ASSIGNMENT AGREEMENTAssignment Agreement • July 7th, 2018
Contract Type FiledJuly 7th, 2018Whereas on 31st March, 2015 the Israeli Government, by its Ministerial Privatization Committee, in accordance with its authority under section 59b of the Government Companies Law 5735 – 1975 (hereafter: the "Government Companies Law", "Ministerial Committee" and "Privatization Decision" accordingly), in decision number "7/חמ", (which canceled decision number "9/חמ" of the Ministerial Committee of February 8th, 2013) decided to privatize Tadmor tourism, hotelier and culinary school (Main Hotelier School Ltd. [in liquidation]), via voluntary liquidation. In addition, the Privatization Decision instructs the liquidator of Tadmor School, High school and Hotel, to work with an oversight committee, that was established according to the Privatization Decision, in order to assign Tadmor School, High school and Hotel's rights and obligations to a third party who will be announced as the Successful Bidder in the Procurement Process (as defined below).