Document:

exv10w54

Exhibit 10.54

AMENDMENT NO. 5

TO LEASE

     This Amendment No. 5 to Lease (“Amendment”) is made and entered into as of May 18,
2009, by and between RNM Lakeville, LLC, a Delaware limited liability company (successor
to RNM Lakeville, L.P.) (“Landlord”), and Oculus Innovative Sciences, Inc. (f/k/a MicroMed
Laboratories, Inc.), a California corporation (“Tenant”).

Recitals

     A. Landlord and Tenant are parties to that certain Lease dated as of October 26, 1999, as
amended by Amendment No. 1 to Lease dated as of September 15, 2000, Amendment No. 2 to Lease dated
as of July 29, 2005, Amendment No. 3 to Lease dated as of August 23, 2006 and Amendment No 4 to
lease dated as of September 13, 2007 (collectively the “Lease”), pursuant to which Landlord leases
to Tenant, and Tenant leases from Landlord, approximately 22,374 square feet at 1129 North McDowell
Boulevard and 1135 North McDowell Boulevard in Petaluma, California. Unless otherwise defined
herein, all capitalized terms shall have the meanings assigned to them in the Lease.

     B. The term of the Lease expires on September 30, 2010.

     C. The parties wish to amend the Lease to reduce the size of the Premises, extend the Lease
Term, and otherwise amend the Lease as provided herein.

     Therefore, for consideration, the adequacy and receipt of which are hereby
acknowledged, the parties agree as follows:

     1. Surrender of Portion of Premises. On the Effective Date (as defined below), the Term of
the Lease shall expire as to 8,534 square feet of Rentable Area located at 1135 North McDowell
Boulevard and designated on Exhibit A to this Amendment (“Surrender Space”) effective as of May 1,
2009 (“Surrender Date”). From and after the Surrender Date, the Surrender Premises shall no longer
be part of the Premises under the Lease, and the Premises shall consist of 13,840 square feet.
Except as otherwise expressly set forth herein, Landlord is accepting the Surrender Space AS IS and
WITH ALL FAULTS. For purposes of this Amendment, the term “Effective Date” shall mean the date
when Tenant has delivered to Landlord (1) the portion of the Termination Fee set forth in Paragraph
3(a) below and the reconciliation payment described in Paragraph 6 below, and (2) authorized the
issuance or transfer to Landlord of the Common Stock described in Paragraph 3(b) below.

     2. Furniture. No later than May 29 2009, Tenant shall remove from the Surrender Space all
furniture, equipment and other personal property within the Surrender Space, other than such
furniture as Landlord and Tenant agree shall remain in the Surrender Space and be transferred to
Landlord. Landlord and Tenant shall attach a schedule of such furniture to this Amendment as
Exhibit B. As to such furniture, Tenant hereby transfers to Landlord all right, title and interest
in and to such furniture, AS IS, WHERE and WITH ALL FAULTS. This Amendment shall serve as a Bill
of Sale with respect to such transferred furniture.

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     3. Termination Fee. In consideration of Landlord’s agreement to the early expiration of the
Term with respect to the Surrender Premises, Tenant agrees to pay and deliver to Landlord the
following (the “Surrender Fee”):

          (a) $16,506.00 in cash due and payable immediately upon execution of this Amendment;

          (b) 53,847 shares of Oculus Common Stock subject to Board approval. Tenant shall take
commercially reasonable efforts to cause such shares to be registered with the Securities and
Exchange Commission and thereby fully tradable as soon as practical. If these Oculus common shares
are not registered and tradable on or before August 17th, 2009, then Oculus will pay
$70,000 to the Landlord

          (c) $50,000 in cash due and payable no later than August 14, 2009.

     4. Base Rent.  Commencing as the Surrender Date and subject to adjustment as provided in
Paragraph 9 below, Base Rent for the Premises per month shall be $15,224.00.

     5. May 2009 Rent. The parties acknowledge that Tenant has paid Base Rent and estimated
Operating Expenses for May 2009 in the amount of $33,424.00. Upon the Effective Date, Landlord
shall credit $13,494.00 of such rental payment to Tenant’s rental obligation for June 2009.

     6. Operating Expense Reconciliation. Upon execution of this Amendment, Tenant shall
immediately pay to Landlord its outstanding portion of Additional Rent (including Operating
Expenses) for 2008 in the amount of $13,280.00.

     7. Term.  The Termination Date is hereby extended to September 30, 2011.

     8. Tenant’s Share. As of the Surrender Date, Tenant’s Share shall be 23.62% of the 1129 North
McDowell Boulevard.

     9. Landlord’s Right to Terminate Lease as to Warehouse Portion. Notwithstanding anything to
the contrary in this Amendment or the Lease, Landlord shall have the right to terminate the Lease
as to the warehouse portion of the Premises by providing to Tenant not less than sixty (60) days
prior written notice. Upon the effective date of such termination, Base Rent for the remainder of
the Premises shall be adjusted to equal $1.10 per square foot within the Premises and Tenant’s
Share shall be appropriately adjusted.

     10. Confirmation of Lease.  Tenant hereby represents and warrants to Landlord that, as of the
date hereof, (a) the Lease is in full force and effect and has not been modified except pursuant to
this Amendment; (b) Tenant has not subleased or assigned any of its right, title and interest in
and to the Lease and has full power and authority to enter into and perform its obligations
hereunder, (c) Tenant is not in default under the Lease, and to the best of Tenant’s knowledge,
there are no defaults on the part of Landlord existing under the Lease; (d) to the best of Tenant’s
knowledge, there exists no valid abatements, causes of action, counterclaims, disputes, defenses,
offsets, credits, deductions, or claims against the enforcement of any of the terms and conditions
of the Lease; (e) this Amendment has been duly authorized, executed and

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delivered by Tenant and constitutes the legal, valid and binding obligation of Tenant; and
(f) there are no actions, whether voluntary or otherwise, pending against Tenant under the
bankruptcy or insolvency laws of the United States or any state thereof. Except as expressly
modified herein, the Lease shall remain in full force and effect. Any failure by Tenant to perform
hereunder shall, at Landlord’s election, be deemed a default under the Lease.

     11. Brokers. Each of Landlord and Tenant warrants to the other that it has had no dealing with
any finder, broker or agent in connection with this Amendment. Each party shall indemnify, defend
and hold harmless the other party from and against any and all costs, expenses or liability for
commissions or other compensation or charges claimed by any finder, broker or agent based on
dealings with the indemnifying party with respect to this Agreement.

     12. Attorneys’ Fees. Should any dispute arise between the parties hereto or their legal
representatives, successors and assigns concerning any provision of this Agreement or the rights
and duties of any person in relation thereto, the party prevailing in such dispute shall be
entitled, in addition to such other relief that may be granted, to recover reasonable attorneys’
fees and legal costs in connection with such dispute. Each party shall pay its own legal fees and
costs incurred in connection with the negotiation and preparation of this Agreement.

     13. Governing Law. This Agreement shall be governed and construed under the laws of the State
of California.

     14. Counterparts. This Agreement may be executed in counterparts, each of which shall be
deemed an original, but such counterparts, when taken together, shall constitute one (1) agreement.

     15. Binding Effect. This Agreement shall inure to the benefit of, and shall be binding upon,
the parties hereto and their respective legal representatives, successors and assigns.

     16. Further Assurances. Landlord and Tenant hereby agree to execute such further documents or
instruments as may be necessary or appropriate to carry out the intention of this Agreement.

     17. Voluntary Agreement. The parties have read this Agreement, and on the advice of counsel
they have freely and voluntarily entered into this Agreement. This Agreement is the product of
negotiation between the parties and their respective counsel, and the parties agree that it shall
be interpreted in accordance with its fair and apparent meaning and not for or against either
party.

     18. Merger; Amendment. This Agreement sets forth the entire agreement between the parties
with respect to the subject matter hereto and all prior negotiations or agreements, whether oral or
written, are superseded and merged herein. This Agreement may not be altered or amended except by
a writing duly authorized and executed by the party against whom enforcement is sought. To the
extent inconsistent with the Lease, this Agreement shall modify and amend the Lease.

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     In Witness Whereof, the parties executed this Amendment No. 5 to Lease as of the date
first written above.

	 	 	 	 	 	 	 	 	 
	Landlord:	 	Tenant:	 	 
	 
	 	 	 	 	 	 	 	 
	RNM Lakeville, LLC,	 	Oculus Innovative Sciences, Inc.,	 	 
	a Delaware limited liability company	 	a California corporation	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	RNM Petaluma, Inc.,
	 	By:
	 	/s/ Robert E. Miller	 	 
	 

	 	a California corporation,
	 	 	 	 

	 	 
	 	 	its Manager	 	Its: Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	Name:
	 	/s/ Paul B. Elmore	 	Date: May 15, 2009	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Paul B. Elmore, President	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date: May 18, 2009	 	 	 	 	 	 

4exv10w26

Exhibit 10.26

William L. Ballhaus

President and CEO

March 25, 2009

Mr. Steven T. Schorer

10701 Alloway Drive

Potomac, MD 20854

Dear
Mr. Schorer:

I am pleased to offer you employment with DynCorp International LLC (the “Company”) as
President, Global Platform Support Solutions, effective April 6, 2009. In this capacity, your
office location will be Falls Church, Virginia, and you will report directly to me.

You will be classified as an exempt employee. Your salary will be payable in bi-weekly increments
of sixteen thousand nine hundred twenty three dollars and seven cents ($16,923.07), less statutory
deductions, for an annualized rate of four hundred forty thousand dollars ($440,000.00).

In this
position, you will participate in the company’s Executive
Incentive Plan (EIP). Your
individual target for FY-10 will be sixty percent (60%) of your annual salary as of your date of
hire. You will receive EIP consideration for the full Plan Year which, for fiscal year 2009, begins
April 6, 2009 and ends March 31, 2010.

You will also be a participant in the company’s Long Term Incentive Plan which has been approved by
the Compensation Committee of the Board of Directors of DynCorp International Inc. Your Long Term
Incentive Plan Award at time of hire will be 35,000 Restricted Stock Units in accordance with and
subject to the provisions of the DynCorp International 2007 Omnibus Incentive Plan. These units are
performance based with key terms as summarized on the attached “Term Sheet” with vesting to occur on
June 26, 2011.

You are also eligible to participate in DynCorp International’s flexible benefits program. You will
have ten (10) working days from your starting date to complete and submit your enrollment form.
Regardless of the date on which the enrollment form is completed during the ten (10) working day
enrollment period, your elections will be effective for you and your eligible dependents as of your
first day of employment. After the enrollment period closes, you will be unable to change your
benefits until the next annual benefits enrollment period.

You will serve as an employee at will. You can resign your employment at any time and can be
terminated at any time. However, in the event the Company terminates your employment without
“Cause,” the Company agrees to pay you a severance amount equal to 1.0 times your Base Annual
Compensation in effect at time of termination, less standard deductions and withholdings payable at
time
of termination. In this event, the Company will also pay you a pro-rated portion of your Executive
Incentive Compensation based on projected Company performance through the termination date.
Should you resign or should the Company terminate your employment for “Cause,” you will
receive only the salary earned by you through the date of termination and no additional
severance payment shall be made.

 

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Mr. Steven T. Schorer

March 25, 2009

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Further, the Company will require you to execute a document entitled Covenants and Post-Employment
Obligations Agreement, a copy of which is provided with this letter.

In accordance with federal law, employees are required to furnish proof of their authorization to
work in the United States within three days of the date on which they
begin employment. Therefore,
please bring the appropriate documents to fulfill these requirements on your first day of
employment.

This offer of employment is valid for a period of ten (10) working days from the date of this
letter, after which it may be withdrawn. In the event you accept this
offer of employment, please
acknowledge via your signature below and return the executed document to the attention of Dianne
Walker, Senior VP of Human Resources, by either e-mail (Dianne.Walker@dyn-intl.com) or fax
(817) 224-1794.

The foregoing summarizes DI’s offer. I look forward to your positive response and would
welcome working closely together to advance DynCorp International’s global interests and
growth.

Sincerely,

	 	 	 
	/s/ William L. Ballhaus
 

William L. Ballhaus

	 	 
	President and Chief Executive Officer
	 	 
	DynCorp International LLC
	 	 

I accept the offer of employment as stated above. I understand that I have the right to terminate
my employment at any time, with or without cause, and that DynCorp International retains the same
right. I further understand that the terms of this offer of employment supersede the terms of all
previously executed offers of employment.

	 	 	 
	/s/ Steven T. Schorer
 

Steven T. Schorer

3190 Fairview Park Drive, Suite 700, Falls Church, Virginia, 22042

Phone: (703) 462-7100 — Fax: (703) 462-7210 — www.dyn-intl.com

 

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