Document:

Israel
      Technology Acquisition Corp.

    7
      Gush Etzion, 3rd Floor

    Givaat
      Shmuel

    Israel
      54030

    

    To:

    Gemini
      Israel Funds

    9
      Hamenofim Street

    Herzliya
      Pituach 46725

    Israel

    

    Landa
      Ventures Ltd.

    7
      Menachem Begin St.

    Ramat
      Gan
      52521

    Israel

    

    

    June
      19,
      2006

    

    CERTIFICATION

    

    1. The
      merger agreement (“Merger
      Agreement”),
      by and
      among Israel Technology Acquisition Corp. (“ITAC”),
      IXI
      Mobile, Inc. (“IXI”)
      and
      ITAC Acquisition Subsidiary Corp., a wholly owned Subsidiary of ITAC, dated
      as
      of February 28, 2006, has been duly and validly executed by ITAC and is a
      binding obligation of ITAC as of the date hereof. 

    

    2. Pursuant
      to Section 5.1 of the Merger Agreement, IXI is required to obtain ITAC's prior
      approval to certain transactions, including, without limitation, the
      transactions contemplated by that certain Loan Agreement between IXI Mobile
      (R&D) Ltd. (“IXI
      Israel”),
      a
      wholly owned subsidiary of IXI, duly incorporated under the laws of the State
      of
      Israel, Southpoint Master Fund LP ("Southpoint")
      and
      IXI, in its capacity as guarantor thereunder, attached hereto as Exhibit
      A
      (collectively with all exhibits, schedules and ancillary documents thereto,
      the
"Loan
      Agreement")
      and the
      transactions contemplated by that certain Letter Agreement by and among IXI,
      IXI
      Israel and you attached hereto as Exhibit
      B.
      Consequently, ITAC hereby certifies that its Board of Directors (including
      any
      required committee or subgroup of the Board of Directors of ITAC) has, as of
      the
      date of this Certification, unanimously granted its approval to IXI to enter
      into the Loan Agreement and the Letter Agreement. ITAC further certifies that
      its Board of Directors (including any required committee or subgroup of the
      Board of Directors of ITAC) has, as of the date of this Certification,
      unanimously approved the execution by ITAC of this Certification.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. Subject
      to and conditioned upon the consummation of the ITAC/IXI Merger, ITAC hereby
      certifies and agrees that: (i) all of IXI's and IXI Israel’s obligations,
      agreements, undertakings, representations and warranties to you pursuant to
      the
      Letter Agreement and pursuant to the Loan Agreement, including, without
      limitation, the obligations undertakings, representations and warranties to
      you
      pursuant to the combined provisions of the Letter Agreement and Sections 3.2
      and
      3.3 of the Loan Agreement (collectively, the "Assumed
      Obligations"),
      will
      be assumed by ITAC in their entirety as of the Effective Time (as such term
      is
      defined in the Merger Agreement); (ii) as a result of ITAC's agreement in the
      immediately preceding Section, you shall be entitled to, among other things:
      (x)
      convert each of your respective Conversion Amounts into shares of ITAC Stock
      pursuant to the combined provisions of the Letter Agreement and Section 3.2(a)
      and Sections 3.2(c) through (e) of the Loan Agreement, and (y) receive a total
      amount of Two Hundred Forty Thousand (240,000) shares of ITAC Stock pursuant
      to
      the combined provisions of the Letter Agreement and Section 3.3(a) of the Loan
      Agreement and, subject to your meeting the Conversion Inducement Threshold,
      ITAC
      Warrants pursuant to the combined provisions of the Letter Agreement and Section
      3.3(b) of the Loan Agreement; (iii) prior to an Optional Conversion pursuant
      to
      Section 3.2(a) of the Loan Agreement and prior to the issuance of ITAC Stock
      and/or ITAC Warrants pursuant to Section 3.3 of the Loan Agreement, ITAC shall
      take any and all actions necessary to authorize and reserve a sufficient number
      of shares of ITAC Stock to effect such Optional Conversion and such issuance
      of
      equity securities; (iv) any shares of ITAC Stock or ITAC Warrants issuable
      to
      you following the consummation of the ITAC/IXI Merger and the assumption by
      ITAC
      of the Assumed Obligations, will be issued to you as soon as practicable
      following the Effective Time of the ITAC/IXI Merger; (v) upon delivery to you
      of
      any shares of ITAC Stock pursuant to the combined provisions of the Letter
      Agreement and the Loan Agreement, such shares of ITAC Stock shall be duly
      authorized, validly issued, fully paid and non-assessable; (vi) ITAC shall
      provide you with representations and warranties substantially similar to the
      representations and warranties provided by ITAC to IXI in Article IV of the
      Merger Agreement; and (vii) ITAC shall grant to you registration rights with
      respect to all shares of ITAC Stock which you may receive pursuant to the Loan
      Agreement and this Certification; such registration rights being equivalent
      to
      those registration rights previously granted to you in connection with the
      Merger Agreement.

    

    4. ITAC
      hereby represents and warrants to you as of the date hereof as
      follows:

    

    4.1 Authorization;
      Binding Obligations.
      ITAC has
      all requisite corporate power and authority to execute and deliver this
      Certification. Subject to the consummation of the ITAC/IXI Merger, ITAC will
      have the corporate power and authority to perform its obligations pursuant
      to
      this Certification, including, but not limited to, the issuance to you of the
      ITAC Stock and the ITAC Warrants pursuant to the combined provisions of the
      Letter Agreement, the Loan Agreement and paragraph 3 hereof. All corporate
      action on the part of ITAC, its officers, directors and stockholders necessary
      for the authorization of this Certification have been taken. Subject to the
      consummation of the ITAC/IXI Merger, all corporate action on the part of ITAC,
      its officers, directors and stockholders necessary for the performance of ITAC’s
      obligations hereunder, including, but not limited to, the issuance to you of
      the
      ITAC Stock and the ITAC Warrants will be taken in a timely manner.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	 	
              4.2

            	
              Conflict;
                Required Filings and
                Consents.

            

    

    

    (a) The
      Loan
      Agreement and the Letter Agreement, after giving effect to this Certification
      and the grant of approval by the Board of Directors of ITAC to IXI to enter
      into
      the Loan Agreement and the Letter Agreement, do not conflict with or give rise
      to any right of termination under the Merger Agreement.

     

    (b) The
      execution and delivery of this Certification by ITAC do not, and, subject to
      the
      consummation of the ITAC/IXI Merger, the performance of ITAC's obligations
      pursuant to this Certification shall not: (i) conflict with or violate ITAC’s
      charter documents, or (ii) result in any breach of or constitute a default
      (or
      an event that with notice or lapse of time or both would become a default)
      under, or materially impair ITAC’s rights or alter the rights or obligations of
      any third party under, or give to others any rights of termination, amendment,
      acceleration or cancellation of, or result in the creation of a lien or
      encumbrance on any of the properties or assets of ITAC pursuant to, any ITAC
      contracts (as defined below), except, with respect to clause (ii), for any
      such
      conflicts, violations, breaches, defaults or other occurrences that would not,
      individually and in the aggregate, have a Material Adverse Effect on
      ITAC.

    

    (c) No
      consent, approval or authorization of, or declaration to or filing with, any
      Person is required, or will be required, for the valid authorization, execution
      and delivery by ITAC of this Certification or, subject to the consummation
      of
      the ITAC/IXI Merger, for the valid authorization, issuance and delivery to
      you
      of the ITAC Stock and the ITAC Warrants, other than those consents, approvals,
      authorizations, declarations or filings which have been obtained or made, as
      the
      case may be or which will be obtained and made in a timely manner.

    

    4.3 Representations
      and Warranties in Connection with the ITAC/IXI Merger. 

    

    (a) ITAC
      hereby confirms that (i) each representation and warranty of ITAC contained
      in
      the Merger Agreement that is qualified as to materiality was true and correct
      as
      of the date of the Merger Agreement and (ii) each representation and warranty
      of
      ITAC contained in the Merger Agreement that is not qualified as to materiality
      was true and correct in all material respects as of the date of the Merger
      Agreement.

    

    (b) ITAC
      hereby confirms that as of the date hereof, no event has occurred since the
      date
      of the Merger Agreement which, individually or in the aggregate, would cause
      any
      representation and warranty of ITAC contained in the Merger Agreement to be
      incorrect in any material respect.

    

    (c) Prior
      to
      the consummation of the ITAC/IX Merger, IXI is required to receive an opinion
      of
      Graubard Miller, counsel for ITAC, containing opinions customary for similarly
      structured transactions, including the authority of ITAC to enter into the
      transactions called for by the Merger Agreement and the issuance of the
      securities provided for in the Merger Agreement.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5. Capitalized
      terms not otherwise defined herein shall have the meanings assigned them in
      the
      Loan Agreement.

    

    6. Each
      one
      of you has read ITAC's final prospectus, dated July 12, 2005, and understands
      that ITAC has established a trust fund ("Trust
      Fund"),
      in an
      amount of $33,812,870 as of March 31, 2006, for the benefit of ITAC's public
      stockholders and that ITAC may disburse monies from the Trust Fund only (i)
      to
      its public stockholders in the event they elect to convert their shares or
      upon
      ITAC's liquidation or (ii) to ITAC after it consummates a business combination.
      For and in consideration of ITAC providing the foregoing Certification to you,
      each one of you, by accepting this Certification, hereby, severally and not
      jointly, agrees that it does not have any right, title, interest or claim of
      any
      kind in or to any monies in the Trust Fund ("Claim")
      and
      waives any Claim it may have in the future as a result of, or arising out of,
      any negotiations, contracts or agreements with ITAC and will not seek recourse
      against the Trust Fund for any reason whatsoever. For the avoidance of doubt,
      this paragraph 7 shall not in any event be construed to constitute a waiver
      of
      any claim by any one of you against ITAC in the event that the ITAC/IXI Merger
      is consummated. This provision shall survive termination of this Certification
      for any reason whatsoever.

     

    7. This
      Certification is provided as an inducement for each one of you to enter into
      the
      Letter Agreement.

    

    8. This
      Certification shall be governed by and construed in accordance with the laws
      of
      Delaware without regard to the conflicts of laws provisions
      thereof.

    

    

    [Signature
      Page Follows]

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
      	 	
              ISRAEL
                TECHNOLOGY ACQUISITION CORP.

            
	 	 
	 	
              By:      
                /s/
                Israel Frieder

            
	 	
                          
                Name: Israel Frieder

            
	 	
                          
                Title: Chairman and Chief Executive Officer

            
	 	 
	 	 
	
              Accepted
                as of the date hereof:

            
	 	 
	 	
              GEMINI
                ISRAEL III LIMITED PARTNERSHIP,

            
	 	
              by
                its general partner Gemini Capital Associates III L.P.,

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              By:
                /s/
                David Cohen        
                /s/
                Yosi Sela 

            
	 	 
	 	
              Name:
                David Cohen         Yosi
                Sela

            
	 	 
	 	
              Title:
                CFO,
                GP                    Managing
                Partner

            
	 	
                     
                    

            
	 	 
	 	
              GEMINI
                ISRAEL III PARALLEL FUND LIMITED PARTNERSHIP,

            
	 	
              by
                its general partner Gemini Capital Associates III, L.P.

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              
                By:
                  /s/
                  David Cohen        
                  /s/
                  Yosi Sela 

              

            
	 	 
	 	
              Name:
                David Cohen         Yosi
                Sela

            
	 	 
	 	
              Title:
                CFO,
                GP                  
                Managing Partner      

            
	 	 
	 	 
	 	
              GEMINI
                ISRAEL III OVERFLOW FUND LIMITED PARTNERSHIP,

            
	 	
              by
                its general partner Gemini Capital Associates III L.P.,

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              
                By:
                  /s/
                  David Cohen        
                  /s/
                  Yosi Sela 

              

            
	 	 
	 	
              Name:
                David Cohen         Yosi
                Sela

            
	 	 
	 	
              Title:
                CFO,
                GP                  
                Managing Partner

            
	 	 

    

     

    
[SIGNATURE
      PAGE TO ITAC SP CERTIFICATION]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              GEMINI
                PARTNER INVESTORS LIMITED PARTNERSHIP.

            
	 	
              by
                its general partner Gemini Israel Funds Ltd.

            
	 	 
	 	
              
                By:
                  /s/
                  David Cohen        
                  /s/
                  Yosi Sela 

              

            
	 	 
	 	
              Name:
                David Cohen         Yosi
                Sela

            
	 	 
	 	
              Title:
                CFO,
                GP                   Managing
                Partner

            
	 	 
	 	
              LANDA
                VENTURES LTD.

            
	 	 
	 	
              By:/s/
                B. Landa

            
	 	 
	 	
              Name:
                B. Landa 

            
	 	 
	 	
              Title:
                Chairman

            

    

    

     

    [SIGNATURE
      PAGE TO ITAC SP
      CERTIFICATION]Gemini
      Israel Funds

    9
      Hamenofim Street

    Herzliya
      Pituach 46725

    Israel

    

    Landa
      Ventures

    7
      Menachem Begin St.

    Ramat
      Gan 52521

    Israel

    

    

    June
      19, 2006

    

    IXI
      Mobile, Inc. (the "Parent")

    275
      Shoreline Drive Suite 505

    Redwood
      City 94065

    USA

    

    IXI
      Mobile (R&D) Ltd. (the "Subsidiary"
      and
      collectivley with Parent, "you")

    17
      Hatidhar Street

    Raanana,
      43665 

    Israel

    

    

    Ladies
      and Gentelmen,

    

    The
      purpose of this Letter Agreement is to set forth the terms and conditions of
      our
      understanding and agreement relating to the extension of that certain guaranty
      ("Guaranty")
      provided by us to Bank Leumi Le’Israel Ltd. (the "Bank")
      to
      secure the obligations of the Subsidiary pursuant to that certain line of credit
      (the "LOC")
      and
      loan (the "Loan")
      obtained by the Subsidiary from the Bank. The aggregate commitment amount under
      the LOC is currently $4,000,000 and the current aggregate principal amount
      of
      the Loan equals $4,000,000. 

    

    Reference
      is hereby made to that certain Agreement and Plan of Merger dated February
      28,
      2006 recently entered into by and among the Parent, Israel Technology
      Acquisition Corporation ("ITAC")
      and
      ITAC Acquisition Subsidiary Corp., a wholly-owned subsidiary of ITAC
      ("Merger
      Sub")
      providing for a merger (the “ITAC/IXI
      Merger”)
      of
      Merger Sub with and into the Parent, resulting in the Parent surviving the
      ITAC/IXI Merger and becoming a wholly owned subsidiary of ITAC.

    

    Reference
      is further made to that certain Loan Agreement by and between you and Southpoint
      Master Fund LP dated of even date herewith (the "Loan
      Agreement").
      

    

    Capitalized
      terms not otherwise defined herein shall have the meaning assigned them in
      the
      Loan Agreement.

    

    The
      terms
      of our agreement and understanding are as follows:

    

    1. We
      hereby
      commit to extend our Guaranty and keep it outstanding for as long as the LOC
      and/or the Loan remain outstanding, provided that the Company is in compliance
      with the terms and conditions of this Letter Agreement; and provided further
      that in no event will the Guaranty remain outstanding following the Repayment
      Date or the Maturity Date, as the case may be.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        IXI
          Mobile

        June
          19,
          2006

        Page
          2

      

    

    

    

    2. 
      We
      further commit that should the Bank terminate all or any part of any of the
      LOC
      or the Loan prior to the Repayment Date or prior to the Maturity Date, as the
      case may be, we hereby commit to advance the Company any and all funds required
      in order to repay the Bank any amounts then owed by the Company to the Bank
      under the terminated LOC and/or under the terminated Loan, as applicable;
      provided, however, that, for purposes of Section 3 below, any such repayment
      by
      us to the Bank shall be deemed an assumption of Leumi Debt and any amounts
      paid
      by any one of us to the Bank pursuant to this Section 2, shall be considered
      an
      Assumed Debt. 

    

    3. By
      your
      signature below, you hereby agree that:

    

    (a) 
      at any
      time or from time to time following the date of execution of this Letter
      Agreement, each of us shall have the right to assume all or any part of any
      amounts owed by the Subsidiary to the Bank under the LOC or under the Loan
      (any
      such amount assumed by any of us including any interest thereon together with
      any amount advanced by us pursuant to Section 2 above, collectively referred
      to
      herein as the "Assumed
      Debt").
      Any
      Assumed Debt will be evidenced by a Convertible Secured Promissory Note executed
      by the Subsidiary in substantially the same form as the form of Note attached
      as
      Exhibit A of the Loan Agreement.

    

    (b) if
      any of
      us elects to assume any Assumed Debt, then such assuming party shall be entitled
      to the rights and benefits conferred by Sections 3.2 and 3.3(b) of the Loan
      Agreement subject to the terms and conditions of such Sections. The rights
      and
      benefits conferred by Sections 3.2 and 3.3(b) of the Loan Agreement and the
      terms and conditions related thereto are incorporated herein by this
      reference.

    

    (c) prior
      to
      an Optional Conversion pursuant to Section 3.2(b) of the Loan Agreement, the
      Company shall take any and all actions necessary to authorize and reserve a
      sufficient number of shares of IXI Stock to effect such Optional Conversion
      and
      upon delivery following such Optional Conversion, all shares of IXI Stock shall
      be duly authorized, validly issued, fully paid and non-assessable.

    

    (d) the
      Parent agrees to provide us with a written document signed by the Parent and
      by
      the individuals or entities consisting of the majority required for an amendment
      of the Parent's Amended and Restated Stockholders Agreement made as of August
      24, 2004, as amended, as well as a written document signed by the Parent and
      by
      the individuals or entities consisting of the majority required for an amendment
      of the Parent's Amended and Restated Investors Rights Agreement made as of
      August 24, 2004, as amended, evidencing the consent of such parties to the
      application of such Agreements to any IXI Stock received by us (if at all)
      on an
      Optional Conversion. Such written documents shall become effective only on
      the
      occurrence of an optional conversion pursuant to Section 3.2(b) of the Loan
      Agreement and us becoming holders of Series E Preferred Stock of the
      Parent.

    

    4. By
      the
      Subsidiary's signature below, the Subsidiary hereby covenants and agrees to
      repay each one of us our receptive Assumed Debt (if any). The Subsidiary further
      covenants and agree to indemnify each one of us for any amounts respectively
      paid by any one of us to the Bank pursuant to the Guaranty and any related
      make-whole and other amounts payable by the Subsidiary in connection with the
      Guaranty. Additionally, you agree that any amounts payable to us by the
      Subsidiary pursuant to this Section 4 and under any other provisions of this
      Letter Agreement shall be subject to the same repayment, prepayment,
      acceleration and conversion terms and conditions as set forth in the Loan
      Agreement, including, without limitation, the terms and conditions of Sections
      2.3 through 2.9 of the Loan Agreement, which such terms and conditions are
      incorporated herein by this reference. Notwithstanding the foregoing, we hereby
      acknowledge and agree that any amount of Assumed Debt converted by us into
      Conversion Stock on an Optional Conversion will be deemed fully paid and all
      obligations relating thereto will be deemed fully satisfied.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        IXI
          Mobile

        June
          19,
          2006

        Page
          3

      

    

    

    

    5. In
      consideration of our undertakings pursuant to this Letter Agreement, by your
      signature below, you hereby acknowledge and agree as follows: (A) in the event
      the ITAC/IXI Merger becomes effective and subject to and conditioned upon the
      ITAC/IXI Merger becoming effective, ITAC shall issue, pursuant to the combined
      provisions of this Section 5 and the ITAC Certification (as defined below),
      a
      total amount of Two Hundred Forty Thousand (240,000) shares of ITAC's Common
      Stock ("ITAC
      Stock"),
      par
      value $0.0001 per share, with each of us receiving the amount of ITAC Stock
      set
      forth apposite its respective name on Schedule I attached hereto, and, (B)
      the
      Subsidiary shall pay each one of us an amount equal to each our respective
      pro
      rata share in the balance between the Basic Interest Rate and the interest
      rate
      owed under the LOC and the Loan calculated on $8,000,000 for any period during
      which the Loan and/or LOC were outstanding during the period commencing on
      March
      1, 2006 (the date on which the Guaranty was initially activated) and ending
      on
      the Repayment Date (if the ITAC/IXI Merger closes) or on the First Interest
      Payment Date and any subsequent interest payment under the Loan Agreement (if
      the ITAC/IXI Merger does not close).

    

    6. You
      shall
      use your best efforts to cause ITAC to execute and deliver to us the
      Certification attached hereto as Exhibit
      A
      (the
"ITAC
      Certification").

     

    7. In
      addition to the consideration set forth in Section 5 above, to secure the
      Subsidiary's payment obligations pursuant to this Letter Agreement, each one
      of
      you shall grant to us, the same security interests provided to the Lenders
      by
      the Security Documents under the Loan Agreement (to the extent any such Security
      Documents are applicable to any of you), including, without limitation, a
      continuing first priority (except as otherwise set forth in the Loan Agreement
      or in any of the other Loan Documents) security interest in all of the Company's
      and the Subsidiary's right, title and interest in and to the Collateral pursuant
      to a security agreement in substantially the same form as the First Ranking
      Security Agreement attached as Exhibit B to the Loan Agreement, pursuant to
      a
      debenture in substantially the same form as the First Ranking Debenture - Fixed
      and Floating Charge attached as Exhibit C to the Loan Agreement and pursuant
      to
      any IP Security Agreement required under the Loan Agreement. Additionally,
      the
      Parent shall absolutely, continually, unconditionally and irrevocably guarantee
      the prompt and full performance by the Subsidiary of the Subsidiary's payment
      obligations under this Letter Agreement pursuant to a personal guaranty in
      substantially the same form as the Guaranty attached as Exhibit D to the Loan
      Agreement. We hereby acknowledge and agree that the security interests granted
      by any one of you pursuant to this Section 7 and any security documents
      referenced herein shall rank equally with the security interests granted by
      any
      one of you pursuant to the Loan Agreement and Security Documents. This Letter
      Agreement together with any security documents referenced in this Section 7
      shall collectively be referred to hereunder as the "Transaction
      Documents".

    

    8. The
      occurrence of any one or more of the following events shall constitute an Event
      of Default under this Letter Agreement:

    

    (a)  The
      Subsidiary shall not have made payment of (i) principal of amount due hereunder
      when due, or (ii) interest on any principal of amount due hereunder, or (iii)
      any other monetary obligations under any of the Transaction
      Documents
      (as
      defined above) for five (5) Business Days or more after the same
      shall have become due and payable.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        IXI
          Mobile

        June
          19,
          2006

        Page
          4

      

    

    

    

    (b) The
      breach by the Subsidiary (other than a breach which constitutes an Event of
      Default under Section 8(a) above) of any of the terms or provisions of the
      Transaction Documents or the breach by ITAC of any of the representations,
      warranties, terms or provisions of the ITAC Certification, which is not remedied
      within fifteen (15) Business Days after written notice from us.

    

    You
      agree
      that upon the occurrence of an Event of Default (as defined above) we shall
      be
      entitled to all the rights and remedies set forth in Article IX of the Loan
      Agreement, provided that if the Subsidiary is also in default under the Loan
      Agreement such rights and remedies and the Collateral shall be subject to the
      control of the Lenders pursuant to the Intercreditor Agreement in the form
      attached hereto as Exhibit
      B.
      

    

    9. By
      your
      signature below you hereby represent and warrant to us that you have all
      requisite power and authority to execute, deliver and perform the Transaction
      Documents (to the extent you are a party thereto) and to consummate the
      transactions contemplated hereby and thereby. The execution, delivery and
      performance of the Transaction Documents by you (to the extent you are a party
      thereto), the fulfillment of and the compliance by you with the terms and
      provisions hereof and thereof and the due consummation of the transactions
      contemplated hereby and thereby, have been duly and validly authorized by all
      necessary action on your part. To the extent you are a party to any of the
      Transaction Documents, the Transaction Documents when executed and delivered
      by
      you, will constitute valid and legally binding obligations of you, enforceable
      in accordance with their terms except as limited by applicable bankruptcy,
      insolvency, reorganization, moratorium, fraudulent convey-ance, and other laws
      of general application affecting enforcement of creditors’ rights generally, and
      as limited by laws relating to the availability of specific performance,
      injunctive relief or other equitable remedies.

    

    10. Each
      one
      of us, hereby, severally and not jointly, represents and warrants to you as
      follows:

    

    (a) Each
      one
      of us has all requisite power and authority to execute, deliver and perform
      the
      Transaction Documents and to consummate the transactions contemplated hereby
      and
      thereby. The execution, delivery and performance of the Transaction Documents
      by
      each of us, the fulfillment of and the compliance with the respective terms
      and
      provisions hereof and thereof and the due consummation of the transactions
      contemplated hereby and thereby, have been duly and validly authorized by all
      necessary action on the part of each one of us. The Transaction Documents,
      when
      executed and delivered by each one of us, will constitute valid and legally
      binding obligations of each one of us, enforceable in accordance with their
      terms except as limited by applicable bankruptcy, insolvency, reorganization,
      moratorium, fraudulent convey-ance, and other laws of general application
      affecting enforcement of creditors’ rights generally, and as limited by laws
      relating to the availability of specific performance, injunctive relief or
      other
      equitable remedies.

    

    (b) This
      Letter Agreement is made with each one of us in reliance upon each our
      representation to the Company (to the extent any one of us is entitled to any
      equity securities of the Company) and to ITAC (to the extent any one of us
      is
      entitled to any equity securities of ITAC), which by each our execution of
      this
      Letter Agreement each one of us hereby confirms, that, for so long as the ITAC
      Stock, the ITAC Warrants, the shares of Common Stock issuable upon exercise
      of
      the ITAC Warrants, the shares of Optional Conversion Stock and any shares of
      Common Stock issuable upon conversion Optional Conversion Stock (if applicable)
      (collectively, the "Securities")
      are not
      covered by an effective registration statement under the Securities Act of
      1933,
      as amended (the "Securities
      Act"),
      each
      one of us will be acquiring the Securities for its own account, for investment
      and not with a view to the distribution of any part thereof, nor with any
      intention of distributing the same of any part thereof. By
      executing this Letter Agreement, each one of us further represents that it
      does
      not presently have, and will not enter into, any contract, undertaking,
      agreement or arrangement with any person to sell, transfer or grant
      participation to such person or to any third person, with respect to any of
      the
      Securities and such party has not been formed for the specific purpose of
      acquiring such Securities.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        IXI
          Mobile

        June
          19,
          2006

        Page
          5

      

    

    

    

    (c) Each
      on
      of us understands that the Securities have not been nor will they be registered
      under the Securities Act by reason of their issuance or potential issuance
      in a
      transaction exempt from the registration requirements of the Securities Act,
      and
      that they must be held indefinitely unless a subsequent disposition thereof
      is
      registered under the Securities Act or is exempt from registration. Each on
      of
      us recognizes that because of these restrictions such party will have to bear
      the economic risk of part of such party’s investment for an indefinite period of
      time. Each one of us has adequate means for providing for its financial needs
      and personal contingencies and has no need for liquidity in its
      Securities.

    

    (d) Each
      on
      of us understands that the exemption from registration afforded by Rule 144
      (the
      provisions of which are known to such Lender) promulgated under the Securities
      Act depends on the satisfaction of various conditions and that, if applicable,
      Rule 144 may only afford the basis for sales under certain circumstances and
      only in limited amounts. 

    

    (e) Each
      on
      of us has had a reasonable time prior to the date hereof to ask questions and
      receive answers concerning the terms and conditions of the offering (or
      potential offering) of the Securities, as well as the business, properties,
      prospects and financial condition of the Company and of ITAC, and to obtain
      any
      additional information which the Company or ITAC possesses or could acquire
      without unreasonable effort or expense, and has generally such knowledge and
      experience in business and financial matters and with respect to investments
      in
      securities of privately held companies as to enable it to understand and
      evaluate the risks of such investment and form an investment decision with
      respect thereto. In addition, Each on of us represents that it has received
      all
      the information it requested for deciding whether to purchase the Securities.
      In
      addition, each on of us is able to bear the economic risk of the transaction
      contemplated by this Letter Agreement.

    

    (f) Each
      on
      of us is an “accredited investor,” as such term is defined in Rule 501 (the
      provisions of which are known to such Lender) promulgated under the Securities
      Act.

    

    (g) No
      Person
      acting on behalf or under the authority of any one of us is or will be entitled
      to any broker’s, finder’s, or similar fee or commission in connection with the
      transactions contemplated hereby.

    

    (h) It
      is
      understood that the Securities may bear a legend in substantially the form
      set
      forth below and any other legend required by any Blue Sky Laws or other laws
      of
      any state of the United States to the extent such laws are applicable to the
      securities represented by the certificate so legended:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        IXI
          Mobile

        June
          19,
          2006

        Page
          6

      

    

    

    

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “ACT"), OR UNDER ANY STATE SECURITIES
      LAWS. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND MAY
      NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED
      WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF
      COUNSEL (OR WRITTEN WAIVER THEREOF FROM THE ISSUER) IN A FORM REASONABLY
      SATISFACTORY TO THE ISSUER THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE
      WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS."

    

     

    The
      Company or ITAC (as the case may be) need not register a transfer of such
      legended securities, and may also instruct its transfer agent not to register
      the transfer of such legended securities, unless the conditions specified in
      the
      foregoing legends are satisfied.

    

    11. This
      Letter Agreement may be executed in two (2) or more counterparts, each of which
      shall be deemed an original, but all of which together shall constitute one
      and
      the same instrument. The parties agree that facsimile signatures shall be
      binding.

    

    12. All
      notices required or permitted hereunder shall be in writing and shall be deemed
      effectively given: (a) upon personal delivery to the party to be notified,
      (b) when sent by confirmed facsimile if sent during normal business hours
      of the recipient, if not, then on the next business day of the recipient,
      (c) five (5) days after having been sent by registered or certified mail,
      return receipt requested, postage prepaid, or (d) one (1) day after deposit
      with a nationally recognized overnight courier, specifying next day delivery,
      with written verification of receipt. All communications shall be sent the
      party's address set forth in the header of this Letter Agreement or at such
      other address as any party may designate by ten (10) days advance written notice
      to the other parties hereto. Copies of all notices to the Company shall also
      be
      sent to Alon Sahar, Esq., Herzog, Fox & Neeman, 4 Weizmann Street, Tel Aviv
      64239, Israel (fax: +972 (3) 69666464).

    

    13. Any
      term
      of this Letter Agreement may be amended and the observance of any term of this
      Letter Agreement may be waived (either generally or in a particular instance
      and
      either retroactively or prospectively), only with the written consent of all
      the
      parties hereto.

    

    14. The
      Transaction Documents contain the entire understanding of the parties with
      respect to the subject matter hereof and supersede all prior agreements and
      understandings among the parties with respect to such subject
      matter.

    

    15. This
      Letter Agreement and the Loan Agreement (to the extent it applies to the
      undersigned under the terms of this Letter Agreement) shall be governed by
      and
      construed under the laws of the State of Israel, exclusive of the provisions
      thereof governing conflicts of laws.

    

    

    

    Sincerely,

    

    

    [Signature
      Page Follows]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        IXI
          Mobile

        June
          19,
          2006

        Page
          7

      

    

    

    
      	 	
              GEMINI
                ISRAEL III LIMITED PARTNERSHIP,

            
	 	
              by
                its general partner Gemini Capital Associates III L.P.,

              by
                its general partner Gemini Israel Funds Ltd.

            
	 
	 	 	 
	 	
              By:
                /s/
                David Cohen 

            	
              /s/
                Yosi Sela 

            
	 	
              Name:
                David Cohen 

            	
              Yosi
                Sela

            
	 	
              Title:
                CFO, GP

            	
              Managing
                Partner

            
	 	 	 
	 	
              GEMINI
                ISRAEL III PARALLEL FUND LIMITED PARTNERSHIP,

            
	 	
              by
                its general partner Gemini Capital Associates III, L.P.

              by
                its general partner Gemini Israel Funds Ltd.

            
	 
	 	 	 
	 	
              By:/s/
                David Cohen 

            	
              /s/
                Yosi Sela 

            
	 	
              Name:
                David Cohen 

            	
              Yosi
                Sela

            
	 	
              Title:
                CFO, GP

            	
              Managing
                Partner

            
	 	 	 
	 	
              GEMINI
                ISRAEL III OVERFLOW FUND LIMITED PARTNERSHIP,

              by
                its general partner Gemini Capital Associates III L.P., by its general
                partner Gemini Israel Funds Ltd.

            
	 
	 	 	 
	 	
              By:
                /s/
                David Cohen 

            	
              /s/
                Yosi Sela 

            
	 	
              Name:
                David Cohen 

            	
              Yosi
                Sela

            
	 	
              Title:
                CFO, GP

            	
              Managing
                Partner

            
	 	
              GEMINI
                PARTNER INVESTORS LIMITED PARTNERSHIP.by its general partner Gemini
                Israel
                Funds Ltd.

            
	 	 	 
	 	
              By:
                /s/
                David Cohen 

            	
              /s/
                Yosi Sela 

            
	 	
              Name:
                David Cohen 

            	
              Yosi
                Sela

            
	 	
              Title:
                CFO, GP

            	
              Managing
                Partner

            
	 	
              LANDA
                VENTURES LTD.

            	 
	 	
              By:
                /s/
                B. Landa

            	 
	 	
              Name:
                B. Landa 

            	 
	 	
              Title:
                Chairman

            	 
	 	 	 
	
              AGREED
                AND ACCEPTED:

            	
              AGREED
                AND ACCEPTED:

            	 
	 	 	 
	
              IXI
                Mobile, Inc.

            	
              IXI
                Mobile (R&D) Ltd.

            	 
	 	 	 
	
              By:
                /s/
                Amit Haller

            	
              By: /s/
                Gideon Barak

            	 
	
              Name:
                Amit Haller

            	
              Name:
                Gideon Barak

            	 
	
              Title:
                Chief Executive Officer

            	
              Title:
                Chairman 

            	 

    

    [Signature
      Page to Gemini - Landa - IXI Letter Agreement]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      I

    

    Allocation
      of ITAC Stock

    

    
      	
              Name
                of Entity

            	 	
               %

            	 	
              Amount
                Guaranteed

            	 	
              Number
                of ITAC Stock

            	 
	
              Gemini
                Israel III LP

            	 	 	
              45.00

            	
              %

            	 	
              3,600,377

            	 	 	
              108,011

            	 
	
              Gemini
                Partners Investors LP

            	 	 	
              0.54

            	
              %

            	 	
              43,042

            	 	 	
              1,291

            	 
	
              Gemini
                Israel III Parallel Fund LP

            	 	 	
              8.20

            	
              %

            	 	
              656,381

            	 	 	
              19,692

            	 
	
              Gemini
                Israel III Overflow Fund LP

            	 	 	
              9.25

            	
              %

            	 	
              740,200

            	 	 	
              22,206

            	 
	
              Landa
                Ventures Ltd.

            	 	 	
              37.00

            	
              %

            	 	
              2,960,000

            	 	 	
              88,800

            	 
	
              Total

            	 	 	
            	 	 	
              8,000,000

            	 	 	
              240,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]