Item 2. Properties
Item
2. Properties.
Currently,
Integrity Israel have several non-cancellable operating lease agreements for few vehicles. the Company’s leases have original
lease periods expiring between 2023 and 2024. Payments due under such lease contracts include primarily fixed payments. The Company does
not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement.
The company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Since March 2021 Integrity Israel rents several workspaces at designated office building in the city Or – Yehoda. such rent replace
the principal offices of the Company in the city Ashdod. According to the new agreements the Company rents those flexible shared workspaces
for periods shorter than one year (mostly 6 month), and renews the agreement in accordance with its needs.
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