Document:

Exhibit
10.4

AMENDMENT NO. 3 TO RIGHTS AGREEMENT

THIS AMENDMENT NO. 3 TO RIGHTS
AGREEMENT (the “Amendment”)
is made as of the 24th day of March, 2007, by and between BIOSITE INCORPORATED,
a Delaware corporation (the “Company”), and AMERICAN STOCK TRANSFER & TRUST COMPANY, a New York
banking corporation (the “Rights Agent”).

WHEREAS, the Company is entering into an Agreement and
Plan of Merger (as the same may be amended from time to time, the “Merger
Agreement”), among the Company, Beckman Coulter, Inc., a Delaware corporation (“Parent”),
and Louisiana Acquisition Sub, Inc., a Delaware corporation and a wholly-owned
subsidiary of Parent (“Purchaser”), pursuant to which Purchaser will: (i) make
a tender offer to acquire all of the issued and outstanding shares of common
stock of the Company, par value $0.01 per share (“Common Stock”), on the terms
and subject to the conditions set forth in the Merger Agreement (such tender
offer, as it may be amended from time to time, is referred to in this Amendment
as the “Offer”), (ii) be granted an irrevocable option to acquire certain
additional shares of Common Stock directly from the Company on the terms and
subject to the conditions set forth in the Merger Agreement (the “Top-Up Option”),
and (iii) after acquiring shares of common stock of the Company pursuant to the
Offer (and, if applicable, the Top-Up Option), Purchaser will merge with and
into the Company upon the terms and subject to the conditions set forth in the
Merger Agreement;

WHEREAS, the Company and the Rights Agent (as successor
Rights Agent to Fleet National Bank (f.k.a. BankBoston, N.A.)) are parties to
that certain Rights Agreement dated October 22, 1997, as it was amended on
December 9, 1999 and July 18, 2001 (the “Rights Agreement”);

WHEREAS, the Company desires to amend the Rights
Agreement in connection with the execution and delivery of the Merger
Agreement; and

WHEREAS, the Board of Directors of the Company has
approved this Amendment and authorized its appropriate officers to execute and
deliver the same to the Rights Agent.

NOW, THEREFORE, in accordance with the procedures for amendment
of the Rights Agreement set forth in Section 27 thereof, and in consideration
of the foregoing and the mutual agreements herein set forth, the parties hereby
agree as follows:

1.             Capitalized terms that are not otherwise defined
herein shall have the meanings ascribed to them in the Rights Agreement.

2.             The definition of “Acquiring Person” set forth in
Section 1(a) of the Rights Agreement is amended by adding the following
sentence to the end of that section:

“Notwithstanding
the foregoing, no Person shall be or become an Acquiring Person by reason of
(i) the execution and delivery of the Agreement and Plan of Merger, dated as of
March [24], 2007, among Beckman Coulter, Inc., a Delaware corporation (“Parent”),
Louisiana Acquisition Sub, Inc., a Delaware corporation and a wholly-owned
subsidiary of Parent (“Purchaser”), and the Company (the “Merger Agreement”) or
any amendment thereto, (ii) the purchase 

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by Purchaser of Common Stock
pursuant to (A) a tender offer to acquire all of the issued and outstanding
Common Stock to be commenced by Purchaser pursuant to, and on the terms and
subject to the conditions set forth in, the Merger Agreement (such tender
offer, as it may be amended from time to time, is referred to in this Agreement
as the “Offer”) or (B) an irrevocable option to acquire certain additional
shares of Common Stock directly from the Company, granted by the Company to
Purchaser on the terms and subject to the conditions set forth in the Merger
Agreement (the “Top-Up Option”), (iii) the merger of Purchaser with and into
the Company pursuant to, and on the terms and subject to the conditions set
forth in, the Merger Agreement (the “Merger”), or (iv) the consummation of any
other transaction contemplated by the Merger Agreement, as it may be amended
from time to time.”

3.             The definition of “Stock Acquisition Date” in
Section l(i) of the Rights Agreement is hereby amended by adding the following
sentence to the end of that section:

“Notwithstanding anything else
set forth in this Agreement, a Stock Acquisition Date shall be deemed not to
have occurred by reason of (i) the execution and delivery or amendment of the
Merger Agreement, (ii) the purchase by Purchaser of Common Stock pursuant to
the Offer (and, if applicable, the Top-Up Option), (iii) the Merger, or (iv)
the consummation of any other transaction contemplated by the Merger Agreement,
as it may be amended from time to time.”

4.             Section 3(a) of the Rights Agreement is hereby
amended by adding the following sentence to the end of that section:

“Notwithstanding anything else
set forth in this Agreement, no Distribution Date shall be deemed to have
occurred by reason of (i) the execution and delivery or amendment of the Merger
Agreement, (ii) the purchase by Purchaser of Common Stock pursuant to the Offer
(and, if applicable, the Top-Up Option), (iii) the Merger, or (iv) the
consummation of any other transaction contemplated by the Merger Agreement, as
it may be amended from time to time.”

5.             Section 7(a)(i) of the Rights Agreement is hereby
amended to delete the phrase “(the “Final Expiration Date”)” so that it shall
read as follows:

“(i)
the close of business on June 1, 2011,”

6.             Section 7(a) is further amended by replacing the
word “or” at the end of Section 7(a)(iii) with a comma and by adding the
following clause immediately following the word “hereof” in Section 7(a)(iv):

“,
or (v) the moment in time immediately prior to the Effective Time (as defined
in Section 2.3 of the Merger Agreement) (the earlier to occur of the events
described in clauses (i) and (v) of this section shall be referred to as the “Final
Expiration Date”)”

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7.             Section 11(a)(ii) of the Rights Agreement is
hereby amended by adding the following sentence to the end of that section:

“Notwithstanding anything else
set forth in this Agreement, no event requiring an adjustment under this
Section 11(a)(ii) shall be deemed to have occurred by reason of (i) the
execution and delivery or amendment of the Merger Agreement, (ii) the purchase
by Purchaser of Common Stock pursuant to the Offer (and, if applicable, the
Top-Up Option), (iii) the Merger, or (iv) the consummation of any other
transaction contemplated by the Merger Agreement, as it may be amended from
time to time.”

8.             Sections 13(a)(x) and (y) of the Rights Agreement
are amended to read as follows:

“(x) the Company shall
consolidate with, or merge with and into, any other Person, (y) any Person
shall consolidate with the Company, or merge with and into the Company and the
Company shall be the continuing or surviving corporation of such merger (other
than, in the case of either transaction described in (x) or (y), (i) a merger
or consolidation which would result in all of the voting power represented by
the securities of the Company outstanding immediately prior thereto continuing
to represent (either by remaining outstanding or by being converted into
securities of the surviving entity) all of the voting power represented by the
securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation and the holders of such securities not
having changed as a result of such merger or consolidation or (ii) the Merger),”

The remaining portion of Section 13(a) shall be
unchanged and shall remain in full force and effect.

9.             The first phrase of Section 13(c) of the Rights
Agreement is hereby amended to read as follows:

“The Company shall not
consummate any such consolidation (other than the Merger), merger (other than
the Merger), sale or transfer unless the Principal Party shall have a
sufficient number of authorized shares of its Common Stock that have not been
issued or reserved for issuance to permit the exercise in full of the Rights in
accordance with this Section 13 and unless prior thereto the Company and each
Principal Party and each other Person who may become a Principal Party as a
result of such consolidation, merger, sale or transfer shall have executed and
delivered to the Rights Agent a supplemental agreement providing for the terms
set forth in paragraphs (a) and (b) of this Section 13 and further providing
that, as soon as practicable after the date of any consolidation, merger, sale
or transfer of assets mentioned in paragraph (a) of this Section 13, the
Principal Party at its own expense shall: 
.. . .”

The remaining
portion of Section 13(c) shall be unchanged and shall remain in full force and
effect.

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10.          Section 14(a)(i) of the Rights Agreement is
hereby amended to read as follows:

“(i) consolidate with
(other than the Merger),”

11.          Section 14(a)(ii) of the Rights Agreement is
hereby amended to read as follows:

“(ii) merge with or into
(other than by the Merger),”

12.          The Rights Agreement, as amended by this
Amendment, shall remain in full force and effect in accordance with its terms.

13.          All the covenants and provisions of this
Amendment by or for the benefit of the Company or the Rights Agent shall bind
and inure to the benefit of their respective successors and assigns hereunder.

14.          Nothing in this Amendment shall be construed to
give to any person or corporation other than the Company, the Parent, the Purchaser,
the Rights Agent and the registered holders of the Rights Certificates (and,
prior to the Distribution Date, the Common Stock) any legal or equitable right,
remedy or claim under this Amendment; but this Amendment shall be for the sole
and exclusive benefit of the Company, the Parent, the Purchaser, the Rights
Agent and the registered holders of the Rights Certificates (and, prior to the
Distribution Date, the Common Stock).

15.          If any term, provision, covenant or restriction
of this Amendment is held by a court of competent jurisdiction or other
authority to be invalid, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions of this Amendment shall remain in full
force and effect and shall in no way be affected, impaired or invalidated.

16.          This Amendment shall be deemed to be a contract
made under the laws of the State of Delaware and for all purposes shall be
governed by and construed in accordance with the laws of such state applicable
to contracts to be made and performed entirely within such state.

17.          This Amendment may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and
the same instrument.

18.          The Company hereby certifies to the Rights Agent
that this Amendment is in compliance with Section 27 of the Rights Agreement.

[REMAINDER
OF THIS PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the parties herein have caused this Amendment to
be duly executed and attested, all as of the date and year first above written.

	
  

  	
   

  	
  BIOSITE INCORPORATED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Kenneth F. Buechler

  
	
   

  	
   

  	
   

  	
  Name: Kenneth F.
  Buechler

  
	
   

  	
   

  	
   

  	
  Title: President
  and Chief Scientific Officer

  
	
  Attest:

  	
  /s/ Christopher J. Twomey

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Christopher J. Twomey

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Secretary

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AMERICAN STOCK TRANSFER & TRUST COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Herbert J. Lemmer

  
	
   

  	
   

  	
   

  	
  Name: Herbert J. Lemmer

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
  Attest:

  	
  /s/ Isaac J. Kagan

  	
   

  	
   

  
	
   

  	
  Name: Isaac J. Kagan

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  

 

 5Exhibit
10.1

EMPLOYMENT
AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”), is made and entered into as of March 21, 2007
(the “Effective Date”), by and between Vyyo Inc., a Delaware corporation (the “Company”),
and Wayne Davis (“Davis”).

In connection with
Davis’ employment with the Company, the Company and Davis desire to enter into
this Agreement according to the terms and conditions set forth below.

NOW,
THEREFORE, the parties hereto hereby agree as follows:

1.                                       Employment Duties.

a.                                       General.  The Company
hereby agrees to employ Davis, and Davis hereby agrees to accept employment
with the Company, on the terms and conditions set forth below.

b.                                      Company’s Duties.  The Company
shall allow Davis to, and Davis shall, perform responsibilities normally incident
to the position of Chief Executive Officer, commen­surate with his background,
education, experience and professional standing.  The Company shall provide Davis with such
office equipment, supplies, customary services and cooperation suitable for the
performance of his duties.

c.                                       Davis’ Duties.  Davis
shall devote such time as necessary to fully perform his services as Chief
Executive Officer and shall report directly to the Company’s Board of
Directors. The parties acknowledge that Davis may perform his duties from any
location, and shall travel to the Company’s headquarters in Norcross, Georgia
and its facility in Israel as the Company’s business dictates.

2.                                       Term.   
The initial term of this Agreement is three years (the “Initial  Term”).  There­after, this Agreement may be renewed by
Davis and the Company on such terms as the parties may agree to in
writing.  Absent written notice of
termination of this Agreement given by one party to the other party not less
than 30 days prior to the end of the Initial Term or any Renewal Term (as
defined below), this Agreement will be automatically renewed for a one-year
extension (each such extension a “Renewal Term”
and the Initial Term together with any and all Renewal Terms, the “Term”).  Notwithstanding
the foregoing, this Agreement is subject to earlier termination as provided
herein.

3.                                       Compensation.  Davis
shall be compensated as follows:

a.                                       Salary.  Davis
shall receive an annual salary of Three Hundred Thousand Dollars ($300,000).  The Company agrees to review the salary on or
before December 31, 2007, and thereafter at the end of each calendar year
during the Term based upon Davis’ services and the financial results of the Company,
and to make such changes as may be determined appropriate in the sole discretion
of the Company’s Compensation Committee or Board of Directors.  Davis’ annual salary shall be payable on a
semi-monthly basis, in accordance with the Company’s usual payroll practices.

b.                                      Bonus Compensation. During each calendar year in the Initial Term,
Davis may become eligible to receive an annual cash bonus up to an aggregate of
Three Hundred Thousand Dollars ($300,000) based on performance objectives to be
agreed to by Davis and the Board of Directors. 
The performance objectives will be established each year as
follows:  (i) for the 2007 calendar year,
no later than 60 days following the Effective Date; and (ii) for subsequent
calendar years, no later than 60 days following the start of such calendar
years. Any bonus earned by Davis in a particular calendar year will be paid by
the Company in the manner and time period agreed to by the parties.  The bonus shall be prorated should Davis’
employment terminate prior to a full calendar year.

c.                                       Stock Options.  As
of the Effective Date, the Company shall grant Davis a stock option to purchase
600,000 shares of the Company’s capital stock. 
The stock options shall be granted with an exercise price equal to fair
market value of the Company’s common stock on the date of grant and shall be
governed by the terms of an option agreement which will set forth the vesting
schedule of such shares.  If there is any
conflict between this Agreement and the terms of the option agreement, the
terms of the option agreement will control.

d.                                      Vacation.  Davis
shall accrue paid vaca­tion at the rate of 30 days for each calendar year
during the Term, prorated as applicable for any partial calendar year and
subject to the terms of the Company’s vacation policy.  Davis shall be compensated at his usual rate
of base compen­sation during any such vacation. 
Davis shall be entitled to paid holi­days as generally given by the Company
and shall receive sick leave or disability leave in accordance with the terms
of the Company’s standard sick leave or disability leave policy.

e.                                       Benefits.  Davis
and his dependents shall be entitled to participate in any group plans or
programs maintained by the Company for any employees relating to group health,
disability, life insurance and other related benefits as in effect from time to
time subject to the terms and conditions of such plans. Davis shall also be
entitled to director and officer insurance in such amounts and coverage and
such indemnification provisions as are afforded other officers and directors of
the Company.  The foregoing benefits
shall be paid by the Company.

f.                                         Expenses.  The Company
shall reim­burse Davis for his normal and reasonable expenses incurred for
travel, entertainment and similar items in promoting and carrying out the Company’s
business in accordance with the Company’s general policy as adopted from time
to time.  In addition, Davis shall be
reimbursed for the reasonable costs associated with cellular telephone usage
and shall be entitled to reimbursement for such reasonable continuing
professional education, memberships and certifications as are deemed

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normal and appropriate for chief executive officers as determined by
the Board of Directors.  As a condition
of payment or reimbursement, Davis agrees to provide the Company with copies of
all available invoices and receipts, and otherwise account to the Company in
sufficient detail to allow the Company to claim an income tax deduction for
such paid item, if such item is deductible. 
Reimbursements shall be made on a monthly or more frequent basis in
accordance with the Company’s reimbursement policies then in effect.

4.                                       Confidentiality and Competitive
Activities.  Davis agrees to execute an employee
proprietary information and inventions agreement in a form approved by the
parties, which will include provisions related to confidentiality of Company
information, assignment of inventions, non-competition and non-solicitation of
customers and employees.

5.                                       Termination.

a.                                       Termination without Cause;
Voluntary Termination.  The Company may terminate this Agreement and Davis’
employment hereunder without Cause (as defined below) and with or without prior
review or warning by providing 60 days prior written notice to Davis.  Davis may volun­tarily terminate his employ­ment
at any time upon 60 days’ prior written notice to the Company.

b.                                      Termination for Cause.  The Company
may immedi­ately terminate Davis’ employment at any time for Cause.  Termin­ation for Cause shall be effective
from the receipt of written notice thereof to Davis­ specifying the grounds for
termination.  “Cause”
shall be deemed to include:  (i) Davis’
willful misconduct, or failure to perform, his material duties provided that Davis
is given written notice setting forth with reasonable specificity such
misconduct or failure and Davis fails to correct such behavior within 30 days
following receipt of notice; (ii) Davis’ conviction of a felony offense or
conviction for any unlawful act which would be materially detrimental to the
Company’s reputation, or a material act of dishonesty, fraud, embezzlement,
misappropriation or financial dishonesty against the Company; or (iii) Davis’
breach of any material provision of this Agreement or breach of his employee
proprietary information agreement. The Company’s exercise of its rights to
terminate with Cause shall be without prejudice to any other remedies it may be
entitled at law, in equity or under this Agreement.

c.                                       Termination Upon Death or
Disability.  This Agree­ment shall automatic­ally
terminate upon Davis’ death.  In
addition, if any disability or incapacity of Davis to perform his duties as the
result of any injury, sickness, or physical, mental or emotional condition
continues for a period of 30 days (excluding any accrued vacation) out of any
120 calendar day period, the Company may terminate Davis’ employ­ment upon
written notice.  Payment of salary to Davis
during any sick leave shall only be to the extent that Davis has accrued sick
leave or vacation days.

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6.                                       Severance Payment Upon
Termination of Employment.  The severance payment set forth below shall
be in addition to any amounts owed to Davis as earned but unpaid wages through
the date of termination and accrued but unused vacation through the date of
termination.

a.                                       Termination Without Cause.  If the
Company terminates this Agreement without Cause prior to the first anniversary
of the Effective Date, the Company shall pay Davis a severance payment equal to
six months of his annual salary (without bonus), payable over such period in
accordance with the Company’s usual payroll practices.  If the Company terminates this Agreement
without Cause after the first anniversary of the Effective Date but on or
before the second anniversary of the Effective Date, the Company shall pay Davis
a severance payment equal to nine months of his annual salary (without bonus)
payable over such period in accordance with the Company’s usual payroll
practices.  If the Company terminates
this Agreement without Cause after the second anniversary of the Effective
Date, the Company shall pay Davis a severance payment equal to 12 months of his
annual salary (without bonus), payable over such period in accordance with the
Company’s usual payroll practices.

b.                                      Execution of Release.  Davis
agrees that Davis’ right to receive any severance payment is conditioned on the
prior execution by Davis of a binding general release (in such form as the
Company may determine) of any and all claims against the Company and any
affiliates, and their respective officers, directors, employees or other
agents.

7.                                       Compensation Upon a Change of
Control.

a.                                       Change of Control Termination.  If
Mr. Davis’ employment is terminated upon Change of Control Termination (as
defined below), Davis shall be entitled to the following compensation:

(i)                                     Cash Payment.  In
lieu of any severance payment described above in Section 6, payment in cash of an
amount equal to the sum of one times Davis’ then current annual salary plus
100% of Davis’ annual target bonus as in effect for the calendar year in which
the Change of Control Termination occurs, payable in accordance with the Company’s
usual payroll practices.

(ii)                                  Stock Options.  Any stock
options granted to Davis that are outstanding immediately prior to but are not
vested as of the date of the Change of Control Termination shall become 100%
vested as of the date of the Change of Control Termination.

(iii)                               Benefits.  For
a period of one year following Davis’ date of termination, the continuation of
the same or comparable life, health, disability, vision, hospitalization,
dental and other insurance coverage (including equivalent coverage for Davis’
spouse and dependent children) as Davis was receiving immediately prior to the
Change of Control.

b.                                      Offer of Employment with Successor.  If upon a Change of Control Davis is offered employment by the Company’s successor with responsibilities substantially similar to that contemplated by this Agreement and Davis does not accept such offer, 33.3% of the stock options granted to Davis that are outstanding immediately prior to but are not vested as of the date of the Change of Control shall become vested as of the date of the Change of Control.

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c.                                       Employment with Successor.  If upon a Change of Control Davis accepts employment with the Company’s successor with responsibilities substantially similar to that contemplated by this Agreement, 33.3% of the stock options granted to Davis that are outstanding immediately prior to but are not vested as of the date of the Change of Control shall become vested as of the date of the Change of Control. If Davis terminates his employment for Good Reason (as defined below) with the Company’s successor on or after the 6-month anniversary of commencement of such employment, all remaining stock options granted to Davis that are outstanding immediately prior to but are not vested as of the date of his termination for Good Reason shall become vested as of the date of such termination.

d.                                      For the purposes of this Section, “Change of Control” means the occurrence of any of the
following events:

(i)                                     any “person” (as such term is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended)
becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act),
directly or indirectly, of securities of the Company representing 50% or more
of the then outstanding shares of the Company’s common stock or the total
voting power represented by the Company’s then outstanding voting securities
(other than pursuant to a Business Combination which is covered by clause (iii)
below);

(ii)                                  the consummation of the sale or other
disposition (including in whole or in part through licensing arrangement(s)) of
all or substantially all of the Company’s assets, other than sales, other
dispositions or licenses of assets made to a parent or a  wholly-owned subsidiary of the Company, or an
entity under common control with the Company;

(iii)                               the consummation of a reorganization, merger,
statutory share exchange or consolidation or similar transaction involving the
Company or the acquisition of assets or stock of another entity by the Company
or any of its subsidiaries, or a series of related such transactions (each, a “Business Combination”), in each case unless following such
Business Combination (A) the voting securities of the Company outstanding
immediately prior thereto continue to represent (either by remaining outstanding
or by being converted into voting securities of the surviving entity or any
entity (a “Parent”) that, as a result of such
transaction, owns the Company or the surviving entity or all or substantially
all of the Company’s or surviving entity’s assets directly or through one or
more subsidiaries) at least 50% of the total voting power represented by the Company’s
voting securities or such surviving entity or Parent outstanding immediately
after such Business Combination; and (B) no person (excluding any entity
resulting from such Business Combination or a Parent or any employee benefit
plan (or related trust) of the Company or such entity resulting from such
Business Combination or Parent) beneficially owns, directly or indirectly, 50%
or more of, respectively, the then-outstanding shares of common stock of the
entity resulting from such Business Combination or the total voting power of
the then-outstanding voting securities of such entity, except to the extent
that the ownership in excess of 50% existed prior to the Business Combination; or

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(iv)                              approval by the Company’s stockholders of a
complete liquidation or dissolution of the Company other than in the context of
a transaction or series of related transactions that would not constitute a
Change of Control under clause (iii) above.

e.                                       For the purposes of this Section, a “Change of Control Termination” shall mean a termination of
employment within one year following a Change of Control where the Company or a
party effecting a Change of Control of the Company terminates Davis’ employment
without Cause, other than as the result of Davis’ death or disability.

f.                                         For
the purposes of this Section, “Good Reason”
shall exist if Davis terminates his employment within 60 days of the occurrence
of any of the following:  (i) a material
adverse change in his position or title; or (ii) a reduction in his base salary
from that provided in this Agreement unless the reduction affects all employees
generally.

8.                                         Corporate Opportunities.

a.                                       Duty to Notify.  In
the event that during the Term Davis shall become aware of any material and
significant business opportunity directly related to any of the Company’s
significant businesses, Davis shall promptly notify the Company’s Board of
Directors of such opportunity.  Davis shall
not appropriate for himself or for any other person other than the Company, or
any affiliate of the Company, any such opportunity unless, as to any particular
opportunity, the Board of Directors fails to take appropriate action within 30
days.  Davis’ duty to notify the Company
and to refrain from appropriating all such opportunities for 30 days shall
neither be limited by, nor shall such duty limit, the application of the
general law of Georgia relating to the fiduciary duties of an agent or
employee.

b.                                      Failure to Notify.  In
the event that Davis fails to notify the Company of, or so appropriates, any
such opportunity without the express written consent of the Company, Davis
shall be deemed to have violated the provisions of this Section notwith­standing
(i) the capacity in which Davis shall have acquired such opportunity; or (ii) the
probable success in the Company’s hands of such opportunity.

9.                                       Miscellaneous.

a.                                       Entire Agreement.  This
Agreement constitutes the entire agreement and understanding between the
parties with respect to the subject matters herein, and supersedes and replaces
any prior agreements and understandings, whether oral or written between them
with respect to such matters.  The
provisions of this Agreement may be waived, altered, amended or repealed in
whole or in part only upon the written consent of both parties to this
Agreement.

b.                                      No Implied Waivers.  The
failure of either party at any time to require performance by the other party
of any provision hereof shall not affect in any way the right to require such
per­form­ance at any time thereafter, nor shall the waiver by either party of a
breach of any provision hereof be taken or held to be a waiver of any
subsequent breach of the same provision or any other provision.

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c.                                       Personal Services.  It
is understood that the services to be performed by Davis hereunder are personal
in nature and the obligations to perform such services and the conditions and
covenants of this Agreement cannot be assigned by Davis.  This Agreement shall inure to the benefit of
and bind the successors and assigns of the Company.

d.                                      Severability.  If
for any reason any provision of this Agreement shall be determined to be
invalid or inoperative, the validity and effect of the other provisions hereof
shall not be affected thereby.

e.                                       Applicable Law.  This
Agreement shall be governed by and construed in accordance with the laws of the
State of Georgia without regard to conflict of law principles.

f.                                         Notices.  All
notices, requests, demands, instruc­tions or other communications required or
permitted to be given under this Agreement shall be in writing and shall be
deemed to have been duly given upon delivery, if delivered personally, or if
given by prepaid telegram, or mailed first-class, postage prepaid, registered
or certified mail, return receipt requested, shall be deemed to have been given
72 hours after such delivery, if addressed to the other party at the addresses
as set forth on the signature page below. 
Either party hereto may change the address to which such communications
are to be directed by giving written notice to the other party hereto of such
change in the manner above provided.

{remainder
of page intentionally left blank}

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IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first written above.

	
  VYYO INC.

  	
   

  	
  WAYNE DAVIS

  
	
  6625 The Corners Parkway, Suite 100

  	
   

  	
  6625 The Corners Parkway, Suite 100

  
	
  Norcross, Georgia 30092

  	
   

  	
  Norcross, Georgia 30092

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Davidi Gilo

  	
   

  	
  /s/ Wayne Davis

  
	
   

  	
  Davidi Gilo, Chairman of the Board of

  	
   

  	
  (Signature)

  
	
   

  	
  Directors

  	
   

  	
   

  

 

**SIGNATURE
PAGE TO EMPLOYMENT AGREEMENT**

 8

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