EXHIBIT 10.2
MEMORANDUM AND AMENDMENT
     THIS MEMORANDUM AND AMENDMENT (“Memorandum”) dated January 23rd , 2008, is
executed by and between GRIFFIN CAPITAL CORPORATION, a California corporation,
as agent for the fee owners of Westwood of Lisle I & II (“Landlord”), and SXC
HEALTH SOLUTIONS, INC., a Texas corporation (“Tenant”).
     WHEREAS, Tenant and Hines VAF Westwood of Lisle II, L.P. (“Hines”) entered
into that certain Lease Agreement dated March 24, 2006 (“Lease”), for the lease
of 65,782 rentable square feet located on floors four and five and a portion of
floor six at the Building commonly known as 2441 Warrenville Road, Lisle,
Illinois 60532; and
     WHEREAS, By assignment, Landlord has succeeded to Hines’ right, title and
interest in the Lease; and
     WHEREAS, Pursuant to Section 28 of the Lease, Tenant has the right, inter
alia, to exercise Expansion Option 1 to lease 10,898 rentable square feet on the
sixth floor of the Building known as Expansion Space A; and
     WHEREAS, Tenant heretofore exercised Expansion Option 1 for Expansion Space
A; and
     WHEREAS, Pursuant to the Lease, Landlord through its agent delivered a
letter attached hereto as Exhibit A and made a part hereof (“Hines’ Letter”) to
Tenant setting out, inter alia, the Expansion Space Commencement Date; and
     WHEREAS, The Landlord and Tenant desire to modify certain provisions of the
Hines’ Letter as further set forth herein; and
     NOW THEREFORE, In consideration of the foregoing premises and other good
and valuable consideration, the receipt and legal sufficiency of which are
hereby acknowledged by the parties hereto, the parties agree otherwise as
follows:

1.   The Hines’ Letter is hereby modified as set forth below, and Landlord and
Tenant agree that except as modified below, all other provisions of the Hines’
Letter remain in full force and effect as originally set forth therein:

  a.   The Expansion Space Commencement Date for Expansion Space A is hereby
changed to be March 1, 2008.     b.   The revised table of Fixed Rent for
Expansion Space A is set forth below:

                                              Annual Fixed Rent Period   Monthly
Fixed Rent   Annual Fixed Rent   per RSF
3/1/08—1/31/09
  $ 12,941.38     $ 142,355.12 *   $14.25/sf
2/1/09—1/31/10
  $ 13,395.46     $ 160,745.50     $14.75/sf
2/1/10—1/31/11
  $ 13,849.54     $ 166,194.50     $15.25/sf
2/1/11—1/31/12
  $ 14,303.63     $ 171,643.50     $15.75/sf
2/1/12—1/31/13
  $ 14,757.71     $ 177,092.50     $16.25/sf
2/1/13—1/31/14
  $ 15,211.79     $ 182,541.50     $16.75/sf

 

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                                              Annual Fixed Rent Period   Monthly
Fixed Rent   Annual Fixed Rent   per RSF
2/1/14—1/31/15
  $ 15,665.88     $ 187,990.50     $17.25/sf
2/1/15—1/31/16
  $ 16,119.96     $ 193,439.50     $17.75/sf
2/1/16—1/31/17
  $ 16,574.04     $ 198,888.50     $18.25/sf
2/1/17—1/31/18
  $ 17,028.13     $ 204,337.50     $18.75/sf

 

*   Annual Fixed Rent has been prorated to reflect Monthly Fixed Rent of
11 months

  c.   Pursuant to Section 28.h.l of the Lease, the Fixed Rent and Tenant
Expanse Charge shall be abated through the first to occur of (i) May 29, 2008
which is ninety (90) days after the Expansion Space Commencement Date of
March 1, 2008; or (ii) the date that Tenant first occupies Expansion Space A for
the conduct of any business therefrom.     d.   As of the Expansion Space
Commencement Date, there will be 119 months remaining in the Lease Term, and the
Tenant Improvement Allowance for the Expansion Space A is $34.26 per rentable
square foot.

2.   The Lease is hereby modified to provide that effective as of March 1, 2008,
Tenant’s Proportionate Share shall be increased to 51.663% based upon 65,782
rentable square feet in the original Demised Premises and 10,898 rentable square
feet of Expansion Space A, as a percentage of the total 148,423 rentable square
feet of the Building.   3.   Landlord is not in default under the Lease and no
act or omission has occurred which, with the giving of notice or the passage of
time, or both would be a default by Landlord under the Lease   4.   All
capitalized terms not otherwise defined herein shall have the same meaning
ascribed to them in the Lease.   5.   This Memorandum may be executed in
counterparts. It shall not be necessary that the signatures of all parties
appear on each counterpart. All counterparts together shall collectively
constitute a single document.

[signature page follows]

 

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     IN WITNESS WHEREOF, Tenant and Landlord have executed this Memorandum and
Amendment as the date set forth above.

            TENANT

SXC HEALTH SOLUTIONS, INC., a Texas corporation
      By:   /s/ Jeff Park         Name:   Jeff Park        Title:   Chief
Financial Officer        LANDLORD

GRIFFIN CAPITAL CORPORATION, a California corporation, as authorized agent for
the fee owners of Westwood of Lisle I & II
      By:   /s/ Julie A. Treinen         Julie Treinen        Director of Asset
Management   

 

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EXHIBIT A
HINES LETTER
[attached hereto]

 

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(HINES LOGO) [c24582c2458217.gif]
VIA HAND DELIVERY
VIA ELECTRONIC MAIL
September 11, 2007
Kristen DeLay
SXC Health Solutions, Inc.
2441 Warrenville Road, Suite 610
Lisle, IL
60532
Dear Kristen:
This letter is intended, pursuant to Article 28 of SXC’s lease, to notify SXC,
inasmuch as SXC has exercised “Expansion Option 1” by its letter of March 26,
2007, that the Expansion Space Commencement Date for Expansion Space A, which
space is comprised of 10,898 rentable square feet on the sixth (6th) floor of
the Building commonly known as 2441 Warrenville Road in Lisle, Illinois, shall
be January 1, 2008.
In accordance with the provisions of the lease and per the table below, Fixed
Rent and Additional Rent for Expansion Space A will be set at the same
respective rates as the initial Demised Premises.

                                              Annual Fixed Rent Period   Monthly
Fixed Rent   Annual Fixed Rent   per RSF
1/1/08—1/31/08
  $ 12,487.29       n/a     $13.75/sf
2/1/08—1/31/09
  $ 12,941.38     $ 155,296.50     $14.25/sf
2/1/09—1/31/10
  $ 13,395.46     $ 160,745.50     $14.75/sf
2/1/10—1/31/11
  $ 13,849.54     $ 166,194.50     $15.25/sf
2/1/11—1/31/12
  $ 14,303.63     $ 171,643.50     $15.75/sf
2/1/12—1/31/13
  $ 14,757.71     $ 177,092.50     $16.25/sf
2/1/13—1/31/14
  $ 15,211.79     $ 182,541.50     $I6.75/sf
2/1/14—1/31/15
  $ 15,665.88     $ 187,990.50     $17.25/sf
2/1/15—1/31/16
  $ 16,119.96     $ 193,439.50     $17.75/sf
2/1/16—1/31/17
  $ 16,574.04     $ 198,888.50     $18.25/sf
2/1/17—1/31/18
  $ 17,028.13     $ 204,337.50     $18.75/sf

Per Section 28.h.1 of the Lease, Fixed Rent and Tenant Expense Charge shall be
abated through the first to occur of A) April 1, 2008, which is ninety (90) days
after Expansion Space Commencement Date of 1/1/2008, or B) the date that SXC
first occupies Expansion Space A for the conduct of any business therefrom.
2443 Warrenville Road. Suite 110 Lisle. Illinois 60532 (630) 955-0404
(630) 955-0663 FAX

 

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In addition, per Section 28.h.2 of the Lease, SXC will be entitled to a Tenant
Improvement Allowance for Expansion Space A of $34.83/rsf, which number is
derived by multiplying the initial Allowance of $38.00/rsf by the ratio of
months remaining in the Lease term as of the Expansion Space Commencement Date
to months in the total Lease term. As of the Expansion Space Commencement Date
there will be 121 months remaining in the Lease term. The total Lease term is
132 months (eleven years). Thus, the calculation is as follows: $38.00/rsf x
121/132 = $34.83/rsf.

          Sincerely,

    /s/ Joseph H. Harrison III         Joseph H. Harrison III
Property Manager
 

Cc:   Tom D’Arcy — Hines
Julie Treinen — Griffin
Diana Riekse — Staubach
Andrea Van Gelder — Staubach
Pete Adamo — CB Richard Ellis