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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the month of April, 1996
ISRAMCO, INC.
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(Exact name of registrant as specified in charter)
Delaware
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(State of Incorporation)
800 Fifth Avenue, New York, New York 10021 Suite 21-D
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(Address of principal executive offices)
212-888-0200
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(Telephone number)
0-12500 13-3145265
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Commission File No. IRS Employer ID No.
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Item 5. Other Events.
Extension of Warrants. The Board of Directors approved the
extension of the Expiration Date of its Class A Warrants from April 16, 1996 to
April 16, 1997 and the Expiration Date of its Class B Warrants from April 16,
1996 to April 16, 1997. Attached hereto as Exhibit A and incorporated herein
by reference is a copy of the Eighth Amendment to the April 15, 1993 Warrant
Agreement between the Company and the Warrant Agent.
Item 7. Exhibits.
Exhibit A - Eighth Amendment to Warrant Agreement
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Isramco, Inc.
(registrant)
April 1, 1996 By: /s/ JOSEPH ELMALEH
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(date) Joseph Elmaleh
Chairman of the Board
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EXHIBIT INDEX
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Exhibit A - Eighth Amendment to Warrant Agreement
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EXHIBIT A
EIGHTH AMENDMENT TO WARRANT AGREEMENT
AGREEMENT made as of March 29, 1996 between Isramco, Inc., a Delaware
corporation ("Company"), and American Stock Transfer Company, a New York
corporation as Warrant Agent ("Warrant Agent").
WITNESSETH:
WHEREAS, the Company in connection with a public offering of 3,500,000
Units ("Units"), each unit consisting of two (2) shares of the Company's Common
Stock, par value $.01 per share ("Common Stock"), two Class A Common Stock
Redeemable Warrants ("Class A Warrants") and two Class B Common Stock Redeemable
Warrants ("Class B Warrants") and (collectively: the "Warrants"), issued
7,675,000 Class A Warrants and 7,675,000 Class B Warrants pursuant to a Warrant
Agreement dated the 15th day of April, 1993 (the "Warrant Agreement"); and
WHEREAS, the Company is desirous of amending the Warrant Agreement to
extend the Expiration Date for its Class A Warrants to April 16, 1997 and the
Expiration Date for its Class B Warrants to April 16, 1997.
NOW THEREFORE, in consideration of the promises and mutual agreements
hereinafter set forth, the parties hereto agree that the Warrant Agreement
shall be amended as follows:
1. Section 1. Definitions. (e) is hereby amended to provide as follows
as:
"(e) "Expiration Date" shall mean, subject to the provisions of
Section 9 hereof: (i) With respect to the Class A Redeemable Warrants, 5:00
p.m. (New York time) on April 6, 1997; (ii) with respect to the Class B
Redeemable Warrants, 5:00 p.m. (New York time) on April 16, 1997; or such later
dates as the Company, by authorization of its Board of Directors, shall
determine. If any such date shall in the State of New York be a holiday or a day
on which banks are authorized to close, then the Expiration Date shall be 5:00
p.m. (New York time) on the next following day which in the State of New York
is not a holiday or a day on which banks are authorized to close."
2. All other terms and agreements except as hereinafter provided shall
be in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed in the day and year first above written.
ISRAMCO, INC.
By: /s/ David Malkin
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Secretary
AMERICAN STOCK TRANSFER & TRUST CO.
By: /s/ Michael Karfunkel
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Authorized Agent
