Exhibit 10.31
SECOND AMENDMENT TO THE PROMISSORY NOTE
OF LEVEL 8 SYSTEMS, INC.
IN FAVOR OF LIRAZ SYSTEMS LTD.
This document when executed by Level 8 Systems, Inc. and Liraz Systems,
Ltd. shall amend that certain Promissory Note of Level 8 Systems, Inc. in favor
of Liraz Systems Ltd dated December 31, 1999.
1. The maturity date of the note is hereby changed from December 15,
2000 to December 15, 2001.
All other terms of the Promissory Note shall remain unchanged and fully
enforceable.
This Agreement shall have effect from the 31st day of December, 1999.
LEVEL 8 SYSTEMS, INC. LIRAZ SYSTEMS LTD.
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxxx Xxxxxxx
----------------------- -----------------------
Xxxxx X. Xxxx Xxxxx Xxxxxxx
Title: Chief Financial Officer Title: Chief Financial Officer
