Fourth Addendum to Lease Agreement between Old Gettysburg Associates and Select Medical Corporation

Summary

This agreement is an amendment to an existing office lease between Old Gettysburg Associates (landlord) and Select Medical Corporation (tenant) for space at 4718 Old Gettysburg Road, Mechanicsburg, PA. Effective September 1, 2001, the leased space is reduced by 175 square feet, and the monthly rent is adjusted accordingly. The amendment specifies the new rent amounts for the following months and confirms that all other terms of the original lease remain unchanged.

EX-10.57 7 dex1057.txt FOURTH ADDENDUM TO LEASE AGREEMENT Exhibit 10.57 Old Gettysburg Associates 4718 Old Gettysburg Road Mechanicsburg, PA 17055 Fourth Addendum to Lease Agreement ---------------------------------- THIS FOURTH AMENDMENT (this "Fourth Amendment") is made as of the 1st day of September, 2001, by and between OLD GETTYSBURG ASSOCIATES, a Pennsylvania general partnership ("Landlord"), and SELECT MEDICAL CORPORATION, a Delaware corporation ("Tenant"). BACKGROUND: A. Landlord and Tenant are parties to that certain Office Lease Agreement dated June 15, 1999 (as amended by the First, Second and Third Addenda thereto, the "Lease"), pursuant to which Landlord leased to Tenant, and Tenant hired from Landlord, approximately 12,400 rentable square feet of space in the building located at 4718 Old Gettysburg Road, Mechanicsburg, Pennsylvania. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Lease. B. On August 31, 2001, Tenant desires to surrender possession of 175 square feet of space which is located on the 4th floor of the Premises, and Landlord desires to accept possession of such space. Therefore, Tenant and Landlord now desire to amend the Lease to reflect a reduction in the size of the Premises by 175 square feet. NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and intending to be legally bound hereby, Landlord and Tenant agree as follows: 1. From and after September 1, 2001, the Premises will consist of 12,225 square feet of space rather than 12,400 square feet of space. Monthly rent will be $19,184.62 payable on September 1, 2001 and October 1, 2001. Monthly rent will be $18,372.37 (i.e., to provide a credit of $541.50 for over-payments during September and October 2001) payable on November 1, 2001. Monthly rent will be $18,913.87 payable on December 1, 2001 and thereafter until it is increased as provided in the Lease. 2. All other terms and conditions contained in the Lease not amended hereby remain in full force and effect. IN WITNESS WHEREOF, Landlord and Tenant have caused this Fourth Amendment to be duly executed as of the day and year first above written. Landlord: OLD GETTYSBURG ASSOCIATES a Pennsylvania general partnership By: /s/ Michael E. Salerno ------------------------------- Michael E. Salerno Agent for Owner Tenant: SELECT MEDICAL CORPORATION, a Delaware corporation By: /s/ Michael E. Tarvin ------------------------------- Michael E. Tarvin, Senior Vice President