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EXHIBIT 10.101
FIRST LEASE EXTENSION
This First Extension of the Lease dated January 10, 1994 is made and entered
into this 11th day of September, 1997, by and between Whittier Narrows Business
Park, a California General Partnership, c/o Liberty West, Inc. ("Landlord"), and
OptimumCare Corporation, a Delaware Corporation ("Tenant").
R E C I T A L S
This First Extension is made with reference to the following facts and
objectives:
A. By Lease and Addendum to Lease, dated January 10, 1994, (collectively,
the "Lease"), Tenant leased from Landlord the premises described in Section 2 of
the Lease (the "Premises") which consists of approximately 2946 rentable square
feet located in that certain building identified as Whittier Narrows Business
Park, 0000 Xxxxxx Xxxxxx, Xxxxxx X & E, in the City of South El Monte, State of
California.
B. Said Lease had an original expiration date of May 31, 1997 and Tenant is
currently holding over on a month to month basis.
C. Tenant desires to extend the term of the Lease for an additional three
(3) year period.
D. Tenant desires to have the interior of the Suites repainted as needed.
E. Tenant desires to have the carpet replaced as needed and the remainder
cleaned.
NOW, THEREFORE, in consideration of the Premises, the Lease, the mutual
covenants hereinafter set forth and for other valuable consideration, the
receipt an adequacy of which hereby acknowledged, Landlord and Tenant hereby
agree as follows:
1. Landlord and Tenant have fully and faithfully performed all of the terms
and conditions of the Lease required to be performed.
2. The term of the Lease shall be extended through September 30, 2000.
3. Landlord agrees to extend the Lease under the following terms and
conditions:
a. Per item 2(j) of the Lease, effective October 01, 1997, monthly
installments of Base Rent to be $3,387.90 fixed for the term of
this extension.
b. Landlord to repaint the interior of the Suites as reasonably
needed at Landlord's expense.
c. Landlord to replace carpeting as reasonably needed and clean the
remainder at Landlord's expense.
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4. Tenant to increase current security deposit of $3,240.60 to $3,387.90
payable with the October 1997 rent payment.
5. As Tenant is already occupying Suites D & E, notwithstanding items 3b
and 3c above, Tenant accepts same in its current "as-is" condition.
6. Except as specifically modified herein above, the Lease shall continue
and shall remain unchanged. The parties hereto do hereby ratify and affirm the
Lease.
7. This agreement sets forth the entire agreement between the parties with
respect to the matters set forth herein. There have been no additional oral or
written representations or agreements. In case of any inconsistency between the
provisions of the Lease and this agreement, the latter provisions shall govern
and control.
8. This agreement shall extend to and be binding upon the heirs, devisees,
executors, administrators, successors in interest and assigns of both Landlord
and Tenant.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and
date first written above.
LANDLORD:
WHITTIER NARROWS BUSINESS PARK
c/o LIBERTY WEST, INC.
BY:XXXX XXXXXXXX
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Xxxx Xxxxxxxx, President
DATE:SEPTEMBER 12, 1997
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TENANT:
OPTIMUMCARE CORPORATION
A DELAWARE CORPORATION
BY:XXXXXX X XXXXXXX
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Xxxxxx X. Xxxxxxx, President
DATE:SEPTEMBER 10, 1997
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