Document:

exhibit_4-7.htm

EXHIBIT 4.7

 

[UNOFFICIAL FREE TRANSLATION TO ENGLISH]

 

Termination of Service Provider Agreement

 

	
Made and Signed on November 29, 2011 in Tel-Aviv

 

	
Between:

	
R.V.B. Holdings Ltd.

A Public Co. No. 520043621

Of 21 Ha'arbaa St., Tel Aviv

(Hereinafter: the “Company”)

 

	
  

	
The First Party

 

	
And:

	
M. Stern Holdings Ltd.

	
  

	
A Private Co. No. 513040717

	
  

	
Of 7 Jabotinsky St., Ramat Gan

(Hereinafter: the “Management Company”)

 

	
  

	
The Second Party

 

	
And:

	
Moshe Stern, ID No. 42609760

	
  

	
Of 16 Zamarot Str., Apartment 91, Herzliyah

(Hereinafter: the “Consultant”)

 

	
  

	
The Third Party

 

Whereas on July 3, 2011, the Company, the Management Company and the Consultant (collectively, the “Parties”) entered into a Service Provider Agreement (the “Agreement”); and

 

Whereas the Parties wish to terminate the Agreement;

 

Therefore It Is Agreed, Stipulated and Declared Between the Parties as Follows:

 

	
  

	
   1.

	
The Parties notify of their mutual consent to terminate the Agreement.

 

	
  

	
   2.

	
The Parties hereby declare that the Agreement will be terminated as of November 1, 2011.

 

	
  

	
   3.

	
The Parties agree that the options to purchase shares of the Company which were granted to the Consultant pursuant to the Agreement will expire immediately upon the signing of this Termination of Service Provider Agreement.

 

	
  

	
   4.

	
The Management Company and the Consultant hereby declare that during the term of the Agreement, the Company paid them all of the payments due which they were entitled to receive pursuant to the terms of the Agreement, including, but not limited to, compensation for the services provided, reimbursement of any and all expenses and any other payment which they were entitled to from the Company. The Management Company and Consultant hereby declare that the Compnay has satisfied all of its obligations towards them.

 

	
  

	
   5.

	
The Parties hereby declare that they do not have nor will they have any claims and complaints against each other, their employees, management and shareholders, with regard to the Agreement and/or its termination, and they release each other, their employees, management and shareholders of and from any and all obligations towards each other with regard to the Agreement.

 

	
  

	
   6.

	
It is hereby clarified that with exception to the obligations of the Management Company and the Consultant with regard to confidentiality, non-competition and intellectual property which continue to remain in effect towards the Company, pursuant to Appendix A of the Agreement, and towards E.E.R. Environmental Energy Resources (Israel) Ltd. (“EER”), pursuant to Section 4 of the addendum to the Agreement, dated February 26, 2009, which was signed on August 31, 2011, between EER, the Consultant and the Management Company, the Management Company and/or the Consultant have no other obligations, directly or indirectly, towards the Company and/or EER. The Company and EER hereby declare that the Management Company and the Consultant are not obligated or required to execute any action on their behalf, and the Company and/or EER shall have no such demand, at the present or in the future, towards the Management Company and the Consultant.

 

  

  

  

 

	
  

	
   7.

	
This agreement shall be governed by the laws of the State of Israel and proper venue shall be in Tel Aviv.

 

	
  

	
   8.

	
Any modification and/or cancellation of a provision of this agreement may be done only by a written instrument signed by all the Parties hereto.

 

In Witness Whereof the Parties Have Set Their Hand:

 

	
/s/ Yitzhak Apeloig

	  	
/s/ Ofer Naveh

	  	
/s/ Moshe Stern

	
The Company

	  	
The Company

	  	
The Consultant

	
Name: Yitzhak Apeloig

	  	
Name: Ofer Naveh

	  	  
	
Title: Chairman of the Board of Directors

	  	
Title: Chief Financial Officer

	  	  

 

	
/s/ Moshe Stern

	  	  
	
The Management Company

	  	  
	
Name: Moshe Stern

	  	  
	
Title: Authorized Signatory

	  	  

 

    I hereby agree to the above stated in Section 6.

 

	
/s/ Yitzhak Apeloig

	  	
/s/ Yossef Hindi

	
E.E.R. Environmental Energy Resources (Israel) Ltd.

	  	
E.E.R. Environmental Energy Resources (Israel) Ltd.

	
Name: Yitzhak Apeloig

	  	
Name: Yossef Hindi

	
Title: Chairman of the Board of Directors

	  	
Title: Deputy Chief Executive Officerexhibit_4-4.htm

Exibit 4.4

 

Management Services Agreement Amendment

Made and entered into in Yavne, October 23, 2011

	
BETWEEN

G. Willi-Food International Ltd.

With its business address at 4 Nahal Harif St., Yavne

(Hereinafter: "Willi-Food")

AND

Gold Frost Ltd.

 With its business address at 4 Nahal Harif St., Yavne

(Hereinafter: "Gold Frost")

(Willi-Food and Gold Frost hereinafter: "the Company")

As the first party

AND

Yossi Willi Management Investments Ltd. (private company No. 512416033)

With its business address at 4 Nahal Harif St., Yavne

(Hereinafter: "the Management Company")

Or a company fully owned by Joseph Williger

As the second party

 

	
WHEREAS

	
On the 16th of March, 2008, the Company and the Management Company entered an agreement for the rendering of management services through Mr. Joseph Williger (hereinafter: "the Agreement"); and

	
WHEREAS

	
The parties wish to amend some of the agreement’s provisions.

NOW THEREFOR, THE PARTIES AGREE AND STUPULATE AS FOLLOWS:

 

	
1.

	
Introduction

 

	
  

	
1.1.

	
The definitions mentioned in this amendment shall have identical meaning to the ones mentioned in the Agreement, unless stated otherwise herein.

 

	
  

	
1.2.

	
The provisions of this amendment shall supersede the provisions of the Agreement and its appendices, in all matters.

 

	
  

	
1.3.

	
The contents of the Agreement and its appendices shall continue to apply, insofar as they are not explicitly superseded by this amendment.

 

	
  

	
1.4.

	
In case of a discrepancy between this amendment and the Agreement, the provisions of this amendment shall prevail.

 

  

  

  

 

	
2.

	
In the second “whereas”, in the preamble to the Agreement, the words “in light of the change in the control of Willi-Food’s parent company, Willi-Food Investments Ltd. (hereinafter: "Willi-Food Investments"), in August, 2007” will be deleted and the words “as CEO of Willi-Food" will be replaced with ""as President of the Willi-Food".

 

	
3.

	
In section 3.1 of the Agreement, the words “as the CEO of Willi-Food” will be replaced with "as the President of Willi-Food".

 

	
4.

	
Section 4.1 of the Agreement will be deleted, and replaced with the following: “This agreement shall remain valid for a period of 3 years, starting on September 15th, 2011 and ending on September 14th, 2014, subjected to the contents of sections 4.2 to 4.7 below (hereinafter: "The Agreement Period”)”.

 

	
5.

	
In section 4.2.1 of the Agreement, the words “36 months in advance” will be replaced with “18 months in advance”. In addition, the words “after a period of six months from the signing of this agreement” will be deleted.

 

	
6.

	
At the end of section 8.1 of the Agreement, the following will be added: “Ltd. (hereinafter: Willi-Food Investments)”.

 

	
7.

	
In section 10 of the Agreement, “immediately” will be replaced with “Starting from September 15th, 2011”.

 

IN WITNESS THEREOF, THE PARTIES HAVE AFFIXED THEIR SIGNATURES:

 

	
G. Willi-Food International Ltd.

	  	
Yossi Willi Management Investments  Ltd.

 

	

Gold Frost Ltd.

	  	 

 

I, the undersigned, Mr. Joseph Williger (the service provider), having read the contents of this amendment in their entirety, hereby agree to be bound by its provisions. I vouch for the Management Company’s obligations towards The Company.

 

	
Joseph Williger

	  	
Date

 

2exhibit_4-7.htm

Exhibit 4.7

 

Management Services Agreement Amendment

Made and entered into in Yavne, October 23, 2011

	
BETWEEN

G. Willi-Food International Ltd.

With its business address at 4 Nahal Harif St., Yavne

(Hereinafter: "Willi-Food")

AND

Gold Frost Ltd.

 With its business address at 4 Nahal Harif St., Yavne

(Hereinafter: "Gold Frost")

(Willi-Food and Gold Frost hereinafter: "the Company")

As the first party

AND

Zwi W. and Co. Ltd. (private company No. 512715970)

With its business address at 4 Nahal Harif St., Yavne

(Hereinafter: "the Management Company")

Or a company fully owned by Zwi Williger

As the second party

 

	
WHEREAS

	
On the 16th of March, 2008, the Company and the Management Company entered an agreement for the rendering of management services through Mr. Zwi Williger (hereinafter: "the Agreement" and "Zwi"); and

	
WHEREAS

	
Zwi resigned from all his positions at Gold Frost on October 17th, 2011, as a result of which, Gold Frost will no longer receive management services from the Management Company through Zwi; and

	
WHEREAS

	
Gold Frost will no longer be a party in the agreement, and none of the parties in the agreement will have any claims or demands concerning the commencement of the agreement, its performance and/or termination; and

	
WHEREAS

	
The parties wish to amend some of the agreement’s provisions.

NOW THEREFOR, THE PARTIES AGREE AND STUPULATE AS FOLLOWS:

 

	
1.

	
Introduction

 

	
  

	
1.1.

	
The definitions mentioned in this amendment shall have identical meaning to the ones mentioned in the Agreement, unless stated otherwise herein.

 

	
  

	
1.2.

	
The provisions of this amendment shall supersede the provisions of the Agreement and its appendices, in all matters.

 

	
  

	
1.3.

	
The contents of the Agreement and its appendices shall continue to apply, insofar as they are not explicitly superseded by this amendment.

 

	
  

	
1.4.

	
In case of a discrepancy between this amendment and the Agreement, the provisions of this amendment shall prevail.

 

  

  

  

 

	
2.

	
"Gold Frost Ltd." will no longer be mentioned as a party to the Agreement in the Agreement header. The words “both, together” will be deleted.

 

	
3.

	
In the second “whereas”, in the preamble to the Agreement, the words “in light of the change in the control of Willi-Food’s parent company, Willi-Food Investments Ltd. (hereinafter: "Willi-Food Investments"), in August, 2007” and “as CEO of Gold Frost” will be deleted.

 

	
4.

	
In section 3.1 of the Agreement, the words “and the CEO of Gold Frost” will be deleted.

 

	
5.

	
Section 4.1 of the Agreement will be deleted, and replaced with the following: “This agreement shall remain valid for a period of 3 years, starting on September 15th, 2011 and ending on September 14th, 2014, subjected to the contents of sections 4.2 to 4.7 below (hereinafter: "the Agreement Period”)”.

 

	
6.

	
In sections 4.2, 4.2.1, 4.3, and 4.6 of the Agreement the words “and /or Gold Frost” will be deleted, and “they” will be replaced with “it”.

 

	
7.

	
In section 4.2.1 of the Agreement, the words “36 months in advance” will be replaced with “18 months in advance”. In addition, the words “after a period of six months from the signing of this agreement” will be deleted.

 

	
8.

	
In section 5.3 of the Agreement, the words “and/or Gold Frost” and “whichever is relevant” will be deleted.

 

	
9.

	
Section 5.6 of the Agreement will be deleted and replaced with the word “cancelled”.

 

	
10.

	
Section 6.1 of the Agreement will be deleted and replaced with the following: “The Management Company will be entitled to a bonus, paid from Company profits (hereinafter: "Bonus") at a rate of 3% of Willi-Food’s deciding profit, if Willi-Food’s deciding profit is lower than 3 million NIS, or 5% of Willi-Food’s deciding profit, if Willi-Food’s deciding profit is higher than 3 million NIS. “Willi-Food’s deciding profit” – Willi-Food's annual adjusted consolidated profits, before taxes and before bonus payments to companies rendering management services for The Company”.

 

	
11.

	
In section 6.2 of the Agreement, the words “Gold Frost, as the subject matter dictates” will be deleted.

 

  

2

  

 

	
12.

	
At the end of section 8.1 of the Agreement, the following will be added: “Ltd. (hereinafter: Willi-Food Investments)”.

 

	
13.

	
In section 10 of the Agreement, “immediately” will be replaced with “Starting from September 15th, 2011”.

 

	
14.

	
Section 12 of the Agreement will be deleted and replaced with the word “Cancelled”.

 

IN WITNESS THEREOF, THE PARTIES HAVE AFFIXED THEIR SIGNATURES:

 

	
G. Willi-Food International Ltd.

	  	
Zwi W. and Co. Ltd.

 

	
 
Gold Frost Ltd.

	  	 

I, the undersigned, Mr. Zwi Williger (the service provider), having read the contents of this amendment in their entirety, hereby agree to be bound by its provisions. I vouch for the Management Company’s obligations towards The Company.

 

	
Zwi Williger

	  	
Date

 

3

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