Notwithstanding the aforesaid, in the event of an insurance incident which is covered under sections 1.17.1 - 1.17.2 above, under circumstances for which Lessee is liable under this Agreement and/or by law, Lessee will bear the amount of the damage and/or the loss caused up to the deductible applicable according to the aforementioned policies.

 

 

Lessee will arrange and maintain contract work insurance in the name of Lessee, contractors, subcontractors, Lessor and the management company, which includes the insurance chapters detailed below including all extensions stated in the policy, including an extended maintenance term of 24 months (hereinafter: "maintenance period"), with the scope of said coverage not inferior to "BIT" wording valid at the time the insurance was arranged:

 

 

 

Liability limit: NIS__________________ per incident and cumulatively according to the chapter(*).

 

The aforementioned chapter is expanded to include the following topics:

 

A. Subrogation claims of the National Insurance Institute.

B. Bodily injuries resulting from the use of mechanical engineering equipment which is a motorized vehicle with regards to which no mandatory insurance requirement applies.

C. Liability due to damage caused following earthquakes and weakening of foundations, within a liability limit of NIS 1,000,000 NIS per incident.

(*) The limit of liability will be an amount equal to NIS 8,000 times the area of the leasehold in sqm, but said amount shall not be less than NIS 400,000 and will not exceed NIS 4,000,000 per incident and cumulatively according to the chapter.

 

 

The above policy takes precedence over any insurance arranged by Lessor and/or by the management company and the insurer waives any claim and/or demand regarding the sharing of Lessor's and/or the management company's insurance. Failure of Lessee and/or anyone on its behalf to comply with the policy's terms and conditions in good faith, will not detract from the rights of Lessor and/or the rights of the management company to indemnification under the policy. The aforementioned policy may not be revoked nor adversely changed during the insurance period unless a written notice is delivered to Lessor and the management company by registered mail at least 60 days in advance. Lessee alone is responsible for paying the insurance premiums for the aforementioned policy and bears the deductibles applicable according to the aforementioned policy. Gross negligence exception is revoked, but said revocation shall not detract from insurer’s rights and Lessee’s obligations under the Insurance Contract Law, 5741-1981.

 

 

Lessee will arrange and maintain insurance policies as detailed below, with the scope of said coverage not inferior to "BIT" wording valid at the time the insurance is arranged:

 

 

Insures the contents of the leasehold, its windows, glass partitions and doors, and any other property brought to the leasehold and/or to the building by or on behalf of Lessee (including equipment, furniture, fixtures and supplies), and any change, improvement and addition to the leasehold executed or to be executed by Lessee or on its behalf, in their full value, against loss or damage due to acceptable risks in extended fire insurance, including fire, smoke, lightning, explosion, earthquake, storm and gale, flood, liquid damage and burst pipes, broken glass , damage by vehicles, damage by aircraft, riots, strikes, malicious damage and burglary. The policy includes a clause according to which the insurer waives the right of subrogation towards Lessor, towards the building’s management company [if such exists, (hereinafter: "Management company")] and towards anyone on their behalf, as well as towards other lessees, tenants and other rights holders in the building (other lessees, tenants and other rights holders shall be hereinafter collectively referred to: “other rights holders”) where in the property insurance of the other rights holders, a corresponding clause is included concerning the waiver of the right of subrogation towards Lessee or in an agreement granting the other rights holders rights in the building, an exemption from liability is included in favor of Lessee for loss or damage caused to the property of the other rights holders due to common risks associated with extended fire insurance; However, the aforementioned waiver shall not apply in favor of a person who caused damage maliciously.

 

 

Insuring Lessee's liability by law for bodily injury or damage to property that may be caused to the body or property of any person or entity in the leasehold, in the building or in its surroundings, within limits of liability as specified below. The policy is not subject to a restriction regarding liability arising from fire, explosion, panic, lifting, unloading and loading devices, defective sanitary facilities, poisoning, anything harmful in food or drink, strike and shutdown, liability for and towards contractors, subcontractors (of any level) and their employees, animals, as well as turnover claims from the National Insurance Institute. The policy is extended to indemnify Lessor and the management company in respect of their liability as the owner and managers of the leasehold, as well as for liability that may be imposed on any of them due to an act or omission of Lessee or anyone on its behalf, subject to a cross-liability clause according to which the insurance is deemed as having been arranged separately for each individual insured. A liability limit amounting to: NIS __________________ per incident and cumulatively according to the policy(*).

 

{*) The limit of liability will be an amount equal to NIS 14,000 times the area of the leasehold in sqm, but no less than NIS 1,000,000 and no more than NIS 20,000,000 per incident and cumulatively according to the policy.

 

 

Insures Lessee's liability to its employees for bodily injury or occupational illness that may be caused to any of them during and as a result of their work in the leasehold, in the building and its surroundings, with a liability limit of NIS 20,000,000 per claimant, per incident and cumulatively according to the policy. The policy does not include a restriction regarding work at height and depth, working hours, baits and poisons as well as regarding the employment of minors. The policy is extended to indemnify Lessor and the management company, upon the alleged occurrence of a work accident or occupational illness of any kind, and in the event of a claim relating to Lessor’s liability as employer to any of Lessee's employees. Also, the policy includes a clause regarding the waiver of the right of subrogation towards Lessor, towards the management company and towards anyone on their behalf; However, the aforementioned waiver shall not apply in favor of a person who caused the insurance incident maliciously.

 

 

Insurer Lessee’s gross profit loss due to loss or damage caused to the insured property according to Section 1 above or to the leasehold or to the building structure, as a result of one of the risks specified in Section 1 above, and this for an indemnity period of 24 months. The policy includes a clause according to which the insurer waives the right of subrogation towards the management company and towards anyone on its behalf, as well as towards the other rights holders, who, in their consequential loss insurance, a corresponding clause is included regarding the waiver of right of subrogation towards Lessee or an exemption from liability is included in an agreement granting the other rights holders rights in the building, in favor of Lessee for consequential loss to the other rights holders due to common risks in extended fire insurance, however, the aforementioned waiver shall not apply in favor of a person who caused the damage maliciously.

 

 

The aforementioned policies precede any insurance taken out by Lessor and/or by the management company and the insurer waives any claim and/or demand regarding the sharing of Lessor's insurances and/or the management company's insurances. Failure of Lessee and/or anyone on its behalf, to comply with the terms and conditions of the policies, in good faith, shall not detract from Lessor's rights and/or the rights of the management company to receive indemnification under the policies. The aforementioned policies may not be revoked nor adversely changed during the insurance period unless a written notice is delivered to Lessor and the management company by registered mail at least 60 days in advance. Lessee alone is responsible for paying the insurance premiums for the aforementioned policies and bears the deductibles applicable according to the aforementioned policy. Gross negligence exception is revoked, but said revocation shall not detract from insurer’s rights and Lessee’s obligations under the Insurance Contract Law, 5741-1981.

 

                            

*By approval of General Insurance, these fields can be marked as invalid.

 

 

                      

 *By approval of General Insurance, these fields can be marked as invalid.

WHEREAS

an Unprotected Lease Contract was signed between Lessor and Lessee on 28.2.2018, with all its appendices and attachments (hereinafter: "original lease contract"), as extended and/or modified periodically (the original lease contract together with the additions thereto, including this Addendum, with all their appendices and attachments, shall be hereinafter referred to collectively: "Lease Contract"); and

WHEREAS

by virtue of the Lease Agreement, Lessee leases from Lessor an area of 866 square meters gross located on the second floor of the building known as "Beit Tavor" (hereinafter: "area on second floor" and "building", respectively), an area of 1,688 square meters gross located on the third floor of the building (hereinafter: "area on third floor"), as well as 41 parking spaces (hereinafter: "parking spaces"), all in the complex known as "Ofer Shaar Yokneam" in the city of Yokneam (hereinafter: "complex"), (the area on the second floor, the area on the third floor and the parking spaces shall be referred to collectively as the "existing leasehold" or "existing leasehold area", as applicable); and

WHEREAS

Lessee approached Lessor requesting to lease the additional leasehold, as defined below, in its present condition ("AS IS"), in addition to the existing leasehold, as defined above; and

WHEREAS

Lessor acceded to Lessee's request as stated, and all in accordance with and subject to the provisions of the Lease Contract and the terms of this addendum as set forth below;

1.1.

The preamble to this Addendum and its appendices constitutes an integral part thereof and are binding as the rest of its terms.

1.2.

The section headings are for orientation and convenience purposes only and may not be used for interpretation of this Addendum.

1.3.

All terms and expressions contained in this Addendum shall have the meaning ascribed thereto in the Lease Contract, unless expressly stated otherwise.

1.5.

No previous drafts of this Addendum shall not be considered in the interpretation of the Lease Contract and/or this Addendum or any stipulation thereof. Such drafts shall not be admissible in any judicial or quasi-judicial proceeding.

2.1.

Lessee declares that it is aware that at the date of signing this Addendum, the additional area is not vacant and is occupied by an existing lessee with regards to whom the lease period has not ended (hereinafter: "current lessee"). It is hereby agreed that the actual evacuation of the current lessee from the additional area by 30/04/2023, constitutes a condition precedent for delivery of possession of the additional area (above and below: "condition precedent" and "date for fulfillment of condition precedent, respectively).

2.2.

It is agreed that insofar as the current lessee does not vacate the additional area of any person and object by the date of fulfillment of the condition precedent, for any reason whatsoever, the deadline for fulfillment of the condition precedent shall be postponed of its own accord to the date on which the additional area would have been vacated by the actual current lessee, and the other dates specified in this Addendum shall be postponed accordingly as well.

2.3.

Notwithstanding the foregoing, it is agreed that insofar as the postponement of the condition precedent date shall exceed 60 (sixty) days, for any reason whatsoever, each party shall be entitled (but not obligated) to notify the other of the revocation of this Addendum and all its provisions, as if it had never been signed (hereinafter: "revocation notice"). If the revocation notice is delivered, the parties will be released from all their obligations under this Addendum and the parties will not have and hereby waive any claim and/or demand and/or lawsuit in connection with the postponement of the deadline for the fulfillment of the condition precedent and/or in connection with the revocation of this Addendum.

3.1.

Subject to the fulfillment of the conditions set forth in this Addendum below, and to the fulfillment of the condition precedent at its designated date, as specified in Section 2 above, as of 1.5.2023 or at a later date under the circumstances as stated in Section 2.2 above (hereinafter: "Effective date"), an additional gross area of 757 square meters will be added to the existing leasehold area, on the third floor of the building in the complex, all as delimited and marked in the blueprint attached as Appendix A to this Addendum (hereinafter: "Additional area"), as well as 22 (twenty-two) parking spaces on the roof of the building and 5 (five) parking spaces in the parking lot around the building (hereinafter collectively: Additional parking spaces ").

3.2.

As of the effective date, the Additional Leasehold shall be added to the existing Leasehold, will be deemed part of the Leasehold and all the provisions of the Lease Contract shall apply thereto for all intents and purposes, so that in reference in the Lease Contract to "the Leasehold area" and/or "the Leasehold", shall mean the existing Leasehold area along with the additional area and the existing Leasehold together with the additional leasehold, as applicable, except with regards to issues where there is another explicit arrangement included in this Addendum.

3.3.

It is clarified, for the avoidance of doubt, that Lessee leases the additional area solely for the purpose of expanding the existing Leasehold area and for the purpose of the Lease, as set forth in the Lease Contract.

3.4.

The additional leasehold will be delivered to Lessee in its condition AS IS, and its delivery as stated shall constitute confirmation from Lessee that the additional leasehold was delivered to it in accordance with the provisions of the Lease Contract and to its absolute satisfaction and that it does not and will not have any suits and/or claims and/or demands in this regard towards Lessor and/or anyone acting on its behalf.

4.1.

It is hereby clarified that as of the effective date, Lessee shall perform at its sole responsibility and expense all the works required for connecting and adding the additional area to the existing Leasehold area and adapting the additional area to its purposes and needs, all as approved by Lessor and/or anyone acting on its behalf, in advance and in writing (above and below: "Lessee's works").

4.2.

Lessee undertakes that Lessee's works, as defined in Section 4.1 above, will be executed and completed in accordance with the provisions of the Lease Contract and the instructions given to Lessee by Lessor and/or anyone acting on its behalf, and all this until no later than 31.5.2023 (hereinafter: "Date of completion of Lessee's works"), without Lessor bearing any responsibility and/or liability whatsoever regarding the aforesaid and/or the execution of Lessee's works as stated.

6.1.1.

As of the effective date and up to 31.12.2024, Lessee undertakes to pay Lessor for the additional area, monthly rent of NIS 56 (fifty-six NIS) per gross square meter in the additional area, plus linkage differentials to the CPI (General Index) published on 15.11.2022 or near such date, for the month of October 2022 (hereinafter: "Basic Index"), plus VAT by law.

6.1.2.

From 1.1.2025 to 31.12.2027, Lessee undertakes to pay Lessor for the additional area, monthly rent of NIS 58 (fifty-eight new shekels), per gross square meter in the additional area, plus linkage differentials to the basic index, plus VAT by law.

6.1.3.

It is clarified that the monthly rent for the additional area shall be paid in a manner and on the dates set in respect of the existing Leasehold, as specified in the Lease Contract.

6.2.1.

As of the effective date and up to 31.12.2024, Lessee undertakes to pay Lessor for the additional area, monthly management fees amounting to NIS 12.1 (twelve new shekels and ten agorot) per gross square meter of the additional area, plus linkage differentials to the base index, plus VAT by law.

6.2.2.

From 1.1.2025 to 31.12.2027, Lessee undertakes to pay Lessor for the additional area, monthly management fees amounting to NIS 14 (fourteen new shekels) per gross square meter of the additional area, plus linkage differentials to the base index, plus VAT by law.

6.3.1.

Without derogating from the provisions of the management agreement, it is agreed that during the Lease term in the additional leasehold, Lessee shall pay Lessor depreciation fund fees amounting to NIS 1.2 (one new shekel and twenty agorot) per gross square meter in the additional area, with said amount linked to the base index, plus VAT by law.

6.4.1.

During the Lease term in the additional leasehold, Lessee undertakes to pay Lessor in respect of Lessee’s relative share in the insurance premium payment expenses paid to the insurance company by Lessor, monthly insurance premiums amounting to NIS 0.5 (fifty agorot) per gross square meter in the additional area, plus linkage differentials to the basic index, plus VAT by law.

6.4.2.

Lessee shall have no claim and/or suit and/or demand against Lessor and/or the management company and/or anyone acting on their behalf with regard to the insurance premiums (including whether the amount is fixed or whether it be calculated according to another mechanism set forth in the management agreement and/or in the Lease Contract).

6.6.

For the avoidance of doubt, it is clarified that all other debts and payments applicable to Lessee under the Lease Contract, including - but not limited to - municipal taxes, electricity consumption, water and any payment to any third party, shall apply, as of the effective date, also to the additional leasehold.

7.1.1.

Notwithstanding the provisions of the Lease Contract, it is clarified and agreed that to ensure the fulfillment of Lessee's obligations and liabilities under this Addendum, Lessee shall provide Lessor at the time of signing this Addendum, a bank guarantee, in the form attached as Appendix B to this Addendum, for an amount equal to the rent for the additional area, the management fees for the additional area and the parking fees for the additional parking spaces, payable by Lessee for 3 (three) months rent in relation to the additional leasehold, with this amount linked to the base index, plus VAT by law, in addition to the existing bank guarantees provided to Lessor by Lessee in accordance with the provisions of the Lease Contract (hereinafter: "additional bank guarantee").

7.1.2.

It is clarified and agreed that all the provisions of the Lease Contract in connection with the bank guarantee will also apply to the additional bank guarantee.

7.1.3.

The additional bank guarantee will be valid for the duration of the Lease in the additional leasehold, and all under the responsibility of Lessee and at its expense and to ensure all of Lessee’s obligations and liabilities under the Lease Contract (including this Addendum).

7.1.4.

Without derogating from the aforesaid, all the collateral deposited with Lessor in accordance with the provisions of the Lease Contract, shall serve Lessor and/or the management company and/or anyone on their behalf, also to ensure the full and accurate fulfillment of all of Lessee’s obligations and liabilities under this Addendum.

7.2.1.

Lessee undertakes that the letter of authorization to debit an account provided to Lessor according to the provisions of the Lease Contract, will also be used for collecting the payments applicable to Lessee in respect of the additional leasehold during the entire Lease term in the additional leasehold, in accordance with the provisions of this Addendum.

7.3.1.

Lessee undertakes that the insurances it undertook to prepare under the Lease Contract, will be extended to further apply to the additional leasehold, in a manner that will remain valid and fully covered during the entire Lease term of the additional leasehold.

7.3.2.

Lessee will present to Lessor the insurance certificates as required in the Lease Contract (including this Addendum) no later than the date of signing this Addendum). It is clarified that failure to furnish insurance certificates does not exempt Lessee from its insurance liability, which is specified in the insurance sections and appendices of the Lease Contract.

7.3.3.

If, in the opinion of Lessor, there is a need to prepare additional and/or supplementary insurances for the additional Leasehold, Lessee undertakes to prepare such insurances at Lessor’s request.

8.1.

Notwithstanding the provisions of Section 21.4 of the original Lease Contract, it is agreed that Lessor will perform maintenance/treatment works at its expense in the existing air conditioning system, in all areas of the Leasehold, and for the duration of the Lease in the additional leasehold.

8.2.

Lessor will perform at its expense works related to implementing necessary adjustments to the fresh air system to address any deficiencies in all Leasehold areas.

9.1.

All other provisions of the Lease Contract, insofar as they have not been explicitly amended in this Addendum, will continue to be valid and binding of the parties, including but not limited to, with regards to the additional area, as applicable and mutatis mutandis, if any.

9.2.

Insofar as any term is set out in the Lease Contract, which has granted Lessee any right of exclusivity and/or right of first refusal and/or right of first offer, etc. - then any such term shall be null and void from the date of signing this Addendum.

9.3.

It is clarified that the aforesaid in this Addendum does not impose on Lessor and/or the management company any charge that is not imposed on any of them under the provisions of the Lease Contract and/or by law and that the aforesaid does not derogate from any obligation and/or liability of Lessee under the Lease Contract and/or under any law.

9.4.

It is clarified and agreed by the parties that the aforesaid in this Addendum does not constitute a waiver and/or forgiveness on the part of the Lessor and/or the management company with regards to any claim and/or lawsuit and/or demand of any of the above towards Lessee, including under the Lease Contract and/or under any law.

9.5.

Any breach of any of the provisions of this Addendum shall be deemed a breach of the Lease Contract, for all intents and purposes, and shall grant Lessor all remedies available thereto under the Lease Contract and/or by law, for such breach.

9.6.

In any case of conflict between the provisions of the Lease Contract (without this Addendum) and the provisions of this Addendum, the provisions of this Addendum shall prevail.

9.7.

This Addendum shall enter into force only following the parties’ signing thereof and subject to the fulfillment of the condition precedent by the deadline for its fulfillment.

Lessor		Lessee

Date:

, Adv.

      

1.1.

With regard to obtaining permission to carry out works in the Leasehold and if any works are carried out in the Leasehold by Lessee or on its behalf prior to Lessee‘s occupying of the Leasehold for the first time and/or at any time during the Lease term, Lessee undertakes, prior to the commencement of the works, to arrange and maintain insurance for contract works in the name of Lessee, contractors and subcontractors, Lessor and the management company, under the terms specified in the insurance specification attached to this Agreement and which constitutes an integral part thereof and marked Appendix C1 (hereinafter: "Lessee works insurance specification"), with an insurance company duly licensed in Israel (hereinafter: "Lessee works insurance").

1.2.

Without derogating from Lessee's liability under this Agreement or by law, during the entire Lease term, Lessee undertakes to arrange and maintain, through a duly licensed insurance company in Israel, the insurances specified in the insurance specifications attached to this Agreement and which constitutes an integral part thereof and marked Appendix C2 (respectively, hereinafter: "Lessee's permanent insurance specification" and "Lessee's permanent insurance"); and this with regard to the Leasehold and Lessee's activity therein.

1.3.

Without the need for any demand from Lessor or the management company, Lessee undertakes to furnish Lessor and the management company, no later than the date of commencement of the works in the Leasehold, confirmation of Lessee's works insurance in the form attached to this Agreement and constituting an integral part thereof and marked Appendix C3 (hereinafter: "Lessee's works insurance certificate"), signed by its insurer. Lessee declares that it is aware that the furnishing of its works insurance certificate as stated is a condition precedent and prerequisite for the execution of any works in the Leasehold, and Lessor or the management company shall be entitled (but not obligated) to prevent Lessee from executing works in the Leasehold if said certificate was not furnished prior to the date of commencement of the works.

1.4.

At the request of Lessor or the Management Company, Lessee undertakes to furnish Lessor and the management company, within 5 days from the date of a request, confirmation of Lessee's permanent insurance, in the form attached to this Agreement and constituting an integral part thereof and marked Appendix C4 (hereinafter: "Lessee's permanent insurance certificate") signed by its insurer.

1.5.

It is agreed that Lessee may refrain from arranging consequential loss insurance, in whole or in part, as specified in Section (4) of Lessee's permanent insurance specification and Lessee may also refrain from arranging property insurance covering the risk of a broken glass, as specified in Section (1) of Lessee's permanent insurance specification, but the exemption specified in Section 1.8 below shall apply as if said insurances had been arranged in full.

1.6.

If in Lessee's opinion there is a need to arrange additional or supplementary insurance for Lessee's work insurance specification and/or for Lessee's permanent insurance specification, Lessee undertakes to arrange and maintain such additional or supplementary insurance. Lessee undertakes that in any additional or supplementary property insurance as stated, a clause regarding waiver of the right of subrogation against Lessor, the management company and those on their behalf shall be included, but such waiver shall not apply to a person who caused the damage maliciously. Lessee also undertakes that in any such additional or supplementary liability insurance, the name of the insured will be expanded to include Lessor and the management company, subject to a cross-liability clause, according to which the insurance is deemed to have been arranged separately for each of the insured individuals.

1.7.

Lessee undertakes to update from time to time the insurance amounts in the insurance policies arranged under sections (1) and (4) of Lessee's permanent insurance specification, so that they always reflect the full value of what is insured thereunder.

1.8.

Lessee exempts Lessor, the management company and anyone on their behalf as well as the other lessees, tenants and other rights holders in the building (the other lessees, tenants and other rights holders as stated shall be hereinafter referred to collectively as: "other rights holders"), whose lease agreements or other agreement granting the other rights holders rights in the building, a corresponding exemption is included towards Lessee, from liability for damage for which it is entitled to indemnification according to the insurances arranged pursuant to Section (1) of Lessee's works insurance specification, sections (1) and (4) of Lessee's permanent insurance specification or indemnification it would be entitled to in respect thereof had it not been for the deductibles specified in the policies), however such exemption from liability shall not apply to a person who caused the damage maliciously.

1.9.

At the request of Lessor or the Management Company, Lessee undertakes to furnish Lessor and the management company, the management company, within 5 days from the date of the request, Lessee's permanent insurance certificate extended for an additional insurance term, and so forth for each insurance term and as long as this Agreement is valid.

1.10.

Whenever Lessee's insurer notifies Lessor or the management company that an amendment or cancellation of any of Lessee's insurances is about to take place, Lessee undertakes to re-arrange said insurance and re-furnish a certificate of insurance in place of the amended or canceled insurance as stated, 30 days prior to the date of the amendment or cancellation as stated.

1.11.

For the avoidance of doubt, it is clarified that failure to provide insurance certificates as stated in sections 1.3, 1.4, 1.9 and 1.10 above, shall not prejudice Lessee's obligations under this Agreement, including, without prejudice to the generality of the aforesaid, any payment undertaking applicable to Lessee, and Lessee undertakes to fulfill all its obligations under the Agreement. It is expressly agreed that Lessor or management company shall be entitled (but not obligated) to prevent Lessee from executing works in the Leasehold and/or receiving possession of the Leasehold and/or delivering assets into the Leasehold and/or opening its business in the Leasehold and/or its operations in the Leasehold due to its failure to present the aforementioned certificates.

1.12.

Lessor and/or the management company may examine the insurance certificates provided by Lessee as stated in sections 1.3, 1.4, 1.9 and 1.10 above, and Lessee undertakes to make any changes or amendments required in order to adapt them to Lessee’s obligations as stated in this Agreement. Lessee declares that the right of inspection of Lessor or the Management Company in relation to the insurance certificates and their right to require amendments as specified above, does not impose on Lessor or the management company or anyone acting on their behalf any obligation and any liability whatsoever in connection with the aforesaid insurance certificates, the nature, scope and validity of the insurances arranged according to the aforesaid certificates or regarding their absence, and does not derogate from any liability imposed on Lessee under this Agreement or by law.

1.13.

Lessee undertakes to comply with the terms of the insurance policies arranged by it, to pay the insurance premiums in full and on time, and to ensure that Lessee's permanent insurance is renewed from time to time as necessary and in force for the duration of the Lease.

1.14.

For the avoidance of doubt, it is hereby agreed that the scope of the insurance coverage, including the limits of liability required by the provisions of the insurance specifications, are a minimal requirement imposed on Lessee. Lessee declares and confirms that it will be prevented from raising any claim and/or demand against Lessor or towards the management company or anyone on their behalf, with regards to the scope of the insurance coverage, including the limits of liability as stated.

1.15.

Lessee declares that it is aware that Lessor or the management company do not undertake to maintain security and other security measures in the building or Leasehold and if they do so, this does not reflect an undertaking or liability towards Lessee. It is further explicitly agreed that Lessor and the management company will not be subject to the provisions of the Custodian Law, 5727-1967, and its appendices.

1.16.

It is clarified that the insurance certificates attached to this Agreement, which Lessee is obligated to furnish, are signed by its insurer, worded in a concise format only as required of the insurance companies according to the provisions of the Commissioner of Capital Markets, Insurance and Savings, and where the furnishing of such certificates does not derogate from Lessee's obligation to comply with all of the provisions of the above insurance sections and arrange insurance coverage in accordance with the provisions of the insurance specifications as stated, and for such purpose, Lessee, if necessary with the help of insurance people on its behalf, must study and fully implement said requirements which should also be brought to the attention of Lessee's insurer. It is also clarified that insofar as there are changes in the guidelines of the Commissioner of Capital Market, Insurance and Savings as stated, Lessor will be entitled to replace the insurance certificates attached to this Agreement with alternative insurance certificates.

1.17.

Lessor undertakes to arrange and maintain, whether itself or through the management company, for the duration of the Agreement, the insurances listed below in this section with duly licensed insurance company in Israel.

1.17.1.

Insurance of the parts of the building owned by Lessor (including the Leasehold structure), against loss or damage due to risks accepted in extended fire insurance, including fire, smoke, lightning, explosion, earthquake, storm and gale, flood, fluid damage and pipe rupture, damage by vehicles, damage by aircraft, riots, strikes, malicious damage as well as burglary damage. Such insurance coverage shall include a clause regarding waiver of subrogation right towards Lessee, however such waiver shall not apply to a person who caused the damage maliciously. For the avoidance of doubt, it is expressly agreed that such insurance shall not include any contents and/or addition, improvement or extension made by and/or on behalf of and/or for Lessee and/or other rights holders and shall not include windshields, windows, glass partitions and glass doors, the insurance liability of which is imposed on Lessee as stated in Section (1) of Lessee's permanent insurance specification.

1.17.2.

Consequential loss insurance that insures loss of rent and loss of management fees (if any) due to damage caused to parts of the building owned by Lessor (including the Leasehold structure) due to the risks specified in Section 1.17.1 above (excluding burglary), and this for an indemnity period of 24 months. Such insurance coverage shall include a clause regarding waiver of subrogation right towards Lessee, however such waiver shall not apply to a person who caused the damage maliciously.

1.18.

It is agreed that Lessor may, at its sole discretion, arrange additional insurances to those specified in Section 1.17 above. It is hereby expressly agreed that the arranging of the insurances specified in Section 1.17 above or the additional insurance as aforesaid, will in no way add to the responsibility of Lessor or the management company beyond what is set forth in this Agreement or derogate from Lessee liability under the Agreement or by law (except as explicitly stated at the end of Section 1.19 below).

1.19.

Lessor exempts Lessee, on its behalf and on behalf of the management company, from liability in respect of damage for which any of them are entitled to indemnification according to the insurances arranged pursuant to sections 1.17.1 and 1.17.2 above (or would have been entitled to indemnification for it had it not been for the deductibles specified in the policies), however said exemption from liability shall not apply to a person who caused the damage maliciously.

1.

Chapter 1 - Insurance that insures the works, to their full value (including materials provided by Lessor or by the management company) against loss or damage caused during the insurance period and during the maintenance period concerning the fulfillment of maintenance works obligations (hereinafter: "maintenance works") or the discovery of damage to the works during the maintenance period due to a reason related to the insurance term. For the avoidance of doubt, this chapter includes a clause regarding waiver of the right of subrogation towards Lessor, the management company and anyone on their behalf, as well as towards other lessees tenants and other rights holders in the building (the other lessees, tenants and other rights holders as stated shall be hereinafter referred to collectively as: "other rights holders"), whose property insurance includes a parallel clause regarding waiver of the right of subrogation towards Lessee or where an agreement granting the other rights holders as aforesaid rights in the building includes an exemption from liability in favor of Lessee for loss or damage caused to the property of the other rights holders due to acceptable risks in the insurance of contractual works or the extended fire insurance policy, however such waiver shall not apply to a person who caused the damage maliciously. The chapter also includes an explicit extension regarding coverage of adjacent property and property worked on within liability limits of NIS (*).

2.

Chapter 2 - liability insurance towards a third party, insuring liability under law for bodily injury or property damage of any person or entity in connection with the works executed during the insurance period as well as such injury to body or damage to property during the maintenance period, in connection with maintenance works or for a reason that is rooted in the insurance period, within a liability limit as detailed below. The aforesaid chapter includes a cross-liability clause, according to which the insurance is deemed to have been arranged separately for each of the insured individuals. For works whose value exceeds NIS 5,000,000, Lessee shall provide Lessor with a reference from the works insurer indicating that Lessor's property including the Leasehold structure is deemed third party property except for damage caused to the property covered in Chapter 1 and excluding damage to property that is an integral part of the works.

Scope of works	Chapter A - Expansion for adjacent property/ property being worked on	Limit of Liability Chapter B
Up to 500,000	₪ 350,000	₪ 1,000,000
500,000-1,000,000	₪ 500,000	₪ 2,000,000
1,000,000-2,500,000	₪ 600,000	₪ 4,000,000
2,500,000-5,000,000	₪ 800,000	₪ 6,000,000
Over 5,000,000	₪ 1,000,000	₪ 10,000,000

Certificates of insurance - Insurance of contractor’s work/ work under construction				Date of Certificate issuance (DD/MM/YYYY)
This insurance certificate is in reference to the insured holding a valid insurance policy, in accordance with the information specified therein. The information specified in this certificate does not include all the terms of the policy and its exclusions. However, in the event of a conflict between the terms specified in this Certificate and the terms set forth in the insurance policy, what is stated in the insurance policy shall prevail, except in cases where a term in this Certificate benefits the Applicant.
Main Applicant	Additional entities related to the Applicant and deemed as Applicant	Insured/Insurance Candidate	Address of the insured property Address of execution of the works*	Status of Applicant*
Name:	Subsidiaries and/or companies Related and/or partnerships and/or management company	Name:	Leased	□          Execution Contractor □          Subcontractors □          Lessee □          Other: Lessor / Owner of the property where the works shall be carried out.
Shaar Yokneam - Limited Partnership and/or Commercial Centers (Ezo-Rit) Ltd. and/or Melisron Ltd. and/or parent companies and/or subsidiaries		..................	at ___________
		and/or Contractors and subcontractors of any rank and type
ID/Pvt. Co./Partnership No.: 550014666 520037789 510758329		ID/Pvt. Co.:
Address: 1 Abba Eban St., Herzliya		Address:

Covers
Policy chapters are divided according to limits of liability or insurance amounts or extensions	Policy No.	Policy version and edition	Start date	End date	Limit of liability for insureds’ entire activity/ Insurance amount/Value of work		Deductible (it is not mandatory to display this data)	Currency	Additional covers in force and revocation of exclusions****
					For the period	per event*
All Risks Contractor’s Works		.... BIT edition....						₪	308-Waiver in           favor of other party   (Other lessees, other tenants, other rights holders subject to reciprocity) 309-Waiver of subrogation 313- Natural damage 314-Burglary Theft and robbery 316-Earthquake 318-Additional Insured 328-Priority 334- Maintenance Period 24 months
Theft and burglary
Property being worked on					(The amount must be completed in accordance with the table set forth in the insurance specifications Lessee‘s Works)
Nearby property					(The amount must be completed in accordance with the table set forth in the insurance specifications Lessee‘s Works)
Property in transfer
Removal of rubble
Third party		.... BIT edition....			(The amount must be completed in accordance with the table set forth in the insurance specifications Lessee‘s Works)			₪	302-Cross Liability 309-Waiver of Subrogation 312-Use of heavy equipment 315- NII claims 318- Additional Insured 328-Priority 340-Tremors and deterioration of support
Employer Liability		.... BIT edition....			20,000,000			₪	309-Waiver of subrogation 318- Additional insured 328-Priority 350-Extension of  Liability towards contractors and subcontractors

Details of the services (subject to the services specified in the agreement between the insured and the Applicant, the service code must be indicated from the closed list set forth in Appendix C as published by the Capital Market, Insurance and Savings Authority. The text displayed next to the code can also be displayed in the closed list)*:

074- Renovations

Revocation/change of policy*

A change to the detriment of Applicant or revocation of an insurance policy will only take effect 60 days following the dispatch of a notice to Applicant regarding the change or revocation.

Signing of Certificate

Insurer:

Insurance Certificate

Date of Certificate issuance (DD/MM/YYYY)

This insurance certificate is in reference to the insured holding a valid insurance policy, in accordance with the information specified therein. The information specified in this certificate does not include all the terms of the policy and its exclusions. However, in the event of a conflict between the terms specified in this Certificate and the terms set forth in the insurance policy, what is stated in the insurance policy shall prevail, except in cases where a term in this Certificate benefits the Applicant.

Main Applicant

Additional entities related to the Applicant and deemed as Applicant

Insured/Insurance Candidate

Nature of the transaction and insured occupation

Status of Applicant

Name: Shaar Yokneam – Limited Partnership and/or Commercial Centers (Ezo-Rit) Ltd. and/or Melisron Ltd. and/or parent companies and/or subsidiaries

Subsidiaries and/or related companies and/or partnerships and/or the management company

Name: ...............

Nature of the transaction: ☒ Real Estate □Services ☐ Products supply ☐ Other:           Insured occupation:

☒ Lessor ☐ Lessee ☐ Franchisee ☐ Subcontractors ☐ Service procurer ☐ Product procurer ☐ Other:

ID/Pvt. Co./Partnership No.: 550014666 520037789 510758329

ID/Pvt. Co.: ...............

Address: 1 Abba Eban St., Herzliya

Address: ...............

Covers

Type of policy Division according to limits of liability or insurance amounts

Policy No.

Policy version and edition

Start date

End date

Limit of liability for insureds’ entire activity/insurance amount

Deductible (it is not mandatory to display this data)

Currency

Additional covers in force and revocation of exclusions****

For the period

per event*

Property

.... BIT edition....

₪

308-Waiver in favor of other entity- (other lessees, other tenants, rights holders, subject to reciprocity) 309-Waiver of Subrogation 313- Natural damage 314-Burglary, theft and robbery 316-Earthquake 328-Priority

Third party

.... BIT edition....

(The amount must be entered in accordance with the table set forth in Lessee's permanent insurance specifications)

302- Cross Liability 304-Expansion of indemnity Contractors and sub-contractors 315- NII claims 321- additional insured in respect of insured-Certificate Applicant’s acts or omissions 322- Applicant defined as third party 328-Priority

Employer Liability

.... BIT edition....

20,000,000

309-Waiver of Subrogation 319- Deemed as the employer of Applicant’s employees 328-Priority

Consequential loss

.... BIT edition....

308-Waiver in favor of other entity- (other lessees, other tenants, rights holders, subject to reciprocity) 309-Waiver of subrogation in favor of Applicant 313- Natural damage 316-Earthquake 328-Priority

Covers
									335- Indemnity standards – 24 months
Details of the services (subject to the services specified in the agreement between the insured and the Applicant, the service code must be indicated from the closed list set forth in Appendix C as published by the Capital Market, Insurance and Savings Authority. The text displayed next to the code can also be displayed in the closed list)*:
096- Rentals and Leases
Revocation/change of policy*
A change to the detriment of Applicant or revocation of an insurance policy will only take effect 60 days following the dispatch of a notice to Applicant regarding the change or revocation.
Signing of Certificate
Insurer:

Description of the service subject of the Contract	Service Code	Description of the service subject of the Contract	Service Code
Security	001	Pharmacy	071
Storage/ warehouses (including bonded warehouses and refrigeration)	002	Vehicle/Garages/Parking/Shuttle	072
Gas and Fuel Supply	003	Complementary medicine	073
Garbage and recycling services	004	Renovations	074
Laboratory tests and samples	005	National Service	075
Clothing/ Textiles/ Fashion	006	Hospitality services, conferences, advanced education, leisure and hoteliery	076
Auditing, accounting and taxation	007	Audit services	077
Slaughterhouse/ Butchers	008	Archive Services	078
Construction - large contract works	009	Religious Services	079
Animals	010	Laboratory/Repair/Installation/Parts Services	080
Control, audit of standards and appraisals	011	Office Services	081
Supervision of educational institutions	012	Management services	082
Mental Health	013	Monitoring services	083
Pool/amusement park and water/ attractions	014	Supervision and control services	084
Retirement homes and dormitories	015	-	085
Collections and Finance	016	Supervision, planning and control services	086
Gardening, pruning and vegetation	017	Cosmetics services	087
Valuables/ Collectibles/ Art	018	Maintenance and operation services	088
Printing, Graphic Design and Arts	019	-	089
Special Requirements/Special Needs	020	Air/maritime services	090
Tutorials/ Courses/ Workshops	021	Services abroad	091
Transportation and distribution	022	Services to the public (including: public bodies, non-profit organizations and community interest company)	092
Concerts/ Cinema/Entertainment Services	023	Legal services	093
Preparation of tenders procedures and guidelines	024	Paramedical services	094
Passenger transportation	025	Medical services	095
Event production/banquet halls	026	Rentals and Leases	096
Ruins/Evacuations	027	Water corporations/wastewater treatment plant	097
Investments and entrepreneurship	028	Maintenance of equipment and electrical and communication networks	098
Installation and upgrading of systems and building attachments	029	Jewelry/ Gems	099
Management Companies	030	Equipment Operations	100
Gym/ Exercise	031	Communications and cellular companies	101
Gyms & Sports	032	Amplification/Lighting Services	102
Hazardous Materials and Chemicals - Waste, Disposal and Transportation	033	Hardware and/or software services	103
Education/Courses/Workshops	034	Marketing, advertising and media services	104
Investigations	035	Tama/Conservation/Maintenance/Construction Contractor	105
Agriculture - flora/fauna	036	Mine/Quarry	106
Flights	037	Shooting Range	107
Consultants/planners	038	Construction services) a domain name must be specified under the item "Insured occupation")	108
Personnel	039	Pest control services	109
Engineer, Architect, Technician	040	Courier services	110
Food/ Catering/Dining Services	041	-	111
Research and surveys	042	-	112
Computing	043	-	113
Information	044	-	114
Mapping	045	-	115

Description of the service subject of the Contract	Service Code	Description of the service subject of the Contract	Service Code
Sale/acquisition/hiring of equipment (under "Insured Occupation", please specify a domain name)	046	-	116
Safety officers and consultants	047	-	117
Elevators - Maintenance/ Service/ Spare Parts	048	-	118
Monitoring and control systems	049	-	119
Fire detection and extinguishing systems	050	-	120
Irrigation and water conduction systems	051	-	121
PV systems	052	-	122
Manufacturing plant (under "Insured Occupation", please specify a domain name)	053	-	123
Real Estate / Investments and Entrepreneurship	054	-	124
Vacation and excursions (including guides)/summer camps/children’s activities	055	-	125
Building Management	056	-	126
Cleaning Services	057	-	127
Weapons & Explosives	058	-	128
Sprinklers	059	-	129
Metalwork	060	-	130
Woodwork	061	-	131
Maintenance and renovation work (electricity/sealing/plumbing)	062	-	132
Plastic	063	-	133
Operations abroad	064	-	134
Lighting and amplification equipment	065	-	135
Photography/Radio/TV Broadcasting	066	-	136
Heavy equipment	067	-	137
Piping and laying water and sewage lines	068	-	138
Civilian Works Contractor (including infrastructures)	069	-	139
Retail (under "Insured Occupation", please specify a domain name)	070	-	140

Additional covers in force	Section code	Additional covers in force	Section code
Loss of documents	301	-	371
Cross-liability (with the exception of Applicant’s professional liability)	302	-	372
Libel, defamation and slander under professional liability coverage	303	-	373
Extension of indemnification for insured acts and omissions/products/works/activities	304	-	374
Third party extension or professional liability or employers' liability (depending on the basic coverage to which the code belongs) - legally held firearm	305	-	375
Third party extension - damage while temporarily abroad	306	-	376
Third Party extension - Liability towards a third party as part of the coverage covered by the policy in respect of contractors and subcontractors	307	-	377
Waiver of subrogation in favor of another entity (the details of the entity must be specified by name and address/Pvt. Co. No./ID number/characteristic group), excluding those who caused the damage maliciously.	308	-	378
Waiver of subrogation in favor of Applicant, excluding those who caused the damage maliciously.	309	-	379
Coverage for distributors under product liability	310	-	380
Consequential loss coverage for Applicant in respect of property damage	311	-	381
Coverage for bodily injury caused by the use of heavy equipment	312	-	382
Natural damage coverage	313	-	383
Theft, burglary and robbery cover	314	-	384
Coverage for NII claims	315	-	385
Earthquake coverage	316	-	386
Additional policyholder - other) The details of the entity must be specified by name and address/ Pvt. Co. No./ID number/characteristic group),	317	-	387
Additional Insured - Applicant	318	-	388
Additional insured - if it is deemed the employer of any of insured's employees	319	-	389
Additional insured in respect of acts or omissions of insured - other (details of the entity must be specified by name and address/ Pvt. Co. No./ID number/characteristic group),	320	-	390
Additional insured for acts or omissions of the insured - Applicant	321	-	391
Applicant defined as third party in this chapter	322	-	392
Beneficiary for insurance benefits - other) specify the beneficiary‘s partciulars)	323	-	393
Beneficiary for insurance benefits - Applicant	324	-	394
Employee misconduct and deceit	325	-	395
Infringement of privacy within the framework of professional liability coverage	326	-	396
Delay/deferment due to insurance event	327	-	397
Priority (The insurer waives any demand or claim by any of Applicant‘s insurers)	328	-	398
The property of the Applicant shall be deemed third party (except for damage caused to the insured property or that could have been insured under the property chapter).	329	-	399
Lien in favor of another entity (specify the particulars of said entity)	330	-	400
Lien in favor of Applicant	331	-	401
Disclosure period (specify number of months)	332	-	402

Limit of liability in coverage in favor of the contract with the Applicant only.	333	-	403
Maintenance period (specify number of months) as part of contractor works policy	334	-	404
Indemnity period (specify number of months)	335	-	405
Revocation of professional liability exclusion under third party insurance (please specify in respect of: bodily injury or property or body and property)	336	-	406
Revocation of product liability exclusion under third party insurance (please specify in respect of: bodily injury or property or body and property)	337	-	407
Extension of coverage based on establishing value under a property policy	338	-	408
Cybersecurity Risk Extension	339	-	409
Extension of tremors and deterioration of support	340	-	410
Extension of indirect damage due to damage to underground facilities and cables	341	-	411
Employer extension - firearms.	342	-	412
Extension of the coverage for damages caused by unloading and/or loading	343	-	413
Extension of coverage for work at height	344	-	414
Extension oof damage due to riots and strikes	345	-	415
Extension of electrical damage to electrical panels, command and transformers	346	-	416
Extension of the name of the insured in the product liability insurance in relation to a defect in the products supplied and/or installed and/or marketed and/or maintained by the insured and/or anyone on its behalf	347	-	417

Revocation of a property exclusion acted directly in third party insurance	348	-	418
Revocation of property exclusion in control, possession and supervision in third party insurance	349	-	419
Extension of liability towards contractors and subcontractors in employers' liability insurance should the Applicant be deemed their employer	350	-	420
-	351	-	421
-	352	-	422
-	353	-	423
-	354	-	424
-	355	-	425
-	356	-	426
-	357	-	427
-	358	-	428
-	359	-	429
-	360	-	430
-	361	-	431
-	362	-	432
-	363	-	433
-	364	-	434
-	365	-	435
-	366	-	436
-	367	-	437
-	368	-	438
-	369	-	439
-	370	-	440