Exhibit Xx. 00.0
Xxxxxxxxx Xx. 0, dated June 16, 1998, to that certain letter agreement
(the "Agreement"), dated September 9, 1997, between Ampal Industries (Israel)
Limited ("Ampal") and Xx. Xxx Xxxxxxxxx.
WHEREAS, Ampal and Xx. Xxxxxxxxx wish to amend the Agreement by increasing
the compensation that Ampal pays Xx. Xxxxxxxxx.
NOW, THEREFORE, it is agreed as follows:
1. The first sentence of paragraph 2 of the Agreement is hereby amended
and restated to read in its entirety as follows:
"As compensation for your services, you will receive a salary of
US$175,000 per annum, payable in the equivalent in NIS and subject to all
required income tax withholding."
3. This Amendment shall be effective as of April 1, 1998.
4. Except as otherwise amended hereby, the Agreement shall remain in full
force and effect.
5. This Amendment may be executed by the parties hereto in one or more
counterparts, each of which together
shall be deemed to constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date set forth above.
AMPAL INDUSTRIES (ISRAEL) LIMITED RAZ XXXXXXXXX
By: /s/ Xxxxxxxx Xxxxxxxx Xxxxxx Xxxxx /s/ Raz Xxxxxxxxx
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Name: Xxxxxxxx Xxxxxxxx Xxxxxx Xxxxx
Title: CEO Legal Advisor
