Exhibit 10.1
AMENDED LEASE SCHEDULE
LEASE SCHEDULE NO. 001R
(This Lease Schedule No. 001R replaces Lease Schedule No. 001)
This Lease Schedule is issued pursuant to the Lease Agreement Number UL022101
dated February 21, 2001. The terms of the Lease Agreement and serial numbers
contained on Certificates of Acceptance are a part hereof and are incorporated
by reference herein.
LESSOR LESSEE
Winthrop Resources Corporation Ultralife Batteries, Inc.
00000 Xxxxxxx Xxxxxxxxx 0000 Xxxxxxxxxx Xxxxxxx
Xxxxx 000 Xxxxxx, XX 00000
Xxxxxxxxxx, XX 00000
SUPPLIER OF EQUIPMENT LOCATION OF INSTALLATION
Various Same As Above
Term of Lease from Commencement Date: 60 Months (20 quarters) Quarterly Lease
Charge: $75,213.00, due quarterly as $225,639.00 Anticipated Delivery and
Installation: February 2001 - March 2002 Security Deposit: Upon Xxxxxx's
execution of this Lease Schedule, Lessee shall deliver a security deposit in the
amount of $225,639.00. If there is no event of default, this security deposit
will be applied toward the total Lease Charges associated with the last quarter
of this Lease Schedule.
EQUIPMENT
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MANUFACTURER QTY MACHINE/MODEL EQUIPMENT DESCRIPTION (including features
------------ --- ------------- -----------------------------------------
SEE ATTACHMENT A
Upon execution of this Lease Schedule, Xxxxxx shall deliver a non-refundable sum
of money equal to the Security Deposit, which shall become the Security Deposit
after Xxxxxx's receipt of a letter of credit satisfactory in all respects to
Winthrop Resources Corporation. If a letter of credit is not delivered by
Xxxxxx, Lessor shall be entitled to retain any and all monies paid it by Xxxxxx.
Lease Agreement Number UL022101 and this Lease Schedule 001R are subject to
Winthrop Resources Corporation receiving a letter of credit that is satisfactory
in all respects to Wintrhop Resources Corporation, including, but not limited
to, the terms and conditions contained therein and the bank drawn thereon.
Obtaining this letter of credit is a condition precedent to Winthrop Resources
Corporations's obligations under Lease Agreement UL022101 and Lease Schedule
Number 001R.
The Monthly Lease Charge will be prorated and charged as interim rent between
the date an item of equipment is accepted and the Commencement Date.
Agreed to and Accepted: Agreed to and Accepted:
WINTHROP RESOURCES CORPORATION ULTRALIFE BATTERIES, INC.
"LESSOR" "LESSEE"
By: s/o Xxxxxxx X. Xxxxxx By: s/o Xxxxx Xxxxxxxxx
Print Print
Name: Xxxxxxx X. Xxxxxx Name: Xxxxx Xxxxxxxxx
Title: Sr. Vice President Title: Corporate Controller
Date: September 26, 2001 Date: August 15, 2001
Lease Agreement Number: UL022101
Lease Schedule Number: 001R
ATTACHMENT A
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MANUFACTURER QTY MACHINE/MODEL EQUIPMENT DESCRIPTION (including features)
------------ --- ------------- ------------------------------------------
Innovative Machine Corp. Coating Line Equipment
Various Cathode Manufacturing Cell
Various Anode Manufacturing Cell
Various Other Related Equipment
LET 1 Laminator Bi-cell Asselmby Lamination Machine and Packaging
Machine
LET 1 Tab Welder LET Tab Welder
LET 1 Benchtop Benchtop Form Station Which Includes ATP, 303480, 103
X103 Products
LET 1 PCB Welding System
DDS 1 Accumulator System for Custom Automation Equipment
Intelligent 1 Automation Trim and Fold Machine
Automation
Intelligent 1 Automation Trim and Fold Machine Final Payment
Automation
Intelligent 1 Automation Trim and Fold Machine ECN
Automation
Intelligent 1 Automation Trim and Fold Machine 10% due with Ultralife
Automation Acceptance
Agreed to and Accepted: Agreed to and Accepted:
WINTHROP RESOURCES CORPORATION ULTRALIFE BATTERIES, INC.
"LESSOR" "LESSEE"
By: s/o Xxxxxxx X. Xxxxxx By: s/o Xxxxx Xxxxxxxxx
Print Print
Name: Xxxxxxx X. Xxxxxx Name: Xxxxx Xxxxxxxxx
Title: Sr. Vice President Title: Corporate Controller
Date: September 26, 2001 Date: August 15, 2001
