Document:

Exhibit 10.25.2

 

SECOND AMENDMENT TO 800 TOWER DRIVE LEASE

 

THIS SECOND AMENDMENT TO 800 TOWER DRIVE LEASE, dated as of the 31st day of October, 2005 (“Second Amendment”) , is being entered into between 800 TOWER SPE LLC (hereinafter called “Landlord”) , a Delaware limited liability company, having an address at The Gale Management Company, L.L.C., Park Avenue at Morris County, 100 Campus Drive, Suite 200, Florham Park, New Jersey 07932 and QUICKEN LOANS, INC., a Michigan corporation, having an address at 2055 Victor Parkway, Livonia, Michigan 48152, Attention: Corporate Counsel and a Taxpayer Identification Number of 38-2603955 (hereinafter called “Tenant”).

 

WITNESSETH :

 

WHEREAS:

 

A.            Landlord’s predecessor-in-interest, PW/MS OP SUB I, LLC, and Tenant heretofore entered into a certain lease dated July 6, 2004, as amended by a certain First Amendment To 800 Tower Drive Lease dated July “13, 2005 (said lease as the same was or may hereafter be amended is hereinafter called the “Lease”) with respect to Premises on the second (2nd), third (3rd) and fourth (4th) floors of the building known as and located at 800 Tower Drive, Troy, Michigan, for a term ending on December 31, 2011 or on such earlier date upon which said term may expire or be terminated pursuant to any conditions of limitation or other provisions of the Lease or pursuant to law; and

 

B.            The parties hereto desire to modify the Lease in certain respects.

 

NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, the parties hereto modify said Lease as follows:

 

 

1.             DEFINITIONS. Except as otherwise provided in this Second Amendment, all defined terms contained in this Second Amendment shall, for the purposes hereof, have the same meaning ascribed to them in the Lease.

 

2.             BACKUP GENERATOR. As of the date hereof, the following Article 51 BACKUP GENERATOR shall be deemed added to and made a part of the Lease:

 

51.          BACKUP GENERATOR

 

(a)           Within sixty (60) days after Landlord accepts in writing at the Building delivery of both Backup Generators (hereinafter defined) from the supplier of the Backup Generators, Landlord, at Tenant’s sole cost and expense, shall install in the area shown on Schedule A attached hereto and made a part hereof two (2) 1500KW auto transfer diesel backup generators (“Backup Generators”) in accordance with plans attached to the Second Amendment as Schedule B and made a part thereof. Landlord will order the Backup Generators within five (5) days after Landlord receives from Tenant an amount equal to the deposit required by the supplier of the Backup Generators. Tenant shall give Landlord a check for that deposit payable to Landlord within five (5) days after Landlord’s demand therefor. Upon placement of the order, Landlord, at Tenant’s expense, shall commence pre- installation work (i.e. site preparation, wiring, etc.) so the installation is completed promptly after delivery of the Backup Generators to the Building. Landlord shall obtain, at Tenant’s sole cost and expense, all necessary governmental approvals and permits relating to the initial installation and initial operation of both Backup Generators. Tenant, at its expense, shall thereafter keep current said approvals and permits and give Landlord true and complete original counterparts of all updated permits and approvals relating to the installation and operation of the two (2) Backup Generators within thirty (30) days after Tenant receives any such updated permit or approval.

 

(b)           Within thirty (30) days after Landlord’s demand, Tenant shall furnish Landlord with any information regarding either or both Backup Generators and/or its (their) installation that Landlord may request. Tenant agrees to promptly comply with and strictly abide by, at its sole expense, any rules and regulations that Landlord may reasonably promulgate in connection with the installation, operation, repair, maintenance, replacement, relocation, concealment and/or removal of either or both Backup Generators. Tenant agrees to perform all repairs, maintenance, replacements, relocations (only if required in writing by Landlord), concealment and the removal (only if required in writing by Landlord) of either or both Backup Generators pursuant to Landlord’s rules and regulations and in a manner

 

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that is compatible with the appearance and character of the corporate center of which the Building forms a part. Tenant covenants that neither Backup Generator shall interfere with the rights, health or welfare of any person or tenant. Tenant agrees that Landlord may install and operate, and may permit the installation and operation by others of, additional generators anywhere in the Development so long as the installation and operation of such additional generators do not materially and adversely interfere with the operation of the Backup Generators. Landlord shall in no event be responsible if, for any reason whatsoever (except as a direct result of Landlord’s negligence), either or both of Tenant’s Backup Generators do not perform to the expectations of Tenant. Landlord may reduce, at its sole option, the seven (7) parking space ratio referenced in Sections l.(p) and 36. (b) of the Lease to reflect the number of parking spaces lost as a result of the placement of both Backup Generators.

 

(c)           Once Tenant has paid Landlord in full for all amounts due Landlord under Section 51. (a) hereof, then, the Backup Generators shall constitute trade fixtures and shall fall within the purview of Paragraph 8. (d) (iii) of the Lease. Tenant shall, by no later than thirty (30) days after the expiration or earlier termination of the Lease and at Tenant’s expense, remove both of the Backup Generators and restore any damage or injury caused by the removal of said Backup Generators. Failure to strictly comply with the immediately preceding sentence by Tenant shall constitute a holding over of the Premises by Tenant until such time as both of the Backup Generators are removed and any damage or injury caused by such removal is restored. Tenant, at its expense, shall exercise best efforts to complete its removal and restoration work sooner than the date falling thirty (30) days after the expiration or earlier termination of the Lease. If Tenant fails to strictly comply with the second (2nd) sentence of this Section 51.(c), then, Landlord, at its sole option, may, at Tenant’s expense, (1) remove either or both of the Backup Generators, (2) keep either or both Backup Generators without compensation to Tenant, (3) discard either or both of the Backup Generators at Tenant’s sole risk and with Tenant assuming all liability and/or (4) restore any damage or injury that either or both of said Backup Generators or the removal thereof may have caused. Tenant hereby releases Landlord from, and, upon Landlord’s demand, shall defend, indemnify and hold Landlord harmless against any liabilities and expenses that may arise with regard to either or both of said Backup Generators, except for such liabilities and expenses that arise as a direct result of Landlord’s negligence. Furthermore, in connection with both Backup Generators, Tenant shall procure and maintain general liability and property damage insurance in compliance with each of the requirements set forth in Sections 20. (a)-(b) of the Lease. All references in this Article 51 to “Backup Generator” shall include all wiring,

 

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cabling, fuse boxes, transformers and other ancillary and related equipment connecting the Backup Generator to the Premises. Any cost or expense owed by Tenant to Landlord under this Article 51 shall constitute additional rent under the Lease and shall be due from Tenant to Landlord within thirty (30) days after Tenant receives written demand therefor.

 

3.             NO BROKER. Tenant covenants, represents and warrants that Tenant has had no dealing or communications with any broker or agent in connection with the consummation of this Second Amendment and Tenant covenants and agrees to pay, defend, hold harmless and indemnify Landlord and its directors, officers, partners and their affiliates and/or subsidiaries from and against any and all costs, expenses, including attorney’s fees (prior to settlement, at trial or on appeal), court costs and disbursements or liability for any commission or other compensation claimed by any broker or agent with respect to this Second Amendment.

 

4.             LEASE RATIFICATION. Except as modified by this Second Amendment and the instruments referenced in WHEREAS clause A. hereof, the Lease, and all covenants, agreements, terms and conditions thereof, shall remain in full force and effect and is hereby in all respects ratified and confirmed.

 

5.             AUTHORITY. Landlord and Tenant represent that the undersigned representatives of Landlord and Tenant respectively have been duly authorized on behalf of their respective parties to enter into this Second Amendment in accordance with the terms, covenants and conditions set forth herein, and upon either party’s request, the other party shall deliver evidence, in form and substance reasonably satisfactory to the requesting party, to the foregoing effect.

 

6.             NO ORAL CHANGES. This Second Amendment may not be changed orally, but only by a writing signed by both Landlord and Tenant.

 

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7.             NON-BINDING DRAFT, The mailing or delivery of this document or any draft of this document by Landlord or its agent to Tenant, its agent or attorney shall not be deemed an offer by the Landlord on the terms set forth in this document or draft, and this document or draft may be withdrawn or modified by Landlord or its agent at any time and for any reason. The purpose of this section is to place Tenant on notice that this document or draft shall not be effective, nor shall Tenant have any rights with respect hereto, unless and until Landlord shall execute and accept this document. No representations or promises shall be binding on the parties hereto except those representations and promises contained in a fully executed copy of this document or in some future writing signed by Landlord and Tenant.

 

8.             NOTICES. On and after the date hereof, all notices to Landlord from Tenant shall be invalid (at Landlord’s option) unless, and shall be valid (at Landlord’s option) only if, in writing, sent postage prepaid via certified mail, return receipt requested and addressed to Landlord as follows:

 

800 TOWER SPE LLC

c/o The Gale Management Company, L.L.C.

Park Avenue at Morris County

100 Campus Drive, Suite 200

Florham Park, New Jersey 07932

Attention: Marc Ripp, Esq.

Counsel

 

9.             USA PATRIOT ACT. Tenant represents, warrants and covenants that neither Tenant nor any of its partners, officers, directors, members or shareholders (i) is listed on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001)(“Order”) and all applicable provisions of Title III of

 

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the USA PATRIOT ACT (Public Law No. 107-56 (October 26, 2001)); (ii) is listed on the Denied Persons List and Entity List maintained by the United States Department of Commerce; (iii) is listed on the List of Terrorists and List of Disbarred Parties maintained by the United States Department of State, (iv) is listed on any list or qualification of “Designated Nationals” as defined in the Cuban Assets Control Regulations 31 C.F.R. Part 515; (v) is listed on any other publicly available list of terrorists, terrorist organizations or narcotics traffickers maintained by the United States Department of State, the United States Department of Commerce or any other governmental authority or pursuant to the Order, the rules and regulations of OFAC {including, without limitation, the Trading with the Enemy Act, 50 U.S.C. App. 1-44; the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06; the unrepealed provision of the Iraqi Sanctions Act, Publ.L. No. 101-513; the United Nations Participation Act, 22 U.S.C. § 2349 aa-9; The Cuban Democracy Act, 22 U.S.C. §§ 60-01-10; The Cuban Liberty and Democratic Solidarity Act, 18.U.S.C. §§ 2332d and 233; and The Foreign Narcotic Kingpin Designation Act, Publ. L. No. 106-201, all as may be amended from time to time); or any other applicable requirements contained in any enabling legislation or other Executive Orders in respect of the Order (the Order and such other rules, regulations, legislation or orders are collectively called the “Orders”); (vi) is engaged in activities prohibited in the Orders; or (vii) has been convicted, pleaded nolo contendere, indicted, arraigned or custodially detained on charges involving money laundering or predicate crimes to money laundering, drug trafficking terrorist-related activities or other money laundering predicate crimes or in connection with the Bank Secrecy Act (31 U.S.C. §§ 5311 et. seq.).

 

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

 

	
Signed and delivered
    	
LANDLORD:
    
	
WITNESSED BY:
    	
800 TOWER SPE LLC
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Marc Leonard RIPP
    	
 
    	
By:
    	
/s/ Mark Yeager
    
	
 
    	
Marc Leonard   Ripp, Esq
    	
 
    	
 
    	
Mark Yeager
    
	
 
    	
 
    	
 
    	
 
    	
Vice President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
WITNESSED BY:
    	
 
    	
AGENT FOR LANDLORD:
    
	
 
    	
 
    	
THE GALE MANAGEMENT   COMPANY,
    
	
 
    	
 
    	
L.L.C.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Marc Leonard RIPP
    	
 
    	
By:
    	
/s/ Mark Yeager
    
	
 
    	
Marc Leonard   Ripp, Esq.
    	
 
    	
 
    	
Mark Yeager
    
	
 
    	
 
    	
 
    	
 
    	
Vice President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
WITNESSED BY:
    	
 
    	
TENANT:
    
	
 
    	
 
    	
 
    	
QUICKEN   LOANS, INC.
    
	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Angelo Vitale, Esq.
    	
 
    	
By:
    	
/s/ William Emerson
    
	
 
    	
Name:
    	
Angelo   Vitale, Esq.
    	
 
    	
 
    	
Name:
    	
William Emerson
    
	
 
    	
Its:
    	
Corporate Counsel
    	
 
    	
 
    	
Its:
    	
Chief Executive Officer
    

 

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SCHEDULE A

 

LOCATION OF BACKUP GENERATORS

 

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SCHEDULE B

 

PLANSExhibit 10.25.3

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.   [***]  INDICATES THAT INFORMATION HAS BEEN REDACTED.

 

THIRD LEASE AMENDMENT

 

This THIRD LEASE AMENDMENT (this “Amendment”) is made as of the 10th day of October 2006, by and between 800 TOWER SPE LLC, having an office at c/o The Gale Company, LLC, 100 Campus Drive, Suite 200, Florham Park, New Jersey 07932 (“Landlord”), and QUICKEN LOANS, INC., having an office at 20555 Victor Parkway, Livonia, Michigan 48152 (“Tenant”).

 

RECITALS:

 

A.            Landlord’s predecessor-in-interest, PW/MS OP SUB I, LLC, and Tenant heretofore entered into a certain lease dated July 6, 2004, as amended by a certain First Amendment to 800 Tower Drive Lease dated July 13, 2005 and Second Amendment to 800 Tower Drive Lease dated October 31, 2005 (said lease as the same was or may hereafter be amended is hereinafter called the “Lease”) with respect to Premises on the second (2nd), third (3rd) and fourth (4th) floors of the building known as and located at 800 Tower Drive, Troy, Michigan, for a term ending on December 31, 2011, or such earlier date upon which said term may expire or be terminated pursuant to any conditions of limitation or other provisions of the Lease or pursuant to law; and

 

B.            Landlord and Tenant desire to amend the Lease to include an additional 5,481 rentable square feet on the first (1st) floor (the “First Floor Space”) and 30,389 rentable square feet on the fifth (5th) floor (the “Fifth Floor Space”, and together with the First Floor Space, the “Expansion Space”), as shown on Exhibit A attached hereto and made a part hereof subject to the terms, covenants and conditions set forth below.

 

NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, the parties hereto mutually covenant and agree as follows:

 

1.             All capitalized terms not defined herein shall have the meaning ascribed them in the Lease.

 

2.             The Expansion Space Commencement Date shall mean the date when Landlord delivers possession of the Expansion Space to Tenant and the Expiration Date with respect to the Expansion Space shall be December 31, 2011. Effective as of the Expansion Space Commencement Date, the Premises, as defined in the Lease, shall include the Expansion Space, and:

 

(a)              The rentable area of the Premises shall be 127,617 square feet.

 

(b)              Tenant shall pay the cost of all electricity for lighting and power consumed in the Expansion Space (excluding electrical current required by the building standard heating and air conditioning systems), which electricity shall be measured by a meter installed by Landlord at Landlord’s expense.

 

 

3.             The First Floor Expansion Space Rent Commencement Date shall mean June 1, 2007. Commencing on the First Floor Expansion Space Rent Commencement Date and continuing through and including the Expiration Date,

 

(a)           Tenant shall pay to Landlord fixed monthly rent and annual rent in the amount as shown on Exhibit B attached hereto.

 

(b)           Tenant’s Share with respect to the Premises shall increase by 2.56%.

 

4.             The Fifth Floor Expansion Space Rent Commencement Date shall mean the date that is six (6) months after the earlier of the date (a) Tenant initially conducts business in the Expansion Space, or (b) ninety (90) days from the date of the mutual execution and delivery of this Amendment. Commencing on the Fifth Floor Expansion Space Rent Commencement Date and continuing through and including the Expiration Date,

 

(a)           Tenant shall pay to Landlord fixed monthly rent and annual rent in the amount as shown on Exhibit B attached hereto.

 

(b)           Tenant’s Share with respect to the Premises shall increase by 14.25%.

 

5.             (a)           The Tenant Allowance with respect to the Expansion Space shall be [***] (representing [***] per square foot for the First Floor Space and [***] per square foot for the Fifth Floor Space).

 

(b)           Subject to the terms of this Section 5, if Landlord receives from Tenant complete and final drawings and specifications, that Landlord has first approved (such approval not to be unreasonably withheld or delayed) in writing (the “Approved Plans”), for tenant improvement work (“Tenant’s Work”) in all or any part of the Expansion Space, then, Landlord shall, no more often than monthly, issue a single check payable to Tenant for an amount equal to the Tenant’s monthly bona fide invoice for Tenant’s Work up to the amount of the Tenant Allowance (the “Approved Payment”) and for the actual cost of furniture, furnishings, trade fixtures and equipment installed in the Expansion Space over and above the cost of Tenant’s Work up to the amount of the Tenant Allowance. Landlord shall have the obligation to provide the Tenant Allowance only if the following conditions are satisfied:

 

(i)               Tenant shall be in compliance with, and not in default under applicable law and the provisions of the Lease;

 

(ii)              Tenant shall have obtained, and shall maintain, all necessary and appropriate permits, licenses, authorizations and approvals from all governmental authorities having or asserting jurisdiction, and shall have delivered true copies thereof to Landlord;

 

(iii)             With respect to payments to the Tenant, Tenant shall have delivered to Landlord a completed requisition for advance (in form issued by the American Institute of Architects), certified and sworn to by Tenant’s Architect, to the effect that the value of the labor and materials in place equals the total portion of the Tenant Allowance funded to

 

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date plus the amount of the advance then being requested, and that the work completed to date has been performed in a good and workmanlike manner, to the satisfaction of Tenant’s Architect, in accordance with the Approved Plans and in compliance with all laws, orders, rules and regulations of all federal, state, municipal and local governments, departments, commissions and boards, which certification shall be accompanied by the Tenant’s invoice(s) for work performed and covered by the requisition for advance for the payment being requested; and

 

(iv)             Tenant shall have delivered to Landlord conditional waivers of Hen from the Approved Contractor and all other contractors, subcontractors, vendors, suppliers and materialmen who shall have furnished materials or supplies or performed work or services covered by such requisition, and full lien waivers for all previous work performed, completed and paid for from the aforesaid contractors. Subject to Tenant’s compliance with the aforesaid conditions, Landlord shall give Tenant a check payable to the Tenant for the amount of the invoice up to the amount of the Tenant Allowance, less any permitted deductions thereof.

 

(c)              The Approved Contractor shall be a qualified, reputable, bonded, licensed, insured and first-class general contractor (this standard shall also apply to any sub-contractor hired by the Approved Contractor) hired by Tenant in writing to perform the Tenant’s Work who has first been approved in writing by Landlord (Landlord must also approve electrical and mechanical contractors), which consent shall not be unreasonably withheld or delayed. Tenant agrees that (i) Landlord shall in no way be responsible for the quality or completeness of Tenant’s Work and (ii) Tenant’s Work shall be performed in compliance with all applicable provisions of the Lease as amended by this Amendment, including, but not limited to, (A) the Contractor Rules attached to this Amendment as Exhibit C, and (B) such other rules, regulations, procedures or directives of any kind that may be reasonably promulgated by Landlord from time to time. The Approved Contractor shall work in harmony with any of Landlord’s contractors and shall not interfere with Landlord’s completion of Landlord’s Work.

 

(d)              Tenant expressly agrees that Landlord may deduct and retain from the Approved Payment a fee equal to three percent (3%) of the cost of Tenant’s Work for review, supervisory, administrative, and/or coordination services that Landlord performs in connection with Tenant’s Work. Within thirty (30) days of the completion of Tenant’s Work, Tenant shall deliver to Landlord a final accounting of the cost of Tenant’s Work.

 

(e)              Each payment by Landlord of portions of the Tenant Allowance shall be in the amount properly requisitioned in accordance with the foregoing, less a retainage of ten percent (10%) of the amounts requisitioned. Upon the completion of Tenant’s Work and the taking of occupancy by Tenant of the Expansion Space for Tenant’s normal business operations, the final payment and any retainage held by Landlord shall be paid to Tenant upon receipt of the following documents (in form reasonably satisfactory to Landlord):

 

(i)               final, unconditional lien waiver from the Approved Contractor, and all sub-contractors in connection with Tenant’s Work;

 

(ii)              a statement from Tenant’s architect certifying that Tenant’s Work has been completed to Tenant’s satisfaction and in accordance with the Approved Plans;

 

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(iii)             a final unconditional certificate of occupancy for the Expansion Space; and

 

(iv)             an “as built” plan for Tenant’s Work including all electrical files applicable to Tenant’s Work.

 

(f)              The Tenant Allowance may only be applied towards Tenant’s Work in accordance with the Approved Plans and for furniture, furnishings, trade fixtures and equipment to be installed in the Expansion Space. If any portion of the Tenant Allowance is not so used by Tenant, any excess shall be forfeited and shall not be used as a credit against fixed monthly rent, additional rent or any other sums due Landlord hereunder.

 

(g)              Tenant shall require any and all contractors of the Tenant performing work on or about the Expansion Space to obtain and/or maintain specific insurance coverage for events which could occur while operations are being performed and which could occur after the completion of the work arising therefrom. The insurance coverage of the contractor shall be at least equal to the coverage required of the Tenant and the contractor shall name Landlord and, if requested, any mortgagee, as additional insureds on all policies of liability insurance. The contractor shall purchase and maintain such insurance as will protect itself and Landlord and Tenant from claims set forth below which may arise out of or result from its operations under the contract and after contract completion with Tenant, whether such operations are performed by the Approved Contractor or by any subcontractor or by anyone directly or indirectly employed by any of them or by anyone for whose acts any of them may be liable. The insurance coverage shall include but not be limited to protection for:

 

(i)               Claims under Workers or Workmen’s Compensation, Disability Benefits, and other Employee Benefit Acts;

 

(ii)              Claims for damages because of bodily injury, occupational sickness, disease, or death of any person other than its employees;

 

(iii)             Claims for damages insured by reasonable and customary personal injury liability coverage which are sustained by (A) any person as a result of an offense directly or indirectly related to the employment of such person by the contractor, or (B) by any other person;

 

(iv)             Claims for damages, other than to the work itself, because of injury to or destruction of tangible property, including loss of use resulting therefrom;

 

(v)              Claims for damages because of bodily injury or death of any person and/or property damage arising out of the ownership, maintenance, or use of any motor vehicle; and

 

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(vi)             Claims which include the foregoing, but not limited thereto, which may occur while operations are being performed and claims which may occur after operations are completed arising therefrom,

 

Tenant shall secure evidence of Tenant’s contractor’s insurance coverage adequate to protect Landlord and Tenant.

 

(h)              Landlord agrees that Tenant’s Work includes the removal of existing Moduline distribution boxes and related ductwork on the fifth (5th) floor and the replacement of same with new VAV boxes, the installation of associated duct work and digital control system, including any demolition (collectively “Tenant’s Fifth Floor HVAC Work”), all in accordance with the Approved Plans, provided:

 

(i)               Tenant engages Energy Options to design the control system and have the control system fully integrated and operational with the controls for the second (2nd), third (3rd) and fourth (4th) floors;

 

(ii)              The design of the fifth (5th) floor HVAC system shall not materially and adversely affect air flow currently designed for the fourth (4th) floor of the Building;

 

(iii)             Tenant reimburses Landlord for the reasonable costs of inspecting and testing the fifth (5th) floor HVAC system within thirty (30) days of Tenant’s receipt of Landlord’s invoice;

 

(iv)             Upon completion of Tenant’s Fifth Floor HVAC Work, Tenant shall provide to Landlord at a cost and expense to be split equally between Landlord and Tenant, a balancing report for the fifth (5th) floor of the Building performed by a third party engineer reasonably and mutually satisfactory to Landlord and Tenant.

 

Landlord agrees that upon substantial completion of Tenant’s Fifth Floor HVAC Work, the issuance of a certificate of occupancy in connection with Tenant’s Work, and Landlord’s confirmation that Tenant’s Fifth Floor HVAC Work was performed in accordance with the Approved Plans, Landlord shall pay to Tenant within thirty (30) days thereafter the sum of [***] representing Landlord’s share of the cost of Tenant’s Fifth Floor HVAC Work, which sum shall not be charged against the Tenant Allowance.

 

(i)               Landlord agrees to have an independent third party company check the balancing of approximately ten percent (10%) of the air distribution boxes on the second (2nd), third (3rd) and fourth (4th) floors and, if the findings of the report recommend further balancing of the air distribution boxes, then Landlord agrees to balance the HVAC systems on the second (2nd), third (3rd), and fourth (4th) floors of the Building upon completion of all of Tenant’s Work at Landlord’s sole cost and expense.

 

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6.             Using building standard materials (as to both quality and quantity), as reasonably determined by Landlord, Landlord shall, (a) refurbish the lobby and common area bathrooms on the fifth floor to substantially similar quality and finishes as the lobby and common area bathrooms on the fourth floor (“Lobby/Bathroom Work”), (b) perform the work identified in that certain letter from Witt Mechanical, Inc. to Stanley Finsilver and David Friedman dated September 18, 2006 attached hereto as Exhibit E and made a part hereof (“HVAC Work”), and (c) erect the (i) side of the demising wall facing the First Floor Premises as shown on Exhibit D within seven (7) days of the execution of this Amendment, and (ii) other side of the demising wall within seven (7) days of Tenant’s receipt and delivery to Landlord of the “rough wall” and “rough electric” inspections (the “Wall Work”, and together with the Lobby/Bathroom Work and HVAC Work, “Landlord’s Work”). Landlord shall use commercially reasonable diligent efforts to complete Landlord’s Work as soon as reasonably practical, but in no event later than completion of Tenant’s Work. The HVAC Work shall be performed at Landlord’s sole cost and expense and no portion of the Tenant Allowance shall be used for the HVAC Work. Notwithstanding the foregoing, the Lobby/Bathroom Work shall commence following issuance of a certificate of occupancy in connection with Tenant’s Work and be substantially completed within sixty (60) days thereafter. If at Tenant’s request Landlord performs the Lobby/Bathroom Work during hours that Landlord’s contractors identify as overtime hours, any incremental cost associated with performing such work during overtime hours shall be the sole responsibility of Tenant. Tenant shall reimburse Landlord for approximately forty-six and thirty-four hundredths percent (46.34%) of the cost of the Lobby/Bathroom Work and any overtime incremental cost as described in the preceding sentence within thirty (30) days of substantial completion of the Lobby/Bathroom Work and Tenant’s receipt of Landlord’s invoice for such cost, provided however, Tenant may, at Tenant’s option, use the Tenant Allowance for such cost. Landlord agrees that Landlord shall provide to Tenant reasonably detailed supporting documents for any cost for which Landlord seeks reimbursement from Tenant. Landlord’s contractors shall work in harmony with the Approved Contractor and all subcontractors and shall not interfere with completion of Tenant’s Work.

 

7.             Except as may be expressly set forth in the Lease as modified herein, neither Landlord nor Landlord’s agents have made any representations or promises with respect to the physical condition of the Expansion Space, the Building, the land upon which it is erected, the rents, leases, expenses of operation or any other matter or thing affecting or related to the Expansion Space, and no rights, easements or licenses are acquired by Tenant by implication or otherwise except as expressly set forth in the provisions of this Amendment. Tenant has inspected the Expansion Space and is acquainted with its condition, and, except for completion of Landlord’s Work, agrees to take the same “as is” subject to the provisions of the Lease as modified herein and acknowledges that the taking of possession of the Expansion Space by Tenant shall be conclusive evidence that the Expansion Space was in good and satisfactory condition at the time such possession was so taken.

 

8.             Any exercise by Tenant of its renewal options pursuant to Section 3(d) of the Lease must be for the entire Premises inclusive of the Expansion Space.

 

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9.             Tenant’s right of termination as set forth in Section 3(e) of the Lease shall extend to the Expansion Space. If Tenant exercises its right of termination, Tenant shall make payment of all sums due from Tenant pursuant to Section 3(e) on or before the early termination date.

 

10.          Each party herein covenants, warrants and represents to the other party that it has had no dealings, conversations or negotiations with any broker concerning the execution and delivery of this Amendment other than Friedman Real Estate Group, Inc. (the “Broker”). Landlord and Tenant hereby indemnify and hold each other harmless against any loss, claim, expense or liability arising from any action of the other party or from any broker claiming through the other the other party with respect to any commissions or brokerage fees claimed by any entity other than the Broker on account of the execution of this Amendment The Landlord shall pay any commissions due the Broker pursuant to a separate written agreement between Landlord and Broker.

 

11.          Tenant represents and warrants that (a) it is the sole owner and holder of the Tenant’s interest in the Lease, and it has not assigned, mortgaged, hypothecated, sublet, or otherwise alienated all or any part of its interest in the Lease or the Premises; (b) the Lease is in full force and effect and is enforceable in accordance with its terms; and (c) all conditions of the Lease to be performed by the Landlord and necessary to the enforceability of the Lease have been satisfied, provided that Landlord diligently and satisfactorily performs its ongoing repair and maintenance efforts in order to consistently furnish the Premises with heat and air conditioning required for Tenant’s comfortable use in accordance with Exhibit D-l of the Lease.

 

12.          Tenant hereby renews its obligations to Landlord for the full, prompt and timely payment of all rents and other sums required to be paid by Tenant during the term of the Lease as herein modified, and for the full, prompt and timely performance of, compliance with and observation of all the terms contained in the Lease as herein modified.

 

13.          The parties hereto represent and warrant to each other that each has full right and authority to enter into this Amendment and that the person signing this Amendment on behalf of Landlord and Tenant respectively has the requisite authority for such act.

 

14.          Except as expressly provided herein, all other terms, conditions, covenants, conditions and agreements as set forth in the Lease remain unchanged and in full force and effect.

 

(Remainder of this page left intentionally blank – Signature page to follow)

 

7

 

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

 

	
WITNESS:
    	
 
    	
LANDLORD:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
800 TOWER SPE LLC
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ James G. Nugent
    	
 
    	
By:
    	
/s/ Mark Yeager
    
	
 
    	
 
    	
 
    	
 
    	
Name: Mark Yeager
    
	
 
    	
 
    	
 
    	
 
    	
Title: Vice President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
WITNIESS:
    	
 
    	
AGENT FOR LANDLORD:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
THE GALE MANAGEMENT COMPANY,   L.L.C.
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ James G. Nugent
    	
 
    	
By:
    	
/s/Mark Yeager
    
	
 
    	
 
    	
 
    	
Name: Mark Yeager
    
	
 
    	
 
    	
 
    	
Title: President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
TENANT:
    
	
 
    	
 
    	
QUICKEN LOANS, INC.
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Angelo V. Vitale
    	
 
    	
By: 
    	
/s/ William Emerson
    
	
 
    	
Name: Angelo V. Vitale
    	
 
    	
Name:
    	
William Emerson
    
	
 
    	
 
    	
Title:
    	
Chief Executive Officer
    
						

 

8

 

 

 

 

 

EXHIBIT B

 

RENT PAYMENT SCHEDULE

 

 

Exhibit B-Rent Schedule

 

	
 
    	
 
    	
Original Space
    	
 
    	
4th Floor Expansion Premises
    	
 
    	
1st Floor Expansion Premises
    	
 
    	
5th Floor Expansion Premises
    	
 
    	
1st, 2nd, 3rd, 4th & 5th Floor 
   Premises
    	
 
    
	
Date of Document:
    	
 
    	
07/06/04
    	
 
    	
 
    	
 
    	
07/13/05
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
3rd
    	
 
    	
30,955
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2nd
    	
 
    	
29,351
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
RSF Area:
    	
 
    	
60,306
    	
 
    	
 
    	
 
    	
31,441
    	
 
    	
 
    	
 
    	
91,747
    	
 
    	
5,481
    	
 
    	
 
    	
 
    	
97,228
    	
 
    	
30,389
    	
 
    	
 
    	
 
    	
 
    	
 
    	
127,617
    	
 
    	
 
    	
 
    
	
Term Comm.Date:
    	
 
    	
08/16/04
    	
 
    	
 
    	
 
    	
09/01/05
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Rent Comm, Date:
    	
 
    	
02/16/05
    	
 
    	
 
    	
 
    	
03/01/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
06/01/07
    	
 
    	
 
    	
 
    	
 
    	
 
    	
05/15/07
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Anticipated Term   Comm. Date:
    	
 
    	
N/A
    	
 
    	
 
    	
 
    	
N/A
    	
 
    	
 
    	
 
    	
 
    	
 
    	
09/15/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
09/15/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
RFS Area of   Building:
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
 
    	
 
    	
213,290
    	
 
    
	
Tenant’s Share:
    	
 
    	
 
    	
 
    	
28,27
    	
%
    	
 
    	
 
    	
14.74
    	
%
    	
43.02
    	
%
    	
 
    	
 
    	
2.57
    	
%
    	
 
    	
 
    	
 
    	
 
    	
14.25
    	
%
    	
 
    	
 
    	
 
    	
 
    	
59.83
    	
%
    

 

	
Dates
    	
 
    	
Rent Rate/SF
    	
 
    	
Monthly Rent
    	
 
    	
Annual Rent
    	
 
    	
Rent 
   Rate/SF 
    	
 
    	
Mohthly 
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Rent 
   Rate/SF
    	
 
    	
Monthly 
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Rent 
   Rate/SF
    	
 
    	
Monthly 
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Monthly Rent
    	
 
    	
Annual Rent.
    	
 
    
	
[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
[***]
    	
 
    

 

1

 

Exhibit B-Rent Schedule

 

	
 
    	
 
    	
Original Space
    	
 
    	
4th Floor-Expansion Premises
    	
 
    	
1st Floor Expansion Premises
    	
 
    	
5th Floor Expansion Premises
    	
 
    	
1st 2nd, 3rd, 4th & 5th Floor 
   Premises
    	
 
    
	
Date of Document;
    	
 
    	
07/06/04
    	
 
    	
 
    	
 
    	
07/13/05
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
3rd
    	
 
    	
30,955
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2nd
    	
 
    	
29,351
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
RSF Area:
    	
 
    	
60,306
    	
 
    	
 
    	
 
    	
31,441
    	
 
    	
 
    	
 
    	
91,747
    	
 
    	
5,481
    	
 
    	
 
    	
 
    	
97,228
    	
 
    	
30,389
    	
 
    	
 
    	
 
    	
 
    	
 
    	
127,617
    	
 
    	
 
    	
 
    
	
Term Comm. Date:
    	
 
    	
08/16/04
    	
 
    	
 
    	
 
    	
09/01/05
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Rent Comm Date:
    	
 
    	
02/16/05
    	
 
    	
 
    	
 
    	
03/01/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
06/01/07
    	
 
    	
 
    	
 
    	
 
    	
 
    	
05/15/07
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Anticipated Term Comm. Date:
    	
 
    	
N/A
    	
 
    	
 
    	
 
    	
N/A
    	
 
    	
 
    	
 
    	
 
    	
 
    	
09/15/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
09/15/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
RFS Area of Building:
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
 
    	
 
    	
213,290
    	
 
    
	
Tenant’s Share:
    	
 
    	
 
    	
 
    	
28.27
    	
%
    	
 
    	
 
    	
14.74
    	
%
    	
43.02
    	
%
    	
 
    	
 
    	
2.57
    	
%
    	
 
    	
 
    	
 
    	
 
    	
14.25
    	
%
    	
 
    	
 
    	
 
    	
 
    	
59.83
    	
%
    

 

	
Dates
    	
 
    	
Rent Rate/SF
    	
 
    	
Monthly Rent
    	
 
    	
Annual Rent
    	
 
    	
Rent Rate/SF
    	
 
    	
Monthly Rent
    	
 
    	
Annual Rent.
    	
 
    	
Rent
   Rate/SF
    	
 
    	
Monthly
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Rent 
   Rate/SF
    	
 
    	
Monthly 
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Monthly Rent
    	
 
    	
Annual Rent
    	
 
    
	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
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[***]
    	
 
    
	
[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    
	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    
	
[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    
	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
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[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    

 

2

 

Exhlbit B -Rent Schedule

 

	
 
    	
 
    	
Original Space
    	
 
    	
4th Floor Expansion Premises
    	
 
    	
1st Floor Expansion Premises
    	
 
    	
5th Floor Expansion Premises
    	
 
    	
1st, 2nd, 3rd, 4th & 5th 6th FloorPremises
    	
 
    
	
Date of   Document:
    	
 
    	
07/06/04
    	
 
    	
 
    	
 
    	
07/13/05
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
3rd
    	
 
    	
30,955
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2nd
    	
 
    	
29,351
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
RSF Area:
    	
 
    	
60,305
    	
 
    	
 
    	
 
    	
31,441
    	
 
    	
 
    	
 
    	
91,747
    	
 
    	
5,481
    	
 
    	
 
    	
 
    	
97,228
    	
 
    	
30,389
    	
 
    	
 
    	
 
    	
 
    	
 
    	
127,617
    	
 
    	
 
    	
 
    
	
Term Comm.Date:
    	
 
    	
08/16/04
    	
 
    	
 
    	
 
    	
09/01/05
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Rent Comm. Date:
    	
 
    	
02/16/05
    	
 
    	
 
    	
 
    	
03/01/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
06/01/07
    	
 
    	
 
    	
 
    	
 
    	
 
    	
05/15/07
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Anticipated Term   Comm. Date:
    	
 
    	
N/A
    	
 
    	
 
    	
 
    	
N/A
    	
 
    	
 
    	
 
    	
 
    	
 
    	
09/15/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
09/15/06
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
RFS Area of   Building:
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
 
    	
 
    	
213,290
    	
 
    	
 
    	
 
    	
 
    	
 
    	
213,290
    	
 
    
	
Tenant’s Share:
    	
 
    	
 
    	
 
    	
28.27
    	
%
    	
 
    	
 
    	
14.74
    	
%
    	
43.02
    	
%
    	
 
    	
 
    	
2.57
    	
%
    	
 
    	
 
    	
 
    	
 
    	
14.25
    	
%
    	
 
    	
 
    	
 
    	
 
    	
59.83
    	
%
    

 

	
Dates
    	
 
    	
Rent Rate/SF
    	
 
    	
Monthly Rent
    	
 
    	
Annual Rent.
    	
 
    	
Rent 
   Rate/SF
    	
 
    	
Monthly 
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Rent 
   Rate/SF
    	
 
    	
Monthly 
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Rent 
   Rate/SF
    	
 
    	
Monthly
   Rent
    	
 
    	
Annual Rent
    	
 
    	
Monthly   Rent
    	
 
    	
Annual Rent
    	
 
    
	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    
	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
[***]
    	
 
    	
 
    	
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3

 

EXHIBIT C

 

CONTRACTOR RULES

 

1.             PARKING. All loading, unloading, and parking of vehicles of the Approved Contractor and its employees shall be done only in areas designated by the Landlord.

 

2.             TRASH. No trash may be placed in Building compactors or dumpsters. No trash may be put in the common area. All trash must be stored in the Expansion Space Space. All trash must be removed daily, after Building hours. Approved Contractor shall be allowed only two dumpsters on site at any one time. All costs associated with the dumpsters shall be at contractor’s expense. The areas around the dumpsters shall be kept clean and free of debris. The dumpster locations shall be designated by the Landlord.

 

3.             DUST AND DIRT. Tracking unreasonable quantities of dirt and dust into the common area is prohibited. Approved Contractor’s employees shall remove as much dirt and dust as possible before entering the common area.

 

4.             DAMAGE. Any damage to walls, floors or ceiling must be repaired by the Approved Contractor before construction is complete.

 

5.             STORAGE OF EQUIPMENT. Storage of all tools, equipment, and supplies is limited to the Demised Premises.

 

6.             ENTRY TO DEMISED PREMISES. Deliveries and all entries by Approved Contractor shall be made through the rear entrance or service entrance of the Building. If items are too large to fit through the Building’s rear entrance or service entrance, Approved Contractor may only deliver through the front entrance after receiving Landlord’s prior written permission. Contractors shall only use the freight elevator for deliver of materials and transporting tools and equipment.

 

7.             OUTSIDE WORK. All work is to be completed in the Expansion Space only. No work is to be performed in the common areas or other tenant spaces without the Landlord’s prior approval.

 

8.             LOANING OF EQUIPMENT. No Building equipment will be loaned to the Approved Contractor.

 

9.             QUALITY OF WORK. Approved Contractor work shall be performed in a thorough, first-class, and workmanlike manner and shall be in good and usable condition at the date of completion thereof.

 

10.          ODORS. Proper care must be taken when working with glues, paints, and any other materials requiring special ventilation so that objectionable odors do not waft into the common area or other tenant spaces.

 

 

11.          WELDING AMD PENETRATION. No welding and/or slab penetration shall be permitted without Landlord’s prior approval.

 

12.          SPRINKLERS. At no time shall the sprinkler system be shut down without Landlord’s prior approval.

 

13.          IRREGULAR HOURS. Approved Contractor shall not perform any work before or after Building hours without the Landlord’s prior approval.

 

14.          NOISE. Use of jackhammers, rivet guns, and grinding equipment is not allowed during Building hours without Landlord’s prior permission. All radio, music and construction noise must be kept at a low volume so that it cannot be heard outside the Expansion Space.

 

15.          ROOF. Approved Contractor shall not go on the roof without the prior written approval of Landlord.

 

16.          ASBESTOS. All materials incorporated in the Expansion Space by the Approved Contractor shall be 100 percent free of asbestos-containing materials.

 

17.          ELECTRICAL ROOM. The Approved Contractor shall not enter the electrical room without Landlord’s permission.

 

18.          FIRE EXTINGUISHER. The Approved Contractor shall keep fire extinguishers in the Expansion Space at all times.

 

19.          No smoking in the building, demised premises or Expansion Space.

 

2

 

EXHIBIT D

 

WALL WORK

 

 

 

 

 

EXHIBIT E

 

WITT MECHANICAL, INC. LETTER DATED SEPTEMBER 18, 2006

 

 

WITT

 

MECHANICAL inc.

 

COMMERCIAL AND INDUSTRIAL

 

HEATING · AIR CONDITIONING · BUILDING SYSTEMS

 

September 18.2006

 

Finsirver / Friedman Management

34975 West 12 Mile Road

Farmington Hills, Ml 48331-3269

 

Attn: Stanley Finsilver and David Friedman

 

Re: 800 Tower Drive

 

At the time of our physical inspection the following Issues were noted:

 

Air Side:

 

Second Floor

 

	
I-
    	
Zone 2-3 has 5   linear dtffusers En scries. Found the branch line to branch 2 off controller.   Branch 2 should be removed from zone 2-3 and added to zone 2-26 (The   thermostat is not in the correct area) The building as built prints arid the   computer prints do not accurately show this zone.
    
	
 
    	
 
    
	
2-
    	
Zone 2-6
    	
Branch 2
    	
Bladder at 0 at   full cool.
    
	
 
    	
 
    	
 
    	
 
    
	
3-
    	
Zone 2-13
    	
Zone temperature   set point will not change, box does not respond.
    
	
 
    	
 
    	
 
    
	
4-
    	
Zone 2-18
    	
Boxes don’t   respond.
    
	
 
    	
 
    	
 
    
	
5-
    	
Zone 2-21
    	
Zone temperature   set point will not change, box docs not respond.
    
	
 
    	
 
    	
 
    
	
6-
    	
Zone 2-23
    	
Box set at 63   deg., zone temp 73 deg. Box works but needs more air.
    
	
 
    	
 
    	
 
    
	
7-
    	
Zone 2-27
    	
Box set to 2”   w.c.
    
	
 
    	
 
    	
 
    
	
8-
    	
Zonc2-34
    	
Branch 2 calling   for 0 but reads 1.14.
    
	
 
    	
 
    	
 
    
	
9-
    	
Zone 2-41
    	
is actually zone   24.
    

 

Third Floor

 

	
1-
    	
Zone 3-1
    	
Branch 2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
2-
    	
Zone 3-2
    	
Branch I
    	
Not closing   fully.
    
	
 
    	
 
    	
 
    	
 
    
	
3-
    	
Zone 3-3
    	
Branch 2
    	
Low pressure
    
	
 
    	
 
    	
 
    	
 
    
	
4-
    	
Zone 3-5 
    	
Branch 2 
    	
Low pressure
    
	
 
    	
 
    	
 
    	
 
    
	
5-
    	
Zone 3-6
    	
All branches set   at 0.
    	
Box not responding.
    
	
 
    	
 
    	
 
    
	
6-
    	
Zone 3-9
    	
Space   temperature shows -327.1 (Abandoned box?)
    
	
 
    	
 
    	
 
    
	
7-
    	
Zone 3-10
    	
Zone temperature   set point will not change, box does not respond.
    
	
 
    	
 
    	
 
    
	
8-
    	
Zone 3-11
    	
Branch   1 & 2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
9-
    	
Zone 3-12
    	
Branch 2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
10-
    	
Zones 3-15
    	
Branch   1 & 2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
11-
    	
Zone 3-16
    	
Zone temperature   set point will not change, box docs not respond.
    
	
 
    	
 
    	
 
    
	
12-
    	
Zone 3-17
    	
Braneh 2&3
    	
Low prcssure.
    
	
 
    	
 
    	
 
    	
 
    
	
13-
    	
Zone 3-18
    	
Branch 1&2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
14-
    	
Zone 3-20
    	
Branch 3
    	
Low pressure,   box not responding.
    
	
 
    	
 
    	
 
    	
 
    
	
15-
    	
Zone 3-27
    	
Branch 2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
16-
    	
Zone 3-28
    	
Branch 3
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
17-
    	
Zone 3-29
    	
Branch 1&2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
18-
    	
Zone 3-31
    	
Branch 2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
19-
    	
Zone 3-39
    	
Zone temperature   set point will not change, box does not respond.
    

 

Fourth Floor

 

28722 wull Street · Wixom. MI 48393 · Phone: (248) 596-0460 · Fax: (248) 596-0461

 

 

WITT

 

MECHANICAL inc.

 

COMMERCIAI, AND INDUSTRIAL

 

HEATING - AIR CONDITIONING · BUILDING SYSTEMS

 

	
1-
    	
Zone 4-2
    	
Branch 2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
2-
    	
Zone 4-5
    	
Branch 1-3
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
3-
    	
Zone 4-10
    	
Branch 1
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
4-
    	
Zone 4-11
    	
Branch 2
    	
Not closing   fully.
    
	
 
    	
 
    	
 
    	
 
    
	
5-
    	
Zone 4-14
    	
Box working   intermittently, box does not respond.
    
	
 
    	
 
    	
 
    	
 
    
	
6-
    	
Zone 4-19
    	
Branc 1
    	
Not closing   fully.
    
	
 
    	
 
    	
 
    	
 
    
	
7-
    	
Zone 4-20
    	
Branch 2
    	
Box does not   respond.
    
	
 
    	
 
    	
 
    	
 
    
	
8-
    	
Zone 4-22
    	
Branch 1
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
9-
    	
Zonc4-24
    	
Biranch 1
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
10-
    	
Zone 4-26
    	
Branch   1 &.2
    	
Low prcssure.
    
	
 
    	
 
    	
 
    	
 
    
	
11-
    	
2one 4-27
    	
 
    	
2 vav’s reed   same area,
    
	
 
    	
 
    	
 
    	
 
    
	
12-
    	
Zone 4-29
    	
Branch 3
    	
Low pressure,
    
	
 
    	
 
    	
 
    	
 
    
	
13-
    	
Zone 4-31
    	
Branch 1
    	
Not closing   fully.
    
	
 
    	
 
    	
 
    	
 
    
	
14-
    	
Zone 4-33
    	
Stanch   1 &2
    	
Low pressure.
    
	
 
    	
 
    	
 
    	
 
    
	
15-
    	
Zona 4-35
    	
Branch   1 &2
    	
Not closing   folly.
    

 

Recommendations:

 

1- VAV set points should never ho in access of the static available in the duct.

 

2- Repair all boxes with control issues.

 

3- Air balance each zone so each branch can reach its calculated set paint.

 

4- Add a new high pressure supply run to zone 2-3 branch 2.

 

5- Reprogrem arid relocate branch 2 from zone 2-3 to zone 26.

 

6- Update prints and computer graphics to reflect actual duct.

 

7- Install regufar electronically controlled vav boxes on all feture renovations to better control air volumes during periods; of high demand.

 

Notes:

 

1- There are 2 supplemental A.C. wits with remote condensers in the ceiling on the 7th floor.

 

2- 2  offices and 1 electrical ctoset have exhaust fans on the 6th floor.

 

3- 2 offices and 1 phone room have exhaust fans on the 5th floor.

 

4- Some additional ductwork may be needed aftcr the air balance is complete to provide enough air to the zones.

 

5- We were not able to check the house systems in depth because wo were not able to shut down or cycle any of the equipment. Per building engineer.

 

	
Please don’t   hesitate to call if you have any questions.
    	
 
    
	
 
    	
 
    
	
/s/ Tim Helmle
    	
 
    
	
Tim Helmle
    	
 
    
	
Witt Mechanical,   Inc.
    	
 
    
	
248-596-0460
    	
 
    

 

28722 Wall Street · Wixom, M8 48393 · Phone: (248) 596-0460 · Fax: (248) 596-0461

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