Exhibit 6.8
Pennsylvania Physician
Healthcare Plan, Inc.
Amendment No. 1 to
Agreement of Lease
AMENDMENT NO. 1 TO AGREEMENT OF LEASE
THIS AMENDMENT made this 27 day of February, 1998 is attached to and
made a part of the Agreement of Lease by and between Union Deposit Corp., agent
for Union Deposit Limited Partnership having its office at X.X. Xxx 0000,
Xxxxxxxxxx, XX 00000 ("Landlord") and Pennsylvania Physician Healthcare Plan,
Inc. ("Tenant") dated September 19, 1996.
The Agreement of Lease is hereby modified and supplemented in
accordance with the terms of this Amendment. Wherever there is any conflict
between this Amendment and the Agreement of Lease, the provisions of this
Amendment are paramount and the Agreement of Lease shall be construed
accordingly.
1. Premises. The Premises are amended by inserting the following: "The
Premises shall include an additional 2,100 square feet ("Additional Space") as
shown on Exhibit A attached hereto which replaces Exhibit A attached to the
Agreement of Lease which contains a total rentable area of 13,123 square feet
(the "Premises")."
2. Completion by Landlord. The Additional Space shall be delivered to
tenant in an "as is" condition.
3. Term. Insert the following: "The Term as to the Additional Space
shall commence on March 1, 1998. Delete "the fifth (5th) anniversary" in the
last line and insert "February 28, 2003".
5. Rent. (a) Minimum Annual Rent. Delete the Monthly Installment
Schedule of Minimum Annual Rent and insert the following: "The Monthly
Installment Schedule of Minimum Annual Rent shall be set forth on Exhibit C
attached and made a part hereof."
(c) Base Operating Cost. Delete the Monthly Installment
Schedule of Base Operating Cost and insert the following: "The Monthly
Installment Schedule of Base Operating Cost shall be set forth on Exhibit C
attached and made a part hereof."
33. Option to Renew. Delete the last sentence and insert the following:
"The Minimum Annual Rent and Base Operating Cost for each year of the extended
term shall be as set forth on Exhibit D attached hereto and made a part hereof."
Exhibit 6.8
Except as set forth herein, the Agreement of Lease remains in full
force and effect.
IN WITNESS WHEREOF, the parties hereto intending to be legally bound
have executed this Amendment as of the day and year first above written.
ATTEST: LANDLORD: Union Deposit Corp.,
agent for Union Deposit Limited
Partnership
/s/ Xxxxx X. Xxxxxxx By: /s/ Xxxx X. Xxxxxxx (SEAL)
-------------------- --------------------------
Xxxx X. Xxxxxxx, Executive V.P.
WITNESS: TENANT: Pennsylvania Physician
Healthcare Plan, Inc.
/s/ T. Xxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxxxx (SEAL)
--------------------- --------------------------
Exhibit 6.8
EXHIBITS
Exhibit "A" - First Floor Plan of Additional Space (omitted)
Exhibit "C" - Chart of Monthly Installment Schedule of Minimum
Annual Rent and Base
Operating Cost (omitted)
Exhibit "D" - Minimum Annual Rent and Base Operating Cost
The Company will furnish a copy of any omitted exhibit upon request.
Exhibit 6.8
EXHIBIT "D"
UNION DEPOSIT CORPORATION, AGENT FOR UNION DEPOSIT LIMITED PARTNERSHIP
AND
PENNSYLVANIA PHYSICIANS CARE
FOR
SPRING CREEK PLAZA - 000 XXXX XXXX XXXXX
XXXXXXXXXX, XXXXXXXXXXXX
RENT
Option Period
Lease Year
03/01/03 to 02/28/04 $211,637.06 $17,636.42
03/01/04 to 02/28/05 $217,986.17 $18,165.51
03/01/05 to 02/28/06 $224,525.76 $18,710.48
03/01/06 to 02/28/07 $231,261.53 $19,271.79
03/01/07 to 02/28/08 $238,199.38 $19,849.95
BASE OPERATING COST
ESCROW
Option Period
Lease Year
03/01/03 to 02/28/04 $ 73,161.68 $ 6,096.81
03/01/04 to 02/28/05 $ 75,356.53 $ 6,279.71
03/01/05 to 02/28/06 $ 77,617.23 $ 6,468.10
03/01/06 to 02/28/07 $ 79,945.74 $ 6,662,15
03/01/07 to 02/28/08 $ 82,344.12 $ 6,862.01
One (1) successive renewal option of five (5) years, one (1) year's notice
Escalations: 3% per annum option period
Square Feet: 13,123
