Exhibit 10.15C
LEASE EXTENSION AGREEMENT
AGREEMENT made this 4TH DAY of January, 1999 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 March 27, 1998, with a
termination date of August 15, 1999, 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, 2000. During the extension period the rent shall be $5,590.00 per
month, payable monthly 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, 2000. The 2% increase factor in the option
purchase price shall be computed over the entire period (including the extension
term) as applicable.
In all other respects the lease terms are ratified and confirmed.
Executed at Saco, Maine, on the above date.
Witnessed by: APOLLO DEVLEOPMENT CORP.
/s/ XXXXXX XXXXXXX by: /s/ XXXXXXXX X. XXXXXX
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Its Treasurer Landlord
INTELLIGENT CONTROLS, INC.
/s/XXXXXX XXXXXXX by: /s/ XXXXX X. XXXXXX
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Its President Tenant
