Document:

ex10137.htm

    

    AGREEMENT

    

    This
agreement is made and entered into as of January 29, 2010, by and between Xfone,
Inc., whose principal executive offices are at 5307 W Loop 289, Lubbock, TX
79414, U.S. (“Xfone”), and Abraham Keinan, whose address is at 4 Wycombe
Gardens, London NW11 8AL, UK (“Abraham”).

    

    

    RECITALS

    

    WHEREAS, on March 28, 2007,
Xfone and Abraham entered into a consulting agreement (the “Consulting
Agreement”) pursuant to which, among others, Abraham is entitled to receive from
Xfone monthly fees and an appropriate severance package; and

     

    WHEREAS, on January 29, 2010,
Xfone, Abraham and AMIT K LTD (a company owned and controlled by Abraham)
(“AMIT”) entered into an agreement (the “Purchase Agreement”) pursuant to which
Abraham, through AMIT, shall purchase from Xfone the UK Subsidiaries (as that
term is defined in the Purchase Agreement) (the “Transaction”); and

     

    WHEREAS, subject to and upon
the consummation of the Transaction, Xfone and Abraham wish to terminate the
Consulting Agreement.

     

    NOW, THEREFORE, in
consideration of the above premises and the respective representations,
warranties, agreements and conditions herein set forth, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement (each, a “Party” and collectively
the “Parties”), intending to be legally bound, hereby agree as
follows:

     

    
      	
              1.  

            	
              Termination
      of the Consulting Agreement.  Subject to and upon the
      consummation of the Transaction:

            

    

     

    
      	
              a.  

            	
              The
      Consulting Agreement, including Abraham’s right to enter into a severance
      agreement, shall be terminated.

            

    

     

    
      	
              b.  

            	
              Abraham
      waives the monthly fees and the appropriate severance package due to
      Abraham pursuant to the Consulting
Agreement.

            

    

     

    
      	
              c.  

            	
              Xfone
      shall pay to Abraham two months' fees which are unpaid and due to Abraham
      as of the date of this Agreement pursuant to the Consulting Agreement, in
      an aggregate amount of £32,000, as well as any additional monthly fees due
      to Abraham and unpaid as of the consummation of the Transaction under the
      Consulting Agreement.

            

    

     

    
      	
              2.  

            	
              Abraham's
      Directorship.  Upon the consummation of the Transaction
      and for as long as Abraham remains a director of Xfone, Abraham shall be
      deemed a non-independent director and shall not be entitled to any
      compensation in connection with his
  directorship.

            

    

     

    
      	
              3.  

            	
              Release
      and Discharge of Actions and Claims. Unless otherwise agreed upon
      in this Agreement, each Party releases and discharges the other Party,
      including its subsidiaries, directors, officers, affiliates, employees,
      attorneys, successors and assigns, of and from any and all manner of
      action and actions, causes and causes of action, claims, controversies,
      contracts, torts, debts, damages or demands whatsoever, that it has had,
      now has, or may in the future have, arising out of or related to the
      Consulting Agreement.

            

    

     

    

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first above written.

    

    

      /s/
Guy
Nissenson             

    Xfone,
Inc.

    

    

    

    

    

    /s/
Abraham Keinan           

    Abraham
Keinan

    

    
      
        
        

      

      
        -2-ex10138.htm

    AGREEMENT

    

    This
agreement (this
"Agreement") is
made and entered into this 29 day of January 2010, by and between Abraham Keinan
("Keinan"), Guy Nissenson ("Nissenson") and Campbeltown Business Ltd.
(“Campbeltown “).

    

    W
I T N E S S E T H :

    

    WHEREAS, on January 29, 2010,
Keinan, AMIT K LTD (a company owned and controlled by Keinan) and Xfone, Inc.
(the “Company” or “Xfone”) have entered into an agreement (the “Purchase
Agreement”) pursuant to which Keinan shall purchase from Xfone, through AMIT,
all of the capital stock of Swiftnet Limited, Auracall Limited, Equitalk.co.uk
Limited, Story Telecom, Inc. and Story Telecom Limited (the “Transaction”);
and

    

    WHEREAS, as of the date of
this Agreement, Keinan is the beneficial owner of 3,208,000 shares of common
stock of Xfone (“Keinan’s Shares”); and

    

    WHEREAS, Nissenson,
Campbeltown and Keinan have entered into a voting agreement dated September 28,
2004 (the “Voting Agreement”), and, subject to and upon the consummation of the
Transaction, they wish to terminate the Voting Agreement and simultaneously
replace it with an irrevocable written appointment by Keinan of Nissenson, to
act as Keinan’s proxy in respect of Keinan’s Shares and any other shares of
Xfone Keinan may own or hold thereafter, in the form agreed upon by the Parties
(the “Irrevocable Proxy”).

    

    NOW, THEREFORE, in
consideration of the mutual covenants contained in this Agreement, and for other
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Keinan, Nissenson and Campbeltown (the Parties") agree as
follows:

     

    

    
      	
              1.  

            	
              Subject
      to and upon the consummation of the Transaction, the Voting Agreement
      shall be terminated, effective
immediately.

            

    

    

    
      	
              2.  

            	
              The
      Irrevocable Proxy shall not be revocable or revoked by Keinan and shall be
      binding upon his successors and assigns, provided, however, that the
      Irrevocable Proxy shall have no force and effect, in respect of such
      shares sold by Keinan in an arm’s length sale (in good faith) of the
      shares to a third party that is not an Affiliate (as defined in the
      Irrevocable Proxy) or related party of Keinan.  The Irrevocable
      Proxy shall remain in effect for as long as Nissenson is the record or
      beneficial holder of one hundred
      thousand (100,000) or more shares of the Company’s common stock or a
      director or an executive officer of the Company. In the event that
      Nissenson is not the record or beneficial holder of any shares of the
      Company’s common stock and has
      ceased to be a director and an executive officer of the Company, the
      Irrevocable Proxy shall have no force and
  effect.

            

    

    

    
      	
              3.  

            	
              Upon
      entering into this Agreement, Keinan shall deliver to Adv. Yoram Muszkat
      of 85 Yehuda Halevi St., Tel Aviv, Israel who is an agreed escrow agent
      for the Parties (the “Escrow
Agent”):

            

    

    

    
      	
              a.  

            	
              The
      Irrevocable Proxy, duly executed and with the date of execution left in
      blank.

            

    

    
      	
              b.  

            	
              A
      letter of resignation from Keinan’s directorship at Xfone, which shall
      become effective in the event Keinan is no
      longer the record or beneficial holder of at least 1,000,000 shares of the
      Company’s common stock (“Keinan’s Resignation
  Letter”).

            

    

    

    
      	
              4.  

            	
              Subject
      to and upon the consummation of the Transaction, the Escrow Agent shall
      deliver the Irrevocable Proxy to
Nissenson.

            

    

    

    
      	
              5.  

            	
              Subject
      to and upon the consummation of the Transaction, and upon receipt of
      adequate evidence that Keinan is no longer the record or beneficial holder
      of at least 1,000,000 shares of the Company’s common stock in the
      aggregate, owned directly and/or indirectly, not including unexercised
      options to purchase common stock, the Escrow Agent shall deliver Keinan’s
      Resignation Letter to Nissenson.

            

    

    

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

    For
purposes of this agreement, “adequate evidence” shall mean (1) a filing with the
Securities and Exchange Commission by Keinan and/or his affiliates on Form 4,
Form 5, Schedule 13D or Schedule 13G, or amendments thereto, which reports
aggregate ownership of less than 1,000,000 shares directly and indirectly; or
(2) a written statement by Keinan addressed to the Company or the Escrow Agent
to the effect that Keinan is no longer the record or beneficial holder of at
least 1,000,000 shares of the Company’s common stock.

    

    
      	
              6.  

            	
              Subject
      to and upon the consummation of the Transaction, and for as long as
      Nissenson has voting power over any shares of the Company's common stock,
      in any manner whatsoever, and Keinan is a record
      or beneficial holder of at least 1,000,000 shares of the Company’s common
      stock, Nissenson undertakes to vote “FOR” the election/re-election of
      Keinan as a director of Xfone at any shareholder meeting at which Keinan
      is standing for
election/re-election.

            

    

    

    
      	
              7.  

            	
              In
      the event the Transaction is not consummated as set forth in the Purchase
      Agreement, for any reason, (i) the Escrow Agent shall deliver the
      Irrevocable Proxy to Keinan; (ii) this Agreement shall terminate and shall
      be of no further force and effect, and (iii) the Voting Agreement shall
      remain in force and effect for the remainder of its
  term.

            

    

    

    

    IN WITNESS WHEREOF, the
Parties have signed this Agreement on the day and year first above
written.

    

    

    

    /s/ Abraham
Keinan                                                            /s/ Guy
Nissenson             

    Abraham
Keinan                                                                    Guy
Nissenson

    

    

    

     /s/ Guy
Nissenson              

    Campbeltown
Business Ltd.

    

    
      
        
        

      

      
        -2-

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