Agreement for Implementing a Project in the Yozmot Incubator Signed at “Yozmot” – Granot Initiative Center on:
Exhibit 10.14
Agreement
for Implementing a Project in the Yozmot Incubator
Signed
at “Yozmot” – Granot Initiative Center on:
Date:
|
Between:
|
GIC
– Granot Initiative Center
|
|
And
between:
|
The
entrepreneur: Xx. Xxxxxxx Xxxxxx, ID No.
51409324
|
|
·
|
The
entrepreneur wishes to begin developing the project as approved by the
Chief Scientist.
|
|
·
|
The
entrepreneur hereby states that he has the knowledge needed for the
project’s success and that he will do his utmost to promote the
project.
|
|
·
|
The
entrepreneur states that he accepts the procedures that are usually
followed in initiative centers, in accordance with the instructions of the
Chief Scientist that are currently in force, and in accordance with the
Chief Scientist’s provisions as published from time to
time.
|
|
·
|
The
entrepreneur will sign a standard employment agreement as used in Yozmot
with the employees, as well as a confidentiality
form. Furthermore, he will sign an agreement to establish a
limited company and the development
agreement.
|
|
·
|
The
entrepreneur undertakes to submit to the future project company all of his
information, including registered patents, and he agrees that all the
knowledge he brings with him and all of the knowledge accumulated in the
course of the research belong to the project
company.
|
|
·
|
The
entrepreneur agrees that the project company will be established in
accordance with the following distribution of
shares:
|
| Proposal A | |
| Entrepreneur | 50% |
| Investor | 20% |
| Incubator | 20% |
| Employees | 10% |
|
·
|
The
entrepreneur agrees that the incubator director shall be entitled to offer
an alternative distribution (this, too, in accordance with the Chief
Scientist’s instructions) in the event he shall see fit for the purpose of
signing a contract with an investor or strategic
partner.
|
|
·
|
GIC
undertakes to make available to the project all of the services it
provides to incubator projects: Acquiring financing from the
Chief Scientist and the investor, financial management, bookkeeping, a
suitable building, legal advice. All of the services shall be
paid for by the project from the overhead budget in accordance with the
incubator’s standard operating
procedure.
|
|
·
|
GIC
will assist the entrepreneur, to the best of its ability, to promote the
project, to find a strategic partner, to guide him in managing the
project, and finding suitable employee
staff.
|
This
agreement formalizes whatever was agreed to between Avraham Afori – the director
of the Yozmot Incubator, and the entrepreneur.
The
validity of this agreement is from the date the project commences until the
establishment of the company and the signing of the suitable
contracts.
| Signed | ||||
| The entrepreneur | “Yozmot” Incubator | |||
|
/s/
Xxxxxxx Xxxxxx
|
/s/
|
|||
|
Xxxxxxx
Xxxxxx
|
GIC
Granot Initiative Center
|
|||
|
|
|
Agreement
for Implementing a Project in the Yozmot Incubator
Signed
at “Yozmot” – Granot Initiative Center on:
Date:
|
Between:
|
GIC
– Granot Initiative Center
|
|
And
between:
|
The
entrepreneur:
|
|
·
|
The
entrepreneur wishes to begin developing the project as approved by the
Chief Scientist.
|
|
·
|
The
entrepreneur hereby states that he has the knowledge needed for the
project’s success and that he will do his utmost to promote the
project.
|
|
·
|
The
entrepreneur states that he accepts the procedures that are usually
followed in initiative centers, in accordance with the instructions of the
Chief Scientist that are currently in force, and in accordance with the
Chief Scientist’s provisions as published from time to
time.
|
|
·
|
The
entrepreneur will sign a standard employment agreement as used in Yozmot
with the employees, as well as a confidentiality
form. Furthermore, he will sign an agreement to establish a
limited company and the development
agreement.
|
|
·
|
The
entrepreneur undertakes to submit to the future project company all of his
information, including registered patents, and he agrees that all the
knowledge he brings with him and all of the knowledge accumulated in the
course of the research belong to the project
company.
|
|
·
|
The
entrepreneur agrees that the project company will be established in
accordance with the following distribution of
shares:
|
| Proposal A | |
| Entrepreneur | 50% |
| Investor | 20% |
| Incubator | 20% |
| Employees | 10% |
|
·
|
The
entrepreneur agrees that the incubator director shall be entitled to offer
an alternative distribution (this, too, in accordance with the Chief
Scientist’s instructions) in the event he shall see fit for the purpose of
signing a contract with an investor or strategic
partner.
|
|
·
|
GIC
undertakes to make available to the project all of the services it
provides to incubator projects: Acquiring financing from the
Chief Scientist and the investor, financial management, bookkeeping, a
suitable building, legal advice. All of the services shall be
paid for by the project from the overhead budget in accordance with the
incubator’s standard operating
procedure.
|
|
·
|
GIC
will assist the entrepreneur, to the best of its ability, to promote the
project, to find a strategic partner, to guide him in managing the
project, and finding suitable employee
staff.
|
This
agreement formalizes whatever was agreed to between Avraham Afori – the director
of the Yozmot Incubator, and the entrepreneur.
The
validity of this agreement is from the date the project commences until the
establishment of the company and the signing of the suitable
contracts.
| Signed | ||||
| The entrepreneur | “Yozmot” Incubator | |||
|
/s/
Dr. Gornberg, Xxxxxxx
|
/s/
|
|||
|
Dr.
Gornberg, Xxxxxxx
|
GIC
Granot Initiative Center
|
|||
|
|
|
|||
| /s/ Xxxx. Xxxxxxx, Xxxxx | ||||
| Xxxx. Xxxxxxx, Xxxxx |
