0001178913-03-000335 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • June 30th, 2003 • Arel Communications & Software LTD • Services-computer integrated systems design

This EMPLOYMENT AGREEMENT (the “Agreement”) is made as of the 15th day of July, 2002, by and between Daniel Yelin (the “Executive”) and Arel Communications and Software Ltd., a corporation incorporated under the laws of the State of Israel (the “Company”).

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LEASE TERMINATION AGREEMENT
Lease Termination Agreement • June 30th, 2003 • Arel Communications & Software LTD • Services-computer integrated systems design

This Agreement made and entered as of the 26th day of September, 2002 (but effective as of the Termination Date hereinafter set forth), by and between AREL COMMUNICATIONS AND SOFTWARE, LTD. (“Tenant”), and ROLLING MEADOWS DELAWARE, INC., a Delaware corporation (“Landlord”).

EMPLOYMENT AGREEMENT
Employment Agreement • June 30th, 2003 • Arel Communications & Software LTD • Services-computer integrated systems design • New York

This EMPLOYMENT AGREEMENT (the “Agreement”) is made as of the 1st day of May, 2002, by and between Philippe Szwarc (the “Executive”) and Arel Communications and Software Inc., a corporation incorporated under the laws of the State of Delaware (the “Corporation”).

AMENDMENT NO. 2 TO LEASE
Lease Amendment • June 30th, 2003 • Arel Communications & Software LTD • Services-computer integrated systems design

THIS AGREEMENT made this 9th day of October 2002, by and between MILLER-VALENTINE PARTNERS, as Lessor and AREL ACQUISITIONS, INC. successor by Assignment to W2COM, LLC., as Lessee located at 3500 Park Center Drive, Suite 100, Dayton, Ohio 45414.

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