Common use of Purpose and Commitment Clause in Contracts

Purpose and Commitment. 2.1 Subject to the terms and conditions set forth herein, MBI intends to collaborate in researching, developing and Registering the Commercial Product and SYT in evaluating, marketing and selling biological crop protection products in Europe, Africa and Middle East (EAME). 2.2 Subject to the terms and conditions set forth herein, SYT will be the exclusive distributor of the Commercial Product for use in the Field in the Territory and MBI will exclusively supply the Commercial Product for use in the Field in the Territory to SYT. 2.3 SYT is committed to pre-invest a total amount of USD [*****] from 2011 until 2013 to prepare the platform for the launch of the Commercial Product. For the development and for the technical pre-launch and the market research SYT shall invest additionally USD [*****]. 2.4 SYT shall invest these amounts directly and in addition to the marketing and sales expenses necessary to reach the Business Plan targets. 2.5 During the year 2010 SYT is already testing the Commercial Product in Key Crops under the terms of the Material Transfer Agreement signed between the Parties in April 29, 2008.