Common use of SOFTWARE LTD Clause in Contracts

SOFTWARE LTD. By: -------------------------------- Name: Title: INVESTORS: Israel Seed IV, L.P. Argos Capital Management, Inc. By: By: ------------------------------- -------------------------------- Signature Signature ----------------------------- ------------------------------- Name and Title of Signatory Name and Title of Signatory Exhibit A Schedule of Investors and Investment Amount ----------------------------------------- ----------------- ------------- -------------- Name and Address of Investor Amount of No. of No. of Investment Ordinary Warrants Shares ----------------------------------------- ----------------- ------------- -------------- Israel Seed IV, L.P. $1,000,000 1,666,667 1,000,000 Queensgate Bank & Trust Company Ltd. Harbour Place, 5th Floor 103 South Church Street P.O. Box 30464 SMB ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇a▇▇ ▇▇▇: (▇▇▇ ▇) ▇▇▇ ▇▇▇1 Fax: (972 2) 565 5122 email: daniel@israelseed.com ▇▇▇▇: ▇▇▇▇▇▇ ▇▇▇nn ----------------------------------------- ----------------- ------------- -------------- Argos Capital Management, Inc. $500,000 833,333 500,000 211 West 61st Street, 6th Floor New York, NY 10023 Tel: 212-265-9363 ▇▇▇: ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇▇▇: ▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇▇▇. ▇▇▇raim F. ▇▇▇▇▇▇ ----------------------------------------- ----------------- ------------- -------------- Exhibit B Form of Warrant Issued _______, 200_ THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY SET FORTH HEREIN. "THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE COMPANY MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY ACCEPTABLE THAT SUCH REGISTRATION IS NOT REQUIRED. THIS WARRANT MAY NOT BE EXERCISED EXCEPT IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE SECURITIES LAWS TO THE REASONABLE SATISFACTION OF THE COMPANY AND LEGAL COUNSEL FOR THE COMPANY. Void after ________, 200_ COMMTOUCH SOFTWARE LTD. WARRANT TO PURCHASE UP TO ________ [ORDINARY] SHARES ----------

SOFTWARE LTD. By: -------------------------------- ------------------------ Name: Title: INVESTORS: Israel Seed IV, L.P. Argos Capital Management, Inc. Victor Haim Amara By: By: ------------------------------- -------------------------------- Signature Signature ----------------------------- ------------------------------- Name and Title of Signatory Sign▇▇▇▇▇ ----------------------------- Name and Title of Signatory Exhibit A Schedule of Investors and Investment Amount ----------------------------------------- ----------------- ------------- -------------- Name and Address of Investor Amount of No. of No. of Investment Ordinary Warrants Shares ----------------------------------------- ----------------- ------------- -------------- Victor Haim Amara $100,000 166,6▇▇ ▇▇0,000 Marcus St. 8 Jerusalem, 92333 Israel Seed IV, L.P. $1,000,000 1,666,667 1,000,000 Queensgate Bank & Trust Company Ltd. Harbour Place, 5th Floor 103 South Church Street P.O. Box 30464 SMB Fax/Tel: 972-2-5660979 Email: v.amara@▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇a▇▇ ▇▇▇: (▇▇▇ ▇) ▇▇▇ ▇▇▇1 Fax: (972 2) 565 5122 email: daniel@israelseed.com ▇▇▇▇: ▇▇▇▇▇▇ ▇▇▇nn ----------------------------------------- ----------------- ------------- -------------- Argos Capital Management, Inc. $500,000 833,333 500,000 211 West 61st Street, 6th Floor New York, NY 10023 Tel: 212-265-9363 ▇▇▇: ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇▇▇: ▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇▇▇. ▇▇▇raim F. ▇▇▇▇▇▇ ----------------------------------------- ----------------- ------------- -------------- Exhibit B Form of Warrant Issued _______, 200_ THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY SET FORTH HEREIN. "THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE COMPANY MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY ACCEPTABLE THAT SUCH REGISTRATION IS NOT REQUIRED. THIS WARRANT MAY NOT BE EXERCISED EXCEPT IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE SECURITIES LAWS TO THE REASONABLE SATISFACTION OF THE COMPANY AND LEGAL COUNSEL FOR THE COMPANY. Void after ________, 200_ COMMTOUCH SOFTWARE LTD. WARRANT TO PURCHASE UP TO ________ [ORDINARY] SHARES ----------