Exhibit 10.20.2 (HLM Letterhead) January 9, 1998 Mr. Thomas J. Berthel, President Berthel Fisher Company Leasing, Inc. 100 Second Street S.E. Cedar Rapids, IA 52401-4250 Dear Tom: HLM Design, Inc. (HLM) and Berthel Fisher Company Leasing, Inc., the...

                                                                 Exhibit 10.20.2

                                (HLM Letterhead)

January 9, 1998

Xx. Xxxxxx X. Xxxxxxx, President
Xxxxxxx Xxxxxx Company Leasing, Inc.
000 Xxxxxx Xxxxxx X.X.
Cedar Rapids, IA 52401-4250

Dear Xxx:

HLM Design, Inc. (HLM) and Xxxxxxx Xxxxxx Company Leasing, Inc., the General
Partner, (Berthel) have agreed to amend Lease #076-21770-000 in
Telecommunications Income Fund in the amount of $2.8 Million.

For a $50,000 one-time payment for the Residual Value (to be paid within 30 days
of the signing of this agreement), Berthel agrees to the following addendum to
lease agreement #076-21770-000).

The purchase option at the end of the lease will be changed from Fair Market
Value not to exceed 10% to a bargain purchase of one dollar (1) at the end of
the lease term.

If you have any question, please call me.

Sincerely,

/s/ Xxxxxx X. Xxxxxxx

Xxxxxx X. Xxxxxxx
Senior Vice President

VBB:ji


Agreed and accepted:

Xxxxxxx Xxxxxx Company Leasing, Inc.

By: /s/Xxxxxx X. Xxxxxxx
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