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ADDENDUM TWO TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT

Equipment Lease Agreement

ADDENDUM TWO TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT | Document Parties: Community Hospital Group, Inc | GK Financing, LLC You are currently viewing:
This Equipment Lease Agreement involves

Community Hospital Group, Inc | GK Financing, LLC

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Title: ADDENDUM TWO TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT
Date: 5/14/2008
Industry: Healthcare Facilities     Sector: Healthcare

ADDENDUM TWO TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT, Parties: community hospital group  inc , gk financing  llc
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Exhibit 10.30b
ADDENDUM TWO
TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT
     This ADDENDUM TWO TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT (this “Addendum”) is dated effective as of January 9, 2008, between The Community Hospital Group, Inc., dba JFK Medical Center, a New Jersey corporation (“JFK”), and GK Financing, LLC, a California limited liability company (“GKF”).
RECITALS
     WHEREAS, on December 11, 1996, GKF and JFK executed a Lease Agreement for a Gamma Knife Unit (the “Original Lease”), which lease agreement was amended by a certain Addendum One dated effective as of July 1, 2002 (such Lease Agreement, as amended by such Addendum One, is referred to herein as the “Lease”); and
     WHEREAS, the parties desire to further amend the terms and provisions of the Lease as set forth herein.
     NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
AGREEMENT
     1.  Defined Terms . Unless otherwise defined herein, the capitalized terms used herein shall have the same meanings set forth in the Lease.
     2.  Extension of Lease Term .
          a. It is acknowledged that the First Procedure Date under the Lease was April 25, 2000, and therefore, pursuant to Section 4 of the Lease, the initial Term of the Lease will expire at 11:59 p.m. on April 24, 2010.
          b. In consideration of the “Reload” of the cobalt-60 source as described below, the Term of the Lease as set forth in Section 4 thereof, is hereby extended for an additional five (5) year period (the “Extension”), which Extension shall commence at 12:00 a.m. on April 25, 2010, and shall continue until 11:59 p.m. on April 24, 2015, at which time the Term shall expire.
          c. All references in the Lease to the “Term” shall be deemed to refer to the Term, as extended by the Extension.
     3.  Cobalt Reload of the Equipment . Section 15 of the Lease is hereby deleted in its entirety and replaced with the following:
     “15.1 Cobalt Reload . Subject to the terms and conditions set forth below, (a) GKF, at GKF’s cost and expense, shall reload the Equipment

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with new cobalt-60 that meets the

 
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