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Exhibit 10.12  
  

 

METROPOLITAN LIFE INSURANCE COMPANY  

Landlord  

and  

CREDIT SUISSE FIRST BOSTON (USA), INC.  

Tenant  

  
 
 

  AMENDED AND RESTATED LEASE  
    Dated: as of December 17, 2003  
  

One Madison Avenue, New York, New York  

 

  

 
 TABLE OF CONTENTS  

	Article
 
	 	Page

	Article 1 DEFINITIONS	 	1
	Article 2 LEASING AND TERM	 	10
	Article 3 ACCEPTANCE OF DEMISED PREMISES BY TENANT	 	11
	Article 4 RENT	 	12
	Article 5 IMPOSITIONS	 	14
	Article 6 USE AND OPERATION OF THE DEMISED PREMISES	 	19
	Article 7 INSURANCE	 	24
	Article 8 DAMAGE OR DESTRUCTION	 	32
	Article 9 MAINTENANCE; TENANT ALTERATIONS; CERTAIN REIMBURSEMENTS; ETC	 	36
	Article 10 SERVICES BY LANDLORD	 	50
	Article 11 UTILITIES	 	50
	Article 12 MECHANIC'S LIENS	 	51
	Article 13 INSPECTION	 	52
	Article 14 ASSIGNMENT; SUBLETTING	 	54
	Article 15 INDEMNIFICATION	 	66
	Article 16 CONDEMNATION	 	68
	Article 17 CONDITIONAL LIMITATIONS; OTHER DEFAULTS	 	71
	Article 18 REMEDIES OF LANDLORD: WAIVER OF REDEMPTION	 	74
	Article 19 SURRENDER	 	76
	Article 20 CERTIFICATE OF OCCUPANCY	 	78
	Article 21 ARBITRATION	 	79
	Article 22 QUIET ENJOYMENT	 	79
	Article 23 CERTIFICATES	 	79
	Article 24 NOTICES	 	80
	Article 25 MEMORANDUM OF LEASE	 	81
	Article 26 SUBORDINATION	 	81
	Article 27 MISCELLANEOUS	 	83
	Article 28 HAZARDOUS MATERIAL	 	89
	Article 29 RENEWAL OPTIONS	 	94

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	Article 30 COMPUTATION OF RENT FOR EXTENSION TERMS	 	96
	Article 31 NAME OF SOUTH BUILDING; SIGNAGE	 	98
	Article 32 ROOF INSTALLATIONS	 	101
	Article 33 RIGHT OF FIRST OFFER	 	103
	Article 34 SERVICES BY TENANT	 	107
	Article 35 OPERATING EXPENSES	 	112
	Article 36 TENANT'S INABILITY TO PROVIDE SERVICES	 	120
	Article 37 ELECTRIC	 	121
	Article 38 ALTERATIONS AND INSTALLATIONS BY LANDLORD	 	122
	Article 39 LANDLORD'S FAILURE TO COMPLY	 	127

       

	Schedule A	 	Description of the Land
	Schedule B-l	 	Rentable Square Feet allocable to each floor of the South Building
	Schedule B-2	 	Rentable Square Feet allocable to each floor of the Tower
	Schedule C	 	Tax Agreement
	Schedule D	 	Matters which the Lease is subject to
	Schedule E	 	Plan delineating the portion of the South Building lobby not included in the Demised Premises
	Schedule F	 	List of Major Building Equipment
	Schedule G	 	Landlord's Rehabilitation Work
	Schedule H	 	Intentionally omitted
	Schedule I	 	Landlord Non-Disturbance Agreement
	Schedule J	 	List of Arbitrators
	Schedule K	 	Intentionally Omitted
	Schedule L	 	Mortgagee Non-Disturbance Agreement
	Schedule M-l	 	Landlord's ICIP Application
	Schedule M-2	 	Tenant's ICIP Application
	Schedule N	 	Retail Space One

ii

 

	Schedule O	 	Retail Space Two
	Schedule P	 	Delivery Condition Disputes
	Schedule Q	 	HVAC Specifications
	Schedule R	 	Rules and Regulations

iii

 
INDEX OF TERMS  

	ADA	 	21
	Additional Bidders	 	43
	Additional Rent	 	1
	adequate assurance of future performance	 	65
	adjusted by CPI	 	23
	Affiliate	 	2
	Alteration Notice	 	77
	Annual Expense Budget	 	38
	Annual Maintenance Program	 	38
	Appropriate Engineer	 	48
	Approved Arbitrator List	 	64
	Assumed Rent	 	2
	Base Amount	 	43
	Bridge	 	2
	Bridge Agreement	 	23
	Building	 	2
	Building Systems	 	2
	Business Associates	 	55
	Business Days	 	2
	Business Hours	 	108
	Casualty Proceeds	 	30
	Commencement Date	 	2
	Competitor	 	2
	Computation Date	 	96
	Computation Period	 	96
	Computation Periods	 	97
	Condominium	 	2
	Construction Manager	 	35
	Consumer Price Index	 	23
	Contractors	 	45
	Cost Savings	 	113
	Costs	 	40
	CSFB	 	2
	CSFB Realty	 	86
	CSFB Tower Space	 	2
	Cut-Off Date	 	119
	Damage Date	 	32
	Damage Payment	 	33
	Damage Termination Notice	 	32
	Date of Taking	 	68
	Declaration	 	88
	Default	 	71
	Delivery Condition	 	3

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	Delivery Space	 	3
	Demised Premises	 	3
	Depository	 	30
	Designated Representative	 	86
	Disapproval Grounds	 	57
	Dispute Notice	 	43
	Effective Date	 	3
	Election Period	 	32
	Ellis	 	86
	Emergency Reimbursement Amount	 	46
	Encumbrance	 	34
	Engineer	 	48
	ERISA	 	87
	ESG	 	86
	Estimated Actual Life	 	44
	Estimated Substantial Completion Date	 	41
	Estimated Useful Life	 	44
	Exchange Period	 	96
	Excluded Transactions	 	58
	Executive Dedicated Elevators	 	109
	Exercise Notice	 	95
	Existing Expense Budget	 	37
	Existing Furniture	 	11
	Existing Maintenance Program	 	37
	Expenses	 	3
	Expiration Date	 	3
	Extension Term	 	95
	Extension Terms	 	95
	fair market rent	 	96
	Fee Mortgage	 	3, 81
	Fee Mortgagee	 	82
	Fee Mortgages	 	81
	Financial Statement	 	86
	First Extension Term	 	95
	First-Class Office Buildings	 	3
	First-Class Standard	 	36
	General Common Elements	 	3
	Hazardous Material	 	91
	HLW Report	 	3
	ICIP Benefits	 	3
	ICIP Law	 	17
	IDA	 	26
	IDA Premises	 	66
	Impositions	 	3
	Improvements	 	4
	Incentives Program	 	47

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	Included Assignment	 	58
	Included Sublease	 	58
	Indemnity Costs	 	20
	In-House Service Providers	 	20
	Insurance Requirements	 	4
	Interest Rate	 	4
	Interim Period	 	98
	Investment Grade Entity	 	98
	JBB Report	 	4
	Land	 	4
	Landlord	 	1, 5
	Landlord Alterations	 	122
	Landlord Carryover Credit	 	106
	Landlord Monetary Default	 	127
	Landlord Non-Disturbance Agreement	 	62
	Landlord Non-Monetary Default	 	127
	Landlord Parties	 	5
	Landlord Profit	 	106
	Landlord Roof Installation	 	102
	Landlord Shared Services Default	 	127
	Landlord Space	 	5
	Landlord's Amenities Proportionate Share	 	5
	Landlord's Business Associates	 	104
	Landlord's Lobby Share	 	117
	Landlord's Offer Notice	 	104
	Landlord's Plans	 	123
	Landlord's Proportionate Share	 	5
	Landlord's Repair Obligations	 	5
	Landlord's Selected Bidder	 	43
	Landlord's Successors	 	6
	Landlord's Systems	 	6
	Landlord's Total Cost	 	106
	Landlord's Transaction Costs	 	106
	Large Retailer	 	100
	Lease	 	6
	Legal Requirement Alteration	 	39
	Legal Requirements	 	6
	Limited Common Elements	 	6
	Long-term	 	99
	Major Building Equipment	 	41
	Major Retail Subtenant	 	100
	Material Alterations	 	123
	Material Monetary Default	 	6
	Measuring Fraction	 	44
	Mechanical Space	 	6
	MetLife	 	6

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	Minimum Rent	 	6
	Net Rent Base Increase Date	 	7
	Non-Retail Consent Rights	 	57
	Non-Retail Space	 	7
	Notice	 	80
	NPS	 	47
	Offer Space	 	103
	Operating Expenses	 	112
	Operating Payment	 	117
	Operating Statement	 	116
	Operating Year	 	116
	Original Bidders	 	43
	Original Determination	 	96
	Original Lease	 	1
	Original Premises	 	1
	Original Services Agreement	 	50
	Original Sublease	 	1
	Overrun	 	44
	Overrun Notice	 	44
	Partial Restoration	 	69
	Permitted Encumbrance	 	37
	Permitted Substances	 	20
	Permitted Transfer	 	62
	Plan	 	87
	Plans and Specifications	 	38
	Plans and Specifications Notice	 	41
	Profit	 	59
	Programmed Maintenance Items	 	38
	Proposed Commencement Date	 	104
	Proposed Lease Term	 	104
	Public Authority	 	8
	Qualified Alteration	 	40
	Qualified Overrun	 	45
	Recapture Offer Notice	 	55
	Recapture Space	 	56
	Records	 	119
	Rehabilitation Work	 	46
	Reimbursable Legal Requirement Alteration	 	39
	Reimbursable Replacement	 	39
	Reimbursable Structural Work	 	40
	Reimbursement Amount	 	43
	Remaining Retail Space	 	100
	Reminder Notice	 	95
	Rent	 	8
	Required Consent Information	 	57
	Required Insurance	 	24

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	Required Replacements	 	36
	Restoration	 	32
	Retail Space	 	8
	Retail Space One	 	8
	Retail Space Two	 	8
	Retail Standards	 	58
	Retained Space	 	8
	Roof Areas	 	102
	Roof Installation Notice	 	103
	Rules and Regulations	 	111
	SEC	 	86
	Second Alteration Request	 	77
	Second Approval Request	 	42
	Second Consent Request	 	57
	Second Default Notice	 	72
	Second Extension Term	 	95
	Second Landlord Default Notice	 	127
	Second Landlord's Offer Notice	 	104
	Second Recapture Notice	 	56
	Selected Arbitrator	 	64
	Service Contracts	 	11
	Services	 	107
	Shared Services Agreement	 	8
	SHPO	 	47
	Sixth Floor Space	 	8
	South Building	 	8
	South Building Improvements	 	8
	Specialty Alterations	 	9
	Specified Damage Termination Date	 	32
	Structural Work	 	40
	Subordination and Non-Disturbance Agreement	 	82
	Subway Entrance	 	4
	Taking	 	9
	Tax Agreement	 	16
	Tax Credit Work	 	47
	Tax Credits	 	47
	Tax Deposits	 	18
	Tax Payment	 	119
	Tax Statement	 	119
	Tax Year	 	9
	Tenant	 	1, 9
	Tenant Alterations	 	36
	Tenant Parties	 	9
	Tenant Roof Installation	 	101
	Tenant Work	 	47
	Tenant's Preferred Bidder	 	43

viii

 

	Tenant's Property	 	24
	Tenant's Transaction Costs	 	59
	Term	 	10
	Testing	 	91
	Third Extension Term	 	95
	Total Cost	 	59
	Total Income	 	59
	Total Lease Income	 	106
	Tower	 	9
	Tower Improvements	 	9
	Treasury Rate	 	75
	Triple Net Commencement Date	 	10
	Tunnel	 	10
	Tunnel Agreement	 	23
	Unavoidable Delays	 	10
	Units	 	88
	Utilities	 	50
	Voluntary Alterations	 	36
	Work	 	40
	Works of Art	 	12

ix

AMENDED AND RESTATED LEASE  

        This AMENDED AND RESTATED LEASE dated as of December 17, 2003, between METROPOLITAN LIFE INSURANCE COMPANY
("Landlord"), a New York corporation having its principal office at One Madison Avenue, New York, New York 10010, and CREDIT SUISSE FIRST BOSTON
(USA), INC. ("Tenant"), a Delaware corporation, having an office at Eleven Madison Avenue, New York, New York 10010-3629. 

W I T N E S S E T H  

        Pursuant to that certain Lease dated as of February 22, 2001, as amended to the date hereof (the "Original
Lease") between Landlord and Tenant, Landlord leased to Tenant certain land and improvements commonly known as One Madison Avenue, New York, New York. 

        The
Original Lease demised the entire South Building and the Tower portions of the Building (the "Original Premises"). 

        Pursuant
to that certain Sublease dated as of February 22, 2001 (the "Original Sublease") between Landlord and Tenant, Landlord
subleased portions of the Tower and South Building from Tenant. 

        Simultaneously
herewith Landlord and Tenant have executed that certain Termination of Sublease Agreement which terminates the Original Sublease as of the Effective Date. 

        Landlord
and Tenant desire to amend and restate the Original Lease to exclude from the Demised Premises as of the Effective Date the portions of the South Building and Tower which were
previously subject to the Original Sublease. 

        NOW,
THEREFORE, in consideration of One Dollar ($1.00), the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant hereby agree that from and after the Effective Date the Original Lease is amended and restated in its entirety as follows: 

ARTICLE 1  

 DEFINITIONS  

        Section 1.1.    As
used in this Lease, the following terms have the following respective meanings: 

        (a)    "Additional Rent":    means all sums of money, costs, expenses, charges, interest, or
fees of every kind or amount whatsoever, other than Minimum Rent, which Tenant has assumed or agreed to pay to Landlord under this Lease. 

 

        (b)    "Affiliate":    means a corporation, partnership or other entity which is controlled
by, controls or is under common control with the party referred to. As used in the preceding sentence, "control" shall mean the ownership of, or power to vote or power to cause the disposition of,
fifty percent (50%) or more of the ownership interests in such corporation, partnership or other entity. 

        (c)    "Assumed Rent"    means the sum of (a) the Minimum Rent and Impositions which
would have been payable with respect to the Recapture Space in question if such Recapture Space were part of the Demised Premises and (b) Operating Payments with respect to such Recapture
Space. 

        (d)    "Bridge":    means the bridge connecting the tenth (10th) floor of the
South Building to the building located at Eleven Madison Avenue, New York, NY. 

        (e)    "Building":    means the building located on the Land and known as One Madison Avenue,
New York, New York, and includes all of the Units located therein and all Limited Common Elements and
General Common Elements appurtenant to such Units. The Building is comprised of two portions: the South Building and the Tower. 

        (f)    "Building Systems"    shall mean the mechanical, gas, electrical, sanitary, heating,
air conditioning, ventilating, elevator, plumbing and life-safety and other service systems of the Building, other than (i) any Landlord's Systems, and (ii) the distribution
portions of such Building Systems located within the Landlord Space other than perimeter heating systems. 

        (g)    "Business Days":    means all days other than Saturdays, Sundays and all days observed
by the state or federal government as legal holidays and, when used in respect of the actual operation or maintenance of the Building, shall also include such other days designated as legal holidays
by the applicable building service union employees' service contract and/or by the applicable operating engineers' contract. 

        (h)    "Commencement Date":    means March 1, 2001. 

        (i)    "Competitor"    means any person or entity generally recognized in the marketplace as a
competitor of Landlord or Tenant, as the case may be, at the time in question. 

        (j)    "Condominium"    means the condominium established pursuant to the Declaration. 

        (k)    "CSFB":    means Credit Suisse First Boston (USA), Inc. and its present and
future Affiliates and any successors thereto by merger, consolidation or corporate reorganization or sale of substantially all of its assets. 

        (l)    "CSFB Tower Space":    means the Units comprising the third (3rd) through
ninth (9th) floors of the Tower. 

2

 

        (m)    "Delivery Condition":    means delivery to Tenant of exclusive possession of the
Delivery Space in question vacant, broom clean and free of occupancies, and in the case of Delivery Space located in the South Building only, with the Rehabilitation Work, if any, in such Delivery
Space in the South Building having been substantially completed. 

        (n)    "Delivery Space"    means each portion of Demised Premises delivered to Tenant pursuant
to the Original Lease or this Lease. 

        (o)    "Demised Premises":    means from and after the Effective Date, the South Building
Improvements (other than the Retained Space), the CSFB Tower Space, the Mechanical Space and the Limited Common Elements and the undivided interest in the General Common Elements appurtenant to the
foregoing. Landlord and Tenant hereby agree that for purposes of this Lease the Demised Premises shall be deemed to contain an aggregate of 1,173,238 rentable square feet. 

        (p)    "Effective Date":    means 11:59 p.m. on December 31, 2003. 

        (q)    "Expiration Date":    means December 31, 2020. 

        (r)    "Expenses"    shall mean the actual incremental cost and expense to the party in
question of providing the item in question, which costs shall include the cost of labor and material to third parties, but shall not include any markup for any interest carry, depreciation, Landlord's
or Tenant's internal charge or overhead charge or, in the case of Tenant, payments to the Building management agent for services which are part of its regular management duties (i.e., without
additional cost to Tenant). 

        (s)    "Fee Mortgage":    means any mortgage, deed of trust or similar security interest
created by Landlord affecting the Land and/or the Improvements. 

        (t)    "First-Class Office Buildings":    means first-class, non-institutional,
non-governmental office buildings located in Midtown Manhattan which are similar in construction, size and type of systems and facilities to the Building and with similar type of tenants,
it being understood and agreed that Tenant's obligations hereunder with respect to maintaining and operating the Building as a First Class Office Building shall not impose any obligation upon Tenant
to upgrade (as opposed to maintain or replace) the systems, structure or facilities of the Building beyond the standard of the Building as delivered to Tenant on the Triple Net Commencement Date. 

        (u)    "General Common Elements"    has the meaning set forth in the Declaration. 

        (v)    "HLW Report":    means that certain report, dated December 6, 2000, prepared by
HLW and designated as Area Calculations, Project 3785. 

        (w)    "ICIP Benefits":    means any benefits under ICIP Laws. 

        (x)    "Impositions":    means all taxes, assessments, sales, use and occupancy taxes, transit
taxes, water and sewer charges, rates and rents, excises, levies, license 

3

 

and
permit fees and other charges, general and special, ordinary and extraordinary, foreseen and unforeseen, of every kind and nature whatsoever, which shall or may during the Term be assessed,
levied, charged, confirmed or imposed upon or accrue or become due or payable out of or on account of or become a lien on (i) the Demised Premises, any part thereof, or the appurtenances
thereto, (ii) the rent and income received for any use or occupancy of the Demised Premises, (iii) such franchises, licenses and permits as may pertain to the use of the Demised
Premises, and (iv) this Lease. Impositions shall include all governmental fees and charges allocable to the use of the Bridge, the Tunnel and the subway entrance at the northwest corner of
23rd Street and Park Avenue South (the "Subway Entrance"). Impositions shall not include any income taxes, corporate franchise taxes,
estate, succession, inheritance or transfer taxes of Landlord, provided, however, that if, due to a future change in the method of taxation, a franchise, income, estate, inheritance, succession or
transfer taxes or other tax or governmental imposition shall be levied against Landlord in substitution for any Imposition, then such franchise, income, estate, inheritance, succession or transfer
taxes or other tax or governmental imposition levied against Landlord shall be deemed to be an Imposition. Impositions shall also not include any payments in lieu of taxes to be made by Landlord
pursuant to a separate Pilot Agreement between Landlord and IDA. 

        (y)    "Improvements":    means the South Building Improvements and the Tower Improvements. 

        (z)    "Insurance Requirements":    means all terms of any insurance policy covering or
applicable to the Demised Premises, Landlord Space and/or the Building, as applicable, or any part thereof to the extent required to be maintained by Landlord or Tenant or, if not required, actually
maintained by Tenant hereunder or which is maintained by Landlord and Tenant has been given written notice of the same, provided that any such insurance maintained by Landlord is of a type customarily
maintained by owners of First-Class Office Buildings, all requirements of the issuer of any such policy, and all orders, rules, regulations and other requirements of the National Board of Fire
Underwriters (or any other body exercising similar functions) applicable to or affecting the Demised Premises, Landlord Space and/or the Building, as applicable, or any part thereof or any use or
condition of the Demised Premises, Landlord Space and/or the Building, as applicable, or any part thereof. 

        (aa)    "Interest Rate":    shall mean a rate per annum equal to the lesser of: (A) two
(2%) percent in excess of the prime or base rate published from time to time by "The Wall Street Journal (Eastern Edition)", or any successor thereto, or (B) the highest interest rate permitted
by law. In the event that more than one prime or base rate is so published at any time, then the average of all such rates shall be deemed to be the prime rate. 

        (bb)    "JBB Report":    means that certain Mechanical, Electrical, Plumbing and Vertical
Transportation Systems Physical Condition Evaluation Report, dated January 25, 2001, prepared by Jaros, Baum & Bolles. 

        (cc)    "Land":    means the land described in Schedule A annexed hereto and made a
part hereof. 

4

 

        (dd)    "Landlord":    means Metropolitan Life Insurance Company, a New York corporation, or
any successor or assign hereunder, or any successor to the obligations of Landlord hereunder, so that it shall be deemed and construed without further agreement between the parties hereto that any
such successor has assumed and agreed to carry out any and all of the covenants and obligations of Landlord hereunder and Metropolitan Life Insurance Company shall be entirely relieved of all
covenants and obligations to be performed by Landlord hereunder from and after the date of such succession or assignment. 

        (ee)    "Landlord Parties"    shall mean Landlord and any tenant of Landlord in the Landlord
Space. 

        (ff)    "Landlord's Proportionate Share"    shall mean the quotient (expressed as a
percentage) obtained by (x) dividing 270,670 (the number of rentable square feet in the Landlord Space) by (y) 1,443,908. Notwithstanding the foregoing (i) if Landlord recaptures
any of the Recapture Space pursuant to Section 14.3 or Tenant leases any Offer Space pursuant to Article 33, the numerator shall be adjusted accordingly and (ii) for any period
during which Landlord is utilizing the Cafeteria (as defined in the Shared Services Agreement), then for purposes of calculating Landlord's Proportionate Share, the denominator shall be 1,410,765
(1,443,908 minus 33,143) ("Landlord's Amenities Proportionate Share"). In the event of a casualty to or partial condemnation of
the Building, Landlord's Proportionate Share (or Landlord's Amenities Proportionate Share, if applicable) shall be redetermined if, after completion of Restoration of the Building, the rentable square
footage of the Building (calculated in the same manner as rentable square foot is calculated in the HLW Report) is greater or less than 1,443,908. 

        (gg)    "Landlord's Repair Obligations"    shall mean the obligation of Landlord, at its sole
cost and expense, to (i) make such repairs to the Landlord Space and the fixtures and appurtenances therein (A) necessitated by the act or omission by Landlord in violation of Landlord's
obligations under, or by the covenants, terms, provisions or agreements contained in this Lease or (B) pursuant to Legal Requirements or Insurance Requirements with which Landlord is obligated
to comply pursuant to the covenants, terms, provisions or agreements contained in this Lease, or (C) necessitated by the negligence of Landlord, its employees, agents or contractors, and the
employees of such agents and contractors (except for damage arising from fire or other casualty as provided in Article 8), (ii) during
such periods as Landlord shall be operating the same, maintain and make such repairs to Landlord's Systems, as and when needed to preserve them in good working order and condition as the same would
have been maintained by owners of First Class Office Buildings, and (iii) repair or restore all damage or injury to the Building or to its fixtures, appurtenances and equipment caused by
Landlord moving property in or out of the Building or by installation or removal of furniture, fixtures or other property by, or on behalf of, Landlord. Anything to the contrary provided herein
notwithstanding, in no event shall Landlord's Repair Obligations include any repairs necessitated by the act, omission (in violation of Tenant's obligations under, or agreements contained in, this
Lease or pursuant to Legal Requirements or Insurance Requirements) or negligence of Tenant or its employees, agents or contractors (and the employees of such agents and contractors). 

        (hh)    "Landlord Space"    means all space in the Building other than the Demised Premises. 

5

 

        (ii)    "Landlord's Successors"    means Landlord's successors in interest by merger,
consolidation or sale of substantially all of the assets of Landlord. 

        (jj)    "Landlord's Systems"    shall mean all plants, machinery, equipment, trade fixtures
and personal property which becomes part of the real property by incorporation therein (including, but not limited to, any ventilating and air conditioning systems, communications and
telecommunications apparatus, electrical equipment and all equipment and materials and any ancillary cabling and wiring used in connection therewith or necessary for the use thereof), designed solely
for or used exclusively in any Landlord Space or for systems owned by any Landlord Party or systems dedicated to the sole and exclusive use of an occupant of any portion of the Landlord Space or which
any occupant of any portion of the Landlord Space has the exclusive right to operate. 

        (kk)    "Lease":    means this agreement together with all schedules attached hereto. 

        (ll)    "Legal Requirements":    means all laws, statutes codes, acts, ordinances, orders,
judgments, decrees, injunctions, rules, regulations, permits, licenses, authorizations, directions and requirements of all Public Authorities, foreseen or unforeseen, ordinary or extraordinary, which
now or at any time hereafter may be applicable to the Demised Premises, the Building or the Landlord Space, as applicable, or any part thereof, or any of the adjoining sidewalks, streets or ways, or
any use or condition of the Demised Premises, the Building or the Landlord Space, as applicable, or any part thereof, 

        (mm)    "Limited Common Elements"    has the meaning set forth in the Declaration. 

        (nn)    "Material Monetary Default":    means any failure of Tenant to pay the items set forth
in Section 17.1(a) after the applicable notice and grace period of which the aggregate unpaid amount equals or exceeds Fifty Thousand ($50,000) Dollars. 

        (oo)    "Mechanical Space":    means (A) the portions of the South Building located on
Concourse Levels B-l and B-2 and floors 13 through 16 thereof and (B) the portions of the Tower located on Concourse Levels B-l and B-2 and
floors 35, 42 and 43 thereof, in each case as designated as Mechanical Equipment Rooms on the floor plans for such portions included in the HLW Report. 

        (pp)    "MetLife":    means Metropolitan Life Insurance Company and its present and future
Affiliates (for so long as such entity remains an Affiliate) and any successors thereto by merger, consolidation or corporate reorganization or sale of substantially all of its assets. 

        (qq)    "Minimum Rent":    means the following annual amounts during the following periods: 

        (i)    During
the period commencing on the Commencement Date and ending on the day immediately preceding the Effective Date, as set forth in the Original Lease; 

6

 

        (ii)   During
the period commencing on the Effective Date and ending on the day preceding the fifth (5th) anniversary of the Net Rent Base Increase Date, (A) with
respect to the Demised Premises other than Retail Space One and Retail Space Two the amount of Forty Five Million Five Hundred Sixty Eight Thousand One Hundred Twenty and 00/100 Dollars
($45,568,120.00) per annum; plus (B) with respect to Retail Space One the amount of One Million Forty Seven Thousand Nine Hundred Thirty and 24/100 Dollars ($1,047,930.24) per annum plus
(iii) with respect to Retail Space Two the amount of Three Hundred Thirteen Thousand Four Hundred Sixty Nine and 76/100 Dollars ($313,469.76) per annum; 

        (iii)  During
the period commencing on the fifth (5th) anniversary of the Net Rent Base Increase Date and ending on the day preceding the tenth (10th) anniversary of the Net
Rent Base Increase Date, (A) with respect to the Demised Premises other than Retail Space One and Retail Space Two the amount of Fifty One Million Two Hundred Sixty Four Thousand One Hundred
Thirty Five and 00/100 Dollars ($51,264,135.00) per annum; plus (B) with respect to Retail Space One the amount of One Million One Hundred Thirty Eight Thousand Seven Hundred Seventy and 24/100
Dollars
($1,138,770.24) per annum plus (iii) with respect to Retail Space Two the amount of Three Hundred Ninety Two Thousand Eight Hundred Four and 76/100 Dollars ($392,804.76) per annum; 

        (iv)  During
the period commencing on the tenth (10th) anniversary of the Net Rent Base Increase Date and ending on the day preceding the fifteenth (15th) anniversary of the
Net Rent Base Increase Date, (A) with respect to the Demised Premises other than Retail Space One and Retail Space Two the amount of Fifty Six Million Nine Hundred Sixty Thousand One Hundred
Fifty and 00/100 Dollars ($56,960,150.00) per annum; plus (B) with respect to Retail Space One the amount of One Million Two Hundred Twenty Nine Thousand Six Hundred Ten and 24/100 Dollars
($1,229,610.24) per annum plus (iii) with respect to Retail Space Two the amount of Four Hundred Seventy Two Thousand One Hundred Thirty Nine and 76/100 Dollars ($472,139.76) per annum; and 

        (v)   During
the period commencing on the fifteenth (15th) anniversary of the Net Rent Base Increase Date and ending on the Expiration Date, (A) with respect to the
Demised Premises other than Retail Space One and Retail Space Two the amount of Sixty Two Million Six Hundred Fifty Six Thousand One Hundred Sixty Five and 00/100 Dollars ($62,656,165.00) per annum;
plus (B) with respect to Retail Space One the amount of One Million Three Hundred Twenty Thousand Four Hundred Fifty and 24/100 Dollars ($1,320,450.24) per annum plus (iii) with respect
to Retail Space Two the amount of Five Hundred Fifty One Thousand Four Hundred Seventy Four and 76/100 Dollars ($551,474.76) per annum. 

        (rr)    "Net Rent Base Increase Date":    means November 12, 2001. 

        (ss)    "Non-Retail Space":    means all of the leasable area of the Demised
Premises other than the Retail Space. 

7

 

        (tt)    "Public Authority":    means any federal, state, county, municipal, or other local
government, department, agency, subdivision, court, authority, bureau, branch, commission, board, official or officer having or exercising jurisdiction over the Demised Premises or any part thereof 

        (uu)    "Rent":    means the Minimum Rent and Additional Rent. 

        (vv)    "Retail Space":    means the rentable areas of the South Building located on the lobby
level, mezzanine and B-l level which are permitted by Legal Requirements to be used for retail purposes. 

        (ww)    "Retail Space One":    means a portion of the Retail Space consisting of 18,168
rentable square feet as depicted in Schedule N hereto. 

        (xx)    "Retail Space Two":    means a portion of the Retail Space consisting of 15,867
rentable square feet as depicted in Schedule O hereto. 

        (yy)    "Retained Space":    Units S-ll-01 (the 11th
Floor of the South Building) and S-01-05 (the portion of the South Building lobby shown hatched on the floor plan annexed hereto as Schedule E) and the Limited Common Elements and
the undivided interest in the General Common Elements appurtenant to such Units. Landlord and Tenant hereby agree that for purposes of this Lease the Retained Space shall be deemed to contain an
aggregate of 53,032 rentable square feet. 

        (zz)    "Shared Services Agreement"    means that certain Amended and Restated Shared Services
Agreement of even date herewith between Landlord and Tenant which covers the terms and conditions by which certain services are made available to, and paid for by, Landlord and Tenant in the Building. 

        (aaa)    "Sixth Floor Space":    means the Unit comprising the sixth (6th) floor
of the South Building. 

        (bbb)    "South Building":    means the portions of the Building shown on the floor plans
included in the HLW Report as "Area Calculations—South Building" for the B2 Level—South Building through 16th Floor (PHM)—South Building. Landlord and Tenant hereby
agree that for purposes of this Lease the South Building shall be deemed to contain an aggregate of 1,176,911 rentable square feet. Annexed hereto as Schedule B-l is a list of the
rentable square footages allocable to each floor of the South Building. 

        (ccc)    "South Building Improvements":    means the South Building and improvements
appurtenant thereto, including, without limitation, all Units contained therein, all buildings, structures (including, without limitation, the Bridge and the Tunnel), driveways, walkways, parking
areas, all other improvements of a permanent or temporary nature and all necessary support therefor, electrical, plumbing, heating, sewerage, water, gas, telephone and other utility facilities, all
equipment, machinery, fixtures and appurtenances therein and thereto, and all personal property of every kind and description affixed or attached thereto (other than the Works of Art), or used in
connection therewith, including, without limitation, all equipment and other personalty used in connection with the conference center, executive dining facility, 

8

 

auditorium
and cafeteria, except to the extent any of the foregoing constitutes the property of Tenant. 

        (ddd)    "Specialty Alterations":    means any slab penetrations larger than two feet by two
feet (other than slab penetrations for telecommunications and utility risers which are located in the existing core of the Building), safes, vaults, structural floor reinforcements (other than raised
floors) which reduce ceiling heights below Building standard, exterior signage, retail storefronts and any special or unique installation by Tenant which Tenant may be required to remove pursuant to
Section 19.2 hereof (other than (1) any internal staircases or additional elevators installed by Tenant, (2) restoration of elevator banks to their configuration as of the date of
execution of the Lease, including, without limitation, sealing up any elevator openings created, opening up any elevator openings previously sealed, relocating any elevator core functions previously
relocated or performing any other restoration work pursuant to such elevator upgrades or improvements, and (3) any Legal Requirement Alteration except if such is required as a result of
Tenant's particular manner of use (as opposed to mere general office use)). 

        (eee)    "Taking":    means any and every taking (whether temporary or permanent) of all or
any portion of the Building or the Demised Premises, as applicable, for any public or quasi-public purpose, by any Public Authority by exercise of condemnation or eminent domain (or any transfer or
conveyance by agreement in lieu thereof). 

        (fff)    "Tax Year"    shall mean the fiscal tax year for which Impositions are levied by the
City of New York, which, on the date hereof, assesses real property tax on a fiscal year basis commencing on July 1 of each calendar year and the following June 30. 

        (ggg)    "Tenant":    means Credit Suisse First Boston (USA), Inc., its permitted
successors and permitted assigns. 

        (hhh)    "Tenant Parties":    means Tenant or any person rightfully claiming through Tenant,
or any of such parties' agents, contractors, servants, employees, or invitees. 

        (iii)    "Tower":    means the portions of the Building shown on the floor plans included in
the HLW Report as "Area Calculations—Tower" for the B2 Level—Tower through 42nd Floor—Tower. Landlord and Tenant hereby agree that for purposes of
this Lease the Tower shall be deemed to contain 266,997 rentable square feet. Annexed hereto as Schedule B-l is a list of the rentable square footages allocable to each floor of the
Tower. 

        (jjj)    "Tower Improvements":    means the Tower and improvements appurtenant thereto,
including, without limitation, all Units contained therein, all buildings, structures, driveways, walkways, parking areas, all other improvements of a permanent or temporary nature and all necessary
support therefor, electrical, plumbing, heating, sewerage, water, gas, telephone and other utility facilities, all equipment, machinery, fixtures and appurtenances therein and thereto, and all
personal property of every kind and description affixed or attached thereto (other than the Works of Art), or used in connection therewith, including, without limitation, all equipment and other
personalty used in connection with the conference center, executive dining facility, auditorium and cafeteria, except to the extent any of the foregoing constitutes the property of Tenant. 

9

 

        (kkk)    "Triple Net Commencement Date":    shall mean January 1, 2002. 

        (lll)    "Tunnel":    means the underground tunnel on the B-l concourse level
connecting the South Building with the building located at Eleven Madison Avenue, New York, New York. 

        (mmm)    "Unavoidable Delays":    means delays due to any acts of God, governmental
restriction, Legal Requirements, 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, provided however, that the inability to obtain financing or a lack
of funds shall not be an Unavoidable Delay. 

ARTICLE 2  

 LEASING AND TERM  

        Section 2.1.    Demised Premises; Term of Lease.    Pursuant to the Original Lease, Landlord leased to Tenant,
and Tenant rented from Landlord, the Original Premises, subject only to the matters described in Schedule D of the Original Lease, for a term (the  "Term") commencing on the Commencement Date and
expiring at midnight on the Expiration Date. From and after the Effective Date, upon and subject to the
conditions and limitations set forth below, Landlord leases to Tenant, and Tenant does rent from Landlord, the Demised Premises, subject only to the matters described in Schedule D hereto, for
the balance of the Term, unless this Lease shall sooner terminate as hereinafter provided. 

        Section 2.2.    Delivery of Demised Premises.    

        (a)    Prior to Effective Date.    Prior to the dale hereof, Landlord has delivered to Tenant all of the Demised
Premises with the Delivery Condition satisfied (except to the extent Tenant has disputed satisfaction of certain Delivery Conditions as set forth in Schedule P hereto). 

        (b)    From the Effective Date.    Commencing on the Effective Date, this Lease shall cover all of the Demised
Premises. 

        (c)    Mechanical Space.    The Mechanical Space was delivered to Tenant as of the Triple Net Commencement Date. 

        Section 2.3.    Flagpole.    Landlord hereby reserves the right, at Landlord's sole cost and expense, to use
the westernmost flagpole located on 23rd Street side of the 11th Floor setback of the South Building. The foregoing right shall be personal to MetLife until such time as
MetLife no longer occupies all or a portion of the Landlord Space. 

        Section 2.4.    Access Easements.    Landlord hereby grants to Tenant the right to use all of the easements for
access granted to Landlord as Unit Owner (as defined in the Declaration) under the Declaration. 

10

 
ARTICLE 3  

 ACCEPTANCE OF DEMISED PREMISES BY TENANT  

        Section 3.1.    As Is Condition.    Tenant acknowledges that it has examined to its satisfaction the Demised
Premises, the title thereto, the Certificate of Occupancy for the Building, the sidewalks and structures adjoining the same, any subsurface conditions thereof, and the then present uses and nonuses
thereof. Tenant is fully familiar with the condition of the Demised Premises. As of the date hereof, Tenant has accepted all of the Demised Premises in its "as is" condition, except to the extent
Tenant has disputed satisfaction of certain Delivery Conditions as set forth in Schedule P hereto. Landlord does not make, and Tenant acknowledges that Landlord has not made or given any
representation or warranty, express or implied, with respect to its title to the Land and/or the Improvements, this Lease or the present or future merchantability, habitability, condition, quality,
durability, fitness or suitability of the Demised Premises or any part thereof in any respect or in connection with or for the purposes and uses of Tenant, or, except as specifically set forth herein,
any other representation or warranty of any kind or character, express or implied, with respect thereto, and Landlord shall not be liable for any latent or patent defects in the Demised Premises or
any part thereof, other than with respect to the Rehabilitation Work. Notwithstanding the foregoing, Landlord represents and warrants that Landlord has delivered to Tenant true and complete copies of
the HLW Report and the JBB Report. 

        Section 3.2.    Existing Furniture.    Landlord leased to Tenant, and Tenant hired from Landlord, the majority
of the furniture existing in the Demised Premises (other than 100 desks and chairs, any such furniture which was under lease and any such furniture currently located in the Retained Space) (the  "Existing
Furniture"). Each item of such Existing Furniture was located in the Demised Premises and was delivered to Tenant when the portion of the
Demised Premises in which such item of Existing Furniture was located was delivered to Tenant pursuant to Article 2 hereof. The parties hereby agree that the value of the Existing Furniture is
de minimis and no portion of the Rent payable hereunder is allocable to the Existing Furniture. Tenant agrees that Tenant shall pay any sales tax which may be due and payable with respect to leasing
of the Existing Furniture and/or any other equipment or personal property to Tenant. Landlord does not make, and Tenant acknowledges that Landlord has not made or given, any representation or
warranty, express or implied, with respect to the Existing Furniture or the present or future merchantability, habitability, condition, quality, durability, fitness or suitability of the Existing
Furniture or any part thereof in any respect or in connection with or for the purposes and uses of Tenant, or any other representation or warranty of any kind or character, express or implied, with
respect thereto and Landlord shall not be liable for any latent or patent defects in the Existing Furniture or any part thereof. Tenant accepts the Existing Furniture "as-is." 

        Section 3.3.    Intentionally omitted.    

        Section 3.4.    Service Contracts.    Landlord has delivered to Tenant copies of all service contracts
affecting the Building ("Service Contracts"). On the Triple Net Commencement Date, Landlord assigned to Tenant, without recourse to, or warranty by,
Landlord, all Services Contracts (to the extent such Service Contracts were assignable) other than those Service Contracts which had been terminated prior to the Triple Net Commencement Date. 

11

 

        Section 3.5.    Warranties.    On the Triple Net Commencement Date, Landlord assigned to Tenant, without
recourse to, or warranty by, Landlord, all warranties relating to the Improvements, to the extent such warranties were assignable. 

        Section 3.6.    Works of Art.    Landlord hereby grants Tenant a license to display, in their current
locations, the works of art owned by Landlord and currently located in the auditorium and lobby of the South Building and on the 12th floor of the South Building (the
"Works of Art"). Tenant shall be responsible for maintaining and insuring the Works of Art. In the event that Tenant desires to cease displaying any or
all of the Works of Art, Tenant shall deliver written notice to Landlord and, if in Landlord's reasonable judgment such Works of Art can be removed without substantial difficulty to Landlord, Landlord
shall, at Landlord's expense, promptly remove the Works of Art specified in such notice. Landlord reserves the right to revoke the license for the Works of Art and remove the Works of Art from the
Demised Premises at any time during the Term on not less than ninety (90) days written notice to Tenant. 

        Section 3.7.    Disposal of Personal Property.    Tenant shall have the right, at any time during the Term, to
dispose of any or all of the personal property (other than the Works of Art) leased to Tenant hereunder. 

ARTICLE 4  

 RENT  

        Section 4.1.    Payment of Rent.    Tenant covenants and agrees to pay the Rent as and when the same shall
become due and payable. 

        Section 4.2.    Payment of Minimum Rent.    

        (a)   From
and after the Effective Date, the Minimum Rent shall be payable in equal monthly installments in advance on the first day of each calendar month during the Term
hereof; it being agreed, however, that Tenant shall not be obligated to pay Minimum Rent with respect to the Sixth Floor Space during the Rent Concession Period set forth in Subsection 4.3 below if
any such Rent Concession Period remains applicable on the Effective Date. 

        (b)   Tenant's
obligation to pay Rent for the period prior to the Effective Date shall be as set forth in the Original Lease. 

        Section 4.3.    Initial Abatement of Rent; Rent Credit.    

        (a)   Tenant
hereby acknowledges that, as of the Effective Date, (i) the Rent Concession Periods (as defined in the Original Lease) for all of the Demised Premises
other than the Sixth Floor Space have expired, and (ii) the Rent Concession Period for the Sixth Floor Space shall expire on February 28, 2004. 

        (b)   In
addition to the foregoing Rent Concession Periods, Tenant received a credit against Minimum Rent becoming due under the Original Lease after the Triple 

12

 

Net
Commencement Date in the amount of One Million ($1,000,000.00) Dollars. Tenant has applied such credit in full against Minimum Rent due under the Original Lease. 

        Section 4.4.    Method of Payment.    

        (a)   All
payments of Rent required to be made to Landlord shall be in lawful money of the United States of America, which may be paid by check, subject to collection, and
shall be paid to Landlord without notice or demand at the address indicated above or to such other person or at such other place as Landlord may designate from time to time. At Landlord's or Tenant's
option such payments shall be made by wire transfer of immediately available Federal funds to such account as Landlord shall designate in writing to Tenant. 

        (b)   No
payment by Tenant or receipt by Landlord of a lesser amount than the Rent therein specified, nor any endorsement or statement on any check or letter accompanying such
check shall be deemed an accord and satisfaction, and Landlord my accept such check or payment without prejudice to Landlord's right to recover the balance of such Rent or pursue any other remedy
provided in this Lease. 

        Section 4.5.    Net Lease; No Counterclaim, Abatement, etc.    The Minimum Rent shall be in addition to all
other payments to be made by Tenant hereinafter provided. It is the intention of the parties that this Lease is a triple net lease, and Tenant shall pay all costs, charges, taxes, assessments and
other expenses of every character, ordinary or extraordinary, foreseen or unforeseen, for the payment of which Landlord or Tenant is or shall become liable by reason of its estate, right, title or
interest in the Demised Premises or which are connected with or arise out of the possession, use, occupancy, maintenance or repair of the Demised Premises or rebuilding of the Building or any portion
thereof, including, without limitation, those specifically referred to in this Lease, except to the extent that other provisions of this Lease expressly provide that certain matters or obligations
shall be at Landlord's sole cost and expense or words of similar import. Except as expressly set forth in this Lease, nothing contained in this Section 4.5 shall be deemed to obligate Tenant to
pay any of the foregoing costs,
charges, taxes, assessments and other expenses which relate to or arise out of the Landlord Space. Except as specifically set forth in Section 39.5 or elsewhere in this Lease, the Rent and all
other sums payable by Tenant hereunder shall be paid without notice, demand, counterclaim, setoff, deduction or defense and without abatement, suspension, deferment, diminution or reduction, and the
obligations and liabilities of Tenant hereunder shall in no way be released, discharged or otherwise affected (except as expressly provided herein) for any reason, including, without limitation:
(a) any defect in the condition, quality or fitness for use of the Demised Premises or any part thereof; (b) any change of grade of any abutting street; (c) any damage to or
destruction of or any Taking of the Demised Premises or any part thereof; (d) any change, waiver, extension, indulgence or other action or omission in respect of any obligation or liability of
Landlord; (e) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to Landlord, or any action taken with respect to
this Lease by any trustee or receiver of Landlord or by any court, in any such proceeding; (f) any claim which Tenant has or might have against Landlord; (g) any failure on the part of
Landlord to perform or comply with any of the terms hereof (including, without limitation, any failure to make Operating Payments or Tax Payments) or of any other agreement with Tenant; (h) any
action of any Public Authority; or (i) any other occurrence whatsoever, whether similar or dissimilar to the foregoing, whether or not Tenant shall 

13

 

have
notice or knowledge of any of the foregoing, but expressly excluding any restriction, prevention or curtailment of or interference with any use of the Demised Premises or any part thereof by
title paramount. The foregoing shall not be construed as a waiver of any rights of Tenant elsewhere set forth herein. Tenant waives all rights now or hereafter conferred by statute or otherwise to
quit, terminate, rescind, avoid or surrender this Lease or the Demised Premises or any part thereof, or to any abatement, suspension, deferment, diminution or reduction of Rent, or any other sum
payable by Tenant hereunder, including without limitation by reason of any bankruptcy, insolvency, reorganization, liquidation, dissolution or other proceeding affecting Landlord or any action with
respect to this Lease which may be taken by any trustee, receiver or liquidator or by any court. All payments by Tenant to Landlord made hereunder as required hereby shall be irrevocable, and Tenant
will not seek to recover any such payment or any part thereof for any reason whatsoever. Nothing contained in this Section 4.5 shall be construed to affect the rights of Landlord or Tenant
expressly set forth in this Lease. 

        Section 4.6.    Rights upon Non-Payment of Rent.    All Additional Rent and other payments provided
for under this Lease shall constitute Rent payable hereunder with the same effect as if the same were the Minimum Rent reserved and provided for herein and, in the event of the non-payment
by Tenant of any such Additional Rent or other payments when due according to the terms of this Lease, Landlord shall have the same rights and remedies in respect thereof as Landlord shall or may have
in respect of the non-payment of Minimum Rent herein reserved and provided for. 

        Section 4.7.    Late Charge.    If Tenant shall fail to pay when due any installment or payment of Rent or any
portion thereof for a period of five (5) days after such installment or payment shall have become due, Tenant shall pay interest thereon at a rate equal to the Interest Rate from the date when
such installment or payment shall have become due to the date of the payment thereof, and such interest shall be deemed Additional Rent. The provisions of this Section 4.7 are in addition to
all other remedies available by Landlord for nonpayment of Rent. 

ARTICLE 5  

 IMPOSITIONS  

        Section 5.1.    Payment of Impositions.    From and after the Effective Date, Tenant shall pay as Additional
Rent during the Term, before any fine, penalty, interest or cost may be added thereto or become due or be imposed by operation of law for the non-payment thereof, all Impositions. All
Impositions provided herein to be paid by Tenant, which have accrued or are prepaid at the commencement of the Term hereof, or which have accrued or are prepaid at the expiration or prior termination
of the term hereof, shall be apportioned between Landlord and Tenant (provided that in the event a Default exists under Section 17.1(a) hereof, Landlord shall be entitled to offset the amount
of such Default (together with interest at the Interest Rate) against the amount payable to Tenant hereunder). Tenant paid to Landlord any such apportionment owed to Landlord within thirty
(30) days of the Triple Net Commencement Date and Landlord shall pay to Tenant any such apportionment owed to Tenant within thirty (30) days of the Expiration Date. 

        Section 5.2.    Receipts.    Tenant shall furnish to Landlord within thirty (30) days after the last
date when any Imposition or any installment thereof is payable without penalty, 

14

 

official
receipts of the appropriate taxing authority, or other evidence reasonably satisfactory to Landlord, evidencing payment thereof. 

        Section 5.3.    Contests.    

        (a)   Tenant
shall have the right to contest the validity, in whole or in part, of any Imposition by appropriate proceedings diligently conducted in good faith but only after
payment of such Imposition unless such payment would operate as a bar to such contest or interfere materially with the prosecution thereof, in which event Tenant may postpone or defer payment of such
Imposition during the pendency of such proceedings if: 

        (i)    neither
the Demised Premises nor any part thereof would, by reason of such postponement or deferment, be in danger of being sold, forfeited or lost; and 

        (ii)   if
Tenant is not an Investment Grade Entity, Tenant shall have deposited with Landlord 100% the amount so contested and unpaid, together with all interest and penalties
in connection therewith and all charges that may or might be assessed against or become a charge on the Demised Premises or any part thereof in such proceedings, and shall have furnished to Landlord
additional security reasonably satisfactory to Landlord sufficient to cover such amount, together with interest, penalties and charges for the period which such proceedings may reasonably be expected
to take. 

Landlord
shall hold all funds deposited by Tenant pursuant to the preceding sentence in an interest bearing account in a New York Clearing House member bank, and the interest thereon shall be credited
to Tenant (Tenant to pay all taxes on such interest). Upon the termination of any such proceedings, Tenant shall pay, or may direct Landlord to pay out of such deposit, the amount of such Imposition
or part thereof as finally determined in such proceedings, the payment of which may have been deferred during the prosecution of such proceedings, together with any costs, fees, interest, penalties or
other liabilities accrued in connection therewith, and, upon such payment, Landlord shall return to Tenant, with interest, the balance of the amount, if any, deposited with Landlord with respect to
such Imposition. If, at any time during the continuance of such proceedings, Landlord shall reasonably deem the amount deposited insufficient, Tenant shall, within thirty (30) days after
written demand therefor, make an additional deposit of such sum as Landlord reasonably may request, and upon failure of Tenant so to do, Landlord in addition to any other remedy it may have, may apply
the amount theretofore deposited to the payment, removal and discharge of such Imposition, and the interest and penalties in connection therewith and any costs, fees or other liability accruing in any
such proceedings, and the balance, if any, shall be returned to Tenant. 

        (b)   Landlord
shall have the right, at Landlord's election, to participate in any such proceedings brought by Tenant pursuant to Section 5.3(a) hereof during the last
five (5) tax years during the Term hereof. Landlord has provided all information and transferred to Tenant all responsibility with respect to the tax certiorari proceedings with respect to the
Original Premises which was brought by Landlord for the tax year commencing on July 1, 2001, and ending on June 30, 2002. Tenant has employed counsel reasonably acceptable to Landlord to
consummate such proceedings. Landlord terminated the portion of the existing agreement 

15

 

between
Landlord and Deloitte & Touche which related to the 2001-2002 tax certiorari proceedings with respect to the Building and Land. In the event that Tenant elects not to bring
any such proceedings for any tax year during the Term hereof, Landlord shall have the right, but not the obligation, to bring such proceedings. The reasonable costs and expenses incurred by Landlord
in connection with any such proceedings shall be allocated between Landlord and Tenant in proportion to the respective amounts of square footage of the Demised Premises involved in such proceedings
and square footage of the balance of the Building involved in such proceedings. Any "net tax refund" (as hereafter defined) payable as a result of any proceedings to review such assessed valuations
shall be paid and belong to Tenant (provided that in the event a Default exists under Section 17.1(a) hereof, Landlord shall be entitled to offset the amount of such Default (together with
interest at the Interest Rate) against the amount payable to Tenant hereunder) except that any net tax refund payable as a result of any proceeding with respect to the 2001-2002 tax year
and the tax year in which this Lease terminates shall be apportioned between Landlord and Tenant. For purposes of this Section, the term "net tax refund" shall mean the tax refund actually received by
Tenant in contesting the assessed valuation of the Demised Premises (or the Original Premises, as applicable) less the expenses incurred by Tenant and Landlord in connection with such proceeding.
Tenant shall have the right to seek and receive any refund of any tax on its leasehold estate paid by it. 

        (c)   Tenant
acknowledges that Landlord entered into a certain Tax Agreement with the City of New York (the "Tax Agreement")
pertaining to the Building, a copy of which is attached hereto as Schedule C. Tenant hereby consents to the provisions of the Tax Agreement and agrees that, notwithstanding anything to the
contrary in this Section 5.3, Tenant shall comply with the provisions of Paragraphs 5, 6, 7 and 12 of the Tax Agreement. 

        (d)   Tenant
agrees to indemnify and save harmless Landlord against and from all liabilities, obligations, damages, penalties, claims, costs, charges and expenses incurred by
or asserted against Landlord under Paragraph 6 of the Tax Agreement as a result of any claims and demands made by Tenant or any tenant, subtenant or occupant of the Demised Premises, or any
portion thereof, that the Aggregate Value (as defined in the Tax Agreement) or the apportionment of the Aggregate Value should be by a methodology or apportionment of Aggregate Value other than that
set forth in the Tax Agreement. 

        Section 5.4.    ICIP Benefits.    

        (a)   Notwithstanding
anything to the contrary contained in Section 5.3, Tenant shall have no right to file, or to require Landlord to file, a tax protest or commence
or prosecute any reduction or other similar proceeding if such protest or proceeding would have any adverse effect on the ICIP Benefits (including the computation thereof), other than the reduction in
ICIP Benefits which would consequently result from a reduction in Impositions. 

        (b)   Landlord
represents that it has applied for the Real Property Tax Exemption and Deferral created by Title U, Chapter 2, Part 3 of the Administrative Code of the
City of New York for an abatement, deferral or reduction of the real estate taxes for the Improvements for a period of time. Landlord represents and warrants that attached hereto as
Schedule M-l is a true and complete copy of the referenced preliminary application. Landlord, at its expense, agrees that it shall timely comply with the provisions of Executive
Order Nos. 

16

 

50(1980)
and 108 (1986) and the rules and regulations promulgated thereunder, as the same may be amended, modified and supplemented and the requirements imposed by the New York City Industrial
Commercial Incentive Program and the regulations promulgated thereunder, as the same may be amended, modified or supplemented and all other applicable rules and regulations of Public Authorities (the  "ICIP Law") to ensure that it remains an eligible Recipient (as such term is defined under the ICIP Law) of the benefits under the ICIP Law. Landlord
shall take all actions and submit all reports, annual filings of certificates of continuing use and records to the Department of Finance, the Divisions of Labor Services and all other Public
Authorities involved in the administration of the ICIP Law and shall maintain all records and reports required to evidence such compliance. 

        (c)   Tenant
covenants that it has applied for the Real Property Tax Exemption and Deferral created by Title U, Chapter 2, Part 3 of the Administrative Code of the City
of New York for an abatement, deferral or reduction of the real estate taxes for the Improvements for a period of time. Tenant represents and warrants that attached hereto as
Schedule M-2 is a true and complete copy of the referenced preliminary application. Tenant, at its expense, agrees that it shall timely comply with the ICIP Law to ensure that it
remains an eligible Recipient (as such term is defined under the ICIP Law) of the benefits under the ICIP Law.    Tenant shall take all actions and submit all reports, annual filings of
certificates of continuing use and records to the Department of Finance, the Divisions of Labor Services and all other Public Authorities involved in the administration of the ICIP Law and shall
maintain all records and reports required to evidence such compliance. 

        (d)   Landlord
and Tenant shall each (both for its own benefit and the benefit of the other party): (I) supply information and comply with such reporting requirements
as are necessary to comply with and/or obtain the benefits of the ICIP Law and (II) submit all reports, annual filings of certificates of continuing use and records to the Department of
Finance, the Division of Labor Services and all other Public Authorities involved in the administration of the ICIP Law and (III) maintain all records and reports required to evidence such
compliance, except that no such cooperation with the other party shall require either party to reveal proprietary business information unrelated to the matters below or to materially modify or
restrict its hiring practices or operations in conducting its business in (as opposed to the construction of) the Landlord Space or the Demised Premises, as applicable, and each party shall: 

        (i)    provide
access to the Landlord Space or the Demised Premises, as applicable, by employees and agents of the Department of Finance of the City of New York or any
successor agency at all reasonable times and upon reasonable prior notice at the request of the other party; 

        (ii)   report
to the other party upon request the number of workers permanently engaged in employment in the Landlord Space or the Demised Premises, as applicable, the nature
of each worker's employment and the residency of each worker; and 

        (iii)  provide
any other access, records or information (other than proprietary business information) which may be reasonably required by the other party in connection with
such party's compliance with the ICIP Law. 

17

  

        (e)   Neither
party shall be required (I) to pay Impositions which become due because of the failure by the other party to comply with the ICIP Law, or
(II) otherwise relieve or indemnify the other party from any personal liability arising under the ICIP Law, except where imposition of such Impositions or liability is occasioned by actions or
non-actions of such party. Landlord and Tenant shall indemnify each other for any liability incurred by each as a result of the other's failure to comply with the ICIP Law. 

        (f)    Each
party agrees, at no cost or exposure to itself, to reasonably cooperate with the other party in order to enable the other party to realize the maximum benefits
available to the other party with respect to any work or Alterations made by the other party under the ICIP Law or other similar incentive program, provided such benefits do not adversely affect the
value of the Landlord Space or the Demised Premises, as applicable. 

        Section 5.5.    Joinder of Landlord.    Landlord shall not be required to join in any proceedings referred to
in Section 5.3(a) hereof unless the provisions of any Legal Requirement at the time in effect shall require that such proceedings be brought by or in the name of Landlord or any owner of the
Demised Premises, in which event Landlord shall join in such proceedings, or permit the same to be brought in its name. Landlord shall not be subjected to any liability for the payment of any costs or
expenses in connection with any such proceedings, and Tenant will indemnify and save harmless Landlord from any such costs and expenses (including, without limitation, reasonable attorneys' fees and
expenses incurred by Landlord). Except as otherwise provided in Section 5.3(b) hereof, Tenant shall be entitled to any refund of any Imposition and penalties or interest thereon received by
Landlord, which have been paid by Tenant and Landlord agrees to pay or assign the same to Tenant. 

        Section 5.6.    Evidence of Non-Payment.    The certificate, advice, notice or bill of the
appropriate official designated by law to make or issue the same, or to receive payment of any Imposition, of non-payment of such Imposition shall be prima facie evidence that such
Imposition is due and unpaid at the time of the making or issuance of such certificate, advice, notice or bill. 

        Section 5.7.    Tax Deposits.    Notwithstanding the foregoing provisions of this Article 5, if at any
time any Material Monetary Default shall have occurred, Landlord may at any time thereafter give a notice to Tenant referring to this Section 5.7 and, if such notice shall be given, Tenant
shall be obligated from and after the date which is ten (10) days after receipt of such notice to pay to Landlord in equal monthly installments, on the first day of each month during the
balance of the Term and any extended term of this Lease, an amount equal to one-twelfth of the annual Impositions for each fiscal tax year (collectively, "Tax
Deposits"); provided, however, that in the event no Material Monetary Default shall occur for a period of two years from any Material Monetary Default which gives rise to
Tenant's obligation to make Tax Deposits, Tenant's obligation to make such Tax Deposits shall cease until a subsequent Material Monetary Default may thereafter occur. Tax Deposits shall in the first
instance be based on the Impositions for the prior fiscal tax year, and when such Impositions shall be ascertained for the current tax year, appropriate adjustments shall be made. Landlord shall keep
all Tax Deposits in an interest bearing account in a New York Clearing House member bank, and the interest thereon shall be credited to Tenant (Tenant to pay all taxes on such interest). Landlord
shall apply Tax Deposits to the payment of the annual Impositions as same become due and payable. From time to time upon notice to Tenant by Landlord, Tax Deposits shall be increased to such amounts
as 

18

 

may
be necessary to provide a fund sufficient to meet the payment of the annual Impositions (or any installment thereof) as and when due and payable, whether on the present dates of payment or on
such other dates as may be fixed by Legal Requirements. 

        Section 5.8.    Fines and Penalties.    Tenant shall pay all interest, late fees or penalties imposed on
Landlord or Tenant for late payment of any Impositions payable during the Term. 

        Section 5.9.    Other Taxes.    Tenant shall pay any sales tax payable with respect to the leasing of the
Existing Furniture and/or any other equipment or personal property to Tenant. 

ARTICLE 6  

 USE AND OPERATION OF THE DEMISED PREMISES  

        Section 6.1.    Use.    

        (a)   The
Non-Retail Space shall be used and occupied solely for administrative, executive and general offices, subject to the Certificate of Occupancy for the
Building, in a manner befitting a First-Class Office Building, and for any other lawful uses incidental thereto which are generally in
keeping with the character, reputation and appearance of First-Class Office Buildings and for no other purposes. 

        (b)   The
Retail Space shall be used and occupied solely for (i) the uses set forth in Section 6.1(a) and/or (ii) retail purposes in a manner befitting a
First-Class Office Building, subject to the "Retail Standards" as defined in Section 14.4(c) hereof, and for any other lawful uses incidental thereto which are generally in keeping with the
character, reputation and appearance of First-Class Office Buildings and for no other purposes. 

        Section 6.2.    Prohibitions.    

        (a)   Anything
to the contrary provided in Section 6.1 notwithstanding, in no event shall Tenant ever use, or suffer or permit anyone to use, all or any portion of the
Demised Premises (i) as an office of any governmental agency or government (including, without limitation, an autonomous governmental corporation or any entity having governmental immunity)
(other than by federal, state or other governmental regulators, Internal Revenue Service auditors or similar governmental, federal, state or city persons, in each event while performing a review of
Tenant's business) or any diplomatic or trade mission; (ii) as a school, classroom or college or facility providing or furnishing training, instructional or educational services of any kind
other than in connection with Tenant's operations (provided that such school, classroom or facility is not operating as a private business); (iii) as a restaurant or any facility selling or
serving food or beverages to the public except for "in-house" cafeteria and executive dining facilities for the officers, employees and guests of Tenant and its subtenants or as set forth
in Section 14.4(c) hereof or as contemplated in the Shared Services Agreement; (iv) as an employment or placement agency other than as an executive search firm; (v) as a messenger
and/or photographic and/or reproduction service other than for those services in connection with, and incidental to, Tenant's business only; (vi) as a mailing address or telephone answering
service; (vii) as a personal loan or check cashing business, except as part of the business of a 

19

 

bank,
trust company or savings and loan association; (viii) for gambling or gaming activities, including New York City Off Track Betting or any other governmentally sponsored betting activity;
(ix) for conducting an auction, but nothing contained in this subclause (ix) shall preclude Tenant from soliciting bids for sales or purchases on behalf of Tenant and its clients or from
distributing information or conducting negotiations with respect to any such purchases or sales or actually holding such auctions as a part of the business of Tenant as a bank or an investment bank;
and/or (xi) for medical, dental, or psychiatric offices or for the providing of any therapeutic services other than for use solely by employees of Tenant or Landlord and people employed in the
Building. In addition, in no event shall Tenant ever use, or suffer or permit anyone to use, all or any portion of the Non-Retail Space as a retail operation (except nothing herein
contained shall prevent or prohibit Tenant from using the Demised Premises for the retail sale of stock, bonds or other financial products sold by Tenant to individuals who "walk-in" off
the street provided a "retail" brokerage operation primarily intended for retail sales to "walk-in" customers is not operated in the Non-Retail Space unless CSFB is the Tenant
hereunder), including as a barber shop (except for "in-house" facilities for the officers, employees and guests of Tenant), restaurant or any facility selling or serving food or beverages
to the public. Use of the Demised Premises by any of Tenant's Affiliates, subtenants or any other person claiming by, through or under Tenant including parties with whom Tenant has contracted to
provide services to Tenant (collectively referred to as "In-House Service Providers") such as, by way of example only, copy reproduction and
messenger services, shall be deemed to be use of the Demised Premises by Tenant for the purposes of this Article 6, but nothing contained herein shall be, or be deemed to be, a consent to such
occupancy by any such party. 

        (b)   In
the event Tenant operates, or permits the operation of, any offset printing or photographic reproduction in or on any portions of the Demised Premises, then Tenant
(A) represents, covenants and warrants that, throughout the term of this Lease, in connection with such operation, (i) neither Tenant nor anyone claiming by, through or under Tenant,
shall generate, use or store any Hazardous Materials, as defined in Article 28.2 hereof, in or upon the Demised Premises, except for normal quantities of those substances (the  "Permitted Substances") used in the operation of a photographic reproduction and/or offset printing operation, incidental to Tenant's business, and
(ii) all operations or activities upon, or any use or occupancy of, in or on any portion of the Demised Premises, by Tenant, and any tenant, subtenant or occupant of the Demised Premises, or
any portion thereof, throughout the term of this Lease, shall be in all respects in compliance with all Legal Requirements governing or in any way relating to the generation, handling, manufacturing,
treatment, storage, use, transportation, spillage, leakage, dumping, discharge or disposal (whether legal or illegal, accidental or intentional) of the Permitted Substances and (B) agrees to
indemnify, protect, defend (with counsel reasonably acceptable to Landlord, but paid for by Tenant) and hold Landlord, and the directors, officers, shareholders, employees and agents of Landlord,
harmless from and against any and all claims (including, without limitation, third party claims for personal injury or real or personal property damage), actions, administrative proceedings
(including, without limitation, informal proceedings), judgments, damages, punitive damages, penalties, fines, costs, liabilities (including, without limitation, sums paid in settlement of claims),
losses, consultant fees and expert fees, together with all other costs and expenses of any kind or nature (collectively, the "Indemnity Costs") that
arise directly or indirectly from or in connection with Tenant's breach of, of failure to comply with, clauses (i) and/or (ii) of this Section 6.2(b)(A), and in the event 

20

 

Landlord
shall suffer or incur any such Indemnity Costs, Tenant shall pay to Landlord the total of all such Indemnity Costs suffered or incurred by Landlord upon demand therefor by Landlord. 

        Section 6.3.    Occupancy.    Tenant shall not cause, maintain or permit any nuisance in or about the Demised
Premises and shall keep the Demised Premises free of anything of a dangerous, noxious, toxic or offensive nature or which could create a fire hazard or undue vibration, heat or noise not customary in
a First-Class Office Building. Tenant shall not do anything to permit or suffer any waste, damage or injury to or upon the Demised Premises or any part thereof not customary in a First-Class Office
Building. 

        Section 6.4.    Compliance with Legal and Insurance Requirements, etc.    (a) Subject to Section 6.5(a),
Tenant at its expense (but subject to any reimbursement provided for in Section 9.5) will comply with all Legal Requirements and Insurance Requirements, whether ordinary or extraordinary,
structural or nonstructural, foreseen or unforeseen, and whether or not compliance shall require structural changes
in the Demised Premises or interfere with the use or enjoyment of the Demised Premises or any part thereof and will comply with any instruments of record set forth on Schedule D hereto at any
time in force affecting the Demised Premises or any part thereof if the failure to comply with the same may result in the creation of a lien, liability or forfeiture of title. Tenant acknowledges that
Tenant is aware that the Tower has been designated as a landmark by federal, state and municipal Public Authorities and agrees to comply with all Legal Requirements pertaining thereto as such affect
the portion of the Demised Premises located in the Tower. Without limiting the generality of the foregoing, Tenant shall comply with all requirements of the Americans With Disabilities Act of 1990, as
amended (the "ADA"), and the Resource Conservation Recovery Act, 42 U.S.C. §§6901 et seq., as amended, and shall not use or
occupy or permit the Demised Premises to be used or occupied, nor do, or permit anything to be done, in, on or about the Demised Premises, in whole or in part, in a manner which would in any way make
void or voidable any insurance then in force with respect thereto, or make it impossible to obtain fire or other insurance thereon required to be furnished by Tenant, or which will cause or be apt to
cause structural injury to the Demised Premises or any part thereof. Notwithstanding the foregoing, if Landlord or any tenant of the Landlord Space (other than Tenant) performs any work or Landlord
Alterations anywhere in the Landlord Space and, as a result thereof, Tenant would be required to perform ADA work or Tenant Alterations in the Demised Premises, then Tenant shall perform such work at
Landlord's sole cost and expense. Landlord shall reimburse Tenant for such costs and expenses within thirty (30) days after written demand therefor. 

        (b)   Subject
to Section 6.5(c), Landlord, at its expense, shall comply with all Legal Requirements relating to the Landlord Space including, without limitation, those
applicable to the making of any Landlord Alterations in the Landlord Space or the result of the making of such Landlord Alterations and those applicable by reason of the nature or type of business
operated by Landlord in the Landlord Space. Landlord shall not be under any obligation to make any Landlord Alterations in order to comply with Legal Requirement applicable to the mere general
"office" use (as opposed to the manner of use) of the Landlord Space, unless expressly required herein or if required as a result of any Landlord Alterations made by Landlord. 

        (c)   Subject
to Section 6.5(c), Landlord, at its expense, shall comply with and expressly assumes all responsibility for compliance with the ADA relating to the
Landlord Space, including, but not limited to, any path of travel alterations from the elevators 

21

 

serving
the Landlord Space through each portion of the Landlord Space and any requirements of the ADA relating to the Landlord Space. Any Landlord Alterations required to be performed by Landlord to
the Landlord Space for the purpose of complying with the ADA, as aforesaid, or which otherwise require compliance with the ADA, shall be done in accordance with the terms, provisions, agreements,
covenants and conditions of this Lease. Notwithstanding the foregoing, if Tenant has performed any work or Tenant Alterations anywhere in the Demised Premises (to prepare the same for Tenant's use or
occupancy as opposed to performing Tenant's obligations under this Lease) and, as a result thereof, Landlord would be required under any Legal Requirement to perform Landlord Alterations in the
Landlord Space (each, a "Tenant-Triggered Alteration"), then Landlord shall perform such Tenant-Triggered Alteration at Tenant's sole cost and expense
(which shall be reimbursed to Landlord within thirty (30) days after written demand thereof). 

        (d)   Tenant
shall comply with (i) all ADA requirements which are not the obligation of the Landlord pursuant to Section 6.4(c) and (ii) all other Legal
Requirements affecting the Building, which are not the responsibility of Landlord under Section 6.4(b). Tenant shall have the right to contest the applicability or validity of any Legal
Requirement as provided in Section 6.5. 

        Section 6.5.    Permitted Contests.    

        (a)   Tenant,
at its expense, after written notice to Landlord, may contest, by appropriate proceedings prosecuted diligently and in good faith, the validity or applicability
of any Legal Requirement (and, if necessary, in the name of, but without expense or liability to, Landlord) and may defer Tenant's compliance therewith, provided that; (i) none of Landlord, IDA
or their respective agents shall be subject to criminal penalty or to prosecution for a crime, or any criminal fine or charge, nor shall the Land or Improvements or any part thereof be subject to
being condemned or vacated by reason of non-compliance or otherwise by reason of such contest; (ii) before the commencement of any contest regarding the validity or applicability of
any Legal Requirement as to which Tenant desires to contest, if the cost of such compliance (as reasonably estimated by Landlord) is over Fifty Million and no/100 ($50,000,000.00) Dollars, as adjusted
by CPI (as hereinafter defined), Tenant shall furnish to Landlord the bond of a surety company reasonably satisfactory to Landlord, in form and substance reasonably satisfactory to Landlord and in an
amount equal to not less than one hundred twenty-five (125%) percent of the cost of such compliance and Tenant shall indemnify Landlord and IDA against the cost of such compliance and any
liability resulting from, or incurred in connection with, such contest or non-compliance; (iii) such non-compliance or contest shall not constitute or result in any
breach of Landlord's obligations under any Fee Mortgage (as such term is hereinafter defined) as to which Tenant has been given written notice and copies of the relevant documentation, or if any Fee
Mortgagee (as such term is hereinafter defined), shall condition such noncompliance or contest upon the taking of action or furnishing of security by Landlord and such actions or security are then
customary practices among institutional lenders, such action shall be taken and such security shall be furnished at the expense of Tenant; (iv) neither such noncompliance or contest nor the
continuation thereof shall adversely affect Landlord's or Tenant's ability to obtain any permit required in connection with the construction, operation or occupancy of all or any portion of the
Demised Premises; and (v) Tenant shall keep Landlord regularly advised as to the status of such proceedings. Landlord and/or IDA shall be deemed subject to prosecution for a crime if 

22

 

Landlord,
IDA, any Fee Mortgagee or any of their officers, directors, partners, shareholders, agents or employees is, or can be, charged with a crime of any kind whatever. 

        (b)   "adjusted by CPI" shall mean that the amount in question shall be adjusted on each anniversary of the date of the
Original Lease by adding to the amount in question (as of the date the Original Lease was executed but not as theretofore increased) an amount equal to the product of (i) such amount and
(ii) the percentage of increase, if any, in the Consumer Price Index for the month in which the applicable anniversary occurs over the Consumer Price Index for the month in which the Original
Lease shall have been executed. "Consumer Price Index" shall mean the Consumer Price Index for all
Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor, New York, New York-Northeastern New Jersey Area (1982-84 = 100), or
any successor indexed thereto. In the event that the Consumer Price Index is converted to a different standard reference base or otherwise shall be made with the use of such other conversion factor,
formula or table for converting the Consumer Price Index as may be published by the Bureau of Labor Statistics or, if said Bureau shall not publish the same, then with the use of other such conversion
factor, formula or table as may be published by Prentice-Hall, Inc., or any other nationally recognized publisher of similar statistical information, provided that if there shall be
no successor index and the parties shall be unable to agree on a substitute index within thirty (30) days, or if the parties shall fail to agree on the appropriate adjustment of such successor
or substitute index within thirty (30) days, a substitute index or the appropriate adjustment of a successor or substitute index, as the case may be, shall be determined by arbitration pursuant
to Article 21. 

        (c)   Landlord,
at its expense, after written notice to Tenant, may contest, by appropriate proceedings prosecuted diligently and in good faith, the validity or applicability
of any Legal Requirement as to which Landlord has the obligation to comply pursuant to Section 6.4; provided such is done in accordance with Section 6.5 as if Landlord were Tenant and
Tenant were Landlord. 

        Section 6.6.    Bridge and Tunnel.    Landlord shall, at Landlord's expense, take all reasonable actions to
obtain the consent of the City of New York to the use by Tenant of the Bridge and Tunnel or to assign to Tenant the Revocable Consent Agreement granted by the City of New York for use of the Tunnel
(the "Tunnel Agreement") and the Revocable Consent Agreement granted by the City of New York for use of the Bridge (the "Bridge
Agreement") if assignment thereof is necessary for Tenant's use of the Tunnel and Bridge. If the Tunnel Agreement and the Bridge Agreement are assigned to Tenant. Tenant shall,
at Tenant's expense, keep the Tunnel Agreement and Bridge Agreement in full force and effect during the Term. If the Tunnel Agreement and the Bridge Agreement are not assigned to Tenant, Landlord
shall, at Tenant's expense, keep the Tunnel Agreement and Bridge Agreement in full force and effect during the Term. Each of Landlord and Tenant agrees not to take any action to terminate or revoke
the Tunnel Agreement or the Bridge Agreement without the prior written consent of the other party. 

        Section 6.7.    Subway Entrance Agreement.    Landlord agrees that the failure by Tenant to comply with the
provisions of the agreement between Landlord and Metropolitan Transportation Authority solely with respect to providing access to the public from the Subway 

23

 

Entrance
directly into the Building shall not be deemed to be a default by Tenant under this Lease. 

        Section 6.8.    For
purposes of this Article 6, references to Tenant shall mean Tenant, and its permitted subtenants, and all permitted occupants of the Demised
Premises claiming under or through Tenant. 

        Section 6.9.    Landlord Agreement.    Landlord agrees that the Landlord Space shall be occupied in accordance
with Sections 6.1, 6.2, 6.3 and 6.8, including, without limitation, the rentable areas of the Tower located on the lobby level and/or the second (2nd) floor and/or the portion of the
concourse level B-2 included in the Landlord Space (which areas represent the portion of the Landlord Space that may be used as retail space under the certificate of occupancy for the
Building) as if Landlord were Tenant and Tenant were Landlord. 

ARTICLE 7  

 INSURANCE  

        Section 7.1.    Hazard Insurance.    (a) From and after the Effective Date, Tenant shall, at Tenant's
sole cost and expense (except as provided below), throughout the Term, for the mutual benefit of Landlord and Tenant, secure and keep in force the following insurance
("Required Insurance"): 

        (i)    Primary
and Non-Contributory Commercial General Liability Insurance covering the Building on an occurrence basis against all claims for personal injury,
bodily injury, death and property damage, including contractual liability covering Tenant's indemnification obligations in this Lease. Such insurance shall be for limits not less than a combined
single limit of Fifty Million Dollars ($50,000,000.00); 

        (ii)   "all-risk"
casualty insurance, on an extended coverage basis, including boiler and machinery, protecting against all risk of physical loss or damage to the
Building from fire, windstorm, sprinkler leakage, drains and seepage, flood, earthquake, and other casualties customarily covered by risk insurance, in amounts not less than the full replacement value
of the Building, as appraised from time to time by appraisers and/or engineers approved by Landlord and by the insurers under applicable Required Insurance (but not more frequently than once in every
twenty-four (24) month period); 

        (iii)  "all-risk"
casualty insurance in an amount adequate to cover the full replacement cost of all Voluntary Alterations (as defined herein) and all of Tenant's
furniture, fixtures, equipment and other personal property (collectively, "Tenant's Property"); 

        (iv)  rental
value or business interruption insurance on a "rented or vacant" basis against loss or damage by fire, lightning, vandalism, malicious mischief, riot and civil
commotion, and all other hazards covered by "all-risk" casualty insurance in an amount sufficient to pay all Minimum Rent and Additional Rent under this Lease for a 

24

 

period
of twelve (12) months, including all Impositions required to be paid for such period; 

        (v)   in
the event a motor vehicle is to be used by Tenant in connection with its business operation from the Demised Premises, Comprehensive Automobile Liability Insurance
coverage with limits of not less than Three Million Dollars ($3,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on
behalf of Tenant, its agents and employees in connection with this Lease, of any owned, non-owned or hired motor vehicles; 

        (vi)  host
liquor liability insurance; 

        (vii) appropriate
workers' compensation and employer's liability insurance in respect of any work on or about the Demised Premises in compliance with the workers'
compensation law of any Public Authority; 

        (viii) appropriate
builder's risk insurance with respect to any Tenant Alterations (including, without limitation, any Restoration) or other work on or about the Demised
Premises or any part thereof; and 

        (ix)  when
reasonably required by Landlord, such other insurance against other insurable hazards and in such amounts as may from time to time be commonly and customarily
insured against First-Class Office Buildings in New York City. 

        (b)   Landlord
shall maintain, at its own cost and expense, for the mutual benefit of Tenant and Landlord, primary and non-contributory insurance with a company or
companies reasonably acceptable to Tenant and licensed to do business or authorized in New York State, insuring Landlord as follows: 

        (i)    Primary
and Non-Contributory Commercial General Liability Insurance covering the Landlord Space on an occurrence basis against all claims for personal
injury, bodily injury, death and property damage, including contractual liability covering Landlord's indemnification obligations in this Lease and owner's protective liability insurance. Such
insurance shall be for limits not less than a combined single limit of Thirty Million Dollars ($30,000,000); 

        (ii)   Employers'
Liability Insurance with a minimum limit of One Million Dollars ($1,000,000) and Workers' Compensation insurance in statutory limits; 

        (iii)  "All
Risks" Property Insurance in an amount adequate to cover the full replacement cost of all Landlord's furniture, fixtures, equipment and other personal property; 

        (iv)  In
the event a motor vehicle is to be used by Landlord in connection with its business operation from the Landlord Space, Comprehensive 

25

 

Automobile
Liability Insurance coverage with limits of not less than Three Million Dollars ($3,000,000) combined single limit coverage against bodily injury liability and property damage liability
arising out of the use by or on behalf of Landlord, its agents and employees in connection with the Landlord Space, of any owned, non-owned or hired motor vehicles; and 

        (v)   Host
liquor liability insurance. 

        Section 7.2.    Minimum Levels of Insurance.    (a) Notwithstanding the provisions of
Section 7.1(a) hereof, commencing three (3) months prior to the second (2nd) anniversary of the Commencement Date and every two (2) years thereafter or at any time
during the Term of this Lease in which Tenant's use or occupancy of the Demised Premises changes in any material respect from Tenant's present use or occupancy, Landlord may request, in writing, that
Tenant agree to revise the minimum levels of insurance set forth in Section 7.1(a) hereof to reflect the minimum levels of insurance for premises of the size, nature, construction, location,
use and occupancy comparable to that of the Improvements. 

        (b)   Notwithstanding
the provisions of Section 7.1(b) hereof, commencing three (3) months prior to the second (2nd) anniversary of the
Commencement Date and every two (2) years thereafter or at any time during the Term of this Lease in which Landlord's use or occupancy of the Landlord Space changes in any material respect from
Landlord's present use or occupancy, Tenant may request, in writing, that Landlord agree to revise the minimum levels of insurance set forth in Section 7.1(b) hereof to reflect the minimum
levels of insurance for premises of the size, nature, construction, location, use and occupancy comparable to that of the Improvements. 

        Section 7.3.    Policy Provisions.    

        (a)   All
insurance provided for in Sections 7.1(a) and (b) shall be effected under valid and enforceable policies issued by insurers having a current A.M. Best
Company, Inc. policyholders' rating of "A" or better and a financial size category of "Class VI" and licensed or authorized to do business in the jurisdiction where the Demised Premises
are located or such other insurers that may be acceptable to
Landlord. If the A.M. Best Company, Inc. ratings shall cease to be published, then for purposes of this Lease, there shall be substituted therefor such alternative ratings as Landlord
and Tenant shall agree on, and, if they are unable within sixty (60) days after the A.M. Best Company, Inc. ratings cease to be published to so agree, such alternative ratings
shall be determined by arbitration pursuant to Article 21 hereof. 

        (b)   All
policies of insurance provided for in Sections 7.1(a) and (b), and/or the certificates therefor, other than with respect to workers' compensation, shall: 

        (i)    name
Landlord, Tenant, the holder of any Fee Mortgage and New York City Industrial Development Agency ("IDA") (and, with
respect to commercial general liability insurance, the Board of Managers of the Condominium (as defined below)) as the insureds, as their respective interests may appear; 

26

 

        (ii)   provide
that such policies shall not be cancelled or materially changed without at least thirty (30) days' prior written notice to each insured named therein; 

        (iii)  provide
for a commercially reasonable deductible; 

        (iv)  waive
any defense based on any act or omission of the Board of Managers, Landlord, Tenant, IDA, the other owners of Units (as defined below), if any, other tenants or
subtenants of the Building and their respective agents, contractors and employees, which might otherwise result in forfeiture of such insurance; 

        (v)   not
permit (by endorsement or otherwise) cancellation for default in payment of any loan financing the premiums; 

        (vi)  waive
any right of subrogation, setoff, counterclaim, or deduction as to any liability of Landlord, Tenant, IDA, the Board of Managers, the other owners of Units, if
any, and their respective agents and employees, if the same is available at commercially reasonable cost at the time (or if not available at commercially reasonably cost, if the other party pays any
additional premium levied by the insurance company for such waiver); 

        (vii) provide
that the loss, if any, thereunder shall be adjusted and paid as provided in this Lease; and 

        (viii) any
other reasonable requirements of any Fee Mortgagee (as defined herein). 

        Section 7.4.    Delivery of Policies.    Upon the issuance thereof and thereafter not less than ten
(10) days prior to the expiration dates of the expiring policies, copies (or at the request of Landlord, originals) of the policies provided for in Section 7.1(a) or, if blanket policies
are in existence, certificates thereof, shall be delivered to Landlord and any Fee Mortgagee. Upon the issuance thereof and thereafter not less than ten (10) days prior to the expiration dates
of the expiring policies, copies (or at the request of Tenant, originals) of the policies provided for in Section 7.1(b) or, if blanket policies are in existence, certificates thereof, shall be
delivered to Tenant. 

        Section 7.5.    Waivers.    (a) Tenant agrees that it will include in its fire insurance policies
appropriate clauses pursuant to which the insurance companies (i) waive all right of subrogation against Landlord and/or any tenant of space in the Building with respect to losses payable under
such policies and/or (ii) agree that such policy or policies shall not be invalidated should the insured waive in writing prior to a loss any or all right of recovery against any party for
losses covered by such policy or policies. If Tenant is unable to obtain in such policy or policies either of the clauses described in the preceding sentence, Tenant shall, if legally possible and
without necessitating a change in insurance carriers, have Landlord named in such policy or policies as an additional insured. 

        (b)   Landlord
agrees to include, in its fire insurance policy or policies on Landlord's property, appropriate clauses pursuant to which the insurance company or companies 

27

 

(i) waive
the right of subrogation against Tenant and/or any tenant of space in the Building with respect to losses payable under such policy or policies and/or (ii) agree that such
policy or policies shall not be invalidated should the insured waive in writing prior to a loss any or all right of recovery against any party for losses covered by such policy or policies. If
Landlord is unable to obtain in such policy or policies either of the clauses described in the preceding sentence, Landlord shall, if legally possible and without necessitating a change in insurance
carriers, have Tenant named in such policy or policies as an additional insured. 

        (c)   To
the extent of the waiver included in Tenant's fire insurance policy pursuant to subsection (a) above or, if Tenant fails to comply with its obligations under
such subsection (a), to the extent of the waiver which would have been included if Tenant had procured the same, Tenant hereby waives any and all right of recovery which it might otherwise have
against Landlord, its servants, agents and employees, for loss or damage occurring to the Building and the fixtures, appurtenances and equipment therein, to the extent the same is covered by Tenant's
insurance, notwithstanding that such loss or damage may result from the negligence or fault of Landlord, its servants, agents or employees. To the extent of the waiver included in Landlord's fire
insurance policy pursuant to subsection (b) above or, if Landlord fails
to comply with its obligations under such subsection (b), to the extent of the waiver which would have been included if Landlord had procured the same, Landlord hereby waives any and all right of
recovery which it might otherwise have against Tenant, its servants, and employees and against every other tenant in the Building who shall have executed a similar waiver as set forth in this
Section 7.5(c) for loss or damage to Landlord's furniture, furnishing, fixtures and other property removable by Landlord under the provisions hereof to the extent that same is covered by
Landlord's insurance, notwithstanding that such loss or damage may result from the negligence or fault of Tenant, its servants, agents or employees, or such other tenant and the servants, agents or
employees thereof. 

        (d)   Each
of Tenant and Landlord hereby agrees to advise each other promptly if the clauses to be included in their respective insurance policies pursuant to subparagraphs
(a) and (b) above cannot be obtained, and thereafter to furnish the other with a Certificate of Insurance or copy of such policies showing the naming of the other as an additional
insured, as aforesaid. Each of Tenant and Landlord hereby also agrees to notify the other promptly, but no later than thirty (30) days after such party becomes aware, of any cancellation or
change of the terms of any such policy which would affect such clauses or naming. All such policies which name both Tenant and Landlord as additional insureds shall, to the extent obtainable, contain
agreements by the insurers to the effect that no act or omission of any additional insured will invalidate the policy as to the other additional insureds. 

        Section 7.6.    Blanket Policies.    Any insurance required by the terms of this Lease to be carried by Tenant
may be under a blanket policy (or policies) covering other properties of Tenant and/or Tenant's Affiliates, provided that (i) Landlord and all other additional insureds required to be named by
Tenant pursuant to this Article are named as additional insureds as their interests may appear, (ii) the Building is expressly listed (by address) as a covered property, (iii) the amount
of coverage allocated to the Building shall be expressly listed, and shall not be less than the amounts otherwise required hereunder, and (iv) such blanket policy shall not diminish the
obligations of Tenant so that the proceeds from such blanket policy shall be an amount no less than the amount of the proceeds that would be available if Tenant obtained the required insurance under
policies separately insuring the risks which this Lease requires Tenant to insure. Any 

28

 

insurance
required by the terms of this Lease to be carried by Landlord may be under a blanket policy (or policies) covering other properties of Landlord and/or its related or affiliated
corporations, provided that Tenant and all other additional insureds required to be named by Landlord pursuant to this Article arc named in such policy as additional insureds. 

        Section 7.7.    Additional Insurance.    (a) Tenant shall not secure separate insurance concurrent in
form or contributing in the event of loss with any insurance policy required under this Lease unless Landlord, IDA and the Fee Mortgagee are included as additional insured and loss payee, as their
interests may appear. Tenant shall give Landlord written notice promptly upon securing any such separate insurance, specifying the insurer and the full particulars of applicable policies. 

        (b)   Landlord
shall not secure separate insurance concurrent in form or contributing in the event of loss with any insurance policy required under this Lease unless Tenant is
included as additional insured and loss payee, as its interests may appear. Landlord shall give Tenant written notice promptly upon securing any such separate insurance, specifying the insurer and the
full particulars of applicable policies. 

        Section 7.8.    No Liability.    (a) Except as expressly set forth in this Lease, since Landlord has
(and shall have) no obligation under this Lease or otherwise (except as provided in Section 3.1 respect to the Rehabilitation Work) to maintain or repair the Demised Premises from and after the
Effective Date, Landlord shall not be liable for, and Tenant waives all claim for, any injury or damage to Persons or property resulting from any equipment or appurtenances coming out of repair, fire,
explosion, falling plaster, broken glass, steam, gas, electricity, water, wind, rain, snow or other natural elements, or leaks from any part of the Demised Premises, or from the pipes, appliances,
tanks, plumbing, roof, street, or subsurface, or the backing up of any sewer pipe or drain downspout, or from any other place, or by dampness or steam, or from theft or other criminal activity, or
from the acts or omissions of other tenants or occupants or owners of nearby properties, or any other cause of whatsoever nature. 

        (b)   Except
as expressly set forth in Section 15.1, Tenant or its agents shall not be liable for any injury or damage to persons or property resulting from fire,
explosion, falling plaster, steam, gas, electricity, water, rain, or snow or leaks from any part of the Building, or from the pipes, appliances or plumbing works or from the roof, street or subsurface
or from any other place or by dampness or by any other cause of whatsoever nature, except to the extent any of the foregoing shall be caused by or due to the willful misconduct or negligent act or
omission (or in violation of Tenant's obligations under, or covenants, terms, provisions or agreements contained in, this Lease or which would be violative of Legal Requirements or Insurance
Requirements which Tenant is obligated to comply with pursuant to the covenants, provisions or agreements of this Lease) of Tenant, its agents, servants or employees, subject in each event to the
provisions of Section 27.20 hereof. 

        Section 7.9.    Failure to Maintain Insurance.    (a) If Tenant shall fail to furnish or maintain the
insurance coverages required to be obtained and maintained by Tenant pursuant to, and as required by, Section 7.1(a) and to furnish evidence reasonably satisfactory to Landlord that such
insurance coverages have been obtained and are, at all times throughout the Term, in full force and effect, Landlord shall have the right (but not the obligation) to obtain and maintain such 

29

 

insurance
coverages on behalf of Tenant and Tenant hereby covenants and agrees to (i) furnish Landlord with all necessary information required by Landlord to obtain and maintain such insurance
coverages and (ii) to pay the premiums therefor within thirty (30) days after Landlord's demand for such payment. 

        (b)   If
Landlord shall fail to furnish or maintain the insurance coverages required to be obtained and maintained by Landlord pursuant to, and as required by,
Section 7.1(b) and to furnish evidence reasonably satisfactory to Tenant that such insurance coverages have been obtained and are, at all times throughout the Term, in full force and effect,
Tenant shall have the right (but not the obligation) to
obtain and maintain such insurance coverages on behalf of Landlord and Landlord hereby covenants and agrees to (i) furnish Tenant with all necessary information required by Tenant to obtain and
maintain such insurance coverages and (b) to pay the premiums therefor within thirty (30) days after Tenant's demand for such payment. 

        Section 7.10.    Payment of Insurance Proceeds.    

        (a)   Subject
to the provisions of Article 8 and to the provisions and limitations in this Section, the proceeds of insurance provided for in Section 7.l(a)(ii),
(iii) and (viii) ("Casualty Proceeds") shall be payable to Landlord without contribution, if obtainable. The loss, if any, arising from
damage or destruction under any policy provided for in Section 7.1(a) (other than workers' compensation) shall be adjusted with the insurance companies (i) by Tenant in the case of any
particular casualty resulting in damage or destruction not exceeding $10,000,000.00 in the aggregate, or (ii) by Landlord and Tenant in the case of any particular casualty resulting in damage
or destruction exceeding $10,000,000.00 in the aggregate. Notwithstanding any other provision of this Section 7.10, the Casualty Proceeds shall be paid (x) to Tenant, for application by
Tenant to repair of the Improvements in the case of any particular casualty resulting in a loss payment not exceeding $10,000,000.00 in the aggregate (unless a Material Monetary Default then exists
hereunder, in which case said proceeds shall be paid to Landlord), or (y) to Landlord (or the holder of any Fee Mortgage) in the case of any particular casualty resulting in a loss payment
exceeding $10,000,000.00 in the aggregate. If paid to Tenant, such Casualty Proceeds shall be held by Tenant in trust for the purpose of paying the cost of such repair. If paid to Landlord or the Fee
Mortgagee, Landlord or the Fee Mortgagee shall hold and pay out the amount of such Casualty Proceeds so paid to it to the extent and in the manner set forth in Section 8.5 hereof. If Landlord
shall receive such Casualty Proceeds, it shall upon the request of Tenant deliver to Tenant a certificate stating that such Casualty Proceeds have been deposited with Landlord pursuant to the
requirements of this Lease. 

        (b)   Notwithstanding
the foregoing, if at the time of a casualty resulting in the payment of Casualty Proceeds to Landlord (rather than the Fee Mortgagee) under
Section 7.10(a), (i) MetLife is no longer Landlord, and (ii) Landlord is not an Investment Grade Entity, then the Casualty Proceeds shall be paid to a depository selected by
Tenant and reasonably acceptable to Landlord, which depository shall be a bank or trust company having an office in the Borough of Manhattan and a combined shareholders equity of at least
$200 million (the "Depository"). The Depository shall hold and pay out the amount of such Casualty Proceeds so paid to it to the extent and in
the manner set forth in Section 8.5 hereof. 

30

 

        (c)   The
proceeds of insurance provided for in Section 7.l(a)(iv) shall be paid by the insurer to Landlord and, when received by Landlord, the net amount
thereof (less the cost of collecting such proceeds including reasonable attorneys' fees) shall be applied against the Minimum Rent and Additional Rent then due and thereafter becoming due. 

        (d)   Landlord
agrees to cause each Fee Mortgagee to agree in writing to make Casualty Proceeds available to Tenant for Restoration in accordance with the provisions of this
Lease. 

        Section 7.11.    Intentionally omitted.    

        Section 7.12.    Landlord
shall not do or suffer or permit anything to be done on its behalf in or about the Landlord Space or the Building which would (i) cause
insurance companies of good standing to refuse to insure the Building in amounts reasonably satisfactory to Tenant, (ii) result in the cancellation of any policy of insurance or the assertion
of any defense by the insurer to any claim under any policy of insurance maintained by or for the benefit of Tenant, or (iii) violate any Insurance Requirement of which Landlord has been given
notice. 

        Section 7.13.    If,
as a result of any use, act or omission (in violation of Landlord's obligations under this Lease or which arc violative of Legal Requirements or
Insurance Requirements for which Landlord is obligated to comply with) by Landlord, the rate of fire insurance applicable to the Building shall be increased to an amount higher than it otherwise would
be, Landlord shall reimburse Tenant for all increases of Tenant's fire insurance premiums so caused within thirty (30) days after demand by Tenant. In any action or proceeding concerning the
rate of fire insurance applicable to the Building wherein Tenant and Landlord are parties, a schedule or "make-up" of rates for the Building issued by the body making fire insurance rates
for the Building or by the insurance carrier issuing the fire insurance on the Building shall be presumptive evidence of the facts therein stated and of the several items and charges in the fire
insurance rate then applicable to the Building. 

        Section 7.14.    Notwithstanding
anything to the contrary contained in this Lease, Landlord shall, so long as Landlord is MetLife, be entitled to self-insure
and/or have deductibles against all risks described in this Article. Landlord shall notify Tenant of its election to self-insure as aforesaid and the extent (as to coverage and limits of
coverage of any such self-insurance), and Landlord's failure in part or whole to carry any of the insurance required by this Article on account of such self-insurance shall not
constitute a breach of this Article, but shall be deemed to be self-insurance by Landlord, as permitted by this Article to the extent of such noncompliance. 

        Section 7.15.    Each
of Tenant and Landlord shall be responsible for its own deductibles and self-insurance retention and such costs shall not be the
responsibility or liability of the other party. 

        Section 7.16.    Should
Landlord engage a contractor or consultant to do work in or on any portion of the Building, Landlord shall require such parties to obtain (and
name Tenant as an additional insured on) such insurance policies as would customarily be required for such 

31

 

parties
doing work in a First-Class Office Building. Upon Tenant's request, Landlord shall deliver to Tenant certificates of the foregoing insurance. 

ARTICLE 8  

 DAMAGE OR DESTRUCTION  

        Section 8.1.    Tenant's Obligation to Restore.    Subject to Sections 8.3 and 8.4, if, at any time during the
Term of this Lease, the Building or any part thereof shall be damaged or destroyed by fire or other casualty (including any casualty for which insurance coverage was not obtained or obtainable) of any
kind or nature, ordinary or extraordinary, foreseen or unforeseen, Tenant shall promptly give Landlord notice of the same and, at Tenant's sole cost and expense, and whether or not the Casualty
Proceeds, if any, shall be sufficient for the purpose, shall within ninety (90) days of the date of such damage or destruction commence (subject to a reasonable time allowance for Unavoidable
Delays and the time required to adjust insurance claims with the insurance companies, provided that Tenant is diligently pursuing the adjustment of such insurance claims) to repair, restore, replace
or rebuild the same as nearly as possible to its value, condition and character immediately prior to such damage or destruction, subject to such changes or alterations as Tenant may elect to make in
conformity with the provisions of Article 9 (such repair, alteration, restoration, replacement or rebuilding, including temporary repairs for the protection of the Improvements or other
property pending the completion thereof, are sometimes referred to in this Article 8 as "Restoration") and shall prosecute such Restoration to
completion with diligence and continuity. 

        Section 8.2.    Notice by Landlord.    Landlord shall give Tenant prompt notice in case of a fire or accident
in the Landlord Space as well as notice of any other event occurring in the Landlord Space which could give rise to a damage or injury claim against Tenant or Landlord promptly after Landlord is aware
of such fire, accident or other event. 

        Section 8.3.    Termination by Tenant.    

        (a)   If
the Building is so damaged or destroyed that fifty percent (50%) or more of the useable area thereof cannot, with the exercise by Tenant of all due diligence (giving
due consideration to the then applicable Legal Requirements and taking into account any transfers by Landlord pursuant to Section 27.19 and subject to such waivers and variances as may
reasonably expected to be given), be rendered tenantable and fit for the normal conduct of business not later than four (4) years prior to the Expiration Date, then (subject to the further
provisions of this Section 8.3) Tenant may, by notice (the "Damage Termination Notice") to Landlord given within the ninety (90) day
period (the "Election Period") following the date (the "Damage Date") of damage or destruction, elect to
terminate this Lease as of a date specified in the Damage Termination Notice (the "Specified Damage Termination Date"). If Tenant shall timely give the
Damage Termination Notice, this Lease shall terminate on the Specified Damage Termination Date; provided, however, that if on or prior to the date which is ninety (90) days after Landlord
receives the Damage Termination Notice Landlord shall by notice to Tenant dispute Tenant's right to terminate this Lease pursuant this Section 8.3(a), the matter shall be determined by the
Construction Manager and (i) if the Construction Manager's 

32

 

determination
is in Landlord's favor, this Lease shall continue in full force and effect or (ii) if the Construction Manager's determination is in Tenant's favor, this Lease shall terminate
effective as of the Specified Damage Termination Date. Any such determination by the Construction Manager shall not assume the use by Tenant of overtime labor, unless otherwise agreed by Tenant. At
any time upon the request of Landlord or Tenant, the Construction Manager shall make a determination as to whether Tenant has the right to terminate this Lease pursuant to this Section 8.3(a). 

        (b)   At
all times prior to the giving of the Damage Termination Notice, Tenant shall prosecute the Restoration with all due diligence and in accordance with the Plans and
Specifications therefor (as reasonably approved by Landlord or as determined by the Construction Manager to have been required to be approved by Landlord pursuant to this Lease) subject to a
reasonable time allowance for Unavoidable Delays and the time required to adjust insurance claims with the insurance companies, provided that Tenant is diligently pursuing the adjustment of such
insurance claims; 

        (c)   Simultaneously
with the giving of the Damage Termination Notice Tenant shall (i) assign to Landlord (by instruments reasonably satisfactory to Landlord) all of
Tenant's right, title and interest in and to the plans and specifications (if any) for the Restoration and in and to that portion (if any) of the Casualty Proceeds which has not yet been received by
Tenant from the insurer; and (ii) pay to Landlord, in immediately available funds, an amount (the "Damage Payment") equal to the greater of
(x) the excess, if any, of the amount of Casualty Proceeds received by Tenant on or before such date over the amount of Casualty Proceeds theretofore expended by Tenant in connection with the
Restoration, and (y) if the insurance policy maintained by Tenant under Section 7.1(a)(ii) was for less than the full replacement cost of the Improvements most recently determined
pursuant to said Section, the amount reasonably estimated to be necessary to complete the Restoration. Any disputes under this Section 8.3(c) shall be submitted to arbitration in accordance
with Article 21 hereof. 

        (d)   During
the period commencing on the date of the Damage Termination Notice and ending on the Specified Damage Termination Date, Landlord shall have full control over the
Restoration and may use the Damage Payment to defray the costs of the Restoration. Landlord and Tenant shall reasonably cooperate with one another to effectuate the Restoration in an efficient manner,
and during the Restoration Landlord shall use reasonable efforts to minimize interference with Tenant's use of the undamaged portion (if any) of the Demised Premises, Landlord shall not be liable to
Tenant for any matter relating to or arising out of the Restoration unless due to Landlord's gross negligence or willful misfeasance; provided, however, that Landlord shall retain reputable
contractors who carry reasonable and customary public liability insurance. 

        Section 8.4.    Termination by Either Party.    If more than fifty percent (50%) of the useable area of the
Building shall be substantially damaged or destroyed by fire or other cause at any time during the last three (3) years of the then Term of this Lease then either Landlord or Tenant may cancel
this Lease upon written notice to the other party hereto given within sixty (60) days after such damage or destruction; provided, that neither Landlord nor Tenant shall have the right to cancel
this Lease if, prior to the end of such sixty (60) day period, Tenant shall have delivered to Landlord notice of its irrevocable election to thereafter extend this Lease pursuant to
Article 29 hereof, in which event neither Landlord nor Tenant may elect to terminate this Lease other than on the basis set forth in Section 8.3 of this Lease. 

33

   
        Section 8.5.    Distribution of Insurance Proceeds.    

        (a)   All
Casualty Proceeds paid to Landlord or the Fee Mortgagee on account of such damage or destruction under the policies of insurance provided for in
Section 7.1(a), less the cost, if any, incurred in connection with the adjustment of the loss and the collection thereof, shall be paid by Landlord (if no Material Monetary Default then exists
hereunder which is continuing), either to reimburse Tenant for expenditures made in connection with the Restoration or to pay contractors, subcontractors, materialmen, engineers, architects or other
persons who have rendered services or furnished materials for such Restoration, and shall be paid out as hereinafter provided from time to time as such Restoration progresses, upon the written request
of Tenant which shall be accompanied by the following: 

        (i)    A
certificate of the Construction Manager and also signed by Tenant dated not more than thirty (30) days prior to such request, setting forth in substance:
(A) that the sum then requested to be withdrawn either has been paid by Tenant, or is justly due to contractors, subcontractors, materialmen, engineers, architects or other persons (whose names
and addresses shall be stated) who have rendered or furnished materials in connection with the Restoration, and giving a brief description of such services and materials and the principal subdivisions
or categories thereof and the several amounts so paid or due to each of such persons in respect thereof; and (B) that in the opinion of the persons signing such certificate, the balance of the
Casualty Proceeds remaining on deposit with Landlord after withdrawal of the sum then requested to be withdrawn will be sufficient to pay in full for the completion of the Restoration; and 

        (ii)   An
affidavit sworn to by an executive officer of Tenant not more than thirty (30) days prior to such request setting forth in substance: (A) that all
materials and all property constituting the Restoration described in such certificate and every part thereof, are free and clear of all Encumbrances, as hereinafter defined, except those created by
Landlord and undetermined or inchoate liens or charges for indebtedness incidental to the Restoration and which have not at the time been filed pursuant to law, and except Encumbrances, if any,
securing indebtedness due to persons (whose names and addresses and the several amounts due them shall be stated) specified in such certificate pursuant to the foregoing subparagraph (i), which
Encumbrances will be discharged upon payment of such indebtedness; (B) that no part of the several amounts paid or due, as stated in the certificate, has been or is being made the basis of the
withdrawal of any monies pursuant to this Section in any previous or then pending application, or has been paid out of the proceeds of insurance received by Tenant as provided in Section 7.10;
and (C) that there is no default in the payment of the Rent or any part thereof payable by Tenant hereunder. For purposes hereof, the term  "Encumbrance" means any and every security interest,
charge, covenant, restriction, lien, mortgage, or other encumbrance of any kind whatsoever (other
than a lease). 

        (iii)  An
official search or other evidence satisfactory to Landlord showing that there has not been filed with respect to the Building any mechanics' or other lien relating
to the Restoration which has not been discharged of record or bonded or insured against, except such as will be discharged upon payment of the amount then requested. 

34

 

        (iv)  A
release and waiver by each contractor, subcontractor, materialman, engineer, architect or other person for or with respect to whom payment is requested of all claims
and liens arising out of that portion of the Restoration for which payment has been received prior to the disbursement then being requested. 

        (b)   Upon
compliance with the foregoing provisions of this Section, Landlord shall, out of such Casualty Proceeds, on request of Tenant, pay or cause to be paid to Tenant the
amount stated in such certificate (less retainage). 

        (c)   Upon
receipt by Landlord of evidence reasonably satisfactory to it of the character required by subparagraph (a) of this Section that the Restoration has been
completed and paid for in full and that there are no liens of the character referred to therein, Landlord shall, out of such Casualty Proceeds, on request of Tenant, pay or cause to be paid any
retainage held by Landlord to Tenant. 

        (d)   If
the Casualty Proceeds received by Landlord shall be insufficient to pay the entire cost of the Restoration as estimated in such certificate from time to time, at the
request of Landlord, Tenant shall, with reasonable promptness, supply and pay over to Landlord the amount of any such deficiency before Landlord shall pay over to Tenant any part of such Casualty
Proceeds. Landlord shall not be obligated to make any payment or contribution toward the cost of the Restoration. 

        (e)   For
purposes of this Lease the term "Construction Manager" shall mean (i) the party jointly selected by Landlord
and Tenant from the following list: Tishman Realty & Construction, Bovis Lend Lease, StructureTone, Turner Construction Company, VVA Associates and Advocate Consultants, and (ii) such
other independent construction management firm having at least 15 years' experience in First-Class Office Buildings as shall be designated by Landlord or Tenant and approved by the other party.
In the event that Landlord and Tenant cannot agree on the designation of the Construction Manager within
thirty (30) days after notice from one party to the other to such effect, such designation shall be made through arbitration in accordance with the procedures set forth in Article 21
hereof. 

        Section 8.6.    Performance of Restoration.    Except as otherwise provided in this Article 8, the
conditions under which any Restoration is to be performed and the method of proceeding with and performing the same shall be governed by all of the provisions of Article 9 hereof. The cost of
the Restoration shall include the reasonable fees of the Construction Manager for the purpose of examining and passing upon the plans and specifications and seeing that the Restoration conforms
therewith. 

        Section 8.7.    Termination of this Lease.    Notwithstanding anything contained herein to the contrary, in the
event of the termination of this Lease by reason of a Default by Tenant or otherwise, any insurance proceeds received by Landlord may be retained by Landlord, Tenant shall pay the Damage Payment to
Landlord, and all proceeds of insurance receivable shall belong and be retained by Landlord without claim thereon by Tenant. Tenant's obligation to observe or perform each and every one of the
provisions of this Section 8.7 shall survive the expiration or other termination of the Term. 

35

 

        Section 8.8.    No Abatement.    Subject to Section 8.3, Tenant's obligations to pay Rent and to perform
and comply with all other covenants and agreements on the part of Tenant to be performed and complied with shall not be affected by any such destruction or damage of the Improvements by fire or
otherwise. Landlord shall have no liability for loss, cost, expense, damage, or compensation whatsoever (including any claim for inconvenience, loss of business or annoyance) by reason of any
Restoration of the Building or Tenant's delays in prosecuting such Restoration. This Lease shall be considered an "express agreement to the contrary" governing any case of damage to or destruction of
the Improvements or any part thereof by fire or other casualty under Section 227 of the Real Property Law of the State of New York and any other law of like import now or hereafter in force and
neither said Section 227 or any other law shall have any application in such case. 

ARTICLE 9  

 MAINTENANCE; TENANT ALTERATIONS; CERTAIN REIMBURSEMENTS; ETC.  

        Section 9.1.    Generally.    

        (a)    Maintenance; Alterations.    Subject to the provisions of this Lease, Tenant: 

        (i)    shall,
in accordance with First-Class Office Building maintenance and operating standards (collectively, the "First-Class
Standard"), keep the Building in overall first-class order, condition and repair; 

        (ii)   shall
in a timely manner make all replacements in and to the Building or any part thereof (whether interior or exterior, structural or nonstructural, ordinary or
extraordinary, foreseen or unforeseen) which are necessary or appropriate in a First-Class Office Building (collectively, "Required Replacements"); 

        (iii)  may
make additions, alterations, improvements and replacements (other than Required Replacements) in and to and removals from the Demised Premises or any part thereof
(collectively, "Voluntary Alterations"; Required Replacements, Structural Work and Voluntary Alterations being collectively called  "Tenant Alterations");
and 

        (iv)  Tenant
shall, at its sole cost and expense, make all repairs (both structural and nonstructural) to (A) the Building (other than the Landlord Space);
(B) the Building Systems and (C) all structural elements of the Landlord Space, unless, in each event, the need for such repairs arises from (1) violation by Landlord of
Landlord's Repair Obligations, (2) Legal Requirements or Insurance Requirements with which Landlord is obligated to comply, (3) the willful misconduct or negligence (including negligent
maintenance) of Landlord, its agents or contractors (and the employees of such agents and contractors), or (4) the items identified on  Schedule P hereto. 

        (b)   Notwithstanding
anything to the contrary contained in this Lease, upon Landlord's request, Tenant shall repair Landlord Alterations, Landlord's Systems and/or the
corridors, toilet room(s) and elevator lobbies on floors within the Landlord Space and Landlord 

36

 

shall
pay the reasonable cost thereof within thirty (30) days after receipt by Landlord of an invoice therefore, except that such repairs shall be at Tenant's expense in the event of damage to
the foregoing caused (x) in violation of Tenant's obligations under, or agreements or covenants contained in this Lease, (y) pursuant to Legal Requirements or Insurance Requirements
which are Tenant's obligation under this Lease, or (z) by the negligence of Tenant, its agents, contractors and its or their employees. Tenant shall not be required to repair any such Landlord
Alterations, Landlord's Systems and/or the corridors, toilet room(s) and elevator lobbies which are located in portions of the Landlord Space that arc occupied by tenants of Landlord. The right to
request Tenant to perform the foregoing repairs shall be personal to MetLife. 

        (c)   Notwithstanding
anything to the contrary contained herein, Tenant shall not be required to comply with Legal Requirement applicable to the mere general "office" use (as
opposed to the manner of use) of the Landlord Space, except to the extent Landlord requests that Tenant perform such work at Landlord's expense pursuant to Section 9.1 (b). 

        (d)    Requirements for All Tenant Alterations.    No Tenant Alteration may be undertaken if such Tenant Alteration
would (a) result in the Building's not being a First-Class Office Building or (b) materially and adversely affect any structural element of the Building or any item of Major Building
Equipment (as defined in definitions Section 9.3). Each Tenant Alteration (i) shall be effected with due diligence, in a good and workmanlike manner, and in compliance with all Legal
Requirements, Insurance Requirements and Permitted Encumbrances, as hereinafter defined, and (ii) must be done in strict compliance with the ICIP Laws and for other federal and state tax
programs as set forth in Section 9.6(c) hereof. All Structural Work and all replacements of items of Major Building Equipment shall be of a quality at least equal to the original. Landlord
shall not be liable to any contractors, subcontractors, laborers, material men, suppliers or vendors (x) for services performed or material provided on or in connection with the Demised
Premises or any part thereof or (y) for services performed or material provided on or in connection with Tenant's performance of its obligations under this Article 9 with respect to the
Building or any part thereof, except as otherwise provided in Article 35. Landlord shall not be required to maintain, alter, repair, rebuild or replace the Demised Premises or any part thereof.
Tenant waives all rights to make Tenant Alterations at Landlord's expense, except that Landlord shall in accordance with Section 9.5 make reimbursements to Tenant on account of Reimbursable
Replacements, Reimbursable Structural Work and Reimbursable Legal Requirement Alterations (each as defined in Section 9.3). All Tenant Alterations shall immediately become the property of
Landlord and, to the extent located within the Demised Premises, shall be a part of the Demised Premises and shall be subject to this Lease. For purposes hereof, the term  "Permitted Encumbrance" shall
mean those Encumbrances which are listed on Schedule D hereto or any Encumbrance hereafter granted by Landlord.
 

        Section 9.2.    Maintenance Programs.    

        (a)    Initial Maintenance Program.    Tenant has submitted to Landlord and Landlord has approved (i) a budget
of expenses and capital expenditures (the "Existing Expense Budget") that Tenant plans to make during the calendar year 2003 identifying those capital
expenditures that Tenant expects will be reimbursable pursuant to Section 9.5 hereof, and (ii) a maintenance program (the "Existing Maintenance
Program") for the Building for the period beginning on January 1, 2003 and ending on December 31, 2003 with respect to the 

37

 

following
(collectively, the "Programmed Maintenance Items"): maintenance of the HVAC system, the life safety system, the roof, the elevators, the
escalators and the emergency generators. 

        (b)    Annual Maintenance Programs.    On or before November 1, 2003 and on or before November 1st of
each year (other than with respect to the material described in clause (iii) below, which shall be rendered within ninety (90) days after the end of each calendar year), thereafter
during the term of this Lease, Tenant shall submit to Landlord (i) for its approval, which shall not be unreasonably withheld, a budget of expenses (including, without limitation, costs and
expenses incurred in operating the Demised Premises) and capital expenditures that Tenant plans to incur and/or make for the 12-month period commencing on the next
January 1st identifying those capital expenditures that Tenant expects will be reimbursable pursuant to Section 9.5 hereof (an "Annual Expense
Budget"), and (ii) for its approval, which shall not be unreasonably withheld, a maintenance program with respect to the Programmed Maintenance Items for the
12-month period commencing on the next January 1st (an "Annual Maintenance Program"), and (iii) for its review, a
reconciliation report detailing the actual expenses (including, without limitation, costs and expenses incurred in operating the Building) and capital expenditures as well as costs and expenses for
Programmed Maintenance Items actually incurred by Tenant for the then-current year, together with any further information reasonably requested by Landlord with respect to such
reconciliation report. Landlord shall give notice to Tenant of Landlord's approval or disapproval of each Annual Maintenance Program and Annual Expense Budget within 30 business days after receipt by
Landlord of all items set forth in the foregoing clauses (i), (ii) and (iii) (which notice shall, in the case of a disapproval, be accompanied by a reasonably complete statement of the
reasons for disapproval). If Tenant disputes whether Landlord's approval was reasonably withheld, the part or parts of the Annual Maintenance Program or Annual Expense Budget affected by such dispute
shall be determined by the Appropriate Engineer in accordance with the First-Class Standard. 

        (c)    Compliance by Tenant.    Tenant shall comply with each Annual Maintenance Program (as reasonably approved by
Landlord or as determined by the Appropriate Engineer) for the period covered thereby; provided, however, that if any dispute as to an Annual Maintenance Program shall not be resolved before the
period intended to be covered thereby, Tenant shall be in compliance with this Section 9.2(c) if Tenant shall, pending the resolution of such dispute, comply with the Existing Maintenance
Program (if the dispute involves the 2004 Annual Maintenance Program) or the most recent Annual Maintenance Program in effect (if the dispute involves any other Annual Maintenance Program). 

        (d)    Prior Budgets and Maintenance Programs.    Landlord hereby acknowledges that the Existing Expenses Budget, the
Existing Maintenance Programs and the expenses budgets and maintenance programs submitted by Tenant to Landlord for prior years under the Original Lease have been acceptable to Landlord. 

        Section 9.3.    Certain Definitions.    As used herein: 

        (a)    "Plans and Specifications":    means plans and specifications prepared by a reputable
and licensed architect or engineer regularly involved in First Class Office Buildings in work of the nature described in such Plans and Specifications. 

38

 

        (b)    "Legal Requirement Alteration":    means any Tenant Alteration undertaken in order to
comply with a Legal Requirement. 

        (c)    "Reimbursable Replacement":    means the replacement of an item of Major Building
Equipment in its entirety; provided, however, that: 

        (i)    a
replacement of any such item in its entirety shall be a "Reimbursable Replacement" only if such replacement (solely in
light of the physical condition of the item in question, and without regard to whether or not such replacement may be necessitated by any Legal Requirement) is consistent with the First-Class Standard
and whose repair is inconsistent with the First-Class Standard; and 

        (ii)   no
such replacement shall be a Reimbursable Replacement if such replacement is necessitated by (a) fire or other casualty or a Taking, (b) the failure by
Tenant to comply with Section 9.2(c), in a manner which contributed to the item of Major Business Equipment having to be replaced, or (c) the negligent or willful acts of Tenant or
Tenant Parties. 

        (d)    "Reimbursable Legal Requirement Alteration":    means any Tenant Alteration undertaken
solely in order to comply with a Legal Requirement enacted after the date hereof (or any modification or amendment of an existing Legal Requirement enacted after the date hereof), other than: 

        (i)    a
Tenant Alteration (a) in any area designed for tenant occupancy outside the Building's core (any restroom to be deemed such an area) which is required as a
result of Tenant's particular manner of use as opposed to mere general office use, (b) required by any Legal Requirement (or amendment to an existing Legal Requirement) promulgated or enacted
after the date hereof and arising by reason of the making or existence of any Voluntary Alteration other than a Reimbursable Alteration, or (c) in any area of the Building which is triggered by
another Tenant Alteration (other than a Reimbursable Alteration) made by Tenant if the required work would have otherwise been "grandfathered" under Legal Requirements; 

        (ii)   a
Reimbursable Replacement; 

        (iii)  Reimbursable
Structural Work; or 

        (iv)  a
Tenant Alteration necessitated by (a) fire or other casualty or a Taking, (b) the failure by Tenant to comply with Section 9.2(c) in a manner
which contributed to the necessity for such Tenant Alteration, or (c) the negligent or willful acts of Tenant or Tenant Parties. 

        Notwithstanding
the foregoing, the fact that any such Tenant Alteration includes work which is not undertaken solely to comply with a Legal Requirement, will not disqualify that portion
of such Tenant Alteration which is undertaken solely to comply with a Legal Requirement from reimbursement under this Article 9. 

39

 

        (e)    "Reimbursable Structural Work":    means any Structural Work which (solely in light of
a physical condition, and without regard to whether or not such Structural Work may be necessitated by any Legal Requirement) is consistent with the First-Class Standard and the repair of the item in
question is inconsistent with the First-Class Standard; provided, however, that: 

        (i)    Structural
Work which is a replacement shall be "Reimbursable Structural Work" only if (a) such replacement
(solely in light of the physical condition of the item in question, and without regard to whether or not such replacement may be necessitated by any Legal Requirement) is consistent with the
First-Class Standard; 

        (ii)   no
Structural Work shall be Reimbursable Structural Work if necessitated by (a) fire other casualty or a Taking or (b) the failure by Tenant to comply
with Section 9.2(c) in a manner which contributed to the necessity for such Structural Work, or (c) the negligent or willful acts of Tenant or Tenant Parties; and 

        (iii)  no
Structural Work of the type described in clause (e) of Section 9.3 hereof shall be "Reimbursable Structural Work" unless the Costs thereof exceed
$100,000.00 (as adjusted by CP1 annually) in any 12-month period. 

        (f)    "Qualified Alteration":    means (x) any Tenant Alteration (other than the
replacement of an item of Major Building Equipment, any Structural Work or any Legal Requirement Alteration) which affects any structural element of the Building or any item of Major Building
Equipment and (y) any Restoration. 

        (g)    "Structural Work":    consists solely of the following: 

        (i)    Curtain Wall.    Any replacement (including replacement of windows above the ground floor constituting a part
of the precast concrete panels, together with the zippers and hard rubber frames of such windows) and/or repair of the curtain wall in whole or in part. 

        (ii)    Steel Frame.    Replacement and/or repair of the Building's steel frame, footings, foundations, columns,
beams, floors (including concrete floors and the steel floors supporting each concrete floor) and core walls, except that Structural Work shall not include any waterproofing of, or repairing of leaks
in, the Building's foundation walls. 

        (iii)    Roof.    Replacement (but not repair) of the Building's roof in its entirety (but not in part) required in
order to preserve the structural integrity of the Building or the watertightness and airtightness of the Building. 

        (h)    "Costs"    with respect to any construction, improvements, alteration, restoration,
replacement, repairs, or rebuilding ("Work") shall include the costs charged by contractors, subcontractors and materialmen for all labor, materials,
machinery and equipment purchased, leased or used in connection with such Work, fees and compensation payable to contractors and subcontractors in connection with such Work, governmental fees and
charges 

40

 

assessed
or incurred in connection with such work, fees and expenses of architects and engineers, whether retained by Landlord or Tenant, for estimates, surveys, preliminary investigations, plans,
drawings, (including as-built drawings), specifications and supervision related to such Work and all other customary charges, including, without limitation, appropriate builder's risk
insurance. 

        (i)    "Estimated Substantial Completion Date":    shall mean, with respect to any
Reimbursable Replacement, Reimbursable Structural Work or a Reimbursable Legal Requirement Alteration, a good faith estimate prepared by the Appropriate Engineer of the date of substantial completion
of the work in question. 

        (j)    "Major Building Equipment":    shall mean those items listed on Schedule F
hereof. 

        (k)   If
Landlord and Tenant shall disagree as to whether any item is an item of Major Building Equipment, or as to whether the replacement of any item of Major Building
Equipment is a Reimbursable Replacement, or as to whether any work is Structural Work, or as to whether any Structural Work is Reimbursable Structural Work, or as to whether an Alteration is a Legal
Requirement Alteration, or as to whether any Legal Requirement Alteration is a Reimbursable Legal Requirement Alteration, or as to whether any Tenant Alteration is a Qualified Alteration, the matter
shall be determined by the Appropriate Engineer. 

        Section 9.4.    Submission and Approval of Plans and Specifications in Certain Instances.    

        (a)   Required
Submissions. Prior to: 

        (i)    making
any Tenant Alteration constituting the replacement of any item of Major Building Equipment (whether or not such replacement is a Reimbursable Replacement); or 

        (ii)   undertaking
any Structural Work (whether or not Reimbursable Structural Work), any Legal Requirement Alteration (whether or not a Reimbursable Legal Requirement
Alteration) or any Qualified Alteration, 

Tenant
shall (subject to Section 9,4(f)) submit all of the Plans and Specifications therefor to Landlord for Landlord's approval, together with, in case Tenant contends that the work in
question is a Reimbursable Replacement, Reimbursable Structural Work or a Reimbursable Legal Requirement Alteration, a good faith estimate of the Costs thereof prepared by a reputable architect,
engineer or contractor and a reasonable estimate of the date of substantial completion of the work in question. Landlord shall give notice (the "Plans and Specifications
Notice") to Tenant of Landlord's approval or disapproval of any Plans and Specifications within 20 business days after the date upon which the same are received by Landlord
(which Plans and Specifications Notice shall, in the case of a disapproval, be accompanied by a reasonably complete statement of the reasons for disapproval). 

        (b)    Disapproval Only Under Certain Circumstances.    Landlord shall not have the right to disapprove any Plans and
Specifications unless the work contemplated thereby would (a) result in the Building's not being a First-Class Office Building or (b) materially and 

41

 

adversely
affect any structural element of the Building or any item of Major Building Equipment. If Tenant disputes Landlord's right to disapprove, the matter shall be determined by the Appropriate
Engineer. 

        (c)    Certain Conditions.    Subject to Sections 9.4(d) and (f), Tenant shall not make a Major Building Equipment
replacement or undertake any Structural Work, Legal Requirement Alteration or Qualified Alteration unless and until (x) Landlord shall approve the Plans and Specifications therefor in a Plans
and Specifications Notice or (y) the Appropriate Engineer shall determine that Landlord did not have the right to disapprove such Plans and Specifications pursuant to this Lease. 

        (d)    Failure to Give Timely Notice.    If Landlord shall fail timely to give Tenant a Plans and Specifications
Notice, then Tenant shall have the right to give to Landlord a second notice (a "Second Approval Request"), and if Landlord shall fail to respond to
such Second Approval Request within five (5) Business Days after Landlord's receipt thereof, then Landlord shall be deemed to have consented to the proposed Plans and Specifications, provided
and on condition that the Second Approval Request shall specifically refer to this Section 9.4 and shall state in bold uppercase letters on the first page thereof:  "LANDLORD'S CONSENT TO THE REFERENCED PLANS AND
SPECIFICATIONS SHALL BE DEEMED GIVEN IF LANDLORD FAILS TO APPROVE OR DISAPPROVE SUCH PROPOSED PLANS AND SPECIFICATIONS WITHIN
FIVE (5) BUSINESS DAYS AFTER THIS NOTICE SHALL HAVE BEEN GIVEN TO LANDLORD".

        (e)    Submission of Certain Plans and Specifications Not Requiring Approval.    At the request of Landlord, Tenant
shall submit to Landlord Plans and Specifications for all Tenant Alterations (other than Plans and Specifications required to be submitted to Landlord pursuant to Section 9.4(a)) to the extent
that such Plans and Specifications have been prepared and have not theretofore been submitted to Landlord. 

        (f)    Emergencies.    Provided that Tenant shall have given Landlord prompt telephonic notice to MetLife's then Vice
President of Equity Investment Management (or if there is no Vice President of EIM—to the Director of Facilities) (confirmed in writing as soon as reasonably practicable) of an emergency,
Tenant may (without first complying with the applicable provisions of this Section 9.4) proceed with such aspects of any Tenant Alteration as Tenant may reasonably deem necessary in light of
the emergency, but as promptly as reasonably practicable thereafter Tenant shall comply with the applicable provisions of said Sections. Any dispute as to Tenant's right to avail itself of this
Section 9.4(f) shall be determined by the Appropriate Engineer. 

        (g)    Submission of As-Built Plans for All Tenant Alterations.    Upon completion of any Tenant
Alterations for which Tenant was required to submit Plans and Specifications to Landlord pursuant to Section 9.4(a) of this Lease, Tenant shall deliver to Landlord three (3) complete
sets (mylar and computer digitized in AutoCADD Version 12, or the then current digitized system used by Landlord, provided such then current system is then generally accepted in the real estate
industry in New York City) of final as-built plans (or as-built plans or final construction plans with field notes marked) for such Tenant Alterations. In addition, if Tenant
is not otherwise required to deliver such as-built plans but has actually 

42

 

prepared
plans showing as-built conditions, Tenant shall deliver the same to Landlord promptly upon completion thereof. 

        Section 9.5.    Certain Reimbursements.    

        (a)    Submission of Bids.    In the case of any Reimbursable Replacement, Reimbursable Structural Work or
Reimbursable Legal Requirement Alteration, Tenant shall (subject to Section 9.5(e)), simultaneously with the submission of all of the Plans and Specifications therefor to Landlord, deliver to
Landlord a list of at least 3 reputable contractors and/or subcontractors (collectively, the "Original Bidders") from whom Tenant proposes to obtain
bids for the work. Landlord shall have the right, exercisable by notice to Tenant delivered not later than 10 business days after receipt by Landlord of the list of the Original Bidders, to designate
no more than 3 additional reputable contractors and/or subcontractors (collectively, the "Additional Bidders") from whom Landlord desires Tenant to
obtain bids. Tenant shall, as promptly as reasonably practicable, obtain bids from at least 2 of the Original Bidders and solicit bids from all of the Additional Bidders (if any) on a competitive
basis and submit all bids obtained (together with the proposed contracts relating thereto) to Landlord, and within 15 business days after receipt thereof Tenant shall give notice to Landlord
designating the Original Bidder or the Additional Bidder (in either case being an Original Bidder or Additional Bidder from whom Tenant has obtained a bid) which in Tenant's judgment should perform
the work in question (the Original Bidder or Additional Bidder so designated by Tenant being called "Tenant's Preferred Bidder"). Landlord shall have
the right, exercisable by notice (the "Dispute Notice") given to Tenant within 10 business days after the date upon which Landlord receives notice of
the identity of Tenant's Preferred Bidder (which Dispute Notice shall specify the Original Bidder or the Additional Bidder ("Landlord's Selected
Bidder") which Landlord proposes to select to do the work in question), to dispute Tenant's designation of Tenant's Preferred Bidder, and if the Dispute Notice shall be timely
given, the Appropriate Engineer shall select either Landlord's Preferred Bidder or Tenant's Selected Bidder as the bidder which (in light of the bid, contract terms, reputation and experience of such
bidder) is most appropriate to do the work in question. 

        (b)    Reimbursement Amount.    Landlord shall, in accordance with Section 9.5(d), reimburse Tenant on account
of any Reimbursable Replacement, Reimbursable Structural Work or Reimbursable Legal Requirement Alteration in an amount (the "Reimbursement Amount")
equal to: 

        (i)    in
the case of any Reimbursable Replacement or Reimbursable Structural Work, the product of: 

        (A)  the
sum of the following: 

        (1)   the
lesser of (the "Base Amount"): (y) all Costs reasonably incurred by Tenant in connection with the work in
question (exclusive, however, of the fees and disbursements of any architect or engineer retained by Tenant) or (z) the original contract price of Tenant's Preferred Bidder or, if Landlord
shall have timely given the Dispute Notice and the Appropriate Engineer shall have selected Landlord's Selected Bidder, the original contract price of Landlord's Selected Bidder;  plus

43

 

        (2)   the
reasonable fees and disbursements of any architect or engineer retained by Tenant in connection with the work in question;  plus

        (3)   any
Qualified Overruns (as hereinafter defined); and 

        (B)  (y)
in the case of a Reimbursable Replacement only, a fraction, the numerator of which is the estimated actual life (the "Estimated Actual
Life")of the new item of Major Building Equipment (based upon Tenant's actual use of the item of Major Building Equipment being replaced over the past twelve
(12) months) and the denominator of which is the estimated useful life (the "Estimated Useful Life") of the new item of Major Building Equipment;
or (z) in all other circumstances, one (1). 

        (ii)   in
the case of any Reimbursable Legal Requirement Alteration, the sum of the following: 

        (1)   the
product of the Measuring Fraction (as hereinafter defined) multiplied by the sum of (i) the Base Amount for the work in question,  plus (ii) any Qualified Overruns; plus

        (2)   the
reasonable fees and disbursements of any architect or engineer retained by Tenant in connection with the work in question. 

        Any
dispute as to (1) the Estimated Actual Life, (2) the Estimated Useful Life, or (3) the reasonableness of the incurrence by Tenant of any Cost in connection with
the work in question, or as to the reasonableness of the amount of any such Cost, shall be determined by the Appropriate Engineer. 

        "Measuring Fraction" means, in respect of any Reimbursable Legal Requirement Alteration, the fraction whose numerator is, the number of
months in the period from the expiration of the Term of this Lease including all Extension Terms as to which Tenant shall have exercised or shall in the future exercise its option pursuant to
Article 29 hereof (in which event such Measuring Fraction shall be recalculated) to the end of the expected useful life of such Tenant Alteration and whose denominator is the number of months
in the period from the Estimated Substantial Completion Date of such Tenant Alteration to the end of the expected useful life thereof. Any dispute as to the reasonableness of any Estimated Substantial
Completion Date, or as to the expected useful life of any Reimbursable Legal Requirement Alteration, shall be determined by the Appropriate Engineer. 

        (c)    Overruns; Qualified Overruns.    At any time during the performance of any Reimbursable Replacement,
Reimbursable Structural Work or Reimbursable Legal Requirement Alteration, Tenant may give notice (an "Overrun Notice") to Landlord specifying any cost
(an "Overrun") in excess of the Base Cost which Tenant expects to incur and which Tenant contends was unforeseeable by Tenant at the time of
commencement of the work (each Overrun Notice to specify the nature of, and reasons for, the Overrun in question in reasonably complete and specific detail). Within 10 business days after receipt of
an Overrun Notice, Landlord shall notify Tenant as to whether or not in Landlord's judgment the Overrun in question is reasonable in amount under the circumstances and was unforeseeable by Tenant at
the time of commencement of the work. If Tenant shall dispute Landlord's judgment, the reasonableness of 

44

 

the
amount of, and the foreseeability by Tenant of, the Overrun in question shall be determined by the Appropriate Engineer. Any Overrun determined by Landlord or the Appropriate Engineer to be
reasonable in amount under the circumstances and unforeseeable by Tenant at the time of commencement of the work shall be a "Qualified Overrun".

        (d)    Reimbursement Upon Full Completion.    Landlord shall upon the full completion of the work in question and
within ten (10) business days after Landlord's receipt of Tenant's request therefor, remit the Reimbursement Amount to Tenant; provided, however, that, Landlord shall not be obligated to make
such remittance unless: 

        (i)    Tenant's
request for remittance shall be accompanied by (a) a certificate of Tenant (in form reasonably satisfactory to Landlord) stating that an amount at least
equal to the Reimbursement Amount has been paid to contractors, subcontractors, materialmen, engineers, architects or other persons (whose names and addresses and a description of the work involved
shall be stated) who have furnished labor, materials, supplies, permits or services for the work in question (collectively, "Contractors") and that to
Tenant's best knowledge (after due inquiry) there is no outstanding indebtedness due for labor, materials, supplies, permits or services in any manner connected with the work in question which if
unpaid might be the basis for any type of lien on the Building or any part thereof, and (b) a certificate of the architect or engineer who prepared the related Plans and Specifications (in form
reasonably satisfactory to Landlord) stating that such work has been fully completed in a good and workmanlike manner and in accordance with the Plans and Specifications (as approved by Landlord or as
determined by the Appropriate Engineer, as the case may be provided that in no circumstance shall Tenant forfeit any reimbursement hereunder if it has failed to submit Plans and Specifications, but
Tenant shall be liable to alter or correct any work as to which Landlord would have had the right to reasonably disapprove); 

        (ii)   Landlord
shall have received (a) true copies of all bills paid by Tenant to Contractors in connection with the work in question, (b) an instrument in
writing from any title company insuring Landlord's estate in the Building certifying that there are no undischarged mechanics', laborers' or materialmen's liens relating to the work in question
affecting any part of the Building, and (c) evidence reasonably satisfactory to Landlord that Tenant has obtained waivers of mechanics', laborers' or materialmen's liens or releases of such
liens from all Contractors engaged in the work in question; 

        (iii)  no
certificate delivered to Landlord by Tenant or any architect or engineer in connection with the work in question shall have been materially incorrect at the time of
delivery (any dispute pursuant to this clause (iii) to be determined by the Appropriate Engineer); and 

        (iv)  no
Material Monetary Default shall have occurred and be continuing. 

        (e)    Emergencies.    Provided that Tenant shall have given Landlord prompt telephonic notice (confirmed in writing
as soon as reasonably practicable) of an 

45

 

emergency,
Tenant may proceed with any Reimbursable Replacement, Reimbursable Structural Work or Reimbursable Legal Requirement Alteration without first complying with the applicable provisions of
this Section, and Landlord shall, following full completion of the emergency work in question and within 10 business days after Landlord's receipt of Tenant's request therefor, remit the Emergency
Reimbursement Amount (as hereinafter defined) to Tenant; provided, however, that Landlord shall not be obligated to make such remittance unless all of the conditions specified in clauses
(i) through (iv) of Section 9.5(d) shall have been fulfilled in respect of the work in question (provided that (a) if no architect or engineer was retained for the
emergency work in question, subclause (b) of Section 9.5(d)(i) shall be deemed fulfilled if (x) Tenant shall deliver a certificate to Landlord stating that such emergency
work has been fully completed in a good and workmanlike manner and (y) such emergency work has been fully completed in a manner consistent with the character of the Building as a First-Class
Office Building (with due regard to the character of the work as emergency work), and (b) if an architect or engineer was retained for the emergency work in question but due to the nature of
the emergency no Plans and Specifications therefor were prepared, subclause (b) of Section 9.5(d)(i) shall be deemed fulfilled if (x) Tenant shall deliver to Landlord a
certificate of such architect or engineer stating that such emergency work has been fully completed in a good and workmanlike manner and (y) such emergency work has been fully completed in a
manner consistent with the character of the Building as a First-Class Office Building (with due regard to the character of the work as emergency work). 

        "Emergency Reimbursement Amount" means (a) in respect of any Reimbursable Replacement or Reimbursable Structural Work undertaken in
an emergency, all Costs reasonably incurred by Tenant in connection with the emergency work in question and (b) in the case of a Reimbursable Legal Requirement Alteration undertaken in an
emergency, the product of the Measuring Fraction multiplied by an amount equal to all Costs reasonably incurred by Tenant in connection with the emergency work in question. 

        Any
dispute as to Tenant's right to avail itself of this Section, or as to the reasonableness of the incurrence by Tenant of any Cost in connection with the emergency work in question,
or as to the reasonableness of the amount of any such Cost, shall be determined by the Appropriate Engineer. 

        Section 9.6.    Rehabilitation Work.    

        (a)   Landlord
has completed the rehabilitation work described on Schedule G hereto (the "Rehabilitation Work") at the
Building in a good and workmanlike manner consistent with First-Class Office Buildings and in accordance with ICIP Law and all other applicable Legal Requirements, Insurance Requirements and Permitted
Encumbrances. 

        (b)   Notwithstanding
that joint or concurrent liability may be imposed upon Tenant by a Legal Requirement, Landlord will, except to the extent caused by the negligence or
tortious act or omission of Tenant or any of its agents, officers, contractors, employees, servants and invitees, indemnify and save harmless Tenant against and from all liabilities, obligations,
damages, penalties, claims, costs, charges and expenses, including, without limitation, reasonable architects' and attorneys' fees and expenses, which may be imposed upon, or incurred by, or asserted
against Tenant by reason of death or injury to person or damage to 

46

 

property
arising from the Rehabilitation Work and/or any latent defects existing in the Rehabilitation Work as of the date of completion thereof. 

        (c)   Tenant
acknowledges that Tenant has been informed by Landlord that Landlord has applied for certain tax credits (the "Tax
Credits") under the Federal Historic Preservation Tax Incentives Program (the "Incentives Program") which relate to the
Rehabilitation Work, work previously performed by Landlord at the Building and work performed or to be performed by Landlord at 11 Madison Avenue, New York, New York (collectively, the  "Tax Credit Work"), and that Landlord may lose certain Tax Credits or suffer significant recapture of the Tax Credits in the event that any
improvements, additions, Tenant Alterations and/or decorative work (including interior wall coverings, moveable partitions, cabinetry and carpeting) performed by Tenant (collectively  "Tenant Work") do
not comply with the requirements of the Incentives Program. Accordingly, Tenant hereby agrees that, notwithstanding anything to the
contrary contained in Article 9 or elsewhere in this Lease, during the period commencing on the date hereof and ending on the date designated by Landlord in writing as the fifth
(5th) anniversary of the date on which Landlord obtains final certification under the Incentives Program of all of the Tax Credit Work: 

        (i)    Prior
to commencing any Tenant Work, Tenant shall obtain prior approval thereof, if required, from the National Park Service
("NPS") and the State New York Historic Preservation Office ("SHPO"). 

        (ii)   Tenant
shall provide access to the Demised Premises by employees and agents of NPS and SHPO at all reasonable times at the request of Landlord. 

        (d)   Landlord
reserves the right to make any repairs to, replacements of or alterations to the Tax Credit Work deemed reasonably necessary by Landlord to comply with any
requirements of the Incentives Program and Tenant agrees to give Landlord adequate access thereto to perform such work. Landlord shall use reasonable efforts (without necessity of overtime) to
minimize interference with Tenant's use of the Demised Premises in connection with such work. 

        (e)   Tenant
shall duly and timely prepare and submit to Landlord applications for renewing the Temporary Certificate of Occupancy for the South Building for Landlord's
signature, and, provided same is in form reasonably acceptable to Landlord, shall be promptly executed by Landlord. 

        Section 9.7.    Inspection by Landlord; Cooperation by Tenant.    

        (a)   Landlord
and its representatives shall at all reasonable times and (except in an emergency) upon reasonable notice have access to the Demised Premises for the purposes
of (x) inspecting the progress of construction of any Tenant Alteration and (y) reviewing the implementation of, and Tenant's compliance with, each Annual Maintenance Program. 

        (b)   Upon
demand of Landlord, Tenant shall comply in all respects with any reasonable and timely suggestions made by Landlord with respect to construction matters relating to
any Reimbursable Replacement, Reimbursable Structural Work or Reimbursable Legal 

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Requirement
Alteration, and shall correct any defect in the work in question or any material departure from the Plans and Specifications for the work in question provided that all such corrective
work shall constitute a Reimbursable Replacement, Reimbursable Structural Work or Reimbursable Legal Alteration, as the case may be, absent Tenant's willful malfeasance. Any dispute pursuant to this
clause (b) shall be determined by the Appropriate Engineer. 

        (c)   Tenant
shall, within 30 days after receipt of a statement therefor (accompanied by true copies of the bills paid by Landlord), reimburse Landlord for all
reasonable out-of-pocket expenses incurred for the services of an architect or engineer making inspections of any Tenant Alteration and for reviewing Tenant's Plans and
Specifications. 

        (d)   Notwithstanding
that joint or concurrent liability may be imposed upon Tenant by a Legal Requirement, Landlord will, except to the extent caused by the negligence or
tortious act or omission of Tenant or any of its agents, officers, contractors, employees, servants and invitees, indemnify and save harmless Tenant against and from all liabilities, obligations,
damages, penalties, claims, costs, charges and expenses, including, without limitation, reasonable attorneys' fees and expenses, which may be imposed upon, or incurred by, or asserted against Tenant
by reason of death or injury to person or damage to property arising from any act, omission, negligence or willful misconduct of Landlord or its representatives while exercising the right of access
granted under Section 9.7(a) hereof. Nothing contained in this Section 9.7(d) shall be deemed to be impose any liability upon Landlord with respect to the construction of any Tenant
Alteration or the Existing Maintenance Program or any Annual Maintenance Program. 

        Section 9.8.    Engineer; Appropriate Engineer.    

        (a)    "Engineer":    means (i) Jaros, Baum & Bolles, Syska & Hennessey,
and Flack + Kurtz, and (ii) such other independent engineering firm or firms having at least 15 years' experience in First Class Office Buildings as shall from time to time
be designated by Landlord or Tenant and approved by the other party (which approval shall not be unreasonably withheld or delayed; any dispute as to whether either Landlord or Tenant has unreasonably
withheld or delayed such approval to be determined by arbitration). 

        (b)    "Appropriate Engineer":    means, in respect of any matter required by this Lease to be
determined by an Appropriate Engineer, such Engineer as either party may designate by notice to the other party. Landlord and Tenant shall alternate in designating the Appropriate Engineer with
respect to all matters required by this Lease to be determined by an Appropriate Engineer (with Landlord designating the Appropriate Engineer with respect to the first matter required by this Lease to
be determined by an Appropriate Engineer). 

        (c)   Each
Appropriate Engineer shall make its determination as promptly as reasonably practicable, but in any event within 30 days after request therefor by Landlord
or Tenant. Each determination made by an Appropriate Engineer pursuant to this Lease shall be final and binding on Landlord and Tenant with the same force and effect as if such determination had been
rendered by an arbitrator pursuant to an arbitration conducted in accordance with Article 21 hereof. Landlord and Tenant shall each pay one-half of the fees and expenses of each
Appropriate Engineer which is called upon to act hereunder. 

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        Section 9.9.    Floor Load.    Tenant shall not place a load upon any floor of the Demised Premises exceeding
the limits prescribed in the certificate of occupancy for the Building. 

        Section 9.10.    Except
as otherwise expressly provided in Sections 36.2 and 17.4 of this Lease, there shall be no allowance to or for Landlord for a diminution of value
and no liability on the part of Tenant by
reason of inconvenience, annoyance or injury to business arising from the making of any repairs, alterations, additions or improvements in or to any portion of the Building or the Landlord Space or in
or to fixtures, appurtenances or equipment thereof. Tenant agrees to use reasonable efforts to minimize any interruption of Landlord Parties' business operations as a result of Tenant's making of any
repairs, alterations, additions or improvements in or to any portion of the Building or the Landlord Space or in or to fixtures, appurtenances or equipment thereof, but nothing contained herein shall
require Tenant to expend or incur any charges or costs for overtime labor or pay any premiums in order to minimize such interruption, except that Tenant shall employ contractors or labor at overtime
or other premium pay rates (a) at its expense if necessary to make any repair required to be made by it hereundcr to remedy any condition that (i) results in a denial of reasonable
access to the Landlord Space, (ii) threatens the health or safety of any occupant of the Landlord Space, or (iii) except in the case of damage by casualty or other destruction,
materially interferes with the ability of any of Landlord Parties to conduct its business in the Landlord Space or (b) at Landlord's request and expense, in all other cases. Tenant shall
provide Landlord with reasonable prior notice of any repairs or work (other than emergency work) that, in Tenant's reasonable judgment, will materially interfere with the conduct of business in the
Landlord Space. 

        Section 9.11.    Business
machines and mechanical equipment belonging to Landlord which cause (i) vibration, noise, cold or heat that may be transmitted to the
Building structure or to any leased space other than the Landlord Space to such a degree as to be reasonably objectionable to Tenant or to any other tenant in the Building shall be placed and
maintained by Landlord, at its expense, in settings sufficient to absorb and prevent such vibration or noise or (ii) noise outside of the Building shall be muffled in such manner as shall
eliminate such noise. Tenant, in furtherance of its obligations under Article 34 of this Lease, shall itself conform and shall use diligent efforts (including the institution and prosecution of
legal proceedings) to cause all other Building occupants to conform to the requirements of the immediately preceding sentence with respect to the transmission of vibrations, noise, cold or heat from
other portions of the Building to the Landlord Space. The parties hereto recognize that the operation of elevators, generators, air-conditioning and heating equipment will cause some
vibration, noise, heat or cold which may be transmitted to other parts of the Building and the Landlord Space. Neither Tenant nor Landlord shall be under any obligation to endeavor to reduce such
vibration, noise, heat or cold beyond what is customary for a First-Class Office Building. 

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   ARTICLE 10  

 SERVICES BY LANDLORD  

        Section 10.1.    No Services by Landlord.    Landlord shall not be required to furnish to Tenant any facilities
or services of any kind whatsoever during the Term of this Lease, and Landlord shall not be liable for the failure of any facilities or services, or Tenant's inability to obtain any facilities or
services, except as specifically set forth in Section 15.3. 

        Section 10.2.    Intentionally Omitted.    

        Section 10.3.    No Abatement.    Since Landlord has no obligation to provide services to the Demised Premises,
no stoppage or interruption of services to the Demised Premises shall entitle Tenant to any diminution or abatement of Rent or any other compensation whatsoever, or result in reduction of any of
Tenant's obligations under this Lease. 

        Section 10.4.    Shared Services Agreement.    Landlord and Tenant entered into a Shared Services Agreement
dated February 22, 2001 (the "Original Services Agreement"). Simultaneously herewith, the Original Services Agreement has been amended and
restated in its entirety by the Shared Services Agreement. 

        Section 10.5.    Landlord ATM Facilities.    For so long as MetLife is Landlord, Landlord shall have the right
to install a reasonable number of automated teller machines operated by Landlord in locations in the South Building in reasonable proximity to locations where Tenant has installed, or will install,
other automated teller machines, or, if Tenant fails to make such installations, Landlord shall have the right to install at least one automated teller machine in a reasonable location designated by
Tenant in the South Building. 

        Section 10.6.    Intentionally omitted.    

        Section 10.7.    Landlord Representation.    Landlord hereby represents and warrants to Tenant that the
Building Systems are capable of providing the services which Tenant is required to provide under Article 34. In the event that the foregoing representations and warranties are inaccurate with
respect to any of such services, Tenant's sole remedy shall be to reduce the amount of such service Tenant is required to provide to Landlord under Article 34 to the amount of any such service
equal to Landlord's Proportionate Share of the capacity of the Building Systems providing such service on the date hereof. 

ARTICLE 11  

 UTILITIES  

        Section 11.1.    Tenant's Obligation.    At Tenant's expense, Tenant shall be responsible for securing all gas,
water (including water for domestic uses and fire protection), sewer, electricity, light, heat, power, telephone, and telecommunications, data transmission, water filtration service and other
utilities of every kind (collectively, "Utilities") which Tenant deems necessary to serve the Demised Premises or otherwise necessary or desirable for
Tenant's use or occupancy of the Demised Premises. 

50

 

        Section 11.2.    Landlord Not Obligated.    Landlord shall have no obligation of any kind to furnish Utilities
to the Demised Premises. Landlord shall have no liability to Tenant for disruption or interruption of any Utility or Utility service; except as specifically set forth in Section 15.3, and no
such disruption or interruption shall constitute a constructive eviction or entitle Tenant to any abatement of Rent. 

ARTICLE 12  

 MECHANIC'S LIENS  

        Section 12.1.    No Mechanic's Liens Permitted.    (a) Tenant shall not create, or suffer to be created
or to remain, and shall discharge, any mechanic's, laborer's or materialman's lien which becomes a lien, encumbrance or charge upon the Building or any part thereof or the income therefrom. Nothing
contained herein shall prevent the leasing by Tenant of furniture or equipment in the Demised Premises or the filing of security documents with respect to the same, in each event other than furniture
and equipment, if any, paid for by Landlord, provided that no lien is created against the Land, the Improvements or any interest therein. 

        (b)    No Mechanic's Liens Permitted.    Landlord shall not create, or suffer to be created or to remain, and shall
discharge, any mechanic's, laborer's or materialman's lien which becomes a lien, encumbrance or charge upon the Building or any part thereof or the income therefrom. Nothing contained herein shall
prevent the leasing by Landlord of furniture or equipment in the Landlord Space or the filing of security documents with respect to the same, in each event other than furniture and equipment, if any,
paid for by Tenant, provided that no lien is created against the Building or any interest therein. 

        Section 12.2.    Discharge.    (a) If any mechanic's, laborer's or materialman's lien shall at any time
be filed against the Building or any part thereof in connection with any work done by or on behalf or, or services rendered to Tenant, Tenant, within thirty (30) days after notice of the filing
thereof, shall cause such lien to be discharged of record by payment, deposit, bond, order of a court of competent jurisdiction or otherwise. If Tenant shall fail to cause such lien to be 

51

 

discharged
within such period, then, in addition to any other right or remedy, Landlord may, but shall not be obligated to, discharge the same either by paying the amount claimed to be due or by
procuring the discharge of such lien by deposit or by bonding, and in any such event, Landlord shall be entitled, if Landlord so elects, to compel the prosecution of an action for the foreclosure of
such lien by the lienor and to pay the amount of the judgment in favor of the lienor with interest, costs and allowances. Any amount so paid by Landlord and costs and expenses incurred by Landlord in
connection therewith, together with interest thereon at the Interest Rate, from the respective dates of Landlord's making of the payment or incurring of the cost and expenses, shall constitute
Additional Rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord within thirty (30) days after written demand therefor. 

        (b)   If
any mechanic's, laborer's or materialman's lien shall at any time be filed against the Building or any part thereof in connection with any work done by or on behalf
or, or services rendered to Landlord, Landlord, within thirty (30) days after notice of the filing thereof, shall cause such lien to be discharged of record by payment, deposit, bond, order of
a court of competent jurisdiction or otherwise. If Landlord shall fail to cause such lien to be discharged within such period, then, Tenant may, but shall not be obligated to, procure the discharge of
such lien by deposit or by bonding. Any amount so paid by Tenant and costs and expenses incurred by Tenant in connection therewith, together with interest thereon at the Interest Rate, from the
respective dates of Tenant's making of the payment or incurring of the cost and expenses, shall be paid by Landlord to Tenant within thirty (30) days after written demand therefor. 

        Section 12.3.    No Lien Authorization.    (a) Nothing in this Lease contained shall be deemed or
construed in any way as constituting the authorization by, or consent or request of, Landlord, express or implied, by inference or otherwise, to any contractor, subcontractor, laborer or materialman,
architect or consultant for the construction or demolition of any improvement, the performance of any labor or services or the furnishing of any materials for any improvement, or alteration to or
repair of the Demised Premises or any part thereof or to give Tenant any right, power or authority to contract or permit the rendering of any services or the furnishing of any materials that would
give rise to the filing of any lien against the Building or any part thereof. 

        (b)   Nothing
in this Lease contained shall be deemed or construed in any way as constituting the authorization by, or consent or request of, Tenant, express or implied, by
inference or otherwise, to any contractor, subcontractor, laborer or materialman, architect or consultant for the construction or demolition of any improvement, the performance of any labor or
services or the furnishing of any materials for any improvement, or alteration to or repair of the Landlord Space or to give Landlord any right, power or authority to contract or permit the rendering
of any services or the furnishing of any materials that would give rise to the filing of any lien against the Landlord Space or any part thereof. 

ARTICLE 13  

 INSPECTION  

        Section 13.1.    Landlord's Right of Access.    (a) Tenant shall permit Landlord, or its agents, to
enter the Demised Premises at all reasonable hours upon reasonable prior notice except in case of emergency (and by force, if necessary under the circumstances) for the purpose of inspecting the same
or of performing maintenance or making repairs, alterations or improvements which Tenant is required to perform and neglects or refuses to perform. If Tenant is not personally present to open and
permit entry into the Demised Premises whenever entry is necessary by reason of fire or other emergency, Landlord or its agents may forcibly enter the Demised Premises without liability to Tenant or
waiver or modification of Tenant's obligation under this Lease. Tenant agrees to permit Landlord and/or any agent of Landlord to enter the Demised Premises at reasonable hours, on reasonable prior
notice, to
exhibit the Demised Premises in connection with (i) any prospective sale or lease of the entirety of the Land and/or the Improvements; (ii) any prospective securing, refinancing, or
assignment of any mortgage affecting the Land or the Improvements; and/or (iii) during the final thirty (30) months of the Term, any prospective leasing of the Demised Premises. Landlord
shall, to the extent Tenant makes a representative available for the following purpose, be accompanied by a representative of Tenant in every instance of access to the Demised Premises except in the
case of emergency, in which case Landlord shall be accompanied by an officer of the fire or police department, to the extent such officer is immediately available. Notwithstanding anything contained
in this Section 

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13.1,
Landlord shall have the right to enter portions of the Demised Premises pursuant to and in accordance with this Article 13 and the Shared Services Agreement. 

        (b)   Landlord
shall have a non-exclusive right of direct access (as reasonably specified by Tenant), at all times, through the B-l concourse level
between the Tower and the freight elevators in the South Building. Landlord shall have the right to use the ramp on the B-l concourse level in connection with its use of the freight
elevators. 

        (c)   Landlord
shall have access through the South Building Lobby to reach the Executive Dedicated Elevator and the Retained Space. In the event that there are no Executive
Dedicated Elevators, Landlord Parties shall have access through the South Building Lobby to reach the elevators serving the 11th Floor of the South Building. 

        (d)   Landlord
shall also have the access rights granted in Article 34 hereof. 

        Section 13.2.    Landlord
will use the 24th Street Tower entrance as its main point of access but shall also have the right to use the other entrances for
access. Landlord will cause any tenant of any portion of the Landlord Space in the Tower to use the 24th Street Tower entrance only. Landlord will be deemed to have complied with the
foregoing provision if (a) the leases with such tenants provide that such tenants shall use the 24th Street Tower entrance only, (b) upon execution of any such lease,
Landlord gives Tenant notice of such lease so that Tenant can reprogram Tenant's security card readers to exclude such tenant and its employees from the security turnstiles at the other entrances, and
(c) Landlord maintains security at the access point between the South Building and Tower lobbies to prevent access by such tenants through such access point. Landlord shall provide security for
the lobby access points in accordance with Section 34.18. Notwithstanding the foregoing, Tenant shall permit Landlord, its tenants and their employees, agents and permitted guests to use the
wheelchair accessible Madison Avenue entrance of the South Building for access to the Tower lobby. Any tenant of the Retained Space shall have the right to use the 24th Street Tower
entrance and the other entrances for access. 

        Section 13.3.    Landlord
shall permit Tenant to erect, use and maintain pipes, ducts, fans, wires and conduits in and through the Landlord Space, provided the same are
installed adjacent to or concealed behind, beneath or within partitioning, columns, floors, walls and ceilings of the Landlord Space or otherwise completely furred at points immediately adjacent to
any of the foregoing and provided further that the installation and maintenance of the same do not (i) materially adversely affect Landlord's Systems, (ii) materially adversely affect
the use of the Landlord Space for business purposes by Landlord Parties in a manner which would not be customary in a First-Class Office Building, or (iii) reduce the useable area of the
Landlord Space by a material amount and Tenant shall have used reasonable efforts to first install the same in portions of the Building (such as shaftways) reserved by Tenant for use in common. Tenant
and persons authorized by Tenant shall have a right to enter and/or pass through the Landlord Space, at all necessary times, to make, and have the right to make, such repairs, alterations, additions
and improvements in or to the Landlord Space, the Building and the facilities and equipment in either or both as Tenant is required to make under this Lease, provided that such repairs, alterations,
additions or improvements shall be performed during such hours and in such manner so as not to unreasonably cause material interference with the conduct of Landlord Parties' business. Tenant 

53

 

shall
be allowed to take all material into and upon the Landlord Space that may be required for the repairs or alterations above mentioned as the same is required for such purpose, provided that the
presence, nature or location of such material shall not unreasonably interfere with the conduct of Landlord Parties' business in a manner which would not be customary in a First-Class Office Building,
without the same constituting trespass. Tenant shall have no liability by reason of loss or interruption of the business of Landlord or annoyance or inconvenience to Landlord because of the
prosecution of any such work, provided Tenant diligently proceeds therewith and complies with the provisions of Sections 13.2 and 13.3. Tenant shall exercise reasonable diligence so as not to
unreasonably cause interference with the conduct of Landlord's business and shall take reasonable care to safeguard the Landlord Space and Landlord Parties' property and shall repair any damage caused
by Tenant, its contractors and employees, but nothing contained in Sections 13.2 or 13.3 shall require Tenant to expend or incur any charges or costs for overtime labor or pay any premiums other than
on the basis provided in Section 9.10 hereof. 

        Section 13.4.    Notwithstanding
the foregoing, any entry into the Landlord Space pursuant to Section 13.0 shall be subject to the following conditions: 

        (a)   Tenant
shall, except in case of emergency, provide Landlord with not less than one Business Day's prior notice of any such entry; 

        (b)   any
damage to the Landlord Space resulting from Tenant's exercise of the foregoing rights shall be repaired promptly by Tenant, at Tenant's expense; and 

        (c)   if
Landlord shall not be present when for any reason entry into the Landlord Space shall be necessary or permissible, Tenant or Tenant's agents may enter any portion of
the same, other than areas previously designated in a written notice to Tenant by Landlord as "security areas" where securities, negotiable instruments or currency are kept by Landlord. Neither Tenant
nor Tenant's agents
shall enter such "security areas" except in the case of an emergency unless accompanied by Landlord. As of the date hereof, Landlord has not designated any "security areas". 

ARTICLE 14  

 ASSIGNMENT; SUBLETTING  

        Section 14.1.    Except
as expressly provided otherwise in this Article 14, Tenant, for itself, its heirs, distributees, executors, administrators, legal
representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this Lease, nor underlet all or any portion of the Demised Premises, or suffer or permit the
Demised Premises or any part thereof to be used by others, without the prior written consent of Landlord in each instance. The consent by Landlord to an assignment or underletting shall not in any way
be construed to relieve Tenant from obtaining the express consent in writing of Landlord to any further assignment or underletting as to which Landlord's consent is required under this Lease.
Possession or occupancy of any portion of the Demised Premises by one or more of Tenant's Affiliates (whether or not pursuant to a written agreement) shall not be deemed or construed to be a sublease
hereunder and Tenant shall be permitted to allow, subject to the terms and conditions 

54

 

of
this Lease (but without having to obtain Landlord's consent thereto), Tenant's Affiliates to occupy the Demised Premises. Notwithstanding the foregoing, in the case of possession or occupancy of
any portion of the Demised Premises by Tenant's Affiliates, any subsequent transaction whereby such occupant shall cease to be an Affiliate shall be deemed a sublease requiring Landlord's prior
consent pursuant to this Article 14; provided however that Landlord shall not have the rights in, and Tenant shall not be obligated to comply with, the provisions of Section 14.3 hereof
(provided that such subsequent transaction shall be done for a good business purpose and not primarily for the purpose of circumventing compliance with Section 14.3 hereof). The Tenant
originally named herein (i.e., Credit Suisse First Boston (USA), Inc.) and any successor thereto by merger, consolidation or corporate reorganization or sale of substantially all of its assets,
shall be permitted to allow, subject to the terms and conditions of the Lease (but without having to either obtain Landlord's consent thereto or share any Profits therefrom with Landlord), Tenant's
"Business Associates," as hereinafter defined, to occupy portions of the Demised Premises on a temporary basis from time to time (it being agreed that the term "temporary" as used in this
Section 14.1 shall mean the duration of the ongoing business or professional relationship), provided that the space occupied by Tenant's Business Associates shall not be separately demised from
the Demised Premises. "Business Associates" shall mean professional and business entities with whom the named Tenant shall have an on-going
professional or business relationship. Any assignee or subtenant of the Tenant originally named herein shall also be permitted to allow, subject to the terms and conditions of the Lease (but without
having to either obtain Landlord's consent thereto or share any Profits therefrom with Landlord), its Business Associates to occupy up to fifteen (15%) percent of the Demised Premises, in the case of
an assignee, or up to fifteen (15%) percent of the sublet space, in the case of a subtenant, from time to time on a temporary basis provided that the space occupied by such Business Associates shall
not be separately demised from the Demised Premises or the sublet space, as the case may be. 

        Section 14.2.    If
Tenant desires to assign this Lease or to sublet all or any portion of the Demised Premises, provided that Tenant shall have theretofore satisfied
the requirements of Section 14.3 hereof, and Landlord shall have waived or be deemed to have waived its rights thereunder, then Tenant shall request Landlord's consent to each such assignment
or to each such subletting and, as part of such request, Tenant must submit in writing to Landlord (i) the name and address of the proposed assignee or sublessee and (ii) reasonably
satisfactory information relating to the proposed assignee or sublessee reasonably sufficient to enable Landlord to determine the reputation and character of the proposed assignee or sublessee.
Subject to Tenant's compliance with this Section 14.2, the terms and conditions set forth in Section 14.4(a) shall be the basis for Landlord's granting or withholding of consent to a
requested assignment of this Lease or sublease of the Demised Premises. 

        Section 14.3.(a)    Prior
to requesting Landlord's consent to a proposed assignment of this Lease or a proposed sublease of the Demised Premises or any portion thereof
pursuant to Section 14.2 hereof (other than with respect to the first sublease(s) of each portion of the Retail Space executed after the Commencement Date), Tenant must first present Landlord
with a written offer ("Recapture Offer Notice") to accept an assignment of this Lease, in the case of a proposed assignment, or a sublease of such space
in the case of a proposed subletting to Landlord for occupancy by Landlord or Landlord's Affiliates. The right herein granted is personal to MetLife. The Recapture Offer Notice shall set forth:
(i) the area proposed to be sublet, in the 

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case
of a proposed subletting of a portion of the Demised Premises, and (ii) if a proposed subletting, the term of the proposed subletting and the date the area to be sublet is intended to be
vacated by Tenant, which date shall not be less than thirty (30) days after the date Landlord receives such Recapture Offer Notice. Landlord shall have a period of thirty (30) days after
its receipt of said Recapture Offer Notice within which to accept or reject the offer. If Landlord shall fail to respond to Tenant's Recapture Notice within such thirty (30) day period, then
Tenant shall have the right to give to Landlord a second notice (a "Second Recapture Notice"), and if Landlord shall fail to respond to such Second
Recapture Notice within ten (10) Business Days after Landlord's receipt thereof, then Landlord shall be deemed to have rejected such offer, provided and on condition that: the Second Recapture
Notice shall make specific reference to this Section 14.3 (a) and shall state in bold uppercase letters on the first page thereof: "LANDLORD SHALL BE DEEMED TO
HAVE REJECTED THE RECAPTURE RIGHT DESCRIBED IN THIS NOTICE IF LANDLORD FAILS TO RESPOND WITHIN TEN (10) BUSINESS DAYS AFTER THIS NOTICE SHALL HAVE BEEN GIVEN TO
LANDLORD". If Landlord shall accept such offer, Tenant and Landlord shall either (i) if the subletting is for less than the remainder of the Term, execute and deliver a
sublease for such space at a rental rate equal to the Assumed Rent and otherwise on the terms and conditions contained in the Recapture Offer Notice or (ii) if the subletting is for the
remainder of the Term, execute an amendment to this Lease terminating this Lease only as to such space. In the event Landlord does not acquire all of the Demised Premises, Landlord (at Tenant's sole
cost and expense) will do all the work necessary to physically separate the portion of the Demised Premises so subleased to Landlord from the portion so retained by Tenant, which work shall include,
without limitation, the erection of a demising wall between the portion of the Demised Premises so surrendered to Landlord and the balance of the Demised Premises retained by Tenant. In addition, in
the event the portion of the Demised Premises so surrendered to Landlord does not have direct access to a public corridor in the Building or to an elevator bank serving such surrendered portion,
Tenant, at Tenant's expense shall, and will at all times, provide and permit reasonably appropriate means of ingress to and egress from and access across and through the balance of the Demised
Premises retained by Tenant, provide and permit appropriate use of the elevators serving such surrendered portion, including access across lobby and corridor areas, and provide and furnish services,
including, without limitation, air-conditioning and ventilating service to such space on the same basis as are provided in Article 34 hereof, for the same payments provided for in
Article 34 hereof, so as to enable Landlord to use the portion of the Demised Premises so surrendered for the purposes for which they were permitted to be used by Tenant. 

        (b)   Notwithstanding
anything in to the contrary, in the event Landlord or Landlord's Affiliate subleases any space from Tenant pursuant to Section 14.3(a) hereof and
Landlord or such Affiliate thereafter, in good faith, determines not to use or occupy such space for its own purposes, then, at any time from and after the first (1st) anniversary of the
commencement of the term of such subletting, Landlord or such Affiliate shall have the right to sub-sublease all or any portion of the same (such space, "Recapture
Space") to anyone provided and on condition that the provisions of Article 33 shall apply to, and Tenant shall have all the rights set forth in Article 33 with
respect to, such proposed sub-subleasing as if such space were Offered Space. 

        Section 14.4.    (a)
In connection with granting a consent to a requested sublease or assignment, Landlord agrees that if Landlord did not exercise its rights pursuant
to Section 14.3 

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hereof,
Landlord will not withhold or delay its consent to the proposed subletting or assignment provided (i) the reputation, business and character of the proposed sublessee or assignee are
in keeping with the standards of a First-Class Office Building; (ii) the purpose for which the proposed sublessee or assignee intends to use the Demised Premises is not in violation of the
provisions of Article 6 of this Lease; (iii) no sublease or assignment or other transaction and no assumption shall affect or reduce any of the obligations of Tenant hereunder;
(iv) in the case of a proposed subletting of all or any portion of the Retail Space, the proposed use and the proposed operation of such space shall satisfy the "Retail Standards," as
hereinafter set forth, (v) the form of the proposed sublease or the proposed assignment shall comply with the applicable provisions of Sections 14.5 and 14.8 of this Lease. If Landlord shall
have failed to respond to Tenant's request for consent to a proposed assignment of this Lease or a proposed subletting of the Demised Premises or any portion thereof within ten (10) Business
Days after Tenant shall have submitted Tenant's written request therefor together with all of the information and documentation hereinbefore set forth in this Section 14.4 (the  "Required Consent
Information"), then Tenant shall have the right to give to Landlord a second notice (a "Second Consent
Request"), and if Landlord shall fail to respond to such Second Consent Request within five (5) Business Days after Landlord's receipt thereof, then Landlord shall be
deemed to have consented to the proposed assignment or sublease, as the case may be, provided and on condition that: the Second Consent Request shall make specific reference to this
Section 14.4 (a) and shall state in bold uppercase letters on the first page thereof: "LANDLORD'S CONSENT TO THE PROPOSED ASSIGNMENT OR SUBLEASE SHALL BE DEEMED
GIVEN IF LANDLORD FAILS TO CONSENT TO OR DISAPPROVE SUCH PROPOSED ASSIGNMENT OR SUBLEASE WITHIN FIVE (5) BUSINESS DAYS AFTER THIS NOTICE SHALL HAVE BEEN GIVEN TO
LANDLORD." If Landlord shall disapprove any such proposed assignment or sublease, Landlord shall set forth in its disapproval the grounds upon which Landlord bases its
disapproval (the "Disapproval Grounds"). If Tenant desires to dispute the reasonableness of any disapproval by Landlord of any request for consent to an
assignment or subletting, then Tenant shall submit such dispute to arbitration in accordance with Section 14.13 hereof. 

        (b)   The
rights granted in Section 14.4(a) granting Landlord the right to withhold its consent to a proposed sublease or assignment (other than Landlord's right to
withhold its consent to a proposed sublease affecting Retail Space) (the "Non-Retail Consent Rights") are personal to MetLife. In the event
that MetLife is not the Landlord, then the Non-Retail Consent Rights shall be null and void and Tenant shall have the right to proceed with a subletting or assignment (other than a
proposed sublease affecting Retail Space) without Landlord's consent, provided (i) the reputation, business and character of the proposed sublessee or assignee are in keeping with the standards
of a First-Class Office Building; (ii) the purpose for which the proposed sublessee or assignee intends to use the Demised Premises is not in violation of the provisions of Article 6 of
this Lease; (iii) no sublease or assignment or other transaction and no assumption shall affect or reduce any of the obligations of Tenant hereunder; and (iv) the form of the proposed
sublease or the proposed assignment shall comply with the applicable provisions of Sections 14.5 and 14.8 of this Lease. Notwithstanding the foregoing, proposed subleases of all or any portion of the
Retail Space shall be governed by the provisions of Section 14.4(a) hereof whether or not MetLife is the Landlord. 

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        (c)   The
term "Retail Standards" shall mean that: (a) the use of the Retail Space or the portion thereof in question by
the proposed subtenant will only be for purposes which are limited to retail sale of merchandise or services which is of a quality and nature consistent with the quality and nature of merchandise and
services then sold in retail establishments in First-Class Office Buildings and such Retail Space shall in no event be used for a governmental or quasi-government use, as offices of a foreign country,
employment agency or center, a school, medical or psychiatric offices or medical care clinic, nightclub or fraternal organization, entertainment, broadcast or transmission facility (other than a
broadcast facility for a non-partisan, apolitical, television or radio news show in a manner befitting a First Class Office Building), manufacturing, repair or warehouse center, office or
other facility of any charitable, religious, union or other not-for-profit organization, production facility, testing, training or classroom facility, medical, chemical or
biological laboratory, bar, restaurant or other establishment for preparation or sale or any food or beverage (other than as a restaurant of high standard, serving quality food as customarily found in
First-Class Office Buildings and not a so-called "fast-food" restaurant or a "theme" restaurant; provided that for the purposes of this Section 14.4(c), the following
restaurants, as operated on the date hereof, shall not be considered to be "fast food" or "theme" restaurants: Cosi, Pret-a-Manger, Hale and Hearty, Devon and Blakely, Dishes
and Mangia and comparable establishments), check cashing facility, pool hall or skating rink, funeral parlor, massage parlor, pornography or adult book or video store, amusement center or game room,
theater or cinema auditorium, hotel or lodging facility, auction house, flea market, rifle range, gambling facility or casino or OTB, "head shop," pawn shop, dry cleaners, photo processors, music
store, variety store, convenience store, video arcade or other video game retailer, or as an outlet, warehouse, close-out, bargain or any form of "deep discount" store, and (b) such
subtenant shall in no event be Competitor of Landlord, and (c) at all times the operation of the business to be conducted in the Retail Space and the interior and exterior appearance of such
Retail Space (including, without limitation, the appearance, number, location, nature and subject matter of all signs displayed in or about the Retail Space) will be dignified and in conformity with
the standards of practice among high-class stores and shops conducting a similar business. 

        (d)   Notwithstanding
anything to the contrary in the foregoing, if the aggregate rents payable under all Included Subleases then in effect (or the consideration payable with
respect to an Included Assignment) exceeds the rent payable under this Lease on a prorated basis (determined on a per square foot basis), Tenant shall pay to Landlord (as and when received by Tenant,
and as Additional Rent) fifty (50%) percent of the Profit, as such term is hereinafter defined. Tenant shall deliver to Landlord a duplicate original of the sublease or assignment no later than ten
(10) business days prior to the effective date of the sublease or assignment. Notwithstanding the foregoing to the contrary, Profit shall not include any amounts attributable to Excluded
Transactions. For the purposes of this Section 14.4, (A) "Excluded Transactions" shall mean (i) the initial term of the first
sublease(s) of each portion of the Retail Space executed after the Commencement Date, (ii) any Permitted Transfers, as defined in Section 14.10 hereof or with respect to the occupancy of
space by Business Associates pursuant to Section 14.1 or (iii) any amounts paid by Landlord under the Shared Services Agreement; (B) "Included
Assignment" shall mean any assignment of this Lease which is not an Excluded Transaction; and (C) "Included Sublease"
shall mean any sublease which is not an Excluded Transaction. The term Included Sublease shall include (1) all subleases of Non-Retail Space (and renewal and extensions thereof);
(2) the renewal or extension term of any sublease of Retail Space which was 

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an
Excluded Transaction (whether or not such renewal or extension is pursuant to an option contained in the sublease); (3) any amendment to any sublease (whether or not such sublease is an
Excluded Transaction) demising additional space (whether or not such additional space is sublet pursuant to an expansion option or right of first offer contained in the sublease) but, in the case of
such an amendment to a sublease which is an Excluded Transaction, only the amounts attributable to such additional space shall be included in the calculation of Profit; (4) any sublease of any
portion of the Retail Space which was previously sublet under a sublease which was an Excluded Transaction; and (5) in the case of any sublease which is partially an Excluded Transaction (e.g,,
a sublease which is the first sublease of a portion of the Retail Space and also demises Non-Retail Space or a sublease which is the first sublease of a portion of the Retail Space and
also demises Retail Space which was previously sublet), the portions of the space sublet which would not be considered an Excluded Transaction (i.e., amounts attributable to the Non-Retail
Space or the Retail Space previously in the foregoing example would be included for the purposes of computing Profit). 

        (e)   The
term "Profit" shall mean the excess, if any, of (i) the rentals actually received by Tenant under any Included
Subleases or the consideration actually received by Tenant under any Included Assignment (it being understood that the rentals actually received under any Included Subleases or the consideration
actually received under any Included Assignment shall include sums paid for the sale or rental of Tenant's fixtures, leasehold improvements, equipment, furniture or other personal property, less,
(A) in the case of the sale thereof, the then net unamortized or undepreciated cost thereof determined on the basis of Tenant's federal income tax returns (or the foreign country equivalent
thereof, if applicable), and (B) in the case of the rental thereof, the then net unamortized cost thereof, amortized over the useful life of such item(s), and any other consideration actually
received by Tenant under any sublease or assignment, other than payments in the nature of reimbursements for amounts payable to third parties such as indemnity payments) (the  "Total Income") over
(ii) the sum (the "Total Cost") of (w) all Minimum Rent paid by
Tenant to Landlord hereunder, and the prorata amount of Impositions paid by Tenant, each of the foregoing as prorated on a rentable square foot basis to the portion of the Demised Premises so sublet,
(x) in the case of Non-Retail Space, the amount of operating expenses (based on Operating Statements furnished by Tenant to Landlord and reasonably acceptable to Landlord) paid by
Tenant in respect of the portion of the Demised Premises so sublet, excluding, without limitation, any costs not attributable to the use and occupancy of such portion, such as, for example, the cost
of overtime services not provided to such subtenant, and (y) Tenant's Transaction Costs, as hereinafter defined. The term "Tenant's Transaction
Costs" shall mean and include all actual reasonable costs and expenses incurred by Tenant consistent with the then market requirements in effectuating the subletting or
assignment, including, without being limited to, reasonable marketing expenses, real estate transfer taxes, sales taxes and taxes of like import imposed in connection with the transaction, brokerage
commissions, attorney's fees and disbursements, remodeling and redecorating costs, rent paid during any free-rent periods and takeover costs and expenses. In computing Profits,
(1) no amounts attributable to any Excluded Transaction shall be included in Total Income, Total Cost or Tenant's Transaction Costs, and (2) the Total Income, as and when received by
Tenant, shall first be offset against Tenant's Transaction Costs, as and when incurred or paid by Tenant on the basis hereinafter provided, until Tenant has recovered Tenant's Total Transaction Costs.
The Total Income, as and when received, less such Total Cost as may be paid or incurred by Tenant on the basis herein provided shall constitute Profit. Profit shall be recomputed each time Tenant
enters 

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into
an Included Sublease (or in the case of the renewal or expansion of a sublease which was previously an Excluded Transaction, upon the commencement of the renewal term of the sublease or the date
on which the expansion space is demised to the subtenant) or Included Assignment; provided, however, in no event shall Landlord ever be required to refund or credit to Tenant any sums previously paid
or determined to be owing to Landlord for prior determinations of Profit in respect of earlier Included Subleases. There shall be no duplication of offsets against Total Income. 

        (f)    If
Tenant shall not consummate an assignment of this Lease or a subletting of the Demised Premises, as the case may be, as shall have been specified in Recapture Offer
Notice within twelve (12) months following Landlord's waiver (or deemed waiver) in the case of a subletting of 200,000 rentable square feet of the Demised Premises or less, or within eighteen
(18) months after such waiver (or deemed waiver) in the case of an assignment of this Lease or a subletting of more than 200,000 rentable square feet, Tenant shall not have the right to
consummate the subletting of the Demised Premises or the assignment of this Lease, as the case may be, without again complying with all of the provisions of Section 14.3 hereof. 

        Section 14.5.    Except
for any subletting by Tenant to Landlord, each subletting shall be made in accordance with the terms and conditions of this Article 14 and
shall be subject to all of the covenants, agreements, terms, provisions and conditions contained in this Lease. Nothing in this Article 14 shall be deemed or construed to release Tenant from
liability after a subletting (other than a subletting to Landlord, but then only to the extent of the area of the Demised Premises so subleased to Landlord and only for the period of the sublease and
any holdover by Landlord) or, where permitted, an assignment, it being understood and agreed that Tenant shall and will remain fully liable for payment of the Minimum Rent and Additional Rent due and
to become due hereunder and for the performance of all the covenants, agreements, terms, provisions and conditions contained in this Lease on the part of Tenant to be performed, and all acts and
omissions of any assignee, licensee or sublessee or anyone claiming under or through any assignee or sublessee (other than through Landlord) which shall be in violation of any of the obligations of
this Lease shall be deemed to be a violation by Tenant. Tenant further agrees that, notwithstanding any such subletting, no other and further assignment or subletting of the Demised Premises shall or
will be made except upon compliance with and subject to the provisions of this Article 14. 

        Section 14.6.    If
Landlord shall (using the criteria set forth in Section 14.4 of this Lease) decline to give its consent to any proposed sublease or assignment
where such consent is required, Tenant shall indemnify, defend and hold harmless Landlord against and from any and all loss, liability, damages, costs and expenses (including reasonable counsel fees
and disbursements) resulting from any claims that may be made against Landlord by the proposed sublessee or by any brokers or other persons claiming a commission or similar compensation in connection
with the proposed sublease or assignment. The provisions of this Section 14.6 shall survive the expiration or earlier termination of the Term. 

        Section 14.7.    Intentionally
omitted. 

        Section 14.8.    With
respect to each and every sublease or subletting authorized under the provisions of this Lease (other than a sublease by Tenant to Landlord), it is
further 

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agreed:
(a) no subletting shall be for a term ending later than one (1) day prior to the Expiration Date; (b) no subtenant shall take possession of the Demised Premises or any
portion thereof until an executed counterpart of such sublease has been delivered to Landlord; (c) such subtenant shall not have any rights to underlet all or any portion of the subleased space
without Landlord's consent, and shall be subject to Landlord's right to sublease, in each of which cases on the basis provided in this Lease except that, if such subtenant is an Affiliate of Tenant at
the time of the proposed subletting, Landlord's consent shall only be required if Tenant, assuming Tenant wanted to sublet said space, would be required to obtain Landlord's consent thereto (nor shall
such subtenant have any right to assign its interest in the sublease other than to the successor to the business of the subtenant by virtue of a merger, consolidation, sale of all or substantially all
of such subtenant's assets or stock provided Landlord shall be given notice of the applicable event within twenty (20) business days after the occurrence thereof); (d) each sublease
shall provide that it is subject and subordinate to this Lease and to the matters to which this Lease is or shall be subordinate, and that in the event of termination, re-entry or
dispossess by Landlord under this Lease, Landlord may, at its option, take over all of the right, title and interest of Tenant, as sublessor, under such sublease, and such subtenant shall, at
Landlord's option, attorn to Landlord pursuant to the then executory provisions of such sublease, except that Landlord shall not (i) be liable for any previous act or omission of Tenant under
such sublease, (ii) be subject to any offset which theretofore accrued or may thereafter accrue to such subtenant against Tenant, or (iii) be bound by any previous modification of such
sublease, not consented to by Landlord, or by any previous prepayment of more than one (1) month's rent. 

        Section 14.9.    Non-disturbance.    With respect to any sublease of the Demised Premises or any
part thereof (a) which demises at least one full floor of the South Building, (b) the term of which is for at least ten (10) years or for remainder of the Term, less one day, if
less than 10 years then remains in the Term; (c) the rent and additional rent under which (after deducting therefrom an amount equal to the Impositions payable hereunder with respect to
the premises demised thereby and an amount equal to the expenses payable by Tenant to provide to the premises demised thereby the services referred to in clause (f) below) shall be no less than
the portion of the Minimum Rent payable hereunder applicable on a pro-rata basis to the premises demised thereby (or, if such rent is less, the subtenant shall agree to pay same at the
rate of the Minimum Rent payable hereunder applicable on a pro-rata basis); (d) which complies with the provisions of Section 14.4(a); (e) the subtenant under which
is, in Landlord's reasonable judgment, financially sound and capable of performing its obligations thereunder, and Tenant shall have delivered to Landlord evidence reasonably satisfactory to Landlord
of such financial status; (f) which shall entitle the subtenant to services (HVAC, elevators, cleaning, etc.) no more burdensome to provide than the services provided under typical leases for
comparable space in First-Class Office Buildings as of the date of such sublease; and (g) which provides that, after termination of this Lease and attornment by the subtenant to Landlord, the
subtenant shall not, without the prior written consent of Landlord, sublease all or any part of the premises demised thereby or assign the sublease, except in either case, to a wholly-owned subsidiary
of, or an entity wholly owning, the subtenant, or to a successor of the subtenant, by merger, sale of assets or consolidation, provided that the net worth of such successor subtenant, calculated in
accordance with generally accepted accounting principles, without regard to good will, shall be at least equal to the net worth of subtenant, as so calculated, ninety (90) days prior to the
succession transaction, and evidence
of such net worth (in the form of current financial statements certified by a "Big Five" firm of certified public accountants or current registration statements or reports filed with 

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the
Securities and Exchange Commission) shall have been delivered to Landlord, Landlord shall, upon Tenant's request, enter into an agreement in substantially the form attached hereto as
Schedule I (a "Landlord Non-Disturbance Agreement") with such subtenant. Any dispute as to whether any sublease complies with the
provisions of this Section 14.9 shall be resolved by arbitration in accordance with Section 14.13 hereof; provided, however, that the form of the Landlord Non-Disturbance
Agreement shall not be subject to arbitration. If the result of such arbitration shall be adverse to Landlord, Landlord shall not be liable for damages but Landlord shall then execute a Landlord
Non-Disturbance Agreement. If Tenant shall make any request under this Section 14.9, it shall reimburse Landlord for Landlord's reasonable out-of-pocket
expenses (including attorneys' fees and disbursements, credit investigation fees and the fees and disbursements of other professionals) incurred by Landlord in order to determine if the sublease
complies with clauses (a) through (d) above, but not the costs of any such arbitration. Notwithstanding anything in this Section 14.9, in no event shall the granting of a Landlord
Non-Disturbance Agreement by Landlord to any subtenant be deemed to create any privity of estate between Landlord and such subtenant prior to the date of any such attornment. 

        Section 14.10.    Anything
to the contrary contained herein notwithstanding, Tenant may, without the prior written consent of Landlord (but without being released from
any liability under this Lease), and without the obligation of Tenant to share any Profit, enter into any of the following transfers (each a "Permitted
Transfer"): 

        (a)   the
assignment of this Lease or the sublease of the Demised Premises to any successor to the business of Tenant by virtue of a merger, consolidation, corporate
reorganization or sale of all or substantially all of Tenant's assets or stock, provided that Landlord shall be given written notice of any such Permitted Transfer under this clause (a) within
twenty (20) business days after the effective date of such transaction; and 

        (b)   the
assignment of this Lease or the sublease of all or any portion of the Demised Premises to any of Tenant's Affiliates provided that Landlord shall be given written
notice of any such Permitted Transfer under this clause (b) within twenty (20) business days after the effective date of such transaction. In the case of a Permitted Transfer pursuant to
this clause (b), any subsequent transaction whereby such transferee shall cease to be an Affiliate of Tenant shall constitute an assignment requiring Landlord's prior written consent pursuant
to this Article 14, provided however that Landlord shall not have the rights in, and Tenant shall not be obligated to comply with, the provisions of Section 14.3 hereof (provided that
such subsequent transaction shall be done for a good business purpose and not primarily for the purpose of circumventing compliance with Section 14.3 hereof). 

        Section 14.11.    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 from and after the date of assignment, in form and substance reasonably satisfactory to Landlord. 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 Demised Premises by Tenant or
anyone claiming through Tenant (or to the assignment of any sublease) and 

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shall
not relieve Tenant from obtaining the prior written consent of Landlord to any future assignment or sublease and otherwise complying with all of the provisions of this Article 14. No
subletting or assignment will release Tenant from any of its obligations under this Lease unless Landlord, in Landlord's sole discretion, agrees to 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 accruing from and after the date
of such assignment and shall be jointly and severally liable with Tenant for all of the obligations of the Tenant under this Lease from and after the date of assignment. 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 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 if such change, modification or alteration operates to increase the obligations of the tenant under this Lease, then the liability of the named
Tenant shall continue to be no greater than if such changes, modifications or alterations had not been made. Notwithstanding anything in this Article 14 to the contrary, in the event of an
assignment of this Lease to Landlord, then Tenant shall be released of all liability and obligation under this Lease, arising or accruing from and after the effective date of such assignment. Consent
to one assignment or subletting will not be deemed a consent to any subsequent assignment or subletting. In the event of any default (beyond notice and applicable period of cure) by any assignee or
any successor of Tenant in the performance of any Lease obligation, Landlord may proceed directly against Tenant without exhausting remedies against such assignee 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
Demised 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 a Default shall have occurred and be continuing, from the subtenant, and Tenant hereby authorizes and directs such party to pay to Landlord, all Rent, Additional Rent and other charges payable
pursuant to such instrument, with the net amount so collected applied to the Minimum Rent, Additional Rent and other charges payable under this Lease, but no such acceptance of Rent by Landlord from
any person other than Tenant will be deemed a waiver by Landlord of any provision of this Article 14 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. 

        Section 14.12.    Except
as expressly set forth in the following provisions of this Section 14.12, Tenant hereby waives any claim against Landlord which it may
have based upon any assertion that Landlord has withheld or delayed any consent under this Article 14, and Tenant agrees that its sole remedy shall be to have the assertion determined by
arbitration on the basis provided in Section 14.13 of this Lease. In the event the matter is determined in favor of Tenant, the requested consent shall be deemed to have been
granted; however, Landlord shall have no liability to Tenant for its refusal or failure to give such consent unless a court of competent jurisdiction (independently of the findings of any arbitrator)
determines in a final judgment not subject to appeal that Landlord's refusal to grant such consent was arbitrary, capricious and in bad faith. 

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        Section 14.13.    Anything
to the contrary contained herein notwithstanding, if there is a dispute between Landlord and Tenant as to Landlord's disapproval (or deemed
disapproval) of any request for consent to any subletting or assignment or any matter subject to arbitration pursuant to Section 14.9, Landlord and Tenant agree to diligently proceed in good
faith to have such dispute resolved by arbitration in the City of New York in accordance with the provisions of this Section 14.13.    Tenant shall have the right to select a single
arbitrator (the "Selected Arbitrator") from the list of approved arbitrators set forth on Schedule J hereto ("Approved
Arbitrator List"), provided that at the time of such arbitration, said arbitrator is alive, willing to serve, is independent of both Landlord and Tenant, and is not a member of
a firm which is then involved in any litigation against either Landlord or Tenant. Each of Landlord and Tenant shall have the right to add persons to and delete persons from the Approved Arbitrator
List provided that (a) there shall be at least five (5) persons listed on the Approved Arbitrator List at all times during the Term and (b) any person added to the Approved
Arbitrator List shall be an attorney with at least 10 years experience in Manhattan office leasing for First-Class Office Buildings and shall be independent of both Landlord and Tenant. If
Tenant elects to submit such dispute to arbitration pursuant to the terms hereof, Tenant shall deliver written notice simultaneously to Landlord and the Selected Arbitrator. The Selected Arbitrator
shall conduct such hearings as such Selected Arbitrator deems appropriate, provided that in any such hearing Tenant shall be permitted to furnish, and the Selected Arbitrator shall be permitted to
consider, only the Required Consent Information, and Landlord shall be permitted to furnish, and the Selected Arbitrator shall be permitted to consider, only the Disapproval Grounds. The Selected
Arbitrator shall make a determination in writing as to Landlord's reasonableness or unreasonableness in withholding its consent and shall give notice to Landlord and Tenant of such determination
within seven (7) Business Days, if at all possible, after Tenant's notice to such Selected Arbitrator. In the event that an arbitral decision is not rendered within such seven
(7) Business Day period as a result of any request for adjournment or extension by Landlord, Landlord's consent to the assignment or subletting in question shall be deemed to be granted, it
being acknowledged that the granting of such expedited arbitration was a material inducement to Tenant entering into this Lease and that it is the express intention of the parties that time shall be
of the essence with respect to the seven (7) Business Day period provided therefor. The costs and expenses of arbitration shall be borne by the non-prevailing party. In rendering
his or her decision, the Selected Arbitrator shall have no power to vary, modify or amend any provision of this Lease and shall be bound by the provisions of Section 14.4(a) hereof. The
decision of the Selected Arbitrator shall be conclusive and binding upon the parties for all purposes of this Lease, and judgment thereon may be entered in any court of competent jurisdiction. 

        Section 14.14.    If
this Lease is assigned to any person or entity pursuant to the provisions of the Bankruptcy Code, any and all monies or other consideration payable
or otherwise to be delivered in connection with such assignment shall be paid or delivered to Landlord, shall be and remain the exclusive property of Landlord and shall not constitute property of
Tenant or of the estate of Tenant within the meaning of the Bankruptcy Code. Any and all monies or other consideration constituting Landlord's property under the preceding sentence not paid or
delivered to Landlord shall be held in trust for the benefit of Landlord and shall be promptly paid to or turned over to Landlord. 

        (a)   Any
person or entity to which this Lease is assigned pursuant to the provisions of the Bankruptcy Code shall be deemed without further act or deed to have assumed 

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all
of the obligations arising under this Lease on and after the date of such assignment. Any such assignee shall execute and deliver to Landlord upon demand an instrument confirming such assumption.
No assignment of this Lease shall relieve Tenant of its obligations hereunder and, subsequent to any assignment, Tenant's liability hereunder shall continue notwithstanding any subsequent modification
or amendment hereof or the release of any subsequent tenant hereunder from any liability, to all of which Tenant hereby consents in advance. 

        (b)   If
Tenant assumes this Lease and proposes to assign the same pursuant to the provisions of the Bankruptcy Code to any person or entity who shall have made a  bona fide offer to accept an assignment of this
Lease on terms acceptable to Tenant, then notice of such proposed assignment shall be given to Landlord
by Tenant no later than twenty (20) days after receipt by Tenant, but in any event no later than ten (10) days prior to the date that Tenant shall make application to a court of
competent jurisdiction for authority and approval to enter into such assignment and assumption. Such notice shall set forth (a) the name and address of such person or entity, (b) all of
the terms and conditions of such offer, and (c) adequate assurance of future performance by such person or entity under the Lease as set forth in Section 14.l4(c) below, including,
without limitation, the assurance referred to in Section 365(b)(3) of the Bankruptcy Code. Landlord shall have the prior right and option, to be exercised by notice to Tenant given at any time
prior to the effective date of such proposed assignment, to accept an assignment of this Lease upon the same terms and conditions and for the same consideration, if any, as the  bona fide offer made by
such person or entity, less any brokerage commissions which would otherwise be payable by Tenant out of the consideration to be
paid by such person or entity in connection with the assignment of this Lease. 

        (c)   The
term "adequate assurance of future performance" as used in this Lease shall mean that any proposed assignee shall, among other things, (i) deposit with
Landlord on the assumption of this Lease the sum of the then annual Minimum Rent as security for the faithful performance and observance by such assignee of the terms and obligations of this Lease,
which sum shall be held as security by Landlord, (ii) furnish Landlord with financial statements of such assignee for the prior three (3) fiscal years, as finally determined after an
audit and certified as correct by a certified public accountant, which financial statements shall show a net worth of at least six (6) times the then Minimum Rent for each of such three
(3) years, (c) grant to Landlord a security interest in such property of the proposed assignee as Landlord shall deem necessary to secure such assignee's future performance under this
Lease, and (d) provide such other information or take such action as Landlord, in its reasonable judgment shall determine is necessary to provide adequate assurance of the performance by such
assignee of its obligations under the Lease. 

        (d)   If,
at any time after the originally named Tenant herein may have assigned Tenant's interest in this Lease, this Lease shall be disaffirmed or rejected in any proceeding
of the types described in Section 17.1(b) hereof, or in any similar proceeding, or in the event of termination of this Lease by reason of any such proceeding or by reason of lapse of time
following notice of termination given pursuant to said Article 17 based upon any of the events of default set forth in such Section 17.1(b), any prior tenant, including, without
limitation, the originally named Tenant, upon request of Landlord given within thirty (30) days next following any such disaffirmance, rejection or termination (and actual notice thereof to
Landlord in the event of a disaffirmance or rejection or in the event of termination other than by act of Landlord), 

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shall
(1) pay to Landlord all Minimum Rent, Additional Rent and other items due and owing by the assignee to Landlord under this Lease to and including the date of such disaffirmance,
rejection or termination, and (2) as "tenant", enter into a new lease with Landlord of the Demised Premises for a term commencing on the effective date of such disaffirmance, rejection or
termination and ending on the date set forth in this Lease for the expiration of the term hereof, unless sooner terminated as in such lease provided, at the same Minimum Rent and Additional Rent and
upon the then executory terms, covenants and conditions as are contained in this Lease, except that (a) Tenant's rights under the new lease shall be subject to the possessory rights of the
assignee under this Lease and the possessory rights of any person claiming through or under such assignee or by virtue of any statute or of any order of any court, (b) such new lease shall
require all defaults existing under this Lease to be cured by Tenant with due diligence, and (c) such new lease shall require Tenant to pay all escalated rent reserved in this Lease which, had
this Lease not been so disaffirmed, rejected or terminated, would have accrued under the provisions hereof after the date of such disaffirmance, rejection or termination with respect to any period
prior thereto. If any such prior Tenant shall default in its obligation to enter into said new lease for a period of ten (10) days next following Landlord's request therefor, then, in addition
to all other rights and remedies by reason of such default, either at law or in equity, Landlord shall have the same rights and remedies against such Tenant as if such Tenant had entered into such new
lease and such new lease had thereafter been terminated as of the commencement date thereof by reason of such Tenant's default thereunder. 

        Section 14.15.    IDA.    Notwithstanding anything to the contrary contained in this Lease, Tenant shall have
the right, upon not less than seven (7) days prior written notice to Landlord, but without the prior consent of Landlord, to sublease all or a portion of the Demised Premises (the  "IDA Premises")
to the IDA and, together with its affiliates, to sub-sublease back from the IDA the IDA Premises. No such sublease or
sub-sublease shall (a) be subject to Landlord's right of first offer or recapture pursuant to Section 14.3 hereof, or (b) be subject to any sharing of Profit pursuant
to Section 14.4(e) hereof. 

ARTICLE 15  

 INDEMNIFICATION  

        Section 15.1.    Indemnity by Tenant.    Notwithstanding that joint or concurrent liability may be imposed upon
Landlord by a Legal Requirement, Tenant will, except to the extent caused by the negligence or tortious act or omission of Landlord Parties, IDA, any Fee Mortgagee or any of their respective agents,
officers, contractors, employees, servants and invitees, indemnify and save harmless Landlord and IDA against and from all liabilities, obligations, damages, penalties, claims, costs, charges and
expenses, including, without limitation, reasonable architects' and attorneys' fees and expenses, which may be imposed upon, or incurred by, or asserted against Landlord and/or IDA by reason of any of
the following during the Term of this Lease: 

        (a)   any
work or thing done by Tenant in, on or about the Building or any part thereof or upon the adjacent vaults, sidewalks or streets or the furnishing of any materials or
other property in respect of the Building or any part thereof; 

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        (b)   any
use, possession, occupation, condition, operation, maintenance or management of the Demised Premises or any part thereof or upon the adjacent sidewalks or streets; 

        (c)   any
negligence or tortious act or omission on the part of Tenant or any of its agents, contractors, servants, employees, or invitees; 

        (d)   any
negligence or tortious act or omission on the part of any subtenant of Tenant or any of the agents, contractors, servants, employees, or invitees of such subtenant; 

        (e)   any
accident, injury (including death) or damage to any person or property occurring in, on or about the Demised Premises or any part thereof or upon the adjacent
vaults, sidewalks or streets; or 

        (f)    any
tax recapture or loss of any Tax Credit suffered by Landlord as a result of Tenant's failure to comply with the provisions of Section 9.6. 

        Section 15.2.    Tenant
upon notice from Landlord or IDA will, at Tenant's expense, resist or defend such action or proceeding by counsel approved by Landlord or IDA, as
applicable, which approval shall not be unreasonably withheld or delayed. Counsel for Tenant's insurer are hereby deemed approved, unless
Tenant has a right to approve such counsel, in which event Landlord or IDA, as applicable, shall also have the right to approve such counsel, such approval not to be unreasonably withheld or delayed.
Such obligations of Tenant under this Article 15 as shall have accrued at the time of any termination of this Lease shall survive any such termination. 

        Section 15.3.    Indemnity by Landlord.    Notwithstanding that joint or concurrent liability may be imposed
upon Tenant by a Legal Requirement, Landlord will, except to the extent caused by the negligence or tortious act or omission of Tenant or any of Tenant's agents, officers, contractors, employees,
servants, invitees, or any person (other than Landlord Parties) claiming by, through or under Tenant, indemnify and save harmless Tenant against and from all liabilities, obligations, damages,
penalties, claims, costs, charges and expenses, including, reasonable attorneys' fees and expenses, which may be imposed upon, or incurred by, or asserted against Tenant by reason of any of the
following: 

        (a)   any
work or thing done by Landlord in, on or about the Landlord Space or any part thereof; 

        (b)   any
use, possession, occupation, condition, operation, maintenance or management of the Landlord Space or any part thereof; 

        (c)   any
negligence or tortious act or omission on the part of Landlord (or any tenant thereof (other than Tenant)) or any of its (or its tenant's (other than Tenant's))
agents, contractors, servants, employees, or invitees; or 

        (d)   any
accident, injury (including death) or damage to any person or property occurring in, on or about the Landlord Space or any part thereof. 

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        Section 15.4.    Landlord upon notice from Tenant will, at Landlord's expense, resist or defend such action or proceeding by counsel reasonably approved by Tenant, which
approval shall not be unreasonably withheld or delayed. Counsel for Landlord's insurer are hereby deemed approved, unless Landlord has a right to approve such counsel, in which event Tenant shall also
have the right to approve such counsel, such approval not to be unreasonably withheld or delayed. Such obligations of Landlord under this Article 15 as shall have accrued at the time of any
termination of this Lease shall survive any such termination. 

        Section 15.5.    Reference to Other Provisions.    The provisions set forth in Section 15.1 above shall
in no way be deemed to conflict with, restrict or in any way modify the provisions set forth in Article 17 of this Lease. 

ARTICLE 16  

 CONDEMNATION  

        Section 16.1.    Total Taking.    In the event of the Taking of the entire Building, this Lease and the terms
and estate hereby granted shall forthwith cease and terminate as of the date of vesting of title (hereinafter referred to as the "Date of Taking"), and
Tenant shall have no claim against Landlord for, or make any claim for, the value of any unexpired term of this Lease, and the Minimum Rent and Additional Rent shall be apportioned as of such date. 

        Section 16.2.    Partial Taking.    

        (a)   In
the event of a Taking which does not result in a termination of this Lease pursuant to Sections 16.1 or 16.3, this Lease shall terminate and expire with respect only
to the portion of the Demised Premises so taken, on and as of the date of taking. In all other respects this Lease shall remain in full force and effect except that Tenant shall be entitled, after
such date, to a reduction in the Minimum Rent in the proportion which the area of the Demised Premises so taken bears to the total area of the Demised Premises at the time of such Taking. 

        (b)   The
award or awards paid as a result of such Taking shall be divided and distributed in the following order of priority: 

        (i)    Landlord
and Tenant shall be entitled to all expenses incurred by them in connection with such Taking, including, without limitation, reasonable attorneys' fees and
expenses; and 

        (ii)   If
the remainder of the proceeds without interest shall be in an amount of $10,000,000.00 or less, such proceeds shall be paid to Tenant, in trust, for application by
Tenant to the Restoration of the Improvements, or, if the proceeds are in an amount in excess of $10,000,000.00, the entire proceeds shall be paid to and deposited with Landlord. If Landlord shall
receive proceeds, it shall upon the request of Tenant deliver to Tenant a certificate stating that such proceeds have been deposited with Landlord pursuant to the requirements of this Lease. 

        (c)   Tenant,
at its sole cost and expense and whether or not the proceeds shall be sufficient for the purpose, shall proceed, within forty (40) days after such Taking,
with 

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diligence
and continuity, to repair, alter (including any necessary demolition and reconstruction) and restore the remaining part of the Building to substantially its former condition, so as to
constitute a complete structure suitable for the purposes the Building is being used for as of the date hereof. All repairs, alterations, restorations or demolition conducted by Tenant as a result of
a partial Taking, including temporary repairs for the protection of the Improvements or other property pending the completion thereof, are referred to in this Lease as the  "Partial Restoration".

        (d)   The
conditions under which the Partial Restoration is to be performed and the method of proceeding with and performing the same shall be governed by all of the
provisions of Article 9; and the cost of the Restoration shall include the reasonable fees of the Construction Manager. 

        (e)   If
the proceeds arc deposited with Landlord, Landlord shall hold, apply, make available and pay over to Tenant the proceeds in the same manner as is provided for
Landlord with respect to Casualty Proceeds under the provisions of Article 9 (except that no Voluntary Alterations shall be made with such condemnation proceeds) and upon the completion and
payment of the cost of the Partial Restoration, the balance of the proceeds held by Landlord may be retained by Landlord. 

        Section 16.3.    Termination Upon Partial Taking.    

        (a)   In
the event of a Taking of less than the entire Demised Premises (i) Tenant may elect to cancel this Lease (A) in the event the area remaining following
the Taking shall not be sufficient, in the reasonable judgment of Tenant, to enable Tenant to continue the operation of its business therein in substantially the manner in which such business was
being conducted immediately prior to such Taking, or (B) if such Taking materially adversely impairs the means of access to the Building or the entrances or lobby of the South Building, or
(ii) Landlord may elect to terminate this Lease if in the reasonable judgment of Landlord and as a result of a Taking of a portion of the Building, the Building could not be operated in an
economically viable manner, provided that the party entitled to cancel the Lease serves the other party with a notice of election to cancel not later than ninety (90) days after the date of
taking. Upon the giving of such notice, this Lease shall terminate on the thirtieth (30th) day following the date of receipt of such notice and the Minimum Rent and Additional Rent shall be
apportioned as of the date of taking, with respect to the portion of the Demised Premises taken, and as of such termination date with respect to the remainder of the Demised Premises. 

        (b)   In
the event a partial taking shall occur in the last two (2) years of the Term, either Landlord or Tenant, irrespective of the area of the space remaining, may
elect to cancel this Lease and the Term hereby granted, provided such party shall have, within ninety (90) days after such taking, given notice to that effect to the other party and, upon the
receipt of such notice, the Minimum Rent and Additional Rent shall be apportioned and paid to the date of expiration of the Term specified and this Lease and the Term hereby granted shall cease,
expire and come to an end upon the expiration of the ninety (90) days specified in said notice, provided, however, that neither Landlord nor Tenant shall have the right to cancel this Lease if,
prior to the end of such ninety (90) day period, Tenant shall have delivered to Landlord notice of its irrevocable election to thereafter extend this Lease pursuant to Article 29 hereof,
in which event 

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neither
Landlord nor Tenant may elect to terminate this Lease other than on the basis set forth in Section 16.3(a) of this Lease. 

        Section 16.4.    Awards.    In the event that this Lease is terminated pursuant to Section 16.1 or 16.3,
Landlord shall be entitled to receive the entire award and compensation for the Taking, without deduction for any estate vested in Tenant by this Lease (or any value attributable thereto). Tenant
hereby assigns to Landlord any and all right, title and interest which the Tenant may have in or to any such award and compensation (other than Tenant's claim for statutory moving expenses, if any);
and Tenant agrees to execute and file any and all applications, statements, documents, and instruments necessary or desirable to facilitate Landlord's collection of any such award and compensation.
Notwithstanding anything to the contrary contained in this Section 16.4, Tenant shall have the right, at its sole cost and expense, to prosecute a direct claim against a condemning authority
for the value of any fixtures or equipment furnished or installed in the Demised Premises by Tenant and for Tenant's moving expenses; provided, however,
that no such claim shall diminish or otherwise adversely affect any award(s) made for the Land and/or the Improvements. In the event that Tenant is not permitted to make a separate claim for such
items in such proceeding, Landlord shall prosecute all claims in such proceeding on behalf of both Landlord and Tenant, in which event Tenant may, if it so elects and at its expense, join with
Landlord in such proceeding, retain co-counsel, attend hearings, present arguments and generally participate in the conduct of the proceeding; provided, however, that, if Landlord incurs
any additional expense because of Tenant's exercising its rights under this sentence, Tenant will bear such additional expense. 

        Section 16.5.    Temporary Taking.    In the event of a Taking of the whole or any part of the Demised Premises
or of Tenant's interest in this Lease for a temporary use or occupancy, the Term of this Lease shall not be reduced or affected in any way and Tenant shall continue to pay in full the Rent and other
charges herein reserved, without reduction or abatement, in the manner and at the times herein specified and, except only to the extent that Tenant is prevented from so doing pursuant to the terms of
the order of the condemning authority, Tenant shall continue to perform and observe all of the other terms of this Lease as though such temporary taking had not occurred. However, Tenant shall be
entitled to the portion of the award or compensation for such temporary Taking (after subtraction of all necessary and proper expenses of collection incurred by Landlord) equal to the Rents payable
hereunder during the period covered, together with such additional reasonable and actual expenses as Tenant incurs in connection with relocation to alternate space for the period of such temporary
Taking. The balance of the award and compensation shall be payable to Landlord. In addition, Landlord shall be entitled to collect from such award the total estimated cost of restoring the Demised
Premises after the termination of such temporary use, which amount shall be made available to Tenant when and if, during the Term of this Lease, Tenant shall obtain possession and shall proceed with
restoring the same as nearly as possible to the conditions which the Demised Premises were immediately prior to such temporary Taking, with such changes and alterations as Tenant may elect to make at
its own expense in conformity with the provisions of Article 9. 

        Section 16.6.    Arbitration.    If the order or decree in any condemnation or similar proceedings shall fail
to determine the separate amounts to be awarded to those who are entitled to such amounts hereunder, and if Landlord and Tenant do not agree thereon within thirty (30) days after the final
award or awards shall have been fixed and determined, such separate amounts 

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shall
be determined by arbitration, but the arbitrators shall be bound by the provisions of this Article 16 in the division of such award or awards. 

        Section 16.7.    Interest on Proceeds.    Those who are entitled to share in any proceeds pursuant to this
Article 16 shall be entitled to any interest paid on the award or awards received by them or applied for their amount. 

        Section 16.8.    Right to Appear.    Landlord and Tenant shall each have the right, at their own expense, to
appear in any condemnation proceeding and to participate in any and all hearings, trials and appeals therein. 

        Section 16.9.    Notice.    In the event Landlord or Tenant shall receive notice of any proposed or pending
Taking affecting the Building, the party receiving such notice shall promptly notify the other party of the receipt and contents thereof. 

ARTICLE 17  

 CONDITIONAL LIMITATIONS; OTHER DEFAULTS  

        Section 17.1.    Each
of the following shall constitute a "Default" under this Lease: 

        (a)   If
Tenant fails to pay (i) any installment of Minimum Rent within five (5) days after notice from Landlord to Tenant of the failure to pay the same or
(ii) any item of Additional Rent within fifteen (15) days after notice from Landlord to Tenant of the failure to pay the same; 

        (b)   (i)
If Tenant shall commence or institute any case, proceeding or other action (x) 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, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, or (y) seeking appointment of a receiver, trustee, custodian or
other similar official for it or for all or any substantial part of its property; 

        (ii)   if
Tenant shall make a general assignment for the benefit of creditors; 

        (iii)  if
any case, proceeding or other action shall be commenced or instituted against Tenant (x) seeking to have an order for relief entered against it 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 (y) seeking appointment of a
receiver, trustee, custodian or other similar official for it or for all or any substantial part of its property, which in either of such cases (A) 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 (B) remains undismissed for a period of sixty
(60) days; 

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        (iv)  if
any case, proceeding or other action shall be commenced or instituted against Tenant seeking issuance of a warrant of attachment, execution, distraint or similar
process against all or substantially all of its property or against its interest in this Lease which results in the entry of an order for any such relief which shall not have been vacated, discharged,
or stayed or bonded pending appeal within sixty (60) days from the entry thereof; 

        (v)   if
a trustee, receiver or other custodian is appointed for all or substantially all of the assets of Tenant or against Tenant's interest in this Lease, which appointment
is not vacated or stayed within seven (7) business days; 

        (vi)  if
any execution or attachment shall be issued against Tenant or any of Tenant's property whereupon the Demised Premises shall be taken or occupied by someone other man
Tenant; or 

        (c)   If
Tenant shall default in the observance or performance of any term, agreements, covenant, provision or condition of this Lease on Tenant's part to be observed or
performed (other than those specified in clauses (a), (b) and (e) of this Section 17.1), and if Tenant shall have failed to comply with or remedy any default specified in this
clause (c) within thirty (30) days after notice thereof from Landlord, or if the said default or omission complained of shall be of a nature that the same cannot be completely cured or
remedied within said thirty (30) day period, and if Tenant shall not have diligently commenced curing such default within such thirty (30) day period, and if Tenant shall not thereafter
with reasonable diligence and in good faith proceed to remedy or cure such default; or 

        (d)   If
there shall be any material default by Tenant under the Shared Services Agreement and if Tenant shall have failed to comply with or remedy any such default within
sixty (60) days after notice thereof from Landlord, or if the said default or omission complained of shall be of a nature that the same cannot be completely cured or remedied within said sixty
(60) day period, and if Tenant shall not have diligently commenced curing such default within such sixty (60) day period, and if Tenant shall not thereafter with reasonable diligence and
in good faith proceed to remedy or cure such default; or 

        (e)   If
Tenant shall default in the performance of any obligation of Tenant under Articles 34 or 37 and such default shall continue for a period in excess of thirty
(30) days following the giving of written notice by Landlord to Tenant (or, (A) if such default is of a nature that it cannot reasonably be cured within such 30-day period,
if Tenant shall fail to commence the cure within such 30-day period and thereafter diligently pursue such cure to completion or (B) if such default is of an emergency nature, then
such thirty (30) day period shall be reduced to a reasonable period given the circumstances of the default). 

In
each such event set forth in clauses (a), (c) or (d) of this Section 17.1, Landlord may, at its option, serve a second written notice ("Second Default
Notice") upon Tenant, which such notice shall specifically refer to this Section 17.1 and shall state in bold, uppercase type on the first page thereof:  FAILURE TO CURE THE DEFAULT DESCRIBED HEREIN
WITHIN TWO DAYS FROM THE DATE HEREOF IN THE CASE OF A MONETARY DEFAULT OR FIVE DAYS FROM THE DATE HEREOF IN THE CASE OF A
NON-MONETARY  

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 DEFAULT SHALL RESULT IN A TERMINATION OF THE LEASE AT ONE MADISON AVENUE.  

        Section 17.2.    In the case of (a) a Default described in Section 17.1(b), (b) a Default described in
Section 17.1(a) which is not cured by Tenant within two (2) days from receipt of the Second Default Notice and/or (c) a Default described in Section 17.1 (c) or
(d) which is not cured by Tenant within five (5) days from receipt of the Second Default Notice, Landlord may, at its option, serve a written five (5) days' notice of cancellation
of this Lease upon Tenant, and upon the expiration of said five (5) days, this Lease and the term thereunder shall end and expire as fully and completely as if the expiration of such five
(5) day period were the Expiration Date and Tenant shall then quit and surrender the Demised Premises to Landlord but Tenant shall remain liable as hereinafter provided. 

        Section 17.3.    If
the five (5) day notice provided for in Section 17.2 hereof shall have been given, and the Term shall expire as aforesaid, then, and in
any of such events, Landlord may re-enter the Demised Premises and dispossess Tenant and the legal representative of Tenant or other occupants of the Demised Premises by summary or other
legal proceedings and remove their effects and hold the Demised Premises as if this Lease had not been made. 

        Section 17.4.    In
the case of a Default described in Section 17.1(e), if such Default shall impair any Landlord Party's ability to use the Landlord Space for
the conduct of its business, then, to the extent that such default can be cured by the performance of work entirely within the Landlord Space, Landlord may perform such work on Tenant's behalf and at
Tenant's sole cost and expense. Any such work performed by Landlord shall be performed in accordance with and subject to all of the terms, covenants and conditions of this Lease. Tenant shall
reimburse Landlord, within thirty (30) days after delivery of an invoice, for Landlord's costs and expenses plus interest at the Interest Rate charged from the date the costs and expenses were
incurred by Landlord until the date paid in full. In the event Tenant fails to reimburse Landlord for Landlord's costs and expenses, within such thirty-day period, Landlord shall be
entitled to offset the amount owed by Tenant against the next installment(s) of Operating Payments, Tax Payments and Electricity Submeter Charges due hereunder. Notwithstanding anything to the
contrary set forth herein, Landlord shall not have the right to terminate this Lease in the case of a Default described in Section 17.1(e). 

        Section 17.5.    Notwithstanding
any expiration or termination prior to the Lease expiration date as set forth in this Article 17, except as provided in
Article 18 hereof, Tenant's obligation to pay Minimum Rent and Additional Rent under this Lease shall continue to cover all periods up to the Expiration Date. 

        Section 17.6.    Anything
contained in this Article 17 to the contrary notwithstanding, if any termination of this Lease pursuant to this Article 17 shall
be stayed by order of any court having jurisdiction over any proceeding described in Section 17.1(b) hereof, or by federal or state statute, then, following the expiration of any such stay,
Tenant or Tenant as debtor-in-possession shall fail to assume Tenant's obligations under this Lease within the period prescribed therefor by law or within one hundred twenty
(120) days after entry of the order for relief or as may be allowed by the court, or if said trustee, Tenant or Tenant as debtor-in-possession shall fail to provide
adequate protection of Landlord's right, title and interest in and to 

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the
Demised Premises or adequate assurance of the complete and continuous future performance of Tenant's obligations under this Lease as provided in Section 14.14(c), Landlord, to the extent
permitted by law or by leave of the court having jurisdiction over such proceeding, shall have the right, at its election, to terminate this Lease on five (5) days' notice to Tenant, Tenant as
debtor-in-possession or said trustee and upon the expiration of said five (5) day period this Lease shall cease and expire as aforesaid and Tenant, Tenant as
debtor-in-possession or said trustee shall quit and surrender the Demised Premises as aforesaid. 

        Section 17.7.    If
at any time, (i) Tenant shall be comprised of two (2) or more persons, or (ii) Tenant's obligations under this Lease shall have
been guaranteed by any person other than Tenant, or (iii) Tenant's interest in this Lease shall have been assigned, the word "Tenant", as used in Section 17.1(b), shall be deemed to mean
any one or more of the persons primarily or secondarily liable for Tenant's obligations under this Lease. Any monies received by Landlord from or on behalf of Tenant during the pendency of any
proceeding of the types referred to in Section 17.1(b) shall be deemed paid as compensation for the use and occupation of the Demised Premises and the acceptance of any such compensation by
Landlord shall not be deemed an acceptance of rental or a waiver on the part of Landlord of any rights under this Article 17. 

ARTICLE 18  

 REMEDIES OF LANDLORD: WAIVER OF REDEMPTION  

        Section 18.1.    In
ease of any such re-entry, expiration and/or dispossession by summary proceedings or other legal proceedings as set forth in
Article 17 hereof (a) the rent shall become due thereupon and be paid up to the time of such re-entry, expiration and/or dispossession,
together with such expenses as Landlord may reasonably incur for legal expenses, reasonable attorneys' fees and expenses, brokerage fees, and/or putting the Demised Premises into the condition in
which Tenant would have been obligated to deliver the Demised Premises on the Expiration Date; (b) Landlord may re-let the Demised Premises or any part or parts thereof, either in
the name of Landlord or otherwise, for a term or terms which may at Landlord's option be less than or exceed the period which would otherwise have constituted the balance of the term of this Lease and
may grant concessions or free rent; and/or (c) Tenant shall, in addition to the other rights and remedies Landlord has, or may claim by virtue of any other provision contained herein or by
virtue of any statute or rule of law, also pay Landlord as liquidated damages (and not as a penalty) for the failure of Tenant to observe and perform said Tenant's covenants, agreements, terms,
provisions and conditions herein contained: (y) any deficiency between the rent hereby reserved and/or covenanted to be paid and the net amount, if any, of the rents collected on account of the
Lease or leases of the Demised Premises (or, in the event that Landlord or any Affiliate of Landlord, at its or their option but without any obligation to do so, re-occupies any portion of
the Demised Premises, the fair market rental value attributable to the portion of the Demised Premises so occupied for the period of such occupancy) for each month of the period which would otherwise
have constituted the balance of the term of this Lease, or, at Landlord's option, but in lieu of any other damages which may otherwise be recoverable by Landlord hereunder with respect to the loss of
the benefit of Landlord's bargain, (z) a sum which at the time of such termination of this Lease or at the time of any such re-entry by Landlord, as the case may be, represents the
then present value of the excess (employing a discount factor equal to the Treasury Rate, as such term is hereinafter defined), if any, of (i) the aggregate amount 

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of
the Minimum Rent and the Additional Rent which would have been payable by Tenant (conclusively presuming the average monthly Additional Rent to be the same as were payable for the last twelve
(12) calendar months, or if fewer than twelve (12) calendar months have then elapsed from the Effective Date, all of the calendar months following the Effective Date) for the period
commencing with such earlier termination of this Lease or the date of any such re-entry, as the case may be, and ending with the date contemplated as the expiration date hereof if this
Lease had not so terminated or if Landlord had not so re-entered the Demised Premises, over (ii) the aggregate fair market rental value of the Demised Premises for the same period.
The failure or refusal of Landlord to re-let the Demised Premises or any part or parts thereof shall not release or affect Tenant's liability for damages. In computing such liquidated
damages there shall be added to the said deficiency such actual out-of-pocket expenses as Landlord may reasonably incur in connection with re-letting, such as legal
expenses, reasonable fees, brokerage fees and for keeping the Demised Premises in good order or for preparing the same re-letting. Any liquidated damages payable to clause (y) of
this Section 18.1 shall be paid in monthly installments by Tenant on the rent days specified in this Lease and any suit brought to collect the amount of the deficiency for any month shall not
prejudice in any way the rights of Landlord to collect the deficiency for any subsequent month by a similar proceeding. Landlord, at Landlord's option, may make such alterations, repairs, replacements
and/or decorations in the Demised Premises as Landlord, in Landlord's reasonable judgment, considers advisable and necessary for the purpose of re-letting the Demised Premises; and the
making of such alterations and/or decorations shall not operate or be construed to release Tenant from liability hereunder as aforesaid. Landlord shall in no event be liable in any way whatsoever for
failure or refusal to re-let the Demised Premises or any parts thereof, or, in the event that the Demised Premises are re-let, for failure to collect the rent thereof under
such re-letting. For purposes hereof, the term "Treasury Rate" shall mean the yield in percent per annum of the Treasury Constant Maturities
for ten (10) year terms as published in document H.15 (519) (presently published by the Board of Governors of the Federal Reserve System titled "Federal Reserve Statistical Release") for
the calendar week immediately preceding the calendar week in which the Treasury Rate is to be determined. If the publishing of the yield of Treasury Constant Maturities is ever discontinued, then the
Treasury Rate shall be based upon the index which the Board of Governors of the Federal Reserve System publishes in replacement or, if no such replacement index is published, the index which, in
Landlord's reasonable determination, most nearly corresponds to the yield of the Treasury Constant Maturities. 

        Section 18.2.    Tenant
hereby expressly waives any and all rights of redemption granted by or under any present or future laws in the event of Tenant's being evicted or
dispossessed for any cause, or in the event of Landlord's obtaining possession of the Demised Premises, by reason of the violation by Tenant of any of the covenants, terms, provisions and conditions
of this Lease or otherwise (beyond applicable notice and grace periods). 

        Section 18.3.    Suit
or suits for the recovery of such damages, or any installments thereof, may be brought by Landlord from time to time at its 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 so terminated under the provisions of
Article 17 or under any provision of law, or had Landlord not re-entered the Demised Premises. Except as expressly set forth in Section 18.1 hereof, nothing herein contained
shall be construed to limit or preclude recovery by Landlord or Tenant against the other of any sums or damages to which, in addition to the damages particularly provided herein, such party may
lawfully recover. 

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        Section 18.4.    In
the event of a breach or threatened breach by either Landlord or Tenant of any of the covenants, agreements, terms, provisions and conditions hereof,
the non-breaching party shall have the right to seek an injunction and the right to invoke any remedy allowed at law or in equity, and the mention in this law of any particular remedy
shall not preclude Landlord or Tenant from any other remedy, at law or in equity, except as expressly set forth in Section 18.1 hereof and except for consequential and punitive damage, which
consequential and punitive damages Landlord and Tenant each hereby waive and release. 

        Section 18.5.    Right to Perform.    If Tenant shall fail to pay any Imposition or make any other payment
required to be made under this Lease or shall default in the performance of any other covenant, agreement, term, provision or condition herein contained, Landlord, without being under any obligation
to do so and without thereby waiving such failure or default, may make such payment or remedy such other default for the account and at the expense of Tenant, immediately and without notice in the
case of emergency, or in any other case provided Tenant shall fail to make such payment or remedy such default within the applicable grace period
specified in Section 17.1 after Landlord shall have notified Tenant of such failure or default. Bills for any expense incurred by Landlord in connection therewith, and bills for all costs,
expenses and disbursements of every kind and nature, including, without limitation, reasonable attorneys' fees and expenses, involved in collection or endeavoring to enforce any
right against Tenant, under or in connection with this Lease, or pursuant to law, including, without limitation, any such costs, expenses and disbursements involved in instituting and prosecuting
summary proceedings, as well as bills for any property, material, labor or services provided, furnished or rendered, or caused to be furnished or rendered, by Landlord to Tenant with respect to the
Demised Premises and other equipment and construction work done for the account of Tenant (together with interest at the Interest Rate from the respective dates of Landlord's making of each such
payment or incurring of each such cost or expense), may be sent by Landlord to Tenant monthly, or immediately, at Landlord's option, and shall be due and payable in accordance with the terms of such
bills and if not paid when due the amount thereof shall immediately become due and payable as Additional Rent under this Lease. 

ARTICLE 19  

 SURRENDER  

        Section 19.1.    Condition on Surrender.    Upon the expiration or sooner termination of the Term of this
Lease, Tenant shall surrender the Demised Premises, broom clean to the possession and use of Landlord without delay and, except for reasonable wear and tear and damage by fire, the elements or other
casualty and condemnation, in good order, condition and repair for premises of the type, class and character of the Demised Premises, free and clear of all subtenants, lettings and occupancies other
than those with respect to which Landlord has executed a non-disturbance agreement which is still in effect and of all liens and encumbrances other than those, if any, to which this Lease
is now subject or which may hereafter be created or consented to by Landlord or any person claiming under or through Landlord, other than Tenant or any person claiming under or through Tenant. 

        Section 19.2.    Removal of Specialty Alterations.    

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        (a)   Landlord
shall have the right to elect to have Tenant remove some or all of Tenant's Specialty Alterations by giving written notice to Tenant no earlier than twenty four
(24) months prior to the Expiration Date and no later than twelve (12) months prior to the Expiration Date. Upon such written request to Tenant, Tenant shall, at its sole cost and
expense, remove such Specialty Alterations on or before the Expiration Date or sooner termination of this Lease, restore the Demised Premises to the condition existing prior to the installation of
such Specialty Alterations and repair all damage to the Demised Premises, if any, resulting from such removal. Landlord shall also have the right (without giving the aforesaid notice) to remove any
such Specialty Alterations within six months after the Expiration Date or sooner termination of the Term. In the event Landlord so removes such Specialty Alterations, the reasonable cost of such
removal and of restoring the Demised Premises to the condition existing prior to the installation of such Specialty Alterations and repairing all damage to the Demised Premises, if any, resulting from
such removal shall be paid by Tenant within thirty (30) days after written demand therefor. 

        (b)   Notwithstanding
the foregoing, Tenant shall have the right to submit to Landlord plans and specifications for any Voluntary Alteration (whether or not Landlord's
approval thereof is required under Article 9 hereof) and request that Landlord deliver to Tenant notice (the "Alteration Notice") stating whether
or not such Voluntary Alteration constitutes a Specialty Alteration which Tenant would be required to remove (or Landlord could remove at Tenant's expense) pursuant to Section 19.2(a). If
Landlord shall have failed to respond to Tenant's request for an Alteration Notice within twenty (20) Business Days after Tenant shall have submitted Tenant's written request therefor together
with all applicable plans and specifications, then Tenant shall have the right to give to Landlord a second notice (a "Second Alteration Request"), and
if Landlord shall fail to respond to such Second Alteration Request within five (5) Business Days after Landlord's receipt thereof, then Landlord shall be deemed to have determined that such
Specialty Alteration need not be removed at the end of the Term, provided and on condition that the Second Alteration Request shall specifically refer to this Section 19.2(b) and shall state in
bold uppercase letters on the first page thereof: "LANDLORD SHALL BE DEEMED TO HAVE DETERMINED THAT THE ALTERATION DESCRIBED IN THE SUBMITTED PLANS AND SPECIFICATIONS NEED NOT
BE REMOVED AT THE END OF THE TERM IF LANDLORD FAILS TO DELIVER A NOTICE TO TENANT STATING WHETHER OR NOT TENANT WILL BE REQUIRED TO REMOVE SUCH ALTERATION WITHIN FIVE (5) BUSINESS DAYS AFTER
THIS NOTICE SHALL HAVE BEEN GIVEN TO LANDLORD." If Landlord delivers an Alteration Notice stating that the proposed Tenant Alteration is a Specialty Alteration which must be
removed at or prior to the Expiration Date or sooner termination of this Lease, Landlord shall not be required to deliver the notice set forth in Section 19.2(a) with respect to such Tenant
Alteration, and Tenant shall be required to remove such Specialty Alteration in accordance with Section 19.2(a). As of the date hereof, none of the Alterations for which Tenant has delivered to
Landlord plans and specifications constitute Specialty Alterations. The storefront installed pursuant to the sublease dated March 18, 2003 between Tenant and Walgreen Eastern Co. Inc.
does not constitute a Specialty Alteration. 

        Section 19.3.    Fixtures, etc.    Tenant shall remove its furniture, trade fixtures and trade equipment (not
constituting part of the Demised Premises) and other personal property at or 

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prior
to the expiration or termination of this Lease and shall promptly repair any damage due to such removal. 

        Section 19.4.    Abandonment of Personal Property.    Any personal property of Tenant which shall remain in the
Demised Premises after the termination of this Lease may, at the option of Landlord, be deemed to have been abandoned by Tenant and either may be retained by Landlord as its property or be disposed of
without accountability in such manner as Landlord may determine. Landlord shall not, at any time, be responsible for any loss or damage occurring to any property owned by Tenant except to
the extent caused by the negligence or willful misconduct of Landlord or any of Landlord's agents, contractors, employees or servants. 

        Section 19.5.    Intentionally omitted.    

        Section 19.6.    Survival.    The provisions of this Article 19 shall survive the expiration or
termination of this Lease. 

ARTICLE 20  

 CERTIFICATE OF OCCUPANCY  

        Section 20.1.    To
the best of Landlord's knowledge, attached to the Original Lease as Schedule K is a photocopy of the certificate of occupancy for the Building
as of February 22, 2001. Pursuant to Section 9.6(e) of the Original Lease and Section 9.6(e) hereof, Tenant was and is responsible for renewing the temporary certificate of
occupancy for the South Building. Tenant will not at any time use or occupy the Demised Premises in violation of the certificate of occupancy issued for the Building. Tenant may, from time to time,
with the prior consent of Landlord, not to be unreasonably withheld or delayed, modify the certificate of occupancy for the Demised Premises provided the same (i) does not permit uses other
than those permitted under Article 6 of this Lease, (ii) does not adversely affect the use and occupancy of the balance of the Building, and (iii) does not result in Landlord
having to perform any additions, alterations or improvements to the balance of the Building to comply with any Legal Requirement which would not have been applicable if the certificate of occupancy
remained unmodified. Landlord shall not do anything to prevent the issuance of, or cause the loss or revocation of, a certificate of occupancy for the Building permitting the use thereof for office
use or the Retail Space for retail use. Landlord shall not amend the certificate of occupancy for the Tower to change the use thereof. If either party's execution alone would not be sufficient to
obtain a certificate of occupancy or amendment thereto for which such party may be permitted to obtain or is legally required to obtain, the other party shall, upon request by the party seeking such
certificate or amendment thereto, promptly execute and deliver (or cause to be executed and delivered) all factually correct and lawful applications and consents required by Legal Requirements and/or
Insurance Requirements to be filed in order to enable such certificate of occupancy or amendments thereto to be obtained, provided the party requested to sign the same thereby incurs no liability or
expense which is not reimbursed. 

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ARTICLE 21  

 ARBITRATION  

        Section 21.1.    Selection of Arbitrator.    Whenever in this Lease it is provided that a dispute shall or may
be submitted to or be determined by arbitration, the arbitration shall be conducted as provided in this Article 21. The party desiring such arbitration shall give notice to that effect to the
other, and within ten (10) days after such notice is given, the matter shall be submitted to arbitration in New York, New York in accordance with the Commercial Arbitration Rules of the
American Arbitration Association (or its successor) providing for a single arbitrator. In deciding the dispute, the arbitrator shall act in accordance with the rules then in force of the American
Arbitration Association, subject, however, to such limitations as may be placed upon them by the provisions of this Lease, In the event that the American Arbitration Association or a nationally
recognized successor shall not then be in existence, the arbitration shall proceed under the provisions of another generally recognized arbitration association selected by Tenant and reasonably
approved by Landlord. Landlord and Tenant shall be entitled to present evidence and argument to the arbitrator. The decision of the arbitrator shall be conclusive upon the parties for all purposes of
this Lease, and judgment thereon may be entered in any court of competent jurisdiction. 

        Section 21.2.    Matters Arbitrable.    The rights and/or obligations of Landlord and Tenant to submit a
dispute to arbitration are limited to disputes arising under those provisions of this Lease which specifically provide for arbitration. 

ARTICLE 22  

 QUIET ENJOYMENT  

        Section 22.1.    Covenant.    As long as this Lease shall remain in full force and effect and Tenant shall not
be in Default of any of the terms or conditions of this Lease, Tenant shall peaceably and quietly enjoy the Demised Premises hereby demised for the term of this Lease, without hindrance or molestation
by anyone claiming by, through or under Landlord, subject, nevertheless, to the covenants, agreements, terms, provisions and conditions of this Lease. 

ARTICLE 23  

 CERTIFICATES  

        Section 23.1.    Landlord
and Tenant shall, without charge, at any time and from time to time, within ten (10) business days after request by the other party,
deliver a written instrument to the requesting party or any other person, firm or corporation specified by the requesting party, duly executed, stating, as applicable: 

        (a)   that
this Lease is unmodified and in full force and effect or, if there has been any modification, that the same is in full force and effect as modified and stating any
such modification; 

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        (b)   whether
or not, to the knowledge of the certifying party, there are then existing any setoffs or defenses against the enforcement of any of the agreements, terms,
provisions, covenants, or conditions of this Lease and any modification thereof upon the part of the certifying party to be performed or complied with, and, if so, specifying in reasonable detail the
specific facts, aspects of, circumstances or basis of the same; 

        (c)   the
dates to which the Minimum Rent and Additional Rent have been paid; and 

        (d)   whether
the term of this Lease has commenced and Rent become payable thereunder, and whether Tenant has accepted possession of the Demised Premises and any additional
information such party may reasonably request. 

If
Tenant should fail to deliver the requested estoppel certificate within the foregoing ten (10) business day period, Landlord may serve a second notice on Tenant specifying that Tenant's
failure to deliver the same within ten (10) business days of Tenant's receipt of that notice shall at Landlord's option be, and be deemed, a Default under this Lease and any failure by Tenant
to deliver the same within such ten (10) business day period shall, at Landlord's option, be deemed to be a Default hereunder. 

ARTICLE 24  

 NOTICES  

        Section 24.1.    Service of Notices.    Any notice or demand, consent, approval or disapproval (collectively,  "Notice") required or permitted
to be given by the terms and provisions of this Lease, or by any Legal Requirement, either by Landlord to Tenant or by
Tenant to Landlord, shall be in writing. Unless otherwise required by such Legal Requirement, such notice, demand, consent, approval or disapproval (other than for bills for Minimum Rent or Additional
Rent) shall be given, and shall be deemed to have been served and given, if sent by prepaid nationally recognized overnight express service and same shall be deemed delivered and effective the next
Business Day after deposit with such carrier. Rejection or other refusal to accept or the inability to deliver because of changed address of which no notice was given shall be deemed to be receipt of
the notice sent. If such notice is from Landlord to Tenant, such notice shall be addressed to Tenant, at 11 Madison Avenue, New York, New York 10010-3629, Attention: Managing Director,
Corporate Services, with a copy thereof simultaneously being sent by the same mailing procedure to Shearman & Sterling, 599 Lexington Avenue, New York, New York 10022, Attention: Chris M.
Smith, Esq. and with a copy of any notice of default to Tenant simultaneously being sent by the same mailing procedure, to 11 Madison Avenue, New York, New York 10010-3629, Attention:
General Counsel. Such notice from Tenant to Landlord shall be addressed to the Metropolitan Life Insurance Company, Real Estate Investments, 10 Park Avenue, Morristown, New Jersey 07960, Attention:
Director, New York Region Field Office, with a duplicate thereof, simultaneously being sent by the same mailing procedure to Metropolitan Life Insurance Company, 10 Park Avenue, Morristown, New Jersey
07960, Attention: Chief Counsel, Real Estate Investments, and to Kronish Lieb Weiner & Hellman LLP, 1114 Avenue of the Americas, New York, New York 10036, Attention: Mark Lipschutz, Esq. 

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        Section 24.2.    Change of Address.    Any address or name specified above may be changed by a Notice given by
the addressee to the other party in accordance with Section 24.1. hereof. 

        Section 24.3.    Effective Date of Notices.    All Notices shall be effective upon receipt and the time period
in which a response to any such Notice must be given shall commence to run from the date of receipt on the delivery confirmation or the return receipt of the notice by the addressee or the courier
thereof, as the case may be. Rejection or other refusal to accept or the inability to deliver because of changed address of which no Notice was given shall be deemed to be receipt of the Notice sent.
In the event that an overnight express delivery is not being accepted for delivery, Notices to Tenant may then be served by hand delivery to the addressees above Notices to Landlord may then be served
by hand
delivery to the Vice President, Real Estate Investments, and to the Chief Counsel, Real Estate Investments, Law Department, of Metropolitan Life Insurance Company. Either party may, by Notice as
aforesaid, designate a different (i) address or addresses within the United States of America for Notices and/or (ii) representative(s) upon whom service may, as above provided, be made
or effected. 

ARTICLE 25  

 MEMORANDUM OF LEASE  

        Section 25.1.    Memorandum.    At any time after the date hereof but prior to the Expiration Date, upon
Tenant's request, Landlord and Tenant shall execute a memorandum of this Lease, in recordable form, in substance reasonably satisfactory to both parties. Tenant may, at its sole cost and expense,
record said memorandum. Upon the expiration or sooner termination of this Lease, Tenant shall, within five (5) days of request, execute and deliver to Landlord a release of such memorandum in
form required for recording and Tenant hereby irrevocably constitutes and appoints Landlord the attorney-in-fact of Tenant to execute, deliver and record such release with the
appropriate recording officer or office, if Tenant shall fail to so executed and deliver such release within such five (5) day period. Said power of attorney shall be deemed a power coupled
with an interest and irrevocable so long as any memorandum of this Lease remains of record. Such memorandum shall not be deemed to modify or change any provisions of this Lease. 

ARTICLE 26  

 SUBORDINATION  

        Section 26.1.    Subordination.    

        (a)   When,
as and if each Subordination and Non-Disturbance Agreement (and as defined herein) to be entered into under Section 26.1(c) is executed and
delivered, this Lease and Tenant's rights hereunder shall be and become subject and subordinate to the applicable mortgages which may hereafter affect the Land and the Improvements (herein referred to
as the "Fee Mortgages" or the "Fee Mortgage"), and to all modifications, consolidations, replacements
and extensions thereof. 

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        (b)   The
holder of any Fee Mortgage ("Fee Mortgagee") may, elect that this Lease shall have priority over such Mortgage and,
upon notification by such Fee Mortgagee to Tenant, this Lease shall be deemed to have priority over such Fee Mortgage, whether this Lease is dated prior, or subsequent, to the date of such Fee
Mortgage. 

        (c)   The
subordination of this Lease to any Fee Mortgage in accordance with Section 26.1 (a) shall be provided under an agreement executed and delivered by the
Fee Mortgagee, and Tenant, and, if reasonably required by such Fee Mortgagee or by Tenant, also by Landlord, and such agreement (each such agreement, while in force, the  "Subordination and Non-Disturbance Agreement")
 shall be in substantially the form annexed hereto as Schedule L and shall be executed
by Tenant and returned to Landlord within fifteen (15) business days of Landlord's request therefor, it being understood and agreed that Tenant will agree to such reasonable changes to the
Subordination and Non-Disturbance Agreement requested by the Fee Mortgagee, provided such changes (i) do not affect Tenant's rights or obligations under this Lease except to a de
minimis extent, (ii) do not increase Tenant's financial obligations under this Lease and (iii) do not shorten or lengthen the Term. 

        Section 26.2.    Attornment.    

        (a)   If
Landlord's interest in the Demised Premises is encumbered by a Fee Mortgage and such Fee Mortgage is foreclosed, or Landlord's interest in the Demised Premises is
acquired by deed in lieu of foreclosure or if Landlord's interest in the Demised Premises is sold pursuant to such foreclosure or by reason of a default under said Fee Mortgage, then notwithstanding
such foreclosure, such acquisition by deed in lieu of foreclosure, such sale, or such default, but subject to the provisions of any Subordination and Non-Disturbance Agreement with such
Fee Mortgagee (i) Tenant shall not disaffirm this Lease or any of its obligations hereunder, and (ii) this Lease shall continue as a direct lease between such applicable Fee Mortgagee,
transferee by deed in lieu of foreclosure or purchaser at such foreclosure, as the landlord under this Lease, and Tenant, as the tenant under this Lease. 

        (b)   If
Landlord's interest in the Demised Premises is a leasehold interest, at any time, and if Landlord's leasehold interest is terminated for any reason, then,
notwithstanding such termination, the dispossession of Landlord from the Improvements, or any default by Landlord, as tenant, under any ground lease or overlease, but subject to the provisions of any
Subordination and Non-Disturbance Agreement with such ground lessor, (i) Tenant shall not disaffirm this Lease or any of its obligations hereunder, and (ii) this Lease shall
continue as a direct lease between such ground lessor or overlandlord, as the landlord under this Lease, and Tenant, as the tenant under this Lease, but at the request of such ground lessor or
overlandlord, Tenant shall attorn to the applicable ground lessor and execute a new lease for the Demised Premises setting forth all of the provisions of this lease except that the term of such new
lease shall be for the balance of the term of this Lease. 

        Section 26.3.    Rights of Fee Mortgagee.    

        (a)   Tenant
agrees that in the event of any act or omission by Landlord which would give Tenant the right under this Lease to terminate this Lease or to claim a partial or
total eviction, Tenant shall not exercise such right (i) until Tenant has given written notice of such 

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act
or omission to the holder of the Fee Mortgages whose name and address has been supplied to Tenant and which continue in existence and (ii) until a period of thirty (30) days beyond
the time available to Landlord under this Lease in which to cure the breach or default by Landlord has elapsed. The holder of any Fee Mortgage shall have no obligation to cure (and shall have no
liability or obligation for not curing) any breach or default or default by Landlord, except to the extent that any such holder agrees to undertake otherwise in writing. In addition, as to any breach
or default by Landlord the cure of which requires possession and control of the Improvements, provided only that the holder of such Fee Mortgage undertakes to Tenant by written notice to Tenant,
within thirty (30) days after receipt of Tenant's notice, to exercise reasonable efforts to cure or cause to be cured such breach or default within the period permitted by this
Section 26.3(a), such holder's cure period shall continue for such additional time as may reasonably be required to either (a) obtain possession and control of the Improvements and
thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure
the default. 

        (b)   The
provisions of Section 26.3(a) hereof shall be subject to the provisions of any Subordination and Non-Disturbance Agreement which may be entered
into, and the provisions of such Subordination and Non-Disturbance Agreement shall prevail in the event of any conflict. 

        Section 26.4.    No Current Fee Mortgages.    Landlord hereby represents and warrants that, as of the date of
execution of this Lease, there are no Fee Mortgages or ground leases encumbering all or any portion of Landlord's interest in and to the Land and Improvements. 

ARTICLE 27  

 MISCELLANEOUS  

        Section 27.1.    Waiver of Jury.    Landlord and Tenant do hereby waive trial by jury in any action, proceeding
or counterclaim brought by either of the parties hereto against the other on any matters whatsoever arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant,
Tenant's use or occupancy of the Demised Premises, and/or any other claims (except claims for personal injury or property damage). It is further mutually agreed that in the event Landlord commences
any summary proceeding for nonpayment of rent, Tenant will not interpose and does hereby waive the right to interpose any counterclaim (other than a compulsory counterclaim) in any such proceeding. 

        Section 27.2.    No Waiver.    The failure of either party to seek redress for violation of, or to insist upon
the strict performance of, any covenant or condition of this Lease, shall not prevent a subsequent act, which would have originally constituted a violation, from having all the force and effect of an
original violation. The failure of either party to insist upon the strict performance of any one of the terms of this Lease or to exercise any right, remedy or election herein contained or permitted
by law shall not constitute or be construed as a waiver or relinquishment for the future of such term, right, remedy or election, but the same shall continue and remain in full force and effect. All
rights or remedies of either party in this Lease specified and all other rights or remedies that either party may have at law, in equity or otherwise upon 

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breach
of any term in this Lease contained upon the part of the other party to be performed, shall be distinct, separate and cumulative rights or remedies and no one of them, whether exercised by
such party or not, shall be deemed to be an exclusion of any other. The consent of either party to any act or matter must be in writing and shall apply only with respect to the particular act or
matter in which such consent is given and shall not relieve either party from the obligations wherever required under this Lease to obtain the consent of the other party to any other act or matter. 

        Section 27.3.    Acceptance of Rent.    Receipt or acceptance of Rent or any part thereof by Landlord shall not
be deemed to be a waiver of any breach or Default under the terms of this Lease or of any right which Landlord may be entitled to exercise under this Lease. In the event that Tenant is in arrears in
the payment of Rent or any part thereof, Tenant waives Tenant's rights, if any, to designate the items against which any payments made by Tenant are to be credited and Landlord may apply any payments
made by Tenant to any items Landlord may determine notwithstanding any designation or request by Tenant as to the items against which any such payments shall be credited. 

        Section 27.4.    Entire Agreement.    This Lease and the Shared Services Agreement contain the entire agreement
between Landlord and Tenant and any agreement hereafter made between Landlord and Tenant shall be ineffective to change, modify, release, discharge or terminate the terms hereof in whole or in part,
unless such agreement is in writing and signed by the party against which enforcement of such change, modification, waiver, release, discharge or termination is sought. 

        Section 27.5.    No Recourse.    

        (a)   No
disclosed or undisclosed officers, shareholders, principals, directors, employees, members or servants of Landlord shall be personally liable for the performance of
Landlord's obligations under this Lease.    Notwithstanding anything to the contrary contained herein, Tenant's sole recourse for the enforcement of Landlord's obligations hereunder or to
satisfy a judgment for Landlord's failure to perform such obligations shall be against the Land and the Improvements (or any Casualty Proceeds or condemnation awards paid to Landlord and not applied
to Restoration), and in no event shall any other assets of Landlord be subject to any claim arising herefrom, except for any claim relating to misappropriation by Landlord of, or fraud by Landlord
with respect to, any Casualty Proceeds disbursed to, received by or otherwise in Landlord's custody and control. 

        (b)   No
disclosed or undisclosed officers, shareholders, principals, directors, employees, members or servants of Tenant shall be personally liable for the performance of
Tenant's obligations under this Lease. 

        Section 27.6.    Captions.    The captions of Sections in this Lease and its Table of Contents are inserted
only as a convenience for reference and they in no way define, limit or describe the scope of this Lease or the intent of any provision hereof. 

        Section 27.7.    Construction.    This Lease shall be construed without regard to any presumption or other rule
requiring construction against the party causing this Lease to be drafted. 

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Unless
otherwise specifically provided in this Lease, each covenant, agreement, obligation or other provision of this Lease to be performed by Tenant shall be deemed as a separate and independent
covenant of Tenant, not dependent on any other provision of this Lease. 

        Section 27.8.    Consent.    Whenever in this Lease Landlord's consent or approval is required not to be
unreasonably withheld, if Landlord shall delay or refuse such consent or approval, Tenant in no event shall be entitled to make, nor shall Tenant make, any claim, and Tenant hereby waives any claim,
for money damages (nor shall Tenant claim any money damages by way of set-off,
counterclaim or defense) based upon any claim or assertion by Tenant that Landlord unreasonably withheld or unreasonably delayed its consent or approval. Tenant's sole remedy shall be an action or
proceeding to enforce any such provision by specific performance, injunction or declaratory judgment. The waiver of Tenant's claim and the exculpation of Landlord from liability set forth in the
foregoing provisions of this Section 27.8 shall not apply in the event that it is determined in a court of competent jurisdiction by a final, unappealable judicial determination that Landlord's
refusal to grant such consent was arbitrary, capricious and in bad faith. 

        Section 27.9.    Invalidity.    If any term of this Lease, or the application thereof to any person or
circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term to persons or circumstances other than those as to which it is held
invalid or unenforceable, shall not be affected thereby, and each term of this Lease shall be valid and be enforced to the fullest extent permitted by law. 

        Section 27.10.    Net Worth.    Whenever this Lease requires that Tenant, any Affiliate of Tenant, or any other
corporation shall have at least a specified net worth, Landlord shall have a reasonable opportunity to verify any statement of net worth if Tenant, such Affiliate of Tenant or such other corporation
is not a public corporation. 

        Section 27.11.    Successors and Assigns.    The covenants, terms, provisions and conditions contained in this
Lease shall bind and inure to the benefit of Landlord and Tenant and their respective heirs, distributees, executors, administrators, successors, and, except as otherwise provided in this Lease,
assigns. 

        Section 27.12.    Applicable Law.    This Lease shall be governed by the laws of the State of New York. 

        Section 27.13.    Excavation; Shoring.    If an excavation shall be made upon land adjacent to or under the
Improvements, or shall be authorized to be made, Tenant shall, upon reasonable advance notice (except in an emergency), afford to the person causing or authorized to cause such excavation license to
enter upon the Demised Premises for the purpose of doing such work as shall be reasonably necessary to preserve the wall(s) of the Improvements from injury or damage and to support the same by proper
foundations without any claim for damages or indemnity against Landlord, or diminution or abatement of Minimum Rent or Additional Rent, provided that Tenant shall continue to have access to the
Demised Premises, and that such work and any permanent changes to the Improvements resulting therefrom do not (a) materially reduce, interfere with or deprive Tenant of access to the Demised
Premises, (b) reduce the usable floor area of the Demised Premises to the extent that the same would materially interfere with the 

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conduct
of Tenant's business at the Demised Premises or (c) materially impede the operation of Tenant's business, but if the usable floor area of the Demised Premises is permanently reduced by
more than a minimal amount, the Minimum Rent and Additional Rent shall be proportionately abated (on a per square foot basis). 

        Section 27.14.    Brokers.    Landlord and Tenant represent and warrant to each other that (a) the only
agents or brokers with whom each dealt in connection with the Original Lease and/or the Original Premises are Insignia/ESG, Inc. ("ESG") and CSFB
Realty Corp. ("CSFB Realty") and (b) neither has dealt with any agent or broker in connection with this Lease. Landlord and Tenant acknowledge
that Tenant has retained CB Richard Ellis ("Ellis") as Tenant's advisor in connection with this Lease. Tenant represents and warrants that Ellis is not
acting as Tenant's broker in connection with this Lease and shall not be entitled to any brokerage commission in connection herewith. Landlord has paid, in accordance with the terms of a separate
written agreement with ESG, the commission, if any, due ESG in connection with the Original Lease. Tenant has paid, in accordance with the terms of a separate written agreement with CSFB Realty, the
commission, if any, due CSFB Realty in connection with the Original Lease. Any consulting fees due to Ellis shall be paid pursuant to a separate letter between Landlord and Tenant. Landlord and Tenant
each covenant and agree to pay, indemnify and hold the other harmless from and against any and all claims for fees, commissions and other compensation made by (i) any agent or agents other than
ESG and CSFB Realty in connection with the Original Lease and/or (ii) any agent or agents in connection with this Lease, based on any dealings between Landlord or Tenant and to which the
applicable party is indemnifying the other, as the case may be, together with all costs and expenses incurred by Landlord or Tenant in resisting such claims (including, without limitation, reasonable
attorney's fees and expenses). The obligations of Landlord and Tenant under this Section 27.14 shall survive the expiration or termination of this Lease. 

        Section 27.15.    Designated Representative.    If Landlord shall consist of more than one person or entity,
the parties constituting Landlord may designate one person or entity (the "Designated Representative") to do all of the following on behalf of all of
such parties: (i) to accept any payments made in connection with this Lease; (ii) to give and accept notices in connection with this Lease; (iii) to grant or deny approval of any
matter covered by this Lease; and (iv) to otherwise take all such actions or omit to take such actions, from time to time, in connection with this Lease, as may be required or permitted; and
each and/or all of the foregoing, if done by such Designated Representative, shall be deemed to have been done by all of the parties constituting Landlord. The Designated Representative may be changed
only by giving five (5) business days prior written notice of such change to Tenant, which notice must be signed by all parties constituting Landlord. 

        Section 27.16.    Financial Statements.    At Landlord's option, if Landlord so requests from time to time,
Tenant shall provide to Landlord a statement of financial condition prepared in accordance with the generally accepted accounting principles or other similarly recognized principles of a foreign
jurisdiction applicable to Tenant or its parent and as of the close of Tenant's fiscal year ("Financial Statement") at least once each calendar year, no
later than 90 days after the end of Tenant's fiscal year. Such Financial Statement shall be prepared by an independent certified public accountant. If Tenant is required to file annual and
quarterly reports with the Securities and Exchange Commission ("SEC"), Tenant shall furnish copies of the same 

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to
Landlord within thirty (30) days of the filing with the SEC; and such reports shall be deemed to satisfy the requirements of this Section, Tenant shall also provide to Landlord its most
recent quarterly Financial Statement, within ten (10) days of written request therefor by Landlord, with a statement certified as required above by a duly authorized officer of Tenant
indicating whether there exists any material adverse changes, if any, in Tenant's financial condition since the date of its most recent Financial Statement. 

        Section 27.17.    Vaults.    Landlord shall have no responsibility for title to or any other aspect of vaults
and areas, if any, now or hereafter built extending beyond the boundary line of the Land. Tenant may occupy and use the same during the Term, subject to this Lease and applicable Legal Requirements.
No revocation on the part of any governmental department or authority of any license or permit to maintain and use any such vault and areas shall in any way affect this Lease or the amount of the Rent
or any other charge payable by Tenant hereunder. Tenant shall comply with all such licenses and, permits, and if any such license or permit shall be revoked, Tenant shall do and perform all such work
as may be necessary to comply with any order revoking the same. 

        Section 27.18.    Counterparts.    This Lease may be executed in any number of counterparts, each of which
shall constitute an original, and all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Lease by telecopier shall be
effective as delivery of a manually executed counterpart of this Lease. Any delivery of a counterpart signature by telecopier shall, however, be promptly followed by delivery of a manually executed
counterpart. 

        Section 27.19.    Zoning Rights.    Tenant hereby assigns to Landlord any interest of any kind in any zoning or
development rights with respect to the Land and/or the Improvements which Tenant might acquire by reason of this Lease; and Tenant hereby releases to Landlord any claim or right of every kind
whatsoever with respect to all such zoning or development rights (if any). 

        Section 27.20.    Waiver of Consequential Damages.    Notwithstanding anything to the contrary contained in
this Lease, each party hereby expressly waives and forever releases all claims against the other party for consequential damages, compensation or claims for inconvenience or loss of business, rents or
profits. 

        Section 27.21.    ERISA Representations.    

        (a)   Tenant
hereby covenants, represents and warrants that: (a) Tenant is not an employee benefit plan as defined in Section 3(3) of the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), which is subject to Title I of ERISA, nor a plan as defined in Section 4975(e)(l) of the
Internal Revenue Code of 1986, as amended (each of the foregoing hereinafter referred to collectively as a "Plan"), (b) Tenant is acting on its
own behalf pursuant to this Lease and not on behalf of, on account of, or for the benefit of any Plan, (c) Tenant will not assign its interest under this Lease or sublet all or any portion of
the Demised Premises to a Plan or an entity whose assets constitute "plan assets" as defined in Department of Labor Regulation Section 2510.3-101 unless Tenant delivers an opinion
from counsel reasonably satisfactory to Landlord that such assignment or subletting will not cause a violation of, or 

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constitute
a prohibited transaction under, ERISA, (d) Tenant will not be reconstituted as a Plan or as an entity whose assets constitute "plan assets" as defined in Department of Labor
Regulation Section 2510.3-101 and (e) Tenant is not an entity whose assets constitute plan assets as defined in Department of Labor Regulation
Section 2510.3-101. 

        (b)   Landlord
represents and warrants that it is leasing the Demised Premises on behalf of its general account which meets the requirements of the Department of Labor Class
Exemption 95-60. 

        Section 27.22.    No Merger of Title.    There shall be no merger of this Lease nor of the leasehold estate
created by this Lease with the fee estate or any other leasehold or subleasehold estate in the Demised Premises or any part thereof by reason of the fact that the same person, firm, corporation or
other entity may acquire or own or hold, directly or indirectly, (a) this Lease or the leasehold estate created by this Lease or any interest in this Lease or in any such leasehold estate, and
(b) the fee estate or any other leasehold or subleasehold estate in the Demised Premises or any part thereof or any interest in such fee estate or leasehold or subleasehold estate, and no such
merger shall occur unless and until all persons, firms, corporations and other entities having an interest in or lien upon (i) this Lease or the leasehold estate created by this Lease and
(ii) the fee estate or any other leasehold or subleasehold estate in the Demised Premises or any part thereof shall join in a written instrument effecting such merger and shall duly record the
same. 

        Section 27.23.    Survival of Indemnities.    Any provisions of this Lease which contain obligations of either
Landlord or Tenant to indemnify the other party hereto and its respective directors, officers, shareholders, employees and agents, shall survive the expiration or other termination of the Term. 

        Section 27.24.    Survival of Original Lease Obligations.    The rights and obligations of Landlord and Tenant
in connection with all matters or events arising under or accruing with respect to the Original Lease during the period commencing on the Commencement Date and ending on the Effective Date, including,
without limitation, arising under Section 28.10 of the Original Lease, shall survive the amendment and restatement of the Original Lease and shall be interpreted under, and governed by, the
Original Lease. 

        Section 27.25.    Effect of Termination of Original Lease.    In the event that the Original Lease terminates
prior to the Effective Date, then this Lease shall be null and void. 

        Section 27.26.    Condominium Conversion.    (a) In order to enable Landlord to realize certain real
estate tax benefits granted or to be granted by the IDA, Landlord has subjected the Land and Building to a Declaration of Condominium (the  "Declaration") and Landlord's ownership of the Building is
either as the holder of units ("Units") in
the Condominium or as the holder of the leasehold interest in certain of the Units owned or to be owned by the IDA. If and should Landlord, at any time and for any reason, terminate the Condominium,
its interest in the Building and Land will be as the fee simple holder. 

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        (b)   Landlord
shall not sell or transfer any interest in a CSFB Unit (as defined in the Declaration) to a third party unless it sells or transfers all of its interests in all
CSFB Units to the same third party. 

        (c)   In
the event that any provision of the Declaration is held to be invalid by a court of competent jurisdiction and, as a result of such invalidity, Tenant's obligations
under this Lease are increased by more than a de minimis extent or Tenant's rights under this Lease are diminished by more than a de minimis extent, Landlord shall amend the Declaration (or cause the
Declaration to be amended) to the extent necessary to restore Tenant to the position it would have been in had such provision of the Declaration not have been held to be invalid. 

        (d)   Landlord
and Tenant hereby agree that for the purposes of Sections 6.5(a), 15.1, 28.1 and 28.10(c), Landlord shall not be deemed to be an agent of IDA. 

ARTICLE 28  

 HAZARDOUS MATERIAL  

        Section 28.1.    Obligation and Indemnity.    (a) Tenant shall (x) not cause or permit any
Hazardous Material (as such term is hereinafter defined) to be brought upon, kept or used in or about the Demised Premises by Tenant, its subtenants agents, employees, contractors or invitees, without
the prior written consent of Landlord (which Landlord shall not unreasonably withhold or delay as long as Tenant (i) continues occupying the Demised Premises for the specific purposes and uses
permitted hereunder, (ii) demonstrates to Landlord's reasonable satisfaction that such Hazardous Material is necessary for the normal conduct of Tenant's business and (iii) demonstrates
to Landlord's reasonable satisfaction that the Hazardous Material will be used, kept, stored and disposed of in a manner that complies with all Legal Requirements and the requirements of any insurance
company insuring the Building regulating any such Hazardous Material so brought upon or used or kept in or about the Demised Premises during the term of this Lease) and (y) in the event that
Landlord grants its consent to Tenant to use and store Hazardous Material pursuant to (x) above then Tenant covenants that (i) the Hazardous Material will be used, kept, stored and
disposed of in a manner that complies with all Legal Requirements regulating the use, storage and disposal of Hazardous Material and (ii) Tenant shall discontinue such use and storage of
Hazardous Material when such Hazardous Material is no longer necessary for normal conduct of Tenant's business. Notwithstanding the preceding sentence Tenant shall not generate, manufacture or produce
any Hazardous Material on the Demised Premises. If Tenant breaches the obligations stated in the preceding sentences, or if the presence of Hazardous Material on or about the Demised Premises during
the Term of the Lease results in contamination of the Building or any surrounding properties or any water supplies, or if the presence of such Hazardous Material injures or kills any person or damages
any property of any person or entity, Tenant shall indemnify, defend and hold Landlord and IDA harmless from any and all claims, judgments, damages, penalties, fines, costs, liabilities or losses
(including, without limitation, any third party claims, the cost of any required or necessary repair, clean-up and detoxification and all amounts expended to pay for any settlement of
claims or threatened claims, reasonable attorneys' 

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fees
and expenses, consultant fees and expert fees) which arise during or after the Term of this Lease as a result of such contamination. Without limiting the foregoing, if the presence of any
Hazardous Material on or about the Demised Premises caused or permitted by Tenant results in any contamination of the Building, any surrounding areas or any water supplies, Tenant shall promptly take
all actions at its sole expense as are necessary to return the Building, any surrounding properties or any water supplies, to the condition existing prior to the introduction of such Hazardous
Material to them; provided that Landlord's approval of such actions shall first be obtained, which approval shall not be unreasonably withheld or delayed so long as such actions would not potentially
have any material adverse long-term or short-term effect on the Building. 

        Notwithstanding
anything contained in the preceding paragraph Tenant shall not be required to obtain Landlord's prior consent to use, handle, store or dispose of products containing
small quantities of Hazardous Material, which products are of a type customarily found in First-Class Office Buildings (such as aerosol cans containing insecticides, toner for copies, paints or paint
remover), provided that Tenant shall handle, store, use and dispose of any such Hazardous Material in a safe and lawful manner and shall not allow such Hazardous Material to contaminate the Building
or the equipment. 

        (b)   Landlord
shall not cause or permit any Hazardous Material to be brought upon, kept or used in or about the Landlord Space by Landlord, its tenants (other than Tenant),
agents, employees, contractors or invitees, unless such Hazardous Material is necessary for the normal conduct of Landlord's business and will be used, kept, stored and disposed of in a manner that
complies with all Legal Requirements and the requirements of any insurance company insuring the Landlord Space regulating any such Hazardous Material so brought upon or used or kept in or about the
Landlord Space during the Term. Landlord hereby covenants that (i) the Hazardous Material will be used, kept, stored and disposed of in a manner that complies with all Legal Requirements
regulating the use, storage and disposal of Hazardous Material and (ii) Landlord shall discontinue such use and storage of Hazardous Material when such Hazardous Material is no longer necessary
for normal conduct of Landlord's business.
Notwithstanding the preceding sentence Landlord shall not generate, manufacture or produce any Hazardous Material on the Landlord Space. If Landlord breaches the obligations stated in the preceding
sentences, or if the presence of Hazardous Material on or about the Landlord Space during the Term results in contamination of the Landlord Space or any surrounding properties or any water supplies,
or if the presence of such Hazardous Material injures or kills any person or damages any property of any person or entity, Landlord shall indemnify, defend and hold Tenant harmless from any and all
claims, judgments, damages, penalties, fines, costs, liabilities or losses (including, without limitation, the cost of any required or necessary repair, clean-up and detoxification and all
amounts expended to pay for any settlement of claims or threatened claims, reasonable attorneys' fees and expenses, consultant fees and expert fees) which arise during or after the Term as a result of
such contamination. Without limiting the foregoing, if the presence of any Hazardous Material on or about the Landlord Space caused or permitted by Landlord results in any contamination of the
Landlord Space, any surrounding areas or any water supplies, Landlord shall promptly take all actions at its sole expense as are necessary to return the Landlord Space, any surrounding properties or
any water supplies, to the condition existing prior to the introduction of such Hazardous Material to them; provided that Tenant's approval of such actions shall first be obtained, which approval
shall not be unreasonably withheld or delayed. 

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        Landlord
shall be allowed to use, handle, store or dispose of products containing small quantities of Hazardous Material, which products are of a type customarily found in offices and
households (such as aerosol cans containing insecticides, toner for copies, paints or paint remover), provided that Landlord shall handle, store, use and dispose of any such Hazardous Material in a
safe and lawful manner and shall not allow such Hazardous Material to contaminate the Landlord Space. 

        Section 28.2.    Hazardous Material Defined.    As used herein, the term "Hazardous
Material" means any hazardous or toxic substance, material or waste which is or becomes regulated by any state or local governmental, quasi governmental or other regulatory
authority, or the United States Government. The term "Hazardous Material" includes, without limitation, any material or substance which is
(i) designated as a "Hazardous Substance" pursuant to Section 311 of the Federal Water Pollution Control Act (33 U.S.C. § 1317), (ii) defined as a "Hazardous Waste"
pursuant to Section 1004 of the Federal Resource Conservation and Recovery Act, 42 U.S.C. § 6901 et seq. (42 U.S.C. § 6903), (iii) defined as a "Hazardous
Substance" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 et seq. (42 U.S.C. § 9601) or
(iv) any other flammable explosives, radioactive materials, hazardous wastes or materials, toxic waste or material or other similar substances. 

        Section 28.3.    Landlord's Rights to Enter.    Without in any way limiting Landlord's other rights under this
Article 28, Landlord, in its reasonable discretion, shall have the right, at any reasonable time during the Term and upon reasonable prior notice, to enter the Demised Premises for purposes of
inspecting the Demised Premises and conducting any tests, samplings, borings and analysis ("Testing") that Landlord deems reasonably necessary for the
purpose of determining whether the Building or surrounding properties have been contaminated. Tenant shall reimburse Landlord for the reasonable cost and expense incurred by Landlord if the Testing
discloses a violation by Tenant of its obligations under this Article 28 and Tenant shall pay same as Additional Rent within thirty (30) days after written demand is made by Landlord. 

        Section 28.4.    Remedies, etc,    (a) In the event that Tenant is in violation of its obligations
contained in this Article 28 or, except as provided in Sections 28.10 and 28.11 hereof, in the event that Landlord reasonably believes that an environmentally hazardous condition exists or
potentially exists on the Demised Premises (or the Building or surrounding properties if such condition is a result of or related to Tenant's use, occupancy or activities on the Demised Premises)
then: 

        (i)    Tenant
shall take immediate action to remedy such condition, including clean-up and removal of the Hazardous Material and the delivery of same to properly
licensed locations for the disposal of the Hazardous Material, 

        (ii)   Landlord
may itself remove the Hazardous Material in any way that Landlord deems appropriate without in any way eliminating or reducing Tenant's liability or obligation
to indemnify Landlord as set forth in Section 28.1(a) of this Article 28. In the event that Landlord elects to remedy a hazardous condition pursuant to this subsection
28.4(a)(ii), then Tenant shall, from time to time, pay to Landlord, as Additional Rent within thirty (30) days after demand, all reasonable amounts expended by Landlord in connection therewith,
or 

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        (iii)  Landlord
may require that Tenant immediately cease use and storage of such Hazardous Material if such continued use and storage shall materially increase the costs and
expenses for which Tenant is obligated to indemnify Landlord pursuant to Section 28.l(a) of this Article 28 or entails a material risk of such increased cost or expense or if such
continued use exposes Landlord to any risk of criminal liability. 

        (b)   In
the event that Landlord is in violation of its obligations contained in this Article 28 or in the event that Tenant reasonably believes that an environmentally
hazardous condition exists in potentially exists on the Landlord Space (or the surrounding properties if such condition is a result of or related to Landlord's use, occupancy or activities in the
Landlord Space) then: 

        (i)    Landlord
shall take immediate action to remedy such condition, including clean-up and removal of the Hazardous Material and the delivery of same to properly
licensed locations for the disposal of the Hazardous Material, 

        (ii)   Tenant
may itself remove the Hazardous Material in any way that Tenant deems appropriate without in any way eliminating or reducing Landlord's liability or obligation
to indemnify Tenant as set forth in Section 28.1(b). In the event that Tenant elects to remedy a hazardous condition pursuant to this subsection 28.4(b)(ii), then Landlord shall, from time to
time, pay to Tenant within thirty (30) days after demand, all reasonable amounts expended by Tenant in connection therewith, or 

        (iii)  Tenant
may require that Landlord immediately cease use and storage of such Hazardous Material if such continued use and storage shall materially increase the costs and
expenses for which Landlord is obligated to indemnify Tenant pursuant to Section 28.1(b) or entails a material risk of such increased cost or expense or if such continued use exposes Tenant to
any risk of criminal liability. 

        Section 28.5.    Investigations.    (a) Tenant shall promptly notify Landlord of any investigations,
audits or legal action conducted or filed by or any subpoenas it receives from any Public Authority with respect to the Demised Premises in connection with Hazardous Materials or Tenant's business at
the Demised Premises and Tenant shall send Landlord copies of all notices, filings, reports, etc. Tenant receives or delivers to any Public Authority in connection with Hazardous Materials at the
Demised Premises. 

        (b)   Landlord
shall promptly notify Tenant of any investigations, audits or legal action conducted or filed by or any subpoenas it receives from any Public Authority with
respect to the Landlord Space in connection with Hazardous Materials or Landlord's business at the Landlord Space. Landlord shall send Tenant copies of all notices, filings, reports, etc. Landlord
receives or delivers to any Public Authority in connection with Hazardous Materials in respect of the Landlord Space. 

        Section 28.6.    Intentionally omitted.    

        Section 28.7.    Material Default, Survival.    Notwithstanding anything contained elsewhere in this
Article 28 Tenant's failure to comply with any provisions of this Article 28 within thirty (30) days after notice thereof from Landlord (or if the said failure complained of 

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shall
be of a nature that the same cannot be completely cured or remedied within said thirty (30) day period, and if Tenant shall not have diligently commenced curing such failure within such
thirty (30) day period, and if Tenant shall not thereafter with reasonable diligence and in good faith proceed to remedy or cure such failure) shall be deemed a material default by Tenant,
enabling Landlord to exercise any of the remedies set forth in this Lease. All provisions of this Article 28 shall survive the expiration or sooner termination of the Term of this Lease. 

        Section 28.8.    Reference to Other Provisions.    The provisions set forth in this Article 28 shall in
no way be deemed to conflict with, restrict or in any way modify the provisions set forth in Article 15 of this Lease. 

        Section 28.9.    ACP-5.    Landlord has delivered to Tenant all ACP-5 certificates
covering the Demised Premises which Landlord has in its possession. 

        Section 28.10.    Asbestos.    

        (a)   To
the extent that any exposed asbestos containing materials are present in the tenant-usable areas of the Sixth Floor Space (excluding non-tenant usable
areas such as, without limitation, perimeter columns, steel beams and areas behind core walls) which are required to be removed in order for Tenant to obtain an ACP-5 Certificate and build
out such Sixth Floor for Tenant's use and occupancy or for use by Tenant, then Tenant shall give prompt notice thereof to Landlord, and as Tenant's sole remedy, Landlord shall reimburse Tenant for the
reasonable cost of removing or encapsulating such exposed asbestos containing materials as so required. 

        (b)   To
the extent that any exposed asbestos containing materials are present in the non-tenant usable areas of the Sixth Floor Space, including, without
limitation, perimeter columns, steel beams and areas behind core walls, which are required to be removed in order for Tenant to obtain an ACP-5 Certificate and build out such area for
Tenant's use and occupancy, then Tenant shall give prompt notice thereof to Landlord, which notice shall contain estimates of (x) the cost of remediation or encapsulation of such asbestos and
(y) if the build out can be reasonably accomplished by altering or reconfiguring the design thereof, the increased cost to Tenant of reconfiguring or altering its build out so as not to
encounter such asbestos, as estimated (at Landlord's expense) by a reputable architect, engineer or contractor reasonably acceptable to Landlord. At Landlord's option, Tenant shall either
(i) remediate or encapsulate such asbestos or (ii) reconfigure or alter its build out so as not to encounter such asbestos, and as Tenant's sole remedy, Landlord shall reimburse Tenant,
within thirty (30) days after written demand therefor, for the reasonable cost of remediating or encapsulating such exposed asbestos containing materials or the reasonable increased cost to
Tenant of reconfiguring or altering its build out so as not to encounter such asbestos containing materials, as applicable. 

        (c)   Notwithstanding
that joint or concurrent liability may be imposed upon Landlord or IDA by a Legal Requirement, Tenant will, except to the extent caused by the negligence
or tortious act or omission of Landlord, IDA or any of their agents, officers, contractors, employees, servants and invitees, indemnify and save harmless Landlord and IDA against and from all
liabilities, obligations, damages, penalties, claims, costs, charges and expenses, including, without limitation, reasonable architects' and attorneys' fees and expenses, 

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which
may be imposed upon, or incurred by, or asserted against Landlord and/or IDA by reason of Tenant's removal, remediation and/or encapsulation of asbestos containing materials in the Demised
Premises. 

        (d)   If
Tenant ceases performing its build out in at least 7,500 square feet of the Sixth Floor Space because Tenant, in its reasonable judgment using standard construction
practice, has isolated or cordoned off such portion of the Sixth Floor Space while the remediation and/or removal of asbestos containing materials is being performed, then provided that Tenant
performs such remediation and/or removal as expeditiously as reasonably possible, Tenant shall be entitled to a credit against Minimum Rent (which may be added to the rent credit described in
Section 4.3(b)) with respect thereto equal to the product of (i) $40.00 times the number of rentable square feet which has been isolated or cordoned off during such remediation and/or
removal and (ii) a fraction, the numerator of which is the number of days that such portion of the Sixth Floor Space is isolated or cordoned off and the denominator of which is 365. 

        Section 28.11.    Other Hazardous Materials.    

        (a)   To
the extent that any materials which are Hazardous Materials (other than asbestos) on the date of this Lease are present in the Sixth Floor Space on the Space Delivery
Date (other than Hazardous Materials which result from contamination caused by the introduction by Tenant of Hazardous Materials to portions of the Demised Premises then occupied by Tenant) and are
required to be removed or remediated by any Legal Requirement applicable on the date of this Lease, then Tenant shall give prompt notice thereof to Landlord, and as Tenant's sole remedy, Landlord
shall, at Landlord's sole cost and expense, remove or remediate such Hazardous Materials in compliance with applicable Legal Requirements. 

        (b)   Notwithstanding
that joint or concurrent liability may be imposed upon Tenant by a Legal Requirement, Landlord will, except to the extent caused by the negligence or
tortious act or omission of Tenant or any of its agents, officers, contractors, employees, servants and invitees, indemnify and save harmless Tenant against and from all liabilities, obligations,
damages, penalties, claims, costs, charges and expenses, including, without limitation, reasonable architects' and attorneys' fees and expenses, which may be imposed upon, or incurred by, or asserted
against Tenant by reason of Landlord's removal or remediation of Hazardous Materials in the Demised Premises. 

ARTICLE 29  

 RENEWAL OPTIONS  

        Section 29.1.    Provided
that (i) this Lease has not been earlier terminated, (ii) no Material Monetary Default or material non-monetary
Default exists at the time of the exercise of the within applicable option or at commencement of the applicable Extension Term and (ii) Tenant, as of the date that Tenant exercises the within
applicable option and the commencement date of the applicable extension term, occupies at least seventy-five (75%) percent of the Demised Premises (it being agreed that for purposes of
calculating the amount of space occupied by Tenant, there shall be included any space which Tenant would be occupying but for (x) the untenantability thereof or (y) the then actual
performance therein of Improvements for Tenant's 

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own
use), Tenant shall have the right to extend the term of this Lease with respect to the entire Demised Premises for three (3) successive extension periods of five (5) years each
(hereinafter referred to individually as an "Extension Term" and collectively as the "Extension Terms"),
the first of which periods (the "First Extension Term") shall commence on the day following the last day of the initial lease term (provided the initial
lease term shall not have been theretofore terminated), the second of which periods (the "Second Extension Term") shall commence on the day following
the last day of the First Extension Term (provided the First Extension Term shall not have been theretofore terminated) and the third of which periods (the "Third Extension
Term") shall commence on the day following the last day of the Second Extension Term (provided the Second Extension Term shall not have been theretofore terminated). The within
described options shall be exercisable only in the following manner: Tenant shall, no later than thirty (30) months prior to the last day of the (i) initial term of this Lease, in the
case of the First Extension Term, (ii) First Extension Term, in the case of the Second Extension Term and (iii) Second Extension Term, in the case of the Third Extension Term, give to
Landlord written notice (the "Exercise Notice"), pursuant to and in accordance with the terms of Article 24 hereof, of Tenant's election to
extend this Lease on the covenants, terms, provisions, agreements and conditions as hereinafter provided in Section 29.2 hereof. In the event of the failure of Tenant to give the Exercise
Notice in accordance herewith with respect to any of Tenant's options hereunder, Landlord shall give Tenant a notice thereof (the "Reminder Notice")
advising Tenant that Tenant is required to exercise its option with respect to the Extension Term in question by giving notice to Landlord within thirty (30) days from the giving of the
Reminder Notice. If Tenant shall fail to give the Exercise Notice within the 30-day period after the giving of the Reminder Notice, time being of the essence, Tenant's right to extend
shall be conclusively deemed to have been waived and the term shall not be extended beyond the then established expiration date provided for under this Lease. At the request of either party following
the exercise of an appropriate option to extend, both parties agree to execute a confirmatory agreement confirming the extension and the newly extended expiration date; provided that the failure to
execute a confirmatory agreement shall not invalidate Tenant's exercise of its option hereunder. Following the exercise of the option to extend for the First Extension Term, there shall be no further
rights on the part of Tenant to further extend this Lease other than for the Second Extension Term and Third Extension Term. Following the exercise of the option to extend for the Second Extension
Term, there shall be no further rights on the part of Tenant to further extend this Lease other than for the Third Extension Term. Following the exercise of the option to extend for the Third
Extension Term, there shall be no further right on the part of Tenant to further extend this Lease. 

        Section 29.2.    Each
of the Extension Terms shall be on the same covenants, terms, provisions and conditions as the initial term of this Lease (other than Sections 4.3
and 28.10(d)) except that (i) there shall be no right to renew this Lease (a) beyond the Second Extension Term and Third Extension Term in the case of the First Extension Term,
(b) beyond the Third Extension Term in the case of the Second Extension Term or (c) in the Third Extension Term and (ii) the Minimum Rent for the applicable Extension Term shall
be an amount equal to the "fair market rent," as hereinafter defined, of the Demised Premises for the applicable Computation Period, as of the first day of the applicable Extension Term as determined
by agreement of the parties or by decision of the referee in the manner as specified in Article 30 hereof. 

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        Section 29.3.    Notwithstanding anything hereinbefore contained to the contrary, "fair market rent" shall be determined in accordance with the procedures set forth in
Article 30 and shall mean the Minimum Rent that a tenant would pay for the "direct initial" (i.e., non-renewal) lease of the Demised Premises, taking into account (and disregarding,
as applicable) the factors described in this Section 29.3 and Section 29.4 hereof, and assuming, subject to this Section 29.3 and Section 29.1 hereof, that the Demised
Premises were being hypothetically rented on the open market to a third party in its then "as is" condition (i. e., without any further Landlord's work, rent concessions or construction or other
allowance on a direct basis), that the tenant availability for this space is competitive and Landlord has had sufficient time to locate this third party, and that the term of the Lease is fifteen
(15) years, not five years. 

        Section 29.4.    Each
appraiser selected by Landlord or Tenant and any referee selected pursuant to Section 30.2 of this Lease are hereby directed to include the
following (as well as any other factors either of such appraisers or the referee deems relevant) criteria in their respective determinations of fair market rent: (i) the unique physical
characteristics of the Building (other than those installed by or on behalf of, or paid for, by Tenant), (ii) the amount of power available to the Building and to Tenant, (iii) the
signage and name of the Building, (iv) the size and ceiling heights of the trading floors, if any, (v) the then "as is" condition of the Demised Premises, (vi) the size of the
Building and the space occupied by Tenant, (vii) access, location and all other factors unique to the Building, (viii) the fact that no commission or a reduced commission is payable by
Landlord and that there is no free rent period or tenant allowance, and (ix) the fact that this Lease is a net lease as described in Section 4.5 hereof (but taking into account the
extent to which the costs of certain alterations, improvements and replacements are reimbursable by Landlord to Tenant pursuant to this Lease). In no event, however, shall any appraiser selected by
Landlord or Tenant, or any referee selected pursuant to Section 30.2 of this Lease, consider or make any increase or decrease in the fair market rent for the Demised Premises in connection with
any of the following factors which shall be disregarded: (1) the additional value of the Demised Premises, if any, based on special quality of Tenant Alterations in the Demised Premises, or any
decrease in value as a result of the age or obsolescence of the foregoing items or the wear and tear thereon; (2) the fact that Tenant is an existing tenant then in occupancy exercising a right
of extension rather than considering the basis of the transaction to be a new transaction between a new landlord and a new tenant; or (3) the fact that Tenant occupies any other building or
space at that time. 

ARTICLE 30  

 COMPUTATION OF RENT FOR EXTENSION TERMS  

        Section 30.1.    In
the event Tenant exercises any or all of the extension options set forth in Article 29, then the fair market rent for the applicable Extension
Term shall be determined as of the first day of the applicable Extension Term (each of which shall be referred to as a "Computation Date"). In this
regard, no earlier than one hundred eighty (180) days and no later than ninety (90) days prior to each Computation Date, which ninety (90) day period is hereinafter referred to as
an "Exchange Period", Landlord and Tenant will each submit to the other a statement of their respective determinations of the fair market rent for the
Demised Premises (each, an "Original Determination") as of the relevant Computation Date for the applicable Extension Term (hereinafter individually
referred to, as the "Computation Period"

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and
collectively as the "Computation Periods"), which statements shall show how their respective
determinations were derived. Each party's determination of the fair market rent shall give due consideration to the rent and Additional Rent (adjusted by all rent and construction allowances,
concessions and credits) then being charged by owners (including Landlord) of First-Class Office Buildings and shall give due consideration to the factors set forth in Section 29.3 and 29.4
hereof. 

        Section 30.2.    In
the event that after the exchange of the statements as above provided, the parties hereto are unable to agree upon the fair market rent as of the
applicable Computation Date for the applicable Computation Period, the parties shall (within fifteen (15) days after the last of the statements was exchanged, but in no event more than fifteen
(15) days subsequent to the expiration of the applicable Exchange Period) meet and attempt to agree on the fair market rent as of the applicable Computation Date for the applicable Computation
Period. If the parties hereto cannot (within ten (10) days of their first meeting, but in no event later than thirty (30) days subsequent to the expiration of the applicable Exchange
Period) agree on the fair market rent as of the applicable Computation Date for the applicable Computation Period, they shall attempt to agree on a referee to determine the matter. The referee must be
an MAI of the Appraisal Institute with at least ten (10) years experience in appraising First Class Buildings in the County of New York, New York. If the parties hereto cannot agree on the
appointment of a referee within forty-five (45) days subsequent to the expiration of the applicable Exchange Period, either party may request the President of The Real Estate Board
of New York, Inc. to appoint a referee meeting the foregoing requirements. If the President of The Real Estate Board of New York, Inc. shall refuse to appoint such referee or if The Real
Estate Board of New York, Inc. shall then no longer be in existence, either party hereto on behalf of both, may apply to the Supreme Court in the County of New York for the appointment of such
referee, and the other party shall not raise any question as to the Court's full power and jurisdiction to entertain the application and make such appointment. The referee's sole discretion in
determining the matter shall be limited to selecting one of the Original Determinations submitted by the parties hereto during the applicable Exchange Period. In other words, the referee cannot submit
an independent valuation of his own but must determine the matter solely on which of the Original Determinations submitted by each of the parties hereto during the applicable Exchange Period more
closely conforms with his or her valuation of the fair market rent for the applicable Computation Period. The referee's decision, determined as provided in this Article 30 shall be conclusive
and binding on the parties, shall constitute an "award" by
the referee within the meaning of the American Arbitration Association rules and applicable laws and judgments may be entered and enforced thereon upon the application of either party to the Supreme
Court of the County of New York. Each party shall pay its own fees and expenses relating to the engagement of its respective appraisers, counsels and experts, and each party shall pay
one-half (1/2) of the fees and expenses of the referee and, if applicable, the fees and expenses of The Real Estate Board of New York, Inc. in appointing the referee
and the fees and expenses involved should either party make application for an order of Judgment for or by the Supreme Court of the Court of New York in connection with the referee's award. 

        Section 30.3.    In
the event the computation of the fair market rent under this Article 30 is not determined until after the applicable Computation Date, Tenant
shall continue paying the Minimum Rent that had been payable during the last twelve (12) months prior to the applicable Computation Date, and at such time as the Minimum Rent is determined,
(i) the 

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Minimum
Rent shall be retroactively adjusted to the applicable Computation Date, (ii) the parties shall (within ten (10) days of written demand made by one or the other for a
reconciliation of the Minimum Rent paid by Tenant for the period commencing on the applicable Computation Date through the date preceding the date Tenant commences the payment of the Minimum Rent in
the recomputed amount, the "Interim Period") reconcile the amount paid by Tenant for the Interim Period, and if Tenant shall have overpaid for the
Interim Period, Landlord shall credit the overage to the next payment of Minimum Rent payable under this Lease (provided that if such overpayment exceeds one (1) month's payment of Minimum as
so recomputed, Landlord shall, within ten (10) business days after such reconciliation, pay to Tenant the amount of such overage), and if Tenant shall have underpaid such amount, Tenant shall
within ten (10) business days pay the deficiency to Landlord and (iii) commencing on the first day of the month following the month in which the reconciliation referred to in the
preceding clause (ii) of this Section 30.3 was made, Tenant shall start making monthly installments of Minimum Rent in the recomputed amount. 

ARTICLE 31  

 NAME OF SOUTH BUILDING; S1GNAGE  

        Section 31.1.    Subject
to the provisions of this Article and to compliance with all Legal Requirements, then, for so long as no Default shall exist under this Lease
after notice and the expiration of the applicable cure period, Tenant shall have the following rights to name the South Building: 

        (a)   The
South Building may be designated as the "Credit Suisse First Boston Building" or the name of any successor by merger,
consolidation or sale of assets to Credit Suisse First Boston (USA), Inc. or any derivation of such name(s); provided, the South Building may be designated with only one such name at any one
time. 

        (b)   If,
in accordance with the provisions of Article 14 hereof, this Lease shall be assigned or a portion of the Demised Premises exceeding six hundred thousand
(600,000) rentable square feet shall be sublet for the balance of the Term, the South Building may be designated by the name of such assignee or subtenant, as the case may be, only if all of the
following conditions are satisfied: (a) such assignee or subtenant shall be an Investment Grade Entity, as defined in Section 31.1(c) hereof, (b) such assignee or subtenant is in
actual occupancy of at least six hundred thousand (600,000) rentable square feet, (c) Landlord's prior consent to such name shall have been obtained in writing, which consent shall not be
unreasonably withheld or delayed. Landlord shall not be deemed unreasonable if it withholds its consent because: (i) in Landlord's reasonable judgment, the reputation, character or business of
such assignee or subtenant is below the standard of business entities for whom First-Class Office Buildings are customarily named, or (ii) such assignee or subtenant is generally recognized as
a Competitor of Landlord. Any dispute between Landlord and Tenant regarding whether or not the foregoing conditions have been satisfied shall be resolved by arbitration in accordance with
Article 21 hereof. 

        (c)   The
term "Investment Grade Entity" shall mean an entity (A) which has been assigned a Standard & Poor's
Long-Term Corporate Credit Rating of BBB- or 

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better
or which has been assigned a Moody's Investors Service Long Term Corporate Credit Rating of Baa3 or better (it being agreed that "Long-term" means, with respect to any obligation
as of a particular date, that such obligation matures not less than ten (10) years from such date), and (B) which is not on Standard & Poor's Credit Watch list or Moody's negative
watch list. If either or both Moody's or Standard & Poor's cease issuing such ratings, then a successor rating agency of comparable stature to Moody's or Standard & Poor's shall be
substituted in its or their place. 

        Section 31.2.    The
rights of Tenant set forth in Section 31.1 hereof apply exclusively to the South Building, and nothing contained in the foregoing provisions
of Section 31.1 hereof shall give Tenant any rights whatsoever to name the Tower. The Tower shall he designated as the "MetLife Tower", the
"Metropolitan Life Insurance Company Tower", or any derivation of such name or the name of any Landlord Successor or by the street address of the Tower. If a portion of the Landlord Space exceeding
one hundred thirty thousand (130,000) rentable square feet shall be leased, the Tower may be designated by the name of such tenant, as the case may be, only if all of the following conditions are
satisfied: (i) such tenant shall be an Investment Grade Entity, (ii) such tenant is in actual occupancy of at least one hundred thirty thousand (130,000) rentable square feet, and
(iii) Tenant's prior consent to such name shall have been obtained in writing, which consent shall not be unreasonably withheld or delayed. Tenant shall not be deemed unreasonable if it
withholds its consent because: (A) in Tenant's reasonable judgment, the reputation, character or business of such tenant is below the standard of business entities for whom First-Class Office
Buildings are customarily named, or (B) such tenant is generally recognized as a Competitor of Tenant. Any dispute between Tenant and Landlord regarding whether or not the foregoing conditions
have been satisfied shall be resolved by arbitration in accordance with Article 21. 

        Section 31.3.    In
exercising its rights under Section 31.1 hereof, Tenant shall not, without Landlord's prior consent, not to be unreasonably withheld or
delayed, include the Tower within the description of the South Building as so named, including without limitation, references thereto (whether visual or verbal) in any promotional or advertising
material, stationery or any other written or internet documentation promulgated by Tenant. In no event shall the Building address be changed from One Madison Avenue, New York, New York. Nothing
contained in this Article 31 or anywhere else in this Lease shall prevent or preclude Landlord from marketing the Building as the "One Madison Avenue
Building" or some other derivative making use of One Madison Avenue as the address of the Building, 

        Section 31.4.    Provided
that granting to Tenant the following rights to install signage on the South Building and in the South Building Lobby will not jeopardize or
risk or cause the loss of the Building's status as a "Certified Historic Structure" for the purposes of Tax Credits and eligibility for abatement, deferral and/or reduction of taxes under the ICIP
Laws, then, for so long as no default shall exist under this Lease after notice and the expiration of the applicable cure period, Tenant and any assignee or subtenant of Tenant for whom the South
Building shall be named pursuant to Section 31.1(b) hereof (for so long as such assignee or subtenant shall occupy at least six hundred thousand (600,000) rentable square feet) shall have the
right to install on the exterior walls of the South Building and in the South Building Lobby signage plaques with the name of Tenant and/or identification symbol or logo of Tenant, the design,
lettering, colors, material composition and method of affixation to be selected by Tenant 

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but
approved by Landlord, which approval shall not be unreasonably withheld or delayed. The size, number and location of such signage plaques shall be subject to Landlord's reasonable approval, and
shall be appropriate and in keeping with the operation of a First-Class Office Building; provided, however that Landlord shall not be deemed unreasonable in withholding its consent to any such signage
if, in Landlord's reasonable opinion, such signage shall interfere with or adversely impact on the Tower. 

        Section 31.5.    Tenant
acknowledges that Landlord has etched "Metropolitan Life Insurance Company" in various locations on the stone facade of the South Building.
Notwithstanding anything to the contrary contained herein, Tenant shall not modify or remove such etchings for so long as MetLife is the owner of the Building and/or the occupant of the Retained
Space. 

        Section 31.6.    (a) In
connection with a permitted subletting of any of the Retail Space pursuant to Article 14 hereof, Tenant shall be permitted to allow
exterior signage on the storefront of such Retail Space provided that (i) if all of the Retail Space between the mid-block East 23rd Street and mid-block Madison Avenue
entrances of the Building which is vacant on the date hereof ("Remaining Retail Space" is subleased to a single subtenant
("Major Retail Subtenant"), such Major Retail Subtenant's retail signage shall be consistent with signage customarily used on First-Class Office
Buildings, the lettering on such signage shall not exceed 36 inches in height and such signage shall have been approved by Landlord, which approval shall not be unreasonably withheld or delayed,
(ii) if the Remaining Retail Space is subleased to two or three subtenants and one of such subtenants ("Large Retailer") subleases 5,420 useable
square feet or more, then such subtenants' retail signage shall be consistent with signage customarily used on First-Class Office Buildings and shall have been approved by Landlord, which approval
shall not be unreasonably withheld or delayed, and the lettering on the Large Retailer's signage shall not exceed 24 inches in height and the lettering on the other subtenants' signage shall not
exceed 18 inches in height, and (iii) if the Remaining Retail Space is subleased to four or more subtenants, all of such subtenants' retail signage shall be uniform for the South Building and
consistent with an overall retail signage program for the Retail Space, the specifications (i.e., the size, design, lettering, colors, material composition and method of affixation) for which shall
have been submitted to, and approved by, Landlord, which approval shall not be unreasonably withheld or delayed, and the lettering on such subtenants' signage shall not exceed 18 inches in height. No
neon signs, flashing lights, illuminated or backlit signs will be permitted on the exterior of the Building, in the windows of or entrances to the Retail Space or inside the Retail Space within three
feet of any such windows or entrances. Landlord hereby acknowledges that it has approved the exterior signage to be installed pursuant to the sublease dated March 18, 2003 between Tenant and
Walgreen Eastern Co. Inc. 

        (b)   In
connection with a lease of any portion of the Landlord Space for retail purposes, Landlord shall be permitted to allow and/or place exterior signage on the storefront
of such retail space, provided that (a) all such retail signage shall be consistent with signage customarily used on First-Class Office Buildings, uniform for the Tower and shall harmonize with
the retail signage program for the Retail Space in the South Building, (b) if Landlord shall lease 5,420 useable square feet or more of Landlord's retail space to one tenant, the lettering on
such tenant's signage shall not exceed 24 inches in height, and (c) the lettering on 

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the
signage of any tenant of Landlord's retail space who leases less than 5,420 useable square feet shall not exceed 18 inches in height. 

        Section 31.7.    Notwithstanding
anything to the contrary contained herein, Tenant must comply with the provisions of Section 9.6(c) prior to installing any
signage permitted under this Article 31. 

        Section 31.8.    Landlord
shall have the right to install on the exterior walls of the Tower and in the Tower lobby signage plaques with the name of Landlord and/or
identification symbol or logo of Landlord. The size, number and location of such signage plaques shall be appropriate and in keeping with the operation of a First-Class Office Building and shall not
interfere with or adversely impact on the South Building. The foregoing signage rights shall inure to the benefit of any tenant of Landlord for whom the Tower shall be named pursuant to
Section 31.2 hereof (for so long as such tenant shall occupy at least 130,000 rentable square feet of the Landlord Space); provided that granting the foregoing rights to install signage on the
Tower and in the Tower lobby to such tenant will not jeopardize or risk or cause the loss of the Building's eligibility for abatement, deferral and/or reduction of taxes under the ICIP Laws. 

ARTICLE 32  

 ROOF INSTALLATIONS  

        Section 32.1.    Subject
to Tenant's compliance with the terms and provisions of this Lease, Tenant shall have the right to erect, operate, remove, repair, replace and
maintain microwave and satellite communications equipment or antennae as well as emergency generators and condenser water towers (the "Tenant Roof
Installation") on the Roof Areas (as hereinafter defined) of the South Building, provided (i) all Tenant Roof Installations made by Tenant or anyone claiming through or
under Tenant shall be the personal property of Tenant or anyone claiming through or under Tenant, and all such Tenant Roof Installations (other than condenser water towers) shall be removed by Tenant,
at Tenant's sole cost and expense, at the expiration or earlier termination of this Lease, and any resulting damage to the Building and Building equipment shall be repaired at, or prior to, the
Expiration Date, (ii) the installation and use of such Tenant Roof Installation would not (and does not) unreasonably interfere with use of the Roof Areas by Landlord pursuant to
Section 32.4) (iii) all such installations shall be a Voluntary Alteration subject to the provisions of Article 9 hereof, and shall be installed and maintained in accordance with
Legal Requirements, and (iv) prior to installing, or permitting any installation of, any such Tenant Roof Installation, Tenant shall obtain Landlord's prior consent thereto which shall be
withheld by Landlord only if, in Landlord's reasonable judgment, the visual impact of such installation (considering the aggregate of all such installations then existing on such Roof Areas) on
occupants of the Tower or the building at Eleven Madison Avenue, New York, New York is below the standard of a First-Class Office Building. All roofing and waterproofing related to the installation,
repair, replacement and/or removal of such Tenant Roof Installation shall be performed by Tenant, at Tenant's cost. No Tenant Roof Installation made by Tenant or anyone claiming through or under
Tenant may be visible from the ground unless such Tenant Roof Installation will not operate unless it is placed in a location where it will be visible from the ground, in which event (provided the
same will not jeopardize or risk or cause loss of the Building's status as a "Certified Historic Structure" for purposes of Tax Credits and the 

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Building's
eligibility for abatement, deferral and/or reduction of taxes under ICIP Laws) it may be placed in a location on the Roof Areas of the Building, mutually and reasonably determined by
Landlord and Tenant, which permits such Tenant Roof Installation to operate and minimizes its visibility from the ground. For the purposes hereof, "Roof
Areas" shall mean the available roof space on the roofs above the 11th through 16thfloors of the South Building, but shall in no event include the
roof above the 10th floor of the South Building (i.e., the 11th floor setback) for so long as any portion of the 11th floor shall be occupied by Landlord.
Tenant shall comply and remain in compliance with the FCC OET65 Rule. 

        Section 32.2.    Subject
to the provisions of this Article 32, Tenant shall have the right to transfer or resell the use of, or the rights to the use, the
microwave and satellite communications equipment or antennae included in Tenant Roof Installations, including the granting of any licensing or other rights, and in such event, any such transaction
shall he deemed a sublease as to which all of the provisions of Article 14 hereof, including without limitation, the profit splitting provisions set forth in Section 14.4 hereof, shall
apply except that Landlord shall have no recapture right as set forth in Section 14.3 hereof. For purposes of calculating Profit, there shall be allocated to the Roof Areas no portion of the
Minimum Rent. Notwithstanding anything to the contrary in the foregoing sentence, Tenant shall not be permitted to enter into any such transfer or resale with an entity who is a Competitor of Landlord
on the date the transaction is consummated. 

        Section 32.3.    Notwithstanding
anything to the contrary contained herein, Tenant must comply with the provisions of Section 9.6(c) prior to installing any
Tenant Roof Installations permitted under this Article 32. 

        Section 32.4.    Subject
to Landlord's compliance with the terms and provisions of this Lease, Landlord, and anyone claiming under or through Landlord, shall have the
right to erect, operate, remove, repair, replace and maintain microwave and satellite communications equipment or antennae as well as emergency generators and condenser water towers (the
"Landlord Roof Installation") on the Roof Areas; provided (i) the installation and use of the Landlord Roof Installation would not (and does not)
unreasonably interfere with use of the roof by Tenant pursuant to Section 32.1, and (ii) all such installations shall be Landlord Alterations subject to the provisions of
Article 38 hereof and shall be installed and maintained in accordance with Legal Requirements. All such Landlord Roof Installations shall be the personal property of Landlord or anyone claiming
under or through Landlord. No such Landlord Roof Installation may be visible from the ground unless such Landlord Roof Installation will not operate unless it is placed in a location where it will be
visible from the ground, in which event (provided the same will not jeopardize or risk or cause loss of the Building's eligibility for abatement, deferral and/or reduction of taxes under ICIP Laws) it
may be placed in a location on the Roof Areas, mutually and reasonably determined by Tenant and Landlord, which permits such Landlord Roof Installation to operate and minimizes its visibility from the
ground. Landlord shall comply and remain in compliance with the FCC OET65 Rule. 

        Section 32.5.    The
right to install and operate antennae, communications dishes or other equipment on the Roof Areas shall be on a first come, first served, basis. The
use of the aggregate amount of Roof Areas shall be allocated between Tenant and Landlord proportionate to the aggregate amount of leaseable space in the Demised Premises and the Landlord Space. 

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Landlord
shall not install or operate or permit anyone claiming by, through or under Landlord to install or operate antennae, communications dishes or other equipment on the Roof Areas which will
unreasonably interfere with the use or operation (including the reception and transmission of signals to and from the same) of other then existing antennae or communications dishes on the Roof Areas
or other then existing roof installations of Tenant installed or made pursuant to Section 32.1 for similar purposes. Tenant shall not install or operate or permit anyone claiming by, through or
under Tenant to install or operate antennae, communications dishes or other equipment on the Roof Areas which will unreasonably interfere with the use or operation (including the reception and
transmission of signals to and from the same) of other then existing antennae or communications dishes on the Roof Areas or other then existing roof installations of Landlord pursuant to
Section 32.4 for similar purposes. 

        Section 32.6.    Landlord
hereby indemnifies and agrees to hold Tenant harmless from and against any cost, expense, damage, obligation or liability to persons or
property that may now or hereafter be incurred, expended or suffered by Tenant in any way arising from, occasioned by, or resulting from, Landlord's installation, maintenance, replacement, repair,
operation and/or use (or acts or omissions in connection therewith) of Landlord Roof Installations and all appurtenances thereto, including, without limitation, any damage resulting from water seepage
through the roof or walls of the Building. 

        Section 32.7.    Tenant
shall not be required to remove any Landlord Roof Installations at the end of the Term, whether such Landlord Roof Installations were installed
pursuant to Section 32.4 hereof or pursuant to the Original Sublease. 

        Section 32.8.    In
the event that Landlord ceases to operate any Landlord Roof Installation and Tenant desires to install a Tenant Roof Installation in the area where
such non-operational Landlord Roof Installation is located, Tenant may deliver to Landlord a notice so stating ("Roof Installation Notice").
Unless Landlord intends to resume operation of such Landlord Roof Installation within ninety (90) days of the date of the Roof Installation Notice, Landlord shall promptly remove such Landlord
Roof Installation at Landlord's cost and expense. The removal of any Landlord Roof Installation pursuant to this Section 32.8 shall not prohibit Landlord from installing any future Landlord
Roof Installations or reduce the aggregate amount of Roof Areas allocated to Landlord pursuant to Section 32.5. 

ARTICLE 33  

 RIGHT OF FIRST OFFER  

        Section 33.1.    Landlord
agrees that it shall not lease the portion of the Landlord Space located on the 11th floor of the South Building and/or the second
(2nd) floor of the Tower (collectively or individually, the "Offer Space") or any portion thereof unless it has first complied with the
terms of Section 33.2 and 33.3. Possession or occupancy of any portion of the Offer Space by one or more of Landlord's Affiliates and/or Landlord's Successor (whether or not pursuant to a
written agreement) shall not be deemed or construed to be a lease of the Offer Space hereunder and Landlord shall be permitted to allow, without having to comply with the provisions of Sections 33.2
through 33.4 hereof, Landlord's Affiliates and/or Landlord's Successor to occupy the Offer Space. Notwithstanding the foregoing, in the case of possession or occupancy 

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of
any portion of the Offer Space by Landlord's Affiliates, any subsequent transaction whereby such occupant shall cease to be an Affiliate shall be subject to the provisions of clauses
(a) and (b) of Section 33.3 hereof, but shall not be subject to the provisions of Section 33.2 hereof (provided that such subsequent transaction shall be done for a good
business purpose and not primarily for the purpose of circumventing compliance with Section 33.2). The Landlord originally named herein (i.e., Metropolitan Life Insurance Company) and any
Landlord's Successor shall be permitted to allow, subject to the terms and conditions of this Lease (but without having to comply with the provisions of Sections 33.1, 33.2 and 33.4 hereof),
Landlord's Business Associates as hereinafter defined, to occupy portions of the Offer Space on a temporary basis from time to time (it being agreed that the term "temporary" as used in this
Section 33.1 shall mean the duration of the ongoing business or professional relationship), provided that the space occupied by Landlord's Business Associates shall not be separately demised
from the Landlord Space. "Landlord's Business Associates" shall mean professional and business entities with whom the named Landlord shall have an
on-going professional or business relationship. Any tenant of the Landlord originally named herein shall also be permitted to allow its Business Associates to occupy up to fifteen (15%)
percent of its leased space, from time to time on a temporary basis provided that the space occupied by such Business Associates shall not be separately demised from such tenant's demised space. 

        Section 33.2.    (a) Prior
to Landlord's leasing or sub-subleasing the Offer Space or any portion thereof, Landlord must first present Tenant with a
written offer ("Landlord's Offer Notice") to sublease such space to Tenant for occupancy by Tenant or Tenant's Affiliates, as additional space to be
included within the Demised Premises. Landlord's Offer Notice shall set forth: (i) the area proposed to be leased, and (ii) the term of the proposed lease (the
"Proposed Lease Term") and the date the area to be leased is intended to be vacated by Landlord, which date shall not be less than sixty
(60) days after the date Tenant receives Landlord's Offer Notice. Tenant shall have a period of sixty (60) days after its receipt of said Landlord's Offer Notice within which to accept
or reject the offer. If Tenant shall fail to respond to Landlord's Offer Notice within such sixty (60) day period, then Landlord shall have the right to give to Tenant a second notice (a
"Second Landlord's Offer Notice"), and if Tenant shall fail to respond to such Second Landlord's Offer Notice within ten (10) Business Days after
Tenant's receipt thereof, then Tenant shall be deemed to have rejected such offer, provided and on condition that the Second Landlord's Offer Notice shall state in bold uppercase letters on the first
page thereof: "TENANT SHALL BE DEEMED TO HAVE REJECTED THE RIGHT OF FIRST OFFER DESCRIBED IN THIS NOTICE IF TENANT FAILS TO RESPOND WITHIN TEN (10) BUSINESS DAYS AFTER
THIS NOTICE SHALL HAVE BEEN GIVEN TO TENANT." If Tenant shall accept such offer, Landlord and Tenant shall execute and deliver an amendment to this Lease to add such portion of
the Offer Space within the Demised Premises, which amendment shall provide that the term of such lease shall commence on the later of the following dates (the "Proposed
Commencement Date"): (x) the date specified in Landlord's Offer Notice and (y) the date which is sixty (60) days after the date of delivery of Landlord's
Offer Notice to Tenant, and shall be for the term specified in Landlord's Offer Notice and for the rents and on the terms and conditions set forth in Sections 33.2(b) or 33.2(c) hereof. In the event
Tenant does not acquire all of the space on a floor, Tenant (at Landlord's sole cost and expense) will do all the work necessary to physically separate the portion of the Offer Space on such floor (so
added to the Demised Premises under this Lease) from the portion of the floor so retained by Landlord, which work shall include, without limitation, the erection of a demising wall between the portion 

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of
the Offer Space so surrendered to Tenant and the balance of the Offer Space on such floor retained by Landlord. In addition, in the event the portion of the Offer Space so surrendered to Tenant
does not have direct access to a public corridor in the Building or to an elevator bank serving such surrendered portion, Landlord, shall, and will at all times, provide and permit reasonably
appropriate means of ingress to and egress from and access across and through the balance of the Offer Space retained by Landlord, provide and permit appropriate use of the elevators serving such
surrendered portion, including access across lobby and corridor areas. 

        (b)   If
Tenant shall accept the offer set forth in Section 33.2(a) hereof to add such space to the Demised Premises under this Lease in the case of a proposed lease of
all or any portion of the Offer Space for the remainder of the Term, such space shall be included as part of the Demised Premises under this Lease as of the date of delivery of such space on all the
terms and conditions of this Lease, including without limitation the payment of Minimum Rent and Additional Rent. At the request of either party, Tenant and Landlord shall execute and deliver an
instrument or instruments in form reasonably satisfactory to the other, setting forth any modifications to this Lease, contemplated in or resulting from the operation of the provisions of the
foregoing clause; however, neither Tenant's nor Landlord's failure to execute or deliver any such instruments shall vitiate the effect of the provisions of such foregoing clause. 

        (c)   If
Tenant shall accept the offer set forth in Section 33.2 hereof to add such space to the Demised Premises under this Lease in the case of a proposed lease of
all or any portion of the Offer Space for less than the remainder of the Term, such space shall be included as part of the Demised Premises under this Lease as of the date of delivery of such space on
all the terms and conditions of this Lease, including without limitation the payment of Minimum Rent and Additional Rent. At the request of either party, Tenant and Landlord shall execute and deliver
an instrument or instruments in form reasonably satisfactory to the other, setting forth any modifications to this Lease, contemplated in or resulting from the operation of the provisions of the
foregoing clause; however, neither Tenant's nor Landlord's failure to execute or deliver any such instruments shall vitiate the effect of the provisions of such foregoing clause. Upon the expiration
of the Proposed Lease Term, Tenant shall deliver such space back to the Landlord in good order and condition with all Specialty Alterations installed by Tenant therein having been removed to the
extent required to be removed under this Lease. At the request of either party, Tenant and Landlord shall execute and deliver an instrument or instruments in form reasonably satisfactory to the other
setting forth any modifications to this Lease resulting from the operation of the provisions of this paragraph (c); however, neither Tenant's nor Landlord's failure to execute or deliver any
such instruments shall vitiate the effect of the provisions of this paragraph (c). 

        Section 33.3.    (a) Notwithstanding
anything to the contrary in the foregoing, if Tenant shall reject (or shall be deemed to reject) the offer set forth in
Section 33.2(a) hereof to add the Offer Space or any portion thereof to the Demised Premises under this Lease and Landlord shall thereafter lease the Offer Space (or any portion thereof) and
the rent payable under such sublease exceeds the Assumed Rent for such space on a prorated basis (determined on a per square foot basis), Landlord shall pay to Tenant fifty (50%) percent of the
Landlord Profit, as such term is hereinafter defined. Landlord shall deliver to Tenant a duplicate original of the lease no later than ten (10) Business Days after the effective date thereof.
Payments of Landlord Profit hereunder by Landlord to Tenant shall not be deemed to be part of "Total Income" of Tenant 

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allocable
to such Offer Space for purposes of calculating "Profit" pursuant to Section 14.4 of this Lease, 

        (b)   The
term "Landlord Profit" shall mean the excess, if any, of (i) the rentals actually received by Landlord under
any lease of the Offer Space (it being understood that the rentals actually received under any lease shall include sums paid for the sale or rental of Landlord's fixtures, leasehold improvements,
equipment, furniture or other personal property, loss, (A) in the case of the sale thereof, the then net unamortized or undepreciated cost thereof determined on the basis of Landlord's federal
income tax returns, and (B) in the case of the rental thereof, the then net unamortized cost thereof, amortized over the useful life of such item(s), and any other consideration actually
received by Landlord under such lease (other than payments in the nature of reimbursements for amounts payable to third parties such as indemnity payments) ("Total Lease
Income")), over (ii) the sum ("Landlord's Total Cost") of (x) the
Assumed Rent for such Offer Space, and (y) Landlord's Transaction Costs, as hereinafter defined, and (z) any Landlord Carryover Credit, as hereinafter defined. The term  "Landlord's Transaction Costs" shall mean and include all actual reasonable costs and expenses incurred by Landlord consistent with the then market
requirements in effectuating the lease, including, without being limited to, reasonable marketing expenses, real estate transfer taxes, sales taxes and taxes of like import imposed in connection with
the transaction, brokerage commissions, attorney's fees and disbursements, remodeling and redecorating costs, rent paid during any free-rent periods and takeover costs and expenses. In
computing Landlord Profits, the Total Lease Income, as and when received by Landlord, shall first be offset against Landlord's Transaction Costs, as and when incurred or paid by Landlord on the basis
hereinafter provided, until Landlord has recovered Landlord's Total Costs. The Total Lease Income, as and when received, less such Landlord's Total Cost as may be paid or incurred by Landlord on the
basis herein provided shall constitute Landlord Profit, If at any time a prior lease shall have resulted in a net loss to Landlord with respect to such lease
(i.e., the total of the items included in clauses (x) and (y) of this Section 33.3(b) paid for the duration of such lease exceeds
the Total Lease Income received under the terms thereof), such net loss, to the extent theretofore incurred (a "Landlord Carryover Credit", shall be
carried over and applied to other then existing or succeeding transactions, it being understood that in no event shall Tenant ever be required to refund or credit to Landlord any sums previously paid
or determined to be owing to Tenant for prior determinations of Landlord Profit in respect of earlier leases. There shall be no duplication of offsets against Total Lease Income. Notwithstanding the
foregoing to the contrary, Landlord shall not be obligated to pay any Landlord Profit to Tenant which shall be received by Landlord as amounts paid to Landlord as Landlord under this Lease. 

        (c)   If
Landlord shall not consummate a lease of the Offer Space or the portion thereof in question, as the case may be, as shall have been specified in Landlord's Offer
Notice within twelve (12) months following Tenant's rejection (or deemed rejection), in the case of a lease of 200,000 rentable square feet or less, or within eighteen (18) months after
such waiver (or deemed waiver) in the case of a lease of more than 200,000 rentable square feet, Landlord shall not have the right to consummate the lease of the Offer Space without again complying
with all of the provisions of Section 33.2. 

        Section 33.4.    Anything
to the contrary contained herein notwithstanding, if there is a dispute between Tenant and Landlord as to the right of Tenant to lease the
Offer Space, 

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Tenant
and Landlord agree to diligently proceed in good faith to have such dispute resolved by arbitration in the City of New York in accordance with the rules of The American Arbitration Association
(or its successor) by an arbitrator selected by The American Arbitration Association (or its successor). Such arbitrator shall be an attorney with at least 10 years experience in Manhattan
office leasing for First-Class Office Buildings. The costs and expenses of arbitration shall be shared equally by Tenant and Landlord, but each party shall be responsible for its own costs and
expenses and the fees and expenses of its own witnesses and counsel. In rendering his decision, the arbitrator shall have no power to vary, modify or amend any provision of this Lease. A determination
made by arbitration pursuant to this paragraph shall be final and binding upon the parties. The arbitrator shall be required to furnish written arbitral findings to each of the parties hereto. 

ARTICLE 34  

 SERVICES BY TENANT  

        Section 34.1.    Services by Tenant.    

        (a)   Tenant
shall at all times operate and maintain the Building in accordance with the standards that are customarily followed in the operation and maintenance of a
First-Class Office Building and shall provide the specific facilities, utilities and services set forth in this Article 34 (the "Services"). 

        (b)   Tenant
shall keep the sidewalks and curbs in front of the Building in good repair. 

        (c)   Tenant
shall clean the windows in the Building quarterly and shall comply with all Legal Requirements applicable thereto, including, without limitation,
Section 202 of the New York Labor Law. 

        Section 34.2.    Cleaning.    Landlord acknowledges that Landlord is responsible, at Landlord's expense, for
rubbish removal from the Landlord Space. Tenant shall provide an area in the loading dock for storage and pick-up of rubbish from the Landlord Space. Tenant shall provide cleaning services
with respect to the loading docks, sidewalks, plazas and entryways adjoining the Building (including snow removal), and the common areas of the Building not exclusively servicing the Landlord Space,
all in accordance with the standards of First-Class Office Buildings. Tenant shall not be required or obligated to provide any cleaning services to the Landlord Space or to any area that is
exclusively used for, or is exclusively available to, the Landlord Space; provided, however, that Landlord may request that Tenant provide such cleaning services to such space by written notice in
which event Tenant shall provide cleaning services to the Landlord Space and to any area that is exclusively used for, and is exclusively available to, the Landlord Space at Landlord's cost and
expense. 

        Section 34.3.    HVAC.

        (a)   Subject
to Section 10.7 hereof, Tenant shall furnish air conditioning, ventilation and heat (i) to the common areas of the Building, including without
limitation the Building lobby to the extent that such areas would customarily be provided with 

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such
services and (ii) to the Landlord Space, during the hours between 8:00 A.M. and 6:00 P.M. on Business Days (herein referred to as "Business
Hours"), subject to all Legal Requirements and in accordance with the Drawings and Specifications for HVAC, which are attached hereto as  Schedule Q. 

        (b)   Landlord
agrees to keep and cause to be kept closed all the windows in the Landlord Space at all times, and Landlord agrees to cooperate fully with Tenant and to abide
by all the regulations and requirements which Tenant may reasonably adopt for the proper functioning and protection of the Building Systems. 

        (c)   If
Landlord shall request any of the services required to be provided by Tenant to the Landlord Space (other than any mechanical space) pursuant to this
Section 34.3 on one or more floors of the Landlord Space outside of Business Hours, Tenant shall furnish the same to the floor or floors in question upon advance notice from Landlord, given
prior to 3:00 P.M. on the day, Monday through Friday, on which such service is required, and given prior to 3:00 P.M. on the Friday before any Saturday or Sunday or on the last Business
Day (but excluding Saturday) before any legal holiday on which service is required. Landlord, in lieu of providing daily requests for overtime or above-standard service, may, at its option and from
time to time, furnish Tenant with a standing order, which order shall stay in effect until Landlord notifies Tenant in writing of any change to or revocation of such standing order, which notice of
change or revocation must be given to Tenant prior to the required times provided in the preceding sentence of this Section 34.3(c). Notwithstanding anything to the contrary contained in this
Section 34.3(c), to the extent any Landlord daily notice has not been given prior to the requisite times provided in this Section 34.3(c), Tenant shall, nevertheless, use its reasonable
efforts to provide such service as timely as reasonably practical. 

        (d)   Landlord
shall sign such service order forms or vouchers as Tenant shall require to monitor the request or bill for such services. 

        (e)   If
the heating, ventilating or conditioned air being delivered by Tenant to the Landlord Space (other than any mechanical space) is capable of meeting the design
conditions required under this Section 34.3, but the temperature, humidity, and/or supply air in the Landlord Space (other than any mechanical space) does not meet such design conditions
because (x) the design or configuration of the heating, ventilation and air-conditioning system designed to service the Landlord Space was not adequately designed or configured, or
(y) any arrangement of the Landlord's partitioning or raised flooring interferes with the proper and efficient operation of the aforesaid heating, ventilation and air conditioning system, then
Tenant shall not be responsible for deficiencies in meeting such design conditions or performance criteria. 

        (f)    Landlord
shall be entitled to 175 tons of condenser water in the Building and Tenant agrees to reserve such amount for the operation of Landlord's supplemental air
conditioning units servicing the Landlord Space. Landlord shall pay Tenant's Expenses for the amount of condenser water reserved, whether or not actually used. 

        Section 34.4.    Elevators    (a) Landlord shall, at all times during Business Hours of Business Days,
have direct access to and use of the Building freight elevators and the loading 

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dock
area on a first come, first served, equitable basis (recognizing that the loading dock must be available for both parties during Business Hours). Freight elevator service and use of the
Building's loading dock shall also be provided to the Landlord Space on a reserved basis at all other times. 

        (b)   Tenant,
at its expense, shall provide non-exclusive passenger elevator service to each floor of the Landlord Space twenty-four (24) hours
per day, seven (7) days per week, it being agreed that Tenant may reasonably reduce the number of elevator cars in operation at times other than during Business Hours. 

        (c)   Tenant
shall dedicate the two (2) passenger elevators in the South Building identified on Schedule D hereto
for Landlord's sole and exclusive use to the 11th floor (the "Executive Dedicated Elevators"). Tenant shall program and reprogram the
Executive Dedicated Elevators in accordance with Landlord's reasonable requirements, at Landlord's Expense. Further, Landlord shall, at its sole cost and expense, be entitled to install, maintain,
replace and use a key or card entry system to the Executive Dedicated Elevators provided Landlord provides Tenant with a reasonable number of entry keys or cards, as the case may be. Tenant shall
provide Landlord with access from the parking area where Landlord has a designated parking spot to the Executive Dedicated Elevators. In the event Landlord is no longer occupying any portion of the
11th floor, Tenant will not be required to provide the Executive Dedicated Elevators. 

        (d)   Tenant
shall have access to all elevators in the Tower. 

        Section 34.5.    Subject
to the provisions of Article 36 hereof, Tenant reserves the right to stop services on the heating, ventilating and
air-conditioning, elevator, plumbing, fire safety, life protection and electrical systems and any other system serving the Building when necessary, in the reasonable judgment of Tenant,
for reason of accident or emergency or for repairs, alterations, replacements or improvements, provided that (except in case of accident or emergency), Tenant will give reasonable advance notice to
Landlord, if possible, of any such stoppage and, if ascertainable, its estimated duration, will reasonably cooperate with Landlord, if possible, in scheduling any such stoppage, and will proceed
diligently with the work necessary to resume such service as promptly as possible and in a manner so as to minimize interference with Landlord's use and enjoyment of the Landlord Space. 

        Section 34.6.    Tenant
will, through vertical plumbing risers in the Building, supply Landlord with (i) an adequate quantity of warm and cool water for
(a) lavatory, cleaning and drinking purposes, and (b) pantry purposes, provided that there is no more than one (1) pantry per floor of the Landlord Space consuming not more than
three (3) gallons per minute per pantry, and such pantry consists of no more than a sink, a unit for brewing and dispensing coffee and a refrigerator, and that the same are used for standard
pantry purposes in keeping with a First-Class Office Building and (ii) a quantity of water for Landlord's sprinklers in the Landlord Space which complies with Legal Requirements. 

        Section 34.7.    If
Landlord is permitted hereunder to and does have a separate area for the preparation or consumption of food in the Landlord Space, Landlord, at its
expense, shall he responsible to arrange for the removal from the Building of any refuse or rubbish from such 

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area
and the cost of employing on a regular basis, a reputable exterminator to keep the Landlord Space free from vermin. 

        Section 34.8.    Tenant
shall maintain and provide electric lighting service, air-conditioning and heating, as appropriate, for all common areas of the
Building in the manner and to the extent appropriate for a First-Class Office Building. 

        Section 34.9.    Landlord
shall have the right, at Landlord's cost, to request that Tenant lock-out certain floors of the Landlord Space from being serviced
by the passenger and freight elevators and Tenant shall do so unless the same cannot be reasonably accomplished. 

        Section 34.10.    Subject
to Section 10.7, at all times Tenant shall provide and monitor a fire alarm system for the Building into which the smoke detectors, fire
alarms, strobes, speakers, pull-stations and other related equipment installed by Landlord and approved by Tenant within the Landlord Space required by code compliance will be connected.
Tenant's fire alarm
contractor shall connect Landlord's fire alarm devices and program the Building fire alarm system to accept the same (provided that the existing fire alarm system, as modified, is capable of handling
the same). Landlord shall pay all Expenses of such contractor's charges for that work. 

        Section 34.11.    Landlord
shall pay the Expenses to Tenant within thirty (30) days after Tenant's written demand therefor, for overtime or above standard
Building services which Tenant supplies to Landlord, at Landlord's request, if any, and for the other items noted in this Article 34 as a Landlord's Expense. 

        Section 34.12.    Tenant
will, through the Building's steam risers make steam available to the Landlord Space for humidification, air handling and kitchen use purposes.
Landlord may obtain such steam by tapping into the Building's steam risers, at Landlord's sole cost and expense, in locations to be reasonably designated by Tenant. Landlord shall pay for the cost of
the steam consumed by Landlord, as measured by submeter(s) to be installed by Landlord at its sole cost and expense, at the rate Tenant pays for such steam, together with Tenant's actual costs of
causing the submeter(s) to be read. Prior to Landlord's use of the Building's steam, Landlord shall install a submeter to measure the steam consumed by Landlord. 

        Section 34.13.    Landlord
may obtain gas for use in the Landlord Space directly from the public utility company servicing the Building, and will pay for the cost of
such service directly to such public utility company. Landlord shall tap into the Building's gas lines to obtain gas for the Landlord Space only in those locations reasonably designated by Tenant. 

        Section 34.14.    Upon
request by Landlord, Tenant will use reasonable efforts to provide to Landlord a reasonable amount of area in the Mechanical Space of the South
Building. Landlord shall be entitled to use Landlord's Proportionate Share of the Mechanical Space of the Tower for Landlord's equipment and machinery. Each party shall have a right of access to the
aforesaid mechanical spaces to install, service and maintain their respective equipment and machinery. Landlord's right of access shall be subject to such reasonable rules and regulations as Tenant
shall reasonably adopt, in writing, and provided Landlord is given reasonable notice thereof. Tenant's right of access shall be subject to such reasonable rules and regulations as 

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Landlord
shall reasonably adopt, in writing, and provided Tenant is given reasonable notice thereof. 

        Section 34.15.    Tenant
shall reserve, for Landlord's sole and exclusive use, one (1) parking space in the loading dock area. Use of the parking space shall be a
personal right of MetLife which may not be transferred to any other assignee of MetLife and shall continue only so long as MetLife is an occupant of the Building. 

        Section 34.16.    The
shaftways in the Tower and the South Building shall be reasonably apportioned between Tenant and Landlord. 

        Section 34.17.    (a) For
so long as Tenant is providing the Services, Landlord, and those claiming by, through or under Landlord (other than Tenant Parties),
and the servants, employees and agents of each of the foregoing, shall observe faithfully and comply with the Rules and Regulations set forth in  Schedule R attached hereto and made part hereof and
such reasonable changes thereto (whether by modification, elimination or addition) as Tenant
at any time or times hereafter may make and communicate to Landlord, which, in Tenant's reasonable judgment, shall be necessary for the reputation, safety, care and appearance of the Building, or the
preservation of good order therein, or the operation or maintenance of the Building, and which do not unreasonably affect the conduct in the Landlord Space of the business of Landlord or Landlord's
Affiliates; provided that (i) Tenant gives Landlord prior written notice of such changes and (ii) such new rules and regulations or changes in existing rules and regulations do not
require expenditures by Landlord by more than a non-material amount and do not require expenditures for alterations other than in non-material amounts, not contemplated by the
terms of this Lease (such rules and regulations as changed from time to time being herein called "Rules and Regulations"). In case of any conflict or
inconsistency between the provisions of this Lease and any of the Rules and Regulations, the provisions of this Lease shall control. 

        (b)   Tenant
shall (i) not enforce against Landlord any Rules or Regulations which Tenant is not then generally enforcing against all other occupants of the Building
and observing itself; (ii) not unreasonably withhold or delay its consent from Landlord for any approval or consent required under the Rules and Regulations; and (iii) exercise its
judgment in good faith in any instance providing for the exercise of its judgment in the Rules and Regulations. 

        Section 34.18.    (a) Tenant
shall be responsible for security at the Park Avenue South, Madison Avenue and mid-block 24th Street entrances to the
South Building. Landlord shall be responsible for security at the Madison Ave/24th Street Tower entrance and security to the Tower lobby. For so long as Landlord continues to use the access point
between the South Building and the Tower (or is required by any applicable Legal Requirement to keep such access point open), Landlord shall be responsible for security at such access point.
Notwithstanding the foregoing, in the event that all of the Landlord Space located in the Tower is vacant, Landlord shall have the right to request that Tenant provide security for the Madison
Ave/24th Street Tower entrance, the Tower lobby and the access point between the South Building and the Tower and Landlord shall pay Tenant's Expenses for providing such security. 

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        (b)   Subject
to the provisions of Sections 34.18(a) and 34.1 hereof, Tenant will furnish security for the common areas of the Building, the procedures for which and type of
security systems and personnel involved shall be subject to Tenant's reasonable judgment, it being understood and agreed that Tenant shall have no obligation to provide any security services or
systems to the Landlord Space or to any area or system that is exclusively used for, or is exclusively available to, the Landlord Space, other than existing tap-in points to the Building's
main vertical sprinkler riser and existing class "E" life-safety system on each floor of the Landlord Space, at Landlord's Expense. Landlord, at Landlord's Expense, shall be allowed to
interface its electronic security and life safety systems with the Building's Systems so that Landlord will be able to trigger the Building's (i) security alarms through its security system (if
the existing security system, as modified, is capable of handling the same), and (ii) life safety system alarms through its life safety system (if the existing life safety system, as modified,
is capable of handling the same) provided that Landlord's Systems (and the interfacing of the same with the Building's Systems) are compatible with, and do not materially adversely affect, the
Building's Systems. 

        Section 34.19.    Landlord
hereby acknowledges that the Services provided by Tenant prior to the date of execution of this Lease have been provided in accordance with
the standards that are customarily followed in the operation and maintenance of a First-Class Office Building. 

ARTICLE 35  

 OPERATING EXPENSES  

        Section 35.1.    For
the purposes of this Article 35: 

        (a)   The
term "Operating Expenses" shall mean all expenses of each and every type and nature, foreseen and unforeseen,
ordinary and extraordinary paid or incurred (without duplication of an included item) by Tenant in respect of the operation, repair, safety, management, security and maintenance (including deferred
maintenance) of the Building which are necessary or appropriate for the operation of the Building as a First-Class Office Building, but specifically excluding (or deducting as appropriate) expenses
incurred in connection with or arising from: 

        (i)    Tenant's
operation of the Building at a higher standard than that being provided to Tenant on February 22, 2001 pursuant to that certain Agreement of Lease dated
September 10, 1997 between Landlord, as landlord, and Credit Suisse First Boston Corporation, as tenant, for the 13th floor at 11 Madison Avenue, New York, New York; 

        (ii)   Any
lobby area of the Building (other than the cost of repairing, maintaining and operating the Tower lobby and other than the cost of providing air conditioning,
ventilation and heat to any lobby area); 

        (iii)  Impositions; 

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        (iv)  Janitorial
and cleaning services with respect to any lobby area, any Mechanical Space, roof space or any other space dedicated to Tenant as tenant under this Lease or
any area of the Building denoted as leaseable space in the HLW Report; 

        (v)   Fees
paid or payable for managing and/or operating the Building in excess of the amount customarily charged by highly reputable managing and/or operating firms providing
such services in First-Class Office Buildings; 

        (vi)  Providing
electricity to any Mechanical Space, roof space or any other space dedicated to Tenant as tenant under this Lease or to any area of the Building denoted as
leaseable space in the HLW Report; 

        (vii) The
Bridge and the Tunnel; 

        (viii) Any
Tenant Alteration which is a Reimbursable Replacement or Reimbursable Structural Work; 

        (ix)  The
portion of any Reimbursable Legal Requirement Alteration which is reimbursable under Section 9.5; 

        (x)   Any
Reimbursable Legal Requirement Alteration which pertains to a Legal Requirement which affects only the Demised Premises; 

        (xi)  Any
Voluntary Alteration made by Tenant unless such Voluntary Alteration results in a savings of, or reduction in, Operating Expenses ("Cost
Savings"); provided, however, (i) the costs of such Voluntary Alteration shall only be included in Operating Expenses in any Operating Year to the extent of the annual
amortization thereon calculated on a straight-line basis over the useful life of such capital improvement (as reasonably determined in accordance with generally accepted accounting
principles), together with interest thereon at the Interest Rate and 

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(ii) in
no event shall there be included in Operating Expenses for any Operating Year an amount greater than the amount by which Operating Expenses are reduced in such Operating Year due to
such Voluntary Alteration; 

        (xii) Any
other capital improvement or replacement not described in clauses (viii) through (xi) above made by Tenant unless such capital improvement is
(A) required by a Legal Requirement other than a Legal Requirement which affects only the Demised Premises; provided, however, the costs of such capital improvement shall only be included in
Operating Expenses in any Operating Year to the extent of the annual amortization thereon calculated on a straight-line basis over the useful life of such capital improvement (as
reasonably determined in accordance with generally accepted accounting principles), together with interest thereon at the Interest Rate, or (B) results in a Cost Savings in Operating Expenses;
provided, however, (i) the costs of such capital improvement shall only be included in Operating Expenses in any Operating Year to the extent of the annual amortization thereon calculated on a
straight-line basis over the useful life of such capital improvement (as reasonably determined in accordance with generally accepted accounting principles), together with interest thereon
at the Interest Rate and (ii) in no event shall there be included in Operating Expenses for any Operating Year an amount greater than the amount by which Operating Expenses are reduced in such
Operating Year due to such capital improvement; 

        (xiii) Any
repairs (whether or not pursuant to Legal Requirements) made solely for the benefit of the Demised Premises; 

        (xiv) Any
machinery, equipment or tools used (A) solely within, or solely for the benefit of leaseable areas (other than the Landlord Space) or (B) in
connection with any Tenant Alteration or other capital improvement or replacement which is excluded from Operating Expenses; 

        (xv) Premiums
for any insurance carried by Tenant other than (A) the insurance specified in Sections 7.l(a)(i), (ii), (iii), (iv), (v), (vi), (vii) and
(ix) and (B) the insurance specified in Section 7.1(a)(viii) to the extent that such insurance relates to a Tenant Alteration which is not excluded from Operating Expenses
pursuant hereto; 

        (xvi) Professional
and consulting fees, including legal and accounting fees, not directly related to the operation of the Building; 

        (xvii) Computer
time, telephone, bookkeeping and other expenses not directly related to the operation of the Building; 

        (xviii) Security
within any leaseable space; 

        (xix) Leasing
or procuring subtenants for the Building, including leasing commissions and advertising expenses, and all legal, accounting and consultants, fees,
disbursements and expenses incurred in disputes with subtenants or enforcement of subleases or entering into subleases or preparing space for any subtenant; 

        (xx) Any
items which are reimbursable to Tenant by insurance, warranties or otherwise other than pursuant to operating expense clauses similar to this Article 35; 

        (xxi) Charges
for which Tenant is entitled to reimbursement from Landlord under any provision of this Lease other than this Article 35 or from any subtenant,
including services rendered or performed directly for the account of subtenants at such subtenants' cost or for which a separate charge is made (other than pursuant to operating expense clauses
similar to this Article 35); 

        (xxii) Depreciation
(provided, however, that such exclusion of depreciation shall not affect the inclusion in Operating Expenses of the amortized items required to be
amortized pursuant to the provisions of clauses (xi) and (xii) of this Section 35.1(a)); 

        (xxiii) Any
debt incurred by Tenant, including, without limitation, installments of principal and interest and any other sum due and payable under any mortgage (provided
that the foregoing shall not exclude the costs of performing any 

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obligations
under such mortgage if such costs are not otherwise excluded under this Section 35.1), and any expenses incurred in connection therewith; 

        (xxiv) Rent
and other charges due and payable under this Lease (provided that the foregoing shall not exclude the costs of performing any obligations under this Lease if
such costs are not otherwise excluded under this Section 35.1); 

        (xxv) Any
service or facility which is included in the Shared Services Agreement; 

        (xxvi) Any
repair or restoration required under Articles 8 and 16; 

        (xxvii) The
portion of any costs paid to a party related to Tenant and included in Operating Expenses which is in excess of the amount which would have been paid in the
absence of such relationship; 

        (xxviii) The
costs of acquiring, maintaining, displaying and insuring all sculptures, paintings and other works of art in the Building (other than the costs of maintaining
and insuring the Works of Art); 

        (xxix) Lease
payments for rented equipment, the cost of which equipment if purchased would not be includable in Operating Expenses; 

        (xxx) Income,
franchise, capital stock, transfer, inheritance, estate or gift taxes of Tenant; 

        (xxxi) Investigation,
removal, enclosure or encapsulation of asbestos or other Hazardous Material; 

        (xxxii) All
employee wages, salaries and other labor costs for personnel above the grade of building manager and the portion of employee wages, salaries and other labor
costs attributable to time not spent in connection with the Building or for items excludable from Operating Expenses (it being agreed that items such as vacation time, sick days and such other time
off included in other labor costs shall not be deemed to be "time not spent in connection with the Building" but shall be apportioned in the same manner as wages and salaries); 

        (xxxiii) The
gross negligence, willful misconduct or other tortious conduct of Tenant or any of Tenant's subtenants; 

        (xxxiv) Fines
or penalties, interest or late fees imposed upon Tenant; 

        (xxxv) Advertising
and other promotional expenditures or any signage installed by Tenant in or on the Building; 

        (xxxvi) Tenant
Roof Installations; 

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        (xxxvii) Any
amounts Tenant is required to pay pursuant to any indemnity provision of this Lease; 

        (xxxviii) The
contest of any Legal Requirement if such Legal Requirement applies solely to the Demised Premises; 

        (xxxix) Any
special events (e.g., receptions, concerts); 

        (xl)  Any
violation by Tenant or any of Tenant's subtenants of any other sublease of space in the Building (provided that the foregoing shall not exclude the costs incurred
by Tenant in performing any of Tenant's obligations (such as repairs) under such sublease if such costs arc not otherwise excluded under this Section 35.1); 

        (xli) Tenant's
general corporate overhead and general and administrative expenses; 

        (xlii) All
charitable or political contributions (other than any reasonable fees, dues and other contributions paid by or on behalf of Tenant to real estate organizations
such as the Real Estate Board of New York and BOMA (and their successors) to the extent generally that landlords of First-Class Office Buildings are members thereof or make contributions thereto); 

        (xliii) The
cost of installing, operating and maintaining any specialty service, such as an observatory, broadcasting facilities, luncheon club, athletic or recreational
club; 

        (xliv) The
incremental additional cost of providing services to another occupant of the Building in excess of the services which Tenant is obligated to provide to Landlord
under this Lease at Tenant's expense; and 

        (xlv) Any
takeover lease obligations or lease or sublease obligations assumed by Tenant. 

        (b)   The
term "Operating Year" shall mean the calendar year in which the Effective Date occurs and each succeeding calendar
year thereafter. 

        (c)   The
term "Operating Statement" shall mean a written statement prepared by Tenant or its agent, setting forth Tenant's
computation of the sum payable by Landlord under this Article 35 for a specified Operating Year. 

        (d)   In
determining the amount of Operating Expenses for any Operating Year, if less than all of the Building leasable area shall have been occupied by Tenant, Landlord
and/or subtenant(s) at any time during any such Operating Year, Operating Expenses shall be determined for such Operating Year to be an amount equal to the like expenses which would normally be
expected to be incurred had all such areas (to the extent of ninety-eight percent (98%) of the leasable area of the Building, excluding all Mechanical Space and areas used to provide the services
described in the Shared Services Agreement) been occupied throughout such Operating Year. 

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        Section 35.2.    Landlord
shall pay to Tenant Landlord's Lobby Share (as defined below) of the reasonable costs and expenses incurred by Tenant in connection with
repairing, maintaining and operating and providing cleaning and janitorial services to, and security for, the South Building lobby. "Landlord's Lobby
Share" shall mean (i) for so long as Landlord is using the services described in the Shared Services Agreement, an amount equal to Landlord's Proportionate Share of the
reasonable costs and expenses incurred by Tenant in connection with providing cleaning and janitorial services to, and security for, the South Building lobby, and (ii) in the event that
Landlord is no longer using any of the services described in the Shared Services Agreement, an amount equal to the product of (A) the reasonable costs and expenses incurred by Tenant in
connection with providing cleaning and janitorial services to, and security for, the South Building lobby, multiplied by (B) a fraction, the numerator of which is the leaseable square footage
of the portion of the Landlord Space in the South Building and the denominator of which is the aggregate leaseable square footage in the South Building. 

        Section 35.3.    For
each Operating Year, Landlord shall pay to Tenant an amount (herein called the "Operating Payment")
equal to the sum of Landlord's Lobby Share plus Landlord's Proportionate Share (or Landlord's Amenities Proportionate Share, if applicable) of the Operating Expenses for such Operating Year, 

        Section 35.4.    Tenant
shall furnish to Landlord, prior to the commencement of each Operating Year, a written statement setting forth in reasonable detail Tenant's
reasonable estimate of the Operating Payment for such Operating Year, based upon the method set forth in Section 35.3 for computing the Operating Payment. Commencing on the Effective Date,
Landlord shall pay to Tenant on the first day of each month during such Operating Year an amount equal to one-twelfth (l/12th) of Tenant's reasonable estimate of the Operating Payment for
such Operating Year (or the amount necessary to pay the estimate in full in equal monthly installments prior to the expiration of the then Operating Year). If, however, Tenant shall furnish any such
estimate for an Operating Year subsequent to the thirtieth (30th) day prior to the commencement thereof, then (a) until the first day of the month following the month in which such estimate is
furnished to Landlord, Landlord shall pay to Tenant on the first day of each month an amount equal to the monthly sum payable by Landlord to Tenant under this Section 35.4 in respect of the
last month of the preceding Operating Year; (b) promptly after such estimate is furnished to Landlord, Tenant shall give notice to Landlord stating whether the installments of the Operating
Payment previously made for the Operating Year were greater or less than the installments of the Operating Payment to be made for such Operating Year in accordance with such estimate, and
(i) if there shall be a deficiency, Landlord shall pay the amount thereof within thirty (30) days after demand therefor, and (ii) if there shall have been an overpayment, Tenant
shall, within thirty (30) days of providing Landlord with such estimate, at Landlord's election either refund to Landlord the amount thereof or permit Landlord to credit the amount thereof
against the monthly installments of the Operating Payment payable hereunder; and (c) on the first day of the month commencing at least thirty (30) days subsequent to date on which such
estimate is furnished to Landlord, and monthly thereafter throughout the remainder of such Operating Year, Landlord shall pay to Tenant an amount equal to one-twelfth (l/12th) of the
Operating Payment shown on such estimate. Tenant may, not more than twice during each Operating Year, furnish to Landlord a revised statement of Tenant's estimate of the Operating Payment for such
Operating Year, based upon the method set forth in Section 8.03 for computing the Operating Payment; and in such case, the Operating Payment for such Operating Year shall be 

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adjusted
and paid or refunded, as the case may be, substantially in the same manner as provided in the preceding sentence. 

        Section 35.5.    Within
one hundred twenty (120) days after the end of each Operating Year, Tenant shall furnish to Landlord an Operating Statement for such
Operating Year, based on the method set forth in Section 35.3 for computing the Operating Payment and certified by a reputable independent certified public accountant selected by Tenant, and
reasonably approved by Landlord setting forth in reasonable detail the actual Operating Expenses incurred by Tenant during such Operating Year. If the Operating Statement shall show that the sums paid
by Landlord under Section 35.4 exceeded the Operating
Payment to be paid by Landlord for such Operating Year, Tenant shall promptly at Landlord's election either refund to Landlord the amount of such excess or permit Landlord to credit the amount of such
excess against subsequent payments of the monthly installments of the Operating Payment payable hereunder and if the Operating Statement for such Operating Year shall show that the sums so paid by
Landlord were less than the Operating Payment to be paid by Landlord for such Operating Year, Landlord shall pay the amount of such deficiency within thirty (30) days after demand therefor. If
the Operating Statements shall show that the estimated sums theretofore estimated by Tenant and paid by Landlord for such operating Year exceeded the Operating Payment for such Operating Year by more
than ten (10%) percent, Tenant shall pay to Landlord interest on the excess over ten (10%) percent at the Interest Rate from the end of the applicable Operating Year to which the overpayment relates
to the date such overpayment is refunded or credited. 

        Section 35.6.    Each
Operating Statement given by Tenant pursuant to Section 35.5 shall be conclusive and binding upon Landlord (i) unless within three
(3) months after the receipt of the Operating Statement for the succeeding Operating Year, Landlord shall notify Tenant that it disputes the correctness of the Operating Statement specifying
the particular respects in which the Operating Statement is claimed to be incorrect, and (ii) if such disputes shall not have been settled by agreement within three (3) months after such
notice of dispute, either party may submit the dispute to arbitration in accordance with the provisions of Article 21. Pending the determination of such dispute by agreement or arbitration as
aforesaid, Landlord shall within thirty (30) days after the receipt of such Operating Statement pay installments of the Operating Payment in accordance with Tenant's statement, without
prejudice to Landlord's position. If the dispute shall be determined in Landlord's favor, Tenant shall forthwith pay to Landlord the amount of Landlord's overpayment resulting from compliance with
Tenant's Operating Statement and interest, if applicable, in accordance with Section 35.5 hereof. 

        Section 35.7.    If
an Operating Year commences before the Effective Date or ends after the expiration or termination of this Lease, the amounts payable under this
Article shall be appropriately prorated. 

        Section 35.8.    The
failure of Tenant to render an Operating Statement for any Operating Year shall not prejudice Tenant's right, or relieve Tenant of the obligation,
to thereafter render such Operating Statement or relieve or release Landlord from any obligation to pay Landlord's Proportionate Share (or Landlord's Amenities Proportionate Share, if applicable) of
Operating Expenses for any Operating Year, but, if Tenant shall fail to render an Operating Statement for any year by June 30 of the succeeding calendar year, Landlord may cease to pay, 

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until
such Operating Statement is rendered, estimated installments of Landlord's Operating Payment. Further, Tenant shall be precluded from adjusting any Operating Statement to increase the costs
included within Landlord's Proportionate Share (or Landlord's Amenities Proportionate Share, if applicable) of Operating Expenses subsequent to the date (the
"Cut-Off Date") that is thirty-six (36) months subsequent to the expiration of the Operating Year to which the applicable
Operating Statement relates, but nothing shall preclude or prevent Tenant from furnishing Landlord with corrections or adjustments to any Operating Statement for any applicable Operating Year prior to
the applicable Cut-Off Date. 

        Section 35.9.    Landlord,
upon reasonable notice, may (but only with its authorized employees or with a firm of reputable independent certified public accountants
selected by Landlord) elect to examine such of Tenant's books and records with respect to the applicable Operating Statement (collectively, "Records")
as are directly relevant to any disputed amount included in the Operating Statement in question. In making such examination, Landlord shall, and shall cause its officers, employees and accountants to,
keep confidential any and all information contained in the Records. 

        Section 35.10.    (a) During
any period of time that Landlord is using the Cafeteria, Landlord shall also pay to Tenant an amount ("Tax
Payment") equal to the excess, if any, of (a) Landlord's Amenities Proportionate Share of Impositions for the relevant Tax Year over (ii) Landlord's Proportionate
Share of Impositions for such Tax Year, 

        (b)   At
least thirty (30) days prior to the due date of the payment of Impositions to the taxing authority, Tenant shall render to Landlord a statement
("Tax Statement") showing the amount of the Tax Payment, which Tax Statement shall be accompanied by a copy of the real estate tax bill (if theretofore
received by Tenant). Landlord shall pay to Tenant, in two (2) equal installments, in advance, on June 1st and December 1st of each year, the Tax Payment shown in such Tax
Statement; provided, however, that if Tenant shall render any Tax Statement less than thirty (30) days prior to the date on which an installment of the Tax Payment is due, then such payment
shall be due thirty (30) days after the date on which Tenant shall have delivered such Tax Statement. If Impositions are required to be paid on any other date or dates than as presently
required by the governmental authority imposing the same, then the due date of the installments of the Tax Payment shall be correspondingly accelerated or revised so that the Tax Payment (or the two
(2) installments thereof) is due thirty (30) days prior to the date the corresponding payment is due to the governmental authority. If the Tax Year established by the applicable
governmental authority shall be changed, any Taxes for the Tax Year prior to such change which are included within the new Tax Year and which were the subject of a prior Tax Statement shall be
apportioned for the purpose of calculating the Tax Payment payable with respect to such new Tax Year. If it becomes necessary to adjust the regular payments during a Tax Year, Tenant agrees to give
Landlord not less than twenty (20) days notice of such adjustment, which notice shall include appropriate copies of documentation serving as the basis for such adjustment. 

        (c)   If
Tenant shall receive a refund of Impositions for any Tax Year for which Landlord has made its Tax Payments, Tenant shall either, at Landlord's election, pay to
Landlord, or permit Landlord to credit against subsequent Tax Payments payable hereunder, an amount equal to the product of (i) such net refund (after deducting from such total refund the 

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costs
and expenses, including, but not limited to, appraisal, accounting and legal fees incurred or expended in obtaining the same) and to the extent Tenant actually receives the same, interest
thereon, multiplied by (ii) a fraction, the numerator of which is the amount of Landlord's Tax Payment for such Tax Year and the denominator of which is the total Impositions paid for such Tax
Year (without taking into account such refund). In no event shall such payment or credit exceed Landlord's Tax Payment paid for such Tax Year. Such payment or credit shall be made within sixty
(60) days following receipt of such refund by Tenant. 

        (d)   If
a Tax Year commences before the Effective Date or ends after the termination of this Lease, the Tax Payment thereof shall be pro-rated to correspond to
that portion of such Tax Year occurring within the Term. 

        Section 35.11.    The
provisions of this Article 35 shall survive the termination of this Lease as to all amounts due Tenant or Landlord accruing on or before the
date of such termination, including all disputed items as well as the payments due for the last Operating Year, or portion thereof, falling within the Term. Within one hundred fifty (150) days
following such termination, Tenant shall render to Landlord a preliminary uncertified Operating Statement, and Tenant and Landlord shall, subject to year-end adjustments, preliminarily
adjust the amount due Tenant or Landlord, as the case may be, for such last year or portion thereof and the party owing any portion of the same to the other shall promptly pay the same. Tenant shall
issue a final Operating Statement for such last year or portion thereof on or before April 30 of the succeeding calendar year, and all amounts due Tenant or Landlord based thereon shall be
adjusted between the parties. 

        Section 35.12.    Landlord
acknowledges that prior to the date hereof Tenant has not operated the Building at a higher standard than that being provided to Tenant on
February 22, 2001 pursuant to that certain Agreement of Lease dated September 10, 1997 between Landlord, as landlord, and Credit Suisse First Boston Corporation, as tenant, for the
13th floor at 11 Madison Avenue, New York, New York. 

ARTICLE 36  

 TENANT'S INABILITY TO PROVIDE SERVICES  

        Section 36.1.    If
by reason of an Unavoidable Delay, Tenant shall be unable to fulfill its obligations under Articles 34 or 37 during the Term, this Lease and any
obligation hereunder, including the obligation to make any monetary payment, shall in no wise be affected, impaired or excused (except as provided in Section 36.2 below); provided however, that
as soon as Tenant shall learn of the happening of any of the foregoing conditions, Tenant shall promptly notify Landlord of such event and, if ascertainable, its estimated duration and will proceed
promptly and diligently with the fulfillment of its obligations as soon as reasonably possible. 

        Section 36.2.    The
foregoing provisions of this Section 36.1 notwithstanding, if for any reason whatsoever, Tenant shall fail to provide any service required to
be provided by Tenant to the Landlord Space under this Lease or if Tenant shall fail to perform any repair and maintenance and if, as a result of Tenant's failure to provide all or any of said
services, the Landlord Space is rendered Wholly Untenantable or Partially Untenantable (as such terms are 

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hereinafter
defined) for more than five (5) consecutive Business Days after written notice of the existence of which condition has been given by Landlord to Tenant or any six
(6) Business Days in a ten (10) day period, Landlord, as its sole right and remedy, shall be entitled to an abatement of Operating Payments, Tax Payments and Electricity Submeter Charges
(on a per square foot basis) for each day after said five (5) day period or the seventh (7th) day in any ten (10) day period until the Landlord Space or the applicable portion thereof
cease to be Wholly Untenantable or Partially Untenantable, as the case may be. For the purposes of this Article 36 "Wholly Untenantable" shall
mean that Landlord Parties, due to the cessation of one or more of the services required to be provided by Tenant are actually unable to use the entire Landlord Space in the normal course of business
and that Landlord Parties, due to the cessation of such services required to be provided by Tenant hereunder, completely cease to occupy the same for the conduct of its business, and
"Partially Untenantable" shall mean that any of the Landlord Parties, due to the cessation of one or more of the services required to be provided by
Tenant hereunder, is actually unable to use a portion of the Landlord Space in the normal course of its business and such Landlord Party, due to the cessation of such services, ceases to occupy the
same for the conduct of its business. 

ARTICLE 37  

 ELECTRIC  

        Section 37.1.    Submetered
Electricity for Landlord Space. 

        (a)   Tenant
shall provide electric energy to the Landlord Space in accordance with the provisions of this Article 37. Landlord shall pay to Tenant, in consideration of
the furnishing of such electric energy to the Landlord Space, during the Term, an amount (the "Electricity Submeter Charge") equal to (x) the
amount Tenant actually pays to the utility company to provide electricity to the Landlord Space, or the applicable portion thereof, including all applicable surcharges, demand charges,
time-of-day charges, energy charges, fuel adjustment charges, rate adjustment charges, taxes and other sums payable in respect thereof based on Landlord's demand and/or
consumption of electricity (and/or any other method of quantifying Landlord's use of or demand for electricity as set forth in the utility company's tariff) as registered on a meter or submeter for
purposes of measuring such demand, consumption and/or other method of quantifying Landlord's use of, or demand for, electricity (it being agreed that such meter or submeter shall measure demand and
consumption, and off-peak and on-peak use, in either case to the extent such factors are relevant in making the determination of Tenant's cost) plus (y) an amount equal
to the out-of-pocket costs and expenses incurred by Tenant in connection with reading such meters and preparing the bills therefor. Landlord, from time to time, shall have the
right to review Tenant's meter readings, and Tenant's calculation of the Electricity Submeter Charge, at reasonable times and on reasonable prior notice, by giving notice thereof to Tenant. Any
disputes with respect to such readings shall be resolved by arbitration in accordance with Article 21. Said charge shall be payable on the first day of every calendar month during the
applicable period and shall be pro-rated with respect to any partial month. 

        (b)   Where
more than one meter measures the electricity supplied by Tenant to the Landlord Space, the electricity rendered through each meter shall be aggregated and computed
and billed in accordance with the provisions hereinabove set forth. Bills for the 

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Electricity
Submeter Charge shall be rendered to Landlord at such time as Tenant may elect, but no more frequently than monthly, and Landlord shall pay the amount shown thereon to Tenant within
thirty (30) days after receipt of such bill. All submeters shall be read by an electrical consultant retained by Tenant or an energy management system in the Building installed by Tenant. Any
disputes with respect to such readings shall be resolved by arbitration in accordance with Article 21. Landlord may install a totalizer in connection with the submeters measuring Landlord's
electricity. 

        (c)   Notwithstanding
anything to the contrary in this Lease, in no event shall (i) the Electricity Submeter Charge reflect any discount available through the New York
City Public Utility Service or Consolidated Edison due to the IDA benefits available to Tenant or (ii) Tenant obtain the benefit of any discount available through the New York City Public
Utility Service or Consolidated Edison due to the IDA benefits available to Landlord. 

        Section 37.2.    Use of Electricity.    Subject to the provisions of this Article 37, Tenant shall
furnish a demand electric load to the electrical closets servicing the Landlord Space of six (6) watts per useable square foot in the Landlord Space (exclusive of base Building HVAC).
Landlord's use of electricity in the Landlord Space shall not at any time exceed the capacity of any of the electrical conductors, machinery and equipment in or otherwise servicing the Landlord Space.
All additional risers or other equipment required to supply Landlord's electrical requirements (in excess of the electrical load specified in this Section 37.2) shall be provided by Landlord. 

        Section 37.3.    Interruption of Electric Service.    Subject to the provisions of Section 36.2 hereof,
Tenant shall not be liable in any way to Landlord for any failure or defect in the supply or character of electricity, steam or other utilities furnished to the Landlord Space by reason of any
requirement, act or omission of the public utility serving the Building with electricity or steam or for any other reason unless that same shall be attributable to the negligence or willful misconduct
of Tenant or its agents, employees, contractors or representatives or anyone claiming under or through Tenant. 

ARTICLE 38  

 ALTERATIONS AND INSTALLATIONS BY LANDLORD  

        Section 38.1.    (a) In
consideration of Tenant operating and maintaining the Building and providing the Services, Landlord agrees that Landlord shall not make
any Material Alteration (as defined below) without Tenant's prior written consent, which consent by Tenant shall not be unreasonably withheld, conditioned or delayed. Landlord further agrees that
Landlord shall not make, without Tenant's consent, any Alterations to the portion of the South Building lobby within the Landlord Space. If Landlord disputes the reasonableness of Tenant's withholding
of consent to any Material Alteration or to the Landlord's Plans therefor, such dispute will be resolved by arbitration in accordance with Article 21 and the determination of the arbitrators
shall be final and conclusive upon the parties hereto. Except as may otherwise be expressly provided in this Article 38, Landlord has the right to make any alterations, installations, additions
or improvements (collectively, the "Landlord Alterations") in or to the Landlord Space without Tenant's prior written consent. Landlord Alterations
which may unreasonably 

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interfere
with the use and enjoyment by other occupants of the Building of such occupant's space (such as, for example, core drilling) shall be done at times other than during Business Hours. 

        (b)   Prior
to making any Material Alterations, Landlord shall submit to Tenant complete plans and specifications ("Landlord's
Plans") for such proposed Material Alterations. Notwithstanding the foregoing, Landlord shall not be required to submit Landlord's Plans (i) for which no plans are
required to be filed with the New York City Buildings Department (or any other governmental body), and (ii) with respect to which the preparation of such plans is not customary in accordance
with good construction practice, but in such event, Landlord shall, at least five (5) days in advance of Landlord's commencing any Material Alterations, nevertheless notify Tenant of such
Material Alterations, which notification shall include a description, in reasonable detail, of the proposed alteration. 

        (c)   Landlord
Alterations are "Material Alterations" if either such Landlord Alterations or the construction thereof: 

        (i)    will
affect the structural integrity of the Building or any of its exterior walls, roof, supporting beams, columns, floor slabs or foundations; or 

        (ii)   will
affect the outside appearance of the Building or be visible from the ground anywhere outside the Building (excluding Landlord's signage, which shall not be deemed
to be a Material Alteration); or 

        (iii)  will
(y) affect the Building Systems other than the distribution portions of those systems located within the Landlord Space and exclusively serving, and which
effect is confined to, the Landlord Space (for the consequences of which effect obtain on the Landlord Space Tenant shall have no responsibility hereunder) or (z) increase Tenant's costs of
providing Building services (unless Landlord expressly agrees in writing to reimburse Tenant for such increases in costs on such basis as shall be reasonably acceptable to Tenant and Landlord, in
which case such Landlord Alteration shall not be deemed a Material Alteration); or 

        (iv)  will
result in a change to, or revocation, suspension or loss of, the certificate of occupancy or any other permit or license for operating and using any portion of the
Building, unless only Landlord's occupancy would be affected thereby, in which event such Landlord Alterations shall not be deemed as falling within the definition of the term Material Alterations
solely by virtue of such effect and Landlord shall obtain, at Landlord's sole cost and expense, said certificate of occupancy or permits upon completion of the Landlord Alterations; 

        (v)   will
involve or alter the use of the Building's fire exits and stairwells for ingress and egress to the Landlord Space; or 

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        (vi)  will
involve plumbing over the Tenant's approximately 25,000 square foot data center unless (A) such plumbing is already in existence or (B) Landlord
agrees to pay for the cost of waterproofing or other protective measures to prevent the possibility of water penetration into the data center. 

        (d)   Within
fifteen (15) Business Days after Landlord submits Landlord's Plans to Tenant, Tenant shall notify Landlord whether or not Tenant consents to such Material
Alterations. Any withholding of Tenant's consent shall include a written explanation of the grounds therefor in reasonable detail which specifically references the specific aspects of Landlord's Plans
which are unacceptable. Successive submissions of Landlord's Plans may be made by Landlord to Tenant based upon a disapproval of a prior submission or Landlord's desire to change Landlord's Plans
which have been previously approved by Tenant, which changes would require Tenant's reapproval in accordance herewith. The foregoing mechanism for submission, objection and approval of Landlord's
Plans shall apply to each submission and each resubmission of Landlord's Plans (and any changes thereto requiring Tenant's reapproval) with respect to any Material Alterations. If Tenant shall approve
elements of Landlord's Plans that can, in accordance with good engineering and construction practice, be constructed independent of any portion of Landlord's Plans that were not approved by Tenant and
which may be completed without any adverse affect to the items referred to in clauses (i) through (iii) of Section 38.1(c) of this Lease and do not involve the use of the items
referred to in clause (v) of said Section 38.1(c), Landlord shall, subject to the terms, conditions and provisions of this Article 38, have the right, at its sole risk, cost and
expense, to construct those elements so approved by Tenant. If Tenant fails to furnish Landlord with such written explanation within fifteen (15) Business Day's period, Landlord may, at its
option, serve Tenant with a notice in accordance with Article 24 of the Net Lease, which notice to be effective must make specific reference to this Section 38.l(c) and set forth in bold
upper case type that "TENANT'S FAILURE TO RESPOND TO LANDLORD'S PRIOR SUBMISSION OF LANDLORD'S PLANS WITHIN FIFTEEN (15) BUSINESS DAYS OF TENANT'S RECEIPT OF THE NOTICE
SHALL BE DEEMED AN APPROVAL OF THE PROPOSED MATERIAL ALTERATIONS", and if Tenant does not furnish Landlord with its disapproval or withholding of consent with an explanation of
the grounds therefor in reasonable detail which specifically references the specific aspects of Landlord's Plans which are unacceptable within fifteen (15) Business Days after Tenant's receipt
of the notice, Landlord's Plans shall be deemed approved. Pending Tenant's consent (or deemed consent) to Material Alterations, Landlord shall not commence all or any portion of the work for such
Material Alterations. Any Landlord Alteration shall be performed in a manner that reasonably minimizes any interference with or inconvenience to Tenant and/or Tenant's subtenants and shall be
completed with the Plans and Specifications approved by Tenant to the extent required. Upon completion of any Material Alteration for which Landlord's Plans were required to be submitted to Tenant
pursuant to Section 38.1(b), Landlord shall deliver to Tenant three (3) complete sets (mylar and computer digitized in AutoCADD Version 12, or the then current digitized system used by
Tenant, provided such then current system is then generally accepted in the real estate industry in New York City) of final as-built plans (or as-built plans or final
construction plans with field notes marked) for such Material Alteration. In addition, if Landlord is not otherwise required to deliver such as-built plans but has actually prepared plans
showing as-built conditions, Landlord shall deliver the same to Tenant promptly upon completion thereof. 

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        Section 38.2.    (a) All
Landlord Alterations shall at all times comply with all Legal Requirements, Insurance Requirements and Permitted Encumbrances. Landlord,
at its expense, shall (i) obtain all necessary municipal and other governmental permits, licenses, authorizations, approvals and certificates for the commencement and prosecution of such
Landlord Alterations and for final approval thereof upon completion, (ii) obtain all insurance certificates with respect to insurance, if any, which Landlord is required to carry during
performance of work leading to, and through, the completion of the Landlord Alterations and (iii) deliver three (3) copies of such insurance certificates to Tenant prior to commencing
the construction of the Landlord Alterations in question. If Landlord's execution alone would not be sufficient to obtain the following, Tenant shall promptly execute and deliver (or cause to be
executed and delivered), all factually correct and lawful applications and consents required by Legal
Requirements and/or Insurance Requirements to be filed in order to enable Landlord to obtain the permits, authorizations, licenses, approvals and certificates referred to in clause (i) of this
paragraph (a) of Section 38.2, and will otherwise reasonably cooperate, with Landlord and take actions reasonably requested by Landlord in order to obtain the same, provided Tenant
thereby incurs no expense which is not reimbursed by Landlord and no liability related to the Landlord Alterations proposed by Landlord or the documents requested by Landlord to be executed by Tenant,
unless in each event Landlord has agreed to indemnify Tenant in respect thereof to Tenant's reasonable satisfaction. 

        (b)   All
work leading to, and through, the completion of all Landlord Alterations shall be performed so as not to unreasonably interfere with the occupancy of Tenant (or any
other occupant or tenant) or materially delay Tenant in the construction, maintenance, cleaning, repair, safety, management, security or operation of the Building or the Building's systems. If any
additional out-of-pocket expenses shall be incurred or paid for by Tenant as a direct result of Landlord's performance under this Article 38, Landlord shall pay such
additional out-of-pocket expenses to Tenant within thirty (30) days after demand. 

        (c)   Throughout
the making of all Landlord Alterations, Landlord, at its expense, shall carry or cause to be carried the insurance coverages required to be carried pursuant
to Article 7. Landlord shall furnish Tenant with satisfactory evidence that such insurance is in effect before the commencement of such Landlord Alterations and, on request, at reasonable
intervals thereafter. 

        (d)   Landlord,
at its expense, shall promptly procure the cancellation or discharge of all notices of violations of Legal Requirements arising from or related to Landlord
Alterations, but nothing contained herein or elsewhere in this Lease shall be, or be deemed to be, an acquiescence or consent by Tenant to the existence or continuation of any such violation or
relieve or release Landlord from its obligations under this Article. 

        (e)   Landlord
shall promptly pay the cost of such Landlord Alterations to the extent due and payable to the contractors and suppliers performing the same, but the failure to
do so shall not be a default hereunder. Notice is hereby given that neither Tenant, Tenant's agents, or any other party claiming by, through or under Tenant or Tenant's agents shall be liable for any
labor or materials furnished or to be furnished to Landlord upon credit, and that no mechanics' or other lien for such labor or materials shall attach to or affect any estate or interest of Tenant. 

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        (f)    Landlord
shall have the right, either directly or indirectly, to employ or permit the employment of any contractor, mechanic, supplier, vendor, materialman or laborer in
the Landlord Space so long as the employment or use of such contractor, mechanic, supplier, vendor, materialman or laborer would not violate Tenant's union contracts or Tenant's contractors' (or their
subcontractors') union contracts affecting the Building, or create any jurisdictional dispute with other contractors, mechanics, suppliers, vendors, materialmen or laborers engaged by Tenant or the
agents of Tenant, it being understood and agreed that it shall be deemed reasonable for Tenant to rely on the written advice of its counsel in the determination of any of the foregoing. Subject to
Landlord furnishing Tenant with a reasonably acceptable confidentiality agreement, a copy of such advice will be forwarded to Landlord promptly following Landlord's written request therefor. 

        (g)   Tenant's
review of, approval of, or consent to, Landlord's Plans shall not be deemed to be an agreement, warranty or representation by Tenant that the contemplated
Material Alterations are fit for their intended use or comply with any Legal Requirements or Insurance Requirements or the certificate of occupancy for the Building nor shall same be deemed a waiver
by Tenant of compliance by Landlord with any of the terms, provisions, covenants, conditions and agreements of this Lease a warranty or representation as to the adequacy, correctness or efficiency
thereof. 

        (h)   Landlord
shall pay to Tenant within thirty (30) days after demand Tenant's reasonable out-of-pocket costs and expenses (including the fees
of any architect or engineer employed or retained by Tenant for such purpose, but excluding any "in-house" charge or attribution of overhead or supervision costs for services rendered or
provided by Tenant's employees in connection with the same) for reviewing Landlord's Plans for Material Alterations. 

        Section 38.3.    Landlord
acknowledges that it understands that since Tenant is operating and maintaining the Building and providing the Services, Tenant shall have the
right to adopt and thereafter modify, from time to time, reasonable general guidelines for the Building covering construction, maintenance, repair or other work. Landlord agrees that all repairs,
renovations, alterations, installations, additions and Landlord Alterations and other activities within the scope of the general guidelines for the Building (including, without limitation, fire
protection, life safety, plumbing, HVAC, mechanical, electrical and communications systems) effected by or on behalf of Landlord in the Landlord Space shall be conducted in accordance with and
pursuant to the aforesaid guidelines (as same may be reasonably amended by Tenant from time to time), as well as any applicable governmental requirements and regulations. Landlord agrees that it is
its responsibility to ensure that Landlord and those working for Landlord comply with the aforesaid guidelines as well as any other applicable governmental requirements and regulations. Tenant shall
(a) not enforce against Landlord any of the general guidelines which Tenant is not then enforcing against all the other occupants of the Building and observing itself; (b) not
unreasonably withhold or delay its consent from Landlord for any approval required under the general guidelines; and (c) exercise its judgment in good faith in any instance providing for the
exercise of its judgment in the general guidelines. In the case of any conflict or inconsistency between the provisions of this Lease and any of the general guidelines, the provisions of this Lease
shall control. If Landlord disputes the reasonableness of any additional rule or regulation hereafter adopted by Tenant, the dispute shall be determined by arbitration in accordance with
Article 21 and, to the extent and for the duration that Landlord disputes the same, Landlord shall 

126

 

not
be deemed to be in default under this Lease as a result of a failure to comply with the same, unless the failure to comply with the same shall result in a violation of Legal Requirements,
Insurance Requirements, or any mortgage or ground lease to which this Lease is subordinate. Any such determination shall be final and conclusive upon the parties hereto. The right to dispute the
reasonableness of any additional rule or regulation upon Landlord's part shall be deemed waived unless the same shall be asserted by service of a notice upon Tenant within thirty (30) days
after receipt by Landlord of notice of the adoption of any such additional rule or regulation. 

ARTICLE 39  

 LANDLORD'S FAILURE TO COMPLY  

        Section 39.1.    If
Landlord shall fail to make any payment due to Tenant pursuant to Articles 34 through 38 when due for a period of five (5) days after such
payment shall have become due, Landlord shall pay interest thereon at a rate equal to the Interest Rate from the date when such payment shall have become due to the date of the payment thereof. 

        Section 39.2.    If
Landlord fails to pay any amount due to Tenant pursuant to Articles 34 through 38 on the due date and such failure continues for fifteen
(15) days after notice from Tenant to Landlord of the failure to pay the same ("Landlord Monetary Default") or if Landlord shall default in the
observance or performance of any other term, agreements, covenant, provision or condition of Articles 34 through 38 on Landlord's part to be observed or performed and if Landlord shall have failed to
comply with or remedy any such default within thirty (30) days after notice thereof from Tenant (or if the said default or omission complained of shall be of a nature that the same cannot be
completely cured or remedied within thirty (30) day period, and if Landlord shall not have diligently commenced curing such default within such thirty (30) day period, and if Landlord
shall not thereafter with reasonable diligence and in good faith proceed to remedy or cure such default) ("Landlord Non-Monetary Default")
or if there shall be any material default by Landlord under the Shared Services Agreement and if Landlord shall have failed to comply with or remedy any such default within sixty (60) days
after notice thereof from Tenant (or if the said default or omission complained of shall be of a nature that the same cannot be completely cured or remedied within said sixty (60) day period,
and if Landlord shall not have diligently commenced curing such default within such sixty (60) day period, and if Landlord shall not thereafter with reasonable diligence and in good faith
proceed to remedy or cure such default) ("Landlord Shared Services Default"), Tenant may, at its option, serve a second written notice
("Second Landlord Default Notice") upon Landlord, which such notice shall specifically refer to this Section 39.2 and shall state in bold,
uppercase type on the first page thereof: FAILURE TO CURE THE DEFAULT DESCRIBED HEREIN WITHIN TWO DAYS FROM THE DATE HEREOF IN THE CASE OF A MONETARY DEFAULT OR FIVE DAYS FROM
THE DATE HEREOF IN THE CASE OF A NON-MONETARY DEFAULT OR SHARED SERVICES DEFAULT SHALL RESULT IN A TERMINATION OF TENANT'S OBLIGATIONS TO PROVIDE THE SERVICES AND UTILITIES SET FORTH IN
ARTICLES 34 THROUGH 38 OF THE AMENDED AND RESTATED LEASE AT ONE MADISON AVENUE.

        Section 39.3.    In
the event that Landlord fails to cure any Landlord Monetary Default within two (2) days from receipt of the Second Default Notice, any
Landlord Non- 

127

 

Monetary
Default within five (5) days from receipt of the Second Default Notice, and/or any Landlord Shared Services Default within five (5) days from receipt of the Second Default
Notice, Tenant may, at its option, serve a written five (5) days' notice upon Landlord, and upon the expiration of said five (5) days, Tenant shall have no further obligation to provide
any of the services and/or utilities set forth in Articles 34 through 38 hereof. 

        Section 39.4.    Tenant
acknowledges that Tenant shall not have the right to terminate this Lease upon the occurrence of a Landlord Monetary Default, a Landlord
Non-Monetary Default or a Landlord Shared Services Default. Tenant further acknowledges that, except as provided in Section 39.5, Tenant shall not have the right to offset any
amounts owed by Landlord to Tenant pursuant to the Shared Services Agreement or Articles 34 through 38 hereof against any Rent payable by Tenant. 

        Section 39.5.    In
the event Landlord fails to pay Tenant any amounts owed by Landlord to Tenant pursuant to Articles 4 and 5 of the Shared Services Agreement or
Articles 34 through 38 hereof within such sixty (60) days after the date when due, Tenant shall be entitled to offset such amounts owed against the next installment(s) of Rent due hereunder,
provided, however, that if Landlord shall have delivered to Tenant a notice disputing any of such amounts within such sixty (60) day period, Tenant shall not have the right to offset with
respect to such disputed amounts. 

128

 

        IN
WITNESS WHEREOF, the parties hereto have duly executed this instrument. 

	 	 	METROPOLITAN LIFE INSURANCE COMPANY,

Landlord
	

 	
 	

By:	

/s/  KATHRYN L. CAMPBELL      
 Kathryn L. Campbell, Director
	

 	
 	
CREDIT SUISSE FIRST BOSTON (USA), INC.,

Tenant
	

 	
 	

By:	

/s/  ANDREW B. FEDERBUSCH      
 Andrew B. Federbusch, Managing Director

129

QuickLinks

Exhibit 10.12

AMENDED AND RESTATED LEASEQuickLinks
 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 10.19    
    

THIS
WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS AND MUST BE HELD
INDEFINITELY UNLESS SUBSEQUENTLY REGISTERED UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR DISPOSED OF PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS. 

WARRANT  

	Company:	 	Digital Theater Systems, Inc.,

a Delaware corporation
	

Number of Shares:	
 	

13,117 Shares of Common Stock, subject to adjustment
	

Class of Stock:	
 	

Common Stock
	

Initial Exercise Price:	
 	

$4.038 per share
	

Original Issue Date:	
 	

October 24, 1997
	

Expiration Date:	
 	

Five (5) years after the date that all Obligations under the Loan Agreement have been paid in full and all obligations of the Bank under the Loan Agreement have been terminated

        FOR
VALUE RECEIVED, the adequacy and receipt of which is hereby acknowledged, DIGITAL THEATER SYSTEMS, INC., a Delaware corporation, hereby certifies that Comerica Incorporated, a
Delaware corporation and successor by merger to Imperial Bancorp, an assignee of Imperial Bank, and its successors and assigns, are entitled to purchase from the Company, subject to adjustment as
provided in Section 6 hereof, Thirteen Thousand One Hundred Seventeen (13,117) fully paid and nonassessable shares of the Company's Common Stock at any time and from time to time on and after
the Original Issue Date until 12:00 midnight California local time on the Expiration Date at an initial exercise price equal to $4.038 per share of Common Stock on the terms and conditions hereinafter
set forth. This Warrant is issued February 27, 2004 (the "Replacement Issue Date") as a replacement warrant in connection with the partial exercise of the Original Warrant on
November 19, 2003. The Exercise Price and the number of shares of Common Stock purchasable pursuant to this Warrant have been appropriately adjusted for all stock splits and reverse stock
splits affecting the Common Stock from the Original Issue Date through the Replacement Issue Date. 

        The
number of such shares of Common Stock and the Exercise Price are subject to adjustment as provided in this Warrant. Anything contained in this Warrant to the contrary
notwithstanding, the number of shares of Common Stock which may be issued upon exercise of this Warrant by any Regulated Warrantholder shall never exceed such amount (the "Maximum Amount") as may be
permitted under the Bank Holding Company Act, or any successor statute, or under any other federal or state banking laws or regulations to which such Regulated Warrantholder may be subject at the time
of such exercise. If the number of shares of Common Stock which may be issued upon exercise of this Warrant exceeds the Maximum Amount, the number of shares of Common Stock into which this Warrant may
be exercised will be reduced to the Maximum Amount and the Company will pay to Comerica by check or in cash such amount that equals the Exercise Price multiplied by the number of shares of Common
Stock by which the Warrant is reduced pursuant to this Paragraph. 

        1.    Certain Definitions.    As used in this Warrant, the following terms have the following definitions: 

        "Additional Shares of Common Stock" means all shares of Common Stock issued or issuable by the Company after the date of this Warrant. 

 

        "Bank" means Comerica Bank, a Michigan banking corporation and successor by merger to Comerica Bank-California, successor by
merger to Imperial Bank, and its successors and assigns. 

        "Common Stock" means the Company's Common Stock, $.0001 par value, and includes any common stock of the Company of any class or classes
resulting from any reclassification or reclassifications thereof which is not limited to a fixed sum or percentage of par value in respect of the rights of the holders thereof to participate in
dividends and in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Company. 

        "Comerica" means Comerica Incorporated, a Delaware corporation and successor by merger to Imperial Bancorp, an assignee of Imperial Bank. 

        "Company" means Digital Theater Systems, Inc., a Delaware corporation. 

        "Convertible Securities" means evidence of indebtedness, shares of stock or other securities which are at any time directly or indirectly
convertible into or exchangeable for Additional Shares of Common Stock. 

        "Current Market Price" of a share of Common Stock or of any other security as of a relevant date means: (i) the Fair Value thereof
as determined in accordance with clause (ii) of the definition of Fair Value with respect to Common Stock or any other security that is not listed on a national securities exchange or traded on
the over-the-counter market or quoted on NASDAQ, and (ii) the average of the daily closing prices for the ten (10) trading days before such date (excluding any
trades which are not bona fide arm's length transactions) with respect to Common Stock or any other security that is listed on a national securities exchange or traded on the
over-the-counter market or quoted on NASDAQ. The closing price for each day shall be (i) the last sale price of shares of Common Stock or such other security, regular
way, on such date or, if no such sale takes place on such date, the average of the closing bid and asked prices thereof on such date, in each case as officially reported on the principal national
securities exchange on which the same are then listed or admitted to trading, or (ii) if no shares of Common Stock or if no securities of the same class as such other security are then listed
or admitted to trading on any national securities exchange, the average of the reported closing bid and asked prices thereof on such date in the over-the-counter market as
shown by the National Association of Securities Dealers automated quotation system or, if no shares of Common Stock or if no securities of the same class as such other security are then quoted in such
system, as published by the National Quotation Bureau, Incorporated or any similar successor organization, and in either case as reported by any member firm of the New York Stock Exchange selected by
the Warrantholders. 

        "Entity" means any individual, partnership, company, corporation, limited liability company, trust, estate, unincorporated association,
syndicate, joint venture or unincorporated organization, any government or any department agency or political subdivision thereof, or any other entity. 

        "Equity Securities" means the Company's Common Stock or any other equity or debt security convertible into such Common Stock or any right
or warrant calling for the issuance of Common Stock. 

        "Exchange Act" means the Securities Exchange Act of 1934, and any successor federal statute, and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time. 

        "Excluded Securities" means (i) the Company's warrants to purchase an aggregate of 304,119 shares of Common Stock at $1.06 per
share issuable to Universal City Studios, Inc. and Forth Investments, LLC (collectively "Universal and Spielberg Warrants"), (ii) warrants to purchase an aggregate of 29,718 shares of
the Company's Preferred Stock issued to Hambrecht & Quist, LLC (the "H&Q Warrant"), exercisable at $4.038 per share, (iii) warrants to purchase an aggregate of 2,126,664 shares of Common
Stock at $12.114 per share issued to certain of the Company's Common Stock holders (the "Offering Warrants"), (iv) options to purchase an aggregate of up to 2,071,051 shares of Common Stock
issued or issuable under stock option plans approved by the Company's Board of Directors from time to time 

2

 

(the
"Incentive Stock Options"), (v) an aggregate of 2,971,768 shares of Series A Preferred Stock issued at $4.038 per share (the "Series A Preferred Stock"), (vi) warrants
to purchase an aggregate of up to 2,971,768 shares of Common Stock (the "Purchaser Warrants") exercisable at $0.02 per share, issued in connection with the sale of the Series A Preferred Stock,
(vii) an aggregate of 928,678 shares of the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") issued at $4.038 per share, (viii) warrants to
purchase an aggregate of up to 1,857,355 shares of Common Stock ultimately issued in connection with the sale of the Series B Preferred Stock (the "Series B Warrants"), exercisable at
$0.02 per share, (ix) warrants to purchase up to 32,864 shares of Common Stock at an exercise price of $0.02 per share issued pursuant to a settlement agreement between the Company and one of
its stockholders, and any shares of Common Stock issuable upon exercise thereof, (x) any shares of Common Stock issued upon exercise of the Universal and Spielberg Warrants, the H&Q Warrant,
the Offering Warrants, the Series B Warrants, the Incentive Stock Options or the Purchaser Warrants, (xi) any shares of Common Stock issued upon conversion of the Offered Series A
Preferred Stock or the Series B Preferred Stock and (xii) any shares of Common Stock issued or issuable under the Company's 2003 Equity Incentive Plan, 2003 Employee Stock Purchase Plan
or other equity incentive or stock purchase plans approved by the Company's Board of Directors from time to time." 

        "Exercise Period" means the period commencing on the Original Issue Date and ending at 12:00 midnight California local time on the
Expiration Date. 

        "Exercise Price" means initially $4.038 per share, subject to adjustment as provided in this Warrant. 

        "Expiration Date" means the date that is five (5) years after the date that all "Obligations" under the Loan Agreement have been
paid in full and all obligations of the Bank under the Loan Agreement have been terminated. As used in this definition, the term "Obligations" has the meaning as defined in the Loan Agreement. 

        "Fair Value" means: (i) with respect to a share of Common Stock or any other security, the Current Market Price thereof, and
(ii) with respect to any other property, assets, business or entity, an amount determined in accordance with the following procedure: The Company and the holders of the Warrants and Warrant
Shares, as applicable, shall use their best efforts to mutually agree to a determination of Fair Value within ten (10) days of the date of the event requiring that such a determination be made.
If the Company and such holders are unable to reach agreement within said ten (10) day period, the Company and such holders shall within ten (10) days of the expiration of the ten
(10) day period referred to above each retain a separate independent investment banking firm (which firm shall not be the investment banking firm regularly retained by the Company). If either
the Company or such holders fails to retain such an investment banking firm during such period, then the independent investment banking firm retained by such holders or the Company, as the case may
be, acting alone, shall take the actions outlined below. Such firms shall determine (within thirty (30) days of their being retained) the Fair Value of the security, property, assets, business
or entity, as the case may be, in question and deliver their opinion in writing to the Company and to such holders. If such firms cannot jointly make the determination, then, unless otherwise directed
by agreement of the Company and such holders, such firms, in their sole discretion, shall choose another investment banking firm independent of the Company and such holders, which firm shall make the
determination and render an opinion as promptly as practicable. In either case, the determination so made shall be conclusive and binding on the Company and such holders. The fees and expenses of any
such determination made by any and all such independent investment banking firms shall be paid by the Company. If there is more than one holder of Warrants, and/or Warrant Shares entitled to a
determination of Fair Value in any particular instance, each action to be taken by the holders of such Warrants and/or Warrant Shares under this Section shall be taken by a majority in interest of
such holders and the action taken by such majority (including as to any mutual agreement with the Company with respect to Fair Value and as to any selection of investment banking firms) shall be
binding upon all such holders. In the case of a determination of the Fair Value per share of Common Stock, the 

3

 

Company
and such holders shall not take into consideration, and shall instruct all such investment banking firms not to take into consideration, any premium for shares representing control of the
Company, any discount for any minority interest therein or any restrictions on transfer under applicable federal and state securities laws or otherwise. 

        "Indemnified Party" and "Indemnifying Party" have the meanings set forth in
Section 11(e)(iii). 

        "Loan Agreement" means that certain Revolving Credit Agreement, dated as of the Original Issue Date, as subsequently amended, between the
Company and the Bank. 

        "Other Shares" means at any time those shares of Common Stock which do not constitute Primary Shares or Registrable Stock. 

        "Original Issue Date" means October 24, 1997. 

        "Original Warrant" means the warrant exercisable for 20,000 shares (on a post-split basis) of Common Stock issued to Imperial
Bank on the Original Issue Date. 

        "Primary Shares" means at any time the authorized but unissued shares of Common Stock and shares of Common Stock held by the Company in
its treasury. 

        "Registrable Stock" means: (i) all Warrant Shares which are issuable to the Warrantholders pursuant to the Warrants, whether or not
the Warrants have in fact been exercised and whether or not such Warrant Shares have in fact been issued, (ii) all Warrant Shares acquired by the Warrantholders pursuant to the Warrants,
(iii) any shares of Common Stock, whether or not such shares of Common Stock have in fact been issued, and stock or other securities of the Company issued upon conversion of, in a stock split
or reclassification of, or a stock dividend or other distribution on, or in substitution or exchange for, or otherwise in connection with, such Warrant Shares. For purposes of Section 11, a
Warrantholder of record shall be treated as the record holder of the related Warrant Shares and other securities issuable pursuant to the Warrants. Notwithstanding the foregoing, Warrant Shares shall
cease to be Registrable Stock when (i) they have been registered under the Securities Act, the registration statement in connection therewith has been declared effective and they have been
disposed of pursuant to such effective registration, (ii) they are all eligible to be sold or distributed pursuant to Rule 144 within any consecutive three month period without volume
limitations or (iii) they shall have ceased to be outstanding. 

        "Regulated Warrantholder" means any Warrantholder which is, or the parent of which is, subject to the Bank Holding Company Act, or any
successor statute, or any other federal or state banking laws and regulations. 

        "Replacement Issue Date" has the meaning assigned to such term in the first paragraph of this Warrant. 

        "Securities Act" means the Securities Act of 1933, as amended, or any successor Federal Statue, and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time. 

        "Warrant(s)" means this Warrant and any warrants issued in exchange or replacement of this Warrant or upon transfer hereof. 

        "Warrantholder(s)" means Comerica and its successors and assigns. 

        "Warrant Shares" means shares of Common Stock issuable to Warrantholders pursuant to the Warrants. 

        2.    Exercise of Warrant.    This Warrant may be exercised, in whole or in part, at any time and from time to time
during the Exercise Period by written notice to the Company and upon payment to the 

4

 

Company
of the Exercise Price (subject to adjustment as provided herein) for the shares of Common Stock in respect of which the Warrant is exercised. 

        3.    Form of Payment of Exercise Price.    Anything contained herein to the contrary notwithstanding, at the option
of the Warrantholders, the Exercise Price may be paid in any one or a combination of the following forms: (a) by wire transfer to the Company, (b) by the Warrantholder's check to the
Company, (c) by the cancellation of any indebtedness owed by the Company and/or any subsidiaries of the Company to the Warrantholder, and/or (d) by the surrender to the Company of
Warrants, Warrant Shares, Common Stock and/or other securities of the Company and/or any subsidiaries of the Company having a Fair Value equal to the Exercise Price. 

        4.    Cashless Exercise/Conversion, Appreciation Right.    

        (a)    Cashless Exercise/Conversion.    In lieu of exercising this Warrant as specified in Sections 2 and 3 above, the
Warrantholders may from time to time at the Warrantholders' option convert this Warrant, in whole or in part, into a number of shares of Common Stock of the Company determined by dividing
(A) the aggregate Fair Value of such shares or other securities otherwise issuable upon exercise of this Warrant minus the aggregate Exercise Price of such shares by (B) the Fair Value
of one such share. 

        (b)    Appreciation Right.    If and when the Company has consummated (i) a public offering of its Equity
Securities pursuant to a general form of registration under the Securities Act, (ii) the acquisition of the Company by another Entity by means of any transaction or series or related
transactions (including, without limitation, any reorganization, merger or consolidation) unless the Company's shareholders of record as constituted immediately prior to such acquisition or sale will,
immediately after such acquisition or sale, hold, directly or indirectly, at least fifty percent (50%) of the voting power of the
surviving or acquiring entity, or (iii) the sale of all or substantially all of the assets of the Company, then in lieu of exercising this Warrant as specified in Sections 2 and 3 above, the
Warrantholders may at the Warrantholders' option, require the Company to pay it an amount of cash equal to the Fair Value of the Common Stock issuable upon exercise of this Warrant less the Exercise
Price. Upon the Warrantholders' exercise of this option, the Company shall promptly wire transfer to the Warrantholders such amount in immediately available funds as is required under this
Section 4(b), but in no event later than five (5) business days after the exercise of such option, in immediately available funds. 

        5.    Certificates for Warrant Shares; New Warrant.    The Company agrees that the Warrant Shares shall be deemed to
have been issued to the Warrantholders as the record owner of such Warrant Shares as of the close of business on the date on which payment for such Warrant Shares has been made (or deemed to be made
by conversion) in accordance with the terms of this Warrant. Certificates for the Warrant Shares shall be delivered to the Warrantholders within a reasonable time, not exceeding five (5) days,
after this Warrant has been exercised or converted. A new Warrant representing the number of shares, if any, with respect to which this Warrant remains exercisable also shall be issued to the
Warrantholders within such time so long as this Warrant has been surrendered to the Company at the time of exercise. 

        6.    Adjustment of Exercise Price, Number of Shares and Nature of Securities Issuable Upon Exercise of Warrants.    

        (a)    Exercise Price: Adjustment of Number of shares.    The Exercise Price shall be subject to adjustment from time
to time as hereinafter provided. Upon each adjustment of the Exercise Price, the Warrantholders shall thereafter be entitled to purchase, at the Exercise Price resulting from such adjustment, a number
of shares determined by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares purchasable pursuant hereto 

5

 

immediately
prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment. 

        (b)    Adjustment of Exercise Price Upon Issuance of Common Stock.    If and whenever after the date hereof the
Company shall issue or sell Additional Shares of Common Stock (other than Excluded Securities) without consideration or for a consideration per share less than the Current Market Price or the Exercise
Price then in effect immediately prior to the issuance or sale of such shares, then the Exercise Price in effect immediately prior to such issuance or sale of such shares shall be reduced to the
number equal to the price per share at which such issuance and sale of such shares was effected. 

        No
adjustment of the Exercise Price, however, shall be made in an amount less than $.01 per share, but any such lesser adjustment shall be carried forward and shall be made at the time
and together with
the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to $.01 per share or more. 

        The
provisions of this Section 6(b) shall not apply to any Additional Shares of Common Stock which are distributed to holders of Common Stock pursuant to a stock split for which
an adjustment is provided for under Section 6(f). 

        (c)    Further Provisions for Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock and Convertible
Securities.    For purposes of Section 6(b), the following provisions shall also be applicable: 

          (i)  In
case at any time on or after the date hereof, the Company shall declare any dividend, or authorize any other distribution, upon any stock of the Company of any
class, payable in Additional Shares of Common Stock or by the issuance of Convertible Securities, such declaration or distribution shall be deemed to have been issued or sold (as of the record date)
without consideration and shall thereby cause an adjustment in the Exercise Price as required by Section 6(b) (provided that in no event shall the issuance of Common Stock upon the conversion
of any of the Excluded Securities result in any adjustment pursuant to this Warrant. 

         (ii)  A.
In case at any time on or after the date hereof, the Company shall in any manner issue or sell any Convertible Securities (other than Excluded Securities), whether
or not the rights to exchange or convert thereunder are immediately exercisable, there shall be determined the price per share for which Additional Shares of Common Stock are issuable upon the
conversion or exchange thereof, such determination to be made by dividing (a) the total amount received or receivable by the Company as consideration for the issue or sale of such Convertible
Securities, plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof by (b) the maximum aggregate number of
Additional Shares of Common Stock issuable upon conversion or exchange of all such Convertible Securities for such minimum aggregate amount of additional consideration; and such issue or sale shall be
deemed to be an issue or sale for cash (as of the date of issue or sale of such Convertible Securities) of such maximum number of Additional Shares of Common Stock at the price per share so
determined, and shall thereby cause an adjustment in the Exercise Price, if such an adjustment is required by Section 6(b) hereof. 

        B.    If
such Convertible Securities shall by their terms provide for an increase or increases, with the passage of time, in the amount of additional consideration, if any,
payable to the Company, or in the rate of exchange upon the conversion or exchange thereof, the adjusted Exercise Price shall, upon any such increase becoming effective, be increased to such Exercise
Price as would have been in effect had the adjustments made upon the issuance of such Convertible Securities been made upon the basis of (and the 

6

 

total
consideration received therefor) (a) the issuance of the number of shares of Common Stock theretofore actually delivered upon the exercise of such Convertible Securities, (b) the
issuance of all Common Stock, all Convertible Securities and all rights and options to purchase Common Stock issued after the issuance of such Convertible Securities, and (c) the original
issuance at the time of such change of any such Convertible Securities then still outstanding; provided,  however, that any such increase or increases shall
not exceed, in the aggregate, the amount of the original reduction of the Exercise Price attributable
to the Convertible Securities. 

        C.    If
any rights of conversion or exchange evidenced by such Convertible Securities shall expire without having been exercised, the adjusted Exercise Price shall forthwith
be readjusted to such Exercise Price as would have been in effect had an adjustment with respect to such Convertible Securities been made on the basis that the only Additional Shares of Common Stock
issued or sold were those issued upon the conversion or exchange of such Convertible Securities, and that they were issued or sold for the consideration actually received by the Company upon such
exercise, plus the consideration, if any, actually received by the Company for the granting of such Convertible Securities. 

        (iii)  A.    In
case at any time on or after the date hereof, the Company shall in any manner grant or issue any rights or options to subscribe for, purchase or
otherwise acquire Additional Shares of Common Stock (other than Excluded Securities), whether or not such rights or options are immediately exercisable, there shall be determined the price per share
for which Additional Shares of Common Stock are issuable upon the exercise of such rights or options, such determination to be made by dividing (a) the total amount, if any, received or
receivable by the Company as consideration for the granting of such rights or options, plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise
of such rights or options if the maximum number of Additional Shares were issued pursuant to such fights or options for such minimum aggregate amount of additional consideration, by (b) the
maximum number of Additional Shares of Common Stock of the Company issuable upon the exercise of all such rights or options for such minimum aggregate amount of additional consideration; and the
granting of such rights or options shall be deemed to be an issue or sale for cash (as of the date of the granting of such rights or options) of such maximum number of Additional Shares of Common
Stock at the price per share so determined, and shall thereby cause an adjustment in the Exercise Price, if such an adjustment is required by Section 6(b) hereof. 

        B.    If
such rights or options shall by their terms provide for an increase or increases, with passage of time, in the amount of additional consideration payable to the
Company upon the exercise thereof, the adjusted Exercise Price shall, upon any such increases becoming effective, be increased to such Exercise Price as would have been in effect had the adjustments
made upon the issuance of such rights or options been made upon the basis of (and the total consideration received therefor) (a) the issuance of
the number of shares of Common Stock theretofore actually delivered upon the exercise of such rights or options, (b) the issuance of all Common Stock, all rights and options and all Convertible
Securities issued after the issuance of such rights and options, and (c) the original issuance at the time of such change of any such rights or options then still outstanding;  provided,
however, that any such increase or increases in the Exercise Price shall not exceed, in the
aggregate, the amount of the original reduction of the Exercise Price attributable to the grant of such rights or options. 

        C.    If
any such rights or options shall expire without having been exercised, the adjusted Exercise Price shall forthwith be readjusted to such Exercise Price as would have 

7

 

been
in effect had an adjustment with respect to such rights or options been made on the basis that the only Additional Shares of Common Stock so issued or sold were those issued or sold upon the
exercise of such rights or options and that they were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the
Company for the granting of such rights or options. 

        (iv)  A.    In
case at any time on or after the date hereof, the Company shall grant any rights or options to subscribe for, purchase or otherwise acquire
Convertible Securities (other than Excluded Securities), there shall be determined the price per share for which Additional Shares of Common Stock are issuable upon the exchange or conversion of such
Convertible Securities if such rights or options were exercised, such determination to be made by dividing (a) the total amount, if any, received or receivable by the Company as consideration
for the issuance of such rights or options, plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of such rights or options if the maximum
number of Convertible Securities were issued pursuant to such rights or options for such minimum aggregate amount of additional consideration, plus the minimum aggregate amount of additional
consideration, if any, payable to the Company upon the exchange or conversion of such Convertible Securities if the maximum number of Additional Shares were issued pursuant to such Convertible
Securities for such minimum aggregate amount of additional consideration, by (b) the maximum aggregate number of Additional Shares of Common Stock issuable upon the exchange or conversion of
the Convertible Securities for such minimum aggregate amount of additional consideration; and the issue or sale of such rights or options shall be deemed to be an issue or sale for cash (as of the
date of the granting of such rights or options) of such maximum number of Additional Shares of Common Stock at the price per share so determined, and thereby shall cause an adjustment in the Exercise
Price, if such an adjustment is required by Section 6(b). 

        B.    If
such rights or options to subscribe for or otherwise acquire Convertible Securities shall by their terms provide for an increase or increases, with the passage of
time, in the amount of additional consideration payable to the Company upon the exercise, exchange or conversion thereof, the adjusted Exercise Price shall, forthwith upon any such increase becoming
effective, be increased to such Exercise Price as would have been in effect had the adjustments made upon the issuances of such rights or options been made upon the basis of (and the total
consideration received therefor) (a) the issuance of the number of shares of Common Stock theretofore actually delivered upon the exchange or conversion of such Convertible Securities
(b) the issuances of all Common Stock and all rights, options and Convertible Securities issued after the issuance of such rights and options and (c) the original issuances
at the time of such change of any such rights, options and Convertible Securities issued upon exercise of such rights or options which are then still outstanding; provided, however, that any such
increase or increases shall not exceed, in the aggregate, the amount of the original reduction of the Exercise Price attributable to the grant of such rights or options. 

        C.    If
any such rights, options or rights of conversion or exchange of such Convertible Securities shall expire without having been exercised, exchanged or converted, the
adjusted Exercise Price shall forthwith be readjusted to such Exercise Price as would have been in effect had an adjustment been made with respect to such rights, options or rights of conversion or
exchange of such Convertible Securities on the basis that the only Additional Shares of Common Stock so issued or sold were those issued or sold upon the exercise of such rights or options and
exchange or conversion of such Convertible Securities and that they were issued or sold for the consideration actually received by the 

8

 

Company
upon exercise of such rights and options and exchange or conversion of such Convertible Securities, plus the consideration, if any, actually received by the Company for the granting of such
rights, options or Convertible Securities. 

         (v)  In
any case where an adjustment has been made in the Exercise Price upon the issuance of Convertible Securities or any rights or options to purchase Convertible
Securities or Additional Shares of Common Stock pursuant to this Section 6(c), no further adjustment shall be made at the time of the conversion of any such Convertible Securities or at the
time of the exercise of any such rights or options. 

        (vi)  In
case at any time on or after the issuance of this Warrant any shares of Common Stock or Convertible Securities shall be issued or sold for a consideration other than
cash, the amount of the consideration other than cash payable to the Company shall be deemed to be the Fair Value of such consideration. Whether or not the consideration so received is cash, the
amount thereof shall be determined after deducting therefrom any expenses incurred or any underwriting commissions or concessions or discounts paid or allowed by the Company in connection therewith. 

       (vii)  In
case at any time the Company shall fix a record date of the holders of its Common Stock for the purpose of entitling them (a) to receive a dividend or other
distribution payable in Common Stock, Convertible Securities or rights or options to purchase either thereof, or (b) to subscribe for or purchase Common Stock, Convertible Securities or rights
or options to purchase either thereof, then such record date shall be deemed to be the date of the issue or sale of the shares of Common Stock deemed, pursuant to this Section 6(c), to have
been issued or sold upon the declaration of such dividend or the making of such other distribution or the date of the granting of such right of subscription or purchase, as the case may be. 

      (viii)  The
number of shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account of the Company, and the disposition of
any such shares shall be considered an issue or sale of Common Stock for the purposes of this Section 6(c). 

        (d)    Reorganization, Reclassification, Consolidation, Merger or Sale.    If any capital reorganization or
reclassification of the capital stock of the Company, or any consolidation or merger of the Company with another corporation, or the sale of all or substantially all of its assets to another
corporation shall be effected in such a way that holders of Common Stock shall be entitled to receive cash, stock, securities or assets with respect to or in exchange for Common Stock, then, as a
condition of such reorganization, reclassification, consolidation, merger or sale, lawful and adequate provisions shall be made whereby the Warrantholders shall thereafter have the right to purchase
and receive upon the basis and upon the terms and conditions specified in this Warrant upon exercise of this Warrant and in lieu of the shares of the Common Stock of the Company immediately
theretofore purchasable and receivable upon the exercise of the rights represented hereby, such cash, shares of stock, securities or assets as may be issued or payable with respect to or in exchange
for a number of outstanding shares of Common Stock equal to the number of shares of such Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented
hereby, and in any such case appropriate provision shall be made with respect to the rights and interest of the Warrantholders to the end that the provisions hereof (including, without limitation,
provisions for adjustments of the Exercise Price and of the number of shares purchasable and receivable upon the exercise of this Warrant) shall thereafter be applicable, as nearly as may be, in
relation to any shares of stock, securities or assets thereafter deliverable upon the exercise hereof. The Company shall not effect any consolidation, merger or sale of all or substantially all of the
assets of the Company unless prior to or simultaneous with the 

9

 

consummation
thereof the successor corporation (if other than the Company) resulting from such consolidation, merger or purchase of such assets shall assume, by written instrument executed and mailed
or delivered to the Warrantholders, the obligation to deliver to such Warrantholders such cash (or cash equivalent), shares of stock, securities or assets as, in accordance with the foregoing
provisions, the Warrantholders may be entitled to receive and containing the express assumption of such successor corporation of the due and punctual performance and observance of each provision of
this Warrant to be performed and observed by the Company and of all liabilities and obligations of the Company hereunder; provided,  however, in the case of
any consolidation or merger of the Company with another corporation or the sale of all or substantially all of its assets to
another corporation effected in such a manner that the holders of Common Stock shall be entitled to receive stock, securities or assets with respect to or in exchange for Common Stock, then, at the
election of each Warrantholder, in lieu of receiving such stock, securities or assets, such Warrantholder shall receive cash equal to the Fair Value of the Common Stock issuable upon exercise of the
Warrant, less the Exercise Price payable upon exercise thereof. 

        In
case any Additional Shares of Common Stock or Convertible Securities or any rights or options to purchase any Additional Shares of Common Stock or Convertible Securities shall be
issued in connection with any merger of another corporation into the Company, the amount of consideration therefor shall be deemed to be the Fair Value of such portion of the assets of such merged
corporation as the Board of Directors of the Company shall in good faith determine to be attributable to such
Additional Shares of Common Stock, Convertible Securities or rights or options, as the case may be, and the Exercise Price shall be adjusted in accordance with this Section 6(d). 

        (e)    Company to Prevent Dilution.    In case at any time or from time to time conditions arise by reason of action
taken by the Company which are not adequately covered by the provisions of this Section 6, and which might materially and adversely affect the exercise rights of the Warrantholders under any
provision of this Warrant, unless the adjustment necessary shall be agreed upon by the Company and the Warrantholders, the Board of Directors of the Company shall appoint a firm of independent
certified public accountants of recognized national standing (who have not been employed by the Company within the last five years), acceptable to the Warrantholders, who at the Company's expense
shall give their opinion upon the adjustment, if any, on a basis consistent with the standards established in the other provisions of this Section 6, necessary with respect to the Exercise
Price and the number of shares purchasable upon exercise of the Warrants, so as to preserve, without dilution, the exercise rights of the Warrantholders. Upon receipt of such opinion, such Board of
Directors shall forthwith make the adjustments described therein. 

        (f)    Stock Splits and Reverse Splits.    In case at any time the Company shall subdivide its outstanding shares of
Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of shares of Common Stock purchasable
pursuant to this Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in case at any time the Company shall combine its outstanding shares of Common Stock
into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of shares of Common Stock purchasable upon the
exercise of this Warrant immediately prior to such combination shall be proportionately reduced. 

        (g)    Dissolution, Liquidation and Wind-Up.    In case the Company shall, at any time prior to the
expiration of this Warrant, dissolve, liquidate or wind up its affairs, the Warrantholders shall be entitled, upon the exercise of this Warrant, to receive, in lieu of the shares of Common Stock of
the Company which such Warrantholders would have been entitled to receive, the same kind and amount of assets as would have been issued, distributed or paid to such Warrantholders upon any 

10

 

such
dissolution, liquidation or winding up with respect to such shares of Common Stock of the Company, had such Warrantholders been the holders of record of the Warrant Shares receivable upon the
exercise of this Warrant on the record date for the determination of those persons entitled to receive any such liquidating distribution. After any such dissolution, liquidation or winding up which
shall result in any cash distribution in excess of the Exercise Price provided for by this Warrant, the Warrantholders may, at each such Warrantholder's option, exercise the same without making
payment of the Exercise Price, and in such case the Company shall, upon the distribution to said Warrantholders, consider that said Exercise Price has been paid in full to it and in making settlement
to said Warrantholders, shall deduct from the amount payable to such Warrantholders an amount equal to such Exercise Price. 

        (h)    Noncash Consideration.    In case any Additional Shares of Common Stock or Convertible Securities or any rights
or options to purchase any Additional Shares of Common Stock or Convertible Securities shall be issued for a consideration in a form other than cash, the amount of such consideration shall be deemed
to be the Fair Value thereof. 

        (i)    Accountants' Certificate.    In each case of an adjustment in the number of shares of Common Stock or other
stock, securities or property receivable on the exercise of the Warrants, the Company at its expense shall cause independent public accountants of recognized standing selected by the Company and
acceptable to the Warrantholders to compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment and showing in detail the facts upon
which such adjustment is based, including a statement of (a) the consideration received or to be received by the Company for any Additional Shares of Common Stock, rights, options or
Convertible Securities issued or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock of each class outstanding or deemed to be outstanding, (c) the
adjusted Exercise Price and (d) the number of shares issuable upon exercise of this Warrant. The Company will forthwith mail a copy of each such certificate to each Warrantholder. 

        7.    Special Agreements of the Company.    

        (a)    Reservation of Shares.    The Company covenants and agrees that all Warrant Shares will, upon issuance, be
validly issued, fully paid and nonassessable and free from all preemptive rights of any stockholder, and from all taxes, liens and charges with respect to the issue thereof. The Company further
covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized, and reserved, a sufficient number of
shares of Common Stock to provide for the exercise of the rights represented by this Warrant. The Company hereby covenants and agrees to take all such action as may be necessary to assure that the par
value per share of the Common Stock is at all times equal to or less than the Exercise Price. 

        (b)    Avoidance of Certain Actions.    The Company will not, by amendment of its Articles or Certificate of
Incorporation or through any reorganization, transfer of assets, consolidation, merger, issue or sale of securities or otherwise, avoid or take any action which would have the effect of avoiding the
observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in carrying out all of the provisions of this Warrant and
in taking all of such action as may be necessary or appropriate in order to protect the rights of the Warrantholders against dilution or other impairment of their rights hereunder. 

        (c)    Securing Governmental Approvals.    If any shares of Common Stock required to be reserved for the purposes of
exercise of this Warrant require registration with or approval of any governmental authority under any federal law (other than the Securities Act) or under any state law before such shares may be
issued upon exercise of this Warrant, the Company will, at its 

11

 

expense,
as expeditiously as possible, cause such shares to be duly registered or approved, as the case may be. 

        (d)    Listing on Securities Exchanges; Registration.    If, and so long as, any class of the Company's Common Stock
shall be listed on any national securities exchange (as defined in the Exchange Act), the Company will, at its expense, obtain and maintain the approval for listing upon official notice of issuance of
all Warrant Shares and maintain the listing of Warrant Shares after their issuance; and the Company will so list on such national securities exchange, will register under the Exchange Act (or any
similar statute then in effect), and will maintain such listing of, any other securities that at any time are issuable upon exercise of this Warrant if and at the time any securities of the same class
shall be listed on such national securities exchange by the Company. 

        (e)    Information Rights.    So long as the Warrantholders hold this Warrant and/or any of the Warrant Shares, the
Company shall deliver to the Warrantholders (i) promptly after mailing, copies of all communications to the shareholders of the Company, (ii) within one hundred twenty (120) days
after the end of each fiscal year of the Company, the annual audited financial statements of the Company certified by the independent public accountants of recognized standing, and (iii) within
forty-five (45) days after the end of each of the first three quarters of each fiscal year, the Company's quarterly, unaudited financial statements. 

        (f)    Compliance with Law.    The Company shall comply in all material respects with all applicable laws, rules and
regulations of the United States and of all states, municipalities and agencies and of any other jurisdiction applicable to the Company and shall do all things necessary to preserve, renew and keep in
full force and effect and in good standing its corporate existence and authority necessary to continue its business. 

        8.    Fractional Shares.    No fractional shares or scrip representing fractional shares shall be issued upon the
exercise of this Warrant. With respect to any fraction of a share called for upon exercise hereof, the Company shall pay to the Warrantholder an amount in cash equal to such fraction multiplied by the
Current Market Value of one share of Common Stock. 

        9.    Notices of Stock Dividends, Subscriptions, Reclassifications, Consolidations, Mergers, etc.    If at any time:
(i) the Company shall declare a cash dividend (or an increase in the then existing dividend rate), or declare a dividend on Common Stock payable otherwise than in cash out of its net earnings
after taxes for the prior fiscal year; or (ii) the Company shall authorize the granting to the holders of Common Stock of rights to subscribe for or purchase any shares of capital stock of any
class or of any other rights; or (iii) there shall be any capital reorganization, or reclassification, or redemption of the capital stock of the Company, or consolidation or merger of the
Company with, or sale of all or substantially all of its assets to, another corporation or firm; or (iv) there shall be a voluntary or involuntary dissolution, liquidation or winding up of the
Company, then the Company shall give to the Warrantholders at the addresses of such Warrantholders as shown on the books of the Company, at least twenty (20) days prior to the applicable record
date hereinafter specified, a written notice summarizing such action or event and stating the record date for any such dividend or rights (or, if a record date is not to be selected, the date as of
which the holders of Common Stock of record entitled to such dividend or rights are to be determined), the date on which any such reorganization, reclassification, consolidation, merger, sale of
assets, dissolution, liquidation or winding up is expected to become effective, and the date as of which it is expected the holders of Common Stock of record shall be entitled to effect any exchange
of their shares of Common Stock for cash (or cash equivalent), securities or other property deliverable upon any such reorganization, reclassification, consolidation, merger, sale of assets,
dissolution, liquidation or winding up. 

12

 

        10.    Registered Holder; Transfer of Warrants or Warrant Shares.    

        (a)    Maintenance of Registration Books; Ownership of this Warrant.    The Company shall keep at its principal office
a register in which the Company shall provide for the registration, transfer and exchange of this Warrant. The Company shall not at any time, except upon the dissolution, liquidation or
winding-up of the Company, close such register so as to result in preventing or delaying the exercise or transfer of this Warrant. 

        (b)    Exchange and Replacement.    This Warrant is exchangeable upon surrender hereof by the registered holder to the
Company at its principal office for new Warrants of like tenor and date representing in the aggregate the right to purchase the number of shares purchasable hereunder, each of such new Warrants to
represent the right to purchase such number of shares as shall be designated by said registered holder at the time of surrender. Subject to the restrictions set forth on the legend hereof, this
Warrant and all rights hereunder are transferable in whole or in part upon the books of the Company by the registered holder hereof in person or by duly authorized attorney, and new Warrants shall be
made and delivered by the Company, of the same tenor and date as this Warrant but registered in the name of the transferee(s), upon surrender of this Warrant, duly endorsed, to said office of the
Company. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and upon surrender and cancellation of this Warrant, if
mutilated, the Company will make and deliver a new Warrant of like tenor, in lieu of this Warrant, without requiring the posting of any bond or the giving of any other security. This Warrant shall be
promptly cancelled by the Company upon the surrender hereof in connection with any exchange, transfer or replacement. The Company shall pay all expenses, taxes and other charges
payable in connection with the preparation, execution and delivery of Warrants pursuant to this Section 10. 

        (c)    Warrants and Warrant Shares Not Registered.    The holder of this Warrant, by accepting this Warrant,
represents and acknowledges that this Warrant and the Warrant Shares are not being registered under the Securities Act on the grounds that the issuance of this Warrant and the offering and sale of
such Warrant Shares are exempt from registration under Section 4(2) of the Securities Act as not involving any public offering. 

        11.    Registration    

        (a)    Form S-3 Registration.    If and when the Company is eligible to effect a registration under
the Securities Act on Form S-3 and the Company shall receive a written request there from any holder or holders of at least 10% of the Registrable Stock, then the Company shall
promptly prepare and file a S-3 statement under the Securities Act (the "S-3 Statement") covering the Registrable Stock which is the subject of such request and shall
use its best efforts to cause such S-3 Statement to become effective as expeditiously as possible. Upon the receipt of such request, the Company shall promptly give written notice to all
holders of Registrable Stock and to the holders of all Other Shares which are entitled to registration rights that such S-3 registration is to be effected. The Company shall include in
such S-3 Statement such Registrable Stock and such shares of Other Shares for which it has received written requests to register such shares by the holders thereof within thirty
(30) days after the effectiveness of the Company's written notice to such other holders, as well as Primary Shares, provided,  however, that, in the
case of an underwritten offering, if the managing underwriter advises the holders of Registrable Stock that the inclusion of all
Registrable Stock, Primary Shares and/or Other Shares proposed to be included in such registration would interfere with the successful marketing (including pricing) of the Registrable Stock proposed
to be included in such registration, then the number of shares of 

13

 

Registrable
Stock, Primary Shares and/or Other Shares proposed to be included in such registration should be included in the following order: 

	1.
	first, the shares of Registrable Stock requested to be included in such registration (or, if necessary, such Registrable Stock  pro rata among the holders thereof based upon the number of shares of Registrable Stock requested to be registered by each such holder);

	2.
	second, the Other shares which are entitled to registration rights; and

	3.
	third, the Primary Shares. 

Notwithstanding
the foregoing, the rights set forth in this Section 11(a) may, only be exercised once by the holders of the Registrable Stock. 

        (b)    Incidental Registration.    Each time the Company shall determine to file a registration statement under
the Securities Act (other than on Form S-8 or Form S-4) in connection with the proposed offer and sale for money of any of its securities by it or by any of its
security holders, the Company will give written notice of its determination to all holders of Registrable Stock. Upon the written request of a holder of any Registrable Stock delivered to the Company
within 15 days of the receipt of the aforesaid notice, the Company will use its best efforts to cause all such Registrable Stock, the holders of which have so requested registration thereof, to
be included in such registration statement, all to the extent requisite to permit the sale or other disposition by the prospective seller or sellers of the Registrable Stock to be so registered in
accordance with the terms of the proposed offering. If the registration statement is to cover an underwritten distribution, the Company shall use its best efforts to cause the Registrable Stock
requested for inclusion pursuant to this Section 11(b) to be included in the underwriting on the same terms and conditions as the securities otherwise being sold through the underwriters.
Notwithstanding the foregoing, if the managing underwriter of such public offering advises the Company that the inclusion of all of the Registrable Stock requested to be registered would interfere
with the successful marketing (including pricing) of the Primary shares or Other Shares proposed to be offered, then the number of Primary Shares, Registrable Stock and Other Shares proposed to be
included in such registration shall be included in the following order: 

          (i)  if
the Company proposes to register Primary Shares: 

        A.    first, the Primary Shares; and 

        B.    second, the Registrable Stock and Other Shares requested to be included in such registration (or, if necessary, such
Registrable Stock and Other Shares pro rata among the holders thereof based upon the number of Registrable Stock and Other Shares requested to be
registered by each such holder); or 

         (ii)  if
the Company proposes to register Other Shares pursuant to a request for registration by the holders of such Other Shares: 

        A.    first, the Other Shares held by the parties demanding such registration; 

        B.    second, the Registrable Stock and Other Shares requested to be registered by the holders thereof (or, if necessary,  pro rata among the holders thereof based on the
number of Registrable Stock and Other Shares requested to be registered by such holders); and 

        C.    third, the Primary Shares. 

        The
provisions of this Section 11 shall only apply after such time as the Company has consummated an underwritten initial public offering of its securities. 

14

 

        (c)    Registration Procedures.    If and whenever the Company is required by the provisions of Sections 11(a) and
11(b) to effect the registration of Registrable Stock under the Securities Act, the Company will, at its expense, as expeditiously as possible: 

          (i)  In
accordance with the Securities Act and the rules and regulations of the Commission, prepare and file with the Commission a registration statement on the form of
registration statement appropriate with respect to such securities and use its best efforts to cause such registration statement to become and remain effective until the securities covered by such
registration statement have been sold, and prepare and file with the Commission such amendments to such registration statement and supplements to the prospectus contained therein as may be necessary
to keep such registration statement effective and such registration statement and prospectus accurate and complete until the securities covered by such registration statement have been sold (it being
understood that the foregoing shall only apply with respect to a Form S-3 Registration demand under Section 11(a) as to which the Company shall keep such registration
effective for not less than ninety (90) days); 

         (ii)  If
the offering is to be underwritten, in whole or in part, enter into a written underwriting agreement with the holders of the Registrable Stock participating in such
offering and the underwriter in form and substance reasonably satisfactory to the managing underwriter of the public offering and the holders of the Registrable Stock participating in such offering; 

        (iii)  Furnish
to the holders of securities participating in such registration and to the underwriters of the securities being registered such reasonable number of copies of
the registration statement, preliminary prospectus, final prospectus and such other documents as such underwriters and holders may reasonably request in order to facilitate the public offering of such
securities; 

        (iv)  Use
its best efforts to register or qualify the securities covered by such registration statement under such state securities or blue sky laws of such jurisdictions as
such participating holders and underwriters may reasonably request; 

         (v)  Notify
the holders participating in such registration, promptly after it shall receive notice thereof, of the date and time when such registration statement and each
post-effective amendment thereto has become effective or a supplement to any prospectus forming a part of such registration statement has been filed; 

        (vi)  Notify
such holders promptly of any request by the Commission for the amending or supplementing of such registration statement or prospectus or for additional
information; 

       (vii)  Prepare
and file with the Commission, promptly upon the request of any such holders, any amendments or supplements to such registration statement or prospectus which,
in the opinion of counsel for the Company, is required under the Securities Act or the rules and regulations thereunder in connection with the distribution of the Registrable Stock by such holders; 

      (viii)  Prepare
and promptly file with the Commission, and promptly notify such holders of the filing of, such amendments or supplements to such registration statement or
prospectus as may be necessary to correct any statements or omissions if, at the time when a prospectus relating to such securities is required to be delivered under the Securities Act, any event has
occurred as the result of which any such prospectus or any other prospectus as then in effect may include an untrue statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein not misleading; 

15

 

        (ix)  In
case any of such holders or any underwriter for any such holders is required to deliver a prospectus at a time when the prospectus then in circulation is not in
compliance with the Securities Act or the rules and regulations of the Commission, prepare promptly upon request such amendments or supplements to such registration statement and such prospectus as
may be necessary in order for such prospectus to comply with the requirements of the Securities Act and such rules and regulations; 

         (x)  Advise
such holders, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness
of such registration statement or the initiation or threatening of any proceeding for that purpose and promptly use its best efforts to prevent the issuance of any stop order or to obtain its
withdrawal if such stop order should be issued; 

        (xi)  If
requested by the managing underwriter or underwriters or a holder of Registrable Stock being sold in connection with an underwritten offering, immediately
incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriters and the holders of a majority of the Registrable Stock being sold agree
should be included therein relating to the plan of distribution with respect to such Registrable Stock, including information with respect to the Registrable Stock being sold to such underwriters, the
purchase price being paid therefor by such underwriters and with respect to any other terms of the underwritten (or best efforts underwritten) offering of the Registrable Stock to be sold in such
offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated in such prospectus supplement or
post-effective amendment; 

       (xii)  Cooperate
with the selling holders of Registrable Stock and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates
representing Registrable Stock to be sold and not bearing any restrictive legends; and enable such Registrable Stock to be in such denominations and registered in such names as the managing
underwriters may request at least two business days prior to any sale of Registrable Securities to the underwriters; 

      (xiii)  Prepare
a prospectus supplement or post-effective amendment to the registration statement or the related prospectus or any document incorporated therein
by reference or file any other required documents so that, as thereafter delivered to the purchasers of the Registrable Stock, the prospectus will not contain an untrue statement of material fact or
omit to state any material fact necessary to make the statements therein not misleading; 

      (xiv)  Enter
into such agreements (including an underwriting agreement) and take all such other actions in connection therewith in order to expedite or facilitate the
disposition of such Registrable Securities and in such connection, whether or not an underwriting agreement is entered into and whether or not the registration is an underwritten registration: 

        A.    make
such representations and warranties to the holders of such Registrable Stock and the underwriters, if any, in form, substance and scope as are customarily made by
issuers to underwriters in primary underwritten offerings; 

        B.    If
an underwriting agreement is entered into, the same shall set forth in full the indemnification provisions and procedures of Section 11(e) hereof with respect
to all parties to be indemnified pursuant to said Section; and 

        C.    The
Company shall deliver such documents and certificates as may be requested by the holders of the majority of the Registrable Stock being sold and the managing
underwriters, if any, to evidence compliance with the terms of this Section 11(c) and with 

16

 

any
customary conditions contained in the underwriting agreement or other agreement entered into by the Company. 

        The
above shall be done at each closing under such underwriting or similar agreement or as and to the extent required thereunder; 

       (xv)  Make
available for inspection by a representative of the holders of a majority of the Registrable Stock, any underwriter participating in any disposition pursuant to a
registration statement, and any attorney or accountant retained by the sellers or underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause
the Company's officers, directors and employees to supply all information reasonably requested by any such representative, underwriter, attorney or accountant in connection with the preparation of the
registration statement; provided, that any records, information or documents that are designated by the Company in writing as confidential shall be kept confidential by such persons unless disclosure
of such records, information or documents is required by court or administrative order; 

      (xvi)  Otherwise
use its best efforts to comply with all applicable rules and regulations of the Commission, and make generally available to the Company's security holders,
earning statements satisfying the provisions of Section 11(a) of the Securities Act, no later than forty-five (45) days after the end of any twelve (12) month period
(or ninety (90) days, if such a period is a fiscal year) (i) commencing at the end of any fiscal quarter in which Registrable Stock is sold to underwriters in an underwritten offering,
or, if not sold to underwriters in such an offering, (ii) beginning with the first month of the Company's first fiscal quarter commencing after the effective date of a registration statement; 

     (xvii)  At
the request of any such holder (i) furnish to such holder on the effective date of the registration statement or, if such registration includes an
underwritten public offering, at the closing provided for in the underwriting agreement, an opinion, dated such date, of the counsel representing the Company for the purposes of such registration,
addressed to the underwriters, if any, and to the holder or holders making such request, covering such matters with respect to the registration statement, the prospectus and each amendment or
supplement thereto, proceedings under state and federal securities laws, other matters relating to the Company, the securities being registered and the offer and sale of such securities as are
customarily the subject of opinions of issuer's counsel provided to underwriters in underwritten public offerings, and such opinion of counsel shall additionally cover such legal and factual matters
with respect to the registration as such requesting holder or holders may reasonably request, and (ii) use its best effort to furnish to such holder letters dated each such effective date and
such closing date, from the independent certified public accountants of the Company, addressed to the underwriters, if any, and to the holder or holders making such request, stating that they are
independent certified public accountants within the meaning of the Securities Act and dealing with such matters as the underwriters may request, or, if the offering is not underwritten, that in the
opinion of such accountants the financial statements and other financial data of the Company included in the registration statement or the prospectus or any amendment or supplement thereto comply in
all material respects with the applicable accounting requirements of the Securities Act, and additionally covering such other financial matters, including information as to the period ending
immediately prior to the date of such letter with respect to the registration statement and prospectus, as such requesting holder or holders may reasonably request. 

17

 

        (d)    Expenses of Registration.    All expenses incident to the Company's performance of or compliance with this
Warrant, including, without limitation, the following shall be borne by the Company, regardless of whether the registration statement becomes effective: 

          (i)  All
registration and filing fees (including those with respect to filings required to be made with the National Association of Securities Dealers, Inc.); 

         (ii)  Fees
and expenses of compliance with all securities or blue sky laws (including fees and disbursements of counsel for the underwriters or selling holders in connection
with blue sky qualifications of the Registrable Stock and in determination of their eligibility for investment under the laws of such jurisdictions as the managing underwriters or holders of a
majority of the Registrable Stock being sold may designate); 

        (iii)  Printing,
messenger, telephone and delivery expenses; 

        (iv)  Fees
and disbursements of counsel for the Company and of one legal counsel for the sellers of the Registrable Stock; 

         (v)  Fees
and disbursements of all independent certified public accountants of the Company (including the expenses of any special audit and "comfort" letters required by or
incident to such performance); 

        (vi)  Fees
and disbursements of underwriters (excluding discounts, commissions or fees of underwriters, selling brokers, dealer managers or similar securities industry
professionals relating to the distribution of the Registrable Stock or legal expenses of any person other than the Company and the selling holders); and 

       (vii)  Fees
and expenses of other persons retained by the Company. 

        The
Company will, in any event, pay its internal expenses (including without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties),
the expense of any annual audit, the fees and expenses incurred in connection with the listing of the securities to be registered on each securities exchange on which similar securities issued by the
Company are then listed, rating agency fees and the fees and expenses of any person, including special experts, retained by the Company. 

        (e)    Indemnification.    

          (i)  The
Company hereby agrees to indemnify each of the holders of Registrable Stock against all claims, losses, damages and liabilities (or actions in respect thereof)
arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement, preliminary or final prospectus, or other document incident to
any such registration, qualification or compliance (or in any related registration statement, notification or the like) or any omission (or alleged omission) to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading, or any violation by the Company of any rule or regulation promulgated under the Securities Act applicable to the
Company and relating to action or inaction required of the Company in connection with any such registration, qualification or compliance, and to reimburse the holders of Registrable Stock (including
officers and directors of the same and controlling persons) for any legal and any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage,
liability or action, provided, however, that the Company will not be liable in any such case to the
extent that any such claim, loss, damage or liability arises out of or is based on any untrue statement or omission based upon written information furnished to the Company by Warrantholders in an
instrument duly executed by Warrantholders and stated to be specifically for use therein. 

18

 

         (ii)  The
Warrantholders severally and not jointly agree to indemnify the Company and its officers and directors and each person, if any, who controls any thereof within the
meaning of Section 15 of the Securities Act and their respective successors against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any
untrue statement of a material fact contained in any prospectus, offering circular or other document incident to any registration, qualification or compliance relating to securities purchased pursuant
to the Warrants (or in any related registration statement, notification or the like) or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary
to make the statements therein not misleading and will reimburse the Company and each other person indemnified pursuant to this subsection (ii) for any legal and any other expenses reasonably
incurred in connection with investigating or defending any such claim, loss, damage, liability or action; provided,  however, that this subsection
(ii) shall apply only if (and only to the extent that) such statement or omission was made in reliance upon
information (including, without limitation, written negative responses to inquiries) furnished to the Company by an instrument duly executed by Warrantholders and stated to be specifically for use in
such prospectus, or other document (or related registration statement, notification or the like) or any amendment or supplement thereto. 

        (iii)  Each
party entitled to indemnification hereunder (the "Indemnified Party") shall give notice to the party required to provide indemnification (the "Indemnifying
Party") promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party (at such Indemnifying Party's expense) to
assume the defense of any claim or any litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be reasonably
satisfactory to the Indemnified Party, and the Indemnified Party may participate in such defense at such party's expense, and provided, further, that the omission by any Indemnified Party to give
notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 11(e) except to the extent that the omission results in a failure of actual notice to
the Indemnifying Party and such Indemnifying Party is materially damaged solely as a result of the failure to give notice. No Indemnifying Party, in the defense of any such claim or litigation, shall,
except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or
plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation. 

        (iv)  If
the indemnification provided for in this Section 11(e) is unavailable or insufficient to hold harmless an Indemnified Party in respect of any losses, claims,
damages, liabilities, expenses or actions in respect thereof referred to herein, then the Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party as a result of
such losses, claims, damages, liabilities, expenses or actions in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand, and the Indemnified Party
on the other, in connection with the statements or omissions which resulted in such losses, claims, damages, liabilities, expenses or actions as well as any other relevant equitable considerations,
including the failure to give the notice required hereunder. The relative fault of the Indemnifying Party and the Indemnified Party shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact relates to information supplied by the Indemnifying Party or the Indemnified Party and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission. The Company and the Warrantholders agree that it would not be just and equitable if contributions pursuant to this
Section 11(e) were determined by pro rata allocation or by any other method of allocation which did not take account of the equitable considerations referred to above. The amount paid or
payable to an Indemnified Party as a 

19

 

result
of the losses, claims, damages, liabilities or actions in respect thereof, referred to above, shall be deemed to include any legal or other expenses reasonably incurred by such Indemnified
Party in connection with investigating or defending any such action or claim. Notwithstanding the contribution provisions of this Section 11(e), in no event shall the amount contributed by any
seller of Registrable Stock exceed the aggregate net offering proceeds received by such seller from the sale of Registrable Stock to which such contribution or indemnification claim relates. No person
guilty of fraudulent misrepresentations (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who is not guilty of such fraudulent
misrepresentation. 

         (v)  The
indemnification required by this Section 11(e) shall be made by periodic payments during the course of the investigation or defense, as and when bills are
received or expenses incurred. Anything contained herein to the contrary notwithstanding, the maximum aggregate liability of any holder of Registrable Stock under this Section 11(e) shall not
exceed the amount of the net proceeds actually received by such holder from the sale of its Registrable Stock pursuant to the registration, qualification, notification or compliance in respect of
which such liability arose. 

        (f)    Reporting Requirements Under Exchange Act.    From and after the effective date of the first registration
statement filed by the Company under the Securities Act (the "Effective Date"), the Company shall (whether or not it shall then be required to do so) timely file such information, documents and
reports as the Commission may require or prescribe under Section 13 or 15(d) (whichever is applicable) of the Exchange Act. Immediately upon becoming subject to the reporting requirements of
either Section 13 or 15(d) of the Exchange Act, the Company shall forthwith upon request furnish any holder of Registrable Stock (i) a written statement by the Company that it has
complied with such reporting requirements, (ii) a copy of the most recent annual or quarterly report of the Company, and (iii) such other reports and documents filed by the Company with
the Commission as such holder may reasonably request in availing itself of an exemption for the sale of Registrable Stock without registration under the Securities Act. The Company acknowledges and
agrees that the purpose of the requirements contained in this Section 11(f) is to enable any such holder to comply with the current public information requirement contained in Rule 144
under the Securities Act should such holder ever wish to dispose of
any of the securities of the Company acquired by it without registration under the Securities Act in reliance upon Rule 144 (or any other similar exemptive provision). In addition, after the
Effective Date the Company shall take such other measures and file such other information, documents and reports as shall hereafter be required by the Commission as a condition to the availability of
Rule 144 and Rule 144A under the Securities Act (or any similar exemptive provision hereafter in effect). 

        (g)    Stockholder Information.    The Company may require each holder of Registrable Stock as to which any
registration is to be effected pursuant to this Section 11 to furnish the Company such information with respect to such holder and the distribution of such Registrable Stock as shall be
required by law or by the Commission in connection therewith. 

        12.    Representation and Warranties.    The Company hereby represents and warrants to and covenants with
Warrantholder, and each holder of Warrant Shares that: 

        (a)    Organization and Capitalization of the Company.    The Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware. The Company has, and at all times during the Exercise Period will have, reserved for issuance pursuant to the Warrants that
number of shares of Common Stock that are issuable pursuant to the Warrants. All the outstanding shares of Common Stock have been validly issued without violation 

20

 

of
any preemptive or similar rights, are fully paid and nonassessable and have been issued in compliance with all federal and applicable state securities laws. 

        (b)    Authority.    The Company has full corporate power and authority to execute and deliver this Warrant, to issue
the shares of Common Stock issuable upon exercise of this Warrant, and to perform all of its obligations hereunder, and the execution, delivery and performance hereof has been duly authorized by all
necessary corporate action on its part. This Warrant has been duly executed on behalf of the Company and constitutes the legal, valid and binding obligation of the Company enforceable in accordance
with its terms. 

        (c)    No Legal Bar.    Except as to the Warrantholder's status, neither the execution, delivery or performance of
this Warrant nor the issuance of the shares of Common Stock issuable upon exercise of this Warrant will (a) conflict with or result in a violation of the Certificate of Incorporation or
By-laws of the Company, (b) conflict with or result in a violation of any law, statute, regulation, order or decree applicable to the Company or any affiliate, (c) require
any consent or authorization or filing with, or other act by or in respect of any governmental authority or (d) result in a breach of, constitute a default under or constitute an event creating
rights of acceleration, termination or cancellation under any material mortgage, lease, contract, franchise, instrument or other material agreement to which the Company is a party or by which it is
bound. 

        (d)    Validity of Shares.    When issued upon the exercise of this Warrant as contemplated herein, the shares of
Common Stock so issued will have been validly issued and will be fully paid and nonassessable. On the date hereof, the par value of the Common Stock is less than the Exercise Price per share of Common
Stock. 

        13.    Miscellaneous Provisions.    

        (a)    Judicial Reference.    

          (i)  Other
than the appointment of a receiver, or the exercise of other provisional remedies (any and all of which may be initiated pursuant to applicable law), each
controversy, dispute or claim arising out of or relating to this Warrant, which controversy, dispute or claim is not settled in writing within thirty (30) days after the
"Claim Date" (defined as the date on which the Company or a Warrantholder gives written notice to the other that a controversy, dispute or claim
exists), will be settled by a reference proceeding in California in accordance with the provisions of Section 638 et seq. of the California Code of Civil Procedure, or their successor section
("CCP"), which shall constitute the exclusive remedy for the settlement of any controversy, dispute or claim concerning this Warrant, including whether
such controversy, dispute or claim is subject to the reference proceeding and except as set forth above, the parties waive their rights to initiate any legal proceedings against each other in any
court or jurisdiction other than the Superior Court in counties of Los Angeles or Orange, California (the "Court"). The referee shall be a retired Judge
of the Court selected by mutual agreement of the parties, and if they cannot so agree within forty-five (45) days after the Claim Date, the referee shall be promptly selected by the
Presiding Judge of the Court (or his or her representative). The referee shall be appointed to sit as a temporary judge, with all of the powers for a temporary judge, as authorized by law, and upon
selection shall take and subscribe to the oath of office as provided for in Rule 244 of the California Rules of Court (or any subsequently enacted Rule). Each party shall have one peremptory
challenge pursuant to CCP §170.6. The referee shall (i) be requested to set the matter for hearing within sixty (60) days after the Claim, Date and (ii) try any and
all issues of law or fact and report a statement of decision upon them, if possible, within ninety (90) days of the Claim Date. Subject to the provision of Section 13(a)(iii), any
decision rendered by the referee will be final, binding and conclusive and judgment shall be entered pursuant to CCP §644 in any court in the State of California having jurisdiction. Any
party may apply for a reference 

21

 

proceeding
at any time after thirty (30) days following notice to any other party of the nature of the controversy, dispute or claim, by filing a petition for a hearing and/or trial. All
discovery permitted by this Warrant shall be completed no later than fifteen (15) days before the first hearing date established by the referee. The referee may extend such period in the event
of a party's refusal to provide requested discovery for any reason whatsoever, including, without limitation, legal objections raised to such discovery or unavailability of a witness due to absence or
illness. No party shall be entitled to "priority" in conducting discovery. Depositions may be taken by either party upon seven (7) days written notice, and request for production or inspection
of documents shall be responded to within ten (10) days after service. All disputes relating to discovery which cannot be resolved by the parties shall be submitted to the referee whose
decision shall be final and binding upon the parties. Pending appointment of the referee as provided herein, the Court is empowered to issue temporary and/or provisional remedies, as appropriate. 

         (ii)  Except
as expressly set forth in this Warrant, the referee shall determine the manner in which the reference proceeding is conducted including the time and place of all
hearings, the order of presentation of evidence, and all other questions that arise with respect to the course of the reference proceeding. All proceedings and hearings conducted before the referee,
except for trial, shall be conducted without a court reporter except that when any party so requests, a court reporter will be used at any hearing conducted before the referee. The party making such a
request shall have the obligation to arrange for and pay for the court reporter. The costs of the court reporter at the trial shall be borne equally by the parties. 

        (iii)  The
referee shall be required to determine all issues in accordance with existing case law and the statutory laws of the State of California. The rules of evidence
applicable to proceedings at law in the State of California will be applicable to the reference proceeding. The referee shall be empowered to enter equitable as well as legal relief, to provide all
temporary and/or provisional remedies and to enter equitable orders that will be binding upon the parties. The referee shall issue a single judgment at the close of the reference proceeding which
shall dispose of all of the claims of the parties that are the subject of the reference. The parties hereto expressly reserve the right to contest or appeal from the final judgment or any appealable
order or appealable judgment entered by the referee. The parties hereto expressly reserve the right to request findings of fact, conclusions of laws, a written statement of decision, and the right to
move for a new trial or a different judgment, which new trial, if granted, is also to be a reference proceeding under this provision. 

        (iv)  In
the event that the enabling legislation which provides for appointment of a referee is repealed (and no successor statute is enacted), any dispute between the
parties that would otherwise be determined by the reference procedure herein described will be resolved and determined by arbitration. The arbitration will be conducted by a retired judge of the
Court, in accordance with the California Arbitration Act, §1280 through §1294.2 of the CCP as amended from time to time. The limitations with respect to discovery as set forth
hereinabove shall apply to any such arbitration proceeding. 

        (b)    Notices.    All notices, requests and other communications to any party hereunder shall be in writing
(including facsimile transmission or similar writing) and shall be given to such party at its address or facsimile number set forth below or such other address or facsimile number as such party may
hereafter specify by notice to the other party in accordance with this Section 13(b). Each such notice, request or other communication shall be deemed given on the second business 

22

 

day
after mailing; provided that actual notice, however and from whomever given or received, shall always be effective on receipt. 

	To the Company:	 	Digital Theater Systems, Inc.

5171 Clareton Drive

Agoura Hills, CA 91301
	 	 	Attention:

Telephone:

Facsimile:	 	General Counsel

(818) 706-3525

(818) 06-1868
	

with a copy

(which shall not

constitute notice)	
 	

Heller Ehrman White & McAuliffe LLP

4350 La Jolla Village Drive, 7th Floor

San Diego, CA 92122-1246
	to:	 	Attention:

Telephone:

Facsimile:	 	Michael S. Kagnoff, Esq.

(858) 450-8400

(858) 450-8499
	

To the

Warrantholder(s)

or holder(s) of

Warrant Shares:	
 	

Comerica Incorporated

5 Palo Alto Square, Suite 800

3000 El Camino Real

Palo Alto, CA 94306
	 	 	Attention:

Telephone:

Facsimile:	 	Warrant Administrator

(650) 846-6823

(650) 846-6830

        (c)    Successors and Assigns.    This Warrant shall be binding upon and inure to the benefit of the Company, the
Warrantholder(s) and the holder(s) of Warrant Shares and the successors, assigns and transferees of the Company, the Warrantholder(s) and the holder(s) of Warrant Shares. 

        (d)    Attorneys' Fees.    The Company agrees to pay, on demand, all attorneys' fees (including attorneys' fees
incurred pursuant to proceedings arising under the Bankruptcy Code) and all other costs and expenses which may be incurred by the Warrantholder(s) and the holder(s) of Warrant Shares in connection
with any amendment to this Warrant and/or in connection with the enforcement of this Warrant, whether or not suit is brought. 

        (e)    Entire Agreement; Amendments and Waivers.    This Warrant sets forth the entire understanding of the parties
with respect to the transactions contemplated hereby. The failure of any party to seek redress for the violation or to insist upon the strict performance of any term of this Warrant shall not
constitute a waiver of such term and such party shall be entitled to enforce such term without regard to such forbearance. This Warrant may be amended, the Company may take any action herein
prohibited or omit to take action herein required to be performed by it, and any breach of or compliance with any covenant, agreement, warranty or representation may be waived, only if the Company has
obtained the written consent or written waiver of the majority in interest of the Warrantholders, and then such consent or waiver shall be effective only in the specific instance and for the specific
purpose for which given. 

        (f)    Severability.    If any term of this Warrant as applied to any person or to any circumstance is prohibited,
void, invalid or unenforceable in any jurisdiction, such term shall, as to such jurisdiction, be ineffective to the extent of such prohibition or invalidity without in any way affecting any other term
of this Warrant or affecting the validity or enforceability of this Warrant or of such provision in any other jurisdiction. 

        (g)    Headings.    The headings in this Warrant are inserted only for convenience of reference and shall not be used
in the construction of any of its terms. 

[SIGNATURE
PAGE TO FOLLOW] 

23

 

        IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly authorized officer effective as of February 27, 2004. 

	 	 	DIGITAL THEATER SYSTEMS, INC.,

a Delaware corporation
	

 	
 	

By:	
 	

/s/  JON E. KIRCHNER      

	 	 	 	 	Name:	 	Jon E. Kirchner
	 	 	 	 	Title:	 	President and Chief Executive Officer
	

ACKNOWLEDGED:	
 	

 	
 	

 	
 	

 
	

WARRANT HOLDER:	
 	

COMERICA INCORPORATED,

a Delaware corporation
	

 	
 	

By:	
 	

/s/  LAURA BLAKELY      

	 	 	 	 	Name:	 	Laura Blakely
	 	 	 	 	Title:	 	First Vice President

24

QuickLinks

EXHIBIT 10.19

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