EXHIBIT 10.2
SUBLEASE
THIS SUBLEASE dated MARCH 3, 2000 by and between D and W Companies, Inc.
doing business as Psychiatric Solutions, Inc. (hereinafter the "Tenant") and TMP
Inc. (hereinafter the "Subtenant").
Subtenant subleases from Tenant the following described premises:
Approximately 1068 square feet of office space in the building commonly known as
the 3401 West End Building located at 0000 Xxxx Xxx Xxxxxx, Xxxxx 000 in
Nashville, Tennessee (hereinafter the "Premises")(collectively known as the
"Lease").
TERM: Subtenant shall occupy the above-described premises for a term of
eleven (11) months commencing April 1, 2000 and terminating February 28, 2001.
RENT: Subtenant covenants and agrees to pay the Tenant rent in accordance
with the following payment schedule with each monthly rental payment due and
payable on the first day of each month. Said rental payments shall commence
April 1, 2000 and continue through lease termination. No other payments of any
nature will be due from Subtenant. A late charge of five (5%) percent will be
charged on rental not received by the 5th of the month.
TERM MONTHLY RENT
April 1, 2000 through January 31, 2001 $1,757.75
February 1, 2001 through February 28, 2001 Free
Subtenant will not make changes to the space without written approval of the
Tenant and Landlord. Landlord and Tenant hereby give permission to Subtenant to
paint the space. Tenant agrees to contribute $90.00 towards the signage for
Subtenant and Subtenant shall be provided 5 parking spaces at a monthly cost of
$25/month each.
SECURITY DEPOSIT: Subtenant has this day deposited with Tenant the sum of
$1,775.00 DOLLARS ($1,775.00) as a Security Deposit for the performance by
Subtenant by all terms, covenants and conditions of this sublease upon
Subtenant's part to be performed, which sum shall be applied to the January 2001
rental payment.
INSURANCE: Notwithstanding anything to the contrary contained in the Lease,
Subtenant shall maintain general public liability insurance in an amount not
less than one million dollars ($1,000,000.00). Subtenant shall also insure its
personal property to such extent as it deems appropriate, and shall neither have
nor make claim against the Landlord or Tenant for any loss or damage to same,
regardless of the cause thereof.
This Sublease is contingent on the approval of the Landlord, Highwoods
Properties, Inc. If for any reason the Landlord will not allow Tenant to
sublease the aforementioned space, this Sublease will be null and void.
It is understood that this is a Sublease and that all the terms and
conditions as set forth in the Lease Agreement between Highwoods Properties,
Inc. and D and W Companies, Inc. dated October 30, 1997 are in effect and
binding upon the Subtenant and Tenant. The Lease Agreement and all referenced
amendments are attached hereto as Exhibit "A" and made a part hereof.
Witness Attest: Subtenant: TMP, INC.
/s/ XXXX X. XXXXX By: /s/ XXXXXX X. XXXXXX, XX.
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Date: 3 / 3 /00 Its: CHAIRMAN
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Witness Attest: Tenant:Psychiatric Solutions, Inc.
/s/ XXXXX XXXXX By: /s/ XXXX XXXXXX
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Date: 3 / 9 /00 Its: PRESIDENT AND CEO
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Landlord: W. XXXX XXXXXXXX TRUSTEE FOR
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THE BENEFIT OF HIGHLAND
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TENNESSEE HOLDINGS, L.P.
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By:/s/ XXXXX XXXXXX
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Its: VICE PRESIDENT, HIGHWOOD PROPERTIES
