Document:

Exhibit 10.15

                             MASTER PROMISSORY NOTE

$600,000                                                        Phoenix, Arizona
--------                                                        August 1, 2000

FOR VALUED RECEIVED, and legally bound hereby, INNSUITES HOSPITALITY TRUST
("Maker"), an Ohio real estate investment trust, having an office at 1625 East
Northern Avenue, Suite 201, Phoenix, Arizona 85020 hereby promises to pay to the
order of James Wirth ("Payee"), 5700 East Glen Drive, Paradise Valley, Arizona
85253 or a such other place as the holder hereof may from time to time designate
in writing, the principal sum of SIX HUNDRED THOUSAND AND 00/100 DOLLARS
($600,000), with interest on the unpaid principal balance thereon from time to
time outstanding, at the rate of seven percent (7.00%) per annum, computed on a
three hundred sixty (360)-day year, to be due and payable in installments of
principal and interest as follows:

     (A)  Commencing on May 15, 2001, one annual payment of accrued but unpaid
          interest on the outstanding principal balance hereunder; and On May
          15, 2001 (the "Maturity date"), one payment in the amount of the then
          unpaid principal balance hereunder and all sums and charges due and
          unpaid by Maker (collectively, the "Note").

Payments shall be applied first to any charges or sums (other than principal and
interest) due and payable by Maker, second to accrued and unpaid interest on the
principal balance hereof, and then to further reduce the principal balance of
this Note.

This Master Note consists of the following four separate Promissory Notes, each
of which has been "rolled" into this $600,000 Master Promissory Note.

1.       $200,000   Dated June 14, 1999
2.       $120,000   Dated July 27, 1999
3.       $ 30,000   Dated August 17, 1999
4.       $250,000   Dated October 12, 1999
         --------
Total    $600,000

Maker shall give the right any time during the term of this Note to repay all or
part of the unpaid principal amount of the Note, together with any accrued and
unpaid interest thereon any other sums or charges due hereunder without any
prepayment premium or penalty.

Maker hereby waives for itself and, to the fullest extent not prohibited by
applicable law, for any subsequent lienor, any right Maker may now or hereafter
have under the doctrine of marshaling of assets or otherwise which would require
Payee to proceed against certain property before proceeding against any other
property.

<PAGE>

Maker hereby agrees that in the event part of principal or interest is not paid
when due or the entire Note is not paid when due, then the rate of interest on
this Note shall, at the election of Payee upon ten (10) days prior written
notice, each of which is hereby expressly waived, be increased to nine and
00/100 percent (9.00%) per annum or the highest rate for which the parties may
agree under applicable law, whichever is less (the "Default Rate"). Maker shall
be obligated thereafter to pay interest on the then unpaid principal balance of
the Note at the Default Rate, both before and after judgment, to be computed
from the due date through and including the date of actual receipt of the
overdue payment, whether a payment of interest or the entire Note. Nothing
herein shall be construed as an agreement or privilege to extend the date of the
payment or any installment of or the entire Indebtedness, or as a wavier of any
other right or remedy accruing to Payee.

In the event that any regular payment of interest herein provided shall not be
received by Payee on the date such payment is due, Payee shall have the right to
assess Maker a late payment charge in the amount of two percent (2.0%) of such
overdue quarterly installment, which shall become immediately due to Payee for
the additional cost agreed compensation to Payee for the additional costs and
expenses reasonable expected to be incurred by Payee by reason of such
nonpayment. Maker acknowledges that the exact amount of such cost and expenses
may be difficult, if not impossible, to determine with certainty, and further
acknowledges and confesses the amount of such charge to be a consciously
considered, good faith estimate of the actual damage to Payee by reason of such
default. The Default Rate will only accrue for periods of delinquent
installments except for such when Payee accepts late payments of installments
accompanied by a late payment charge as specified above.

Upon any of the following Events of Default, at the election of Payee, the
entire unpaid principle balance of the Note, together with all accrued but
unpaid interest thereon at the Default Rate and all other sums or changes due
hereunder, shall become due and payable:

          (a)  Maker's failure to pay when due any installment required to be
               paid hereunder, on or before the tenth (10th) day following the
               applicable due date;

          (b)  Maker's failure to pay when due any other payment required to be
               under this Note, subject to any notice and applicable grace
               period, if any;

          (c)  Maker's breach of any other covenant or agreement herein and such
               breach remains uncorrected at the expiration of any applicable
               grace period expressly provided for herein;

          (d)  Any creditor's proceeding in which Maker consents to the
               appointment or a receiver or trustee for any of its property;

                                      -2-
<PAGE>

          (e)  if any order, judgment or decree shall be entered, without the
               consent of Maker, upon an application of a creditor approving the
               appointment of a receiver or trustee for any of its property, and
               such order, judgment, decree, or appointment is not dismissed or
               stayed with an appropriate appeal bond within sixty (60) days
               following the entry or rendition thereof; or

          (f)  if Maker (i) makes a general assignment for the benefit of
               creditors, (ii) fails to pay its debts generally as such debts
               become due, (iii) is found to be insolvent by a court of
               competent jurisdiction, (iv) voluntarily files a petition in
               bankruptcy or a petition or answer seeking readjustment of debts
               under any state or federal bankruptcy or like law, or (v) any
               such petition is filed against Maker and is not vacated or
               dismissed within sixty (60) days after filing thereof.

Notice of such election by Payee is hereby expressly waived as part of the
consideration for this loan. Nothing contained herein shall be construed to
restrict the exercise of any other rights or remedies granted to Payee hereunder
upon the failure of Maker to perform any provision hereof.

If this Note is not paid when due, whether at maturity or by acceleration, Maker
promises to pay all costs incurred by Payee, including without limitation
reasonable attorney's fees to the fullest extent not prohibited by law, and all
expenses incurred in connection with the protection or realization of any
collateral, whether or not suit is filed hereon or on any instrument granted a
security interest.

Maker hereby expressly acknowledges and represents that the indebtedness
("Note") is for a business purpose and not consumer or household purposes.

Maker hereby waves demand, presentment for payment, protest, notice of protest,
notice of non-payments and any and all lack of diligence or delays in collection
or enforcement of this Note, and expressly consents to any extension of time of
payment hereof, release of any party primarily or secondarily liable hereunder
or any of the security for this Note, acceptance of other parties to be liable
for any of the Note or of other security therefore, or any other indulgence or
forbearance which may be made, without notice to any party and without in any
way affecting the liability of any party.

No failure by Payee to exercise any right hereunder shall be construed as a
waiver of the right to exercise the same or any other right any time or from
time to time thereafter.

                                      -3-
<PAGE>

This Note shall be construed and enforced according to, and governed by the laws
of the State of Arizona.

Any notice required hereunder shall be in writing, and shall be given to the
receiving party the notice by personal delivery or by certified mail, postage
prepaid, return receipt requested, as follows:

     if to Payee, then addressed to Payee at 5700 East Glen Drive, Paradise
Valley, Arizona 85253, (Tel.(602) 596-0224, Fax (602) 596-0225), with a copy to
James W. Reynolds, Esq., Dillingham Cross, P.L.C., 5080 North 40th Street, Suite
335, Phoenix, Arizona 85018, (Tel.(602) 468-1811, Fax (602) 468-0442);

     if to Maker, then addressed to maker at 1625 East Northern Avenue, Suite
201, Phoenix, Arizona 85020, Attn: President, (Tel.(602) 944-1500, Fax (602)
678-0281) with a copy to James B. Aronoff, Esq., Thompson Hine & Flory, LLP,
3900 Key center, 127 Public Square, Cleveland, Ohio 44114 (Tel.(216) 566-5500,
Fax (216) 566-5800).

Any party may, be given notice in writing or designate another address as a
place for service of notice. Such notices shall be deemed to be received when
delivered, if delivered in person, or seven (7) business days after deposited in
the United States mails, if mailed as herein above provided.

 By acceptance of this Note, Payee covenants and agrees that, upon payment in
full of the then unpaid principal balance of this Note, together with all unpaid
interest and other sums payable to Payee under this Note, (a) Note shall be
fully satisfied, (b) Payee shall promptly mark this Note as being paid in full,
satisfied and discharged and shall return the same to Maker.

                                            INNSUITES HOSPITALITY TRUST,
                                            an Ohio real estate investment trust

                                            By: /s/ Marc E. Berg
                                               ---------------------------------
                                                Name:  Marc E. Berg
                                                Title: Executive Vice-PresidentPERSONAL EMPLOYMENT AGREEMENT

THIS  AGREEMENT  (the  "Agreement")  is  made  and  entered into this 2nd day of
September, 2000, by and between Net2Wireless Israel Ltd. a corporation organized
and existing under the laws of the state of Israel (the "Company"), and Nechemia
Davidson  (I.D.  No.  057175945)  (the  "Executive").

WHEREAS  the Company wishes to employ the Executive, and the Executive agrees to
be  employed  by  the  Company;  and

WHEREAS  the  parties wish to regulate their relationship in accordance with the
terms  and  conditions  set  forth  in  this  employment  agreement;
NOW,  THEREFORE,  in  consideration  of the mutual premises, covenants and other
agreements  contained  herein,  the  parties  hereby  agree  as  follows:

1.     The  Position

     1.1.     The  Company hereby employs the Executive and the Executive hereby
agrees  to  be  employed  by the Company in the position of the president of the
Company  (the  "President")  and  if  so  required  by  the  Company's  Board of
Directors,  as  a  chief executive officer (a "CEO") of Net2Wireless Corporation
("Net2Wireless  Corporation").  The  foregoing  shall  not  derogate  from  the
Company's  right  to  determine  that  the  Executive  shall  serve in any other
position in the Company and/or in Net2Wireless Corporation, as shall be mutually
agreed  upon  by  the  Executive  and the Company. The Executive shall carry his
office  faithfully  and  devotedly,  in  accordance  with  the objectives of the
Company,  as  they are defined by the Company's Board of Directors, from time to
time.

     1.2.     It  is  hereby  acknowledged  and  agreed that the position of the
Executive  in  the  Company  is a senior one and/or requires a special degree of
trust  and/or  is  one in which working hours cannot be supervised; accordingly,
the  provisions of The Work and Rest Hours Law, 1951 (the "Rest Hours Law"), and
the regulations promulgated hereunder, concerning separate and/or additional pay
for overtime or for working weekends or on national holidays, shall not apply to
this  Agreement  and  to  the  Executive's  employment  hereunder.

1.3.     The  Executive  acknowledges  and agrees that the compensation provided
for  in  Section  3  of  this  Agreement  constitutes  proper,  fair  and  just
remuneration  for  the  requirements  and  responsibilities  of  the Executive's
position  and  his  obligation  to  work  at  irregular  hours.

1.4.     The  Executive  acknowledges and agrees that the Salary (as hereinafter
defined) has been determined in such a manner as to include any and all payments
to  which  he  is  entitled  for his employment hereunder, including payments to
which  the  Executive  would have otherwise been entitled had The Rest Hours Law
been applicable to the Executive's employment hereunder, and the Executive shall
not  be  entitled  to any additional bonus, payment or other compensation, other
than  as provided herein, for working more than forty-three (43) hours per week.
In  the  event  that  the  Executive,  at  any  time,  requests  any  additional
compensation  from  the Company in respect of his Employment hereunder under the
provisions of the Rest Hours Law, the Salary shall then retroactively be reduced
by  the  amount so claimed by the Executive so that all monthly payments payable
to  the  Executive  as  of  that  date  shall  not  exceed  the  Salary.

2.     Executive's  Duties

     2.1.     During  the Executive's employment with the Company, the Executive
shall  have  the  authority,  functions,  duties  and  responsibilities normally
associated  with such position and as from time to time may be prescribed by the
Board  of  Directors.

     2.2.     During the term of this Agreement, the Executive shall perform and
discharge well and faithfully his office and obligations under his position with
the  Company and/or Net2Wireless Corporation and all duties that may be assigned
to  him  by the Company from time to time in accordance with this Agreement, and
shall  report  to  the  Board  of  Directors.

2.3.     The  Executive  hereby  undertakes  to comply with all of the Company's
disciplinary  regulations,  work  rules, policies, procedures and objectives, as
may  be  issued  by  the  Company  from  time  to  time.

2.4.     The  Executive  is aware that, in the course of carrying out his duties
hereunder,  he  will  be  required  from  time  to time to travel abroad, and he
undertakes  to  do  so.

2.5.     The  Executive  shall  devote  his entire working time, energy, talent,
working  knowledge,  experience, and best efforts to the business and affairs of
the  Company  and  to  the  performance  of  his  duties  hereunder.

2.6.     The  Executive shall not assume any employment obligations unrelated to
the  Company and/or Net2Wireless Corporation (and/or any subsidiary thereof) and
shall  not  be retained as a consultant or advisor or contractor (whether or not
compensated therefor) to any other business without the prior written consent of
the  Company's  Board  of  Directors.

2.7.     Notwithstanding  anything  contained in this Agreement to the contrary,
the  parties  hereto  agree  that  the Executive shall be entitled to serve as a
non-executive  Director  on  the  Board of Directors of other companies provided
such  companies  do  not  compete with the Company, Net2Wireless Corporation and
their  subsidiaries  or  affiliates.

3.     Compensation

     3.1.     The  Company shall pay the Executive a monthly gross salary of NIS
165,448  (one  hundred  sixty five thousand four hundred forty eight New Israeli
Shekels)  (hereinafter  the  "Salary").

     3.2.     The  Salary  shall  be  payable  on  the  first  (1st)  day of the
consecutive  calendar  month following the calendar month of employment to which
the  payment  relates.

     3.3.     Unless  otherwise  agreed upon between the parties the Salary will
increase  each  year  in  the  rate  of  10%  (ten  percent).

3.4.     The  Salary  shall be adjusted on a monthly basis according to the Cost
of  Living  Index  increase or the change in the exchange representative rate of
the  United  States  Dollar against the New Israeli Shekel, whichever is higher,
but  in  no  event shall the Salary be less than the Salary during the preceding
month.  For  the purpose of computing said adjustment the basis will be the Cost
of  Living  Index  or  the representative rate of exchange of the US Dollar last
known  on  September  01,  2000,  as  the  case  may  be.

3.5.     Israeli  income  tax  and other applicable withholdings with respect to
the  Salary  and/or  all  other  payments  to  the Executive hereunder, shall be
deducted  by  the  Company  at  source  from  the  Salary  and/or all other such
payments,  which  are  subject  to  withholding.

3.6.     The Salary and/or any adjustments thereto may be payable by the Company
or  by  Net2Wireless  Corporation  or  a  subsidiary or another affiliate of the
Company,  at  the  Company's  discretion.

3.7.     The  Salary  shall  serve as the basis for deductions and contributions
for all fringe benefits, including managers' insurance policy and advanced study
fund  (keren  hishtalmut),  and  for  the  calculation  of  all social benefits.

3.8.     Bonus.  If at the end of any fiscal year during the Initial Term and/or
any  of  the  Renewal  Terms  (each,  as  hereinafter  defined)  Net2Wireless
Corporation's consolidated post tax profit will be higher than $0, the Executive
will  be  entitled  to  a  bonus  equal  to  2.5%  of Net2Wireless Corporation's
consolidated  post  tax profit (the "Bonus"). Each year the Company will pay the
Bonus,  if  any,  to  the  Executive  within  30  day from the date Net2Wireless
Corporation  publishes  its  annual  financial  reports.

4.     Social  and  Fringe  benefits

     4.1.     Managers'  Insurance

     Unless specified otherwise, during the term of the Executive's employment
hereunder:

     4.1.1.     The  Company  shall contribute an aggregate monthly amount equal
to  13.33% of the Salary as premium on a Managers' Insurance (Bituach Menahalim)
policy  (the  "Managers'  Insurance  Policy") acceptable to the Executive, which
contributions  shall  be  allocated as follows: 8.33% towards Severance pay (the
"Company's  Severance  Contribution  Component")  and  5%  towards  compensatory
payments.  In  addition, the Executive shall contribute, and for that purpose he
hereby  irrevocably  authorizes  and  instructs  the  Company to deduct from his
Salary  at source, an aggregate monthly amount equal to 5% of the Salary to such
Managers'  Insurance  Policy  as  the  Executive's  premium  in  respect  of the
compensation  component  of  that Managers' Insurance Policy. Subject to Section
4.1.4  below,  the  Company  shall  be the owner of all rights in such manager's
insurance  policies,  and  the  Executive  shall  be  the  beneficiary  thereof.

     4.1.2.     In  addition,  the Company shall contribute an aggregate monthly
amount  equal  to up to 2.5% of the Salary as premiums on a disability insurance
policy.

4.1.3.     The  Company  will bear any and all taxes applicable to the Executive
in  connection  with  amounts  paid  by  the Executive and/or the Company to the
Managers'  Insurance  Policy  and/or said disability insurance policy under this
Section  4.1,  including such amounts which exceed the amounts exempted from tax
under  the  income tax regulations applicable to payments to Managers' Insurance
Policy.

4.1.4.     Upon  termination  of  the  Executive's employment hereunder, for any
reason  whatsoever  other  than Termination for Cause (as hereinafter defined in
Section  11  below),  the  Company shall transfer the ownership of the Managers'
Insurance  Policy  to  the  Executive,  in  accordance with the terms stipulated
therein,  provided,  however,  that in the event of Termination for Cause, then,
without  derogating  from any right of the Company under any applicable law, the
Executive  shall  not  be entitled to, and the Company shall not transfer to the
Executive  the  ownership  in the Company's Severance Contribution Component and
any  proceeds in respect thereof and/or any severance pay to which the Executive
may  otherwise  be  entitled  under  any  applicable  law.

     4.2.     Advanced  Study  Fund

     4.2.1.     The  Company  shall contribute an aggregate monthly amount equal
to  7.5%  of  the  Salary towards an advanced study fund (Keren Hishtalmut) (the
"Advanced  Study  Fund").

     4.2.2.     The  Executive  shall contribute, and for that purpose he hereby
irrevocably  authorizes  and  instructs the Company to deduct from his Salary at
source,  an  aggregate  monthly  amount  equal  to  2.5%  of  the  Salary as the
Executive's  participation  in  such  Advanced  Study  Fund.

     4.2.3.     The  Company  will  bear  any  and  all  taxes applicable to the
Executive in connection with amounts payable by the Executive and/or the Company
to  the Advanced Study Fund under this Section 4.2, including such amounts which
exceed the amounts exempted from tax under the income tax regulations applicable
to  payments  to  Advanced  Study  Fund.

     4.3.     Recreation  Pay  (Dmey  Havra'ah)

     The Executive shall be entitled to annual recreation pay (Dmey Havra'ah) in
an amount to be determined in accordance with Israeli regulations as in effect
from time to time with respect to such pay.

     4.4.     Company  Car

     4.4.1.     The  Company shall provide the Executive with a Company car (the
"Company  Car")  to  be placed at the Executive's disposal, for his business and
personal  use  and  for the use of the members of his immediate family (i.e. the
Executive's  parents,  children,  spouse  and/or  sibling),  provided  that  the
Company's  procedures in respect thereof are followed. Such Company Car shall be
of  a  make  and size customarily provided to executives in positions similar to
that  of the Executive by companies in a stage of development similar to that of
the  Company.

     4.4.2.     The  Company  shall bear the fixed and ongoing expenses relating
to  the  Company  Car  and  to  the use and maintenance thereof, excluding those
arising  due to violations of law, and subject to income tax regulations and the
provisions  of  any  applicable  law.

4.4.3.     The  Executive  shall  bear  and  pay  all  expenses  relating to any
violation  of  law  by  the Executive and/or by any said member of his immediate
family  while  using  the  Company  Car.

4.4.4.     The  Executive  shall  take  good care of such Company Car and ensure
that  the provisions of the insurance policy and the Company's rules relating to
the  Company  Car  are  strictly,  lawfully  and carefully observed and that the
Company  Car  is  properly  maintained.

4.4.5.     Following  the  termination  of  the  Executive's employment with the
Company  and  upon  the  Company's first request, the Executive shall return the
Company  Car  (together  with  its  keys and any other equipment supplied and/or
installed  therein  by  the  Company)  to  the  Company's  principal office. The
Executive  shall  not  have  any  rights of lien with respect to the Company Car
and/or  any  of  said  other  equipment.

4.4.6.     The value of the monthly use of the Company Car shall be added to the
Salary,  in  accordance  with  the income tax regulations applicable thereto, as
straightforward  income, and the Company shall bear any and all taxes applicable
to  Executive  in  connection  with  said  Company  Car  and  the  use  thereof.

     4.5.     Vacation

     4.5.1.     The  Executive  shall  be  entitled  to  paid annual leave of 25
(twenty  five) working days per each 12 (twelve) month period of the Executive's
employment  hereunder.

     4.5.2.     Each  such leave shall be coordinated with the Company and taken
with  adequate  regard  for  the  needs  of  the  Company.
4.5.3.     Any  leave days remaining unused at the end of any 12 (twelve) months
period may redeemable by the Company and/or accrued for use only during the next
succeeding  12  (twelve)  month  period of the Executive's employment hereunder,
after  which  period  the  right  to  use  or  redeem  the  same  shall  expire.

     4.6.     Sick  Leave

     The Executive shall be entitled to sick leave in accordance with the
provisions of the Sickness Pay Law, 1976.

5.     Options

     In light of the Executive's material contribution to the Company's and
Net2Wireless Corporation's business activities:

     5.1.     The  Executive  is hereby granted, for no additional cost, options
(the  "Options")  to purchase up to 1,200,000 (one million two hundred thousand)
shares  of  Common Stock of Net2Wireless Corporation (the "Option Shares"), at a
price  per share of US$32.00 each (the "Exercise Price"), subject to the vesting
schedule  set  forth  in  Section  5.1.1  below.

     5.1.1.     The  Options shall vest over a period of 2 (two) years according
to  the  following  vesting  schedule:

     (i)     400,000 (four hundred thousand) Option Shares shall vest on the
date hereof;

     (ii)     Additional 400,000 (four hundred thousand) Option Shares shall
vest on the first anniversary of the date hereof;

(iii)     Additional 400,000 (four hundred thousand) Option Shares shall vest on
the second anniversary of the date hereof;

     5.1.2.     The  Option Shares shall be exercisable for a period of 10 (ten)
years  commencing  on  the respective vesting date of each portion of the Option
Shares  (the  "Option  Period").

     5.1.3.     Upon  termination  of  employment  for  any  reason  other  than
Termination  for  Cause,  the Executive shall be entitled to exercise any or all
Option  Shares  which  shall  have  become vested within 90 (ninety) days of the
effective  date  of  termination  and to the extent that he has not so exercised
said  vested  Option  Shares they shall terminate upon the expiration of said 90
(ninety)  day  period.

     5.2.     In  addition  to  the  foregoing,  in  the  event  that the Market
Valuation (as specified hereunder) of Net2Wireless Corporation shall increase by
one  billion  US  Dollars or more following the closing of the Merger, then, the
Executive  shall  be  granted  additional  options  immediately  vested  (the
"Additional  Options")  to  purchase  180,000  (one  hundred  eighty  thousand)
additional  shares  of Common Stock of Net2Wireless Corporation (the "Additional
Option  Shares")  for  each  increase  of  one  billion US Dollars in the Market
Valuation  (which shall be attributed to the Surviving Entity (as defined below)
following  the  Merger  (as  defined  below)), provided the number of Additional
Option Shares shall not exceed 1,800,000 (one million eight hundred thousand) in
the  aggregate.  The  exercise price per share shall equal the Fair Market Value
(as  defined  in  section 5.4 hereunder) of such Additional Option Shares at the
date of grant. The Additional Option Shares shall be exercisable for a period of
10 (ten) years commencing on the date of each grant pursuant to this Section 5.2
(the  "Additional  Option  Period").

     5.3.     Notwithstanding  anything contained herein to the contrary, in the
event  that  the entity surviving the transaction (the "Merger") contemplated by
the  agreement  signed  by Net2Wireless Corporation and Sensar Corporation as of
December  8, 1999, as amended, (the "Surviving Entity") shall merge with or into
any other unaffiliated entity (other than a merger in which the Surviving Entity
is  the  surviving  corporation) all Option Shares and Additional Option Shares,
whether  or  not  vested,  shall  vest  immediately  in  their entirety upon the
consummation  of the said merger and shall become exercisable. Executive will be
entitled  to exercise all such vested Option Shares and Additional Option Shares
within  90  (ninety)  days of receipt of notice from the Surviving Entity of the
consummation  of  such  transactions.  All  Option  Shares and Additional Option
Shares  not  so  exercised  within  said  time  period  shall  expire.

     5.4.     The  number of Option Shares and Additional Option Shares issuable
upon the exercise of the Option and the Additional Option and the exercise price
thereof  shall  be subject to adjustment in the event of a distribution of bonus
shares  by Net2Wireless Corporation or the Surviving Entity, as the case may be,
or in the event of a consolidation or subdivision of Net2Wireless Corporation or
the  Surviving  Entity's  share  capital  prior to the end of the Option  Period
and/or  the  Additional Option Period (as applicable). The Option Shares and the
Additional  Option  Shares  may  be  exercised  by  written  notice delivered to
Net2Wireless  Corporation  or  the Surviving Entity, as the case may be, setting
forth  the  number  of  Options  and/or  Additional  Options  being so exercised
together  with  payment  of the exercise price therefor in cash by way of a wire
transfer  of  immediately  available  funds  to  Net2Wireless Corporation or the
Surviving  Entity's  account,  as  the  case  may be, upon a 7 (seven) day prior
written  notice  to  Net2Wireless  Corporation  or  the  Surviving  Entity  (the
"Exercise  Date").

     5.5.     For  the  purpose  of  this Section 5 the term "Fair Market Value"
shall  mean:

     (i)     If the Common Stock or Options are listed on a national securities
exchange or admitted to unlisted trading privileges on such exchange or listed
for trading on the NASDAQ National Market or the NASDAQ Small Cap Market, the
Fair Market Value shall be the average of the last reported sale prices or the
average of the means of the last reported bid and asked prices, respectively of
Common Stock or Options, respectively, on such exchange or market for the 20
(twenty) business days ending on the last business day prior to the Exercise
Date; or

(ii)     If the Common Stock are not so listed or admitted to unlisted trading
privileges and bid and asked prices are not so reported, the Fair Market Value
shall be as determined in good faith by the Board of Directors of Net2Wireless
Corporation or the Surviving Entity, as the case may be.

6.     Confidentiality

     6.1.     The  Executive  shall  regard and retain as confidential, and will
not  divulge  to  any  third  party or use for any unauthorized purposes, either
during  or  after  the  term  of this Agreement, any proprietary or confidential
information  or  know-how  relating  to  or  deriving  from  the business of the
Company,  Net2Wireless  Corporation  and/or  any of their subsidiaries, that the
Executive  has  acquired  during  his  employment  under  this  Agreement, or in
consequence  of  his  employment,  or  related  to  his  employment  under  this
Agreement,  without  the  prior  written  consent  of  the Company, Net2Wireless
Corporation  and/or  any  of  their  subsidiaries,  as  the  case  may  be.

     Confidential Information includes, but is not limited to, information
related to actual or anticipated products, inventions, hardware, software,
methods of manufacture, trade secrets, business plans, customers, suppliers,
finances, and any other data related to the business or affairs of the Company,
Net2Wireless Corporation and/or any of their subsidiaries, as the case may be.
Confidential Information will include written information or oral information in
tangible or intangible form.

     Notwithstanding any of the foregoing, the following information shall not
be deemed Confidential Information: information  which is (i) in the public
domain or falls into the public domain through no breach of this Agreement on
the part of the Executive; (ii) rightfully obtained by the Executive from a
third party not under any obligation of confidentiality to the Company,
Net2Wireless Corporation and/or any of their subsidiaries, as the case may be;
(iii) provided by the Company, Net2Wireless Corporation and/or any of their
subsidiaries, as the case may be, to a third party not under any obligation of
confidentiality; (iv) approved for release by written authorization of the
Company, Net2Wireless Corporation and/or any of their subsidiaries, as the case
may be; or (v) disclosed pursuant to the requirement of any governmental agency,
court, or by operation of law, provided the Company has been furnished with a
prior written notice with respect to such disclosure .

     6.2.     All  documents  and/or  other  tangible  form  of  information,
including,  but  not limited to, notebooks, notes, memoranda, records, diagrams,
blueprints,  bulletins,  formulas,  reports, computer programs and other data of
any  kind coming into the Executive's possession or prepared by the Executive in
connection  with  his employment under this Agreement are the exclusive property
of the Company. The Executive agrees to return to the Company all such documents
and  information  upon  termination  of  this  Agreement unless specific written
consent  is  obtained  from  the  Company  to  release  any  such  records.

7.     Ownership  Rights

     7.1.     Any and all rights, titles and interests in and to all inventions,
improvements,  mask works, discoveries or works, whether or not capable of being
patented  or  copyrighted,  which  the  Executive  may  conceive, make, develop,
author, or work on, in whole or in part, independently or jointly with others in
consequence  of  his  employment  with  the Company or related in any way to the
Company's Business (hereinafter "Proprietary Information") will be vested in the
Company  exclusively,  and  the  Executive  shall not be entitled to any further
right,  compensation  or  reward  in  connection  therewith,  other  than  as
specifically  set  forth  in  this  Agreement.

     7.2.     Without  additional  Salary  or  consideration,  (i) the Executive
hereby  assigns  and  will in the future assign to the Company, and acknowledges
and will in the future acknowledge the Company's full and exclusive ownership of
the  Proprietary Information, and (ii) the Executive shall assist the Company to
obtain  any  legal  protection  on  all such Proprietary Information, and shall,
before  or  after  termination of this Agreement, execute all documents and make
all  other  action legally necessary to vest the Company with full and exclusive
title  to  such  Proprietary  Information  and  to  protect  the  same  against
infringement  by  others.

     7.3.     The Executive will not transfer any Proprietary Information to any
third  party  without  prior written consent of the Company, which consent shall
not  be  withheld  save  for  reasonable  arguments.

8.     Non-Competition  and  Non-Solicitation

     8.1.     The  Executive  hereby covenants with the Company that, throughout
the  term of this Agreement and thereafter during a period of 12 (twelve) months
following the effective date of termination of his employment howsoever arising,
he  will  not,  without  the  prior  written  consent  of  the  Company  and/or
Net2Wireless Corporation (as applicable), engage, directly or indirectly, in any
capacity  whatsoever,  whether  independently  or as an Executive, consultant or
otherwise, through any corporate body or with or through others, in any activity
competing,  directly  or  indirectly,  with the activities of the Company and/or
Net2Wireless  Corporation and/or any of their subsidiaries or affiliates, as the
same  shall  exist  from  time  to  time  during  the term of this Agreement and
thereafter as shall exist at the effective date of termination of his employment
hereunder.

     8.2.     The  Executive  hereby  further covenants with the Company that he
will  not, at any time during the continuance of this Agreement and for a period
of  twelve  (12)  months  following  the  effective  date of termination hereof,
whether on his own account or for others, and whether directly or indirectly, in
any  way  offer,  solicit,  interfere  with  or endeavor to entice away from the
Company,  Net2Wireless  Corporation  and/or  any  of  their  subsidiaries  or
affiliates,  any  person,  firm  or  company with whom the Company, Net2Wireless
Corporation  and/or  any  of  their  subsidiaries  or  affiliates shall have any
contractual  or  commercial  relationship as an Executive, consultant, licenser,
joint  venture,  supplier,  customer,  distributor, agent or other contractor of
whatsoever  nature,  existing  or under negotiation on or prior to the effective
date  of  termination  of  the  Executive's  employment  hereunder.

9.     Indemnification  &  Insurance  Coverage

     9.1.     Throughout  the  term of the Agreement and for a period of six (6)
years  thereafter, the Company will maintain an Officers and Directors Insurance
policy for the Executive, and other insurance coverage on substantially the same
terms and levels that it provides to the Company's senior executive officers, at
the  Company's  sole  expense.  This  insurance  shall cover any and all actions
committed  and/or  omitted  by the Executive, in his capacity as Director and/or
CEO  of  Net2Wireless  Corporation  and  any  subsidiary  of  the  Net2Wirless
Corporation, commencing on the appointment of the Executive as a Director and/or
CEO  of  Net2Wireless  Corporation.

     9.2.     The  Executive  is  not and shall not be liable toward the Company
for  any  losses, claims, damages or liabilities arising from his appointment as
Director  and/or  CEO  of  Net2Wireless  Corporation  and/or  any action  and/or
failure  to act in his capacity as such or from any act or omission performed or
omitted  by the Executive, except for any losses, claims, damages or liabilities
primarily  attributable  to  the  Executive's fraud, gross negligence or willful
misconduct  as  finally  and  irreversibly  determined  by  a court of competent
jurisdiction.

9.3.     The  Company,  to the fullest extent permitted by applicable law, shall
indemnify  and  hold  the  Executive harmless (and his respective successors and
assigns)  against  any  losses,  claims, damages, liabilities, costs or expenses
(including  legal  fees,  judgments and amounts paid in settlement) to which the
Executive  may  become  subject  (i)  by  reason  of  being and/or having been a
Director  and/or CEO of Net2Wireless Corporation, and/or (ii) in connection with
any  matter  arising out of or in connection with this Agreement, unless a court
of  competent  jurisdiction,  in a judgment that has become final and that is no
longer  subject  to  appeal  or  review,  determines  that any such loss, claim,
damage,  liability, cost or expense is primarily attributable to the Executive's
fraud,  gross  negligence  or  willful  misconduct.  If  the  Executive  becomes
involved,  in any capacity, in any action, proceeding or investigation by reason
of being and/or having been a Director and/or CEO of Net2Wireless Corporation or
in  connection  with  any  matter  arising  out  of  or  in connection with this
Agreement,  the  Company will periodically reimburse the Executive for its legal
or  other  expenses  (including  the  cost of any investigation and preparation)
incurred in connection therewith; provided that the Executive promptly repays to
the  Company the amount of any such reimbursed expenses paid to it to the extent
that  it  is  ultimately  determined  that  the  Executive is not entitled to be
indemnified  by  the Company in connection therewith.  If, for any reason (other
than  the fraud, gross negligence or willful misconduct of Director and/or CEO),
the  foregoing  indemnification  is  unavailable  to  the  Executive,  or  is
insufficient  to  hold  it  harmless,  then the Company shall be obliged, to the
fullest  extent permitted by law, to contribute to the amount paid or payable by
the  Executive  as  a  result  of  such loss, claim, damage or liability in such
proportion  as  is  appropriate to reflect the relative benefits received by the
Company,  on  the  one  hand,  and  the Executive on the other hand, or, if such
allocation  is not permitted by applicable law, to reflect not only the relative
benefits referred to above but also any other relevant equitable considerations.

10.     Term  of  Agreement

     10.1.     The  initial  term  of  this  Agreement  shall be 3 (three) years
commencing  on  August  01, 2000 (the "Commencement Date of Employment"), unless
otherwise  agreed  upon  in  writing  between  the  Company  and  the  Executive
(hereafter  "Initial  Term"),  subject  to the provisions for termination as set
forth  in  Section  11  herein  below.

     10.2.     The Initial Term, will be automatically renewed for an additional
consecutive  periods of 2 (two) years each (each, a "Renewal Term") (the Initial
Term  and  all  successive  Renewal Terms will hereinafter be referred to as the
"Term"),  subject  to  the provisions for termination as set forth in Section 11
herein  below.

11.     Termination;  Effect  of  Termination

     11.1.     For  the purpose of this Section 11 "Notice Period" shall mean at
least 12 (twelve) months prior written notice, of the intention to terminate the
Agreement.

     11.2.     Each  of  the  Company  and the Executive shall have the right to
terminate  the Executive's employment hereunder at any time subject to the terms
of  the  Notice  Period  as  stipulated  in  Section  11.1  above.

     11.3.     During  the  Notice  Period,  the  Executive  shall  continue his
employment  with the Company in accordance with the terms and provisions of this
Agreement  if  the Company requires him to do so, and will continue to discharge
his office and cooperate with his replacement unless the Company terminates this
Agreement  prior  to  the  end  of  the Notice Period. During the Notice Period,
whether  the  Company  requires the Executive to continue his employment or not,
the  Company  will  continue to pay the Executive all payments and honor all the
commitments  owed  to  the  Executive  in  accordance  with  this  Agreement.

11.4.     In  the  event  the Company terminates the Agreement prior to December
31, 2003, other than a Termination for Cause, the Company will pay the Executive
an  amount  equal to the Salary multiplied by the number of calendar months from
the  effective date of said termination until December 31, 2003. As used herein,
the  term  "Termination  for  Cause"  means  a  termination  of  the Executive's
employment  in  the  event  the  Executive  is  found  guilty  in  a  final  and
irreversible  verdict  of  a  competent  court,  of  (i) a dishonorable criminal
offense  made  towards  the  Company;  (ii)  a  breach of his duties of trust or
loyalty to the Company; and/or (iii) a deliberate cause of harm to the Company's
business  affairs.

12.     Representations  and  Warranties

     The Executive represents and warrants to the Company as follows:

     12.1.     As  of  the Commencement Date of Employment the Executive will be
free  to  be  employed  by  the Company and by Net2Wireless Corporation upon the
terms  contained  in  this Agreement and, subject to the execution hereof, there
are  no  employment  contracts,  consulting  contracts  or restrictive covenants
preventing  full performance of the Executive's duties and obligations hereunder
to  the  Company  and  to  Net2Wireless  Corporation.

     12.2.     The  Executive  will not use, during the course of his employment
with  the Company, any trade secrets or proprietary information in such a manner
that  may  breach  any confidentiality and/or other obligation the Executive may
have  with  any  former  employer(s).

12.3.     The  Executive hereby confirms that, at the date hereof, the Executive
is  not  engaged  in  any affairs and/or matters that might entail a conflict of
interest with the Executive's employment and/or position with the Company and/or
with  Net2Wireless  Corporation,  and should there be, or insofar as there might
be,  the  same,  the  Executive  shall  immediately and without delay inform the
Company  or  Net2Wireless  Corporation  (as  applicable)  of  same.

13.     General  Provisions

     13.1.     The  Company  shall  withhold,  or charge the Executive with, all
taxes  and  other  compulsory  payments  as required under law in respect of all
benefits  of  his  employment  hereunder.

     13.2.     The  parties acknowledge that no adequate remedy at law exists in
which  to  enforce the terms and conditions of this Agreement. Therefore, in the
event  the Executive breaches the confidentiality, non-compete, non-solicitation
and/or  assignment of inventions provisions of this Agreement, the Company shall
be  entitled  to seek, in any court of competent jurisdiction and in addition to
all  other  remedies,  temporary  or  permanent  injunctive  relief  against the
Executive  (including  the  issuance  of a mandatory injunction) prohibiting the
continuing  breach of the Agreement, without showing any actual damage, and/or a
decree  for specific performance in connection with any breach of any obligation
or  undertaking  hereunder.

13.3.     The  Company's  failure or delay in enforcing any of the provisions of
this  Agreement  shall  not,  in  any  way, be construed as a waiver of any such
provisions,  or  prevent  the  Company  thereafter from enforcing each and every
other  provision  of  this  Agreement  which  were  previously  not  enforced.

13.4.     Any  notice  to  be given to the Company under this Agreement shall be
addressed  to  the  Company  at  the  offices  of the Company. Any notice to the
Executive  shall  be  addressed  to his home address at 33/2 Granit Street, Rosh
Haayin,  Israel.  Either  party  hereto  may  designate a different address by a
written  notice  to  the  other party pursuant to this Section 13.4. Each notice
and/or demand given by one party to the other in connection with this Agreement,
shall  be in writing and shall be either delivered by hand or sent by registered
mail  or  transmitted  by  facsimile to the other party at the address stated in
this  Section  13.4  or as otherwise notified pursuant to this Section 13.4, and
such notice and/or demand shall be deemed given at the expiration of 72 (seventy
two)  hours from the date of mailing by registered mail in Israel or immediately
if  delivered  by hand or on the date transmitted by facsimile upon transmission
and  electronic  confirmation  of  receipt  or (if transmitted and received on a
non-business  day)  on  the  first  business  day  following  transmission  and
electronic  confirmation  of  receipt.

13.5.     This  Agreement  shall be interpreted and construed in accordance with
the  laws  of  the  State  of  Israel.  The  parties  submit  to  the  exclusive
jurisdiction  of  the competent courts of Tel-Aviv-Jaffa  in any dispute related
to  this  Agreement.

13.6.     Captions  and  paragraph  headings  used  in  this  Agreement  are for
convenience  only  and  shall  not  be  used  for  the  interpretation  thereof.

13.7.     This  Agreement  constitutes  the entire agreement of the parties with
respect  to  the  subject  matter  hereof,  supersedes  all prior agreements and
understandings  between the parties hereto with respect thereto and is intended,
to  the  extent  allowed  under  the  Israeli  law,  to  override  any statutory
provisions  related  to  the  employment  of  the  Executive  by  the  Company.

13.8.     This  Agreement  shall  not be amended, modified or varied by any oral
agreement  or representation other than by a written instrument executed by both
parties  or  their  duly  authorized  representatives.

13.9.     The provisions of this Agreement shall, where possible, be interpreted
in  a  manner  necessary  to  sustain their legality and enforceability. Without
derogating  from  the  foregoing,  in  the  event  that  any  one or more of the
provisions  contained  in  this  Agreement  should  be  held invalid, illegal or
unenforceable  in  any  respect  due  to  the  fact  that  it  is  over-broad or
insufficiently  limited  in  time,  the parties hereby authorize, to the maximum
extent  legally  permissible,  the  tribunal  interpreting  such provision(s) to
replace  the  invalid,  illegal  or  unenforceable  provision(s)  with  valid
provision(s)  the  effect  of  which  come  as  close as possible to that of the
invalid,  illegal  or  unenforceable  provision(s).  The  validity, legality and
enforceability  of  the remaining provisions contained herein shall in no way be
affected  or  impaired  as a result of any provision contained in this Agreement
being  held  invalid,  illegal  or  unenforceable  in  any  respect.

13.10.     This  Agreement shall not be assigned nor any obligation hereunder be
subcontracted  by  the  Executive to any third party without the Company's prior
written  consent.

13.11.     This  Agreement  fully and completely sets forth the entire agreement
between  the  parties  relating  to  the  subject  matter  hereof.  All  prior
agreements,  understandings, and courses of dealing between the parties, written
or oral, are merged into and superseded by this Agreement.  This Agreement shall
become effective and binding upon the parties as of the date first stated above.
[intentionally left blank]

<PAGE>

IN WITNESS WHEREOF, the parties have duly executed this Agreement on the day and
year set forth above.
Net2Wireless Israel Ltd.

By:     /s/

Name:     ---____________________

Title:     ____________________

/s/
Nechemia Davidson

We, the undersigned, Net2Wireless Corporation, hereby consent to the provisions
of the above agreement as far as such provisions are applicable to us, including
without limitation, the provisions of Section 5 therein

Net2Wireless Corporation

By:     /s/

Name:     ___________________

Title:     ___________________

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