LEASE EXTENSION AND MODIFICATION AGREEMENT
This Lease Extension and Modification Agreement (this "Agreement") is made as of the 30 day of August, 1997,
by and between RAMAPO CORPORATE PARK
ASSOCIATES, a New York general partnership, having an office at 100 Red Schoolhouse Road, Chestnut
Ridge, New York 10977-6715 ("Landlord") and PAR PHARMACEUTICAL, INC., a New Jersey
corporation, having an office at One Ram Ridge Road, Chestnut Ridge, New York 10977 ("Tenant").
A. Landlord and Tenant (by its predecessor-in-interest) have entered into a certain lease (the "Original Lease")
dated as of January 1, 1993, relating to certain space in the buildings (the "Building") located at and known as
100 Red Schoolhouse Road, Chestnut Ridge, New York (the "Original Leased Premises").
B. By its terms, the Original Lease expires as of December 31, 1997.
C. The Tenant has (a) exercised its rights pursuant to Section 1.2 of the Original Lease to extend the term of the
Original Lease solely as to that portion of the Original Demised Premises shown as attributed to "Par" on the
exhibit annexed hereto as Exhibit A (the "New Leased Premises"), (b) agreed to surrender to the Landlord the
remaining portion of the Original Leased Premises, and (c) agreed to certain other modifications of the Original
D. Landlord and Tenant have agreed to modify the Lease as set forth herein.
NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto do hereby agree as follows:
(a) Except as herein modified, all capitalized terms used in this Agreement shall have the same meanings as set
forth in the Original Lease.
(b) From and after the Effective Date (hereinbelow defined) the following terms used in the Lease or in this
Agreement shall have the following meanings:
(i) "Base Rent" shall mean the following annual amounts, payable in equal monthly ins