SETTLEMENT AGREEMENTSettlement Agreement • July 21st, 2014 • Dynamic Applications Corp • Surgical & medical instruments & apparatus
THIS SETTLEMENT AGREEMENT (the “Agreement”) is dated as of this 15th day of July, 2014, by and between Ori Goore, a resident of Israel ("Goore") and Dynamic Applications Corp., a Delaware corporation (the “Company”), with offices located at 14 Menachem Begin Street, Ramat Gan 52700, Israel. Mr. Goore and the Company are sometimes referred to collectively, as the "Parties," and individually, as a "Party." WHEREAS, Mr. Goore has served as an officer and director of the Company from February 2009 until the date of this Agreement; and WHEREAS, Mr. Goore has agreed with the Company that, in consideration for: (i) the issuance by the Company of 250,000 restricted shares of the Company's common stock (the "Goore Shares"); (ii) the grant by the Company of 150,000 warrants exercisable for a period of 24 months from the date of this Agreement at an exercise price of US$0.14 per share (the "Goore Warrants"); and (iii) the wire payment of US$7,500 (the "Goore Wire") collectively, the "Consid
AGREEMENTAgreement • July 21st, 2014 • Dynamic Applications Corp • Surgical & medical instruments & apparatus
THIS AGREEMENT (the “Agreement”) is dated as of this 15th day of July, 2014, by and between Eli Gonen, a resident of Israel ("Gonen") and Dynamic Applications Corp., a Delaware corporation (the “Company”), with offices located at 14 Menachem Begin Street, Ramat Gan, 52700, Israel. Mr. Gonen and the Company are sometimes referred to collectively, as the "Parties," and individually, as a "Party." WHEREAS, Mr. Gonen has served as Chairman of the Board of Directors of the Company since February 2009; and WHEREAS, in consideration for his service to the Company, Mr. Gonen has agreed with the Company that he will be issued shares and granted warrants as follows: (i) the issuance by the Company of 250,000 restricted shares of the Company's common stock (the "Gonen Shares"); and (ii) the grant by the Company of 150,000 warrants exercisable for a period of 24 months from the date of this Agreement at an exercise price of US$0.14 per share (the "Gonen Warrants"); and (iii) so long as Mr. G
