Navitas News17 Feb 2023 11:14
All,
Mr Hanan Wolff has become the SeaLion project manager - subject to special meeting on 23/323.
Highlights from the announcement:-
"The partnership believes, as it has also believed in the past, that in light of Mr. Wolff's significant contribution to the establishment ( of the) US activity, including the success of the Bakskin project and the advancement of the Shenandoah project, and light ( of ) His unique experience and skills as manifested during his years of activity within the partnership,
and in particular Mr. Wolff's contribution to the promotion of the Lion Sea project in the Falklands (hereinafter: "the project" or "The SL Project,)" It would be in the best interest of the partnership to continue to receive Mr. Wolff's services as a manager the project. For this reason, the partnership wishes to continue its engagement with Mr. Wolff in the detailed outline below:-
So that he devotes all his time (100%) and efforts to managing the project.
The fixed monthly management fees will be reduced, and will amount to a monthly cost of 121 thousand NIS.
Mr. Wolff will give to the partnership, including to the corporation controlled by the partnership, as he is instructed
The partnership, management services included the management, planning and development of the SL project and execution All the tasks derived from this, including the management of the local office, recruitment and management of the personnel relevant to the project, responsibility for promoting the engineering solutions and the development plan,
Promoting the financing of the project, maintaining government relations in England for support and promotion
The project is for the purpose of reaching the FID in the project, and will therefore be considered as an office bearer
The contract period for receiving the services, as adjusted, and the payment of the consideration (as specified).
In section 4.3.1.2 below (here starting from February 16, 2023 until January 31, 2025, when there is an option to extend the contract for another two years subject to acceptance.
I've added to the translation to make the prose better. My additions are in brackets.
Mogger
https://mayafiles.tase.co.il/rpdf/1506001-1507000/P1506304-00.pdf
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