Exhibit 10.30
SECOND AMENDMENT TO
-------------------
EQUIPMENT LEASE AGREEMENT
-------------------------
THIS SECOND AMENDMENT TO EQUIPMENT LEASE AGREEMENT ("Second Amendment") is
made this 28th day of January, 2000, by and between SELECT CAPITAL CORPORATION,
a Pennsylvania corporation ("Lessor"), and SELECT MEDICAL CORPORATION, a
Delaware corporation ("Lessee").
BACKGROUND
A. Lessor and Lessee are parties to that certain Equipment Lease
Agreement dated as of April 1, 1997 (the "Lease"). All capitalized
terms not otherwise defined herein shall have the meanings ascribed to
them in the Lease.
X. Xxxxxx and Lessee now desire to amend the Lease as hereinafter set
forth.
NOW THEREFORE, in consideration of the mutual covenants and agreements set
forth herein, and intending to be legally bound hereby, the parties hereto agree
as follows:
1. Lessee hereby agrees to purchase from Lessor, and Lessor hereby agrees
to sell to Lessee, the telephone system identified on Exhibit "A"
attached to the Lease (the "Telephone System") for a purchase price
equal to $7,577.77. The purchase price will be paid in cash within two
(2) business days following the execution and delivery of this
Amendment. Thereafter, Lessee will have, own and enjoy all of Lessor's
rights, titles and interest in and to the Telephone System
2. Effective, February 1, 2000, the Telephone System (having been
purchased on November 20, 1996 at a cost of $12,717.35) shall be
deemed to have been deleted from Exhibit "A" and shall thereafter be
excluded from the definition of Equipment.
3. Effective February 1, 2000 and continuing thereafter for the remainder
of the Term of the Lease, the annual aggregate amount of Rent shall be
Fifty-Seven Thousand Six Hundred Seventeen and 88/100 Dollars
($57,617.88), payable in equal monthly installments of Four Thousand
Eight Hundred One and 49/100 Dollars ($4,801.49).
4. The buy-out price contained in Section 12(c) of the Lease is hereby
reduced to Fifty One Thousand Four Hundred Fifty Two and 43/100
Dollars ($51,452.43).
5. All other terms and conditions contained in the Lease and not amended
hereby remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to
be
duly executed as of the day and year first above written.
SELECT CAPITAL CORPORATION
a Pennsylvania Corporation
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Xxxxxxx X. Xxxxxxx, Vice President
SELECT MEDICAL CORPORATION
a Delaware Corporation
By: /s/ Xxxxx X. Xxxxxxxxx
------------------------------------
Xxxxx X. Xxxxxxxxx, Vice President
