Purchase Price Allocation (PPA) of purchasing Beit Hasson

In October 2019 Av-Gad Holdings Ltd and Beit Hasson shareholders signed an agreement to purchase Beit Hasson shareholders holdings in a subsidiary “Beit Hasson Entrepreneurship and Construction Ltd.” The PPA opinion intends to allocate the consideration of the acquisition and calculate the fair value of the intangible assets acquired, for the purpose of Av-Gad’s financial statements.