LEASEADDENDUM

This addendum reflects exercise of option terms as part of the initial lease between Flagship Enterprise Center and ALTAIR Nanotechnologies, a Nevada Corporation, wherein Altairnano desires to lease an additional 40,000 ft2 of space adjacent to the originally leased space.  Original beginning date, terms and conditions apply to the original space of 30,000 ft2, as well as the additional space of 40,000 ft2.  A new Schedule B, superceding the original Schedule B, is attached to this addendum to reflect the added space.

IN WITNESS WHEREOF, the said parties have hereunto set their hands and seals this 1st day of March, 2008.

 

During months 9-12 (March 2008 – June 2008) of this Lease, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Twenty Thousand Four Hundred Seventeen Dollars ($ 20,417.00), being the sum of: (a) Eight Thousand Seven Hundred Fifty Dollars ($8,750.00) [being the product of $3.50, the rent per square foot, and 30,000 square feet, the area of the Leased Premises divided by 12 months] and Eleven Thousand Six Hundred Sixty Seven Dollars ($11,667.00) [being the product of $ 3.50, the rent per square foot, and 40,000 square feet, the area of the Leased Premises, divided by 12 months].

 

During subsequent 12 Month periods of this Lease, by similar calculation, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments as follows: