Document:

EX-10.46

 Exhibit 10.46 

PROPERTY MANAGEMENT AGREEMENT 

THIS AGREEMENT (this “Agreement”) made as of the 7th day of August, 2013 

B E T W E E N: 
 CNBB Owner LLC, a
limited liability company formed under the laws of Delaware (hereinafter called the “Company”); 
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PARAMOUNT GROUP, INC., a corporation incorporated under the laws of Delaware (hereinafter called “PGI”). 

IN CONSIDERATION of the mutual promises and the mutual covenants set forth in this Agreement and other good and valuable consideration, the
parties hereto respectively covenant and agree as follows: 
 1. Subject to the provisions hereinafter contained, the Company does hereby
appoint PGI for and during the term of this Agreement as Manager (A) of the affairs of the Company as more specifically described in Article 2 and (B) with respect to the business at that certain office building owned by the Company and
commonly known as the Commercial National Bank Building, which building is located at 700 14th Street, NW in the District of Columbia (the “Building”) as more specifically described in Article 3 hereof, and PGI does hereby
accept such appointment and agrees to use commercially reasonable efforts in carrying out its responsibilities as Manager, in good faith and in accordance with the provisions of this Agreement. The Company undertakes not to appoint any other manager
or managing agent for the purposes described in Articles 2, 3 and 4 hereof during the term of this Agreement or any renewal thereof beside or instead of PGI except as otherwise permitted by this Agreement. Both parties acknowledge that PGI can
render services to others and need not devote its efforts to the Company exclusively, but need only devote such resources to the Company as are reasonably necessary to fulfill the terms of this Agreement. 

2. In its capacity as Manager, PGI shall be responsible for the management of the day to day affairs of the Company and shall make and carry
out such decisions and perform such acts as may be required and as may be in the best interests of the Company and, without limiting the generality of the foregoing, PGI shall: 

(a) Maintain and be responsible for the books and records, kept in accordance with generally accepted accounting principles or any other
accounting method acceptable to the Company, and all other documents or records required to be maintained by the Company and as may be used in connection with its affairs, including the Minute Book and other limited liability company records; 

 (b) Prepare, or cause to be prepared, all returns, statements, declarations, etc. (including,
without limitation, any such items which are required to be prepared in connection with, or with respect to, real property taxes relating to the Building) which may from time to time be required by any municipal, state, federal or other statutory
authority having jurisdiction over the Company; 
 (c) Prepare, or cause to be prepared, and deliver to the Sole Member of the Company,
annual budgets as more fully described in Article 17 hereof, quarterly Statements of Profit and Loss and annual financial statements relating to the affairs of the Company, which annual financial statements shall include a Statement of Profit and
Loss, Balance Sheet and such other or ancillary statement as may be required; 
 (d) Prepare, or cause to be prepared, such limited
liability company Minutes, Resolutions and Returns, etc. as may be required by law and shall cause to be maintained a Members’ and Company Interest Transfer Register on behalf of the Company; 

(e) File, or cause to be filed, on behalf of the Company tax returns (federal, state and municipal) as well as such other returns as may be
required to be completed by the Company pursuant to the laws of the United States or of any state or municipality in which the Company may conduct business; 

(f) Advise on all manners of financing, both short and long term, as may be required by the Company, and arrange any financing approved by the
Company; and 
 (g) Obtain such licenses and permits as may be required under law in connection with the Company’s organization,
existence or qualification to transact business. 
 3. PGI agrees to manage the Building on behalf and in the best interests of the Company
during the term of this Agreement in a faithful, diligent and honest manner and is hereby authorized to enter into such contracts and agreements as Manager of the Building as PGI considers necessary or advisable in the performance of the following
duties: 
 (a) To use its commercially reasonable efforts to arrange for the performance of all covenants, duties and obligations of the
Company pursuant to all leases and tenancy agreements which are in effect during the term of this Agreement insofar as such performance is consistent with the terms of this Agreement and any subsequent written instruction given from time to time by
the Company; 
 (b) To collect all rents and, where applicable, additional rents payable pursuant to escalation clauses, maintenance,
parking and other charges payable by the tenants or occupants of the Building and any other monies 

  
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to which the Company may be entitled in connection with the operation of the Building; to deposit all amount collected in a trust account in a bank approved by the Company; and, if required by
law, to establish, administer and maintain a separate account for security deposits obtained from tenants of the Building; 
 (c) To hire in
the name of PGI and at compensation levels (including benefits) deemed suitable by PGI all building staff (hereinafter “Building Staff) required for the proper operation and maintenance of the Building and its equipment, and to supervise
and direct the work of all Building Staff. Such expenses shall be reimbursed to PGI by the Company. For the purposes of this Agreement, “Building Staff” is defined to include the Building manager, engineering personnel, maintenance
personnel, rental agents or any lower position of employment directly related to the Building. PGI shall not discriminate against any employee or applicant for employment because of race, creed, sex or national origin. In the event that the Building
is no longer managed by PGI and it accordingly becomes necessary to terminate Building Staff whose salaries were previously paid at the Company’s expense, all costs and damages related to the termination of Building Staff shall be borne by the
Company, including all costs and damages related to subsequent claims for wrongful dismissal. PGI shall make reasonable efforts to ensure that all terminations, whether necessitated through a reduction in the management portfolio or otherwise, are
carried out on an equitable basis and in accordance with all applicable labor laws. PGI shall ensure that all Building Staff and other employees involved with the management of the Building are bonded under a blanket fidelity insurance policy. That
portion of the premium applicable to Building Staff shall be borne by the Company. 
 (d) To direct and supervise any persons employed
pursuant to this Agreement for the operation and maintenance of any heating, ventilating, air-conditioning and other equipment which the Company desires or is obligated to operate and maintain and to arrange for any technical assistance to and/or
instruction of Building Staff which may be required for the proper operation and maintenance of such equipment; 
 (e) To specify duties and
arrange for the preparation of any work schedules necessary to direct the activities of Building Staff and to provide such supervision as may be reasonably required in PGI’s opinion to verify the adequacy with which any such duties and work are
being performed; 
 (f) To arrange for the supply as may be required of electricity, gas, steam, fuel, water, telephone and other services
and to arrange through use of Building Staff and/or independent contractors (as in each instance may seem the more desirable) for the effective and economical operation, maintenance and repair of the Building and its equipment (including, without
limitation, any heating, ventilating, air-conditioning, plumbing, 

  
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electrical and elevator equipment) as may be required by the Company or deemed desirable by PGI or so as to comply with the enforcement of any regulations and requirement of which PGI is notified
by the local board of health, police and fire departments and any other municipal, state and federal authorities having jurisdiction which affect the Building and, without limiting the generality of the foregoing, such arrangements shall include
those for janitorial service and any other cleaning, including windows, building security, pest control, removal of litter, disposal of waste, snow and ice removal, landscaping and grounds maintenance, painting and redecoration, and alterations,
including interior finishing work. PGI agrees to make commercially reasonable efforts to obtain a final lien waiver prior to disbursement of the final construction draw for all tenant construction; 

(g) To arrange for the payment (subject to the availability of funds of the Company in the PGI trust account) firstly of all operational
expenses and thereafter of such debt service and municipal tax obligations as may be requested by the Company, and to cooperate with the Company and its legal or other appointed representatives in connection with the entering and processing of any
appeals regarding municipal tax assessments levied against the Building; 
 (h) To arrange for any insurance coverages required in
PGI’s reasonable judgment unless otherwise directed by the Company in writing, such insurance to include comprehensive general liability and fidelity insurance and coverage against fire or other perils, loss of rental income, plate glass
damage, money loss and damage to boiler and machinery. All insurance coverage shall (i) be placed through and with such companies and in such amounts as are selected by PGI, and (ii) conform to the requirements of any mortgage or ground
lease of the Building. PGI may maintain any of the insurance coverage required hereunder pursuant to a blanket or umbrella policy covering the Building and other property and assets not constituting a part of the Building or assets of the Company;
provided that any such blanket policy shall (i) specify any sublimits in such blanket policy applicable to the Building, and (ii) provide the same coverage and protection as would a separate policy insuring only the Building. The Company
acknowledges and agrees that PGI shall not be responsible for the solvency of the issuer of any insurance policy maintained in accordance with the terms hereof. All such policies of insurance shall name the Company, PGI and such other parties as may
be required by any mortgage or ground lease of the Building as named insureds thereunder, as their respective interests may appear. PGI shall promptly report to the appropriate insurance company all reportable accidents and claims involving bodily
injury or property damage relating to the ownership, operation and maintenance of the Building and any damage to or destruction of the Building. PGI is authorized to settle any and all property damage claims with insurance companies including the

  
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execution of proof of loss, the adjustment of losses, signing of receipts and the collection of money. PGI shall purchase and keep in force statutory workers’ compensation and
employer’s liability insurance for PGI and its employees (including, without limitation, Building Staff), if required by law in the state in which the Building is located. The cost of such insurance with respect to Building Staff shall be
reimbursed to PGI by the Company. An appropriate clause shall be included in, or an endorsement shall be added to, each of the policies for fire or extended coverage insurance and on all other forms of property damage insurance, including, but not
limited to, coverage such as water damage (excluding flood), boiler and machinery insurance, sprinkler leakage insurance covering the Building and/or the personal property, fixtures or equipment located therein, whereby the insurer waives
subrogation or consent to a waiver of the right to recovery against PGI, and having obtained such clause or endorsement of waiver of subrogation or consent to a waiver of right of recovery, the Company hereby agrees that it will not make any claim
against or seek to recover from PGI for any loss or damage to the Building whether covered or not covered by such insurance; 
 (i)
Generally, to do and perform and where desirable, contract (either in its own name or the Company’s name as PGI in each instance may elect) for all things desirable or necessary for the proper and efficient management of the Building (including
the giving of proper attention to any complaints, and endeavoring, as far as is economical, to reduce waste) and to perform every other act whatsoever in or about the Building to carry out the intent of this Agreement; 

(j) From time to time the Company may notify PGI of certain construction projects with respect to the Building which the Company desires to
have completed. Upon receipt of such notice, PGI shall, in the name of and on behalf of the Company, arrange for such contracts and services as may be necessary, in PGI’s judgment, to complete the work specified in the notice. PGI is hereby
specifically authorized to act as the construction manager and execute on behalf of the Company any such contracts in connection with such work. PGI shall, before, during and after completion of any construction work performed with respect to the
Building, do all things which are reasonably necessary or, in PGI’s judgment, advisable to coordinate, supervise, inspect and manage such construction work. PGI shall obtain approval of the Company prior to expending such amounts which would
exceed one hundred fifteen percent (115%) of the cost of such construction project agreed upon by PGI and the Company under this Article 3(j); and 

(k) To invest funds held by PGI on behalf of the Company in short-term bank deposits, as approved by the Company. 

  
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 4. PGI shall coordinate with the Sole Member of the Company with respect to all of the
Company’s property, real and personal, and perform such services if and when reasonably requested by the Company, provided that such services are customarily performed by a manager of assets similar to the Building, including, without
limitation, the following: 
 (a) PGI will prepare on an annual basis target annual return and capital values based upon forecasted net cash
flow from the Company’s assets (including, but not limited to, the Building), reasonably foreseeable market conditions and reasonably foreseeable capital market conditions affecting the value of comparable properties. 

(b) PGI will from time to time advise the Company concerning strategic alternatives for realizing the maximum value of the Company’s
assets (including, but not limited to, the Building). 
 (c) PGI will periodically, but no less frequently than annually, prepare operating
strategies for the Company’s review. 
 (d) PGI will annually apprise the Company of office market developments that affect the
relevant competitive market and supply and demand in such market. 
 (e) PGI will assist the Company in supervising and overseeing the
performance of the Company’s assets (including, but not limited to, the Building). 
 (f) PGI will recommend and coordinate with
special consultants that may be retained by the Company to formulate an effective strategy for improving the performance of the Company’s assets (including, but not limited to, the Building). 

(g) PGI will prepare each proposed annual budget and coordinate the submission of such proposal to the Company for approval. 

Nothing in this Agreement shall obligate the Company to request or follow any advice of PGI with respect to the management of the Company’s assets. 

5. PGI shall be entitled to disburse from the monies from time to time held by it in trust for the Company all costs and expenses incurred in
providing the services agreed upon in Article 3 above, except for the remuneration and other payroll cost of PGI’s administrative and supervisory personnel not employed as Building Staff. 

In the event that the amount of costs and expenses incurred by PGI in the management of the Building exceeds the amount held in trust by PGI
for the Company, PGI shall thereupon furnish the Company with an accounting of same and the Company shall be obligated to immediately furnish PGI with sufficient funds to pay the costs and expenses which it has so incurred on behalf of the Company.
PGI shall, from time to time, as and when so instructed by the Company, distribute the funds (or any portion thereof as the Company may specify) held in trust by PGI for the Company. Such distributions shall be made to the Company and/or its
constituent partners, as the Company may instruct PGI. 

  
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 6. PGI shall keep and retain full and proper records regarding all financial transactions
involved in the management of the Building and shall make available to the Company within forty-five (45) days after the end of each fiscal quarter a statement of receipts and disbursements showing all rents and other monies collected and
receivable and all disbursements made during such quarter. Such records shall be kept in accordance with generally accepted accounting principles or any other accounting method acceptable to the Company. All such records shall be made available to
the Company, the Company’s Sole Member and the Company’s auditors or other designated representatives at reasonable times whenever requested. 

7. PGI will use its commercially reasonable efforts to lease Building space in accordance with prudent management practices having regard to
current market conditions and the rental policy of the Company to the extent the Company has notified PGI of such policy. In this capacity, PGI will advertise and promote available space and will establish contact with both tenants and leasing
brokers. 
 (a) PGI shall review rental applications and offers to lease. Upon the execution of this Agreement by both parties hereto, PGI
is authorized on behalf of the Company to negotiate, prepare and execute leases and renewals on appropriate forms; to receive plans and specifications for any tenant changes or leasehold improvements, to arrange for any municipal or governmental
approvals necessary; to arrange (subject to the provisions of Article 3(i) hereof) for the completion of work required of the Company, and for the payment of any allowance or contribution from the Company to which a tenant may be entitled; and to
terminate leases and, if deemed necessary, take action as may be required to enforce the performance of such leases. 
 (b) PGI shall be
authorized to disburse required leasing commissions. Where PGI concludes a final leasing contract without the involvement of a commissioned leasing broker, PGI shall be entitled to receive the then- current standard leasing commission otherwise
payable to a broker unless otherwise agreed upon. 
 (c) PGI shall periodically inform the Company with regard to the leasing activities
performed under this Article 7. 
 8. The Company will be responsible for all advertising costs, whether incurred in PGI’s leasing
efforts or whether incurred in the hiring of Building Staff. 
 9. Any plans, drawings, specifications and architectural or engineering
assistance which may be necessary or desirable to enable PGI to discharge its duties pursuant to this Agreement shall be provided at the expense of the Company. If the Building or any part or extension thereof is in the course of construction during
the term of this Agreement, the 

  
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Company will arrange with all contractors, architects and engineers which it has retained to afford PGI and its representatives reasonable opportunity to inspect the Building and any part or
extension thereof as well as providing all plans and specifications relevant to such construction to the extent required by PGI to discharge its obligations under this Agreement. 

10. PGI shall have the right to place any management signs on or about the Building at its own expense provided, that the size and placement
of such signs (a) do not impair the aesthetic and overall appearance of the Building including surrounding landscaping and (b) are not in contravention of any applicable law. 

11. (a) PGI shall have the right, but not the obligation, to commence any action or other legal proceedings on behalf of the Company or to
take any legal remedies available to the Company for the recovery of any owing and unpaid rent, to settle, compromise or discontinue any such proceedings and to enter and recover by distress all sums of monies on non-payment of rent or other monies
on which distress may be made, and in case of breach of covenant by any tenant or occupant, to take such proceedings by re-entry or action as it may think fit. In connection with all of the foregoing, PGI shall have the right, as attorney of the
Company, and the Company does hereby appoint PGI as its attorney, to execute any and all documents which PGI may consider necessary or desirable to enable it to fully carry out the powers granted to it hereby. 

(b) PGI shall be entitled to charge as a disbursement pursuant to the provisions of Article 5 of this Agreement all collection expenses
incurred hereunder including all legal and tracing fees and any other similar expenses except for the remuneration and other payroll cost of PGI’s administrative and supervisory personnel not employed as Building Staff. 

12. PGI shall not be liable to the Company for any arrears in the collection of rentals or other payments due from tenants or occupants of the
Building or anyone with respect to the operation of the Building, or as a result of any damage or other loss affecting the Building or its equipment or contents, or for any error in judgment or for anything which it may do or refrain from doing
unless any resulting damage, loss, injury or liability has been caused by the gross negligence or the willful misconduct of PGI or any of its employees; nor shall PGI be liable to the Company for PGI’s failure to perform any of the obligations
set forth in this Agreement if such failure is occasioned by or results from destruction or damage to the Building by fire or other causes, a strike or lockout, a civil commotion or disturbance, an act of God, a supervening illegality or any other
act or cause which is beyond the reasonable control of PGI. 
 13. The Company shall, during and after the term of this Agreement, indemnify
and save PGI completely free and harmless from any and all damages or injuries to persons or property, or claims, actions, obligations, liabilities, costs, expenses and fees arising from any cause whatsoever, provided PGI is carrying out the
provisions of this Agreement and/or is acting upon the subsequent directions of the Company. The Company agrees to defend promptly and diligently at its own expense any claim, action or proceeding brought against the Company or PGI, jointly or
severally, arising out of or in connection with any of the foregoing and to hold harmless and fully indemnify PGI from any judgment, loss or settlement on account thereof. The provisions of this Article shall survive the expiration or earlier
termination of this Agreement. 

  
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 14. PGI shall, during and after the term of this Agreement, indemnify and save the Company
completely free and harmless from any and all damages or injuries to persons or property, or claims, actions, obligations, liabilities, costs, expenses and fees by reason of any cause whatsoever if PGI has not reasonably carried out the provisions
of this Agreement or if caused as a result of the gross negligence or the willful misconduct of PGI or any of its employees. PGI agrees to provide the Company with evidence that PGI is maintaining adequate liability and blanket fidelity insurance
for the purpose of indemnifying the Company pursuant to this Article which evidence shall include an undertaking that PGI’s insurer will provide the Company with at least ten (10) days’ prior written notice of cancellation or any
material change in the provisions of such insurance policy. The provisions of this Article shall survive the expiration or earlier termination of this Agreement. 

15. Notwithstanding anything to the contrary herein contained, under no circumstances shall PGI be liable to the Company for the value, cost
or amount of any loss (direct or consequential) or damage to the Building or its contents, against which the Company is insured and thereby entitled to indemnification from its insurers. 

16. PGI shall receive its instructions from, and shall report directly to, the President or the Board of Directors of the Sole Member of the
Company and shall be entitled to rely upon instructions received from the Sole Member’s President or Board of Directors. 
 17. (a) On
or before the 31st day of March of each year PGI shall submit to the Company a proposed budget (the “Proposed Budget”) for that fiscal year, with necessary explanations and commentary. 

(b) Not later than 30 days after the submission of the Proposed Budget to the Company by PGI, the Company shall notify PGI, either orally or
in writing, of its approval of the Proposed Budget and of any decisions resulting from the Company’s review which are contrary to what was included in the Proposed Budget. Upon approval by the Company or in the absence of specific instructions
from the Company requiring departure therefrom, the Proposed Budget shall be deemed to be approved. (The Proposed Budget most recently approved, or deemed to have been approved, by the Company is referred to herein as the “Approved
Budget”.) 
 18. In order to ensure to the Company the satisfactory performance by PGI of its duties and responsibilities as herein
contained and accepted by it, PGI agrees to maintain such personnel in its employ as may reasonably be required and further agrees to allow one or more of its designated employees to stand for election as an officer or officers of the Company for
the term of this Agreement or any renewal thereof at the pleasure of the Board of the Company. 
 19. In carrying out its function as
Manager, PGI shall be entitled to engage on behalf of the Company counsel, auditors and tax advisors, and such other professional advisors 

  
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as may be required from time to time, the cost of which professional advisors shall be charged to and be paid by the Company. Notwithstanding the foregoing, the selection of the Company’s
auditors shall be subject to the approval of the Company. The Company hereby approves the retention of Deloitte & Touche LLP as the Company’s certified public accountants. 

20. PGI shall at all times so long as this Agreement is in effect be an independent contractor, not subject to the direction of the Company
except as stated herein, and nothing in this Agreement shall constitute PGI and the Company as joint venturers, partners or agents of each other, and neither shall have the power to bind or obligate the other except as set forth in this Agreement.

 21. In consideration of the services rendered by PGI, the Company agrees to pay to PGI the following fees: 

(a) For services rendered as Manager, pursuant to Article 2 hereof and Article 3 hereof, the fees as set forth in the fee schedule attached as
Appendix I hereto. The fee payable to PGI for its services as Manager shall be payable in monthly installments, in advance, based upon the Approved Budget, and adjusted no later than February 28 of the following year for differences
between Approved Budget and actual numbers, if any. 
 (b) Concurrently with the funding of the initial mortgage financing (and any
refinancing or replacement thereof) to be obtained by the Company with respect to the Building, the Company shall pay PGI a fee equal to Twenty-Five One Hundredths of One Percent (.25%) of the aggregate face amount of the initial mortgage financing
(and any refinancing or replacement thereof) for services rendered by PGI in connection with such financing (or refinancing or replacement, as the case may be). 

(c) In addition to any other amounts payable to PGI hereunder, PGI shall be entitled to (1) an acquisition fee (“Acquisition
Fee”) from the Company calculated in the manner set forth on the fee schedule attached hereto as Appendix II, which Acquisition Fee shall be payable in accordance with the terms set forth in Appendix II and (2) a disposition fee
(“Disposition Fee”) from the Company calculated in the manner set forth on the fee schedule attached hereto as Appendix III, which Disposition Fee shall be payable in accordance with the terms set forth in Appendix III. 

Notwithstanding anything in this Agreement to the contrary, with respect to Acquisition Fee and the fee applicable to the initial mortgage
financing, the Company acknowledges and agrees that PGI has provided services which pre-date the term of this Agreement and that PGI shall be paid such fees as of the date that the Company acquires the Building. 

  
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 22. (a) The term of this Agreement shall commence as of the date hereof and shall continue
for a duration of one (1) year and, at the expiration of such year, shall extend automatically for an additional year unless automatic extension is terminated by either party giving three (3) months’ written notice to the other before
the end of any calendar year. 
 (b) Notwithstanding the foregoing, in the event that a petition in bankruptcy is filed by or against either
the Company or PGI which is not dismissed within 60 days or if either shall make an assignment for the benefit of creditors, either party may terminate this Agreement upon thirty (30) days’ written notice to the other. Where the petition
in bankruptcy is filed against the Company or the assignment is made by the Company, immediately upon delivery of notice of termination the Company shall pay PGI an amount equal to one and one-half (1 1/2) years, total compensation for services as
Manager pursuant to Article 21 based upon the immediately preceding one and one-half (1 1/2) calendar years. 
 (c) In the event that the
Building is sold, concurrently therewith or at any time thereafter, each of the Company and PGI shall have the right to terminate this Agreement. Upon the termination of this Agreement pursuant to the foregoing sentence, or upon any other
termination of this Agreement in accordance with its terms, the Company shall pay the Disposition Fee to PGI at such time and in such manner as is more particularly described in Appendix III. 

(d) PGI shall be deemed to be in default hereunder in the event PGI shall fail to materially keep, observe or perform any covenant, agreement,
term or provision of this Agreement to be kept, observed or performed by PGI and such default shall continue for a period of thirty (30) days after notice thereof by the Company to PGI; provided, however, that if such failure is
not susceptible of cure within such thirty (30) day period and PGI has commenced and is diligently attempting to cure such failure, then PGI shall have an additional sixty (60) days in which to cure such failure. Upon the occurrence of an
event of default by PGI, the Company shall be entitled to terminate this Agreement, effective thirty (30) days after notice to PGI of the Company’s intention to terminate this Agreement. 

23. Upon the termination of this Agreement: 

(a) PGI shall, as soon as possible thereafter, render a final accounting to the Company and pay over any remaining balance in the PGI trust
account to the Company (less any amounts necessary to satisfy commitments made by PGI to others prior to the date of termination), and 

(b) PGI shall surrender to the Company all lease agreements and other files, books, records, contracts and information which may be requested
by the Company and which are required or appropriate in connection with the continuing ownership, use and operation of the Building, all of which 

  
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are and shall be the Company’s property, subject to the proviso that the Company shall reimburse PGI for any reasonable costs in connection with reproduction of documents and information
which PGI in its reasonable discretion feels it should retain to support and/or verify its actions during the term of this Agreement, and 

(c) the Company shall assume PGI’s obligations under any and all contracts which PGI has made in accordance with the terms hereof for the
purpose of arranging the services to be provided pursuant to this Agreement. 
 24. Any notices required to be given by either party to the
other shall be sufficiently given if delivered or mailed by prepaid registered post addressed to (a) the Company at Suite 1801, 1633 Broadway, New York, New York 10019, and (b) PGI at Suite 1801, 1633 Broadway, New York, New York 10019,
Attention: Albert P. Behler, with a copy to Willkie Farr & Gallagher, 787 Seventh Avenue, New York, New York 10019, Attention: Thomas Henry, Esq. Any such notice shall be conclusively deemed to have been given and received at the time of
its personal delivery by one party to the address of the other or, in the event of service by mail, on the next business day after the day of such mailing. Either party may, by notice in writing to the other, designate another address to which
notices mailed more than ten (10) days after the giving of such notice of change of address shall be addressed. 
 25. The Company
shall furnish to PGI from time to time as required a list showing the names, addresses and telephone numbers of those officers, directors or other representatives of the Company (or its Sole Member) who, subject to the terms of the Company
Agreement, are authorized to act for and on behalf of the Sole Member whenever PGI is required under the terms of this Agreement to consult with the Company and/or to obtain the Company’s approval before proceeding with any work, act or
actions. 
 26. This Agreement is the entire agreement between the parties with respect to the subject matter hereof and no alteration,
modification or interpretation hereof shall be binding unless in writing and signed by both parties. 
 27. This Agreement is not assignable
by PGI without the prior written consent of the Company, except to an Affiliate (as such term is defined in the Company Agreement) of PGI. Without limiting the foregoing sentence, without the prior consent of the Company, PGI shall not retain or
appoint a sub-manager to perform PGI’s duties hereunder. 
 28. If any provision of this Agreement or application to any party or
circumstances shall be determined by any court of competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this Agreement or the application of such provision to such person or circumstances, other than those as to
which it is so determined invalid or unenforceable, shall not be affected thereby and each provision hereof shall be valid and shall be enforced to the fullest extent permitted by law. 

29. The law of the State of New York shall apply to any matter or dispute arising out of, or in the course of, this Agreement, and the parties
hereto agree to submit to the jurisdiction of the laws of the State of New York and the courts thereof shall have exclusive jurisdiction with respect to any matter arising out of this Agreement. 

  
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 30. In any proceeding brought by either party hereto to enforce the provisions of this Agreement,
the prevailing party therein shall be entitled to reasonable attorneys’ fees and disbursements incurred in connection with such enforcement. 

31. PGI shall look only to the assets of the Company (including, but not limited to, the Company’s interest in the Building) for the
collection of any judgment (or other judicial process) requiring the payment of money by the Company in the event of a breach or default under this Agreement by the Company, and no property or assets of any direct or indirect owner of an interest in
the Company, or any officers, directors, partners, members, other principals or employees of the Company or any such direct or indirect owner (each a “Company Protected Person”), shall be subject to levy, execution or other
enforcement procedures for the satisfaction of any such judgment (or other judicial process). In confirmation of the foregoing, if PGI shall acquire a lien on any property or assets of any Company Protected Person, by judgment or otherwise, PGI
shall promptly release such lien by executing and delivering an instrument in recordable form to that effect, which instrument shall be prepared by the Company or such Company Protected Person and shall be acceptable in form to PGI. 

32. The Company shall look only to the assets of PGI for the collection of any judgment (or other judicial process) requiring the payment of
money by PGI in the event of a breach or default under this Agreement by PGI, and no other property or assets of any direct or indirect owner of an interest in PGI, or any officers, directors, partners, members, other principals or employees of PGI
or any such direct or indirect owner (each a “PGI Protected Person”), shall be subject to levy, execution or other enforcement procedures for the satisfaction of any such judgment (or other judicial process). In confirmation of the
foregoing, if the Company shall acquire a lien on any property or assets of any PGI Protected Person, by judgment or otherwise, the Company shall promptly release such lien by executing and delivering an instrument in recordable form to that effect,
which instrument shall be prepared by such PGI Protected Person and shall be acceptable in form to the Company. In addition, the maximum amount for which PGI shall be liable for the collection of any judgment (or other judicial process) requiring
the payment of money hereunder shall not exceed, in the aggregate, the amount of management fees received by PGI pursuant to this Agreement during the two (2) year period immediately preceding the date of such judgment or other judicial
process. 
 33. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all such
counterparts together shall constitute one and the same instrument. 
 34. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and assigns. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 

  
 -13- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered on
the day and year first above written. 
  

					
	CNBB OWNER LLC,
	a Delaware limited liability company
		
	By:	 	 /s/ Daniel A. Lauer

		 	Name:	 	Daniel A. Lauer
		 	Title:	 	Vice President
	
	PARAMOUNT GROUP, INC.
		
	By:	 	 /s/ Gage R. Johnson

		 	Gage R. Johnson
		 	Senior Vice President

 [SIGNATURE PAGE TO PROPERTY
MANAGEMENT AGREEMENT] 

  
 -14- 

 APPENDIX I 

FEE SCHEDULE 
 FOR
SERVICES AS MANAGER 
 Three Percent (3.0%) of Building’s Annual Gross Revenue 

“Gross Revenue” is hereby defined to be the total of all sums billable as rent and other charges pursuant to leases of space
(the term “leases” to include both written and oral tenancy arrangements of any kind, irrespective of the term thereof), and the gross amount of all other revenue derived from the Building including, but not limited to: escalations of rent
resulting from increases in taxes and operating expenses; recoveries of taxes; operating expenses and other expenses; and the proceeds of rental value insurance coverage. 

Gross Revenue does not mean or include payments by tenants for leasehold improvements in excess of the building standard which are paid for by
the tenant at the time such improvements are made, sums collected or received as proceeds from property damage insurance, any award in condemnation, or security deposits unless and until such deposits are applied to any obligation of a tenant. 

(Continued on following page) 

			
	Construction Services:
		
	Capital Expenditures	  	3% of all costs, including general conditions, subcontractor costs, general contractor fees, hard costs and soft costs (consultants, attorneys, architects) but not financing costs.
		
	Note:	  	No fee payable on personal property purchased for or leased on behalf of a property which requires little or no installation or set-up effort by PGI personnel.
		
	Tenant Improvements/Tenant Allowance	  	3% of cost of improvement and/or tenant allowance.
	(when PGI supervises work)	  	
		
	Sprinklers	  	Fixed fee.
		
	Insurance Claims	  	Negotiated.
		
	Construction Renovations	  	3% fee to be earned by and paid to PGI on the basis of costs incurred to total project proforma costs, excluding PGI fees and financing. Fee subject to adjustment if scope of work or initial project budget changes.

 Applicable to all capital improvement, construction, and renovation fees: 

 

	 	1.	No fees are to be applicable to acquisition of personal property, or contingencies. 

  

	 	2.	Project costs are to include all general conditions plus field office expenses and personnel, i.e. site superintendent, on-site tenant coordinators, etc. and other similar costs directly related to project.

  

	 	3.	PGI retains the right to recover all out-of-pocket costs directly related to the project, i.e. cost of travel to and from project by corporate personnel, overnight document delivery, postage, photocopy,
telephone, fax costs, data processing, etc. 

  

									
	Agreed:	 		 	
			
	Date: August 7, 2013	 		 	CNBB Owner LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	 /s/ Vito Messina

		 		 		 	Name:	 	 Vito Messina

		 		 		 	Title:	 	 Vice President

			
		 		 	PARAMOUNT GROUP, INC.
				
		 		 	By:	 	 /s/ Gage R. Johnson

		 		 		 	Name:	 	Gage R. Johnson
		 		 		 	Title:	 	Senior Vice President

 APPENDIX II 

FEE SCHEDULE: 
 ACQUISITION 

One Percent (1%) of the gross consideration paid by the Company in connection with the acquisition of all or any part of the Building. 

The Acquisition Fee shall be payable upon the consummation of the acquisition of the Building. 

 

											
	Agreed:	 		 	
			
	CNBB Owner LLC,	 		 	Witness:
	a Delaware limited liability company	 		 	
			
		 		 	 /s/ David P. Spence

	By:	 	 /s/ Vito Messina
	 		 	Name:	 	David P. Spence
		 	Name:	 	Vito Messina	 		 		 	
		 	Title:	 	Vice President	 		 	
			
	PARAMOUNT GROUP, INC.	 		 	Witness:
			
		 		 	 /s/ David P. Spence

	By:	 	 /s/ Gage R. Johnson
	 		 	Name:	 	David P. Spence
		 	Name:	 	Gage R. Johnson	 		 		 	
		 	Title:	 	Senior Vice President	 		 		 	
				
	Date: August 7, 2013	 		 		 	

 APPENDIX III 

FEE SCHEDULE: 
 DISPOSITION FEE

 Five Tenths of One Percent (.50%) of the gross consideration paid to the Company in connection with a sale or other disposition of all or any part of
the Building; provided, however, if no third party broker is employed to dispose of the Building, PGI shall receive an amount equal to the then-customary full brokerage commission in lieu of the foregoing if such disposition as well as
the decision not to engage a third party broker is approved by the Company. 
 The Disposition Fee shall be payable upon the consummation of the sale or
other disposition of the Building. 
  

											
	Agreed:	 		 	
			
	CNBB Owner LLC,	 		 	Witness:
	a Delaware limited liability company	 		 	
					
		 		 		 		 	 /s/ David P. Spence

	By:	 	 /s/ Vito Messina
	 		 	Name:	 	David P. Spence
		 	Name:	 	Vito Messina	 		 	
		 	Title:	 	Vice President:	 		 	
			
	PARAMOUNT GROUP, INC.	 		 	Witness:
					
		 		 		 		 	 /s/ David P. Spence

	By:	 	 /s/ Gage R. Johnson
	 		 	Name:	 	David P. Spence
		 	Gage R. Johnson	 		 		 	
		 	Senior Vice President	 		 		 	
				
	Date: August 7, 2013EX-10.47

 Exhibit 10.47 

PARAMOUNT GROUP, INC. 
 as Agent
for 
 PGREF I 1633 BROADWAY TOWER, L.P. 

Landlord, 
 -and- 

CNBB-RDF HOLDINGS, LP 
 Tenant. 

L E A S E 
 Dated:
October 27, 2014 

 TABLE OF CONTENTS 

 

					
	 Article
	  	Page	 
	 ARTICLE 1
	  	 	1	  
	 Premises, Term, Purposes and Rent
	  	 	1	  
	 ARTICLE 2
	  	 	3	  
	 Completion and Occupancy
	  	 	3	  
	 ARTICLE 3
	  	 	4	  
	 Use of Premises
	  	 	4	  
	 ARTICLE 4
	  	 	5	  
	 Appurtenances, Etc., Not to be Removed
	  	 	5	  
	 ARTICLE 5
	  	 	7	  
	 Various Covenants
	  	 	7	  
	 ARTICLE 6
	  	 	16	  
	 Changes or Alterations by Landlord
	  	 	16	  
	 ARTICLE 7
	  	 	18	  
	 Damage by Fire, Etc.
	  	 	18	  
	 ARTICLE 8
	  	 	20	  
	 Condemnation
	  	 	20	  
	 ARTICLE 9
	  	 	21	  
	 Compliance with Laws
	  	 	21	  
	 ARTICLE 10
	  	 	22	  
	 Accidents to Plumbing and Other Systems
	  	 	22	  
	 ARTICLE 11
	  	 	23	  
	 Notices and Service of Process
	  	 	23	  
	 ARTICLE 12
	  	 	25	  
	 Conditions of Limitation
	  	 	25	  
	 ARTICLE 13
	  	 	27	  
	 Re-entry by Landlord
	  	 	27	  
	 ARTICLE 14
	  	 	28	  
	 Damages
	  	 	28	  
	 ARTICLE 15
	  	 	30	  
	 Waivers by Tenant
	  	 	30	  
	 ARTICLE 16
	  	 	31	  
	 Waiver of Trial by Jury
	  	 	31	  
	 ARTICLE 17
	  	 	31	  
	 Elevators, Cleaning, Heating, Air Conditioning, Services, Etc.
	  	 	31	  
	 ARTICLE 18
	  	 	35	  
	 Lease Contains All Agreements—No Waivers
	  	 	35	  
	 ARTICLE 19
	  	 	36	  
	 Parties Bound
	  	 	36	  
	 ARTICLE 20
	  	 	37	  
	 Curing Tenant’s Defaults—Additional Rent
	  	 	37	  
	 ARTICLE 21
	  	 	39	  
	 Inability to Perform
	  	 	39	  
	 ARTICLE 22
	  	 	39	  
	 Adjacent Excavation—Shoring
	  	 	39	  

  
 ii 

					
	 ARTICLE 23
	  	 	40	  
	 Article Headings
	  	 	40	  
	 ARTICLE 24
	  	 	40	  
	 Electricity and Water
	  	 	40	  
	 ARTICLE 25
	  	 	43	  
	 Assignment, Mortgaging, Subletting, Etc.
	  	 	43	  
	 ARTICLE 26
	  	 	50	  
	 Escalations
	  	 	50	  
	 ARTICLE 27
	  	 	55	  
	 Subordination
	  	 	55	  
	 ARTICLE 28
	  	 	59	  
	 Miscellaneous
	  	 	59	  
	 ARTICLE 29
	  	 	65	  
	 Layout and Finish
	  	 	65	  
	 ARTICLE 30
	  	 	65	  
	 Insurance
	  	 	65	  
	 ARTICLE 31
	  	 	67	  
	 Security Deposit
	  	 	67	  
	 ARTICLE 32
	  	 	67	  
	 Quiet Enjoyment
	  	 	67	  
	 RULES AND REGULATIONS
	  	 	RR-1	  
	 EXHIBIT A
	  	 	A-1	  
	 RENTAL PLAN
	  	 	1	  
	 EXHIBIT B
	  	 	B-1	  
	 OPERATING EXPENSES
	  	 	1	  
	 EXHIBIT C
	  	 	C-1	  
	 HEATING, VENTILATING AND AIR-CONDITIONING SPECIFICATIONS
	  	 	1	  
	 EXHIBIT D
	  	 	D-1	  
	 CLEANING AND JANITORIAL SERVICES
	  	 	1	  

  
 iii 

 LEASE 

LEASE, dated as of October 27, 2014, between PARAMOUNT GROUP, INC., as Agent for PGREF I 1633 BROADWAY TOWER, L.P. (Landlord), having
offices at 1633 Broadway, Suite 1801, New York, NY 10019 and CNBB-RDF HOLDINGS, LP (Tenant), a Delaware limited partnership and having an office at 1633 Broadway, 18th floor, New York, NY 10019
(Lease). 
 W I T N E S S E T H: 

ARTICLE 1 

Premises, Term, Purposes and Rent 

Section 1.01 Landlord does hereby lease to Tenant, and Tenant does hereby hire from Landlord, subject to any ground and/or
underlying leases and/or mortgages as herein provided, and upon and subject to the covenants, agreements, terms, provisions and conditions of this Lease, for the term herein stated, a portion of the 18th substantially as shown hatched on the rental
plan annexed hereto as Exhibit A, in the building known as and located at 1633 Broadway, New York, New York (Building). Said leased premises, together with all Appurtenances, as herein defined, (except Tenant’s Property, herein defined) are
herein called the “Premises”. The plot of land on which the Building is located is herein called the “Land”. 

Section 1.02 The term of this Lease shall commence on the date hereof (subject to Section 2.02 hereof) (Term Commencement
Date) and shall end five (5) years thereafter (Expiration Date) or on such earlier date upon which said term may expire or be terminated as herein provided or pursuant to law. Notwithstanding the Term Commencement Date, this Lease shall be
effective from and after the date hereof and all of the provisions of this Lease shall be effective as of the date hereof, except for those provisions which specifically commence from and after the Term Commencement Date. 

Section 1.03 The Premises shall be used for the following, but no other purpose, namely: executive and general offices of Tenant
(and customary ancillary uses associated therewith provided the same do not otherwise violate the Certificate of Occupancy for the Building or the remaining terms and conditions of this Lease). 

  
 1 

 Section 1.04 The rent reserved under this Lease for the term hereof shall be and
consist of the following fixed rent (Fixed Rent), namely: $189,810.00 per annum, commencing on the Term Commencement Date and continuing through the balance of the Lease term. The Fixed Rent shall be payable in equal monthly installments in advance
on the first day of each and every calendar month during said term (except that Tenant shall pay the first monthly installment on the execution hereof) , plus such additional rent and other charges as shall become due and payable hereunder, which
additional rent and other charges shall be payable as herein provided; all to be paid to Landlord at PO Box 392041, Pittsburgh, PA 15251-9041, or such other place as Landlord may designate, in lawful money of the United States of America. 

Section 1.05 Tenant does hereby covenant and agree promptly to pay the Fixed Rent, additional rent and other charges herein
reserved as and when the same shall become due and payable, without demand therefor, and without any setoff or deduction whatsoever, and to keep, observe and perform, and permit no violation of, each of Tenant’s obligations hereunder. If the
Fixed Rent shall commence on any date other than the first day of a calendar month, the Fixed Rent for such calendar month shall be prorated. 

Section 1.06 The parties hereby agree that for all purposes of this Lease the rentable area of the Premises is deemed to be 3,330
square feet. Neither party shall make any claim for either an increase or decrease in Fixed Rent or additional rent based on the rentable area of the Premises or any portion thereof being other than as set forth in the preceding sentence. 

Section 1.07 In the event that the Term or Rent Commencement Date or Expiration Date is not a date certain, then Tenant agrees to
execute, within ten (10) days after Landlord makes a request therefor, an agreement setting forth such dates, provided, however, that Tenant’s failure to execute said agreement shall in no way affect such dates or the
validity of this Lease. 
 Section 1.08 If any of the Fixed Rent or additional rent payable under this Lease shall be or become
uncollectible, reduced or required to be refunded because of any legal requirements, Tenant shall enter into such agreement(s) and take 

  
 2 

 
such other legally permissible steps as Landlord may request to permit Landlord to collect the maximum rents which from time to time during the continuance of such legal requirements may be
legally permissible and not in excess of the amounts reserved therefor under this Lease. Upon the termination of such legal requirements, (a) the rents hereunder shall be payable in the amounts reserved herein for the periods following such
termination and (b) Tenant shall pay to Landlord, to the maximum extent legally permissible, an amount equal to (i) the rents which would have been paid pursuant to this Lease but for such legal requirements less (ii) the rents paid
by Tenant during the period such legal requirements were in effect. 
 Section 1.09 In the event any of the conditions
hereinafter set forth in Sections 12.0l(a), 12.0l(b) or 12.0l(c) of this Lease occur at any time prior to the Term Commencement Date, then notwithstanding anything in this Lease or in any bankruptcy or insolvency law to the contrary, this Lease
shall thereupon automatically become null and void ab initio. 
 Section 1.10 Provided that Tenant is not then in
default of any of the terms, conditions, covenants or agreements of this Lease on its part to be performed, the Fixed Rent only shall be abated for the first five (5) months commencing on the Term Commencement Date. The date immediately
following such five (5) month period shall herein be called the “Rent Commencement Date.” 
 Section 1.11
Landlord and Tenant acknowledge that Tenant occupies the Premises pursuant to a certain license (License) dated January 1, 1994 between Landlord, as licensor and successor-in-interest to MRI BROADWAY RENTAL, INC. and FILM MANUFACTURERS, INC.,
as licensee, an entity affiliated with Tenant. Tenant’s continued occupancy of the Premises shall be subject to the provisions of this Lease and not the License. 

ARTICLE 2 

Completion and Occupancy 

Section 2.01 Tenant acknowledges that it has inspected the Premises and agrees to accept possession of same in its
“as-is” physical condition on the Term Commencement Date, it being understood and agreed that Landlord shall not be obligated to perform any alterations, improvements or repairs to the Premises or furnish to or remove from the Premises any
alterations, improvements, fixtures, materials or any other 

  
 3 

 
property whatsoever. Tenant further acknowledges that it shall not be entitled to any free rent (except as set forth in Section 1.10 above), concessions, credits or contributions of money
from Landlord with respect to the Premises. 
 Section 2.02 Tenant shall occupy the Premises as soon as the same are available
for occupancy. Landlord and Tenant agree that any failure to have the Premises available to Tenant for its occupancy on a date certain shall in no way affect the validity of this Lease or the obligations of Tenant hereunder nor shall the same be
construed in any wise to extend the term of this Lease or impose any liability on Landlord. The provisions of this Section 2.02 are intended to constitute “an express provision to the contrary” within the meaning of Section 223-a
of the New York Real Property Law and any other similar law hereafter in force. The Fixed Rent reserved and covenanted to be paid under this Lease shall commence on the Rent Commencement Date. Tenant, by entering into occupancy of any part of the
Premises, shall be conclusively deemed to have agreed that Landlord, up to the time of such occupancy, had performed all of its obligations hereunder with respect to such part and that such part was in satisfactory condition as of the date of such
occupancy unless within ten (10) days after such date Tenant shall give written notice to Landlord specifying the respects in which the same was not in such condition. 

ARTICLE 3 

Use of Premises 

Section 3.01 Tenant shall not use the Premises or any part thereof, or permit the Premises or any part thereof to be used in any
manner which would violate the Certificate of Occupancy for the Building or, for any purpose other than the use hereinbefore specifically mentioned. Those portions, if any, of the Premises, identified as toilets and utility areas shall be used by
Tenant only for the purposes for which they are designed. 
 Section 3.02 Tenant shall not use or permit the use of the Premises
or any part thereof in any way which would violate any of the covenants, agreements, terms, provisions and conditions of this Lease or for any unlawful purposes or in any unlawful manner and Tenant shall not suffer or permit the Premises or any part
thereof to be used in any manner or anything to be done therein or anything to be brought into or kept therein which, in the judgment of Landlord, shall in any way impair or tend to impair the character, reputation or appearance of the

  
 4 

 
Building as a high quality office building, impair or interfere with or tend to impair or interfere with any of the Building services or the proper and economic heating, cleaning, air
conditioning or other servicing of the Building or Premises, or impair or interfere with or tend to impair or interfere with the use of any of the other areas of the Building by, or occasion discomfort, inconvenience or annoyance to, any of the
other tenants or occupants of the Building. No property other than such as might normally be brought upon or kept in the Premises as an incident to the reasonable use of the Premises for the purposes specified in this Lease shall be brought upon or
kept in the Premises. 
 Section 3.03 If any governmental license or permit shall be required for the proper and lawful conduct
of Tenant’s business or other activity carried on in the Premises, and if the failure to secure such license or permit might or would, in any way, affect Landlord, then Tenant, at Tenant’s expense, shall duly procure and thereafter
maintain such license or permit and submit the same to inspection by Landlord. Tenant, at Tenant’s expense, shall at all times comply with the requirements of each such license or permit. 

ARTICLE 4 

Appurtenances, Etc., Not to be Removed 

Section 4.01 All alterations, additions, decorations, fixtures, equipment, improvements, installations and appurtenances attached
to, or built into the Premises prior to, at the commencement of or during the term hereof (Appurtenances), whether or not furnished or installed at the expense of Tenant or by Tenant, including without limitation, Tenant’s Changes as defined in
Section 5.01(e) hereof, shall be and remain part of the Premises and be deemed the property of Landlord and shall not be removed by Tenant, except as otherwise expressly provided in this Lease. Without limiting the generality of the immediately
preceding sentence, all electric, plumbing, heating, sprinkler, dumbwaiter, elevator, telephone, communication, radio and television systems, fixtures and outlets, venetian blinds, partitions, railings, gates, doors, stairs, paneling, cupboards
(whether or not recessed in paneling), molding, shelving, radiator enclosures, cork, rubber, tile and composition floors, and ventilating, silencing, air conditioning and cooling equipment shall be deemed included in such Appurtenances, if attached
to or built into the Premises. Appurtenances shall also include, without limitation, all wiring, cables, risers and 

  
 5 

 
similar installations appurtenant thereto installed by Tenant in the risers or other common areas of the Building. Notwithstanding anything contained in this Section 4.01 to the contrary,
any Appurtenances furnished and installed in any part of the Premises at the sole expense of Tenant (and with respect to which no credit or allowance shall have been granted to Tenant by Landlord and which was not furnished and installed in
replacement of an item which Tenant would not be entitled to remove in accordance with this Article 4) and all of Tenant’s personal property (such Appurtenances as referred to in this sentence and Tenant’s personal property collectively
“Tenant’s Property”) may be removed from the Building by Tenant prior to the Expiration Date, provided however, if and to the extent requested by Landlord prior to the Expiration Date, all Appurtenances, Tenant’s Property and
Tenant’s Changes so requested by Landlord shall be removed from the Building by Tenant prior to such Expiration Date. Tenant shall repair, restore, replace and/or rebuild (as the circumstances may require), in a good and workmanlike manner any
damage to the Premises or the Building caused by such removal. At the time of installing any Appurtenance, Tenant’s Property or Tenant’s Changes, Tenant may request Landlord to waive Tenant’s obligation to remove in writing. Tenant
shall not be obligated to remove any such Appurtenance, Tenant’s Property or Tenant’s Changes which are the subject of any such written waiver signed by Landlord but must provide a copy of such written waiver in the event that a dispute
arises. Failure to provide a copy of any such waiver shall be presumptive evidence that a waiver was not granted. If any of the Appurtenances, Tenant’s Property or Tenant’s Changes which are required to be removed from the Building by
Tenant are not so removed within the time above specified, then Landlord (in addition to all other rights and remedies to which Landlord may be entitled at any time) may at its election deem that the same has been abandoned by Tenant to Landlord,
but no such election shall relieve Tenant of Tenant’s obligation to pay the expenses of removing the same from the Premises or the expense of repairing, restoring, replacing and/or rebuilding (as the circumstances may require) damage to the
Premises or to the Building arising from such removal, which obligation shall survive the Expiration Date. 
 Section 4.02 All
the perimeter walls and doors of the Premises, any balconies, terraces or roofs adjacent to the Premises, and any space in and/or adjacent to the Premises used for shafts, stairways, stacks, pipes, vertical conveyors, mail chutes, pneumatic tubes,
conduits, ducts, electric or other utilities, rooms containing elevator or air conditioning machinery and equipment, sinks, or other similar or dissimilar 

  
 6 

 
Building facilities, and the use thereof, as well as access thereto (including the right to secure same) through the Premises for the purpose of such use and the operation, improvement,
alteration, replacement, addition, repair, cleaning, maintenance, safety, security, and/or decoration thereof, are expressly reserved to Landlord. 

ARTICLE 5 

Various Covenants 

Section 5.01 Tenant covenants and agrees that Tenant will: 

(a) Take good care of and maintain in good order, condition and repair the Premises and Appurtenances, and, at Tenant’s sole cost and
expense, make all non-structural repairs, restorations and/or replacements thereto as may be required to keep the Premises and Appurtenances in good order and condition. Tenant shall also be responsible for the cost of all repairs, interior and
exterior, structural and non-structural, ordinary and extraordinary, foreseen or unforeseen, in and to the Building and the facilities and systems thereof, the need for which arises out of (i) the performance or existence of Tenant’s
Changes (herein defined), (ii) the installation, use or operation of Tenant’s Property, (iii) the moving of Tenant’s Property into or out of the Premises or the Building, (iv) Tenant’s compliance or non-compliance with
any legal and/or insurance requirements or (v) the act, omission, misuse or neglect of Tenant or any of its subtenants or its or their agents, licensees or invitees. Any repairs in or to the Building and/or the facilities and systems thereof
for which Tenant is so responsible shall be performed by Landlord at Tenant’s expense and Tenant shall pay Landlord’s charge therefor as additional rent hereunder within ten (10) days after Landlord gives Tenant an invoice therefor.
All repairs and replacements made by or on behalf of Tenant or any person claiming through or under Tenant shall be made in conformity with the provisions of this Lease and shall be at least equal in quality and class to the original work or
installation or the then standards for the Building established by Landlord. 
 (b) Faithfully observe and comply (and cause its agents,
employees, invitees and licensees to observe and comply) with the rules and regulations annexed hereto and such additional reasonable rules and regulations as Landlord hereafter at any time or from time to time may make and may communicate in
writing to Tenant, provided, however, that in the case of any conflict 

  
 7 

 
between the provisions of this Lease and such rule or regulation, the provisions of this Lease shall control; and provided further that nothing contained in this Lease shall be construed to
impose upon Landlord any duty or obligation to enforce the rules and regulations or the terms, covenants or conditions in any other lease as against any other tenant and; provided further that Landlord shall not be liable to Tenant for violation of
the same by any other tenant, its employees, agents, visitors, invitees, subtenants or licensees. In enforcing the rules and regulations, Landlord agrees to treat similarly situated tenants in a similar fashion. 

(c) Permit Landlord and any mortgagee of the Building and/or the Land or of the interest of Landlord therein and any lessor under any ground
or underlying lease, and their representatives, to enter the Premises at all reasonable hours upon reasonable prior oral notice (except in the case of an emergency when no notice will be required) for the purposes of inspection, or of making
repairs, replacements or improvements in or to the Premises or the Building or equipment, or of complying with all laws, orders and requirements of governmental or other authority or of fulfilling any obligation or exercising any right reserved to
Landlord by this Lease (including the right during the progress of such repairs, replacements or improvements or while performing work and furnishing materials in connection with compliance with any such laws, orders or requirements, to keep and
store within the Premises all necessary materials, tools and equipment). 
 (d) Make no claim against Landlord, or any lessor under any
ground or underlying lease, or any mortgagee under any mortgage or trust indenture (collectively herein the “Indemnitees”) for any damage to property entrusted to employees of Landlord or for any loss of or damage to any property by theft
(including damage resulting from theft or attempted theft) or any injury or damage to Tenant or other 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 caused by other tenants or persons in the Building, or by any other cause of whatsoever nature (including,
without limitation, damage or injury caused by any hazardous or dangerous condition, waste, material and/or substance (as the same may be defined in any local, state or federal rule, regulation or statute)), unless caused by or due to the sole
negligence of Landlord, its agents, servants or employees. 

  
 8 

 (e) (i) Make no alterations, decorations, installations, repairs, additions, improvements or
replacements including Tenant’s initial work in the Premises necessary for Tenant’s occupancy thereof (herein collectively called “Tenant’s Changes”) in, to or about the Premises without Landlord’s prior written
consent; provided, however, Landlord agrees (1) that Tenant shall not be required to obtain Landlord’s prior written consent to Tenant’s Changes which (a) are non-structural and decorative in nature and/or do not involve the
perforation of any floor slab, (b) do not connect to or adversely affect any of the Building’s systems, (c) are not visible from outside the Premises, (d) do not cost in excess of $10,000 in the aggregate in any twelve ( 12)
month period, (e) do not affect, nor are visible from, the exterior of the Building, and (f) do not affect the common corridor of any floor on which the Premises are located (if any) or any other common areas of the Building, provided that
Tenant gives Landlord (x) no less than ten (10) business days’ prior written notice of its intention to so perform such Tenant’s Changes along with copies of the plans and specifications related thereto (or a detailed sketch for
those Tenant’s Changes for which plans and specifications are not customarily prepared) and (y) such other information which Landlord reasonably requests with respect thereto within five (5) business days’ after the same is
requested, and (2) to be reasonable in granting or withholding its consent to Tenant’s Changes which meet the criteria set forth in (a), (b), (c), (e), and (f) but cost in excess of $10,000 in the aggregate in any twelve
(12) month period. Tenant’s Changes shall only be performed by contractors, subcontractors or mechanics approved by Landlord. Tenant’s Changes shall be done at Tenant’s sole expense and at such times and in such manner as
Landlord may from time to time designate. 
 (ii) Prior to the commencement of any Tenant’s Changes, Tenant shall submit to Landlord,
(1) for Landlord’s written approval, three (3) complete sets of the plans and specifications (to be prepared by and at the expense of Tenant) of such proposed Tenant’s Changes in detail satisfactory to Landlord, and (2) upon
Landlord’s request, at Tenant’s sole cost and expense, either (i) a completion bond, issued by a surety company acceptable to Landlord in an amount at least equal to the estimated cost of such Tenant’s Changes or (ii) at
Tenant’s option, an irrevocable letter of credit, drawn on a bank which is a member of The New York Clearing House Association and otherwise satisfactory to Landlord, in an amount equal to one hundred twenty-five percent (125%) of
Landlord’s estimate of the cost of performing such Tenant’s Changes, in each case guaranteeing to Landlord the completion of such Tenant’s Changes within a 

  
 9 

 reasonable time, as follows: (A) free and clear of all liens, conditional bills of sale, security agreements
and other claims, charges and encumbrances (other than security agreements or other encumbrances in favor of any mortgagee of Landlord) and (B) in accordance with the requirements of this Lease. Landlord shall respond to Tenant’s request
for approval of Tenant’s plans within fifteen (15) business days after Landlord’s receipt of such plans. In no event shall any material or equipment be incorporated in or to the Premises in connection with any such Tenant’s
Changes which is subject to any lien, security agreement, charge, mortgage or other encumbrance of any kind whatsoever or is subject to any conditional sale or other similar or dissimilar title retention agreement. Any mechanic’s lien filed
against the Premises or the Building for work done for, or claimed to have been done for, or materials furnished to, or claimed to have been furnished to, Tenant shall be discharged by Tenant within ten (10) days thereafter, at Tenant’s
expense, by filing the bond required by law or otherwise. 
 (iii) All Tenant’s Changes shall at all times comply with (x) all
applicable laws, rules, orders and regulations of governmental authorities having jurisdiction thereover and all applicable insurance requirements, (y) the rules and regulations of Landlord for tenant alterations, and (z) the plans and
specifications submitted to and approved by Landlord and Tenant’s construction contract incorporating such plans and specifications. In connection with any Tenant’s Changes, Tenant shall pay to Landlord, as additional rent, within ten
(10) days after demand: (1) a fee equal to the actual out-of-pocket costs incurred by Landlord in connection with, or relating to, any such Tenant’s Changes and (2) an additional fee equal to ten percent (10%) of the total
cost of such Tenant’s Changes (including painting) as and for any review, supervision, inspection or coordination work by Landlord in connection with such Tenant’s Changes. No Tenant’s Changes shall be undertaken, started or begun by
Tenant or by its agents, employees, contractors or anyone else acting for or on behalf of Tenant until Landlord has approved such plans and specifications, and no amendments or additions to such plans and specifications shall be made without the
prior written consent of Landlord. Unless all of the conditions contained in this Section 5.01(e) are fully satisfied, Landlord shall have the right, in Landlord’s sole and absolute discretion, to withhold its consent to any Tenant’s
Changes. Landlord’s consent to such plans and specifications shall create no responsibility or liability on the part of Landlord with respect to their completeness, design sufficiency or compliance with all applicable laws and/or insurance
requirements; nor shall Landlord’s execution of any documents 

  
 10 

 
required to be filed with any governmental authority in connection with Tenant’s installations or changes create any responsibility or liability on the part of Landlord to take remedial
measures to bring any Tenant’s installations or changes into compliance with applicable legal and/or insurance requirements (such responsibility or liability being allocated hereunder to Tenant). If any Tenant’s Changes are made or
installed in violation of this Section 5.01(e), Landlord may, at Tenant’s sole cost and expense, without incurring any liability to Tenant whatsoever, enter upon the Premises and remove such illegitimate Tenant’s Changes and repair
any damage caused by the installation and/or removal of the same. 
 (iv) In connection with the completion of Tenant’s Changes or in
the performance of any other activities within the Building by or on behalf of Tenant: (a) neither Tenant nor its agents, contractors or subcontractors shall interfere with the operations of the Building or any work being done by Landlord or
its agents, contractors or subcontractors in the Building; (b) Tenant shall comply with any reasonable work schedule, rules and regulations proposed by Landlord or its agents; (c) Tenant shall conform to all of Landlord’s labor
regulations and shall not do or permit anything to be done that might create any work stoppage, picketing or other labor disruption or dispute; and (d) the labor employed or contracted for by Tenant shall be harmonious and compatible with the
labor employed or contracted for by Landlord in the Building, it being agreed that, if in Landlord’s judgment Tenant’s labor is incompatible, Tenant shall forthwith upon Landlord’s demand withdraw Tenant’s labor from the
Premises. If Tenant fails to take any such actions regarding labor matters, Landlord shall have the right, in addition to any other rights and remedies available to it under this Lease or pursuant to law or equity, to seek immediate injunctive
relief. Tenant further agrees that it will, prior to the commencement of any work in the Premises, deliver to Landlord original certificates of insurance evidencing worker’s compensation, public liability, property damage and such other
insurance coverages in such amounts as are acceptable to Landlord in connection with Tenant’s Changes. Tenant shall keep records of Tenant’s Changes costing in excess of $25,000, and of the cost thereof for a period of four (4) years.
Tenant shall, within forty-five (45) days after demand by Landlord, furnish to Landlord copies of such records. Upon completion of any Tenant Changes, Tenant shall deliver to Landlord dimensioned reproducible mylars and CADD disk of
“as-built” plans for such Tenant Changes. 

  
 11 

 (f) Not do or permit to be done any act or thing in the Premises which will invalidate or be in
conflict with fire insurance policies issued for office buildings in the Borough of Manhattan, City of New York, and not do anything or permit anything to be done, or keep anything or permit anything to be kept, in the Premises which would increase
the fire or other casualty insurance rate on the Building or the property therein, or which would result in insurance companies of good standing refusing to insure the Building or any such property in amounts and against risks as reasonably
determined by Landlord, or otherwise result in non-compliance with the requirements and recommendations of the National Board of Fire Underwriters or similar organizations promulgating requirements and recommendations with respect to the Premises.
If by reason of failure of Tenant to comply with the provisions of this paragraph including, but not limited to, the mere use to which Tenant puts the Premises, the fire insurance rate payable by Landlord shall at the beginning of this Lease or at
any time thereafter be higher than it otherwise would be, then Tenant shall reimburse Landlord, as additional rent hereunder, for that part of all fire insurance premiums thereafter paid by Landlord which shall have been charged because of such
failure or use by Tenant, and shall make such reimbursement upon the first day of the month following such outlay by Landlord. In any action or proceeding wherein Landlord and Tenant are parties, a schedule or “make up” rate for the
Building or Premises issued by the New York Fire Insurance Rating Organization, or other body making fire insurance rates for the Premises, shall be conclusive evidence of the facts therein stated and of the several items and charges in the fire
insurance rate then applicable to the Premises. That the Premises are being used for the purpose set forth in Article 3 hereof, shall not relieve Tenant from the foregoing duties, obligations and expenses (except that if premiums are being raised
generally for office buildings then such increase shall be reflected as part of Operating Expenses, as herein defined). 
 (g) Permit
Landlord, at reasonable times upon reasonable prior oral notice, to show the Premises to any lessor under any ground or underlying lease, or any lessee or mortgagee, or any prospective purchaser, lessee, mortgagee, or assignee of any mortgage of the
Building and/or the Land or of Landlord’s interest therein, and their representatives, and during the period of twelve (12) months immediately preceding the Expiration Date with respect to any part of the Premises similarly show any part
of the Premises to any person contemplating the leasing of all or a portion of the same. 

  
 12 

 (h) At the end of the term, quit and surrender to Landlord the Premises “broom clean”
and in good order and condition, reasonable wear and tear excepted, and Tenant shall remove Tenant’s Changes and/or Tenant’s Property as Landlord elects to have Tenant remove. Tenant shall give Landlord sixty (60) days’ prior
written notice of the day it intends to vacate the Premises. Upon receipt of said notice Landlord and Tenant shall agree on a mutually convenient time, but in no event later than thirty (30) days prior to the Expiration Date, in order to
perform a joint inspection of the Premises. In the event that Tenant fails to give such notice or arrange such joint inspection, Landlord’s inspection at or after Tenant’s vacating the Premises shall be deemed conclusively correct for
determining Tenant’s responsibility for removal, repairs or restoration. If the last day of the term of this Lease falls on Sunday or a legal holiday, this Lease shall expire on the business day immediately preceding. Tenant expressly waives,
for itself and for any person claiming through or under Tenant, any rights which Tenant or such person may have under the provisions of Section 2201 of the New York Civil Practice Law and Rules and any similar successor law of the same import
then in force, in connection with any holdover proceedings which Landlord may institute to enforce the provisions of this paragraph (h) . If the Premises shall not be surrendered on the Expiration Date, Tenant hereby indemnifies Landlord
against liability resulting from delay by Tenant in so surrendering the Premises, including any claims made by any succeeding tenant or prospective tenant founded upon such delay, as well as for any and all loss, liability, damages, costs and
expenses (including reasonable counsel fees and disbursements) incurred in connection therewith. If Tenant shall remain in possession of the Premises after the Expiration Date without the execution of a new lease (whether or not with the consent or
acquiescence of Landlord), Tenant’s occupancy shall be deemed to be that of a tenancy-at-will, and in no event from month-to-month or from year-to-year, and it shall be subject to all of the other terms of this Lease applicable thereto,
including those set forth in this paragraph (h) . In the event that Tenant defaults or remains in possession of the Premises or any part thereof after the expiration of the tenancy-at-will created hereby then Tenant’s occupancy shall be
deemed a tenancy-at sufferance and not a tenancy-at-will. Nothing contained herein shall be construed to constitute Landlord’s consent to Tenant holding over after the Expiration Date or to give Tenant the right to hold over after the
Expiration Date. During the period in which Tenant holds over, Tenant shall pay rent to Landlord at a monthly rental equal to the greater of (i) two (2) times the monthly Fixed Rent, plus all additional rent and other charges last payable
by Tenant hereunder, or (ii) Landlord’s then 

  
 13 

 
asking price, on a monthly basis, for comparable space in the Building (or, if Landlord shall have no quoted price, the monthly rental equal to the prevailing rate for comparable space in
comparable buildings in the vicinity of the Building). Tenant’s obligations under this paragraph (h) shall survive the expiration of this Lease. 

(i) At any time and from time to time upon not less than seven (7) business days’ prior notice by Landlord to Tenant, execute,
acknowledge and deliver to Landlord, or to anyone else Landlord shall designate, a statement of Tenant (or if Tenant is a corporation, an appropriate officer of Tenant) in writing certifying to Landlord or to anyone else Landlord shall designate
that this Lease is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect as modified and stating the modifications), specifying the dates to which the Fixed Rent, additional rent and
other charges have been paid in advance, if any, and stating whether or not to the best knowledge of the signer of such certificate Landlord is in default in performance of any provision of this Lease and, if so, specifying each such default of
which the signer may have knowledge, and further stating such other items or information as Landlord or Landlord’s designee may request, including without limitation, Tenant’s undertaking not to pay any rent or other charges for more than
a specified period in advance of the due dates therefor set forth herein; it being intended that any such statement so delivered may be relied upon by the person to whom the statement is given. If Tenant fails to execute and deliver the statement as
and when required by this Section 5.0l(i), then: (1) notwithstanding any other provision of this Lease, such failure shall constitute a default under this Lease beyond any applicable cure period entitling Landlord to the same rights and
remedies as if such default was with respect to nonpayment of Fixed Rent, and (2) Tenant shall thereupon constitute and appoint Landlord and/or its successors in interest as Tenant’s attorney-in-fact to execute and deliver any such
statement or statements for and on behalf of Tenant. 
 (j) Not move any safe, heavy machinery, heavy equipment, freight, bulky matter or
fixtures into or out of the Building without Landlord’s prior written consent not to be unreasonably withheld or delayed. If such safe, machinery, equipment, freight, bulky matter or fixtures require special handling, Tenant agrees to employ
only persons holding a Master Rigger’s License to do said work, and that all work in connection therewith shall comply with the Administrative Code of the City of New York. Notwithstanding said consent of Landlord, Tenant shall defend and
indemnify Landlord for, and hold Landlord 

  
 14 

 
harmless and free from, all loss, costs, liabilities and damages sustained by person or property, as well as for all expenses and reasonable attorneys’ fees incurred in connection therewith,
and all costs incurred in repairing any damage to the Building or Appurtenances (including, without limitation, Landlord’s charge for any repairs performed by Landlord’s employees). 

(k) To the extent not prohibited by applicable law, indemnify, defend and save harmless, the Indemnitees, and their respective officers,
directors, contractors, agents and employees, from and against any and all liability (statutory or otherwise), claims, actions, suits, demands, damages, judgments, costs, interest and expenses of any kind or nature of anyone whomsoever (including,
but not limited to, counsel fees and disbursements incurred in the defense of any action or proceeding), to which they may be subject or which they may suffer by reason of any claim for, any injury to, or death of, any person or persons, theft or
damage to property (including any loss of use thereof) or damage to the Building or Appurtenances or otherwise arising from or in connection with the use of or from any work, installation or thing whatsoever done (other than by Landlord or its
agents or employees) in or about the Premises and/or the Building prior to, during or subsequent to, the term of this Lease, or arising from any condition of the Premises and/or the Building due to or resulting from any default by Tenant in the
performance of Tenant’s obligations under this Lease or from any act, omission or negligence of Tenant or any of Tenant’s officers, directors, agents, contractors, employees, subtenants, licensees or invitees. Where not prohibited by
applicable law, no workers’ compensation claim by any of Tenant’s employees will be subrogated against Landlord. Tenant’s obligations under this paragraph shall survive the Expiration Date. 

(1) Not do or permit to be done any act or thing which would cause any hazardous or dangerous condition, waste, material and/or substance (as
the same may be defined in any local, state or federal rule, regulation or statute) to be used, stored, transported, released, handled, produced, created, disposed of, or installed in, on, from, or at the Premises and/or the Building, except for
small amounts of standard office and cleaning supplies; provided that all such materials and/or substances (i) shall at all times be used, stored, transported, released, handled, produced, created, disposed of, and/or installed in compliance
with all applicable legal and/or insurance requirements, (ii) shall not create any additional burden on Landlord to notify other tenants, the public or any governmental authority of the existence of such materials and/or

  
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substances and (iii) shall not cause any increase in Landlord’s insurance rates. Landlord shall not be deemed responsible for and Tenant agrees to indemnify and defend Landlord for, and
hold Landlord harmless and free from, any and all loss, liability, damages, costs and expenses sustained by person or property and any and all loss, liability, damages, costs and expenses incurred by Landlord with respect to or in settlement of any
claims or judgments brought in connection with any environmental condition in the Premises or the Building created or caused by Tenant or its agents, including reasonable counsel fees and disbursements incurred in connection therewith. Tenant shall
be responsible for all adverse affects of backflow, backfeed, harmonics and other like-type conditions, whether to, in, at, or outside the Building, which emanate from, are caused by, or relate to the Premises and/or the systems serving the Premises
and/or the equipment, machinery, fixtures, furnishings, products and lighting located in the Premises. 
 Section 5.02 Landlord
covenants and agrees that Landlord will: 
 (a) use reasonable efforts not to interfere with Tenant’s business during such times as
Landlord exercises its rights under the various provisions of this Lease which permit Landlord to perform work, repairs, improvements, maintenance and/or alterations to the Building (including the Premises) but Landlord shall not be required to
perform the same on an overtime or premium pay basis; and 
 (b) give Tenant reasonable prior oral notice of all entry into the Premises
(except in the case of an emergency when no such notice shall be required). 
 ARTICLE 6 

Changes or Alterations by Landlord 

Section 6.01 Landlord reserves the right to make such changes, alterations, additions, improvements, repairs or replacements in or
to the Building (including the Premises) and the fixtures and equipment thereof, as well as in or to the street entrances, halls, passages, elevators, escalators, stairways and other parts thereof, and to erect, maintain and use pipes, ducts and
conduits in and through the Premises, all as Landlord may deem necessary or desirable; provided, however, Landlord agrees that the end result of any of the foregoing shall not materially interfere with Tenant’s use of the Premises
or 

  
 16 

 
access thereto. Nothing contained in this Article 6 shall relieve Tenant of any duty, obligation or liability of Tenant with respect to making any repair, replacement or improvement or complying
with any law, order or requirement of any governmental or other authority. 
 Section 6.02 Landlord reserves the right to name
the Building and to change the name or address of the Building at any time and from time to time. Neither this Lease nor any use by Tenant shall give Tenant any easement or other right in or to the use of any door or any passage or any concourse or
any plaza connecting the Building with any subway or any other building or to any public conveniences, and the use of such doors, passages, concourses, plazas and conveniences may, without notice to Tenant be regulated or discontinued at any time by
Landlord. If at any time any windows of the Premises are (i) broken, temporarily darkened (which shall not be construed as encompassing any solar-tinting and/or blinds that Landlord may require) or obstructed incident to or by reason of
repairs, replacements, maintenance and/or cleaning in, on, to or about the Building or any part or parts thereof or (ii) permanently darkened (which shall not be construed as encompassing any solar-tinting and/or blinds that Landlord may
require) for any reason whatsoever beyond Landlord’s control or (iii) temporarily or permanently closed or rendered inoperable for any reason whatsoever including, but not limited to, Landlord’s own acts, Landlord shall not be liable
for any damage Tenant may sustain thereby and Tenant shall not be entitled to any compensation therefor or abatement of rent nor shall the same release Tenant from its obligations hereunder or constitute an eviction. 

Section 6.03 Except as provided in Article 7 and Section 17.05 of this Lease, there shall be no allowance to Tenant for a
diminution of rental value, the same shall not constitute an eviction of Tenant in whole or in part and Landlord shall incur no liability whatsoever by reason of inconvenience, annoyance, or injury to business arising from Landlord, Tenant or others
making any changes, alterations, additions, improvements, repairs or replacements in or to any portion of the Building or the Premises or in the Appurtenances thereof or in the taking or storing of material in the Premises in connection therewith
and no liability shall be incurred by Landlord for failure of Landlord or others to make any changes, alterations, additions, improvements, repairs or replacements in or to any portion of the Building or the Premises, or in the Appurtenances. 

  
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 ARTICLE 7 

Damage by Fire, Etc. 

Section 7.01 Subject to Section 7.02, if any part of the Premises shall be damaged by fire or other casualty, Tenant shall
give prompt written notice thereof to Landlord and Landlord shall proceed with reasonable diligence, and in a manner consistent with the provisions of any ground or underlying lease and any mortgage affecting the same or the Land and/or the Building
or Landlord’s interest therein, to repair such damage, and if any part of the Premises shall be rendered untenantable by reason of such damage, the annual Fixed Rent payable hereunder shall be abated (not to exceed the amount Landlord is
reimbursed by net insurance proceeds) to the extent that such Fixed Rent relates to such part of the Premises for the period from the date of such damage to the date when such part of the Premises shall have been made tenantable or to such earlier
date upon which the full term of this Lease with respect to such part of the Premises shall expire or terminate. If Landlord or any holder of any superior mortgage (as herein defined) or any lessor under any superior lease (as herein defined) shall
be unable to collect the insurance proceeds (including rent insurance) applicable to such damage because of some action or inaction on the part of Tenant or Tenant’s agents, contractors, employees, guests, invitees or licensees, then
Landlord’s charge for repairing such damage shall be paid by Tenant and there shall be no abatement of rent. Landlord shall not be liable for any inconvenience or annoyance to Tenant or injury to the business of Tenant resulting in any way from
such damage or the repair thereof. Tenant acknowledges and agrees that Landlord shall not: (i) carry insurance of any kind on any Appurtenances, Tenant’s Property, or Tenant’s Changes or (ii) be obligated to repair any damage
thereto or replace any of same, which obligation shall be the sole responsibility of Tenant. 
 Section 7.02 If substantial
alteration or reconstruction of the Building shall, in the sole opinion of Landlord, be required as a result of damage by fire or other casualty (whether or not the Premises shall have been damaged by such fire or other casualty) or if all or any
portion of the Premises shall be damaged by fire or other casualty during the last two (2) years of the term of this Lease, then this Lease and the term and estate hereby granted may be terminated by Landlord by its giving to Tenant within one
hundred twenty (120) days after the date of such damage written notice specifying a date, not less than thirty (30) days after the giving of such notice, for such termination. 

  
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 Section 7.03 Landlord and Tenant shall each secure an appropriate clause in, or an
endorsement upon, each all risk property damage policy obtained by it and covering the Building, the Premises or Tenant’s Property pursuant to which the respective insurance companies waive subrogation or permit the insured, prior to any loss,
to waive any claim it might have against the other. Provided the terms of the applicable insurance policy will not be violated or rendered unenforceable, the waiver of subrogation or permission for waiver of any claim hereinbefore referred to shall
extend to the agents of each party. 
 Section 7.04 Notwithstanding any other provision of this Lease to the contrary (other
than the second sentence of Section 7.01) with respect to any property whether insured or not, each party hereby releases the other and its partners, agents and employees with respect to any claim (including a claim for negligence) which it
might otherwise have against the other party for loss, damage or destruction with respect to its property by fire or other casualty (including rental value or business interruption, as the case may be) occurring during the term of this Lease.
Nothing in this Section 7.04 shall relieve Tenant or Landlord of its obligations to make repairs to the Premises in accordance with the terms of this Lease. 

Section 7.05 This Lease shall be considered an express agreement governing any case of damage to or destruction of the Building or
any part thereof by fire or other casualty, and Section 227 of the Real Property Law of the State of New York providing for such a contingency in the absence of express agreement, and any other law of like import now or hereafter in force,
shall have no application in such case. 
 Section 7.06 Notwithstanding the above to the contrary, in the event that more than
fifty percent (50%) of the Premises shall be damaged by fire or other casualty and restoration is not substantially completed by Landlord within two (2) years after the occurrence of said casualty, subject to extension for circumstances
beyond Landlord’s reasonable control (the “Restoration Period”), then Tenant shall be entitled to terminate this Lease provided Landlord receives a written termination notice (which shall be deemed irrevocable) from Tenant within ten
(10) business days after the expiration of the Restoration Period, time being of the essence. In the event that Landlord does not receive said notice within said ten (10) business day period, then Tenant’s right to terminate pursuant
to this Section 7.06 shall be void and of no further force or effect. 

  
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 ARTICLE 8 

Condemnation 

Section 8.01 In the event that the whole of the Premises shall be lawfully condemned or taken in any manner for any public or
quasi-public use, this Lease and the term and estate hereby granted shall forthwith cease and terminate as of the date of vesting of title. In the event that only a part of the Premises shall be so condemned or taken, then, effective as of the date
of vesting of title, the Fixed Rent hereunder shall be abated in an amount thereof apportioned according to the area of the Premises so condemned or taken. In the event that only a part of the Building shall be so condemned or taken, then Landlord
(whether or not the Premises be affected) may, at Landlord’s option, terminate this Lease and the term and estate hereby granted as of the date of such vesting of title by notifying Tenant in writing of such termination within one hundred
twenty (120) days following the date on which Landlord shall have received notice of vesting of title. If Landlord does not elect to terminate this Lease, as aforesaid, this Lease shall be and remain unaffected by such condemnation or taking,
except that the Fixed Rent payable hereunder shall be abated to the extent, if any, hereinbefore provided in this Article 8. In the event that only a part of the Premises shall be so condemned or taken and this Lease and the term and estate hereby
granted with respect to the remaining portion of the Premises are not terminated as hereinbefore provided, Landlord will, with reasonable diligence and at its expense, restore the remaining portion of the Premises as nearly as practicable to the
same condition as it was in prior to such condemnation or taking. However, Landlord shall not be obligated to repair any damage to Tenant’s Property or replace the same. 

Section 8.02 In the event of a termination of this Lease pursuant to Section 8.01 of this Article 8, this Lease and the term
and estate hereby granted shall expire as of the date of such termination with the same effect as if that were the date hereinbefore set for the expiration of the full term of this Lease, and the Fixed Rent payable hereunder shall be apportioned as
of such date. 
 Section 8.03 In the event of any condemnation or taking hereinbefore mentioned of all or a part of the
Building, Landlord shall be entitled to receive the entire award in the condemnation proceeding, including any award made for the value 

  
 20 

 
of the estate vested by this Lease in Tenant, and Tenant hereby expressly assigns to Landlord any and all right, title and interest of Tenant now or hereafter arising in or to any such award or
any part thereof, and Tenant shall be entitled to receive no part of such award. The foregoing shall not prohibit Tenant’s independent claim for the value of Tenant’s trade fixtures and moving expenses and any other claim permitted under
law so long as any award made to Tenant based upon such claim does not reduce the award otherwise payable to Landlord. 

Section 8.04 Notwithstanding anything hereinabove contained in this Article, if all or any portion of the Premises shall be
lawfully condemned or taken for any temporary public or quasi-public use, this Lease shall not terminate and Tenant shall continue to perform or observe all of Tenant’s obligations hereunder as though such condemnation or taking had not
occurred, except only as Tenant may be prevented from so doing by reason of the lawful use and occupancy of the Premises or portion thereof affected by such condemnation or taking during such temporary period. In the event of any such condemnation
or taking, Tenant shall be entitled to receive the award with respect to the Premises or portion thereof covered by such condemnation or taking (whether paid as damages, rent or otherwise), unless the period of occupancy extends beyond the
termination of this Lease, in which case Landlord shall be entitled to such part of such award as shall be properly allocable to the cost of restoration of the Premises and the balance of said award shall be apportioned between Landlord and Tenant
as of the scheduled Expiration Date. If such condemnation or taking shall end before the Expiration Date, Tenant shall, at its sole cost and expense, restore the Premises as nearly as possible to the condition in which they were prior to such
condemnation or taking. 
 ARTICLE 9 

Compliance with Laws 

Section 9.01 Tenant, at Tenant’s expense, shall comply with all laws and ordinances, and all rules, orders and regulations of
all governmental authorities and of all insurance bodies, at any time duly issued or in force, applicable to the Premises or any part thereof or to Tenant’s use or alteration thereof, except that Tenant shall not hereby be under any obligation
to comply with any law, ordinance, rule, order or regulation requiring any structural alteration of or in connection with the Premises, unless such alteration is required by reason of a condition which has been created by, or at the

  
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instance of Tenant, or is attributable to the specific manner of use (as opposed to mere office use) to which Tenant puts the Premises, or Tenant’s alteration thereof, or is required by
reason of a breach of any of Tenant’s covenants and agreements hereunder. Where any structural alteration of or in connection with the Premises is required by any such law, ordinance, rule, order or regulation, and, by reason of the express
exception hereinabove contained, Tenant is not under any obligation to make such alteration, then Landlord shall make such alteration and, subject to Section 26.04, pay the cost thereof. 

ARTICLE 10 

Accidents to Plumbing and Other Systems 

Section 10.01 Tenant shall give to Landlord prompt written notice of any damage to, or defective condition in, any part or
appurtenance of the Building’s plumbing, electrical, heating, air conditioning (excluding any supplemental air conditioning units and equipment servicing the Premises which shall be Tenant’s responsibility to repair, maintain and replace)
or other systems serving, located in, or passing through the Premises (collectively, the Systems). Following such notice, any such damage to or defective condition of the Systems shall be remedied by Landlord with reasonable diligence, but if such
damage or defective condition was caused by, or resulted from the use by, Tenant or by the employees, agents, licensees or invitees of Tenant, Landlord’s charge for the remedy thereof shall be paid by Tenant. Tenant shall not be entitled to
claim any damages arising from any such damage or defective condition unless the same shall have been caused by the sole negligence of Landlord in the operation or maintenance of the Premises or Building and the same shall not have been remedied by
Landlord with reasonable diligence after written notice thereof from Tenant to Landlord; nor shall Tenant be entitled to claim any eviction by reason of any such damage or defective condition. Notwithstanding anything contained in this Lease to the
contrary, Landlord shall not be responsible for repairing any portion of the Systems serving the Premises (whether located within or outside the Premises) which were installed by or on behalf of Tenant. 

Section 10.02 Landlord shall, at its sole cost and expense (except as otherwise provided herein), keep and maintain in good repair
and working order and make all repairs to and perform necessary maintenance upon the Building and all parts thereof, including structural elements, life-safety, plumbing, electrical and HVAC systems within the Building which generally

  
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service the Building and are required in the normal maintenance and operation of the Building. Notwithstanding anything in this Section 10.02 or elsewhere in this Lease to the contrary, it
is agreed that Landlord is not obligated hereunder to maintain the Building in any better repair or working order than as it exists on the date hereof. 

ARTICLE 11 

Notices and Service of Process 

Section 11.01 (a) Except as otherwise set forth below, any notice, consent, approval, demand or statement hereunder by either
party to the other party shall be in writing and shall be deemed to have been duly given only if sent by (i) registered or certified mail, return receipt requested, or (ii) by messenger or recognized overnight courier (requiring signed
receipt), in either event addressed to such other party, which address for Landlord shall be the address as hereinbefore set forth, Attention: Senior Vice President-Counsel, Leasing and Property Management, with copies to the Senior Vice President
of Property Management, at the address as hereinbefore set forth, and to the Property Manager, in care of the Building Office, 1633 Broadway, New York, NY 10019, and for Tenant shall be the Premises (or Tenant’s address as hereinbefore set
forth if mailed prior to Tenant’s occupancy of the Premises), or if the address of such other party for notices shall have been duly changed as herein provided, if mailed, as aforesaid, to such other party at such changed address. Either party
may at any time change the address for such notices, consents, approvals, demands or statements by mailing, as aforesaid, to the other party a notice stating the change and setting forth the changed address. If the term “Tenant”, as used
in this Lease, refers to more than one person, any notice, consent, approval, demand or statement given as aforesaid to any one of such persons shall be deemed to have been duly given to Tenant. Any notice, consent, approval, demand or statement
given pursuant to the above shall be deemed given on the day of delivery (with signed receipt) or rejection, as the case may be. 
 (b)
Tenant acknowledges and agrees that all disputes arising, directly or indirectly, out of or relating to this Lease should be dealt with by application of the laws of the State of New York and adjudicated in the state courts of the State of New York
sitting in New York County or the Federal courts sitting in the State of New York in New York County; and hereby expressly and irrevocably submits Tenant to the jurisdiction of such courts 

  
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in any suit, action or proceeding arising, directly or indirectly, out of or relating to this Lease. So far as is permitted under the applicable law, this consent to personal jurisdiction shall
be self-operative and no further instrument or action, other than service of process in one of the manners permitted by law, shall be necessary in order to confer jurisdiction upon Tenant in any such court. Provided that service of process is
effected upon Tenant in one of the manners permitted by law, Tenant irrevocably waives, to the fullest extent permitted by law, and agrees not to assert, by way of motion, as a defense or otherwise, (i) any objection which it may have, or may
hereafter have to the laying of the venue of any such suit, action or proceeding brought in such a court as is mentioned in the previous paragraph, (ii) any claim that any such suit, action or proceeding brought in such a court has been brought
in an inconvenient forum, or (iii) any claim that it is not personally subject to the jurisdiction of the above-named courts. Tenant hereby further irrevocably consents to the service of process in any suit, action or proceeding by the mailing
or delivery of the appropriate documents (e.g., process or summons) by Landlord to the Premises and delivered in one of the manners set forth in 11.01(a) above. Nothing herein shall in any way be deemed to limit the ability of Landlord to serve any
such papers in any other manner permitted by applicable law. 
 (c) Notwithstanding anything contained in this Lease to the contrary, bills
for additional rent shall be deemed to have been duly given if sent to Tenant only (and no other party need receive it in order for the same to be deemed duly given) at the Premises (or Tenant’s address as hereinbefore set forth if mailed prior
to Tenant’s occupancy of the Premises) by first class mail (and which need not be registered, certified or return receipt requested) or by messenger or recognized overnight courier without, in any case, the requirement of a signed receipt. 

Section 11.02 Any notice which Landlord gives to Tenant (or any other party) prior to being notified of the assignment of this
Lease (or the transfer of any interest in any portion of the Premises) shall be binding upon any such assignee (or party acquiring the interest) notwithstanding the fact that said assignee (or party acquiring the interest) did not receive any such
notice. Any action that Landlord may institute against Tenant (or any other party) prior to being notified of the assignment of this Lease (or the transfer of any interest in any portion of the Premises) shall be binding upon any such assignee (or
party acquiring the interest) notwithstanding the fact that said assignee (or party acquiring the interest) is not named in 

  
 24 

 
any such action. This Section 11.02 shall not be construed as negating the requirement of obtaining Landlord’s prior written consent under Article 25 in those instances where the same
is required. 
 ARTICLE 12 

Conditions of Limitation 

Section 12.01 This Lease and the term and estate hereby granted are subject to the limitation that: 

(a) in case Tenant shall make an assignment of its property for the benefit of creditors or shall file a voluntary petition under any
bankruptcy or insolvency law, or an involuntary petition under any bankruptcy or insolvency law shall be filed against Tenant and such involuntary petition is not dismissed within sixty (60) days after the filing thereof, 

(b) in case a petition is filed by or against Tenant under the reorganization provisions of the United States Bankruptcy Code or under the
provisions of any law of like import, unless such petition under said reorganization provisions be one filed against Tenant which is dismissed within sixty (60) days after its filing, 

(c) in case a receiver, trustee or liquidator shall be appointed for Tenant or of or for the property of Tenant, and such receiver, trustee or
liquidator shall not have been discharged within sixty (60) days from the date of his appointment, 
 (d) in case Tenant shall default
in the payment of any Fixed Rent or additional rent or any other charge payable hereunder by Tenant to Landlord on any date upon which the same becomes due, and such default shall continue for five (5) business days’ after Landlord shall
have given to Tenant a written notice specifying such default, 
 (e) in case Tenant shall default in the due keeping, observing or
performance of any covenant, agreement, term, provision or condition of Article 3 hereof on the part of Tenant to be kept, observed or performed and if such default shall continue and shall not be remedied by Tenant within seventy-two
(72) hours after Landlord shall have given to Tenant a written notice specifying the same, 

  
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 (f) in case Tenant shall default in the due keeping, observing or performance of any of
Tenant’s obligations hereunder (other than a default of the character referred to in clauses (d) or (e) of this Section 12.01), and if such default shall continue and shall not be remedied by Tenant within twenty (20) days
after Landlord shall have given to Tenant a written notice specifying the same, or, in the case of such a default which for causes beyond Tenant’s control (which shall not include insufficiency of funds} cannot with due diligence be cured
within said period of twenty (20) days, if Tenant (i) shall not, promptly upon the giving of such notice, advise Landlord in writing of Tenant’s intention to take all steps necessary to remedy such default with due diligence,
(ii) shall not duly institute and thereafter diligently prosecute to completion all steps necessary to remedy the same, (iii) shall not remedy the same within a reasonable time after the date of the giving of said notice by Landlord, 

(g) in case any event shall occur or any contingency shall arise whereby this Lease or the estate hereby granted or the unexpired balance of
the term hereof would, by operation of law or otherwise, devolve upon or pass to any firm, association, corporation, person or entity other than Tenant except as expressly permitted under Article 25 hereof, or whenever Tenant shall desert or abandon
the Premises or the same shall become vacant (whether the keys be surrendered or not and whether the rent be paid or not), or 
 (h) in case
Tenant shall default in the payment of any Fixed Rent or additional rent or any other charge payable hereunder or in the performance of any other of Tenant’s obligations hereunder more than twice, in the aggregate, in any period of twelve
(12) months, notwithstanding that such defaults shall have been cured within the applicable cure period, 
 then, in any of said cases, Landlord may
give to Tenant a notice of intention to end the term of this Lease at the expiration of three (3) days from the date of the giving of such notice, and, in the event such notice is given, the expiration of said three (3) day period shall
become the Expiration Date, but Tenant shall remain liable for damages as provided in this Lease or pursuant to law. The specified conditions of limitation in this Article 12 are not intended to be exclusive and Landlord may invoke any additional
remedies and/or rights which it may have at law or in equity, including, without limitation, the right to bring a “chronic non-payment” action. If the term “Tenant”, as used in this Lease, refers to more than one person, then as
used in clauses (a), (b) and (c) of this Section 12.01, said term shall be deemed to include all such persons or any one of them; if any 

  
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of the obligations of Tenant under this Lease is guaranteed, the term “Tenant”, as used in said clauses, shall be deemed to include also the guarantor or, if there be more than one
guarantor, all or any one of them; and, if this Lease shall have been assigned, the term “Tenant”, as used in said clauses, shall be deemed to include the assignee and the assignor or either of them under any such assignment unless
Landlord shall, in connection with such assignment, release the assignor from any further liability under this Lease, in which event the term “Tenant”, as used in said clauses, shall not include the assignor so released. 

Section 12.02 In the event that Tenant is in default in the payment of any Fixed Rent or additional rent and Landlord elects to
commence a non-payment summary proceeding pursuant to Article 7 of the New York Real Property Actions and Proceeding Law (“RPAPL”) instead of giving Tenant a default notice pursuant to Section 12.01(d) of this Lease, then Landlord
need only give Tenant the three-day notice required by Section 711 of the RPAPL in the manner required by Article 7 of the RPAPL (i.e., Landlord need not give Tenant the longer notice period provided by Section 12.01(d) of this Lease nor
shall Landlord be required to give any such three-day notice in accordance with Article 11 of this Lease or to the persons or entities (other than Tenant) that may be set forth in Article 11 of this Lease or of which Tenant may have given notice
pursuant to Article 11). 
 ARTICLE 13 

Re-entry by Landlord 

Section 13.01 If this Lease shall terminate as provided in Article 12 hereof provided, Landlord or Landlord’s agents may
immediately or at any time thereafter re-enter into or upon the Premises, or any part thereof, in the name of the whole, either by summary dispossess proceedings or by any suitable action or proceeding at law, or by force or otherwise (to the extent
permitted by New York law), without being liable to indictment, prosecution or damages therefor, and may repossess the same, and may remove any persons therefrom, to the end that Landlord may have, hold and enjoy the Premises again as and of its
first estate and interest therein. The words “re-enter”, “re-entry” and “re-entering” as used in this Lease are not restricted to their technical legal meanings. 

Section 13.02 In the event of any termination of this Lease under the provisions of Article 12 hereof or in the event

  
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that Landlord shall re-enter the Premises under the provisions of this Article 13 or in the event of the termination of this Lease (or of re-entry) by or under any summary dispossess or other
proceeding or action or other measure undertaken by Landlord for the enforcement of its aforesaid right of re-entry or any provision of law (any such termination of this Lease being herein called a “Default Termination”), Tenant shall
thereupon pay to Landlord the Fixed Rent, additional rent and any other charge payable hereunder by Tenant to Landlord up to the time of such Default Termination or of such recovery of possession of the Premises by Landlord, as the case may be, and
shall also pay to Landlord damages as provided in Article 14 hereof or pursuant to law. Also, in the event of a Default Termination Landlord shall be entitled to retain all moneys, if any, paid by Tenant to Landlord, whether as advance rent,
security or otherwise, but such moneys shall be credited by Landlord against any Fixed Rent, additional rent or any other charge due from Tenant at the time of such Default Termination or, at Landlord’s option, against any damages payable by
Tenant under Article 14 hereof or pursuant to law. 
 Section 13.03 In the event of a breach or threatened breach on the part of
Tenant with respect to any of Tenant’s obligations hereunder, Landlord shall also have the right of injunction. The specified remedies to which Landlord may resort hereunder are cumulative and are not intended to be exclusive of any other
remedies or means of redress to which Landlord may lawfully be entitled at any time and Landlord may invoke any remedy allowed at law or in equity as if specific remedies were not herein provided for. 

ARTICLE 14 

Damages 

Section 14.01 In the event of a Default Termination of this Lease, Tenant will pay to Landlord as damages, at the election of the
Landlord, either: 
 (a) a sum which at the time of such Default Termination represents the then value of the excess, if any, of the Present
Value, as herein defined, of (1) the aggregate of the Fixed Rent and the additional rent under Article 26 (if any) which would have been payable hereunder by Tenant for the period commencing with the day following the date of such Default
Termination and ending with the scheduled Expiration Date, over (2) the aggregate fair rental value of the Premises for the same 

  
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period as determined by an independent real estate appraiser named by Landlord and employed at Tenant’s expense, in which case such liquidated damages shall be accelerated to be due and
payable to Landlord in one lump sum on demand at any time commencing with the day following the date of such Default Termination and shall bear interest at the Default Rate, as herein defined, until paid, or 

(b) sums equal to the aggregate of the Fixed Rent and the additional rent under Article 26 (if any) which would have been due and payable by
Tenant during the remainder of the term had this Lease not terminated by such Default Termination, in which case such liquidated damages shall be computed and payable in monthly installments, in advance, on the first day of each calendar month
following Default Termination of this Lease and continuing until the scheduled Expiration Date but for such Default Termination; provided, however, that if Landlord shall relet all or any part of the Premises for all or any part of said period,
Landlord shall credit Tenant with the net rents received by Landlord from such reletting until the scheduled Expiration Date, such net rents to be determined by first deducting from the gross rents as and when received by Landlord from such
reletting the expenses incurred or paid by Landlord in terminating this Lease and of re-entering the Premises and of securing possession thereof, as well as the expenses of reletting, including altering and preparing the Premises for new tenants,
brokers’ commissions and all other expenses properly chargeable against the Premises and the rental therefrom in connection with such reletting, it being understood that any such reletting may be for a period equal to or shorter or longer than
said period; provided, further that (i) in no event shall Tenant be entitled to receive any excess of such net rents over the sums payable by Tenant to Landlord hereunder, (ii) in no event shall Tenant be entitled, in any suit for the
collection of damages pursuant to this clause (b), to a credit in respect of any net rents from a reletting except to the extent that such net rents are actually received by Landlord prior to the commencement of each suit, and (iii) if the
Premises or any part thereof should be relet in combination with other space, then appropriate apportionment on a square foot rentable area basis shall be made of the rent received from such reletting and of the expenses of reletting. Landlord shall
have no obligation whatsoever to mitigate its damages upon Tenant’s default under this Lease and Landlord shall not be liable in any way whatsoever for the failure to relet all or any portion of the Premises. 

For the purposes of subdivision (a) of this Section 14.01, the amount of additional rent which would have been

  
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payable by Tenant under Article 26 hereof, for each Tax Year and/or Operating Year (as herein defined) ending after such Default Termination, shall be deemed an amount equal to the amount of such
additional rent payable by Tenant for the Tax Year and/or Operating Year (as the case may be) ending immediately preceding such Default Termination. 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 commencing at any time following a Default Termination, and nothing contained herein shall be deemed to require Landlord to postpone suit until the scheduled Expiration Date. “Present Value” shall
be computed by discounting such amount to present value at a discount rate equal to the most recent GNP Deflator as released monthly by the United States Department of Commerce, Bureau of Economic Analysis. “Default Rate” shall mean the
lesser of (i) eighteen percent (18%) per annum or (ii) the highest rate of interest permitted by New York State law. 

Section 14.02 Nothing herein contained shall be construed as limiting or precluding the recovery by Landlord against Tenant of any
sums or damages to which, in addition to the damages particularly provided above, Landlord may lawfully be entitled by reason of any default hereunder on the part of Tenant. Tenant hereby waives any claim for money damages wherever in this Lease it
is provided that Landlord shall not unreasonably withhold or delay any consent or approval, in the event that Landlord shall unreasonably withhold or delay such consent or approval, nor shall Tenant claim any such money damages by way of setoff,
counterclaim or defense. 
 Section 14.03 Notwithstanding any provision of this Lease to the contrary, in no event shall
Landlord be liable for consequential damages in connection with any claimed or actual breach of this Lease. 
 ARTICLE 15 

Waivers by Tenant 

Section 15.01 Tenant, for Tenant, and on behalf of any and all firms, corporations, associations, persons or entities claiming
through or under Tenant, including creditors of all kinds, does hereby waive and surrender all right and privilege which they or any of them might have under or by reason of any present or future law to redeem the Premises or to have a continuance
of this Lease for the full term hereby demised after Tenant is dispossessed or ejected therefrom by process of law or 

  
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under the terms of this Lease or after the termination of this Lease as herein provided or pursuant to law. Tenant also waives the provisions of any law relating to notice and/or delay in levy of
execution in case of an eviction or dispossess. If Landlord commences any summary proceeding, Tenant agrees that Tenant will not interpose any counterclaim of whatever nature or description in any such proceeding (except compulsory counterclaims).

 ARTICLE 16 

Waiver of Trial by Jury 

Section 16.01 It is mutually agreed by and between Landlord and Tenant that, except in the case of any action, proceeding or
counterclaim brought by either of the parties against the other for personal injury or property damage, the respective parties hereto shall, and they hereby do, 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 Premises, and any emergency or any other statutory
remedy. 
 ARTICLE 17 

Elevators, Cleaning, Heating, Air Conditioning, Services, Etc. 

Section 17.01 Landlord will provide passenger elevator facilities during Business Hours and have one passenger elevator subject to
call during the other hours. Heat, for the warming of the Premises and the public portions of the Building, will be supplied by Landlord during Business Hours when and as required by law. “Business Hours”, as used in this Lease, means the
hours of 8:00A.M. to 6:00 P.M. of days other than Saturdays, Sundays and holidays observed by the State or Federal Government as legal holidays and such days as may now or hereafter be celebrated as holidays under the contract from time to time in
effect between Locals 32B and 32J of the Buildings’ Service Employees Union AFL-CIO (and successor thereto) and the Real Estate Advisory Board, Inc. (and any successor thereto) or on which first class office buildings in Manhattan are now or
are hereafter closed. Landlord will clean the Premises in accordance with the specifications attached hereto as Exhibit D provided the same are kept in order by Tenant, except any private/executive bathrooms and/or any portions of the Premises which
may be used for the preparation, 

  
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dispensing or consumption of food or beverages or for storage, shipping room, classroom or similar purposes or for the operation of computer, data processing or similar equipment, all of which
portions Tenant shall cause to be kept clean at Tenant’s own expense. 
 Section 17.02 Landlord shall, through the air
conditioning system, furnish to, and distribute in, the Premises air conditioning during Business Hours during the months of June, July, August and September when in the judgment of Landlord it may be required for the comfortable occupancy of the
Premises by Tenant and during Business Hours during other months of the year ventilate the Premises; provided, however, that Landlord shall not be liable for uncomfortable conditions in the Premises if the cause of the uncomfortable
conditions is due to the fact that Tenant’s cooling/heating needs are over and above the capacity/specifications of the Building’s heating, ventilation and air conditioning (HVAC) system attached hereto as Exhibit C. Tenant agrees to lower
and close the blinds when necessary because of the sun’s position whenever said HVAC system is in operation, and Tenant agrees at all times to cooperate fully with Landlord and to abide by all the regulations and requirements which Landlord may
prescribe for the proper functioning and protection of said HVAC system. In addition to any and all other rights and remedies which Landlord may invoke for any violation by Tenant of this Article 17, Landlord may, so long as such violation
continues, discontinue the furnishing of such HVAC service without any diminution or abatement of rent or other compensation to Tenant whatsoever. Landlord shall at all times have free and unrestricted access to any and all HVAC facilities in the
Premises. 
 Section 17.03 Landlord will, when and to the extent reasonably requested by Tenant furnish freight elevator or
additional elevator, HVAC, or cleaning services (collectively “Additional Services”) upon such terms and conditions as shall be determined by Landlord in its sole discretion; and Tenant shall pay to Landlord promptly on demand as
additional rent Landlord’s charge for such Additional Services. Landlord shall not be required to furnish, and Tenant shall not be entitled to receive, any Additional Services during any period wherein Tenant shall be in default in the payment
of Fixed Rent or additional rent as specified in this Lease. Without limiting the generality of the immediately preceding sentence, Tenant shall pay to Landlord Landlord’s charge for (a) any cleaning of the Building or any part thereof
required because of the carelessness or indifference of Tenant or the cleaning of any stains from floors or walls caused by any food or beverages, (b) any cleaning done at the 

  
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request of Tenant of any portions of the Premises which may be used for private/executive bathrooms and/or the preparation, dispensing or consumption of food or beverages or for storage, shipping
room, classroom or similar purposes or for the operation of computer, data processing or similar equipment, and (c) the removal of any of Tenant’s refuse and rubbish from the Building, except refuse and rubbish arising from ordinary
cleaning by Landlord as specified in Section 17.01 hereof. Tenant shall pay to Landlord an amount equal to any increase in the cost to Landlord for cleaning the Premises if such increase shall be due to (i) the use of the Premises by
Tenant during hours other than Business Hours or (ii) the installation in the Premises, at the request of or by Tenant, of any items, materials or finishes other than those which are of the standard adopted by Landlord for the Building or which
may require additional or special care. Tenant understands that all (i) deliveries and removals of construction tools, materials, equipment etc. in connection with Tenant’s Changes or surrender of the Premises and/or (ii) deliveries
and removals of furniture and personal property in connection with Tenant’s move-in to and vacating of the Premises, shall be done during non-Business Hours. Tenant agrees at all times to exclusively utilize the rubbish contractor which
Landlord from time to time designates as the Building’s rubbish contractor. 
 Section 17.04 At any time or times all or
any of the elevators in the Building may, at the option of Landlord, be manual and/or automatic elevators, and Landlord shall be under no obligation to furnish an elevator operator for any automatic elevator. If Landlord shall at any time or times
furnish any elevator operator for any automatic elevator, Landlord may discontinue furnishing such elevator operator without any diminution, reduction or abatement of rent. 

Section 17.05 Landlord reserves the right, without liability to Tenant and without constituting any claim of constructive
eviction, to stop or interrupt any HVAC, elevator, escalator, lighting, gas, steam, plumbing, power, electricity, water, condenser water, cleaning or other service and to stop or interrupt the use of any Building facilities at such times as may be
necessary and for as long as may reasonably be required by reason of accidents, strikes, or the making of repairs, alterations or improvements, or inability to secure a proper supply of fuel, gas, steam, water, electricity, labor or supplies, or by
reason of any other similar or dissimilar cause beyond the reasonable control of Landlord. No such stoppage or interruption shall entitle Tenant to any diminution or abatement of rent or other compensation nor shall this Lease or any of the

  
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obligations of Tenant be affected or reduced by reason of any such stoppage or interruption; provided, however, if the entire Premises or any substantial portion thereof shall be
rendered untenantable or inaccessible for a period in excess of ten (10) consecutive business days by reason of any circumstance within Landlord’s reasonable control, then Tenant shall, as its sole and exclusive remedy, be entitled to an
abatement of the Fixed Rent and Article 26 additional rent payable hereunder (on a prorata square foot basis) commencing on the eleventh (11th)) business day and continuing until the day upon which the entire Premises or the substantial portion
of the Premises, as the case may be, becomes tenantable/accessible; provided, further, if the entire Premises or any substantial portion thereof shall be rendered untenantable or inaccessible for a period in excess of thirty
(30) consecutive business days by reason of any circumstance beyond Landlord’s reasonable control, then Tenant shall, as its sole and exclusive remedy, be entitled to an abatement of the Fixed Rent and Article 26 additional rent payable
hereunder (on a prorata square foot basis) commencing on the thirty-first (31st) business day and continuing until the day upon which the entire Premises or the substantial portion of the Premises, as the case may be, becomes
tenantable/accessible. Tenant shall not be entitled to the abatement provided in this Section 17.05 at any time (and for the length of time) that Tenant is in default beyond any applicable cure period of any of the terms or conditions of this
Lease and/or if Tenant’s breach of this Lease, negligence or wilful misconduct caused the circumstances which gave rise to the inaccessibility or untenantability. Landlord agrees to make reasonable efforts to limit the duration of any such
stoppage or interruption but shall not be required to perform the same on an overtime or premium pay basis. 
 Section 17.06
Tenant acknowledges that the operation of elevators and HVAC equipment will cause some vibration, noise, heat or cold which may be transmitted to other parts of the Building and Premises. Landlord shall be under no obligation to endeavor to reduce
such vibration, noise, heat or cold beyond what is customary in current good building practice for buildings of the same first-class nature as the Building in the midtown area of the Borough of Manhattan. 

Section 17.07 Use of the term “Building Standard” or similar terminology in this Lease or in the exhibits attached
hereto, shall mean Landlord’s standard criteria, requirements or specifications (qualitatively based or quantitatively based) used in connection with maintenance, work or improvements in the Building. 

  
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 ARTICLE 18 

Lease Contains All Agreements—No Waivers 

Section 18.01 This Lease contains all the covenants, agreements, terms, provisions and conditions relating to the leasing of the
Premises hereunder, and Tenant acknowledges that neither Landlord nor Landlord’s agents have made, and Tenant in executing and delivering this Lease is not relying upon, any warranties, representations, promises or statements, except to the
extent that the same may expressly be set forth in this Lease. 
 Section 18.02 The failure of Landlord to insist in any
instance upon the strict performance of any provision of this Lease or to exercise any election herein contained shall not be construed as a waiver or relinquishment for the future of such provision or election, but the same shall continue and
remain in full force and effect. No waiver or modification by either party of any provision of this Lease or other right or benefit shall be deemed to have been made unless expressed in writing and signed by the party against whom enforcement is
sought. No surrender of the Premises or of any part thereof or of any remainder of the term of this Lease shall be valid unless accepted by Landlord in writing. Any claim which Tenant may have against Landlord for default in performance of any of
the obligations herein contained to be kept and performed by Landlord shall be deemed waived by Tenant unless such claim is asserted by written notice to Landlord within ninety (90) days after the commencement of the alleged default. Any breach
by Tenant of any provision of this Lease shall not be deemed waived by (a) the receipt and retention by Landlord of Fixed Rent or additional rent from anyone other than Tenant or (b) the acceptance of such other person as a tenant or
(c) a release of Tenant from the further performance by Tenant of the provisions of this Lease or (d) the receipt and retention by Landlord of Fixed Rent or additional rent with knowledge of the breach of any provision of this Lease. No
payment by Tenant or receipt or retention by Landlord of a lesser amount than any Fixed Rent or additional rent herein stipulated shall be deemed to be other than on account of the earliest stipulated rent, nor shall any endorsement or statement of
any check or any letter accompanying any check or payment as such rent be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rent or pursue any
other remedy in this Lease provided. No executory agreement hereafter made between Landlord and Tenant shall be effective to change, 

  
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modify, waive, release, discharge, terminate or effect an abandonment of this Lease, in whole or in part, unless such executory agreement is in writing, refers expressly to this Lease and is
signed by the party against whom enforcement of the change, modification, waiver, release, discharge or termination or effectuation of the abandonment is sought. 

ARTICLE 19 

Parties Bound 

Section 19.01 The covenants, agreements, terms, provisions and conditions of this Lease shall bind and benefit the respective
successors, assigns and legal representative of the parties hereto with the same effect as if mentioned in each instance where a party hereto is named or referred to, except that no violation of the provisions of Article 25 hereof shall operate to
vest any rights in any successor, assignee or legal representative of Tenant and that the provisions of this Article 19 shall not be construed as modifying the conditions of limitation contained in Article 12 hereof. It is understood and agreed,
however, that the covenants and obligations on the part of Landlord under this Lease shall not be binding upon Landlord herein named with respect to any period subsequent to the transfer of its interest in the Building, that in the event of such a
transfer said covenants and obligations shall thereafter be binding upon each transferee of such interest of Landlord herein named, but only with respect to the period ending with a subsequent transfer of such interest, and that a lease of the
entire interest shall be deemed a transfer within the meaning of this Article 19. 
 Section 19.02 If Tenant is or becomes a
partnership (or is or becomes comprised of two (2) or more persons, individually and/or as co-partners of a partnership) or if Tenant’s interest in this Lease shall be assigned to a partnership (or to two (2) or more persons,
individually and/or as co-partners of a partnership) (any such partnership and such persons are referred to in this Section as “Partnership Tenant”), the following provisions of this Section shall apply to such Partnership Tenant:
(a) the liability of each of the parties comprising Partnership Tenant shall be joint and several, and (b) each of the parties comprising Partnership Tenant hereby consents in advance to, and agrees to be bound by, any written instrument
which may hereafter be executed, changing, modifying or discharging this Lease, in whole or in part, or surrendering all or any part of the Premises to Landlord or renewing or extending 

  
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this Lease and by any notices, demands, requests or other communications which may hereafter be given, by Partnership Tenant or by any of the parties comprising Partnership Tenant, and
(c) any bills, statements, notices, demands, requests or other communications given or rendered to Partnership Tenant or to any of the parties comprising Partnership Tenant shall be deemed given or rendered to Partnership Tenant and to all such
parties and shall be binding upon Partnership Tenant and all such parties, and (d) if Partnership Tenant shall admit new partners, all of such new partners shall, by their admission to Partnership Tenant, be deemed to have assumed performance
of all the terms, covenants and conditions of this Lease on Tenant’s part to be observed and performed, and (e) Partnership Tenant shall give prompt notice to Landlord of the admission of any such new partners, and upon demand of Landlord,
shall cause each such new partner to execute and deliver to Landlord an agreement in form satisfactory to Landlord, wherein each such new partner shall assume performance of all of the terms, covenants and conditions of this Lease on Tenant’s
part to be observed and performed (but neither Landlord’s failure to request any such agreement nor the failure of any such new partner to execute or deliver any such agreement to Landlord shall vitiate the provisions of subdivision (d) of
this Section). 
 ARTICLE 20 

Curing Tenant’s Defaults—Additional Rent 

Section 20.01 If Tenant shall default in the keeping, observance or performance of any provision or obligation of this Lease,
Landlord, without thereby waiving such default, may perform the same for the account (and Tenant shall pay Landlord’s charge therefor) of Tenant, without notice in a case of emergency and in any other case if such default continues after ten
(10) days from the date of the giving by Landlord to Tenant of written notice of intention so to do. Bills for any expense incurred or charged by Landlord in connection with any such performance by Landlord for the account of Tenant, and bills
for all costs, charges, expenses and disbursements of every kind and nature whatsoever, including, but not limited to, reasonable counsel fees and disbursements, involved in collecting or endeavoring to collect the Fixed Rent or additional rent or
other charge or any part thereof or enforcing or endeavoring to enforce any rights against Tenant, under or in connection with this Lease, or pursuant to law, including (without being limited to) any such cost, expense and disbursement involved in
instituting and prosecuting any action or proceeding (including any summary 

  
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dispossess proceeding), as well as bills for any property, material, labor or services provided, furnished or rendered, or caused to be provided, furnished, or rendered, by Landlord to Tenant
including (without being limited to) electric lamps and other equipment, construction work done for the account of Tenant, water, towel and other services, as well as for any charges for any additional elevator, heating, air conditioning or cleaning
services incurred under Article 17 hereof and any charges for other similar or dissimilar services incurred under this Lease, may be sent by Landlord to Tenant monthly, or immediately, at Landlord’s option, and shall be due and payable within
ten (10) days after demand as additional rent under this Lease. If any Fixed Rent, additional rent or any other costs, charges, expenses or disbursements payable under this Lease by Tenant to Landlord are not paid within five (5) days
after the same is due, the same shall bear interest at the rate of one and one-half percent (1 1⁄2%) per month or the maximum rate permitted by law,
whichever is less, from the due date thereof until paid and the amount of such interest shall be additional rent. Tenant shall pay to Landlord the greater of (i) One Hundred and 00/100 Dollars ($100.00) or (ii) five percent (5%) of
the delinquent amount for each notice of late payment or non-payment sent by Landlord to Tenant which results from Tenant’s failure to make timely payments of any items of Fixed Rent or additional rent. 

Section 20.02 In the event that Tenant is in arrears in payment of Fixed Rent or additional rent or any other charge, Tenant
waives Tenant’s right, if any, to designate the items against which any payments made by Tenant are to be credited, and Tenant agrees that Landlord may apply any payments made by Tenant to any items Landlord sees fit, irrespective of and
notwithstanding any designation or request by Tenant as to the items against which any such payments shall be credited. Landlord reserves the right, without liability to Tenant without constituting any claim of constructive eviction, to suspend
furnishing or rendering to Tenant any overtime/overstandard property, material, labor, utility or other service, wherever Landlord is obligated to furnish or render the same at the expense of Tenant, in the event that (but only so long as) Tenant is
in arrears in paying Fixed Rent or additional rent due under this Lease. In addition, Landlord may (without releasing Tenant from any liability under this Lease) suspend furnishing to Tenant freight elevator service at the time Tenant desires or is
obligated to vacate or remove any property from the Premises in the event that Tenant is in arrears in paying any Fixed Rent or additional rent due under this Lease. 

  
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 ARTICLE 21 

Inability to Perform 

Section 21.01 This Lease and the obligations of Tenant to pay rent hereunder and perform all the other covenants, agreements,
terms, provisions and conditions hereunder on the part of Tenant to be performed shall in no way be affected, impaired or excused because Landlord is unable to fulfill any of its obligations under this Lease or is unable to supply or is delayed in
supplying any service expressly or implicitly to be supplied or is unable to make or is delayed in making any repairs, replacements, additions, alterations or decorations or is unable to supply or is delayed in supplying any equipment or fixtures if
Landlord is prevented or delayed from so doing by reason of accidents, emergencies, acts of God, acts of war, acts of third parties, strikes or labor troubles or any other similar or dissimilar cause whatsoever beyond Landlord’s reasonable
control, including, but not limited to, governmental preemption in connection with a national emergency or by reason of any rule, order or regulation of any department or subdivision thereof of any governmental agency or by reason of the conditions
of supply and demand which have been or are affected by war, hostilities or other similar or dissimilar emergency. If this Lease specifies a time period for the performance of an obligation by Landlord, that time period shall be extended by the
period of delay caused by any of the aforementioned causes beyond Landlord’s reasonable control. 
 ARTICLE 22 

Adjacent Excavation—Shoring 

Section 22.01 If an excavation shall be made upon land adjacent to or under the Building, or shall be authorized to be made,
Tenant shall afford to the person causing or authorized to cause such excavation, license to enter upon the Premises for the purpose of doing such work as said person shall deem necessary or desirable to preserve the Building 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 rent. 

  
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 ARTICLE 23 

Article Headings 

Section 23.01 The Article headings of this Lease are for convenience only and are not to be considered in construing the same.

 ARTICLE 24 

Electricity and Water 

Section 24.01 For the purpose of this Article, the term “Electric Rate” shall mean an amount equal to the actual cost to
Landlord, including all applicable taxes, demand charges, fuel factors, transfer adjustment factors, or any other charges of the utility, of all electricity purchased for the Building plus five percent (5%) of the total amount thereof as an
administrative charge to Landlord. Subject to the provisions of this Article 24, Landlord shall furnish electric energy to the Premises on a submetering basis for the purposes permitted under this Lease and Tenant shall purchase the same from
Landlord at the Electric Rate as applied to the electric energy consumed in the Premises, as measured by a meter or meters, maintained and installed by Landlord at Tenant’s expense (which installation may include the addition of, or the
modification of the existing, risers, feeders, wiring and other conductors and equipment, any and all of which shall be paid for by Tenant) at such location or locations as Landlord shall determine, it being understood that the meters so installed
may include a meter relating to the demand factor aspect of such consumption of electric energy. 
 Section 24.02 Tenant
covenants and agrees that at no time will the connected electrical load in the Premises exceed six (6) watts per usable square foot. Landlord shall furnish and install, at Tenant’s expense, all replacement lighting tubes, lamps, bulbs and
ballasts required in the Premises. 
 Section 24.03 Tenant’s use of electric energy in the Premises and/or the
Building’s telephone network shall not at any time exceed the capacity of any of the equipment in or otherwise serving the Premises. In order to ensure that such capacities are not exceeded and to avert possible adverse effect upon the
Building’s electric service and/or the Building’s telephone network, Tenant shall not, without Landlord’s prior consent in each instance (i) connect any fixtures, appliances or equipment to the Building’s electric
distribution system or make any alteration or addition to the electric system of the Premises existing on the Term Commencement Date other than personal computers, typewriters, lamps, desk calculators, photocopier and similar small office appliances
or (ii) connect any 

  
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telecommunication devices to the Building’s telephone network in excess of that which an ordinary office installation would connect. Should Landlord grant such consent(s), all additional
risers or other equipment required therefor shall be provided by Landlord and Landlord’s charge therefor (as well as any charge for any future maintenance or repair thereof) shall be paid by Tenant to Landlord within ten (10) days after
demand. In the event that prior to Tenant’s installation of its telephone/communications riser Landlord installs a telephone/communications riser which Landlord is willing to permit Tenant to utilize, then Tenant shall pay to Landlord, within
thirty (30) days after request is made therefor, an amount equal to the costs which Tenant would have otherwise incurred had Tenant installed its own telephone/communications riser. 

Section 24.04 Landlord reserves the right to discontinue furnishing electric energy to Tenant in the Premises at any time upon not
less than 90 days’ notice to Tenant. If Landlord exercises such right, this Lease shall continue in full force and effect and shall be unaffected thereby, except that from and after the effective date of such termination Landlord shall not be
obligated to furnish electric energy to Tenant and Tenant shall not be obligated to pay Landlord for any electric energy furnished to the Premises. If Landlord so discontinues furnishing electric energy to Tenant, Tenant shall arrange to obtain
electric energy directly from the public utility company furnishing electric energy to the Building. Such electric energy may be furnished to Tenant by means of the then existing building system feeders, risers and wiring to the extent that the same
are available, suitable and safe for such purpose. All meters and additional panel boards, feeders, risers, wiring and other conductors and equipment which may be required to obtain electric energy directly from such public utility company shall be
furnished and installed by Landlord and Tenant shall pay to Landlord Landlord’s charge therefor. 
 Section 24.05 Where
water is furnished to the Premises by Landlord for purposes other than for (i) normal office use, (ii) Landlord’s air conditioning equipment during Business Hours, and (iii) drinking, lavatory or toilet facilities in the core
area of the Premises, Tenant shall pay a reasonable amount for the same and for any required pumping and heating thereof as well as any taxes, sewer rents or other charges which may be imposed by the city or other governmental authority or agency
thereof based on the quantity of water so used by Tenant. In no event shall Landlord be obligated to provide hot water to the Premises. Tenant shall also pay to Landlord on demand, as additional rent, Landlord’s then-existing Building charge,
plus any taxes or other 

  
 41 

 
charges which may be imposed by any governmental authority thereon, for any condenser water as may be supplied by Landlord, in its sole discretion, for any supplemental (above Building standard)
air conditioning units servicing the Premises. 
 Section 24.06 Subject to Section 17.05, Landlord shall in no way be
liable or responsible to Tenant for any loss or damage or expense which Tenant may sustain or incur by reason of any failure, inadequacy or defect in the character, quantity or supply of electricity, water or telephone network access and/or service
furnished to the Premises. 
 Section 24.07 Tenant shall pay to Landlord, as additional rent, the amounts from time to time
billed by Landlord pursuant to the provisions hereof, each such bill to be paid within ten (10) days after the same has been rendered. If any tax is imposed upon Landlord’s receipts from the sale or resale of electric energy to Tenant
under federal, state, municipal or other law, such tax may, to the extent permitted by law, be passed on by Landlord to Tenant and be included as additional rent, in the bills payable by Tenant hereunder. 

Section 24.08 Notwithstanding anything contained in this Article 24 to the contrary (a) if the law or utility servicing the
Building requires Tenant to convert the method by which it receives electricity, then the cost to so convert shall be paid by Tenant and (b) if the conversion is required by Landlord and not the law or the utility servicing the Building, then
the cost to so convert shall be split equally between Landlord and Tenant. 
 Section 24.09 Tenant acknowledges that Landlord
may now, or in the future, have the right to select the entity or entities which will provide electrical power to the Building (including, the Premises). Landlord shall have the right, in its sole discretion, to select any entity or entities which
it desires to have as the electrical service provider to the Building (including, the Premises) and Tenant shall not have the right to select the same or participate in the selection of the same except and unless applicable law requires that Tenant
have any such right(s) (and then only to the extent applicable law requires). 

  
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 ARTICLE 25 

Assignment, Mortgaging, Subletting, Etc. 

Section 25.01 Tenant shall not, whether directly, indirectly, voluntarily, involuntarily, or by operation of law or otherwise
(a) assign or otherwise transfer this Lease or the term and estate hereby granted or any interest herein or offer or advertise to do so, (b) sublet the Premises or any part thereof, or offer or advertise to do so, or allow the same to be
used, occupied or utilized by anyone other than Tenant, or (c) mortgage, pledge, encumber, grant a security interest in or otherwise hypothecate this Lease or the Premises or any interest therein or any part thereof in any manner whatsoever,
without in each instance obtaining the prior written consent of Landlord. 
 Section 25.02 If Tenant is a corporation,
partnership or other entity, the provisions of subdivision (a) of Section 25.01 shall apply to (i) a transfer of any percentage interest of the stock or beneficial ownership interest, as the case may be, of Tenant (at any level and however
accomplished, whether in a single transaction or in a series of related or unrelated transactions); (ii) a transfer by operation of law or otherwise, of Tenant’s interest in this Lease; and/or (iii) any increase in the amount of
issued and/or outstanding shares of capital stock of any corporate Tenant (or partnership interests of any partnership Tenant) and/or the creation of one or more additional classes of capital stock of any corporate Tenant (or partnership interests
of any partnership Tenant) (however accomplished, whether in a single transaction or in a series of related or unrelated transactions), with the result that the Tenant shall no longer be controlled by the beneficial and record owners of the capital
stock of such corporate Tenant (or partnership interests in the case of a partnership) as of the date Tenant executed this Lease. Notwithstanding the above, the provisions of subdivision (a) of Section 25.01 shall not apply to transactions
with a corporation or other entity into or with which Tenant is merged or consolidated or to which all or substantially all of Tenant’s assets are transferred, provided that in any of such events the successor to Tenant has a net worth computed
in accordance with generally accepted accounting principles equal to or greater than the net worth of Tenant immediately prior to such merger, consolidation or transfer and Tenant is ultimately controlled by the same persons who controlled Tenant
immediately prior to such merger, consolidation or transfer and Tenant provides Landlord with satisfactory evidence of the same at least thirty (30) days prior to such merger, consolidation or asset transfer; provided, however,
this exception shall not apply in the situation where Tenant is a shell corporation (i.e., either Tenant has no or minimal assets or all or substantially all of Tenant’s assets are located at the Premises and it derives all or
substantially all of its income from operations at the Premises). In the event 

  
 43 

 
that Tenant is a shell corporation, any such merger, consolidation or asset transfer shall be subject to Section 25.01. Notwithstanding anything contained in this Article 25 to the contrary,
CNBB-RDF HOLDINGS, LP (“CNBB”) may assign this Lease and/or sublease the Premises or any portion thereof to any entity which controls CNBB, CNBB controls and/or is under common control with CNBB, without having to obtain Landlord’s
prior written consent (and shall not be subject to Section 25.06) provided that (a) CNBB is not in default of any of the terms or conditions of this Lease at the time of the making of such assignment or sublease or the time such assignment
or sublease is to take effect or commence, as the case may be, (b) CNBB provides Landlord with ten (10) business days’ prior written notice thereof along with a fully executed copy of the assignment or sublease, (c) CNBB provides
Landlord, from time to time (initially as well as any time thereafter), within five (5) business days’ after Landlord requests the same, such evidence and/or affidavits as Landlord may require in order to confirm whether the
above-described control test is satisfied, (d) CNBB and the assignee or subtenant, as the case may be, executes Landlord’s then standard form of consent to assignment or sublease, as the case may be, and Tenant reimburses Landlord for
Landlord’s legal and administrative fees in connection therewith and (e) said assignee or subtenant continues at all times thereafter to satisfy the above-described control test. 

Section 25.03 If this Lease be assigned, whether or not in violation of the provisions of this Lease, Landlord may, after default
by Tenant, and expiration of Tenant’s time to cure such default, collect rent from the assignee. If the Premises or any part thereof are sublet or used or occupied by anybody other than Tenant, whether or not in violation of this Lease,
Landlord may, after default by Tenant, and expiration of Tenant’s time to cure such default, collect rent from the subtenant or occupant. In either event, Landlord may apply the net amount collected to the Fixed Rent and additional rent herein
reserved, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of any of the provisions of Section 25.01, or the acceptance of the assignee, subtenant or occupant as tenant, or as a release of Tenant from the
performance by Tenant of Tenant’s obligations under this Lease. The consent by Landlord to assignment, mortgaging, subletting or use or occupancy by others shall not in any way be considered to relieve Tenant from obtaining the express written
consent of Landlord to any other or further assignment, mortgaging, subletting or use or occupancy by others not expressly permitted by this Article. References in this Lease to use or occupancy by others, that is anyone other than Tenant, shall not
be construed as limited to subtenants and 

  
 44 

 
those claiming under or through subtenants but as including also licensees and others claiming under or through Tenant, immediately or remotely. 

Section 25.04 Any assignment or transfer, whether made with or without Landlord’s consent pursuant to Section 25.01 or
Section 25.02, shall be made only if, and shall not be effective until, the assignee shall execute, acknowledge and deliver to Landlord an agreement in form and substance satisfactory to Landlord whereby the assignee shall assume the
obligations of this Lease on the part of Tenant to be performed or observed and whereby the assignee shall agree that the provisions in Section 25.01 shall, notwithstanding such assignment or transfer, continue to be binding upon it in respect
of all future assignments and transfers. Tenant covenants that, notwithstanding any assignment or transfer (including by way of asset transfer), whether or not in violation of the provisions of this Lease, and notwithstanding the acceptance of Fixed
Rent and/or additional rent by Landlord from an assignee, transferee, or any other party, Tenant shall remain fully liable for the payment of the Fixed Rent and additional rents and for the other obligations of this Lease on the part of Tenant to be
performed or observed. 
 Section 25.05 The joint and several liability of Tenant and any immediate or remote
successor-in-interest of Tenant and the due performance of the obligations of this Lease on Tenant’s part to be performed or observed shall not be discharged, released or impaired in any respect by any agreement or stipulation made by Landlord
extending the time of, or modifying any of the obligations of, this Lease, or by any waiver or failure of Landlord to enforce any of the obligations of this Lease. 

Section 25.06 Notwithstanding anything contained to the contrary in Sections 25.01 or 25.02 of this Article, if Tenant shall at
any time or times during the term of this Lease desire to assign this Lease (other than an assignment to be made pursuant to the second sentence in Section 25.02) or sublet all or part of the Premises, Tenant shall give notice thereof to
Landlord, which notice shall be accompanied by (a) a conformed or photostatic copy of the proposed assignment or sublease, the effective or commencement date of which shall be at least forty-five (45) days after the giving of such notice,
(b) a statement setting forth in reasonable detail the identity of the proposed assignee or sub-tenant, the nature of its business and its proposed use of the Premises, and (c) current financial information with respect to the proposed
assignee or subtenant, including without limitation, its most recent financial report. 

  
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 Section 25.07 Intentionally deleted. 

Section 25.08 Intentionally deleted. 

Section 25.09 Intentionally deleted. 

Section 25.10 Provided that Tenant is not in default of any of Tenant’s obligations under this Lease, Landlord’s consent
(which must be in writing and in form satisfactory to Landlord) to the proposed assignment or sublease shall not be unreasonably withheld, or delayed, provided and upon condition that all of the following are satisfied: 

(a) intentionally deleted; 
 (b)
In Landlord’s reasonable judgment the proposed assignee or subtenant is engaged in a business, and its proposed use of the Premises (or a portion thereof) is, appropriate for and in keeping with the then standards of the Building and consistent
with the character and quality of the existing tenancies thereof; and the proposed use (i) is limited to the use expressly permitted under Section 1.03 and (ii) will not violate any negative covenant as to use contained in any other
lease of space in the Building; 
 (c) The financial condition and the general reputation of the proposed assignee or subtenant is
commensurate with: (i) the responsibility involved in the proposed assignment or sublease and (ii) the character and dignity of the Building and the existing tenancies thereof, and Landlord has been furnished with reasonable proof of all
of the foregoing; 
 (d) Neither (i) the proposed assignee or subtenant nor (ii) any person which, directly or indirectly,
controls, is controlled by, or is under common control with, the proposed assignee or subtenant, is then an occupant of any part of the Building; 

(e) The proposed assignee or subtenant is not a person with whom Landlord is then negotiating to lease space in the Building; nor a person,
entity or business subject to compliance with any legal requirements beyond those requirements applicable to Tenant; nor will the nature of its occupancy cause an excessive density of employees or traffic within the Building, or make excessive
demands on the Building’s services or facilities, or in any other way lessen the character or dignity of the Building; 

  
 46 

 (f) The form of the proposed assignment or sublease shall comply with the applicable provisions
of this Article and otherwise be reasonably acceptable to Landlord; and Tenant and the proposed assignee or subtenant shall execute a Consent to Assignment or Subletting in form acceptable to Landlord; 

(g) There shall not be more than one (1) subtenant (including Landlord or its designee) of the Premises; 

(h) The amount of the aggregate rent to be paid by the proposed subtenant is not less than 85% of the then current rent per rentable square
foot being asked by Landlord for comparable space in the Building, and in any event the rental and other terms and conditions of the sublease are the same as those contained in the proposed sublease furnished to Landlord pursuant to
Section 25.06; 
 (i) Tenant shall pay to Landlord on demand Landlord’s legal and administrative fees in connection with said
assignment or sublease, including, without limitation, the costs of making investigations as to the acceptability of the proposed assignee or subtenant; 

(j) Tenant shall not have (i) advertised or publicized in any way the availability of the Premises or any part thereof without prior
notice to and reasonable approval by Landlord (except Tenant may list the same with a broker(s)), nor shall any advertisement state the name (as distinguished from the address) of the Building or the proposed rental, or (ii) listed the Premises
for subletting, whether through a broker, agent, representative, or otherwise at a rental rate less than the rate permitted by subdivision (h) of this Section; and 

(k) The proposed assignee or subtenant shall not be (x) entitled, directly or indirectly, to diplomatic or sovereign immunity and shall
be subject to the service of process in, and the jurisdiction of the courts of, the State of New York nor (y) a charitable, religious, union or other not-for-profit organization or any tax exempt entity within the meaning of the Internal
Revenue Code or any successor or substitute statute, or rule or regulation. 
 Each subletting pursuant to this Article shall be subject to
all the covenants, agreements, terms, provisions and conditions contained in this Lease. Notwithstanding any subletting to any other subtenant and/or acceptance of rent or additional rent by Landlord from any subtenant, Tenant shall and

  
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will remain fully liable for the payment of the Fixed 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 licensee or subtenant or anyone claiming under or through any subtenant which shall be in violation of any of the obligations of this Lease,
and any such violation shall be deemed a violation by Tenant. Tenant further agrees that notwithstanding any such subletting, no other and further subletting of the Premises by Tenant or any person claiming through or under Tenant shall or will be
made except upon compliance with and subject to the provisions of this Article. If Landlord shall decline to give its consent to any proposed assignment or subtenant, 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 assignee or subtenant or by any brokers or other persons claiming a
commission or similar compensation in connection with the proposed assignment or sublease. 
 Section 25.11 In the event that
Tenant fails to execute and deliver the assignment or sublease to which Landlord consented within sixty (60) days after the giving of such consent, then, Tenant shall again comply with all the provisions and conditions of Section 25.06
before assigning this Lease or subletting all or part of the Premises. 
 Section 25.12 With respect to each and every sublease
or subletting authorized by Landlord under the provisions of this Lease, it is further agreed: 
 (a) The subletting shall be for a term
ending prior to the Expiration Date. 
 (b) No sublease shall be valid, and no subtenant shall take possession of the Premises or any part
thereof, until an executed counterpart of such sublease has been delivered to Landlord. 
 (c) Each sublease shall be deemed to 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 Section 27.04 shall govern in the event of termination, re-entry or dispossess by Landlord or successor landlord under this
Lease. 

  
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 Section 25.13 If Landlord shall give its consent to any assignment of this Lease or
to any sublease, Tenant shall in consideration therefor pay to Landlord as additional rent: 
 (a) in the case of an assignment, an amount
equal to all sums and other considerations paid to Tenant by the assignee for or by reason of such assignment (including, but not limited to, sums paid for the sale of Tenant’s Property, less, in the case of a sale thereof, the then depreciated
cost thereof determined on the basis of Tenant’s federal income tax returns) and after deducting reasonable legal fees, the cost of reasonable alterations and reasonable brokerage fees; and 

(b) in the case of a sublease, any rents, additional rent or other consideration payable under the sublease to Tenant by the subtenant in
excess of the Fixed Rent and additional rent accruing during the term of the sublease in respect of the subleased space (at the rate per square foot payable by Tenant hereunder) pursuant to the terms hereof (including, but not limited to, sums paid
for the sale or rental of Tenant’s Property, less, in the case of the sale thereof, the then depreciated cost thereof determined on the basis of Tenant’s federal income tax returns) and after deducting (on an amortized basis over the term
of the sublease) reasonable legal fees, the cost of reasonable alterations and reasonable brokerage fees. The sums payable under this Section 25.13(b) shall be paid to Landlord as and when received by Tenant. 

Section 25.14 Landlord may, at the request of Tenant, maintain listings on the Building directory (to the extent the same exists)
of the names of Tenant and any other person, firm, association or corporation in occupancy of the Premises or any part thereof as permitted hereunder, and the names of any officers or employees of any of the foregoing; provided, however, that the
number of names so listed shall be in no greater proportion to the capacity of the Building directory as the aggregate number of square feet of rentable area of the Premises is to the aggregate number of square feet of rentable area of the Building.
The listing of any name other than that of Tenant, whether on the doors of the Premises, on the Building directory, or otherwise, shall not operate to vest in said person or entity any right or interest in the Lease or in the Premises or any
portions thereof or be deemed to be the consent of Landlord (written or otherwise) mentioned in this Article 25. It is expressly understood that any such listing is a privilege extended by Landlord revocable at will by written notice to Tenant. 

  
 49 

 ARTICLE 26 

Escalations 

Section 26.01 As used in this Lease, the words and terms which follow mean and include the following: 

(a) “Tax Year” shall mean each period of twelve (12) months, commencing on the first day of July of each such period, in which
occurs any part of the term of this Lease or such other period of twelve (12) months occurring during the term of this Lease as hereafter may be duly adopted as the fiscal year for real estate tax purposes of the City of New York. 

(b) “Operating Year” shall mean each calendar year of twelve consecutive months. 

(c) “Tenant’s Tax Proportionate Share” shall be deemed to be 0.1293% for the purposes of this Lease. “Tenant’s
Operating Proportionate Share” shall be deemed to be 0.1494% for the purposes of this Lease. Tenant acknowledges that such agreed-upon percentages shall change only if the area of the Premises is increased or decreased pursuant to a writing
signed by Landlord and Tenant or if Landlord physically constructs additional rentable space in the Building; 
 (d) “Operating
Expenses” shall include those expenses which have the meaning set forth in Exhibit B, annexed hereto and made a part hereof. 
 (e)
“Base Year Operating Expenses” shall mean the Operating Expenses for the Operating Year ending December 31, 2015. 
 (f)
“Real Estate Taxes” shall mean the aggregate amount of real estate taxes and assessments imposed upon the Land and Building and payable by Landlord (including, without limitation, (i) real estate taxes upon any “air rights”
payable by the Landlord; and (ii) any assessments levied after the date of this Lease for public benefits to Land and/or Building, or special assessments levied on the Land and/or Building, which assessments, if payable in installments shall be
deemed payable in the maximum number of permissible installments), in the manner in which such taxes and assessments are imposed as of the date hereof, excluding any franchise or income tax of Landlord; provided, that if because of any change in the
taxation of real estate, any other tax or assessment of any kind or nature 

  
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(including, without limitation, any occupancy, gross receipts or rental tax but excluding inheritance, gift and excise taxes) is imposed upon Landlord or the owner of the Land and/or Building, or
upon or with respect to the Land and/or Building or the occupancy, rents or income therefrom, in substitution for, or in addition to, any of the foregoing Real Estate Taxes, such other taxes or assessment shall be deemed part of the Real Estate
Taxes. With respect to any Tax Year, all expenses, including legal fees, experts’ and other witnesses’ fees, incurred in contesting the validity or amount of any Real Estate Taxes (whether or not successful in lowering the amount of Real
Estate Taxes), shall be considered as part of the Real Estate Taxes for such Tax Year. Landlord shall have the exclusive right, but not the obligation, to contest or appeal any assessment of Real Estate Taxes levied upon the Land and the Building by
any governmental or quasi-governmental taxing agency. Tenant shall have no right or power to contest or appeal any assessment of Real Estate Taxes. 

(g) “Real Estate Tax Base” shall mean the sum which is equal to one-half of the sum of the Real Estate Taxes for the Tax Year ending
on June 30, 2015 and the Real Estate Taxes for the Tax Year ending on June 30, 2016. 
 (h) “Escalation Statement” shall
mean a statement in writing signed by Landlord, setting forth the amount payable by Tenant for a specified Tax Year or Operating Year, as the case may be, pursuant to this Article 26, setting forth in reasonable detail the computation of any
additional rent payable pursuant to this Article. 
 Section 26.02 If the Real Estate Taxes for any Tax Year shall be greater
than the Real Estate Tax Base, Tenant shall pay to Landlord as additional rent pursuant to Sections 26.05 and 26.06 for the Premises for such Tax Year an amount (herein called the “Tax Payment”) equal to Tenant’s Tax Proportionate
Share of the amount by which the Real Estate Taxes for such Tax Year are greater than the Real Estate Tax Base. In the event that any Tenant’s Changes result in an increase in Real Estate Taxes and Landlord receives a separate tax bill which
specifically delineates the tax increase as it relates to the Tenant’s Change in question, then Tenant shall pay 100% of such tax increase. 

Section 26.03 For each Operating Year commencing during the term of this Lease, Tenant shall pay pursuant to Sections 26.05 and
26.06 an amount (Operating Payment) equal to Tenant’s Operating Proportionate Share of the amount by which the Operating Expenses for such Operating Year are greater than the Base Year Operating Expenses. 

  
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 Section 26.04 If, in any Operating Year (any part or all of which falls within the
Lease term), Landlord shall incur any cost for a capital improvement made or purchased in compliance with any law or governmental regulation (as, for example, respecting fire safety, in compliance with New York City Local Law #5-73 and/or the cost
to purchase the Building’s telephone network in the event that the law requires the same to be purchased from the utility serving the Building), then Tenant shall pay to Landlord as additional rent for the Premises for the next succeeding
Operating Year and continuing thereafter for each succeeding year (and any fraction thereof) during the balance of the Lease term (to the extent that such improvement is being amortized during the balance of the Lease term and Landlord agrees to
amortize the cost of any such improvement over a period of not less than ten (10) years) an amount equal to Tenant’s Operating Proportionate Share of the reasonable annual amortization of such cost (together with interest thereon). 

Section 26.05 Landlord shall furnish to Tenant, prior to the commencement of each Operating Year or Tax Year, as the case may be,
a written statement setting forth Landlord’s reasonable estimate of the Tax Payment or the Operating Payment, as the case may be, and in the case of any Operating Year, pursuant to Section 26.03 hereof, and, in case of any Tax Year,
pursuant to Section 26.02 hereof. Tenant shall pay to Landlord on the first day of each month during such Operating Year or Tax Year, as the case may be, an amount equal to one-twelfth of Landlord’s reasonable estimate of the Operating
Payment for such Operating Year or the Tax Payment for such Tax Year. If, however, Landlord shall furnish any such estimate for an Operating Year or a Tax Year subsequent to the commencement thereof, then (a) until the first day of the month
following the month in which such estimate is furnished to Tenant, Tenant shall pay to Landlord on the first day of each month an amount equal to the monthly sum payable by Tenant to Landlord under this Section in respect of the last month of the
preceding Operating Year or Tax Year; (b) promptly after such estimate is furnished to Tenant, Landlord shall give notice to Tenant stating whether the installments of the Operating Payment or Tax Payment previously made for such Operating Year
or Tax Year, as the case may be, were greater or less than the installments of the Operating Payment or Tax Payment to be made for such Operating Year or Tax Year in accordance with such estimate, and (i) if there shall be a deficiency, Tenant
shall pay the amount thereof within ten (10) days after demand therefor, or (ii) if there shall have been an 

  
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overpayment, Landlord shall promptly refund to Tenant the amount thereof; and (c) on the first day of the month following the month in which such estimate is furnished to Tenant, and monthly
thereafter throughout the remainder of such Operating Year or Tax Year, as the case may be, Tenant shall pay to Landlord an amount equal to one-twelfth (1/12th) of the Operating Payment or Tax Payment, as the case may be, shown on such estimate.

 Section 26.06 Landlord shall furnish to Tenant an Escalation Statement for each Operating Year and for each Tax Year. If the
Escalation Statement shall show that the sums paid by Tenant under Section 26.05 exceeded the Tax Payment or Operating Payment to be paid by Tenant for such Tax Year or Operating Year, as the case may be, Landlord shall promptly refund to
Tenant the amount of such excess; and if the Escalation Statement for such Tax Year or Operating Year, as the case may be, shall show that the sums so paid by Tenant were less than the Tax Payment or Operating Payment, as the case may be, to be paid
by Tenant for such Tax Year or Operating Year, Tenant shall pay the amount of such deficiency within ten (10) days after demand therefor. 

Section 26.07 In case the Real Estate Taxes for any Tax Year or part thereof shall be reduced during the term hereof after Tenant
shall have paid Tenant’s Tax Proportionate Share of any increase thereof in respect of such Tax Year pursuant to Section 26.06 hereof, Landlord shall credit or refund to Tenant Tenant’s Tax Proportionate Share of the refund of such
taxes received by Landlord. If, after an Escalation Statement has been sent to Tenant during the term hereof, the assessed valuation which had been utilized in determining the Real Estate Base Tax is reduced (as a result of settlement, final
determination of legal proceedings or otherwise), then, and in such event (a) the Real Estate Tax Base shall be retroactively adjusted to reflect such reduction and (b) all retroactive additional rent resulting from such retroactive
adjustment shall be forthwith payable when billed by Landlord. Landlord shall send to Tenant a statement setting forth the basis for such retroactive adjustment and additional rent payments. 

Section 26.08 Intentionally deleted. 

Section 26.09 Payments shall be made pursuant to this Article 26 notwithstanding the fact that an Escalation Statement is
furnished to Tenant after the Expiration Date and any delay or failure of Landlord in billing any additional rent provided for in this Article 26 shall not constitute a waiver of or in any way impair the continuing obligation of Tenant to pay such
additional rent hereunder. 

  
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 Section 26.10 Provided that Tenant is not in default hereunder, if Tenant’s
Operating Payment increases by more than five percent (5%) from one Operating Year to the next Operating Year, then, within sixty (60) days after the submission of the Escalation Statement indicating such increase, Landlord shall allow
Tenant or Tenant’s agents, upon ten (10) business days advance notice to Landlord, to examine, during Business Hours at Landlord’s office where such records are kept, such books purchase orders, invoices, payrolls and other records in
Landlord’s possession as may be reasonably necessary in order to permit Tenant to verify the information set forth in such Escalation Statement with respect to Operating Expenses (an “Auditn); provided, however, that if any tenant in the
Building has conducted an Audit covering the time period Tenant intends to audit and Landlord furnishes a copy of the results of such Audit to Tenant, then Tenant shall have no rights to conduct an Audit for such time period. Any such Audit may only
be conducted by an independent, nationally-recognized accounting firm approved by Landlord that is not being compensated by Tenant on a contingency fee basis. Tenant and its agents shall keep all information which they are shown in connection with
any Audit confidential and shall not reveal the same to any third party except as may be required by law. Landlord shall have the right to precondition any verification right provided hereunder upon the execution by Tenant and the person conducting
such Audit of a confidentiality agreement in such form as required by Landlord. Tenant shall deliver to Landlord a copy of the results of such Audit within fifteen (15) days after completion or receipt by Tenant of such results. In the event
that Tenant fails to initiate such Audit within said sixty (60) day period, Tenant shall have no further right to challenge or contest the accuracy of the applicable Escalation Statement. No assignee of the Tenant named herein shall have any
right to conduct an Audit for any period during which such assignee was not in possession of the Premises and no subtenant shall have any right to conduct an Audit. Within ten (10) days after demand therefor, Tenant shall reimburse Landlord for
the reasonable costs of Landlord’s personnel and representatives who are involved in such Audit. 
 Section 26.11 In no
event shall (x) the Fixed Rent under this Lease (exclusive of the additional rent under this Article) be reduced by virtue of this Article or (y) Tenant be entitled to a credit against the payment of any additional rent that may be due
under this Lease (including this Article 26) by reason of the fact that (i) Operating Expenses in any Operating 

  
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Year are less than Base Year Operating Expenses and/or (ii) Real Estate Taxes for any Tax Year are less than the Real Estate Tax Base. 

ARTICLE 27 

Subordination 

Section 27.01 This Lease is subject and subordinate in all respects to all ground leases and/or underlying leases now or hereafter
covering the real property or any portion thereof of which the Premises form a part and to all mortgages and trust indentures which may now or hereafter be placed on or affect such leases and/or the real property of which the Premises form a part,
or any part or parts of such real property, and/or Landlord’s interest therein, and to each advance made and/or hereafter to be made under any such mortgages, or indentures and to all renewals, modifications, consolidations, increases,
recastings, replacements, extensions and substitutions of and for such ground leases and/or underlying leases and/or mortgages or indentures (each lease or mortgage to which this Lease shall be subject and subordinate pursuant to the provisions
hereof being respectively herein called a “superior lease” or a “superior mortgage”). This Section 27.01 shall be self-operative and no further instrument of subordination shall be required. In confirmation of such
subordination, Tenant shall execute, at its sole cost and expense, and deliver promptly any certificate that Landlord and/or any lessor under any superior lease and/or any holder of any superior mortgage and/or their respective successors in
interest may request. Tenant hereby constitutes and appoints Landlord and/or any lessor under any superior lease and/or any holder of any superior mortgage and/or their respective successors in interest as Tenant’s attorney-in-fact to execute
and deliver any such certificate or certificates for and on behalf of Tenant. 
 Section 27.02 In the event of any act or
omission of Landlord that would give Tenant the right, immediately or after lapse of a period of time, to cancel or terminate this Lease, or to claim a partial or total eviction, Tenant shall not be entitled to exercise such right: 

(a) unless and until Tenant has given prompt written notice of such act or omission to the lessor under each superior lease and the holder of
each superior mortgage, whose name and address shall previously have been furnished to Tenant in writing; and 

  
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 (b) unless such act or omission shall be one which is not capable of being remedied by Landlord
or such lessor or such holder within a reasonable period of time, until a reasonable period for remedying such act or omission shall have elapsed following the giving of such notice and following the time when the lessor under such superior lease or
the holder of such superior mortgage shall have become entitled under such lease or such mortgage, as the case may be, to remedy the same (which reasonable period shall in no event be less than the period to which Landlord would be entitled under
this Lease or otherwise, after similar notice, to effect such remedy}, provided such lessor or such holder shall with due diligence give Tenant written notice of intention to, and commence and continue to remedy such act or omission. 

Section 27.03 Tenant covenants that neither the termination of any superior lease or any superior mortgage, nor the institution of
any suit, action or other proceeding by the lessor under any such superior lease or the holder of any such superior mortgage to recover possession of the Premises leased or mortgaged under any such superior lease or any such superior mortgage or to
realize on the mortgagor’s interest under any such superior mortgage or any such superior lease (provided that Tenant is not otherwise disturbed by the lessor under any such superior lease or the holder of any such superior mortgage} shall, by
operation of law or otherwise, result in the cancellation or termination of this Lease (unless specific action is taken by the lessor under any such superior lease or the holder of any such superior mortgage to terminate this Lease} or the
obligations of Tenant hereunder. If the lessor under any superior lease or the holder of any superior mortgage, or the purchaser upon any foreclosure sale relating to such superior mortgage, or any designee of such lessor or such holder shall
succeed to the rights of Landlord under this Lease, whether through possession, or any action or proceeding relating to the termination of such superior lease, or foreclosure action or delivery of a new lease or deed, then, at the request of such
party so succeeding to Landlord’s rights (such party being sometimes herein called a “successor landlord”} and upon such successor landlord’s written agreement to accept Tenant’s attornment, Tenant shall attorn to and
recognize such successor landlord as Tenant’s landlord under this Lease, and shall promptly execute and deliver, at Tenant’s sole expense, any instrument that such successor landlord may reasonably request to evidence such attornment and
none of the above-described successions shall, by operation of law or otherwise, result in the cancellation or termination of this Lease (unless specific 

  
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action is taken by such successor landlord to terminate this Lease) or the obligations of Tenant. In the event successor landlord requests Tenant to execute an attornment, Tenant shall acquire no
rights with respect to said successor landlord until the attornment has been executed. Upon such attornment, this Lease shall continue in full force and effect as, or as if it were, a direct lease between the successor landlord and Tenant upon all
of the terms, conditions and covenants set forth in this Lease, except that the successor landlord shall not: 
 (a) be liable for any
previous act or omission of Landlord under this Lease; 
 (b) be subject to any offset, not expressly provided for in this Lease, which
shall have theretofore accrued to Tenant against Landlord; or 
 (c) be bound by any previous modification of this Lease, not expressly
provided for in this Lease, or by any previous prepayment of more than one month’s Fixed Rent or additional rent, unless such modification or prepayment shall have been expressly approved in writing by the lessor under the superior lease or the
holder of the superior mortgage through or by reason of which the successor landlord shall have succeeded to the rights of Landlord under this Lease. 

Section 27.04 In the event of termination, cancellation, re-entry or dispossess by Landlord or a successor landlord under this
Lease Tenant shall, at Landlord’s or the successor landlord’s request, execute an assignment by Tenant to Landlord or the successor landlord of Tenant’s interest as sublessor under any subleases to this Lease, and Tenant hereby
appoints Landlord or the successor landlord as Tenant’s attorney-in-fact to execute any such assignment upon Tenant’s failure or refusal to do so and shall execute any necessary documents to confirm said appointment upon Landlord’s or
the successor landlord’s request. 
 At Landlord’s or successor landlord’s option, sublessee shall attorn to Landlord or the
successor landlord and upon such attornment, the sublease shall continue in full force and effect as, or as if it were, a direct lease between Landlord or the successor landlord and sublessee upon all the terms, conditions and covenants set forth
in, at Landlord’s or successor landlord’s option, the Lease or the sublease, except that Landlord or the successor landlord shall not: 

(a) be liable for any previous act or omission of sublessor under the sublease; 

  
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 (b) be subject to any offset, which shall have theretofore accrued to sublessee against
sublessor; or 
 (c) be bound by any previous modification of the sublease, not expressly provided for in the sublease, or by any previous
prepayment of more than one month’s Fixed Rent or additional rent, unless such modification or prepayment shall have been expressly approved in writing by the Landlord under the Lease, the lessor under the superior lease or the holder of the
superior mortgage through or by reason of which the successor landlord shall have succeeded to the rights of sublessor under the sublease, as the case may be. 

In the event that Landlord or a successor landlord, as the case may be, does not request Tenant to assign its interest in the sublease or have
sublessee attorn to Landlord or the successor landlord, as the case may be, then Landlord or successor landlord, as the case may be, shall have the right to terminate the sublease immediately at any time after termination or cancellation of this
Lease or re-entry or dispossess by Landlord or a successor landlord under this Lease. 
 All subleases made in accordance with this Lease
shall be subject to the above provision. 
 Section 27.05 In the event the holder of any mortgage or the lessor of any lease
(present or future) relating to the Premises and/or this Lease requests that (a) this Lease and Tenant’s rights hereunder be made superior, rather than subordinate, to such mortgage or lease and/or (b) Tenant enter into a
subordination non-disturbance and attornment agreement, then Tenant, within ten (10) days after written request, will execute and deliver without charge such agreement(s) in such form(s) acceptable to the holder of such mortgage or lessor of
such lease. In any instance where the consent of any holder of any superior lease or superior mortgage is required to be given in connection with any matter relating to this Lease, Landlord shall not be required to give its consent to such matter
unless and until such required consent is given and Landlord shall not be found to have unreasonably withheld its consent if such required consent is withheld by any superior lease or superior mortgage. 

Section 27.06 If Tenant fails to execute and deliver any documents as and when required by this Article 27, then,

  
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notwithstanding any other provision of this Lease, without the requirement of notice from Landlord such failure will constitute a default under this Lease beyond any applicable grace period,
entitling Landlord to the same rights and remedies as if such default were with respect to nonpayment of Fixed Rent. 
 ARTICLE 28

 Miscellaneous 

Section 28.01 Notwithstanding anything contained in this Lease to the contrary, Tenant covenants and agrees that Tenant will not
use the Premises or any part thereof, or permit the Premises or any part thereof to be used, 
 (i) for a banking, trust company, or safe
deposit business, 
 (ii) as a savings bank, or as a savings and loan association, or as a loan company, 

(iii) for the sale of travelers checks and/or foreign exchange, or as a tourist or travel agency, 

(iv) as a stock brokerage office or for stock brokerage purposes or for the underwriting of securities, 

(v) as a newsstand, employment agency, office for a labor union, classroom or school, 

(vi) as a restaurant and/or bar and/or for the sale of confectionery and/or soda and/or beverages and/or sandwiches and/or ice cream and/or
baked goods or for the preparation, dispensing or consumption of food or beverages in any manner whatsoever, 
 (vii) as offices for any
government or any department, commission, subdivision or agency thereof, 
 (viii) as offices for political or lobbying activities (i.e.,
persons or organizations principally engaged in efforts to influence legislation or governmental action), or 
 (ix) for any other use or
purpose that involves direct patronage of the general public. 

  
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 Section 28.02 Tenant hereby represents, covenants and agrees that Tenant’s
business is not photographic reproductions and/or documentary reproductions and/or offset printing. Notwithstanding anything contained in this Lease to the contrary, Tenant covenants and agrees that Tenant will not use the Premises or any part
thereof, or permit the Premises or any part thereof to be used, for the business of photographic reproductions and/or documentary reproductions and/or offset printing. Nothing contained in this Section 28.02 shall preclude Tenant from using any
part of the Premises for photographic reproductions and/or documentary reproductions and/or offset printing in connection with, either directly or indirectly, its own business and/or activities. 

Section 28.03 If, in connection with obtaining financing for the Building, a banking, insurance or other recognized institutional
lender shall request reasonable modifications in this Lease as a condition to such financing, Tenant will not unreasonably withhold, delay or defer its consent thereto, provided that such modifications do not increase the obligations of Tenant
hereunder or materially adversely affect the leasehold interest hereby created. 
 Section 28.04 If, at any time during the last
month of the term of this Lease, Tenant shall have removed all or substantially all of Tenant’s property from the Premises, Landlord may, and Tenant hereby irrevocably grants to Landlord a license to, immediately enter and alter, renovate and
redecorate the Premises, without limitation, diminution or abatement of rent, or incurring liability to Tenant for any compensation, and such acts shall have no effect upon this Lease. 

Section 28.05 Tenant shall not place a load upon any floor of the Premises exceeding the floor load per square foot which such
floor was designed to carry and such load shall be placed by Tenant, at Tenant’s expense, so as to properly distribute the weight. Business machines and mechanical equipment shall be placed and maintained by Tenant, at Tenant’s expense, in
settings sufficient in Landlord’s judgment to absorb and prevent vibration, noise and annoyance. If the Premises be or become infested with vermin as a result of the use or any misuse or neglect of the Premises by Tenant, its agents, employees,
visitors or licensees, Tenant shall at Tenant’s expense cause the same to be exterminated from time to time to the satisfaction of Landlord and shall employ such exterminators and such exterminating company or companies as shall be approved by
Landlord. 

  
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 Section 28.06 If Landlord shall consent to the omission or removal of any part of, or
the insertion of any door or other opening in, any wall separating the Premises from adjoining space leased to another tenant, then (i) Tenant shall be responsible for all risk of damage to, or loss or theft of, property arising as an incident
to such omission or removal or the use of such door or other opening, or because of the existence thereof, and shall indemnify and save Landlord harmless from and against any claim, demand or action for, or on account of, any such loss, theft or
damage, and (ii) in the event of the termination of this Lease or the lease of said other tenant, Landlord may enter the Premises and Landlord, at Tenant’s expense, may close up any door or other opening by erecting a wall to match the
wall separating the Premises from said adjoining space, and Tenant shall not be entitled to any diminution or abatement of rent or other compensation by reason thereof; provided, however, that nothing herein contained shall be deemed to vest Tenant
with any right or interest in, or with respect to, said adjoining space, or the use thereof, and Tenant hereby expressly waives any right to be made a party to, or to be served with process or other notice under or in connection with, any proceeding
or action which may hereafter be instituted by Landlord for the recovery of the possession of said adjoining space. 

Section 28.07 Without incurring any liability to Tenant, Landlord may permit access to the Premises and open the same, whether or
not Tenant shall be present, upon demand of any receiver, trustee, assignee for the benefit of creditors, sheriff, marshal, court officer or other person entitled to, or reasonably purporting to be entitled to, such access for the purpose of taking
possession of, or removing, Tenant’s property or for any other lawful purpose (but this provision and any action by Landlord hereunder shall not be deemed a recognition by Landlord that the person or official making such demand has any right or
interest in or to this Lease, or in or to the Premises), or upon demand of any representative of the fire, police, building, sanitation or other department of the city, state or federal governments. 

Section 28.08 Tenant shall not be entitled to exercise any right of termination, cancellation, or any other option granted to it
by this Lease at any time when Tenant is in default in the performance or observance of any of Tenant’s obligations hereunder. 

Section 28.09 Tenant shall not place or permit to be placed any vending machines in the Premises, except with the prior written
consent of Landlord in each instance, not to be unreasonably withheld or delayed. 

  
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 Section 28.10 Tenant shall not occupy any space in the Building (by assignment,
sublease or otherwise) other than the Premises hereby demised, except with the prior written consent of Landlord in each instance. 

Section 28.11 Tenant will not clean, nor require, permit, suffer or allow any window in the Premises to be cleaned, in violation
of Section 202 of the Labor Law or the rules of the Board of Standards and Appeals, or of any other board or body having or asserting jurisdiction. 

Section 28.12 Tenant represents that it has not dealt with any person or broker in connection with this Lease and agrees to
defend, indemnify and hold harmless Landlord, its agents and employees, from any loss, liability, costs, damages and expenses (including without limitation attorney’s fees and disbursements) suffered by Landlord through any breach of this
representation, or in connection with the claim of any other person or broker alleging to have dealt with Tenant with respect to this Lease. 

Section 28.13 The term “Landlord” as used in this Lease means only the owner, or the mortgagee in possession, for the
time being, of the Land and Building (or the owner of a lease of the Building or the Land and Building), so that in the event of any sale or sales of the Land and Building or of said lease, or in the event of a lease of the Building, or of the Land
and Building, the Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest,
or between the parties and the purchaser, at any such sale, or the said lessee of the Building, or of the Land and Building, that the purchaser or the lessee of the Building has assumed and agreed to carry out any and all covenants and obligations
of Landlord hereunder. No general or limited partner or shareholder of Landlord (including any assignee or successor of Landlord) or other holder of any equity interest in Landlord shall be personally liable for the performance of Landlord’s
obligations under this Lease. The liability of Landlord (including any assignee or successor of Landlord) for Landlord’s obligations under this Lease shall be limited to Landlord’s interest in the Land and Building and Tenant shall not
look to any of Landlord’s other assets in seeking either to enforce Landlord’s obligations under this Lease or to satisfy a judgment for Landlord’s failure 

  
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to perform such obligations. Landlord reserves the right, at any time, to convert the Building and or Land to condominium ownership, and upon such conversion, (i) this Lease shall be subject
and subordinate to the applicable condominium documents and (ii) the owner of the unit or units of which the Premises forms a part shall be deemed to be the Landlord hereunder. 

Section 28.14 The submission by Landlord of the Lease in draft form shall be deemed submitted solely for Tenant’s
consideration and not for acceptance and execution. Such submission shall have no binding force or effect and shall confer no rights nor impose any obligations, including brokerage obligations, on either party unless and until both Landlord and
Tenant shall have executed the Lease and duplicate originals thereof shall have been delivered to the respective parties. 

Section 28.15 Landlord shall have the one-time option during the Lease term to relocate Tenant to comparable space (in terms of
rentable square footage and location within the Building) in the Building (herein called the “Substitute Premises”) designated by Landlord, on not less than ninety (90) days’ prior written notice. Landlord’s notice shall be
accompanied by a plan of the Substitute Premises, and such notice or the Plan shall set forth the rentable square foot area of the Substitute Premises. Tenant shall occupy the Substitute Premises promptly (and, in any event, not later than fifteen
(15) days) after Landlord has, at its sole cost, substantially completed the work to render the Substitute Premises to a condition substantially similar to the Premises immediately prior to Tenant’s relocation. Tenant shall pay the same
Fixed Rent with respect to the Substitute Premises as was payable with respect to the Premises on a per-rentable square foot basis in the event that the rentable square footage of the Substitute Premises differs from the Premises. In any such event,
the Lease (i) shall no longer apply to the Premises, except with respect to obligations which accrued on or prior to such substitution date; and (ii) shall apply to the Substitute Premises as if the Substitute Premises had been demised
under the Lease. Landlord Shall reimburse Tenant for all reasonable and necessary expenses incurred by Tenant in relocating to the Substitute Premises. Landlord shall have no liability to Tenant in the event of such substitution except as otherwise
expressly set forth in this Lease. 
 Section 28.16 Tenant covenants to pay any occupancy or rent tax now in effect or hereafter
enacted if the same applies to Tenant’s leasing of the Premises. Alternatively, Tenant shall pay to Landlord upon demand as additional rent any occupancy tax 

  
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or rent tax now in effect or hereafter enacted, if payable by Landlord in the first instance or hereafter required to be paid by Landlord. 

Section 28.17 Tenant hereby represents and warrants to Landlord that it is duly formed and in good standing, and has full
corporate or partnership power and authority, as the case may be, to enter into this Lease and has taken all corporate or partnership action, as the case may be, necessary to carry out the transaction contemplated herein, so that when executed, this
Lease constitutes a valid and binding obligation enforceable in accordance with its terms. Tenant shall provide Landlord with corporate resolutions or other proof in a form acceptable to Landlord, authorizing the execution of the Lease at the time
of such execution. Tenant hereby represents to Landlord that it is not entitled, directly or indirectly, to diplomatic or sovereign immunity. 

Section 28.18 Tenant acknowledges that is has no rights to any development rights, “air rights” or comparable rights
appurtenant to the Land and/or Building, and consents, without further consideration, to any utilization of such rights by Landlord and agrees to promptly execute and deliver any instruments which may be requested by Landlord, including instruments
merging zoning lots, evidencing such acknowledgment and consent, provided same does not prevent occupancy of the Premises by Tenant in the manner provided herein. The provisions of this Section 28.18 shall be deemed to be and shall be construed
as an express waiver by Tenant of any interest Tenant may have as a “party in interest” (as such quoted term is defined in Section 12-10 Zoning Lot of the Zoning Resolution of the City of New York) in the Land and/or Building. 

Section 28.19 Tenant hereby represents and warrants to Landlord that: 

(a) it is not acting, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the
United State Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule, or regulation that is enforced or
administered by the Office of Foreign Assets Control; 
 (b) it is not engaged in this transaction, directly or indirectly on behalf of, or
instigating or facilitating this transaction, directly or indirectly on behalf of, any such person, group, entity, or nation; and 

  
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 (c) neither Tenant nor any person, group, entity or nation who owns any direct or indirect
beneficial interest in Tenant or any of them is in violation of any anti-money laundering or anti-terrorism statue, including, without limitation, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001, U.S. Public Law 107-56 (commonly known as the USA PATRIOT Act) and the related regulations issued thereunder, including, without limitation, temporary regulations, all as amended from time to time. 

Tenant hereby agrees to defend, indemnify, and hold harmless Landlord and its respective partners, lenders, shareholders, directors, officers,
agents and employees from and against any and all claims, damages, losses, liabilities and expenses (including attorney’s fees and costs) arising from or related to any breach of the foregoing representations. 

ARTICLE 29 

Layout and Finish 

Section 29.01 Tenant shall, at Tenant’s sole expense, and as part of Tenant’s Changes, perform all the work
(Tenant’s Work) in the Premises necessary for Tenant’s occupancy thereof, including, but not limited to all work as may be necessary to comply with all applicable laws (including without limitation, the Americans with Disabilities Act) or
regulations and otherwise, subject to the provisions of this Lease. 
 ARTICLE 30 

Insurance 

Section 30.01 Tenant covenants, at its expense, to provide prior to entry upon the Premises and to keep in force and effect during
the term of this Lease or Tenant’s occupancy of the Premises (whichever is longer): (1) commercial general liability insurance with respect to the Premises and its Appurtenances on an occurrence basis against claims for bodily injury and
property damage with minimum limits of liability in amount of Five Million and 00/100 Dollars ($5,000,000.00) combined single limit for bodily injury and property damage (including coverage for all operations of Tenant, products/completed
operations, independent contractors, broad form property damage, personal injury 

  
 65 

 
liability and contractual liability coverage); (2) if the nature of Tenant’s business is such as to place all or any of its employees under workers’ compensation or similar
statutes, workers’ compensation or similar insurance affording statutory coverage and containing statutory limits; and (3) all-risk property damage insurance (replacement cost coverage), including theft or attempted theft of, Tenant’s
Property, Tenant’s Changes and any Appurtenances within the Premises. Tenant agrees to deliver to Landlord, at least thirty (30) days prior to the time such insurance is first required to be carried by Tenant, and thereafter at least
thirty (30) days prior to the expiration of any such policy, either an original policy or a certificate of insurance procured by Tenant in compliance with its obligations hereunder, together with evidence of payment therefor. Workers’
compensation insurance provided for in this Section may be procured by Tenant’s contractors. Tenant will also furnish Landlord with evidence that Tenant’s contractors performing any Tenant’s Changes or other work in the Building are
covered by insurance in amounts and of the types which are appropriate, in Landlord’s judgment, to the size and scope of Tenant’s Changes. 

Section 30.02 All the aforesaid insurance shall be issued in the name of Tenant and name Landlord (and any designee(s) of
Landlord) as additional insureds, and shall be written by one (1} or more responsible insurance companies reasonably approved by Landlord and licensed to do business in New York State; all such insurance may be carried under a blanket policy
covering the Premises and any other of Tenant’s locations and shall contain endorsements that: (1) Such insurance may not be canceled or amended with respect to Landlord (or its designee(s)) except upon thirty (30) days’ written
notice by registered mail to Landlord (and such designee(s)) by the insurance company; (2) Tenant shall be solely responsible for payment of premiums and that Landlord (or its designee(s)) shall not be required to pay any premiums for such
insurance; and (3) Tenant’s insurance shall be primary with any coverage provided by Landlord as excess and non-contributory. The minimum limits of the commercial general liability policy of insurance shall in no way limit or diminish
Tenant’s liability under Section 5.01(k) hereof. 
 Section 30.03 The minimum limits of the commercial general
liability policy of insurance shall be subject to increase at any time, and from time to time, after the commencement of the fifth (5th) year of the term hereof if Landlord in the exercise of its reasonable judgment shall deem the same
necessary for adequate protection. Within thirty (30) days after demand therefor by Landlord, Tenant shall furnish 

  
 66 

 
Landlord with evidence that such demand has been complied with. In case Tenant disputes the reasonableness of Landlord’s demand, the parties agree to submit the question of the
reasonableness of such demand for decision to the Chairman of the Board of Directors of the Management Division of The Real Estate Board of New York, Inc., or to such impartial person or persons as he may designate whose determination shall be final
and conclusive upon the parties hereto. The right to dispute the reasonableness of any such demand by Landlord shall be deemed waived unless the same shall be asserted by Tenant by service of a notice in writing upon Landlord within ten
(10) days after the giving of Landlord’s demand therefor. 
 ARTICLE 31 

Security Deposit 

Section 31.01 Intentionally deleted. 

ARTICLE 32 

Quiet Enjoyment 

Section 32.01 Landlord covenants that if and so long as, Tenant keeps and performs each and every covenant, agreement, term,
provision and condition herein contained on the part and on behalf of Tenant to be kept and performed, Tenant shall quietly enjoy the Premises without hindrance or molestation by Landlord or by any other person lawfully claiming the same, subject to
the covenants, agreements, terms, provisions and conditions of this Lease and to the ground leases and/or underlying leases and/or mortgages to which this Lease is subject and subordinate, as hereinbefore set forth. 

  
 67 

 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Lease as of the day and year first above written.

  

					
		 	PARAMOUNT GROUP, INC., as Agent for
		 	PGREF I 1633 BROADWAY TOWER, L.P.
		 	(Landlord)
			
		 	By:	 	 /s/ David P. Spence

		 		 	David P. Spence
		 		 	Senior Vice President
		
		 	CNBB-RDF HOLDINGS, LP
		 	(Tenant)
			
		 	By:	 	CNBB-RDF HOLDINGS GP, LLC, a
		 		 	Delaware limited liability company,
		 		 	its general partner
			
		 	By:	 	 /s/ Jolanta K. Bott

		 		 	Jolanta K. Bott
		 		 	Senior Vice President

  
 68 

 RULES AND REGULATIONS 

1. The sidewalks, driveways, entrances, passages, courts, lobbies, esplanade areas, plazas, elevators, vestibules, stairways, corridors or
halls shall not be obstructed or encumbered by any tenant or used for any purpose other than ingress and egress to and from the Premises and Tenant shall not permit any of its employees, agents or invitees to congregate in or otherwise interfere
with the use and enjoyment of any of said areas. Fire exits and stairways are to be used for emergency purposes only. No doormat of any kind whatsoever shall be placed or left in any public hall or outside any entry door of the Premises. 

2. No awnings or other projections shall be attached to the outside walls of the Building. No curtains, blinds, shades or screens shall be
attached to or hung, in, or used in connection with any window or door of the Premises, without the prior written consent of Landlord. Such curtains, blinds, shades or screens must be of a quality, type, design and color, and attached in the manner,
approved by Landlord. 
 3. No sign, insignia, advertisement, lettering, notice or other object shall be exhibited, inscribed, painted or
affixed by any tenant on any part of the outside or inside of the Premises or the Building without the prior written consent of Landlord. In the event of the violation of the foregoing by any tenant, Landlord may remove the same without any
liability, and may charge the expense incurred in such removal to the tenant or tenants violating this rule. Interior signs, and lettering on doors, elevator cabs and any Building directory shall, if and when approved by Landlord, be inscribed,
painted or affixed for each tenant by Landlord at the expense of such tenant, and shall be of a size, color and style acceptable to Landlord. 

4. The sashes, sash doors, skylights, windows and doors that reflect or admit light and air into the halls, passageways or other public places
in the Building shall not be covered or obstructed by any tenant, nor shall any bottles, parcels, or other articles be placed on the window sills or on the peripheral air conditioning enclosures. 

5. No showcases or other articles shall be put in front of or affixed to any part of the exterior of the Building, nor placed in the halls,
corridors or vestibules. 

  
 RR-1 

 6. The water and wash closets and other plumbing fixtures and the HVAC vents or registers and
other HVAC fixtures shall not be used for any purposes other than those for which they were designed or constructed, and no sweepings, rubbish, rags, acids, vapors or other substances shall be thrown or deposited therein or upon any adjoining
buildings or land or the street. All damages resulting from any violation of the foregoing shall be borne by the tenant who, or whose servants, employees, agents, visitors or licensees shall have, caused the same. Any cuspidors or containers or
receptacles used as such in the Premises, or for garbage or similar refuse, shall be emptied, cared for and cleaned by and at the expense of Tenant. 

7. Except as set forth in Article 5, Tenant shall not mark, paint, drill into, or in any way deface, any part of the Premises or the Building.
No boring, cutting or stringing of wires shall be permitted, except with the prior written consent of Landlord, and as Landlord may direct. No telephone or other telecommunication wires or instruments shall be introduced into the Building by any
Tenant except as approved by Landlord. 
 8. No motorized vehicles, animals, fish or birds of any kind shall be brought into or kept in or
about the Premises. Tenant and only its employees may bring bicycles into the Building only if they comply with the New York City LL-52 Bicycle Access to Office Buildings Law and the Bicycle Access Rules and Regulations for the Building. 

9. No noise, including, but not limited to, music or the playing of musical instruments, recordings, radio or television which, in the sole
judgment of Landlord, might disturb other tenants of the Building, shall be made or permitted by any tenant. Nothing shall be done or permitted in the Premises by any tenant which would impair or interfere with the use or enjoyment by any other
tenant of any other space in the Building. 
 10. No tenant, nor any tenant’s servants, employees, agents, visitors or licensees, shall
at any time bring or keep upon the Premises any inflammable, combustible or explosive fluid, chemical or substance. Nothing shall be done in the Premises which shall in Landlord’s sole judgment interfere with or impair any of the
Building’s equipment or systems. 
 11. Any locks or bolts of any kind which shall not be operable by the Grand Master Key for the
Building shall not be placed upon any of the doors or windows by any tenant, nor shall 

  
 RR-2 

 
any changes be made in locks or the mechanism thereof which shall make such locks inoperable by said Grand Master Key. Each tenant shall, upon the termination of its tenancy, turn over to
Landlord all keys of stores, offices and toilet rooms, either furnished to, or otherwise procured by, such tenant, and in the event of the loss of any keys furnished by Landlord, such tenant shall pay to Landlord the cost thereof. Landlord shall be
afforded, upon its demand, prompt access to all machine, mechanical and/or utility rooms located within the Premises along with all keys for any locks for such rooms. 

12. All removals, or the carrying in, out of or within the Building of any safes, freight, furniture, packages, boxes, crates, papers, office
materials, carts or other devices used to distribute same or any other object or matter of any description must take place during such hours and in such elevators and through such Building entrances as Landlord or its agent may determine from time
to time which may involve overtime work for Landlord’s employees or agents for which Tenant shall reimburse Landlord. Landlord reserves the right to inspect all objects and matter to be brought into the Building and to exclude from the Building
all objects and matter which violate any of these Rules and Regulations or the Lease of which these Rules and Regulations are a part. No messengers or couriers shall be permitted in any portion of the Building except as designated by Landlord.
Landlord may require any person leaving the Building with any package or other object or matter to submit a pass, listing such package or object or matter, from the tenant from whose Premises the package or object or matter is being removed, but the
establishment and enforcement of such requirement shall not impose any responsibility on Landlord for the protection of any tenant against the removal of property from the Premises of such tenant. Landlord shall in no way be liable to any tenant for
damages or loss arising from the admission, exclusion or ejection of any person to or from the Premises or the Building under the provisions of this Rule 12 or of Rule 16 hereof. 

13. Tenant shall not occupy or permit any portion of the Premises to be occupied as an office for a public stenographer or public typist, or
for the possession, storage, manufacture, or sale of liquor, narcotics, dope, tobacco in any form, or as a barber, beauty or manicure shop, or as a school, or as a hiring or employment agency. Tenant shall not engage or pay any employee on the
Premises, except those actually working for tenant on the Premises nor advertise for laborers giving an address at the Premises. Tenant shall not use the Premises or any part thereof, or permit the Premises or any part thereof to be used for
manufacturing or for the sale at retail or auction of merchandise, goods or property of any kind. 

  
 RR-3 

 14. No tenant shall obtain, purchase or accept for use in the Premises ice, drinking water, food,
coffee cart, beverage, towel, barbering, bootblacking, cleaning, floor polishing or other similar services from any persons not authorized by Landlord in writing to furnish such services. Such services shall be furnished only at such hours, in such
places within the Premises, and under such regulations, as may be fixed by Landlord. It is expressly understood that Landlord assumes no responsibility for the acts, omissions, misconduct or other activities of the purveyors of such services unless
due to the sole negligence of Landlord or its agents, employees, officers or partners. 
 15. Landlord shall have the right to prohibit any
advertising or identifying sign by any tenant which, in Landlord’s sole judgment, tends to impair the reputation of the Building or its desirability as a building for offices, and upon written notice from Landlord, such tenant shall refrain
from and discontinue such advertising or identifying sign. 
 16. Landlord reserves the right to exclude from the Building during hours
other than Business Hours (as defined in the foregoing Lease) all persons connected with or calling upon tenant who do not present a pass to the Building signed by tenant. Landlord also reserves the right to exclude from the Building at any time any
person whose presence in the Building shall in Landlord’s sole judgment be a detriment to the safety, character, security, reputation or interest of the Building. Tenant shall furnish Landlord with a facsimile of such pass. All persons entering
and/or leaving the Building during hours other than Business Hours may be required to sign a register. Tenant shall be responsible for all persons to whom it issues any such pass and shall be liable to Landlord for all acts or omissions of such
persons. 
 17. Tenant, before closing and leaving the Premises at any time, shall see that all operable windows are closed and all lights
are turned out. All entrance doors in the Premises shall be left locked by tenant when the Premises are not in use. Entrance doors shall not be left open at any time. 

18. Tenant shall, at tenant’s expense, provide artificial light and electric energy for the employees of Landlord and/or Landlord’s
contractors while doing janitor service or other cleaning in the Premises and while making repairs or alterations in the Premises. 

  
 RR-4 

 19. The Premises shall not be used for lodging or sleeping or for any immoral or illegal purpose.

 20. The requirements of tenants will be attended to only upon application at the office of the Building. Employees of Landlord shall not
perform any work or do anything outside of their regular duties, unless under special instructions from Landlord. 
 21. Canvassing,
soliciting and peddling in the Building are prohibited and each tenant shall cooperate to prevent the same. 
 22. There shall not be used
in any space, or in the public halls of the Building, either by any tenant or by any others, in the moving or delivery or receipt of safes, freight, furniture, packages, boxes, crates, paper, office material, or any other matter or thing, any hand
trucks except those equipped with rubber tires, side guards and such other safeguards as Landlord shall require. No hand trucks shall be used in any passenger elevators. 

23. Tenant shall not cause or permit any odors of cooking or other processes or any unusual or objectionable odors to emanate from the
Premises which would annoy other tenants or create a public or private nuisance. No cooking (except small scale microwaving) shall be done in the Premises except as is expressly permitted in the foregoing Lease. 

24. All paneling, doors, trim or other wood products not considered furniture shall be of fire-retardant materials and certification of the
materials’ fire-retardant characteristics shall be submitted to and approved by Landlord, and such materials shall be installed in a manner approved by Landlord. 

25. All contractors rendering any service to Tenant shall be referred to Landlord for approval and supervision prior to performing such
services. This applies to all work performed in the Building of whatsoever nature. Tenant shall use only the freight or service elevator for all deliveries and only at hours prescribed by Landlord. Bulky materials (as reasonably determined by
Landlord) may not be delivered during Business Hours but only thereafter. Tenant’s contractors working in the Building must enter or exit only by way of the freight or service 

  
 RR-5 

 
elevator. Any work performed by Tenant’s contractors during non-business days or during the hours determined by the Building on business days will necessitate the use of the freight or
service elevator (with operator), a security guard and a stand-by engineer, the cost of which Tenant agrees to pay Landlord. 
 26. Tenant
shall not at any time directly or indirectly employ, permit the employment of, or contract for any service provider, contractor, mechanic or laborer in the Premises, whether in connection with any alteration or otherwise, if such employment or
contract will interfere or conflict with any other service provider, contractor, mechanic or laborer engaged in the construction, maintenance or operation of the Building, or any part thereof, by Landlord. Upon Landlord’s demand, Tenant shall
take all measures to cause all of its service providers, contractors, mechanics or laborers causing such interference or conflict to leave the Building promptly, or shall take whatever action requested by Landlord necessary to end such conflict.

 27. Landlord reserves the right to rescind, alter or waive any rule or regulation at any time prescribed for the Building when, in its
reasonable judgment, it deems it necessary or desirable for the reputation, safety, care or appearance of the Building, or the preservation of good order therein, or the operation or maintenance of the Building, or the equipment thereof, or the
comfort of tenants or others in the Building. No rescission, alteration or waiver of any rule or regulation in favor of one tenant shall operate as a rescission, alteration or waiver in favor of any other tenant. 

  
 RR-6 

 EXHIBIT A 

RENTAL PLAN 

  
 A-1 

 EXHIBIT A 
  

 

 EXHIBIT B 

OPERATING EXPENSES 
 (ALL
TERMS USED HEREIN THAT ARE DEFINED IN THE LEASE OF WHICH THIS EXHIBIT IS A PART, HEREIN CALLED THE “LEASE”, SHALL HAVE THE RESPECTIVE MEANINGS SPECIFIED IN THE LEASE UNLESS THE CONTEXT OTHERWISE REQUIRES.) 

1. Operating Expenses as used in Article 26 shall mean those expenses (and taxes, if any thereon) paid or incurred by or on behalf of Landlord
(whether directly or through independent contractors) in respect of the operation, maintenance and management of the Land and/or the Building and the sidewalks and areas adjacent thereto (herein called the “Operation of the Property”)
which, in accordance with the generally accepted accounting practice used by the Landlord (and which is in accordance with sound management principles for the operation of noninstitutional first class office buildings in New York City), are properly
chargeable to the Operation of the Property, together with and including, but not by way of limitation, the cost of electricity (including any taxes paid thereon) used in operating all Building equipment and servicing common areas of the Building,
which cost shall be determined (if such electricity is not separately metered) on the basis of an electrical survey of such equipment and common area facilities and the then prevailing rates, and financial expenses incurred in connection with the
Operation of the Property such as insurance premiums and legal, auditing, management and other professional fees and expenses, but specifically excluding (a) Real Estate Taxes, as defined in Section 26.01 (a), (b) franchise or income
taxes imposed on the Landlord, (c) mortgage interest, (d) leasing and mortgage brokerage commissions, (e) the cost of electrical energy furnished directly to tenants of the Building, (f) cost of tenant installations and
decorating incurred in connection with preparing space for a new tenant, and ground rent on any ground lease, (g) legal expenses incurred in connection with leasing space in the Building and enforcing obligations of tenants under leases which
are either not related to the operation, maintenance or management of the Land and/or Building or are not of general applicability to tenants in the Building, (h) depreciation or amortization of the Building or its equipment (except as
expressly provided for in this Lease); (i) expenses incurred by Landlord for the repair of insured damage to the Building (but 

  
 B-1 

 
the deductible amount shall be included in Operating Expenses); (j) interest, principal, points and fees, amortization or other costs with respect to any mortgage, loan or refinancing of the
Building or Land; (k) the cost of installing, operating and maintaining any specialty service such as an observatory, broadcasting facilities, luncheon club, athletic or recreational club; (1) costs incurred in performing work or
furnishing services for any tenant to the extent that Tenant would have to pay a separate charge therefor if Landlord were providing the service to Tenant (e.g., overtime air conditioning); and (m) capital improvements, except however
that if any capital improvement results in reducing any Operating Expenses (as, for example, a labor-saving improvement), then with respect to the calendar year in which the improvement is made and each subsequent calendar year during the term of
the Lease, Landlord may include in Operating Expenses the cost of such capital improvement (plus interest at an annual rate equal to Landlord’s then cost of funds) but not in excess, in any Operating Year, of the amount by which the Operating
Expenses have been reduced for such Operating Year until the cost thereof (plus interest) has been fully recouped by Landlord. The preceding list is for definitional purposes only and shall not impose any obligation upon Landlord to incur such
expense or provide such service. If Landlord is not furnishing any particular work or service (the cost of which if performed by Landlord would constitute an Operating Expense) to a tenant who has undertaken to perform such work or service in lieu
of the performance thereof by Landlord, Operating Expenses shall be deemed increased by an amount equal to the additional Operating Expenses which would reasonably have been incurred during such period by Landlord if it had at its own expense
furnished such work or service to such tenant. Operating Expenses shall include expenses paid or incurred on account of work, labor, services or materials or other property furnished for the purposes mentioned herein by any contractor or other party
that shall be directly or indirectly affiliated with or otherwise related to Landlord (whether by stock ownership, common officers or directors or otherwise), provided, however, that such sums do not exceed the sums charged by independent
contractors for furnishing like labor, services, materials or other property to first class office buildings in the midtown Manhattan area. 

2. In determining the Base Year Operating Expenses and the amount of Operating Expenses for each subsequent Operating Year, if less than 100%
of the rentable square-foot area of the office portion of the Building shall have been occupied by tenants at any time during the Operating Year, Operating Expenses shall be deemed for such Operating Year to be an amount equal to the like expenses
which would normally be expected to be incurred had such occupancy been 100% throughout such Operating Year. 

  
 B-2 

 EXHIBIT C 

HEATING, VENTILATING AND AIR-CONDITIONING SPECIFICATIONS 

(a) The air conditioning system shall be capable of providing inside conditions of not more than 78° degrees Fahrenheit dry bulb with
outside conditions of not more than 95 degrees Fahrenheit dry bulb and 75 degrees Fahrenheit wet bulb. 
 (b) The system shall be capable of
delivering not less than 0.2 C.F.M. of outside air per usable square foot (which provides a minimum of 20 C.F.M. of outside air per person) and of maintaining a minimum temperature throughout the Premises of 70 degrees Fahrenheit dry bulb when the
outside temperature is 0 degrees Fahrenheit dry bulb. 
 (c) All of the foregoing performance criteria are based upon an occupancy of not
more than one person per 100 square feet of usable floor area in the Premises and upon a combined lighting and standard electrical load not to exceed 5 watts per square foot of usable floor area in the Premises. 

(d) Compliance with the foregoing criteria shall also be subject to applicable laws and applicable rules and regulations of governmental and
quasi-governmental bodies having jurisdiction that may now or hereafter be in effect, or to compliance with requests of governmental or quasi-governmental officials or bodies of voluntary compliance with suggested standards for the conservation of
energy in office buildings in New York City. 

  
 C-1 

 EXHIBIT D 

CLEANING AND JANITORIAL SERVICES 

GENERAL: 
 All stone, ceramic, tile, marble, terrazzo and
other unwaxed or untreated flooring to be swept nightly using approved dust-down preparation; wash such flooring once a month. 
 All linoleum, rubber,
asphalt, tile, and other similar types of flooring (that may be waxed or treated) to be swept nightly using appropriate dust-down preparation. Waxing and interim buffing shall be done at Tenant’s expense. 

All carpeting and rugs to be carpet-swept nightly and vacuum-cleaned at least once a week. 

Hand dust and wipe clean all furniture, fixtures, window sills and convector closure tops nightly; wash sills and tops when necessary. 

Empty, clean and damp dust, as necessary, all waste receptacles nightly and remove from the Premises waste paper and waste materials. Contractor shall
furnish, at its sole cost and expense, all plastic trash can liners and all plastic bags required for removal of all rubbish from the Building. 
 Empty and
clean all ash trays and screen all sand urns nightly. 
 Dust all door and other ventilating louvers within reach, as necessary. 

Dust all telephones, as necessary. 
 Remove finger marks and
scuff marks from partition walls and door surfaces. 
 Sweep all private stairway structures nightly. 

Wipe clean all metal hardware and metal fixtures and other bright wood nightly. 

Wipe clean all metal elevator shaftway doors and frames. 

  
 D-1 

 Wipe all interior metal window frames, mullions, terrace doors and other unpainted interior metal surfaces of the
perimeter walls of the Building each time the interior of the windows are washed. Such surfaces to be cleaned once each year with appropriate cleaner. 

Vacuum clean peripheral induction air conditioning units semi-annually. 

Normal floor cleaning only shall be performed in Tenant’s computer equipment areas, food preparation and dining areas. 

LAVATORIES: 
 Sweep and wash all lavatory floors nightly
using disinfectants; wipe and polish all mirrors, powder shelves, bright work, and enameled surfaces in all lavatories nightly. 
 Scour, wash, and
disinfect all basins, bowls, and urinals nightly. 
 Wash both sides of all toilet seats nightly. 

Hand dust and clean, washing where necessary, all partitions, tile dispensers, and receptacles in all lavatories and restrooms nightly. 

Fill toilet tissue holders nightly (tissue to be furnished by Landlord). 

Empty sanitary disposal receptacles nightly. 
 Wash interior of
wastecans and receptacles at least once a week. 
 Wash and polish wall tile and wall surfaces as often as necessary; in no event less than once every two
weeks. 
 If directed by Tenant, fill soap dispensers and paper towel dispensers (soap and paper towels to be furnished by Tenant). 

Empty paper towel receptacles and transport wastepaper from the Premises nightly. 

  
 D-2 

 HIGH DUSTING: 

Do high dusting quarterly, which includes the following: 
  

	X	Dust all pictures, frames, charts, graphs, and similar wall hangings reached in nightly cleaning. 

  

	X	Dust clean all vertical surfaces such as walls, partitions, doors, books, and other surfaces not reached in nightly cleaning. 

  

	X	Dust all lighting fixtures annually, including plastic and glass enclosures. 

  

	X	Dust all venetian blinds or wash, as required. 

  
 D-3

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