Document:

Exhibit 10.3

               AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

      AMENDED AND RESTATED EMPLOYMENT AGREEMENT ("Agreement") entered into as of
May 27, 2002, between Samuel Brill ("Employee") and TTR Technologies, Inc, a
Delaware corporation (collectively, the "Company").

      WHEREAS, Employee and the Company entered into an employment agreement
dated as of November 5, 2001, pursuant to which Employee was originally hired as
the Company's Vice President of Corporate Strategy (the "Original Agreement");

      WHEREAS, Employee in April 2002 Employee was designated as the Company's
Chief Operating Officer and also elected to the Company's board of directors
(the "BOD");

      WHEREAS, in connection with the Employee's designation in his new
capacity, desire to amend and restate the Original Agreement in its entirety,
all on the terms and conditions set forth herein;

      NOW, THEREFORE, in consideration of the foregoing and the mutual
agreements set forth herein, and other valuable consideration, the parties
hereto, intending to be legally bound, hereby agree as follows:

1.    EMPLOYMENT PERIOD; REPRESENTATION

      (a) The Company agrees to employ Employee, and Employee hereby agrees to
such employment, subject to the terms and conditions set forth in this
Agreement.

      (b) Employee represents that his material compliance with the terms of
this Agreement and his performance as an executive of the Company does not and
shall not breach any agreement to keep in confidence information acquired by
Employee in confidence or in trust prior to employment by the Company. Employee
has not entered into, and agrees not to enter into, any agreement, either
written or oral, in conflict herewith.

      (c) Employee acknowledges that this Agreement contains non-competition,
non-disclosure and proprietary information provisions, and Employee agrees to
comply with these provisions. Employee understands that entering into and
complying with these provisions is a condition to Employee 's continued
employment with the Company and that failure to comply with the terms and
conditions of these provisions may result in termination "for cause" under this
Agreement and in other damages to the Company.

2.    TERM

      The employment under this Agreement shall become effective as of May 27,
2002 (the "Effective Date") and continue for the period of three (3) years from
the Effective Date, unless Employee's employment is otherwise terminated earlier
by the Company or Employee in accordance with Section 6 hereof (the "Initial
Term").

3.    POSITIONS AND DUTIES

      (a) Upon the commencement of the Initial Term, Employee shall occupy the
position and perform the duties of Chief Operating Officer of the Company on a
full-time basis. In his capacity as Chief Operating Officer, Employee shall
report directly to, and be responsible to, the Chief Executive Officer of the
Company, or such other Company officer as shall be designated by the Chief
Executive

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Officer. Employee shall perform duties and responsibilities as are consistent
with the position described above which relate to the business of Company, or of
any affiliates or subsidiaries of the Company, or any business ventures in which
Company, its affiliates or subsidiaries may participate and as are assigned to
him from time to time by the Chief Executive Officer.

      (b) The Company shall maintain an office located in New York which shall
be Employee's principal place of work, unless otherwise agreed to by Employee in
writing.

      (c) Employee shall devote 100% of his working time, attention and energies
to the business of the Company and shall assume and perform such further
reasonable and lawful responsibilities and duties as may be assigned or directed
by the Board.

      (d) Employee agrees that he will at all times devote his reasonable best
efforts, skill and ability to promote the Company's interests and work with the
Chief Executive Officer and the other executives of the Company.

      (f) Employee acknowledges and agrees that he is required to observe all
the lawful rules and policies of the Company generally applicable to senior
executives to the extent they are not inconsistent with the terms of this
Agreement.

      (g) The Company shall indemnify Employee to the fullest extent permitted
by law, as amended from time to time, for all amounts (including, without
limitation, judgments, fines, settlement payments, expenses and attorney's fees)
incurred or paid by Employee in connection with any action, suit, investigation
or proceeding arising out of or relating to the performance by Employee of
services for, or the acting by Employee as a director, officer or employee of,
the Company, or any other person or enterprise at the Company's request,
provided that Employee acted in good faith, for a purpose which he reasonably
believed to be in the best interests of the Company and, in criminal actions or
proceedings, in addition, had no reasonable cause to believe that his conduct
was unlawful.

4.    COMPENSATION AND BENEFITS

      For the full and faithful performance of the services to be rendered by
Employee, in consideration of Employee's obligations under this Agreement,
provided Employee is not in material breach of this Agreement and that Employee
is employed by the Company as of each relevant payment date, and it being
understood and agreed by Employee and the Company that Employee would not be
entitled to the full compensation package and benefits without his absolute
commitment to comply with his undertakings set forth in this Agreement, the
Company shall pay to Employee and Employee shall be entitled to receive:

      (a)   Base Salary

      Company will pay to Employee during the term of his employment under this
Agreement, a base salary at the annual rate of One Hundred Seventy-Thousand
Dollars ($170,000) per annum less required deductions for state and federal
withholding tax, social security and other employee taxes (said amounts
hereinafter referred to as the "Base Salary"). Any Base Salary payable hereunder
shall be paid in regular intervals in accordance with the Company's payroll
practices, but no less frequently than once each month. Subject to review at the
end of each year of employment, commencing on the first anniversary of the
Effective Date, Employee's Base Salary may, at the discretion of the Chief
Executive Officer, be increased for the succeeding employment year, but in event
more than 10% for each such subsequent year of employment during the Initial
Term.

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      (b)   Incentive Compensation

      (i) Automobile Expense. Employee shall be entitled to an automobile
allowance not exceeding ten-thousand dollars ($10,000) a year, which shall
include lease payments, insurance, gasoline and upkeep. Automobile leases will
be in the name of the company and be billed directly to the company. Invoices
for above costs shall be provided to the Company against which the Company shall
reimburse Employee.

      (ii) Company Plans. Employee shall be eligible to participate, on terms no
less favorable than those afforded to other executives of the Company, in any
incentive compensation plan that may hereafter be adopted by the Company for its
executives and management employees from time to time. Such participation shall
be subject to the terms of the applicable plans, generally applicable policies
of the Company, applicable law and the discretion of the Chief Executive
Officer. Nothing contained in this Agreement shall be construed to create any
obligation on the part of the Company to establish any such plan or to maintain
the effectiveness of any such plan which may be in effect from time to time.

      (c)   Stock Options

      In connection with Employee's employment under the Original Agreement, the
Company granted to Employee, pursuant to the Company's 2000 Equity Incentive
Plan (the "Plan") and the stock option agreement memorializing such grant,
incentive stock options (the "Options") to purchase two-hundred and fifty
thousand shares (250,000) of the Company's Common Stock, par value $0.001
(hereinafter, the "Common Stock") at the price of one-dollar and sixty-six cents
($1.66). In conjunction with Employee's execution of this Agreement, the Company
will submit to the Compensation Committee of the BOD its recommendation that the
Options vest in full as follows: Options with respect to Ninety-thousand
(90,000) shares of Common Stock to vest on January 1, 2003; Options with respect
to Forty-thousand (40,000) shares of Common Stock to vest on August 1, 2003;
Options with respect to Forty-Thousand (40,000) shares of Common Stock to vest
on March 1, 2004; Options with respect to Forty-Thousand (40,000) shares of
Common Stock to vest on October 1, 2004; and Options with respect to
Forty-Thousand (40,000) shares of Common Stock to vest on May 26, 2005

      (d)   Benefits

      Employee shall be entitled to participate in any employee benefit plans,
medical insurance plans, life insurance plans, disability insurance plans,
retirement plans, 401(k) and other benefit plans which are available to any
other executives of the Company. Such participation shall be subject to the
terms of the applicable plan documents, generally applicable policies of the
Company, and applicable law.

      (e)   Expense Reimbursement

      The Company shall promptly pay the reasonable, business-related expenses
incurred by Employee in the performance of his duties hereunder, including,
without limitation, those incurred in connection with business related travel,
telecommunications and entertainment, or, if such expenses are paid directly by
Employee, shall promptly reimburse the Employee for such payment, provided that
Employee has properly accounted therefore in accordance with Company policy.

      (f)   Vacation

      Employee shall be entitled to three (3) weeks paid vacation in accordance
with the Company's vacation policies for its executives, as in effect from time
to time, but in no event less than three (3) weeks per year. The timing and
duration of any vacation shall be taken at such time so as not to interfere with
Employee's responsibilities and commitment to the company as determined by the
Chief Executive Officer.

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      Employee shall also be entitled to all paid holidays given by the Company
to its employees. The Employee shall not be entitled to accumulate unused
vacation or sick leave or other fringe benefits from year to year without the
written consent of the Company, unless the accumulation of any such unused leave
and/or fringe benefit is necessitated by the Company's actions or otherwise
caused by Employee's performance of Employee's job-related duties at the
Company.

6.    TERMINATION.

      Employee's services shall terminate upon the first to occur of the
following events:

      (a) The expiration of the Initial Term or any renewal term, if applicable;

      (b) Upon Employee's date of death or the date Employee is given written
notice that he has been determined to be disabled by the Company. For purposes
of this Agreement, Employee shall be deemed to be disabled if Employee, as a
result of illness or incapacity, shall be unable to perform substantially his
required duties for a period of sixty (60) consecutive days or an aggregate of
ninety (90) days in any twelve (12) month period ("Incapacity"). Termination of
Employee's employment by the Company due to Incapacity shall be communicated to
Employee by written notice to Employee and shall be effective on the tenth (10)
day after receipt of such notice by Employee, unless Employee returns to
full-time performance of his required duties before such tenth (10th) day;

      (c) On the date Employee is terminated by the Company for "Cause." For
purposes of this Agreement, Cause shall be defined as: (i) Employee's conviction
of, or plea of nolo contendere, to any felony or to a crime involving moral
depravity or fraud; (ii) Employee's commission of an act of dishonesty or fraud
or breach of fiduciary duty or act that has a material adverse effect on the
name or public image of the Company (iii) Employee's commission of an act of
willful misconduct or gross negligence, as determined by the Board, provided the
Employee shall have the opportunity to state his case before the Board prior to
the Board taking such decision to so terminate the Employee; (iv) the failure of
Employee to substantially perform his duties under this Agreement; (v) the
material breach of any of Employee's material obligations under this Agreement
or the Employee Confidentiality, Invention Assignment and Non-Competition
Agreement annexed hereto as Exhibit A; (vi) the failure of Employee to follow a
lawful directive of the Chief Executive Officer or the BOD; or (vii) excessive
absenteeism, chronic alcoholism or any other form of addiction that prevents
Employee from performing the essential functions of his position with or without
a reasonable accommodation; provided, however, that the Company may terminate
Employee's employment for Cause, as to ( (iv) or (v) above, only after failure
by Employee to correct or cure, or to commence or to continue to pursue the
correction or curing of, such conduct or omission within ten (10) days after
receipt by Employee of written notice by the Company of each specific claim of
any such misconduct or failure.

      (d) On the date Employee terminates his employment with the Company for
Good Reason (as defined below) by giving the Board of Directors of the Company
thirty (30) calendar days written notice of intent to terminate, ("Notice
Period") which notice sets forth in reasonable detail the facts and
circumstances claimed to provide a basis for such Good Reason termination. For
the purposes of this Agreement, "Good Reason" shall mean, without Employee's
express written consent, the occurrence of any one or more of the following: (i)
the assignment of Employee to duties materially and substantially inconsistent
with Employee's authorities, duties and responsibilities; (ii) the breach by the
Company of any of its material obligations under this Agreement;

      (e) On the date Employee terminates his employment without Good Reason,
provided that Employee shall give the Company thirty (30) days written notice
prior to such date of his intention to

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terminate his employment ("Notice Period"); or

      (f) On the date the Company terminates Employee's employment for any
reason, other than a reason set forth in Sections 6(b) or 6(c), provided that
the Company shall give Employee thirty (30) days written notice prior to such
date of its intention to terminate Employee's employment ("Notice Period").
During such Notice Period, Employee will continue to perform his duties and
responsibilities unless the Company advises Employee otherwise. Notwithstanding
anything to the contrary contained herein, in the event that the Company
requests that Employee vacate the premises immediately upon the furnishing of
the Notice Period, then the amounts payable under this Section 6(f) shall be
subsumed under the payments payable under Section 7(c) such that Employee will
not be entitled to the amount otherwise payable in respect of the Notice Period.

      (e) The termination of Employee's employment hereunder for any reason
shall automatically be deemed as Employee's resignation from the BOD without any
further action.

7.    RIGHTS UPON TERMINATION.

      (a) Upon termination of Employee's employment by either party for any
reason, or by virtue of the expiration of the Initial Term or any renewal term,
if applicable, all rights Employee has to payment under this Agreement shall
cease as of the effective date of the termination, and except as expressly
provided herein or as may be provided under any employee benefit plan or as
required by law, Employee shall not be entitled to any additional compensation,
commission, bonus, perquisites, or benefits with the exception of this Section 7
which shall survive termination of this agreement as outlined herein.

      (b) Upon termination of Employee's employment (i) by the Company for
Cause, (ii) by the Company for reason of Employee's death or Incapacity or (iii)
by Employee without Good Reason, the Company shall pay to Employee or Employee's
estate or representatives, as the case may be, his Base Salary and any benefits
and outstanding reimbursable expenses accrued and payable to him through the
last day of his actual employment by the Company.

      (c) If at anytime during the Initial Term Employee's employment is
terminated by Employee pursuant to Section 6(d) or by the Company pursuant to
Section 6(f) hereof, then, Employee's Base Salary and benefits shall continue
(in the customary manner in which Company has paid the base salary and benefits)
for a period of (i) six (6) months following such termination in the event that
such termination becomes effective on or before November 1, 2002 (ii) 12 months
following such termination in the event that such termination becomes effective
after November 1, 2002; provided, that, if the amount otherwise payable through
the remainder of the Initial Term is less than the six (6) or twelve (12) month
period, as the case may be, herein specified, then, notwithstanding anything to
the contrary contained herein, Employee shall be paid Base Salary and benefits
as herein provided for such lesser period . In addition, subject to the
provisions of this Agreement, the Company shall reimburse Employee for all
outstanding reimbursable expenses.

      In order to be eligible for the severance benefits as set forth in this
Section 7(c), Employee must (i) execute and deliver to the Company a general
release, in a form satisfactory to the Company, and (ii) be and remain in full
compliance with his obligations under this Agreement and the Confidentiality
Agreement. In the event Employee breaches any obligation under this Agreement or
the Confidentiality Agreement, any and all payments or benefits provided for in
this Section 7(c) shall cease immediately.

      (d) Notwithstanding the foregoing, in the event that this Agreement shall
have been

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terminated by Employee pursuant to Section 6(d) or Section 6(e) or by the
Company pursuant to Section 6(f) hereof, upon the request of the Company the
Employee shall vacate his position and the Company's premises (if applicable) on
a date specified by the Company which is earlier than the end of the Notice
Period specified above upon payment to Employee, in one lump sum on the
effective date of termination, the base salary and benefits payable until the
end of the Notice Period, from the effective date of termination until the end
of such Notice Period, less required deductions for state and federal
withholding tax, social security and other employee taxes.

8.    Confidentiality

      8.1 The term "Information" as used in this section means any and all
confidential and proprietary information including but not limited to any and
all specifications, formulae, prototypes, software design plans, computer
programs, and any and all records, data, methods, techniques, processes and
projections, plans, marketing information, materials, financial statements,
memoranda, analyses, notes, and other data and information (in whatever form),
as well as improvements and know-how related thereto, relating to the Company or
its products. Information shall not include information that (a) was already
known to or independently developed by the Employee prior to its disclosure as
demonstrated by reasonable and tangible evidence satisfactory to the Company;
(b) shall have appeared in any printed publication or patent or shall have
become part of the public knowledge except as a result of breach of this
Agreement by the Employee or similar agreements by other Company employees (c)
shall have been received by the Employee from another person or entity having no
obligation of confidentiality to the Company or (d) is approved in writing by
the Company for release by the Employee.

      8.2 Subject to the provisions of Section 8.3 below, the Employee agrees to
hold in trust and confidence all Information disclosed to Employee and further
agrees not to exploit or disclose the Information to any other person or entity
or use the Information directly or indirectly for any purpose other than for
Employee's work with the Company, unless otherwise consented to in writing by
the Company.

      8.3 The Employee agrees to disclose the Information only to persons
necessary in connection with Employee's work with the Company or who have
undertaken the same confidentiality obligations set forth herein in favor of the
Company. The Employee agrees to assume full responsibility for the
confidentiality of the Information disclosed to Employee and to prevent its
unauthorized disclosure, and shall take appropriate measures to ensure that such
persons acting on his behalf are bound by a like covenant of secrecy.

      8.4 The Employee acknowledges and agrees that the Information furnished
hereunder is and shall remain proprietary to the Company. Unless otherwise
required by statute or government rule or regulation, all copies of the
Information, shall be returned to the Company immediately upon request without
retaining copies thereof.

9.    Non-Compete; Poaching,; Development Rights

      9.1 Unless otherwise expressly consented to in writing by the Company,
Employee will not, directly or indirectly, for his own account or as an
employee, officer, director, consultant, joint venturer, shareholder, investor,
or otherwise (except as an investor in a corporation whose stock is publicly
traded and in which the Employee holds less than 5% of the outstanding shares)
interest him/herself or engage, directly or indirectly, in the design,
development, production, sale or distribution of any product or component that
directly or indirectly competes with a product or component (i) being designed,
produced, sold or distributed by the Company or any of its affiliates (ii) or to
which the Company or any of its affiliates shall then have proprietary rights;
provided such affiliates operate in a field directly

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related to the business of the Company or involve distribution or promoting of
the Company's products or technology.

      9.2 Hiring of Company Employees. During the term of the Employee's
employment hereunder, and for a period of twelve (12) months following the date
on which Employee's termination of employment with the Company becomes
effective, the Employee shall not, except in the course of the performance of
his duties hereunder or with the prior approval of the Board, in any way
directly or indirectly, with respect to any person who to the Employee's
knowledge was employed by the Company or its affiliates ("Company Employee") at
any time during the period commencing 12 months prior to the date of the hiring
of such Company Employee, hire or cause to be hired any Company Employee, or
contract the services of any closely held private corporation or other entity in
which such Company Employee is an officer or director or holds a 25% or greater
equity ownership interest.

      9.3 Employee's undertakings herein under section 9 shall be binding upon
Employee's successors, heirs or assigns, and shall continue until the later of
(i) the expiration of one year from the date of execution of this Agreement or
(ii) the expiration of one year from the date the Employee last represented
him/herself as an employee, agent or representative of the Company or any of its
affiliates, subsidiaries or successors.

      9.4 Employee acknowledges that the restricted period of time specified
under this section 9 are reasonable, in view of the nature of the business in
which the Company is engaged and Employee's knowledge of the Company's business
and products. If such a period of time or geographical location should be
determined to be unreasonable in any judicial proceeding, then the period of
time and area of restriction shall be reduced so that this Agreement may be
enforced in such an area and during such a period of time as shall be determined
to be reasonable by such judicial proceeding.

      9.5 Development Rights. The Employee agrees and declares that all
proprietary information including but not limited to trade secrets, know-how,
patents and other rights in connection therewith developed by or with the
contribution of Employee's efforts during his employment with the Company shall
be the sole property of the Company. Employee shall keep and maintain adequate
and current records (in the form of notes, sketches, drawings and in any other
form that may be required by the Company) of all such proprietary information
developed by Employee. Employee shall at Company's request do all things and
execute all documents as Company may reasonably require to vest in Company the
rights and protection herein referred to. It is hereby acknowledged and agreed
that the Base Salary payable under this Agreement also constitutes sufficient
consideration for the Employee's obligation hereunder

10.   COOPERATION FOLLOWING TERMINATION

      Employee agrees that, following notice of termination of his employment
until the date of his termination, he shall in good faith cooperate with the
Company in all matters relating to the completion of his pending work on behalf
of the Company and the orderly transition of such work to such other employees
as the Company may designate. Employee further agrees that during and following
the termination of his employment he shall in good faith cooperate with the
Company as to any and all claims, controversies, disputes or complaints over
which he has any knowledge or that may relate to his employment relationship
with the Company; provided, however, that (a) Employee will be reimbursed by the
Company for any out of pocket expenses incurred pursuant to his duties under
this Paragraph 9 and reasonably compensated for his time, and (b) Employee's
obligation to cooperate under this Section 9 shall in no way preclude Employee
from seeking to enforce his rights under this Agreement. Such cooperation
includes, but is not limited to, providing the Company with all information
known to him

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related to such claims, controversies, disputes or complaints and appearing and
giving testimony in any forum.

11.   GOVERNING LAW

      Except as otherwise explicitly noted, this Agreement shall be governed by
and construed in accordance with the laws of the State of New York (without
giving effect to the conflict of law rules of New York).

12.   INTEGRATION

      This Agreement constitutes the entire understanding between the parties
hereto relating to the subject matter hereof, superseding all negotiations,
prior discussions, preliminary agreements and agreements related to the subject
matter hereof made prior to the date hereof.

13.   MODIFICATIONS AND AMENDMENTS

      This Agreement may be modified or amended only by an instrument in writing
executed by the parties hereto and approved in writing by the Board of
Directors. Such modification or amendment will not become effective until such
approval has been given.

14.   SEVERABILITY

      If any of the terms or conditions of this Agreement shall be declared void
or unenforceable by any court or administrative body of competent jurisdiction,
such term or condition shall be deemed severable from the remainder of this
Agreement, and the other terms and conditions of this Agreement shall continue
to be valid and enforceable.

15.   NOTICE

      For the purpose of this Agreement, notices and all other communications
provided for in this Agreement shall be in writing and shall be deemed to have
been duly given as of the date if delivered in person or by telecopy, on the
next business day, if sent by a nationally recognized overnight courier service,
and on the second business day if mailed by registered mail, return receipt
requested, postage prepaid, in each case addressed as follows:

                 If to the Employee:

                 Samuel Brill
                 c/o TTR Technologies, Inc.
                 575 Lexington Avenue, Suite 400
                 New York, New York 100

                 If to the Company:

                 TTR Technologies, Inc
                 575 Lexington Avenue, Suite 400
                 New York, New York 10022

                 with a copy to:
                 David Aboudi
                 Aboudi and Brounstein
                 3 Gavish St., Ind. Zone Kfar Saba
                 ISRAEL

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or to such other address as any party may have furnished to the other in writing
in accordance herewith, except that notices of changes of address shall be
effective upon receipt.

16.   WAIVER

      The observation or performance of any condition or obligation imposed upon
Employee hereunder may be waived only upon the written consent of the Board of
Directors. Such waiver shall be limited to the terms thereof and shall not
constitute a waiver of any other condition or obligation of the Employee under
this Agreement.

17.   ASSIGNMENT

      The rights and obligations of the Company in this Agreement shall inure to
its benefit and be binding upon its successors-in-interest (whether by merger,
consolidation, reorganization, sale of stock or assets or otherwise), and the
Company may assign this Agreement to any affiliate. This Agreement, being for
the personal services of Employee, shall not be assignable by Employee.

18.   HEADINGS

      The headings have been inserted for convenience only and are not to be
considered when construing the provisions of this Agreement.

19.   COUNTERPARTS

      This Agreement may be executed in one or more counterparts, each of which
counterparts, when taken together, shall constitute but one and the same
agreement.

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      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date and year first above written.

                                           TTR Technologies, INC.

                                           By: /s/ Daniel C. Stein
                                               ----------------------------
                                               Name: Daniel C. Stein
                                               Title: Chief Executive Officer
                                               Date: May 27, 2002

                                           EMPLOYEE

                                           /s/ Samuel Brill
                                           --------------------------------
                                           Samuel Brill

                                           Date: May 27, 2002
                                                 --------------------------

10Exhibit 10.4

                                    AGREEMENT

      AGREEMENT dated as of this 9th day of April 2002 by and between TTR
Technologies, Ltd., an Israeli company with offices at 2 Hanagar Street, Kfar
Saba, Israel (hereinafter, "TTR Ltd.") and TTR Technologies, Inc.,
((hereinafter, "TTR Inc.") a Delaware corporation with offices at 575 Lexington
Avenue, New York, NY and the parent-company of TTR Ltd. (hereinafter, TTR Inc.
together with TTR Ltd., may hereinafter be referred to as the "Companies") and
Emanuel Kronitz ("Kronitz").

                               W I T N E S S E T H

      WHEREAS, pursuant to the Employment Agreement between Kronitz and TTR Ltd.
dated as of October 1, 2000 as amended (the "TTR Ltd. Employment Agreement")
Kronitz was formerly employed by TTR Ltd. as its Vice President of
Administration and, pursuant to the Employment Agreement between Kronitz and TTR
Inc. dated as of October 1, 2000 as amended (the TTR Inc. Employment Agreement")
Kronitz was employed by TTR Inc. as its Chief Operating Officer;

      WHEREAS, the boards of directors of each of TTR Ltd. and TTR Inc. elected,
on October 7, 2001, to terminate the employment of Kronitz under Section 2.1
(iv) of the TTR Inc. Employment Agreement and under Section 2.1 (iv) of the TTR
Ltd. Employment Agreement, respectively; and

      WHEREAS, following the termination of Kronitz's employment with TTR Ltd.
pursuant to the terms of the TTR Ltd. Employment Agreement, Kronitz alleged
certain claims with respect to the termination of his employment with TTR Ltd.,
all of which the Companies dispute, and each of TTR Ltd. and TTR Inc. raised
allegations relating to certain conduct of Kronitz, all of which Kronitz
disputes; and

      WHEREAS, in order to finally resolve the claims and allegations of the
Companies and Kronitz, the parties have agreed to set forth their respective
agreements and undertakings as hereinafter set forth.

      NOW, THEREFORE, in consideration of the mutual promises and covenants
contained in this agreement, each of TTR Inc., TTR Ltd and Kronitz, without
admitting or allocating fault or liability, hereby agree as follows:

1.    Representations and Undertakings by Kronitz

      1.1 In consideration of the undertakings by each of TTR Ltd. and TTR Inc.
contained herein, Kronitz hereby represents and covenants as follows:

         (i) Subject to the terms and conditions hereof, Kronitz acknowledges
and agrees that the non-compete and confidentiality undertakings contained in
each of the TTR Inc. Employment

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                                       2

Agreement (Section 6 and 7) and the TTR Ltd. Employment Agreement (Sections 6
and 7) shall continue in full force and effect in accordance with their terms
(such undertakings collectively hereinafter referred to as the "Non-Compete &
Confidentiality Undertakings") and that he undertakes to comply with the terms
of the Non-Compete and Confidentiality Undertakings;

      (ii) Kronitz acknowledges and agrees that all employee stock options
heretofore issued to him by TTR Inc. from TTR Inc.'s 1996 Incentive Stock Option
Plan and the 2000 Equity Incentive Plan (hereinafter the "Stock Options") for
shares of TTR Inc. Common Stock, par value $0.01 (the "Common Stock") shall
continue to be exercisable by him in accordance with the terms and conditions of
each such grant through and including April 8, 2002, 12 p.m., Israel Time (the
"ESOP Exercise Expiry Date") and, unless exercised in accordance with their
terms on or prior to the ESOP Exercise Expiry Date, the Stock Options shall be
deemed to have conclusively expired.

      (iii) Kronitz acknowledges and agrees that the office of Avi Alter has
been retained by him and on his behalf to ascertain the tax rate, if any,
applicable under Israeli law with respect to the sales proceeds of the Common
Stock issuable upon the exercise of the Stock Options and, to assure the
compliance by TTR Ltd. of its withholding obligations with respect to such
sales, if any, and the payment by Kronitz of the tax payable with respect
thereto, if any. Kronitz shall furnish the Companies a certified copy of a
final, definitive and written response obtained from the Israeli Tax
Authorities, with respect to such matter, which absolves TTR Ltd. from any
withholding obligation (hereinafter, the "Israeli Tax Authorities"), on or
before the Closing Date.

      (iv) In consideration of the undertakings of Companies' hereunder, Kronitz
waives his right with respect to 1,850 of his Penny Options as referred to in
Section 2.1 below;

      (v) Kronitz will return to the possession of TTR Ltd. the automobile in
his possession;

      (vi) In connection with the exercise of the Penny Options, Kronitz will
cooperate with the Companies respective auditors as reasonably requested to do
so by either of the Companies and agrees that the issuance of shares of Common
Stock due to the exercise of the Penny Options will be made in accordance with
the terms and conditions of the ruling of the Israeli Tax Authorities, if
applicable; and

      (vii) Kronitz retracts all allegation previously made by or on his behalf
with respect to the conduct of any officer or director of TTR Ltd. or TTR Inc.

2     Matters Relating to the Penny Options

      2.1 Exercise of the Penny Options. TTR Inc. acknowledges that it has
received from Kronitz (i) notice to exercise Stock Options for 229,500 shares of
Common Stock, exercisable at a per share exercise price of $0.01 (the "Penny
Options") and (ii) full payment of such exercise price for the above 229,500
shares of Common Stock (collectively, the "Option Shares"). Subject to the
execution and delivery by Kronitz of this Agreement and subject further to the
other terms, conditions and provisions set forth herein, TTR Inc. agrees to
honor, , such exercise notice for the Penny Options, and will issue two stock
certificates for the Option Shares, without restrictive

<PAGE>
                                       3

legends, and in the name of Emanuel Kronitz: one representing 31,000 of the
Option Shares and the other, that shall be issued on or before the Closing Date,
representing the reminder of the Option Shares, less 1,850 shares resulting from
the Penny Options referred to in Section 1.1(iv) above (i.e. 196,650 shares).
The above shall not derogate from the provisions of Section 2.3 below.

      2.2 Deposit of the Shares. Kronitz undertakes, to deposit in an Israeli
bank account (the "Bank Account") 196,650 of the shares of Common Stock issuable
upon the exercise of the Penny Options as herein provided. Kronitz hereby
authorizes TTR Inc. to instruct the stock transfer agent to deliver the stock
certificates representing the Options Shares directly to Kronitz.

      2.3 Kronitz agrees that he shall not sell in the public market more than
2,500 of the Option Shares per day, without the consent of TTR Inc. Kronitz may
effect a private sale or transfer of all of the Option Shares provided the
transferees agree, in writing to TTR Inc., to be bound to the sale limitation
set forth in this section 2.3. This section 2.3 shall apply to successive
private sales or transfers. Kronitz shall not transfer any of the Option Shares
out of the Bank Account except for Option Shares sold in the public market or in
a private transfer.

      2.4 The Companies will cooperate with Kronitz in providing all necessary
documentation, including share certificates, pertinent legal opinions etc.
required to enable and facilitate a private sale or transfer of the Option
Shares, subject to the terms for such private sale or transfer stipulated in
Section 2.3 above.

3.    Undertakings and Representations by the Companies

      3.1 Undertaking by TTR Ltd. In consideration of the (i) compliance by
Kronitz of his undertakings hereunder, including, without limitations, his
continuing compliance with the Non-Compete & Confidentiality Undertakings and
(ii) releases by Kronitz contained in Section 5.1 below and in lieu of the
payments that TTR Ltd. is required to make to Kronitz under the Israeli
Employment Agreement, TTR Ltd. hereby undertakes to pay to Kronitz, at the
Closing following the satisfaction of each of the Closing Conditions, $198,068
(the "Payment").

      All taxes, withholdings and deductions payable or due in respect of the
Payment shall be borne solely by Kronitz. TTR Ltd. shall deduct from such
payments all and only deductions required under applicable law, and only such
deductions as per a document specifying, in detail, all those deductions, as
well as the net amount to be transferred to Kronitz at the Closing (hereinafter:
the "Net Amount"), which will be presented to Kronitz at least 1 business day
prior to the Closing Date.

      Kronitz acknowledges and agrees that the Payment is intended to be made in
lieu of the payments payable by TTR Ltd. to Kronitz under the terms of the
Israeli Employment Agreement (the "Post Termination Payments") and in full
satisfaction of all claims by Kronitz to any payments owing from TTR Ltd. or TTR
Inc. in connection with his employment or to any other rights or privilege and
that upon the execution and delivery by Kronitz of this Agreement, the
obligation of TTR Ltd. to make the Post Termination Payment shall immediately
terminate.

<PAGE>
                                       4

      3.2 Reimbursement of Expenses. Kronitz claims that he was not reimbursed
for expenses incurred in the course of rendering services to TTR Inc. At the
Closing and upon the satisfaction of the Closing Conditions and upon a written
schedule itemizing such expenses, TTR Inc. will reimburse Kronitz in the amount
of $10,000, without deductions.

      3.3 Assumption of Legal Fees. At the Closing and upon the satisfaction of
the Closing Conditions, TTR Inc. will assume the legal fees incurred to date by
Kronitz in an aggregate amount of $15,000 plus Israeli V.A.T., upon receipt of
appropriate pro-forma invoices, and shall effect payment of such fees directly
to Kronitz's lawyers.

      3.4 Representations. All corporate actions on the part of each of the
Companies necessary for the authorization, execution and delivery of this
Agreement and the performance of all obligations of the Companies thereunder
have been taken.

4     Closing.

      The Closing of this Agreement shall take place on the date of the signing
of this Agreement by the Parties (above and hereinafter the "Closing Date").

      The delivery and/or execution by Kronitz and the Companies, as the case
may be, of all of the following - shall collectively be referred to as the
"Closing Conditions":

      (i) a copy of this Agreement duly executed by the parties hereto;

      (ii) the executed stock certificate, without restrictive legend, in the
name of Emanuel Kronitz representing 196,650 Option Shares.

      (iii) Kronitz's irrevocable written instructions to the bank holding his
account, with which the Option Shares shall be deposited, as referred to in
Section 2.2 above, regarding the restriction on the sale on the public market of
more than 2,500 Option Shares a day, and the written approval of the of such
bank, to comply with, and to effect such instructions, all in the form attached
hereto as Appendix 1.

      (iv) a check in U.S. Dollars, drawn by a bank in Israel (A Bank Check) in
the name of Emanuel Kronitz and in the sum of U.S. Dollars equal to the Net
Amount, mentioned in Section 3.1 above.

      (v) a check in U.S. Dollars, drawn by a bank in Israel (A Bank Check) in
the name of Emanuel Kronitz and in the sum of U.S. Dollars 10,000, mentioned in
Section 3.2 above.

      (vi) a check in U.S. Dollars, drawn by a bank in Israel (A Bank Check) in
the name of Kronitz's lawyers (Gross, Kleinhendler, Hodak, Halevy, Greenberg &
Co.) and in the sum of U.S. Dollars 17,550 (Israeli V.A.T. already included),
mentioned in Section 3.3 above, and

      (vii) the return of the Company automobile referred to Section 1.1(v)
above.

<PAGE>
                                       5

5.    Releases

      5.1 In consideration of the agreements of TTR Inc. and TTR Ltd. under this
Agreement and the release contained in Section 5.2 below, Kronitz (and each of
his respective, attorneys, agents, heirs, successors, executors, personal
representatives and assigns) does hereby absolutely and unconditionally waive,
release and forever discharge each of TTR Ltd. and TTR Inc., (and their
respective affiliates, officers, directors, shareholders, employees, agents,
attorneys, insurers, successors and assigns) from any claims, demands,
obligations, liabilities, rights, causes of action and damages, whether
liquidated or unliquidated, absolute or contingent, known or unknown, arising
prior to or concurrent with the date hereof, including, without limitation, any
claim under the TTR Ltd. Employment Agreement, the TTR Inc. Employment
Agreement, any claims under Israeli labor laws and regulations including claims
for wrongful termination, claims with respect to the Stock Options or claims
with respect to any other payment required under Israeli law. The foregoing
release shall not be construed as a waiver by Kronitz of the compliance by TTR
Inc. or TTR Ltd. with their respective undertakings contained in this Agreement.

      5.2 In consideration of the undertakings of Kronitz hereunder and the
release in Section 5.1 above and the hereof, each of TTR Inc. and TTR Ltd. (and
each of their respective officers, directors, shareholders, employees,
attorneys, agents, successors, and assigns) does hereby absolutely and
unconditionally waive, release and forever discharge Kronitz and his respective,
agents, attorneys, insurers, successors, executors and assigns, from any claims,
demands, obligations, liabilities, rights, causes of action and damages, whether
liquidated or unliquidated, absolute or contingent, known or unknown, arising
prior to or concurrent with the date hereof. The foregoing release shall not be
construed as a waiver by TTR Inc. or TTR Ltd. of the compliance by Kronitz of
his undertakings contained in this Agreement, including, without limitation, the
compliance with the Non-Compete & Confidentiality Undertakings.

6.    Non-Disparagement; Non-communication.

      6.1 Kronitz (on behalf of his heirs and personal representatives) hereby
agrees not to discuss or otherwise communicate, in any manner whatsoever
(whether orally or in writing), directly or indirectly, with any person or
individual, any matter relating to or arising out of the termination of his
employment with TTR Ltd. or its affiliates. Additionally, Kronitz (on behalf of
his heirs and personal representatives), agrees not to disparage TTR Ltd. or
affiliates or any of their respective employees, consultants, stockholders,
directors, affiliates, subsidiaries or representatives, or business.

      6.2 TTR Ltd. and TTR Inc. (on behalf of their respective employees,
consultants, directors, affiliates, subsidiaries or representatives) agree not
to discuss or otherwise communicate, in any manner whatsoever (whether orally or
in writing), directly or indirectly, with any person or individual, any matter
relating to or arising out of the termination of Kronitz's employment with the
Companies or their affiliates, and not to disparage Kronitz and each of his
respective attorneys, agents, heirs, successors, executors, personal
representatives and assigns.

<PAGE>
                                       6

      6.3 Neither of the parties (and their respective heirs, personal
representatives, successors, affiliates, subsidiaries, officers or
stockholders), shall disparage the other party hereto or their businesses. The
parties hereto agree to keep this Agreement, its contents and/or its very
existence in complete secrecy, and refrain from transferring, showing,
discussing or otherwise communicating this Agreement to any person and/or entity
whatsoever, unless specifically required to do otherwise by law. Kronitz
acknowledges that TTR Inc. is required to disclose this Agreement to the public
under law pursuant to its filing requirements under the Securities Act 1933, as
amended.

7.    Reliance and Complete Agreement.

      The parties acknowledge and agree that in the execution of this Agreement,
neither has relied upon any representation by any party or attorney, except as
expressly stated herein. Moreover, this Agreement shall represent the complete
and entire agreement between the parties, to the exclusion of any and all other
prior or concurrent terms, written or oral. No supplement, modification or
waiver or termination of this Agreement or any provision hereof shall be binding
unless executed in writing by the parties to be bound thereby.

8.    Headings.

      Section and subsection headings are not to be considered part of this
Agreement and are included solely for convenience and are not intended to be
full or accurate descriptions of the content thereof.

9.    Successors and Assigns.

      Except as otherwise provided in this Agreement, all the terms and
provisions of this Agreement shall be binding upon, and shall inure to the
benefit of, the parties hereto and their respective heirs, personal
representatives, successors and assigns.

10.   Counterparts.

      This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

11.   Entire Agreement.

      This Agreement may be executed in counterparts This Agreement constitutes
the entire agreement among the parties hereto with respect to the subject matter
hereof and supersedes any prior or contemporaneous understanding or agreement,
written or verbal, among the parties with respect to the subject matter hereof.

12.   Specific Remedies.

      The Companies and Kronitz acknowledge that neither will have an adequate
remedy at law if either of them violates any of the terms of this Agreement. The
parties therefore

<PAGE>
                                       7

understand and agree that, without prejudice as to any other remedies they may
have at law or in equity, they shall have the right upon first application to
apply to any court of proper jurisdiction within Manhattan County in the State
of New York for a mandatory injunction, order or ruling and such further
enforcement of such injunction, order or ruling in other jurisdictions as
required and without posting of any bond or other security whatsoever, to a
temporary restraining order, preliminary injunction, injunction or other
equitable relief, it being acknowledged and agreed that any such violation of
this Agreement will cause irreparable injury to the parties and that money
damages will not provide an adequate remedy to the parties.

13.   Governing Law; Jurisdiction and Forum.

      This Agreement, its interpretation, validity, construction, enforcement
and effect shall be governed by and construed under the laws of the State of New
York without reference or effect to the principles of conflict of laws. Each of
the parties consents to the jurisdiction of the United States District Court for
the Southern District of New York or the appropriate New York State court
sitting in Manhattan County in connection with any dispute arising under this
Agreement and hereby waives, to the maximum extent permitted by law, any
objection, including any objection based on forum non conveniens, to the
bringing of any such proceeding in such jurisdictions.

14.   Representation.

      Each of Kronitz and TTR acknowledges that they have had the opportunity to
consult with legal counsel respecting this Agreement. Each person executing this
Agreement on behalf of a corporation hereby represents and warrants that he has
been authorized to do so by all necessary corporate action.

      IN WITNESS WHEREOF, each of the parties has set forth its/ his signature
as of the date first written above.

/s/ Emanuel Kronitz                          TTR Technologies Ltd.
-------------------
Emanuel Kronitz

                                             By: /s/ Marc Tokayer
                                                 ------------------
                                             Marc Tokayer
                                             Title: General Manager

                                             TTR Technologies Inc.

                                             By: /s/ Marc Tokayer
                                                 ------------------
                                             Marc Tokayer
                                             Title: President

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