<SEC-DOCUMENT>0001493152-25-026804.txt : 20251209
<SEC-HEADER>0001493152-25-026804.hdr.sgml : 20251209
<ACCEPTANCE-DATETIME>20251209112452
ACCESSION NUMBER:		0001493152-25-026804
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251209
DATE AS OF CHANGE:		20251209

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Intercure Ltd.
		CENTRAL INDEX KEY:			0001857030
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		EIN:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93664
		FILM NUMBER:		251558048

	BUSINESS ADDRESS:	
		STREET 1:		85 MEDINAT HA-YEHUDIM STREET
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			4676670
		BUSINESS PHONE:		972774605012

	MAIL ADDRESS:	
		STREET 1:		85 MEDINAT HA-YEHUDIM STREET
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			4676670

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Rabinovich Alexander
		CENTRAL INDEX KEY:			0002081490
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		C/O, INTERCURE LTD.
		STREET 2:		85 MEDINAT HA-YEHUDIM STREET
		CITY:			HERZLIYA
		PROVINCE COUNTRY:   	L3
		ZIP:			4676670
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
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    <submissionType>SCHEDULE 13D</submissionType>
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    <coverPageHeader>
      <securitiesClassTitle>Ordinary Shares, no par value</securitiesClassTitle>
      <dateOfEvent>03/02/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001857030</issuerCIK>
        <issuerCUSIP>M549GJ111</issuerCUSIP>
        <issuerName>InterCure Ltd.</issuerName>
        <address>
          <com:street1>85 Medinat ha-Yehudim Street</com:street1>
          <com:city>Herzliya</com:city>
          <com:stateOrCountry>L3</com:stateOrCountry>
          <com:zipCode>4676670</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Alexander Rabinovich</personName>
          <personPhoneNum>972 77 460 5012</personPhoneNum>
          <personAddress>
            <com:street1>c/o InterCure Ltd.</com:street1>
            <com:street2>85 Medinat ha-Yehudim Street</com:street2>
            <com:city>Herzliya</com:city>
            <com:stateOrCountry>L3</com:stateOrCountry>
            <com:zipCode>4676670</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002081490</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Alexander Rabinovich</reportingPersonName>
        <fundType>PF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>L3</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>16765453.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>16765453.00</sharedDispositivePower>
        <aggregateAmountOwned>16765453.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>29.4</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>D.I.M Investments Ltd.</reportingPersonName>
        <fundType>WC</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>L3</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7747805.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7747805.00</sharedDispositivePower>
        <aggregateAmountOwned>7747805.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>14.2</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Ordinary Shares, no par value</securityTitle>
        <issuerName>InterCure Ltd.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>85 Medinat ha-Yehudim Street</com:street1>
          <com:city>Herzliya</com:city>
          <com:stateOrCountry>L3</com:stateOrCountry>
          <com:zipCode>4676670</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The aggregate percentage of shares owned by each reporting person named herein is based on 54,512,609 Ordinary Shares outstanding as of April 29, 2025 of the Issuer, as reported in the Issuer's Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 1, 2025.</commentText>
      </item1>
      <item2>
        <filingPersonName>This Schedule is being filed by Mr. Alexander Rabinovich, or Mr. Rabinovich, and D.I.M Investments Ltd., an Israeli company, or DIM. DIM is controlled by Mr. Rabinovich, an equity owner who holds shared voting and dispositive power over the securities held by DIM and may be deemed to be the controlling shareholder over the securities held by DIM.

DIM and Mr. Rabinovich, are collectively referred to as the "Reporting Persons."</filingPersonName>
        <principalBusinessAddress>The business address of Mr. Rabinovich is:
c/o, InterCure Ltd.
85 Medinat ha-Yehudim Street
Herzliya, 4676670, Israel

The business address of DIM is:
c/o, D.I.M Investments Ltd.
8 Yehudit Blvd
Tel Aviv-Yafo, 6701608, Israel</principalBusinessAddress>
        <principalJob>Mr. Rabinovich is the Chief Executive Officer, the Chairman and a director and the controlling shareholder of the Issuer. The address of the Issuer's principal business is 85 Medinat ha-Yehudim Street Herzliya, 4676670, Israel.

DIM is a holding company for various investments. The address of DIM is disclosed in Item 2(b) of this Schedule 13D.</principalJob>
        <hasBeenConvicted>The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>The Report Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which the Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</convictionDescription>
        <citizenship>Mr. Rabinovich is a citizen of Israel. DIM is an Israeli company.</citizenship>
      </item2>
      <item3>
        <fundsSource>The amount of funds used by Mr. Rabinovich in acquiring in the Private Placement the Ordinary Shares beneficially owned by him as described in further detail in Item 4 of this Schedule 13D, which disclosure is hereby incorporated by reference in its entirety into this Item 3 was $2,777,006. The source of these funds or other funds for the purpose of acquiring, holding, trading or voting the securities held by the Reporting Persons is the Reporting Persons' personal funds or working capital, as the case may be.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>The information set forth in Item 3 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. The Reporting Persons hold all securities of the Issuer for investment purposes only.

The Ordinary Shares beneficially owned by the Reporting Persons were purchased in a series of investment transactions prior to the Issuer's initial public offering on the Nasdaq Global Market, and through the transactions described herein below, as well as acquisitions in the open market.

Under the securities purchase agreement dated March 2, 2025 among the Issuer and certain investors, or the Private Placement, the Issuer issued to certain investors, including Mr. Rabinovich, (i) an aggregate of 7,349,896 Ordinary Shares, at a purchase price of NIS 4.83 (approximately $1.34) per ordinary share, at a premium above the opening price of the Ordinary Shares on the TASE on December 16, 2024, which was NIS 4.81 per share, or the Determining Date and (ii) warrants, or the Warrants, that have a term of four years, to purchase up to an additional 7,349,896 Ordinary Shares at an exercise price equal to NIS 5.70 (approximately $1.58), at an 18% premium above the opening price of the Ordinary Shares on the Determining Date, which may further increase the proceeds from the Private Placement up to a total of approximately NIS 77 million (approximately $21.5 million) if the Warrants are fully exercised for cash. The consideration for the allocated securities was determined through negotiations between the Company and the investors, based on the opening share price on the Determining Date. The Private Placement was subject to certain closing conditions, which included the approval of the shareholders of the Company, which was later obtained in February 2025.

The Private Placement closed on March 2, 2025. On March 2, 2025, following issuance of 2,070,393 Ordinary Shares and warrants exercisable into 2,070,393 Ordinary Shares in the Private Placement, Mr. Rabinovich became a beneficial owner of approximately 29.3% of the Ordinary Shares, reflecting an increase from the percentage owned as reported in our Annual Report on Form 20-F for the year ended December 31, 2023, which stated that as of April 1, 2024, Mr. Rabinovich beneficially owned 25.73%.

Mr. Rabinovich serves as the Chief Executive Officer, the Chairman and a director of the Issuer and is the Issuer's majority shareholder. Mr. Rabinovich also controls DIM, holds shared voting and dispositive power over the securities held by DIM and may be deemed to be the controlling shareholder over the securities held by DIM. Accordingly, the Reporting Persons may have influence over the corporate activities of the Issuer, including activities that may relate to items described in clauses (a) through (j) of Item 4 of Schedule 13D. Except for the foregoing, the Reporting Persons have no plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) and (c) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans and/or proposals and to take such actions with respect to their investment in the Issuer, including any or all of the actions set forth in clauses (a) through (j) of Item 4 of Schedule 13D.

In his capacity as the Chief Executive Officer the Chairman and a director of the Issuer, from time to time, Mr. Rabinovich may receive share options or other awards of equity-based compensation pursuant to the Issuer's compensation arrangements for officers and directors. In connection with the foregoing, on September 15, 2022, Mr. Rabinovich was granted options to purchase 460,000 Ordinary Shares of the Issuer, which expire four years from the date of issuance with an exercise price of NIS 21.76 per Ordinary Share.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>As of the date hereof, Mr. Rabinovich is deemed to beneficially own an aggregate of 16,765,453 Ordinary Shares, representing approximately 29.4% of the outstanding Ordinary Shares. Consists of: (i) 5,240,333 Ordinary Shares, (ii) 460,000 Ordinary Shares issuable upon exercise of options exercisable within 60 days of the date of this Schedule 13D, (iii) 2,070,392 Ordinary Shares issuable upon exercise of warrants exercisable within 60 days of the date of this Schedule 13D, (iv) 7,747,805 Ordinary Shares held by DIM, (v) 1,246,924 Ordinary Shares held by Green Forest Global (A.S.R) Ltd. DIM and Green Forest Global (A.S.R) Ltd. are controlled by Mr. Rabinovich, who holds voting and dispositive power over the securities. The address of DIM is disclosed in Item 2(b) of this Schedule 13D. The address of Green Forest Global (A.S.R) Ltd. is 85 Medinat ha-Yehudim Street, Herzliya, 4676670, Israel.

As of the date hereof, DIM beneficially owns 7,747,805 Ordinary Shares.</percentageOfClassSecurities>
        <numberOfShares>The information set forth in Item 5(a) of this Schedule 13D is incorporated by reference in its entirety into this Item 5(b).</numberOfShares>
        <transactionDesc>Except as described in Item 3 and 4, the Reporting Persons have not effected any transactions in the Ordinary Shares of the Issuer in the 60 days prior to the date of event that requires the filing of this Statement on Schedule 13D. The Reporting Persons have also not effected any transactions in the Ordinary Shares of the Issuer in the past 60 days.</transactionDesc>
        <listOfShareholders>No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>The information contained in Items 2, 3, 4 and 5 of this Schedule 13D is incorporated by reference herein.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>1 Form of Share Purchase Agreement dated March 2, 2025, by and between InterCure Ltd. and the investors named therein (previously filed as Exhibit 4.5 to the Company's Form 20-F, filed May 1, 2025 and herein incorporated by reference).

2 Form of Ordinary Share Purchase Warrant dated March 2, 2025 (previously filed as Exhibit 4.5 to the Company's Form 20-F, filed May 1, 2025 and herein incorporated by reference).

3 Option Agreement dated September 21, 2022, by and between InterCure Ltd. and Alexander Rabinovich.

4 Joint Filing Agreement dated November 18, 2025, by and between the Reporting Persons.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Alexander Rabinovich</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Alexander Rabinovich</signature>
          <title>Alexander Rabinovich</title>
          <date>12/09/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>D.I.M Investments Ltd.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Alexander Rabinovich</signature>
          <title>Alexander Rabinovich, Director</title>
          <date>12/09/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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<FILENAME>ex4.htm
<DESCRIPTION>EX-4
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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
4</B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>JOINT
FILING AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PURSUANT
TO RULE 13d-1(k)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity
of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such
amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not
be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or
has reason to believe that such information is inaccurate. The undersigned hereby further agree that this Joint Filing Agreement may
be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all of which counterparts
shall together constitute one and the same instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
    December 09, 2025 </FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">D.I.M
    Investments Ltd.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
     Alexander Rabinovich</I></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Alexander Rabinovich</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT> </TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
    December 09, 2025 </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify"><I>/s/ Alexander Rabinovich</I>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.
    Alexander Rabinovich</FONT></TD></TR>
  </TABLE>
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