SECOND AMENDMENT TO LEASE AGREEMENT
THIS SECOND AMENDMENT TO LEASE AGREEMENT ("Second Amendment") dated
February 24, 1998, is between University Associates Limited, L.L.P., a Florida
limited partnership by BBM Management, L.L.C. ("Landlord") and Anda Generics,
lnc. ("Tenant").
RECITALS
A. Landlord and Tenant entered into that certain Lease ("Lease"), on April
24, 1986 for that certain Space #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 Second Amendment.
AGREEMENT
NOW THEREFORE, in consideration of the promises and of the mutual covenants of
the parties hereto, and for other good and valuable consideration, the parties
hereto mutually covenant and agree as follows:
1. Landlord herein grants Tenant the right and privilege of extending the
Lease Agreement for three (3) additional six (6) month options, the
first of which shall commence November 15, 1998.
2. Tenant acknowledges that in the event Tenant should exercise the right
to extend the Lease for either of the additional option periods, that
all terms and conditions of said options shall be in accordance with
Rider to Lease including but not limited to (a) Notice to Landlord of
Tenant's intention to exercise its right to extend the lease term and
(b) The Minimum Base Rent shall adjust in accordance with the Consumer
Price Index as set forth in the Rider to Lease and such rent adjustment
shall occur at the beginning of each option period and shall increase
the Minimum Base Rent by amount of not less than one and one half
(1.5%) percent nor greater than three and one-half (3.5%) percent above
the then current base rent.
3. Tenant acknowledges and reaffirms that the rent is due and payable on
the first day of each calendar month.
4. 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: University Associates
Limited, L.L.P., a Florida limited
partnership by BBM Management L.L.C.
/S/ By: /S/
-------------------------------- --------------------------------
Manager
/S/XXXXXXX XXXXX Dated:FEBRUARY 24, 1998
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WITNESSES: TENANT: Anda Generics, Inc.
/S/XXXXXXX X. XXXXXXX By: /S/XXXXX XXXXX
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