Exhibit 10.74
Executive Park West II
4720 Gettysburg Rd.
Mechanicsburg, PA 17055
4720 Gettysburg Rd.
Mechanicsburg, PA 17055
First Addendum to Lease Agreement
Thisfirst amendment is made as of the1stday ofOctober, 2008,by and betweenOld Gettysburg Associates II, LP, a (“Landlord”), andSelect Medical Corporation,a (“Tenant”).
BACKGROUND:
A. | Landlord and Tenant are parties to that certain Office Lease Agreement datedOctober 1, 2003 pursuant to which Landlord leased to Tenant, and Tenant leased from Landlord, approximately8,644rentable square feet of space in the building located at4720 Gettysburg Rd., Mechanicsburg, Pennsylvania.All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Lease. | |
B. | Landlord and Tenant now desire to amend the Lease as hereinafter set forth. |
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:
Effective onOctober 1, 2008,the following terms contained in the Basic Lease shall be amended as follows: |
1. | Tenant will continue to lease 8,644 rentable square feet in suites 101/102/301 except that the term as of October 1, 2008 shall be on a month to month basis at a rate of $21.13 per rentable square foot. Monthly payments beginning October 1, 2008 will be $15,220.64. The Expense Stop will remain in effect per the original lease agreement. | ||
2. | This may be cancelled by either party with a 30 day notice. |
All other terms and conditions contained in the Lease and not amended hereby remain in full force and effect.
IN WITNESS WHEREOF, Landlord and Tenant have caused this first Amendment to be duly executed.
Landlord: Old Gettysburg Associates II, LP | ||||||||
WITNESS: | Illegible | By: | /s/ John Ortenzio | |||||
Select Capital Commercial Properties, Inc. | ||||||||
John Ortenzio, President | ||||||||
Agent for Owner | ||||||||
Tenant: Select Medical Corporation | ||||||||
ATTEST: | Illegible | By: | /s/ Michael E. Tarvin | |||||
Michael E. Tarvin | ||||||||
(Print name) | ||||||||
Name: | Illegible | Title: | Executive Vice President | |||||