Document:

STANDARD
                  FORM OF LOFT
                  LEASE

                The
                  Real Estate Board of New York,
                  Inc.

              

  

    

    Agreement
      of Lease, made as of this
25th                                         
day of
January                                        2005                                       ,
      between TOWER 39 ASSOCIATES LLC c/o NEWMARK & CO. REAL ESTATE, INC.,
      HAVING AN OFFICE AT 125 PARK AVANUE, NEW YORK, NY 10017

    party
      of
      the first part, hereinafter referred to as OWNER, and PLATINUM IT
      CONSULTING, INC,. A DELAWARE CORPORATION HAVING AN OFFICE AT 125 PARK AVENUE,
      NEW YORK, NY 10017

     

    party
      of
      the second part, hereinafter referred to as TENANT,

     

    Witnesseth:                Owner
      hereby leases to Tenant and Tenant hereby hires from Owner ENTIRE
      18TH FLOOR AS PER PLAN ATTACHED HERETO

     

    in
      the
      building known as 589
      8TH AVENUE, NEW YORK, NY 10018

    in
      the
      Borough of
      MANHATTAN                        
,
      City of
      New York, for the term of  FIVE
      (5) YEARS AND THREE (3) MONTHS

     

    (or
      until
      such term shall sooner cease and expire as hereinafter provided) to commence
      on
      the

    1st                   day
      of
MARCH                                          
nineteen hundred and TWO
      THOUSAND AND FIVE           
      , and to end on the 31ST                                   
      day of
MAY
      TWO THOUSAND AND TEN

    and
      both
      dates inclusive, at an annual rental rate of SEE
      ARTICLE #43

     

    which
      Tenant agrees to pay in lawful money of the United States which shall be legal
      tender in payment of all debts and dues, public and private, at the time of
      payment, in equal monthly installments in advance on the first day of each
      month
      during said term, at the office of Owner or such other place as Owner may
      designate, without any set off or deduction whatsoever, except that Tenant
      shall
      pay the
      first                                           monthly
      installment(s) on the execution hereof (unless this lease be a
      renewal).

     

    In
      the
      event that, at the commencement of the term of this lease, or thereafter, Tenant
      shall be in default in the payment of rent to Owner pursuant to the terms of
      another lease with Owner or with Owner’s predecessor in interest, Owner may at
      Owner’s option and without notice to Tenant add the amount of such arrears to
      any monthly installment of rent payable hereunder and the same shall be payable
      to Owner as additional rent.

     

    The
      parties hereto, for themselves, their heirs, distributees, executors,
      administrators, legal representatives, successors and assigns, hereby covenant
      as follows:

     

    
      	
              Rent: 

            	
              1.
                Tenant shall pay the rent as above and as hereinafter
                provided.

            
	
              Occupancy:

            	
              2.
                Tenant shall use and occupy demised premises for GENERAL
                AND EXECUTIVE OFFICES

            

    

     

    provided
      such use is in accordance with the certificate of occupancy for the building,
      if
      any, and for no other purpose.

     

    Alterations:

     

    3.
      Tenant shall make no changes in or to the demised premises of any nature without
      Owner’s prior written consent. Subject to the prior written consent of Owner,
      and to the provisions of this article, Tenant, at Tenant’s expense, may make
      alterations, installations, additions or improvements which are nonstructural
      and which do not affect utility services or plumbing and electrical lines,
      in or
      to the interior of the demised premises using contractors or mechanics first
      approved in each instance by Owner. Tenant shall, at its expense, before making
      any alterations, additions, installations or improvements obtain all permits,
      approval and certificates required by any governmental or quasi-governmental
      bodies and (upon completion) certificates of final approval thereof and shall
      deliver promptly duplicates of all such permits, approvals and certificates
      to
      Owner. Tenant agrees to carry and will cause Tenant’s contractors and
      sub-contractors to carry such workman’s compensation, general liability,
      personal and property damage insurance as Owner may require. If any mechanic’s
      lien is filed against the demised premises, or the building of which the same
      forms a part, for work claimed to have been done for, or materials furnished
      to,
      Tenant, whether or not done pursuant to this article, the same shall be
      discharged by Tenant within thirty days thereafter, at Tenant’s expense, by
      payment or filing the bond required by law or otherwise. All fixtures and all
      paneling, partitions, railings and like installations, installed in the premises
      at any time, either by Tenant or by Owner on Tenant’s behalf shall, upon
      installation, become the property of Owner and shall remain upon and be
      surrendered with the demised premises unless Owner, by notice to Tenant no
      later
      than twenty days prior to the date fixed as the termination of this lease,
      elects to relinquish Owner’s right thereto and to have them removed by Tenant,
      in which event the same shall be removed from the demised premises by Tenant
      prior to the expiration of the lease, at Tenant’s expense. Nothing in this
      Article shall be construed to give Owner title to or to prevent Tenant’s removal
      of trade fixtures, moveable office furniture and equipment, but upon removal
      of
      any such from the premises or upon removal of other installations as may be
      required by Owner, Tenant shall immediately and at its expense, repair and
      restore the premises to the condition existing prior to installation and repair
      any damage to the demised premises or the building due to such removal. All
      property permitted or required to be removed by Tenant at the end of the term
      remaining in the premises after Tenant’s removal shall be deemed abandoned and
      may, at the election of Owner, either be retained as Owner’s property or removed
      from the premises by Owner, at Tenant’s expense.

     

    Repairs:

     

    4.
      Owner shall maintain and repair the exterior of and the public portions of
      the
      building. Tenant shall, throughout the term of this lease, take good care of
      the
      demised premises including the bathrooms and lavatory facilities (if the demised
      premises encompass the entire floor of the building) and the windows and window
      frames and, the fixtures and appurtenances therein and at Tenant’s sole cost and
      expense promptly make all repairs thereto and to the building, whether
      structural or non-structural in nature, caused by or resulting from the
      carelessness, omission, neglect or improper conduct of Tenant, Tenant’s
      servants, employees, invitees, or licensees, and whether or not arising from
      such Tenant conduct or omission, when required by other provisions of this
      lease, including Article 6. Tenant shall also repair all damage to the building
      and the demised premises caused by the moving of Tenant’s fixtures, furniture or
      equipment. All the aforesaid repairs shall be of quality or class equal to
      the
      original work or construction. If Tenant fails, after ten days notice, to
      proceed with due diligence to make repairs required to be made by Tenant, the
      same may be made by the Owner at the expense of Tenant, and the expenses thereof
      incurred by Owner shall be collectible, as additional rent, after rendition
      of a
      bill or statement therefore. If the demised premises be or become infested
      with
      vermin, Tenant shall, at its expense, cause the same to be exterminated. Tenant
      shall give Owner prompt notice of any defective condition in any plumbing,
      heating system or electrical lines located in the demised premises and following
      such notice, Owner shall remedy the condition with due diligence, but at the
      expense of Tenant, if repairs are necessitated by damage or injury attributable
      to Tenant, Tenant’s servants, agents, employees, invitees or licensees as
      aforesaid. Except as specifically provided in Article 9 or elsewhere in this
      lease, there shall be no allowance to the Tenant for a diminution of rental
      value and no liability on the part of Owner by reason of inconvenience,
      annoyance or injury to business arising from Owner, Tenant or others making
      or
      failing to make any repairs, alterations, additions or improvements in or to
      any
      portion of the building or the demised premises or in and to the fixtures,
      appurtenances or equipment thereof. It is specifically agreed that Tenant shall
      not be entitled to any set off or reduction of rent by reason of any failure
      of
      Owner to comply with the covenants of this or any other article of this lease.
      Tenant agrees that Tenant’s sole remedy at law in such instance will be by way
      of any action for damages for breach of contract. The provisions of this Article
      4 with respect to the making of repairs shall not apply in the case of fire
      or
      other casualty with regard to which Article 9 hereof shall apply.

     

    Window
      Cleaning: 

     

    5.
      Tenant will not clean nor require, permit, suffer or allow any window in the
      demised premises to be cleaned from the outside in violation of Section 202
      of
      the New York State Labor Law or any other applicable law or of the Rules of
      the
      Board of Standards and Appeals, or of any other Board or body having or
      asserting jurisdiction.

     

    Requirements
      of  Law,  Fire Insurance:

     

    6.
      Prior to the commencement of the lease term if, Tenant is then in possession,
      and at all times thereafter Tenant shall, at Tenant’s sole cost and expense,
      promptly comply with all present and future laws, orders and regulations of
      all
      state, federal, municipal and local governments, departments, commissions and
      boards and any direction of any public officer pursuant to law, and all orders,
      rules and regulations of the New York Board of Fire Underwriters, or the
      Insurance Services Office, or any similar body which shall impose any violation,
      order or duty upon Owner or Tenant with respect to the demised premises, whether
      or not arising out of Tenant’s use or manner of use thereof, or, with respect to
      the building, if arising out of Tenant’s use or manner of use of the demised
      premises of the building (including the use permitted under the lease). Except
      as provided in Article 30 hereof, nothing herein shall require Tenant to make
      structural repairs or alterations unless Tenant has, by its manner of use of
      the
      demised premises or method of operation therein, violated any such laws,
      ordinances, orders, rules, regulations or requirements with respect thereto.
      Tenant shall not do or permit any act or thing to be done in or to the demised
      premises which is contrary to law, or which will invalidate or be in conflict
      with public liability, fire or other policies of insurance at any time carried
      by or for the benefit of Owner. Tenant shall not keep anything in the demised
      premises except as now or
      hereafter
      permitted by the Fire Department, Board of Fire Underwriters, Fire Insurance
      Rating Organization and other authority having jurisdiction, and then only
      in
      such manner and such quantity so as not to increase the rate for fire insurance
      applicable to the building, nor use the premises in a manner which will increase
      the insurance rate for the building or any property located therein over that
      in
      effect prior to the commencement of Tenant’s occupancy. If by reason of failure
      to comply with the foregoing the fire insurance rate shall, at the beginning
      of
      this lease or at any time thereafter, be higher than it otherwise would be,
      then
      Tenant shall reimburse Owner, as additional rent hereunder, for that portion
      of
      all fire insurance premiums thereafter paid by Owner which shall have been
      charged because of such failure by Tenant. In any action or proceeding wherein
      Owner and Tenant are parties, a schedule or “make-up” or rate for the building
      or demised premises issued by a body making fire insurance rates applicable
      to
      said premises shall be conclusive evidence of the facts therein stated and
      of
      the several items and charges in the fire insurance rates then applicable to
      said premises. Tenant shall not place a load upon any floor of the demised
      premises exceeding the floor load per square foot area which it was designed
      to
      carry and which is allowed by law. Owner reserves the right to prescribe the
      weight and position of all safes, business machines and mechanical equipment.
      Such installations shall be placed and maintained by Tenant, at Tenant’s
      expense, in settings sufficient, in Owner’s judgement, to absorb and prevent
      vibration, noise and annoyance.

     

    
      
        
        

      

      
        Page
          1
          of  6

        
          

        

      

      
        
        

      

    

     

    
      Subordination:
        

      

      7.
        This
        lease is subject and subordinate to all ground or underlying leases and to
        all
        mortgages which may now or hereafter affect such leases or the real property
        of
        which demised premises are a part and to all renewals, modifications,
        consolidations, replacements and extensions of any such underlying leases
        and
        mortgages. This clause shall be self-operative and no further instrument
        or
        subordination shall be required by any ground or underlying lessor or by
        any
        mortgagee, affecting any lease or the real property of which the demised
        premises are a part. In confirmation of such subordination, Tenant shall
        from
        time to time execute promptly any certificate that Owner may
        request.

      

      Tenant’s
        Liability Insurance Property Loss, Damage, Indemnity: 

      

      8.
        Owner
        or
        its agents shall not be liable for any damage to property of Tenant or of
        others
        entrusted to employees of the building, nor for loss of or damage to any
        property of Tenant by theft or otherwise, nor for any injury or damage to
        persons or property resulting from any cause of whatsoever nature, unless
        caused
        by or due to the negligence of Owner, its agents, servants or employees;
        Owner
        or its agents shall not be liable for any damage caused by other tenants
        or
        persons in, upon or about said building or caused by operations in connection
        of
        any private, public or quasi public work. If at any time any windows of the
        demised premises are temporarily closed, darkened or bricked up (or permanently
        closed, darkened or bricked up, if required by law) for any reason whatsoever
        including, but not limited to Owner’s own acts, Owner shall not be liable for
        any damage Tenant may sustain thereby and Tenant shall not be entitled to
        any
        compensation therefor nor abatement or diminution of rent nor shall the same
        release Tenant from its obligations hereunder nor constitute an eviction.
        Tenant
        shall indemnify and save harmless Owner against and from all liabilities,
        obligations, damages, penalties, claims, costs and expenses for which Owner
        shall not be reimbursed by insurance, including reasonable attorney’s fees,
        paid, suffered or incurred as a result of any breach by Tenant, Tenant’s agents,
        contractors, employees, invitees, or licensees, of any covenant or condition
        of
        this lease, or the carelessness, negligence or improper conduct of the Tenant,
        Tenant’s agents, contractors, employees, invitees or licensees. Tenant’s
        liability under this lease extends to the acts and omissions of any sub-tenant,
        and any agent, contractor, employee, invitee or licensee of any sub-tenant.
        In
        case any action or proceeding is brought against Owner by reason of any such
        claim, Tenant, upon written notice from Owner, will, at Tenant’s expense, resist
        or defend such action or proceeding by counsel approved by Owner in writing,
        such approval not to be unreasonably withheld.

       

      Destruction,
        Fire and Other Casualty:

      

      9.
        (a) If
        the demised premises or any part thereof shall be damaged by fire or other
        casualty, Tenant shall give immediate notice thereof to Owner and this lease
        shall continue in full force and effect except as hereinafter set forth.
        (b) If
        the demised premises are partially damaged or rendered partially unusable
        by
        fire or other casualty, the damages thereto shall be repaired by and at the
        expense of Owner and the rent and other items of additional rent, until such
        repair shall be substantially completed, shall be apportioned from the day
        following the casualty according to the part of the premises which is usable.
        (c) If the demised premises are totally damaged or rendered wholly unusable
        by
        fire or other casualty, then the rent and other items of additional rent
        as
        hereinafter expressly provided shall be proportionately paid up to the time
        of
        the casualty and thenceforth shall cease until the date when the premises
        shall
        have been repaired and restored by Owner (or sooner reoccupied in part by
        Tenant
        then rent shall be apportioned as provided in subsection (b) above), subject
        to
        Owner’s right to elect not to restore the same as hereinafter provided. (d) If
        the demised premises are rendered wholly unusable or (whether or not the
        demised
        premises are damaged in whole or in part) if the building shall be so damaged
        that Owner shall decide to demolish it or to rebuild it, then, in any of
        such
        events, Owner may elect to terminate this lease by written notice to Tenant,
        given within 90 days after such fire or casualty, or 30 days after adjustment
        of
        the insurance claim for such fire or casualty, whichever is sooner, specifying
        a
        date for the expiration of the lease, which date shall not be more than 60
        days
        after the giving of such notice, and upon the date specified in such notice
        the
        term of this lease shall expire as fully and completely as if such date were
        the
        date set forth above for the termination of this lease and Tenant shall
        forthwith quit, surrender and vacate the premises without prejudice however,
        to
        Owner’s rights and remedies against Tenant under the lease provisions in effect
        prior to such termination, and any rent owing shall be paid up to such date
        and
        any payments of rent made by Tenant which were on account of any period
        subsequent to such date shall be returned to Tenant.  Unless Owner shall
        serve a termination notice as provided for herein, Owner shall make the repairs
        and restorations under the conditions of (b) and (c) hereof, with all reasonable
        expedition, subject to delays due to adjustment of insurance claims, labor
        troubles and causes beyond Owner’s control. After any such casualty, Tenant
        shall cooperate with Owner’s restoration by removing from the premises as
        promptly as reasonably possible, all of Tenant’s salvageable inventory and
        movable equipment, furniture, and other property. Tenant’s liability for rent
        shall resume five (5) days after written notice from Owner that the premises
        are
        substantially ready for Tenant’s occupancy.  (e) Nothing contained herein
        above shall relieve Tenant from liability that may exist as a result of damage
        from fire or other casualty. Notwithstanding the foregoing, including Owner’s
        obligation to restore under subparagraph (b) above, each party shall look
        first
        to any insurance in its favor before making any claim against the other party
        for recovery for loss or damage resulting from fire or other casualty, and
        to
        the extent that such insurance is in force and collectible and to the extent
        permitted by law, Owner and Tenant each hereby releases and waives all right
        of
        recovery with respect to subparagraphs (b), (d) and (e) above, against the
        other
        or any one claiming through or under each of them by way of subrogation or
        otherwise. The release and waiver herein referred to shall be deemed to include
        any loss or damage to the demised premises and/or to any personal property,
        equipment, trade fixtures, goods and merchandise located therein. The foregoing
        release and waiver shall be in force only if both releasors’ insurance policies
        contain a clause providing that such a release or waiver shall not invalidate
        the insurance. If, and to the extent, that such waiver can be obtained only
        by
        the payment of additional premiums, then the party benefitting from the waiver
        shall pay such premium within ten days after written demand or shall be deemed
        to have agreed that the party obtaining insurance coverage shall be free
        of any
        further obligation under the provisions hereof with respect to waiver of
        subrogation. Tenant acknowledges that Owner will not carry insurance on Tenant’s
        furniture and or furnishings or any fixtures or equipment, improvements,
        or
        appurtenances removable by Tenant and agrees that Owner will not be obligated
        to
        repair any damage thereto or replace the same. (f) Tenant hereby waives the
        provisions of Section 227 of the Real Property Law and agrees that the
        provisions of this article shall govern and control in lieu
        thereof.

       

      Eminent
        Domain:

       

      10.
        If the
        whole or any part of the demised premises shall be acquired or condemned
        by
        Eminent Domain for any public or quasi public use or purpose, then and in
        that
        event, the term of this lease shall cease and terminate from the date of
        title
        vesting in such proceeding and Tenant shall have no claim for the value of
        any
        unexpired term of said lease. Tenant shall have the right to make an independent
        claim to the condemning authority for the value of Tenant’s moving expenses and
        personal property, trade fixtures and equipment, provided Tenant is entitled
        pursuant to the terms of the lease to remove such property, trade fixtures
        and
        equipment at the end of the term and provided further such claim does not
        reduce
        Owner’s award.

       

      Assignment,
        Mortgage, Etc.:

      

      11.
        Tenant,
        for itself, its heirs, distributees, executors, administrators, legal
        representatives, successors and assigns, expressly covenants that it shall
        not
        assign, mortgage or encumber this agreement, nor underlet, or suffer or permit
        the demised premises or any part thereof to be used by others, without the
        prior
        written consent of Owner in each instance. Transfer of the majority of the
        stock
        of a corporate Tenant or the majority partnership interest of a partnership
        Tenant shall be deemed an assignment. If this lease be assigned, or if the
        demised premises or any part thereof be underlet or occupied by anybody other
        than Tenant, Owner may, after default by Tenant, collect rent from the assignee,
        under-tenant or occupant, and apply the net amount collected to the rent
        herein
        reserved, but no such assignment, underletting, occupancy or collection shall
        be
        deemed a waiver of this covenant, or the acceptance of the assignee, undertenant
        or occupant as tenant, or a release of Tenant from the further performance
        by
        Tenant of covenants on the part of Tenant herein contained. The consent by
        Owner
        to an assignment or underletting shall not in any way be construed to relieve
        Tenant from obtaining the express consent in writing of Owner to any further
        assignment or underletting.

       

      Electric
        Current:

       

      

      12.
        Rates
        and
        conditions in respect to submetering or rent inclusion, as the case may be,
        to
        be added in RIDER attached hereto. Tenant covenants and agrees that at all
        times
        its use of electric current shall not exceed the capacity of existing feeders
        to
        the building or the risers or wiring installation and Tenant may not use
        any
        electrical equipment which, in Owner’s opinion, reasonably exercised, will
        overload such installations or interfere with the use thereof by other tenants
        of the building. The change at any time of the character of electric service
        shall in no way make Owner liable or responsible to Tenant, for any loss,
        damages or expenses which Tenant may sustain.

       

      Access
        to Premises:

       

      13.
        Owner or
        Owner’s agents shall have the right (but shall not be obligated) to enter the
        demised premises in any emergency at any time, and, at other reasonable times,
        to examine the same and to make such repairs, replacements and improvements
        as
        Owner may deem necessary and reasonably desirable to any portion of the building
        or which Owner may elect to perform in the premises after Tenant’s failure to
        make repairs or perform any work which Tenant is obligated to perform under
        this
        lease, or for the purpose of complying with laws, regulations and other
        directions of governmental authorities. Tenant shall permit Owner to use
        and
        maintain and replace pipes and conduits in and through the demised premises
        and
        to erect new pipes and conduits therein provided, wherever possible, they
        are
        within walls or otherwise concealed. Owner may, during the progress of any
        work
        in the demised premises, take all necessary materials and equipment into
        said
        premises without the same constituting an eviction nor shall the Tenant be
        entitled to any abatement of rent while such work is in progress nor to any
        damages by reason of loss or interruption of business or otherwise. Throughout
        the term hereof Owner shall have the right to enter the demised premises
        at
        reasonable hours for the purpose of showing the same to prospective purchasers
        or mortgagees of the building, and during the last six months of the term
        for
        the purpose of showing the same to prospective tenants and may, during said
        six
        months period, place upon the demised premises the usual notices “To Let” and
“For Sale” which notices Tenant shall permit to remain thereon without
        molestation. If Tenant is not present to open and permit an entry into the
        demised premises, Owner or Owner’s agents may enter the same whenever such entry
        may be necessary or permissible by master key or forcibly and provided
        reasonable care is exercised to safeguard Tenant’s property, such entry shall
        not render Owner or its agents liable therefor, nor in any event shall the
        obligations of Tenant hereunder be affected. If during the last month of
        the
        term Tenant shall have removed all or substantially all of Tenant’s property
        therefrom. Owner may immediately enter, alter, renovate or redecorate the
        demised premises without limitation or abatement of rent, or incurring liability
        to Tenant for any compensation and such act shall have no effect on this
        lease
        or Tenant’s obligation hereunder.

       

      
        

      

      
        
          	
                  

                	
                  Rider
                    to be added if necessary.

                

        

         

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    Vault,
      Vault Space, Area:

     

    14.
      No Vaults, vault space or area, whether or not enclosed or covered, not within
      the property line of the building is leased hereunder anything contained in
      or
      indicated on any sketch, blue print or plan, or anything contained elsewhere
      in
      this lease to the contrary notwithstanding. Owner makes no representation as
      to
      the location of the property line of the building. All vaults and vault space
      and all such areas not within the property line of the building, which Tenant
      may be permitted to use and/or occupy, is to be used and/or occupied under
      a
      revocable license, and if any such license be revoked, or if the amount of
      such
      space or area be diminished or required by any federal, state or municipal
      authority or public utility, Owner shall not be subject to any liability nor
      shall Tenant be entitled to any compensation or diminution or abatement of
      rent,
      nor shall such revocation, diminution or requisition be deemed constructive
      or
      actual eviction. Any tax, fee or charge of municipal authorities for such vault
      or area shall be paid by Tenant, if used by Tenant, whether or not specifically
      leased hereunder.

     

    Occupancy:
      

     

    15.
      Tenant will not at any time use or occupy the demised premises in violation
      of
      the certificate of occupancy issued for the building of which the demised
      premises are a part. Tenant has inspected the premises and accepts them as
      is,
      subject to the riders annexed hereto with respect to Owner’s work, if any. In
      any event, Owner makes no representation as to the condition of the premises
      and
      Tenant agrees to accept the same subject to violations, whether or not of
      record. If any governmental license or permit shall be required for the proper
      and lawful conduct of Tenant’s business, Tenant shall be responsible for and
      shall procure and maintain such license or permit.

     

    Bankruptcy:

     

    16.
      (a) Anything elsewhere in this lease to the contrary notwithstanding, this
      lease
      may be cancelled by Owner by sending of a written notice to Tenant within a
      reasonable time after the happening of any one or more of the following events:
      (1) the commencement of a case in bankruptcy or under the laws of any state
      naming Tenant as the debtor; or (2) the making by Tenant of an assignment or
      any
      other arrangement for the benefit of creditors under any state statute. Neither
      Tenant nor any person claiming through or under Tenant, or by reason of any
      statute or order of court, shall thereafter be entitled to possession of the
      premises demised but shall forthwith quit and surrender the premises. If this
      lease shall be assigned in accordance with its terms, the provisions of this
      Article 16 shall be applicable only to the party then owning Tenant’s interest
      in this lease.

     

    (b)
      It is
      stipulated and agreed that in the event of the termination of this lease
      pursuant to (a) hereof, Owner shall forthwith, notwithstanding any other
      provisions of this lease to the contrary, be entitled to recover from Tenant
      as
      and for liquidated damages an amount equal to the difference between the rental
      reserved hereunder for the unexpired portion of the term demised and the fair
      and reasonable rental value of the demised premises for the same period. In
      the
      computation of such damages the difference between any installment of rent
      becoming due hereunder after the date of termination and the fair and reasonable
      rental value of the demised premises for the period for which such installment
      was payable shall be discounted to the date of termination at the rate of four
      percent (4%) per annum. If such premises or any part thereof be relet by the
      Owner for the unexpired term of said lease, or any part thereof, before
      presentation of proof of such liquidated damages to any court, commission or
      tribunal, the amount of rent reserved upon such re-letting shall be deemed
      to be
      the fair and reasonable rental value for the part or the whole of the premises
      so re-let during the term of the re-letting. Nothing herein contained shall
      limit or prejudice the right of the Owner to prove for and obtain as liquidated
      damages by reason of such termination, an amount equal to the maximum allowed
      by
      any statute or rule of law in effect at the time when, and governing the
      proceedings in which, such damages are to be proved, whether or not such amount
      be greater, equal to, or less than the amount of the difference referred to
      above.

     

    Default:

     

    17.
      (1) If Tenant defaults in fulfilling any of the covenants of this lease other
      than the covenants for the payment of rent or additional rent; or if the demised
      premises becomes vacant or deserted “or if this lease be rejected under §235 of
      Title 11 of the U.S. Code (bankruptcy code);” or if any execution or attachment
      shall be issued against Tenant or any of Tenant’s property whereupon the demised
      premises shall be taken or occupied by someone other than Tenant; or if Tenant
      shall make default with respect to any other lease between Owner and Tenant;
      or
      if Tenant shall have failed, after five (5) days written notice, to redeposit
      with Owner any portion of the security deposited hereunder which Owner has
      applied to the payment of any rent and additional rent due and payable hereunder
      or failed to move into or take possession of the premises within thirty (30)
      days after the commencement of the term of this lease, of which fact Owner
      shall
      be the sole judge; then in any one or more of such events, upon Owner serving
      a
      written fifteen (15) days notice upon Tenant specifying the nature of said
      default and upon the expiration of said fifteen (15) days, if Tenant shall
      have
      failed to comply with or remedy such default, or if the said default or omission
      complained of shall be of a nature that the same cannot be completely cured
      or
      remedied within said fifteen (15) day period, and if Tenant shall not have
      diligently commenced during such default within such fifteen (15) day period,
      and shall not thereafter with reasonable diligence and in good faith, proceed
      to
      remedy or cure such default, then Owner may serve a written five (5) days’
notice of cancellation of this lease upon Tenant, and upon the expiration of
      said five (5) days this lease and the term thereunder shall end and expire
      as
      fully and completely as if the expiration of such five (5) day period were
      the
      day herein definitely fixed for the end and expiration of this lease and the
      term thereof and Tenant shall then quit and surrender the demised premises
      to
      Owner but Tenant shall remain liable as hereinafter provided.

     

    (2)
      If
      the notice provided for in (1) hereof shall have been given, and the term shall
      expire as aforesaid; or if Tenant shall make default in the payment of the
      rent
      reserved herein or any item of additional rent herein mentioned or any part
      of
      either or in making any other payment herein required; then and in any of such
      events Owner may without notice, re-enter the demised premises either by force
      or otherwise, and dispossess Tenant by summary proceedings or otherwise, and
      the
      legal representative of Tenant or other occupant of demised premises and remove
      their effects and hold the premises as if this lease had not been made, and
      Tenant hereby waives the service of notice of intention to re-enter or to
      institute legal proceedings to that end. If Tenant shall make default hereunder
      prior to the date fixed as the commencement of any renewal or extension of
      this
      lease, Owner may cancel and terminate such renewal or extension agreement by
      written notice.

     

    Remedies
      of Owner and Waiver of Redemption:

     

    18.
      In case of any such default, re-entry, expiration  and/or
      dispossess by summary proceedings or otherwise, (a) the rent, and additional
      rent, shall become due thereupon and be paid up to the time of such re-entry,
      dispossess and/or expiration, (b) Owner may re-let the premises or any part
      or
      parts thereof, either in the name of Owner or otherwise, for a term or terms,
      which may at Owner’s option be less than or exceed the period which would
      otherwise have constituted the balance of the term of this lease and may grant
      concessions or free rent or charge a higher rental than that in this lease,
      (c)
      Tenant or the legal representatives of Tenant shall also pay Owner as liquidated
      damages for the failure of Tenant to observe and perform said Tenant’s covenants
      herein contained, any deficiency between the rent hereby reserved and or
      covenanted to be paid and the net amount, if any, of the rents collected on
      account of the subsequent lease or leases of the demised premises for each
      month
      of the period which would otherwise have constituted the balance of the term
      of
      this lease. The failure of Owner to re-let the premises or any part or parts
      thereof shall not release or affect Tenant’s liability for damages. In computing
      such liquidated damages there shall be added to the said deficiency such
      expenses as Owner may incur in connection with re-letting, such as legal
      expenses, reasonable attorneys’
      fees,
      brokerage, advertising and for keeping the demised premises in good order or
      for
      preparing the same for re-letting. Any such liquidated damages shall be paid
      in
      monthly installments by Tenant on the rent day specified in this lease and
      any
      suit brought to collect the amount of the deficiency for any month shall not
      prejudice in any way the rights of Owner to collect the deficiency for any
      subsequent month by a similar proceeding. Owner, in putting the demised premises
      in good order or preparing the same for re-rental may, at Owner’s option, make
      such alterations, repairs, replacements, and/or decorations in the demised
      premises as Owner, in Owner’s sole judgment, considers advisable and necessary
      for the purpose of re-letting the demised premises, and the making of such
      alterations, repairs, replacements, and/or decorations shall not operate or
      be
      construed to release Tenant from liability hereunder as aforesaid. Owner shall
      in no event be liable in any way whatsoever for failure to re-let the demised
      premises, or in the event that the demised premises are re-let, for failure
      to
      collect the rent thereof under such re-letting, and in no event shall Tenant
      be
      entitled to receive any excess, if any, of such net rents collected over the
      sums payable by Tenant to Owner hereunder. In the event of a breach or
      threatened breach by Tenant of any of the covenants or provisions hereof, Owner
      shall have the right of injunction and the right to invoke any remedy allowed
      at
      law or in equity as if re-entry, summary proceedings and other remedies were
      not
      herein provided for. Mention in this lease of any particular remedy, shall
      not
      preclude Owner from any other remedy, in law or in equity. Tenant hereby
      expressly waives any and all rights of redemption granted by or under any
      present or future laws.

     

    Fees
      and Expenses:

     

    19.
      If Tenant shall default in the observance or performance of any term or covenant
      on Tenant’s part to be observed or performed under or by virtue of any of the
      terms or provisions in any article of this lease, after notice if required
      and
      upon expiration of any applicable grace period if any, (except in an emergency),
      then, unless otherwise provided elsewhere in this lease, Owner may immediately
      or at any time thereafter and without notice perform the obligation of Tenant
      thereunder. If Owner, in connection with the foregoing or in connection with
      any
      default by Tenant in the covenant to pay rent hereunder, makes any expenditures
      or incurs any obligations for the payment of money, including but not limited
      to
      reasonable attorney’s fees, in instituting, prosecuting or defending any action
      or proceedings, and prevails in any such action or proceeding, then Tenant
      will
      reimburse Owner for such sums so paid or obligations incurred with interest
      and
      costs. The foregoing expenses incurred by reason of Tenant’s default shall be
      deemed to be additional rent hereunder and shall be paid by Tenant to Owner
      within ten (10) days of rendition of any bill or statement to Tenant therefor.
      If Tenant’s lease term shall have expired at the time of making of such
      expenditures or incurring of such obligations, such sums shall be recoverable
      by
      Owner as damages.

     

    Building
      Alterations and Management:

     

    20.
      Owner shall have the right at any time without the same constituting an eviction
      and without incurring liability to Tenant therefor to change the arrangement
      and
      or location of public entrances, passageways, doors, doorways, corridors,
      elevators, stairs, toilets or other public parts of the building and to change
      the name, number or designation by which the building may be known. There shall
      be no allowance to Tenant for diminution of rental value and no liability on
      the
      part of Owner by reason of inconvenience, annoyance or injury to business
      arising from Owner or other Tenant making any repairs in the building or any
      such alterations, additions and improvements. Furthermore, Tenant shall not
      have
      any claim against Owner by reason of Owner’s imposition of any controls of the
      manner of access to the building by Tenant’s social or business visitors as the
      Owner may deem necessary for the security of the building and its
      occupants.

     

    
      
        
        

      

      
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      No
        Representations by Owner:

       

      21.
        Neither
        Owner nor Owner’s agents have made any representations or promises with respect
        to the physical condition of the building, the land upon which it is erected
        or
        the demised premises, the rents, leases, expenses of operation or any other
        matter or thing affecting or related to the demised premises or the building
        except as herein expressly set forth and no rights, easements or licenses
        are
        acquired by Tenant by implication or otherwise except as expressly set forth
        in
        the provisions of this lease. Tenant has inspected the building and the demised
        premises and is thoroughly acquainted with their condition and agrees to
        take
        the same “as is” on the date possession is tendered and acknowledges that the
        taking of possession of the demised premises by Tenant shall be conclusive
        evidence that the said premises and the building of which the same form a
        part
        were in good and satisfactory condition at the time such possession was so
        taken, except as to latent defects. All understandings and agreements heretofore
        made between the parties hereto are merged in this contract, which alone
        fully
        and completely expresses the agreement between Owner and Tenant and any
        executory agreement hereafter made shall be ineffective to change, modify,
        discharge or effect an abandonment of it in whole or in part, unless such
        executory agreement is in writing and signed by the party against whom
        enforcement of the change, modification, discharge or abandonment is
        sought.

       

      End
        of Term:

       

      22.
        Upon the
        expiration or other termination of the term of this lease, Tenant shall quit
        and
        surrender to Owner the demised premises, broom clean, in good order and
        condition, ordinary wear and damages which Tenant is not required to repair
        as
        provided elsewhere in this lease excepted, and Tenant shall remove all its
        property from the demised premises. Tenant’s obligation to observe or perform
        this covenant shall survive the expiration or other termination of this lease.
        If the last day of the term of this Lease or any renewal thereof, falls on
        Sunday, this lease shall expire at noon on the preceding Saturday unless
        it be a
        legal holiday in which case it shall expire at noon on the preceding business
        day.

       

      Quiet
        Enjoyment:

       

      23.
        Owner
        covenants and agrees with Tenant that upon Tenant paying the rent and additional
        rent and observing and performing all the terms, covenants and conditions,
        on
        Tenant’s part to be observed and performed, Tenant may peaceably and quietly
        enjoy the premises hereby demised, subject, nevertheless, to the terms and
        conditions of this lease including, but not limited to, Article 34 hereof
        and to
        the ground leases, underlying leases and mortgages hereinbefore
        mentioned.

       

      Failure to
        Give Possession:

       

      24.
        If Owner
        is unable to give possession of the demised premises on the date of the
        commencement of the term hereof, because of the holding-over or retention
        of
        possession of any tenant, undertenant or occupants or if the demised premises
        are located in a building being constructed, because such building has not
        been
        sufficiently completed to make the premises ready for occupancy or because
        of
        the fact that a certificate of occupancy has not been procured or if Owner
        has
        not completed any work required to be performed by Owner, or for any other
        reason, Owner shall not be subject to any liability for failure to give
        possession on said date and the validity of the lease shall not be impaired
        under such circumstances, nor shall the same be construed in any way to extend
        the term of this lease, but the rent payable hereunder shall be abated (provided
        Tenant is not responsible for Owner’s inability to obtain possession or complete
        any work required) until after Owner shall have given Tenant notice that
        Owner
        is able to deliver possession in the condition required by this lease. If
        permission is given to Tenant to enter into the possession of the demised
        premises or to occupy premises other than the demised premises prior to the
        date
        specified as the commencement of the term of this lease, Tenant covenants
        and
        agrees that such possession and/ or occupancy shall be deemed to be under
        all
        the terms, covenants, conditions and provisions of this lease, except the
        obligation to pay the fixed annual rent set forth in page one of this lease.
        The
        provisions of this article are intended to constitute “an express provision to
        the contrary” within the meaning of Section 223-a of the New York Real Property
        Law.

       

      No
        Waiver:

       

      25.
        The
        failure of Owner to seek redress for violation of, or to insist upon the
        strict
        performance of any covenant or condition of this lease or of any of the Rules
        or
        Regulations, set forth or hereafter adopted by Owner, shall not prevent a
        subsequent act which would have originally constituted a violation from having
        all the force and effect of an original violation. The receipt by Owner of
        rent
        with knowledge of the breach of any covenant of this lease shall not be deemed
        a
        waiver of such breach and no provision of this lease shall be deemed to have
        been waived by Owner unless such waiver be in writing signed by Owner. No
        payment by Tenant or receipt by Owner of a lesser amount than the monthly
        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 rent be deemed an accord and
        satisfaction, and Owner may accept such check or payment without prejudice
        to
        Owner’s right to recover the balance of such rent or pursue any other remedy in
        this lease provided. All checks tendered to Owner as and for the rent of
        the
        demised premises shall be deemed payments for the account of Tenant. Acceptance
        by Owner of rent from anyone other than Tenant shall not be deemed to operate
        as
        an attornment to Owner by the payor of such rent or as a consent by Owner
        to an
        assignment or subletting by Tenant of the demised premises to such payor,
        or as
        a modification of the provisions of this lease. No act or thing done by Owner
        or
        Owner’s agents during the term hereby demised shall be deemed an acceptance of
        a
        surrender of said premises and no agreement to accept such surrender shall
        be
        valid unless in writing signed by Owner. No employee of Owner or Owner’s agent
        shall have any power to accept the keys of said premises prior to the
        termination of the lease and the delivery of keys to any such agent or employee
        shall not operate as a termination of the lease or a surrender of the
        premises.

       

      Waiver
        of Trial by Jury:

       

      26.
        It is
        mutually agreed by and between Owner and Tenant that 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 (except
        for personal injury or property damage) on any matters whatsoever arising
        out of
        or in any way connected with this lease, the relationship of Owner and Tenant,
        Tenant’s use of or occupancy of said premises, and any emergency statutory or
        any other statutory remedy. It is further mutually agreed that in the event
        Owner commences any proceeding or action for possession including a summary
        proceeding for possession of the premises, Tenant will not interpose any
        counterclaim of whatever nature or description in any such proceeding including
        a counterclaim under Article 4 except for statutory mandatory
        counterclaims.

       

      Inability
        to Perform:

       

      27.
        This
        Lease and the obligation of Tenant to pay rent hereunder and perform all
        of the
        other covenants and agreements hereunder on part of Tenant to be performed
        shall
        in no way be affected, impaired or excused because Owner is unable to fulfill
        any of its obligations under this lease or to supply or is delayed in supplying
        any service expressly or impliedly to be supplied or is unable to make, or
        is
        delayed in making any repair, additions, alterations or decorations or is
        unable
        to supply or is delayed in supplying any equipment, fixtures or other materials
        if Owner is prevented or delayed from doing so by reason of strike or labor
        troubles or any cause whatsoever beyond Owner’s sole control including, but not
        limited to, government preemption or restrictions or by reason of any rule,
        order or regulation of any department or subdivision thereof of any government
        agency or by reason of the conditions which have been or are affected, either
        directly or indirectly, by war or other emergency.

       

      Bills
        and Notices:

       

      28.
        Except
        as otherwise in this lease provided, a bill statement, notice or communication
        which Owner may desire or be required to give to Tenant, shall be deemed
        sufficiently given or rendered if, in writing, delivered to Tenant personally
        or
        sent by registered or certified mail addressed to Tenant at the building
        of
        which the demised premises form a part or at the last known residence address
        or
        business address of Tenant or left at any of the aforesaid premises addressed
        to
        Tenant, and the time of the rendition of such bill or statement and of the
        giving of such notice or communication shall be deemed to be the time when
        the
        same is delivered to Tenant, mailed, or left at the premises as herein provided.
        Any notice by Tenant to Owner must be served by registered or certified mail
        addressed to Owner at the address first hereinabove given or at such other
        address as Owner shall designate by written notice.

       

      Water
        Charges:

       

      
        

      

      29.
        If
        Tenant requires, uses or consumes water for any purpose in addition to ordinary
        lavatory purposes (of which fact Tenant constitutes Owner to be the sole
        judge)
        Owner may install a water meter and thereby measure Tenant’s water consumption
        for all purposes. Tenant shall pay Owner for the cost of the meter and the
        cost
        of the installation, thereof and throughout the duration of Tenant’s occupancy
        Tenant shall keep said meter and installation equipment in good working order
        and repair at Tenant’s own cast and expense in default of which Owner may cause
        such meter and equipment to be replaced or repaired and collect the cost
        thereof
        from Tenant, as additional rent. Tenant agrees to pay for water consumed,
        as
        shown on said meter as and when bills are rendered, and on default in making
        such payment Owner may pay such charges and collect the same from Tenant,
        as
        additional rent. Tenant covenants and agrees to pay, as additional rent,
        the
        sewer rent, charge or any other tax, rent, levy or charge which now or hereafter
        is assessed, imposed or a lien upon the demised premises or the realty of
        which
        they are part pursuant to law, order or regulation made or issued in connection
        with the use, consumption, maintenance or supply of water, water system or
        sewage or sewage connection or system. If the building or the demised premises
        or any part thereof is supplied with water through a meter through which
        water
        is also supplied to other premises Tenant shall pay to Owner, as additional
        rent, on the first day of each month, % ($
        65.00)
        of
        the
        total meter charges as Tenant’s portion. Independently of and in addition to any
        of the remedies reserved to Owner hereinabove or elsewhere in this lease,
        Owner
        may sue for and collect any monies to be paid by Tenant or paid by Owner
        for any
        of the reasons or purposes hereinabove set forth.

       

      Sprinklers:

       

      
        

      

      30.
        Anything
        elsewhere in this lease to the contrary notwithstanding, if the New York
        Board
        of Fire Underwriters or the New York Fire Insurance Exchange or any bureau,
        department or official of the federal, state or city government recommend
        or
        require the installation of a sprinkler system or that any changes,
        modifications, alterations, or additional sprinkler heads or other equipment
        be
        made or supplied in an existing sprinkler system by reason of Tenant’s business,
        or the location of partitions, trade fixtures, or other contents of the demised
        premises, or for any other reason, or if any such sprinkler system
        installations, modifications, alterations, additional sprinkler heads or
        other
        such equipment, become necessary to prevent the imposition of a penalty or
        charge against the full allowance for a sprinkler system in the fire insurance
        rate set by any said Exchange or by any fire insurance company, Tenant shall,
        at
        Tenant’s expense, promptly make such sprinkler system installations, changes,
        modifications, alterations, and supply additional sprinkler heads or other
        equipment as required whether the work involved shall be structural or
        non-structural in nature. Tenant shall pay to Owner as additional rent the
        sum
        of $ 65.00,on
        the
        first day of each month during the term of this lease, as Tenant’s portion of
        the contract price for sprinkler supervisory service.

       

      Elevators,
        Heat, Cleaning:

       

      31.
        As long
        as Tenant is not in default under any the covenants of this lease beyond
        the
        applicable grace period provided in this lease for the curing of such defaults,
        Owner shall: (a) provide necessary passenger elevator facilities on business
        days from 8 a.m. to 6 p.m. and on Saturdays from 8 a.m. to 1 p.m.; (b) if
        freight elevator service is provided, same shall be provided only on regular
        business days Monday through Friday inclusive, and on those days only between
        the hours of 9 a.m. and 12 noon and between 1 p.m. and 5 p.m.; (c) furnish
        heat,
        water and other services supplied by Owner to the demised premises, when
        and as
        required by law, on business days from 8 a.m. to 6 p.m. and on Saturdays
        from 8 a.m. to 1 p.m.; (d) clean the public halls and public portions of
        the
        building which are used in common by all tenants. Tenant shall, at Tenant’s
        expense, keep the demised premises, including the windows, clean and in order,
        to the reasonable satisfaction of Owner, and for that purpose shall employ
        the
        person or persons, or corporation approved by Owner. Tenant shall pay to
        Owner
        the cost of removal of any of Tenant’s refuse and rubbish from the building.
        Bills for the same shall be rendered by Owner to Tenant at such time as Owner
        may elect and shall be due and payable hereunder, and the amount of such
        bills
        shall be deemed to be, and be paid as, additional rent. Tenant shall, however,
        have the option of independently contracting for the removal of such rubbish
        and
        refuse in the event that Tenant does not wish to have same done by employees
        of
        Owner. Under such circumstances, however, the removal of such refuse and
        rubbish
        by others shall be subject to such rules and regulations as, in the judgment
        of
        Owner, are necessary for the proper operation of the building. Owner reserves
        the right to stop service of the heating, elevator, plumbing and electric
        systems, when necessary, by reason of accident, or emergency, or for repairs,
        alterations, replacements or improvements, in the judgment of Owner desirable
        or
        necessary to be made, until said repairs, alterations, replacements or
        improvements shall have been completed. If the building of which the demised
        premises are a part supplies manually operated elevator service, Owner may
        proceed diligently with alterations necessary to substitute automatic control
        elevator service without in any way affecting the obligations of Tenant
        hereunder.

       

      
        
          

        

      

      
        	
                

              	
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                  to be filled in or
                  deleted.

              

      

       

       

      
        
          
          

        

        
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    Security:

     

    

            32.
      Tenant has deposited with Owner the sum of $
      35,644.56
      as security for the faithful performance
      and observance by Tenant of the terms, provisions
      and conditions of this lease; it is agreed that in the event Tenant defaults
      in
      respect of any of the terms, provisions and conditions of this lease, including,
      but not limited to, the payment of rent and additional rent, Owner may use,
      apply or retain the whole or any part of the security so deposited to the extent
      required for the payment of any rent and additional rent or any other sum as
      to
      which Tenant is in default or for any sum which Owner may expend or may be
      required to expend by reason of Tenant’s default in respect of any of the terms,
      covenants and conditions of this lease, including but not limited to, any
      damages or deficiency in the reletting of the premises, whether such damages
      or
      deficiency accrued before or after summary proceedings or other re-entry by
      Owner. In the event that Tenant shall fully and faithfully comply with all
      of
      the terms, provisions, covenants and conditions of this lease, the security
      shall be returned to Tenant after the date fixed as the end of the Lease and
      after delivery of entire possession of the demised premises to Owner. In the
      event of a sale of the land and building or leasing of the building, of which
      the demised premises form a part, Owner shall have the right to transfer the
      security to the vendee or lessee and Owner shall thereupon be released by Tenant
      from all liability for the return of such security; and Tenant agrees to look
      to
      the new Owner solely for the return of said security, and it is agreed that
      the
      provisions hereof shall apply to every transfer or assignment made of the
      security to a new Owner. Tenant further covenants that it will not assign or
      encumber or attempt to assign or encumber the monies deposited herein as
      security and that neither Owner nor its successors or assigns shall be bound
      by
      any such assignment, encumbrance, attempted assignment or attempted
      encumbrance.

     

    Captions:

     

            33.
      The Captions are inserted only as a matter of convenience
      and for reference and in no way define, limit or describe the scope of this
      lease nor the intent of any provision thereof.

     

    Definitions:

     

            34.
      The term “Owner” as used in this lease means only
      the
      owner of the fee or of the leasehold of the building, or the mortgagee in
      possession, for the time being of the land and building (or the owner of a
      lease
      of the building or of the land and building) of which the demised premises
      form
      a part, so that in the event of any sale or sales of said land and building
      or
      of said lease, or in the event of a lease of said building, or of the land
      and
      building, the said Owner shall be and hereby is entirely freed and relieved
      of
      all covenants and obligations of Owner 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 Owner hereunder. The words “re-enter” and
“re-entry” as used in this lease are not restricted to their technical legal
      meaning. The term “rent” includes the annual rental rate whether so expressed or
      expressed in monthly installments, and “additional rent.” “Additional rent”
means all sums which shall be due to Owner from Tenant under this lease, in
      addition to the annual rental
      rate. The term “business days” as used in this lease, shall exclude Saturdays,
      Sundays and all days observed by the State or Federal Government as legal
      holidays and those designated as holidays by the applicable building service
      union employees service contract or by the applicable Operating Engineers
      contract with respect to HVAC service. Wherever it is expressly provided in
      this
      lease that consent shall not be unreasonably withheld, such consent shall not
      be
      unreasonably delayed.

     

    Adjacent
      Excavation-Shoring:

     

            35.
      If an excavation shall be made upon land adjacent
      to the demised premises, 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 demised
      premises for the purpose of doing such work as said person shall deem necessary
      to preserve the wall or the building of which demised premises form a part
      from
      injury or damage and to support the same by proper foundations without any
      claim
      for damages or indemnity against Owner, or diminution or abatement of
      rent.

     

    Rules
      and Regulations:

     

            36.
      Tenant and Tenant’s servants, employees, agents,
      visitors, and licensees shall observe faithfully,
      and comply strictly with, the Rules and Regulations annexed hereto and such
      other and further reasonable Rules and Regulations as Owner or Owner’s agents
      may from time to time adopt. Notice of any additional rules or regulations
      shall
      be given in such manner as Owner may elect. In case Tenant disputes the
      reasonableness of any additional Rule or Regulation hereafter made or adopted
      by
      Owner or Owner’s agents, the parties hereto agree to submit the question of the
      reasonableness of such Rule or Regulation for decision to the New York office
      of
      the American Arbitration Association, whose determination shall be final and
      conclusive upon the parties hereto. The right to dispute the reasonableness
      of
      any additional Rule or Regulation upon Tenant’s part shall be deemed waived
      unless the same shall be asserted by service of a notice, in writing upon Owner
      within fifteen (15) days after the giving of notice thereof. Nothing in this
      lease contained shall be construed to impose upon Owner any duty or obligation
      to enforce the Rules and Regulations or terms, covenants or conditions in any
      other lease, as against any other tenant and Owner shall not be liable to Tenant
      for violation of the same by any other tenant, its servants, employees, agents,
      visitors or licensees.

     

    Glass:

     

            37.
      Owner shall replace, at the expense of the Tenant,
      any and all plate and other glass damaged or broken from any cause whatsoever
      in
      and about the demised premises. Owner may insure, and keep insured, at Tenant’s
      expense, all plate and other glass in the demised premises for and in the name
      of Owner. Bills for the premiums therefor shall be rendered by Owner to Tenant
      at such times as Owner may elect, and shall be due from, and payable by, Tenant
      when rendered, and the amount thereof shall be deemed to be, and be paid, as
      additional rent.

     

    Estoppel
      Certificate:

     

            38.
      Tenant, at any time, and from time to time, upon at
      least
      10 days’ prior notice by Owner, shall execute,
      acknowledge and deliver to Owner, and/or to any other person, firm or
      corporation specified by Owner, a statement certifying that this Lease is
      unmodified 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),
      stating the dates to which the rent and additional rent have been paid, and
      stating whether or not there exists any default by Owner under this Lease,
      and,
      if so, specifying each such default.

     

    Directory
      Board Listing:

     

            39.
      If, at the request of and as accommodation to 
      Tenant,
      Owner shall place upon the directory board in the lobby of the building, one
      or
      more names of persons other than Tenant, such directory board listing shall
      not
      be construed as the consent by Owner to an assignment or subletting by Tenant
      to
      such person or persons.

     

    Successors
      and Assigns:

     

            40.
      The covenants, conditions and agreements contained
      in this lease shall bind and inure to the benefit
      of Owner and Tenant and their respective heirs, distributees, executors,
      administrators, successors, and except as otherwise provided in this lease,
      their assigns. Tenant shall look only to Owner’s estate and interest in the land
      and building for the satisfaction of Tenant’s remedies for the collection of a
      judgement (or other judicial process) against Owner in the event of any default
      by Owner hereunder, and no other property or assets of such Owner (or any
      partner, member, officer or director thereof, disclosed or undisclosed), shall
      be subject to levy, execution or other enforcement procedure for the
      satisfaction of Tenant’s remedies under or with respect to this lease, the
      relationship of Owner and Tenant hereunder, or Tenant’s use and occupancy of the
      demised premises.

     

    
      

    

    
      		Space to be filled in or
              deleted.

    

     

    SEE
      RIDERS ATTACHED HERETO AND MADE A PART HEREOF

     

    In
      Witness Whereof, Owner
      and
      Tenant have respectively signed and sealed this lease as of the day and year
      first above written.

     

    
      	 	 	 	 	 
	Witness
              for
              Owner:	 	 	 	
	
            	 	 	
              
TOWER
              39 ASSOCIATES LLC	 

    

     

    
      
        	 	 	 	 	 
	 	 	 	 	 
	
                

              	 	 	
                
BY:	[L.S]

      

       

      
        
          	 	 	 	 	 
	Witness
                  for
                  Tenant	 	 	 	
	 	 	 	
                  
PLATINUM
                  IT CONSULTING, INC,	 

        

      

    

    
       

      
        
          	 	 	 	 	 
	 	 	 	 	 
	
                  
 	 	 	
                  
BY:	[L.S]

        

      

      

        
          
            
            

          

          
            Page
              5 of
              6

            
              

            

          

           

        

      

    

    

      ACKNOWLEDGEMENTS

       

      CORPORATE
        TENANT 

      STATE
        OF NEW
        YORK,        
         ss.: 

      County
        of

      

      On
        this         day
        of         ,         ,
        before me
        personally
        came                                
 to
        me
        known, who being by me duly sworn, did depose and say that he resides in         that
        he
        is the             of                 the
        corporation described in and which executed the foregoing instrument, as
        TENANT;
        that he knows the seal of said corporation; that the seal affixed to said
        instrument is such corporate seal; that it was so affixed by order of the
        Board
        of Directors of said corporation, and that he signed his name thereto by
        like
        order.

       

      
        INDIVIDUAL
          TENANT

        STATE
          OF NEW YORK,      
 ss.:

        County
          of

         

        On
          this         day
          of         ,         ,
          before
          me personally
          came             to
          be
          known and known to me to be the individual described in and who,
          as
          TENANT, executed the foregoing instrument and acknowledged to me that             he
          executed the same. 

      

       

      
        	
                 

              	
                 IMPORTANT
                  - PLEASE
                  READ

              	

      

       

      RULES
        AND REGULATIONS ATTACHED TO AND

      MADE
        A PART OF THIS LEASE IN ACCORDANCE WITH ARTICLE 36.

       

      1. The
        sidewalks, entrances, driveways, passages, courts, elevators, vestibules,
        stairways, corridors or halls shall not be obstructed or encumbered by any
        Tenant or used for any purpose other than for ingress or egress from the
        demised
        premises and for delivery of merchandise and equipment in a prompt and efficient
        manner using elevators and passageways designated for such delivery by Owner.
        There shall not be used in any space, or in the public hall of the building,
        either by any Tenant or by jobbers or others in the delivery or receipt of
        merchandise, any hand trucks, except those equipped with rubber tires and
        sideguards. If said premises are situated on the ground floor of the building,
        Tenant thereof shall further, at Tenant’s expense, keep the sidewalk and curb in
        front of said premises clean and free from ice, snow, dirt and
        rubbish.

       

      2. The
        water
        and wash closets and plumbing fixtures shall not be used for any purposes
        other
        than those for which they were designed or constructed and no sweepings,
        rubbish, rags, acids or other substances shall be deposited therein, and
        the
        expense of any breakage, stoppage, or damage resulting from the violation
        of
        this rule shall be borne by the Tenant who, or whose clerks, agents, employees
        or visitors, shall have caused it.

       

      3. No
        carpet, rug or other article shall be hung or shaken out of any window of
        the
        building; and no Tenant shall sweep or throw or permit to be swept or thrown
        from die demised premises any dirt or other substances into any of the corridors
        of halls, elevators, or out of the doors or windows or stairways of the building
        and Tenant shall not use, keep or permit to be used or kept any foul or noxious
        gas or substance in the demised premises, or permit or suffer the demised
        premises to be occupied or used in a manner offensive or objectionable to
        Owner
        or other occupants of the buildings by reason of noise, odors, and or
        vibrations, or interfere in any way, with other Tenants or those having business
        therein, nor shall any bicycles, vehicles, animals, fish, or birds be kept
        in or
        about the building. Smoking or carrying lighted cigars or cigarettes in the
        elevators of the building is prohibited.

       

      4. No
        awnings or other projections shall be attached to the outside walls of the
        building without the prior written consent of Owner.

       

      5. No
        sign,
        advertisement, notice or other lettering shall be exhibited, inscribed, painted
        or affixed by any Tenant on any part of the outside of the demised premises
        or
        the building or on the inside of the demised premises if the same is visible
        from the outside of the premises without the prior written consent of Owner,
        except that the name of Tenant may appear on the entrance door of the premises.
        In the event of the violation of the foregoing by any Tenant, Owner may remove
        same without any liability and may charge the expense incurred by such removal
        to Tenant or Tenants violating this rule. Interior signs on doors and directory
        tablet shall be inscribed, painted or affixed for each Tenant by Owner at
        the
        expense of such Tenant, and shall be of a size, color and style acceptable
        to
        Owner.

       

      6. No
        Tenant
        shall mark, paint, drill into, or in any way deface any part of the demised
        premises or the building of which they form a part. No boring, cutting or
        stringing of wires shall be permitted, except with the prior written consent
        of
        Owner, and as Owner may direct. No Tenant shall lay linoleum, or other similar
        floor covering, so that the same shall come in direct contact with the floor
        of
        the demised premises, and, if linoleum or other similar floor covering is
        desired to be used an interlining of builder’s deadening felt shall be first
        affixed to the floor, by a paste or other material, soluble in water, the
        use of
        cement or other similar adhesive material being expressly
        prohibited.

       

      7. No
        additional locks or bolts of any kind shall be placed upon any of the doors
        or
        windows by any Tenant, nor shall any changes be made in existing locks or
        mechanism thereof. Each Tenant must, upon the termination of his Tenancy,
        restore to Owner 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, so furnished, such Tenant shall pay to Owner the cost
        thereof.

       

      8. Freight,
        furniture, business equipment, merchandise and bulky matter of any description
        shall be delivered to and removed from the premises only on the freight
        elevators and through the service entrances and corridors, and only during
        hours
        and in a manner approved by Owner. Owner reserves the right to inspect all
        freight to be brought into the building and to exclude from the building
        all
        freight which violates any of these Rules and Regulations of the lease of
        which
        these Rules and Regulations are a part.

       

      9. No
        Tenant
        shall obtain for use upon the demised premises ice, drinking water, towel
        and
        other similar services, or accept barbering or bootblacking services in the
        demised premises, except from persons authorized by Owner, and at hours and
        under regulations fixed by Owner. Canvassing, soliciting and peddling in
        the
        building is prohibited and each Tenant shall cooperate to prevent the
        same.

       

      10. Owner
        reserves the right to exclude from the building all persons who do not present
        a
        pass to the building signed by Owner. Owner will furnish passes to persons
        for
        whom any Tenant requests same in writing. Each Tenant shall be responsible
        for
        all persons for whom he requests such pass and shall be liable to Owner for
        all
        acts of such persons. Notwithstanding the foregoing, Owner shall not be required
        to allow Tenant or any person to enter or remain in the building, except
        on
        business days from 8:00 a.m. to 6:00 p.m. and on Saturdays from 8:00 a.m.
        to
        1:00 p.m. Tenant shall not have a claim against Owner by reason of Owner
        excluding from the building any person who does not present such
        pass.

       

      11. Owner
        shall have the right to prohibit any advertising by any Tenant which in Owner’s
        opinion, tends to impair the reputation of the building or its desirability
        as a
        loft building, and upon written notice from Owner, Tenant shall refrain from
        or
        discontinue such advertising.

       

      12. Tenant
        shall not bring or permit to be brought or kept in or on the demised premises,
        any inflammable, combustible, or explosive, or hazardous fluid, material,
        chemical or substance, or cause or permit any odors of cooking or other
        processes, or any unusual or other objectionable odors to permeate in or
        emanate
        from the demised premises.

       

      13. Tenant
        shall not use the demised premises in a manner which disturbs or interferes
        with
        other Tenants in the beneficial use of their premises.

       

      Address
        589 8TH AVENUE, NEW YORK, NY 10018

       

      Premises ENTIRE
        18TH
        FLOOR

      
        

        

      

      TOWER
        39 ASSOCIATES LLC

      TO

      PLATINUM
        IT CONSULTING

      
        

        

      

      STANDARD
        FORM OF

       

      
        
          	
                   

                	
                  Loft
                    Lease 

                  

                	

        

         

      

      The
        Real Estate Board of New York, Inc.

      ©
        Copyright 1994. All rights Reserved.

      Reproduction
        in whole or in
        part
        prohibited.

      
        

        

      

      Dated
        JANUARY 25 2005

       

      Rent
        Per
        Year SEE ARTICLE #43

       

      Rent
        Per
        Month SEE ARTICLE #43

       

      Term
        FIVE (5) YEARS AND THREE (3) MONTHS 

      From
        MARCH 1, 2005 

      To
        MAY 31, 2010

       

      Drawn
        by
        ______________________________

      Checked
        by ____________________________

      Entered
        by _____________________________

      Approved
        by___________________________

       

      
        

        

      

      
        
          
          

        

        
          Page
            6 of
            6

          
            

          

        

        
          
          

        

      

       

    

    41.
      Electric

     

    The
      Landlord shall supply electric current to the demised premises on a submetered
      basis and the Tenant shall pay the Landlord or the Landlord’s designated agent,
      as additional rent for the supplying of electric current on a submetered basis,
      at the rate the Landlord pays the Public Utility plus Twelve (12%) Percent.
      The
      rate is defined as including energy charges, demand charges, fuel adjustment
      charges, rate adjustment charges, sales taxes where applicable, and/or any
      other
      factors used by the public utility in computing its charges to the Landlord,
      applied to the kilowatt hours purchased by Landlord during a given bill period.
      Where more than one meter measures the service of Tenant, the service rendered
      through each meter may be computed and billed separately in accordance with
      the
      rates herein. Bills therefor shall be rendered at such times as Landlord may
      elect and the amount shall be deemed to be, and be paid as, additional rent.
      In
      the event that such bills are not paid within five (5) days after the same
      are
      rendered, Landlord may, without further notice, discontinue the service of
      electric current to demised premises without releasing Tenant from any liability
      under this lease and without Landlord or Landlord’s agent incurring any
      liability for any damage or loss sustained by Tenant by such discontinuance
      of
      service. At the option of Landlord, Tenant also agrees to purchase from Landlord
      or its agent all lamps or bulbs used in the demised premises and to pay for
      cost
      of installation thereof. Landlord shall not in any wise be liable or responsible
      to Tenant for any loss or damage or expense which Tenant may sustain or incur
      if
      either the quantity or character of electric service is changed or is no longer
      available or suitable for Tenant’s requirements. In the event that in the
      Landlord’s sole judgment the Tenant’s electrical requirements necessitate the
      installation of any additional riser, risers or other proper and necessary
      equipment in connection with the Tenant’s electrical requirements, the same
      shall be installed by the Landlord at the Tenant’s sole expense. Rigid conduit
      only will be allowed. Tenant agrees that at all times its use of electric
      current shall never exceed the capacity of existing feeders to the building
      or
      the risers or wiring installations. It is further agreed by Tenant that all
      of
      the aforesaid costs and expenses are chargeable and collectible as additional
      rent and shall be paid by Tenant to Landlord within five (5) days after
      rendition of any bill or statement to Tenant therefor. Landlord may discontinue
      any of the aforesaid services upon thirty (30) days notice to Tenant without
      being liable to Tenant therefor or without in any way affecting this lease
      or
      the liability of Tenant hereunder or causing a diminution of rent and the same
      shall not be deemed to be a lessening or diminution of services within the
      meaning of any law, rule or regulation now or hereafter enacted, promulgated
      or
      issue. In the event Landlord gives such notice of discontinuance Landlord shall
      permit Tenant to receive such service direct from the public utility corporation
      upon condition that the Tenant shall at its sole expense entirely segregate
      the
      Tenant’s electrical system so that the same is in no way dependent upon or
      connected to the circuits or distribution facilities of the Landlord or any
      other Tenant and that upon vacating the demised premises, Tenant will restore
      at
      its sole expense same to the condition existing prior to such segregation.
      Tenant shall make no electrical installations, alterations, additions or changes
      to electrical equipment or appliances without the prior written consent of
      the
      Landlord in each instance, which consent will not unreasonably be withheld.
      Tenant will comply with the General Rules, Regulations, Terms and Conditions
      applicable to Service, Equipment, Wiring and Changes in Requirements in
      accordance with the requirements of the public utility supplying electricity
      to
      the building in the same manner as if the Tenant was serviced directly by such
      utility. If any tax is imposed upon Landlord’s receipt from the sale or resale
      of electrical energy or gas or telephone service to Tenant by any Federal,
      State
      or Municipal Authority, Tenant agrees that, where permitted by law, Tenant’s
      pro-rata share of such taxes shall be passed on to, and included in the bill
      of,
      and paid by, Tenant to Landlord.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    42.
      ESCALATION-INCREASE IN REAL ESTATE TAXES

     

    The
      parties hereto, recognizing the sharp increase in taxes and other expenses,
      and
      anticipating the continuation to such pattern, desire to set forth a fair and
      equitable method of defraying and absorbing such increases between Landlord
      and
      Tenant. Tenant, therefore, agrees to pay Landlord, as additional rent, its
      share
      of any such increase as follows:

     

    A. As
      used
      in this Article, the following definitions shall apply:

     

    1.
      “Taxes” as used herein shall mean the aggregate of the following
      items:
      (a) real estate taxes, (b) assessments (including without limitation,
      assessments for public improvements or benefits whether or not commenced or
      completed during the term of this lease, and (c) any tax or assessment levied,
      assessed or imposed against such land and/or Building or the rents or profits
      therefrom or any other charge or levy made by a taxing authority to the extent
      that the same shall be in lieu of all or any portion of any item set forth
      herein.

     

    2. “Base
      Year” shall mean the Calendar year commencing January 1, 2005 and ending
      December 31, 2005.

     

    3. “Base
      Tax” shall mean the amount of Taxes, as finally determined, payable by Landlord
      during the Base Year.

     

    4. “Tenant’s
      Proportionate Share” shall be 4.25% of any increase
      in Taxes over the Taxes in the Base Year. Such share has been calculated
      uniformly throughout the building.

     

    B. Tenant
      covenants and agrees to pay, in each and every fiscal year commencing July
      1 and
      ending June 30 during the term of this lease and any and all renewals,
      extensions and modifications thereof, Tenant’s Proportionate Share.

     

    C. Tenant’s
      Proportionate Share shall be due and payable within ten (10) days after Landlord
      shall have delivered to Tenant a statement setting forth the amount of Tenant’s
      Proportionate Share and the basis therefor. Bills for such Taxes shall be
      sufficient evidence of amount, for the purpose of calculating Tenant’s
      Proportionate Share. In the event Tenant fails to pay Tenant’s Proportionate
      Share when due, the Landlord shall be entitled, with respect thereto, to any
      and
      all remedies to which Landlord may be entitled under this lease for default
      in
      the payment of rent. The failure of Landlord to bill Tenant for Tenant’s
      Proportionate Share in any fiscal year shall not prejudice the right of Landlord
      to subsequently bill Tenant for such fiscal year or any subsequent fiscal
      year.

     

    D. In
      the
      event Base Tax is reduced as a result of any appropriate proceeding, such
      reduced liability as finally fixed shall be regarded as the Base Tax and
      Landlord shall have the right to adjust the amount due from Tenant in any year
      in which Tenant is or was obligated to pay Tenant’s Proportionate Share, and
      Tenant agrees to pay the amount of such adjustment on the rent installment
      day
      next following receipt of a written statement from Landlord setting forth the
      amount and basis of such adjustment. In the event Landlord shall receive a
      refund of Taxes for any year during which Tenant has paid Tenant’s Proportionate
      Share, as above provided, the proceeds of such refund, less reasonable legal
      fees actually paid and other expenses incurred in collecting the same, shall
      be
      applied and allocated to the periods for which the refund was obtained and
      appropriate adjustment shall be made between Landlord and Tenant.

     

    E. With
      respect to any period at the expiration of the term of this lease which shall
      constitute a partial fiscal year, Landlord’s statement shall apportion the
      amount due hereunder. The obligation of Tenant, with respect to Tenant’s
      Proportionate Share applicable for the last year of the term of this lease,
      or
      part thereof, shall survive the expiration, or sooner termination, of the term
      of this lease.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    43. Annual
      Rental

     

    Tenant
      warrants, covenants and agrees to pay rent to the Landlord in advance on the
      first day of each and every month as follows:

    

    
      	
              $103,500.00
                per annum,

            	
              $8,625.00
                per month,

            	
              3/1/05-2/28/06

            
	
              $106,087.50
                per annum,

            	
              $8,840.63
                per month,

            	
              3/1/06-2/28/07

            
	
              $108,739.69
                per annum,

            	
              $9,061.64
                per month,

            	
              3/1/07-2/29/08

            
	
              $111,458.18
                per annum,

            	
              $9,288.18
                per month,

            	
              3/1/08-2/28/09

            
	
              $114,244.63
                per annum,

            	
              $9,520.39
                per month,

            	
              3/1/09-2/28/10

            
	
              $117,100.75
                per annum,

            	
              $9,758.40
                per month,

            	
              3/1/10-5/31/10

            

    

     

    44. ESCALATION-UTILITY
      INCREASES

     

    A. For
      the
      purposes of this Article only, the following words and terms shall have the
      following meanings:

     

    l-“Fuel
      Cost” shall
      mean Landlord’s actual out-of-pocket cost for all fuel (including, but not
      limited to, oil, steam, gas and coal) delivered to the Building for its
      use.

     

    2-“Utility
      Cost” shall mean the Fuel Cost.

     

    3-“Base
      Year” shall mean the calendar year 2005.

     

    4-“Comparison
      Year” shall mean the twelve (12) month period commencing on the first
      (lst)
      day of
      the calendar month immediately following the end of the Base Year and each
      successive twelve (12) month period in which occurs any part of the term of
      this
      Lease.

     

    5-“Tenant’s
      Share” shall mean 4.25%.

     

    B. If
      the
      Utility Cost for any Comparison Year exceeds the Utility Cost for the Base
      Year,
      Tenant shall pay to Landlord, as additional rent, Tenant’s share of the excess.
      Such additional rent shall be due and payable within twenty (20) days after
      Landlord shall have furnished Tenant with the statement provided for in
      Paragraph C of this Article. Tenant’s obligation to pay the amount herein
      provided for shall survive the expiration or earlier termination of this Lease.
      The amount due and payable by Tenant for any partial Comparison Year shall
      be
      appropriately prorated.

     

    C. After
      the
      Base Year, Landlord shall furnish Tenant with a statement of the Base Year
      Utility Cost. Thereafter, Landlord shall furnish to Tenant a statement of the
      Utility Cost (the “Utility Statement”) for each Comparison Year and a
      computation of the amounts payable by Tenant pursuant to Paragraph B, D and
      E of
      this Article.

     

    D. During
      the first Comparison Year, Tenant shall pay to Landlord, on account of the
      amount due and payable by Tenant pursuant to this Article, Tenant’s Share of the
      quotient obtained by dividing ten (10%) percent of the Base Year Utility Cost
      by
      twelve (12). Such payments shall be deferred until Landlord furnishes Tenant
      with a statement of the Base Year Utility Cost, whereupon Tenant shall promptly
      pay all deferred payments and commence such payments. During each succeeding
      Comparison Year, Tenant shall pay to Landlord, on account of the amount due
      and
      payable by Tenant pursuant to Paragraph B of this Article, one-twelfth (1/12)
      of
      Tenant’s Share of the Utility Cost for the prior Comparison Year, plus an
      additional ten (10%) percent of such one twelfth (1/12/). However, until
      Landlord furnishes Tenant with the applicable Utility Statement for the
      preceding Comparison Year, Tenant shall continue to pay to Landlord the amount
      of the monthly payment due and payable pursuant to this Paragraph D during
      the
      last calendar month of the preceding Comparison Year, plus an additional ten
      (10%) percent of such amount.

     

    E.
      If the
      payments made by Tenant pursuant to Paragraph D of This Article for a Comparison
      Year exceed the amount payable to Landlord for such Comparison Year pursuant
      to
      Paragraph B of this Article, such excess shall, at the option of the Landlord,
      either be paid to Tenant or be credited (without interest) against the next
      ensuing payments of Rent, except that if no such payments shall be due or
      becoming due, such excess shall be paid (without interest) by Landlord to
      Tenant. If the amount payable by Tenant for such Comparison Year pursuant to
      Paragraph B of this Article exceeds the payments made by Tenant pursuant to
      Paragraph D of this Article, Tenant shall pay the difference within ten (10)
      days after the Landlord furnishes Tenant with a Utility Statement for such
      Comparison Year.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    45. It
      is
      specifically understood and agreed that this Lease is offered to Tenant for
      signature by the Managing Agent of the building solely in its capacity as such
      agent and subject to Landlord’s acceptance and approval, and that Tenant shall
      have affixed its signature hereto with the understanding that such act shall
      not
      in any way bind Landlord or its Agent until such time as this Lease shall have
      been approved and executed by Landlord or its agent and delivered to
      Tenant.

     

    46. Whenever
      Tenant shall submit to Landlord any plan, agreement, or other document for
      Landlord’s consent or approval, and Landlord shall require the expert opinion of
      Landlord’s counsel or architect as to the form or substance thereof, Tenant
      agrees to pay the reasonable fee of such architect and/or such counsel for
      reviewing the said plan, agreement, or document.

     

    47. In
      the
      event the rent or any part thereof provided to be paid by Tenant under the
      provisions of this Lease during the demised term shall become uncollectible
      or
      shall be reduced or required to be reduced or refunded by virtue of any Federal,
      State, County or City Law, order or regulation, or by any direction of a public
      officer or body pursuant to law, or the orders, rules, code, or regulations
      of
      any organization or entity formed pursuant to law, whether such organization
      or
      entity be public or private, then Landlord, at its option, may at any time
      thereafter terminate this lease, by not less than thirty (30) days’ written
      notice to Tenant on a date set forth in said notice, in which event this lease
      and the term hereof shall terminate and come to an end on the date fixed in
      said
      notice as if the said date were the date originally fixed herein for the
      termination of the demised term. Landlord shall not have the right to so
      terminate this lease if Tenant within such period of thirty (30) days shall
      in
      writing lawfully agree that the rental herein reserved is a reasonable rental
      and agree to continue to pay said rental, and if such agreement by Tenant shall
      then be legally enforceable by Landlord. Tenant agrees, within ten (10) days
      after demand by Landlord to execute any such agreement.

     

    48. Tenant
      acknowledges that possession of the demised premises must be surrendered to
      Landlord at the expiration or sooner termination of the term of this lease.
      Tenant agrees to indemnify and save Landlord harmless against costs, claims,
      loss or liability resulting from delay by Tenant in so surrendering the demised
      premises, including, without limitation, any claims made by any succeeding
      Tenant founded on such delay. The parties recognize and agree that the damage
      to
      Landlord resulting from any failure by Tenant timely to surrender possession
      of
      the demised premises as aforesaid will be extremely substantial, will exceed
      the
      amount of monthly rent theretofore payable hereunder, and will be impossible
      of
      accurate measurement. Tenant therefore agrees that if possession of the demised
      premises is not surrendered to Landlord within seven (7) days after the date
      of
      the expiration or sooner termination of the term of this lease, then Tenant
      agrees to pay Landlord as liquidated damages for each month and for each portion
      of any month during which Tenant holds over in the premises after expiration
      or
      termination of the term of this lease, a sum equal to three times the average
      rent and additional rent which was payable per month under this lease during
      the
      last six months of the term thereof. The aforesaid provisions of this article
      shall survive the expiration or sooner termination of the term of this
      lease.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    49. If
      Landlord, as a result of a default by Tenant of any of the provisions of this
      lease, including the covenants to pay rent and/or additional rent, makes any
      expenditures or incurs any obligations for the payment of money, including
      but
      not limited to attorney’s fees, in instituting, prosecuting or defending any
      action or proceeding, such sums so paid or obligations so incurred with interest
      and costs shall be deemed to be additional rent hereunder and shall be paid
      by
      Tenant to Landlord within five (5) days of rendition of any bill or statement
      to
      Tenant therefore, and if Tenant’s lease term shall have expired at the time of
      making such expenditure or incurring such obligations, such sum shall be
      recoverable by Landlord as damages.

     

    50. Where,
      after the demised premises or a part have been damaged by fire or other
      casualty, Landlord has elected not to terminate this lease, Tenant shall
      cooperate with Landlord’s restoration by removing from the premises as promptly
      as reasonably possible, all Tenant’s salvageable inventory and moveable
      equipment, furniture and other property. Tenant’s liability for rent shall
      resume five (5) days after Landlord’s restoration work shall have been
      substantially completed.

     

    51. Notwithstanding
      anything to the contrary provided in this lease, regardless of the nature or
      ground of any summary proceeding brought by the Landlord to recover possession
      of the demised premises, Tenant will not interpose any counterclaim of whatever
      nature or description in any such proceeding. Nothing herein shall be deemed
      to
      prohibit Tenant from bringing a separate action against Landlord on account
      of
      any claim which Tenant may have against Landlord, provided however, that Tenant
      agrees that Tenant, in the prosecution of any such claim shall make no motion
      or
      otherwise request any court in which such claim is sought to be asserted, to
      join any such claim and any proceeding instituted by Landlord to recover
      possession of the demised premises in any trial, or make any motion to otherwise
      seek to have any such proceeding instituted by Landlord and any action or
      proceeding commenced by Tenant by reason of such claim of Tenant tried
      simultaneously in any court.

     

    52. Tenant
      acknowledges that Tenant has been advised that all checks sent to Landlord
      for
      payment of rent or other charges hereunder are usually deposited to a “Lock Box”
in Landlord’s bank and are automatically processed by such bank. If such check
      is made by someone other than Tenant, and is so processed by the bank, it shall
      be deemed to be payment for the account of the Tenant herein and shall not
      be
      deemed to be a recognition or acceptance of the maker of such rent as Tenant,
      Assignee of this lease or Subtenant hereunder nor as a consent by the Landlord
      to an assignment or subletting by the Tenant to such maker, or as a modification
      of the provisions of this lease.

     

    53. Any
      rent,
      additional rent, fees, charges or expenses hereunder shall be paid by Tenant
      pursuant to the terms of this lease. However, in the event that Tenant is in
      default in payment of any rent, additional rent, fees, charges or expenses,
      Landlord shall have the right to apply any payment received from Tenant
      hereunder, regardless of any annotation or demand for specific application
      on
      the part of Tenant, to any rent, additional rent, fees, charges or expenses
      which are in arrears. The application of the payment shall be made in the sole
      discretion of Landlord, so long as the payment is applied to the payment of
      money due and owing by Tenant to Landlord hereunder.

     

    54. Tenant
      hereby agrees to save Landlord harmless and indemnified from all injury, loss,
      claims or damage to any person or property, while on the demised premises or
      the
      building arising from, related to, or connected with the conduct and operating
      of Tenant’s business in the demised premises or caused by actions of Tenant, its
      agents, servants and contractors. Tenant shall maintain in responsible companies
      approved by Landlord, liability insurance with contractual liability endorsement
      covering the aforesaid indemnity, insuring Landlord and Tenant (as their
      interests may appear) against all claims, demands or actions for personal injury
      or ‘ death or property damage in an amount of not less than $1,000,000 for any
      one occurrence made by or on behalf of any person or persons, firm or
      corporation, arising from, related to, or connected with the conduct and
      operating of Tenants business in the demised premises, or caused by actions
      of
      Tenant, its agents, servants and contractors.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Said
      insurance shall be carried in favor of Landlord and Tenant, as their respective
      interests may appear, shall be in form satisfactory to Landlord and shall
      provide that it shall not be subject to cancellation, termination or change
      except after at least 30 days’ prior written notice to Landlord, and the policy
      or policies, or duly executed certificate or certificates for the same, together
      with satisfactory evidence of the payment of the premium thereon, shall be
      deposited with Landlord before the commencement of the term of the lease and
      upon renewals of such policies not less than 30 days prior to the expiration
      of
      the term of such coverage. If Tenant fails to comply with each and every
      requirement of this Article #54 (including, without limitation, those as to
      policy provisions), Landlord may obtain such insurance and keep the same in
      effect, and Tenant shall pay Landlord the premium cost thereon upon demand
      as
      additional rent, but, notwithstanding the foregoing, should Tenant fail to
      comply with each and every requirement of this Article #54 and thereby Landlord
      suffers any injury, loss, claim, or damage for whatever reason which it would
      not have suffered if Tenant had so complied, Tenant shall be liable to Landlord
      in the amount of the injury loss, claim, or damage so suffered which would
      not
      have been suffered if Tenant had so complied.

     

    55.
      Anything herein contained to the contrary notwithstanding. Landlord shall not
      unreasonably withhold consent to an assignment of this lease or to a subletting
      of all or a portion of the premises which shall not exceed 40% of the entire
      premises, provided that:

     

    A. INTENTIONALLY
      DELETED

     

    B. Tenant
      agrees to pay a commission computed in accordance with the commission rates
      of
      Newmark & Co. Real Estate, Inc. then in effect, to Newmark & Co. should
      Newmark procure a subtenant or assignee.

     

    C. Any
      Such
      assignment or subletting shall be made solely upon the following terms and
      conditions:

     

    1.
      (a) No
      subletting or assignment shall be effective unless and until Tenant shall have
      given Landlord at least thirty (30) days’ prior written notice of such proposed
      bona fide assignment or subletting. The parties agree that Landlord shall
      thereupon have the option, exercisable by written notice within thirty (30)
      days
      after receipt of the notice from Tenant to terminate this lease effective as
      of
      the commencement date of the term of such proposed assignment or subletting.
      If
      Landlord shall so terminate this lease, then Tenant shall vacate and surrender
      the demised premises to Landlord on or before the date fixed in the Landlord’s
      termination notice.

     

    (b)
      In
      the event Landlord shall elect not to terminate this lease pursuant to the
      provisions of this Article, Landlord shall have the right, upon five (5) days’
prior written notice to Tenant, to require Tenant thereafter to pay to Landlord
      a sum equal to (i) 50% of any rent or other consideration paid to Tenant by
      any
      subleases which is in excess of the rent then being paid by Tenant to Landlord
      pursuant to the terms hereof after deducting any rent concession given by Tenant
      to subtenant, and (ii) and other profit or gain realized by Tenant from any
      such
      subletting or assignment. All sums payable hereunder by Tenant shall be paid
      to
      Landlord as additional rent immediately upon receipt thereof by
      Tenant.

     

    2.
      At
      least twenty (20) days prior to the commencement of the term of any such
      proposed subletting and at least ten (10) days prior to the effective date
      of
      any such proposed assignment, Tenant shall deliver to Landlord a statement
      containing the name and address of the proposed sublessee or assignee and a copy
      of sublease or assignment.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      3. There
        shall be no default by Tenant under and of the terms, covenants and conditions
        of the lease at the time that Landlord’s consent to any such subletting or
        assignment is requested and on the date of the commencement of the term of
        any
        such proposed sublease or the effective date of any such proposed
        assignment.

       

      4. Upon
        receiving Landlord’s written consent a duly executed copy of the sublease or
        assignment shall be delivered to Landlord within ten (10) days after execution
        thereof. Any such sublease shall provide that the sublessee shall comply
        with
        all applicable terms and conditions of this lease to be performed by the
        Tenant
        hereunder. Any such assignment of lease shall contain an assumption by the
        assignee of all the terms and obligations of this lease to be performed by
        the
        Tenant.

       

      5. In
        the
        event that Landlord grants its consent to sublease or assignment of the lease
        it
        is agreed that the base rent for the balance of the lease term and renewal
        option period if any is increased by 10% per annum payable monthly starting
        with
        the first month rent due after granting consent to the assignment. The 10%
        increase because of assignment shall also apply to each and every additional
        assignment granted. Any change in the corporate offices and stockholders
        must be
        reported to the Landlord together with their names and addresses and this
        shall
        be deemed an assignment within the terms of this paragraph requiring the
        Landlord consent and subject to the charge of 10% increase in the base rent.
        All
        additional rents shall continue to be payable in addition to the increased
        base
        rent as provided in the lease.

       

      6. In
        the
        event of an assignment of the Lease which is approved by Landlord as provided
        for herein, the Tenant shall be released from further liability under the
        Lease
        provided the assignee’s net worth is either equal to or greater than the
        Tenant’s at the time of the assignment.

       

      7. Notwithstanding
        anything to the contrary contained herein, Tenant may assign this lease,
        or
        sublease the entire premises without Landlord’s consent but upon written notice
        to Landlord, to any corporation or other entity which controls, is controlled
        by
        or is under common control with Tenant, including, without limitation, any
        parent or operating subsidiary of Tenant or subsidiary of any parent of Tenant,
        or to any corporation or other entity resulting from the merger or consolidation
        with Tenant or with which Tenant may consolidate or merge, or to any person
        or
        entity which acquires all or substantially all of the assets of Tenant and
        which
        have at least equal net worth of Tenant herein immediately prior to such
        transaction.

       

      D.
        Anything herein contained to the contrary notwithstanding:

       

      1. Tenant
        shall not advertise or list its space for assignment or subletting at a rental
        rate lower than the rental rate then being paid by Tenant to Landlord. Any
        proposed assignment or subletting agreement shall be at a rental rate no
        less
        than the rental rate then being paid by Tenant to Landlord.

       

      2. The
        transfer of a majority of the issued and outstanding capital stock of any
        corporate tenant of this lease or a majority of the total interest in any
        partnership Tenant whether effected by operation of law or otherwise shall
        be
        deemed an assignment of this lease.

       

      3. No
        assignment or subletting shall be made:

      

      (a) To
        any
        person or entity which shall at that time be a Tenant, subtenant or other
        occupant of any part of the building of which the demised premises form a
        part:

       

      (b) Until
        Tenant shall have been in possession of the demised premises for at least
        one
        (1) year after the date on which rent commences pursuant to the terms of
        this
        lease:

       

      (c) By
        the
        legal responsibilities of the Tenant or by any person to whom the Tenant’s
        interest under this lease passes by operation of law; and

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (d)
         To
        any
        person or entity for the conduct of a business which is not in keeping with
        the
        standard for and general character of the building of which the demised premises
        form a part, or to any person or entity for the conduct of a business which
        is
        not the same type of business as conducted by the Tenant in the demised
        premises.

       

      4.
        No
        other or further assignment or subletting shall be made except in compliance
        with the provisions of this Article.

       

      56.
        ENVIRONMENTAL
        LAW PROVISION

       

      A. Definitions

       

      (1)
        “Environmental Law” shall mean any and all federal, state and local statutes,
        laws, regulations, ordinances, codes, licenses and permits relating to toxic
        and
        hazardous substances or air or water quality, including, but not limited
        to, the
        Clean Air Act, the Hazardous Materials Transportation Act, the Federal Water
        Pollution Control Act, the Resource Conservation and Recovery Act, the
        Comprehensive Environmental Response, compensation and Liability Act, the
        Toxic
        Substances Control Act, the Superfund Amendments and Reauthorization Act,
        the
        New York Environmental Conservation Law and New York City Local Laws 70 and
        76.

       

      (ii)
        “Hazardous Materials” shall mean any and all hazardous or toxic materials,
        substances, pollutants, contaminants and wastes and all elements and compounds,
        including but not limited to, ambient air and water, subject to any
        Environmental Law.

       

      B. Representation,
        Warranties and Covenants

       

      The
        Tenant represents, warrants and covenants as follows:

       

      (i)
        Tenant will not use or permit others to use Hazardous Materials at of affecting
        the demised premises in any manner which fails to comply with any Environmental
        Law;

       

      (ii)
        Tenant will keep or cause the demised premises to be kept free of Hazardous
        Materials except in compliance with any and all Environmental Laws;

       

      (iii)
        Tenant will comply with and will ensure compliance by all operators and
        occupants of the demised premises with all applicable Environmental
        Laws;

       

      (iv)
        Tenant will obtain and comply with all permits, certificates, licenses and
        other
        consents and approvals with respect to the demised premises and/or the conduct
        of any business thereat or related thereto required by any and all Environmental
        Laws;

       

      (v)
        Tenant will promptly notify the Landlord of any failure to comply with any
        Environmental Law at or affecting the demised premises or any fact or any
        condition which, if not remedied may result in such failure to comply of
        which
        Tenant has actual knowledge or as to which Tenant has received notice, and
        Tenant will promptly and at its expense clean up, fix and/or remove such
        non-compliance or condition in accordance with the provisions of the applicable
        Environmental Law and will perform all preventative or remedial work, repairs,
        construction or other action required by such Environmental Law.

       

      (vi)
        Tenant will defend, indemnify and hold harmless the Landlord from and against
        any and all liabilities, losses, damages, fines, penalties, claims, settlements,
        costs and expenses of whatever kind or nature, known or unknown, contingent
        or
        otherwise, including but not limited to legal fees and disbursements (a)
        arising
        out of, based upon, result from or in any way related to any environmental
        Law
        affecting the demised premises or

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

      (b)
        suffered or incurred by the Landlord reason of or in connection with any
        breach
        of any warranty or covenant in this Lease with respect to any Environmental
        Law.

       

      C.
        LANDLORD’S
        REMEDIES

       

      (i)
        In
        the event that the Landlord reasonably believes that there exists, on or
        affecting the demised premises, any noncompliance with any Environmental
        Law or
        any fact or condition which, if not remedied, may result in such non-compliance,
        Landlord may conduct or cause to be conducted or require the Tenant to conduct
        or cause to be conducted any inspections, tests and/or studies, including
        but
        not limited to an environmental audit and risk assessment prepared by an
        independent engineering firm or other environmental audit manger, which
        Landlord, in its sole discretion, may deem necessary or appropriate to assure
        itself with respect to such compliance or condition. The costs and expenses
        of
        all such assurances shall be paid by the Tenant, and the Landlord, in its
        sole
        discretion, may charge and collect such costs and expenses as additional
        rent
        under this Lease.

       

      (ii)
        In
        the event that Tenant breaches any of the warranties and covenants with respect
        to Environmental Law set forth hereinabove and fails to promptly remedy such
        breach. Landlord may, at its option, and in addition to all other remedies
        available to it under this lease and under the law, take any and all actions
        as
        Landlord in its sole discretion may deem necessary or appropriate to remedy
        such
        breach and to assure compliance with any and all Environmental Laws. The
        Landlord shall recover from the Tenant the costs of all such
        actions.

       

      D.
        SURVIVAL:

       

      The
        provisions of this Article shall survive the termination of this
        lease.

       

      57.
        Tenant covenants and agrees, at its sole cost and expense, to comply with
        all
        present and future laws, orders and regulations of all state, federal, municipal
        and local governments, departments, commissions and boards regarding the
        collection, sorting, separation and recycling of waste products, garbage
        refuse
        and trash. Tenant shall sort and separate such waste products, garbage, refuse
        and trash into such categories as provided by law. Each separately sorted
        category of waste products, garbage and trash shall be placed in separate
        receptacles reasonably approved by Landlord. Such separate receptacles may
        at
        the Landlord’s option be removed from the demised premises in accordance with a
        collection schedule prescribed by law. Landlord reserves the right to refuse
        to
        collect or accept from Tenant any waste products, garbage, refuse or trash
        which
        is not separated and sorted as required by law and to require Tenant to arrange
        for such collection, at Tenant’s sole cost and expense utilizing a contractor
        satisfactory to Landlord. Tenant shall pay all costs, expenses, fines, penalties
        or damages which may be imposed on Landlord or Tenant by reason of Tenant’s
        failure to comply with the provisions of this article, and, at Tenant’s sole
        cost and expense, shall indemnify, defend and hold Landlord harmless (including
        legal fees and expenses) from and against any action, claims and suits arising
        from such non-compliance, utilizing counsel reasonably satisfactory to
        Landlord.

       

      58.
        Landlord and Tenant acknowledge that it is the responsibility of Landlord
        to
        generate sufficient heating so that the demised premises, during normal business
        hours, would under normal circumstances have a minimum temperature set forth
        by
        New York City Law. However, Landlord and Tenant further acknowledge that
        by
        virtue of the manner of Tenants usage of the premises, specifically Tenants
        opening and closing of freight doors on ground floors and/or hallway doors
        on
        upper floors during course of the business day, it may be impossible to maintain
        the average minimum temperature required. If the average minimum temperature
        in
        the building satisfies the requirements set forth by the New York City Law,
        the
        Tenant acknowledges sufficient heat has been provided by the Landlord and
        additional requirements for heat by Tenant would be at Tenant’s sole cost and
        expense.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      59.
        AIR CONDITIONING

       

      Tenant
        shall be permitted the use of and to operate the air conditioning equipment
        serving the demised premises (the “Air Conditioning Unit”), which Landlord
        agrees to deliver to Tenant in good working order. Tenant acknowledges and
        agrees that the Air Conditioning Unit is Landlord’s property; however, Tenant
        shall at all times during the term of this lease nevertheless at its own
        expense, keep, maintain, and repair, restore and replace the Air Conditioning
        Unit and all of the ducts, dampers, registers, grilles and appurtenances
        utilized in connection therewith; and, in addition, Tenant shall at all times
        during the term hereof contract for and maintain regular service of said
        Air
        Conditioning Unit and related equipment with a recognized maintenance company
        and shall forward to Landlord duplicate executed original copies of such
        contract and all renewals and modifications thereof. Said contract shall
        include
        the thorough overhauling of the system at least once a year and shall be
        kept in
        full force and effect during the term of this Lease by Tenant. If Tenant
        fails
        to make such repairs, restoration or replacements to, and maintain, such
        Air
        Conditioning Unit and related equipment; or if Tenant fails to obtain or
        keep
        the aforesaid service contract in force and effect, the same may be made,
        performed, obtained or maintained by Landlord at the expense of Tenant and
        such
        expense shall be collectible as additional rent and shall be paid by Tenant
        within 15 days after rendition of a bill therefor. Any restoration or
        replacement of all or any part of the Air Conditioning Unit and related
        equipment shall be in quality and class equal to the original work of
        installations. It is further understood that said unit has a one (1) year
        warranty from the date of installation and thereafter, Tenant shall be
        responsible, at its own expense, to obtain and secure all necessary annual
        permits and fees related to said air conditioning equipment.

       

      60. The
        words
        Owner, Landlord and Lessor have been used interchangeably in this lease and
        shall be deemed to have the same meaning. The words Tenant and Lessee have
        also
        been used interchangeably in this lease and shall also be deemed to have
        the
        same meaning.

       

      61. Tenant
        represents and warrants that it has dealt with no broker except NEWMARK &
COMPANY REAL ESTATE, INC, and CB RICHARD ELLIS (the “Brokers”) in connection
        with the execution of this Lease or the showing of the demised premises and
        agrees to hold and save Landlord harmless from and against any and all
        liabilities from any claims of any broker (including, without limitation,
        the
        cost of counsel fees in connection with the defense of any such claims) except
        the Broker. As a result of Tenants’ acts, Newmark & Co. similarly warrants
        that it has dealt with no other brokers with respect to this
        transaction.

       

      62. The
        Tenant covenants and agrees, in a manner reasonably satisfactory to the Landlord
        and under the supervision of the Landlord or its agent, to install all its
        machinery on suitable foundation so as to absorb or prevent any objectionable
        vibration or noise; and also to install suitable skids under any and all
        machinery requiring same in order to evenly distribute the weight of same.
        Upon
        the failure of the Tenant to properly install its machinery in accordance
        with
        the provisions of this clause, the Landlord may, ten (10) days after notice
        in
        writing to the Tenant to that effect and upon failure of the Tenant, to make
        proper installation within such ten day period, make such proper installation
        and charge the cost thereof to the Tenant, such charge to be considered to
        be
        and be collectible as additional rent.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    63. Tenant
      agrees to accept demised premises in its “as is” condition. Tenant understands
      and agrees that no materials whatever are to be furnished by Landlord and no
      work whatever is to be performed by Landlord in connection with the demised
      premises or any part thereof, except for the workletter attached hereto and
      made
      a part hereto.

     

    64. Notwithstanding
      anything to the contrary hereinabove contained, so long as Tenant shall have
      duly kept and performed all of the terms, conditions, covenants, provisions
      and
      agreements to be kept and performed by Tenant under this Lease, Tenant shall
      be
      permitted to occupy the demised premises solely for the period commencing April
      1, 2005 to and including September 30, 2005 at a monthly rate of $ 4,312.50
      but
      Tenant shall be subject to all other terms and conditions of this Lease,
      including, but not limited to, the obligation to pay any and all electric
      current charges, water/sprinkler charges, lobby attendant charges and any other
      items of additional rent as provided for in the Lease during such
      period.

    

    65. Tenant
      covenants and agrees to pay as additional rent on the first day of each month
      during the term of this lease 4.25% of the cost of supplying Lobby Attendant
      service in the building, which cost shall at no time exceed $200.00 per
      month.

     

    66. ADDENDUM
      TO ARTICLE 18 (LANDLORD’S REMEDIES):

     

        If
      Tenant
      shall issue a check to Landlord which is returnable for any reason, Tenant
      shall
      pay LANDLORD an additional charge of $25.00 for Landlord’s expense in connection
      therewith. If Tenant shall be late in making any payment due under this Lease
      more than three (3) times in any Lease Year, Landlord shall be entitled to
      demand, from Tenant and Tenant agrees to tender to Landlord additional security
      in the amount of one month’s current Minimum Rent to held in accordance with the
      terms of Article 32 hereof.

     

    67. LATE
      PAYMENT CLAUSE

     

        It
      is agreed
      that the rental under this Lease is due and payable in equal monthly
      installments in advance on the first day of each month during the entire Lease
      term. In the event that any monthly installment of rent, or any other payment
      required to be made by the Tenant under this Lease shall be overdue, a late
      charge of $.02 for each dollar so overdue may be charged by the Landlord for
      each month, or fraction of each month, from its due date until paid, for the
      purpose of defraying the expenses incurred in handling the delinquent payments.
      No late charges shall be applied until five (5) days after the due
      date.

     

    68. In
      the
      event the Tenant decides to do any alterations in the demised premises including
      but not limited to walls, ceilings, enclosed offices, central air-conditioning
      system, Tenant must retain, at its own expense, the services of a licensed
      architect or professional engineer to prepare a complete scale drawing which
      shall indicate the construction plan, mechanical plans showing central
      air-conditioning, sprinkler work, if any, as well as plumbing and electrical
      plans. Tenant must comply with all New York City building regulations including
      but not limited to Local Law 58 (the handicapped law) and Local Law 16 (fire
      safety features such as audible devices, strobes, smoke detectors, etc.) Fire
      safety features must be designed to connect with the buildings fire command
      system and actual tie-ins to the system will be by the buildings fire safety
      contractor. Tenant shall submit to the Landlord for review by Landlord’s
      architect, the completed plans in final form ready for filing with the New
      York
      City Building Department including all forms and applications signed and sealed
      by the Tenant’s architect or engineer. Upon approval by the Landlord, the Tenant
      through their architect or engineer must file an Alteration Application Type
      II
      with the building department, secure an approval and obtain a building
      permit. If a central air-conditioning system is installed by the Tenant, Tenant
      must secure an Equipment Use Permit for such
      unit
      and Tenant shall be responsible for the maintenance of the air-conditioning
      equipment and pay all fees associated with such unit. Failure of Tenant to
      abide
      by all of the above and as a result should Landlord receive any violations,
      Tenant shall cure same at its expense and reimburse Landlord for any penalties,
      fines and other related costs to cure.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    Tenant
      can refer to Landlord’s architect for use of the Asbestos Certificate ACP-5
      associated with Landlord’s building alteration Application
      #101981731.

     

    69. Emergency
      and Security Procedures

     

        Tenant
      shall
      abide and shall cause its employees, independent contractors, agents, directors,
      officers, guests and invitees to abide by all rules, regulations and procedures
      required by Landlord with respect to the Building and the demised premises,
      including but not limited to, evacuation, fire safety, and security rules and
      procedures. Tenant hereby agrees to indemnify and hold the Landlord and its
      agents harmless from and against any and all losses arising from a breach of
      the
      foregoing provision. Should Tenant desire to implement its own fire safety
      or
      evacuation procedures above and beyond those required by Landlord, Tenant must
      first obtain Landlord’s prior written consent in each instance and shall
      indemnify and hold the Landlord harmless from and against, any losses arising
      from such procedures, unless any such loss is due to Landlord’s sole negligence
      or willful misconduct.

     

    70. Notwithstanding
      anything to the contrary contained herein, Tenant shall have Twenty-Four (24)
      hour, Seven (7) day access to the demised premises and the use of a passenger
      elevator at all times unless in the event of an emergency or other circumstance
      which does not allow Tenant access.

     

    71. It
      is
      understood that Tenant’s initial move into the building shall be at no
      additional cost to Tenant for elevator services provided such move takes place
      within normal business hours.

     

    72. Provided
      Tenant has deposited the security with the Landlord in full as provided for
      in
      Article #32 hereof and has paid all rent and additional rent when due under
      the
      provisions of this Lease and not later then the 10th
      day of
      any month, and has not been in default, material or otherwise, whether or not
      cured, and has not caused the Landlord to take a legal action for non-payment
      of
      rent, then Landlord shall return $8,911.14 of the security on or about September
      1, 2007 in the form of a rent credit leaving a balance of $26,733.42 on deposit
      with the Landlord as security.

     

    73. It
      is
      understood that Landlord is providing Tenant with an existing phone system
      already installed in the demised premises. The phone system is and shall remain
      the property of the Landlord for which the Tenant has full use during the term
      hereof and for which Tenant shall maintain and keep in good repair at its own
      cost and expense. Upon termination of this Lease and Tenant’s vacating the
      premises, the phone system shall remain intact in the premises.

     

    74. OPTION
      TO
      RENEW

     

        A.
      So long as
      Tenant shall be occupying the demised premises, Tenant shall have the privilege
      of extending the term of the lease for one additional period of Five (5) years,
      such option to be exercised by Tenant giving no less than six (6) months prior
      written notice thereof to Landlord by registered mail, certified mail, personal
      delivery or over-night delivery, thereby which date shall be no later than
      November 30, 2009. Upon the due and timely giving of such written notice, the
      term of the lease shall be deemed extended for a term commencing June 1, 2010
      and expiring as of May 31, 2015 (hereinafter referred to as
“Extended Term
      upon
      all
      of the same covenants, agreements, terms, provisions and conditions contained
      in
      the lease except that the annual rental rate for the Extended Term shall be
      as
      hereinafter provided payable in the manner and at the time provided in the
      Lease. In the event Tenant does not duly and timely give the aforesaid written
      notice as herein before provided the option of Tenant to renew shall have been
      deemed waived, null and void and of no further force nor effect. Notwithstanding
      anything hereinbefore contained to the contrary it is specifically understood
      and agreed that Tenant shall not have the privilege to exercise the aforesaid
      option of extending the term of the lease if Tenant is in default beyond the
      applicable notice and cure period, if any, under any of the terms, conditions,
      provisions, agreements or covenants of the lease on the date that Tenant gives
      notice to exercise such option. Tenant shall have no further right to extend
      or
      renew the term of the lease except as specifically provided for
      herein.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

        B.
      The annual
      rental rate to be paid by Tenant at the commencement of the Extended Term shall
      be the average of the annual rent provided for in Article #43 hereof as of
      3/1/10 plus 2.5% and the “Annual Fair Market Rental Value” for the demised
      premises plus another $2.00 per square foot. The Annual Fair Market Rental
      Value
      shall be determined as follows: If the parties hereto have not otherwise agreed
      upon the Annual Fair Market Rental Value prior to two (2) months before the
      commencement of the Extended Term, either party may notify the other party
      in
      writing that it desires arbitration to fix and determine the Annual Fair Market
      Rental Value of the demised premises for the Extended Term. The notifying party,
      within said notice, shall specify the name and address of the person designated
      to act as arbitrator on such party’s behalf; said arbitrator shall be a real
      estate broker duly licensed in New York State for a period in excess of ten
      years who shall have been actively engaged in leasing of commercial space in
      Manhattan for a period of at least the last ten years immediately past. Within
      ten business days after said notice is given, the other party shall give written
      notice to the notifying party specifying the name and address of the person
      designated to as arbitrator on such party’s behalf; said arbitrator shall be a
      real estate broker duly licensed in New York State for a period in excess of
      ten
      years who shall have been actively engaged in leasing commercial space in
      Manhattan for a period of at least the last ten years immediately past. The
      arbitrators so chosen shall meet within ten days after the second arbitrator
      is
      appointed and within thirty days thereafter shall decide the Annual Fair Market
      Rental Value.

     

    C. If
      within
      said period the arbitrators cannot agree upon their decision, they shall appoint
      a third arbitrator, within ten days’ after the expiration of said period, who
      has the same qualifications required as aforesaid for the first and second
      arbitrators, and if they cannot agree upon said appointment, the third
      arbitrator shall be appointed upon their application or upon the application
      of
      either party, by the American Arbitration Association in the City of New York.
      The three arbitrators shall meet and determine the Annual Fair Market Rental
      Value. A decision in which two of the three arbitrators concur shall be binding
      and conclusive upon the parties. In designating arbitrators and in determining
      the Annual Fair Market Rental Value, the arbitrators shall act in accordance
      with the rules then in force of the American Arbitration Association, subject,
      however, to such limitations as may be placed upon them by the provisions of
      this agreement.

     

    D. The
      arbitrators shall make their determination on the basis of the likely and
      reasonable commercial use of the demised premises and the existence of the
      then
      improvements to the demised premises. If the parties hereto have not otherwise
      agreed in writing upon the Annual Fair Market Rental Value prior to the
      commencement of the Extended Term, until the Annual Fair Market Rental Value
      is
      determined, as hereinabove provided, Tenant covenants and agrees to pay on
      the
      first day of each month one- twelfth of the Fixed Minimum Annual Rent with
      appropriate adjustment with fifteen (15) days after the Annual Fair Market
      Rental Value is determined by arbitrators.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    E. The
      Annual rent as determined by this Article shall be increased at an annual rate
      of 2.5%, commencing June 1, 2011 and shall increase each June 1st
      thereafter during the extended term hereof, at the same 2.5%, compounded. All
      other terms and conditions of this Lease including but not limited to other
      escalations and additional rent provisions shall remain in force and effect
      during the extended term hereof.

    

    F. Landlord
      shall paint the demised premises in building standard and supply and install
      new
      building standard carpet at the commencement of the extended
      term.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    WORKLETTER

     

    In
      connection with the lease dated January 25, 2005 made between the
      undersigned 

    

    
      	Building:
              589
              8th
              Avenue	
              Premises:
                Entire
                18th
                Floor

            
	 	 
	
              Tenant:
                Platinum
                IT Consulting, Inc.

            
	 	 
	
              Business:
                General
                and Executive Offices

            
	 	 

    

    
      	
              Lease
                Begins: 3/1/05

            	
              Lease
                Expires: 5/31/10

            

    

     

    The
      ONLY
      work to be done by Landlord one time at its own expense is as
      follows:

     

    Landlord
      to:

     

    1-Deliver
      all electrical, plumbing and air-conditioning equipment in good working
      order.

    2-Paint
      Entire premises in building standard.

     3-Clean
      Carpet.

    4-Provide,
      if needed, bathroom signage per code. 

    5-Install
      thermostatic valves on radiators.

     

    Work
      shall be standard used in building. Delay in progress or completion of the
      work
      specified above shall not constitute grounds for any abatement of rent or delay
      in the payment thereof when due No substitutions or allowances will be
      made.

     

    
      	 	 	 
	 	
              TOWER
                39 ASSOCIATES LLC

            
	 
 	 
 	 
 
	
            	By: 	
            
	 	
              

            

    

     

    
      	 	 	 
	 	
              PLATINUM
                IT CONSULTING, INC.

            
	 
 	 
 	 
 
	
            	By: 	
            
	 	
              

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TENANT
      INFORMATION FORM

     

    COMPANY
      NAME: 

    ADDRESS:
      

    TELEPHONE:
      

    FEDERAL
      ID# 

    PRINCIPAL:

     

    EMERGENCY
      CONTACT

    NAME:

    HOME
      ADDRESS:

    HOME
      PHONE:

     

    BILLING
      ADDRESS (IF OTHER THAN FRONT PAGE) 

    NAME:
      

    COMPANY:
      

    ADDRESS:

     

    LEGAL
      NOTICE TO: 

    NAME:
      

    COMPANY:
      

    ADDRESS:
      

    TELEPHONE:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    GUARANTY

     

    In
      order
      to induce the aforesaid Landlord to enter into this Lease dated January 25,
      2005
      between Tower 39 Associates LLC, Landlord and Platinum IT Consulting, Inc.,
      Tenant for the Entire 18th
      Floor
      premises at 589 8th
      Avenue,
      New York, NY 10018 and for other valuable considerations, the receipt whereof
      is
      hereby acknowledged, _____________________ hereby makes the following guarantee
      and agreement with
      and
      in favor of Landlord and its respective legal representations and assigns.
      The following personal guarantee of, _____________________ is the only provision
      of the Lease to which the Guarantor is personally liable, unless provided
      elsewhere in the Lease, as all other provisions, clauses and terms of this
      lease
      are binding upon the Tenant.

     

    The
      undersigned guarantees to Landlord, its successors and assigns, that (s) he
      shall pay to Landlord all Minimum Rent, Additional Rent and all other
      charges that has accrued or may accrue under the terms of the Lease (hereinafter
      referred to as “Accrued Rent”), to the latest date that Tenant and
      its
      assigns and sublessee, if any, shall have completely performed all of
      the
      following:

     

        (a) notified
      the Landlord on no less than ninety (90) days prior written notice of its intent
      to vacate the premises, and

     

        (b) Vacated
      and surrendered the Demised Premises to the Landlord pursuant to the terms
      of
      the Lease following the ninety (90) day notification period, and

     

        (c)  Delivered
      the keys to the Demised Premises to the Landlord, and

    

    (d) Paid
      to
      Landlord all Accrued Rent to and including the date which is the later of (x)
      the actual receipt by Landlord of said Accrued Rent, (y) the surrender of the
      Demised Premises, or (z) receipt by Landlord of the keys to the Demised
      Premises.

     

    Should
      Tenant vacate without so notifying the Landlord as provided for in paragraph
      (a), the Guarantor’s obligation herein shall not terminate until ninety (90)
      days after the date of surrender, provided all rent, accrued up to and including
      ninety (90) days after the date of surrender, has been paid.

     

    It
      is
      agreed that any security deposited under Article 32shall
      not
      be computed as a deduction from any amount payable by Tenant or Guarantor under
      the terms of this Guaranty or the Lease.

     

    This
      guarantee is absolute and unconditional and is a guarantee of payment and not
      of
      collection. The parties hereto waive all notice of non-payment, non-performance,
      non-observance or proof, or notice, or demand, whereby to charge the undersigned
      therefore, all of which the undersigned expressly waive and expressly agree
      that
      the validity of this Agreement, and the obligation of the Guarantors hereto
      shall in no wise be terminated, affected or impaired by reason of the assertion
      by Landlord against Tenant of any of the rights or remedies reserved to Landlord
      pursuant to the performance of the within Lease. The undersigned further
      covenants and agrees that this guarantee shall remain and continue in full
      force
      and effect, as to any renewal, modification or extension of this Lease and
      during any period when Tenant is occupying the premises as a “Statutory Tenant”.
      As further inducement to Landlord to make this Lease and in consideration
      thereof, Landlord and the undersigned covenant and agree that in any action
      or
      proceeding brought by either Landlord or the undersigned against the other
      on
      any matters whatsoever arising out of, under, or by virtue of the term of this
      Lease or of this guarantee that Landlord and the undersigned shall and do hereby
      waive trial by jury.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	 	 	 	 
	Dated:_____________________	 	 	 
	
              
              

            	
               

            	 	
              
                

              

              
                Name

              

            
	 	 	 	
               

              
                

              

              
                Signature

              

               

              
                
                  

                

                
                  Home
                    Street Address

                

              

               

              
                
                  

                

                
                  City,
                    State

                

                 

                
                  
 Social
                  Security#Unassociated Document

     

    Exhibit
      10.11

    

    January
      11, 2005

    

    Mr.
      Israel Vicente

    Global
      Consulting Solutions, LLC

    

    

    This
      letter agreement will define the terms which will govern business between
      Platinum IT Consulting, Inc. and Global Consulting Solutions, LLC.

    

    Permanent
      Placements - All fees net of expenses for placements in which one of the
      companies provides the client and the other provides the applicant will be
      split
      equally between the two companies regardless of which company performs which
      function. Any third party expenses such as applicant travel will be deducted
      prior to the split. Any expenses specific to the function, either sales or
      recruiting will be bourn by the party incurring the expense. Disbursement of
      fees will be made after any guarantee periods for the specific placement have
      expired.

    

    Consulting
      Placements - All gross profit for consulting placements will be split equally
      between the two companies. Gross profit is defined as billed amount less
      burdened pay amount. In the case of consultant who is compensated on a
      corporation to corporation basis, there is no burden. For W-2 consultants,
      the
      burden is 12% of pay rate. For example, if there is a bill rate of $100 and
      a
      pay rate of $70, the split amount would be $15 for each party for a corp to
      corp
      consultant and $10.80 for a W2 consultant ($100 - $70*1.12). Disbursement of
      fees will be made when payment is received from the client.

    

    We
      look
      forward to a long and mutually profitable relationship.

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