Item 2. Properties
Item 2. Properties.
Our principal executive office
is currently located at 10 HaRimon Street, Mevo Carmel Science and Industrial Park, Israel. In July 2018 and June 2019, Duke Israel executed
two independent lease agreements (the “2018 Lease” and the “2019 Lease”) to lease separate spaces at the address
of our principal executive office. The July 2018 Lease was in effect until June 30, 2020 and afterwards continues on a monthly basis,
subject to a 60 days’ prior notice of termination, while the June 2019 Lease is in effect for 12 months from the date thereof and
includes two successive optional extension periods of 12 months each. In April 2022, Duke Israel entered into a lease agreement for an
office space in Mevo Carmel Science and Industry Park, Israel for a term of 3 years, with an option to extend the term of the lease agreement
for an additional 2 years. The April 2022 property became available for Company’s use at February 2023. In addition, pursuant to
an agreement entered into by Duke, we have the right to use office space and receive other administrative services at a location in the
State of Florida.
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