Tenancy Agreement
Date: August 31, 1999
Parties: 1. The Landlord Mrs. Hana Kimchi
2. The Tenant: Fontech Ltd.
Property: Empty single family house, of 180 square meters, divided into 7
rooms, kitchen and 2 bathrooms
Location: 00 Xxxxxxxx Xxxxxx, Xxxx Xxxxx, 00000, Xxxxxx
Term: One year, from Sep. 01, 1999 to Aug. 31, 2000
Rent: US$14,220.00
Payable: In advance by equal US$7,110.00 installments on Sep. 01, 1999 and
Dec. 01, 1999. Payment is made in NIS at the representative exchange rate on
the day of payment.
Taxes: Fontech Ltd. Will pay the Rent Tax, directly to the government, at
the legal rate of 35% (US$4,977 in NIS), in conjunction wih the payables to
the Landlord.
Expenses: Fontech Ltd. Will pay the suppliers for all gas, electricity,
water, telephones service supplied to the Property during the tenancy.
SIGNED by the above-named
(the Landlord) (the Tenant)
