Document:

Exhibit 4.6

    

    
      
         

      

      MANAGEMENT SERVICES AGREEMENT

       

      Made and signed in Yavne, on the 24th of April, 2018

      

      

      
        
          	BETWEEN:	
                  G. Willi-Food International Ltd.

                    public company no. 520043209

                    Of 4 Nahal Harif Street, Yavne

                

        

      

      (hereafter: "the Company")

              On the one hand;

      

      

      
        
          	AND	
                          Yossi Willi Management and Investments Ltd.

                

        

      

      private company no. 512416033

      Of 76 Kaplan Street, Herzliya

      (hereafter: "the Management Company")

      

      

             On the other hand;

      

      

      
        
          	Whereas:	
                  The Company is a public company engaged in import, marketing and distribution of food products;

                

        

      

      

      

      
        
          	Whereas:	
                  The management Company is a private company owned by Mr. Joseph Williger, i.d. no. 54248307 (hereafter: “Mr. Williger”);

                

        

      

      

      

      
        
          	Whereas:	
                  On 17.10.2017, the general meeting of the Company approved the terms of office of Mr. Williger as the joint Chairman of the Board of Directors of the Company, as described below, as from 13.8.17;

                

        

      

      

      

      
        
          	Whereas:	
                  Mr. Williger wishes to serve as the joint Chairman of the Board of Directors through a management company, such that no employer-employee relationships will apply between Mr. Williger and the Company;

                

        

      

      

      

      
        
          	Whereas:	
                  The parties wish to set out and regulate the terms of the engagement between them, all as described in this agreement below.

                

        

      

      

      

      Now therefore, the parties agree, declare and warrant as follows:

      

      

      
        
          	1.	
                  Recital

                

        

      

      

      

      
        
          	

                	1.1	
                  The recital to this agreement constitutes an integral part thereof.

                

        

      

      

      

      
        
          	

                	1.2	
                  The headings of the clauses to this agreement are for ease of reference only and shall not limit or affect the meaning or interpretation of the said clauses.

                

        

      

      

      

      
        
          	2.	
                  The applicability of other documents

                

        

      

      

      

      This agreement shall be subject to the Company’s compensation policy, as shall be from time to time.

      

      

      
        
          

      

       

      

      

      
        
          	3.	
                  The purpose of the engagement and the scope of services

                

        

      

      

      

      
        
          	

                	3.1	
                  The Management Company shall provide to the Company management services through Mr. Joseph Williger, who will serve as a joint Chairman of the Board of Directors in the Company (hereafter: (“the Services”).

                

        

      

      

      

      
        
          	

                	3.2	
                  The Services shall be provided at the scope as required from time to time, which will not be less than the equivalent of 60% of a full-time position.

                

        

      

      

      

      
        
          	

                	3.3	
                  Notwithstanding the above, it is hereby clarified that the services and roles as part of which they will be rendered require the investment of strenuous work and long hours, and accordingly the Management Company and Mr. Williger
                    undertake to provide the services at the scope of hours that will be required, including during additional and/or exceptional hours and days and/or on the weekly day of rest and/or during festivals, and they declare that there is no
                    impediment to do so. The Management Company and Mr. Williger undertake to provide the services to the Company in accordance with the provisions of any law, as shall be in force over the course of the term of the agreement, in accordance
                    with the provisions of this agreement and according to the instructions of the Company’s Board of Directors.

                

        

      

      

      

      
        
          	

                	3.4	
                  The Management Company and Mr. Williger shall be subject to supervision and audit of the Company’s Internal Auditor. The Management Company and Mr. Williger undertake to cooperate with the Internal Auditor and to comply with all of
                    his requests.

                

        

      

      

      

      
        
          	4.	
                  Declarations and undertakings of the Management Company and Mr. Williger

                

        

      

      

      

      The Management Company and Mr. Williger hereby declare and undertake towards the bank, jointly and severally, as follows:

      

      

      
        
          	

                	4.1	
                  The Management Company is a limited liability company fully-owned and fully controlled by Mr. Williger and it shall remain so throughout the term of the agreement.

                

        

      

      

      

      
        
          	

                	4.2	
                  That provisions of this agreement shall also apply personally, jointly and severally, to Mr. Williger and accordingly, the provisions of this agreement apply to him as well.

                

        

      

      

      

      
        
          	

                	4.3	
                  That Mr. Williger has elected to provide the services to the Company through the Management Company, under his status as a self-employed person, and the meaning of this choice by Mr. Williger is that the Management Company and Mr.
                    Williger, jointly and severally, shall not be entitled, now or in the future, to any rights arising from employer-employee relationship and that Mr. Williger has elected, without coercion or pressure, to provide the services to the
                    Company through the Management Company and not as an employee of the Company, with all that this entails.

                

        

      

      

      

      
        
          	

                	4.4	
                  The Management Company is lawfully registered with all the relevant authorities as required by law, including with the Value Added Tax Authority, National Insurance and the Income Tax Authority.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	4.5	
                  The Management Company and Mr. Williger shall provide the services solely through Mr. Williger and will not endorse and/or assign the services or any part thereof to any other party. The Management Company and Mr. Williger undertake
                    not to appoint or employ for the purpose of provision of the services any other person or legal entity except for Mr. Williger.

                

        

      

      

      

      
        
          	

                	4.6	
                  The Williger has the experience, knowledge and the professional capabilities to provide the services referred to in this agreement and to fulfil all his obligations and the obligations of the Management Company pursuant to this
                    agreement.

                

        

      

      

      

      
        
          	

                	4.7	
                  To dedicate their skills, time and energy to fulfil their obligations pursuant to this agreement and to comply with the provisions of this agreement skillfully, dedicatedly, faithfully and in good faith, all in accordance with the
                    directions of the Company’s Board of Directors as given from time to time, and subject to any procedure, standard or legal provision, to the satisfaction of the Company and in order to promote the Company’s interests.

                

        

      

      

      

      
        
          	

                	4.8	
                  That Mr. Williger is in good health and is medically fit to fulfil all the obligations of the Management Company and Mr. Williger, in accordance with the provisions of this agreement.

                

        

      

      

      

      
        
          	

                	4.9	
                  To act for the Company faithfully and diligently without preferring their interest over the interest of the Company. In providing the services, the Management Company and Mr. Williger will avoid situations of conflict of interest
                    with the Company.

                

        

      

      

      

      
        
          	

                	4.10	
                  To report to the Company immediately and without delay of any matter or issue in which they have a personal interest and/or any matter that might cause conflict of interest with the provision of services to the Company, and in such a
                    case, to act according to the instructions of the Company and its legal advisor.

                

        

      

      

      

      
        
          	

                	4.11	
                  That as of the date of this agreement there are no matters or issues that may cause conflict of interest under this agreement.

                

        

      

      

      

      
        
          	

                	4.12	
                  To act in good faith and reasonably, in a professional and skilled manner, as one may expect from senior office holders in the Company who hold managerial positions, in order to achieve the objective of the engagement and for the
                    benefit of the Company.

                

        

      

      

      

      
        
          	

                	4.13	
                  That they know the extent of their duties in connection with the provision of the services to the Company, including the loyalty and fiduciary duties and the duty to act for the benefit of the Company, and that they are proficient
                    with all the procedures, regulations and law provisions, which are relevant for the provision of the services.

                

        

      

      

      

      
        
          	

                	4.14	
                  That there is no legal and/or contractual and/or other prohibition, restriction or impediment on the performance of their obligations pursuant to this agreement and their engagement in this agreement and the fulfilment of their
                    obligations thereunder do not breach any other contract or obligation they have to any third party, including breach of confidentiality and non-competing obligations.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	4.15	
                  That during the period of provision of services to the Company they will not engage in any manner whatsoever (whether directly or indirectly), whether with or without consideration, in any job or vocation which may constitute
                    competition to the Company's business, whether as hired employees, self-employed persons, service providers who provide advisory services, or in any other way.

                

        

      

      

      

      
        
          	

                	4.16	
                  Not to receive any consideration and/or benefit in connection with the provision of the services from any entity and/or person with whom he will be in contact during and/or as part of and/or as a result of the provision of the
                    services, including suppliers, clients and other service providers of the Company.

                

        

      

      

      

      
        
          	

                	4.17	
                  That they will use the Company’s equipment and property, including the means made available to them for the purpose of providing the services, solely for the purpose of providing the services, and they undertake not to make any other
                    use of those equipment and property, except for reasonable private use by the manager.

                

        

      

      

      

      
        
          	

                	4.18	
                  That they are aware that the Company is a public company as defined in the Companies Law, 1999 (hereafter: “the Companies Law”) and therefore they are aware that they are subject to provisions
                    and restrictions by virtue of the Securities Law, 1968 (hereafter: “the Securities Law”) and the Companies Law and the regulations promulgated thereunder, the guidelines of the Securities
                    Authority and the Regulations of the Tel Aviv Stock Exchange Ltd. and its directives, as may be from time to time, including and without derogating from the generality of the above, as follows: (1) restrictions as to carrying out
                    transactions with the securities of the Company or the parent company, including sale and purchase transactions; (2) restrictions on use or transfer of inside information, including restrictions regarding carrying out of transactions in
                    the Company’s security or a different security for which the Company’s security is the underlying asset, in breach of the provisions of the Securities Law, where they should have known that they or the Company are in possession of
                    inside information; (3) provisions regarding the date of filing a report to the Company regarding the holding of securities of the Company and/or the parent company, or the carrying out of transactions with those securities and the
                    details of such transactions, and also provisions regarding the date of filing a report to the Company regarding the details of the contractor and changes therein, where the Company is required to disclose those details to the public.

                

        

      

      

      

      
        
          	

                	4.19	
                  That for the entire period of engagement under this agreement, the Management Company shall pay Mr. Williger his salary and other rights to which he is entitled, including social benefits and tax payments (national insurance, income
                    tax and medical insurance) at least at the rate prescribed by law and/or personal agreement and/or expansion order, as the case may be.

                

        

      

      

      

      
        
          	

                	4.20	
                  That the relationship between the Company and the Management Company will be a relationship between a client and independent contractor and there will be no employer-employee relationship between the Management Company and the
                    Company or between Mr. Williger and the Company, as described in detail in section 11 below.

                

        

      

      

      

      
        
          

      

       

      
        
          	5.	
                  Declarations and undertakings of the Company

                

        

      

      

      

      The Company hereby declares that its engagement in this agreement was lawfully approved by its competent bodies and that there is no
        restriction and/or prohibition and/or impediment according to the provisions of any agreement, whether in writing or orally, or under the provision of any law on its entering into this agreement and the performance of its obligations pursuant to
        this agreement.

      

      

      
        
          	6.	
                  Monthly consideration

                

        

      

      

      

      
        
          	

                	6.1	
                  The Management Company shall be entitled to a consideration of NIS 60,000 per month plus VAT (hereafter: “the Consideration”) in respect of the provision of the services to the Company and the
                    fulfilment of all Management Company’s obligations pursuant to this agreement.

                

        

      

      

      

      
        
          	

                	6.2	
                  The Consideration shall be paid until the 10th of every month, in respect of the services provided in the previous month and against a tax invoice issued as required by law.

                

        

      

      

      

      
        
          	

                	6.3	
                  In addition to the Consideration, the Management Company shall be entitled to payment of annual bonus and compensation in respect of participation in the meetings of the Board of Directors and/or its committees in accordance with the
                    minimal rate set in the Companies Regulations (Rules Regarding Compensation and Expenses of an External Director), 2000, taking into account the scope of the Company’s shareholders’ equity, as shall be from time to time and in
                    accordance with the provisions of the said regulations.

                

        

      

      

      

      
        
          	

                	6.4	
                  The Management Company and Mr. Williger alone shall bear any tax and/or any other payment of any type, if any, that will be levied on the monthly Consideration and/or the expenses, as described below.

                

        

      

      

      

      
        
          	

                	6.5	
                  The Management Company and Mr. Williger will not be entitled to receive any other payment and/or amount and/or consideration from the Company in respect of the provision of the services in addition to the Consideration, the expenses
                    and the annual bonus as described in this agreement.

                

        

      

      

      

      
        
          	

                	6.6	
                  Mr. Williger will be included in the office holders’ insurance of the Company and its subsidiaries, as applicable to all other office holders and directors of the Company. Mr. Williger will also be entitled to exemption and
                    indemnification pursuant to the letter of exemption and indemnification that was approved by the general meeting of the Company’s shareholders on 20.7.05 in respect of all other office holders and directors of the Company.

                

        

      

      

      

      
        
          	7.	
                  Expenses

                

        

      

      

      

      
        
          	

                	7.1	
                  The Company shall make available to the Management Company a car to be used by Mr. Williger, at a value that will not exceed NIS 400 thousand and shall bear all expenses relating to the use of this car (excluding fines and parking
                    tickets) and including the applicable tax expenses. If Mr. Williger asks for a car, the value of which is more than NIS 400 thousand, the Management Company shall pay the cost of the car in excess of NIS 400 thousand.

                

        

      

      

      

      
        
          

      

       

      Insofar as the car is sold in the future, the Management Company shall receive a share of the consideration received in respect of the sale, in proportion to its participation
        in the cost of the car, if any.

      

      

      
        
          	

                	7.2	
                  Furthermore, the Management Company shall be entitled to reimbursement of reasonable expenses that it expensed in Israel or abroad in connection with the provision of the services to the Company (telephone expenses, subsistence and
                    staying expenses, as applicable), as is the normal practice in the Company and in accordance with the Company’s compensation policy, as shall be from time to time.

                

        

      

      

      

      
        
          	8.	
                  Annual bonus

                

        

      

      

      

      
        
          	

                	8.1	
                  If the Company’s annual consolidated operating profit amounts to NIS 15 million or more, before payment of bonuses to Company’s office holders, the Management Company shall be entitled to payment of a graduated annual bonus, as
                    specified below:

                

        

      

      

      

      
        
          	

                	8.1.1	
                  2% of the operating profit of the Company before bonuses in respect of a total of NIS 10 million.

                

        

      

      

      

      
        
          	

                	8.1.2	
                  3% of the operating profit of the Company before bonuses in respect of the amount in excess of NIS 10 million and up to NIS 15 million.

                

        

      

      

      

      
        
          	

                	8.1.3	
                  4% of the operating profit of the Company before bonuses in respect of the amount in excess of NIS 15 million and up to NIS 20 million.

                

        

      

      

      

      
        
          	

                	8.1.4	
                  5% of operating profit of the Company before bonuses in respect of any amount in excess of NIS 20 million.

                

        

      

      

      

      
        
          	

                	8.2	
                  To remove any doubt, the annual bonus amount for each year will not exceed a total of NIS 720,000.

                

        

      

      

      

      
        
          	

                	8.3	
                  In the event that the services are diminished and/or reduced and/or terminated under the circumstance set out in section 10.2 below before the end of a calendar year, the annual bonus shall be paid in respect of the period during
                    which the services were actually provided over the course of that calendar year.

                

        

      

      

      

      
        
          	

                	8.4	
                  In the event that the services are diminished and/or reduced and/or terminated under the circumstance set out in section 10.8 below, the Company may revoke the payment of the annual bonus, in whole or in part.

                

        

      

      

      

      
        
          	9.	
                  Compensation and insurance

                

        

      

      

      

      Mr. Williger shall be included in the professional liability insurance policy of office holders in the Company (as described above), in Israel and abroad, including the USA and
        Canada, under terms that are identical to the terms applied to all Company’s office holders. In addition, the Company will undertake to indemnify Mr. Williger in accordance with the letters of indemnifications that were adopted and/or will be
        adopted by the Company in respect to all of its office holders.

      

      

      
        
          

      

       

      
        
          
            	10.	
                    
                      Term and termination of the agreement

                    

                  

          

        

        

        

      

      
        
          	

                	10.1	
                  This agreement is effective as from 13.8.17 until it is terminated pursuant to the provisions of the agreement or the law.

                

        

      

      

      

      
        
          	

                	10.2	
                  Each of the parties shall be entitled to terminate the engagement between the parties at any given time without giving any reason, by giving a 90-day written advance notice (hereafter – “the Advance
                      Notice Period”).

                

        

      

      

      

      
        
          	

                	10.3	
                  As from the second year of the engagement between the parties pursuant to this agreement, the Advance Notice Period that the Company will be subject to will be 120 days.

                

        

      

      

      

      
        
          	

                	10.4	
                  In addition, in the event of termination of the engagement between the parties by the Company under circumstance other than those specified in section 10.8 below, and provided that the engagement under this agreement has lasted more
                    than one full year, the Management Company shall be entitled to payment of retirement bonus at an amount equal to six times the monthly consideration, and also to payment of the consideration for four months from the date of the
                    termination of the engagement between the parties.

                

        

      

      

      

      
        
          	

                	10.5	
                  During the Advance Notice Period, the Management Company shall continue to provide the services to the Company in order to ensure the continued normal activities of the Company.

                

        

      

      

      

      
        
          	

                	10.6	
                  The Company may, at its own discretion, waive the provision of the services during some or all of the Advance Notice Period, and in such a case the Company shall pay to the Management Company the Consideration and all other rights
                    specified in this agreement, in respect of the period for which it waived the provision of services.

                

        

      

      

      

      
        
          	

                	10.7	
                  If the Management Company fails to meet its obligation to give advance notice to the Company as provided above, the Management Company shall pay the Company an agreed compensation at an amount equal to the consideration that it would
                    have received in respect of the Advance Notice Period which it failed to announce. The Company may deduct and/or offset the amount of the said agreed compensation from any payment it will be required to pay the Management Company.

                

        

      

      

      

      
        
          	

                	10.8	
                  Upon the fulfilment of at least one of the conditions set out below, the Company will be entitled to terminate this agreement with immediate effect, without being required to give advance notice or pay for an advance notice period,
                    without detracting from any remedy to which the Company will be entitled pursuant to any law and/or agreement:

                

        

      

      

      

      
        
          	

                	10.8.1	
                  The Management Company and/or Mr. Williger were convicted of a criminal offense and/or a flagrant offense;

                

        

      

      

      

      
        
          	

                	10.8.2	
                  The Management Company and/or Mr. Williger have fundamentally breached a fundamental obligation pursuant to this agreement and did not rectify the said breach within 30 days from the day on which they received written notice to that
                    effect from the Company.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	10.8.3	
                  Mr. Williger was declared bankrupt;

                

        

      

      

      

      
        
          	

                	10.8.4	
                  If a resolution is taken against the Management Company in an application for liquidation and/or appointment of a preliminary temporary liquidator, receiver, special manager, or an application for suspension of proceedings, or
                    receiving order, or the commencement of rehabilitation procedures.

                

        

      

      

      

      
        
          	

                	10.8.5	
                  In the event that the Management will be prevented from providing the services due to the Mr. Williger's permanent incapacity and/or permanent loss of work capacity.

                

        

      

      

      

      
        
          	

                	10.8.6	
                  Under circumstances in which, had Mr. Williger been an employee of the Company, it would have had the right to terminate his employment while revoking some or all of his severance pay.

                

        

      

      

      

      
        
          	

                	10.9	
                  No later than 5 business days after the date of the termination of the provision of the services for any reason whatsoever, the Management Company will deliver to the Company all the documents, information, other confidential
                    materials, professional and/or business material and/or photocopies and/or any other copies thereof, as well as any other materials, that the Company or Mr. Williger received or prepared in connection with the provision of the services
                    until they were discontinued; the Management Company and Mr. Williger shall not retain any such information and/or materials or any copies of photocopies thereof.

                

        

      

      

      

      
        
          	

                	10.10	
                  In the event that the engagement with the Management Company is terminated for any reason whatsoever, the Company shall pay to the Management Company all the amounts it was entitled to receive under this agreement through the date of
                    termination of the agreement; the Management Company will not be entitled to any further payments and/or compensation in respect of the termination of the engagement.

                

        

      

      

      

      
        
          	11.	
                  The nature of the relationship between the parties

                

        

      

      

      

      
        
          	

                	11.1	
                  The Company, the Management Company and Mr. Williger, declare and approve, jointly and severally, that the services pursuant to this agreement shall be provided to the Company under Mr. Williger’s status as a self-employed person and
                    that there is no employer-employee relationship between the Company and/or anyone acting on its behalf and Mr. Williger, nor will there be such a relationship in the future. The Company and/or anyone acting on its behalf are not liable
                    towards Mr. Williger in connection with any duty, responsibility or liability, which an employer has towards its employees, including in relation to severance pay and/or any payment and/or right that an employee is entitled to under any
                    law and/or practice.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	11.2	
                  The Consideration and all other amounts payable in respect of the provision of the services specified in this agreement were determined, among other things, based on the assumption that the Management Company and Mr. Williger and/or
                    any of them are not employees of the Company. Therefore, it is expressly agreed that the Management Company and/or Mr. Williger shall indemnify the Company immediately upon first demand, for any lawsuit, if any, filed by Mr. Williger
                    and/or any of them and/or anyone acting on their behalf against the Company in connection with employer-employee relationship; indemnity will include the full amount specified in the lawsuit with the addition of interest, linkage
                    differences and any expense incurred by the Company in respect thereof; Mr. Williger shall be precluded from raising any claims against the Company with regard to any demand that the Company makes against him in connection with such a
                    lawsuit.

                

        

      

      

      

      
        
          	

                	11.3	
                  Without derogating from the aforesaid, if a competent authority, including a court (and an arbitrator or a mediator) decides that despite of the agreement between the parties there were employer-employee relationships between Mr.
                    Williger and the Company and/or a Company under its control and/or a related company thereof, then the Consideration in respect of the provision of the services shall amount to NIS 40 thousand in respect of 60% of a full-time position;
                    this provision will apply with retroactive effect as from the date of commencement of the engagement as specified in section 10.1 above, without the Management Company and/or Mr. Williger raising any claims in connection with the
                    aforesaid. In such a case, the parties will settle accounts as required from the determination of the nature of the relationship between them; and accordingly, all amounts that were paid in excess of the amount specified above in gross
                    terms shall be considered as contribution towards social benefits, other benefits and rights pertaining to employer-employee relationship.

                

        

      

      

      

      
        
          	12.	
                  Confidentiality and non-competition

                

        

      

      

      

      
        
          	

                	12.1	
                  The Management and Mr. Williger declare, warrant and approve, jointly and severally, that they are aware that all the information that they will receive due to and/or in the process of the provision of the services, including
                    information prepared by them and which pertains to the Company and/or its businesses and/or its clients and/or its matters and/or its activity and/or transactions, including potential transactions, the Company’s clients, work
                    procedures, clients list, supplier list and information relating thereto, Company’s shareholders and/or its employees, work methods, methodology, work relations ,etc. (hereafter –“the Information”),
                    is confidential and shall remain the exclusive property of the Company and can only be used and brought to the attention of the Management Company and Mr. Williger in connection with the provision of the services pursuant to this
                    agreement.

                

        

      

      

      

      
        
          

      

      
        
          	

                	12.2	
                  The Management Company and Mr. Williger undertake, jointly and severally, to use the Information only for the purpose of providing the services to the Company and to maintain full and complete confidentiality regarding the
                    Information, not disclose the Information to any third party and/or to publish it, whether directly or through others, and not to use it for any purpose other than the provision of the services to the Company.

                

        

      

       

      
        
          	

                	12.3	
                  The Management Company and Mr. Williger undertake, jointly and severally, that they will not remove from the Company’s offices any equipment, parts of equipment, documents, copies of documents, videos, photographic films, recording
                    tapes, software, programs, plans, drawings, working papers that belong to the Company, it clients and/or to other persons, bodies and/or entities related to the Company in any way and/or to copy and/or to otherwise duplicate, including
                    by way of magnetic duplication, such documents or information, unless they do so for the purpose of providing the services to the Company and/or in accordance with its instructions.

                

        

      

      

      

      
        
          	

                	12.4	
                  Without detracting from the above, the Management Company and Mr. Williger undertake, jointly and severally, that during the term of the agreement they will not address and/or contact and/or engage and/or provide services, whether
                    directly or indirectly, to Company’s present and former clients and/or suppliers and/or its employees and/or anyone to whom the Company rendered services and will not accept any approaches or proposals they receive therefrom.

                

        

      

      

      

      The provisions of this section shall also apply to business opportunities and/or business activities in the field of the Company’s activities and accordingly, the Management
        Company and Mr. Williger, jointly and severally, will refrain from communicating information regarding such opportunities or activities to any third party and will refrain from using those opportunities or activities for their own benefit.

      

      

      
        
          	

                	12.5	
                  The Management Company and Mr. Williger’s obligations regarding confidentiality and non-competition as set out above, shall apply both in relation to the Company and in relation to its related companies, as described above.

                

        

      

      

      

      
        
          	13.	
                  Applicable law

                

        

      

      

      

      This Agreement shall be governed by and construed solely in accordance with the applicable laws of the state of Israel. All parties irrevocably agree that the competent courts
        of Tel Aviv-Yafo shall have exclusive jurisdiction in any matter relating to this agreement and no other courts in any other city and/or country shall have jurisdiction to hear any matter arising from this agreement, related thereto or connected
        therewith.

      

      

      
        
          	14.	
                  Sundry

                

        

      

      

      

      
        
          	

                	14.1	
                  The parties undertake to act mutually and in good faith to achieve the correct, just and efficient execution of this agreement, and for that purpose the parties undertake to sign any document and to present themselves before any
                    authority, as required.

                

        

      

      

      

      
        
          	

                	14.2	
                  Any modification, amendment and/or addition to the agreement shall only become effective and considered as executed if they are agreed to in writing and signed by both parties.

                

        

      

      

      

      
        
          

      

      

      

      
        
          	

                	14.3	
                  No conduct by either party shall be deemed to be a waiver of any of its rights under this agreement and/or under any law, or as waiver or acceptance of any breach or non-fulfillment of the terms of the agreement by the other party or
                    as extension, deferral, modification, revocation or addition of any condition, unless agreed to expressly and in writing.

                

        

      

      

      

      
        
          	

                	14.4	
                  For purposes of this agreement, the addresses of the parties shall be the addresses set by the parties in the recital to this agreement.

                

        

      

      

      

      
        
          	

                	14.5	
                  This Agreement constitutes the entire agreement and understanding between the parties to this agreement regarding the subjects discussed therein and it supersedes any representation, agreement, negotiation, practice, letter of
                    understanding, memorandum of principle, proposal, plan, summary of discussion, letter of intent and an undertaking, whether written or oral, that had existed or exchanged between the parties regarding the said subjects prior to signing
                    this agreement.

                

        

      

      

      

      
        In witness whereof, the parties hereto affix their signatures

      

      
        

        

      

      	 	 	 
	
              The Company

            	 	
              The Management Company

            
	 	 	 
	
              Approval by Mr. Williger

               

              I, the undersigned, Joseph Williger, i.d. no. 54248307, hereby undertake to comply with all the provisions of this agreement and particularly with all the provisions of a personal nature, including, but not
                only, the provisions of sections 3, 4, 11 and 12 and their subsections.

            
	 	 	 
	 	 	 
	 	 	
              Mr. Joseph Williger

            

    

    
      
        

    

    

      APPENDIX TO MANAGEMENT SERVICES AGREEMENT

       

      Made and signed in Yavne on the 3rd day of April 2019

      

      

      
        
          	BETWEEN:	
                  G. Willi-Food International Ltd.

                    Public company no. 520043209

                    Of 4 Nahal Harif Street, Yavne

                

        

      

      (hereafter: the “Company”)

              On the one hand;

      

      

      
        
          	AND	
                           Yossi Willi Management and Investments Ltd.

                

        

      

      Private company no. 512416033

      Of 76 Kaplan Street, Herzliya

      (hereafter: the “Management Company”)

      

      

             On the other hand;

      

      

      
        
          	Whereas:	
                  The Company is a public company engaged in the import, marketing and distribution of food products;

                

        

      

      

      

      
        
          	Whereas:	
                  The Management Company is a private company owned by Mr. Joseph Williger, i.d. no. 54248307 (hereafter: “Mr. Williger”);

                

        

      

      

      

      
        
          	Whereas:	
                  On April 24, 2018, an agreement for the provision of management services was signed between the parties (hereafter: the “Services Agreement”) in accordance with the approval of the General
                    Meeting of the Company;

                

        

      

      

      

      
        
          	Whereas:	
                  On April 3, 2019, the General Meeting of the Company approved the amendment of the terms of the agreement between the parties for a period of additional 3 years (three years).

                

        

      

      

      

      Now therefore, the parties agree, declare and warrant as follows:

      

      

      The following sections shall be updated commencing from January 1, 2019:

      

      

      
        
          	1.	
                  Section 3.2 to the Services Agreement shall be updated as follows:

                

        

      

      The services shall be provided at the scope required from time to time, which shall not be less than the equivalent to full time position.

      

      

      
        
          	2.	
                  Section 6.1 to the Services Agreement shall be updated as follows:

                

        

      

      The Management Company shall be entitled to a consideration of NIS 100,000 per month plus VAT in respect of the provision of the services to the Company and the fulfilment of all
        Management Company’s obligations pursuant to this agreement.

      

      

      
        
          	3.	
                  Section 8.1 to the Services Agreement shall be updated as follows:

                

        

      

      If the Company’s annual consolidated operating profit amounts to NIS 20 million or more, before payment of bonuses to Company’s office holders, the Management Company shall be
        entitled to payment of a graduated annual bonus, as specified in the Services Agreement.

      

      

      
        
          

      

      
        
          	4.	
                  Section 8.2 to the Services Agreement shall be updated as follows:

                

        

      

      To remove any doubt, the annual bonus amount for each year will not exceed a total of NIS 1,500,000.

      

      

      
        In witness whereof, the parties hereto affix their signatures

      

      
        

        

      

      	 	 	 
	
              The Company

            	 	
              The Management Company

            
	 	 	 
	
              Approval by Mr. Williger

               

              I, the undersigned, Joseph Williger, i.d. no. 54248307, hereby undertake to comply with all the provisions of this agreement and particularly with all the provisions of a personal nature.

            
	 	 	 
	 	 	 
	 	 	
              Mr. Joseph Williger

            
	 	 	 
	 	 	 

      
        

        

        
          
            

        

      

       
      MANAGEMENT SERVICES AGREEMENT

       

      Made and signed in Yavne, on the 24th of April, 2018

      

      

      
        
          	BETWEEN:	
                  G. Willi-Food International Ltd.

                    public company no. 520043209

                    Of 4 Nahal Harif Street, Yavne

                

        

      

      (hereafter: "the Company")

              On the one hand;

      

      

      
        
          	AND	
                          Zvi V. & Co Company Ltd.

                

        

      

      private company no. 512715970

      Of 4 Nahal Harif Street, Yavne

      (hereafter: "the Management Company")

      

      

             On the other hand;

      

      

      
        
          	Whereas:	
                  The Company is a public company engaged in import, marketing and distribution of food products;

                

        

      

      

      

      
        
          	Whereas:	
                  The management Company is a private company owned by Mr. Zwi Williger, i.d. no. 53339305 (hereafter: “Mr. Williger”);

                

        

      

      

      

      
        
          	Whereas:	
                  On 17.10.2017, the general meeting of the Company approved the terms of office of Mr. Williger as the joint Chairman of the Board of Directors of the Company, as described below, as from 13.8.17;

                

        

      

      

      

      
        
          	Whereas:	
                  Mr. Williger wishes to serve as the joint Chairman of the Board of Directors through a management company, such that no employer-employee relationships will apply between Mr. Williger and the Company;

                

        

      

      

      

      
        
          	Whereas:	
                  The parties wish to set out and regulate the terms of the engagement between them, all as described in this agreement below.

                

        

      

      

      

      Now therefore, the parties agree, declare and warrant as follows:

      

      

      
        
          	1.	
                  Recital

                

        

      

      

      

      
        
          	

                	1.1	
                  The recital to this agreement constitutes an integral part thereof.

                

        

      

      

      

      
        
          	

                	1.2	
                  The headings of the clauses to this agreement are for ease of reference only and shall not limit or affect the meaning or interpretation of the said clauses.

                

        

      

      

      

      
        
          	2.	
                  The applicability of other documents

                

        

      

      

      

      This agreement shall be subject to the Company’s compensation policy, as shall be from time to time.

      

      

      
        
          

      

       

      

      

      
        
          	3.	
                  The purpose of the engagement and the scope of services

                

        

      

      

      

      
        
          	

                	3.1	
                  The Management Company shall provide to the Company management services through Mr. Zwi Williger, who will serve as a joint Chairman of the Board of Directors in the Company (hereafter: (“the Services”).

                

        

      

      

      

      
        
          	

                	3.2	
                  The Services shall be provided at the scope as required from time to time, which will not be less than the equivalent of 60% of a full-time position.

                

        

      

      

      

      
        
          	

                	3.3	
                  Notwithstanding the above, it is hereby clarified that the services and roles as part of which they will be rendered require the investment of strenuous work and long hours, and accordingly the Management Company and Mr. Williger
                    undertake to provide the services at the scope of hours that will be required, including during additional and/or exceptional hours and days and/or on the weekly day of rest and/or during festivals, and they declare that there is no
                    impediment to do so. The Management Company and Mr. Williger undertake to provide the services to the Company in accordance with the provisions of any law, as shall be in force over the course of the term of the agreement, in accordance
                    with the provisions of this agreement and according to the instructions of the Company’s Board of Directors.

                

        

      

      

      

      
        
          	

                	3.4	
                  The Management Company and Mr. Williger shall be subject to supervision and audit of the Company’s Internal Auditor. The Management Company and Mr. Williger undertake to cooperate with the Internal Auditor and to comply with all of
                    his requests.

                

        

      

      

      

      
        
          	4.	
                  Declarations and undertakings of the Management Company and Mr. Williger

                

        

      

      

      

      The Management Company and Mr. Williger hereby declare and undertake towards the bank, jointly and severally, as follows:

      

      

      
        
          	

                	4.1	
                  The Management Company is a limited liability company fully-owned and fully controlled by Mr. Williger and it shall remain so throughout the term of the agreement.

                

        

      

      

      

      
        
          	

                	4.2	
                  That provisions of this agreement shall also apply personally, jointly and severally, to Mr. Williger and accordingly, the provisions of this agreement apply to him as well.

                

        

      

      

      

      
        
          	

                	4.3	
                  That Mr. Williger has elected to provide the services to the Company through the Management Company, under his status as a self-employed person, and the meaning of this choice by Mr. Williger is that the Management Company and Mr.
                    Williger, jointly and severally, shall not be entitled, now or in the future, to any rights arising from employer-employee relationship and that Mr. Williger has elected, without coercion or pressure, to provide the services to the
                    Company through the Management Company and not as an employee of the Company, with all that this entails.

                

        

      

      

      

      
        
          	

                	4.4	
                  The Management Company is lawfully registered with all the relevant authorities as required by law, including with the Value Added Tax Authority, National Insurance and the Income Tax Authority.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	4.5	
                  The Management Company and Mr. Williger shall provide the services solely through Mr. Williger and will not endorse and/or assign the services or any part thereof to any other party. The Management Company and Mr. Williger undertake
                    not to appoint or employ for the purpose of provision of the services any other person or legal entity except for Mr. Williger.

                

        

      

      

      

      
        
          	

                	4.6	
                  The Williger has the experience, knowledge and the professional capabilities to provide the services referred to in this agreement and to fulfil all his obligations and the obligations of the Management Company pursuant to this
                    agreement.

                

        

      

      

      

      
        
          	

                	4.7	
                  To dedicate their skills, time and energy to fulfil their obligations pursuant to this agreement and to comply with the provisions of this agreement skillfully, dedicatedly, faithfully and in good faith, all in accordance with the
                    directions of the Company’s Board of Directors as given from time to time, and subject to any procedure, standard or legal provision, to the satisfaction of the Company and in order to promote the Company’s interests.

                

        

      

      

      

      
        
          	

                	4.8	
                  That Mr. Williger is in good health and is medically fit to fulfil all the obligations of the Management Company and Mr. Williger, in accordance with the provisions of this agreement.

                

        

      

      

      

      
        
          	

                	4.9	
                  To act for the Company faithfully and diligently without preferring their interest over the interest of the Company. In providing the services, the Management Company and Mr. Williger will avoid situations of conflict of interest
                    with the Company.

                

        

      

      

      

      
        
          	

                	4.10	
                  To report to the Company immediately and without delay of any matter or issue in which they have a personal interest and/or any matter that might cause conflict of interest with the provision of services to the Company, and in such a
                    case, to act according to the instructions of the Company and its legal advisor.

                

        

      

      

      

      
        
          	

                	4.11	
                  That as of the date of this agreement there are no matters or issues that may cause conflict of interest under this agreement.

                

        

      

      

      

      
        
          	

                	4.12	
                  To act in good faith and reasonably, in a professional and skilled manner, as one may expect from senior office holders in the Company who hold managerial positions, in order to achieve the objective of the engagement and for the
                    benefit of the Company.

                

        

      

      

      

      
        
          	

                	4.13	
                  That they know the extent of their duties in connection with the provision of the services to the Company, including the loyalty and fiduciary duties and the duty to act for the benefit of the Company, and that they are proficient
                    with all the procedures, regulations and law provisions, which are relevant for the provision of the services.

                

        

      

      

      

      
        
          	

                	4.14	
                  That there is no legal and/or contractual and/or other prohibition, restriction or impediment on the performance of their obligations pursuant to this agreement and their engagement in this agreement and the fulfilment of their
                    obligations thereunder do not breach any other contract or obligation they have to any third party, including breach of confidentiality and non-competing obligations.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	4.15	
                  That during the period of provision of services to the Company they will not engage in any manner whatsoever (whether directly or indirectly), whether with or without consideration, in any job or vocation which may constitute
                    competition to the Company's business, whether as hired employees, self-employed persons, service providers who provide advisory services, or in any other way.

                

        

      

      

      

      
        
          	

                	4.16	
                  Not to receive any consideration and/or benefit in connection with the provision of the services from any entity and/or person with whom he will be in contact during and/or as part of and/or as a result of the provision of the
                    services, including suppliers, clients and other service providers of the Company.

                

        

      

      

      

      
        
          	

                	4.17	
                  That they will use the Company’s equipment and property, including the means made available to them for the purpose of providing the services, solely for the purpose of providing the services, and they undertake not to make any other
                    use of those equipment and property, except for reasonable private use by the manager.

                

        

      

      

      

      
        
          	

                	4.18	
                  That they are aware that the Company is a public company as defined in the Companies Law, 1999 (hereafter: “the Companies Law”) and therefore they are aware that they are subject to provisions
                    and restrictions by virtue of the Securities Law, 1968 (hereafter: “the Securities Law”) and the Companies Law and the regulations promulgated thereunder, the guidelines of the Securities
                    Authority and the Regulations of the Tel Aviv Stock Exchange Ltd. and its directives, as may be from time to time, including and without derogating from the generality of the above, as follows: (1) restrictions as to carrying out
                    transactions with the securities of the Company or the parent company, including sale and purchase transactions; (2) restrictions on use or transfer of inside information, including restrictions regarding carrying out of transactions in
                    the Company’s security or a different security for which the Company’s security is the underlying asset, in breach of the provisions of the Securities Law, where they should have known that they or the Company are in possession of
                    inside information; (3) provisions regarding the date of filing a report to the Company regarding the holding of securities of the Company and/or the parent company, or the carrying out of transactions with those securities and the
                    details of such transactions, and also provisions regarding the date of filing a report to the Company regarding the details of the contractor and changes therein, where the Company is required to disclose those details to the public.

                

        

      

      

      

      
        
          	

                	4.19	
                  That for the entire period of engagement under this agreement, the Management Company shall pay Mr. Williger his salary and other rights to which he is entitled, including social benefits and tax payments (national insurance, income
                    tax and medical insurance) at least at the rate prescribed by law and/or personal agreement and/or expansion order, as the case may be.

                

        

      

      

      

      
        
          	

                	4.20	
                  That the relationship between the Company and the Management Company will be a relationship between a client and independent contractor and there will be no employer-employee relationship between the Management Company and the
                    Company or between Mr. Williger and the Company, as described in detail in section 11 below.

                

        

      

      

      

      
        
          

      

       

      
        
          	5.	
                  Declarations and undertakings of the Company

                

        

      

      

      

      The Company hereby declares that its engagement in this agreement was lawfully approved by its competent bodies and that there is no
        restriction and/or prohibition and/or impediment according to the provisions of any agreement, whether in writing or orally, or under the provision of any law on its entering into this agreement and the performance of its obligations pursuant to
        this agreement.

      

      

      
        
          	6.	
                  Monthly consideration

                

        

      

      

      

      
        
          	

                	6.1	
                  The Management Company shall be entitled to a consideration of NIS 60,000 per month plus VAT (hereafter: “the Consideration”) in respect of the provision of the services to the Company and the
                    fulfilment of all Management Company’s obligations pursuant to this agreement.

                

        

      

      

      

      
        
          	

                	6.2	
                  The Consideration shall be paid until the 10th of every month, in respect of the services provided in the previous month and against a tax invoice issued as required by law.

                

        

      

      

      

      
        
          	

                	6.3	
                  In addition to the Consideration, the Management Company shall be entitled to payment of annual bonus and compensation in respect of participation in the meetings of the Board of Directors and/or its committees in accordance with the
                    minimal rate set in the Companies Regulations (Rules Regarding Compensation and Expenses of an External Director), 2000, taking into account the scope of the Company’s shareholders’ equity, as shall be from time to time and in
                    accordance with the provisions of the said regulations.

                

        

      

      

      

      
        
          	

                	6.4	
                  The Management Company and Mr. Williger alone shall bear any tax and/or any other payment of any type, if any, that will be levied on the monthly Consideration and/or the expenses, as described below.

                

        

      

      

      

      
        
          	

                	6.5	
                  The Management Company and Mr. Williger will not be entitled to receive any other payment and/or amount and/or consideration from the Company in respect of the provision of the services in addition to the Consideration, the expenses
                    and the annual bonus as described in this agreement.

                

        

      

      

      

      
        
          	

                	6.6	
                  Mr. Williger will be included in the office holders’ insurance of the Company and its subsidiaries, as applicable to all other office holders and directors of the Company. Mr. Williger will also be entitled to exemption and
                    indemnification pursuant to the letter of exemption and indemnification that was approved by the general meeting of the Company’s shareholders on 20.7.05 in respect of all other office holders and directors of the Company.

                

        

      

      

      

      
        
          	7.	
                  Expenses

                

        

      

      

      

      
        
          	

                	7.1	
                  The Company shall make available to the Management Company a car to be used by Mr. Williger, at a value that will not exceed NIS 400 thousand and shall bear all expenses relating to the use of this car (excluding fines and parking
                    tickets) and including the applicable tax expenses. If Mr. Williger asks for a car, the value of which is more than NIS 400 thousand, the Management Company shall pay the cost of the car in excess of NIS 400 thousand.

                

        

      

      

      

      
        
          

      

      

      

      Insofar as the car is sold in the future, the Management Company shall receive a share of the consideration received in respect of the sale, in proportion to its participation
        in the cost of the car, if any.

      

      

      
        
          	

                	7.2	
                  Furthermore, the Management Company shall be entitled to reimbursement of reasonable expenses that it expensed in Israel or abroad in connection with the provision of the services to the Company (telephone expenses, subsistence and
                    staying expenses, as applicable), as is the normal practice in the Company and in accordance with the Company’s compensation policy, as shall be from time to time.

                

        

      

      

      

      
        
          	8.	
                  Annual bonus

                

        

      

      

      

      
        
          	

                	8.1	
                  If the Company’s annual consolidated operating profit amounts to NIS 15 million or more, before payment of bonuses to Company’s office holders, the Management Company shall be entitled to payment of a graduated annual bonus, as
                    specified below:

                

        

      

      

      

      
        
          	

                	8.1.1	
                  2% of the operating profit of the Company before bonuses in respect of a total of NIS 10 million.

                

        

      

      

      

      
        
          	

                	8.1.2	
                  3% of the operating profit of the Company before bonuses in respect of the amount in excess of NIS 10 million and up to NIS 15 million.

                

        

      

      

      

      
        
          	

                	8.1.3	
                  4% of the operating profit of the Company before bonuses in respect of the amount in excess of NIS 15 million and up to NIS 20 million.

                

        

      

      

      

      
        
          	

                	8.1.4	
                  5% of operating profit of the Company before bonuses in respect of any amount in excess of NIS 20 million.

                

        

      

      

      

      
        
          	

                	8.2	
                  To remove any doubt, the annual bonus amount for each year will not exceed a total of NIS 720,000.

                

        

      

      

      

      
        
          	

                	8.3	
                  In the event that the services are diminished and/or reduced and/or terminated under the circumstance set out in section 10.2 below before the end of a calendar year, the annual bonus shall be paid in respect of the period during
                    which the services were actually provided over the course of that calendar year.

                

        

      

      

      

      
        
          	

                	8.4	
                  In the event that the services are diminished and/or reduced and/or terminated under the circumstance set out in section 10.8 below, the Company may revoke the payment of the annual bonus, in whole or in part.

                

        

      

      

      

      
        
          	9.	
                  Compensation and insurance

                

        

      

      

      

      Mr. Williger shall be included in the professional liability insurance policy of office holders in the Company (as described above), in Israel and abroad, including the USA and
        Canada, under terms that are identical to the terms applied to all Company’s office holders. In addition, the Company will undertake to indemnify Mr. Williger in accordance with the letters of indemnifications that were adopted and/or will be
        adopted by the Company in respect to all of its office holders.

      

      

      
        
          

      

      
        

        

        
          
            	10.	
                    
                      Term and termination of the agreement

                    

                  

          

        

        

        

      

      
        
          	

                	10.1	
                  This agreement is effective as from 13.8.17 until it is terminated pursuant to the provisions of the agreement or the law.

                

        

      

      

      

      
        
          	

                	10.2	
                  Each of the parties shall be entitled to terminate the engagement between the parties at any given time without giving any reason, by giving a 90-day written advance notice (hereafter – “the Advance
                      Notice Period”).

                

        

      

      

      

      
        
          	

                	10.3	
                  As from the second year of the engagement between the parties pursuant to this agreement, the Advance Notice Period that the Company will be subject to will be 120 days.

                

        

      

      

      

      
        
          	

                	10.4	
                  In addition, in the event of termination of the engagement between the parties by the Company under circumstance other than those specified in section 10.8 below, and provided that the engagement under this agreement has lasted more
                    than one full year, the Management Company shall be entitled to payment of retirement bonus at an amount equal to six times the monthly consideration, and also to payment of the consideration for four months from the date of the
                    termination of the engagement between the parties.

                

        

      

      

      

      
        
          	

                	10.5	
                  During the Advance Notice Period, the Management Company shall continue to provide the services to the Company in order to ensure the continued normal activities of the Company.

                

        

      

      

      

      
        
          	

                	10.6	
                  The Company may, at its own discretion, waive the provision of the services during some or all of the Advance Notice Period, and in such a case the Company shall pay to the Management Company the Consideration and all other rights
                    specified in this agreement, in respect of the period for which it waived the provision of services.

                

        

      

      

      

      
        
          	

                	10.7	
                  If the Management Company fails to meet its obligation to give advance notice to the Company as provided above, the Management Company shall pay the Company an agreed compensation at an amount equal to the consideration that it would
                    have received in respect of the Advance Notice Period which it failed to announce. The Company may deduct and/or offset the amount of the said agreed compensation from any payment it will be required to pay the Management Company.

                

        

      

      

      

      
        
          	

                	10.8	
                  Upon the fulfilment of at least one of the conditions set out below, the Company will be entitled to terminate this agreement with immediate effect, without being required to give advance notice or pay for an advance notice period,
                    without detracting from any remedy to which the Company will be entitled pursuant to any law and/or agreement:

                

        

      

      

      

      
        
          	

                	10.8.1	
                  The Management Company and/or Mr. Williger were convicted of a criminal offense and/or a flagrant offense;

                

        

      

      

      

      
        
          	

                	10.8.2	
                  The Management Company and/or Mr. Williger have fundamentally breached a fundamental obligation pursuant to this agreement and did not rectify the said breach within 30 days from the day on which they received written notice to that
                    effect from the Company.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	10.8.3	
                  Mr. Williger was declared bankrupt;

                

        

      

      

      

      
        
          	

                	10.8.4	
                  If a resolution is taken against the Management Company in an application for liquidation and/or appointment of a preliminary temporary liquidator, receiver, special manager, or an application for suspension of proceedings, or
                    receiving order, or the commencement of rehabilitation procedures.

                

        

      

      

      

      
        
          	

                	10.8.5	
                  In the event that the Management will be prevented from providing the services due to the Mr. Williger's permanent incapacity and/or permanent loss of work capacity.

                

        

      

      

      

      
        
          	

                	10.8.6	
                  Under circumstances in which, had Mr. Williger been an employee of the Company, it would have had the right to terminate his employment while revoking some or all of his severance pay.

                

        

      

      

      

      
        
          	

                	10.9	
                  No later than 5 business days after the date of the termination of the provision of the services for any reason whatsoever, the Management Company will deliver to the Company all the documents, information, other confidential
                    materials, professional and/or business material and/or photocopies and/or any other copies thereof, as well as any other materials, that the Company or Mr. Williger received or prepared in connection with the provision of the services
                    until they were discontinued; the Management Company and Mr. Williger shall not retain any such information and/or materials or any copies of photocopies thereof.

                

        

      

      

      

      
        
          	

                	10.10	
                  In the event that the engagement with the Management Company is terminated for any reason whatsoever, the Company shall pay to the Management Company all the amounts it was entitled to receive under this agreement through the date of
                    termination of the agreement; the Management Company will not be entitled to any further payments and/or compensation in respect of the termination of the engagement.

                

        

      

      

      

      
        
          	11.	
                  The nature of the relationship between the parties

                

        

      

      

      

      
        
          	

                	11.1	
                  The Company, the Management Company and Mr. Williger, declare and approve, jointly and severally, that the services pursuant to this agreement shall be provided to the Company under Mr. Williger’s status as a self-employed person and
                    that there is no employer-employee relationship between the Company and/or anyone acting on its behalf and Mr. Williger, nor will there be such a relationship in the future. The Company and/or anyone acting on its behalf are not liable
                    towards Mr. Williger in connection with any duty, responsibility or liability, which an employer has towards its employees, including in relation to severance pay and/or any payment and/or right that an employee is entitled to under any
                    law and/or practice.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	11.2	
                  The Consideration and all other amounts payable in respect of the provision of the services specified in this agreement were determined, among other things, based on the assumption that the Management Company and Mr. Williger and/or
                    any of them are not employees of the Company. Therefore, it is expressly agreed that the Management Company and/or Mr. Williger shall indemnify the Company immediately upon first demand, for any lawsuit, if any, filed by Mr. Williger
                    and/or any of them and/or anyone acting on their behalf against the Company in connection with employer-employee relationship; indemnity will include the full amount specified in the lawsuit with the addition of interest, linkage
                    differences and any expense incurred by the Company in respect thereof; Mr. Williger shall be precluded from raising any claims against the Company with regard to any demand that the Company makes against him in connection with such a
                    lawsuit.

                

        

      

      

      

      
        
          	

                	11.3	
                  Without derogating from the aforesaid, if a competent authority, including a court (and an arbitrator or a mediator) decides that despite of the agreement between the parties there were employer-employee relationships between Mr.
                    Williger and the Company and/or a Company under its control and/or a related company thereof, then the Consideration in respect of the provision of the services shall amount to NIS 40 thousand in respect of 60% of a full-time position;
                    this provision will apply with retroactive effect as from the date of commencement of the engagement as specified in section 10.1 above, without the Management Company and/or Mr. Williger raising any claims in connection with the
                    aforesaid. In such a case, the parties will settle accounts as required from the determination of the nature of the relationship between them; and accordingly, all amounts that were paid in excess of the amount specified above in gross
                    terms shall be considered as contribution towards social benefits, other benefits and rights pertaining to employer-employee relationship.

                

        

      

      

      

      
        
          	12.	
                  Confidentiality and non-competition

                

        

      

      

      

      
        
          	

                	12.1	
                  The Management and Mr. Williger declare, warrant and approve, jointly and severally, that they are aware that all the information that they will receive due to and/or in the process of the provision of the services, including
                    information prepared by them and which pertains to the Company and/or its businesses and/or its clients and/or its matters and/or its activity and/or transactions, including potential transactions, the Company’s clients, work
                    procedures, clients list, supplier list and information relating thereto, Company’s shareholders and/or its employees, work methods, methodology, work relations ,etc. (hereafter –“the Information”),
                    is confidential and shall remain the exclusive property of the Company and can only be used and brought to the attention of the Management Company and Mr. Williger in connection with the provision of the services pursuant to this
                    agreement.

                

        

      

      

      

      
        
          	

                	12.2	
                  The Management Company and Mr. Williger undertake, jointly and severally, to use the Information only for the purpose of providing the services to the Company and to maintain full and complete confidentiality regarding the
                    Information, not disclose the Information to any third party and/or to publish it, whether directly or through others, and not to use it for any purpose other than the provision of the services to the Company.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	12.3	
                  The Management Company and Mr. Williger undertake, jointly and severally, that they will not remove from the Company’s offices any equipment, parts of equipment, documents, copies of documents, videos, photographic films, recording
                    tapes, software, programs, plans, drawings, working papers that belong to the Company, it clients and/or to other persons, bodies and/or entities related to the Company in any way and/or to copy and/or to otherwise duplicate, including
                    by way of magnetic duplication, such documents or information, unless they do so for the purpose of providing the services to the Company and/or in accordance with its instructions.

                

        

      

      

      

      
        
          	

                	12.4	
                  Without detracting from the above, the Management Company and Mr. Williger undertake, jointly and severally, that during the term of the agreement they will not address and/or contact and/or engage and/or provide services, whether
                    directly or indirectly, to Company’s present and former clients and/or suppliers and/or its employees and/or anyone to whom the Company rendered services and will not accept any approaches or proposals they receive therefrom.

                

        

      

      

      

      The provisions of this section shall also apply to business opportunities and/or business activities in the field of the Company’s activities and accordingly, the Management
        Company and Mr. Williger, jointly and severally, will refrain from communicating information regarding such opportunities or activities to any third party and will refrain from using those opportunities or activities for their own benefit.

      

      

      
        
          	

                	12.5	
                  The Management Company and Mr. Williger’s obligations regarding confidentiality and non-competition as set out above, shall apply both in relation to the Company and in relation to its related companies, as described above.

                

        

      

      

      

      
        
          	13.	
                  Applicable law

                

        

      

      

      

      This Agreement shall be governed by and construed solely in accordance with the applicable laws of the state of Israel. All parties irrevocably agree that the competent courts
        of Tel Aviv-Yafo shall have exclusive jurisdiction in any matter relating to this agreement and no other courts in any other city and/or country shall have jurisdiction to hear any matter arising from this agreement, related thereto or connected
        therewith.

      

      

      
        
          	14.	
                  Sundry

                

        

      

      

      

      
        
          	

                	14.1	
                  The parties undertake to act mutually and in good faith to achieve the correct, just and efficient execution of this agreement, and for that purpose the parties undertake to sign any document and to present themselves before any
                    authority, as required.

                

        

      

      

      

      
        
          	

                	14.2	
                  Any modification, amendment and/or addition to the agreement shall only become effective and considered as executed if they are agreed to in writing and signed by both parties.

                

        

      

      

      

      
        
          

      

       

      
        
          	

                	14.3	
                  No conduct by either party shall be deemed to be a waiver of any of its rights under this agreement and/or under any law, or as waiver or acceptance of any breach or non-fulfillment of the terms of the agreement by the other party or
                    as extension, deferral, modification, revocation or addition of any condition, unless agreed to expressly and in writing.

                

        

      

      

      

      
        
          	

                	14.4	
                  For purposes of this agreement, the addresses of the parties shall be the addresses set by the parties in the recital to this agreement.

                

        

      

      

      

      
        
          	

                	14.5	
                  This Agreement constitutes the entire agreement and understanding between the parties to this agreement regarding the subjects discussed therein and it supersedes any representation, agreement, negotiation, practice, letter of
                    understanding, memorandum of principle, proposal, plan, summary of discussion, letter of intent and an undertaking, whether written or oral, that had existed or exchanged between the parties regarding the said subjects prior to signing
                    this agreement.

                

        

      

      

      

      
        In witness whereof, the parties hereto affix their signatures

      

      
        

        

      

      	 	 	 
	 	 	 
	
              The Company

            	 	
              The Management Company

            
	 	 	 
	
              Approval by Mr. Williger

               

              I, the undersigned, Zwi Williger, i.d. no. 53339305, hereby undertake to comply with all the provisions of this agreement and particularly with all the provisions of a personal nature, including, but not only,
                the provisions of sections 3, 4, 11 and 12 and their subsections.

            
	 	 	 
	 	 	 
	 	 	
              Mr. Zwi Williger

            

      
        

        

        
          
            

        

      

       
      APPENDIX TO MANAGEMENT SERVICES AGREEMENT

       

      Made and signed in Yavne on the 3rd day of April 2019

       

      
        
          	BETWEEN:	
                  G. Willi-Food International Ltd.

                    Public company no. 520043209

                    Of 4 Nahal Harif Street, Yavne

                

        

      

      (hereafter: the “Company”)

              On the one hand;

      

      

      
        
          	AND	
                           Zvi V. & Co Company Ltd.

                

        

      

      private company no. 512715970

      Of 4 Nahal Harif Street, Yavne

      (hereafter: the “Management Company”)

      

      

             On the other hand;

      

      

      
        
          	Whereas:	
                  The Company is a public company engaged in the import, marketing and distribution of food products;

                

        

      

      

      

      
        
          	Whereas:	
                  The Management Company is a private company owned by Mr. Joseph Williger, i.d. no. 53339305 (hereafter: “Mr. Williger”);

                

        

      

      

      

      
        
          	Whereas:	
                  On April 24, 2018, an agreement for the provision of management services was signed between the parties (hereafter: the “Services Agreement”) in accordance with the approval of the General
                    Meeting of the Company;

                

        

      

      

      

      
        
          	Whereas:	
                  On April 3, 2019, the General Meeting of the Company approved the amendment of the terms of the agreement between the parties for a period of additional 3 years (three years).

                

        

      

      

      

      Now therefore, the parties agree, declare and warrant as follows:

      

      

      The following sections shall be updated commencing from January 1, 2019:

      

      

      
        
          	5.	
                  Section 3.2 to the Services Agreement shall be updated as follows:

                

        

      

      The services shall be provided at the scope required from time to time, which shall not be less than the equivalent to full time position.

      

      

      
        
          	6.	
                  Section 6.1 to the Services Agreement shall be updated as follows:

                

        

      

      The Management Company shall be entitled to a consideration of NIS 100,000 per month plus VAT in respect of the provision of the services to the Company and the fulfilment of all
        Management Company’s obligations pursuant to this agreement.

      

      

      
        
          	7.	
                  Section 8.1 to the Services Agreement shall be updated as follows:

                

        

      

      If the Company’s annual consolidated operating profit amounts to NIS 20 million or more, before payment of bonuses to Company’s office holders, the Management Company shall be
        entitled to payment of a graduated annual bonus, as specified in the Services Agreement.

      

      

      
        
          

      

      
        
          	8.	
                  Section 8.2 to the Services Agreement shall be updated as follows:

                

        

      

      To remove any doubt, the annual bonus amount for each year will not exceed a total of NIS 1,500,000.

      

      

      
        In witness whereof, the parties hereto affix their signatures

      

      
        

        

      

      	 	 	 
	
              The Company

            	 	
              The Management Company

            
	 	 	 
	
              Approval by Mr. Williger

               

              I, the undersigned, Zwi Williger, i.d. no. 53339305 , hereby undertake to comply with all the provisions of this agreement and particularly with all the provisions of a personal nature.

            
	 	 	 
	 	 	 
	 	 	
              Mr. Zwi WilligerExhibit 4.7

      

       

      

      DESCRIPTION OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF 

      THE SECURITIES EXCHANGE ACT OF 1934

      

      

      This section summarizes certain information regarding the ordinary shares, NIS 0.10 par value per share (the “Ordinary Shares”) of G. Willi-Food International Ltd. (the “Company”). The
          Ordinary Shares constitute the only class of the Company’s securities that is registered under Section 12 of the Securities Exchange Act of 1934, as amended. The following descriptions of our Ordinary  Shares and provisions of our
        memorandum of association, as amended (the “Memorandum”), and our articles of association, as amended (the “Articles”), are summaries and do not purport to be complete and are qualified by refence to the Articles, which are filed with
        the Securities and Exchange Commission as an exhibit to our annual report on Form 20-F.

      

      

      
        Purposes and Objects of the Company

        

        

      

      
        We are an Israeli public company registered under the Israeli Companies Law as G. Willi-Food International Ltd., registration number 52-004320-9.

      

      
         

      

      
        On March 20, 2014, shareholders approved an amendment to Article 6 of our Articles changing the objectives of the Company from engaging in importing, exporting and marketing of
          products and other commodities to engaging in any lawful activity. Our Board of Directors is empowered to embark on or withdraw from any business in which we deal. Under our Articles, our Board of Directors is entitled to donate reasonable
          amounts to worthy causes, even if such donation is not within the framework of our business considerations.

      

      
         

        The Powers of Directors

        

        

      

      
        The powers of a director to vote on a proposal, arrangement or contract in which such director is materially interested is limited by the relevant provisions of the Israeli
          Companies Law. In addition, the power of the directors to vote compensation to themselves or any members of their body requires the approval of the Compensation Committee, the Board of Directors and, unless approved in accordance with Article 1B(5) of the Israeli Companies Regulations (Relief with Respect to Transactions with Interested Parties), 2000, the shareholders at a general meeting. Compensation and indemnification of
          expenses of external directors must be in accordance with the applicable provisions of the Israeli Companies Law.

      

      
         

      

      
        The Israeli Companies Law and our Articles require that a director or office holder (as defined in the Israeli Companies Law) promptly
          disclose, either at a Board meeting or by way of a general notice, any personal interest that he or she may have and all related material information know to him or her in connection with any existing or proposed transaction by the Company. In
          addition, if the transaction is an extraordinary transaction (as defined in the Israeli Companies Law), the member of the Board of Directors or office holder, must also disclose any personal interest held by his or her spouse, siblings, parents,
          grandparents, descendants, spouse’s descendants and the spouses of any of the foregoing.

      

      
         

      

      
        Once the director or office holder complies with the above disclosure requirements, the Company may approve the transaction in accordance with the provisions of the Articles. 
          If the transaction is with a third party in which the member of the Board of Directors or office holder has a potential interest, the approval must confirm that the transaction is not adverse to the Company’s interest.  Furthermore, if the
          transaction is an extraordinary transaction, then, in addition to any approval stipulated by the Articles, it also must be approved by the Audit Committee and then by the Board of Directors, and, under certain circumstances, by a meeting of the
          shareholders of the Company. 

      

      
         

      

      
        Directors with respect to whom the foregoing matters are brought for Board of Directors or Audit Committee approval are not entitled to be present during discussions of, nor to
          participate in the vote for approval of, such matters at Board and/or Audit Committee meetings, unless a majority of Audit Committee or Board members, as the case may be, have a personal interest in such matter or the matter involves
          non-extraordinary transactions between the Company and either a director or a third party in which a director has a personal interest. The Israeli Companies Law further provides that in the event that a majority of Board members have a personal
          interest in such a matter, shareholder approval is also required.

      

      
         

        
          
            

        

         

      
         

        The Articles provide that the Board of Directors, subject to the Israeli Companies Law, may, at its discretion from time to time in accordance with the needs of the Company,
          make decisions to borrow and/or obtain credit facilities in any amount and to secure the repayment thereof either by mortgage, charge or other security on the Company’s undertakings or on its property, in whole or in part (both existing and
          future) including the share capital of the Company which is, at the time, uncalled.

      

      
         

        Subject to applicable provisions of the Israeli Companies Law regarding matters that the Board of Directors may not delegate to a committee or matters for which a committee may
          only make recommendation to the Board of Directors, the Board of Directors may delegate its powers to committees consisting of at least three directors, including at least one External Director. A resolution passed or an action taken by a
          directors’ committee has the same validity as a resolution passed or an action taken by the Board of Directors, unless otherwise specifically expressed in the resolution of the Board of Directors that established said committee.

      

      
         

        Rights Attached to Shares

      

      
         

        The Company is authorized to issue 49,893,520 Ordinary Shares, par value NIS 0.10 and 106,480 Preferred Shares, par value NIS 0.10, each ranking pari passu. The Company may
          alter the share capital of the Company in accordance with the provisions of the Israeli Companies Law and the Articles. The rights attached to the Company’s Ordinary Shares are as follows:

      

      
         

        Dividend Rights

      

      
        

        

        Holders of Ordinary Shares are entitled to participate pari passu with all other shareholders of the Company’s Ordinary Shares in any distribution of a dividend, whether in
          cash, assets, or in any other legal form, declared, as well as the right to participate pari passu with all other holders of our Ordinary Shares in the distribution of bonus shares resolved by the Company. The Articles note that a shareholder
          shall not be entitled to receive a dividend or bonus shares as above, and shall not be entitled to exercise any right as a shareholder unless he has paid in full all notices of call delivered to him, together with linkage differences, interest
          and expenses owed, as applicable, on calls which have not been paid by him on time.

      

      
         

        Voting Rights

      

      
         

        Holders of Ordinary Shares of the Company have the right to receive notices of general meetings of the Company, to be present, and to participate and vote therein. Each holder
          of Ordinary Shares in the Company has the right to one vote per share in the general meetings of the Company on all matters submitted to a vote of shareholders. A shareholder may vote in person, via proxy, or by means of a written form (“Voting
            Instrument”) described in the Articles. Any resolution of the Company in a general meeting shall be deemed duly passed if passed by a simple majority of registered shareholders present and voting, unless a different majority is required by
          the Israeli Companies Law or the Articles.

      

      
         

        Under the Articles, the directors (who are not external directors) are elected annually by the registered shareholders at the annual meeting. Such directors hold office until
          the conclusion of the next annual meeting or until their earlier removal or resignation. In addition, at least two external directors who comply with the qualifications described in the Israeli Companies Law must serve on the Board of Directors.
          External directors are appointed by a majority vote at a general meeting, provided that: (i) the majority vote includes at least a majority of the shares of non-controlling shareholders who do not have a personal interest in the appointment
          (excluding a personal interest not resulting from the shareholder's relation with the controlling shareholder), as described in the Israeli Companies Law, voted at the meeting, with abstentions not taken into consideration in calculating the
          total number of the non-controlling shareholders, and (ii) the total number of shares of such non-controlling shareholders referred to in clause (1) voting against the resolution appointing an external director is not more than two percent (2%)
          of the overall voting rights in the Company. External directors are appointed for a term of three years and their office may be extended by a resolution of the general meeting for an additional two three-year terms. An external director may be
          removed from office only in accordance with the relevant provisions of the Israeli Companies Law.

         

        
          2

          
            

        

      

      
         

        If no directors are elected at an annual meeting, then the persons who served as directors immediately prior to the annual meeting will continue to serve as directors unless
          otherwise determined by the annual meeting or by the Board of Directors. A director who has ceased to serve in office is eligible for reelection. The Board of Directors has the power to appoint additional directors to fill a vacancy, so long as
          the number of directors will not exceed a number of directors approved at a general meeting. Any director so appointed will hold office until the conclusion of the next annual meeting unless he is removed or resigns earlier.

      

      
         

        Rights in the Company’s Profits

      

      
         

        The shareholders of the Company have the right to share in the Company’s profits distributed as a dividend and any other permitted distribution.

      

      
         

        Rights in the Event of Liquidation

      

      
         

        Holders of Ordinary Shares are entitled to receive any return of capital, pari passu, with all other ordinary shareholders, upon the dissolution of the Company. Holders of
          Ordinary Shares are also entitled to participate, pari passu, with all other ordinary shareholders in the distribution of the surplus of the Company’s assets available for distribution in the event of dissolution of the Company which remain after
          the Company has paid the holders of Ordinary Shares all amounts payable as return of capital.

      

      
         

        Liability to Further Capital Calls by the Company

      

      
         

        If the terms of allotment of any shares of the Company do not specify a particular date for the payment of all of the consideration which is to be paid therefore, or any part
          thereof, our Board of Directors may, from time to time, as it deems fit, make calls on the shareholders in respect of the amounts not yet paid for their shares, whether on account of the par value of the shares or on the account of the premium,
          and each shareholder shall be obligated to pay the Company the amount so demanded from him not later than the date of payment set forth in the notice containing the call.  Shareholders shall be given prior notice of at least fourteen days in
          respect of any call.  In the event that amounts set forth in the call have not been paid in whole or in part as of the date of payment set forth in the call, the shareholders shall be obligated to pay linkage differences or interest (or both) on
          the outstanding amounts, as determined by the Board of Directors.

      

      
         

        Changing Rights Attached to Shares

      

      
         

        Under the Articles, the Company may, by resolution of a general meeting, vary the rights attached to any class of shares on the Company’s stamp or its printed name (unless
          otherwise determined in the terms of issue of the shares of such class), after obtaining the written consent of the holders of the majority of the issued shares of said class or with the approval of a resolution duly passed at a class meeting of
          the holders of such class of shares.

          

        

      

      
        Trading of the Ordinary Shares

         

      

      Our Ordinary Shares are traded on the Nasdaq Capital Market.

      
        

        

        Annual and Special Meetings

      

      
         

        The Board of Directors must convene an annual meeting at least once every calendar year, within fifteen months of the preceding general meeting, at a place prescribed by the
          Board so long as it is in the State of Israel. Per the Articles and subject to the provisions of the Israeli Companies Law, notices to shareholders regarding the convocation of a general meeting are to be published in two daily Hebrew language
          newspapers circulated in Israel. Notice need not be served to our shareholders on an individual basis.

         

        
          3

          
            

        

      

      
         

        The Board of Directors will convene a special meeting upon receipt of a written request from either (i) two directors or 25% of the total number of directors; (ii) one or more
          shareholders holding at least 5% of the issued share capital and at least 1% of the shareholders’ voting power; or (iii) one or more shareholders holding no less than 5% of the Company’s issued voting shares. If the Board is required to convene a
          special meeting, it shall convene it at a time which is at least 21 days, but not longer than 35 days after the date of the notice of convening such meeting. In the event that the Board of Directors does not convene a special meeting within the
          timeframe set forth above, those that submitted the request for such meeting, or part of them representing more than one-half of the voting rights of all of them, may convene the special meeting themselves, provided that such meeting is held
          within three months of the time when the special meeting was requested.

      

      
         

        Limitations on the Rights to Own Securities

      

      
         

        The Articles do not place limitations on the rights to own securities.  Under the Articles no limitations apply to the transfer of shares in the Company and the number of
          shareholders is unlimited.

      

      
         

        Changes in the Company’s Capital

      

      
         

        Changes in the capital of the Company are subject to the approval by ordinary majority of the shareholders at a general meeting, Shareholders may resolve to increase the
          authorized share capital; consolidate our share capital and divide it into shares of greater value than existing shares; divide existing shares into shares of lesser value; cancel any authorized share capital which has not yet been allotted
          (provided there is no undertaking to allot such share capital); or reduce the capital by way of a distribution if such distribution has been approved by a court, in accordance with the relevant provisions of the Israeli Companies Law. If the
          shareholders resolve to increase the share capital, the new shares will be subject to the same provisions applicable to the shares of the original capital.

      

      
         

        Neither the Memorandum nor the Articles of the Company nor the laws of the State of Israel restrict in any way the ownership or voting of Ordinary Shares by non-residents of
          Israel, except with respect to citizens of countries which are in a state of war with Israel.

         

          4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}]]