Document:

Exhibit 10.2

                      TERMINATION AND SETTLEMENT AGREEMENT

      TERMINATION AND SETTLEMENT AGREEMENT made as of the 10th day of September
2002 (the "Effective Date"), by and between TTR Technologies, Ltd, a company
organized under the laws of Israel, with offices at 3 Hagavish Street, Kfar Saba
Industrial Zone, Israel (the "Company") and Gershon Tokayer residing in Bet
Shemesh, Israel ("GT").

      WHEREAS, GT currently serves as the Company's Vice President of Business
Development under that certain employment agreement between the Company and GT,
entered into as of September 1, 1996 (as thereafter amended), (hereinafter, the
"Employment Agreement");

      WHEREAS, the Company and GT desire to terminate GT's employment under the
Employment Agreement, all on the terms and conditions set forth herein.

      NOW, THEREFORE, in consideration of the terms and conditions hereafter set
forth the adequacy and sufficiency of which are hereby acknowledged, the parties
agree hereafter as follows:

      1. Resignation of Position by GT. Subject to the terms and conditions set
forth herein, by his execution of this Agreement, GT hereby resigns from his
position as the Company's Vice President of Business Development

      The parties acknowledge and agree that GT's signature to this Agreement
shall serve as adequate and complete legal notice of his resignation as an
employee.

      2. Company Property. Except as otherwise herein provided, on or before the
Effective Date, GT shall return to the Company all Company property then in his
possession.

      3. Financial Terms Relating to Termination of Employment. Subject to the
terms and conditions set forth herein and in consideration of the resignations
and releases contained herein, the Company hereby agrees as follows
(collectively, the "Settlement Amount"):

            (a) Upon execution and delivery by GT of this Agreement, the Company
      shall remit to GT any outstanding salary due and payable through the
      Effective Date under Section 2.1(iii) (termination by Employee) of the
      Employment Agreement, less deductions and withholdings under Israeli law
      customarily made by TTR Ltd. and/or required by law, and, by his signature
      below, GT hereby waives any claim to any other payments (other than
      salary) due under the Employment Agreement;

            (b) Upon execution and delivery by GT of this Agreement, the Company
      releases to GT all amounts accumulated in GT's current Bituach Menahalim
      and Keren Histalmut policies, and the Company shall take all reasonably
      necessary actions to cooperate with GT in transferring or redeeming GT's
      current Bituach Menhalim and Keren Hishtalmut policies, in accordance with
      such policies terms and conditions and applicable law. BY HIS SIGNATURE
      BELOW, GT AGREES THAT THE TRANSFER TO HIM OF SUCH POLICIES IS BEING MADE
      IN FULL SATISFACTION OF ALL CLAIMS BY GT AGAINST THE COMPANY, AND GT
      HEREBY WAIVES ANY RIGHTS HE MAY HAVE UNDER APPLICABLE LAW OR THE
      EMPLOYMENT AGREEMENT TO ANY

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      ADDITIONAL AMOUNTS THAT THE COMPANY MAY BE REQUIRED TO PAY, INCLUDING,
      WITHOUT LIMITATION, SEVERANCE PAY UNDER ISRAELI LAW OR FURTHER PAYMENTS
      INTO SUCH POLICIES, AND FURTHER AGREES THAT HE SHALL HAVE NO RIGHT OR
      REMEDY AGAINST THE COMPANY OR ITS AFFILIATES FOR ANY SUCH SHORTFALL
      PAYMENTS OR;

            (c) The Company shall have an opportunity (at its own expense) to
      make a back-up or copy of the database personal laptop currently used by
      GT, except for GT's files of a personal nature; and

            (d) TTR Ltd. shall sell to GT the automobile currently used by him
      and in his possession in consideration of the payment of the current
      market value of the automobile, as well as interest at per annum rate
      equal to the market rate currently in effect for a transaction of this
      type, in one balloon payment on September 10, 2005. TTR Ltd. forthwith
      take all actions and execute instruments necessary or desirable to
      transfer to GT title to such automobile.

            All taxes, withholdings and deductions payable or due in respect of
      GT's receipt of the Settlement Amount, or any component thereof, if any,
      will be borne by GT. Notwithstanding the foregoing, Companies will deduct
      from payments made under the Settlement Amount amounts required to be
      withheld in respect of deductions and withholdings under Israeli, law
      customarily made by the Company and/or required by law.

            GT acknowledges and agrees that the Settlement Amount is being made
      in full and final release by GT of any and all claims, rights or remedies
      that he may have under the Employment Agreement or otherwise available
      under law.

      4. Continuation of Stock Options. The Company represents that the board of
directors of TTR Technologies, Inc. ("TTR Inc.") has provided that the employee
stock options heretofore granted by TTR Inc. to GT shall, notwithstanding any
agreement to the contrary between TTR Inc. and GT, continue to be exercisable
through the duration of the original grant of such options and, upon execution
and delivery by GT of this Agreement, shall vest and become immediately
exercisable, on the terms and conditions applicable to such grants, including,
without limitation, the exercise price thereof, in accordance with each of TTR
Inc.'s 1996 and 2000 equity incentive plans and agreements thereunder.

      5. Continuing Obligations of GT. Notwithstanding anything else contained
herein, GT hereby acknowledges and agrees that the provisions of Sections 7 and
8 of the Employment Agreement (Confidentiality and Non-compete) shall continue
in full force and effect after the Effective Date of this Agreement, in
accordance with their terms and for the duration specified therein, provided,
that, notwithstanding the provisions thereof, such provisions shall be
understood solely to restrict, in accordance with their terms, GT from (i)
accepting employment with Midbar Ltd., Sunncomm Inc., Settec Inc. and
Macrovision and (ii) competing with the Company in the area of audio CD copy
protection. Except as otherwise specifically provided, nothing contained in this
Agreement shall be construed or interpreted as a waiver by the Companies or any
of its affiliates or subsidiaries of any right or remedy available under
Sections 7 and 8 of the Employment Agreement in the event of a breach occurring
after the Effective Date of this Agreement.

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      6. Indemnification

      TTR Inc. agrees to hold harmless and indemnify GT as, and in the manner,
permitted by Section 145 of the Delaware Corporation Law, to the extent (and
only to such extent) that the Companies' directors and officers insurance or
such other insurance as the Companies may have in effect at the time of a
Proceeding (as defined herein) does not provide coverage, or to the extent (and
only to such extent) that Damages (as defined herein) exceed such insurance
policy coverage limits, for the reasonable costs of defense and any and all
losses, claims, damages, liabilities or expenses, including, without limitation,
reasonable attorneys' fees, judgments, fines, excise taxes or penalties, witness
fees, amounts paid in settlement and other expenses incurred in connection with
any Proceeding (the "Damages"), relating to any completed, actual, pending or
threatened action, suit, claim or proceeding, whether civil, criminal,
administrative or investigative (including an action by or in the right of
either of the Company or any of its affiliates) and whether formal or informal
(each a "Proceeding"), in which GT is, was or becomes involved by reason of the
fact that GT was an employee, officer or agent of the Company whether the basis
of such proceeding is an alleged action (or inaction) by GT in an official
capacity as an employee, officer or agent or in any other capacity while serving
as an employee, officer or agent; provided, that, the above indemnification
shall not apply with respect to the civil actions entitled (i) Strum et all v.
Marc D. Tokayer et all and (ii) Eilenberg v. Marc D. Tokayer, et all, pending in
the United States District for the Southern District of New York in which MDT is
a named defendant, and with respect to any other action of a substantially
similar nature filed brought by or in the name of a shareholder of TTR Inc. in
which GT is named as a defendant and provided, further, the maximum amount in
the aggregate for this indemnification shall not exceed $25,000, it being
understood that, with respect to the agreement between TTR Inc. and TTR Ltd. and
Marc D. Tokayer ("MDT") dated as of the date hereof with respect to the
termination and settlement of MDT's association with TTR Inc. and TTR Ltd. (the
"MDT Agreement"), any amount specified in Section 5 of the MDT Agreement
[Indemnification] and not applied to MDT's indemnification as provided in the
MDT Agreement, may, with MDT's consent, be applied to GT's indemnification
hereunder, it being, further understood that the indemnification for MDT under
the MDT Agreement and GT hereunder shall not exceed, in the aggregate for both
MDT and GT, $50,000.

      7. Releases.

      7.1 In consideration of the promises, covenants and releases contained
herein, the adequacy of which is hereby acknowledged, GT (on his behalf and on
behalf of each of his respective agents, attorneys, heirs, successors,
executors, personal representatives and assigns) does hereby absolutely and
unconditionally waive, release and forever discharge the Company, its respective
affiliates and subsidiaries, its respective past, present and future officers,
directors, shareholders, employees, agents, attorneys, successors and assigns
(hereinafter, the "Company Released Parties"), from any claims, demands,
obligations, liabilities, rights, causes of action and damages, whether
liquidated or unliquidated, absolute or contingent, known or unknown, from the
beginning of time to the Effective Date of this Agreement, or that arise under
the Employment Agreement or that arise under any body of labor or contract law,
including any claims under Israeli labor laws and regulations, or any claim for
wrongful termination, or claims with respect to any other payment required under
Israeli law. Notwithstanding the foregoing, the rights and obligations set forth
in this Agreement shall remain in full force and effect; nothing hereunder shall
be construed to release any rights accrued to GT to continue or redeem any
employee welfare benefit plan (including without limitation Betuach Menahalim
and Keren Hishtalmut) during his employment; nothing hereunder shall be
construed so as to waive any rights GT has as a shareholder or a holder of
options.

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         7.2 In consideration of the promises, covenants and releases contained
herein, the adequacy of which is hereby acknowledged, each of the Company (on
its behalf and on behalf of its affiliates and subsidiaries and each of their
respective, past, present and future officers, directors, employees, attorneys,
agents, successors, executors, and assigns) does hereby absolutely and
unconditionally waive, release and forever discharge GT (and his agents,
attorneys, heirs, successors, executors, personal representatives and assigns ),
from any claims, demands, obligations, liabilities, rights, causes of action and
damages, whether liquidated or unliquidated, absolute or contingent, known or
unknown, from the beginning of time to the Effective Date of this Agreement, or
that arise under any body of labor or contract law, provided, that, that this
release shall not apply to any derivative claim or suit by a shareholder of the
Company or TTR Inc. Additionally, The foregoing release shall not be construed
as a waiver of future claims by the Company or its affiliates arising from GT's
conduct after the Effective Date of this Agreement with respect to his
obligations to the Company under the confidentiality and non-competition
provisions contained in the Employment Agreement and any undertakings of GT
pursuant to this Agreement.

      8. Non-Disparagement. GT (on behalf of his heirs and personal
representatives), agrees not to make disparaging remarks concerning the Company
or their respective businesses or any of their respective employees,
consultants, stockholders, directors, affiliates, subsidiaries or
representatives. Each of TTR Ltd. and TTR Inc. agrees not to make disparaging
remarks concerning. Nothing herein shall be interpreted as affecting either of
the parties' obligations to comply with the specific terms of any valid and
effective subpoena, oral questions, interrogatories, requests for information,
civil investigative demand or order issued by a court of competent jurisdiction
or by a governmental body.

      9. Certain Representations of TTR Inc. With respect to the two actions
filed in the Southern District of New York and pending therein as of the
Effective Date and with respect to any other action of a similar nature filed in
the future wherein GT is covered under the Companies' Directors And Officers
Liability Insurance policy (the "Affected Actions"), TTR Inc. hereby represents
to GT that it will refrain from taking any action that may interfere with the
provision to GT of such coverage by the insurance carrier.

      10. Reasonable Attorney's Fees. Upon the execution hereof, TTR Ltd. shall
reimburse GT the amount of $2,500 for legal fees paid by him in connection with
the negotiation and execution of this Agreement.

      11. Reliance. 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 or referred to herein.

      12. 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.

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

      14. Non-Assignment. By his signature below, GT represents and warrants
that he has not assigned or otherwise conveyed to any third party any claim
against any of the

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Companies.

      15. 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.

      16. Entire Agreement. 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 or letters,
written or verbal, among the parties with respect to the subject matter hereof
other than as expressly referenced herein. 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.

      17. Governing Law, Jurisdiction and Forum. This Agreement, its validity,
construction and effect shall be governed by and construed under the laws of
Israel without reference to the principles of conflict of laws. The parties
hereby irrevocably consent to the jurisdiction of the courts of Israel venued in
Tel Aviv, for all actions, disputes, controversies, differences or questions
arising out of or relating to this Agreement.

      18. Representation. Each of GT and the Company, 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.

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

TTR Technologies, Ltd.

By: /s/ Sam Brill                                  /s/ Gershon Tokayer
   ----------------------                          ----------------------
                                                   Gershon Tokayer
Title: Director

TTR Technologies, Inc. hereby agrees to each of the Provisions in this Agreement
relating to it.

TTR Technologies, Inc.

By: /s/ Daniel C. Stein
   ----------------------

Title: Chief Executive OfficerExhibit 10.3

                              CONSULTING AGREEMENT

      This Agreement is made and entered into as of the 10th day of September
2002, by and between TTR Technologies, Inc., a Delaware corporation (the
"Company") having an office at 575 Lexington Avenue, New York, New York 10022
and Marc D. Tokayer (the "Consultant").

      WHEREAS, the Company is engaged in the business of developing and
commercializing copy-protection software for use with various media and is
desirous of retaining Consultant's services;

      WHEREAS, Consultant has experience and expertise in the area of copy
protection, and desires to be retained by the Company, all on the terms and
conditions set forth herein;

      NOW THEREFORE, in consideration of the mutual promises made herein and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

      1. Duties: The Company hereby engages Consultant for the term specified in
Section 2 hereof to render services set forth in Schedule I hereto, upon the
terms and conditions set forth herein.

      2. Term: Except as otherwise specified in Section 4 hereof, Consultant
shall provide the Services from October 1, 2002 (the "Effective Date") through
December 31, 2002.

      3. Place of Provision of Services, Travel: The Services hereunder shall be
provided in the United States, primarily out of the Company's premises in New
York City. To this end, Consultant shall travel to New York City as required
under this Agreement, at the Company's sole expense, request and discretion. All
travel shall be in accordance with the Company's travel policies. The Company
shall not be required to reimburse Consultant for any lodging or hotel expenses
while Consultant is in the United States.

      4. Fees In consideration for the services rendered by Consultant to the
Company pursuant to this Agreement Consultant shall be paid the sum of 27,667.67
per month, payable to Consultant as follows (collectively, the "Fee") :

            (a) $41,500 upon the execution hereof;

            (b) the balance of $41,500 on December 31, 2002. The balance to be
      paid pursuant to this Section 4(b) shall be held in escrow by the law firm
      Gersten, Savage, Kaplowitz, Wolf & Marcus, LLP and shall be released to
      the Consultant on December 31, 2002 pursuant an escrow agreement in the
      form attached hereto as Schedule II; and

            (c) All sums payable to the Consultant hereunder are gross amounts.
      Consultant shall be solely responsible for the payment of all taxes and
      fees including without limitation any federal or state withholding taxes.

      5. The Consultant's Services to Others: The Consultant acknowledges that
the he will dedicate significant time to the Company to fulfill his duties under
this Agreement. Nothing herein shall require Consultant to dedicate a specific
amount of time to the Company in connection with the fulfillment of his duties
however Consultant further acknowledges that he may not be engaged to provide
similar services to others.

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      6. Proprietary Information.

            (a) The term "Information" 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 Consultant 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 Consultant
      or similar agreements by other Company consultants or employees (c) shall
      have been received by the Consultant from another person or entity having
      no obligation to the Company or (d) is approved in writing by the Company
      for release by the Consultant.

            (b) The Consultant agrees to hold in trust and confidence all
      Information disclosed to it and further confirms that it will not exploit
      or disclose the Information to any other person or entity or use the
      Information directly or indirectly for any purpose other than for its work
      with the Company.

            (c) The Consultant acknowledges and agrees that the Information
      furnished by the Company to it 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.

      7. Miscellaneous.

            (a) This Agreement between the Company and Consultant constitutes
      the entire agreement and understanding of the parties hereto, and
      supersedes any and all previous agreements and understandings, whether
      oral or written, between the parties with respect to the matters set forth
      herein.

            (b) Consultant acknowledges and agrees that he is an independent
      contractor, is not the agent of the Company and has no authority in such
      capacity to bind or commit the Company by or to any contract or otherwise.
      Consultant is not, expressly or by implication, an employee of the Company
      for any purpose whatsoever.

            (c) Any notice or communication permitted or required hereunder
      shall be in writing and shall be deemed sufficiently given if
      hand-delivered or sent (i) postage prepaid by registered mail, return
      receipt requested, or (ii) by facsimile, to the respective parties as set
      forth below, or to such other address as either party may notify the other
      in writing:

      If to the Company:

                                               TTR Technologies, Inc.
                                               575 Lexington Avenue
                                               New York, NY

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                                               If to the Consultant:

                                               Marc D. Tokayer
                                               42 Habanim Street
                                               Petach Tikva

            (d) This Agreement shall be binding upon and inure to the benefit of
      each of the parties hereto and their respective successors, legal
      representatives and assigns.

            (e) This Agreement may be executed in any number of counterparts,
      each of which together shall constitute one and the same original
      document.

            (f) No provision of this Agreement may be amended, modified or
      waived, except in a writing signed by all of the parties hereto.

            (g) This Agreement shall be construed in accordance with and
      governed by the laws of the State of New York, without giving effect to
      conflict of law principles. The parties hereby agree that any dispute
      which may arise between them arising out of or in connection with this
      Agreement shall be adjudicated before a court located in New York City,
      and they hereby submit to the exclusive jurisdiction of the courts of the
      State of New York located in New York, New York and of the federal courts
      in the Southern District of New York with respect to any action or legal
      proceeding commenced by any party, and irrevocably waive any objection
      they now or hereafter may have respecting the venue of any such action or
      proceeding brought in such a court or respecting the fact that such court
      is an inconvenient forum, relating to or arising out of this Agreement,
      and consent to the service of process in any such action or legal
      proceeding by means of registered or certified mail, return receipt
      requested, in care of the address set forth in this Section 8.

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<PAGE>

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

                                               Marc D. Tokayer:
                                               /s/ Marc D. Tokayer
                                               ------------------------------

                                               TTR TECHNOLOGIES, INC.

                                               By: /s/ Daniel C. Stein
                                                  ---------------------------
                                               Name: Daniel C. Stein
                                               Title: Chief Executive Officer

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                                   Schedule I

                      Services to be rendered by Consultant

      Set forth below is a schedule of the tasks which the Consultant will be
responsible. In performing these tasks, Consultant will consult with, as is
necessary or desirable, the Company's Chief Executive Officer and/or Chief
Operating Officer.

1.    Assist in the restructuring and building of Inc.'s engineering plans

2.    Assist in the transition of Daniel Stein as CEO

3.    Provide analysis of US Music Industry to Board and CEO

4.    Introduce US personnel to record label contacts in US and Europe

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