**EXHIBIT 10.25**

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**DAIMLERCOMMERCE PARTNERS, L.P.2008 INDUSTRIAL REAL ESTATE LEASE**

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This Lease is enteredinto by DAIMLER COMMERCE PARTNERS, L.P., a California Limited Partnership byits General Partner, CONIFER INVESTMENTS, INC. (LANDLORD) and SRS LABS, INC., aCalifornia Corporation (TENANT) on the following terms and conditions:

 

RECITALS

 

# A.            LANDLORD is a California LimitedPartnership which owns the industrial building located at 2905 to 2917 DaimlerStreet, Santa Ana, California. The General Partner of the LANDLORD is ConiferInvestments, Inc., a California Corporation. The principal place ofbusiness of the LANDLORD is located at 2905 South Daimler Street, Santa Ana,California 92705-5810.

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# B.            TENANT is a California Corporationwith its principal place of business located at 2909 South Daimler Street,Santa Ana, California 92705-5810.

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# C.            On June 1,1994. LANDLORD andTENANT entered into a three year written lease for the premises located at 2909South Daimler Street, Santa Ana, California consisting of approximately 11,700square feet. The lease commenced on June 1,1994 and terminated on May 31,1997. The June 1, 1994 lease was entitled DAIMLER COMMERCE PARTNERS, L.P.INDUSTRIAL REAL ESTATE LEASE and consisted of thirteen (13) pages and twoexhibit pages and was a Multi-Tenant Net Form published by theSouthern California Chapter of the Society of Industrial and Office Realtors.

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# D.            On June 1,1997 the LANDLORD andTENANT entered into a new lease for the premises located at 2909 South DaimlerStreet, Santa Ana, California with the lease premises consisting ofapproximately 23,400 square feet, with the lease term to be for three yearscommencing on June 1,1997 and terminating on May 31,2000, with anoption to extend the lease for two years commencing June 1,2000 and endingMay 31,2002.  The terms andconditions of the lease were set forth in the June 1,1994 lease asmodified by a two page document entitled Lease Terms and Conditions dated May 31,1997 with the lease term commencing on June 1,1997. (“the 1997 Lease”)

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# E.             On May 31,2000 the TENANTexercised its option to extend the 1997 lease for the premises located at 2909South Daimler Street, Santa Ana. California for a two year period as providedin the 1997 Lease.

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# F.             On May 31,2002 the TENANTentered into a new lease for the premises located at 2909 South Daimler Street,Santa Ana, California with the lease premises to consisting of approximately23,400 square feet, with the lease term to be for three years commencing on June I,2002 and terminating on May 01,2005, with an option to extend the leasefor three years commencing on June 1, 2005 and ending May 31,2008.The terms and conditions of the lease were set forth in the June 1, 1994lease as modified by a two page document entitled Lease Terms and Conditionsdated May 31,2002 with the lease term commencing on June 1,2002. (“the2002 Lease”)

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# G.            LANDLORD and TENANT are desirous ofentering into a new lease for the premises located at 2909 South DaimlerStreet, Santa Ana, California with the lease premises consisting ofapproximately 23,400 square feet, with the lease to be for five yearscommencing on June I, 2008 and terminating on May 31,2013, with anoption to extend the lease for an additional three year term commencing on June 1,2013 and terminating on May 31,2016. (‘‘the 2008 Lease”)

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**2008LEASE TERMS AND CONDITIONS**

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LANDLORD and TENANThereby enter intothe2008 Lease of the premises located at 2909 South DaimlerStreet, Santa Ana California 92705-5810 on the following terms and conditions.

 

**ARTICLEI: TERMS OF LEASE**

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The LANDLORD and TENANThereby agree that the terms and conditions of this lease shall be the sameterms and conditions as the DAIMLER COMMERCE PARTNERS, L.P. INDUSTRIAL REALESTATE LEASE dated June 1,1994 that was entered into by the LANDLORD andTENANT for the leased premises located at 2909 South Daimler Street, Santa Ana,California 92705-5810 and as modified herein. The June 1, 1994 Leaseconsists of thirteen (13) pages and two exhibit 

 

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pages entitled“Daimler Commerce Partners, L. P. Industrial Real Estate Lease” with thesubheading of “Multi-Tenant Net Form” published by the Southern CaliforniaChapter of the Society of Industrial and Office Realtors, Inc., isattached hereto as Exhibit “A” and is incorporated herein with the followingmodifications:

 

**Section 1.01: Date of Lease:**June 1,2008

 

**Section 1.04: Property:**The Property is approximately 23,400 square feet located at 2909 South DaimlerStreet. Santa Ana, California 92705-5810.

 

**Section 1.05:**Lease Term: Five (5) years and zero (0) months beginning June 1, 2008and terminating on May 31,2013.

 

**Section 1.12a: Base Rent:**The base rental rate for the period of June 1, 2008 through May 31,201 1 shall be $.85 per square feet per month which is a base monthly rentalrate of $19,890%0 per month. Commencing June 1,201 1 and continuingthrough May 31, 2013 the base monthly rent shall be $.89 per square feetper month which is a base monthly rental rate of $20,826.00’ber month.

 

**Section 1.12b: OtherPeriodic Payments:**The Lease is a TripleNet (NNN) lease with TENANT’S pro rata share of common area expenses being 50%of the total building size of 46,800 square feet (Section 4.05). OtherTenant expenses include Real Property Taxes (Section 4.02); Utilities (Section 4.03);Insurance Premiums (Section 4.04); and Conditions of Property,Maintenance, Repairs and Alterations (Article Six).

 

**Section 1.14a:****Tenant Improvement Allowance:** Thissection of the June I, 1994 lease is deleted from this lease.

 

**Section 1.14b: LeaseCancellation:** This section of the June 1,1994 lease is deleted from this lease.

 

**Section 1.15: Other Terms ofLease:** The other t e n s andconditions of the June 1,1994 Lease that are not modified by the abovereferenced sections are incorporated into this lease by the LANDLORD and TENANTas if set forth in detail herein. A copy of the June 1,1994 Lease isattached hereto as Exhibit 1 and is incorporated herein by reference andis made a part of this lease.

 

**ARTICLE16 OPTION TO EXTEND THE LEASE**

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**Section 16.01: Option toRenew Lease:** The TENANT Is grantedan option to extend the lease for three (3) additional years commencing onJune 1, 2013 and terminating on May 31, 2016. In order to exercisethe option to extend the lease the TENANT must be in full compliance with allof the terms and conditions of the lease on the date of the exercise of theoption to extend the lease and on the termination date of the original term ofthis lease. In order to exercise the option to extend the lease the TENANTshall notify the LANDLORD in writing of the exercise of the option to extendthe lease at least six (6) months prior to the termination date of theoriginal term of this lease which is May 31,2013.

 

**Section 16.02: Base RentalRate:** In the event the TENANTextends the lease for the three (3) year period of time, the lease shallbe extended on the same terms and conditions as this lease with the exceptionthat the base monthly rental rate shall be $.91 per square foot per month plusthe Triple Net (NNN) terms of the lease. with the new base monthly rental rateof $21,294.00 per month commencing on June I, 201 3 and continuing eachmonth thereafter through May 31,2016.

 
| ** ** |              |       | **LANDLORD**                                                              |
|------------|-------------------|------------|---------------------------------------------------------------------------|
| ** ** | ** **        | ** ** | ** **                                                                |
| ** ** | ** **        | ** ** | **DAIMLER  COMMERCE PARTNERS   L.P., a CALIFORNIA LIMITED   PARTNERSHIP** |
|       |              |       |                                                                      |   |
|       |              |       |                                                                      |   |
| Dated:     | May 31, 2008 |       |                                                                      | /s/ Misako Yuen |
|       |              |       | By:                                                                       | Misako Yuen,   President of   Conifer Investments Inc., its   General Partner |

 

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| ** ** |              |       | **TENANT**          |
|------------|-------------------|------------|---------------------|
| ** ** |              |       | ** **          |
| ** ** | ** **        | ** ** | **SRS LABS,  INC.** |
| ** ** | ** **        | ** ** | ** **          | ** ** |
| ** ** | ** **        | ** ** | ** **          | ** ** |
| Dated:     | May 27, 2008 |       |                | /s/ Ulrich E. Gottschling |
|       |              |       | By:                 | Ulrich E. Gottschling   Chief Financial Officer |

 

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