Document:

exv10w5

 

Exhibit 10.5

SEVENTH AMENDMENT TO OFFICE LEASE AGREEMENT

     THIS SEVENTH AMENDMENT TO OFFICE LEASE AGREEMENT (this “Seventh Amendment”) is made
and entered into the ___day of October, 2005 (the “Effective Date”) 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”); (iv) that
certain Fourth Amendment to Office Lease Agreement dated December 13, 2001 (the “Fourth
Amendment”); (v) that certain Fifth Amendment to Office Lease Agreement dated August 18, 2003
(the “Fifth Amendment”); and (vi) that certain Sixth Amendment to Office Lease Agreement March 16,
2005 (the “Sixth Amendment”) (the Original Lease, First Amendment, Second Amendment, Third
Amendment, Fourth Amendment, Fifth Amendment and Sixth Amendment and this Seventh Amendment are
hereinafter collectively referred to as the “Lease”), by and between Landlord and Tenant,
Landlord has leased to Tenant certain premises located at 12701 Fair Lakes Circle, Fairfax,
Virginia 22033, as more particularly described in the Lease; and

     B. Tenant desires to consolidate its entire operations to Suite 550 and to vacate the
remaining leased premises; and

     C. Landlord and Tenant have agreed to amend certain terms and provisions of the Lease as
provide herein, subject to approval by the United States Bankruptcy Court for the Eastern District
of Virginia.

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

	 	1.	 	All capitalized terms used in this Seventh Amendment shall, unless
specifically defined herein, have the same meaning and definition as used in the
Lease.
	 
	 	2.	 	On or before October 31, 2005 Tenant shall vacate its leased premises on the
first floor of the Building and which is known as Suite 160 and Suite 155 (the
“Surrendered Space”). On the later of October 31, 2005 or the

 

 

	 	 	 	date Tenant actually vacates the Surrendered Space to Landlord in accordance with
the Lease, the Lease shall terminate as to the Surrendered Space. Time is of the
essence.
	 
	 	3.	 	Tenant shall continue to lease from Landlord 11,305 square feet of the Fifth
Floor and which is known as Suite 550 (the “Assumed Space”). Tenant agrees to accept
the Assumed Space in its “as is” and “where is” condition and Landlord shall have no
obligation to make any improvements or modifications whatsoever to such premises or to
the Building.
	 
	 	4.	 	Tenant’s Base Rent for the Assumed Space during the remainder of the Term
shall be $25,671.77 per month, which amount is based on $27.25 per square foot of
Rentable Area comprising the Assumed Space. Tenant shall continue to pay Additional
Rent for the Assumed Space in accordance with the Lease.
	 
	 	5.	 	The Expiration Date of the Lease shall remain January 31, 2006 (“Lease
Expiration Date”) as set forth in the Sixth Amendment. Tenant shall vacate the
Assumed Space in accordance with the Lease no later than the Lease Expiration Date.
	 
	 	6.	 	Except as expressly modified by this Seventh Amendment, the Lease remains
unchanged and in full force and effect.

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

	 	 	 	 	 	 	 
	 	 	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:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 
	 

	 	 	 	 	 	 

2

 

	 	 	 	 	 	 	 
	 	 	TENANT:
	 
	 	 	 	 	 	 
	 	 	XYBERNAUT CORPORATION, formerly known as Computer
Products and Services, Inc., a Delaware
corporation
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 
	 

	 	 	 	 	 	 

3exv10w6

 

Exhibit 10.6

SIXTH AMENDMENT TO STORAGE SPACE RENTAL AGREEMENT

     THIS SIXTH AMENDMENT TO STORAGE SPACE RENTAL AGREEMENT (this “Sixth Amendment”) is
made and entered into the ___day of October, 2005, by and between HYATT PLAZA LIMITED PARTNERSHIP,
a Virginia limited partnership (the “Landlord”) and XYBERNAUT CORPORATION, a Delaware
corporation, formerly known as Computer Products and Services, Inc. (the “Tenant”), with
reference to the following:

RECITALS

     A. Landlord leased to Tenant certain Premises (as defined therein) pursuant to the terms and
conditions of that certain Office Lease Agreement dated November 1, 194 (the “Original
Lease”), as amended, (the Lease).

     B. Pursuant to that certain Storage Space Rental Agreement dated as of January 15, 1997 (the
“Original Agreement”), as amended by (i) that certain First Amendment to Storage Space
Rental Agreement dated September 2, 1997 (the “First Amendment”), (ii) that certain Second
Amendment to Storage Space Rental Agreement dated August 20, 1998 (the “Second Amendment”);
(iii) that certain Third Amendment to Storage Space Rental Agreement dated April 1, 2003 (the
“Third Amendment”); (iv) that certain Fourth Amendment to Storage Space Rental Agreement
dated August 18, 2003 (the “Fourth Amendment”); (v) that certain Fifth Amendment to Storage
Space Rental Agreement dated March 16, 2005 (the “Fifth Amendment”) (the Original
Agreement, First Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment
and this Sixth Amendment are hereinafter collectively referred to as the “Agreement”) by
and between Landlord and Tenant, Landlord leased to Tenant certain storage space located on the
lower level of the building commonly known as Hyatt Plaza, 12701 Fair Lakes Circle, Fairfax,
Virginia 22033 (the “Building”), which storage space is more particularly described in the
Agreement; and

     C. Tenant desires to vacate a portion of its leased storage space and to retain the remaining
part of its leased storage space; and

     D. Landlord and Tenant desire to further amend the Agreement as more particularly described
herein subject to approval by the United States Bankruptcy Court for the Eastern District of
Virginia.

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

     1. All capitalized terms used in this Sixth Amendment, unless specifically defined herein,
shall have the same meaning and definition as used in the Agreement.

 

 

     2. On or before October 31, 2005 Tenant shall vacate and surrender Four Hundred (400) square
feet (the “Surrendered Space”) of the One Thousand Two Hundred Eight Three (1, 283) square feet of
storage space it currently leases from Landlord, as more particularly described in Exhibit “A”
attached hereto. Thereupon, the Agreement shall terminate as to the Surrendered Space. Time is of
the essence. Tenant shall continue to lease from Landlord the remaining Eight Hundred Eight Three
(883) square feet of storage space which is known as the Large Storage Space until the expiration
date of the Lease, i.e. January 31, 2006 (the “Storage Space Rental Agreement Expiration Date”).

     3. Tenant agrees to accept the Large Storage Space in its “as is” and “where is” condition,
and Landlord will have no obligation to make any improvements or modifications whatsoever to the
Large Storage Space.

     4. Landlord and Tenant agree that the monthly Base Rent for the Large Storage Space shall be
Eight Hundred Eighty Three Dollars ($833) which amount is based on $12.00 per square foot of
Rentable Area in the Large Storage Space.

     5. Tenant shall vacate and surrender the Large Storage Space in accordance with the Agreement
no later than the Storage Space Rental Agreement Expiration Date. Tenant shall remove all of its
property from the Large Storage Space no later than the Storage Space Rental Agreement Expiration
Date.

     6. Except as expressly modified by this Sixth Amendment, the Agreement remains unchanged and
in full force and effect in accordance with its terms.

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

	 	 	 	 	 	 	 
	 	 	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:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 
	 

	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 
	 	 	TENANT:
	 
	 	 	 	 	 	 
	 	 	XYBERNAUT CORPORATION, formerly known as Computer
Products and Services, Inc., a Delaware
corporation
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:exv10w9

 

Exhibit 10.9

[FORM OF LETTER AGREEMENT]

__________
____ , 2006

Global
Logistics Acquisition Corporation

330 Madison Avenue, Sixth Floor

New York, NY 10017

Re:     Warrant Purchase Commitment Agreements

Dear Sirs:

     Reference
is made to those certain warrant purchase commitment agreements (the
“Warrant Purchase Agreements”)
entered or to be entered into by us and the initial stockholders of Global Logistics Acquisition
Corporation (the “Company”) as described in the
Company’s registration statement on Form S-1
(File No. 333-128591) (as may be amended and supplemented from time
to time, the “Registration
Statement”).

     This
letter agreement will confirm our agreement that in the event we are retained by the Company to
provide services relating to a possible business combination following the completion of the
Company's initial public offering pursuant to the Registration Statement, we will assign our
obligations to purchase Company warrants pursuant to the Warrant Purchase Agreements to a broker
dealer(s) unaffiliated and independent of us.  In such event, we further confirm that we will not
agree to receive, and will not accept, any compensation as a result of such assignment.

     This
letter agreement shall be binding on us and the Company and our and their respective successors
and assigns.

     This
letter agreement shall be governed by and interpreted and construed in accordance with the laws of
the State of New York applicable to contracts formed and to be performed entirely within the State
of New York, without regard to the conflicts of law provisions thereof to the extent such principles
or rules would require or permit the application of the laws of another jurisdiction.

     No term
or provision of this letter agreement may be amended, changed, waived, altered or modified except
by written instrument executed and delivered by the party against whom such amendment, change,
waiver, alteration or modification is to be enforced.

[Remainder
of Page Intentionally Left Blank]

 

 

Very truly yours,

BB&T Capital Markets, a Division of Scott & Stringfellow, Inc.

By:______________________

Name:____________________

Title:_____________________

Accepted and agreed as of the date hereof:

Global Logistics Acquisition Corporation

By:______________________

Name:____________________

Title:_____________________

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