Document:

exhibit10-4.htm

    Exhibit 10.4

     

    SECOND ADDENDUM TO
LEASE AGREEMENT 

     

         On this 25th day of August 2000, Jagar L.L.C. a Michigan
limited liability company, ("Lessor") and Picometrix, Inc. a Michigan
corporation ("Lessee") enter into this Second Addendum To Lease Agreement
("Agreement") in consideration of the mutual promises contained herein for the
purpose of revising the terms and conditions of the Lease Agreement dated June
28, 2000 for certain real estate generally known as 2529 Boardwalk, Suite 100,
Ann Arbor, Michigan ("Premises"), upon the following provisions, conditions, and
covenants.

     

    PROVISIONS, CONDITIONS, AND
COVENANTS:

     

    
      	1	      	Article 1
      – Description is hereby revised to reflect Lessee's revised square footage
      of 30,866 (9,904 warehouse and 20,962 office)
	 
	2	
            	Article
      II, Section 2 – Lessee shall upon execution of this Addendum remit payment
      to Lessor in the sum of $4,903.64 as the balance of the first month's
      rental owed. Said first month's rental shall upon Lessor's receipt be
      revised to $37,822.69.
	 
	3	
            	Article
      II, Section 2 – Lessee shall upon execution of this Addendum remit payment
      to Lessor in the sum of $4,903.64 as the balance of the Security Deposit
      owed. Said Security Deposit shall upon Lessor's receipt be revised to
      $37,822.69.
	 
	4	
            	Article
      II, Section 2 – Is hereby revised to reflect the total sum of base rent
      during the term of the Lease Agreement dated June 28, 2000 as "Three
      Million Five Hundred Eighty Six Thousand Six Hundred Twenty Nine and
      601100's ($3,586,629.60) Dollars" and shall further revise the total base
      monthly rental to" Twenty Nine Thousand Eight Hundred Eighty Eight and
      58/100's ($29,888.58) Dollars".
	 
	5	
            	Article
      II, Section 3 said date of December 1, 2000 which was revised to January
      1, 2001 pursuant to the letter dated August 10, 2000.
	 
	6	
            	Lessee's
      proportionate share as described throughout the Lease Agreement dated June
      28, 2000 is hereby revised to 61.2%.
	 
	7	
            	Addendum
      To Lease dated June 28, 2000 Section 1 – The forty-five (45) day period is
      hereby revised to seventy-five (75) days. Due to this extension of time
      Lessor can no longer guarantee the amended completion date of January 1,
      2001 for said facility as stated in Article II, Section 3.
	 
	8	
            	The plans
      and specifications and indicated and attached to the Lease Agreement and
      Addendum to Lease Agreement both of which are dated June 28, 2000 are
      hereby noted to include the revised plans and specifications attached
      hereto and made a part of this Second Addendum, the Addendum To Lease and
      the Lease Agreement.

    

     

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         IN WITNESS WHEREOF, the parties hereto have
affixed their signatures or have authorized those of their appropriate
representatives to be affixed on the day and year set forth herein.

     

    
      	LESSOR: JAGAR L.L.C.
	 
	By: 	/s/ Michael
      Roth                       
      	 
	Its: Member
	 
	LESSEE: PICOMETRIX, INC.
	 
	By: 	/s/ Robin F. Risser   	 
	Its: Chief Executive Officer

    

    - 34 -exhibit10-5.htm

    
      Exhibit 10.5 

    

     

    THIRD
ADDENDUM TO LEASE AGREEMENT

     

         On this 17th day of November 2000, Jagar L.L.C. a Michigan limited liability company,
("Lessor") and Picometrix, Inc. a Michigan Corporation ("Lessee") enter into
this Third Addendum To Lease Agreement ("Agreement") in consideration of the
mutual promises contained herein for the purpose of revising the terms and
conditions of the Lease Agreement dated June 28, 2000, Addendum To Lease dated
June 28, 2000, and the Second Addendum To Lease Agreement dated August 25, 2000
for certain real estate generally known as 2529 Boardwalk, Suite 100, Ann Arbor,
Michigan ("Premises"), upon the following provisions, conditions, and
covenants.

     

    PROVISIONS, CONDITIONS, AND COVENANTS:

     

    
      	1.	      	Article 1 – Description is hereby revised to
      reflect Lessee's revised square footage of 50,335 (16,360 warehouse and
      33,975 office). It is hereby noted that Lessee is occupying the entire
      premises.
	 
	2.	
            	Article 1 – Description is hereby revised to
      reflect the correct address for said premises, 2925, 2927, 2929 and 2931
      Boardwalk, Ann Arbor, Michigan.
	 
	3.	
            	Article II, Section 2 – Lessee shall upon
      execution of this Addendum remit payment to Lessor in the sum of
      $20,865.42 as the balance of the first month's rental owed. Said first
      month's rental shall upon Lessor's receipt be revised to
    $58,688.56.
	 
	4.	
            	Article II, Section 2 – Lessee shall upon
      execution of this Addendum remit payment to Lessor in the sum of
      $20,865.42 as the balance of the Security Deposit owed. Said Security
      Deposit shall upon Lessor's receipt be revised to $58,688.56.
	 
	5.	
            	Article II, Section 2 – Is hereby revised to
      reflect the total sum of rent during the term of the Lease Agreement dated
      June 28, 2000 as "Seven Million Forty Two Thousand Six Hundred Twenty
      Seven and 20/100's ($7,042,627.20) Dollars" and shall further revise the
      total monthly rental to" Fifty Eight Thousand Six Hundred Eighty Eight and
      56/100's ($58,688.56) Dollars".
	 
	6.	
            	Article II, Section 3 said date of December 1,
      2000 which was revised to January 1, 2001 pursuant to the letter dated
      August 10, 2000 is hereby further revised to March 31,2001. Said date is
      subject to final interior Building Permit being issued no later than
      December 15, 2000.
	 
	7.	
            	Lessee's proportionate share as described
      throughout the Lease Agreement dated June 28, 2000 and its subsequent
      agreements is hereby revised to 100%. Lessee is the sole occupant of the
      entire Premises.
	 
	8.	
            	Article XXXXXVI is hereby deleted in its
      entirety.
	 
	9.	
            	All terms, conditions and covenants of the
      Lease Agreement, Addendum To Lease and the Second Addendum To Lease that
      refer to said premises as being multi-tenant or occupied by more than one
      party are hereby revised to reflect Lessee as the sole occupant. Those
      responsibilities as defined under the various articles and sections shall
      fall solely on Lessee.
	 
	10.	
            	The Unconditional Irrevocable Letter of Credit
      in the sum of $275,000.00 , as defined under the Addendum To Lease dated
      June 28, 2000 Item No.2, shall be submitted to Lessor, in a form
      acceptable to Lessor, on or before November 17, 2000.
	 
	11.	
            	The plans and specifications
      as indicated and attached to the Lease Agreement, Addendum to Lease
      Agreement and the Second Addendum To Lease Agreement are hereby noted to include the revised plans
      and specifications attached hereto and made a part of this Third Addendum,
      the Addendum To Lease and the Lease
  Agreement.

    

     

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         IN WITNESS WHEREOF, the parties hereto have
affixed their signatures or have authorized those of their appropriate
representatives to be affixed on the day and year set forth herein.

     

    
      	LESSOR: JAGAR L.L.C.
	 
	By: 	/s/ Michael
      Roth                       
      	 
	Its: Member
	 
	LESSEE: PICOMETRIX, INC.
	 
	By: 	/s/ Robin F.
      Risser   	 
	Its: Chief Executive
  Officer

    

    - 36
-exhibit10-6.htm

    Exhibit 10.6 

     

    CONSENT BY LANDLORD 
TO
ASSIGNMENT OF LEASE BY MERGER 

     

         THIS CONSENT TO ASSIGNMENT OF LEASE BY
MERGER is given as of May 2, 2005, by Jagar, L.L.C., a Michigan limited
liability company (the "Landlord"), for the benefit of Picotronix, Inc., a
Michigan corporation doing business as Picometrix, Inc. (the "Tenant") and
Michigan Acquisition Sub, LLC, a Delaware limited liability company (the
"Assignee").

     

    WITNESSETH: 

     

         WHEREAS, Landlord, as landlord, and Tenant,
as tenant, entered into that certain Lease Agreement, dated as of June 18, 2000,
for Tenant's lease of the premises commonly known as 2925 Boardwalk, Ann Arbor,
Michigan 48103 (the "Lease");

     

         WHEREAS, pursuant to that certain Agreement
and Plan of Merger, dated as of March 8, 2005, among Advanced Photonix, Inc, a
Delaware corporation and the sole member of the Assignee, the Tenant and the
Assignee, Tenant will merge with and into Assignee, the separate existence of
Tenant will cease and the Assignee will, as a matter of law, assume all of the
rights and obligations of the Tenant, including, without limitation, the Lease
(the "Merger");

     

         WHEREAS, the Lease provides, among other
things, that the Lease shall not be assigned without the Landlord's written
consent; and

     

         WHEREAS, although the Lease will become the
obligation of the Assignee at the effective time of the Merger (the "Effective
Time") as a matter of law, the consent of Landlord to the resultant change in
the tenant under the Lease is a condition precedent to the Merger and Landlord
has agreed to provide such consent. 

     

         NOW THEREFORE, in consideration of the
benefit of the Lease to the Landlord and for valuable consideration, the receipt
of which is hereby acknowledged, the Landlord hereby consents to assumption by
the Assignee of the rights, duties and obligations of the Tenant under the Lease
as of the Effective Time. The Landlord further acknowledges that as of the
Effective Time, the name of the Assignee will become "Picometrix, LLC."

     

         By execution hereof, Assignee agrees to
perform and observe the covenant and obligations of Tenant under the Lease as of
the Effective Time and Tenant acknowledges and agrees that all of its
obligations under the Lease shall inure to the benefit of the Assignee as of the
Effective Time, without any further act of Landlord, Tenant or Assignee.

     

         This instrument may be executed by
facsimile and in one or more counterparts, each of which shall constitute an
original, and all of which together shall constitute one and the same
instrument.

     

         This instrument may be executed by
facsimile signature and in one or more counterparts, each of which shall
constitute an original, and all of which together shall constitute one and the
same instrument.

     

    [SIGNATURES ON FOLLOWING PAGE]

     

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         IN WITNESS WHEREOF, the Landlord, Tenant
and Assignee have caused this Agreement to be duly executed as of the day and
year first above written.

     

    
      	JAGAR, L.L.C.
	    
	By: 	/s/ Michael
      Roth   	 
	             Michael Roth,
	             Its Authorized Member
	   
	PICOTRONIX, INC., doing business
  as
	Picometrix, Inc.
	   
	By: 	/s/ Robin F.
      Risser   	 
	             Robin F. Risser
	             Its Chief Executive
  Officer
	   
	MICHIGAN ACQUISITION SUB, LLC, to
  be
	known as of the Effective Time as
	Picometrix, LLC
	   
	By Advanced Photonix, Inc.
	Its Sole Member
	   
	By: 	/s/ Richard
      Kurtz   	 
	             Richard Kurtz
	             Its Chairman and Chief Executive
      Officer

    

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