Document:

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                                                                     EXHIBIT 4.4

                          GRANT OF REGISTRATION RIGHTS

                   TO US BIOSERVICES CORPORATION STOCKHOLDERS

      The undersigned, in accordance with an Agreement and Plan of Merger, dated
as of the date hereof (the "Merger Agreement"), entered into by and among
AmerisourceBergen Corporation, a Delaware corporation ("AmerisourceBergen"), U
Acquisition Corporation, a Delaware corporation and wholly-owned subsidiary of
AmerisourceBergen, US Bioservices Corporation, a Delaware corporation ("US
Bioservices"), Whitney V, L.P., a Delaware limited partnership ("Whitney"), EDL
Advisors, LLC, a Delaware limited liability company, The Conundrum LLC, a
Delaware limited liability company, The Hawk Mountain LLC, a Delaware limited
liability company and Mark Clein, grants to the US Bioservices stockholders
(each, a "Stockholder" and, collectively, the "Stockholders") the following
registration rights (subject to the obligations of the Stockholders as described
herein):

      1. Registration. After the approval of the merger of US Bioservices and U
Acquisition Corporation (the "Merger") by the vote of a majority of the
Stockholders, AmerisourceBergen shall file a registration statement covering the
AmerisourceBergen common stock to be issued in connection with the Merger (the
"ABC Common Stock") as promptly as practicable, but in any event on or prior to
December 23, 2002. AmerisourceBergen shall use its reasonable best efforts to
cause the ABC Common Stock to be registered under the Securities Act of 1933
(the "Securities Act") as of the effective time of the Merger pursuant to the
registration statement, and to take all such action as may be reasonably
required to comply with all the applicable requirements of the Securities and
Exchange Commission (the "Commission") and to obtain any desired acceleration of
the effective date of the registration statement; provided, however, that prior
to the effective date of the registration statement, if the Board of Directors
of AmerisourceBergen determines in the exercise of its reasonable judgment that
due to a pending or contemplated material acquisition or disposition or public
offering or other material event it would be inadvisable to effect such
registration at such time (which determination shall be communicated by delivery
of a certified copy of the resolutions of the Board of Directors of
AmerisourceBergen or its minutes of the meeting reflecting such determination,
and a description of the relevant event and matter, all of which facts US
Bioservices and the Stockholders will keep confidential and not trade upon),
AmerisourceBergen may defer such registration for a period not to exceed ten
(10) days.

      2. Form of Registration. The registration contemplated by this Certificate
will be effected on Form S-3 (or any similar or successor short form), if
AmerisourceBergen is eligible to use such Form in connection with such
registration; if AmerisourceBergen is not eligible to use Form S-3 (or any
similar or successor short form) in connection with such registration, then the
registration will be effected on Form S-2 (or any similar or successor short
form), if AmerisourceBergen is eligible to use such Form in connection with such
registration; and if AmerisourceBergen is not eligible to use Form S-2 (or any
similar or successor short form) in connection with such registration, then the
registration will be effected on Form S-1 (or any similar or successor long
form).

      3. Information Blackout. At any time when the registration statement
effected pursuant to Section 1 of this Certificate is effective, upon written
notice from AmerisourceBergen to the representative appointed by the
Stockholders (the "Stockholders' Representative") that the Board of Directors of
AmerisourceBergen has determined in the exercise of its reasonable judgment that
(A) such registration statement contains or may contain an untrue statement of
material fact or omit or may omit to state any material fact required to be
stated therein or necessary to make the statement therein not misleading or (B)
disclosure under such registration statement of a pending or contemplated
material acquisition or disposition or public offering or other material event
would be required and inadvisable (an "Information Blackout")(which notice of
AmerisourceBergen shall provide a certified copy of the excerpts of the
resolutions of the Board of Directors of AmerisourceBergen or minutes of its
meeting reflecting such determination and a description, in reasonable detail,
of the relevant event and matter, all of which facts the Stockholders'
Representative and the Stockholders shall keep confidential and not trade upon),
AmerisourceBergen and the Stockholders shall suspend sales pursuant to the
registration statement until the earlier of (i) one day following the date upon
which such material information is disclosed to the public or ceases to be

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material (of which fact AmerisourceBergen will promptly inform the Stockholders'
Representative), (ii) 60 days after AmerisourceBergen's notice referred to in
this Section 3, or (iii) such time as AmerisourceBergen notifies the
Stockholders' Representative that sales pursuant to the registration statement
may be resumed (the number of days from such suspension of sales until the day
when such sales may be resumed hereunder, the "Sales Blackout Period"); provided
that (x) the aggregate number of days in Sales Blackout Periods in any
consecutive 12-month period may not exceed 90 days, (y) the aggregate number of
days in Sales Blackout Periods in the first 45 days following the closing date
of the Merger may not exceed 5 days and (z) there shall be no Sales Blackout
Period during the first 5 business days following the closing date of the
Merger.

      4. Registration Procedures. AmerisourceBergen will, as expeditiously as
reasonably possible:

            a. prepare and file with the Commission such amendments and
supplements to the registration statement and the prospectus used in connection
therewith as may be necessary to keep the registration statement continuously
effective for a period of not less than one year or such shorter period which
will terminate when all ABC Common Stock covered by such registration statement
has been sold (the "Registration Period") and comply with the provisions of the
Securities Act and the rules and regulations promulgated thereunder with respect
to the disposition of the ABC Common Stock covered by the registration statement
during such period in accordance with the intended methods of disposition by the
Stockholders thereof set forth in such registration statement;

            b. furnish to each individual Stockholders' Representative such
number of copies of the registration statement and of each such amendment and
supplement thereof (in each case including all exhibits), such number of copies
of the prospectus included in such registration statement (including each
preliminary prospectus and summary prospectus), in conformity with the
requirements of the Securities Act and the rules and regulations promulgated
thereunder and such other documents as any individual Stockholders'
Representative may reasonably request;

            c. use its commercially reasonable efforts to register or qualify
such ABC Common Stock covered by such registration statement under such other
securities or blue sky laws of such jurisdictions as US Bioservices or any
individual Stockholders' Representative shall request, and do any and all other
acts and things which may be necessary or advisable to enable the Stockholders
to consummate the disposition in such jurisdictions of the ABC Common Stock;
provided, however, that AmerisourceBergen shall not be required to qualify
generally to do business in any jurisdiction where it is not then so qualified
or to take any action which would subject it to general service of process in
any such jurisdiction where it is not then so subject or subject itself to
general taxation in any jurisdiction where it is not then so subject;

            d. immediately notify the Stockholders' Representative under the
registration statement and each underwriter, at any time when a prospectus
relating thereto is required to be delivered under the Securities Act, of the
happening of any event as a result of which the prospectus contained in the
registration statement, as then in effect, includes an untrue statement of a
material fact or omits to state any material fact required to be stated therein
or necessary to make the statements therein not misleading in the light of the
circumstances then existing and, at the request of any selling Stockholder,
promptly prepare a supplement or amendment to such registration statement so
that, as thereafter delivered to the purchasers of such ABC Common Stock, such
registration statement will not contain an untrue statement of a material fact
or omit to state any material fact necessary to make the statements therein not
misleading in the light of the circumstances then existing;

            e. furnish, at the request of the Stockholders' Representative, on
the date that ABC Common Stock is delivered for sale pursuant to such
registration, an opinion dated such date of counsel (which may include in-house
counsel) representing AmerisourceBergen for the purposes of such registration,
addressed to the Stockholders, (A) stating that the registration statement has
become and remains effective under the Securities Act, (B) stating that, to the
best knowledge of such counsel, no stop order suspending the effectiveness
thereof has been issued and no proceedings for that purpose have been instituted
or are pending or contemplated under the Securities Act, and (C) stating that
the registration statement and the related prospectus, and each amendment or
supplement

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thereof, comply as to form in all material respects with the requirements of the
Securities Act and the applicable rules and regulations of the Commission
thereunder (except that such counsel need not express any opinion as to
financial statements contained therein);

            f. use its commercially reasonable best efforts to cause the ABC
Common Stock to be listed on the New York Stock Exchange as of the effective
time of the Merger;

            g. in the event of the issuance of any stop order suspending the
effectiveness of a registration statement, or of any order suspending or
preventing the use of any related offering document or suspending the
qualification of any ABC Common Stock included in the registration statement or
offering document for sale in any jurisdiction, use all commercially reasonable
best efforts promptly to obtain the withdrawal of such order; and

            h. upon notification from Whitney that it has distributed ABC Common
Stock received by it in connection with the Merger to its partners, amend or
supplement the registration statement to include such distributees and other
holders of ABC Common Stock as Whitney shall identify to AmerisourceBergen as
selling stockholders including, to the extent permissible under the Securities
Act and the policies of the SEC promulgated thereunder, by aggregating such
persons as a group of selling stockholders in order to comply with the
disclosure requirements of Item 507 of Regulation S-K; provided, that in no
event shall AmerisourceBergen be required to file a post-effective amendment for
purposes of this subsection (h).

      5. Obligations of the Stockholders. The Stockholders shall cooperate with
AmerisourceBergen in the preparation and filing of the registration statement in
a timely fashion and shall use all reasonable efforts to assist
AmerisourceBergen in having the registration statement declared effective by the
Commission as promptly as practicable and in maintaining the accuracy and
effectiveness of the registration statement through the last day of the
Registration Period. If, at any time prior to the last day of the Registration
Period, a Stockholder shall obtain knowledge of any information pertaining to
the Stockholders that would require any amendment or supplement to the
registration statement, such Stockholder shall so advise AmerisourceBergen in
writing and shall promptly furnish AmerisourceBergen with all information as
they may have and shall be required for such amendment or supplement.

      6. Indemnification.

            a. Indemnification by AmerisourceBergen. Upon the registration of
any ABC Common Stock pursuant to the registration statement, AmerisourceBergen
will indemnify and hold harmless each selling Stockholder, and each underwriter,
selling agent or other securities professional, if any, that facilitates the
disposition of such shares of ABC Common Stock, as well as their respective
officers, directors and employees and each other person, if any, who controls
such seller or underwriter within the meaning of the Securities Act, against any
and all losses, to which such person may become subject under the Securities
Act, the Securities Exchange Act of 1934, or otherwise, insofar as such losses
(or actions in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of any material fact contained in the
registration statement or any prospectus contained therein or furnished by
AmerisourceBergen to such person, or any amendment thereof or supplement
thereto, or that arise out of or are based upon the omission or alleged omission
to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, and will reimburse each such person
for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss as such expenses are incurred;
provided, however, that AmerisourceBergen will not be liable in any such case if
and to the extent that any such loss arises out of or is based upon (i) an
untrue statement or alleged untrue statement or omission or alleged omission so
made in conformity with information furnished by any Stockholder in writing
specifically for use in such registration statement or prospectus or amendment
or supplement or (ii) an untrue statement or alleged untrue statement, omission
or alleged omission in a registration statement or any prospectus contained
therein if such untrue statement or alleged untrue statement, omission or
alleged omission is corrected in an amendment or supplement to the registration
statement or prospectus, which amendment or supplement is delivered to the
Stockholder or the indemnified party in a timely manner and such party
thereafter

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fails to deliver such registration statement or prospectus as so amended or
supplemented prior to or concurrently with the sale of such ABC Common Stock by
the Stockholder or indemnified party. The indemnification provided for under the
Merger Agreement will remain in full force and effect regardless of any
investigation made by or on behalf of the indemnified party or any officer,
director or controlling person of such indemnified party and will survive the
transfer of securities.

            b. Indemnification by Stockholders. Upon the registration of any ABC
Common Stock pursuant to the registration statement, each Stockholder will,
severally, indemnify and hold harmless AmerisourceBergen, as well as its
respective officers, directors, employees and each other person, if any, who
controls such person within the meaning of the Securities Act, against any and
all losses, to which such person may become subject under the Securities Act,
the Securities Exchange Act of 1934, or otherwise, insofar as such losses (or
actions in respect thereof) arise out of or are based upon any untrue statement
or alleged untrue statement of any material fact contained in the registration
statement or any prospectus contained therein, or any amendment thereof or
supplement thereto, or that arise out of or are based upon the omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, in each case, to the
extent that such untrue statement or alleged untrue statement or omission or
alleged omission was made in reliance on and in conformity with information
furnished by such Stockholder regarding such Stockholder in writing specifically
for use in such registration statement or prospectus or amendment or supplement
and will reimburse each such person for any legal or other expenses reasonably
incurred by them in connection with investigating or defending any such loss as
such expenses are incurred. The indemnification provided for under the Merger
Agreement will remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party or any officer, director or
controlling person of such indemnified party and will survive the transfer of
securities.

            c. Contribution. If the indemnification provided for in this Section
6 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any losses referred to in this Section 6, the
indemnifying party, in lieu of indemnifying such indemnified party thereunder,
shall to the extent permitted by applicable law contribute to the amount paid or
payable by such indemnified party as a result of such loss, in such proportion
as is appropriate to reflect the relative fault of the indemnifying party on the
one hand and of the indemnified party on the other in connection with the
circumstances that resulted in such loss, as well as any other relevant
equitable considerations. The relative fault of the indemnifying party and of
the indemnified party shall be determined by a court of law by reference to,
among other things, whether the untrue statement or alleged untrue statement of
a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the indemnifying party or by the indemnified
party and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission; provided, however,
that in no event shall the aggregate contribution obligation by any Stockholder
hereunder exceed the net proceeds from the offering received by such
Stockholder. The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 6 were determined by pro rata allocation
or any other method of allocation which does not take into account the equitable
consideration referred to in this Section 6.

      IN WITNESS WHEREOF, I have executed this Certificate on the undersigned's
behalf as of the 13th day of December, 2002.

                                        AMERISOURCEBERGEN CORPORATION

                                            By: /s/ William D. Sprague
                                               _________________________________
                                               Name: William D. Sprague
                                               Title: Vice President, General
                                                 Counsel and Secretary

                                     II-10Lease Agreement

 EXHIBIT 10.12 
  
 LEASE AGREEMENT 
  
 1.    PARTIES:    This Lease is made and
entered into in La Jolla, City of San Diego, State of California, this 9th day of September, 2002, by and between GIRARD INVESTMENTS, a California partnership, doing business as GIRARD INVESTMENTS (hereinafter referred to as
“Lessor”) and DICKIE WALKER MARINE, INC., a Delaware corporation, dba “Dickie Walker” (hereinafter referred to as “Lessee”). 
  
 2.    PREMISES:    Lessor hereby leases to Lessee, and Lessee hereby hires from Lessor, the following described real property, herein known as 7868
GIRARD AVENUE, LA JOLLA, CALIFORNIA 92037, and consisting of approximately 1,650 square feet. Said Lease is subject to the terms, covenants and conditions hereinafter set forth and Lessee covenants, as a material part of the
consideration for this Lease, to keep and perform each and all of said terms, covenants and conditions and this Lease is made upon the condition of said performance. 
  
 3.    TERM:    The term of this Lease shall be for a period of TEN (10) YEARS years, commencing on SEPTEMBER 1, 2002 and
ending at midnight on AUGUST 31, 2012 unless sooner terminated as hereinafter provided, with TWO (2) options to renew for a further period of FIVE (5) years each, on the same terms as the existing LEASE
AGREED between Lessor and Lessee. Lessee’s obligations to pay rent shall commence NOVEMBER 1, 2002, or upon opening for business, whichever is earlier. SEE ADDENDUM. 
  

4.    POSSESSION:    If the lessor, for any reason whatsoever, cannot deliver possession of said Premises to the Lessee at the commencement of
the term hereof, this Lease shall not be void or voidable, nor shall Lessor be liable to Lessee for any loss or damage resulting between the commencement of said term and the time when Lessor delivers possession. In the event that the Lessor shall
permit Lessee to occupy the Premises prior to the commencement date of the term, such occupancy shall be subject to all the provisions of the Lease. Said early possession shall not advance the termination date hereinabove provided. 

 
 5.    BASE RENT:    Lessee agrees to pay Lessor, without prior notice or demand, for the
“Premises”, the sum of SEVEN THOUSAND AND TWELVE AND 50/100THS U.S. DOLLARS ($7,012.50), subject to the adjustment as hereinafter provided, on or before the first day of the first full calendar month of the term hereof and
like sum on or before the first day of each and every successive calendar month thereafter during the term hereof, except that the first month’s rent shall be paid upon the execution of this Lease. Rent for any period which is for less than one
(1) month shall be prorated for that portion of the monthly installment based upon a thirty (30) day month. Said rental shall be paid to Lessor without deduction or offset in lawful money of the United States of America at the office designated by
the Lessor or to such other person or place as the Lessor may from time to time designate. 
  
 6.    SECURITY
DEPOSIT:    Lessee has deposited with Lessor the sum of EIGHT THOUSAND SEVENTY-EIGHT AND 50/100THS U.S. DOLLARS ($8,078.50). Said sum shall be held by Lessor as security for the faithful performance of Lessee of
all the terms, covenants and conditions of this Lease to be kept and performed by Lessee during the term hereof. If Lessee defaults with respect to any provision of this Lease, including but not limited to the provisions relating to the payment of
rent, Lessor may (but shall not be required to) use, apply or retain all or any part of this security deposit for the payment of any rent or any other sum in default or for the payment of any amount which Lessor may spend or become obligated to
spend by reason of Lessee’s default. If any portion of said deposit is so used or applied, Lessee shall, within five (5) days after written demand therefore, deposit cash with Lessor in an amount sufficient to restore the security deposit to
its original amount and Lessee’s failure to do so shall be a material breach of this Lease. Lessor shall not be required to keep this security deposit separate from its general funds, and Lessee shall not be entitled to interest on such
deposit. If Lessee shall fully and faithfully perform every provision of this Lease to be performed, the security deposit shall be returned to Lessee (or at Lessor’s option, to the last assignee of Lessee’s interest hereunder) at the
expiration of the Lease term. In the event of termination of Lessor’s interest in this Lease, Lessor shall transfer said deposit to Lessor’s successor in interest. 
  
 7.    BASE RENTAL ADJUSTMENT & LATE CHARGES:    Lessee hereby acknowledges that late payment by Lessee to Lessor of base rent or other sums due
hereunder will cause Lessor to incur costs and expenses, including but not limited to attorney’s fees, not otherwise contemplated by this Lease, the exact amount of which would be extremely difficult to ascertain. Accordingly, if any
installment of base rent is not paid by Lessee and received by Lessor on the due date thereof (5. Base Rent), or if any other sum due Lessor from Lessee under the terms of this lease is not so paid by Lessee and received by Lessor within five (5)
days after written notice to Lessee of the amount of said other sum due Lessor, Lessee agrees to pay to Lessor, as and for additional rent, at Lessor’s option, an amount equivalent to the sum of one (1%) percent of said base rent installment or
other sum so due, per day, commencing on the tenth (10th) day after the date said base rent or other sum
is due Lessor, and the actual attorney’s fees and costs, if any, so incurred by Lessor by reason thereof. The parties hereby agree that such adjustment to rent represents a fair and reasonable estimate of costs and expenses Lessor will incur by
reason of late payment by Lessee and fair and reasonable compensation to Lessor thereof. 
  
 8.    REAL ESTATE TAXES
AND ASSESSMENTS:    As additional rent under the terms of this Lease, Lessee covenants and agrees to pay Lessor, Lessee’s proportionate share of all real property taxes and other assessments levied against the Building
known as 7868-7874 GIRARD AVENUE, LA JOLLA CALIFORNIA 92037 (land and building). Assessor’s Parcel Number: 350-082-18. Lessee’s proportionate share of said taxes and assessments shall be: TWENTY-FIVE PERCENT (25%).
Lessor shall serve written notice upon Lessee setting forth the amount of Lessee’s percentage of said taxes or assessments. Lessee covenants and agrees to pay Lessor said sums, when billed by Lessor to Lessee, on a monthly, quarterly,
semi-annual, or annual basis. Said billing periods to be determined at the option of Lessor. If Lessee shall fail to pay any such taxes, 14 days before the City of San Diego’s delinquent date for taxes is passed. Lessor shall have the right to
pay the same in which case lessee shall repay such amounts to Lessor immediately, together with a 10% penalty, or such other delinquency charges levied by the City of San Diego. SEE ADDENDUM. 
  
 9.    BASE RENTAL ADJUSTMENT:    The base rent (5. Base Rent) shall increase two percent (2%) each
year over the base rent per month of the previous year so that the total base rent due for each succeeding twelve month period, or any portion, extension or renewal thereof, shall two percent (2%) more than the previous year, or said
base rent shall be increased 

 
 1 

 in accordance with the increase in the Consumer Price Index (CPI), whichever is the greater.** (SEE BELOW). That is to say, the increase in the
minimum base rent shall be greater of either two percent (2%) or in the same percentage proportion that the Consumer Price Index, as published by the U.S. Department of Labor, Bureau of Labor Statistics, covering the cost of All items
for all Urban Consumers (CPI-U) for the Los Angeles, California area, shall increase prior to that adjustment date before commencement date of this Lease, last (CPI-U) index Publishing. For calculating such index increase, the base month shall be
the month on which the last (CPI-U) index was published prior to the commencing one year commencing SEPTEMBER 1, 2002, and on each succeeding year during the term of this Lease, the base month shall be the month on which the last (CPI-U) index was
published prior to the date of the last adjustment. The minimum base rent for each succeeding one year period during the term of this Lease, shall be increased from the amount of the previous years rent, by the same increase as the percentage of
increase between the last (CPI-U) index and the comparison month index as described herein. Lessor shall annually serve written notice upon Lessee advising the amount of the base rent adjustment. ** But in no case shall the annual CPI increase
be greater than five percent (5%) per year; however, in the event the actual CPI in any given year is greater than seven percent (7%), the Lessee shall also pay one-half (1/2) of the CPI increase above seven percent (7%). 

 
 9 (A).    BASE RENTAL ADJUSTMENT; TRIPLE NET COSTS:    The initial triple net estimates are
$1,066.00 per month. In the event that the triple net costs are lower or greater than $1,066.00 per month, an adjustment shall be made at the anniversary date of the base rental adjustment. SEE ADDENDUM.

  
 10.    USE:    Lessee shall use the Premises for the sole purpose of retail sale of
NAUTICALLY-INSPIRED APPAREL, GIFTS, DECORATIVE ITEMS AND ANY OTHER RELATED ITEMS NORMALLY SOLD BY DICKIE WALKER MARINE, INC. and shall not use or permit the Premises to be used for any other purpose without the written consent of the
Lessor. Lessee shall not, without written consent of the Lessor, do or permit anything to be done in or about the Premises, nor bring or keep anything therein which will in any way increase the existing rate of or affect any fire or other insurance
upon the Building, or any adjoining buildings controlled by the Lessor, or any of its contents. Lessee shall not do or permit anything to be done in or around the Premises which will in any way obstruct or interfere with the rights of other Lessees
or occupants of the Building or injure or annoy them or use or allow the Premises to be used for any improper, immoral, unlawful or objectionable purpose, nor shall Lessee cause, maintain or permit any nuisance in, on, or about the Premises.

  
 11.    COMPLIANCE WITH LAW:    Lessee shall not use the Premises or permit anything to be
done in or about the Premises which will in any way conflict with any law, statute, ordinance or governmental rule or regulation now in force or which may hereafter be enacted or promulgated. Lessee shall, at its sole cost and expense, promptly
comply with all laws, statutes, ordinances and governmental rule, regulations or requirements now in force or which may hereafter be in force, and with the requirements of any board of fire insurance underwriters or other similar bodies now or
hereafter constituted, relating to or affecting the condition not related to or affected by Lessee's use of the Premises, improvements or acts. The judgement of any court of competent jurisdiction or the admission of Lessee in any action against
Lessee, whether Lessor be a party thereto or not, that Lessee has violated any law, statute, ordinance or governmental rule, regulation or requirement, shall be conclusive of the fact as between the Lessor and Lessee. 
  
 12.    ALTERATIONS AND ADDITIONS:    Lessee shall not make or suffer to be made any alterations, additions or
improvements to or of the Premises or any part thereof without the written consent of Lessor first had and obtained. Any alterations, additions, or improvements to or of said Premises, including but not limited to, partitions, carpeting, wall
covering, paneling, and built-in cabinet work, but excepting moveable furniture and trade fixtures, shall on the expiration of the term become a part of the realty and belong to the Lessor and shall be surrendered with the Premises. In the event
Lessor consents to making of any alterations, additions or improvements to the Premises by Lessee, the same shall be made by Lessee at Lessee's sole cost and expense and any contractor or person selected by Lessee to make the same must first be
approved of in writing by the Lessor. Upon the expiration of or sooner termination of the term hereof, Lessee shall, upon written demand by Lessor, given at least thirty (30) days prior to the end of the term, at Lessee's sole cost and expense,
forthwith and with all due diligence remove any alterations, additions, or improvements made by Lessee, designated by Lessor to be removed, and Lessee shall forthwith and with all due diligence, at its sole cost and expense, repair any damage to the
Premises or decoration caused by such removal. SEE ADDENDUM. 
  
 13.    REPAIRS: 
  
 A.    By taking possession of the Premises, Lessee shall be deemed to have accepted the Premises as being in good, sanitary order, condition,
and repair. Lessee shall, at Lessee's sole cost and expense, keep the Premises and every part thereof, interior and exterior and roof, in good and safe condition and repair including plate glass, electrical wiring, plumbing, heating and or air
conditioning installations, and any other system or equipment upon the Premises. Lessee shall also maintain in good condition such portion adjacent to the Premises, including front and side yards, sidewalks, driveways and shrubbery which would
otherwise be required to be maintained by Lessor, damage thereto from causes beyond the reasonable control of Lessee and ordinary wear and tear excepted. Lessee shall, upon the expiration or sooner termination of this Lease hereof, surrender the
Premises to the Lessor in good condition, ordinary wear and tear and damage caused beyond the reasonable control of Lessee excepted. Except as specifically provided in an addendum, if any, to this Lease, Lessor shall have no obligation whatsoever to
alter, remodel, improve, repair, decorate or paint the Premises or any part thereof and the parties hereto affirm that Lessor has made no representations to Lessee respecting the condition of the Premises of the Building except as specifically
herein set forth. In the event the Lessor or its agents call upon the Lessee to make repairs to the Premises as required by its agents, architect, or engineer, and the Lessee fails to have such repairs carried out within 14 days by a competent
contractor to the Lessor's satisfaction, the Lessor shall have the right, after the expiry of the beforementioned 14 days notice, to order a contractor to carry out or complete such repairs to Lessor's satisfaction. The Lessee shall pay the cost of
such repairs within seven (7) days of the receipt of the amount of the cost. In the event that payments is not made by Lessee within said seven (7) day period, then interest at the Bank of America prime rate plus 2% shall be added to the amount
due. SEE ADDENDUM. 
  
 B.    In the event the described Premises herein are occupied by multi-tenants, Lessee's
percentage or cost shall be 25% unless such maintenance and repairs are caused in part or in whole by the act, neglect, fault or omission of any duty by the Lessee, its agents, servants, employees, or invitees, in which case Lessee shall pay to
Lessor the cost of such maintenance and/or repairs. Lessee recognizes and acknowledges that due to the age, type of construction, remodeling, alterations, and additions made during the life span of the property, there have been and may continue to
be damage and water leakage to the demised Premises caused directly or indirectly by rainstorms, or other conditions associated with the age, type, construction, or usage of said property. Lessee understands and agrees that, due to the
aforedescribed circumstances and 
  

 
 2 

 conditions affecting said property, Lessor cannot and does not warrant that water and any other form of damage to the demised Premises will not
occur during the term of the Lease and accordingly Lessor shall not be responsible for same leakage or damage. SEE ADDENDUM. 
  
 C.    The Lessee hereby waives all rights to make repairs at the expenses of the Lessor as provided in sections 1941 & 1942 of the Civil Code of the State of California. SEE ADDENDUM. 

 
 14.    LIENS:    Lessee shall keep the Premises and the property in which the Premises are situated
free from any liens arising out of any work performed, materials furnished or situations incurred by Lessee. Lessor may require, at Lessor’s sole option, that Lessee shall provide to Lessor, at Lessee’s sole cost and expense, a lien and
completion bond in an amount equal to one and one-half (1 1/2) times any and all estimated cost of any
improvements, additions, or alterations in the Premises, to insure Lessor against any liability for mechanics and materialmen’s liens and to insure completion of the work. Lessor shall have the right to post a notice of non-responsibility with
respect to any alterations, improvements or repairs made by Lessee to the Premises. 
  
 15.    ASSIGNMENT AND
SUBLETTING:    Lessee shall not, either voluntarily or by operation of law, assign, transfer, mortgage, pledge, hypothecate or encumber this Lease or any interest therein, and shall not sublet said Premises or any part
thereof, or any right or privilege appurtenant thereto, or suffer any other person (the employees, agents servants and invitees of Lessee excepted) to occupy or use said Premises, or any portion thereof, without the written consent of Lessor first
had and obtained, which consent shall not be unreasonably withheld, provided the proposed assignee is proved financially stable and that all rents and other charges have been fully discharged and the Lessee shall not be in default of any terms and
conditions of the Lease. Consent to one assignment, subletting, occupation or use by another person shall not be deemed to be a consent to any subsequent assignment, subletting, occupation or use by another person. Any such assignment or subletting
without such consent shall be void and shall at the option of the Lessor, constitute a default under this Lease. As a consideration for Lessor’s consent to Lessee to assign or sublet the Premises, Lessee agrees to pay Lessor’s legal costs
and the sum of $150.00 for each proposed sublet or assignment to cover Lessor’s administrative expenses which shall accompany every application to assign the Lease. Lessee covenants and agrees that in the event Lessee receives Lessor’s
consent to sublet or assign this Lease, and the rental to be received by Lessee from such sublet or assignment is in excess of the amount of base rent Lessee is required to pay under the terms of this Lease, said excess rent will be remitted to
Lessor or a monthly basis. SEE ADDENDUM. 
  
 16.    HOLD HARMLESS:    Lessee shall
indemnify and hold harmless Lessor against and from any and all claims arising from Lessee’s use of the Premises for the conduct of its business or from any activity, work or other things done, permitted or suffered by the Lessee in or about
the Building, and shall further indemnify and hold harmless Lessor against and from any and all claims arising from any breach or default in the performance of any obligation on Lessee’s part to be performed under the terms of the Lease, or
arising from any act or negligence of the Lessee, or any officer, agent, employee, guest, or invitee of Lessee, and from all and against all costs, attorney’s fees, expenses and liabilities incurred in or about any such claim, action or
proceeding to be brought there on, and, in any case, action or proceeding brought against Lessor by reason of any such claim, Lessee shall, upon notice from Lessor, defend the same at Lessee’s expense by counsel reasonably satisfactory to
Lessor. Lessee, as a material part of the consideration to Lessor, hereby assumes all risk of a material part of the consideration to Lessor and hereby assumes all risk of damage to property or injury to persons, in, upon or about the Premises, from
any cause other than Lessor’s negligence, and Lessee hereby waives all claims in respect thereof against Lessor. Lessor or its agents shall not be liable for any damage to property entrusted to employees of the Building nor for loss or damage
to any property by theft or otherwise, nor for any injury to or damage to persons in the property resulting from fire, explosion, failing plaster, steam, gas, electricity, water or rain which may leak from any part of the Building or from the pipes,
appliances or plumbing works therein or from the roof, street or subsurface or from any other place resulting from dampness or any other cause whatsoever, unless caused by or due to the negligence of Lessor, its agents, servants or employees. Lessor
or its agents shall not be liable for interference with the light or other incorporeal hereditaments, loss of business by Lessee, nor shall Lessor be liable for any latent defect in the Premises or in the Building. Lessee shall give prompt notice to
Lessor in case of fire or accidents in the Premises or in the Building or defects therein or in the fixtures or equipment. 
  
 17.    SUBROGATION:    As long as their respective insurers so permit, Lessor and Lessee hereby mutually waive their respective rights of coverage and other property insurance policies
existing for the benefit of the respective parties. Each party shall obtain any special endorsements, if required by their insurer, to evidence compliance with the aforementioned waiver. SEE ADDENDUM. 
  
 18.    LIABILITY INSURANCE:    Lessee shall, at Lessee’s expense, obtain and keep in force during the term of
this Lease a policy of comprehensive public liability insurance insuring Lessor and Lessee against any liability arising our of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Lessee may obtain said
insurance under a blanket policy, providing, however, said insurance by Lessee shall have a Lessor’s protective liability endorsement attached thereto. If Lessee shall fail to procure and maintain said insurance, Lessor may, but shall not be
required to, procure and maintain same, but at the expense of Lessee. Insurance required hereunder, shall be in companies rated A+AAA or better in ‘Best’s Insurance Guide’. Lessee shall deliver to Lessor prior to occupancy of the
Premises copies of policies of liability insurance required herein or certificates evidencing the existence and amounts of such insurance with loss payable clauses satisfactory to Lessor. No policy shall be cancelable or subject to reduction of
coverage except after ten (10) days prior written notice to Lessor. Lessee agrees and covenants to acquire and maintain a minimum liability policy of $1,000,000.00 for injuries to one (1) person and $1,000,000.00 for property damage. 

 
 19.    PROPERTY TAXES:    Lessee shall pay or cause to be paid, 14 days before delinquency, any and all
taxes levied or assessed and which become payable during the term hereof upon all Lessee’s leasehold improvements, equipment, furniture, fixtures and personal property located in the Premises; except that which has been paid by Lessor and is
the personal property of the Building. In the event any or all any fixtures and personal property shall be assessed and taxed with the Building, Lessee shall pay to Lessor its share of such taxes within ten (10) days after delivery to Lessee by
Lessor of a statement in writing setting forth the amount of such taxes applicable to Lessee’s property. 
  
 20.    HOLDING OVER:    If Lessee remains in possession of the Premises or any part thereof after the expiration of the term hereof, with the express written consent of Lessor, such
occupancy shall be a tenancy from month-to-month at a rental in the amount of the last monthly rent installment, plus all other charges payable hereunder, and upon all the terms hereof applicable to a month-to-month tenancy. 

 
 3 

  
 21.    ENTRY BY LESSOR:    Lessor reserves and shall,
with notice to Lessee and with Lessee’s written approval, have the right to enter the Premises with prospective purchasers or lessees, to post notices of non-responsibility, and to alter, improve, or repair the Premises and any portion of the
Building of which the Premises are a part that may deem necessary or desirable, without abatement of rent and may for that purpose erect scaffolding and other necessary structures where reasonably required by the character of the work to be
performed, always providing that the entrance to the Premises shall not be blocked thereby, and further providing that the business of the Lessee shall not be interfered with unreasonably. Lessee hereby waives any claim for damages or for any injury
or inconvenience to or interference with Lessee’s business, any loss of occupancy or quiet enjoyment of the Premises, and any other loss occasioned thereby. For each of the aforesaid purposes, Lessor shall at all times have and retain a key
with which to unlock all of the doors in, upon and about the Premises excluding Lessee’s vaults, safes, and files, and Lessor shall have the right to use any and all means which Lessor may deem proper to open said doors in an emergency, in
order to obtain entry to the Premises without liability to Lessee, except for any failure to exercise due care for Lessee’s property. Any entry to the Premises obtained by Lessor by any of the said means or otherwise shall not under any
circumstances be considered or deemed to be forcible or unlawful entry into, or a detaining of the Premises, or an eviction of Lessee from the Premises or any portion thereof. SEE ADDENDUM. 
  
 22.    RECONSTRUCTION:    In the event the Premises or the Building of which the Premises are a part are damaged
by fire or other perils covered by extended coverage insurance, and if Lessor elects at his sole option, to repair or rebuild and shall in writing give Lessee thirty (30) days written notice of such intention, then Lessee shall be entitled to a
proportionate reduction of the rent while such repairs are being made. Such proportionate reduction to be based upon the extent to which the making of such repairs shall materially interfere with the business carried on by the Lessee in the
Premises. If the damage is due to the fault or neglect of Lessee or its employees, there shall be no abatement of rent. In the event the destruction of the Premises or the Building is to an extent greater than ten (10%) percent of the full
replacement cost or is caused by a peril not covered by insurance, then, in either event, Lessor shall have the option: (1) to repair or restore such damage, this Lease continuing in full force and effect, but rent to be proportionately reduced as
herein above in this article provided: or (2) give notice to Lessee at any time within sixty (60) days after such damage terminating this Lease as of the date specified in such notice, which date shall not be less than thirty (30) days and not more
than sixty (60) days after filing of such notice.** In the event of giving such notice, this Lease shall expire and all interest of the Lessee in the Premises shall terminate on the date so specified in such notice and the rent, reduced by a
proportionate amount based upon the extent, if any, to which such damage materially interfered with the business carried on by Lessee in the Premises, shall be paid up to the date of such termination. **SEE ADDENDUM. 
  
 23.    DEFAULT:    The occurrence of any one or more of the following events shall constitute default and breach
of this Lease by Lessee. 
  
 a. The vacating or abandonment of the Premises by Lessee. 
  

b. The failure by Lessee to make any payment of rent or any other payment required to be made by Lessee hereunder, as and when due, where such failure shall continue for a period of three
(3) business days after written notice thereof by Lessor to Lessee. 
  
 c. The failure of Lessee to observe or perform any of the covenants,
conditions or provisions of this Lease to be observed or performed by the Lessee, other than described in Article 24b, where such failure shall continue for a period of thirty (30) days after written notice thereof by Lessor to Lessee; provided,
however, that if the nature of Lessee’s default is such that more than thirty (30) days are reasonably required for its cure, then Lessee shall not be deemed to be in default if Lessee commences such cure within said thirty (30) day period and
thereafter diligently prosecutes such cure to completion. 
  
 d. The making by Lessee of any general assignment or general arrangement for
the benefit of creditors; or the filing by or against Lessee of a petition to have Lessee adjudged as bankrupt, or a petition or reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against
Lessee, the same is dismissed within sixty (60) days); or the appointment of a trustee or a receiver to take possession of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where possession
is not restored to Lessee within thirty (30) days; or attachment, execution or other judicial seizure of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where such seizure is not
discharged in thirty (30) days. 
  
 24.    REMEDIES IN DEFAULT:    In the event of any such
material default or breach by Lessee, Lessor may at any time thereafter with or without notice or demand and without limiting Lessor in the exercise of a right or remedy which Lessor may have by reason of such default breach: 

 
 a. Terminate Lessee’s right to possession of the Premises by any lawful means, in which case this Lease shall terminate and Lessee shall
immediately surrender possession of the Premises to Lessor. In such event Lessor shall be entitled to recover from Lessee all damages incurred by Lessor by reason of Lessee’s default, including but not limited to, the cost of recovering
possession of the Premises; expenses of re-letting, including necessary renovation and alteration of the Premises, reasonable attorney’s fees, any real estate commission actually paid; the worth at the time of such award exceeds the amount of
such rental loss for the same period that Lessee proves could be reasonably avoided; that portion of the leasing commission paid by Lessor and applicable to the rate of ten percent (10%), or Bank of America prime rate, which ever is higher per
annum. In the event Lessee shall have abandoned the Premises, Lessor shall have the option of: (a) taking possession of the Premises and recovering from Lessee the amount specified in this paragraph; or b) proceeding under the provisions of the
following Article 24b. 
  
 b. Maintain Lessee’s right to possession, in which case this Lease shall continue in effect whether or not
Lessee shall have abandoned the Premises. In such event Lessor shall be entitled to enforce all of Lessor’s rights and remedies under this Lease including the right to recover the rent as it becomes due hereunder. 
  
 c. Pursue any other remedy now or hereafter available to Lessor under the laws or judicial decision of the State in which the Premises are located. 

 
 25.    EMINENT DOMAIN:    If more than twenty-five (25%) percent of the floor area of the Premises
shall be taken or appropriated by any public or quasi-public authority under the power of eminent domain, either party hereto shall have the right, at its option, to terminate this Lease, or Lessor shall be entitled to any and all income, rent
award, or any interest therein whatsoever which may be paid or made in connection with such public or quasi-public use or purpose and Lessee 

 
 4 

  
 shall have no claim against Lessor for the value of and unexpired term of this Lease. If either less
than or more than twenty-five (25%) percent of the Premises is taken, and neither party elects to terminate as herein provided, the rental thereafter to be paid shall be equitably reduced. If any part of the Building other than the Premises shall be
so taken or appropriated which would materially interfere with the business carried on by the Lessee in the Premises, Lessor shall have the right at its option to terminate this Lease and shall be entitled to the entire award as above provided.
SEE ADDENDUM. 
  
 26.    OFFSET STATEMENT:    Lessee shall, at any time and from time
to time upon not less than ten (10) days prior written notice from Lessor, execute, acknowledge and deliver to Lessor a statement in writing (a) certifying that this Lease is unmodified and in 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 rental and other charges are paid in advance, if any, and (b) acknowledging that there are not, to Lessee’s
knowledge, any uncured defaults if any are claimed. Any such statement may be relied upon by any prospective purchaser or encumbrancer of all or any portion of the real property of which the Premises are a part. 
  
 27.    AUTHORITY OF PARTIES:    If Lessee is a corporation, each individual executing this Lease on behalf of said
corporation represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of said corporation, in accordance with a duly adopted resolution of the Board of Directors of said corporation, and that this Lease is
binding upon said corporation in accordance with its terms. 
  
 28.    GENERAL PROVISIONS: 

 
 A.    Plats and Riders.    Clauses, plats and riders, if any, signed by the Lessor and the Lessee and
endorsed on or affixed to this Lease are a part hereof. 
  
 B.    Waiver.    The waiver by
Lessor of any term, covenant or condition herein contained shall not be deemed to be a waiver of such term, covenant or condition on any subsequent breach of the same or any other term, covenant or condition herein contained. The subsequent
acceptance of rent hereunder by Lessor shall not be deemed to be a waiver of any preceding breach by Lessee of any term, covenant or condition of this Lease, other than the failure of the Lessee to pay the particular rental so accepted, regardless
of Lessor’s knowledge of such preceding breach at the time of the acceptance of such rent. 
  
 C.    Notices.    All notices and demands which may or are to be required or permitted to be given by either party to the other hereunder shall be in writing. All notices and demands by
the Lessor to the Lessee shall be sent by United States mail, certified, postage prepaid, addressed to the Lessee at the Premises, or to such other place as Lessee may from time to time designate in a notice to the Lessor. All notices and demands by
the Lessee to the Lessor shall be sent by United States Mail, certified, postage prepaid, addressed to the Lessor at the office address on the Lease, or to such person or place as the Lessor may from time to time designate in a notice to the Lessee.
All notices and demands given by the Lessor shall be deemed given three (3) business days following deposit in the mail as above provided. All notices given the Lessee to the Lessor shall be deemed thirty (30) days after being sent by certified mail
to the Lessor. 
  
 Lessor’s Address for Notices: P.O. BOX 465, LA JOLLA, CA 92038. 
  
 D.    Joint Obligation.    If there be more than one Lessee the obligations hereunder imposed upon Lessees shall
be joint and several. 
  
 E.    Marginal Headings.    The marginal headings and Article
titles to the Articles of this Lease are not a part of this Lease and shall have no effect upon the construction or interpretation of any part hereof. 
  
 F.    Time.    Time is of the essence of this Lease and all of its provisions in which performance is a factor. 
  
 G.    Successors and Assigns.    The covenants and conditions herein contained, subject to the provisions as to assignment, apply to and bind the heirs,
successors, executors, administrators and assigns of the parties hereto. 
  
 H.    Recordation.    Neither Lessor nor Lessee shall record this hereunder and, observing and performing all of the covenants, conditions and provisions on Lessee’s part to be
observed and performed hereunder, Lessee shall have quiet possession of the Premises for the entire term hereof, subject to all the provisions of this Lease. 
  
 I.    Prior Agreements.    This Lease contains all of the agreements of the parties hereto with respect to any matter covered or mentioned in this Lease, and no prior agreements
or understanding pertaining to any such matters shall be effective for any purpose. No provision of this Lease may be amended or added to except by an agreement in writing by the parties hereto or their respective successors in interest. This Lease
shall not be effective or binding on any party until fully executed by both parties thereto. 
  
 J.    Inability To
Perform.    This Lease and the obligations of the Lessee hereunder shall not be affected or impaired because the Lessor is unable to fulfill any of its obligations hereunder or is delayed in doing so, if such inability or
delay is caused by reason of strike, labor troubles, acts of God, or any other cause beyond the reasonable control of the Lessor. 
  
 K.    Attorneys’ Fees.    In the events of any action or proceeding brought by either party against the other under this Lease the prevailing party shall be entitled to recover all
costs and expenses including the fees of its attorneys in such action or proceeding in such amount as the court may adjudge reasonable as attorney’s fees. 
  
 L.    Sale of Premises by Lessor.    In the event of any sale of the Building, Lessor shall be and is entirely freed and relieved of all liability under any and all of its
covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale and the purchaser, at such sale or any subsequent sale of the Premises, shall be deemed,
without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of the Lessor under this Lease.

  
 M.    Subordination; Attornment.    Upon request of the Lessor, Lessee will in writing
subordinate its right hereunder to the lien of any first mortgage, or first deed of trust to any bank, insurance company or other lending institution, now or hereafter in force against the land and Building of which the Premises are a part, and upon
any buildings hereafter placed upon the land of which the Premises are a part, and to all advances made or hereafter to be made upon the security thereof. In the event any proceedings are brought for foreclosure, or in the event of the exercise of
the power of sale under any mortgage or deed of trust made by the Lessor covering the Premises, the Lessee shall attorn to the purchaser upon any such foreclosure or sale and recognize such purchaser as the Lessor under this Lease. The provisions of
this Article to the 

 
 5 

  
 contrary notwithstanding, and so long as Lessee is not in default hereunder, this Lease shall remain in
full force and effect for the full term hereof. 
  
 N.    Name.    Lease shall not use the
name of the Building or of the development in which the Building is situated for any purpose other than as an address of the business to be conducted by the Lease in the Premises. 
  
 O.    Separability.    Any provision of this Lease which shall prove to be invalid, void or illegal shall in no way effect, impair, or invalidate any
other provision hereof and such other provision shall remain in full force and effect. 
  
 P.    Cumulative
Remedies.    No remedy or election hereunder shall be deemed exclusive but shall, whenever possible, be cumulative with all other remedies at law or in equity. 
  
 Q.    Choice of Law.    This Lease shall be governed by the laws of the State in which the Premises are located. 
  
 R.    Signs and Auctions.    Lessee shall not place any sign upon the Premises or Building or conduct any auction
thereon without Lessor’s written consent. 
  
 29.    Lessee shall faithfully observe and comply with the
rules and regulations that Lessor shall from time to time promulgate. Lessor reserves the right from time to time to make reasonable modifications to said rules. The additions and modifications to those rules shall be binding upon Lessee upon
delivery of a copy of them to Lessee. Lessor shall not be responsible to Lessee for the non-performance of any of said rules by any other Lessees or occupants. 
  
 30.    As additional rental hereunder, Lessee further agrees to pay when due TWENTY-FIVE (25%) percent of the water rates for the entire Building and all charges incurred by Lessee
for lighting, heating, power, telephone service, gas and other utilities used in or about the Premises or any part thereof during the term of this Lease and to pay any and all license fees which may be levied, assessed or imposed by ordinance or by
law by reason of the use of said Premises by Lessee and to pay any costs of Lessee’s trash collection. Lessee further agrees to pay TWENTY-FIVE (25%) percent of Lessor’s costs of keeping the Building fully insured against
fire, damage, liability, and loss of rent. Lessee further agrees to pay all sums due within five (5) days of receipt or realize a penalty equal to the Bank of America prime rate plus two (2%) percent of the amount owing. 
  
 31.    Where Lessor’s consent is to be given, Lessor’s consent shall not be unreasonably withheld or delayed. 

 
 IN WITNESS WHEREOF, the Parties have executed this Lease in duplicate and have caused their names and/or corporate names to be affixed hereto by their
duly authorized officers, as of the day and year hereinabove first written. 
  
 
	 LESSOR:     GIRARD INVESTMENTS
                         a
California partnership
 	 	  	 	 LESSEE:      DICKIE WALKER MARINE, INC.
                        a Delaware
corporation
 
	 
	 By:
 	 	 /s/    STEPHEN M. ENOCH
 
	 	  	 	 By:
 	 	 /s/    JULIE KNUDSEN
 

	 Title:
 	 	 GP    
 
 
 	 	  	 	 Title:
 	 	 President
 

	 Date:
 	 	 9/9/02
 
	 	  	 	  	 	  
	  	 	  	 	  	 	 By:
 	 	  
 

	  	 	  	 	  	 	 Title:
 	 	  
 

	  	 	  	 	  	 	 Date:
 	 	 9/10/2002
  
 

 

 
 6 

  
 ARBITRATION OF DISPUTES 
  

IF ANY DISPUTE ARISES BETWEEN LESSOR AND LESSEE CONCERNING THE PREMISES, ANY PROVISION OF THIS LEASE, OR THE RIGHTS AND DUTIES OF EITHER IN REGARD THERETO, SPECIFICALLY EXCLUDING FROM THE
OPERATION OF THIS ARBITRATION CLAUSE: ANY SUCH DISPUTES CONCERNING LESSEE’S FAILURE TO PAY ANY OF THE RENT OR OTHER CHARGES SET FORTH IN THIS LEASE, THE DISPUTE SHALL BE SETTLED BY BINDING ARBITRATION AS HEREINAFTER PROVIDED. 

 
 A)    A PARTY INVOKING THIS ARBITRATION PROVISION, HEREINAFTER REFERRED TO AS THE “INITIATING PARTY” SHALL NOTIFY THE
OTHER PARTY, REFERRED TO AS THE “RESPONDING PARTY”, IN WRITING OF THE REQUEST FOR ARBITRATION. 
  
 B)    WITHIN TEN (10) DAYS FROM THE RESPONDING PARTIES RECEIPT OF SAID WRITTEN NOTICE, A SINGLE ARBITRATOR SHALL BE SELECTED FROM THE ROSTER OF RETIRED JUDGES OF THE JUDICIAL ARBITRATION & MEDIATION SERVICES,
INC. AND THE ARBITRATION SHALL BE CONDUCTED AT IT’S OFFICES IN SAN DIEGO, CALIFORNIA. THE ARBITRATION AWARD, IN THE SOLE DISCRETION OF THE ARBITRATOR, MAY APPORTION COSTS AND ATTORNEY’S FEES BETWEEN THE PARTIES, HOWEVER, THE COSTS OF THE
ARBITRATOR AND OF THE JUDICIAL ARBITRATION & MEDIATION SERVICE, INC. SHALL BE BORN EQUALLY BY THE PARTIES. 
  
 C)    THE ARBITRATION SHALL BE CONDUCTED IN ACCORDANCE WITH THE CODE OF CIVIL PROCEDURE SECTIONS 1280 THRU 1294(2), INCLUDING SPECIFICALLY THE PROVISIONS OF THE SECTIONS 1283.05. 
  
 D)    SHOULD THE JUDICIAL ARBITRATION & MEDIATION SERVICES, INC. BE UNAVAILABLE TO PROVIDE AN ARBITRATOR, THEN AND IN SUCH EVENT, THE
PARTIES SHALL SELECT AN ARBITRATOR UNDER THE AUSPICE OF THE AMERICAN ARBITRATION ASSOCIATION, BUT THE PROCEEDING SHALL BE OTHERWISE CONDUCTED AS SET FORTH IN SUBPARAGRAPH “C” ABOVE. 
  

NOTICE: BY INITIALING IN THE SPACE BELOW, YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE “ARBITRATION OF DISPUTES” PROVISION DECIDED BY NEUTRAL
ARBITRATION AS PROVIDED FOR BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHT YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW, YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL,
UNLESS THOSE RIGHTS ARE INCLUDED IN THE “ARBITRATION OF DISPUTES” PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL
PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY. 
  
 WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT
DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE “ARBITRATION OF DISPUTES” PROVISION TO NEUTRAL ARBITRATION. 
  
 
	 INITIAL BY LESSOR
 	  	 /s/    SE
 
	  	  	  	 INITIAL BY LESSEE
 	  	 /s/    JK
 

 

 
 7 

 ADDENDUM TO THAT CERTAIN LEASE DATED THE          DAY OF SEPTEMBER, 2002 BY AND
BETWEEN GIRARD INVESTMENTS, A CALIFORNIA PARTNERSHIP, AS LESSOR, AND DICKIE WALKER MARINE, INC., A DELAWARE CORPORATION, AS LESSEE, FOR THAT CERTAIN RETAIL PREMISES LOCATED AT 7868 GIRARD AVENUE IN LA JOLLA, CITY OF SAN DIEGO, COUNTY OF SAN DIEGO,
STATE OF CALIFORNIA. 
  
 
 
 (CON’ T.)

  
 In the event of any conflict between the terms of this addendum and the Lease, the terms of this addendum shall control. Capitalized
terms used in this Addendum and not defined in this Addendum, shall have the meaning ascribed thereto in the Lease. 
  

	3(A).
	 
	Term; Right of Early Termination:    Effective beginning the sixty-first (61st) month of the Lease term, Lessee shall have the right and option to terminate this Lease effective at any time thereafter subject to the following
conditions: 
 

  

	 	(a)
	 
	Lessee shall give Lessor a minimum of six (6) months’ prior written notice of its intent to terminate this Lease specifying the effective date of
termination, in which event this Lease shall remain in full force and effect until such date of termination, whereupon this Lease shall then terminate and the rights and obligations of the parties hereto shall be as herein provided for the
expiration of the initial term hereof and extensions thereof; 
 

  

	 	(b)
	 
	If Lessee elects to terminate this Lease as provided herein, Lessee’s security deposit shall be forfeited and will be retained as compensation to Lessor.

 

  

	8.
	 
	Real Estate Taxes and Assessment: 
 

  
 Lessee’s proportionate share of said taxes and assessments to be paid by Lessee on a monthly basis, unless otherwise specified in writing by Lessor. 
  

	9(A).
	 
	Base Rental Adjustment; Triple Net Costs: 
 

  
 Lessee’s proportionate share of Triple Net Costs as specified in paragraph 8 (“Real Estate Taxes and Assessments”) and paragraph 30 of this Lease are included in Lessee’s
proportionate share of Triple Net expenses as described in this paragraph 9(A). 
  

	9(B).
	 
	Triple Net Costs; Audit by Lessee: 
 

  
 Lessee shall have the right to audit the costs, charges or expenses (collectively, the “charges”) for which Lessee is required to reimburse Lessor pursuant to this Lease, and Lessor agrees to
cooperate with any such audit. Lessor shall maintain complete books and records in accordance with generally accepted accounting principles for the same period as required for income tax reporting purposes. Such audit(s) shall take place within
three (3) years after such charges are due in accordance with terms hereof. If it shall be determined as a result of such audit(s) that Lessee has overpaid any of such charges, Lessor shall promptly refund to Lessee the amount of such overpayment.
If the amount of Lessee’s overpayment exceeds two percent (2%) of said charges, Lessor shall promptly pay the cost of said audit(s) upon Lessee’s submission of an invoice for same. 
  

	12.
	 
	Alterations and Additions: 
 

  
 In all cases herein where Lessor’s consent is required, said consent shall not be unreasonably withheld or delayed. 
  

	13(A).
	 
	Repairs: 
 

  
 Lessee agrees to accept the Premises in its “as is” condition. Lessee shall, at Lessee’s sole cost and expense, keep the Premises and every part thereof, excepting the exterior structures and roof, in good and safe
condition and repair, including all plate glass, interior electrical wiring, plumbing, heating and/or air conditioning installations, and any other system or equipment upon the Premises. 

 
 8 

  
 ADDENDUM TO THAT CERTAIN LEASE DATED THE          DAY OF
SEPTEMBER, 2002 BY AND BETWEEN GIRARD INVESTMENTS, A CALIFORNIA PARTNERSHIP, AS LESSOR, AND DICKIE WALKER MARINE, INC., A DELAWARE CORPORATION, AS LESSEE, FOR THAT CERTAIN RETAIL PREMISES LOCATED AT 7868 GIRARD AVENUE IN LA JOLLA, CITY OF SAN DIEGO,
COUNTY OF SAN DIEGO, STATE OF CALIFORNIA. 
  
 
 
 (CON’T.) 
  

	13(B).
	 
	The first sentence of this paragraph 13(B) should be modified as follows: “In the event the described Property, of which the Premises is a part, is
occupied by multi-tenants, . . .” 
 

  

	15.
	 
	Assignment and Subletting: 
 

  
 Notwithstanding anything contained in this Lease to the contrary, none of the following, nor any assignments or transfers of this Lease resulting from the following, shall require Lessor’s prior
written consent or the payment by Lessee of any fees or charges of any kind: 
  

	 	(a)
	 
	a transfer of stock or other ownership interests in Lessee; 
 

  

	 	(b)
	 
	the merger, consolidation or amalgamation of Lessee with a third party of the sale of all or substantially all of the stock or assets of Lessee; 

  

	 	(c)
	 
	a transfer to a parent, subsidiary or “affiliate” of Lessee. An “affiliate” shall mean any trust, corporation, partnership or limited
liability company: (i) which owns or “controls” the majority of the ownership interest of Lessee, either directly or indirectly through other entities; (ii) the majority of whose ownership interest is owned or “controlled” by
Lessee; or (iii) which owns or “controls” a majority of the ownership interests of Lessee. As used herein, the word “control” shall mean the right or power to direct or cause the direction of the management and policies of the
entity in question; or 
 

  

	 	(d)
	 
	a sale of Lessee’s operations in the Premises, independently or in connection with a sale of Lessee’s entire business. 

  
 In the event of such an assignment, Lessee shall automatically be released from all obligations under this
Lease provided such successor entity is equal or greater in creditworthiness than Lessee. 
  

	17.
	 
	Subrogation: 
 

  
 Lessor warrants and represents that it currently maintains a standard Commercial General Liability Policy of insurance covering the reasonable costs of replacement of the Building in which the Premises are located, as well as
Lessor’s public liability, and that it shall maintain said General Liability insurance coverage throughout the term of this Lease. 
  

	21.
	 
	Entry by Lessor: 
 

  
 Entry by Lessor shall be limited to normal business hours and with prior reasonable notice to Lessee. 
  

	22.
	 
	Reconstruction: 
 

  
 The following language shall be inserted as the second to last sentence of paragraph 22: “Provided the damage is not due to the fault or neglect of Lessee or its employees, in the event that fifty percent (50%) or more
of the Premises is damaged such that Lessee cannot reasonably continue to do business, or if the repairs will take more than one hundred eighty (180) days, then Lessee may elect, upon written notice to Lessor at any time within sixty (60) days after
such damage, to terminate this Lease as of the date specified in such notice, which date shall be not less than thirty (30) days and not more than sixty (60) days after filing of such notice.” 

 
 9 

  
 ADDENDUM TO THAT CERTAIN LEASE DATED THE         
DAY OF SEPTEMBER, 2002 BY AND BETWEEN GIRARD INVESTMENTS. A CALIFORNIA PARTNERSHIP, AS LESSOR, AND DICKIE WALKER MARINE, INC,. A DELAWARE CORPORATION, AS LESSEE, FOR THAT CERTAIN RETAIL PREMISES LOCATED AT 7868 GIRARD AVENUE IN LA JOLLA, CITY OF SAN
DIEGO, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA. 
  
 
 
 (CON’T.) 
  

	25.
	 
	Eminent Domain. 
 

  

	    
	 
	Whether or not this Lease is terminated, nothing herein shall be deemed to affect Lessee’s right to receive compensation for damages to Lessee’s
property. If this Lease is terminated as hereinabove provided, all items of rent and other charges for the last month of Lessee’s occupancy shall be prorated and Lessor agrees to refund to Lessee any rent, or other charges paid in advance.

 

  

	32.
	 
	Parking: 
 

  

	    
	 
	Tenant shall receive the exclusive use of two (2) parking spaces located at the rear of the Premises at no additional cost during the initial lease term and any
extension thereof. 
 

  

	33.
	 
	Brokerage Representation and Commission: 
 

  

	      
	 
	Lessor and Lessee warrant to Broker and to each other that they have dealt with no real estate broker in connection with this lease transaction other than Mike
Slattery of Business Real Estate Brokerage Company (“BRE”) (“Broker”), who represents the Lessor, and that no other broker is entitled to a commission on account of this lease transaction. Lessor and Lessee indemnify and hold
each other harmless from and against any and all liability and cost which Lessor or Lessee may suffer in connection with real estate brokers claiming by, through or under either party seeking any commission, fee or payment in connection with this
Lease. Upon final execution of a Lease between the parties, Lessor agrees to pay a leasing commission to Broker in the amount equal to three percent (3%) of the total rental to be paid by Lessee during the lease term. Said commission to be paid upon
final execution of the Lease document by all parties thereto. 
 

  
 
	 LESSOR:
 	 	  	 	 LESSEE:
 
	 
	 GIRARD INVESTMENTS,
 a California partnership
 	 	  	 	 DICKIE WALKER MARINE, INC.,
 a Delaware corporation
 
	 
	 By:
 	 	 /s/    STEPHEN M.
ENOCH        
 
	 	  	 	 By:
 	 	 /s/    JULIE
KNUDSEN        
 

	  	 	 Stephen M. Enoch
 	 	  	 	 Title:
 	 	 President
 

	 Title:
 	 	 GP
 
	 	  	 	  	 	  

 
  
 
	  	 	  	 	  
	 
	 Date:
 	 	 9/9/02
 
	 	  	 	 By:
 	 	 

	  	 	  	 	  	 	 Title:
 	 	 

	 
	  	 	  	 	  	 	 Date::
 	 	 9/10/2002
 

 

 
 10 

  
  
 [GRAPHIC APPEARS HERE] 

 
 EXHIBIT “A” 
  
 7868 Girard Avenue 

  
 [BUSINESS REAL ESTATE BROKERAGE COMPANY LOGO] 
  
 HAZARDOUS MATERIALS WARNING AND DISCLAIMER 
 (SALE AND/OR
LEASE OR PROPERTY) 
  
 Re:    7868 Girard Ave., La Jolla, CA 92037 
  
 Various materials utilized in the construction of any improvements to the Property may contain materials that have been or may in the future be determined to be
toxic, hazardous or undesirable and may need to be specially treated, specially handled and/or removed from the Property. For example, some electrical transformers and other electrical components can contain PCBs, and asbestos has been used in a
wide variety of building components such as fire-proofing, air duct insulation, acoustical tiles, spray on acoustical materials, linoleum, floor tiles and plaster. Due to current or prior uses, the Property or improvements may contain materials such
as metals, minerals, chemicals, hydrocarbons, biological or radioactive materials and other substances which are considered, or in the future may be determined to be, toxic wastes, hazardous materials or undesirable substances. Such substances may
be in above- and below-ground containers on the Property or may be present on or in soils, water, building components or other portions of the Property in areas that may or may not be accessible or noticeable. 
  
 Current and future federal, state and local laws and regulations may require the clean-up of such toxic, hazardous or undesirable materials at the expense of
those persons who in the past, present or future have had any interest in the Property including, but not limited to, current, past and future owners and users of the Property. Owners and Buyers/Lessees are advised to consult with independent legal
counsel or experts or their choice to determine their potential liability with respect to toxic, hazardous, or undesirable materials. Owners and Buyers/Lessees should also consult with such legal counsel or experts to determine what provisions
regarding toxic, hazardous or undesirable materials they may wish to include in purchase and sale agreements, leases, options and other legal documentation related to transactions they contemplate entering into with respect to the Property.

  
 The real estate salespersons and brokers in this transaction have no expertise with respect to toxic wastes, hazardous materials or
undesirable substances. Proper inspections of the Property by qualified experts are an absolute necessity to determine whether or not there are any current or potential toxic wastes, hazardous materials or undesirable substances in or on the
Property. The real estate salespersons and brokers in this transaction have not made, nor will they make, any representations, either express or implied, regarding the existence or nonexistence of toxic wastes, hazardous materials, or undesirable
substances in or on the Property. Problems involving toxic wastes, hazardous materials or undesirable substances can be extremely costly to correct. It is the responsibility of the Owners and Buyers/Lessees to retain qualified experts to deal with
the detection and correction of such matters. 
  
 AMERICANS WITH DISABILITIES ACT DISCLOSURE 
  
 The United States Congress has enacted the Americans With Disabilities Act (the “ADA”), a federal law codified at 42 USC § 12101 et seq., which
became effective January 26, 1992. Owners and lessees are subject to this law which, among other things, is intended to make business establishments equally accessible to persons with a variety of disabilities. Under this law, modifications to real
property improvements may be required by owners and lessees. Owners and lessees may delegate between themselves costs and responsibilities for meeting the requirements of the law but the fact that responsibilities have been allocated does not reduce
or negate liability to an individual with a disability who files and wins a lawsuit. Broker strongly recommends that owners and lessees consult design professionals, architects or attorneys to advise them with respect to the law’s applicability
and to prepare, if necessary, any language in leases or other contracts. The undersigned acknowledge that Broker is not qualified as an expert in this matter. 
  
 
	  	 	 OWNER/LESSOR:
 	 	  	 	  	 	 LESSEE:
 
	 
	  	 	 GIRARD INVESTMENTS,
 	 	  	 	  	 	 DICKIE WALKER MARINE, INC.,
 
	  	 	 a California partnership
 	 	  	 	  	 	 a Delaware corporation
 
	 
	 By:
 	 	 /s/    STEPHEN M. ENOCH
 
	 	  	 	 By:
 	 	 /s/    JULIE KNUDSEN
 

	 
	 Title:
 	 	 GP
 
	 	  	 	 Title:
 	 	 President
 

	 
	 Date:
 	 	 9/9/02
 
	 	  	 	 Date:
 	 	 9/9/2002
 

 

 
 12

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