EXHIBIT 10.30
FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT ( "First Amendment" ) dated October 15,
1996 is between University Associates, Ltd. ( "Landlord" ) and Anda Generics,
Inc.
RECITALS
A. Landlord and Tenant entered into that certain Lease ( "Lease" ), on
April 24, 1996 for that certain space known as Store #21 in that
shopping center known as University Park Plaza.
B. Landlord and Tenant now desire to amend the Lease Agreement as provided
in this First Amendment.
AGREEMENT
NOW THEREFORE, in consideration of the sum of Ten Dollars ($10.00) by each party
in hand paid to the other, the receipt and sufficiency whereof is hereby
expressly acknowledged by each party to the other, the terms and conditions
hereof, and other good and valuable consideration, it is agreed as follows:
1. Demised premises as defined in Paragraph 2.1 of the lease and on the
Face Page of the lease shall be amended to add on additional 12,278
square feet to lessee's demised premises consisting of spaces #16 and
17 to the North, #26 and #27 to the South as shown on Exhibit A to
this Amendment. The approximate store size as defined on the Face Page
of the lease shall increase from 6,182 square feet to 18,460 square
feet. Landlord hereby approves Tenant's proposed improvements, that
shall be completed by Tenant, at its sole cost and expense,
substantially in accordance with those certian plans and specifications
prepared by Xxx Xxxxx, Xx. AIA, dated 9/25/96, a copy of which has been
provided by Tenant to Landlord. Prior to Tenants improvement of the
balance of the expansion space, Tenant shall submit to Landlord, for its
approval, plans and specifications showing improvements needed for
Tenants occupancy.
2. The minimum annual rent as defined in Paragraph 6.2 of the lease shall
be amended as:
Base Rent $ 166,140.00 annually
$ 13,845.00 monthly
3. Pursuant to Paragraphs #7 and #9 of the lease, lessee's estimated
prorota contribution toward common area maintenance and real estate
taxes shall be amended to be:
CAM 26,767.00 annually
2,230.58 monthly
RET 27,136.20 annually
2,261.35 monthly
4. The initial term of the original premises shall be amended and
coterminous with the expansion spaces for a period of one year. This new
term for all spaces and the rent for the expansion spaces shall commence
on November 15, 1996 and end on November 14, 1997. Notwhithstanding
anything contained herein to the contrary, the two(2) six(6) month
options previously granted to Tenant pursuant to the terms of the Lease,
shall remain in full force and effect, and shall now apply to the entire
demised premises of 18,460 square feet.
5. Tenant acknowledges and reaffirms that the rent is due and payable on
the first day of each calendar month.
6. All other terms and conditions of the Lease Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, the parties have executed this Lease on the
respective dates indicated below.
WITNESSES: LANDLORD:
________________________ BY: /s/ XXXXXXX X. XXXXXXX
General Partner
University Associates, Ltd.
________________________ Dated: Octobet 22, 1996
WITNESSES: TENANT: Anda Generics, Inc.
/s/ XXXXXXX XXXXXXX BY:/s/ XXXXX XXXXX, V.P.
