Amendment No. 2 to Cooperation Agreement between IXI Mobile (R&D) Ltd. and [Counterparty]

Summary

This amendment updates the cooperation agreement between IXI Mobile (R&D) Ltd. and another party. It specifies that the CT-12 device delivered will have a different RAM memory than originally agreed. IXI will also develop a new feature at the request of the other party, who will pay IXI a set amount based on estimated development time and hourly rate. IXI commits to completing the feature by a specified date, with a penalty if delayed. All other terms of the original agreement remain unchanged.

EX-10.19 6 v082138_ex10-19.htm
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CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.
 
Amendment No. 2
to the Cooperation Agreement of [*] (the “Agreement”)

between

IXI Mobile (R&D) Ltd.
17 Hatidhar st.
Ra’anana 43665
Israel

(herafter mentioned „IXI“)

and

[*]

(hereafter mentioned “[*]”)

 
1.
The CT-12 device delivered to [*] under the Agreement includes a RAM memory of [*] instead of [*] as set forth in the Agreement.

 
2.
At the request of [*] and further to negotiations between the parties, IXI will develop a new feature which will allow:

 
a)
[*]
 
 
b)
[*]
 
 
c)
[*]
 
 
d)
[*]

 
3.
As consideration for the development of the new feature, [*] will pay IXI an amount equal to Euro [*], based on the hourly rate of Euro [*] and IXI’s estimation of the development time of [*];

 
4.
IXI will use its best reasonable commercial efforts such that the new feature will be ready for implementation by the end of [*]. if IXI does not finalize the feature by the said date, IXI shall pay a penalty to [*] in an amount Euro [*] against invoice.
 
Except as expressly stated otherwise herein, the Cooperation Agreement dated [*] shall remain in full force and effect.
 
Amendment No. 2 to the Cooperation Agreement between IXI Mobile (R&D) Ltd.
and [*]
 
 
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As agreed by:
 
[*]
 
[*]
 
       
[*]
  IXI Mobile (R&D) Ltd.
       
       
By: [*]
By:
/s/ 
 
Name:  [*]  
Name:
 
       
Title:
Title:
 
Amendment No. 2 to the Cooperation Agreement between IXI Mobile (R&D) Ltd.
and [*]
 
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