Document:

Exhibit
10.62

 

LEASE TERMINATION
AGREEMENT

 

                This Lease
Termination Agreement (“Agreement”), dated as of December 3, 2002, is entered
into by and between TBI-Mission West LLC, a California limited liability
company (“Landlord”), and Media Arts Group, Inc., a Delaware corporation
(“Tenant”).

 

RECITALS

 

                A.            Landlord and Tenant entered into a
Lease dated December 20, 1999, and amended by a First Amendment to Lease dated
July 6, 2000 and a Second Amendment to Lease dated November 16, 2001
(collectively, the “Lease”) for those certain premises to be constructed at
18640 Madrone Parkway in Morgan Hill, California.

 

                B.            Landlord and Tenant now desire to
provide for the termination the Lease and to release Landlord from any further
obligation to construct the Building, all on the terms and conditions set forth
herein.

 

AGREEMENT

 

                In consideration
of the mutual covenants set forth herein and other valuable consideration,
Landlord and Tenant agree as follows:

 

1.             Termination of Lease. Subject to Tenant’s
performance of its obligations under paragraph 2 below, the Lease and all
rights, obligations and liabilities of Landlord and Tenant under the Lease,
except those which arise from either party’s breach of this Agreement shall
terminate effective June 1, 2002. 
Tenant shall have no obligation to pay to Landlord any of the monthly
ground rent that was due or would have been due under the Second Amendment to
Lease and Landlord hereby waives any claims against Tenant for any such ground
rent.

2.             Consideration. In consideration of the
termination of the Lease and the release of Tenant from the performance of its
obligations under the Lease, Tenant shall (i) execute and deliver to Landlord
an amendment to that certain Lease dated December 20, 1999, as amended, between
Landlord and Tenant for the premises at 925 Lightpost Way, Morgan Hill,
California, releasing certain rights of first offer, payment and option to
expand; (ii) execute and deliver to TBI-Madrone I, LLC an amendment to that
certain Lease dated December 20, 1999, as amended, between TBI-Madrone I, LLC
as landlord and Tenant for the premises at 900 Lightpost Way, Morgan Hill,
California, releasing certain rights of first offer, payment and option to
expand; and (iii) issue and deliver to Landlord a warrant to purchase 150,000
shares of Tenant’s common stock (the “Warrant”).  The Warrant shall be exercisable on or before the fifth
anniversary of the issuance dated of the Warrant and the exercise price for the
common stock underlying the Warrant shall be $2.00 per share.  Tenant shall have thirty (30) days after the
date of this Agreement to deliver the Warrant to Landlord.  Tenant’s failure to deliver the Warrant to
Landlord within such 30-day period shall constitute a default under the Lease
without further notice to Tenant.

 

-1-

 

3.             Attorneys Fees. If either party brings any action
or other proceeding to enforce or interpret any of the terms of this Agreement,
the prevailing party in such action or proceeding shall be entitled to recover
its attorneys’ fees and cost from the non-prevailing party.

4.             Successors and Assigns. This Agreement shall be
binding on and inure to the benefit of the respective heirs, successors and
assigns of the parties hereto.

	
  LANDLORD

  	
  TENANT

  
	
   

  	
   

  
	
  TBI-Mission West, LLC, a California

  	
  Media Arts Group, Inc., a Delaware

  
	
  limited liability company

  	
  corporation

  
	
   

  	
   

  
	
  By 

  	
  TBI-MWP I, a California limited

  	
  By

  	
  /s/ Herbert D. Montgomery

  
	
   

  	
  partnership, Managing Member

  	
   

  	
   

  
	
   

  	
  Its

  	
  CFO

  
	
   

  	
  By 

  	
  Toeniskoetter & Breeding, Inc.

  	
   

  
	
   

  	
  Development, a California corporation,

  	
   

  
	
   

  	
  General Partner

  	
   

  
	
   

  	
   

  
	
  By

  	
  /s/  Brad W.
  Krouskup

  	
   

  
	
   

  	
   

  	
   

  
	
  Its

  	
  President

  	
   

  
						

 

-2-Exhibit
10.63

 

 

SECOND AMENDMENT TO LEASE

 

This Second Amendment to
Lease (“Second Amendment”), dated as of December 3, 2002, is entered into by
and between TBI-Mission West, LLC, a California limited liability company
(“Landlord”) and Media Arts Group, Inc., a Delaware corporation (“Tenant”).

RECITALS

A.            Landlord and Tenant entered into a Lease dated December
20, 1999, and amended by a First Amendment to Lease dated July 6, 2000
(collectively, the “Lease”) for those certain premises at 925 Lightpost Way, Morgan
Hill, California.

B.            Landlord and Tenant now desire to amend the Lease to
remove certain rights of first offer to purchase and to payment on sale of the
Premises, and an option to expand, all of which were originally granted to
Tenant under the Lease.

AGREEMENT

In consideration of the
mutual covenants set forth herein, and other valuable consideration, receipt of
which is hereby acknowledged, Landlord and Tenant agree to amend the Lease as
follows:

1.             Option to Expand. Paragraph 41 of the Lease is
hereby deleted in its entirety.

2.             Right of First Offer to Purchase. Paragraph 42 of
the Lease is hereby deleted in its entirety.

3.             Payment to Tenant Upon Sale of Property.
Paragraph 43 of the Lease is hereby deleted in its entirety.

Except as set forth in this
Second Amendment, the Lease is unmodified and in full force and effect.

	
  LANDLORD

  	
   

  	
  TENANT

  
	
   

  	
   

  	
   

  
	
  TBI-Mission West, LLC, a California

  	
   

  	
  Media Arts Group, Inc., a Delaware

  
	
  limited liability company

  	
   

  	
  corporation

  
	
   

  	
   

  	
   

  
	
  By 

  	
  TBI-MWP I, a California limited

  	
  By

  	
  /s/ Herbert D. Montgomery

  
	
   

  	
  partnership, Managing Member

  	
   

  	
   

  
	
   

  	
   

  	
  Its

  	
  CFO

  
	
   

  	
  By 

  	
  Toeniskoetter & Breeding, Inc.

  	
   

  
	
   

  	
   

  	
  Development, a California corporation,

  	
   

  
	
   

  	
   

  	
  General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Brad W. Krouskup

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Its

  	
  President

  	
   

  
							

 

-1-Exhibit
10.64

 

 

THIRD AMENDMENT TO LEASE

 

This Third Amendment to
Lease (“Third Amendment”), dated as of December 3, 2002, is entered into by and
between TBI-Madrone I LLC, a California limited liability company (“Landlord”)
and Media Arts Group, Inc., a Delaware corporation (“Tenant”).

RECITALS

A.            Landlord and Tenant entered into a Lease dated December
20, 1999, and amended by a First Amendment to Lease dated July 21, 2000, and a
Second Amendment to Lease dated October 18, 2000 (collectively, the “Lease”) for
those certain premises at 900 Lightpost Way, Morgan Hill, California.

B.            Landlord and Tenant now desire to amend the Lease to
remove certain rights of first offer to purchase and to payment on sale of the
Premises, and an option to expand, all of which were originally granted to
Tenant under the Lease.

AGREEMENT

In consideration of the
mutual covenants set forth herein, and other valuable consideration, receipt of
which is hereby acknowledged, Landlord and Tenant agree to amend the Lease as
follows:

1.             Right of First Offer to Purchase. Paragraph 41 of
the Lease is hereby deleted in its entirety.

2.             Payment to Tenant Upon Sale of Property.
Paragraph 42 of the Lease is hereby deleted in its entirety.

3.             Option to Expand. Paragraph 43 of the Lease is
hereby deleted in its entirety.

Except as set forth in
this Third Amendment, the Lease is unmodified and in full force and effect.

	
  LANDLORD

  	
   

  	
  TENANT

  
	
   

  	
   

  	
   

  
	
  TBI-Madrone I, LLC, a California

  	
   

  	
  Media Arts Group, Inc., a Delaware

  
	
  limited liability company

  	
   

  	
  corporation

  
	
   

  	
   

  	
   

  
	
  By 

  	
  TBI-Lightpost I, a California

  	
  By

  	
  /s/ Herbert D. Montgomery

  
	
   

  	
  limited partnership, Manager

  	
   

  	
   

  
	
   

  	
   

  	
  Its

  	
  CFO

  
	
   

  	
  By 

  	
  Toeniskoetter & Breeding, Inc.

  	
   

  
	
   

  	
   

  	
  Development, a California corporation,

  	
   

  
	
   

  	
   

  	
  General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/  Brad
  Krouskup

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Its

  	
  President

  	
   

  
							

 

-1-<Page>

                                                                   EXHIBIT 10.18

                              CONSENT AND AMENDMENT

     THIS CONSENT AND AMENDMENT (this "CONSENT") dated as of April 3, 2002 to
the Credit Agreement referenced below is by and among Medical Staffing Network,
Inc., a Delaware corporation (the "BORROWER"), Medical Staffing Holdings, LLC, a
Delaware limited liability company (the "PARENT"), the Subsidiaries of the
Borrower identified as "Guarantors" on the signature pages hereto (together with
the Parent, the "GUARANTORS"), the Lenders identified on the signature pages
hereto and Bank of America, N.A., as Administrative Agent.

                               W I T N E S S E T H

     WHEREAS, a $120 million credit facility has been extended to the Borrower
pursuant to the terms of that Credit Agreement (as amended, modified and
supplemented from time to time, the "CREDIT AGREEMENT") dated as of October 26,
2001 among the Borrower, the Guarantors, the Lenders, LaSalle Bank, National
Association, as syndication agent, and General Electric Capital Corporation,
Barclays Bank, PLC, and Antares Capital Corporation, as co-documentation agents,
and Bank of America, N.A., as Administrative Agent;

     WHEREAS, the Borrower has requested certain modifications to the Credit
Agreement; and

     WHEREAS, the Required Lenders have agreed to the requested modifications on
the terms and conditions set forth herein.

     NOW, THEREFORE, IN CONSIDERATION of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1.   CAPITALIZED TERMS. Capitalized terms used herein but not otherwise
defined herein shall have the meanings provided to such terms in the Credit
Agreement.

     2.   AMENDMENTS. The Credit Agreement is amended in the following respects:

          (a)   In Section 3.3(b)(iii) of the Credit Agreement, the reference to
     "$60 million" in clause (A) of the second paragraph thereof is amended to
     read "$65 million" with respect to a Qualifying IPO that is consummated on
     or prior to July 31, 2002.

          (b)   In the definition of "PIK Financing" in Section 1.1 of the
     Credit Agreement the reference to "$60 million" in clause (a) thereof is
     amended to read "$65 million" with respect to a Qualifying IPO that is
     consummated on or prior to July 31, 2002.

          (c)   Schedule 6.27(b) to the Credit Agreement is amended by deleting
     it in its entirety and replacing it with Schedule 6.27(b) hereto.

     3.   PERIOD OF EFFECTIVENESS. Notwithstanding anything in Section 2 above
or elsewhere in this Amendment to the contrary, the amendments in Section 2(a)
and Section 2(b) shall be effective only for a Qualifying IPO that is
consummated on or prior to July 31, 2002. If a Qualifying IPO is consummated
after July 31, 2002, the amendments in Section 2(a) and Section 2(b) shall not
be effective with respect to such Qualifying IPO.

     4.   CONSENT. The Borrower's fiscal year ends on the Sunday closest to
December 31. The provisions of the Credit Agreement contemplates a December 31
fiscal year end (and fiscal quarter ends of March 31, June 30 and September 30).
The parties hereto agree that each reference to March 31, June 30, September 30
and December 31 in the Credit Agreement (other than such references in Section
2.3(c) and Section 2.4(c)) shall be deemed to refer to the last day of the
fiscal quarter or fiscal year of the Borrower, as applicable, ending on or about
such date. In addition, each reference to January 1, April 1, July 1 and October
1 in Section 7.11(a) shall be deemed to refer to the first day of the fiscal
quarter or fiscal year of the Borrower, as applicable, beginning on or about
such date.

     5.   CONDITIONS PRECEDENT. This Consent shall be effective as of the date
hereof upon (a) receipt by the Administrative Agent of multiple counterparts of
this Consent executed by the Credit Parties and the Required Lenders and (b)
payment by the Credit Parties of all fees and expenses owing to Moore & Van
Allen, PLLC, counsel to the Administrative Agent.

     6.   REAFFIRMATION OF REPRESENTATIONS AND WARRANTIES. The Borrower affirms
that the representations and warranties set forth in the Credit Agreement and
the other Credit Documents (as

<Page>

hereby amended) are true and correct as of the date hereof (except those that
expressly relate to an earlier period).

     7.   REAFFIRMATION OF GUARANTY. Each Guarantor (i) acknowledges and
consents to all of the terms and conditions of this Consent, (ii) affirms all of
its obligations under the Credit Documents and (iii) agrees that this Consent
and all documents executed in connection herewith do not operate to reduce or
discharge such Guarantor's obligations under the Credit Agreement or the other
Credit Documents.

     8.   REAFFIRMATION OF SECURITY INTERESTS. The Borrower and each Guarantor
(i) affirms that each of the Liens granted in or pursuant to the Credit
Documents are valid and subsisting and (ii) agrees that this Consent shall in no
manner impair or otherwise adversely effect any of the Liens granted in or
pursuant to the Credit Documents.

     9.   NO OTHER CHANGES. Except as modified hereby, all of the terms and
provisions of the Credit Agreement and the other Credit Documents (including
schedules and exhibits thereto) shall remain in full force and effect.

     10.  COUNTERPARTS. This Consent may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original and it shall not be necessary in making proof of this Consent to
produce or account for more than one such counterpart.

     11.  GOVERNING LAW. This Consent shall be deemed to be a contract made
under, and for all purposes shall be construed in accordance with, the laws of
the State of New York.

                                        2
<Page>

     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of
this Consent to be duly executed and delivered as of the date first above
written.

BORROWER:       MEDICAL STAFFING NETWORK, INC.,
                a Delaware corporation

                By: /s/ Kevin S. Little
                   -------------------------------------------------
                Name: Kevin S. Little
                     -----------------------------------------------
                Title: Chief Financial Officer
                      ----------------------------------------------

GUARANTORS:     MEDICAL STAFFING HOLDINGS, LLC,
                a Delaware limited liability company
                By:  MSN Holdings, Inc., a Delaware corporation,
                     its sole member

                     By: /s/ Kevin S. Little
                        -----------------------------------------------------
                     Name: Kevin S. Little
                          ---------------------------------------------------
                     Title: Chief Financial Officer
                           --------------------------------------------------

AGENT:          BANK OF AMERICA, N.A., in its capacity as Administrative Agent

                By:  /s/ James W. Ford
                   ----------------------------------------------------------
                Name: James W. Ford
                     --------------------------------------------------------
                Title: Managing Director
                      -------------------------------------------------------

<Page>

LENDERS:        BANK OF AMERICA, N.A., in its capacity as a Lender

                By: /s/ James W. Ford
                   ----------------------------------------------------------
                Name: James W. Ford
                     --------------------------------------------------------
                Title: Managing Director
                      -------------------------------------------------------

                LASALLE BANK, NATIONAL ASSOCIATION

                By:  /s/ Dana Friedman
                   ----------------------------------------------------------
                Name: Dana Friedman
                     --------------------------------------------------------
                Title: Vice President
                      -------------------------------------------------------

                GE CAPITAL CORPORATION

                By:  /s/ Brian S. Beckwith
                   ----------------------------------------------------------
                Name: Brian S. Beckwith
                     --------------------------------------------------------
                Title: Duly Authorized Signatory
                      -------------------------------------------------------

                ANTARES CAPITAL CORPORATION

                By:
                   ----------------------------------------------------------
                Name:
                     --------------------------------------------------------
                Title:
                      -------------------------------------------------------

                JP MORGAN CHASE BANK, as trustee of the
                ANTARES FUNDING TRUST created under the
                Trust Agreement dated as of November 30, 1999

                By:  /s/ Leslie Hundley
                   ----------------------------------------------------------
                Name: Leslie Hundley
                     --------------------------------------------------------
                Title: Officer
                      -------------------------------------------------------

                BARCLAYS BANK, PLC

                By:  /s/ John Giannone
                   ----------------------------------------------------------
                Name: John Giannone
                     --------------------------------------------------------
                Title: Director
                      -------------------------------------------------------

                JPMORGAN CHASE BANK

                By:  /s/ Robert Bottamedi
                   ----------------------------------------------------------
                Name: Robert Bottamedi
                     --------------------------------------------------------
                Title: Vice President
                      -------------------------------------------------------

                UBS, AG STAMFORD BRANCH

                By:
                   ----------------------------------------------------------
                Name:
                     --------------------------------------------------------
                Title:
                      -------------------------------------------------------

<Page>

                VAN KAMPEN PRIME RATE INCOME TRUST

                By:     Van Kampen Investment Advisory Corp.

                        By:  /s/ Brad Langs
                           -----------------------------------------
                        Name: Brad Langs
                             ---------------------------------------
                        Title: Vice President
                              --------------------------------------

                VAN KAMPEN SENIOR INCOME TRUST

                By:     Van Kampen Investment Advisory Corp.

                        By:  /s/ Brad Langs
                           -----------------------------------------
                        Name: Brad Langs
                             ---------------------------------------
                        Title: Vice President
                              --------------------------------------

                SALOMON BROTHERS HOLDING COMPANY, INC.

                By:
                   ----------------------------------------------------------
                Name:
                     --------------------------------------------------------
                Title:
                      -------------------------------------------------------

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