AMENDMENT TO MEMORANDUM OF UNDERSTANDING

Exhibit 10.20

AMENDMENT TO MEMORANDUM OF UNDERSTANDING

THIS AMENDMENT TO THE MEMORANDUM OF UNDERSTANDING (the “Amendment”) is made and entered into as of the 14th day of June, 2013, by and between Antarctic Sea Fisheries, S.A., a corporation organized and existing under the laws of Chile, tax payer N° 00.000.000-0, represented by Xx. Xxxxxxx Xx Xxxxxx B., Chilean tax payer N° 8.882.183-1, and by Xx. Xxxxx Xxxxx E., Chilean tax payer N° 10.859.639-2, all domiciled at Xxxxx Xxxxx Xx000, Xxxxx Xxxxxx, Xxxxx (“ASF”); and Enzymotec Ltd., a company organized and existing under the laws of Israel, tax payer N° [●], represented by Xx. Xxxxx Xxxx, both domiciled as of Sagi 2000 Industrial Park, XXXxx 0, Xxxxxx Xxxxxxx 00000, Xxxxxx (“Enzymotec”).

WITNESSETH:

WHEREAS, ASF and Enzymotec entered into that certain Memorandum of Understanding on April 2013 (the “MOU”); and

WHEREAS, ASF and ENZYMOTEC desire to amend the MOU in accordance with the terms of this Amendment;

NOW THEREFORE, the parties hereby agree as follows:

1. The MOU is hereby amended by adding the following as a new section FIFTEENTH to the MOU:

“FIFTEENTH:                    Confidentiality

The Parties agree to keep the MOU, its terms and conditions, and all annexed documents of the MOU as confidential, and therefore will not disclose the same to any third party other than their affiliates, attorneys, accountants or other advisors, without a written authorization of the other party. The foregoing shall not prevent any disclosure that is required pursuant to applicable laws or regulations or an order or requirement of a regulator or court of competent jurisdiction.”

2. It is hereby clarified that all other terms and conditions of the MOU shall remain in full force and effect and without change.

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first written above.

ENZYMOTEC LTD.			ANTARCTIC SEA FISHERIES S.A.
By:	/s/ Xxxxx Xxxx		By:	/s/ Xxxxxxx Xx Xxxxxx B.     /s/ Xxxxx Xxxxx E.
Name:	Xxxxx Xxxx		Name:	Xxxxxxx Xx Xxxxxx B.         Xxxxx Xxxxx E
Title:	CEO		Title:	General Manager                Director