Made and Entered into on the 4th
of December, 2008.
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BigBand
Networks Ltd.
A Private Regd. Co. No. 512751074
(hereinafter: “the Lessee ”);
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The First Party
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Prime Sense
Ltd.
A Private Regd. Co. No. 513684761
(hereinafter: (“the Sub-Lessee ”);
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The Second Party
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On 25/07/2007 a
Lease Agreement was signed between U. Dori Engineering Works Co.,
Ltd. (hereinafter: “ U. Dori ”) and the Lessee
(hereinafter: “the Original Lease Agreement ”)
for a period starting on 01/02/2008 and ending on 31/01/2013
relating to a unit in an area of approximately 6,580 m
2 gross, plus store rooms and parking places, in
the building known as “Arazim House” located at 28
Habarzel Street in Ramat Hachayal, Tel Aviv, and known as Parcel
108 in Block 6639 (hereinafter: “the Leased Premises
”);
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The Original
Lease Agreement, including the Management Agreement and the other
appendices are attached hereto as Appendix A of
this Agreement and constitute an integral part hereof;
and
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U. Dori has
assigned all its rights and obligations under the Original Lease
Agreement to Clal Insurance Co., Ltd., a Public Registered Company
No. 520024647 (hereinafter: “the Lessor ”),
pursuant to a document of assignment of rights, a copy of which is
attached hereto
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as
Appendix B of this Agreement and constitutes an
integral part hereof; and
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The Lessor has
provided its permission and consent to the Lessee to lease out the
Leased Premises and/or to give a right of use and/or possession in
a part/parts of the Leased Premises to the Sub-Lessee, pursuant to
the written consent, a copy of which is attached hereto as
Appendix C of this Agreement; and
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The Sub-Lessee
is interested in the renting of the fourth floor in the Leased
Premises in an area of approximately 1,645 m
2 gross and also 35 parking places included in the
Leased Premises as marked in the plans of the Sub-Leased Premises
attached hereto as Appendix D of this Agreement
and constituting an integral part hereof (hereinafter: “the
Sub-Leased Premises ”), and the Lessee is interested
in renting out the Sub-Leased Premises to the Sub-Lessee as
stipulated, all in accordance with the terms and conditions
detailed below in this Agreement; and
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The parties
have agreed between them that the Sub-Lease which is the subject
matter of this Agreement will not be a lease protected under the
Law;
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Therefore It Is Declared and
Stipulated Between the Parties as Follows:
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1.
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The
preamble and the appendices attached to this Agreement constitute
an integral part of the body of the Agreement.
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2.
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The
provisions of the Original Lease Agreement and all of its
appendices, including the Management Agreement, shall apply, in
full, mutatis mutandis , with respect of the area of the
Sub-Leased Premises under this Agreement.
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3
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3.
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The Original Lease
Agreement: The Sub-Lessee undertakes that,
save where otherwise stated in this Agreement in all matters
relating to the Sub-Leased Premises, the Sub-Lessee shall be
responsible for the fulfillment of all the obligations and
undertakings imposed on the Lessee under the Original Lease
Agreement and all of its appendices, mutatis mutandis , and
that wherever the Original Lease Agreement refers to the Sub-Leased
Premises and where the word “Lessee” is mentioned, the
Sub-Lessee must be referred to, and all being in accordance with
the context of such.
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4.
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The Purpose of the
Sub-Lease: The Sub-Lessee undertakes to use
the Sub-Leased Premises only for the purpose of high tech
industries. The Lessee declares that the Sub-Leased Premises
pursuant to its designation is appropriate for the purpose of the
Sub-Lease.
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5.
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The Rent:
The monthly rent under
this Agreement: NIS Sixty-Four (64) per m
2
, is linked to the
change of the Consumer Price Index known on the date of payment
compared with the Basic Index which is the index for the month of
August 2008 published on 15/09/08, plus VAT as required by
law, plus NIS Four Hundred and Forty (440) for each one of
the 35 parking places, linked to the change of the Consumer Price
Index known on the date of payment compared with the Basic Index
which is the index for the month of March 2007 published on
15/04/07, plus VAT as required by law, (the rent, including payment
for the parking places, linkage differential accruals to the index
and VAT, shall hereinafter be referred to as: “the
Rent ”). The Sub-Lessee will pay the Rent (including
rent for the Additional Lease Term and the Third Lease Term) in
advance for every 3 months of lease plus VAT as required by
law, by the 5 th of the first month, for such
3 months. Notwithstanding the above said, it is clarified that
for the month of December 2010 the Lessee will not pay monthly
rent, however it will bear the payment for the parking
places.
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6.
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The
Sub-Lessee shall have an option, by prior notice to the Lessee of
30 days, to rent up to 15 additional parking places which
shall constitute an integral part of the Sub-Leased Premises from
the moment of delivery to the Sub-Lessee under identical conditions
to the terms and conditions of the Sub-Lease in this
Agreement.
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4
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All
payments for the Rent as defined below shall be paid into Account
No. 307500/02 managed at the 804 branch of Bank
Leumi in the name of the Lessee.
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In
the event that the Lessee wishes to vacate the Leased Premises, or
any part thereof, and the Sub — Lessee wishes to lease
additional space within the Leased Premises, the Lessee would
reasonably assist the Sub — Lessee in a way of addressing the
Lessor and raising the option to enable the Sub Lessee to lease
additional space in the Leased Premises directly from the Lessor.
Without derogating from the aforementioned, in the event that the
Lessee wishes to sub lease to third parties any further space, or
parts thereof, in addition to the Sub Leased Premises, the Lessee
shall make efforts but shall not be committed to notify the Sub
— Lessee.
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7.
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The Lease Term:
The Lease Term shall
start on 25/12/2008 and up until 24/01/2013 (hereinafter:
“the Lease Term ”). Without derogating from the
above, the Sub — Lessee shall have the right to begin the
Adaptation Works listed in section 15 prior to the Lease Period,
subject to Clal’s approval.
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8.
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Management Fees:
The Sub-Lessee will pay
the Facilone Co., Ltd . (“the Management
Company ”) which provides management services for the
building, management fees as stated in the Management Contract
which shall be signed between it and the Management Company,
directly to the Management Company for the providing of the
management services to the Sub-Leased Premises as of the beginning
of the Lease Term. For the avoidance of doubt, the Management
Agreement that will be signed between the Management Company and
the Sub — Lessee will be identical to the Management
Agreement attached to the Original Lease Agreement mutatis
mutandis .
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9.
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Expenses:
The Sub-Lessee will bear
all taxes, levies, fees and other payments of any kind and sort
imposed and/or to be imposed in the future on the holders of
possession of the Sub-Leased Premises, for its share in the
Sub-Leased Premises only, and also its proportionate share in the
expenses to be imposed, if any, on the common areas.
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10.
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Electricity, Water,
Municipal
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