Document:

exv10w39

Exhibit 10.39

FOURTH AMENDMENT OF LEASE

     THIS AGREEMENT, made as of the 11th day of January, 1994, between 401 PARK AVENUE
SOUTH ASSOCIATES, a New York Partnership having an office at 30 West 26th street, Eighth
Floor New York, New York (“Landlord”), and HEALTH MANAGEMENT SYSTEMS, INC., A New York Corporation
having an office at 401 Park Avenue South, New York, New York (“Tenant”).

W I T N E S S E T H

     WHEREAS, Landlord and Tenant entered into an Agreement of Lease dated September 24, 1982 as
amended and modified by a First Amendment of Lease dated January 6, 1986, and a Second Amendment of
Lease dated February 28, 1990, and a Third Amendment of Lease dated August 7, 1991 covering certain
premises on the 9th, 10th, 11th and
12th floors in the
building known as 401 PARK AVENUE SOUTH in the City, County and State of New York (said agreement
of Lease, as amended, being hereinafter called the “Lease”); and

     WHEREAS, the parties hereto desire to amend the Lease in the respects and upon the terms and
conditions hereinafter set forth.

     NOW, THEREFORE, in the consideration of the sum of One Dollar ($1.00) paid by each of the
parties hereto to the other (the receipt and sufficiency of which is hereby acknowledged) and of
other good and valuable consideration, including the covenants and understandings herein contained,
it is hereby agreed as follows:

	 	1.	 	On the Commencement Date (as such date is hereinafter
defined), the entire eighth floor of the Building shall be added to the
Demised Premises.
	 
	 	2.	 	The annual rent shall be changed to $581,154 commencing
on the date that occurs 120 days after the Commencement Date; to $689,118
on July 1, 1994 and to $797,082 on the date that occurs three years after
the Commencement Date.
	 
	 	3.	 	Effective on the Commencement Date, Article
39(f) shall be added to the Lease as follows:
	 
	 	 	 	“39. (f) In addition to any other amounts due to Landlord pursuant to the
provisions of this Article 39, commencing 120 days after the Commencement
Date, Tenant shall pay to Landlord the Eight Floor Proportionate Share of
the excess of the Taxes for any Tax Year during the term of this Lease over
the Base Eighth Floor Tax of $450,000. As used in this
Article 239(f), the Eighth Floor Proportionate Share shall be 4.165 (4.165%)
percent for the period beginning on the Commencement Date and 8.33 (8.33%)
percent beginning two years and eight months after the Commencement Date and
ending upon the expiration date of this Lease.
	 
	 	4.	 	The figure 38,350 in Article 40 (c) of the Lease shall
be changed to 47,100 on March 1, 1994; to 55,850 on the date that occurs
120 days after the Commencement Date and to

 

 

	 	 	 	64,600 on the date that occurs
two years and eight months after the Commencement Date.
	 
	 	5.	 	The amount $95,166.43 contained in Article 40 (g) of
the Lease shall be changed to $112,845 on the date that occurs 120 days
after the Commencement Date; and to $130,524 on the date that occurs two
years and eight months after the Commencement Date.
	 
	 	6.	 	The amount $45,460.25 contained in Article 40 (h) of
the Lease shall be changed to $53,905 on the date that occurs 120 days
after the Commencement Date; and to $62,350 on the date that occurs two
years and eight months after the Commencement Date.
	 
	 	7.	 	As used in this Fourth Amendment of Lease, the term
Commencement Date shall be January 11, 1994.
	 
	 	8.	 	Except as heretofore and hereby amended, all of the
terms, conditions and covenants in the Lease, including, without
limitation, the provisions of the Lease relating to additional rent shall
remain in full force and effect.

     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day
and year first above written.

	 	 	 	 	 	 	 

	 	 	401 PARK AVENUE SOUTH ASSOCIATES	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	/s/ Illegible
 

	 	 
	 
	 	 	 	 	 	 
	 	 	HEALTH MANAGEMENT SYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	/s/ Vincent Hartleyexv10w44

Exhibit 10.44

FIRST AMENDMENT OF LEASE

     THIS AGREEMENT, made as of the 25th day of November, 1987, between 401 PARK AVENUE
SOUTH ASSOCIATES, (hereinafter referred as “Landlord”) and HEALTH MANAGEMENT SYSTEMS. INC.
(hereinafter referred as “Tenant”).

W I T N E S S E T H

      WHEREAS, Landlord and Tenant entered into an Agreement of Lease dated January 6,
1986 (the “Lease”), covering certain premises known as a portion of the 11th floor in
the building known as 401 PARK AVENUE SOUTH in the City, County and State of New York; and

     WHEREAS, the parties hereto desire to amend the Lease as follows:

	 	1.	 	Commencing on the Availability Date (as
hereinafter defined) the area of the premises shall be increased to
include all available space on the 11th floor in the
building.
	 
	 	2.	 	Commencing on the Availability Date, the amount
payable for the rent pursuant to the Lease shall be increased as
follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	ANNUAL	 	MONTHLY
	FOR THE PERIOD BETWEEN:	 	INCREASE	 	INCREASE
	 	(i	)	 	February 1, 1988 and January 31, 1989
	 	$	119,092.32	 	 	$	9,924.36	 
	(ii)	 	February 1, 1989 and January 31, 1990
	 	$	126,237.84	 	 	$	10,519.82	 
	(iii)	 	February 1, 1990 and January 31, 1991
	 	$	133,812.12	 	 	$	11,151.01	 
	(iv)	 	February 1, 1991 and January 31, 1992
	 	$	141,840.84	 	 	$	11,820.07	 
	 	(v	)	 	February 1, 1992 and January 21, 1993
	 	$	150,351.36	 	 	$	12,529.28	 

	 	3.	 	Commencing on the Availability Date, the
percentage 6.0 contained in Article 39 of the Lease shall be changed to
8.333%.
	 
	 	4.	 	The term Availability Date as used in this
Amendment shall mean the date on which the premises on the
11th floor of the Building, currently occupied by Marcon
Dynamics are vacated.
	 
	 	5.	 	Except as heretofore and hereby amended, all of
the terms, conditions and covenants in the Lease, including, without
limitation, the provisions of the Lease relating to additional rent
shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written.

 

 

	 	 	 	 	 	 	 

	 	 	401 PARK AVENUE SOUTH ASSOCIATES	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	/s/ Illegible
 

	 	 
	 
	 	 	 	 	 	 
	 	 	HEALTH MANAGEMENT SYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	BY
	 	/s/ Vincent Hartleyexv10w45

Exhibit 10.45

SECOND AMENDMENT OF LEASE

     THIS AGREEMENT, made as of the 28th day of February, 1990, between 401 PARK AVENUE
SOUTH ASSOCIATES, (hereinafter referred to as “Landlord”), and HEALTH MANAGEMENT SYSTEMS, INC.,
(hereinafter referred to as “Tenant”).

W I T N E S S E T H :

     WHEREAS, Landlord and Tenant entered into an Agreement of Lease dated January 6, 1986 as
amended and modified by a First Amendment of Lease dated November 25th 1987, covering
certain premises on the 11th floor in the building known as 401 PARK AVENUE SOUTH in the
City, County and State of New York (said agreement of Lease, as amended, being hereinafter called
the “Lease”); and

     WHEREAS, the parties hereto desire to amend the Lease in the respects and upon the terms and
conditions hereinafter set forth.

     NOW, THEREFORE, in the consideration of the sum of One Dollar ($1.00) paid by each of the
parties hereto to the other (the receipt and sufficiency of which is hereby acknowledged) and of
other good and valuable consideration, including the covenants and understandings herein contained,
it is hereby agreed as follows:

	 	1.	 	The date of the expiration of the term of the Lease is
changed to May 31, 2003;
	 
	 	2.	 	The provisions contained in the First Amendment of the
Lease shall be rescinded and shall be of no further force and effect.
	 
	 	3.	 	Effective February 1, 1990, Article 39(c ) of the Lease
shall be deleted and shall be replaced with the following:
	 
	 	 	 	“(c) The “Base Tax” as such term and amount is used in this Lease shall be
equal to the following:

	 	(i)	 	$295,073 for the tax year July 1, 1990
through June 30, 1991;
	 
	 	(ii)	 	$300,974 for the tax year July 1, 1991
through June 30, 1992;
	 
	 	(iii)	 	$306,993 for the tax year July 1, 1992
through June 30, 1993;
	 
	 	(iv)	 	$313,133 for all tax years occurring during
the term of this Lease beginning July 1, 1993.”

	 	4.	 	The following shall be added as Article 40(d) to the
Lease:
	 
	 	 	 	“40. (d) Notwithstanding anything to the contrary contained in this Lease,
the amount of the Escalation Adjustment shall be $62,338 per year beginning
February 1, 1990 and ending December 31, 1993 and $93,521
per year beginning January 1, 1994 and ending on the expiration date of this
Lease.”
	 
	 	5.	 	The following should be added to the Lease as Article
40(h):

 

 

	 	 	 	“40. (h) Effective as of the first day in January of each year during the
term of this Lease, beginning January 1, 1995 there shall be an adjustment
to the amounts payable by the Tenant pursuant to the terms of the Lease.
This adjustment (hereinafter “Operating Expense Contribution”) shall
represent a contribution by Tenant to Landlord towards increases in
operating costs of the Building since the inception of this Lease. The
Operating Expense Contribution shall be equal to the sum of the Base
Operating Expense Contribution (as hereinafter defined) plus the amount
computed by multiplying 1.045% by the Operating Expense Contribution payable
in the immediately preceding year. The Base Operating Expense Contribution
shall be $14, 896.
	 
	 	 	 	Tenant shall pay the Operating Expense Contribution as additional rent, in
twelve equal monthly installments commencing as January 1st of
each year. All payments to be made pursuant to this Article are due and
payable on or before the first day of each month. And delay or failure in
billing any amount payable under this Article shall not constitute a waiver
or in any way impair the continuing obligation of Tenant to make all
payments hereunder.”
	 
	 	6.	 	The following shall be added as Article 71 to the
Lease.
	 
	 	 	 	“71. Tenant, at its sole cost and expense, may arrange to change its current
electric service so that it is directly metered by Con Edison provided that
at the expiration of the Lease Tenant arranges, at its sole cost and
expense, to remodify the electric metering service to the Demised Premises
to the condition which exists as of the date of this Agreement.”
	 
	 	7.	 	Except as heretofore and hereby amended, all of the
terms, conditions and covenants in the Lease, including, without
limitation, the provisions of the Lease relating to additional rent shall
remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written.

	 	 	 	 	 	 	 

	 	 	401 PARK AVENUE SOUTH ASSOCIATES	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	/s/ Illegible
 

	 	 
	 
	 	 	 	 	 	 
	 	 	HEALTH MANAGEMENT SYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	/s/ Vincent Hartley

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