Description of Oral Office Space Arrangement Between Clearwater Ventures, Inc. and Tuston Brown

Summary

Clearwater Ventures, Inc. and its sole officer, Tuston Brown, have an informal agreement allowing the company to use office space in Mr. Brown's home at no cost. This arrangement is not legally binding, and Mr. Brown is not obligated to continue providing the space. The company expects to use this office space until it can start commercial production of its Pool Guardian product.

EX-10.3 2 ex10_3.htm EX10_3

Clearwater Ventures, Inc.

Description of oral arrangement with Tuston Brown re: office space

Tuston Brown, the sole officer and director of Clearwater Ventures, Inc. (the “Company”), has agreed to provide the Company with office space in his personal residence without charge. There is no legally binding obligation for Mr. Brown to continue this arrangement. The Company and Mr. Brown anticipate that the Company will use Mr. Brown’s residence for office space until such time as the Company is able to begin commercial production of its “Pool Guardian” product.