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                                                                    EXHIBIT 10.7

                     ADDITION TO SALE OF BUSINESS AGREEMENT

                  That was agreed to and signed on May 6, 2002

                                     Between

                      MARNETICS BROADBAND TECHNOLOGIES LTD.
                             Company No. 52-004389-4
                                 12 Hayesira St.
                            Industrial Area, Ra'anana

                           (henceforth: the "Company")

                                       and

                   IDAN MILLENIUM INVESTMENTS AND ASSETS LTD.
                                 Moshav Batsara

                          (henceforth: the "Purchaser")

WHEREAS        On June 10, 2001 an agreement was signed between the Company and
               the Purchaser, regarding the sale of the electronic activities of
               the Company to the Purchaser (henceforth: the "Sale of Business
               Agreement");

AND WHEREAS    The sides ask to amend the terms of the Sale of Business
               Agreement in the manner stated in this Agreement;

AND WHEREAS    The sides agree that, except for the terms of the Sale of
               Business Agreement which are specifically changed in this
               agreement, the remaining terms in the Sale of Business Agreement
               remain in force and obligate both parties in every detail, also
               after the signing of this Agreement;

ACCORDINGLY IT IS SWORN, WARRANTED, AND AGREED BETWEEN THE PARTIES AS FOLLOWS:

1.     INTRODUCTION

1.1    The introduction of this Agreement will be an inseparable part of the
       agreement and will be understood to be part of its conditions.

1.2    The titles of the sections of this Agreement are for ease of reading
       alone and have no bearing on the understanding of this Agreement or any
       of its sections.

1.3    There is nothing in this Agreement that alters the Sale of Business
       Agreement, unless specifically stated otherwise in this Agreement. In
       order to remove any doubt, it is stated that the terms of the Sale of
       Business Agreement are in force and binding, unless specifically changed
       in this Agreement.

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1.4    From the date of signature of the sides to this Agreement, this Agreement
       will be considered an inseparable part of the Sale of Business Agreement.

1.5    The following phrases used in this Agreement will be understood as
       follows:

       "STRIKOVSKY"               Mr. Dov Strikovsky;

       "INDEMNITY AGREEMENT"      Indemnity Agreement, including its appendices,
                                  from June 30, 2001, between the Company and
                                  its shareholders and Strikovsky;

       "THE ENTRUSTED SHARES"     300,000 regular shares of the company, which
                                  are owned by Strikovsky and held in trust by
                                  Advocate Menachem Gorman (henceforth: the
                                  "Trustee"), in accordance with the Indemnity
                                  Agreement;

2.     THE REMUNERATION

       Section 6.2 of the Sale of Business Agreement will be replaced by:

       "The remuneration paid will be paid by the Purchaser starting from
       February 1, 2002 and will be paid in 25 monthly payments, regularly and
       one after the other. Each of the monthly payments during the year of
       2002, specifically until and including December 1, will be in the amount
       of 30,000 NIS. The remaining payments will be in the amount of 155,000
       NIS (henceforth: the "Monthly Payments" or the "Monthly Payment", as
       appropriate). The Monthly Payments will be linked to the consumer price
       index in a manner that means that the payments will be adjusted according
       to the last known consumer price index at the moment of payment, in
       relation to the known consumer price index at the time of this
       signature."

3.     SECURITIES AND CONDITIONS TO THEIR IMPLEMENTATION

3.1    To secure the obligations of the Purchaser in the Sale of Business
       Agreement and in this addition, and without detracting from the terms of
       Section 10 in the Activity Sale Agreement, it is agreed between the
       parties that if the Purchaser misses the deadline for more than one
       payment, in full or partially, (henceforth: "The Breach"), the Company
       will have the right, but not be required, to order the Trustee to sell to
       third parties up to 75,000 company shares of the entrusted shares, as
       required to fully cover the remainder of the remuneration still owed to
       the Company (henceforth: the "Sold Shares"), in full coordination with
       Mr. Dov Strikovsky.

3.2    With the sale of the Sold Shares, the trustee will transfer the
       remuneration, reduced by the cost of the sale, including all relevant
       taxes, to the Company, and this will be credited against the remaining
       remuneration still due. In order to remove all doubt, it is stated that
       if the value of the Sold Shares which is transferred to the Company is
       less than the remaining remuneration owing to

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       the Company, the Purchaser will immediately pay the remaining
       remuneration due.

3.3    The Company will have the right to order the Trustee to sell up to 75,000
       of the entrusted shares, all or part of them, only after serving notice
       to the Purchaser and Strikovsky notice regarding the Breach, and if the
       Breach is not remedied within seven business days from the date of
       serving notice.

4.     In all cases of contradiction between the terms of this Agreement and the
       Indemnity Agreement and/or the terms of the Sale of Business Agreement,
       the sides will be obligated by the terms of this Agreement.

                   In witness hereof the parties signed below

/s/ Dov Strikovsky                             /s/ Menachem Reinschmidt
---------------------------------              ---------------------------------
Dov Strikovsky                                 Menachem Reinschmidt
Idan Millenium Investments
and Assets Ltd.
                                               /S/ David Sheetrit
                                               ---------------------------------
                                               David Sheetrit

                                               Marnetics Broadband
                                               Technologies Ltd.

I hereby agree that the Company shares owned by me, which are being held in
trust by Advocate Menachem Gorman, will be used, in addition to all that is
stated in the Indemnity Agreement, as a security against the monthly payments to
which the Purchaser has obligated himself in the Sale of Business Agreement, as
described in Section 3.

/s/ Dov Strikovsky
---------------------------------
Dov StrikovskyCERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS OF SERIES B PREFERRED STOCK

OF

MAGIC MEDIA NETWORKS, INC.

(Pursuant to Section 151 of the Delaware General Corporation Law)

The name of the corporation is MAGIC MEDIA NETWORKS, INC. (the "Corporation").

The Corporation hereby certifies that, pursuant to authority vested in the Board of Directors by Article Fourth of the Certificate of Incorporation, the Certificate of Designations, Preferences and Rights of Series B Preferred Stock of Magic Media Networks, Inc. was adopted as of July_15, 2002 by the Board of Directors of the Corporation, pursuant to Section 141 of the Delaware General Corporation Law. Mr. Gordon Scott Venters, although present at the board meeting, took no part in the vote upon this resolution. 

RESOLVED that, pursuant to authority vested in the Board of Directors of the Corporation by Article Fourth of the Corporation's Certificate of Incorporation of the total authorized number of 20,000,000 shares of Open Stock, par value $.0001 per share, of the Corporation, there shall be designated a series of 1,250,000 shares which shall be issued in and constitute a single series to be known as "Series B Preferred Stock" (hereinafter called the "Series B Preferred Stock").The Series B Preferred Stock shall rank pari passu with the Series A Preferred Stock. The shares of Series B Preferred Stock have the voting powers, designations, preferences and other special rights, and qualifications, limitations and restrictions thereof set forth below: 

1. Dividends. The holders of Series B Preferred Stock shall be entitled to share in any dividends, if any, declared and paid upon or set aside for the Common Stock or any series or class of preferred stock of the Corporation, whether now existing or hereafter created or designated, that is pari passu with the Series B Preferred Stock in respect of dividends, pro rata in accordance with the number of shares of Common Stock into which such shares of Series B Preferred Stock are then convertible pursuant to Section 4. 

2. Rights on Liquidation, Dissolution or Winding-Up. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Corporation, the holders of shares of Series B Preferred Stock and the holders of any shares of any series or class of preferred stock of the Corporation, whether now existing or hereafter created or designated, ranking by its terms pari passu with the Series B Preferred Stock in respect of rights on liquidation, dissolution or winding up of the Corporation ("Pari Passu Preferred Stock"), in each case then outstanding shall be entitled to be paid out of the assets of the Corporation available for distribution to its stockholders by reason of their ownership thereof, pro rata in accordance with the number of shares of Common Stock into which such shares of Series B Preferred Stock are then convertible pursuant to Section 4. 

3. Voting. In addition to any other rights provided by law or in the By-laws of the Corporation, each share of Series B Preferred Stock shall entitle the holder thereof to four votes per share. The number of votes per share will be adjusted in accordance with any changes in the Conversion Ratio pursuant to 4(d) so that the number of votes the Series B Preferred stockholder shall be entitled to shall equal four times the number of shares of Common Stock (rounded down to the nearest whole number based on the aggregate number of shares of Series B Preferred Stock held by such stockholder) into which such share of Series B Preferred Stock is then convertible as provided in Section 4 hereof, in the same manner and with the same effect as such holders of Common Stock, voting together with the holders of Common Stock and any other class or series of preferred stock, whether now existing or hereafter created or designated (except and to the extent otherwise expressly provided in any such series or class of preferred stock), as one class; provided, however, holders of the Series B Preferred Stock shall not be entitled to a separate vote as a class, or as a series thereof, with respect to any amendment, alteration or repeal of the Certificate of Incorporation that may be deemed or that purports to have been effected by way of a merger or consolidation of the Corporation, or otherwise by operation of law. 

4. Optional Conversion. The holder of any shares of the Series B Preferred Stock shall have the right, at such holder's option, at any time or from time to time to convert any of such shares into such whole number of fully paid and nonassessable shares of Common as last adjusted and then in effect, for the shares of the Series B Preferred Stock being converted, by surrender of the certificates representing the shares of Series B Preferred Stock so to be converted in the manner provided in Section 4(b) hereof. Each share of Series B Preferred Stock shall be convertible into Common Stock at the Conversion Ratio (the "Conversion Ratio"). The conversion ratio at which shares of Common Stock shall be issuable upon conversion of shares of Series B Preferred Stock shall initially be one share of common Stock for each share of Series B Preferred Stock; provided, however, that such Series B Preferred Conversion Ratio shall be subject to adjustment as set forth in Section 4(d) hereof. 

The holder of any shares of Series B Preferred Stock may exercise the conversion right pursuant to Section 4(a) hereof as to one or more shares thereof by delivering to the Corporation during regular business hours, at the office of the Corporation or any transfer agent of the Corporation for the Series B Preferred Stock as may be designated by the Corporation, the certificate or certificates for the shares to be converted, duly endorsed or assigned in blank or to the Corporation (if required by it), accompanied by written notice stating that the holder elects to convert such shares and stating the name or names (with address) in which the certificate or certificates for the shares of Common Stock are to be issued. Conversion shall be deemed to have been effected on the date when the aforesaid delivery is made (the "Conversion Date"). As promptly as practicable thereafter, the Corporation shall issue and deliver to or upon the written order of such holder, to the place designated by such holder, a certificate to which such holder is entitled and a check or cash in respect of any fractional interest in a share of Common Stock as provided in Section 4(c) hereof. The person in whose name the certificate or certificates for Common Stock are to be issued shall be deemed to have become a Common Stock holder of record on the applicable Conversion Date unless the transfer books of the Corporation are closed on that date, in which event such person shall be deemed to have become a Common Stock holder of record on the next succeeding date on which the transfer books are open, but the Series B Preferred Conversion Price shall be that in effect on the Conversion Date. Upon conversion of only a portion of the number of shares covered by a certificate representing shares of Series B Preferred Stock surrendered for conversion, the Corporation shall issue and deliver to or upon the written order of the holder of the certificate so surrendered for conversion, at the expense of the Corporation, a new certificate covering the number of shares of Series B Preferred Stock representing the unconverted portion of the certificate so surrendered, which new certificate shall entitle the holder thereof to dividends on the shares of Series B Preferred Stock represented thereby to the same extent as if the portion of the certificate theretofore covering such unconverted shares had not been surrendered for conversion. 

No fractional shares of Common Stock or scrip shall be issued upon conversion of shares of Series B Preferred Stock. If more than one share of Series B Preferred Stock shall be surrendered for conversion at any one time by the same holder, the number of full shares of Common Stock issuable upon conversion thereof shall be computed on the basis of the aggregate number of shares of such Series B Preferred Stock so surrendered. Instead of any fractional shares of Common Stock which would otherwise be issuable upon conversion of any shares of Series B Preferred Stock, the Corporation shall pay a cash adjustment in respect of such fractional interest in an amount equal to the then fair market value, as determined in good faith by the Board of Directors of the Corporation, of a share of Common Stock multiplied by such fractional interest. Fractional interests shall not be entitled to dividends, and the holders of fractional interests shall not be entitled to any rights as stockholders of the Corporation in respect of such fractional interest. 

For purposes of any adjustment of the Series B Preferred Conversion Ratio pursuant to this Section 4, the following provisions should be applicable:

If, at any time after the Original Issuance Date, the number of shares of Common Stock outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, then, following the record date fixed for the determination of holders of Common Stock entitled to receive such stock dividend, subdivision or split-up, the Series B Preferred Conversion Ratio shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of each share of Series B Preferred Stock shall be increased in proportion to such increase in outstanding shares. "Original Issuance Date" shall mean the date of original issuance of the first share of Series B Preferred Stock. 

If, at any time after the Original Issuance Date, the number of shares of Common Stock outstanding is decreased by a combination or reverse stock split of the outstanding shares of Common Stock, then, following the record date for such combination, the Series B Preferred Conversion Ratio for such series shall be appropriately increased so that the number of shares of Common Stock issuable on conversion of each share of Series B Preferred Stock shall be decreased in proportion to such decrease in outstanding shares. 

In case, at any time after the Original Issuance Date, of any capital reorganization, or any reclassification of the stock of the Corporation (other than a change in par value or from par value to no par value or from no par value to par value or as a result of a stock dividend or subdivision, split-up or combination of shares), or the consolidation or merger of the Corporation with or into another person (other than a consolidation or merger in which the Corporation is the continuing corporation and which does not result in any change in the Common Stock) or of the sale or other disposition of all or substantially all the properties and assets of the Corporation as an entirety to any other person, each share of Series B Preferred Stock shall after such reorganization, reclassification, consolidation, merger, sale or other disposition be convertible into the kind and number of shares of stock or other securities or property of the Corporation or of the corporation resulting from such consolidation or surviving such merger or to which such properties and assets shall have been sold or otherwise disposed to which the holder of the number of shares of Common Stock deliverable (immediately prior to the time of such reorganization, reclassification, consolidation, merger, sale or other disposition) upon conversion of such Series B Preferred Stock would have been entitled upon such reorganization, reclassification, consolidation, merger, sale or other disposition. The provisions of this Section 4 shall similarly apply to successive reorganizations, reclassifications, consolidations, mergers, sales or other dispositions. 

(i) All calculations under Sections 4(d)(i) and 4(d)(ii) shall be made to the nearest one tenth (1/10) of a cent or to the nearest one tenth (1/10) of a share, as the case may be and (ii) in any case in which the provisions of this Section 5 shall require that an adjustment shall become effective immediately after a record date for an event, the Corporation may defer until the occurrence of such event (A) issuing to the holder of any share of Series B Preferred Stock converted after such record date and before the occurrence of such event the additional shares of common stock issuable upon such conversion by reason of the adjustment required by such event over and above the shares of capital stock issuable upon such conversion before giving effect to such adjustment and (B) paying to such holder any amount in cash in lieu of a fractional share of common stock pursuant to Section 4(c); provided, however, that the Corporation shall deliver to such holder a due bill or other appropriate instrument evidencing such holder's right to receive such additional shares, and such cash, upon the occurrence of the event requiring such adjustment. 

Whenever the Series B Preferred Conversion Ratio shall be adjusted as provided in this Section 4, the Corporation shall forthwith file, at the office of the Corporation or of any transfer agent designated by the Corporation for the Series B Preferred Stock, a statement, signed by its chief financial officer, showing in detail the facts requiring such adjustment and the Series B Preferred Conversion Ratio then in effect. The Corporation shall also cause a copy of such statement to be sent by first-class certified mail, return receipt requested, postage prepaid, to each holder of shares of Series B Preferred Stock at his or its address appearing on the Corporation's records. Where appropriate, such copy may be given in advance and may be included as part of a notice required to be mailed under the provisions of Section 4. 

In the event the Corporation shall propose to take any action of the types described in Section 4(d), the Corporation shall give notice to each holder of shares of Series B Preferred Stock, in the manner set forth in Section 4(f), which notice shall specify the record date, if any, with respect to any such action and the date on which such action is to take place. Such notice shall also set forth such facts with respect thereto as shall be reasonably necessary to indicate the effect of such action (to the extent such effect may be known at the date of such notice) on the Series B Preferred Conversion Ratio and the number, kind or class of shares or other securities or property which shall be deliverable or purchasable upon the occurrence of such action or deliverable upon conversion of shares of Series B Preferred Stock. 

The Corporation shall pay all documentary, stamp or other transactional taxes attributable to the issuance or delivery of shares of common stock of the Corporation upon conversion of any shares of Series B Preferred Stock. 

The Corporation shall reserve, free from preemptive rights, out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of Series B Preferred Stock sufficient shares to provide for the conversion of all outstanding shares of Series B Preferred Stock. 

All shares of Common Stock which may be issued in connection with the conversion provisions set forth herein will, upon issuance by the Corporation, be validly issued, fully paid and nonassessable. 

IN WITNESS WHEREOF, this Certificate of Designations has been signed by the President and members of the Board of Directors of the Corporation, this 15th day of July, 2002.

       	 	 	Magic Media Networks, Inc.
	 	 	 
	By:	    	/s/ G. Scott Venters
	 	 	

	 	 	G. Scott Venters, President
	 	 	 
	By:	 	/s/ G. Scott Venters
	 	 	

	 	 	G. Scott Venters, Director
	 	 	 
	By:	 	/s/ Todd Nugent
	 	 	

	 	 	Todd Nugent, Director

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