1
EXHIBIT 10.29
LEASE ADDENDUM
This Lease Addendum ("Addendum") shall modify the terms and conditions of the
Lease Agreement for the Premises known as 000 Xxxxxxxx Xxxxxx, Xxxx 00, Xxx
Xxxxxxxxx, between SOUTH BEACH WAREHOUSE LLC, A CALIFORNIA LIMITED LIABILITY
COMPANY ("Landlord"), and XYBERNAUT CORPORATION, A DELAWARE CORPORATION
("TENANT"), dated September 10th, 1996. The terms and conditions are amended as
follows:
1. Tenant hereby exercises the Option to Renew as outlined within Section
3(c) of the Agreement for a period of one (1) year. The Lease Term
Expiration Date shall be revised to September 14, 1998.
2. The Monthly Rent shall be increased by four percent (4%) as stipulated
within Section 3(c) of the Agreement. The revised Monthly Rent shall be
$4,628.00.
3. The Pro Rata Share of Utilities and Services shall remain at the current
level.
4. The Parking Rent shall be increased to $100.00 per month as stipulated
within Section 3(c) of the Agreement.
This Addendum is executed by Landlord and Tenant as of July 31, 1997.
TENANT:
Xybernaut Corporation, a Delaware corporation
By: /S/ Xxxx X. Xxxxxxxx
----------------------------------
Name/Title: Xxxx X. Xxxxxxxx SVP & CFO
----------------------------------
LANDLORD:
South Beach Warehouse LLC, a California
limited liability company
By: /S/ Xxxxxxx McNemey
----------------------------------
Xxxxxxx McNemey, General Manager
