Wilk Technologies Ltd. entered into a memorandum of understanding with Nutricia Research B.V. The company announced that following the approval received by the company's board of directors, on June 22, 2023, the company contracted with Nut Patricia Research B.V., the global research center of Danone Manifesto Ventures Europe, SAS, on the subject of specialized nutrition ("Danone") in a non-binding memorandum of understanding ("MOU"), with the intention to engage in a two year collaboration under the form of a Joint Development Agreement ("JDA"). Under the JDA, the Parties intend to conduct joint analytical research and development activities on cell-based lipids produced with Wilk's technology to assess the suitability of such ingredients for the specialized nutrition and to assess the legal status of such cell-based milk derived ingredients and conditions to obtain necessary regulatory approvals for commercialization in different geographies such as Asia, USA and Europe. In addition to the collaboration agreement the Parties may consider signing a Supply Agreement for cell-based lipids produced With Wilk's Technology (as defined in the MOU).

by December 31, 2023. Each Party reserves the right to terminate discussions, the term of the MOU, or any discussions leading up to JDA by giving the other Party a thirty (30) days' prior written notice.