Exhibit 10.29





Exhibit 10.29




THIRD AMENDMENT TO OFFICE LEASE AGREEMENT




This THIRD AMENDMENT TO OFFICE LEASE (this “Amendment”) is made as of 17 November 2009, by and
between HCP LS REDWOOD CITY, LLC (f/k/a Slough Redwood City, LLC), a Delaware limited liability
company (“Landlord”) and CARDICA, INC., a Delaware corporation (“Tenant”), with reference to the
following facts:



A. Landlord (as successor to CA Seaport Centre Limited Partnership) and Tenant are parties to
an Office Lease Agreement dated as of April 25, 2003, as amended by a First Amendment dated as of
January 21, 2004 (the First Amendment) and a Second Amendment dated as of November 19, 2007 (the
Second Amendment) (as so amended the “Lease”) which Lease presently covers premises constituting
29,614 rentable square feet (the Premises) constituting a portion of the building in the Britannia
Seaport Centre, Redwood City, California commonly known as 900 Saginaw Drive (the Building). The
current term of the Lease is presently scheduled to expire on August 31, 2011.



B. Landlord and Tenant wish to further amend the Lease to provide for the reduction of the
Security Deposit in accordance with the terms and conditions set forth herein.



C. Capitalized terms used in this Third Amendment as defined terms but not specifically
defined in this Third Amendment shall have the meanings assigned to such terms in the Lease.



NOW THEREFORE, in consideration of the promises and the agreements and covenants contained
herein, Landlord and Tenant agree that the Lease is amended and modified as follows:



I.




Reduction of Security Deposit — As of the date of execution of this Third Amendment,
the amount of the Security Deposit required to be maintained by Tenant under the Lease is reduced
to $150,000 for the duration of the Term, including the Initial Term and the Extended Term.
Promptly following the execution of this Third Amendment, Landlord shall cooperate with Tenant in
arranging for a reduction of the letter of credit presently held by Landlord, or the issuance of a
replacement letter of credit by the issuer, to conform to such reduction in the amount of the
Security Deposit, provided that any charges or fees imposed by the issuer in connection with such
reduction or replacement of the letter of credit shall be paid solely by the Tenant.



II. Miscellaneous




Except as amended by this Amendment, the Lease is not otherwise amended, and the Lease remains
in full force and effect, as amended hereby. In the event of a conflict between the terms of this
Amendment and the terms of the Lease, the terms of this Amendment shall control.


 


 









 





IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the date first above
written,



	 	 	 	 	 	 	 	 	 
	WITNESSES:	 	LANDLORD:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	HCP LS REDWOOD CITY, LLC (f/k/a	 	 
	 	 	Slough Redwood City, LLC), a Delaware	 	 
	 	 	limited liability company	 	 
	/s/ Mike Swofford

 


	 	 	 	 	 	 	 	 
	Mike Swofford	 	BY: HCP Estates USA Inc. (f/k/a Slough	 	 
	 	 	Redwood City, LLC), a Delaware	 	 
	 	 	corporation, its Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Jon Bergschneider	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Jon Bergschneider	 	 
	 

	 	 	 	Its:
	 	Senior Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	TENANT	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	CARDICA, Inc. a
Delaware corporation	 	 
	/s/ Jannette Buchanan



	 	 	 	 	 	 	 	 
	Jannette Buchanan	 	By:	 	/s/ Frederick M. Bauer	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Frederick M. Bauer	 	 
	 

	 	 	 	Its:
	 	Vice President