THIS LEASE, is made, executed and delivered as of this 14 day of February, 1996, between FARMACIA
SANTURCE, of Puerto Rico, (the "Landlord") and TRANSWORLD HEALTHCARE PUERTO RICO, INC.,
of Jacksonville, Florida (the "Tenant").
In consideration of the mutual covenants in this Lease, the parties agree as follows:
1. The Leased Premises.
The Landlord leases to the Tenant, and the Tenant rents from the Landlord upon the terms and conditions
contained in this Lease, the land and building and a street address of Hipodromo Esq. San Rafael #1400
Santurce, PR 00909, owned by Landlord and more specifically described on Exhibit A attached hereto (the
"Leased Premises"). Tenant has inspected the Leased Premises and accepts the same in the present condition,
subject to completion of repairs as set forth in paragraph 4(c). Except as otherwise set forth herein, Landlord
makes no representations of warranties, implied or otherwise, with respect to the condition of the Leased
This Lease has a Term of one (1) year beginning at 12:01 a.m., February 1, 1996 (the "Commencement Date"),
and ending at midnight, January 31, 1997, unless this Lease is sooner terminated under the provisions of this
Lease. The Landlord shall give the Tenant possession of the leased Premises on the first day of the Term. Tenant
shall have the option to renew the Lease for an additional term of one (1) year upon the same terms and
conditions, with not less than thirty (30) days prior written notice of intention to renew. Tenant may terminate this
Lease at any time upon ninety (90) days notice, which notice shall be effective not less than six (6) months from
the commencement day of the Lease.
The Tenant shall pay rent in the amount of Fifteen Thousand and 00/100 Dollars ($15,000.00) per year, payable
in equal monthly payments of One Thousand Two Hundred Fifty and 00/100 Dollars ($1,250.00), in advance,
on the first day of the month beginning on the commencement date and continuing on the same d