Document:

EXHIBIT 4.8

                              SHARE SALES AGREEMENT

     ENTERED AND SIGNED IN TEL AVIV ON THE 27TH OF THE MONTH OF MARCH, 2008

BETWEEN:       BENTAL INVESTMENTS COOPERATIVE AGRICULTURAL SOCIETY LTD.
               Cooperative Society No. 570043372
               Kibbutz Marom Golan
               (Hereinafter: "BENTAL" or "THE SELLER")

                                                                ON THE ONE PART;

AND:           TAT TECHNOLOGIES LTD.
               Public Company No. 520035791
               P.O. Box 80, Gedera 70750
               (Hereinafter: "TAT" or "THE BUYER")

                                                             ON THE SECOND PART;

WHEREAS        the Seller is the owner and holder of 14,998 regular shares of
               NIS 1 par value each in Betnal Industries Ltd. (hereinafter: "THE
               COMPANY"), which as of the date of signing this agreement,
               constitute approx. 75% of the Company's issued and paid share
               capital (hereinafter: "SELLER'S SHARES");

AND WHEREAS    the Seller is interested in selling 5,400 out of the Seller's
               Shares to the Buyer, constituting 27% of the Company's issued
               share capital (hereinafter: "SALE SHARES") and the Buyer in
               interested in purchasing all the Sale Shares from the Seller,
               being clean and free (as defined below), all according to the
               manner and terms specified in this Agreement below; AND WHEREAS
               the Seller and Buyer are interested in giving one another a put
               option and call option referring to option shares (as defined
               below);

AND WHEREAS    until the date of closing as defined bellow, the Buyer is
               expected to sign and complete the execution of an agreement
               between the Buyer and Mivtach Shamir Holdings Ltd. (hereinafter:
               "MIVTACH") for the sale of 2,000 regular shares of NIS 1 par
               value each in the Company, held by Mivtach and constituting 100%
               of Mivtach's holdings in the Company and 10% of the Company's
               issued share capital (hereinafter: "MIVTACH TRANSACTION");

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NOW THEREFORE IT IS DECLARED, STIPULATED AND AGREED BETWEEN THE PARTIES AS
FOLLOWS:

1.   PREAMBLE AND INTERPRETATION

     The preamble and to this Agreement, appendixes and parties' statements,
     constitute an integral part thereof.

     The headings of the clauses in this Agreement were added purely for reading
     convenience and should not be used for interpreting the Agreement.

2.   DEFINITIONS

     In this Agreement, the following terms will be given the meanings that
     appear beside them:

     2.1  "CALL OPTION" - As defined in clause 7 below.

     2.2  "PUT OPTION" - As defined in clause 8 below.

     2.3  "DOLLAR" - One United States Dollar.

     2.4  "COMPANY'S ISSUED AND PAID SHARE CAPITAL" - 20,000 regular shares
          included in the Company's issued and paid capital on the date of
          signing this Agreement.

     2.5  "SUBSIDIARY" - Bental Inc., company incorporated according to the laws
          of the State of Maryland, U.S.A, whose entire shares are owned by the
          Company. In this Agreement, the term "Company" includes the
          Subsidiary.

     2.6  "COMPANIES LAW" - Companies Law, 5759-1999.

     2.7  "BUSINESS DAY" - Sundays - Thursdays every week, provided that there
          is no holiday, occasion, holiday eve and/or Sabbatical.

     2.8  "CLOSING DATE" - 7 (seven) business days after fulfilling the finale
          suspending condition or any other date after fulfilling the suspending
          conditions to be agreed in writing by the parties.

     2.9  "MEMORANDUM OF UNDERSTANDING" - The Memorandum of Understanding signed
          between the parties, together with Mivtach on January 2, 2008.

     2.10 "COMMISSIONER" - Israel Antitrust Commissioner by virtue of the
          provisions of the Restrictive Trade Practices Act, 5748-1988.

                                       2
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     2.11 "REGULAR SHARES" - Regular shares of NIS 1 par value each of the
          Company's issued and paid share capital.

     2.12 "SALE SHARES" - 5,400 regular shares held by the Seller on the date of
          signing this Agreement and constituting 27% of the Company's issued
          and paid share capital on such date.

     2.13 "OPTION SHARES" - 3,598 regular shares of the Company held by the
          Seller on the date of signing this Agreement and constituting 18% of
          the Company's issued and paid share capital on such date, for which
          the put option and call option will be granted.

     2.14 "COMPANY'S FOUNDATION DOCUMENTS" - The Company's Memorandum and
          Articles of Association as of the date of signing this Agreement are
          attached as APPENDIX 2.14 of this Agreement.

     2.15 "CLEAN AND FREE" - Clean and free of any mortgage, pledge, attachment,
          lien, right of first refusal, right to tag along, obstruction
          settlements, debt or any third party rights.

     2.16 "EXIT TRANSACTION" - Means each one of the following: (a) sale of the
          Company's control to a third party; (b) sale of all or most of the
          Company's assets to a third party; (c) merger of the Company with
          another company, provided that the Company is not the surviving
          company. Notwithstanding the aforesaid, for purpose of this sub-clause
          (c), a merger will not be perceived as an Exit transaction if on the
          eve of the merger, the Company shareholders will hold over 90% of the
          shares in the absorbing company, in the same relation of holdings
          among them that existed in the Company on the eve of the merger.

          For purpose of this sub-clause 2.16 the term "THIRD PARTY" means
          someone other than: the Company shareholders or a person who controls
          any of the shareholders, a corporation controlled by the shareholders
          or any corporation controlled by any of them.

     2.17 "OWNERS' GUARANTEE" - Guarantees submitted by Kibbutz Maron Golan to
          ensure the Company's obligations toward third parties according to the
          list attached as APPENDIX 2.17 of this Agreement.

                                       3
<PAGE>

     2.18 "INTEREST" - Interest at an annual rate of 2% on Dollar amounts to be
          added and apply, INTER ALIA, to the price of exercising the put option
          and the price of exercising the call option.

     2.19 "ARREARS INTEREST" - Arrears interest to be paid according to the
          provisions of clause 20 of this Agreement.

     2.20 "REPRESENTATIVE RATE" - The latest representative rate of the US
          Dollar per NIS 1, published by the Bank of Israel before the date of
          performing an actual payment according to this Agreement.

     2.21 "SUSPENDING CONDITIONS" - The conditions stipulated in clause 12 of
          this Agreement.

3.   THE SELLER'S PRESENTATIONS, STATEMENTS AND UNDERTAKINGS

     3.1  The Seller hereby presents, states and undertakes the following to the
          Buyer, regarding the Sale Shares:

          3.1.1 The Seller is the exclusive owner and holder of the Sale Shares
               and Option Shares.

          3.1.2 That the Sale Shares and Option Shares were duly issued and
               fully paid, and subject to the fulfillment of the suspending
               conditions, on the date of signing this Agreement are and will be
               on the closing date or the date of exercising the call option or
               put option, if at all, as applicable, clean and free for
               transfer, according to the provisions of this Agreement.

          3.1.3 Not to undermine from the generality of the said in clause 3.1.2
               above, subject to fulfilling the suspending conditions, the
               Seller did not undertake towards any third party to transfer the
               Sale Shares and Option Shares, or any part thereof, or avoid
               transferring them and did not grant or give any person or body
               any option or other right to purchase or receive the shares in
               the Company (including Sale Shares and Option Shares) and/or any
               part thereof and that no person or body has the right of first
               refusal, right to tag along or any other right regarding the
               Company's shares (including Sale Shares and Option Shares), all
               or part thereof, except by virtue of the Company's Founders
               Agreement.

                                       4
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          3.1.4 Subject to fulfilling the suspending conditions: (a) sale of the
               Sale Shares to the Buyer and granting the put option and call
               option according to this Agreement, is not contrary or
               contradicts any contract and/or undertaking by any party thereto;
               (b) the Seller received all the authorizations and certificates
               required by the law for the sale of the Sale Shares, transfer
               thereof and granting the put option and call option to the Buyer,
               and there is not prohibition or limitation or prevention of any
               sort, from executing the aforesaid.

          3.1.5 The Seller made all the decisions according to its certificates
               of incorporation and the law, required for engaging in this
               Agreement and executing its obligations according thereto and
               that the signatories onto this Agreement in its behalf, were duly
               authorized to do so and their signature binds the Seller and
               subject to fulfilling the suspending conditions, the Seller's
               engagement in this Agreement and executing the provisions
               thereof, do not require any consent, certificate or permission
               from any person or body or giving any notice, and to the best of
               the Seller's knowledge there is no prevention from its engagement
               in this Agreement and fulfilling its obligations according
               thereto.

          3.1.6 Except as specified in APPENDIX 3.1.6 to this Agreement, the
               Seller is not a party to any transaction and/or engagement with
               the Company and there is no material transaction and/or
               engagement in which the Seller and/or other interested parties in
               the Company, have any personal interest.

          3.1.7 To the best of the Seller's knowledge, the Company's financial
               statements were prepared based on all the material information
               required for preparation thereof and that to the best of the
               Seller's information, no material information as said was
               concealed or omitted from the Company's financial statements.

          3.1.8 As part of the due diligence conducted by the Buyer, the Company
               submitted all the information and documents requested by the
               Buyer to the Buyer or its representatives and no misleading
               information or documents regarding acquisition of Company shares,
               was submitted to the Buyer.

          3.1.9 Upon signing this Agreement, the Seller agrees to waive the
               right of first refusal concerning the Mivtach transaction.

     3.2  The Seller's presentations specified in this clause 3, will remain
          true for the closing date. Not to undermine from the said, if any
          change applies on the Seller's presentations as said in this clause 3
          until the closing date, the Seller will give the Buyer written notice
          of the matter and the Buyer will be entitled to terminate this
          Agreement, without bearing any liability towards the Seller for the
          termination as said.

                                       5
<PAGE>

          The parties hereby stipulate that for purpose of deciding whether
          certain information was known to the Seller as said in clause 3 above,
          "information" known to whomever served as a director in the Company on
          behalf of the Seller on the date of signing this Agreement will be
          attributed to the Seller (meaning: Messieurs Shaul Gor, Shafi Mor,
          Gabbi Kuniel and Elisha Yalin)

4.   THE BUYER'S STATEMENTS AND UNDERTAKINGS

     The Buyer hereby presents, states and undertakes the following to the
Seller:

     4.1  The Buyer is a public company duly incorporated and registered in
          Israel on April 7, 1985, controlled by TAT Industries Ltd., holding
          3,002 of the Company's regular shares, which as of the date of signing
          this Agreement, constitute approx. 15% of the Company's issued and
          paid capital.

     4.2  The Buyer conducted due diligence of the Company and its activity and
          to the best of its knowledge and according to the Seller's
          presentations; the Buyer has received all details, information and
          explanations regarding the Company and its activity and found the
          Company, Sale Shares and Option Shares, satisfactory.

     4.3  The Buyer is engaging in this Agreement after considering the
          advisability of the transaction, as a reasonable investor.

     4.4  Subject to the correctness of the Seller's statements in clause 3
          above and fulfilling its obligations according to this Agreement, the
          Buyer is purchasing the Sale Shares without the Seller making any
          presentation beyond the said in this Agreement, regarding the
          Company's business condition or assets. According to the said and
          subject to the correctness of the presentations in clause 3 above, the
          Buyer has no and will not have any claims or arguments towards the
          Seller, including claims of alternative and/or compatibility and/or
          defect of any sort regarding the purchase of the Sale Shares,
          exercising the call or put option and/or the Company and anything
          associated or resulting thereby.

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<PAGE>

     4.5  The Buyer: (a) is fully authorized to engage in this Agreement and
          perform all its obligations according thereto; and (b) has no legal
          prevention or other prevention from engaging in this Agreement and (c)
          does not require the confirmation or consent of any third party,
          regarding signing this Agreement or executing the provisions thereof,
          except the certificates and approvals forming suspending conditions
          for validation of this Agreement.

     4.6  The Buyer has the economic and financial abilities required to perform
          its obligations according to the provisions of this Agreement.

     4.7  The Buyer's presentations specified in this clause 4, will remain true
          on the closing date.

5.   THE TRANSACTION

     5.1  Subject to fulfilling the suspending conditions, the Seller undertakes
          to sell the Sale Shares to the Buyer and the Buyer undertakes to
          purchase the Sale Shares from the Seller, on the closing date, being
          clear and free. In addition, the Seller undertakes to grant the Buyer
          a call option and the Buyer undertakes to grant the Seller a put
          option, all as specified below.

     5.2  Sale of the Sale Shares and transfer thereof to ownership of the Buyer
          on the closing date will be done in exchange for consideration as
          specified in clause 6 below.

6.   CONSIDERATION FOR THE SALE SHARES AND TERMS OF PAYMENT

The Buyer will pay the Seller for the Sale Shares on the closing date, the cash
amount of USD 3,375,000 (three million, three hundred and seventy five thousand)
US Dollars (hereinafter: "CONSIDERATION FOR THE SALE SHARES") in exchange for
transfer of the Sale Shares to the name of the Buyer, being clean and free.
Payment of the Consideration for the Sale Shares will be done subject to
"ADJUSTMENT TO THE EXCHANGE RATE OF THE DOLLAR" according to the provisions of
clause 17 below.

7.   CALL OPTION

     7.1  The Seller hereby grants the Buyer the call option to purchase all the
          Options Shares from the Seller in 4 portions maximum (hereinafter:
          "CALL OPTION").

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<PAGE>

     7.2  The Call Option will be in effect as of January 1, 2009 and will
          remain valid for 4 years until December 30, 2012 (hereinafter: "CALL
          OPTION PERIOD").

     7.3  The Call Option will be exercisable by the Buyer during the entire
          Call Option Period in a number of portions, provided that each portion
          includes exercising at least 25% of the total Option Shares.
          Exercising a Call Option or part thereof, will be done by delivering a
          written exercising notice to the Seller, unreserved and unconditioned,
          referring to the quantity of Option Shares that the Buyer wishes to
          purchase (hereinafter: "EXERCISING NOTICE").

     7.4  Subject to clause 9.2 below, the exercising price including the Call
          Option is USD 2,250,000 (two million, two hundred and fifty thousand)
          US Dollars with the addition of interest (as defined in this
          Agreement), applicable from the closing date until the actual date of
          payment for each portion (hereinafter: "PRICE OF EXERCISING THE CALL
          OPTION"). Subject to adjustments due to changes in share capital and
          similar events as said in clause 9.3 below, the Price of Exercising
          the Call Option for each Option Share will be USD 625.35 (six hundred
          and twenty five US Dollars and thirty five cents) with the addition of
          interest from the closing date until the date of actual payment for
          each portion (hereinafter: "PRICE OF EXERCISING THE CALL OPTION FOR
          OPTION SHARES"). Payment of the Price of Exercising the Call Option
          and Price of Exercising the Call Option for Option Shares, will be
          subject to adjustments for dividend distribution according to clause
          9.2 below and "ADJUSTMENT TO THE EXCHANGE RATE OF THE DOLLAR"
          according to the provisions of clause 17 below.

8.   PUT OPTION

     8.1  The Buyer hereby grants the Seller the put option, entitling the
          Seller to obligate the Buyer to purchase all the Options Shares from
          the Seller in two portions maximum (hereinafter: "PUT OPTION").

     8.2  The Put Option will be in effect as of January 1, 2011 and will remain
          valid for two years until December 30, 2012 (hereinafter: "PUT OPTION
          PERIOD").

     8.3  The Put Option will be exercisable by the Seller during the entire Put
          Option Period in a number of portions, provided that each portion
          includes exercising at least 50% of the total Option Shares.
          Exercising a Put Option or part thereof, will be done by delivering a
          written exercising notice to the Buyer, unreserved and unconditioned,
          referring to the quantity of Option Shares that the Seller wishes to
          obligate the Buyer to purchase (hereinafter: "EXERCISING NOTICE").

                                       8
<PAGE>

     8.4  Subject to clause 9.2 below, the exercising price including the Put
          Option is USD 2,137,000 (two million, one hundred and thirty seven
          thousand) US Dollars with the addition of interest (as defined in this
          Agreement), applicable from the closing date until the actual date of
          payment for each portion (hereinafter: "PRICE OF EXERCISING THE PUT
          OPTION"). Subject to adjustments due to changes in share capital and
          similar events as said in clause 9.3 below, the Price of Exercising
          the Put Option for each Option Share will be USD 594.08 (five hundred
          and ninety four US Dollars and eight cents) with the addition of
          interest from the closing date until the date of actual payment for
          each portion (hereinafter: "PRICE OF EXERCISING THE PUT OPTION FOR
          OPTION SHARES"). Payment of the Price of Exercising the Put Option and
          Price of Exercising the Put Option for Option Shares, will be subject
          to adjustments for dividend distribution according to clause 9.2 below
          and "ADJUSTMENT TO THE EXCHANGE RATE OF THE DOLLAR" according to the
          provisions of clause 17 below.

9.   ADDITIONAL PROVISIONS REGARDING THE PUT AND CALL OPTION

     9.1  If an Exercising Notice was submitted for Call Option or Put Option or
          part thereof, on dates determined for such purpose, then within 30
          (thirty) days from the date of delivering the Exercising Notice
          (hereinafter: "EXECUTION DATE"), the parties will meet at 10:00 in the
          morning at the offices of Advocate Yigal Arnon & Co., at Azrieli
          Center 1, Tel Aviv, 46th floor, or other date and location as agreed
          between the parties and on such date the following acts will be
          performed simultaneously, and considered as done at the same time and
          none of them will be considered valid unless all the other acts are
          performed; following are the acts:

          9.1.1 The Buyer will pay the Seller the total required Price for
               Exercising, calculated by multiplying the quantity of Option
               Shares exercised times the Price for Exercising the Call Option
               or Price for Exercising the Call Option, as applicable. The Price
               for Exercising as said, will be paid by bank draft or bank
               transfer to the bank account instructed in advance, in writing by
               the Seller; and

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<PAGE>

          9.1.2 The Seller will sell and transfer the Option Shares or part
               thereof to the name of the Buyer, being clean and free, in
               exchange for payment of the Price for Exercising or part thereof,
               according to the quantity of Option Shares exercised; and

          9.1.3 The Company secretary will submit the following to the Buyer (a)
               written confirmation from the Company that the Buyer was
               registered in the Company's book of shareholders as the owner of
               the conveyed share; and (b) report of share transfer duly signed
               and confirmed, bearing the stamp of the Registrar of Companies.

     9.2  ADJUSTMENT TO DIVIDEND DISTRIBUTION - If the Company will distribute
          dividends before exercising the Put Option or Call Option in full, the
          amount equaling the amount of dividend, before tax, distributed for
          all the Option Shares (hereinafter: "ADJUSTED EXERCISING PRICE"), will
          be deducted from the Price for Exercising the Call Option for the
          Option Shares or the Price for Exercising the Put Option for the
          Option Shares, as applicable (hereinafter in this clause: "EXERCISING
          PRICE"). The amount of dividend as said will be calculated according
          to its Dollar value on the day of distributing the dividend (exchanged
          according to the representative rate known on the date of the dividend
          distribution) (hereinafter: "DOLLAR AMOUNT OF DIVIDEND"). Just for the
          record, it is clarified that the Adjusted Exercising Price will be
          calculated by deducting the Dollar amount of Dividend from the
          Exercising Price with the addition of interest accrued from the
          closing date until the date of dividend distribution. From the date of
          the dividend distribution until the actual date of paying the
          Exercising Price, only the Adjusted Price will bear interest.

     9.3  If there will be capital consolidation or capital splitting and if
          bonus shares will be divided in regard to Option Shares (hereinafter:
          "REORGANIZATION OF THE COMPANY'S CAPITAL"), the Call Option and Put
          Option, as applicable, will apply to all the Option Shares and all the
          shares generated thereby as a result of the Reorganization of the
          Company's Capital, without any change in the total Exercising Price
          for the Option Shares. If the Seller exercises its preemptive right in
          allocation of shares for the Option Shares, then the Call Option and
          Pull Option will also apply to shares allocated to the Seller for
          exercising such right (hereinafter: "ADDITIONAL EXERCISING RIGHTS")
          and the Buyer will pay the Seller the Dollar amount that the Seller
          paid for allocation thereof (calculated according to the
          representative rate) for the Additional Exercising Rights, on the date
          of exercising with the addition of interest from the date of
          allocation until the actual date of payment of their price.

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<PAGE>

     9.4  ACCELERATING THE PERIOD FOR EXERCISING OPTIONS FOR EXIT TRANSACTIONS -
          if there will be an Exit transaction, before the end of the Call
          Option Period or Put Option Period as applicable, the periods of the
          Call Option Period or Put Option Period will be accelerated in a
          manner that the Buyer and Seller will be entitled to exercise the Call
          Option or the Put Option as applicable, by written notice on the eve
          of completing the Exit transaction, subject to completion thereof.

10.  ADDITIONAL CONSIDERATION FOR EXIT TRANSACTIONS

     It is agreed that if the Company will perform an Exit transaction during
     the period between the closing date and the end of three years from the
     closing date, then on the date of closing the Exit transaction as said, the
     Buyer will pay the Seller additional consideration to be calculated as
     follows:

     10.1 For each share of the Sale Shares, the Buyer will pay the Seller a
          certain amount to be calculated as a percent, as specified in the
          table below, from the amount of difference between the price of share
          as said in US Dollar generated from the Company's value in the Exit
          transaction and the price of the share to be paid for each share of
          the Sale Shares according to this Agreement with the addition of
          interest that applies from the closing date until the date of the Exit
          transaction (hereinafter: "DIFFERENCE IN SALE PRICE").

     10.2 For each share of the Option Shares, provided that until the date of
          closing the Exit transaction, Exercising Notice was granted for such
          shares as part of the Put Option or Call Option, the Buyer will pay
          the Seller a certain amount to be calculated as a percent, as
          specified in the table below, from the difference between the price of
          share from the Option Shares in US Dollar generated from the Company's
          value in the Exit transaction and the Price of Exercising the Call
          Option for the Option Shares or the Price of Exercising the Put Option
          for the Option Shares for each share from the Option Shares (i)
          according to the type of option exercised for such share; (ii)
          calculated until the date of exercising the Exit transaction; and
          (iii) subject to "ADJUSTMENT TO THE EXCHANGE RATE OF THE DOLLAR"
          (according to the provisions of clause 17 below) (hereinafter:
          "DIFFERENCE IN THE PRICE OF THE Option").

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          For the avoidance of doubt, it is clarified that the Difference in the
          Price of the Option will be calculated only for the Option Shares
          actually exercised before the closing of the Exit transaction as part
          of the Put Option and/or the Call Option, and in case of partial
          exercising of Put Option and the Call Option together, then the
          Difference in the Price of the Option will be calculated according to
          the quantity of shares exercised as part of any option as said.

<TABLE>
<CAPTION>

DATE OF CLOSING THE EXIT TRANSACTION     ADDITIONAL CONSIDERATION FOR SALE      ADDITIONAL CONSIDERATION FOR OPTION
                                                       SHARES                                 SHARES
---------------------------------------- -------------------------------------- --------------------------------------
<S>                                      <C>                                    <C>
During the first year after the date     Amount equaling 30% of the             Amount equaling 30% of the
of closing                               difference from the sale price         difference from the option price
---------------------------------------- -------------------------------------- --------------------------------------
During the second year after the date    Amount equaling 20% of the             Amount equaling 20% of the
of closing                               difference from the sale price         difference from the option price
---------------------------------------- -------------------------------------- --------------------------------------
During the third  year after the date    Amount equaling 10% of the             Amount equaling 10% of the
of closing                               difference from the sale price         difference from the option price
---------------------------------------- -------------------------------------- --------------------------------------
</TABLE>

11.  RELEASE FROM OWNERS' GUARANTEE

     Concurrently with completing the transaction on the closing date (and
     subject to completing the transaction), the Buyer will exercise maximal
     efforts to ensure that all owners' guarantees, as specified in Appendix
     2.17 are released, so that after the closing date, the Kibbutz will not be
     a guarantor for the Company's debts. If so required, the Buyer will submit
     guarantees or other securities to the satisfaction of the guarantee
     recipients, as a substitute for the said guarantees (hereinafter: "RELEASE
     FROM OWNERS' GUARANTEES"). Until the Release from Owners' Guarantees as
     said, the Buyer undertakes to indemnify the Seller for any payment paid by
     the Seller for realizing the owners' guarantees. Not to undermine from the
     aforesaid, the Buyer will ensure that the Seller is released from the
     owners' guarantee not later than the end of 3 months from the closing date.

                                       12
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12.  SUSPENDING CONDITIONS: INTERIM PERIOD

     12.1 This Agreement and fulfillment thereof, are conditioned by fulfilling
          and executing the suspending conditions specified below prior to the
          closing date:

          12.1.1 The Commissioner approved the transaction discussed in this
               Agreement, including, if necessary, exercising the Call and Put
               Option ("Merger of companies" as defined in the Restrictive Trade
               Practices Act, 5748-1988). The parties will act in good faith,
               diligently and assiduously to fulfill and perform the terms as
               said, as soon as possible.

          12.1.2 The chief scientist approved the transaction for changing
               control in the Company as a result of transferring shares
               according to this Agreement.

          12.1.3 The investment center approved the transaction for changing
               control in the Company as a result of transferring shares
               according to this Agreement.

          12.1.4 The banks, with whom the Company is engaged, have approved the
               change in control of the Company.

          12.1.5 The Mivtach transaction was concluded concurrently with the
               completion of the transaction discussed in this Agreement on the
               closing date and Mivtach has agreed to waive the right of first
               refusal referring to the transactions discussed in this
               Agreement.

          12.1.6 No legal procedure was initiated before an authorized legal
               instance, concerning a claim or argument, or thereat or anything
               similar, regarding the parties' engagement in this Agreement or
               the Buyer's rights as said therein, which remains pending on the
               closing date.

          12.1.7 The Seller's presentations are true, complete and accurate on
               the closing date.

          12.1.8 All the additional terms specified in clause 13.1 below were
               fulfilled.

     12.2 If and as long as the suspending conditions were not fulfilled within
          120 days from the date of signing this Agreement (hereinafter:
          "INTERIM PERIOD"), after the parties exercised reasonable efforts in
          order to fulfill such conditions, and the party to benefit from the
          suspending conditions did not agree to waive fulfilling such
          condition, then each party will be entitled to terminate this
          Agreement and in such case, no party will be entitled to any right or
          cause of action according to the Agreement.

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<PAGE>

     12.3 During the Interim Period, the Seller will exercise all measures
          available according to the law in order to assure that the Company
          continues to conduct its businesses in the regular course of business,
          within the Company's approved work plan and budget, subject to
          deviations resulting from the regular course of business, all subject
          to the law. Not to undermine from the generality of the said, subject
          to the law, the Seller will exercise all measures at its disposal in
          order to prevent application and performance of the following in the
          Company or subsidiary thereof (except acts required for closing the
          subsidiary): (a) any change in the regular course of business or the
          terms for employment of employees thereof; (b) any profit
          distribution, any monetary payment in any other manner, such as
          management fees, bonuses etc, any loans, securities or guarantees of
          any sort, except as said in this Agreement; (c) any organizational
          change, including splitting, transferring or selling rights,
          purchasing the activity or holdings in another person, merger etc.;
          (d) change in ownership and/or holdings, and any endowment or
          allocation of capital rights; (e) any appointment or replacement of
          senior officers and any transaction or engagement between them and the
          Seller and/or related or associated parties thereto; (f) any change in
          the terms and conditions of any the Company's material agreements; and
          (g) any agreement or obligations to perform any of the abovementioned.

13.  CLOSING

     13.1 On the date of closing and after obtaining all the approvals as said
          in clause 12 above, the parties will meet at 10:00 in the morning at
          the offices of Advocate Yigal Arnon & Co., at Azrieli Center 1, Tel
          Aviv, 46th floor, or other date and location as agreed between the
          parties and on such date: the Seller will sell the Sale Shares to the
          Buyer and the Sale Shares will be transferred to the name of the
          Buyer, being clean and free, concurrently and in exchange for: (1)
          performing payment of the entire Consideration for the Sale Shares by
          the Buyer; and (2) additional acts as specified below; and all the
          following acts will be done simultaneously and considered as done at
          the same time and none of them will be considered valid unless all the
          other acts are performed; following are the acts:

          13.1.1 The Buyer will pay the Seller the Consideration for the Sale
               Shares by bank draft or bank transfer to the bank account
               instructed by the Buyer in advance in writing; and

                                       14
<PAGE>

          13.1.2 The Seller will sign a share transfer certificate as the
               transferor, in the version required according to the Company's
               Articles of Association, referring to all the Sale Shares held by
               the Seller;

          13.1.3 The parties will sign a shareholders' agreement in the version
               attached to this Agreement as Appendix 13.1.3; and

          13.1.4 The Company's general assembly will approve replacement of the
               Company's existing Articles of Association with the Articles of
               Association according to the version attached to this Agreement
               as Appendix 13.1.4.

          13.1.5 The parties will sign any other document required for
               validating the transaction for the sale of the Sale Shares.

14.  ARBITRATION

     14.1 In any case of disputes or differences of opinion between the parties
          in any matter concerning, resulting or associated with entering the
          Agreement, validity, breach, execution or interpretation of this
          Agreement, such will be submitted for decision of a single arbitrator.
          The arbitrator will be Yossi Abadi, Advocate and if he is refrained
          from serving as an arbitrator, an arbitrator will be appointed by the
          Buyer and Sellers' attorneys and in lack of agreement between them
          after 14 days from the appeal from one party to the other, an
          arbitrator will be appointed by the Israel Bar Association.

     14.2 The arbitrator will be entitled to grant interlocutory orders and
          other temporary remedies that a court of law is authorized to give and
          will be linked and subject to the substantive law, but not laws of
          evidence and legal procedures. The arbitrator will explain his
          arbitration award.

     14.3 The provisions of this clause will be valid as though they are an
          arbitration agreement between the parties and the provisions of the
          addition to the Arbitration Law, 5728-1968, will apply to the
          arbitration procedures and the arbitrator.

                                       15
<PAGE>

15.  JURISDICTION

     Subject to the said in clause 14 of the Agreement referring to the matter
     of arbitration, the jurisdiction in all matters concerning this Agreement
     or resulting from the Agreement, are awarded to the authorized courts of
     Tel Aviv and only such courts.

16.  GENERAL UNDERTAKING TO PERFORM ACTS AND SIGN DOCUMENTS

     The parties undertake to perform all actions and sign all documents,
     certificates, forms and statements, as required and beneficial for
     performing the provisions of this Agreement. Not to undermine from the
     generality of the aforesaid, the parties undertake to comply with all
     reporting obligations required by the law (including to the Registrar of
     Companies), as entailed in performing this Agreement.

17.  ADJUSTMENT TO THE EXCHANGE RATE OF THE DOLLAR

     The following payments will be done subject to adjustment to the exchange
     rate of the US Dollar as specified below in this clause (hereinafter:
     "ADJUSTMENT TO THE EXCHANGE RATE OF THE DOLLAR")

     Following are the payments: (i) Payment of the Consideration for the Sale
     Shares as said in clause 6 above; (ii) Payment of the Price for Exercising
     the Call Option or Price of Exercising the Call Option for Option Shares,
     as applicable according to clause 7 above; (iii) Payment of the Price for
     Exercising the Put Option or Price of Exercising the Put Option for Option
     Shares, as applicable according to clause 8 above; (EACH hereinafter:
     "ADJUSTED PAYMENT" or together hereinafter: "ADJUSTED PAYMENTS"). On the
     date of performing each one of the Adjusted Payments, the adjustment to the
     exchange rate of the Dollar will be done as specified below:

     17.1 If the representative rate on the date of performing any one of the
          Adjusted Payments is less than NIS 3.70 per Dollar, the Buyer will pay
          the Seller, in addition to the amount of Adjusted Payment, which
          should be paid according to the said in the provisions of this
          Agreement, an additional amount to be calculated according to the
          following formula:

                     D * P
                     ----------
                 X   R

          X    - Means the additional amount that the Buyer must pay in US
               Dollars

                                       16
<PAGE>

          D    - Means the difference between the NIS 3.70 per Dollar and the
               representative rate known on the date of the relevant Adjusted
               Payment

          P    - Means the relevant Adjusted Payment (as defined above) in US
               Dollars before the adjustment to the exchange rate of the Dollar

          R    - Means the representative rate known on the date of performing
               the Adjusted Payment.

     17.2 If the representative rate on the date of performing any of the
          Adjusted Payments exceeds NIS 3.95 per Dollar, the amount to be
          calculated according to the following formula will be deducted from
          the amount of the Adjusted Payment that the Buyer must pay the Seller:

                     D * P
                     ----------
                 X   R

          X    - Means the amount that should be deducted from the Adjusted
               Payment in US Dollars

          D    - Means the difference between representative rate known on the
               date of the Adjusted Payment and NIS 3.95 per Dollar

          P    - Means the Adjusted Payment in US Dollars, before the adjustment
               to the exchange rate of the Dollar

          R    - Means the representative rate known on the date of performing
               the Adjusted Payment.

     17.3 For the avoidance of doubt, if the representative rate of the Dollar
          on the date of performing the relevant payment will be in the range
          between NIS 3.70 and NIS 3.95, then there will be no adjustment
          according to this clause and the payment will be performed according
          to the representative rate known on such date.

18.  GENERAL

     18.1 Each payment that must be done according to the provisions of this
          Agreement will be paid on a business day until 11:00 before noon. If
          the date for payment is not a business day, the payment will be
          delayed to the first business day after the date of payment.

                                       17
<PAGE>

     18.2 This Agreement, after signing thereof, exhausts all the agreements
          between the parties referring to matters mentioned therein and negates
          any prior agreement, presentation, drafts or understandings between
          the parties or anyone on their behalf referring to matters included
          therein, including the Memorandum Of Understanding, and such documents
          will not be used in any way for interpretation, claims or any other
          manner.

     18.3 Any promise or statement of any sort, whether in writing or verbally
          or by manner of conduct or omission, made prior to the date of signing
          this Agreement, will be perceived as negated and this Agreement will
          be perceived as including, reflecting and exhausting all the parties
          statements and obligations regarding matters arranged in this
          Agreement as said.

19.  TAXES AND EXPENSES

     19.1 Any tax or other levy, if and as such applies to the Seller or to a
          seller of shares by virtue of the provisions of the law or signing
          this Agreement of performing the provisions thereof, will be paid by
          the Seller.

     19.2 Any tax or other levy, if and as such applies to the Buyer or to a
          buyer of shares by virtue of the provisions of the law or signing this
          Agreement of performing the provisions thereof, will be paid by the
          Buyer.

     19.3 Any payment performed according to the provisions of this Agreement,
          will be paid subject to the deduction of tax at source or against
          presentation of exemption from deduction of tax at source.

     19.4 Each party will bear its expenses, including fees for its legal
          advisers concerning preparation and executing this Agreement.

     19.5 Due V.A.T will be added to each payment for linkage differentials,
          interest and arrears interest, if applicable, all in exchange for
          submission of a tax invoice. Payment of the due V.A.T to apply as
          said, if such applies, for any payment, will be performed by
          submitting a postdated cheque to be paid on the 15th of the subsequent
          month of the said payment.

                                       18
<PAGE>

20.  ARREARS INTEREST

     If any party did not pay an amount that it is obligated to pay by virtue of
     the provisions of this Agreement on the date determined for such payment,
     then in such case, the breaching party will be obligated to pay the other
     party arrears interest, with the addition of due V.A.T for the amount in
     arrears, according to the rate customary at the time by Bank Leumi of
     Israel Ltd. in case of deviating from an approved credit limit in a US
     Dollar loan accounts, without undermining from any right or remedy awarded
     to the Seller by virtue of the provisions of this Agreement or the
     provisions of the law.

21.  JOINT STIPULATION

     The Seller's obligations to transfer the Sale Shares to the Buyer on the
     Closing Date and the Buyer's obligations to pay the Seller the
     Consideration for the Sale Shares are considered joints stipulations as
     defined by the law. This provision will also apply, with the required
     modifications, to the Option Shares and exercising thereof.

22.  AMENDMENTS AND WAIVERS

     22.1 Any change or amendment to this Agreement will be done in writing and
          signed by the parties thereto.

     22.2 Not to undermine from the said in this Agreement, in any case that a
          party to this Agreement will not demand the execution of the Agreement
          or any part thereof, this will not be considered as waiving his right
          to do so and any waiver of a breach of any provision of the provisions
          of this Agreement, will not be considered as an continuing waiver of
          the breach.

23.  LACK OF RIGHTS TO A THIRD PARTY

     This Agreement does not award and the parties thereto do not intend to
     award rights to any third party.

                                       19
<PAGE>

24.  MAINTAINING CONFIDENTIALITY

     The parties declare and mutually undertake, that as of the date of signing
     this Agreement, they will maintain complete confidentiality and will not
     make any use intended for themselves or others, will not tell, reveal or
     publish in any other way, information or knowledge associated, directly or
     indirectly, to the business and/or activity of each party and any
     information connected thereto and/or business connected to any of the
     parties in any manner. Not to undermine from the generality of the said,
     the Seller undertakes to maintain complete confidentiality and not to make
     any use of business, economic, commercial or other information that came to
     its knowledge and/or possession during or as a result of the negotiations
     and/or business and will maintain complete confidentiality regarding the
     activity and business of each party and its interests, in all fields of
     activity, including the provisions of the transaction. In addition, the
     parties undertake to maintain complete confidentiality and not make any use
     of information as said, regarding the Company.

     The aforesaid will not apply to information that the Buyer is obligated to
     publish as a public company, according to the law, including the Securities
     Act and the provisions installed according thereto, provided that any
     exposure or publication of information as said, will be arranged in advance
     in writing with the Seller.

25.  NOTICES

     25.1 All notices that should be given according to the provisions of this
          Agreement will be in writing and sent to the addresses indicated in
          the preamble to this Agreement or other address informed in writing by
          one party to the other.

     25.2 All notices will be sent by messenger, registered mail or facsimile.
          Notice sent by registered mail will be considered as received within
          seven (7) days from dispatch thereof, notice sent by messenger or
          facsimile, will be considered as received one business day after
          dispatch thereof.

      IN WITNESS THEREOF THE PARTIES HAVE HEREUNTO SIGNED IN THE PLACE AND
                              DATE INDICATED ABOVE:

SIGNED:                 Signed with stamp:
                        BENTAL INVESTMENTS COOPERATIVE AGRICULTURAL SOCIETY LTD.
                        --------------------------------------------------------
TAT TECHNOLOGIES LTD.   BENTAL INVESTMENTS COOPERATIVE AGRICULTURAL SOCIETY
                        LTD.

By:      DOV TSEELIM                        By: SHAUL GOR
         -----------                        -------------
         Yisrael Ofan                       Shafrir (Shafi) Mor

                                       20EXHIBIT 4.9

                             SHAREHOLDERS' AGREEMENT
       ENTERED AND SIGNED IN TEL AVIV ON THE DAY OF THE 21ST OF MAY, 2008

BETWEEN:       BENTAL INVESTMENTS COOPERATIVE AGRICULTURAL SOCIETY LTD.
               Cooperative Society No. 570043372
               Kibbutz Marom Golan
               (Hereinafter: "BENTAL")

                                                                ON THE ONE PART;

AND:           TAT TECHNOLOGIES LTD.
               Public Company No. 520035791
               P.O. Box 80, Gedera 70750
               (Hereinafter: "TAT")

                                                             ON THE SECOND PART;

AND:           TAT INDUSTRIES LTD.
               Private Company No. 520032830
               P.O. Box 80, Gedera 70750
               (Hereinafter: "TAT INDUSTRIES")

                                                              ON THE THIRD PART;

(TAT Industries and TAT Technologies will hereinafter be called together: "TAT")

(TAT and Bental will hereinafter be called together: "THE SHAREHOLDERS")

AND:            BENTAL INDUSTRIES LTD.
                Private Company No. 511911760
                Kibbutz Marom Golan 12436
                (Hereinafter: "THE COMPANY")

                                                             ON THE FOURTH PART;

WHEREAS        the Shareholders (through associated corporations) and others,
               signed a Founders Agreement on December 1, 1993, arranging
               various provisions for establishing the Company and management
               thereof (hereinafter: "FOUNDERS AGREEMENT");

<PAGE>

AND WHEREAS    TAT and Bental engaged in a share sales and options agreement on
               March 27, 2008, whereby Bental will sell TAT 27% of the Company's
               issued and paid share capital, as defined in the sales agreement
               and in addition call options and put options, as defined in the
               sales agreement, were granted, whereby TAT may purchase approx.
               18% more of the Company's issued and paid share capital held by
               Bental (hereinafter, respectfully: "SALES AGREEMENT" and "OPTION
               SHARES");

AND WHEREAS    concurrently with the Sales Agreement, TAT and Mivtach Shamir
               Holdings Ltd. (hereinafter: "MIVTACH") signed an additional sales
               agreement, whereby Mivtach would sell TAT all its holdings in the
               Company (forming 10% of the Company's issued share capital), to
               that in total after the closing date of both transactions as
               said, TAT would hold approx. 52% of the Company's issued share
               capital (before exercising the Option Shares as aforesaid) and
               will become the controlling shareholder of the Company as defined
               in the Securities Act, 5728-1968 (hereinafter: "SECURITIES ACT");

AND WHEREAS    the Company and shareholders wish to settle a number of issues
               referring to the relations between them as shareholders in the
               Company after engaging in the Sales Agreement and after selling
               Mivtach's holdings in the Company to TAT, so that INTER ALIA, the
               Founders Agreement will come to an end and be replaced by the
               provisions of this Agreement as specified below;

NOW THEREFORE IT IS DECLARED, STIPULATED AND AGREED BETWEEN THE PARTIES AS
FOLLOWS:

1.   PREAMBLE AND INTERPRETATION

     1.1  The preamble and appendixes to this Agreement constitute an integral
          part thereof.

     1.2  Division of this Agreement into clauses and sub-clauses and the
          headings that appear therein, were added purely for convenience
          purposes and should not be used for interpreting the Agreement.

     1.3  The terms that appear in this Agreement will have the meanings
          attributed to them in the Sales Agreement, except if explicitly
          determined otherwise.

                                       2
<PAGE>

     1.4  "CONTROL" for purpose of this Agreement means one of the following:
          (a) holding more than 50% if the voting rights in a corporation's
          general assembly; or (b) the right to appoint more than 50% of the
          corporation's directors.

2.   AMENDMENT OF THE COMPANY'S ARTICLES OF ASSOCIATION

     The Company undertakes to convene a general assembly for approving the
     replacement of the Company's Articles of Association according to the
     version attached to this Agreement as APPENDIX 2 at the earliest
     convenience after signing this Agreement.

3.   MINORITY RIGHTS

     3.1  Until the Initial Public Offering of the Company's shares
          (hereinafter: "PUBLIC OFFERING"), decisions by the Company's Board of
          Directors, Board committees and general assembly will be made by
          regular majority of votes of all those present and entitled to vote in
          the Company's Board of Directors, Board committees and general
          assembly, as applicable. Despite this provision, as long as Bental
          holds not less than 10% of the Company's issued and paid share
          capital, no decision by any of the organs specified above, referring
          to issues mentioned in clause 3.2 below, will be made unless approved
          by prior, written decision of Bental. The provisions of this clause
          will apply with the required modifications to the Company's
          subsidiaries.

     3.2  Following are the special issues:

          3.2.1 Sale of all or most of the Company's assets (tangible and
               intangible) and/or its activity.

          3.2.2 Liquidation of the Company or winding up its businesses.

          3.2.3 Allocating Company shares or other securities, except for a
               Public Offering that reflects a company value of NIS 100M or
               more, on the eve of the said Offering.

                                       3
<PAGE>

          3.2.4 Performing investments by Company shareholders (including loans,
               granting guarantees and/or sureties) exceeding a total amount of
               NIS 7M (seven) per year, (hereinafter: "INVESTMENT CEILING"). For
               the avoidance of doubt, Bental's consent will also be required in
               case of deviation from the Investment Ceiling necessary for
               financing the purchase of other companies or corporations.

          3.2.5 Transaction for merging the Company with another company and any
               other restructuring process.

          3.2.6 Transactions between the Company and interested parties therein,
               as defined in the Securities Act or any party associated with an
               interested party, including employment, payment of wages or any
               other benefit to a Company shareholder or associated party,
               including amendment and/or termination of an agreement or
               arrangement with such party.

               In this Agreement "associated party" to a Company shareholder
               means - (a) a controlling shareholder in an interested party of
               the Company; (b) an officer in an interested party; and (c) a
               corporation in which an interested party of the Company or
               controlling shareholder of the said interested party, holds,
               directly or indirectly, 25% or more of the capital and/or
               control.

          3.2.7 Division of Company profits, except division of profits
               according to clause 7 below.

          3.2.8 Any issue which requires a special resolution according to the
               law and/or issues specified below:

               3.2.8.1 Change in rights attached to shares.

               3.2.8.2 Increasing capital.

               3.2.8.3 Combining, splitting or decreasing capital.

               3.2.8.4 Determining authorities for directors beyond the
                    authorities stipulated in the Articles of Association or
                    according to the law.

                                       4
<PAGE>

4.   GENERAL ASSEMBLY

     4.1  The legal quorum for a general assembly of the Company's shareholders
          will be the presence of one or more shareholders, holding or holding
          together at least 75% of the Company's issued share capital.

     4.2  If following thirty minutes from the time scheduled for beginning the
          Company's general assembly, legal quorum will not be present, the
          general assembly will be postponed by one week, to the same day, same
          hour and same place and the legal quorum for the second general
          assembly as said, will be the presence of one or more shareholders,
          holding or holding together at least 51% of the Company's issued share
          capital. If after thirty minutes from the time scheduled for beginning
          the second general assembly as said legal quorum will not be present,
          the assembly will convene regardless of the number of participants.

     4.3  Subject to the said in clauses 4.1 and 4.2 above, a decision raised
          for vote in the Company's general assembly, will be decided by regular
          majority of votes of those present in the assembly. Each regular share
          of the Company will award the owner thereof, INTER ALIA, the right to
          one vote in the Company's general assemblies.

5.   COMPANY'S BOARD OF DIRECTORS

     5.1  It is agreed that as of the date of signing this Agreement, the
          division of directors in the Company will be as follows: TAT will
          appoint 3 directors on its behalf and Bental will appoint 2 directors
          on its behalf.

     5.2  As long as Bental holds not less than 24% of the Company's issued and
          paid share capital, Bental will be entitled to appoint 2 directors on
          its behalf. If Bental's rate of holdings will decrease to less than
          24% of the Company's issued and paid share capital, but will be more
          than 10% of the Company's issued and paid share capital, Bental will
          be entitled to appoint one director on its behalf.

                                       5
<PAGE>

     5.3  Legal quorum for meetings of the Board will be three directors,
          provided that at least one director appointed by Bental is present.

          In lack of legal quorum as aforesaid, a postponed meeting will be held
          two business days after the date scheduled for the postponed meeting,
          and despite the aforesaid, in such meeting, any two Company directors
          will form legal quorum.

     5.4  Decisions by the Board will be made by regular majority of the
          directors present in the deliberation for vote. The chairman of the
          Board will not be entitled to additional or decisive voting rights.

     5.5  The Company's Executive Director, by virtue of his position as such,
          will be invited to each Board meeting and will be entitled to express
          his opinion to the Board as well as suggest matters for the agenda,
          but will not participate in votes by the Board.

     5.6  The parties agree that if the Company will decide to establish any
          Board committees, including a Board committee for electing the
          Company's Executive Director, then the composition of members in such
          committees as said, will be in relative proportion to the composition
          of the Board, so that Bental will be represented in such committees as
          long as Bental is entitled to appoint director/s. If the Company will
          decide not to establish a Board committee for electing the Company's
          Executive Director, the decision as said will be made by the Company's
          Board with the presence of Bental's representatives.

     5.7  The provisions of this clause 5 will apply with the required
          modifications to subsidiaries controlled by the Company.

6.   OBLIGATIONS REFERRING TO KIBBUTZ MAROM GOLAN (HEREINAFTER: "THE KIBBUTZ")

     6.1  The Company undertakes to Bental, that the location of the factory
          where the Company's manufacturing and production activities are
          executed will not be relocated outside the area of Kibbutz Marom
          Golan, without Bental's consent.

                                       6
<PAGE>

     6.2  The Company undertakes that the agreements specified in APPENDIX 6.2
          of this Agreement, signed between the Company and the Kibbutz will
          remain valid and the Company will occasionally extend them as
          necessary, provided that their extension is reasonable under the
          circumstances of the matter.

     6.3  Subject to the law, the Company undertakes to prefer hiring Kibbutz
          members for work in the Company and/or the factory, under acceptable
          market conditions, provided that any applicant suggested by the
          Kibbutz for a certain position, pass the examinations and criteria
          required for the position, as defined by the Company's Board from time
          to time, provided that equal conditions are maintained between job
          applicants who are not members of the Kibbutz and those who are
          members of the Kibbutz. In addition, the Company undertakes to Bental
          that it will not dismiss Company or factory employees, who are
          residents of the Kibbutz without receiving Bental's prior written
          consent, except for dismissal due to Company's reducing the labor
          force and increasing efficiency or dismissal for reasons that do not
          entitle the employee to severance pay. Furthermore, it is agreed that
          if the need for dismissing employees will arise, as aforesaid, and
          there will be a choice between dismissing employees in similar
          positions, with similar skills, dismissing employees who are not
          Kibbutz members will be preferred.

     6.4  The obligations said in clause 6 above, will be valid even if Bental
          will cease being a Company shareholder. Moreover, it is clarified that
          until the Public Offering of the Company, there will not be any
          implications on the obligations mentioned in this clause 6.

7.   DIVIDEND DISTRIBUTION POLICY

     Concurrently with the approval of the Company's annual audited financial
     statements by the Company's Board, the Company will designate and
     distribute dividends to its shareholders at an extent of 50% of the Company
     dividable profits according to the law, subject to the Board's decision,
     the provisions of the law and/or agreements that the Company is a party to.

                                       7
<PAGE>

8.   RIGHT OF FIRST REFUSAL IN TRANSFERRING COMPANY SHARES

     Any transfer of Company shares or rights to Company shares of any sort,
     including options and other securities convertible into Company shares, by
     any of the Company's shareholders (hereinafter: "THE Offerer") will be
     subject to the right of first refusal to be given to the other shareholders
     (hereinafter: "THE OFFEREES") according to the following conditions:

     8.1  The Offerer asking to transfer his shares in the Company, all or part
          thereof, will be obligated to first offer the shares, which the
          Offerer is interested in transferring (hereinafter: "OFFERED SHARES"),
          to the Offerees in writing and specify in such offer (hereinafter:
          "OFFER NOTICE") the identity of the third party asking to receive the
          Offered Shares by transfer (hereinafter: "THIRD PARTY"), quantity of
          Offered Shares and terms to apply to the said transfer, as agreed
          between the Offerer and the Third Party (hereinafter: "TRANSFER
          TERMS").

     8.2  If the Offerees or anyone of them notified the Offerer of their wish
          to purchase the Offered Shares within fourteen (14) days from the date
          of receiving the Offer Notice, and the total number of notices from
          Offerees equals or exceeds the number of Offered Shares, to be
          transferred according to the price and terms indicated in the Offer
          Notice, then the Offered Shares will be transferred to the Offerees
          who responded to the Offer Notice, in relative portion to their
          holdings at the time, provided that in any case, an Offeree will not
          be obligated to purchase a quantity of shares that exceeds the amount
          indicated in his notice of interest to purchase the shares.

     8.3  If the Offerees did not notify of their wish to purchase all the
          Offered Shares or notified of their wish to purchase only part of the
          Offered Shares, which is not in proportion to their holdings, the
          right of first refusal will not apply and the Offerer will be entitled
          to transfer all the Offered Shares to the Third Party within ninety
          (90) days from the date of receiving the Offer Notice for the
          Offerees. Statements of the Offerer and the Third Party will be
          attached to transfer deed, declaring that the Third Party purchased
          the Offered Shares for the price and terms specified in such
          statement, which will not be preferable for the Third Party compared
          to the price and terms in the original Offer Notice.

                                       8
<PAGE>

9.   RIGHT TO TAG ALONG

     9.1  In any case where Company shares are offered for sale by TAT (or
          anyone to replace TAT) or its permitted transferee, as defined below
          (hereinafter together in this clause: "TAT") and Bental or its
          permitted transferees (hereinafter together in this clause: "BENTAL")
          did not activate the right of first refusal awarded to them as said in
          clause 8 above, then Bental will have the option of participating in
          the sale of shares as specified below (hereinafter: "RIGHT TO TAG
          ALONG").

     9.2  The Right to Tag Along will not apply to permitted transfers as
          defined below.

     9.3  Within 10 business days from the day of receiving notice from TAT
          regarding the sale of shares as aforesaid in clause 8.1 above, Bental
          will be entitled to notify of its wish to exercise the option to
          participate in the sale of the Offered Shares. In such case, Bental
          will be entitled to participate in the sale with TAT, in relative
          proportion to the quantity of Company shares held by Bental at the
          time (pro rata amongst them) and under the same terms as TAT.

     9.4  If and as far as Bental decides to exercise its right to Tag Along,
          Bental will be obligated to submit written notice signed by Bental
          until the date determined in clause 9.3 above, informing that Bental
          irrevocably exercises its right to Tag Along in the sale. If notice as
          said is submitted by Bental, TAT will not be entitled to sell its
          Offered Shares without adding the shares that Bental wishes to sell as
          part of such sale, as said in clause 9.3 above.

     9.5  Upon submitting notice as said, Bental will undertake to transfer the
          shares it wishes to sell according to such right, being free of any
          pledge, lien, attachment, debt or any rights of third parties, in
          exchange for payment of consideration for the shares.

10.  PERMITTED TRANSFERS

     Despite all the said in this Agreement, the provisions of clauses 8 and 9
     above will not apply to transfer of shares to transferees specified below
     (hereinafter in this Agreement: "PERMITTED TRANSFEREES") and repeated
     transfer from the Permitted Transferees back to the transferors. Transfers
     to Permitted Transferees will be subject to the provisions of this clause
     below, the provisions of the law and the Company's certificates of
     incorporation.

                                       9
<PAGE>

     10.1 Any transfer of shares by either Bental or TAT to (a) a corporation in
          which the transferor has control as defined in this Agreement,
          directly or indirectly, and as long as the Control as said continues;
          (b) a corporation under joint control with the transferor; (c) a
          corporation controlling the transferor.

     10.2 Transfer of shares according to this clause will only be allowed if
          prior to the transfer, a written undertaking was received from a
          transferee that is a corporation, towards the transferor and the other
          party to this Agreement, that on the date that the extent of control
          in the transferee as on the day of the transfer will no longer exist,
          than one of the following will apply, according to the transferor's
          choice:: (a) the shares that were transferred by the transferor will
          be offered to the other party, according to the provisions of clause 8
          above, with the required modifications, for a price that reflects the
          value of the transferred shares, to be determined by agreement of the
          parties and in lack of agreement, by a value assessor that the parties
          agreed on and in lack of agreement, by a value assessor appointed by
          the President of the Israel Bar Association; or (b) the shares
          transferred by the transferor as said, will be returned to the
          transferring shareholder.

     10.3 In addition to all the aforesaid, Permitted Transferees will sign,
          prior to performing the transfer and as a precondition thereof, an
          undertaking towards the parties to this Agreement, to fulfill the
          obligations of the party that transferred the shares to them,
          according to this Agreement. .

     10.4 It is hereby clarified that a transfer to a "Permitted Transferee"
          will not release a party to this Agreement transferring his shares by
          permitted transfer, from his obligations according to this Agreement
          and he will be obligated thereby together with the Permitted
          Transferee.

                                       10
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11.  PREEMPTIVE RIGHTS IN PURCHASE OF ALLOCATED SHARES

     11.1 In any allocation of shares or securities convertible into Company
          shares, of any type (hereinafter: "OFFERED SECURITIES"), the Company
          will submit a written offer to the Company's shareholders to purchase
          a quantity of shares equaling the total amount of Offered Securities
          multiplied by "the shareholder's relative part" as defined below
          (hereinafter in this clause: "THE OFFER"). The Offer will be in
          writing and will include all details regarding the quantity of Offered
          Securities, quantity of securities that each shareholder is entitled
          to purchase, price thereof, terms of purchase and any other relevant
          information. "THE SHAREHOLDER'S RELATIVE PART" means - dividing the
          total number of Company shares held by the shareholder, except
          deferred shares, by the total issued share capital of the Company,
          except deferred shares.

     11.2 A shareholder will be entitled to exercise the preemptive right
          awarded to him as said in clause 11.1 above, by written notice
          delivered to the Company not later than 15 days from the Offer. If a
          certain shareholder did not exercise his preemptive right as aforesaid
          (hereinafter: "NON-PARTICIPATING SHAREHOLDER"), the other shareholders
          will be entitled to also exercise the part of a Non-participating
          Shareholder, according to their relative parts amongst themselves.

     11.3 If shareholders did not exercise their preemptive right, the Company
          will be entitled to allocate the Offered Securities within 120 days
          from the date of the Offer, according to terms that are not preferable
          for the purchaser of the Offered Securities compared to the terms
          specified in the Offer. If the Company did not sell the Offered
          Securities within the said 120 days, the Offered Securities will be
          subject to preemptive rights of shareholders as said in this clause
          above and so on and so forth.

     11.4 Preemptive rights awarded to shareholders will not apply to: (a)
          granting options to purchase Company shares and/or allocation of
          Company shares to Company employees according to an options/rewards
          plan duly approved by the Company; (b) division of bonus shares to all
          Company shareholders; (c) allocation of shares as a result of
          splitting the Company's share capital.

                                       11
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12.  RIGHT TO INFORMATION

     If Bental will not appoint directors to the Company's Board, Bental will be
     entitled to receive all the reports, financial statements, Company budgets
     and information regarding the Company and its activity, as approved by the
     Company's Board as well as any additional information that Company
     directors are entitled to receive according to the law. In addition, Bental
     will be entitled to review the Company's documents and books and receive
     explanations from the Company's management regarding its activity and
     financial statements, subject to prior scheduling.

13.  ARBITRATION

     13.1 In any case of disputes or differences of opinion between the parties
          in any matter concerning, resulting or associated with entering the
          Agreement, validity, breach, execution or interpretation of this
          Agreement and its appendixes, such will be submitted for decision of a
          single arbitrator. The arbitrator will be Yossi Abadi, Advocate and if
          he is refrained from serving as an arbitrator, an arbitrator will be
          appointed by the buyer and sellers' attorneys and in lack of agreement
          between them after 14 days from the appeal from one party to the
          other, an arbitrator will be appointed by the Israel Bar Association.

     13.2 The arbitrator will be entitled to grant interlocutory orders and
          other temporary remedies that a court of law is authorized to give and
          will be linked and subject to the substantive law, but not laws of
          evidence and legal procedures. The arbitrator will explain his
          arbitration award.

     13.3 The provisions of this clause will be valid as though they are an
          arbitration agreement between the parties and the provisions of the
          addition to the Arbitration Law, 5728-1968, will apply to the
          arbitration procedures and the arbitrator.

14.  GENERAL UNDERTAKING TO PERFORM ACTS AND SIGN DOCUMENTS

     The parties undertake to perform all actions and sign all documents,
     certificates, forms and statements, as required and beneficial for
     performing the provisions of this Agreement. Not to undermine from the
     generality of the aforesaid, the parties undertake to comply with all
     reporting obligations required by the law (including to the Registrar of
     Companies), as entailed in performing this Agreement.

                                       12
<PAGE>

15.  CANCELING THE FOUNDERS AGREEMENT

     Upon signing this Agreement, the Founders Agreement will come to an end and
     this Agreement will replace it.

16.  PROVISIONS TO APPLY AFTER THE PUBLIC OFFERING

     The provisions of this Agreement, except for the provisions of clauses 6,
     13 and 15-20 above and below, will be cancelled from the date of the Public
     Offering and in addition the following provisions will apply:

     16.1 TAT undertakes that as long as it holds over 45% of the Company's
          issued share capital and provided that Bental holds at least 7% of the
          Company's issued share capital, TAT will vote in favor of appointing
          one director whose identity will be determined by Bental (hereinafter:
          "BENTAL'S DIRECTOR") in each general assembly of Company shareholders
          that includes the appointment of Company directors on the agenda. TAT
          will also act as said if the position of Bental's Director was vacated
          for any reason, so that in any case that the rate of holdings of
          Company shares are as said in this clause above, Bental will be
          entitled to representation of one director on its behalf in the
          Company's Board.

     16.2 TAT undertakes that if it will act to sell Company shares held by it,
          all or part thereof, to a Third Party or another shareholder who is
          not a Permitted Transferee (hereinafter: "THE BUYER"), so that after
          the sale as said, the Buyer will hold 45% or more of the Company's
          shares or 25% or more of the Company's shares if there is no other
          shareholder that holds more than 25% of the Company's shares
          (hereinafter: "BUYER OF A CLUSTER OF CONTROL"), Bental will be
          entitled to Tag Along to a sale for the Buyer of a Cluster of Control
          as said according to the following conditions:

          16.2.1 Within 10 business days from receiving notice from TAT of the
               sale of the shares as said in clause 16.2 above, Bental will be
               entitled to notify of its interest in exercising the option to
               Tag Along to the proposed sale. In such case, Bental will be
               entitled to participate in the sale with TAT, in relative
               proportion to the quantity of Company shares held by Bental at
               the time (pro rata amongst them) and under the same terms as TAT.

                                       13
<PAGE>

          16.2.2 If and as far as Bental decides to exercise its right to Tag
               Along, Bental will be obligated to submit written notice signed
               by Bental until the date determined in clause 16.2.1 above,
               informing that Bental irrevocably exercises its right to Tag
               Along in the sale. If notice as said is submitted by Bental, TAT
               will not be entitled to sell its Offered Shares without adding
               the shares that Bental wishes to sell as part of such sale, as
               said in clause 16.2.1 above.

               Upon submitting notice as said, Bental will undertake to transfer
               the shares it wishes to sell according to such right, being free
               of any pledge, lien, attachment, debt or any rights of third
               parties, in exchange for payment of consideration for the shares.

17.  GENERAL

     17.1 Drafts, charts and other documents exchanged between the parties prior
          to the date of signing this Agreement, referring to matters arranged
          in this Agreement, will be perceived as though never done and will not
          be used in any way for interpretation purposes, claims or any other
          purpose referring to matters arranged in this Agreement as said.

     17.2 Any promise or statement of any sort, whether in writing or verbally
          or by manner of conduct or omission, made prior to the date of signing
          this Agreement, referring to matters arranged in this Agreement, will
          be perceived as negated and this Agreement will be perceived as
          including, reflecting and exhausting all the parties statements and
          obligations regarding matters arranged in this Agreement as said.

                                       14
<PAGE>

18.  AMENDMENTS AND WAIVERS

     18.1 Any change or amendment to this Agreement will be done in writing and
          signed by the parties thereto.

     18.2 Not to undermine from the said in this Agreement, in any case that a
          party to this Agreement will not demand the execution of the Agreement
          or any part thereof, this will not be considered as waiving his right
          to do so and any waiver of a breach of any provision of the provisions
          of this Agreement, will not be considered as an continuing waiver of
          the breach.

19.  LACK OF RIGHTS TO A THIRD PARTY

     This Agreement does not award and the parties thereto do not intend to
     award any rights to a Third Party, except rights to a Third Party for the
     Kibbutz as said in clause 6 above.

20.  NOTICES

     20.1 All notices that should be given according to the provisions of this
          Agreement will be in writing and sent to the addresses indicated in
          the preamble to this Agreement or other address informed in writing by
          one party to the other.

     20.2 All notices will be sent by messenger, registered mail or facsimile.
          Notice sent by registered mail will be considered as received within
          seven (7) days from dispatch thereof, notice sent by messenger or
          facsimile, will be considered as received one business day after
          dispatch thereof.

      IN WITNESS THEREOF THE PARTIES HAVE HEREUNTO SIGNED IN THE PLACE AND
                              DATE INDICATED ABOVE:

Signed with stamp:     Signed with stamp:             Signed with stamp:
TAT TECHNOLOGIES LTD.  BENTAL INVESTMENTS             TAT INDUSTRIES LTD.
P.O. BOX 80, GEDERA    COOPERATIVE AGRICULTURAL       P.O. BOX 80, GEDERA 70750
TEL: 08-8595411        SOCIETY LTD.                   TEL: 08-8595411
FAX: 08-8592831        PRIVATE COMPANY: 570043372     FAX: 08-8592831
TAT TECHNOLOGIES LTD.  BENTAL INVESTMENTS             TAT INDUSTRIES LTD.
                       COOPERATIVE AGRICULTURAL
                       SOCIETY LTD.

Signed with stamp:
BENTAL INDUSTRIES LTD.
BENTAL INDUSTRIES LTD.

                                       15

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