Joint Venture Agreement (4K)
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Attached hereto is an English translation of the original
Hebrew version of the Joint Venture Agreement between Organitech and Weitzman
Institute, dated September 23, 2001. The Company has employed a translator to
translate the above-referenced agreement and based on this, the undersigned
believes that the attached is a fair and accurate English translation of the
above-referenced agreement.
OrganiTECH, USA, Inc.
By:/s/ Lior Hessel
-----------------------------------------
Lior Hessel, Chief Executive Officer
Date: April 12, 2002
{PAGE}
Ministry of Business and Commerce
Office of Industrial Research and Development
Jerusalem, 23.9.01
Authorization No: 27319
(Budget regulation: 38020205)
group: 13
To
Organitech Ltd.
Hanarkisim 30 POB 212, Nesher 36601
Letter of Authorization (Magnaton)
1. This is to notify you that MGNT committee, in accordance with its
authority and instructions of the general manager for encouraging the
transfer of technology from academics to industry - pilot (4.3),
discussed your request of 11.03.01 for the approval of an annual
research and development project, and decided on 31.05.01 to approve
the project as an authorized project.
1st. Project subject: Magnaton - Growtech 2000 system for the miniature
tomato plant
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