TRANSLATION FROM HEBREW Unprotected Lease Agreement Made and executed in Jerusalem on the 10th day of July, 2005 Between
EXHIBIT
10.19
TRANSLATION
FROM HEBREW
Unprotected Lease
Agreement
Made
and executed in Jerusalem on the 10th day of
July, 2005
Between
▇▇▇▇▇-Pharma
Ltd.
Of ▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇
(Hereinafter:
“the
Lessor”)
Of the first
part
And
Bioline
Innovations Jerusalem, Limited Partnership
Partnership
No. ▇▇-▇▇▇▇▇▇-▇
Of 19
Hartum St., Har Hotzvim, Jerusalem
(Hereinafter:
“the
Lessee”)
Of the second
part
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WHEREAS
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The
Lessor declares that it is entitled to be registered as the owner of lease
rights in the land known as bloc 30243, parcel 62, lot 5 according to
Urban Building Plan / Jerusalem / 2787, which constitute a lot with an
area of 7,863 square meters located in the Har Hotzvim industrial area of
Jerusalem (hereinafter: “the Lot”), whereon is constructed “the building”
as defined herein below:
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WHEREAS
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The
Lessor declares that there is no preclusion on his part pursuant to any
law and/or agreement for it to enter into this agreement and perform all
the undertakings thereof pursuant thereto and the signature thereof of
this agreement and the performance of the undertakings thereof pursuant
thereto fail to constitute any breach of any undertaking whatsoever
vis-à-vis any third parties;
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WHEREAS
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The
Lessee would like to rent from the Lessor and the Lessor would like to
rent to the Lessee the parts of “the building” as defined herein below,
described and defined herein below as the “rented premises,” all in
accordance with and subject to the provisions of this
agreement;
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Accordingly,
the parties have agreed, declared and stipulated the
following:
1. The
Preamble to this agreement constitutes a binding and integral part
thereof.
2. Definitions
In this
agreement, the terms specified herein below shall have the meaning that appears
alongside them:
“The Agreement” – This
agreement including all appendices thereto
“The Building” – The 9-story
building for light industry and offices and 2 basement parking lots that exists
on the lot
“The Rented Premises” – An area
of 1,419 square meters (gross), all as delineated and marked in red on the
sketch attached hereto as Appendix A to this agreement and the provisions as
specified in section 7 herein below.
It is
hereby clarified that the area, as aforesaid, is divided as
follows:
751
square meters (gross) in the new wing of the building (hereinafter: “the New
Wing Area”)
623
square meters (gross) in the old wing of the building (hereinafter: “the Old
Wing Area”)
31 square
meters (gross) in the old wing of the building, wherein the generator, the
bellows and chiller shall be placed, as specified further on in the agreement
(hereinafter: “the Machinery Area”)
14 square
meters (gross) – a gallery in the new wing, wherein the Lessee may place an
additional bellows (hereinafter: “the Gallery Area”)
For the
avoidance of doubt, it is hereby clarified that for all intents and purposes the
rented premises shall be deemed, pursuant to this agreement, as the gross area
of the rented premises, i.e., 1,419 square meters, and this area shall be final
and not given to appeal even if by way of any measurement it becomes clear that
it differs from the particulars above.
“Gross Area” in this agreement:
the net area with the addition of 15% in respect of the area of walls, hallways
and public areas.
“Project Manager” – Mr. Avi
Kirschenberg or anyone to be authorized by the Lessor in writing by way of
notice to be delivered to the Lessee
“Index” – The Consumer Price
Index (including fruits and vegetables) that is publicized by the Central Bureau
of Statistics
“Basic Index” – The known index
on the date of signature of this agreement, i.e., the index for the month of
May, publicized on the 15th of
June, 2005, which stood at ______ points
“Interest for Delay” – The
total interest for delay at the highest customary rate during the period of
delay pertinent to the matter at the Israel Discount Bank Ltd. in respect of
unauthorized overdrafts in current loan accounts. Written authorization of one
of the managers of a bank branch with respect to the rate of interest as
aforesaid shall be proof positive for the interest rate
3. Non-application
of the Tenancy Protection Law
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a.
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It
is hereby explicitly declared that the rented premises are situated in a
building, the construction whereof shall be completed following the date
of August 20, 1968 and this rental has been made with the explicit
condition that the Tenancy Protection (Consolidated Version) Law 5732-1972
as well as the other tenancy protection laws, including the regulations
and orders thereof (hereinafter: “the Tenancy Protection Law”) and any law
that grants the Lessee the status of a protected tenant fail to apply to
the rental.
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b.
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The
Lessee declares that it has not paid and shall not pay the Lessor any key
money or other proceeds for the rental, which do not comprise rent and the
Lessee or anyone on behalf thereof shall not be a protected tenant in the
rented premises according to law.
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c.
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The
Lessee declares that all investments that it makes in the rented premises,
including equipment and devices, shall be made solely for its needs and it
shall be precluded from contending that such investments comprise any key
money or payment pursuant to section 82 of the Tenancy Protection
(Consolidated Version) Law 5732-1972 or any payment that grants it any
rights whatsoever in the rented premises apart from the contents of this
agreement. It shall also be precluded from demanding from the Lessor
participation or a refund, in full or in part, in respect of the aforesaid
investments.
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d.
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The
Lessee is aware that the rented premises are rented to the Lessee, inter alia, based on
the declarations thereof above and it shall be precluded from raising any
claims or contentions whatsoever in connection with being a protected
tenant or that it has further rights in the rented premises apart from
those granted thereto explicitly herein in this
agreement.
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4. The
Tenancy
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a.
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The
Lessor hereby rents to the Lessee and the Lessee hereby rents from the
Lessor the rented premises in a tenancy that is unprotected by the Tenancy
Protection Law for the sole purposes of the tenancy for a period and under
the conditions as specified herein in this agreement above and
below.
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b.
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The
Lessee declares that it has seen the rented premises and/or the plans
thereof and/or the blueprint of the rented premises and examined the legal
state thereof and subject to the accuracy of the declarations and
representations of the Lessor, it has found the premises to be suitable
for the purposes thereof and the Lessee is hereby precluded from
contending any contention in connection with the suitability of the rented
premises for its needs and/or any other contention, save for a contention
with respect to a concealed fault and/or flaw and/or
damage.
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c.
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The
Lessee shall act to the best of its ability and subject to the plans
thereof to obtain authorization of an authorized concern as defined in the
Encouragement of Capital Investments Law. The Lessee shall present this
authorization to the Lessor forthwith upon receiving it and from this date
an authorized enterprise shall be run throughout the period of the tenancy
(including the extension periods). It is clarified that in the event that
the Lessee loses the status of an authorized concern, at any time and for
any reason, the Lessee shall inform the Lessor thereof forthwith and in
writing.
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5. Adapting
the Rented Premises
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a.
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The
Lessee has prepared and shall prepare, at its expense, by way of planners
to be authorized by the Lessor in advance and in writing, all plans for
the performance of the initial adaptation works in the premises, as they
are defined herein below, including interior plans, statements of
quantities, specifications, and the plans of the rented premises and of
all the systems in the premises, including air-conditioning, electricity,
plumbing, fire-extinguishing, smoke detectors, and security systems (all
the aforesaid together hereinafter: “the Plans”) and shall submit such for
authorization of the Lessor. The parties agree that up to the date of
signature of the agreement, solely the plans for the performance of the
initial adaptation works in the area of the new wing of the rented
premises have been authorized and these are attached hereto as Appendix
B 1 to this agreement. The Lessee has submitted to the Lessor
solely initial interior division plans for the performance of the
adaptation works in the area of the old wing in the rented premises, which
have been authorized as such by the Lessor. Subsequently, the parties
hereby agree that the Lessee shall transmit for the Lessor’s authorization
the plans (as defined above), including the specific plans for the
performance of the initial adaptation works in the area of the old wing,
including plans of the systems in accordance with the schedules attached
hereto as Appendix B to this agreement. With respect to these plans, the
Lessee shall perform any amendment and/or alteration, as required by the
Lessor, until it receives authorization of the Lessor for the plans and
all this at the earliest possible time, and, in any case, in accordance
with the schedules attached hereto to this agreement, as aforesaid. From
the moment of final authorization of the plans for the performance of the
initial adaptation works in the area of the old wing by the Lessor, as
aforesaid, these shall be attached to the agreement as Appendix
B2. The Lessee hereby undertakes that the plans shall be adapted by
the various consultants on behalf of the Lessee and Lessor, insofar as
required by the Lessor, including a safety consultant on behalf of the
Lessor, and the Lessee shall act, at its expense, insofar as required, to
carry out all the aforesaid.
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b.
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The
Lessee shall receive possession of the rented premises, in its present
state, “as is” on the date of delivery as defined in section 6 herein
below.
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The
Lessee shall perform, at its sole liability and expense, all the adaptation
works in the rented premises, all subject to the provisions of this agreement,
including section 14 of this agreement and including the undertaking of the
Lessor to participate in the costs of performance of the initial permanent
adaptation works, as defined herein below, in accordance with the provisions of
this agreement.
Without
derogating from the other provisions of this agreement, the parties hereby agree
that the adaptation works that the Lessee shall perform in the rented premises
in accordance with the final authorized plans, as aforesaid and as specified in
section 5(a) above, shall be performed thereby solely from the date of delivery
of the rented premises to the Lessee until the date February 1, 2006
(hereinafter: “the Initial Adaptation Works”). The initial adaptation works
shall be performed solely by registered contractors, provided that the Lessor
shall be partner to the procedure of choosing the performing contractors and the
process of conducting negotiations therewith. Any conclusion with respect to
selecting any performing contractor and the cost of the works to be performed
shall be subject to the prior authorization of the Lessor. The Lessor shall
refuse to give its agreement, as aforesaid, solely on reasonable grounds. In
addition, the Lessee hereby agrees that the Lessor shall propose to the Lessee,
if it chooses to do so, names of contractors to obtain price offers from them
and the Lessee shall contact the contractors, as aforesaid, with a request to
obtain a price proposal for the performance of the initial adaptation works or
any part thereof.
In the
event that the Lessor fails to give the Lessee its decision in connection with
the price proposal of the contractor that was authorized by the Lessor in
advance, as aforesaid, within 10 days of the date the Lessee submits the price
proposal in writing to the Lessor, the matter shall be deemed as implied consent
of the Lessor, and the Lessee may decide, according to its sole discretion,
whether or not the contractor’s proposal is acceptable.
The
parties hereby clarify and agree that the Lessor may determine on reasonable
grounds in connection with the initial adaptation works that the price proposal
and/or the contractor are unacceptable thereto and the Lessee shall act in
accordance therewith.
In
addition, the Lessee hereby undertakes to cooperate and instruct each contractor
and/or anyone on behalf thereof to cooperate with the Lessor and/or anyone on
behalf thereof concerning all that is connected to the performance of the
initial adaptation works, including in connection with the manner of the
performance thereof in the building and in general the fulfillment of the
provisions and directions for safety, etc.
The
parties hereby agree that on behalf of the Lessee ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇ shall
supervise the performance of the initial adaptation works, pursuant to the
provisions of this agreement.
The
Lessor shall finance part of the cost of the initial permanent adaptation works,
as to be defined herein below, solely in the amount of $250 per square meter of
the rented premises with the addition of Value Added Tax (hereinafter: “the
Lessor’s Contribution”) and all subject to the performance thereof pursuant to
the provisions of this agreement, in full and on time and in accordance with the
provisions of this section.
For the
avoidance of doubt, it is hereby clarified that the Lessor’s contribution to the
cost of the initial adaptation works, as specified above, shall apply solely to
the initial adaptation works in the rented premises, which shall remain in the
rented premises on the date of evacuation thereof by the Lessee and which
constitute an alteration and/or addition to the infrastructures, to the division
or systems of the rented premises, including the form thereof, the nature
thereof, the style thereof, the quality thereof, the kind thereof, the size
thereof or the quantity thereof and, inter alia, the Lessor’s
contribution, as aforesaid, shall not apply to the purchase of movable
equipment, such as furniture, computers, etc. (above and herein below: “the
Initial Permanent Adaptation Works”).
The
parties agree that following the parties’ and various contractors’ conclusion
regarding the estimated comprehensive price of the initial permanent adaptation
works, the parties shall prepare a revaluation of the amount of the Lessor’s
contribution, as defined and specified above, in relation to the total cost of
the initial permanent adaptation works (i.e., a revaluation according whereto
the Lessor’s contribution reaches a certain percentage [revaluated] of the sum
total of revaluated costs of the initial permanent adaptation works)
(hereinafter: “the Proportion of the Lessor’s Contribution”).
The
Lessor shall pay the Lessee the sum of the Lessor’s contribution in respect of
the performance of the initial permanent adaptation works, or any part thereof,
according to the amount of the Lessor’s contribution in connection with each and
every invoice within 21 days of any date whereon the Lessee issues to the Lessor
demands to pay in connection with the performance of such works, against the
presentation of the contractors’ invoices in connection with the same works,
provided that prior to the performance of the works subject of any invoice, as
aforesaid, the Lessee shall receive the authorization of the Lessor in advance
and in writing for the price proposal of the contractor selected for the
performance of the same works and the selection of the contractor for the
performance thereof, and, likewise, the Lessor has authorized that this concerns
the initial permanent adaptation works, subject to the fact that the Lessor has
authorized the same invoices following the performance of the works, as
aforesaid, and the works subject of the invoices have been performed subject to
the provisions of this agreement. (For the avoidance of doubt and solely for
purposes of illustration, it is hereby clarified that if following the aforesaid
revaluation, the parties agree that the Lessor’s contribution to the costs of
the initial permanent adaptation works, as aforesaid, amount to (for example)
the sum of 35% of the revaluated value thereof (i.e., the amount of the Lessor’s
contribution in this case), the Lessor shall pay the Lessee, in accordance with
the aforesaid, the value of 35% of the entire invoice to be presented thereto,
as aforesaid, in any event up to an upper comprehensive and final limit of $250
per square meter of the rented premises).
The
parties hereby further clarify and agree that insofar as the cost of the initial
permanent adaptation works shall exceed the sum of the Lessor’s contribution, as
defined above, such works shall be performed at the expense of the Lessee, as
specified above, and the addition of the surplus price shall be paid by the
Lessee. And, in any event where the cost of the initial permanent adaptation
works shall be less than the amount of the Lessor’s contribution, as defined
above, the Lessee shall not be entitled to any compensation and/or payment
and/or refund of the difference between the actual cost of the initial permanent
adaptation works and the amount of the Lessor’s contribution, as specified
above, and/or to financing for the works and /or any equipment whatsoever, in
the amount of the aforesaid difference, at any time
whatsoever.
6. Date of
Delivery
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a.
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If
the Lessee has conveyed to the Lessor the securities as specified in
section 22 herein below, and all remaining payments in accordance with
section 11 (c), the Lessor shall deliver to the Lessee possession of the
rented premises at the time of signature of the agreement by the Lessee
and the submission thereof signed, with all appendices agreed thereto, to
the Lessor (hereinafter: “the Date of
Delivery”).
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b.
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Without
derogating from the generality of the aforesaid, a delay of up to 14 days
in the date of delivery as a result of any delay whatsoever, for any
reason whatsoever, shall not be deemed a breach of the agreement and shall
not entitle the Lessee to any relief whatsoever. It is clarified that
termination of the tenancy period shall not be deferred in accordance with
a delay in delivery.
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c.
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Without
derogating from the aforesaid in sub-section b above, the parties hereby
agree that the date of delivery and/or date of completion of the initial
adaptation works shall be deferred in cases of force majeure, strikes or
lockdowns in the construction industry, situations of war or mobilization
of reserves, an unanticipated shortage in materials or laborers, the
failure to supply electricity and/or if the rented premises fail to be
connected to the electricity grid, provided that liability for such is not
exclusively the Lessor’s or any other reason or cause not under the
control of or within the reasonable anticipation of the Lessor. The
project manager shall determine, according to his discretion, the duration
of time wherein the circumstances as specified above occurred and the date
of delivery shall be deferred accordingly. A delay as aforesaid shall not
be deemed a breach of the agreement and shall not entitle the Lessee to
any relief whatsoever. Termination of the tenancy period shall be deferred
in accordance with a delay in the delivery of possession
thereof.
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In the
event that completion of the initial adaptation works by the Lessee is delayed
due to force majeure and this precludes the entry of the Lessee into the rented
premises and its reasonable use thereof for the objective of the tenancy,
pursuant to the agreement, all dates pursuant to the agreement shall be deferred
for the period wherein the force majeure occurred, provided that the Lessee
acted insofar as possible and took all possible means to complete the works as
soon as possible and curtail the aforesaid delay.
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d.
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The
date of delivery or deferred date of delivery in accordance with
sub-sections b or c above, shall be called hereinafter: “the Date of
Delivery.”
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e.
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The
Lessee shall be obligated to accept possession of the rented premises on
the date of delivery and the Lessor shall perform the delivery of the
rented premises with the participation of the Lessee’s representative, if
he is present, subsequent to receiving notice of at least two business
days in advance.
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E1. The
parties hereby agree and clarify that a principal and fundamental condition of
this agreement is that the Lessee shall evacuate an area of 430 square meters on
the first floor of the building, which the Lessee rented from the Lessor
pursuant to the tenancy agreement the parties signed on September 14, 2003
(respectively hereinafter: “the Returned Area” and “the First Tenancy
Agreement”), on whichever date is the earlier of : (1) ten days from the date of
the transfer of the business thereof and/or any part of the business thereof
(including the move of any furniture or equipment whatsoever) into the rented
premises; or (2) September 2, 2005. It is hereby agreed that at the Lessee’s
request of the Lessor, in writing, at least a month prior to this date, the
Lessee may receive an extension of up to 10 days of this date, i.e., until
October 2, 2005 at the latest (the date of evacuation as aforesaid shall be
called hereinafter: “the Date of Evacuation of the Returned Area”). The Lessee
hereby undertakes to evacuate the returned area, as aforesaid, in accordance
with all provisions of the first tenancy agreement, as it is clean and freshly
painted with Tambour Supercryl paint (in the same shade as it received the
returned area or any other shade whereto the Lessor or the project manager
agrees in writing).
For the
avoidance of doubt, the parties hereby agree that as long as the Lessee fails to
evacuate the returned area in accordance with the provisions of this agreement
and the first tenancy agreement, the first tenancy agreement shall continue to
apply to the Lessee for all intents and purposes. Likewise, the parties hereby
clarify and agree that the failure to evacuate the returned area beyond
5
business
days following the date of evacuation of the returned area, as defined above,
shall constitute a fundamental breach of the first tenancy agreement in respect
of the failure to evacuate on time, in respect whereof the Lessor may utilize
any relief pursuant to the first tenancy agreement and pursuant to any
law.
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f.
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For
the avoidance of doubt it is clarified that the Lessor may also, following
the completion of the building, perform building works and other works in
parts of the building, which are not the rented premises, including, but
not solely, development works, provided that such works fail to preclude
and/or damage the reasonable use of the Lessee of the rented premises for
the tenancy objective and fail to infringe on the Lessee’s rights pursuant
to this agreement.
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Likewise,
the addition of stories and/or parts of stories and/or the enlargement of
the areas permitted for use in the building and/or the alteration of the
permitted designation of areas within the building shall not be deemed a
beach of the Lessor’s undertaking, as aforesaid, as long as this fails to
preclude and/or harm the Lessee’s reasonable use of the rented premises
for the objective of the tenancy or fail to infringe the rights thereof,
pursuant to this agreement.
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The
Lessor may perform alterations in the building plans and/or the rented
premises, if it is required to do so by any competent authority, provided
that the aforesaid alterations fail to preclude and/or damage the Lessee’s
reasonable use of the rented premises for the objective of the tenancy
and/or fail to infringe the Lessee’s rights pursuant to this
agreement.
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f.
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The
project manager shall determine, at his discretion, as an expert and not
as an arbitrator, whether the works and/or alterations and/or additions,
as specified in sub-section 6 (f) above disturb the Lessee’s reasonable
use of the rented premises for the objective of the tenancy. In addition,
the project manager shall determine, at his discretion, as an expert and
not as an arbitrator, whether the initial adaptation works were performed
in accordance with the plans in Appendices B1 and B2 to this agreement and
whether divergences from the plans or specifications or alterations
therein constitute substantial divergences or minor divergences and/or
whether such may disrupt the Lessee’s reasonable use of the rented
premises. The parties agree that in the event that the project director’s
decision, as aforesaid, fails to be agreeable to either of the parties to
this agreement, the parties shall jointly request the appointment of an
arbitrator whereon they agree to decide such questions. The arbitrator
shall be selected in agreement and shall be a professional in the field of
engineering and/or construction. In the absence of agreement regarding the
appointment of an arbitrator, the arbitrator shall be appointed by the
chairman of the Contractors and Builders Association in Israel. The
parties agree that in the event that either of the parties requests
approaching an arbitrator, as aforesaid, the matter shall not constitute
grounds for the non-performance and/or delay in performance of any of the
provisions of the agreement, without the matter constituting the admission
of any contention whatsoever and/or derogating from any contention and/or
relief pursuant to any law and
agreement.
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7. Parking
A sketch
of the building’s parking spaces is attached hereto as Appendix
D to this agreement (hereinafter: “the Sketch of Parking Spaces”).
Eighteen ordinary parking spaces marked in red on the sketch of parking spaces
shall be made available to the Lessee for the period of the tenancy for the sole
use thereof, commencing at the beginning of the tenancy period, pursuant to this
agreement.
The
parties hereby agree that by way of giving written notice of 30 days in advance
to the Lessor, the Lessee shall have the option to add and rent up to 12
additional parking spaces in the building to be allocated and marked by the
Lessor (hereinafter: “the Additional Parking Spaces”), part of which shall be
ordinary spaces and part shall be double spaces according to the relation and
arrangement herein below: the first 8 additional parking spaces shall be double
parking spaces (i.e., 4 double parking spaces) and the 4 remaining spaces to be
rented to the Lessee thereafter shall be ordinary parking spaces. Rental of each
of the additional parking spaces shall commence on the date according to the
Lessee’s provision of notice to the Lessor, as aforesaid, and shall extend until
the expiration of the tenancy period.
Likewise,
the parties hereby agree that, subject to the provision of 30 days’ notice in
advance and in writing to the Lessor, the Lessee shall have the right to reduce
the number of additional parking spaces that it shall rent from the Lessor, as
aforesaid, up to the rental of 18 ordinary parking spaces specified in the first
sub-section of this section 7 herein, at the least. The type of additional
parking spaces to be reduced, as aforesaid in this sub-section above, shall be
in accordance with the type of additional parking spaces that the Lessee rented
from the Lessor, in the reverse order to the order aforesaid, so that each
additional parking space to be removed shall be the last additional parking
space (ordinary or double) that the Lessee rented, in accordance with the
contents of this section above.
In return
for the use of the parking spaces, the Lessee shall pay the Lessor rent as
specified in section 10 herein below.
In any
event of the termination of the tenancy or the lawful revocation thereof, all as
the case may be, the permission to use the parking spaces as aforesaid shall
automatically be revoked as well. The provisions of this agreement concerning
all that pertains to the rented premises shall apply to the parking spaces as
well.
8. Objective
of the Tenancy
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a.
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Without
derogating from the aforesaid, the objective of the tenancy is to conduct
a business that manages and develops medical projects, in general, and
medications, in particular, including a laboratory for research and
development for the aforesaid
purpose.
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It is
clarified that the Lessee has the responsibility to obtain all licenses required
for the management of its business in the rented premises, if required, and the
failure to obtain such shall not constitute grounds for the curtailment or the
delay of the tenancy or reduction of the rent, even in the event that the
business is closed as a result of the absence of a license as
aforesaid.
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b.
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In
the event that the Lessee fails to obtain a permit to conduct its business
and/or a business license for any reason whatsoever, the Lessee shall not
have a claim nor shall a claim arise on any grounds and of any kind
against the Lessor and by the signature of this agreement the Lessee
waives a claim in advance, including but not solely in respect of the
investments thereof in the rented
premises.
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Nothing
in the aforesaid shall be deemed as permission by the Lessor for the Lessee to
use the rented premises and/or to manage a business therein without a permit
and/or by way of a divergence therefrom.
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c.
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For
the avoidance of doubt and without derogating from the aforesaid, the
parties hereby agree that liability in respect of managing the Lessee’s
business not in accordance with a lawful permit shall apply solely to the
Lessee and it undertakes to indemnify the Lessor in respect of any claim
and/or obligation placed thereon for managing a business in the rented
premises without a lawful permit and/or due to the failure to obtain the
permits within 7 days of receiving the first demand of the Lessor,
provided that in the event of a claim – the Lessor gave the Lessee written
notice of the filing of the claim a reasonable amount of time in advance
and enabled it to offer a defense against the claim, and in the event of
an obligation – against the presentation of documentary proof and/or
lawful tax invoices with respect to the performance of actual payment by
the Lessor.
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9. Period of
the Tenancy
Subject
to the fulfillment of all undertakings of the Lessee pursuant to the agreement,
the Lessor hereby rents to the Lessee and the Lessee hereby rents from the
Lessor the rented premises in an unprotected tenancy from the date of delivery
of the rented premises until the date, December 15, 2008 (hereinafter: “the
Period of the Tenancy”).
Notwithstanding
the aforesaid, the parties hereby agree and clarify that in any case where on
the date of delivery the rented premises are not delivered to the Lessee as a
result of an act and/or omission of the Lessee and/or anyone on behalf thereof
and/or as a result of other reasons not under the Lessor’s liability, save for
force majeure, then the rented premises shall be deemed as having been delivered
to the Lessee on the date of delivery and commencing on this date (the date of
delivery), the Lessee shall be obligated with all its undertakings pursuant to
this agreement, including payment of rent, maintenance fees, municipal rates and
any other payment in relation to the entire rented premises.
9A. Right of First Refusal for
Renting Additional Space
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a.
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The
Lessee is hereby granted the right of first refusal in connection with
renting two areas on the 6th
floor of the building, both outlined and marked in blue on the sketch
attached hereto as Appendix A to this agreement, each of them in full
(hereinafter: “the Right of Refusal” and “the Additional Areas”), solely
during the first 18 months following the date of delivery of the rented
premises as defined above (hereinafter: “the Period of the Right of First
Refusal”), as follows:
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The
Lessor shall deliver notice to the Lessee of its intention to rent either of the
additional areas (above and below: “the Additional Area”) to a tenant who is
interested therein (hereinafter: “the Potential Tenant”) and the Lessee shall be
given 7 days from the date of delivery of the Lessor’s notice thereto to
undertake in writing vis-à-vis the Lessor to rent the relevant additional area
in its entirety, in accordance with the conditions offered by the potential
tenant and subject to the remaining provisions of this agreement, mutatis mutandi. Insofar as
the Lessee requests to measure the additional areas, the Lessor shall perform
the measurement and the Lessee shall bear the expense of the measurement. If the
Lessee undertakes, as aforesaid, to rent the pertinent additional space, as
aforesaid, then all the provisions of section 9A (b) herein below shall apply in
relation to the exercise of the right of first refusal and in accordance all the
provisions of this agreement shall apply in relation to the rental of the
additional area.
If the
Lessee gives notice that it is not interested in renting the additional space or
fails to deliver its undertaking in writing for the rental of the Additional
Area within 7 days of the date the Lessor’s notice was delivered thereto as
aforesaid, the Lessor may rent the Additional Area to the potential tenant. The
parties agree that in the event that an agreement fails to be signed between the
potential tenant and the Lessor for the rental of the Additional Area as
aforesaid and the Lessor is interested in renting the Additional Area to another
potential tenant, then the Lessor shall be obligated to act again in accordance
with the procedure described herein in this section above prior to the rental of
the additional space.
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b.
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In
the event that the Lessee exercises the right of first refusal for the
rental of either of the Additional Areas, the provisions of this agreement
shall apply in relation to the Additional Area that it rents as well,
mutatis mutandi,
and in accordance with the particulars specified herein
below:
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(1)
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The
Lessee shall accept possession of the Additional Area, in its present
state at the time of delivery thereof, “as is,” subsequent to the Lessor
providing final authorization for the plans the Lessee submits to the
Lessor, in accordance with the contents of section 5 above and on the date
of delivery as defined in section 6 above in connection with the rented
premises, all this in connection with the pertinent Additional Area, mutatis mutandi, and
subject to the Lessee’s maintaining the
schedules.
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The
Lessee shall perform at its sole liability and at its expense all the adaptation
works in the Additional Area, and all subject to the provisions of this
agreement, including section 14 of this agreement and subject to the contents
stated herein below, including the Lessor’s undertaking to participate in the
costs of the performance of the initial permanent adaptation works in the
Additional Area, at a cost per square meter and in the manner of participation
in accordance with the provisions of this agreement, mutatis mutandi.
Notwithstanding the aforesaid, the parties hereby agree explicitly that in the
event that the Lessee exercises the right of first refusal to rent either of the
Additional Areas, pursuant to this section 9 herein, in the last six months of
the period of the right of first refusal, as defined above, the Lessor’s
contribution shall amount to the cost of the performance of the initial
permanent adaptation works in the Additional Area, which the Lessee shall rent,
as aforesaid, i.e., solely $200 per square meter of the Additional Area, with
the addition of VAT, and not the amount stated in section 5 (b)
above.
For the
avoidance of doubt, all provisions of this agreement in relation to the planning
and performance of the initial adaptation works in the rented premises and in
relation to the delivery of possession of the rented premises shall apply mutatis mutandi as well in
relation to each of the Additional Areas, if and insofar as such are rented to
the Lessee, as aforesaid in section 9A herein.
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(2)
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The
period of tenancy of the Additional Areas, if and insofar as such are
rented to the Lessee, as aforesaid, shall conclude on the date that the
rental period of the rented premises
expires.
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(3)
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If
the Lessee exercises the right of refusal for rental of either of the
Additional Areas, as aforesaid, the pertinent Additional Area shall be
added to the area of the rented premises as defined herein in this
agreement above, and all provisions of this agreement shall apply thereto,
mutatis
mutandi.
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10. Rent
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a.
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During
the period of the tenancy, the Lessee undertakes to pay the Lessor in
respect of the rented premises monthly rent as
follows:
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$10.20 in
respect of each square meter (gross) of the New Wing Area and the Old Wing
Area
$8 in
respect of each square meter (gross) of the Machinery Area and the Gallery
Area
$46 U.S.
for each parking unit (whether ordinary parking spaces or parking allocated to
the Lessee within the context of double parking spaces, in which case it is
clarified that the payment for double parking spaces shall stand at
$92)
(Hereinafter:
“the Rent”)
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b.
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(1) With
respect to all that pertains to the New Wing Area, notwithstanding the
aforesaid in section 10 (a) above, the Lessee receives a grace period and
shall not be obligated to pay rent solely for rental of the New Wing Area
from the date of delivery, as aforesaid herein in this agreement above,
until whichever is the earlier of: (a) the date of commencement of
operating the business of the Lessee (including any part thereof) in an
New Wing Area or in any part thereof, including moving any equipment
and/or furniture whatsoever into the New Wing Area, or (b) September 2,
2005. However, it is clarified that the Lessee shall be obligated with all
remaining payments and undertakings pursuant to this agreement, including
municipal rates and management fees, commencing from the date of delivery
of the New Wing Area.
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(2) With
respect to all that pertains to the Old Wing Area, notwithstanding the aforesaid
in section 10 (a) above, the Lessee receives a grace period and shall not be
obligated to pay rent solely for the rental of the Old Wing Area from the date
of delivery, as aforesaid herein in this agreement above, until whichever is the
earlier of: (a) the date of commencement of operating the business of the Lessee
(including any part thereof) in the Old Wing Area or in any part thereof,
including moving any equipment and/or furniture whatsoever into the area of the
old wing, or (b) February 1, 2006. However, it is clarified that the Lessee
shall be obligated with all remaining payments and undertakings pursuant to this
agreement, including municipal rates and management fees, commencing on the date
of delivery of the Old Wing Area.
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c.
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Rent
and all other payments stated in dollar amounts herein in this agreement
shall be translated and paid in New Israeli shekels according to the known
representative rate on the actual date of payment and, in any event, the
value thereof in shekels shall not be less than the value thereof on the
date fixed for the performance of each payment, pursuant to this
agreement. Without derogating from the aforesaid herein in this section,
in the event that between the date fixed for payment and the actual date
of payment there is a devaluation of one or more percent in the value of
the dollar, the Lessee shall pay the Lessor, forthwith upon the first
demand of the Lessor, the difference in rent between the date fixed for
payment and the date of actual
payment.
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11. Payment
of the Rent
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a.
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The
Lessee shall pay the Lessor the rent, as aforesaid in section 10 above in
advance for every three months of the tenancy period, on the first day of
each 3-month period, as aforesaid.
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The
parties hereby agree that in order to facilitate payment and collection of the
rent, the Lessee, up to and no later than the date of the commencement of the
tenancy period each year, may deposit with the Lessor 4 checks, each of them in
the amount of the entire rent for each of the quarters of the following rental
year in a shekel amount required pursuant to the provisions of this agreement on
the date of issuing the checks, as aforesaid, and the actual date of payment of
each one of the checks shall be the first day of each quarter of the following
tenancy year.
At the
conclusion of each quarter of the rental period as well as on the date of
termination of the tenancy period, the Lessee shall pay the Lessor the
differences in the event that such were produced as a result of a rise in the
dollar rate between the sum stated on the checks and the sum that the Lessee is
to pay the Lessor in practice, according to the dollar rate on the actual date
of payment of each of the checks, i.e., on the first day of the pertinent
quarter.
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b.
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All
payments that apply to the Lessee pursuant to this agreement, the Lessee
shall pay them, as aforesaid, up to the time of 11:00 a.m. by way of a
bank transfer and/or in any other manner that fails to be a standing
order, according to the Lessor’s instructions. If the date of payment
falls on a day that is not a business day, the payments shall be paid on
the first business day following
thereafter.
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c.
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On
the date of signature of this agreement by the Lessee, and as a condition
to the signature thereof, the Lessee shall pay the Lessor rent for the
first quarter of the rental period following forthwith each of the grace
periods, as aforesaid in section 10
(b).
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d.
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Payment
by way of checks, authorization of the performance of the bank transfer
and/or any other means of payment shall not be deemed payment and solely
the actual remittance of the checks and/or the actual transfer of the sums
to the Lessor by the bank shall be deemed as payment of the rent. The
parties hereby agree that non-remittance of checks not as a result of an
act and/or omission of the Lessee shall not be deemed a breach of this
agreement, subject to the Lessee’s correction thereof and it shall ensure
the full remittance of the checks and/or the performance of the payment in
another manner within 4 days of the date of the demand of the Lessor
and/or anyone on behalf thereof. Likewise, the parties hereby agree that
in the event that the non-payment of the checks was caused by a strike at
the bank, the aforesaid non-payment shall not be deemed a breach of this
agreement as long as the strike continues at all banks in Israel wherein
the Lessee holds a bank account.
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e.
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The
Lessee shall pay the Lessor rent and shall make all other payments it is
obligated to pay in accordance with this agreement for the entire period
of the tenancy, even if for any reason not under the Lessor’s liability
the Lessee uses solely part of the rented premises and/or solely part of
the time, whether of its own will or not of its own
will.
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f.
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The
Lessee hereby waives any contention of offset and the cause of action of
offset, whether current and/or future, of any amount, whether limited or
not, of the rent and/or the management fees and/or any other payment owing
to the Lessor, pursuant to this
agreement.
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12. Other
Payments
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a.
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In
addition to the other payments specified herein in this agreement, the
following payments shall apply to the Lessee during the tenancy
period:
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(1)
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All
taxes, municipal rates, fees, charges, municipal and government, of any
kind that apply and/or shall apply to the holder of the rented premises
and/or imposed in respect of the very use of the rented premises,
including, but not solely, general municipal rates, garbage removal
expenses and other municipal taxes and/or such involved in the business
the Lessee runs in the rented premises and/or the objective of the rental,
including business tax, signage tax, fees and licenses for a business and
management thereof, save for charges and taxes applying by the nature
thereof to the owners of property such as: the charge for sewage and
paving roads, betterment charge,
etc.
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(2)
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All
fees and payments relating to the consumption of electricity in the rented
premises.
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The
Lessee declares that it is aware that the Lessor is the owner of the sole rights
vis-à-vis the Israel Electric Corporation Ltd. (hereinafter: “the Electric
Corporation”) with respect to all that is connected to receiving electricity in
the building.
In light
of the aforesaid, the Lessor hereby undertakes to supply the rented premises
with electricity under the conditions and at a rate according to system load and
consumption times for low voltage, customary from time to time, at the Israel
Electric Corporation.
The
Lessee hereby waives absolutely, finally and irrevocably the right thereof to
enter into agreement with the Electric Corporation with respect to any matter
and issue pertaining to the supply of electricity to the rented premises. It
hereby declares and undertakes that its sole partner with respect to all that
pertains to the supply of electricity to the rented premises shall be solely the
Lessor (or, at the Lessor’s request, the management company) and that it has no
claims and shall have no claims and it hereby waives finally, absolutely and
irrevocably any claims against the Electric Corporation concerning anything
related to the supply of electricity to the rented
premises.
The
Lessee may not request directly of the Electric Corporation and/or any other
entity, apart from the Lessor, that it shall supply electricity and it shall not
contact the Electric Corporation with a request to install a separate
electricity meter or to make payment directly to the Electric Corporation. The
Lessee shall have no claim concerning any cause of action whatsoever against the
Electric Corporation in respect of the failure to supply electricity or
disruptions in the supply of electricity. Without derogating from the aforesaid,
if the Lessee installs electronic equipment or any electricity whatsoever, it
shall not be permitted to come forward with any protest or claim whatsoever as a
result of the cessation of the supply of electricity and/or disruption in the
supply thereof.
The
Lessor may visit the rented premises at any reasonable time and, insofar as
possible following prior coordination, to inspect any electrical device and
equipment connected to the electricity grid, to test the safety thereof and the
adaptation thereof to the safety standards and customary consumption habits, as
such may be from time to time. If an electrical engineer on behalf of the Lessor
believes that alterations must be made to the electricity system within the
rented premises or that any electrical equipment whatsoever installed in the
rented premises is likely to cause damage to the supply of electricity and/or
that it comprises a safety drawback or hazard and/or it fails to meet accepted
safety standards and/or the load it is likely to impose on the electricity
system is likely to disrupt the operation thereof or cause excessive expenses,
the engineer shall demand the repair and/or replacement and/or alteration of the
system or equipment, as aforesaid, and the Lessee undertakes to take any means
necessary, at its own expense, at the earliest possible time, provided that it
installed the electrical device in the rented premises and/or it was installed
at its request. The Lessee shall be liable for any damage caused to the Lessee
and/or the Lessor and/or the rented premises and/or the equipment and building
systems as a result of the operation of the improper electrical device that it
installed and/or had installed at its request in the rented premises or that was
damaged as a result of the unreasonable use of the rented premises by the
Lessee.
The
Lessor is aware and agrees that the Lessee may install a bellows in the Gallery
Area and an additional bellows, chiller and generator in the Machinery Area, all
at the liability and expense of the Lessee and subject to the provisions of
section 14 herein below. It is clarified that subject to the agreement of the
parties with respect to the conditions of maintenance and price thereof, the
Lessor shall agree to maintain the bellows, the chiller and the generator, as
aforesaid. Nonetheless, in any event, the Lessee shall bear liability for faults
in any of the equipment, as aforesaid and any damage that is caused (insofar as
such is caused) to the Lessee, the Lessor or any third party in connection
thereto and the Lessor shall not bear any liability in connection
therewith.
Without
derogating from the aforesaid in any other place, the supply of electricity to
the rented premises and/or other places in the building may be halted and/or
limited in the following instances:
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-
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Any
disturbance in the electric current from the Electric Corporation reaching
the building, for any reason
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-
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In
any event where there is risk or concern for risk to person or
property
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-
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In
any other event where an electrical engineer on behalf of the Lessor
instructs that the electricity supply must be
halted.
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Insofar
as possible, the Lessor shall coordinate with the Lessee in advance such
anticipated suspensions and/or disruptions in the electricity supply to the
rented premises. The Lessor shall act swiftly and efficiently to renew the
electricity supply fully or partially at the earliest possible
time.
The
Lessor may arrange for controls, inspections, handling and repairs of electrical
devices and all equipment in connection with the electricity system, as it deems
proper, from time to time and, for this purpose it may from time to time,
subject to advance written notice, save for in emergencies or unanticipated
instances, temporarily disconnect the electricity supply to the rented premises
and/or the building, partially or fully. The Lessor shall act insofar as
possible to curtail the time period of such electricity breaks, as aforesaid.
The Lessee hereby waives any contention and claim in connection
thereto.
In the
event of a break in the supply of electricity to the rented premises, the Lessee
shall be liable from every aspect and at any time to operate the Lessee’s
generator to supply electricity to the rented premises, if and insofar as the
Lessee has a generator as aforesaid and insofar as the Lessee opts to do so. The
parties hereby clarify and agree that the Lessor shall not be liable, at any
time and for any reason, for the operation and/or non-operation of the generator
of the Lessee, if and insofar as such generator shall be installed, as
aforesaid.
The
Lessee hereby undertakes to pay the Lessor (or at the request thereof to the
management company) in respect of the consumption of electricity in the rented
premises throughout the entire period of the tenancy in accordance with the
reading of an electricity meter in the rented premises and the rate according to
system load and consumption times for low voltage of the Electric Corporation,
as they may be at the times of the charge, from time to
time.
The
Lessor is obligated to pay the Electric Corporation for the electricity to be
supplied to the building without any connection to the Lessor’s success in
collecting the sums in respect of electricity consumption from the tenants.
Accordingly, the Lessee hereby gives its consent that the Lessor (or the
management company) may, subsequent to providing written warning of at least 72
hours in advance, disconnect the electricity supply to the rented premises, both
in respect of the failure to pay for electricity consumption, as aforesaid, and
in any event of a fundamental breach of this agreement by the Lessee, provided
that solely for the purposes of this section it shall not be deemed a
fundamental breach of the agreement but rather a breach with respect whereto
written warning of 14 days was given to the Lessee and it failed to rectify the
breach within this 14-day period. The Lessee hereby explicitly exempts the
Lessor from any liability for any deficit and/or damage and/or loss likely to be
caused thereto as a result of the interruption in the electricity supply in the
circumstances specified herein above.
Notwithstanding
the aforesaid, if, for any reason whatsoever, the electricity to the building
shall not be supplied in bulk or the Lessor shall request that the rented
premises or any part of the building shall be connected to the ordinary supply
of electricity (not in bulk), whether permanently or temporarily, at the
Lessor’s request, the Lessor shall contact the Electric Company directly
concerning all matters connected to the supply of electricity to the rented
premises and the consumption thereof by the Lessee and the aforesaid herein in
this section shall be revoked or altered, as the case may be, and all conditions
and rules of the Electric Corporation regarding all that pertains to the
connection and supply of electricity to the Lessee shall apply to the Lessee.
The Lessee shall bear all expenses involved in connection with the aforesaid
herein in this section. In the event that the Lessor requests that the Lessee be
returned to the supply of electricity in bulk, the Lessee shall act as
required.
Without
derogating from the remaining provisions of the agreement with respect to the
arrangement of alterations in the rented premises and as a special and
fundamental provision of the agreement, the Lessee hereby undertakes to refrain
from performing any works and/or alterations whatsoever in the electricity
system in the rented premises and/or the building and/or any part thereof
without obtaining the consent of the Lessor in writing and in advance and
subject to the conditions of such consent.
In the
event that as a result of a law, regulation, order or act of a government
authority and/or other competent authority, in the opinion of the Lessor it
becomes necessary to perform any alterations in the system of the electricity
supply to the rented premises, the Lessor shall perform all such alterations, as
aforesaid, and the Lessee shall have no contention whatsoever in respect of the
performance of the alteration, as aforesaid. The Lessor shall coordinate the
performance of the adaptation works, as aforesaid, with the Lessee, save for in
urgent cases.
In
addition, the Lessee shall pay the Lessor for the consumption of electricity for
air-conditioning of the rented premises, pursuant to the relative consumption of
water or electricity of the air-conditioning system in the building, in
accordance with Appendix E of this
agreement, while the Lessee’s share shall be calculated according to the share
of the rented premises in relation to the entire rented areas in the building.
For the avoidance of doubt, the expenses in respect of electricity for
air-conditioning shall come in addition to the rent and maintenance fees,
pursuant to this agreement.
It is
clarified that the Lessee has requested to supply the Old Wing Area with
air-conditioning with a higher than ordinary level of cooling. In addition to
the aforesaid in any other place, the Lessee shall pay the Lessor an additional
payment in respect of the supply of air-conditioning with a stronger cooling
power than ordinary, in accordance with the formula specified in Appendix
E1.
The
Lessor shall not bear liability and/or any obligation in connection with any
damage, including direct damage and/or resulting damage and/or indirect damage
the Lessee or any person, institution or corporation incurs as a result of a
break in the supply of electricity and/or air-conditioning to the rented
premises by the Lessor, as a result of the failure to pay on time as aforesaid,
save in the event that such damage was caused as a result of a break in the
electricity supply by the Lessor with malicious intent and not in accordance
with the provisions of this agreement.
The
Lessee hereby waives finally, absolutely and irrevocably any right to ▇▇▇ the
Lessor and/or the management company in respect of breaks in the supply of
electricity to the rented premises and/or the building and/or disruptions in
such supply, provided that the Lessor failed to perform such disruptions with
malicious intent and not in accordance with the provisions of this agreement and
did its best to renew the regular supply thereof as soon as possible. The Lessee
hereby exempts the Lessor explicitly from any liability for a deficit and/or
damage and/or loss it is likely to incur as a result of the disruptions in the
electricity supply to the rented premises, save if such were caused as a result
of an act or omission with malicious intent of the Lessor and not in accordance
with the provisions of this agreement. Notwithstanding the aforesaid in any
other place, even if it is found that the Lessor is liable for the damages the
Lessee or any third party incurs in any matter, including in connection with the
supply or failure to supply electricity to the rented premises and/or other
parts of the building, in any event the Lessor and/or the management company
shall not bear liability for indirect damages and/or resultant damages and/or
damages that are not monetary.
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(3)
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The
cost of ongoing maintenance of the fire detection system within the rented
premises (shall be implemented by the Lessor). The Lessor declares that to
date of the signature of this agreement, such cost is estimated at NIS 10
for a detector per month.
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(4)
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Maintenance
services shall be charged at the rate stated in section 16 herein
below.
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(5)
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All
payments and expenses in respect of the supply of gas, water and telephone
in the rented premises and any other payment that shall apply in respect
of the use of the rented premises and maintenance thereof, including
maintenance of the systems therein, including air-conditioning systems
within the rented premises.
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b.
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In
the event that any of the sums that the Lessee is to pay the Lessor
pursuant to section a above shall be based on an invoice that relates to
the entire building, the Lessee shall pay the Lessor the
appropriate relative share of the amount of the entire invoice, provided
that for the purpose of calculating the relative share of the Lessee in
the aforesaid payments, the proportion between the rented premises and the
entire area of the building, whereto the invoice relates, shall be taken
into account.
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c.
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The
Lessee undertakes to ensure of its own accord and at its own expense that
the rented premises are cleaned.
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13. Value
Added Tax
The
Lessee undertakes to pay the Lessor Value Added Tax in addition to and together
with the payment of rent, including linkage differentials in respect thereof
and/or interest for delay and, in addition to and together with any additional
payment that it is obligated to pay the Lessor, pursuant to this agreement
and/or that the Lessor paid in place of the Lessee and the Lessee is required to
reimburse the Lessor, pursuant to the provisions o f this agreement and the
Lessor shall issue the Lessee a duly issued tax invoice. The date of settling
payment of the VAT shall be the date of payment thereof by the Lessor to the VAT
authorities, i.e., the 15th of the
second month of each quarter of the tenancy period.
The
aforesaid herein in this section is valid also in the event that another tax
shall be imposed in addition to VAT or shall come in place thereof under
conditions that the law shall apply to rent fees and shall impose or permit the
transfer of the duty in respect thereof to the Lessee. The VAT shall be handled
as is the rent, for all intents and purposes.
14. Alterations
in the Rented Premises Subsequent to the Date of Delivery
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a.
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Following
the date of delivery, the Lessee may perform solely in the rented premises
(not including public areas, but including lavatories, kitchenettes and
hallways), at its expense and liability, subsequent to attaining the
permission of the Lessor, who shall refuse solely on reasonable grounds,
works and alterations it requires to set up and/or move internal permanent
or movable partitions, to install telephone systems, air-conditioning,
plumbing, electricity and/or communications, to connect and install the
machinery, computers and equipment thereof and any other additional work
or alteration necessary in the opinion of the Lessee to conduct its
business in the rented premises, save for alterations likely to damage the
construction, walls, water and electricity systems thereof and/or
alterations affecting the façade of the building, whether the external or
internal façade or the reasonable use of the building by the users in
other units, all under the following
conditions:
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(1)
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The
Lessee shall transfer the plans for the aforesaid works for the Lessor’s
authorization and, insofar as the Lessor requires, also for the
authorization of a safety consultant, the identity whereof shall be
determined by the Lessor in advance and in writing. The Lessee shall bear
the fees of the safety consultant, as aforesaid, and any cost and/or
expense in connection therewith.
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(2)
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The
Lessor and safety consultant on behalf of the Lessor shall have the right
to demand alterations to the plans, specification and works specifications
and the Lessee undertakes to alter these in accordance with the demands of
the Lessor and safety consultant at the expense of the Lessee and commence
with the performance of the works solely subsequent to the Lessor and
safety consultant having authorized such in
writing.
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(3)
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The
provision of the Lessor’s authorization for the performance of the works
is conditional, in addition to the aforesaid, on the Lessee having
delivered to the Lessor copies of the insurance policies, in accordance
with the provisions of section 17 herein
below.
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(4)
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All
works shall be performed by skilled professionals at a level accepted in
similar high-tech buildings in the region of the rented premises and
according to Israel standards and subject to the directives of the project
manager.
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(5)
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The
Lessee shall perform the works in the rented premises in such manner and
form that it fails to cause any disturbance to the activities in any other
part of the building and/or to other tenants and the Lessee undertakes to
strictly fulfill all instructions of the Lessor and take all means to
prevent any disturbance, as
aforesaid.
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(6)
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The
Lessee shall bear liability for any damage caused during and as a result
of the performance of the works in the rented premises to any person and
any property, including herein in the building and/or the rented premises
and/or to other tenants and/or other rented premises and/or the Lessor and
agents thereof, whether the works were performed by the Lessee or by
anyone on behalf thereof.
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(7)
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The
Lessee agrees and authorizes that any sum that it expends to make
alterations to adapt the rented premises for the purposes thereof, as
aforesaid, shall not grant it vis-à-vis the Lessor any right to
restitution or any payment in respect of the sums and/or the alterations
it performed as aforesaid, not during the tenancy period nor during the
evacuation of the rented premises or subsequent to the evacuation
thereof.
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(8)
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The
Lessee shall obtain at its expense all licenses, authorizations and
permits required to perform the alterations from the competent
institutions and authorities, insofar as such are
required.
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b.
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Commencing
on the date of signature of this agreement, ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇.
▇▇▇▇▇▇▇ ▇▇▇▇▇ shall be responsible for safety on behalf of the Lessee in
the rented premises and they shall be liable on behalf of the Lessee to
obtain all authorizations and meet all standards required to meet the
demands of the fire department, as they may be from time to time, in
accordance with the contents solely of section 15 (h) including: (1)
obtaining authorizations of all manufacturers of the materials and those
performing the works, pursuant to section 14 (a) above, with respect to
meeting standards, forthwith upon completion of the performance of the
works and transmitting such to the Lessor on its first demand, (2) issuing
authorizations to the Lessor forthwith upon the demand thereof with
respect to meeting the standards of the fire department regarding the
electricity works, fire detection and fire extinguishing systems, fire
walls, areas and doors, performed by the Lessee and/or by anyone on behalf
thereof in the rented premises and (3) ongoing management to ensure that
escape routes in the rented premises to emergency exits shall be
accessible at all times.
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Those in
charge of safety shall be available at all times at telephone numbers (▇▇▇)
▇▇▇-▇▇▇▇, (▇▇▇) ▇▇▇-▇▇▇▇ or (▇▇) ▇▇▇-▇▇▇▇. The Lessee may replace the entity
responsible for safety by way of written notice to the Lessor.
The
Lessee shall be liable for any damage the Lessor and/or any person and/or body
and/or property shall incur as a result of the failure to fulfill the provisions
and/or procedures of safety and security in the rented premises, in accordance
with the provisions of this agreement and the directives of any authorities
pertaining to the matter. The Lessee hereby undertakes to indemnify the Lessor
within 7 days of receiving the first demand thereof in respect of any damage
and/or expense caused to the Lessor as a result of any claim or demand referred
vis-à-vis the Lessor and/or anyone on behalf thereof in respect of the Lessee’s
failure to meet the required safety standards and/or as a result of the failure
to fulfill provisions and undertakings of safety specified herein in this
agreement against the presentation of documentary proof and/or duly issued tax
invoices with respect to the actual payment of the expenses.
In the
event that the Lessee fails to completely fulfill the undertakings thereof
pursuant to this section 14 (b) herein above, the Lessor may (but is not
obligated to) perform the activities and undertakings applying to the Lessee or
any part thereof, as aforesaid, and the Lessee shall repay the Lessor any
expenses that it disbursed for this purpose within 7 days of receiving the first
demand thereof and against the presentation of documents of proof and/or duly
issued tax invoices with respect to the performance of the actual payment by the
Lessor and all provided that the Lessor gave the Lessee advance written warning
of 5 days prior to the performance of the activities, as aforesaid. Nothing in
the contents of this section may derogate from the Lessee’s duty to perform and
fulfill all undertakings thereof pursuant to section 14 (b) as aforesaid and/or
derogate from the liability of the Lessee, as specified in the section above,
also in respect of any action and/or deed that the Lessor performs as a result
of the Lessee’s failure to fulfill the undertakings thereof as specified herein
in this section.
15. Use of
the Rented Premises
Without
derogating from the validity of the remaining provisions of the agreement, the
Lessee undertakes the following:
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a.
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To
manage the work solely within the confines of the rented premises and to
use the rented premises solely for the objective of the tenancy and not
for any other purpose.
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b.
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To
fail to place and/or hold any equipment, stock and any movables and/or
other objects whatsoever in the courtyard and/or on the balconies of the
rented premises and/or the building and/or in any other area outside the
rented premises and to refrain from the use of any part of the building,
aside from the rented premises, for any objective whatsoever, except for
the use to access the rented
premises.
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Notwithstanding
the aforesaid, the Lessee may place on the balconies of the rented premises
garden furniture of the type to be authorized by the Lessor in advance and in
writing.
It is
hereby clarified that save for the kitchenette for the use of the Lessee and
employees thereof, which is not to serve for the purposes of cooking, baking or
frying and which shall be implemented in the rented premises subject to the
Lessor’s authorization of the plans of the Lessee in connection with the
installation of a kitchenette, and pursuant to the provisions of this agreement,
the Lessee may not install in the rented premises dining rooms, kitchens,
kitchenettes, etc., unless it receives authorization for this in advance and in
writing from the Lessor and, if it receives authorization as aforesaid, it may
act solely in accordance with conditions to be determined, if determined, in the
authorization, as aforesaid.
Notwithstanding
the aforesaid herein in this section, if any movables whatsoever of the Lessee
shall be found on the terraces and/or outside the rented premises and the Lessee
fails to remove such following the first request of the Lessor, then the Lessor
may but is not obligated to remove such movables from the building and/or the
area at the Lessee’s expense without there being any liability for the Lessor to
pay for such. The Lessor shall not act as aforesaid, save if it gave 24 hours
warning thereof to the Lessee in advance and in writing.
The
failure to exercise the rights of the Lessor as above shall not constitute any
consent on its part to holding the movables as aforesaid on the terraces and/or
outside the rented premises, and it shall not grant the Lessee any additional
right to continue to hold the movables there and it shall not preclude the
Lessor from undertaking any procedure whereto it is entitled by law and/or
pursuant to the conditions of this agreement.
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c.
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To
refrain from causing any nuisance, disturbance and unpleasantness to any
other persons found in or visiting the area wherein the rented premises
are located, to neighbors and/or the surroundings as well as to maintain
the cleanliness of the rented premises and environs
thereof.
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The
Lessee hereby undertakes to refrain from introducing to the sewage network and
to ensure that it fails to cause the introduction thereto of unsuitable spills,
pursuant to the provisions of the Ministry of Health on the
subject.
A Lessee
who produces a quantity of refuse and/or garbage in a regular and ongoing
manner, which is unusual in the Lessor’s opinion, the Lessor shall be entitled
to impose on the Lessee the exceptional expenses of the removal of the refuse of
the same Lessee from the building wherein the rented premises are
located.
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d.
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To
fulfill all laws, regulations and bylaws applying and/or those that shall
apply during the tenancy period to the rented premises, the use thereof
and the business, works and activities to be performed therein by the
Lessee and to be liable vis-à-vis the government and municipal
institutions and authorities for the payment of all fines thereof, as a
result of the failure to fulfill the provisions of this section
herein.
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e.
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To
use for the purpose of access to the rented premises solely the access
routes marked and/or arranged in the building as they shall be from time
to time, to park vehicles and transport vehicles in the places intended
therefor and to refrain from the use of any motorized vehicles or other
vehicle likely to damage the access routes and parking surfaces and to
observe the instructions to be issued by the Lessor and/or anyone on
behalf thereof from time to time in connection with the access
arrangements and parking within the confines of the
lot.
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f.
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To
pay in full and on time all payments it owes to the Lessor and/or the
competent authorities on the dates stated for the settlement
thereof.
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g.
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To
enable the Lessor and/or a representative thereof to visit the rented
premises at any reasonable time and insofar as possible following advance
coordination and inspect the state and use being made thereof in order to
assess the degree of fulfillment of the provisions of this agreement
and/or to take the actions and means determined herein in this agreement
or in any law, which require entry to the rented premises, including
herein the following:
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(1)
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To
perform within the confines of the rented premises the repairs necessary
for the requirements of the building or any part
thereof.
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(2)
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To
perform construction and/or demolition, which the Lessor is entitled to
perform pursuant to this agreement. To the extent possible according to
the sole discretion of the Lessor, the Lessee shall be given the
possibility to perform such acts of its own accord within 7 days of the
date of the Lessor’s request and, in accordance with the provisions and
authorization of the Lessor in advance and in writing, including with
respect to the manner of performance of the activities and the identity of
the entity performing the
activities.
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(3)
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To
show the rented premises to potential buyers and/or
tenants.
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(4)
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If
some of the building’s systems are located in the rented premises and
access thereto is through the rented premises, the Lessee shall allow the
Lessor access to the same systems at any time for the purpose of the
inspection and repair thereof. In an emergency, insofar as there is no one
present in the rented premises and/or the rented premises are locked and
there is a need to enter the rented premises due to an emergency
situation, the Lessor and/or anyone on behalf thereof shall telephone the
Lessee’s operations center, telephone no. (▇▇) ▇▇▇-▇▇▇▇ (the Shion
Company). In the event that the aforesaid telephone number of the Lessee’s
center changes, the Lessee shall inform the Lessor of the new number
forthwith and in writing. If the Lessor has telephoned the Lessee’s
center, it shall inform the person who answers the phone that he shall
dispatch a representative of the Lessee hastily since there is an
emergency situation and an urgent need to enter the rented premises. In
the event there is no reply at the number, as aforesaid, for any reason
and/or in the event that a representative of the Lessee fails to arrive
within the time the Lessor or anyone on behalf thereof requires, from time
to time, according to the circumstances of the matter, the Lessor and/or
anyone on behalf thereof may break into the rented premises without delay.
The Lessee agrees and declares that any damages and/or expenses it shall
incur, directly and/or indirectly, in connection with the break-in, as
aforesaid, shall be at the expense thereof and/or the sole liability
thereof and it exempts the Lessor of any liability for any expense and/or
damage it incurs, directly and/or indirectly, in connection with the
break-in, even if it becomes apparent in retrospect that the Lessor could
have avoided breaking in and/or could have broken in another manner and/or
another place, all subject to the fact that the break-in, as aforesaid,
shall be performed in cases where, in the circumstances of the matter, it
was reasonable to assume that this constituted an emergency, which
justified taking steps, as aforesaid, by the Lessor. For the avoidance of
doubt, following the break-in, the Lessor shall not be obligated to place
any security whatsoever at the rented premises subject to the fact that in
the event it received a telephone response, as aforesaid, the Lessor made
certain that a representative of the Lessee is aware of the situation at
the rented premises.
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h.
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To
fulfill the instructions of the Lessor and directives of the competent
authorities connected to the arrangements and procedures of fire
extinguishing and prevention of fires, the Home Front Command, safety and
security, in connection solely with the rented premises and to purchase
and maintain at its expense, pursuant to the abovementioned bodies, all
precautionary and safety equipment necessary to apply and observe the
aforementioned instructions (including firefighting equipment) and to
connect it to the center on that floor, all in connection and in relation
solely to the rented premises, save for public infrastructure and external
walls of the rented premises, which fall under the liability of the Lessor
and with respect whereto the provisions of this sub-section shall not
apply to the Lessee, unless a provision and/or demand, as aforesaid, in
connection therewith ensues from the type and/or manner of
management of the Lessee’s business in the rented
premises.
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i.
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According
to the demand of the Lessor, to demolish and/or alter any addition or
alteration introduced by the Lessee to the rented premises and/or the
building that were constructed not in accordance with the provisions of
this agreement and to restore the state of the rented premises and
building to the former state thereof, all at the Lessee’s
expense.
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j.
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The
Lessee hereby undertakes to refrain from hanging and installing signs
and/or other means of advertisement in the area and/or in any part of the
building. The signage, location thereof, type thereof, size and form
thereof shall be determined by the Lessor, at its sole discretion, and the
Lessor shall install such at the expense of the
Lessee.
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k.
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For
the avoidance of doubt, it is hereby explicitly clarified that the Lessee
may not install air-conditioners in the walls and/or windows of the rented
premises.
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16. Maintenance
and Repairs
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a.
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The
Lessee undertakes to use the rented premises throughout the period of the
tenancy in a reasonable manner and to maintain the rented premises and all
facilities therein or connected thereto in good condition, functional,
clean and orderly.
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b.
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In
return for payment of the aforesaid sums in sub-section d herein below,
the Lessor hereby undertakes to supply the maintenance services specified
in sub-section c herein below, all under the conditions specified
there.
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c.
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Maintenance
services provided by the Lessor shall be of the type, extent and under the
conditions specified herein below:
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(1)
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Maintenance
of the structure, maintenance of the mechanical systems in the public
areas, public plumbing, public sewage, public electricity, maintenance of
elevators, gardening, maintenance of public signage, maintenance and
cleaning of public areas, repair of problems and/or damages caused to
systems of the rented premises as a result of reasonable and ordinary
wear, save for the air-conditioning systems within the rented premises and
the systems installed, added and/or altered in the rented premises by the
Lessee and/or anyone on behalf
thereof.
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(2)
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Air-conditioning
systems, including central cooling services, but not including treatment
and maintenance of the air-conditioning appliances within the rented
premises, on business days and at times that are customary. Heating shall
be installed in the corner units.
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The
Lessor shall supply the Lessee, if such is required, with cooling services also
during the winter season to an extent and under the conditions to be concluded
between them.
For the
avoidance of doubt, it is hereby explicitly clarified that subject to the
undertaking of the Lessor to repair problems solely in the central
air-conditioning system, if there are such, within a reasonable time from the
date of receiving notice of the Lessee of the aforesaid impairment, nothing in
the provisions of this agreement may imposed any liability whatsoever thereon
for the disruptions likely to occur in the operation of the air-conditioning
systems whether due to problems or maintenance activities or due to any other
reason without exception, and the Lessee shall not be entitled to demand and/or
receive from the Lessor any compensation and/or damage fees and/or payment in
respect thereof for any reason whatsoever.
The
Lessee may not touch the air-conditioning systems in the rented premises and/or
deal with them and/or maintain them and/or repair them and/or perform any action
and/or enable others to do so, save for licensed contractors to whom the Lessor
agrees in advance and in writing to their handling of the air-conditioning
system in the rented premises and to do anything of the aforesaid with the
equipment. If the Lessee breaches any of the provisions of this section and as a
result thereof damage is caused to the air-conditioning systems, the Lessee
shall bear the full expenses of the repair of the damage in practice, according
to invoices to be presented to the Lessee together with interest for delay. For
the avoidance of doubt, the Lessee shall bear all costs of the handling and
maintenance of the air-conditioning systems within the rented
premises.
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(3)
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Environmental
protection – to an extent to be determined from time to time by the Lessor
according to its sole and exclusive
discretion.
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(4)
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Insurance
– The relative suitable share of the expenses and insurance fees that the
Lessor shall pay for insurance of the building and systems therein against
loss or damage as a result of the risks of fire, explosion, earthquake,
storm and gale, flood, water damage, strikes, riots and malicious damage,
as well as any additional risk necessary in the Lessor’s opinion. This
insurance shall not include the contents of the rented premises s well as
repairs, alterations and additions to the rented premises made by and/or
for the Lessee.
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The
parties hereby agree explicitly that nothing in the arrangement of insurance, as
aforesaid herein in this section, may derogate from the Lessee’s liability,
whether pursuant to this agreement or according to law, and nothing therein may
impose any liability whatsoever on the Lessor with respect to loss and/or damage
to the building.
(Herein
below: “Maintenance
Services”)
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d.
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In
return for maintenance services the Lessee shall pay the Lessor, in
addition to the rent specified in section 10 above and in addition to the
payments specified in section 12 above, the sum of $2.50 a month for each
square meter of the rented premises (gross), save in respect of the
Machinery Area and the Gallery Area (hereinafter: “the Maintenance
Fees”).
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Maintenance
fees shall be translated into shekels on the date of signature of this agreement
and shall constitute the base for the payment of maintenance fees (“the
principle”), and shall be paid to the Lessor while linked to the Index. For the
avoidance of doubt, it is clarified that the linkage differentials shall be
calculated in accordance with the known index on the date of any payment in
practice of maintenance fees, as opposed to the basic index.
The
Lessee shall pay the Lessor maintenance fees in advance for every 3 months of
the tenancy period, as specified in section 11 above.
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e.
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Together
with the payment of the maintenance fees, the Lessee shall pay the Lessor
the VAT that applies to such payments against a duly issued tax invoice.
The date of settling the VAT shall be the date of payment thereof to the
VAT authorities pursuant to law, which is to say the 15th
day of the second month of each quarter of the tenancy
period.
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f.
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For
the avoidance of doubt, the parties agree that the Lessor as aforesaid
shall not be deemed “the guardian” of the rented premises and/or the
contents thereof, regarding the provisions of the Watchmen Law,
5727-1967.
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g.
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The
Lessee undertakes to inform the Lessor, as the case may be, forthwith with
no delay, of any loss, impairment, or damage caused to the rented premises
or to any part thereof.
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h.
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Without
derogating from the aforesaid, the Lessee undertakes to repair at its own
expense any fault or impairment wherefore the Lessee is liable pursuant to
section 17A herein below at the latest within seven (7) days of the date
of the occurrence thereof.
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i.
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In
the event the Lessee fails to fulfill in full an undertaking pursuant to
sub-sections a to h above, the Lessor of its own accord
may perform (but is not obligated to do so) the maintenance and
repairs that apply to the Lessee, subsequent to having given 7 days’
warning in advance and in writing to the Lessee. The Lessee shall
reimburse the Lessor for all expenses that it expended for this purpose
within 7 days of receiving its first demand and against the presentation
of documentary proof with respect to payment of the actual expenses.
Nothing in the aforesaid herein in this section may derogate from the
Lessee’s duty to perform the repairs of the rented
premises.
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17. Insurance
and Liability
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A.
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In
the relations between the parties and without derogating from the
liability of the Lessee pursuant to any law, the Lessee shall be solely
liable for any damage caused to any person and/or body and/or property
during and as a result of the performance of the works in the rented
premises by the Lessee and/or anyone on behalf thereof, save for damages
in respect of the performance of the initial adaptation works to be
performed by the Lessor, pursuant to the provisions of this agreement and,
as well, the Lessee shall be liable for any damage caused to any person,
body or property in connection with the possession and/or use thereof
and/or anyone on behalf thereof, including the guests thereof in the
rented premises. The Lessee undertakes to indemnify the Lessor in respect
of any damage proved or monetary expense caused thereto, as a result of
any claim or demand to be addressed vis-à-vis the Lessor, in connection
with the incidents within the confines of the Lessee’s
liability.
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The
parties hereby agree that the Lessee shall indemnify the Lessor, as aforesaid
herein in this section above, on condition that the Lessor notified the Lessee
forthwith upon receiving the claim or demand, enabled the Lessee to participate
in the defense and did not reach a settlement without the authorization of the
Lessee. It is clarified that the Lessee shall bear any expenses, including
lawyers’ fees that the Lessor bears in connection with all the aforesaid,
against the presentation of suitable invoices to the Lessee. In any event, the
Lessee shall be liable to restore the rented premises to the former state
thereof as on the date of delivery, including the initial adaptation works, as
defined above, and subject to reasonable wear.
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B.
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(1)
Prior
to the date of delivery as defined in section 6 (d) above, and without
derogating from the generality of the aforesaid in section A above and
from the Lessee’s undertakings pursuant to this agreement and pursuant to
the provisions of any law and in addition thereto, the Lessee undertakes
to purchase at its expense and maintain in effect throughout the entire
tenancy period the insurance policies specified herein below with an
extent of coverage as defined alongside them, as
follows:
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a.
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Employers’
Liability Insurance – Insurance of the Lessee’s liability vis-à-vis the
employees thereof in respect of any personal injury to any employee during
and as a result of the employment thereof, with a customary liability
limit at the time of the arrangement of the
insurance.
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b.
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Third
Party Liability Insurance – Insurance of the Lessee’s liability vis-à-vis
the Lessor and any third party whatsoever in an amount that shall not be
less than a shekel sum equivalent to $1,000,000. The policy shall include
a “cross liability” section. The policy shall be extended to indemnify the
Lessor in respect of the liability thereof for acts and/or omissions of
the Lessee.
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c.
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Property
Insurance – Insurance of the contents of the rented premises including
improvements and investments made therein of any kind and type whatsoever,
to the full value thereof against all risks customary including fire,
explosion, earthquake, storms, gales, floods, water damage, airplanes,
collisions, strikes, riots, malicious damages, burglary and broken
glass.
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The
parties hereby agree that the Lessee may refrain from arranging the insurance
against broken glass as aforesaid in sub-section c herein provided that the
exemption in section 17 (b)(2)(1) herein below shall apply as if broken glass
insurance had been arranged.
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d.
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Consequential
Damage Insurance – Consequential damage insurance for a period no less
than 12 months as a result of loss or damage to the property of the
Lessee, the rented remises and the building from risks as specified in
section 17B (1)(c) above. The parties hereby agree that the Lessee may
refrain from the arrangement of the insurance as aforesaid herein in this
sub-section (d) provided that the exemption in section 17 (b)(2)(1) herein
below shall apply, as if such insurance had been
arranged.
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e.
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In
the event and insofar as the Lessee shall perform any works whatsoever in
the rented premises, subsequent to the completion of all the initial
adaptation works, as aforesaid in section 5 herein in this agreement – the
insurance of the works performed by the Lessee and/or on behalf thereof in
the rented premises as well as “third party liability insurance” at the
time of the performance of the works with a liability limit that shall be
no less than the sum of $500,000 and employers’ liability insurance with a
liability limit customary at the time of the arrangement of the insurance.
Third party liability insurance shall be extended to include a
cross-liability section as well as indemnity of the Lessor in respect of
the liability thereof as the owner and/or manager of the rented
premises.
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f.
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(1)
Without
derogating from the Lessee’s liability pursuant to this agreement or
according to any law, the Lessee declares that it shall arrange and
fulfill, at its expense, whether of its own accord or by way of
contractors on behalf thereof, commencing on the date of the beginning of
the performance period of the adaptation works in the rented premises
(hereinafter in this section: “the Works”), with a licensed
reputable insurance company, a Works Insurance policy as specified herein
below (hereinafter: “Works Insurance”), throughout the entire period of
the works, in its name, in the contractor’s name, the sub-contractors, in
the Lessor’s name, the management company and the name of those coming by
virtue thereof, against loss, damage or liability connected to or ensuing
from the performance of the works. Works insurance shall include the
following insurance chapters specified herein
below:
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Chapter
(1) – Property Damage
All Risks
Insurance insures against the physical and unanticipated loss or damage that
shall be caused to the works during the period of insurance. The chapter
comprises explicit expansion with respect to coverage of proximate property and
property being worked on with a liability limit in the amount of at least
$50,000. The insurance shall include a section with respect to the waiver of the
right of subrogation in favor of the Lessor, the management company and anyone
acting on behalf thereof as well as vis-à-vis other rights holders in the
building wherein the rented premises are located (who have a similar waiver in
favor of the Lessee in the insurance of the property thereof), provided that the
waiver, as aforesaid, shall not apply in favor of a person who caused damage
maliciously.
Chapter
(2) – Third Party Liability
Liability
insurance vis-à-vis third parties in respect of bodily injury or damage to
property caused during the period of the works, with a liability limit of
$1,000,000 per incident for the insurance period.
Coverage
shall include explicitly also a section on cross-liability. The chapter as
aforesaid shall not include any limit on the matter of the following
topics:
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a.
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Subrogation
claims of the National Insurance Institute in respect of employees of
contractors and sub-contractors employed on the site of the
Works.
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b.
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Personal
injury ensuing from the use of mechanical engineering equipment, which is
a motorized vehicle, and there is no duty to insure it with compulsory
insurance.
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c.
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Liability
for damage caused as a result of earthquakes and the weakening of an
abutment with a liability limit in the amount of $250,000 per
incident.
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Chapter
(3) – Employers Liability
Liability
insurance vis-à-vis employees performing the works in respect of personal injury
or illness caused to any one of them within the confines of the performance of
the works during the period of performance, while performing and as a result of
the performance of the works, with a liability limit of $5,000,000 for the
Plaintiff per incident and period of insurance. The insurance shall not include
any limit with respect to contractors, sub-contractors and employees thereof,
works performed at heights and in depth, lures and poisons, as well as with
respect to the employment of youth.
Extent of
insurance coverage in contractors’ works insurance shall be no less than the
conditions known as “Bit 2005” conditions or a
policy similar thereto at the time the insurance is arranged.
(2) Works
insurance shall include an explicit condition to the effect that the insurer may
not revoke it and/or restrict the extent thereof unless the insurer delivered
notice to the Lessor by way of registered mail of its intent to do so at least
30 days in advance.
(3) For
the avoidance of doubt, the Lessee and/or anyone on behalf thereof shall bear
the sums of the deductible stated in the insurance policies. These sums may be
set off by the Lessor from any amount owing to the Lessee pursuant to this
agreement.
(4) The
policies shall include a provision to the effect that solely the Lessee and/or
anyone on behalf thereof alone shall be liable for the payment of the
premium.
(5) The
policies shall include a provision to the effect that they constitute primary
policies for each policy that was separately taken out by an individual of the
individuals of the insured party.
(6) The
Lessee undertakes to present to the Lessor, no later than the date of
commencement of the performance of the works authorization of the arrangement of
insurance by the insurer thereof and/or the insurer of the contractor on behalf
of the Lessee of the performance of works insurance, in accordance with the
authorization of the arrangement of insurance attached hereto to this agreement
as Appendix
F1, and constituting an integral part thereof (hereinafter:
“Authorization of the Arrangement of Insurance”). The parties hereby agree
explicitly that the arrangement of the insurances, as aforesaid, the
presentation thereof and/or the amendment thereof fail to constitute
authorization with respect to the suitability thereof and shall not impose any
liability whatsoever on the Lessor and/or the management company and shall not
restrict the liability of the Lessee pursuant to this agreement or pursuant to
any law.
(7) The
Lessee, in its name and in the name of the contractor/s on behalf thereof,
hereby exempts the Lessor, the management company and those on behalf thereof as
well as other rights holders in the building wherein the rented premises are
located (who have agreements that grant them rights in the building wherein the
rented premises are located, which include a similar exemption in favor of the
Lessee) from any liability for any loss or damage whatsoever to property of the
Lessee and/or anyone on behalf thereof, provided that the exemption, as
aforesaid, shall not apply in favor of an individual who caused damage
maliciously.
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(2)
|
The
following provisions shall apply to policies, as aforesaid in section
17B(1) above:
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|
|
a.
|
The
Lessee shall perform the aforesaid insurances with a recognized and duly
licensed insurance company, shall update the sums of the insurance, shall
strictly fulfill all provisions of the policies and shall pay the premiums
on time.
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|
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b.
|
The
Lessee shall ensure that the insurer waives the right of subrogation
against the Lessor, other tenants and other possessors of property, the
managers and employees thereof and anyone on behalf thereof, while all
that pertains to the other tenants and possessors, as aforesaid herein in
this sub-section b, shall be subject to the fulfillment of a similar
section in the agreements signed therewith. This sub-section shall not
apply in favor of anyone who has caused damage
maliciously.
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|
|
c.
|
At
the Lessor’s request, the Lessee shall present to the Lessor all insurance
policies issued thereto in accordance with this section 17 or the
insurance authorization for the rented premises, attached hereto as
Appendix F to this agreement, signed by the insurer. In addition, the
Lessee shall present to the Lessor and at the request thereof any
amendment or revision to the policy and at the reasonable request of the
Lessor, the Lessee shall be obligated to add and/or update and/or amend
the insurance policies to the satisfaction of the Lessor so that they
fulfill the criteria set forth herein in this section
17.
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|
|
d.
|
The
Lessee undertakes to use the funds received from the insurance company in
accordance with the policies solely to rectify forthwith the damages
and/or policies. Nothing in the aforesaid may limit and/or derogate from
the Lessor’s right to exercise the rights thereof pursuant to the
policies. The policy shall include a provision that the Lessor and the
insurance company undertake to act pursuant to this
section.
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|
|
e.
|
The
Lessee’s insurances shall be defined as primary insurance and shall
include an explicit condition to the effect that they take precedence over
any other insurance the Lessor has
arranged.
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This
insurance entitles the Lessor to full indemnity owing pursuant to the conditions
thereof without the Lessor’s insurers demanding participation in coverage of the
damage or liability connected to the tenancy agreement. Likewise, the policies
shall include a provision to the effect that they shall not be restricted or
revoked unless written notice by way of registered mail shall be delivered to
the Lessor 30 days in advance.
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f.
|
The
Lessee declares that it shall have no contention or demand or claim
against the Lessor, the services company or other tenants in the building
in respect of any damage whereto it is entitled to indemnity in respect
thereof, according to the insurances that it undertook to arrange pursuant
to this section or was entitled to had it not been for the deductible for
damages stated in the same insurances, and it hereby exempts the Lessor
and other tenants and other possessors in the building from any liability
for damage as aforesaid.
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Nothing
in the arrangement of the aforesaid insurances by the Lessee may restrict or
derogate in any manner whatsoever from the undertakings of the Lessee in
accordance with this agreement or release it from the duty to compensate the
Lessor and/or any other person whatsoever in respect of any damage caused
directly or indirectly in connection with the property wherefore it is liable in
respect thereof and/or as a result of the activity thereof and/or from the
Lessee’s use of the rented premises and/or as a result of the non-fulfillment of
the provisions of this agreement by the Lessee and/or as a result of the
performance of works in the rented premises by the Lessee. Payment of any
insurance benefits whatsoever to the Lessor shall serve solely to be deducted
from the amount of indemnity and/or compensation whereto the Lessor is entitled,
as the case may be, in respect of the damage or loss.
The
contents of this section shall add to and not derogate from any other provision
herein in this agreement with respect to the exemption from liability vis-à-vis
the Lessor and with respect to the imposition of liability on the
Lessee.
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g.
|
The
Lessee undertakes to fulfill the conditions of the policy, to pay the
insurance fees in full and on time, to ensure and make certain that the
insurance policies for the rented premises shall be renewed from time to
time, as required and shall remain valid throughout the entire period of
the tenancy.
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|
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h.
|
If
the Lessee fails to fulfill the undertaking thereof according to this
section 17 herein in its entirety, the Lessor shall be entitled, but not
obligated, to arrange the insurances or part thereof in place of the
Lessee and at the expense thereof and to pay in place of the Lessee any
amount, without derogating from the Lessor’s right to any other relief. In
such instance, the Lessor shall be entitled to the refund of the expenses
thereof in this context together with interest for delay as specified in
section 2 above.
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|
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i.
|
Without
derogating from the generality of the aforesaid in section a above, the
Lessee shall be liable for any claim wherefore the Lessor is likely to be
obligated as a result of the Lessor’s breach or failure to fulfill the
provisions of any law or license or competent authority or as a result of
the breach of an undertaking of the Lessee pursuant to this agreement, and
the Lessee shall indemnify the Lessor in respect of any expense or damage
whatsoever, if there are such, in connection
therewith.
|
The
parties hereby clarify and agree that the Lessee is solely liable and shall
indemnify and compensate the Lessor forthwith upon its first demand in respect
of any damage and/or expense the Lessor incurs, directly or indirectly,
including as a result of a claim or complaint from any third party whatsoever in
connection with the use and/or handling by the Lessee of chemical and/or
biochemical and/or other materials including but not solely the storage thereof,
the spill thereof, the drainage thereof including the leaking thereof, for any
reason whatsoever, emission of gases of any kind and for any reason from the
rented premises and/or from any apparatus and/or system in the rented premises,
and including the animals and/or animal house held in the rented premises, if
such is held. Indemnity by the Lessee of the Lessor as aforesaid herein in this
sub-section shall be against the presentation of documentary proof and/or
suitable invoices to the Lessee.
Notwithstanding
the aforesaid in any other place, the Lessor shall not be liable in any case for
any damage, expense, loss or impairment caused, directly or indirectly, to any
person and/or body in connection with the equipment and/or materials and/or
animals and/or animal house whereof the Lessee makes use in the rented premises,
including all byproducts thereof, as well as, but not solely, the transport
thereof, storage thereof, evacuation thereof or emptying thereof. And the Lessee
hereby declares that it agrees to be solely liable and indemnify the Lessor
forthwith upon its first demand in respect of any expense or damage in
connection therewith.
|
|
d.
|
If
possible, all the insurances shall indicate therein that following each
payment of compensation by the insurer, the limits of liability shall
automatically be restored to their former state. The Lessee shall be
liable to pay the additional premium resulting
therefrom.
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|
18.
|
Transfer
and Endorsement of Rights
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|
|
a.
|
The
Lessee shall not be entitled to transfer the rights in the rented premises
and rights pursuant to the agreement or to permit any use whatsoever of
the rented premises or any part thereof to anyone else, whether for
proceeds or not for proceeds, directly or indirectly, without obtaining
the permission of the Lessor to do so, in advance and in writing. The
Lessor shall refuse to give the consent thereof solely on reasonable
grounds.
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|
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b.
|
The
Lessor may sell and transfer to another the rights thereof in the lot
and/or the building or any of the units thereof, including the rented
premises and/or the rights pursuant to the agreement or to encumber them
or mortgage them without the need for the prior consent of the Lessee,
provided that the Lessee’s rights pursuant to the provisions of the
agreement and/or according to any law shall not be infringed. The Lessor
shall inform the Lessee insofar as it shall sell the rights thereof in the
rented premises to another.
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|
|
c.
|
Without
derogating from the aforesaid, the Lessor may transfer, assign, endorse
and mortgage in favor of another all the rights thereof to the rent,
subject of the agreement, and the Lessee shall act pursuant to and in
accordance with the written provisions with which the Lessor provides him
on this matter, provided that the rights of the Lessee according to the
provisions of the agreement and/or according to any law shall not be
infringed.
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|
|
d.
|
The
Lessee undertakes to inform the Lessor of any change in ownership of the
Lessee, within 7 days of the occurrence of such
change.
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|
|
e.
|
The
parties agree that the Lessee may transfer part of the rights thereof in
the rented premises, pursuant to this agreement, to a sub-tenant, subject
to the cumulative fulfillment of the conditions following herein below:
(1) the sub-tenant is a factory in the high-tech industry; (2) the Lessee
shall obtain the consent of the Lessor to the identity of the sub-tenant,
in advance and in writing, and the parties agree that the Lessor shall
only refuse the preference of the Lessee on reasonable grounds; and (3)
the Lessee shall remain solely liable for the fulfillment of all
conditions and undertakings pursuant to this agreement vis-à-vis the
Lessor, including but not solely all payments (of any kind), the objective
of the rented premises, the use of the rented premises, the maintenance
and evacuation of the rented premises, with respect to the entirety of the
rented premises.
|
19. Fundamental
Sections and Advance Agreed Compensation
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|
a.
|
The
parties hereby agree that the provisions of sections 6(a), 6(e1), 8(a), 9,
10, 11, 12(a), 13, 14, 15(a)(b)(h), 16(c)(d)(e), 17, 18(a), 21 and 22 are
principal and fundamental sections of this agreement as the term is
defined pursuant to the Contracts (Reliefs Due to Breach of Contract) Law
5731-1970. The breach of these sections or any one of them shall be deemed
a fundamental breach as this term is defined pursuant to the Contracts
(Reliefs Due to Breach of Contract) Law
5731-1970.
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|
|
b.
|
The
breach of the provisions of sections 9, 10, 11, 12(a), 14, 16(c)(d)(e), 17
and 21 of this agreement that failed to be rectified even subsequent to
the provision of a warning of 7 days in writing to the Lessee shall grant
the Lessor, in addition to all reliefs and remedies granted thereto, the
right to agreed compensation estimated in advance in the amount of the
rent and maintenance fees in respect of the rented premises for 4 months
of rent, with the addition of VAT, as it may be from time to time
(hereinafter: “the Agreed Compensation”). The agreed compensation shall be
linked to an index from the basic index to an index to be known at the
time of actual payment. The parties hereby declare that the amount of
agreed compensation is effective and reasonable and has been determined by
them in accordance with damages they anticipate in the event of a
fundamental breach of the
agreement.
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|
|
c.
|
Without
derogating from the undertakings of the Lessee pursuant to this agreement,
the parties hereby agree that a delay by the Lessee in the payment of rent
and/or any other payment imposed thereon, pursuant to this agreement, that
exceeds 3 business days shall bear interest for delay, as defined herein
in this agreement, which shall apply commencing on the first day of the
delay in payment, all in addition to and without derogating from any other
reliefs and remedies granted to the Lessor pursuant to this agreement
and/or pursuant to any law.
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|
|
d.
|
For
the avoidance of doubt, the parties agree that a delay in payment of the
rent, management fees and/or any other payment, which the Lessee is
obligated to pay to the Lessor, pursuant to the provisions of this
agreement that fails to exceed 3 business days shall not be deemed a
breach of this agreement and shall not entitle the Lessor to any relief of
any kind and type whatsoever.
|
20. Revocation
of the Tenancy and the Agreement
The
Lessee hereby agrees and undertakes that notwithstanding the provisions of this
agreement with respect to the period of the tenancy, the Lessor may – but is not
obligated to – revoke this agreement and evacuate the Lessee from the rented
premises by a one-sided notice of 14 days in advance and in writing, provided
that the Lessee is given an opportunity of 14 days to rectify the breach in each
of the following cases specified herein below:
|
|
a.
|
If
the Lessee breached and/or failed to fulfill on time one of the conditions
and/or undertakings, pursuant to the fundamental
sections.
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|
|
b.
|
If
a receiver and/or a liquidator (including a provisional one) is appointed
for the Lessee and/or the property thereof, all or in part, and/or the
business thereof, and the appointment is not revoked within 45 days and/or
if the Lessee is declared bankrupt, all as the case may
be.
|
21. Evacuation
of the Rented Premises
|
|
a.
|
The
Lessee hereby undertakes to evacuate the rented premises on termination of
the tenancy period or on the lawful revocation of this agreement, all
according to whichever is the earlier and according to the matter and to
return the rented premises to the exclusive possession of the Lessor in
the same state it was in as on the date of delivery, including the initial
adaptation works, as it is clean and freshly painted with Tambour
Supercryl paint (in the same shade as when it received the rented
premises) and subject to reasonable and accepted
wear.
|
|
|
b.
|
In
addition and without derogating from the reliefs and remedies duly granted
to the Lessor pursuant to the provisions of this agreement and/or the
provisions of law, the Lessee hereby undertakes that if it fails to
evacuate the rented premises as aforesaid in section a above, the Lessee
shall pay the Lessor for each day of delay agreed usage fees, agreed and
estimated in advance, in the amount of double (twice) the rent owing to
the Lessor in respect of each day. This sum shall be linked to an index of
the known index on the date whereon the Lessee was required to vacate the
rented premises, pursuant to section a above, and until the index that
shall be known on the date of actual
payment.
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|
|
c.
|
On
the evacuation of the rented premises, the Lessee may take with it all
movable equipment it introduced into the rented premises at its expense,
which may be dismantled, including the equipment specified in Appendix
C, which shall be evaluated and attached to this agreement with the
advance agreement of the parties in writing, if and insofar as it shall be
attached, and unless it is agreed otherwise, the permanent systems the
Lessee introduced to the rented premises at its expense, which may be
dismantled (together hereinafter: “the Equipment”), provided that the
Lessee shall repair at its expense all that requires repair as a result of
the aforesaid dismantling activities in order to restore the rented
premises to the former state at the time of the delivery, as aforesaid in
section a above. The repairs shall be performed prior to the termination
of the tenancy period or the revocation thereof, pursuant to this
agreement, and in accordance with the directives of an engineer on behalf
of the Lessor and, in any event, without damaging the structure thereof
and/or systems therein and/or the ongoing activities of the tenants of the
building. If the Lessee fails to dismantle the equipment or any part
thereof as aforesaid, the Lessor shall have the right and option to
dismantle them and remove them or, alternatively, to take possession
thereof without any duty of paying indemnity and/or compensation and/or
refund and/or making any payment whatsoever applying thereto. If the
Lessor demanded the evacuation of the equipment within 7 days of the
termination of the tenancy period or the revocation thereof and the Lessee
fails to evacuate the premises, then in order to pay proper usage fees as
determined in sub-section b above, the Lessee shall be deemed as one who
has failed to vacate the rented premises as long as the Lessee fails to
dismantle and remove the equipment from the rented premises and fails to
adapt the rented premises to the former state thereof as on the date of
delivery.
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22. Securities
To ensure
the fulfillment of the Lessee’s undertakings pursuant to this agreement, the
Lessee shall deposit with the Lessor at the time of the signature of this
agreement and as a condition for receiving possession of the rented premises the
following securities:
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|
a.
|
An
automatic unconditional bank guarantee, which may be paid off according to
first demand and without giving reasons in a shekel amount equivalent to
___________________________ U.S. dollars (the value of the rent and
management fees with the addition of VAT in respect of a period of 6 (six)
months of rent) (hereinafter: “the Guarantee” or “the Security”) with the
text as specified in Appendix
G and subject to the conditions specified herein above and below.
The guarantee shall be unconditional and not given to endorsement and may
be forfeited in full or by installments at any time. The guarantee shall
be linked to the representative rate of the U.S. dollar, as specified in
the text of the guarantee attached hereto as Appendix G. The validity of
the guarantee shall be commencing from the date of the signature of this
agreement, throughout the entire period of the tenancy with the addition
of 3 more months and the validity thereof shall be renewed periodically, a
month before the date whereon the validity thereof is intended to expire
until the conclusion of the additional tenancy period, with the addition
of 3 months following the termination of the additional tenancy period.
The guarantee shall be duly stamped. All expenses involved in issuing the
guarantee shall apply solely to the Lessee. In the event that the
guarantee is duly forfeited pursuant to this agreement, the Lessee
undertakes to deposit forthwith, following the forfeiture as aforesaid, an
additional guarantee with the text and the conditions as stated
above.
|
|
|
b.
|
Without
derogating from the remaining provisions of this agreement, the Lessor may
utilize the security, all or in part, as it opts to do, as
follows:
|
|
|
(1)
|
In
the event that the rented premises fail to be evacuated at the required
time, the Lessor may utilize the security in full or in part and in such
manner that the funds to be paid shall be deemed, inter alia, as agreed
compensation, estimated in advance, as determined herein in this
agreement.
|
|
|
(2)
|
In
the event of the failure to make a payment that applies pursuant to this
agreement to the Lessee, the Lessor shall be entitled to utilize the
security in the amount of the sum of the payment required and together
with linkage differentials, fines, interest for delay and all other
expenses of the Lessor.
|
In the
event that the failure to make a payment constitutes a fundamental breach of the
agreement, the Lessor may utilize the security in the amount of the sum required
or in the amount of agreed compensation pursuant to this agreement, according to
whichever is the higher between them.
|
|
(3)
|
In
the event of damage to or loss of the rented premises and/or the contents
thereof that apply pursuant to this agreement to the Lessee, the Lessor
shall be entitled to utilize the security in the amount of the sum
required for the repair thereof, together with 15% handling fees. “Repair”
shall have the meaning: including
replacement.
|
|
|
(4)
|
In
order to cover the damages and expenses thereof, in the event of a
fundamental breach of the
agreement.
|
|
|
(5)
|
In
order to cover the damages and expenses thereof in the event of a breach,
which is not a fundamental breach, if such fails to be rectified within 7
days of the date whereon the Lessor gave written warning
thereof.
|
|
|
c.
|
Notwithstanding
the aforesaid in this section 22, it is hereby clarified that the Lessor
may not utilize the guarantee and/or any other security pursuant to this
agreement unless subsequent to the delivery of notice thereof of 7 days in
advance and in writing to the Lessee, during which time the Lessee failed
to rectify the breach contended by the
Lessor.
|
|
|
d.
|
The
provision of a security according to this section fails to constitute a
waiver on the part of the Lessor of the right thereof to other reliefs
against the Lessee, whether the reliefs are explicitly stated in the body
of the agreement or whether such are reliefs available to the Lessor by
virtue of any law.
|
|
|
e.
|
The
guarantee shall be returned to the Lessee up to three months following
termination of the tenancy period or following the presentation of all
documentary proof with respect to the performance of all payments pursuant
to this agreement by the Lessee – whichever is the earlier of the two
dates aforesaid.
|
23. Proprietor’s
Custom – Lessor’s Seizure of the Rented Premises
Without
derogating from the validity of the aforesaid herein in this agreement and in
addition to all reliefs and remedies granted to the Lessor pursuant to this
agreement and/or according to any law, the parties hereby agree as
follows:
|
|
a.
|
On
termination of the tenancy period and/or in any case of the expiration or
revocation of this agreement, all according to whichever is the earlier,
the Lessor may act with respect to the rented premises or in any part
thereof as is customary for
proprietors.
|
|
|
b.
|
If
the Lessee fails to evacuate the rented premises on termination of the
tenancy period and/or on the expiration thereof and/or on the revocation
of this agreement, all according to whichever is the earlier, the Lessee
shall be deemed as a trespasser of the Lessor’s property in the rented
premises and in any part thereof, commencing on the date whereon the
Lessee was required to vacate the rented premises, as aforesaid, until the
actual evacuation thereof. In such event, as aforesaid, the Lessor,
subsequent to giving advance written warning of two business days, may and
is entitled to preclude the Lessee or anyone of the units thereof and/or
any person on behalf thereof from entering the rented premises and making
use of the rented premises or any part thereof. For this purpose, the
Lessor is entitled to and may, inter alia, use
reasonable force, replace the locks of the rented premises, disconnect
and/or instruct that the electricity, water, telephone, gas and
air-conditioning be disconnected and preclude the Lessee’s access and
entrance, including to the building, and all subject to any
law.
|
24. Cancelled
25. Miscellaneous
|
|
a.
|
The
titles in this agreement were added solely for the convenience of reading
and use and fail to instruct with respect to the contents and construal of
the agreement.
|
|
|
b.
|
The
appendices attached hereto to this agreement constitute an integral part
thereof.
|
|
|
c.
|
If
a party to the agreement, subsequent to providing written early warning of
7 days to the other party, pays any amount whatsoever, the duty of payment
whereof applies to the other party effective by the provisions of any law
or valid by the provisions of this agreement, the party that is obligated
for the payment shall reimburse the paying party with the amount it paid
together with interest for delay from the date of payment by the paying
party until the date of the actual reimbursement by the party owing the
sum, against the presentation of documentary proof and/or duly issued tax
invoices with respect to the performance of the payment in practice by the
paying party.
|
|
|
d.
|
The
parties choose the city Tel Aviv-Jaffa as the place of exclusive
jurisdiction for the purposes of the provisions of this
agreement.
|
|
|
e.
|
Any
alteration or amendment to or waiver in the agreement or in any condition
of the conditions thereof shall be made in writing and signed by the
parties.
|
|
|
f.
|
The
Lessor’s consent to any divergence from the conditions of the agreement
shall not serve as a precedent and/or shall not constitute any waiver and
no analogy shall be learned therefrom to any other
instance.
|
|
|
g.
|
The
Lessee hereby declares that it has been explicitly informed that Adv. ▇▇▇▇
▇▇▇▇▇ and/or Adv. ▇▇▇▇ ▇▇▇▇▇▇ and/or Adv. Amit Wengerovitz and/or Adv.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and/or Adv. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ represent solely the Lessor
in the agreement and the transaction, subject of this agreement and the
Lessee may be represented by another
attorney.
|
|
|
h.
|
The
costs of the stamps for this agreement shall be paid by the party
requesting that the agreement have
stamps.
|
|
|
i.
|
The
addresses of the parties for the objectives of the agreement are as
aforesaid in the Preamble and any notices that are to be delivered
according to the agreement or in connection thereto shall be in writing
and shall be delivered by hand or by way of registered mail, according to
these addresses. Notwithstanding the aforesaid, following the signature of
this agreement the Lessee’s address shall be the address of the rented
premises. If a notice is sent by registered mail, it shall be deemed to
have reached the knowledge and domain of the party being addressed within
72 hours of the time it was dispatched
thereto.
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|
|
j.
|
This
agreement exhausts and faithfully reflects all that has been agreed by the
parties. No representation and/or undertaking that have not found
expression herein in this agreement shall have any validity. Any
representation and/or agreement and/or undertaking that preceded this
agreement are hereby null and void.
|
|
|
k.
|
Notwithstanding
all the aforesaid in any other place herein in this agreement, in any
event, the Lessor and/or the management company shall not be liable,
pursuant to this agreement, for indirect damages and/or resultant damages,
save for damages, as aforesaid, that were caused maliciously by the Lessor
directly.
|
In witness whereof we have
signed:
|
(-)
|
||
|
|
/s/
▇▇▇▇ ▇▇▇▇▇▇▇
|
|
|
▇▇▇▇▇-Pharma
Ltd.
|
Lessee
|
|
|
STAMP:
|
||
|
Bioline
Innovations Jerusalem
|
||
|
Limited
Partnership
|
||
|
By
Its General Partner
|
||
|
Bioline
Innovations Jerusalem
Ltd.
|
I, the
undersigned, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, attorney for the Lessee, Bioline Innovations
Jerusalem Limited Partnership, hereby authorize that ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ Illegible
and Rami Illegible
have signed this agreement in the name of the Lessee and they are approved
signatories to sign this agreement and the signatures thereof on the agreement
obligate the Lessee for all intents and purposes.
|
(-)
|
|
|
|
|
|
Attorney
|
|
|
STAMP:
|
|
|
▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, Adv.
|
|
|
License
No. 19903
|
List of
Appendices
|
1.
|
Appendix
A:
|
Sketch
of the rented premises and additional areas
|
|
2.
|
Appendix
B:
|
Schedules
|
|
3.
|
Appendix
B1:
|
Initial
adaptation specification works
|
|
3.
|
Appendix
C:
|
Equipment
that the Lessee may take with it on termination Of the tenancy
period
|
|
4.
|
Appendix
D:
|
Sketch
of the parking spaces
|
|
5.
|
Appendix
E:
|
Formula
for the calculation of air-conditioning electricity consumption in the
rented premises
|
|
6.
|
▇▇▇▇▇▇▇▇
▇▇:
|
Formula
for the calculation of expenses in respect of particularly high-powered
air-conditioning for the Old Wing Area
|
|
6.
|
Appendix
F:
|
Authorization
of insurance for the rented premises
|
|
7.
|
Appendix
F1:
|
Authorization
of insurance of the works
|
|
8.
|
Appendix
G:
|
Text
of the bank guarantee
|