Item 1.01. Entry into a Material Definitive Agreement.

(a) Image Sensing Systems, Inc. (the "Company") and Spruce Tree Centre L.L.P. ("Spruce Tree") entered into Amendment XIV to Office Lease Agreement (the "Amendment")dated as of June 17, 2020, which amended the original Office Lease Agreement dated as of November 24, 1998 by and between the Company 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 June 19, 2020. The Lease term expires on July 31, 2020, and the Amendment, which is effective as of August 1, 2020, extends the term of the Lease through July 31, 2021. In addition, the Amendment reduces the space leased by the Company to approximately 15,962 square feet from approximately 26,775 square feet and reduces the annual rent to $199,925 from $240,975 for the period from August 1, 2019 through July 31, 2020.

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 XIV, to Office Lease Agreement by and between Spruce Tree Centre L.L.P. and Image Sensing Systems, Inc., dated as of June 17, 2020.





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