0001178913-09-000551 Sample Contracts

GUARANTY
Ampal-American Israel Corp • March 5th, 2009 • Investors, nec • New York

This GUARANTY (“Guaranty”) is executed as of December 25, 2008, by Yosef A. Maiman (“Guarantor”), for the benefit of Ampal-American Israel Corporation, a New York Corporation (“Lender”).

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MERHAV (M.N.F) LTD 33 Havatzelet Hasharon Street Herzlia, Israel
Original Option Agreement • March 5th, 2009 • Ampal-American Israel Corp • Investors, nec

Reference is made to the Option Agreement, dated as of December 24, 2007 (the “Original Option Agreement”), between Merhav (m.n.f.) Ltd. (“Merhav”) and Ampal-American Israel Corporation (“Ampal”). Capitalized terms used herein but not defined herein shall have the meanings set forth in the Original Option Agreement.

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