Exhibit 10.7
ICL — Israel Chemicals Ltd.
26.03.2014
Israel Corporation
Dear Sirs/Madams,
Subject: Providing a Loan of $50 million for 6 Months
With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:
We hereby confirm that on 26.03.2014 the loan was renewed for an additional 6 months until 26.09.2014, in accordance with the following conditions:
Amount: $50,000,000
0.77625% interest to be paid in one payment at the end of the period
The interest is calculated as follows:
|
1.0325% |
Total interest Israel Chemicals Ltd. pays for a similar loan |
|
0.52% |
Interest the Israel Corporation would receive for a deposit with similar conditions |
|
0.77625% |
Average interest to be paid |
Yours sincerely,
|
/s/ Kobi Ilia |
|
|
/s/ Eli Amit |
|
|
Israel Chemicals Ltd. |
|
ICL — Israel Chemicals Ltd.
30.09.2013
Israel Corporation
Dear Sirs/Madams,
Subject: Providing a Loan of $50 million for 6 Months
With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:
We hereby confirm that on 26.09.2013 the loan was renewed for an additional 6 months until 26.03.2014, in accordance with the following conditions:
Amount: $50,000,000
0.85975% interest to be paid in one payment at the end of the period
The interest is calculated as follows:
|
1.0695% |
Total interest Israel Chemicals Ltd. pays for a similar loan |
|
0.65% |
Interest the Israel Corporation would receive for a deposit with similar conditions |
|
0.85975% |
Average interest to be paid |
Yours sincerely,
|
/s/ Kobi Ilia |
|
|
/s/ Eli Amit |
|
|
Israel Chemicals Ltd. |
|
ICL — Israel Chemicals Ltd.
26.06.2013
Israel Corporation
Dear Sirs/Madams,
Subject: Providing a Loan of $50 million
With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:
We hereby confirm that on 26.06.2013 the loan was renewed for an additional 3 months until 26.09.2013, in accordance with the following conditions:
Amount: $50,000,000
0.97675% interest to be paid in one payment at the end of the period
The interest is calculated as follows:
|
0.27675% |
LIBOR interest for three months from 24.06.2013 |
|
0.70% |
Profit |
|
0.97675% |
Total interest |
Yours sincerely,
|
/s/ Kobi Ilia |
|
|
/s/ Herzel Bar Niv |
|
|
Israel Chemicals Ltd. |
|
ICL — Israel Chemicals Ltd.
25.03.2013
Israel Corporation
Dear Sirs/Madams,
Subject: Providing a Loan of $50 million
With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:
We hereby confirm that on 25.03.2013 the loan was renewed for an additional 3 months until 26.06.2013, in accordance with the following conditions:
Amount: $50,000,000
0.9841% interest to be paid in one payment at the end of the period
The interest is calculated as follows:
|
0.2841% |
LIBOR interest for three months from 21.03.2013 |
|
0.70% |
Profit |
|
0.9841% |
Total interest |
Yours sincerely,
|
/s/ Michael Hazan |
|
|
/s/ Osi Sessler |
|
|
Israel Chemicals Ltd. |
|
ICL — Israel Chemicals Ltd.
31.12.2012
Israel Corporation
Dear Sirs/Madams,
Subject: Providing a Loan of $50 million
With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:
We hereby confirm that on 26.12.2012 the loan was renewed for an additional 3 months until 25.03.2013, in accordance with the following conditions:
Amount: $50,000,000
1.01% interest to be paid in one payment at the end of the period
Therefore, the amount of USD 124,847.22 shall be paid on 25.03.2013.
The interest is calculated as follows:
|
0.31% |
LIBOR interest for three months from 21.12.2012 |
|
0.70% |
Profit |
|
1.01% |
Total interest |
Yours sincerely,
|
/s/ Kobi Ilia |
|
|
/s/ Herzel Bar Niv |
|
|
Israel Chemicals Ltd. |
|
ICL — Israel Chemicals Ltd.
24.09.2012
Israel Corporation
Dear Sirs/Madams,
Subject: Providing a Loan of $50 million
We hereby confirm that on 24.09.2012 the Israel Corporation provided Israel Chemicals Ltd. with a loan of $50 million in accordance with the following conditions:
Amount: $50,000,000
1.073% interest to be paid in one payment at the end of the period
Maturity date 26.12.2012
Therefore, the amount of USD 138,595.83 shall be paid on 26.12.2012
The interest is calculated as follows:
|
0.373% |
LIBOR interest for three months from 20.09.2012 |
|
0.70% |
Profit |
|
1.073% |
Total interest |
Yours sincerely,
|
/s/ Kobi Ilia |
|
|
/s/ Eli Amit |
|
|
Israel Chemicals Ltd. |
|
ICL — Israel Chemicals Ltd.
26.06.2012
Israel Corporation
Dear Sirs/Madams,
Subject: Providing a Loan of $50 million
On 26.06.2012, a short-term loan of $50 million was provided to Israel Chemicals Ltd. by the Israel Corporation Ltd. in accordance with the following conditions:
Amount: $50,000,000
Interest: 1.22%, to be paid in one payment at the end of the period
Maturity date: 24.09.2012
Yours sincerely,
|
/s/ Michael Hazan |
|
|
/s/ Eli Amit |
|
|
Israel Chemicals Ltd. |
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