Ann: Appendix 3B, page-41

I noticed this in GMVs nice news today. Presumably WBT will have access to the Israeli government as guarantor when the time comes too. I think its quite amazing risk mitigation that I wasn't previously aware of.

For all purchase orders submitted, FCL will obtain a letter of credit from a first class bank. FCL will provide this letter of credit to G Medical at the time of making the purchase order. G Medical will exchange this letter of credit with an Israeli government insurance company to receive immediate payment.

This is a facility available to all Israeli companies to assist them with the growth of their businesses. G Medical takes out the insurance through ICIC - The Israel Credit Insurance Company - which is the leading credit insurer in Israel. The facility provides protection to G Medical in the cases of; Customer default - a situation in which the customer enters bankruptcy (insolvency) in various forms: freezing of proceedings, creditor arrangements, appointment of liquidator, etc; Incompetent non-payment - a situation in which the customer experiences financial difficulties that prevent him from paying his debt to the insured. Further information on such facilities can be found at http://www.icic.co.il