Holmes Place International Ltd. (TASE:HLMS) signed an agreement to acquire Vim Clubs Ltd from Zvin Ben Dat for ILS 12 million in January 2019. If EBITDA of Vim Clubs is above the ILS 3 million, compensation shall be added the difference between the fitness club’s EBITDA for year 2020 to the sum of ILS 3 million. As long as the EBITDA is below ILS 3 million, ILS 3 million shall be deducted from the compensation, and it shall stand at ILS 9 million. As of November 3, 2019, after receiving approval from the court, an amendment was signed to the deal. In accordance with the amendment, the compensation for the shares was lowered to ILS 8.5 million, and will be paid through payment of Vim Clubs debts, including commitment to pay an owner’s loan to the seller Zvin Ben Dat, it was also established that the compensation will raise as long as the EBITDA of Vim Clubs in year 2020 will be equal or over ILS 1 million, in a way that for every ILS 1 EBITDA, ILS 2 will be added to the compensation. Completion of the deal is subject to all customary approvals. Holmes Place International Ltd. (TASE:HLMS) cancelled the acquisition of Vim Clubs Ltd from Zvin Ben Dat on May 3, 2020.