AMENDMENT NO. 3 TO EXECUTIVE EMPLOYMENT AGREEMENT
 

This Amendment No. 3 to Executive Employment Agreement by and between
deltathree, Inc., a Delaware corporation (“Inc.”) and Delta Three Israel, Ltd.,
an Israeli corporation (“Ltd.”, and together with Inc., the “Company”), on the
one hand, and Effi Baruch, an individual (“Executive”) on the other hand, dated
as of December 9, 2008 (the “Executive Employment Agreement”), as amended by
that certain Amendment No. 1, dated as of March 17, 2009 (“Amendment No. 1”) and
that certain Amendment No. 2, dated as of October 20, 2009 (“Amendment No. 2”,
and together with the Executive Employment Agreement and Amendment No. 1, the
“Agreement”), is dated as of October 27, 2010.
 
Recitals:
 
WHEREAS, the Company and Executive entered into the Executive Employment
Agreement, as amended by Amendment No. 1 and Amendment No. 2, and now wish to
enter into this Amendment No. 3 to Executive Employment Agreement (“Amendment
No. 3”) to further amend the Agreement as set forth below;
 
NOW, THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto, intending to be legally bound, hereby agree as follows:
 
1.           The first sentence of Section 2(a) of the Agreement is hereby
deleted in its entirety and replaced with the following:
 
“Executive shall be employed as Chief Executive Officer and President of Inc.
and Ltd. and shall perform such duties and services, consistent with such
position and its current duties and services for Inc. and Ltd., and as may be
assigned to him from time to time by the Board of Directors.”
 
2.           The foregoing amendment to the Agreement shall be effective
commencing on the date hereof.
 
3.           Except as expressly provided in this Amendment No. 3, all of the
terms and conditions of the Agreement remain unchanged, and the terms and
conditions of the Agreement as amended hereby remain in full force and effect.
 
 
 

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 as of
the date first set forth above.
 

  DELTATHREE, INC.          
 
By:
/s/ Robert Stevanovski       Name: Robert Stevanovski       Title:   Chairman of
the Board  

 

 
DELTA THREE ISRAEL, LTD.
By: deltathree, Inc., its sole director
         
 
By:
/s/ Robert Stevanovski       Name: Robert Stevanovski       Title:   Chairman of
the Board  

       
 
 
/s/ Effi Baruch      
Effi Baruch
                 

 
 
 
 

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