exv10w81









Exhibit 10.81




Executive Park West II

4720 Gettysburg Rd.

Mechanicsburg, PA 17055




Second Addendum to Lease Agreement



This Second Addendum is made as of the 13th day of April, 2009, by and between Old Gettysburg
Associates II, LP, a (“Landlord”), and Select Medical Corporation, a (“Tenant”).




BACKGROUND:





	A.	 	Landlord and Tenant are parties to that certain Office Lease Agreement dated March 19, 2004
(as amended by the First Addendum dated April 1, 2009 thereto, the “Lease”) pursuant to which
Landlord leased to Tenant, and Tenant leased from Landlord, approximately 2,579 rentable
square feet of space known as Suite 304 (3rd floor, front right side of building)
in the building located at 4720 Gettysburg Rd., Mechanicsburg, Pennsylvania. All capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in the Lease.






	B.	 	Landlord and Tenant now desire to amend the Lease as hereinafter set forth.




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:





Effective on May 1, 2009, the following terms contained in the Basic Lease shall be
amended as follows:




	 	1.	 	Tenant desires to extend the lease for 2,579 rentable square feet in suite 304
to December 31, 2014.
	 
	 	2.	 	Commencing on May 1, 2009, the Annual Base Rental Rate shall be $21.00 per rentable
square foot. Monthly payments of Annual Base Rental Rate beginning on such date will be
$4,513.25.
	 
	 	3.	 	The Annual Base Rental Increase, commencing on May 1, 2010 and on May 1 of each
subsequent year of the term, will be calculated by multiplying the Annual Base Rental then
in effect by a fraction, the numerator of which shall be the Consumer Price Index for the
full calendar year most recently ended (“Last Full Calendar Year”), and the denominator of
which shall be the Consumer Price Index for the full calendar year immediately preceding
the Last Full Calendar Year. For the purposes hereof the term “Consumer Price Index”
shall be deemed to mean the Consumer Price Index for all urban consumers published by the
Bureau of Labor Statistics of the United States Department of Labor (“US DOL”) for U.S.
City Average, All Items (1982-84 = 100). For example, if the Annual Base Rental Increase
was being determined on May 1, 2009, the numerator would be 215.303 (2008), the
denominator would be 207.342 (2007) and the Annual Base Rental Increase would be 3.8%.





 









 




All other terms and conditions contained in the Lease and not amended hereby remain in full force
and effect.



IN WITNESS WHEREOF, Landlord and Tenant have caused this Second Addendum to be duly executed.




	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Landlord: Old Gettysburg Associates II, LP	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS:

	 	 	 	 	 	By:
	 	/s/ John Ortenzio	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 	 	 	 	 	 	Select Capital
Commercial Properties, Inc.	 	 
	 	 	 	 	 	 	John Ortenzio, President	 	 
	 	 	 	 	 	 	Agent for Owner	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Dated:
	 	May 21, 2009
 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Tenant:
	 	Select Medical Corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ATTEST:

	 	/s/ James J. Talalai
	 	 	 	By:
	 	/s/ Michael E. Tarvin	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 
	 	 
	 

	 	 	 	 	 	 	 	Michael E. Tarvin
 

	 	 
	 

	 	 	 	 	 	 	 	(Print name)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	James J. Talalai
	 	 	 	Title:
	 	Executive Vice President	 	 
	 
	 	 
 	 	 	 	 	 	 
 	 	 
	 

	 	 	 	 	 	Dated:
	 	5/21/09