Exhibit 10.2
WRITTEN DESCRIPTION OF LEASE AGREEMENT
LEASE AGREEMENT ENTERED BY XXX XXXXXXXX, (HEREINAFTER "LESSOR"), AND BY VB
TRADE, INC. (HEREINAFTER THE "LESSEE"), SUBJECT TO THE FOLLOWING RECITALS AND
CLAUSES:
1.- LESSOR states that:
1.1 It is the owner of the premises at #2 Egoz Street, X.X. Xxx 000, Xxxxxx
Xxxx Xxxx, Xxxxxx, 00000
2.- LESSEE states that:
2.1 It is a company incorporated according to the laws of Nevada by means
of its articles of incorporation dated July 6, 2005.
3.- Both parties state that:
3.1 They agree to submit themselves to the provisions contained in the
following:
C L A U S E S
FIRST.- SUBJECT MATTER OF THE LEASE.- LESSOR leases to LESSEE an area of
approximately 300 square feet located at #2 Egoz Street, X.X. Xxx 000, Xxxxxx
Xxxx Xxxx, Xxxxxx, 00000, to carry out its business.
Likewise, LESSOR grants the access and use to LESSEE to carry out its business,
being at LESSEE's sole cost and expense, without any responsibility for LESSOR.
SECOND.- PRICE OF THE LEASE.- LESSEE is not obliged to pay to LESSOR any money
per month.
THIRD.- TERM OF THE LEASE.- The term of the lease will be INDEFINITE, any party
may terminate the same by giving written notice to the other with 30 days
advance notice. The Lease will be effective as of February 1, 2007.
FOURTH.- LESSEE agrees that all permanent works and improvements carried out in
the leased premises will remain for the benefit of LESSOR.
FIFTH.- LESSEE is obliged to maintain the leased premises and return them at the
conclusion of the lease in good conditions of conservation and maintenance,
normal tear and wear excepted. Likewise, LESSEE should deliver the leased
premises free of any claim or liability whether of labor, fiscal or
administrative nature or obligations against third parties.
SIXTH.- For the interpretation and fulfillment of this agreement, the parties
submit themselves to the laws and jurisdiction of Israel.
