Drawn up and signed in Ramat Gan on the day of the Month of April, 2005
Therefore, the Parties Declare, Condition and Agree as Follows:
Mr. Avraham Shekalim, I. D. No. 016314312
24 Hashoshanim St., Nesher
(Hereinafter: “Mr Shekalim”)
The Party of the First Part;
A Company under Establishment by D. Medical Industries Ltd.
8 Hamenofim St., Herzliya Pituach.
(Hereinafter: “The Company Under Establishment”)
The Party of the Second Part;
D. Medical Industries Ltd. (hereinafter: “D. Medical”) requests to establish a company that will deal with
the development, manufacture, marketing and sales of a sensor for the measurement of the concentration of
glucose in the blood stream (hereinafter: “The Sensor”) and/or any other action related to the sensor;
And the company under establishment entered into an agreement with NiliMed Ltd, with respect to the
sensor. A copy of the agreement is attached to this agreement as an inseparable part thereof, marked at
Appendix A ;
The company is interested in obtaining development services with respect to the sensor (hereinafter: “The
Services”) from Mr. Shekalim and Mr. Shekalim agrees to provide the stated development services to the
company, subject to the terms and conditions of this agreement;
The parties wish to enter into this agreement for purposes of arranging the receiving of the consulting and
development services from Mr. Shekalim for the company under establishment.
Preamble and Interpretation
The preamble to this agreement constitutes an inseparable part of this agreement and will be read as one entity
together with all its clauses.
The headings of the clauses in this agreement are for convenience only and they do not have, nor will they be
given any weight for purposes of interpretation.
No change, addition or detr