Document:

Exhibit 10.1

                         EXECUTIVE EMPLOYMENT AGREEMENT

      EMPLOYMENT AGREEMENT ("Agreement") dated as of May 2, 2002, between Daniel
Stein ("Employee") and TTR Technologies, Inc, a Delaware corporation, or any of
its current or future subsidiaries, affiliates, successors or assigns
(collectively, the "Company").

      WHEREAS, the parties hereto desire to enter into this Agreement in order
to set forth the terms pursuant to which the Company will employ Employee and
Employee will serve as an officer and employee of the Company;

      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 of Employee by the Company shall commence on May 13, 2002
(the "Start Date") and continue for the period of three (3) years from the Start
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 Executive Officer of the Company on a
full-time basis. In his capacity as Chief Executive Officer, Employee shall
report directly to, and be responsible to, the Board of Directors of the Company
(the "Board"). Subject to the direction and authority of the Board, and in
consultation with the Company's President, Employee shall have general
supervision, and control over and responsibility for, the day to day operations
of the Company, and within this context, have decision-making authority
regarding the hiring, termination and direction of activities of Company
employees. In addition, Employee shall perform such other 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

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participate and as are reasonably and lawfully assigned to him from time to time
by the Board .

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

      (c) Except as set forth herein, 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) Except as set forth herein, 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 Board and the other executives of the Company.

      (e) Employee will be allowed to remain a Special Limited Partner of Atlas
FRG and CalCat, LLC and to advise these entities with respect to possible
transactions unrelated to the Company and in the capacity of an advisor, so long
as this advisory does not in any way interfere with employee's duties as Chief
Executive Officer of the Company. Employee will not directly or indirectly
engage in any business or perform any services that is competitive in any manner
with the business of or services provided by the Company or in any manner
constitutes a conflict of interest. Subject to the limitations contained in the
prior sentence, nothing in this Agreement will prevent Employee from (i)
rendering services to relatives, charitable or community organizations and from
managing his personal investments in such manner as shall not interfere with the
performance of Employee of his duties hereunder; (ii) serving on the boards of
directors or the advisory boards of two (2) other entities (and such other board
services as Employee undertakes at the Company's request); (iii) owning no more
than two percent (2%) of the equity securities of a corporation whose stock is
listed on a national stock exchange or continuing to own shares of stock of
BYOBroadcast, Inc., Ovos Films, Inc., Burly Bear Network, Inc. and Ibehavior,
Inc.; provided, however, that such services or activities provided for in
Sections 3(e)(i) and (ii) are not rendered to any business which is competitive
with that of the Company, in no way interfere with the performance of Employee
of his duties hereunder, and Employee promptly notifies the Board of Directors
of the Company prior to engaging in such services.

      (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

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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 Two Hundred Forty-Thousand
Dollars ($240,000) 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. Provided that gross
revenues of the Company have surpassed the Base Salary since each of the
previous anniversaries of this Agreement, the Base Salary shall be increased by
10% for each subsequent year of employment during the Initial Term.

      (b)   Incentive Compensation

                        (i) Signing Bonus. Upon execution of this agreement, the
            Company shall loan the employee the sum of $100,000 at an interest
            rate of 4% and a term of three years. At the end of each calendar
            year commencing on December 31, 2002 and continuing through December
            31, 2004, the company will forgive 33.3% annually of the
            indebtedness to be treated as non-employee compensation for federal
            income tax purposes. The indebtedness will be evidenced by an
            unsecured promissory note containing the above terms. The remainder
            of the indebtedness shall become immediately repayable if the
            Employee terminates this agreement without Good Reason or Employee
            is terminated for Cause, with the exception of Cause as defined by
            Section 6 (c) viii, in which case the indebtedness shall be forgiven
            in the same manner as if the Employee remained employed at the
            company for three years.

                        (ii) Automobile Expense. Employee has the right to spend
            up to ten-thousand dollars ($10,000) each year on automobile
            expenses which shall include lease costs, 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.

                        (iii) 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
            Board of Directors. 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

      Employee shall be granted, pursuant to the TTR Technologies, Inc. Employee
Stock Option Plan (the "Plan") and the stock option agreement (the "Stock Option
Agreement") memorializing such grant, incentive stock options (the "Options") to
purchase Five-hundred and fifty thousand shares (550,000) at the closing market
price on the execution date of this agreement. The Options shall vest in full in
three (3) years as follows. One third of the Options shall vest upon the first
anniversary of this Agreement and thereafter the remainder

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                                       4

of the Options shall vest in eight equal installments on a quarterly basis;
provided, however, that in the event of a Change of Control, 100% of the
unvested Options shall vest immediately prior to the closing of such
transaction. For purposes hereof, "Change in Control" shall mean (i) the
effective time of a consolidation of the Company with, or merger of the Company
with or into, another corporation or other business organization in which the
shares of the stock of the Company are converted into or otherwise exchanged for
less than fifty percent (50%) of the shares of a resulting or surviving
corporation, (ii) the closing of a sale or conveyance of all or substantially
all of the assets of the Company, or (iii) an acquisition in a transaction or a
series of related transactions by a person or group (as defined in Rule
13d-5(b)(1) of the Securities Act of 1934, as amended) of more than a majority
of the outstanding voting stock of the Company. Notwithstanding the above, in
the event of any discrepancy between this paragraph 4 (c) and the Change of
Control provisions in the Plan as currently drafted, the Plan will take
precedence

      (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 .

      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.

5.    BOARD SEAT; TITLE.

      After 180 days of employment at the Company, the Board of Directors of the
Company shall elect the Employee to the Board of Directors of the Company. The
termination of Employee's employment hereunder for any reason shall
automatically be deemed as Employee's resignation from the Board without any
further action, except when the Board shall, in writing, request a continuation
of duty as a Director in its sole discretion. Neither the change to Employee's
title and position nor his service as a member of the Board of Directors shall
affect the amount of his compensation provided for in Section 4 of this
Agreement.

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                                       5

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, as determined by the Board provided the
Board affords the Employee the opportunity to personally appear before the Board
in order to state his case prior to the Board voting to so terminate the
Employee; (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 and provided the Board is acting in good
faith, as fiduciaries on behalf of the shareholders ; (iv) the continued failure
of Employee to 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 Board; 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; or (viii) failure to
satisfy Performance Milestones (as defined below); 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. For purposes of this section 6
(c) viii, Performance Milestones shall mean the entry by the Company, by no
later than the first anniversary of the Start Date, into two legally binding,
written, commercial, revenue bearing agreements for the sale or license of its
products with major music labels or their subsidiaries;

      (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

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following: (i) the assignment of Employee to duties materially and substantially
inconsistent with Employee's authorities, duties, responsibilities and status
(including offices (or removal therefrom), titles, and reporting requirements as
set forth hereunder, or a material and substantial reduction or alteration in
the nature or status of Employee's authorities, duties, or responsibilities,
except for any reduction in duties and responsibilities due to Employee's
illness or disability; provided that subject to the Board having included the
Employee in its slate for any proxy the failure of the Employee to be elected to
the Board by the shareholders of the Company or the removal of the Employee from
the Board through the vote of the shareholders of the Company shall not be
considered Good Reason hereunder; (ii) a reduction by the Company in Employee's
base salary, incentive compensation or benefits; (iii) the failure of the
Company to obtain a satisfactory agreement from any successor to the Company to
assume and agree to perform this Agreement; or (iv) 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 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.

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.

      Notwithstanding the above, if Employee's employment is terminated by the
Company pursuant to Section 6 (c) (viii) hereof, the Company shall pay to
Employee his base salary and any benefits accrued and payable to him through six
months from the last day of his actual employment by the Company. A total of
183,333 options for the original one year of service will have vested and an
option to purchase an additional 91,667 shares shall vest over six months,. In
addition, the forgiveness of the loan referenced in Section 4 (b) (i) shall
continue on the same schedule as if the employee's employment had continued for
three years.

      (c) If Employee's employment is terminated by Employee pursuant to Section
6(d) or by the Company pursuant to Section 6(f) hereof, (i) the Company shall
pay to Employee his base salary and benefits accrued and payable to him through
the last day of his

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actual employment by the Company, (ii) Employee's base salary and benefits shall
continue (in the customary manner in which Company has paid the base salary and
benefits) for the remainder of the term, unless such termination occurs prior to
six months from the Start Date in which case employee is entitled to payment of
one-year salary less the amount of time worked between 1 day and six months, any
other benefits provided for in section 4 of this agreement for the same period,
183,333 options to vest in accordance with the terms of the Company Stock Option
Plan governing Employee's options and forgiveness of the loan referenced in
Section 4 (b) (i) on the same schedule as if the employee's employment had
continued for three years, (iii) the Company shall pay Employee for all
outstanding reimbursable expenses, and (iv) the Employee's stock options shall
vest in accordance with the terms of the Company Stock Option Plan governing
Employee's options. 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 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.    EMPLOYEE CONFIDENTIALITY, INVENTION ASSIGNMENT AND NON-COMPETITION
      AGREEMENT.

      The Company values the protection of its confidential information and
proprietary materials essential to the survival of the Company. Therefore, as a
mandatory condition of Employee's employment, Employee must execute the Employee
Confidentiality, Invention Assignment and Non-Competition Agreement (the
"Confidentiality Agreement"), a copy of which is annexed hereto for Employee's
review and execution, prior to or on Employee's Start Date.

9.    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

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the Company with all information known to him related to such claims,
controversies, disputes or complaints and appearing and giving testimony in any
forum.

10.   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).

11.   INTEGRATION

      This Agreement, and the attached Confidentiality Agreement, constitute 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.

12.   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.

13.   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.

14.   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:

                 Daniel Stein

                 957 Park Avenue, 4E
                 New York, New York 10028

                 If to the Company:

                 TTR Technologies, Inc
                 575 Lexington Avenue, Suite 400
                 New York, New York 100

        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.

15.   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.

16.   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.

17.   HEADINGS

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

18.   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/ Marc D. Tokayer

                                               Name:   Marc D. Tokayer
                                               Title:  President

                                           EMPLOYEE

                                           /s/ Daniel Stein

                                           Daniel SteinExhibit 10.2

                              AMENDED AND RESTATED

                              EMPLOYMENT AGREEMENT

      This AMENDED AND RESTATED EMPLOYMENT AGREEMENT ("Agreement") is being
entered into as May 6, 2002 between Marc D. Tokayer (the "Executive"), and TTR
Technologies, Ltd., with its principal executive offices at 3 Gavish Street,
Kfar Saba, Israel (hereinafter, "TTR Ltd" or the "Company") and TTR
Technologies, Inc., a Delaware corporation and the parent company of TTR Ltd,
with its principal executive offices at 3 Gavish Street, Kfar Saba, Israel
(hereinafter, "TTR Inc."; together with TTR Ltd, may hereinafter be referred to
as the "Companies");

      WHEREAS, TTR Ltd., a wholly-owned subsidiary of TTR Inc., and the
Executive entered into an Employment Agreement dated as of August __1994, as
subsequently amended (the "Original Agreement"), pursuant to which Executive has
been continuously employed as TTR Ltd.'s General Manager , as well as TTR Inc.'s
President, Chief Executive Officer and Treasurer ; and

      WHEREAS, in connection with the re-structuring of the management of TTR
Inc., each of the Company and TTR Inc., on the one hand, and the Executive, on
the other, desire to amend and restate the Original Agreement in its entirety
Executive shall continue to serve as the General Manager of TTR Ltd. and the
President of TTR Inc., all on the terms and conditions provided for herein.

      NOW, THEREFORE, in consideration of the agreements and covenants contained
herein, the Executive and the Company hereby agree as follows:

                                   ARTICLE I.

                                   Employment

      Section 1.01 Position; Responsibilities.

            (i) Executive shall continue to serve as TTR Ltd.'s General Manager
      and TTR Inc.'s President, all in accordance with the terms and conditions
      herein. The employment hereunder shall be for a term of five (5) years
      (the "Term"), commencing on the date first written above (the "Effective
      Date") and terminating on the fifth anniversary thereof, and shall be
      terminable by either party on the terms and subject to the conditions set
      forth in this Agreement. After expiration of the initial Term, this
      Agreement shall be automatically renewed for additional one year terms,
      unless either party shall send notice of termination to the other party at
      least sixty (60) days before the end of the initial Term or any renewal
      term.

            (ii) The Executive's responsibilities in his capacity as General
      Manager of TTR Ltd., shall be as the chief executive officer of TTR Ltd.
      and shall include all matters customarily associated with the position of
      General Manager of an Israeli company,

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      including, without limitation, subject to direction by the board of
      directors of TTR Ltd. (the "Ltd Board"), those related to articulating and
      effecting overall company policy and strategic objectives, overseeing and
      managing the research & development activities, engaging and terminating
      employees, consultants and other service providers, establishing
      appropriate personnel and employment policies and benefits, negotiating
      and entering into contracts, finance, and financial reporting. In his
      position as General Manager, the Executive shall report directly to the
      Ltd. Board.

            (iii) The Executive's responsibilities as President of TTR Inc.
      shall include those matters and responsibilities customarily associated
      with the position of President as may be set forth by the board of
      directors of TTR Inc. (the "Inc. Board") from time to time including,
      without limitation, subject to direction by the Inc. Board, those related
      to articulating and effecting overall Company policy and strategic
      objectives. In connection with the performance of his duties as President
      of TTR Inc., Executive will consult on a continuing basis with the Chief
      Executive Officer of TTR Inc. The Executive shall report to the Chief
      Executive Officer of TTR Inc.

            (iv) The Executive will perform all of the duties and
      responsibilities specified in this Agreement primarily from the principal
      executive offices of TTR Ltd. in Kfar Saba, Israel. It is the parties
      understanding that Executive's duties and responsibilities will continue
      to primarily be performed out of the Israeli office notwithstanding the
      fact that TTR Inc.'s principal executive offices may hereinafter be
      designated in New York. The parties acknowledge and agree that the nature
      of the Executive's duties under this Agreement will also require
      substantial domestic and international travel.

      Section 1.02 Performance of Duties. The Executive shall duly and
faithfully perform all of the duties assigned to him to the best of his
abilities, and Executive's services shall be full-time and exclusive.

      Section 1.03 Representation and Warranty of Company. Each of TTR Ltd. and
TTR Inc., hereby represents and warrants to Executive that it has received all
authorizations necessary for the execution and performance of the Agreement on
the terms and conditions set forth herein and, upon execution and delivery to
the Executive, this Agreement shall be a valid, legally binding obligation
enforceable against each of TTR Ltd. and TTR Inc., in accordance with the terms
and conditions set forth herein.

      Section 1.04 Representation and Warranty of Executive. The Executive
represents and warrants to each of TTR Ltd. and TTR Inc., that the execution and
delivery of this Agreement and the fulfillment of the terms hereof (i) will not
constitute a breach of any agreement or other instrument to which Executive is
party, and (ii) does not require the consent of any person. Additionally, the
Executive represents and warrants to each of TTR Ltd. and TTR Inc., that he
shall not utilize during the term of his employment any proprietary information
of any third party, including prior employers of the Executive.

                                   ARTICLE II.

                                  Compensation

                                       2
<PAGE>

      Section 2.01 General. The parties agree that TTR Ltd. (and to the extent
herein provided, TTR Inc.) shall compensate the Executive for all of his
services on behalf of TTR Ltd under this Agreement, as set forth below.

      Section 2.02 Salary. The Executive's minimum annual salary ("Base Salary")
commencing on the Effective Date, shall continue to be at the rate of $250,000
and shall be payable in New Israel Shekel (according to the representative rate
of exchange at the Company's bank on the date of payment), in biweekly or other
installments payable in accordance with the Company's normal payment schedule
for senior management. The Base Salary shall be subject to annual review
commencing at the end of 2002 and at the end of each year thereafter, if the
Executive is employed by TTR Ltd. or TTR Inc., as the case may be, at that time,
and may be increased (but not decreased) for subsequent years.

      (i)   Base Salary. The Base Salary shall be payable by TTR Ltd., net of
            any deductions required under Israeli or other applicable law. TTR
            Ltd. shall make all national insurance payments required under
            Israeli law in respect of Executive's employment hereunder.

      (ii)  TTR Ltd. and the Executive will obtain and maintain Manager's
            Insurance (Bituach Menahalim) under Israeli law for the benefit of
            the Executive in the customary form in Israel. Each of TTR Ltd. and
            the Executive shall contribute toward the premiums payable in
            respect of such insurance those amounts which would be recognized
            under applicable law, but in no event shall such contributed amounts
            be more than thirteen and one third percent (13 1/3%) of each
            monthly Base Salary payment from TTR Ltd. and up to five percent (5
            %) of such amount from the Executive. In Addition, TTR Ltd. shall
            pay up to 2.5% of each monthly Base Salary payment for Disability
            Insurance in Israel.

      (iii) TTR Ltd. and the Executive shall maintain an advancement fund under
            Israeli law (Keren Heshtamlut) for exclusive benefit of the
            Executive. TTR Ltd. shall contribute to such fund an amount equal to
            7-1/2% of each monthly Base Salary payment and the employee shall
            contribute to such fund an amount equal to 2-1/2% of each monthly
            Base Salary payment. The Executive hereby instructs TTR Ltd. to
            transfer to such advancement fund the amount of the Executive's and
            TTR Ltd.'s contribution from each monthly Base Salary payment.

      (iv)  The Base Salary and other payment required hereunder shall be made
            by way of wire transfer to Executive's designated bank account.

      (v)   Executive shall not receive any compensation for services performed
            on behalf of TTR Inc. hereunder.

      Section 2.03 Fringe Benefits. The Executive shall be entitled to
participate in all TTR Ltd. or TTR Inc., employee benefit plans, including
retirement programs, if any, group health care plans and Incentive Programs
established for senior management. Executive shall be entitled to such
participation on a basis no less favorable to the Executive than is made
available to other senior management of TTR Ltd., TTR Inc. and their respective
affiliates. In addition to the foregoing, the Executive shall be entitled to
receive the following:

                                       3
<PAGE>

      (i)   Automobile. TTR Ltd. shall provide Employee with use of an
            automobile and TTR Ltd. shall pay for registration, gas, maintenance
            and insurance.

      (ii)  Vacation, Sick Leave and Personal Days. The Executive shall be
            entitled to an aggregate of 25 business days of paid vacation per
            contract year. In addition, the Executive shall be entitled to paid
            sick leave until such date as the Executive becomes entitled to
            receive long term disability benefits under any applicable
            disability insurance policy provided by the Companies' or the date
            that Executive is terminated under this Agreement by reason of
            disability. Vacation days shall be prorated for any portion of a
            year to the date of termination. Vacation days not used in one year
            may be carried forward or accumulated for use by Executive in
            subsequent years.

      (iii) Expense Reimbursements. TTR Ltd. shall reimburse the Executive
            promptly for all reasonable and proper expenses incurred by him, in
            promoting the business of the Companies and the performance of his
            duties hereunder, upon presentation by Executive of receipts or
            other appropriate evidence of expenses incurred. The Companies and
            Executive acknowledge and agree that TTR Ltd or TTR Inc. as the case
            may be, will reimburse the Executive's reasonable expenses and
            conference fees for attendance at seminars, conferences and
            education courses that are relevant to the Companies' business and
            Executive's duties and responsibilities under this Agreement.

      (iv)  Travel. Executive shall be entitled to fly business class in any
            flight, or combination of flights to get to one destination, of a
            duration of over four (4) hours.

      (v)   Mobile Communication. TTR Ltd. will provide Executive with, or
            reimburse any reasonable expense incurred by Executive with respect
            to, suitable tele-communications and computer equipment used by
            Executive in the performance of his duties and responsibilities
            under this Agreement.

      Section 2.04 Stock Option. The Executive shall continue to be entitled to
participate in TTR Inc.'s existing 2000 Equity Incentive Plan (hereinafter, the
"2000 Plan"). In the event that either one of TTR Inc. or TTR Ltd. shall approve
or adopt any other stock option plan, bonus plan or other compensation program
("Incentive Programs") that either TTR Ltd. or TTR Inc. as the case may be, may
hereafter establish for senior management, Executive shall be entitled to
participate in such Incentive Programs.

      Section 2.05 Assumption of Obligation by TTR Inc. Notwithstanding anything
to the contrary contained in this Agreement, in the event that for whatever
reason TTR Ltd. is unable or unwilling to perform its obligations hereunder,
including without limitation, to effect payment of the Base Salary and other
amounts payable under this Article II as herein provided or otherwise in a
reasonably timely fashion (each such instance being an "Unperformed
Obligation"), then, without any further action on the part of any of the
parties, TTR Inc. hereby agrees to automatically assume the obligation to
perform such Unperformed Obligation and further agrees that such performance
shall thereafter become a legally binding primary obligation of TTR Inc. and
that it shall perform in a reasonable timely fashion any Unperformed Obligation,
including without limitation, payment to Executive amounts as required by
Article II as herein provided.

                                       4
<PAGE>

      Section 2.06 Employment Contract Expense Reimbursement. Within five (5)
business days after signing of this Agreement, TTR Ltd. shall reimburse
Executive for attorney's fees and expenses incurred by Executive in the
negotiation and execution of this Agreement upon presentation of proper
invoices, provided, that, such reimbursement shall not exceed in the aggregate
$5,000.

                                  ARTICLE III.

                            Termination of Employment

      Section 3.01 Termination by Executive. Executive may terminate his
employment hereunder at any time for any reason by delivering to each of TTR
Ltd. and TTR Inc., 90 days advance written notice of termination.

      Section 3.02 Termination for Good Reason. Subject to the terms and
conditions of this Agreement, Executive may resign and terminate his employment
hereunder for "Good Reason" (which shall also be deemed a termination by the
Company other than for Cause). For purposes of this Agreement, "Good Reason"
means (i) the failure to continue Executive as President of TTR Inc., General
Manager of TTR Ltd. (other than for Cause) or a member of r the Inc. Board or a
member of the Ltd. Board, (ii) the failure to assign Executive duties,
authorities, responsibilities and reporting requirements that are in the
aggregate substantially consistent with his position as General Manager of TTR
Ltd. or President of TTR Inc., as the case may be, or if the scope of
Executive's duties and responsibilities as General Manger of TTR Ltd. or
President of TTR Inc., as the case may be, are in the aggregate materially
reduced, except for any reduction in duties and responsibilities due to
Executive's illness or disability, (iii) a material reduction in or a material
delay in the payment of Executive's total cash compensation and benefits from
those required to be provided in accordance with the provisions of this
Agreement, or a breach by TTR Ltd. or TTR Inc., as the case may be, of any other
material provision of this Agreement where TTR Ltd. or TTR Inc., as the case may
be, has failed to cure such breach within 10 business days following receipt of
written notice from Executive detailing the basis of the alleged breach, (iv)
the failure of TTR Ltd. or TTR Inc., as the case may be, to obtain the
assumption in writing of its obligations to perform this Agreement by any
successor to all or substantially all of the assets of TTR Ltd. or TTR Inc., as
the case may be, at or before consummation of a merger, consolidation, sale or
similar transaction or (v) the stockholders of either TTR Inc. or TTR Ltd.
approve dissolution or liquidation of their respective company.

      Executive shall remit to the Ltd. Board or Inc. Board, as appropriate, in
writing notice of the existence of Good Reason, specifying in reasonable detail
the basis therefor, not later than three months from the occurrence of the event
which Executive is deeming as Good Reason. Within 10 business days following the
Company's receipt of Executive's notice relating to Good Reason, the Executive
and the Inc. Board or the Ltd. Board, as the case may be, shall confer in a
good-faith attempt to reach an amicable resolution of any outstanding issue. In
the event that the parties shall fail to reach such amicable resolution, the
parties jointly shall promptly refer this matter to an Arbitrator in the manner
prescribed below. Pending determination of the Arbitrator as herein provided, at
the option of Executive and upon notice to TTR Ltd. or TTR Inc., as appropriate,
Executive may continue in the employ of TTR Ltd. or TTR Inc., as the case may
be. If the Arbitrator finds that the Executive does not have Good Reason for
terminating his employment with TTR Ltd. or TTR Inc., as the case may be, then
TTR Ltd. or TTR Inc., as the case may be, may consider the notice of Good Reason
received from Executive as termination by

                                       5
<PAGE>

Executive without Good Reason as of the date of original receipt thereof (unless
the Executive has elected to continue in the employ of TTR Ltd. or TTR Inc., as
the case may be, during such arbitration proceeding, in which case the date of
termination shall be deemed to be the date of receipt of the Arbitrator's
determination).

      Section 3.03 Termination for Cause. TTR Ltd. or TTR Inc., as the case may
be, shall have the right to terminate for "Cause" upon notice to the Executive
only in the event of (a) a failure by the Executive to substantially comply with
the direct lawful and proper instructions of the Inc. Board resulting in
material harm or loss to either TTR Ltd. or TTR Inc. or (b) Executive's illegal
or unethical acts or conduct which causes material harm or loss to either TTR
Ltd. or TTR Inc or has a material adverse effect on the name or public image of
either TTR Ltd. or TTR Inc. , provided, however that the foregoing shall not
constitute "Cause" if Executive, after being notified in writing by the Company
of the particular acts or circumstances of such material breach, cures such
failure within 30 days after receipt of such notice.

      Termination by TTR Ltd. or TTR Inc., as the case may be, for Cause shall
not be effective until and unless (i) notice of intention to terminate for Cause
has been given by TTR Ltd. or TTR Inc., as the case may be, within 30 days after
the Inc. Board or the Ltd. Board, as the case may be, learns of the act, failure
or event constituting "Cause" and (ii) the Inc. Board or the Ltd Board as the
case may be, has resolved to terminate Executive for Cause after Executive has
been given notice of the particular acts or circumstances which are the basis
for the termination for Cause and has been afforded at least 10 business days
notice of the meeting at which such resolution is to be voted upon and an
opportunity to present his position in writing and the Company has given notice
of termination to Executive within three days thereafter (and the Executive's
termination of employment shall be effective immediately upon receipt of such
notice but shall not be deemed a termination of employment for Cause unless and
until all of the conditions set forth in clauses (i) through (iii) hereof have
occurred), and (iii) if Executive has commenced an arbitration in the manner
prescribed below within 15 days after such notice of termination disputing the
right of TTR Ltd. or TTR Inc. as the case may be, under this Agreement to
terminate for Cause, the Arbitrator shall thereafter have determined that the
Executive was terminated for Cause.

      If the Arbitrator does not rule that the Executive was terminated for
Cause, the Executive shall be treated as having been terminated without Cause
and Executive shall have the rights provided under Section 3.04 below with
respect to a termination without Cause.

      Section 3.04 Rights Upon Termination. In the event the Executive's
employment under this Agreement is terminated by the Company other than for
"Cause" (a termination due to the Executive's death or disability, or notice by
TTR Ltd. or TTR Inc., as the case may be, of non-renewal of this Agreement,
shall be treated for purposes of this Agreement as a termination by TTR Ltd. or
TTR Inc., as the case may be, other than for Cause) or by the Executive for
"Good Reason", then, in addition to all amounts of Base Salary, earned but
unpaid incentive or bonus compensation under any Incentive Programs (prorated
for any partial year), and other benefits due or payable to him through the date
of termination, the Executive shall be entitled to the following ("Severance
Package"):

      (i)   an amount, which shall be payable in one lump sum within 30 days of
            the date of determination that the Executive's termination is (x)
            other than for Cause, or (y)

                                       6
<PAGE>

            for Good Reason, as applicable, equal to four (4) year's Base Salary
            based on the Base Salary then in effect, provided, that in the event
            that TTR Inc. or TTR Ltd., as the case may be, elects not to renew
            this Agreement, then such amount payable to the Executive shall be
            equal to two (2) years' Base Salary based on the Base Salary then in
            effect; plus an amount equal to the value of all benefits (other
            than Base Salary, expense reimbursement and medical insurance
            benefits) that would be provided to Executive for the Base Salary
            continuation period including but not limited to amounts due to
            Executive under any Incentive Programs at the rate paid or otherwise
            provided to Executive for the preceding contract year;

      (ii)  all ESOPs, stock options, warrants and stock appreciation rights of
            TTR Inc. ("Rights") granted to Executive under any plan or otherwise
            prior to the effective date of termination, shall become vested,
            accelerate and become immediately exercisable (the, "Event Date")
            and continue to be exercisable for the original exercise period of
            such option, if applicable, adjusted for any stock splits and
            capital reorganizations having a similar effect, subsequent to the
            effective date hereof; In the event Executive owns or is entitled to
            receive any unregistered securities of TTR Inc., then TTR Inc. shall
            use its best efforts to effect the registration of all such
            securities as soon as practicable.

      Section 3.05. Excise Tax. In the event that any payment or benefit
received or to be received by Executive in connection with a termination of his
employment would be subject to any excise tax imposed under applicable law, then
TTR Ltd. (or, as herein provided, TTR Inc.) shall assume all liability for the
payment of any such tax and TTR Ltd. (or, as herein provided, TTR Inc.) shall
immediately reimburse Executive on a "grossed-up" basis for any income taxes
attributable to Executive by reason of such payment and reimbursements.

      Section 3.06 Rights on Termination for Cause or Without Good Reason. No
Severance Package shall be due or owing to the Executive in the event that the
Company shall terminate the Executive's employment for "Cause" or in the event
that the Executive shall terminate his employment with the Company for reasons
other than "Good Reason"; provided, however that Executive shall in all events
be paid all accrued but unpaid Base Salary earned, but unpaid incentive or bonus
compensation under any Incentive Programs (prorated for any partial year), and
other benefits due or payable to him through the date of termination. In
addition, in the event that the Companies shall terminate the Executive's
employment for "Cause" or in the event that the Executive shall terminate his
employment with the Companies for reasons other than "Good Reason", then except
as provided in the following two sentences, all unvested options then held by
Executive shall automatically be forfeited (subject, however, to any contrary
determination of the Inc Board or the Ltd Board, as the case may be, in its
respective sole discretion). No forfeiture of unvested Options shall occur until
15 days after the later of (i) the conclusion of any arbitration proceeding or
further proceeding contemplated by Section 3.02 hereof or, (ii) if no
arbitration proceeding is commenced, until the time for commencing such a
proceeding has lapsed (the later of such two dates being referred to herein as
the "Forfeiture Date"), but no additional service-based or time-based vesting
shall occur with respect to any such Options following the date Executive's
employment is deemed terminated under Section 3.02. Executive may exercise
vested options at any time as permitted under the relevant option agreements. In
all other respects, the terms of the grant of any such options shall govern.

                                       7
<PAGE>

      Section 3.07 Disability. For purposes of this Agreement "disability" shall
mean any physical or mental illness or injury as a result of which Executive
remains absent from work for a period of three (3) successive months, or an
aggregate of 90 days in any twelve (12) month period. Disability shall occur at
the end of any such period.

      Section 3.08 Cooperation of Executive. During the period following notice
of termination until the effective date of termination by either party for
whatever reason, the Executive shall cooperate with the Company and use
reasonable efforts to assist the integration into the Company the person or
persons who will assume the Executive's responsibilities.

                                   ARTICLE IV.
          Non-competition; Confidential Information; Development Rights

      Section 4.01 Other Business Ventures. During the term of the Executive's
employment hereunder, and for a period of twelve (12) months following the date
on which Executive's termination of employment with TTR Inc and TTR Ltd. becomes
effective, the Executive shall not, without the prior written approval of the
Inc Board or the Ltd Board as the case may be, directly or indirectly engage in,
represent, be connected with or have a financial interest in any business which
is or, to the best of his knowledge, is about to become engaged in the design,
development, production, sale or distribution of any product or component that
directly competes with a product or component (i) then being designed, produced,
sold or distributed by TTR Ltd or TTR Inc, or any of its affiliates, or (ii) to
which the TTR Ltd or TTR Inc or any of its affiliates shall then have
proprietary rights to sell or distribute (hereinafter the "Company's Business");
provided, however, that nothing herein contained shall be deemed to prohibit the
Executive from (i) being a passive investor owning up to 5% of any class of
outstanding securities of any company whose stock is publicly traded, or (ii)
being an owner, officer, director or trustee of family businesses or
partnerships not engaged in the Company's Business.

      Executive acknowledges that the restricted period of time and the
geographical location specified under this section 4.01 are reasonable, in view
of the nature of the business in which each of TTR Inc and TTR Ltd is engaged in
and Executive's knowledge of both TTR Inc's and TTR Ltd'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.

      Section 4.02 Confidential Information. Except (i) in the course of his
employment with TTR Ltd and TTR Inc., or (ii) as he may be required pursuant to
any law or court order or similar process, the Executive shall not at any time
during or after the term of the Executive's employment hereunder, directly or
indirectly disclose or use any Confidential Information (as defined below) or
proprietary data with respect to either TTR Inc. or TTR Ltd as the case may be.
The term "Confidential 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 either TTR Ltd
or TTR Inc. or

                                       8
<PAGE>

their products. Confidential Information shall not include information that (a)
was already known to or independently developed by the Executive prior to its
disclosure as demonstrated by reasonable and tangible evidence satisfactory to
either TTR Ltd or TTR Inc as the case may be, (b) shall have appeared in any
printed publication or patent or shall have become part of the public knowledge
or known generally in the Companies' industry except as a result of breach of
this Agreement by the Executive, (c) shall have been received by the Executive
from another person or entity having no obligation to either TTR Ltd. or TTR Inc
, or (d) is approved in writing by either TTR Ltd or TTR Inc as the case may be,
for release by the Executive.

      The Executive agrees to disclose the Information only to persons necessary
in connection with Executive's work with TTR Ltd and TTR Inc, as determined by
the Executive in good faith. The Executive agrees to prevent the unauthorized
disclosure by him of the Confidential Information, and shall take appropriate
measures to ensure that persons acting on his behalf are bound by a like
covenant or other duty of secrecy.

      The Executive acknowledges and agrees that the Confidential Information
furnished to him hereunder is and shall remain proprietary to TTR Ltd or TTR Inc
as the case may be. Unless otherwise required by statute or government rule or
regulation, and excluding Executive's personal financial and business records,
all copies of the Confidential Information shall be returned to TTR Ltd or TTR
Inc immediately upon request without retaining copies thereof.

      Section 4.03 Hiring of the Companies' Employees. During the term of the
Executive's employment hereunder, and for a period of twelve (12) months
following the date on which Executive's termination of employment with the
Companies becomes effective, the Executive shall not, except in the course of
the performance of his duties hereunder or with the prior approval of the Inc
Board or the Ltd Board as the case may be, in any way directly or indirectly,
with respect to any person who to the Executive's knowledge was employed by TTR
Ltd or TTR Inc as the case may be, or their respective affiliates ("Company
Employee") at any time during the period commencing six 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.

      Section 4.04 Development Rights. The Executive 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 Executive's efforts during his employment with the Companies
shall be the sole property of TTR Ltd or TTR Inc. as the case may be and
Executive shall at the request of either TTR Ltd or TTR Inc as the case may be,
do all things and execute all documents as either TTR Ltd or TTR Inc may
reasonably require to vest in TTR Ltd or TTR Inc the rights and protection
herein referred to.

                                   ARTICLE V.
                                  Miscellaneous

      Section 5.01 Notices. All notices, requests or other communications
provided for in this Agreement shall be made, if to the Company, to the Chairman
of the Board of both TTR Ltd and TTR Inc, and if to the Executive, to his
address on the books of TTR Ltd (or to such other address as the Companies or
Executive may give to the other for purposes of notice hereunder).

                                       9
<PAGE>

                  Notices given to Executive shall be sent to:

                        Marc D. Tokayer
                        [address]

                  With a copy to:

                  Notices given to the Companies shall be sent to:

                        TTR Technologies, Inc. & TTR Ltd
                        3 Gavish Street
                        Kfar Saba Israel

                  With a copy to:

                        Aboudi & Brounstein
                        3 Gavish Street
                        Kfar Saba, Israel

      All notices, requests or other communications provided for in this
Agreement shall be made in writing either (a) by personal delivery to the party
entitled thereto, (b) by facsimile or electronic mail with confirmation of
receipt, (c) by mailing in Israeli mail to the last known address of the party
entitled thereto or (d) by express courier service. The notice, request or other
communication shall be deemed to be received upon personal delivery, upon
confirmation of receipt of facsimile or electronic mail transmission or upon
receipt by the party entitled thereto if by Israel mail or express courier
service; provided, however, that if a notice, request or other communication is
not received during regular business hours, it shall be deemed to be received on
the next succeeding business day of the Company.

      Section 5.02 Assignment and Succession. The rights and obligations of each
of TTR Ltd and TTR Inc under this Agreement shall inure to the benefit of and be
binding upon its successors and assigns. The Executive's rights and obligations
hereunder are personal and may not be assigned; provided, however that in the
event of the termination of the Executive's employment due to the Executive's
death or disability, the Executive's legal representative shall have the right
to receive the Severance Package as set forth in Section 3.02 above.

      Section 5.03 Headings. The Article, Section, paragraph and subparagraph
headings are for convenience of reference only and shall not define or limit the
provisions hereof.

      Section 5.04 Arbitration.

      Any controversies or actions at law or equity between Executive and TTR
Inc. or TTR Ltd., as the case may be, involving the construction or application
of any of the terms, provisions or conditions of this Agreement, shall on the
written request of either party served on the other, be submitted to
arbitration. Such arbitration shall comply with and be governed by the American
Arbitration Association's National Rules for the Resolution of Employment
Disputes (the

                                       10
<PAGE>

"Rules"). An arbitration demand must be made within 60 days of the date on which
the party demanding arbitration first had actual notice of the existence of the
claim to be arbitrated. One arbitrator shall be selected according to the
procedures set forth in the Rules (the "Arbitrator"). The cost of arbitration
shall be born by the losing party or in such proportions as the Arbitrator shall
decide. Each party shall bear the costs of its own legal fees and expenses. The
Arbitrator shall have no authority to add to, subtract from or otherwise modify
the provisions of this Agreement, or to award punitive damages to either party.
The arbitration shall take place at mutually convenient location in New York
City.

The Arbitrator shall render a decision in writing, providing the reasons and
support therefor. Any decision reached by the Arbitrator shall be final and
binding upon the parties as to the matter in dispute. To the extent that the
relief or remedy granted by the Arbitrator is relief or remedy on which a court
could enter judgment, a judgment upon the award rendered by the Arbitrator shall
be entered in any court having jurisdiction thereof (unless in the case of an
award of damages, the full amount of the award is paid within 15 days of its
determination by the Arbitrator). Otherwise, the award shall be binding on the
parties in connection with their continuing performance of this Agreement and in
any subsequent arbitration or judicial proceedings between the parties.

      Notwithstanding the dispute resolution procedures contained in this
Section 5.04, either party may apply to any court having jurisdiction (i) to
enforce this Agreement to arbitrate, (ii) to seek provisional injunctive relief
so as to maintain the status quo until the arbitration award is rendered or the
Dispute is otherwise resolved, or (iii) to challenge or vacate any final
judgment, award or decision of the Arbitrator that does not comport with the
express provisions of this Section 5.04.

      Section 5.05 Invalidity. If any provision of this Agreement is or becomes
invalid, illegal or unenforceable in any respect under any law, the validity,
legality or enforceability of the remaining provisions hereof shall not in any
way be affected or impaired.

      Section 5.06 Waivers. No omission or delay by either party hereto in
exercising any right, power or privilege hereunder shall impair such right,
power or privilege, nor shall any single or partial exercise of any such right,
power or privilege, preclude any further exercise thereof, or the exercise of
any other right, power or privilege.

      Section 5.07 Counterparts. This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

      Section 5.08 Entire Agreement. This Agreement contains the entire
understanding of the parties and supersedes all prior agreements and
understandings relating to the subject matter hereof. No representation, promise
or inducement has been made by either party hereto that is not embodied in this
Agreement and neither party shall be bound by or liable for any alleged
representation, promise or inducement not set forth herein. This Agreement may
not be amended, except by a written instrument hereafter signed by each of the
parties hereto.

      Section 5.09 Interpretation. The parties hereto acknowledge and agree that
each party

                                       11
<PAGE>

and its or his counsel reviewed and negotiated the terms and provisions of this
Agreement and have contributed to its drafting. Accordingly, (i) the rules of
construction to the effect that any ambiguities are resolved against the
drafting party shall not be employed in the interpretation of this Agreement,
and (ii) the terms and provisions of this Agreement shall be construed fairly as
to all parties hereto and not in favor of or against any party regardless of
which party was generally responsible for the preparation of this Agreement.

      Section 5.10 Governing Law. This Agreement and the performance hereof
shall be construed and governed in accordance with the internal laws of the
State of New York without reference to principles of conflict of laws.

                                       12
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by
its duly authorized officer and the Executive has signed this Agreement as of
the day and year first above written.

                                TTR TECHNOLOGIES, LTD

                                By: /s/ Baruch Sollish
                                   --------------------------

                                Name: Baruch Sollish
                                     ------------------------

                                Its: Chief Technology Officer
                                    -------------------------

                                TTR TECHNOLOGIES, INC.

                                By: /s/ Sam Brill
                                   --------------------------

                                Name: Sam Brill
                                     ------------------------

                                Its: Chief Operating Officer
                                    -------------------------

                                /s/ Marc D. Tokayer
                                ---------------------------
                                MARC D. TOKAYER

                                       13

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