The parties are aware that the Group intends to enter into a cooperation agreement and/or a real estate sharing agreement with the 104 Group, in order to promote a unified plan, in the framework of which it will be possible to construct the project on the lot. The parties are aware that there is currently the possibility of building the project on the lot only [i.e., Lot 102 - my addendum], but the group aspires to change this planning situation in order to combine the construction together with Group 104 as aforesaid. The parties are also aware that the time required for the approval of a specific zoning plan and the planning of the lot and the issuance of a building permit will be extended, as is customary by the Ramat Gan Local Committee and the relevant authorities authorized to handle such requests [emphases added].
From this it appears that the parties are reflecting the risk thatthe planning change will take time and may encounter a pitfall. In any event, and in view of the clear motivation that arises from these statements, it seems that the possibility that the project will be built on Lot 102 alone is not high.
This also arises clearly from the provisions of clause 3.2 of the sale agreement, which stipulates that each group member is aware that "the group of purchasers intends to carry out joint initiation, planning and self-construction on the land, all as detailed in the sharing agreement [...]. It is also aware that the group of buyers intends to enter into a cooperation agreement and a land sharing agreement with the adjacent landowners known as Block 6125, Plot 92, for the purpose of promoting a joint plan for the construction of the project in the relevant planning authorities. The purchaser undertakes to sign any document required for the purpose of carrying out the provisions of this section, including any cooperation agreement and/or real estate sharing agreement, as aforesaid, and authorizes the attorney to sign all such documents for him and in his place." It is therefore clear that all efforts will be devoted to the joint promotion of a plan relevant to the two lots, and in fact the chances of building independent construction are low.