Exhibit 10.22
March 23, 1999
Xx. Xxxxxx X. Xxxxxxx
BDP Realty Associates
0000 Xxxxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
Re: 0000 Xxxxxxxxx Xxxx
Dear Xxx:
This letter constitutes our request to enter into a letter agreement extending
the 0000 Xxxxxxxxx Xxxx Lease on a month-to-month basis. IDX proposes
continuing the same terms as agreed to in the letter agreement of August 16,
1995, a copy of which is attached.
Sincerely,
/S/ Xxxxxxxx X. Xxxxx
Xxxxxxxx X. Xxxxx
Mgr., Administration
C: Xxxxxx X. Xxxxx, Xx., Esq.
AGREED AND ACCEPTED:
IDX SYSTEMS CORPORATION BDP REALTY ASSOCIATES
By: /s/ Xxxxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxx
--------------------------- ----------------------------------
Xxxxxxxx X. Xxxxx Xxxxxx X. Xxxxxxx
Dated: 3/23/99 Dated: 3/23/99
BDP REALTY ASSOCIATES
0000 XXXXXXXXX XXXX
XXXXXXXXXX, XX 00000
as of August 16, 1995
IDX Systems Corporation
Attention: Xxxx X. Xxxx
0000 Xxxxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
Re: 0000 Xxxxxxxxx Xxxx
Dear Xxxx:
As general partners of BDP Realty Associates ("BDP"), we agree to
revive, renew and amend the Lease Agreement dated 6, 1979 and Notice to Extend
Lease Term dated August 1, 1987 ("Lease") between BDP Realty Associates, as
lessor, and IDX Systems Corporation, formerly known as Burlington Data
Processing, Inc., as lessee, under the following terms:
1. Lessor: BDP Realty Associates
2. Lessee: IDX Systems Corporation
3. Date of Lease Renewal: As of December 9, 1993
4. Lease Renewal Term: From December 9, 1993 through
December 31, 1998
5. Leased Premises: Building and land located at
0000 Xxxxxxxxx Xxxx
6. Basic Annual Rent: $154,800 [$12,900 per month]
7. Option to Renew: Additional two (2) years, with the
ability to increase the rental
rate to the current fair market value,
per appraisal or valuation
by qualified person selected by the
parties
8. Triple Net Lease: Tenant is responsible for all
operating expenses, taxes,
maintenance, repairs (structural and
otherwise).
BDP and IDX agree and accept the above terms. IDS acknowledges its
approval and acceptance of the above terms by executing below.
Very truly yours,
BDP REALTY ASSOCIATES
/S/ Xxxxxxx X. Xxxxxxx, General Partner
Xxxxxxx X. Xxxxxxx, General Partner
/S/ Xxxxxx X. Xxxxx, General Partner
Xxxxxx X. Xxxxx, General Partner
AGREED AND ACCPETED:
IDX Systems Corporation
By: /S/ Xxxx X. Xxxx, Vice President
------------------------------------------
Xxxx X. Xxxx, Vice President
Date: 8/21/95
