Document:

Unassociated Document

     

    Exhibit
      10.1

    FIRST
      AMENDMENT TO LETTER AGREEMENT

    

    This
      First Amendment to the Letter Agreement (this “Amendment”),
      is
      made and entered into as of March 28, 2008, by and among IXI
      MOBILE (R&D) LTD.,
      an
      Israeli limited liability company, (the “Company”)
      IXI
      MOBILE, INC.,
      a
      Delaware corporation (the “Parent
      Guarantor”),
      and
GEMINI
      ISRAEL III LIMITED PARTNERSHIP, GEMINI ISRAEL III PARALLEL FUND LIMITED
      PARTNERSHIP, GEMINI ISRAEL III OVERFLOW FUND LIMITED PARTNERSHIP, GEMINI PARTNER
      INVESTORS LIMITED PARTNERSHIP
      (collectively, "Gemini").
      The
      parties hereby agree as follows: 

    

    RECITALS

    

    WHEREAS,
      the
      Company, the Parent Guarantor and the Lender have previously entered into that
      certain Letter Agreement dated as of March 28, 2007, (the “Letter
      Agreement”);
      and

    

    WHEREAS,
      The
      parties acknowledge that as of March 31, 2008, the sum of $2,000,000 will be
      owing as outstanding loan to the Lenders and the sum of $195,616 will be owing
      as accrued and unpaid interest thereon to the Lenders. The parties agree that
      such accrued and unpaid interest shall from and after April 1, 2008 be
      capitalized and treated as principal such that for all purposes under this
      Amendment the amount of loan outstanding after giving effect hereto shall be
      $2,195,616 (“Loan Amount”).

    

    WHEREAS,
      the
      parties now wish to further amend the Letter Agreement as set forth in this
      Amendment. 

    

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and for other good and valuable consideration,
      the receipt and adequacy of which are hereby acknowledged, the parties hereby
      agree as follows:

    

    Unless
      otherwise defined below, all capitalized terms herein shall have the meanings
      assigned to such terms in the Letter Agreement

    

    1. Amendment
      of the Letter Agreement.

     

    1.1 Section
      1.2 of the Letter Agreement is hereby amended and restated in its entirety
      to
      read as follows: 

     

    "1.2 Interest.
      

    

    The
      Loan
      Amount shall bear an annual interest at a rate of 10% per annum until March
      31,
      2008 and 20% thereafter, compounded annually on the basis of 365 days a year
      (the “Interest”). The amount of interest payable shall be added to, and deemed
      for all purposes of, the loan to constitute a portion of the principal amount
      of
      the loan outstanding as of March 31, 2008. Notwithstanding any other provision
      hereof, the amount of interest payable hereunder shall not in any event exceed
      the maximum amount permitted by the law applicable to interest charged on
      commercial loans. Accrued and
      unpaid interest
      on any portion of the principal amount of the loan outstanding shall be payable
      on the Maturity Date. In any event, all unpaid principal and accrued and unpaid
      interest through the Maturity Date shall be due and payable in full upon a
      change of control of the Company or the Parent Guarantor without the prior
      written consent of the Lenders which is prohibited by Section 7.11(1) of that
      certain Loan Agreement dated June 19, 2006, or on the Maturity
      Date.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1.2 Section
      1.4 of the Letter Agreement is hereby amended and restated in its entirety
      to
      read as follows:

     

    1.4 Repayment
      of Loan Amount

    

    All
      payment obligations to the Lenders under the Letter Agreements shall be due
      and
      payable on the earlier to occur of: (i) the acceleration of the Loans in
      accordance with the terms of this Agreement, including Section 1.2 above;
      and (ii) June 5, 2010 (subsections (i) and (ii) to be referred to
      herein as the “Maturity
      Date”)

     

    2. No
      Other Modifications.
      Except
      as expressly set forth herein, all other terms and conditions of the Letter
      Agreement shall remain in full force and effect.

     

    3. Miscellaneous.

     

    3.1 Counterparts;
      Fax Signatures.
      This
      Amendment may be executed in counterparts, each of which shall constitute an
      original, but all of which together shall constitute one and the same Amendment.
      Originally executed counterparts may be delivered by facsimile and any such
      delivery shall be valid for all purposes as delivery of a manual signature
      and
      equally admissible in any legal proceedings to which any of the Company, the
      Parent Guarantor, or the Lender is a party.

     

    3.2 Severability.
      If any
      provision of this Amendment or the application thereof, shall for any reason
      and
      to any extent be determined by a court of competent jurisdiction to be invalid
      or unenforceable under applicable law, the remaining provisions of this
      Amendment shall be interpreted so as best to reasonably effect the intent of
      the
      parties hereto.

     

    3.3 Entire
      Agreement.
      This
      Amendment, together with the Letter Agreement and all exhibits hereto and
      thereto, constitute the entire understanding and agreement of the parties with
      respect to the transactions contemplated herein and supersede all prior and
      contemporaneous understandings and agreements, whether written or oral, with
      respect to such transactions.

     

    3.4 Governing
      Law;
      Forum.
      This
      Amendment shall be governed in all respects by Section 8 of the Letter
      Agreement.

     

    [Remainder
      of Page Intentionally Left Blank]

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

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

    

    

    
      	 	
              IXI
                MOBILE (R&D) LTD.

               

               

            
	 	
              By:/s/
                Lihi
                Segal                     

            
	 	 
	 	
              Name:
                Lihi Segal

            
	 	 
	 	
              Title:
                CFO

            
	 	 
	 	 
	 	
              IXI
                MOBILE, INC.

               

               

            
	 	
              By:/s/
                Lihi
                Segal                     

            
	 	 
	 	
              Name:
                Lihi Segal

            
	 	 
	 	
              Title:
                CFO

            

    

    

    

    

    

    

    [Signature
      Page to First Amendment to Letter Agreement]

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

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

    

    
      	 	
              GEMINI
                ISRAEL III LIMITED PARTNERSHIP

            
	 	
              by
                its general partner Gemini Capital Associates III L.P.,

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              By:
                /s/ Yossi
                Sela                                         

               

            
	 	
              Name:
                Yossi
                Sela                                         

               

            
	 	
              Title:
                Managing Partner
                                             

            
	 	 
	 	
              By:
                /s/ David
                Cohen                                    

               

            
	 	
              Name:
                David
                Cohen                                     

               

            
	 	
              Title:
                CFO                                                      
                

            
	 	
               

            
	 	
              GEMINI
                ISRAEL III PARALLEL FUND LIMITED PARTNERSHIP

            
	 	
              by
                its general partner Gemini Capital Associates III, L.P.

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              By:
                /s/ Yossi
                Sela                                         

               

            
	 	
              Name:
                Yossi
                Sela                                         

               

            
	 	
              Title:
                Managing Partner
                                            

            
	 	 
	 	
              By:
                /s/ David
                Cohen                                    

               

            
	 	
              Name:
                David
                Cohen                                     

               

            
	 	
              Title:
                CFO                                                      
                

            

    

    
      
        	 	 
	 	
                GEMINI
                  ISRAEL III OVERFLOW FUND LIMITED PARTNERSHIP

              
	 	
                by
                  its general partner Gemini Capital Associates III L.P.,

              
	 	
                by
                  its general partner Gemini Israel Funds Ltd.

              
	 	 
	 	
                By:
                  /s/ Yossi
                  Sela                                         

                 

              
	 	
                Name:
                  Yossi
                  Sela                                         

                 

              
	 	
                Title:
                  Managing Partner
                                              

              
	 	 
	 	
                By:
                  /s/ David
                  Cohen                                    

                 

              
	 	
                Name:
                  David
                  Cohen                                     

                 

              
	 	
                Title:
                  CFO                                                     
                  

              

      

       

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
       

    

    
      	 	
              GEMINI
                PARTNER INVESTORS LIMITED PARTNERSHIP

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              By:
                /s/ Yossi
                Sela                                         

               

            
	 	
              Name:
                Yossi
                Sela                                         

               

            
	 	
              Title:
                Managing Partner
                                            

            
	 	 
	 	
              By:
                /s/ David
                Cohen                                     

               

            
	 	
              Name:
                David
                Cohen                                     

               

            
	 	
              Title:
                CFO                                                     
                

            

    

    

    [Signature
      Page to First Amendment to Letter Agreement]

    

    
      
        
        

      

      
        5Unassociated Document

    Exhibit
      10.2

    

    SECOND
      AMENDMENT TO LETTER AGREEMENT DATED JUNE 19, 2006

    

    This
      Second Amendment to Letter Agreement (this “Amendment”),
      is
      made and entered into as of March 28, 2006, by and among IXI
      MOBILE (R&D) LTD.,
      an
      Israeli limited liability company, (the “Subsidiary”),
      IXI MOBILE,
      INC.,
      a
      Delaware corporation (the “Parent”),
      GEMINI
      ISRAEL III LIMITED PARTNERSHIP, GEMINI ISRAEL III PARALLEL FUND LIMITED
      PARTNERSHIP, GEMINI ISRAEL III OVERFLOW FUND LIMITED PARTNERSHIP, GEMINI PARTNER
      INVESTORS LIMITED PARTNERSHIP
      (collectively, "Gemini").
      The
      parties hereby agree as follows: 

    

    RECITALS

    

    WHEREAS,
      the
      parties have previously entered into that certain Letter Agreement dated as
      of
      June 19, 2006 and a First Amendment to the Letter Agreement dated as of December
      21, 2006 (collectively, the "Letter
      Agreement")
      in
      relation to a Loan Agreement by and among the Parent, the Subsidiary and
      Southpoint Master Fund LP ("Southpoint")
      dated
      of even date therewith (the "Loan
      Agreement");
      and

    

    WHEREAS,
      the
      parties to the Loan Agreement have recently entered into a Third Amendment
      to
      Loan Agreement (the "Third
      Amendment to Loan Agreement")
      attached hereto as Exhibit
      A,
      pursuant to which, among other things, the parties to the Loan Agreement amended
      the loan interest rate and repayment terms of the loan provided to the
      Subsidiary by Southpoint under the Loan Agreement and, as a result of such
      amendment to the Loan Agreement, the parties now wish to amend the Letter
      Agreement so as to align certain terms of the Letter Agreement with the amended
      terms of the Loan Agreement, all as set forth in this Amendment. 

    

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and for other good and valuable consideration,
      the receipt and adequacy of which are hereby acknowledged, the parties hereby
      agree as follows:

    

    Unless
      otherwise defined below, all capitalized terms herein shall have the meanings
      assigned to such terms in the Loan Agreement as amended by the Third Amendment
      to Loan Agreement.

    

    1. Acknowledgement
      and Amendment of the Letter Agreement.

     

    1.1 Gemini
      and hereby acknowledges and agrees as follows:

     

    (a) the
      terms
      of the Third Amendment to Loan Agreement are known and acceptable to
      Gemini.

     

    (b) all
      references to terms and conditions of the Loan Agreement in the Letter
      Agreement, including, without limitation, all references to Sections 2.3 and
      2.4
      of the Loan Agreement, shall be deemed references to such terms as amended
      by
      the Third Amendment to Loan Agreement.

     

    (c) all
      references in the Letter Agreement to the term "Repayment Date" shall be deemed
      references to the term "Repayment Date" as defined in the Third Amendment to
      Loan Agreement.

     

    (d) all
      references in the Letter Agreement to the term "Basic Interest Rate" shall
      be
      deemed references to the term "Basic Interest Rate" as amended by the Third
      Amendment to Loan Agreement.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    2. No
      Other Modifications.
      Except
      as expressly set forth herein, all other terms and conditions of the Letter
      Agreement shall remain in full force and effect.

     

    3. Miscellaneous.
      

     

    3.1 Counterparts;
      Fax Signatures.
      This
      Amendment may be executed in counterparts, each of which shall constitute an
      original, but all of which together shall constitute one and the same Amendment.
      Originally executed counterparts may be delivered by facsimile and any such
      delivery shall be valid for all purposes as delivery of a manual signature
      and
      equally admissible in any legal proceedings to which any of the Subsidiary,
      the
      Parent, or the Lender is a party.

     

    3.2 Severability.
      If any
      provision of this Amendment or the application thereof, shall for any reason
      and
      to any extent be determined by a court of competent jurisdiction to be invalid
      or unenforceable under applicable law, the remaining provisions of this
      Amendment shall be interpreted so as best to reasonably effect the intent of
      the
      parties hereto.

     

    3.3 Entire
      Agreement.
      This
      Amendment, together with the Loan Documents and all exhibits hereto and thereto,
      constitute the entire understanding and agreement of the parties with respect
      to
      the transactions contemplated herein and supersede all prior and contemporaneous
      understandings and agreements, whether written or oral, with respect to such
      transactions.

     

    3.4 Governing
      Law.
      This
      Amendment shall be governed in all respects by Section 15 of the Letter
      Agreement.

     

    

    

    [Remainder
      of Page Intentionally Left Blank]

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

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

    

    

    
      	 	
              IXI
                MOBILE (R&D) LTD.

            
	 	 
	 	 
	 	
              By:/s/
                Lihi
                Segal                     

            
	 	 
	 	
              Name:
                Lihi Segal

            
	 	 
	 	
              Title:
                CFO

            
	 	 
	 	 
	 	
              IXI
                MOBILE, INC.

            
	 	 
	 	 
	 	
              By:/s/
                Lihi
                Segal                     

            
	 	 
	 	
              Name:
                Lihi Segal

            
	 	 
	 	
              Title:
                CFO

            

    

    

    

    

    

      [Signature
        Page to Second Amendment to Letter
        Agreement]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

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

    
      	 	
              GEMINI
                ISRAEL III LIMITED PARTNERSHIP

            
	 	
              by
                its general partner Gemini Capital Associates III L.P.,

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              By:
                /s/ Yossi
                Sela                                         

               

            
	 	
              Name:
                Yossi
                Sela                                         

               

            
	 	
              Title:
                Managing Partner
                                             

            
	 	 
	 	
              By:
                /s/ David
                Cohen                                    

               

            
	 	
              Name:
                David
                Cohen                                     

               

            
	 	
              Title:
                CFO                                                      
                

            
	 	
               

            
	 	
              GEMINI
                ISRAEL III PARALLEL FUND LIMITED PARTNERSHIP

            
	 	
              by
                its general partner Gemini Capital Associates III, L.P.

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              By:
                /s/ Yossi
                Sela                                         

               

            
	 	
              Name:
                Yossi
                Sela                                         

               

            
	 	
              Title:
                Managing Partner
                                            

            
	 	 
	 	
              By:
                /s/ David
                Cohen                                    

               

            
	 	
              Name:
                David
                Cohen                                     

               

            
	 	
              Title:
                CFO                                                      
                

            

    

    
      
        	 	 
	 	
                GEMINI
                  ISRAEL III OVERFLOW FUND LIMITED PARTNERSHIP

              
	 	
                by
                  its general partner Gemini Capital Associates III L.P.,

              
	 	
                by
                  its general partner Gemini Israel Funds Ltd.

              
	 	 
	 	
                By:
                  /s/ Yossi
                  Sela                                         

                 

              
	 	
                Name:
                  Yossi
                  Sela                                         

                 

              
	 	
                Title:
                  Managing Partner
                                              

              
	 	 
	 	
                By:
                  /s/ David
                  Cohen                                    

                 

              
	 	
                Name:
                  David
                  Cohen                                     

                 

              
	 	
                Title:
                  CFO                                                    

              

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

    

    
      	 	
              GEMINI
                PARTNER INVESTORS LIMITED PARTNERSHIP

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              By:
                /s/ Yossi
                Sela                                         

               

            
	 	
              Name:
                Yossi
                Sela                                         

               

            
	 	
              Title:
                Managing Partner
                                            

            
	 	 
	 	
              By:
                /s/ David
                Cohen                                     

               

            
	 	
              Name:
                David
                Cohen                                     

               

            
	 	
              Title:
                CFO                                                     
                

            

    

    

    

      [Signature
        Page to Second Amendment to Letter Agreement]

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Exhibit
        A

      

      Third
        Amendment to Loan Agreement

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