EXHIBIT 10.3
December 13, 1996
TEMPORARY LEASE/RENT AGREEMENT
Between
TESLAco
00 Xxxxxxx
Xxxxxx, XX 00000
hereafter referred to as to
'LESSOR'
and
Hienergy Microdevices, Inc.
00000 Xxxxxxx Xxxx Xxxxxx,
Xxxx Xxxxxx, XX 00000
hereafter referred to as to
'LESSEE'.
Lessor shall lease/rent to Lessee certain office and conference space in
the building at 10 Mauchly, Irvine for the work related to Phase I and beginning
of Phase II (if the latter is granted) of the Lessee's SBIR Contract
DAAB07-97-P-S808, under the following Terms and Conditions:
1. SPACE TO BE LEASED.
- two (2) office rooms , plus
- space for one copier, plus
- use of the Conference Room whenever possible, on 'best effort' basis on
the part of Lessor.
2. DURATION OF LEASE.
The lease will begin on 12/16/96 and terminate on 4/15/97;
if mutually agreeable, the lease can be extended for an additional period of
four (4) months by notifying so the Lessor before or on 3/31/97.
3. RENT.
Lessee shall pay to Lessor a rent of $750 per month, payable as follows: on
1/15/97: $1,500
which represents the rent for period 12/16/96 -1/15/97 and security deposit of
$750, refundable on 4/15/97;
on 2/15/97 : $1,500
which represents rent for period 1/16 - 3/16/97;
on 3/18/97 : $ 750,
which represents rent for period 3/16-4/15/97.
4. UTILITIES.
Utilities shall be provided by Lessor.
5. TELEPHONE SERVICES.
- Lessor shall provide 3 lines for Lessee (one for each office, one for
telefacsimile/ e-mail);
- all expenses, including line installation, shall be paid for by Lessee.
6. USERS.
Lessee's users of the leased space will consist of
- one secretary-clerk 9 AM-6 PM Monday though Friday;
- two full-time equivalent staffers, on the average;
Names of the persons using the space will be provided in advance in writing by
Lessee to Lessor for security reasons.
- access to and use of the space under par. 1 for deadline-related and
overtime work at all other times, including weekends, will be provided to two
(2) persons authorized by Lessee whose names will be provided to Lessor.
7. USE OF CONFERENCE ROOM.
- in addition to the informal use of the conference room on the availability
basis, four (4) one-day Review Meetings involving up to ten (10) persons may be
held during the 4-month period.
- if the number of Review Meetings increases exceeds this number, Lessor will
charge Lessee a fair and reasonable fee for additional use of the Conference
Room for review meetings.
8. LIMITED BUILDING SECURITY.
It is understood that Lessor does not have any other special security measures
other than an alarm system to protect the building and property from burglary.
Lessor shall not be liable for any loss or damage to the Lessee's property or
documents.
Lessee will be responsible for the police fees arising from the false alarms
caused by the Lessee's personnel.
9. CONFIDENTIALITY. Lessee shall sign the enclosed Lessor's standard
Nondisclosure Agreement as a part of this Lease, Lessor shall also sign a
similar Lessee's Confidentiality Agreement if the Lessee so requests.
Signed at Irvine, California on December 13, 1996 .
LESSOR: LESSEE:
TESLAco by HiEnergy Microdevices, Inc. by
/s/ Xxxxxxxxx Xxxxxxxxx /s/ Xxxxxx X. Xxxxxxx
Xxxxxxxxx Xxxxxxxxx Xxxxxx X. Xxxxxxx
President Chairman
