Merhav Ampal Energy Ltd Company No. 51-375407-7Irrevocable Covenant • March 17th, 2008 • Ampal-American Israel Corp • Investors, nec
Whereas we, the undersigned, Merhav Ampal Energy Ltd, Company No. 51-375407-7 (hereafter: “the Company”) have received and/or are to receive from you, Israel Discount Bank Ltd (hereafter: “the Bank”), loans, credit, guarantees and sundry banking services (hereafter: “the credits”) and we accordingly owe and/or shall owe the Bank debts, obligations, charges and various amounts and all in accordance with the Bank’s records as may be valid from time to time and at all times (hereafter: “the debts”), and in connection therewith the Company has signed and/or is to sign, has delivered and/or is to deliver to the Bank various instruments in connection with the credits and/or the debts including and inter alia forms, confirmations, letters of conditions, security and bonds, insurance rights and so forth, in accordance with the Bank’s records as may be from time to time and at all times; accordingly, as security and bond additional to the credits and the debts we do hereby irrevocably warrant,
