EXHIBIT 10.5.5
ADDENDUM TO LEASE AGREEMENT
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This addendum (the "Addendum") is made and entered into on August 31,
2006, effective July 27, 2006, by and between Xxxx X. Xxxxxxx hereafter referred
to as LESSOR and Jupiter Marine International Holdings, Inc., a Florida
corporation, hereafter referred to as LESSEE.
WHEREAS, pursuant to that certain Lease Agreement dated July 27, 2001
(the "Lease Agreement") LESSEE has leased from LESSOR the Premises (as defined
under the Lease Agreement).
WHEREAS, the Lease Agreement expired pursuant to its terms on July 26,
2006.
WHEREAS, the parties desire to extend the term of the Lease Agreement
for an additional three (3) years from its initial termination date.
NOW, THEREFORE, IT IS AGREED:
(A) LESSOR and LESSEE amend Section 2 of the Lease Agreement as
follows:
"2. TERM: The commencement date of this Lease is July 27, 2001 and the
termination date is July 26, 2009."
(B) No modification of this Addendum shall be binding upon the parties
or either of them unless such modification shall be in writing and executed by
the parties hereto, with the Lease Agreement and this Addendum governed by and
construed in accordance with the laws of the State of Florida and binding upon
the parties, there successors, legal representatives and assigns.
(C) Except as amended hereby, the Lease Agreement shall remain in full
force and effect. In the event of any conflict between the Lease and this
Addendum, the Lease Agreement shall govern.
IN WITNESS WHEREOF, the parties hereto have caused this document to be
signed and sealed by their duly authorized officers and representatives.
LESSOR: XXXX X. XXXXXXX LESSEE: JUPITER MARINE INTERNATIONAL
HOLDINGS, INC.
/s/ Xxxx X. Xxxxxxx By: /s/Xxxxxxxx Xxxxxxx
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Name: Xxxxxxxx Xxxxxxx
Its: Chief Financial Officer
