LEASE AMENDMENT AND EXTENSION AGREEMENT
In reference to the lease dated September 1, 2006 (hereinafter referred to as the "Lease"), signed by Deep
Down, Inc., a Delaware corporation (hereinafter referred to as the "Tenant") and JUMA, L.L.C. (hereinafter
referred to as the "Landlord"), the Tenant leases the Leased Premises from the Landlord.
Tenant wishes to lease additional land and building(s), if any, adjacent to the Leased Premises together
comprising Leased Premises from Landlord. Tenant and Landlord wish to extend the Lease Term to August
31, 2013. Tenant and Landlord wish to adjust the Base Rent for the lease of additional Leased Premises.
In consideration of the mutual agreements in this lease amendment and extension (the "Lease
Amendment"), the parties agree as follows:
This Lease Amendment will be interpreted along with the Lease and, except as amended by this document,
all of the terms, and conditions of the Lease will remain in full force and effect and are re-confirmed by this
All terms used in this Lease Amendment have the meanings given to them in the Lease unless otherwise defined in
this Lease Amendment.
The Lease Term will be extended to and terminate on August 31, 2013.
Beginning on this 1
day of May, 2008, the Tenant will pay the base rent in the amount of $ 15,000.00, per
month payable in advance on the first day as described in Article 2.2 of the Lease.
The Tenant is responsible for paying real estate taxes, operating expenses, leasehold improvements to date
and thereafter, and other additional rent, if any, as described in Article 2 of the Lease.
In witness, the Landlord and Tenant duly executed this lease amendment and extension agreement, as of the day
and year written below.