Common use of Termination of the Award Clause in Contracts

Termination of the Award. I.1. Notwithstanding anything to the contrary herein, the Foundation may revoke the Conditional Grant, in whole or in part, for any fundamental breach of the Agreement, or breach for cause, pursuant to the laws of the State of , upon written notice to the Participants. I.2. Notwithstanding whether any notice has been delivered to the Foundation by either Participant, the Foundation shall be entitled, upon written notice to the Participants, to revoke the Conditional Grant upon becoming aware of any of the following events of default: (i) the insolvency of either Participant; or (ii) any fundamental breach hereunder by either Participant; or (iii) any material adverse change in the financial position of either Participant; or (iv) a dispute between the Participants that has, or may reasonably be expected to have a negative effect on the continuation of the Project, as set out in the Proposal; or (v) any change in the business of either Participant as a result of which such Participant is no longer interested in continuing the Project, and notwithstanding the continued interest of the other Participant. Notwithstanding anything to the contrary in Section I.1. or I.2., the Proposer may cure the default within thirty (30) calendar days after the date of its receipt of said notice of revocation. I.3. Notwithstanding any other provision in this Agreement to the contrary, the Foundation shall not be obliged to provide any further funding after notice of revocation until and unless the said default is cured and so demonstrated to the reasonable satisfaction of the Foundation. I.4. Should the Conditional Grant be revoked for reason of fundamental breach, in addition to the Foundation's rights under Section I.5., the Foundation and the Governments of Israel and the United States shall continue to be entitled to all of their rights pursuant to Section H. I.5. If the Foundation shall revoke the Conditional Grant as aforesaid, all funds given to Proposer in accordance with Section B.1. shall become due immediately, without need for demand. Such funds shall be repaid with interest at the Late Payment Interest Rate from the date of notice of the revocation.

Termination of the Award. I.1. Notwithstanding anything to the contrary herein, herein the Foundation may may, for its convenience, revoke the Conditional GrantAward, in whole or in part, for any fundamental breach of and/or the Agreement, or breach for cause, pursuant to the laws of the State of [ ], upon written notice to the ParticipantsProposer and the other Lead. I.2. Notwithstanding whether any notice has been delivered to the Foundation by either Participantthe Proposer or other Lead, the Foundation shall be entitled, upon written notice to the ParticipantsProposer and the other Lead, to revoke the Conditional Grant Award upon becoming aware of any of the following events of default: (i) any fundamental breach hereunder by both of, or either Lead or Consortium or Consortium Member, as determined solely by the insolvency of either ParticipantFoundation acting in good faith; or (ii) any fundamental breach hereunder by either Participant; or (iii) any material adverse change in the financial position of either Participant; or (iv) a dispute between the Participants Teams of the Consortium (or within either Team) that has, or may reasonably be expected to have a negative effect on the continuation of the ProjectProgram, as set out in the Proposal; or (viii) any change in the business activities of either Participant Team as a result of which such Participant Team is no longer interested in continuing the ProjectProgram, and notwithstanding the continued interest of the other ParticipantTeam. Notwithstanding anything to the contrary in Section I.1. or I.2., the Proposer or any Consortium Member may cure the default within thirty (30) calendar days after the date of its receipt of said notice of revocation. I.3. Notwithstanding any other provision in this Agreement to the contrary, the Foundation shall not be obliged to provide any further funding after notice of revocation until and unless the said default is cured and so demonstrated to the reasonable satisfaction of the Foundation. I.4. Should the Conditional Grant Award be revoked for reason of fundamental breachdefault or abandonment of Program, in addition to the Foundation's rights under Section I.5., the Foundation and the Governments of Israel and the United States shall continue to be entitled to all of their rights pursuant to Section H. I.5. If the Foundation shall revoke the Conditional Grant Award as aforesaid, all funds given to Proposer Consortia in accordance with Section B.1. shall become due immediately, without need for demand, except for non-cancellable obligations that are committed at the time of termination and are considered expenditures. Such funds shall be repaid with interest at the Late Payment Interest Rate from the date of notice of the revocation.

Termination of the Award. I.1. Notwithstanding anything to the contrary herein, herein the Foundation may revoke the Conditional Grant, in whole or in part, for any fundamental breach , of the Agreement, or breach for cause, pursuant to the laws of the State of , upon written notice to the Participants. I.2. Notwithstanding whether any notice has been delivered to the Foundation by either Participant, the Foundation shall be entitled, upon written notice to the Participants, to revoke the Conditional Grant upon becoming aware of any of the following events of default: (i) the insolvency of either Participant; or (ii) any fundamental breach hereunder by either Participant; or (iii) any material adverse change in the financial position of either Participant; or (iv) a dispute between the Participants that has, or may reasonably be expected to have a negative effect on the continuation of the Project, as set out in the Proposal; or (v) any change in the business of either Participant as a result of which such Participant is no longer interested in continuing the Project, and notwithstanding the continued interest of the other Participant. Notwithstanding anything to the contrary in Section I.1. or I.2., the Proposer may cure the default within thirty (30) calendar days after the date of its receipt of said notice of revocation. I.3. Notwithstanding any other provision in this Agreement to the contrary, the Foundation shall not be obliged to provide any further funding after notice of revocation until and unless the said default is cured and so demonstrated to the reasonable satisfaction of the Foundation. I.4. Should the Conditional Grant be revoked for reason of fundamental breach, in addition to the Foundation's rights under Section I.5., the Foundation and the Governments of Israel and the United States shall continue to be entitled to all of their rights pursuant to Section H. I.5. If the Foundation shall revoke the Conditional Grant as aforesaid, all funds given to Proposer in accordance with Section B.1. shall become due immediately, without need for demand. Such funds shall be repaid with interest at the Late Payment Interest Rate from the date of notice of the revocation.

Termination of the Award. I.1. Notwithstanding anything to the contrary herein, herein the Foundation may revoke the Conditional Grant, in whole or in part, for any fundamental breach breach, of the Agreement, or breach for cause, pursuant to the laws of the State of , upon written notice to the Participants. I.2. Notwithstanding whether any notice has been delivered to the Foundation by either Participant, the Foundation shall be entitled, upon written notice to the Participants, to revoke the Conditional Grant upon becoming aware of any of the following events of default: (i) the insolvency of either Participant; or (ii) any fundamental breach hereunder by either Participant; or (iii) any material adverse change in the financial position of either Participant; or (iv) a dispute between the Participants that has, or may reasonably be expected to have a negative effect on the continuation of the Project, as set out in the Proposal; or (v) any change in the business of either Participant as a result of which such Participant is no longer interested in continuing the Project, and notwithstanding the continued interest of the other Participant. Notwithstanding anything to the contrary in Section I.1. or I.2., the Proposer may cure the default within thirty (30) calendar days after the date of its receipt of said notice of revocation. I.3. Notwithstanding any other provision in this Agreement to the contrary, the Foundation shall not be obliged to provide any further funding after notice of revocation until and unless the said default is cured and so demonstrated to the reasonable satisfaction of the Foundation. I.4. Should the Conditional Grant be revoked for reason of fundamental breach, in addition to the Foundation's rights under Section I.5., the Foundation and the Governments of Israel and the United States shall continue to be entitled to all of their rights pursuant to Section H. I.5. If the Foundation shall revoke the Conditional Grant as aforesaid, all funds given to Proposer in accordance with Section B.1. shall become due immediately, without need for demand. Such funds shall be repaid with interest at the Late Payment Interest Rate from the date of notice of the revocation.

Termination of the Award. I.1. Notwithstanding anything to the contrary herein, herein the Foundation may revoke the Conditional Grant, in whole or in part, for any fundamental breach of the Agreement, or breach for cause, pursuant to the laws of the State of , upon written notice to the Participants. I.2. Notwithstanding whether any notice has been delivered to the Foundation by either Participant, the Foundation shall be entitled, upon written notice to the Participants, to revoke the Conditional Grant upon becoming aware of any of the following events of default: (i) the insolvency of either Participant; or (ii) any fundamental breach hereunder by either Participant; or (iii) any material adverse change in the financial position of either Participant; or (iv) a dispute between the Participants that has, or may reasonably be expected to have a negative effect on the continuation of the Project, as set out in the Proposal; or (v) any change in the business of either Participant as a result of which such Participant is no longer interested in continuing the Project, and notwithstanding the continued interest of the other Participant. Notwithstanding anything to the contrary in Section I.1. or I.2., the Proposer may cure the default within thirty (30) calendar days after the date of its receipt of said notice of revocation. I.3. Notwithstanding any other provision in this Agreement to the contrary, the Foundation shall not be obliged to provide any further funding after notice of revocation until and unless the said default is cured and so demonstrated to the reasonable satisfaction of the Foundation. I.4. Should the Conditional Grant be revoked for reason of fundamental breach, in addition to the Foundation's rights under Section I.5., the Foundation and the Governments of Israel and the United States shall continue to be entitled to all of their rights pursuant to Section H. I.5. If the Foundation shall revoke the Conditional Grant as aforesaid, all funds given to Proposer in accordance with Section B.1. shall become due immediately, without need for demand. Such funds shall be repaid with interest at the Late Payment Interest Rate from the date of notice of the revocation.

Termination of the Award. I.1. Notwithstanding anything to the contrary herein, the Foundation may revoke the Conditional Grant, in whole or in part, for any fundamental breach of the Agreement, or breach for cause, pursuant to the laws of the State of , upon written notice to the Participants. I.2. Notwithstanding whether any notice has been delivered to the Foundation by either Participant, the Foundation shall be entitled, upon written notice to the Participants, to revoke the Conditional Grant upon becoming aware of any of the following events of default: (i) the insolvency of either Participant; or (ii) any fundamental breach hereunder by either Participant; or (iii) any material adverse change in the financial position of either Participant; or (iv) a dispute between the Participants that has, or may reasonably be expected to have a negative effect on the continuation of the Project, as set out in the Proposal; or (v) any change in the business of either Participant as a result of which such Participant is no longer interested in continuing the Project, and notwithstanding the continued interest of the other Participant. Notwithstanding anything to the contrary in Section I.1. or I.2., the Proposer may cure the default within thirty (30) calendar days after the date of its receipt of said notice of revocation. I.3. Notwithstanding any other provision in this Agreement to the contrary, the Foundation shall not be obliged to provide any further funding after notice of revocation until and unless the said default is cured and so demonstrated to the reasonable satisfaction of the Foundation. I.4. Should the Conditional Grant be revoked for reason of fundamental breachbreach (or breach for cause), in addition to the Foundation's rights under Section I.5., the Foundation and the Governments of Israel and the United States shall continue to be entitled to all of their rights pursuant to Section H. I.5. If the Foundation shall revoke the Conditional Grant as aforesaid, all funds given to Proposer in accordance with Section B.1. shall become due immediately, without need for demand. Such funds shall be repaid with interest at the Late Payment Interest Rate from the date of notice of the revocation. I.6. The Proposer may not terminate this Agreement or abandon the Project without the prior written consent of the Foundation, which consent shall not be unreasonably withheld. The Foundation declares that it will furnish such a consent if it is satisfied that, despite good faith efforts, the Proposer has not succeeded in developing the Product, or if the Product has been developed the Proposer has not succeeded in effecting any sales or other commercial exploitation of the Product, except in the cases referred to in Section B.5.5.

Termination of the Award. I.1. Notwithstanding anything to the contrary herein, herein the Foundation may revoke the Conditional Grant, in whole or in part, for any fundamental breach for, of the Agreement, or breach for cause, pursuant to the laws of the State of of, upon written notice to the Participants. I.2. Notwithstanding whether any notice has been delivered to the Foundation by either Participant, the Foundation shall be entitled, upon written notice to the Participants, to revoke the Conditional Grant upon becoming aware of any of the following events of default: (i) the insolvency of either Participant; or (ii) any fundamental breach hereunder by either Participant; or (iii) any material adverse change in the financial position of either Participant; or (iv) a dispute between the Participants that has, or may reasonably be expected to have a negative effect on the continuation of the Project, as set out in the Proposal; or (v) any change in the business of either Participant as a result of which such Participant is no longer interested in continuing the Project, and notwithstanding the continued interest of the other Participant. Notwithstanding anything to the contrary in Section I.1. or I.2., the Proposer may cure the default within thirty (30) calendar days after the date of its receipt of said notice of revocation. I.3. Notwithstanding any other provision in this Agreement to the contrary, the Foundation shall not be obliged to provide any further funding after notice of revocation until and unless the said default is cured and so demonstrated to the reasonable satisfaction of the Foundation. I.4. Should the Conditional Grant be revoked for reason of fundamental breachof, in addition to the Foundation's rights under Section I.5., the Foundation and the Governments of Israel and the United States shall continue to be entitled to all of their rights pursuant to Section H. I.5. If the Foundation shall revoke the Conditional Grant as aforesaid, all funds given to Proposer in accordance with Section B.1. shall become due immediately, without need for demand. Such funds shall be repaid with interest at the Late Payment Interest Rate from the date of notice of the revocation.