ex10_3.htm


    
      

    

    
       

      October
        15, 2007

      


      


      Greg
        LeClaire

      Clear
        One
        Inc.

      1825
        Research Way

      S.L.C.
        UT    84119

      


      Re:  Lease
        Addendum –2007 - 2740 w. California Ave. suite
        4  S.L.C.  UT

      


      Greg,

      


      In
        following up on a couple of conversations with Kneel Robinson at NAI – Utah over
        the last couple  days, I wanted to clarify a number of items in
        writing in order to avoid any future misunderstandings.  Woodenshoe
        Development agrees to modify your lease at 2740 west California Ave. suite
        4
        with the following changes and clarifications:

      


      1)   Lease
        Space :  Suite 4 only that would consist of approximately 6,500 square
        feet  (52’ x 126’)

      


      2)   Lease
        Term :  45 months   April 1, 2008 through December 31,
        2011, this commencement date may be earlier if a potential tenant for Suite
        5
        requires an earlier occupancy.  The January timetable for some of the
        current stock to be relocated will be taken into consideration.

      


      3)   Lease
        Rate :  $3,200.00 / month

      


      4)   Security
        Deposit :  A security deposit of  $7,000.00 was received
        from Clear One on  Sept. 13th 2006
        and will be
        credited as follows:  $3,200.00 for first months rent  and
        the remaining balance of  $3,800.00 will remain as the new security
        deposit for Suite 4.

      


      5)   A
        restroom for suite 4 and a divider wall between suite 4 and suite 5 will
        be
        constructed on our schedule between January 15, 2008 and March 31, 2008 with
        a
        minimum of 2 weeks notice prior to commencing construction.  The
        January timetable for some of the current stock to be relocated will be taken
        into consideration.

      


      6)   The
        divider wall will be floor to ceiling, 2 x 6 construction, insulated,
        sheetrocked, painted and particle board on the bottom 8’ of both sides.  The restroom will
        be
        located as per the original building floor plan against the east wall in
        order
        to tie into the existing sewer and water lines.


      


      7)   All
        terms, conditions and guidelines outlined in our original lease agreement
        dated
        September 10th,
        2006 will remain in place.

      


      
        
           

        

        
           

          
            

          

        

        
           

        

      

      


      If
        you
        are in agreement with the information as outlined above, please sign in the
        space provided below and return to our office with an original
        signature.  If you have any additional questions, please give me a
        call at (801) 266- 8856.

       

       

      
        	
                Sincerely,

              	
                Accepted
                  and Approved by

              
	
                WOODENSHOE
                  DEVELOPMENT

              	
                CLEAR
                  ONE INC.

              
	 	 
	 	 
	
                Greg
                  Robinson

              	
                Greg
                  LeClaire

              
	
                Property
                  Management

              	
                V.P.
                  Finance