Exhibit 2.9.10
ADDENDUM 2 TO CONVERTIBLE LOAN AGREEMENT
THIS ADDENDUM 2 TO CONVERTIBLE LOAN AGREEMENT (this "Addendum") dated
as of May 15, 2003 ("Effective Date"), is by and between Commtouch Software
Ltd., an Israeli corporation ("Commtouch"), and the lenders signing below (each,
a "Lender", and collectively, the "Lenders").
WHEREAS, Commtouch and the Lenders previously executed the Convertible
Loan Agreement on January 29, 2003 ("Agreement"); and
WHEREAS, the Lenders have funded the first tranche of the Loan, and
have indicated their intent to fund the second tranche of the Loan; and
WHEREAS, XDL Capital Corp., on behalf of certain of the existing and
new Lenders, has exercised the option to fund the additional amount of the Loan
of $345,000 pursuant to Addendum 1 to Convertible Loan Agreement dated March 28,
2003; and
NOW, THEREFORE, in consideration of the foregoing premises and the
representations, warranties, covenants and agreements herein contained, and
intending to be legally bound hereby, the parties agree as follows:
1. Amendment to Exhibit "A" to the Agreement
Exhibit "A" to the Agreement is replaced and superseded by the following new
Exhibit "A":
Lenders' Names and Addresses First Tranche Loan Amount Second Tranche Loan Amount
---------------------------- ------------------------- --------------------------
AxcessNet Resources LLC. $44,000 $156,000
------- --------
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇▇ ▇▇▇▇),
▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
Tel: (▇▇▇)▇▇▇-▇▇▇▇;
Fax:(▇▇▇)▇▇▇-▇▇▇▇;
Email:▇▇▇▇@▇▇▇▇▇▇-▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇▇ $40,000 $60,000
------- -------
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇ ▇▇▇
Phone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax:(▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇
Compugen Systems Ltd. $50,000 $75,000
------- -------
▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
tel: ▇▇▇ ▇▇▇-▇▇▇▇, ▇-▇▇▇-▇▇▇-▇▇▇▇;
fax: (▇▇▇) ▇▇▇-▇▇▇▇ Email:
▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇
Delta Capital Investments Ltd. $20,000 $30,000
------- -------
▇▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇
Fax ▇▇-▇▇-▇▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇
Attn: ▇▇▇▇▇ Teacher
KKB Ventures LLC $100,000 $150,000
-------- --------
Attn: ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇
Tel: ▇▇▇ ▇▇▇-▇▇▇▇
Fax: none
Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇
XDL Capital Corp. $50,000 $165,000
------- --------
▇▇ ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇. ▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇
Attn: ▇▇▇▇▇ ▇▇▇▇▇▇, ASO & ▇▇▇▇▇▇ ▇▇▇▇▇▇
Tel:▇▇▇-▇▇▇-▇▇▇▇
fax:▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇.▇▇▇; ▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ $30,000 $45,000
------- -------
▇▇▇▇▇ ▇▇▇▇▇▇▇ Professor of the
Management of Technology
MIT ▇▇▇▇▇ School of Management
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇.
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
LENE L.P. $20,000 $30,000
------- -------
c/o ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, General Partner
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇ $8,000 $12,000
------ -------
▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇ ▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ $25,000
-------
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
OZF Ltd. $90,000
-------
Tropic Isle Building
Wickhams Cay, P.O. Box 964
Road Town, Tortola, British Virgin
Islands
c/o Tis Prager, Prager Dreifuss,
▇▇▇▇▇▇▇▇▇▇▇▇▇. ▇, ▇▇-▇▇▇▇ ▇▇▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇ ▇▇ ▇▇
Email: ▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇
Clarenville Ltd.
▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇-▇▇▇▇ $50,000
-------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Limassol, Cyprus
Attn: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Tel: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Fax: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇;
▇▇▇▇▇@▇▇▇▇▇▇▇-▇▇▇.▇▇▇
Attn: Mr. Elikos ▇▇▇▇
Tel: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇.▇▇▇▇@▇▇.▇▇▇.▇▇▇
2. Amendment to Exhibit "C" to the Agreement
Exhibit "A" to Exhibit "C" of the Agreement is replaced and superseded by the
following new schedule:
Note Holders
AxcessNet Resources LLC. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ (Suite 2400), ▇▇▇▇▇ ▇▇▇▇▇▇▇ Professor of the Management of
▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ Technology
Tel: (▇▇▇)▇▇▇-▇▇▇▇; MIT ▇▇▇▇▇ School of Management
Fax:(▇▇▇)▇▇▇-▇▇▇▇; ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇.
▇▇▇▇▇:▇▇▇▇@▇▇▇▇▇▇-▇▇▇.▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇▇ LENE L.P.
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ c/o ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, General Partner
Toronto, Ontario ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Phone: (▇▇▇) ▇▇▇-▇▇▇▇ Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax:(▇▇▇) ▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇ Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
Compugen Systems Ltd. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
tel: ▇▇▇ ▇▇▇-▇▇▇▇, ▇-▇▇▇-▇▇▇-▇▇▇▇; Tel: ▇▇▇-▇▇▇-▇▇▇▇
fax: (▇▇▇) ▇▇▇-▇▇▇▇ Fax: ▇▇▇ ▇▇▇ ▇▇▇▇
Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇
Delta Capital Investments Ltd. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Fax ▇▇-▇▇-▇▇▇▇▇▇▇▇ Tel: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇
Attn: ▇▇▇▇▇ Teacher Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
KKB Ventures LLC OZF Ltd.
Attn: ▇▇▇ ▇▇▇▇▇ Tropic Isle Building
▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇ Wickhams Cay, ▇.▇. ▇▇▇ ▇▇▇
Tel: ▇▇▇ ▇▇▇-▇▇▇▇ Road Town, Tortola, British Virgin Islands
Fax: none c/o Tis Prager, Prager Dreifuss, Muehlebachstr.
Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ ▇, ▇▇-▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇ ▇▇ ▇▇
Email: ▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇
XDL Capital Corp. Clarenville Ltd.
▇▇ ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇ Court 86, ▇▇-▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇:▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇
fax:▇▇▇-▇▇▇-▇▇▇▇ Attn: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇ Tel: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Fax: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇;
▇▇▇▇▇@▇▇▇▇▇▇▇-▇▇▇.▇▇▇
Attn: Mr. Elikos ▇▇▇▇
Tel: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇.▇▇▇▇@▇▇.▇▇▇.▇▇▇
3. Amendment to Exhibit "G" to the Agreement
Annex 1 to Exhibit "G" to the Agreement is replaced and superseded by the
following new Annex 1:
AxcessNet Resources LLC.
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇▇ ▇▇▇▇)
▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
Tel: (▇▇▇)▇▇▇-▇▇▇▇;
Fax:(781)466-882;
Email:▇▇▇▇@▇▇▇▇▇▇-▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇ ▇▇▇
Phone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax:(▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇
Compugen Systems Ltd.
▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇
tel: ▇▇▇ ▇▇▇-▇▇▇▇, ▇-▇▇▇-▇▇▇-▇▇▇▇;
Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇
Delta Capital Ltd.
▇▇▇-▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇
Fax ▇▇-▇▇-▇▇▇▇▇▇▇▇
Email: ▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇
▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇
KKB Ventures LLC
Attn: ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇.
▇▇▇▇▇▇▇,▇▇. ▇▇▇▇▇
Tel: ▇▇▇ ▇▇▇-▇▇▇▇
Fax: none
Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇
XDL Capital Corp.
▇▇ ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇. ▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇
Attn: ▇▇▇▇▇ ▇▇▇▇▇▇, ASO & ▇▇▇▇▇▇ ▇▇▇▇▇▇
Tel:▇▇▇-▇▇▇-▇▇▇▇
fax:▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇.▇▇▇; ▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇ Professor of the Management of Technology
MIT ▇▇▇▇▇ School of Management
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇.
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
LENE L.P.
c/o ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, General Partner
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇ ▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
OZF Ltd.
Tropic Isle Building
Wickhams Cay, P.O. Box 964
Road Town, Tortola, British Virgin Islands
c/o Tis Prager, Prager Dreifuss, ▇▇▇▇▇▇▇▇▇▇▇▇▇. ▇,
▇▇-▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇ ▇▇ ▇▇
Email: ▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇
Clarenville Ltd.
▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇-▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇
Attn: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Tel: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Fax: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇;
▇▇▇▇▇@▇▇▇▇▇▇▇-▇▇▇.▇▇▇
Attn: Mr. Elikos ▇▇▇▇
Tel: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇.▇▇▇▇@▇▇.▇▇▇.▇▇▇
4. Amendment to Exhibit "H" to the Agreement
Annex 1 to Exhibit "H" to the Agreement is replaced and superseded by the
following new Annex 1:
AxcessNet Resources LLC.
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇▇ ▇▇▇▇), ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
Tel: (▇▇▇)▇▇▇-▇▇▇▇;
Fax:(781)466-882;
Email:▇▇▇▇@▇▇▇▇▇▇-▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇ ▇▇▇
Phone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax:(▇▇▇) ▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇
Compugen Systems Ltd.
▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇
tel: ▇▇▇ ▇▇▇-▇▇▇▇, ▇-▇▇▇-▇▇▇-▇▇▇▇;
Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇
Delta Capital Ltd.
▇▇▇-▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇
Fax ▇▇-▇▇-▇▇▇▇▇▇▇▇
Email: ▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇
▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇
KKB Ventures LLC
Attn: ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇.
▇▇▇▇▇▇▇,▇▇. ▇▇▇▇▇
Tel: ▇▇▇ ▇▇▇-▇▇▇▇
Fax: none
Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇
XDL Capital Corp.
▇▇ ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇. ▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇
Attn: ▇▇▇▇▇ ▇▇▇▇▇▇, ASO & ▇▇▇▇▇▇ ▇▇▇▇▇▇
Tel:▇▇▇-▇▇▇-▇▇▇▇
fax:▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇.▇▇▇; ▇▇▇▇▇▇▇@▇▇▇.▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇ Professor of the Management of Technology
MIT ▇▇▇▇▇ School of Management
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇.
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇
LENE L.P.
c/o ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, General Partner
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇ ▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇.
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
OZF Ltd.
Tropic Isle Building
Wickhams Cay, P.O. Box 964
Road Town, Tortola, British Virgin Islands
c/o Tis Prager, Prager Dreifuss, ▇▇▇▇▇▇▇▇▇▇▇▇▇. ▇,
▇▇-▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇ ▇▇ ▇▇
Email: ▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇▇▇▇.▇▇▇
Clarenville Ltd.
▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇-▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇
Attn: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Tel: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Fax: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇;
▇▇▇▇▇@▇▇▇▇▇▇▇-▇▇▇.▇▇▇
Attn: Mr. Elikos ▇▇▇▇
Tel: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Fax: ▇▇▇ ▇ ▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇.▇▇▇▇@▇▇.▇▇▇.▇▇▇
5. GENERAL
a. Terms used herein shall have the same meaning as ascribed to such terms
in the Agreement.
b. In signing this Addendum 2, the signatories hereon: (i) agree that the
new lenders to the Agreement added by way of this addendum (i.e. ▇▇▇▇▇
▇. ▇▇▇▇▇▇▇, OZF Ltd. and Clarenville Ltd.) shall be deemed to be
"Lenders" under the Agreement in all respects, with accompanying rights
and obligations associated with that term being assumed by such new
lenders as if they were original signatories to the Agreement; (ii)
agree that the signatures hereon by such new lenders shall constitute
their signature to those agreements attached to the Agreement as
Exhibits that were previously executed by all Lenders independent of
the execution of the Agreement; (iii) waive any claim, right or defense
against any other party including against any new lender, based on the
fact that the Second Tranche exceeds $750,000; (iv) waive any claim,
right or defense against any other party including against any new
lender, based on any delay in providing notice of intent to
participate, or funding, which occurred prior to the signing of this
Addendum or lack of participation in the First Tranche; (v) acknowledge
that each party has the obligation to ascertain for itself that all
closing conditions have been satisfied; (vi) acknowledge that s.10.2 of
the Agreement is amended for new lenders to oblige them only to fund
the Second Tranche.
c. The new lenders confirm having had the opportunity to obtain
independent legal advice, to do due diligence satisfactory for their
purposes, and to review the Convertible Loan Agreement dated January
29, 2003 and all exhibits and schedules therein, or documents
incorporated by reference.
d. The Company confirms it is not in default under the Agreement,
including the promissory notes, and any other document referred to in
the Agreement.
e. Except to the extent amended hereby, the terms and conditions of the
Agreement shall remain in full force and effect as between the parties
hereto throughout the term of the Agreement.
IN WITNESS WHEREOF, the parties have caused this Addendum to be executed as of
the Effective Date by their respective authorized representatives.
COMMTOUCH SOFTWARE LTD.
By: ________________ By: _______________
Title: _______________ Title:______________
LENDERS:
AxcessNet Resources LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
By: __________________________ By: ____________________________
Title: _________________________ Title: ___________________________
Acknowledged and Agreed:
▇▇▇▇ ▇▇▇▇▇ COLLATERAL AGENT:
By: __________________________ XDL Capital Corp.
Title: _________________________ By: __________________________
Title: _________________________
Compugen Systems Ltd.
By: __________________________ Delta Capital Investments Ltd.
Title: _________________________ By: __________________________
Title: _________________________
KKB Ventures LLC ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
By: __________________________ By: ___________________________
Title: _________________________ Title: __________________________
XDL Capital Corp. OZF Ltd.
By: __________________________ By: ___________________________
Title: _________________________ Title: __________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Clarenville Ltd.
By: __________________________ By: __________________________
Title: _________________________ Title: _________________________
LENE L.P.
By: ___________________________
Title: __________________________