Document:

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                                                                    EXHIBIT 10.5

                                                           Date: April 28, 1999
Bank Hapoalim B.M.
Head Office
45 Rothschild Blvd.
Tel-Aviv

                   Re: Intention Letter For Granting Credit
                   ----------------------------------------

Dear Sirs:

     This letter sets out our mutual agreement as follows:

1.   Pursuant to an Interim Letter for Granting Credit dated March 7, 1999 (the
     "Intention Letter"), Bank Hapoalim B.M. (the "Bank") has agreed to provide
     Accord Video Telecommunications Ltd. (the "Company") with a credit line in
     the amount of US$4,000,000 (the "Credit Line") and the Company agreed to
     grant the Bank an option to acquire shares in the Company. The Company and
     the Bank have since agreed that such option will be in the form of a
     Warrant in the form annexed hereto (the "Warrant").

2.   Pursuant to Section 10 of the Warrant, certain registration rights granted
     by the Warrant are subject to the consent of the shareholders of the
     Company and pursuant to Section 11 of the Warrant, the Warrant is subject
     to and conditional upon the waiver or non-exercise by all shareholders of
     the Company of certain pre-emptive rights.

3.   The Company and the Bank have agreed that the Company will use its
     reasonable efforts to obtain the Consents and Waiver referred to in Section
     2 above (the "Consent and Waiver") within the period of thirty-five (35)
     days following the Effective Date, as defined in the Warrant (the "Interim
     Period").

4.   Until the Consent and Waiver is obtained, the amount of the Credit Line
     utilized shall not exceed US$2,000,000. Once the Consent and Waiver is
     obtained the Credit Line shall be utilizable in full.

5.   In the event the Company has not informed the Bank of the receipt of the
     Consent and Waiver prior to the expiration of the Interim Period, the
     Warrant shall be null and void. In such case the Bank shall have the right,
     exercisable by written notice to the Company given within five (5) days of
     the end of the Interim Period, to demand immediate payment of all amounts
     outstanding pursuant to the Credit Line. The Bank's rights pursuant to this
     Section 5 shall constitute its sole and exclusive remedy in respect of the
     failure of the Company to obtain the Consent and Waiver.

Please indicate your acceptance of the foregoing in the space provided below.

                                                       Sincerely yours,

                                                       /s/ [ILLEGIBLE]
                                                 ------------------------------
                                                 Accord Telecommunications Ltd.

Agreed to and accepted:

/s/ [ILLEGIBLE]
-----------------------
Bank Hapoalim B.M.<PAGE>

                                                                    Exhibit 10.6

Dear Sir,

                              Re: Indemnification
                                  ---------------

This letter is being issued to you pursuant to the resolutions adopted by the
Board of Directors of Accord Networks Ltd. (the "Company") on October 13, 1999,
and to you by the shareholders of the Company on December 15, 1999.

1.  The Company hereby undertakes to indemnify you in respect of:

    1.1  All amounts which you may be obligated to pay to any other person
         pursuant to any judgment including any judgment by way of compromise or
         any judgment of an arbitrator certified by the court within the
         framework of any legal proceedings taken against you, if any, due to
         any act or omission ("action") taken or made by you in your capacity as
         an Office Holder of the Company.

    1.2  All reasonable legal expenses, including attorney's fees, which you may
         pay or be obligated to pay by the court in relation to the opposing by
         you of any legal proceedings as aforesaid, which are instituted against
         you by the Company or in its name or by any other person, or in any
         criminal proceedings in which you are acquitted, or in any criminal
         proceedings regarding a crime which does not require mens rea (criminal
         intent) in which you are convicted, all in respect of actions taken by
         you in your capacity as an Office Holder of the Company.

     The above indemnification will also apply to any action taken by you in
     your capacity as an Office Holder of any other company controlled, directly
     or indirectly, by the Company (a "Subsidiary").

2.   The Company will not indemnify you for any amount you may be obligated to
     pay in respect of:

    2.1  A breach of your fiduciary duty to the Company, unless committed in
         good faith and with reasonable grounds to believe that such action
         would not harm the Company.

    2.2  A breach of your duty of care to the Company committed intentionally or
         out of indifference to the circumstances or results of such a breach.

    2.3  An action taken with the intent of unlawfully realizing personal gain.

    2.4  A fine or  penalty imposed upon you.

    2.5  A counterclaim made by the Company or in its name in connection with a
         claim against the Company filed by you.

3.  The Company will make available all amounts needed in accordance with
    paragraph 1 above on the date on which such amounts are first payable by you
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    ("Time of Indebtedness"), and with respect to items referred to in paragraph
    1.2 above, even prior to a court decision. Advances given to cover legal
    expenses in criminal proceedings will be repaid by you to the Company if you
    are found guilty (other than with respect to criminal proceedings regarding
    a crime which does not require criminal intent). Other advances will be
    repaid by you to the Company if it is determined that you are not lawfully
    entitled to such indemnification.

    As part of the aforementioned undertaking, the Company will make available
    to you any security or guarantee that you may be required to post in
    accordance with an interim decision given by a court or an arbitrator,
    including for the purpose of substituting liens imposed on your assets.

4.  The Company will indemnify you even if at the relevant Time of Indebtedness
    you are no longer an Office Holder of the Company, provided that the
    obligations are in respect of actions taken by you while you were an Office
    Holder and in your capacity as an Office Holder of the Company, including
    if taken prior to the above resolutions.

5.  The indemnification will be limited to the expenses mentioned in paragraph
    1.2 (pursuant and subject to paragraph 3 and insofar as indemnification with
    respect thereto is not restricted by law or by the provisions of paragraph 2
    above) and to the matters mentioned in paragraph 1.1 above insofar as they
    result from your actions in the following matters or in connection
    therewith:

     5.1  The offering of securities by the Company and/or by a shareholder to
          the public and/or to private investors pursuant to a prospectus,
          agreements, notices, reports, tenders and/or other proceedings,
          including in connection with the  prospectus the Company intends to
          publish in regard to a public offering of its securities.

     5.2  Occurrences resulting from the Company's status as a public company,
          and/or from the fact that the Company's securities were offered to the
          public and/or are traded on a stock exchange, whether in Israel or
          abroad.

     5.3  Occurrences in connection with investments the Company and/or
          Subsidiaries make in other corporations whether before and/or after
          the investment is made, entering into the transaction, the execution,
          development and monitoring thereof, including actions taken by you in
          the name of the Company and/or a Subsidiary as an Office Holder of the
          corporation the subject of the transaction and the like.

     5.4  The sale, purchase and holding of negotiable securities or other
          investments for or in the name of the Company and/or a Subsidiary.

     5.5  Without derogating from the generality of the above, actions in
          connection with the purchase or sale of companies, legal entities or
          assets, and the division or consolidation thereof.

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     5.6  Actions taken in connection with labor relations and/or employment
          matters in the Company and/or in  Subsidiaries and trade relations of
          the Company and/or Subsidiaries, including with employees, independent
          contractors, customers, suppliers and various service providers.

     5.7  Actions in connection with the testing of products developed by the
          Company and/or by Subsidiaries and the distribution, sale and use of
          such products.

     5.8  Actions taken in connection with the registration of patents (or other
          protection of intellectual property) with respect to inventions by the
          Company and/or its products.

     5.9  Actions taken pursuant to or in accordance with the policies and
          procedures of the Company and/or its Subsidiaries, whether such
          policies and procedures are published or not.

6.   The total amount of Indemnification that the Company undertakes towards all
     persons whom it has been resolved to indemnify pursuant to the above
     resolutions, jointly and in the aggregate, shall not exceed the greater of:

     (a)  Half the shareholders equity of the Company, as stated in the
          Company's audited or reviewed financial statements last prepared prior
          to the Time of Indebtedness; or

     (b)  An amount equal to 50 Million US Dollars, according to the
          representative rate of exchange, or any other official rate of
          exchange that may replace it, at the Time of Indebtedness; or

     (c)  The amount adjudicated against you jointly and severally with others -
          the amount adjudicated against you subject to the limitations in
          paragraphs 6(a) and 6(b) above (the greater of the two) plus the
          amount adjudicated against others if their portion is not collected
          for any reason.

7.  The Company will not indemnify you for any liability with respect to which
    you have received payment by virtue of an insurance policy or another
    indemnification agreement other than for amounts which are in excess of the
    amounts actually paid to you pursuant to any such insurance policy or other
    indemnity agreement (including deductible amounts not covered by insurance
    policies), within the limits set forth in paragraph 6 above.

8.  Subject to the provisions of paragraphs 6 and 7 above, the indemnification
    will, in each case, cover all sums of money (100%) that you will be
    obligated to pay, in those circumstances for which indemnification is
    permitted under the law.

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9.  The Company will be entitled to any amount collected from a third party in
    connection with liabilities indemnified hereunder.

10. In all indemnifiable circumstances indemnification will be subject to the
    following:

    10.1  You shall notify the Company of any legal proceedings initiated
          against you and of all possible or threatened legal proceedings within
          seven (7) days from the day that you are first aware thereof, and that
          you transfer to the Company, or to such person as it shall advise you,
          without delay all documents you receive in connection with these
          proceedings.

          Similarly, you must advise the Company on an ongoing and current basis
          concerning all events which you suspect may give rise to the
          initiation of legaproceedings against you.

    10.2  Other than with respect to proceedings that have been initiated
          against you by the Company or in its name, the Company shall be
          entitled to undertake the conduct of your defense in respect of such
          legal proceedings and/or to hand over the conduct thereof to any
          attorney which the Company may choose for that purpose, except to an
          attorney who is not, upon reasonable grounds, acceptable to you.

          The Company and/or the attorney as aforesaid shall be entitled, within
          the context of the conduct as aforesaid, to conclude such proceedings,
          all as it shall see fit, including by way of compromise. At the
          request of the Company, you shall execute all documents required to
          enable the Company and/or its attorney as aforesaid to conduct your
          defense in your name, and to represent you in all matters connected
          therewith, in accordance with the aforesaid.

          For the avoidance of doubt, in the case of criminal proceedings the
          Company and/or the attorneys as aforesaid will not have the right to
          plead guilty in your name or to agree to a plea-bargain in your name
          without your consent. Furthermore, in a civil proceeding (whether
          before a court or as a part of a compromise arrangement), the Company
          and/or its attorneys will not have the right to admit to any
          occurrences that are not indemnifiable pursuant to this Letter of
          Indemnification and/or pursuant to law, without your consent. However,
          the aforesaid will not prevent the Company and/or its attorneys as
          aforesaid, with the approval of the Company, to come to a financial
          arrangement with a plaintiff in a civil proceeding without your
          consent so long as such arrangement will not be an admittance of an
          occurrence not indemnifiable pursuant to this Letter of
          Indemnification and/or pursuant to law.

    10.3  You will cooperate with the Company and/or any attorney as aforesaid
          in every reasonable way as may be required of you within the context
          of their conduct of such legal proceedings, provided that the Company

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          shall cover all costs incidental thereto such that you will not be
          required to pay the same or to finance the same yourself.

    10.4  If, in accordance to paragraph 10.2, the Company has taken upon itself
          the conduct of your defense, the Company will have no liability or
          obligation pursuant to this Letter of Indemnification or the above
          resolutions to indemnify you for any legal expenses, including any
          legal fees, that you may expend in connection with your defense.

    10.5  The Company will have no liability or obligation pursuant to this
          Letter of Indemnification or the above resolutions to indemnify you
          for any amount expended by you pursuant to any compromise or
          settlement agreement reached in any suit, demand or other proceeding
          as aforesaid if the Company's consent to such compromise or settlement
          was not given in advance.

    10.6  That, if required by law, the Company's authorized organs will
          consider the request for indemnification and the amount thereof and
          will determine if you are entitled to indemnification and the amount
          thereof.

11. If for the validation of any of the undertakings in this Letter of
    Indemnification any act, resolution, approval or other procedure is required
    the Company undertakes to cause them to be done or adopted in a manner which
    will enable the Company to fulfill all its undertakings as aforesaid.

12. For the avoidance of doubt, it is hereby clarified that nothing contained in
    this Letter of Indemnification or in the above resolutions derogate from the
    Company's right to indemnify you post factum for any amounts which you may
    be obligated to pay as set forth in paragraph 1 above without the
    limitations set forth in paragraphs 5 and 6 above.

13. If any undertaking included in this Letter of Undertaking is held invalid or
    unenforceable, such invalidity or unenforceability will not affect any of
    the other undertakings which will remain in full force and effect.
    Furthermore, if such invalid or unenforceable undertaking may be modified or
    amended so as to be valid and enforceable as a matter of law, such
    undertakings will be deemed to have been modified or amended, and any
    competent court or arbitrator are hereby authorized to modify or amend such
    undertaking, so as to be valid and enforceable to the maximum extent
    permitted by law.

14. This Letter of Indemnification cancels any preceding Letter of
    Indemnification that may have been issued to you.

                               Sincerely,

                               Accord Networks Ltd.

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