Document:

ex10_4.htm

    
      

    

    OPTION(S)
TO EXTEND

    STANDARD
LEASE ADDENDUM

    

    

                                        Dated February 14,
2007__________________________________________________

    

                                        By and between
(Lessor) Land Associates Trust, E.C.
Alsenz, Trustee_______________

                                                                                     _________________________________________________­­­

    

                                        By and between
(Lessee) T3
Motion, Inc., a Delaware Corporation__________________

                                                                                      
________________________________________________

    

    

                                        Address of
Premises:  2990 Airway
Avenue__________________________________

                                                                 Costa Mesa,
CA______________________________________

    
      

    

    
      

    

    
      Paragraph
51   

    

    
      

    

    
      A.     OPTION(s)
TO EXTEND:

    

    
      Lessor
hereby grants to Lessee the option to extend the term of this Lease for
 one    (1)     additional
 60 month period(s)
commencing when the prior term expires upon each and all of the following terms
and conditions:

    

    
      

    

    
      (i)      In
order to exercise an option to extend, Lessee must give written
notice of such election to Lessor and Lessor must receive the same at
least 6     but
not more than 12­­­­  
months prior to the date that the option period would commence, time being of
the essence. If proper notification of the exercise of an option is not given
and/or received, such option shall automatically expire.  Options
(if there are more than one) may only be exercised
consecutively.

    

    
      

    

    
      
        	
                 

              	
                
                  (ii)    
      The provisions of paragraph 39, including those relating to Lessee's
      Default set forth in paragraph 39.4 of this Lease, are conditions of this
      Option.

                

              

       
(iii)    Except for the provisions of this Lease granting an
option or options to extend the term, all of the terms and conditions of this
Lease except where specifically modified by this option shall
apply.

    

    
      

    

    
      (iv)    This Option
is personal to the origin at Lessee, and cannot be assigned or exercised
by anyone other than said original Lessee and only while the original
Lessee is in full possession of the Premises and without the intention of
thereafter assigning or subletting.

       

    

    
      
        	
                 

              	
                (v)    
      The monthly Rent for each month of the option period shall be
      calculated as follows, using the method(s) indicated below: (Check
      Method(s) to be Used and Fill in
Appropriately)

              

      

    

    
      

    

    
      
        [  ]   
l.   Cost of Living Adjustment(s) (COLA)

        a. On
(Fill in COLA
Dates):____________________________________________________________________________________________________________________________________________________________________________

         

        the
Base Rent shall be adjusted by the change if any  from
  the  Base  Month  specified
 below in the  Consumer Price index of the Bureau
 of Labor Statistics of the U.S. Department of labor for (select one)
o  CPI
W ( Urban  Wage Earners and Clerical Workers) or o 
CPI U (All Urban Consumers) , for (Fill in Urban
Area)

        All
Items (1982- 1984 -100) herein referred to as CPI

         

                b.  
  The monthly rent payable in accordance with paragraph A.1.a of this
Addendum shall be calculated as follows: the Base Rent set forth in paragraph
1.5 of  the attached Lease shall be multiplied to a fraction the
numerator of which shall be the CPI of the calendar month 2 months prior
to  the month(s) specified in paragraph A. 1.a above during which the
adjustment is to take effect, and the denominator of which shall be thee CPI if
the calendar month which is 2 months prior to (select one) o the
first month of the term of this Lease as set forth in paragraph
1.3  (Base Month”) or  o (Fill
in other Base Month)

         

        The
sum so calculated  shall constitute the new monthly rent hereunder but
in no event shall any such new monthly rent be less than the
rent  payable for the month immediately preceding the rent
adjustment.

         

                c.      In
the event the compilation and/or publication of the CPI shall be transferred to
any other governmental department or bureau or agency or shall be discontinued
then the index most nearly the same as the CPI shall be used to make such
calculation.  In the event that the Parties cannot agree on such
alternative index, then  the matter shall be submitted for decision to
the American Arbitration Association in accordance with the then rules of said
Association and the decision of the arbitrators shall be binding upon the
parties. The cost of said Arbitration shall be paid equality by the
Parties.

      

    

    
      

    

    
      [x]    II.     Market
Rental Value Adjustment(s) (MRV)

       a.     On
(Fill in MRV Adjustment  Date(s)    September   1,    2012                                                                                                                                                                                                                                                                                     

    

    
      the Base
Rent shall be adjusted to the "Market Rental Value" of the property as
follows;

    

    
               1)  Four
months prior to each Market Rental Value Adjustment Date described
above, the

    

    
      Parties
shall attempt to agree upon what the new MRV will be on the adjustment
date. If agreement cannot be reached within thirty days,
then:

    

    
                                   
(a)  Lessor and Lessee shall immediately appoint a mutually
acceptable appraiser or broker to establish the new MRV within the
next 30 days. Any associated costs will be split equally between the Parties,
or

    

    
                   
(b)  Both Lessor and Lessee shall each immediately
make a reasonable determination of the MRV and
submit such determination, in  writing,
to arbitration in accordance with the following provisions:

       

    

    
      

    

    
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      2	 	 
	 	 	 	 	 
	INITIALS 	 	 	 	
              INITIALS 

            

      
        	©1999 - AIR COMMERCIAL REAL
      ESTATE ASSOCIATION 	 	
                   
      FORM MTN-G-3/0GE 

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
                       (i) Within 15 days
thereafter, the Lessor and Lessee shall each select an [ ] appraiser or
[x]
broker ("Consultant" -
check one) of their choice to act as an arbitrator. The two arbitrators so
appointed shall immediately select a third mutually acceptable Consultant to act
as a third arbitrator.

    

    
      

    

    
                   (ii)
The 3 arbitrators shall within 30 days of the appointment of the third
arbitrator reach decision
as to what the actual MRV for the Premises is  and whether
Lessor's or Lessee's submitted MRV is the closest thereto.  The
decision of a majority of the arbitrators shall be binding on the Parties. The
submitted MRV which is determined to be the closest to the actual MRV shall
thereafter be used by the Parties.

    

    
      

    

    
                           (iii)  If
either of the Parties fails to appoint an arbitrator within the
specified 15 days, the arbitrator  timely
appointed by one of them shall reach a decision on his or her own, and
said decision shall be binding on the Parties.

    

    
      

    

    
                   (iv) The
entire cost of such arbitration shall be paid by the Party whose
submitted MRV is   not
selected, i.e. the one that is NOT the closest to the actual
MRV.

    

    
      

    

    
          
2) Notwithstanding the foregoing, the new MRV shall not be less than the
rent payable   the month immediately preceding the Rent
adjustment.

       

    

    
                
   b.   Upon the establishment of
each New Market Rental Value:

    

    
           1)  the
new MRV will become the new “Base Rent" for the purpose of
calculating any further Adjustments, and

    

    
          
2)  the first month of each Market Rental Value
term  shall  become the new "Base Month" for
the  purpose of calculating  any further
Adjustments.

    

    
      

    

    
      [ 
]   III.    Fixed Rental Adjustment(s)
(FRA)

    

    
      The Base
Rent shall be increased to the following amount on the dates set forth
below:

    

    
      

    

    
      

    

    
      
         

        
          	 	
                  On (Fill in FRA
      Adjustment Date(s): 

                	 	
                  The New Base Rent
      shall be: 

                	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

        

         

         

    

    
      

    

    
      

    

    
      B.    NOTICE

    

    
      Unless
specified otherwise herein, notice of any Rental adjustments,  other
than Fixed  Rental Adjustments, shall be made as specified in paragraph 23
of the Lease.

       

    

    
      C.    BROKER'S
FEE:

    

    
      The
Brokers shall be paid a Brokerage Fee for each adjustment specified above in
accordance with paragraph 15 of the Lease.

    

    
      

    

    
      NOTICE: These forms arc often
modified to meet changing requirements of law and industry needs. Always write
or call to make sure you are utilizing the most current form: AIR
Commercial Real Estate
Association, 800 W 6th Street, Suite 800, Los Angeles, CA 90017. Telephone No. (213) 687-8777. Fax
No.: (213)
687-8616.

    

    
       

       

       

       

       

      
 

    

    
      

    

    
      
        
          

        

        
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	INITIALS 	 	 	 	
                  INITIALS 

                

          
            	©1999 - AIR COMMERCIAL REAL
      ESTATE ASSOCIATION 	 	
                       
      FORM
MTN-G-3/0GEex10_5.htm

    
      

    

    
      ADDENDUM
TO THE AIR STANDARD INDUSTRIAL/COMMERCIAL MULTI-TENANT

    

    
      LEASE
- NET DATED FEBRUARY 14, 2007 BY AND BETWEEN LAND ASSOCIATES
TRUST,

    

    
      AS
LESSOR AND T3 MOTION, INC, A DELAWARE CORPORATION AS LESSEE FOR
THE

    

    
      PROPERTY
COMMONLY KNOWN AS 2990 AIRWAY AVENUE, COSTA MESA, CA

       

       

    

    
      52.      
Base
Rent:                                     The
months of June, July and August, 2007 shall be at one-half (1/2) Abated Base
Rent.

       

    

    
      53.       Tenant
Improvements:                 Lessor,   at   Lessor's   cost   shall   perform   the    following   Tenant
Improvements:

    

    
      

    

    
          a)   Provide
all utilities and systems, including HVAC system, in good working
order.

    

    
          b)   Provide
new flooring in office area using building standard glue down carpeting and
linoleum.

    

    
          c)    Refurbish
warehouse floor;

    

    
          d)    Finish
the office restrooms.

    

    
          e)    Demo
the office area in the middle of the warehouse, leaving the
restrooms.

       

    

    
             In
addition Lessee, at Lessee's sole cost shall be allowed to perform the
following Tenant Improvements per a mutually agreed upon plan:

       

    

    
          a)   Modify
the lobby/reception area.

    

    
      

    

    
            Other
than the Tenant improvements mentioned above, Lessor shall deliver thePremises
per the terms of the 

       
AIR Standard Industrial/Commercial Multi-Tenant
Lease- Net.

    

    
      

    

    
      AGREED
AND ACCEPTED:

    

    
      

    

    
      LESSOR:                                                                                                LESSEE:

    

    
      

    

    
      LAND ASSOCIATES
TRUST                                                            T3 MOTION,
INC.

    

    
      E.C. ALSENZ,
TRUSTEE                                                                   
 A DELAWARE
CORPORATION

    

    
      :

    

    
      

    

    
      By:           ____________________________________             By:           __________________________________

    

    
      Its:           ____________________________________              Its:           __________________________________

    

    
      Date:        ___________________________________             
 Date:        _________________________________

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