EXHIBIT 10.28
DATE OF THIS AGREEMENT
04/28/08
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CLIENT NAME
ImmunoCellular Therapeutics
Manish Singh
Woodland Hills, CA 91367
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CLIENT NOTICES
21900 Burbank Blvd.
3rd Floor
Woodland Hills, CA 91367
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TYPE OF
BUSINESS
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EXPIRATION DATE
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COMMENCEMENT
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CONF HRS
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Biotechnology
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02/28/2009
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04/01/2008
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25
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SETUP CHARGE
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REFUNDABLE RETAINER
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TOTAL INITIAL CHECK AMT
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$600.00
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$7,208.00
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$11,412.00
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DESCRIPTION
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AMOUNT
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OFFICE FEE
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3045, 3046,
3047
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$
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2,810.00
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TELEPHONE(S)
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1 Fax
Line
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$
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55.00
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SERVICE PACKAGE
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3 Basic
Package
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$
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535.00
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INTERNET SERVICE
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FURNITURE
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OTHER
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2 unreserved
Monthly Parking
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$
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204.00
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TOTAL FIXED MONTHLY FEE*
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$
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3,604.00
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MISCELLANEOUS
This agreement will automatically
renew for the same term at a rate to be determined by market demand
or a pre-determined increase as stated above, unless written notice
is provided at least sixty (60) days prior to the expiration date
of this agreement.
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*
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Additional
sales tax may apply
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CLIENT
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REGENT BUSINESS
CENTERS
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/s/ Manish
Singh
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/s/ Carolina
Baldwin
4-29-08
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ImmunoCellular
Therapeutics, Ltd.
DATE
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DATE
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TERMS AND CONDITIONS OF
LICENSE AGREEMENT
1. Office Access . Regent
Business Centers Woodland Hills, LLC (“Regent”), having
an address at 21900 Burbank Blvd., 3rd Floor, Woodland Hills, 91367
(the “Center”) hereby licenses to Client (as defined
herein, the “Client”) the use of the office(s) defined
and for the term defined herein. Client may also have access to the
common areas within the Center. Access is available twenty-four
(24) hours per day, seven (7) days per week. The building
shall provide office cleaning, maintenance services, heating, air
conditioning, and all other reasonably required utilities to the
center during normal business hours as determined by the landlord
for the building.
Regent reserves the right to show
the office(s) from time to time to prospective clients and will use
reasonable efforts not to disrupt Client’s
business.
2. Services . In addition to
Client’s office, Regent provides the following services
inclusive of the fixed fees: Shared reception and telephone
answering services during “normal” business hours (8:30
AM to 5:30 PM, Monday through Friday, excluding Regent holidays);
use of conference rooms for the defined number of hours per month
during Normal Business hours; Regent also provides certain services
on an as requested basis. There include: FAX service, photocopy
service, typing and secretarial service, mailing and messenger
services; outgoing telephone service; such other services as Regent
may make available from time to time at the Center. The fee
schedule for these services are as posted, and are included herein.
The fees are charged to Client’s account and are payable as
defined on the fee schedule. Client agrees to pay all charges
authorized by Client or Client’s employees Regent may change
the fee schedule from time to time.
In the event Client defaults on any
of Client’s obligations under this agreement, Client agrees
that Regent may cease to provide any and all services including
telephone services without resort to legal process.
3. Payments . Client agrees
to pay the fixed and additional service fees and all applicable
sales or use taxes, in the amounts set forth on the attached data
form, which is hereby incorporated by reference, within 5 (five)
days of the date of invoicing (expected to be via a monthly bill).
If Client disputes any portion of the charges on Client’s
bill, Client agrees to pay the undisputed portion on the designated
payment date. Client agrees that charges must be disputed within
fifteen (15) days or Client waives the right to dispute such
charges. Client will be charged a late fee of 5% for any late
payments. Client will also be charged a finance charge of
1.5%, per month on late payments.
Upon signing this agreement, Client
is required to pay the fixed fee, setup fees and a refundable
retainer as defined herein. At any time during the Term of this
Agreement, or any extension term, if Client’s fixed monthly
fees are increased as a result of additional services, and/or
increases to existing fees, then the retainer shall increase by
200% of the adjustment amount, which shall be paid to Regent within
thirty (30) days after demand therefore. The refundable
retainer will not be kept in a separate account from other funds
and no interest will be paid to Client on this amount. The
refundable retainer may be applied to outstanding charges at any
time at Regent’s discretion. Regent has the right to require
that Client replace retainer funds that Regent applies to
Client’s charges. At the end of the term of this agreement,
if Client has satisfied all of Client’s obligations, Regent
will refund Client this retainer within sixty
(60) days.
4. Regent’s Limitation of
Liability . Client acknowledges that due to the imperfect
nature of verbal, written and electronic communications, neither
Regent nor Regent’s landlord or any of their respective
officers, directors, employees, shareholders, partners, agents or
representatives shall be responsible for damages, direct or
consequential, that may result from the failure of Regent to
furnish any service, including but not limited to the service of
conveying messages, communications and other utility or services.
Regent shall use its best efforts to prevent the failure to provide
or interruption of any such services.
CLIENT EXPRESSLY AND SPECIFICALLY
AGREES TO WAIVE, AND AGREES NOT TO MAKE, ANY CLAIM FOR DAMAGES,
DIRECT OR CONSEQUENTIAL, INCLUDING WITH RESPECT TO LOST BUSINESS OR
PROFITS, ARISING OUT OF ANY FAILURE TO FURNISH ANY SERVICE, ANY
ERROR OR OMISSION WITH RESPECT THERETO, OR ANY DELAY OR
INTERRUPTION OF SERVICES. REGENT DISCLAIMS ANY WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
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5. License Agreement . THIS AGREEMENT IS
NOT A LEASE OR ANY OTHER INTEREST IN REAL PROPERTY. IT IS A
CONTRACTUAL ARRANGEMENT THAT CREATES A REVOCABLE LICENSE. Regent
retains legal possession and control of the Center and the
office(s) assigned to Client. Regent’s obligation to provide
Client space and services is subject