Lease Dated August 31, 2004 - Between Zone4Play Israel, Ltd and Atidim Ltd
--------------------------------------------------------------------------
The Lease, Type, Term & Purpose
-------------------------------
The leased property- 622 square meter in Atidim Park, Bldg 2, 2nd floor
The lease term - 60 months
Purpose of the lease will be software house or any similar activity.
Tenant Protection Act - is not applicable
Preparation work, Adjustments & Delivery of Possession
------------------------------------------------------
Performance of adjustment work will be started on September 5, 2004.
Delivery of possession - 14 Nov. 2004
Rent & Method of Payment
------------------------
Basic rent - $7 per sq. meter ($ 4,354 per month) plus applicable VAT
Rent shall be increased by 5% annually
Payment of rent monies - on a quarterly basis, and will be adjusted to the
consumer index which was published on August 15, 2004.
Additional Payments by leasee (tenant)
--------------------------------------
In addition to the rent payments the tenant will pay the following payments:
1. Municipal Taxes
2. Water & Electricity
3. Generator & Public water and power insurance
4. Tenant partial, proportional payment of public expenses
All payments will include applicable VAT.
Obligations of the Leasee
-------------------------
The tenant is obligate to keep the premises clean.
Changes in the leased property will be made only with Atidim approval.
Responsibility & Insurance
--------------------------
The tenant will be responsible for any damage that will be caused by the
premises situation Upon preparation work - the tenant will have to have
insurance with coverage of third party of no less $500,000 per event.
The tenant insurance will have to cover of third party of no less $500,000 per
event and Employer insurance coverage of no less $5,000,000 per event
Maintenance & Air Conditioning
------------------------------
Atidim shall be obligated to provide
1. Maintenance services
2. Air conditioning services
3. Prohibitions
4. Energy saving system
The maintenance services' consideration will be - $1.11per square meter ($691
per month)
Air conditioning services' considerations - $1.89 per square meter ($1,175 per
month)
The payments will be paid in advance once a month and will be adjusted to the
consumer index price as of August 15, 2004.
All payments will include applicable VAT.
Securities
----------
The company will pay a deposit of $10,000 including applicable VAT.
Half of the deposit will be paid upon signing of the agreement, and the rest
will be paid in 3 installments.
Eviction of the Leased Property
-------------------------------
Return of possession to Atidim will be made after 60 months.
If the tenant will not evacuate the premises, there will be an agreed
compensation - $0.06 per sq. meter per day
Signed by Zone4Play - /s/ Xxxxxx Xxxxxx
Signed by Atidim - /s/ Elka Ilani
