Document:

Exhibit
10.3

THIRD
AMENDMENT TO

OPERATING AGREEMENT OF

THE NEW YORK TIMES BUILDING LLC

(a New York limited liability company)

THIRD AMENDMENT TO OPERATING AGREEMENT OF THE NEW YORK
TIMES BUILDING LLC (this “Amendment”) dated this  29th day of January, 2007 by and between FC EIGHTH
AVE., LLC, a Delaware limited liability company, having an office at One
MetroTech Center North, Brooklyn, New York 11201 (“FC Member”), and NYT
REAL ESTATE COMPANY LLC, a New York limited liability company, having an office
at 229 West 43rd Street, New York, New York 10036 (“NYTC
Member”).

WHEREAS:

A.            FC
Member and NYTC Member are members (the “Members”) in The New York Times
Building LLC (the “Company”) and in connection therewith are parties to
the Operating Agreement of the Company dated December 12, 2001, as amended by
the First Amendment to the Operating Agreement of the Company dated as of June
25, 2004 and the Second Amendment to the Operating Agreement of the Company
dated as of August 15, 2006 (the “Operating Agreement”);

B.            The
Company is developing a certain building and improvements on the land known as
and having a street address of 620 Eighth Avenue, New York, New York;

C.            On
August 15, 2006, the Company subjected its interest in said land and
improvements to the provisions of Article 9-B of the Real Property Law of the
State of New York pursuant to that certain Declaration of Leasehold Condominium
Establishing Plan of Leasehold Condominium Ownership of Premises Known as and
Having a Street Address of 620 Eighth Avenue, New York, New York;

D.            FC
Member, NYTC Member and the Company are indebted to Lender (as defined in the
Loan Agreements) in a principal amount of up to $320,000,000.00 (the “Loan”)
pursuant to the terms of a Building Loan Agreement and a Poject Loan Agreement
each dated as of June 25, 2004, as each have been amended from time to time
(collectively, the “Loan Agreements”);

E.             Concurrently
with the execution of this Amendment, Lender is (i) together with FC Member,
making certain modifications to the Loan, including but not limited to,
increasing the loan amount by $60,000,000.00 (“New Loan”); (ii)
releasing NYTC Member as a co-borrower on the Loan and releasing the lien of
the Loan from the NYTC Units and (iii) waiving NYTC Member’s requirement to
fund the NYTC Extension Loan.

As a result of all of the foregoing and certain other
matters as hereinafter set forth, the Members desire to modify the Operating
Agreement.

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by both Members,
the Members agree to modify the Operating Agreement as follows:

1.             Defined Terms.   All
capitalized terms used herein shall have the same meaning ascribed to them in
the Operating Agreement unless otherwise defined herein.

2.             NYTC Extension Loan.  The definition of NYTC Extension Loan is
hereby deleted and all references to the NYTC Extension Loan in the Operating
Agreement are hereby deleted in their entirety and the Members acknowledge that
NYTC Member shall no longer have an obligation to make the NYTC Extension Loan
as described in Section 6.03 of the Operating Agreement.

3.             True-Up Payment.  The Members acknowledge and agree
that, simultaneously with the execution of this Amendment, FC Member has paid
the True-Up Payment in full.

4.             Consent.  Attached hereto as Exhibit A is the
Members’ Consent to the New Loan, the release of NYTC Member as a co-borrower
under the loan, and the waiver of NYTC Member’s requirement to fund the NYTC
Extension Loan.  The Members acknowledge
and agree that, NYTC Member is not a co-borrower under the New Loan and shall
have no liability to the Company or to FC Member for repayment of the New Loan.

5.             Operating Agreement
Ratified.   In all other respects,
except as modified hereby, the Operating Agreement remains unmodified and in
full force and effect.

[the remainder of this page is intentionally blank]

 2

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the day and date first above written.

	
  

  	
  FC EIGHTH AVE., LLC, a Delaware limited 

  liability company

  
	
   

  	
   

  
	
   

  	
  By:

  	
  FC 42 Hotel LLC, a Delaware limited

  liability company, its managing member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FCDT Corp., a New York

  corporation, its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David L. Berliner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: David L. Berliner

  
	
   

  	
   

  	
   

  	
   

  	
  Title: Sr. Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NYT REAL ESTATE COMPANY LLC, a New
  

  York limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth Richieri

  	
   

  
	
   

  	
   

  	
  Name: Kenneth Richieri

  	
   

  
	
   

  	
   

  	
  Title: Manager

  	
   

  
								

 

Exhibit A

Members’ Consent

MEMBERS’
CONSENT

FC EIGHTH AVE.,
LLC, a Delaware limited liability company (“FC Member”) and NYT REAL
ESTATE COMPANY LLC, a New York limited liability company (“NYTC Member”),
being all of the members (the “Members”) of THE NEW YORK TIMES BUILDING
LLC, a New York limited liability company (the “Company”), do hereby
certify to CAPMARK FINANCE INC. (formerly known as GMAC Commercial Mortgage
Corporation), as agent (“Lender”) that the following actions are
consented to and approved and that said consent and approval is in full force
and effect on the date hereof:

The Company and
the Members are indebted to Lender in a principal amount of up to
$320,000,000.00 (the “Loan”) pursuant to the terms of a Building Loan
Agreement and a Project Loan Agreement each dated as of June 25, 2004, as each
have been amended from time to time (collectively, the “Loan Agreements”).

The Company and
the Members intend to enter into certain amendments to the terms of the Loan
Agreements and execute other ancillary documents related to the Loan in order
to, among other things, (i) release NYTC Member from the Loan as a co-borrower
(the “NYTC Release Documents”), and (ii) increase the amount of the Loan
by $60,000,000.00 (the “Loan Amendment Documents”, which Loan Amendment
Documents are identified in Exhibit A attached hereto and, together with
the NYTC Release Documents, are hereinafter referred to as the “Revised
Documents”).

The Company is
hereby authorized to enter into, execute and deliver the Revised Documents.

In furtherance of
the foregoing, FC Member is hereby authorized, acting singly as the authorized
agent of the Company, to enter into, execute and deliver the Revised Documents.

The Company is
hereby authorized to enter into, execute and deliver all future amendments,
renewals, increases and other changes that FC Member shall deem necessary or
advisable in connection with or relating to the Loan, to the extent such future
amendments, renewals, increases and other changes do not have any adverse
financial effect or any other material adverse effect on NYTC Member (the “Future
Amendments”).  Notwithstanding
anything to the contrary contained herein, FC Member shall deliver to NYTC
Member copies of all proposed Future Amendments at least five (5) Business Days
prior to the execution thereof by FC Member pursuant to this consent.

In furtherance of
the foregoing, FC Member is hereby authorized, acting singly as the authorized
agent of the Company, to enter into, execute and deliver the Future Amendments
and all other documents or instruments that FC Member shall deem necessary or
advisable in connection with or relating to the Future Amendments.

The Members hereby
ratify all past actions, if any, taken by the Company or FC Member in
connection with the transactions described herein.

1.             The Articles of Organization of the
Company filed on November 28, 2001 and Certificate of Amendment to such
Articles of Organization which was filed with the Office of the Secretary of
State of the State of New York on or about June 25, 2004, copies of which were
delivered to Lender as of June 25, 2004, are in full force and effect and have
not been further amended, modified or repealed as of the date hereof; and

2.             The (a) Operating Agreement of the
Company dated as of December 12, 2001, (b) letter agreement dated as of April
8, 2004, (c) First Amendment to Operating Agreement dated as of June 25, 2004,
copies of which were delivered to Lender as of June 25, 2004 and (d) the Second
Amendment to Operating Agreement dated as of August 15, 2006 are in full force
and effect and have not been further amended, modified or repealed as of the
date hereof except by that certain Third Amendment to Operating Agreement dated
on or about the date hereof.

[the remainder of
the page is intentionally blank]

IN WITNESS
WHEREOF, the undersigned have executed this Members’ Consent as of the 29th day
of January, 2007.

	
  FC EIGHTH AVE., LLC, a Delaware limited liability
  company

  
	
  By:

  	
  FC 42
  Hotel LLC, a Delaware limited liability company,

  
	
   

  	
  its managing member

  	
   

  	
   

  
	
   

  	
  By:

  	
  FCDT
  Corp., a New York corporation,

  	
   

  	
   

  
	
   

  	
   

  	
  its managing member

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  David L. Berliner

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David L. Berliner

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Sr. Vice President

  	
   

  	
   

  
	
  NYT
  REAL ESTATE COMPANY LLC,

  	
   

  	
   

  
	
  a New York limited liability
  company

  	
   

  	
   

  
	
  By:

  	
  /s/ Kenneth Richieri

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Kenneth Richieri

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Manager

  	
   

  	
   

  
								

 

Exhibit A to the
Members’ Consent

Loan Amendment
Documents

1.             Amendment
No. 4 to Building Loan Agreement by and among the Company, FC Member (the
Company and FC Member are hereinafter collectively referred to as “Borrowers”),
NYTC Member and Lender.

2.             Section
22 Affidavit.

3.             Amendment
No. 3 to Project Loan Agreement by and among Borrowers, NYT Member and Lender.

4.             Ground
Subleasehold Project Loan Mortgage, Assignment of Leases, Security Agreement
and Subordination Agreement by Borrowers in favor of Lender.

5.             Project
Loan Assignment of Leases and Rents by Borrowers to Lender.

6.             Project
Loan Notes by Borrowers in favor of the following parties in the aggregate
principal amount of $60,000,000:

(a)           Capmark Finance Inc. ($24,473,684.20)

(b)           Capmark Bank ($15,789,473.69)

(c)           Sumitomo Mitsui Banking Corporation
(“SMBC”) ($19,736,842.11)

7.             Replacement
Building Loan Notes by Borrowers in favor of the following parties in the
aggregate principal amount of $170,529,479:

(a)           Capmark Finance Inc. ($69,558,076.97)

(b)           Capmark Bank ($44,876,178.68)

(c)           SMBC ($56,096,223.35)

8.             Replacement
Project Loan Notes by Borrowers in favor of the following parties in the
aggregate principal amount of $149,470,521:

(a)           Capmark Finance Inc. ($60,968,238.83)

(b)           Capmark Bank ($39,334,347.63)

(c)           SMBC ($49,167,934.54)

9.             Amendment
to Side Letter re: Fees by and among Borrowers and Lender.

10.           Consent
to Collateral Assignment and Subordination of Management Agreement (FC Office)
by First New York Partners Management, LLC (“First New York”) and FC Member.

11.           Subordination
of Management Agreement (Common Elements) by First New York.

12.           Side
Letter re:  Change to Collection Accounts
Agreement by and among Lender, Borrowers and JPMorgan Chase Bank, N.A. and
related notices to tenants.

13.           First
Amendment to Mortgage Spreader and Release Agreement (Building Loan Mortgage)
between Borrowers and Lender, with Section 255 Affidavit.

14.           First
Amendment to Mortgage Spreader and Release Agreement (Project Loan Mortgage)
between Borrowers and Lender, with Section 255 Affidavit.

15.           First
Amendment to Joinder Agreement by FC Member in favor of Lender.

16.           First
Amendment to Conditional Collateral Assignment of Declarant’s Rights by FC
Member in favor of Lender.

17.           The
Reaffirmation of Guaranty and Consent to Restructuring (FC Guarantor) by Forest
City Enterprises, Inc. in favor of Lender.

18.           Certification
regarding Loan being In-Balance by the Company and FC Member.

19.           Assignment
of Rents and Proceeds by The Board of Managers of The New York Times Building
Condominium (the “Condo Board”) in favor of Lender.

20.           Various
UCC-1 or UCC-3 Financing Statements reflecting the Company, FC Member, the
Condo Board, as applicable, as debtor, and Lender, as secured party.Exhibit
10.4

SECOND AMENDMENT
TO AGREEMENT OF SUBLEASE (NYT)

 

By and Between

 

42ND ST. DEVELOPMENT PROJECT, INC.,

as Landlord

 

and

 

NYT REAL ESTATE
COMPANY LLC,

as Tenant

 

Premises:

 

Block:  1012

Lots:  1001,1003, 1007, 1009, 1010-1035
(formerly part of Lot 1)

Address

620-628 8th Avenue

263-267 and 241-261 West 40th Street

242-244 West 41st Street

231-235 West 40th Street

248-256, 260-262
and 268 West 41st Street

634 and 630-632 8th Avenue

Borough of
Manhattan

County, City and State of New York

 

RECORD AND RETURN
TO:

DLA Piper Rudnick
Gray Cary US LLP

1251 Avenue of the
Americas

New York, New York 10020

Attention:  Marc Hurel, Esq.

SECOND
AMENDMENT TO AGREEMENT OF SUBLEASE (NYT)

THIS SECOND
AMENDMENT TO AGREEMENT OF SUBLEASE (NYT) (this “Amendment”)
is made as of the  29th day of January, 2007, by and between 42ND ST. DEVELOPMENT
PROJECT, INC. (“42DP”), a subsidiary of New York State Urban Development
Corporation (“UDC”) d/b/a Empire State Development Corporation (“ESDC”),
a corporate governmental agency of the State of New York constituting a
political subdivision and public benefit corporation, having an office at 633
Third Avenue, 33rd floor,
New York, New York 10017, as landlord (in such capacity, “Landlord”),
and NYT REAL ESTATE COMPANY LLC, a New York limited liability company, having
an office c/o The New York Times Company, 229 West 43rd Street, New York, New York 10036, as tenant
(in such capacity, “Tenant”).

W  I 
T  N  E 
S  S  E 
T  H  :

WHEREAS,
Landlord and The New York Times Building LLC (“NYTB”) entered into that
certain Agreement of Lease dated as of December 12, 2001, as amended by letter
dated April 8, 2004 (the “Initial Ground Lease”), with respect to
certain land and improvements more particularly described in the Initial Ground
Lease, a memorandum of which was recorded October 24, 2003 in the Office of the
City Register of the City of New York (the “Office of the City Register”)
as CRFN 2003000433122;

WHEREAS,
NYTB, as landlord, entered into (a) that certain Agreement of Sublease dated as
of December 12, 2001 with NYT Real Estate Company LLC, as tenant, a memorandum
of which was recorded October 24, 2003 as CRFN 2003000433125 in the Office of
the City Register (the “NYTC Sublease”), (b) that certain Agreement of
Sublease (Office) dated as of December 12, 2001 with FC Lion LLC (“FC Lion”),
as tenant, a memorandum of which was recorded October 24, 2003 as CRFN
2003000433123 in the Office of the City Register, which Agreement of Sublease
(Office) was amended by that certain First Amendment to Agreement of Sublease
(Office) dated as of August 15, 2006, and recorded November 20, 2006 as CRFN
2006000644733 in the Office of the City Register (as amended, the “FC Office
Sublease”), and (c) that certain Agreement of Sublease (Retail) dated as of
December 12, 2001 with FC Lion, as tenant, a memorandum of which was
recorded October 24, 2003 as CRFN 2003000433124 in the Office of the City
Register, which Agreement of Sublease (Retail) was amended by that certain
First Amendment to Agreement of Sublease (Retail) dated as of August 15, 2006,
and recorded November 20, 2006 as CRFN 2006000644734 in the Office of the City
Register (as amended, the “FC Retail Sublease”);

WHEREAS, the
NYTC Sublease, the FC Office Sublease, the FC Retail Sublease, any New Office Subleases
(as defined in the NYTC Sublease) and any new leases entered into pursuant to
Section 31.6 of any of the foregoing are referred to herein, collectively, as
the “Severance Subleases”;

WHEREAS, NYTB
submitted the Initial Ground Lease to a leasehold condominium structure
pursuant to that certain Declaration of Leasehold Condominium dated as of
August 4, 2006 (the “Condominium Declaration”), which Condominium
Declaration was recorded on August 15, 2006 as CRFN 2006000460293 in the Office
of the City Register and amended by that certain First Amendment to Declaration
of Leasehold Condominium dated as of the date hereof and to be recorded
immediately prior hereto;

WHEREAS,
pursuant to that certain Assignment and Assumption Agreement dated as of August
15, 2006 between NYTB and Landlord (the “Lease Assignment”), which Lease
Assignment was recorded November 20, 2006 as CRFN 2006000644732 in the Office
of the City Register, NYTB assigned to Landlord all of NYTB’s right, title and
interest in and to the Initial Ground Lease and the Severance Subleases;

WHEREAS,
pursuant to the provisions of the Initial Ground Lease and the Lease Assignment,
the Lease Assignment did not cause a merger of the interests of landlord and
tenant under the Initial Ground Lease, which interests are and shall remain
separate and distinct;

WHEREAS,
Landlord and Tenant entered into an amendment to the NYTC Sublease pursuant to
that certain First Amendment to Agreement of Sublease (NYT) dated as of August
15, 2006, and recorded November 20, 2006 as CRFN 2006000644735 in the Office of
the City Register (the “First Amendment”), which First Amendment was
entered into in order to reflect certain changes to the premises demised under
the Severance Subleases and to certify as to certain other matters, including,
without limitation, the legal description of the Demised Premises, which legal
description was attached to the First Amendment as “Exhibit A” (the “Original
Legal Description”); and

WHEREAS, the
Original Legal Description did not accurately reflect the legal description of
the Demised Premises and Landlord and Tenant wish to replace “Exhibit A” as
attached to the First Amendment as hereinafter provided.

NOW, THEREFORE,
in consideration of the foregoing and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

1.     Definitions.  All capitalized terms used herein without
definition shall have the meanings ascribed to them in the NYTC Sublease.

2.     Legal Description.  “Exhibit A” to the First Amendment is hereby
deleted and replaced in its entirety by the document attached hereto as Exhibit
A.  All references to “Exhibit A” in
the First Amendment shall be deemed to refer to the document attached hereto as
Exhibit A.

3.     Estoppel.  To Landlord’s knowledge, (a) Tenant has
fulfilled all of its obligations under the NYTC Sublease to date, (b) no Default or Event of Default (as each is defined in
the NYTC Sublease) by Tenant exists
under the NYTC Sublease and (c) Landlord
has no claims (including claims of off-set, defense or counterclaims) against
Tenant alleging Tenant’s default under the NYTC Sublease.

4.     Recording.  Landlord and Tenant agree that Tenant shall
cause this Amendment to be recorded and that Tenant shall pay any transfer or
similar taxes that may be payable as a result of this Amendment.

5.     No Other
Amendments.  As modified
by this Amendment, the NYTC Sublease remains in full force and effect.

[the remainder of this page is intentionally blank]

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

	
  

  	
  LANDLORD:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  42ND ST. DEVELOPMENT PROJECT, INC., as

  Landlord

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Naresh Kapadia

  	
   

  
	
   

  	
   

  	
  Name: Naresh
  Kapadia

  
	
   

  	
   

  	
  Title: Assistant
  Vice President Planning & Design

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  NYT REAL ESTATE COMPANY LLC, a New 

  York limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth Richieri

  	
   

  
	
   

  	
   

  	
  Name: Kenneth
  Richieri

  
	
   

  	
   

  	
  Title: Manager

  
					

 

ACKNOWLEDGMENTS

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )          ss.:

  
	
  COUNTY OF NEW
  YORK

  	
  )

  

 

On the 22nd day of January in the year 2007, before me, the
undersigned, a Notary Public in and for said State, personally appeared Naresh
Kapadia, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument
and acknowledged to me that he executed the same in his capacity, and that
by his signature on the instrument, the individual, or the person upon behalf
of which the individual acted, executed the instrument.

 

	
  

  	
  /s/ Suzanna
  Blaskovic

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
  Commission
  Expires

  
	
   

  	
   

  
	
   

  	
  Suzanna Blaskovic

  Notary Public, State of New York

  No. 01BL5079348

  Qualified in Queens County

  Commission Expires June 2, 2007

  
	
   

  	
   

  
	
   

  	
   

  
	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )          ss.:

  
	
  COUNTY OF NEW
  YORK

  	
  )

  
				

 

On the 26th day of January in the year 2007, before me,
the undersigned, a Notary Public in and for said State, personally appeared Kenneth
Richieri, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument
and acknowledged to me that  he executed the same in h  capacity, and
that by h   signature on the instrument, the individual, or the
person upon behalf of which the individual acted, executed the instrument.

 

	
  

  	
  /s/ Deborah
  Beshaw

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
  Commission
  Expires

  
	
   

  	
   

  
	
   

  	
  Deborah Beshaw

  Notary Public, State of New York

  No. 01BE5076617

  Qualified in Kings County

  Certificate on file in New York County

  Commission Expires April 21, 2007

  

 

EXHIBIT A

Legal Description

The Condominium Units
(hereinafter called the “Units”) in the building (hereinafter called the “Building”)
known as The New York Times Building Condominium and by the street address 620
Eighth Avenue, Borough of Manhattan, City, County and State of New York, said
Units being designated and described as set forth on Schedule 1 herein and in
that certain declaration, dated as of August 4, 2006 made by The New York Times
Building LLC pursuant to Article 9-B of the Real Property Law of the State of
New York (hereinafter called the “Condominium Act”) establishing condominium
ownership of the Building and the land (hereinafter called the “Land”) upon
which the Building is situate (which Land is more particularly described below
and by this reference made a part hereof), which declaration was recorded in
the New York County Office of the Register of The City of New York (the “City
Register’s Office”) on August 15, 2006, as CRFN 2006000460293, (which
declaration, and any amendments thereto, are hereinafter collectively called
the “Declaration”).  The Units are also
designated as Tax Lot Nos. as set forth on Schedule 1 herein, in Block 1012 of
Section 4 of the Borough of Manhattan on the Tax Map of the Real Property
Assessment Bureau of The City of New York and on the Floor Plans of the
Building filed with the Real Property Assessment Bureau of The City of New York
on August 14, 2006 as Condominium Plan No. 1595 and also filed in the City
Register’s Office of New York County on August 15, 2006 as Condominium CRFN
2006000460294 (as such Floor Plans are amended from time to time).

TOGETHER with an
undivided percentage interest as set forth in Schedule 1 herein, respectively,
in the Common Elements (as such term is defined in the Declaration) of The New
York Times Building Condominium;

The Land area of the
Condominium is more particularly described as follows:

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

BEGINNING at the corner
formed by the intersection of the northerly line of West 40th Street with the easterly line of 8th Avenue;

RUNNING THENCE northerly
along said easterly line of 8th Avenue, 197 feet
6 inches to the corner formed by the intersection of the easterly side of 8th Avenue with the southerly line of West 41st Street;

THENCE easterly
along said southerly line of West 41st Street, 400 feet;

THENCE southerly and
parallel to said easterly line of 8th Avenue, 197 feet 6 inches to the northerly
line of West 40th Street;

THENCE westerly along
said northerly line of West 40th Street, 400 feet to the point or place of
BEGINNING.

Schedule
1

Description of NYTC Units

	
  Unit Designation

  	
   

  	
  Tax Lot

  	
   

  	
  Percentage Interest In

  Common Elements

  	
   

  
	
  0-A

  	
   

  	
   

  	
  1001

  	
   

  	
  0.6627

  	
  %

  
	
  1-A

  	
   

  	
   

  	
  1003

  	
   

  	
  2.0132

  	
  %

  
	
  1-E

  	
   

  	
   

  	
  1007

  	
   

  	
  0.0691

  	
  %

  
	
  2-A

  	
   

  	
   

  	
  1009

  	
   

  	
  4.7805

  	
  %

  
	
  3-A

  	
   

  	
   

  	
  1010

  	
   

  	
  4.7579

  	
  %

  
	
  4-A

  	
   

  	
   

  	
  1011

  	
   

  	
  4.5636

  	
  %

  
	
  5-A

  	
   

  	
   

  	
  1012

  	
   

  	
  1.6352

  	
  %

  
	
  6-A

  	
   

  	
   

  	
  1013

  	
   

  	
  1.7325

  	
  %

  
	
  7-A

  	
   

  	
   

  	
  1014

  	
   

  	
  1.7325

  	
  %

  
	
  8-A

  	
   

  	
   

  	
  1015

  	
   

  	
  1.7325

  	
  %

  
	
  9-A

  	
   

  	
   

  	
  1016

  	
   

  	
  1.7325

  	
  %

  
	
  10-A

  	
   

  	
   

  	
  1017

  	
   

  	
  1.7325

  	
  %

  
	
  11-A

  	
   

  	
   

  	
  1018

  	
   

  	
  1.7325

  	
  %

  
	
  12-A

  	
   

  	
   

  	
  1019

  	
   

  	
  1.7325

  	
  %

  
	
  13-A

  	
   

  	
   

  	
  1020

  	
   

  	
  1.7325

  	
  %

  
	
  14-A

  	
   

  	
   

  	
  1021

  	
   

  	
  1.7440

  	
  %

  
	
  15-A

  	
   

  	
   

  	
  1022

  	
   

  	
  1.3998

  	
  %

  
	
  16-A

  	
   

  	
   

  	
  1023

  	
   

  	
  1.7484

  	
  %

  
	
  17-A

  	
   

  	
   

  	
  1024

  	
   

  	
  1.7207

  	
  %

  
	
  18-A

  	
   

  	
   

  	
  1025

  	
   

  	
  1.7711

  	
  %

  
	
  19-A

  	
   

  	
   

  	
  1026

  	
   

  	
  1.7711

  	
  %

  
	
  20-A

  	
   

  	
   

  	
  1027

  	
   

  	
  1.7711

  	
  %

  
	
  21-A

  	
   

  	
   

  	
  1028

  	
   

  	
  1.7711

  	
  %

  
	
  22-A

  	
   

  	
   

  	
  1029

  	
   

  	
  1.7711

  	
  %

  
	
  23-A

  	
   

  	
   

  	
  1030

  	
   

  	
  1.7711

  	
  %

  
	
  24-A

  	
   

  	
   

  	
  1031

  	
   

  	
  1.7711

  	
  %

  
	
  25-A

  	
   

  	
   

  	
  1032

  	
   

  	
  1.7711

  	
  %

  
	
  26-A

  	
   

  	
   

  	
  1033

  	
   

  	
  1.7711

  	
  %

  
	
  27-A

  	
   

  	
   

  	
  1034

  	
   

  	
  1.7711

  	
  %

  
	
  28-A

  	
   

  	
   

  	
  1035

  	
   

  	
  0.4446

  	
  %

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]