exv10w27







Exhibit 10.27




AMENDMENT OF LEASE



     AGREEMENT, made as of the 24th day of September, 1982 by and between 401 PARK
AVENUE SOUTH ASSOCIATES, (hereinafter referred to as “Landlord”), and HEALTH MANAGEMENT SYSTEMS, INC.,
(hereinafter referred to as “Tenant”).




W I T N E S S E T H :




     WHEREAS, Landlord and Tenant entered into an Agreement of Lease (the “Lease”) dated September
24, 1981, covering the premises known as the 4th floor in the building known as 401 PARK
AVENUE SOUTH in the City, County and State of New York; and



     WHEREAS, the parties hereto desire to amend the Lease as follows:




	 	1.	 	The date of the expiration of the term of the Lease is
changed from September 30, 1991 to November 30, 1992.
	 
	 	2.	 	The fixed annual rental for the period October 1, 1991
to November 30, 1992 shall be $192,500 per annum.
	 
	 	3.	 	Article 48 of the Lease is hereby deleted in its
entirety and is replaced with the following:
	 
	 	 	 	“48. (a) In every case in which Tenant is required by the terms of this
Lease to pay the Landlord a sum of money (including, without limitation,
payment of fixed and additional rent) and payment is not made within five
(5) days after the same shall become due, Tenant shall pay as additional
rent hereunder, interest on each sum or so much thereof as shall be unpaid
from the date it becomes due until it is paid. Such interest shall be
computed at a rate which shall be two percent (2%) per month; provided,
however, in no event shall such interest be in excess of the highest rate of
interest which shall from time to time be permitted under the laws of the
State of New York to be charged on late payments of sums of money due
pursuant to the terms of a lease. The minimum interest charge in any and all
instances shall be $100.00.






	 		 	(b) The interest payable pursuant to paragraph (a) above shall be (i)
payable on demand and (ii) without prejudice to any of the Landlord’s rights
and remedies hereunder, at law or in equity for nonpayment or late payment
of rent and other sum and in addition to any such rights and remedies. No
failure by Landlord to insist upon the strict performance by Tenant’s of
Tenant’s obligations to pay interest as provided in this Article shall
constitute a waiver by Landlord of its right to enforce the provisions of
this Article in any instance thereafter occurring. The provisions of this
Article shall not be construed in any way to extend the grace periods or
notice periods provided for in Article 17 of this Lease.”




 









 






	 	4.	 	Article 60 of the Lease in hereby deleted in its
entirety and is replaced with the following:
	 
	 	 	 	“60. Landlord and Tenant acknowledge that Tenant has paid the
4th, 137th and 138th monthly installments
of fixed rent.”
	 
	 	5.	 	Except as heretofore and hereby amended, all of the
terms, conditions and covenants in the Lease, including, without
limitation, the provisions of the Lease relating to additional rent shall
remain in full force and effect.




IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written.




	 	 	 	 	 	 	 

	 	 	401 PARK AVENUE SOUTH ASSOCIATES	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:	 	/s/ Stephen J. Meringoff
 

	 	 
	 	 	 	 	Stephen J. Meringoff,	 	 
	 	 	 	 	General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	HEALTH MANAGEMENT SYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:	 	/s/ Robert Holster
 

	 	 
	 	 	 	 	Robert Holster	 	 
	 	 	 	 	Vice President