Old Gettysburg Associates II 4720 Gettysburg Rd Mechanicsburg, PA 17055 Fifth Addendum to Lease Agreement
Exhibit 10.71
Old Gettysburg Associates II
0000 Xxxxxxxxxx Xx
Xxxxxxxxxxxxx, XX 00000
0000 Xxxxxxxxxx Xx
Xxxxxxxxxxxxx, XX 00000
Fifth Addendum to Lease Agreement
This Fifth Addendum is made as of the 13th day of April, 2009, by and between Old Gettysburg
Associates II, a (“Landlord”), and Select Medical Corporation a (“Tenant”).
BACKGROUND:
A. | Landlord and Tenant are parties to that certain Office Lease Agreement dated May 15, 2001 (as amended by the First Addendum which forfeited 4,583 square feet known as Suite 403 and 404, the Second Addendum which added 3,206 square feet known as Suite 402, the Third Addendum which added 5,577 square feet known as Suites 302 and 303 , and Fourth Addendum which forfeited 2,631 square feet known as Suite 401 thereto, the “Lease”) pursuant to which Landlord leased to Tenant, and Tenant leased from Landlord, approximately 8,783 rentable square feet of space in the building located at 0000 Xxxxxxxxxx Xx., Xxxxxxxxxxxxx, Xxxxxxxxxxxx. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Lease. |
B. | Landlord and Tenant now desire to amend the Lease as hereinafter set forth. |
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and
intending to be legally bound hereby, Landlord and Tenant agree as follows:
Effective on May 1, 2009, the following terms contained in the Basic Lease shall be
amended as follows:
1. | Tenant agrees to vacate 3,206 square feet known as Suite 402. | ||
2. | Total area of the premises under this lease will be amended to 5,577 square feet for Suites 302 and 303. | ||
3. | Tenant’s proportionate share will be 13.06% based on total square footage of building as 42,691 square feet. | ||
4. | Monthly rental payment will be $11,575.99 until May 2010 at which time it will increase 4% and continue to increase 4% annually on May 1 as stated in the original lease. | ||
5. | Operating expenses will be prorated and invoiced before March 30, 2010. |
All other terms and conditions contained in the Lease and not amended hereby remain in full force
and effect.
IN WITNESS WHEREOF, Landlord and Tenant have caused this Fifth Addendum to be duly executed.
Landlord: Old Gettysburg Associates II | ||||||||||
WITNESS:
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By: | /s/ Xxxx Xxxxxxxx | ||||||||
Date: | May 21, 2009 | |||||||||
Tenant: | Select Medical Corporation | |||||||||
ATTEST:
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/s/ Xxxx X. Xxxxxx | By: | /s/ Xxxxxxx X. Xxxxxx | |||||||
Xxxxxxx X. Xxxxxx | ||||||||||
Name:
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Xxxx X. Xxxxxx | Title: | Executive Vice President | |||||||
Date: | May 13, 2009
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