Document:

F-1

Exhibit 4.12  

Amendment to Registration Rights Agreement of January 1, 2007 between Elbit Vision

Systems Ltd. ("EVS") and Elbit Ltd. ("Elbit") (collectively the "Parties") 

Whereas Elbit, and EVS entered into a
Registration Rights Agreement dated January 1, 2007 (the “Agreement”); 

Whereas the parties mutually wish to
amend the terms of the Agreement upon the terms more particularly set forth in this
document (“Amendment”); 

Whereas EVS and a group of Buyers
lead by Tamir Fishman Provident And Education Funds Ltd. (collectively the
“Buyers”) entered into a Securities Purchase Agreement dated April 30,
2007 (“SPA”) 

Now
therefore the parties have agreed as follows:  

	 	1.	The
terms defined in this Amendment will have the same meaning in the Agreement,
          unless expressly stated otherwise. 

	 	2.	This
Amendment will be considered to have entered into force on and as of April           30,
2007. 

	 	3.	Section
1(a) of the Agreement is hereby amended by its entire deletion and           replacement
with the following: 

	 	“(a)       

                     The Company shall file with the United States Securities and
Exchange                     Commission (the “SEC”) a registration
statement on Form F-1 or                     Form F-3 under the 1933 Act, as determined
in the sole discretion of the                     Company, with respect to (i) the
registration of the Shares together with (ii)                     the registration for
resale of up to 9,600,000 ordinary shares sold to the                     Buyers pursuant
to the SPA (the “Purchased Shares”) (the “Registration Statement”);
provided, that in the event the                     Company files a registration
statement for its benefit and/or for the benefit of                     selling
shareholders, other than a registration of securities in a Rule 145
                    transaction or with respect to an employee benefit plan, prior to the
date on                     which the Registration Statement is filed (the “Company
Registration Statement”), then (i) the Company shall notify Elbit a
                    reasonable time in advance of the planned filing date, and (ii) Elbit
shall be                     permitted to include some or all of the Shares in such
registration statement,                     provided that Elbit notifies the Company in
writing in a timely fashion, of its                     desire, and number of Shares, to
be included in such registration statement. The                     Company shall provide
Elbit a reasonable time to review and comment on the                     Registration
Statement (and any amendments or supplements) before it is filed.
                    Notwithstanding the aforementioned, in the event that the SEC
requires a                     reduction in the number of shares registered in the
Registration Statement, all                     of the Shares of Elbit shall be excluded
from the Registration Statement prior                     to the exclusion of any of the
Purchased Shares (as defined in the SPA) but                     after exclusion of any
other securities of the Company. Any Shares not                     registered in the
Registration Statement shall be registered in a registration
                    statement to be filed on the earliest practicable date following the
effective                     registration for resale of all of the Purchased Shares (as
defined in the SPA)                     sold pursuant to the SPA (the “Second
Registration Statement”),                     unless otherwise required by the
SEC. In the event that the SEC requires a                     reduction in the number of
shares registered in the Second Registration                     Statement, all of the
Shares of Elbit not registered in the Registration                     Statement shall be
registered in the Second Registration Statement prior to any                     other
securities of the Company other than the remainder, if any, of any
                    Purchased Shares not registered in the Registration Statement.” 

	 	4.	A
Section 1(j) shall be added to the Agreement immediately following the
          provision at Section 1(i) as follows: 

	 	
If
(i) the Registration Statement or Second Registration Statement (if applicable) covering
the Shares required to be filed by the Company pursuant to this Agreement is (A) not
filed with the SEC by July 31, 2007 (with respect to the Registration Statement or (with
respect to the Second Registration Statement) within one week following the sixth month
anniversary of the date of effectiveness of the registration statement covering the
Purchased Shares issued pursuant to the SPA (a “Filing Failure”) or (B)
the Company has not filed a response, to any questions, comments, demands, or any other
requests of the SEC with the SEC (the “Response”) within thirty (30)
days of receipt of the same (an “Efforts Failure”) or (ii) on any day
after such Registration Statement or Second Registration Statement (if applicable) has
been declared effective by the SEC, sales of all the Shares required to be included on
such Registration Statement or Second Registration Statement (if applicable) cannot be
made (other than during an Allowable Grace Period (as defined below) pursuant to such
Registration Statement or Second Registration Statement (if applicable) (including,
without limitation, because of a failure to keep such Registration Statement effective,
to disclose such information as is necessary for sales to be made pursuant to such
Registration Statement or Second Registration Statement (if applicable) or to register
sufficient ordinary shares) (a “Maintenance Failure”), then, as relief
for the damages to Elbit by reason of any such delay in or reduction of its ability to
sell the underlying ordinary shares (which remedy shall be exclusive of any other
remedies available at law or in equity, subject to the exception for non-exclusive
remedies below in this paragraph), the Company shall pay Elbit relating to such
Registration Statement or Second Registration Statement (if applicable): on the earlier
of the last day of each 30 day period after a Filing Failure, an Efforts Failure or the
initial day of a Maintenance Failure, as the case may be, until such Filing Failure,
Efforts Failure or Maintenance Failure is cured, or on the third business day (in Israel)
after any such Filing Failure, Efforts Failure or Maintenance Failure is cured, an amount
in cash equal to 1% of the product of the number of Shares required to be covered by the
Registration Statement or Second Registration Statement (if applicable) multiplied by
$0.315 (or a prorated daily amount for a period of less than a month). In the event the
Company fails to make any payments pursuant to this Section 1(j) in a timely manner, such
payments shall bear interest at the rate of 1.0% per month, or such lower maximum amount
as is permitted by law, (prorated for partial months) until paid in full. Notwithstanding
the foregoing, if a Filing Failure, an Efforts Failure, or a Maintenance Failure, results
from the Company not exerting its best efforts to avoid any such failure, then the remedy
set forth above shall be non-exclusive of any other remedies available at law or in
equity. Notwithstanding anything herein to the contrary, the provisions of this 1(j),
shall not apply in the event that delays in registration of the Registrable Securities
are the result of an SEC requirement to reduce the number of Registrable Securities which
can be covered by the Registration Statement or Second Registration Statement (if
applicable). Furthermore, notwithstanding anything to the contrary herein, at any time
after the Registration Statement or Second Registration Statement (if applicable) has
been declared effective by the SEC, the Company may delay the disclosure of material
non-public information concerning the Company the disclosure of which at the time is not,
in the good faith opinion of the Board of Directors of the Company and its counsel, in
the best interest of the Company and, in the opinion of counsel to the Company, otherwise
required (a “Grace Period”); provided, that the Company shall promptly
(i) notify the Elbit in writing of the existence of a Grace Period in conformity with the
provisions of this Section 1(j) (provided that in each notice the Company will not
disclose the content of such material non-public information to Elbit) and the date on
which the Grace Period will begin, and (ii) notify Elbit in writing of the date on which
the Grace Period ends; and, provided further, that no Grace Period shall exceed ten (10)
consecutive days and during any three hundred sixty five (365) day period such Grace
Periods shall not exceed an aggregate of thirty (30) days and the first day of any Grace
Period must be at least two (2) trading days after the last day of any prior Grace Period
(each, an “Allowable Grace Period”). For purposes of determining the
length of a Grace Period above, the Grace Period shall begin on and include the date
Elbit receives the notice referred to in clause (i) and shall end on and include the
later of the date Elbit receives the notice referred to in clause (ii) and the date
referred to in such notice. The provisions of Section 1(j) hereof shall not be applicable
during the period of any Allowable Grace Period.  

- 2 -

	 	5. 	A
Section 4.9 shall be added to the Agreement as follows: 

	 	“4.9       

Any reference to the term “Registration Statement” in this Agreement shall be
deemed to include where applicable, the “Second Registration Statement”.  

	 	6.	Except
as set forth herein, the provisions of the Agreement shall remain           unchanged and
in full force and effect. 

	 	7.	This
amendment shall be governed and construed according to the laws of the           State of
Israel. Any dispute arising under or in relation to this Agreement           shall be
resolved in the competent court for Tel Aviv-Jaffa district, and each           of the
parties hereby submits irrevocably to the jurisdiction of such court. 

IN WITNESS WHEREOF the parties have
signed this Registration Rights Agreement Amendment as of the date set forth below. 

	 	 ELBIT LTD.

By: _________________

Name: _______________

 Title: ________________

Date: ________________	ELBIT VISION SYSTEMS LTD.

By: _________________

Name: _______________

 Title: ________________

Date: ________________

- 3 -F-1

Exhibit 4.13  

REGISTRATION RIGHTS
AGREEMENT 

        THIS
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of June 21,
2007, is made by and among Elbit Vision Systems Ltd., a company organized under the laws
of Israel, with headquarters located at 1 Hayasur Street, Hasharon Industrial Park,
Kadima, P.O.B. 5030, Israel (the “Company”) and Elbit Ltd., a company
organized under the laws of the State of Israel, of 3 Azrieli Center, Tel-Aviv, Israel
(“Elbit”). 

WHEREAS: 

     A.
          Pursuant to a certain Share Purchase Agreement between the Company and Elbit,
          dated June_, 2007, the Company has issued to Elbit the number ordinary shares of
          the Company nominal value NIS 1.0 (the “Ordinary Shares”) and
          warrants to purchase ordinary shares of the Company nominal value NIS 1.0 (the
          “Warrant Shares”), set forth in Schedule 1
          hereto 

     B.
          The Company has agreed to provide Elbit with certain registration rights with
          respect to the Ordinary Shares and Warrant Shares, under the Securities Act of
          1933, as amended, and the rules and regulations thereunder, or any similar
          successor statute (collectively, the “1933 ACT”), and applicable state
          securities laws. 

        NOW,
THEREFORE, in consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Elbit hereby agree as follows: 

         1.       
          DEFINITIONS. 

        As
used in this Agreement, the following terms shall have the following meanings: 

        a.
          “BUSINESS DAY” means any day other than Saturday, Sunday or any other
          day on which commercial banks in The City of New York are authorized or
required           by law to remain closed.  

        b.
          “INVESTOR” means Elbit, any transferee or assignee thereof to whom
          Elbit assigns its rights under this Agreement and who agrees in writing to
          become bound by the provisions of this Agreement and any transferee or assignee
          thereof to whom a transferee or assignee assigns its rights under this
Agreement           and who agrees in writing to become bound by the provisions of this
Agreement.  

        c.
          “PERSON” means an individual, a limited liability company, a
          partnership, a joint venture, a corporation, a trust, an unincorporated
          organization and governmental or any department or agency thereof.  

        d.
          “REGISTER,” “REGISTERED,” and “REGISTRATION” refer
          to a registration effected by preparing and filing one or more Registration
          Statements (as defined below) in compliance with the 1933 Act and pursuant to
          Rule 415 under the 1933 Act or any successor rule providing for offering
          securities on a continuous or delayed basis (“RULE 415”), and the
          declaration or ordering of effectiveness of such Registration Statement(s) by
          the United States Securities and Exchange Commission (the           “SEC”).  

1

        e.
          “REGISTRABLE SECURITIES” means (i) the Ordinary Shares, (ii) the
          Warrant Shares issued or issuable upon exercise of the Warrants and (iii) any
          shares issued or issuable with respect to the Ordinary Shares, the Warrant
          Shares or the Warrants as a result of any share split, share dividend,
          recapitalization, exchange or similar event or otherwise, without regard to any
          limitations on exercise of the Warrants.  

        f.
          “REGISTRATION STATEMENT” means a registration statement or
          registration statements of the Company filed under the 1933 Act covering the
          Registrable Securities.  

        Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings set
forth in the Securities Purchase Agreement. 

         2.       
          REGISTRATION. 

        a.
          MANDATORY REGISTRATION. The Company shall use its best efforts to prepare and
          file with the SEC, by July 31, 2007 a Registration Statement on Form F-3,
          covering the resale of all of the Registrable Securities. In the event that
Form           F-3 is unavailable for such a registration, the Company shall use such
other           form as is available for such a registration. The Registration Statement
          prepared pursuant hereto shall register for resale all of the Ordinary Shares
          and Warrant Shares.  

        b.
          ALLOCATION OF REGISTRABLE SECURITIES. In the event that the SEC requires that
in           order for the Registration Statement to be declared effective, the number of
          Registrable Securities included in the Registration Statement be reduced, then
          there shall be excluded from such registration Registrable Securities held by
          the Investor and registrable securities that are held by Mivtach Shamir
Holdings           Ltd., or any affiliate thereof, included in such registration, pro
rata among           them, to the extent necessary to satisfy such limitation.  

        c.
          ADDITIONAL REGISTRATION STATEMENT. In the event that Company reduces the number
          of Registrable Securities covered by Registration Statement described in
Section           2b, pursuant to the circumstances set forth in Section 2b, the Company
shall           file a new Registration Statement (on the short form available therefor,
if           applicable), so as to cover the remaining Registrable Securities as soon as
          practicable after the remaining Registrable Securities may be covered by a new
          Registration Statement.  

         3.       
          OBLIGATIONS OF THE INVESTOR. 

        a.
          At least seven (7) Business Days prior to the first anticipated filing date of
a           Registration Statement, the Company shall notify the Investor in writing of
the           information the Company requires from the Investor if the Investor elects
to           have any of the Investor’s Registrable Securities included in such
          Registration Statement. It shall be a condition precedent to the obligations of
          the Company to complete the registration pursuant to this Agreement with
respect           to the Registrable Securities of an Investor that the Investor shall
furnish to           the Company such information regarding itself, the Registrable
Securities held           by it and the intended method of disposition of the Registrable
Securities held           by it as shall be reasonably required to effect the
effectiveness of the           registration of such Registrable Securities and shall
execute such documents in           connection with such registration as the Company may
reasonably request. All           information provided to the Company by the Investor
pursuant to this Section           3(a) shall be in writing, and such writing shall
expressly acknowledge that the           information is being provided for use in
connection with the preparation of the           Registration Statement or any such
amendment thereof or supplement thereto.  

2

        b.
          The Investor, by its acceptance of the Registrable Securities, agrees to
          cooperate with the Company as reasonably requested by the Company in connection
          with the preparation and filing of any Registration Statement hereunder, unless
          the Investor has notified the Company in writing of the Investor’s
election           to exclude all of the Investor’s Registrable Securities from such
          Registration Statement.  

        c.
          The Investor covenants and agrees that it will comply with the prospectus
          delivery requirements of the 1933 Act as applicable to it in connection with
          sales of Registrable Securities pursuant to a Registration Statement.  

    4.        EXPENSES. 

The Company shall bear all expenses
in connection with the registration procedures set forth in Sections 1 and 2 above, other
than fees and expenses, if any, of counsel or other advisers to the Investor or
underwriting discounts, brokerage fees and commissions incurred by the Investor, if any. 

         5.       
          INDEMNITIES. In the event of any registered offering of Ordinary Shares of the
          Company pursuant to this Agreement: 

        a.
          The Company will indemnify and hold harmless, to the fullest extent permitted
by           law, the Investor, the directors, officers, partners, employees, agents,
          representatives or and each person, if any, who controls the Investor (each an
          “Indemnitee”) from and against any and all losses, damages,
          claims, liabilities, joint or several, costs and expenses (including any
amounts           paid in any settlement effected with the Company’s consent) to
which an           Indemnitee may become subject under applicable law or otherwise,
insofar as such           losses, damages, claims, liabilities (or actions or proceedings
in respect           thereof), costs or expenses arise out of or are based upon (i) any
untrue           statement or alleged untrue statement of any material fact contained in
the           registration statement or included in the final prospectus, as amended or
          supplemented, or (ii) the omission or alleged omission to state therein a
          material fact required to be stated therein or necessary to make the statements
          therein, in the light of the circumstances in which they are made, not
          misleading, and the Company will reimburse an Indemnitee, promptly upon demand,
          for any reasonable legal or any other expenses incurred by them in connection
          with investigating, preparing to defend or defending against or appearing as a
          third-party witness in connection with such loss, claim, damage, liability,
          action or proceeding; provided, however, that the Company will
not           be liable in any such case to the extent that any such loss, damage,
liability,           cost or expense arises out of or is based upon an untrue statement
or alleged           untrue statement or omission or alleged omission so made in
conformity with           information furnished in writing by such Indemnitee; provided,
further, that the indemnity agreement contained in this           subsection 5(a)
shall not apply to amounts paid in settlement of any such           claim, loss, damage,
liability or action if such settlement is effected without           the consent of the
Company, which consent shall not be unreasonably withheld.  

3

        b.
          The Investor will indemnify and hold harmless the Company, any underwriter for
          the Company, and each person, if any, who controls the Company or such
          underwriter, from and against any and all losses, damages, claims, liabilities,
          costs or expenses (including any amounts paid in any settlement effected with
          the selling shareholder’s consent) to which the Company or any such
          controlling person and/or any such underwriter may become subject under
          applicable law or otherwise, insofar as such losses, damages, claims,
          liabilities (or actions or proceedings in respect thereof), costs or expenses
          arise out of or are based on (i) any untrue or alleged untrue statement of
          any material fact contained in the registration statement or included in the
          prospectus, as amended or supplemented, or (ii) the omission or the
alleged           omission to state therein a material fact required to be stated therein
or           necessary to make the statements therein, in the light of the circumstances
in           which they were made, not misleading, and the Investor will reimburse the
          Company, any underwriter and each such controlling person of the Company or any
          underwriter, promptly upon demand, for any reasonable legal or other expenses
          incurred by them in connection with investigating, preparing to defend or
          defending against or appearing as a third-party witness in connection with such
          loss, claim, damage, liability, action or proceeding; in each case to the
          extent, but only to the extent, that such untrue statement or alleged untrue
          statement or omission or alleged omission was so made in strict conformity with
          written information furnished by the Investor specifically for inclusion
          therein. The foregoing indemnity agreement is subject to the condition that,
          insofar as it relates to any such untrue statement (or alleged untrue
statement)           or omission (or alleged omission) made in the preliminary prospectus
but           eliminated or remedied in the amended prospectus at the time the
registration           statement becomes effective or in the final prospectus, such
indemnity agreement           shall not inure to the benefit of (i) the Company and
(ii) any           underwriter, if a copy of the final prospectus was not furnished
to the person           or entity asserting the loss, liability, claim or damage at or
prior to the time           such furnishing is required by the 1933 Act; provided,
further,           that this indemnity shall not be deemed to relieve any
underwriter of any of its           due diligence obligations; provided, further,
that the indemnity           agreement contained in this subsection 5(b) shall not
apply to amounts paid           in settlement of any such claim, loss, damage, liability
or action if such           settlement is effected without the consent of the Investor,
which consent shall           not be unreasonably withheld.  

        c.
          Promptly after receipt by an indemnified party pursuant to the provisions of
          Sections 5(a) or 5(b) of notice of the commencement of any action involving the
          subject matter of the foregoing indemnity provisions, such indemnified party
          will, if a claim thereof is to be made against the indemnifying party pursuant
          to the provisions of said Section 5(a) or 5(b), promptly notify the
indemnifying           party of the commencement thereof; but the omission to notify the
indemnifying           party will not relieve it from any liability which it may have to
any           indemnified party otherwise than hereunder, except to the extent that the
          indemnifying party is prejudiced in its ability to defend such action. In case
          such action is brought against any indemnified party and it notifies the
          indemnifying party of the commencement thereof, the indemnifying party shall
          have the right to participate in, and, to the extent that it may wish, jointly
          with any other indemnifying party similarly notified, to assume the defense
          thereof with counsel reasonably satisfactory to such indemnified party; provided,
however, that if the defendants in any action include           both the
indemnified party and the indemnifying party and there is a conflict of
          interests which would prevent counsel for the indemnifying party from also
          representing the indemnified party, the indemnified party or parties shall have
          the right to select one separate counsel to participate in the defense of such
          action on behalf of such indemnified party or parties. After notice from the
          indemnifying party to such indemnified party of its election so to assume the
          defense thereof, the indemnifying party will not be liable to such indemnified
          party pursuant to the provisions of said Sections 5(a) or 5(b) for any legal or
          other expense subsequently incurred by such indemnified party in connection
with           the defense thereof, unless (i) the indemnified party shall have employed
          counsel in accordance with the provision of the preceding sentence, (ii) the
          indemnifying party shall not have employed counsel reasonably satisfactory to
          the indemnified party to represent the indemnified party within a reasonable
          time after the notice of the commencement of the action and within fifteen (15)
          days after written notice of the indemnified party’s intention to employ
          separate counsel pursuant to the previous sentence, or (iii) the indemnifying
          party has authorized the employment of counsel for the indemnified party at the
          expense of the indemnifying party. No indemnifying party will consent to entry
          of any judgment or enter into any settlement which does not include as an
          unconditional term thereof the giving by the claimant or plaintiff to such
          indemnified party of a release from all liability in respect to such claim or
          litigation.  

4

         6.       
          AMENDMENT OF REGISTRATION RIGHTS. 

        Provisions
of this Agreement may be amended and the observance thereof may be waived (either
generally or in a particular instance and either retroactively or prospectively), only
with the written consent of the Company and the Investor. Any amendment or waiver effected
in accordance with this Section 6 shall be binding upon the Investor and the Company. No
such amendment shall be effective to the extent that it applies to less than all of the
holders of the Registrable Securities. No consideration shall be offered or paid to any
Person to amend or consent to a waiver or modification of any provision of any of this
Agreement unless the same consideration also is offered to all of the parties to this
Agreement. 

         7.       
          MISCELLANEOUS. 

        a.
          A Person is deemed to be a holder of Registrable Securities whenever such
Person           owns or is deemed to own of record such Registrable Securities. If the
Company           receives conflicting instructions, notices or elections from two or
more Persons           with respect to the same Registrable Securities, the Company shall
act upon the           basis of instructions, notice or election received from the record
owner of such           Registrable Securities.  

        b.
          Any notices, consents, waivers or other communications required or permitted to
          be given under the terms of this Agreement must be in writing and will be
deemed           to have been delivered: (i) upon receipt, when delivered personally;
(ii) upon           receipt, when sent by facsimile (provided confirmation of
transmission is           mechanically or electronically generated and kept on file by
the sending party);           or (iii) one Business Day after deposit with a nationally
recognized overnight           delivery service, in each case properly addressed to the
party to receive the           same. The addresses and facsimile numbers for such
communications shall be:  

If to the Company: 

			
		Elbit Vision Systems Ltd.

1 Hayasur Street,

Hasharon Industrial Park,

Kadima, P.O. Box 60920,

Israel
		Telephone:
Fax: 	972-9-866 1610

972-9-866 1700

5

	 	
With
a copy to (which shall not constitute notice): 

			
		Yigal Arnon & Co.

One Azrieli Center, Round Tower, Tel Aviv, Israel
		Telephone:

Facsimile:

Attention:	+(972)-3-608-7864

+(972)-3-608-7714

Adrian Daniels, Adv.

	 	
If
to Elbit : 

			
		3 Azrieli Center

Tel-Aviv,

Israel
		Telephone:

Fax:

Attn:	+(972) 3-607-5518

+(972) 3-608-5556

General Counsel

        c.
          Failure of any party to exercise any right or remedy under this Agreement or
          otherwise, or delay by a party in exercising such right or remedy, shall not
          operate as a waiver thereof.  

        d.
          This Rights Agreement shall be governed by and construed in accordance with the
          internal laws of the State of Israel, without giving effect to any statutes
          concerning choice or conflict of law (whether of the State of Israel or any
          other jurisdiction) that would cause the application of the laws of any
          jurisdiction other than the State of Israel. Any controversy or claim arising
          out of or in connection with this agreement or any breach or alleged breach
          hereof shall be exclusively resolved by the competent courts of Haifa, Israel,
          and each of the parties hereby irrevocably submits to the exclusive
jurisdiction           of such courts.  

        e.
          This Agreement, the Securities Purchase Agreement, the Warrants and the
          instruments referenced herein and therein constitute the entire agreement among
          the parties hereto with respect to the subject matter hereof and thereof. There
          are no restrictions, promises, warranties or undertakings, other than those set
          forth or referred to herein and therein. This Agreement, the Securities
Purchase           Agreement, the Warrants and the instruments referenced herein and
therein           supersede all prior agreements and understandings among the parties
hereto with           respect to the subject matter hereof and thereof.  

        f.
          The headings in this Agreement are for convenience of reference only and shall
          not limit or otherwise affect the meaning hereof.  

        g.
          This Agreement may be executed in identical counterparts, each of which shall
be           deemed an original but all of which shall constitute one and the same
agreement.           This Agreement, once executed by a party, may be delivered to the
other party           hereto by facsimile transmission of a copy of this Agreement
bearing the           signature of the party so delivering this Agreement.  

        h.
          Each party shall do and perform, or cause to be done and performed, all such
          further acts and things, and shall execute and deliver all such other
          agreements, certificates, instruments and documents, as any other party may
          reasonably request in order to carry out the intent and accomplish the purposes
          of this Agreement and the consummation of the transactions contemplated hereby.  

6

        i.
          The language used in this Agreement will be deemed to be the language chosen by
          the parties to express their mutual intent and no rules of strict construction
          will be applied against any party.  

        j.
          This Agreement is intended for the benefit of the parties hereto and their
          respective permitted successors and assigns, and is not for the benefit of, nor
          may any provision hereof be enforced by, any other Person.  

        k.
          This Agreement shall terminate and be of no further effect on the date on which
          the Investor shall have sold, or can sell pursuant to Rule 144 and Regulation
S,           all of the Registrable Securities, without any limitation whatsoever,
including           any volume limitations, and further provided, that the restrictive
legend was           removed of all the Registrable Securities.  

7

        IN
WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be duly
executed as of day and year first above written. 

COMPANY: 

	ELBIT VISION SYSTEMS LTD.

By:
——————————————

Name:
Title:		

	ELBIT  LTD.

By:
——————————————

Name:
Title:		

8

SCHEDULE OF BUYERS 

	NAME	ADDRESS AND FACSIMILE NUMBER	NUMBER OF

ORDINARY SHARES	NUMBER OF

WARRANT SHARES
	ELBIT LTD.	3 Azrieli Center
 Tel-Aviv, 
Israel 
(972)3-608-5556	2,174,603 	396,825 
	  	  	  	  
	  	  	  	  

9

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