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SECOND AMENDMENT TO SERVICE CENTER LEASE

Lease Agreement

SECOND AMENDMENT TO SERVICE CENTER LEASE | Document Parties: QUALITY SYSTEMS INC | Lackland Acquisition II, LLC | Lincoln National Life Insurance Company | St Louis, LLC | TM Properties, LLC You are currently viewing:
This Lease Agreement involves

QUALITY SYSTEMS INC | Lackland Acquisition II, LLC | Lincoln National Life Insurance Company | St Louis, LLC | TM Properties, LLC

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Title: SECOND AMENDMENT TO SERVICE CENTER LEASE
Date: 6/12/2008
Industry: Software and Programming     Sector: Technology

SECOND AMENDMENT TO SERVICE CENTER LEASE, Parties: quality systems inc , lackland acquisition ii  llc , lincoln national life insurance company , st louis  llc , tm properties  llc
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EXHIBIT 10.32

 

SECOND AMENDMENT TO SERVICE CENTER LEASE

          This Second Amendment to Service Center Lease (“Amendment”) is made and entered into this 17th day of August, 2005, by and between TM Properties, L.L.C., successor to The Lincoln National Life Insurance Company (“Landlord”) and Lackland Acquisition II, LLC as (“Tenant”).

          WHEREAS, Landlord and Tenant entered into that certain Service Center Lease dated November 28, 2001 (“Lease”), whereby Tenant leased those certain premises containing approximately 30,705 square feet in Suites 1828, 1836A, 1836B, and 1842 (“Leased Premises”) at the building known as Meadows Corporate Center II, located at Lackland Hill Parkway, St. Louis, Missouri, 63146 (“Building”); and,

          WHEREAS, Landlord and Tenant entered into the First Amendment to Service Center Lease dated August 17, 2005, whereby Tenant leased an additional 9,361 square feet being Suite 1884-7 at the building known as Meadows Corporate Center IV; and,

          WHEREAS, the Landlord and Tenant entered into an Assignment of Lease dated August 17, 2005, whereby Tenant assumed the rights and obligations of Suite 1884-4 at the building known as Meadows Corporate Center IV at Lackland Hill Parkway, St. Louis, Missouri 63146 containing approximately 6,295 square feet, from the lease dated November 28, 2001 by and between InfoNow Solutions of St. Louis, LLC and TM Properties, L.L.C., successor to The Lincoln National Life Insurance Company (“Landlord”); and,

          WHEREAS, the Landlord and Tenant desire to extend the term of the Lease for Suite 1884-4 at Meadows Corporate Center IV and Suites 1828, 1836A, 1836B, and 1842, at Meadows Corporate Center II and to modify and amend certain terms and conditions of the Lease as hereinafter provided.

          NOW, THEREFORE, in consideration of the Leased Premises and mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Tenant and Landlord agree as follows:

          1.          Recitals . The recitals set forth above are incorporated herein by this reference with the same force and effect as if fully set forth hereinafter.

          2.           Capitalized Terms . Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Lease.

          3.           Extended Term. The Lease regarding Suite 1884-4 at the building known as Meadows Corporate Center IV, has an Expiration Date of August 31, 2006. The Lease regarding Suites 1828, 1836A, 1836B, and 1842, at the building known as Meadows Corporate Center II, has an Expiration Date of August 31, 2008. The Expiration Date of the Lease is hereby extended to the date which coincides with the expiration date of Suite

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1884-7 at the building known as Meadows Corporate Center IV, as outlined in the First Amendment to Service Center Lease dated August 17, 2005 between TM Properties, LLC and Lackland Acquisition II, LLC. Such Expiration Date is anticipated to be September 30, 2010 and will be confirmed by the execution of the Certificate Affirming the Expiration Date attached hereto as Exhibit A.

          4.           Base Rent for Suite 1884-4 . Base Rent for the extended term shall be payable by Tenant to Landlord, in advance, on the first day of each month, as follows:

 

 

 

 

 

Period

 

Annual Base Rent per SF

 

Monthly Base Rent

         

September 1, 2006 through
August 31, 2008

 

$13.00

 

$6,819.58

         

September 1, 2008 through
The Expiration Date

 

$13.25

 

$6,950.73




                      Payments of Base Rent for any fractional calendar month shall be prorated.

          5.           Base Rent for Suites 1828, 1836A, 1836B, and 1842 . Base Rent for the extended term shall be payable by Tenant to Landlord, in advance, on the first day of each month, as follows:

 

 

 

 

 

Period

 

Annual Base Rent per SF

 

Monthly Base Rent

         

September 1, 2008 through
The Expiration Date

 

$13.25

 

$33,903.44

         

 

 

 

 

 




                      Payments of Base Rent for any fractional calendar month shall be prorated.

          6.           Tenant Improvements. Tenant accepts the space “as is” except Landlord shall provide a Thirty Nine Thousand Dollar ($39,000) Tenant Improvement Allowance. The Tenant Improvement Allowance may be utilized for space plans, construction documents, permits, management fees, engineering fees, hard construction, and other construction related improvements to the Leased Premises. In addition, Tenant may utilize the allowance for other expenses in the Leased Premises related to Tenant’s occupancy, including such uses as cable installation and office furniture. Tenant may choose to have the Landlord manage the construction process at a management fee rate of 5% of hard construction costs. Payment of the allowance will be made by Landlord upon


 
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