Agreement

ADDENDUM to Employment Agreement Dated March 1, 2001

Exhibit 10.7
 


















 
 
ADDENDUM
To Employment Agreement dated March 1, 2001

This Addendum, dated as of June 26, 2001 (the “Addendum”), to the EMPLOYMENT AGREEMENT dated March 1, 2001 (the “Employment Agreement”), by and between IXI Mobile, Inc., a Delaware corporation (the "Corporation"), and Amit Haller (the "Employee"), sets forth as follows:  
 
WHEREAS, the parties hereto desire to amend the Employment Agreement, effective upon the execution of this Addendum, as more fully set forth herein.
 
NOW, THEREFORE, the parties hereto hereby agree as follows: 
 
1.
Notwithstanding anything contained to the contrary in the Employment Agreement, it is hereby agreed as follows: (i) that the Employee’s Salary (as defined in Section 3.1(a) thereof) shall be decreased to one hundred and fifty thousand US dollars (US$150,000), beginning as of July 2001 (on a going-forward basis), and (ii) that the Employee shall not be entitled to the annual bonus of US$50,000 set forth in Section 3.1(a) of the Employment Agreement.
 
2.
The Employee hereby acknowledges that the aforesaid change of the Salary shall affect other payments the Employee is entitled to under other provisions of the Agreement which are derived from such Salary, and declares that he irrevocably consents to such change of terms and that he shall not have any claim with regards to the above change of terms.
 
3.
All remaining provisions of the Employment Agreement shall remain unchanged.
 
4.
This Addendum constitutes an integral part of the Employment Agreement. Any and all capitalized terms contained herein, which are not defined in this Addendum, shall have the same meaning affixed to such terms in the Employment Agreement.
 
IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the date first above written.
 
EMPLOYEE      CORPORATION
Amit Haller     IXI Mobile, Inc.
/s/ Amit Haller    
     
By: /s/ Lihi Segal
Title: Director
 

 
ADDENDUM # 2
To Employment Agreement dated March 1, 2001

This Addendum, dated as of January 1, 2006 (the “Addendum”), to the EMPLOYMENT AGREEMENT dated March 1, 2001 (the “Employment Agreement”), by and between IXI Mobile, Inc., a Delaware corporation (the "Corporation"), and Amit Haller (the "Employee"), sets forth as follows:  
 
WHEREAS, the parties hereto desire to amend the Employment Agreement, effective upon the execution of this Addendum, as more fully set forth herein.
 
NOW, THEREFORE, the parties hereto hereby agree as follows: 
 
1.
Notwithstanding anything contained to the contrary in the Employment Agreement, it is hereby agreed as follows: (i) that the Employee’s Salary (as defined in Section 3.1(a) thereof) shall be increased to two hundred thousand US dollars (US$200,000), beginning as of January 1, 2006 (on a going-forward basis).
 
2.
All remaining provisions of the Employment Agreement shall remain unchanged.
 
3.
This Addendum constitutes an integral part of the Employment Agreement. Any and all capitalized terms contained herein, which are not defined in this Addendum, shall have the same meaning affixed to such terms in the Employment Agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the date first above written.
 
EMPLOYEE      CORPORATION
Amit Haller     IXI Mobile, Inc.
/s/ Amit Haller     
     
By: /s/ Lihi Segal
Title: CFO