Incredimail 2012 Annual Report Download - page 184

Exhibit 4.6
TRANSLATION FOR CONVENIENCE ONLY
BINDING VERSION IS THE ORIGINAL HEBREW
Date: April 15, 2012
To
The First International Bank of Israel Ltd.
Ramat Hachayal Branch (the “ Bank ”)
Dear Sirs,
Re: Amendment to Financial Covenants
Whereas , Perion Network Ltd. (the “ Company ”), is and/or will be indebted to the Bank for various amounts of money on account of credit,
documentary credit, various loans, overdraft on the Company’s checking account, debit or other account, various letter of indemnification and
guaranty, discounts of bills and other banking services made available and that will be made available to the Company and/or other persons
guaranteed by the Company (the “ Banking Services ”); and
Whereas , In order to secure the Banking Services, on September 6, 2011, the Company has inter alia, executed an undertaking for the
compliance with financial covenants (the “ Undertaking ”); and
Whereas , the Bank and the Company have agreed to amend the Undertaking in the manner described below;
THEREFORE , it is hereby agreed by the Company as follows:
1. In Section 1.1 on the fifth paragraph which starts with the words “Intangible Assets on Account of Acquisitions”, in the fourth line, in
lieu of the reference to Section 7.4, it shall refer to Section 9.4.
2. In Section 1.2 of the Undertaking, in the first paragraph on the second line, in lieu of the amount specified therein “$6,000,000 USD”,
it
shall read
“
$
3,000,000 USD
”
.
3. In Section 1.2 of the Undertaking, on the second paragraph in the second line, in lieu of the amount specified therein “$8,000,000
USD
”
,
it shall read
“
$
4,000,000 USD
”
.
4. Section 1.2 of the Undertaking, in the third paragraph on the second line, in lieu of the amount specified therein “$10,000,000 USD”, it
shall read
“
$
5,000,000 USD
”
.