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EXHIBIT 10.5
SUBLEASE
This Sublease made the 20th day of October, 1999, between Staff
Builders, Inc., a New York Corporation, hereinafter referred to as Sublandlord,
and ATC Healthcare Services, Inc., a Georgia Corporation, hereinafter referred
to as Subtenant.
WITNESSETH, that the Sublandlord leases to the Subtenant and the
Subtenant hereby takes from the Sublandlord, the following premises to wit:
0000 Xxxxxx Xxxxxx
Xxxx Xxxxxxx, XX 00000
Space located on the second floor consisting of 2,030 square feet
To be used in accordance with the terms of this Sublease and for no
other purpose for a term to commence on the date hereof, and to continue on a
month to month basis thereafter at the rent as hereinafter provided, payable in
equal monthly installments in advance on the 20th day of each and every calendar
month during said term.
The said premises are a portion of same premises referred to in the
Master Lease dated October 1, 1993, as amended on October 28, 1998 (the "Master
Lease") between Matterhorn USA, Inc., as the Landlord and Staff Builders, Inc.,
a New York corporation, as the Tenant. The terms, covenants, provisions and
conditions of said Master Lease are hereby incorporated herein and shall be
binding upon all parties with the exception of Section 6 of the Master Lease
pertaining to the payment of rent and additional rent. The SubLandlord
represents that the Master Lease is in full force and effect as of this date.
The Subtenant represents that the Subtenant has been provided a copy of the
Master Lease and agrees to its terms.
The total monthly rent payable hereunder shall be $4,016.67. Rent will
be due and payable on the twentieth day of the month at the address of the
SubLandlord at the location indicated below.
All notices, demands, requests, consents and approvals shall be in
writing and sent by United States certified or registered mail, or via hand
delivery, to the following address:
If to SubLandlord: Staff Builders, Inc.
0000 Xxxxxx Xxxxxx XX0000
Xxxx Xxxxxxx, XX 00000-0000
If to Subtenant: ATC Healthcare Services, Inc.
0000 Xxxxx Xxxxx Xxxx, Xxxxx 000
Xxxxxxx, XX 00000
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If to Landlord: Matterhorn USA, Inc.
c/o BDB Management, Inc.
0000 Xxxxxxx Xxxxxxxx
Xxxxxxx, XX 00000
Except as specifically modified hereby, Subtenant shall have and enjoy all of
the rights of "Tenant" under the Master Lease.
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IN WITNESS WHEREOF, the parties have executed this Sublease Agreement as of the
date first above written.
SUBLANDLORD:
Staff Builders, Inc., a New York Corporation
By: /s/ Xxxx X. Xxxxx
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Name: Xxxx X. Xxxxx
Title: President and Chief Operating Officer
SUBTENANT:
ATC Healthcare Services, Inc., a Georgia Corporation
By: /s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxxx Xxxxxxxx
Title: Chairman of the Board and Chief Executive Officer
