Extension Agreement to Term Sheet Between Pluristem Ltd. and Sosei Corporate Venture Capital Ltd.
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Summary
Pluristem Ltd. and Sosei Corporate Venture Capital Ltd. have agreed to extend the period of their existing term sheet by 90 days. The extension starts on March 31, 2017, and ends on June 30, 2017. Both parties have formally accepted this extension in writing. This agreement simply changes the timeline for the ongoing negotiations or arrangements outlined in their original term sheet dated December 19, 2016.
EX-10.1 2 exhibit_10-1.htm EXHIBIT 10.1
Exhibit 10.1
Pluristem Ltd.
March 22, 2017
To:
Sosei Corporate Venture Capital Ltd.
Attn: Mr. Peter Bains
Re: Extension of Term Sheet Period
Reference is hereby made to a certain Term Sheet dated December 19, 2016, by and between Pluristem Ltd. and Sosei Corporate Venture Capital Ltd. (the "Term Sheet").
Pursuant to the "Timing and Expenses" clause in the Term Sheet, the parties hereby extend the term sheet period by additional 90 days starting from March 31, 2017 and ending on June 30, 2017.
| | Very truly yours, Pluristem Ltd. By: /s/ Zami Aberman Name: Zami Aberman Title: Chairman and CEO |
The abovementioned decision is agreed and accepted by:
Sosei Corporate Venture Capital Ltd.
By: /s/ Peter Bains
Name: Peter Bains
Title: Representative Director and President
Date: March 31, 2017
