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                                                                    Exhibit 10.2

                               THIRD AMENDMENT TO
                                 LEASE AGREEMENT

Effective Date:  October 6, 2004

         Mountain Valley Community Church (assignee of I.S. Capital, LLC)
(LESSOR) and Mobility Electronics, Inc. (LESSEE), entered into that certain
Standard Multi-Tenant Office Lease dated July 17, 2002, as amended (the
"LEASE"), pertaining to the lease of certain premises (the "PREMISES") located
at 17800 North Perimeter Drive, Scottsdale, Arizona 85255. The parties wish to
amend the Lease pursuant to this amendment (the "AMENDMENT").

         Section 32 (Lessor's Access; Showing Premises; Repairs) of the Lease
shall be amended as follows:

         The last sentence shall be deleted and replaced with the following
language:

         "Lessor shall notify Lessee at least forty-eight (48) hours prior to
         entering the Premises unless emergency access is required, in which
         case Lessor shall use its best efforts to provide as much advance
         notice to Lessee as is practicable under the circumstances, or as soon
         as possible thereafter. Access to the Premises shall only be granted to
         authorized representatives of Lessor and any independent contractors or
         others entering the Premises at the request of Lessor to make
         alterations, repairs, improvements or additions to the Premises. Any
         such contractors or other individuals entering the Premises must be
         fully licensed and bonded and must be accompanied at all times by an
         authorized representative of Lessor. If access is required after normal
         business hours, Lessor shall deactivate Lessee's security system upon
         entering the Premises, in accordance with Lessee's instructions, and
         Lessor shall reactivate Lessee's security system upon departure from
         the Premises. Lessor understands and acknowledges that Lessee has
         computers, laboratories, equipment and other valuable personal
         property, as well as proprietary business materials located on the
         Premises which Lessor shall not disturb during any period of access to
         the Premises. Lessor hereby assumes any and all risks of, and agrees to
         repair, replace or reimburse Lessee for, damage to or loss of any
         property located on the Premises and any injury, death, damage or loss
         to any third party or Lessor representatives occurring on the Premises
         during the time Lessor or its representatives are accessing the
         Premises, unless such injury, death, damage or loss is due to the
         negligence or willful misconduct of Lessee. Lessor agrees to indemnify,
         defend and hold Lessee, its affiliates and any of their respective
         officers, directors and employees harmless for, from and against any
         and all claims, demands, actions, causes of actions, lawsuits, damages,
         losses, injuries (including death) or other liabilities (including
         reasonable attorneys' fees) resulting from the entry of Lessor or any
         independent contractors or others entering
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         the Premises at the request of Lessor pursuant to this Section 32,
         unless such injury, death, damage or loss is due to the negligence or
         willful misconduct of Lessee."

         In the event of any conflict between the Lease and this Amendment, this
Amendment will control. The Lease shall remain in full force and effect except
to the extent previously amended and as amended hereby.

MOBILITY ELECTRONICS, INC.                  MOUNTAIN VALLEY COMMUNITY CHURCH
LESSEE                                      LESSOR

By:      /s/ Joan W. Brubacher              By:      /s/ Marilee M. Kay
   ---------------------------------            -------------------------------
Name:    Joan W. Brubacher                  Name:    Marilee M. Kay
     -------------------------------             ------------------------------
Title:   EVP and CFO                        Title:   Office Manager
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Date:    October 6, 2004                    Date:    October 6, 2004
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