Exhibit 10.7
AMENDMENT NO. 1 TO
ERP SOFTWARE SHARING AGREEMENT
This
AMENDMENT NO. 1 (this “Amendment”) amends the ERP
Software Sharing Agreement, dated as of January 31, 2002 (the
“Agreement”), by and among (A) Verint Systems
Ltd. (formerly known as Comverse Infosys Ltd.), a subsidiary of
Verint Systems Inc. incorporated under the laws of the State of
Israel with its offices at 23 Habarzel St., Tel-Aviv, Israel
(“Verint”) and (B) Comverse Ltd., a subsidiary
of Comverse Technology, Inc. incorporated under the laws of the
State of Israel, with its principal address at 29 Habarzel Street,
Tel Aviv, Israel (“Comverse”). Capitalized terms
not otherwise defined herein have the respective meanings ascribed
thereto in the Agreement. Verint and Comverse, as the parties
hereto, desire to add certain terms and conditions to the
Agreement, and the terms and conditions of this Amendment form a
part thereof and should be read in conjunction
therewith.
WHEREAS , in exchange for good and valuable consideration,
the receipt of which is acknowledged hereby Comverse permits the
use of the Software by Verint, its parent Verint Systems Inc. and
the other wholly owned subsidiaries of Verint Systems
Inc.;
NOW,
THEREFORE, the parties hereto hereby agree as
follows:
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1.
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Insert the following sentence as
the last sentence of Section 1 of the Agreement: “As promptly
as reasonably practicable but in no event no later than
September 30, 2003, subject to technical limitations out of
Comverse’ control after the expenditure of commercially
reasonable efforts, Comverse shall cause the version of the
Software it is providing to Verint pursuant to the Agreement to be
upgraded to version 11i (the “Updated Version”),
including any related software designed to operate with the Updated
Version (the “Related Software”). In addition,
Comverse shall ensure that the License grants rights to use the
Updated Version and the Related Software for the same number of
modules and users currently existing for Version 11.3. In
consideration for ComverseR
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