EXHIBIT 10.13
FIFTH AMENDMENT TO LEASE
THIS
FIFTH AMENDMENT TO LEASE (this “Amendment”) is made as
of the Amendment Date (as hereinafter defined) by and between TOWER
PLACE, L.P., a Georgia limited partnership (“Landlord”)
and QUALITY SYSTEMS, INC., a California corporation
(“Tenant”).
RECITALS
Landlord
and Tenant have previously entered into that certain Tower Place
Office Lease dated November 15, 2000, as amended by that certain
First Amendment of Lease dated August 12, 2003, as further amended
by that certain Second Amendment of Lease dated October 1, 2003, as
further amended by that certain Third Amendment of Lease dated June
9, 2004, and as further amended by that certain Fourth Amendment of
Lease dated September 22, 2005 (collectively, the
“Lease”) for the lease of approximately 24,112 rentable
square feet of space, more commonly known as Suite 2700 Tower
Place, 3340 Peachtree Road, NE (the “Premises”) located
within Tower Place, Atlanta, Fulton County, Georgia.
Landlord
and Tenant desire to amend the Lease as more particularly set forth
below.
NOW,
THEREFORE, for and in consideration of Ten and No/100 Dollars
($10.00) and other good and valuable consideration in hand paid by
each party hereto to the other, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto do hereby agree
as follows:
1.
Definitions. All
capitalized terms used herein but undefined shall have the meaning
as defined in the Lease. For purposes of the Lease, and this
Amendment, the following term shall mean the following:
“Landlord
Entities” shall mean Landlord, Landlord’s investment
manager, and the trustees, boards of directors, officers, general
partners, beneficiaries, stockholders, employees and agents of each
of them.
2.
Expansion Space.
Commencing on the earlier of (a) May 1, 2007 or (b) the date that
Tenant occupies the Expansion Space (the “Expansion Effective
Date”), the Premises shall be expanded to also include that
certain additional space as more particularly described on
Exhibit “A” attached hereto and incorporated
herein by reference (the “Expansion Space”) containing
approximately 10,671 rentable square feet located on the twentieth
(20 th ) floor of the Building. Commencing on the
Expansion Effective Date, the Premises shall be defined as the
original Premises described in the Lease and the Expansion
Space.
3.
Expansion Space
Improvements Landlord shall make improvements to the Expansion
Space as more particularly described on Exhibit
“B” attached hereto and incorporated herein by
reference.
4.
Stipulated Square
Footage (Building). Commencing on the Expansion Effective Date,
the Stipulated Square Footage of the Building (as defined in
Section 1.1(f) of the Lease) shall be an agreed upon 611,713
rentable square feet.
5.
Change in
Tenant’s Share. Commencing on Expansion Effective Date,
Tenant’s Share (as defined in Section 1.l(k) of the Lease)
shall be increased to 5.69%.
6. Change in Base
Year. Commencing on the Expansion Effective Date, the Base Year
for the Expansion Space only shall be calendar year
2007.
7.
Rent.
(a) As
of the Expansion Effective Date, the Base Rental for the Expansion
Space shall be payable according to the following
schedule:
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Period
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Rentable
Square
Footage
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Annual Base
Rental
Per Square Foot
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Annual Base
Rental
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Monthly Installment
of Base Rental
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from
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through
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05/01/2007
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04/09/2008
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10,671
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$
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24.50
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$
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261,439.56
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$21,786.63
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04/10/2008
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04/09/2009
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10,671
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$
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25.24
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$
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269,336.04
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$22,444.67
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04/10/2009
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04/09/2010
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10,671
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$
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26.00
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$
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277,446.00
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$23,120.50
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04/10/2010
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04/09/2011
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10,671
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$
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26.77
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$
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285,662.64
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$23,805.22
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04/10/2011
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10/31/2011
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10,671
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$
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27.57
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$
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294,199.44
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$24,516.62
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(b) All
Rent payable by Tenant shall be paid to Landlord at the following
address:
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If by U.S.
Mail:
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Tower Place,
L.P.
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75
Remittance Drive
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Suite
6706
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Chicago, IL
60675-6706
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If By Wire
Transfer:
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The Northern
Trust Company
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50 South
LaSalle Street
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Chicago, IL
60675
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ABA No.:
071-000-152
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For Credit
to:
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Tower Place,
L.P. Lockbox Account
a Property of Tower Place, L.P.,
by RREEF Management Company
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Account
No.:
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2726769
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8. Insurance.
Section 4.10 of the Lease is hereby deleted in its entirety and the
following is hereby substituted therefor:
(a) Tenant
shall keep in force throughout the Term: (a) a Commercial General
Liability insurance policy or policies to protect the Landlord
Entities against any liability to the public or to any invitee of
Tenant or a Landlord Entity incidental to the use of or resulting
from any accident occurring in or upon the Premises with a limit of
not less than $1,000,000 per occurrence and not less than
$2,000,000 in the annual aggregate, or such larger amount as
Landlord may prudently require from time to time, covering bodily
injury and property damage liability and $1,000,000
products/completed operations aggregate; (b) Business Auto
Liability covering owned, non-owned and hired vehicles with a limit
of not less than $1,000,000 per accident; (c) Workers’
Compensation Insurance with limits as required by statute and
Employers Liability with limits of $500,000 each accident, $500,000
disease policy limit, $500,000 disease—each employee; (d) All
Risk or Special Form coverage protecting Tenant against loss of or
damage to Tenant’s alterations, additions, improvements,
carpeting, floor coverings, panelings, decorations, fixtures,
inventory and other business personal property situated in or about
the Premises to the full replacement value of the property so
insured.
(b) The
aforesaid policies shall (a) be provided at Tenant’s expense;
(b) name the Landlord Entities as additional insureds (General
Liability) and loss payee (Property—Special Form); (c) be
issued by an insurance company with a minimum Best’s rating
of “A-:VII” during the Term; and (d) provide that said
insurance shall not be canceled unless thirty (30) days prior
written notice (ten days for non-payment of premium) shall have
been given to Landlord; a certificate of Liability insurance on
ACORD Form 25 and a certificate of Property insurance on ACORD Form
28 shall be
2
delivered to
Landlord by Tenant upon the Commencement Date and at least thirty
(30) days prior to each renewal of said insurance.
(c)
Whenever Tenant shall undertake any alterations, additions or
improvements in, to or about the Premises (“Work”) the
aforesaid insurance protection must extend to and include injuries
to persons and damage to property arising in connection with such
Work, without limitation including liability under any applicable
structural