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Exhibit 10.14

FIRST AMENDMENT TO LEASE AGREEMENT
(Expansion)

        This First Amendment to Lease Agreement (this "Amendment") is dated to
be effective as of the 30th day of December, 2002, by and between LIT PC, L.P. a
Delaware limited partnership as successor in interest to PRUCROW INDUSTRIAL
PROPERTIES, L.P., a Delaware limited partnership ("Landlord"), and
HEALTHTRONICS, INC., a Georgia corporation ("Tenant").

R E C I T A L S

        A.    Landlord and Tenant entered into that certain Lease Agreement
dated January 27, 2000 (the "Lease"), whereby Landlord leases to Tenant certain
premises containing approximately 27,475 rentable square feet (the "Premises")
in that certain Building (the "Building") of West Oak Center (the "Project") in
Marietta, Georgia, as more particularly described in the Lease.

        B.    Landlord and Tenant now desire to amend the Lease to provide for,
among other things, an expansion to the size of the Premises, and an increase in
the monthly Base Rent.

        C.    All capitalized terms used herein and not defined herein shall
have the meanings assigned thereto in the Lease.

        Now therefore, in consideration of the covenants and obligations
contained herein, Landlord and Tenant agree as follows:

A G R E E M E N T S

        1.    Expansion.    Commencing on the date on which Profiit Recovery
Group ("PRG") vacates the space that will become the Expanded Premises (defined
below), pursuant to that certain Termination Agreement between Landlord and PRG,
dated December 16, 2002 (the "Expansion Date"), the Premises shall be expanded
to include the additional 15,112 square feet adjacent to the Premises, as
depicted on Exhibit A attached hereto (the "Expanded Premises") for a total of
42,587 square feet. From and after the Expansion Date, all references in the
Lease to the "Premises" shall be deemed to include, and shall apply equally to,
the Expanded Premises.

        2.    Base Rent.    Commencing on the Expansion Date and continuing
until the expiration of the Lease Term, the monthly Base Rent shall be as
follows and shall be payable in accordance with all terms and conditions of the
Lease:

Months (following Expansion Date)

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  Monthly Base Rent

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Expansion Date through Month 3   $ 26,085 Months 4-12   $ 26,867 Months 13-24  
$ 27,673 Months 25-36   $ 28,503 Months 37-48   $ 29,358 Months 49-Expiration
Date   $ 30,239

        3.    Operating Expenses.    Commencing on the Expansion Date, Tenant's
Proportionate Share for purposes of determining Operating Expenses and other
expenses reimbursable to Landlord pursuant to the terms of the Lease shall be
increased to 70.97% of the Building and 19.31% of the Project, subject to
further adjustment as provided in the Lease.

        4.    Expansion Improvements.    

        (a)  Subject to Landlord's receipt of all required governmental permits,
licenses and approvals, Landlord agrees to furnish or perform or cause to be
performed those items of

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construction and those improvements generally set forth below ("Expansion
Improvements"), which Expansion Improvements shall be more particularly
determined in the Plans and Specs:

•Paint and carpet as shown on Plans and Specs

•Three offices as shown on Plans and Specs

•Two hallways between Premises and Expanded Premises as shown on Plans and Specs

•The Expansion Improvements shall specifically exclude installation of
telephone, computer, and security systems, and installation of any fire alarm
system and/or fire extinguishers.

        (b)  Landlord shall pay for the Expansion Improvements up to a maximum
amount of $80,000 (the "Expansion Allowance"). In the event the cost of the
Expansion Improvements exceeds the Expansion Allowance, such overage shall be
borne exclusively by Tenant and Tenant shall, within five (5) days after written
demand therefor, reimburse Landlord for any and all costs and expenses exceeding
the Expansion Allowance. Landlord makes no representation or warranty whatsoever
as to the total cost of the Expansion Improvements and Tenant acknowledges that
the cost of the Expansion Improvements may exceed the Expansion Allowance. The
cost of the Expansion Improvements shall include all construction,
architectural, space planning, design and engineering fees, costs of ADA
compliance and any and all licensing or permit fees, and a construction
management fee equal to 5% of the approved contractor's bid. Failure of Tenant
to pay to Landlord any amount in excess of the Expansion Allowance when due
shall be deemed an Event of Default under the Lease.

        (c)  Landlord shall involve Tenant in the process of developing final
plans and specifications (the "Plans and Specs") for the Expansion Improvements,
such Plans and Specs not to require any construction beyond the general scope of
the Expansion Improvements described herein. Final Plans and Specs shall be
submitted to Tenant for its approval, such approval not to be unreasonably
withheld or delayed. If Tenant does not advise Landlord in writing of its
disapproval of the Plans and Specs, and a detailed explanation of the reasons
therefor, within ten (10) days after Landlord's delivery of the Plans and Specs,
the same shall be deemed approved by Tenant in all respects. If Tenant shall
desire any changes, Tenant shall so advise Landlord in writing and Landlord
shall determine whether such changes can be made in a reasonable and feasible
manner. If Landlord agrees to make such reasonable changes, Landlord shall
revise the Plans and Specs and resubmit the same to Tenant for its reasonable
approval. If Tenant does not advise Landlord in writing of its disapproval of
the revised Plans and Specs, and a detailed explanation of the reasons therefor,
within five (5) days after Landlord's delivery of the revised Plans and Specs,
the same shall be deemed approved by Tenant in all respects. Any and all costs
of reviewing any requested changes, and any and all costs of making any changes
to the Expansion Improvements which Tenant may request and which Landlord may
agree to shall be at Tenant's sole cost and expense and if Landlord so requests,
shall be paid to Landlord upon demand and before execution of the change order.

        (d)  Upon receipt of all required permits, approvals and licenses,
Landlord shall proceed with and complete the construction of the Expansion
Improvements. After completion of the Expansion Improvements, Tenant shall, upon
demand, execute and deliver to Landlord a letter of acceptance of delivery of
the Expanded Premises.

        (e)  The failure of Tenant to take possession of or to occupy the
Expanded Premises shall not serve to relieve Tenant of obligations arising on
the Expansion Date or delay the payment of rent by Tenant. Subject to applicable
ordinances and building codes governing Tenant's right to occupy or perform work
in the Expanded Premises and Landlord's prior written approval, Landlord may
allow Tenant to install its machinery, equipment, fixtures, or other personal
property on the Expanded Premises during the final stages of completion of
construction provided that Tenant does

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not thereby interfere with the completion of construction or cause any labor
dispute as a result of such installations. In the event of Tenant's entry and/or
work in or about the Expanded Premises during the final stages of completion of
construction, Tenant does hereby agree to assume all risk of loss or damage to
its machinery, equipment, fixtures, and other personal property and to
indemnify, defend, and hold Landlord harmless from any loss or damage to such
property, and all liability, loss, or damage arising from any injury to the
Project or the property of Landlord, its contractors, subcontractors, or
materialmen, and any death or personal injury to any person or persons arising
out of Tenant's installations, whether or not any such loss, damage, liability,
death, or personal injury was caused by Landlord's negligence. Delay in putting
Tenant in possession of the Expanded Premises shall not serve to extend the term
of this Lease or to make Landlord liable for any damages arising therefrom.
Notwithstanding the foregoing, Landlord shall use commercially reasonably
efforts to minimize interference with Tenant's operation of its business in the
Premises during the construction of the Expanded Premises.

        (f)    Except for completion of the Expansion Improvements and
incomplete punch list items, upon the Expansion Date, Tenant shall have and hold
the Expanded Premises as the same shall then be without any liability or
obligation on the part of Landlord for making any further alterations or
improvements of any kind in or about the Premises or Expanded Premises.

        (g)  Tenant acknowledges that it shall be solely responsible for moving
its personal property and operations located within the Premises to an adequate
distance away from the area of Landlord's construction of the Expansion
Improvements in order to protect such property and operations.

        5.    Brokers.    

        (a)  Tenant represents and warrants that it has dealt with no broker,
agent or other person in connection with this transaction and that no broker,
agent or other person brought about this transaction other than Advantis GVA,
and Tenant agrees to indemnify and hold Landlord harmless from and against any
claims by any other broker, agent or other person claiming a commission or other
form of compensation by virtue of having dealt with Tenant with regard to this
leasing transaction.

        (b)  All parties hereto acknowledge that Advantis GVA has acted on
behalf of Tenant and that Trammell Crow Company has acted on behalf of Landlord
with respect to this Amendment. Following mutual execution and delivery of this
Amendment, Landlord will pay a commission to Advantis GVA and Trammell Crow
Company pursuant to separate commission agreements.

        6.    HVAC.    Notwithstanding anything to the contrary contained in the
Lease or this Amendment, if any of the HVAC units in the Expanded Premises
require repair, maintenance or replacement, Tenant shall be pay up to a maximum
of $600.00 per unit, per each occurrence of repair, maintenance or replacement
for such unit ("HVAC Cap"); provided, however, if the repair, maintenance or
replacement is due to Tenant's negligence or willful misconduct, such HVAC Cap
shall not apply and Tenant shall be responsible for all of the costs incurred in
connection with such repair, maintenance or replacement. In the event the cost
to repair, maintain or replace any HVAC unit exceeds the HVAC Cap (and Tenant is
not responsible for any amounts above the HVAC Cap, as provided above), such
overage shall be borne exclusively by Landlord.

        7.    No Other Changes.    Except as modified herein, all terms and
conditions of the Lease shall remain unchanged and in full force and effect.

        [SIGNATURES ON FOLLOWING PAGE]

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        THIS FIRST AMENDMENT TO LEASE AMENDMENT is dated to be effective as of
the date first written above.

    TENANT:
 
 
HEALTHTRONICS, INC., a Georgia corporation
 
 
By:
 
/s/  VICTORIA W. BECK      

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    Name:   Victoria W. Beck

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    Title:   Executive Vice President

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LANDLORD:
 
 
LIT PC, L.P., a Delaware limited partnership
 
 
By:
 
LIT PC REALTY, L.L.C., a Delaware limited liability company, its general partner

 
 
By:
 
Lion Industrial Properties, L.P., a Delaware limited partnership, its sole
member

 
 
By:
 
Lion GP Sub, LLC, a Delaware limited liability company, its sole general partner

 
 
By:
 
Lion Industrial Trust, a Maryland real estate investment trust, its manager

 
 
By:
 
/s/  ANDY SITZER      

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    Name:   Andy Sitzer

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    Title:   Vice President

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Exhibit A

Expanded Premises

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Exhibit 10.14