Exhibit 10.1A AMENDMENT NO. 1 TO INVESTMENT AGREEMENT This Amendment No. 1 (the "Amendment") to that certain Investment Agreement (the "Agreement") entered into as of the 26th day of March, 1998, by and among Intelligent Controls, Inc., a Maine corporation (the "Company"), Ampersand Specialty Materials and Chemicals III Limited Partnership, a Delaware limited partnership ("ASMC-III Fund"), Ampersand Specialty Materials and Chemicals III Companion Fund Limited Partnership, a Delaware limited partnership ("ASMC-III Companion Fund"), and for purposes of Article IX thereof only, Roger E. Brooks, an individual ("Brooks"), is entered into as of this __ day of May 1998, by and among the Company, ASMC- III Fund and ASMC-III Companion Fund. Capitalized terms used but not defined herein shall have the meanings attributed to them in the Agreement. INTRODUCTION A. The Investors proposed in the Agreement to purchase from the Company in accordance with the terms and conditions thereof an aggregate of 1,538,462 newly issued shares (the "Shares") of the Company's Common Stock, at a price per share of $3.25. B. The Investors now propose to purchase an additional 100,000 Shares, at a price per share of $3.25, on the same terms and conditions set forth in the Agreement. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged the parties agree to amend the Agreement as follows: 1. AMENDMENT TO INTRODUCTION. Paragraph A of the Introduction to the Agreement is revised by deleting the number "1,538,462" and replacing it with "1,638,462". 2. AMENDMENT TO SCHEDULE 1. Schedule 1 to the Agreement is hereby replaced by the Schedule 1 attached hereto. 3. SURVIVAL. Except as specifically set forth herein, the Agreement shall remain in full force and effect and each of the parties confirms all of its obligations thereunder. This Amendment shall be deemed part of, and be construed in accordance with, the Agreement. 4. MISCELLANEOUS. This Amendment may be executed in multiple counterparts, each of which shall be deemed an original but all of which taken together shall constitute one and the same agreement. IN WITNESS WHEREOF, the parties hereto have executed this Amendment under seal as of the date first above written. INTELLIGENT CONTROLS, INC. By: /s/ Alan Lukas Title: President & CEO AMPERSAND SPECIALTY MATERIALS AND CHEMICALS III LIMITED PARTNERSHIP By: ASMC-III Management Company Limited Partnership By: ASMC-III MCLP LLP, its general partner By /s/ Charles D. Yie Charles D. Yie, General Partner AMPERSAND SPECIALTY MATERIALS AND CHEMICALS III COMPANION FUND LIMITED PARTNERSHIP By: ASMC-III Management Company Limited Partnership By: ASMC-III MCLP LLP, its general partner By /s/ Charles D. Yie Charles D. Yie, General Partner SCHEDULE 1 NAME OF INVESTOR NUMBER OF SHARES PURCHASE PRICE Ampersand Specialty Materials and 1,612,247 $5,239,802.75 Chemicals III Limited Partnership Ampersand Specialty Materials and 26,215 $ 85,198.75 Chemicals III Companion Limited Partnership Total 1,638,462 $5,325,001.50