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OVERSEAS MARKET DEVELOPMENT
CONSULTANCY AGREEMENT
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Executed on 9th January 2008 in
Ramat Gan
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PIMI MARION
HOLDINGS LTD, PC 513497123
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POB 117 Hotzot
Alonim, Kibbutz Alonim
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(hereinafter
referred to as “the Customer” )
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THE CENTER
FOR POTATO RESEARCH IN A WARM CLIMATE LTD, PC
512553496
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(hereinafter
referred to as “the Consultant” )
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the Customer
engages in the manufacture and marketing of stabilised hydrogen
peroxide and wishes to obtain professional advice on the
development of markets for the application of the substance in the
storage of potatoes, or any other use of potatoes
abroad;
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the Consultant
is a professional entity with expertise on the subject of potatoes
and wishes to provide professional advice, and to fill special
requests for training on the above subject;
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THE PARTIES
HAVE AGREED ON THE COLLABORATION BETWEEN THEM.
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Below are the
details of the agreement:
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The Consultant
shall advice the Customer on matters relating to the use of
stabilised hydrogen peroxide in the storage of potatoes, and other
uses (such as: application to seed potatoes) in various countries
(see [illegible] work plan). During the consultancy, the parties
shall attend documented work meetings once a month. Once a quarter,
the Consultant shall present the findings, achievements and plans
to the Customer’s board of directors, and shall give
professional training to the agents and professionals in Israel and
elsewhere.
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The consultancy
period is for three years, as of 1st January 2008, and may be
extended.
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It is agreed
that the parties may terminate the contract at any time on three
months’ notice.
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Consultancy
fee : the Customer shall
pay the Consultant professional fees in an amount equal to NIS
10,000 a month plus due VAT, against a tax invoice. The payments
shall be made once a month (current + 14 days). This amount shall
be paid until a capital induction that shall take place in April
2008. After the capital induction, the monthly consultancy fee
shall be NIS 12,000 a month on the aforesaid terms.
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The consultancy
fee includes traveling and communication expenses in Israel
alone.
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Payment for
activity overseas : NIS
2,500 per day’s work; after the induction, NIS 3,000 per
day’s work.
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Coverage of
overseas expenses : the
Customer shall cover all the Consultant’s reasonable
expenses.
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Flights : to Europe tourist class, and outside Europe
business class.
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Hotels : reasonable subsistence expenses, by
arran
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