Lease for Office Space at Jerusalem Technology Park, Jerusalem, Israel Summary of Key Terms
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EX-10.1 2 v022535_ex10-1.htm
Lease for Office Space at Jerusalem Technology Park, Jerusalem, Israel
Summary of Key Terms
| 1. | Landlord: Jerusalem Technology Park Ltd. |
| 2. | Tenant: GuruNet Israel Ltd. |
| 3. | Space Description: Entire 7th floor of the tower (building 23) in the Jerusalem Technology Park (Total 1,055 square meters) |
| 4. | Term: 5 years; option to extend for an additional 5 year period |
| 5. | Commencement: September 15, 2005 |
| 6. | Rent: 1st year - 50,802 New Israeli Shekels (“NIS”) (US$11,185 based on the exchange rate on July 15, 2005) 2nd-5th year- NIS 69,483 (US$15,298 based on the exchange rate on July 15, 2005) The Rent payments are linked to the Israeli Consumer Price Index |
| 7. | Bank Guarantee: approximately $87,000 |
| 8. | Right to Sublease: available to Tenant, under certain circumstances. |
| 9. | Early termination by Tenant: Under certain circumstances, Tenant has the option to terminate the lease after 3 years subject to an early termination fee equal to approximately $45,000 |
| 10. | Parking: 1st - 2nd year- 45 free parking spots 3rd -5th year- 21 free parking spots; $60 for each additional parking spot |
