Document:

<PAGE>

                          [DSP Group, Inc. letterhead]

                                                               NOVEMBER 17, 1999

Amendment to Employment Agreement

Between DSP Group, Inc., DSP Group, Ltd. and Eli Ayalon. Effective date November
11, 1999.

In the event Mr. Ayalon will desire to terminate the Employment Agreement
without Good Reason, he will have to notify the company one year in advance and
then all his rights under the Employment Agreement would continue for the notice
period plus two years. All options held by Mr. Ayalon will accelerate and
immediately vest after 6 months following the notice date and be exercisable in
whole or in part at any time from vesting of the options for a period of two
years.

/s/ IGAL KOHAVI                       /s/ ELI AYALON
--------------------                  --------------------
DSP Group, Inc.                       Eli Ayalon

/s/ ELI AYALON
--------------------
DSP Group, Inc.

                                      /s/ SHAUL SHANI
                                      -------------------------
                                      Shaul Shani - Chairman of
                                      Compensation Committee<PAGE>

                          [DSP Group, Inc. letterhead]

                                                               NOVEMBER 17, 1999

Amendment to Employment Agreement

Between DSP Group, Inc., DSP Group, Ltd. and Igal Kohavi. Effective date
November 11, 1999.

In the event Mr. Kohavi will desire to terminate the Employment Agreement
without Good Reason, he will have to notify the company one year in advance and
then all his rights under the Employment Agreement would continue for the notice
period plus two years. All options held by Mr. Kohavi will accelerate and
immediately vest after 6 months following the notice date and be exercisable in
whole or in part at any time from vesting of the options for a period of two
years.

/s/ IGAL KOHAVI                       /s/ IGAL KOHAVI
--------------------                  --------------------
DSP Group, Inc.                       Igal Kohavi

/s/ ELI AYALON
--------------------
DSP Group, Inc.

                                      /s/ SHAUL SHANI
                                      -------------------------
                                      Shaul Shani - Chairman of
                                      Compensation Committee<PAGE>

                              SEPARATION AGREEMENT

This Agreement, dated as of January 24, 2000, is between DSP Group, Ltd.
("Employer") and Igal Kohavi ("Employee").

                                    RECITALS

Employee is currently employed as the Chairman of the Board of Employer and of
its parent corporation, DSP Group, Inc. (collectively, the "Company").

Employee desires to terminate his employment with the Company for "Good Reason"
within the meaning of his employment agreement, effective on January 24, 2000
("Effective Date").

This Agreement implements the terms of and supersedes the June 1, 1997
Employment Agreement, the November 3, 1997 Amendment to Employment Agreement,
and the November 17, 1999 Amendment to Employment Agreement.

ACCORDINGLY, the parties agree as follows:

1.    Resignation of Duties. As of the Effective Date, Employee resigns as an
      officer and director of Employer and from all other positions he holds
      with Employer, its parent corporation, and its subsidiaries. As of the
      Effective Date, Employee shall cease all work on behalf of the Company.

2.    Consideration. Employer agrees to provide Employee with the following
      benefits. Except as specifically provided herein, all compensation and
      benefits will cease as of the Effective Date.

      (a)   Salary, Vacation Pay and Manager's Insurance. Employer shall pay
            Employee the salary and accrued paid vacation up to the Effective
            Date. The sums accumulated in the Manager's Insurance policy
            (bituach menehalim) shall be transferred to the Employee on the
            Effective Date.

      (b)   Bonus. Employer shall pay Employee a lump-sum bonus of $200,000,
            payable on the Effective Date.

      (c)   Stock Options. As provided in the November 3, 1998 Amendment to the
            Employment Agreement in the case of termination by Employee for Good
            Reason, all stock options granted to Employee by DSP Group, Inc. as
            of the Effective Date will vest in full on January 24, 2000 and may
            be exercised in whole or in part until January 23, 2002.

      (d)   Indemnification Agreement. The Indemnification Agreement dated
            September 21, 1995 between DSP Group, Inc. and Igal Kohavi shall
            continue in full force and shall not be affected by this Agreement.

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<PAGE>

3.    Other Obligations of Employee.

      (a)   Waiver. Employee waives any right to two years of additional
            compensation and any right to acquire shares in any subsidiary of
            the Company.

      (b)   Interference with Business. For a period of one (1) year after the
            Effective Date, Employee agrees not to engage in any business
            activity that directly or indirectly interferes with the Company's
            business activities. Such prohibited activities include, but are not
            limited to, the following: making disparaging or defamatory
            statements about the Company or the Company's officers or employees;
            inducing or attempting to induce the Company's employees to resign
            from the Company; and creating or assisting in any business that
            will directly or indirectly compete with the Company.

      (c)   Return of Property. On the Effective Date, Employee shall return to
            the Company all property of the Company, including, without
            limitation, all equipment, tangible proprietary information,
            documents, books, records, reports, contracts, lists, computer disks
            (or other computer-generated files or data), or copies thereof,
            created on any medium, prepared or obtained by Employee in the
            course of or incident to his employment with the Company.

4.    Potential Joint Venture Between Employee and the Company. A committee
      ("Committee") of three directors of the parent corporation of Employer,
      Eliyahu Ayalon, Zvi Limon and Saul Shani (collectively the "Committee
      Members"), will be formed to evaluate the proposal that the Company invest
      $7.5 million as a limited partner in a venture capital fund to be formed
      with Employee as a general partner. Employee and Employer acknowledge
      that, while the Committee Members have indicated that they are favorably
      disposed toward such an investment, the Company has no obligation to make
      any such investment unless the Committee formally approves the proposal.

5.    Mutual Release. Employee and Employer and their respective representatives
      (collectively, the "Releasors") waive all claims of any kind, known and
      unknown, which either party may now have or have ever had against the
      other party, its affiliated, related, parent and subsidiary corporations,
      and its and their present and former directors, officers, and employees
      (collectively, the "Released Parties"). This release includes all claims
      arising from Employee's employment with Employer and the termination of
      this employment, including employment discrimination claims under the
      California Fair Employment and Housing Act, Title VII, the Age
      Discrimination in Employment Act and any other state or federal law.

      Because this release specifically covers known and unknown claims, each
      party waives its rights under section 1542 of the California Civil Code,
      which states: "A general release does not extend to claims which the
      creditor does not know or suspect to exist in his favor at the time of
      executing the release, which if known by him must have materially affected
      his settlement to the debtor."

      Employer and Employee agree not to initiate or cause to be initiated any
      lawsuit, administrative claim, investigation, or proceeding of any kind
      concerning the claims released by this

                                       2
<PAGE>

      paragraph, or to voluntarily participate in one except as required by law.
      Instead, the parties agree that any and all disputes arising out of the
      terms of this agreement, their interpretation, and any of the matters
      herein being released, shall be resolved by the binding arbitration to be
      held in Santa Clara County, California, in accordance with the American
      Arbitration Association's California Employment Dispute Resolution Rules.

6.    Notices. Any notice or other communication under this Agreement must be in
      writing and shall be effective upon delivery by hand or three (3) business
      days after deposit in the mail, postage prepaid, certified or registered,
      and addressed to Employer or to Employee at the corresponding address
      below. Employee shall be obligated to notify Employer in writing of any
      change in his address. Notice of change of address shall be effective only
      when done in accordance with this Section.

      Employer's Notice Address:

      DSP Group Ltd.
      5 Shenkar Street
      46120 Herzelia
      ISRAEL
      ATTN: Eli Ayalon, President

      Employee's Notice Address:

      Igal Kohavi

      --------------------------

      --------------------------

      --------------------------

7.    Integration. The parties understand and agree that the preceding Sections
      recite the sole consideration for this Agreement; that no representation
      or promise has been made by Employee, Employer, or any other Released
      Party on any subject whatsoever, except as expressly set forth in this
      Agreement; and that all agreements and understandings between the parties
      on any subject whatsoever are embodied and expressed in this Agreement.
      This Agreement shall supersede all prior or contemporaneous agreements and
      understandings among Employee, Employer, and any other Released Party,
      whether written or oral, express or implied, with respect to any subject
      whatsoever, including without limitation, any employment-related agreement
      or benefit plan, except to the extent that the provisions of any such
      agreement or plan have been expressly referred to in this Agreement as
      having continued effect.

8.    Amendments; Waivers. This Agreement may not be amended except by an
      instrument in writing, signed by each of the parties. No failure to
      exercise and no delay in exercising any right, remedy, or power under this
      Agreement shall operate as a waiver thereof, nor shall any single or
      partial exercise of any right, remedy, or power under this Agreement
      preclude any other or further exercise thereof, or the exercise of any
      other right, remedy, or power provided herein or by law or in equity.

                                       3
<PAGE>

9.    Assignment; Successors and Assigns. Employee agrees that he will not
      assign, sell, transfer, delegate, or otherwise dispose of, whether
      voluntarily or involuntarily, or by operation of law, any rights or
      obligations under this Agreement. Any such purported assignment, transfer,
      or delegation shall be null and void. Employee represents that he has not
      previously assigned or transferred any claims or rights released by him
      pursuant to this Agreement. Subject to the foregoing, this Agreement shall
      be binding upon and shall inure to the benefit of the parties and their
      respective heirs, successors, attorneys, and permitted assigns. This
      Agreement shall also inure to the benefit of any Released Party. This
      Agreement shall not benefit any other person or entity except as
      specifically enumerated in this Agreement.

10.   Severability. If any provision of this Agreement, or its application to
      any person, place, or circumstance, is held by an arbitrator or a court of
      competent jurisdiction to be invalid, unenforceable, or void, such
      provision shall be enforced to the greatest extent permitted by law, and
      the remainder of this Agreement and such provision as applied to other
      persons, places, and circumstances shall remain in full force and effect.

11.   Attorneys' Fees. In any legal action, arbitration, or other proceeding
      brought to enforce or interpret the terms of this Agreement, the
      prevailing party shall be entitled to recover reasonable attorneys' fees
      and costs.

12.   Governing Law. Except as expressly stated otherwise, this Agreement shall
      be governed by and construed in accordance with the law of the State of
      California.

13.   Interpretation. This Agreement shall be construed as a whole, according to
      its fair meaning, and not in favor of or against any party. By way of
      example and not in limitation, this Agreement shall not be construed in
      favor of the party receiving a benefit nor against the party responsible
      for any particular language in this Agreement. Captions are used for
      reference purposes only and should be ignored in the interpretation of the
      Agreement.

14.   Representation by Counsel. The parties acknowledge that (i) they have had
      the opportunity to consult counsel in regard to this Agreement; (ii) they
      have read and understand the Agreement and they are fully aware of its
      legal effect; and (iii) they are entering into this Agreement freely and
      voluntarily, and based on each party's own judgment and not on any
      representations or promises made by the other party, other than those
      contained in this Agreement.

                                       4
<PAGE>

      The parties have duly executed this Agreement as of the date first written
above.

Igal Kohavi

/s/ IGAL KOHAVI
--------------------------------

DSP Group, Ltd.

/s/ ELI AYALON                           /s/ MOSHE ZELNIK
--------------------------------         ------------------------------------

By: Eli Ayalon                           By: Moshe Zelnik
    ----------------------------             --------------------------------

Its: President & CEO                     Its: VP Finance & CFO
     ---------------------------              -------------------------------

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