Document:

FORM OF SUBORDINATED INDENTURE

 EXHIBIT 4.5 
 FORM OF SUBORDINATED INDENTURE 
  

 ICAGEN, INC., 
 ISSUER 
 and 
 [                    ], 
 TRUSTEE 
  

 INDENTURE 
 Dated as of
[                    ], 200[  ] 
  

 Subordinated Debt Securities 
  

 CROSS-REFERENCE TABLE(1) 
  

			
	 Section of
 Trust Indenture
Act
 of 1939, as amended
	  	Section of
Indenture
	 310(a)
	  	7.09
	 310(b)
	  	7.08
		  	7.10
	 310(c)
	  	Inapplicable
	 311(a)
	  	7.13
	 311(b)
	  	7.13
	 311(c)
	  	Inapplicable
	 312(a)
	  	5.01
		  	5.02(a)
	 312(b)
	  	5.02(c)
	 312(c)
	  	5.02(c)
	 313(a)
	  	5.04(a)
	 313(b)
	  	5.04(b)
	 313(c)
	  	5.04(a)
		  	5.04(b)
	 313(d)
	  	5.04(b) 
		  	5.04(c)
	 314(a)
	  	5.03 
		  	13.05(c)
	 314(b)
	  	Inapplicable
	 314(c)
	  	13.05
	 314(d)
	  	Inapplicable
	 314(e)
	  	13.05
	 314(f)
	  	Inapplicable
	 315(a)
	  	7.01(b)
		  	7.02
	 315(b)
	  	5.04(d)
	 315(c)
	  	7.01
	 315(d)
	  	7.01
		  	7.02
	 315(e)
	  	6.07
	 316(a)
	  	6.06
		  	8.04
	 316(b)
	  	6.04
	 316(c)
	  	8.01
	 317(a)
	  	6.02
	 317(b)
	  	4.03
	 318(a)
	  	13.06

	(1)	This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions.

 TABLE OF CONTENTS(2) 

					
	 	  	 	  	Page
	ARTICLE I
	
	DEFINITIONS
			
	 SECTION 1.01
	  	Definitions of Terms	  	1
	
	ARTICLE II
	
	ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES
			
	 SECTION 2.01
	  	Designation and Terms of Securities	  	5
	 SECTION 2.02
	  	Form of Securities and Trustee’s Certificate	  	7
	 SECTION 2.03
	  	Denominations; Provisions for Payment	  	7
	 SECTION 2.04
	  	Execution and Authentications	  	8
	 SECTION 2.05
	  	Registration of Transfer and Exchange	  	9
	 SECTION 2.06
	  	Temporary Securities	  	10
	 SECTION 2.07
	  	Mutilated, Destroyed, Lost or Stolen Securities	  	11
	 SECTION 2.08
	  	Cancellation	  	11
	 SECTION 2.09
	  	Benefits of Indenture	  	12
	 SECTION 2.10
	  	Authenticating Agent	  	12
	 SECTION 2.11
	  	Global Securities	  	12
	
	ARTICLE III
	
	REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS
			
	 SECTION 3.01
	  	Redemption	  	13
	 SECTION 3.02
	  	Notice of Redemption	  	14
	 SECTION 3.03
	  	Payment Upon Redemption	  	15
	 SECTION 3.04
	  	Sinking Fund	  	15
	 SECTION 3.05
	  	Satisfaction of Sinking Fund Payments with Securities	  	15
	 SECTION 3.06
	  	Redemption of Securities for Sinking Fund	  	16
	
	ARTICLE IV
	
	COVENANTS
			
	 SECTION 4.01
	  	Payment of Principal, Premium and Interest	  	16
	 SECTION 4.02
	  	Maintenance of Office or Agency	  	16
	 SECTION 4.03
	  	Paying Agents	  	17
	 SECTION 4.04
	  	Appointment to Fill Vacancy in Office of Trustee	  	18

  

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	ARTICLE V
	
	SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
			
	 SECTION 5.01
	  	Company to Furnish Trustee Names and Addresses of Securityholders	  	18
	 SECTION 5.02
	  	Preservation Of Information; Communications With Securityholders	  	18
	 SECTION 5.03
	  	Reports by the Company	  	18
	 SECTION 5.04
	  	Reports by the Trustee	  	19
	
	ARTICLE VI
	
	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
			
	 SECTION 6.01
	  	Events of Default	  	20
	 SECTION 6.02
	  	Suits for Enforcement by Trustee	  	21
	 SECTION 6.03
	  	Application of Moneys Collected	  	22
	 SECTION 6.04
	  	Limitation on Suits	  	23
	 SECTION 6.05
	  	Rights and Remedies Cumulative; Delay or Omission Not Waiver	  	23
	 SECTION 6.06
	  	Control by Securityholders	  	24
	 SECTION 6.07
	  	Undertaking to Pay Costs	  	24
	
	ARTICLE VII
	
	CONCERNING THE TRUSTEE
			
	 SECTION 7.01
	  	Certain Duties and Responsibilities of Trustee	  	25
	 SECTION 7.02
	  	Certain Rights of Trustee	  	26
	 SECTION 7.03
	  	Trustee Not Responsible for Recitals or Issuance or Securities	  	27
	 SECTION 7.04
	  	May Hold Securities	  	27
	 SECTION 7.05
	  	Moneys Held in Trust	  	27
	 SECTION 7.06
	  	Compensation and Reimbursement	  	27
	 SECTION 7.07
	  	Reliance on Officers’ Certificate	  	28
	 SECTION 7.08
	  	Disqualification; Conflicting Interests	  	28
	 SECTION 7.09
	  	Corporate Trustee Required; Eligibility	  	28
	 SECTION 7.10
	  	Resignation and Removal; Appointment of Successor	  	29
	 SECTION 7.11
	  	Acceptance of Appointment By Successor	  	30
	 SECTION 7.12
	  	Merger, Conversion, Consolidation or Succession to Business	  	31
	 SECTION 7.13
	  	Preferential Collection of Claims Against the Company	  	31
	
	ARTICLE VIII
	
	CONCERNING THE SECURITYHOLDERS
			
	 SECTION 8.01
	  	Evidence of Action by Securityholders	  	32
	 SECTION 8.02
	  	Proof of Execution by Securityholders	  	32
	 SECTION 8.03
	  	Who May be Deemed Owners	  	33
	 SECTION 8.04
	  	Certain Securities Owned by Company Disregarded	  	33

  

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	 SECTION 8.05
	  	Actions Binding on Future Securityholders	  	33
	
	ARTICLE IX
	
	SUPPLEMENTAL INDENTURES
			
	 SECTION 9.01
	  	Supplemental Indentures Without the Consent of Securityholders	  	34
	 SECTION 9.02
	  	Supplemental Indentures With Consent of Securityholders	  	34
	 SECTION 9.03
	  	Effect of Supplemental Indentures	  	35
	 SECTION 9.04
	  	Securities Affected by Supplemental Indentures	  	35
	 SECTION 9.05
	  	Execution of Supplemental Indentures	  	35
	
	ARTICLE X
	
	SUCCESSOR ENTITY
			
	 SECTION 10.01
	  	Company May Consolidate, Etc.	  	36
	 SECTION 10.02
	  	Successor Entity Substituted	  	37
	 SECTION 10.03
	  	Evidence of Consolidation, Etc. to Trustee	  	37
	
	ARTICLE XI
	
	SATISFACTION AND DISCHARGE
			
	 SECTION 11.01
	  	Satisfaction and Discharge of Indenture	  	37
	 SECTION 11.02
	  	Discharge of Obligations	  	38
	 SECTION 11.03
	  	Deposited Moneys to be Held in Trust	  	38
	 SECTION 11.04
	  	Payment of Moneys Held by Paying Agents	  	38
	 SECTION 11.05
	  	Repayment to Company	  	38
	
	ARTICLE XII
	
	IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
			
	 SECTION 12.01
	  	No Recourse	  	39
	
	ARTICLE XIII
	
	MISCELLANEOUS PROVISIONS
			
	 SECTION 13.01
	  	Effect on Successors and Assigns	  	39
	 SECTION 13.02
	  	Actions by Successor	  	39
	 SECTION 13.03
	  	Notices	  	40
	 SECTION 13.04
	  	Governing Law	  	40
	 SECTION 13.05
	  	Compliance Certificates and Opinions	  	40
	 SECTION 13.06
	  	Payments on Business Days	  	40
	 SECTION 13.07
	  	Conflict with Trust Indenture Act	  	41
	 SECTION 13.08
	  	Counterparts	  	41

  

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	 SECTION 13.09
	  	Separability	  	41
	 SECTION 13.10
	  	Assignment	  	41
	
	ARTICLE XIV
	
	SUBORDINATION OF SECURITIES
			
	 SECTION 14.01
	  	Subordination Terms	  	41

	(2)	This Table of Contents does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions. 

  

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 INDENTURE, dated as of [            ],
200[  ], between Icagen, Inc., a Delaware corporation (the “Company”), and [            ], as trustee (the “Trustee”): 
 WHEREAS, for its lawful corporate purposes, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of
unsecured subordinated debt securities (hereinafter referred to as the “Securities”), in an unlimited aggregate principal amount to be issued from time to time in one or more series as in this Indenture provided, as registered Securities
without coupons, to be authenticated by the certificate of the Trustee; 
 WHEREAS, to provide the terms and conditions upon which the
Securities are to be authenticated, issued and delivered, the Company has duly authorized the execution of this Indenture; and 
 WHEREAS,
all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
 NOW,
THEREFORE, in consideration of the premises and the purchase of the Securities by the holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the holders of Securities: 
 ARTICLE I 
 DEFINITIONS 
  

	SECTION 1.01    	Definitions of Terms. 

 The terms defined in this Section
(except as in this Indenture otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall
include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as
herein otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this instrument.

 “Authenticating Agent” means an authenticating agent with respect to all or any of the series of Securities appointed with
respect to all or any series of the Securities by the Trustee pursuant to Section 2.10. 
 “Bankruptcy Law” means Title 11,
U.S. Code, or any similar federal or state law for the relief of debtors. 
 “Board of Directors” means the Board of Directors of
the Company or any duly authorized committee of such Board. 

 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification. 
 “Business Day” means, with respect to any series of Securities, any day other than a day on which Federal or State banking institutions in the Borough of Manhattan, The City of New York, are authorized or obligated by law,
executive order or regulation to close. 
 “Certificate” means a certificate signed by the principal executive officer, the
principal financial officer or the principal accounting officer of the Company. The Certificate need not comply with the provisions of Section 13.05. 
 “Company” means Icagen, Inc., a corporation duly organized and existing under the laws of the State of Delaware, and, subject to the provisions of Article Ten, shall also include its successors and assigns.

 “Corporate Trust Office” means the office of the Trustee at which, at any particular time, its corporate trust business shall be
principally administered, which office at the date hereof is located at [                            ],
except that whenever a provision herein refers to an office or agency of the Trustee in the Borough of Manhattan, The City of New York, such office is located, at the date hereof, at
[                    ]. 
 “Custodian” means any receiver, trustee, assignee, liquidator, or similar official under any Bankruptcy Law. 
 “Default” means any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default. 
 “Depositary” means, with respect to Securities of any series, for which the Company shall determine that such Securities will be issued as a Global Security, The Depository Trust Company, New York, New York, another clearing
agency, or any successor registered as a clearing agency under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or other applicable statute or regulation, which, in each case, shall be designated by the Company
pursuant to either Section 2.01 or 2.11. 
 “Event of Default” means, with respect to Securities of a particular series any
event specified in Section 6.01, continued for the period of time, if any, therein designated. 
 “Global Security” means,
with respect to any series of Securities, a Security executed by the Company and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name
of the Depositary or its nominee. 
 “Governmental Obligations” means securities that are (i) direct obligations of the United
States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States of America that, in either case, are not callable or redeemable at 

  

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the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of
1933, as amended) as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder of such depositary receipt;
provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the Governmental
Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt. 
 “Herein,” “hereof” and “hereunder,” and other words of similar import, refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into in accordance with the terms hereof. 
 “Interest Payment Date,” when used with respect to any
installment of interest on a Security of a particular series, means the date specified in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the fixed date on which an installment of interest
with respect to Securities of that series is due and payable. 
 “Officers’ Certificate” means a certificate signed by the
President or a Senior Vice President and by the Treasurer or an Assistant Treasurer or the Controller or an Assistant Controller or the Secretary or an Assistant Secretary of the Company that is delivered to the Trustee in accordance with the terms
hereof. Each such certificate shall include the statements provided for in Section 13.05, if and to the extent required by the provisions thereof. 
 “Opinion of Counsel” means an opinion in writing of legal counsel, who may be an employee of or counsel for the Company, that is delivered to the Trustee in accordance with the terms hereof. Each such
opinion shall include the statements provided for in Section 13.05, if and to the extent required by the provisions thereof. 
 “Outstanding,” when used with reference to Securities of any series, means, subject to the provisions of Section 8.04, as of any particular time, all Securities of that series theretofore authenticated and delivered by the
Trustee under this Indenture, except (a) Securities theretofore canceled by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for cancellation or that have previously been canceled; (b) Securities or portions
thereof for the payment or redemption of which moneys or Governmental Obligations in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside and
segregated in trust by the Company (if the Company shall act as its own paying agent); provided, however, that if such Securities or portions of such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have
been given as in Article Three provided, or provision satisfactory to the Trustee shall have been made for giving such notice; and (c) Securities in lieu of or in substitution for which other Securities shall have been authenticated and
delivered pursuant to the terms of Section 2.07. 
  

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 “Person” means any individual, corporation, partnership, joint venture, joint-stock company,
unincorporated organization or government or any agency or political subdivision thereof. 
 “Predecessor Security” of any
particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07
in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security. 
 “Responsible Officer” when used with respect to the Trustee means the President, any Senior Vice President, the Secretary, the Treasurer, any trust officer, any corporate trust officer or any other officer or assistant officer of
the Trustee customarily performing functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with
the particular subject. 
 “Securities” means the debt Securities authenticated and delivered under this Indenture. 
 “Securityholder,” “holder of Securities,” “registered holder” or other similar term, means the Person or Persons in whose
name or names a particular Security shall be registered on the books of the Company kept for that purpose in accordance with the terms of this Indenture. 
 “Senior Indebtedness” means indebtedness issued pursuant to a senior indenture, as supplemented or amended by one or more indentures supplemental thereto, payment of which shall be senior to the payment of
the Securities issued hereunder, pursuant to Section 14 hereof. 
 “Subsidiary” means, with respect to any Person,
(i) any corporation at least a majority of whose outstanding Voting Stock shall at the time be owned, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries,
(ii) any general partnership, joint venture or similar entity, at least a majority of whose outstanding partnership or similar interests shall at the time be owned by such Person, or by one or more of its Subsidiaries, or by such Person and one
or more of its Subsidiaries and (iii) any limited partnership of which such Person or any of its Subsidiaries is a general partner. 
 “Trustee” means [            ], and, subject to the provisions of Article Seven, shall also include its successors and assigns, and, if at any time there is more than one
Person acting in such capacity hereunder, “Trustee” shall mean each such Person. The term “Trustee” as used with respect to a particular series of the Securities shall mean the trustee with respect to that series. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, subject to the provisions of Sections 9.01, 9.02 and 10.01, as in
effect at the date of execution of this instrument. 
 “Voting Stock,” as applied to stock of any Person, means shares, interests,
participations or other equivalents in the equity interest (however designated) in such Person having ordinary voting power for the election of the directors (or the equivalent) of such Person, other than 

  

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shares, interests, participations or other equivalents having such power only by reason of the occurrence of a contingency. 
 ARTICLE II 
 ISSUE, DESCRIPTION, TERMS,
EXECUTION, 
 REGISTRATION AND EXCHANGE OF SECURITIES 
  

	SECTION 2.01    	Designation and Terms of Securities. 

 (a) The aggregate
principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series up to the aggregate principal amount of Securities of that series from time to time
authorized by or pursuant to a Board Resolution of the Company or pursuant to one or more indentures supplemental hereto. Prior to the initial issuance of Securities of any series, there shall be established in or pursuant to a Board Resolution, and
set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto: 
 (1) the title of the Security of
the series (which shall distinguish the Securities of the series from all other Securities); 
 (2) any limit upon the aggregate principal
amount of the Securities of that series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of that
series); 
 (3) the date or dates on which the principal of the Securities of the series is payable and the place(s) of payment; 

(4) the rate or rates at which the Securities of the series shall bear interest or the manner of calculation of such rate or rates, if any; 

(5) the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest will be payable or the manner of
determination of such Interest Payment Dates, the place(s) of payment, and the record date for the determination of holders to whom interest is payable on any such Interest Payment Dates; 
 (6) the right, if any, to extend the interest payment periods and the duration of such extension; 
 (7) the period or periods within which, the price or prices at which and the terms and conditions upon which, Securities of the series may be redeemed, in
whole or in part, at the option of the Company; 
 (8) the obligation, if any, of the Company to redeem or purchase Securities of the series
pursuant to any sinking fund or analogous provisions (including payments made in cash in satisfaction of future sinking fund obligations) or at the option of a holder thereof and the period or periods within which, the price or prices at which, and
the terms and conditions upon 

  

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which, Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 (9) the form of the Securities of the series including the form of the certificate of authentication for such series; 
 (10) if other than denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, the denominations in which the Securities of the
series shall be issuable; 
 (11) any and all other terms with respect to such series (which terms shall not be inconsistent with the terms of
this Indenture, as amended by any supplemental indenture) including any terms which may be required by or advisable under United States laws or regulations or advisable in connection with the marketing of Securities of that series; 
 (12) whether the Securities are issuable as a Global Security and, in such case, the identity of the Depositary for such series; 
 (13) whether the Securities will be convertible into shares of common stock or other securities of the Company and, if so, the terms and conditions upon
which such Securities will be so convertible, including the conversion price and the conversion period; 
 (14) if other than the principal
amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.01; 
 (15) the subordination terms of the Securities of the series; and 
 (16) any additional or different Events of Default or restrictive covenants provided for with respect to the Securities of the series. 
 All Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to any such Board Resolution or in any indentures supplemental hereto.

 If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such
action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series. 
 Securities of any particular series may be issued at various times, with different dates on which the principal or any installment of principal is
payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different dates on which such interest may be payable and with different redemption dates. 
  

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	SECTION 2.02    	Form of Securities and Trustee’s Certificate. 

 The
Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially of the tenor and purport as set forth in one or more indentures supplemental hereto or as provided in a Board
Resolution and as set forth in an Officers’ Certificate and may have such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem
appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Securities
of that series may be listed, or to conform to usage. 
  

	SECTION 2.03    	Denominations; Provisions for Payment. 

 The Securities
shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject to Section 2.01(10). The Securities of a particular series shall bear interest payable on the
dates and at the rate specified with respect to that series. The principal of and the interest on the Securities of any series, as well as any premium thereon in case of redemption thereof prior to maturity, shall be payable in the coin or currency
of the United States of America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, the City and State of New York. Each Security shall be
dated the date of its authentication. Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months. 
 The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities of that series shall be paid to the Person in whose name said Security (or one or more
Predecessor Securities) is registered at the close of business on the regular record date for such interest installment. In the event that any Security of a particular series or portion thereof is called for redemption and the redemption date is
subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be paid upon presentation and surrender of such Security as provided in Section 3.03.

 Any interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities
of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the
Company, at its election, as provided in clause (1) or clause (2) below: 
 (1) The Company may make payment of any Defaulted
Interest on Securities to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in
the following manner: the Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee
an amount of money equal to the aggregate amount proposed to be paid in respect of such 

  

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Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when
deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall not be more
than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such special record date and,
in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid, to each Securityholder at his or her address as it
appears in the Security Register (as hereinafter defined), not less than 10 days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been mailed as aforesaid, such
Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered on such special record date. 
 (2) The Company may make payment of any Defaulted Interest on any Securities in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and
upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 
 Unless otherwise set forth in a Board Resolution or one or more indentures supplemental hereto establishing the terms of any series of Securities
pursuant to Section 2.01 hereof, the term “regular record date” as used in this Section with respect to a series of Securities with respect to any Interest Payment Date for such series shall mean either the fifteenth day of the month
immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the first day of a month, or the last day of the month immediately
preceding the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the fifteenth day of a month, whether or not such date is a Business Day.

 Subject to the foregoing provisions of this Section, each Security of a series delivered under this Indenture upon transfer of or in
exchange for or in lieu of any other Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security. 
  

	SECTION 2.04    	Execution and Authentications. 

 The Securities shall be
signed on behalf of the Company by its President, or one of its Senior Vice Presidents, or its Treasurer, or one of its Assistant Treasurers, or its Secretary, or one of its Assistant Secretaries, under its corporate seal attested by its Secretary
or one of its Assistant Secretaries. Signatures may be in the form of a manual or facsimile signature. The Company may use the facsimile signature of any Person who shall have been a President or Senior Vice President thereof, or of any Person who
shall have been a Secretary or Assistant Secretary thereof, notwithstanding the fact that at the time the Securities shall be authenticated and delivered or disposed of such Person shall have ceased to be the President or a Senior Vice 

  

 -8- 

 
President, or the Secretary or an Assistant Secretary, of the Company. The seal of the Company may be in the form of a facsimile of such seal and may be
impressed, affixed, imprinted or otherwise reproduced on the Securities. The Securities may contain such notations, legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its authentication by
the Trustee. 
 A Security shall not be valid until authenticated manually by an authorized signatory of the Trustee, or by an Authenticating
Agent. Such signature shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a written order of the Company for the authentication and delivery of such
Securities, signed by its President or any Senior Vice President and its Secretary or any Assistant Secretary, and the Trustee in accordance with such written order shall authenticate and deliver such Securities. 
 In authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be
entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the form and terms thereof have been established in conformity with the provisions of this Indenture. 
 The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee. 
  

	SECTION 2.05    	Registration of Transfer and Exchange. 

 (a) Securities of
any series may be exchanged upon presentation thereof at the office or agency of the Company designated for such purpose in the Borough of Manhattan, the City and State of New York, for other Securities of such series of authorized denominations,
and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, all as provided in this Section. In respect of any Securities so surrendered for exchange, the Company
shall execute, the Trustee shall authenticate and such office or agency shall deliver in exchange therefor the Security or Securities of the same series that the Securityholder making the exchange shall be entitled to receive, bearing numbers not
contemporaneously outstanding. 
 (b) The Company shall keep, or cause to be kept, at its office or agency designated for such purpose in the
Borough of Manhattan, the City and State of New York, or such other location designated by the Company a register or registers (herein referred to as the “Security Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall register the Securities and the transfers of Securities as in this Article provided and which at all reasonable times shall be open for inspection by the Trustee. The registrar for the purpose of registering Securities
and transfer of Securities as herein provided shall be appointed as authorized by a Board Resolution (the “Security Registrar”). 
  

 -9- 

 Upon surrender for transfer of any Security at the office or agency of the Company designated for such
purpose, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security or Securities of the same series as the Security presented for a like aggregate
principal amount. 
 All Securities presented or surrendered for exchange or registration of transfer, as provided in this Section, shall be
accompanied (if so required by the Company or the Security Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Security Registrar, duly executed by the registered holder or by such holder’s
duly authorized attorney in writing. 
 (c) No service charge shall be made for any exchange or registration of transfer of Securities, or
issue of new Securities in case of partial redemption of any series, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, other than exchanges pursuant to Section 2.06,
Section 3.03(b) and Section 9.04 not involving any transfer. 
 (d) The Company shall not be required (1) to issue, exchange
or register the transfer of any Securities during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of less than all the Outstanding Securities of the same series and ending at the close of
business on the day of such mailing, nor (2) to register the transfer of or exchange any Securities of any series or portions thereof called for redemption. The provisions of this Section 2.05 are, with respect to any Global Security,
subject to Section 2.11 hereof. 
  

	SECTION 2.06    	Temporary Securities. 

 Pending the preparation of
definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary Securities (printed, lithographed or typewritten) of any authorized denomination. Such temporary Securities shall be
substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every temporary
Security of any series shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities of such series. Without unnecessary delay
the Company will execute and will furnish definitive Securities of such series and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor (without charge to the holders), at the office or agency of the
Company designated for the purpose in the Borough of Manhattan, the City and State of New York, and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate principal amount
of definitive Securities of such series, unless the Company advises the Trustee to the effect that definitive Securities need not be executed and furnished until further notice from the Company. Until so exchanged, the temporary Securities of such
series shall be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered hereunder. 
  

 -10- 

	SECTION 2.07    	Mutilated, Destroyed, Lost or Stolen Securities. 

 In case
any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (subject to the next succeeding sentence) shall execute, and upon the Company’s request, the Trustee (subject as aforesaid) shall
authenticate and deliver, a new Security of the same series, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or
stolen. In every case the applicant for a substituted Security shall furnish to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the
applicant shall also furnish to the Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s Security and of the ownership thereof. The Trustee may authenticate any such substituted Security
and deliver the same upon the written request or authorization of any officer of the Company. Upon the issuance of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. In case any Security that has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the
Company may, instead of issuing a substitute Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee
such security or indemnity as they may require to save each of them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security and of the
ownership thereof. 
 Every replacement Security issued pursuant to the provisions of this Section shall constitute an additional contractual
obligation of the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and
all other Securities of the same series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or
stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments
or other securities without their surrender. 
  

	SECTION 2.08    	Cancellation. 

 All Securities surrendered for the purpose
of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall
be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the
Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities,
however, such acquisition shall not operate as a 

  

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redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

  

	SECTION 2.09    	Benefits of Indenture. 

 Nothing in this Indenture or in
the Securities, express or implied, shall give or be construed to give to any Person, other than the parties hereto and the holders of the Securities (and, with respect to the provisions of Article Fourteen, the holders of Senior Indebtedness), any
legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of
the holders of the Securities (and, with respect to the provisions of Article Fourteen, the holders of Senior Indebtedness). 
  

	SECTION 2.10    	Authenticating Agent. 

 So long as any of the Securities of
any series remain Outstanding there may be an Authenticating Agent for any or all such series of Securities which the Trustee shall have the right to appoint. Said Authenticating Agent shall be authorized to act on behalf of the Trustee to
authenticate Securities of such series issued upon exchange, transfer or partial redemption thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if
authenticated by the Trustee hereunder. All references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by an Authenticating Agent for such series. Each Authenticating Agent shall be
acceptable to the Company and shall be a corporation that has a combined capital and surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction under which it is organized or in which it is doing business
to conduct a trust business, and that is otherwise authorized under such laws to conduct such business and is subject to supervision or examination by Federal or State authorities. If at any time any Authenticating Agent shall cease to be eligible
in accordance with these provisions, it shall resign immediately. 
 Any Authenticating Agent may at any time resign by giving written notice
of resignation to the Trustee and to the Company. The Trustee may at any time (and upon request by the Company shall) terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the
Company. Upon resignation, termination or cessation of eligibility of any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its
appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto. 
  

	SECTION 2.11    	Global Securities. 

 (a) If the Company shall establish
pursuant to Section 2.01 that the Securities of a particular series are to be issued as a Global Security, then the Company shall execute and the Trustee shall, in accordance with Section 2.04, authenticate and deliver, a Global Security
that (1) shall represent, and shall be denominated in an amount equal to the aggregate principal 

  

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amount of, all of the Outstanding Securities of such series, (2) shall be registered in the name of the Depositary or its nominee, (3) shall be
delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction and (4) shall bear a legend substantially to the following effect: “Except as otherwise provided in Section 2.11 of the Indenture, this
Security may be transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary.” 
 (b) Notwithstanding the provisions of Section 2.05, the Global Security of a series may be transferred, in whole but not in part and in the manner
provided in Section 2.05, only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or approved by the Company or to a nominee of such successor Depositary. 
 (c) If at any time the Depositary for a series of the Securities notifies the Company that it is unwilling or unable to continue as Depositary for such
series or if at any time the Depositary for such series shall no longer be registered or in good standing under the Exchange Act, or other applicable statute or regulation, and a successor Depositary for such series is not appointed by the Company
within 90 days after the Company receives such notice or becomes aware of such condition, as the case may be, this Section 2.11 shall no longer be applicable to the Securities of such series and the Company will execute and, subject to
Section 2.05, the Trustee will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global
Security of such series in exchange for such Global Security. In addition, the Company may at any time determine that the Securities of any series shall no longer be represented by a Global Security and that the provisions of this Section 2.11
shall no longer apply to the Securities of such series. In such event the Company will execute and, subject to Section 2.05, the Trustee, upon receipt of an Officers’ Certificate evidencing such determination by the Company, will
authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange
for such Global Security. Upon the exchange of the Global Security for such Securities in definitive registered form without coupons, in authorized denominations, the Global Security shall be canceled by the Trustee. Such Securities in definitive
registered form issued in exchange for the Global Security pursuant to this Section 2.11(c) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered. 
 ARTICLE III 
 REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS 
  

	SECTION 3.01    	Redemption. 

 The Company may redeem the Securities of any
series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01 hereof. 
  

 -13- 

	SECTION 3.02    	Notice of Redemption. 

 (a) In case the Company shall
desire to exercise such right to redeem all or, as the case may be, a portion of the Securities of any series in accordance with the right reserved so to do, the Company shall, or shall cause the Trustee to, give notice of such redemption to holders
of the Securities of such series to be redeemed by mailing, first class postage prepaid, a notice of such redemption not less than 30 days and not more than 90 days before the date fixed for redemption of that series to such holders at their last
addresses as they shall appear upon the Security Register unless a shorter period is specified in the Securities to be redeemed. Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether
or not the registered holder receives the notice. In any case, failure duly to give such notice to the holder of any Security of any series designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of
the proceedings for the redemption of any other Securities of such series or any other series. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or
elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with any such restriction. 
 Each such notice of redemption shall specify the date fixed for redemption and the redemption price at which Securities of that series are to be redeemed, and shall state that payment of the redemption price of such
Securities to be redeemed will be made at the office or agency of the Company in the Borough of Manhattan, the City and State of New York, upon presentation and surrender of such Securities, that interest accrued to the date fixed for redemption
will be paid as specified in said notice, that from and after said date interest will cease to accrue and that the redemption is for a sinking fund, if such is the case. If less than all the Securities of a series are to be redeemed, the notice to
the holders of Securities of that series to be redeemed in whole or in part shall specify the particular Securities to be so redeemed. In case any Security is to be redeemed in part only, the notice that relates to such Security shall state the
portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof
will be issued. 
 (b) If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45
days’ notice in advance of the date fixed for redemption as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and
fair in its discretion and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or any integral multiple thereof) of the principal amount of such Securities of a denomination larger than $1,000,
the Securities to be redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part. The Company may, if and whenever it shall so elect, by delivery of instructions signed on
its behalf by its President or any Senior Vice President, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this
Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver
or cause to be delivered to, or permit to remain with, the Trustee or such paying agent, as 

  

 -14- 

 
the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such
paying agent to give any notice by mail that may be required under the provisions of this Section. 
  

	SECTION 3.03    	Payment Upon Redemption. 

 (a) If the giving of notice of
redemption shall have been completed as above provided, the Securities or portions of Securities of the series to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption and interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the
payment of such redemption price and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice,
said Securities shall be paid and redeemed at the applicable redemption price for such series, together with interest accrued thereon to the date fixed for redemption (but if the date fixed for redemption is an interest payment date, the interest
installment payable on such date shall be payable to the registered holder at the close of business on the applicable record date pursuant to Section 2.03). 
 (b) Upon presentation of any Security of such series that is to be redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or agency where the Security is presented shall
deliver to the holder thereof, at the expense of the Company, a new Security of the same series of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented. 
  

	SECTION 3.04    	Sinking Fund. 

 The provisions of Sections 3.04, 3.05 and
3.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise specified as contemplated by Section 2.01 for Securities of such series. 
 The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking
fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any
series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of
such series. 
  

	SECTION 3.05    	Satisfaction of Sinking Fund Payments with Securities. 

 The Company (a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and (b) may apply as a credit Securities of a series that have been redeemed either at the election of the
Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with
respect to the Securities of such series required to be made pursuant to the terms of 

  

 -15- 

 
such Securities, provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the
Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 
  

	SECTION 3.06    	Redemption of Securities for Sinking Fund. 

 Not less than
45 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms
of the series, the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that series pursuant to Section 3.05 and the basis for such credit and will, together with such Officers’ Certificate, deliver to
the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02
and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.02. Such notice having been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Section 3.03. 
 ARTICLE IV 
 COVENANTS 
  

	SECTION 4.01    	Payment of Principal, Premium and Interest. 

 The Company
will duly and punctually pay or cause to be paid the principal of (and premium, if any) and interest on the Securities of that series at the time and place and in the manner provided herein and established with respect to such Securities.

  

	SECTION 4.02    	Maintenance of Office or Agency. 

 So long as any series of
the Securities remain Outstanding, the Company agrees to maintain an office or agency in the Borough of Manhattan, the City and State of New York, with respect to each such series and at such other location or locations as may be designated as
provided in this Section 4.02, where (a) Securities of that series may be presented for payment, (b) Securities of that series may be presented as herein above authorized for registration of transfer and exchange, and (c) notices
and demands to or upon the Company in respect of the Securities of that series and this Indenture may be given or served, such designation to continue with respect to such office or agency until the Company shall, by written notice signed by its
President or a Senior Vice President and delivered to the Trustee, designate some other office or agency for such purposes or any of them. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish
the Trustee with the address thereof, such presentations, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, notices and
demands. 
  

 -16- 

	SECTION 4.03    	Paying Agents. 

 (a) If the Company shall appoint one or
more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the
provisions of this Section: 
 (1) that it will hold all sums held by it as such agent for the payment of the principal of (and premium, if
any) or interest on the Securities of that series (whether such sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto; 
 (2) that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to make any payment of the principal
of (and premium, if any) or interest on the Securities of that series when the same shall be due and payable; 
 (3) that it will, at any time
during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and 
 (4) that it will perform all other duties of paying agent as set forth in this Indenture. 
 (b) If the Company shall act as its own paying agent with respect to any series of the Securities, it will on or before each due date of the principal of
(and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due on
Securities of that series until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other obligor on such Securities) to take such
action. Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with the paying agent a
sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the
Company will promptly notify the Trustee of this action or failure so to act. 
 (c) Notwithstanding anything in this Section to the
contrary, (1) the agreement to hold sums in trust as provided in this Section is subject to the provisions of Section 11.05, and (2) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such
sums were held by the Company or such paying agent; and, upon such payment by any paying agent to the Trustee, such paying agent shall be released from all further liability with respect to such money. 
  

 -17- 

	SECTION 4.04    	Appointment to Fill Vacancy in Office of Trustee. 

 The
Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a Trustee, so that there shall at all times be a Trustee hereunder. 
 ARTICLE V 
 SECURITYHOLDERS’ LISTS AND
REPORTS BY THE COMPANY AND THE TRUSTEE 
  

	SECTION 5.01    	Company to Furnish Trustee Names and Addresses of Securityholders. 

 The Company will furnish or cause to be furnished to the Trustee (a) on each regular record date (as defined in Section 2.03) a list, in such form as the Trustee may reasonably require, of the names and addresses of the holders of
each series of Securities as of such regular record date, provided that the Company shall not be obligated to furnish or cause to be furnished such list at any time that the list shall not differ in any respect from the most recent list furnished to
the Trustee by the Company and (b) at such other times as the Trustee may request in writing within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the
time such list is furnished; provided, however, that, in either case, no such list need be furnished for any series for which the Trustee shall be the Security Registrar. 
  

	SECTION 5.02    	Preservation Of Information; Communications With Securityholders. 

 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the holders of Securities contained in the most recent list furnished to it as provided in Section 5.01
and as to the names and addresses of holders of Securities received by the Trustee in its capacity as Security Registrar (if acting in such capacity). 
 (b) The Trustee may destroy any list furnished to it as provided in Section 5.01 upon receipt of a new list so furnished. 
 (c) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act with other Securityholders with respect to their rights under this Indenture or under the Securities. The Company, the
Trustee, the Security Registrar and any other Person shall have the protection of the Trust Indenture Act Section 312(c). 
  

	SECTION 5.03    	Reports by the Company. 

 (a) The Company covenants and
agrees to file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing
as the Commission may from time to time by rules and regulations prescribe) that the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to
file information, documents or reports 

  

 -18- 

 
pursuant to either of such sections, then to file with the Trustee and the Commission, in accordance with the rules and regulations prescribed from time to
time by the Commission, such of the supplementary and periodic information, documents and reports that may be required pursuant to Section 13 of the Exchange Act, in respect of a security listed and registered on a national securities exchange
as may be prescribed from time to time in such rules and regulations. 
 (b) The Company covenants and agrees to file with the Trustee and
the Commission, in accordance with the rules and regulations prescribed from to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in
this Indenture as may be required from time to time by such rules and regulations. 
 (c) The Company covenants and agrees to transmit by
mail, first class postage prepaid, or reputable overnight delivery service that provides for evidence of receipt, to the Securityholders, as their names and addresses appear upon the Security Register, within 30 days after the filing thereof with
the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to subsections (a) and (b) of this Section as may be required by rules and regulations prescribed from time to time by the
Commission. 
  

	SECTION 5.04    	Reports by the Trustee. 

 (a) On or before
[            ] in each year in which any of the Securities are Outstanding, the Trustee shall transmit by mail, first class postage prepaid, to the Securityholders, as their names and
addresses appear upon the Security Register, a brief report dated as of the preceding [            ], if and to the extent required under Section 313(a) of the Trust Indenture Act.

 (b) The Trustee shall comply with Sections 313(b), 313(c) and 313(d) of the Trust Indenture Act. 
 (c) A copy of each such report shall, at the time of such transmission to Securityholders, be filed by the Trustee with the Company, with each stock
exchange upon which any Securities are listed (if so listed) and also with the Commission. The Company agrees to notify the Trustee when any Securities become listed on any stock exchange. 
 (d) If an Event of Default occurs and is continuing and the Trustee receives actual notice of such Event of Default, the Trustee shall mail to each
Securityholder notice of the uncured Event of Default within 90 days after the occurrence thereof. Except in the case of an Event of Default in payment of principal of, or interest on, any Securities, or in the payment of any sinking or purchase
fund installment, the Trustee may withhold the notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such
notice is in the interests of the Securityholders. 
  

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 ARTICLE VI 
 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 
  

	SECTION 6.01    	Events of Default. 

 (a) Whenever used herein with respect
to Securities of a particular series, “Event of Default” means any one or more of the following events that has occurred and is continuing: 
 (1) the Company defaults in the payment of any installment of interest upon any of the Securities of that series, as and when the same shall become due and payable, and such default continues for a period of 90 days;
provided, however, that a valid extension of an interest payment period by the Company in accordance with the terms of any indenture supplemental hereto, shall not constitute a default in the payment of interest for this purpose; 
 (2) the Company defaults in the payment of the principal of (or premium, if any, on) any of the Securities of that series as and when the same shall
become due and payable whether at maturity, upon redemption, by declaration or otherwise, or in any payment required by any sinking or analogous fund established with respect to that series; provided, however, that a valid extension of the maturity
of such Securities in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of principal or premium, if any; 
 (3) the Company fails to observe or perform any other of its covenants or agreements with respect to that series contained in this Indenture or otherwise established with respect to that series of Securities pursuant
to Section 2.01 hereof (other than a covenant or agreement that has been expressly included in this Indenture solely for the benefit of one or more series of Securities other than such series) for a period of 90 days after the date on which
written notice of such failure, requiring the same to be remedied and stating that such notice is a “Notice of Default” hereunder, shall have been given to the Company by the Trustee, by registered or certified mail, or to the Company and
the Trustee by the holders of at least 25% in principal amount of the Securities of that series at the time Outstanding; 
 (4) the Company
pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case, (ii) consents to the entry of an order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for
all or substantially all of its property or (iv) makes a general assignment for the benefit of its creditors; or 
 (5) a court of
competent jurisdiction enters an order under any Bankruptcy Law that (i) is for relief against the Company in an involuntary case, (ii) appoints a Custodian of the Company for all or substantially all of its property or (iii) orders
the liquidation of the Company, and the order or decree remains unstayed and in effect for 90 days. 
 (b) In each and every such case,
unless the principal of all the Securities of that series shall have already become due and payable, either the Trustee or the holders of not less than 25% in aggregate principal amount of the Securities of that series then Outstanding hereunder, by
notice in writing to the Company (and to the Trustee if given by such Securityholders), may declare the principal of all the Securities of that series to be due and payable immediately, and upon any such declaration the same shall become and shall
be immediately due and payable. 
  

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 (c) At any time after the principal of the Securities of that series shall have been so declared due and
payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the holders of a majority in aggregate principal amount of the Securities of that series then Outstanding
hereunder, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: (1) the Company has paid or deposited with the Trustee a sum sufficient to pay all matured installments of interest
upon all the Securities of that series and the principal of (and premium, if any, on) all Securities of that series that shall have become due otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent
that such payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Securities of that series to the date of such payment or deposit) and any amount payable to the Trustee under
Section 7.06, and (2) any and all other Events of Default under the Indenture with respect to such series, other than the nonpayment of principal on Securities of that series that shall not have become due by their terms, shall have been
remedied or waived as provided in Section 6.06. 
 No such rescission and annulment shall extend to or shall affect any subsequent
default or impair any right consequent thereon. 
 (d) In case the Trustee shall have proceeded to enforce any right with respect to
Securities of that series under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every
such case, subject to any determination in such proceedings, the Company and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue
as though no such proceedings had been taken. 
  

	SECTION 6.02    	Suits for Enforcement by Trustee. 

 (a) If an Event of
Default specified in Section 6.01(a)(1) or (2) hereof occurs and is continuing, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for
the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce any such judgment or final decree against the Company or other obligor upon the Securities of that series and
collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or other obligor upon the Securities of that series, wherever situated. 
 (b) In case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings
affecting the Company, or its creditors or property, the Trustee shall have power to intervene in such proceedings and take any action therein that may be permitted by the court and shall (except as may be otherwise provided by law) be entitled to
file such proofs of claim and other papers and documents as may be necessary or advisable in order to have the claims of the Trustee and of the holders of Securities of a series allowed for the entire amount due and payable by the Company under this
Indenture at the date of institution of such proceedings and for any additional amount that may become due and payable by the Company after such date, and to collect and receive any moneys or other 

  

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property payable or deliverable on any such claim, and to distribute the same after the deduction of the amount payable to the Trustee under
Section 7.06; and any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders of Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent
to the making of such payments directly to such Securityholders, to pay to the Trustee any amount due it under Section 7.06. 
 (c) All
rights of action and of asserting claims under this Indenture, or under any of the terms established with respect to Securities of a series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof
at any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for payment to the
Trustee of any amounts due under Section 7.06, be for the ratable benefit of the holders of the Securities of such series. 
 In case of
an Event of Default hereunder, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of
such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any
other legal or equitable right vested in the Trustee by this Indenture or by law. 
 Nothing contained herein shall be deemed to authorize
the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series or the rights of any holder thereof or to authorize
the Trustee to vote in respect of the claim of any Securityholder in any such proceeding. 
  

	SECTION 6.03    	Application of Moneys Collected. 

 Any moneys collected by
the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or
premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon the payment, if only partially paid, and upon surrender thereof if fully paid: 
 FIRST: To the payment of costs and expenses of collection and of all amounts payable to the Trustee under Section 7.06; 
 SECOND: To the payment of all Senior Indebtedness of the Company if and to the extent required by Article Fourteen; and 
 THIRD: To the payment of the amounts then due and unpaid upon Securities of such series for principal (and premium, if any) and interest, in respect of
which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal (and premium, if any) and interest, respectively.

  

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	SECTION 6.04    	Limitation on Suits. 

 No holder of any Security of any
series shall have any right by virtue or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or trustee,
or for any other remedy hereunder, unless (a) such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof with respect to the Securities of such series specifying such Event of
Default, as hereinbefore provided; (b) the holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or
proceeding in its own name as trustee hereunder; (c) such holder or holders shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby;
(d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity, shall have failed to institute any such action, suit or proceeding; and (e) during such 60-day period, the holders of a majority in principal
amount of the Securities of that series shall not have given the Trustee a direction inconsistent with the request. 
 Notwithstanding
anything contained herein to the contrary, the right of any holder of any Security to receive payment of the principal of (and premium, if any) and interest on such Security, as therein provided, on or after the respective due dates expressed in
such Security (or in the case of redemption, on the redemption date), or to institute suit for the enforcement of any such payment on or after such respective dates or redemption date, shall not be impaired or affected without the consent of such
holder. By accepting a Security hereunder it is expressly understood, intended and covenanted by the taker and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities
of such series shall have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities, or to obtain or seek to obtain
priority over or preference to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all holders of Securities of such series. For the protection
and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 
  

	SECTION 6.05    	Rights and Remedies Cumulative; Delay or Omission Not Waiver. 

 (a) All powers and remedies given by this Article to the Trustee or to the Securityholders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the
holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture or otherwise established with respect to such Securities. 
 (b) No delay or omission of the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon any Event of Default
occurring and continuing as aforesaid shall impair any such right or power, or shall be construed to be a waiver of any such default or on acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by
this Article or by law to the Trustee or the Securityholders may be 

  

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exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders. 
  

	SECTION 6.06    	Control by Securityholders. 

 The holders of a majority in
aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance with Section 8.01, shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to
the Trustee, or exercising any trust or power conferred on the Trustee with respect to such series; provided, however, that such direction shall not be in conflict with any rule of law or with this Indenture or be unduly prejudicial to the rights of
holders of Securities of any other series at the time Outstanding determined in accordance with Section 8.01. Subject to the provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the
Trustee in good faith shall, by a Responsible Officer or Officers of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability. The holders of a majority in aggregate principal amount of the Securities of
any series at the time Outstanding affected thereby, determined in accordance with Section 8.01, may on behalf of the holders of all of the Securities of such series waive any past default in the performance of any of the covenants contained
herein or established pursuant to Section 2.01 with respect to such series and its consequences, except an uncured default in the payment of the principal of (or premium, if any) or interest on, any of the Securities of that series as and when
the same shall become due by the terms of such Securities otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been deposited with the
Trustee (in accordance with Section 6.01(c)). Upon any such waiver, the default covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders of the Securities of such series shall
be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
  

	SECTION 6.07    	Undertaking to Pay Costs. 

 All parties to this Indenture
agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any
suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including
reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted
by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding Securities of any series, or to any suit instituted by any Securityholder for the
enforcement of the payment of the principal of (or premium, if any) or interest on any Security of such series, on or after the respective due dates expressed in such Security or established pursuant to this Indenture. 
  

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 ARTICLE VII 
 CONCERNING THE TRUSTEE 
  

	SECTION 7.01    	Certain Duties and Responsibilities of Trustee. 

 (a) The
Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to the Securities of that series that may have occurred, shall undertake to perform with
respect to the Securities of such series such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to
the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill
in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his own affairs. 
 (b) No provision
of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving of all such Events of
Default with respect to that series that may have occurred: 
 (i) the duties and obligations of the Trustee shall with respect to the
Securities of such series be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such duties and obligations as are
specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (ii) in the absence of bad faith on the part of the Trustee, the Trustee may with respect to the Securities of such series conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any
certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the
Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture; 
 (2) the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the
holders of not less than a majority in principal amount of the Securities of any series at the time Outstanding relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or 

  

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exercising any trust or power conferred upon the Trustee under this Indenture with respect to the Securities of that series; and 
 (4) none of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial
liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or liability is not reasonably assured to it under the terms of this
Indenture or adequate indemnity against such risk is not reasonably assured to it. 
  

	SECTION 7.02    	Certain Rights of Trustee. 

 Except as otherwise provided
in Section 7.01: 
 (a) The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) Any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Board Resolution or an instrument
signed in the name of the Company, by the President or any Senior Vice President and by the Secretary or an Assistant Secretary or the Treasurer or an Assistant Treasurer thereof (unless other evidence in respect thereof is specifically prescribed
herein); 
 (c) The Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon; 
 (d) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Securityholders, pursuant to the provisions of this Indenture, unless such
Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities that may be incurred therein or thereby; nothing contained herein shall, however, relieve the Trustee of the obligation,
upon the occurrence of an Event of Default with respect to a series of the Securities (that has not been cured or waived) to exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and to use
the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his own affairs; 
 (e) The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture;

 (f) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, approval, bond, security or other papers or documents, unless requested in writing so to do by the holders of not less than a majority in principal amount of the Outstanding 

  

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Securities of the particular series affected thereby (determined as provided in Section 8.04); provided, however, that if the payment within a
reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms
of this Indenture, the Trustee may require reasonable indemnity against such costs, expenses or liabilities as a condition to so proceeding. The reasonable expense of every such examination shall be paid by the Company or, if paid by the Trustee,
shall be repaid by the Company upon demand; and 
 (g) The Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 
  

	SECTION 7.03    	Trustee Not Responsible for Recitals or Issuance or Securities. 

 (a) The recitals contained herein and in the Securities shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. 
 (b) The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. 
 (c) The Trustee shall not be accountable for the use or application by the Company of any of the Securities or of the proceeds of such Securities, or for
the use or application of any moneys paid over by the Trustee in accordance with any provision of this Indenture or established pursuant to Section 2.01, or for the use or application of any moneys received by any paying agent other than the
Trustee. 
  

	SECTION 7.04    	May Hold Securities. 

 The Trustee or any paying agent or
Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar. 
  

	SECTION 7.05    	Moneys Held in Trust. 

 Subject to the provisions of
Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law.
The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon. 
  

	SECTION 7.06    	Compensation and Reimbursement. 

 (a) The Company covenants
and agrees to pay to the Trustee, and the Trustee shall be entitled to, such reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust), as the Company and the Trustee
may from time to time agree in writing, for all services rendered by it in the execution of the trusts 

  

 -27- 

 
hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee, and, except as otherwise expressly provided
herein, the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable
compensation and the expenses and disbursements of its counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence or bad faith. The Company also covenants to indemnify
the Trustee (and its officers, agents, directors and employees) for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Trustee and arising out of or in connection with the
acceptance or administration of this trust, including the costs and expenses of defending itself against any claim of liability in the premises. 
 (b) The obligations of the Company under this Section to compensate and indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder. Such additional
indebtedness shall be secured by a lien prior to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the holders of particular Securities. 
  

	SECTION 7.07    	Reliance on Officers’ Certificate. 

 Except as
otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take any
action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an
Officers’ Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted to be taken by it under
the provisions of this Indenture upon the faith thereof. 
  

	SECTION 7.08    	Disqualification; Conflicting Interests. 

 If the Trustee
has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust
Indenture Act. 
  

	SECTION 7.09    	Corporate Trustee Required; Eligibility. 

 There shall at
all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized and doing business under the laws of the United States of America or any State or Territory thereof or of the District of
Columbia, or a corporation or other Person permitted to act as trustee by the Commission, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least 50 million U.S. dollars ($50,000,000),
and subject to supervision or examination by Federal, State, Territorial or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or
examining authority, then for the purposes of this Section, the combined capital and surplus of 

  

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such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Company may
not, nor may any Person directly or indirectly controlling, controlled by or under common control with the Company, serve as Trustee. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the
Trustee shall resign immediately in the manner and with the effect specified in Section 7.10. 
  

	SECTION 7.10    	Resignation and Removal; Appointment of Successor. 

 (a)
The Trustee or any successor hereafter appointed, may at any time resign with respect to the Securities of one or more series by giving written notice thereof to the Company and by transmitting notice of resignation by mail, first class postage
prepaid, to the Securityholders of such series, as their names and addresses appear upon the Security Register. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee with respect to Securities of such
series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so
appointed and have accepted appointment within 30 days after the mailing of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee with respect to Securities of
such series, or any Securityholder of that series who has been a bona fide holder of a Security or Securities for at least six months may on behalf of himself and all others similarly situated, petition any such court for the appointment of a
successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 
 (b) In case at any time any one of the following shall occur: 
 (1) the Trustee shall fail to comply with the provisions of
Section 7.08 after written request therefor by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or 
 (2) the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and shall fail to resign after written request therefor
by the Company or by any such Securityholder; or 
 (3) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or
insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, the Company may remove the Trustee with respect to all Securities and
appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, unless the
Trustee’s duty to resign is stayed as provided herein, any Securityholder who has been a bona fide holder of a Security or Securities for at least six months may, on behalf of that holder and all others similarly situated, petition any court of

  

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competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it
may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 
 (c) The holders of a majority in aggregate principal
amount of the Securities of any series at the time Outstanding may at any time remove the Trustee with respect to such series by so notifying the Trustee and the Company and may appoint a successor Trustee for such series with the consent of the
Company. 
 (d) Any resignation or removal of the Trustee and appointment of a successor trustee with respect to the Securities of a series
pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11. 
 (e) Any successor trustee appointed pursuant to this Section may be appointed with respect to the Securities of one or more series or all of such series, and at any time there shall be only one Trustee with respect to
the Securities of any particular series. 
  

	SECTION 7.11    	Acceptance of Appointment By Successor. 

 (a) In case of
the appointment hereunder of a successor trustee with respect to all Securities, every such successor trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment,
and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee; but, on the request of the Company or the successor trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor trustee all the rights, powers and trusts of the
retiring Trustee and shall duly assign, transfer and deliver to such successor trustee all property and money held by such retiring Trustee hereunder. 
 (b) In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor trustee with respect to the
Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer
and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates,
(2) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring
Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by
more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart
from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for 

  

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any act or failure to act on the part of any other Trustee hereunder; and upon the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those series to which the appointment of such successor trustee relates have no further
responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture, and each such successor trustee, without any further act, deed or conveyance, shall become vested
with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates; but, on request of the Company or any successor trustee, such
retiring Trustee shall duly assign, transfer and deliver to such successor trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or
those series to which the appointment of such successor trustee relates. 
 (c) Upon request of any such successor trustee, the Company shall
execute any and all instruments for more fully and certainly vesting in and confirming to such successor trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 
 (d) No successor trustee shall accept its appointment unless at the time of such acceptance such successor trustee shall be qualified and eligible under
this Article. 
 (e) Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall transmit notice of
the succession of such trustee hereunder by mail, first class postage prepaid, to the Securityholders, as their names and addresses appear upon the Security Register. If the Company fails to transmit such notice within ten days after acceptance of
appointment by the successor trustee, the successor trustee shall cause such notice to be transmitted at the expense of the Company. 
  

	SECTION 7.12    	Merger, Conversion, Consolidation or Succession to Business. 

 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation
succeeding to the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions of Section 7.08 and eligible under the provisions of
Section 7.09, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. In case any Securities shall have been authenticated, but not delivered, by
the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities. 
  

	SECTION 7.13    	Preferential Collection of Claims Against the Company. 

 The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has 

  

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resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein. 
 ARTICLE VIII 
 CONCERNING THE SECURITYHOLDERS

  

	SECTION 8.01    	Evidence of Action by Securityholders. 

 Whenever in this
Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the Securities of a particular series may take any action (including the making of any demand or request, the giving of any notice,
consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of such majority or specified percentage of that series have joined therein may be evidenced by any instrument or any number of
instruments of similar tenor executed by such holders of Securities of that series in Person or by agent or proxy appointed in writing. 
 If
the Company shall solicit from the Securityholders of any series any request, demand, authorization, direction, notice, consent, waiver or other action, the Company may, at its option, as evidenced by an Officers’ Certificate, fix in advance a
record date for such series for the determination of Securityholders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so. If such a record date
is fixed, such request, demand, authorization, direction, notice, consent, waiver or other action may be given before or after the record date, but only the Securityholders of record at the close of business on the record date shall be deemed to be
Securityholders for the purposes of determining whether Securityholders of the requisite proportion of Outstanding Securities of that series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent,
waiver or other action, and for that purpose the Outstanding Securities of that series shall be computed as of the record date; provided, however, that no such authorization, agreement or consent by such Securityholders on the record date shall be
deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 
  

	SECTION 8.02    	Proof of Execution by Securityholders. 

 Subject to the
provisions of Section 7.01, proof of the execution of any instrument by a Securityholder (such proof will not require notarization) or his agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if
made in the following manner: 
 (a) The fact and date of the execution by any such Person of any instrument may be proved in any reasonable
manner acceptable to the Trustee. 
 (b) The ownership of Securities shall be proved by the Security Register of such Securities or by a
certificate of the Security Registrar thereof. 
 (c) The Trustee may require such additional proof of any matter referred to in this Section
as it shall deem necessary. 
  

 -32- 

	SECTION 8.03    	Who May be Deemed Owners. 

 Prior to the due presentment
for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Company as the absolute owner of
such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of
(and premium, if any) and (subject to Section 2.03) interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any notice to the contrary.

  

	SECTION 8.04    	Certain Securities Owned by Company Disregarded. 

 In
determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred in any direction, consent or waiver under this Indenture, the Securities of that series that are owned by the Company or
any other obligor on the Securities of that series or by any Person directly or indirectly controlling or controlled by or under common control with the Company or any other obligor on the Securities of that series shall be disregarded and deemed
not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction, consent or waiver, only Securities of such series that the Trustee
actually knows are so owned shall be so disregarded. The Securities so owned that have been pledged in good faith may be regarded as Outstanding for the purposes of this Section, if the pledgee shall establish to the satisfaction of the Trustee the
pledgee’s right so to act with respect to such Securities and that the pledgee is not a Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. In case of
a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. 
  

	SECTION 8.05    	Actions Binding on Future Securityholders. 

 At any time
prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in
this Indenture in connection with such action, any holder of a Security of that series that is shown by the evidence to be included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee,
and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all
future holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any
action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee
and the holders of all the Securities of that series. 
  

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 ARTICLE IX 
 SUPPLEMENTAL INDENTURES 
  

	SECTION 9.01    	Supplemental Indentures Without the Consent of Securityholders. 

 In addition to any supplemental indenture otherwise authorized by this Indenture, the Company and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the
provisions of the Trust Indenture Act as then in effect), without the consent of the Securityholders, for one or more of the following purposes: 
 (a) to cure any ambiguity, defect or inconsistency herein or in the Securities of any series; 
 (b) to comply with Article Ten;

 (c) to provide for uncertificated Securities in addition to or in place of certificated Securities; 
 (d) to add to the covenants of the Company for the benefit of the holders of all or any series of Securities (and if such covenants are to be for the
benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; 
 (e) to add to, delete from or revise the conditions, limitations and restrictions on the authorized amount, terms, purposes of issue, authentication and
delivery of Securities, as herein set forth; 
 (f) to make any change that does not adversely affect the rights of any Securityholder in any
material respect; or 
 (g) to provide for the issuance of and establish the form and terms and conditions of the Securities of any series as
provided in Section 2.01, to establish the form of any certifications required to be furnished pursuant to the terms of this Indenture or any series of Securities, or to add to the rights of the holders of any series of Securities. 

The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, and to make any further appropriate
agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 Any supplemental indenture authorized by the provisions of this Section may be executed by the Company and the Trustee without the consent
of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02. 
  

	SECTION 9.02    	Supplemental Indentures With Consent of Securityholders. 

  

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 With the consent (evidenced as provided in Section 8.01) of the holders of not less than a majority
in aggregate principal amount of the Securities of each series affected by such supplemental indenture or indentures at the time Outstanding, the Company, when authorized by Board Resolutions, and the Trustee may from time to time and at any time
enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions
of this Indenture or of any supplemental indenture or of modifying in any manner not covered by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture
shall, without the consent of the holders of each Security then Outstanding and affected thereby, (i) extend the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the rate of interest thereon, or
reduce any premium payable upon the redemption thereof or (ii) reduce the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture. 
 It shall not be necessary for the consent of the Securityholders of any series affected thereby under this Section to approve the particular form of any
proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
  

	SECTION 9.03    	Effect of Supplemental Indentures. 

 Upon the execution of
any supplemental indenture pursuant to the provisions of this Article or of Section 10.01, this Indenture shall, with respect to such series, be and be deemed to be modified and amended in accordance therewith and the respective rights,
limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the holders of Securities of the series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all
respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
  

	SECTION 9.04    	Securities Affected by Supplemental Indentures. 

 Securities of any series affected by a supplemental indenture, authenticated and delivered after the execution of such supplemental indenture pursuant to the provisions of this Article or of Section 10.01, may bear a notation in form
approved by the Company, provided such form meets the requirements of any exchange upon which such series may be listed, as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of that series
so modified as to conform, in the opinion of the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the
Securities of that series then Outstanding. 
  

	SECTION 9.05    	Execution of Supplemental Indentures. 

 Upon the request of
the Company, accompanied by Board Resolutions authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as aforesaid, the Trustee
shall join 

  

 -35- 

 
with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise, in which case the Trustee may in its discretion but shall not be obligated to enter into such supplemental indenture. The Trustee, subject to the provisions of Section 7.01, may receive an Opinion
of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by, and conforms to, the terms of this Article and that it is proper for the Trustee under the provisions of this Article
to join in the execution thereof; provided, however, that such Opinion of Counsel need not be provided in connection with the execution of a supplemental indenture that establishes the terms of a series of Securities pursuant to Section 2.01
hereof. 
 Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this
Section, the Trustee shall transmit by mail, first class postage prepaid, a notice, setting forth in general terms the substance of such supplemental indenture, to the Securityholders of all series affected thereby as their names and addresses
appear upon the Security Register. Any failure of the Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 
 ARTICLE X 
 SUCCESSOR ENTITY 
  

	SECTION 10.01    	Company May Consolidate, Etc. 

 Nothing contained in this
Indenture or in any of the Securities shall prevent any consolidation or merger of the Company with or into any other Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or its successor
or successors shall be a party or parties, or shall prevent any sale, conveyance, transfer or other disposition of the property of the Company or its successor or successors as an entirety, or substantially as an entirety, to any other corporation
(whether or not affiliated with the Company or its successor or successors) authorized to acquire and operate the same; provided, however, the Company hereby covenants and agrees that, upon any such consolidation or merger (in each case, if the
Company is not the survivor of such transaction), sale, conveyance, transfer or other disposition, the due and punctual payment of the principal of (premium, if any) and interest on all of the Securities of all series in accordance with the terms of
each series, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture with respect to each series or established with respect to such series pursuant to Section 2.01 to
be kept or performed by the Company shall be expressly assumed, by supplemental indenture (which shall conform to the provisions of the Trust Indenture Act as then in effect) satisfactory in form to the Trustee executed and delivered to the Trustee
by the entity formed by such consolidation, or into which the Company shall have been merged, or by the entity which shall have acquired such property. 
  

 -36- 

	SECTION 10.02    	Successor Entity Substituted. 

 (a) In case of any such
consolidation, merger, sale, conveyance, transfer or other disposition and upon the assumption by the successor entity by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual
payment of the principal of (and premium, if any) and interest on all of the Securities of all series Outstanding and the due and punctual performance of all of the covenants and conditions of this Indenture or established with respect to each
series of the Securities pursuant to Section 2.01 to be performed by the Company with respect to each series, such successor entity shall succeed to and be substituted for the Company with the same effect as if it had been named as the Company
herein, and thereupon the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 (b) In case of any such consolidation, merger, sale, conveyance, transfer or other disposition, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate.

 (c) Nothing contained in this Article shall apply to limit or impose any requirements upon the consolidation or merger of any Person into
the Company where the Company is the survivor of such transaction, or the acquisition by the Company, by purchase or otherwise, of all or any part of the property of any other Person (whether or not affiliated with the Company). 
  

	SECTION 10.03    	Evidence of Consolidation, Etc. to Trustee. 

 The Trustee,
subject to the provisions of Section 7.01, may receive an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, conveyance, transfer or other disposition, and any such assumption, comply with the provisions of
this Article. 
 ARTICLE XI 
 SATISFACTION AND DISCHARGE 
  

	SECTION 11.01    	Satisfaction and Discharge of Indenture. 

 If at any time:
(a) the Company shall have delivered to the Trustee for cancellation all Securities of a series theretofore authenticated (other than any Securities that have been destroyed, lost or stolen and that have been replaced or paid as provided in
Section 2.07) and Securities for whose payment money or Governmental Obligations have theretofore been deposited in trust or segregated and held in trust by the Company (and thereupon repaid to the Company or discharged from such trust, as
provided in Section 11.05); or (b) all such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or
are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit or cause to be deposited with the Trustee as trust funds the entire amount in moneys
or Governmental Obligations or a combination thereof, sufficient in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay at maturity or upon
redemption all Securities of that series not theretofore delivered to the Trustee 

  

 -37- 

 
for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the
case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder with respect to such series by the Company then this Indenture shall thereupon cease to be of further effect with respect to such series except for
the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall survive until the date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.05, that shall survive to such date and thereafter, and the
Trustee, on demand of the Company and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to such series. 
  

	SECTION 11.02    	Discharge of Obligations. 

 If at any time all such
Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described in Section 11.01 shall have been paid by the Company by depositing irrevocably with the Trustee as
trust funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and
interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then after
the date such moneys or Governmental Obligations, as the case may be, are deposited with the Trustee, the obligations of the Company under this Indenture with respect to such series shall cease to be of further effect except for the provisions of
Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03, 7.06, 7.10 and 11.05 hereof that shall survive until such Securities shall mature and be paid. Thereafter, Sections 7.06 and 11.05 shall survive. 
  

	SECTION 11.03    	Deposited Moneys to be Held in Trust. 

 All moneys or
Governmental Obligations deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying
agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee. 
  

	SECTION 11.04    	Payment of Moneys Held by Paying Agents. 

 In connection
with the satisfaction and discharge of this Indenture all moneys or Governmental Obligations then held by any paying agent under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying
agent shall be released from all further liability with respect to such moneys or Governmental Obligations. 
  

	SECTION 11.05    	Repayment to Company. 

 Any moneys or Governmental
Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment of principal of (and premium, if any) or interest on the Securities of a particular series that are not applied but remain unclaimed by the
holders of such Securities for at least two years after the date upon which the principal of (and 

  

 -38- 

 
premium, if any) or interest on such Securities shall have respectively become due and payable, shall be repaid to the Company or (if then held by the
Company) shall be discharged from such trust; and thereupon the paying agent and the Trustee shall be released from all further liability with respect to such moneys or Governmental Obligations, and the holder of any of the Securities entitled to
receive such payment shall thereafter, as an unsecured general creditor, look only to the Company for the payment thereof. 
 ARTICLE XII

 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 
  

	SECTION 12.01    	No Recourse. 

 No recourse under or upon any obligation,
covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or
of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty
or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators,
stockholders, officers or directors as such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or
agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such
rights and claims against, every such incorporator, stockholder, officer or director as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this
Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Securities. 
 ARTICLE XIII 
 MISCELLANEOUS PROVISIONS

  

	SECTION 13.01    	Effect on Successors and Assigns. 

 All the covenants,
stipulations, promises and agreements in this Indenture contained by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not. 
  

	SECTION 13.02    	Actions by Successor. 

 Any act or proceeding by any
provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the corresponding board, committee or officer of any
corporation that shall at the time be the lawful successor of the Company. 
  

 -39- 

	SECTION 13.03    	Notices. 

 Except as otherwise expressly provided herein
any notice or demand that by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the holders of Securities to or on the Company may be given or served by being deposited first class postage prepaid in
a post-office letterbox addressed (until another address is filed in writing by the Company with the Trustee), as follows:
[                                ]. Any notice, election, request or demand by the
Company or any Securityholder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee. 
  

	SECTION 13.04    	Governing Law. 

 This Indenture and each Security shall be
deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 
  

	SECTION 13.05    	Compliance Certificates and Opinions. 

 (a) Upon any
application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent provided for in this
Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of any such application or demand
as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 
 (b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant in
this Indenture shall include (1) a statement that the Person making such certificate or opinion has read such covenant or condition; (2) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; (3) a statement that, in the opinion of such Person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to
whether or not such covenant or condition has been complied with; and (4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 
 (c) The Company shall furnish to the Trustee, on
[                                ] of each year, a brief certificate from the
principal executive officer, principal financial officer or principal accounting officer as to his or her knowledge of such obligor’s compliance with all conditions and covenants under this Indenture. For purposes of this subsection, such
compliance shall be determined without regard to any period of grace or requirement of notice provided hereunder. 
  

	SECTION 13.06    	Payments on Business Days. 

 Except as provided pursuant to
Section 2.01 pursuant to a Board Resolution, and as set forth in an Officers’ Certificate, or established in one or more indentures supplemental to this 

  

 -40- 

 
Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a Business
Day, then payment of interest or principal (and premium, if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period
after such nominal date. 
  

	SECTION 13.07    	Conflict with Trust Indenture Act. 

 If and to the extent
that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture Act, such imposed duties shall control. 
  

	SECTION 13.08    	Counterparts. 

 This Indenture may be executed in any
number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 
  

	SECTION 13.09    	Separability. 

 In case any one or more of the provisions
contained in this Indenture or in the Securities of any series shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this
Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 
  

	SECTION 13.10    	Assignment. 

 The Company will have the right at all times
to assign any of its rights or obligations under this Indenture to a direct or indirect wholly owned Subsidiary of the Company, provided that, in the event of any such assignment, the Company will remain liable for all such obligations. Subject to
the foregoing, the Indenture is binding upon and inures to the benefit of the parties thereto and their respective successors and assigns. This Indenture may not otherwise be assigned by the parties thereto. 
 ARTICLE XIV 
 SUBORDINATION OF SECURITIES

  

	SECTION 14.01    	Subordination Terms. 

 The payment by the Company of the
principal of (and premium, if any) and interest on any series of Securities issued hereunder shall be subordinated to the extent set forth in an indenture supplemental hereto relating to such Securities. 
  

 -41- 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed all as of the day
and year first above written. 
  

			
	 ICAGEN, INC.

		
	 By: 
	 	  
	 Name: 
	 	
	 Title: 
	 	
	
	 [                                       
 ],
 as Trustee

		
	 By: 
	 	  
	 Name: 
	 	
	 Title: 
	 	

  

 -42-EXHIBIT 10.1

 EXHIBIT 10.1 
 TRIZECHAHN ONE NY PLAZA LLC, 
                                       
  LANDLORD 
 AND 
 LEARNING TREE INTERNATIONAL USA, INC., 
                                     TENANT

  

 OFFICE LEASE

  

 Entire
31st Floor 
 One New York Plaza 
 New York, NY 10004 

 LEASE AGREEMENT 
 TABLE OF CONTENTS 
  

					
	 Article
	  	 Title
	  	Page No.
	1	  	Basic Lease Definitions, Exhibits and Additional Definitions	  	1
	2	  	Grant of Lease	  	6
	3	  	Term	  	6
	4	  	Rent	  	8
	5	  	Condition of Premises	  	16
	6	  	Use, Requirements of Law & Occupancy	  	17
	7	  	Services	  	20
	8	  	Electric	  	24
	9	  	Repairs, Access to Premises by Landlord	  	26
	10	  	Alterations	  	29
	11	  	Liens	  	33
	12	  	Insurance	  	34
	13	  	Damage or Destruction	  	35
	14	  	Waivers and Indemnities	  	37
	15	  	Condemnation	  	40
	16	  	Assignment and Subletting.	  	41
	17	  	Personal Property	  	49
	18	  	Estoppel Certificates	  	49
	19	  	Definition of Landlord, Limitations on Landlord’s Liability	  	50
	20	  	Rules & Regulations	  	51
	21	  	Default and Remedies	  	52
	22	  	Enforcement of Reasonable Consent	  	56
	23	  	Security	  	57
	24	  	Brokers	  	59
	25	  	Subordination	  	59
	26	  	Notices	  	62
	27	  	Miscellaneous	  	63
	28	  	Renewal Option	  	67
	29	  	Intentionally Deleted	  	69
	30	  	Lower Manhattan Plan	  	69
			
	Exhibit A	  	Plan Delineating the Premises	  	A-1
	Exhibit B	  	Landlord’s Contribution; Landlord’s Work	  	B-1
	Exhibit C	  	Intentionally Deleted	  	C-1
	Exhibit D	  	Rules and Regulations	  	D-1
	Exhibit E	  	Land Description	  	E-1
	Exhibit F	  	Form of Letter of Credit	  	F-1
	Exhibit G	  	HVAC Specs	  	G-1
	Exhibit H	  	Cleaning Specs	  	H-1
	Exhibit I	  	Form of SNDA	  	I-1

 LEASE AGREEMENT 
 THIS LEASE AGREEMENT (“Lease”) is made as of the Date (defined below) between Landlord and Tenant (defined below). 
 1. BASIC LEASE DEFINITIONS, EXHIBITS AND ADDITIONAL DEFINITIONS 
 1.1 Basic Lease Definitions 
 In this Lease, the following defined terms shall have the meanings indicated. 
 (a) “Date” shall mean the date of full execution of this Lease, which is
                    , 2006. 
 (b)
“Landlord” shall mean TRIZECHAHN ONE NY PLAZA LLC, a Delaware limited liability company. 
 (c)
“Tenant” shall mean LEARNING TREE INTERNATIONAL USA, INC., a Delaware corporation. 
 (d) “Premises”
shall mean the entire rentable area of the thirty-first (31st) floor of the Building, as shown by markings on
the floor plan attached hereto as Exhibit A. 
 (e) “Area of the Premises” shall be deemed to mean, for purposes of this
Lease, the equivalent of 41,724 rentable square feet. 
 (f) “Use” shall mean executive, general and administrative office
use (including conference rooms) for the conduct of Tenant’s business, which is principally information technology and management consulting training seminars (and/or the business of any permitted subtenants or Tenant Affiliate) and no other
use, but subject to the provisions of this Lease and the certificate of occupancy for the Building. 
 (g) “Term” shall mean
the duration of this Lease, which will be approximately ten (10) years and ten (10) months, beginning on the “Commencement Date” (as defined in Section 3.1 below) and ending on the “Expiration Date” (as defined in
this Section 1.1), unless terminated or canceled earlier pursuant to the provisions of this Lease or by law. 
 (h) The
“Expiration Date” shall mean December 31, 2016. 
 (i) “Base Rent” shall mean the Rent payable
pursuant to Section 4.1, which shall be in the following annual amounts: 
  

	 	(i)	$1,397,754.00 per annum, payable at the rate of $116,479.50 per month, for the period commencing on the Rent Commencement Date and ending on December 31, 2011 (such period
being hereinafter referred to as the “First Rental Period”; and 

	 	(ii)	$1,543,788.00 per annum, payable at the rate of $128,649.00 per month, for the period commencing on the day immediately following the end of the First Rental Period and ending on
the Expiration Date. 

 (j) “Rent Commencement Date” shall mean January 1, 2007. 
 (k) “Tenant’s Tax Share” shall mean 1.767%. 
 (l) “Tenant’s Expense Share” shall mean 1.792%. 
 (m) “Base Tax Year”
shall mean the Tax Year ending June 30, 2007. 
 (n) “Base Expense Year” shall mean Landlord’s Fiscal Year ending
December 31, 2006. 
 (o) “Security Deposit” shall mean One Million Four Hundred Fifty Thousand ($1,450,000) Dollars,
subject to reduction in accordance with the provisions of Section 23.4.2 below. 
 (p) “Landlord’s Building
Address” shall mean: 
 TrizecHahn One NY Plaza LLC 
 c/o Trizec Holdings, LLC 
 One New York Plaza – Concourse Level 
 New York, New York 10004 
 Attention: Property
Manager 
 (r) “Landlord’s General Address” shall mean: 
 TrizecHahn One NY Plaza LLC 
 c/o Trizec
Holdings, LLC 
 1114 Avenue of the Americas – 31st Floor 
 New York, NY 10036 
 Attention: Regional Counsel 
 (s)
“Tenant’s Notice Address” shall mean: 
 Learning Tree International USA, Inc. 
 1831 Michael Faraday Drive 
 Reston, Virginia
20190 
 Attention: General Manager 
 With a copy to: 
 Learning Tree International 
 400 N. Continental Boulevard, Suite 200 
 El Segundo, CA 90245 
 Attention: Chief Administrative Officer 
 and

  

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 Learning Tree International (USA), Inc. 
 One New York Plaza – 31st Floor 
 New York, NY 10004 
 Attention: Education Center Manager 
 With a courtesy copy of any notice of default given to: 
 Lawrence Eisenberg, Esq. 
 Katten Muchin
Rosenman LLP 
 575 Madison Avenue 
 New York, NY 10022 
 (t) “Tenant’s Invoice Address” shall mean: 
 Learning Tree International USA, Inc. 
 1831
Michael Faraday Drive 
 Reston, Virginia 20190 
 Attention: General Manager 
 (u) “Broker(s)” shall mean the following broker or brokers: CB
Richard Ellis Inc. 
 (v) “Liability Insurance Amount” shall mean Ten Million ($10,000,000.00) Dollars. 
 1.2 Exhibits. 
 The Exhibits listed below are attached
to and incorporated in this Lease. In the event of any inconsistency between such Exhibits and the terms and provisions of this Lease, the terms and provisions of the Exhibits shall control. The Exhibits to this Lease are: 
  

					
	Exhibit A	  	-	    	Floor Plan Delineating the Premises
	Exhibit B	  	-	    	Landlord’s Contribution; Landlord’s Work
	Exhibit C	  	-	    	Intentionally Deleted
	Exhibit D	  	-	    	Rules and Regulations
	Exhibit E	  	-	    	Land Description
	Exhibit F	  	-	    	Form of Letter of Credit
	Exhibit G	  	-	    	HVAC Specifications
	Exhibit H	  	-	    	Cleaning Specifications
	Exhibit I	  	-	    	Form of Subordination, Attornment and Non-Disturbance Agreement

 1.3 Additional Definitions 
 In addition to the terms defined in Section 1.1 and other Sections of this Lease, the following defined terms when used in this Lease shall have the meanings indicated: 
 (a) “Additional Rent” shall mean the Rent payable under the provisions of Section 4.3 and Section 4.4. 
 (b) “Alteration(s)” shall mean any and all improvements, installations, changes, additions, renovations, replacements and/or
restorations made in, to or upon the Premises. 
  

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 (c) “Building” shall mean the office and retail building commonly known as One New York
Plaza, New York, NY, located on the Land and in which the Premises are located. 
 (d) “Building Systems” shall mean the
central heating, ventilating, air conditioning, plumbing, electric, life safety, mechanical, wiring, sprinkler, Class E, sewerage, water, mechanical, elevator and other systems installed by Landlord in the core and shell of the Building, and all
other fixtures, equipment and appurtenances and systems installed and operated by Landlord in the core and shell of the Building. 
 (e)
“Business Days” shall mean all days except Saturdays, Sundays and Holidays. 
 (f) “Business Hours” shall
mean the hours between 8:00 A.M. and 6:00 P.M. on Business Days. 
 (g) “Common Areas” shall mean certain interior and
exterior common and public areas located on the Land and in the Building as may be designated by Landlord for the non-exclusive use in common by Tenant, Landlord and other tenants, and their employees, guests, customers, agents and invitees.

 (h) “Expenses” shall have the meaning set forth in Section 4.4 of this Lease. 
 (i) “Fiscal Year” shall mean Landlord’s fiscal year, which ends on December 31st of each calendar year and may be changed at
Landlord’s discretion. 
 (j) “Force Majeure” shall mean any acts of God, governmental restriction, requirements of
Law, strikes, labor disturbances, shortages of or inability to obtain materials or supplies, or any other cause or event beyond Landlord’s or Tenant’s reasonable control by which Landlord or Tenant, as the case may be, shall be hindered,
delayed or prevented from performance of any act under this Lease. 
 (k) “Holidays” shall mean all Federal, State, City and
banking holidays and Building Service Employees and Operating Engineer’s Union contract holidays now or hereafter in effect. 
 (l)
“Insurance Boards” shall mean and include the New York Board of Fire Underwriters and the New York Fire Insurance Rating Organization and/or any other, similar bodies performing the same or similar functions. 
 (m) “Insurance Requirements” shall mean the rules, regulations, orders and requirements of any Insurance Boards and the requirements of
any policy of insurance maintained by Landlord at any time during the Term covering the Land or Building provided that, with respect to Landlord’s insurance policies, such requirements (i) are not unusual for policies of insurance covering
buildings comparable to the Building or (ii) if violated, may result in an increase in premiums under, or the cancellation of, any policy of insurance covering the Land or Building. 
 (n) “Land” shall mean the real property on which the Building is located, as more particularly described in Exhibit E. 
 (o) “Laws” shall mean any and all present or future federal, state, county, borough, municipality or local laws, statutes, ordinances,
rules, regulations or orders of any and all governmental or quasi-governmental authorities having jurisdiction over the Land or Building and all amendments and successors to such laws, statutes, ordinances, rules, regulations and orders. 

 

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 (p) “Prime Rate” shall mean the rate of interest announced from time to time by
Citibank, N.A. or any successor to it, as its prime rate. If Citibank, N.A. or any successor to it ceases to announce a prime rate, Landlord will designate a reasonably comparable financial institution for purposes of determining the Prime Rate.

 (q) “Real Property” shall mean, collectively, the Land and Building and all fixtures, machinery and equipment installed
therein or used in the operation thereof and the curbs, sidewalks and plazas on the Land, and all easements and other appurtenances to the Building and/or or the Land. For any Tax Year that the Real Property shall include more than one tax lot, the
term “Real Property,” for purposes of the definition of Taxes and the provisions of Article 4 below, shall be deemed to include, and be comprised of, all of such tax lots and, without limiting the generality thereof, for so long as the
Condominium shall be in effect, the “Real Property” shall include all of the Units and the common interests appurtenant thereto. 
 (r) “Rent” shall mean the Base Rent, Additional Rent and all other amounts required to be paid by Tenant under this Lease. 
 (s) “Tax Year” shall mean every twelve (12) consecutive month period, all or any part of which occurs during the Term, commencing each July 1 or such other date as shall be the first day of
the fiscal tax year of the City of New York or other governmental agency responsible for the collection of Taxes. 
 (t)
“Taxes” shall mean (whether represented by one or more bills) the total of all real estate taxes, levies, license fees and assessments (including water rates and sewer rents), whether general or special, foreseen or unforeseen,
ordinary or extraordinary, of any nature whatsoever, now or hereafter levied, confirmed, charged, payable or imposed upon or attributable to, the Real Property. Any special assessment or levy (including, without limitation, any “Business
Improvement District” assessments) which is imposed upon the Real Property shall be deemed to be included in the term “Taxes”; and if, due to a future change in or addition to the method of taxation, a gross receipts, capital, capital
stock or other tax shall be levied against Landlord or the owner of the Building and/or the Land (or, for so long as the Condominium shall be in effect, the Units) in substitution for or in lieu of or as an additional part of any tax in the nature
of real estate tax or assessment, such gross receipts, capital, capital stock or other tax (whether or not directly imposed upon, or based upon, the assessed valuation of the Building or the Land or, for so long as the Condominium shall be in
effect, any of the Units) shall be deemed to be included in the term “Taxes,” to the extent such taxes are generally considered to be real estate taxes, but only to the extent of the amount thereof that would be levied if the Real Property
were the only assets of Landlord. Taxes shall not include (x) any Federal, state or local income, franchise, corporate, gross receipt (except to the extent provided above) or capital gains taxes payable by Landlord or (y) any penalties,
fines, interest or late charges payable by Landlord by reason of the late payment of Taxes, provided that Tenant shall have paid any Additional Rent payable under Section 4.2 with respect to such installment of Taxes timely. If any Title Four
Benefits (as defined in Article 30 below) shall be granted with respect to the Real Property for all or part of any Tax Year, Taxes for such Tax Year shall be increased by the amount of all such Title Four Benefits, so that Taxes shall be calculated
as if no such Title Four Benefits had been granted. 
  

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 2. GRANT OF LEASE 
 2.1 Demise 
 Subject to the terms, covenants, conditions and provisions of this Lease, Landlord leases to Tenant and Tenant
leases from Landlord the Premises, together with the non-exclusive right to use the Common Areas, for the Term. 
 2.2 Quiet Enjoyment 
 Landlord covenants that during the Term Tenant shall have quiet and peaceable possession of the Premises, subject to the terms, covenants, conditions and
provisions of this Lease, and Landlord shall not disturb such possession except as expressly provided in this Lease. 
 2.3 Landlord and Tenant Covenants

 Landlord covenants to observe and perform all of the terms, covenants and conditions applicable to Landlord in this Lease. Tenant
covenants to pay the Rent when due, and to observe and perform all of the terms, covenants and conditions applicable to Tenant in this Lease. 
 3. TERM

 3.1 Commencement Date 
 “Commencement Date” shall mean the first day of the Term, which shall be the Date (as defined in Section 1.1 above). 
 3.2 Early
Occupancy 
 Tenant shall have no right to enter the Premises until Landlord shall tender possession except with Landlord’s express
prior consent to such entry. Any entry by Tenant to all or any part of the Premises prior to the Commencement Date shall be subject to all of the covenants and conditions of this Lease. 
 3.3 Intentionally Deleted 
 3.4 Surrender 
 Upon the expiration or other cancellation or termination of the Term (such date, as applicable, being hereinafter referred to as the “Surrender
Date”), Tenant shall vacate and surrender possession of the Premises to Landlord in good order, repair and condition, except for ordinary wear and tear and any other damage which Tenant is not obligated to repair in accordance with the
provisions of this Lease. Upon the expiration or other termination of the Term, Tenant shall (a) remove all Alterations to the Premises which are required to be removed by Tenant upon the expiration or earlier termination of the Term pursuant
to the provisions of Article 10 or any other applicable provisions of this Lease, and, in connection with the removal of such Alteration, restore the Premises to the condition existing prior to the installation of such Alterations (it being
understood that such removal and restoration shall be performed subject to the provisions of Article 10 of this Lease), and (b) remove all of Tenant’s trade fixtures, office furniture, office equipment and other personal property from the
Premises. Tenant shall 
  

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 promptly repair any damage caused by such removal or, at Landlord’s option, pay Landlord within thirty
(30) days after demand the reasonable cost of repairing any damage to the Premises or Building caused by the removal of any such items. Landlord shall furnish reasonable supporting documentation for such costs to Tenant promptly after
Tenant’s request. Any of Tenant’s property remaining in the Premises will be conclusively deemed to have been abandoned by Tenant and may be appropriated, stored, sold, destroyed or otherwise disposed of by Landlord without further notice
to or demand upon Tenant, and without liability or obligation to account to or compensate Tenant, and Tenant will pay Landlord within thirty (30) days after demand all costs incurred by Landlord relating to such abandoned property. Landlord
shall furnish reasonable supporting documentation for such costs to Tenant promptly after Tenant’s request. 
 3.5 Holding Over 
 3.5.1 Tenant shall not hold over at any time and Landlord may exercise any and all remedies at law or in equity to recover possession of the Premises, as
well as any damages incurred by Landlord, due to Tenant’s failure to vacate the Premises and deliver possession to Landlord as required by this Lease. If Tenant shall fail to surrender the Premises to Landlord on the Surrender Date in
accordance with the provisions of Section 3.4 above, Tenant shall pay to Landlord, as use and occupancy for each month or fraction thereof during which Tenant continues to occupy the Premises after the Expiration Date (the “Continued
Occupancy Period”), an amount of money (the “Occupancy Payment”) equal to one hundred fifty (150%) percent of the monthly Base Rent payable during the last year of the Term plus one-twelfth (1/12) of the annual
Additional Rent payable under Section 4 of this Lease during the last year of the Term. Tenant shall make the Occupancy Payment, without notice or demand, on the first day of each and every month during the Continued Occupancy Period. The
receipt and acceptance by Landlord of all or any portion of the Occupancy Payment shall not be deemed a waiver or acceptance by Landlord of Tenant’s breach of Tenant’s covenants and agreements under Section 3.4 or this
Section 3.5, or a waiver by Landlord of Landlord’s right to institute any summary holdover proceedings against Tenant, or a waiver by Landlord of any other of Landlord’s rights or remedies against Tenant in such event as provided for
in this Lease or under law. 
 3.5.2 In addition to making all required Occupancy Payments, Tenant shall, in the event of Tenant’s
failure to surrender the Premises on the Surrender Date in accordance with the provisions of Section 3.4 above and such failure shall continue for more than thirty (30) days after the Surrender Date (or sixty (60) days in the event
that Tenant shall be unable to surrender the Premises due to Force Majeure), also indemnify and hold Landlord harmless from and against any and all loss or liability resulting from any delay by Tenant in so surrendering the Premises, including any
special damages or claims Landlord may suffer by reason of any claims made by any succeeding occupant founded on such delay, and any reasonable attorneys’ fees, disbursements and court costs incurred by Landlord in connection with the
foregoing. 
 3.5.3 Tenant expressly waives, for itself and for any person claiming by, through or under Tenant, any rights which Tenant or
any such persons may have under the provisions of Section 2201 of the New York Civil Practice Law and Rules, and of any successor law of like import then in force, in connection with any summary holdover proceedings which Landlord may institute
to enforce the provisions of this Article 3. 
 3.5.4 Tenant’s obligation to observe or perform each and every one of the covenants set
forth in Section 3.4 and this Section 3.5 shall survive the expiration or other termination of the Term. 
  

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 4. RENT 
 4.1 Base
Rent 
 Commencing on the Rent Commencement Date and continuing thereafter throughout the Term, Tenant shall pay Landlord Base Rent in
accordance with the provisions of this Lease. Base Rent shall be payable in monthly installments in the amounts specified in Section 1.1, in advance, on or before the first day of each and every month during the Term. However, if the Term shall
commence on a day other than the first day of a month or shall end on a day other than the last day of a month, Base Rent for such month shall be pro-rated. Tenant shall pay the first monthly installment of Base Rent becoming due under this Lease
upon execution of this Lease by Landlord and Tenant. 
 4.2 Terms of Payment 
 All Base Rent, Additional Rent and other Rent shall be paid to Landlord in lawful money of the United States of America, at Landlord’s Building
Address or to such other person or at such other place as Landlord may from time to time designate in writing, without notice or demand and without deduction, abatement or setoff, except as otherwise expressly provided in this Lease. 
 4.3 Tax Escalation 
 4.3.1 Tenant shall pay to
Landlord, as Additional Rent, for each Tax Year subsequent to the Base Tax Year that contains any part of the Term, an amount (“Tenant’s Tax Payment”) equal to Tenant’s Tax Share of the amount by which Taxes for such Tax
Year exceed Taxes for the Base Tax Year. Prior to or as soon as practicable after the beginning of each Tax Year subsequent to the Base Tax Year, Landlord shall submit a statement to Tenant (the “Tax Statement”) setting forth
Tenant’s Tax Payment. Landlord shall furnish a copy of the tax bill supporting such Tax Statement to Tenant promptly upon request as soon as such tax bill shall be available. Tenant’s Tax Payment shall be payable in two (2) equal
installments, the first of which shall be due and payable on the June 1 immediately preceding the commencement of the Tax Year with respect to which a Tax Statement shall be rendered and the second of which shall be due and payable on the
December 1 immediately preceding the second half of such Tax Year, provided, however, that if Landlord shall render any Tax Statement after or less than ten (10) Business Days prior to the date on which a Tax Payment would otherwise be
due, then such payment shall be due ten (10) Business Days after Landlord shall have rendered such Tax Statement. 
 4.3.2 If, following
the delivery of any Tax Statement, Landlord shall receive a refund of Taxes with respect to a Tax Year for which Tenant has paid any Additional Rent under the provisions of this Section 4.3, Tenant’s Tax Share of the net proceeds of such
refund, after deduction of reasonable legal fees, appraiser’s fees and other expenses incurred in obtaining reductions and refunds and collecting the same, shall be applied and allocated to the periods for which the refund was obtained and, if
Tenant shall not be in default of any of Tenant’s obligations under this Lease, Landlord shall, at Landlord’s option, refund or credit to Tenant, Tenant’s Tax Share of the net proceeds of such refund, provided however, that
(x) if Tenant shall cure such default, Landlord shall promptly pay Tenant’s Tax Share of such net proceeds to Tenant and (y) after the expiration or earlier termination of the Term, if Tenant shall have paid all Base Rent, Additional
Rent and other Rent due and payable under this Lease, Landlord shall promptly pay any such refund to Tenant. In no event shall any refund or credit due to Tenant hereunder exceed Tenant’s Tax Payment paid by Tenant for such particular Tax Year.
In no event shall Tenant have the right to seek from the taxing authority any refund or reduction of Taxes. If, prior to the delivery of a Tax Statement to Tenant with respect to a particular Tax Year, Landlord shall obtain a reduction in

  

 8 

 Taxes for that Tax Year, then Tenant shall pay to Landlord, within fifteen (15) days following the issuance to
Tenant of a bill therefor, an amount equal to Tenant’s Tax Share of all reasonable costs and expenses (including reasonable legal, appraisal and other expert fees) incurred by Landlord in obtaining such reduction. 
 4.3.3 If there shall be a reduction or refund of Taxes for the Base Tax Year, Landlord shall furnish to Tenant a revised statement indicating the Taxes
payable with respect to the Base Tax Year as so finally determined and all prior and future payments of Tenant’s Tax Share of increases in Taxes provided for in this Section 4.3 shall be recalculated accordingly. Any additional payment due
for any Tax Year shall be made by Tenant within thirty (30) days after the furnishing to Tenant of the revised Tax Statement. 
 4.4 Expense
Escalation 
 4.4.1 For purposes of this Section 4.4, the term “Expenses” shall mean the aggregate of those expenses
(other than those expressly excluded below) incurred or accrued by Landlord with respect to each Fiscal Year in accordance with standard accounting practices of the real estate industry with respect to the operation of first class office buildings
in midtown Manhattan (“Standard Accounting Practices”) in connection with operating, repairing, managing, equipping, securing, protecting, maintaining, replacing, renewing, cleaning, decorating and inspecting the Building and/or
Land. Without limiting the generality of the foregoing, “Expenses” shall include the following items, whether directly incurred or through separate contract therefor: 
 (a) Wages, salaries, fees, bonuses and other compensation and payments and payroll taxes and contributions to any social security, unemployment insurance,
welfare, pension or similar fund and payments for other fringe benefits required by law or by union agreement (or, if the employees or any of them are non-union, then payment for benefits comparable to those generally required by union agreement in
first-class office buildings in the Borough of Manhattan, City of New York, which are unionized) made to or on behalf of all employees of Landlord or any contractor or agent employed by Landlord performing services rendered in connection with the
operation, repair and maintenance of the Building and/or Land, including without limitation: 
 (i) Elevator operators, if
any, and starters and assistant starters; 
 (ii) Window cleaners, porters, janitors, maids, cleaners, dusters, sidewalk
shovelers and miscellaneous handymen, and all of their supervisors; 
 (iii) Watchmen, caretakers, security personnel and
persons engaged in patrolling and protecting the Building and all of their supervisors; 
 (iv) Carpenters, engineers,
firemen, mechanics, electricians, plumbers and persons engaged in the operation, repair and maintenance of the Building and the Building Systems and all of their supervisors; 
 (v) The Building property manager(s), superintendent, assistants, clerical and administrative personnel, if any; and 
 (vi) Personnel of Landlord or the managing agent performing services in or for the Building (including, without limitation, costs for
property accounting, construction 
  

 9 

 management services for the Building, information technology services, human resources services and
building operations personnel), provided that if personnel provided any of the foregoing services also service other buildings, a reasonable allocation of their wages, salaries, fees and other compensation shall be made. 
 (b) The uniforms of all employees, and the cleaning, pressing and repair thereof. 
 (c) Cleaning and maintenance costs for the Land and Building, including the windows, sidewalks and plazas, and the costs of all labor,
supplies, equipment and materials incidental thereto. 
 (d) Premiums and other charges incurred by Landlord with respect to
all insurance relating to the Building and the operation and maintenance thereof, including, without limitation: 
 (i) Fire
and extended coverage insurance, including windstorm, hail, explosion, riot, rioting attending a strike, civil commotion, aircraft, vehicle and smoke insurance; 
 (ii) Public liability insurance; 
 (iii) Elevator insurance; 
 (iv) Worker’s compensation insurance; 
 (v) Boiler and machinery insurance; 
 (vi) Rent, use and occupancy insurance; 
 (vii) Health, accident and group life insurance on
all employees; and 
 (viii) War damage and terrorism insurance. 
 (e) The cost of electricity, steam, chilled water, fuel and other utilities used in connection with the operation and maintenance of the
Building and all permit and license fee in connection therewith. 
 (f) Costs incurred for the operation, service, security,
maintenance, inspection, and repair of the Land, the Building and the Building Systems and the costs of labor, materials, supplies and equipment used in connection with all of the aforesaid items, provided that any of the costs that are capital
expenses shall only be included in Expenses to the extent that capital expenses are otherwise expressly permitted to be included in Expenses in accordance with the provisions of this Subsection 4.4.1. 
 (g) Water charges and permit fees and sewer rents not reimbursed by tenants (other than pursuant to a general operating expense escalation
provision). 
 (h) Taxes (e.g., sales taxes and the like) upon any of the expenses enumerated herein. 
  

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 (i) Management fees of the managing agent for the Building. If there shall be no managing
agent, or if the managing agent shall be a company owned by Landlord, the management fees shall be deemed to be an amount equal to the fees that are customarily charged for the management of first class office buildings comparable to the Building by
independent owner/managers in the Borough of Manhattan. 
 (j) Administrative and clerical supplies. 
 (k) Depreciation on personal property and moveable equipment first incurred or accrued after the Base Expense Year. 
 (l) Occupancy costs for the Building management office, consisting of base rent costs plus a proportionate share of Expenses and Taxes
attributable to such office and office expenses such as telephone, utilities, stationary and the like. 
 (m) Capital costs
incurred to save or reduce Expenses, provided that any such cost shall only be included in each Fiscal Year to the extent of the annual amortization thereof calculated on a straight line basis over such period as Landlord reasonably estimates such
savings or reduction in Expenses shall equal the cost of such improvement, together with interest thereon at 3% in excess of the Prime Rate, and further provided that no such costs shall be included in Expenses for the Base Expense Year. 

(n) Costs incurred to comply with Laws (including amendments of Laws) enacted after the Date (as defined in Section 1.1(a) above)
and costs to comply with existing Laws that require periodic compliance to the extent that any particular periodic compliance is first required after the Date, provided that any such costs that are treated as capital expenses by Landlord in
accordance with Standard Accounting Practices shall only be included in any Fiscal Year to the extent of the annual amortization thereon calculated on a straight-line basis over the useful life of such item selected by Landlord in accordance with
Standard Accounting Practices together with interest thereon at 3% in excess of the Prime Rate, and further provided that no such capital expenses shall be included in Expenses for the Base Expense Year. 
 (o) Costs incurred to comply with insurance requirements promulgated after the Date (as defined in Section 1.1(a) above), provided
that any such costs that are treated as capital expenses by Landlord in accordance with Standard Accounting Practices shall only be included in any Fiscal Year to the extent of the amount of the annual amortization thereof calculated on a
straight-line basis over the useful life of such item selected by Landlord in accordance with Standard Accounting Practices together with interest thereon at 3% in excess of the Prime Rate, and further provided that any such capital expenses shall
not be included in Expenses for the Base Expense Year. 
 (p) The cost of repairs and replacements made in connection with
repairs of cables, fans, pumps, boilers, cooling equipment, wiring and electrical fixtures and metering, control and distribution equipment, component parts of the HVAC, electrical, plumbing, elevator and any life or property protection systems
(including, without limitation, sprinkler systems), window washing equipment and snow removal equipment, provided that any such expenses that are treated as capital expenses by Landlord in accordance with Standard Accounting Practices shall only be
included in any Fiscal Year to the extent of the annual amortization thereon calculated on a straight-line basis over the useful life of such item selected by Landlord in accordance with Standard Accounting Practices together with interest thereon
at 3% in excess of the Prime Rate, and further provided that any such capital expenses shall not be included in Expenses for the Base Expense Year. 
  

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 (q) The cost (or rental value) of any Building security or other system used in
connection with life or property protection (including the cost of, or rental cost of, all machinery, electronic systems and other equipment comprising any part thereof), provided that any such expenses that are treated as capital expenses by
Landlord in accordance with Standard Accounting Practices shall only be included in any Fiscal Year to the extent of the annual amortization thereon calculated on a straight-line basis over the useful life of such item selected by Landlord in
accordance with Standard Accounting Practices together with interest thereon at 3% in excess of the Prime Rate, and further provided that any such capital expenses shall not be included in Expenses for the Base Expense Year. 
 (r) Costs incurred to contest the validity of any Laws (including amendments to existing Laws) enacted after the Date (as defined in
Section 1.1(a) above). 
 (s) Costs incurred for painting and decorating the Common Areas (including, without limitation,
the lobby) and other non-leaseable areas of the Building, but excluding the cost of acquiring any investment quality fine art, and landscaping the Land and interior and exterior public areas and plazas of the Building, and costs of operating public
exhibits, performances, and displays. 
 (t) Costs and fees for accounting, bookkeeping, auditing, consulting, legal and other
professional services incurred in connection with the operation and maintenance of the Building. 
 (u) Intentionally deleted.

 (v) Real estate, vault and other taxes not included in Taxes. 
 (w) Customary office building and landlord’s trade association membership fees and dues. 
 (x) Professional expenses incurred in the general operation and maintenance of the Building. 
 Notwithstanding the foregoing, Expenses shall not include expenditures for any of the following: (1) mortgage principal or interest and financing
and refinancing costs; (2) ground lease payments; (3) leasing commissions and costs of advertising and marketing space for lease in the Building and all other leasing expenses: (4) costs for which Landlord is reimbursed by insurance
proceeds or by payments from tenants of the Building (other than such tenants’ contributions to Expenses) or otherwise; (5) capital expenses except as expressly provided in subsections (k) and (m) – (q) of this
Section 4.4; (6) the cost of tenant change work (other than repairs) performed for and reimbursed to Landlord by other tenants and any contributions by Landlord to the cost of constructing leasehold improvements for other tenants;
(7) repairs or rebuilding necessitated by condemnation to the extent reimbursed by condemnation proceeds; (8) Taxes which are included in the definition of Taxes set forth in Section 1.3; (9) the removal, encapsulation or
enclosure of any asbestos containing material in the Building; (10) depreciation (except as expressly provided in this Section 4.4); (11) legal fees incurred in negotiating leases or collecting rents or enforcing leases;
(12) costs directly and solely related to the maintenance and operation of the entity that constitutes the Landlord, such as accounting fees incurred solely for the purpose of reporting Landlord’s financial condition; (13) costs
incurred to operate any specialty use such as a health club, 
  

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 billboard, restaurant, parking garage and the like; (14) damages and other amounts paid by Landlord in connection
with claims and actions against Landlord as a result of Landlord’s negligence or other tort or breach of contract except to the extent that such costs would have been includable in Expenses had Landlord not committed such negligence, tort or
breach of contract; (15) costs paid to a person or entity related to Landlord, to the extent such costs are in excess of the costs that would have been paid in the absence of such relationship; (16) Landlord’s cost of rendering
services or work to a tenant (such as overtime air conditioning) for which Landlord is reimbursed by such tenant (other than pursuant to an operating expense escalation) or which is in excess of the services or work Landlord is required to furnish
to Tenant under this Lease; (17) penalties, interest, late charges and other amounts incurred as a result of any default or failure by Landlord to comply with any agreements to which Landlord is bound, except to the extent that such costs would
have been includable in Expenses had Landlord not breached such obligations; (18) fines and penalties incurred by Landlord resulting from Landlord’s violation of Laws; (19) amounts incurred in connection with any withdrawal liability
or unfunded pension liability with respect to any pension plan; (20) costs of electricity consumed in rentable areas of the Building; (21) costs incurred with respect to the sale or transfer of the Land and/or Building or of any interest
of Landlord therein or in connection with the sale or acquisition of air or development rights; (22) cost of Landlord’s Work; (23) costs incurred by Landlord resulting from a Landlord’s or any tenant’s breach of a lease but
only to the extent that the same would not have been includable in Expenses had such breach not occurred; (24) costs incurred by Landlord in connection with any obligation to indemnify any tenant, but only to the extent that such costs are not
otherwise includable in Expenses; and (25) bad debts or rent losses or reserves therefor. 
 If less than 95% of the Building shall be
occupied during any Fiscal Year, then the amount by which those Expenses that vary with occupancy (such as cleaning costs) would have increased had the Building been 95% occupied and operational and had all Building services been provided to all
tenants shall be reasonably determined and the amount of such increase shall be included in Expenses for such Fiscal Year. In addition, if during all or part of any Fiscal Year, Landlord shall not furnish any particular items of work or services
(which would otherwise constitute an Expense) to portions of the Building due to the fact that (i) a tenant is itself providing such item of work or service or (ii) such item of work or service is not required or desired by the tenant of
such portion of the Building, then, for the purpose of computing Expenses, Expenses shall be deemed to be increased by the additional cost that Landlord would have incurred if it had provided such work or service to such portions of the Building.

 4.4.2 (a) Additional Expenses. Tenant shall pay to Landlord, as Additional Rent, in the manner provided below for each Fiscal
Year subsequent to the Base Expense Year that shall contain any part of the Term, Tenant’s Expense Share of the amount by which Expenses for such Fiscal Year exceeds Expenses for the Base Expense Year (“Additional Expenses”).

 (b) Estimated Payments. Prior to or as soon as practicable after the beginning of each Fiscal Year subsequent to the Base Expense
Year, Landlord shall notify Tenant of Landlord’s estimate of Tenant’s Expense Share of Additional Expenses for the ensuing Fiscal Year (“Landlord’s Estimate”). On or before the first day of each month during the
Fiscal Year with respect to which Landlord shall have given Tenant a Landlord’s Estimate, Tenant shall pay to Landlord, in advance, the monthly amount set forth on Landlord’s Estimate (the “Monthly Estimated Expense
Payment”), provided that until Landlord shall give Tenant a new Landlord’s Estimate with respect to the ensuing Fiscal Year, Tenant shall continue to pay the Monthly Estimated Expense Payment on the basis of the prior Fiscal
Year’s Landlord’s Estimate until the month after the month in which Landlord shall have given Tenant a new Landlord’s Estimate (provided that Tenant shall not be obligated to commence paying the new Monthly Estimated Expense Payment
less than fifteen (15) days after Landlord shall have 
  

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 given Tenant the new Landlord’s Estimate). In the first month in which Tenant shall be obligated to pay a new
Monthly Estimated Expense Payment based on the new Landlord’s Estimate, Tenant shall pay to Landlord a sum equal to the product of (x) the difference between the new Monthly Estimated Expense Payment and the prior year’s Monthly
Estimated Expense Payment multiplied by (y) the number of months which shall have elapsed since the beginning of the then current Fiscal Year. If at any time or times Landlord reasonably estimates that Tenant’s Expense Share of Additional
Expenses for the then-current Fiscal Year shall vary from Landlord’s Estimate by more than 5%, Landlord may, by notice to Tenant, revise the Landlord’s Estimate for such Fiscal Year and subsequent Monthly Estimated Expense Payments by
Tenant for such Fiscal Year shall be based upon such revised Landlord’s Estimate. 
 (c) Annual Settlement. As soon as
practicable after the close of each Fiscal Year subsequent to the Base Expense Year, Landlord shall deliver to Tenant a statement of Tenant’s Expense Share of Additional Expenses for such Fiscal Year (the “Annual Expense
Statement”). If, on the basis of such Annual Expense Statement, Tenant shall owe an amount that is less than the sum of the Monthly Estimated Expense Payments previously paid by Tenant for such Fiscal Year, Landlord shall, at
Landlord’s option, either refund such excess amount to Tenant or credit such excess amount against the next Monthly Estimated Payment(s) due or to become due from Tenant to Landlord except that after the expiration or earlier termination of the
Term, Landlord shall promptly refund such excess amount to Tenant after Tenant shall have paid to Landlord all Base Rent, Additional Rent and other Rent that shall be payable under this Lease through the Expiration Date. If, on the basis of such
Annual Expense Statement, Tenant shall owe an amount that is more than the sum of the Monthly Estimated Expense Payments previously paid by Tenant for such Fiscal Year, Tenant shall pay the deficiency to Landlord within thirty (30) days after
the delivery of such Annual Expense Statement to Tenant. 
 (d) Tenant’s Audit Right. The Annual Expense Statements furnished by
Landlord to Tenant as provided in Section 4.4.3 shall be binding on Tenant as to the determination of Expenses for the Base Expense Year and/or any subsequent Fiscal Year; provided, however, Tenant may, within ninety (90) days after
receipt of Landlord’s first statement setting forth Expenses for the Base Expense Year and/or any Annual Expense Statement for any comparison Fiscal Year, by written notice delivered to Landlord, time being of the essence, question the
correctness of such Annual Expense Statement or statement of the Base Expenses. Landlord shall maintain books and records necessary for computation of Expenses. Landlord shall permit Tenant or Tenant’s independent certified public accountants,
which shall be a firm having at least ten (10) members who are certified public accountants and which shall certify to Landlord that it is not being compensated in connection with such audit on a “contingency” or similar basis
(“CPA”), to have access to the books and records utilized to compute Expenses, during normal Business Hours upon reasonable notice for a period of one hundred eighty (180) days after receipt of such Annual Expense Statement in
question, and during no other time. Pending determination of any such dispute, and as a condition to Tenant’s right to review Landlord’s books and records in accordance with this Section, Tenant shall pay Additional Rent in accordance with
the Statement that Tenant is disputing, without prejudice to Tenant’s position. Tenant shall notify Landlord in reasonable detail and with reasonable specificity of any claim by Tenant of overpayment of Expenses within thirty (30) days
after the expiration of the aforesaid one hundred eighty (180) day review period, or Tenant shall be deemed to have waived any claims not asserted within said thirty (30) day period. No copying of any of Landlord’s books and records
shall be allowed except that a reasonable number of specific invoices may be copied to the extent reasonably necessary for Tenant or its CPA to prepare a report of such audit. Tenant agrees that Tenant shall not disclose the contents of such books
and records to any other party unless (i) Tenant is compelled to disclose the information pursuant to court order or applicable law; (ii) such disclosure is in connection with any proceeding enforcing any remedies of Tenant as to the
computation of Expenses or (iii) such disclosure is to any officer, employee, attorney or 
  

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 CPA of Tenant. Landlord may require any CPA employed by Tenant to execute a confidentiality agreement in form
satisfactory to Landlord prior to reviewing any books and records of Landlord. Tenant hereby waives any rights Tenant may have to review any books and records of Landlord (including, without limitation, any rights by law) except as expressly set
forth in this Section 4.4.2. Notwithstanding anything to the contrary in this Section 4.4, if it is finally determined that Landlord overstated Expenses for a Fiscal Year in any Annual Expense Statement by more than ten (10%) percent
of Expenses as so finally determined, then Landlord shall pay Tenant (by credit or payment as provided above) interest on the amount of Tenant’s overpayment for such Fiscal Year at the Prime Rate calculated at 2% over the Prime Rate from the
later of (x) the last day of the applicable Fiscal Year or (y) the date on which Tenant shall have paid to Landlord any “true up” for such Fiscal Year after Landlord shall have given Tenant the Annual Expense Statement with
respect to such Fiscal Year, to the date on which Landlord shall refund or credit such overpayment to Tenant. 
 4.5 Adjustments of and Revisions to
Payments of Additional Rent 
 If this Lease shall commence on a day other than the first day of a Tax Year or Fiscal Year, or shall
terminate on a day other than the last day of a Tax Year or Fiscal Year, then Tenant’s Tax Payment and/or Tenant’s Expense Share of Additional Expenses applicable to the Tax Year or Fiscal Year in which such commencement or termination
shall occur shall be prorated on the basis of the number of days within such Tax Year and/or Fiscal Year that are within the Term. Tenant’s obligation to pay Additional Rent which has accrued but not been paid allocable to periods prior
to the expiration or earlier termination of the Term (if any) and Landlord’s obligation to refund Taxes or any overpayment of Tenant’s Expense Share of Additional Expenses under this Article 4 shall survive such expiration or earlier
termination, subject to the provisions of this Article 4. Landlord shall have the right to render a corrected or revised Tax Statement or Annual Expense Statement at any time and from time to time during the Term (subject to the proviso hereinafter
set forth in this sentence), and Landlord’s failure to render any Tax Statement or Annual Expense Statement or revision or correction thereto during the Tax Year or Fiscal Year to which such statement shall relate shall not prejudice
Landlord’s right to render any such statement at any later time, provided however, that (I) Landlord shall have no right to render an initial or revised Tax Statement (and Tenant hereby waives the right to seek any refund for overpayment
of Taxes) with respect to any Tax Year more than three (3) years after the later of (x) the expiration of such Tax Year or (y) the date on which Landlord shall have finally settled the assessment of the Real Property for such Tax Year
and (II) Landlord shall have no right to render an initial or revised Expense Statement with respect to a Fiscal Year more than three (3) years after the expiration of the applicable Fiscal Year. 
 4.6 Interest on Late Payments 
 All amounts payable
under this Lease by Tenant to Landlord, if not paid when due, shall bear interest from the due date until paid at the lesser of (x) the highest interest rate permitted by law or (y) 4% in excess of the then-current Prime Rate. 

4.7 Right to Accept Payments 
 No receipt by
Landlord of an amount less than Tenant’s full amount due shall be deemed to be other than payment “on account”, nor shall any endorsement or statement on any check or any accompanying letter effect or evidence an accord and
satisfaction. No payment by Tenant to Landlord shall be deemed to be a waiver of any rights of Tenant. Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance or pursue any right of Landlord. No

  

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 payments by Tenant to Landlord after the expiration or other termination of the Term, or after the giving of any notice
(other than a demand for payment of money) by Landlord to Tenant, shall reinstate, continue or extend the Term or make ineffective any notice given to Tenant prior to such payment. After notice or commencement of a suit, or after final judgment
granting Landlord possession of the Premises, Landlord may receive and collect any sums of Rent due under this Lease, and such receipt shall not void any notice or in any manner affect any pending suit or any judgment obtained. 
 4.8 Insufficient Funds 
 If any check delivered to
Landlord in full or partial payment of any amounts due to Landlord pursuant to the terms of this Lease shall not be honored by reason of insufficient or uncollected funds or for any other reason, then Tenant shall pay to Landlord a service charge on
account thereof in the amount of Two Hundred ($200.00) Dollars, which charge shall be due and payable as Additional Rent with the next monthly installment of Base Rent. 
 4.9 Change in Laws 
 If all or any part of the Base Rent or Additional Rent shall at any time become
uncollectible, reduced or required to be refunded by virtue of any Laws (including rent control or stabilization laws), then, for the period prescribed by said Laws, Tenant shall pay to Landlord the maximum amounts permitted pursuant to said Laws,
and Tenant shall execute and deliver such agreement(s) and take such other steps as Landlord may reasonably request and as may be legally permissible to permit Landlord to collect the maximum rent which, from time to time during the continuance of
such legal rent restriction, may be legally permissible (and not in excess of the amounts then reserved therefor under this Lease). Upon the expiration or other legal termination of the applicable period of time during which such amounts shall be
uncollectible, reduced or refunded: (a) the Base Rent and Additional Rent shall become and shall thereafter be payable in accordance with the amounts reserved herein for the periods following such expiration or termination, and (b) Tenant
shall pay to Landlord as additional rent, within sixty (60) days after demand, all uncollected, reduced or refunded amounts that would have been payable for the above-said period absent such Laws. 
 4.10 Lockbox 
 If Landlord shall direct Tenant to pay
Base Rent or Additional Rent to a “lockbox” or other depository whereby checks issued in payment of Base Rent and/or Additional Rent are initially cashed or deposited by a person or entity other than Landlord (albeit on Landlord’s
authority), then, for any and all purposes under this Lease: (i) Landlord shall not be deemed to have accepted such payment until ten (10) days after the date on which Landlord shall have actually received such funds, and
(ii) Landlord shall be deemed to have accepted such payment if (and only if) within said ten (10) day period, Landlord shall not have refunded (or attempted to refund) such payment to Tenant. Nothing contained in the immediately preceding
sentence shall be construed to place Tenant in default of Tenant’s obligation to pay rent if and for so long as Tenant shall timely pay the rent required pursuant to this Lease in the manner designated by Landlord or Landlord’s Mortgagee.

 5. CONDITION OF PREMISES 
 Subject to
the provisions of Exhibit B and except as otherwise expressly provided in this Lease, by taking possession of the Premises hereunder, Tenant shall be deemed to have accepted the Premises as being in good order, condition and repair, and otherwise in
“as is” and “where is” condition as of the Commencement Date. Landlord shall not be obligated to perform any work whatsoever to prepare the 
  

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 Premises for Tenant, except as provided in Exhibit B annexed hereto and made a part hereof. All materials, work, labor,
fixtures and installations required for completion of the Premises and the operation of Tenant’s business thereat, other than Landlord’s Work and Landlord’s Base Building Work, shall (subject to the provisions of Section 10 below
and all other applicable provisions of this Lease) be promptly furnished and performed by Tenant, at Tenant’s own cost and expense. Tenant acknowledges that, except as may be expressly set forth in this Lease, neither Landlord, nor any
employee, agent or contractor of Landlord has made any representation or warranty concerning the Land, Building, Common Areas or Premises, or the suitability of either for the conduct of Tenant’s business. Landlord reserves, for Landlord’s
exclusive use, subject to the provisions of Section 9.4 regarding access to the Premises, any of the following (other than those installed by or for Tenant’s exclusive use) that may be located in the Premises: janitor closets, stairways
and stairwells; fans, mechanical, electrical, telephone and similar rooms, and elevator, pipe and other vertical shafts, flues and ducts. 
 6. USE;
REQUIREMENTS OF LAWS; AND OCCUPANCY 
 6.1 Use 
 6.1.1 Tenant shall use and occupy the Premises only for the Use described in Section 1.1 and no other use. Tenant shall use and occupy the Premises in compliance with the existing certificate of occupancy affecting the Premises
including, without limitation, all occupancy and floor load requirements. Tenant acknowledges that the foregoing provisions of this Section 6.1.1 are material obligations of Tenant under this Lease. 
 6.1.2 The use of the Premises permitted under Section 6.1(a) shall not include, and Tenant shall not use, or permit the use of, the Premises or any
part thereof for: (i) the offices or business of a governmental or quasi-governmental bureau, department or agency, foreign or domestic, including an autonomous governmental corporation or diplomatic or trade mission; or (ii) the conduct
or maintenance of any gambling or gaming activities; or any political activities or any club activities; or a trade school; or employment or placement agency; or messenger service; or for the manufacturing, storage, shipping or receiving of goods;
or for retail sales; or for the cooking or distribution of food. Without limiting the generality of the foregoing, Tenant covenants and agrees, as a material inducement to Landlord to enter into this Lease, that Tenant shall not permit the Premises
to be used for any business open to the general public or to “off street” visitors or invitees, but the foregoing is not intended to prohibit access to the Premises to Tenant’s business invitees who are pre-registered to visit the
Premises with Landlord’s security personnel, and who otherwise comply with Landlord’s Building standard security procedures. 
 6.1.3 Solely as an incident to Tenant’s use of the Premises for the Use, and subject to compliance with the certificate of occupancy affecting the Premises, Tenant may install and operate one or more “warming pantries” in the
Premises containing a “Dwyer” type kitchenette unit containing a sink, refrigerator, microwave oven and employee dining area. Tenant shall procure all licenses and permits (if any) which may be required in connection with such incidental
use, at Tenant’s cost and expense. The aforesaid incidental use shall be subject to all of the other terms and conditions of this Lease, including without limitation, the provisions of Article 10 of this Lease. 
 6.2 Compliance with Laws 
 6.2.1 Tenant shall use the
Premises in a safe, careful and proper manner, and, at Tenant’s expense, shall comply with all Laws now or hereafter existing (including, without limitation, the certificate of occupancy for the Premises and/or the Building, the Americans with
Disabilities Act of 1990, NYC Local Laws No. 5 of 1973, No. 16 of 1984 and No. 58 of 1988 and all orders, rules and 
  

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 regulations of Insurance Boards) that shall impose upon Landlord or Tenant any obligation, order or duty (including,
without limitation, the performance of any Alterations), whether foreseen or unforeseen, ordinary or extraordinary, with respect to: 
 (a)
the Premises (including, without limitation, any improvements or Alterations in the Premises) or Tenant’s occupancy, use or manner of use of the Premises, or 
 (b) any part of the Building other than the Premises if such obligation, order or duty shall arise from (i) the specific use or manner of any use or occupancy of the Premises by Tenant or any person claiming
through or under Tenant, or (ii) a condition created by Tenant or any person claiming under or through Tenant or any or their respective agents, contractors, employees, licensees, guests or invitees (including, without limitation, any
Alteration or improvement Tenant shall perform in or for the benefit of the Premises), or (iii) a breach of Tenant’s obligations under this Lease or the negligence of Tenant or its agents, contractors, employees, licensees, guests or
invitees. 
 Tenant shall give Landlord prompt notice of any notice it receives of the violation of any Laws or Insurance Requirements with
respect to the Premises or the use and occupancy thereof. Notwithstanding anything to the contrary contained in this Section 6.2.1, Tenant shall not be obligated to comply with any Laws to the extent that any Law requires the performance of an
Alteration of or to any structural component of the Building (i.e., a structural component being any portion of the Building’s “core” or “shell,” including any portion of any base Building System, in contradistinction
to the distribution system serving the Premises connected to such Building System) unless such Alteration shall be required by reason of (1) the specific use or manner of any use or occupancy of the Premises by Tenant or any person claiming
through or under Tenant, or (2) a condition created by Tenant or any person claiming under or through Tenant or any or their respective agents, contractors, employees, licensees, guests or invitees (including, without limitation, any Alteration
or improvement in the Premises), or (3) a breach of Tenant’s obligations under this Lease or the negligence of Tenant or its agents, contractors, employees, licensees, guests or invitees. 
 6.2.2 Tenant shall install a sprinkler distribution system in the Premises as part of Tenant’s initial Alterations to prepare the Premises for
Tenant’s occupancy. If any Insurance Boards or Laws shall require or recommend the modification, alteration or other changes of or to such sprinkler distribution system or the installation of fire extinguishers or other fire protection devices
or any changes in any of the foregoing for any reason, whether or not attributable to Tenant’s use of the Premises, or if any such installation or equipment becomes necessary to prevent the imposition of a penalty or charge against the full
allowance for a sprinkler or fire extinguishing system in the fire insurance rate as fixed by Insurance Boards, or by any fire insurance company, then Tenant, at Tenant’s expense, shall promptly make such installation within the Premises and
supply such changes, modifications, alterations, additions or other equipment. Notwithstanding the foregoing, Tenant shall not be obligated to comply with any Laws or the requirements of any Insurance Boards under this Section 6.2.2 to the
extent that any Laws or Insurance Requirements shall require an Alteration of or to a structural component of the Building (i.e., a structural component being any portion of the Building’s “core” or “shell,” including
any portion of any base Building System, in contradistinction to the distribution system serving the Premises connected to such Building System) unless such Alteration shall be required by reason of (1) the specific use or manner of any use or
occupancy of the Premises by Tenant or any person claiming through or under Tenant, or (2) a condition created by Tenant or any person claiming under or through Tenant or any or their respective agents, contractors, employees, licensees, guests
or invitees (including, without limitation, any Alteration or improvement in the Premises), or (3) a breach of Tenant’s obligations under this Lease or the negligence of Tenant or its agents, contractors, employees, licensees, guests or
invitees. 
  

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 6.2.3 Subject to the provisions of this Section, Tenant shall not cause or permit any Hazardous
Substances (hereafter defined) to be used, stored, released, disposed, handles, produced or installed by Tenant or Tenant’s employees, agents, contractors or invitees in or about the Premises or Building, except that Tenant may use and store in
the Premises Hazardous Substances which are typically used and stored in the ordinary course of business of an office tenant in a building comparable to the Building for the Use provided that the use, storage and disposal of such Hazardous
Substances is at all times in strict compliance with all Laws and in such quantities that are no larger than those customarily used by such office tenants for office use. Without limiting the generality of the foregoing or any other provisions of
this Lease, during the Term, Tenant shall comply with all Laws governing, and all procedures reasonably established by Landlord for, the use, abatement, removal, storage, disposal or transport of any Hazardous Substances, and any required or
permitted Alteration, repair, maintenance, restoration, removal or other work in or about the Premises, Building or Land that involves or affects any Hazardous Substances. For purposes of this Lease, “Hazardous Substances” shall
mean any element, compound, chemical mixture, contaminant, pollutant, material, waster or other substance with is defined, determined or identified as a “hazardous substance,” “hazardous waste,” or “hazardous material”
under any Laws including, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (codified in scattered sections of 26 U.S.C., 33 U.S.C., 42 U.S.C. and 42 U.S.C. Sec. 9601 et seq.), the Resource
Conservation and Recovery Act of 1976 (42 U.S.C. 6901 et seq.),) the Hazardous Materials Transportation Act (49 U.S.C. Sec. 1801 et seq.), (iv) the Toxic Substances Control Act (15 U.S.C. Sec. 2601 et seq.), (v) the
Clean Water Act (33 U.S.C. Sec. 1251 et seq.), the Clean Air Act (42 U.S.C. 7401 et seq.), the Safe Drinking Water Act (21 U.S.C. 349; 42 U.S.C. 201 and Sec. 300f et seq., the National Environmental Policy Act of 1969 (42
U.S.C.3421), the Superfund Amendment and Reauthorization Act of 1986 (codified in scattered sections of 10 U.S.C., 29 U.S.C., 33 U.S.C. and 42 U.S.C., Title III of the Superfund Amendment and Reauthorization Act (40 U.S.C. Sec. 1101 et seq.)
and the Environmental Conservation Law of the State of New York (codified in Volume 17 1/2 of McKinney’s
1984). In the event of a default under this Section after notice and the expiration of any applicable cure period (except that in case of emergency or threat to health or safety, no notice or cure period shall be required), in addition to any and
all other rights and remedies of Landlord under this Lease or at law, Tenant shall, at the option of Landlord, remove or reimburse Landlord for Landlord’s out-of-pocket cost to remove such Hazardous Substances. The provisions of this Section
shall survive the expiration or earlier termination of this Lease. 
 6.3 Insurance Requirements, Floor Loads and Occupancy Requirements

 Without limiting any other provision of this Lease, Tenant shall not place a load upon any floor of the Premises that exceeds the live
load per square foot that is permitted under the certificate of occupancy affecting the Premises. Tenant shall not violate any Insurance Requirements or do or permit any thing to be done in the Premises which shall invalidate or be in conflict with
the terms of the New York State standard form of fire insurance with extended coverage. Tenant shall not do or permit anything to be done in the Premises which unreasonably obstructs or interferes with other tenants of the Building or with
Landlord’s providing Building services, or which injures or unreasonably annoys other tenants. Tenant shall not cause, maintain or permit any nuisance in or about the Premises and shall keep the Premises free of debris, and anything of a
dangerous, noxious, toxic or offensive nature or which could create a fire hazard or undue vibration, heat or noise. Business machines and mechanical equipment used in the Premises that cause vibrations or noise so as to be reasonably objectionable
to Landlord or other tenants of the Building shall be placed and maintained by Tenant, at its expense, in settings sufficient, in Landlord’s good faith judgment, to eliminate such vibrations or noise. 
  

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 6.4 Breach of Covenants 
 Tenant expressly acknowledges that irreparable injury shall result to Landlord in the event of a breach of any of the covenants made by Tenant in this Article 6, and it is agreed that, in the event of such breach,
Landlord shall be entitled, in addition to any other remedies available, to an injunction to restrain the violation thereof. Breach of any of Tenant’s covenants under this Article after notice and the expiration of any applicable cure period
shall also constitute an Event of Default pursuant to the provisions of Article 21 hereof. 
 6.5 Window Washing 
 Tenant shall not clean, or permit, suffer or allow to be cleaned, any windows in the Premises from the outside in violation of Section 202 of the
Labor Law or any other Laws. 
 7. SERVICES 
 7.1
Landlord’s Operation of the Building 
 During the Term, subject to the provisions of this Lease, Landlord shall operate and maintain
the Building (i) in compliance with all applicable Laws which shall materially affect Tenant’s use and occupancy of the Premises (including reasonable access thereto), the provision of Building services to the Premises in accordance with
the provisions of this Lease, the health and safety of permitted occupants of the Premises and Tenant’s ability to complete permitted Alterations, other than Laws required to be complied with by Tenant or other tenants of the Building and
subject to Landlord’s right to contest the validity or applicability of any such Laws, and (ii) as a first class office building in accordance with the standards from time to time prevailing for comparable first-class office buildings in
midtown Manhattan. 
 7.2 Landlord’s Services 
 Subject to the provisions of this Lease, Landlord shall provide the following services: 
 (a) At
Landlord’s expense (subject to recovery in accordance with Section 4.4 above), maintain and make all necessary repairs and replacements to the Common Areas of the Building, all structural elements of the Building (including the Building
Systems), but excluding those portions of the Premises and the Building required to be repaired or maintained by Tenant pursuant to Article 9 of this Lease. Except as otherwise expressly provided in this Lease, there shall be no allowance to Tenant
for a diminution of rental value or interruption of business, and no liability on the part of Landlord, by reason of inconvenience, annoyance or injury to business arising from Landlord, Tenant or others making any repairs in or to any portion of
the Building or Building Systems or the Premises. Landlord shall use reasonable efforts to minimize interference with the conduct of Tenant’s business in the Premises during the performance of any repairs (without incurring overtime or premium
labor charges). 
 (b) At Landlord’s expense (subject to recovery in accordance with Section 4.4 above), provide Building standard
elevator service during Business Hours, and have one elevator on call at all other days and times. 
 (c) (i) At Landlord’s expense
(subject to recovery in accordance with Section 4.4 above), operate the base Building air-conditioning, heating and ventilating system installed by Landlord in the Building (the “HVAC System”) during Business Hours seasonally
in accordance with the design 
  

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 specifications set forth on Exhibit G. Tenant acknowledges that the windows are hermetically sealed and shall not open
and Landlord makes no representation as to the habitability of the Premises at any time the central ventilating and air conditioning systems are not in operation. Tenant hereby expressly waives any claims against Landlord arising out of the
cessation of operation of the central air conditioning, heating and ventilating systems, or the suitability of the Premises when same are not in operation or due to normal scheduling or for the reasons set forth in Section 7.3, subject to the
provisions of Section 7.3.2 below. Landlord shall not be liable for the failure of the air conditioning system if such failure results from the occupancy of the Premises by more than an average of one (1) person for each 150 square feet in
any separate room or area or if Tenant installs and operates machines, incandescent lighting and appliances the total connected electrical load of which exceeds 5 watts per square foot of usable area in any separate room or area. 
 (ii) If Tenant shall request heating, ventilation or air conditioning at any times other than during Business Hours (“Overtime HVAC
Service”), Landlord shall provide the same, subject to the provisions of this Lease, provided that Tenant shall give notice (which shall be given in the manner prescribed by Landlord’s property manager, which is currently an Internet
based notice system on a program entitled “Angus”) requesting Overtime HVAC Service to Landlord’s Building manager or other representative in charge of the Building (x) prior to 1:00 P.M. in the case of Overtime HVAC Service on
Business Days and (y) and prior to 1:00 P.M. on the Business Day immediately preceding the day on which Tenant shall desire such Overtime HVAC Service, in the case of Overtime HVAC Service on a Saturday, Sunday or Holiday. Tenant shall pay to
Landlord, for such Overtime HVAC Service, as Rent, then current Landlord’s Building standard charge therefor, within thirty (30) days after demand. If Tenant shall request Overtime HVAC Service on a non-Business Day for a period of less
than four (4) hours, Tenant shall pay for a minimum of four (4) hours of Overtime HVAC Service. If any other tenants of the Building whose premises are served by the same HVAC System as the Premises shall request Overtime HVAC Service for
any of the same hours as Tenant, the charge to Tenant for such common use shall be pro-rated based upon the rentable area of the Premises and the premises of such other tenant(s) requesting such Service. However, nothing herein contained shall
obligate Landlord to pro-rate such charge based upon other tenants who may receive the benefit of such Service but who shall not have so requested such Service. Landlord’s current Building standard charge for Overtime HVAC Service is $150 per
hour per floor, which is subject to increase from time to time. 
 (d) At Landlord’s expense (subject to recovery in accordance with
Section 4.4 above), furnish cold New York City water in the Premises for lavatory and drinking and office cleaning purposes, and furnish hot and cold water in the base Building lavatories on the floor(s) on which the Premises are located. If
Tenant requires, uses or consumes water for any other purpose, or installation becomes required by Laws, Tenant shall (or Landlord may at Tenant’s cost) install a meter or meters or other means to measure Tenant’s water consumption, and
Tenant further shall pay for the maintenance of said meter equipment and/or pay Landlord’s cost of other means of measuring such water consumption by Tenant. Tenant shall reimburse Landlord for the actual cost charged to Landlord of all water
consumed (including costs of generating hot water, if any) as measured by said meter or meters or as otherwise measured, including sewer rents, as additional rent within thirty (30) days after bills are rendered. 
 (e) At Landlord’s expense (subject to recovery in accordance with Section 4.4 above), furnish office cleaning service on Business Days in
accordance with the specifications set forth in Exhibit H. Tenant shall pay to Landlord the reasonable costs incurred by Landlord for (x) extra cleaning in the Premises required because of (i) misuse or neglect by Tenant or its employees
or business visitors, (ii) use of portions of the Premises for preparation, serving or consumption of food or beverages or other special purposes (except mail room) requiring greater or more difficult cleaning work than office areas,

  

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 (iii) unusual quantity of interior glass surfaces, (iv) non-building standard materials or finishes installed by
Tenant or at its request, and (y) removal from the Premises and the Building of (i) so much of any refuse or rubbish of Tenant as shall exceed that ordinarily accumulated daily in the routine of business office occupancy and
(ii) refuse and rubbish of Tenant’s vending machines and other eating facilities requiring special handling (known in the trade as “wet garbage”). Tenant may arrange for removal of such wet garbage by its own personnel or by
contractors approved by Landlord, subject to such rules and regulations as Landlord may reasonably impose for the proper operation and maintenance of the Building. Tenant may also arrange directly with Landlord’s cleaning contractor to pay for
any or all of the costs of extra cleaning and rubbish removal referred to in this Section. Landlord and its cleaning contractor and their employees shall have access to the Premises during non-Business Hours and the free use of light, power and
water facilities in the Premises as shall be reasonably required for the purpose of cleaning the Premises in accordance with Landlord’s obligations hereunder. 
 (f) (i) Tenant, at its sole expense and in accordance with the provisions of Article 10 of this Lease, shall have the right to install one or more water-cooled supplemental air-conditioning units in the Premises
(the “Supplemental AC Equipment”). If Tenant shall elect to install Supplemental AC Equipment in the Premises, then Landlord shall install (if the same shall not previously have been installed), at Tenant’s cost, at a single
point designated by Landlord in the Building core on the floor on which the Premises is located (the “Distribution Point”), the hardware necessary to permit Tenant to “hook up” to the Building’s chilled water loop for
the purpose of obtaining the Supplemental Chilled Water (defined below). Tenant shall pay to Landlord, within thirty (30) days after demand, as Rent, any reasonable costs incurred by Landlord to install such hardware. Landlord shall furnish
reasonably itemized “back up” documentation identifying such costs promptly upon Tenant’s request. 
 (ii) Landlord shall
furnish, to the Distribution Point, up to an aggregate of fifty (50) tons of chilled water, 24 hours per day, 7 days per week (the “Supplemental Chilled Water”). Tenant, at its expense, shall be responsible for connecting to
the Distribution Point and distributing the Supplement Chilled Water through the Premises to Tenant’s Supplemental AC Unit. Simultaneously with the installation of Tenant’s Supplemental AC Unit, and prior to drawing any Supplemental
Chilled Water from the Distribution Point, Tenant shall also install a meter (the “Chilled Water Meter”), which shall be approved by Landlord, at the Distribution Point to monitor and measure Tenant’s consumption of
Supplemental Chilled Water. Landlord shall have no obligation to furnish the Supplemental Chilled Water to the Distribution Point until Tenant shall have installed the Chilled Water Meter. In addition to the Chilled Water Meter, Tenant shall install
such other equipment as will prevent Tenant from drawing, at any instant in time, more than 50 tons of chilled water from the Distribution Point. 
 (iii) Tenant’s Supplemental AC Equipment shall not, at any instant in time, demand, nor shall Tenant otherwise demand, supplement chilled water in excess of 50 tons in the aggregate. 
 (iv) Tenant shall pay to Landlord, as Rent within thirty (30) days after demand, for all chilled water it draws from the Distribution Point during
any period, an amount equal to $0.35 for each Ton Hour of chilled water consumed during such period as recorded on the Chilled Water Meter. “Ton Hours” shall mean, for any period, a number of ton hours equal to the quotient of
(A) the product of (y) the number of BTU’s of chilled water consumed by Tenant during such period (as measured by such meter), multiplied by (z) the “Meter Factor” (as such term is used in the vernacular of the
industry) applicable to the make and model number of such meter, divided by (B) the BTUH Factor applicable to the make and model number of such meter. 
  

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 (g) If, at the request of Tenant, Landlord or an affiliate of Landlord shall at any time during the Term
furnish any services to Tenant other than the services to be furnished to Tenant pursuant to the provisions of this Section 7.2, then Tenant shall pay to Landlord as Rent, or, at Landlord’s option pay to Landlord’s affiliate, within
thirty (30) days after demand, Landlord’s then current Building standard charge for such services. Nothing contained in this paragraph shall obligate Landlord to furnish any such additional services to Tenant. 
 7.3 Interruption of Services 
 7.3.1 Landlord reserves
the right to stop the furnishing of any Building services and the service of any of the Building Systems to perform repairs or Alterations which, in Landlord’s judgment, shall be necessary or desirable or when necessary by reason of accident or
emergency. If any of the Building Systems or services required to be provided by Landlord pursuant to this Article 7 or Article 8 below shall be interrupted, curtailed or stopped, Landlord shall use reasonable efforts with due diligence to resume
such service; provided, however, that (subject to the provisions of Section 7.3.2 below) Landlord shall have no liability whatsoever by reason of any such interruption, curtailment or stoppage of any of such services (whether the same shall be
interrupted, curtailed or stopped while Landlord shall be performing any repairs or Alterations or when Landlord shall be prevented from supplying or furnishing the same by reason of Laws, the failure of any public utility or governmental authority
serving the Building to supply electricity, water, steam, oil or other fuel, strikes, lockouts, the difficulty of obtaining materials after the use of due diligence, accidents or by any other cause beyond Landlord’s reasonable control or for
any other reason), including, without limitation, any liability for damages to Tenant’s personal property or for interruption of business caused by any such interruption or stoppage, nor shall the same constitute an actual or constructive
eviction or entitle Tenant to any abatement or diminution of the Rent payable under this Lease or in any manner or for any purpose relieve Tenant from any of its obligations under this Lease. 
 7.3.2 Notwithstanding anything to the contrary set forth in this Section 7.3, if there shall be an interruption, curtailment or suspension
(hereinafter referred to as an “Interruption”) of any Essential Service (defined below) and, as a result of such Interruption, (i) all or at least twenty-five (25%) percent of the Premises (the “Affected
Area”) shall be rendered untenantable during Business Hours for a period of more than five (5) Business Days after notice thereof shall have been given by Tenant to Landlord, (ii) Tenant shall have ceased to conduct its normal
business operations therein for more than five (5) consecutive Business Days and (iii) the Interruption shall have been caused by the negligence or willful misconduct of Landlord or Landlord’s agents, employees or contractors or
breach of this Lease by Landlord and shall not have been caused by reason of any acts or omissions of the public utility serving the Building, an act of God or any other act of Force Majeure, then, as Tenant’s sole remedy, Tenant shall have the
right to abate the Base Rent and Additional Rent payable under this Lease allocable to the Affected Area only for the period which shall begin on the sixth (6th) Business Day after Tenant shall have given Landlord notice of the Interruption and vacated and ceased to conduct Tenant’s normal business in the Affected Area and ending on the date on
which the Interruption shall have ceased to render the Affected Area untenantable. For purposes of this Section 7.3.2, “Essential Service” shall mean the following services which Landlord is obligated to provide to the
Premises, during business hours only: (a) heat, during any period during which Landlord is obligated to furnish the same under the provisions of this Lease, (b) electricity, (c) air-conditioning, during any period during which
Landlord is obligated to furnish the same under the provisions of this Lease, (d) access to the Premises and (e) the service of at least one (1) elevator. Notwithstanding anything to the contrary above, the term
“Interruption” shall also include loss of use of the Premises under the provisions of Section 9.4.1 or 10.2 below resulting solely from Landlord’s performing Alterations or repairs in the Premises to remedy a condition created by
the negligence, breach of Lease or willful misconduct of Landlord. 
  

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 7.4 Changes in Laws 
 In the event any governmental entity promulgates or revises any Law, or issues mandatory controls relating to the use or conservation of energy, water, light or electricity, or the provision of any other utility or
service furnished by Landlord in the Building, Landlord may take any appropriate action to comply with such provision of Law or mandatory controls, including the making of alterations to the Building subject, however, to the terms and conditions of
this Lease. 
 7.5 Impermissible REIT Income 
 For so long as the entity specified in Section 1.1(b) (or an affiliate or REIT-qualified successor in interest of such entity) shall be the Landlord under this Lease, any “non-customary” services required to be provided to
Tenant under this Lease that may result in the actual or constructive receipt by Landlord (or any member of Landlord) of impermissible tenant service income as described in Section 856(d)(7) of the Internal Revenue Code shall be performed by
Trizec Tenant Services LLC, a Delaware limited liability company (or its designated successors or assigns). 
 8. ELECTRIC 
 8.1 Submetered Electricity 
 A. Subject to the
provisions of this Article 8 and the other provisions of this Lease, Landlord shall furnish a connected electric load of up to six (6) watts per usable square foot contained in the Premises for Tenant’s normal business purposes. Commencing
on the Commencement Date and continuing thereafter throughout the Term, Tenant shall pay to Landlord, as Rent, without set-off, defense, counterclaim, abatement or deduction whatsoever, a monthly charge for electricity furnished to the Premises (the
“Electricity Charge”) determined by (x) applying the aggregate KW demand and KW hours of electricity consumed in the Premises as recorded by submeters and ancillary equipment serving the Premises (the “Electric
Meters”), to the monthly average cost per KW hour and per KW demand recorded on Landlord’s meters for the Building and billed by the utility furnishing electric energy to the Building, including all taxes, fuel adjustments, surcharges,
rate adjustment changes and charges and any other factors used by said public utility in computing the charges to Landlord for electric energy furnished to the Building and adding thereto (y) a sum equal to three (3%) percent of the amount
calculated in accordance with the provisions of the foregoing clause (x). Tenant shall furnish and install all lighting tubes, lamps, bulbs and ballasts required in the Premises, at Tenant’s expense. 
 B. (i) Landlord shall take good care of the Electric Meters and shall promptly make all repairs and replacements necessary to maintain them in good
working order and condition, at Tenant’s sole cost and expense. During any period in which the Electric Meter(s) shall not be operating in good working order, the Electricity Charge shall include an amount for electricity furnished to the
Premises at the rate paid by Tenant during the most recent comparable period during which the Electric Meter(s) were in good working order. 
 (ii) If the Electric Meter(s) shall not be operational on the Commencement Date, then Tenant shall pay to Landlord, for electricity furnished to the Premises during the period commencing on the Commencement Date and ending on the day
immediately prior to the first day of the 
  

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 first billing cycle for which the Electric Meter(s) shall be operating in good working order, the sum of $5,215.50
Dollars per month (the “Interim Electric Charge”). Said sum shall be payable on the first day of every calendar month during the applicable period without set-off, deduction, counterclaim or abatement whatsoever, as additional Rent,
and shall be pro-rated with respect to any partial month. 
 C. All Electric Meters shall be read by an electrical consultant retained by
Landlord, at Landlord’s cost. Where more than one (1) meter measures the electricity supplied to Tenant, the electricity rendered through each meter shall be computed on the basis of coincidental demand. 
 8.2 Use of Electricity 
 Tenant’s use of
electricity in the Premises shall not at any time exceed the capacity of any of the electrical conductors, machinery and equipment in or otherwise servicing the Premises, subject to the provisions of Section 8.5 below. In order to ensure that
such capacity is not exceeded and to avert possible adverse effect upon the electric service in the Building, Tenant shall not, without Landlord’s prior written consent in each instance, connect any fixtures, machinery, appliances or equipment
to the Building electric distribution system or make any alteration or addition to Tenant’s appliances or equipment or the electric system of the Premises. Should Landlord grant such consent, all additional risers or other equipment required
therefor shall be provided by Landlord and the cost thereof shall be paid by Tenant within thirty (30) days after Landlord’s demand. As a condition to undertaking said work, Landlord may require Tenant to furnish Landlord with security
satisfactory to Landlord securing payment of the cost of said work. 
 8.3 Interruption of Electric Service 
 Landlord shall not be liable in any way to Tenant for any failure, interruption or defect in the supply or character of electricity, steam or other
utilities furnished to the Premises by reason of any requirement, act or omission of the public utility serving the Building with electricity or steam or for any other reason (including, without limitation, any interruption due to repairs or
alterations made by Landlord in the Building) unless that same shall be attributable to the negligence or willful misconduct of Landlord, in which event Tenant’s sole remedy shall be as set forth in Section 7.3.2 above. In no event shall
Landlord be liable for any consequential or special damages or damages for interruption to or loss of business. 
 8.4 Discontinuance of Electricity

 Landlord reserves the right to discontinue furnishing electricity to Tenant in the Premises at any time upon not less than ninety
(90) days notice to Tenant, provided that such period shall be extended for such additional period as may be reasonably necessary for Tenant, acting with due diligence, to arrange to obtain electricity directly from the public utility serving
the Building, and further provided that Landlord shall not discontinue furnishing electricity to Tenant unless Landlord shall also discontinue furnishing (or shall not furnish) electricity to tenants of at least sixty (60%) percent of the
Building. If Landlord shall exercise such right of termination, this Lease shall continue in full force and effect and shall be unaffected thereby, except only that, from and after the effective date of such termination, Landlord shall not be
obligated to furnish electricity to Tenant and Tenant shall not be obligated to pay the Electricity Charge to Landlord pursuant to the provisions of Section 8.1 above. If Landlord so discontinues furnishing electric energy to Tenant, Tenant
shall arrange to obtain electricity directly from the public utility company furnishing electric service to the Building. Such electricity may be furnished to Tenant by means of the then existing Building system feeders, risers and wiring to the
extent that the 
  

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 same are available, suitable and safe for such purposes. All meters and additional panel boards, feeders, risers, wiring
and other conductors and equipment which may be required to obtain electricity directly from such public utility company shall be installed and maintained by Landlord at its expense except that if Landlord shall be required to discontinue furnishing
electricity by reason of Laws, then Tenant shall install and maintain the same at Tenant’s cost. Such discontinuance shall not be deemed a lessening or diminution of services within the meaning of any present or future Laws. 
 8.5 Maximum Connected Load; Changes in Laws; Miscellaneous 
 A. Tenant covenants and agrees that at no time shall the connected electrical load in or for the Premises exceed 6 watts per square foot of usable area. 
 B. If the public utility furnishing electricity to the Building, or any Laws, shall institute or require a change in the manner in which electricity is to be furnished or paid for, and such change reasonably
necessitates an appropriate modification of this Article 8, Tenant shall execute such modification, provided, however, that in no event shall the Base Rent be reduced to an amount below the amounts thereof stated in Section 1.1 of this Lease.
Tenant shall fully and timely comply with all rules and regulations of the public utility applicable to Tenant or the Premises. 
 C. If any
taxes are or shall be imposed upon Landlord’s furnishing of electricity, Tenant shall reimburse Landlord therefor within thirty (30) days after demand. Landlord shall promptly provide any available supporting documentation for such taxes
upon Tenant’s request. 
 D. Landlord’s failure to render any statement under the provisions of this Article 8 shall not prejudice
Landlord’s right to render such statement at any time thereafter or to render a statement under this Article 8 for prior or subsequent periods. The obligations of Tenant with respect to any payment required to be made pursuant to the provisions
of this Article 8 shall survive the expiration or sooner termination of the Term for a period of two (2) years. 
 9. REPAIRS AND MAINTENANCE OF
PREMISES; ACCESS TO PREMISES BY LANDLORD 
 9.1 Repairs by Tenant 
 Subject to the provisions of Article 6, Section 7.2(a), and Articles 13 and 15, and except to the extent Landlord is required or elects to perform or pay for certain maintenance or repairs in accordance with said
Sections, Tenant shall, at Tenant’s sole expense, at all times during the Term, maintain in good order and repair and in compliance with all applicable Laws, the Premises and all fixtures, glass (other than the exterior glass curtain wall
unless Tenant or its employees, agents, contractors or invitees shall have damaged the same), appurtenances and equipment therein (including promptly and adequately repairing, restoring and/or replacing all portions that are damaged or broken),
including, without limitation, Tenant’s entire distribution system for all of the Building Systems that serve the Premises up to the point at which such distribution system connects to the Building System, i.e., (i) Tenant’s entire
air distribution ceiling duct system to the point at which the same connects to the main distribution duct for the Premises located in the core area of the Building (but not the perimeter heating/cooling units located around the perimeter of the
Premises, which units shall be repaired by Landlord except to the extent to which the same are damaged by Tenant), (ii) Tenant’s entire electrical system to the panel box that services the Premises, (iii) all water and waste lines and
fixtures to the point at which the same connect to the vertical pipes and wet columns located in the core of the Building, (iv) the portion of the “Class E” fire safety system within the Premises and (v) any and all supplemental
and other systems located in 
  

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 and/or exclusively serving the Premises. Tenant shall also repair, restore and/or replace all damage and injury to the
Premises or to any portion of the Building or the Building Systems outside of the Premises (including, without limitation, the rough floor, the rough ceiling, exterior walls and load bearing columns and other structural elements) caused by or
arising from any acts or omissions of Tenant or Tenant’s agents, contractors or employees. All repairs and other work performed by Tenant or Tenant’s contractors (which shall be subject to Landlord’s approval in accordance with the
provisions of Article 10) shall (i) be performed in compliance with all of the provisions of Article 10 of this Lease, (ii) be performed in a first-class workmanlike manner using only grades of materials at least equal in quality to
Building standard materials and (iii) comply with all insurance requirements and all applicable Laws. 
 9.2 Failure to Maintain Premises;
Landlord’s Right to Cure 
 If Tenant shall fail to perform any of its obligations under Section 9.1 or any other provision of
this Lease after notice and the expiration of the applicable cure period under Article 21 (except in case of actual or suspected emergency, in which case no notice shall be required but Landlord shall endeavor to give such notice as shall be
practicable under the circumstances to Tenant at the Premises), then Landlord may, without further notice to Tenant perform such obligations and Tenant shall pay as Rent to Landlord the actual, commercially reasonable cost of such performance, plus
an amount reasonably sufficient to reimburse Landlord for overhead and supervision, within thirty (30) days after demand from Landlord. Upon Tenant’s request, Landlord shall promptly furnish reasonably detailed supporting documentation of
such costs to Tenant. 
 9.3 Landlord’s Right to Perform Repairs to Building Systems 
 In any case in which Tenant shall be required or shall desire to make any repairs or perform any Alterations or other work pursuant to this Article or
Articles 6 or 10 and such repairs, Alterations or other work shall affect the Building Systems or areas outside of the Premises, Landlord may, in Landlord’s discretion, elect to make such repairs or to perform such Alterations or other work for
and on behalf of Tenant, but at Tenant’s sole cost and expense. In such event, Tenant shall reimburse Landlord, as Rent, for the reasonable cost incurred by Landlord to perform such repairs and/or Alterations or other work in accordance with
the standards of first class office buildings in midtown Manhattan, within thirty (30) days after Landlord shall furnish a statement to Tenant of the amount thereof. 
 9.4 Access to Premises by Landlord 
 9.4.1 Tenant shall permit Landlord and Landlord’s agents,
representatives, contractors and employees and public utilities servicing the Building to enter the Premises at all reasonable times upon reasonable prior notice (except in case of actual or suspected emergency in which event no notice shall be
required but Landlord shall endeavor to give such notice as shall be practicable under the circumstances to Tenant at the Premises), which notice may be oral, whether or not Tenant shall be present (it being agreed that Landlord shall afford Tenant
an opportunity to have a representative present unless the same shall not be practicable in case of actual or suspected emergency), for any of the following purposes: (i) to examine or inspect the Premises, (ii) to show the Premises to
existing or prospective mortgagees, lenders or ground lessors or to prospective purchasers, (iii) to comply with any Laws or the requirements of any insurance policies or encumbrance affecting the Building, (iv) to perform any Alterations,
repairs, improvements, additions, replacements or restorations which Landlord shall deem necessary or desirable in Landlord’s good faith judgment (it being agreed that Landlord shall perform the same with diligence, clean the affected portion
of the Premises upon completion and repair any damage to the Premises caused by Landlord) (v) to comply with any of Landlord’s obligations under this Lease, (vi) to exercise any right or remedy of Landlord under this Lease, including,
without 
  

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 limitation, Landlord’s rights to cure any default of Tenant under this Lease (provided that any notice of default
Landlord shall give to Tenant which shall state that Landlord may cure such default if Tenant fails to do so shall also serve as any prior notice required to be given under this Section 9.4 and no further notice of Landlord’s entry under
this Section shall be required) and (vii) during the last eighteen (18) months of the Term, to show the Premises to prospective tenants. Landlord shall have the right to take any materials and equipment into the Premises that may be
required while any repairs, restorations, improvements, replacements, additions or Alterations are being performed and such performance shall not constitute an actual or constructive eviction in whole or in part or entitle Tenant to any abatement of
the Rent payable under this Lease (except as otherwise expressly provided in Article 13 or Section 7.3.2) or other compensation for interruption to or loss of business or subject Landlord to any other liability. Landlord shall use reasonable
efforts to minimize interference in the normal conduct of Tenant’s business during any such entry by Landlord, provided that Landlord shall not be obligated to employ labor at overtime or premium pay rates (except that Landlord shall employ
overtime labor, if necessary, in the event of an emergency). Landlord shall, to the extent the same shall be reasonably practicable, conceal or camouflage any installations made by Landlord in the Premises above the suspended ceiling or within the
walls or columns of the Premises. If Tenant shall not be present when any entry into the Premises shall be necessary or if Tenant shall not elect to make a representative available when any entry into the Premises shall be voluntary on the part of
Landlord, Landlord and Landlord’s agents, representatives, contractors or employees may enter the Premises without rendering Landlord or such parties liable, provided that such parties shall use reasonable care under the circumstances to avoid
damage to Tenant’s property and Alterations, it being agreed that Landlord shall have no liability for the acts of the New York City Fire or Police Departments. 
 9.4.2 Without incurring any liability to Tenant, Landlord may permit access to the Premises and open the same, whether or not Tenant shall be present (it being agreed that if Tenant shall be in actual, physical
occupancy of the Premises, Landlord shall give Tenant such notice as may be practicable under the circumstances, which may be oral notice to Tenant at the Premises, and Tenant may have a representative present), upon demand of any receiver, trustee,
assignee for the benefit of creditors, sheriff, marshal or court officer entitled to, or purporting to be entitled to, such access for the purpose of taking possession of, or removing, Tenant’s property or for any other lawful purpose (but by
this provision any action by Landlord hereunder shall not be deemed a recognition by Landlord that the person or official permitted to such access has any right to such access or interest in or to this Lease, or in or to the Premises), or upon
demand of any representative of the fire, police, building, sanitation or other department of the city, state or federal governments. 
 9.4.3. Any reservation of a right by Landlord to enter upon the Premises and to make or perform any repairs, Alterations or other work in, to or about the Premises which, in the first instance, is the obligation of Tenant pursuant to this
Lease, shall not be deemed to: (i) impose any obligation on Landlord to do so, (ii) render Landlord liable (to Tenant or any third party) for the failure to do so, or (iii) relieve Tenant from any obligation to indemnify Landlord as
otherwise provided elsewhere in this Lease. 
 9.5 Notice of Damage 
 Tenant shall notify Landlord promptly after Tenant learns of (a) any fire or other casualty in the Premises; (b) any damage to or defect in the Premises, including the fixtures and equipment in the Premises,
for the repair of which Landlord might be responsible; and (c) any damage to or defect in any parts of appurtenances of the Building’s sanitary, electrical, heating, air conditioning, elevator or other systems located in or passing through
the Premises. 
  

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 9.6 Janitorial Services 
 Except as set forth in Article 7 above, Tenant shall, at Tenant’s expense, keep the Premises clean and in order, to the reasonable satisfaction of Landlord, and for that purpose shall use its own employees or
employ a person, firm or corporation who or which shall be subject to the prior written approval of Landlord. In order to insure effective security in the Building, Tenant acknowledges the reasonableness of Landlord, at its option, to designate a
party to be so employed by Tenant and to act as maintenance and cleaning contractor for any waxing, polishing, lamp replacement, cleaning and maintenance work in the Premises, so long as such party is a reputable person, firm or corporation that
charges no more than the rates in effect for comparable services in similar type buildings. Landlord expressly reserves the right to exclude from the Building any person, firm or corporation attempting to perform any such work or furnish any of such
services without Landlord’s prior written approval or not so designated by Landlord. 
 9.7 Energy Conservation 
 Tenant shall abide by all requirements which Landlord may reasonably prescribe for the proper protection and functioning of the Building Systems and the
furnishing of the Building services. Tenant shall keep all windows closed while the air-conditioning, heating and ventilating system is in operation. Tenant further shall cooperate with Landlord in any energy conservation effort pursuant to a
program or procedure promulgated or recommended by ASHRAE or any Laws. 
 10. ALTERATIONS 
 10.1 Alterations by Tenant 
 10.1.1 Subject to the
provisions of this Article 10 and to other applicable provisions of this Lease, Tenant may from time to time, at Tenant’s expense, perform Alterations in and to the Premises to better adapt the same to its business, provided that any such
Alteration shall (a) not alter the exterior of the Building in any way or affect the exterior appearance of the Building; (b) not be structural or exceed or adversely affect the capacity, maintenance, expenses or integrity of the
Building’s structure or any of its components, including, without limitation, the Building Systems; (c) not affect the certificate of occupancy for the Building or necessitate the performance of any work by Landlord in the Building;
(d) comply with all applicable Laws and Insurance Requirements; (e) be made only with the prior written consent of Landlord, which consent shall not be unreasonably withheld or unduly delayed with respect to non-structural Alterations to
be performed within the Premises; (f) not violate any agreement (including, without limitation, any Encumbrance) which affects the Building or binds Landlord provided that Landlord shall have given Tenant prior notice thereof; and (g) not
be subject to any lien, encumbrance, chattel mortgage, security interest, charge of any kind whatsoever, or any conditional sale or other similar or dissimilar title retention agreement. Notwithstanding anything to the contrary contained in this
Section 10.1, subject to Tenant’s compliance with all applicable terms and provisions of this Article 10, Tenant shall not be required to obtain Landlord’s prior written consent to Alterations which Tenant shall desire to make in the
Premises, provided that the same are: (i) located entirely within the Premises, (ii) non-structural, (iii) do not require the issuance of a building notice or building permit from the New York City Department of Buildings,
(iv) do not affect the structure, exterior or common areas of the Building or the Building Systems, (v) are at least equal in quality to the first class standards of construction of the Building, (vi) do not cost in excess of $50,000,
in the aggregate, over a twelve (12) month period and (vii) Tenant shall have given Landlord written notice of such Alterations (in reasonable detail) at least ten (10) Business Days’ prior to the performance of such Alterations.

  

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 10.1.2 All Alterations shall be performed subject to and in compliance with all of the following terms
and conditions: 
 (a) (i) Tenant shall not commence the performance of any Alteration until Tenant shall have obtained Landlord’s
prior written approval of detailed plans and specifications for such Alteration (“Tenant’s Plans”), which approval shall not be unreasonably withheld or unduly delayed with respect to any Alteration as to which Landlord may not
unreasonably withhold Landlord’s consent. Tenant’s Plans shall include architectural, electrical, sprinkler, lighting, mechanical, duct distribution, plumbing and structural (if required) plans, shall be prepared by a professional
architect or engineer licensed to practice in the State of New York and shall be in form, content and detail sufficient (x) to secure all required governmental permits and approvals, (y) for a contractor to perform all work shown thereon
and covered thereby and (z) to determine (i) whether such Alteration complies with all Laws, (ii) whether such Alteration is to be performed using materials at least equal to Building standard and (iii) the effect such Alteration
shall have on the structural components of the Building, including the Building Systems, and the operation and maintenance of the Building. Tenant’s Plans shall not be deemed complete unless all of the foregoing criteria shall be satisfied.

 (ii) After Tenant shall have submitted a complete set of Tenant’s Plans to Landlord, Landlord shall review Tenant’s Plans
within the applicable Review Period (hereinafter defined) and notify Tenant (x) whether Landlord consents to Tenant’s Plans, (y) whether Landlord requires additional information or details in order to evaluate Tenant’s Plans, or
(z) Landlord’s reasons for refusing to consent to Tenant’s Plans and/or required revisions to Tenant’s Plans. The “Review Period” shall mean one of the following periods, whichever shall apply: (w) fifteen
(15) Business Days, provided that Tenant shall have employed Landlord’s approved consulting engineer to prepare all mechanical, electrical, sprinkler, lighting, plumbing, structural and other engineering Tenant’s Plans (such Plans
being hereinafter referred to the “Engineering Plans”), (x) twenty (20) Business Days if Tenant shall not have employed Landlord’s approved consulting engineer to prepare all Engineering Plans, (y) ten
(10) Business Days with respect to Tenant’s Plans for Tenant’s Work only, provided that Tenant shall have employed Landlord’s approved consulting engineer to prepare all Engineering Plans and (z) fifteen (15) Business
Days with respect to Tenant’s Plans for Tenant’s Work only if Tenant shall not have employed Landlord’s approved consulting engineer to prepare all Engineering Plans. 
 (iii) Provided that Tenant shall have employed Landlord’s approved consulting engineer to prepare all of Tenant’s Engineering Plans, then, at
Tenant’s election, Tenant may submit such set of Tenant’s Plans to Landlord together with a transmittal letter (the “Alteration Transmittal Letter”) which shall request Landlord’s consent to the Alterations described
in such Tenant’s Plans and shall also contain the following statement in bold capital letters: 
 “IF LANDLORD SHALL FAIL
TO NOTIFY TENANT WITHIN [insert applicable Review Period] BUSINESS DAYS AFTER RECEIPT OF THIS NOTICE AND THE ENCLOSED TENANT’S PLANS FOR ALTERATIONS PROPOSED BY TENANT AS TO (X) WHETHER LANDLORD CONSENTS TO SUCH ALTERATIONS,
(Y) WHETHER LANDLORD REQUIRES ADDITIONAL INFORMATION OR DETAILS IN ORDER TO EVALUATE SUCH ALTERATIONS, OR (Z) LANDLORD’S REASONS FOR REFUSING TO CONSENT TO SUCH ALTERATIONS AND/OR REQUIRED REVISIONS TO SUCH TENANT’S PLANS,
LANDLORD SHALL BE DEEMED TO HAVE CONSENTED TO ALL NON-STRUCTURAL ALTERATIONS 
  

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 DESCRIBED IN SUCH TENANT’S PLANS, PROVIDED THAT SUCH ALTERATIONS SHALL COMPLY WITH ALL LAWS AND
SHALL HAVE BEEN STAMPED AND SEALED BY AN ARCHITECT AND ENGINEER, AS REQUIRED, REGISTERED IN THE STATE OF NEW YORK.” 
 Provided that such
Tenant’s Plans shall have been submitted to Landlord together with the Alteration Transmittal Letter and all Alterations shown thereon shall comply with all Laws and shall have been stamped and sealed by an architect and engineer (as
applicable) registered in the State of New York, if Landlord shall fail to so notify Tenant within the applicable Review Period, then Landlord shall be deemed to have approved Tenant’s Plans with respect to all non-structural Alterations set
forth therein. The foregoing provisions of this Section 10.1.2(a)(iii) shall, at Tenant’s option, apply to a re-submission of any Tenant’s Plans that have been revised to incorporate previous comments of Landlord, except that each of
the foregoing time periods shall be reduced by three (3) Business Days. 
 (b) All Alterations shall be performed in compliance with all
applicable Laws. Without limiting the generality of the foregoing, Tenant shall not commence to perform any Alteration until Tenant shall have obtained and delivered to Landlord originals or true and complete copies of all permits, authorization,
licenses and permits required to be obtained by applicable Laws prior to the performance of any Alteration. Tenant shall prosecute all Alterations to completion with due diligence and promptly upon completion of all Alterations, Tenant shall obtain
all required approvals, permits, and other “sign-offs” from all governmental authorities having jurisdiction and shall deliver copies thereof to Landlord. 
 (c) All Alterations shall be performed subject to Landlord’s current rules and regulations governing the construction of Alterations in the Building (and amendments and additions thereto consistent with the
standards of other comparable first class office buildings in Manhattan) and in such manner and at such times as Landlord may reasonably designate in accordance with the standards of comparable first class office buildings in Manhattan. 

(d) In order to maintain and control the quality and standards of workmanship of the Building, Tenant shall only utilize contractors and
subcontractors who shall have been approved in writing by Landlord to perform alterations in the Building. Landlord shall at all times during the Term maintain a list of not less than three (3) independent, responsible contractors and
subcontractors for each trade who shall be acceptable to Landlord (and who shall regularly be employed in comparable first class office buildings in Manhattan), except that Landlord shall have the right to designate only one (1) approved
contractor for the performance of work on the life safety systems of the Building and one (1) filing agent. Landlord shall have the right to change the approved contractors set forth on such list at any time and from time to time. Landlord
shall also have the right to refuse to grant access to the Building and the Premises to any contractor or subcontractor not approved by Landlord. 
 (e) Tenant shall maintain, and shall cause all persons performing any Alterations or other work in the Building on behalf of Tenant to maintain, worker’s compensation insurance, and commercial general liability insurance (including,
without limitation, completed operations and contractual liability coverages), property damage insurance and such other insurance as Landlord may reasonably require, provided that such insurance shall typically be required to be obtained by tenants
in comparable first class office buildings in Manhattan (with Landlord, Landlord’s managing agent and such other persons as Landlord shall reasonably designate named as additional insureds in Tenant’s commercial liability policy and in
such other policies as may be appropriate), in amounts, with 
  

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 companies and in a form reasonably satisfactory to Landlord, which insurance shall remain in effect during the entire
period in which such Alterations or other work shall be performed. Prior the commencement of every Alteration, Tenant shall deliver to Landlord proof of all such insurance. 
 (f) Tenant shall perform all Alterations using materials at least equal in quality to the original construction of the Building or Landlord’s then
current Building standard. 
 (g) Tenant shall promptly pay, when due, the cost of all Alterations and other work performed by or on behalf
of Tenant or any person claiming through or under Tenant, and, promptly following completion, Tenant shall deliver to Landlord, to the extent not previously received by Landlord, evidence of payment, contractors’ affidavits and full and final
waivers of all liens for labor, services or materials. 
 (h) Except with respect to purely decorative Alterations, upon completion of all
Alterations, Tenant, at its expense, shall have promptly prepared and submitted to Landlord reproducible as-built CAD plans of such Alteration. 
 10.1.3 In the event that Landlord shall submit Tenant’s Plans to Landlord’s independent architects or engineers for review, Tenant shall pay to Landlord, as Rent, all reasonable out-of-pocket costs incurred by Landlord for such
review up to a maximum amount of $3,000, within thirty (30) days after demand. Notwithstanding the foregoing, if Tenant shall engage Landlord’s approved consulting engineer for the Building to prepare Tenant’s HVAC, electrical and
other mechanical plans and specifications, Tenant shall not be obligated to pay any expenses incurred by Landlord to review any plans and specifications prepared for Tenant by such consulting engineer. 
 10.1.4 Except with respect to any Alterations performed by Tenant prior to the commencement of the normal conduct of Tenant’s business in the
Premises to prepare the Premises for Tenant’s initial occupancy thereof, Landlord may require Tenant to furnish to Landlord, prior to the commencement of any Alteration which shall have an estimated cost in excess of a sum equal to six
(6) monthly installments of Base Rent, a payment and performance bond in form and substance satisfactory to Landlord, obtained at Tenant’s expense, in an amount equal to at least 115% of the estimated cost of such Alteration, guaranteeing
to Landlord the prompt completion of and payment for such Alteration within a reasonable time, free and clear of all liens, encumbrances, chattel mortgages, security interests, conditional bills of sale and other charges, substantially in accordance
with the plans and specifications approved by Landlord. 
 10.1.5 All Alterations, whether temporary or permanent in character, made or paid
for by Landlord or Tenant shall, without compensation to Tenant, become Landlord’s property upon installation and shall be surrendered to Landlord upon the expiration or earlier termination of the Term, in good condition, ordinary wear and tear
and damage by fire or other casualty excepted, except that Tenant shall remove, at or prior to the expiration or earlier termination of the Term, all Specialty Alterations (hereafter defined). If Tenant shall be required to remove any Specialty
Alterations, then upon such removal, Tenant shall restore the affected portion of the Premises to the condition existing prior to the installation of such Specialty Alteration. For purposes of this Lease, “Specialty Alterations”
shall mean any and all vaults, cooking kitchens, subflooring structures and raised flooring systems, structural reinforcements, auditoria, dumbwaiters, mainframe computer centers, copying centers, libraries, internal staircases, private lavatories,
medical facilities, and any other Alterations which are not customary for build-outs of tenants of first class office buildings in midtown Manhattan generally and are unusually expensive to demolish or remove. 
  

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 10.1.6 Tenant shall not at any time, either directly or indirectly, use any contractors or labor or
materials in the Premises if the use of same would create any difficulty with other contractors or labor engaged by Tenant or Landlord or others in the construction, maintenance or operation of the Building or any part thereof. 
 10.1.7 Tenant shall pay (x) any increase in property taxes on, or fire or casualty insurance premiums for, the Building attributable (by reasonable
substantiating evidence) to any Alteration and (y) the cost of any modifications to the Building outside the Premises that are required to be made in order to make any Alteration to the Premises. 
 10.1.8 Landlord’s review, supervision, commenting on or approval of any Alteration or aspect of work to be performed by or for Tenant (whether
pursuant to this Article 10 or otherwise) shall be solely for Landlord’s protection and, except as may otherwise be expressly provided in this Lease, shall create no warranties or duties to Tenant or to third parties. 
 10.2 Alterations by Landlord 
 Landlord may, without
the same constituting an eviction of Tenant and without incurring any liability to Tenant (except as otherwise expressly provided in Section 7.3.2 above), from time to time (i) make repairs, changes, additions, decorations, improvements
and restorations to the Building (including the Premises), Common Areas and the Building Systems, including, without limitation, those Building Systems necessary to provide the services described in Article 7, (ii) install, erect, use,
maintain, repair and replace pipes, ducts, cables and conduits in and through the Premises, provided, however, that Landlord shall, to the extent reasonably practicable, conceal or camouflage the same in or along walls, ceilings or columns,
(iii) change the arrangement, number and/or location of public entrances, passageways, lobbies, doors, corridors, elevators, stairs, toilets or other public parts of the Building and (iv) impose such controls as Landlord deems necessary in
Landlord’s sole good faith judgment with respect to access to the Building by Tenant’s guests and visitors, and for such purposes Landlord may enter the Premises in accordance with the provisions of Section 9.4 of this Lease (it being
agreed that the provisions of Section 9.4.1 above shall apply to the exercise of Landlord’s rights under this Section 10.2). No permanent change, addition or improvement made by Landlord shall materially impair access to the Premises.
Nothing contained in this Section 10.2 shall be deemed to relieve Tenant of any duty, obligation or liability of Tenant under this Lease to make any repair, replacement or improvement or comply with any Laws. 
 11. LIENS 
 11.1 Tenant shall pay before delinquency
all costs for work, services or materials furnished to Tenant or any person claiming through Tenant for the Premises, the nonpayment of which could result in any lien against the Land, Building or Premises. Tenant shall keep title to the Land,
Building and Premises free and clear of any such lien. Tenant shall promptly notify Landlord of the filing of any such lien or any pending claims or proceedings relating to any such lien and shall indemnify and hold Landlord harmless from and
against all loss, damages and expenses (including reasonable attorneys’ fees) suffered or incurred by Landlord as a result of such lien, claims and proceedings. In case any such lien attaches, Tenant shall cause it to be released and removed of
record within thirty (30) days after Tenant shall have received notice of the filing of such lien (failing which Landlord may do so at Tenant’s sole expense), unless Tenant has a good faith dispute as to such lien in which case Tenant may
contest such lien by appropriate proceedings so long as Tenant deposits with Landlord a bond or other security in an amount reasonably acceptable to Landlord which may be used by Landlord to release such lien. Upon final determination of any
permitted contest, Tenant shall immediately pay any judgment rendered and cause the lien to be released of record. 
  

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 11.2 Nothing in this Lease shall be deemed or construed in any way as constituting the consent or request
of Landlord, express or implied, to any contractor, subcontractor, laborer or materialman for the performance of any labor or the furnishing of labor or materials for the specific improvement, alteration to or repair of the Premises or any part
thereof, nor as giving Tenant any right, power or authority to contract for or permit the rendering of any services or the furnishing of any material that would give rise to the filing of any liens against the Land, Building, Premises or any part
thereof. Notice is hereby given that Landlord shall not be liable for any work performed or to be performed at the Premises for Tenant or any subtenant, or for any material furnished or to be furnished at the Premises for Tenant or any subtenant
upon credit, and that no mechanic’s or other lien for such work or material shall attach to or affect the estate or interest of Landlord in and to the Land, Building or Premises. Landlord shall have the right to post and keep posted on the
Premises any notices which Landlord reasonably may be required to post for the protection of Landlord the Land, Building and/or the Premises from any lien. 
 12. INSURANCE 
 12.1 During the Term, Tenant shall provide and keep in force the following insurance: 
 (a) Commercial general liability insurance relating to Tenant’s business carried on, in or from the Premises and Tenant’s use and occupancy of
the Premises, insuring against loss due to personal or bodily injury or death and damage to property (including, without limitation, contractual liability insurance), with limits of not less than the Liability Insurance Amount (as such term is
defined in Section 1.1 above) for any one accident or occurrence; and 
 (b) All risk or fire insurance (including standard extended
endorsement perils, leakage from fire protective devices and other water damage) insuring Tenant’s fixtures, furnishings, equipment, documents, files, work products, inventory, stock-in-trade and all leasehold improvements and Alterations in
the Premises on a full replacement cost basis in amounts sufficient to prevent Tenant from becoming a co-insurer and subject only to commercially reasonable deductibles and exclusions; and 
 (c) If any boiler or machinery is operated in the Premises, boiler and machinery insurance. 
 12.2 Landlord, Landlord’s managing agent, and such additional parties as Landlord shall reasonably designate (including any Mortgagee or Underlying
Lessor, the name and address of which Tenant shall have been notified) shall be named as additional insureds in the policy described in Section 12.1(a) All of the insurance policies required to be maintained by Tenant under this Article 12
shall (a) include cross liability and severability of interests clauses, (b) be written on an “occurrence” (and not a “claims made”) form and (c) provide that Tenant’s insurance shall be primary and not
contributing to or with or be in excess of any other insurance maintained by Landlord or any other additional insured. Landlord (and, at Landlord’s option any Mortgagee) shall be named as a loss payee, as its interest may appear, in the
policies described in Section 12.1(b) to the extent of the value of the leasehold improvements in the Premises, and such policies shall comply with the provisions of Section 14.1 below. Tenant’s insurance policies shall
otherwise be upon such other terms and conditions as Landlord from time to time reasonably requires (provided that such terms and conditions shall be also be required by owners of comparable first class office buildings in Manhattan) and shall be
issued by insurance companies reasonably satisfactory to Landlord and which are licensed to do business in the State of New York. 
  

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 Tenant shall furnish to Landlord, on or before the Commencement Date and at least 20 days before the expiration date of
any expiring policy, either copies of current policies or certificates evidencing such policies, or such other proofs as may be reasonably required to establish Tenant’s insurance coverage in effect from time to time and the payment of all
premiums thereon. If Tenant shall fail to maintain any required insurance or pay any premiums thereon, or to furnish satisfactory proof of such insurance to Landlord as required, Landlord may, upon not less than 2 Business Days’ notice, effect
such insurance coverage and recover from Tenant on ten (10) days’ demand any premiums paid by Landlord. 
 12.3 Whenever, in
Landlord’s reasonable judgment, good business practice and changing conditions indicate a need for additional or different types of insurance coverage, Tenant shall, upon Landlord’s request, promptly obtain such insurance coverage, at
Tenant’s expense. 
 13. DAMAGE OR DESTRUCTION 
 13.1 Termination Options 
 13.1.1 If the Premises or any other portion of the Building necessary for Tenant’s occupancy
of the Premises shall be damaged by fire or other casualty, Landlord shall, promptly after learning of such damage, notify Tenant in writing of the time necessary to demolish all damaged portions of the Premises and repair or restore the Premises
and such other portions of the Building as are necessary for Tenant’s occupancy of the Premises as nearly as practicable to the condition existing prior to such fire or other casualty, excluding the repair and restoration of any and all
leasehold improvements, Alterations, trade fixtures, furnishings, equipment and personal property of Tenant in the Premises (such demolition, repair and restoration work being hereinafter referred to as “Landlord’s Restoration
Work”), as estimated by a reputable architect, engineer or contractor selected by Landlord (the “Estimate”). 
 13.1.2 If the Estimate shall state that Landlord’s Restoration Work cannot be completed within one (1) year from the date of such damage (or within 60 days from the date of such damage if such damage shall have occurred within the
last 18 months of the Term), then Tenant shall have the option to terminate this Lease by giving Landlord notice thereof within twenty (20) days after Landlord shall have given Tenant the Estimate. 
 13.1.3 If all or any part of the Premises or the Building is damaged or destroyed by fire or other casualty, and (a) the Building is so damaged
(whether or not the Premises shall have been damaged) that Landlord shall elect not to restore or repair such damage to the Building, or (b) such damage is not insured against by Landlord’s insurance policies, or (c) the Estimate
shall state that Landlord’s Restoration Work cannot be completed within one (1) year after the date of such damage, or (d) such damage shall have occurred within the last eighteen (18) months of the Term and the Estimate shall
state that the repair or restoration of the damage to the Premises or to any other portion of the Building necessary for Tenant’s occupancy cannot be completed within sixty (60) days from the date of such damage, then, in any of such
events, Landlord shall have the right, at its option, to terminate this Lease by giving notice thereof to Tenant within ninety (90) days after the date on which such fire or other casualty shall have occurred, provided that Landlord shall also
terminate the leases of tenants representing at least 80% of the rentable area of the Building above the floor on which the Premises is located. 
 13.1.3 If either party shall exercise its option to terminate this Lease pursuant to the provisions of this Section 13.1, the Term shall expire and this Lease shall terminate thirty (30) days after Landlord or Tenant, as the case
may be, shall have given the other party such notice of termination, as if such date 
  

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 were the Expiration Date (provided, however, that Rent payable for the period commencing on the date of such damage and
ending on the date on which this Lease shall terminate shall be subject to any abatement provided for in Section 13.3 below) and Landlord shall be entitled to all proceeds of the insurance policy described in Section 12.1(b) applicable to
any damaged leasehold improvements or Alterations in the Premises. 
 13.2 Repair Obligations 
 If the Premises or the Building are damaged by fire or other casualty and neither party shall terminate this Lease pursuant to the provisions of Section 13.1, then
Landlord shall promptly commence and diligently prosecute Landlord’s Restoration Work, subject to commercially reasonable delays for insurance adjustments and delays caused by matters beyond Landlord’s reasonable control. Except as
otherwise expressly provided in this Section, Landlord shall have no liability to Tenant, including any liability for inconvenience or annoyance or injury to the business of Tenant, resulting in any way from damage from fire or other casualty or the
repair thereof. Tenant shall not be entitled to terminate this Lease if any required repairs or restoration are not in fact completed within the time period set forth in the Estimate, provided that Landlord promptly commences and diligently pursues
such repairs and restoration to completion, subject to the provisions of this Article 13, and further provided that if Landlord shall fail to substantially complete Landlord’s Restoration Work within fourteen (14) months after the date on
which such fire or other casualty shall have occurred (or within 120 days, in the case of fire or other casualty occurring within the last 18 months of the Term), subject to delays caused by Force Majeure and any delays caused by Tenant
(“Excusable Delays”), then Tenant shall have the right, at Tenant’s option, to terminate this Lease by giving notice thereof to Landlord within ten (10) days after the expiration of said fourteen (14) month period (or
120 day period, as the case may be) and prior to the date on which Landlord shall have substantially completed Landlord’s Restoration Work, time being of the essence. In no event shall Landlord be obligated to repair, restore or replace any of
the improvements, Alterations, fixtures, furnishings, equipment or personal property required to be insured by Tenant pursuant to Section 12.1; Tenant shall repair, restore or replace such improvements, Alterations, fixtures, furnishings,
equipment and personal property promptly after the date of such fire or other casualty, subject to Force Majeure and commercially reasonable delays in adjusting insurance, to at least the condition existing prior to its damage, using materials at
least equal to Building standard. However, in connection with the performance of Landlord’s Restoration Work, Landlord may, at its option, elect to repair and restore the damage, if any, caused to any or all of the leasehold improvements and/or
Alterations required to be insured by Tenant according to Section 12.1(b) to its condition prior to such fire or other casualty using materials at least equal to Building standard materials. If Landlord shall make such election, Landlord shall
be entitled to all proceeds of the insurance policy described in Section 12.1(b) applicable to the leasehold improvements and Alterations Landlord so elects to repair or restore. Landlord and Tenant shall cooperate with each other in their
respective efforts to collect insurance proceeds. 
 13.3 Rent Abatement 
 If all of the Premises shall be damaged or destroyed or rendered untenantable by any fire or other casualty , then the Rent shall abate, and if only a portion of the Premises shall have been damaged or destroyed or
rendered untenantable, the Rent shall be reduced by an amount which bears the same ratio to the total amount of Rent otherwise payable under this Lease as the portion of the Premises which shall have been damaged or rendered untenantable bears to
the entire Premises, in either case for the period beginning on the date of such damage and ending on (x) the date on which Landlord shall have substantially completed Landlord’s Restoration Work in accordance with Section 13.2 or
(y) if Landlord 
  

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 shall have elected to repair and restore any leasehold improvements and Alterations in the Premises pursuant to the
provisions of Section 13.2, the date on which Landlord shall have substantially completed both of Landlord’s Restoration Work and such leasehold improvements and Alterations; provided, however, that if Landlord shall not have elected to
repair and restore the damage, if any, caused to the leasehold improvements or Alterations required to be insured by Tenant according to Section 12.1(b), then such abatement shall end on the earlier of the date on which (i) Tenant shall
have substantially completed the repair and restoration of such leasehold improvements and Alterations as nearly as practicable to the condition existing immediately prior to such fire or other casualty, or (ii) the ninetieth (90) day
after the date on which Landlord shall have substantially completed Landlord’s Restoration Work. In no event shall Landlord be liable for any inconvenience or annoyance to Tenant or injury to the business of Tenant resulting in any way from
damage caused by fire or other casualty or the repair of such damage, provided however that, to the extent Tenant remains in possession of a portion of the Premises, Landlord shall take all reasonable steps to minimize the disruption to
Tenant’s business and use of such portion of the Premises during the period of repair (other than using labor at overtime or premium pay rates). 
 13.4 Fire Wardens 
 Tenant shall throughout the Term provide fire wardens and searchers as required under NYC Local Law
No. 5. of 1973, as heretofore and/or hereafter amended. 
 13.5 Express Agreement Regarding Casualty 
 This Lease shall be considered an express agreement governing any case of damage to or destruction of the Building or any part thereof by fire or other
casualty, and Section 227 of the Real Property Law of the State of New York providing for a contingency in the absence of express agreement and any other law of like import now or hereafter in force, shall have no application in such case.

 14. WAIVERS AND INDEMNITIES 
 14.1 Mutual Waiver of
Subrogation Rights 
 14.1. Landlord shall cause each property insurance policy carried by Landlord insuring the Building against loss,
damage, or destruction by fire or other casualty, and Tenant shall cause each property insurance policy carried by Tenant and insuring the Premises and Tenant’s Alterations, leasehold improvements, equipment, furnishings, fixtures and contents
against loss, damage, or destruction by fire or other casualty, to be written in a manner so as to provide that the insurance company waives all rights of recovery by way of subrogation against Landlord or Tenant in connection with any loss or
damage covered by any such policy, even though such loss, damage or destruction might have been occasioned by the negligence of Landlord, Tenant or their respective agents, employees, contractors, invitees and/or permitted subtenants or other
occupants. Neither party shall be liable to the other for the amount of such loss or damage which is in excess of the applicable deductible, if any, caused by fire or any of the risks enumerated in its policies, provided that such waiver was
obtainable at the time of such loss or damage. However, if such waiver cannot be obtained, or shall be obtainable only by the payment of an additional premium charge above that which is charged by companies carrying such insurance without such
waiver of subrogation, then the party undertaking to obtain such waiver shall notify the other party of such fact and such other party shall have a period of ten (10) days after the giving of such notice to agree in writing to pay such
additional premium if such policy is obtainable at additional cost (in the case of Tenant, pro rata in proportion of the rentable square feet in the Area of the Premises to the total rentable area covered by such insurance); and if such other party
does not so agree 
  

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 or the waiver shall not be obtainable, then the provisions of this Section 14.1 shall be null and void as to the
risks covered by such policy for so long as either such waiver cannot be obtained or the party in whose favor a waiver of subrogation is desired shall refuse to pay the additional premium. If the release of either Landlord or Tenant, as set forth in
the second sentence of this Section 14.1, shall contravene any law with respect to exculpatory agreements, the liability of the party in question shall be deemed not released, but no action or rights shall be sought or enforced against such
party unless and until all rights and remedies against the other’s insurer are exhausted and the other party shall be unable to collect such insurance proceeds. The waiver of subrogation set forth in this Section 14.1 shall extend to the
benefit of the agents, Affiliated Parties (as defined in Section 14.2 below) and employees of each party, but only if and to the extent that such waiver can be obtained without additional charge (unless the party to be benefited shall pay such
charge). Nothing contained in this Section 14.1 shall be deemed to relieve either party from any duty imposed elsewhere in this Lease to repair, restore and rebuild. In the event of any permitted sublease or occupancy (by a person other than
Tenant) of all or a portion of the Premises, all of Tenant’s covenants and obligations set forth in this Section 14.1 shall bind and be fully applicable to the subtenant or occupant (as if such subtenant or occupant were Tenant hereunder)
for the benefit of Landlord and Landlord’s agents, and Landlord’s covenants and obligations set forth in this Section 14.1 shall run to the benefit of such subtenant or occupant. 
 14.2 Definition of Affiliated Parties 
 For purposes
of this Article 14 and elsewhere in this Lease, the term “Affiliated Parties” shall mean any person, corporation or other entity controlling, controlled by or under common control with, Landlord or Tenant (for purposes of this
definition, the word “control” and its related terms, including “controlling,” controlled by” and “under common control with,” shall mean the possession of the power to direct or cause the direction of the
management and policies of a person or entity, whether through the ownership of voting securities, by contract, or otherwise), and, in the case of Landlord, any Condominium Party, and their respective partners, venturers, members, directors,
officers, shareholders, agents, servants and employees. 
 14.3 Tenant’s Waivers 
 Except to the extent caused by the willful or negligent act or omission or breach of this Lease by Landlord or any party for whom Landlord is legally
liable, but subject to the provisions of this Lease, Landlord, its Affiliated Parties and the holder of any Encumbrance shall not be liable or in any way responsible for, and Tenant waives all claims against Landlord, its Affiliated Parties and the
holder of any Encumbrance for any loss, injury or damage suffered by Tenant or others relating to (a) loss or theft of, or damage to, property of Tenant or others; (b) injury or damage to persons or property resulting from fire, explosion,
falling plaster, escaping steam or gas, electricity, water, rain or snow, or leaks from any part of the Building or from any pipes, appliances or plumbing, or from dampness; or (c) damage caused by other tenants, occupants or persons in the
Premises or other premises in the Building, or caused by the public or by construction of any private or public work. The provisions of this Section 14.3 shall survive the expiration or early termination of the Term. 
 14.4 Indemnity 
 14.4.1 Subject to Section 14.1
and except to the extent caused by the willful or negligent act or omission or breach of this Lease by Landlord or anyone for whom Landlord is legally responsible, Tenant shall defend, indemnify and hold Landlord, any Condominium Party, the holder
of any Encumbrance and their respective partners, principals, members, directors, officers, shareholders, agents, 
  

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 servants and employees (any or all of the foregoing hereinafter referred to as the “Indemnified
Parties”) harmless from and against any and all liability, loss, claims, demands, damages or expenses (including reasonable attorneys’ fees, disbursements and court costs, except to the extent that Tenant has assumed Landlord’s
defense and is incurring attorneys’ fees on behalf of Landlord’s defense, subject to Section 14.4.2) due to or arising out of: (a) any accident, injury or damage occurring on or about the Premises (including, without limitation,
accidents, injury or damage resulting in injury to persons, death, property damage or theft) during the Term or during any period of time prior to or after the Term that Tenant shall have been in possession of the Premises; (b) any act,
omission or negligence of Tenant or any one claiming through or under Tenant and any of their agents, contractors, employees, servants, licensees or visitors; (c) any accident, injury or damage whatsoever caused to any person or to the property
of any person outside of the Premises but anywhere within or about the Building, where such accident, injury or damage results or is claimed to have resulted from any act, omission or negligence of Tenant or any one claiming through or under Tenant
or any of their respective contractors, licensees, agents, servants, employees, invitees or visitors and (d) any breach, violation or non-performance of any of the terms, covenants or conditions to be observed or performed by Tenant under this
Lease. Tenant’s obligations under this Section 14.4 shall survive the expiration or earlier termination of the Term. 
 14.4.2 In
the event of any claim to which the foregoing indemnity shall apply, the following provisions shall apply: (i) Landlord shall give Tenant prompt written notice thereof, (ii) Tenant shall have the right to defend any such claim, demand or
proceeding using counsel of its choice, which counsel shall be reasonably acceptable to Landlord (it being agreed that counsel for Tenant’s insurer is hereby deemed acceptable), (iii) Landlord shall cooperate with Tenant in the defense of
such claim, demand or proceeding and (iv) such claim, demand or proceeding shall not be settled or compromised without the consent of Tenant, which consent shall not be unreasonably withheld or delayed. The provisions of this
Section 14.4.3 shall survive the expiration or earlier termination of this Lease. Notwithstanding the foregoing, Landlord may retain its own counsel to assist in the defense of any claim having a potential liability in excess of $7,500,000, and
Tenant shall pay the reasonable fees of such attorneys. 
 14.4.3 Subject to the limitation on Landlord’s obligations and
liabilities contained in Article 19 below and to the provisions of Section 14.1, Landlord shall indemnify and save Tenant harmless from and against all claims, suits, demands, damages, judgments, fines, penalties, interest and expenses
(including reasonable counsel fees and disbursements incurred in any action or proceeding) and reasonable costs which Tenant may incur for injury to or death of any person or persons in any area of the Building, including the Premises, to the extent
to which the same shall result from the negligence or willful misconduct of Landlord or Landlord’s agents, contractors or employees; provided, however, that in no event shall Landlord be liable for damages for injury to business, special
damages or consequential damages. In the event of any claim to which the foregoing indemnity shall apply, the following provisions shall apply: (i) Tenant shall give Landlord prompt written notice thereof, (ii) Landlord shall have the
right to defend any such claim, demand or proceeding using counsel of its choice, which counsel shall be reasonably acceptable to Tenant (it being agreed that counsel for Landlord’s insurer is hereby deemed acceptable), (iii) Tenant shall
cooperate with Landlord in the defense of such claim, demand or proceeding and (iv) such claim, demand or proceeding shall not be settled or compromised without the consent of Landlord, which consent shall not be unreasonably withheld or
delayed. The provisions of this Section 14.4.3 shall survive the expiration or earlier termination of this Lease. 
  

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 15. CONDEMNATION 
 15.1 Full Taking 
 If all or substantially all of the Building or Premises are taken for any public or quasi-public use under
any applicable Laws or by right of eminent domain, or are sold to the condemning authority in lieu of condemnation, then this Lease shall terminate as of the earlier of the date on which the condemning authority takes physical possession of or title
to the Building or Premises. 
 15.2 Partial Taking 
 15.2.1 Landlord’s Termination of Lease. If only part of the Building or Premises is thus taken or sold, and if after such partial taking, in Landlord’s reasonable judgment, alteration or reconstruction is
not economically justified, then Landlord (whether or not the Premises are affected) may terminate this Lease by giving written notice to Tenant within 60 days after the taking. 
 15.2.2 Tenant’s Termination. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement
premises in the Building, Tenant may terminate this Lease if in Tenant’s reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be
exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises. 
 15.2.3
Effective Date of Termination. Termination by Landlord or Tenant shall be effective as of the date when physical possession of the applicable portion of the Building or Premises is taken by the condemning authority. 
 15.2.4 Election to Continue Lease. If neither Landlord nor Tenant elects to terminate this Lease upon a partial taking of a portion of the Premises, the
Rent payable under this Lease shall be diminished by an amount allocable to the portion of the Premises which was so taken or sold. If this Lease is not terminated upon a partial taking of the Building or Premises, Landlord shall, at Landlord’s
sole expense, promptly restore and reconstruct the Building and Premises to substantially their former condition to the extent the same is feasible. However, Landlord shall not be required to spend for such restoration or reconstruction an amount in
excess of the net amount received by Landlord as compensation or damages for the part of the Building or Premises so taken. 
 15.3 Temporary Taking

 If all or any portion of the Premises shall be taken by the exercise of the right of eminent domain for occupancy for a limited period, this Lease
shall continue in full force and effect and Tenant shall continue to pay in full the Base Rent, Additional Rent and other charges payable hereunder, without reduction or abatement, and Tenant shall be entitled to receive, for itself, so much of any
award or payment made for such use as is equal to the aforementioned payments that are actually made by Tenant to Landlord during such temporary taking, except as hereinafter provided, and Landlord shall receive the balance thereof. If such award or
payment is made in a lump sum, Landlord shall receive out of such lump sum (and Tenant shall be credited with) an amount equal to the total of the Base Rent, Additional Rent and other charges payable under this Lease for the period of such taking
(less any amounts theretofore paid by Tenant to Landlord attributable to the period of such taking), and such amount received by Landlord shall be held by Landlord as a fund which Landlord shall apply from time to time to the payments due to
Landlord from Tenant under the terms of this Lease. Out of the balance of such 
  

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 sum, if any, Tenant shall be paid an amount equal to the amounts, if any, theretofore paid by Tenant to Landlord
attributable to the period of such taking, and Landlord shall be paid the remainder of such balance. If such taking is for a period not extending beyond the Term of this Lease, and if such taking results in changes or Alterations in the Premises
which would necessitate an expenditure to restore the Premises to its former condition, then Tenant at the termination of such taking shall, at its expense, restore the Premises to its former condition, and such portion of the award or payment
payable to Landlord, if any, in excess of the Base Rent, Additional Rent and other charges for the period of such taking as is necessary to cover the expenses of such restoration shall be applied to such restoration, and the balance necessary, if
any, shall be paid by Tenant. Tenant shall also pay all fees, costs and expenses of every character and kind of Landlord incurred in connection with such limited taking and obtaining the award therefor, and in connection with such restoration.

 15.4 Awards 
 As between the parties to this Lease,
Landlord shall be entitled to receive, and Tenant assigns to Landlord, all of the compensation awarded upon taking of any part or all of the Building or Premises, including any award for the value of the unexpired Term. However, Tenant may assert a
claim in a separate proceeding against the condemning authority for the value of Tenant’s trade fixtures or personal property, the cost of moving and other business relocation expenses and damages to Tenant’s business incurred as a result
of such condemnation provided that the foregoing shall not reduce the award payable to Landlord. 
 16. ASSIGNMENT AND SUBLETTING 
 16.1 Limitation 
 Except as otherwise expressly
provided in this Article 16, without Landlord’s prior written consent, Tenant shall not assign, mortgage, pledge, encumber or otherwise transfer all or any of its interest under this Lease, sublet all or any part of the Premises or permit the
Premises to be used or occupied by any party other than Tenant and its employees and permitted business invitees. 
 16.2 Notice of Proposed Transfer;
Landlord’s Options 
 16.2.1 (a) If Tenant shall desire to (x) sublet all or any portion of the Premises or (y) assign
Tenant’s interest in this Lease, Tenant shall submit to Landlord, prior to offering all or any such portion of the Premises for subletting or offering to assign Tenant’s interest in this Lease, as the case may be, a notice (the
“Notice of Intention”) of Tenant’s intention to sublet all or a portion of the Premises or assign this Lease, as the case may be, which notice shall set forth (x) the effective date of the proposed assignment, if Tenant
shall desire to assign Tenant’s interest in this Lease, or (y) the term of the proposed subletting, if Tenant desires to sublet all or part of the Premises, and, if Tenant desires to sublet a portion of the Premises, a description of the
portion to be sublet, together with a floor plan thereof. 
 (b) (i) If Tenant shall propose to sublet all or substantially all of the
Premises or assign Tenant’s interest in this Lease, then Landlord shall have the right, by notice (the “Termination Notice”) given to Tenant within sixty (60) days following Landlord’s receipt of the Notice of
Intention, to terminate this Lease on a date to be specified in the Termination Notice, which date (the “Termination Date”) shall be the later of (i) the effective date of the proposed subletting or assignment, or (ii) the
sixtieth (60th) day after the date on which Tenant shall have given Landlord the Notice of Intention, whereupon the term of this Lease shall expire on the Termination Date with the same force and effect as if such date were originally provided
herein as the Expiration Date of the Term. 
  

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 (ii) If Tenant shall propose to sublet a portion of the Premises, then Landlord shall have the right, by
notice (the “Elimination Notice”) given to Tenant within sixty (60) days following Landlord’s receipt of the Notice of Intention to sublet only a portion of the Premises, to eliminate such portion of the Premises (the
“Eliminated Space”) from the Premises for a period (the “Elimination Period”) commencing on the later to occur of (i) the effective date of the proposed subletting, or the (ii) sixtieth (60th) day
after the date on which Tenant shall have given Landlord the Notice of Intention (the “Elimination Date”), and ending on the expiration date of the proposed subletting and in the event such Elimination Notice shall be given:
(1) the Eliminated Space shall be eliminated from the Premises for the Elimination Period and Tenant shall have no rights or obligations under this Lease with respect to the Elimination Space during the Elimination Period; (2) Tenant shall
surrender the Eliminated Space to Landlord on or prior to the Elimination Date in the same manner as if said Elimination Date were the Expiration Date; (3) Landlord shall have the right, at Landlord’s cost, to make any Alterations in the
Premises which shall, in Landlord’s sole judgment, be required to make the Eliminated Space a self-contained rental unit with access through corridors to the elevators and core toilets serving the Eliminated Space (but Tenant shall have no
obligation under this Lease to remove any Specialty Alterations performed in the Eliminated Space by Landlord or anyone claiming through Landlord), and if the Premises shall contain any core toilets or any corridors (including any corridors that may
have to be constructed by Landlord pursuant to this clause (3)) providing access from the Eliminated Space to the core area, Landlord and any tenant or other occupant of the Eliminated Space shall have the right to use such toilets and
corridors in common with Tenant and any other permitted occupants of the Premises, and shall have the right to install signs and directional indicators in or about such corridors indicating the name and location of such tenant or other occupant; and
(4) (a) the Base Rent shall be reduced during the Elimination Period by the proportion which the number of rentable square feet contained in the Eliminated Space bears to the number of rentable square feet contained in the Area of the
Premises immediately prior to the Elimination Date (the “Elimination Proportion”); and (b) the Additional Rent payable pursuant to Sections 4.3 and 4.4 hereof shall be reduced during the Elimination Period by the Elimination
Proportion. Upon the expiration of the Elimination Period, the Eliminated Space in its then existing condition shall be deemed restored to and again a part of the Premises for the period (hereinafter called the “Restoration Period”)
commencing on the date next following the expiration of the Elimination Period and ending on the Expiration Date or such earlier date on which the Term shall terminate, except if Landlord shall be unable to give Tenant possession of the Eliminated
Space at the expiration of the Elimination Period by reason of the holding over or retention of possession of any tenant or occupant of the Eliminated Space, in which event (x) the Restoration Period shall not commence, and the Eliminated Space
shall not be deemed restored to or a part of the Premises, until the date on which Landlord shall give Tenant exclusive possession of the Eliminated Space, (y) neither the Expiration Date nor the validity of this Lease shall be affected and
Landlord shall have no liability for the failure to deliver possession of the Eliminated Space to Tenant upon the expiration of the Elimination Period, except that Landlord shall promptly institute and diligently prosecute eviction proceedings
against such holdover subtenant or other occupant, and (z) Tenant waives any rights under Section 223-a of the Real Property Law of New York, or any successor statute of similar import, to rescind this Lease and further waives the right to
recover any damages which may result from the failure of Landlord to deliver possession of the Eliminated Space at the end of the Restoration Period. During the Restoration Period, (I) the Base Rent, Additional Rent payable under Sections 4.3
and 4.4 hereof and any other additional rentals payable under this Lease that are properly chargeable to the Eliminated Space shall be increased in the proportion in which the area of the Eliminated Space bears to the total area of the Premises
immediately prior to the commencement of the Restoration Period and (II) there shall be an 
  

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 equitable apportionment of any Additional Rent for the years in which the commencement and termination of the Elimination
Period shall occur. At the request of Landlord or Tenant, the parties shall execute and deliver an instrument or instruments in form reasonably satisfactory to each party, setting forth any modifications to this Lease contemplated in or resulting
from the operation of the foregoing provisions of this Section 16.2; however, neither Landlord’s nor Tenant’s failure to execute or deliver any such instruments shall vitiate the effect of the foregoing provisions of this
Section 16.2. 
 16.2.2 If, within sixty (60) days following Landlord’s receipt of a Notice of Intention, Landlord shall not
have exercised the foregoing right to terminate this Lease or eliminate the Eliminated Space, then Landlord’s right to so terminate this Lease or eliminate the Eliminated Space pursuant to this Section 16.2 shall be deemed waived, but only
with respect to the particular sublet or assignment referred to in such Notice of Intention. 
 16.2.3 If Tenant shall not consummate an
assignment of this Lease or a subletting of all or such portion of the Premises, as the case may be, as shall have been specified in Tenant’s Notice of Intention, within one hundred eighty (180) days following Landlord’s waiver (or
deemed waiver) of the above described termination and elimination rights, Tenant shall not have the right to consummate the subletting of all or part of the Premises or the assignment of this Lease, as the case may be, without again requesting
Landlord’s consent thereto and otherwise complying with all of the provisions of this Section 16.2. 
 16.3 Consent Not to be Unreasonably
Withheld 
 If Landlord shall not exercise any of its applicable options under Section 16.2, then, provided that Tenant shall not be in default of
any of Tenant’s obligations under this Lease after notice and the expiration of the applicable cure period, Landlord shall not unreasonably withhold or delay its consent to the proposed assignment or subletting referred to in the Notice of
Intention, provided that each of the following conditions shall be satisfied: 
 (a) Tenant shall request Landlord’s consent to the
proposed assignment or subletting in writing and such request shall be accompanied by (i) a statement setting forth the name and address of the proposed assignee or subtenant and the nature of its business, (ii) a reasonably detailed
statement describing the proposed use of the Premises, (iii) financial statements prepared by an independent certified public accountant containing the opinion of such accountant reflecting the proposed assignee’s or subtenant’s
current financial condition and income and expenses for the past two (2) years, or other evidence satisfactory to Landlord of the financial condition of the proposed assignee or subtenant, and (iv) a fully executed copy of the proposed
assignment (which shall contain an assumption agreement complying with the provisions of Section 16.4 below) or sublease, as the case may be. Tenant shall also deliver to Landlord such other or additional information as Landlord may reasonably
request; 
 (b) The proposed subtenant or assignee, in Landlord’s reasonable opinion, shall have sufficient financial capacity and
business experience to perform its obligations under the proposed sublease or, in the case of an assignment, this Lease; and 
 (c) The use
of the Premises by the proposed assignee or subtenant shall only be for purposes which, in Landlord’s reasonable opinion, (i) are lawful, (ii) are limited to the permitted Use of the Premises under this Lease, (iii) are
consistent with the general character of business carried on by tenants of comparable first-class office buildings in Manhattan and with a majority of the tenants of the Building, (iv) [intentionally deleted], (v) shall not increase the
likelihood of damage or destruction to the Building, (vi) shall not cause an increase in insurance premiums for insurance policies applicable to the Building, 
  

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 (vii) shall not require new tenant improvements incompatible with the then-existing Building Systems and components and
(viii) shall not impose any additional burdens or costs on Landlord in the operation of the Building; and 
 (d) The proposed assignee
or subtenant shall not have reputation as being an undesirable tenant in the general business community; and 
 (e) The proposed assignee or
subtenant, or any person who is controlled by, or is under common control with, the proposed assignee or subtenant, at the time Tenant requests Landlord’s consent and at the time of the proposed transfer, shall not be a tenant or occupant in
the Building, nor a party with whom Landlord is then negotiating or has within the past six (6) months negotiated for the leasing of space in the Building; and 
 (f) The form of the proposed assignment or sublease shall comply with the provisions of this Section 16 and shall be reasonably satisfactory to Landlord in form and substance; and 
 (g) In addition to all of the foregoing, a sublease of a portion of the Premises shall be subject to all of the following terms and conditions:

 (i) The subleased premises shall be of a shape or configuration such that the area proposed to be subleased and the remainder of the
Premises shall, in Landlord’s reasonable judgment, constitute commercially marketable separate rental units; 
 (ii) The subleased
premises shall not be less than 5,000 square feet and shall include at least one exterior window; and 
 (iii) There shall not be more than
four (4) occupants of the Premises at any time (including Tenant). 
 16.4 Form of Transfer 
 16.4.1 All permitted subleases shall be subject to the following provisions, and Landlord’s consent to a proposed sublease shall not be effective or
binding upon Landlord unless and until Tenant shall have delivered to Landlord an original duly executed sublease that shall comply with the following provisions: 
 (a) The term of the sublease shall end no later than one (1) day prior to the Expiration Date of this Lease; 
 (b) Each sublease shall provide that (i) the sublease shall be subject and subordinate to this Lease and to all matters to which this Lease is or shall be subordinate, (ii) upon any termination of this Lease prior to the date
fixed as the Expiration Date, re-entry or repossession of the Premises by Landlord under this Lease or surrender of the Premises with Landlord’s written consent, Landlord may, at its option, take over any of the right, title and interest of
Tenant, as sublessor, under such sublease, and such subtenant shall, at Landlord’s option, attorn and agree to be bound to Landlord in accordance with the provisions of this Section 16, it being agreed that Landlord shall nevertheless not
be (1) liable for any previous act or omission of Tenant (including any negligence of Tenant) as sublandlord under the sublease except to the extent that a continuing default of Tenant under the sublease shall exist after a reasonable period to
remedy the same shall have expired, (2) subject to any credit, defense, offset, claim or demand which may have previously accrued to the subtenant against Tenant, (3) bound by any 
  

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 previous modification or amendment of such sublease not consented to by Landlord or by any previous prepayment of more
than one (1) month’s rent unless Landlord shall have received the same, (4) be obligated to perform any repairs or other work beyond Landlord’s obligations under this Lease or (5) liable for the return of any security
deposit except to the extent such sums have actually been paid over to Landlord; it being understood and agreed that the provisions of this Section 16.4.1(b) shall be self-operative, and that no further instruments shall be required to give
effect to this provision, but that upon the request of Landlord, Tenant shall execute and deliver such instruments to Landlord as Landlord shall reasonably request to confirm the foregoing provisions; and 
 (c) Each sublease shall contain a provision requiring the subtenant to comply with the provisions of Section 14.1 of this Lease, which provisions
shall be applicable to such subtenant as if such subtenant were the Tenant under this Lease. 
 16.4.2 No assignment shall be binding on
Landlord, and Landlord’s consent to any proposed assignment of this Lease shall not be effective until Tenant shall have delivered to Landlord a duly executed and acknowledged original assignment and assumption agreement which shall contain an
assumption by the transferee of all of the terms, covenants, conditions and agreements to be observed or performed by the Tenant under this Lease, in form and substance reasonably satisfactory to Landlord. 
 16.5 Payments to Landlord 
 16.5.1 If Landlord shall
not exercise any of its options under Section 16.2 and shall give its consent to any sublease of all or part of the Premises, Tenant shall, in consideration therefor, pay to Landlord, as Rent, fifty (50%) percent of the amount by which any
and all rents, additional charges or other consideration payable to Tenant by the subtenant under the sublease or any other agreement entered into in connection therewith exceeds the Base Rent and Additional Rent payable under this Lease
allocable to the subleased space accruing during the term of the sublease (including all sums paid for the sale or rental of Tenant’s fixtures, leasehold improvements, equipment, furniture, furnishings or other personal property, less, in the
case of the sale of any of Tenant’s furniture, fixtures or equipment, the then net unamortized or undepreciated cost of any such fixtures, equipment, furniture, furnishings or other personal property which were provided and installed in the
subleased premises at the sole cost and expense of Tenant and for which Landlord has not given an allowance or other credit, determined on the basis of Tenant’s federal income tax returns), but after deducting (or excluding, as
appropriate) from such rents, additional charges or other consideration any Sublease Transaction Costs (hereafter defined) actually incurred by Tenant. The sums payable under this Section 16.5.1 shall be payable to Landlord as and when the same
shall be paid by the subtenant to Tenant. As used in this Section, “Sublease Transaction Costs” shall mean any of the following sums actually incurred by Tenant to consummate such sublease: (i) up to one and one-half brokerage
commissions at customary rates and any reasonable advertising costs, (ii) reasonable attorneys’ and/or architect’s fees and disbursements, (iii) any reasonable costs incurred by Tenant to separately demise the subleased premises,
(iv) any reasonable construction costs incurred by Tenant to prepare the subleased premises for subtenant’s occupancy thereof and/or tenant improvement allowance paid to the subtenant and (v) any rent concession granted to the
subtenant. 
 16.5.2 If Landlord shall not exercise any of its options under Section 16.2 above and shall give its consent to any
assignment of Tenant’s interest in this Lease, Tenant shall, in consideration of such assignment, pay to Landlord, as Rent, fifty (50%) percent of any and all sums and other consideration payable to Tenant by the assignee for or by reason
of such assignment (including, but not limited to, all sums paid for the sale or rental of Tenant’s fixtures, leasehold improvements, equipment, furniture, furnishings or other personal property less, in the case of the sale of any of
Tenant’s furniture, fixtures or 
  

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 equipment, the then net unamortized or undepreciated cost of any such fixtures, equipment, furniture, furnishings or
other personal property which were provided and installed in the Premises at the sole cost and expense of Tenant and for which Landlord has not given an allowance or other credit, determined on the basis of Tenant’s federal income tax returns),
but after deducting from such sums or other consideration any Assignment Transaction Costs (hereafter defined) actually incurred by Tenant. The sums payable under this Section 16.5.2 shall be payable to Landlord as and when the same shall be
paid by the assignee to Tenant. As used in this Section, “Assignment Transaction Costs” shall mean any of the following sums actually incurred by Tenant to consummate such assignment: (i) up to one and one-half brokerage
commissions at customary rates and reasonable advertising costs, (ii) reasonable attorneys’ and architect’s fees and disbursements, and (iii) any reasonable construction costs incurred by Tenant to prepare the Premises for the
assignee and/or tenant improvement allowance paid to the assignee. 
 16.6 Change of Ownership 
 Except as otherwise expressly provided in this Article 16, any transfer of 51% or more of Tenant’s assets or of Tenant’s stock, membership,
partnership or other equity interests (including any transfer by operation of law or by a series of transfers), and any other direct or indirect transfer of interest effecting a change in the identity of the persons exercising effective control of
Tenant, shall be deemed an “assignment” of this Lease requiring Landlord’s prior written consent. The transfer of any outstanding capital stock of a corporation whose stock is publicly-traded shall not, however, be deemed a
“transfer of interest” under this Section 16.6. 
 16.7 Permitted Transfers 
 16.7.1 Provided that no Event of Default shall have occurred and remain uncured, Tenant may, upon not less than ten (10) Business Days’ prior
notice to Landlord, but without obtaining Landlord’s consent, assign this Lease or sublease all or any part of the Premises to a Tenant Affiliate (as defined in Section 16.7.3 below), for so long as such Tenant Affiliate shall remain an
Affiliate of the Tenant initially named herein, provided that (i) the Tenant Affiliate shall continue to use the Premises for the Use and for no other use and (ii) Tenant shall deliver a duplicate original duly executed sublease or
assignment and assumption agreement evidencing such assignment or sublease to Landlord within ten (10) days after the execution thereof, which instrument shall comply with the provisions of Section 16.4 hereof. Notwithstanding any such
assignment or subletting, Tenant shall remain fully and primarily liable for the obligations of the Tenant under this Lease. Any assignment or sublease effected in accordance with the provisions of this Section 16.7 shall be subject to all of
the provisions of this Article16 (including, without limitation, Section 16.4), except that such assignment or sublease shall not be subject to the provisions of Sections 16.2 and 16.5. If any time following an assignment or subletting to a
Tenant Affiliate, such assignee or subtenant shall cease to be a Tenant Affiliate, then Tenant shall, prior to the date such assignee or subtenant shall cease to be a Tenant Affiliate, either (I) obtain Landlord’s consent to such
assignment or subletting to such Tenant Affiliate, as the case may be, in accordance with the provisions of this Article 16, or (II) (x) in the event of an assignment of this Lease, assign this Lease back to the Tenant named herein or to the
entity which was the Tenant immediately prior to such assignment to the Tenant Affiliate and (y) in the event of a sublease of all or any part of the Premises, terminate such sublease and, in either of said cases, cause the assignee or
subtenant, as the case may be, to vacate the Premises. 
 16.7.2 Provided that no Event of Default shall have occurred and remain uncured,
Tenant may, upon not less than ten (10) Business Days’ prior notice to Landlord, but without obtaining 
  

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 Landlord’s consent, assign this Lease to any corporation into or with which Tenant may be merged or consolidated or
to which Tenant shall sell all or substantially all of its assets (hereinafter referred to as a “Corporate Succession”), provided that: (i) the transferee shall have acquired all or substantially all of the assets of Tenant and
assumed all or substantially all of the liabilities of Tenant and shall have a net worth (computed in accordance with generally accepted accounting principles) equal to or greater than Tenant immediately prior to such transfer (and certified
financial statements evidencing the same or other proof thereof in form and substance reasonably satisfactory to Landlord shall have been furnished to Landlord at the time at which Tenant shall give Landlord notice of such proposed transfer) ,
(ii) the transferee shall continue to use the Premises for the Use and for no other use, (iii) the principal purpose of the Corporate Succession shall not be the acquisition of Tenant’s interest in this Lease and (iv) the
transferee shall have assumed all of the obligations of Tenant under this Lease and a duly executed and acknowledged duplicate original counterpart of such assumption agreement shall have been given to Landlord not later than ten (10) days
after the effective date thereof. Any assignment effected in accordance with the provisions of this Section 16.7 be subject to all of the provisions of this Section 16 (including, without limitation, Section 16.4), except that such
assignment shall not be subject to the provisions of Sections 16.2 and 16.5. 
 16.7.3 As used in this Section 16.7, the term
“Tenant Affiliate” shall mean any person, corporation or other entity controlling, controlled by or under common control with, Tenant or in which Tenant shall own at least fifty-one (51%) percent of the voting interests (for
purposes of this definition, the word “control” and its related terms, including “controlling,” controlled by” and “under common control with,” shall mean the possession of the power to direct or cause the
direction of the management and policies of a person or entity, whether through the ownership of voting securities, by contract, or otherwise). 
 16.8
Effect of Transfers 
 16.8.1 No subletting or assignment shall release Tenant from any of its obligations under this Lease unless
Landlord, in Landlord’s sole discretion, shall the contrary in writing, and, in the event of a permitted assignment or other transfer (other than a sublease), the assignee or transferee shall be deemed to have assumed all of Tenant’s
obligations under this Lease and shall be jointly and severally liable with Tenant for all of the obligations of the Tenant under this Lease. Consent to one assignment or subletting shall not be deemed to constitute a consent to any subsequent
assignment or subletting. In the event of any default by any assignee or subtenant or any successor of Tenant in the performance of any Lease obligation which is not cured within any applicable cure period, Landlord may proceed directly against
Tenant without exhausting remedies against such assignee, subtenant or successor. Any act or omission of an assignee or subtenant or any person claiming under or through any of them that violates this Lease shall be deemed a violation of this Lease
by Tenant. If this Lease shall be assigned or if the Premises shall be sublet or occupied by anyone other than Tenant, whether or not in violation of the provisions of this Lease, then Landlord may collect from the assignee or transferee or, after
an Event of Default shall have occurred, from the subtenant, and Tenant hereby authorizes and directs such party to pay to Landlord, all rent (whether or not denominated as Base Rent, Additional Rent or otherwise), additional rent and other charges
payable pursuant to such instrument, with the net amount so collected applied to the Base Rent, Additional Rent and other charges payable under this Lease, but no such acceptance of rent by Landlord from any person other than Tenant shall be deemed
a waiver by Landlord of any provision of this Section 16 (including, without limitation, Section 16.2 or 16.3) or an acceptance by Landlord of the assignee, transferee or subtenant as a tenant, or a release of Tenant from the further
performance of the covenants and agreements to be performed by Tenant under this Lease. 
  

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 16.8.2 The voluntary or other surrender of this Lease by Tenant or the cancellation of this Lease by
mutual agreement of Tenant and Landlord shall not work a merger and, upon any termination of this Lease prior to the date fixed as the Expiration Date for any reason, or any re-entry or repossession of the Premises by Landlord under this Lease or
any surrender of the Premises with Landlord’s written consent, Landlord shall have the right, at Landlord’s option, to take over all of the right, title and interest of Tenant, as sublessor, in and to any and all subleases or such of them
as Landlord shall elect to take over and assume at the time of such recovery of possession or termination. Tenant shall, upon the request of Landlord, execute, acknowledge and deliver to Landlord such further assignments and transfers as may be
necessary to vest in Landlord the then existing subleases and sublettings. If Landlord shall choose to take over any such sublease, such election shall be exercised by notice to all known subtenants in the Premises and such subtenants shall
(a) be deemed to have waived any right to surrender possession of the sublease space or to terminate the sublease, (b) be bound to Landlord for the balance of the term of the sublease and (c) attorn directly to Landlord under all of
the executory terms of this Lease, except that the rent shall be payable at the rates set forth in the sublease and except that Landlord shall not be (i) liable for any previous act, omission or negligence of Tenant except to the extent that a
continuing default of Tenant under the sublease shall exist after a reasonable period to remedy the same shall have expired, (ii) subject to any credit, claim, defense or offset which may have previously accrued to the subtenant against Tenant,
(iii) be bound by any previous modification or amendment of the sublease made without Landlord’s prior consent or by any previous prepayment of more than one month’s rent except to the extent that the same shall have been received by
Landlord, (iv) be obligated to perform any repairs or other work beyond Landlord’s obligations under this Lease or (v) liable for the return of any security deposit except to the extent such sums have actually been paid over to
Landlord. No further instruments shall be required to give effect to this provision, but upon the request of Landlord, Tenant shall execute and deliver such instruments to Landlord as Landlord shall reasonably request to confirm the foregoing
provisions and each subtenant shall execute and deliver such instruments as Landlord may reasonably request to evidence said attornment. 
 16.9
Miscellaneous 
 16.9.1 Landlord’s consent to an assignment or a sublease shall not constitute Landlord’s consent to any other
or further assignment of this Lease or to any further subletting of all or part of the Premises by Tenant or anyone claiming through Tenant (or to the assignment of any sublease) and shall not relieve Tenant from obtaining the prior written consent
of Landlord to the extent required under this Article 16 to any future assignment or sublease and otherwise complying with all of the provisions of this Section 16, including, without limitation, Section 16.2. 
 16.9.2 Any modification of a sublease to which Landlord shall have consented shall constitute a new sublease subject to the provisions of this Article
16, except that the provisions of Section 16.2 shall not apply to any modification that does not increase the size of the subleased premises or length the term of the sublease. 
 16.9.3 Tenant shall pay to Landlord, as Rent, within thirty (30) days after demand, all reasonable out-of-pocket costs incurred by Landlord
(including reasonable legal fees and disbursements and the costs of making any investigations as to the acceptability of any proposed assignee or subtenant) in connection with a request by Tenant that Landlord consent to any proposed assignment or
sublease. Landlord shall furnish to Tenant, promptly upon Tenant’s request, reasonable supporting documentation for such any such costs. 
 16.9.4 In the event of any permitted assignment of Tenant’s interest in this Lease, the terms, covenants and conditions of this Lease may be changed, altered or modified in any manner whatsoever 
  

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 by Landlord and the assignee without the consent thereto of assignor Tenant, and no such change, alteration or
modification shall release assignor Tenant from the performance by it of any of the terms, covenants and conditions on its part to be performed under this Lease, provided, however, that no such change, alteration or modification shall be binding on
any assignor Tenant solely to the extent to which such change, alteration or modification shall increase the obligations of said assignor Tenant (except that any such change, alteration or modification shall be binding on any assignor Tenant which
shall be a Tenant Affiliate of Tenant). 
 16.10 OFAC Restrictions 
 Notwithstanding anything to the contrary contained in this Lease, in no event shall Tenant sublet the Premises or assign the Tenant’s interest in the Lease to any person or entity (or any person or entity
owned in whole or in part by any person or entity) named on the list of Specially Designated Nations and Blocked Persons maintained by the Office of Foreign Assets Control of the United States Department of the Treasury or any such similar list
maintained by New York State, New York City or the Federal government. As used herein, the term “Blocked Person(s)” shall mean any person, group or entity or nation named in any Executive Order or by the United States Treasury
Department or any other state or Federal agency as a terrorist, or a “Special Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or regulation that is
enforced or administered by the Office of Foreign Assets Control or any other state or Federal agency. 
 17. PERSONAL PROPERTY 
 17.1 Removal 
 All personal property, trade fixtures
and furnishings installed in the Premises by Tenant at Tenant’s cost, other than those affixed to the Premises so that they cannot be removed without damage and other than those replacing an item theretofore furnished and paid for by Landlord
or for which Tenant has received a credit or allowance (a) may be removed from the Premises from time to time in the ordinary course of Tenant’s business or in the course of making any Alterations to the Premises permitted under
Section 10.1 and (b) shall be removed by Tenant at the end of the Term in accordance with Section 3.4. Tenant shall promptly repair, at its expense, any damage to the Building resulting from the installation or removal of
Tenant’s personal property in or from the Premises. 
 17.2 Responsibility 
 Tenant shall be solely responsible for all costs and expenses related to personal property used or stored in the Premises. Tenant shall pay any taxes or
other governmental impositions levied upon or assessed against such personal property, or upon Tenant for the ownership or use of such personal property, on or before the due date for payment. Such personal property taxes or impositions are not
included in Taxes. 
 18. ESTOPPEL CERTIFICATES 
 18.1
Tenant Estoppel Certificates 
 Tenant shall, any time and from time to time (but on not less than 10 days prior request by Landlord),
execute, acknowledge and deliver to Landlord a certificate indicating any or all of the following: (a) the Commencement Date and Expiration Date; (b) that this Lease is unmodified and in 
  

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 full force and effect (or, if there have been modifications, that this Lease is in full force and effect, as modified,
and stating the date and nature of each modification); (c) the date, if any, through which Base Rent, Additional Rent and any other Rent payable have been paid; (d) that no default by Landlord, to the best of Tenant’s knowledge, or
Tenant exists which has not been cured, except as to defaults stated in such certificate; (f) provided such events have occurred, that Tenant has accepted the Premises and that all improvements required to be made to the Premises by Landlord
have been completed according to this Lease; (g) that, except as specifically stated in such certificate, Tenant, and only Tenant, currently occupies the Premises; and (h) such other matters as may be reasonably requested by Landlord. Any
such certificate may be relied upon by Landlord and any prospective purchaser or present or prospective mortgagee, deed of trust beneficiary or ground lessor of all or a portion of the Building. 
 18.2 Landlord Estoppel Certificates 
 Landlord shall,
at any time and from time to time (but on not less than 10 days prior request by Tenant), execute and deliver to Tenant a statement setting forth any or all of the following: (a) the Commencement Date and Expiration Date; (b) that this
Lease is unmodified and in full force and effect (or, if there have been modifications, that this Lease is in full force and effect, as modified, and stating the date of each modification); (c) the date, if any, through which Base Rent has been
paid and the date, if any, through which any Additional Rent and other Rent which Landlord shall have billed to Tenant has been paid (expressly reserving any and all of Landlord’s rights under the Lease to bill for periods prior to the date of
such estoppel including, without limitation, operating expense reconciliations, corrections to previous billings and previously unbilled items); and (d) whether, to the best of Landlord’s knowledge (but without any investigation) any Event
of Default by Tenant exists which has not been cured, except as to Events of Default stated in such certificate. Any such certificate may be relied upon only by Tenant, any assignee or subtenant of Tenant under this Lease. 
 19. DEFINITION OF LANDLORD, LIMITATIONS ON LANDLORD’S LIABILITY 
 19.1 Definition of Landlord 
 The term “Landlord” as used in this Lease shall mean, (i) during the
period that the Condominium is in effect, the owner, at the particular time in question, of the Unit(s) that encompass or encompasses the entire Premises (collectively, the “Premises Unit”) or of a leasehold estate therein or
(ii) at any other time, the owner, at the particular time in question, of the Building, or of a leasehold estate in the Building, so that, in any such event, in the case of a sale, conveyance, assignment or other transfer of the Building or the
Premises Unit (as the case may be) or Landlord’s interest therein, Landlord shall be and hereby is released and freed of all obligations and liability of Landlord under this Lease accruing from and after the effective date of such transfer, and
it shall be deemed, without further agreement, that the transferee has assumed and agreed to perform all of the obligations of Landlord under this Lease accruing during the period it is the holder of title to the Premises Unit or the Building, as
the case may be, or of a leasehold interest therein, and Tenant shall thereafter look solely to such transferee for performance of Landlord’s obligations under this Lease, it being understood that from and after the effective date of such
transfer, the term “Landlord” shall only mean the transferee and the covenants and agreements of Landlord shall thereafter be binding upon such transferee. 
 19.2 Limitations on Landlord’s Liability 
 Any liability for damages, breach or nonperformance of
this Lease by Landlord, or arising out of the subject matter of, or the relationship created by, this Lease, shall be collectible only out of Landlord’s 
  

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 interest in the Building and the proceeds thereof but only for so long as such proceeds shall actually be in the hands of
Landlord and no personal liability has been assumed by, or shall at any time be asserted against, Landlord, its parent and affiliated corporations, its and their partners, venturers, directors, officers, agents, servants and employees, or any of its
or their successors or assigns; all such liability, if any, being expressly waived and released by Tenant. 
 19.3 Condominium Provisions 

19.3.1 For purposes of this Lease, the following terms shall have the following meanings: 
 (i) “Condominium” shall mean The One New York Plaza Condominium created by the Condominium Declaration dated as of February 16, 1993
establishing a plan for condominium ownership of premises located at One New York Plaza, New York, NY pursuant to the provisions of Article 9-B of the Real Property Law of the State of New York (as the same may have been or hereafter shall be
amended, the “Condominium Act”), which Declaration was recorded on March 4, 1993 in the Register’s Office in Reel 1951, Page 758, as amended by that certain First Amendment of Declaration of Condominium dated
March 19, 1993 and subsequently recorded in the Register’s Office, and as the same may hereafter be amended (the “Condominium Declaration”). 
 (ii) “Condominium Party” shall mean (1) the Condominium Board, (2) any fee owner of one or more Units, and (3) any lessee under any ground, overriding or underlying lease demising one
or more Units. 
 (iii) “Unit(s)” shall have the meaning set forth in the Condominium Declaration. 
 (iv) “Condominium Board” shall mean the “board of managers,” as such term is used in the Condominium Act, and the Common
Owner, of the Condominium. 
 (v) “Common Owner” shall have the meaning set forth in the Condominium Declaration.

 (vi) “Common Elements Net Lease” shall mean that certain Agreement of Lease dated as of March 19, 1993 between the
One New York Plaza Condominium, as landlord, and Landlord, as tenant. 
 19.3.2 Landlord represents that as of the Date Landlord is the owner
of all of the Units. Landlord shall not enforce any amendment of the Condominium Declaration made after the Date of this Lease against Tenant so as to reduce any of Tenant’s rights under this Lease or increase any of Tenant’s obligations
under this Lease other than to a de minimis extent. 
 20. RULES AND REGULATIONS 
 Tenant shall faithfully observe and comply with the Rules and Regulations set forth in Exhibit D and with all reasonable modifications and additions to
such Rules and Regulations (which shall be applicable to all Building tenants) from time to time adopted by Landlord. If there shall be any direct conflict between any such modification or addition and any right expressly granted to Tenant under
this Lease, the provisions of this Lease shall control. Landlord’s enforcement of the Rules and Regulations shall be nondiscriminatory, but Landlord shall not be responsible to Tenant for failure of any person to comply with the Rules and
Regulations. 
  

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 21. DEFAULT AND REMEDIES 
 21.1 Events of Default 
 If any one or more of the following events (“Events of Default”) shall occur:

 (a) Tenant shall fail to pay to Landlord the full amount of any Base Rent or Additional Rent, or any other charge payable under this Lease
by Tenant to Landlord, on or before the date upon which the same shall first become due and such failure shall continue for more than ten (10) days after Landlord shall have given Tenant written notice thereof; or 
 (b) Tenant shall do anything or permit anything to be done, whether by action or inaction, in breach of any covenant, agreement, term, provision or
condition of this Lease, or any Exhibit annexed hereto, on the part of Tenant to be kept, observed or performed (other than a breach of the character referred to in clause 21.1(a) above), and such breach shall continue and shall not be fully
remedied by Tenant within thirty (30) days after Landlord shall have given to Tenant a notice specifying the same, except in connection with a breach which cannot be remedied or cured within said thirty (30) day period, in which event the
time of Tenant within which to cure such breach shall be extended for such time (but not in excess of sixty (60) days after Landlord shall have given Tenant such notice) as shall be necessary to cure the same, but only if Tenant, within such
initial thirty (30) day period, shall promptly commence and thereafter proceed diligently and continuously to cure such breach, provided however, that such 30-day period of time shall not be so extended as to jeopardize the interest of Landlord
in the Land and/or the Building or so as to subject Landlord to any liability, civil or criminal), or if such extension shall cause or result in (i) a dangerous condition in the Premises or Building, (ii) any insurance coverage carried by
Tenant or Landlord with respect to the Premises or Building being jeopardized or (iii) a material disturbance to another tenant; or 
 (c) Any event shall occur or any contingency shall arise whereby this Lease or the estate hereby granted or the unexpired balance of the Term of this Lease would, by operation of law or otherwise, devolve upon or pass to any person, firm,
association or corporation other than Tenant, except as may be expressly authorized herein; or 
 (d) Tenant shall abandon the Premises
(whether or not the keys be surrendered, and whether or not the rent be paid, and whether or not improvements, personal property or trade fixtures remain in the Premises), or Tenant shall fail to take possession or move into the Premises within
thirty (30) days after the Commencement Date; or 
 (e) If Tenant shall commence or institute any case, proceeding or other action
(i) seeking relief on its behalf as debtor or to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts under
any existing or future Law of any jurisdiction, relating to bankruptcy, insolvency, reorganization or relief of debtors, or (ii) seeking appointment of a receiver, trustee, custodian or other similar official for it or for any part of its
property; or 
 (f) If Tenant shall make a general assignment for the benefit of creditors; 
  

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 (g) If any case, proceeding or other action shall be commenced or instituted against Tenant
(i) seeking to have an order for relief entered against Tenant as debtor or to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with
respect to it or its debts under any existing or future Law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, or (ii) seeking appointment of a receiver, trustee, custodian or
other similar official for it or for all or any part of its property, which (x) results in any such entry of an order for relief, adjudication of bankruptcy or insolvency or such an appointment or the issuance or entry of any other order having
a similar effect, or (y) is not contested, in good faith, by Tenant within 30 days of the date such case, proceeding or other action is instituted (or such shorter time period as may be prescribed by local bankruptcy rule, the bankruptcy court
or other applicable law) or (z) remains undismissed for a period of 90 days; 
 then, upon the occurrence of any of said events,
Landlord may at any time thereafter give to Tenant a notice of termination of the Term of this Lease setting forth a termination date three (3) days from the date of the giving of such notice, and, upon the giving of such notice, this Lease and
the term and estate hereby granted (whether or not the Term shall theretofore have commenced) shall expire and terminate upon the expiration of said three (3) days with the same effect as if that day were the date hereinbefore set for the
expiration of the Term of this Lease, but Tenant shall remain liable for damages as provided in Section 21.3 below. 
 21.2 Landlord’s Remedies

 21.2.1 If an Event of Default shall have occurred, Landlord and/or Landlord’s agents and servants, whether or not the Term of this
Lease shall have been terminated pursuant to Section 21.1, may, without notice to Tenant, immediately or at any time thereafter reenter into or upon the Premises or any part thereof, either by summary dispossess proceedings or by any other
suitable action or proceeding at law, without being liable to indictment, prosecution or damages therefor, and may repossess the same, and may remove any persons or property therefrom, to the end that Landlord may have, hold and enjoy the Premises
again as and of its first estate and interest therein. The words “reenter” “reentry” and “reentered” as used in this Lease are not restricted to their technical legal meanings. In the event of any termination of this
Lease under the provisions of Section 21.1, or in the event that Landlord shall reenter the Premises under the provisions of Section 21.2, or in the event of the termination of this Lease (or of reentry) by or under any summary dispossess
or other proceeding or action or any provision of law, Tenant shall thereupon pay to Landlord the Base Rent, Additional Rent and any other charges payable hereunder by Tenant to Landlord up to the time of such termination of this Lease, or of such
recovery of possession of the Premises by Landlord, as the case may be, plus the expenses incurred or paid by Landlord in terminating this Lease or of reentering the Premises and securing possession thereof, including reasonable attorneys’ fees
and costs of removal and storage of Tenant’s property, and Tenant shall also pay to Landlord damages as provided in Section 21.3 below. 
 21.2.2. In the event of the reentry into the Premises by Landlord under the provisions of this Section 21.2, and if this Lease shall not be terminated, Landlord may (but shall have absolutely no obligation to do so), not in
Landlord’s own name, but as agent for Tenant, relet the whole or any part of the Premises for any period equal to or greater or less than the remainder of the original term of this Lease, for any sum which Landlord may deem suitable, including
rent concessions, and for any use and purpose which Landlord may deem appropriate. Such reletting may include any improvements, personalty and trade fixtures remaining in the Premises. 
 21.2.3 In the event of a breach or threatened breach on the part of Tenant or Landlord with respect to any of the covenants, agreements, terms,
provisions or conditions on the part of or on behalf of Tenant or Landlord, as the case may be, to be kept, observed or performed, Landlord or Tenant, as the case may be, shall also have the right of injunction. 
  

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 21.2.4. In the event of (i) the termination of this Lease under the provisions of this Article 21,
or (ii) the reentry of the Premises by Landlord under the provisions of this Section 21.2, or (iii) the termination of this Lease (or reentry) by or under any summary dispossess or other proceeding or action or any provision of law by
reason of default hereunder on the part of Tenant, Landlord shall be entitled to retain all monies, if any, paid by Tenant to Landlord, whether as advance rent, security deposit or otherwise, but such monies shall be credited by Landlord against any
Base Rent, Additional Rent or any other charge due from Tenant at the time of such termination or reentry or, at Landlord’s option, against any damages payable by Tenant under Section 21.3 or pursuant to law. 
 21.2.5 The specified remedies to which Landlord may resort under this Lease are cumulative and concurrent and are not intended to be exclusive of each
other or of any other remedies or means of redress to which Landlord may lawfully be entitled at any time, and Landlord may invoke any remedy allowed under this Lease or at law or in equity as if specific remedies were not herein provided for, and
the exercise by Landlord of any one or more of the remedies allowed under this Lease or in law or in equity shall not preclude the simultaneous or later exercise by the Landlord of any or all other remedies allowed under this Lease or in law or in
equity. 
 21.3 Damages 
 21.3.1 In the
event of any termination of this Lease under the provisions hereof or under any summary dispossess or other proceeding or action or any provision of law, or in the event that Landlord shall reenter the Premises under the provisions of this Lease,
Tenant shall pay to Landlord as damages, at the election of Landlord, either: 
 (a) a sum which at the time of such termination of this Lease
or at the time of any such reentry by Landlord, as the case may be, represents the then value of the excess, if any, of (i) the aggregate of the installments of Base Rent and the Additional Rent (if any) which would have been payable hereunder
by Tenant, had this Lease not so terminated or had Landlord not reentered the Premises, for the period commencing with such earlier termination of this Lease or the date of any such reentry, as the case may be, and ending with the date set forth
initially for the expiration of the full term of this Lease pursuant to Articles 1 and 2, over (ii) the aggregate rental value of the Premises for the same period (the amounts of each of clauses (i) and (ii) being first discounted to
present value at an annual rate of six (6%) percent); or 
 (b) sums equal to the aggregate of the installments of Base Rent and
Additional Rent (if any) which would have been payable by Tenant had this Lease not so terminated, or had Landlord not so reentered the Premises, payable upon the due dates therefor specified herein following such termination or such reentry and
until the Expiration Date originally set forth in this Lease for the expiration of the Term; provided, however, that if Landlord shall relet the Premises during said period, Landlord shall credit Tenant with the net rents received by Landlord from
such reletting, such net rents to be determined by first deducting from the gross rents as and when received by Landlord from such reletting the expenses incurred or paid by Landlord in terminating this Lease and of reentering the Premises and of
securing possession thereof, including reasonable attorneys’ fees and costs of removal and storage of Tenant’s property, as well as the expenses of reletting, including repairing, restoring and improving the Premises for new tenants,
brokers’ commissions, advertising costs, reasonable attorneys’ fees, and all other similar or dissimilar expenses chargeable against the Premises and the rental therefrom in connection with such reletting, it being understood that such
reletting may be for a period equal to or 
  

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 shorter or longer than the remaining term of this Lease; provided further, that (1) in no event shall Tenant be
entitled to receive any excess of such net rents over the sums payable by Tenant to Landlord hereunder, (2) in no event shall Tenant be entitled in any suit for the collection of damages pursuant to this Subdivision (b) to a credit in
respect of any net rents from a reletting except to the extent that such net rents are actually received by Landlord prior to the commencement of such suit, and (3) if the Premises or any part thereof should be relet in combination with other
space, then proper apportionment on a square foot area basis shall be made of the rent received from such reletting and of the expenses of reletting, or if relet for a period longer than the remaining Term of this Lease, the expenses of reletting
shall be apportioned based on the respective periods. 
 21.3.2. For the purposes of Section (a)(i) of Section 21.3.1, the amount of
Additional Rent which would have been payable by Tenant under Articles 4 and 8 for each year ending after such termination of this Lease or such reentry, shall be deemed to be an amount equal to the amount of such Additional Rent payable by Tenant
for the calendar year and Tax Year ending immediately preceding such termination of this Lease or such reentry. Suit or suits for the recovery of such damages, or any installments thereof, may be brought by Landlord from time to time at
Landlord’s election, and nothing contained herein shall be deemed to require Landlord to postpone suit until the date when the term of this Lease would have expired if it had not been terminated under the provisions of this Section 21, or
under any provision of law, or had Landlord not reentered the Premises. 
 21.4 Miscellaneous 
 21.4.1 Nothing contained in this Article 21 shall be construed as limiting or precluding the recovery by Landlord against Tenant of any sums or damages to
which, in addition to the damages particularly provided above, Landlord may lawfully be entitled by reason of any default under this Lease on the part of Tenant. The failure or refusal of Landlord to relet the Premises or any part or parts thereof,
or the failure of Landlord to collect the rent thereof under any reletting, shall not release or affect Tenant’s liability for damages. 
 21.4.2 Tenant, for Tenant, and on behalf of any and all persons claiming through or under Tenant, including creditors of all kinds, does here by waive and surrender all right and privilege which they or any of them might have under or by
reason of any present or future law to redeem the Demised Premises, or to have a continuance of this Lease for the term hereby demised, after Tenant shall be dispossessed or ejected therefrom by process of law or under the terms of this Lease or
after the expiration or termination of this Lease as herein provided or pursuant to law. Tenant also waives the provisions of any law relating to notice and/or delay in levy of execution in case of an eviction or dispossess of a tenant for
non-payment of rent, and of any other law of like import now or hereafter in effect. In the event that Landlord shall commence any summary proceeding for non-payment of rent or for holding over after the termination of this Lease, Tenant shall not,
and hereby expressly waives any right to, interpose any counterclaim of whatever nature or description in any such proceeding, except to the extent that by failing to interpose such counterclaim Tenant would be barred from asserting such
counterclaim in a separate action or proceeding. 
 21.4.3 If Landlord shall commence a summary or other proceeding against Tenant, Tenant
shall reimburse Landlord, as Rent, Landlord’s reasonable attorneys’ fees and expenses, both if judgment is awarded for Landlord, or if Tenant makes the payment subsequent to service of process but prior to entry of judgment. 
 21.4.4 Nothing contained in this Lease shall limit or prejudice Landlord’s right to prove and obtain as liquidated damages in any bankruptcy,
insolvency, receivership, reorganization or dissolution 
  

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 proceeding, an amount equal to the maximum allowable by any Laws governing such proceeding in effect at the time when
such damages are to be proved, whether or not such amount be greater, equal to or less than the amounts recoverable, either as damages or Rent, under this Lease. 
 21.4.5 Upon the occurrence of an Event of Default, Landlord shall be entitled to exercise all of the rights set forth in this Article 21 above (including the right to terminate this Lease), notwithstanding that this
Lease provides that Landlord may cure the default or otherwise perform the obligation of Tenant which gave rise to such Event of Default, and regardless of whether Landlord shall have effected such cure or performed such obligation. 
 21.4.6 The failure of Landlord to enforce Landlord’s rights for violation of, or to insist upon the strict performance of any covenant, agreement,
term, provision or condition of this Lease, or any of the rules and regulations, shall not constitute a waiver thereof, and Landlord shall have all remedies provided herein and by applicable law with respect to any subsequent act which would have
originally constituted a violation. The receipt by Landlord or payment by Tenant of Base Rent and/or Additional Rent with knowledge of the breach of any covenant, agreement or condition of this Lease shall not be deemed a waiver of such breach. The
failure of Tenant to enforce Tenant’s rights for violation of, or to insist upon the strict performance of any covenant, agreement, term, provision or condition of this Lease by Landlord, shall not constitute a waiver thereof, and Tenant shall
have all remedies provided herein and by applicable law with respect to any subsequent act which would have originally constituted a violation. 
 21.4.7 The provisions of this Article 21 shall survive the expiration or sooner termination of this Lease. 
 21.5 Landlord’s Right To Cure

 Except as otherwise expressly provided in this Lease, Landlord may, but shall not be obligated to, cure any default by Tenant under
this Lease at any time after notice and the lapse of any cure period specified within the conditional limitation to which such default relates, without giving further notice; provided, however, that no notice or cure period shall be required to be
given in case of actual or suspected emergency (except that Landlord shall endeavor to give such notice as may be practicable under the circumstances to Tenant at the Premises) and (ii) if any other provision of this Lease shall permit Landlord
to cure a default of Tenant under such provision, then such notice and cure period as shall be specified in such provision shall control with respect to Landlord’s right to cure such default on behalf of Tenant and the notice and cure period
under Section 21.1 shall not be required to be given. Whenever Landlord so elects, all costs and expenses incurred by Landlord in curing any such default, including reasonable attorney’s fees and disbursements, together with interest at
the lower of five (5%) percent above the then-current Prime Rate or the highest rate permitted by law on the amount of the costs and expenses so incurred commencing on the date such costs and expenses are paid by Landlord, shall be paid by
Tenant to Landlord as Rent within thirty (30) days after demand. Landlord shall, promptly upon Tenant’s request, furnish to Tenant reasonable supporting documentation substantiating such costs and expenses. 
 22. ENFORCEMENT OF REASONABLE CONSENT; PREVAILING LEGAL FEES 
 22.1
Enforcement of Reasonable Consent 
 Tenant hereby waives any claim against Landlord which it may have based upon any assertion that
Landlord has unreasonably withheld or unreasonably delayed any consent or approval that, pursuant to the terms of this Lease, is not to be unreasonably withheld by Landlord and Tenant agrees that its sole 
  

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 remedy shall be an action or proceeding to enforce any such provision or for specific performance, injunction or
declaratory judgment. In the event of such a determination, the requested consent or approval shall be deemed to have been granted; provided, however, that Landlord shall have no liability to Tenant for its refusal or failure to give such consent or
approval and the sole remedy for Landlord’s unreasonably withholding or delaying of consent or approval shall be as provided in this Article 22. Notwithstanding the foregoing, the provisions of the first sentence of this Article 22 shall not
apply in the event that a court of competent jurisdiction shall finally determine that Landlord acted in bad faith in exercising its judgment or withholding its consent or approval pursuant to a specific provision of this Lease in any instance in
which Landlord has expressly agreed in this Lease not to unreasonably or in bad faith exercise its judgment or withhold its consent or approval. In any instance in which Landlord may not unreasonably withhold its consent or approval under this
Lease, Landlord shall not unreasonably condition or delay its consent or approval to such matter. 
 22.2 Prevailing Legal Fees 
 In any action to enforce the provisions of this Lease in the event of the default of Landlord after notice and the expiration of all applicable cure
periods in which Tenant is the prevailing party pursuant to a final, unappealable judgment, Landlord shall promptly reimburse Tenant for all of Tenant’s reasonable out-of-pocket attorney’s fees and court costs incurred in such action. Each
party shall pay for its own attorney’s fees and disbursements and court costs, if any, incurred in enforcing any provisions of this Lease when such enforcement is settled between the parties without entry of final judgment. 
 23. SECURITY DEPOSIT 
 23.1 Amount 
 Upon the execution of this Lease, Tenant shall deposit with Landlord the sum set forth in Section 1.1 as the Security Deposit, as security for the
faithful performance and observance by Tenant of the covenants, agreements, terms, provisions and conditions of this Lease. The Security Deposit shall be deposited in a segregated interest bearing account in a bank selected by Landlord and any
interest earned on the same, less a 1% administrative fee which shall be retained by Landlord, shall be added to such account on Tenant’s behalf. Landlord makes no representations regarding the rate of return that shall be earned on the
Security Deposit. 
 23.2 Use and Restoration 
 If Tenant shall default in the performance of any of its obligations under this Lease, including, without limitation, the payment of any Base Rent, Additional Rent or other Rent or any other sums payable under this Lease, Landlord may, at
its option, use, apply or retain all or any part of the Security Deposit for the payment of (1) any Rent in arrears or any other sums of which Tenant shall be in default, (2) any expenses Landlord may incur as a result of Tenant’s
failure to perform any of Tenant’s obligations under this Lease, and (3) any other losses or damages Landlord may suffer as a result of Tenant’s failure to perform any of Tenant’s obligations under this Lease, including, without
limitation, any damages or deficiency in the reletting of the Premises, whether such damages or deficiency accrued before or after summary proceedings or other re-entry by Landlord. Landlord shall not be required to use, apply or retain the whole or
any part of the Security Deposit, but if Landlord shall use or apply all or any portion of the Security Deposit, Tenant shall, within ten (10) Business Days after demand, deposit with Landlord a sum sufficient to restore the Security Deposit to
the amount held by Landlord immediately prior to such use or application. Tenant’s failure to so restore the Security Deposit shall constitute an Event of Default. 
  

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 23.3 Transfers 
 Tenant shall not assign or encumber the Security Deposit without Landlord’s express written consent. Neither Landlord nor its successors or assigns shall be bound by any assignment or encumbrance unless Landlord
has given its consent. Landlord shall have the right, at any time and from time to time, to transfer the Security Deposit to any purchaser or lessee of the entire Building. Upon any such transfer, Tenant shall look solely to the new owner or lessee
for the return of the Security Deposit. 
 23.4 Refund 
 23.4.1 Landlord shall refund the Security Deposit (if Landlord shall not have applied the Security Deposit in accordance with the provisions of this Lease), or any remaining balance, to Tenant or, at Landlord’s
option, to the last assignee of Tenant’s interest under this Lease, within forty-five (45) days after the expiration or earlier termination of the Term and Tenant’s vacation and surrender of exclusive possession of the Premises to
Landlord in the condition required by the provisions of this Lease. Landlord’s obligations under this Section 23.4 shall survive the expiration or earlier termination of the Term. 
 23.4.2 Notwithstanding anything to the contrary contained in this Lease, provided that (a) Tenant shall not be in default of any of the monetary
terms, covenants or conditions to be observed or performed by Tenant under this Lease or in default of any non-monetary obligation of Tenant under this Lease after notice thereof shall have been give to Tenant, in both cases both on the applicable
reduction date set forth below and on the dates on which Tenant shall request and effect the reduction of the Security Deposit (provided that if any such default shall be cured within the cure period applicable to such default set forth in Article
21, then Tenant’s right to reduce the Security Deposit in accordance with the provisions of this Section 23.4.2 shall be reinstated) and (b) Tenant shall not have made more than one (1) payment of Base Rent or two
(2) payments of Additional Rent payable under Article 4 after Landlord shall have served a notice of default on Tenant within the 24 month period preceding the applicable reduction date, Tenant shall have the right to reduce the Security
Deposit (x)on the fourth (4th) anniversary of the Rent Commencement Date to $1,087,500.00, (y) on the
sixth (6th) anniversary of the Rent Commencement Date to $725,000.00 and (z) on the eighth (8th) anniversary of the Rent Commencement Date to $362,500.00. 
 23.5 Letter of Credit 
 Notwithstanding anything to the contrary contained in Section 23.1 above,
in lieu of a cash security deposit, Tenant may deliver to Landlord a clean, irrevocable, transferable and unconditional letter of credit (the “Letter of Credit”) issued by and drawn upon a commercial bank (hereinafter referred to as
the “Issuing Bank”) which shall be a member bank of the New York Clearinghouse Association (or, in the alternative, which shall have offices for banking purposes in the Borough of Manhattan and shall have a net worth of not less than
$10,000,000,000, with appropriate evidence thereof to be submitted by Tenant), which Letter of Credit shall: (i) have a term of not less than one year, (ii) be in the form of Exhibit F, (iii) be for the account of Landlord,
(iv) be in the amount of the Security Deposit, (v) except as otherwise provided in this Section 23.5, conform and be subject to Uniform Customs and Practice for Documentary Credits, 1993 Revision, ICC Publication No. 400,
(vi) be fully transferable by Landlord without any fees or charges payable by Landlord therefor, (vii) provide that Landlord shall be entitled to draw upon the Letter of Credit upon presentation to the Issuing Bank of a sight draft only,
and (viii) provide that the Letter of Credit shall be deemed automatically renewed, 
  

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 without amendment, for consecutive periods of one year each year thereafter during the Term of this Lease, unless the
Issuing Bank shall send notice (the “Non-Renewal Notice”) to Landlord by registered or certified mail, return receipt requested, or by reputable overnight courier with receipt acknowledged, not less than thirty (30) days next
preceding the then expiration date of the Letter of Credit that the Issuing Bank elects not to renew such Letter of Credit, in which case Landlord shall have the right, by sight draft on the Issuing Bank, to receive the monies represented by the
then existing Letter of Credit (unless Tenant shall deliver to Landlord, at least twenty (20) days prior to the date on which the existing Letter of Credit is set to expire, time being of the essence, a replacement Letter of Credit that shall
strictly comply with all of the provisions of this Section 23.5 or a cash Security Deposit), and to hold and/or disburse such proceeds pursuant to the terms of this Section 23 as cash security. Tenant acknowledges and agrees that the
Letter of Credit shall be delivered to Landlord as security for the faithful performance and observance by Tenant of all of the covenants, agreements, terms, provisions and conditions of this Lease, and that Landlord shall have the right to draw
upon the entire Letter of Credit in any instance in which Landlord would have the right to use, apply or retain the whole or any part of any cash security deposited with Landlord pursuant to this Section 23. In the event that Tenant shall elect
to furnish the Letter of Credit in lieu of cash security, all references to the “Security Deposit” in this Article 23 shall be deemed to refer to the Letter of Credit, or any proceeds thereof as may be drawn upon by Landlord. 

24. BROKERS 
 Tenant represents and warrants to
Landlord that it did not deal with any broker or agent who negotiated or was instrumental in negotiating or consummating this Lease except the Broker, and that it does not know of any real estate broker or agent who is or might be entitled to a
commission or compensation in connection with this Lease other than the Broker. Landlord shall pay all fees, commissions or other compensation payable to the Broker pursuant to a separate agreement between Landlord and the Broker. Tenant shall
indemnify and hold Landlord harmless from all damages paid or incurred by Landlord resulting from any claims asserted against Landlord by brokers or agents claiming a commission or other compensation in connection with this Lease and alleging to
have dealt with Tenant. Landlord represents to Tenant that Landlord has not employed any exclusive leasing agent in connection with the negotiation of this Lease. Landlord shall indemnify and hold Tenant harmless from all damages paid or incurred by
Tenant resulting from any claims asserted against Tenant by any exclusive broker or agent hired by Landlord in connection with the leasing of the Premises to Tenant. 
 25. SUBORDINATION 
 25.1 Definitions 
 For purposes of this Lease, the following terms shall have the following meanings: 
 (a) “Underlying Lease” shall mean any ground lease, overriding lease or underlying lease of the Land and/or any portion of the Building
of which the Premises are a part, now or hereafter existing, and all renewals, modifications, replacements and extensions of any such lease; and the lessor of an Underlying Lease or its successor in interest, at the time referred to, is herein
called an “Underlying Lessor”. Landlord represents that the Master Ground Lease is the only Underlying Lease affecting the Building as of the Date. 
 (b) “Master Ground Lease” shall mean that certain Ground Lease, dated December 31, 1966, between Landlord (as successor-in-interest to Sol G. Atlas and John P. McGrath), as lessor, and

  

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 Landlord (as successor-in-interest to New York Plaza Building Company (“NYLP”)), as lessee, a memorandum
of which was recorded April 18, 1967 in the Register’s Office in Rec. Liber 172 Page 10, as modified and amended. 
 (c)
“Mortgage” shall mean any mortgage which may now or hereafter affect the Land and/or any portion of the Building and/or any Underlying Lease, whether or not any such mortgage shall also cover other lands and/or buildings and/or
leases, including all advances made or hereafter to be made under any such mortgage, and to all modifications, amendments, replacements and extensions, spreaders and consolidations of any such mortgage; and the holder of a Mortgage is herein called
a “Mortgagee.” 
 (d) “Non-Disturbance Agreement” shall mean an agreement either in the form annexed
hereto as Exhibit I or in another form reasonably satisfactory to Tenant and the Mortgagee providing in substance that (i) Tenant shall not be named or joined as a party defendant or otherwise in any suit, action or proceeding to enforce
any rights granted to such Mortgagee under its Mortgage (unless required by law), and (ii) the possession of Tenant of the Premises shall not be disturbed or evicted and this Lease, Tenant’s leasehold estate and Tenant’s rights
hereunder shall not be terminated as a result of any foreclosure of any such Mortgage, and any sale pursuant to any such foreclosure or the delivery of a deed in lieu of foreclosure, or other acquisition of Landlord’s interest in the Land
and/or Building pursuant to the enforcement of the Mortgagee’s remedies; provided, however, that any Non-Disturbance Agreement may (i) be conditioned upon this Lease being in full force and effect and Tenant not being in default hereunder
beyond notice and the expiration of any applicable grace period, and (ii) may contain the substance of Sections 25.3 and 25.4 hereof. 
 25.2
Attornment 
 Subject to Section 25.5 hereof, this Lease and all rights of Tenant hereunder, are and shall be subject and subordinate to every
Underlying Lease and to every Mortgage. In confirmation of such subordination, Tenant shall promptly execute, acknowledge and deliver any instrument that Landlord, any Underlying Lessor or any Mortgagee, or any of their respective successors in
interest, may reasonably request to evidence such subordination. Without limiting the generality of the foregoing, this Lease is and shall be subject and subordinate in all respects to the Master Ground Lease and the Common Elements Net Lease.
Notwithstanding the foregoing, for so long as the then current Landlord is an Affiliated Party of the Underlying Lessor under an Underlying Lease, this Lease shall not be subject and subordinate to such Underlying Lease. 
 25.3 Notice to Mortgagee and Underlying Lessor 
 If
any act or omission of Landlord would give Tenant the right, immediately or after lapse of a period of time, to cancel or terminate this Lease, or to abate or offset any sums against the payment of Rent or to claim a partial or total eviction,
Tenant shall not exercise such right (a) until it has given written notice of such act or omission to Landlord and each Mortgagee and each Underlying Lessor whose name and address shall previously have been furnished to Tenant, and
(b) until a reasonable period for remedying such act or omission shall have elapsed following the giving of such notice which shall include a reasonable period of time for such Mortgagee or Underlying Lessor to have become entitled under such
Mortgage or Underlying Lease, as the case may be, to remedy the same (which latter reasonable period shall in no event be less than the period to which Landlord would be entitled under this Lease or otherwise, after similar notice, to effect such
remedy plus thirty (30) days), provided that such Mortgagee or Underlying Lessor shall give notice to Tenant of such party’s intention to effect such cure and shall diligently pursue such cure. 
  

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 25.4 Attornment 
 Subject to Section 25.5, if any Underlying Lessor or Mortgagee, any designee of any Underlying Lessor or Mortgagee, or any other person shall succeed to the rights of Landlord under this Lease, whether through
possession or foreclosure action or delivery of a new lease or deed, then at the request of such party so succeeding to Landlord’s rights (herein called “Successor Landlord”), Tenant shall, upon the demand of such Successor
Landlord, attorn to and recognize such Successor Landlord as Tenant’s landlord under this Lease and, in such event, the Successor Landlord shall recognize Tenant and Tenant’s leasehold estate under this Lease. While such attornment shall
be self-operative and shall occur automatically upon such demand, Tenant shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence such attornment. Upon such attornment this Lease shall
continue in full force and effect as a direct lease between the Successor Landlord and Tenant upon all of the terms, conditions and covenants as are set forth in this Lease, except that a Successor Landlord which is not an Affiliated Party of the
then Landlord shall not be: 
 (a) liable for any previous act or omission of Landlord (or its predecessors in interest) except to the extent
that such act or omission shall constitute a continuing default under this Lease; 
 (b) responsible for any monies owing by Landlord to the
credit of Tenant; 
 (c) subject to any credits, offsets, claims, counterclaims, demands or defenses which Tenant may have against Landlord
(or its predecessors in interest); 
 (d) bound by any payments of Rent which Tenant might have made for more than one (1) month in
advance to Landlord (or its predecessors in interest) except to the to which Successor Landlord shall have received the same; 
 (e) bound by
any agreement to undertake or complete any construction of the Premises or any portion thereof; 
 (f) required to account for any security
deposit other than any security deposit actually delivered to the Successor Landlord; and 
 (g) bound by any modification of this Lease made
after the date Tenant has actual notice of the existence of such Successor Landlord’s Mortgage or Underlying Lease, which is made without the written consent of such Successor Landlord. 
 Notwithstanding the foregoing provisions, a Successor Landlord may unilaterally elect to subordinate such Mortgage or Underlying Lease to this Lease.

 25.5 Non-Disturbance Agreement 
 25.5.1
Landlord, with respect to any Mortgage or Underlying Lease executed after the date hereof, shall deliver to Tenant a Non-Disturbance Agreement from the Mortgagee or Underlying Lessor thereunder; provided, however, that if Tenant shall be in default
beyond notice and the expiration of any applicable cure period, then Landlord shall have no obligation to deliver a Non-Disturbance Agreement to Tenant with respect to any such future Mortgage or future Underlying Lease until such time as Tenant

  

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 has cured any such default, and, during the pendency of such default, this Lease shall be subject and subordinate to such
Underlying Lease or Mortgage notwithstanding that a Non-Disturbance Agreement has not been delivered to Tenant. 
 25.5.2 If, in any
instance, Landlord shall have delivered to Tenant a form of Non-Disturbance Agreement for execution by Tenant, which form complies with the provisions hereof (whether or not such form of Non-Disturbance Agreement shall have theretofore been executed
by the applicable Underlying Lessor or Mortgagee) and Tenant shall fail or refuse to execute and deliver same within ten (10) Business Days after such delivery, then Landlord shall have no further obligation pursuant to this
Section 25.5 with respect to such Underlying Lease or Mortgage, all of Landlord’s obligations being deemed satisfied, and this Lease and all rights of Tenant hereunder shall remain subject and subordinate to such Underlying Lease or
Mortgage without any need to deliver to Tenant a Non-Disturbance Agreement, and no further instrument of subordination shall be required. 
 25.5.3 If, in any instance, (i) Landlord shall deliver to Tenant a form of Non-Disturbance Agreement for execution by Tenant which has not theretofore been executed by the applicable Underlying Lessor or Mortgagee, as the case may be,
and (ii) Tenant executes such form of Non-Disturbance Agreement and delivers the same to Landlord within the period(s) set forth in Section 25.5.2 above, then Landlord shall, within twenty (20) Business Days after Tenant’s
execution thereof, cause the same to be executed by such Underlying Lessor or Mortgagee, as the case may be, and delivered to Tenant and, until such time as the Non-Disturbance Agreement is so delivered to Tenant, this Lease shall be superior to
such Underlying Lease or Mortgage, as the case may be. 
 25.5.4 If, with respect to any Mortgage or Underlying Lease executed after the date
hereof, Landlord shall not deliver to Tenant a Non-Disturbance Agreement from the Mortgagee of Underlying Lessor thereunder as and if required by the foregoing provisions of this Section 25.5, then this Lease shall be superior to such
Underlying Lease or Mortgage (and Landlord shall have no liability whatsoever to Tenant and shall not be in default under this Lease by reason of such not having delivered the Non-Disturbance Agreement with respect to such Underlying Lease or
Mortgage). 
 25.5.5 If Tenant shall record any Non-Disturbance Agreement, then upon the expiration or earlier termination of this Lease (or
the expiration or termination of the applicable Mortgage or Underlying Lease, as the case may be), Tenant shall promptly execute, acknowledge and deliver to Landlord all necessary instrument(s) prepared by Landlord, at Landlord’s cost, in
recordable form and otherwise in form reasonably satisfactory to Tenant, evidencing such expiration or termination of this Lease and sufficient to discharge of record such Non-Disturbance Agreement 
 26. NOTICES 
 All notices required or permitted under
this Lease must be in writing and shall only be deemed properly given and received (a) when actually given and received, if delivered in person to a party who acknowledges receipt in writing; or (b) one (1) Business Day after deposit
with a private courier or overnight delivery service, if such courier or service obtains a written acknowledgment of receipt; or (c) two (2) Business Days after deposit in the United States mails, certified or registered mail with return
receipt requested and postage prepaid or (d) if delivery is refused, returned and/or is otherwise unable to be delivered or received at the address set forth in Section 1.1 (as the same may be changed in accordance with the provisions of
this Article 26), when served in the same manner as a summons in a Supreme Court action is then provided to be made under New York law. All such notices must be transmitted by one of the methods described above to, in the case of notices to
Landlord, both Landlord’s Building Address and Landlord’s General Address, and in the case of notices to Tenant, to Tenant’s 
  

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 Notice Address, or, in either case, at such other address(es) of which either party may notify the other in accordance
with the provisions of this Article 26 or, if delivery is refused, returned and/or is otherwise unable to be delivered or received at the address set forth in Section 1.1 (as the same may be changed in accordance with this Article 26), at such
address(es) as shall be permitted under New York law for service of a summons in a Supreme Court action. Notwithstanding anything to the contrary set forth in this Article 26, any notices regarding the operation of the Building, such as a notice of
intent to shut a Building System for repair and the like, may be given to Tenant at the Premises. 
 27. MISCELLANEOUS 
 27.1 Binding Effect 
 Each of the provisions of this
Lease shall bind and inure to the benefit of, as the case may be, Landlord and Tenant, and their respective heirs, successors and assigns, provided that this clause shall not be construed to permit any transfer by Tenant in violation of the
provisions of Article 16. 
 27.2 Complete Agreement; Modification 
 All of the representations and obligations of the parties are contained in this Lease. No modification, waiver or amendment of this Lease or of any of its conditions or provisions shall be binding upon Landlord or
Tenant unless the same shall be in writing and shall be signed by the party against whom enforcement shall be sought. 
 27.3 Delivery for Examination

 The submission of the form of this Lease for examination shall not bind Landlord or Tenant in any manner, and no obligations shall
arise under this Lease until it shall be signed and exchanged by Landlord and Tenant. 
 27.4 No Air Rights; Obstructions of Light or View; Closure

 This Lease does not grant any easements or rights for light, air or view. Any diminution or blockage of light, air or view by any
structure or condition now or later erected shall not affect this Lease or impose any liability on Landlord. If at any time any windows of the Building (including the Premises) are temporarily darkened, or the light, air or view therefrom is
obstructed temporarily by reason of any repairs, improvements, maintenance or cleaning in or about the Building or permanently by reason of a requirement of Law or the construction of any structure that may be erected on lands in the vicinity of the
Building, the same shall be without liability to Landlord and without any reduction or diminution of Tenant’s obligations under this Lease and shall not be deemed to constitute an eviction. Landlord shall use commercially reasonable efforts to
diligently prosecute and complete any work that causes the obstruction of light or views from the windows of the Premises in any material respect, provided that Landlord shall not be obligated to employ labor at overtime or premium rates.

 27.5 Building Name 
 Tenant shall not,
without Landlord’s consent, use Landlord’s or the Building’s name (if any), or any facsimile or reproduction of the Building, for any purpose; except that Tenant may use the Building’s name in the address of the business to be
conducted by Tenant in the Premises. Landlord reserves the right, upon reasonable prior notice to Tenant, to change the name or address of the Building. 
  

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 27.6 Building Standard 
 The phrase “Building standard” shall, in all instances, refer to the then-current standard described in Landlord’s most recently adopted schedule of Building standard or, if no such schedule has
been adopted, to the standard which commonly prevails in and for the entire Building. 
 27.7 No Waiver 
 No waiver of any provision of this Lease shall be implied by any failure of either party to enforce any remedy upon the violation of such provision, even
if such violation shall be continued or repeated subsequently. No express waiver shall affect any provision other than the provision specified in such waiver, and only for the time and in the manner specifically stated. No provision of this Lease
shall be deemed to have been waived by Landlord or Tenant, unless such waiver shall be in a writing signed by Landlord or Tenant, as the case may be. 
 27.8 Recording; Confidentiality 
 Tenant shall not record this Lease, or a short form memorandum, without Landlord’s
written consent and any such recording without Landlord’s written consent shall constitute an Event of Default. Tenant shall keep the Lease terms, provisions and conditions confidential and shall not disclose them to any other person without
Landlord’s prior written consent. However, Tenant may disclose Lease terms, provisions and conditions to Tenant’s accountants, attorneys, managing employees, consultants and others in privity with Tenant, as reasonably necessary for
Tenant’s business purposes, without such prior consent. 
 27.9 Captions 
 The captions of sections are for convenience only and shall not be deemed to limit, construe, affect or alter the meaning of such sections. 
 27.10 Invoices 
 All bills, invoices and statements
for Rent (“Invoices”) to be given by Landlord to Tenant shall be sent to Tenant’s Invoice Address. Tenant may change Tenant’s Invoice Address by notice to Landlord given according to Section 26. Except as otherwise
expressly provided in this Lease, if Tenant shall fail to give Landlord specific written notice of its objections to any Invoice within sixty (60) days after receipt of any Invoice from Landlord, such Invoice shall be deemed true and correct
and binding on Tenant and Tenant may not later question the validity of such Invoice or the underlying information or computations used to determine any amounts stated therein. 
 27.11 Severability 
 If any provision of this Lease shall be declared void or unenforceable by a final
judicial or administrative order, this Lease shall continue in full force and effect, except that the void or unenforceable provision shall be deemed deleted and replaced with a provision as similar in terms to such void or unenforceable provision
as may be possible and be valid and enforceable. 
  

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 27.12 Jury Trial 
 LANDLORD AND TENANT EACH HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY LANDLORD OR TENANT AGAINST THE OTHER WITH RESPECT TO ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS
LEASE, TENANT’S USE AND OCCUPANCY OF THE PREMISES, OR THE RELATIONSHIP OF LANDLORD AND TENANT, TO THE EXTENT PERMITTED BY LAW. 
 27.13 Authority
to Bind 
 The individuals signing this Lease on behalf of Landlord and Tenant represent and warrant that they are empowered and duly
authorized to bind Landlord or Tenant, as the case may be, to this Lease. 
 27.14 Only Landlord/Tenant Relationship 
 Landlord and Tenant agree that neither any provision of this Lease nor any act of the parties shall be deemed to create any relationship between Landlord
and Tenant other than the relationship of landlord and tenant. 
 27.15 Covenants Independent 
 The parties intend that this Lease be construed as if the covenants between Landlord and Tenant are independent and that the Rent shall be payable without
offset, reduction or abatement for any cause, except as otherwise expressly provided in this Lease. 
 27.16 Governing Law 
 This Lease shall be governed by and construed according to the laws of the State of New York. Landlord and Tenant, any subtenant, and any guarantor of
Tenant’s obligations under this Lease, hereby expressly consent to the jurisdiction of the Civil Court of the City of New York and the Supreme Court of the State of New York with respect to any action or proceeding between Landlord and Tenant
or such party with respect to this Lease or any rights or obligations of either party pursuant to this Lease, and agree that venue shall lie in New York County. Tenant and any subtenant further waive any and all rights to commence any such action or
proceeding against Landlord before any other court. 
 27.17 Inability to Perform 
 Except as otherwise expressly provided in this Lease, this Lease and the obligation of Tenant to pay Base Rent and Additional Rent, and to perform and
comply with all of the other covenants and agreements hereunder on the part of Tenant to be performed or complied with, shall in no way be affected, impaired or excused in the event that Landlord shall be delayed, hindered or prevented by reason of
Force Majeure from performing or complying with any of the covenants and agreements to be performed or complied with by Landlord under this Lease, or to furnish any service or facility. No such delay or failure by Landlord in the performance of any
of Landlord’s obligations under this Lease by reason of Force Majeure shall constitute an actual or constructive eviction in whole or in part or impose any liability upon Landlord or its agents because of inconvenience to Tenant or injury to or
interruption or loss of Tenant’s business or entitle Tenant to any diminution or abatement of rent. Except as otherwise expressly provided in this Lease, the obligations of Landlord to perform and comply with all of 
  

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 the other covenants and agreements hereunder on the part of Landlord to be performed or complied with shall in no way be
affected, impaired or excused in the event that Tenant shall be delayed, hindered or prevented by reason of Force Majeure from performing or complying with any of the covenants and agreements to be performed or complied with by Tenant under this
Lease, provided that lack of funds, bankruptcy or other financial difficulty shall not be deemed a Force Majeure or excuse or extend the time for performance of any obligation by Tenant. 
 27.18 No Surrender 
 No act or thing done by Landlord or Landlord’s agents (including, without
limitation, the acceptance of keys by any employee of Landlord or Landlord’s agents) during the Term shall be deemed to constitute an acceptance of a surrender of the Premises or the termination of this Lease, and no agreement to accept such
surrender shall be valid, unless the same shall be in writing and shall be signed by Landlord. In the event that Tenant at any time shall desire to have Landlord sublet the Premises for Tenant’s account, Landlord or Landlord’s agents are
authorized to receive said keys for such purposes without releasing Tenant from any of the obligations under this Lease, and Tenant hereby relieves Landlord of any liability for loss of or damage to any of Tenant’s property in connection with
such subletting. 
 27.19 No Merger 
 There shall be no merger of this Lease, or the leasehold estate created by this Lease, with any other estate or interest in the Premises, or any part thereof, by reason of the fact that the same person may acquire or own or hold, directly
or indirectly, (i) this Lease or the leasehold estate created by this Lease, or any interest in this Lease or in any such leasehold estate, and (ii) any such other estate or interest in the Premises or any part thereof; and no such merger
shall occur unless and until all persons having an interest (including a security interest) in (a) this Lease or the leasehold estate created by this Lease and (b) any such other estate or interest in the Premises, or any part thereof,
shall join in a written instrument effecting such merger and shall duly record the same. 
 20.20 Force Majeure 
 Notwithstanding anything to the contrary contained in this Lease, the time for performance of any obligation of Landlord or Tenant under this Lease shall
be excused during and extended by any period during which such party shall be prevented from performing such obligation by reason of Force Majeure, provided that lack of funds, bankruptcy or other financial difficulty shall not be deemed a Force
Majeure or excuse or extend the time for performance of any obligation by either party. However, Force Majeure shall not relieve either party from any obligations under this Lease. 
 27.21 OFAC Representation 
 Tenant represents and warrants that neither Tenant nor any individuals
and/or corporations, partnerships or entities owning twenty-five (25%) percent or more of the shares or other equity ownership interests of Tenant are now, or ever have been, named on (or now are or ever have been acting directly or indirectly
for or on behalf of any individual or entity named on) the list of “Specially Designated Nations and Blocked Persons” published by the Office of Foreign Assets Control of the United States Department of the Treasury or any such similar
list maintained by New York State, New York City or the Federal government. As used herein, the term “Blocked Person(s)” shall mean any person, group or entity or nation named in any Executive Order or by the United States Treasury
Department or any other state or Federal agency as a terrorist, or a “Special Designated National and 
  

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 Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule
or regulation that is enforced or administered by the Office of Foreign Assets Control or any other state or Federal agency. If Tenant is at any time listed or named as a Blocked Person or acts directly or indirectly for, or on behalf of, any
Blocked Person, such event shall constitute an Event of Default under this Lease without further notice or opportunity to cure and Landlord shall be entitled to exercise all rights and remedies of Landlord available to Landlord under this Lease in
the event of the occurrence of an Event of Default or at at law. 
 27.22 Counterparts 
 This Lease may be signed in one or more counterparts and each such counterpart shall be deemed to constitute one and the same instrument. 
 28. RENEWAL OPTION 
 28.1 Renewal Option 
 28.1.1 Subject to the Superior Rights (defined below), Tenant shall have an option (the “Renewal Option”) to extend the term of this
Lease for a single renewal term of five (5) years (the “Renewal Term”), which shall commence on the Expiration Date and shall expire on the fifth (5th) anniversary of the initial Expiration Date, or such earlier date upon which this Lease may be terminated or canceled in accordance with the provisions
of this Lease or by law. The Renewal Option may be exercised only by Tenant giving Landlord written notice (the “Renewal Notice”) of Tenant’s intention to renew this Lease pursuant to this Article 28 not later than fifteen
(15) months prior to the Expiration Date, and such Renewal Notice shall be deemed properly given and Tenant’s right to exercise the Renewal Option shall be effective only if, on the date that Tenant shall exercise the Renewal Option (the
“Exercise Date”): (i) this Lease shall not have been previously terminated or canceled, (ii) the Tenant initially named herein shall not have assigned all or any part of its interest in this Lease to any party other than a
Tenant Affiliate or pursuant to a Corporate Succession under Section 16.7 above and the Tenant initially named herein (or a Tenant Affiliate or successor under a permitted Corporate Succession) shall actually, physically occupy at least fifty
(50%) of the entire Premises, and (iii) no Event of Default shall exist under this Lease. Time shall be strictly of the essence with respect to the giving of the Renewal Notice by Tenant to Landlord. Notwithstanding anything to the
contrary contained in this Section 28.1, if, subsequent to the Exercise Date but prior to the commencement of the Renewal Term, any of the conditions set forth in the foregoing clauses (i) through (iii) shall cease to be true and
correct, then Landlord, in Landlord’s sole and absolute discretion, may elect, by written notice to Tenant, to void Tenant’s exercise of the Renewal Option, in which case Tenant’s exercise of the Renewal Option shall be of no force or
effect, and the Term shall end on the Expiration Date of the initial Term of this Lease, unless sooner canceled or terminated pursuant to the provisions of this Lease or by Law. Tenant acknowledges that the Renewal Option is a personal right of the
Tenant initially named herein and may not be assigned to or exercised by any other party except as otherwise expressly provided herein. 
 28.1.2 If Tenant shall exercise the Renewal Option in accordance with the provisions of this Article 28, then, subject to the Superior Rights, this Lease shall be extended for the Renewal Term upon all of the terms, covenants and conditions
contained in this Lease, except that: (i) during the Renewal Term, the annual Base Rent shall be the higher of (x) the annual fair market rental value (the “Market Value Rent”) of the Premises on the initial
Expiration Date, determined as provided in Section 28.2 below or (y) the Base Rent in effect for the last month of the initial Term on an annualized basis, (ii) Tenant shall pay Additional Rent during the Renewal Term in accordance
with the provisions of Article 
  

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 4 of this Lease, except that the Base Tax Year shall be the Tax Year ending on June 30 of the year in which the
initial Expiration Date shall occur and the Base Expense Year shall be the calendar year in which the Renewal Term shall commence, (iii) from and after the Exercise Date (but subject to the provisions of the penultimate sentence of
Section 28.1.1 above), all references to “Expiration Date” shall be deemed to refer to the last day of the Renewal Term, and all references to “Term” shall be deemed to include the Renewal Term, (iv) Tenant shall have
no further right or option to renew this Lease or the Term hereof, and (v) all provisions of this Lease concerning the performance by Landlord of any work, and the grant by Landlord of any monetary contribution, rent abatement or rent credit in
connection with Tenant’s initial occupancy of the Premises shall be deemed deleted and inapplicable to the leasing of the Premises during the Renewal Term.. 
 28.1.3 Tenant hereby acknowledges receipt of advice from Landlord that (x) Landlord and Fried, Frank, Harris, Shriver & Jacobson LLP (Fried, Frank, Harris, Shriver & Jacobson LLP and its
successors and assigns are hereinafter referred to as “Fried Frank”) are parties to a Modification and Restatement of Lease dated as of September 16, 1994 (such lease, as heretofore and hereafter amended, the “Fried
Frank Lease”) and (y) Landlord and Fried Frank entered into a Third Amendment to Modification and Restatement of Lease dated as of February 18, 2005 which grants to Fried Frank the right to lease the Premises upon the initial
Expiration Date or earlier termination of the Term of this Lease. For purposes of this Article 28, the term “Superior Rights” shall mean all rights of Fried Frank under the Fried Frank Lease to lease the Premises upon the initial
Expiration Date or earlier expiration or termination of the Term of this Lease, regardless of whether such right to lease the Premises is effected through the actual exercise of an express option set forth in the Fried Frank Lease or through a
separately negotiated lease amendment or new lease entered into between Landlord and Fried Frank. Upon Tenant’s request, Landlord shall advise Tenant as to whether a Superior Right to lease the Premises has been exercised. Landlord shall
endeavor to notify Tenant whether a Superior Right to lease the Premises has been exercised, but Landlord shall have no liability for the failure to so notify Tenant. 
 28.2 Determination of Market Value Rent 
 28.2.1 The term “Market Value Rent” shall
mean the annual fair market rental value as of the Determination Date (defined below) for a renewal lease for Premises for a five (5) year term assuming (i) the Base Tax Year and Base Expense Year will be as set forth above, (ii) the
Premises shall be demised as improved for Tenant’s use in its then current “as is” condition and (iii) all other relevant factors. For purposes hereof, the “Determination Date” shall mean the date which shall
occur six (6) months prior to the initial Expiration Date. 
 28.2.2 The initial determination of Market Value Rent shall be made by
Landlord. Landlord shall give notice (the “MVR Notice”) to Tenant of Landlord’s initial determination of the Market Value Rent not more than thirty (30) days following the Determination Date. Such initial determination of
Market Value Rent shall be final and binding in fixing the Market Value Rent, unless, within thirty (30) days after Landlord shall have given MVR Notice to Tenant, Landlord shall receive a notice from Tenant (the “MVR Objection
Notice”): (i) advising Landlord that Tenant disagrees with the initial determination of Market Value Rent set forth in the MVR Notice, and (ii) proposing a specific alternative Market Value Rent, which shall have been determined
in good faith by Tenant. If Landlord and Tenant shall fail to agree upon the Market Value Rent within thirty (30) days after Landlord shall have received the MVR Objection Notice, then Landlord and Tenant each shall give notice to the other
setting forth the name and address of an arbitrator designated by the party giving such notice. If either party shall fail to give notice of such designation within ten (10) Business Days, then the first arbitrator chosen shall make the
determination alone. If two arbitrators shall have been designated, such two arbitrators shall, within 
  

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 thirty (30) days following the designation of the second arbitrator, make their determinations of Market Value Rent
in writing and simultaneously give notice thereof to each other and to Landlord and Tenant at a time (which shall be not later than the thirtieth (30th) day after the designation of the second arbitrator (or the following Business Day, if such 30th day shall not fall on a Business Date) and place designated by Landlord and approved by Tenant, such approval not to be unreasonably withheld. If the lower Market Value Rent designated by
Landlord’s and Tenant’s arbitrators shall be less than the higher determination by five (5%) percent or less of the higher determination (i.e., shall be lower by an amount equal to 5% or less of the higher determination), then the
average of Landlord’s and Tenant’s determinations shall constitute the final Market Value Rent and shall be binding on Landlord and Tenant. If Landlord’s and Tenant’s arbitrator’s determinations shall be greater than five
(5%) apart, then such two arbitrators shall forthwith designate a third arbitrator. If the two arbitrators shall fail to agree upon the designation of such third arbitrator within ten (10) days, then either party may apply to the American
Arbitration Association or any successor thereto having jurisdiction for the designation of such arbitrator. All arbitrators shall be real estate appraisers or consultants who shall have had at least fifteen (15) years continuous experience in
the business of appraising or managing real estate or acting as real estate agents or brokers in midtown and/or lower Manhattan. The third arbitrator shall conduct such hearings and investigations as he may deem appropriate and shall, within thirty
(30) days after his designation, choose one of the determinations of the two arbitrators originally selected by the parties, and that choice by the third arbitrator shall be binding upon Landlord and Tenant. Each party shall pay its own counsel
fees and expenses, if any, in connection with any arbitration under this Article 28, including the expenses and fees of any arbitrator selected by it in accordance with the provisions of this Article, and the parties shall share equally all other
expenses and fees of any such arbitration. The determination rendered in accordance with the provisions of this Section 28.3 shall be final and binding in fixing the Market Value Rent. The arbitrators shall not have the power to add to, modify
or change any of the provisions of this Lease. 
 28.2.3 If for any reason the Market Value Rent shall not have been determined prior to the
commencement of the Renewal Term, then, until the Market Value Rent and, accordingly, the Base Rent, shall have been finally determined, the Rent payable during the Renewal Term shall be equal to the average of the Fair Market Value Rents proposed
by Landlord and Tenant. Upon final determination of the Market Value Rent, an appropriate adjustment to the Rent shall be made reflecting such final determination, and Landlord or Tenant, as the case may be, shall pay or credit to the other any
overpayment or deficiency, as the case may be, in the payment of Rent from the commencement of the Renewal Term to the date of such final determination. 
 29. INTENTIONALLY DELETED 
 30. LOWER MANHATTAN PLAN 
 30.1 Definitions. 
 For purposes of this Article, unless otherwise defined in the Lease, all terms
used herein shall have the meanings ascribed to them in Title 4 of Article 4 of the New York Real Property Tax Law (“Title Four”). The real estate tax abatements provided for in Title Four are herein called “Title Four
Benefits”. Title Four is administered by the New York City Department of Finance (the “Department”). The term “Title Four Premises” means the Premises. 
  

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 30.2 Actual Title Four Benefits. 
 In accordance with Title Four and notwithstanding anything to the contrary contained in this Lease, if any Title Four Benefits are granted for the Title Four Premises and actually received by Landlord (“Actual
Title Four Benefits”), Landlord shall allow Tenant a credit against the Rent payable by Tenant hereunder in respect of the Title Four Premises in an amount equal to the full amount of such Actual Title Four Benefits. Landlord shall, within
30 days after its receipt (by actual receipt or credit against or reduction in real estate taxes payable, in which event the same shall be deemed received by Landlord as of the latest date on which the real estate taxes are payable by Landlord
without penalty or interest) of any Actual Title Four Benefits, credit the full amount thereof against the next installment(s) of Rent in respect of the Title Four Premises becoming due hereunder. Landlord makes no representation or warranty as to
the amount, if any, of Actual Title Four Benefits that will be received by Landlord. 
 30.3 Abatement Application; Certificates of Continuing
Eligibility. 
 (a) Tenant shall prepare an application for a certificate of abatement in accordance with Section 499-d of Title Four
(the “Abatement Application”) and Landlord, upon Tenant’s reasonable advance request and at Tenant’s expense, shall (1) furnish such information known to Landlord as is required for the Abatement Application and
(2) join Tenant in executing the Abatement Application and filing it with the Department. Landlord, upon Tenant’s reasonable advance request and at Tenant’s expense, shall prepare, execute and file, together the Abatement Application,
the affidavit required by Section 499-c(7) of Title Four. Tenant shall prepare such other documents as are required by Section 499-d of Title Four and Landlord, upon Tenant’s reasonable advance request and at Tenant’s expense,
shall (A) furnish such information known to Landlord as is required for any such other document and (B) join Tenant in executing such other document and filing it with the Department. 
 (b) For so long as Tenant continues to be eligible for Title Four Benefits with respect to the Title Four Premises, Tenant shall prepare annual
certificates of continuing eligibility in accordance with Section 499-f of Title Four (each herein called a “Certificate of Continuing Eligibility”) and Landlord, upon Tenant’s reasonable advance request and at
Tenant’s expense, shall (1) furnish such information known to Landlord as is required for any Certificate of Continuing Eligibility and (2) join Tenant in executing any Certificate of Continuing Eligibility and filing it with the
Department. 
 (c) Landlord shall, upon Tenant’s reasonable advance request and at Tenant’s expense, otherwise reasonably cooperate
with Tenant in the preparation, execution and filing of any other applications, affidavits, certificates and other documents required by Title Four or the Department and otherwise in the compliance with the provisions and requirements of Title Four.

 (d) Each of Landlord and Tenant shall promptly furnish to the other copies of all notices, demands, bills or other communications received
by such party from the Department or from any other governmental agency relative to the granting, denial or revocation of, or the amount of, any Title Four Benefits with respect to the Title Four Premises. 
 (e) Tenant shall, within 30 days after Landlord’s demand, pay to Landlord, as Additional Rent, the amount of any reasonable out-of-pocket costs
incurred by Landlord in connection with the performance of Landlord’s obligations pursuant to this Article 30, including, without limitation, the amount of any administrative charges or fees imposed by the Department. 
  

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 30.4 Compliance with Title Four. 
 (a) For so long as Tenant continues to be eligible for Title Four Benefits with respect to the Title Four Premises, Landlord agrees to comply with the provisions and requirements of Title Four as same relate to the
Title Four Premises; provided, however, that Tenant shall, within 30 days of Landlord’s demand, promptly pay to Landlord, as Additional Rent, the amount of any reasonable out-of-pocket costs incurred by Landlord in connection with such
compliance, including, without limitation, the amount of any administrative charges or fees imposed by the Department. 
 (b) Tenant shall
indemnify and hold harmless Landlord, all lessors under underlying or ground leases and all mortgagees and, with respect to each of the foregoing, their respective partners, directors, officers, principals, members, shareholders, agents and
employees from and against any and all claims by the Department or any other governmental or quasi-governmental agency arising from or in connection with any failure by Tenant to comply with the provisions and requirements of Title Four as same
relate to the Title Four Premises, together with all costs, expenses and liabilities incurred in connection with each such claim or action or proceeding brought thereon, including, without limitation, all reasonable attorneys’ fees and
expenses. 
 30.5 Payment of Real Estate Taxes and Water and Sewer Charges 
 Landlord covenants and agrees that (i) Landlord shall, before the date on which its failure to do so would result in the revocation of benefits under
Section 499-f(4) of Title Four, pay all real estate taxes, water and sewer charges and other lienable charges that become due and payable during the period for which Tenant is entitled to receive Title Four Benefits and (ii) there shall be
no real estate taxes, water and sewer charges or other lienable charges due and owing with respect to the Land or the Building on the date the Abatement Application is filed with the Department or other date to which Section 499-c(6)(c) is
applicable, unless such real property taxes or charges are being paid in timely installments pursuant to a written agreement with the Department or other appropriate agency. 
 30.6 Revocation of Title Four Benefits 
 Tenant shall notify Landlord of any vacation or subletting of
the Premises or any portion thereof, or any assignment of Tenant’s interest in this Lease, which would result in the revocation of any abatement or other benefits, or any portion thereof, granted pursuant to the Title Four Benefits. Tenant
shall, within 15 days after Landlord’s demand, pay to Landlord, as Rent, the amount of all or any portion of the Actual Title Four Benefits that have been credited against Rent under the Lease, and which are thereafter revoked (including,
without limitation, if such Actual Title Four Benefits are revoked due to the exercise by Tenant of its right to assign or sublease, but excluding any such Actual Title Four Benefits which are revoked due to any failure by Landlord to comply with
its obligations pursuant to this Article 30) together with any interest and/or penalties imposed against Landlord in connection with such Actual Title Four Benefits. 
 30.7 Required Provisions 
 (a) The provisions of this Section 30.7 are included in compliance
with the requirements of Section 499-c(5) of Title Four. 
 (b) Section 499-a(8) of Title Four provides that, for purposes of Title
Four, each condominium unit shall be considered a separate building. Accordingly, for purposes of Title Four, the Tenant’s percentage share relative to the Title Four Premises (which corresponds to condominium unit Lot 33) is 100% of
condominium unit Lot 33. 
  

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 (c) Landlord hereby informs Tenant: 
 (1) an application for abatement of real property taxes pursuant to Title 4 of Article 4 of the New York Real Property Tax Law will be made for the Title
Four Premises in accordance with Section 30.3(a) above; 
 (2) the rent, including amounts payable by Tenant for real property taxes,
will accurately reflect any abatement of real property taxes granted pursuant to Title 4 of Article 4 of the New York Real Property Tax Law for the Title Four Premises; 
 (3) at least $35 per square foot must be spent on improvements to the Title Four Premises and the common areas; and 
 (4) all abatements granted with respect to the Title Four Premises pursuant to Title 4 of Article 4 of the New York Real Property Tax Law will be revoked if, during the Benefit Period, real estate taxes or water or
sewer charges or other lienable charges are unpaid for more than one year, unless such delinquent amounts are paid as provided in subdivision four of section four hundred ninety-nine-f of Title 4 of the New York Real Property Tax Law. 
 30.8 Tenant’s Liability 
 Tenant acknowledges
that the application described in Section 30.7(c) and the expenditures described in Section 30.7(c)(3) shall, in each case, be made by Tenant. Tenant shall indemnify and hold harmless Landlord, all lessors under underlying or ground leases
and all mortgagees and, with respect to each of the foregoing, their respective partners, directors, officers, principals, members, shareholders, agents and employees from and against any and all claims, losses, liabilities and actions incurred by
such indemnified party arising from or in connection with Tenant’s failure to comply with the requirements set forth in Section 30.7 above, together with all costs, expenses and liabilities incurred in connection with each such claim,
loss, liability or action or proceeding brought thereon, including, without limitation, all reasonable attorneys’ fees and expenses, but such indemnity shall only apply if such claim, loss, liability or action is in connection with, arises from
or is in any way related to Tenant’s application for Title Four Benefits or any Title Four Benefits issued to Tenant. 
 [CONTINUED ON
FOLLOWING PAGE] 
  

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 Having read and intending to be bound by the terms and provisions of this Lease, Landlord and Tenant have
signed it as of the Date. 
  

			
	TRIZECHAHN ONE NY PLAZA LLC
		
	 By:
	 	  

		 	Carol A. Meyer, Assistant Secretary
		
	By:	 	  

		 	Douglas Winshall, Executive Vice President
	
	LEARNING TREE INTERNATIONAL USA, INC.
		
	By:	 	  

		 	Printed Name :
		 	Title:
	
	Tenant’s Federal ID #

  

 73 

			
	 STATE OF                                    
             )

		 	                                       
                             )ss.:
	 COUNTY OF                                    
         )

 On the      day of
                    , in the year 2006, before me, the undersigned, a Notary Public in and for said State, personally appeared
                                        ,
personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she they executed the same in his/her/their capacity(ies),
and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. 
  

	
	  

	Notary Public

  

 74 

 EXHIBIT A 
 PLAN DELINEATING THE PREMISES 
 The location and dimensions of walls, partitions, columns, stairs and
openings are approximate and subject to revisions due to mechanical work, job conditions, and requirements of governmental departments and authorities, If the space as actually partitioned shall differ in any de minimis respect from this sketch, the
actual area as partitioned shall in all events control. No such resulting deviation or discrepancy shall affect the rent or Tenant’s obligations under this Lease. 
 

 
  

 A-1 

 EXHIBIT B 
 LANDLORD’S CONTRIBUTION; LANDLORD’S WORK 
 1. Conflicts; Terms. If there is any conflict or
inconsistency between the provisions of the Lease and the provisions of this Exhibit B, the provisions of this Exhibit B shall control. Except for those terms expressly defined in this Exhibit B, all initially capitalized terms shall have the
meanings stated for such terms in the Lease. 
 2. Landlord’s Work Allowance. 
 A. Subject to the terms and conditions hereinafter set forth, Landlord shall provide a construction allowance (“Landlord’s
Contribution”) to reimburse Tenant for Tenant’s cost of preparing the Premises for Tenant’s occupancy thereof during the Term (“Tenant’s Work”), in an aggregate amount not to exceed One Million Eight Hundred
Seventy-seven Thousand Five Hundred Eighty and 00/100 ($1,877,580.00) Dollars. Landlord shall fund the portion of Landlord’s Contribution from time to time being requisitioned by Tenant in the manner set forth in Section 2B below, but only
if all of the following conditions shall have been satisfied: 
 (i) Tenant shall not be in default of any of the terms, covenants or
conditions to be performed or observed by Tenant under this Lease (it being agreed that Landlord shall give Tenant notice of any such default and Tenant shall be entitled to receive such portion of Landlord’s Contribution in accordance with the
provisions of this Exhibit B after curing such default); 
 (ii) Tenant shall have obtained, and at all times during the construction period
shall maintain, all necessary and appropriate permits, licenses, authorizations and approvals from all governmental authorities having or asserting jurisdiction in connection with such construction, and shall have delivered true copies thereof to
Landlord; and 
 (iii) Tenant shall have delivered to Landlord, for approval by Landlord: (x) a completed requisition for payment (in
form issued by the American Institute of Architects), certified and sworn to by Tenant’s architect stating or accompanied by: (1) the amount being requested, (2) receipted invoices for all labor and materials performed as part of
Tenant’s Work to date, (3) to the best of such architect’s knowledge, the amount of Landlord’s Contribution previously paid to Tenant, (4) the value of labor and materials theretofore performed and incorporated in the
Premises and the aggregate value of the entire Tenant’s Work to be performed, and (5) that the work completed to date has been performed in good and workmanlike manner in accordance with the plans and specifications approved by Landlord in
all material respects and in compliance with all Laws; and (y) waivers of lien (which may be partial if Tenant’s Work shall not have been finally completed, provided that the waivers of lien shall cover the amount of all sums then being
and theretofore requisitioned and the value of all work theretofore performed less any retainage) from all contractors, subcontractors and materialmen who shall have furnished materials or supplies or performed work or services in connection with
Tenant’s Work. 
 B. Within thirty (30) days after Tenant shall have complied with all of the conditions set forth in the foregoing
Section 2A, Landlord shall pay to Tenant an amount equal to that portion of Landlord’s Contribution which shall equal, on a percentage basis, that portion of Tenant’s Work then completed in accordance with the provisions hereof, as
certified by Tenant’s architect, less all amounts of Landlord’s Contribution previously disbursed, provided, however, that Landlord shall not be required to 
  

 B-1 

 make more than one (1) payment per calendar month. Landlord shall have the right to retain ten (10%) percent of
every requisition of Landlord’s Contribution until: (i) all of Tenant’s Work shall have been finally completed, (ii) waivers of lien from all contractors, subcontractors and materialmen who shall have furnished materials or
supplies or performed work or services in connection with Tenant’s Work shall have been delivered to Landlord, (iii) all governmental authorities having or asserting jurisdiction (including the New York City Department of Buildings) shall
have issued final approvals of Tenant’s Work and true copies thereof shall have been delivered to Landlord, and (iv) Tenant shall have delivered to Landlord “as built” drawings with respect to Tenant’s Work. 
 C. Landlord’s obligation to pay Landlord’s Contribution shall only apply to that part of Tenant’s Work consisting of the installation of
walls, partitions, columns, fixtures, improvements and appurtenances permanently attached to or built into the Premises, including the following: mechanical systems, flooring, wall coverings, ceilings, duct work, electrical wiring, plumbing,
millwork and supplemental air conditioning systems (if any), affixed carpeting and other floor coverings, but shall not include business and trade fixtures, machinery, equipment or other articles of personal property, professional fees and/or
so-called “soft costs”; provided however, that Tenant may apply any unused portion of Landlord’s Contribution, up to a maximum of ten (10%) percent of Landlord’s Contribution, remaining after Tenant shall have satisfied all
of the conditions set forth in clauses (i) through (iii) Subsection 2B above against Tenant’s moving costs, permit and filing fees and architect’s and engineer’s professional fees incurred in connection with the performance
of Tenant’s Work. 
 D. Landlord shall have no obligation to pay all or any portion of Landlord’s Contribution to Tenant at any
time after the second (2nd) anniversary of the Commencement Date, except any portion of Landlord’s
Contribution that shall remain unpaid but that shall have become due and payable on or prior to the second (2nd) anniversary of the Commencement Date. Tenant hereby waives any and all rights to claim or receive all or any portion of Landlord’s Contribution that shall not have become due and payable to Tenant on or before the second
(2nd) anniversary of the Commencement Date. 
 3. Landlord’s Work 
 A. Landlord and Tenant acknowledge that Landlord has performed the following
work with respect to the Premises (“Landlord’s Pre-Commencement Date Work”): 
 (i) demolish all interior partitioning,
mechanical distribution ducts, sprinkler distribution system electrical distribution system (other than meter equipment), lighting and plumbing systems, floor coverings and suspending ceiling now existing in the Premises and broom clean the
Premises; 
 (ii) ensure that the Class E panel contains a sufficient number of connection points that are accessible and available to the
Premises; 
 (iii) ensure that a connection point to the Building’s standpipe riser is available and accessible to the Premises for
Tenant’s sprinkler loop connection; and 
 Within three (3) Business Days after the Commencement Date, Tenant shall have the right
to deliver to Landlord a statement setting forth in detail all Punch List Items, if any. Except for those items specifically listed in such statement given to Landlord within said 3 business day period after the Commencement Date, Tenant shall be
deemed to have accepted possession of the Premises in “as is” condition. Landlord shall use reasonable efforts to complete all Punch List Items within a reasonable 
  

 B-2 

 period after Tenant shall have delivered to Landlord Tenant’s list of Punch List Items. For purposes of this Exhibit
B, “Punch List Items” shall mean minor or insubstantial elements of Landlord’s Pre-Commencement Work that shall not have been substantially completed. 
 In addition to Landlord’s Pre-Commencement Work, Landlord shall promptly deliver a Form ACP-5 to Tenant with respect to Tenant’s Plans for
Tenant’s Work. 
 B. Landlord shall perform the following work in the Premises after the Commencement Date, in coordination with the
performance of Tenant’s Work, and accordance with good construction scheduling practices (“Landlord’s Post-Commencement Work”): 
 (i) Clean and repair (if necessary) perimeter grilles and convector covers in the Premises and replace any missing grilles or convector covers. 
 4. Landlord’s Base Building Work 
 Landlord shall perform the following work on the floor on
which the Premises is located: 
 Renovate the base Building rest rooms on the floor on which the Premises is located by installing new
fixtures, ceiling and cosmetic renovations selected by Landlord. Landlord shall perform such work in compliance with the Americans with Disabilities Act of 1990, to the extent the same shall be commercially feasible, as reasonably determined by
Landlord. 
 5. Freight Elevator For Move In 
 Landlord shall permit Tenant to use a freight elevator on a reserved basis after business hours for up to ten (10) hours at no charge to Tenant for Tenant’s initial move into the Premises, subject to Landlord’s rules and
regulations governing use of the Building’s freight elevators. 
  

 B-3 

 EXHIBIT C 
 INTENTIONALLY DELETED 
  

 C-1 

 EXHIBIT D 
 RULES AND REGULATIONS 
 1. The rights of tenants in the entrances, corridors, elevators and
escalators of the Building are limited to ingress to and egress from the tenants’ premises for the tenants and their employees, licensees and invitees, and no tenant shall use, or permit the use of, the entrances, corridors, escalators or
elevators for any other purpose. All deliveries and shipments of goods and packages shall be through the freight elevators and not the passenger elevators. No tenant shall invite to the tenant’s premises, or permit the visit of, persons in such
numbers or under such conditions as to unreasonably interfere with the use and enjoyment of any of the plazas, entrances, corridors, escalators, elevators and other facilities of the Building as a first class office building by other tenants. Fire
exits and stairways are for emergency use only, and they shall not be used for any other purpose by the tenants, their employees, licensees or invitees. No tenant shall encumber or obstruct, or permit the encumbrance or obstruction of any of the
lobbies, sidewalks, plazas, entrances, corridors, escalators, elevators, fire exits, stairways or other public portions of the Building. Landlord reserves the right to control and operate the public portions of the Building and the public
facilities, as well as facilities furnished for the common use of the tenants, in such manner as it deems best for the benefit of the tenants generally. 
 2. Landlord may refuse admission to the Building any person not having a pass issued by Landlord or not properly identified, and may require all persons admitted to or leaving the Building to register. Subject to the
foregoing, Tenant’s employees, agents and visitors shall be permitted to enter and leave the Building whenever appropriate arrangements have been previously made between Landlord and Tenant with respect thereto. Each tenant shall be responsible
for all persons for whom he requests such permission and shall be liable to Landlord for all acts of such persons. Any person whose presence in the Building at any time shall, in the judgment of Landlord, be prejudicial to the safety, character,
reputation and interests of the Building or its tenants may be denied access to the Building or may be ejected therefrom. In case of invasion, riot, public excitement or other commotion, Landlord may prevent all access to the Building during the
continuance of the same, by closing the doors or otherwise, for the safety of the tenants and protection of property in the Building. Landlord may require any person leaving the Building with any package or other object to exhibit a pass from the
tenant from whose premises the package or object is being removed, but the establishment and enforcement of such requirement shall not impose any responsibility on Landlord for the protection of any tenant against the removal of property from the
premises of the tenant. Landlord shall in no way be liable to any tenant for damages or loss arising from the admission, exclusion or ejection of any person to or from the tenant’s premises or the Building under or despite the provisions of
this rule. On days and hours other than those during which full elevator service is required to be provided, Landlord may lock all outside Building doors and require use of a night bell to summon a watchman from his other duties in order to gain
access. 
 3. No awnings or other projections over or around the windows shall be installed by any tenant, and only such window blinds or
drapes as are supplied or permitted by Landlord shall be used in a tenant’s premises. No tenant shall place objects on the windowsills which are visible from outside of the Building. 
 4. There shall not be used in any space, or in the public halls of the Building, either by Tenant or by jobbers or others, in the delivery or receipt of
merchandise, any hand trucks, except those equipped with rubber tires and side guards. 
 5. All entrance doors in each tenant’s
premises shall be left locked when the tenant’s premises are not in use. Entrance doors shall not be left open at any time. All windows in each tenant’s premises shall be kept closed at all times and all blinds and/or drapes therein above
the ground floor shall be lowered and kept drawn when and as reasonably required because of the position of the sun, during the operation of the Building air conditioning system to cool or ventilate the tenants’ premises. 
  

 D-1 

 6. No noise, including the playing of any musical instruments, radio or television, which, in the
judgment of Landlord, might disturb other tenants in the Building shall be made or permitted by any tenant. Nothing shall be done or permitted in any tenant’s premises, and nothing shall be brought into or kept in any tenant’s premises,
which would impair or interfere with any of the Building services or the proper and economic heating, cleaning or other servicing of the Building or the premises, or the use or enjoyment by any other tenant of any other premises, nor shall there be
installed by any tenant any ventilating, air conditioning, electrical or other equipment of any kind which, in the judgment of Landlord, might cause any such impairment or interference. No dangerous, inflammable, combustible or explosive object or
material shall be brought into the Building by any tenant or with the permission of any tenant. 
 7. Tenant shall not permit any cooking
within the Premises (unless consented to in writing by Landlord), but the foregoing shall not prohibit the installation of toasters and microwaves in pantries in accordance with the provisions of the Lease, and shall not permit any food odors
emanating within the Premises to seep into other portions of the Building. In the event that Landlord shall consent to any cooking or installation of kitchen equipment in the Premises, Tenant shall operate its dining room and kitchen equipment, if
any, in a manner that shall prevent odors and smoke from escaping into areas of the Building outside the Premises, and shall, at its expense, (i) install and maintain appropriate filters and grease traps to prevent accumulation of grease in any
duct, stack or flue used to exhaust fumes and vapors resulting from such food preparation and to prevent stopping up of the sewerage ejecting system of the Building if any of same are necessary or are required by any governmental authority,
(ii) keep all range hoods and ducts therefrom, if any, clean and free of grease at all times so as to avoid fire hazard, and (iii) clean out the vertical exhaust flue and duct, if any, at least once a year, or more frequently as conditions
require. The discharge of any fumes, vapors and odors, which, by Laws, must be discharged into a separate stack or flue, shall not be permitted unless Tenant, at its expense, shall provide for such discharge in a proper manner. Tenant shall not
install vending machines in the Premises except for use by Tenant’s employees and business invitees. 
 8. No acids, vapors or other
materials shall be discharged or permitted to be discharged into the waste lines, vents or flues of the Building which may damage them. The water and wash closets and other plumbing fixtures in or serving any tenant’s premises shall not be used
for any purpose other than the purpose for which they were designed or constructed, and no sweepings, rubbish, rags, acids or other foreign substances shall be deposited therein. All damages resulting from any misuse of the fixtures shall be borne
by the tenant who or whose servants, employees, agents, visitors or licensees, shall have caused the same. 
 9. Except as expressly provided
in the Lease, no sign, advertisement, notice or other lettering shall be exhibited, inscribed, painted or affixed by Tenant on any part of the outside or inside of the Premises or the Building without the prior written consent of Landlord. In the
event of the violation of the foregoing by Tenant, Landlord may remove the same without any liability, and may charge the expense incurred by such removal to the tenant or tenants violating this rule. Common corridor directional signs may, at the
option of Landlord, be inscribed, painted or affixed for each tenant by Landlord at the expense of such tenant, and shall be of a size, color and style acceptable to Landlord. Landlord shall have the right to prohibit any advertising by any tenant
which impairs the reputation of the Building or its desirability as a building for offices, and upon written notice from Landlord, Tenant shall refrain from or discontinue such advertising. 
  

 D-2 

 10. Duplicate keys for a tenant’s premises and toilet rooms shall be procured only from the
Landlord, which may make a reasonable charge therefor. Upon the termination of a tenant’s lease, all keys to the tenant’s premises and toilet rooms shall be delivered to the Landlord. 
 11. No tenant shall deface any part of the Building or the premises demised to such tenant. Nor boring, cutting or stringing of wires shall be permitted,
except with the prior written consent of Landlord, and as Landlord may direct. 
 12. No tenant shall use or occupy, or permit any portion of
the premises demised to such tenant to be used or occupied, as an office for a public stenographer or typist, or as a barber or manicure shop or as an employment bureau or for any mail order business. No premises shall be used, or permitted to be
used, at any time, as a store for the sale or display of goods, wares or merchandise of any kind, or as a restaurant, shop, booth, bootblack or other stand, or for the conduct of any business or occupation which predominantly involves direct
patronage of the general public in the premises demised to such tenant, or for manufacturing or for other similar purposes. 
 13. The
requirements of tenants shall be attended to only through the Building office or in other such other manner designated by Landlord. Employees of Landlord shall not perform any work or do anything under the direction of any tenant or outside of their
regular duties, unless under express written instructions from the Landlord. 
 14. Each tenant shall, at its expense, provide artificial
light in the premises demised to such tenant for Landlord’s agents, contractors and employees while performing janitorial or other cleaning services and making repairs or alterations in said premises. 
 15. Tenant’s employees shall not loiter around the hallways, stairways, elevators, front, roof or any other part of the Building used in common by
the occupants thereof. 
 16. If the premises demised to any tenant become infested with vermin, such tenant, at its sole cost and expense,
shall cause its premises to be exterminated, from time to time, to the satisfaction of Landlord, and shall employ such exterminators therefor as shall be approved by Landlord. Landlord reserves the right to require that the exterminators generally
employed in the Building be employed, so long as their charges are reasonable. 
 17. Any cuspidors or similar containers or receptacles used
in any tenant’s premises shall be cared for and cleaned by and at the expense of the tenant. 
 18. Tenant shall not place a load upon
any floor of the Premises which exceeds the load per square foot which such floor was designed to carry and which is allowed by law. 
 19.
Business machines and mechanical equipment of Tenant which cause noise, vibration or any other nuisance that may be transmitted to the structure or other portions of the Building or to the Premises, to such a degree as to be objectionable to
Landlord or which interfere with the use or enjoyment by other tenants of their premises or the public portions of the Building, shall be placed and maintained by Tenant at Tenant’s sole cost and expense, in settings of cork, rubber or spring
type vibration eliminators sufficient to eliminate noise or vibration to the satisfaction of Landlord. 
 20. Landlord shall, at the request
of Tenant, maintain Tenant’s pro-rata share of listings in or on the Building directory of the name of Tenant and of any other person or entity lawfully in possession of the premises or any part thereof. The listing of any name other than that
of Tenant, whether on the doors of the premises, on the Building directory, or otherwise, shall not operate to vest any right or interest in 
  

 D-3 

 this Lease or in the premises or be deemed to be the written consent of Landlord under the provisions of Article 16 of
the Lease, it being expressly understood that any such listing is a privilege extended by Landlord revocable at shall by written notice to Tenant. 
 21. Tenant shall not move any safe, heavy equipment or bulky matter in or out of the Building without Landlord’s written consent. If the movement of such items requires special handling, Tenant shall employ only persons holding a
Master Rigger’s License to do said work, and all such work shall be done in full compliance with the Administrative Code of the City of New York and other municipal requirements. All such movements shall be made during hours which shall least
interfere with the normal operations of the Building, and all damage caused by such movement shall be promptly repaired by Tenant at Tenant’s expense. 
 22. All moving, shipping and receiving of Tenant’s property shall be through the freight or service elevator only, and at such times and in such a manner as Landlord shall designate for the proper operation of
the Building and in a manner consistent with the standards of first class office buildings in Manhattan. If Tenant’s use of such elevator is after regular hours, or in such a manner that requires the supervision of Landlord’s employees (of
which fact Landlord shall be the sole judge), Tenant shall pay to Landlord the cost of furnishing such after hour service and/or supervision. 
  

 D-4 

 EXHIBIT E 
 LAND DESCRIPTION 
 All that certain lot, piece or parcel of land situate, lying and being in the
Borough of Manhattan City, County and State of New York, bounded and described as follows: 
 BEGINNING at the corner formed by the intersection of the
easterly side of Whitehall Street and the southerly side of Water Street, as said streets are shown on Map No. Access 29884, dated April 19, 1966 and adopted by the Board of Estimate of The City of New York on June 23, 1996; 
 THENCE easterly, along the said southerly side of Water Street, 342 feet to the corner formed by the intersection of the said southerly side of Water Street and the
westerly side of Broad Street, as shown on the aforesaid map; 
 THENCE southerly, along the said westerly side of Broad
Street, 93 feet 6 5/8 inches to a point; 
 THENCE again southerly and continuing along the said westerly side of Broad Street, 45 feet 1 1/2 inches; 
 THENCE again southerly, still continuing along the said westerly side of Broad Street, 223 feet 7 inches to the corner formed by the intersection of the said westerly side of Broad Street and the northerly side of South Street, as shown on
the map; 
 THENCE westerly, along the said northerly side of South Street, 333 feet 8 3/8 inches to the corner formed by the intersection of the said northerly side of South Street with the easterly side of Whitehall Street, as shown on the aforesaid map;

 THENCE northerly, along the said easterly side of Whitehall Street, as shown on the aforesaid map, 219 feet 10 inches to a point; 
 THENCE again northerly and continuing along the said easterly side of Whitehall Street, 70 feet 8 1/4 inches to the corner formed by the intersection of the said easterly side of Whitehall Street and the southerly side of Water Street, the pint or place of BEGINNING.

  

 E-1 

 EXHIBIT F 
 LETTER OF CREDIT 
  

	NO.            	    Date                     
        Irrevocable Letter of Credit 

 BENEFICIARY 
 TRIZECHAHN ONE NY PLAZA LLC 
 c/o
Trizec Holdings, LLC 
 1114 Avenue of the Americas, 31st Floor 
 New York, New York 10036

 Attention: Regional Counsel 
 Dear Sir(s), 
 At the request of our
applicant,             , we hereby issue our irrevocable letter of credit number              for your benefit in
the maximum amount of $            . 
 Drawings are available by your drafts at sight.
Partial drawings are permitted. 
 This Letter of Credit may be transferred to any transferee of the interest of the landlord under the lease between
TrizecHahn One NY Plaza LLC, as landlord, and                             , as tenant. All transfer
fees shall be for the account of our applicant. 
 It is a condition of this Letter of Credit that it shall be deemed to be automatically extended for a
period of one year from the present or any future expiration date, unless we shall notify you by written notice given by certified or registered mail, return receipt requested, or by reputable overnight courier with receipt acknowledged at least 60
days prior to such expiration date that we elect not to renew it for such additional period, in which case you shall have the right to draw on us the full amount of this Letter of Credit by your sight draft, accompanied by your signed written
statement that you are drawing under Letter of Credit #             because you have received notice of non-renewal from us, and the accountee is still obligated to you under the
above-referenced lease. 
 All drafts drawn under this Credit must bear on their face the clause “Drawn under Letter of Credit No.
            ”. 
 Except so far as otherwise expressly stated, this credit is subject
to the Uniform Customs and Practice for Documentary Credits (1993 Revision) International Chamber of Commerce, Publication No. 400. 
  

 F-1 

 EXHIBIT G 
 HVAC SPECIFICATIONS 
 The base Building HVAC system is designed to perform in accordance with the
following specifications: 
  

					
	 	  	 Outdoor
	  	 Indoor

	 Winter
	  	5° F	  	70°F +/-2°F
	 Summer
	  	95°F dry bulb/74°F wet bulb	  	75°F dry bulb +/-2°F

 The foregoing cooling capacities are based on: 
  

			
	Population:	  	Not more than 1 person per 150 usable square feet
		
	Lighting and Utility Power:	  	Actual load of not more than 5 watts per usable square foot

  

 G-1 

 EXHIBIT H 
 CLEANING SPECIFICATIONS 
 General (Tenant Areas - performed at night) 
 Monday - Friday (Excluding Holidays) 
  

	1.	Non-Carpeted Floors 

 Sweep, once per night
using a chemically treated cloth. 
  

	2.	Carpeted Floors 

 Remove litter, four
nights per week and vacuum, once per week. 
  

	3.	Waste Baskets 

  

	 	•	 	Tenant is responsible to separate recyclable waste. 

  

	 	•	 	Empty once per night. 

  

	 	•	 	Change plastic liner once per week at night (landlord to furnish liners). 

  

	4.	Telephones 

 Damp wipe, once per night.

  

	5.	Ash Trays and Cigarette Urns 

 Empty and
damp wipe, once per night. 
  

	6.	Water Fountains 

 Wash and polish, once per
night. 
  

	7.	Base Building Service Closets 

 Wash, once
per night and keep free of debris at all times. 
  

	8.	Furniture and Fixtures 

 Dust non-fabric
surfaces, once per night. Papers on desk shall not be disturbed. 
  

	9.	Window Sills 

 Dust, one per week.

  

	10.	Chair Rails 

 Dust, once per week.

  

	11.	Baseboards 

 Dust, once per week.

  

	12.	Tiled Areas Facing Elevators/Public Corridors 

 Damp mop, once per week. 
  

	13.	Tiled Reception Areas 

 Damp mop, once per
week. 
  

 H-1 

	14.	Pictures, Picture Frames 

 Dust, once per
month. 
  

	15.	Venetian Blinds 

 Dust, once every three
(3) months. 
  

	16.	Ventilation Louvers 

 Dust exterior only,
twice per annum/six-month intervals. 
  

	17.	Lighting Fixtures 

 Dust exterior only,
twice per annum/six-month intervals. 
  

	18.	High Dusting 

 Perform, twice per
annum/six-month intervals. 
  

	19.	Window Cleaning 

  

	 	•	 	Inside surface of exterior windows to be cleaned quarterly. 

  

	 	•	 	Exterior surface of exterior windows to be cleaned quarterly (weather permitting). 

 Lavatories (Base Building - performed at night) 
 Monday-Friday (Excluding Holidays) 

 

	20.	Floors 

  

	 	•	 	Sweep, once per night. 

  

	 	•	 	Remove all foreign material (i.e. gum, tar, etc.), once per night. 

  

	 	•	 	Wet mop with disinfectant, once per night. 

  

	 	•	 	Machine scrub floors, once per month. 

  

	21.	Mirrors, Counter Tops, Bright Work 

 Clean
and polish, once per night. 
  

	22.	Faucets, Flushometers, Plumbing 

 Clean and
polish, once per night. 
  

	23.	Basins, Bowls, Urinals 

 Wash and scour,
once per night using a non-caustic, strong disinfectant. 
  

	24.	Toilet Seats 

 Wash and scour (both sides),
once per night using a non-caustic, strong disinfectant. 
  

	25.	Partitions 

 Disinfect and damp wipe, once
per night. 
 Wash and scour, once per week using a non-caustic, strong disinfectant. 
  

	26.	Tile Walls (without urinals) 

 Wash and
scour, once per month using a non-caustic, strong disinfectant. 
  

	27.	Tile Walls (with urinals) 

 Disinfect and
damp wipe, once per night. 
 Wash and scour, once per week using a non-caustic, strong disinfectant. 
  

 H-2 

	28.	Soap and Towel Dispensers 

 Clean and
polish, once per night. 
  

	29.	Waste Receptacles 

 Empty, once per night.

 Replace liners, once per week (Landlord to furnish liners). 
  

	30.	Supplies 

 Replenish all lavatory supplies,
once per night (Landlord to furnish supplies). 
  

 H-3 

 EXHIBIT I 
 FORM OF 
 SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT 
 SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT 
 THIS SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT (this “Agreement”) made as of the      day
of              200  , by and among
                     (“Lender”) and
                            , having an address at
                                        
(“Tenant”). 
 WITNESSETH: 
 WHEREAS, Lender is the mortgagee or beneficiary under a mortgage or deed of trust (the “Mortgage”) dated
                     made by TrizecHahn One NY Plaza LLC (“Landlord”) to Lender covering the land (the
“Land”) described on Exhibit A attached hereto and all improvements (the “Improvements”) now or hereafter located on the land (the Land and the Improvements hereinafter collectively referred to as the
“Property”), which Mortgage secures all amounts payable by Landlord to Lender under that certain Loan Agreement of even date therewith between Lender and Landlord (the “Loan Agreement”); and

 WHEREAS, by a lease dated as of
                     (which lease, as the same may have been amended and supplemented, is hereinafter called the
“Lease”), Landlord leased to Tenant certain space located in the Improvements (the “Premises”); and 
 WHEREAS, the parties hereto desire to make the Lease subject and subordinate to the Mortgage and the Loan Agreement; 
 NOW,
THEREFORE, the parties hereto, in consideration of the covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby agree as follows: 
 1. The Lease, as the same may hereafter be modified, amended, extended, renewed, increased, spread, consolidated or replaced, and all of Tenant’s
right, title and interest in and to the Premises and all rights, remedies and options of Tenant under the Lease, are and shall be unconditionally subject and subordinate to the Mortgage and the lien thereof, to all the terms, conditions and
provisions of the Mortgage and the Loan Agreement, to each and every advance made or hereafter made under the Loan Agreement, and to all renewals, modifications, consolidations, replacements, substitutions and extensions of the Mortgage and/or the
Loan Agreement, so that at all times the Mortgage shall be and remain a lien on the Property prior and superior to the Lease for all purposes; provided, however, and Lender agrees, that so long as (A) no event has occurred and no condition
exists, which would entitle Landlord to terminate the Lease or would cause, without further action of Landlord, the termination of the Lease or would entitle Landlord to dispossess Tenant from the Premises, and (B) the Lease shall be in full
force and effect, then Tenant’s leasehold estate under the Lease shall not be terminated, Tenant’s possession of the Premises shall not be disturbed by Lender and Lender will accept the attornment of Tenant. 
 2. Notwithstanding anything to the contrary contained in the Lease, Tenant hereby agrees that in the event of any act, omission or default by Landlord or
Landlord’s agents, employees, contractors, licensees or invitees which would give Tenant the right, either immediately or after the lapse of a period of time, to terminate the Lease, or to claim a partial or total eviction, or to reduce the
rent payable thereunder or credit or offset any amounts against future rents payable thereunder, Tenant will not exercise any such right (i) until it has given written notice of such act, omission or default to Lender by delivering notice of
such act, omission or default, in accordance with Paragraph 
  

 I-1 

 8 hereof, and (ii) until a period of sixty (60) days for remedying such act, omission or default shall have
elapsed following the giving of such notice. Notwithstanding the foregoing, in the case of any default of Landlord which cannot be cured within such sixty (60) day period, if Lender shall within such period proceed promptly to cure the same
(including such time as may be necessary to acquire possession of the Premises if possession is necessary to effect such cure) and thereafter shall prosecute the curing of such default with diligence, then the time within which such default may be
cured by Lender shall be extended for such period as may be necessary to complete the curing of the same with diligence but not to exceed 120 days following such notice. Lender’s cure of Landlord’s default shall not be considered an
assumption by Lender of Landlord’s other obligations under the Lease. Unless Lender otherwise agrees in writing, Landlord shall remain solely liable to perform Landlord’s obligations under the Lease (but only to the extent required by and
subject to the limitation included with the Lease), both before and after Lender’s exercise of any right or remedy under this Agreement. If Lender or any successor or assign becomes obligated to perform as Landlord under the Lease, such person
or entity will be released from those obligations when such person or entity assigns, sells or otherwise transfers its interest in the Premises or the Property. 
 3. Without limitation of any of the provisions of the Lease, in the event that Lender succeeds to the interest of Landlord or any successor to Landlord, then subject to the provisions of this Agreement including,
without limitation, Paragraph 1 above, the Lease shall nevertheless continue in full force and effect and Tenant shall and does hereby agree to attorn to and accept Lender and to recognize Lender as its Landlord under the Lease for the then
remaining balance of the term thereof, and upon request of Lender, Tenant shall execute and deliver to Lender an agreement of attornment reasonably satisfactory to Lender. 
 4. If Lender or any other subsequent purchaser of the Property succeeds to the interest of Landlord or any successor to Landlord (Lender or such other
purchaser being hereinafter referred to as “Purchaser”), in no event shall Purchaser have any liability for any act or omission of any prior landlord under the Lease which occurs prior to the date Purchaser succeeds to the
rights of Landlord under the Lease unless such act or omission continues from and after the date Purchaser so succeeds to the interest of the Landlord under the lease, nor any liability for claims, offsets (except as specifically permitted under the
Lease) or defenses which Tenant might have had against Landlord unless the act or omission giving rise to such claim, offset or defense continues from and after the date Purchaser so succeeds to the interest of the Landlord under the lease. In no
event shall Purchaser have any personal liability as successor to Landlord and Tenant shall look only to the estate and property of Purchaser in the Land and the Improvements for the satisfaction of Tenant’s remedies for the collection of a
judgment (or other judicial process) requiring the payment of money in the event of any default by Purchaser as Landlord under the Lease, and no other property or assets of Purchaser shall be subject to levy, execution or other enforcement procedure
for the satisfaction of Tenant’s remedies under or with respect to the Lease. 
 5. Lender and Tenant agree that upon the conveyance of
the Property by reason of the foreclosure of the Mortgage or the acceptance of a deed or assignment in lieu of foreclosure or otherwise, Lender, as holder of the Mortgage, and Purchaser as Landlord under the Lease (the
“Transferee”) shall not be (a) liable for the return of rental security deposits, if any, paid by Tenant to Landlord in accordance with the Lease unless such sums are actually received by the Transferee, (b) bound
by any payment of rents, additional rents or other sums which Tenant may have paid more than one (1) month in advance to any prior Landlord unless (i) such sums are actually received by the Transferee or (ii) such prepayment shall
have been expressly approved of by the Transferee, (c) bound to make any payment to Tenant which was required under the Lease, or otherwise, to be made prior to the time the Transferee succeeded to Landlord’s interest, (d) bound by
any agreement amending, modifying or terminating the Lease made without the Lender’s prior written consent prior to the time the Transferee succeeded to Landlord’s interest or (d) bound by any assignment of the Lease or sublease of
the Property, or any portion thereof, made prior to the time the Transferee succeeded to Landlord’s interest other than if pursuant to the provisions of the Lease. Notwithstanding anything to the contrary set forth in this Agreement, Tenant
agrees that Lender, as holder of the Mortgage, and Purchaser as Landlord under the Lease if it succeeds to that position, shall in no event have any liability for the performance or completion of any initial work or installations or for any loan or
contribution or rent concession towards initial work, which are required to be made by Landlord (A) under the Lease or under any related Lease documents or (B) for any space which may hereafter become part of said Premises, and any such
requirement shall be inoperative in the event Purchaser succeeds to the position of Landlord prior to the completion or performance thereof; provided, however, if, after succeeding to Landlord’s interest under the Lease, any Purchaser or
successor owner fails or refuses to perform or complete any such initial work or installations which Landlord would 
  

 I-2 

 have been obligated to perform and complete or fails or refuses to make any loan or contribution towards initial work
which are required to be made by Landlord, Tenant shall be entitled to exercise any and all remedies provided to Tenant by the Lease for a failure by Landlord to perform or complete any such initial work or installations or to make such loan or
contribution, other than direct recourse against Lender or such Purchaser. Tenant further agrees with Lender that Tenant will not voluntarily subordinate the Lease to any lien or encumbrance without Lender’s prior written consent. 

6. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute
and be construed as one and the same instrument. 
 7. All remedies which Lender may have against Landlord provided herein, if any, are
cumulative and shall be in addition to any and all other rights and remedies provided by law and by other agreements between Lender and Landlord or others. If any party consists of multiple individuals or entities, each of same shall be jointly and
severally liable for the obligations of such party hereunder. 
 8. All notices to be given under this Agreement shall be in writing and
shall be deemed served upon receipt by the addressee if served personally or, if mailed, upon the first to occur of receipt or the refusal of delivery as shown on a return receipt, after deposit in the United States Postal Service certified mail,
postage prepaid, addressed to the address of Landlord, Tenant or Lender appearing below, or, if sent by telegram, when delivered by or refused upon attempted delivery by the telegraph office. 
  

			
	 If to Lender:
	  	______________________
		  	______________________
		  	______________________
		  	______________________
		  	 Attention:  ______________________

		  	 Facsimile No.:  ______________________

		
	 with a copy to:
	  	 Cadwalader, Wickersham & Taft LLP

		  	 100 Maiden Lane

		  	 New York, New York 10038

		  	 Attention: Fredric L. Altschuler, Esq.

		  	 Facsimile No. (212) 504-6666

		
	 To Tenant:
	  	 ______________________

		  	______________________
		  	______________________
		  	______________________
		  	 Attn:  _________________

 Such addresses may be changed by notice given in the same manner. If any party consists of multiple individuals or
entities, then notice to any one of same shall be deemed notice to such party. 
 10. This Agreement shall be interpreted and construed in
accordance with and governed by the laws of the state in which the Property is located. If any term, covenant or condition of this Agreement is held to be invalid, illegal or unenforceable in any respect, this Agreement shall be construed without
such provision. 
 11. This Agreement shall apply to, bind and inure to the benefit of the parties hereto and their respective successors and
assigns. As used herein “Lender” shall include any subsequent holder of the Mortgage. 
 12. Tenant acknowledges that Landlord has
assigned to Lender its right, title and interest in the Lease and to the rents, issues and profits of the Property and the Property pursuant to the Mortgage, and that Landlord has been granted the license to collect such rents provided no Event of
Default has occurred under, and as defined in, the Mortgage. Tenant agrees to pay all rents and other amounts due under the Lease directly to Lender upon receipt of 
  

 I-3 

 written demand by Lender, and Landlord hereby consents thereto. The assignment of the Lease to Lender, or the collection
of rents by Lender pursuant to such assignment, shall not obligate Lender to perform Landlord’s obligations under the Lease. 
 13.
Lender may sell, transfer and deliver the promissory note secured by the Mortgage (“Note”) and assign the Mortgage, this Agreement and the other documents executed in connection therewith to one or more investors in the
secondary mortgage market (“Investors”). In connection with such sale, Lender may retain or assign responsibility for servicing the loan, including the Note, the Mortgage, this Agreement and the other documents executed in
connection therewith, or may delegate some or all of such responsibility and/or obligations to a servicer including, but not limited to, any subservicer or master servicer, on behalf of the Investors. All references to Lender herein shall refer to
and include any such servicer to the extent applicable. 
 IN WITNESS WHEREOF, THE PARTIES
HERETO HAVE DULY EXECUTED THIS AGREEMENT 
 AS OF THE DAY AND YEAR FIRST ABOVE WRITTEN. 
  

			
	 LENDER:

		
	 By:
	 	_________________________________
	 Name:
	 	
	 Title:
	 	
	
	 TENANT:

	  
 _________________________________

	 a  _____________________

		
	 By:
	 	_________________________________
	 Name:
	 	
	 Title:
	 	

  

 I-4 

 ACKNOWLEDGMENTS 
  

			
	 STATE OF NEW YORK
	 	)
		 	)
	 COUNTY OF NEW YORK
	 	)

 On
[                    ], 200  , before me,
                                    , personally appeared
                                        ,
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 Signature  ___________________________________ 
 My commission
expires:  _______________________ 
  

			
	 STATE OF NEW YORK
	 	)
		 	)
	 COUNTY OF NEW YORK
	 	)

 On
[                    ], 200  , before me,
                                , personally appeared
                                    , personally known to me
(or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 Signature  ___________________________________ 
 My commission expires:  _______________________ 
  

 I-5 

			
	 STATE OF NEW YORK
	  	)
		  	)
	 COUNTY OF NEW YORK
	  	)

 On
[                    ], 200  , before me,
                                        ,
personally appeared
                                        ,
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 Signature  __________________________________ 
 My commission
expires:  ______________________ 
  

			
	 STATE OF NEW YORK
	 	)
		 	)
	 COUNTY OF NEW YORK
	 	)

 On
[                    ], 200  , before me,
                                        ,
personally appeared                                     ,
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 Signature  __________________________________ 
 My commission
expires:  ______________________ 
  

 I-6 

 EXHIBIT “A” – PROPERTY DESCRIPTION

 All that certain lot, piece or parcel of land, situate, lying and being in the Borough of Manhattan, City, County and State of New
York, bounded and described as follows: 
  

 I-1

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