Extension Letter for $15,000,000 Line of Credit between Bank Hapoalim B.M. and Level 8 Systems, Inc.

Summary

Bank Hapoalim B.M. has notified Level 8 Systems, Inc. that it is processing an extension of the maturity date for a $15,000,000 line of credit. The new maturity date will be April 15, 2002. The bank will provide amended documents for the company to sign soon. This letter serves as confirmation of the extension process and outlines the next steps for finalizing the extension.

EX-10.30A 5 r10q-ex1030a.txt LETTER IN CONNECTION WITH EXTENSION OF PROM NOTE EXHIBIT 10.30A BANK HAPOALIM NEW YORK BRANCHES ----------------- May 8, 2001 Ms. Renee Fulk Chief Financial Officer Level 8 Systems, Inc. 8000 Regency Parkway Cary, North Carolina 27511 RE: $15,000,000 LINE OF CREDIT FROM BANK HAPOALIM B.M. (THE "BANK") TO LEVEL 8 SYSTEMS, INC. (THE "COMPANY"). Dear Ms. Fulk: This will confirm that an application for extension of he maturity date for the above referenced loan is being processed by the Bank. We will extend the loan to April 15, 2002 and anticipated delivering amended documents to the Company for execution shortly. Very truly yours, Bank Hapoalim B.M. By: Title: Name: By: Title: Name: 1177 Avenue of the Americas New York, NY 10038-2790 Tel: (212) 782-2000 Fax: (212) 782-2222 TELEX: 620158 SWIFT: POALUS33 Bank Hapoalim B.M. 50 Rotthschild Blvd. P.O. Box 27, Tel-Aviv 61000, Israel Tel: (972-3) 5673333 TELEX: 342342 33612 SWIFT: POALILIT Fax: (972-3) 5607028 CABLE: Bankpoalim