March 28 ,
      2007





Southpoint
      Master Fund, LP.


623
      Fifth
      Avenue;


Suite
      2503; New York,


NY
      10022, USA





Ladies
      and Gentelmen,





The
      purpose of this Letter Agreement is to set forth the terms and conditions of
      our
      understanding and agreement relating to the extension of additional funding
      to
      IXI Mobile (R&D) Ltd. (" **Borrower** ")
      provided by you.





As
      the
      Borrower has immediate need of funds, the parties have agreed that Southpoint **** Master
      Fund, LP. (" **Lenders** ")
      shall
      provide a loan to Borrower in the amount of up to US$2,000,000 (Two Million
      U.S.
      dollars), pursuant to the terms and conditions set forth herein.





1.  **The
      Loan.**





1.1.
            **Loan;
                Tranches; Interest**.The Lender undertakes to loan to Borrower on the First Closing Date,
                the
                amount set forth in**Schedule
                I**opposite Lender's name in the column titled “**First
                Tranche**”
                an amount of $1,000,000 (One Million U.S. dollars) payable as set
                forth
                below. In addition, the Lender shall loan additional amounts to the
                Borrower in the amount set forth in**Schedule
                I**opposite Lender's name in the column titled "**Second
                Tranche**"
                an amount of $1,000,000 (One Million U.S. dollars) to be transferred
                within three (3) business days following the provision of a written
                letter
                by the Borrower requesting such Second Tranche (the “**Second
                Tranche Request**”).
                The amounts provided to the Borrower by the Lender throughout both
                Tranches, are hereinafter referred collectively as the “**Loan
                Amount**”.




1.2  **Interest** .
      The
      Loan Amount shall bear an annual interest at a rate of 10% per annum, compounded
      annually calculated from the date of payment, on the basis of 365 days a year
      (the “ **Interest** ”).




1.3.  **Payment
      of Loan Amount** . The
      First
      Tranche Loan Amount shall be transferred by the Lender to the Borrower, in
      one
      installment, as soon as









practical
      but in any event no later than three (3) business days from the execution of
      this Letter Agreement (the " **First
      Closing Date")** and
      the
      Second Tranche shall be transferred by the Lender to the Borrower, in one
      installment, as soon as practical but in any event no later than three (3)
      business days from the Second Tranche Request (the " **Second
      Closing Date";** and
      together with the First Closing Date, each, a “ **Closing
      Date** ”),
      by
      wire transfer to the Borrower's bank account as advised by the
      Borrower.




1.4
            **Repayment
                of Loan Amount**.




1.4.1
            In
                the event the merger of Israel Technology Acquisition Corp., a Delaware
                corporation (“**ITAC**”)
                and ITAC Acquisition Subsidiary Corp. (“**ITAC
                Subsidiary**”),
                a wholly-owned subsidiary of ITAC with and into the Borrower (the
                “**ITAC/IXI
                Merger**”)
                becomes effective and subject to and conditioned upon the ITAC/IXI
                Merger
                becoming effective, 50% of the Loan Amount together with any Interest
                accrued and unpaid thereon shall be due and payable on the first
                anniversary of the closing date of the ITAC/IXI Merger and 50% of
                the Loan
                Amount together with any Interest accrued and unpaid thereon shall
                be due
                and payable on the second anniversary of the closing date of the
                ITAC/IXI
                Merger.




1.4.2
            In
                the event the ITAC/IXI Merger is rejected by ITAC’s shareholders or
                otherwise fails to become effective, the Loan Amount together with
                any
                Interest accrued and unpaid thereon shall be due and payable on June
                22,
                2008.




2.  **Lenders
      Option**





In
      the
      event that Borrower or Parent succeed in raising additional funds from
      additional lenders other than the Gemini Israel Funds or Landa Ventures Ltd.
      (" **Additional
      Lenders** ")
      and on
      different terms than those set out in this Letter Agreement, Lender shall have
      an option (" **Lender's
      Option** ")
      to
      convert the terms of this Loan into terms identical to those agreed upon between
      the Borrower and the Additional Lenders. In
      the
      event that the Borrower shall be required to issue a pre-emptive notice to
      its
      shareholders in connection with this conversion of terms, Lender hereby agree
      to
      waive any pro rata share in the Loan to accommodate any other participating
      stockholder.





3.  **Parent
      Guaranty**


IXI
      Mobile, Inc. (“Parent”) shall guarantee any and all obligations of Borrower
      under this Agreement.










4.  By
      your
      signature below, you hereby agree to the terms of the Letter Agreement and
      the
      obligation imposed on you by it.





5.  This
      Letter Agreement may be executed in two (2) or more counterparts, each of which
      shall be deemed an original, but all of which together shall constitute one
      and
      the same instrument. The parties agree that facsimile signatures shall be
      binding.





6.  All
      notices required or permitted hereunder shall be in writing and shall be deemed
      effectively given: (a) upon personal delivery to the party to be notified,
      (b) when sent by confirmed facsimile if sent during normal business hours
      of the recipient, if not, then on the next business day of the recipient,
      (c) three (3) days after having been sent by registered or certified mail,
      return receipt requested, postage prepaid, or (d) one (1) day after deposit
      with a nationally recognized overnight courier, specifying next day delivery,
      with written verification of receipt. All communications shall be sent the
      party's address set forth in the header of this Letter Agreement or at such
      other address as any party may designate by ten (10) days advance written notice
      to the other parties hereto.





7.  Any
      term
      of this Letter Agreement may be amended and the observance of any term of this
      Letter Agreement may be waived (either generally or in a particular instance
      and
      either retroactively or prospectively), only with the written consent of all
      the
      parties hereto.





8.  This
      Letter Agreement shall be governed by and construed under the laws of the State
      of Delaware, exclusive of the provisions thereof governing conflicts of
      laws.







Sincerely,**IXI MOBILE, Inc.**
            
            
            **IXI MOBILE (R&D)
              Ltd**/s/ Lihi
              Segal
            
            
            /s/ Lihi
              SegalName:
              Lihi Segal
            
            
            Name:
              Lihi SegalTitle:
              CFO
            
            
            Title: CFO




***[Lenders'
      Signature Page Follows]***












IN
      WITNESS WHEREOF, the parties have executed this Letter Agreement as of the
      date
      first written above.








**SOUTHPOINT
      MASTER FUND, LP**





By:  Southpoint
      GP, LP, its general partner





By:  Southpoint
      GP, LLC





By: /s/
      Robert W.
      Butts




Name:  Robert
      W.
      Butts





Title:  Manager





By: /s/
      John S. Clark,
      II





Name:  John
      S.
      Clark, II




Title:  Manager





***[Southpoint
      Signature Page to $2M Letter Agreement]***














“ **SCHEDULE
      I**


**SCHEDULE
      OF LENDERS**




**"Lenders** ”








**Lender**
            **First
                Tranche Amount to be paid at First Closing Date**
            
            **Second
                Tranche Amount to be paid at Second Closing
                Date**Southpoint
                Master Fund, LP
            $1,000,000
            
            $1,000,000**TOTAL**
            **$1,000,000**
            
            **$1,000,000**