Item 1.01. Entry into a Material Definitive Agreement.
(a) Image Sensing Systems, Inc. ("ISNS"), which is a wholly-owned subsidiary of
Autoscope Technologies Corporation and Spruce Tree Centre L.L.P. ("Spruce Tree")
entered into Amendment XV to Office Lease Agreement (the "Amendment") dated as
of July 28, 2021, which amended the original Office Lease Agreement dated as of
November 24, 1998 by and between ISNS and Spruce Tree (the "Original Lease"), as
such Original Lease was subsequently amended (as so amended, the "Lease"). The
Amendment was signed by Spruce Tree on July 28, 2021. The Lease term was to
expire on July 31, 2021. The Amendment, which is effective as of August 1,
2021, extends the term of the Lease through March 31, 2022. In addition, the
Amendment increases the monthly rent from $16,660 to $16,960 for the period from
August 1, 2021 through March 31, 2022.
The foregoing description of the Amendment does not purport to be complete and
is qualified in its entirety by reference to the full text of the Amendment
filed with this Current Report on Form 8-K as Exhibit 10.1 and incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being filed with and incorporated into
this Current Report on Form 8-K:
10.1 Amendment XV to Office Lease Agreement by and between Spruce Tree Centre
L.L.P. and Image Sensing Systems, Inc., dated as of July 28, 2021.
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