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Exhibit 4.18 

[THE COCA-COLA COMPANY LETTERHEAD] 

January 1, 2007 

Industria Nacional de Gaseosas, S.A. 

Republica de Colombia 

Dear Sirs:

In regards to the Bottler Agreement in force and effect since July 1, 1999 (“the Agreement”) entered into between you and The Coca-Cola Company (the “Company”), we inform you that a new bottler agreement is in the final stages of
discussion and approval among the parties, which we estimate will be executed towards the middle of June 2007, hereby the Agreement is temporarily extended from January 1, 2007 until: 

June 30, 2007

With the exception of said extension, all the terms and conditions of the Agreement will continue to be fully valid and up until the expiration of said additional term, said Agreement will expire and the Bottler will no longer have the right to
claim a tacit renewal of the aforementioned. 

 

 

			
	 	 	Sincerely, 
	 	 	 
	 	 	THE COCA-COLA COMPANY 
	 	 	 
	 	 	 
	 	 	 
	 	 	__/s/___________________

      Authorized Representative 

Accepted by:

INDUSTRIA NACIONAL DE 

GASEOSAS, S.A.

__/s/___________________
 Authorized RepresentativeExhibit 4.6

 

Exhibit 4.6

SUMMARY OF DIRECTOR COMPENSATION

 

The following is a summary of the currently effective compensation of the non-employee directors of Commtouch Software Ltd. (the “Company”) for services as directors, which is subject to modification at any time by the board of directors. 

 

Non-employee directors do not receive annual cash compensation. Directors are granted stock options, with new directors receiving an initial grant of 150,000 options and continuing directors receiving an “evergreen” option grant of 50,000 options. 

 

Other than the foregoing option grants and reimbursement of expenses, the Company does not compensate its directors for serving on its board of directors.EX-10.1

EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement”) is made as of the 25th day of May, 2007, by
and between Nevada Security Bank (“Bank”), and John Donovan (“Executive”).

RECITALS

WHEREAS, the Bank desires to employ the Executive as its Executive Vice President and Chief
Credit Officer and to avail itself of his skill, knowledge and experience to ensure the successful
management of its business;

WHEREAS, the Executive wishes to be employed by the Bank in the above-mentioned capacity for the
Term hereinafter described;

WHEREAS, by execution of this Agreement the parties desire to specify the terms of the Executive’s
employment with the Bank;

NOW, THEREFORE, in consideration of the covenants and conditions contained herein, it is agreed
that from May 25, 2007 (the “Effective Date”), the following terms and conditions shall apply to
the Executive’s employment:

1. EMPLOYMENT TERM: The Bank hereby employs the Executive and the Executive hereby
accepts employment with the Bank for a period of three (3) years commencing with the Effective Date
of this agreement (the “Term), subject, however, to prior termination of this Agreement as
hereinafter provided. As used in this Agreement, the word “Term” shall refer to the entire period
of employment of the Executive by the Bank hereunder, whether for the period provided hereunder, or
whether terminated earlier as hereinafter provided. The Employment Term shall automatically renew
for subsequent three-year (3) periods, unless at least ninety (90) days prior to the ending of the
Employment Term, either party to the Agreement provides written notice of the party’s intent to
terminate the Agreement.

2. DUTIES OF THE EXECUTIVE:

2.1 Duties: The Executive shall hold the office of Executive Vice President and Chief
Credit Officer of the Bank and will perform the duties normally performed by such officer of a
bank, including the general supervision and operation of the business and affairs of the Bank,
subject to the powers vested in the Board of Directors of the Bank and in the Bank’s shareholders
pursuant to the Bank’s Charter and By-Laws, and by applicable law. During the Term, the Executive
shall perform exclusively the services herein contemplated to be performed by him under this
Agreement faithfully, diligently to the best of his ability, consistent with the highest and best
standards of the banking industry and in compliance with all applicable laws and the Bank’s
Articles of Incorporation and By-Laws.

2.2 Place of Performance: The Executive shall perform said duties throughout the
Bank’s service area and be located at the Bank’s principal executive offices. Except as provided
herein, the duties, positions and business location hereunder may only be changed by written
agreement of the parties.

2.3 Conflict of Interest: Except with prior written consent of the Board of Directors
of the Bank, the Executive shall devote his entire productive professional time, ability and
attention to the business of the Bank during the Term, and the Executive shall not directly or
indirectly render any services of a business, commercial or professional nature to any other
person, firm or corporation, whether for compensation or otherwise, which are in conflict with the
Bank’s interest. Notwithstanding the foregoing, the Executive may make investments of a passive
nature in any business or venture; provided, however, that such business or venture shall not be in
competition, directly or indirectly, in any manner with the Bank.

3. COMPENSATION

3.1 Base Salary: For the Executive’s services hereunder, the Bank shall pay or cause
to be paid, as a base salary to the Executive a minimum of One Hundred Seventy-Seven Thousand
Dollars ($177,000) per year each year of the Term, prorated for any portion of a year, in which
this Agreement is in effect. The Executive’s salary shall be payable in equal installments in
conformity with the Bank’s normal payroll period. Annual increases shall be made at the sole
discretion of the Chief Executive Officer. The parties understand and agree that pursuant to
applicable federal law the Bank is prohibited from compensating the Executive for any services
rendered to The Bank Holdings and that The Bank Holdings shall reimburse the Bank a portion of the
Executive’s salary for all services rendered to The Bank Holdings by the Executive.

3.2 Bonuses: Such a plan shall be within the complete and sole discretion of the
Board of Directors. The Executive shall be entitled to participate in the Bank’s Executive
Compensation Plan (“Bonus Plan”) which will be developed by the Bank’s Board of Directors. It is
understood that the terms, conditions, eligibility, benefits, provisions and grants from such a
plan shall be within the complete and sole discretion of the Board of Directors.

3.3 Stock Options: Pursuant to “The Bank Holdings Stock Option Plan,” the Executive
has been granted the option to purchase a minimum of Fifty-Two Thousand Seventy (52,070) shares of
The Bank Holdings Common Stock. All of the terms, conditions, vesting rights, qualifications,
eligibility requirements and other provisions of “The Bank Holding Stock Option Plan” are
incorporated into this Agreement by this reference. The Executive acknowledges that he has
received, reviewed and understood the provision of “The Bank Holdings Stock Option Plan.” Any
increase in the number of options granted to the Executive pursuant to this Agreement shall be made
at the sole discretion of the Board of Directors.

4. EXECUTIVE BENEFITS

4.1 Vacation: The Executive will be entitled to five (5) weeks vacation during each
year of the Term, prorated for any portion of a year. The Executive is required to and shall take
at least two (2) weeks of vacation annually (the “Mandatory Vacation”) which shall be taken
consecutively. Should Executive not take the entire five (5) weeks vacation during each year, the
unused vacation shall accrue and be taken the following year. The Executive may accumulate
twenty-five (25) days of vacation in excess of his current year’s entitlement. At the end of the
year, any vacation not used in excess of such twenty-five (25) days shall be paid out to the
Executive in lieu of accrued vacation.

4.2 Automobile Allowance: The Bank shall pay the Executive the sum of Seven Hundred
Fifty Dollars ($750) per month as and for expenses to cover all costs of use, maintenance, repair,
upkeep, fuel, cleaning and operation of his automobile (except mileage costs incurred to travel to
locations outside of the Reno service area) used in the course and scope of his employment.

4.3 Insurance Coverage: The Bank, at the Bank’s expense, shall provide for the
Executive and his dependent family, medical, dental, and vision coverage, and, for the Executive
himself, life, accident, disability and the like insurance benefits equivalent to the maximum
benefits available from time to time under the Bank’s Group Insurance program for an employee of
the Executive’s salary level during the Term. Additionally, the Bank, at its expense, shall
provide the Executive with term life insurance benefits in the amount of not less that Three
Hundred Thousand Dollars ($300,000) with beneficiary to be of the Executive’s choice, provided that
the Executive is rated in the highest category by the Insurance Company. If rated lower, the Bank
will spend the amount it would have spent for the highest rating and purchase the maximum amount of
insurance at the Executive’s lower rating. Said coverage shall be in existence and take effect as
of the Effective Date and shall continue throughout the Term. The Bank shall provide the Executive
with disability insurance providing for monthly disability payments.

4.4 Business Expenses: The Executive shall be entitled to reimbursement by the Bank
for any ordinary and necessary business expenses he incurs in the performance of his duties during
the Term, including, but not limited to, entertainment, dues, and other expenses, meals, travel
expenses, conventions, meetings, seminars and the like which are reasonable for the office of the
Executive.

4.5 Club Memberships: The Executive shall be provided paid membership in clubs
approved by the Chief Executive Officer.

4.6 Retirement Benefits:  Retirement age shall be at a minimum Sixty-two (62) years
of age. Upon retirement Bank, at its expense, will provide the Executive and his eligible
dependents the equivalent maximum benefit available through the Bank’s Group Insurance program for
an employee of the Executive’s salary level. This group insurance benefit shall continue until the
Executive is eligible to qualify for governmental healthcare benefits (including, but not limited
to, Medicare benefits). Upon eligibility to qualify for such governmental benefits the Bank’s
obligation to provide the group insurance benefits noted above shall cease and the Bank will, at
its expense, provide the Executive and his eligible dependents additional insurance benefits to
supplement the governmental healthcare benefits for which Executive is eligible to qualify. This
supplemental insurance plan benefits shall include, at a minimum, Medicare supplemental, vision,
dental, and prescription drug benefits.

4.7 Long-Term Care Insurance: The Bank shall purchase, for Executive or Executive’s
spouse, qualified long-term care insurance (as defined in Internal Revenue Code (Code) section
7702B (b)), from an insurance company selected by the Bank, with an annual premium of up to four
thousand dollars ($4,000).  Pursuant to Code section 106, the cost of such coverage shall be
excluded from Executive’s gross income.  Executive may purchase, at his own expense, long-term care
insurance for his spouse or additional coverage for himself.  In the event that the insurance
company determines that the Executive or Executive’s spouse does not qualify for long-term care
insurance, in lieu of such coverage, the Bank shall pay the Executive additional cash wages in the
amount of $4,000 per year, payable in equal monthly installments.  The Executive shall not have the
opportunity to elect to receive cash in lieu of the long-term care insurance.  The Bank reserves
the right to terminate the qualified long-term care insurance, at any time, upon 30 days prior
written notice to Executive.  In the event that the Bank terminates such insurance, the Executive
shall not be entitled to receive the cash value of any unpaid premium(s).”

5. TERMINATION

5.1 Termination for Cause: The Bank may terminate this Agreement at any time by
action of its Board of Directors, without further obligation or liability to the Executive, in the
event that:

5.1.1 The Executive commits an act or acts of malfeasance or misfeasance in his duties; or

5.1.2 The Executive fails to abide by and/or enforce the Bank’s safety and soundness policies;
or

5.1.3 The Executive is convicted of a felony or misdemeanor involving moral turpitude; or
State and/or Federal regulators request or order termination of this Agreement; or

5.1.4 The Executive commits any act, which could cause termination of Coverage under the
Bank’s Blanket Bond as to the Executive, as distinguished from termination of such coverage as to
the Bank as a whole; or

5.1.5 The Executive dies.

5.2 Termination without Cause: In the event the Board of Directors of the Bank
determines that either (i) the continued association of the Executive with the Bank or (ii) the
performance of his duties by the Executive is not in the best interest of the Bank, then the Bank
may terminate this Agreement by action of its Board of Directors. In the event of such termination
without cause, and subject to any limitation of payments to Officers and Directors under applicable
Federal and State law, the Executive shall be paid as and for severance payments and in lieu of any
and all other Compensation, remedy or damages, a lump-sum equal to not less than Twenty-four (24)
months compensation at the then current base salary of the Executive, plus an additional severance
payment of one (1) month of the Executive’s then current base salary for each year of service to
the Bank, plus any accrued but unpaid Bonus Compensation described elsewhere in this Agreement. In
addition, the Bank, at its expense will provide the Executive and his dependent family with
insurance coverage, as described in Paragraph 4.3 above, following the Executive’s termination for
a period of time not less than twelve (12) months plus one (1) additional month for every year of
service provided by the Executive to the Bank. Upon such payment, any and all obligations of the
Bank to the Executive shall have been fully and completely satisfied and the Executive shall be
entitled to no additional compensation, claim, right or benefit hereunder or otherwise.

5.3 Action by Supervisory Authority: If the Bank is closed or taken over by any
banking supervisory authority, such banking authority may immediately terminate this Agreement
without liability or obligation to the Executive.

5.4 Merger or Corporate Dissolution: In the event of any of the following
occurrences, the Executive may terminate this Agreement: (i) a dissolution or liquidation of the
Bank or The Bank Holdings; (ii) a reorganization, merger, or consolidation of the Bank or The Bank
Holdings with one or more corporations, the result of which (A) the Bank or The Bank Holdings is
not the surviving corporation or (B) the Bank or The Bank Holdings becomes a subsidiary of another
corporation (which shall be deemed to have occurred if another corporation shall own, directly or
indirectly, over 25% of the aggregate voting power of all outstanding equity securities of the Bank
or The Bank Holdings); (iii) a sale of substantially all the assets of the Bank or The Bank
Holdings to another corporation; or (iv) a sale of the equity securities of the Bank or The Bank
Holdings representing more than 25% of the aggregate voting power of all outstanding equity
securities of the Bank or The Bank Holdings to any person or entity or any group of persons and/or
entities acting in concert. In the event of such termination, and subject to any limitation of
payments to Officers and Directors under applicable Federal and State law, the Executive shall be
paid, as and for severance payments and in lieu of any and all other compensation remedy or
damages, a lump-sum equal to not less than Twenty-four (24) months compensation at the then current
base salary of the Executive, plus an additional severance payment of one (1) month of the
Executive’s then current base salary for each year of service to the Bank, plus any accrued but
unpaid Bonus Compensation described elsewhere in this Agreement. In addition, the Bank, at its
expense, will provide the Executive and his dependent family with insurance coverage, as described
in Paragraph 4.3 above, following the Executive’s termination for a period of not less than Twelve
(12) months plus one (1) additional month for every year of service provided by the Executive to
the Bank. Upon such payment, any and all obligations of Bank to the Executive shall have been
fully and completely satisfied and the Executive shall be entitled to no additional compensation,
claim, right or benefit hereunder or otherwise. Any stock options shall only be exercised in
accordance with “The Bank Holdings Stock Option Plan” referenced and incorporated in this
Agreement.

5.5 Termination by the Executive:  The Executive may terminate his employment
hereunder at any time upon ninety (90) days written notice to the Bank. In such event, the
Executive shall be entitled to all salary, bonus and other benefits (accrued vacation, etc.), which
have accrued prior to the effective date of termination. Any stock options shall only be exercised
in accordance with “The Bank Holdings Stock Option Plan” referenced and incorporated in this
Agreement.

6. GENERAL PROVISIONS:

6.1 IRS Section 280G. If any portion of the amounts payable to the Executive under
this Agreement as a result of a Merger or Corporate Dissolution defined in Section 5.4 above,
either alone or together with other payments or benefits which are “contingent on change in
ownership or control” would constitute “excess parachute payments” that are subject to the excise
tax imposed by section 4999 (or similar tax and/or assessments) of the Internal Revenue Code of
1986, as amended (Code) then such payments shall either be (i) paid in full, or (ii) reduced to an
amount equal to two hundred ninety-nine percent (299%) of the Executive’s “base amount”, whichever
of the foregoing payments, taking into account the applicable federal, state and local income taxes
and the excise tax imposed by Code section 4999, results in the receipt by the Executive on an
after-tax basis of the greatest amount of benefits. If any such payments under this Agreement are
“excess parachute payments”, Executive shall be responsible for the payment of any excise taxes and
Bank (or its successor) shall be responsible for any loss of deductibility related thereto. If, at
a later date, it is determined that the amount of excise taxes payable by the Executive is greater
than the amount initially so determined, then the Executive shall pay an amount equal to the sum of
such additional excise taxes and any interest, fines and penalties resulting from such
underpayment.

Any determination required under this Section 6.1 shall be made in writing

by the Bank’s independent public accountants immediately prior to a Merger or Corporate Dissolution
(“Accountants”), whose determination shall be conclusive and binding upon the Executive and the
Bank for all purposes. For purposes of making the calculations required by this Section 6.1, the
Accountants may make reasonable assumptions and approximations concerning applicable taxes and may
rely on reasonable, good faith interpretations concerning the application of Code sections 280G and
4999. The Executive and the Bank shall furnish the Accountants with such information and documents
as the Accountants may reasonably request in order to make a determination (or determinations)
under this Section. The Bank shall bear all costs the Accountants may reasonably incur in
connection with any calculations contemplated by this Section 6.1.

The terms “contingent on change in ownership or control”, “excess parachute payments” and
“base amount”, are defined in Code section 280G and Treasury Regulations section 1.280G-1. This
Section 6.1 shall apply and be interpreted in accordance with Code section 280G and the Treasury
regulations promulgated thereunder effective January 1, 2004, or the Treasury regulations then in
effect.

6.2 Indemnification: To the extent permitted by law, applicable statutes, the
Articles of Incorporation, the By-Laws and resolutions of the Bank in effect from time to time, the
Bank shall indemnify the Executive against liability or loss arising out of the Executive’s actual
or asserted misfeasance of malfeasance in the performance of the Executive’s duties or out of any
actual or asserted wrongful act against, or by, the Bank including but not limited to judgments,
fines, settlements and expenses incurred in the defense of actions, proceedings and appeals
therefrom. The Bank shall provide Directors and Officers Liability Insurance to indemnify and
insure the Bank and the Executive from and against the aforementioned liabilities. The provisions
of this paragraph shall apply to the estate, executor, administrator, heirs, legatees or devisees
of the Executive.

6.3 Notices: Any notice, request, demand or other communication required or permitted
hereunder shall be deemed to be properly given when personally served in writing, when deposited in
the United States mail, postage prepaid, or when communicated to public telegraph company for
transmittal, addressed to the party at the parties’ last known address contained in the records at
the Bank. Either party may change address by written notice in accordance with this paragraph.

6.4 Benefits of Agreement: This Agreement will inure to the benefits of and be
binding upon its parties and their respective executors, administrators, successors and assigns.

6.5 Applicable Law: This Agreement is to be governed by and construed under the laws
of the State of Nevada.

6.6 Captions and Headings: Captions and headings are used in this Agreement for
convenience only, are not a part of this Agreement between the parties and shall not be used in
construing it.

6.7 Invalid Provision: Should any portion or provision of this Agreement for any
reasons be declared invalid, void, or unenforceable by a court of competent jurisdiction, the
validity and binding effect of all remaining portions or provisions shall not be affected; and the
remainder of this Agreement shall remain in full force and effect as if this Agreement had been
executed with said portion or provision eliminated.

6.8 Entire Agreement: This Agreement contains the entire agreement of the parties and
supersedes all other agreements, either oral or in writing, between the parties hereto with respect
to the employment of the Executive by the Bank. Each party to this Agreement acknowledges that no
representations, inducements, promises or agreements, oral or otherwise, have been made by any
party or anyone acting on behalf of any party, which are not embodied herein and that no other
agreement, statement or promise not contained in this Agreement shall be valid or binding. This
Agreement may not be modified or amended by oral agreement but only by an agreement in writing
signed by the Bank and the Executive.

6.9 Arbitration: Any dispute, controversy or claim arising out of or relating to this
Agreement, or the breach thereof, or the employment relationship between the parties shall be
submitted to final and binding arbitration in accordance with the rules of the American Arbitration
Association, and judgment upon the award rendered by the arbitrator(s) may be entered into any
court having jurisdiction thereof.

6.10 Attorney’s Fees: If any action, including arbitration, is brought to enforce
this Agreement or to determine the relative rights and obligations for either of its parties, the
prevailing party shall be entitled to reasonable attorney’s fees.

6.11 Receipt of Agreement: Each of the parties hereto acknowledges that he has read
this Agreement and any referenced or incorporated documents in their entirety and does hereby
acknowledge receipt of fully-executed copies thereof. A fully-executed copy of this Agreement
shall be an original for all purposes and is a duplicate original.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the 25th day of May,
2007.

	 	 	 
	The “Bank”	 	The “Executive”
	Nevada Security Bank	 	John N. Donovan
	Hal Giomi, CEO	 	 
	By:      

	 	By

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