Unassociated Document

* The remainder of this cover page shall be filled out for a reporting person=s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information that would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 18145M 109

SCHEDULE 13D

Page 2 of 7 Pages

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Gregory E. Burns
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS) PF
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) o
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER 3,792,057
	8	SHARED VOTING POWER 0
	9	SOLE DISPOSITIVE POWER 3,792,057
	10	SHARED DISPOSITIVE POWER 0

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,792,057
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.4%
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN

This Amendment No. 2 to Schedule 13D (“Amendment No. 2”) is filed by Gregory E. Burns with respect to ownership of the common stock, par value $0.0001 per share (“Common Stock”), of Clark Holdings Inc., a Delaware corporation (the “Issuer”). This Amendment No. 2 amends the Schedule 13D filed on March 17, 2008 (“Original Statement”), as amended on September 17, 2008 (“Amendment No. 1,” and the Schedule 13D, as amended, the “Statement”). Except as amended hereby, the disclosure contained in the Statement remains unchanged.

Mr. Burns used his personal funds to purchase all the shares of Common Stock described in this Statement, as amended hereby. Between the filing of the Original Statement and Amendment No. 1, Mr. Burns paid $1,687,140 to acquire beneficial ownership of 2,451,840 shares of Common Stock. Since the filing of Amendment No. 1, Mr. Burns paid $274,703 to acquire beneficial ownership of 190,900 shares of Common Stock.

(i) Mr. Burns acquired the securities described in this Statement, as amended hereby, for investment purposes. Mr. Burns may from time to time acquire additional securities for investment purposes, or dispose of securities, in the open market or in private transactions. Mr. Burns holds 1,343,464 warrants (“Warrants”), each to purchase one share of Common Stock at an exercise price of $6.00 per share, and an employee stock option (“Option”) to purchase 10,000 shares of Common Stock at an exercise price of $4.06 per share. The Warrants, which are currently exercisable, expire on February 15, 2011 and the Option, which is currently exercisable with respect to 1,667 shares of Common Stock, expires on March 12, 2018. In addition, on September 11, 2008, Mr. Burns entered into a “written plan for trading securities” (“10b5-1 Plan”) within the meaning of Rule 10b5-1 promulgated under the Securities and Exchange Act of 1934, as amended (“Act”). Pursuant to the 10b5-1 Plan, Mr. Burns agreed to purchase an aggregate of up to 350,000 shares of the Issuer’s Common Stock at prices less than or equal to $2.50 per share. At the date of this Amendment No. 2, Mr. Burns has purchased 200,000 shares of Common Stock under the 10b5-1 Plan, for an aggregate purchase price of $274,703, or approximately $1.3735 per share.

(ii) At the date of this Amendment No. 2, Mr. Burns, except as set forth in this Statement, as amended hereby, and consistent with Mr. Burns’ position as a member of the board of directors and as president and chief executive officer of the Issuer, has no plans or proposals which would result in:

Mr. Burns is the beneficial owner of 3,792,057 shares of Common Stock of the Issuer, representing 28.4% of the Issuer’s outstanding Common Stock. This amount represents (i) 1,887,226 shares of the Issuer’s Common Stock held by Mr. Burns, (ii) 559,700 shares of the Issuer’s Common Stock included in 559,700 units held by Mr. Burns, each unit consisting of one share of Common Stock and one Warrant (“Unit”), (iii) 559,700 shares of the Issuer’s Common Stock issuable upon the exercise of the Warrants, which are currently exercisable, included in the 559,700 Units held by Mr. Burns, (iv) 783,764 shares of the Issuer’s Common Stock issuable upon the exercise of Warrants, which are currently exercisable, held by Mr. Burns, and (v) 1,667 shares of the Issuer’s Common Stock issuable upon the exercise of the Option, which is currently exercisable as to such number of shares, held by Mr. Burns. Mr. Burns has sole voting and dispositive power over all 3,792,057 shares. This amount does not include 8,333 shares of Common Stock issuable upon the exercise of the Option, which is not currently exercisable as to such number of shares and will not become exercisable as to such number of shares within 60 days.

(i) On September 2, 2008, Mr. Burns purchased (i) 820,840 shares of Common Stock on the open market in multiple transactions at prices ranging from $0.97 to $1.30 per share, for an average price of $1.089 per share, and (ii) 464,700 Units on the open market in multiple transactions at prices ranging from $0.95 to $1.35 per Unit, for an an average price of $1.047 per Unit.

(ii) On September 4, 2008, Mr. Burns purchased (i) 105,100 shares of Common Stock on the open market in multiple transactions at prices ranging from $1.24 to $1.57 per share, for an average price of $1.387 per share, (ii) 95,000 Units on the open market in multiple transactions at prices ranging from $1.25 to $1.45 per Unit, for an an average price of $1.375 per Unit, and (iii) 397,400 Warrants on the open market in multiple transactions at prices ranging from $0.03 to $0.07 per Warrant, for an average price of $0.047 per Warrant.