Bank Hapoalim $15,000,000 Line of Credit Extension Letter to 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 January 30, 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 formalizing the change.

EX-10.19A 12 0012.txt LETTER DATED MARCH 27, 2001 EXHIBIT 10.19A BANK HAPOALIM New York Branches - -------------------------------------------------------------------------------- March 27, 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 the maturity date for the above referenced loan is being processed by the Bank. We will extend the loan to January 30, 2002 and anticipate delivering amended documents to the Company for execution shortly. Very truly yours, Bank Hapoalim B.M. By: /s/ Maxine Levy ---------------------------- Title: Vice President ------------------------- Name: Maxine Levy ------------------------- By: /s/ Donald Tashner ---------------------------- Title: Senior Vice President ------------------------- Name: Donald Tashner -------------------------