Amendment to Note and Warrant Purchase Agreement between Lapis Technologies, Inc. and UTA Capital LLC (August 16, 2011)

Summary

Lapis Technologies, Inc. and UTA Capital LLC have agreed to amend their Note and Warrant Purchase Agreement dated July 12, 2011. The amendment changes the termination date in Section 14.1 of the original agreement from August 15, 2011 to August 31, 2011. All other terms of the original agreement remain unchanged. Both parties have confirmed their acceptance of this amendment by signing the letter.

EX-10.2 2 v239864_ex10-2.htm EXHIBIT 10.2 Unassociated Document

UTA CAPITAL LLC

100 Executive Drive, Suite 330

West Orange, New Jersey 07052

August 16, 2011

Lapis Technologies, Inc.

70 Kinderkamack Road

Emerson, New Jersey 07630

Re: Note and Warrant Purchase Agreement

Dear David:

We refer to the Note and Warrant Purchase Agreement dated as of July 12, 2011 (the “Agreement”) by and between Lapis Technologies, Inc. and UTA Capital LLC. This is to confirm our mutual understanding and agreement that the date of August 15, 2011 referred to in Section 14.1 (Termination) of the Agreement is hereby changed to August 31, 2011.

All other terms of the Agreement remain in full force and effect.

Please confirm your agreement to the above by executing this letter agreement.

[Signature page follows]

	Sincerely,

	UTA CAPITAL LLC

	By:	YZT Management LLC, its Managing Member

	By:	/s/ Udi Toledano
	Name:	Udi Toledano
	Title:	Managing Member

Acknowledged and Agreed:

LAPIS TECHNOLOGIES, INC


By:	/s/ David Lucatz
Name:	David Lucatz
Title:	President and Chief Executive Officer