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______________________________________
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.
(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.
[ ] 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