Exhibit 10.15


 


LEASE


 


THIS LEASE (“Lease”)
is made and entered into as of December 29, 2009 (the “Effective Date”),
by and between, THERIAC ENTERPRISES OF PEORIA, LLC, a Florida limited liability
company, whose business address is 5292 Summer] in Commons Way, Suite 1103,
Fort Myers, Florida 33907 (“Landlord”), and ARIZONA RADIATION THERAPY
MANAGEMENT SERVICES INC., an Arizona corporation, whose business address is
2234 Colonial Blvd. Fort Myers, FL 33907 (“Tenant”).


 


WITNESSETH:


 


ARTICLE 1 

TERMS


 


1.1 Premises.
Landlord hereby demises and leases to Tenant and Tenant hereby hires and rents
from Landlord the premises more particularly described on attached Exhibit “A”
(the “Premises”), which contain approximately 7,292 rentable square feet
in the building located at 9159 W. Thunderbird Road, Peoria, Arizona (the “Building”),
upon the terms, covenants and conditions set forth below.


 


1.2 Use. The Premises
are to be used for a medical office and radiation and/or oncology related
therapy center and ancillary services or any other use related to medical
services industry (the “Permitted Use”).


 


1.3 Commencement of Term.
The commencement of the Term (as hereinafter defined) of this Lease under which
Tenant shall be obligated to commence payment of Base Rent and Additional Rent
shall be the 3rd day of October, 2008 (the “Commencement Date”).


 


1.4 Length of the Term.
The initial term of this Lease is for a period of fifteen (15) years (the “Initial
Term”) beginning on the Commencement Date and ending on the date which is
one hundred and eighty (180) months following the first day of the calendar
month immediately following the Commencement Date (unless the Commencement Date
is the first day of a calendar month, in which event the Initial Term shall end
one hundred and eighty (180) months following the Commencement Date). The “Term”
of this Lease shall include the Initial Term and any extension of the Initial
Term in accordance with Article 4 below.


 


1.5 “Operating Costs”
shall mean all expenses, costs and disbursements of every kind and nature paid
or incurred by Landlord in connection with the ownership, management,
maintenance, operation, replacement and repair of the Building. Notwithstanding
the foregoing, Operating Costs shall not include: (a) costs of tenant
alterations; (b) costs of capital improvements (except for costs of any
capital improvements made or installed for the purpose of reducing Operating
Costs, funding a shortfall of insurance proceeds in the event of a casualty, or
made or installed pursuant to any governmental requirement or any insurance
requirement), which costs shall be amortized by Landlord in accordance with
sound accounting and management principles consistently applied; (c) interest
and principal payments on mortgages or any rental payments on any ground leases
(except for late charges, penalties or other fees resulting from one or more
defaults by Tenant); (d) advertising expenses and leasing


 


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commissions; (e) any
cost or expenditure for which Landlord is actually reimbursed, whether by
insurance proceeds or otherwise; (f) the cost of any kind of service
furnished to any other tenant in the Building which Landlord does not generally
make available to all tenants in the Building; or (g) legal expenses of
negotiating leases with other tenants of the Building.


 


ARTICLE 2 

RENT


 


2.1 Base Rent. The
base rent shall be Thirty Two Thousand Nine Hundred Fifteen and 94/100 Dollars
($32,915.94) per month (the “Base Rent”).


 


2.2 Additional Rent.
In addition, Tenant shall pay monthly as Additional Rent Landlord’s reasonable
estimate of Tenant’s Proportionate Share of the applicable taxes, assessments,
insurance and Operating Costs on the Building. This amount will be Tenant’s
Proportionate Share times 1/12th of anticipated bills for annual real estate
taxes, insurance and Operating Costs applicable to the Building. The estimated
figures for taxes, assessments, insurance and Operating Costs will be produced
within ten (10) days after the signing of this Lease. Each year Landlord
will produce any insurance, real estate tax, assessment and Operating Costs
bills to the Tenant to show how the estimated taxes, assessments, insurance and
Operating Costs were computed as Additional Rent. In the event of any overage or
underage due to the actual amounts owed and the payments made based on the
estimated amounts during any Lease year, Landlord shall reimburse to Tenant the
amount of any overage paid by Tenant or Tenant shall pay to Landlord the amount
of any underage due from Tenant in either case within thirty (30) days of the
delivery of the bills to Tenant as herein provided.


 


2.3 Annual Increase in
Base Rent. There will be an increase in the Base Rent starting on the first
anniversary of the first day of the calendar month immediately following the
month containing the Commencement Date and each anniversary of such date during
the Term thereafter, by a fractional amount equal to the excess, if any, of (i) the
Consumer Price Index (as defined below) for November of the year in which
the increase will become effective, over (ii) the Consumer Price Index for
November of the year preceding the year in which the increase will be
effective. “Consumer Price Index” shall mean the Consumer Price Index
for Urban Wage Earners and Clerical Workers (CPI-W) as promulgated by the
Bureau of Labor Statistics of the United States Department of Labor. If the
Consumer Price Index goes down Base Rent will not change for that year.


 


2.3.1
In the event that the Consumer Price Index ceases to incorporate a significant
number of items, or if a substantial change is made in the method of
establishing such Consumer Price Index, for purposes of Section 2.3, the
Consumer Price Index shall be adjusted to the figure that would have resulted
had no change occurred in the manner of computing such Consumer Price Index. If
the Consumer Price Index is discontinued during the Term, such other successor
or substitute index, if any, shall be used in lieu of such Consumer Price
Index.


 


2.4 Late Charge.
Tenant shall pay to Landlord a late charge equal to five percent (5%) of the
monthly payment of Base Rent, Additional Rent and any other payment or charge
due hereunder if any such amount is received by Landlord more than ten (10) days
after the same


 


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shall be due, such amount
being the agreed upon liquidated damages solely to defray the additional
administrative expenses incurred by Landlord in processing such payment.


 


2.5 Interest on Past Due
Rent. If Tenant shall fail to pay within ten (10) days receipt of
written notice, any Base Rent or Additional Rent, such unpaid amounts shall
bear interest from the due date thereof to the date of payment, at the prime
interest rate of the JPMorgan Chase Bank as of such due date, plus ten percent
(10%) (“Default Rate”).


 


2.6 Payment of Rent.
The term “Rent” shall refer collectively to Base Rent and Additional
Rent. All Rent shall be paid by Tenant and delivered to: TEM, LLC, 5292 Summerlin Commons Way, Suite 1103,
Attn: Cathy New kirk, Fort Myers, Florida 33907, except as otherwise
specifically provided herein, without previous demand therefor and without any
abatement, reduction, setoff or deduction whatsoever, in lawful money of the
United States of America which shall be legal tender in payment of all debts
and dues, public and private, at the time of payment. All sums payable by
Tenant hereunder by check shall be drawn against a financial institution
located in the United States of America. Rent, together with any applicable sales
tax and local taxes thereon, if the same are ever required by law, shall be
payable in equal monthly installments, in advance, on the first day of each and
every calendar month throughout the Term of this Lease. The first such monthly
installment of Rent shall be due and payable to Landlord no later than the
Commencement Date and each subsequent monthly installment shall be due and
payable to Landlord on the first day of each and every calendar month following
the Commencement Date during the Term hereof. If the Commencement Date is a
date other than the first day of the month, Rent and any other charges for the
period commencing with and including the Commencement Date through the first
day of the following month shall be prorated at the rate of one-thirtieth
(1/30) of the monthly Rent per day.


 


2.7 Rent Taxes. In
addition to Base Rent and Additional Rent, Tenant shall and hereby agrees to
pay to Landlord each month a sum equal to any sales tax, tax on rentals and any
other similar charges now existing or hereafter imposed, based upon the
privilege of leasing the Premises hereunder or based upon the amount of Rent
collected therefore.


 


ARTICLE 3


NET LEASE


 


3.1 Net Lease. This
Lease shall be deemed and construed to be a net lease and, except as herein otherwise
expressly provided, the Landlord shall receive Base Rent and Additional Rent
and all other payments hereunder to be made by the Tenant absolutely free from
any charges, assessments, imposition, expenses or deductions of any kind and
every kind or nature whatsoever.


 


ARTICLE 4 

OPTION TO RENEW


 


4.1 Option to Renew.
Provided that Tenant is not then in default under any of the covenants, terms,
conditions, and provisions of this Lease beyond any applicable notice and cure
period, then Tenant shall have four (4) options to renew this Lease (each
an “Option”) for consecutive five (5) year option periods (each an “Option
Period”), provided that, in order to exercise an Option, Tenant is required
to give to Landlord written notice thereof not less than six


 


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(6) months before, nor
more than nine (9) months prior to the date of expiration of the Initial
Term or the then expiring Option Period, as applicable. Other than Base Rent
due during the Option Period(s), any renewal pursuant to an Option shall be on
the same terms and conditions as are contained in this Lease.


 


4.2 Determination of Base
Rent. In the event that Tenant exercises an Option, the Base Rent for each
Option Period shall be upon an annual rental rate equal to the Fair Market Rent
(as defined in Exhibit “B”).


 


4.3 If at the commencement
date of an Option Period, the amount of Base Rent payable during such Option
Period shall not have been determined, then, pending such determination, Tenant
shall pay Base Rent at the rate proposed by Landlord for such Option Period
(the “Renewal Temporary Rate”). After the determination of the Fair
Market Rent as of the commencement of such Option Period, if the Base Rent
payable by Tenant hereunder is greater or less than the Renewal Temporary Rate,
Landlord shall promptly pay to Tenant the excess of the Renewal Temporary Rate
over (or Tenant shall promptly pay to Landlord the shortfall of the Renewal
Temporary Rate below) the Base Rent payable by Tenant hereunder.


 


4.4 Under no circumstance
will the Base Rent for the first year of any Option Period be less than the
Base Rent for the lease year immediately prior to the commencement of such
Option Period.


 


ARTICLE 5


INSURANCE AND INDEMNITY


 


5.1 Insurance. At all
times during the Term, Tenant will carry and maintain, at Tenant’s expense, on
an occurrence basis, the following insurance, in the amounts and on the forms
specified below or such other amounts and on such other forms as Landlord may
from time to time reasonably request, with insurance companies reasonably
satisfactory to Landlord:


 


5.1.1 Fire and extended
coverage insurance insuring the full replacement cost of the Building, its
equipment, and the common areas (unless the Building is not a
stand- alone, single tenant building; in which event Landlord shall obtain the
appropriate casualty insurance and include the cost in the calculation of
Additional Rent);


 


5.1.2 Comprehensive general
liability insurance, together with a broad form comprehensive general liability
endorsement, covering bodily injury to or personal injury to or death of any
person, or more than one (1) person, or for damage to property in an
amount of not less than $1 million combined single limit each
Occurrence/General Aggregate and including a per location General Aggregate
endorsement. All such insurance will be written on the most current occurrence
ISO Commercial General Liability Form including without limitation,
personal injury and contractual liability coverage for the performance by Tenant
of the indemnity agreements set for in this Lease, which insurance shall
include a waiver of subrogation rights in favor of Landlord;


 


5.1.3 Insurance covering all
of Tenant’s furniture and fixtures, machinery, equipment, and any other
personal property owned and used in Tenant’s business and found in, on, or
about the Premises, and any leasehold improvements to the Premises in an amount
not less


 


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than the full replacement
cost under Standard Fire and Extended Coverage Policy and all other risks of
direct physical loss as insured against under Special Form (“all risk of
direct physical loss” coverage). All such insurance will be written on the most
current ISO Commercial Property Form. All policy proceeds will be used for the
repair or replacement of the property damaged or destroyed; except, however, if
this Lease ceases under the provisions of Article 15, Tenant will be
entitled to any proceeds resulting from damage to Tenant’s furniture and
fixtures, machinery, equipment, and any other personal property;


 


5.1.4 Worker’s compensation
insurance insuring against and satisfying Tenant’s obligations and liabilities
under the worker’s compensation laws of the State where the Premises are
located, and Employer’s Liability Insurance in the limits required by the laws
of the State where the Premises are located, but in an amount not less than
$500,000.00 aggregate;


 


5.1.5 Such other insurance
related solely to the Premises in such amounts as Landlord or its lender may
reasonably require of Tenant upon thirty (30) days’ prior written notice.


 


5.2 Forms of Policies.
All policies of liability insurance which Tenant is obligated to maintain
according to this Lease (other than any policy of worker’s compensation insurance
and insurance Tenant is obligated to maintain pursuant to Section 5.1.3)
will name Landlord and such other persons or firms as Landlord specifies from
time to time as additional insureds. Original or copies of original policies
and certificates of insurance on the most current ACORD form (together with
copies of the endorsements naming Landlord and any others specified by Landlord
as additional insured’s) and evidence of the payment of all premiums of such
policies will be delivered to Landlord prior to the earlier of the Commencement
Date or Tenant’s occupancy of the Premises and from time to time at least
thirty (30) days prior to the expiration of the term of each such policy.
Tenant’s insurer shall have a Best Rating of at least A- and be assigned a financial
size category of at least Class X as rated in the most recent edition of “Best’s
Key Rating Guide” for insurance companies. All liability policies maintained by
Tenant will contain a provision that Landlord and any other additional
insureds, although named as an insured, will nevertheless be entitled to
recover under such policies for any loss sustained by Landlord and such other
additional insureds, its agents, and employees as a result of the acts or
omissions of Tenant. All such policies maintained by Tenant will provide that
they may not be terminated or amended except after thirty (30) days’ prior
written notice to Landlord. All required insurance policies maintained by
Tenant must be written as primary policies, not contributing with and not supplemental
to the coverage that Landlord carries or may carry.


 


5.3 Waiver of Subrogation.
Landlord and Tenant each waive any and all rights to recover against the other,
or against the officers, directors, shareholders, partners, joint venturers,
employees, agents, customers, invitees, or business visitors of such other
party, for any loss or damage to such waiving party arising from any cause
covered by any property or other insurance required to be carried by such party
pursuant to this Article 5 or any other property insurance actually
carried by such party. Landlord and Tenant from time to time will cause their
respective insurers to issue appropriate waiver of subrogation rights
endorsements to all property insurance policies earned in connection with the
Premises or the Building, or the contents thereof. Tenant agrees to cause all
other occupants of the Premises claiming by, under, or through Tenant to
execute and deliver to Landlord such a waiver of claims and to obtain such
waiver of subrogation rights endorsements.


 


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5.4 Indemnification.
Tenant shall indemnify, defend and save Landlord harmless from and against any
and all claims, actions, damages, liability and expense in connection with loss
of life, personal injury and/or damage to or destruction of property arising
from or out of any occurrence in, upon or at the Premises, or any part thereof,
or the occupancy or use by Tenant of the Premises or any part thereof, or
occasioned wholly or in part by any act or omission of Tenant, its agents,
contractors, employees, servants, lessees or concessionaires, except which
result from Landlord’s gross negligence or willful misconduct. Landlord shall
indemnify, defend and save Tenant harmless from and against any and all claims,
actions, damages, liability and expense in connection with loss of life,
personal injury and/or damage to or destruction of property arising from or out
of any occurrence in, upon or at the Premises occasioned in whole or in part by
any negligent act or omission by Landlord, its agents, contractors, employees,
servants or concessionaires. In case the indemnifying party shall be made a
party to any litigation commenced by or against the other party, then such
other party shall protect and hold the indemnified party harmless and pay all
costs and attorney’s fees incurred by the indemnified party in connection with
such litigation, and any appeals thereof. The defaulting party shall also pay
all costs, expenses and reasonable attorney’s fees that may be incurred or paid
by the other party in enforcing the covenants and agreements in this Lease.


 


ARTICLE 6

UTILITIES


 


6.1 Utilities. Tenant
shall be solely responsible for and shall promptly pay all charges for water,
gas, electricity, garbage, and any other utility used and consumed in the
Premises. In the event that such utilities charges, or any portion thereof,
shall be separately metered for the Premises, Tenant shall pay such meter
charges directly to the utility company supplying such service. In the event,
however, that any such charges, or any portion thereof, shall not be separately
metered for the Premises, Tenant shall pay to Landlord its pro rata share of
such non-metered charges. If any such charges are not paid when due, Landlord may,
at its option pay the same, and any amount so paid by Landlord shall thereupon
become due to Landlord from Tenant as Additional Rent. In no event, however,
shall Landlord be liable for an interruption or failure in the supply of any
such utilities to the Premises, except to the extent such interruption results
from Landlord’s gross negligence or willful misconduct.


 


ARTICLE 7

SUBORDINATION AND ATTORNMENT


 


7.1 Subordination.
Tenant hereby subordinates its rights hereunder to the lien of any ground or
underlying leases, any mortgage or mortgages, or the lien resulting from any
other method of financing or refinancing, now or hereafter in force against the
Premises and to all advances made or hereafter to be made upon the security
thereof provided that the lessor or mortgagee or other lien holder thereunder
agrees not to disturb Tenant’s possession of the Premises or rights under this
Lease so long as Tenant is not in default hereunder beyond any applicable
notice and/or cure period. This Section shall be self-operative and
binding upon Tenant and any such lessor, mortgagee or other lien holder, and no
further instrument of subordination shall be required by any mortgagee;
provided, however, Landlord shall use reasonable efforts to facilitate the
preparation and execution of a subordination, non-disturbance and attornment
agreement in form reasonably acceptable to both Tenant and any such lessor,
mortgagee or other lien holder.


 


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7.2 Attornment. In
the event any proceedings are brought for the foreclosure of, or in the event
of exercise of the power of sale under, any mortgage covering the Premises or
in the event a deed is given in lieu of foreclosure of any such mortgage,
Tenant shall attorn to the purchaser, or grantee in lieu of foreclosure, upon
any such foreclosure or sale and recognize such purchaser, or grantee in lieu
of foreclosure, as the Landlord under this Lease.


 


7.3 Financing Agreements.
Tenant shall not enter into, execute or deliver any financing agreement that
can be considered as having priority on the Premises to any mortgage or deed of
trust that Landlord may have placed upon the Premises.


 


ARTICLE 8 

ASSIGNMENT AND SUBLETTING


 


8.1 Assignment and
Subletting. Except as herein provided, Tenant may not assign this Lease in
whole or in part, nor sublet all or any portion of the Premises, without the
prior written consent of Landlord in each instance, which shall not be
unreasonably withheld, conditioned or delayed and shall be deemed granted if not
given or denied in writing within thirty (30) days from Tenant’s written
request therefor. Further, notwithstanding the foregoing, such consent shall
not be required if such assignment or sublease is from Tenant to a wholly owned
subsidiary of Tenant or to a wholly owned subsidiary of Tenant’s parent, if
any. The consent by Landlord to any assignment or subletting shall not
constitute a waiver of the necessity for such consent to any subsequent
assignment or subletting. No assignment, under letting, occupancy or collection
shall be deemed acceptance of the assignee, subtenant or occupant as Tenant, or
a release of Tenant from the further performance by Tenant of the covenants on
the part of Tenant herein contained. This prohibition against assignment or subleasing
includes those by operation of law, legal process, receivership, bankruptcy or
otherwise, whether voluntary or involuntary. Landlord, by its acceptance
hereof, acknowledges that Tenant may mortgage or collaterally assign its
interest in and to this Lease and the leasehold estate created hereunder to
institutional lenders providing financing to Tenant, to Tenant’s parent, if
any, or to any subsidiary or affiliate of Tenant. Tenant shall remain fully
liable on this Lease and shall not be released from performing any of the
terms, covenants and conditions hereof or any rents or other sums to be paid
hereunder. Tenant acknowledges and agrees that any and all right and interest
of the Landlord in and to the Premises, and all right and interest of the Landlord
in this Lease, may be conveyed, assigned or encumbered at the sole discretion
of the Landlord at any time. In addition, notwithstanding the foregoing to the
contrary, Tenant shall have the right to license or sublet all or any portion
of the Premises to a physician, physician group, professional corporation or
other entity licensed to practice medicine in the State where the Premises are
located or to such other individuals or entities providing health-related
services, without first obtaining Landlord’s prior consent.


 


ARTICLE 9 

FACILITIES


 


9.1 Control of Common
Areas by Landlord. All automobile parking areas, driveways, entrances and
exits thereto, and other facilities furnished by Landlord at or near the
Premises, if any, including employee parking areas, the truck way or ways,
loading docks,


 


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package pick-up stations,
pedestrian sidewalks and ramps, landscaped areas, exterior stairways, and other
areas and improvements provided by Landlord for the general use, in common, of
tenants, their officers, agents, employees and customers, shall at all times be
subject to the exclusive control and management of Landlord, and Landlord shall
have the right from time to time to establish, modify and enforce reasonable rules and
regulations with respect to all facilities and areas mentioned in this Article.
Landlord shall have the right to construct, maintain and operate lighting
facilities on all said areas and improvements; from time to time to change the
area, level, location and arrangement of parking areas and other facilities
hereinabove referred to and to restrict parking by tenants, their officers,
agents and employees to employee parking areas. Landlord shall not have any
duty to police the traffic in the parking areas or otherwise police the common
areas.


 


ARTICLE 10 

TENANT’S FIXTURES AND IMPROVEMENTS


 


10.1 Alterations by
Tenant. Tenant shall not make any alterations, renovations, improvements or
other installations (collectively “Alterations”) in, on or to any part
of the Premises (including, without limitation, any alterations of the front,
signs, structural alterations, or any cutting or drilling into any part of the
Premises or any securing of any fixture, apparatus, or equipment of any kind to
any part of the Premises) unless and until Tenant shall have caused plans and
specifications therefor to have been prepared, at Tenant’s expense, by an
architect or other duly qualified person and shall have obtained Landlord’s
approval thereof, which shall not be unreasonably withheld or delayed and shall
be deemed granted if not approved or denied in writing within thirty (30) days
of Tenant’s written request therefor. Tenant shall submit to Landlord detailed
plans and specifications of the proposed Alterations at the time Landlord’s
approval is sought. If such approval is granted, Tenant shall cause the work
described in such plans and specifications to be performed, at its expense,
promptly, efficiently, competently and in a good and workmanlike manner by duly
qualified and licensed persons or entities approved by Landlord, using first
grade materials. All such work shall comply with all applicable codes, rules,
regulations and ordinances. The Tenant shall at all times maintain fire
insurance with extended coverage in an amount adequate to cover the cost of
replacement of all alterations, decorations, additions or improvements to the
Premises by Tenant in the event of fire or extended coverage loss. Tenant shall
deliver to the Landlord certificates of such fire insurance policies, which
shall contain a clause requiring the insurer to give the Landlord ten (10) days
notice of cancellation of such policies. Notwithstanding the foregoing, Tenant
shall be entitled to make interior, non-structural and/or decorative alterations
without obtaining Landlord’s consent or providing plans and specifications.


 


10.2 Mechanic’s/Construction
Liens. No work performed by Tenant pursuant to this Lease, whether in the
nature of erection, construction, alteration or repair, shall be deemed to be
for the immediate use and benefit of Landlord so that no mechanic’s or other
lien shall be allowed against the estate of Landlord by reason of any consent
given by Landlord to Tenant to improve the Premises. Tenant shall place such
contractual provisions as Landlord may reasonably request in all contracts and
subcontracts for Tenant’s improvements assuring Landlord that no mechanic’s/Construction
liens will be asserted against Landlord’s interest in the Premises or the
property of which the Premises are a part. Said contracts and subcontracts
shall provide, among other things, the following: That notwithstanding anything
in said contracts or subcontracts to the contrary, Tenant’s contractors,
subcontractors, suppliers and materialmen


 


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(hereinafter collectively
referred to as “Contractors”) will perform the work and/or furnish the
required materials on the sole credit of Tenant; that no lien for labor or
materials will be filed or claimed by the Contractors against Landlord’s
interest in the Premises or the property of which the Premises are a part; that
the Contractors will immediately discharge any such lien filed by any of the
Contractor’s suppliers, laborers, materialmen or subcontractors; and that the
Contractors will indemnify and save Landlord harmless from any and all costs
and expenses, including reasonable attorney’s fees, suffered or incurred as a
result of any such lien against Landlord’s interest that may be filed or
claimed in connection with or arising out of work undertaken by the
Contractors. Tenant shall pay promptly all persons furnishing labor or
materials with respect to any work performed by Tenant or its Contractors on or
about the Premises. If any mechanic’s or other liens shall at any time be filed
against the Premises or the property of which the Premises are a part by reason
of work, labor, services or materials performed or furnished, or alleged to
have been performed or furnished, to Tenant or to anyone holding the Premises through
or under Tenant, and regardless of whether any such lien is asserted against
the interest of Landlord or Tenant, Tenant shall cause the same to be
discharged of record or bonded to the reasonable satisfaction of Landlord
within thirty (30) days of Tenant’s receipt of notice of such lien. If Tenant
shall fail to cause such lien to be timely discharged or bonded after being
notified of the filing thereof, then, in addition to any other right or remedy
of Landlord, Landlord may bond or discharge the same by paying the amount
claimed to be due, and the amount so paid by Landlord, including reasonable
attorneys’ fees incurred by Landlord either in defending against such lien or
in procuring the bonding or discharge of such lien, together with interest thereon
at the Default Rate, shall be due and payable by Tenant to Landlord as
Additional Rent.


 


10.3 Tenant’s Leasehold
Improvements. All leasehold improvements (as distinguished from trade
fixtures and apparatus) installed in the Premises at any time, whether by or on
behalf of Tenant or by or on behalf of Landlord, shall not be removed from the
Premises at any time, unless such removal is consented to in advance by
Landlord; and at the expiration of this Lease (either at the end of the Term,
or upon such earlier termination as provided in this Lease), all such leasehold
improvements shall be deemed to be part of the Premises, shall not be removed
by Tenant when it vacates the Premises, and title thereto shall vest solely in
Landlord without payment of any nature to Tenant.


 


10.4 Tenant’s Trade
Fixtures; Landlord’s Lien Waiver. All trade fixtures, equipment, furniture,
inventory, and apparatus (as distinguished from leasehold improvements) owned
by Tenant and installed in the Premises shall remain the property of Tenant and
shall be removable at any time, including upon the expiration of the Term;
provided that Tenant shall repair any damage to the Premises caused by the
removal of said trade fixtures and apparatus and shall restore the Premises to
substantially the same condition as existed prior to the installation of said
trade fixtures and apparatus. Landlord acknowledges that Tenant may from time
to time or at any time grant security interests in and to its trade fixtures,
equipment, furniture, inventory and apparatus in order to secure financing
provided to Tenant. Landlord consents to Tenant’s granting one or more security
interests in and to Tenant’s trade fixtures, equipment, furniture, inventory
and apparatus and covenants and agrees that any security interest in and to the
Tenant’s trade fixtures, equipment, furniture, inventory and apparatus in favor
of any lender or financier thereof shall be superior to any interest which
Landlord may at any time have in and to Tenant’s trade fixtures, equipment, furniture,
inventory and apparatus and Landlord, for itself, its successors and/or
assigns, does hereby waive and release any and all liens, encumbrances and/or


 


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security interests which it
has or may have in and to Tenant’s trade fixtures, equipment, furniture,
inventory and apparatus, whether expressly created in this Lease or any other
instrument by and between Landlord and Tenant, or by virtue of any statute or
under common law. Landlord covenants and agrees with Tenant and any lender or
financier of Tenant that Landlord will not assert against any of Tenant’s trade
fixtures, equipment, furniture, inventory and apparatus any statutory, common
law, contractual, or possessory lien or security interest, including without
limitation any right of levy or destraint for rent, all of which Landlord does
hereby waive and release. Landlord agrees that any such lender or financier may
enter upon the Premises at any time or from time to time, during normal
business hours, so long as Tenant is in possession of the Premises, without
charge, to inspect or remove any of Tenant’s trade fixtures, equipment,
furniture, inventory and apparatus therefrom. Landlord covenants and agrees
that Landlord will not hinder or delay any such lender’s or financier’s actions
in enforcing its liens, security interests, and remedies with respect to Tenant’s
trade fixtures, equipment, furniture, inventory and apparatus. In addition,
Landlord agrees that, upon the request of any person or entity that shall be
providing financing to Tenant, including, without limitation, a purchase money
equipment financier or equipment lessor of Tenant, Landlord shall negotiate in
good faith for the purpose of executing and delivering a commercially
reasonable landlord lien waiver agreement in favor of any such person or entity
providing such financing to Tenant memorializing the terms and provisions of
this Section 10.4.


 


ARTICLE 11 

MAINTENANCE AND REPAIR OF PREMISES


 


11.1 [Stand-Alone, Single
Tenant Building. In the event the Building is a stand-alone, single tenant
building, then Tenant shall be solely responsible for any and all repairs
necessary for the Premises and the Building, including without limitation, any
improvements to the exterior portions (common areas) of the real estate upon
which the Building is located, the paved parking areas, driveways, sidewalks,
lighting, landscaping and any other improvements, all at Tenant’s sole expense.
Landlord shall only be responsible for the cost of any voluntary capital
improvements made by Landlord.]


 


11.1 Multi-Tenant
Building.


 


11.1.1
Maintenance by Tenant. Tenant shall at all times keep in good order,
condition and repair (which shall include the providing of replacements when
necessary) the entire Premises, including, without limitation, the exterior and
all glass and show window moldings; and all partitions, doors, interior walls,
fixtures, equipment and appurtenances thereto, including lighting, heating and
plumbing fixtures serving the Premises only and any air conditioning system and
sprinkler system situated within and/or servicing the Premises, reasonable and
ordinary wear and tear excepted. Said maintenance by Tenant shall include,
without limitation, periodic painting as is reasonably necessary. All cutting
and patching of the roof area required for any reason whatsoever for Tenant’s
use and occupancy of the Premises shall be performed by the Landlord’s roofing
subcontractor. In the event that Tenant causes such work to be performed by
anyone other than the Landlord’s roofing subcontractor, Landlord will have the
right, at Tenant’s sole cost and expense and without notice to Tenant, to cause
said work and the roof area affected thereby to be inspected and/or repaired by
Landlord’s


 


10














 


roofing subcontractor. All
repairs, replacements, or maintenance of any item or any type of the Premises
(other than the roof, building structure and any capital improvements thereto)
is the responsibility of the Tenant and to be paid for by Tenant. Tenant shall
be entitled to recover from Landlord the costs of all repairs above and beyond
Tenant’s Proportionate Share made by Tenant to the roof and structural portions
of the Building (excepting those repairs made either for the benefit of, or due
to damage caused by, the Tenant).


 


11.1.2
Maintenance by Landlord. Other than maintenance obligations of Tenant as
provided in Section 11.1.1 above, Landlord shall be responsible for all
other maintenance to the Building, including all structural elements of the Building,
all common and parking areas, all common plumbing facilities, paving and
striping of the parking areas, which costs shall be recovered through Tenant’s
payment of Tenant’s Proportionate Share of Operating Costs. However, in no
event shall Tenant be responsible to pay the costs of any capital improvements.


 


ARTICLE 12

SIGNS


 


12.1 Signs. On or
before the Commencement Date, Tenant will, at its sole cost and expense,
purchase and cause to be installed upon the exterior of the Premises a sign
which in all respects conforms to the criteria established by Landlord.
However, Tenant will not install said sign without first obtaining Landlord’s
written approval thereof, which shall not be unreasonably withheld or delayed
and shall be deemed granted if written approval or rejection thereof has not
been received within thirty (30) days of Tenant’s written request therefore.
Thereafter, Tenant will not place or suffer to be placed or maintain on any
portion of the exterior (including windows) of the Premises any sign, awning,
canopy or advertising matter or other thing of any kind, without first
obtaining Landlord’s written approval and consent. Without limitation as to the
foregoing, Landlord specifically reserves the right at any time during the term
of this Lease to require Tenant to remove from the Premises any sign(s) situated
thereon which have not been approved pursuant to the foregoing provisions and
to replace same with a sign or signs which in all respects conform to a sign
standard designated by Landlord, all of which will be performed at Tenant’s
sole cost and expense. Tenant agrees to maintain any such sign, awning, canopy,
decoration, lettering, advertising matter or other thing as may be approved in
good condition and repair at all times, reasonable and ordinary wear and tear
excepted, and to repaint or replace such signs from time to time when
reasonably necessary and to illuminate such signs in accordance with standards
established by Landlord from time to time, including hours of illumination. All
signs in addition must be conform to code and local ordinances rules, laws and
regulations.


 


ARTICLE 13


WASTE AND GOVERNMENTAL REGULATIONS


 


13.1 Nuisance or Waste.
Tenant shall not commit or suffer to be committed any waste or nuisance upon
the Premises or other act or thing which may disturb the quiet enjoyment of any
other tenant in the Building in which the Premises may be located.


 


13.2 Compliance with Laws.
Tenant, at its sole cost, will promptly comply with all applicable laws,
guidelines, rules, regulations and requirements, whether of federal, state, or


 


11

















 


local origin, applicable to
the Premises, including, but not limited to, the Americans with Disabilities
Act, 42 U.S.C. § 12101 et seq. (the “ADA”), and those for the correction,
prevention and abatement of nuisance, unsafe conditions, or other grievances
arising from or pertaining to the Tenant’s use or occupancy of the Premises.
Tenant at its sole cost and expense shall be solely responsible for taking any
and all measures which are required to comply with the requirements of the ADA
within the Premises as a result of Tenant’s use, other than as set forth below.
Any Alterations to the Premises made by or on behalf of Tenant for the purpose
of complying with the ADA or which otherwise require compliance with the ADA
shall be done in accordance with this Lease; provided, that Landlord’s consent
to such Alterations shall not constitute either Landlord’s assumption, in whole
or in part, of Tenant’s responsibility for compliance with the ADA with respect
to the Tenant’s use of the Premises, or representation or confirmation by
Landlord that such Alterations comply with the provisions of the ADA.
Notwithstanding the foregoing, Landlord shall be solely responsible for all
costs associated with bringing the Building into compliance with the ADA as a
result of any structural condition of the Building.


 


13.3 Governmental
Regulations. Tenant shall, at Tenant’s sole costs and expense, comply in
all material respects with all regulations of all county, municipal, state,
federal and other applicable governmental authorities, not in force or which
may hereafter be in force, pertaining to Tenant or its use of the Premises, and
shall faithfully observe in the use of the Premises all municipal and county
ordinances and state and federal statutes now in force or which may hereinafter
be in force. Tenant shall indemnify, defend and save Landlord harmless from
penalties, fines, costs, expenses suits, claims, or damages resulting from
Tenant’s failure to perform its obligations in this Section.


 


13.4 Rules and
Regulations. Landlord reserves the right from time to time to make
reasonable rules and regulations, governing loading of supplies, trash
collection, pest control, parking, noise, electrical overloads and similar
issues of general concern to all tenants in the event that the need therefore
should ever arise. Notice of such rules and regulations and amendments and
supplements thereto, if any, shall be given to the Tenant.


 


ARTICLE 14 

HAZARDOUS MATERIALS


 


14.1 Hazardous Materials.
Tenant shall not use or allow the Premises to be used for the Release, storage,
use, treatment, disposal or other handling of any Hazardous Materials, without
the prior consent of Landlord, except that Tenant may without Landlord’s prior
written consent store, use, treat and handle such Hazardous Materials as are
ordinarily and commonly used in its operation of medical offices and radiation
treatment facilities provided that it does so, and disposes of same, in
accordance and compliance with applicable environmental laws, rules and
regulations (“Tenant’s Hazardous Materials Activity”). The term “Release”
shall have the same meaning as is ascribed to it in the Comprehensive
Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 et
seq., as amended, (“CERCLA”). The term “Hazardous Materials”
means (i) any substance defined as a “hazardous substance” under CERCLA, (ii) petroleum,
petroleum products, natural gas, natural gas liquids, liquefied natural gas,
and synthetic gas, and. (iii) any other substance or material deemed, to
be hazardous, dangerous, toxic, or a pollutant under any federal, state, or
local law, code, ordinance or regulation (“Hazardous Materials Laws”).


 


12

















 


14.1.1 Tenant shall: (a) except
with respect to Tenant’s Hazardous Materials Activity, give prior notice to
Landlord of any other activity or operation to be conducted by Tenant at the
Premises which involves any other Release, use, handling, generation,
treatment, storage, or disposal of any Hazardous Materials, (b) comply in
all material respects with all federal, state, and local laws, codes,
ordinances, regulations, permits and licensing conditions governing the Release,
discharge, emission, or disposal of any Hazardous Materials and prescribing
methods for or other limitations on storing, handling, or otherwise managing
Hazardous Materials, (c) at its own expense, promptly contain and
remediate any Release of Hazardous Materials arising from or related to Tenant’s
Hazardous Materials Activity in the Premises and remediate and pay for any
resultant damage to properly, persons, and/or the environment, (d) give
prompt notice to Landlord, and all appropriate regulatory, authorities, of any
Release of any Hazardous Materials in the Premises arising from or related to,
Tenant’s Hazardous Materials Activity, which Release is not made pursuant to
and in conformance with the terms of any permit or license duly issued by appropriate
governmental authorities, any such notice to include a description of “measures
taken or proposed to be taken” by Tenant to contain and remediate the Release
and any resultant damage to property, persons, or the environment, (e) at
Landlord’s written request and upon reasonable cause, which shall not be more
frequent than once per calendar year, retain an independent engineer or other
qualified consultant or, expert acceptable to Landlord, to conduct, at Tenant’s
expense, an environmental audit of the Premises and immediate surrounding
areas, and the scope of work to be performed by such engineer, consultant, or
expert shall be reasonably approved in advance by Landlord, and all of the
engineer’s, consultant’s or expert’s work product shall be made available to
Landlord, (f) at Landlord’s written request from time to time, executed
affidavits, representations and the like concerning Tenant’s best knowledge,
and belief regarding the presence of Hazardous Materials in the Premises, and (g) reimburse
to Landlord, upon demand, the actual reasonable cost of any testing for the
purpose of ascertaining if there has been any Release of Hazardous Materials in
the Premises as a result of Tenant’s Hazardous Materials Activity, if such
testing is required by any governmental agency or Landlord’s Mortgagee. Tenant
shall indemnify, protect, defend (by counsel reasonably acceptable to
Landlord), and hold Landlord and free and harmless from and against any and all
claims, liabilities, penalties, forfeitures, losses and expenses (including
actual reasonable attorneys’ fees) or death of or injury to any person or
damage to any property whatsoever arising from or caused in whole or in part,
directly or indirectly, by the presence in or about the Premises of any of
Tenant’s Hazardous Materials Activity or by Tenant’s failure to comply with any
Hazardous Materials Law regarding Tenant’s Hazardous Materials Activity or in
connection with any removal, remediation, clean up, restoration and materials
required hereunder to return the Premises and any other property of whatever
nature to their condition existing prior to Tenant’s Hazardous Materials
Activity.


 


14.2 Disclosure Warning
and Notice Obligations. Tenant shall comply with all laws, ordinances and
regulations in the State where the Premises are located regarding the
disclosure of the presence or danger of Tenant’s Hazardous Materials Activity.
Tenant acknowledges and agrees that all reporting and warning obligations
required under the Hazardous Materials Laws with respect to Tenant’s Hazardous
Materials Activity are the sole responsibility of Tenant, whether or not such
Hazardous Materials Laws permit or require Landlord to provide such reporting
or warnings, and Tenant shall be solely responsible for complying with such Hazardous
Materials Laws regarding the disclosure of, the presence or danger of Tenant’s
Hazardous Materials Activity. Tenant shall immediately notify Landlord, in
writing, of any complaints, notices, warnings, reports or asserted violations
of which Tenant becomes aware relating to


 


13

















 


Hazardous Materials on or
about the Premises. Tenant shall also immediately notify Landlord if Tenant
knows or has reason to believe Tenant’s Hazardous Materials have or will be Released
in or about the Premises.


 


14.3 Environmental Tests
and Audits. Except to the extent required by any governmental authority
having jurisdiction over the Premises or Tenant’s use or occupancy thereof,
including without limitation Tenant’s Hazardous Materials Activity, Tenant
shall not perform or cause to be performed, any Hazardous Materials surveys,
studies, reports or inspection, relating to the Premises without obtaining
Landlord’s advance written consent, which consent may be withheld in Landlord’s
sole discretion. If, at any time prior to the expiration of the Term, Landlord
reasonably believes a Release of Hazardous Materials in excess of permissible
levels has occurred as a result of Tenant’s Hazardous Materials Activity,
Landlord shall have the right to enter upon the Premises in order to conduct
appropriate tests (at Tenant’s expense) and deliver to Tenant the results of
any such tests to demonstrate that levels of any Hazardous Materials in excess
of permissible levels has occurred as a result of Tenant’s Hazardous Materials
Activity.


 


14.4 Survival/Tenant’s
Obligations. The respective rights and obligations of Landlord and Tenant
under this Article shall survive the expiration or termination of this
Lease.


 


ARTICLE 15 

DESTRUCTION OF PREMISES


 


15.1 Damage and
Destruction. If all or any part of the Premises shall be damaged or
destroyed by fire or other casualty, this Lease shall continue in full force
and effect, unless terminated as hereinafter provided, and Landlord shall
repair, restore or rebuild the Premises to the condition existing at the time
of the occurrence of the loss; provided, however, Landlord shall not be
obligated to commence such repair, restoration or rebuilding until insurance
proceeds are received by Landlord, and Landlord’s obligation hereunder shall be
limited to the proceeds actually received by Landlord under any insurance
policy or policies, if any, less those amounts (i) which have been
required to be applied towards the reduction of any indebtedness secured by a
mortgage covering the Premises or any portion thereof, and (ii) which are
used to reimburse Landlord for all costs and expenses, including but not
limited to reasonable attorneys’ fees, incurred by Landlord to recover any such
insurance proceeds.


 


15.1.1 Tenant agrees to
notify Landlord in writing not less than thirty (30) days prior to the date
Tenant opens for business in the Premises of the actual cost of all permanent
leasehold improvements and betterments installed or to be installed by Tenant
in the Premises (whether same have been paid for entirely or partially by
Tenant), but exclusive of Tenant’s personal property, movable trade fixtures,
equipment, furniture, apparatus and inventory. Similar notifications shall be
given to Landlord not less than thirty (30) days prior to the commencement of
any proposed alterations, additions or improvements to the Premises. If Tenant
fails to comply with the foregoing provisions, any loss or damage Landlord
shall sustain by reason thereof shall be borne by Tenant and shall be paid
immediately by Tenant upon receipt of a bill therefore and evidence of such
loss.


 


15.1.2 Tenant covenants and
agrees to (i) equip and furnish the Premises as Tenant reasonably deems
necessary to operate the business from the Premises and (ii) reopen for


 


14

















 


business in the Premises
within thirty (30) days after notice from Landlord that the Premises are ready
for re-occupancy.


 


15.1.3 No damage or
destruction to the Premises shall allow Tenant to surrender possession of the
Premises nor affect Tenant’s liability for the payment of rents or charges or
any other covenant herein contained, except as may be specifically provided in
this Lease.


 


15.1.4 Notwithstanding
anything to the contrary contained in this Section or elsewhere in this
Lease, either Tenant or Landlord, at their respective option, may terminate
this Lease by giving written notice thereof to the other as follows:


 


(a) Within ninety (90)
days from the date of the casualty if the Premises are damaged or destroyed as
a result of an occurrence which is not covered by Landlord’s insurance; or


 


(b) Within ninety (90)
days from the date of the casualty if the Premises shall be damaged or
destroyed during the last two (2) years of the Term or any renewals
thereof; or


 


(c) Within one hundred
eighty (180) days from the date of the casualty if the Premises are damaged or
destroyed to the extent of twenty-five percent (25%) or more of the replacement
cost thereof, in which event Landlord will have the option of terminating this
Lease or any renewal thereof by serving written notice upon Tenant and any
prepaid Rent or Additional Rent will be prorated as of the date of destruction
and the unearned portion of such Rent will be refunded to Tenant without
interest; or


 


(d) Within one hundred
eighty (180) days from the date of the casualty if, in Tenant’s or Landlord’s
reasonable determination, the reconstruction of the Premises shall take in
excess of four hundred ten (410) days from the date of the casualty, in which
event Tenant and Landlord will each have the option of terminating this Lease
or any renewal thereof by serving written notice upon the other and any prepaid
Rent or Additional Rent will be prorated as of the date Tenant or Landlord
delivers such written notice of its election to terminate this Lease and the
unearned portion of such Rent will be refunded to Tenant without interest.


 


15.1.5 If the Premises shall
be damaged or destroyed and in the event that neither party has elected to
terminate this Lease as aforesaid, Landlord and Tenant shall commence their
respective obligations under this Article as soon as is reasonably
possible and prosecute the same to completion with all due diligence.


 


15.1.6 Except where the
damage or destruction results from the wrongful or grossly negligent act or
omission of Tenant, the Base Rent shall be abated proportionately with the
degree to which Tenant’s use of the Premises is impaired during the period of
any damage, repair or restoration provided for in this Article; provided
further, that in the event Landlord elects to repair any damages as herein
contemplated, any abatement of Base Rent shall end thirty (30) days after
written notice by Landlord to Tenant that the Premises have been repaired.
Tenant shall continue the operation of its business on the Premises during any
such period to the extent reasonably practicable from the standpoint of prudent
business management, and any obligation of Tenant under the Lease to apply
charges reserved as Additional Rent shall remain


 


15

















 


in full force and nothing in
the Section shall be construed to abate Additional Rent. Except for the
abatement of Base Rent hereinabove provided, Tenant shall not be entitled to
any compensation or damage for loss in the use of the whole or any part of the
Premises and/or any inconvenience or annoyance occasioned by any damage,
destruction, repair or restoration.


 


15.2 Repairs After
Casualty. Unless this Lease is terminated by Landlord or Tenant within the
time period provided hereinabove, Landlord (or Tenant, if the Building is a
stand-alone, single tenant Building) shall repair, restore and re-fixture all
parts of the Premises not insured under any insurance policies insuring
Landlord in a manner and to a condition equal to that existing prior to its
destruction or damage, including, without limitation, all exterior signs, trade
fixtures, equipment, display cases, furniture, furnishings and other
installations of personality of Tenant, The proceeds of all insurance carried
by Tenant on its property and improvements shall be held in trust by Tenant and
utilized for the purpose of said repair and replacement. Tenant shall give to
Landlord prompt written notice of, any damage to or destruction of any portion
of the Premises resulting from fire or other casualty.


 


ARTICLE 16


EMINENT DOMAIN


 


16.1 Total Condemnation
of Premises. If the whole of the Premises shall be acquired or condemned by
eminent domain for any public or quasi-public use or purpose, then the Term of
this Lease shall cease and terminate as of the date of title vesting in such
proceeding and all rentals shall be paid up to that date.


 


16.2 Partial Condemnation
of Premises.


 


16.2.1 If twenty (20%)
percent or more of the Premises shall be acquired or condemned by eminent
domain for any public or quasi-public use or purpose, then the Tenant shall
have the option to cancel and terminate this Lease upon notice thereof given to
the Landlord within ninety (90) days after the vesting of title in such
proceeding.


 


16.2.2 In the event that
less than twenty (20%) percent of the Premises shall be acquired or condemned
by eminent domain for any public or quasi-public use or purpose, or in the
event twenty (20%) percent or more of the Premises shall have been so taken,
and Tenant shall not elect to terminate this Lease as set forth above, then the
Landlord shall promptly restore the Premises to a condition reasonably
comparable under the circumstances to its condition at the time of such
condemnation, less the portion lost in the taking; and this Lease shall
thereafter continue in full force and effect. In such event of a partial
taking, described hereinabove, from the effective date that physical possession
is taken by the condemning authority through the end of the term of this Lease,
the annual Base Rent payable by Tenant to Landlord under this Lease shall be
reduced by a fraction, the numerator of which shall be the gross area of the
Premises so taken by the condemning authority and the denominator of which
shall be the gross area of the Premises on the date immediately prior to the
effective date of such taking.


 


16.3 Total Condemnation
of Parking. If the whole of the parking areas for the Premises shall be
acquired or condemned by eminent domain for any public or quasi-public use or
purpose, then the term of this Lease shall cease and terminate as of the date
of title vesting in such proceeding.


 


16

















 


16.4 Partial Condemnation
of Parking Area. If a portion of the parking areas for the Premises shall
be acquired or condemned by eminent domain for any public or quasi-public use
or purpose, and as a result of such taking the Tenant is unable to obtain
confirmation or a variance from the applicable governmental entities in order
to maintain compliance for Tenant’s use of the Premises after diligent efforts,
then the Tenant shall have the option to cancel and terminate this Lease upon
notice thereof given to the Landlord within ninety (90) days after the vesting
of title in such proceeding.


 


16.4.1 If a portion of the
parking areas for the Premises shall be acquired or condemned by eminent domain
for any public or quasi-public use or purpose, but Tenant shall not be entitled
or not elect to cancel and terminate this Lease, then the Landlord shall
restore the parking areas to a condition reasonably comparable under the
circumstances to its condition at the time of such condemnation, less the
portion lost in the taking. In such event, this Lease shall be and remain in
full force and effect and no reduction of Base Rent or any Additional Rent
payable by Tenant under this Lease shall be allowed in such circumstances, but
Tenant shall continue to pay the full Base Rent or any Additional Rent payable
under this Lease for the balance of the term hereof.


 


ARTICLE 17 

DEFAULTS


 


17.1 Events of Default by
Tenant. The occurrence of one or more of the following shall constitute an “Event
of Default” under this Lease:


 


(1) Tenant
abandons or surrenders all or any part of the Premises prior to the expiration
of the Term of the Lease;


 


(2) Tenant
fails to pay Rent or Additional Rent within ten (10) days after written
notice from Landlord of delinquency;


 


(3) Tenant
fails to fulfill any of the terms or conditions of this Lease and the same is
not cured within thirty (30) days after written notice thereof from Landlord,
unless the same cannot be cured within said thirty (30) day period, in which
case Tenant shall have such additional time as is reasonably necessary to cure
such default, not to exceed ninety (90) days in any and all events, provided
that Tenant commences such cure within said thirty (30) day period and
thereafter diligently prosecutes the same to completion;


 


(4) The
appointment of a trustee or a receiver to take possession of all or
substantially all of Tenant’s assets occurs, or if the attachment, execution or
other judicial seizure of all or substantially all of Tenant’s assets located
at the Premises, or of Tenant’s interest in this Lease, occurs, and in the case
of an involuntary appointment only, the same is not dismissed within ninety
(90) days from said appointment;


 


(5) Tenant
or any of its successors or assigns or any guarantor of this Lease (“Guarantor”)
should file any voluntary petition in bankruptcy, reorganization or
arrangement, or an assignment for the benefit of creditors or for similar
relief under any present or future statute, law or regulation relating to
relief of debtors; or


 


17

















 


(6) Tenant
or any of its successors or assigns or any Guarantor should be adjudicated
bankrupt or have an involuntary petition in bankruptcy, reorganization or
arrangement filed against it and the same not be dismissed within ninety (90)
days of the date of the filing thereof.


 


17.2 Landlord’s Default.
If Tenant asserts that Landlord has failed to
meet any of its obligations under this Lease, Tenant shall provide
written notice (“Notice of Default”) to Landlord specifying the alleged
failure to perform, and Tenant shall send by certified mail, return receipt
requested, a copy of such Notice of Default to any and all mortgage holders,
provided that Tenant has been previously advised of the addresses of such
mortgage holder(s). Landlord shall have a thirty (30) day period after receipt
of the Notice of Default in which to commence curing any non-performance by
Landlord, and Landlord shall have as much time thereafter to complete such cure
as is reasonably necessary so long as Landlord’s cure efforts are diligent and
continuous. However, if Landlord has not begun the cure within thirty (30) days
of receipt of the Notice of Default, or Landlord does not thereafter diligently
and continuously attempt to cure, then Landlord shall be in default under this
Lease. If Landlord is in default under this Lease, then the mortgage holder(s) shall
have an additional thirty (30) days, after receipt of a second written notice
from Tenant, within which to cure such default or, if such default cannot be
cured within that time, then such additional time as may be necessary so long
as their efforts are diligent and continuous.


 


ARTICLE 18 

REMEDIES FOR DEFAULT


 


18.1 Landlord’s Options.
If there is an Event of Default by Tenant under this Lease, Landlord may, at
its option, in addition to such other remedies as may be available under the
laws of the State where the Premises are located:


 


(a) Terminate
this Lease and Tenant’s right of possession; or


 


(b) Terminate Tenant’s
right to possession but not the Lease and/or proceed in accordance with the
provisions of Section 18.2 below.


 


18.2 Landlord’s Remedies.
Landlord may, without further notice, reenter the Premises either by force or
otherwise and dispossess Tenant by summary proceedings or otherwise (as well as
the legal representatives of Tenant and/or other occupants) of the Premises,
and remove their effects and hold the Premises as if this Lease had not been,
made, and Tenant hereby waives the service of notice of intention to re-enter
or to institute legal proceedings to that end.


 


18.2.1 All Rent for the
balance of the Term will, at the election of Landlord, be accelerated and the
present worth of same for the balance of the Term, net of amounts actually
collected by Landlord, shall become immediately due thereupon and be paid,
together with all expenses of every nature which Landlord may incur such as (by
way of illustration and not limitation) those for reasonable attorneys’ fees,
brokerage, advertising, and refurbishing the Premises in good order or
preparing them for re-rental. For purposes of this provision, “present worth”
shall be computed by discounting such amount to present worth at a discount
rate equal to one percentage point above the discount rate then in effect at
the Federal Reserve Bank nearest to the location of the Premises.


 


18

















 


18.2.2 Landlord shall use
commercially reasonable efforts to re-let the Premises or any part thereof,
either in the name of Landlord or otherwise, for a term or terms which may at
Landlord’s option be less than or exceed the period which would otherwise have
constituted the balance of the Term, and may grant concessions or free rent or
charge a higher rental than that reserved in this Lease; and/or at Landlord’s
option, Tenant or its legal representatives will also pay to Landlord as
liquidated damages any deficiency between the Rent hereby reserved and/or
agreed to be paid and the net amount, if any, of the rents collected on account
of the lease or leases of the Premises for each month of the period which would
otherwise have constituted the balance of the Term.


 


18.2.3 If Landlord exercises
the remedy above, and provided that Tenant has paid Landlord the accelerated
Rent as required by this Section, Landlord shall remit to Tenant on a monthly
basis until the end of the Term any amounts actually collected by Landlord as a
result of are letting remaining after subtracting therefrom all reasonable
costs paid by Landlord to secure a replacement tenant including reasonable
marketing/leasing costs, fees and commissions, and costs of preparing
improvements and refurbishment to the Premises for the replacement tenant. In
no event shall the total amount paid to Tenant pursuant to the preceding
sentence exceed the accelerated Rent paid by Tenant to Landlord. If this Lease is
terminated, Landlord may re-let the Premises or any part thereof, alone or
together with other premises, for such term or terms (which may be greater or
less than the period which otherwise would have constituted the balance of the
Term) and on such terms and conditions (which may include concessions or free
rent and alterations of the Premises) as Landlord, in its sole discretion, may
determine, but Landlord shall not be liable for nor shall Tenant’s obligations
hereunder be diminished by reason of, any failure by Landlord to re-let the
Premises or any failure by Landlord to collect any rent due upon such
re-letting.


 


18.3 Waiver of Jury Trial.
To the extent permitted by law, Tenant hereby waives: (a) jury trial in
any action or proceeding regarding a monetary default by Tenant and/or Landlord’s
right to possession of the Premises, and (b) in any action or proceeding
by Landlord for eviction where Landlord has also filed a separate action for
damages, Tenant waives the right to interpose any counterclaim in such eviction
action. Moreover, Tenant agrees that it shall not interpose or maintain any
counterclaim in such damages action unless it pays and continues to pay all
Rent, as and when due, into the registry of the court in which the damages
action is filed.


 


18.4 Waiver of Rights of
Redemption. Tenant hereby expressly waives any and all rights of redemption
granted by or under any present or future laws in the event of Tenant being
evicted or dispossessed for any cause, or in the event of Landlord obtaining
possession of the Premises, by reason of the violation by Tenant of any of the
covenants or conditions of this Lease or otherwise.


 


18.5 Tenant’s Remedies.
In the event Landlord is in material default under the terms of Section 17.2
of this Lease, and such default is of a nature that it reasonably prevents
Tenant from conducting its Permitted Use, in addition to any other rights
granted hereunder, Tenant shall have the right, after providing Landlord the
Notice of Default and after any applicable cure periods, to terminate this
Lease by delivering written notice of termination to Landlord which shall
become effective on the date such termination notice is received by Landlord.


 


19

















 


ARTICLE 19 

BANKRUPTCY PROVISIONS


 


19.1 Event of Bankruptcy.
If this Lease is assigned to any person or entity pursuant to the provisions of
the United States Bankruptcy Code, 11 U.S.C. Section 101 et seq. (the “Bankruptcy
Code”), any and all monies or other consideration payable or otherwise to
be delivered in connection with such assignment shall be paid or delivered to
Landlord, shall be and remain the exclusive property of Landlord, and shall not
constitute the property of Tenant or of the estate of Tenant within the meaning
of the Bankruptcy Code. Any and all monies or other considerations constituting
Landlord’s property under this Section not paid or delivered to Landlord
shall be held in trust for the benefit of Landlord and shall be promptly paid
or delivered to Landlord. Any person or entity to which this Lease is assigned
pursuant to the provisions of the Bankruptcy Code shall be deemed without
further act or deed to have assumed all of the obligations arising under this
Lease on and after the date of such assignment.


 


19.2 Additional Remedies.
In addition to any rights or remedies hereinbefore or hereinafter conferred
upon Landlord under the terms of this Lease, the following remedies and
provisions shall specifically apply upon an Event of Default under this Lease:


 


19.2.1 In all events, any
receiver or trustee in bankruptcy shall either expressly assume or reject this
Lease within sixty (60) days following the entry of an “Order for Relief” or
within such earlier time as may be provided by applicable law.


 


19.2.2 In the event of an
assumption of this Lease by a debtor or by a trustee, such debtor or trustee
shall within fifteen (15) days after such assumption (i) cure any default
or provide adequate assurance that defaults will be promptly cured; (ii) compensate
Landlord for actual pecuniary loss or provide adequate assurance that
compensation will be made for actual monetary loss, including, but not limited
to, all attorneys’ fees and costs incurred by Landlord resulting from any such
proceedings; and (iii) provide adequate assurance of future performance.


 


19.2.3 Where a default
exists under this Lease, the trustee or debtor assuming this Lease may not
require Landlord to provide services or supplies incidental to this Lease
before its assumption by such trustee or debtor, unless Landlord is compensated
under the terms of this Lease for such services and supplies provided before
the assumption of such Lease.


 


19.2.4 The debtor or trustee
may only assign this Lease if (i) it is assumed and the assignee agrees to
be bound by this Lease, (ii) adequate assurance of future performance by
the assignee is provided, whether or not there has been a default under this
Lease, and (iii) the debtor or trustee has received Landlord’s prior
written consent pursuant to the provisions of this Lease. Any consideration
paid by any assignee in excess of the rental reserved in this Lease shall be
the sole property of, and paid to, Landlord.


 


19.2.5 Landlord shall be
entitled to the fair market value for the Premises and the services provided by
Landlord (but in no event less than the rental reserved in this Lease)
subsequent to the commencement of a bankruptcy event.


 


20














 


19.2.6 Any security deposit
given by Tenant to Landlord to secure the future performance by Tenant of all
or any of the terms and conditions of this Lease shall be automatically
transferred to Landlord upon the entry of an “Order of Relief.”


 


19.2.7 The parties agree
that Landlord is entitled to adequate assurance of future performance of the
terms and provisions of this Lease in the event of an assignment under the
provisions of the Bankruptcy Code. For purposes of any such assumption or
assignment of this Lease, the parties agree that the term “adequate assurance”
shall include, without limitation, at least the following: (i) any
proposed assignee must have, as demonstrated to Landlord’s satisfaction, a net
worth (as defined in accordance with generally accepted accounting principles
consistently applied) in an amount sufficient to assure that the proposed
assignee will have the resources to meet the financial responsibilities under
this Lease, including the payment of all Rent; the financial condition and
resources of Tenant are material inducements to Landlord entering into this
Lease; (ii) any proposed assignee must have engaged in the Use described
in Section 1.2 for at least five (5) years prior to any such proposed
assignment, the parties hereby acknowledging that in entering into this Lease,
Landlord considered extensively Tenant’s permitted use and determined that such
permitted business would add substantially to the tenant balance in the
Premises, and were it not for Tenant’s agreement to operate only Tenant’s
permitted business on the Premises, Landlord would not have entered into this
Lease, and that Landlord’s operation of the Premises will be materially
impaired if a trustee in bankruptcy or any assignee of this Lease operates any
business other than Tenant’s permitted business; (iii) any assumption of
this Lease by a proposed assignee shall not adversely affect Landlord’s
relationship with any of the remaining tenants in the Building, taking into
consideration any and all other “use” clauses and/or “exclusivity” clauses
which may then exist under their leases with Landlord; and (iv) any
proposed assignee must comply with the provisions of Article 14 of this
Lease.


 


ARTICLE 20


LIMITATIONS OF LANDLORD’S LIABILITY


 


20.1 Landlord’s Liability.
The term “Landlord” as used in this Lease, so far as covenants or obligations
on the part of the Landlord are concerned shall be limited to mean and include
only a ground lessee if the named Landlord herein is holding the premises under
a ground lease for so long as the named Landlord is the holder of such ground
lease interest or the owner or owners of the fee simple of the Premises; and in
the event of transfer or transfers of either the ground leasehold interest to
any other person or the transfer of title to the fee premises to any person,
the Landlord herein named (and in the case of subsequent transfers or
conveyances the then grantor or assignor), shall be automatically freed and
relieved from and after the date of such transfer or conveyance or assignment of
all liability as respects the performance of any covenant or obligation on the
part of the Landlord contained in this Lease thereafter to be performed, it
being the intention of the parties that the covenants and obligations to be
observed and performed by the Landlord shall be binding upon the Landlord only
during and in respect of its period of ownership of either a leasehold
interest, or a fee interest as the case may be. Anything in this Lease to the
contrary notwithstanding, Tenant agrees that Tenant shall, subject to prior
rights of any mortgagee of the Premises, look solely to the estate and property
of Landlord in the Premises and any available rents and proceeds therefrom for
the collection of any judgment (or other judicial process) requiring the
payment of money by Landlord in the event of any default or breach by Landlord
with respect to any of the terms, covenants and


 


21

















 


conditions of this Lease to
be observed and/or performed by Landlord, and no other assets of Landlord or
any principal of Landlord shall be subject to levy, execution or other
procedures for the satisfaction of Tenant’s remedies.


 


ARTICLE 21 

ACCESS BY LANDLORD


 


21.1 Access. Landlord
or Landlord’s agents shall have the right to enter the Premises at all
reasonable times and, except in the case of emergency, on not less than
forty-eight (48) hours prior written notice to Tenant, to examine the same and
to show them to prospective purchasers of the building, and to make such repairs,
alterations, improvements or additions as Landlord may reasonably deem
necessary or desirable, and Landlord shall be allowed to take all material into
and upon said Premises that may be required therefore, without the same
constituting an eviction of Tenant in whole or in part and the Rent reserved
shall in no way abate while said repairs, alterations, improvements, or
additions are being made, by reason of loss or interruption of business of
Tenant, or otherwise; provided, however, Landlord diligently pursues such
repairs, alterations, improvements or additions. During the six (6) month
period prior to the expiration of the term of this Lease or any renewal term,
unless Tenant shall have exercised its then right to renew the term of this
Lease, Landlord may exhibit the Premises to prospective tenants or purchasers,
and place upon the premises the usual notices “To Let” or “For Sale” which
notices Tenant shall permit to remain thereon without molestation. Nothing
herein contained, however, shall be deemed or construed to impose upon Landlord
any obligation, responsibility or liability whatsoever, for the care,
maintenance, or repair of the Premises or any part thereof, except as otherwise
herein specifically provided. Landlord shall give Tenant reasonable notice
during business hours prior to any entry. Landlord acknowledges that Tenant is
a health care provider subject to the Health Insurance Portability and
Accountability Act (HIPAA) of 1996 and in accordance therewith, Tenant is
required to maintain the privacy of its patients. Landlord agrees to use
commercially reasonable efforts to avoid contact with such confidential patient
records or other information when access to the Premises by Landlord is
permitted hereunder, and Landlord shall be accompanied by an agent or employee
of Tenant when entering the Premises in accordance with the terms of this
Lease.


 


ARTICLE 22


QUIET ENJOYMENT


 


22.1 Landlord’s Covenant.
So long as this Lease is in full force and effect, and subject to the rights of
Landlord hereunder, including without limitation those set forth in Article 18
above, Tenant shall peaceably and quietly hold and enjoy the Premises for the
term hereby demised without hindrance or interruption by Landlord or any other
person or persons lawfully or equitably claiming by, through or under the
Landlord, subject, nevertheless, to the terms and conditions of this Lease.


 


ARTICLE 23 

MISCELLANEOUS


 


23.1 Accord and
Satisfaction. No payment by Tenant or receipt by Landlord of a lesser
amount than the rent herein stipulated to be paid shall be deemed to be other
than on account of the earliest stipulated rent, nor shall any endorsement or
statement on any check or


 


22

















 


any letter accompanying any
check or payment as rent be deemed an accord and satisfaction, and Landlord may
accept such check or payment without prejudice to Landlord’s right to recover
the balance of such rent or pursue any other remedy provided herein or by law.


 


23.2 Entire Agreement.
This Lease constitutes all covenants, promises, agreements, conditions and
understandings between Landlord and Tenant concerning the Premises and the
Building and there are no covenants, promises, conditions or understandings,
either oral or written, between them other than are herein set forth. Neither
Landlord nor Landlord’s agents have made nor shall be bound to any
representations with respect to the Premises or the Building except as herein
expressly set forth, and all representations, either oral or written, shall be
deemed to be merged into this Lease Agreement. Except as herein otherwise
provided, no subsequent alteration change or addition to this Lease shall be
binding upon Landlord or Tenant unless reduced to writing and signed by them.


 


23.3 Notices.


 


23.3.1 Any notice by Tenant
to Landlord must be served by certified mail return requested, addressed to
Landlord at the address first hereinabove given or at such other address as
Landlord may designate by written notice. Tenant shall also provide copies of
any notice given to Landlord to such mortgagees, agents or attorneys of
Landlord as Landlord may direct.


 


23.3.2 After commencement of
the term hereof any notice by Landlord to Tenant shall be served by certified
mail, return receipt requested addressed to Tenant at the Premises or at such
other address as Tenant shall designate by written notice.


 


	
  Landlord:

  	
   

  	
  Tenant:

  
	
   

  	
   

  	
   

  
	
  TEM, LLC

  	
   

  	
  21st Century Oncology, Inc.

  
	
  Attn: Cathy Newkirk

  	
   

  	
  Attn: Bryan Carey

  
	
  5292 Summerlin Commons Way

  	
   

  	
  2234 Colonial Boulevard

  
	
  Suite 1103

  	
   

  	
  Fort Myers, FL 33907

  
	
  Fort Myers, FL 33907

  	
   

  	
   

  



 


23.3.3 All notices given
hereunder shall be in writing, and shall be effective and deemed to have been
given only upon receipt by the party to which notice is being given, said
receipt being deemed to have occurred upon hand delivery or upon such date as
the postal authorities shall show the notice to have been delivered, refused,
or undeliverable, as evidenced by the return receipt.


 


23.4 Successors. All
rights and liabilities herein given to, or imposed upon, the respective parties
hereto shall extend to and bind the several respective heirs, legal
representatives, and permitted successors and assigns of the said parties; and
if there shall be more than one person or party constituting the Tenant, they
shall be bound jointly and severally by the terms, covenants and agreements
herein. No rights, however, shall inure to the benefit of any assignee of
Tenant unless the assignment to such has been approved by Landlord in writing
as provided herein. Nothing contained in this Lease shall in any manner
restrict Landlord’s right to assign or encumber this Lease and, in the event
Landlord sells its interest in the Building and


 


23

















 


the purchaser assumes
Landlord’s obligations and covenant, Landlord shall thereupon be relieved of
all further obligations under this Lease that arise or accrue thereafter.


 


23.5 Captions and Section Numbers.
The captions, section numbers, and article numbers appearing in this Lease are
inserted only as a matter of convenience and in no way define, limit, construe,
or describe the scope or intent of such sections or articles of this Lease nor
in any way affect this Lease.


 


23.6 Broker’s Commission.
Landlord and Tenant each represent and warrant to the other that it has dealt
with no real estate broker, agent, salesperson or finder in connection with
this Lease or the Premises. Notwithstanding the foregoing, Landlord and Tenant
each agree to indemnify, defend and save the other harmless from all liabilities
arising from claims by any real estate broker or agent claiming through it.
Such indemnity shall include, without limitation, all of attorneys, fees
incurred in connection therewith.


 


23.7 Partial Invalidity.
If any term, covenant or condition of this Lease or the application thereof to
any person or circumstances shall, to any extent, be invalid or unenforceable,
the remainder of this Lease the application of such term, covenant or condition
to persons or circumstances other than those as to which it is held invalid or
unenforceable, shall not be affected thereby and each term, covenant or
condition of this Lease shall be valid and enforceable to the fullest extent
permitted by law.


 


23.8 Estoppel Certificate.
Landlord and Tenant agree that each will, at any time and from time to time,
within ten (10) business days following written notice by the other party
hereto specifying that it is given pursuant to this Section, execute,
acknowledge and deliver to the party who gave such notice, or its designate, a
statement in writing certifying that this Lease is unmodified and in full force
and effect (or if there have been modifications, that the same is in full force
and effect and stating the modifications), and the date to which the annual
rent and any other payments due hereunder from Tenant have been paid in
advance, if any, and stating whether or not there are defenses or offsets
claimed by the maker of the certificate and whether or not to the best of
knowledge of the signer of such certificate the other party is in default in
performance of any covenant agreement or condition contained in this Lease, and
if so, specifying each such default of which the maker may have knowledge and
if requested, such financial information concerning Tenant and Tenant’s
business operations (and the Guarantor of this Lease, if this Lease be
guaranteed) as may be reasonably requested by any Mortgagee or prospective
mortgagee or purchaser. The failure of either party to execute, acknowledge and
deliver to the other a statement in accordance with the provisions of this Section within
said ten (10) business day period shall constitute an acknowledgment, by
the party given such notice, which may be relied on by any person holding or
proposing to acquire an interest in the Building or any party thereof or the
Premises or this Lease from or through the other party, that this Lease is
unmodified and in full force and effect and that such rents have been duly and
fully paid to an including the respective due dates immediately preceding the
date of such notice and shall constitute, as to any person entitled as
aforesaid to rely upon such statements, waiver of any defaults which may exist
prior to the date of such notice; provided, however that nothing contained in
the provision of this Section shall constitute waiver by Landlord of any
default in payment of rent or other charges existing as of the date of such
notice and, unless expressly consented to in writing by Landlord, and Tenant
shall still remain liable for the same.


 


24

















 


23.9 Waiver of Jury Trial.
In the event of any litigation arising from this Lease, both Landlord and
Tenant waive any and all rights to request a jury trial.


 


23.10 Recordings.
Tenant shall not record this Lease, or any memorandum or short form thereof,
without the written consent and joinder of Landlord, which consent shall not be
unreasonably withheld, delayed or conditioned.


 


23.11 Time of Essence.
Time is of the essence with respect to the performance of every provision of
this Lease in which time of performance is a factor.


 


23.12 Taxes on Leasehold.
Tenant shall be responsible for and shall pay before delinquency all municipal,
county or state taxes assessed during the term of this Lease against any
leasehold interest or personal property of any kind, owned by or placed in,
upon or about the Premises by the Tenant.


 


23.13 Personal Property.
Landlord shall not be liable for any damage to property of Tenant or of others
located on the Premises, nor for the loss of or damage to any property of
Tenant or of others by theft or otherwise except which result from Landlord’s
gross negligence or willful misconduct. Landlord shall not be liable for any
injury or damage to persons or property resulting from fire, explosion, falling
plaster, steam, gas, electricity, water, rain, or snow or leaks from any part
of the Premises or from the pipes, appliances or plumbing works or from the
roof, street or subsurface or from any other place or by dampness or by any
other cause of whatsoever nature except which result from Landlord’s gross
negligence or willful misconduct. Landlord shall not be liable for any such
damage caused by other tenants or persons in the Premises, occupants of
adjacent property, or caused by operation in construction of any private,
public or quasi-public work, except which result from Landlord’s gross
negligence or willful misconduct.


 


23.14 Notice by Tenant.
Tenant shall give prompt notice to Landlord in case of fire or accidents in the
Premises or in the Building or of defects therein or in any fixtures or
equipment.


 


23.15 Surrender of
Premises. At the expiration of the tenancy hereby created, Tenant shall
surrender the Premises in the same condition as the Premises were in upon the
Commencement Date, reasonable wear and tear, and damage resulting from a
casualty or taking by eminent domain excepted, and shall surrender all keys for
the Premises to Landlord at the place then fixed for the payment of rent and
shall inform Landlord of all combinations on locks, safes and vaults, if any,
in the Premises. Tenant shall remove all its trade fixtures before surrendering
the Premises as aforesaid and shall repair any damage to the Premises caused
thereby. Tenant’s obligation to observe or perform this covenant shall survive
the expiration or other termination of the term of this Lease.


 


23.16 Attorney Fees and
Costs. Tenant shall reimburse Landlord, as Additional Rent, for any
reasonable costs incurred by Landlord to enforce Tenant’s obligations under
this Lease, including without limitation, payment of Rent, whether or not legal
proceedings are initiated. However, in the event any lawsuit or litigation
concerning this Lease is initiated and a judgment rendered, the prevailing
party shall be entitled to its reasonable attorney fees and costs, through and
including any costs of appeal. This covenant shall survive the expiration or
early termination of this Lease.


 


25

















 


23.17 Governing Law.
In the event of a lawsuit, litigation or other action concerning the
interpretation of this Lease, whenever possible, venue shall be in the
appropriate court located in Lee County, Florida and the parties shall be
governed by the laws of the State of Florida. However, if the action is of such
a nature that to be enforceable it must be adjudicated in the State where the
Premises are located, then venue shall reside in the appropriate court located
in the County/Parish where the Premises are located.


 


23.18 Right of First
Refusal. So long as the Tenant is not in default under any of the terms and
conditions contained within the Lease beyond any applicable notice and cure
period, in the event Landlord enters into a contract for the sale of the
Premises in response to a bona fide third-party offer (the “Offer”) at
any time during the Term, Landlord hereby grants Tenant the right of first
refusal to purchase the Premises on the same terms and conditions specified in
the Offer.


 


(a) Within ten (10) days
of the execution of the Offer, Landlord shall deliver a complete copy of the
Offer to Tenant. Tenant shall have thirty (30) days to determine whether or not
Tenant desires to exercise its right of first refusal on the Offer and shall
provide written notice of such election within such thirty (30) day period
(unless such thirty (30) day period ends on a non business day, then such
notice will be due on the next business day). Tenant’s failure to deliver
timely notice shall be deemed as Tenant’s waiver of its right of first refusal
to that Offer (but not any subsequent Offer).


 


(b) In the event Tenant
exercises its right of first refusal, Landlord and Tenant shall enter into a
contract (the “Contract”) on the same terms and conditions as the Offer
with all time periods extended in relation to the effective dates of the Offer
and the Contract. All terms and conditions of the Lease shall continue until
the Closing under the Contract. Should Landlord fail to perform its obligations
under the Contract, Tenant shall have all rights and remedies provided in the Contract.
Should Tenant fail to perform its obligations under the Contract, Landlord
shall not only have the rights and remedies provided in the Contract, but shall
be entitled to revive the Offer and sell the Premises to the purchaser
thereunder.


 


(c) In the event that
either the Offer is terminated or a material term in the Offer is changed,
Tenant’s right of first refusal shall be reinstated as to any new offer and/or
the modified Offer, respectively. However, should Landlord timely and properly
close on the sale of the Premises to a party who is not affiliated with
Radiation Therapy Services or Theriac Enterprises (where (i) Tenant was in
default beyond any applicable notice and/or cure period, (ii) did not
timely exercise its right of first refusal, or (iii) the Contract was
properly terminated), then Tenant’s right of first refusal shall become null
and void.


 


23.19 [Florida Leases] Radon
Gas. Radon is a naturally-occurring radioactive gas that, when it has
accumulated in a building in sufficient quantities, may present health risks to
persons who are exposed to it over time. Levels of radon that exceed federal
and state guidelines have been found in buildings in Florida. Additional
information regarding radon and radon testing may be obtained from your county
public health unit. [Required in Florida
leases]


 


IN WITNESS
WHEREOF, Landlord and Tenant have executed this Lease on the dates set forth
below.


 


26

















 


	
  Signed, sealed and
  delivered in the 

  	
   

  	
  LANDLORD:

   

  THERIAC ENTERPRISES OF
  PEORIA, LLC, a

  Florida limited liability company 

  
	
  presence of:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  DDM LLC, a Florida limited
  liability

  company, its Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ Authorized Signatory

  	
   

  	
  By:  

  	
  Cheda LLC, a Florida
  limited liability 

  
	
  Print:

  	
   

  	
   

  	
   

  	
  company, its Managing
  Member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ Authorized Signatory

  	
   

  	
  By:  

  	
  /s/ Daniel E. Dosoretz

  
	
  Print:

  	
   

  	
   

  	
   

  	
  Daniel E. Dosoretz, its
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Date:

  	
  1/6/10

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TENANT:

  

  ARIZONA RADIATION THERAPY

  MANAGEMENT SERVICES, INC.,
  an Arizona corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Authorized Signatory

  	
   

  	
  By:

  	
  /s/ Bryan J. Carey

  
	
  Print:

  	
   

  	
   

  	
  Print:

  	
  Bryan J. Carey

  
	
   

  	
   

  	
   

  	
  Its:

  	
  EVP/ CFO

  
	
   

  	
   

  	
   

  	
  Date:

  	
  12/31/09

  
	
   

  	
  /s/ Authorized Signatory

  	
   

  	
   

  	
   

  
	
  Print:

  	
  SIMON BENSON

  	
   

  	
   

  	
   

  
										



 


27

















 


EXHIBIT A


 


Legal
Description and/or Floor Plan of Premises:


 


All of
Building F, of Plaza Town Center Office Condominium, a Condominium as created
by that certain declaration recorded September 7, 2006 as 2006-1189463 of
official records and shown on the plat of said condominium recorded as book 861
of maps, page 24, in the office of the county recorder of Maricopa County,
Arizona.


 


	
  Landlord’s
  Initials

  	
  /s/ Authorized
  Signatory

  	
   Tenant’s Initials

  	
  /s/ 

  	
   

  



 


28

















 


EXHIBIT B


 


FAIR MARKET RENT


 


“Fair
Market Rent” means the fair market rent of the Premises on a
specified date as agreed to by the parties, or failing such agreement within
ten (10) days of such date, as established pursuant the following
appraisal process. Each party shall within ten (10) days after written
demand by the other select one MAI Appraiser (as hereinafter defined) to
participate in the determination of Fair Market Rent. Within ten (10) days
of such selection, the MAI Appraisers so selected by the parties shall select a
third (3rd) MAI Appraiser. The three (3) selected MAI Appraisers shall
each determine the Fair Market Rent of the Premises within thirty (30) days of
the selection of the third appraiser. To the extent consistent with sound
appraisal practices as then existing at the time of any such appraisal, and if
requested by Landlord, such appraisal shall be made on a basis consistent with
the basis on which the Premises were appraised at the time of their acquisition
by Landlord. Tenant shall pay the fees and expenses of any MAI Appraiser
retained pursuant to this Exhibit.


 


If either party fails to
select a MAI Appraiser within the time period set forth in the foregoing
paragraph, the MAI Appraiser selected by the other party shall alone determine
the fair rent of the Premises in accordance with the provisions of this Exhibit and
the Fair Market Rent so determined shall be binding upon the parties. If the
MAI Appraisers selected by the parties are unable to agree upon a third (3rd)
MAI Appraiser within the time period set forth in the foregoing paragraph,
either party shall have the right to apply to the presiding judge of the court
of original trial jurisdiction in the county in which the Premises are located
to name the third (3rd) MAI Appraiser.


 


Within five(5) days
after completion of the third (3rd) MAI Appraiser’s appraisal, all three (3) MAI
Appraisers shall meet and a majority of the MAI Appraisers shall attempt to
determine the fair market rent of the Premises. If a majority are unable to
determine the fair market rent at such meeting, the three (3) appraisals
shall be added together and their total divided by three (3). The resulting
quotient shall be the Fair Market Rent. If, however, either or both of the low
appraisal or the high appraisal are more than ten percent (10%) lower or higher
than the middle appraisal, any such lower or higher appraisal shall be
disregarded. If only one (1) appraisal is disregarded, the remaining two (2) appraisals
shall be added together and their total divided by two (2), and the resulting
quotient shall be such Fair Market Rent. If both the lower appraisal and higher
appraisal are disregarded as provided herein, the middle appraisal shall be
such Fair Market Rent. In any event, the result of the foregoing appraisal
process shall be final and binding.


 


“MAI
Appraiser” shall mean an appraiser licensed or otherwise
qualified to do business in the state(s) where the Premises are located
and who has substantial experience in performing appraisals of facilities
similar to the Premises and is certified as a member of the American


 


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Institute of Real Estate
Appraisers or certified as a SRPA by the Society of Real Estate Appraisers, or,
if such organizations no longer exist or certify appraisers, such successor
organization or such other organization as is approved by Landlord.


 


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