EXHIBIT 10.1
Lease Extension
We, the undersigned, hereby agree to
renew and extend that Lease between Sunbeam Development Corporation
(Lessor) and NMHCRX MAIL ORDER, Inc., a division of National
Medical Health Card Systems, Inc. (Lessee) on property located at
9994 Premier Parkway, Miramar, Florida, for an additional Five
(5) Year Period, commencing January 1, 2008 and ending on
December 31, 2012. The monthly rent is to be as follows:
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$15,305.41 per month plus applicable sales tax from
January 1, 2008 thru December 31, 2008; |
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$15,917.62 per month plus applicable sales tax from
January 1, 2009 thru December 31, 2009; |
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$16,554.33 per month plus applicable sales tax from
January 1, 2010 thru December 31, 2010; |
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$17,216.50 per month plus applicable sales tax from
January 1, 2011 thru December 31, 2011; |
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$17,905.16 per month plus applicable sales tax from
January 1, 2012 thru December 31, 2012. |
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Rents for months not listed above shall remain unchanged. |
Lessee
and Lessor each represent to the other that no broker is due a
commission from this Lease Extension.
No
security deposit shall continue to be held under this Lease.
All
other terms and conditions will remain unchanged, except for the
following changes which shall be effective immediately unless noted
otherwise below (references are to the business lease dated
November 18, 2002 between Lessor and Lessee which was modified
on July 31, 2003);
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a. |
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Witnesseth Paragraph : Replace “Such payments are
in addition to all other payments to be made under this Lease by
Lessee, including but not limited to those described in
Paragraph 28.” with “The term “rent”
under this Lease shall include the monthly sums referenced above
(including applicable sales taxes), and all other sums due under
this Lease, including but not limited to those described in
Paragraphs 20 and 28.” |
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b. |
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Paragraph 1 , line 4: Replace “delayed, and
all” with “delayed. Notwithstanding any assignment of
this Lease, Lessee shall remain fully responsible for its
obligations under this Lease. Furthermore, Lessee acknowledges that
in the event it subleases or assigns all or a portion of the
Premises and the associated subtenant/assignee holds over in the
Premises beyond the end of the term of this Lease, Lessee shall be
responsible for paying rent, Lessee’s Proportionate Share of
Expenses and the holdover penalty for the entire Premises during
the period of the subtenant’s/assignee’s holdover,
regardless of whether the subtenant/assignee is subleasing (and/or
occupying) all or only a porti |
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