================================================================================
Exhibit 10.3
THIRD AMENDMENT TO LEASE AGREEMENT
----------------------------------
IT IS HEREBY
AGREED BY THE UNDERSIGNED, that the Lease Agreement made
and entered into the 23RD day of SEPTEMBER, 2005, by and between
FULLERTON
BUSINESS CENTER, Lessor, and ALLIED MED. INC., AN OREGON
CORPORATION, Lessee,
for the premises commonly known as: 2500 E. FENDER AVENUE, UNITS "I
& J"
FULLERTON, CA 92831, shall be extended for a period of TWO (2)
YEARS AND TWO (2)
MONTHS, commencing OCTOBER 1, 2008, and ending on NOVEMBER 30,
2010.
All other terms
and conditions of said Lease Agreement are incorporated
herein by reference and shall remain in full force and effect
during this
extended term, except as follows:
1. Lessee agrees
to pay to Lessor during this extended term, in
advance, at such places as may be designated from time-to-time by
Lessor,
without deduction or offset, and Lessor agrees to accept as rent
for the Leased
premises monthly installments of TWO THOUSAND THREE HUNDRED
FIFTY-EIGHT AND
00/100 ($2,358.00) Dollars, together with such other assessments,
additions and
pass-throughs as are described in the Lease Agreement. See
paragraph 4.2 of your
Lease Agreement.
2. Lessor and
Lessee agree that the rent increase commencing OCTOBER 1,
2009, shall be determined pursuant to the terms set forth in the
Addendum to the
THIRD Amendment to Lease Agreement which is attached hereto and
made a part
hereof.
3. Lessee shall
pay to Lessor the sum of N/A ($00.00) Dollars,
concurrent with the execution of this Amendment representing an
increase in
Security Deposit. Lessor acknowledges the sum of *SEVEN THOUSAND
SEVENTY-FOUR
AND 00/100 ($7,074.00) Dollars, as security for the faithful
performance of each
and every term, covenant and condition of said Lease Agreement
pursuant to
Paragraph FIVE (5) of said Lease Agreement. This security includes
the previous
amounts received as security deposit. **Previously paid
$7,758.00
3A. [Section 3A
was lined through and deleted by the parties. It read
as follows:] Lessee agrees to be bound by the "Rules and
Regulations" and
"Parking Rules and Regulations" now in effect as Exhibits "A and B"
attached
hereto, and any additional Rules and Regulations and Parking Rules
and
Regulations which may be promulgated b
