Document:

EX-10.18 Amendment to Office/Distribution Building

 

Exhibit 10.18

Fourth Amendment to Lease

This Fourth Amendment to Lease dated March 13, 2007, between Boywic Farms, Ltd., a Florida limited
partnership, as successor—in-interest to Corporate Center Developers, a Florida general
partnership (“Landlord”) and Home Diagnostics, Inc., a Florida corporation (“Tenant”) with an
original effective date of May 2, 1997, as amended December 1, 2000, August 12, 2005 and June 30,
2006 (collectively, “Lease”) for the premises located at 2400 N.W. 55th Court, Fort
Lauderdale, Florida (2400) and 2500 N.W. 55th Court, Fort Lauderdale, Florida (2500)
(collectively “Premises” or “Demised Premises”), states as follows:

Tenant shall occupy both 2400 and 2500 at a current rent of $8.55 per square foot N/N/N plus the
applicable sales tax and the applicable Common Area Maintenance (CAM) payments (estimated at $3.55
per square foot for the year 2006) plus sales tax on the CAM payments. The Demised Premised
referenced as indicated on Exhibit “A-1” of the Lease shall be deemed to include both 2400 and
2500.

Tenant hereby exercises the first of two five year options in the Lease, which shall extend the
term of the Lease from March 1st 2008 to February 28, 2013. The extension shall apply to
both 2400 and 2500 in their entirety. The parties acknowledge that Tenant is the sole tenant at the
two buildings located at 2400 N.W. 55th Court, Fort Lauderdale, Florida and 2500 N.W.
55th Court, Fort Lauderdale, Florida, with a cumulative square footage in the Premises
being rented by the Tenant equal to 72,552+/-square feet (2400 N.W. 55th Court) plus
45,339+/-square feet (2500 N.W. 55th Court) or a total of 117,951+/-square feet, all of
which shall be subject to and governed by the terms of the Lease as amended as well as the
five-year option being exercised pursuant to this Fourth Amendment to Lease and have the same
current rental rates (subject to any applicable cost of living adjustments) plus sales tax and
CAM. Landlord shall not be required to pay for any additional tenant improvements to the Premises
as a result of this exercise of the first five (5) year option.

The Annual Rent following the expiration of the initial term of this Lease, shall be increased, but
not decreased, to an amount equal to the percentage increase if any, occurring in the Consumer
Price Index (the “Index”), as defined in Paragraph 3.5 of the Lease and similar changes shall be
made on the anniversary date of the Lease.

In all other respects, the Lease shall remain unchanged.

IN WITNESS WHEREOF, the parties have executed this Amendment to Lease as of the day and year first
above written.

	 	 	 
	HOME DIAGNOSTICS, INC.

	 	BOYWIC FARMS, LTD.
	a Delaware corporation

	 	a Florida limited partnership
	 
	 	 
	By: /s/ J. RICHARD DAMRON, JR.                    

	 	By: /s/ GEORGE W. WEAVER                    

	J. Richard Damron, Jr.

	 	George W. Weaver
	President

	 	General PartnerEX-10.9 FIFTH MODIFICATION TO LOAN DOCUMENTS

 

Exhibit 10.9

FIFTH MODIFICATION TO LOAN DOCUMENTS

     THIS FIFTH MODIFICATION TO LOAN DOCUMENTS (herein the “Modification”) is made and entered into
as of this 1st day of December, 2006, by and between Intelligent Systems Corporation, a
Georgia corporation (herein the “Borrower”), QS Technologies, Inc., a Georgia corporation, Visaer,
Inc., a Delaware corporation, Corecard Software, Inc., a Delaware corporation, and Chemfree
Corporation, a Georgia corporation (the aforesaid four corporations being individually and
collectively referred to herein as the “Guarantors”), and Fidelity Bank, a Georgia state chartered
bank (f/k/a Fidelity National Bank ) (herein the “Lender”).

RECITALS:

     WHEREAS, on October 1, 2003, Lender made a loan to Borrower in the original principal amount
of One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) (the “Loan”) evidenced by
that certain Commercial Promissory Note dated October 1, 2003 executed by Borrower in favor of
Lender (herein the “Note”).

     WHEREAS, the Loan and the Note are secured and evidenced by, among other instruments, the
following:

	 	(a)	 	Security Agreement from Borrower in favor of Lender dated of even date with the
Note (herein the “Security Agreement”);
	 
	 	(b)	 	Loan Agreement by and between Borrower and Lender dated of even date with the
Note (herein the “Loan Agreement”);
	 
	 	(c)	 	Financing Statement filed in Gwinnett County, Georgia records, File no.
067-2003-010805 (herein the “Financing Statement”).
	 
	 	(d)	 	Negative Pledge Agreement by and between Borrower and Lender dated of even date
with the Note (herein the “Negative Pledge Agreement”);
	 
	 	(e)	 	Assignment of Policy as Collateral Security from Borrower in favor of Lender
dated of even date with the Note (herein the “Life Insurance Assignment”); and
	 
	 	(f)	 	Subordination Agreements from Borrower and certain of the Guarantors in favor
of Lender dated of even date with the Note (herein “Subordination Agreements”).

The Security Agreement, the Loan Agreement, the Financing Statement, the Negative Pledge Agreement,
the Life Insurance Assignment and the Subordination Agreements are collectively referred to herein
as the “Loan Documents”.

     WHEREAS, on October 1, 2003, each of the Guarantors executed a Guaranty in favor of Lender
whereby each of the Guarantors guaranteed all of the obligations of Borrower to Lender contained
under the Loan, Note and Loan Documents (herein collectively the “Guaranties”);

     WHEREAS, in order to secure their obligations under the terms of the Guaranties, each of the
Guarantors executed in favor of Lender certain Security Agreements dated October 1, 2003 (herein
the “Guarantor Security Agreements”), which Guarantor Security Agreements are further evidenced by
a Financing Statement filed in Gwinnett County, Georgia Records File No. 067-2003-010805 and that
certain Financing Statement filed with the Delaware Department of State under Filing No. 3274987
(herein

 

 

collectively the “Guarantor Financing Statements”) (the Guaranties, the Guarantor Security
Agreements and the Guarantor Financing Statements are herein collectively referred to herein as the
“Guaranty Documents”);

     WHEREAS, Lender, Borrower and the Guarantors entered into that certain First Modification of
Loan Documents dated as of September 1, 2004 for the purpose of extending the Maturity Date of the
Loan on the Note from September 1, 2004 to September 1, 2005 (all references to the Loan, Note,
Loan Documents and Guaranty shall be as amended by the aforesaid First Modification of Loan
Documents);

     WHEREAS, Lender, Borrower and the Guarantors entered into that certain Second Modification of
Loan Documents dated as of September 1, 2005 for the purpose of extending the Maturity Date of the
Loan on the Note from September 1, 2005 to September 1, 2006 and to increase the maximum
availability under the Loan and the Note from $1,500,000 to $2,000,000 (all references to the Loan,
Note, Loan Documents and Guaranty shall be as amended by the aforesaid Second Modification of Loan
Documents);

     WHEREAS, Borrower requested and Lender agreed to increase the maximum availability under the
Loan and the Note from $2,000,000 to $2,500,000 and Borrower, Guarantors and Lender entered into
that certain Third Modification of Loan Documents dated as of June 16, 2006 in order to modify and
ratify certain terms and provisions of the Note, the Loan Documents and the Guaranty Documents as
more particularly set forth therein (all references to the Loan, Note, Loan Documents and Guaranty
shall be as amended by the aforesaid Third Modification of Loan Documents);

     WHEREAS, Borrower requested and Lender agreed to decrease the maximum availability under the
Loan and the Note from $2,500,000 to $2,000,000 and to further extend the Maturity Date of the Loan
and Note from September 1, 2006 to December 1, 2006, and Borrower, Guarantors and Lender entered
into that certain Fourth Modification of Loan Documents dated as of August ___, 2006 in order to
modify and ratify certain terms and provisions of the Note, the Loan Documents and the Guaranty
Documents as more particularly set forth therein (all references to the Loan, Note, Loan Documents
and Guaranty shall be as amended by the aforesaid Fourth Modification of Loan Documents);

     WHEREAS, Borrower has requested and Lender has agreed to further extend the Maturity Date of
the Loan and Note from December 1, 2006 to December 1, 2007 and Borrower, Guarantors and Lender
desire to enter into this Amendment in order to modify and ratify certain terms and provisions of
the Note, the Loan Documents and the Guaranty Documents as more particularly set forth herein.

     NOW, THEREFORE, for and in consideration of Ten and No/100 Dollars ($10.00) and other good and
valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged,
Lender, Borrower and Guarantors hereby agree as follows:

     1. Recitals. The foregoing recitals are true and correct and are incorporated herein
by this reference.

     2. Capitalized Terms. All capitalized terms contained in this Modification shall have
the same meaning afforded to them in the Note, Loan Documents and Guaranty Documents.

     3. Specific Modifications to Documents.

	 	a.	 	The maximum availability under the terms of the Loan
shall continue to be $2,000,000 during the remaining term of the Loan.
	 
	 	b.	 	The Maturity Date of the Loan and the Note is hereby
extended from December 1, 2006 to December 1, 2007.

     4. No Impairment. Borrower and Guarantors agree that the terms and provisions hereof
shall in no manner impair, limit, restrict or otherwise affect the obligations of Borrower and
Guarantors to Lender

2

 

or the priority of any lien evidenced by the Note, the Loan Documents or the Guaranty Documents,
except as modified hereby.

     5. No Defenses. Borrower and Guarantors acknowledge that they have no offsets,
claims, counterclaims or defenses against Lender or under any of their obligations contained in the
Note, the Loan Documents or the Guaranty Documents and to the extent any such offsets, claims,
counterclaims, or defenses exist, the same are hereby waived by the Borrower and Guarantors.

     6. Ratification. Except as amended hereby, each and every term and provision of the
Note, the Loan Documents and the Guaranty Documents are hereby ratified and affirmed by Borrower
and Guarantors and shall remain in full force and effect. The Guarantors hereby specifically
acknowledge and consent to the decrease of the extension of the Maturity Date from December 1, 2006
to December 1, 2007, as well as the prior release by Lender of (i) all of Lender’s collateral
interest with respect to Borrower’s interest in Horizon Software International, LLC and (ii) all of
Lender’s collateral interest in certain of the primary assets of QS Technologies, Inc.

     7. No Novation. It is the intention of the parties hereto that the execution and
delivery of this Modification shall in no way constitute a novation or extinguishment of the debt
evidenced by the Note, Loan Documents or the Guaranty Documents.

     8. Effect of Modification. In signing this Modification, the parties hereto expressly
certify and covenant that they have carefully read all provisions contained herein, have had an
opportunity to consult with legal counsel of their choosing and to consider the ramifications and
terms of this Modification, and they have voluntarily signed this Modification with the
understanding that it will be final and binding as to their interests and they have had a
sufficient opportunity to review the Modification and consult with counsel of their choice prior to
making such decision to execute this Modification. The parties hereby represent and warrant that
this Modification is executed without reliance on any statement or representation of the other,
except as expressly set forth in the within and foregoing Modification, and this Modification
constitutes the entire Modification between the parties hereto and that no promise or inducement or
consideration, other than that expressed in the within and foregoing Modification, has been offered
or accepted and all such prior inducements or considerations are deemed merged herein.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

[SIGNATURES COMMENCE ON FOLLOWING PAGE]

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     IN WITNESS WHEREOF, Borrower, Guarantors and Lender have set their hands and seals to this
Fifth Modification as of the day and year first above-written.

	 	 	 	 	 
	 	 	BORROWER:
	 
	 	 	INTELLIGENT SYSTEMS CORPORATION,

a Georgia corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ J. Leland Strange
	 

	 	 	 	 
	 

	 	Title:
	 	President & CEO
	 

	 	Attest:
	 	/s/ Bonnie Herron
	 

	 	 	 	 
	 

	 	Title:
	 	Secretary
	 
	 	 	 	 
	 	 	[CORPORATE SEAL]

	

	 	 	 	 
	 	 	GUARANTORS:
	 
	 	 	QS TECHNOLOGIES, INC., a Georgia corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ J. Leland Strange
	 

	 	 	 	 
	 

	 	Title:
	 	President
	 

	 	Attest:
	 	/s/ Bonnie Herron
	 

	 	 	 	 
	 

	 	Title:
	 	Secretary
	 
	 	 	 	 
	 	 	[CORPORATE SEAL]

	 
	 	 	 	 
	 

	 	VISAER, INC., a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Spellman
	 

	 	 	 	 
	 

	 	Title:
	 	President & COE
	 

	 	Attest:
	 	/s/ Martin Crockett
	 

	 	 	 	 
	 

	 	Title:
	 	Controller
	 
	 	 	 	 
	 	 	[CORPORATE SEAL]

	 
	 	 	 	 
	 	 	CORECARD SOFTWARE, INC.,
a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ J. Leland Strange
	 

	 	 	 	 
	 

	 	Title:
	 	President
	 

	 	Attest:
	 	/s/ Bonnie Herron
	 

	 	 	 	 
	 

	 	Title:
	 	Secretary
	 
	 	 	 	 
	 	 	[CORPORATE SEAL]
	 
	 	 	 	 
	 	 	CHEMFREE CORPORATION,

a Georgia corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Francis A. Marks
	 

	 	 	 	 
	 

	 	Title:
	 	President
	 

	 	Attest:
	 	/s/ Bonnie Herron
	 

	 	 	 	 
	 

	 	Title:
	 	Secretary
	 
	 	 	[CORPORATE SEAL]

(SIGNATURES CONTINUED ON FOLLOWING PAGE)

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(SIGNATURE PAGE TO FIFTH MODIFICATION TO LOAN DOCUMENTS)

	 	 	 	 	 
	 	 	LENDER:
	 
	 	 	 	 
	 	 	FIDELITY BANK,
	 	 	a Georgia state chartered bank
	 	 	(f/k/a Fidelity National Bank)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Rusty Bramlett
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 	 	(BANK SEAL) 

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