Common use of Transfer of the Bonds Clause in Contracts

Transfer of the Bonds. 7.1 Subject to that stated hereunder in clauses 7.2 – 7.4, the Bonds are transferable in relation to any par value sum, provided that it shall be in whole New Israeli Shekels. Any transfer of the Bonds shall be effected according to a transfer deed drawn up in the customary version for a share transfer, properly signed by the registered Holder or its legal representatives, and by the recipient of the transfer or its legal representatives, which shall be delivered to the Company at its registered office, attaching the Bond Certificates being transferred pursuant thereto, and any other reasonable proof that shall be required by the Company for the sake of proving the transferor’s right to transfer them. Subject to that stated above, the procedural provisions included in the Company’s Articles of Association regarding the mode of transferring shares shall apply, mutatis mutandis, as the case may be, to the mode of transfer of the Bonds and the assignment thereof. 7.2 Notwithstanding that stated above in clause 7.1, and for as long as the Bonds have not been listed for trading on the TASE, the Bonds shall not be transferable by any of the Bondholders without receiving the Company’s prior written consent, at the Company’s absolute discretion, unless to a party that is: (a) an investor listed in the list of investors in sections 15.A(b)(1) or 15.A(b)(2) of the Law; or (b) to the Company or to a subsidiary of the Company. To dispel any doubt, it is hereby clarified that a listing for trading with the framework of the TACT Institutional system is not listing for trading on the TASE. To dispel any doubt, the provisions of this clause shall also apply to any other transferee of the Bonds. It is hereby clarified that any transfer shall be subject to the restrictions prescribed in clause 2.5 of the Trust Deed. 7.3 If any compulsory payment whatsoever shall apply to the transfer deed of the Bonds, the party requesting the transfer must deliver reasonable proof of the payment thereof to the Company. 7.4 In the event of a transfer of only a portion of the total par value of the Bonds in This Certificate, the Bond Certificate must first be split, pursuant to the provisions of clause 9 hereunder, into the number of Bond Certificates so required, in such manner that the total sums of the par value in them shall be equal to the total par value in the said Bond Certificate. 7.5 After the fulfillment of all these conditions, the transfer shall be recorded in the Register, and all of the conditions specified in the Trust Deed and in This Bond shall apply to the transferee. 7.6 All expenses and commissions involved in the transfer shall apply to the party requesting the transfer.

Transfer of the Bonds. 7.1 Subject to that stated hereunder in clauses 7.2 – 7.4, the The Bonds are transferable in relation to any the entire par value sumthereof, and even regarding a portion thereof, provided that it shall be in whole New Israeli Shekels. Any transfer of the Bonds (excluding a transfer being carried out by way of trading on the TASE) shall be effected according to a transfer deed drawn up in the customary version for a share transferversion, properly signed by the registered Holder or its legal representatives, representatives and by the recipient of the transfer or its legal representatives, which shall be delivered to the Company at its registered office, attaching the Bond Certificates being transferred pursuant thereto, and any other reasonable proof that shall be required by the Company for the sake of proving the transferor’s 's right to transfer them. Subject If tax or any other compulsory payment shall apply to that stated abovea transfer deed for the Bonds, proof of the procedural provisions included in payment thereof must be delivered to the Company to the Company’s 's satisfaction. The provisions of the Company's Articles of Association regarding applicable to transfers of fully paid-up shares and the mode of transferring shares assignment thereof shall apply, mutatis mutandisMUTATIS MUTANDIS, as the case may be, to on the mode of transfer of the Bonds and the assignment thereof. 7.2 Notwithstanding that stated above in clause 7.1, and for as long as the Bonds have not been listed for trading on the TASE, the Bonds shall not be transferable by any of the Bondholders without receiving the Company’s prior written consent, at the Company’s absolute discretion, unless to a party that is: (a) an investor listed in the list of investors in sections 15.A(b)(1) or 15.A(b)(2) of the Law; or (b) to the Company or to a subsidiary of the Company. To dispel any doubt, it is hereby clarified that a listing for trading with the framework of the TACT Institutional system is not listing for trading on the TASE. To dispel any doubt, the provisions of this clause shall also apply to any other transferee of the Bonds. It is hereby clarified that any transfer shall be subject to the restrictions prescribed in clause 2.5 of the Trust Deed. 7.3 If any compulsory payment whatsoever shall apply to the transfer deed of the Bonds, the party requesting the transfer must deliver reasonable proof of the payment thereof to the Company. 7.4 In the event of a transfer of only a portion of the total par value of the Bonds registered in This the Bond Certificate, the Bond Certificate Certificates must first be split, pursuant to the provisions of clause 9 14 hereunder, first into the number of Bond Certificates so required, in such manner that the total sums of the par value in them registered therein shall be equal to the total sum of the par value of the Bonds registered in the said Bond Certificate. 7.5 . After the fulfillment of all these conditions, the transfer shall be recorded in the RegisterRegister for the Relevant Series, and the Company shall be allowed to demand that a note regarding the transfer as stated shall be recorded on the Certificate of the Bonds being transferred, which shall be delivered to the transferee, or that a new Bond Certificate shall be issued to the transferee, and all of the conditions specified in the Trust Deed and in This Bond Certificate of the Bonds being transferred shall apply to the transferee. 7.6 All expenses and commissions involved in the transfer shall apply , so that, every reference to the party requesting "holder" shall be deemed to mean "the transfertransferee" and the transferee shall be deemed the "holder" for the purposes of the Trust Deed for the Relevant Series.