DONELSON CORPORATE CENTRE FIRST AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE AGREEMENT BUILDING ONE AND BUILDING THREE
Exhibit 10.1
XXXXXXXX CORPORATE CENTRE
FIRST AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE AGREEMENT
BUILDING ONE AND BUILDING THREE
FIRST AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE AGREEMENT
BUILDING ONE AND BUILDING THREE
THIS FIRST AMENDMENT TO AMENDED AND RESTATED OFFICE LEASE AGREEMENT (this “Amendment”) is made
as of May 3, 2011, by and between Xxxxxxxx Corporate Centre, L.P., a Tennessee limited partnership
(“Landlord”) and Envoy LLC, a Delaware limited liability company (“Tenant”), and Emdeon Business
Services, LLC a Delaware limited liability company (“Guarantor”) under the following circumstances:
WHEREAS, Landlord and Envoy Corporation, the predecessor in interest to Envoy LLC, executed
that certain Lease Agreement, dated May 26, 2000 (the “Original Lease”), for approximately 18,011
rentable square feet of the first floor of Building One of the Xxxxxxxx Corporate Centre, which is
located at 0000 Xxxxxxx Xxxx, xx Xxxxxxxx Xxxxxx, Xxxxxxxxx (as described in Exhibit A thereto);
WHEREAS, the Original Lease was amended on September 29, 2000 (the “First Amendment”), to
include an additional 37,699 rentable square feet (occupying all of Floor 2) in Building Three of
the Xxxxxxxx Corporate Centre, which is located at 0000 Xxxxxxx Xxxx, xx Xxxxxxxx Xxxxxx, Xxxxxxxxx
(as described in Exhibit A thereto) for a total of 55,710 rentable square feet of demised space;
WHEREAS, in November 2006, Envoy Corporation converted to a Delaware limited liability company
and changed its name to Envoy LLC, an Emdeon company, and is no longer doing business as Envoy
Corporation; and
WHEREAS, on June 12, 2008 the parties executed an Amended and Restated Office Lease Agreement
(hereinafter the “Amended and Restated Lease”) to expand the premises demised to the Tenant
hereunder by an additional 23,882 rentable square feet occupying all of Floors 2 and 4 of Building
One, and an additional 84,524
rentable square feet located in Building Three (collectively the “Expansion Space”), resulting in a
total of 164,116 net rentable square feet, and to otherwise modify and restate the terms of the
Original Lease (as amended) in accordance with the Amended and Restated Lease;
WHEREAS, Guarantor, as the parent company of Envoy LLC, an Emdeon Business Services company,
shall recognize substantial direct and indirect benefits from this Amendment and is hereby willing,
as Guarantor, to join in the execution of this Amendment;
WHEREAS, Landlord and Tenant wish to amend the Amended and Restated Lease to add additional
office space to the Amended and Restated Lease, to agree upon the rent that Tenant shall pay for
such additional portions of the Leased Premises and such other terms and conditions as are set
forth herein.
NOW THEREFORE, in consideration of the Premises and the agreements and covenants hereinafter
set forth, Landlord and Tenant agree and acknowledge that the Amended and Restated Lease is amended
as follows:
1. Defined Terms. Any capitalized term not expressly defined in this Amendment shall
have the definition for such term set forth in the Amended and Restated Lease.
2. Term and Premises. (a) A certain portion of the Building Three Premises,
consisting of 12,639 square feet of Net Rentable Area in Building Three (such portion is referred
to hereinafter as the “Additional Premises”), is shown on Exhibit B attached to this Amendment and
made a part hereof. The term of the Lease for the Additional Premises this Amendment shall be
coterminous with the term of the Amended and Restated Lease. The term of this Amendment shall
commence upon the later of (i) June 1, 2011 or (ii) the completion of Tenant Improvements, but no
later than ninety (90) days after Tenant has been granted access to the space for construction of
improvements (the “First Amendment Commencement Date”).
(b) As of the First Amendment Commencement Date, the total Net Rentable Area leased to Tenant
pursuant to the Amended and Restated Lease shall be 176,755 square feet in Buildings One and Three
as shown on Exhibit “A” attached hereto (the “Premises”).
3. Rent. Beginning on the First Amendment Commencement Date, Tenant shall pay Base
Rental for the Additional Premises as set forth below:
Year | Per Square Foot | Per Annum | Per Month | |||||||||
— 10/31/11 |
$ | 16.71 | $ | 211,197.69 | $ | 17,599.81 | ||||||
11/1/11 — 10/31/12 |
$ | 17.18 | $ | 217,138.02 | $ | 18,094.84 | ||||||
11/1/12 — 10/31/13 |
$ | 17.66 | $ | 223,204.74 | $ | 18,600.40 | ||||||
11/1/13 — 10/31/14 |
$ | 18.15 | $ | 229,397.85 | $ | 19,116.49 | ||||||
11/1/14 — 10/31/15 |
$ | 18.66 | $ | 235,843.74 | $ | 19,653.65 | ||||||
11/1/15 — 10/31/16 |
$ | 19.18 | $ | 242,416.02 | $ | 20,201.34 | ||||||
11/1/16 — 10/31/17 |
$ | 19.72 | $ | 249,241.08 | $ | 20,770.09 | ||||||
11/1/17 — 10/31/18 |
$ | 20.27 | $ | 256,192.53 | $ | 21,349.38 |
4. Early Termination Option. The early termination option set forth in Paragraph 2 of
the Amended and Restated Lease shall apply in the same full force and effect to the Additional
Premises.
5. Additional Rent. Landlord shall absorb and be responsible for paying Operating
Expenses during Calendar Year 2011 (the “Additional Premises Expense Stop”). “Additional Rent” for
the Additional Premises for any calendar year after 2011 shall mean Tenant’s Percentage Share of
the Operating Expenses for such calendar year in excess of the Additional Premises Expense Stop.
“Tenant’s Percentage Share” shall mean a fraction, the numerator of which is the total number of
square feet of Net Rentable Area within the demised Premises (12,639 square feet) and the
denominator of which is the total square footage of all Net Rentable Area in the Building (232,900
square feet). Tenant will pay in advance monthly installments of Additional Rent on the first
(1st) day of each calendar month
at Landlord’s address as provided
herein (or such other address as may be designated by Landlord
from time to time in writing). All other terms and conditions applicable to the Additional Rent as
set forth in Paragraphs 5(a)-(c) of the Amended and Restated Lease shall apply in the same full
force and effect to the Additional Rent as set forth in this Amendment
6. Lobby of Building Three. Tenant shall have the non-exclusive right to use and make
alterations to the Building Three lobby, subject to Landlords prior written consent, said consent
not to be unreasonably withheld, conditioned or delayed. Additionally, no other tenant with access
to and use of the Building Three lobby shall be entitled to make alterations to the Building Three
lobby without the prior written consent of Tenant, said consent not to be unreasonably withheld.
7. Commission. Tenant and Landlord each represents and warrants to the other that
such party has dealt with no broker, finder or similar agent in connection with this Amendment
other than Colliers International-Atlanta Inc., in conjunction with Xxxxxxx Xxxxxx, Inc., Tenant’s
broker (together, the “Brokers”). Landlord shall pay any commissions due to the Brokers pursuant
to separate agreement between Landlord and the Brokers. Tenant and Landlord each agrees that it
shall indemnify the other from and against any claim made by any other broker or agent claiming to
have dealt with the indemnifying party in connection with this Amendment (including reasonable
attorneys’ fees and court costs).
8. Tenant Improvement Allowance. (a) The Tenant Improvement Allowance for the
Additional Premises shall be $105,409.26
Tenant shall have the right to use the Tenant Improvement allowance for all hard and soft
costs of construction including cabling, relocation costs and low voltage wiring. Landlord shall
send Tenant the Tenant Improvement Allowance upon submittal by Tenant to Landlord of the Architect
approved applications for payment by Tenant’s General Contractor. Landlord does not require proof
that Tenant has
paid the General Contractor before Landlord pays Tenant the Tenant Improvement Allowance.
9. Future Expansion. Any future expansion during the term of the Amended and Restated
Lease shall be pursuant to and in accordance with the terms and conditions set forth in the Amended
and Restated Lease.
10. Subordination. Within thirty (30) business days after the date of this Amendment,
Landlord shall cause the holder of the first security interest in the Xxxxxxxx Corporate Centre to
execute and deliver to Tenant, in recordable form, a Subordination, Non-Disturbance and Attornment
Agreement in substantially the form previously executed by Tenant and the holder of the first
security interest upon the execution of the Amended and Restated Lease, whereby such holder will
acknowledge and consent to the provisions of this Amendment.
11. Continuing Effect; Conflict. Except as amended hereby, the terms and conditions
of the Amended and Restated Lease shall remain in full force and effect, and this Amendment shall
be deemed part of the Amended and Restated Lease. In the event of a conflict between the
terms of
this Amendment and the terms of the Amended and Restated Lease, the terms of this Amendment shall
control.
THIS AMENDMENT is signed and is effective as of the date first above written.
LANDLORD:
Xxxxxxxx Corporate Centre, L.P. By: JS Development, LLC, general partner |
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By: | /s/ Xxxxx Xxxxxxxx | |||
Xxxxx Xxxxxxxx | ||||
Managing Member | ||||
TENANT: Envoy LLC, an Emdeon company |
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By: | /s/ Xxx X. Xxxxxxx, Xx. | |||
Xxx X. Xxxxxxx, Xx. | ||||
Treasurer | ||||
GUARANTOR: Emdeon Business Services, LLC |
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By: | /s/ Xxx X. Xxxxxxx, Xx. | |||
Xxx X. Xxxxxxx, Xx. | ||||
Treasurer | ||||
EXHIBIT A Page 1/5 Existing — Xxxxxxxx 0, 0xx Xxxxxxxx to scale |
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EXHIBIT A Page 3/5 Expansion — Xxxxxxxx 0, 0xx Xxxxx not to scale |
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