Incredimail 2012 Annual Report Download - page 185
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 |
 |
Sincerely,
Perion Network Ltd.
5. Section 1.3 of the Undertaking, in the first paragraph, in lieu of the words “shall not exceed 3.5”, it shall read “
shall not exceed 3.5 in
the financial statements of the first and the second quarter of 2012, and will not exceed 3 in the financial statements of the third and the
fourth quarter of 2012 and the first and the second quarter of 2013, and 2 in the financial statements of the third quarter of 2013
onwards.
”
6. Section 1.4 of the Undertaking, in the first paragraph, in lieu of the amount specified therein “$8,000,000 USD”, it shall read
“
$
4,000,000 USD
”
.
7. The remaining sections of the Undertaking shall not be amended and shall remain in full force and effect. Without derogating from the
foregoing said, the Company acknowledges that this consent does not derogate from other undertakings of the Company towards the
Bank, including any other covenant specified in the Undertaking.