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Exhibit 10.16(c)
AMENDMENT TO SUBLEASE AGREEMENT
This Amendment to Sublease Agreement ("Amendment") is entered into as
of the 1st day of June, 1998, by and between The Alexander Group, Inc., a
Delaware corporation ("Alexander"), and Integrated Physician Networks Inc., a
Delaware corporation ("Integrated"). This Amendment amends certain provisions of
that Sublease Agreement between the parties dated as of May, 18, 1996 (the
"Sublease").
1. All references in the Sublease to covered parking are deleted;
Integrated shall have no further right to use any of Alexander's covered
parking.
2. Paragraph 2 of the Sublease concerning the requirement for consent
of the Landlord applies to this Amendment in the same manner as it applied to
the Sublease.
3. Paragraph 4 of the Sublease is amended to provide that the term of
the Sublease is extended for a period of 18 months, commencing June 1, 1998 and
ending November 30, 1999. The date in subparagraph 4(ii) of the Sublease and in
the last sentence of paragraph 4 is changed to May 31, 2000.
4. The rent for the 18-month extension of the Sublease term shall be
$37,800.00, payable to Alexander in advance in monthly installments of
$2,100.00. The monthly rent during any month to month tenancy shall be
$2,100.00.
5. The Sublease premises are accepted by Integrated in their current
"as is" condition.
6. Alexander's conference room is available to Integrated, but only at
times when it is not reasonably needed by Alexander, at the rate of $50.00 for a
period of 0 to 4 hours, and $100.00 for a period of 4 to 8 hours, in any given
day. Subject to availability of the conference room, Integrated is entitled to 1
use of 4 or less hours per month without payment of this additional fee.
7. This Amendment shall not become effective until it is executed by
both parties hereto and consented to by the Landlord.
8. Except as specifically amended herein, the Sublease remains
unmodified and in full force and effect.
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EXECUTED as of the date first written above.
THE ALEXANDER GROUP, INC.,
a Delaware corporation
By:____________________________
Printed name:__________________
Its:___________________________
INTEGRATED PHYSICIAN NETWORKS INC.,
a Delaware corporation
By:____________________________
Printed name:__________________
Its:___________________________
LANDLORD'S CONSENT
Nationwide Realty Investors, Ltd., and Ohio limited liability company,
as Landlord, hereby consents to this Amendment, provided that the conditions of
its consent to the Sublease are incorporated herein by this reference.
By:___________________________
Printed name:__________________
Its:___________________________
