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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">WASHINGTON,
D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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          <hr style="COLOR: black" align="center" noshade size="1" width="80%"> </div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">FORM
8-K</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">CURRENT
REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">PURSUANT
TO SECTION 13 OR 15 (d) OF</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">THE
SECURITIES EXCHANGE ACT OF 1934</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
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            <td valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">October
      12, 2009</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="78%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Date
      of Report (Date of earliest event
reported)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="top" width="78%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Hotel
      Outsource Management International, Inc.</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="78%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;(Exact
      Name of Registrant as Specified in Its
Charter)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="bottom" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Delaware</font></div>
            </td>
            <td valign="bottom" width="27%">
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            </td>
            <td valign="bottom" width="22%">
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            </td>
          </tr><tr>
            <td valign="bottom" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">(State
      or Other Jurisdiction of</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Commission
      File</font></div>
            </td>
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      Employer</font></div>
            </td>
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            <td valign="bottom" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Incorporation
      or Organization)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Number</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Identification
      No.)</font></div>
            </td>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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<tr>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font id="TAB2" style="FONT-SIZE: 12pt; LETTER-SPACING: 9pt; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">80
      Wall Street, Suite 815, New York, New York</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">10005</font></div>
            </td>
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            <td align="left" valign="top" width="63%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">(Address
      of Principal Executive Offices)</font></div>
            </td>
            <td valign="bottom" width="15%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">(Zip
      Code)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">212-344-1600</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Registrant&#8217;s
      telephone number, including area
code</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td valign="top" width="78%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
                    </font>
              <hr style="COLOR: black" align="center" noshade size="1" width="70%">      </td>
          </tr><tr>
            <td valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">(Former
      Name or former Address, if Changed Since Last
  Report)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2"> </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
</font></div>
      </div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Item 1.01
&#8211; Entry into a Material Definitive Agreement</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">On
October 12, 2009, HOMI Israel Ltd (&#8220;HOMI&#8221;), which is a wholly owned subsidiary
of Hotel Outsource Management International, Inc., entered into an agreement
with Dry Tongues Ltd, which was dated July 30, 2009.&#160;&#160;Pursuant to this
agreement, HOMI sold 194 HOMI<font style="DISPLAY: inline; FONT-SIZE: 12pt">&#174;</font> 336 minibars scheduled to be
installed at the Alrov Mamila Hotel in Jerusalem to Dry Tongues Ltd at a price
of $500 per minibar, for a total of $97,000.&#160;&#160;The minibars, once
installed and operational, will remain in place at the hotel and HOMI shall
continue to operate and maintain these minibars in accordance with its existing
outsource operation agreement with the Alrov Mamila Hotel, the only difference
being that instead of HOMI having title to the minibars, title to the minibars
now rests with Dry Tongues Ltd.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">HOMI
shall continue to invoice the Alrov Mamila Hotel for the full amount of the net
revenues from its outsource operation (&#8220;Net Revenues&#8221;) and these Net Revenues
will be deposited into a special bank account jointly controlled by HOMI and Dry
Tongues Ltd.&#160;&#160;From the Net Revenues, HOMI shall receive (a) the cost
of goods to be sold in the minibars; (b) labor costs; (c) a maintenance fee of
$0.06 per minibar per day (reduced to $0.03 for the first year); (d) a
management fee of 8% of Net Revenues (collectively, &#8220;Operational
Payments&#8221;).</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Until Dry
Tongues Ltd shall have received from HOMI payments totaling $120,000 (the
&#8220;Milestone&#8221;), the amount, if any, by which Net Revenues will exceed Operational
Payments (&#8220;Operating Cash flow&#8221;) will initially be paid to Dry Tongues Ltd, on a
monthly basis. Then, at the end of each quarter, the parties will calculate the
average quarterly Operating Cash flow, for&#160;&#160;the duration of the
Agreement up until that date. A reckoning will then be performed with the result
that as long as the average quarterly Operating Cash flow exceeds $7,275, such
Operating Cash flow shall be divided between HOMI (40%) and Dry Tongues Ltd
(60%); however, if the average quarterly Operating Cash low is less than $4,365,
Dry Tongues Ltd shall be entitled to 100% of the Operating Cash flow; and if the
average quarterly Operating Cash flow is between $4,365 and $7,275, Dry Tongues
Ltd shall receive $4,365 multiplied by the number of quarters that have been
completed since commencement of the Agreement, and HOMI shall receive the
balance.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Once the
Milestone has been reached, all Operating Cash flow shall be divided between
HOMI (40%) and Dry Tongues Ltd (60%).</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">If during
the first 8 years of the agreement the Alrov Mamila Hotel terminates its
outsourcing agreement with HOMI and the minibar system is removed from the
hotel, HOMI will, at its own cost, reinstall the minibar system in another hotel
with similar revenue earning capacity as the Alrov Mamila Hotel within six
months.&#160;&#160;In the event HOMI does not place the minibar system in
another similar hotel within six months of termination of its outsource
agreement, HOMI shall transfer title in a similar minibar system owned by HOMI
to Dry Tongues Ltd, instead of the initial minibar system, and the principles of
the agreement between HOMI and Dry Tongues Ltd will apply to the replacement
minibar system.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2"> </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">The
purpose of this agreement is to refinance the minibars.&#160;&#160;HOMI intends
to enter into similar agreements with additional third parties in the
future.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Item 9.01
&#8211; Financial Statements and Exhibits</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">(d)
Exhibits</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 12pt; TEXT-DECORATION: underline">Exhibit
No.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Refinancing
Agreement between HOMI and Dry Tongues Ltd. dated July 30, 2009 and executed
October 12, 2009.</font></div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">3&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2"> </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman"><font style="FONT-SIZE: 12pt"><font id="TAB2" style="FONT-SIZE: 12pt; LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereto duly authorized.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<tr>
            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">October
      13, 2009</font></div>
            </td>
            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="58%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Hotel
      Outsource Management International, Inc.</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="58%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr><tr>
            <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="58%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr><tr>
            <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">By:</font></div>
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      Jacob Ronnel</font></div>
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form8_k.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15 (d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
October
      12, 2009
Date
      of Report (Date of earliest event
reported)
Hotel
      Outsource Management International, Inc.
(Exact
      Name of Registrant as Specified in Its
Charter)
Delaware
6719
13-4167393
(State
      or Other Jurisdiction of
Commission
      File
(I.R.S.
      Employer
Incorporation
      or Organization)
Number
Identification
      No.)
80
      Wall Street, Suite 815, New York, New York
10005
(Address
      of Principal Executive Offices)
(Zip
      Code)
212-344-1600
Registrant's
      telephone number, including area
code
(Former
      Name or former Address, if Changed Since Last
  Report)
Item 1.01
– Entry into a Material Definitive Agreement
On
October 12, 2009, HOMI Israel Ltd ("HOMI"), which is a wholly owned subsidiary
of Hotel Outsource Management International, Inc., entered into an agreement
with Dry Tongues Ltd, which was dated July 30, 2009.  Pursuant to this
agreement, HOMI sold 194 HOMI
®
336 minibars scheduled to be
installed at the Alrov Mamila Hotel in Jerusalem to Dry Tongues Ltd at a price
of $500 per minibar, for a total of $97,000.  The minibars, once
installed and operational, will remain in place at the hotel and HOMI shall
continue to operate and maintain these minibars in accordance with its existing
outsource operation agreement with the Alrov Mamila Hotel, the only difference
being that instead of HOMI having title to the minibars, title to the minibars
now rests with Dry Tongues Ltd.
HOMI
shall continue to invoice the Alrov Mamila Hotel for the full amount of the net
revenues from its outsource operation ("Net Revenues") and these Net Revenues
will be deposited into a special bank account jointly controlled by HOMI and Dry
Tongues Ltd.  From the Net Revenues, HOMI shall receive (a) the cost
of goods to be sold in the minibars; (b) labor costs; (c) a maintenance fee of
$0.06 per minibar per day (reduced to $0.03 for the first year); (d) a
management fee of 8% of Net Revenues (collectively, "Operational
Payments").
Until Dry
Tongues Ltd shall have received from HOMI payments totaling $120,000 (the
"Milestone"), the amount, if any, by which Net Revenues will exceed Operational
Payments ("Operating Cash flow") will initially be paid to Dry Tongues Ltd, on a
monthly basis. Then, at the end of each quarter, the parties will calculate the
average quarterly Operating Cash flow, for  the duration of the
Agreement up until that date. A reckoning will then be performed with the result
that as long as the average quarterly Operating Cash flow exceeds $7,275, such
Operating Cash flow shall be divided between HOMI (40%) and Dry Tongues Ltd
(60%); however, if the average quarterly Operating Cash low is less than $4,365,
Dry Tongues Ltd shall be entitled to 100% of the Operating Cash flow; and if the
average quarterly Operating Cash flow is between $4,365 and $7,275, Dry Tongues
Ltd shall receive $4,365 multiplied by the number of quarters that have been
completed since commencement of the Agreement, and HOMI shall receive the
balance.
Once the
Milestone has been reached, all Operating Cash flow shall be divided between
HOMI (40%) and Dry Tongues Ltd (60%).
If during
the first 8 years of the agreement the Alrov Mamila Hotel terminates its
outsourcing agreement with HOMI and the minibar system is removed from the
hotel, HOMI will, at its own cost, reinstall the minibar system in another hotel
with similar revenue earning capacity as the Alrov Mamila Hotel within six
months.  In the event HOMI does not place the minibar system in
another similar hotel within six months of termination of its outsource
agreement, HOMI shall transfer title in a similar minibar system owned by HOMI
to Dry Tongues Ltd, instead of the initial minibar system, and the principles of
the agreement between HOMI and Dry Tongues Ltd will apply to the replacement
minibar system.
2
The
purpose of this agreement is to refinance the minibars.  HOMI intends
to enter into similar agreements with additional third parties in the
future.
Item 9.01
– Financial Statements and Exhibits
(d)
Exhibits
Exhibit
No.
Refinancing
Agreement between HOMI and Dry Tongues Ltd. dated July 30, 2009 and executed
October 12, 2009.
3
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereto duly authorized.
October
      13, 2009
Hotel
      Outsource Management International, Inc.
By:
/s/
      Jacob Ronnel
Name:
Jacob
      Ronnel
Title:
Chief
      Executive Officer
4