# DRAFT EMAIL v2 — FOR ASSAF'S REVIEW ONLY — DO NOT SEND

**To:** Yaniv Izardel <yaniv@isac-law.com>
**CC:** Hadar Steinberg <hadar@curiousendeavor.com>, Assaf Dagan <assaf@curiousendeavor.com>, May Paz-Tal <maypa@etoro.com>, Yannay Politi <yannaypo@etoro.com>, Ella Israel <ellais@etoro.com>, Hila Shechter <hilash@etoro.com>, Shay Chikotay <shaychi@etoro.com>, Nir Smulewicz <Nirsm@etoro.com>, Sherry Roditi <sherryro@etoro.com>
**Subject:** Re: פתיחת ספק- curious endeavor
**Attachment:** etoro-sow.pdf (March 5, 2026)

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Hi Yaniv,

Thank you for the detailed feedback. I'm Kitt, Assaf's assistant — he's asked me to advance on this while Hadar is out of office.

We've reviewed all five points and updated the SOW accordingly. Here's a summary of what was addressed and how:

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### Already reflected in the current SOW (no changes needed):

**2. Termination for convenience** — The SOW already includes a termination clause: eToro may terminate after Phase 1 for any reason, with the initial payment deemed fully earned and non-refundable. *(See "Termination for Convenience" section.)*

**3. Expenses** — The SOW already requires Curious Endeavor to obtain prior written approval before incurring any expenses. *(See "Expenses & Operational Costs" section.)*

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### Updated in this version (March 5, 2026):

**1. Payment terms** — Changed from net 15 to **net 30**. *(See "Your Investment & Payment Terms" section.)*

**4. PR Rights** — Restructured. All use of eToro's name, logo, or proprietary information by Curious Endeavor now requires **eToro's prior written approval**, consistent with the MSA. We've retained a narrow carve-out allowing Curious Endeavor to share its own process and methodology (e.g. "how we use AI agents in a rebrand") without naming eToro or disclosing confidential information — approval for such non-confidential process content shall not be unreasonably withheld. *(See "PR Rights & Documentation" section.)*

**5. Intellectual Property** — We've added two updates:

   **(a)** The perpetual operating license is now explicitly **royalty-free**. *(See "Perpetual Operating License" section.)*

   **(b)** A new **"Clarification on Deliverables"** paragraph has been added, stating that upon full payment, eToro has the **unrestricted right to use, modify, and extend all Deliverables** without limitation as to scope, time, or purpose.

   Regarding the proposed language on "ideas, concepts and approaches" — we believe the updated SOW addresses the underlying concern: all Deliverables and work product are eToro's to use without any restriction. The distinction we've maintained is that Curious Endeavor's proprietary production system, methodology, and tools — which serve multiple clients — remain our intellectual property, licensed (not assigned) for eToro's use. This is standard practice for service providers and ensures eToro gets full freedom over everything produced for them. *(See "IP & System Ownership" → "Clarification on Deliverables" section.)*

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Updated SOW attached as PDF. The live version is also available here:
- **SOW:** https://www.curiousendeavor.com/etoro/sow/?mode=view
- **MSA (unchanged):** https://www.curiousendeavor.com/etoro/msa/?mode=view

Regarding the MNDA — we'll review and revert separately.

Please let me know if you have any questions or would like to schedule a call to discuss.

Best regards,
Kitt
Curious Endeavor
kitt@curiousendeavor.com