Exhibit 2.9.10
ADDENDUM 2 TO CONVERTIBLE LOAN AGREEMENT
THIS ADDENDUM 2 TO CONVERTIBLE LOAN AGREEMENT (this "Addendum") dated
as of May 15, 2003 ("Effective Date"), is by and between Commtouch Software
Ltd., an Israeli corporation ("Commtouch"), and the lenders signing below (each,
a "Lender", and collectively, the "Lenders").
WHEREAS, Commtouch and the Lenders previously executed the Convertible
Loan Agreement on January 29, 2003 ("Agreement"); and
WHEREAS, the Lenders have funded the first tranche of the Loan, and
have indicated their intent to fund the second tranche of the Loan; and
WHEREAS, XDL Capital Corp., on behalf of certain of the existing and
new Lenders, has exercised the option to fund the additional amount of the Loan
of $345,000 pursuant to Addendum 1 to Convertible Loan Agreement dated March 28,
2003; and
NOW, THEREFORE, in consideration of the foregoing premises and the
representations, warranties, covenants and agreements herein contained, and
intending to be legally bound hereby, the parties agree as follows:
1. Amendment to Exhibit "A" to the Agreement
Exhibit "A" to the Agreement is replaced and superseded by the following new
Exhibit "A":
Lenders' Names and Addresses First Tranche Loan Amount Second Tranche Loan Amount
---------------------------- ------------------------- --------------------------
AxcessNet Resources LLC. $44,000 $156,000
------- --------
0000 Xxxxxx Xxxxxx (Xxxxx 0000),
Xxxxxxx XX 00000
Tel: (000)000-0000;
Fax:(000)000-0000;
Email:xxxx@xxxxxx-xxx.xxx
Xxxx Xxxxx $40,000 $60,000
------- -------
000 Xxxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx
X0X 0X0
Phone: (000) 000-0000
Fax:(000) 000-0000
Email: xxxxxx@xxxxxxxxx.xx
Compugen Systems Ltd. $50,000 $75,000
------- -------
00 Xxxx Xxxxxxxx
Xxxxxxxx Xxxx, XX Xxxxxx X0X0X0
tel: 000 000-0000, 0-000-000-0000;
fax: (000) 000-0000 Email:
xxxxxx@xxxxxxxx.xxx
Delta Capital Investments Ltd. $20,000 $30,000
------- -------
00-00 Xxxxxxx Xxx
Xxxxxx, XX0X0XX
Fax 00-00-00000000
Email: xxxxx00@xxxxxxxxx.xxx
Attn: Xxxxx Teacher
KKB Ventures LLC $100,000 $150,000
-------- --------
Attn: Xxx Xxxxx
000 Xxxxxxxxxxx Xx. Xxxxxxx, Xx. 00000
Tel: 000 000-0000
Fax: none
Email: xxxxxxx@xxxxxxx.xxx
XDL Capital Corp. $50,000 $165,000
------- --------
00 Xx. Xxxxx Xxxxxx Xxxx, Xxx. 000,
Xxxxxxx, X0X 0X0
Attn: Xxxxx Xxxxxx, ASO & Xxxxxx Xxxxxx
Tel:000-000-0000
fax:000-000-0000
Email: xxxxxxx@xxx.xxx; xxxxxxx@xxx.xxx
Xxxxxx X. Xxxxxxx $30,000 $45,000
------- -------
Xxxxx Xxxxxxx Professor of the
Management of Technology
MIT Xxxxx School of Management
000 Xxxxxxxx Xx.
Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxx@xxx.xxx
LENE L.P. $20,000 $30,000
------- -------
c/o Xxxxx X. Xxxxxxx, General Partner
000 X. Xxxxxxxx Xxx.
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@xxxxxxxxxx.xxx
Xxxx Xxxxxxxxx $8,000 $12,000
------ -------
00000 Xxxx xxxx
Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000 000 0000
xxxxxxxxxx@xxxxxxxxx.xxx
Xxxxx X. Xxxxxxx $25,000
-------
000 X. Xxxxxxxx Xxx.
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@xxxxxxxxxx.xxx
OZF Ltd. $90,000
-------
Tropic Isle Building
Wickhams Cay, P.O. Box 964
Road Town, Tortola, British Virgin
Islands
c/o Tis Prager, Prager Dreifuss,
Xxxxxxxxxxxxx. 0, XX-0000 Xxxxxx,
Xxxxxxxxxxx
Fax: x00 0 000 00 00
Email: xxxx@xxxxxx-xxxxxxxx.xxx
Clarenville Ltd.
Xxxx Xxxxx 00, XX-0000 $50,000
-------
Xxxxxxx Xxxxxx
Limassol, Cyprus
Attn: Xxxxxx Xxxxxxxxx
Tel: x0 000 000 0000
Fax: x0 000 000 0000
Email: xxxxxxxxxx@xxxxx.xxx;
xxxxx@xxxxxxx-xxx.xxx
Attn: Mr. Elikos Xxxx
Tel: 000 0 0000000
Fax: 000 0 0000000
Email: xxxxxx.xxxx@xx.xxx.xxx
2. Amendment to Exhibit "C" to the Agreement
Exhibit "A" to Exhibit "C" of the Agreement is replaced and superseded by the
following new schedule:
Note Holders
AxcessNet Resources LLC. Xxxxxx X. Xxxxxxx
0000 Xxxxxx Xxxxxx (Suite 2400), Xxxxx Xxxxxxx Professor of the Management of
Xxxxxxx XX 00000 Technology
Tel: (000)000-0000; MIT Xxxxx School of Management
Fax:(000)000-0000; 000 Xxxxxxxx Xx.
Xxxxx:xxxx@xxxxxx-xxx.xxx Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxx@xxx.xxx
Xxxx Xxxxx LENE L.P.
000 Xxxxxxxxx Xxxxxx c/o Xxxxx X. Xxxxxxx, General Partner
Toronto, Ontario 000 X. Xxxxxxxx Xxx.
X0X 0X0 Xxxxxxx, XX 00000
Phone: (000) 000-0000 Tel: 000-000-0000
Fax:(000) 000-0000 Fax: 000-000-0000
Email: xxxxxx@xxxxxxxxx.xx Email: xxxxxxxxx@xxxxxxxxxx.xxx
Compugen Systems Ltd. Xxxx Xxxxxxxxx
00 Xxxx Xxxxxxxx 00000 Xxxx xxxx
Xxxxxxxx Xxxx, XX Xxxxxx X0X 0X0 Xxxxxxxxx, XX 00000
tel: 000 000-0000, 0-000-000-0000; Tel: 000-000-0000
fax: (000) 000-0000 Fax: 000 000 0000
Email: xxxxxx@xxxxxxxx.xxx xxxxxxxxxx@xxxxxxxxx.xxx
Delta Capital Investments Ltd. Xxxxx X. Xxxxxxx
00-00 Xxxxxxx Xxx 000 X. Xxxxxxxx Xxx.
Xxxxxx, XX0X0XX Xxxxxxx, XX 00000
Fax 00-00-00000000 Tel: 000-000-0000
Email: xxxxx00@xxxxxxxxx.xxx Fax: 000-000-0000
Attn: Xxxxx Teacher Email: xxxxxxxxx@xxxxxxxxxx.xxx
KKB Ventures LLC OZF Ltd.
Attn: Xxx Xxxxx Tropic Isle Building
000 Xxxxxxxxxxx Xx. Xxxxxxx, Xx. 00000 Wickhams Cay, X.X. Xxx 000
Tel: 000 000-0000 Road Town, Tortola, British Virgin Islands
Fax: none c/o Tis Prager, Prager Dreifuss, Muehlebachstr.
Email: xxxxxxx@xxxxxxx.xxx 0, XX-0000 Xxxxxx, Xxxxxxxxxxx
Fax: x00 0 000 00 00
Email: xxxx@xxxxxx-xxxxxxxx.xxx
XDL Capital Corp. Clarenville Ltd.
00 Xx. Xxxxx Xxxxxx Xxxx, 0xx Xxxxx, Xxxx Court 86, XX-0000
Xxxxxxx, X0X 0X0 Xxxxxxx Xxxxxx
Xxx:000-000-0000 Xxxxxxxx, Xxxxxx
fax:000-000-0000 Attn: Xxxxxx Xxxxxxxxx
Email: xxxxxxx@xxxxxx.xxxxxx.xxx Tel: x0 000 000 0000
Fax: x0 000 000 0000
Email: xxxxxxxxxx@xxxxx.xxx;
xxxxx@xxxxxxx-xxx.xxx
Attn: Mr. Elikos Xxxx
Tel: 000 0 0000000
Fax: 000 0 0000000
Email: xxxxxx.xxxx@xx.xxx.xxx
3. Amendment to Exhibit "G" to the Agreement
Annex 1 to Exhibit "G" to the Agreement is replaced and superseded by the
following new Annex 1:
AxcessNet Resources LLC.
0000 Xxxxxx Xxxxxx (Xxxxx 0000)
Xxxxxxx XX 00000
Tel: (000)000-0000;
Fax:(781)466-882;
Email:xxxx@xxxxxx-xxx.xxx
Xxxx Xxxxx
000 Xxxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx
X0X 0X0
Phone: (000) 000-0000
Fax:(000) 000-0000
Email: xxxxxx@xxxxxxxxx.xx
Compugen Systems Ltd.
00 Xxxx Xxxxxxxx
Xxxxxxxx Xxxx, XX Xxxxxx X0X 0X0
tel: 000 000-0000, 0-000-000-0000;
Email: xxxxxx@xxxxxxxx.xxx
Delta Capital Ltd.
000-000 Xxxxxxxx Xxxx
Xxxxxx, XX000XX
Fax 00-00-00000000
Email: Xxxxx@xxxxxxxx.xxxxx.xx.xx
xxxxxx@xxxxxxx.xxx
KKB Ventures LLC
Attn: Xxx Xxxxx
000 Xxxxxxxxxxx Xx.
Xxxxxxx,Xx. 00000
Tel: 000 000-0000
Fax: none
Email: xxxxxxx@xxxxxxx.xxx
XDL Capital Corp.
00 Xx. Xxxxx Xxxxxx Xxxx, Xxx. 000,
Xxxxxxx, X0X 0X0
Attn: Xxxxx Xxxxxx, ASO & Xxxxxx Xxxxxx
Tel:000-000-0000
fax:000-000-0000
Email: xxxxxxx@xxx.xxx; xxxxxxx@xxx.xxx
Xxxxxx X. Xxxxxxx
Xxxxx Xxxxxxx Professor of the Management of Technology
MIT Xxxxx School of Management
000 Xxxxxxxx Xx.
Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxx@xxx.xxx
LENE L.P.
c/o Xxxxx X. Xxxxxxx, General Partner
000 X. Xxxxxxxx Xxx.
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@xxxxxxxxxx.xxx
Xxxx Xxxxxxxxx
00000 Xxxx xxxx
Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000 000 0000
xxxxxxxxxx@xxxxxxxxx.xxx
Xxxxx X. Xxxxxxx
000 X. Xxxxxxxx Xxx.
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@xxxxxxxxxx.xxx
OZF Ltd.
Tropic Isle Building
Wickhams Cay, P.O. Box 964
Road Town, Tortola, British Virgin Islands
c/o Tis Prager, Prager Dreifuss, Xxxxxxxxxxxxx. 0,
XX-0000 Xxxxxx, Xxxxxxxxxxx
Fax: x00 0 000 00 00
Email: xxxx@xxxxxx-xxxxxxxx.xxx
Clarenville Ltd.
Xxxx Xxxxx 00, XX-0000
Xxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxx
Attn: Xxxxxx Xxxxxxxxx
Tel: x0 000 000 0000
Fax: x0 000 000 0000
Email: xxxxxxxxxx@xxxxx.xxx;
xxxxx@xxxxxxx-xxx.xxx
Attn: Mr. Elikos Xxxx
Tel: 000 0 0000000
Fax: 000 0 0000000
Email: xxxxxx.xxxx@xx.xxx.xxx
4. Amendment to Exhibit "H" to the Agreement
Annex 1 to Exhibit "H" to the Agreement is replaced and superseded by the
following new Annex 1:
AxcessNet Resources LLC.
0000 Xxxxxx Xxxxxx (Xxxxx 0000), Xxxxxxx XX 00000
Tel: (000)000-0000;
Fax:(781)466-882;
Email:xxxx@xxxxxx-xxx.xxx
Xxxx Xxxxx
000 Xxxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx
X0X 0X0
Phone: (000) 000-0000
Fax:(000) 000-0000
Email: xxxxxx@xxxxxxxxx.xx
Compugen Systems Ltd.
00 Xxxx Xxxxxxxx
Xxxxxxxx Xxxx, XX Xxxxxx X0X 0X0
tel: 000 000-0000, 0-000-000-0000;
Email: xxxxxx@xxxxxxxx.xxx
Delta Capital Ltd.
000-000 Xxxxxxxx Xxxx
Xxxxxx, XX000XX
Fax 00-00-00000000
Email: Xxxxx@xxxxxxxx.xxxxx.xx.xx
xxxxxx@xxxxxxx.xxx
KKB Ventures LLC
Attn: Xxx Xxxxx
000 Xxxxxxxxxxx Xx.
Xxxxxxx,Xx. 00000
Tel: 000 000-0000
Fax: none
Email: xxxxxxx@xxxxxxx.xxx
XDL Capital Corp.
00 Xx. Xxxxx Xxxxxx Xxxx, Xxx. 000,
Xxxxxxx, X0X 0X0
Attn: Xxxxx Xxxxxx, ASO & Xxxxxx Xxxxxx
Tel:000-000-0000
fax:000-000-0000
Email: xxxxxxx@xxx.xxx; xxxxxxx@xxx.xxx
Xxxxxx X. Xxxxxxx
Xxxxx Xxxxxxx Professor of the Management of Technology
MIT Xxxxx School of Management
000 Xxxxxxxx Xx.
Xxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxx@xxx.xxx
LENE L.P.
c/o Xxxxx X. Xxxxxxx, General Partner
000 X. Xxxxxxxx Xxx.
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@xxxxxxxxxx.xxx
Xxxx Xxxxxxxxx
00000 Xxxx xxxx
Xxxxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000 000 0000
xxxxxxxxxx@xxxxxxxxx.xxx
Xxxxx X. Xxxxxxx
000 X. Xxxxxxxx Xxx.
Xxxxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@xxxxxxxxxx.xxx
OZF Ltd.
Tropic Isle Building
Wickhams Cay, P.O. Box 964
Road Town, Tortola, British Virgin Islands
c/o Tis Prager, Prager Dreifuss, Xxxxxxxxxxxxx. 0,
XX-0000 Xxxxxx, Xxxxxxxxxxx
Fax: x00 0 000 00 00
Email: xxxx@xxxxxx-xxxxxxxx.xxx
Clarenville Ltd.
Xxxx Xxxxx 00, XX-0000
Xxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxx
Attn: Xxxxxx Xxxxxxxxx
Tel: x0 000 000 0000
Fax: x0 000 000 0000
Email: xxxxxxxxxx@xxxxx.xxx;
xxxxx@xxxxxxx-xxx.xxx
Attn: Mr. Elikos Xxxx
Tel: 000 0 0000000
Fax: 000 0 0000000
Email: xxxxxx.xxxx@xx.xxx.xxx
5. GENERAL
a. Terms used herein shall have the same meaning as ascribed to such terms
in the Agreement.
b. In signing this Addendum 2, the signatories hereon: (i) agree that the
new lenders to the Agreement added by way of this addendum (i.e. Xxxxx
X. Xxxxxxx, OZF Ltd. and Clarenville Ltd.) shall be deemed to be
"Lenders" under the Agreement in all respects, with accompanying rights
and obligations associated with that term being assumed by such new
lenders as if they were original signatories to the Agreement; (ii)
agree that the signatures hereon by such new lenders shall constitute
their signature to those agreements attached to the Agreement as
Exhibits that were previously executed by all Lenders independent of
the execution of the Agreement; (iii) waive any claim, right or defense
against any other party including against any new lender, based on the
fact that the Second Tranche exceeds $750,000; (iv) waive any claim,
right or defense against any other party including against any new
lender, based on any delay in providing notice of intent to
participate, or funding, which occurred prior to the signing of this
Addendum or lack of participation in the First Tranche; (v) acknowledge
that each party has the obligation to ascertain for itself that all
closing conditions have been satisfied; (vi) acknowledge that s.10.2 of
the Agreement is amended for new lenders to oblige them only to fund
the Second Tranche.
c. The new lenders confirm having had the opportunity to obtain
independent legal advice, to do due diligence satisfactory for their
purposes, and to review the Convertible Loan Agreement dated January
29, 2003 and all exhibits and schedules therein, or documents
incorporated by reference.
d. The Company confirms it is not in default under the Agreement,
including the promissory notes, and any other document referred to in
the Agreement.
e. Except to the extent amended hereby, the terms and conditions of the
Agreement shall remain in full force and effect as between the parties
hereto throughout the term of the Agreement.
IN WITNESS WHEREOF, the parties have caused this Addendum to be executed as of
the Effective Date by their respective authorized representatives.
COMMTOUCH SOFTWARE LTD.
By: ________________ By: _______________
Title: _______________ Title:______________
LENDERS:
AxcessNet Resources LLC Xxxx Xxxxxxxxx
By: __________________________ By: ____________________________
Title: _________________________ Title: ___________________________
Acknowledged and Agreed:
Xxxx Xxxxx COLLATERAL AGENT:
By: __________________________ XDL Capital Corp.
Title: _________________________ By: __________________________
Title: _________________________
Compugen Systems Ltd.
By: __________________________ Delta Capital Investments Ltd.
Title: _________________________ By: __________________________
Title: _________________________
KKB Ventures LLC Xxxxx X. Xxxxxxx
By: __________________________ By: ___________________________
Title: _________________________ Title: __________________________
XDL Capital Corp. OZF Ltd.
By: __________________________ By: ___________________________
Title: _________________________ Title: __________________________
Xxxxxx X. Xxxxxxx Clarenville Ltd.
By: __________________________ By: __________________________
Title: _________________________ Title: _________________________
LENE L.P.
By: ___________________________
Title: __________________________
