Addendum to Lease Agreement for Gamma Knife Unit between Sunrise Hospital and GK Financing, LLC

Summary

This addendum modifies the original lease agreement dated June 3, 1999, between Sunrise Hospital and Medical Center, LLC and GK Financing, LLC for a Gamma Knife medical unit. It updates the terms regarding costs for site preparation and installation, specifying that if the hospital's Gamma Knife program does not meet certain procedure thresholds in its first or second year, GK Financing will reimburse a portion of the installation costs. All other terms of the original lease remain unchanged.

EX-10.32 3 f72318ex10-32.txt LEASE AGREEMENT 1 Exhibit 10.32 ADDENDUM TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT This ADDENDUM TO LEASE AGREEMENT FOR A GAMMA KNIFE UNIT (this "Addendum") is effective December 1, 1998 between Sunrise Hospital and Medical Center, LLC, d/b/a as Sunrise Hospital and Medical Center, a Nevada corporation ("Medical Center"), and GK Financing, LLC, a California limited liability company ("GKF"). RECITALS WHEREAS, on June 3, 1999, GKF and Medical Center executed a Lease Agreement for a Gamma Knife Unit (the "Original Lease"); WHEREAS, the parties desire to amend the terms and provisions of the Original Lease as set forth herein. NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: AGREEMENT 1. DEFINED TERMS. Unless otherwise defined herein, the capitalized terms used herein shall have the same meaning set forth in the Original Lease. 2. COSTS OF SITE PREPARATION; COSTS OF INSTALLATION. Section 4 of the original lease is hereby amended as follows: In the event that Sunrise's Gamma Knife program does not perform at least * procedures in its first year of operation, GKF shall reimburse Sunrise for * of its Gamma Knife installation costs. In the event that Sunrise's Gamma Knife program does not perform at least * procedures in its second year of operation, GKF shall reimburse Sunrise for * of its Gamma Knife installation costs. 3. FULL FORCE AND EFFECT. Except as otherwise amended hereby or provided herein, all of the terms and provisions of the Original Lease shall remain in full force and effect. 2 IN WITNESS WHEREOF, the parties have executed this Addendum effective as of the date first written above. "MEDICAL CENTER" Sunrise Hospital and Medical Center BY: ----------------------------------------- Jerald F. Mitchell, President and Chief Executive Officer "GKF" GK Financing, LLC BY: ----------------------------------------- Craig K. Tagawa, Chief Executive Officer