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]
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Sincerely,
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UTA CAPITAL LLC
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By:
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YZT Management LLC, its Managing Member
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By:
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Name:
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Udi Toledano
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Title:
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Managing Member
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Acknowledged and Agreed:
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LAPIS TECHNOLOGIES, INC
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By:
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Name:
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David Lucatz
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Title:
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President and Chief Executive Officer
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