FIFTH AMENDMENT TO LEASE
------------------------
THIS FIFTH AMENDMENT TO LEASE, made as of the 12th day of February, 2001,
by and between HEIGHTS PLAZA ASSOCIATES, a New Jersey partnership, having an
office x/x Xxxxxx Xxxxxxx Xxxxxxxxxxx, Xxxxx Xxxxx North, 00 Xxxx Xxxxxx,
Xxxxxxxxxx, Xxx Xxxxxx 00000 (hereinafter called "Landlord"), and MEDICORE,
INC., a Florida corporation, having offices at 000 Xxxxxxx Xxxxxx, Xxxxxxxxx
Xxxxxxx, Xxx Xxxxxx 00000 (hereinafter called "Tenant").
W I T N E S S E T H:
WHEREAS, by Agreement of Lease dated April 30, 1981, as amended by an
Amendment to Lease dated October 28, 1985, a Second Amendment to Lease dated
April 11, 1988, a Third Amendment to Lease dated March 21, 1991, and a Fourth
Amendment to Lease dated as of March 31, 1996 (the Agreement of Lease, the
Amendment to Lease, the Second Amendment thereto, the Third Amendment thereto
and the Fourth Amendment thereto being hereinafter collectively referred to
as the "Lease"), Landlord and Tenant and/or its predecessor-in-interest,
Automated Medical Laboratories, Inc., entered into a lease which now covers
approximately three thousand eight hundred seventy (3,870) rentable square
feet of space in a portion of the fifth (5th) floor of a certain building
commonly know as 000 Xxxxxxx Xxxxxx, Xxxxxxxxx Xxxxxxx, Xxx Xxxxxx
(hereinafter called the "Premises"); and
WHEREAS, the term of the Lease expires on March 31, 2001, and Landlord
and Tenant are mutually desirous of extending the term of the Lease upon all
the terms and conditions hereinafter set forth.
1
NOW, THEREFORE, in consideration of the sum of Ten ($10.00) Dollars
and other good and valuable consideration paid by each party to the other,
the receipt and sufficiency whereof are hereby acknowledged by both parties,
Landlord and Tenant do hereby covenant and agree as follows:
1. All of the recital clauses hereinabove set forth are hereby
incorporated by reference as though set forth verbatim and at length herein.
2. All defined terms shall have the same meaning ascribed to them in
the Xxxxxxxxx unless otherwise expressly set forth to the contrary herein.
3. The term of the Lease is hereby extended for an additional five (5)
year period commencing April 1, 2001 and expiring on March 31, 2006
(hereinafter referred to as the "New Additional Term"), upon all of the same
terms, covenants and conditions of the Lease, except as may be hereinafter
set forth.
4. During the New Additional Term, the fixed rent shall be increased to
the sum of Seventy-Seven Thousand Four Hundred ($77,400.00) Dollars per annum.
5. Article 36 of the Lease is hereby deleted in its entirety.
6. As herein amended, the Lease is ratified, confirmed and remains in
full force and effect.
2
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands
and seals as of the day and year first above written.
WITNESS: HEIGHTS PLAZA ASSOCIATES
(Landlord)
/s/ Xxxxx X. Xxxxx /s/ Xxxxx Xxxxxxx
----------------------------- By----------------------------
XXXXX X. XXXXX Name: Xxxxx Xxxxxxx
Title: General Partner
ATTEST: MEDICORE, INC.
(Tenant)
/s/ Xxxxx X. Xxx /s/ Xxxxxx X. Xxxxxxxx
----------------------------- By----------------------------
Notary Public of New Jersey XXXXXX X. XXXXXXXX, President
My Commission Expires March 6, 2005
