Exhibit 10.3

 

ADDENDUM TO EMPLOYMENT AGREEMENT

FRANK LAZO AND PEAK INTERNATIONAL LIMITED

 

Whereas, the parties entered into an employment agreement dated July 1, 2004 and
having a term from July 1, 2004 thru June 30, 2005 (hereinafter the
“Agreement”); and

 

Whereas, the parties desire to amend paragraph 1.1 of the Agreement so that it
remains in effect until terminated in accordance with its terms;

 

Now, therefore, the parties agree as follows:

 

Paragraph 1.1 of the Agreement is deleted and the following substituted in lieu
thereof: “The term (“Term”) of this Agreement shall remain in effect until
terminated as hereinafter provided.”

 

The parties also agree that the Agreement shall remain in effect from July 1,
2004, notwithstanding anything to the contrary in paragraph 1.1 prior to the
execution of this addendum.

 

In witness whereof, the parties have executed this addendum on the seventh day
of July, 2005.

 

PEAK INTERNATIONAL LIMITED

 

FRANK LAZO

/s/ Cal Reed

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/s/ Frank Lazo

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By:

 

Cal Reed, Chairman and CEO