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Title: LEASE Date: 5/4/2007
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Exhibit 10.18
LEASE
CALWEST INDUSTRIAL HOLDINGS,
LLC,
A Delaware limited liability
company
Landlord,
and
DEVAX, INC., A Delaware
corporation
Tenant
Page
1.
USE AND
RESTRICTIONS ON USE
1
2.
TERM
1
3.
RENT
2
4.
RENT
ADJUSTMENTS
2
5.
SECURITY
DEPOSIT
4
6.
ALTERATIONS
4
7.
REPAIR
5
8.
LIENS
6
9.
ASSIGNMENT AND
SUBLETTING
6
10.
INDEMNIFICATION
7
11.
INSURANCE
7
12.
WAIVER OF
SUBROGATION
8
13.
SERVICES AND
UTILITIES
8
14.
HOLDING
OVER
8
15.
SUBORDINATION
8
16.
RULES AND
REGULATIONS
8
17.
REENTRY BY
LANDLORD
9
18.
DEFAULT
9
19.
REMEDIES
10
20.
TENANT’S
BANKRUPTCY OR INSOLVENCY
11
21.
QUIET
ENJOYMENT
12
22.
CASUALTY
12
23.
EMINENT
DOMAIN
13
24.
SALE BY
LANDLORD
13
25.
ESTOPPEL
CERTIFICATES
13
26.
SURRENDER OF
PREMISES
14
27.
NOTICES
14
28.
TAXES PAYABLE
BY TENANT
14
29.
RELOCATION OF
TENANT
15
30.
DEFINED TERMS
AND HEADINGS
15
31.
TENANT’S
AUTHORITY
15
32.
FINANCIAL
STATEMENTS AND CREDIT REPORTS
15
33.
COMMISSIONS
15
34.
TIME AND
APPLICABLE LAW
16
35.
SUCCESSORS AND
ASSIGNS
16
36.
ENTIRE
AGREEMENT
16
37.
EXAMINATION NOT
OPTION
16
i
(continued)
Page
38.
RECORDATION
16
39.
LIMITATION OF
LANDLORD’S LIABILITY
16
ADDENDUM
EXHIBIT A
– FLOOR PLAN DEPICTING THE PREMISES
EXHIBIT A-1
– SITE PLAN
EXHIBIT B
– INITIAL ALTERATIONS
EXHIBIT C
– COMMENCEMENT DATE MEMORANDUM
EXHIBIT D
– RULES AND REGULATIONS
(THE REMAINDER OF THIS PAGE
INTENTIONALLY LEFT BLANK)
ii
MULTI-TENANT INDUSTRIAL NET
LEASE
REFERENCE PAGES
BUILDING:
Spectrum Centre
Business Park
LANDLORD:
CALWEST INDUSTRIAL HOLDINGS, LLC,
a Delaware limited liability
company
LANDLORD’S ADDRESS:
101 Enterprise,
Suite 150
Aliso Viejo, CA
92656
ADDRESS FOR
RENT PAYMENT:
CalWest
Industrial Holdings
File #
30031
P.O Box
60000
San Francisco,
CA 94160
LEASE REFERENCE
DATE:
December 29,
2006
TENANT:
DEVAX, Inc.,
a Delaware corporation
TENANT’S
NOTICE ADDRESS:
(a) As of beginning of Term:
20996 Bake
Parkway, Suite 100-106
Lake Forest, CA
92630
(b) Prior to beginning of Term (if
different):
13700 Alton
Pkwy, Suite 164
Irvine, CA
92618
PREMISES
ADDRESS:
20996 Bake
Parkway, Suite 100-106
Lake Forest, Ca
92630
PREMISES
RENTABLE AREA:
Approximately
7,344 sq. ft. (for outline of Premises see Exhibit A
)
USE:
General office,
administrative, research and development, sales and storage; or any
other lawful use permitted by the City of Lake Forest with approval
by Landlord, which shall not be unreasonably withheld and subject
to Section 9 of this Lease.
COMMENCEMENT
DATE:
March 1,
2007
TERM OF
LEASE:
Approximately
two (2) years, eight (8) months and zero (0) days beginning on the
Commencement Date and ending on the Termination Date
