ContractCrow Technologies 1977 LTD • July 15th, 2004 • Services-telephone interconnect systems
***Confidential treatment requested as to the name of the buyer and certain other portions of this agreement, which name and other portions were omitted and filed separately with the Securities and Exchange Commission
Translation form hebrewLetter of Agreement • July 15th, 2004 • Crow Technologies 1977 LTD • Services-telephone interconnect systems
Whereas I serve as the chairman of the board of the company; And whereas I hold the reputation, expertise, experience, ability and appropriate business relations with banks and other strategic financial entities, which all enable me to assist and provide services for the company regarding the handling and promoting of the company’s negotiations with banks and other strategic financial entities, with respect to the matters detailed below; and whereas the company’s agenda provides for the regulation of the company’s current credit layout and for the execution of a re-organization of the company’s credit layout; and whereas, in fact, as the chairman of board of the company, I serve and dedicate time to the company in matters detailed above and below in this letter, at a scope which exceeds the customary standard for a chairman of the board; Therefore, I propose to regulate my activity and function as the chairman of the board as follow:
AGREEMENTAgreement • July 15th, 2004 • Crow Technologies 1977 LTD • Services-telephone interconnect systems
This Agreement (the “Agreement”) made this 16th day of March, 2004 by and between Video Domain Technologies Ltd., an Israeli company organized under the laws of the State of Israel, private company number 51-247748-0 (“VDT”) and Crow Electronic Engineering Ltd., an Israeli company organized under the laws of the State of Israel, private company number 52-003903-3 (“Crow”).
