Y.G. Boaron Construction Ltd. (hereinafter: “the Company”) is launching a promotion in collaboration with Bank Hapoalim Ltd. (hereinafter: “the Bank”) to subsidize mortgage interest rates (hereinafter: “the Benefit”) for bridging loans for a period of 24 months, as described below (hereinafter: “the Loans”). These loans must be taken from the Bank before the promotion period ends, and are valid only for the purchase of apartments in the Boaron 556 Project, Phase B (1402) (hereinafter: “the Project”), all subject to the terms and conditions set forth in this regulation.

1. Description of the Benefit:
1.1 The Company will cover the full interest payments on a housing loan – a bridging loan of up to 1 million NIS, for a period of up to 24 months, in a fixed interest rate track linked to the Consumer Price Index or fixed, not linked to the index (hereinafter: “The Promotional Bridging Loan” / “The Loan” / “The Mortgage”) (hereinafter: “The Benefit”). 1.2 It is clarified that the terms of the promotion are based on the fact that the buyer’s request for a mortgage from the bank (as defined above) is for the purpose of financing the purchase of an apartment in this specific project only. 1.3 The benefit will be provided to the first 10 buyers who request to purchase an apartment in the project, starting from the date of publication of this regulation. 1.4 The benefit will be offered to any potential buyer who contacts the Company with a request to purchase an apartment in the project after the publication of this regulation. 1.5 Simultaneously with the offer of the benefit, the Company will check whether the potential buyer meets the basic conditions for receiving the loan, as determined by the bank from time to time, and at the sole discretion of the bank. 1.6 The order of eligibility for the benefit will be determined according to the date and time of signing the request to purchase an apartment in the project, provided that the buyer has signed a binding agreement within the time frame specified in the purchase request. 1.7 For the avoidance of doubt, the Company has the right to stop the promotion or change the promotion period at its sole discretion without being required to give notice of such changes. 1.8 During the loan period, the Company will pay only the interest to the bank, while all other payments related to the loan, as agreed between the buyer and the bank, including the linkage to the principal (if the loan is in a fixed interest rate track linked to the Consumer Price Index), will be paid by the buyer to the bank.


2. Conditions for Receiving the Benefit:
The Company will have the right to offer a potential buyer who signs a request to purchase an apartment from the Company in the project participating in the promotion (hereinafter: “the Apartment”) in the Company’s standard format (hereinafter: “Referral Form”) the option of receiving the benefit. If the buyer requests this, they can approach the bank with a request to receive a loan that includes the benefit. In order to examine the possibility of receiving the benefit in the loan, the Company must provide the eligible buyer with a referral to the bank for the interest subsidy on the bridging loan in the promotion, in the bank’s format, as well as a copy of the purchase request. The Company will not transfer any buyer details to the bank without receiving their explicit consent, and in accordance with all applicable laws, including privacy protection laws. All of this is subject to the terms outlined in this regulation. For the avoidance of doubt, the condition for receiving the benefit is that the buyer submits a request for mortgage approval to the bank, and their request is approved by the bank. The buyer must meet all the bank’s conditions for approval, at the bank’s sole discretion. The bank is not obligated to approve the loan. In the event the bank does not approve the loan for the buyer, the benefit will not be granted.



3. Promotion Period
The promotion will run from the date of publication of these terms and conditions until the benefit is claimed by the first 10 buyers or until the Company announces the termination of the promotion (hereinafter: “Promotion End Date”).
Notwithstanding the above, it is clarified that the Company and/or the bank may extend and/or advance the Promotion End Date and/or terminate the promotion at any time, at their discretion, without the need to provide prior notice. 3.1 If the promotion ends between the buyer’s signing of the purchase request and before the signing of the loan agreement with the bank, this will not constitute a breach of the Company’s commitment and/or of these terms and conditions. This does not diminish the Company’s obligations to other buyers who meet the conditions for receiving the benefit, despite the promotion’s end and/or to whom the benefit has been granted.



4. General Terms and Conditions:
4.1 The benefit will be available to those receiving the bridging loan under the promotion from the bank and will be paid for the purchased apartment according to the sale agreement, but only through the bank’s voucher booklet associated with the purchased apartment. 4.2 It is emphasized that in any case, the amount of the benefit, where the Company participates in the interest payment to the bank instead of the buyer, will be limited to the maximum loan amount approved by the bank at its discretion and in accordance with the law, up to 1,000,000 NIS (one million NIS) in one of the bridging loan paths in the promotion (fixed rate linked to the consumer price index or fixed rate not linked to the index), and according to the terms agreed between the buyer and the bank and the provisions of the law (hereinafter: “Maximum Loan Amount” and “The Loan”). 4.3 If the buyer meets the bank’s requirements for obtaining the loan as mentioned, and the bank agrees to grant the buyer the loan, and the buyer receives the loan from the bank, and subject to the loan amount being paid directly to the company according to the sale agreement terms, then the company agrees to bear the interest payment only on the bridging loan under the promotion, for the loan period only. If the sale agreement between the company and the buyer is canceled for any reason, the company’s commitment to pay the interest on the buyer’s mortgage loan to the bank, instead of the buyer, will simultaneously expire and be canceled. 4.4 It is clarified that the buyer must first submit a request for preliminary approval from the bank to obtain a mortgage loan (hereinafter: “Loan Application”). The bank is not obligated to approve the buyer’s loan request and/or its amount and/or provide any loan to the buyer and/or offer the buyer a loan under any terms. The loan approval and its terms are conditional on the bank’s approval for each specific buyer, according to the criteria and terms determined by the bank and at its sole discretion. 4.5 It is further clarified that the benefit is part of the collaboration between the company and the bank for the promotion period concerning obtaining a mortgage from Bank Hapoalim Ltd. If the bank does not approve the loan for the buyer, the company will have no obligation to pay any interest or other payment or offer any discount on the apartment price and/or provide any monetary credit to the buyer or any other lender from whom the buyer may receive a loan, if applicable. 4.6 It is clarified that the company has no obligation to grant the loan to the buyer, either directly or indirectly, through a third party. The buyer will have no claim and/or demand against the company in the event the bank does not approve the loan for the buyer. This will not affect the buyer’s obligation to pay the full consideration on time, as stipulated in the sale agreement. 4.7 The decision regarding the loan path will be made by the company, along with the other terms related to the loan, subject to the bank’s approval.



5. Special Rules and Additional Terms:
5.1 It is clarified that a (potential) buyer who signs a purchase request during the promotion period, as defined above, and does not sign the apartment purchase agreement by the end of the promotion period, will not be entitled to the benefit outlined in these terms and conditions. 5.2 There are no double promotions or discounts. 5.3 Each buyer is entitled to one benefit redemption (i.e., for purchasing a single apartment during the promotion period in the project). 5.4 Nothing in this regulation shall detract from or limit any terms of the purchase request or purchase agreement. If the buyer lists multiple units, all of the buyer’s units will be considered as one entitled unit for the purpose of this promotion. 5.5 The promotion does not apply to the purchase of an apartment in the project from third parties who are not the company. 5.6 The company reserves the right, at its sole and absolute discretion, to change the conditions outlined above and below, including the eligibility requirements and/or terms of the benefit, and even to terminate the promotion at its discretion, without prior notice. Notwithstanding the above, any commitment made by the company to a buyer regarding the benefit will continue to be honored by the company for that buyer. 5.7 5.8 A buyer who fails to comply with the terms of this regulation and/or violates the purchase request and/or purchase agreement, or whose agreement with the company has been canceled or is otherwise invalid, is not entitled to the benefit and/or its redemption. For details regarding the benefit, you can contact the sales office at the project site. Failure to repay the loan may result in late payment interest charges and enforcement proceedings. Loan approval is subject to the bank’s approval and terms, as well as all applicable laws. Nothing herein constitutes an offer and/or recommendation for obtaining credit. Best regards, 
Y.G. Boaron Construction Ltd.