Exhibit 1
Termination of Nominee Agreement
Between
European High-Tech Capital S.A. - the “Principal”
And
Starlight Capital Ltd - the “Nominee”
| 1. | The Principal is a company incorporated under the laws of the Island of Nevis as company number C-14931. |
| 2. | The Nominee is a company incorporated under the laws of the U.K. as company number 4201349. |
| 3. | Both companies, the Principal and the Nominee – hereinafter “the Two Companies” – are represented by Attorney Joseph Shefet of Vienna, Austria, who serve as the Sole Director in the Two Companies. |
| 4. | It is hereby agreed, to terminate – as of today – the Nominee agreement between the Two Companies. |
| 5. | As a result of the termination, the only asset held by the Nominee for the Principal – a Share Certificate of Cyneron Medical Ltd. – will be transferred from the Nominee to the Principal. |
Signed today, December 22, 2008 by
/s/ Joseph Shefet
Attorney Joseph Shefet
On behalf of the two Companies
