Diamond One SB-2/A, Lease

EXHIBIT 10
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SHOPPING CENTER LEASE
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This Lease Agreement (this "Lease") is dated August 1, 2003, by and between Jeff Chatfield and Mark Bogani ("Landlord"), and Diamond One, Inc. ("Tenant"). The parties agree as follows:


PREMISES. Landlord, in consideration of the lease payments provided in this - -------- Lease, leases to Tenant 842 square feet of retail space (the "Premises") located at 9648 East Arapahoe Road, Greenwood Village, CO 80112.


TERM. The lease term will begin on August 1, 2003 and will terminate on July 31, - ---- 2006.


LEASE PAYMENTS. Tenant shall pay to Landlord monthly installments of $1611.79, - -------------- payable in advance on the first day of each month. Lease payments shall be made to: Arapahoe Station Venture I, 9600 East Arapahoe Road, Greenwood Village, CO 80112, which payee and address may be changed from time to time by the Landlord.


POSSESSION. Tenant shall be entitled to possession on the first day of the term - ---------- of this Lease, and shall yield possession to Landlord on the last day of the term of this Lease, unless otherwise agreed by both parties in writing. At the expiration of the term, Tenant shall remove its goods and effects and peaceably yield up the Premises to Landlord in as good a condition as when delivered to Tenant, ordinary wear and tear excepted.


INSURANCE. Tenant shall maintain Commercial Liability Insurance for personal - --------- injury damage with coverage limits of not less than Two Million Dollars ($2,000,000) combined single limit per occurrence and, in the aggregate insuring against any and all liability of the insured with respect to said Leased Premises or arising out of the maintenance, use or occupancy thereof. Deductible shall not be greater than $1000. During any construction performed by Tenant, Tenant shall obtain a "course of construction" endorsement to such insurance.


RENEWAL TERMS. This Lease shall automatically renew for an additional period of - ------------- 12 Months per renewal term, unless either party gives written notice of termination no l ...