AGREEMENT Dated November , 2005Loan Agreement • December 5th, 2005 • Level 8 Systems Inc • Services-computer programming services • New York
Pursuant to a guaranty agreement between Liraz and Bank Hapoalim B.M. (the “Bank”), Liraz has guaranteed certain obligations of the Company under the Company’s promissory note (the “Note”) dated September 28, 2001, in favor of the Bank, which is due and payable on or about November 03, 2005 (the “Guaranty”). The outstanding principal amount of the Note is $1,971,000.
