Lease Extension Agreement between Memorex Drive LLC and Centaur Pharmaceuticals, Inc.

Summary

This agreement extends the leases between Memorex Drive LLC (landlord) and Centaur Pharmaceuticals, Inc. (tenant) for office space at 1220 Memorex Dr., Santa Clara, CA, until April 30, 2007. The extension keeps all original lease terms, except the first month's rent will be 105% of the previous month's rent, with a 5% annual increase for each extension year. The tenant has three one-year renewal options, subject to certain conditions, with rent during these periods set at the higher of 105% of the previous rent or current market rates.

EX-10.03 4 0004.txt LEASE FOR EXTENSION FOR SPACE Exhibit 10.03 ------------- LEASE EXTENSION MEMOREX DRIVE LLC, LESSOR & CENTAUR PHARMACEUTICALS, INC., LESSEE Centaur Pharmaceuticals, Inc. does hereby amend the terms of its three-year option to renew the following described leases until April 30, 2007, under all of the same terms and conditions of the original leases, their exhibits and their addendums: Lease dated 2/12/97 between Memorex Drive LLC, Lessor and Centaur Pharmaceuticals, Inc., Lessee, covering 1220 Memorex Dr. Suite 100, Santa Clara, CA commencing 5/1/97 and terminating 4/30/2004, including Addendums I and II. Lease dated 5/30/97 between Memorex Drive LLC, Lessor and Centaur Pharmaceuticals, Inc., Lessee, covering 1220 Memorex Dr. Suite 200 and suite 300, Santa Clara, CA commencing 7/1/97 and terminating 4/30/2004, including Addendum I. Memorex Drive LLC does accept and approve said lease extensions under all of the terms and conditions of the original leases, exhibits, and addendums, except; It is agreed that the first month's rent under this extension shall be equal to one hundred and five percent (105%) of the previous month's rent, and a five percent (5%) annual increase shall apply in each of the succeeding extension years. Tenant shall have three one-year options to renew each extended leases provided a) Lessee is not in default, and b) Lessee gives written notice to Lessor of its intent to exercise such option no later than six (6) months prior to Lease expiration. First month's rent during any option period shall be equal to the greater of 105% of the previous month's rent, or the then prevailing fair market rent for similar properties having improvements similar to those existing at the time of original possession. Centaur Pharmaceuticals, Inc., Lessee By: /s/ Lucy O. Day Title VP Finance & CFO Dated 7/31/00 ------------------------- -------------------- ------------ By: _________________________ Title ____________________ Dated ____________ Memorex Drive LLC By: /s/ Moosa Malek Dated 7/26/00 ------------------------- ------------- Managing Member