Furthermore, Tamda will have no assets, liabilities or obligations of any kind and will have net cash of NIS 2,000,000 upon the closing of the transaction. Upon closing, Foresight will begin to provide development and other services to the merged company, as required periodically by the merged company, for further development of the Eye-Net TM system. The closing of the merger agreement is subject to the fulfillment of customary closing conditions, including obtaining the approval of Tamda's shareholders, the Tel Aviv Stock Exchange, certain court approvals with respect to an arrangement of Tamda's creditors, if any, a pre-ruling from the Israeli Tax Authority and other conditions necessary for the up-listing of Tamda to the TASE's main list.