Exhibit 10.1
sixth Amendment to Lease Agreement
SIXTH AMENDMENT
to
LEASE BETWEEN
EMERY STATION OFFICE II, LLC
(LANDLORD)
And
NOVACAL PHARMACEUTICALS, INC.
(TENANT)
EMERYSTATION NORTH
PROJECT
Emeryville, California
That certain
lease dated June 3, 2004, by and between Emery Station Office II,
LLC, a California Limited Liability Company, as Landlord (“
Landlord ”), and NovaBay Pharmaceuticals, Inc.
(formerly Novacal Pharmaceuticals, Inc.), a California Corporation,
as Tenant (“ Tenant ”), a such lease was amended
by First Amendment dated June 22, 2004, by Second Amendment dated
July 22, 2004, by Third Amendment dated March 25, 2005, by Fourth
Amendment dated September 30, 2006 and by Fifth Amendment dated
November 20, 2007 (collectively, the “ Lease ”),
is hereby further amended as outlined below. The
effective date of this Sixth Amendment shall be September 1, 2008
(the “ Sixth Amendment Effective Date
”). From and after the Sixth Amendment Effective
Date the Lease and this Sixth Amendment thereto shall be referred
to as the “ Lease ” for all purposes.
Under the
Lease, Tenant currently leases from Landlord, all in the
EmeryStation North building at 5980 Horton Street in Emeryville,
CA: Suite 550 (containing 8,478 rentable square feet),
Suite 575 (containing 2,248 rentable square feet), Suite 580
(containing 952 rentable square feet), Suite 370 (containing 3,701
rentable square feet) and Suite 395 (containing 325 rentable square
feet), and has an obligation to lease Suite 360 (containing 3,052
rentable square feet) upon Landlord’s delivery of said suite
to Tenant, which Landlord and Tenant hereby acknowledge has not yet
occurred. Per the Lease, various of the above Suites
have different maturity dates.
Tenant has
requested to lease from Landlord and Landlord has agreed to lease
to Tenant Suite 525 in the same
building. Tenant has also requested, and Landlord has
agreed, to terminate Tenant’s lease as it pertains to Suites
360 and 370. Additionally, Tenant and Landlord have
agreed to extend the Term of Tenant’s Lease and make all
portions thereof co-terminus, and to modify rental and other terms,
all per the specifics enumerated herein.
Suite 525, more
fully described in Exhibit A hereto, measures 6,420 rentable square
feet. Tenant understands and acknowledges that Suite 525
is currently leased to and occupied by tenant Neosil, Inc. under a
lease set to expire per its terms on October 31,
2008. Suite 525 will be added to Tenant’s Premises
effective November 1, 2008 or as soon thereafter as Neosil has
vacated the upon the scheduled expiry of Neosil’s lease is
terminated and it has left the space in the condition required
under its lease (the “ Suite 525 Commencement Date
”). If Landlord is able, under
commercially-reasonable terms, to arrange for Neosil’s
departure prior to their scheduled lease expiry, then Landlord and
Tenant agree that the Suite 525 Commencement Date shall be
accelerated to that date which is ten (10) days
following Landlord’s written notice to Tenant that the space
shall be available to it earlier. As detailed in Section
2.3 of the Lease, Landlord shall not be liable for any delay in
being able to deliver the Suite 525 space to Tenant for any reason
including but not limited to Neosil’s unauthorized holdover
in the space. Landlord agrees to use
commercially-reasonable efforts to cause Neosil to vacate Suite 525
per the terms of its occupancy. Tenant agrees to accept
Suite 525 in its then as-is condition, with no TI Allowance or
other improvements from Landlord.
Landlord and
Tenant acknowledge that Tenant is currently leasing and occupying
Suite 370 per the terms of the Fifth Amendment but that
Tenant’s lease of Suite 360 has not yet
commenced. With this Sixth Amendment, Landlord and
Tenant hereby terminate Tenant’s lease of Suite 360 before it
has commenced. &nbs
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