**Exhibit10.4.3**

**THIRDAMENDMENT TO LEASE AGREEMENT**

THIS THIRDAMENDMENT TO LEASE AGREEMENT (“Third Amendment”) is made and entered into this11th day of July, 2006, by and between Thomas J.Hilb, individually, and Thomas J. Hilb, as Trustee of the Connie Hilb Trust(hereinafter referred to as “Landlord”) and Sport-Haley, Inc., a Coloradocorporation (hereinafter referred to as “Tenant”).

**RECITALS**

A.            On July 29, 1994,Landlord and Tenant entered into a Lease Agreement (the “Lease”) relating tothe lease of 66,640 square feet of the property located at 4600 East 48th Avenue, Denver, Colorado80216 (the “Premises”).  The Lease wasamended by an Amendment to Lease Agreement dated January 12, 1996, under whichTenant exercised its option to lease an additional 15,860 square feet (the“Additional Space”) within the building (the “First Amendment”).  The Lease was further amended by a SecondAmendment to Lease Agreement dated September 28, 2001 in which Tenant extendedthe term of the Lease to 12:00 a.m. October 31, 2006 and relinquished theAdditional Space to the Landlord (the “Second Amendment”).

B.            The parties desire toamend the Lease to provide for an additional five (5) year term and to rent thePremises and the Additional Space (a total of 82,500 square feet) (the “TotalPremises”) under the terms and provisions of the original Lease and this ThirdAmendment.

C.            The parties desire toreduce their understanding to a written amendment to the Lease.

D.            Any capitalized termsnot otherwise defined in this Third Amendment shall have the meanings providedin the Lease.

NOW, THEREFORE,for good and valuable consideration, the receipt and sufficiency of which ishereby acknowledged, together with the mutual promises contained herein, theparties hereto do hereby agree as follows:

1.             The definition ofPremises set forth in paragraph 1 of the Lease shall be the description of theTotal Premises (82,500 square feet).

2.             The term of the Leaseis hereby extended to twelve o’clock a.m. October 31, 2011 (the “ExtendedTerm”) unless terminated sooner as herein provided.

3.             Paragraph 3 of theLease is hereby deleted and replaced with the following:

a.             From the date of thisThird Amendment through October 31, 2006, Tenant shall pay to Landlord equalmonthly installments of $22,740.84 in advance, without notice, without anyset-off or deduction whatsoever, commencing on the first day of the monthfollowing the date of this Third Amendment and continuing on the first day ofeach month thereafter through and including October 1, 2006.

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b.             From November 1, 2006through October 31, 2007, Tenant shall pay to Landlord the sum of $272,250.00($3.30 per square foot per annum) payable in equal monthly installments of$22,687.50 in advance, without notice, without any set-off or deduction whatsoever,commencing on November 1, 2006 and continuing on the first day of each monththereafter through and including October 1, 2007.

c.             From November 1, 2007through October 31, 2008, Tenant shall pay to Landlord the sum of $280,500.00($3.40 per square foot per annum) payable in monthly installments of $23,375.00in advance, without notice, without any set-off or deduction whatsoever,commencing November 1, 2007, and on the first day of each month thereafterthrough and including October 1, 2008.

d.             From November 1, 2008through October 31, 2011, Tenant shall pay to Landlord the sum of $288,750.00($3.50 per square foot per annum) payable in monthly installments of $24,062.50in advance, without notice, without any set-off or deduction whatsoever,commencing November 1, 2008, and on the first day of each month thereafterthrough and including October 1, 2011.

e.             Said Rental Paymentsshall be made at the office of the Landlord located at 1529 Market Street,Denver, Colorado 80202 or at such other place as Landlord may designate inwriting from time to time. Said payments shall be in lawful money of the UnitedStates.

4.             Tenant’sProportionate Share shall be one hundred percent (100%), as set forth in theLease Section 6(a)(i).

5.             The Tenant acceptsthe Premises in an “AS IS” condition. Tenant acknowledges and agrees that itshall not receive any Tenant finish allowance and that Landlord shall not makeany improvements to the Total Premises.

6.             Section 17 of theLease is amended to provide notice to the Landlord as follows:
| Landlord        | Thomas J. Hilb                       |
|-----------------|--------------------------------------|
|            | 1529 Market Street                   |
|            | Denver, Colorado 80202               |
|            |                                 |
| With a copy to: | Moye White LLP                       |
|            | 1400 Sixteenth Street 6th floor |
|            | Denver, Colorado 80202               |
|            | Attn: Jamie Orcutt and John E. Moye  |

 

7.             Except as otherwiseprovided in this Third Amendment, the Lease is extended for the Extended Termon the same terms and conditions of the Lease, it being specifically intendedthat any amendments or modifications of the Lease made by the First Amendmentand Second Amendment are null and void and of no further force or effect.

8.             To the extent thatany provisions contained in this Third Amendment are inconsistent with any ofthe terms and provisions of the Lease, the terms and provisions of this ThirdAmendment shall control.

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9.             This Third Amendmentshall be construed in accordance with the laws of the State of Colorado.

10.           This Agreement shall bebinding on the heirs, successors and assigns of the parties hereto.

11.           Except as modified oramended by this Third Amendment, in all other respects the Lease shall remainthe same.

Executed as of the dayand year first above written.
|   | TENANT:                                   |
|--------|-------------------------------------------|
|   |                                      |
|   | Sport-Haley, Inc., a Colorado corporation |
|   |                                      |
|   |                                      |
|   | By:                                       | /s/ Donald W. Jewell |   |
|   |                                      | Donald W. Jewell, CEO |
|   |                                      |
|   | LANDLORD:                                 |
|   |                                      |
|   |                                      |
|   | /s/ Thomas J. Hilb                        |   |
|   | Thomas J. Hilb, Individually              |
|   |                                      |
|   |                                      |
|   | CONNIE HILB TRUST                         |
|   |                                      |
|   |                                      |
|   | By:                                       | /s/ Thomas J. Hilb |   |
|   |                                      | Thomas J. Hilb, Trustee |

 

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