-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IcOh+s8eZ67kibcO3LTFyybRjcxCP9xt33emnY7DWCuSJv1LN9hYY8xv1ogAUI4S 5+kAKhUCfPfXfaSF0P11Hw== 0001178913-07-000496.txt : 20070313 0001178913-07-000496.hdr.sgml : 20070313 20070313131007 ACCESSION NUMBER: 0001178913-07-000496 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070313 DATE AS OF CHANGE: 20070313 GROUP MEMBERS: AVRAHAM LIVNAT GROUP MEMBERS: DEP TECHNOLOGY HOLDINGS LTD. GROUP MEMBERS: ELRON ELECTRONIC INDUSTRIES LTD. GROUP MEMBERS: IDB DEVELOPMENT CORPORATION LTD. GROUP MEMBERS: IDB HOLDING CORPORATION LTD. GROUP MEMBERS: NOCHI DANKNER GROUP MEMBERS: RUTH MANOR GROUP MEMBERS: SHELLY BERGMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: M WISE INC CENTRAL INDEX KEY: 0001242047 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 113536906 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81247 FILM NUMBER: 07689937 BUSINESS ADDRESS: STREET 1: 10 HASADNAOT STREET STREET 2: HERELIYA PITUACH CITY: ISRAEL STATE: L3 ZIP: 46120 BUSINESS PHONE: 01197299581711 MAIL ADDRESS: STREET 1: 10 HASADNAOT STREET STREET 2: HERELIYA PITUACH CITY: ISRAEL STATE: L3 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DISCOUNT INVESTMENT CORP LTD CENTRAL INDEX KEY: 0001206713 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3 AZRIELI CENTER STREET 2: TRIANGLE BLDG 43RD FLOOR CITY: TEL AVIV STATE: L3 ZIP: 67023 BUSINESS PHONE: 01197236075860 SC 13D/A 1 zk73520.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A Amendment No.1 Under the Securities Exchange Act of 1934 m-Wise, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par value $.0017 Per Share - -------------------------------------------------------------------------------- (Title of Class of Securities) 554042101 - -------------------------------------------------------------------------------- (CUSIP Number) Paul Weinberg, Adv. Elron Electronic Industries Ltd. The Triangular Tower, 42nd Floor 3 Azrieli Center, Tel Aviv 67023 Israel Tel: +972 3 6075555 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 2, 2007 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 249.13d-1(g), check the following box. [_] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) DEP Technology Holdings Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) OO - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 2 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Elron Electronic Industries Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 3 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Discount Investment Corporation Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (*)This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 4 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) IDB Development Corporation Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 5 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) IDB Holding Corporation Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 6 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Nochi Dankner - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 7 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Shelly Bergman - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 8 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Ruth Manor - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 9 of 25 pages SCHEDULE 13D CUSIP NO. 554042101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Avraham Livnat - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use only - -------------------------------------------------------------------------------- 4. Source of funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Israel - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 ------------------------------------------------------------- Number of Shares 8. Shared Voting Power Beneficially 15,019,417 (*) Owned by Each ------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power With: 0 ------------------------------------------------------------- 10. Shared Dispositive Power 15,019,417 (*) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 15,019,417 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 11.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (*) This amount includes an aggregate of 5,263,158 shares that may be acquired upon exercise of a warrant as described in Item 6 of the Statement. Page 10 of 25 pages This Amendment No. 1 on Schedule 13D/A (the "Amendment") amends the Statement on Schedule 13D previously filed with the Securities and Exchange Commission by DEP Technology Holdings Ltd. ("DEP"), Elron Electronic Industries Ltd. ("Elron"), Discount Investment Corporation ("DIC"), IDB Development Corporation Ltd. ("IDB Development"), IDB Holding Corporation Ltd. ("IDB Holding"), Nochi Dankner, Shelly Bergman, Ruth Manor and Avraham Livnat (collectively, "the Reporting Persons") (the "Statement") with respect to the common stock, par value $.0017 per share (the "Common Stock"), of M-Wise, Inc (the "Issuer") to the extent specified herein. Capitalized terms used in this Amendment without being defined herein have the meanings given to them in the Statement. The Amendment is filed by the Reporting Persons in connection with changes in their ownership of the Common Stock as a result of the sale by DEP from February 2, 2007 through March 8, 2007, of an aggregate of 2,188,039 shares of Common Stock in a series of transactions on the open market. The following amends and supplements Items 2 and 5 of the Statement. Item 2. IDENTITY AND BACKGROUND (a), (b) and (c): The Reporting Persons. As of March 8, 2007: DIC owned directly and through wholly owned subsidiaries approximately 49% of the outstanding shares of Elron. IDB Development owned approximately 75% of the outstanding shares of DIC. IDB Holding owned approximately 72% of the outstanding shares of IDB Development. Nochi Dankner (together with a private company controlled by him) and Shelly Bergman owned approximately 55% and 13% respectively of the outstanding shares of, and control, Ganden Holdings. In addition to Shelly Bergman, One of Ganden Holdings' other shareholders, owning in the aggregate approximately 1.7% of Ganden Holdings' outstanding shares, has a tag along right granted to it by Nochi Dankner to participate in certain sales of Ganden Holdings' shares by Nochi Dankner, and such shareholder agreed to vote all its shares of Ganden Holdings in accordance with Nochi Dankner's instructions. In addition to approximately 31.02% of the outstanding shares of IDB Holding owned by Ganden, which is controlled by Nochi Dankner and Shelly Bergman through Ganden Holdings, Ganden owned approximately 6.7% of the outstanding shares of IDB Holding, Ganden Holdings itself owned directly approximately 7.1% of the outstanding shares of IDB Holding, and a private Israeli corporation which is wholly owned by Shelly Bergman owned approximately 7.2% of the outstanding shares of IDB Holding. These additional shares of IDB Holding are not subject to the Shareholders Agreement. Substantially all of these additional shares of IDB Holding owned by Ganden, Ganden Holdings and Shelly Bergman's wholly owned corporation as set forth above were acquired with borrowed funds and are subject to the rights of each respective shareholder's lending institution in the event of default. The name, citizenship, residence or business address and present principal occupation of the directors and executive officers of (i) DEP, (ii) Elron, (iii) DIC, (iv) IDB Development and (v) IDB Holding are set forth in Schedules A, B, C, D and E attached hereto, respectively, and incorporated herein by reference. (d) None of the Reporting Persons, or, to the knowledge of the Reporting Persons, any director or executive officer named in Schedules A, B, C, D and E to this Statement, has, during the last five years, been convicted in any criminal proceeding, excluding traffic violations and similar misdemeanors. (e) None of the Reporting Persons, or, to the knowledge of the Reporting Persons, any director or executive officer named in Schedules A, B, C, D and E to this Statement, has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 5. INTEREST IN SECURITIES OF THE ISSUER As of March 8, 2007, DEP beneficially owns an aggregate of 15,019,417 shares, or 11.2%, of the Common Stock, including an aggregate of 5,263,158 shares of Common Stock which it has the right to acquire upon exercise of the warrant as described in the Statement. This number was calculated based on 128,902,659 shares of the Common Stock outstanding as reported in the Issuer's Prospectus filed under Rule 424(b)(3) with the Securities and Exchange Commission on February 9, 2007. Elron beneficially owns all shares held by DEP as a result of DEP being a wholly owned subsidiary of Elron. Each of DIC, IDB Development, IDB Holding and the Reporting Persons who are natural persons may be deemed beneficial owners of, and to share the power to vote and dispose of, these shares of Common Stock. Page 11 of 25 pages None of the Reporting Persons purchased, and except as set forth in this Amendment, none of the Reporting Persons sold, any shares of Common Stock during the 60 days prior to March 8, 2007. Information provided to the Reporting Persons indicates that the executive officers and directors of IDB Holding, IDB Development, DIC, Elron and DEP did not own, as of March 8, 2007, any Common Stock (including Common Stock that may be acquired pursuant to options or rights to purchase such Common Stock from the Issuer). According to the information provided to the Reporting Persons, none of such executive officers and directors purchased or sold any shares of Common Stock during the last 60 days prior to March 8, 2007. From February 2, 2007 through March 8, 2007, DEP sold an aggregate of 2,188,039 shares of Common Stock in a series of transactions in the open market for a total consideration, before broker commissions, of $408,139, the details of which are set forth below: Sales on NASDAQ National Market System - ------------ ----------------------------- -------------------------------- Date of Sale No. of Shares of Common Stock Price per Share in US Dollars - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2100 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2100 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2000 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2200 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2300 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.2000 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2000 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2000 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2000 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.2200 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2200 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2200 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2050 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2050 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2050 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2050 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2050 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2050 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2050 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.1900 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.2000 - ------------ ----------------------------- -------------------------------- 02/02/07 20,000 0.2000 - ------------ ----------------------------- -------------------------------- 02/02/07 5,000 0.1900 - ------------ ----------------------------- -------------------------------- Page 12 of 25 pages - ------------ ----------------------------- ----------------------------------- Date of Sale No. of Shares of Common Stock Price per Share in US Dollars - ------------ ----------------------------- ----------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- ----------------------------------- 02/02/07 5,000 0.2000 - ------------ ----------------------------- ----------------------------------- 02/02/07 5,000 0.2000 - ------------ ----------------------------- ----------------------------------- 02/02/07 5,000 0.1950 - ------------ ----------------------------- ----------------------------------- 02/02/07 5,000 0.1950 - ------------ ----------------------------- ----------------------------------- 02/02/07 15,000 0.1890 - ------------ ----------------------------- ----------------------------------- 02/02/07 5,000 0.1890 - ------------ ----------------------------- ----------------------------------- 02/02/07 10,000 0.1900 - ------------ ----------------------------- ----------------------------------- 02/02/07 4,300 0.1900 - ------------ ----------------------------- ----------------------------------- 02/02/07 4,000 0.1900 - ------------ ----------------------------- ----------------------------------- 02/05/07 3,000 0.1950 - ------------ ----------------------------- ----------------------------------- 02/05/07 20,000 0.1850 - ------------ ----------------------------- ----------------------------------- 02/05/07 2,000 0.1850 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1900 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1900 - ------------ ----------------------------- ----------------------------------- 02/05/07 3,000 0.1900 - ------------ ----------------------------- ----------------------------------- 02/05/07 7,000 0.1900 - ------------ ----------------------------- ----------------------------------- 02/05/07 25,000 0.1860 - ------------ ----------------------------- ----------------------------------- 02/05/07 25,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 25,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1860 - ------------ ----------------------------- ----------------------------------- 02/05/07 8,472 0.1850 - ------------ ----------------------------- ----------------------------------- 02/05/07 6,528 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1860 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 25,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 8,200 0.1800 - ------------ ----------------------------- ----------------------------------- 02/05/07 6,800 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 5,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 25,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/05/07 10,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/06/07 25,000 0.1700 - ------------ ----------------------------- ----------------------------------- 02/06/07 25,000 0.1750 - ------------ ----------------------------- ----------------------------------- 02/06/07 25,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/06/07 75,000 0.1750 - ------------ ----------------------------- ----------------------------------- 02/06/07 5,000 0.1750 - ------------ ----------------------------- ----------------------------------- 02/06/07 13,000 0.1750 - ------------ ----------------------------- ----------------------------------- 02/06/07 2,000 0.1750 - ------------ ----------------------------- ----------------------------------- 02/06/07 5,000 0.1750 - ------------ ----------------------------- ----------------------------------- 02/06/07 20,000 0.1800 - ------------ ----------------------------- ----------------------------------- 02/06/07 5,000 0.1800 - ------------ ----------------------------- ----------------------------------- Page 13 of 25 pages - ------------ ----------------------------- ---------------------------------- Date of Sale No. of Shares of Common Stock Price per Share in US Dollars - ------------ ----------------------------- ---------------------------------- 02/06/07 20,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/06/07 5,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/06/07 5,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/06/07 20,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/06/07 10,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/06/07 15,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/07/07 5,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/07/07 10,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/07/07 10,000 0.1750 - ------------ ----------------------------- ---------------------------------- 02/07/07 5,000 0.1800 - ------------ ----------------------------- ---------------------------------- 02/07/07 20,000 0.1800 - ------------ ----------------------------- ---------------------------------- 02/07/07 25,000 0.1700 - ------------ ----------------------------- ---------------------------------- 02/07/07 10,000 0.1850 - ------------ ----------------------------- ---------------------------------- 02/07/07 5,000 0.1650 - ------------ ----------------------------- ---------------------------------- 02/07/07 10,000 0.1650 - ------------ ----------------------------- ---------------------------------- 02/07/07 25,000 0.1700 - ------------ ----------------------------- ---------------------------------- 02/07/07 25,000 0.1800 - ------------ ----------------------------- ---------------------------------- 02/07/07 20,000 0.1800 - ------------ ----------------------------- ---------------------------------- 02/07/07 5,000 0.1800 - ------------ ----------------------------- ---------------------------------- 02/07/07 10,000 0.1600 - ------------ ----------------------------- ---------------------------------- 02/07/07 5,000 0.1600 - ------------ ----------------------------- ---------------------------------- 02/07/07 10,000 0.1600 - ------------ ----------------------------- ---------------------------------- 03/02/07 55,700 0.2300 - ------------ ----------------------------- ---------------------------------- 03/02/07 50,000 0.2200 - ------------ ----------------------------- ---------------------------------- 03/02/07 50,000 0.2200 - ------------ ----------------------------- ---------------------------------- 03/02/07 49,039 0.2200 - ------------ ----------------------------- ---------------------------------- 03/05/07 25,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 25,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 10,000 0.2150 - ------------ ----------------------------- ---------------------------------- 03/05/07 40,000 0.2150 - ------------ ----------------------------- ---------------------------------- 03/05/07 50,000 0.2150 - ------------ ----------------------------- ---------------------------------- 03/05/07 100,000 0.2200 - ------------ ----------------------------- ---------------------------------- 03/05/07 50,000 0.2200 - ------------ ----------------------------- ---------------------------------- 03/05/07 5,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 20,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 20,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 5,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 50,000 0.2150 - ------------ ----------------------------- ---------------------------------- 03/05/07 50,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 50,000 0.2140 - ------------ ----------------------------- ---------------------------------- 03/05/07 50,000 0.2140 - ------------ ----------------------------- ---------------------------------- 03/05/07 32,000 0.2100 - ------------ ----------------------------- ---------------------------------- 03/05/07 18,000 0.2140 - ------------ ----------------------------- ---------------------------------- 03/05/07 50,000 0.2140 - ------------ ----------------------------- ---------------------------------- 03/06/07 25,000 0.2090 - ------------ ----------------------------- ---------------------------------- 03/06/07 15,000 0.2000 - ------------ ----------------------------- ---------------------------------- 03/06/07 25,000 0.2090 - ------------ ----------------------------- ---------------------------------- 03/06/07 5,000 0.2090 - ------------ ----------------------------- ---------------------------------- 03/06/07 10,000 0.2050 - ------------ ----------------------------- ---------------------------------- 03/08/07 25,000 0.1720 - ------------ ----------------------------- ---------------------------------- 03/08/07 6,000 0.1750 - ------------ ----------------------------- ---------------------------------- 03/08/07 5,000 0.1720 - ------------ ----------------------------- ---------------------------------- 03/08/07 23,000 0.1700 - ------------ ----------------------------- ---------------------------------- Page 14 of 25 pages - ------------ ----------------------------- ---------------------------------- Date of Sale No. of Shares of Common Stock Price per Share in US Dollars - ------------ ----------------------------- ---------------------------------- 03/08/07 5,000 0.1750 - ------------ ----------------------------- ---------------------------------- 03/08/07 6,000 0.1720 - ------------ ----------------------------- ---------------------------------- 03/08/07 2,500 0.1700 - ------------ ----------------------------- ---------------------------------- 03/08/07 5,000 0.1650 - ------------ ----------------------------- ---------------------------------- 03/08/07 8,000 0.1650 - ------------ ----------------------------- ---------------------------------- 03/08/07 11,700 0.1700 - ------------ ----------------------------- ---------------------------------- 03/08/07 22,800 0.1620 - ------------ ----------------------------- ---------------------------------- Item 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1 - Letter Agreement dated March 11, 2007 between DEP and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of DEP. Exhibit 2 - Letter Agreement dated March 11, 2007 between Elron and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of Elron. Exhibit 3 - Letter Agreement dated June 19, 2006 between IDB Development and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of IDB Development. Exhibit 4 - Letter Agreement dated June 19, 2006 between IDB Holding and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of IDB Holding. Exhibit 5 - Letter Agreement dated June 19, 2006 between Nochi Dankner and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of Nochi Dankner. Exhibit 6 - Letter Agreement dated June 19, 2006 between Shelly Bergman and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of Shelly Bergman. Exhibit 7 - Letter Agreement dated June 19, 2006 between Ruth Manor and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of Ruth Manor. Exhibit 8 - Letter Agreement dated June 19, 2006 between Avraham Livnat and DIC authorizing DIC to file this Statement on Schedule 13D and any amendments hereto on behalf of Avraham Livnat. SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this Amendment No.1 of the Statement is true, complete and correct. Date: March 13, 2007 DEP TECHNOLOGY HOLDINGS LTD. ELRON ELECTRONIC INDUSTRIES LTD. DISCOUNT INVESTMENT CORPORATION LTD. IDB DEVELOPMENT CORPORATION LTD. IDB HOLDING CORPORATION LTD. NOCHI DANKNER SHELLY BERGMAN RUTH MANOR AVRAHAM LIVNAT BY: DISCOUNT INVESTMENT CORPORATION LTD. (signed) BY: ____________________________________ Michel Dahan and Kurt Keren, authorized signatories of Discount Investment Corporation Ltd., for itself and on behalf of DEP Technology Holdings Ltd., Elron Electronic Industries Ltd., IDB Development Corporation Ltd., IDB Holding Corporation Ltd., Nochi Dankner, Shelly Bergman, Ruth Manor and Avraham Livnat, pursuant to agreements annexed to this Amendment No. 1 of the Statement as Exhibits 1 through 8. Page 15 of 25 pages Schedule A Directors and Executive Officers o f DEP TECHNOLOGY HOLDINGS LTD. (as of March 11, 2007) Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION - -------------- -------- ---------------------------- Doron Birger Director President & Chief Executive Officer of Elron 3 Azrieli Center, The Triangular Tower 42nd Electronic Industries Ltd. floor, Tel-Aviv 67023, Israel Rinat Remler Director Vice President, Chief Financial Officer of Elron 3 Azrieli Center, The Triangular Tower 42nd Electronic Industries Ltd. floor, Tel-Aviv 67023, Israel Moshe Fourier Vice President & Vice President & Chief Technology Officer of 3 Azrieli Center, The Triangular Tower 42nd Chief Technology Elron Electronic Industries Ltd. floor, Tel-Aviv 67023, Israel Officer Paul Weinberg Director General Counsel & Corporate Secretary of Elron 3 Azrieli Center, The Triangular Tower 42nd Electronic Industries Ltd. floor, Tel-Aviv 67023, Israel
====================================================================== Schedule B Directors and Executive Officers o f ELRON ELECTRONIC INDUSTRIES LTD. (as of March 11, 2007) Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION - -------------- -------- ---------------------------- Arie Mientkavich Chairman of the Chairman of Elron; Deputy Chairman of Gazit 3 Azrieli Center, The Triangular Tower, 42nd Board of Directors Globe Ltd and Chairman of Gazit Globe Israel floor, Tel-Aviv 67023, Israel (Development) Ltd Ami Erel Director President & Chief Executive Officer of DIC; Chief 3 Azrieli Center, The Triangular Tower, 44th Executive Officer of NetVision Ltd. floor, Tel-Aviv 67023, Israel Avraham Asheri Director Director of companies 12 Yoshpe Street, Apt. 7, Mevasseret Zion 90805, Israel Prof. Yair Be'ery Director Professor - Department of Electrical Engineering, 6 Sweden Street, Tel Aviv University. Petah Tikva 49317, Israel Yaacov Goldman External Director Director of companies 39 Nachlieli Street, Hod Hasharon 45355, Israel
Page 16 of 25 pages
Prof. Gabriel Barbash Director Director General of the Tel Aviv 14 Zisman Street, Sourasky Medical Center. Ramat Gan 52521, Israel Nochi Dankner Director Chairman and Chief Executive Officer of IDB 3 Azrieli Center, The Triangular Tower, 44th Holding; Chairman of IDB Development, DIC and floor, Tel-Aviv 67023, Israel Clal Industries and Investments Ltd.; Director of companies. Avi Fischer Director Executive Vice President of IDB Holding; Deputy 3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd. Shay Livnat Director President of Zoe Holdings Ltd. 26 Shalva Street, Herzlia Pituach 46705, Israel Dori Manor (*) Director Chief Executive Officer of companies in the motor 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group. Ari Bronshtein Director Vice President of DIC 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Arie Ovadia Director Advisor and Director of companies. Harav Amiel 10, Tel Aviv, 62223, Israel Amos Shapira Director Chief Executive Officer of Cellcom Israel Ltd. 10 Hagavish Street, Industrial Zone, Poleg, Netanya 42140, Israel Doron Birger President and Chief President and Chief Executive Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd Executive Officer floor, Tel-Aviv 67023, Israel Moshe Fourier Vice President and Vice President and Chief Technology Officer of 3 Azrieli Center, The Triangular Tower, 42nd Chief Technology Elron. floor, Tel-Aviv 67023, Israel Officer Rinat Remler Vice President, Vice President, Chief Financial Officer of Elron. 3 Azrieli Center, The Triangular Tower, 42nd Chief Financial floor, Tel-Aviv 67023, Israel Officer Assaf Topaz Vice President Vice President of Elron. 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel Yair Cohen Vice President Vice President of Elron 3 Azrieli Center, The Triangular Tower, 42nd floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France. ====================================================================== Page 17 of 25 pages Schedule C Directors and Executive Officers o f Discount Investment Corporation Ltd. (as of March 11, 2007) Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION - -------------- -------- ---------------------------- Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB 3 Azrieli Center, The Triangular Tower, Board of Directors Holding; Chairman of IDB Development, DIC and Clal 44th floor, Tel-Aviv 67023, Israel Industries and Investments Ltd.; Director of companies. Zehava Dankner Director Member of the executive committee of the 64 Pinkas Street, Tel Aviv 62157, Israel Beautiful Israel Council. Zvi Livnat Director Executive Vice President of IDB Holding; Deputy 3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd. Avi Fischer Director Executive Vice President of IDB Holding; Deputy 3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd. Refael Bisker Director Chairman of Property and Building Corporation Ltd. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Jacob Schimmel Director Director of UKI Investments. 17 High field Gardens, London W11 9HD, United Kingdom Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd. Taavura Junction, Ramle 72102, Israel Eliahu Cohen Director Chief Executive Officer of IDB Development. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Gideon Lahav Director Director of companies. 124 Ehad Ha-Am Street, Tel-Aviv 65208, Israel Moshe Arad External Director Director of companies. 14 Shay Agnon Street, Jerusalem 92586, Israel Isaac Manor (*) Director Chairman of companies in the motor vehicle sector 26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group. Dori Manor (*) Director Chief Executive Officer of companies in the motor 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group. Adiel Rosenfeld Director Representative in Israel of the Aktiva group. 42 Ha'Alon Street, Timrat 23840, Israel Ami Erel President and Chief President and Chief Executive Officer of DIC; 3 Azrieli Center, The Triangular Tower, 44th Executive Officer Chief Executive Officer of Netvision Ltd. floor, Tel-Aviv 67023, Israel
Page 18 of 25 pages
Oren Lieder Senior Vice Senior Vice President and Chief Financial Officer 3 Azrieli Center, The Triangular Tower, 44th President and Chief of DIC. floor, Tel-Aviv 67023, Israel Financial Officer Raanan Cohen Vice President Vice President of DIC ; Chief Executive Officer 3 Azrieli Center, The Triangular Tower, 44th of Koor Industries Ltd. floor, Tel-Aviv 67023, Israel Ari Bronshtein Vice President Vice President of DIC. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Michel Dahan Vice President and Vice President and Comptroller of DIC. 3 Azrieli Center, The Triangular Tower, 44th Comptroller floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France ====================================================================== Schedule D Directors and Executive Officers of IDB Development Corporation Ltd. (as of March 11, 2007) Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION - -------------- -------- ---------------------------- Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB 3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and Clal floor, Tel-Aviv 67023, Israel Industries and Investments Ltd.; Director of companies. Zehava Dankner Director Member of the executive committee of the Beautiful 64 Pinkas Street, Tel Aviv 62157, Israel Israel Council. Avi Fischer Deputy Chairman of Executive Vice President of IDB Holding; Deputy 3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd. Zvi Livnat Deputy Chairman of Executive Vice President of IDB Holding; Deputy 3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd. Refael Bisker Director Chairman of Property and Building Corporation Ltd. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Jacob Schimmel Director Director of UKI Investments. 17 High field Gardens, London W11 9HD, United Kingdom Shay Livnat Director President of Zoe Holdings Ltd. 26 Shalva Street, Herzlia Pituach 46705, Israel
Page 19 of 25 pages
Eliahu Cohen Director and Chief Chief Executive Officer of IDB Development. 3 Azrieli Center, The Triangular Tower 44th Executive Officer floor, Tel-Aviv 67023, Israel Isaac Manor (*) Director Chairman of companies in the motor vehicle sector 26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group. Dori Manor (*) Director Chief Executive Officer of companies in the motor 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group. Abraham Ben Joseph Director Director of companies. 87 Haim Levanon Street, Tel-Aviv 69345, Israel Amos Malka External Director Deputy Chairman of Elul group of companies. 18 Nahal Soreq Street, Modi'in 71700, Israel Rami (Avraham) Mardor External Director Director of companies. 33 Haoranim Street, Kfar Shmariyahu 46910, Israel Irit Izakson Director Director of companies. 15 Great Matityahou Cohen Street, Tel-Aviv 62268, Israel Lior Hannes Executive Vice Executive Vice President of IDB Development; 3 Azrieli Center, The Triangular Tower, 44th President Chairman of Clal Tourism Ltd. floor, Tel-Aviv 67023, Israel Dr. Eyal Solganik Executive Vice Executive Vice President and Chief Financial 3 Azrieli Center, The Triangular Tower, 44th President and Chief Officer of IDB Development; Chief Financial floor, Tel-Aviv 67023, Israel Financial Officer Officer of IDB Holding. Ari Raved Vice President Vice President of IDB Development. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Haim Gavrieli Executive Vice Executive Vice President of IDB Development. 3 Azrieli Center, The Triangular Tower, 44th President floor, Tel-Aviv 67023, Israel Haim Tabouch Vice President and Vice President and Comptroller of IDB Development; 3 Azrieli Center, The Triangular Tower, 44th Comptroller Comptroller of IDB Holding. floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France. Page 20 of 25 pages Schedule E Directors and Executive Officers of IDB Holding Corporation Ltd. (as of March 11, 2007) Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION - -------------- -------- ---------------------------- Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB 3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and floor, Tel-Aviv 67023, Israel and Chief Executive Clal Industries and Investments Ltd.; Director of Officer companies. Isaac Manor (*) Deputy Chairman of Chairman of companies in the motor vehicle sector 26 Hagderot Street, Savion 56526, Israel the Board of of the David Lubinski Ltd. group. Directors Arie Mientkavich Vice Chairman of Chairman of Elron; Deputy Chairman of 14 Betzalel Street, the Board of Gazit-Globe Ltd.; Chairman of Gazit-Globe Israel Jerusalem 94591, Israel Directors (Development) Ltd. Zehava Dankner Director Member of the executive committee of the 64 Pinkas Street, Tel Aviv 62157, Israel Beautiful Israel Council. Lior Hannes Director Executive Vice President of IDB Development; 3 Azrieli Center, The Triangular Tower, 44th Chairman of Clal Tourism Ltd. floor, Tel-Aviv 67023, Israel Refael Bisker Director Chairman of Property and Building Corporation Ltd. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Jacob Schimmel Director Director of UKI Investments. 17 High field Gardens, London W11 9HD, United Kingdom Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd. Taavura Junction, Ramle 72102, Israel Eliahu Cohen Director Chief Executive Officer of IDB Development. 3 Azrieli Center, The Triangular Tower, 44th floor, Tel-Aviv 67023, Israel Dori Manor (*) Director Chief Executive Officer of companies in the motor 18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group. Meir Rosenne Director Attorney. 14 Aluf Simchoni Street, Jerusalem 92504, Israel Shmuel Lachman External Director Information technology consultant 9A Khilat Jatomir Street, Tel Aviv 69405, Israel Zvi Dvoresky External Director Chief Executive Officer of Beit Kranot Trust Ltd. 12 Harofeh Street, Ahuza, Haifa 34366, Israel Zvi Livnat Director and Executive Vice President of IDB Holding; Deputy 3 Azrieli Center, The Triangular Tower, 45th Executive Vice Chairman of IDB Development; Co-Chief Executive floor, Tel-Aviv 67023, Israel President Officer of Clal Industries and Investments Ltd. Avi Fischer Executive Vice Executive Vice President of IDB Holding; Deputy 3 Azrieli Center, The Triangular Tower, 45th President Chairman of IDB Development; Co-Chief Executive floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd. Dr. Eyal Solganik Chief Financial Chief Financial Officer of IDB Holding; Executive 3 Azrieli Center, The Triangular Tower, 44th Officer Vice President and Chief Financial Officer of IDB floor, Tel-Aviv 67023, Israel Development. Haim Tabouch Comptroller Comptroller of IDB Holding; Vice President and 3 Azrieli Center, The Triangular Tower, 44th Comptroller of IDB Development. floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France. Page 21 of 25 pages Exhibit 1 March 11, 2007 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) DEP Technology Holdings Ltd. A g r e e d: (signed) _____________________________ Discount Investment Corporation Ltd. ====================================================================== Exhibit 2 March 11, 2007 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) Elron Electronic Industries Ltd. A g r e e d: (signed) _____________________________ Discount Investment Corporation Ltd. Page 22 of 25 pages Exhibit 3 June 19, 2006 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) IDB Development Corporation Ltd. A g r e e d: (signed) ____________________________ Discount Investment Corporation Ltd. ====================================================================== Exhibit 4 June 19, 2006 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) IDB Holding Corporation Ltd. A g r e e d: (signed) ____________________________ Discount Investment Corporation Ltd. ====================================================================== Page 23 of 25 pages Exhibit 5 June 19, 2006 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) Nochi Dankner A g r e e d: (signed) ____________________________ Discount Investment Corporation Ltd. ====================================================================== Exhibit 6 June 19, 2006 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) Shelly Bergman A g r e e d: (signed) ____________________________ Discount Investment Corporation Ltd. Page 24 of 25 pages Exhibit 7 June 19, 2006 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) Ruth Manor A g r e e d: (signed) ____________________________ Discount Investment Corporation Ltd. ====================================================================== Exhibit 8 June 19, 2006 Discount Investment Corporation Ltd. The Triangular Tower, 44th Floor 3 Azrieli Center Tel-Aviv, 67023 Israel Gentlemen, Pursuant to rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agrees that Discount Investment Corporation Ltd. ("DIC") may file as necessary on behalf of the undersigned with the Securities and Exchange Commission a Schedule 13D or a Schedule 13G and any amendments thereto in respect of shares of m-Wise, Inc. purchased, owned or sold from time to time by the undersigned. DIC is hereby authorized to file a copy of this letter as an exhibit to said Schedule 13D or Schedule 13G or any amendments thereto. Very truly yours, (signed) Avraham Livnat A g r e e d: (signed) ____________________________ Discount Investment Corporation Ltd. Page 25 of 25 pages -----END PRIVACY-ENHANCED MESSAGE-----