FIRST ADDENDUM AGREEMENT Dated: August 19, 2007 BY AND BETWEEN YEDA RESEARCH AND DEVELOPMENT COMPANY LTD. of P.O. Box 95, Rehovot 76100, Israel (hereinafter “Yeda”) and BRAINSWAY, INC.First Addendum Agreement • April 11th, 2011 • Brainsway Ltd. • Surgical & medical instruments & apparatus
WHEREAS Yeda and the Company are parties to a Licence Agreement dated 2 June 2005 (the “Agreement”); and WHEREAS The Research Period defined under the Agreement commenced on 2 June 2005 and is scheduled to end on 1 June 2008; and WHEREAS without derogating from the Research Period and Budget, the parties wish to commence an additional research plan and budget for a period commencing on 1 June 2007 and ending on 31 May 2008 (the “Additional Research” and the “Additional Research Period”, respectively);
