8. The Loan will be granted subject to conditions precedent, which include, in particular: obtaining the approval of the directors and shareholders of Tahal Group and of TGI for the Offer, as required; obtaining approval of the Company's debenture holders (Series A and B) to execute the Offer and to cancel all of TGI’s commitments relating to Tahal Group and its investee companies and any restrictions imposed on them under the Company's debt settlement effective the date of granting the Loan; obtaining the approval of the banks to execute the transaction and to provide the pledges in favor of the Investor; obtaining the approval of the other shareholders of one of the Pledged Assets to create the pledge in favor of the Investor; and any approvals required by law to execute the transaction and create the pledges.
9. If all necessary approvals will not be received by January 15, 2020, and the transaction will not be completed by January 31, 2020, the Offer will expire without TGI, Tahal Group, the Company, the Company's debenture holders or anyone on their behalf will make any claim or demand against the Investor. The completion of the transaction and making the Loan available should take place within 7 business days in the Netherlands from the date of receipt of the full approvals, or any other date agreed by the parties. 10. During the period from the receipt of the approval of the debenture holders to the date of the transaction (if and when completed), the Company, TGI, and Tahal Group, will not negotiate with third parties regarding investment in Tahal Group and / or TGI and / or in any other matter contrary to the Offer.