Exhibit H
Tabriz Anstalt Limited NV
Xxx Xxxxxxxxxxxxx 00
0000 XXXXXXXXX
XXXXXXX
Messrs. Xxxx Xxxxxxxxxx and Xxxx Xxxxxxx
x/x Xxxxxx Xxx.
00 Xxxxx Xx.
Xxxx-Xxxx 00000
XXXXXX
September 4, 1998
Dear Sirs,
Under two letters dated August 27, 1997 and December 21, 1997 we have granted to
you an option ("the Option") to purchase from us up to 1,695,690 (one million
six hundred and ninety five thousand six hundred and ninety) shares of Tefron
Limited against payment of US $17.00 (seventeen) per share.
The consideration for the Option has been determined to be a sum of US
$460,000.00 (four hundred and sixty thousand) payable until June 12, 1998.
Following your request we hereby confirm our consent to delay the payment date
of the Option's consideration until August 12, 1999 against increasing the sum
of the Option's consideration to US $500,000.00 (five hundred thousand).
All the other terms of the Option letter dated August 27, 1997 remain unchanged.
Please confirm by signing the enclosed copy of this letter.
Yours sincerely,
Tabriz Anstalt Limited NV
by
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Xx. Xxxxxxxx Xxxxxxxxx Mr. Philippe Derijckere
Director Director
We confirm our consent to the abovesaid and irrevocably undertake, jointly and
severally, to pay you the sum of US $500,000.00 (five hundred thousand US
Dollars) until August 12, 1999 (inclusive).
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Xx. Xxxx Xxxxxxxxxx Xx. Xxxx Xxxxxxx
