Document:

Exhibit 10.7

                                INDUSTRIAL LEASE

THIS LEASE is made this 21st day of July, 2004, by and between WDCI, INC., a
Hawaii corporation ("Landlord") and Rubicon Medical Inc., a Utah corporation
("Tenant"):

1. BASIC TERMS.

         1.01     Basic Terms.

                  (A)      Landlord: WDCI, INC., a Hawaii corporation.

                  (B)      Tenant: Rubicon Medical, Inc., a Utah corporation.

                  (C)      Address of Tenant: 3598 West 1820 South, Salt Lake
                           City, Utah 84109

                  (D)      Premises: Space in the industrial building located at
                           3598 West 1820 South, Salt Lake City, Utah, which
                           Premises are outlined on Exhibit A attached hereto
                           for the purposes of identification.

                  (E)      Building: The Building in which the Premises are
                           located.

                  (F)      Project: A warehouse complex including all
                           improvements and appurtenances thereto known as
                           "Centennial Plaza" and located in Salt Lake City,
                           Utah, such complex depicted and described on Exhibit
                           A attached hereto.

                  (G)      Lease Term: Twenty Four (24) months.

                  (H)      Rent: All sums, moneys, or payments are required to
                           be paid by Tenant to Landlord pursuant to the terms
                           of this Lease, including Sections 5, 21.01, 21.02,
                           and 21.03.

                  (I)      Base Rent: Base Rent shall be in accordance with the
                           following schedule:

                                 Months                   Monthly Base Rent
                                 ------                   -----------------
                                 1 - 12                       $9,675.00
                                13 - 24                      $10,295.00

                  (J)      Security Deposit: $10,295.00

                  (K)      Tenant's Proportionate Share: 12.90%.

                  (L)      Estimated Initial Monthly Common Expenses: $1,365.00

                  (M)      Estimated Initial Monthly Real Estate Tax Charge:
                           $1,181.25

                  (N)      Permitted Use: Office and General Manufacturing.

1.02     Effect of Reference to Basic Terms. Effect of Reference to Basic Terms.
         Each reference in this Lease to any of the Basic Terms contained in
         Section 1.01 shall be construed to incorporate into such reference the
         respective definition for such Basic Term set forth in Section 1.01
         above.

2. PREMISES.

2.01     Lease. In consideration of the rents, covenants, agreements, and
         conditions hereinafter provided to be paid, kept, performed, and
         observed, Landlord leases to Tenant and Tenant hereby hires from
         Landlord the Premises described in Section 1.01D.

2.02     Reservations by Landlord. Landlord excepts and reserves the roof and
         exterior walls of the Building, and further reserves the right to
         place, install, maintain, carry through, repair, and replace such
         utility lines, pipes, wires, appliances, tunneling, and the like in,
         over, through, and upon the Premises as may be reasonably necessary or
         advisable for the servicing of the Premises or any other portions of
         the Project.

Notwithstanding any provision in this Lease to the contrary, it is agreed that
Landlord reserves the right, without invalidating this Lease or modifying any
provision thereof, at any time, and from time to time, (i) to make alterations
changes, and additions to the Building and other improvements in the Project
(including, without limitation, the Building in which the Premises are located),
(ii) to add additional areas and buildings to the Project and/or to exclude
areas therefrom, (iii) to construct additional buildings and other improvements
in the Project, (iv) to remove or relocate the whole or any part of any building
or other improvement in the Project, and (v) to relocate any other tenant in the
Project. It is further understood that the existing layout of the buildings,
walks, roadways, parking areas, entrances, exits, and other improvements shall
not be deemed to be a warranty, representation, or agreement on the part of
Landlord that the Project shall remain exactly as presently built, it being
understood and agreed that Landlord may change the number, dimensions, and
locations of the walks, buildings, and parking spaces as Landlord shall deem
proper.

3. USE.

The Premises hereby leased shall be used by Tenant for the purpose specified in
Section 1.01N and for no other purposes. Landlord makes no representation to
Tenant that the use limited in this Section 3 constitutes a lawful use under
applicable zoning regulations, or that the lawful uses for the Premises as of
the date of this Lease shall not change during the Lease Term. Tenant shall, at
its own expense, comply promptly with all applicable statutes, ordinances,
rules, regulations, orders, and requirements in effect during the Term or any
part of the Term hereof regulating the use by Tenant or condition of the
Premises. Tenant shall not use or permit the use of the Premises in any manner
that will tend to create waste or a nuisance, or which will tend to unreasonably
disturb other tenants in the Project. Tenant shall not place a load upon the
floor of the Building which exceeds that load per square foot which such floor
was designed to carry or which is allowed by law. Tenant, its employees, and all
persons visiting or doing business with Tenant in the Premises shall be bound by
and shall observe the Rules and Regulations attached to this Lease as Exhibit B,
and such further and other reasonable Rules and Regulations made hereafter by
Landlord relating to the Project or the Premises, of which notice in writing
shall be given to Tenant, and all such Rules and Regulations shall be deemed to
be incorporated into and form a part of this Lease. Tenant shall be solely
responsible for providing security for the Premises, and for Tenant, its agents,
employees, contractors, customers, invitees, and others within the Premises.
Landlord shall have no responsibility therefor.

4.       TERM.

4.01     Term of Lease. To have and to hold the leased Premises for and during
         the Lease Term described in Section 1.01G, commencing on the
         Commencement Date (defined in Section 4.02 below), subject to the
         payment of the Rent and the full and timely performance by Tenant of
         the covenants and conditions hereinafter set forth.

4.02     Commencement Date. As used in this Lease, the term "Commencement Date"
         shall mean the date the Premises are Ready for Occupancy (as defined in
         Section 4.04 below). If the Commencement Date occurs on other than the
         first day of a month, Tenant shall pay Base Rent at the same monthly
         rate for such partial month (also in advance), any periods for rent
         adjustments shall be measured from the first day of the calendar month
         in which the Commencement Date falls and all other terms and conditions
         of this Lease shall be in force and effect during such partial month.
         As soon as the Commencement Date is established Landlord and Tenant
         shall execute a Commencement Date Memorandum in the form of attached
         Exhibit C, which may be requested by either party, setting forth the
         exact Commencement Date and the Expiration Date to provide for the full
         term referenced in Section 1.01G from the Commencement Date.
         Notwithstanding anything contained in this Section 4.02 to the
         contrary, it is understood and agreed that at such time as Tenant
         occupies all or any portion of the Premises for the purposes permitted
         or allowed in this Lease, its Rental obligation shall commence.

4.03     Landlord's Work. Landlord agrees to perform the work described in
         Exhibit D hereto ("Landlord's Work"). Other than Landlord's Work,
         Landlord shall have no obligation for the completion or repair of the
         Premises and Tenant shall accept the Premises in its "as is" condition
         on the date Landlord delivers possession of the Premises to Tenant in
         accordance with the provisions of this Lease.

4.04     Ready for Occupancy; Delay in Delivery. Landlord shall deliver and
         Tenant shall accept possession of the Premises at such time as the
         Premises is Ready for Occupancy. If the Premises, or any portion, is
         not "Ready for Occupancy" on the Commencement Date, Rent and other sums
         owing under this Lease attributable to the Premises shall not commence
         until the Premises is Ready for Occupancy. The postponement of Rent and
         other sums herein provided to be paid by Tenant attributable to such
         space for any period prior to the delivery to Tenant of such space
         Ready for Occupancy shall be in full settlement of all claims which
         Tenant might otherwise have by reason of such space not being Ready for
         Occupancy on the Commencement Date. "Ready for Occupancy" as used
         herein shall mean the date that Landlord shall have substantially
         completed Landlord's Work, subject only to the completion of "punch
         list" items of a minor nature. The issuance of a temporary certificate
         of occupancy for such space (or its equivalent), or certification by
         Landlord's contractor, architect or space planner verifying substantial
         completion of Landlord's Work shall conclusively control the date upon
         which the space is Ready for Occupancy and the commencement of Tenant's
         obligation to pay Rent. In the event Tenant's acts or omission delay
         the completion of Landlord's Work, Landlord's Work shall be deemed
         Ready for Occupancy on the date Landlord's Work would have been
         substantially completed in the absence of Tenants acts or omission that
         caused the delay. Notwithstanding anything in the foregoing to the
         contrary, should Landlord fail to have the Premises Ready for Occupancy
         within one hundred eighty (180) days after the date of this Lease (such
         date extended if failure to have the Premises Ready for Occupancy is
         due to Force Majeure, as referenced in Section 14), then Tenant shall
         have the option to terminate this Lease upon written notice (which
         shall be delivered if at all within fifteen (15) days after the date
         Tenant is entitled to terminate the Lease pursuant to this Section and
         if not timely delivered, then Tenant's termination right shall lapse),
         the effective date of termination to be at least thirty (30) days after
         the date of delivery of Tenant's notice; provided, however, should
         Landlord have the Premises Ready for Occupancy prior to the date set
         forth in Tenant's notice then such termination notice shall be of no
         force and effect and this Lease shall continue in full force and effect
         between the parties. In the event this Lease is terminated as provided
         immediately above, then neither Landlord nor Tenant shall have any
         claim or obligation to the other by reason of this Lease or the
         termination thereof.

4.05     Early Possession. Tenant shall be permitted to enter the Premises after
         the later of (i) full execution and delivery of this Lease or (ii) the
         vacation of the Premises by the existing tenant, and prior to the
         Commencement Date without the obligation for payment of rent for the
         purpose of installing fixtures and equipment; provided that (a) Tenant
         will not interfere with Landlord's construction of the Landlord's Work,
         (b) Tenant first provides Landlord with all insurance required by the
         terms of this Lease, and (c) all construction by Tenant shall be
         performed in accordance with the terms of this Lease. Without limiting
         any other provision of this Lease, Landlord shall not be responsible
         for damages or loss to any work performed by Tenant or to Tenant's
         personal property or the personal property of Tenant's contractor's,
         employees or agents which occurs during such period of early access.

5. BASE RENT.

         Tenant agrees to pay Landlord the Base Rent set out in Section 1.01I
for the full Term. The first full monthly installment of Base Rent shall be
payable upon the execution of this Lease by Tenant. Thereafter, each succeeding
monthly installment shall be due and payable on or before the first day of each
and every successive calendar month during the Term. In the event the Term of
this Lease ends on a date other than the last day of a month, the last monthly
payment of Base Rent shall be in a pro rata portion of the then applicable Base
Rent for such partial month based on the number of days in such partial month
prior to and including the last day of the Term of this Lease.

         The Base Rent and all other Rent or other charges provided for herein
shall be paid to Landlord without deduction or offset, and in lawful money of
the United States of America to such persons and at such place as Landlord may
from time to time designate in writing. For purposes of rent adjustment under
the Lease, the number of months is measured from the first day of the calendar
month in which the Commencement Date falls. Landlord and Tenant agree for tax
reporting purposes that none of the Base Rent due in periods in which the Base
Rent is not being abated shall be allocated to any other period.

6. UTILITIES AND SERVICES.

         Tenant shall contract in its own name and pay for all charges for
water, sewer, electricity, gas, fuel, telephone, trash hauling, and any other
services or utilities used in, servicing, or assessed against the Premises,
unless otherwise herein expressly provided.

7. QUIET ENJOYMENT.

         Landlord covenants that Tenant, on paying the Rent herein provided, and
on keeping, performing, and observing the covenants, agreements, and conditions
herein required of Tenant, shall peaceably and quietly hold and enjoy the
Premises for the Term aforesaid, subject, however, to the terms of this Lease.

8. ASSIGNMENT AND SUBLETTING.

8.01     No Assignments. Except as expressly permitted in this paragraph, Tenant
         shall not, without the prior written consent of Landlord, which
         Landlord agrees will not unreasonably be withheld, assign or
         hypothecate this Lease or any interest herein or sublet the Premises or
         any part thereof, or permit the use of the Premises by any party other
         than Tenant. Any of the foregoing acts without such consent shall be
         void and shall, at the option of Landlord, terminate this Lease. This
         Lease shall not, nor shall any interest herein, be assignable as to the
         interest of Tenant by operation of law without the written consent of
         Landlord, which consent shall not be unreasonably withheld. A transfer
         of a majority interest or control of the stock or capital or member
         interest of Tenant shall be deemed an assignment under this Lease
         requiring Landlord's consent.

8.02     Limits on Subletting. No sublease shall be made without the prior
         written consent of Landlord, which consent Landlord agrees will not
         unreasonably be withheld. If at any time or from time to time during
         the term of this Lease, Tenant desires to sublet all or any part of the
         Premises, Tenant shall give notice to Landlord setting forth the terms
         of the proposed subletting and the space so proposed to be sublet and
         such additional information concerning the subtenant as Landlord may
         request, including, without limitation, the name of the proposed
         subtenant; the nature of the proposed subtenant's business to be
         carried on in the Premises; the terms and provisions of the proposed
         sublease and a copy of the proposed sublease form; and such financial
         information, including financial statements, as Landlord reasonably may
         request concerning the proposed subtenant. Landlord shall have the
         option, exercisable by notice given to Tenant within ninety (90) days
         after Tenant's notice is given, either to sublet from Tenant such space
         at the rental and other terms set forth in Tenant's notice, or, if the
         proposed subletting is for the entire Premises and for the substantial
         balance of the Term of this Lease, to terminate this Lease. If Landlord
         does not elect to terminate and has consented to such sublease, Tenant
         shall be free to sublet such space to any third party subject to the
         following conditions:

         1.       The sublease shall be on the same terms set forth in the
                  notice given to Landlord;

         2.       No sublease shall be valid and no sublessee shall take
                  possession of the Premises subleased until an executed
                  counterpart of such sublease has been delivered to Landlord;

         3.       No sublessee shall have a right further to sublet; and

         4.       One hundred percent (100%) of any sums or other economic
                  consideration received by Tenant as a result of such
                  subletting (excluding brokerage commissions amortized over the
                  term of the sublease and rental or other payments received by
                  Tenant which are attributable to the amortization of the costs
                  of leasehold improvements, other than building standard tenant
                  improvements, made by Tenant to the sublet portion of the
                  Premises) whether denominated as rentals under the sublease or
                  otherwise and which exceed, in the aggregate, the total sums
                  which Tenant is obligated to pay Landlord under this Lease
                  (prorated to reflect Tenant's obligation to pay rent under
                  this Lease allocable to that portion of the Premises subject
                  to such sublease) shall be payable to Landlord.

8.03     Permitted Assignment/Subletting. Notwithstanding the provisions of
         Sections 8.01 and 8.02 above, Tenant may assign this Lease or sublet
         the Premises or any portion thereof, without Landlord's consent and
         without extending any option to Landlord, to any corporation which
         controls, is controlled by or is under common control with Tenant, or
         to any corporation resulting from the merger or consolidation with
         Tenant or Tenant's Parent, or to any person or entity which acquires
         all the stock or assets of Tenant or Tenant's Parent provided that said
         assignee (i) assumes each and every obligation of Tenant under this
         Lease and (ii) such assignee has a tangible net worth that equals or
         exceeds Tenant's tangible net worth on the date of this Lease or on the
         date of the transfer, whichever is greater.

8.04     Tenant Not Released. Regardless of Landlord's consent, no subletting or
         assignment shall release Tenant of Tenant's obligations hereunder or
         alter the primary liability of Tenant to pay the Rent and to perform
         all other obligations to be performed by Tenant hereunder. The
         acceptance of Rent by Landlord from any other person shall not be
         deemed to be a waiver by Landlord of any provision hereof. Consent to
         one assignment or subletting shall not be deemed consent to any
         subsequent or different assignment or subletting. In the event of
         default by any assignee of Tenant or any successor of Tenant in the
         performance of any of the terms hereof, Landlord may proceed directly
         against Tenant without the necessity of exhausting remedies against
         such assignee or successor.

8.05     Attorney Fees. In the event Tenant shall assign or sublet the Premises
         or request the consent of Landlord to any assignment or subletting or
         if Tenant shall request the consent of Landlord for any act that Tenant
         proposes to do, then Tenant shall pay Landlord's actual attorney fees
         incurred in connection therewith.

9. DAMAGE OR DESTRUCTION.

9.01     Definitions.

                  "Premises Partial Damage" shall herein mean damage or
         destruction to the Premises to the extent that the cost of repair is
         less than fifty percent (50%) of the then replacement cost of the
         Premises.

                  "Premises Building Partial Damage" shall herein mean damage or
         destruction to the Building of which the Premises are a part to the
         extent that the cost of repair is less than fifty percent (50%) of the
         then replacement cost of such Building as a whole.

                  "Premises Total Destruction" shall herein mean damage or
         destruction to the Premises to the extent that the cost of repair is
         fifty percent (50%) or more of the then replacement cost of the
         Premises.

                  "Premises Building Total Destruction" shall herein mean damage
         or destruction to the Building of which the Premises are a part to the
         extent that the cost of repair is fifty percent (50%) or more of the
         then replacement cost of such Building as a whole.

                  "Insured Loss" shall herein mean damage or destruction which
         was caused by an event required to be covered by insurance carried by
         Landlord and the proceeds payable under such insurance policy are
         sufficient to pay in full the cost to repair and restore such damage
         and destruction.

9.02     Partial Damage - Insured Loss. Subject to the provisions of Section
         9.04, 9.05, and 9.06 hereof, if at any time during the term of this
         Lease there is damage which is an Insured Loss and which falls into the
         classification of Premises Partial Damage or Premises Building Partial
         Damage, then Landlord shall, at Landlord's expense, repair such damage,
         but not Tenant's fixtures, equipment or tenant improvements unless the
         same have become a part of the Premises pursuant to the terms of the
         Lease as soon as reasonably practicable and this Lease shall continue
         in full force and effect.

9.03     Partial Damage - Uninsured Loss. Subject to the provisions of Section
         9.04, 9.05 and 9.06 below, if at any time during the term of this Lease
         there is damage which is not an Insured Loss and which falls within the
         classification of Premises Partial Damage or Premises Building Partial
         Damage, unless caused by a negligent or willful act of Tenant (in which
         event Tenant shall make the repairs at Tenant's expense), Landlord may
         at Landlord's option either (i) repair such damage as soon as
         reasonably possible at Landlord's expense, in which event this Lease
         shall continue in full force and effect, or (ii) give written notice to
         Tenant within thirty (30) days after the date of the occurrence of such
         damage of Landlord's intention to cancel and terminate this Lease, as
         of the date of the occurrence of such damage. In the event Landlord
         elects to give such notice of Landlord's intention to cancel and
         terminate this Lease, Tenant shall have the right within ten (10) days
         after the receipt of such notice to give written notice to Landlord of
         Tenant's intention to repair such damage at Tenant's expense, without
         reimbursement from Landlord, in which event this Lease shall continue
         in full force and effect, and Tenant shall proceed to make such repairs
         as soon as reasonably possible. If Tenant does not give such notice
         within such ten (10) day period this Lease shall be canceled and
         terminated as of the date of the occurrence of such damage.

9.04     Total Destruction. If at any time during the term of this Lease there
         is damage, whether or not an Insured Loss (including destruction
         required by any authorized public authority), which falls into the
         classification of Premises Total Destruction or Premises Building Total
         Destruction, this Lease shall automatically terminate as of the date of
         such total destruction.

9.05     Damage Near End of Term. If at any time during the last six (6) months
         of the term of this Lease there is damage, whether or not an Insured
         Loss, which falls within the classification of Premises Partial Damage,
         Landlord may at Landlord's option cancel and terminate this Lease as of
         the date of occurrence of such damage by giving written notice to
         Tenant of Landlord's election to do so within thirty (30) days after
         the date of occurrence of such damage.

9.06     Abatement of Rent; Tenant's Remedies. In the event of damage described
         in Sections 9.02, or 9.03 hereof, and Landlord or Tenant repairs or
         restores the Premises pursuant to the provisions of this Section 9, the
         Rent payable hereunder for the period during which such damage, repair
         or restoration continues shall be abated in proportion to the degree to
         which Tenant's use of the Premises is impaired. Except for abatement of
         Rent, if any, Tenant shall have no claim against Landlord for any
         damage suffered by reason of any such damage, destruction, repair or
         restoration. If Landlord shall be obligated to repair or restore the
         Premises under the provisions of this Section 9 and shall not commence
         such repair or restoration within thirty (30) days after such
         obligations shall accrue, Tenant may, at Tenant's option, cancel and
         terminate this Lease by giving Landlord written notice of Tenant's
         election to do so at any time prior to the commencement of such repair
         or restoration. In such event this Lease shall terminate as of the date
         of such notice.

9.07     Termination - Advance Payments. Upon termination of this Lease pursuant
         to this Section 9, an equitable adjustment shall be made concerning
         advance rent and any advance payments made by Tenant to Landlord.
         Landlord shall, in addition, return to Tenant so much of Tenant's
         Security Deposit as has not theretofore been applied by Landlord.

9.08     Waiver. Landlord and Tenant waive the provisions of any statutes which
         relate to termination of leases when leased property is destroyed and
         agree that such event shall be governed by the terms of this Lease.

10. LANDLORD'S RIGHTS.

Landlord reserves the following rights:

         1.       To change the name of the Building or the Project without
                  notice or liability of Landlord to Tenant;

         2.       At any time during the last ninety (90) days of the Term of
                  this Lease or any renewal hereof or any part hereof, if during
                  or prior to that time, Tenant has vacated the Premises, to
                  decorate, remodel, repair, alter, or otherwise prepare the
                  Premises for occupancy;

         3.       To exhibit the Premises to others and to display "For Rent"
                  signs on the Premises during the last ninety (90) days of the
                  Term of this Lease or any renewal hereof;

         4.       To remove from the parking lot abandoned or unlicensed
                  vehicles and vehicles that are unreasonably interfering with
                  the use of said parking lot by others and to charge the
                  responsible tenant for the expense of removing said vehicles;
                  and

         5.       To take any and all measures, including making inspections,
                  repairs, alterations, additions, and improvements to the
                  Premises or Project as may be necessary or desirable for the
                  safety, protection, or preservation of the Premises or the
                  Project or Landlord's interests, or as may be necessary or
                  desirable in the operation of the Premises or the Project.

Landlord may enter upon the Premises for the purpose of exercising any or all of
the foregoing rights hereby reserved without being deemed guilty of an eviction
or disturbance of Tenant's use or possession of the Premises and without being
liable in any manner to the Tenant.

11. HOLDING OVER.

In the event of a holding over by Tenant after the expiration or termination of
this Lease without the written consent of Landlord, Tenant shall be deemed a
month to month tenant upon all of the provisions of the Lease pertaining to the
obligations of Tenant excepting, however, any option to renew extend or expand
contained in this Lease, at 150% of the Base Rent for the entire holdover
period, and all attorney fees and other expenses incurred by Landlord in
enforcing its rights hereunder. Any holding over with the consent of Landlord
shall constitute Tenant a month-to-month Tenant at the same Base Rent and all
other Rent paid or payable by Tenant for the last full month of this Lease or
any renewal or extension hereof.

12. SIGNS AND ADVERTISEMENTS.

         Tenant shall not put upon nor permit to be put upon or affixed to any
part of the Premises or Project any signs, billboards, or advertisements of
whatsoever kind or nature, except as Landlord has specifically approved in
writing. Landlord hereby approves the signs of Tenant currently located on the
Premises.

13. EMINENT DOMAIN.

         If the Premises or any portion thereof (including parking spaces
allotted thereto) are taken under the power of eminent domain, or sold under the
threat of the exercise of said power (all of which are herein called
"condemnation"), this Lease shall terminate as to the part so taken as of the
date the condemning authority takes title or possession, whichever first occurs.
If more than ten percent (10%) of the floor area of the Premises, or more than
twenty five percent (25%) of the land area of the Project which is not occupied
by any building, is taken by condemnation and such taking materially interferes
with the conduct of or access to Tenant's business, Tenant may, at Tenant's
option, by written notice to Landlord within ten (10) business days after
Landlord shall have given Tenant written notice of such taking (or in the
absence of such notice, within ten (10) business days after the condemning
authority shall have taken possession) terminate this Lease as of the date the
condemning authority takes possession. If Tenant does not terminate this Lease
in accordance with the foregoing, this Lease shall remain in full force and
effect as to the portion of the Premises remaining, except that the Base Rent
shall be reduced in the proportion that the floor area of the Premises taken
bears to the total floor area of the Premises prior to such taking. No reduction
of Base Rent shall occur if the only area in the Project which is taken is that
which does not have a Building located thereon. Any award of the taking of all
or any part of the Premises under the power of eminent domain or any payment
made under threat of the exercise of such power shall be the property of
Landlord, whether such award shall be made as compensation for diminution in
value of the leasehold or for the taking of the fee, or as severance damages;
provided, however, that Tenant shall be entitled to any award for loss of or
damage to Tenant's trade fixtures and removable personal property, moving
expense and interruption of business so long as any such award does not diminish
Landlord's award. In the event that this Lease is not terminated by reason of
such condemnation, Landlord shall to the extent of severance damages received by
Landlord in connection with such condemnation, repair any damage to the Premises
caused by such condemnation except to the extent that Tenant has been reimbursed
therefor by the condemning authority. Tenant shall pay any amount in excess of
such severance damages required to complete such repair.

14. LANDLORD'S INABILITY TO PERFORM.

         If, by reason of inability to obtain and utilize labor, materials, or
supplies; circumstances directly or indirectly the result of a state of war, act
of terrorism or national or local emergency; laws, rules, orders, regulations,
or requirements of any governmental authority now or hereafter in force; strikes
or riots; or by reason of any other cause beyond the reasonable control of
Landlord (collectively "Force Majeure"), Landlord shall be unable to perform or
shall be delayed in the performance of any covenant to supply any service, such
nonperformance or delay in performance shall not render Landlord liable in any
respect for damages to either person or property, constitute a total or partial
eviction (constructive or otherwise), work an abatement of Rent, or relieve
Tenant from the fulfillment of any covenant or agreement contained in this
Lease.

15. ASSIGNMENT TO TRUSTEE.

         Neither this Lease nor any interest herein nor any estate hereby
created shall pass to any trustee or receiver in bankruptcy or to any other
receiver or assignee for the benefit of creditors, or otherwise by operation of
law during the term of this Lease or any renewal or extension of the term
hereof.

16. COMMON AREAS.

         The term "Common Areas" means all the areas of the Project not intended
for renting and, instead, designed for the common use and benefit of Landlord
and all of the tenants, their employees, agents, customers, and invitees. The
Common Areas include, but not by way of limitation, parking lots, truck courts,
landscaped and vacant areas, driveways, walks, and curbs, with facilities
appurtenant to each, as such areas may exist from time to time. Landlord
expressly reserves the right to add additional Common Area to the Project from
time to time. Landlord shall operate and maintain the Common Areas of the
Project, and the cost of same shall be reimbursed by Tenant to Landlord as
provided for in Section 21. Landlord may delegate its rights with regard to the
Common Area to an independent contractor or management company, which may be an
affiliate of Landlord. Landlord hereby grants the non-exclusive, revocable right
to use the Common Areas to Tenant, Tenant's employees, agents, customers, and
business invitees, which use shall be subject at all times to such reasonable,
uniform, and nondiscriminatory rules and regulations as may from time to time be
established by Landlord.

17. ACCEPTANCE OF PREMISES.

         Except as otherwise provided in this Lease, Tenant hereby accepts the
Premises in their condition existing as of the Commencement Date or the actual
date that Tenant takes possession of the Premises, whichever is earlier. Tenant
acknowledges that neither Landlord nor any agent of Landlord has made any
representation or warranty as to the present or future suitability of the
Premise for the conduct of Tenant's business.

18. MAINTENANCE, REPAIRS AND ALTERATIONS.

18.01    Maintenance and Care by Tenant. Tenant shall be responsible for all
         maintenance and repair to the Premises of whatsoever kind or nature
         that is not hereinafter set forth specifically as the obligation of
         Landlord. Tenant shall take good care of the Premises and fixtures, and
         keep them in good repair, free from filth, overloading, danger of fire,
         or any pest or nuisance, and shall repair any damage or breakage done
         by Tenant or its agents, employees, or invitees, including damage done
         to the Premises by Tenant's equipment and/or installations. Tenant
         shall be responsible for the repair and replacement of all glass and
         plate glass on the Premises. Tenant shall maintain and pay for a
         service contract with a licensed contractor for the upkeep,
         maintenance, repair, and periodic servicing of the heating,
         ventilating, and air conditioning systems servicing the Premises.
         Tenant shall supply Landlord, from time to time, such information as
         Landlord reasonably requests to verify the services being performed
         under the service contract. The Landlord, at Landlord's option, may
         elect to enter into a service contract with a firm reasonably
         acceptable to Tenant for the maintenance and periodic inspection of the
         heating, ventilating, and air conditioning equipment in which event
         Tenant shall within thirty (30) days of billing therefore, reimburse
         Landlord for the costs of such service contract allocated to the
         Premises. Notwithstanding any provision to the contrary contained
         herein, if the heating, ventilating and air conditioning equipment
         should cease to function and not be capable of repair, Landlord shall
         reimburse Tenant 50% of the cost to replace the same. In the event that
         Tenant fails to maintain the Premises as required herein, Landlord
         shall have the right, but not the obligation, to perform such
         maintenance and/or repairs, and Tenant shall, within thirty (30) days
         of the billing by Landlord, reimburse Landlord for Landlord's costs in
         providing such maintenance and/or repairs, together with a fifteen
         percent (15%) charge for Landlord's overhead. Upon termination of the
         Lease Tenant shall deliver the Premises to Landlord in a broom-clean
         condition.

18.02    Maintenance and Repair by Landlord. During the Term of this Lease,
         Landlord shall keep and maintain the roof, exterior walls (excluding
         glass or plate glass), gutters, and downspouts of the Building in good
         condition and repair. Landlord shall be under no obligation and shall
         not be liable for any failure to make repairs that are Landlord's
         responsibility as designated herein until and unless Tenant notifies
         Landlord in writing of the necessity therefor, and Landlord shall have
         a reasonable time after such notice to make such repairs. Landlord
         reserves the right to the exclusive use of the roof and exterior walls
         of the Building. If any portion of the Premises which Landlord is
         obligated to maintain or repair is damaged through the fault or
         negligence of Tenant, its agents, employees, or invitees, then repairs
         necessitated by such damage shall be paid for by Tenant on Landlord's
         demand. Except for the obligations of Landlord under Section 18.02
         (relating to the condition of the Premises), Section 9 (relating to
         destruction of the Premises) and under Section 13 (eminent domain), and
         Landlord's obligation to reimburse Tenant 50% of the cost of replacing
         the heating, ventilating and air conditioning system if it should cease
         to function and be incapable of repair, it is intended by the parties
         hereto that Landlord have no obligation, in any manner whatsoever, to
         repair and maintain the Premises nor the Building located thereon nor
         the equipment therein, whether structural or nonstructural, all of
         which obligations are intended to be that of Tenant under Section 18.01
         hereof. Tenant expressly waives the benefit of any statute now or
         hereinafter in effect which would otherwise afford Tenant the right to
         make repairs at Landlord's expense or to terminate this Lease because
         of Landlord's failure to keep the Premises in good order, condition and
         repairs.

18.03    Alterations and Additions. Tenant shall not make any alterations,
         improvements, or additions to the Premises without Landlord's prior
         written consent and approval of the plans and specifications.
         Alterations, improvements, or additions so made by either of the
         parties upon the Premises, except movable furniture and equipment
         placed in the Premises at the expense of Tenant, shall become the
         property of Landlord and shall remain upon and be surrendered with the
         Premises as a part thereof at the termination of this Lease, without
         disturbance, molestation, injury, or damage. In the event damage to the
         Building shall be caused by moving said furniture and/or equipment in
         or out of the Premises, such damage shall be repaired at the expense of
         Tenant. Any such alterations shall be made in compliance with all
         applicable laws, rules and regulations (including without limitation
         the Americans with Disabilities Act and other disabled person access
         requirements) to the extent applicable to such alterations or as may be
         required by any governmental authority in connection with such
         alterations. Tenant shall not make any installations or penetrations on
         the roof of the Building, except with Landlord s prior written consent
         and in strict compliance with the reasonable requirements of Landlord's
         roofing contractor. Landlord's consent to or approval of any
         alterations, additions or improvements (or the plans therefor) shall
         not constitute a representation or warranty by Landlord, nor Landlord's
         acceptance, that the same comply with sound architectural and/or
         engineering practices or with all applicable laws, and Tenant shall be
         solely responsible for ensuring all such compliance.

18.04    Mechanic's Liens. Tenant shall not permit any mechanic's liens or other
         liens to be placed upon the Premises, the Building, or the Project
         during the Term of this Lease, and in the case of the filing of any
         such lien, Tenant shall promptly pay same; however, Tenant shall have
         the right to contest the validity or amount of any such lien upon
         Tenant's prior posting of security with Landlord, which security, in
         Landlord's sole judgment, must be adequate to pay and discharge any
         such lien in full, plus Landlord's reasonable estimate of its legal
         fees. Tenant agrees to pay all legal fees that might be incurred by
         Landlord because of any mechanic's liens or other liens placed upon the
         Premises.

19.      INSURANCE.

19.01    Coverages Required. Tenant hereby agrees to maintain in full force and
         effect at all times during the term of this Lease, at its own expense,
         for the protection of Tenant and Landlord, as their interest may
         appear, policies of insurance issued by a responsible carrier or
         carriers licensed to do business in the State of Utah and which are
         rated A and have a financial size category of at least VIII in the most
         recent Best's Key Rating Guide, or any successor thereto (or if there
         is none, an organization having a national reputation), which afford
         the following coverages:

         (A)      commercial general liability insurance, including contractual
                  liability (specifically covering this Lease), fire legal
                  liability, and premises operations, with the following minimum
                  limits: General Aggregate $2,000,000.00; Products/Completed
                  Operations Aggregate $2,000,000.00; Each Occurrence
                  $1,000,000.00; Personal and Advertising Injury $1,000,000.00;
                  Medical Payments $5,000.00 per person;

         (B)      Umbrella/Excess Liability on a following form basis with the
                  following minimum limits: General Aggregate $10,000,000.00;
                  Each Occurrence $10,000,000.00;

         (C)      Workers' Compensation with statutory limits;

         (D)      Employer's Liability insurance with the following limits:
                  Bodily injury by disease per person $1,000,000.00; Bodily
                  injury by accident policy limit $1,000,000.00; Bodily injury
                  by disease policy limit $1,000,000.00;

         (E)      A "causes of loss, special form of insurance" policy, commonly
                  referred to in the industry as an "all risk, fire and extended
                  coverage" policy, with vandalism and malicious mischief
                  endorsements, covering Tenant's furniture, equipment, and
                  personal property, to the extent of not less than their full
                  replacement value.

         (F)      Loss of income/business interruption insurance in such amounts
                  as will reimburse Tenant for direct or indirect loss of
                  earnings attributable to all perils commonly insured against
                  under an extended coverage property insurance policy or
                  attributable to prevention of access to or use of the Premises
                  or the Building as a result of such perils but in no event in
                  an amount less than the Base Rent and all additional rent
                  payable hereunder for six (6) months.

19.02    Deductibles. Tenant may, with the written consent of Landlord, elect to
         have reasonable deductibles in connection with coverages required in
         Section 19.01 above.

19.03    Certificates. Tenant shall deliver to Landlord at least thirty (30)
         days prior to the time such insurance is first required to be carried
         by Tenant, and thereafter at least thirty (30) days prior to expiration
         of such policy, Certificates of Insurance evidencing the above coverage
         with limits not less than those specified above. Such Certificates,
         with the exception of Workers Compensation, shall name Landlord,
         Landlord's property manager and such other persons as Landlord may
         reasonably designate as additional insureds as their interests may
         appear and shall expressly provide that the interest of each shall not
         be affected by a breach by Tenant of any policy provision for which
         such Certificates evidence coverage. All Certificates of Insurance
         shall provide not less than thirty (30) days' prior written notice to
         Landlord in the event of material alteration to or cancellation of the
         coverage evidenced by such Certificates of Insurance.

19.04    Mutual Waiver of Subrogation. Landlord and Tenant do each hereby
         release the other from any and all liability or responsibility (to the
         other or to anyone claiming through or under the other by way of
         subrogation or otherwise) for any loss or damage to the property caused
         by fire, any of the extended coverage perils, or any other insured
         peril, even if such fire or other casualty shall have been caused by
         the negligence of the other party or anyone who shall be covered under
         such policy, to the extent of coverage under the relevant policy. Such
         waiver of subrogation shall be effective with respect to loss or damage
         occurring only during such time as Landlord's and Tenant's policies
         shall be in force and effect with respect to such loss or damage and
         shall contain a clause or endorsement to the effect that any such
         release shall not adversely affect or impair said policies or prejudice
         the right of the releasing party to recover thereunder. Landlord and
         Tenant each agree that their policies shall include such a clause or
         endorsement.

19.05    Indemnification of Landlord. Tenant shall indemnify, protect and defend
         Landlord, Landlord's property manager and their respective agents,
         contractors and employees (collectively, the Indemnified Parties ) and
         save them harmless from and against any and all loss , and against all
         claims, actions, damages, liability, costs, fees and expenses
         (including, without limitation, attorneys and consultants fees) in
         connection with loss of life, bodily and personal injury, or damage to
         property (real or personal) arising from any occurrence in, upon, or at
         the Premises or any part thereof, or occasioned by the active or
         passive negligence or willful misconduct of Tenant, its agents,
         contractors, employees, servants, licensees, concessionaires, or
         invitees or by anyone permitted to be on the Premises by Tenant. Tenant
         assumes all risks of and Landlord shall not be liable for injury to
         person or damage to Tenant's property (real or personal) or the
         property of Tenant's agents, servants, or employees resulting from the
         condition of the Premises, or from the bursting or leaking of any and
         all pipes, utility lines, connections, or air conditioning,
         ventilating, or heating equipment in, on, or about the Premises, or
         from water, rain, or snow which may leak into, issue from, or flow from
         any part of the roof or the Building. Tenant agrees, at all times, to
         indemnify and hold the Indemnified Parties harmless against all
         actions, claims, demands, costs, damages, or expenses of any kind which
         may be brought against or made against the Indemnified Parties or which
         the Indemnified Parties may pay or incur by reason of Tenant's
         occupancy of the Premises or Tenant's negligent performance or failure
         to perform any of its obligations under this Lease. In the event that
         Landlord shall, without fault on its part, be made a party to any
         litigation commenced by or against Tenant, Tenant shall protect and
         hold the Indemnified Parties harmless and shall pay all costs,
         expenses, and reasonable attorney fees incurred or paid by the
         Indemnified Parties in connection with such litigation. Notwithstanding
         the foregoing, Landlord shall indemnify, protect and defend Tenant, and
         its respective agents, contractors and employees and save them harmless
         from and against any and all loss, and against all claims, actions,
         damages, liability, costs, fees and expenses (including, without
         limitation, attorneys and consultants fees) in connection with loss of
         life, bodily and personal injury, or damage to property (real or
         personal) arising from any occurrence in, upon, or at the Premises or
         any part thereof, which is occasioned by the active or passive
         negligence or willful misconduct of Landlord, its agents, contractors,
         employees, servants, licensees, or invitees or by anyone permitted to
         be on the Premises by Landlord. The obligations of this Section 19.05
         shall survive the expiration or earlier termination of the Lease.

19.06    Increased Insurance Risk. Tenant shall not permit the Premises to be
         used for any purpose which would render the insurance thereon void or
         the insurance risk more hazardous or cause the State Board of
         Insurance, any other insurance authority or Landlord's insurance
         carrier to disallow any of Landlord's sprinkler credits. If any
         penalty, surcharge or increase in Landlord's insurance premiums is
         imposed because of Tenant's original or subsequent placements or use of
         storage racks or bins, Tenant's method of storage, the nature of
         Tenant's inventory, Tenant's abandonment of the Premise or any other
         act of Tenant, Tenant shall pay as additional Rent, the increase in
         Landlord's insurance premiums, and, upon demand by Landlord, Tenant
         agrees to correct at Tenant's expense the cause of such penalty,
         surcharge or increase to the satisfaction of the particular insurance
         authority or carrier.

20. HAZARDOUS MATERIALS.

20.01    Lessor's Prior Consent. Notwithstanding anything contained in this
         Lease to the contrary, Tenant shall not cause or permit any Hazardous
         Materials (as defined in Section 20.02 below) to be brought upon, kept,
         stored, discharged, released or used in, under or about the Premises by
         Tenant, its agents, employees, contractors, subcontractors, licensees
         or invitees, without the prior written consent of Landlord, which
         Landlord may grant or withhold in Landlord's sole discretion.

20.02    Compliance with Hazardous Materials Laws. Tenant shall at all times and
         in all respects comply with all federal, state and local laws,
         ordinances and regulations relating to or involving the use,
         generation, manufacture, storage, discharge, release, disposal or
         transportation of any materials, substances or wastes which are
         considered to be or may be hazardous to human health or safety or to
         the environment due to their radioactivity, ignitability,
         corrositivity, reactivity, carcinogenicity, infectiousness or other
         harmful or potential harmful properties and which are defined as or
         included within the definition of "hazardous materials," "toxic
         substances" or "chemicals known to cause cancer or reproductive
         toxicity" under any Hazardous Materials Laws (collectively, "Hazardous
         Materials"). All laws, ordinances and regulations relating to
         industrial hygiene, environmental protection or the use, analysis,
         generation, manufacture, storage, discharge, release, disposal or
         transportation of Hazardous Materials are collectively referred to
         herein as "Hazardous Materials Laws".

         Tenant shall handle, treat, deal with and manage any and all Hazardous
Materials in, on, under or about the Premises in total conformity with all
applicable Hazardous Materials Laws and prudent industry practices regarding
management of such Hazardous Materials. Upon expiration or earlier termination
of this Lease, Tenant shall, at Tenant's sole cost and expense, cause all
Hazardous Materials brought or allowed on the Premises during the Lease Term to
be removed from the Premises and transported for use, storage or disposal in
accordance and in compliance with all applicable Hazardous Materials Laws.
Tenant shall not take any remedial action in response to the presence of any
Hazardous Materials in or about the Premises or enter into any settlement
agreement, consent decree or other compromise in respect to any claims relating
to any Hazardous Materials in any way connected with the Premises, without first
notifying Landlord of Tenant's intention to do so and affording Lessor ample
opportunity to appear, intervene or otherwise appropriately assert and protect
Landlord's interests with respect thereto.

20.03    Notices. Tenant shall immediately notify Landlord in writing of: (i)
         any enforcement, cleanup, removal or other governmental or regulatory
         action threatened, instituted, or completed pursuant to any Hazardous
         Materials Laws; (ii) any claim made or threatened by any person against
         Tenant or the Premises relating to damage, contribution, cost recovery
         compensation, loss or injury resulting from or claimed to result from
         any Hazardous Materials; and (iii) any reports made to any
         environmental agency arising out of or in connection with any Hazardous
         Materials on or removed from the Premises, including any complaints,
         notices, warnings or asserted violations in connection therewith.
         Tenant shall also supply to Landlord as promptly as possible, and in no
         event later than five (5) business days after Tenant first receives or
         sends the same, copies of all claims, reports, complaints, notices,
         warnings or asserted violations relating in any way to the Premises or
         Tenant's use thereof. Tenant shall maintain copies of hazardous waste
         manifests reflecting the legal and proper disposal of all Hazardous
         Materials removed from the Premises and supply Landlord with copies of
         same on request.

20.04    Indemnification of Landlord. Tenant shall indemnify, protect, defend
         and hold the Indemnified Parties harmless from any and all damages,
         losses, expenses, liabilities, obligations, costs, fees and expenses
         (including without limitation attorneys and consultants fees), in any
         way arising out of or related to the use, generation, storage,
         handling, transportation, release, discharge or disposal of Hazardous
         Materials on or about the Premises during the term of this Lease. The
         obligations of this Section 20.04 shall survive the expiration or
         earlier termination of the Lease.

20.05    Landlord's Right to Order Environmental Studies. From time to time
         during the term of this Lease, if Landlord shall have reasonable cause
         to believe that a release of Hazardous Materials has occurred at the
         Premises, or from the Premises into the Common Areas or the
         environment, Landlord may retain a qualified environmental consultant
         (a "Consultant") to conduct an environmental investigation of the
         Premises, Common Areas, or other areas that may be affected by the
         suspected release of Hazardous Materials (1) for Hazardous Materials
         contamination in, about or beneath such areas and (2) to assess the
         compliance of Tenant with the provisions of this Section 20 of the
         Lease. Additionally, Landlord shall have the right within the last one
         hundred twenty (120) days of the term of this Lease to order an
         environmental assessment to determine whether the Premises, Common
         Areas or the environment surrounding the Premises contain any Hazardous
         Materials that may be attributable to Tenant's use of the premises. In
         the event Landlord's Consultant determines that a release of Hazardous
         Materials attributable to Tenant's use of the Premises has occurred at
         the Premises, or from the Premises into the Common Areas or the
         environment, Tenant shall pay the cost of any such environmental
         assessment and comply with all reasonable recommendations of the
         Consultant as to any precautions to be taken with respect to the
         storage, use, disposal, handling or emission of Hazardous Materials.
         Landlord will provide Tenant with written notice five (5) days prior to
         any proposed investigation to be undertaken hereunder. Tenant shall
         cooperate with the Consultant to allow entry and reasonable access of
         the Consultant to all portions of the Premises for the purposes of the
         investigation.

21. ADDITIONAL RENT.

21.01    Real Estate Taxes.

         1.       Tenant shall pay to Landlord, as additional Rent, Tenant's
                  Proportionate Share of Landlord's Real Estate Taxes for the
                  Project for each Tax Year during the Term of this Lease or any
                  renewal, extension, or holding over hereof. Such additional
                  Rent payments by Tenant shall be due and payable on the first
                  day of each month during each Tax Year, each such payment in
                  an amount equal to one-twelfth (1/12) of Tenant's
                  Proportionate Share of Landlord's obligation for Real Estate
                  Taxes for the applicable Tax Year. The sum set out in Section
                  1.01M shall be the monthly charge for the first Tax Year. For
                  each subsequent Tax Year the amount payable under Section
                  1.01M shall be adjusted to reflect Landlord's estimate of
                  Tenant's obligation for Real Estate taxes for that Tax Year.
                  In the event the sum of such monthly payments by Tenant for a
                  particular Tax Year exceeds Tenant's Proportionate Share of
                  Landlord's Real Estate Taxes for the applicable Tax Year,
                  provided Tenant is not in default, Landlord shall refund or
                  credit such excess payment to Tenant. In the event the sum of
                  Tenant's monthly payments for a particular Tax Year is less
                  than Tenant's Proportionate Share of Landlord's Real Estate
                  Taxes for the applicable Tax Year, Tenant shall pay such
                  deficiency upon demand. "Tax Year", as used herein, shall mean
                  each calendar year during the Term of the Lease or any
                  renewal, extension, or holding over hereof in which Real
                  Estate Taxes are billed against the Project regardless of the
                  Year in which the assessment for Real Estate Taxes occurs. For
                  the purposes of this Section, the first Tax Year shall be the
                  calendar year in which the Lease Term commences. Upon receipt
                  of written request Landlord shall provide Tenant with copies
                  of the applicable tax notices and Landlord's calculation of
                  Tenant's share of Landlord's Real Estate Taxes.

         2.       "Real Estate Taxes" shall mean: (a) all ad valorem Real Estate
                  Taxes on the Project (adjusted after protest or litigation, if
                  any) for any part of the Term of this Lease, exclusive of
                  penalties; (b) any taxes which shall be levied in lieu of any
                  such ad valorem Real Estate Taxes; (c) any special assessments
                  for benefits on or to the Project paid or payable in annual
                  installments by Landlord; (d) occupational taxes or excise
                  taxes levied on rentals derived from the operation of the
                  Project for the privilege of leasing property; and (e) the
                  expense of protesting, negotiating, or contesting the amount
                  or validity of any such taxes, charges, or assessments, such
                  expense to be applicable to the Tax Year of the item
                  contested, protested, or negotiated.

         3.       If the Term of this Lease shall end during a Tax Year of which
                  only part is included in the Term hereof, the amount of such
                  additional Rent shall be prorated on a per diem basis and
                  shall be paid on or before the last day of the Term. If the
                  Term of this Lease ends during any Tax Year before the amount
                  of the Real Estate Taxes is established and the amount payable
                  by Tenant has not been finally determined under the provisions
                  of this Section, an amount payable for that portion of the
                  Lease Term during the Tax Year shall be reasonably estimated
                  by Landlord, and the estimated amount shall be promptly paid
                  by Tenant should such estimated amount paid by Tenant exceed
                  its actual obligation under this Section then Landlord shall
                  refund such excess amount.

21.02    Common Expenses.

         1.       During the Term of this Lease or any renewal, extension, or
                  holding over hereof, Tenant shall pay to Landlord, as
                  additional Rent, Tenant's Proportionate Share of the Common
                  Expenses.

         2.       For the purpose of this Section, the "Common Expense" means
                  Landlord's total costs and expenses incurred during each Lease
                  year in connection with owning, operating, maintaining, and
                  repairing the Project, herein defined, including, but without
                  limitation by enumeration: costs for all management fees,
                  electrical current, gas, water, sewer, or fuels used in
                  connection with the operation, maintenance, and repair of the
                  Common Areas or the Building; the amount paid for all
                  electricity furnished to the Common Area to light the parking
                  lots or for any other common purpose; the amount paid for all
                  labor and/or wages and other payments, including costs to
                  Landlord of worker's compensation and disability insurance,
                  payroll taxes, and welfare and fringe benefits, made to
                  janitors, employees, contractors, and subcontractors of
                  Landlord who are involved in the operation and maintenance of
                  the Common Areas and the Project; charges of any independent
                  contractors employed in the care, operation, maintenance,
                  cleaning, and landscaping of the Common Areas; the amount paid
                  for all supplies, tools, replacements parts or components,
                  equipment, and necessities which are occasioned by everyday
                  wear and tear; the premiums for all insurance maintained by
                  Landlord for the Project; and the pro rata costs of machinery
                  and equipment purchased and/or leased by Landlord in order to
                  perform Common Area maintenance. To the extent that Landlord
                  provides services which are not separately metered or directly
                  billed to Tenant the costs of such services shall be included
                  in the Common Expenses. Common Expenses shall not include
                  interest on debt, capital retirement of debt and depreciation;
                  however Common Expenses shall include Landlord's capital
                  expenditures incurred for the purpose of reducing Common Area
                  or Building operating costs and capital expenditures incurred
                  by Landlord that are required by changes or amendments in laws
                  or regulations governing the Premises or the Project, plus
                  interest on the unamortized costs of each such capital
                  expenditure at the rate of 10% per annum or such higher rate
                  as Landlord may have incurred on funds borrowed to construct
                  such improvements, amortized over the useful life of the
                  respective improvements of a capital nature. If Landlord
                  elects to self-insure or includes the Project under blanket
                  insurance policies covering multiple properties, then the term
                  "Common Expenses " shall also include the portion of the cost
                  of such self-insurance or blanket insurance allocated by
                  Landlord to this Project.

         3.       For the purposes of this Section, the term "Lease Year" shall
                  mean in the case of the first Lease Year, that period from the
                  Commencement Date of the Term to the first succeeding December
                  31; thereafter, "Lease Year" shall mean each successive twelve
                  (12) calendar month period following the expiration of the
                  first Lease Year except that should the Expiration Date be any
                  day other than on December 31, then the last Lease Year shall
                  be the period from the end of the preceding Lease Year to the
                  Expiration Date.

21.03    Payment of Common Expense. Tenant's obligation for the Common Expenses
         for each Lease Year during the Lease Term shall be paid in monthly
         installments on the first day of each calendar month in advance. The
         first Lease Year's monthly installment amount is set out in Section
         1.01L above. Within a reasonable period after the end of the first
         Lease Year and within a reasonable period after the end of each Lease
         Year thereafter, Landlord shall notify Tenant of Tenant's monthly
         obligation for Common Expenses which Landlord estimates it will incur
         for the then current Lease Year and the Common Expenses provided for in
         Section 1.01L shall be adjusted accordingly on the first day of the
         first month following such notice. Within a reasonable period after the
         end of each Lease Year, Landlord shall furnish Tenant with a statement
         of the actual amount of Tenant's obligation for Common Expenses for
         such period, together with Landlord's calculation of the amount of
         Tenant's obligation. In the event the total of Tenant's monthly
         installments paid for any Lease Year does not equal Tenant's
         Proportionate Share as shown on such statement, then Tenant shall,
         within ten (10) days of the mailing of the statement, pay Landlord any
         deficiency, or Landlord upon receipt of such annual statement shall
         issue to Tenant a credit invoice for such excess, as the case may be.
         Upon request delivered by Tenant within thirty (30) days after the date
         that Landlord delivers Landlord s statement, Landlord shall provide
         additional detail to Tenant regarding the calculation of Common
         Expenses for the year in question. The statement of Common Expenses
         shall be presumed correct and shall be deemed final and binding upon
         Tenant unless Tenant in good faith objects in writing thereto within
         thirty (30) days after delivery of the statement to Tenant (which
         writing shall state, in reasonable detail, all of the reasons for the
         objection); and Tenant pays in full, within thirty (30) days after
         delivery of the statement to Tenant, the amount shown on the statement
         as being owed by Tenant, regardless of whether such amount is in
         dispute. Tenant's dispute of any amount shown on Landlord's statement
         shall not excuse Tenant from promptly paying such amount as required
         above, provided however if it is determined that the amount specified
         in Landlord's statement as being payable by Tenant was over stated and
         Tenant has otherwise complied with the requirements of this Section,
         then Landlord shall pay or credit to Tenant the amount of such
         overcharge. Tenant's failure to pay the amount shown on Landlord's
         statement within thirty (30) days after delivery thereof or Tenant's
         failure to pay in a timely manner the revised estimate of Landlord's
         determination of Common Expenses shall be deemed an irrevocable waiver
         of Tenant s right to contest and/or receive any credit or reimbursement
         for an overcharge of Common Expenses shown on the Landlord's statement
         under which payment is required at that time.

22. DEFAULT AND REMEDIES.

22.01    Events of Default. The occurrence of any of the following events shall
         constitute an Event of Default on the part of Tenant.

         (A)      Tenant shall at any time fail to pay Rent when due; or

         (B)      Tenant shall fail to keep, perform, or observe any other
                  covenant, agreement, condition, or undertaking described
                  hereunder and shall fail to remedy such default within thirty
                  (30) days after written notice thereof has been mailed by
                  Landlord to Tenant; or if such default is one that will take
                  longer than thirty (30) days to remedy, Tenant fails to
                  commence the cure of such default within said thirty (30) day
                  period and/or fails to diligently pursue such cure to
                  completion; or

         (C)      This Lease or the Premises or any part thereof shall be taken
                  upon execution or by other process of law directed against
                  Tenant or shall be taken upon or subject to any attachment at
                  the instance of any creditor of or claimant against Tenant and
                  said attachment shall not be discharged or disposed of within
                  thirty (30) days after the levy thereof; or

         (D)      There is a filing of any petition or commencement of any case
                  or proceeding by Tenant under any provision or chapter of the
                  Federal Bankruptcy Act or any other federal or state law
                  relating to Tenant's insolvency, bankruptcy, or
                  reorganization; or

         (E)      There is a filing of any petition or commencement of any case
                  or proceeding described in subparagraph (D) above against
                  Tenant, unless such petition and all proceedings initiated
                  thereby are dismissed within sixty (60) days from the date of
                  such filing; or

         (F)      The Premises shall be vacated or abandoned by Tenant,
                  regardless or whether or not Tenant continues to pay Rent, and
                  such vacation or abandonment continues for five (5) days after
                  written notice of such condition from Landlord to Tenant..

22.02    Remedy. Upon the occurrence of an Event of Default Landlord shall have
         the right, without further notice to or demand upon Tenant, to re-enter
         and take exclusive possession of the Premises, with or without force or
         legal process; to refuse to allow Tenant to enter the same or have
         possession thereof; to change the locks on the doors to the Premises;
         to take possession of any furniture or other property in or upon the
         Premises (Tenant hereby waiving the benefit of all exemptions by law)
         and to sell the same at public or private sale without notice and apply
         the proceeds thereof to the costs of sale, payment of damages, and
         payment of the Rent due under this Lease; all without Landlord being
         liable to Tenant for any damages or any prosecution therefor; and
         Landlord shall have the right;

         (i)      As an agent of Tenant, to relet the Premises for the balance
                  of the Term of this Lease or for a shorter or longer Term,
                  with or without the granting of free rent or other market
                  concessions, and to receive the rents therefor; applying them
                  first to the payment of all of Landlord's expenses of such
                  reletting, such as, repairs, improvements, broker's
                  commissions and, second, to the payment of remedying all
                  damages suffered to the Premises and, third, to all Rent due
                  and thereafter becoming due under this Lease, with Tenant
                  remaining liable for and hereby agreeing to pay Landlord any
                  such deficiency on a monthly basis during the Lease Term on
                  the days Rent would be due hereunder; or

         (ii)     To cancel and terminate the remaining Term of this Lease,
                  regardless of whether Landlord has previously elected to relet
                  or has relet the Premises as permitted in (i) above, to
                  re-enter and take possession of the Premises free of this
                  Lease, and thereafter this Lease shall be null and void, and
                  the Rent in such case shall be apportioned and paid on and up
                  to the date of such entry and possession by Landlord.
                  Thereafter Tenant shall be liable for and pay all Rents
                  accrued, due or owing as of the date or termination, as well
                  as the costs to repair damage to the Premises incurred by
                  Landlord by reason of Tenants breach or default of this Lease;
                  or

         (iii)    To treat such default as a breach of this Lease and terminate
                  this Lease by written notice to Tenant and recover from Tenant
                  as damages for such breach:

                  (a)      the worth at the time of award of any unpaid Rent
                           which had been earned at the time of such
                           termination; plus

                  (b)      the worth at the time of award of the amount by which
                           the unpaid Rent which would have been earned after
                           termination until the time of award exceeds the
                           amount of such rental loss Tenant proves could have
                           been reasonably avoided; plus

                  (c)      the worth at the time of award of the amount by which
                           the unpaid Rent for the balance of the term after the
                           time of award exceeds the amount of such rental loss
                           that Tenant proves could be reasonably avoided; plus

                  (d)      any other amount necessary to compensate Landlord for
                           all the detriment proximately caused by Tenant
                           failure to perform its obligations under this Lease
                           or which in the ordinary course of things would be
                           likely to result therefrom; plus

                  (e)      such reasonable attorneys' fees incurred by Landlord
                           as a result of such default, and costs in the event
                           suit is filed by Landlord to enforce such remedy; and

                  (f)      at Landlord's election, such other amounts in
                           addition to or in lieu of the foregoing as may be
                           permitted from time to time by applicable law.

         As used in subparagraphs (a) and (b) above, the "worth at the time of
award" is computed by allowing interest at the rate of ten percent (10%) per
annum. As used in subparagraph (c) above, the "worth at the time of award" is
computed by discounting such amount at the discount rate of the Federal Reserve
Bank of San Francisco at the time of award, plus one percent (1%).

         All rights and remedies expressly provided in the Lease for Landlord's
protection shall be cumulative and shall be in addition to any other rights and
remedies provided by law. Landlord shall be entitled to recover from Tenant
reasonable attorneys' fees and costs incurred by Landlord in enforcing its
rights hereunder. In the event Landlord elects to re-enter or take possession of
the Premises, Tenant agrees to quit and peaceably surrender the Premises and
possess and repossess itself thereof, and may have, hold, and enjoy the Premises
and the right to receive all rental income of and from the same. No such
re-entry and taking of possession by Landlord shall be construed as an election
on Landlord's part to terminate or surrender this Lease unless Landlord gives
notice to Tenant specifically terminating the Lease. Unless a written notice of
such intention is served on Tenant, any service of demand for the payment of
rent or possession required under applicable law to recover the Premises does
not constitute an election on the part of Landlord to terminate this Lease, nor
shall such notice or re-entry by Landlord or forfeiture by Tenant relieve Tenant
of its continuing liability for unaccrued rent.

         A waiver by Landlord of any breach or default by Tenant under the terms
and conditions of this Lease shall not be construed to be a waiver of any
subsequent breach or default or of any other term or condition of this Lease,
and a failure of Landlord to assert any breach or to declare a default by Tenant
shall not be construed to constitute a waiver thereof, so long as such breach or
default continues unremedied.

22.03    Landlord's Default. Landlord shall not be deemed to be in default in
         the performance of any obligation required to be performed by Landlord
         hereunder unless and until Landlord has failed to perform the
         obligation within thirty (30) days after receipt of written notice by
         Tenant to Landlord specifying wherein Landlord has failed to perform
         the obligation; provided, however, that if the nature of Landlord's
         obligation is such that more than thirty (30) days are required for its
         performance, then Landlord shall not be deemed to be in default if
         Landlord shall commence the performance within the thirty (30) day
         period and thereafter shall diligently prosecute the same to
         completion.

22.04    Landlord's Right to Perform Tenant's Covenants. If Tenant shall at any
         time fail to make any payment or perform any other act on its part to
         be made or performed under this Lease, Landlord may, but shall not be
         obligated to, make the payment or perform any other act to the extent
         Landlord may deem desirable and, in connection therewith, pay expenses
         and employ counsel. Any payment or performance by Landlord shall not
         waive or release Tenant from any obligations of Tenant under this
         Lease. All sums so paid by Landlord, and all penalties, interest and
         costs in connection therewith, shall be due and payable by Tenant on
         the next day after any payment by Landlord, together with interest
         thereon at the Interest Rate (as defined in Section 32), from that date
         to the date of payment thereof by Tenant to Landlord, plus collection
         costs and attorneys' fees. Landlord shall have the same rights and
         remedies for the nonpayment thereof as in the case of default in the
         payment of Rent.

23. NOTICES.

         Except as other wise herein provided, whenever by the terms of this
Lease notice shall or may be given either to Landlord or to Tenant, such notice
shall be in writing and shall be deemed to have been properly served if
delivered personally, sent by Federal Express or other national overnight
courier or through the U.S. Postal Service, certified mail, postage prepaid, to
Landlord at the addresses set forth below or such other person or place as
Landlord may designate in writing and to Tenant at the Premises. The date of
personal delivery or receipt of the notice, one (1) business day after deposit
with such overnight courier or three (3) business days after mailing, whichever
is earlier shall be deemed the date of service of notice. Notice may also be
served by Landlord or Tenant in the same manner as provided for personal service
under the Rules of Civil Procedure in the State of Utah. Landlord's addresses
for notice are as follows:

Landlord:                          WDCI, Inc.
                                   ATTN:  Vice President - Property Management
                                   822 Bishop Street
                                   Honolulu, HI  96813

With a copy to:                    WDCI, Inc.
                                   ATTN:  General Counsel
                                   822 Bishop Street
                                   Honolulu, HI  96813

<PAGE>

Tenant:                            Rubicon Medical Corporation
                                   ATTN:
                                   3598 West 1820 South
                                   Salt Lake City, Utah 84104

24. PERSONS BOUND.

         The agreements, covenants, and conditions of this Lease shall be
binding upon and shall insure to the benefit of the heirs, legal
representatives, successors, and assigns of each of the parties hereto, except
that no assignment, encumbrance, or subletting by Tenant, unless permitted by
the provisions of this Lease, without the prior written consent of Landlord,
shall vest any right of an assignee, encumbrance, or sublessee of Tenant. The
singular herein, in referring to either Landlord or Tenant, shall be deemed to
include the plural where the context so requires. If there be more than one
Tenant herein named, the provisions of this Lease shall be applicable to and
binding upon such Tenant jointly and severally.

25. SECURITY DEPOSIT.

         Tenant herewith deposits with Landlord the sum referenced in the Basic
Terms as a Security Deposit for the performance by Tenant of every covenant and
condition of this Lease. Said deposit may be commingled with other funds of
Landlord and shall bear no interest. If Tenant shall default with respect to any
covenant or condition of this Lease, Landlord may apply the whole or any part of
such Security Deposit to the payment of any sum in default or any sum which
Landlord may be required to spend by reason of Tenant's default, including, but
not limited to, applying the Security Deposit first to the costs of any
restoration and/or cleanup made necessary by reason of above normal wear and
tear of the Premises. It is agreed that the Security Deposit is not to be
considered as the last month's Rent under this Lease. Should Tenant comply with
all of the covenants and conditions of this Lease, the Security Deposit or any
balance thereof shall be returned to Tenant within a reasonable time after the
expiration of the Term hereof. If Landlord uses or applies all or any portion of
the deposit, Tenant shall within ten (10) days after written demand therefore
deposit cash with Landlord in an amount sufficient to restore the deposit to the
full amount hereinabove stated and Tenant's failure to do so shall be a material
breach of this Lease.

26. [INTENTIONALLY OMITTED]

27. SUBORDINATION/FINANCIAL DISCLOSURE.

         Landlord shall have the right to transfer, mortgage, pledge or
otherwise encumber, assign or convey in whole or in part the Premises, building,
Project, this Lease and all rents and amounts payable by Landlord under the
provisions hereof, and Tenant shall continue its performance hereunder
notwithstanding any such transfer. At Landlord's option, or at the option of any
mortgagee or ground lessee of Landlord, this Lease shall be made subordinate to
any ground lease, mortgage, deed of trust or any other hypothecation or security
now or hereafter placed upon or affecting real property of which the premises
are a part and to any and all advances made on the security thereof and to all
renewals, modifications, consolidations, replacements and extensions thereof
pursuant to a written subordination agreement between Tenant and any such ground
lessee or mortgagee. Notwithstanding the foregoing, the subordination of
Tenant's interest pursuant to the terms hereof shall be conditional on such
mortgagee or ground lessee entering into a commercially reasonable
non-disturbance agreement with Tenant, which shall provide for the continuation
of the Lease for the remaining term hereof on the terms and conditions hereof,
notwithstanding the termination of any relevant ground lease or a foreclosure,
deed in lieu of foreclosure or other transfer under any mortgage or deed of
trust affecting the Project or the Premises, so long as Tenant shall have paid
rent and all other sums required to be paid under this Lease and shall otherwise
be in compliance with the terms hereof. Tenant agrees to execute any documents
required to effectuate an attornment or subordination pursuant to the terms
hereof and Tenant hereby irrevocably appoints Landlord as its agent and attorney
to execute and deliver any such instrument for and in the name of Tenant if
Tenant fails to do so within ten (10) days after written notice by Landlord or
any ground lessee or mortgagee. Any mortgagee, trustee or ground lessor may
elect to have the Lease prior to the lien of its mortgage, deed of trust or
ground lease and upon written notice to Tenant this lease shall be deemed prior
to such mortgage, deed of trust or ground lease whether this Lease is dated
prior subsequent to the date of said mortgage, deed of trust or ground lease or
the date of recording thereof.

         If Landlord desires to finance, refinance, or sell the Premises or any
part thereof, Tenant hereby agrees to deliver to any lender or purchaser
designated by Landlord such financial statements of Tenant as may be reasonably
requested by such lender or purchaser. Such statements shall include the past
three (3) years' consolidated financial statements of Tenant as filed with the
Securities and Exchange Commission. All such financial statements shall be
received by Landlord and such lender or purchaser in confidence and shall only
be used for the purposes herein set forth.

28. ATTORNEY'S FEES.

         If either party brings an action to enforce the terms hereof or declare
rights hereunder, the prevailing party in any such action, on trial or appeal,
shall be entitled to its reasonable attorney's fees to be paid by the losing
party as fixed by the court.

29. PARKING.

         Tenant's employees, customers, invitees and visitors shall park only in
areas designated for parking of vehicles.

30. EXAMINATION OF LEASE.

         Submission of this document for examination or signature by Tenant does
not constitute a reservation of or option for space and it is not effective as a
lease or otherwise until execution by both Tenant and Landlord.

31. Broker's Commissions.Tenant and Landlord each represent and warrant to the
other that neither has had any dealings with any person, firm, broker or finder
(other than those persons, if any, whose names are set forth in this Paragraph
31) in connection with the negotiation of this Lease and/or the consummation of
the transaction contemplated hereby, and no other broker or other person, firm
or entity is entitled to any commission or finder's fee in connection with said
transaction and Tenant and Landlord do each hereby indemnify and hold the other
harmless from and against any costs, expenses, attorneys' fees or liability for
compensation, commission or charges which may be claimed by any such unnamed
broker, finder or other similar party by reason of any dealings or actions of
the indemnifying party. Named brokers:

                  Landlord's Broker:     CB Richard Ellis

                  Tenant's Broker:       None.

The commission payable to Landlord's Broker with respect to this Lease shall be
pursuant to the terms of the separate commission agreement in effect between
Landlord and Landlord's Broker. Landlord's Broker shall pay a portion of its
commission to Tenant's Broker, if so provided in any agreement between
Landlord's Broker and Tenant's Broker. Nothing in this Lease shall impose any
obligation on Landlord to pay a commission or fee (a) to any party other than
Landlord's Broker or (b) to any party with respect to (i) the exercise by Tenant
of any option or right of first refusal pursuant to this Lease, or (ii) any
extension or renewal of this Lease.

32. LATE PAYMENT/INTEREST.

         Tenant's failure to pay Rent or any other payment required of Tenant
hereunder within ten (10) days of the due date therefor shall result in the
imposition of a service charge for such late payment in the amount of five
percent (5%) of such required payment to cover Landlord's administrative costs
to handle late payments. Imposition of and/or payment of a service charge for
late payment shall not constitute a cure or waiver for such default in payment.
In addition, any amount which is not paid when due shall bear interest from the
date due until the date paid at the rate ("Interest Rate") which is the lesser
of fifteen percent (15%) per annum or the maximum rate permitted by law.

33. ESTOPPEL CERTIFICATE.

         Tenant shall upon not less than ten (10) day's prior written notice
from Landlord execute, acknowledge and deliver to Landlord a statement in
writing (i) certifying that this Lease is unmodified and is full force and
effect (or, if modified, stating the nature of such modification and certifying
that this Lease, as so modified, is in full force and effect) and the date to
which the Rent and other charges are paid in advance, if any; (ii) acknowledging
that there are not, to Tenant's knowledge, any uncured defaults on the part of
Landlord hereunder, or specifying such defaults if any are claimed; and (iii)
stating the correctness or incorrectness of any other fact related to Tenant's
use and occupancy of the Premises or either or both Landlord's and Tenant's
rights and obligations under this Lease as may be reasonably requested. Any such
statement may be conclusively relied upon by any prospective purchaser or
encumbrancer of the Premises.

         At Landlord's option, Tenant's failure to deliver such statement within
such time shall be a material default under this Lease or shall be conclusively
entitle Landlord or any third party to rely on the facts (i) that this Lease is
in full force and effect, without modification except as may be represented by
Landlord, (ii) that there are no uncured defaults in Landlord's performance, and
(iii) that not more than one month's rent has been paid in advance.

34. PARTIAL INVALIDITY.

         If any term, covenant, condition or provision of this Lease or the
application thereof to any person or circumstance shall, to any extent, be
invalid or unenforceable, or violate a party's legal rights, then such term,
covenant, condition or provision shall be deemed to be null, void, and
unenforceable; however, all provisions of this Lease, or the application of such
term or provision to persons or circumstances other than those to which are held
invalid, unenforceable, or violative of legal rights, shall not be affected
thereby, and each and every other term, covenant, condition or provision of this
Lease shall be valid and shall be enforced to the fullest extent permitted by
law.

35. CAPTIONS.

         The captions used throughout this Lease are for convenience and
reference only and shall in no way be held to explain, modify, amplify, or aid
in the interpretation, construction, or meaning of any provisions in this Lease.

36. ENTIRE AGREEMENT.

         This Lease, together with the referenced Rider and Exhibits (which are
incorporated herein by this reference), contains the entire agreement between
the parties, and no modification of this Lease shall be binding upon the parties
unless evidenced by an agreement, in writing, signed by Landlord and Tenant
after the date hereof. No prior agreements or understandings pertaining to this
Lease prior to the date hereof shall be effective.

37. LANDLORD'S LIABILITY.

37.01    Transfer of the Project. Upon transfer of the Project and assignment of
         this Lease, Landlord shall be entirely freed and relieved of all
         liability under any and all of its covenants and obligations contained
         in or derived from this Lease occurring after the consummation of the
         transfer and assignment, and from all liability for the Security
         Deposit. Tenant shall attorn to any entity purchasing or otherwise
         acquiring the Premises at any sale or other proceeding.

37.02    Landlord's Exculpation. In the event of default, breach or violation by
         Landlord of any of Landlord's obligations under this Lease, Landlord's
         liability to Tenant shall be limited to its ownership interest in the
         Building and Project or the proceeds of a public sale of the ownership
         interest pursuant to the foreclosure of a judgment against Landlord.
         Landlord shall not be personally liable, or liable in any event, for
         any deficiency beyond its ownership interest in the Building and
         Project.

38. SURRENDER OF PREMISES.

         On the expiration or early termination of this Lease, Tenant shall
surrender the Premises to Landlord "broom-clean", in its condition as of the
Commencement Date, normal wear and tear excepted. Tenant shall remove from the
Premises all of Tenant's personal property, trade fixtures and any alterations
required to be removed by Landlord. Tenant shall repair damage or perform any
restoration work required by the removal. If Tenant fails to remove any personal
property, trade fixtures or alterations after the end of the Term as required by
Landlord, Landlord may remove the property and store it at Tenant's expense,
including interest at the Interest Rate. If the Premises are not so surrendered
at the termination of this Lease, Tenant shall indemnify Landlord against all
loss or liability resulting from delay by Tenant in so surrendering the
Premises, including, without limitation, any claims made by any succeeding
tenant, losses to Landlord due to lost opportunities to lease to succeeding
tenants, and attorneys' fees and costs.

39. MORTGAGEE PROTECTION.

         In the event of any default on the part of Landlord, Tenant will give
notice by registered or certified mail to any beneficiary of a deed of trust or
mortgagee of a mortgage covering the Building and shall offer the beneficiary or
mortgagee a reasonable opportunity to cure the default, including time to obtain
possession of the Building or the Premises by power of sale or a judicial
foreclosure, if such should prove necessary to effect a cure.

40. OPTION TO EXTEND LEASE.

         Landlord hereby grants to the Tenant the one (1), two (2) year option
to extend the term of the Lease, provided that no monetary default of the lease
occurred during the current term of the Lease, and at the time the option is
exercised, this Lease shall be in full force and effect. The Tenant must provide
written notice to Landlord of its intention to exercise the option not later
than one hundred and eighty (180) days prior to the expiration of the current
term of the Lease. Additionally, once the business terms and conditions have
been mutually agreed upon Tenant agrees to return an executed amendment
documenting the terms of the option within fifteen (15) days after its receipt
from Landlord.

         The base annual rent rate for the Premises during the Renewal term
shall be at fair market value as mutually agreed upon by Tenant and Landlord,
but in no case less than the Base Rent in effect for the existing Lease. Any
such renewal of this Lease shall be upon the same terms and conditions of this
Lease, except (a) the base rent during the extension term shall be as provided
as above; and (b) Tenant shall not have the right to assign its renewal rights
to a subtenant under this Lease.

41. WAIVER OF TRIAL BY JURY.

         LANDLORD AND TENANT HEREBY WAIVE TRIAL BY JURY AND CONSENT TO TRIAL
WITHOUT A JURY IN THE EVENT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY
EITHER LANDLORD OR TENANT AGAINST THE OTHER IN CONNECTION WITH THIS LEASE.

<PAGE>

IN WITNESS WHEREOF the parties have signed triplicate copies hereof.

TENANT:                                         LANDLORD:

Rubicon Medical, Inc., a Utah corporation       WDCI, INC., a Hawaii corporation

By:  /s/ Brian C. Woolf                         By:  /s/ R.S. Sasaki
Name:  Brian C. Woolf                           Name:  R.S. Sasaki
Its: CFO                                        Its: Executive V.P.

                                                By: /s/ Charles W. Loomis
                                                Name: Charles W. Loomis
                                                Its: Assistant SecretaryQuickLinks
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Exhibit 10.1  

 
  Employment Agreement of ROSS B. BRICKER    
    

        This Employment Agreement (the "Agreement") is effective as of April 11, 2005 (the "Effective Date"), by and between SPX Corporation (the "Company"), and
Ross B. Bricker (the "Executive"). 

        WHEREAS,
the Company desires to employ the Executive as its Senior Vice President, Secretary and General Counsel; and 

        WHEREAS,
the Company and the Executive have reached agreement concerning the terms and conditions of his employment and wish to formalize that agreement; 

        NOW,
THEREFORE, in consideration of the mutual terms, covenants and conditions stated in this Agreement, the Company and the Executive hereby agree as follows: 

        1.    Employment.    The Company employs the Executive and the Executive hereby accepts
employment with the Company as Senior Vice President, Secretary and General Counsel. During the Employment Term (as hereinafter defined), the Executive will have the title, status and duties of Senior
Vice President, Secretary and General Counsel and will report directly to the Company's Chief Executive Officer. The Executive's principal business office shall be at the Company's principal business
office located in Charlotte, North Carolina, and Executive's principal family residence shall be located within 50 miles of the Company's principal business office for the duration of the Employment
Term. If domiciled elsewhere on the date of Executive's execution of this Agreement, Executive shall relocate his principal family residence to the area specified in this Paragraph. Executive's
failure to complete such relocation on or before December 31, 2005 shall render this Agreement null and void. 

        2.    Term of Employment.    The term of employment ("Employment Term") will commence on the
Effective Date, and will continue thereafter until two (2) years from the Effective Date and will be automatically extended for subsequent one (1) day periods for each day of the
Employment Term that passes after the Effective Date, unless sooner terminated by either party in accordance with the provisions of this Agreement. The intent of the foregoing provision is that the
Agreement becomes "evergreen" on the
Effective Date so that on each passing day after the Effective Date the Employment Term automatically extends to a full two-year period. 

        3.    Duties.    During the Employment Term: 

        (a)   The
Executive will perform duties assigned by the Company's Chief Executive Officer, or the Company's Board of Directors (the "Board"), from time to time; provided that
the Executive shall not be assigned tasks inconsistent with those of Senior Vice President, Secretary and General Counsel. 

        (b)   The
Executive will devote his full time and best efforts, talents, knowledge and experience to serving as the Senior Vice President, Secretary and General Counsel.
However, the Executive may devote reasonable time to activities such as supervision of personal investments and activities involving professional, charitable, educational, religious and similar types
of activities, speaking engagements and membership on other boards of directors, provided such activities do not interfere in any material way with the business of the Company;  provided that, the
Executive cannot serve on the board of directors of more than one publicly-traded company without the Board's written consent. The
time involved in such activities shall not be treated as vacation time. The Executive shall be entitled to keep any amounts paid to him in connection with such activities
(e.g., director fees and honoraria). 

        (c)   The
Executive will perform his duties diligently and competently and shall act in conformity with the Company's written and oral policies and within the limits, budgets
and business plans set by the Company. The Executive will at all times during the Employment Term strictly adhere to and obey all of the rules and regulations in effect from time to time relating to
the conduct of executives of the Company. Except as provided in (b) above, the Executive shall not engage in consulting work or any trade or business for his own account or for or on behalf of
any 

 

other
person, firm or company that competes, conflicts or interferes with the performance of his duties hereunder in any material way. 

        4.    Compensation and Benefits.    During the Executive's employment hereunder, the Company
shall provide to the Executive, and the Executive shall accept from the Company as full compensation for the Executive's services hereunder, compensation and benefits as follows: 

        (a)    Base Salary.    The Company shall pay the Executive at an annual base salary ("Base Salary") of five hundred
thousand dollars ($500,000). The Board, or such committee of the Board as is responsible for setting the compensation of senior executive officers, shall review the Executive's performance and Base
Salary annually in January of each year, and determine whether to adjust the Executive's Base Salary on a prospective basis. The first review shall be in January 2006. Such adjusted annual
salary then shall become the Executive's "Base Salary" for purposes of this Agreement. The Executive's annual Base Salary shall not be reduced after any increase, without the Executive's consent. The
Company shall pay the Executive's Base Salary according to payroll practices in effect for all senior executive officers of the Company. 

        (b)    Incentive Compensation.    The Executive shall be eligible to participate in any annual performance bonus
plans, long-term incentive plans, and/or equity-based compensation plans established or maintained by the Company for its senior executive officers, including, but not limited to, the
Executive EVA Compensation Plan ("EVA Plan") and the SPX Corporation Stock Compensation Plan. For the 2005 bonus plan year, the Executive shall be eligible for a target bonus under the Company's EVA
Plan equal to 100% of his Base Salary and shall be prorated for the year provided that all performance goals set by the Company are met. The Board (or appropriate Board committee) will determine and
communicate to the Executive his annual incentive plan participation for subsequent bonus plan years, no later than March 31 of such bonus plan year. 

        (c)    Executive Benefit Plans.    The Executive will be eligible to participate on substantially the same basis as
the Company's other senior executive officers in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term
disability, life, pension, profit sharing and nonqualified deferred compensation arrangements. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices,
policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated senior executive officers. 

        (d)    Business Expenses.    The Company shall reimburse the Executive for all reasonable and necessary business
expenses incurred in the performance of services with the Company, according to the Company's policies and upon Executive's presentation of an itemized written statement and such verification as the
Company may require. 

        (e)    Perquisites.    The Company will provide the Executive with all perquisites it provides to other senior
executive officers. Such perquisites shall not be less than those provided to the Executive on the Effective Date. The Company will also reimburse the Executive for annual income tax return
preparation and financial planning up to $20,000 per year. 

        (f)    Vacation.    The Executive will be entitled to vacation in accordance with the Company's vacation policy for
senior executive officers, but in no event less than 5 weeks per calendar year. Unused vacation shall be carried over for a period not in excess of twelve (12) months. 

        5.    Payments on Termination of Employment.    

        (a)    Termination of Employment for any Reason.    The following payments will be made upon the Executive's
termination of employment for any reason: 

	(i)
	Earned
but unpaid Base Salary through the date of termination; 

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	(ii)
	Any
annual incentive plan bonus, for which the performance measurement period has ended, but which is unpaid at the time of termination;

	(iii)
	Any
accrued but unpaid vacation;

	(iv)
	Any
amounts payable under any of the Company's benefit plans in accordance with the terms of those plans, except as may be required under Code
Section 401(a)(13); and

	(v)
	Unreimbursed
business expenses incurred by the Executive on the Company's behalf. 

        (b)    Termination of Employment for Death or Disability.    In addition to the amounts determined under
(a) above, if the Executive's termination of employment occurs by reason of death or disability, the Executive (or his estate) will receive a pro rata portion of any bonus payable under the
Company's annual incentive plan for the year in which such termination occurs determined based on the highest of (i) the actual annual bonus paid for the bonus plan year immediately preceding
such termination, or (ii) the target bonus for the bonus plan year in which such termination occurs. The Executive also will receive the Executive's bonus bank amount, if positive, as of the
date of such termination. The Executive will be deemed to be disabled upon the earlier of (i) the end of a six (6) consecutive month period during which, by reason of physical or mental
injury or disease, the Executive has been unable to perform substantially all of his usual and customary duties under this Agreement or (ii) the date that a reputable physician selected by the
Board, and as to whom the Executive has no reasonable objection, determines in writing that the Executive will, by reason of physical or mental injury or disease, be unable to perform substantially
all of the Executive's usual and customary duties under this
Agreement for a period of at least six (6) consecutive months. If any question arises as to whether the Executive is disabled, upon reasonable request therefore by the Board, the Executive
shall submit to reasonable medical examination for the purpose of determining the existence, nature and extent of any such disability. In accordance with Paragraph 10, the Board shall promptly
give the Executive written notice of any such determination of the Executive's disability and of any decision of the Board to terminate the Executive's employment by reason thereof. In the event of
disability, until the date of termination, the base salary payable to the Executive under Paragraph 4 hereof shall be reduced dollar-for-dollar by the amount of
disability benefits paid to the Executive in accordance with any disability policy or program of the Corporation. 

        (c)    Termination by the Company Without Cause, or Voluntary Termination by the Executive for Good Reason.    If the
Company terminates the Executive's employment other than for Cause, or the Executive voluntarily terminates his employment for Good Reason, in addition to the benefits payable under (a), the Company
will pay the following amounts and provide the following benefits: 

	(i)
	The
Base Salary and annual bonus that the Company would have paid under the Agreement had the Executive's employment continued to the end of the Employment Term. For
this purpose, annual bonus will be determined as the highest of (A) the actual bonus paid for the bonus plan year immediately preceding such termination, or (B) the target bonus for the
bonus plan year in which such termination occurs.

	(ii)
	Continued
coverage under the Company's medical, dental, life, disability, pension, profit sharing and other executive benefit plans through the end of the Employment
Term, at the same cost to the Executive as in effect on the date of the Executive's termination. If the Company determines that the Executive cannot participate in any benefit plan because he is not
actively performing services for the Company, the Company may provide such benefits under an alternate arrangement, such as through the purchase of an individual insurance policy that provides similar
benefits or, if applicable, through a nonqualified pension or profit sharing plan. To the extent that 

3

 

the
Executive's compensation is necessary for determining the amount of any such continued coverage or benefits, such compensation (Base Salary and annual bonus) through the end of the Employment Term
shall be at the highest rate in effect during the 12-month period immediately preceding the Executive's termination of employment. 

	(iii)
	Executive
perquisites on the same basis on which the Executive was receiving such perquisites prior to his employment termination, including: (A) reimbursement
for club dues through the end of the Employment Term; and (B) reimbursement of expenses relating to financial planning services, tax return preparation and annual physicals through
December 31 of the calendar year that includes the second anniversary of the Executive's employment termination. The Company will bear the cost of such perquisites, at the same level in effect
immediately prior to the Executive's employment termination. Perquisites otherwise receivable by the Executive pursuant to this Paragraph shall be reduced to the extent comparable perquisites are
actually received by or made available to the Executive without cost during the period following the Executive's employment termination covered by this Paragraph. The Executive shall report to the
Company any such perquisites actually received by or made available to the Executive.

	(iv)
	The
period through the end of the Employment Term shall continue to count for purposes of determining the Executive's age and service with the Company with respect to
eligibility, vesting and the amount of benefits under the Company's benefit plans to the maximum extent permitted by applicable law.

	(v)
	Any
outstanding stock options, restricted stock or other equity-based compensation awards shall immediately vest upon such termination date, and any such stock options
shall be immediately exercisable at any time prior to the earlier of: (A) two years; or (B) the stock option expiration or other termination date.

	(vi)
	The
Executive's bonus bank amount, if positive, as of the date of such termination.

	(vii)
	Outplacement
services, as elected by the Executive (and with a firm elected by the Executive), not to exceed $50,000 in total. 

        (d)    Good Reason.    For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following
without the Executive's consent (i) assigning duties to the Executive that are inconsistent with those of the position of Senior Vice President, Secretary and General Counsel for similar
companies in similar industries (except to the extent the Company promotes the Executive to a higher executive position); (ii) requiring the Executive to report to other than the Company's
Chief Executive Officer, or the Company's Board; (iii) the failure of the Company to pay any portion of the Executive's compensation within 10 days of the date such compensation is due;
(iv) the Company requires the Executive to relocate his principal business office to a location not within 50 miles of the Company's principal business office located in the Charlotte, North
Carolina metropolitan area, or (v) the Company's failure to continue in effect any cash or stock-based incentive or bonus plan, pension plan, welfare benefit plan or other benefit plan, program
or arrangement, unless the aggregate value of all
such arrangements provided to the Executive after such discontinuance is not materially less than the aggregate value as of the Effective Date (using, for purposes of bonus plan comparisons, the
target bonus potential before and after any such discontinuance). 

        (e)    Cause.    For purposes of this Agreement, "Cause" shall mean: (i) the Executive's willful and continued
failure to substantially perform his duties as an executive of the Company (other than any such failure resulting from incapacity due to physical or mental illness) after a written 

4

 

demand
for substantial performance is delivered to the Executive by the Board, which demand specifically identifies the manner in which the Board believes that the Executive has not substantially
performed his duties, and which gives the Executive at least 30 days to cure such alleged deficiencies, (ii) the Executive's willful misconduct, which is demonstrably and materially
injurious to the Company, monetarily or otherwise, or (iii) the Executive's engaging in egregious misconduct involving serious moral turpitude to the extent that his credibility and reputation
no longer conforms to the standard of senior executive officers of the Company. 

        (f)    Timing of Payments.    All payments described above shall be made in a lump sum cash payment as soon as
practicable (but in no event more than 10 days unless prohibited by applicable law or plan documents) following the Executive's termination of employment. If the total amount of annual bonus is
not determinable on that date, the Company shall pay the amount of bonus that is determinable and the remainder shall be paid in a lump sum cash payment at the time such bonuses are paid generally. 

        6.    Assignment; Successors.    This Agreement shall inure to the benefit of and be binding
upon the Company and its successors. The Company may not assign this Agreement without the Executive's written consent, except that the Company's obligations under this Agreement shall be the binding
legal obligations of any successor to the Company by sale, and in the event of any transaction that results in the transfer of substantially all of the assets or business of the Company, the Company
will use its best efforts to cause the transferee to assume the obligations of the Company under this Agreement. The Executive may not assign this Agreement during his life. Upon the Executive's death
this Agreement will inure to the benefit of the Executive's heirs, legatees and legal representatives of the Executive's estate. 

        7.    Interpretation.    The laws of the State of Delaware shall govern the validity,
interpretation, construction and performance of this Agreement, without regard to the conflict of laws principles thereof. 

        8.    Withholding.    The Company may withhold from any payment that it is required to make
under this Agreement amounts sufficient to satisfy applicable withholding requirements under any federal, state or local law. 

        9.    Amendment or Termination.    This Agreement may be amended at any time by written
agreement between the Company and the Executive. 

        10.    Notices.    Notices given pursuant to this Agreement shall be in writing and shall be
deemed received when personally delivered, or on the date of written confirmation of receipt by (i) overnight carrier, (ii) telecopy, (iii) registered or certified mail, return
receipt requested, addressee only, postage prepaid, or (iv) such other method of delivery that provides a written confirmation of delivery. Notice to the Company shall be directed to: 

SPX
Corporation

13515 Ballantyne Corporate Place

Charlotte, NC 28277

Attention: President and Chief Executive Officer 

The
Company may change the person and/or address to whom the Executive must give notice under this Section by giving the Executive written notice of such change, in accordance with the procedures
described above. Notices to or with respect to the Executive will be directed to the Executive, or to the Executive's executors, personal representatives or distributees, if the Executive is deceased,
or the assignees of the Executive, at the Executive's home address on the records of the Company. 

        11.    Severability.    If any provisions(s) of this Agreement shall be found invalid or
unenforceable by a court of competent jurisdiction, in whole or in part, then it is the parties' mutual desire that such 

5

 

court
modify such provision(s) to the extent and in the manner necessary to render the same valid and enforceable, and this Agreement shall be construed and enforced to the maximum extent permitted by
law, as if such provision(s) had been originally incorporated herein as so modified or restricted, or as if such provision(s) had not been originally incorporated herein, as the case may be. 

        12.    Entire Agreement.    This Agreement sets forth the entire agreement and understanding
between the Company and the Executive and supersedes all prior agreements and understandings, written or oral, relating to the subject matter hereof; provided, however, that: (i) the
Executive's Change in Control Agreement dated April 11, 2005 shall remain in full force and effect, and payments and benefits provided thereunder shall replace those provided in this Agreement
to the extent that such payments or benefits would otherwise clearly be duplicative; and (ii) the Executive's non-compete, non-solicitation, confidentiality or similar
restrictive covenants shall remain in full force and effect. 

        13.    Consultation With Counsel.    The Executive acknowledges that he has had a full and
complete opportunity to consult with counsel of the Executive's own choosing concerning the terms, enforceability and implications of this Agreement, and the Company has made no representations or
warranties to the Executive concerning the terms, enforceability or implications of this Agreement other than as are reflected in this Agreement. 

        14.    No Waiver.    No failure or delay by the Company or the Executive in enforcing or
exercising any right or remedy hereunder shall operate as a waiver thereof. No modification, amendment or waiver of this Agreement nor consent to any departure by the Executive from any of the terms
or conditions thereof, shall be effective unless in writing and signed by the Chairman of the Company's Board. Any such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. 

        15.    Effect on Other Obligations.    Payments and benefits herein provided to be paid to the
Executive by the Company shall be made without regard to and in addition to any other payments or benefits required to be paid the Executive at any time hereafter under the terms of any other
agreement between the Executive and the Company or under any other policy of the Company relating to compensation, or retirement or other benefits. Except as otherwise expressly provided herein,
payments or benefits provided the Executive hereunder shall be reduced by any amount the Executive may earn or receive from employment with another employer or from any other source. 

        16.    Survival.    All Sections of this Agreement survive beyond the Employment Term except
as otherwise specifically stated. 

        17.    Headings.    The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning thereof. 

        18.    Counterparts.    The parties may execute this Agreement in one or more counterparts,
all of which together shall constitute but one Agreement. 

        IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the date first above written. 

	
EXECUTIVE ACCEPTANCE	
 	
SPX CORPORATION
	

/s/ Ross B. Bricker
 Ross B. Bricker	
 	

By:	

/s/ Christopher J. Kearney
 Christopher J. Kearney
	

 	
 	

Its:	

President and Chief Executive Officer
	

 	
 	

Date:	

April 11, 2005

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QuickLinks

Employment Agreement of ROSS B. BRICKER

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