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Item 1.01 Entry into a

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midastouch017   Friday, 08/28/15 01:50:41 PM
Re: None
Post # of 87 
Item 1.01 Entry into a Material Definitive Agreement

On August 25, 2015, OphthaliX, Inc., a Delaware corporation (the “Company”), executed an amendment (the “Amendment”) with respect to the previously announced Share Purchase Agreement with Improved Vision Systems (I.V.S) Ltd (“IVS”), an Israeli company, Dan Oz, founder and shareholder of IVS and all other shareholders of IVS.

Pursuant to the Amendment, the deadline for holding the initial closing has been extended to October 30, 2015. In addition, certain closing conditions have been revised to, among other things, provide that the amount of fundraising required to hold an initial closing shall be not less than $3 million and to remove as a closing condition the requirement to receive approval to up-list to a national securities exchange.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment which is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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