Third Amendment to Lease



 Exhibit 10.14 
  
 THIRD AMENDMENT TO LEASE 
  
 The Third Amendment to Lease is made this 16th day of March, 2004 by and between PMP Whitemarsh Associates, a Pennsylvania
Limited Partnership, (hereinafter referred to as “Landlord”) and Lithium Technology Corporation, (hereinafter referred to as Tenant”). 
  
 WHEREAS, Landlord and Hope Technologies, Inc. did enter into a Lease Agreement and Addendum hereinafter referred to as the “Lease” dated July
22, 1994 for the use and occupancy of Certain Premises known as 5115 Campus Drive, Plymouth Meeting, Pennsylvania, (hereinafter referred to as the Premises); and 
  
 WHEREAS, Lithium Technology Corporation did become the successor to Hope Technologies, Inc.; and 
  
 WHEREAS, Lithium Technology Corporation has agreed to the terms of the Lease
and addendum referenced above; and 
  
 WHEREAS, Landlord and
Tenant have by letter agreement, dated May 4, 1999, September 14, 1999, February 3, 2000 and December 22, 2000 extended the term of the Lease Agreement; and 
  
 WHEREAS, Landlord and Tenant did enter into a First Amendment to Lease dated March 19, 2001; and 
  
 WHEREAS, Landlord and Tenant did enter into a Second Amendment to Lease date
March 21, 2003; and 
  
 WHEREAS, that Second Amendment to the
Lease will terminate on March 31, 2004; and 







 WHEREAS, Tenant has advised Landlord that it wishes to review the lease for only a one (1) year period;
and 
  
 WHEREAS, the Landlord is willing to grant such renewal;
and 
  
 WHEREAS, Landlord and Tenant do hereby intend to amend and
modify the Lease Agreement and Addendum; 
  
 NOW THEREFORE in
consideration of the mutual covenants, conditions, understanding agreements, representations and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties hereto with the intent of being legally
bound hereby agree as follows. 
  
 1. TERM 
  
 The term of the lease shall be extended for a period of one (1) years
commencing on April 2, 2004 and ending on March 31, 2005. The minimum annual rent, which will increase during this renewal shall be as follows in paragraph 2. 
  

2. RENT 
  
 The minimum amount rent for the premises shall be: 
  

									
	 	    	 	  	Base Month

	    	Base Annual


	 a. 1st Year
	    	 $11.95 per square foot
	  	$	12,189.00	    	$	146,268.00

  
 3. OPTION 

 
 The Landlord and the Tenant agree that there shall be no option to extend
the term of the lease as set forth in paragraph 1 above, unless it is extended in writing by mutual agreement of the parties. 







 4. RENT PAYMENT AND NOTICES 
  
 Wherever in the Lease Agreement, addendum, or any amendments thereto, reference is made to Tenant, such reference shall be
to the present Tenant, Lithium Technology Corporation. Further, whenever in the Lease Agreement on any amendments thereto, it shall be required or permitted that notice or demand is given or served by either party to this Lease to or on the other
party, such notice on demand shall be deemed to have been duly given or served or forwarded by Registered Mail, postage prepared or by a nationally recognized overnight courier system and addressed as follows: 
  

			
	to Landlord:	 	with a copy to:
		
	PMP WHITEMARSH ASSOCIATES	 	PATRICK G. MURPHY, ESQUIRE
	P.O. BOX 797	 	KELLEY & MURPHY
	GWYNEDD VALLEY, PA 19437-0797	 	SUITE 160, 925 HARVEST DRIVE
	ATTN: CHARLES F. MURPHY	 	BLUE BELL, PA 19422

  
 To
Tenant: 
  
 LITHIUM TECHNOLOGY CORPORATION

 5115 CAMPUS DRIVE 
 PLYMOUTH MEETING, PA 
 ATTN: DAVID CADE 
  
 5. EXECUTION OF DOCUMENT 
  
 Tenant agrees that should it be acquired or merged into another business
that it will cause to be executed, any documents which Landlord reasonably requires to confirm the Leased Agreement and any Amendment thereto. 







 6. RATIFICATION OF LEASE AGREEMENT 
  
 Except as expressly amended herein, all terms and conditions in the Lease Agreement, as amended, shall remain in full force
and effect including, without limitation Lessee obligations to make the required payments of additional rent as set out in the Lease and Addendum between parties without change or modification and all such terms are hereby ratified and confirmed.

  

											
	“LANDLORD”	 	“TENANT”
		
	PMP WHITEMARSH ASSOCIATES	 	LITHIUM TECHNOLOGY CORPORATION
				
	By:	 	 /s/ Charles Murphy

	 	By:	 	 /s/ Franz J. Kruger


	 	 	Charles F. Murphy	 	 	 	Chief Executive Officer, Title
				
	WITNESSETH:	 	 /s/ Daniel Swankoski

	 	ATTEST:	 	 /s/ Daniel Swankoski