SECOND AMENDMENT
TO
LEASE AGREEMENT
This Second Amendment ("Amendment") dated as of the 1st day of April,
1999 by and between BFS REALTY, LLC, a New York limited liability company,
having an office at 00 Xxxxxx Xxxx Xxxxx, Xxxx Xxxxxxxxxx, Xxx Xxxx 00000
("Landlord") and NATIONAL MEDICAL HEALTH CARD SYSTEMS, INC., a New York
corporation having an office at 00 Xxxxxx Xxxx Xxxxx, Xxxx Xxxxxxxxxx, Xxx Xxxx
00000 ("Tenant").
WITNESSETH:
WHEREAS, on January 1, 1996 Tenant entered into a Lease agreement with
Sandata, Inc. ("Sandata") (the "Lease") for premises consisting of approximately
5,725 square feet of area in the building commonly known as 00 Xxxxxx Xxxx
Xxxxx, Xxxx Xxxxxxxxxx, New York (the "Building"), which Lease was assigned by
Sandata on November 1, 1996 to Landlord;
WHEREAS, on June 1, 1998 Tenant entered into a First Amendment with
Landlord to increase the size of the premises by 1,500 square feet to 7,225
square feet;
WHEREAS, both Landlord and Tenant are desirous to further amend certain
provisions of the Lease.
NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the parties agree as follows:
1. The term of the Lease shall be amended to a term commencing
on the date hereof and ending five years later on March 30, 2004 (the "Amended
Term"), unless sooner terminated.
2. Both Landlord and Tenant are desirous to increase the size
of the area currently being leased by Tenant by 7,375 square feet to 14,600
square feet effective as of the date hereof.
3. Tenant agrees to pay Landlord rent in accordance with the
amended Schedule of Rent attached hereto and made part of this Second Amendment
for the duration of the Amended Term of the Lease.
All other terms of the Lease shall remain in full force and effect as
previously written.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Second
Amendment the day and year first above written.
LANDLORD
BFS REALTY, LLC
By: /s/ Xxxx X. Xxxxxxx
Name: Xxxx X. Xxxxxxx
Title: Member
TENANT
NATIONAL MEDICAL HEALTH CARD
SYSTEMS, INC.
By: /s/ Xxxxx Xxxxxxx
Name: Xxxxx Xxxxxxx
Title: Vice President of Operations
SCHEDULE ATTACHED HERETO AND MADE PART OF SECOND AMENDMENT TO
LEASE OF DEMISED PREMISES IN BUILDING LOCATED
AT 00 XXXXXX XXXX XXXXX, XXXX XXXXXXXXXX, XX,
DATED APRIL 1, 1999 BETWEEN
BFS REALTY, LLC AS LANDLORD AND
NATIONAL MEDICAL HEALTH CARD SYSTEMS, INC. AS TENANT.
SCHEDULE OF RENT
April 1, 1999 through
March 31, 2000 $372,000.00 per annum
$ 31,000.00 per month
April 1, 2000 through
March 31, 2001 $390,600.00 per annum
$ 32,550.00 per month
April 1, 2001 through
March 31, 2002 $410,130.00 per annum
$ 34,177.50 per month
April 1, 2002 through
March 31, 2003 $430,636.50 per annum
$ 35,886.38 per month
April 1, 2003 through
March 31, 2004 $452,168.33 per annum
$ 37,680.69 per month
