TRANSLATION FROM THE ORIGINAL HEBREW (for convenience only; the binding version is the original Hebrew version) MEMORANDUM OF AGREEMENTS Drawn up and signed in Tel-Aviv on __ February 2007 between:Memorandum of Agreements • June 19th, 2007 • Scailex CORP Ltd. • Printing trades machinery & equipment
WHEREAS the State of Israel and Oil Refineries Ltd. (hereinafter: "ORL") publicized a prospectus, pursuant whereto the State shall offer up to 56% of ORL's share capital to the public by the end of February, and shall register 44% of the ORL's share capital, which were previously offered to institutional investors, for trading on the Tel-Aviv Stock Exchange Ltd. (hereinafter: "TASE") (hereinafter jointly: "the Offering");
