Ann: Appendix 4E - Preliminary Final Report, page-74

The Company has granted to an investor a floating charge over all the Company's assets andintelectual property.

not sure what's worse,. the spelling or the fact.

In August 2014, the Company signed an agreement for office rent through June 2016, with a fouryears renewal option under the terms set forth in the agreement. The monthly lease payments areapproximately $ 3,900. As of December 31, 2016, the Company exercised the renewal option untilJune, 2018 and further extended it until the end of September 2018. In October 1, 2018, the Companyrelocated its headqurters to Tel Aviv based on a new rent agreement through October 2021.The monthly rent payments under the agrrement are of approximately $ 12,000.To secure the lease payments, the Company had issued bank guarantee of $ 7,802 in favor of thefacility's lessor.Commitments for minimum lease payments in relation to non-cancellable operating leases as ofDecember 31, 2018 are approximately $252,255 comprised of 21 months under a monthly rate ofapproximately $12,000.The Company has granted to an investor a floating charge over all the Company's assets andintelectual property.


From $3900 month rent to $12,000 month, for all 9 employees, some of which are in Australia? Seems very excessive doesn't it?
Lots more spelling errors.

On September 15, 2013, the Company enterd into a marketing and distribution servicesagreement with Splitit Inc., according to which the Company grants a non exclusive license todistribute the Company's Installment Payment Services in the U.S in consideration for receivingthe entire amount entiteld from the subsidiary's customers less agreed upon agreed comissiomas defined in the agreement. In addition, during the subsidiary's first two years of operations, inthe event of accruing an operation loss from its activities, the Company will reimburse itssubsidiary with a marketing subsidy, intended to cover the market penetration cost of thesubsidiary.

Um.....what? huh?
and lots more spelling errors?