Exhibit 10.57
Old Gettysburg Associates
0000 Xxx Xxxxxxxxxx Xxxx
Xxxxxxxxxxxxx, XX 00000
Fourth Addendum to Lease Agreement
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THIS FOURTH AMENDMENT (this "Fourth Amendment") is made as of the 1st day
of September, 2001, by and between OLD GETTYSBURG ASSOCIATES, a Pennsylvania
general partnership ("Landlord"), and SELECT MEDICAL CORPORATION, a Delaware
corporation ("Tenant").
BACKGROUND:
A. Landlord and Tenant are parties to that certain Office Lease Agreement
dated June 15, 1999 (as amended by the First, Second and Third Addenda
thereto, the "Lease"), pursuant to which Landlord leased to Tenant, and
Tenant hired from Landlord, approximately 12,400 rentable square feet of
space in the building located at 0000 Xxx Xxxxxxxxxx Xxxx, Xxxxxxxxxxxxx,
Xxxxxxxxxxxx. All capitalized terms not otherwise defined herein shall have
the meanings ascribed to them in the Lease.
B. On August 31, 2001, Tenant desires to surrender possession of 175 square
feet of space which is located on the 4th floor of the Premises, and
Landlord desires to accept possession of such space. Therefore, Tenant and
Landlord now desire to amend the Lease to reflect a reduction in the size
of the Premises by 175 square feet.
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:
1. From and after September 1, 2001, the Premises will consist of 12,225
square feet of space rather than 12,400 square feet of space. Monthly rent
will be $19,184.62 payable on September 1, 2001 and October 1, 2001.
Monthly rent will be $18,372.37 (i.e., to provide a credit of $541.50 for
over-payments during September and October 2001) payable on November 1,
2001. Monthly rent will be $18,913.87 payable on December 1, 2001 and
thereafter until it is increased as provided in the Lease.
2. All other terms and conditions contained in the Lease not amended hereby
remain in full force and effect.
IN WITNESS WHEREOF, Landlord and Tenant have caused this Fourth Amendment
to be duly executed as of the day and year first above written.
Landlord:
OLD GETTYSBURG ASSOCIATES
a Pennsylvania general partnership
By: /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
Agent for Owner
Tenant:
SELECT MEDICAL CORPORATION,
a Delaware corporation
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx,
Senior Vice President
