Our firm represented Amos Luzon Development and Energy Group Ltd. in a transaction with Gazit, the company’s and company subsidiary’s former controlling shareholder, with respect to capital notes and a shareholders’ loan granted to the company while owned and controlled by Gazit. Within this framework, amongst other things, the shareholders’ loan was converted to convertible bonds, and options and shares were issued as against the interest accumulated as a result of the loan, an existing conversion right of a capital note to shares was reduced and the interest on all capital notes of which the payment constituted a condition for the distribution of dividends sharing, was annulled.