Exhibit 1.4

                      AMENDMENTS TO ARTICLES OF ASSOCIATION

                              DATED AUGUST 25, 2004


RESOLVED,  that Article 39 of the current  Articles be amended by adding Article
39(c), as following:

"(c) In addition to the directors  appointed in accordance  with Article  39(a),
the Company shall appoint one additional director (the "Unclassified  Director")
for a one (1) year term and until the following  Annual General Meeting to serve
on the Company's Board of Directors, such Unclassified Director to be elected at
the Annual  General  Meeting,  by the vote of the  holders of a majority  of the
voting power represented at such meeting in person or by proxy and voting on the
election  of  the  Unclassified  Director.  The  Unclassified  Director  may  be
classified  as a Class II Director at any time by a  resolution  of the Board of
Directors (not including such Unclassified  Director). In addition, the position
of such  Unclassified  Director may be  classified as a Class II Director at any
time by a resolution of the Board of Directors (not including such  Unclassified
Director),  whether  or not such  position  is  vacant  at such  time.  Upon the
submission  of any  tender  offer  (as  defined  in the  Companies  Law) for the
Company's  shares,   such  Unclassified   Director  and  the  position  of  such
Unclassified  Director (even if vacant) shall  automatically  be classified as a
Class II Director (unless  determined  otherwise by a resolution of the Board of
Directors (not including such  Unclassified  Director) adopted within 30 days of
the announcement of such Tender Offer).  Upon any such classification as a Class
II  Director,  the  director  then  serving as an  Unclassified  Director  shall
continue to serve on the Company's Board of Directors as a Class II Director and
shall be subject to re-election  with the Class II Directors.  Once the position
of the  Unclassified  Director is classified  as a Class II Director,  then that
position  will remain a Class II Director and the  position of the  Unclassified
Director shall no longer exist.  The  Unclassified  Director may be removed from
office in  accordance  with the  provisions  of Article 39(b) which shall apply,
mutatis mutandis."