Sample Business Contracts

Israel-Ramat Gan-Aba Hillel Street Lease - Ben Artzi Holdings and BackWeb Technologies Ltd.

Free Customizable Lease Forms

  • Commercial Lease. Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
  • Commercial Sublease. When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
  • Sublease Agreement. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
  • Triple Net Lease. Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
  • Office Space Lease. When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.

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1.   Lease Agreement by and between BackWeb and Ben Artzi Holdings

The Company currently leases 256 square meters (plus parking space) from Ben
Artzi Holdings, pursuant to a lease agreement originally signed by the parties
on May 28, 1996 and extended for an additional period on March 31, 1997 (the
"Extension"). Monthly rent is the equivalent in NIS of US$ 6,720 (calculated on
the basis of the exchange rate as of march 31, 1997 and linked to the CPI.

The term of the Extension is until May 21, 1999.

2.   Lease Agreement by and among Ashtrom Assets Ltd., The Company For Assets
and Buildings Ltd., F.I.B.I. Holdings Ltd., Sahar Insurance Company Ltd.,
Shiloah Insurance Company Ltd. (the "Lessor") and the Company, dated February
21, 1999 (the "Lease Agreement").

The Lease Property:  1,095 square meters (plus storage rooms and parking space)
in Aba Hillel Street, Ramat Gan, Israel.

The Company received an option to lease additional 332 square meters (the
"Option"), provided that the Company send a written notice no later than 1.9.99,
informing the Lessor of the Company's intention to exercise the Option (the
"Notice"), and a bank guaranty in the amount of NIS 81,300 (approximately
$20,000) is issued in favor of the Lessor.

Term:  A term of five years which shall commence on the earlier of (i) May 15,
1999 (i.e., a "Grace" period of two months); and (ii) 90 days from the date in
which the Company submits the plans for dividing the office space approved by
the Company and signed by two of its advisors.

The Company may terminate the Lease Agreement after three years provided that a
written notice is sent to the Lessor 180 in advance.

In the event that the Company exercises the Option, the term of rent with
respect to the additional 332 square meters shall commence on the earlier of (i)
120 days from the date in which the Notice was given; and (ii) the date in which
the Company received possession of the additional space, and shall terminate
upon the termination of the Lease Agreement.

Rent:  The Company shall pay monthly rent of NIS 77,571 (approximately $19,500)
for office space and parking to be paid quarterly. The Company shall be exempt
from paying rent during the first 108 rent days. In the event that the Option is
exercised, the Company shall be exempt from paying rent for the additional
space, during the first 60 rent days.

<PAGE>   2
Sub-Lease.  Without receiving the prior written consent of the Lessor, the
Company may not sub-lease or grant any other right with respect to the leased
property or any part thereof, excluding 250 square meters, with respect to
which, the Company may sublease it, provided that the Company guaranties the
fulfillment of all obligations by the sub-lessee.

Collateral.  The Company shall (i) issue a promissory note in the amount
equivalent to nine months rent in favor of the Lessor; (ii) provide the Lessor
with an irrevocable and unconditional bank guaranty in the amount of NIS 609,705
(approximately $152,000); and (iii) provide the Lessor with two personal

Additional Terms and Restrictions:

*    The Lessor is obligated to link the Company's computer room to a separate
24 hour air condition system;

*    Without receiving the Lessor's prior written consent, which consent shall
not be unreasonably withheld, the Company may not approve the transfer of its
shares which may result in a new shareholder (i) holding 25% or more of the
rights to receive dividend; (ii) having the right to appoint more than 25% of
the rights to vote at the Company's shareholders meetings. The foregoing shall
not apply to the transfer of shares to an affiliated company.