Common use of THE RENT Clause in Contracts

THE RENT. 6.1. For the area of the Leased Premises, in the first year of the Original Term of the Lease the Tenant shall pay monthly rent to the Landlord in the amount of ILS [***] (which include the rent in the amount of ILS [***] and the management fees in the amount of ILS [***]) for each sqm gross and in total, the Tenant shall pay the Landlord for the entire area of the Leased Premises, rent and managements fees in the total amount of ILS [***] before VAT, for each month of rent, excluding parking spaces (the “Rent”). The Rent shall be linked to the ratio between the consumer price index which is known on the date of signing of the original lease agreement that was signed on September 21, 2016 and the index which is known on the date of issuance of every quarterly Rent bxxx during the first lease year that will expire on August 14, 2021 which is 99.2. 6.2. The Rent (including the management fees) as aforesaid shall be paid by the Tenant to the Landlord together with lawful VAT. The aforesaid VAT shall be paid by the Tenant to the Landlord in a postdated check no later than on the date of payment of the VAT to the tax authorities pursuant to the law. 6.3. The Rent starting from the second year of the Original Term of the Lease shall be ILS [***] per sqm which include rent in the amount of ILS [***] per sqm and management fees in the amount of ILS [***] per sqm and shall be linked to the ratio between the consumer price index which will be known on such date (the “New Base Index”) and the index which is known on the date of issuance of each quarterly bxxx for payment (the “New Index”). The base index that will be known on this date is the July 2021 index which will be published on August 15, 2021 and it shall be ____. 6.4. If on the date of issuance of the invoice for payment it transpires that the New Index as defined above is higher than the base index, the Tenant shall pay the Landlord Rent that is increased by the rate at which the New Index shall have risen versus the base index. If the index decreases below the base index, the invoice shall be calculated according to the base index. The Rent shall be paid to the Landlord once every three months in advance at the beginning of each calendar year quarter, in other words, on January 1, April 1, July 1 and October 1 (the “Quarter”). The parties’ undertaking under this section is a material undertaking whose breach shall constitute a fundamental breach of this contract. [Initials] [Initials]

THE RENT. 6.13.1. For The rent for the area of rented property shall be paid according to the Leased Premises, in following key and calculations: 3.1.1 During the first year of lease, the Original Term monthly rent will stand on a total sum of 49 NIS per square meter. 3.1.2 It is agreed that the rent will effectively increase every year at a rate of 2%. It is hereby clarified that the stated in this paragraph shall apply also during every year of the Lease additional renting period, as defined in Appendix B to this agreement, if and as much as the Tenant lessee will make use of its right to extend the renting period by an additional period. (Hereinafter: “the basic rent”). 3.1.3 Linkage differentials shall pay monthly rent be added to the Landlord in rent, while the amount basic index shall be the general index published on 15.2.2008. 3.1.4 Value Added Tax (VAT) at the rate applicable by law shall be added to the rent, including linkage differentials, at the time of ILS [***] (which include the rent in the amount actual payment of ILS [***] and the management fees in the amount of ILS [***]) for each sqm gross and in totalrent. 3.2. In this paragraph, the Tenant following terms shall pay have the Landlord for the entire area of the Leased Premises, rent and managements fees in the total amount of ILS [***] before VAT, for each month of rent, excluding parking spaces (the “Rent”). The Rent shall be linked definitions which appear next to the ratio between them: Index - means the consumer price index index, including fruit and vegetables, which is known published by the Central Bureau of Statistics. If the index’ basis will be changed, or if the method of its calculation and setting will be changed, or if the index will be published by another body instead of the above bureau, the company will make the calculation of the increase of index for the purpose of this paragraph pursuant to the consent of the lessee. Basic index – the index published on 15.2.2008. New Index - the last published index, before the time set in this agreement for any payment of the payments that the lessee undertook to pay as detailed above. Linkage differentials - the difference between the new index and the basic index, divided by the basic index and multiplied by the basic rent. 3.3. The basic rent together with linkage differentials and VAT shall be named hereafter in short “the intake” or “the rent”. The parties agree that the lessor shall be entitled to round off the periodic intake which the lessee must pay the lessor according to this agreement, up to the nearest 1 shekel (NIS). 3.4. The intake shall be paid monthly and in advance, on every 20th of the month before the month for which rent is due, by a standing order, the version of which is attached as Appendix E to this agreement. The lessee will deliver to the lessor a standing order signed by the bank within 7 days from the date of signing this agreement. It is hereby clarified that breach of the original lease agreement that was signed on September 21, 2016 and the index which is known on the date of issuance of every quarterly Rent bxxx during the first lease year that will expire on August 14, 2021 which is 99.2. 6.2. The Rent (including the management fees) as aforesaid this paragraph shall be paid by the Tenant to the Landlord together with lawful VAT. The aforesaid VAT shall be paid by the Tenant to the Landlord in a postdated check no later than on the date of payment of the VAT to the tax authorities pursuant to the law. 6.3. The Rent starting from the second year of the Original Term of the Lease shall be ILS [***] per sqm which include rent in the amount of ILS [***] per sqm and management fees in the amount of ILS [***] per sqm and shall be linked to the ratio between the consumer price index which will be known on such date (the “New Base Index”) and the index which is known on the date of issuance of each quarterly bxxx for payment (the “New Index”). The base index that will be known on this date is the July 2021 index which will be published on August 15, 2021 and it shall be ____. 6.4. If on the date of issuance of the invoice for payment it transpires that the New Index as defined above is higher than the base index, the Tenant shall pay the Landlord Rent that is increased by the rate at which the New Index shall have risen versus the base index. If the index decreases below the base index, the invoice shall be calculated according to the base index. The Rent shall be paid to the Landlord once every three months in advance at the beginning of each calendar year quarter, in other words, on January 1, April 1, July 1 and October 1 (the “Quarter”). The parties’ undertaking under this section is a material undertaking whose breach shall constitute form a fundamental breach of contract for all intents and purposes. 3.5. The lessee hereby declares that it is well aware that it is obligated to pay the full rent for the whole renting period, even if it made use of the rented property only in part of the renting period. This unless one cannot make any use of the rented property for a reason stemming from the lessor only for a period longer than 90 days, and the lessor has not stopped the prevention after it was given a 45 day written warning in this contract. [Initials] [Initials]regard.