July 1, 2009
Exhibit 4.8
July 1, 2009
To,
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Xx. Xxxxxxx Zuaretz
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Hand delivered
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Moshav Neve Mivtach
Hello Avraham,
Re: Unprotected Lease Agreement (Business Structure) dated November 28, 2001
Further to our yesterday's meeting, I would like to put down in writing the agreements reached between us in connection with amending the above referenced lease agreement (hereinafter: the "Agreement"). I would appreciate it if you confirm the agreements detailed hereinafter with your signature at the bottom of this letter:
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1.
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RRsat Global Communications Network Ltd. (formerly, R.R. Satellite Communications Ltd.) (hereinafter: "RRsat") is granted a right to extend the term of the Agreement by two additional terms of 5 years each, i.e. from 1.1.2012 until 31.12.2016 and from 1.1.2017 until 31.12.2021 (hereinafter: the "Optional Terms").
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2.
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In consideration for your courteous agreement to grant RRsat the right to extend the Agreement for the Optional Terms, RRsat agrees that commencing as of July 1, 2009 and for the entire duration of the lease period, including the Optional Terms, the rent will be [* * *] per month, plus VAT according to law.
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3.
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It is agreed that RRsat shall be entitled to [* * *] with a written notice which will be sent to you [* * *].
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4.
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Except as specifically stated above, all other terms of the Agreement will remain in effect without any change.
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Sincerely,
(signature)
Xxxxx Xxxxx, Founder and CEO
I confirm my consent to the above:
(signature)
_______________
Avraham Zuaretz
Date: ______________
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Main Offices: 0 Xxxxxxx Xx., Xxxxxxxxxx Xxxx, Xxxx 00000, Xxxxxx Tel: x000-0-0000000 Fax: x000-0-0000000
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Marketing Department: Reem Junction, D.N. Shikmim 00000, Xxxxxx Tel: x000-0-0000000 Fax: x000-0-0000000
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| xxxx@xxxxx.xxx • xxx.xxxxx.xxx |
*** Confidential portions of this document have been redacted and filed separately with the Security and Exchange Commission.
