Exhibit 10.30
FULL SERVICE
LEASE
BRANDYWINE OPERATING PARTNERSHIP, L.P.
Landlord
and
MEDQUIST INC.
Tenant
for Bishops Gate Corporate Center
1000 Bishops Gate Boulevard
Mt. Laurel, New Jersey
E-1
TABLE OF CONTENTS
Page
1.
SUMMARY OF DEFINED TERMS
1
2.
PREMISES
3
3.
TERM
3
4.
CONSTRUCTION BY LANDLORD
4
5.
FIXED RENT AND SECURITY DEPOSIT
6
6.
ADDITIONAL RENT
6
7.
ELECTRICITY CHARGES
11
8.
SIGNS; USE OF PREMISES AND COMMON AREAS
11
9.
ENVIRONMENTAL MATTERS
13
10.
TENANT'S ALTERATIONS
15
11.
CONSTRUCTION LIENS
16
12.
ASSIGNMENT AND SUBLETTING
17
13.
LANDLORD'S RIGHT OF ENTRY
20
14.
REPAIRS AND MAINTENANCE
20
15.
INSURANCE; SUBROGATION RIGHTS
21
16.
INDEMNIFICATION
22
17.
QUIET ENJOYMENT
23
18.
FIRE DAMAGE
23
19.
SUBORDINATION; RIGHTS OF MORTGAGEE
24
20.
CONDEMNATION
25
21.
ESTOPPEL CERTIFICATE
26
22.
DEFAULT
26
23.
LANDLORD'S LIEN
30
24.
LANDLORD'S REPRESENTATIONS AND WARRANTIES
30
25.
SURRENDER
30
26.
RULES AND REGULATIONS
31
27.
GOVERNMENTAL REGULATIONS
31
28.
NOTICES
32
29.
BROKERS
32
30.
CHANGE OF BUILDING/PROJECT NAME
32
31.
LANDLORD'S LIABILITY
33
32.
AUTHORITY
33
33.
NO OFFER
33
34.
RENEWAL
33
35.
EXPANSION RIGHTS
36
35.
ROOF RIGHTS
36
36.
RELOCATION
36
37.
MISCELLANEOUS PROVISIONS
36
38.
CONSENT TO JURISDICTION
39
39.
WAIVER OF TRIAL BY JURY
39
40.
EXCLUSIVE USE
39
i
EXHIBITS
EXHIBIT "A"
-
PLAN OF PREMISES
EXHIBIT "B"
-
CONFIRMATION OF LEASE TERM
EXHIBIT "C"
-
RULES AND REGULATIONS
EXHIBIT "D"
-
CLEANING SPECIFICATIONS
EXHIBIT "E"
-
WORK LETTER
ii
LEASE
THIS LEASE ("Lease") entered into as of the
day of June, 2003,
between BRANDYWINE OPERATING PARTNERSHIP, L.P., a Delaware limited partnership
("Landlord") and MEDQUIST INC., a New Jersey corporation, with its principal
place of business at 1000 Bishops Gate Boulevard, Mt. Laurel, New Jersey
("Tenant").
WITNESSETH
In consideration of the mutual covenants herein set forth, and intending to be
legally bound, the parties hereto covenant and agree as follows:
1.
SUMMARY OF DEFINED TERMS
The following defined terms, as used in this Lease, shall have the meanings and
shall be construed as set forth below:
(A)
"BUILDING":
THE BUILDING TO BE BUILT AT 1000 BISHOPS GATE
BOULEVARD, MT. LAUREL, NEW JERSEY 08054.
(B)
"PROJECT":
THE BUILDING, THE LAND AND ALL OTHER IMPROVEMENTS
LOCATED AT BISHOPS GATE CORPORATE CENTER, MT.
LAUREL, NEW JERSEY 08054.
(C)
"PREMISES":
ALL OF THE THIRD FLOOR AND A PORTION OF THE SECOND
FLOOR CONTAINING APPROXIMATELY 28,673 RENTABLE SQUARE FEET OF THE BUILDING SHOWN
ON THE MUTUALLY AGREED UPON SPACE PLAN ATTACHED HERETO AS EXHIBIT "A" AND MADE A
PART HEREOF.
WITHIN SIXTY DAYS OF THE COMMENCEMENT DATE, LANDLORD'S ARCHITECT
SHALL UTILIZE THE 1996 BOMA STANDARD TO DETERMINE TENANT'S RENTABLE SQUARE
FOOTAGE OF THE PREMISES AND TENANT'S ALLOCATED SHARE.
(D)
"TERM":
FROM THE COMMENCEMENT DATE FOR A PERIOD OF 84 MONTHS.
(E)
"FIXED RENT":
LEASE YEAR
RENT PER S.F.
MONTHLY
INSTALLMENTS
ANNUAL
FIXED RENT
Months 1-60
$
20.30
*
$
48,505.16
$
582,061.90
Months 61-84
$
21.30
*
$
50,894.58
$
610,734.90
* plus amounts pursuant to Articles