Agreement This Agreement is made on the 11 Day of November 2005
Exhibit
10.11
Agreement
This
Agreement is made on the 11 Day of
November 2005
Between
Nir Ecology Ltd, | ||
And Nimrod Xxx Xxxxxx | ||
XXX 000 Xxxxxx Xxxxx, Xxxxxx | ||
(Hereinafter “Nir”) |
of the one
party;
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And Between, | ||
Pimi Xxxxxx Holdings Ltd | ||
of Kibutz
Alonim,
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(hereinafter: “Pimi”)
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on the other
party;
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Whereas
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Under
an Agreement dated 12 July, 2004 attached as Appendix A, Nir has
instructed Makhteshim Chemical Works LTD (hereinafter: “Makhteshim”) to transfer
to Pimi all of the Know how and patents and patents applications and/or
licenses relating to the product as defined in the above mentioned
Agreement (hereinafter: “The Intellectual
Property”);
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And
whereas
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Makhteshim
has acted under the instruction of Nir and has assigned to Pimi the
Intellectual Property;
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And
whereas
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The
assignment is under process of execution and has not been
completed;
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Now therefore it has been declared
and agreed between the Parties as follows:
1.
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Nir
declares and confirms that subject to section 3 here in under that The
Intellectual Property belongs exclusively to
Pimi.
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2.
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Nir
will act and sign on any document necessary for the completion of the
assignment of The Intellectual Property to
Pimi.
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3.
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It
is hereby clarified agreed and understood that Nir or Xxxxxx Xxx-Xxxxxx or
Xxxx Xxx Xxxxxx (or any company in which Nir or Xxxxxx Xxx-Xxxxxx or Xxxx
Xxx Xxxxxx have interest in) has been granted an irrevocable exclusive
worldwide right of use in the Intellectual Property Patents and/or the
Patents Application for water treatment applications. Pimi will sign any
document necessary for the implementation of such
right.
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In
Witness Whereof the Parties has singed this agreement:
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Nir
Ecology Ltd
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Pimi
Xxxxxx Holdings Ltd
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We agree to and confirm the above, | ||||
Xxxxxx Xxx Xxxxxx | Xxxx Xxx Xxxxxx | |||