Loan Agreement Executed on January 15, 2009 Between: Elron Electronic Industries Ltd. Reg No. 520028036 3 Azrieli Center, Triangle Tower, 42nd Floor, Tel-Aviv, Israel (“the Borrower”)Loan Agreement • December 2nd, 2009 • Elron Electronic Industries LTD /Ny/ • Investors, nec
And whereas The Lender has provided the Borrower with a loan in an amount of the new Israeli shekels equivalent of six million US dollars (USD 6,000,000), pursuant to the agreement entered into between the parties on October 30, 2008;
