Agreement This Agreement is made on the 11 Day of November 2005 Between
Exhibit 10.11
Agreement
This
Agreement is made on the 11 Day of
November 2005
Between
Nir
Ecology Ltd,
And
Nimrod ▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇
(Hereinafter
“Nir”) of the one party;
And
Between,
Pimi
▇▇▇▇▇▇ Holdings Ltd
of Kibutz
Alonim,
(hereinafter:
“Pimi”) 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:
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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 ▇▇▇▇▇▇ ▇▇▇-▇▇▇▇▇▇ or
▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ (or any company in which Nir or ▇▇▇▇▇▇ ▇▇▇-▇▇▇▇▇▇ or ▇▇▇▇
▇▇▇ ▇▇▇▇▇▇ 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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/s/
Nir Ecology Ltd
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/s/
Elitan Shmeuli
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Name;
Nir Ecology Ltd
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Name: Elitan
Shmeuli
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| Nir Ecology Ltd | Pimi ▇▇▇▇▇▇ Holdings Ltd |
We agree
to and confirm the above,
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/s/
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