0001178913-05-000827 Sample Contracts

LOAN AGREEMENT
Loan Agreement • June 28th, 2005 • Arel Communications & Software LTD • Services-computer integrated systems design

THIS LOAN AGREEMENT (this “Agreement”) is made as of the 8th day of March, 2005, by and between Arel Communications and Software Ltd., a company organized under the laws of the State of Israel (the “Company”) and Cetus Corp., an Ohio corporation (the “Lender”).

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AGREEMENT
Agreement • June 28th, 2005 • Arel Communications & Software LTD • Services-computer integrated systems design

THIS AGREEMENT is entered into as of the 30th day of June, 2004 between AREL COMMUNICATIONS & SOFTWARE LTD., an Israeli corporation (“Arel”) and GEORGE P. MORRIS (“Mr. Morris”), under the following circumstances:

TRANSLATION OF ORIGINAL HEBREW AGREEMENT Personal Employment Agreement Made and Executed in Nes Tziona on December 31, 2004.
Original Hebrew Agreement • June 28th, 2005 • Arel Communications & Software LTD • Services-computer integrated systems design

Whereas: The Employee has been employed by the Company since June 5, 2000 pursuant to a previous employment agreement dated July 6, 2000, as amended, which shall terminate on December 31, 2004;

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