Letter Agreement Confirming $35 Million Short Term Credit Line Between Bank Hapoalim B.M. and Lumenis Ltd.

Summary

Bank Hapoalim B.M. confirms to Lumenis Ltd. that the short-term credit line, as referenced in a previous agreement, will be set at $35 million for the specified period. This letter forms part of the original credit line agreement, and all rights under previously signed documents remain unchanged. Both parties have signed to acknowledge and agree to these terms.

EX-10.20 16 d50193_ex10-20.txt LETTER AGREEMENT Exhibit 10.20 March 26, 2002 Bank Hapoalim B.M. Head Office Corporate Banking Division 41-45 Rothschild Boulevard Tel Aviv To Lumenis Ltd. Re: STATUS OF SHORT TERM CREDIT LINE Reference is made to the Short Term Credit Line Letter dated April 24, 2001 (the "Letter"). We hereby confirm that the Credit Line provided to you on the period commencing at the end of the First Period and ending on the Expiry Date shall be in a sum of $35,000,000 (Thirty Five Million United States Dollars). This letter constitutes an integral part of the Letter. All our rights according to documents signed by you in our favour are fully reserved and are in no way affected by this letter. Very truly yours, BANK HAPOALIM B.M. /s/ Lea Landau /s/ Liora Ben-Ami --------------------------------- We agree to the above: Lumenis Ltd. /s/ Yacha Sutton - ----------------