SEPARATION AGREEMENTSeparation Agreement • August 28th, 2015 • Breedit Corp. • Services-prepackaged software
THIS SEPARATION AGREEMENT (the “Agreement”) is dated as of this 28th day of August 2015, by and between BreedIT Corp., a Delaware corporation with offices located at 40 Wall Street, 28th Floor, New York, NY 10005 (the "BreedIT"), on the one hand, and BreedIT Ltd., P.C. 514943471, a majority-owned subsidiary of BreedIT organized under the laws of the State of Israel with offices located at Hertzel Street, Rehovot, P.O.B 12, Israel 76100 ("BreedIT Israel"), Dr. Oded Sagee, a resident of the State of Israel with an address located at 50 Ramat Yam St., Hertzeliya, Israel ("Dr. Sagee") and Star Biotech Ltd., an entity organized under the laws of the State of Israel and controlled by Dr. Sagee, with offices located at ____________, Israel ("SB"), on the other hand. BreedIT, BreedIT Israel, Dr. Sagee and SB are sometimes referred to collectively, as the "Parties" and individually, as a "Party." WHEREAS, on August 15, 2013, BreedIT entered into a preliminary agreement with BreedIT Israel a
