AIR COMMERCIAL REAL ESTATE ASSOCIATION
MULTI-TENANT LEASE – GROSS
1. Basic Provisions (“Basic Provisions”).
1.1 Parties: This Lease (“Lease”) , dated for reference purposes only April 23, 2008 , is made by and between KLP Properties,
Inc, a California corporation (“Lessor”) and DURECT Corporation, a Delaware corporation (“Lessee”) , (collectively the
“Parties” , or individually a “Party” ).
1.2(a) Premises: That certain portion of the Project (as defined below), including all improvements therein or to be provided by
Lessor under the terms of this Lease, commonly known by the street address of 830 Eubanks Drive, Suites A, B & C , located in
the City of Vacaville , County of Solano , State of California , with zip code 95688 , as outlined on Exhibit A attached hereto
(“Premises”) and generally described as (describe briefly the nature of the Premises): approximately ±24,634 square feet of
office and warehouse space within a larger ±42,663 square foot building.
In addition to Lessee’s rights to use and occupy the Premises as hereinafter specified, Lessee shall have non-exclusive rights to
any utility raceways of the building containing the Premises (“ Building ”) and to the Common Areas (as defined in Paragraph
2.7 below), but shall not have any rights to the roof, or exterior walls of the Building or to any other buildings in the Project. The
Premises, the Building, the Common Areas, the land upon which they are located, along with all other buildings and
improvements thereon, are herein collectively referred to as the “ Project .” (See also Paragraph 2)
1.2(b) Parking : (See Addendum I, Paragraph 55) unreserved vehicle parking spaces. (See also Paragraph 2.6)
1.3 Term : Five (5) years and -0- months (“Original Term”) commencing September 1, 2008 (“Commencement Date”) and
ending August 31, 2013 (“Expiration Date”) . (See also Paragraph 3)
1.4 Early Possession : N/A (“Early Possession Date”) . (See also Paragraphs 3.2 and 3.3)
1.5 Base Re