EXHIBIT 10.5
LEASE EXTENSION
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XX Xxxxx LLC (and assignee Fatum LLC) and Profile Technologies Inc. are
parties to that certain Standard Industrial Lease dated January 26, 2001 (the
"Lease"). The Lease terminates on January 31, 2003, and the parties desire to
extend the terms of said Lease for additional one year period. Accordingly,
Article 3.1 of the Lease shall be amended to reflect a term expiration date of
January 31, 2004, and shall automatically renew thereafter for one-year terms.
All other Lease terms and conditions shall continue to apply. The above
notwithstanding, beginning on October 31, 2003, either party may terminate the
Lease, or any renewals thereof, upon 90 days written notice to the other party.
Date: February 26, 2003 Date: February 24, 2003
Profile Technologies Inc. XX Xxxxx LLC, on behalf of Fatum LLC
By: /s/ Xxxxxx X. Xxxxx /s/ Xxxx Xxxxxxxxxxx
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Its: Executive Vice President Xxxx Xxxxxxxxxxx, Vice President
