FIRST AMENDMENT OF
AGREEMENT OF LEASE
JUNE 15, 1999
Between: FIVE REGENT PARK ASSOCIATES (Landlord)
a New Jersey Partnership
c/o Eastman Management Corporation
000 Xxxx Xxxxx Xxxxxxxx Xxxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
And: AMERICAN DISEASE MANAGEMENT ASSOCIATES (Tenant)
#0X Xxxxxx Xxxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
RE: #0X Xxxxxx Xxxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
Lease Dated July 22, 1996
WITNESSETH
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WHEREAS, on July 22, 1996, the parties entered into a Lease Agreement for office
space in the building known as #5N Regent Street, Livingston, New Jersey; and
herein referred to as the "Lease";
WHEREAS, both parties now desire to further amend the aforesaid Lease Agreements
by extending schedule and other term modify terms;
NOW THEREFORE, for and in consideration of the mutual covenants set forth, the
receipt and sufficiency of which are mutually acknowledged, the parties hereto
agree to amend the original Lease Agreement, dated July 22, 1996 and subsequent
Amendment of Lease as follows;
1. The lease Term as defined in the Lease shall be extended for a period of
twenty (24) months beginning November 1, 1999.
2. Beginning November 1, 1999 the Basic Rent shall be $49,774.50 per annum
payable in advance in equal monthly installments of $4,147.88
3. Landlord shall refund a portion of the total Security Deposit held by
Landlord pursuant to the Lease in following manner: On January 31, 2000.
April 30,2000, July 31,2000, and October 31,2000, Landlord shall refund to
Tenant $1,782.00 of Security Deposit
4. In all other respects, except as expressly modified herein, the said Lease
and Lease Amendments between the parties are hereby ratified and confirmed.
IN WITNESS WHEREOF, the parties have hereunto set their hands on
the date first written above.
WITNESS: (Landlord)
FIVE REGENT PARK ASSOCIATES
By: Janfel-JBS Corp., a General Partner
/s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxxx Xxxxxxx
---------------------- ------------------------------
Xxxxx Xxxxxxx, Vice President
ATTEST: (Tenant)
AMERICAN DISEASE MANAGEMENT
ASSOCIATES
/s/ Xxxxxxxxx Xxxxxxxx By: /s/ Xxxxx Xxxxx
----------------------- -----------------------------
Xxxxx Xxxxx, President
