After Tower and Hatehof: Yorkville Invests 15

million Dollars in Averbuch

Upon Completion of the Agreement, Averbuch will pay 100 thousand dollars to Yorkville
as a "commitment fee". Shalom Averbuch: "the agreement assists the company's business
development"

Michel Udi Averbuch's market equity at the beginning of

_____________________________________________ trade today is 394 million NIS.
Translated from Calcalist, published on 6.9.09, 10:33
Shalom Averbuch, the company's director
Yorkville investment fund announced this
general said, in the company's public
morning (Sunday) of another investment in Israel.
announcement that "the investment agreement will
The company invests up to 15 million Dollars in
assist the group's business development and at the
the stocks of wooden products importer
same time, will enable to decrease the obligo with
Averbuch. Like the company's previous
the banks and the funding costs. Also we are
agreements with Hatehof, Tower and Pangaea
examining the option of expanding the company's
this agreement is also a SEDA, according to which
storage areas – which will enable the reception of
the company receives funds from Yorkville in
new wood products based on our loyal and reliable
exchange for stocks, when Averbuch can
customers' database, thus expressing the advantage
determine the date of investment according to its
in size"
desire, for a period of 3 years.
Wayne Coy, Yorkville's senior vice president
Any demand Averbuch places for the funds is
stated that "we considered the name 'Averbuch' a
limited to 125 thousand dollars each time, and
name which is identified with quality and leading
there should be a time interval of five days
a reputational market in Israel. We look forward to
between the various demands for funding. The
continue the success and to productive work with
price is determined according to the weighted
the company's management".
average of the Averbuch stock price for the five
days prior to the demand and a discount of 5.5%
of the average price is added. Yorkville limits the
investment to up to 4.99% of all of Averbuch's
stocks.

The companies did reach an agreement, but it

is pending the publication of a shelf forecast of the
company, and the affirmation of the Israeli
Securities Authority. Upon its validation,
Averbuch will pay 300 thousand dollars to
Yorkville. One third will be paid upon the
initiation of the agreement, one third will be paid
six months later, and one third will be paid if the
investment exceeds the threshold of 10 million
dollars. The agreement should be finalized and
signed up to 1.11.2009.