Document:

Exhibit
10.1.2

 

SIXTH
AMENDMENT TO LEASE

 

THIS SIXTH AMENDMENT TO LEASE made
as of this 27th day of  October, 2004
(hereinafter referred to as this “Amendment”), between ALFRED SANZARI ENTERPRISES, L.P., having an
office c/o Alfred Sanzari Enterprises, Court Plaza North, 25 Main Street, 6th
Floor, Hackensack, New Jersey 07601 (hereinafter referred to as “Landlord”),
and BIO-REFERENCE LABORATORIES, INC.,
a New Jersey corporation, having an office at 481 Edward H. Ross Drive, Elmwood
Park, New Jersey 07407 (hereinafter referred to as “Tenant”).

 

WITNESSETH:

 

WHEREAS, Alfred
Sanzari (Landlord’s predecessor-in-interest), as landlord (hereinafter referred
to as “Sanzari”), and Pharmadyne Laboratories, Inc. (Tenant’s
predecessor-in-interest), as tenant (hereinafter referred to as “Pharmadyne”),
heretofore entered into a certain written Lease dated as of November 7,1978,
wherein and whereby Landlord leased to Tenant, and Tenant hired from Landlord,
certain premises consisting of approximately thirty-one thousand five hundred
twenty-seven (31,527) square feet (hereinafter referred to as the “Original
Premises”) in the building located at 481 Edward H. Ross Drive, in the Borough
of Elmwood Park, County of Bergen and State of New Jersey (hereinafter referred
to as the “Original Building”), as more particularly described therein, for a
term which commenced on March 1,1979, and was scheduled to expire on February 28,
1989, at the Basic Rent and additional rent, and upon the terms, covenants,
conditions, provisions and agreements contained in said Lease; and

 

WHEREAS, said Lease
was modified by that certain First Amendment to Lease dated November 1,
1979, wherein and whereby, inter  alia, Landlord and Tenant
settled certain disputes; and

 

WHEREAS, said Lease
and the interest of Pharmadyne as tenant thereunder, was assigned to CL
Laboratories of New Jersey, Inc. (hereinafter referred to as “CL”), pursuant to
that certain Assignment and Assumption of Lease Agreement dated December 10,
1981; and

 

WHEREAS, said Lease
was further modified by that certain Agreement dated as of March 23, 1988,
wherein and whereby, inter  alia, the Lease and the interest of CL
as tenant thereunder, was assigned to Med-Mobile, Inc. (hereinafter referred to
as “Med- Mobile”), and the term of the Lease was extended for a further period
of five (5) years, commencing on March 1, 1989, and expiring on February 28,
1994; and

 

WHEREAS, said Lease
was further modified by that certain Second Amendment to Lease dated as of March 23,
1988; and

 

WHEREAS, said Lease
was further modified by that Third Amendment to Lease dated January 31,
1992, wherein and whereby, inter  alia, Landlord and Tenant
settled certain defaults by Tenant under the Lease and discontinued litigation
instituted by Landlord against Tenant in connection therewith; and

 

WHEREAS, on or about
November 15, 1989, Med-Mobile changed its name to Tenant; and

 

WHEREAS, said Lease
was further modified by that certain Third Amendment to Lease dated as of February 28,
1994, wherein and whereby, inter  alia, the term of the Lease was
extended for a further period of five (5) years, commencing on March 1,
1994, and expiring on February 28, 1999; and

 

WHEREAS, said Lease
was further modified by that certain Fourth Amendment to Lease dated as of October 9,
1998 (hereinafter sometimes referred to as the “Fourth Amendment to Lease”),
wherein and whereby, inter  alia, the term of the Lease was
extended for a further period of five (5) years, commencing March 1,1999,
and expiring on February 28, 2004, and Landlord leased to Tenant, and
Tenant hired from Landlord, a portion of the building located at 487 Edward H.
Ross Drive, Borough of Elmwood Park, County of Bergen and State of New Jersey
(hereinafter referred to as the “Adjacent Building”), consisting of
approximately twenty-four thousand (24,000) square feet (hereinafter referred
to as the “Additional Space”); and

 

WHEREAS, said Lease
was further modified by that certain Fifth Amendment to Lease dated as of July 16,
2004 (hereinafter sometimes referred to as the “Fifth Amendment to Lease”),
wherein and whereby, inter  alia, the term of the Lease was
extended for a further period of five (5) years, commencing March 1, 2004,
and expiring on February 28,2009, and Landlord leased to Tenant, and
Tenant hired from Landlord, additional space in a portion of the Original
Building, consisting of approximately thirty- one thousand seven hundred forty-
four (31,744) square feet (hereinafter referred to as the “Second Additional
Space”); and

 

WHEREAS, the
Original Premises, the Additional Space and the Second Additional Space are
sometimes hereinafter collectively referred to as the “Premises”; and

 

WHEREAS, said Lease, as so modified, and as the same may have been otherwise
amended and/or modified, is hereinafter collectively referred to as the “Lease”;
and

 

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WHEREAS, Landlord
and Tenant desire to extend the term of the Lease, upon the terms, covenants
and conditions hereinafter set forth; and

 

WHEREAS, Landlord
and Tenant desire to further modify the Lease only in the respects hereinafter
stated.

 

NOW, THEREFORE, in
consideration of the Premises demised by the Lease and the mutual covenants
hereinafter contained, and for other good and valuable consideration paid by
each party to the other, the receipt and adequacy of which is hereby
acknowledged, the parties hereto by these presents covenant and agree as
follows:

 

1. The recital clauses set forth above shall be deemed a part of this
Amendment as though set forth verbatim and at length herein.

 

2. Except as otherwise expressly set forth herein, all capitalized
terms in this Amendment shall have the meanings set forth for such terms in the
Lease.

 

3. Effective as of the later of: (i) the date hereof; or (ii) November 1,
2004 (hereinafter referred to as the “Third Additional Space Commencement Date”):

 

A. (1) Landlord hereby leases to Tenant, and Tenant hereby hires from
Landlord, additional space in the Adjacent Building, consisting of
approximately thirty-five thousand two hundred (35,200) square feet, as shown
on the plan attached hereto and made a part hereof as Schedule “A- 5”
(hereinafter referred to as the “Third Additional Space”).

 

(2) The “Demised Premises” (as defined in Article 1ofthe Lease)
shall be and be deemed to be “(i) the entire Original Building, consisting of
approximately sixty-three thousand two hundred seventy-one (63,271) square
feet, as shown on Schedule “ A “ to the Lease and as shown on Schedule “
A-3 “ attached to the Fifth Amendment to Lease; and (ii) a portion of the
Adjacent Building, consisting of approximately fifty-nine thousand two hundred
(59,200) square feet, as shown on Schedule “ A -1 “ attached to the Fourth
Amendment to Lease and as shown on Schedule “ A-5” attached hereto.

 

B. The “Term” of the Lease (as defined in Paragraph B of Schedule “C”
attached to the Lease), solely with respect to the Third Additional Space,
shall be approximately five (5) years and two (2) months, commencing on the
Third Additional Space Commencement Date, to and including December 31,2009,
inclusive (hereinafter referred to as the “Third Additional Space Expiration
Date”), upon the terms, covenants, conditions, provisions and agreements
contained in the Lease, as modified by this Amendment.

 

4. The following shall be applicable solely with respect to the Third
Additional Space:

 

A. (1) “Basic Rent” (as defined in Paragraph A of Schedule “C”
attached to the Lease) shall be “(i) the sum of Two Hundred Thirty-Seven
Thousand Six Hundred and 00/lOO ($237,600.00) Dollars per annum, payable in
equal monthly installments of Nineteen Thousand Eight Hundred and 00/lOO
($19,800.00) Dollars, for the period commencing on the Third Additional Space
Commencement Date, through and including the Third Additional Space Expiration
Date.”

 

(2) Notwithstanding the foregoing, Landlord agrees that, so long as:
(i) Tenant is not in default under the Lease, as modified by this Amendment;
(ii) the Lease, as modified by this Amendment, is in full force and effect, and
(iii) Tenant is occupying the entire Premises, then Basic Rent for the Third
Additional Space shall abate in full until January 1,2005 and that the
Basic Rent payable hereunder upon the execution of this Amendment shall be
applied against the payment of the Basic Rent due on January 1,2005; it
being understood and agreed by Tenant, that Tenant shall nevertheless be liable
and responsible for the payment of all items constituting “ Ancillary Charges”
(as defined in Paragraph F of Schedule “B” of the Lease) and “additional
rent” (as defined in Paragraph D of Schedule “B” of the Lease), and all
other sums and charges payable by Tenant to Landlord hereunder during the
aforesaid abatement period.

 

(3) “Proportionate Share” (as defined in Paragraph E of Schedule “C”
attached to the Lease) shall be “thirty-seven and fifty-nine hundredths
(37.59%) percent.”

 

(4) The number of parking spaces shall be “one hundred (100%) percent
of the parking area allocated to the rear portion of the Adjacent Building, up
to and including February 28,2009. The number of parking spaces for the
period commencing March I, 2009 through and including December 31,
2009 shall be thirty (30)”, as shown on the plan attached hereto and made a
part hereof as Schedule “A-6”.

 

(5) (i) Notwithstanding anything to the contrary contained herein, so
long as: (i) Tenant is not in default under the Lease, as modified by this
Amendment; (ii) the Lease, as modified by this Amendment, is in full force and
effect; and (iii) Tenant is occupying the entire Premises, then, Basic Rent,
Ancillary Charges and additional rent shall abate in an amount up to and
including Ten Thousand Five Hundred Twenty and 00/100 ($10,520.00) Dollars
(hereinafter referred to as the “Alteration Abatement”), commencing on January 1,2005,
provided that Tenant shall perform alterations, additions and improvements (as
referred to in Article 24 of the Lease) (hereinafter collectively referred
to as “Alterations”), in the calendar year 2005, in an amount equal to a

 

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minimum of the Alteration Abatement amount, including, without
limitation, any and all so-called “hard” and “soft” costs (specifically
including all architectural, engineering and consulting fees, licenses and
permits, and data and telecommunications cabling and wiring, but specifically
excluding, however, Tenant’s furniture, movable trade fixtures, equipment and
personal property, and moving expenses) (hereinafter collectively referred to
as “Alteration Expenses”).

 

(ii) As evidence of such Alteration Expenses, Tenant shall furnish to
Landlord all of the following items: (i) receipted bills or invoices evidencing
itemized expenditures for that portion of the Alterations which have been
performed by Tenant in accordance with the plans and specifications previously
approved by Landlord; (ii) a statement certified by Tenant’s architect or
contractor(s) to the effect that such amounts have been expended for that
portion of the Alterations and that such portion of the Alterations were
completed in accordance with the plans and specifications previously approved
by Landlord, and otherwise in accordance with the provisions of the Lease
(including, without limitation, all applicable laws); (iii) conformed copies of
the unconditional, partial or full waivers of lien, as the case may be,
obtained by Tenant with respect thereto; (iv) conformed copies of any and all
governmental or quasi-governmental “sign-offs” and approvals obtained in
connection therewith (including, without limitation, a temporary or permanent
certificate of occupancy); and (v) a set of ‘‘as-built’’ plans certified by
Tenant’s architect.

 

(iii) It is further understood and agreed by Tenant, in the event the
Alteration Expenses do not equal or exceed the Alteration Abatement amount by December 31,
2005, then Tenant shall reimburse to Landlord the difference between the
Alteration Abatement amount and the Alteration Expenses as additional rent
within ten (10) days of demand therefore.

 

B. Tenant has examined and inspected the Third Additional Space and
agrees to accept the same in the condition in which it exists on the Third
Additional Space Commencement Date. Tenant hereby acknowledges and agrees that
no materials whatsoever are to be furnished by Landlord and no work whatever is
to be performed by Landlord in connection with said Third Additional Space or
any part thereof, except to deliver the mechanical systems servicing the Third
Additional Space in good working order.

 

C. (1) Tenant agrees to perform all work and obtain all approvals and
permits in accordance with plans and specifications to be prepared by Tenant,
at Tenant’s sole cost and expense, and thereafter, delivered to Landlord for
Landlord’s approval, which approval shall not be unreasonably withheld
(hereinafter referred to as “Tenant’s Third Additional Space Work”).

 

(2) Tenant’s Third Additional Space Work shall be performed in
accordance with all applicable laws and in good and workmanlike manner,
utilizing new and first-class materials. Tenant shall obtain and deliver to
Landlord all “sign-offs” and approvals in connection therewith, including,
without limitation, a certificate of occupancy.

 

5. A. Tenant agrees, upon the execution of this Amendment, it shall
deposit with Landlord an additional sum of Fifty-Four Thousand Eighty-Four and
18/lOO ($54,084.18) Dollars (hereinafter referred to as “ Additional Security”),
such that the aggregate amount of Security heretofore deposited by Tenant to
Landlord under the Lease shall be Two Hundred Three Thousand Seven Hundred
Thirty-Nine and 22/100 ($203,739.22) Dollars.

 

B. Tenant hereby affirms that, if Landlord shall have applied all or
any part of the Existing Security (as defined in the Fifth Amendment to Lease),
the Other Security (as defined in the Fifth Amendment to Lease) or the
Additional Security, in accordance with the provisions of the Lease or the
Other Lease (as defined in the Fifth Amendment to Lease), respectively, as the
case may be, Tenant shall replenish any amount so applied, pursuant to the
terms of the Lease and the Other Lease, respectively, as the case may be.

 

6. Tenant hereby represents and warrants to Landlord, that: (i) Tenant
has not dealt with any real estate agent or broker in connection with this
Amendment and/or the Third Additional Space; (ii) that this Amendment was not
brought about or procured through the use or instrumentality of any agent or
broker, and (iii) that all negotiations with respect to the terms of this
Amendment were conducted between Landlord and Tenant. Tenant hereby covenants
and agrees to indemnify and hold Landlord harmless from and against any and all
claims for commissions and other compensation made by any agent or agents
and/or any broker or brokers based on any dealings between Tenant and any agent
or agents and/or broker or brokers, together with all costs and expenses
incurred by Landlord in resisting such claims (including, without limitation,
attorneys’ fees and disbursements).

 

7. A. Except as expressly modified by this Amendment, the Lease and all
the terms, covenants, conditions, provisions and agreements thereof, are hereby
in all respects, ratified, confirmed and approved.

 

B. Tenant hereby affirms that, as of the date hereof, no breach or
default by Landlord has occurred, and that the Lease and all of its terms,
covenants, conditions, provisions and agreements, except as modified by this
Amendment, are in full force and effect, with no defenses or offsets thereto.

 

c. Tenant hereby releases Landlord of and from all liabilities, claims,

 

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controversies, causes of action and other matters of every nature
which, through the date hereof, have or might have arisen out of or in any way
in connection with the Lease and/or the Demised Premises.

 

8. This Amendment and the Lease contains the entire understanding between
the parties with respect to the matters contained herein. No representations,
warranties, covenants or agreements have been made concerning or affecting the
subject matter of this Amendment, except as are expressly contained herein.

 

9. This Amendment may not be changed orally, but only by an agreement
in writing, signed by the party against whom enforcement of any waiver, change,
modification or discharge is sought.

 

10. This Amendment shall be binding upon, and inure to the benefit of
the parties hereto, their respective legal representatives, successors and,
except as otherwise provided in the Lease, as modified by this Amendment, their
respective assigns.

 

11. The submission of this Amendment to Tenant shall not be construed
as an offer, nor shall Tenant have any rights with respect hereto, unless and
until Landlord shall execute a copy of this Amendment and unconditionally
deliver the same to Tenant.

 

12. Tenant hereby represents and warrants to Landlord that; (i) the
execution, performance and delivery by Tenant of this Amendment does not
violate any provisions of its Charter or By-Laws, or any indenture, document,
agreement or other instrument which may be heretofore binding upon Tenant, and
has been fully and validly authorized and approved by any required corporate
action of Tenant; (ii) the obligations of Tenant under this Amendment are
legal, valid, binding and enforceable against Tenant in accordance with its
terms; and (iii) the person executing this Amendment on behalf of Tenant has
the authority to so execute, perform and deliver same.

 

13. Tenant hereby acknowledges and agrees that this Amendment is the
result of extensive negotiations between the parties. This Amendment shall be
construed without regard to any presumption or other rule requiring
construction against the party causing this Amendment to be drafted or
prepared.

 

14. A determination that any provision of this Amendment is void,
unenforceable or invalid shall not affect the enforceability or validity of any
other provision, and any determination that the application of any provision of
this Amendment to any person or to particular circumstances is illegal or
unenforceable shall not affect the enforceability or validity of such provision
as it may apply to other persons or circumstances.

 

15. Tenant hereby acknowledges and agrees that Landlord’s remedies are
cumulative, and that mention of a particular remedy in this Amendment, does not
preclude Landlord from exercising any and all other rights and remedies
available to it, whether herein, under the Lease or otherwise, whether at law
and/or in equity.

 

16. This Amendment may be executed in one or more counterparts, each of
which, when so executed and delivered, shall be deemed original, but all of
which taken together shall constitute but one and the same instrument.

 

17. This Amendment may be executed by facsimile transmission and shall
be deemed to have been executed and delivered by each party on the date so
transmitted to the other party, and in such event, each party will promptly
furnish to the other party, an original counterpart hereof executed by such
party.

 

18. The validity, performance and enforcement of this Amendment s
governed by and construed in accordance with the laws of the State of New Jersey  without
regard to conflicts of law principles.

 

IN WITNESS WHEREOF,
the parties hereto have respectively executed this Sixth Amendment to Lease as
of the day and year first written above.

 

	
  ALFRED SANZARI ENTERPRISES (Landlord)

  
	
   

  
	
  By: Alfred Sanzari Enterprises, Inc.

  
	
   

  	
  its General Partner

  
	
   

  
	
  By:

  	
  s/ David Sanzari

  	
   

  
	
  Name: David Sanzari

  
	
  Title: President

  
	
   

  
	
  BIO-REFERENCE LABORATORIES, INC.

  
	
   

  	
  (Tenant)

  
	
   

  
	
  By:

  	
  s/ Warren Erdmann

  	
   

  
	
  Name: Warren Erdmann

  
	
  Title: Vice-President

  
						

 

4Exhibit
10.3.2

 

AMENDMENT NO. 2

 

TO

 

EMPLOYMENT AGREEMENT

 

AMENDMENT NO. 2
dated as of January 7, 2004 to an EMPLOYMENT
AGREEMENT entered into as of May 1, 1997 between Bio-Reference
Laboratories, Inc., a New Jersey corporation (“the Company”) and Howard Dubinett
(“Employee”) and previously amended as of November 1, 2002 by Amendment
No. 1 (the Employment Agreement and Amendment No. 1 collectively referred to as
the “Agreement”).

 

WITNESSETH:

 

WHEREAS
the parties executed the Employment Agreement as of May 1, 1997 providing for
the employment by the Company of the Employee as Executive Vice President and
Chief Operating Officer of the Company through October 31, 2002; and

 

WHEREAS pursuant to Amendment No. 1 executed as of November 1,
2002, the parties amended the Employment Agreement to extend the term
for two years, to grant the Company the option to extend the Agreement for up
to two additional consecutive one-year periods, to modify the compensation
terms and to effect other changes; and

 

WHEREAS the parties
hereby agree to amend the Agreement to extend the term for two additional years
and to grant the Company the option to renew the Agreement for an additional
year for the compensation and on the terms herein set forth:

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained herein and
intending to be legally bound hereby, the parties hereto agree to amend the
Agreement as follows:

 

A.            “1. Terms of Employment.”
The “Expiration Date” as set forth in this section is extended to October 31,
2006.

 

B.            “2. Renewal.” This section is
hereby amended to read in its entirety as follows:

 

“2. Renewal.
This Agreement will automatically renew for an additional one year period;
provided that the Company, at its sole option, may elect not to continue the
Agreement after the Expiration Date, by written notice to the Employee no less
than one (1) month before the Expiration Date.

 

C. “4. Compensation.”
The “Base Compensation” as set forth in paragraph (a) of this section in
each year of the extension period shall be not less than the salary and bonus
authorized for the Employee by the Company’s Compensation Committee with
respect to the Company’s 2002 fiscal year. In view of the possibility that
future payments of premiums by the Company under the “Split Dollar” Life
Insurance program referred to in paragraph (b) of this section could be
deemed an extension of credit prohibited by the Sarbanes- Oxley Act of 2002, it
is agreed that the program will be modified pursuant to an Endorsement
Split-Dollar Life Insurance Agreement in which the Company will be the owner of
the policies on terms which have been agreed to by the parties. The provisions
of paragraph (g) of this section concerning increases in Base Compensation
based upon percentage increases in the Consumer Price Index shall continue to
be applicable with respect to each year that the Agreement as extended
(including any renewal year if applicable) is in effect.

 

D. “5. Issuance of
Stock and Options.” This provision under the
Agreement has been fully satisfied in that the stock issued pursuant to
paragraph (a) has been issued to the Employee and is no longer forfeitable and
the ISOs referred to in paragraph (b) have also been issued to the Employee.

 

E.  Other Provisions.
Except as specifically modified or amended herein, the parties hereto hereby
reaffirm each provision of the Agreement as of the date hereof.

 

F. Consideration.
In consideration for the Employee extending the Expiration Date of the
Agreement to October 31, 2006 and granting the Company the option to renew
the Agreement for an additional year to October 31, 2007, the Company
agrees to pay the sum of Sixty Thousand ($60,000) Dollars to the Employee.

 

1

 

IN WITNESS WHEREOF,
the undersigned have each duly executed this Amendment No. 2 to the Agreement
as of the date first above written.

 

 

	
   

  	
  COMPANY:

  
	
   

  	
  Bio-Reference Laboratories, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By 

  	
      s/ Marc
  Grodman

  	
   

  
	
   

  	
   

  	
  Marc Grodman, President

  
	
   

  	
   

  	
  Duly Authorized

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EMPLOYEE:

  
	
   

  	
   

  
	
   

  	
   

  	
  /s/ Howard Dubinett

  	
   

  
	
   

  	
   

  	
  Howard Dubinett

  
								

 

2

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