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EXHIBIT 99.11
HYNEX LTD
Allotment Letter No. __
Investec Clali - Trust Company Ltd.
29 Yavne St.
Tel Aviv
Dear Sirs,
Re: OPTION ALLOTMENT LETTER
Pursuant to a resolution of the board of directors of Hynex Ltd (hereinafter
referred to as "the Company") dated January 19th, 2000 and subject to the terms
and conditions set forth in the said resolution and the income tax rules, the
Company is hereby allotting to you, on trust, ________ option warrants
exercisable into ordinary shares of NIS 0.01 nv each for Mr/Mrs _______, and
subject to the 2000 employees' option plan of the Company.
The exercise price of each option is $4 by option.
The options can be converted to shares subject to the following vesting periods:
<TABLE>
<CAPTION>
Number of options Vesting period
<S> <C>
50% 23.09.2002
25% additional 23.09.2003
25% remains 23.09.2004
</TABLE>
Kindly safeguard this letter as a document of great value and acknowledge
receipt thereof by signing the copy.
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Hynex Ltd Date
We acknowledge receipt of this letter
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Investec Clali - Trust Company Ltd.
