Exhibit 10.13A
LEASE EXTENSION AGREEMENT
AGREEMENT made this 9th day of March, 2000 between APOLLO DEVELOPMENT
CORP. ("Landlord") and INTELLIGENT CONTROLS, INC. ("TENANT").
WHEREAS the parties have a lease between them currently in force,
covering property in the Saco, Maine Industrial Park, which lease is dated
April 11, 1991, with a lease extension agreement dated January 4, 1999,
with a termination date of October 31, 2000, and
WHEREAS the parties desire to extend the term of said lease, as set
forth herein,
NOW THEREFORE in consideration of the mutual promises herein made,
the parties agree that the termination date of said lease shall be extended
to October 31, 2003. During the extension period the rent shall be as
follows:
November 1, 2000 to October 31, 2001, $5,757.70 per month payable in
advance.
November 1, 2001 to October 31, 2002, $5,930.43 per month payable in
advance.
November 1, 2002 to October 31, 2003, $6,108.34 per month payable in
advance.
The period for exercise of the option to purchase the leased property
(set forth in paragraph 20 of said original lease) is also extended to the
new lease termination date of October 31, 2003. The 2% increase factor in
the option purchase price shall be computed over the entire period
(including the extensions terms) as applicable.
In all other respects the lease terms are ratified and confirmed.
Executed at Saco, Maine, on the above date.
Witnessed by: APOLLO DEVELOPMENT CORP.
/s Xxxx Xxxxxxx BY /s Xxxxxxxx X Xxxxxx
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It Treasurer Landlord
INTELLIGENT CONTROLS, INC.
/s Xxxxxx Xxxxxxxx BY /s Xxxxx X. Xxxxxx
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Its President Tenant
