−Removed: Integrity Israel leases approximately 5,500 square feet of office space in the city of Ashdod, Israel for its principal offices.
−Removed: lease term began on December 1, 2015 for a period of 5 years which has been extended on august 2020 for an additional 1 years at the
−Removed: option of the Company.
−Removed: Monthly lease payments including maintenance are approximately $10 thousand.
−Removed: The Company estimates that its minimal
−Removed: rent and maintenance payments will be approximately $120 thousand per year over each of the next 9 months.
−Removed: In connection with the lease
−Removed: agreement, Integrity Israel provided the landlord a bank guarantee in the amount of approximately $43 thousand (NIS 137 thousand
−Removed: based on the exchange rate of $.311:1 NIS as of December 31, 2020) that can be exercised by the landlord in the case Integrity Israel
−Removed: fails to pay the monthly rent payments.
−Removed: The guarantee is renewed on an annual basis for a period of 5 years and is secured by funds on
−Removed: deposit with the bank, which generally must be sufficient to cover the principal amount guarantee.
+Added: Integrity Israel have several non-cancellable operating lease agreements for few vehicles.
+Added: the Company’s leases have original
+Added: lease periods expiring between 2023 and 2024.
+Added: Payments due under such lease contracts include primarily fixed payments.
+Added: The Company does
+Added: not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement.
+Added: The company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.
+Added: Since March 2021 Integrity Israel rents several workspaces at designated office building in the city Or – Yehoda.
+Added: such rent replace
+Added: the principal offices of the Company in the city Ashdod.
+Added: According to the new agreements the Company rents those flexible shared workspaces
+Added: for periods shorter than one year (mostly 6 month), and renews the agreement in accordance with its needs.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.