Document:

exv10w33w2

Exhibit 10.33.2

ASSIGNMENT, ASSUMPTION AND

AGREEMENT TO RELINQUISH OFFICE SPACE

AND AMENDMENT TO OFFICE LEASE AGREEMENT

     This ASSIGNMENT, ASSUMPTION AND AGREEMENT TO RELINQUISH OFFICE SPACE AND AMENDMENT TO OFFICE
LEASE AGREEMENT (the “Agreement”) is dated the 22nd day of April, 2010, by and between Carothers
Office Acquisition LLC, a Delaware limited liability company, successor in Interest to Ford Motor
Land Development Corporation, a Delaware corporation (“Landlord”), and MedQuist Transcriptions,
Ltd., a New Jersey limited partnership (“Assignee” or “Tenant”).

WITNESSETH:

     WHEREAS,
Spheris Operations, Inc., a Tennessee corporation (“Spheris”), and Landlord’s
predecessor, Ford Motor Land Development Corporation, entered Into that certain Lease Agreement
dated June 8, 2008 (the “Original Lease”) consisting of space on floors 1, 2 and 3 of that certain
multi-tenant office building known as “The Carothers Building” (the “Building”), which premises
is located in sections of the Building known as “Building C” and “Building A” (the “Leased
Premises”) at 9009 Carothers Parkway, City of Franklin, Williamson County, Tennessee 37067; and

     WHEREAS, Landlord and Spheris entered into that certain Amendment to Office Lease Agreement
dated March 27, 2009 (the “Amendment”) (the Original Lease and the Amendment are collectively
referred to as the “Lease Agreement”; a copy of the Lease Agreement is attached hereto as
Exhibit A); and

     WHEREAS, on February 3, 2010, Spheris filed for bankruptcy protection in the United States
Bankruptcy Court for the District of Delaware (the “Petition”); and

     WHEREAS, in connection with the Petition, Assignee has agreed to purchase substantially all
of the assets of Spheris (the “Acquisition”); and

     WHEREAS, the Acquisition is scheduled to close as of the date of this Agreement; and

     WHEREAS, as a result of the Acquisition, Spheris shall assume the Lease Agreement and assign
the Lease Agreement to Assignee, Assignee has agreed to accept assignment of the Lease Agreement
conditional upon entering this Agreement with the Landlord which modifies Assignee’s and
Landlord’s rights and obligations under the Lease Agreement, such modification being made in part
because Assignee desires to utilize less than all of the Leased Premises for its business
operations; and

     WHEREAS, Landlord and Assignee have agreed to reduce the size of the
Leased Premises and to amend the Lease Agreement to reflect such reduced size of
the Leased Premises leased by Tenant, subject to the conditions and agreements
provided for herein.

 

 

     NOW, THEREFORE,
for and in consideration of the premises, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties herewith covenant and agree as follows:

     1. Assignment and Assumption: Commencement Data and Term.

          (a) In connection with the Acquisition, Spheris will assign, transfer and
set over unto Assignee all of Spheris’s right, title and interest in, under and to the Lease
Agreement.

          (b) Assignee hereby accepts the foregoing assignment and hereby
agrees to perform all of the terms and conditions of the Lease Agreement to be
performed on the part of Spheris and assumes all of the liabilities and obligations of
Spheris under the Lease Agreement, as amended hereby, arising or accruing on or
after the Commencement Date (as defined herein), including, without limitation, liability
for the payment of Rent and for the due performance of all the terms, covenants and
conditions of the tenant pursuant to the Lease Agreement, as amended hereby.

          (c) This Agreement shall be effective as of the closing of the
Acquisition by Assignee (the “Commencement Date”). The Term of the Lease
Agreement, other than with respect to the Relinquished Space (as defined herein),
which shall expire July 31, 2010, shall expire as currently provided for in the Lease
Agreement, or December 31, 2016.

     2. Consent to Assignment Effective as of the Commencement Date,
Landlord hereby (a) consents to the assignment effected hereby, and (b) agrees to
recognize Assignee as the tenant under the Lease Agreement, as amended herewith.

     3. Agreement to Relinquish Space. On or before July 31, 2010 (the
“Downsize Date”), Tenant shall promptly vacate and relinquish the portion of the Leased
Premises described as Floor 3 of Building C, consisting of 23,876 rentable square feet
(the “Relinquished Space”) to Landlord. Tenant shall continue to pay Rent and any
Operating Expenses pursuant to the Lease Agreement until the Downsize Date,
pursuant to the Rent Schedule attached hereto as Exhibit B. The Relinquished Space
shall be turned over to Landlord on the Downsize Date as if the lease for such space
expired or was terminated, and shall be in the condition required by Section 8 of the
Lease Agreement and under other applicable provisions of the Lease Agreement.

     4. Amendment to
Lease Agreement; Reduction in Size of Leased
Premises. As of the Downsize Date, the Leased Premises, shall be decreased by the
Relinquished Space (or 23,876 rentable square feet), and the Leased Premises leased
by the Tenant under the Lease Agreement, shall be 47,727 rentable square feet, comprised of 21,309
rentable square feet in Building C on the first floor, 24,485 rentable square feet in Building C on
the second floor, and 1,933 rentable square feet in Building A on the first floor. Landlord and Tenant agree to verify and document
the Tenant’s rentable square feet prior to the Downsize Date. If necessary, the Lease will be further amended to adjust the Tenant’s Proportionate
Share percentage, the rent calculations in Exhibit B, or any other such calculations resulting from the mutually agreed upon
rentable square feet.

2

 

     Section 1(a) of
the Lease Agreement (Basic Definitions and Provisions) in line 1,
shall be amended to delete “70,209 Rentable Square Feet” and add in its place “47,727 Rentable
Square Feet.” Additionally, in line 2 of such Section, “Tenant’s Proportionate Share: 14.25%”
shall be deleted and replaced with “Tenant’s Proportionate Share: 9.41%.”

     5. Security Deposit. As of the closing date of the Acquisition, Landlord shall
refund to Spheris the $200,000 Security Deposit currently held by Landlord pursuant to
the Lease Agreement. Within thirty (30) days after said refund by Landlord, Assignee
shall provide to Landlord a Letter of Credit in the amount of $200,000 as a Security
Deposit in accordance with and as provided in Section 6.d. of the Lease Agreement.

     6. Base Rent;
Reduction of Base Rent. As of the Commencement Date,
the Base Rent for the Leased Premises (including the Relinquished Space through
July 31, 2010) shall be as set forth on Exhibit B attached hereto. The Base Rent shown
on Exhibit B for the Relinquished Space through July 31, 2010 does not include any
Operating Expenses that may be due on such space. As of the Downsize Date, the
Base Rent Schedule contained in Section 1 (e) of the Lease Agreement shall be
modified to reflect the decrease in size of the Leased Premises by 23,876 rentable
square feet. The revised Base Rent Schedule for Tenant’s lease of the Leased
Premises following the Downsize Date is attached hereto as Exhibit B.

     7. Operating Expenses. Tenant shall pay for its Proportionate Share under
the Lease of increases in Operating Expenses based upon the Building being 95%
occupied and based upon a 2010 Base Year. Tenant will continue to pay any increase in
Operating Expenses over the Base Year set forth in the Lease Agreement prior to this
Agreement on the Relinquished Space until July 31, 2010.

     8. Commission. Landlord will pay a two percent (2%) commission to CB
Richard Ellis, Inc. per the terms of a separate commission agreement.

     9. Relation to Lease. Capitalized terms not defined in this Agreement shall
have the meanings set forth in the Lease Agreement. It is mutually agreed that all
covenants, conditions and agreements set forth in the Lease Agreement (as amended
hereby) shall remain binding upon the parties and inure to the benefit of the parties
hereto and their respective successors and assigns.

     10. Waiver of Pre-Assumption Claims under Lease. Landlord hereby
irrevocably waives any and all claims arising or related to the period prior to the
Commencement Date. Landlord agrees not to bring any action against Tenant related
to claims arising before the Commencement Date.

     11. Governing Law. This Agreement shall be governed, construed and
enforced under and by the laws of the State of Tennessee.

[Signatures appear on following page]

3

 

     IN WITNESS WHEREOF, the parties have executed this Assignment, Assumption and Agreement to
Relinquish Office Space and Amendment to Office Lease Agreement as of the year and day set forth
above.

	 	 	 	 	 
	 	LANDLORD:

Carothers Office Acquisition LLC

 	 
	 	By:  	/s/ Chris Potavin
 	 
	 	 	Name:  	Chris Potavin	 
	 	 	Its: 	Vice President 	 
	 
	 	ASSIGNEE:

MedQuist Transcriptions, Ltd.

 	 
	 	By:  	/s/ Mark R. Sullivan
 	 
	 	 	Name:  	Mark R. Sullivan 	 
	 	 	Its:       	General Counsel 	 
	 

4

 

EXHIBIT A 

LEASE AGREEMENT

5

 

EXHIBIT B

Rent Schedule for Floors 1 and 2

	 	 	 

	BUILDING:

	 	The Carothers Building
	LANDLORD:

	 	Carothers Office Acquisition LLC
	TENANT:

	 	MedQuist Transcriptions, Ltd.
	SUITE:

	 	Floors 1 and 2; Floor 3 until July 31, 2010
	RENTABLE
	 	 
	SQUARE FOOTAGE:

	 	47,727 (Floors 1 and 2); 23,876 (Floor 3)
	DATE:

	 	April 22nd, 2010

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Floors 1 and 2	 	 	 	 	 	 
	Date	 	Gross Rate	 	Month Rent	 	Annual Rent
	4/20/2010-6/4/2010	 	1.5 months free rent
	6/5/2010-12/31/2010
	 	$	21.00	 	 	$	83,522.25	 	 	$	570,926.07	 
	1/1/2011-12/31/2011
	 	$	21.50	 	 	$	85,510.88	 	 	$	1,026,130.50	 
	1/1/2012-12/31/2012
	 	$	22.00	 	 	$	87,499.50	 	 	$	1,049,994.00	 
	1/1/2013-12/31/2013
	 	$	22.50	 	 	$	89,488.13	 	 	$	1,073,857.50	 
	1/1/2014-12/31/2014
	 	$	23.00	 	 	$	91,478.75	 	 	$	1,097,721.00	 
	1/1/2015-12/31/2015
	 	$	23.50	 	 	$	93,465.38	 	 	$	1,121,584.50	 
	1/1/2016-12/31/2016
	 	$	24.00	 	 	$	95,464.00	 	 	$	1,145,448.00	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Floor 3	 	 	 	 	 	 
	Date	 	Gross Rate	 	Month Rent	 	Annual Rent
	4/20/2010-7/31/2010
	 	$	21.00	 	 	$	41,783.00	 	 	$	501,396.00	 

6exv10w34

Exhibit 10.34

FIRST AMENDMENT TO LEASE AGREEMENT

     THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “First Amendment”) is made and entered into as
of March 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 LLC, and on December 30, 2005
MedQuist Healthcare LLC merged with and into Tenant so that Tenant ultimately succeeded Lanier
Healthcare, L.L.C. as Tenant under the Lease;

     WHEREAS, the term of the Lease expired on June 14, 2008 and Tenant continued occupancy of the
Premises pursuant to the holdover provisions of the Lease (Landlord hereby waiving any and all
rights to collect any further additional rent from

 

 

Tenant resulting from any such holdover provision contained in the Lease, if any); and

     WHEREAS, Landlord and Tenant desire to enter into this First Amendment for the purpose of
ending the holdover tenancy and to extend the term of the Lease and to decrease the size of the
Premises on the terms and conditions described herein.

     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 First 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. Lease Term Extension. The term of the Lease is hereby extended for a period of 65
months, commencing on March 1, 2009 (the “Commencement Date”), and expiring on July 31, 2014 (the
“Extended Term”).

     3. Tenant Improvement Allowance for Extended Term. Landlord, at Landlord’s sole
expense, shall demise the New Premises (as defined herein) per the floor plan attached as Exhibit A
and will provide all improvements set forth on Exhibit A on a turn-key basis. Landlord, at
Landlord’s sole expense, shall have a certified HVAC contractor evaluate the mechanical systems in
the New Premises and will provide the evaluation report to Tenant. Based on that evaluation,
necessary improvements will be made by Landlord, at Landlord’s sole expense, to specifically
address capacity and air distribution. All improvements/recommendations by the HVAC contractor will
be completed by Landlord, at Landlord’s sole expense, including repairs and/or replacement of
rooftop units. All exhaust fans will be upgraded by Landlord at Landlord’s sole expense. All of the
foregoing shall be hereinafter referred to as the “Landlord’s Work Obligations”. Landlord shall
impose upon the contractor and/or other agents or employees of Landlord performing the Landlord’s
Work Obligations a requirement that such person(s) will agree to use their best efforts to not
unreasonably interfere with the conduct of Tenant’s business operations.

     4. Base Rental During Extended Term. The Base Rental during the Extended Term shall be
as follows. Tenant shall pay Tenant’s Percentage Share of CAM Expenses, Landlord’s Real Estate
Taxes and Insurance Expenses during the 5 month free rent period.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Base	 	Base	 	Base
	Extended Term	 	Rental PSF	 	Rental Annual	 	Rental Monthly
	3/1/09 — 7/31/09
	 	Free	 	$	0	 	 	$	0	 
	8/1/09 — 2/28/10
	 	$	12.00	 	 	$	233,652.00	 	 	$	19,471.00	 
	3/1/10 — 2/28/11
	 	$	12.36	 	 	$	240,661.56	 	 	$	20,055.13	 
	3/1/11 — 2/28/12
	 	$	12.73	 	 	$	247,865.83	 	 	$	20,655.49	 
	3/1/12 — 2/28/13
	 	$	13.11	 	 	$	255,264.81	 	 	$	21,272.07	 
	3/1/13 — 2/28/14
	 	$	13.50	 	 	$	262,858.50	 	 	$	21,904.88	 
	3/1/14 — 7/31/14
	 	$	13.91	 	 	$	270,841.61	 	 	$	22,570.13	 

     5. Reduction in Size of the Premises. Effective March 1, 2009 and for the remaining
term of the Lease, the Premises shall consist of the 19,471 rentable square feet as shown on the
floor plan attached as Exhibit A (the “New Premises”). Tenant’s Percentage Share for the New
Premises shall be 33.57%. Landlord and Tenant hereby terminate the Lease only as it relates to a
portion of the Premises consisting of approximately Eighteen Thousand Six Hundred Forty-Two
(18,642) rentable square feet (the “Terminated Premises”) effective as of February 28, 2009, and
Landlord agrees that Tenant shall have no further obligations under the Lease with respect to the
Terminated Premises as of February 28, 2009, except for any amounts owed (due to reconciliation of
2008 operating expenses) in connection with the Termination Premises for periods prior to February
28, 2009. It is understood and agreed that, upon completion of the Landlord’s Work Obligations,
Tenant shall surrender possession of the Terminated Premises and shall continue in possession and
occupancy of the New Premises. Tenant agrees to continue in possession of the Terminated Premises
in “as-is” condition, subject however to the completion of the Landlord’s Work Obligations.

     6. Parking. During the Extended Term, Landlord shall provide Tenant 88 parking spaces
free and unassigned.

     7. Right of First Refusal. The right of first refusal in Section 2.07 of the Lease is
hereby deleted.

     8. Binding Effect. This First 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 First
Amendment and of the Lease, the terms hereof shall control. Time is of the essence of all of the
terms of this First Amendment.

     9. 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.

     10. Modifications. This First 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.

     11. Authority. The person executing First 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 First 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 First 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 First 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.

     12. 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
First 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 First Amendment.

 

 

     IN WITNESS WHEREOF, the parties have set their hands and affixed theirs seals to
First 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/ Peter Masanotti
 	 
	 	 	Name:  	Peter Masanotti 	 
	 	 	Title:  	CEO

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