exv10w3



 







Exhibit 10.3




FIFTH AMENDMENT TO OFFICE LEASE AGREEMENT




     THIS FIFTH AMENDMENT TO OFFICE LEASE AGREEMENT (this “Fifth Amendment”) is made and
entered into this 18th day of August, 2003 between HYATT PLAZA LIMITED PARTNERSHIP, a Virginia
limited partnership (“Landlord”), and XYBERNAUT CORPORATION, a Delaware corporation,
formerly known as Computer Products and Services, Inc. (“Tenant”), with reference to the
following:



RECITALS




     A. Pursuant to the terms of that certain Office Lease Agreement dated November 1, 1994 (the
“Original Lease”), as amended by (i) that certain First Amendment to Office Lease Agreement
dated July 1, 1997 (the “First Amendment”); (ii) that certain Second Amendment to Office
Lease Agreement dated April 30, 1998 (the “Second Amendment”); (iii) that certain Third
Amendment to Office Lease Agreement dated July 28, 1998 (the “Third Amendment”), and (iv)
that certain Fourth Amendment to Office Lease Agreement dated December 13, 2001 (the “Fourth
Amendment”), (the Original Lease, First Amendment, Second Amendment, Third Amendment and Fourth
Amendment are hereinafter collectively referred to as the “Lease”), by and between Landlord
and Tenant, Landlord has leased to Tenant certain premises, more particularly described therein.
All capitalized terms used in this Fourth Amendment shall, unless defined herein, have the same
meaning and definition as used in the Lease.



     B. Landlord and Tenant have agreed to amend certain terms and provisions of the Lease.



     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Landlord and Tenant agree as follows:




	 	1.	 	As of the Effective Date, the Expiration Date of the Lease shall be changed
from September 30, 2003 to March 31, 2005. The period commencing on October 1, 2003
and expiring on March 31, 2005 shall be known as the Extension Term.
	 
	 	2.	 	Tenant shall continue to lease the existing Premises for the Extension Term
which is comprised of 16,309 square feet of Rentable Area, consisting of 11,305 square
feet on the Fifth Floor, known as Suite 550, 3,350 square feet on the First Floor,
known as Suite 160, and 1,654 square feet on the First Floor, known as Suite 155.
	 
	 	3.	 	Tenant agrees to accept the Premises in its “as is” and “where is” condition
for the Extension Term and Landlord shall have no obligation to make any improvements
or modifications to the Premises or to the Building.




 









 






	 	4.	 	Base Rent for the Extension Term shall be $396,262.50 per year ($33,021.88
per month), which amount is based on $24.50 per square foot of Rentable Area
comprising Suite 550 and Suite 160, and $22.50 per square foot of Rentable Area
comprising Suite 155.
	 
	 	5.	 	The Base Rent set forth in Paragraph 4 above shall remain unchanged for the
Extension Term and shall not be subject to adjustment. As a result, Sections 3.02,
4.01 and 4.02 of Exhibit C to the Original Lease shall be null and void for the
Extension Term.
	 
	 	6.	 	Landlord and Tenant acknowledge that Tenant is making monthly payments to
Landlord in the amount of $8,984.65 to reimbursed Landlord for certain rent
delinquencies owed by Tenant under the Lease (the “Delinquency Payments”). Such
monthly Delinquency Payments are scheduled to continue to and including September
2003. Provided that Tenant is not in default at the applicable time, the Delinquency
Payment due for September, 2003 is hereby waived.




Except as expressly modified by this Sixth Amendment, the Lease remains unchanged and in full force
and effect.




     IN WITNESS HEREOF, Landlord and Tenant have executed this Sixth Amendment as of the day and
year first above written.



SIGNATURES APPEAR ON FOLLOWING PAGE




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	 	 	LANDLORD:
	 
	 	 	 	 	 	 
	 	 	HYATT PLAZA LIMITED PARTNERSHIP,

a Virginia limited partnership
	 
	 	 	 	 	 	 
	 	 	By:	 	FAIR LAKES HYATT LIMITED PARTNERSHIP, a

Virginia limited partnership, its general

partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Fair Lakes of Virginia, Inc., a
Virginia corporation, its general
partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Milton V. Peterson
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Milton V. Peterson
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	President
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	TENANT:
	 
	 	 	 	 	 	 
	 	 	XYBERNAUT CORPORATION, formerly known as Computer
Products and Services, Inc., a Delaware
corporation
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Edward G. Newman
	 	 	 	 	 
	 	 	Name:	 	Edward G. Newman
	 	 	 	 	 
	 	 	Title:	 	CEO & Chairman
	 	 	 	 	 






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