Exhibit G

                                                                       Exhibit G


                                               December 21, 1997


Tabriz Anstalt Limited NV
0000 Xxxxxxxxx Xxxxxxxxxx
Xx Xxxxxxxxxx 00
Xxxxxxx

Messrs. Xxxx Xxxxxxxxxx and Xxxx Xxxxxxx
c/o Tefron Ltd.
00 Xxxxx Xx.
Xxxx-Xxxx 00000
Xxxxxx

Dear Sirs,

Whereas on August 27, 1997 we have granted you an option ("the Option") to
purchase from us shares of Tefron Limited ("Tefron") at the terms stated in the
Option letter; and

Whereas the consideration for the Option has been determined to be a sum of US
$442,000.00 (four hundred forty two thousand US Dollars) payable within 90
(Ninety) days from the date of your consent confirmation (September 10, 1997)
namely until December 9, 1997; and

Whereas after the conclusion of The Initial Public Offering it is now know that
we still own 1,695,690 (one million six hundred and ninety five thousand six
hundred and ninety) shares of Tefron being the subject matter of the Option and
that the price to be paid by you in the event you will decide to exercise the
Option will be US $17.00 (seventeen) per share; and

Whereas you have requested that we shall agree to delay the payment date of the
Option's consideration and agreed in return that the sum of the consideration
will be increased;

Now Therefore we hereby confirm that it has been agreed between us as follows:


1.       The sum of the Option's consideration is increased to US $460,000.00
         (four hundred and sixty thousand US Dollars).

2.       The said sum is payable until June 12, 1998 (inclusive).

3.       All the other terms of the Option letter remain unchanged.

Please confirm by signing the enclosed copy of this letter.


                                             Yours Sincerely,

                                             Tabriz Anstalt Limited NV


by
   -------------------------------           ----------------------------------
       Xx. Xxxxxxxx Xxxxxxxxx                       Mr. Xxxxxxxx Xxxxxxxxxx
              Director                                      Director


We confirm our consent to the abovesaid and irrevocably undertake, jointly and
severally, to pay you the sum of US $460,000.00 (four hundred and sixty thousand
US Dollars) until June 12, 1998 (inclusive).


----------------------------------           ----------------------------------
      Xx. Xxxx Xxxxxxxxxx                                Xx. Xxxx Xxxxxxx