Document:

Ex-10.90

    Exhibit
      10.90

    Shareholders
      Loan Agreement

    

    Between:

    

    Auracall
      Limited, Nicholas Peters Business Centre, 7b High Street, Barnet, Herts EN5
      5UE
      (Auracall)

    

    And
      the
      share holders of Auracall namely:

    

    Swiftnet
      Limited, 960 High Road, London N12 9RY (Swiftnet)

     

    And

     

    Dan
      Kirschner, 18 Grimsdyke Crescent, Barnet, Herts (Dan)

    (Together
      Shareholders)

    

    It
      is
      herby agreed that:

    

    
      	1)  	
              The
                Shareholders hereby agree to provide Auracall loans for the amounts
                as
                follows: from Swiftnet £24,000, from Dan
                £50,000.

            

    

    
      	2)  	
              Each
                of the Shareholders will deposit a check in Auracall hands or directly
                in
                Auracall bank account on or before 13 October
                2006.

            

    

    
      	3)  	
              The
                loans are given on equal terms listed in this document i.e neither
                Swiftnet nor Dan is preferable on each
                other.

            

    

    
      	4)  	
              The
                loans are being given for a term of up-to one
                year.

            

    

    
      	5)  	
              The
                loans are provided free of any
                interest.

            

    

    
      	6)  	
              Auracall
                may pay the loan earlier than one year for as long as both Shareholders
                shall be repaid pro rata up to the full value of their
                loans.

            

    

     

    Date:
      27.09.2006

    
      	 	 	 
	 	AURACALL
	 
 	 
 	 
 
	 	By:  	
              /s/ Abraham
                Keinan

               

              /s/ Dan
                Kirschner

            
	 	
              

            

      	 	 

    

     

    
      	 	 	 
	 	SWIFTNET
	 
 	 
 	 
 
	 	By:  	/s/ Abraham
              Keinan
	 	
              

            
	 	 

/ 

    
      	 	 	 
	 	DAN
              KIRSCHNER
	 
 	 
 	 
 
	 	         
                 	/s/ Dan
              KirschnerEx10.91

    

      Exhibit
        10.91

      SERVICE
        AGREEMENT

      

      This
        Agreement is entered into on November 7, 2006, to be effective as of November
        1,
        2006, by and between Xfone,
        Inc. (“XFONE”
or
        the
“Company”),
        with
        offices at Britannia House, 960 High Road, London N12 9RY, United Kingdom,
        and
Institutional
        Marketing Services, Inc. (‘‘IMS”) with
        offices at 110 Wall Street, Suite 2400 New York, NY 10005, United
        States.

       

      WHEREAS,
        XFONE
        is
        a U.S.-domiciled corporation, with operations in the United Kingdom, the
        United
        States and Israel, that provides international voice, video and data
        communications services; and 

      

      WHEREAS, IMS
        is
        a
        U.S.-domiciled company
        that
        provides investor relations services; and 

      

      WHEREAS,
        XFONE
        desires to retain IMS to render its services to XFONE on the terms and
        conditions set forth in this Agreement and IMS desires to be retained by
        XFONE
        on such terms and conditions. 

       

      NOW
        THEREFORE, XFONE
        and
        IMS agree as follows: 

      

      IMS'
        Duties and Obligations

      

      1.  IMS
        shall
        review and analyze various aspects of XFONE’s goals and make recommendations on
        feasibility and achievement of desired goals.

      

      2.  At
        the
        Company’s request, IMS shall be available to manage any calls from firms,
        individual investors/shareholders and brokers inquiring about XFONE.

      

      3.  IMS
        shall
        assist XFONE in preparing its Annual and Special Meetings.

      

      4.  IMS
        shall
        assist XFONE in preparing its quarterly and yearly communications relative
        to
        its financial results and coordinate corresponding news announcements,
        conference calls and simulcasts on the Internet in accordance with Regulation
        FD.

      

      5.  IMS
        shall
        write, produce and/or assist XFONE in preparing and releasing all news
        announcements. XFONE shall be solely responsible for paying all fees associated
        with the actual release(s) through PR Newswire, or any other comparable news
        dissemination source. IMS shall create, build and continually enhance a database
        of all brokers, investors, analysts and media contacts who have expressed
        an
        interest in receiving ongoing information on XFONE and manage the ongoing
        distribution of news announcements and/or other Company approved
        communications.

      

      6.  At
        XFONE’s request, strive to obtain XFONE analyst coverage and/or investment
        banking sponsorship.

      

      7.  IMS
        shall
        arrange for a series of due diligence meetings with selected broker/dealers,
        institutional investors and analysts at predetermined dates throughout the
        campaign term, while remaining compliant with the rules and regulations
        associated with Regulation FD.

      

      8.  IMS
        shall
        create investor marketing material, including, but not limited to, a company
        factsheet.

      

      9.  In
        association with XFONE’s management team, IMS shall coordinate roadshow
        presentations and meetings with appropriate institutional
        investors.

      

      10.  All
        of
        the foregoing IMS-prepared documentation concerning the Company, including,
        but
        not limited to, informational write-ups, news announcements, shareholder
        letters, et al, shall be prepared by IMS using materials supplied to it by
        the
        Company and shall be approved in writing by the Company prior to release,
        dissemination or publish by IMS.

      

      11.  IMS
        shall
        not release, publish or disseminate any kind of information concerning the
        Company in an unlawful way, and shall comply with all applicable federal
        and/or
        state laws and/or rules and/or regulations. Without prejudice to the generality
        of the foregoing, prior to any dissemination of information concerning the
        Company, by E-mail, Fax or mail, IMS shall obtain the recipient's written
        consent. IMS shall keep records of such written consents.

      

      12.  IMS
        acknowledges and is aware that XFONE's securities are listed and traded on
        both
        the AMEX and the TASE, and IMS therefore undertakes to comply with all
        applicable rules and/or regulations and/or guidances of the AMEX and the
        TASE.

      

      XFONE's
        Duties and Obligations

      

      13.  XFONE
        will provide IMS
        with
        all relevant information necessary to carry out its duties and undertakings
        under this Agreement in an effectively manner.

      

      14.  In
        return
        for its services pursuant to this Agreement, IMS will be compensated by XFONE
        in
        the amount of Seven Thousand US Dollar ($7,000) per month, beginning on the
        effective date of this Agreement. VAT, if applicable, will be added to each
        payment. 

      

      In
        addition, IMS will be granted an aggregate of 108,000 warrants to purchase
        restricted shares of XFONE's common stock (the "Warrants"). The Warrants
        will be
        exercisable as follows: 36,000 at $3.50 per share; 36,000 at $4.00 per share;
        and 36,000 at $4.50 per share; The Warrants will vest at a rate of 3,000
        warrants each month (1,000 of each category) for 36 consecutive months. The
        Warrants will have a term of five (5) years. 

      

      The
        grant
        of the Warrants shall be subject to obtaining the approval of the American
        Stock
        Exchange and the Tel Aviv Stock Exchange for listing the shares underlying
        the
        Warrants. 

      

      In
        the
        event the Company elects early termination of this Agreement, pursuant to
        Section 17 herein, then any Warrants that have not yet reached their vesting
        date will be cancelled by the Company. 

      

      15.  XFONE
        will reimburse IMS for all reasonable out-of-pocket disbursements made in
        the
        performance of its duties under this Agreement, provided such out-of-pocket
        expenses were pre-approved in writing by XFONE. IMS will maintain accurate
        records of all expenditures incurred on XFONE’s behalf. Reimbursement of
        out-of-pocket expenses shall include but not be limited to: photocopying,
        postage, messenger service, information retrieval service, wire service,
        production costs for press releases, travel and entertainment expenses, and
        meeting expenses including rental of audio/visual equipment. 

      

      Notwithstanding
        the foregoing, mail and courier expenses in an aggregate monthly amount which
        does not exceeds $500 will not require pre-approval. 

      

      
        
           

          

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Terms
        of Payment

      

      16.  IMS
        shall
        invoice XFONE on a monthly basis for the month’s fee and previous month’s
        out-of-pocket expenses. XFONE agrees that payment is due within thirty (30)
        days
        of receipt of invoice. In the event XFONE questions the validity of a charge
        by
        IMS, payment for only that portion under question may be delayed, provided
        XFONE
        expresses its objection in writing within fifteen (15) days upon receipt
        of
        invoice.

      

      Duration
        and Termination

      

      17.  This
        Agreement shall be effective as of November 1, 2006. Either party has the
        right
        to terminate this agreement, at any time and for any reason whatsoever, with
        thirty (30) days prior written notice .

      

      18.  Upon
        termination of this Agreement, for any reason, IMS shall immediately return
        to
        the Company all property that is in its possession that is Company's property,
        and shall provide the Company with all materials
        prepared, composed and collected in connection with the provision of the
        services pursuant this Agreement, including but not limited to presentations,
        profiles, scripts, investors data base, feedbacks, participants list in events
        organized by IMS and e-mail exchanges with investors.

      

      Non-Exclusivity

      

      19.  XFONE
        reserves the right to appoint or retain any third party to provide services
        similar to those rendered by IMS
        pursuant to this Agreement.

      

      Confidentiality

      

      20.  All
        information disclosed by XFONE to IMS which has a confidential nature and/or
        marked as “Confidential”, shall be treated by IMS as strictly confidential. IMS
        will make all necessary and appropriate efforts to safeguard such information
        from disclosure or from unauthorized use. Except as may be required by law,
        IMS,
        its officers, directors, employees, agents and affiliates shall not furnish,
        disclose, deliver or otherwise make available or accessible to any third
        party,
        directly or indirectly, any confidential information of XFONE without the
        prior
        written consent of XFONE. 

      

      Indemnification

      

      21.  IMS
        agrees to indemnify and hold XFONE, its affiliates, control persons, directors,
        officers, employees and agents (collectively, the “Indemnified Persons”)
        harmless from and against any and all losses, claims, damages, liabilities,
        costs or expenses (including reasonable attorneys’ and accountants’ fees)
        arising out of the performance of this Agreement, whether or not IMS is a
        party
        to such dispute. This indemnity shall not apply, however, where a court of
        competent jurisdiction has made a final determination that XFONE engaged
        in
        gross negligence or willful misconduct which gave rise to the loss, claim,
        damage, liability, cost or expense sought to be recovered hereunder (but
        pending
        any such final determination, the indemnification and reimbursement provision
        of
        this Agreement shall apply and IMS shall perform its obligations hereunder
        to
        reimburse XFONE for its expenses).

      

      Amendment

      

      22.  This
        Agreement may not be changed or modified except by a written document executed
        and signed by both parties. 

      Severability

      

      23.  Various
        provisions and sub-provisions of this Agreement are severable and if any
        provision or sub-provision or part thereof is held to be unenforceable by
        any
        court of competent jurisdiction, then such enforceability shall not affect
        the
        validity or enforceability of the remaining provisions or sub-provisions
        or
        parts thereof in this Agreement.

      

      Governing
        Law and Jurisdiction

      

      24.  This
        Agreement shall be governed by the laws of the state of New York, and the
        parties submit to the exclusive jurisdiction of the courts of New York in
        respect of any dispute or difference between them arising out of this
        Agreement.

      

      Miscellaneous

      

      25.  XFONE
        and IMS
        agree
        that IMS shall act solely as an independent contractor. Neither IMS
        nor
        its employees or any other person representing IMS shall be construed as
        having
        entered into relationship of employer and employee with XFONE. 

      

      26.  IMS
        shall
        have no authority to impose, incur or create any debt, liability or obligation
        in the name of, on behalf of, and/or for the account of XFONE. 

      

      27.  No
        waiver
        of any breach or condition of this Agreement shall be deemed to be a waiver
        of
        any other subsequent breach or condition, whether of a like or different
        nature.

      

      28.  Neither
        of the parties hereto shall assign or transfer its rights or obligations
        pursuant to this Agreement or any portion thereof without the prior written
        consent of the other party, except that XFONE may assign or transfer its
        rights
        and obligations under this Agreement to a subsidiary or entity controlling,
        controlled by or under common control with XFONE or to any entity that acquires
        all or substantially all of the assets of XFONE or more than fifty percent
        (50%)
        of the current outstanding voting stock of XFONE. 

      

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

       

      
        	/s/ Guy
                Nissenson	 	 /s/ John
                Nesbett
	
                Xfone,
                  Inc.

              	 	
                Institutional
                  Marketing Services, Inc.

              
	 	 	 	 	 
	
                Name:

              	
                Guy
                  Nissenson

              	 	
                Name:
                  

              	
                John
                  G. Nesbett

              
	 	 	 	 	 
	
                Title:

              	
                President
                  & CEO

              	 	
                Title:

              	
                President

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