EXHIBIT 10.2
AMENDMENT TO LEASE AGREEMENT
THIS AMENDMENT TO LEASE AGREEMENT (the "Amendment") is executed this
7 day of December, 2001 (the "Effective Date") by and between WILLIAMSBURG
RETIREMENT INVESTORS, LTD., A FLORIDA LIMITED PARTNERSHIP (herein called
"Landlord") and SFBC INTERNATIONAL, INC., A DELAWARE CORPORATION (herein called
"Tenant").
RECITALS:
A. Whereas Landlord and Tenant have entered into a lease dated
November 1, 2001 for the South Tower portion of the property located at 00000
Xxxxxxxx Xxxxxxxxx, Xxxxx Xxxxx, Xxxxxxx 00000 (the "Lease"); and
B. Whereas Landlord and Tenant both desire to extend the term of
the Lease from three to ten years, and adjust the rental terms as set forth
below.
NOW, THEREFORE, the parties hereby agree:
1. Section 3.1 of the Lease is hereby amended and shall now read
as follows:
3.1 TERM. The term hereof shall be for Ten (10) years commencing on
November 1, 2001 ("Commencement Date") and ending on October 31, 2011, unless
sooner terminated pursuant to any provision hereof.
2. Section 4.3 of the Lease shall be amended and shall now read
as follows:
4.3 RENT. Tenant shall pay to Landlord as rent for the Property for the
first eighteen months of the lease term, monthly payments of fixed rent in the
amount of Forty Thousand Dollars ($40,000.00) in advance, on or before the first
(1st) day of each month. For the next forty-two months of the lease term, Tenant
shall pay to Landlord as rent for the Property, payments of fixed rent in the
amount of Forty-five Thousand Dollars ($45,000.00) in advance, on or before the
first (1st) day of each month. For the final 60 months of the lease term,
Tenant shall pay to Landlord as rent for the Property, payments of fixed rent in
the amount of Fifty Thousand Dollars ($50,000.00) in advance, on or before the
first (1st) day of each month.
3. The Lease and this Amendment together contain all agreements
of the parties with respect to any matter mentioned herein or in the Lease. No
prior agreement or understanding pertaining to any such matter shall be
effective.
WITNESS: LANDLORD:
WILLIAMSBURG RETIREMENT
INVESTORS, LTD., A FLORIDA
LIMITED PARTNERSHIP
/s/ Xxx X. Xxxxx
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Print Name: Xxx X. Xxxxx By: WILLIAMSBURG RETIREMENT LIVING, INC.,
A FLORIDA CORPORATION, GENERAL PARTNER
By: /s/ Xxxxxx Xxxxxxxx
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Date: 12-7-01
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WITNESS: TENANT:
SFBC INTERNATIONAL, INC., A
DELAWARE CORPORATION
/s/ Xxx X. Xxxxx
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(Signature)
Print Name: Xxx X. Xxxxx
--------------- By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
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Title: President
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Date: 12/7/01
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