Document:

exv10w34w1

Exhibit 10.34.1

SECOND AMENDMENT TO LEASE AGREEMENT

     THIS SECOND AMENDMENT TO LEASE AGREEMENT (this “Second Amendment”) is made and entered into as
of August _, 2009, but made effective as of August 1, 2009, by and between ATLANTA LAKESIDE REAL
ESTATE, L.P. , a Georgia Limited Partnership (“Landlord”) and MEDQUIST TRANSCRIPTIONS, LTD. (as
successor to Lanier Healthcare, L.L.C.), a New Jersey corporation (“Tenant”).

WITNESSETH:

     WHEREAS, Landlord and Lanier Healthcare, L.L.C. entered into that certain Lease Agreement
dated September 6, 2002 (the “Lease”), for premises consisting of approximately 38,113 square feet
of space (the “Premises”) located at 5430 Metric Place, Suite 200, Norcross, Georgia 30092;

     WHEREAS, Lanier Healthcare, L.L.C. was acquired by Tenant on July 1, 2002; on December 6, 2005
Lanier Healthcare, L.L.C. changed its name to MedQuist Healthcare, L.L.C.; and on December 30, 2005
MedQuist Healthcare, L.L.C. merged with and into Tenant so that Tenant ultimately succeeded Lanier
Healthcare, L.L.C. as Tenant under the Lease;

     WHEREAS, Landlord and Tenant entered into that First Amendment to Lease Agreement dated March
1, 2009 to extend the term of the Lease (the “First Amendment”); and

     WHEREAS, Landlord and Tenant

 

 

desire to enter into this Second Amendment for the purpose of increasing the size of the
Premises and to clarify certain other matters.

     NOW THEREFORE, for and in consideration of the premises hereto, the keeping and performance of
the covenants and agreements hereinafter contained, and for Ten and No/100 Dollars ($10.00) and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant, intending to be legally bound, agree as follows:

     1. Recitals/Defined Terms. The above recitals are true and correct and are hereby
incorporated into this Second Amendment as if set forth herein at length. All terms used herein and
denoted by their initial capitalization shall have the meanings set forth in the Lease unless set
forth herein to the contrary.

     2. Increase in Size of the Premises. Effective August 1, 2009 and for the remaining
term of the Lease, the Premises shall increase by 1,997 RSF (the “Expansion Premises”) up to a
total of 21,468 RSF as shown on the floor plan attached as Exhibit A. Effective August 1, 2009
Tenant’s Percentage Share for the Premises shall be 37.01%. Notwithstanding Paragraph 3 of the
First Amendment, Landlord will not demise the 3,994 RSF of vacated space which was a portion of the
space vacated in the First Amendment (the “Vacated Space”), as shown on Exhibit A. Landlord and
Tenant agree that Tenant shall lease the Expansion Premises in its “as is” condition as of August
1, 2009, as shown on Exhibit A. Tenant agrees to use only the Expansion Premises, being 1,997 RSF
of the undemised Vacated Space. Landlord may offer the remaining 1,997 RSF of Vacated Space for
lease. If Landlord receives a bonafide offer for such space Landlord shall notify Tenant in writing
of such offer and Tenant shall have 10 business days after receipt of the notice to add the 1,997
RSF to its current Lease and to extend the term of the Lease for the entire Premises so that five
full years remain on the term of the Lease from the date of adding the 1,997 RSF to the Lease. Such
additional 1,997 RSF shall be leased at the then existing rates with rates beyond 7/31/2014 being
escalated at 3% per annum. All other terms and conditions of the Lease shall apply to the
additional 1,997 RSF. If Tenant declines to add the 1,997 RSF to the Lease under such terms,
Landlord may lease the space and construct a demising wall at its sole cost and expense. If
Landlord constructs such demising wall, Landlord shall use its best efforts to not unreasonably
interfere with the conduct of Tenant’s business operations. However, in the event Landlord fails to
enter into a lease with the subject prospective tenant, then Tenant shall have an ongoing right of
first refusal (on the terms set forth above) with respect to any subsequent prospective tenant for
the remaining 1,997 RSF of Vacated Space.

     3. Base Rental. Effective August 1, 2009 the Base Rental for the 21,468 RSF shall be
as follows:

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Base	 	Base	 	Base
	Term	 	Rental PSF	 	Rental Amount	 	Rental Monthly
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	8/1/09 — 2/28/10
	 	$	12.00	 	 	$	257,616.00	 	 	$	21,468.00	 
	3/1/10 — 2/28/11
	 	$	12.36	 	 	$	265,344.48	 	 	$	22,112.04	 
	3/1/11 — 2/28/12
	 	$	12.73	 	 	$	273,287.64	 	 	$	22,773.97	 
	3/1/12 — 2/28/13
	 	$	13.11	 	 	$	281,445.48	 	 	$	23,453.79	 
	3/1/13 — 2/28/14
	 	$	13.50	 	 	$	289,818.00	 	 	$	24,151.50	 
	3/1/14 — 7/31/14
	 	$	13.91	 	 	$	298,619.88	 	 	$	24,884.99	 

     4. Parking. Effective as of August 1, 2009, Landlord shall provide Tenant 97 parking
spaces free and unassigned.

     5. Binding Effect. This Second Amendment shall be governed by and construed in
accordance with the laws of the State of Georgia, and shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, successors, representatives and assigns,
but always subject, in the case of Tenant, to the limitations on assignment and sublease set forth
in the Lease. In the event of any inconsistency or conflict between the terms of this Second
Amendment and of the Lease, the terms hereof shall control. Time is of the essence of all of the
terms of this Second Amendment.

     6. Continued Validity. Except as hereinabove provided, all other terms and conditions
of the Lease shall remain unchanged and in full force and effect, and are hereby ratified and
confirmed by Landlord and Tenant.

     7. Modifications. This Second Amendment may not be changed, modified, discharged or
terminated orally in any manner other than by an agreement in writing signed by Landlord and Tenant
or their respective heirs, representatives, successors and permitted assigns.

     8. Authority. The person executing this Second Amendment on behalf of Tenant does
hereby personally represent and warrant that Tenant is a validly existing corporation and is fully
authorized and qualified to do business in the State of Georgia, that the corporation has full
right and authority to enter into this Second Amendment, and that the undersigned, who is signing
on behalf of the corporation, is a duly authorized officer of the corporation and is authorized to
sign on behalf of the corporation. The person executing this Second Amendment on behalf of Landlord
does hereby personally represent and warrant that Landlord is a validly existing limited
partnership and is fully authorized and qualified to do business in the State of Georgia, that the
limited partnership has full right and authority to enter into this Second Amendment, and that the
undersigned, who is signing on behalf of the limited partnership, is a duly authorized officer of
the limited partnership and is authorized to sign on behalf of the limited partnership.

     9. Broker. Landlord and Tenant represent and warrant to the other that Resource Real
Estate Partners, L.L.C. represents the Landlord in connection with this transaction and CB Richard
Ellis represents the Tenant (collectively, the “Brokers”). Tenant and Landlord warrant that they
have had no dealings with any broker or agent in connection with the negotiations or execution of
this Second Amendment other than the Brokers, and Landlord and Tenant agree to indemnify the other
against all costs, expenses, reasonable attorney’s fees, or other liability for commissions or
other compensation or charges resulting from a breach of such representations. The parties
acknowledge and agree that the Brokers shall be paid a fee by Landlord pursuant to a separate
agreement and upon full execution of this Second Amendment.

 

 

     IN WITNESS WHEREOF, the parties have set their hands and affixed theirs seals to
this Second Amendment to be effective as of the day and year first above written.

	 	 	 	 	 
	 	LANDLORD:

ATLANTA LAKESIDE REAL ESTATE, L.P.,

a Georgia Limited Partnership

 	 
	 	By:  	/s/ Alexander Logan
 	 
	 	 	Alexander Logan, Authorized Agent 	 
	 	 	 	 
	 	TENANT:

MEDQUIST TRANSCRIPTIONS, LTD., a New Jersey corporation

 	 
	 	By:  	/s/ Dominick Golio
 	 
	 	 	Name:  	Dominick Golio 	 
	 	 	Title:  	Chief Financial Officerexv10w1

Exhibit 10.1

AGREEMENT

     I have chosen to resign my position as Executive Vice President and Chief Marketing Officer of
Campus Crest Communities, Inc. (“Campus Crest”) and my employment with Campus Crest in accordance
with the letter attached hereto as Exhibit A.

     In exchange for the consideration listed on Exhibit B from Campus Crest, the sufficiency of
which is acknowledged and agreed, I hereby terminate any Employment Agreements I have with Campus
Crest or any parent, affiliated or subsidiary entity, and I, on behalf of myself and anyone who may
claim by or through me, release, remise and forever discharge Campus Crest and its parent,
affiliated and subsidiary companies and the current and former directors, officers, employees,
agents and assigns of any of them (hereinafter “Releases”) from any and all liabilities, claims,
demands, causes of action, claims and/or suits at law or in equity, whether known or unknown, that
I, individually, had, or may have had against Releases for any violation or alleged violation of
any equal employment opportunity laws, ordinances, regulations or orders based on race, gender or
any other protected status (including, but not limited to, Title VII of the Civil Rights Act of
1964, as amended, 42 U.S.C. § 2000e et seq., the Civil Rights Act of 1866, 42 U.S.C. §§
1981 and 1981A et seq., and any other applicable federal, state or local constitutional or
statutory provisions, orders or regulations) arising out of any event occurring or act done or
omitted to be done during my employment and to the date I sign this release. This release is
intended by me to be a full, binding, and permanent release of all claims which were or could have
been alleged or discovered by me and shall be construed broadly to effectuate this purpose.

     I acknowledge that, upon receipt of my final paycheck, The Releasees will have paid me all
wages, compensation, benefits or other remuneration or consideration due. I accept this severance
in lieu of any other severance, compensation or benefits to which I might otherwise be entitled.

     I further agree that I will not in any way disparage or attempt to disparage or make negative
or unfavorable comments, orally or in writing, about Campus Crest, its officers, employees,
subsidiaries or related companies and their employees. I will not discuss Campus Crest or comment
on Campus Crest in any manner and in any forum or to disclose to any person

 

 

or entity, at any time, any information concerning Campus Crest, even if it is information
that is already in the public domain, without first obtaining the Campus Crest’s written consent.
I acknowledge that, as used here, discussion includes, but is not limited to online posting,
blogging, or other forms of electronic media, as well as broadcast or print media. I will not
disclose, instigate the disclosure of, or cause to be disclosed, any of the terms, conditions,
amounts, or any other details of this Agreement, except to the extent necessary to comply with
judicial process or tax reporting requirements. I further acknowledge and agree that the
Confidentiality and Noncompetition Agreement that I have previously entered into with Campus Crest
remains in full force in effect and will be administrated per the terms of those agreements. I
agree to abide by those agreements.

This Agreement is entered into between the parties for the purpose of resolving their disputes and
avoiding litigation. The parties disclaim any wrongdoing and this Agreement is not an admission by
any party that either has acted wrongfully or has any claim against the other or is covered by any
law, statute or provision.

This Agreement is governed by North Carolina law. The Agreement’s provisions are severable and if
any part is found unenforceable, the other parts will remain fully valid and enforceable.

I represent that I have not relied upon any representation by any agent or representative of Campus
Crest with regard to the subject matter, basis or effect of this Agreement and have not assigned
any claim or cause of action to any third party. I agree that my heirs, administrators, executors,
successors and assigns are bound by this Agreement and it inures to the benefit of the Releasees’
heirs, administrators, executors, successors and assigns.

Except as stated herein, this Agreement replaces and supersedes any other agreement between the
parties relating to its subject matter. No amendment or modification shall be of any force unless
in writing and signed by the party against whom it is sought to be enforced.

	 	 	 
	/s/ Shannon N. King

	 	October 22, 2010
	 

	 	 
	Shannon N. King

	 	Date
	339 Union Street

Concord, NC 28025
	 	 

Sworn to and subscribed this the 22nd day of October, 2010.

	 	 	 	 
	 
	 	 
	 
	 	 
	 
	Notary Public
	 
	 	 
	My Commission Expires:
	 	 
	 

	 	 
	 
	 	 
	Agreed and accepted: by

	 	 /s/ Ted Rollins 
	 

	 	Ted W. Rollins

 

 

Exhibit A

Earl C. Howell

President & COO

Campus Crest Communities, Inc

2100 Rexford Road Suite 414

Charlotte, NC 28211

Dear Earl,

I hereby tender my resignation as Executive Vice President & Chief Marketing Officer of Campus
Crest Communities, Inc. for personal reasons. I will work a 2 week notice period.

Sincerely,

/s/ Shannon N. King

Shannon N. King

 

 

Exhibit B

	1.	 	Employee will work a two week transition period subsequent to the announcement.
	 
	2.	 	Employee will receive the equivalent of 6 months of severance, less applicable taxes,
other deductions currently being taken and the amount will be paid in a lump sum.
	 
	3.	 	The 7,789 vested restricted stock from the DCP plan allocated to the employee will be
distributed as directed by the employee.
	 
	4.	 	The employee will retain 2 phone numbers and phones.
	 
	5.	 	The employee will retain the computer.
	 
	6.	 	The employee will retain the auto and it will be titled in the employee’s name.

 

 

ADDENDUM TO RELEASE

     On October 22, 2010, I resigned my employment with Campus Crest Communities, Inc. (Campus
Crest) and entered into a full and general Release (“Release”) of Campus Crest and its affiliated
and subsidiary companies and the current and former directors, officers, employees, agents and
assigns of any of them (hereinafter “Releasees”). In the Release, the parties agreed that I would
continue to work for Campus Crest for two weeks after signing the Release. That two week period
has concluded and my employment with Campus Crest has ended.

     As such, and in exchange for the consideration in the Release, the consideration herein and
the additional sum of $100, the receipt and sufficiency of which is acknowledged, I enter into this
Addendum to the Release (“Addendum”) and hereby acknowledge and agree as follows:

     The terms of the Release are incorporated herein.

     I acknowledge and agree on behalf of myself and anyone who may claim by or through me, to
release, remise and forever discharge the Releasees from any and all liabilities, claims, demands,
causes of action and/or suits at law or in equity, including but not limited to any claims for back
wages, front pay, compensatory or punitive damages, liquidated damages, fees, costs or any other
relief or award at law or in equity, whether known or unknown, that I had, or may have had, or may
have in the future for any alleged violation of any law, including, but not limited to, any alleged
violation of any equal employment opportunity laws, ordinances, regulations or orders based on
race, gender or any other protected status (including, but not limited to, Title VII of the Civil
Rights Act of 1964, as amended, 42 U.S.C. § 2000e et seq., the Civil Rights Act of 1866, 42
U.S.C. §§ 1981 and 1981A et seq., and any other applicable federal, state or local
constitutional or statutory provisions, orders or regulations) arising out of or relating to any
act, omission or event, relating to my employment, cessation of employment or otherwise, occurring
up to and including the date I sign this release. This release is intended by me to be a full,
binding, and permanent release of all claims which were or could have been alleged or discovered by
me and shall be construed broadly to effectuate this purpose.

     In addition, I acknowledge and agree that (i) I have received on or about this date 7,789
shares of common stock of Campus Crest (the “King Shares”), (ii) the King Shares are in
complete satisfaction of my vested interest in awards under the terminated deferred compensation
plan (the “DCP”) of Campus Crest Group, LLC, (iii) I have agreed with Campus Crest to
accept, and by execution of this Addendum do hereby accept, receipt of the King Shares as of the
date hereof notwithstanding that Section (D) of Exhibit A attached to my Employment Agreement with
Campus Crest, dated October 19, 2010, states that such shares will not be issued until one year
after the date of termination of the DCP and (iv) I do not have any claim, interest, right or title
to any shares of common stock of Campus Crest other than the King Shares.

     This Addendum is entered into to resolve any disputes between the parties and to avoid
litigation. The parties disclaim any wrongdoing and this Agreement is not an admission by any
party that either has acted wrongfully or has any claim against the other or is covered by any law,
statute or provision.

 

 

     This Addendum is governed by North Carolina law, its provisions are severable and if any part
is found unenforceable, the other parts will remain fully valid and enforceable. No amendment or
modification shall be of any force unless in writing and signed by the party against whom it is
sought to be enforced.

[Signatures Follow]

 

 

	 	 	 
	/s/ Shannon N. King

	 	November 5, 2010
	 

	 	 
	Shannon N. King

	 	Date
	339 Union Street

Concord, NC 28025
	 	 

Sworn to and subscribed this the 5th day of November, 2010.

	 	 	 	 
	 
	 	 
	 
	 	 
	 
	Notary Public
	 
	 	 
	My Commission Expires:
	 	 
	 

	 	 

 

	 	 	 
	/s/ Donald L. Bobbitt, Jr.

	 	November 5, 2010
	 

	 	 
	Campus Crest Communities, Inc.

	 	Date

By: Donald L. Bobbitt, Jr.

Its: Chief Financial Officer, Executive Vice President and Secretary

Sworn to and subscribed this the 5th day of November, 2010.

	 	 	 	 
	 
	 	 
	 
	 	 
	 
	Notary Public
	 
	 	 
	My Commission Expires:

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