Document:

Exhibit
      10.1

     

    Consent
      of Independent Registered Public Accounting Firm

     

    We
      consent to the incorporation by reference in the Registration Statements on
      Form
      S-8 (Registration No. 333-12586, 333-13786, 333-14142, 333-83914, 333-104070,
      333-121229, 333-138717 and 333-148316) of Alvarion Ltd. of our reports dated
      April 2, 2008, with respect to the consolidated financial statements of Alvarion
      Ltd. and
      the
      effectiveness of internal control over financial reporting of Alvarion Ltd.
      included
      in this annual report on Form 20-F for the year ended December 31,
      2007.

    

    

    
      	 	
              /s/
                KOST, FORER GABBAY &
                KASIERER

            
	
              Tel-Aviv,
                Israel

            	
              A
                Member of Ernst & Young Global

            
	 	 
	 	 
	
              April
                2, 2008Unassociated Document

    Bradley
      M. Mindich

    126
      Brookline Avenue

    Boston,
      MA 02115

     

                        April
      2,
      2008

     

    PERSONAL
      AND CONFIDENTIAL

    

    Board
      of
      Directors

    g8wave
      Holdings, Inc.

    126
      Brookline Avenue, Suite 201

    Boston,
      MA 02115

    

    
      	 	
              Re:

            	
              g8wave,
                Inc. (the “Company”)

            

    

     

    Gentlemen:

     

    This
      letter confirms your and our mutual intention to enter into good faith
      negotiations with a view to entering into an agreement for the acquisition
      by
      Bradley M. Mindich or his designee (the “Buyer”)
      from
      g8wave Holdings, Inc. (the “Seller”)
      of all
      of the capital stock of the Company (as well as all options, warrants and any
      other rights to receive capital stock of the Company) (the “Stock”).
      

     

    
      	 	
              1.

            	
              Terms.
                We envision that the principal terms of the proposed transaction
                would be
                substantially as follows:

            

    

     

    
      	 	
              (a)

            	
              Acquisition.
                The Buyer would acquire the Stock free and clear of any claims, security
                interests, liens, encumbrances, defenses, liabilities and setoffs,
                other
                than restrictions on transfer under applicable federal and state
                securities laws. The actual structure of the transaction will be
                mutually
                determined by the Buyer and the Seller, after consultation with their
                respective tax, legal and financial advisors, and may include a reverse
                merger. 

            

    

     

    
      	 	
              (b)

            	
              Consideration.
                At the closing of the acquisition of the Stock and in consideration
                therefor, the Buyer would (i) surrender to the Seller all right,
                title,
                and interest in and to all of the capital stock of the Seller currently
                owned by the Buyer and all rights associated with such stock, in
                each case
                free and clear of any claims, security interests, liens, encumbrances,
                defenses, liabilities and setoffs, other than restrictions on transfer
                under applicable federal and state securities laws, (ii) assume all
                known
                liabilities of the Seller (other than those related to its outstanding
                securities, e.g.,
                obligations under outstanding warrants, option plans, etc., which
                shall
                remain the liability of the Seller) and indemnify the Seller for
                the same,
                it being agreed that the Seller will use commercially reasonable
                efforts
                to negotiate and/or settle such liabilities prior to closing (subject
                to
                the Buyer’s reasonable approval), (iii) pay to Seller $30,000,
                which amount the parties estimate to be the amount necessary for
                the
                Seller to continue its existence and remain in compliance with applicable
                laws and the rules and regulations of the SEC and state securities
                regulators (“Maintenance
                Costs”)
                for a period of 3 months after the closing, (iv) agree to pay or
                cause a
                mutually agreeable, credit worthy affiliate to pay, no later than
                5
                business days after the submission of invoices therefor, all Maintenance
                Costs for a period of 12 months after the closing, provided that
                such
                Maintenance Costs shall not exceed $125,000, and (iv) continue the
                Seller’s D&O policy coverage for a period of 3 years after the closing
                as to possible claims arising from the existing business of the Seller,
                but not any future undertakings of the
                Seller.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    PERSONAL
      AND CONFIDENTIAL

    Board
      of
      Directors

    g8wave
      Holdings, Inc. 

    Page
      2

    

    
      	 	
              (c)

            	
              Third-party
                Consents and Approvals; Conditions to Closing.
                The Seller will obtain all third-party consents necessary for the
                transfer
                of the Stock to the Buyer without giving any such third-party default
                or
                termination rights, all in form and substance satisfactory to the
                Buyer.
                The Buyer will be responsible for obtaining all third-party consents
                and
                approvals with respect to agreements and obligations of the Company
                and
                its subsidiaries and the Seller will have no responsibility or liability
                therefor. In addition, the Buyer will be responsible for obtaining
                all
                necessary third party consents and waivers required to surrender
                the
                Buyer’s shares of capital stock to the Seller, including any and all
                waivers under lock-up agreements governing those shares. The closing
                of
                the transaction would be contingent on the approval of the holders
                of a
                majority of the outstanding shares of the Seller, excluding the Buyer
                (the
                “disinterested stockholders”). The closing would not occur earlier than
                ten (10) days following the filing of a Form 8-K with the Securities
                and Exchange Commission disclosing the transaction contemplated
                hereby.

            

    

     

    
      	 	
              (d)

            	
              Conduct
                in Ordinary Course.
                The Company will conduct its business in the ordinary course during
                the
                period between the date of this letter of intent and the closing
                date.

            

    

     

    
      	 	
              2.

            	
              Definitive
                Purchase Agreement.
                All of the terms and conditions of the proposed transaction would
                be
                stated in a definitive written agreement (the “Stock
                Purchase Agreement”)
                containing terms customary for transactions of this type, including
                without limitation, customary representations and warranties by the
                parties concerning the securities to be sold or surrendered, as
                applicable, and their authority to enter into the Stock Purchase
                Agreement
                (but would not contain representations or warranties about the
                Company’s business), all to be negotiated, agreed to and signed by the
                Seller and the Buyer.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    PERSONAL
      AND CONFIDENTIAL

    Board
      of
      Directors

    g8wave
      Holdings, Inc. 

    Page
      3

    

    
      	 	
              3.

            	
              Exclusive
                Negotiating Rights.
                In order to induce the Buyer to commit the resources, forego other
                potential opportunities, and incur the legal, accounting and incidental
                expenses necessary to properly evaluate the possibility of acquiring
                the
                Stock, and to negotiate the terms of, and consummate, the transaction
                contemplated hereby, the Seller agrees that, subject to the last
                paragraph
                of this Section 3, for a period of twenty (20) days after the date
                of your
                acceptance of this letter of intent (a) neither the Seller, nor any
                of its
                representatives, will, directly or indirectly, negotiate or offer
                to
                negotiate or discuss with, solicit or initiate, or entertain or encourage
                submission of inquiries, proposals or offers from any third party
                with
                respect to the disposition of the Stock, the Company’s business or any
                portion thereof, whether by the sale of the Stock, sale of assets,
                or some
                other means that results in a change of control of the Company, its
                business or its assets (an “Acquisition Proposal”) and (b) the Seller will
                promptly notify the Buyer of the terms of any inquiry or proposal
                that the
                Seller may receive with respect to any Acquisition Proposal and of
                the
                Seller’s response thereto. The parties hereto will use their commercially
                reasonable efforts to negotiate and agree upon the terms of the Purchase
                Agreement within twenty (20) days and to close the acquisition as
                soon
                thereafter as is possible.

            

    

     

    The
      Seller represents that it is not currently bound by any contract or
      understanding with any other third party concerning an Acquisition Proposal
      and
      that the execution and delivery of this letter of intent by it does not violate
      any other obligations or commitments currently binding on it.

     

    In
      consideration of the foregoing, the Buyer shall not sell, encumber, transfer,
      or
      otherwise dispose of, or grant any rights of any kind or nature in or to, any
      of
      the shares of capital stock of the Seller during the period that the above
      exclusive negotiation rights are in effect. 

     

    Notwithstanding
      the foregoing, if at any time prior to the approval of the transaction by the
      disinterested stockholders of the Seller, the Seller’s board of directors
      obtains a bona fide Acquisition Proposal or financing proposal from a third
      party, and such board determines in good faith that such proposal is superior
      to
      the proposal set forth herein, the board of directors may cause the Seller
      to
      terminate this agreement as necessary in order for the board of directors,
      in
      its reasonable discretion, to properly exercise its fiduciary duties. In the
      event the Seller exercises it right to terminate this agreement pursuant to
      the
      provisions of this paragraph, or if the closing does not occur thereafter for
      any reason other than the Buyer’s default, the Seller shall pay to the Buyer,
      promptly upon the Buyer’s written request, an amount equal to 120% of (i) any
      funds advanced by the Buyer or an affiliate of the Buyer to the Company from
      the
      date hereof to the date of termination or the scheduled closing date, as the
      case may be, for the operation of the Company’s business, and (ii) any expenses
      incurred by the Buyer in connection with the transaction contemplated by this
      agreement (the “Break-Up
      Fee”).
      In
      addition, the Seller shall grant to the Buyer for a period of twenty months
      following such date, without the payment of further consideration by the Buyer,
      a non-exclusive right and license (or, where applicable, a sublicense) to use
      or
      have used for the benefit of the Buyer in the business of the Buyer or the
      business of any affiliate of the Buyer, the technology and other assets of
      Seller necessary to permit the Buyer to fulfill the Buyer’s and its affiliates’
customers mobile technology campaigns (the “Technology
      License”).
      For
      avoidance of doubt, an Acquisition Proposal or financing proposal shall not
      be
      deemed to be superior if, among other things, it does not provide sufficient
      funds to permit the Seller to pay the Break-Up Fee or prevents the Seller from
      granting the Technology License.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    PERSONAL
      AND CONFIDENTIAL

    Board
      of
      Directors

    g8wave
      Holdings, Inc. 

    Page
      4

    

    
      	 	
              4.

            	
              Expenses.
                The Buyer and the Seller (and not the Company) will each pay their
                respective expenses incident to this letter of intent, the Purchase
                Agreement and the transaction contemplated hereby and thereby; it
                being
                understood that such expenses incurred by the Seller shall be assumed
                by
                the Buyer at the closing pursuant to Section
                1(b)(ii)
                hereof.

            

    

     

    
      	 	
              5.

            	
              Broker’s
                Fees.
                The Seller and the Buyer have represented to each other that no brokers
                or
                finders have been employed who would be entitled to a fee by reason
                of the transaction contemplated by this letter of
                intent.

            

    

     

    
      	 	
              6.

            	
              No
                Binding Obligation.
                Except for the Section 3 (Exclusive Negotiating Rights), Section
                4
                (Expenses), Section 5 (Broker’s Fees), and Section 6 (No Binding
                Obligation), this letter of intent does not constitute or create,
                and
                shall not be deemed to constitute or create, any legally binding
                or
                enforceable obligation on the part of any party to this letter of
                intent.
                No such obligation shall be created, except by the execution and
                delivery
                of the Purchase Agreement containing such terms and conditions of
                the
                proposed transaction as shall be agreed upon by the parties, and
                then only
                in accordance with the terms and conditions of such Purchase
                Agreement.

            

    

     

    
      	 	
              7.

            	
              Assignment.
                The Buyer may assign its rights hereunder to an
                affiliate.

            

    

     

    This
      letter will automatically expire and be of no further force or effect at
      5:00 p.m. E.S.T. on April 2, 2008 if not accepted by the Seller prior to
      that time.

     

    If
      the
      foregoing terms and conditions are acceptable to you, please so indicate by
      signing the enclosed copy of this letter and returning it to the attention
      of
      the undersigned.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    PERSONAL
      AND CONFIDENTIAL

    Board
      of
      Directors

    g8wave
      Holdings, Inc. 

    Page
      5

    

     

    
      	 	
              Very
                truly yours,

            
	 	 
	 	
              /s/
                Bradley M. Mindich    

            
	 	
              Bradley
                M. Mindich

            

    

    

     

    ACCEPTED
      AND AGREED ON April 2, 2008

     

    g8wave
      Holdings, Inc.

     

    By:
      /s/
      Habib Khoury

    Name:
      Habib Khoury

    Title:
      Chief Executive Officer and Director

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