AGREEMENT Dated November 30, 2006Level 8 Systems Inc • January 16th, 2007 • 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 15, 2006 (the “Guaranty”). The outstanding principal amount of the Note is $1,971,000.
