Terms for potential engagement {Mobileye Drive / lnnoviz)
Exhibit 14.7
Terms for potential engagement {Mobileye Drive / lnnoviz)
The following summary of key terms {this "Term Sheet") is agreed to between Mobileye Vision Technologies Ltd. {"Mobileye") and lnnoviz Technologies Ltd. {"Innoviz"), each a
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Terms |
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Sensor product
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Provision of lnnovizTwo
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Project Set-Up
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lnnoviz provides the Core Products for
•
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Production Pricing
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Prices will not exceed the prices indicated in the Quote.
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PT pricing
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Sample pricing is as provided in the Quote. |
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NRE
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Key Milestone
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Warranty
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Warranty
ln all cases, the warranty will be subject to standard carve-outs.
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Delivery Terms
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Timing
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Time is of the essence in performance of all obligations under the Agreement, including delivery dates.
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Payment Terms
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Taxes
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Guarantee of Supply
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Quality Standards, Compliance and Certifications
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Regulatory requirements
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The product shall fully comply with all regulatory requirements and standards in
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Product Specifications
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Program Management
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Each Party shall assign a designated point of contact for the Project.
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Software / Firmware Update
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Forecast and Lead Time
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Technical Support
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Technical support {such as
) expected during above phases pursuant to the principles set out in this Term sheet and to be set forth in the Definitive Agreement.
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Intellectual Property
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Data Ownership
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Indemnification
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Liability
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Confidentiality
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All activity under the Agreement subject to standard confidentiality obligations.
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Exclusivity
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No exclusivity on either side.
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Audit
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Public Announcements
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Governing Law & Jurisdiction
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This Term Sheet and the Definitive Agreement shall be governed by
and the parties consent to the jurisdiction of the courts of UN Convention on Contracts
for the lnternational Sale of Goods shall not apply.
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Dispute Resolution
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Term and Termination
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The agreement would be valid for the duration of the supply period.
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Agreed as of the date last signed by the duly authorized representatives of the Parties:
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lNNOVlZ
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| Name: | Name: CEO CFO |
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