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EXHIBIT 10.5
SUBLEASE
This Sublease made the __th day of June, 1999, between Staff Builders,
Inc., a New York Corporation, hereinafter referred to as Sublandlord, and ATC
Healthcare Services, Inc., a Georgia Corporation, hereinafter referred to as
Subtenant.
WITNESSETH, that the Sublandlord leases to the Subtenant and the Subtenant
hereby takes from the Sublandlord, the following premises to wit:
0000 Xxxxxx Xxxxxx
Xxxx Xxxxxxx, XX 00000
Space located on the second floor consisting of 2,030 square feet
To be used in accordance with the terms of this Sublease and for no other
purpose for a term to commence on the 1st day of ___ 1999, and to continue on a
month to month basis thereafter at the rent as hereinafter provided, payable in
equal monthly installments in advance on the 1st day of each and every calendar
month during said term.
The said premises are a portion of same premises referred to in the Master
Lease dated October 1, 1993, as amended on October 28, 1998 (the "Master Lease")
between Matterhorn USA, Inc., as the Landlord and Staff Builders, Inc., a New
York corporation, as the Tenant. The terms, covenants, provisions and conditions
of said Master Lease are hereby incorporated herein and shall be binding upon
all parties with the exception of Section 6 of the Master Lease pertaining to
the payment of rent and additional rent. The Sublandlord represents that the
Master Lease is in full force and effect as of this date. The Subtenant
represents that the Subtenant has been provided a copy of the Master Lease and
agrees to its terms.
The total monthly rent payable hereunder shall be $4,016.67. Rent will be
due and payable on the first day of the month at the address of the SubLandlord
at the location indicated below.
All notices, demands, requests, consents and approvals shall be in writing
and sent by United States certified or registered mail, or via hand delivery,
to the following address:
If to Sublandlord: Staff Builders, Inc.
0000 Xxxxxx Xxxxxx XX0000
Xxxx Xxxxxxx, XX 00000-0000
If to Subtenant: ATC Healthcare Services, Inc.
0000 Xxxxx Xxxxx Xxxx, Xxxxx 000
Xxxxxxx, XX 00000
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If to Landlord: Matterhorn USA, Inc.
c/o BDG Management, Inc.
0000 Xxxxxxx Xxxxxxxx
Xxxxxxx, XX 00000
Except as specifically modified hereby, Subtenant shall have and enjoy all of
the rights of "Tenant" under the Master Lease.
IN WITNESS WHEREOF, the parties have executed this Sublease Agreement as of the
date first above written.
SUBLANDLORD:
Staff Builders, Inc., a New York Corporation
By:
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Name:
Title:
SUBTENANT:
ATC Healthcare Services, Inc., a Georgia Corporation
By:
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Name:
Title:
Landlord hereby consents to the terms of this Sublease.
AGREED AND ACCEPTED:
MATTERHORN USA, INC.
By:
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Name:
Title:
