Commercial Lease Termination Agreement

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Exhibit 10.10

Commercial Lease Termination Agreement

        This Commercial Lease Termination Agreement (this "Agreement") dated January 20, 2004 is made between Bravante-Curci Investors, L.P., a California limited partnership ("BCI"), and DPAC Technologies Corp., a California Corporation ("Lessee").

Recitals

        This termination agreement is in reference to the signed Standard Industrial/Commercial Single-Tenant Lease—Gross dated September 9, 2003 (the "Lease"), executed between BCI (therein the Lessor) and Lessee on September 30, 2003 for premises consisting of a two-story, corporate headquarters building with approximately 24,026 rentable square feet located at 3545 Howard Way, Costa Mesa, California 92626 and is further described as APN 415-112-20 (the "Premises").

        Lessee desires to terminate the Lease and BCI is willing to accept the termination of the Lease, and to settle and dispose of, fully and completely, any and all claims, demands and causes of action now existing or hereafter arising out of, in connection with, or relating to the termination of the Lease or the Premises.

        FOR GOOD AND VALUABLE CONSIDERATIONS, the receipt and sufficiency of which are hereby acknowledged, BCI and Lessee agree as follows:

Agreement

        1.     On or before February 1, 2004, Lessee will pay BCI the amount of $33,429 (This represents $81,000 in commissions less $22,344 rent deposit and $25,227 security deposit). The $81,000 represents the commission to the two brokers of record under the Lease. The payment represents commissions of $23,667 (as negotiated) to Lee & Associates-Newport Beach, Inc. and $57,333 to Staubach Company.

        2.     On or before February 1, 2004, Lessee will pay BCI $130,000, representing the payment of $20,000 for February 2004 and $110,000 (representing a payment of the minimum of $10,000 per month for the remaining eleven months). Then each month over the next eleven months, commencing March, 2004 and ending January, 2005, Lessee will pay BCI at the rate of $10,000 per month (with the amount subject to adjustment as described below) representing the costs of termination of the Lease. Payment will be made by the fifth day of each month and total payments shall not be less than $120,000 and shall not exceed $240,000 over this twelve-month period.

        3.     During the period commencing February 1, 2004, BCI will use reasonable diligence to lease the Premises, (the "New Lease"). BCI's failure to do so shall in no event relieve Lessee of its obligations hereunder. Upon the signing of the New Lease (as of the date of a new lessee signing the lease or occupancy, whichever is earlier), DPAC will be notified by BCI, and the monthly payment, referenced in Item 2 above will cease. DPAC will be notified by the broker of record on the prope