October 25, 2007Letter Agreement • October 29th, 2007 • IXI Mobile, Inc. • Communications services, nec • Delaware
Reference is hereby made to that certain Letter Agreement (as amended) entered into between us on June 19, 2006 (the "June '06 Letter Agreement") providing for the extension by you of a guaranty previously provided by you to Bank Leumi Le’Israel Ltd. (the "Bank") to secure the obligations of IXI Mobile (R&D) Ltd. ("Subsidiary") in connection with that certain line of credit (the "LOC") and loan (the "Loan") obtained by the Subsidiary from the Bank in the aggregate principal commitment amount of $8,000,000.
WARRANTWarrant • October 29th, 2007 • IXI Mobile, Inc. • Communications services, nec • New York
THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT (THE "SECURITIES") HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (THE "SECURITIES ACT") OR QUALIFIED UNDER ANY STATE OR FOREIGN SECURITIES LAW, AND THE WARRANT MAY NOT BE EXERCISED AND THE WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE MAY NOT BE SOLD, TRANSFERRED, PLEDGED, ASSIGNED OR HYPOTHECATED, UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT COVERING THIS WARRANT AND/OR SUCH SECURITIES.
October __, 2007IXI Mobile, Inc. • October 29th, 2007 • Communications services, nec
The purpose of this Letter Agreement is to set forth the terms and conditions of our understanding and agreement relating to the conversion of a certain loan (the "Loan") provided by you to IXI Mobile (R&D) Ltd. ("Borrower") pursuant to a certain Loan Agreement dated June 19, 2006, as amended (the "June '06 Loan Agreement").
