Document:

EXHIBIT 4.15

                            (Translation from Hebrew)

                    PERSONAL AND SPECIAL EMPLOYMENT AGREEMENT

            Made and signed in Herzliya on the ___ day of July, 2004

BETWEEN:          ATTUNITY LTD.
                  Company No. 20038019
                  of Einstein Building
                  Tirat Hacarmel 39101
                  ("the Company")
                                                              OF THE FIRST PART

AND:              MR. YITZHAK RATNER
                  ID No. 054040977
                  of 17 Daniel Street
                  Ramat Gan 52233
                  ("the Manager")
                                                              OF THE OTHER PART

WHEREAS The Company wishes to employ the Manager in the Company as deputy to the
        CEO, and after termination of the employment of the present CEO, to
        employ him as CEO; and

WHEREAS The Manager wishes to work in the Company; and

WHEREAS The parties wish to regulate and anchor the terms of the Manager's
        employment in the Company;

   NOW THEREFORE, THE PARTIES HAVE DECLARED, AGREED AND STIPULATED AS FOLLOWS:

1.   PREAMBLE, HEADINGS AND INTERPRETATION

     1.1  The preamble and the appendices to this Agreement constitute an
          integral part thereof.

     1.2  The division of the Agreement and its appendices into sections and the
          headings of the sections are for convenience only, and shall not be
          used in the interpretation of the Agreement.

2.   UNIQUE AGREEMENT

     2.1  This Agreement is personal, and the terms of employment of the Manager
          shall be as set forth in this Agreement only.

     2.2  Beyond that stated in this Agreement, no provisions of a collective
          agreement, collective arrangement or custom of any kind whatsoever
          shall apply to the relationship between the parties.

<PAGE>

     2.3  The Manager shall not be entitled to any payment, right and/or benefit
          that is not specifically mentioned in this Agreement, including -
          without derogating from the generality of the aforesaid - payments,
          rights, terms of retirement and/or benefits of any kind to which
          Company employees are and/or will be entitled and which are not
          mentioned in this Agreement.

     2.4  This Agreement reflects and exhausts all the understandings between
          the Manager and the Company and all the arrangements, representations,
          letters or understandings which existed during the negotiations for
          the Manager to join the Company. If not referred to specifically in
          this Agreement, they are voided and shall have no effect.

          This Agreement supersedes all the earlier agreements, written or oral,
          between the Company and the Manager, insofar as there were such
          agreements.

3.   NO RESTRICTION ON THE MANAGER'S WORK

     3.1  The Manager declares, confirms and undertakes that he is entitled to
          enter into this Agreement and to take upon himself all the commitments
          therein, that there is no impediment, under an agreement or in any
          other way, to his entering into this Agreement and to his employment
          in the Company, and that in entering into this Agreement he is not in
          breach of any other agreement or undertaking to which he is a party or
          to which he was a party.

     3.2  The Manager hereby declares that he has no medical or other problems
          which, to the best of his knowledge and based on past experience, are
          liable to prevent him from fulfilling his undertakings to work in the
          Company. The Manager will notify the Company of any change that occurs
          in the condition of his health and which is relevant to the
          performance of his function.

4.   THE JOB AND DUTIES OF THE MANAGER

     4.1  The Manager will be employed in the Company as deputy to the CEO, and
          after the end of the employment of the present CEO - as CEO of the
          Company.

     4.2  Throughout the period of his employment in the Company, the Manager
          will conduct himself with integrity, dedication, skill and fidelity
          towards the Company. The Manager undertakes to devote his time, energy
          and work capacity, his best qualifications and skills, to promoting
          the business and affairs of the Company, to loyally and completely
          implement the decisions of the Board of Directors of the Company and
          to act always with fidelity towards it.

     4.3  The Manager will conduct himself at all times in a manner appropriate
          to his position and status in the Company.

     4.4  During the period of his employment in the Company, the Manager will
          not engage in any other work, whether with another employer or
          independently, whether for pay or not for pay, whether as a
          self-employed person or a wage-earner or as a consultant, and will not
          take upon himself any function in any other entity, including a public
          body, unless the Company has given its prior written consent. For the
          removal of doubt, it is clarified that the Manager may continue to
          serve on the Boards of Directors of the following entities: Shunra Co.
          and the Kassnia Fund, as long as this does not interfere with the
          fulfillment of his undertakings under this Agreement. The Manager may
          serve on other boards of directors, subject to the prior approval of
          the Board of Directors of the Company, as long as this does not
          interfere with the fulfillment of his undertakings under this
          Agreement.

                                     - 2 -
<PAGE>

     4.5  The Manager undertakes to notify the Company, immediately and without
          delay, of any matter or issue in which he has a personal interest
          and/or which is liable to create a conflict of interests with his role
          in the Company.

     4.6  The Manager undertakes to assist the Company and any affiliated or
          related corporation, and to be reasonably available, even after the
          end of the employment relationship with the Company for any reason,
          including for conveying any information relating to the work or
          actions he carried out, and including in the management of disputes,
          including legal or quasi-legal proceedings. Should the Company be in
          need of the services of the Manager after the end of the employment
          relationship with him for any reason, the Manager's expenses in
          respect of fulfillment of the provisions of this section will be
          reimbursed.

5.   THE PERIOD OF EMPLOYMENT AND ITS TERMINATION

     5.1  The Manager will commence his employment in the Company on 27 July,
          2004.

     5.2  This Agreement is not an agreement for a defined period, and the
          parties may end the relationship between them as follows: the Manager
          - by giving three months' written notice; the Company - by giving one
          month's written notice.

          During the notice period, the Manager is required to work. However,
          the Company reserves the right not to utilize the entire notice period
          or part of it, and to terminate the work relationship between the
          parties prior to the end of the notice period, provided that it makes
          payment the Manager in lieu of notice, which will include his salary
          and all the other incidental conditions (including a company car
          [which will remain at the disposal of the Manager until the end of the
          notice period], social benefit contributions, vacation, etc.) which he
          would have received had he worked until the end of the notice period.
          It is agreed that if the Manager is entitled to an adjustment period
          as set forth in section 15.3 below, and the Company has not utilized
          all or part of the notice period, the payment in lieu of notice will
          include payment for the adjustment period.

          Notwithstanding the aforesaid, the Company may fire the Manager
          immediately, without notice or any other compensation, in any case
          where the Manager's right to severance pay is denied under Israeli
          law.

     5.3  The Manager undertakes that immediately upon termination of his
          employment in the Company (i.e. at the end of the notice period and
          the adjustment period as defined below), for any reason, he will act
          as follows:

          5.3.1 He will convey and/or return to the Company all the documents,
               diskettes or any other media, the correspondence, records,
               reports and all other documents in his possession and connected
               with his work in the Company, as well as any equipment and/or
               other property of the Company that was put at his disposal,
               including a company car, telephone, employee tag or any other
               equipment. Notwithstanding the aforesaid, the Manager will
               deliver and/or return to the Company, at its request, all the
               documents, diskettes or any other media, correspondence, records,
               reports and all other documents in his possession and related to
               his work in the Company, after the end of his actual work in the
               Company, even if that date is before the end of the notice period
               and the adjustment period.

                                     - 3 -
<PAGE>

          5.3.2 He will delete all information relating to the Company or its
               business from his personal computer, if such information exists.

          5.3.3 He will coordinate his departure with his superiors, including
               the orderly transfer of his job, in a timetable to be determined
               by his superiors, and will make orderly transfer of his job, the
               documents and all the matters to which he attended, in accordance
               with Company procedures.

6.   HOURS OF WORK

     6.1  The Manager's hours of work will be as is customary in the Company for
          his job and status, and not less than 5 working days per week, 9 hours
          per day. The day of rest of the Manager will be Saturday. It is
          clarified that the Manager will have to be available for work also
          during overtime and/or non-routine days of work, in accordance with
          the requirements of the job and for work purposes. In addition, it is
          clarified that the Manager's position will require him to travel
          abroad for work purposes from time to time.

     6.2  Taking into consideration the status and position of the Manager, the
          Hours of Work and Rest Law, 5711-1951 will not apply to the Manager,
          and the Manager will not be entitled to any additional compensation in
          respect of his work, other than as specifically detailed in this
          Agreement.

7.   SALARY

     For his work, the Company will pay the Manager a salary as follows:

     7.1  Commencing with the start of his employment, the Manager will be
          entitled to a monthly salary of a sum in shekels equal to $20,833 (at
          the representative exchange rate on the date of calculation of the
          salary) ("the Salary").

     7.2  This Salary includes the latest cost-of-living increment which was
          paid a short time prior to his execution of this Agreement, and taking
          note of the fact that the Salary is linked to the dollar, the Manager
          will not be entitled to any additional cost-of-living increments.

     7.3  For the removal of doubt, it is hereby clarified that the aforesaid
          Salary constitutes the total consideration for the Manager's work, and
          in view of his position and status, he will not be entitled to any
          additional compensation, of any kind whatsoever, for his overtime work
          or work on non-routine work-days.

8.   COMPANY CAR

     8.1  The Manager will be entitled to a Company car from Group 5. In
          accordance with Company procedures, the Company will bear all the
          expenses involved in the use and maintenance of the car, except for
          the tax which is imposed on the Manager in respect of putting the car
          at his disposal and except for payment of fines and./or parking
          tickets. The Company may deduct the payment of parking tickets and
          fines from the Manager's Salary.

                                     - 4 -
<PAGE>

     8.2  Upon termination of the Manager's employment in the Company (i.e. at
          the end of the notice period and the adjustment period), the Manager
          will return the car. For the avoidance of doubt, it is hereby
          clarified that in no case will the car serve as a pledge.

9.   SENIOR EMPLOYEES INSURANCE AND SEVERANCE PAY

     The Manager will be entitled to contributions to the senior employees
     insurance policy ("the Policy") owned by the Company and which will be
     managed in his name in accordance with the following:

     9.1  The Company will contribute to the Policy 13.3% of the Manager's
          Salary (8.33% for severance and 5% for compensation), and will make
          payments to insure loss of earning capacity as required in the Policy.
          In addition, the Company will deduct 5% from the Manager's Salary and
          transfer it to the Policy.

     9.2  The Company's contributions to the Policy in respect of the
          compensation (8.33%) will be on account of severance pay.

     9.3  Upon termination of the Manager's employment in the Company for any
          reason, except in the circumstances referred to in section 9.4 below,
          the Company will transfer the Policy to his ownership.

     9.4  If termination of the Manager's employment in the Company is in
          circumstances in which severance pay can be denied to an employee
          according to Israeli law, the Company will not release to the
          Manager's credit the compensation part in the Policy and the yields
          accrued thereon.

10.  STUDY FUND

     10.1 The Manager will be entitled to deposits in a study fund ("the Fund")
          as follows: Every month, the Company will deposit in the Fund, to the
          Manager's credit, a sum in shekels equal to 7.5% of his Salary, up to
          the ceiling defined in section 10.2 below. Concurrently, the Company
          will deduct from the Manager's account in the Fund, 2.5% of his Salary
          up to the same ceiling, and transfer that amount to the Fund.

     10.2 If the Manager's Salary exceeds the maximum tax-exempt ceiling as laid
          down in the Income Tax Ordinance ("the Ceiling"), the Company's
          contributions in respect of the Salary above the Ceiling will be paid
          to the Manager each month as an increment in respect of contributions
          to the study Fund ("Study Increment").

     10.3 It is agreed and clarified that the Study Increment will not
          constitute part of the Manager's Salary in any respect, including for
          any social benefits and/or incidental conditions and/or severance pay.

                                     - 5 -
<PAGE>

11.  VACATION

     The Manager will be entitled to an annual vacation of 22 working days per
     year. Vacation days will be accumulated and redeemed in accordance with
     accepted custom in the Company for employees of his status.

12.  SUPPLEMENTARY SICK LEAVE

     The Manager will be entitled to payment of 10 supplementary sick leave days
     per year, at the tariff customary in the Company for employees of his
     status.

13.  SICK LEAVE

     The Manager will be entitled to payment for sick leave as defined in law.

14.  MILITARY RESERVE DUTY

     The Company will pay the Manager his full salary for dates on which he is
     called up for military reserve duty, provided he submits the official
     confirmation for receipt of the amounts payable to him by the National
     Insurance Institute.

15.  ADDITIONAL BENEFITS

     15.1 OPTIONS

          15.1.1 The Company will allot options to the Manager ("the Options")
               for purchase of 750,000 ordinary shares of a par value of NIS 0.1
               each of the Company ("the Shares").

          15.1.2 The Options will be allotted in the "capital gains track"
               according to Section 102 of the Income Tax Ordinance [New
               Version], 5721-1961 ("the Ordinance"). The terms of the Options
               which are not set out in this Agreement will be in accordance
               with the terms of the Company's option plan - Israeli Stock
               Option Plan 2003 ("the Plan").

          15.1.3 The exercise price of each Option will be equal to the closing
               price of the Company's shares on Nasdaq on the last day of
               trading before the date of the resolution of the General Meeting
               of the Company approving the allotment of the Options to the
               Manager.

          15.1.4 The vesting dates commencing on which the Manager may exercise
               the options will be as follows:

               15.1.4.1 The Options will be exercisable in three equal parts
                    (250,000 Options each time), at the end of each of the three
                    years after the date of the start of his employment (total -
                    three years).

          15.1.5 For the removal of doubt, it is clarified that on each date,
               Options can be exercised only to a whole number of shares.

          15.1.6 The Manager may exercise the Options he holds that have vested
               on the date of the end of the notice period up to the end of the
               adjustment period as defined below. If the Manager is not
               entitled to an adjustment period - he may exercise the Options as
               set out in the Plan.

                                     - 6 -
<PAGE>

          15.1.7 For the removal of doubt, it is clarified and agreed that
               during the adjustment period, the Options will not continue to
               vest.

          15.1.8 Notwithstanding the aforesaid, the Manager will be entitled to
               accelerate the vesting of the Options in the event of closing a
               merger of the Company with another company or purchase of all or
               most of the shares or assets of the Company by a third party
               (which is not a controlling interest on the date of execution of
               this Agreement) ("Change of Control"), so that on the date of
               completion of the Change of Control in the Company all the
               Options will be fully vested.

     15.2 ANNUAL BONUS

          15.2.1 The Manager will be entitled to an annual bonus which will not
               exceed $100,000 gross. The bonus will be paid once a quarter (in
               amounts not exceeding $25,000 per quarter), and all in accordance
               with achieving targets agreed upon between the Manager and the
               Board of Directors of the Company.

          15.2.2 It is clarified and agreed that the bonus, if and to the extent
               paid, does not constitute part of the Manager's Salary in any
               respect, including with regard to the matter of social benefit
               contributions and/or severance pay.

     15.3 ADJUSTMENT PERIOD

          15.3.1 Upon termination of the Manager's employment in the Company for
               any reason (except termination of his employment in the
               circumstances of section 9.4 above or resignation of the Manager
               without giving notice or notice of resignation given by the
               Manager for any reason before the elapse of 36 months from the
               date of the start of his employment in the Company), the Manager
               will be entitled to a 12-month period of adjustment which will
               commence at the end of the notice period pursuant to this
               Agreement (or from the end of the period of the Manager's actual
               work if the Company waived his work during the notice period as
               provided in section 5.2 above). During the adjustment period the
               Manager will be entitled to all the benefits pursuant to this
               Agreement, including payment of his Salary, social benefit
               contributions and a car at his disposal. It is clarified that the
               employee-employer relationship will end only at the end of the
               adjustment period,

          15.3.2 For the removal of doubt, it is clarified and agreed that
               during the adjustment period, the options held by the Manager
               will not continue to vest, but will be exercisable throughout
               that period.

                                     - 7 -
<PAGE>

     15.4 MISCELLANEOUS

          15.4.1 The Manager will be entitled to reimbursement of expenses which
               he incurs for performance of his function, in accordance with the
               Company's policy and as is customary for an employee of his rank
               and status.

16.  CONFIDENTIALITY, NON-COMPETITION AND NON-SOLICITATION, AND INTELLECTUAL
     PROPERTY

     16.1 COMMERCIAL SECRETS

          16.1.1 The Manager undertakes to keep the Company's secrets, including
               of subsidiaries and related companies (for the purposes of
               sections 16.1 and 16.2 below, these together are referred to as
               "the Company"), commencing on the date of his entering into this
               Agreement with the Company and after the end of the commitment
               with it for any reason whatsoever.

               Without derogating from the generality of the aforesaid, the
               Manager undertakes to keep absolutely confidential and not to
               disclose and not to convey to any person and/or entity and not to
               make use of, for his own purposes and/or the purposes of others,
               any information connected with the Company and its business which
               is not public domain, including commercial, scientific,
               technological or industrial information or information relating
               to the business, activities or affairs of the Company, including
               any information, whether written or verbal, related to the
               Company, its plans, its business and commercial secrets,
               management methods, terms of employment, commitments with
               suppliers, employees, consultants and other entities, the
               Company's policy, information connected with suppliers and
               customers, sales and marketing methods and any other information
               which reaches him in connection with the Company and which is not
               public domain, or any other information, the disclosure of which
               is liable to harm the Company or to benefit competitors, which
               comes or will come to his knowledge, whether directly or
               indirectly, whether in or outside Israel ("the Classified
               Information").

               The Classified Information which is or will be in the Manager's
               possession or known to him, is the exclusive property of the
               Company, and the Manager does not and will not have any right to
               make any use thereof except in the framework of the commitment
               with the Company and for the promotion of the affairs of the
               Company alone.

               Without derogating from the generality of the aforesaid, the
               Manager undertakes not to make any use of "inside information" as
               defined in the Securities Law, 5728-1968, i.e. information about
               the development of the Company, about a change in its condition,
               about an expected development or change or any other information
               which is not known to the public, Furthermore, the Manager
               undertakes not to exploit and not to permit members of his family
               to exploit such information in anything relating to transactions
               in securities of the Company or of another entity.

               The Manager undertakes not to convey and/or not to transfer,
               directly or indirectly, to any person and/or entity, any material
               and/or raw material and/or product and/or part of a product
               and/or model and/or document and/or diskette and/or other media
               for storing information and/or photographed and/or printed and/or
               duplicated object and the like, which contains all or some of the
               Classified Information.

                                     - 8 -
<PAGE>

               The Manager undertakes that immediately upon termination of the
               commitment with the Company for any reason, he will deliver
               and/or return to the Company any asset belonging to it, including
               any document which he prepares and/or information he obtains as
               part of the commitment with the Company. If the Classified
               Information is stored on magnetic media or on other media which
               cannot be returned, then all the copies on which the Classified
               Information is stored will be destroyed.

     16.2 NON-COMPETITION AND NON-SOLICITATION

          16.2.1 The Manager undertakes that during his commitment with the
               Company and for a period of 12 months after the end of the
               commitment for any reason ("the Limitation Period"), he will not
               engage, whether as a salaried employee or as a self-employed
               person, whether as a consultant or in any other way, and will not
               participate, directly or indirectly and will not accept a
               position, invitation or job offer which would constitute
               competition or cause harm, directly or indirectly, to the Company
               or in the field in which the Company is engaged ("the Competitive
               Occupation").

               For the removal of doubt, it is hereby clarified that the
               Limitation Period will commence at the end of the adjustment
               period of the Manager, as defined above, insofar as he will be
               entitled to such a period, If the Manager is not entitled to an
               adjustment period, the Limitation Period will commence on the
               date of termination of the employee-employer relations as will be
               in that case.

          16.2.2 Without derogating from the generality of the aforesaid, the
               Manager undertakes that during the Limitation Period, he will not
               approach and/or solicit and/or cause any of the Company's
               employees and/or agents and/or suppliers and/or customers to end
               their commitment with the Company.

          16.2.3 The contents of this section derive from the senior status of
               the Manager and from his exposure to the Classified information,
               and is intended to protect the legitimate interests of the
               Company. It is clarified and agreed that the consideration which
               the Manager will receive pursuant to this Agreement takes into
               account his undertaking in this section, and constitutes fair
               compensation for that undertaking.

     16.3 OWNERSHIP OF INTELLECTUAL PROPERTY

          16.3.1 The ownership of all the intellectual property rights of any
               kind whatsoever, including the Classified Information, any
               copyright, invention, patent, commercial secret, innovation,
               idea, etc. ("Intellectual Property Rights") which derive from or
               are created by the Manager or by his subordinates during or due
               to the commitment with the Company, are the exclusive property of
               the Company and/or of those acting in its stead.

          16.3.2 The Manager undertakes to disclose to the Company any right in
               intellectual property which derives from or is created by him (or
               by his subordinates) during the period of his commitment with the
               Company and/or due to his the commitment with the Company, and he
               hereby assigns any interest he has in that right in intellectual
               property in favour of the Company, all without any additional
               compensation.

                                     - 9 -
<PAGE>

17.  GENERAL

     17.1 The Manager will bear all the taxes deriving from the rights and
          benefits he will receive pursuant to this Agreement. It is hereby
          clarified that all the amounts stated in this Agreement are gross, and
          mandatory tax will be deducted from them and from all the rights and
          benefits the Manager will receive pursuant to this Agreement, and all
          other mandatory payments, including health insurance payments and
          national insurance (social security) payments.

     17.2 Any change of any of the provisions of this Agreement will be binding
          upon the Company only if made in writing and approved as required.

     17.3 Any notice sent by registered mail by one party to the other will be
          deemed to have been received by the other party after the elapse of
          three business days from the date of its dispatch, and if delivered by
          hand or by electronic mail, on the date of delivery.

     17.4 The Manager hereby declares that he has read the provisions of the
          Agreement carefully, that he understands them and that all the
          provisions of the Agreement are acceptable to him. The Manager further
          declares that he signs this Agreement of his own free will.

     17.5 This Agreement is subject to the approvals required by any law.

     17.6 This Agreement also constitutes notice of terms of employment, in
          accordance with the provisions of the Notice to an Employee Law (Terms
          of employment), 5762-2002 and its regulations.

          IN WITNESS WHEREOF THE PARTIES HAVE AFFIXED THEIR SIGNATURES:

            Signed: ( - )                             Signed: ( - )
---------------------------------------    -------------------------------------
            Attunity Ltd.                             Yitzhak Ratner

                                     - 10 -20-F

EXHIBIT 4.12  

Consulting and
Management Services Agreement  

This Management Services Agreement
(this “Agreement”) is made and entered into as of January 1, 2004 by and
between Franz Kalff GmbH (“Franz Kalff”) a private German company
and Robomatix Technologies Ltd. a public Israeli company (“Robomatix”). 

	Whereas, 	
Franz Kalff desires to retain the consulting and management services of Robomatix pursuant
to the terms and conditions set forth in this Agreement, and Robomatix agrees to provide
such consulting and management services to Franz Kalff on such terms and conditions; 

Now, Therefore, in
consideration of the covenants and conditions hereinafter set forth, the parties hereby
agree as follows: 

	1.  	Scope
of Services  

	 	1.1. 	During
the term of this Agreement Robomatix shall provide Franz Kalff with
                    consulting and management services with respect to Franz Kalff’s
business                     as detailed below: 

	 	1.1.1 	Expansion
into new markets; 

	 	1.1.2 	Financing;  

	 	1.1.3 	Organizational
restructuring;  

	 	1.1.4 	Assistance
in obtaining new products for sale related to the Company's business; 

	 	1.1.5 	Development
of business relationships with export countries (excluding Germany); 

	 	1.1.6 	Such
other services as shall be agreed upon between the parties from time to time. 

	 	
Collectively
the “Management Services”.  

	 	1.2. 	By
rendering the Management Services hereunder, Robomatix shall cooperate with
                    Franz Kalff and utilize a professional skill and diligence to provide
the                     expertise required in connection with such services. The
Management Services are                     to be provided by Mr. Zvi Barinboim, Mr. Amit
Goldwasser and Mr. Yochi Korman. 

	2.  	Consideration

	 	2.1. 	In
consideration of the performance of the Management Services hereunder Franz
                    Kalff shall pay to Robomatix management fees on an arm’s length
basis (the “Management Fees”). The monthly Management Fees will be at
the                     amount of twelve thousand Euros (€12,000). The Management
Fees for the year                     2004 shall be paid on March 30, 2005 and the
Management Fees for the year 2005                     and thereafter shall be paid in
quarterly installments of thirty six thousand                     Euros (€36,000).
Each quarterly installment of the Management Fees shall be                     paid not
later than the seventh (7th) day of each calendar quarter
                    for Management Services rendered during the preceding calendar
quarter. The                     aforesaid Management Fees, as defined above, are
calculated on a cost plus                     basis. 

	 	2.2 	During
the term of this Agreement Franz Kalff will reimburse will reimburse Robomatix for
out-of-pocket expenses borne by Robomatix or any of its employees, directors or officers
in connection with the provision of the Management Services within 30 days of submittal
of the relevant invoices and receipts to Franz Kalff. 

	 	2.3 	All
payments under this Agreement shall be made against the issuance of a valid invoice
furnished by Robomatix to Franz Kalff. Such payments shall also include Value Added Tax
pursuant to applicable law. 

	3.  	Term;
Termination  

	 	
This
Agreement shall be deemed effective as of January 1, 2004 and shall continue as long as
Robomatix is the controlling shareholder of Franz Kalff and shall continue to provide the
Management Services. 

	4.  	Independent
Contractor  

	 	
Robomatix
is an independent contractor and is not an agent or employee of Franz Kalff by contract or
otherwise. Robomatix will perform the Management Services under the general direction of
Franz Kalff. 

	5.  	Miscellaneous

	 	5.1. 	Entire
Agreement. This Agreement constitutes the entire understanding and
                    agreement between the parties hereto, supersedes any and all prior
discussions,                     agreements and correspondence with regard to the subject
matter hereof, and may                     not be amended, modified or supplemented in
any respect, except by a subsequent                     written document executed by both
parties hereto. 

- 2 -

	 	5.2. 	No
Waiver. No failure, delay of forbearance of either party in exercising
                    any power or right hereunder shall in any way restrict or diminish
such                     party’s rights and powers under this Agreement, or operate
as a waiver of                     any breach or nonperformance by either party of any
terms of conditions hereof. 

	 	5.3. 	Severability.
In the event it shall be determined under any applicable                     law that a
certain provision set forth in this Agreement is invalid or
                    unenforceable, such determination shall not affect the remaining
provisions of                     this Agreement unless the business purpose of this
Agreement is substantially                     frustrated thereby. 

	 	5.4. 	Assignment.
Robomatix may freely assign this Agreement to a third party,
                    provided, that the assignee has the experience’ know how,
ability and                     expertise required for the provision of the Management
Services under this                     Agreement. 

	 	5.5. 	Notices.
Any notices under this Agreement shall be sent by courier or
                    certified mail, return receipt requested, postage or fees prepaid, to
the                     address specified above or such other address as the party
specifies in writing.                     Such notice will be effective one business day
after delivery to the courier or                     mailing as specified. 

	 	5.6. 	Governing
Law; Jurisdiction. The laws of the State of Israel shall apply                     to
this Agreement without giving effect to their rules regarding conflict of
                    laws and the sole and exclusive place of jurisdiction in any matter
arising out                     of or in connection with this Agreement shall be the
competent court in                     Tel-Aviv, Israel. 

In Witness Whereof the parties
have executed this Agreement on the date first written above. 

				
				
				
				
				
	Franz KALFF GMBH 	ROBOMATIX TECHNOLOGIES LTD. 
	By:	______________	By:	______________
	Name:	______________	Name:	______________
	Title:	______________	Title:	______________
				

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