Verbal Lease Agreement Description (West Palm Beach, Florida)

EXHIBIT 10.5

Verbal Lease Agreement Description

(West Palm Beach, Florida)

On July 1, 2005, IQ Micro, Inc. ("Lessee") and X.X. Xxxxxx & Associates, Inc.("Lessor") verbally agreed to a month-to-month lease for the Lessee's use of a 250 square foot single executive office in a shared office suite located at 000 Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxxx Xxxx Xxxxx, Xxxxxxx, 00000. The rental rate is $2,500 per month.