Document:

F-4

Exhibit 10.15  

To

Jaron Lotan 

Dear Sir, 

Re: Indemnification
and Release  

This letter is being issued to you by
Negevtech Ltd. (the “Company”) pursuant to the resolutions adopted by the Board
of Directors of the Company on February 19, 2008 and subject to the approval by the
shareholders of the Company (such approval to be obtained as soon as possible). 

	1.  	The
Company hereby undertakes to indemnify you to the maximum extent permitted
               by applicable law in respect of: 

	 	1.1 	Any
financial oligation imposed on you in favor of any other person and/or entity pursuant to
any judgment including any judgment by way of compromise or any judgment of an arbitrator
certified by a competent court within the framework of any legal proceedings taken
against you, if any, due to any act or omission (collectively hereinafter referred to as
an “Action”) taken or not taken, or made or not made, by you in your capacity
as an Office Holder of the Company (as such term is defined in the Israeli Companies Law,
1999, as amended (the “Companies Law”); 

	 	1.2 	All
reasonable litigation expenses, including, but not limited to, attorney’s fees and
the fees and expenses of investigators, accountants and other experts, which you may pay,
or be obligated to pay by the court, (i) in relation to the opposing by you of any legal
proceedings, which are instituted against you by the Company or in its name or by any
other person; or (ii) in any criminal proceedings in which you are acquitted; or (iii) in
any criminal proceedings regarding a crime which does not require proof of mens rea (criminal
intent) in which you are convicted; or (iv) in any administrative or investigative
proceedings that do not result in criminal proceedings against you and without any
monetary liability being imposed on you in lieu of criminal proceedings or that result in
criminal proceedings in which you are acquitted, or (v) in any administrative or
investigative proceedings that do not result in criminal proceedings against you but
result in the imposition of a monetary liability in lieu of criminal proceedings provided
it is in respect of a criminal action that does not require proof of criminal intent; or
(vi) in preparation or defense with respect to any threatened or pending proceedings as
aforesaid; all to the extent permitted pursuant to the Companies Law and in respect of
actions taken by you in your capacity as an Office Holder of the Company 

	 	
The
above indemnification will also apply to any action taken by you in your capacity as an
Office Holder of any other company controlled, directly or indirectly, by the Company or
in fulfilling the position of an Office Holder and/or and observer at the board of
directors’ meetings of any other entity at the request of the Company (each of the
aforesaid entities shall be referred to hereinafter as an “Affiliate”). 

	2.  	The
Company will not indemnify you for any amount you may be obligated to pay in
          respect of: 

	 	2.1 	A
breach of your duty of loyalty to the Company; provided, that the Company will
indemnify you for a breach of your duty of loyalty if in committing such breach you acted
in good faith and had reasonable grounds to assume that your action would not harm the
Company. 

	 	2.2 	A
breach of your duty of care to the Company committed intentionally or recklessly. 

	 	2.3 	An
action taken with the intent of unlawfully realizing personal gain. 

	 	       2.4 	A
fine or penalty imposed upon you.

	 	2.5 	A
counterclaim made by the Company or in its name in connection with a claim against the
Company filed by you, other than for indemnification hereunder. 

	3.  	The
Company will make available all amounts needed in accordance with paragraph
               1 above on the date on which such amounts are first payable by you (“Time
               of Indebtedness”), and with respect to items referred to in paragraph
1.2                above, on an ongoing basis, as and when payable by you, even prior to
a court                decision, and in any event within five (5) business days from your
first written                request. Advances given to cover legal expenses in criminal
proceedings or in                administrative or investigative proceedings that result
in criminal proceedings                will be repaid by you to the Company if you are
found guilty (other than with                respect to criminal proceedings regarding a
crime which does not require proof                of criminal intent). 

	 	
As
part of the aforementioned undertaking, the Company will make available to you any
security or guarantee that you may be required to post in accordance with an interim
decision given by a court or an arbitrator, including for the purpose of substituting
liens imposed on your assets.  

	 	
All
amounts paid as indemnification pursuant hereto will be grossed-up to cover any tax
payments you may be required to make if the indemnification payments are taxable to you.  

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	4.  	The
Company will indemnify you even if at the relevant Time of Indebtedness you
               are no longer an Office Holder of the Company or of an Affiliate or board
               observer of an Affiliate, provided that the obligations are in respect of
               actions taken by you while you were an Office Holder and/or board
observer, as                aforesaid, and in such capacity, including if taken prior to
the above                resolutions, and the indemnity will extend to your heirs,
executors,                administrators and legal representatives. 

	5.  	The
indemnification is limited to the following categories of events relating
               to: 

	 	5.1	The
offering of securities by the Company and/or by a shareholder to the public and/or to
private investors or the offer by the Company to purchase securities from the public
and/or from private investors or other holders pursuant to a prospectus, agreements,
notices, reports, tenders and/or other proceedings. 

	 	5.2	Occurrences
resulting from the Company’s becoming or its status as a public company, and/or from
the fact that the Company’s securities were offered to the public and/or are traded
on a stock exchange, whether in Israel or abroad. 

	 	5.3	Occurrences
in connection with investments the Company and/or Affiliates make in other corporations
whether before and/or after the investment is made, entering into the transaction, the
execution, development and monitoring thereof, including actions taken by you in the name
of the Company and/or an Affiliate as an Office Holder and/or board observer of the
corporation the subject of the transaction and the like. 

	 	5.4	The
sale, purchase and holding of negotiable securities or other investments for or in the
name of the Company and/or an Affiliate. 

	 	5.5	Actions
in connection with the merger of the Company and/or an Affiliate with or into another
entity, the sale of any, including all, or substantially all, of the Company’s
and/or an Affiliate’s assets (which inlcude, inter-alia, operations and/or
business), a Tender Offer, a Forced Sale of Shares, Arrangement and Compromise (as such
capitalized terms are defined in the Companies Law) or any reorganization, merger or
consolidation of whatever kind or nature within the meaning of any law applicable to such
claim or demand. 

	 	5.6	Without
derogating from the generality of the above, actions in connection with the purchase,
lease or sale of companies, legal entities, business, securities or assets, and the
division or consolidation thereof. 

	 	5.7	Actions
taken in connection with labor relations and/or employment matters in the Company and/or
in Affiliates and trade relations of the Company and/or Affiliates, including with
employees, independent contractors, customers, suppliers and various service providers. 

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	 	5.8	Actions
in connection with the testing of products developed by the Company and/or by Affiliates
or in connection with the certification, distribution, sale, license or use of such
products. 

	 	5.9	Actions
taken in connection with the intellectual property of the Company and/or an Affiliate and
its protection, including the registration or assertion of rights to intellectual
property and the defense of claims related to intellectual property. 

	 	5.10	Actions
taken pursuant to or in accordance with the policies and procedures of the Company and/or
its Affiliates, whether such policies and procedures are published or not. 

	 	5.11 	The
obligation to disclose information to shareholders of the Company (whether past, current
or prospective). 

	 	5.12 	Dealings
by the Company and/or an Affiliate with third parties, including agents, employees,
customers, suppliers, creditors or others. 

	 	5.13 	Presentations
or reports submitted or delivered to shareholders (whether current or prospective),
customers or creditors of the Company. 

	 	5.14 	Any
matter relating to financial reports, accounting or book-keeping of the Company and/or an
Affiliate or failure to pay, report or keep any foreign, federal, state, county, local,
municipal or city taxes or other mandatory payment. 

	 	5.15 	Any
claim or demand made by any third party suffering any personal injury or damage to
business or personal property through any action attributed to the Company and/or an
Affiliate, or their respective employees, agents or other persons acting or allegedly
acting on their behalf. 

	 	5.16 	Any
administrative, regulatory or judicial actions, orders, decrees, suits, demands, demand
letters, directives, claims, liens, investigations, proceedings or notices of
noncompliance or violation by any governmental entity, including the Office of the Chief
Scientist or the Investments Center of the Israeli Ministry of Industry, Trade and Labor,
the Israeli Antitrust Authority or the Israel Securities Authority, or other person
alleging the failure to comply with any statute, law, ordinance, rule, regulation, order
or decree of any governmental entity applicable to the Company or any of its Affiliates,
or any of their respective businesses or operations. 

	6.  	The
total amount of indemnification that the Company undertakes towards all           persons
whom it has resolved to indemnify for the matters and in the           circumstances
described herein, jointly and in the aggregate, shall not exceed           the greater
of: 

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	 	(a) 	An
amount equal to $10 Million US Dollars, according to the representative rate
               of exchange, or any other official rate of exchange that may replace it,
at the                Time of Indebtedness; or 

	 	(b) 	The
amount adjudicated against you jointly and severally with others. 

	 	(c) 	The
amount adjudicated against you subject to the limitations in paragraphs 6(a)
               and 6(b) above (the greater of the two) plus the amount adjudicated
against                others if their portion is not collected for any reason. 

	7.  	The
Company will not indemnify you for any liability with respect to which you
               have received payment by virtue of an insurance policy or another
               indemnification agreement other than for amounts which are in excess of
the                amounts actually paid to you pursuant to any such insurance policy or
other                indemnity agreement (including deductible amounts not covered by
insurance                policies), within the limits set forth in paragraph 6 above. 

	8.  	Subject
to the provisions of paragraphs 6 and 7 above, the indemnification will,
               in each case, cover all sums of money (100%) that you will be obligated to
pay,                in those circumstances for which indemnification is permitted under
the law. 

	9.  	The
Company will be entitled to any amount collected from a third party in
               connection with liabilities indemnified hereunder and which are in excess
of the                amount, if any, not indemnified by the Company. 

	10.  	In
all indemnifiable circumstances indemnification will be subject to the
               following: 

	 	10.1 	You
shall notify the Company of any legal proceedings initiated against you and of all
possible or threatened legal proceedings within seven (7) days from the day that you are
dully and lawfully first aware thereof, and that you transfer to the Company, or to such
person as it shall advise you, without delay all documents you receive in connection with
these proceedings. 

	 	
Similarly,
you must advise the Company on an ongoing and current basis concerning all events which
you suspect may give rise to the initiation of legal proceedings against you. 

	 	
Failure
to notify the Company as aforesaid will not relieve the Company of its indemnification
obligations pursuant hereto except to the extent that it has been actually prejudiced as
a result of such failure. 

	 	10.2 	Other
than with respect to proceedings that have been initiated against you by the Company or
in its name, the Company shall be entitled to undertake the conduct of your defense in
respect of such legal proceedings and/or to hand over the conduct thereof to any attorney
which the Company may choose for that purpose. 

- 5 -

	 	
In
the event that: (i) such attorney is not, upon reasonable grounds, acceptable to you,
(ii) the Company shall have not assumed the defense of the legal proceedings or has not
pursued the defense diligently, or (iii) the named parties to any such legal proceeding
include both you and the Company, and it is reasonably concluded that joint
representation is inappropriate under applicable standards of professional conduct due to
a conflict of interest between yourself and the Company, you will be entitled to appoint
an attorney of your own that shall accompany you in such procedure. Your attorney shall
be fully updated on the defense procedure, and the Company and the attorney conducting
the legal defense on behalf of the Company shall fully cooperate with your attorney,
including regularly consulting with your attorney on the measures taken in the course of
the defense. The Company shall indemnify you for all reasonable expenses incurred by you
in connection with engaging such attorney. 

	 	
The
Company and/or the attorney as aforesaid shall be entitled, within the context of the
conduct as aforesaid, to conclude such proceedings, all as it shall see fit, including by
way of compromise. At the request of the Company, you shall execute all documents
required to enable the Company and/or its attorney as aforesaid to conduct your defense
in your name, and to represent you in all matters connected therewith, in accordance with
the aforesaid. 

	 	
For
the avoidance of doubt, in the case of criminal proceedings the Company and/or the
attorneys as aforesaid will not have the right to plead guilty in your name or to agree
to a plea-bargain in your name without your consent. Furthermore, in a civil proceeding
(whether before a court or as a part of a compromise arrangement), the Company and/or its
attorneys will not have the right to admit to any occurrences that are not indemnifiable
pursuant to this Letter of Indemnification and Release and/or pursuant to law, or to
enter into any settlement, or compromise or consent to any judgement unless such
settlement, compromise or consent includes an unconditional release of you from all
liability arising out of the proceeding, without your consent. However, the aforesaid
will not prevent the Company and/or its attorneys as aforesaid, with the approval of the
Company, to come to a financial arrangement with a plaintiff in a civil proceeding
without your consent so long as such arrangement will not be an admittance of an
occurrence not indemnifiable pursuant to this Letter of Indemnification and Release
and/or pursuant to law and so long as it includes an unconditional release as aforesaid. 

	 	10.3 	You
will cooperate with the Company and/or any attorney as aforesaid in every reasonable way
as may be required of you within the context of their conduct of such legal proceedings,
provided that the Company shall cover all costs incidental thereto such that you will not
be required to pay the same or to finance the same yourself. 

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	 	10.4 	If,
in accordance to paragraph 10.2, the Company has taken upon itself the conduct of your
defense, the Company will have no liability or obligation pursuant to this Letter of
Indemnification and Release or the above resolutions to indemnify you for any legal
expenses, including any legal fees, that you may expend in connection with your defense,
except as provided for in paragraph 10.2 above. 

	 	10.5 	The
Company will have no liability or obligation pursuant to this Letter of Indemnification
and Release or the above resolutions to indemnify you for any amount expended by you
pursuant to any compromise or settlement agreement reached in any suit, demand or other
proceeding as aforesaid if the Company’s consent to such compromise or settlement
was not given in advance, such consent not to be unreasonably withheld. 

	11.  	The
Company hereby exempts you and releases, to the fullest extent permitted by
                    law, from and against any liability for monetary or other damages due
to, or                     arising or resulting from a breach of your duty of care to the
Company, provided                     that in no event shall you be exempt with respect
to any actions listed in                     paragraph 2 above. 

	12.  	If
for the validation of any of the undertakings in this Letter of
                    Indemnification and Release any act, resolution, approval or other
procedure is                     required the Company undertakes to cause them to be done
or adopted in a manner                     which will enable the Company to fulfill all
its undertakings as aforesaid. 

	13.  	For
the avoidance of doubt, it is hereby clarified that nothing contained in
                    this Letter of Indemnification and Release or in the above
resolutions derogate                     from the Company’s right to indemnify you
post factum for any amounts which                     you may be obligated to pay as set
forth in paragraph 1 above without the                     limitations set forth in
paragraphs 5 and 6 above. 

	14.  	If
any undertaking or release included in this Letter of Indemnification and
                    Release is held invalid or unenforceable, such invalidity or
unenforceability                     will not affect any of the other undertakings or
releases which will remain in                     full force and effect. Furthermore, if
such invalid or unenforceable undertaking                     or release may be modified
or amended so as to be valid and enforceable as a                     matter of law, such
undertakings or releases will be deemed to have been                     modified or
amended, and any competent court or arbitrator are hereby authorized
                    to modify or amend such undertaking or release, so as to be valid and
                    enforceable to the maximum extent permitted by law. 

	15.  	This
Agreement shall be construed in accordance with and governed by the laws of
                    the State of Israel, without giving effect to rules of conflicts of
laws. The                     exclusive jurisdiction concerning any legal proceeding
arising between the                     parties concerning this agreement shall vest in
the competent court in the                     district of Tel Aviv. 

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	16.  	The
Company shall bear all of your costs, including legal expenses, in enforcing
                    this Letter of Indemnification and Release against the Company. 

	17.  	This
Letter of Indemnification and Release contains the entire agreement and
                    understanding between the Company and yourself in respect of the
subject matter                     hereof and terminates and replaces any previous
agreement in such respect,                     provided however, that no previous
exemption or release (as opposed to indemnity                     undertakings) given to
you from and against any liability for monetary or other                     damages due
to, or arising or resulting from a breach of your duty of care to                     the
Company shall be affected. 

	 	
 Sincerely,

Negevtech Ltd.

- 8 -20-F

Exhibit 4.10  

SUMMARY OF LEASE
AGREEMENTS  

Supplement to lease
agreements dated May 28, 2000; August 21, 2000; February 20, 2003 and November 1, 2005  (together:
the “Integrated Contract”) 

	 	1.	Signing
date: May 7, 2007 

	  	2.  	Parties:  

	 	
Ef-Shar
Ltd., Israel ("Efshar") 

	 	
Nova
Measuring Instruments Ltd. ("Nova") 

	  	3.  	The
premises  

	 	
Certain
areas in building 22, Weizmann Scientific Park, Ness-Ziona, Israel (4,538 square meters ). 

	 	
Certain
areas in buildings 16 and 18, Weizmann Scientific Park, Ness-Ziona, Israel (686 square
meters).  

	 	
Total
square meters: approximately 5,224.  

	 	
Parking
areas. 

	 	4.	Lease
period

	 	
 The lease period is extended until January 31, 2013 (the “Extended Period”) as
follows: The lease period of the areas in buildings 16 and 18 is extended for a period
beginning on January 16, 2008 and ending on January 31, 2013.  

	 	
The
lease period of the area of 218 square meters in building 22 is extended for a period
beginning on January 1, 2011 and ending on January 31, 2013. 

	 	
The
lease period of the rest of the leased area of building 22 is extended for a period
beginning on February 1, 2008 and ending on January 31, 2013. 

	 	
Nova
has the option to terminate the lease beginning at any time on or after January 31, 2011 (“Exit
Stop”), subject to an unconditional and unrestricted written notice which will be
received by Efshar at least 180 days prior to the requested Exit Stop. 

	  	5.  	Option
for additional lease period  

	 	
Nova
has an option to extend the lease for an additional lease period beginning on February 1,
2013 and ending on January 31, 2016 (the “Additional Extended Period”), subject
to the fulfillment of the terms of the Integrated Contract, and with at least 180 days
prior written notice. 

	 	
The
lease payments for the Additional Extended Period will equal the lease payments for the
last month of the Extended Period plus an additional 10% plus linkage differentials and
VAT. 

	  	6.  	Lease
payments  

	 	
An
amount in NIS equal to US$10.9 per month per square meter (calculated according to the
known exchange rate on the date of each payment), plus VAT (the “Lease Payments”). 

	 	
The
Lease Payments will be applicable for the last quarter of the current lease periods and
will be paid as follows: 

	 	
For
the areas in buildings 16 and 18, for the period beginning on October 16, 2007 and ending
on January 15, 2008. 

	 	
For
the area of 218 square meters in building 22, for the period beginning on October 1, 2010
and ending on December 31, 2010. 

	 	
For
the rest of the area of building 22, for the period beginning on November 1, 2007 and
ending on January 31, 2008. 

	 	
Nova
will pay customary maintenance fees with respect to the relevant building or part of the
building (plus VAT and linkage differentials). 

	  	7.  	Guarantees  

	 	
The
validity of the guaranties given by Nova pursuant to the Integrated Contract will be
extended by Nova, in order to secure Nova’s undertakings under this supplement. 

	  	8.  	Parking
Areas  

	 	
During
the Extended Period Nova will be permitted to continue to use, for parking purposes only,
93 parking spots that Nova has been using under the terms of the lease agreements to date
in the parking areas of buildings 22 and 12-18, and at no cost. Efshar will have the
right to change the location of such parking spots at any time and in its sole
discretion, subject to providing Nova prior notice of such changes. 

	  	9.  	Insurance  

	 	
According
to the Integrated Contract. 

	  	10.  	Appendixes  

	 	
Drawings
of the buildings and the leased areas; Drawings of the parking areas.  

Subject to the arrangements under
this supplement, all the provisions of the Integrated Contract will apply to the
Additional Extended Period. 

Lease agreement dated
November 1, 2005  

Supplement to lease agreements
dated May 28, 2000; August 21, 2000 and February 20, 2003 (together: the "Integrated
Contract").  

	 	1.	Signing
date: November 1, 2005 

	  	2.  	Parties:  

	 	
Ef-Shar
Ltd., Israel ("Efshar") 

	 	
Nova
Measuring Instruments Ltd. ("Nova") 

	  	3.  	The
premises  

	 	
Certain
areas in building 22, Weizmann Scientific Park, Ness-Ziona, Israel (218 square meters,
including 10 square meters for use as a warehouse) (the “Premises”). 

	 	
The
area will be transferred AS IS (subject to Efshar’s commitment to fix the floor of
the area that is 208 square meters) and construction will be done by Nova and at Nova’s
expense. 

	  	4.  	Lease
period  

	 	
The
lease period will begin on the earlier of January 1, 2006 or on the completion of
construction and will end on December 31, 2011. 

	 	
Nova
has an option to terminate the lease period for the Premises on January 31, 2008 subject
to certain conditions, including prior written notice no later than July 31, 2007, and
the payment of certain compensation for the early termination. 

	  	5.  	Lease
payments  

	 	
For
the area of 208 square meters in building 22: NIS10,136 per month (calculated based on
US$10.5 multiplied by 208 square meters at the exchange rate of US$1 = NIS4.641), plus
VAT, and linked to the Consumer Price Index (General) published on October 15, 2005 for
the month of September 2005 (102.5 points, base 2002).  

	 	
For
the warehouse area: NIS371 per month (calculated based on US$8 multiplied by 10 square
meters at the exchange rate of US$1 = NIS4.641), plus VAT, and linked to the Consumer
Price Index as detailed above. 

	 	
Maintenance
fees as set forth in the Integrated Contract and according to the customary maintenance
fees with respect to this building.  

	  	6.  	Guarantees  

	 	
The
validity of the guarantees given by Nova pursuant to the Integrated Contract will be
extended by Nova, in order to secure Nova’s undertakings under this agreement. In
addition, Nova will provide an autonomous bank guarantee in the sum of NIS86,893, linked
to the Consumer Price Index as detailed above, in order to secure its undertakings under
this agreement and the Integrated Contract. 

	  	7.  	Insurance  

	 	
Nova
will supplement its current insurance coverage with insurance specifically covering the
additional area of 218 square meters. 

	 	
Insurance
for the construction work and “all risks” insurance, Property insurance, Third
Party insurance and Employer liability insurance.  

	  	8.  	Special
provisions for the lease of the warehouse area  

	 	
The
lease of the warehouse is only for the use of such warehouse as a service area and as
such, Nova agrees to vacate the premises of the warehouse if the relevant authorities so
require, and Nova waives in advance any claims it may have in connection with such
requirement to vacate. In such a case, the term of the lease of the warehouse will
terminate. 

	  	9.  	Appendixes  

	 	
Drawings
of the building and the leased area; Insurance.  

	 	
The
lease terms for the lease of the Premises will be the same terms as are in the Integrated
Contact, unless otherwise specified in this agreement.  

Lease agreement dated
February 20, 2003  

Supplement to lease agreements
dated May 28, 2000 and August 21, 2000 (together: the "Integrated Contract").  

	 	1.	Signing
date: February 20, 2003 

	  	2.  	Parties:  

	 	
Ef-Shar
Ltd., Israel ("Efshar") 

	 	
Nova
Measuring Instruments Ltd. ("Nova") 

	  	3.  	The
premises  

	 	
Certain
areas in building 22, Weizmann Scientific Park, Ness-Ziona, Israel (4,320 square meters
).  

	 	Certain
areas in buildings 16-18, Weizmann Scientific Park, Ness-Ziona, Israel (686 square meters
). 

	 	
Parking
areas. 

	 	
The
definition of “Leased Premises” is revised from the definition in previous
agreements to include only 4,320 square meters in building 22 and an additional 686
square meters in buildings 16-18. 

	  	4.  	Lease
period  

	 	
The
lease period will terminate on January 15, 2008.  

	  	5.  	Lease
payments  

	 	
The
lease payments for the certain areas in buildings 16-18 will be subject to the terms in
the earlier agreement for the lease of the previous premises, and the lease payments will
be in an amount equal to NIS34,129 per month, linked to the April 2000 index (105.8
points, base 1998), plus VAT. 

	  	6.  	Parking
areas  

	 	
Nova
will receive a corresponding 14 parking spots in buildings 12-20 for the areas being
leased in building 16-18. 

	  	7.  	Waiver
of claims  

	 	
The
parties waive all claims each may have against the other that may arise in connection
with the construction work as defined in the agreement. 

	  	8.  	Appendixes  

	 	
Drawings
of the building and the leased area.  

Lease agreement dated
August 21, 2000  

Supplement to lease
agreement dated May 28, 2000. 

	 	1.	Signing
date: August 21, 2000 

	  	2.  	Parties:  

	 	
Ef-Shar
Ltd., Israel ("Efshar") 

	 	
Nova
Measuring Instruments Ltd. ("Nova") 

	  	3.  	The
premises  

	 	
As
defined in the lease agreement dated May 28, 2000. This supplement includes amendments to
the schedule for transferring the areas covered by the agreement dated May 28, 2000 as
initially set out in the lease agreement dated May 28, 2000. 

	  	4.  	Lease
payments  

	 	
NIS49.75
per square meter.  

	  	5.  	Option
for additional lease period  

	 	
In
the event that Nova will not exercise its option to extend the first lease period, then,
on a date no later than 180 days prior to the termination of the initial lease period,
Nova will pay Efshar NIS234,853, linked to the Consumer Price Index (General) published
before May 28, 2000, plus VAT. 

	 	6.  	In
addition to the compensation for early termination of the agreement that was
          agreed to in the May 28, 2000 agreement, there will be an additional amount of
          compensation equal to NIS293,706, linked to the basic index, plus VAT. 

Lease agreement dated
May 28th, 2000  

	  	1.  	Parties:  

	 	
Ef-Shar
Ltd, Israel ("EfShar") 

	 	
Nova
Measuring Instruments Ltd ("Nova") 

	  	2.  	The
premises  

	 	
Building
22, Weizmann Science Park, Rehovot, Israel  

	 	
Total
square meters: presently, approximately 7,770.  

	  	3.  	Occupation
schedule  

	 	
On
the transfer date EfShar shall transfer to Nova no less than 4,500 square meters. No
later than 6 moths from the transfer date EfShar shall transfer to Nova an addition
approximately 600 square meters. 

	 	
No
later than 12 moths from transfer date EfShar shall transfer to Nova an addition
approximately 850 square meters. 

	 	
No
later than 18 moths from transfer date EfShar shall transfer to Nova an addition
approximately 850 square meters. 

	 	
No
later than 24 moths from transfer date EfShar shall transfer to Nova an addition
approximately 970 square meters. 

	  	4.  	Leasing
period  

	 	
The
lease period will be for 72 months commencing 30 days after the transfer date Nova has
the ability to terminate the lease after 60 months with prior written notice of no late
than 54 months into the lease period. 

	 	
Nova
has the ability to terminate the lease after 36 months by finding an alternative lessee
on the same terms as the lease agreement. 

	 	
Nova
has an option to extend the leasing period for an additional 60 months with prior written
notice of at least 180 days prior to the end of the initial leasing period. 

	  	5.  	Cost
of leasehold improvements  

	 	
Nova
will bear the costs of leasehold improvements. EfShar will participate in a cost of
NIS1,259.4 plus VAT per square meters. 

	  	6.  	Rent
Payments  

	 	
NIS49.12
plus VAT per month per square meters.  

	 	
Maintenance
fees shall be in the same amounts generally paid in the Weizmann Science Park (based on
EfShar cost + 15%). 

	  	7.  	Advances
and guarantees  

	 	
Advance
– 3 months rent and maintenance fees for the initial 4500 square meters transferred
as a deposit, paid on the agreement signing date. This advance will be deducted from the
first lease payment according to the agreement. 

	 	
Commencing
on the fourth month of the lease period Nova shall pay the rent payments and maintenance
fees in advance for the following three months on the 1st of every third month. 
Guarantee
– Nova will issue a bank guarantee for this lease in the amount equal to 6 months of
rent payments and maintenance fees plus VAT. 

	  	8.  	Appendixes  

	 	
Drawing
of the position of the building in the park; Drawings of the building; Schedule of
specifications; Insurance.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]