Document:

Exhibit 10.2

 

PARTIAL TERMINATION OF LEASE AND SUBLEASE

 

THIS PARTIAL TERMINATION OF LEASE AND
SUBLEASE, dated as of this 5th day of June, 2003, by
and among SPTIHS PROPERTIES TRUST,
a Maryland real estate investment trust (“Landlord”), FIVE STAR QUALITY CARE TRUST, a Maryland
business trust (“Tenant”) and FIVE
STAR QUALITY CARE-GA, LLC, a Delaware limited liability company (“Subtenant”).

 

WITNESSETH:

 

WHEREAS, pursuant to
the terms of that certain Master Lease Agreement, dated December 31, 2001 (the
“Master Lease”), Landlord leased to Tenant and Tenant leased from
Landlord certain premises at various locations, including those premises as
more particularly described on Exhibit A attached hereto (the “Premises”);

 

WHEREAS, pursuant to
the terms of that certain Sublease Agreement dated December 31, 2001 (the “Sublease”),
Tenant subleased certain premises at various locations, including the Premises,
to Subtenant and Subtenant subleased those certain premises from Tenant;

 

WHEREAS, Landlord,
Tenant and subtenant now wish to terminate the Master Lease and the Sublease
with respect to the Premises;

 

NOW, THEREFORE, in
consideration of the mutual covenants herein contained and other good and
valuable consideration, the mutual receipt and legal sufficiency of which are
hereby acknowledged, Landlord and Tenant hereby agree as follows:

 

1.             Tenant represents and warrants that
Tenant has not assigned the Master Lease with respect to the Premises or sublet
all or any portion of the Premises (other than pursuant to the Sublease) or
otherwise granted the right to occupy all or any portion of the Premises to any
person or entity.

 

2.             Subtenant represents and warrants
that Subtenant has not assigned the Sublease with respect to the Premises or
further sublet all or any portion of the Premises or otherwise granted the
right to occupy all or any portion of the Premises to any person or entity.

 

3.             Effective as of the date hereof,
each of the Master Lease and the Sublease is terminated with respect to the
Premises and no party shall have any further rights or

 

 

liabilities thereunder with
respect to the Premises, except those rights and liabilities which by their
terms survive termination of the Master Lease or the Sublease.

 

4.             The declaration of trust
establishing Landlord, a copy of which, together with all amendments thereto
(the “Declaration”), is duly filed with the Department of Assessments
and Taxation of the State of Maryland, provides that the name “SPTIHS
Properties Trust” refers to the Trustees under the Declaration collectively as
Trustees, but not individually or personally, and no trustee, officer,
shareholder, employee or agent of Landlord shall be held to any personal
liability, jointly or severally, for any obligation of, or claim against,
Landlord.  All persons dealing with
Landlord, in any way, shall look only to the assets of Landlord for the payment
of any sum or the performance of any obligation.  The provisions of this section shall survive the closing.

 

[Signature on following page.]

 

2

 

IN WITNESS WHEREOF,
Landlord, Tenant and Subtenant have caused this Partial Termination of Lease
and Sublease to be duly executed, as a sealed instrument, as of the date first
set forth above.

 

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  	
   

  
	
   

  	
  SPTIHS PROPERTIES
  TRUST,

  
	
   

  	
  a Maryland
  real estate investment trust

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John R.
  Hoadley

  	
   

  
	
   

  	
   

  	
  Name:  John R. Hoadley

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  	
   

  
	
   

  	
  FIVE STAR
  QUALITY CARE TRUST

  
	
   

  	
  a Maryland
  business trust

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce
  Mackey

  	
   

  
	
   

  	
   

  	
  Name:  Bruce Mackey

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  SUBTENANT:

  
	
   

  	
   

  	
   

  
	
   

  	
  FIVE STAR
  QUALITY CARE-GA, LLC

  
	
   

  	
  a Delaware
  limited liability company

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce
  Mackey

  	
   

  
	
   

  	
   

  	
  Name:  Bruce Mackey

  
	
   

  	
   

  	
  Treasurer

  

 

3

 

EXHIBIT A

 

The Premises

 

[See attached legal description]

 

 

Legal Description

 

(Glenwood - Wheeler County)

 

ALL THAT TRACT or parcel of
land lying and being within the City of Glenwood, Wheeler County, Georgia, and
being more particularly described as follows:

 

BEGINNING at a railroad spike
found at the intersection of the northerly right-of-way of Fourth Avenue
(having a 70 foot right-of-way) and the easterly right-of-way of Sixth Street;
thence North 22 degrees 50 minutes 53 seconds West a distance of 189.38 feet to
a railroad spike found; thence North 67 degrees 28 minutes 46 seconds East a
distance of 400.00 feet to a railroad spike found on the westerly right-of-way
of Fifth Street (having a 70 foot right-of-way); thence along the westerly
right-of-way of Fifth Street South 22 degrees 36 minutes 47 seconds East a
distance of 189.96 feet to a nail found on the northerly right-of-way of Fourth
Avenue; thence along the northerly right-of-way of Fourth Avenue South 67
degrees 33 minutes 50 seconds West a distance of 399.23 feet to a railroad
spike found and the POINT OF BEGINNING.

 

CONTAINING 1.7400 acres or
75,795.41 square feet as shown on that certain Boundary & Above Ground
“As-Built” Survey for Glenwood/SCC, Inc.; Health and Retirement Properties
Trust, its successors and assigns; Community Care of America, Inc.; First
American Title Insurance Company, prepared by Pearson & Associates, Inc.,
bearing the seal and certification of Mark A. Buckner, Georgia
Registered Land Surveyor No. 2422, dated March 26, 1996, last revised May 3,
1996.EXHIBIT 10.7

 

Silicon Valley Bank

Amendment
to Loan Documents

 

Borrower:             InVision Technologies, Inc.

 

Date:                      August 13, 2003

 

THIS AMENDMENT TO LOAN DOCUMENTS (this
“Amendment”) is entered into between Silicon Valley Bank (“Silicon”) and the
borrower named above (“Borrower”).

 

Borrower and Silicon agree to amend the
Loan and Security Agreement between them, dated November 8, 2000 (as amended
through the date hereof, the “Loan Agreement”), as follows, effective as of the
date hereof.  (Capitalized terms used
but not defined in this Amendment shall have the meanings set forth in the Loan
Agreement.)  As used herein and in the
Loan Agreement, the term “Schedule” refers to that certain Amended and Restated
Schedule to the Loan Agreement, dated July 19, 2002 (as amended (including,
without limitation, pursuant to this Amendment), restated, supplemented, or
otherwise modified from time to time), between Silicon and Borrower, which
Schedule forms an integral part of the Loan Agreement.  For purposes of this Amendment, the Loan
Agreement shall be deemed to include the Schedule unless the context requires
otherwise.

 

1.             Modified Minimum Tangible Net Worth Financial Covenant.  The Minimum Tangible Net Worth financial
covenant set forth in Section 5 of the Schedule is hereby amended to read as
follows:

 

Minimum
Tangible

Net
Worth:                                                                                  Borrower
shall maintain a Tangible Net Worth of not less than the following:

 

For the fiscal quarter ending September 30, 2003 and
each fiscal quarter ending thereafter:  $215,000,000
plus (i) 100% of all consideration received after the date hereof for equity
securities and subordinated debt of the Borrower (exclusive of any proceeds
from such equity securities and subordinated debt that are utilized by the
Borrower for (A) the repurchase by Borrower of its own stock or (B) the
purchase price that is attributable to the intangible assets of an acquired
company in a permitted acquisition and the goodwill, if any, created by the
excess of the purchase price over the fair market value of the assets acquired
in such

 

1

 

permitted acquisition), plus (ii) 50% of the
Borrower’s net income in each fiscal quarter ending after the date hereof.  Increases in the Minimum Tangible Net Worth
Covenant based on consideration received for equity securities and subordinated
debt of the Borrower shall be effective as of the end of the month in which
such consideration is received, and shall continue effective thereafter.
Increases in the Minimum Tangible Net Worth Covenant based on net income shall
be effective on the last day of the fiscal quarter in which said net income is
realized, and shall continue effective thereafter. In no event shall the
Minimum Tangible Net Worth Covenant be decreased.

 

Provided
that the Indenture and Note are acceptable to Silicon as provided in that
certain Limited Waiver of even date herewith, then the indebtedness issued
under the Notes will be excluded from “liabilities” for the purpose of
calculating the Tangible Net Worth financial covenant (as amended).

 

2.             Addition of Minimum Cash on Hand Covenant.  The
following Minimum Cash On Hand Financial Covenant is hereby added to Section 5
of the Schedule and shall read as follows:

 

Minimum
Cash

On Hand:                                                                                            As of the
end of Borrower’s fiscal quarter ending September 30, 2003, and each fiscal
quarter ending thereafter, Borrower shall maintain a minimum of unrestricted
cash (and cash equivalents) in accounts maintained in the United States in an
amount of not less than $75,000,000.

 

3.             Modified Covenant Regarding Transactions with
Subsidiaries.  The paragraph of Section 9 of the Schedule that currently reads as
follows:

 

Transactions with Subsidiaries.  Borrower agrees that the aggregate amount of
all expenses Borrower incurs on behalf of its Subsidiaries plus the aggregate
amount of money or other assets Borrower loans and/or transfers to its
Subsidiaries shall not at anytime exceed $1,000,000 during the term of this
Agreement.  The preceding shall not
include any such expenses, loans and/or transfers incurred or made prior to the
date of this Agreement.

 

is hereby amended to
read as follows:

 

Transactions
with Subsidiaries. 
Borrower agrees that, provided no Default or Event of Default has
occurred and is continuing, the aggregate

 

2

 

amount
of all expenses Borrower incurs on behalf of its Subsidiaries plus the
aggregate amount of money or other assets Borrower loans and/or transfers to
its Subsidiaries shall not at anytime exceed $10,000,000 during any calendar
year while this Agreement is in effect.

 

4.             Acknowledgment
Regarding Exim Agreement. 
It is agreed and acknowledged that Silicon shall have no further duties
to make any loans under that certain Loan and Security Agreement (Exim Program)
executed by and between Borrower and Silicon and dated November 8, 2000 (as the
same may have been amended from time to time).

 

5.             Representations
True.  Borrower represents
and warrants to Silicon that all representations and warranties set forth in
the Loan Agreement, as amended hereby, are true and correct.

 

6.             General
Provisions.  This
Amendment, the Loan Agreement, any prior written amendments to the Loan
Agreement signed by Silicon and Borrower, and the other written documents and
agreements between Silicon and Borrower set forth in full all of the
representations and agreements of the parties with respect to the subject
matter hereof and supersede all prior discussions, representations, agreements
and under­standings between the parties with respect to the subject
hereof.  Except as herein expressly
amended, all of the terms and provisions of the Loan Agreement, and all other
documents and agreements between Silicon and Borrower shall continue in full
force and effect and the same are hereby ratified and confirmed.  

 

	
  Borrower:

  	
  Silicon:

  
	
   

  	
   

  
	
  INVISION TECHNOLOGIES, INC.

  	
  SILICON VALLEY BANK

  
	
   

  	
   

  
	
  By 

  	
  /s/  Donald M.
  Mattson

  	
   

  	
  By

  	
   /s/ Quentin Falconer

  	
   

  
	
   

  	
  President or Vice President

  	
  Title 

  	
  Senior V.P.

  	
   

  
	
   

  	
   

  
	
  By

  	
  /s/  Trâm T. Phi

  	
   

  	
   

  
	
   

  	
  Secretary or Ass’t Secretary

  	
   

  
							

 

3

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