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