Office of Chief Scientist and Approved Clause Samples

Office of Chief Scientist and Approved. Enterprise Status from the Investment Centre (a) The Company has no grants, incentives and subsidies, and applications therefor from the government of the State of Israel or any agency thereof, granted to the Company, including, without limitation, grants from the Office of the Chief Scientist (the "OCS") other than the grants received under approval numbers 10352 and 13885 (collectively, the "Grants") or as otherwise referred to in paragraph (c) below. The Company is in compliance, in all material respects, with the terms and conditions of the Grants and has duly fulfilled, in all material respects, all the undertakings relating thereto. (b) The execution and delivery of the Second Supplemental Facility Agreement and the Finance Documents referred to in Schedule 2 to the Second Supplemental Facility Agreement by the Company and Parent does not, and the consummation of the transactions contemplated hereby and thereby will not require the consent or agreement of the government of the State of Israel or any agency thereof, nor will it cause the Company or Parent to be in breach of any obligation with respect to the government of the State of Israel or any agency thereof. (c) The Company was granted an Approved Enterprise status for five investment programs approved by the government of the state of Israeli under the Law for the Encouragement of Capital Investments, 1959. The benefit periods have not yet commenced for any of the programs. The Company is in compliance, in all material respects, with the terms and conditions of the programs and has duly fulfilled and continues to fulfil, in all material respects, all the undertakings relating thereto.