EXHIBIT 99.4
[unofficial translation]
January 6, 2010
To:
Bank Leumi L'Israel Ltd.
Bank HaPoalim Ltd.
Israel Discount Bank Ltd.
(HEREINAFTER: THE "BANKS")
Dear Sirs,
Re: RIGHTS OFFERING IN TEFRON LTD. (HEREINAFTER: "TEFRON")
FOLLOWING OUR MEETING ON JANUARY 4, 2010, WE ARE HONORED TO APPROACH YOU AND TO
PROVIDE IN WRITING THE PRINCIPLES WHICH WERE AGREED TO IN THE AFOREMENTIONED
MEETING, AS FOLLOWS:
We, the undersigned, commit that, subject to all applicable regulatory and
shareholder approval requirements of Tefron, that we or whoever acts on our
behalf will participate in a rights offering and/or private placement of
Tefron's shares, and in the framework of such rights offering and/or private
placement not less than U.S. $4 million of additional funds will be invested in
Tefron's equity.
Very truly yours,
/s/ Yishai Davidi
/s/ Meir Shamir
Norfet, Limited Partnership
We, the undersigned, approve our agreement to the above:
/s/ Yishai Davidi /s/ Meir Shamir
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Fimi 2001 Ltd. Mivtach Shamir Holdings Ltd.
