AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION
STANDARD INDUSTRIAL/COMMERCIAL SINGLE-TENANT LEASE-NET
(Do not use this form for Multi-Tenant Property)
1. BASIC PROVISIONS ("BASIC PROVISIONS")
1.1 PARTIES: This Lease ("LEASE"), dated for reference purposes only, January 2, 1996, is made by and
between The J. David Gladstone Institutes, a charitable trust organized and existing under the laws of California
("LESSOR") and BMI Acquisition Group, Inc., a California corporation ("LESSEE"), (collectively the
"PARTIES," or individually a "PARTY").
1.2 PREMISES: That certain real property, including all improvements therein or to be provided by Lessor under
the terms of this Lease, and commonly known by the street address of 6610 Nancy Ridge Drive, located in the
County of San Diego, State of California, and generally described as (describe briefly the nature of the property)
approximately 33,938 square feet of improved space
("PREMISES"). (See Paragraph 2 for further provisions.)
1.3 TERM: Five (5) years and Zero (0) months ("ORIGINAL TERM") commencing as provided in Section 1 of
the Addendum and ending on the date which is five
(5) years after the Commencement Date ("EXPIRATION DATE"). (See Paragraph 3 for further provisions.)
1.4 EARLY POSSESSION: Not applicable. (See Paragraphs 3.2 and 3.3 for further provisions).
1.5 BASE RENT: $16,969.00 per month ("BASE RENT"), payable on the first day of each month commencing
on the Commencement Date and increasing to the following amounts on the annual anniversaries of the
Commencement Date: first anniversary $17,647.76, second anniversary $18,353.67, third anniversary
$19,087.82, and fourth anniversary $19,851.33 (See Paragraph 4 for further provisions.)
[_] If this box is checked, there are provisions in this Lease for the Base Rent to be adjusted.
1.6 BASE RENT PAID UPON EXECUTION: $16,969.00 as Base Rent for the period of the first full calendar
month of the Term.
1.7 SECURITY DEPOSIT: $16,969.00 ("SECURITY DEPOSIT"). (See Par