Document:

EX-10.33

 Exhibit 10.33 

SECOND AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT 

OF 
 WMG MANAGEMENT
HOLDINGS, LLC 
 Dated as of March 10, 2017 

					
	 	  	Page	 
	ARTICLE I	  

	FORMATION OF THE COMPANY	  

		
	 Section 1.1    Name; Authorized Persons.
	  	 	1	 
	 Section 1.2    Term of Company.
	  	 	1	 
	 Section 1.3    Registered Agent and Office.
	  	 	2	 
	 Section 1.4    Qualification in Other Jurisdictions.
	  	 	2	 
	 Section 1.5    Taxable Year.
	  	 	2	 
	
	ARTICLE II	  

	PURPOSE AND POWERS OF THE COMPANY	  

		
	 Section 2.1    Purpose.
	  	 	2	 
	 Section 2.2    Powers of the Company.
	  	 	2	 
	 Section 2.3    Qualification in Other Jurisdictions.
	  	 	2	 
	
	ARTICLE III	  

	MEMBERS AND UNITS	  

		
	 Section 3.1    Powers of Members.
	  	 	2	 
	 Section 3.2    Units.
	  	 	3	 
	 Section 3.3    No Cessation of Membership upon Bankruptcy.
	  	 	4	 
	 Section 3.4    Additional Members and Increased Capital
Contributions.
	  	 	4	 
	 Section 3.5    No Continued Right to Employment.
	  	 	5	 
	 Section 3.6    Restrictive Covenants.
	  	 	5	 
	
	ARTICLE IV	  

	MANAGEMENT	  

		
	 Section 4.1    Management.
	  	 	8	 
	 Section 4.2    Designation of Officers.
	  	 	9	 
	
	ARTICLE V	  

	CAPITAL ACCOUNTS; CAPITAL CONTRIBUTIONS	  

		
	 Section 5.1    Capital Accounts.
	  	 	9	 
	 Section 5.2    Adjustments.
	  	 	9	 
	 Section 5.3    Additional Capital Contributions.
	  	 	9	 
	 Section 5.4    Negative Capital Accounts.
	  	 	10	 

  
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	 	  	Page	 
	ARTICLE VI	  

	DISTRIBUTIONS	  

		
	 Section 6.1    Distributions.
	  	 	10	 
	 Section 6.2    Distributions In Kind.
	  	 	10	 
	 Section 6.3    No Withdrawal of Capital.
	  	 	10	 
	 Section 6.4    Withholding.
	  	 	11	 
	 Section 6.5    Restricted Distributions.
	  	 	11	 
	
	ARTICLE VII	  

	ALLOCATIONS	  

		
	 Section 7.1    Allocations to Capital Accounts.
	  	 	11	 
	 Section 7.2    Tax Allocations and Other Tax Matters.
	  	 	12	 
	
	ARTICLE VIII	  

	BOOKS AND RECORDS	  

		
	 Section 8.1    Books, Records and Financial Statements.
	  	 	13	 
	 Section 8.2    Filings of Returns and Other Writings; Tax Matters
Partner.
	  	 	13	 
	
	ARTICLE IX	  

	LIABILITY, EXCULPATION AND INDEMNIFICATION	  

		
	 Section 9.1    Liability.
	  	 	14	 
	 Section 9.2    Exculpation.
	  	 	14	 
	 Section 9.3    Fiduciary Duty.
	  	 	14	 
	 Section 9.4    Indemnification.
	  	 	14	 
	 Section 9.5    Expenses.
	  	 	14	 
	 Section 9.6    Severability.
	  	 	15	 
	
	ARTICLE X	  

	TRANSFERS OF INTERESTS	  

		
	 Section 10.1    Transfers of Interests by Members.
	  	 	15	 
	 Section 10.2    Effect of Assignment.
	  	 	16	 
	 Section 10.3    Overriding Provisions.
	  	 	16	 
	 Section 10.4    Involuntary Transfers.
	  	 	16	 
	 Section 10.5    Substitute Members.
	  	 	17	 
	 Section 10.6    Release of Liability.
	  	 	17	 
	 Section 10.7    Tag-Along and
Drag-Along Rights.
	  	 	17	 

  
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	 	  	Page	 
	ARTICLE XI	  

	REDEMPTIONS AND FORFEITURES	  

		
	 Section 11.1    Company Option to Redeem Class A Units and Vested
Class B Units.
	  	 	19	 
	 Section 11.2    Forfeiture of Class B Units.
	  	 	20	 
	 Section 11.3    Option of Service Members to Redeem Units.
	  	 	21	 
	 Section 11.4    Mandatory Redemption.
	  	 	22	 
	 Section 11.5    Redemption Mechanics.
	  	 	22	 
	 Section 11.6    Limitation on Distributions.
	  	 	23	 
	 Section 11.7    Effect on Status.
	  	 	23	 
	 Section 11.8    431 Election for Class A Units.
	  	 	23	 
	
	ARTICLE XII	  

	DISSOLUTION, LIQUIDATION AND TERMINATION	  

		
	 Section 12.1    Dissolving Events.
	  	 	24	 
	 Section 12.2    Dissolution and
Winding-Up.
	  	 	24	 
	 Section 12.3    Distributions in Cash or in Kind.
	  	 	25	 
	 Section 12.4    Termination.
	  	 	25	 
	 Section 12.5    Claims of the Members.
	  	 	25	 
	
	ARTICLE XIII	  

	DEFINED TERMS	  

		
	 Section 13.1    Definitions.
	  	 	25	 
	
	ARTICLE XIV	  

	MISCELLANEOUS	  

		
	 Section 14.1    No Conflict with the Plan.
	  	 	32	 
	 Section 14.2    Amendments.
	  	 	32	 
	 Section 14.3    Certain Tax Matters.
	  	 	32	 
	 Section 14.4    Notices.
	  	 	32	 
	 Section 14.5    Governing Law.
	  	 	33	 
	 Section 14.6    Waiver of Jury Trial.
	  	 	33	 
	 Section 14.7    Waiver of Partition.
	  	 	33	 
	 Section 14.8    Severability.
	  	 	33	 
	 Section 14.9    Headings, etc.
	  	 	33	 
	 Section 14.10   Entire Agreement.
	  	 	34	 
	 Section 14.11   Counterparts.
	  	 	34	 
	 Section 14.12   Further Actions.
	  	 	34	 
	 Section 14.13   Power of Attorney.
	  	 	34	 

  
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 SECOND AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT OF 

WMG MANAGEMENT HOLDINGS, LLC 

This Second Amended and Restated Limited Liability Company Agreement of WMG Management Holdings, LLC, dated as of March 10, 2017, is
entered into by the Company, AI Entertainment Management, LLC (the “Managing Member”) and the Persons listed on Schedule A attached hereto, as the same may be amended from time to time (the
“Members”). 
 W I T N E S S E T H: 

WHEREAS, the Company was formed pursuant to a Certificate of Formation filed for recordation in the office of the Secretary of State of the
State of Delaware on December 12, 2012; and 
 WHEREAS, the Managing Member desires to amend and restate the Amended and Restated
Limited Liability Company Agreement, dated as of December 4, 2013, between the Managing Member and the Members to make certain provisions for the affairs of the Company and the conduct of its business and the rights and obligations of the
parties on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the agreements and obligations set forth herein
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

ARTICLE I 
 FORMATION OF THE
COMPANY 
 Section 1.1Name; Authorized Persons.

(a)Name of the Company. The name of the Company is “WMG Management Holdings, LLC.” The business of the Company may
be conducted under such other names as the Managing Member may from time to time designate. 
 (b)Authorized Persons. A person
designated as an authorized person within the meaning of the Act, has executed, delivered and filed the Certificate. On January 7, 2013, his or her powers as an authorized person ceased and each Officer of the Company became designated as
an authorized person within the meaning of the Delaware Act and may execute, deliver and file any and all amendments to and restatements of the Certificate. 

Section 1.2Term of Company. The term of the Company commenced on the date of the initial filing of the Certificate with the
Secretary of State of the State of Delaware. The Company may be terminated in accordance with the terms and provisions hereof, and shall continue unless and until dissolved as provided in Article XII. The existence of the Company as a
separate legal entity shall continue until the cancellation of the Certificate as provided in the Delaware Act. 

  
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 Section 1.3Registered Agent and Office. The Company’s registered agent
and office in the State of Delaware shall be Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware, 19808. The Managing Member may designate another registered agent and/or registered office from time to time in
accordance with the then applicable provisions of the Delaware Act and any other applicable laws. 
 Section 1.4Qualification in
Other Jurisdictions. Any authorized person of the Company shall execute, deliver and file any certificates (and any amendments and/or restatements thereof) necessary for the Company to qualify to do business in a jurisdiction in which the
Company may wish to conduct business. 
 Section 1.5Taxable Year. The taxable year of the Company for federal, state and
local income tax purposes shall end on December 31. 
 ARTICLE II 

PURPOSE AND POWERS OF THE COMPANY 

Section 2.1Purpose. The purposes of the Company are, and the nature of the business to be conducted and promoted by the
Company is, holding shares of WMG Common Stock, engaging in any lawful act or activity for which limited liability companies may be formed under the Delaware Act and engaging in all acts or activities as the Company deems necessary, advisable or
incidental to the furtherance of the foregoing. 
 Section 2.2Powers of the Company. The Company shall have the power and
authority to take any and all actions that are necessary, appropriate, advisable, convenient or incidental to or for the furtherance of the purposes set forth in Section 2.1. 

Section 2.3Qualification in Other Jurisdictions. The Company shall cause itself to be qualified, formed or registered under
assumed or fictitious name statutes or similar laws in any jurisdiction in which the Company transacts business and in which such qualification or registration is required by law or deemed advisable by the Company. Any Company officer as an
authorized person within the meaning of the Act may execute, deliver and file any certificates (and any amendments and/or restatements thereof) necessary for the Company to qualify to do business in a jurisdiction in which the Company may wish to
conduct business. 
 ARTICLE III 

MEMBERS AND UNITS 

Section 3.1Powers of Members. The Members shall have the power to exercise any and all rights or powers granted to the
Members pursuant to the express terms of this Agreement. The approval or consent of the Members shall not be required in order to authorize the taking of 

  
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any action by the Company, unless and then only to the extent that (i) this Agreement shall expressly provide therefor, (ii) such approval or consent shall be required by
any provision of the Delaware Act that by its terms may not be waived or (iii) the Managing Member shall determine that obtaining such approval or consent would be appropriate or desirable. The Service Members, as such, shall have
no power to bind the Company. 
 Section 3.2Units.

(a)Units Generally. The Company will have the following authorized classes of Units: Class A Units, Class B Units and
Class C Units. 
 (b)No Voting Rights. All Class A Units and Class B Units shall be non-voting.
 (c)Class A Units. The Company shall issue Class A Units to Service Members
in exchange for shares (or fractional shares) of WMG Common Stock received upon settlement of Deferred Equity Units pursuant to the Plan. In addition, the Company may issue Class A Units to the Managing Member in exchange for shares (or
fractional shares) of WMG Common Stock.
 (d)Class B Units.

(i)Initial Issuance. In connection with the performance of services to or for the benefit of the Company, the
Company shall (within 90 days of the date a Service Member begins to participate in the Plan) issue to the Service Member a number of Class B Units equal to the Service Member’s Initial Unit Allocation and (within 90 days of the date a
Service Member receives an Additional Unit Allocation under the Plan) issue to the Service Member a number of additional Class B Units equal to the Service Member’s Additional Unit Allocation. 

(ii)Vesting. Class B Units held by a Service Member shall vest at the times and to the extent that Deferred Equity
Units are credited to the Service Member’s Deferral Account under the Plan and shall be subject to forfeiture as provided in Section 11.2; provided that if a Change in Control occurs prior to the date on which unvested
Class B Units were scheduled to vest pursuant to this Section 3.2(d)(ii), then, immediately prior to such Change in Control, a number of Class B Units shall vest equal to the number of Deferred Equity Units that are then credited to
such Service Member’s Deferral Account pursuant to Section 8.1(a) of the Plan. 
 (iii)Benchmark
Amount. The Benchmark Amount of each Class B Unit shall be determined at the time such Class B Unit is issued to a Service Member and shall equal the then current Fair Market Value of one WMG Fractional Share, which shall be
reflected on Schedule A. For the avoidance of doubt, the Benchmark Amount of each Class B Unit granted on the Effective Date shall be the Initial Base Investment Price. 

  
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 (iv)Reallocation of Class B Units. If at any time the
Managing Member owns Class B Units, the Managing Member may, in its sole discretion, cause the Company to cancel all or any portion of such Class B Units, without payment by the Company, for the purpose of granting up to an equal number of
Class B Units (with Benchmark Amounts determined at the date of such grant) to Service Members (whether existing Members or Additional Members). Upon any such cancellation and grant, the Managing Member shall reallocate the WMG Fractional
Shares that were allocated to such cancelled Class B Units of the Managing Member to the newly-granted Class B Units of such Service Members, in which case the Benchmark Amounts applicable to such newly-granted Class B Units shall be
allocated to the Managing Member.
 (e)Class C Units. As of any date, a number of the Class A Units held by the Managing
Member shall be reclassified as Class C Units. The number of such Class A Units reclassified as Class C Units as of any date shall equal the number of Class B Units outstanding (whether vested or unvested) as of such
date. Class C Units shall not have any rights to distributions under this Agreement. 
 (f)Redemption and Forfeiture. Units
owned by Service Members are subject to redemption and/or forfeiture as provided in Article XI. 
 (g)Adjustment Events. The
number and kind of shares or other equity interests to which Class A Units, Class B Units, Class C Units and WMG Fractional Shares may relate, the number and kinds of securities deliverable and the Benchmark Amounts shall be
proportionally adjusted to reflect, as deemed equitable and appropriate by the Managing Member, any stock dividend, stock split, share combination, recapitalization, merger, consolidation, reorganization, exchange of shares or any other similar
event affecting WMG Common Stock.
 (h)Unit Certificates. The Company may at any time and at the discretion of the Managing
Member issue one or more Unit Certificates in the name of a Member in respect of the issue or reallocation of a Unit to that Member and record the issue or reallocation of such Unit to such Member in the records of the Company. 

Section 3.3No Cessation of Membership upon Bankruptcy. A Person shall not cease to be a Member of the Company upon the
happening, with respect to such Person, of any of the events specified in Section 18-304 of the Delaware Act. 

Section 3.4Additional Members and Increased Capital Contributions.

(a)Generally. The Company may admit one or more additional Members (each an “Additional Member”) and may permit
previously admitted Members to increase their investment in the Company, in each case, upon the approval of the Managing Member. The Managing Member shall approve the admission of any Person who is granted Class B Units pursuant to the
Plan or the increased Capital Contribution from any Person who contributes WMG Fractional Shares to the Company pursuant to the Plan.
  

  
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 (b)Procedures. Each Person shall be admitted as an Additional Member at the time
such Person (i) executes a counterpart to this Agreement, (ii) complies with the applicable Managing Member resolution, if any, with respect to such admission and (iii) is named as a Member in Schedule
A hereto. Upon the admission of an Additional Member, an increase in a Service Member’s Maximum Unit Allocation or an increased investment in the Company, to the extent applicable, the Managing Member: (A) shall
determine the number of Units to be issued to such Additional Member (or existing Member); (B) shall determine the Benchmark Amounts with respect to any Class B Units issued at such time to the Additional Member (or existing Member); and
(C) may cause the Company to issue one or more Unit Certificates in the name of such Additional Member (or existing Member) and record the issuance of Units to such Additional Member (or existing Member) in the records of the Company.

 Section 3.5No Continued Right to Employment. Nothing in this Agreement will be construed as providing any Member any
right to continued employment by the Company, WMG or any of its Affiliates, nor will it be construed as limiting or otherwise affecting any of such Member’s obligations or duties owed to WMG and its Affiliates in his or her capacity as an
employee of WMG or any of its Affiliates.
 Section 3.6Restrictive Covenants. The covenants and restrictions contained in
this Section 3.6 shall be in addition to and not in lieu of any covenants or restrictions applying to any Service Member pursuant to any employment, severance or services agreement between such Service Member and WMG or any of its Affiliates
and are intended to reflect the special obligations of the Service Members as Members of the Company. 
 (a)Non-Competition. Each Service Member hereby covenants and agrees that, during the period the Service Member holds, directly or indirectly, any equity interest in the Company or, if earlier, until the date
of the applicable Service Member’s termination of employment for any reason (the “Restricted Period”), such Service Member shall not become associated with any entity, whether as a principal, partner, employee, member,
consultant or shareholder (other than as a holder of not in excess of 1% of the outstanding voting shares of any publicly traded company), that is actively engaged in any geographic area in which WMG or any of its Affiliates does business in any
business which is either (i) in competition with the businesses of WMG and its Affiliates or (ii) proposed to be conducted by WMG or any of its Affiliates in any business plan of WMG or any of its
Affiliates; provided, however, this Section 3.6(a) shall not apply with respect to any activities which are (A) expressly permitted pursuant to the terms of any employment, severance or services agreement or
letter between the applicable Service Member and WMG or any of its Affiliates or (B) previously approved by WMG, its Board of Directors or a committee thereof pursuant to WMG’s conflict of interest resolution procedures. 

  
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 (b)Non-Solicitation of Employees, Artists and
Labels. Each Service Member (other than a Service Member located in the State of California) hereby covenants and agrees that, during the Restricted Period and for the one-year period thereafter, such
Service Member shall not, directly or indirectly, as an employee, agent, consultant, partner, joint venture, owner, officer, director, member of any other firm, partnership, corporation or other Person or in any other capacity: 

(i)hire or make an offer of employment to any then-current employees of WMG or any of its Affiliates in the United States or to
any individuals who were employees of WMG or any of its Affiliates in the United States in the prior six-month period (collectively, the “Restricted Employees”); 

(ii)solicit, negotiate with, induce, persuade encourage or otherwise attempt to solicit, negotiate with, induce, persuade or
encourage any Restricted Employees to (A) terminate his or her employment with WMG or any of its Affiliates, (B) refrain from extending his or her employment with WMG or any of its Affiliates, (C) refrain from
entering into a new employment arrangement with WMG or any of its Affiliates, (D) enter into any employment arrangement with any competitor of WMG or any of its Affiliates or (E) violate any provision of a Restricted
Employee’s Contract with WMG or any of its Affiliates; 
 (iii)enter into any Contract with any Restricted Artist or
Restricted Label; or 
 (iv)solicit, negotiate with, induce, persuade, encourage or otherwise attempt to solicit, negotiate
with, induce, persuade or encourage any Restricted Artist or Restricted Label to (A) terminate his, her or its relationship or Contract with WMG or any of its Affiliates, (B) refrain from extending his, her or its
relationship or Contract with WMG or any of its Affiliates, (C) refrain from entering into a new Contract with WMG or any of its Affiliates, (D) enter into any relationship or Contract with any competitor of WMG or any of its
Affiliates or (E) violate any provision of the Restricted Artist’s or Restricted Label’s Contract with WMG or any of its Affiliates. 

In lieu of the preceding covenants and agreements in clauses (i) through (iv) of this Section 3.6(b), each Service Member located in
the State of California hereby covenants and agrees that, during the Restricted Period and for the one-year period thereafter, such Service Member shall not, directly or indirectly, as an employee, agent,
consultant, partner, joint venture, owner, officer, director, member of any other firm, partnership, corporation or other Person or in any other capacity: 

(v)solicit, induce or encourage any Restricted Employee in the United States to leave their employment with WMG or any of
its Affiliates; or 

  
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 (vi)(1) induce (or attempt to induce) a breach or disruption of
the contractual relationship between WMG or any of its Affiliates and any Restricted Artist or Restricted Label or (2) use the trade secrets or confidential information of WMG or any of its Affiliates to solicit, induce or
encourage any Restricted Artist or Restricted Label to end its relationship with WMG or any of its Affiliates, as applicable. 
 (c)Non-Disparagement. Each Service Member hereby covenants and agrees that such Service Member shall not at any time make any statements, directly or indirectly, to any Person that are intended to, or could
reasonably be expected to, damage the business or reputation of WMG or any of its Affiliates, including Access.

(d)Confidentiality. Each Service Member hereby covenants and agrees that such Service Member shall not at any time, either during
or following his or her employment with WMG or any of its Affiliates, disclose or reveal to any Person or make use of (otherwise than for the benefit of WMG or any of its Affiliates) any trade secrets or information of a secret or confidential
nature, including without limitation, matters of a business nature, such as information about costs, profits, markets, leases, details of recording or music publishing agreements, distribution agreements, customer Contracts, manufacturing processes,
financial information, technical and production know-how, developments, inventions, processes or administrative procedures, concerning the business or affairs of WMG or any of its Affiliates, which the Service
Member may have acquired in the course of or incident to the Service Member’s employment with WMG or any of its Affiliates, and the Service Member confirms that all such information (“Confidential Information”) is the exclusive
property of WMG and its Affiliates. This Section 3.6(d) shall not apply to disclosures by the Service Member (i) with the Company’s consent, (ii) to the Service Member’s legal counsel in connection with
seeking legal advice related hereto, (iii) to the Service Member’s accountants in connection with seeking financial or tax advice related hereto or (iv) as required by law, a court of competent jurisdiction or regulatory
agency or other governmental authority. Nothing herein shall prevent the Service Member, subsequent to the termination or expiration of his or her employment with WMG or any of its Affiliates, from using or availing himself or herself of
general technical skills, knowledge and experience, including that pertaining to or derived from the non-confidential aspects of the businesses of WMG or any of its Affiliates. The term “Confidential
Information” shall not include information generally available and known to the public other than as a result of a breach of this Section 3.6(d) by the Service Member. The Service Member agrees to hold as WMG property all Confidential
Information and all books, papers and other data and all copies thereof and therefrom, in any way relating to the businesses of WMG or any of its Affiliates, whether made or received by the Service Member, and, on termination of employment or upon
demand by WMG, to deliver the same to WMG. 
 (e)Results and Proceeds of Employment. Each Service Member acknowledges and agrees
that WMG or any of its Affiliates, as the case may be, shall own all rights of every kind and character throughout the world in perpetuity in and to any material and/or ideas written, suggested or in any way created by him or her during his or
her employment with WMG or any of 

  
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 its Affiliates and all other results and proceeds of his or her employment with WMG or any of its
Affiliates, including, but not limited to, all copyrightable material created by him or her within the scope of his or her employment. Each Service Member agrees to execute and deliver to WMG or any of its Affiliates, as the case may
be, such assignments or other instruments as the Company may require from time to time to evidence WMG’s or any of its Affiliates’, as the case may be, ownership of the results and proceeds of his or her services rendered to WMG or any of
its Affiliates. 
 (f)Remedies for Breach. Each Service Member acknowledges and agrees that the covenants and obligations of
such Service Member with respect to non-competition, non-solicitation, non-disparagement, confidentiality and results and
proceeds of employment in this Agreement relate to special, unique and extraordinary matters and that a violation or threatened violation of any of the terms of such covenants or obligations will cause WMG and its Affiliates (including the Company)
irreparable injury for which adequate remedies are not available at law. Therefore, each Service Member agrees, to the fullest extent permitted by law, that WMG or any of its Affiliates (including the Company) shall be entitled to an
injunction, restraining order or such other equitable relief (without the requirement to post bond) restraining such Service Member from committing any violation of the covenants or obligations contained in this Section 3.6. These
injunctive remedies are cumulative and are in addition to any other rights and remedies the Company, WMG or any of their Affiliates may have at law or in equity. In connection with the foregoing provisions of this Section 3.6, each Service
Member represents that his or her economic means and circumstances are such that such provisions will not prevent him or her from providing for the Service Member and his or her family on a basis satisfactory to him or her. 

(g)Unenforceable Restriction. It is expressly understood and agreed that although each Service Member and the Company consider the
restrictions contained in this Section 3.6 to be reasonable, if a final determination is made by an arbitrator to whom the parties have assigned the matter or a court of competent jurisdiction that any restriction contained in this Agreement is
an unenforceable restriction against any Service Member, the provisions of this Agreement shall not be rendered void but shall be reformed to apply as to such maximum time and to such maximum extent as such arbitrator or court may determine or
indicate to be enforceable. Alternatively, if such arbitrator or court finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be reformed so as to make it enforceable, such finding shall not affect
the enforceability of any of the other restrictions contained herein. 
 ARTICLE IV 

MANAGEMENT 

Section 4.1Management. The business and affairs of the Company shall be managed by and under the direction of the Managing
Member. The Managing Member shall be the “manager” of the Company for purposes of the Act. The Managing Member shall have complete and exclusive good faith discretion in the management and control of the affairs and business of

  
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 the Company and shall possess all powers necessary, convenient or appropriate to carrying out the purposes
and business of the Company and to performing all acts and entering into and performing all Contracts and other undertakings that it may deem necessary or advisable or incidental thereto, including doing all things and taking all actions necessary
to carry out the terms and provisions of this Agreement. 
 Section 4.2Designation of Officers. The Managing Member may
designate one or more officers and agents of the Company. Such officers and agents shall serve for such terms, hold such offices, exercise such powers and perform such duties as the Managing Member from time to time may determine to be
necessary, useful, appropriate, advisable, desirable or convenient. In addition, all officers and agents, as between themselves and the Company, shall have such authority and perform such duties in the management of the Company as generally
pertain or are necessarily incidental to their particular office or agency. 
 ARTICLE V 

CAPITAL ACCOUNTS; CAPITAL CONTRIBUTIONS 

Section 5.1Capital Accounts. A separate capital account (a “Capital Account”) shall be established and
maintained for each Member. Each Member’s Capital Accounts shall be credited with the amount of cash and Fair Market Value of property contributed by such Member to the Company, as set forth on Schedule A.

Section 5.2Adjustments. As of the end of each Accounting Period, the balance in each Member’s Capital Account shall be
adjusted by (i) increasing such balance by such Member’s (A) allocable share of each item of the Company’s income and gain for such Accounting Period (allocated in accordance with Section 7.1) and
(B) the amount of cash and the Fair Market Value of any property (as of the date of the contribution thereof and net of any liabilities encumbering such property) contributed to the Company by such Member during such Accounting Period,
if any, and (ii) decreasing such balance by (A) the amount of cash and the Fair Market Value of any property (as of the date of the distribution thereof and net of any liabilities encumbering such property) distributed
to such Member during such Accounting Period and (B) such Member’s allocable share of each item of the Company’s loss and deduction for such Accounting Period (allocated in accordance with Section 7.1).

Section 5.3Additional Capital Contributions. No Member shall be required to make any additional Capital Contribution to the
Company in respect of the Interests owned by such Member. The provisions of this Section 5.3 are intended solely to benefit the Members and, to the fullest extent permitted by applicable law, shall not be construed as conferring any
benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any additional Capital Contributions or to
cause the Managing Member to consent to the making of additional Capital Contributions.

  
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 Section 5.4Negative Capital Accounts. Except as required by law, no Member
shall be required to make up a negative balance in its Capital Account. 
 ARTICLE VI 

DISTRIBUTIONS 

Section 6.1Distributions. 

(a)Source. The Managing Member will determine in good faith the extent to which any distribution is made from Dividend Proceeds or
Exit Proceeds. The determination of the Managing Member will be final and binding on all Members. 
 (b)Dividend
Proceeds. Subject to Articles X and XI and Section 6.1(d), Dividend Proceeds will be apportioned among the Class A Units and Class B Units (including unvested Class B Units) held by the Members. The amounts so
apportioned to the Class A Units and vested Class B Units of a Member will be distributed to such Member. The amounts so apportioned to the unvested Class B Units held by a Member will be distributed to the Managing Member. 

(c)Exit Proceeds. Subject to Articles X and XI and Section 6.1(d), Exit Proceeds will be apportioned among the Class A
Units and Class B Units (including unvested Class B Units) held by the Members. The amounts so apportioned to the Class A Units will be distributed to such Member. The amounts so apportioned to the unvested Class B
Units held by a Member will be distributed to the Managing Member. The amounts so apportioned to the vested Class B Units held by a Member will be distributed (i) first, to the Managing Member up to the aggregate Benchmark
Amount of such vested Class B Units and (ii) thereafter, to such Member. 
 (d)Offset to Certain
Distributions. The Managing Member may, in its discretion, reduce the amount of any distributions to a Service Member under this Section 6.1 by all or any portion of the outstanding Unrecovered Investment Credit, if any, of the Service
Member, which offset amounts shall instead be distributed to the Managing Member. 
 Section 6.2Distributions In Kind. In
the event of a distribution of Company property pursuant to Section 6.1, such property shall for all purposes of this Agreement be deemed to have been sold at its Fair Market Value and the proceeds of such sale shall be deemed to have been
distributed to the Members. 
 Section 6.3No Withdrawal of Capital. Except as otherwise expressly provided in Article XII,
no Member shall have the right to withdraw capital from the Company or to receive any distribution or return of such Member’s Capital Contributions. 

  
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 Section 6.4Withholding. 

(a)Each Member shall, to the fullest extent permitted by applicable law, indemnify and hold harmless each Person who is or who is deemed to be
the responsible withholding agent for U.S. federal, state or local income tax purposes against all claims, liabilities and expenses of whatever nature (other than any claims, liabilities and expenses in the nature of penalties and accrued interest
thereon that result from such Person’s fraud, willful misfeasance, bad faith or gross negligence) relating to such Person’s obligation to withhold and to pay over, or otherwise pay, any withholding or other taxes payable by the Company or
as a result of such Member’s participation in the Company. 
 (b)Notwithstanding any other provision of this Article VI,
(i) each Member hereby authorizes the Company to withhold from payments to or Units of such Member and to pay over, or otherwise pay, any withholding or other taxes payable by the Company or any of its Affiliates with respect to such
Member or as a result of such Member’s participation in the Company and (ii) if and to the extent that the Company or any of its Affiliates shall be required to withhold or pay any such taxes (including any amounts withheld from
amounts payable to the Company to the extent attributable, in the judgment of the Members, to the interest of such Member in the Company), such Member shall be deemed for all purposes of this Agreement to have received a payment from the Company as
of the time such withholding or tax is required to be paid, which payment shall be deemed to be a distribution with respect to such Member’s interest in the Company to the extent that the Member (or any successor to such Member’s interest
in the Company) is then entitled to receive a distribution. To the extent that the aggregate of such payments to a Member for any period exceeds the distributions to which such Member is entitled for such period, such Member shall make a prompt
payment to the Company of such amount. 
 (c)If the Company makes a distribution in kind and such distribution is subject to withholding or
other taxes payable by the Company on behalf of any Member, such Member shall make a prompt payment to the Company of the amount of such withholding or other taxes by wire transfer. 

Section 6.5Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company
shall not make a distribution to any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Delaware Act or other applicable law. 

ARTICLE VII 
 ALLOCATIONS 

Section 7.1Allocations to Capital Accounts. Except as provided in Section 7.2, each item of income, gain, loss or
deduction (determined in accordance with U.S. tax principles as applied to the maintenance of capital accounts), with respect to any Accounting Period, including each item of income, gain, loss and deduction of the Company, shall be allocated among
the Capital Accounts as of the end of such Accounting Period in a manner that as closely as possible gives effect to the provisions of Article VI and the other relevant provisions of this Agreement. 

  
 11 

 Section 7.2Tax Allocations and Other Tax Matters. 

(a)Tax Allocations. Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members
for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Members’ Capital Accounts or as otherwise provided herein, provided that the Managing Member may adjust such
allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and
tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations § 1.704-1(b)(4)(ii). All matters concerning allocations for
U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Managing Member in its sole
discretion.
 (b)Certain Actions. Notwithstanding any other provision of this Agreement, (i) each Member shall, and
shall cause each of its Affiliates and transferees to, take any action requested by the Managing Member, and the Managing Member may take any action, to ensure that the fair market value of any interest in the Company that is transferred in
connection with the performance of services is treated for U.S. federal income tax purposes as being equal to the “liquidation value” (within the meaning of Prop. Treas. Reg. section 1.83-3(l)) of
that interest (and that each such interest in the Company is afforded pass-through treatment for all applicable U.S. federal, state or local income tax purposes) and (ii) without limiting the generality of the foregoing, to the extent
required in order to attain or ensure such treatment under any applicable law, Treasury Regulation, Revenue Procedure, Revenue Ruling, Notice or other guidance governing partnership interests transferred in connection with the performance of
services, such action may include authorizing and directing the Company or the Managing Member to make any election, agreeing to any condition imposed on such Member, its Affiliates or its transferees, executing any amendment to this Agreement or
other agreements, executing any new agreement, making any tax election or tax filing and agreeing not to take any contrary position. 

(c)Member Notification Requirements. Each Member shall notify the Managing Member in a timely manner of its intention to
(i) file a notice of inconsistent treatment under section 6222(b) of the Code, (ii) file a request for administrative adjustment of Company items, (iii) file a petition with respect to any Company item or
other tax matters involving the Company or (iv) enter into a settlement agreement with the Secretary of the Treasury with respect to any Company items. Upon receipt of any such notification, the Managing Member, if it agrees with
such Member’s position, may in its sole discretion elect to make such filing or enter into such agreement, as applicable and practicable, on behalf of the Company. The cost of any audits or adjustments of a Member’s tax return shall
be borne solely by the affected Member. Each Member shall promptly upon request furnish to the Managing Member any information that the 

  
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 Managing Member may reasonably request in connection with any election or contemplated election or
adjustment under section 734, 743 or 754 of the Code or with filing the tax returns of the Company or its Affiliates. 
 ARTICLE VIII 

BOOKS AND RECORDS 

Section 8.1Books, Records and Financial Statements. The Company shall keep or cause to be kept full and accurate accounts of
the transactions of the Company in proper books and records of account which shall set forth all information required by the Act. Such books and records shall be maintained on the basis utilized in preparing the Company’s U.S. income tax
returns. Such books and records shall be available for inspection and copying by the Members or their duly authorized representatives during normal business hours for any purpose reasonably related to such Member’s interest in the
Company, provided that the Company may maintain the confidentiality of Schedule A as it relates to other Members. 

Section 8.2Filings of Returns and Other Writings; Tax Matters Partner. 

(a)The Company shall timely file all Company tax returns and shall timely file all other writings required by any governmental authority
having jurisdiction to require such filing. Within 180 days after the end of each taxable year (or as soon as reasonably practicable thereafter), the Company shall send to each Person that was a Member at any time during such year copies of
Schedule K-1, “Partner’s Share of Income, Credits, Deductions, Etc.”, or any successor schedule or form with respect to such Person, together with such additional information as may be necessary
for such Person to file his, her or its U.S. federal income tax returns.
 (b)The Managing Member shall be the tax matters partner of the
Company, within the meaning of section 6231 of the Code (the “Tax Matters Partner”). Each Member hereby consents to such designation and agrees that upon the request of the Tax Matters Partner, such Member will execute,
certify, acknowledge, deliver, swear to, file and record at the appropriate public offices such documents as may be necessary or appropriate to evidence such consent. 

(c)Promptly following the written request of the Tax Matters Partner, the Company shall, to the fullest extent permitted by law, reimburse and
indemnify the Tax Matters Partner for all reasonable expenses, including reasonable legal and accounting fees, claims, liabilities, losses and damages incurred by the Tax Matters Partner in connection with any administrative or judicial proceeding
with respect to the tax liability of the Members. 
 (d)The provisions of this Section 8.2 shall survive the termination of the Company
or the termination of any Member’s interest in the Company and shall remain binding on the Members for as long a period of time as is necessary to resolve with the Internal Revenue Service any and all matters regarding the U.S. federal income
taxation of the Company or the Members. 

  
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 ARTICLE IX 

LIABILITY, EXCULPATION AND INDEMNIFICATION 

Section 9.1Liability. Except as otherwise provided by the Delaware Act, the debts, obligations and liabilities of the
Company, whether arising in Contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Covered Person shall be obligated personally for any such debt, obligation or liability of the Company solely by
reason of being a Covered Person.
 Section 9.2Exculpation. No Covered Person shall be liable to the Company or any other
Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner believed to be within the scope of authority conferred on such
Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement.

Section 9.3Fiduciary Duty. To the extent that, at law or in equity, a Covered Person has duties (including fiduciary duties)
and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to any other Covered Person for its good faith reliance on the provisions of this
Agreement. The provisions of this Agreement, to the extent that they restrict the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the parties hereto to replace such other duties and liabilities
of such Covered Person. 
 Section 9.4Indemnification. To the fullest extent permitted by applicable law, a Covered Person
shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Covered Person by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner
believed to be within the scope of authority conferred on such Covered Person by this Agreement, except that no Covered Person shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Covered Person by reason of
such Covered Person’s gross negligence, willful misconduct or willful breach of this Agreement with respect to such acts or omissions; provided, that any indemnity under this Section 9.4 shall be provided out of and to the
extent of Company assets only, and no Covered Person shall have any personal liability on account thereof. 

Section 9.5Expenses. To the fullest extent permitted by applicable law, expenses (including, without limitation, reasonable
attorneys’ fees, disbursements, fines and amounts paid in settlement) incurred by a Covered Person in defending any claim, demand, action, suit or proceeding relating to or arising out of their performance of their duties on behalf of the

  
 14 

 
Company shall, from time to time, be advanced by the Company prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Company of an undertaking by or
on behalf of the Covered Person to repay such amount if it shall ultimately be determined by a court of competent jurisdiction that the Covered Person is not entitled to be indemnified as authorized in Section 9.4. 

Section 9.6Severability. To the fullest extent permitted by applicable law, if any portion of this Article IX shall be
invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify each Covered Person as to costs, charges and expenses (including reasonable attorneys’ fees), judgments, fines and amounts paid in
settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative or investigative, including an action by or in the right of the Company, to the fullest extent permitted by any applicable portion of this Article IX
that shall not have been invalidated. 
 ARTICLE X 

TRANSFERS OF INTERESTS 

Section 10.1Transfers of Interests by Members.

(a)Restrictions on Transfers by Service Members. No Service Member may Transfer any Interests (including, without limitation, to
any other Service Member or by gift, by operation of law or otherwise), except as expressly provided in this Agreement.
 (b)Estate
Planning Transfers; Transfers upon Death of a Service Member. Subject to the prior written approval of the Managing Member (which approval may be granted or withheld and/or be subject to such terms and conditions as the Managing Member may
require, in each case, in its sole discretion), the Class A Units and vested Class B Units held by Service Members may be Transferred (i) for estate-planning purposes to (A) a trust under which the distribution of
such Units may be made only to beneficiaries who are such Service Member, his or her spouse, his or her parents, members of his or her immediate family or his or her lineal descendants, (B) a charitable remainder trust, the income from
which will be paid to such Service Member during his or her life, (C) a corporation, the shareholders of which are only such Service Member, his or her spouse, his or her parents, members of his or her immediate family or his or her
lineal descendants or (D) a partnership or limited liability company, the partners or members of which are only such Service Member, his or her spouse, his or her parents, members of his or her immediate family or his or her lineal
descendants (each, an “Estate Planning Vehicle”) or (ii) as a result of the laws of descent, provided, in each case, that such Estate Planning Vehicle or heirs, executors or other beneficiaries shall remain
subject to the terms of this Agreement as if such Service Member continued to hold such Units directly. 
 (c)Transfers by the Managing
Member. The Managing Member and its Affiliates may freely Transfer their respective Interests.

  
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 Section 10.2Effect of Assignment. The Company shall, from the effective
date of any permitted assignment of an Interest (or part thereof), thereafter pay all further distributions on account of such Interest (or part thereof) to the assignee of such Interest (or part thereof). 

Section 10.3Overriding Provisions. 

(a)Any Transfer in violation of this Article X shall be null and void ab initio and the provisions of Section 10.2 shall not apply to any
such Transfers. The approval of any Transfer in any one or more instances shall not limit or waive the requirement for such approval in any other or future instance. 

(b)All Transfers permitted under this Article X are subject to this Section 10.3, Section 10.4 and Section 10.5. 

(c)Any proposed Transfer by a Member pursuant to the terms of this Article X shall, in addition to meeting all of the other requirements of
this Agreement, satisfy the following conditions: (i) the Transfer will not be effected on or through an “established securities market” or a “secondary market or the substantial equivalent thereof,” as such terms are
used in Treasury Regulations § 1.7704-1, and, at the request of the Managing Member, the transferor and the transferee will have each provided the Company a certificate to such effect and
(ii) the proposed Transfer will not result in the Company having more than 99 Members, within the meaning of Treasury Regulations § 1.7704-1(h)(1) (determined pursuant to the rules of
Treasury Regulations § 1.7704-1(h)(3)). The Managing Member may in its sole discretion waive the condition set forth in clause (ii) of this Section 10.3(c). 

(d)The Company shall promptly amend Schedule A to reflect any permitted Transfers of Interests pursuant to this Article X.

 Section 10.4Involuntary Transfers. Any transfer of title or beneficial ownership of Interests upon default, foreclosure,
forfeit, divorce, court order or otherwise than by a voluntary decision on the part of a Service Member (other than the Managing Member) (each, an “Involuntary Transfer”) shall be void unless such Member complies with this
Section 10.4 and enables the Company to exercise in full its rights hereunder. Upon any Involuntary Transfer, the Company shall have the right to purchase such Interests pursuant to this Section 10.4 and the person or entity to whom
such Interests have been Transferred (the “Involuntary Transferee”) shall have the obligation to sell such Interests in accordance with this Section 10.4. Upon the Involuntary Transfer of any Interest, such Service Member
shall promptly (but in no event later than two business days after such Involuntary Transfer) furnish written notice to the Company indicating that the Involuntary Transfer has occurred, specifying the name of the Involuntary Transferee, giving a
detailed description of the circumstances giving rise, to and stating the legal basis for, the Involuntary Transfer. Upon the receipt of the notice described in the preceding sentence and for 90 days thereafter, the Company shall have the right
to purchase, and the Involuntary Transferee shall have the obligation to sell, all (but not less than all) of the Interests 

  
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acquired by the Involuntary Transferee for a purchase price equal to the lesser of (i) the Fair Market Value of such Interest and (ii) the amount of the indebtedness or
other liability that gave rise to the Involuntary Transfer. 
 Section 10.5Substitute Members. In the event any Member
Transfers its Interest in compliance with the other provisions of this Article X (other than Section 10.4), the transferee thereof shall have the right to become a substitute Member, but only upon satisfaction of the following: 

(a)execution of such instruments as the Managing Member deems reasonably necessary or desirable to effect such substitution; and 

(b)acceptance and agreement in writing by the transferee of the Member’s Interest to be bound by all of the terms and provisions of this
Agreement and assumption of all obligations under this Agreement (including breaches hereof) applicable to the transferor. 

Section 10.6Release of Liability. In the event any Member shall sell such Member’s entire interest in the Company (other
than in connection with an Exit Event) in compliance with the provisions of this Agreement, including, without limitation, pursuant to the last sentence of Section 10.4, without retaining any interest therein, directly or indirectly, then the
selling Member shall, to the fullest extent permitted by law, be relieved of any further liability arising hereunder for events occurring from and after the date of such Transfer; provided, however, that no such Transfer
shall relieve any Service Member of his or her obligations pursuant to Section 3.6 and such obligations shall survive any termination of such Service Member’s membership in the Company as set forth in Section 3.6. 

Section 10.7Tag-Along and Drag-Along Rights. 

(a)Tag-Along Rights. In the event that at any time Access proposes to Transfer shares of
WMG Common Stock to a Third Party (other than, following an Initial Public Offering, shares sold pursuant to Rule 144 promulgated under the Securities Act or any successor provision) or to WMG, then at least 15 days prior to effecting such Transfer,
Access shall give each Service Member written notice of such proposed Transfer. Each Service Member shall then have the right (the “Tag-Along Right”), exercisable by written notice
to the Managing Member prior to the proposed date of Transfer, to participate pro rata in such sale, by causing the Company to sell the Service Member’s pro rata portion of the shares of WMG Common Stock owned by the Company (which for any
vested Class B Unit shall be a fraction of the WMG Fractional Share underlying such Class B Unit with the then Fair Market Value equal to the excess of the Fair Market Value of a WMG Fractional Share over such Class B Unit’s
Benchmark Amount) on substantially the same terms (including with respect to representations, warranties and indemnification) as Access; provided that the form of consideration to be received by Access in connection with the
proposed sale may be different from that received by the Service Members so long as the value of the consideration to be received by Access is the 

  
 17 

 
same or less than what they would have received had they received the same form of consideration as the Service Members (as reasonably determined by the Managing Member in good faith). In
the event Access sells less than 100% of its shares of WMG Common Stock, and any Service Member exercises his or her Tag-Along Rights, participation “pro rata in such sale” shall be based on the
relative number of Class A Units held by such Service Member, unless the Managing Member deems the provisions of Section 10.7(c)(iv) operative. No Service Member shall have any Tag-Along Rights
in respect of unvested Class B Units.
 (b)Drag-Along Rights. In the event that at any time Access desires to effect an
Exit Event (including a sale of all or a portion of the Interests), the Managing Member shall have the right (the “Drag-Along Right”), upon written notice to the Service Members, to require that each Service Member join pro rata in
such sale, by causing the Company to sell all or a portion of each Service Member’s shares of WMG Common Stock owned by the Company (which for any vested Class B Unit shall be a fraction of the WMG Fractional Share underlying such
Class B Unit with the then Fair Market Value equal to the excess of the Fair Market Value of a WMG Fractional Share over such Class B Unit’s Benchmark Amount) or, if applicable, each Service Member’s Interests pursuant to
Section 10.7(c)(iv), on substantially the same terms (including with respect to representations, warranties and indemnification) as Access; provided that the form of consideration to be received by Access in connection with the
proposed sale may be different from that received by the Service Members so long as the value of the consideration to be received by Access is the same or less than what they would have received had they received the same form of consideration as
the Service Members (as reasonably determined by the Managing Member in good faith). No Service Member shall have a right to sell, or a right to any sale proceeds from, any unvested Class B Units or shares of WMG Common Stock underlying
unvested Class B Units in an Exit Event.
 (c)General Provisions. 

(i)Each Service Member participating in a sale pursuant to this Section 10.7 shall agree to make customary representations
and shall agree to customary covenants, indemnities and agreements, so long as they are made severally and not jointly among Access and the other sellers. To the extent that the Company incurs any liability or loss as a result of the
representations, warranties, covenants, indemnities and agreements that the Company or the sellers are required to agree to in connection with a sale pursuant to this Section 10.7, the proceeds to which a participating Service Member is
entitled shall be reduced (but not below zero), pro rata with Access and the other sellers, by the amount of such liability or loss in proportion to the number of shares of WMG Common Stock that the Company is selling or has sold on behalf of such
Service Member (or the Interests that such Service Member is selling or has sold in such sale). Each participating Service Member shall also represent to the Company at the time of any sale pursuant to this Section 10.7 that such Service
Member has unencumbered title to its Units and the power, authority and legal right to direct the Company to Transfer the WMG Fractional Shares underlying such Units, provided that the aggregate amount of liability for breach

  
 18 

 
of any such representation shall not, together with any reduction in proceeds pursuant to the prior sentence, exceed the value of the net proceeds to be paid to such Service Member as a result of
such sale.
 (ii)In no event shall any Service Member be obligated to agree to any
non-competition covenant, employee non-solicit covenant or other similar agreement restricting the Service Member as a condition to participating in a transaction
pursuant to this Section 10.7.
 (iii)The Company and/or each Service Member participating in a sale of shares of WMG
Common Stock pursuant to this Section 10.7 shall, as applicable, bear its, his or her pro rata share of any transaction costs and expenses, including transfer taxes and legal, accounting and investment banking fees incurred by the Company and
Access in connection with such sale; provided that neither the Company nor any Service Member shall be obligated to make any out-of-pocket expenditure
in respect of such costs, fees or expenses prior to the consummation of a transaction consummated pursuant to this Section 10.7. 

(iv)In the event that, in the Managing Member’s sole discretion, a sale pursuant to this Section 10.7 is structured
as a sale of Interests by the Members, rather than a distribution of proceeds by the Company, the purchase agreement governing such sale of Interests will have provisions therein which replicate, to the greatest extent possible, the economic result
which would have been attained under this Article X had such a sale been structured as a distribution of proceeds. 
 ARTICLE XI 

REDEMPTIONS AND FORFEITURES 

Section 11.1Company Option to Redeem Class A Units and Vested Class B Units.

(a)Generally. Upon the termination of employment of a Service Member (such Service Member, together with a person to whom such
Service Member made a Transfer, an “Affected Member”) with WMG and its Affiliates for any reason, the Company will have the option (but not the obligation) to redeem all or a portion of an Affected Member’s Class A Units
and vested Class B Units, except as otherwise determined by the Managing Member. The effective date of any redemption pursuant to this Section 11.1 (a “Termination Redemption Date”) will be on a date, as the Managing
Member determines in its sole discretion. In order to exercise the Company’s option, the Managing Member must deliver Notice to the Affected Member during the 90-day period following the Affected
Member’s termination of employment. Any such redemption will be done in accordance with the provisions of this Section 11.1. For purposes of this Agreement, any determinations with respect to an Affected Member’s termination
of employment (including the date thereof) shall be made by the Managing Member (or the Committee or WMG). 
  

  
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 (b)Class A Redemption Price. The price for the redemption of a Class A Unit
of an Affected Member pursuant to this Section 11.1 shall be: 
 (i)except in the case of a termination of employment
for Cause, equal to the Fair Market Value of one WMG Fractional Share on the applicable Termination Redemption Date; and 

(ii)in the case of a termination of employment for Cause, equal to the lesser of (A) the Affected Member’s
Capital Contributions in respect of such Class A Unit and (B) the Fair Market Value of one WMG Fractional Share on the applicable Termination Redemption Date. 

(c)Class B Redemption Price. The price for the redemption of a vested Class B Unit of an Affected Member pursuant to this
Section 11.1 following an Affected Member’s termination of employment without Cause, for Good Reason or by reason of death or Disability shall be the Class B Redemption Payment, determined as of the applicable Termination Redemption
Date.
 Section 11.2Forfeiture of Class B Units.

(a)Unvested Class B Units.

(i)Forfeiture upon Any Termination of Employment. Immediately upon the termination of employment of any Affected
Member with WMG and its Affiliates for any reason, all unvested Class B Units of such Affected Member will be forfeited to the Company without any payment by the Company to such Affected Member in respect thereof. 

(ii)Forfeiture upon Change in Control. Except as otherwise determined by the Managing Member or provided in
Section 3.2(d)(ii), immediately prior to a Change of Control, each outstanding unvested Class B Unit shall be immediately forfeited, without any payment to the Service Members.

(b)Forfeiture of Vested Class B Units on Certain Terminations of Employment. Immediately upon the termination of employment of any
Affected Member whose employment is terminated by WMG or any of its Affiliates for Cause or by such Affected Member for any reason (other than death, Disability or Good Reason or as otherwise determined by the Managing Member), all vested
Class B Units of such Affected Member then outstanding will be forfeited to the Company without any payment by the Company to such Affected Member in respect thereof. 

(c)Failure to Make 83(b) Election. Notwithstanding anything to the contrary herein, unless otherwise determined by the Managing Member,
in its sole discretion, a Service Member shall forfeit all of his or her Class B Units (without any payment to the Service Member in respect thereof) if the Service Member shall fail to file a Section 83(b) election form in respect of

  
 20 

 
the full amount of the Service Member’s Class B Units, as of the grant date, with the Internal Revenue Service and submit a copy thereof to the Company prior to the 30th day after the grant date of such Class B Units.
 (d)Failure to Make 431
Election. Notwithstanding anything to the contrary herein, unless otherwise determined by the Managing Member, in its sole discretion, a Service Member who is a UK resident for the tax year in which he or she is granted Class B Units
shall forfeit all of his or her Class B Units (without any payment to the Service Member in respect thereof) if the Service Member shall fail to enter into an election under section 431(1) of the Income Tax (Earnings and Pensions) Act 2003 in
respect of the full amount of the Service Member’s Class B Units prior to the 14th day after the grant date of such Class B Units.

(e)Consequences of Forfeiture. Subject to Section 3.2(d)(iv), upon the forfeiture of Class B Units, whether vested or
unvested, on the termination of employment of a Service Member, such forfeited Class B Units shall be Transferred to the Managing Member.

Section 11.3Option of Service Members to Redeem Units.

(a)Scheduled Redemption Dates. Except for Class B Units redeemed pursuant to Section 11.1 or forfeited pursuant to
Section 11.2 or as otherwise determined by the Managing Member at the time Class B Units are granted, each Service Member shall be entitled to redeem the Service Member’s vested Class B Units, without payment by the Service
Member, in three equal installments on the Redemption Dates applicable to an equal number of the Service Member’s Deferred Equity Units, upon written notice to the Company no later than December
1st of the year in which such Redemption Date is scheduled to occur, for a Class B Redemption Payment; provided that, except as otherwise determined by the Managing
Member, no Class B Unit may be redeemed pursuant to this Section 11.3(a) prior to the Redemption Date in the second succeeding calendar year after such Class B Unit becomes vested. A Service Member may specify that a Class B
Redemption Payment be made with respect to any (or no) portion of such Service Member’s Class B Units eligible for redemption on a Redemption Date (any such Class B Units eligible for redemption but not redeemed, a “Retained
Class B Unit”).
 (b)Annual Right to Redemption.

(i)Class A Units. Subject to Section 11.4, each Service Member shall have an annual right to redeem his or her
Class A Units as provided in Section 7.3 of the Plan.
 (ii)Class B Units. Subject to
Section 11.4, on each one-year anniversary of the first Redemption Date on which a Class B Unit is redeemable pursuant to Section 11.3(a), each Service Member shall be entitled to the
redemption, upon written notice to the Company no later than December 1st of the year in which such anniversary date occurs, of all or any portion of such Service Member’s Retained Class B Units for a Class B Redemption
Payment. Notwithstanding the foregoing, a Participant’s right to redeem 

  
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Class B Units pursuant to this Section 11.3(b)(ii) shall be limited to the maximum number of Class B Units that would have been redeemable from the Service Member if the Service
Member were then employed by WMG or any of its Affiliates.
 Section 11.4Mandatory Redemption. In December of the Eighth
Plan Year applicable to a Service Member’s Unit Allocation, (i) the Company shall redeem from such Service Member (other than an Affected Member whose Units are subject to Section 11.1 and Section 11.2) (x) each
Class A Unit then outstanding for a cash payment equal to the then current Fair Market Value of one Fractional Company Share and (y) each Class B Unit then vested and outstanding that relates to such Unit Allocation for its
Class B Redemption Payment and (ii) each unvested Class B Unit that relates to such Unit Allocation shall be forfeited, without any payment to its holder in respect thereof, and such forfeited Class B Units shall be
Transferred to the Managing Member.
 Section 11.5Redemption Mechanics. 

(a)Class A Units. The redemption of any Class A Unit held by a Service Member (including an Affected Member) shall be
effected (at the option of the Managing Member) by (x) the Managing Member contributing cash to the Company to fund the redemption of such Class A Unit, the Managing Member receiving one Class A Unit in exchange for such cash
contribution and the Company distributing such cash to such Service Member in redemption of such Class A Unit or (y) subject to Section 11.5(c), the Company distributing one WMG Fractional Share to such Service Member in
redemption of such Class A Unit and WMG redeeming from such Service Member, and such Service Member selling to WMG, such WMG Fractional Share in exchange for cash, provided that, if permitted by Section 11.5(c), such
redemption shall be effected in accordance with clause (y) of this Section 11.5(a) if the redemption price is determined pursuant to Section 11.1(b)(ii)(A). 

(b)Class B Units. The redemption of any Class B Unit held by a Service Member (including an Affected Member) shall be
effected (at the option of the Managing Member) by (x) the Managing Member contributing cash to the Company in an amount equal to the Class B Redemption Payment for such Class B Unit and the Company distributing such cash to
such Service Member in redemption of such Class B Unit or (y) subject to Section 11.5(c), the Company distributing a fractional share of WMG Common Stock with a Fair Market Value equal to the Class B Redemption Payment of
such Class B Unit in redemption of such Class B Unit and WMG redeeming from such Service Member, and such Service Member selling to WMG, such fractional share of WMG Common Stock in exchange for cash in an amount equal to such Class B
Redemption Payment. Upon the redemption of a Class B Unit the number of Class A Units held by the Managing Member that are reclassified as Class C Units shall be reduced in accordance with Section 3.2(e). In addition,
upon the redemption of one or more Class B Units pursuant to clause (y) of this Section 11.5(b), the number of Class A Units held by the Managing Member shall be reduced by a number of Class A Units that then have a Fair
Market Value equal to the aggregate Class B Redemption Payment of such redeemed Class B Units. 

  
 22 

 (c)Limitation on WMG Redemptions of WMG Fractional Shares. If a redemption of
WMG Fractional Shares by WMG pursuant to this Article XI (or the payment of a dividend by a subsidiary of WMG to fund such a redemption) would result in a violation of the terms or provisions of, or a default or an event of default under, any
guaranty, financing or security agreement or document entered into by WMG or any of its subsidiaries from time to time or WMG’s certificate of incorporation or if WMG has no funds legally available to make such redemption in compliance with
Delaware law, then WMG shall not be obligated to redeem such Fractional Company Shares and instead the Company shall redeem the applicable Class A Units or Class B Units for cash.

(d)Closing of Redemption. The closing of any redemption of Class A Units, Class B Units or WMG Fractional Shares
pursuant to this Article XI will be held at the offices of the Company on a date specified by the Managing Member. Prior to any such closing, the Member shall execute and deliver to the Company or WMG, as applicable, such documents as the
Company or WMG, as applicable, shall deem necessary to effect any redemptions pursuant to this Article XI. 
 Section 11.6Limitation
on Distributions. Notwithstanding anything to the contrary in this Agreement, a Service Member’s distribution rights with respect to Units redeemed pursuant to this Article XI (including pursuant to the Plan) are limited to the
provisions of this Article XI (and the Plan) and following the redemption or forfeiture of a Service Member’s Units, such Service Member will have no additional rights to distributions with respect to such Units pursuant to the other provisions
of this Agreement. 
 Section 11.7Effect on Status. Any Service Member whose entire Interest is redeemed or forfeited will
not, after such redemption or forfeiture, have any of the rights of a Member nor be considered a Member for any other purpose. 

Section 11.8431 Election for Class A Units. A Service Member who is a UK resident for the tax year in which he or she
acquires Class A Units shall enter into an election under section 431(1) of the Income Tax (Earnings and Pensions) Act 2003 in respect of the full amount of the Service Member’s Class A Units prior to the 14th day after the acquisition date of such Class A Units. Notwithstanding anything to the contrary herein, if the Service Member shall fail to enter into such election within such time, the
Company will have the option (but not the obligation) to redeem all or a portion of the Service Member’s Class A Units for an amount equal to the lesser of (A) the Service Member’s Capital Contributions in respect of such
Class A Unit and (B) the Fair Market Value of one WMG Fractional Share on the redemption date of such Class A Unit. 

  
 23 

 ARTICLE XII 

DISSOLUTION, LIQUIDATION AND TERMINATION 

Section 12.1Dissolving Events. The Company shall be dissolved and its affairs wound up in the manner hereinafter provided
upon the first to occur of the following: (a) the written consent of the Managing Member, (b) the sale or other disposition of all or substantially all of the Company’s assets or (c) any other event which is
specified in the Certificate or under applicable law as an event causing the dissolution of the Company of any event which under applicable law would cause the dissolution of the Company. 

Notwithstanding the foregoing, the death, retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of any
other event that terminates the continued membership of any Member in the Company under the Delaware Act shall not, in and of itself, cause the dissolution of the Company. In such event, the remaining Member(s) shall continue the business of
the Company without dissolution. 
 Section 12.2Dissolution and Winding-Up. Upon
the dissolution of the Company, the assets of the Company shall be liquidated or distributed under the direction of and to the extent determined by the Managing Member and the business of the Company shall be wound up. Within a reasonable time
after the effective date of dissolution of the Company, the Company’s assets shall be distributed in the following manner and order: 

First, to creditors in satisfaction of indebtedness (other than any loans or advances that may have been made by any of the Members to
the Company), whether by payment or the making of reasonable provision for payment, and the expenses of liquidation, whether by payment or the making of reasonable provision for payment, including the establishment of reasonable reserves (which may
be funded by a liquidating trust) determined by the Managing Member or the liquidating trustee, as the case may be, to be reasonably necessary for the payment of the Company’s expenses, liabilities and other obligations (whether fixed,
conditional, unmatured or contingent); 
 Second, to the payment of loans or advances that may have been made by any of the Members
to the Company; and 
 Third, to the Members in accordance with Section 6.1, taking into account any amounts previously
distributed under Section 6.1, 
 provided that no payment or distribution in any of the foregoing categories shall be made until all
payments in each prior category shall have been made in full, and provided, further, that if the payments due to be made in any of the foregoing categories exceed the remaining assets available for such purpose, such payments
shall be made to the Persons entitled to receive the same pro rata in accordance with the respective amounts due to them. 

  
 24 

 Section 12.3Distributions in Cash or in Kind. Upon the dissolution of the
Company, the Managing Member shall use all commercially reasonable efforts to liquidate all of the Company’s assets in an orderly manner and apply the proceeds of such liquidation as set forth in
Section 12.2, provided that if in the good faith judgment of the Managing Member, a Company asset should not be liquidated, the Managing Member shall cause the Company to allocate, on the basis of the then current Fair Market
Value of any Company assets not sold or otherwise disposed of, any unrealized gain or loss based on such value to the Members’ Capital Accounts as though the assets in question had been sold on the date of distribution and, after giving effect
to any such adjustment, distribute such assets in accordance with Section 12.2 as if such Fair Market Value had been received in cash, subject to the priorities set forth in Section 12.2, and provided, further, that
the Managing Member shall in good faith attempt to liquidate sufficient Company assets to satisfy in cash (or make reasonable provision for) the debts and liabilities referred to in Section 12.2. 

Section 12.4Termination. The Company shall terminate when the winding up of the Company’s affairs has been completed,
all of the assets of the Company have been distributed and the Certificate has been canceled, all in accordance with the Delaware Act. 

Section 12.5Claims of the Members. The Members and former Members shall look solely to the Company’s assets for the
return of their Capital Contributions, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributions, the Members and
former Members shall have no recourse against the Company or any other Member. 
 ARTICLE XIII 

DEFINED TERMS 

Section 13.1Definitions. 

“Access” means AI Entertainment Holdings LLC and its Affiliates (other than the Company and WMG and its subsidiaries).

“Accounting Period” means the period commencing on the day after an Adjustment Date and end on the next Adjustment Date. 

“Additional Member” has the meaning given in Section 3.4. 

“Additional Unit Allocation” has the meaning given in the Plan.

“Adjustment Date” means the last day of each fiscal year of the Company or any other date determined by the Managing Member,
in its sole discretion, as appropriate for an interim closing of the Company’s books. 

  
 25 

 “Affiliate” means, with respect to any Person, any other Person, directly
or indirectly, controlling, controlled by or under common control with, such Person, where “control” means the power to direct the affairs of a Person by reason of ownership of voting securities, by contract, or otherwise. 

“Agreement” means this Second Amended and Restated Limited Liability Company Agreement of the Company, as this agreement may
be amended, modified, supplemented or restated from time to time after the date hereof. 
 “Artist” means
(A) any singer or musician or other person furnishing the services or works of an artist to WMG or its Affiliates pursuant to a Contract to which such singer, musician or other Person is required to provide exclusive services for the
making or delivering of master Recordings to WMG or its Affiliates or (B) any writer, producer or other talent who has entered into a Contract with WMG or any of its Affiliates or who has otherwise provided services to WMG or any of its
Affiliates, except, in the case of both clauses (A) and (B) above, any such Person who is required to provide services to any Person other than WMG or any of its Affiliates on an exclusive basis pursuant to a Contract that was not entered into
in connection with any violation by the applicable Service Member of this Agreement or any other agreement between such Service Member and WMG or any of its Affiliates. 

“Annual FCF Bonus” has the meaning given in the Plan.

“Benchmark Amount” means the amount set with respect to a Class B Unit pursuant to Section 3.2(d)(iii). 

“Capital Account” has the meaning given in Section 5.1. 

“Capital Contribution” means, for any Member, the total amount of cash and the Fair Market Value of any property contributed
to the Company by such Member. 
 “Cause”, with respect a Service Member, means WMG or its Affiliate having
“cause” to terminate such Service Member’s employment or service, as defined in any existing employment, consulting or any other agreement between the Service Member and WMG or its Affiliate with such a definition or, in the absence
of such an employment, consulting or other agreement, upon (i) the Service Member having ceased to perform his or her material duties to the Company, WMG or any of its Affiliates (other than as a result of vacation, approved leave or his
or her incapacity due to physical or mental illness or injury), which failure amounts to an extended neglect of such duties, (ii) the Service Member engaging in conduct that is demonstrably and materially injurious to WMG or any its
Affiliates, (iii) the Service Member having been convicted of, or pled guilty or no contest to, any misdemeanor involving as a material element fraud, dishonesty or the sale or possession of illicit substances, or to a felony,
(iv) the failure of the Service Member to follow the lawful instructions of WMG’s Board of Directors or his or her direct superiors to the extent such instructions have been communicated to

  
 26 

 
him or her or (v) the Service Member having breached any material covenant contained in this Agreement or any employment letter or agreement between the Company or any of its
Affiliates and the Service Member. 
 “Certificate” means the Certificate of Formation of the Company and any and all
amendments thereto and restatements thereof filed on behalf of the Company with the office of the Secretary of State of the State of Delaware pursuant to the Delaware Act. 

“Change in Control” has the meaning given in the Plan.

“Class A Units” means the limited liability company interests of the Company designated as
“Class A Units” and having the rights set forth in this Agreement. Class A Units are identified as “Equity Units” under the Plan.

“Class B Redemption Payment” means, with respect to a Class B Unit, a cash payment, equal to the
excess, if any, of (i) the Fair Market Value of one WMG Fractional Share on the applicable redemption date over (ii) the Benchmark Amount of such Class B Unit. In addition, the aggregate Class B Redemption
Payment to a Service Member (including an Affected Member) shall be reduced by the amount of any then outstanding Unrecovered Investment Credit of the Service Member, except to the extent the Managing Member determines otherwise, in its sole
discretion.
 “Class B Units” means the limited liability company interests of the Company designated as
“Class B Units” and having the rights set forth in this Agreement. Class B Units are identified as “Matching Equity Units” under the Plan.

“Class C Units” means the limited liability company interests of the Company designated as
“Class C Units” and having the rights set forth in this Agreement.
 “Code” means the Internal Revenue Code
of 1986, as amended. 
 “Committee” has the meaning given in the Plan.

“Confidential Information” has the meaning given in Section 3.6(d).

“Contract” means any contract, other agreement, commitment, binding arrangement, binding understanding or binding
relationship (whether written or oral and whether express or implied). 
 “Covered Person” means the Managing Member,
Access, any of their respective Affiliates, any officer, director, shareholder, partner, member, employee, representative or agent of the Managing Member, Access or any of their respective Affiliates, including any current or former director,
officer, employee or agent of the Company or WMG or any of its Affiliates. 

  
 27 

 “Deferral Account” has the meaning given in the Plan.

“Deferred Equity Unit” has the meaning given in the Plan.

“Delaware Act” means the Delaware Limited Liability Company Act, 6 Del. C.
§18-101, et seq., as amended from time to time. 
 “Disability”, with respect
to a Service Member, has the meaning given in the long-term disability plan of WMG or its Affiliate applicable to such Service Member. 

“Dividend Proceeds” means cash dividends funded out of the Free Cash Flow generated by WMG and its subsidiaries paid to the
Company with respect to shares of WMG Common Stock owned by the Company.
 “Drag-Along Right” has the meaning given in
Section 10.7(b). 
 “Effective Date” has the meaning given in the Plan.

“Eighth Plan Year” has the meaning given in the Plan.

“employment, ” the phrase “employment with WMG” and corollary terms used shall mean a Service Member’s
employment with or service to WMG and its Affiliates that actually employ the Service Member or to which the Service Member provides services, whether as an employee, consultant, officer or otherwise. 

“Estate Planning Vehicle” has the meaning given in Section 10.1(b).

“Exit Event” means a transaction or series of transactions (other than an initial public offering of WMG or any of its
Affiliates) involving the sale, transfer or other disposition, directly or indirectly, by Access to one or more Third Parties of more than 50% of the outstanding shares of WMG Common Stock and its successors or involving the sale, transfer or other
disposition of all or substantially all of the assets of WMG and its subsidiaries, taken as a whole, to one or more Third Parties (including, without limitation, a Change in Control); provided that, unless the Managing Member
determines otherwise, in no event shall an Initial Public Offering or secondary public offering constitute an “Exit Event” for any purposes of this Agreement. 

“Exit Proceeds” means the net proceeds realized by the Company from (i) an Exit Event, (ii) sale of
WMG Fractional Shares underlying a Unit pursuant to a Tag-Along Right under Section 10.7(a), (iii) sale of WMG Fractional Shares underlying a Unit in or following an Initial Public Offering of WMG
Common Stock or (iv) cash or other dividends or distributions paid on WMG Common Stock other than Dividend Proceeds, in each case, that are available for distribution (in cash or in kind) by the Company, as determined by the Managing
Member. 

  
 28 

 “Fair Market Value” means, with respect to shares of WMG Common Stock,
as of any particular date of determination prior to an Initial Public Offering, the per share value on such date of a share of WMG Common Stock that would be paid by a willing buyer to an unaffiliated willing seller, without any discount for
minority interest, lack of liquidity, transfer restrictions or forfeiture risks, as determined by a valuation of WMG Common Stock (taking into account the Fully-Diluted WMG Equity) that shall have been performed by a nationally recognized
independent valuation firm or as otherwise determined in good faith by the Committee taking into account such factors as the Committee deems appropriate, including, but not limited to, the earnings and other financial and operating information of
WMG in recent periods, the value of WMG’s tangible and intangible assets, the present value of anticipated future cash-flows of WMG, the history and management of WMG, the general condition of the securities markets and the market value of
securities of companies engaged in businesses similar to those of WMG. Following an Initial Public Offering, “Fair Market Value” of a share of WMG Common Stock shall mean, as of any particular date of determination, the mid-point between the high and the low trading prices for such date per share of WMG Common Stock as reported on the principal stock exchange on which the shares of WMG Common Stock are then listed. “Fair
Market Value” of any other property, as of any particular date of determination, shall mean the fair market value of such property, as determined in good faith by the Managing Member. 

“Free Cash Flow” has the meaning given in the Plan.

“Fully-Diluted WMG Equity” has the meaning given in the Plan to the term “Fully-Diluted Company Equity.”

“Good Reason”, with respect to a Service Member, means the Service Member having “good reason” to terminate the
Service Member’s employment or service, as defined in any existing employment, consulting or any other agreement between such Service Member and WMG or any of its Affiliates with such a definition or, in the absence of such an employment,
consulting or other agreement, means (i) a material reduction in such Service Member’s annual salary or Annual FCF Bonus percentage allocation, (ii) a failure by WMG or any of its Affiliates to pay to such Service Member
any annual salary which has become payable and due to him or her in accordance with the terms of any employment letter or agreement between WMG or any of its Affiliates and such Service Member, or (iii) a failure by the Company or WMG to
pay to such Service Member any entitlement which has become payable and due to him or her in accordance with the terms of the Plan; provided that, within 30 days following any such reduction or failure, (A) such Service
Member shall have delivered written notice to WMG of his or her intention to terminate his or her employment for Good Reason, which notice specifies in reasonable detail the circumstances claimed to give rise to his or her right to terminate his or
her employment for Good Reason, (B) such Service Member shall have provided WMG with 30 days after receipt of such notice to cure such circumstances and (C) failing a cure, such Service Member shall have terminated his or her
employment within 30 days after the expiration of the 30-day period set forth in the preceding clause (B). 

  
 29 

 “Initial Base Investment Price” shall mean $107.13. 

“Initial Public Offering” means the first underwritten public offering of WMG Common Stock. 

“Initial Unit Allocation” has the meaning given in the Plan.

“Interest” means the limited liability interest in the Company which represents the interest of each Member in and to the
profits and losses of the Company, such Member’s right to receive distributions of the Company’s assets and such Member’s Units. 

“Involuntary Transfer” has the meaning given in Section 10.4. 

“Involuntary Transferee” has the meaning given in Section 10.4. 

“Managing Member” has the meaning given in the recitals to this Agreement and its permitted successors and assigns.

“Maximum Unit Allocation” has the meaning given in the Plan.

“Member” has the meaning given in the recitals to this Agreement and includes any Person admitted as an additional or
substitute Member of the Company pursuant to this Agreement. 
 “Person” means any individual, corporation, association,
partnership (general or limited), joint venture, trust, estate, limited liability company or other legal entity or organization. 

“Plan” means the Warner Music Group Corp. Senior Management Free Cash Flow Plan, as previously adopted by WMG and as amended,
modified or supplemented from time to time in accordance with its terms.
 “Redemption Date” has the meaning given in the
Plan, and is subject to adjustment as provided in the Plan. 
 “Restricted Artist” means an Artist who is then-currently,
either directly or through a furnishing entity, under contract to WMG or any of its Affiliates or who was, either directly or through a furnishing entity, under contract to WMG or any of its Affiliates in the prior
one-year period.
 “Restricted Employee” has the meaning given in
Section 3.6(b)(i). 
 “Restricted Label” means a record label or imprint which is then-currently, either directly or
through a furnishing entity, under Contract to WMG or any of its Affiliates or which was, either directly or through a furnishing entity, under contract to WMG or any of its Affiliates in the prior one-year
period. 

  
 30 

 “Restricted Period” has the meaning given in Section 3.6(a). 

“Retained Class B Unit” has the meaning given in Section 11.3(a). 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Service Member” means each Member (other than the Managing Member and Access). 

“Tag-Along Right” has the meaning given in Section 10.7(a). 

“Tax Matters Partner” has the meaning given in Section 8.2(b). 

“Termination Redemption Date” has the meaning given in Section 11.1(a).

“Third Party” means, in respect of any Transfer, one or more Persons, other than Access, the Company, WMG or any of its
subsidiaries, any Member and (without giving effect to such Transfer or Exit Event) any of their respective Affiliates. 

“Transfer” means to directly or indirectly transfer, sell, pledge, hypothecate or otherwise dispose of. 

“Treasury Regulations” means the Regulations of the Treasury Department of the United States issued pursuant to the Code.

 “Unit Allocation” has the meaning given in the Plan.

“Unit Certificate” means a non-negotiable certificate issued by the Company which
evidences the ownership of one or more Units, includes a description as to the relevant class of Unit, is denominated in terms of the number and class of Units and is signed by the Managing Member. 

“Units” means the limited liability company interests in the Company, including the Class A Units and the Class B
Units. 
 “Unrecovered Investment Credit” has the meaning given in the Plan. 

“WMG” means Warner Music Group Corp. and its successors and assigns. 

“WMG Common Stock” means the common stock, par value $0.001 per share, of WMG.

“WMG Fractional Share” means
one-ten-thousandth (1/10,000) of a share of WMG Common Stock.

  
 31 

 ARTICLE XIV 

MISCELLANEOUS 

Section 14.1No Conflict with the Plan. Nothing contained in this Agreement is intended to conflict with the terms and
conditions of the Plan and to the extent any such conflict exists, expressly or by implication, the terms and conditions of this Agreement shall control.

Section 14.2Amendments. This Agreement may not be amended, modified or supplemented except by a written instrument signed by
the Managing Member. Notwithstanding the foregoing, no amendment, modification or supplement shall adversely affect either (i) a particular Service Member on a discriminatory basis compared with other holders of a similar class of
Interest without such Service Member’s consent or (ii) holders of a particular class of Units without the consent of the holders of a majority in interest of such class. The Company shall notify all Members after any such
amendment, modification or supplement, other than any amendments to Schedule A, has taken effect. 
 Section 14.3Certain
Tax Matters. The Company shall not elect, and the Managing Member shall not permit the Company to elect, to be treated as an association taxable as a corporation for U.S. federal, state or local income tax purposes under Treasury
Regulations § 301.7701-3 or under any corresponding provision of state or local law. The Company and the Managing Member shall not permit the registration or listing of interests in the Company
on an “established securities market,” as such term is used in Treasury Regulations § 1.7704-1. 

Section 14.4Notices. All notices, requests, demands, waivers and other communications required or permitted to be given under
this Agreement shall be in writing and shall be deemed to have been duly given if (i) delivered personally, (ii) mailed, certified or registered mail with postage prepaid, (iii) sent by next-day or overnight mail or delivery or (iv) sent by fax, as follows (or to such other address as the party entitled to notice shall hereafter designate in accordance with the terms hereof): 

(a)If to the Company: 
 WMG
Management Holdings, LLC 
 c/o Warner Music Group Corp. 

75 Rockefeller Plaza 
 New York,
NY 10019 
 Attention: Paul M. Robinson, Esq. 

With a copy to: 

Debevoise & Plimpton LLP 

919 Third Avenue 
 New York,
NY 10022 
 Attention: Elizabeth Pagel Serebransky 

Meir D. Katz 

  
 32 

 (b)If to a Member, at the address set forth opposite such Member’s name
on Schedule A, or at such other address as such Member may hereafter designate by written notice to the Company. 
 All such
notices, requests, demands, waivers and other communications shall be deemed to have been received by (i) if by personal delivery, on the day delivered, (ii) if by certified or registered mail, on the fifth business day after
the mailing thereof, (iii) if by next-day or overnight mail or delivery, on the day delivered or (iv) if by fax, on the day delivered, provided that such delivery is
confirmed. 
 Section 14.5Governing Law. This Agreement shall be governed in all respects, including as to validity,
interpretation and effect, by the internal laws of the State of Delaware, without giving effect to the conflict of laws rules thereof.

Section 14.6Waiver of Jury Trial. EACH MEMBER HEREBY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED
UPON, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, OR THE BREACH, TERMINATION OR VALIDITY OF THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 14.7Waiver of Partition. Except as may otherwise be provided by law in connection with the winding-up, liquidation and dissolution of the Company, each Member hereby irrevocably waives any and all rights that it may have to maintain an action for partition of any of the Company’s property. 

Section 14.8Severability. If any provision of this Agreement is inoperative or unenforceable for any reason, such
circumstances shall not have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance, or of rendering any other provision or provisions herein contained invalid, inoperative, or unenforceable
to any extent whatsoever, so long as this Agreement, taken as a whole, still expresses the material intent of the parties hereto. The invalidity of any one or more phrases, sentences, clauses, Sections or subsections of this Agreement shall not
affect the remaining portions of this Agreement. 
 Section 14.9Headings, etc. The headings contained in this Agreement are
for purposes of convenience only and shall not affect the meaning or interpretation of this Agreement. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine or neuter, as the identity of the person or
persons may require. As the context may require, the singular may be read as the plural and the plural as the singular. 

  
 33 

 Section 14.10Entire Agreement. This Agreement constitutes the entire
agreement among the Members with respect to the subject matter hereof, and supersedes any prior agreement or understanding among them with respect to such subject matter. 

Section 14.11Counterparts. This Agreement, may be executed in several counterparts, each of which shall be deemed an original
and all of which shall together constitute one and the same instrument. 
 Section 14.12Further Actions. Each Member shall
execute and deliver such other certificates, agreements and documents, and take such other actions, as may reasonably be requested by the Company in connection with the continuation of the Company and the achievement of its purposes, including,
without limitation, (i) any documents that the Company deems necessary or appropriate to continue the Company as a limited liability company in all jurisdictions in which the Company or its Affiliates conduct or plan to conduct business
and (ii) all such agreements, certificates, tax statements and other documents as may be required to be filed in respect of the Company. 

Section 14.13Power of Attorney. For the purposes of making and filing the filings, certificates, instruments and amendments
listed below, each Member hereby constitutes and appoints the Managing Member as his or her true and lawful representative and attorney-in-fact in his or her name, place
and stead to make, execute, acknowledge, record and file the following: 
 (a)any amendment to the Certificate which may be required by the
laws of the State of Delaware because of: 
 (i)any duly made amendment to this Agreement; or 

(ii)any change in the information contained in such Certificate or any amendment thereto; 

(b)any other certificate or instrument which may be required to be filed by the Company under the laws of the State of Delaware or under the
applicable laws of any other jurisdiction in which counsel to the Company determines that it is advisable to file; 
 (c)any certificate or
other instrument which the Managing Member deems necessary or desirable to effect a termination and dissolution of the Company which is authorized under this Agreement; 

(d)any amendments to this Agreement, duly adopted in accordance with the terms of this Agreement; and 

(e)any other instruments that the Managing Member may deem necessary or desirable to carry out fully the provisions of this
Agreement; provided, however, that any action taken pursuant to this power shall not, in any way, increase the liability of the Members beyond the liability expressly set forth in this Agreement. 

  
 34 

 Such
attorney-in-fact is not by the provisions of this Section 14.13 granted any authority on behalf of the undersigned to amend this Agreement, except as provided for
in this Agreement. Such power of attorney is coupled with an interest and shall continue in full force and effect notwithstanding the subsequent death or incapacity of the Member granting such power of attorney. 

[signature page follows] 

  
 35 

 IN WITNESS WHEREOF, the Managing Member has executed this Second Amended and Restated Limited Liability
Company Agreement of WMG Management Holdings, LLC, as of the date first set forth above. 
  

			
	 MANAGING MEMBER:
  

	 AI ENTERTAINMENT MANAGEMENT, LLC
  

	By:	 	 AI Entertainment Holdings, LLC,
 its managing
member

		
	By:	 	 Access Industries Management, LLC,
 its managing
member

		
	By:	 	 /s/ Lincoln Benet

		 	Name: Lincoln Benet
		 	Title: President

  
 36EX-10.34

 Exhibit 10.34 

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

Landlord, 
 -and- 

WMG ACQUISITION CORP. 
 Tenant. 

L E A S E 
 Dated:
October 1, 2013 

 TABLE OF CONTENTS 

 

					
	 Article
	  	Page	 
	 ARTICLE 1
	  	 	1	 
	 Premises, Term, Purposes and Rent
	  	 	1	 
	 ARTICLE 2
	  	 	10	 
	 Completion and Occupancy
	  	 	10	 
	 ARTICLE 3
	  	 	14	 
	 Use of Premises
	  	 	14	 
	 ARTICLE 4
	  	 	16	 
	 Appurtenances, Etc., Not to be Removed
	  	 	16	 
	 ARTICLE 5
	  	 	18	 
	 Various Covenants
	  	 	18	 
	 ARTICLE 6
	  	 	33	 
	 Changes or Alterations by Landlord
	  	 	33	 
	 ARTICLE 7
	  	 	34	 
	 Damage by Fire, Etc.
	  	 	34	 
	 ARTICLE 8
	  	 	37	 
	 Condemnation
	  	 	37	 
	 ARTICLE 9
	  	 	39	 
	 Compliance with Laws
	  	 	39	 
	 ARTICLE 10
	  	 	40	 
	 Accidents to Plumbing and Other Systems
	  	 	40	 
	 ARTICLE 11
	  	 	41	 
	 Notices and Service of Process
	  	 	41	 
	 ARTICLE 12
	  	 	44	 
	 Conditions of Limitation
	  	 	44	 
	 ARTICLE 13
	  	 	46	 
	 Re-entry by Landlord
	  	 	46	 
	 ARTICLE 14
	  	 	47	 
	 Damages
	  	 	47	 
	 ARTICLE 15
	  	 	49	 
	 Waivers by Tenant
	  	 	49	 
	 ARTICLE 16
	  	 	49	 
	 Waiver of Trial by Jury
	  	 	49	 
	 ARTICLE 17
	  	 	50	 
	 Elevators, Cleaning, Heating, Air Conditioning, Services, Etc.
	  	 	50	 
	 ARTICLE 18
	  	 	56	 
	 Lease Contains All Agreements—No Waivers
	  	 	56	 
	 ARTICLE 19
	  	 	57	 
	 Parties Bound
	  	 	57	 
	 ARTICLE 20
	  	 	58	 
	 Curing Tenant’s Defaults—Additional Rent
	  	 	58	 

  
 ii 

					
	 ARTICLE 21
	  	 	60	 
	 Inability to Perform
	  	 	60	 
	 ARTICLE 22
	  	 	60	 
	 Adjacent Excavation—Shoring
	  	 	60	 
	 ARTICLE 23
	  	 	61	 
	 Article Headings
	  	 	61	 
	 ARTICLE 24
	  	 	61	 
	 Electricity and Water
	  	 	61	 
	 ARTICLE 25
	  	 	65	 
	 Assignment, Mortgaging, Subletting, Etc.
	  	 	65	 
	 ARTICLE 26
	  	 	76	 
	 Escalations
	  	 	76	 
	 ARTICLE 27
	  	 	82	 
	 Subordination
	  	 	82	 
	 ARTICLE 28
	  	 	87	 
	 Miscellaneous
	  	 	87	 
	 ARTICLE 29
	  	 	92	 
	 Layout and Finish
	  	 	92	 
	 ARTICLE 30
	  	 	94	 
	 Insurance
	  	 	94	 
	 ARTICLE 31
	  	 	96	 
	 Security Deposit
	  	 	96	 
	 ARTICLE 32
	  	 	100	 
	 Extension Option
	  	 	100	 
	 ARTICLE 33
	  	 	103	 
	 Expansion Space Option
	  	 	103	 
	 ARTICLE 34
	  	 	105	 
	 Right of First Offer
	  	 	105	 
	 ARTICLE 35
	  	 	109	 
	 Shaft Space
	  	 	109	 
	 ARTICLE 36
	  	 	111	 
	 Roof Equipment
	  	 	111	 
	 ARTICLE 37
	  	 	113	 
	 Tenant’s Cafeteria
	  	 	113	 
	 ARTICLE 38
	  	 	116	 
	 Tenant’s Signage/Lobby Desk
	  	 	116	 
	 ARTICLE 39
	  	 	118	 
	 Cellar 2 Space
	  	 	118	 
	 ARTICLE 40
	  	 	120	 
	 Tenant’s Rights
	  	 	120	 
	 ARTICLE 41
	  	 	120	 
	 Quiet Enjoyment
	  	 	120	 

  
 iii 

 TABLE OF EXHIBITS 
  

					
	 RULES AND REGULATIONS
	  	 	RR-1	 
	 EXHIBIT A
	  	 	A-1	 
	 RENTAL PLANS
	  			
	 EXHIBIT B
	  	 	B-1	 
	 LEGAL DESCRIPTION
	  			
	 EXHIBIT C
	  	 	C-1	 
	 FUNDAMENTAL TERMS CHART
	  			
	 EXHIBIT D
	  	 	D-1	 
	 CERTIFICATE OF OCCUPANCY
	  			
	 EXHIBIT E
	  	 	E-1	 
	 APPROVED CONTRACTORS, SUBCONTRACTORS AND MECHANICS
	  			
	 EXHIBIT F
	  	 	F-1	 
	 CONSTRUCTION RULES AND REGULATIONS
	  			
	 EXHIBIT G
	  	 	G-1	 
	 CLEANING AND JANITORIAL SERVICES
	  			
	 EXHIBIT H
	  	 	H-1	 
	 HEATING, VENTILATING AND AIR-CONDITIONING
SPECIFICATIONS
	  			
	 EXHIBIT I
	  	 	I-1	 
	 2013 RATE LIST FOR TENANTS
	  			
	 EXHIBIT J
	  	 	J-1	 
	 FORM OF LETTER OF CREDIT
	  			
	 EXHIBIT K
	  	 	K-1	 
	 OPERATING EXPENSES
	  			
	 EXHIBIT L
	  	 	L-1	 
	 ROFO LEASES
	  			
	 EXHIBIT M
	  	 	M-1	 
	 MONUMENT SIGNAGE
	  			
	 EXHIBIT N
	  	 	N-1	 
	 50TH STREET SIGNAGE
	  			
	 EXHIBIT O
	  	 	O-1	 
	 COMPETITOR LIST
	  			
	 EXHIBIT P
	  	 	P-1	 
	 7TH FLOOR TERRACE
	  			
	 EXHIBIT Q
	  	 	Q-1	 
	 7TH FLOOR TERRACE RULES &
REGULATIONS
	  			
	 EXHIBIT R
	  	 	R-1	 
	 FORM OF CONDITIONAL PARTIAL LIEN WAIVER
	  			

  
 iv 

 LEASE 

LEASE, dated as of October 1, 2013, between PARAMOUNT GROUP, INC., a Delaware corporation, as Agent for PGREF I 1633 BROADWAY TOWER,
L.P., a Delaware limited partnership (Landlord), having offices at 1633 Broadway, Suite 1801, New York, NY 10019 and WMG ACQUISITIONS CORP. (“Tenant”), a Delaware corporation, with a Federal Tax Identification Number of 68-0576630 and having an office at 75 Rockefeller Plaza, New York, NY 10019 (“Lease”). 

W I T N E S S E T H: 

ARTICLE 1 

Premises, Term, Purposes and Rent 

Section 1.01 (a) Landlord does hereby lease to Tenant, and Tenant does hereby hire from Landlord, subject to any ground and/or
underlying leases and/or mortgages as herein provided in Article 27, and upon and subject to the covenants, agreements, terms, provisions and conditions of this Lease, for the term herein stated, the entire rentable area of the 4th, 7th, 8th, 9th, 10th and 11th floors as shown on the rental plans annexed hereto as Exhibit A in the building known as and located at 1633 Broadway, New York, New
York (“Building”). Said leased premises, together with all Appurtenances, as herein defined, (except Tenant’s Property, herein defined) are herein called the “Premises”. The plot of land on which the Building
is located is herein called the “Land” and is more fully described in the legal description attached hereto as Exhibit B. 

(b) Tenant shall have, as appurtenant to the Premises, the non-exclusive right to use in common with
others, subject to the Building rules and regulations (as referred to in Section 5.01(b) hereof) and the other applicable provisions of this Lease (including, without limitation, Section 6.01 hereof): (i) the public areas of the Building
that are constructed or provided for use in common by Landlord, Tenant and other tenants of the Building (except any roof areas, terraces and or mechanical rooms of the Building unless specifically provided for in this Lease), including without
limitation, the common lobbies, corridors, elevators and loading docks of the Building for their intended purposes; and (ii) if the Premises includes less than the entire rentable area of any floor, the core restrooms, corridors and elevator
lobby of such floor for their intended uses. 

  
 1 

 (c) During the Term (as hereinafter defined in Section 1.02(a)) and to the extent
permitted by applicable law and regulation and insurance requirements, Tenant shall have the non-exclusive right to use, subject to all other provisions of this Lease, the fire stairs (the “Fire
Stairs”) connecting the floors within the 7th through 11th floor portion of the Premises and within any other contiguous full floor
portions of the Premises for normal business travel between such floors. Tenant shall, at its sole expense, install a security system with card-key access on the Fire Stairs doors so used by Tenant and shall
connect all such Fire Stairs doors to the Building’s security and Class E fire system. Tenant may not use any Fire Stairs doors to travel between floors unless same are equipped with such security system with
card-key access. All such connections to the Building’s security and Class E fire system shall be performed in a manner reasonably approved by Landlord (which shall include use of Landlord’s
reasonably approved contractor for the installation of all security related work) and reimburse Landlord for any upgrades which may be required to the Building’s security system as a result of such
tie-in. Tenant shall also reimburse Landlord for its actual, out of pocket cost to clean the Fire Stairs so used by Tenant, but only to the extent such costs are increased by such use as well as for any
additional repairs and maintenance expenses incurred by Landlord as a result of Tenant’s use of such Fire Stairs. Tenant may, subject to Landlord’s reasonable approval as part of Tenant’s Work and in compliance with applicable
Requirements (as hereinafter defined in Section 9.03), upgrade the finishes and lighting in the Fire Stairs. All of Tenant’s obligations under this Lease with respect to indemnification, insurance and compliance with legal requirements
shall apply to Tenant’s installations in and use of the Fire Stairs and in addition, Tenant shall comply with Landlord’s reasonable requirements with respect to such use and shall reimburse Landlord for any actual, out of pocket costs
incurred by Landlord resulting from such use. All of Tenant’s Work under this Section 1.01(c) shall be performed in accordance with the provisions pertaining to Tenant’s Changes (as hereinafter defined in Section 5.01(e)(i)). If
Tenant defaults in any of its obligations under this Section 1.01(c) including without limitation, its use of the fire stairs in accordance with all other provisions of this Lease, Landlord may send Tenant notice of such default and if such
default is not cured within ten (10) business days (or two (2) business days if such default constitutes a safety issue, or two (2) business days, or such longer period of time as is reasonably necessary to cure any

  
 2 

 
code violation default) after Tenant’s receipt of same, Landlord shall have the right to terminate Tenant’s right to use the Fire Stairs under this Section 1.01(c). Tenant may be
required to remove all of the installations made pursuant to this Section 1.01(c) in accordance with Section 4.01 of this Lease. Unless caused by their negligence or willful misconduct, neither Landlord nor any of its agents or employees
shall have any liability for any injury or damage to persons or property, or interruption of Tenant’s business as a result of, or in connection with the use of the fire stairs, including any such injury or damage or interruption of
Tenant’s business caused by other tenants or persons in the Building using the fire stairs or entering the Premises from the fire stairs. 

(d) (i) Landlord represents to Tenant that the Certificate of Occupancy for the Building allows for the use of eight hundred and eighty
(880) square feet of usable space on the 7th floor terrace of the Building as shown hatched on Exhibit P annexed hereto (such 880 square foot space (as the same may be expanded as provided
below), herein, the “7th Floor Terrace”) for outdoor seating and such other uses as are more particularly described herein. Landlord will cooperate at no cost to Landlord with
Tenant in pursuing and obtaining required NYC permits if Tenant wishes to expand the area of the 7th Floor Terrace in a manner and size reasonably approved by Landlord, provided however, such
expansion of the 7th Floor Terrace shall not materially interfere or delay the performance of the Landlord Terrace Work (as hereinafter defined in this Section). Landlord shall be responsible, at
its sole expense except as hereinafter provided, to (a) create two (2) entrances/exits onto the 7th Floor Terrace (which shall include all modifications required to the perimeter
induction units and the cost of all such entrance/exit work shall be shared equally between Landlord and Tenant and Tenant shall reimburse Landlord for fifty percent (50%) of such costs within thirty (30) days after demand, together with
reasonable supporting documentation) and this work shall be completed by Landlord within four (4) months after Landlord’s receipt of agreed upon entrance/exit locations, (b) provide appropriate screening (such screening shall have
acoustical properties so as to limit the sound generated by the cooling tower only if required to meet the NC-40 Noise Standard inside the offices nearest the cooling tower and such screening will be finished
in a fashion reasonably acceptable to both Landlord and Tenant, provided Tenant shall not delay Landlord in finalizing this work) on the south side and the east side of the cooling tower at a height mutually agreed upon between the parties (but in
no event, less than ten (10) feet) to reasonably conceal any mechanical equipment or unusable portions of 

  
 3 

 the roof space, (c) lift and repair pavers, if needed, and create and install barriers (using planters
or railings or combinations thereof) as needed between the usable and non-usable space, (d) provide a hose bib for watering plants on the 7th Floor
Terrace, and (e) make the original 880 square feet of the 7th Floor Terrace code-compliant as of the date of the completion the Landlord Terrace Work (the “Landlord Terrace
Work”). The Landlord Terrace Work shall only be performed with respect to the original 880 square foot space comprising the 7th Floor Terrace. Landlord represents that as of
the Term Commencement Date, the roof on which the 7th Floor Terrace is located shall be waterproof. Landlord shall repair and maintain such roof in accordance with Section 10.02 hereof
(subject to Tenant’s obligation to pay for the cost of such repair and maintenance pursuant to Section 5.01(a) hereof) and Landlord shall indemnify Tenant against any and all damages resulting from defects in such roof existing as of the
Term Commencement Date to the fullest extent provided for in Section 5.02(c) hereof. Except for Landlord’s obligation to repair and maintain the roof as set forth above, Tenant shall be responsible, at its sole expense, to maintain and
repair all items of Landlord’s Terrace Work and any other items or property on the 7th Floor Terrace. Landlord shall complete the Landlord Terrace Work in coordination and conjunction with
Tenant’s Work but prior to the substantial completion of Tenant’s Work. Landlord agrees to use diligent good faith and commercially reasonable efforts to expeditiously complete Landlord’s Terrace Work prior to the substantial
completion of Tenant’s Work. Subject to Landlord’s reasonable approval, Tenant shall have the right to make alterations (as part of Tenant’s Changes) to the 7th Floor Terrace
desired by Tenant, including without limitation, the addition of outdoor lighting and any other work to make the area and the use of the 7th Floor Terrace beyond the original 880 square feet code
compliant, provided such work may not materially interfere with Landlord’s Terrace Work, which shall have priority. Landlord and Tenant shall use reasonable efforts to coordinate the Landlord Terrace Work and Tenant’s Work on the 7th Floor Terrace so as to avoid material interference and/or delay with each other’s work on the 7th Floor Terrace. Subject to the provisions
of this Lease (including without limitation Article 3 hereof and Tenant acknowledges and agrees that it must exercise reasonable care in Tenant’s use of the 7th Floor Terrace not to interfere
or disturb the operation of the theatre immediately below the 7th Floor Terrace) and throughout the Term, Tenant shall have the right to use (subject to casualty, condemnation or repairs,
maintenance or other work required to the Building) the 7th Floor Terrace, including the fire stair on the southwest corner of the Building only if the original 880 square feet of the 7th Floor Terrace is expanded (and Tenant shall be responsible to do any work 

  
 4 

 on such fire stair in order to make the use of same code compliant), so long as that portion of the 7th floor of the Building adjoining the 7th Floor Terrace area is part of the Premises, for purposes subject to Landlord’s reasonable approval,
provided however, all of Tenant’s obligations under this Lease with respect to indemnification, insurance and compliance with legal requirements (including, without limitation, obtaining all required permits) shall apply to Tenant’s
installations in and use of the 7th Floor Terrace and in addition, Tenant shall comply with Landlord’s reasonable requirements with respect to such use, including without limitation, the 7th Floor Terrace Rules and Regulations attached hereto as Exhibit Q (and Landlord may adopt or amend these rules and regulations in the same fashion with respect to Building rules and regulations set
forth in Section 5.01(b) hereof). 
 (ii) Subject to the provisions of this Lease (including without limitation, Article 3 hereof) and
throughout the Term, Tenant shall also have: (y) the exclusive right to use, so long as that portion of the 7th floor of the Building adjoining the 7th Floor Terrace is part of the Premises, the wall on the 7th floor setback facing the 7th
Floor Terrace as the same exists from time to time for display purposes only in connection with the WMG Primary Business (as hereinafter defined in Section 5.02(f)) subject to the reasonable approval of Landlord (including, without limitation,
reasonable approval of any content on such wall). All such displays on such wall shall be professionally rendered (e.g., no spray painting allowed) and shall not contain pornographic, or obscene material or imagery or any other content not
reasonably approved by Landlord; and (z) the non-exclusive right to use the portion of the plaza area in front of the Building (the “Building Plaza Area”) as same
exists from time to time at such times and in such locations as Landlord shall reasonably determine (maximum of eight (8) events per calendar year) for events, concerts, album release parties and other promotional events, provided however, all
of Tenant’s obligations under this Lease with respect to indemnification, insurance and compliance with legal requirements (including, without limitation, obtaining all required permits) shall apply to Tenant’s use of items (y) and
(z) and in addition, Tenant shall comply with Landlord’s reasonable requirements with respect to such use and shall reimburse Landlord for any actual, out of pocket incremental or additional costs incurred by Landlord resulting from such use.
Notwithstanding anything contained herein to the contrary, no signage rights described in clause (y) above may be separately assigned, sold or otherwise transferred by Tenant. 

  
 5 

 (iii) If Tenant defaults in any of its obligations under this Section 1.01(d),
including, without limitation, its use of the 7th Floor Terrace, the wall on the 7th floor setback facing the 7th Floor Terrace or and the Building Plaza Area, Landlord may send Tenant notice of such default and if such default is not cured within ten (10) business days (or two (2) business days if
such default constitutes a safety issue, or two (2) business days, or such longer period of time as is reasonably necessary to cure any code violation default) after Tenant’s receipt of such notice, Landlord shall have the right to
terminate Tenant’s right to use the 7th Floor Terrace, the wall on the 7th floor setback or the Building Plaza Area, as the case may be.

 Section 1.02 (a) The term of this Lease (the “Term”) shall commence on the date Landlord delivers possession
of the entire Premises to Tenant in the Delivery Condition (as hereinafter defined) (subject to Section 2.02 hereof) (“Term Commencement Date”), which in no event shall occur prior to January 1, 2014 and
shall end on July 31, 2029 (“Expiration Date”) or on such earlier date upon which said term may expire or be terminated as herein provided or pursuant to law. Landlord shall use commercially reasonable efforts to
deliver possession of the Premises to Tenant in the Delivery Condition on January 1, 2014. Landlord shall respond to Tenant’s inquiries regarding the anticipated Term Commencement Date within three (3) business days after
request. Landlord shall give Tenant twenty (20) days prior notice of the anticipated Term Commencement Date. Not less than fifteen (15) days prior to anticipated Term Commencement Date, each of Landlord and Tenant shall arrange to have its
respective architects walk through the Premises (the “Walkthrough”) for the purpose of producing a list of punchlist work (“Landlord’s Punchlist Work”). Landlord shall proceed to complete or
repair all items shown on the list of the Landlord’s Punchlist Work as agreed to between Landlord and Tenant within thirty (30) days after the Term Commencement Date, the completion of which shall be confirmed in writing by Tenant’s
architect, acting in good faith. 
 (b) Upon reasonable prior written notice to Landlord, Tenant shall have access to the Premises prior to
the Term Commencement Date for the following purposes: layout, surveys, sketching, delivery of materials, construction of on-site mock-ups and other customary pre-construction activities (“Tenant’s Pre-Term Commencement Date Work”). Such access shall be subject to: (i) all applicable terms
and conditions of this Lease except those pertaining to the payment of rent; and (ii) Tenant not interfering with the performance of any of Landlord’s work within the Premises necessary to deliver the Premises to Tenant in Delivery
Condition, which shall have priority over Tenant’s Pre-Term Commencement Date Work. 

  
 6 

 Section 1.03 (a) The Premises shall be used for the following,
but no other purpose, namely: executive, administrative and general offices (and customary ancillary uses associated therewith, provided the same do not otherwise violate the Certificate of Occupancy for the Building or the remaining terms and
conditions of this Lease). 
 (b) In connection with and incidental to the use of the Premises for offices as provided in
Section 1.03(a), Tenant may, subject to the provisions of this Lease and so long as such uses are permitted by applicable Requirements and the Building’s Certificate of Occupancy, use portions of the Premises for the following ancillary
purposes: a kitchen,/cafeteria, board room, pantries, unisex toilet rooms, private bathrooms events areas, audio/video studios, recording studios, storage room, shipping/mailroom, computer/data processing room, copy room, training facility and other
ancillary uses which are customarily found in corporate headquarters office space in Comparable Buildings (as hereinafter defined in Section 10.02). 

Section 1.04 The rent reserved under this Lease for the term hereof shall be and consist of the amounts of fixed
rent (“Fixed Rent”) as set forth in Exhibit C annexed hereto. Subject to Section 1.10 hereof, the Fixed Rent shall be payable in equal monthly installments in advance on the first day of each and every calendar
month during said term, plus such additional rent and other charges as shall become due and payable hereunder, which additional rent and other charges shall be payable as herein provided; all to be paid to Landlord at Post Office Box 11183A,
New York, NY 10286-1183, or by wire transfer as set forth below: 

ACCOUNT NAME: PGREF I 1633 BROADWAY TOWER, L.P.(ZERO BALANCE ACCOUNT) 

ACCOUNT NUMBER: 890 0621 362 

ABA NUMBER: 021 000 018 

BANK: THE BANK OF NEW YORK MELLON 

or such other place as Landlord may designate, in lawful money of the United States of America, by check, subject to collection, or by wire
transfer to the account specified above. 

  
 7 

 Section 1.05 (a) Tenant does hereby covenant and agree to pay the Fixed Rent,
additional rent and other charges herein reserved as and when the same shall become due and payable, without demand therefor (except as may otherwise expressly be provided for herein), and without any setoff or deduction whatsoever (except as may
otherwise expressly be provided for herein), and to keep, observe and perform, and permit no violation of, each of Tenant’s obligations hereunder. It being agreed that except for Fixed Rent, all amounts payable by Tenant to Landlord under this
Lease (whether by way of reimbursement or otherwise) are deemed to be additional rent under this Lease. If the Fixed Rent shall commence on any date other than the first day of a calendar month, the Fixed Rent for such calendar month shall be
prorated. 
 (b) Notwithstanding anything in this Lease to the contrary, if Tenant is obligated to reimburse Landlord for any costs
incurred by Landlord under any provision of this Lease (unless otherwise specifically provided for in this Lease), the amount reimbursed shall (i) be the reasonable (and there shall be a presumption of reasonableness for all such costs incurred
by Landlord under or pursuant to this Lease) and actually incurred out-of-pocket costs, (ii) not include any profit or
mark-up to Landlord and (iii) be made within thirty (30) days after receipt by Tenant of written request from Landlord accompanied by reasonably detailed supporting documentation. 

Section 1.06 The parties hereby agree that for all purposes of this Lease, the rentable area of the floors of the Premises shall
be as set forth on Exhibit C. Neither party shall make any claim for either an increase or decrease in Fixed Rent or additional rent based on the rentable area of the Premises or any portion thereof being other than as set forth in the
preceding sentence unless Landlord shall use more than a de minimus portion of the Premises for Building requirements to the extent permitted under Section 6.01 hereof. 

Section 1.07 In the event that the Term or Rent Commencement Date or Expiration Date is not a date certain, then either party
agrees to execute promptly after request from the other, an agreement setting forth such dates, provided however, that either party’s failure to execute said agreement shall in no way affect such dates. 

Section 1.08 If any of the Fixed Rent or additional rent payable under this Lease shall be or become uncollectible, reduced or
required to be refunded because of any legal requirements, Tenant shall enter into such agreement(s) and take such other legally permissible steps as Landlord may reasonably request to permit Landlord to collect the maximum rents which from time to
time during the continuance of such legal requirements may 

  
 8 

 
be legally permissible and not in excess of the amounts reserved therefor under this Lease. Upon the termination of such legal requirements; (a) the rents hereunder shall be payable in the
amounts reserved herein for the periods following such termination; and (b) Tenant shall pay to Landlord, to the maximum extent legally permissible, an amount equal to, (i) the rents which would have been paid pursuant to this Lease but
for such legal requirements less (ii) the rents paid by Tenant during the period such legal requirements were in effect. 

Section 1.09 Intentionally deleted. 

Section 1.10 (a) Provided that Tenant is not then in default (“Section 1.10 Default”)
beyond the expiration of any applicable notice and cure periods of any of the terms, conditions, covenants or agreements of this Lease on its part to be performed, the Fixed Rent shall be abated through July 31, 2014 with respect to floors 4,
7, 8 and 9 (the “Block 1 Rent Abatement Period”). August 1, 2014 shall be the Rent Commencement Date for floors 4, 7, 8 and 9. Provided that a Section 1.10 Default does not then exist, the Fixed Rent shall be
abated through December 31, 2016 with respect to floors 10 and 11 (the “Block 2 Rent Abatement Period” and with the Block 1 Rent Abatement Period, the “Rent Abatement Period”)).
January 1, 2017 shall be the Rent Commencement Date for floors 10 and 11. If Tenant cures a Section 1.10 Default (if any), Tenant shall receive the full abatement of Fixed Rent provided for herein. 

(b) In the event Landlord fails to deliver possession of the Premises to Tenant in the Delivery Condition on or before January 2, 2014
(such date shall be extended day for day for each day beyond October 1, 2013 that this Lease is not unconditionally and fully executed and delivered between the parties and such extended date herein referred to as the, “Extended
Date”), unless such failure is due to any of the causes set forth in Article 21 hereof or the acts or omissions (where this Lease or applicable law imposes a duty to act), or negligence of Tenant or its agents or employees, then Tenant, as its
sole and exclusive remedy, shall have the right to receive: (i) for the first thirty (30) days following the Extended Date, one (1) additional day of Fixed Rent abatement for each day that delivery of the Premises has been delayed
beyond the Extended Date; (ii) between the 31st day and the 90th day following the Extended Date, one and
one-half (1.5) additional days Fixed Rent abatement for each day that Delivery of the Premises has been delayed beyond the Extended Date; and (iii) from and after the 90th day following the Extended Date, two (2) additional days of Fixed Rent abatement for each day that delivery of the Premises has been delayed beyond the Extended Date. 

  
 9 

 ARTICLE 2 

Completion and Occupancy 

Section 2.01 (a) Tenant acknowledges that it has inspected the Premises and except as hereinafter expressly provided in this
Lease, agrees to accept possession of same in its “as-is” physical condition on the date hereof, ordinary wear and tear and casualty excepted, it being understood and agreed that subject to Articles
7 and 8 hereof, Landlord shall not be obligated to perform any alterations, improvements or repairs to the Premises or furnish to or remove from the Premises any alterations, improvements, fixtures, materials or any other property whatsoever, except
as set forth in Section 2.01(b) below. Tenant further acknowledges that, except as expressly set forth in this Lease, Tenant shall not be entitled to any free rent, (except as set forth in Section 1.10 hereof), concessions, credits or
contributions of money (except as set forth in Section 29.02 hereof) from Landlord with respect to the initial delivery of the Premises to Tenant. 

(b) The following items shall be completed by Landlord, at Landlord’s sole cost and expense, and shall constitute the “Delivery
Condition”: 
 1. Premises shall be delivered demolished in broom clean condition, including but not limited to, the removal of all
existing installations, existing ductwork back to the core, electrical conduit and wiring back to the panels that feed each floor, voice and data cabling (including any power and voice/data cabling within the cell system), supplemental HVAC units
together with all associated condenser water mains and branch piping back to the core riser on the floor, plumbing lines demolished and capped and fire alarm system in place per code for a demolished floor; 

2. Legally demised with a first class common corridor if necessary; 

3. Landlord shall remove all lead paint, if any; 

4. Installation of a temporary sprinkler loop on each floor of the Premises which is fully operational and code compliant; 

5. Delivery of the main HVAC trunk complete with smoke or fire dampers tied into the Building’s life safety systems at the core on each
floor of the office Premises for Tenant’s build out as well as smoke detectors at each return air duct if required by code; 

  
 10 

 6. All perimeter convector unit enclosures will be repaired or replaced as necessary and in
good working order. All piping, valves, thermostats and controls shall be in good working order and condition. Landlord shall cooperate with Tenant in any relocation of thermostats or controls, if applicable, at no actual cost to Landlord. Landlord
to repair any defective or leaking induction unit, hoses or piping. Landlord shall clean and comb out the coils; 
 7. All required Building
systems brought to the Premises in good working order and condition and fully operational in accordance with the Building’s specifications; 

8. Landlord to provide code compliant fireproofing and enclosure of any exposed structural steel; 

9. Landlord shall fill and firestop any slab (e.g., core drills) and wall penetrations; 

10. Concrete slab cleaned, scraped and flash patched as needed and major imperfections will be repaired as needed and floors will be delivered
smooth and reasonably level, all in a similar or better condition as exists as of the date of this Lease on the northeast corner of the 11th floor of the Building. Landlord will provide a topping
coat to the 4th floor slab where needed to meet the 11th floor standard set forth above. In the
8th floor freight elevator lobby, Landlord will repair slab where previous tenant stair existed and make slab reasonably level ready to receive tenant VCT floor (Tenant will be responsible for
flash patching); 
 11. Availability of connection points for Tenant’s strobes and related Class E connections. Landlord, at
Landlord’s expense, shall provide adequate points of connection on each floor to support all base Building fire alarm devices as well as fire alarm devices installed by Tenant as part of Tenant’s Work. Final connections to the Building
fire alarm system and programming shall be performed by the Building’s fire alarm vendor, at Tenant’s cost. All fire and safety systems, including alarms, speakers, communications, etc. shall be in full service and available on all floors
of the Premises. Landlord shall also install strobes in the core lavatories. Landlord to install hardware to enable synchronization of strobes. This item number 11 work shall not be part of the Delivery Condition but shall be completed in
conjunction with Tenant’s Work; 

  
 11 

 12. Asbestos (including vermiculite) and other Hazardous Materials (as hereinafter defined
in Section 2.03) shall be removed from the Premises or encapsulated as required by applicable law. Landlord will deliver to Tenant Form ACP-5 on or prior to December 15, 2013 with respect to the
Delivery Condition; 
 13. Delivery of the Premises with no outstanding construction liens and/or outstanding violations with the New York
Department of Buildings (“DOB”) or the Fire Marshal that would delay Tenants’ construction; 
 14. Landlord shall make
elevator call buttons and core door hardware and signage ADA compliant; 
 15. Landlord to deliver all windows sealed in and in weather tight
condition; 
 16. Repair existing pipe insulation where needed on the 11th floor only;
and 
 17. Central battery inverters: Landlord will leave in place the prior tenant battery inverters. Landlord approves the installation by
Tenant of new battery inverters (no larger than the existing battery inverters) in the core in the same locations as the prior tenant had installed inverters on all tenant floors (either replacing the prior tenant inverts or providing where the
inverter is not there). 
 (c) The Premises shall be delivered to Tenant vacant, with all rubbish and debris removed and free of tenancies
and occupancies (and any claim with respect thereto). Landlord represents to Tenant that, as of the date of this Lease, Landlord knows of no asbestos (including vermiculite) or other Hazardous Materials existing in the Premises or Shaft Space (as
hereinafter defined in Article 35) and if any such asbestos (including vermiculite) or other Hazardous Materials (defined as such as of the date of this Lease) shall exist in the Premises or the Shaft Space, (other than any asbestos (including
vermiculite) or other Hazardous Materials installed by, or at the request of Tenant, Landlord shall, in a commercially reasonable expeditious fashion and as Landlord’s sole obligation and liability and at Landlord’s sole cost and expense,
(i) remove such Hazardous 

  
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Materials as required by then existing applicable Requirements, and (ii) restore the Premises and the Shaft Space to their condition prior to the removal of the same. To the extent
Tenant’s construction, use and occupancy of the Premises is adversely affected by such removal, there shall be an equitable abatement of Fixed Rent based upon the portion of the Premises which Tenant is unable to use and occupy during such
removal and restoration (Haz Mat Abatement), which abatement shall be expressed on a per rentable square foot basis; provided, however that in the event such removal and restoration shall occur during the Rent Abatement Period,
Tenant shall be entitled to the Haz Mat Abatement after the expiration of the Rent Abatement Period. 
 Section 2.02 Landlord
and Tenant agree that any failure to deliver the Premises to Tenant in the Delivery Condition and have the Premises available to Tenant for its occupancy on a date certain shall in no way affect the validity of this Lease or the obligations of
Tenant hereunder nor shall the same be construed in any wise to extend the Term or impose any liability on Landlord, except as may otherwise be expressly provided for in Section 1.10(b) hereof. The provisions of this Section 2.02
are intended to constitute “an express provision to the contrary” within the meaning of Section 223-a of the New York Real Property Law and any other similar law hereafter in force. 

Section 2.03 For purposes of this Lease, the term “Hazardous Materials” shall include any substance
or material defined as a hazardous or toxic substance in Environmental Law. For purposes of this Lease, the term “Environmental Law” means any law or requirement pertaining to the environment, environmental conditions
and/or any Hazardous Substance, including, without limitation, the Comprehensive Environmental Petroleum and Response Compensation and Liability Act, 42 U.S.C. Section 9601 et seq., the Clean Air Act, 33 U.S.C. Section 7401 et seq., the
Toxic Substances Control Act, 15 U.S.C. Section 2601 et seq., the Safe Drinking Water Act, 42 U.S.C. Section 300(f) et seq., the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801 et seq., the Resource Conservation and
Recovery Act of 1976, 42 U.S.C. Section 6901 et seq., the Federal Water Pollution Control Act, 33 U.S.C. Section 1251 et seq., the Emergency Planning and Community
Right-To-Know Act, 42 U.S.C. Section 1101 et seq., the Occupational Safety and Health Act, 29 U.S.C. Section 651 et seq., any
so-called “Super Fund” or “Super Lien” law, applicable statutes of the State of New York and in any regulations adopted or publications promulgated pursuant to any of the foregoing (as the
same may be amended from time to time). 

  
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 ARTICLE 3 

Use of Premises 

Section 3.01 Tenant shall not use the Premises or any part thereof other than as expressly permitted in Section 1.03 hereof,
or permit the Premises or any part thereof to be used in any manner which would violate the Certificate of Occupancy for the Building or, for any purpose other than the use hereinbefore specifically mentioned. A true and complete copy of the
Building’s Certificate of Occupancy is attached hereto as Exhibit D. Landlord shall not amend the existing Certificate of Occupancy for the Building in any manner which would prevent, limit or impair Tenant’s right to use the Premises for
the purposes expressly permitted in Section 1.03. Those portions, if any, of the Premises, identified as toilets and utility areas shall be used by Tenant only for the purposes for which they are designed. 

Section 3.02 (a) Tenant shall not use or permit the use of the Premises or any part thereof in any way which would violate any of
the covenants, agreements, terms, provisions and conditions of this Lease or for any unlawful purposes or in any unlawful manner and except as expressly provided or permitted pursuant to the provisions of this Lease, Tenant shall not suffer or
permit the Premises or any part thereof to be used in any manner or anything to be done therein or anything to be brought into or kept therein which, in the reasonable judgment of Landlord, shall in any way impair the character, reputation or
appearance of the Building as a high quality office building, impair or interfere with any of the Building services or the proper and economic heating, cleaning, air conditioning or other servicing of the Building or Premises, or, subject to
Section 3.02(b) below, impair or interfere with the use of any of the other areas of the Building by, or occasion discomfort, inconvenience or annoyance to, any of the other tenants or occupants of the Building beyond that which is customary in
Comparable Buildings. The foregoing notwithstanding, Landlord acknowledges and agrees that Tenant’s use of the Building Plaza Area as set forth in Section 1.01(d)(ii)(z) above shall not, by that fact itself, be deemed to violate this
Section 3.02 provided Tenant uses the Building Plaza Area in accordance with the other applicable terms and conditions of this Lease, including without limitation, this Section 3.02. 

  
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 (b) Landlord and Tenant acknowledge that in connection with Tenant’s use of the
Premises, noise, by virtue of live or recorded entertainment or other sound reproduction, music, the playing of musical instruments, radio or television (all of the foregoing collectively, “Noise”), may have occasion to emanate
outside of the Premises, including the 7th Floor Terrace as a result of Tenant’s use of such areas into the premises of other tenants or permitted occupants in the Building
(“1633 Occupants”). As a material inducement for Landlord entering into this Lease, Tenant agrees that it will use commercially reasonable efforts to prevent any Noise from causing any material annoyance to any 1633
Occupants. In addition, if Landlord receives chronic written complaints from any 1633 Occupants detailing with reasonable specificity a material impact to such 1633 Occupant from Noise emanating from the Premises, Tenant shall, at its sole expense,
comply with such reasonable requirements as Landlord may determine (e.g., sound proofing) so as to eliminate such complaints from any 1633 Occupants. If Tenant fails to comply with any of its foregoing obligations within seven (7) business days
after Landlord’s delivery of a notice to Tenant specifying such failure (provided such seven (7) business day period shall be extended for such reasonable amount of time as may be required for Tenant to comply as long as Tenant commences
the cure of such non-compliance within such seven (7) business day period and diligently prosecutes same to completion), this shall constitute a material breach and default by Tenant under this Lease and
Landlord shall be entitled to exercise any and all rights and remedies available to it, under the Lease or in law or equity (and for the avoidance of doubt, Tenant shall indemnify Landlord to the full extent provided for in Section 5.01(k)
hereof). As a further material inducement for Landlord entering into this Lease, Tenant agrees that its use of the Building Plaza Area shall be in keeping with the standards of the outside activities which occur in connection with the current
“Toyota Concert Series” on the “Today Show”. 
 Section 3.03 If any governmental license or permit shall be
required for the proper and lawful conduct of Tenant’s business or other activity carried on in the Premises (other than the Certificate of Occupancy for the Building or any other permits and/or licenses that Landlord is legally required to
obtain in the City of New York for the operation of a first class office building), and if the failure to secure such license or permit might or would, in any material adverse way, affect Landlord, then Tenant, at Tenant’s expense, shall duly
procure and thereafter maintain such license or permit and submit the same to inspection by Landlord upon Landlord’s request therefor. Tenant, at Tenant’s expense, shall at all times comply with the requirements of each such license or
permit. 

  
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 Section 3.04 Landlord agrees to reasonably cooperate with Tenant in obtaining an
amendment to the Building’s Certificate of Occupancy (including amending the Certificate of Occupancy to add a permanent place of assembly within the Premises) if required in order to allow the use of the Premises for any of the uses permitted
by Section 1.03 hereof, provided that: (i) Tenant reimburses Landlord for any and all costs incurred by Landlord in connection therewith (including without limitation, all actual, out of pocket costs incurred for any subsequent amendment
to the Certificate of Occupancy as may be required to discontinue the use of the Premises permitted by the original amendment obtained hereunder); and, (ii) all of the uses currently permitted by the Certificate of Occupancy for the respective
portions of the Building other than the Premises must continue to be permitted subsequent to the amendment. 
 ARTICLE 4 

Appurtenances, Etc., Not to be Removed 

Section 4.01 (a) All alterations, additions, fixtures, equipment, improvements, installations and appurtenances permanently
attached to, or built into the Premises prior to, at the commencement of or during the term hereof (“Appurtenances”), whether or not furnished or installed at the expense of Tenant or by Tenant, including without limitation,
Tenant’s Changes (as defined in Section 5.01(e) hereof), shall be and remain part of the Premises and be deemed the property of Landlord and shall not be removed by Tenant, except as otherwise expressly provided in this Lease.
Appurtenances shall include, without limitation, all wiring, cables, risers and similar installations appurtenant thereto installed by Tenant in the risers or other common areas of the Building. Notwithstanding anything contained in this
Section 4.01 to the contrary but subject to the provisions of Section 4.01(b) hereof, all of Tenant’s furniture, fixtures, equipment and personal property (including, without limitation, audio-visual and other equipment)
(collectively, “Tenant’s Property”) shall remain the property of Tenant and may be removed from the Premises and the Building by Tenant at any time from time to time prior to the Expiration Date. Notwithstanding
anything contained herein to the contrary, Tenant shall have the right to remove Appurtenances during the Term if Tenant is renovating or replacing the same or if Tenant determines in its sole discretion that such Appurtenance is no longer necessary
or desirable in the Premises; provided, however, that in all such cases, Tenant shall repair at its own cost all damage resulting from such removal. Subject to Section 4.01(b) below, Landlord may require Tenant to remove all Appurtenances,
Tenant’s Property and Tenant’s Changes at the end of 

  
 16 

 
the Term in accordance with the terms and conditions of this Lease, and if so required, Tenant shall repair, restore, replace and/or rebuild (as the circumstances may require), in a good and
workmanlike manner any damage to the Premises or the Building caused by such removal. If any of the Appurtenances, Tenant’s Property or Tenant’s Changes required by Landlord to be removed from the Building are not so removed in accordance
with the immediately preceding sentence, then Landlord (in addition to all other rights and remedies to which Landlord may be entitled at any time) may at its election upon ten (10) business days’ notice to Tenant deem that the same has
been abandoned by Tenant to Landlord, but no such election shall relieve Tenant of Tenant’s obligation to pay the reasonable expenses of removing the same from the Premises or the expense of repairing, restoring, replacing and/or rebuilding (as
the circumstances may require) damage to the Premises or to the Building arising from such removal, which obligation shall survive the Expiration Date. 

(b) Notwithstanding anything contained in Section 4.01(a) to the contrary, Tenant shall not be required to remove any Appurtenances or
Tenant’s Changes that are non-structural, do not involve the perforation of a floor slab (other than “poke-throughs”) or the exterior facade or the redistribution of electricity within the
Premises, are not visible from outside the Premises (standing on the sidewalk) and are otherwise consistent with customary office usage. Subject to the last sentence in this Section 4.01 (b), Tenant may be required to remove over standard
and/or structural alterations, structural steel installed below existing members (which affect ceiling heights below or create unleveled conditions above the slab), vaults, cooking kitchens and associated installations and equipment and all Roof
Equipment (as defined in Article 36 hereof), signage permitted pursuant to Article 38 hereof, internal stairways, raised flooring and any bathrooms other than the base Building core area bathrooms. Notwithstanding the foregoing, Tenant shall not be
required to remove any Tenant’s Changes unless so designated for removal by Landlord at the time Landlord approves the plans and specifications for such Tenant Changes (“Tenant Plans”). 

(c) Any items which Landlord may require Tenant to remove upon the Expiration Date pursuant to this Section 4.01 are herein referred to
as “Removal Items.” No later than twelve (12) months prior to the Expiration Date, Landlord and Tenant shall meet to agree upon the cost to remove the Removal Items. The parties agree to use reasonable efforts to
reach such agreement and failing to do so, Tenant shall remove the Removal Items within thirty (30) days after the Expiration Date. 

  
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 Section 4.02 Except as otherwise expressly provided in this Lease to the
contrary and subject to Tenant’s rights under Section 1.01(d)(i) and 1.01(d)(ii)(y), all the perimeter walls and doors of the Premises, any balconies, terraces or roofs adjacent to the Premises and any space in and/or adjacent to the
Premises used for shafts, stairways, stacks, pipes, vertical conveyors, mail chutes, pneumatic tubes, conduits, ducts, electric or other utilities, rooms containing elevator or air conditioning machinery and equipment, sinks, or other similar or
dissimilar Building facilities, and the use thereof, as well as access thereto (including the right to secure same) through the Premises for the purpose of such use and the operation, improvement, alteration, replacement, addition, repair, cleaning,
maintenance, safety, security, and/or decoration thereof, are expressly reserved to Landlord. Notwithstanding anything contained herein to the contrary, Landlord shall not store window washing equipment on the 7th Floor setback adjacent to the 7th Floor Terrace except on the far northerly side for temporary storage if required under the circumstances. 

ARTICLE 5 

Various Covenants 

Section 5.01 Tenant covenants and agrees that Tenant will: 

(a) Take good care of and maintain in good order, condition and repair the Premises and Appurtenances and at Tenant’s sole cost and
expense, make all non-structural repairs, restorations and/or replacements thereto as may be required to keep the Premises and Appurtenances in good order and condition, except for those portions of the
Building systems, including elevators and elevator systems servicing the Premises, the Building’s mechanical rooms and common areas of the Building (which do not include core restrooms, corridors and elevator lobbies on floors where Tenant
leases the entire rentable area of such floor, the repair and maintenance of which shall be Tenant’s obligation) that Landlord is obligated to repair and maintain pursuant to the provisions of this Lease. Tenant shall also be responsible for
the cost of all repairs, interior and exterior, structural and non-structural, ordinary and extraordinary, foreseen or unforeseen, in and to the Building and the facilities and systems thereof, the need for
which arises solely due to: (i) the performance or existence (as to existence only, except if such Tenant’s Changes have been approved by Landlord) of Tenant’s Changes (herein defined); (ii) the

  
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installation, use or operation of Tenant’s Property; (iii) the moving of Tenant’s Property into or out of the Premises or the Building; (iv) Tenant’s compliance or non-compliance with any legal requirements (except, in such case, Tenant shall not be responsible for any structural or non-structural repairs so long as the need for same
does not arise due to Tenant’s particular use of the Premises not permitted pursuant to Article 3 hereof; or (v) the negligence, wrongful act or omission (where this Lease or applicable law imposes a duty to act) of Tenant or any of its
subtenants or its or their agents, licensees or invitees (but only to the extent not covered by Landlord’s insurance on the Building). Any of the repairs referred to in the immediately preceding sentence in or to the Building and/or the
facilities and systems thereof for which Tenant is so responsible shall be performed by Landlord at Tenant’s expense and Tenant shall pay Landlord’s actual
out-of-pocket costs (without profit or mark-up) therefor as additional rent hereunder within thirty (30) days after Landlord
gives Tenant an invoice therefor together with reasonable back-up documentation, provided Tenant has been given five (5) business days prior written notice before such work commences except in emergencies
in which event, notice shall be given as soon as reasonably practical after such work commences. All repairs and replacements made by or on behalf of Tenant or any person claiming through or under Tenant shall be made in conformity with the
provisions of this Lease and shall be at least equal in quality and class to the original work or installation. 
 (b) Faithfully observe
and comply (and cause its agents, employees, invitees and licensees to observe and comply) with the rules and regulations annexed hereto and such additional reasonable rules and regulations as Landlord hereafter at any time or from time to time may
make and may communicate in writing to Tenant (on at least ten (10) business days prior notice to Tenant), provided, however, that in the case of any conflict between the provisions of this Lease and such rule or regulation, the provisions of
this Lease shall control; and provided further that nothing contained in this Lease shall be construed to impose upon Landlord any duty or obligation to enforce the rules and regulations or the terms, covenants or conditions in any other lease as
against any other tenant and; provided further that Landlord shall not be liable to Tenant for violation of the same by any other tenant, its employees, agents, visitors, invitees, subtenants or licensees. In enforcing the rules and regulations,
Landlord agrees to treat similarly situated tenants in a similar fashion and not to enforce same in a discriminatory manner. Any additional rules and regulations adopted by Landlord shall not adversely affect Tenant’s conduct of business in the
Premises or access to the Premises or conflict with the provisions of this Lease. 

  
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 (c) Subject to Sections 5.02(a) and 5.02(b) hereof, permit Landlord and any mortgagee of the
Building and/or the Land or of the interest of Landlord therein and any lessor under any ground or underlying lease, and their representatives, to enter the Premises at all reasonable hours upon at least twenty-four (24) hours prior written
notice, which, for purposes of this section, may include notices sent via electronic mail (except in the case of an emergency when no such prior written notice will be required) for the purposes of inspection, or of making repairs, replacements or
improvements in or to the Premises or the Building or equipment, or of complying with all laws, orders and requirements of governmental or other authority or of fulfilling any obligation or exercising any right reserved to Landlord by this Lease.

 (d) Make no claim against Landlord, or any lessor under any ground or underlying lease (“Ground Lessor”),
or any mortgagee under any mortgage or trust indenture (“Mortgagee” and with the Ground Lessor, the “Underlying Indemnitees”) for any damage to property entrusted to employees of Landlord or for any
loss of or damage to any property by theft (including damage resulting from theft or attempted theft) or any injury or damage to Tenant or other persons or property resulting from fire, explosion, falling plaster, steam, gas, electricity, water,
rain or snow or leaks from any part of the Building or from the pipes, appliances or plumbing works or from the roof, street or subsurface or from any other place or by dampness, or caused by other tenants in the Building, or by any other cause of
whatsoever nature (including, without limitation, damage or injury caused by any hazardous or dangerous condition, waste, material and/or substance (as the same may be defined in any local, state or federal rule, regulation or statute)), except to
the extent caused by or due to the acts, omissions (where this Lease or applicable law imposes a duty to act), negligence, misconduct or breach of this Lease by Landlord, its officers, directors, partners, members, agents, contractors, servants or
employees (collectively, “Landlord Parties”), subject to Sections 7.03 and 7.04 hereof. 
 (e) (i) Make
no alterations, installations, repairs, additions, improvements or replacements including Tenant’s initial work in the Premises necessary for Tenant’s occupancy thereof (herein collectively called “Tenant’s
Changes”) in, to or about the Premises without Landlord’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, Landlord agrees that Tenant shall not be

  
 20 

 
required to obtain Landlord’s prior written consent to Tenant’s Changes which (a) are cosmetic in nature; and (b) are non-structural,
and do not require a building permit from the DOB and do not cost in each instance of (a) and (b) above in excess of Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00) in the aggregate in any twelve (12) month period with
respect to such items that are not cosmetic in nature, provided as to Tenant’s Changes set forth in clause (b) above, Tenant gives Landlord no less than seven (7) business days’ prior written notice of its intention to so perform
such Tenant’s Changes, which notice shall contain a reasonably detailed description of the work to be performed. If any Tenant’s Changes shall adversely affect any Building system, Tenant shall, at its sole expense, mitigate such adverse
effect to Landlord’s reasonable satisfaction. Notwithstanding anything contained herein to the contrary, Landlord shall be reasonable (and not unreasonably delay or condition) in granting or withholding its consent to any other Tenant’s
Changes, including without limitation, Tenant structurally reinforcing the floors in portions of the Premises, including the 7th Floor Terrace, Tenant putting intumescent paint on all
cross-bracings that need it on all floors within the Premises (and, to the extent Landlord is permitted to do so, providing any access to other tenant spaces as may be required to accomplish the same) and to the construction of internal stairways
and double height ceilings within the Premises. Tenant shall have the right to submit preliminary Tenant Plans requiring Landlord’s consent hereunder for Landlord’s preliminary approval prior to the submission of complete Tenant Plans,
provided nothing contained in any preliminary approval shall be deemed to constitute final approval as required herein, and further provided, Landlord may not change or modify any preliminary approvals of the same items shown on the final Tenant
Plans as long as there are no material deviations in the final Tenant Plans from the preliminary Tenant Plans. Any Landlord’s consent required under this Section 5.01(e) (i) shall be subject to the Landlord’s deemed approval
provisions contained in Section 5.01(e) (ii) hereof. Tenant’s Changes involving structural or base Building systems work shall only be performed by contractors, subcontractors or mechanics set forth on Exhibit E attached hereto
and all other Tenant’s Changes shall be performed by such other contractors, subcontractors or mechanics as approved by Landlord which approval shall not be unreasonably withheld, conditioned or delayed. Tenant shall have the right to
supplement Exhibit E with additional contractors subject to Landlord’s reasonable approval. Tenant may select its own architects, engineers and other construction consultants, subject to Landlord’s reasonable approval. Tenant’s
Changes shall be done at Tenant’s sole expense in accordance with the applicable Building Standard rules and regulations. 

  
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 (ii) Prior to the commencement of any Tenant’s Changes for which Landlord’s
consent shall be required, Tenant shall submit to Landlord, for Landlord’s written approval, three (3) complete sets of Tenant Plans (to be prepared by and at the expense of Tenant) of such proposed Tenant’s Changes in detail
consistent with good construction practices and reasonably satisfactory to Landlord. Tenant’s Changes shall be completed as follows: (A) free and clear of all liens, conditional bills of sale, security agreements and other claims, charges
and encumbrances (other than security agreements or other encumbrances in favor of any mortgagee of Landlord or Tenant or any equipment lessors); and (B) in accordance with the requirements of this Lease. Landlord shall respond to Tenant’s
request for approval of Tenant Plans within ten (10) business days after Landlord’s initial receipt of such plans and within five (5) business days after any re-submissions. Landlord shall
describe in reasonable detail the basis for any such disapproval of Tenant’s plans. If Landlord fails to respond to such request for approval or to any resubmissions within the above time periods, Tenant may send written notice (in strict
accordance with the requirements of Section 11.01(a) hereof) of such failure to Landlord, which notice shall specify that Landlord’s continued failure to so respond within an additional three (3) business days after Landlord’s
receipt of such notice shall constitute approval of Tenant Plans and, if Landlord fails to so respond within such additional three (3) business days after Landlord’s receipt of such notice, Tenant Plans shall be deemed approved. In no
event shall any material or equipment be incorporated in or to the Premises in connection with any such Tenant’s Changes which is subject to any lien, security agreement, charge, mortgage or other encumbrance of any kind whatsoever or is
subject to any conditional sale or other similar or dissimilar title retention agreement. Any mechanic’s lien filed against the Premises or the Building for work done for, or claimed to have been done for, or materials furnished to, or claimed
to have been furnished to, Tenant shall be discharged or bonded by Tenant within fifteen (15) days after Tenant is notified of such filing, at Tenant’s expense, by filing the bond required by law or otherwise. 

(iii) All Tenant’s Changes shall at all times comply with: (x) all applicable Requirements, rules, orders and regulations of
governmental authorities having jurisdiction thereover and all applicable insurance requirements; (y) the rules and regulations of Landlord for tenant alterations, the construction rules and regulations being attached hereto as Exhibit F (and
Landlord may adopt or amend these rules and 

  
 22 

 
regulations in the same fashion with respect to Building rules and regulations set forth in Section 5.01(b) hereof, provided such additional or amended rules and regulations shall not
adversely affect Tenant’s conduct of business in the Premises or access to the Premises or conflict with the provisions of this Lease); and (z) the plans and specifications submitted to and approved by Landlord, if applicable. In
connection with any Tenant’s Changes, Tenant shall pay to Landlord, as additional rent, within thirty (30) days after written demand therefor accompanied by reasonably supporting documentation a fee equal to the actual and reasonable out-of-pocket costs incurred by Landlord (without any Landlord supervisory fee) in connection with, or relating to, Landlord’s review of Tenant Plans in connection with
any such Tenant’s Changes. For any cosmetic and/or non-structural Tenant’s Changes which are part of Tenant’s Work, the fee payable by Tenant pursuant to the immediately preceding sentence shall
be capped at $5,000.00 (per Tenant’s Change) and such fee for Tenant’s Changes subsequent to Tenant’s Work shall be capped at $3,000.00 (per Tenant’s Change). No Tenant’s Changes requiring Landlord’s consent shall be
undertaken, started or begun by Tenant or by its agents, employees, contractors or anyone else acting for or on behalf of Tenant until Landlord has approved Tenant Plans or a detailed sketch, as the case may be, and no amendments or additions to
such plans and specifications (other than minor field changes made in accordance with industry standard construction practices) shall be made without the prior written consent of Landlord, which consent shall not be unreasonably withheld,
conditioned or delayed. Unless all of the conditions contained in this Section 5.01(e) are fully satisfied, Landlord shall have the right, in Landlord’s sole and absolute discretion, to withhold its consent to any Tenant’s Changes.
Landlord’s consent to Tenant Plans shall create no responsibility or liability on the part of Landlord with respect to their completeness, design sufficiency or compliance with all applicable Requirements and/or insurance requirements; nor
shall Landlord’s execution of any documents required to be filed with any governmental authority in connection with Tenant’s installations or changes create any responsibility or liability on the part of Landlord to take remedial measures
to bring any Tenant’s installations or changes into compliance with applicable legal and/or insurance requirements (such responsibility or liability being allocated hereunder to Tenant). If any Tenant’s Changes are made or installed in
violation of this Section 5.01(e), Landlord may, if such Tenant’s Changes are not removed or corrected by Tenant within fifteen (15) days (or such additional period of time as is reasonably required to remove or correct same) after
notice to 

  
 23 

 
Tenant, at Tenant’s sole cost and expense, without incurring any liability to Tenant whatsoever, enter upon the Premises and remove such illegitimate Tenant’s Changes in violation of
this Section 5.01(e) and repair any damage caused by the installation and/or removal of the same. 
 (iv) In connection with the
completion of Tenant’s Changes or in the performance of any other activities within the Building by or on behalf of Tenant: (a) neither Tenant nor its agents, contractors or subcontractors shall interfere (with the operations of the
Building or any work being done by Landlord or its agents, contractors or subcontractors in the Building (and Landlord will cooperate (at no cost to Landlord) in endeavoring to mitigate such interference); (b) Tenant shall comply with any reasonable
work schedule, applicable Building rules and regulations; (c) Tenant shall not do or permit anything to be done that would reasonably be expected to create any work stoppage, picketing or other labor disruption or dispute; and (d) the
labor employed or contracted for by Tenant shall be compatible with the union labor employed or contracted for by Landlord in the Building, it being agreed that, if Tenant’s labor is incompatible or causes disharmony, Tenant shall, promptly
after receipt of Landlord’s written demand (electronic mail being sufficient demand for this purpose) therefor, withdraw Tenant’s labor from the Premises. Landlord shall cooperate (at no cost to Landlord) in endeavoring to mitigate such
disharmony. If Tenant fails to take any such actions regarding labor matters, Landlord shall have the right, in addition to any other rights and remedies available to it under this Lease or pursuant to law or equity, to seek immediate injunctive
relief. Tenant further agrees that it will, prior to the commencement of any work in the Premises, deliver to Landlord original certificates of insurance evidencing worker’s compensation, public liability, property damage and such other
reasonable insurance coverages in such amounts as set forth in Exhibit F in connection with Tenant’s Changes. Tenant shall keep records of Tenant’s Changes costing in excess of Two Hundred Fifty Thousand and 00/100 ($250,000), and of the
cost thereof for a period of two (2) years. Tenant shall, within sixty (60) days after written demand by Landlord, furnish to Landlord copies of such records. Upon completion of any Tenant Changes, Tenant shall deliver to Landlord
dimensioned reproducible mylars and CADD disk of “as-built” plans or, in lieu thereof, final Tenant Plans with field notes for such Tenant Changes which require Landlord’s consent hereunder.
During the performance of Tenant’s Work, Landlord may require drain-down or isolation of the sprinkler system within the Premises. Tenant shall pay for the supervision of the Building’s engineer (in accordance with Exhibit I) if
such drain down or isolation work is done during non-Business Hours; if such work is done during Business Hours, such work shall be done under the supervision of the Building’s engineer, but at no cost to
Tenant. 

  
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 (f) Not do or permit to be done any act or thing in the Premises which will invalidate or be
in conflict with fire insurance policies generally issued for office buildings in the Borough of Manhattan, City of New York, and not do anything or permit anything to be done, or keep anything or permit anything to be kept, in the Premises which
would result in insurance companies of good standing refusing to insure the Building or any such property in amounts and against risks as reasonably determined by Landlord, or otherwise result in
non-compliance with any applicable legal requirements. If solely by reason of failure of Tenant to comply with the provisions of this paragraph including, but not limited to, the specific use to which Tenant
puts the Premises (as opposed to mere office use and all other uses permitted under Section 1.03 hereof), the fire insurance rate payable by Landlord shall at the beginning of this Lease or at any time thereafter be higher than it otherwise
would be, then Tenant shall reimburse Landlord, as additional rent hereunder, for that part of all fire insurance premiums thereafter paid by Landlord which shall have been charged solely because of such failure or use by Tenant, and shall make such
reimbursement upon the first day of the month following such outlay by Landlord and demand upon Tenant together with reasonable back-up documentation. In any action or proceeding wherein Landlord and Tenant
are parties, a schedule or “make up” rate for the Building or Premises issued by the New York Fire Insurance Rating Organization, or other body making fire insurance rates for the Premises, shall be prima facie evidence of the facts
therein stated and of the several items and charges in the fire insurance rate then applicable to the Premises. 
 (g) Subject to
Section 5.02(b) hereof, permit Landlord, at reasonable times upon reasonable prior written notice (which, for purposes of this Section, may include notices sent via electronic mail), to show the Premises to any lessor under any ground or
underlying lease, or any lessee or mortgagee, or any prospective purchaser, lessee, mortgagee, or assignee of any mortgage of the Building and/or the Land or of Landlord’s interest therein, and their representatives, and during the period of
twelve (12) months immediately preceding the Expiration Date with respect to any part of the Premises similarly show any part of the Premises to any person contemplating the leasing of all or a portion of the same. 

  
 25 

 (h) At the end of the term, quit and surrender to Landlord the Premises “broom
clean” and in good order and condition, reasonable wear and tear and loss by Casualty (as hereinafter defined in Section 7.01) and Condemnation (as hereinafter defined in Section 8.01) excepted, and Tenant shall remove Tenant’s
Changes and/or Tenant’s Property as Landlord elects to have Tenant and Tenant is required to remove all in accordance with Section 4.01 hereof. Tenant shall give Landlord sixty (60) days’ prior written notice of the day it
intends to vacate the Premises (which may be either upon the Expiration Date or the Expiration Date as extended pursuant to Article 32 hereof), but the failure to do so, shall not result in any liability except as expressly provided below in this
paragraph (h). Upon receipt of said notice Landlord and Tenant shall agree on a mutually convenient time, but in no event later than thirty (30) days prior to the Expiration Date, in order to perform a joint inspection of the Premises. Tenant
expressly waives, for itself and for any person claiming through or under Tenant, any rights which Tenant or such person may have under the provisions of Section 2201 of the New York Civil Practice Law and Rules and any similar successor law of
the same import then in force, in connection with any holdover proceedings which Landlord may institute to enforce the provisions of this paragraph (h) following the expiration or earlier termination of this Lease. If Tenant shall remain in
possession of the Premises after the Expiration Date without the execution of a new lease (whether or not with the consent or acquiescence of Landlord), Tenant’s occupancy shall be deemed to be that of a tenancy-at-will, and in no event from month-to-month or from
year-to-year, and it shall be subject to all of the other terms of this Lease applicable thereto, including those set forth in this paragraph (h). In the event that
Tenant remains in possession of the Premises or any part thereof after the expiration of the tenancy-at-will created hereby then Tenant’s occupancy shall be deemed
a tenancy-at sufferance and not a tenancy-at-will. Nothing contained herein shall be construed to constitute Landlord’s
consent to Tenant holding over after the Expiration Date or to give Tenant the right to hold over after the Expiration Date. During the period in which Tenant holds over, Tenant shall pay rent to Landlord at a monthly rental equal to the greater of:
(i) 1.25 times the monthly Fixed Rent, plus all Article 26 additional rent last payable by Tenant hereunder for the first sixty (60) days of holdover, then, 1.5 times the monthly Fixed Rent, plus all Article 26 additional rent last payable by
Tenant hereunder; or (ii) the price, on a monthly basis, for comparable space in the Building Landlord is then obtaining as evidenced by comparable recent leases (or, if Landlord shall have no such recent comparable leases, the monthly rental
equal to the prevailing rate for comparable space in comparable buildings in the vicinity of the Building). Tenant’s obligations under this paragraph (h) shall survive the expiration of this Lease. 

  
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 (i) At any time and from time to time upon not less than ten (10) business days’
prior notice by Landlord to Tenant, execute, acknowledge and deliver to Landlord or any of Landlord’s affiliates, or to any prospective or current superior lessor, mortgagee, lender or partner or a prospective purchaser or investor in the
Building, a statement of Tenant (or if Tenant is a corporation or another entity, an appropriate officer or director of Tenant) in writing certifying to Landlord or to anyone else Landlord shall reasonably designate that this Lease is unmodified and
in full force and effect (or if there have been modifications, that the same is in full force and effect as modified and stating the modifications), specifying the dates to which the Fixed Rent, additional rent and other charges have been paid in
advance, if any, and stating whether or not to the best knowledge of the signer of such certificate Landlord is in default in the performance of any provision of this Lease and, if so, specifying each such default of which the signer may have
knowledge, and further stating such other items or information as Landlord or Landlord’s designee may reasonably request and as are known to Tenant; it being intended that any such statement so delivered may be relied upon by the person to whom
the statement is given. If Tenant fails to execute and deliver the statement as and when required by this Section 5.01(i), then notwithstanding any other provision of this Lease, if such failure shall not be cured within five (5) business
days after receipt of the second notice and demand by Landlord, such failure shall constitute a default under this Lease beyond any applicable cure period entitling Landlord to the same rights and remedies as if such default was with respect to
nonpayment of Fixed Rent, provided that such failure to deliver such statement within five (5) business days after receipt of the second notice shall be stated in bold in such second notice. Landlord agrees to provide Tenant or to anyone else
Tenant shall reasonably designate within ten (10) business days after Tenant so requests, a certificate as to whether (i) this Lease has been modified and, if so, a list of the documents modifying this Lease, (ii) this Lease is then
in full force and effect, (iii) Tenant is then current in the payment of Fixed Rent and additional rent, and (iv) Landlord has given any notice of default under this Lease which remains uncured. This certificate shall state such other
information regarding the Lease as Tenant or Tenant’s designee shall reasonably request, it being intended that any such statement so delivered may be relied upon by the person to whom the statement is given. 

  
 27 

 (j) Not move any safe, heavy machinery, heavy equipment, freight, bulky matter or fixtures
into or out of the Building without Landlord’s prior written consent not to be unreasonably withheld, delayed or conditioned. If such safe, machinery, equipment, freight, bulky matter or fixtures require special handling, Tenant agrees to
employ only persons holding a Master Rigger’s License to do said work, and that all work in connection therewith shall comply with the Administrative Code of the City of New York. Notwithstanding said consent of Landlord, Tenant shall defend
and indemnify Landlord for, and hold Landlord harmless and free from, all loss, costs, liabilities and damages sustained by person or property arising out of the moving of such items into or out of the Building except to the extent caused by the
acts, omissions, negligence, misconduct or breach of this Lease by Landlord or any Landlord Parties, as well as for all reasonable expenses and reasonable attorneys’ fees incurred in connection therewith, and all costs incurred in repairing any
damage to the Building or Appurtenances (including, without limitation, Landlord’s reasonable charge for any repairs performed by Landlord’s employees). 

(k) To the extent not prohibited by applicable Requirements and to the extent not caused by the acts, omissions (where this Lease or
applicable law imposes a duty to act), negligence, misconduct or breach of this Lease by Landlord or any Landlord Parties and subject to Sections 7.03 and 7.04, indemnify, defend and save harmless, Landlord and the Underlying Indemnitees, and their
respective officers, directors, contractors, agents and employees, from and against any and all liability (statutory or otherwise), claims, actions, suits, demands, damages, judgments, costs, interest and expenses of any kind or nature of anyone
whomsoever (including, but not limited to, reasonable third-party counsel fees and disbursements incurred in the defense of any action or proceeding including in enforcing the foregoing indemnification) (collectively, “Loss”), to
which they may be subject or which they may suffer by reason of any claim for, any injury to, or death of, any person or persons, theft or damage to property (including any loss of use thereof) or damage to the Building or Appurtenances or otherwise
arising from or in connection with the use of or from any work, installation or thing whatsoever done (other than by Landlord or its agents, employees or contractors) in or about the Premises and/or the Building by Tenant or any of Tenant’s
officers, directors, agents, contractors, employees, subtenants, licensees or invitees, during or subsequent to (in the case of a holdover), the Term, or arising from any condition of the Premises and/or the Building due to or resulting from any
default by Tenant in the performance of Tenant’s 

  
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obligations under this Lease or from any wrongful act, omission (where this Lease or applicable law imposes a duty to act) or negligence of Tenant or any of Tenant’s officers, directors,
agents, contractors, employees, subtenants, licensees or invitees. Where not prohibited by applicable Requirements, no workers’ compensation claim by any of Tenant’s employees will be subrogated against Landlord. 

Whenever this Lease requires either Landlord or Tenant to indemnify the other, then the parties shall comply with the following procedures
and requirements: 
  

	 	(i)	 Notice to Indemnitor. The party being indemnified (the “Indemnitee”) shall
promptly notify the party with the obligation to indemnify (the “Indemnitor”) in writing of any Loss for which it is seeking indemnification hereunder. 

 

	 	(ii)	 Selection of Counsel. Indemnitor shall select counsel reasonably acceptable to Indemnitee and to
Indemnitor’s insurance carrier. Counsel chosen by Indemnitor’s insurance carrier shall be deemed satisfactory. Even though Indemnitor shall defend the action, Indemnitee may, at its option and its own expense, engage separate counsel to
advise it regarding the claim and its defense. Indemnitor’s counsel shall consult with Indemnitee’s counsel; provided, however, that Indemnitor and its counsel shall fully control the defense of such Loss.

  

	 	(iii)	 Cooperation. Indemnitee shall reasonably cooperate (at no cost to Indemnitee) with
Indemnitor’s defense. 

  

	 	(iv)	 Settlement. Indemnitor may, with Indemnitee’s consent, not to be unreasonably withheld,
conditioned or delayed, settle the claim. Indemnitee’s consent shall not be required for any settlement by which: (i) Indemnitor procures (by payment, settlement, or otherwise) a release of Indemnitee by which Indemnitee need not make any
payment to the claimant; and (ii) neither Indemnitee nor Indemnitor on behalf of Indemnitee admits liability. 

  

	 	(v)	 Survival. Each of Landlord’s and Tenant’s indemnification obligations contained in this
Lease shall survive the expiration or earlier termination of this Lease. 

  
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 (l) Not do or permit to be done any act or thing which would cause any hazardous or
dangerous condition, waste, material and/or substance (as the same may be defined in any local, state or federal rule, regulation or statute) to be used, stored, transported, released, handled, produced, created, disposed of, or installed in, on,
from, or at the Premises and/or the Building, except for small amounts of standard office and cleaning and other supplies customarily used in the ordinary course of businesses being conducted at the Premises in accordance with this Lease; provided
that all such materials and/or substances: (i) shall at all times be used, stored, transported, released, handled, produced, created, disposed of, and/or installed in compliance with all applicable legal and/or insurance requirements;
(ii) shall not create any additional burden on Landlord to notify other tenants, the public or any governmental authority of the existence of such materials and/or substances; and (iii) shall not cause any increase in Landlord’s
insurance rates by reason of any wrongful acts or omissions (where this Lease or applicable law imposes a duty to act) that are not permitted by the provisions of this Lease. 

Section 5.02 Landlord covenants and agrees that Landlord will: 

(a) use reasonable efforts not to interfere with the businesses being conducted at the Premises in accordance with this Lease during such times
as Landlord exercises its rights under the various provisions of this Lease which permit Landlord to perform work, repairs, improvements, maintenance and/or alterations to the Building (including the Premises) but Landlord shall not be required to
perform the same on an overtime or premium pay basis unless required to remedy an emergency situation or Tenant agrees in writing to reimburse Landlord for the incremental cost of such overtime or premium pay basis or unless such work adversely
interferes with the use of the Premises for the conduct of business in the Premises; 
 (b) give Tenant reasonable prior written notice,
which, for purposes of this section, may include notices sent via electronic mail of all entry into the Premises and afford Tenant the right to have a representative present (except in the case of an emergency when no such notice or representative
shall be required except for such notice, if any, as is practical under the circumstances); 

  
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 (c) to the extent not prohibited by applicable Requirements and to the extent not caused by
the acts, omissions (where this Lease or applicable law imposes a duty to act), negligence, misconduct or breach of this Lease by Tenant, its agents, employees or contractors or any Tenant Parties (as hereinafter defined in Section 10.01
hereof) and subject to Sections 7.03 and 7.04, indemnify, defend and save harmless, Tenant and its partners, members, principals, agents, officers, directors, contractors and employees from and against any and all liability (statutory or other),
claims, actions, suits, demands, damages, judgments, costs, interest and expenses of any kind or nature of anyone whomsoever (including, but not limited to, reasonable third party counsel fees and disbursements incurred in the defense of any action
or proceeding, including in enforcing the foregoing indemnification) to which they may be subject or which they may suffer by reason of any claim for, any injury to, or death of, any person or persons, injury or loss, theft or damage to property
(including any loss of use thereof) arising from any wrongful act, omission (where this Lease or applicable law imposes a duty to act) or negligence of Landlord or any of its agents, employees, officers, directors and contractors; 

(d) cure any violation of the New York City building code caused by any condition existing within the Building and not caused by Tenant, in a
commercially diligent fashion, if such violation prevents or impedes Tenant from obtaining a building permit, work permit, approval or sign-off or obtain a temporary certificate of occupancy for all or a
portion of the Premises to perform and complete Tenant’s Work or obtain an amendment to the Building’s Certificate of Occupancy pursuant and subject to the provisions of Section 3.04 hereof. Tenant shall reimburse Landlord for the
actual out-of-pocket cost without mark-up or surcharge of curing any violation caused by any condition created by Tenant; 

(e) to execute within five (5) business days after written request, DOB forms, pre-determination
application, permits and related documentation (collectively, “DOB Applications”) required in order for Tenant’s Work to be appropriately filed and provide at such time all original
ACP-5 certificates required to be delivered in connection with the Delivery Condition in the quantity required by Tenant for Tenants’ filings with the DOB. If requested by Tenant, Landlord agrees to sign
the DOB Applications prior to submission of Tenant Plans provided that Tenant Plans shall be subject to Landlord’s reasonable review as provided in Article 5 hereof. Notwithstanding the foregoing: (i) Landlord’s execution of any DOB
Applications shall not be construed as approval of Tenant’s plans or specifications for any work involved; and (ii) no work may be commenced by Tenant until such final plan approval is received from Landlord in accordance with the terms
and conditions of this Lease. Tenant’s architect and MEP engineer may self-certify 

  
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Tenant’s final plans and specifications for Tenant’s Work for purposes of expediting DOB filings, provided however, Tenant, at its sole expense, shall be responsible to make any
corrections required by the DOB in Tenant’s Work and Tenant shall indemnify Landlord for all Loss sustained by Landlord as a result of this self-certification to the fullest extent provided for in Section 5.01(k); and 

(f) to the extent and for such period of time as applicable Requirements shall permit the same, not enter into any new lease at the Building
with or seek any lease guarantee from any of the entities listed on Exhibit O annexed hereto (or to any successor entity to any entity listed thereon) provided any such entity or successor entity has as its primary business the WMG Primary
Business. For purposes of this Lease, the term “WMG Primary Business” shall mean the media, entertainment and music-based content business and any business that is a direct extension, development or expansion thereof.
Exhibit O may be amended by Tenant no more often than once every three (3) years, provided any amended entity must be engaged in the WMG Primary Business and Exhibit O may never contain more than four (4) entities. The
foregoing restriction shall not apply to leases and occupancy agreements within the Building existing as of the date of this Lease nor shall such restriction apply to any assignments, sublettings or license agreements under any such existing leases;
provided however that in the event Landlord’s consent is required for such assignment, subletting or license, Landlord agrees that it shall not provide such consent as long as Landlord’s not providing such consent shall not, in
Landlord’s reasonable and good faith opinion, subject Landlord to any legal liability. This Section 5.02(f) shall terminate and have no further force or effect upon the occurrence of any of the following events: (i) the expiration or
termination of this Lease, (ii) the occurrence of any default by Tenant under this Lease which is not cured beyond the applicable notice and cure period, (iii) the failure of Tenant to no longer operate the WMG Primary Business for a
period in excess of ninety (90) days; (iv) Tenant under this Lease is not WMG ACQUISITION CORP. or its permitted Affiliates or its permitted Successor Entity (as such terms are hereinafter defined in Section 25.02) or Tenant is not in
occupancy for the conduct of its business of at least four (4) full floors of the Premises; or (v) any of the entities listed on Exhibit O (or any successors thereto) acquires a controlling interest in the Building. 

  
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 ARTICLE 6 

Changes or Alterations by Landlord 

Section 6.01 Landlord reserves the right to make such changes, alterations, additions, improvements, repairs or replacements in or
to the Building (including the Premises, provided the usable square footage of the Premises shall not be reduced by more than fifty (50) square feet per floor in the Premises (a “de minimus
reduction”) and if such de minimus reduction occurs, Fixed Rent shall be proportionately reduced based upon the amount of such de minimus reduction) and the fixtures and equipment thereof, as well as in or to the street entrances,
halls, passages, elevators, escalators, stairways and other parts thereof (provided only necessary repairs, maintenance or replacements required for the Building may be made within the 7th Floor
Terrace), and to erect, maintain and use pipes, ducts and conduits in and through the Premises (provided same are, to the extent possible, concealed behind then existing walls and ceilings of the Premises and, if not concealed areas, then adjacent
to then existing walls and ceilings and appropriately boxed and concealed using the same materials and workmanship then existing in such portion of the Premises so that it becomes part of the existing décor of the Premises in such area of the
Premises), all as Landlord may deem necessary or desirable; provided, however, Landlord agrees that the end result of any of the foregoing shall not adversely interfere with the use of the Premises and necessary facilities or access
thereto. Nothing contained in this Article 6 shall relieve Tenant of any duty, obligation or liability of Tenant set forth in this Lease with respect to making any repair, replacement or improvement or complying with any law, order or requirement of
any governmental or other authority. 
 Section 6.02 Landlord reserves the right to name the Building and to change the name or
address of the Building at any time and from time to time. Except as expressly set forth herein, neither this Lease nor any use by Tenant shall give Tenant any easement or other right in or to the use of any door or any passage or any concourse or
any plaza connecting the Building with any subway or any other building or to any public conveniences, and the use of such doors, passages, concourses, plazas and conveniences may, without notice to Tenant be regulated or discontinued at any time by
Landlord. If at any time any windows of the Premises are: (i) temporarily obstructed incident to or by reason of repairs, replacements, maintenance and/or cleaning in, on, to or about the Building or any parts thereof; or (ii) permanently
or temporarily closed or obstructed as a result of any reason beyond Landlord’s control including applicable Requirements, then Landlord shall not be liable for any damage Tenant may sustain thereby and Tenant 

  
 33 

 
shall not be entitled to any compensation therefor or abatement of rent nor shall the same release Tenant from its obligations hereunder or constitute an eviction. Landlord represents to Tenant
that as of the Term Commencement Date, and Landlord covenants that during the Term, Landlord shall make any required repairs to keep, all windows within the Premises watertight and in good condition and that those portions of the Building
façade within the Premises shall be watertight. 
 Section 6.03 Except as provided in the Haz Mat Abatement, Articles 7
and 8 and Section 17.05 of this Lease, there shall be no allowance to Tenant for a diminution of rental value, the same shall not constitute an eviction of Tenant in whole or in part and Landlord shall incur no liability (except for the
wrongful acts, omissions, negligence or willful misconduct of Landlord or Landlord Parties or the breach by Landlord of this Lease) whatsoever by reason of inconvenience, annoyance, or injury to business arising from Landlord, Tenant or others
making any changes, alterations, additions, improvements, repairs or replacements in or to any portion of the Building or the Premises or in the Appurtenances thereof or in the taking of material in the Premises in connection therewith and no
liability shall be incurred by Landlord for failure of Landlord or others to make any changes, alterations, additions, improvements, repairs or replacements in or to any portion of the Building or the Premises, or in the Appurtenances except to the
extent Landlord is obligated to make repairs or replacements or to maintain the Building as provided hereunder. Nothing contained herein shall be construed as a waiver by Tenant of any of its rights (subject to the provisions of this Lease) to
enforce Landlord’s obligations under this Lease. 
 ARTICLE 7 

Damage by Fire, Etc. 

Section 7.01 Subject to Section 7.02, if any part of the Premises shall be damaged by fire or other casualty (the
“Casualty”), Tenant shall give prompt written notice thereof to Landlord and Landlord shall proceed with reasonable diligence to repair such damage in a good and workmanlike manner substantially to the same condition as existed
before the Casualty, and if any part of the Premises shall be rendered untenantable by reason the Casualty, the annual Fixed Rent and Article 26 additional rent payable hereunder and other additional rent for any service or item not then being
supplied to Tenant shall be abated to the extent that such Fixed Rent and Article 26 additional rent and other additional rent for any service or item not then being supplied to 

  
 34 

 
Tenant relates to such part of the Premises for the period from the date of such damage to the date when such part of the Premises shall have been made tenantable or to such earlier date upon
which the full Term with respect to such part of the Premises shall expire or terminate. If Landlord or any holder of any superior mortgage (as herein defined) or any lessor under any superior lease (as herein defined) shall be unable to collect
insurance proceeds (including rent insurance) applicable to such damage solely because of the willful misconduct of Tenant subsequent to the Casualty, then Tenant shall be liable for any actual damages directly resulting from such willful misconduct
(and not any consequential or indirect damages); provided however, in no event, shall the sum of the damages resulting therefrom exceed the amount of uncollected insurance proceeds (and if Landlord or any such superior holder shall thereafter
collect any proceeds previously recouped from Tenant, then Landlord shall promptly reimburse Tenant the amount thereof or credit Tenant a like amount against the next installments of Fixed Rent and Article 26 additional rent then payable). Landlord
shall not be liable for any inconvenience or annoyance to Tenant or injury to the business of Tenant resulting in any way from such damage or the repair thereof, provided however, Landlord shall comply with Section 5.02(a) in performing such
repair work. Tenant acknowledges and agrees that Landlord shall not: (i) carry insurance of any kind on any Appurtenances, Tenant’s Property, or Tenant’s Changes; or (ii) be obligated to repair any damage thereto or replace any
of same, which obligation shall be the sole responsibility of Tenant. 
 Section 7.02 If (a) substantial alteration or
reconstruction of the Building shall, in the good faith reasonable opinion of Landlord’s architect, be required as a result of damage by Casualty (whether or not the Premises shall have been damaged by such Casualty), or (b) all or any
material portion of the Premises shall be damaged by Casualty during the last two (2) years of the Term, then Landlord shall have the right to terminate this Lease. If all or any material portion of the Premises shall be damaged by Casualty
during the last twenty-four (24) months of the Term, then Tenant shall have the right to terminate this Lease. If either party shall have the right to terminate this Lease pursuant to this Section 7.02, it shall give to the other party
within one hundred twenty (120) days after the date of such damage written notice specifying a date, not less than thirty (30) days after the giving of such notice, for such termination. In all cases set forth in this Article 7 in which
Landlord shall have the right to terminate this Lease, Landlord shall act in a manner that does not discriminate against Tenant, including, without limitation terminating the leases of all similarly situated tenants in the Building to the extent
Landlord is permitted to do so by the leases of such tenants. 

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

Section 7.05 This Lease shall be considered an express agreement governing any case of damage to or destruction of the Building or
any part thereof by Casualty, and Section 227 of the Real Property Law of the State of New York providing for such a contingency in the absence of express agreement, and any other law of like import now or hereafter in force, shall have no
application in such case. 
 Section 7.06 Notwithstanding anything contained herein to the contrary, in the event that
twenty-five percent (25%) or more of the Premises shall be substantially damaged by Casualty and restoration is not substantially completed by Landlord within twelve (12) months after the occurrence of said casualty, subject to reasonable
extensions not to exceed six (6) additional months for circumstances beyond Landlord’s reasonable control (the “Restoration Period”), then Tenant shall be entitled to terminate 

  
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 this Lease provided Landlord receives a written termination notice (which shall be deemed irrevocable) from
Tenant within thirty (30) business days after the expiration of the Restoration Period (TIME BEING OF THE ESSENCE). In the event that Landlord does not receive said notice within said thirty (30) business day period, then Tenant’s
right to terminate pursuant to this Section 7.06 shall be void and of no further force or effect. Notwithstanding anything contained herein to the contrary, in the event that Landlord’s architect or engineer reasonably and in good faith
estimates (a copy of which estimate will be given to Tenant within sixty (60) days following the casualty) that it will take longer than twelve (12) months (excluding circumstances beyond Landlord’s reasonable control) from the date
of the Casualty to substantially complete such restoration, then Tenant, shall be entitled to terminate this Lease by giving notice to Landlord of its election to do so within thirty (30) business days after receipt of such architect’s
estimate (TIME BEING OF THE ESSENCE as to the giving of such notice), which notice shall specify a date for the termination of this Lease, not more than ninety (90) days after the giving of such notice. The estimate of Landlord’s architect
or engineer shall be agreed to by Tenant’s architect or engineer and failing such agreement, the estimate of a third architect or engineer selected by Landlord’s architect or engineer and Tenant’s architect or engineer shall govern.
If Landlord’s architect or engineer and Tenant’s architect or engineer shall fail to select a third architect or engineer, the selection of the third architect or engineer shall be determined by submitting the question for decision to the
Chairman of the Board of Directors of the Management Division of the Real Estate Board of New York, Inc., or to such impartial person as he/she may designate, whose determination shall be final and conclusive upon the parties hereto. 

ARTICLE 8 

Condemnation 

Section 8.01 (a) In the event that the whole of the Premises shall be lawfully condemned or taken in any manner for any public or
quasi-public use by a competent condemning authority (any such lawful condemnation or taking, a “Taking”), this Lease and the term and estate hereby granted shall forthwith cease and terminate as of the date of vesting of title.

 (b) In the event of a Taking of more than twenty-five percent (25%) of the rentable area of the Premises, Tenant shall have the right
(but not the obligation) to terminate this Lease with not less than one hundred twenty (120) days following the 

  
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vesting of title of the portion of the Premises taken. If Tenant shall provide Landlord with such notice of termination, this Lease and the term and estate hereby granted shall expire as of the
date specified therefor in such notice (but not less than thirty (30) days after the giving of such notice). 
 (c) In the event of a
Taking of less than twenty-five percent (25%) of the rentable area of the Premises then, (i) this Lease shall not terminate, (ii) effective as of the date of vesting of title, the Fixed Rent and Article 26 additional rent hereunder shall
be abated in an amount thereof apportioned according to the area of the Premises so condemned or taken and (iii) Landlord will, with reasonable diligence and at its expense, restore the remainder of the Premises as closely as practicable to the
same condition as the Premises existed in prior to such Taking; provided, however, that Landlord shall not be obligated to repair any damage to Tenant’s Property or replace the same. 

(d) In the event of a Taking of the whole Building or such portions of the Building that are critical or necessary for the proper functioning,
use and occupancy of the Building, then Landlord (whether or not the Premises be affected) may, at Landlord’s option, terminate this Lease by notifying Tenant in writing of such termination within one hundred twenty (120) days following
the date on which Landlord shall have received notice of vesting of title; provided, however that Landlord shall also terminate the leases of all other similarly situated tenants in the Building to the extent Landlord is permitted to do so by the
leases of such tenants. 
 Section 8.02 In the event of a termination of this Lease pursuant to Section 8.01 of this
Article 8, this Lease and the term and estate hereby granted shall expire as of the date of such termination with the same effect as if that were the date hereinbefore set for the expiration of the full Term, and the Fixed Rent and Article 26
additional rent payable hereunder shall be apportioned as of such date. 
 Section 8.03 Except as otherwise set forth in
Section 8.04 below, in the event of any condemnation or taking hereinbefore mentioned of all or a part of the Building, Landlord shall be entitled to receive the entire award in the condemnation proceeding, including any award made for the
value of the estate vested by this Lease in Tenant, and Tenant hereby expressly assigns to Landlord any and all right, title and interest of Tenant now or hereafter arising in or to any such award or any part thereof, and Tenant shall be entitled to
receive no part of such award. The 

  
 38 

 
foregoing shall not prohibit Tenant’s independent claim for the value of Tenant’s trade fixtures and moving expenses and any other claim permitted under law so long as any award made to
Tenant based upon such claim does not reduce the award otherwise payable to Landlord. 
 Section 8.04 In the event of a
Temporary Taking (as hereinafter defined) of all or any portion of the Premises, this Lease shall not terminate and Tenant shall continue to perform or observe all of Tenant’s obligations hereunder as though such condemnation or taking had not
occurred, except to the extent that Tenant may be prevented from so doing because such Temporary Taking interferes with or prevents the lawful use and occupancy of the Premises or the portion thereof affected by the Temporary Taking. In the event of
such Temporary Taking, Tenant shall be entitled to receive the award with respect to the Premises or portion thereof covered by such condemnation or taking (whether paid as damages, rent or otherwise), unless the period of occupancy extends beyond
the termination of this Lease, in which case Landlord shall be entitled to such part of such award as shall be properly allocable to the cost of restoration of the Premises and the balance of said award shall be apportioned between Landlord and
Tenant as of the scheduled Expiration Date. For purposes of this Article 8 and notwithstanding anything contained in this Section 8.04 to the contrary, a “Temporary Taking” shall mean a Taking for a period of no
more than eighteen (18) months. Any Taking that is initially described as a Temporary Taking but which exceeds eighteen (18) months shall be deemed a permanent Taking governed by the terms and conditions of Sections 8.01-8.03, as applicable. 
 ARTICLE 9 

Compliance with Laws 

Section 9.01 Tenant, at Tenant’s expense, shall comply with all laws and ordinances, and all rules, orders and regulations of
applicable Requirements (as hereafter defined in Section 9.03) at any time duly issued or in force, applicable to the Premises or any part thereof or to the use or alteration thereof, except that Tenant shall not hereby be under any obligation
to comply with applicable Requirements unless such compliance is required by reason of a condition which has been created by, or at the instance of Tenant, or is attributable to the specific manner of use (as opposed to mere office use) to which
Tenant puts the Premises, or Tenant’s alteration thereof, or is required by reason of a breach of any of Tenant’s covenants and agreements hereunder. 

  
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 Section 9.02 Landlord, at its sole cost and expense (but subject to recoupment
as provided in Article 26 hereof), shall comply with all other Requirements applicable to the Premises and the Building other than those Requirements with which Tenant or other tenants or occupants of the Building shall be required to comply,
subject to Landlord’s right to contest the applicability or legality thereof. Landlord hereby represents that, to its knowledge, as of the date hereof the Building is in compliance with all Requirements as to which non-compliance would impair or prevent Tenant’s right to occupy and use the Premises for the uses expressly permitted hereunder. If any violation of any Requirement which Landlord is obligated to comply with
pursuant to the terms hereof shall materially delay or prevent the performance of Tenant Changes, including obtaining any permits in connection therewith, Tenant shall notify Landlord of same, which notice shall include a detailed description of the
delay or prevention caused by such non-compliance and a detailed description of the aspect of such Tenant Change subject to such delay or prevention. Landlord shall promptly commence and diligently prosecute
to completion the cure and removal of such violation. 
 Section 9.03 For purposes of this Lease, the term
“Requirements” shall mean all present and future laws, rules, orders, ordinances, regulations, statutes, requirements, codes and executive orders, extraordinary as well as ordinary, of all governmental authorities now
existing or hereafter created, and of any and all of their departments and bureaus, affecting the Land, Building and Premises or any portion thereof, as applicable, or any street, avenue or sidewalk comprising a part of or in front thereof or any
vault in order under the same, or requiring removal of any encroachment, or affecting the maintenance, use or occupation of the Land, Building and Premises or any portion thereof. 

ARTICLE 10 

Accidents to Plumbing and Other Systems 

Section 10.01 Tenant shall give to Landlord prompt written notice of any damage to, or defective condition in, any part or
appurtenance of the Building’s plumbing, electrical, heating, air conditioning (excluding any supplemental air conditioning units and equipment servicing the Premises which shall be Tenant’s responsibility to repair, maintain and replace)
or other systems serving, located in, or passing through the Premises (collectively, the “Systems”), provided however, failure by Tenant to give such notice shall not be deemed a default under this Lease.

  
 40 

 
Following such notice (or if Landlord otherwise has or receives knowledge thereof), any such damage to or defective condition of the Systems shall be remedied by Landlord with reasonable
diligence, but if such damage or defective condition was caused by, or resulted solely from the improper use by, Tenant or by the employees, agents, licensees or invitees of Tenant (the “Tenant Parties”), Landlord’s reasonable
charge for the remedy thereof shall be paid by Tenant. Tenant shall not be entitled to claim any eviction by reason of any such damage or defective condition or any damages arising from any such damage or defective condition unless the same shall
have been caused by the act, omission (where there is a duty to act imposed by this Lease or applicable law), negligence, misconduct or breach of this Lease by Landlord in the operation or maintenance of the Premises or Building and the same shall
not have been remedied by Landlord with reasonable diligence after written notice thereof from Tenant to Landlord. 

Section 10.02 Landlord shall, at its sole cost and expense (except as otherwise provided in Section 5.01(a) hereof), keep and
maintain in good repair and working order and make all repairs to and perform necessary maintenance upon the Building, the Systems and all parts thereof, including structural elements, life-safety, plumbing, electrical and HVAC systems within the
Building which generally service the Building and are required in the normal maintenance and operation of the Building and shall operate, maintain and repair the Building (excluding the Premises and other tenant space in the Building) so that the
same shall be kept and maintained in a condition consistent with comparable first-class office building located in midtown Manhattan similar to the Building (“Comparable Buildings”). 

ARTICLE 11 

Notices and Service of Process 

Section 11.01 (a) Except as otherwise set forth herein, any notice, consent, approval, demand or statement hereunder by either
party to the other party shall be in writing and shall be deemed to have been duly given only if sent by: (i) certified mail, return receipt requested; or (ii) by hand delivery or by nationally recognized overnight courier with next
business day delivery (requiring signed receipt), or (iii) by electronic mail as expressly provided herein (e.g. for access to the Premises or for overtime services), in either event addressed to such other party as follows: 

  
 41 

 If Landlord: 

Paramount Group, Inc. as Agent for PGREF I 1633 Broadway Tower, L.P., 1633 Broadway, Suite 1801, New York, NY 10019; Attn: Senior Vice
President – Counsel, Leasing & Property Management 
 With copes to: 

Paramount Group, Inc. as Agent for PGREF I 1633 Broadway Tower, L.P., 1633 Broadway, Suite 1801, New York, NY 10019; Attn: Senior Vice
President- Property Management 
 And: 

Paramount Group, Inc. as Agent for PGREF I 1633 Broadway Tower, L.P., 1633 Broadway, Building Office, New York, NY 10019 Attn: Property Manager

 If to Tenant: 
 Prior to
Tenant’s occupancy in the Premises: 
 WMG Acquisition Corp., 75 Rockefeller Plaza, New York, NY, 10019, Attn: Paul Robinson, General
Counsel 
 With copies to: 
 WMG
Acquisition Corp., 75 Rockefeller Plaza, New York, NY 10019 Attn: Brian Roberts, Chief Financial Officer 
 And to: 

Shearman & Sterling LLP 

599 Lexington Avenue 
 New York,
NY 10022 
 Attn: Chris M. Smith, Esq. 

After Tenant’s occupancy in the Premises: 

WMG Acquisition Corp., 1633 Broadway, New York, NY 10019 Attn: Paul Robinson, General Counsel 

With copies to: 
 WMG Acquisition
Corp., 1633 Broadway, New York, NY 10019 Attn: Brian Roberts, Chief Financial Officer 

  
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 And to: 

Shearman & Sterling LLP 

599 Lexington Avenue 
 New York,
NY 10022 
 Attn: Chris M. Smith, Esq. 

Either party may at any time change the address for such notices, consents, approvals, demands or statements by mailing, as aforesaid, to the
other party a notice stating the change and setting forth the changed address. If the term “Tenant”, as used in this Lease, refers to more than one person, any notice, consent, approval, demand or statement given as aforesaid to any one of
such persons shall be deemed to have been duly given to Tenant. Any notice, consent, approval, demand or statement given pursuant to the above shall be deemed received on the day of delivery (with signed receipt) or rejection, as the case may be.

 (b) Landlord and Tenant acknowledge and agree that with the exception of disputes arising under Sections 7.06, 24.03, 26.10, 32.01 and
34.04, all disputes arising, directly or indirectly, out of or relating to this Lease should be dealt with by application of the laws of the State of New York and adjudicated in the state courts of the State of New York sitting in New York County or
the Federal courts sitting in the State of New York in New York County; and hereby expressly and irrevocably submit to the jurisdiction of such courts in any suit, action or proceeding arising, directly or indirectly, out of or relating to this
Lease. So far as is permitted under the applicable law, this consent to personal jurisdiction shall be self-operative and no further instrument or action, other than service of process in one of the manners permitted by law, shall be necessary in
order to confer jurisdiction upon such party in any such court. Provided that service of process is effected upon Landlord or Tenant, as the case may be, in one of the manners permitted by law, such party irrevocably waives, to the fullest extent
permitted by law, and agrees not to assert, by way of motion, as a defense or otherwise: (i) any objection which it may have, or may hereafter have to the laying of the venue of any such suit, action or proceeding brought in such a court as is
mentioned in this Section 11.01(b); (ii) any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum; or (iii) any claim that it is not personally subject to the jurisdiction of the
above-named courts. 

  
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 (c) Notwithstanding anything contained in this Lease to the contrary, bills for additional
rent shall be deemed to have been duly given if sent to Tenant only (and no other party need receive it in order for the same to be deemed duly given) at the Premises (or Tenant’s address as hereinbefore set forth if mailed prior to
Tenant’s occupancy of the Premises) by first class mail (and which need not be registered, certified or return receipt requested) or by messenger or recognized overnight courier without, in any case, the requirement of a signed receipt. 

Section 11.02 Any notice provided by Landlord to Tenant prior to Landlord’s receipt of notice of an assignment of this Lease
shall be binding on such assignee regardless of whether such assignee received a copy of such notice. Any outcome of any action that Landlord may institute against Tenant prior to Landlord’s receipt of notice of an assignment of this Lease
shall be binding upon any such assignee regardless of whether such assignee was a party to such action. This Section 11.02 shall not be construed as negating the requirement of obtaining Landlord’s prior written consent under Article 25 in
those instances where the same is required. 
 ARTICLE 12 

Conditions of Limitation 

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

(a) in case Tenant shall make an assignment of its property for the benefit of creditors or shall file a voluntary petition under any
bankruptcy or insolvency law, or an involuntary petition under any bankruptcy or insolvency law shall be filed against Tenant and such involuntary petition is not dismissed within ninety (90) days after the filing thereof, 

(b) in case a petition is filed by or against Tenant under the reorganization provisions of the United States Bankruptcy Code or under the
provisions of any law of like import, unless such petition under said reorganization provisions be one filed against Tenant which is dismissed within one hundred eighty (180) days after its filing, 

(c) in case a receiver, trustee or liquidator shall be appointed for Tenant or of or for all or substantially all of the property of Tenant,
and such receiver, trustee or liquidator shall not have been discharged within sixty (60) days from the date of his appointment, 

  
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 (d) in case Tenant shall default in the payment of any Fixed Rent or any recurring (on a
monthly basis at the time of such default) additional rent payable hereunder by Tenant to Landlord on any date upon which the same becomes due, and such default shall continue for five (5) business days’ after Landlord shall have given to
Tenant a written notice specifying such default; or in case Tenant shall default in the payment of any non-recurring additional rent payable by Tenant to Landlord hereunder on any date upon which the same
becomes due, and such default shall continue for ten (10) business days’ after Landlord shall have given to Tenant a written notice specifying such default, 

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

(f) in case any event shall occur or any contingency shall arise whereby this Lease or the estate hereby granted or the unexpired balance of
the term hereof has, by operation of law or otherwise, devolved upon or passed to any firm, association, corporation, person or entity other than Tenant except as expressly permitted under Article 25 hereof, 

then, in any of said cases, Landlord may give to Tenant a notice of intention to end the Term at the expiration of three (3) days from the date of the
giving of such notice, and, in the event such notice is given, the expiration of said three (3) day period shall become the Expiration Date, but Tenant shall remain liable for damages as provided in this Lease or pursuant to applicable
Requirements. The specified conditions of limitation in this Article 12 are not intended to be exclusive of Landlord’s remedies at law or in equity and Landlord may invoke any additional remedies and/or rights which it may have at law or in
equity. 
 Section 12.02 Intentionally deleted. 

  
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 ARTICLE 13 

Re-entry by Landlord 

Section 13.01 If this Lease shall terminate as provided in Article 12 hereof provided, Landlord or Landlord’s agents may
immediately or at any time thereafter re-enter the Premises, or any part thereof, either by summary dispossess proceedings or by any suitable action or proceeding at law, or by force to the extent permitted by
applicable Requirements, without being liable to indictment, prosecution or damages therefor, and may repossess the same, and may remove any persons therefrom, to the end that Landlord may have, hold and enjoy the Premises again as and of its first
estate and interest therein. The words “re-enter”, “re-entry” and “re-entering” as used in this
Lease are not restricted to their technical legal meanings. 
 Section 13.02 In the event of any termination of this Lease under
the provisions of Article 12 hereof or in the event that Landlord shall re-enter the Premises under the provisions of this Article 13 or in the event of the termination of this Lease (or of re-entry) by or
under any summary dispossess or other proceeding or action or other measure undertaken by Landlord for the enforcement of its aforesaid right of re-entry or any provision of law (any such termination of this
Lease being herein called a “Default Termination”), Tenant shall thereupon pay to Landlord the Fixed Rent, additional rent and any other charge payable hereunder by Tenant to Landlord up to the time of such Default Termination or of
such recovery of possession of the Premises by Landlord, as the case may be, and shall also pay to Landlord damages as provided in Article 14 hereof or pursuant applicable Requirements. Also, in the event of a Default Termination Landlord shall be
entitled to retain all moneys, if any, paid by Tenant to Landlord, whether as advance rent, security or otherwise, but such moneys shall be credited by Landlord against any Fixed Rent, additional rent or any other charge due from Tenant at the time
of such Default Termination or, at Landlord’s option, against any damages payable by Tenant under Article 14 hereof or pursuant to applicable Requirements. 

  
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 Section 13.03 In the event of a breach or threatened breach on the part of
either Landlord or Tenant of its respective obligations hereunder, Landlord and Tenant shall each have the right to seek injunction against the breaching party. The specified remedies to which Landlord or Tenant may resort hereunder are cumulative
and are not intended to be exclusive of any other remedies or means of redress to which Landlord or Tenant, as the case may be, may lawfully be entitled at any time and Landlord or Tenant, as the case may be, may invoke any remedy allowed at law or
in equity as if specific remedies were not herein provided for. 
 ARTICLE 14 

Damages 

Section 14.01 In the event of a Default Termination of this Lease, Tenant will pay to Landlord as damages, at the election of the
Landlord, either: 
 (a) a sum which at the time of such Default Termination represents the then value of the excess, if any, of the Present
Value, as hereinafter defined, of (1) the aggregate of the Fixed Rent and the additional rent under Article 26 (if any) which would have been payable hereunder by Tenant for the period commencing with the day following the date of such Default
Termination and ending with the scheduled Expiration Date, over (2) the aggregate fair rental value of the Premises for the same period as determined by an independent real estate appraiser reasonably satisfactory to Tenant and Landlord and
employed at Tenant’s expense, in which case such liquidated damages shall be accelerated to be due and payable to Landlord in one lump sum on demand at any time commencing with the day following the date of such Default Termination and shall
bear interest at the Default Rate, as herein defined, until paid; or 
 (b) sums equal to the aggregate of the Fixed Rent and the additional
rent under Article 26 (if any) which would have been due and payable by Tenant during the remainder of the term had this Lease not terminated by such Default Termination, in which case such liquidated damages shall be computed and payable in monthly
installments, in advance, on the first day of each calendar month following Default Termination of this Lease and continuing until the scheduled Expiration Date but for such Default Termination; provided, however, that if Landlord shall relet all or
any part of the Premises for all or any part of said period, Landlord shall credit Tenant with the net rents received by Landlord from such reletting until the scheduled Expiration Date, such net rents to be determined by first deducting from the
gross rents as and when received by Landlord from such reletting the expenses incurred or 

  
 47 

 paid by Landlord in terminating this Lease and of re-entering the
Premises and, to the extent applicable, of securing possession thereof, as well as the reasonable expenses of reletting, including altering and preparing the Premises for new tenants, brokers’ commissions and all other expenses properly
chargeable against the Premises and the rental therefrom in connection with such reletting, it being understood that any such reletting may be for a period equal to or shorter or longer than said period; provided, further that: (i) in no event
shall Tenant be entitled to receive any excess of such net rents over the sums payable by Tenant to Landlord hereunder; (ii) in no event shall Tenant be entitled, in any suit for the collection of damages pursuant to this clause (b), to a
credit in respect of any net rents from a reletting except to the extent that such net rents are actually received by Landlord; and (iii) if the Premises or any part thereof should be relet in combination with other space, then appropriate
apportionment on a square foot rentable area basis shall be made of the rent received from such reletting and of the expenses of reletting. Landlord shall have no obligation whatsoever to mitigate its damages upon Tenant’s default under this
Lease and Landlord shall not be liable in any way whatsoever for the failure to relet all or any portion of the Premises. 
 For the
purposes of subdivision (a) of this Section 14.01, the amount of additional rent which would have been payable by Tenant under Article 26 hereof, for each Tax Year and/or Operating Year (as herein defined) ending after such Default
Termination, shall be deemed an amount equal to the amount of such additional rent payable by Tenant for the Tax Year and/or Operating Year (as the case may be) ending immediately preceding such Default Termination. Suit or suits for the recovery of
such damages, or any installments thereof, may be brought by Landlord from time to time at its election commencing at any time following a Default Termination, and nothing contained herein shall be deemed to require Landlord to postpone suit until
the scheduled Expiration Date. “Present Value” shall be computed by discounting such amount to present value at a discount rate equal to the rate on US Treasury Bills or Notes having a term equal to the period between the date of
Default Termination and the Expiration Date. “Default Rate” shall mean the lesser of: (i) the prime rate as published in The Wall Street Journal (or its successor) plus five percent (5%) per annum; or (ii) the highest rate of
interest permitted by New York State law. 

  
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 Section 14.02 Except as may be limited by the terms of this Lease, neither
Landlord nor Tenant shall be precluded from recovery against the other party for sums or damages to which such party may lawfully be entitled by reason of any uncured default hereunder on the part of the breaching party. Except in such instances
where a court of competent jurisdiction has determined that Landlord has acted in an arbitrary and capricious manner and in bad faith, Tenant shall make no claim for money damages wherever in this Lease it is provided that Landlord shall not
unreasonably withhold or delay any consent or approval, in the event that Landlord shall unreasonably withhold or delay such consent or approval, nor shall Tenant claim any such money damages by way of setoff, counterclaim or defense. 

Section 14.03 Notwithstanding any provision of this Lease to the contrary, in no event shall Landlord, any Underlying Indemnitee
or Tenant be liable for consequential, incidental or punitive damages in connection with any claimed or actual breach of this Lease. 

ARTICLE 15 

Waivers by Tenant 

Section 15.01 Tenant, for Tenant, and on behalf of any persons or entities claiming through or under Tenant, does hereby waive and
surrender all right and privilege which they or any of them might have under or by reason of any present or future law to redeem the Premises or to have a continuance of this Lease for the full term hereby demised after Tenant is dispossessed or
ejected therefrom by process of law or under the terms of this Lease or after the termination of this Lease as herein provided or pursuant to applicable Requirements. If Landlord commences any summary proceeding, Tenant agrees that Tenant will not
interpose any counterclaim of whatever nature or description in any such proceeding (except compulsory counterclaims). 
 ARTICLE 16

 Waiver of Trial by Jury 

Section 16.01 It is mutually agreed by and between Landlord and Tenant that, except in the case of any action, proceeding or
counterclaim brought by either of the parties against the other for personal injury or property damage, the respective parties hereto shall, and they hereby do, waive trial by jury in any action, proceeding or counterclaim brought by either of the
parties hereto against the other on any matters whatsoever arising out of or in any way connected with this Lease, the relationship of landlord and tenant, Tenant’s use or occupancy of the Premises, and any emergency or any other statutory
remedy. 

  
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 ARTICLE 17 

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

Section 17.01 There are six (6) passenger elevators that service floors 2 through 10 and six (6) passenger elevators
that service floors 11 through 18 that shall be subject to call during Business Hours, subject to interruptions for repairs or maintenance as permitted by this Lease, for temporary dedications for use by Landlord (no more than one (1) elevator
at a time for these temporary dedications) and for compliance with any applicable Requirements. Tenant hereby elects to require Landlord to make the 10th floor a cross-over floor by programming two (2) elevators (elevator cars designated
No. 7 and No. 12 as of the date hereof) (the “Cross-Over Cars”) to stop on the 10th floor that will access floors 2 through 10 and floors 11 through 18 (the “10th Floor Cross-Over Work”). The performance of the 10th Floor Cross-Over Work shall be performed within a timeframe mutually agreed to by
Landlord and Tenant provided that such work shall be performed before the Term Commencement Date and the actual, out-of-pocket cost of all such work shall be reimbursed
by Tenant to Landlord within thirty (30) days after Landlords’ written demand therefor, together with reasonable supporting documentation. Landlord agrees to perform the 10th Floor Cross-Over Work in a commercially reasonable diligent and
expeditious manner. Landlord will have at least two (2) passenger elevators serving the Premises subject to call during the other hours plus one (1) of the two Cross-Over Cars. Landlord shall use commercially reasonable efforts to enforce
the provisions of its elevator maintenance contract in effect as of the date of this Lease and any future elevator maintenance contracts. “Business Hours”, as used in this Lease, means the hours of 8:00 A.M. to 6:00 P.M. of days
other than Saturdays, Sundays and holidays observed by the State or Federal Government as legal holidays and such days as may now or hereafter be celebrated as holidays under the contract from time to time in effect between Locals 32B and 32J of the
Buildings’ Service Employees Union AFL-CIO (and successor thereto) and the Real Estate Advisory Board, Inc. (and any successor thereto). 

Section 17.02 Landlord will cause the Premises to be cleaned in accordance with the specifications attached hereto as Exhibit
G (provided Landlord shall not be required to clean portions of the Premises to the extent Tenant interferes with 

  
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Landlord’s ability to clean such portions in accordance with the customs of Comparable Buildings), except any private/executive bathrooms (but Landlord, at Landlord’s expense, shall
clean core ADA toilets) and/or any portions of the Premises which may be used for the preparation, dispensing or consumption of food or beverages (pantries shall be cleaned by Landlord in accordance with Exhibit G) or for storage,
shipping room, classroom or similar purposes (excluding conference rooms and mail room) or for the operation of a computer, data processing or similar operation, all of which portions Tenant shall cause to be kept clean at Tenant’s own expense.
If Tenant notifies Landlord of any deficiencies in the quality of the Exhibit G cleaning services provided by the cleaning contractor designated by Landlord from time to time as the Building’s cleaning contractor (the “Building
Cleaning Contractor”), Landlord shall use good faith efforts to address in a prompt manner such objections with the Building Cleaning Contractor, provided however, nothing contained herein shall be construed to require Landlord to remove or
replace the Building Cleaning Contractor. To the extent that Tenant shall have cleaning requirements beyond those set forth in Exhibit G (“Overstandard Cleaning Requirements”, subject to the provisions of this Section 17.02,
Tenant shall use the Building Cleaning Contractor or Tenant’s employees to perform such Overstandard Cleaning Requirement; provided, however that Tenant’s use of its employees shall not result in labor disharmony (Landlord agreeing to
cooperate, without cost to Landlord, with Tenant to try to mitigate same) or create any material risk of damage to the Building or Building Systems) and provided further that any Building Cleaning Contractor affiliated with Landlord shall perform
the cleaning requirements required to be performed by it in a first class manner and shall charge rates that are commercially competitive with third party contractors for such services. Except as otherwise specifically provided for in this Lease, to
the extent Landlord is not required to provide a particular Building service to Tenant, such as Overstandard Cleaning Requirements, Tenant may utilize its employees (provided Tenant’s use of its employees shall not result in labor disharmony
and Landlord agreeing to cooperate, without cost to Landlord, with Tenant to mitigate the same) or engage third parties to perform such services, subject in all instances to Landlord’s reasonable approval of Tenant’s engagement of such
third party service provider and to all applicable provisions of this Lease. 
 Section 17.03 Landlord shall, through the
heating, ventilation and air conditioning system (“HVAC”), furnish to, and distribute in, the Premises heating and/or air conditioning during Business Hours as is necessary to meet the specifications in 

  
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Exhibit H attached hereto; provided, however, that Landlord shall not be liable for uncomfortable conditions in the Premises if the cause of the uncomfortable conditions is
due to the fact that Tenant’s cooling/heating needs are over and above the capacity/specifications of the Building’s HVAC system set forth in Exhibit H. Tenant agrees to lower and close the blinds when necessary because of the
sun’s position whenever said HVAC system is in operation, and Tenant agrees at all times to cooperate fully with Landlord and to abide by all the requirements set forth in the Rules and Regulations for the proper functioning and protection of
said HVAC system. Landlord shall at all times have free and unrestricted access to any and all HVAC facilities in the Premises in accordance with the provisions of this Lease. 

Section 17.04 Landlord will, when and to the extent requested by Tenant, furnish freight elevator or additional elevator, HVAC, or
cleaning services (collectively “Additional Services”) upon such rates (the “Additional Service Rates”), terms and conditions as shall be determined by Landlord for the Building generally in its sole, but reasonable
discretion and promulgated to Tenant from time to time. The parties agree that Tenant may request Additional Services on the same day such services shall be required by notifying Landlord’s Building management office by electronic mail at or
before 2:00 pm during Business Hours (“Additional Services Notice”); provided, however that if Landlord is able to accommodate an untimely Additional Services Notice, Landlord will reasonably attempt, but shall not be obligated, to
do so. Tenant shall pay to Landlord as additional rent within thirty (30) days after receipt from Landlord of an invoice setting forth Landlord’s charges based on the Additional Service Rates for such Additional Services. If other 1633
Occupants in the Building within the same HVAC zone as Tenant are also receiving Additional Services of air conditioning or heating service at the same time as Tenant, Tenant shall only be charged its prorata share of the Additional Service rate for
HVAC, such prorata share computed based on the rentable area of the Premises and the rentable area of such other tenants’ space. By way of example of the foregoing, if Tenant’s Premises comprises 300,000 rentable square feet and the other
tenant simultaneously using Additional Services of air conditioning or heating service occupies premises comprises 50,000 rentable square feet, Tenant shall pay for 83% of the Additional Services charge for Additional Services HVAC. Additionally, if
other 1633 Occupants are using the freight elevator or the loading dock as an Additional Service at the same time as Tenant, Tenant shall only be charged for its prorata share of the applicable Additional Service charges. The Additional Service
Rates, including Overstandard Cleaning Requirements and the bulk rate for overtime HVAC are set 

  
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forth on Exhibit I attached hereto, which rates may be increased from time to time based upon increases in Landlord’s actual costs without markup or surcharge. Notwithstanding
anything in Exhibit I to the contrary, the rate for overtime HVAC for Tenant for the hours between 6:00 PM and 8:00 PM beyond Business Hours shall be $800.00 per hour, subject to increase as provided in the immediately preceding sentence.
Overstandard Cleaning Requirements shall include, without limitation, (a) any cleaning of the Building or any part thereof required because of the negligence of Tenant or the cleaning of any unusual stains from floors or walls caused by any
food or beverages, (b) any cleaning done at the request of Tenant of any portions of the Premises which may be used for private/executive bathrooms and/or the preparation, dispensing or consumption of food or beverages or for storage, shipping
room, classroom or similar purposes (excluding conference rooms) or for the operation of computer, data processing or similar equipment, and (c) the removal of any of Tenant’s refuse and rubbish from the Building, except refuse and rubbish
arising from using the Premises for the uses permitted hereunder and ordinary cleaning by Landlord as specified in Section 17.02 hereof. Tenant understands that all: (i) deliveries and removals of construction tools, materials, equipment
etc. in connection with Tenant’s Changes or surrender of the Premises; and/or (ii) deliveries and removals of furniture and personal property in connection with Tenant’s move-in to and vacating
of the Premises, shall be done during non-Business Hours. Subject to Building rules and regulations and mutually agreeable scheduling: (i) Tenant shall have use of the loading dock and freight elevator on
a non-exclusive basis during Business Hours and on a reserved exclusive basis after Business Hours; and (ii) Tenant shall be entitled to receive one hundred and seventy-five (175) hours of free
overtime freight elevator service during the performance of Tenant’s Work and its move into the Premises. Tenant shall have the exclusive right to use one (1) of the Building’s freight elevators only during the performance of
Tenant’s Work, subject to Building rules and regulations. Tenant agrees at all times to exclusively utilize the rubbish contractor which Landlord from time to time designates as the Building’s rubbish contractor, provided such
contractor’s cost are commercially competitive. 
 Section 17.05 Landlord reserves the right, without liability to Tenant
and without constituting any claim of constructive eviction, to stop or interrupt any HVAC, elevator, escalator, lighting, gas, steam, plumbing, power, electricity, water, condenser water, cleaning or other service and to stop or interrupt the use
of any Building facilities at such times as may be necessary and for as long as may reasonably be required by reason of accidents, strikes, or the making of repairs, 

  
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maintenance or replacements, or inability to secure a proper supply of fuel, gas, steam, water, electricity, labor or supplies, or by reason of causes beyond the reasonable control of Landlord.
No such stoppage or interruption shall entitle Tenant to any diminution or abatement of rent or other compensation nor shall this Lease or any of the obligations of Tenant be affected or reduced by reason of any such stoppage or interruption;
provided, however if all or more than forty percent (40%) of any floor of the Premises (and Tenant does not occupy such affected portion for the normal conduct of business) shall be rendered untenantable or inaccessible for a period in excess
of twenty (20) consecutive days by reason of any circumstance beyond Landlord’s reasonable control, then Tenant shall, as its sole and exclusive remedy, be entitled to an abatement of the Fixed Rent and Article 26 additional rent payable
hereunder (on a prorata square foot basis) commencing on the twenty-first (21st) day and continuing until the day upon which the affected portion of the Premises becomes tenantable/accessible. Tenant shall not be entitled to the abatement provided
in this Section 17.05 at any time (and for the length of time) that Tenant is in monetary default beyond any applicable notice and cure period of any of the terms or conditions of this Lease and/or if Tenant’s breach of this Lease,
negligence or willful misconduct caused the circumstances which gave rise to the inaccessibility or untenantability. Landlord agrees to make reasonable efforts to limit the duration of any such stoppage or interruption but shall not be required to
perform the same on an overtime or premium pay basis beyond what would be customary for Comparable Buildings, unless Tenant agrees in writing to reimburse Landlord for the cost of such overtime or premium pay basis or unless such stoppage or
interruption materially interferes with the use of the Premises for the conduct of its business. Landlord shall provide Tenant with at least ten (10) days prior written notice of any known or anticipated stoppage or interruption of service and
in the event that Tenant shall reasonably determine that such proposed stoppage of service shall materially interfere with the conduct of its business, then Tenant shall so inform Landlord within five (5) days after the giving of
Landlord’s notice and Landlord shall use commercially reasonable efforts to reschedule the anticipated stoppage or interruption of service for a time reasonably satisfactory to Tenant. 

Section 17.06 Tenant acknowledges that the operation of elevators and HVAC equipment will cause some vibration, noise, heat or
cold which may be transmitted to other parts of the Building and Premises. Landlord shall be under no obligation to endeavor to reduce such vibration, noise, heat or cold beyond what is customary 

  
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 in current good building practice for buildings of the same first-class nature as the Building in the
midtown area of the Borough of Manhattan. No Landlord installed equipment shall cause generation of noise levels within the Premises (but not the 7th Floor Terrace) in excess of a NC-40 Noise Standard within fifteen (15) feet of a mechanical room (which includes the entire 11th floor) or mechanical equipment (including the mechanical
equipment on the 7th Floor Terrace). 
 Section 17.07 Use of the term
“Building Standard” or similar terminology in this Lease or in the exhibits attached hereto, shall mean Landlord’s standard criteria, requirements or specifications (qualitatively based or quantitatively based) used in
connection with maintenance, work or improvements in the Building, which standards shall be consistent with the Comparable Building standard set forth in Section 10.02 hereof, or with reference to a charge, such charges as are contained in
Exhibit I. 
 Section 17.08 Subject to the other terms and conditions of this Lease and such reasonable security regulations as
Landlord may promulgate from time to time, Landlord agrees that Tenant shall have twenty-four (24) hours per day, three hundred and sixty-five (365) days per annum access to the Premises. 

Section 17.09 Landlord shall provide (subject to interruptions pursuant to Section 17.05 hereof) on a twenty-four
(24) hours per day, seven (7) days per week basis up to a maximum of 200 tons per annum of condenser water, the actual number of tons shall be requested by Tenant within six (6) months after the date of this Lease. Notwithstanding
anything to the contrary contained herein, Tenant shall have the option (which option may be exercised in part from time to time) of: (A) reducing the tonnage of condenser water furnished to the Premises upon reasonable written notice to
Landlord, which notice shall specify the amount of condenser water that Tenant desires to return to Landlord and any work required in connection therewith shall be at Tenant’s sole expense; (B) requiring Landlord to furnish additional
condenser water (the “Additional Tonnage”) to the Premises upon reasonable written notice to Landlord, which notice shall set forth the specific Additional Tonnage desired by Tenant, provided however: (i) Tenant demonstrates
the need for the Additional Tonnage to Landlord’s reasonable satisfaction; (ii) Tenant shall, at its sole expense, be responsible for all costs associated with such Additional Tonnage (and any costs payable to Landlord in connection
therewith must be reasonable and actual out-of-pocket costs); and (iii) the Building shall have additional condenser water available as determined by Landlord in
its sole, but reasonable discretion. 

  
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 Tenant shall pay to Landlord together with payments of Fixed Rent and in equal monthly installments, as
additional rent, the sum of Five Hundred and 00/100 Dollars ($500.00) per ton per annum for such condenser water as and commencing when requested initially and as thereafter may be furnished to Tenant in accordance with the above provisions
(irrespective of actual usage). Tenant shall not be obligated to pay Landlord’s tap-in charge for any condenser water which Tenant reserves. Tenant, as part of Tenant’s Changes, shall, at its sole
expense, make all installations (including, without limitation, a pumping station) and connections required to obtain such condenser water. 

ARTICLE 18 

Lease Contains All Agreements—No Waivers 

Section 18.01 This Lease contains all the covenants, agreements, terms, provisions and conditions relating to the leasing of the
Premises hereunder, and Tenant acknowledges that neither Landlord nor Landlord’s agents have made, and Tenant in executing and delivering this Lease is not relying upon, any warranties, representations, promises or statements, except to the
extent that the same may expressly be set forth in this Lease. 
 Section 18.02 The failure of either party to insist in any
instance upon the strict performance of any provision of this Lease or to exercise any election herein contained shall not be construed as a waiver or relinquishment for the future of such provision or election, but the same shall continue and
remain in full force and effect, provided however, the foregoing shall not be construed as extending the time in which either party is obligated to exercise any rights under this Lease, which by the terms hereof must be exercised within a specified
period. No waiver or modification by either party of any provision of this Lease or other right or benefit shall be deemed to have been made unless expressed in writing and signed by the party against whom enforcement is sought. No surrender of the
Premises or of any part thereof or of any remainder of the Term shall be valid unless accepted by Landlord in writing. Any breach by Tenant of any provision of this Lease shall not be deemed waived by (a) the receipt and retention by Landlord
of Fixed Rent or additional rent from anyone other than Tenant or (b) the acceptance of such other person as a tenant or (c) a release of Tenant from the further performance by Tenant of the provisions of this Lease or (d) the receipt
and retention by Landlord of Fixed Rent or additional rent with knowledge of the breach of any provision of this Lease. No 

  
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 payment by Tenant or receipt or retention by Landlord of a lesser amount than any Fixed Rent or additional
rent herein stipulated shall be deemed to be other than on account of the earliest stipulated rent, nor shall any endorsement or statement of any check or any letter accompanying any check or payment as such rent be deemed an accord and
satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rent or pursue any other remedy in this Lease provided. No executory agreement hereafter made between Landlord and
Tenant shall be effective to change, modify, waive, release, discharge, terminate or effect an abandonment of this Lease, in whole or in part, unless such executory agreement is in writing, refers expressly to this Lease and is signed by the party
against whom enforcement of the change, modification, waiver, release, discharge or termination or effectuation of the abandonment is sought. 

ARTICLE 19 

Parties Bound 

Section 19.01 The covenants, agreements, terms, provisions and conditions of this Lease shall bind and benefit the respective
successors, assigns and legal representative of the parties hereto with the same effect as if mentioned in each instance where a party hereto is named or referred to, except that no violation of the provisions of Article 25 hereof shall operate to
vest any rights in any successor, assignee or legal representative of Tenant and that the provisions of this Article 19 shall not be construed as modifying the conditions of limitation contained in Article 12 hereof. It is understood and agreed,
however, that the covenants and obligations on the part of Landlord under this Lease shall not be binding upon Landlord herein named with respect to obligations arising during any period subsequent to the transfer of its interest in the Building,
that in the event of such a transfer said covenants and obligations shall thereafter be binding upon each transferee of such interest of Landlord herein named, but only with respect to the period ending with a subsequent transfer of such interest,
and that a lease of the entire interest of the Building (and the Land if there is a merger of the ownership interests of the Land and Building, i.e., the Ground Lessor and Ground Lessee positions) shall be deemed a transfer within the meaning of
this Article 19. 

  
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 ARTICLE 20 

Curing Tenant’s Defaults—Additional Rent 

Section 20.01 If Tenant shall default in the keeping, observance or performance of any provision or obligation of this Lease
beyond the expiration of any applicable notice and cure period (an “Event of Default”), Landlord, without thereby waiving such Event of Default, may perform the same for the account (and Tenant shall pay Landlord’s reasonable
charge therefor) of Tenant, without notice in a case of emergency (other than such notice, if any, as shall be practical under the circumstances). Bills for any reasonable expense incurred or charged by Landlord in connection with any such
performance by Landlord for the account of Tenant and as result of Tenant’s Event of Default, and bills for all reasonable costs, charges, expenses and disbursements of every kind and nature whatsoever, including, but not limited to, reasonable
counsel fees and disbursements, involved in collecting or endeavoring to collect the Fixed Rent or additional rent or other charge or any part thereof or enforcing or endeavoring to enforce any rights against Tenant, under or in connection with this
Lease, or pursuant to law, it being agreed Landlord may recover its counsel fees only in connection with the instituting and prosecuting of any action or proceeding (including any summary dispossess proceeding if Landlord prevails in the outcome of
such action or proceeding), as well as bills for any property, material, labor or services provided, furnished or rendered, or caused to be provided, furnished, or rendered, by Landlord to Tenant including (without being limited to) electric lamps
and other equipment, construction work done for the account of Tenant, water, towel and other services, as well as for any charges for any additional elevator, heating, air conditioning or cleaning services incurred under Article 17 hereof and any
charges for other similar or dissimilar services incurred under this Lease, may be sent by Landlord to Tenant monthly, or immediately, at Landlord’s option, and shall be due and payable within thirty (30) days after demand as additional
rent under this Lease, together with reasonable back-up documentation. If any Fixed Rent, additional rent or any other costs, charges, expenses or disbursements payable under this Lease by Tenant to Landlord
are not paid within five (5) days after the same is due, the same shall bear interest at the Default Rate from the due date thereof until paid and the amount of such interest shall be additional rent. 

Section 20.02 In the event that Tenant is in arrears in payment of Fixed Rent or additional rent or any other charge after
provision of notice thereof and the expiration of any applicable cure or grace period, Tenant waives Tenant’s right, if any, to designate the items against which any payments made by Tenant are 

  
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 to be credited, and Tenant agrees that Landlord may apply any payments made by Tenant to any items Landlord
sees fit, irrespective of and notwithstanding any designation or request by Tenant as to the items against which any such payments shall be credited. Landlord reserves the right, without liability to Tenant without constituting any claim of
constructive eviction, to suspend furnishing or rendering to Tenant any overtime/overstandard property, material, labor or other service, wherever Landlord is obligated to furnish or render the same at the expense of Tenant, in the event that (but
only so long as) Tenant is in arrears beyond the expiration of any applicable notice and cure period in paying Fixed Rent or additional rent (previously billed to Tenant) due under this Lease. In addition, Landlord may (without releasing Tenant from
any liability under this Lease) suspend furnishing to Tenant freight elevator service at the time Tenant desires or is obligated to vacate or remove any property from the Premises in the event that Tenant is in arrears in paying any Fixed Rent or
additional rent (previously billed to Tenant) beyond the expiration of any applicable notice and cure period, due under this Lease unless Tenant pre-pays Landlord for such freight elevator service. 

Section 20.03 Subject to the rights (including notice rights) of any mortgagee and/or ground lessor and to Section 21.01
hereof, if: (i) Landlord shall default in the performance of its obligations under Section 17.01 to clean the Premises; or (ii) Landlord shall default in the performance of its obligations under Section 10.01 and 10.02 with
respect to parts of the Building and/or Building systems located wholly within and adversely affecting the Premises, and, in either such case, Landlord fails to respond seven (7) business days after Landlord receives notice thereof from Tenant,
then Tenant may send a second notice to Landlord (in strict accordance with Section 11.01(a) hereof) stating in bold that Landlord’s failure to cure or commence the cure of such default (and diligently prosecute the cure of same) within
seven (7) business days after Landlord’s receipt of the second notice from Tenant (and in the case of emergencies only, such second notice to Landlord may be sent by email to: Ralph DiRuggiero (rdiruggiero@paramount-group.com), Jeff
Caimi (jcaimi@paramount-group.com) and Bernard Marasco (bmarasco@paramount-group.com) and such ten (10) business day period after Landlord’s second notice shall be reduced to two (2) business days), Tenant may, subject
to provisions below and only until and for so long as Landlord shall fail to cure or commence the cure as specified in Tenant’s notice, perform the same for the account of Landlord and Landlord shall pay Tenant’s reasonable actual out-of-pocket costs without profit or mark-up therefor. Tenant may not exercise its right under this Section 20.03 if Landlord has
notified Tenant of Landlord’s good faith and reasonable dispute with any matter pertaining to the default in question. 

  
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 ARTICLE 21 

Inability to Perform 

Section 21.01 Subject to Section 17.05 hereof and except as otherwise expressly provided for in this Lease, this Lease and
the obligations of Tenant to pay rent hereunder and perform all the other covenants, agreements, terms, provisions and conditions hereunder on the part of Tenant to be performed shall in no way be affected, impaired or excused because Landlord is
unable to fulfill any of its obligations under this Lease or is unable to supply or is delayed in supplying any service expressly or implicitly to be supplied or is unable to make or is delayed in making any repairs, replacements, additions,
alterations or decorations or is unable to supply or is delayed in supplying any equipment or fixtures if Landlord is prevented or delayed from so doing by reason of accidents, emergencies, acts of God, acts of war, acts of third parties (not
controlled by Landlord or who are not acting on behalf of Landlord), strikes or labor troubles or other cause beyond Landlord’s reasonable control, including, but not limited to, governmental preemption in connection with a national emergency
or by reason of the conditions of supply and demand which have been or are affected by war, hostilities or other emergency. Except as otherwise expressly provided for in this Lease, if this Lease specifies a time period for the performance of an
obligation by Landlord, that time period shall be extended by the period of delay caused by any of the aforementioned causes beyond Landlord’s reasonable control. Neither Landlord’s financial condition nor the unavailability to Landlord of
sufficient funds shall be deemed to be a cause beyond Landlord’s reasonable control. 
 ARTICLE 22 

Adjacent Excavation—Shoring 

Section 22.01 If an excavation shall be made upon land adjacent to or under the Building, or shall be authorized to be made,
Tenant shall afford to the person causing or authorized to cause such excavation, license to enter upon the Premises for the purpose of doing such work as said person shall deem reasonably necessary or desirable to preserve the Building from injury
or damage and to support the same by proper foundations without any claim for damages or indemnity against Landlord, or diminution or abatement of rent. 

  
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 ARTICLE 23 

Article Headings 

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

 ARTICLE 24 

Electricity and Water 

Section 24.01 For the purposes of this Article, the term “Electric Rate” shall mean one hundred percent (100%) of
Landlord’s average cost per kilowatt hours for electricity for the Building (“Landlord’s Actual Cost”). The Landlord’s Actual Cost shall be computed by taking the Landlord’s total electrical bill including both
consumption and demand charges, fuel adjustment charges (as determined for each month of the relevant period and not averaged), rate adjustment charges, sales tax, and/or any other factors or charges, actually used by the utility servicing the
Building in computing the charges for Tenant’s usage (and inclusive of all discounts provided to the Building), divided by the total number of kilowatt hours and with no profit or mark up to Landlord. Tenant shall pay an amount equal to the
product of (i) total number of kilowatt hours consumed by Tenant, multiplied by (ii) Landlord’s Actual Cost. Subject to the provisions of this Article 24, Landlord shall furnish electric energy to the Premises on a submetering basis
for the purposes permitted under this Lease and Tenant shall purchase the same from Landlord at the Electric Rate as applied to the electric energy consumed in the Premises, which electric energy shall be measured by a meter or meters (which meters
and all supplemental equipment and all other necessary work necessary for the installation of the submeters shall, at Landlord’s cost, be installed prior to the Term Commencement Date to the extent not already so installed and shall measure
only Tenant’s electrical consumption) maintained by Landlord at Tenant’s expense. Tenant shall have the right, from time to time, at Tenant’s sole expense, to check the accuracy of the aforesaid meter or meters by the use of check
meters. 

  
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 Section 24.02 Landlord hereby represents and covenants that six (6) watts
per usable square feet of electrical demand load exclusive of base Building HVAC (the “Standard Electrical Load”) is and shall be available to the Premises subject to the Section 17.05 and Section 24.06 hereof. Tenant
covenants and agrees that at no time will the demand electrical load in the Premises exceed the Standard Electrical Load. Landlord shall deliver the Standard Electrical Load to the Premises through the existing electric risers in the Building and
Tenant shall have the right to distribute the Standard Electrical Load across the Premises as it so elects in its sole discretion provided that such power shall be limited to Tenant’s power requirements in the Premises. Tenant shall furnish,
install and replace, as required, all lighting tubes, lamps, bulbs and ballasts and all such equipment so installed shall be customary in first class office buildings and shall be dignified and of a first class nature and shall become
Landlord’s property upon the expiration or earlier termination of this Lease. Tenant shall have the right to use existing electrical transformer capacity within the Premises, Landlord represents and covenants that such electrical transformer
capacity is and shall be readily available to Tenant and in usable condition. 
 Section 24.03 Tenant’s use of electric
energy in the Premises and/or the Building’s telephone network shall not at any time exceed the capacity of any of the equipment in or otherwise serving the Premises exclusive of base Building HVAC. The foregoing sentence notwithstanding,
Tenant shall have the right to obtain electrical capacity in excess of the Standard Electrical Load (the “Additional Electrical Load”)provided that: (i) Tenant demonstrates the need for the Additional Electrical Load to
Landlord’s reasonable satisfaction; (ii) Tenant shall be solely responsible for all actual, out-of-pocket costs incurred by Landlord to provide the Additional
Electrical Load to the Premises, provided there shall be no tap-in fee payable by Tenant for accessing such Additional Electrical Load; and (iii) the Building shall have such additional power available as
determined by Landlord in its sole but reasonable discretion. The Building does not have an emergency generator available for use by the Premises; however, upon providing Landlord with prior written notice and subject to availability of space as
determined by Landlord in its sole but reasonable discretion for the installation of an emergency generator, Tenant shall have the right to install, as a Tenant’s Change subject to Landlord’s reasonable approval of plans and specifications
therefor, one (1) emergency generator in size and in the location reasonably approved by Landlord for its exclusive use (a “Tenant Generator”). If Tenant elects to install a Tenant Generator, then within sixty (60) days
from the date on which Tenant notified Landlord of its desire to install a Tenant Generator, Landlord shall provide appropriate space for the Tenant Generator in a location reasonably approved by Tenant (the “Tenant 

  
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 Generator Location”). If (a) Tenant fails to commence and diligently pursue the
installation of the Tenant Emergency Generator within six (6) months from the date on which the parties have agreed on a Tenant Generator Location and (b) another tenant in the Building shall with an existing right to install its
own generator has notified Landlord in accordance with its lease of its desire to do so and the Tenant Generator Location is the only suitable location available to such other tenant, then Landlord shall provide Tenant with not less than thirty
(30) days prior notice of the same. If Tenant shall either (x) notify Landlord that it no longer desires to use the Tenant Generator Location or (y) shall not commence and diligently pursue the installation of its Tenant Generator
within thirty (30) days from the date of Landlord’s notice, Tenant’s right to the specific Tenant Generator Location shall lapse unless and until such Tenant Generator Location becomes available. Landlord shall permit Tenant
reasonable access to the Tenant Generator Location and all necessary mechanical rooms and Building Systems for construction, installation, maintenance, repair, operation and use of the same. In the event that Tenant elects to install the Tenant
Generator, such Tenant Generator shall utilize fuel from a supply and location approved by Landlord in its sole but reasonable discretion. All costs of whatsoever nature associated with the Tenant Generator, the Tenant Generator Location and the
fuel supply and location shall be at Tenant’s sole cost and expense. In addition, Tenant shall pay Landlord a fair market rental for the Tenant Generator Location and fuel tank if located in areas other than the roof of, or in a mechanical room
within, the Building, and if the parties are unable to reach agreement as to such fair market rental, same will be determined generally utilizing the procedure set forth in Section 32.01(c) of this Lease. 

Section 24.04 Tenant may elect to have Landlord discontinue furnishing electric energy to Tenant in the Premises at any time upon
not less than 180 days’ notice to Landlord. If Tenant exercises such right, this Lease shall continue in full force and effect and shall be unaffected thereby, except that from and after the effective date of such discontinuance Landlord shall
not be obligated to furnish electric energy to Tenant and Tenant shall not be obligated to pay Landlord for any electric energy furnished to the Premises. If Tenant elects to have Landlord discontinue furnishing electric energy to Tenant, Tenant
shall arrange to obtain electric energy directly from the public utility company or alternate utility provider (if any as selected by Landlord) furnishing electric energy to the Building. Such electric energy may be furnished to Tenant by means of
the then existing building system feeders, risers and wiring. All meters and additional panel 

  
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 boards, feeders, risers, wiring and other conductors and equipment which may be required to obtain electric
energy directly from such public utility company shall be furnished and installed by Tenant at Tenant’s cost and Landlord shall cooperate (at no cost to Landlord) with Tenant with respect to such installation as well as provide all necessary
space for such equipment, but only to the extent reasonably required for such equipment and for wiring and only to the extent such space is deemed reasonably available by Landlord. 

Section 24.05 Landlord shall provide sufficient water to the Premises for (i) normal office use, including cleaning the
Premises; (ii) Landlord’s air conditioning equipment during Business Hours; and (iii) drinking, pantry, lavatory or toilet facilities in the core area of the Premises. Tenant shall pay for same as part of Operating Expenses. In no
event shall Landlord be obligated to provide hot water to the Premises, only warm water to the core bathrooms. 
 Section 24.06
Subject to Section 17.05 and except as otherwise specifically provided herein to the contrary, Landlord shall in no way be liable or responsible to Tenant for any loss or damage or expense which Tenant may sustain or incur by reason of any
failure, inadequacy or defect in the character, quantity or supply of electricity, water or telephone network access and/or service furnished to the Premises, except to the extent caused by the negligence, wrongful acts or omissions (where this
Lease or Requirements impose a duty to act) of Landlord or willful misconduct of any Landlord Parties. 
 Section 24.07 Except
as otherwise set forth herein, effective as of the Term Commencement Date, Tenant shall pay to Landlord, as additional rent, the amounts from time to time billed by Landlord pursuant to the provisions of this Article 24, each such bill to be
accompanied by reasonable supporting documentation and to be paid within thirty (30) days after the same has been rendered. If any tax is imposed upon Landlord’s receipts from the sale or resale of electric energy to Tenant under federal,
state, municipal or other law, such tax may, to the extent permitted by law, be passed on by Landlord to Tenant and be included as additional rent, in the bills payable by Tenant hereunder. 

Section 24.08 Notwithstanding anything contained in this Article 24 to the contrary, if the law or utility servicing the Building
requires Tenant to convert the method by which it receives electricity, then the equitable cost allocable to the Premises to so convert shall be split equally between Landlord and Tenant, provided however, Landlord shall have no right to require
such conversion if it is not required by the law or the utility servicing the Building. 

  
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 Section 24.09 Tenant acknowledges that Landlord may now, or in the future, have
the right to select the entity or entities which will provide electrical power to the Building (including, the Premises). Landlord shall have the right, in its sole discretion, to select any entity or entities which it desires to have as the
electrical service provider to the Building (including, the Premises) and Tenant shall not have the right to select the same or participate in the selection of the same except and unless applicable law requires that Tenant have any such right(s)
(and then only to the extent applicable law requires) provided that any service provider that is affiliated with Landlord shall charge rates that are competitive with third party service providers of similar service. Notwithstanding the foregoing,
Tenant shall have the right, subject to Landlord’s reasonable approval, to select the telecommunications service providers that it uses in the Premises except to the extent that such right shall violate any existing exclusive use agreements
that Landlord may have with other telecommunications service providers. To the extent Landlord approves a telecommunications service provider for Tenant that does not service the Building as of the date of this Lease, Tenant’s right to use such
provider is conditioned upon such provider entering into such agreement and upon such commercially reasonable terms as Landlord shall require, customary with industry practices. All costs associated with the telecommunication services provided to
Tenant shall be at Tenant’s sole expense. 
 ARTICLE 25 

Assignment, Mortgaging, Subletting, Etc. 

Section 25.01 Tenant shall not, whether directly, indirectly, voluntarily, involuntarily, or by operation of law or otherwise
(a) assign or otherwise transfer this Lease or the term and estate hereby granted or any interest herein or offer or advertise to do so, (b) sublet the Premises or any part thereof, or offer or advertise to do so, or allow the same to be
used, occupied or utilized by anyone other than Tenant, or (c) mortgage, pledge, encumber, grant a security interest in or otherwise hypothecate this Lease or the Premises or any interest therein or any part thereof in any manner whatsoever,
without in each instance obtaining the prior written consent of Landlord. Landlord shall not unreasonably withhold, condition or delay its consent to any 

  
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 advertisement to sublet all or any portion of the Premises or assign this Lease if such advertisement does
not contain the financial terms of such assignment, but in all events, Tenant shall have the right to list the assignment or subletting with a broker. 

Section 25.02 (a) If Tenant is a corporation, partnership or other entity, the provisions of subdivision (a) of
Section 25.01 shall apply to: (i) a transfer of a majority percentage interest of the stock or beneficial ownership interest, as the case may be, of Tenant (however accomplished, whether in a single transaction or in a series of related or
unrelated transactions); (ii) a transfer by operation of law or otherwise, of Tenant’s interest in this Lease; and/or (iii) any increase in the amount of issued and/or outstanding shares of capital stock of any corporate Tenant (or
partnership interests of any partnership Tenant or membership interests of any limited liability company) and/or the creation of one or more additional classes of capital stock of any corporate Tenant (or partnership interests of any partnership
Tenant or membership interest of any limited liability company) (however accomplished, whether in a single transaction or in a series of related or unrelated transactions), with the result that the Tenant shall no longer be controlled by the
beneficial and record owners of the capital stock of such corporate Tenant (or partnership interests in the case of a partnership or membership interests in the case of a limited liability company) as of the date immediately prior to such event.
Notwithstanding anything contained herein to the contrary, the (A) reorganization of Tenant from one form of entity to another, (B) change in situs or place of organization, (C) merger or consolidation of Tenant with and/or into
another entity, (D) the sale, transfer and/or assignment of all or substantially all of Tenant’s assets, stock or other equity interests to another entity or (E) the transactions described in Section 25.02(a)(i)-(iii) above (the
entity resulting from the transactions described in clauses (A)-(E) above, a, “Successor Entity”) shall not constitute an assignment of this Lease or be subject to the restrictions in Section 25.01, provided that: (1) the
principal purpose of any of the foregoing transactions is not to circumvent the restrictions on assignment set forth in this Article 25; and (2) the Successor Entity has a net worth computed in accordance with generally accepted accounting
principles (or if Tenant and/or Successor Entity do not ordinarily prepare their respective financial statements in accordance with generally accepted accounting principles, then on the basis of another recognized basis of accounting consistently
applied and regularly used by such party which shall include, without limitation, the income tax basis) equal to or greater than Tenant’s net worth 

  
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immediately prior to such transaction; and (3) Successor Entity has executed an Assumption Agreement (as hereinafter defined in Section 25.04 below); pursuant to Section 25.04
hereof; and (4) Tenant provides Landlord with reasonably satisfactory evidence of the same at least ten (10) days prior to such transaction (and if prior disclosure is not legally permissible (whether by confidentiality agreement or
otherwise) or practical to do so, then promptly following the time when disclosure is legally permissible or practical to do so). Notwithstanding the above, Section 25.01 shall not apply to: (y) transfers of stock in a corporation or other
type of entity whose shares or units are traded in the “over-the-counter” market or any recognized securities exchange; or (z) any sale or issuance of
Tenant’s stock or units of interest in connection with a public offering. 
 (b) Notwithstanding anything contained in this Article 25
to the contrary, Tenant may assign this Lease and/or sublease the Premises or any portion thereof to any entity which controls Tenant, Tenant controls and/or is under common control with Tenant (each such entity, an “Affiliate”),
without having to obtain Landlord’s prior written consent, which assignment or sublease shall not be subject to Section 25.06 or 25.13 below, provided that: (a) Tenant is not in monetary or material
non-monetary default of any of the terms or conditions of this Lease beyond the expiration of any applicable notice and cure period at the time of the making of such assignment or sublease or the time such
assignment or sublease is to take effect or commence, as the case may be, (b) Tenant provides Landlord with at least five (5) business days’ prior written notice thereof along with a fully executed copy of the assignment or sublease,
(c) Tenant provides Landlord, from time to time (initially as well as any time thereafter but in no event more than once per annum), within five (5) business days’ after Landlord requests the same in writing, such evidence and/or
affidavits as Landlord may reasonably require in order to confirm the satisfaction of the above-described control test, (d) intentionally deleted and (e) said assignee or subtenant continues at all times thereafter to satisfy the
above-described control test. 
 Section 25.03 If this Lease shall be assigned, whether or not in violation of the provisions of
this Lease, Landlord may, after default by Tenant, and notice and the expiration of Tenant’s time to cure such default, collect rent from the assignee. If the Premises or any part thereof are sublet or used or occupied by anybody other than
Tenant, whether or not in violation of this Lease, Landlord may, after default by Tenant, and notice and the 

  
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expiration of Tenant’s time to cure such default, collect rent from the subtenant or occupant. In either event, Landlord shall apply the net amount collected to the Fixed Rent and additional
rent herein reserved, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of any of the provisions of Section 25.01, or the acceptance of the assignee, subtenant or occupant as tenant, or as a release of Tenant
from the performance by Tenant of Tenant’s obligations under this Lease. The consent by Landlord to assignment, mortgaging, subletting or use or occupancy by others shall not in any way be considered to relieve Tenant from obtaining the express
written consent of Landlord to any other or further assignment, mortgaging, subletting or use or occupancy by others not expressly permitted by this Article. References in this Lease to use or occupancy by others, that is anyone other than Tenant,
shall not be construed as limited to subtenants and those claiming under or through subtenants but as including also licensees and others claiming under or through Tenant, immediately or remotely. 

Section 25.04 Any assignment or transfer, whether made with or without Landlord’s consent pursuant to Section 25.01 or
Section 25.02, shall be made only if, and shall not be effective until, the assignee or transferee shall execute, acknowledge and deliver to Landlord an agreement whereby the assignee or transferee shall assume from and after the date of such
assignment the obligations of this Lease on the part of Tenant to be performed or observed and whereby the assignee or transferee shall agree that the provisions in Section 25.01 shall, notwithstanding such assignment or transfer, continue to
be binding upon it in respect of all future assignments and transfers (an “Assumption Agreement”). Tenant covenants that, notwithstanding any assignment or transfer (including by way of asset transfer), whether or not in violation
of the provisions of this Lease, and notwithstanding the acceptance of Fixed Rent and/or additional rent by Landlord from an assignee, transferee, or any other party, Tenant shall remain fully liable for the payment of the Fixed Rent and additional
rents and for the other obligations of this Lease on the part of Tenant to be performed or observed as set forth in this Lease. 

Section 25.05 The joint and several liability of Tenant and any immediate or remote successor-in-interest of Tenant and the due performance of the obligations of this Lease on Tenant’s part to be performed or observed shall not be discharged, released or impaired in any respect by any
agreement or stipulation made by Landlord extending the time of, or modifying any of the obligations of, this Lease, or by any waiver or failure of Landlord to enforce any of the obligations of this Lease, provided that none of the foregoing shall
increase the obligations or liabilities of any predecessor-in-interest as Tenant hereunder. 

  
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 Section 25.06 Notwithstanding anything contained to the contrary in Sections
25.01 or 25.02 of this Article, if Tenant shall at any time or times during the Term desire (notwithstanding that Tenant may not in fact have entered into any discussions with any assignee or subtenant) to assign this Lease, or sublease any full
floor within the Premises for all or substantially all of the Term (other than an assignment or sublease permitted to be made without Landlord’s consent hereunder), Tenant shall give notice thereof to Landlord, which notice shall include all of
the material terms of the proposed assignment or subletting. Such notice (the “Recapture Offer Notice”) shall be deemed an offer from Tenant (the “Recapture Offer”) to Landlord whereby Landlord may, at its option:
(i) terminate this Lease (if the proposed transaction is an assignment or a sublease of all the Premises); or (ii) terminate this Lease with respect to the space covered by the proposed sublease. Said option may be exercised by Landlord by
notice to Tenant at any time within thirty (30) days after receipt by Landlord of the Recapture Offer Notice (such 30-day period, the “Recapture Determination Period”); and Tenant shall
not assign this Lease or sublet such space to any person during the Recapture Determination Period. If Landlord shall not so terminate this Lease in accordance with the foregoing provisions of this Section 25.06 within the Recapture
Determination Period, the Recapture Offer shall be deemed rejected by Landlord and therefore null and void and of no further force or effect upon the expiration of the Recapture Determination Period. 

Section 25.07 If Landlord exercises its option to terminate this Lease in the case where Tenant desires either to assign this
Lease or sublet all the Premises, then, the Expiration Date shall be the date that such assignment or sublet was to be effective or commence, as the case may be. 

Section 25.08 If Landlord exercises its option to terminate this Lease in part, in any case where Tenant desires to sublet part of the
Premises, then, (a) the Expiration Date with respect to such part of the Premises shall be the date that the proposed sublease was to commence; (b) from and after such Expiration Date the Fixed Rent and additional rent shall be adjusted,
based upon the proportion that the rentable area of the Premises remaining bears to the total rentable area of the Premises; and (c) Tenant shall pay to Landlord, within thirty (30) days after demand together with reasonable back-up documentation, Landlord’s reasonable cost for physically separating such part of the Premises from the balance of the Premises. 

  
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 Section 25.09 Intentionally deleted. 

Section 25.10 In the event Landlord does not exercise its options pursuant to Section 25.06 to terminate this Lease in whole or in
part and provided that Tenant is not in default of any of Tenant’s monetary or material, non-monetary obligations under this Lease beyond the expiration of any applicable notice and cure period,
Landlord’s consent (which must be in writing and not in derogation of any of Tenant’s rights under this Lease and may contain such reasonable modifications that may be required due to any particular circumstances, as the case may be) to
the proposed assignment or sublease shall not be unreasonably withheld, conditioned or delayed and shall be granted or withheld within twenty (20) days (the “Consent Determination Period”) after Landlord has failed to have
exercised any of its options under Section 25.06 hereof within the time permitted therefor and after Landlord has received from Tenant: (i) a conformed or photostatic copy of the proposed assignment or sublease, or a term sheet thereof,
the effective or commencement date of which shall be at least thirty (30) days after the giving of such notice; (ii) a statement setting forth in reasonable detail the identity of the proposed assignee or
sub-tenant, the nature of its business and its proposed use of the Premises, and (iii) current financial information with respect to the proposed assignee or subtenant, including without limitation, its
most recent financial report, provided and upon condition that all of the following are satisfied: 
 (a) Tenant shall have complied with
the provisions of Section 25.06 and Landlord shall not have exercised any of its termination options under said Section 25.06 within the time permitted therefor; 

(b) In Landlord’s reasonable judgment, the proposed assignee or subtenant is engaged in a business and possesses a general reputation and
its proposed use of the Premises (or a portion thereof) is, appropriate for and in keeping with the then standards of the Building; and the proposed use is limited to the use expressly permitted under Section 1.03; 

(c) The financial condition of the proposed assignee or subtenant is commensurate with the financial obligations involved in the proposed
assignment or sublease and Landlord has been furnished with reasonable proof of the foregoing; 

  
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 (d) Neither: (i) the proposed assignee or subtenant; nor (ii) any person which,
directly or indirectly, controls; is controlled by, or is under common control with, the proposed assignee or subtenant, is then an occupant of any part of the Building, provided however this condition shall not apply if Landlord does not then have
available for leasing in the Building space which is comparable (in terms of square footage, quality, price, location and proposed term) to the space which is the subject of the proposed transaction; 

(e) The proposed assignee or subtenant is not a person with whom Landlord is then (or has been within the previous four (4) months)
actively negotiating (as evidenced by the exchange of written proposals) to lease space in the Building, provided however this condition shall not apply if Landlord does not then have available for leasing in the Building space which is comparable
(in terms of square footage, location and proposed term) to the space which is the subject of the proposed transaction; 
 (f) The form of
the proposed assignment or sublease shall comply with the applicable provisions of this Article; and Tenant and the proposed assignee or subtenant shall execute a Consent to Assignment or Subletting not in derogation of any of Tenant’s rights
under this Lease and as reasonably agreed to among the parties; 
 (g) There shall not be more than four (4) occupants per floor of the
Premises; 
 (h) The rental and other material terms and conditions of the sublease are substantially the same as or more favorable to
Tenant than those contained in the proposed notice furnished to Landlord pursuant to Section 25.06; 
 (i) Tenant shall pay to
Landlord, upon Tenant’s execution of the consent to assignment or subletting, Landlord’s actual, reasonable out-of-pocket legal fees in connection with said
assignment or sublease; 
 (j) Tenant shall not have advertised or publicized in any way the availability of the Premises or any part
thereof except Tenant may advertise the availability of such space provided such advertisement does not set forth any financial terms for the assignment or sublease of such space and Tenant may list the same with a broker; and 

  
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 (k) The proposed assignee or subtenant shall not be entitled, directly or indirectly, to
diplomatic or sovereign immunity and shall be subject to the service of process in, and the jurisdiction of the courts of, the State of New York. 

Notwithstanding the foregoing to the contrary, in the event that Tenant’s Recapture Offer Notice shall contain all or substantially all
of the information required to be provided by pursuant to this Section 25.10 by Tenant for purposes of obtaining Landlord’s consent to a proposed assignment or subletting, then Landlord and Tenant agree that the 20-day Consent Determination Period shall be deemed merged into the 30-day Recapture Determination Period such that on or before the expiration of the Recapture Determination
Period, Landlord shall have either (i) exercised its right to terminate this Lease pursuant to Section 25.06 or (ii) granted or denied its consent to the proposed assignment or subletting in pursuant to this Section 25.10. In the
event that Landlord shall not have exercised its termination rights within the Recapture Determination Period and shall have failed to grant or deny its consent to a proposed assignment or subletting within the Consent Determination Period or the
Recapture Determination Period as applicable, then Landlord’s consent to the proposed assignment or the proposed subletting shall be deemed granted on the basis of the information provided to Landlord by Tenant pursuant to Section 25.10.

 Each subletting pursuant to this Article shall be subject to all the covenants, agreements, terms, provisions and conditions contained in
this Lease. Notwithstanding any subletting to any subtenant and/or acceptance of rent or additional rent by Landlord from any subtenant, Tenant shall and will remain fully liable for the payment of the Fixed Rent and additional rent due and to
become due hereunder and for the performance of all the covenants, agreements, terms, provisions and conditions contained in this Lease on the part of Tenant to be performed and all acts and omissions (where this Lease or applicable law imposes a
duty to act) of any licensee or subtenant or anyone claiming under or through any subtenant which shall be in violation of any of the obligations of this Lease, and any such violation shall be deemed a violation by Tenant. Tenant further agrees that
notwithstanding any such subletting, no other and further subletting of the Premises by Tenant or any person claiming through or under Tenant shall or will be made except upon compliance with and subject to the provisions of this Article. Except in
such instances where a court of competent jurisdiction has determined that Landlord has acted in an arbitrary and capricious manner or in bad faith, if Landlord 

  
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shall decline to give its consent to any proposed assignment or subtenant or if Landlord shall exercise any of its options under Section 25.06, Tenant shall indemnify, defend and hold
harmless Landlord against and from any and all loss, liability, damages, costs and expenses (including reasonable counsel fees and disbursements) resulting from any claims that may be made against Landlord by the proposed assignee or subtenant or by
any brokers or other persons claiming a commission or similar compensation in connection with the proposed assignment or sublease. 

Section 25.11 In the event that (a) Landlord fails to exercise any of its options under Section 25.06 and consents to a
proposed assignment or sublease, and (b) Tenant fails to execute and deliver the assignment or sublease to which Landlord consented within one hundred and eighty (180) days after the giving of such consent, then, Tenant shall again comply
with all the provisions and conditions of Section 25.06 before assigning this Lease or subletting all or part of the Premises. 

Section 25.12 With respect to each and every sublease or subletting authorized by Landlord under the provisions of this Lease, it
is further agreed: 
 (a) The subletting shall be for a term ending prior to the Expiration Date. 

(b) No sublease shall be valid, and no subtenant shall take possession of the Premises or any part thereof, until an executed counterpart of
such sublease has been delivered to Landlord. 
 (c) Each sublease shall be deemed to provide that it is subordinate to this Lease and to
the matters to which this Lease is or shall be subordinate, and that Section 27.04 shall govern in the event of termination, re-entry or dispossess by Landlord or successor landlord under this Lease. 

(d) Landlord shall execute and deliver a non-disturbance agreement, containing such reasonable
modifications that may be required due to any particular circumstances, with respect to any permitted subtenant with sufficient financial worth considering the responsibility involved under a sublease reasonably satisfactory to Landlord covering not
less than one (1) full floor of the Premises providing that, so long as such subtenant is not in default under such sublease (beyond any applicable notice and cure period provided the same are of customary length) and occupies not less than one
(1) full floor at the time this Lease is terminated: (i) 

  
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 Landlord will not join such subtenant as a party defendant in any action or proceeding to terminate this
Lease or to remove or evict Tenant or to recover possession of the Premises, by reason of a default on the part of Tenant under this Lease; (ii) such subtenant shall not be evicted from the premises covered by the sublease; (iii) such
subtenant’s leasehold estate in, and its possession of, the premises will not be diminished, interfered with, disturbed or terminated; (iv) if this Lease shall be terminated (because of Tenant’s default or disaffirmance in bankruptcy
or pursuant to Landlord’s rights under this Article 25 but not because of Landlord’s rights under Articles 7 and 8 hereof), such sublease shall continue in full force and effect as a direct lease between Landlord and such subtenant upon
all of the terms and conditions set forth in such sublease (except for any obligations under such sublease which would reasonably only be obligations of Tenant, as sublandlord (e.g., the provisions of shared library, cafeteria, secretarial or
conference facilities) and such other obligations as Landlord may reasonably exculpate itself pursuant to the agreement; provided, however, that unless Landlord has agreed to a different standard in the SNDA (as hereinafter defined in
Section 27.01) among Landlord, Tenant and the holder of any superior mortgage, in the event this Lease provides Landlord with greater rights or Tenant with lesser rights than what is set forth in the sublease, then the applicable terms of this
Lease shall be deemed to replace the applicable provisions of, or be inserted into, the sublease and the attornment document may so provide; and (v) subtenant agrees that the total rent payable under the sublease on a per square foot basis
shall increase to that of Tenant under this Lease (as then escalated and subject to further escalation) if the sublease provides for a lower rent, and such subtenant shall attorn to and recognize Landlord as such subtenant’s landlord under such
sublease, and Landlord shall accept such attornment and recognize such subtenant as its direct tenant under such sublease, except that Landlord or the successor landlord shall not: (x) be liable for any previous act or omission of Tenant under
the sublease; (y) be subject to any offset, which shall have theretofore accrued to subtenant against Tenant; or (z) be bound by any previous modification of the sublease, not expressly provided for in the sublease, or by any previous
payment of more than one (1) month’s Fixed Rent or payment of additional rent more than one (1) month prior to the date on which same is due, unless such modification or prepayment shall have been expressly approved in writing by
Landlord. 
 Section 25.13 If Landlord shall give its consent to any assignment of this Lease or to any sublease, Tenant shall
in consideration therefor pay to Landlord as additional rent: 

  
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 (a) in the case of an assignment, an amount equal to fifty percent (50%) of all sums and
other monetary considerations paid to Tenant by the assignee for or by reason of such assignment (including, but not limited to, sums paid for Tenant’s Property or Appurtenances, less the then depreciated cost thereof determined on the basis of
Tenant’s federal income tax returns) and after first deducting legal and other professional fees (including fees paid to Landlord pursuant to Section 25.10(i)), the cost of alterations, rent abatements and work allowances and other tenant
concessions and brokerage and marketing fees and any transfer taxes; and 
 (b) in the case of a sublease, fifty percent (50%) of any rents,
additional rent or other monetary consideration payable under the sublease to Tenant by the subtenant in excess of the Fixed Rent and additional rent accruing during the term of the sublease in respect of the subleased space (at the rate per square
foot payable by Tenant hereunder) pursuant to the terms hereof (including, but not limited to, sums paid for Tenant’s Property or Appurtenances, less the then depreciated cost thereof determined on the basis of Tenant’s federal income tax
returns) and after first deducting legal and other professional fees (including fees paid to Landlord pursuant to Section 25.10(i)), the cost of alterations, rent abatements and work allowances and other tenant concessions and brokerage and
marketing fees and any transfer taxes. The sums payable under this Section 25.13(b) shall be paid to Landlord as and when received by Tenant. 

Section 25.14 Landlord shall, at the request of Tenant, maintain listings on the Building directory (to the extent the same
exists) of the names of Tenant and any other person, firm, association or corporation in occupancy of the Premises or any part thereof as permitted hereunder, and the names of any officers, directors, members, partners or employees of any of the
foregoing. The listing of any name other than that of Tenant, whether on the doors of the Premises, on the Building directory, or otherwise, shall not operate to vest in said person or entity any right or interest in the Lease or in the Premises or
any portions thereof or be deemed to be the consent of Landlord (written or otherwise) mentioned in this Article 25. It is expressly understood that any such listing is a privilege extended by Landlord revocable at will by written notice to Tenant,
but only if the Building directory is no longer maintained by Landlord. The parties acknowledge that as of the date of this Lease, there is no Building directory. 

  
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 Section 25.15 Notwithstanding anything in this Article 25 to the contrary,
Landlord consents to the use of desk and office space in no more than fifteen percent (15%) of the rentable square footage of the Premises by professionals, consultants, contractors, clients or others with whom Tenant has a bona fide business
relationship (each a, “Business Invitee”), subject to the following conditions: (i) no demising walls shall be permitted separating such office space from the balance of the Premises and no separate entrance into the Premises
shall be provided to such office space, (ii) Tenant shall not receive any profit from the use by the Business Invitee of such space, (iii) the Business Invitee is of character, is engaged in a business, and uses the Premises in a manner in
keeping with the standards in such respects of the other tenancies in the Building, (iv) the use and occupancy by the Business Invitee is otherwise expressly subject to all of the terms, covenants, conditions and obligations on Tenant’s
part to be observed and performed under this Lease, including Tenant’s obligation to indemnify Landlord for all matters arising out of the Business Invitee’s use of the Premises pursuant to Section 5.01(k) of this Lease,
(v) prior to the use of the Premises by the Business Invitee, the name of such Business Invitee shall be furnished to Landlord, (vi) any violation of any provision of this Lease by the Business Invitee shall be deemed to be a default by
Tenant under such provision, and (vii) the Business Invitee shall have no recourse against Landlord whatsoever on account of any failure by Landlord to perform any of its obligation under the Lease or on account of any other matter. 

ARTICLE 26 

Escalations 

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

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

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

  
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 (c) “Tenant’s Tax Proportionate Share” and “Tenant’s
Operating Proportionate Share” for each floor of the Premises shall be as set forth on Exhibit C. Tenant acknowledges that such agreed-upon percentages shall change only if the area of the Premises is increased or decreased pursuant to an
amendment to this Lease signed by Landlord and Tenant or if Landlord physically constructs additional rentable space in the Building in which case, Tenant’s Tax Proportionate Share and Tenant’s Operating Proportionate Share shall be
recalculated on the same basis and methodology as the rentable square foot area for the Premises and Building was calculated as of the date of this Lease. 

(d) “Operating Expenses” shall have the meaning set forth in Exhibit K annexed hereto and made a part hereof. 

(e) “Base Year Operating Expenses” shall mean the Operating Expenses for the Operating Year ending December 31, 2014.

 (f) “Real Estate Taxes” shall mean the aggregate amount of real estate taxes and assessments imposed upon the Land and
Building and payable by Landlord taking into account the benefit of abatements or exemptions, if any (including, without limitation: (i) real estate taxes upon any “development rights” payable by Landlord; and (ii) any
assessments levied after the date of this Lease for public benefits to Land and/or Building, or special assessments levied on the Land and/or Building, which assessments, if payable in installments shall be deemed payable in the maximum number of
permissible installments), in the manner in which such taxes and assessments are imposed as of the date hereof, excluding any franchise, estate, inheritance or income tax of Landlord or any penalties or interest; provided, that if because of any
change in the taxation of real estate, any other tax or assessment of any kind or nature (including, without limitation, any occupancy, gross receipts or rental tax but excluding income, inheritance, gift and excise taxes ) is imposed upon Landlord
or the owner of the Land and/or Building, or upon or with respect to the Land and/or Building or the occupancy, rents or income therefrom, in substitution for, or in addition to, any of the foregoing Real Estate Taxes, such other taxes or assessment
shall be deemed part of the Real Estate Taxes computed as if Landlord’s sole asset and source of income were Landlord’s interest in the Land and Building. Landlord shall have the exclusive right, but not the obligation, to contest or
appeal any assessment of Real Estate Taxes levied upon the Land and the Building by any governmental or quasi-governmental taxing agency. Tenant shall have no right or power to contest or appeal any assessment of Real Estate Taxes. With respect to
any Tax Year, including the Tax Year used to determine the Real Estate Tax Base, all expenses, including the reasonable fees and expenses of attorneys, experts and witnesses incurred in contesting the validity or amount of any Real Estate Taxes,
regardless of whether successful, shall be considered as part of the Real Estate Taxes for such Tax Year. 

  
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 (g) “Real Estate Tax Base” shall mean the amount which is equal to the Real
Estate Taxes for the Tax Year ending on June 30, 2015. Landlord represents that, as of the date of this Lease, there are no tax abatements or exemptions which will affect the Real Estate Tax Base. 

(h) “Escalation Statement” shall mean a statement in writing from Landlord, setting forth the amount payable by Tenant for a
specified Tax Year or Operating Year, as the case may be, pursuant to this Article 26, which statement shall include in reasonable detail the computation of any additional rent payable pursuant to this Article. Landlord shall furnish Tenant with a
copy of the current bill for the current Tax Year within ten (10) business days after tenant’s request in writing for such tax bill. 

Section 26.02 If the Real Estate Taxes for any Tax Year (all or any portion of which falls within the Lease term) shall be greater
than the Real Estate Tax Base, Tenant shall pay to Landlord as additional rent pursuant to Sections 26.05 and 26.06 for the Premises for such Tax Year an amount (herein called the “Tax Payment”) equal to Tenant’s Tax
Proportionate Share of the amount by which the Real Estate Taxes paid for such Tax Year are greater than the Real Estate Tax Base. 

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

Section 26.04 Intentionally deleted. 

Section 26.05 Landlord shall furnish to Tenant, prior to the commencement of each Operating Year, as the case may be, a written
statement setting forth Landlord’s reasonable estimate of the Operating Payment. Landlord shall also furnish to Tenant prior to the commencement of each Tax Year, a written statement setting forth the Tax Payment for the ensuing Tax Year based
on the current tax bill. Landlord may readjust the amount of the Tax Payment set forth in such written statement if Landlord receives a revised or finalized tax bill for Real Estate Taxes from the City of New York. Tenant shall pay to Landlord on
the first day of each month during such Operating Year or Tax Year, as the case 

  
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may be, an amount equal to one-twelfth of the amount set forth on each written statement. If, however, Landlord shall furnish any such Operating Year
estimate (which estimate shall not be more than 105% of the amount for the immediately preceding year excluding non-controllable expenses such as insurance and utilities) for an Operating Year subsequent to
the commencement thereof, or any Tax Year statement, then (a) until the first day of the month following the month in which such estimate is furnished to Tenant, Tenant shall pay to Landlord on the first day of each month an amount equal to the
monthly sum payable by Tenant to Landlord under this Section in respect of the last month of the preceding Operating Year; (b) promptly after such written statement is furnished to Tenant, Landlord shall give notice to Tenant stating whether
the installments of the Operating Payment or Tax Payment previously made for such Operating Year or Tax Year, as the case may be, were greater or less than the installments of the Operating Payment or Tax Payment to be made for such Operating Year
or Tax Year in accordance with such written statement (as may be adjusted in the case of the Tax Payment), and: (i) if there shall be a deficiency, Tenant shall pay the amount thereof within thirty (30) days after demand therefor; or
(ii) if there shall have been an overpayment, Landlord shall promptly refund or credit to Tenant the amount thereof but no later than twenty (20) days after demand; and (c) on the first day of the month following the month in which
such estimate is furnished to Tenant, and monthly thereafter throughout the remainder of such Operating Year or Tax Year, as the case may be, Tenant shall pay to Landlord an amount equal to one-twelfth
(1/12th) of the Operating Payment or Tax Payment, as the case may be, shown on such written statement. 
 Section 26.06 Landlord
shall furnish to Tenant an Escalation Statement for each Operating Year and for each Tax Year. Landlord shall furnish such Escalation Statements (together with the true-up amounts, if any, based on the actual
amounts from the prior year against the estimated payments) within one hundred and fifty (150) days after the end of the applicable Operating Year. If Landlord fails to furnish an Escalation Statement for Operating Expenses within two hundred
and ten (210) days after the end of the applicable Operating Year, Tenant may cease making monthly Operating Payments until such Escalation Statement is furnished, provided however, in no event shall Tenant be relieved or released of its
obligation to make the full amount of Operating Payment due hereunder. If the Escalation Statement shall show that the sums paid by Tenant under Section 26.05 exceeded the Tax Payment or Operating Payment to be paid by Tenant for such Tax Year
or Operating Year, as the case may be, Landlord shall refund to Tenant 

  
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the amount of such excess within thirty (30) days after delivery of such Escalation Statement, or Tenant shall be entitled to a credit against the next ensuing installment of Fixed Rent or
additional rent until such amount shall be exhausted; and if the Escalation Statement for such Tax Year or Operating Year, as the case may be, shall show that the sums so paid by Tenant were less than the Tax Payment or Operating Payment, as the
case may be, to be paid by Tenant for such Tax Year or Operating Year, Tenant shall pay the amount of such deficiency within thirty (30) days after demand therefor. Notwithstanding anything to the contrary contained in Sections 26.05 or 26.06
hereof, Landlord shall furnish to Tenant an Escalation Statement or statements showing the Tax Payment to be paid by Tenant for the applicable Tax Year. Tenant shall pay Tenant’s Tax Payment in the same number of installments that Landlord pays
to the City of New York (or applicable governmental authority) with each installment of the applicable Tax Payment being due thirty (30) days after Landlord bills Tenant for the installment in question. 

Section 26.07 In case the Real Estate Taxes for any Tax Year or part thereof falling within the Term shall be reduced during the
term hereof after Tenant shall have paid Tenant’s Tax Proportionate Share of any increase thereof in respect of such Tax Year pursuant to Section 26.06 hereof, Landlord shall credit to Tenant Tenant’s Tax Proportionate Share of the
refund against the next installment of Fixed Rent and additional rent next due or refund such amount if the Lease term has ended. Landlord’s obligations pursuant to the preceding sentence shall survive the Expiration Date. If, after an
Escalation Statement has been sent to Tenant during the term hereof, the assessed valuation which had been utilized in determining the Real Estate Base Tax is reduced (as a result of settlement, final determination of legal proceedings or
otherwise), then, and in such event (a) the Real Estate Tax Base shall be retroactively adjusted to reflect such reduction and (b) all retroactive additional rent resulting from such retroactive adjustment shall be forthwith payable within
thirty (30) days of when billed by Landlord. Landlord shall send to Tenant a statement setting forth the basis for such retroactive adjustment and additional rent payments. 

Section 26.08 Intentionally deleted. 

  
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 Section 26.09 Payments shall be made pursuant to this Article 26 notwithstanding
the fact that an Escalation Statement is furnished to Tenant after the Expiration Date and any delay or failure of Landlord in billing any additional rent provided for in this Article 26 shall not constitute a waiver of or in any way impair the
continuing obligation of Tenant to pay such additional rent hereunder, but in no event shall such Escalation Statement be delivered after the date occurring two (2) years after the Expiration Date. 

Section 26.10 Provided that Tenant is not in default hereunder beyond the expiration of any applicable notice and cure period,
then, within one hundred and eighty (180) days after the submission of an Escalation Statement, Landlord shall allow Tenant or Tenant’s agents, upon not less than ten (10) business days advance notice to Landlord, to examine, during
Business Hours at Landlord’s office where such records are kept in the Borough of Manhattan, City of New York, such books, purchase orders, invoices, payrolls and all other records in Landlord’s possession that are relevant to such
Escalation Statement or as may be reasonably necessary in order to permit Tenant to verify the information set forth in such Escalation Statement with respect to Operating Expenses (an “Audit”). In no event shall any Audit cover a
period which was the subject of a previous subject of an Audit. Any such Audit may only be conducted by an independent, nationally or regionally-recognized accounting firm that is not being compensated by Tenant on a contingency fee basis. Tenant
and its agents shall keep all information which they are shown in connection with any Audit confidential and shall not reveal the same to any third party except as may be required by applicable Requirements or in connection with the proceeding to
resolve any dispute as set forth below. Landlord shall have the right to precondition any verification right provided hereunder upon the execution by Tenant and the person conducting such Audit of a confidentiality agreement in the form as
reasonably required by Landlord, which form may contain such reasonable modifications as agreed upon by the parties. In the event that Tenant fails to initiate such Audit within said one hundred and eighty (180) day period or fails to complete
and deliver to Landlord a copy of such Audit within sixty (60) days after the completion of the Audit (provided Landlord has delivered to Tenant all the information and documents reasonably requested by Tenant as required hereunder), then in
either such event, Tenant shall have no further right to challenge or contest the accuracy of the applicable Escalation Statement. No subtenant (as opposed to Tenant) shall have any right to conduct an Audit. In the event the parties settle any
issues raised by an Audit or such issues are decided by a third accounting firm as set forth below and such settlement or decision results in a five percent (5%) or greater reduction in the amount of Operating Expenses for any one (1) Operating
Year (from the amount of Operating Expenses stated by Landlord with respect to such Operating Year in its Escalation Statement), Landlord shall reimburse Tenant for Tenant’s reasonable 

  
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and actual out-of-pocket accounting firm fee for such Audit and Landlord shall pay all expenses of the third
accounting firm as set forth below and pay the amount of the overpayment owed with interest at the rate of the prime rate as published in The Wall Street Journal (or its successor) plus 2.5% per annum. In the event the parties are not able to
settle all issues raised by an Audit, then Landlord and Tenant shall be bound by the findings of a third independent, nationally or regionally-recognized accounting firm selected by both Landlord and Tenant and whose expenses shall be shared equally
between Landlord and Tenant, except as set forth above. In the event Landlord and Tenant fail to agree on the selection of the third accounting firm, the parties agree to submit such decision to the Chairman of the Board of Directors of the
Management Division of the Real Estate Board of New York, Inc., or to such impartial person as he/she may designate whose determination shall be final and conclusive upon the parties hereto. In any event, within thirty (30) days after such
final determination, Landlord shall credit against Fixed Rent next due and owing the amount of any overpayment of Operating Expenses made by Tenant as determined hereby or refund Tenant such amount if the Term has ended. 

Section 26.11 In no event shall: (x) the Fixed Rent under this Lease (exclusive of the additional rent under this Article) be
reduced by virtue of this Article except for the credits set forth herein, if any; or (y) Tenant be entitled to a credit against the payment of any additional rent that may be due under this Lease (including this Article 26) by reason of the
fact that: (i) Operating Expenses in any Operating Year are less than Base Year Operating Expenses; and/or (ii) Real Estate Taxes for any Tax Year are less than the Real Estate Tax Base. 

ARTICLE 27 

Subordination 

Section 27.01 Subject to Section 27.07(b) hereof, this Lease is subject and subordinate in all respects to all ground leases
and/or underlying leases now or hereafter covering the real property or any portion thereof of which the Premises form a part and to all mortgages and trust indentures which may now or hereafter be placed on or affect such leases and/or the real
property of which the Premises form a part, or any part or parts of such real property, and/or Landlord’s interest therein, and to each advance made and/or hereafter to be made under any such mortgages, or indentures and to all renewals,
modifications, consolidations, increases, recastings, replacements, extensions and substitutions 

  
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of and for such ground leases and/or underlying leases and/or mortgages or indentures (each lease or mortgage to which this Lease shall be subject and subordinate pursuant to the provisions
hereof being respectively herein called a “superior lease” or a “superior mortgage”). This Section 27.01 shall be self-operative and no further instrument of subordination shall be required. In confirmation of such
subordination, Tenant shall execute, at its sole cost and expense, and deliver promptly any certificate that Landlord and/or any lessor under any superior lease and/or any holder of any superior mortgage and/or their respective successors in
interest may reasonably request provided such request is in accordance with the provisions of a subordination, non-disturbance and attornment and agreement (an “SNDA”) entered into with
Tenant. Landlord represents that it has received no notice of, and has no knowledge (without any specific inquiry or review of its files) of any default under any superior lease or superior mortgage which either presently exists or which would arise
with the passage of time and the giving of notice. 
 Section 27.02 In the event of any act or omission of Landlord that would
give Tenant the right, immediately or after lapse of a period of time, to cancel or terminate this Lease, or to claim a partial or total eviction (but excluding any express right set forth in Articles 7 and 8 or elsewhere in this Lease not resulting
from a default by Landlord), Tenant shall not be entitled to exercise such right: 
 (a) unless and until Tenant has given prompt written
notice of such act or omission to the lessor under each superior lease and the holder of each superior mortgage, whose name and address shall previously have been furnished to Tenant in writing; and 

(b) unless such act or omission shall be one which is not capable of being remedied by such lessor or such holder within a reasonable period
of time, until a reasonable period for remedying such act or omission shall have elapsed following the giving of such notice and following the time when the lessor under such superior lease or the holder of such superior mortgage shall have become
entitled under such lease or such mortgage, as the case may be, to remedy the same (which reasonable period shall in no event be less than the period to which Landlord would be entitled under this Lease or otherwise, after similar notice, to effect
such remedy or more than ninety (90) days), provided such lessor or such holder shall with due diligence give Tenant written notice of intention to, and commence and diligently continue to remedy such act or omission. 

  
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 Section 27.03 Tenant shall take all reasonable action requested by Landlord at
no cost to Tenant (provided the same does not increase Tenant’s obligations or decrease Tenant’s rights hereunder) such that neither the termination of any superior lease or any superior mortgage, nor the institution of any suit, action or
other proceeding by the lessor under any such superior lease or the holder of any such superior mortgage to recover possession of the Premises leased or mortgaged under any such superior lease or any such superior mortgage or to realize on the
mortgagor’s interest under any such superior mortgage or any such superior lease (provided that Tenant is not otherwise disturbed by the lessor under any such superior lease or the holder of any such superior mortgage) shall, by operation of
law or otherwise, result in the cancellation or termination of this Lease (unless specific action is taken by the lessor under any such superior lease or the holder of any such superior mortgage to terminate this Lease based upon a default hereunder
beyond the expiration of any applicable notice and cure period) or the obligations of Tenant hereunder. If the lessor under any superior lease or the holder of any superior mortgage, or the purchaser upon any foreclosure sale relating to such
superior mortgage, or any designee of such lessor or such holder shall succeed to the rights of Landlord under this Lease, whether through possession, or any action or proceeding relating to the termination of such superior lease, or foreclosure
action or delivery of a new lease or deed, then, at the request of such party so succeeding to Landlord’s rights (such party being sometimes herein called a “successor landlord”) and upon such successor landlord’s
written agreement to accept Tenant’s attornment, Tenant shall attorn to and recognize such successor landlord as Tenant’s landlord under this Lease, and shall promptly execute and deliver, at Tenant’s sole expense, any reasonable
instrument that such successor landlord may reasonably request to evidence such attornment and none of the above-described successions shall, by operation of law or otherwise, result in the cancellation or termination of this Lease (unless specific
action is taken by such successor landlord to terminate this Lease) or the obligations of Tenant. Upon such attornment, this Lease shall continue in full force and effect as, or as if it were, a direct lease between the successor landlord and Tenant
upon all of the terms, conditions and covenants set forth in this Lease, except that if the successor landlord is not an Affiliate of the prior landlord, the successor landlord shall not: 

(a) be liable for any previous act or omission of Landlord under this Lease (provided however, that to the extent that this Lease obligates
Landlord to perform any repairs or other work or maintenance to, or to provide or perform any services to the Building or the Premises, the successor landlord shall be obligated to do so); 

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

Section 27.04 Subject to the terms of any SNDA executed with the applicable subtenant, in the event of termination, cancellation, re-entry or dispossess by Landlord or a successor landlord under this Lease Tenant shall, at Landlord’s or the successor landlord’s request given within thirty (30) days of the foregoing, execute an
assignment (without representation or warranty) by Tenant to Landlord or the successor landlord of Tenant’s interest as sublessor under any subleases under this Lease. 

Subject to the terms of any SNDA executed with the applicable subtenant, at Landlord’s or successor landlord’s option, pursuant to
the applicable terms and conditions of the relevant subleases, sublessee shall attorn to Landlord or the successor landlord and upon such attornment, the sublease shall continue in full force and effect as, or as if it were, a direct lease between
Landlord or the successor landlord and sublessee upon all the terms, conditions and covenants set forth in, at Landlord’s or successor landlord’s option, the Lease or the sublease, except that Landlord or the successor landlord shall not:

 (a) be liable for any previous act or omission of sublessor under the sublease (but the same shall not release Landlord or a successor
landlord, as applicable, from the requirement to perform any obligations of a continuous nature after such attornment); 

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

In the event that Landlord or a successor landlord, as the case may be, does not request Tenant to assign its interest in the sublease or have
sublessee attorn to Landlord or the successor landlord, as the case may be, then Landlord or successor landlord, as the case may be, shall have the right to terminate the sublease immediately at any time after termination or cancellation of this
Lease or re-entry or dispossess by Landlord or a successor landlord under this Lease. 
 All
subleases made in accordance with this Lease shall be subject to the above provisions, except for subleases for which Landlord has executed the agreement required pursuant to Section 25.12(d) hereof. 

Section 27.05 In the event the holder of any mortgage or the lessor of any lease (present or future) relating to the Premises
and/or this Lease requests that (a) this Lease and Tenant’s rights hereunder be made superior, rather than subordinate, to such mortgage or lease and/or (b) Tenant enters into an SNDA, then Tenant, within fifteen (15) days after
written request, will execute and deliver without charge such commercially reasonable agreement(s) in such form(s) reasonably acceptable to Tenant and to the holder of such mortgage or lessor of such lease (provided the same does not increase
Tenant’s obligations or decrease Tenant’s rights hereunder). 
 Section 27.06 Intentionally deleted. 

Section 27.07 (a) Landlord represents that, as of the date of this Lease, the only superior lease is held by PGREF I 1633 Broadway
Land, L.P. and the only superior mortgage is held by Landesbank Baden-Württemberg, as Administrative Agent. SNDAs with respect to such superior lease and superior mortgage shall be executed
contemporaneously with this Lease. 

  
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 (b) Anything in this Article 27 to the contrary notwithstanding, this Lease shall not be
subordinate to any future superior mortgage or any future superior lease unless and until Landlord obtains an SNDA in favor of Tenant from the holder of any future superior mortgage or any future superior lease in such holder’s standard form,
subject to Tenant’s commercially reasonable changes. 
 Section 27.08 Notwithstanding anything in this Article 27 to the
contrary, if the terms of any subordination, non-disturbance and attornment agreement which Tenant enters into with the holder of any superior mortgage or superior lease conflicts with any of the terms of this
Article 27, then the terms of the subordination, non-disturbance and attornment agreement shall control and such relevant provisions of this Article 27 shall be disregarded. 

ARTICLE 28 

Miscellaneous 

Section 28.01 Notwithstanding anything contained in this Lease to the contrary, Tenant covenants and agrees that Tenant will not
use the Premises or any part thereof, or permit the Premises or any part thereof to be used, 
 (i) for an off the street retail banking,
trust company, or safe deposit business, 
 (ii) as an off the street savings bank, or as a savings and loan association, or as a loan
company, 
 (iii) except for the benefit of Tenant’s employees only, for the sale of travelers checks and/or foreign exchange, or as a
tourist or travel agency, 
 (iv) as an off the street stock brokerage office or for off the street stock brokerage purposes or for the
underwriting of securities that involves direct off the street patronage of the general public, 
 (v) as a newsstand, employment agency,
office for a labor union, classroom or school (except for seminars and training or continuing professional education programs conducted by Tenant in its conference facilities), 

  
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 (vi) as a restaurant and/or bar and/or for the sale of confectionery and/or soda and/or
beverages and/or sandwiches and/or ice cream and/or baked goods or for the preparation, dispensing or consumption of food or beverages in any manner whatsoever; provided, however that this prohibition shall not be deemed to be violated by a
customary, first-class warming pantry, kitchen, cafeteria or lunch room, the use of vending machines dispensing sodas, prepared sandwiches, prepared ice-cream or baked goods or other prepared foods or
beverages, or the consumption of food and beverages by Tenant’s principals, employees, Tenant’s permitted subtenants, occupants, agents, contractors, or invitees or other Tenant Parties, provided that all of the foregoing shall otherwise
comply with all applicable provisions of this Lease, 
 (vii) as offices for any government or any department, commission, subdivision or
agency thereof, or 
 (viii) for any other use or purpose that involves direct off the street patronage of the general public. 

Section 28.02 Intentionally deleted. 

Section 28.03 Intentionally deleted. 

Section 28.04 Intentionally deleted. 

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

Section 28.06 Intentionally deleted. 

  
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 Section 28.07 Without incurring any liability to Tenant, Landlord may permit
access to the Premises and open the same, whether or not Tenant shall be present, upon demand of a sheriff, marshal, court officer or governmental authority in possession of a warrant permitting such access , or upon demand of any representative of
the fire, police, building, sanitation or other department of the city, state or federal governments, provided that Landlord shall use reasonable efforts to give prior notice to Tenant with respect to such access. 

Section 28.08 Intentionally deleted. 

Section 28.09 Vending machines may be installed for Tenant’s employees and guests only in the Premises without
Landlord’s consent. 
 Section 28.10 Intentionally deleted. 

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

Section 28.12 Landlord and Tenant each represent that it has not dealt with any person or broker in connection with this Lease
other than CBRE, INC. (the “Broker”) and each agree to defend, indemnify and hold harmless the other, its agents and employees, from any loss, liability, costs, damages and expenses (including without limitation reasonable
attorney’s fees and disbursements) suffered by the other through any breach of this representation, or in connection with the claim of any other person or broker alleging to have dealt with the indemnifying party with respect to this Lease.
Broker shall be compensated by Landlord pursuant to a separate agreement. 
 Section 28.13 The term “Landlord”
as used in this Lease means only the owner, or the mortgagee in possession, for the time being, of the Land and Building (or the owner of a lease of the Building or the Land and Building), so that in the event of any sale or sales of the Land and
Building or of said lease, or in the event of a lease of the Building, or of the Land and Building, the Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder arising subsequent to the date
of such sale or lease, 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, 

  
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at any such sale, or the said lessee of the Building, or of the Land and Building, that the purchaser or the lessee of the Building has assumed and agreed to carry out any and all covenants and
obligations of Landlord hereunder. No general or limited partner or shareholder of Landlord (including any assignee or successor of Landlord) or other holder of any equity interest in Landlord shall be personally liable for the performance of
Landlord’s obligations under this Lease. The liability of Landlord (including any assignee or successor of Landlord) for Landlord’s obligations under this Lease shall be limited to Landlord’s interest in the Land and Building (and the
proceeds of the disposition and any refinancing thereof until distribution) and Tenant shall not look to any of Landlord’s other assets in seeking either to enforce Landlord’s obligations under this Lease or to satisfy a judgment for
Landlord’s failure to perform such obligations. Landlord reserves the right, at any time, to convert the Building and or Land to condominium ownership, and upon such conversion: (i) this Lease shall be subject and subordinate to the
applicable condominium documents; and provided Tenant’s rights and obligations and costs and expenses under this Lease shall not be adversely affected (ii) the owner of the unit or units of which the Premises forms a part shall be deemed
to be the Landlord hereunder. 
 Section 28.14 The submission by Landlord of the Lease in draft form shall be deemed submitted
solely for Tenant’s consideration and not for acceptance and execution. Such submission shall have no binding force or effect and shall confer no rights nor impose any obligations, including brokerage obligations, on either party unless and
until both Landlord and Tenant shall have executed the Lease and duplicate originals thereof shall have been delivered to the respective parties. 

Section 28.15 Intentionally deleted. 

Section 28.16 Tenant covenants to pay any occupancy or rent tax now in effect or hereafter enacted if the same applies to
Tenant’s leasing of the Premises. 
 Section 28.17 Each of Landlord Tenant hereby represents and warrants to each other
that it is duly formed and in good standing, and has full corporate, limited liability company or partnership power and authority, as the case may be, to enter into this Lease and has taken all corporate, limited liability company or partnership
action, as the case may be, necessary to carry out the transaction contemplated herein, so that when executed, this Lease constitutes a valid and binding obligation of each such party. Landlord represents to Tenant that Paramount Group, Inc. is

  
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the duly authorized managing agent for Landlord and as such, is duly authorized to execute this Lease so as to create a binding obligation on the part of Landlord. Each party shall provide the
other with corporate resolutions or other proof in a form acceptable to the other, authorizing the execution of the Lease at the time of such execution. Each party hereby represents to the other that it is not entitled, directly or indirectly, to
diplomatic or sovereign immunity. 
 Section 28.18 Tenant acknowledges that is has no rights to any development rights,
“air rights” or comparable rights appurtenant to the Land and/or Building, and consents, without further consideration, to any utilization of such rights by Landlord and agrees to promptly execute and deliver any reasonable instruments
which may be requested by Landlord, including instruments merging zoning lots, evidencing such acknowledgment and consent, provided same does not prevent occupancy of the Premises by Tenant in the manner provided herein or otherwise decrease
Tenant’s rights or increase Tenant’s obligations hereunder by more than a de minimus amount. The provisions of this Section 28.18 shall be deemed to be and shall be construed as an express waiver by Tenant of any interest
Tenant may have as a “party in interest” (as such quoted term is defined in Section 12-10 Zoning Lot of the Zoning Resolution of the City of New York) in the Land and/or Building. 

Section 28.19 Each party hereby represents and warrants to the other that: 

(a) it is not acting, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the
United State Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule, or regulation that is enforced or
administered by the Office of Foreign Assets Control; 
 (b) it is not engaged in this transaction, directly or indirectly on behalf of, or
instigating or facilitating this transaction, directly or indirectly on behalf of, any such person, group, entity, or nation; and 
 (c)
neither party nor any person, group, entity or nation who owns any direct or indirect beneficial interest in such party or any of them is in violation of any anti-money laundering or anti-terrorism statue, including, without limitation, the Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, U.S. Public Law 107-56 (commonly known as the USA PATRIOT Act) and the related regulations
issued thereunder, including, without limitation, temporary regulations, all as amended from time to time. 

  
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 Each party hereby agrees to defend, indemnify, and hold harmless the other and its
respective partners, lenders, shareholders, directors, officers, agents and employees from and against any and all claims, damages, losses, liabilities and expenses (including attorney’s fees and costs) arising from or related to any breach of
the foregoing representations. 
 ARTICLE 29 

Layout and Finish 

Section 29.01 Except for any work performed by Landlord in connection with the Delivery Condition, Tenant shall, at Tenant’s
sole expense, and as part of Tenant’s Changes, perform all the work, including without limitation, the work set forth in Section 29.02(b) hereof (“Tenant’s Work”) in the Premises and the Storage Space (as defined in
Article 39 hereof) necessary for Tenant’s occupancy thereof, including, but not limited to all work as may be necessary to comply with all applicable Requirements (including without limitation, the Americans with Disabilities Act) or
regulations and otherwise, subject to the provisions of this Lease. 
 Section 29.02 (a) Provided Tenant is not then in default
of any monetary Term beyond the expiration of any applicable notice and cure period, Landlord shall pay Tenant an allowance in an amount equal to $22,981,553.00 (the “Tenant’s Allowance”), which Tenant’s Allowance shall be
used to pay solely the following costs and expense: the cost and expense incurred in connection with the performance of Tenant’s Work, all soft costs (not to exceed $4,596,310.60) relating to Tenant’s Work, including, without limitation,
fees payable to Tenant’s engineer and Tenant’s architect and all consultants involved in Tenant’s Work and the cost to file the final plans and obtain necessary permits (but excluding the costs of moving or to purchase any personal
property). If Landlord shall not be obligated to pay Tenant any installment of Tenant’s Allowance because Tenant is then in default as specifically provided in this Section 29.02(a), upon the curing of such default and provided that this
Lease has not been terminated, Landlord shall once again be obligated to pay all installments of Tenant’s Allowance then due. In the event that the 

  
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cost and expense of Tenant’s Work shall exceed this amount, Tenant shall be entirely responsible for such excess. Until exhausted, Tenant’s Allowance shall be payable directly to such
contractor, subcontractor, materialmen, supplier or as Tenant may otherwise direct upon written requisition in installments as Tenant’s Work progresses, but in no event more frequently than monthly. The amount of each installment of
Tenant’s Allowance payable pursuant to any such requisition shall be an amount equal to the actual costs due and payable for completed portions of Tenant’s Work referenced in such requisition (as evidenced by the invoices due and payable
and delivered to Landlord in accordance with the next sentence). Prior to the payment of any such installment which Landlord shall make to Tenant within thirty (30) days after receipt of the items set forth in clauses (1), (2) and
(3) below, Tenant shall deliver to Landlord such written requisition for disbursement which shall be accompanied by (1) invoices for the Tenant’s Work performed since the last disbursement subject to customary retentions, except with
respect to the first requisition; (2) a certificate signed by Tenant’s architect or an officer of Tenant certifying that the Tenant’s Work represented by the aforesaid invoices has been satisfactorily completed in accordance with the
final plan; (3) conditional partial lien waivers by contractors, subcontractors and all materialmen for all such work in the substantially the same form attached hereto as Exhibit R or, if then available, for work covered by the prior
disbursement. If Landlord fails to make any such payment of the Tenant Allowance within five (5) business days after its receipt from Tenant of notice that such installment is past due (and same is the case) after Landlord’s receipt of the
items set forth in (1), (2) and (3) above and, provided Landlord has not notified Tenant of Landlord’s reasonable good faith dispute with any matter pertaining to the requisition for payment, then Tenant shall be entitled, until the
applicable installment is paid, to credit the undisputed amount due for such installment (together with interest at the Default Rate on such undisputed amount from the undisputed due date until paid) against the payment of Fixed Rent and Article 26
additional rent next due under this Lease, provided however, Tenant shall not be entitled to any credit pursuant to this sentence if Tenant is then in default beyond the expiration of any applicable notice and cure period. Notwithstanding anything
contained herein, Landlord shall retain not more than $100,000.00 of the Tenant’s Allowance until Tenant or Tenant’s architect has delivered to Landlord with respect to Tenant’s Work all Building Department sign-offs (including,
without limitation, a letter of completion), inspection certificates and any permits required to be issued by any governmental entities having jurisdiction over Tenant’s Work and a general release or final lien waivers from all contractors,
subcontractors and materialmen performing Tenant’s Work releasing Landlord from all liability for any Tenant’s Work. 

  
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 (b) At any and all reasonable times during the progress of Tenant’s Work,
representatives of Landlord shall have the reasonable right of access to the Premises and inspection thereof; provided, however, that Landlord shall incur no liability, obligation or responsibility to Tenant or any third party by reason of such
access and inspection except to the extent of acts, omissions negligence or willful misconduct or breach of this Lease by Landlord or Landlord Parties. Except for the costs for Landlord’s review of Tenant’s Plans in accordance with
Section 5.01(e)(iii), Landlord shall not charge any supervisory fee, surcharges or any other fees or charges in connection with initial Tenant Work or any Tenant Changes or any other Tenant Work or Tenant Changes performed during the Term. 

(c) Landlord shall, in accordance with the disbursement procedures applicable to Tenant’s Allowance, reimburse Tenant an amount equal to
One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) solely for the costs incurred by Tenant in constructing new public core bathrooms as part of Tenant’s Work (not any private or executive bathrooms) within the Premises. All
such work shall be performed in compliance with all codes and other legal requirements, including, without limitation, the Americans with Disabilities Act. 

ARTICLE 30 

Insurance 

Section 30.01 Tenant covenants, at its expense, to provide prior to entry upon the Premises and to keep in force and effect during
the Term or Tenant’s occupancy of the Premises (whichever is longer): (1) commercial general liability insurance with respect to the Premises and its Appurtenances on an occurrence basis against claims for bodily injury and property damage with
minimum limits of liability in amount of Five Million and 00/100 Dollars ($5,000,000.00) combined single limit for bodily injury and property damage (including coverage for all operations of Tenant, products/completed operations, independent
contractors, broad form property damage, personal injury liability and contractual liability coverage); (2) if the nature of Tenant’s business is such as to place all or any of its employees under workers’ compensation or similar statutes,
workers’ compensation or similar insurance affording statutory coverage and containing statutory limits; and (3) all-risk property damage insurance (replacement cost coverage),

  
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including theft or attempted theft of, Tenant’s Property within the Premises. Tenant agrees to deliver to Landlord, at least ten (10) days prior to the time such insurance is first
required to be carried by Tenant and thereafter within ten (10) days after the expiration of any such policy, a certificate of insurance procured by Tenant in compliance with its obligations hereunder. Workers’ compensation insurance
provided for in this Section may be procured by Tenant’s contractors. Tenant will also furnish Landlord with evidence that Tenant’s contractors performing any Tenant’s Changes or other work in the Building are covered by insurance in
amounts and of the types which are appropriate, in Landlord’s reasonable judgment, to the size and scope of Tenant’s Changes. The limits of liability specified above can be satisfied through a combination of primary and umbrella or excess
liability policies, provided that coverage under such umbrella or excess liability policies is at least as broad as coverage provided by the primary policy. 

Section 30.02 All the aforesaid insurance shall be issued in the name of Tenant and, except for the workers’ compensation
policy and the all-risk property damage policy, name Landlord (and designee(s) of Landlord as reasonably determined by Landlord) as additional insureds, and shall be written by one (1) or more responsible
insurance companies authorized to do business in the State of New York, having a general policyholder rating of at least A- and a financial rating of at least VII. All such insurance may be carried under a
blanket policy covering the Premises and any other of Tenant’s locations. Tenant shall endeavor to provide prior written notice to Landlord in the event of a cancellation or material change of any insurance required hereunder with respect to
Landlord. Tenant shall be solely responsible for payment of premiums. Tenant’s insurance shall be primary with any coverage provided by Landlord as excess and non-contributory. The minimum limits of the
commercial general liability policy of insurance shall in no way limit or diminish Tenant’s liability under Section 5.01(k) hereof. 

Section 30.03 The minimum limits of the commercial general liability policy of insurance required by Section 30.01 hereof
shall be subject to increase no more than every three (3) years after the commencement of the fifth (5th) year of the term hereof but only if Landlord, in the exercise of its reasonable judgment, shall deem the same necessary for adequate
protection and such increase shall result in coverage that is then customary with respect to coverage required to be carried by tenants similar to Tenant in Comparable Buildings. Within thirty (30) days after written demand therefor by
Landlord, Tenant shall furnish Landlord with evidence that Tenant has complied with a reasonable increase 

  
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in insurance required by Landlord pursuant to this Section 30.03. In case Tenant disputes the reasonableness of Landlord’s demand, the parties agree to submit the question of the
reasonableness of such demand for decision to the Chairman of the Board of Directors of the Management Division of The Real Estate Board of New York, Inc., or to such impartial person or persons as he may designate whose determination shall be final
and conclusive upon the parties hereto. The right to dispute the reasonableness of any such demand by Landlord shall be deemed waived unless the same shall be asserted by Tenant by service of a notice in writing upon Landlord within thirty
(30) days after the giving of Landlord’s demand therefor and such waiver consequences shall be stated in bold writing in such notice. 

Section 30.04 Landlord shall obtain and keep in full force and effect (a) insurance against loss or damage by fire and other
casualty to the Building as may be insurable under then available standard forms of “all-risk” insurance policies, in an amount equal to one hundred percent (100%) of the replacement value thereof or
in such lesser amount as will avoid co-insurance (including an “agreed amount” endorsement) and (b) commercial general liability insurance in the amount which in Landlord’s reasonable
judgment is then being customarily obtained by prudent landlords of Comparable Buildings. In the event that for whatever reason, full terrorism coverage is not available in an amount and at a cost which is commercially reasonable, Landlord shall
obtain such coverage as is, in Landlord’s reasonable discretion, considered suitable under the circumstances. 
 ARTICLE 31

 Security Deposit 

Section 31.01 Simultaneously with the execution and delivery of this Lease by Tenant, Tenant has deposited with Landlord a letter
of credit (in the form required by Section 31.06 hereof) in the amount of Ten Million and 00/100 ($10,000,000.00) (the “Security Deposit”), as security for the full and faithful performance by Tenant of each and every term,
covenant, condition and agreement of this Lease or any renewals or extensions thereof on Tenant’s part to be performed; it being expressly understood and agreed that Tenant shall pay rent for the last calendar month of the term hereof or of any
renewals or extensions thereof promptly on the first day of such month. 

  
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 Provided that Tenant is not then in monetary or material
non-monetary default under this Lease beyond the expiration of any applicable notice and cure period, then upon the later of: (a) the completion of all of Tenant’s Work, free and clear of all liens
and other claims, charges and encumbrances, and in accordance with Tenant’s final plans and specifications as approved by Landlord in accordance herewith and all other applicable provisions of this Lease; and (b) August 1, 2014, the
Security Deposit shall be reduced to the sum of $5,000,000.00. Provided that Tenant is not then in monetary or material non-monetary default under this Lease beyond the expiration of any applicable notice and
cure period, then on January 1, 2017 or as soon thereafter as Tenant is in compliance, the Security Deposit shall be reduced to the sum of Three Million Five Hundred Thousand and 00/100 ($3,500,000.00). Provided that Tenant is not then in
monetary or material non-monetary default under this Lease beyond the expiration of any applicable notice and cure period, then on July 1, 2018 or as soon thereafter as Tenant is in compliance, the
Security Deposit shall no longer be required. Landlord shall cooperate with Tenant, at no cost to Landlord, in amending the letter of credit to provide for these reductions if and when eligible in accordance with the above. 

Landlord’s and Tenant’s rights to the Security Deposit, as reduced in accordance with the preceding paragraph, shall be the same as
if those sums had been provided for as the original security deposited hereunder. 
 If Tenant shall fail to perform or observe, or shall
breach or violate, any of the terms, covenants, conditions or agreements of this Lease, including but not limited to the payment of Fixed Rent or additional rent or any other charges beyond the expiration of any applicable notice and cure period
(unless Landlord is prohibited by applicable Requirements from sending any default notice in which event the expiration of any notice and cure period shall not be required), Landlord may use, apply or retain the whole or any part of such deposit to
the extent required for the payment of any such Fixed Rent or additional rent or any other sum as to which Tenant is in default or for any sum which Landlord may expend or may be required to expend by reason of Tenant’s non-performance, non-observance, breach or violation of any of the terms, covenants, conditions or agreements of this Lease, including but not limited to, any damages or
deficiency in the re-letting of the Premises, whether such damages or deficiency accrues before or after summary proceedings or other re-entry by Landlord. 

  
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 Section 31.02 Landlord shall not be required so to use or apply the whole or any
part of said deposit, but if the whole or any part thereof is so used or, applied, then, promptly after written demand therefor by Landlord, Tenant shall take the necessary action to ensure that Landlord shall have the full amount of the Security
Deposit then and in the form as required by this Lease. If Tenant shall fully and faithfully comply with all the terms, covenants, conditions and agreements of this Lease, the deposit or any balance thereof remaining shall be returned to Tenant
within (a) five (5) days after the date on which the Security Deposit is no longer required to be maintained pursuant to Section 31.01, or (b) sixty (60) days after the date fixed as the end of the Term as the same may be terminated
or extended or renewed provided that on the Expiration Date, Tenant has delivered possession of the entire Premises to Landlord. Landlord shall not be required to pay Tenant any interest on said security deposit. 

Section 31.03 In the event of a sale, transfer or lease of the parcel of Land or a sale, transfer or lease of Land and/or Building
or a sale or transfer of any such lease, Landlord may transfer or assign the security so deposited or any balance thereof remaining to the transferee or lessee, as the case may be, and Landlord shall thereupon be released from all liability for the
return of such security (except with respect to any claim that may have arisen prior to such sale, transfer or lease), and Tenant, in each such instance, shall look solely to each transferee or lessee, as the case may be, for the return of such
security, provided such transferee or lessee assumes in writing Landlord’s obligations under this Lease. It is further agreed that the provisions hereof shall apply to every such sale, transfer or lease and to every such transfer or assignment
made of such security. 
 Section 31.04 Tenant shall not assign or encumber or attempt to assign or encumber any security
deposited hereunder and neither Landlord nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. 

Section 31.05 In no event shall the security deposited hereunder be construed as liquidated damages or in any way limit
Landlord’s right to recover damages or any sum due Landlord hereunder or permitted by applicable Requirements. 

Section 31.06 The letter of credit required by this Article 31 shall be an irrevocable commercial letter of credit in the
aggregate amount from time to time required in Section 31.01, which letter of credit shall be substantially in the form attached hereto as Exhibit J and issued by a commercial bank reasonably acceptable to Landlord, payable upon the
presentation by Landlord to such bank of one or more sight drafts in substantially the form attached hereto as Exhibit J, without presentation of any other 

  
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documents, statements or authorizations, which letter of credit shall provide (i) for the continuance of such credit for a period of at least one year from the date of its issuance,
(ii) for the automatic extension of such letter of credit for additional periods of one year from the initial and each future expiration date thereof (the last such extension to provide for the continuance of such letter of credit for sixty
(60) days beyond the end of the Term) unless such bank gives Landlord notice, of its intention not to renew such letter of credit (which notice shall be addressed to Landlord as provided in this Lease) not less than thirty (30) days prior
to the initial or any future expiration date of such letter of credit and that in the event such notice is given by such bank, Landlord shall have the right to draw on such bank at sight for the balance remaining in such letter of credit and hold
such cash proceeds thereof in accordance with applicable Requirements and apply such cash proceeds thereof in accordance with the provisions of this Article 31; and (iii) if Landlord transfers its right, title and interest under this Lease to a
third party, the letter of credit shall be transferable to such third party without cost to Landlord (it being agreed that Tenant shall be responsible for all costs to transfer such letter of credit). If the financial institution which initially
issued such letter of credit enters into any form of regulatory or governmental receivership, conservatorship or other similar regulatory or governmental proceeding, including without limitation, any receivership or conservatorship initiated or
commenced by or on behalf of the Federal Deposit Insurance Corporation (FDIC), or is otherwise declared insolvent or downgraded by the FDIC or closed for any reason, Tenant shall promptly deliver to Landlord a substitute letter of credit from a
financial institution reasonably acceptable to Landlord. 
 Section 31.07 Landlord and Tenant acknowledge that a guaranty
(Guaranty) from various subsidiaries of Tenant (such subsidiaries are more specifically identified in the Guaranty and are herein referred to as the “Subsidiaries”) is being executed contemporaneously with this Lease whereby the
Subsidiaries shall guaranty the payment obligations of Tenant accruing under this Lease through August 1, 2021, provided Landlord asserts on or before October 1, 2021 any claims which have accrued on or before August 1, 2021 by
written notice as required by the Guaranty. 

  
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 ARTICLE 32 

Extension Option 

Section 32.01 (a) Provided that at the time of the exercise of the Extension Option (herein defined): (i) this Lease shall not
have been terminated; (ii) Tenant shall not be in monetary default or material non-monetary default under this Lease beyond any applicable notice and cure period; and (iii) Tenant is in occupancy of
at least seventy-five percent (75%) of the rentable area of the Premises that is being renewed, Tenant shall have the option (the “Extension Option”) to unconditionally extend the Term, as it relates to all or any portion of the
Premises that constitutes a contiguous block of two (2) full floors starting at the top or bottom of the Premises for either one five (5) year period or one ten (10) year period (but not both), commencing on the day after the
Expiration Date and ending on the fifth (5th) anniversary or the tenth (10th) anniversary of the Expiration Date, as the case may be (the “Extended Term”). Tenant shall exercise the Extension Option by written notice to Landlord
given no later than the date which is fifteen (15) months prior to the Expiration Date (TIME BEING OF THE ESSENCE as to such date) and once Tenant exercises the Extension Option, Tenant may not thereafter revoke such exercise. If any of the
conditions set forth in clauses (i) through (iii) above are not fulfilled at the applicable time, the Extension Option shall be void and of no further force or effect and Tenant shall have no further Extension Option. Landlord shall, within ten
(10) business days after Landlord’s receipt of the notice from Tenant exercising the Extension Option give Tenant a notice specifying the reasons, if any, Landlord is rejecting Tenant’s exercise of such Extension Option. 

(b) If Tenant does not exercise the Extension Option during the applicable time period specified in the preceding paragraph, the Extension
Option shall unconditionally lapse and be of no further force and effect and Tenant shall have no further Extension Option. 
 (c) The
Extended Term shall be on the same terms and conditions as are contained in this Lease with respect to the initial term, except that: (i) Tenant shall take the Premises in “as-is” condition and
Landlord shall have no obligation to make any improvements or alterations to the Premises or provide any improvement allowance to Tenant; (ii) the Fixed Rent during the Extended Term shall be equal to one hundred percent (100%) of the fair
market rent for the Premises as of the commencement of the Extended Term (the “Extension Fair Market Rent”); and (iii) Base Year Operating Expenses shall mean Operating Expenses for the Operating Year ending December 31 of
the calendar year in which the Extended Term shall commence and the Real Estate Tax Base shall mean the Real Estate Taxes for the Tax Year ending June 30 (or other applicable date) of the year in which the Extended Term shall

  
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commence. After Landlord receives Tenant’s notice that Tenant desires to exercise the Extension Option in the time period set forth above, Landlord shall deliver to Tenant Landlord’s
determination of Extension Fair Market Rent on or before six (6) months prior to the Expiration Date and the following shall apply thereto: 

Within sixty (60) days after its receipt of Landlord’s determination of Extension Fair Market Rent for the Premises
(“Landlord’s Extension FMV Notice”), Tenant shall notify Landlord whether it accepts or disputes such determination. If Tenant shall not respond to Landlord’s Extension FMV Notice within such
60-day timeframe, then Tenant’s failure to notify Landlord of acceptance or dispute of Landlord’s determination of Extension Fair Market Rent within five (5) days (TIME BEING OF THE ESSENCE)
after Tenant’s receipt from Landlord of a second similar notice shall constitute an acceptance of Landlord’s determination. In the event that Tenant disputes Landlord’s determination of Extension Fair Market Rent, Tenant shall include
in such notice its determination of Extension Fair Market Rent and in such case and failing agreement between the parties as to Extension Fair Market Rent, Landlord and Tenant shall have the Extension Fair Market Rent, determined for the Extended
Term as follows: 
 Within thirty (30) days after the date of Tenant’s notice disputing Landlord’s determination, Landlord
and Tenant shall each appoint an independent real estate appraiser (respectively, “Landlord Expert” and “Tenant Expert”) and Landlord Expert and Tenant Expert shall determine the Extension Fair Market Rent. The date
upon which the second of said experts is appointed is herein referred to as the “Arbitration Commencement Date”. If within fifteen (15) days after the Arbitration Commencement Date, Landlord Expert and Tenant Expert shall
mutually agree upon the determination (the “Mutual Determination”) of the Extension Fair Market Rent, their determination shall be final and binding upon the parties. If Landlord Expert and Tenant Expert shall be unable to reach a
Mutual Determination within said fifteen 15-day period, then within twenty (20) days after the Arbitration Commencement Date, they shall jointly appoint a third independent real estate appraiser
(“Third Expert”) who shall determine Extension Fair Market Rent on or before the date which is thirty (30) days after the Arbitration Commencement Date. If Landlord Expert and Tenant Expert cannot agree on Third Expert within
twenty (20) days after the Arbitration Commencement Date, then the Third Expert shall be appointed by the American Arbitration Association or its successor the branch office of which is located in or closest to the City of New York), upon
request of either Landlord or Tenant, or both, as 

  
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the case may be. Within ten (10) days after such appointment, the Third Expert shall determine Extension Fair Market Rent. The determination of the Third Expert, whether or not approved by
the Landlord Expert or the Tenant Expert, shall be final; provided, however, that the Third Expert shall assign a value to Extension Fair Market Rent which is one of the two determinations of Extension Fair Market Rent made by Landlord Expert and
Tenant Expert. If, for any reason whatsoever, a written decision of the Third Expert, shall not be rendered within forty-five (45) days after the Arbitration Commencement Date, then a new Third Expert shall be selected utilizing the above
procedures by which the first Third Expert was selected. In determining Extension Fair Market Rent, the experts shall give appropriate consideration to all then relevant factors prevailing as of the commencement of the Extended Term. Each party
shall pay for its own costs and expenses in connection with its selection and use of its initial expert. The parties shall share equally in the costs and expenses incurred in connection with the selection and use of the third expert. Each expert
appointed pursuant to this paragraph shall be an independent, reputable real estate appraiser with at least ten (10) years’ experience in Manhattan in leasing or valuation of properties which are similar in character to the Building and a
designated member of the Appraisal Institute (MAI). In addition to the above qualifications, the Third Expert shall not have been in the employ of Landlord or Tenant or their respective Affiliates during the preceding three (3) years. Prior to
his/her appointment, the Third Expert shall agree to be bound by the provisions hereof, including the obligation to render a determination within thirty (30) days after the date of his/her designation. The experts shall not have the power to
add to, modify or change any of the provisions of this Lease. 
 (d) In the event that Extension Fair Market Rent is not established by the
Expiration Date, then Tenant shall pay Fixed Rent at the rate that is the average of determinations provided by each of Landlord and Tenant until such Extension Fair Market Rent determination shall have occurred at which time there shall be an
equitable adjustment of the Fixed Rent payable during the Extended Term as provided for in this Lease (taking into account the Fixed Rent previously paid by Tenant during the Extended Term). 

  
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 ARTICLE 33 

Expansion Space Option 

Section 33.01 Provided that (i) this Lease shall be in full force and effect, and (ii) Tenant is not in
monetary or material non-monetary default in the performance or observance of any of the covenants, agreements, terms, provisions or conditions on its part to be performed or observed under this Lease beyond
the expiration of any applicable notice and cure period, both on the date that Tenant delivers to Landlord Tenant’s Expansion Notice (as hereinafter defined) and on the applicable Expansion Space Commencement Date (as hereinafter defined) and
subject to the provisions of this Article 33 and this Lease, Tenant shall have the option to lease the entire rentable area on the 2nd (“E2”), 3rd (“E3”) and/or the 13th (“E13”) floors of the Building (each full floor herein, an “Expansion
Space”) for a term, commencing as to E2 or E3 on July 1, 2015 (or July 1, 2020 if the tenant occupying E2 and E3 exercises its five (5)-year extension option in conformance with its lease existing as of the date hereof
(“E2&3 Option”) and if the E2&3 Option is so exercised, Landlord shall promptly notify Tenant of such exercise) and as to E13, on September 1, 2015 (each such date herein, an “Expansion Space Commencement
Date”) and ending on the Expiration Date. Tenant’s rights under this Article 33 are subject and subordinate to the E2&3 Option only and to no other option or right of offer, extension or renewal. Tenant may only exercise its option
to lease any Expansion Space as to a full floor only. Tenant may exercise its option to lease the Expansion Space, by written notice (“Tenant’s Expansion Notice”) given to Landlord no later than twelve (12) months prior to
the applicable Expansion Space Commencement Date and subject and subordinate to the E2&3 Option. If Landlord does not receive Tenant’s Expansion Notice within the time period described above (TIME BEING OF THE ESSENCE), the option granted
to Tenant by this Section 33.01 shall unconditionally lapse and be of no further force and effect and subject to Article 34 below, Landlord shall be free to lease the Expansion Space to any party it so wishes, upon any terms as Landlord, in its
sole discretion, may desire,. Notwithstanding the foregoing, if Tenant does not elect to lease E13 pursuant to this Article 33, Landlord may lease E13 to a third party without first complying with Article 34 hereof and Tenant’s Article 34
rights shall be subject and subordinate to Landlord’s right to renew or extend the term of such lease of E13 to such third party, whether pursuant to option or not. In the event that Landlord receives Tenant’s Expansion Notice within the
above-described period, Landlord shall lease said space to Tenant on the terms and conditions set forth in Section 33.02. 

Section 33.02 Any Expansion Space shall be leased to Tenant upon all the terms and conditions of this Lease except
that, effective as of the Expansion Space Commencement Date: (i) the Fixed Rent for the applicable Expansion Space shall be equal to one hundred percent (100%) of the fair market rent for the Expansion

  
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Space as of the date which is six (6) months prior to the applicable Expansion Space Commencement Date taking into account all relevant factors prevailing as of the commencement of the term
of the Expansion Space (the “Expansion Fair Market Rent”); and (ii) Base Year Operating Expenses shall be Operating Expenses for the Operating Year ending December 31 of the calendar year in which the applicable Expansion
Space Commencement Date occurs and the Real Estate Tax Base shall mean the Real Estate Taxes for the Tax Year ending June 30 (or other applicable date) of the calendar year in which the applicable Expansion Space Commencement Date shall occur.
After Landlord receives Tenant’s Expansion Notice in the time period set forth above, Landlord shall deliver to Tenant Landlord’s determination of Expansion Fair Market Rent (“Landlord’s Expansion FMV Notice”) on or
before nine (9) months prior to the applicable Expansion Space Commencement Date. If Tenant disputes Landlord’s determination of Expansion Fair Market Rent, then within thirty (30) days after Tenant’s receipt of such
determination, Tenant shall notify Landlord of such dispute and include in such notice Tenant’s determination of Expansion Fair Market Rent. Within twenty-five (25) days of Landlord’s receipt of such notice from Tenant, failing an
agreement as to Expansion Fair Market Rent, Landlord and Tenant shall each appoint an independent real estate appraiser and initiate the process provided for in Article 32 of this Lease and such provision shall apply to the determination of
Expansion Fair Market Rent for the applicable Expansion Space. If Tenant shall not respond to Landlord’s Expansion FMV Notice within the 30-day timeframe set forth above, then Tenant’s failure to
notify Landlord of acceptance or dispute of Landlord’s determination of Expansion Fair Market Rent within five (5) days (TIME BEING OF THE ESSENCE) after Tenant’s receipt from Landlord of a second similar notice shall constitute an
acceptance of Landlord’s determination. 
 Section 33.03 If any Expansion Space shall not be available for
Tenant’s occupancy on the applicable Expansion Space Commencement Date for any reason beyond the control of Landlord, including the holding over of the prior tenant, then Landlord and Tenant agree that the failure to have such Expansion Space
available for occupancy by Tenant shall in no way affect the validity of this Lease or the inclusion of such Expansion Space in the Premises or the obligations of Landlord or Tenant hereunder, nor shall the same be construed in any way to extend the
Term or impose any liability on Landlord, and for the purpose of this Article 33, the Expansion Space Commencement Date shall be deferred to and shall be the date such Expansion Space is delivered to Tenant vacant, unleased and free of occupants and
on not less than ten (10) days prior written notice. The provisions of this Section 

  
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33.03 are intended to constitute “an express provision to the contrary” within the meaning of Section 223-a of the New York Real Property
Law. Notwithstanding anything contained herein to the contrary, including the giving of the Tenant Expansion Notice, Tenant shall have the right to reject acceptance of any or all of the Expansion Space if the same shall not be delivered within six
(6) months following the applicable Expansion Space Commencement Date and if Tenant so rejects acceptance of the Expansion Premises, Tenant’s Expansion Notice will be deemed null and void and of no further force and effect and Tenant shall
have no liability to Landlord for such the Expansion Premises or the rejection thereof. Landlord shall pursue in a commercially reasonable manner remedies against any holdover tenant. 

Section 33.04 Tenant agrees to accept the Expansion Space in its condition and state of repair existing as of the
Expansion Space Commencement Date, damage by Casualty and condemnation excepted, and understands and agrees that Landlord shall not be required to perform any work, supply any materials, incur any expense or provide any improvement allowance or free
rent to Tenant to prepare such space for Tenant’s occupancy. 
 Section 33.05 If the Fixed Rent for the
Expansion Space is not determined by the Expansion Space Commencement Date, then Tenant shall pay Fixed Rent at the rate that is the average of the that which is set forth in Landlord’s Expansion FMV Notice and that which is set forth in
Tenant’s dispute notice until the Expansion Fair Market Rent determination shall have occurred at which time there shall be an equitable adjustment of the Fixed Rent payable for the Expansion Space (taking into account the Fixed Rent previously
paid by Tenant for the Expansion Space). 
 ARTICLE 34 

Right of First Offer 

Section 34.01 (a) For purposes of this Lease, the “First Offer Space” shall mean all or any
portions of the rentable area on: (i) floors 2 through 6; and (ii) E13 and the 18th floor of the Building that become available for lease (subject to Section 34.07 hereof) during
the Term. Landlord represents that the leases covering the First Offer Space with their current expiration dates and any extension, renewal or expansion options are as set forth on Exhibit L. 

  
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 (b) Provided this Lease has not been terminated and Tenant is not in monetary or material, non-monetary default under the terms and conditions of this Lease after notice and the expiration of applicable cure periods as of the date of the giving of Tenant’s First Notice (as such term is defined) and
as of the date of the First Offer Space Inclusion Date (as such term is defined), then if Landlord shall have First Offer Space available for leasing, then Landlord, before offering such First Offer Space to any third party (subject to
Section 34.07), shall offer to Tenant the right to include such First Offer Space within the Premises upon all the terms and conditions of this Lease, except that: 

(A) the Fixed Rent with respect to such First Offer Space shall be at a rate equal to 100% of the fair market rent for such First Offer Space
taking into account all relevant factors as of the First Offer Space Inclusion Date (First Offer Fair Market Rent). 
 (B) Base Year
Operating Expenses shall mean Operating Expenses for the Operating Year ending December 31 of the calendar year in which the First Offer Space Inclusion Date shall occur and the Real Estate Tax Base shall mean the Real Estate Taxes for the Tax
Year ending June 30 (or other applicable date) of the year in which the First Offer Space Inclusion Date shall occur. 
 Such offer
shall be made by Landlord to Tenant in a written notice (the “First Offer Notice”), which offer shall designate the First Offer Space, the estimated date that such space will be available for Tenant’s occupancy (the
“Estimated Inclusion Date”), and shall specify Landlord’s determination of the Fixed Rent payable with respect to any such First Offer Space. The Estimated Inclusion Date shall not be more than eighteen (18) months nor
less than five (5) months from the First Offer Notice, provided however, such five (5) month period shall be reduced to one (1) month in the event the applicable First Offer Space becomes available for lease due to an early
termination of the lease (however caused) covering such First Offer Space. 
 Section 34.02 (a) Tenant may
unconditionally (but subject to Section 34.03) accept the offer set forth in the First Offer Notice by delivering to Landlord an acceptance (“Tenant’s First Notice”) of such offer within twenty (20) business days
after delivery by Landlord of the First Offer Notice to Tenant. The First Offer Space designated in the First Offer Notice shall be added to and included in the Premises on the date such First Offer Space shall be delivered to Tenant vacant,
unleased and free of occupants (“First Offer Space Inclusion Date”). Time shall be of the essence with respect to the giving of Tenant’s First Notice. 

  
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 (b) If Tenant does not accept the First Offer Notice by delivering to Landlord
Tenant’s First Notice within the time period set forth in Section 34.02(a), Tenant shall be deemed to have unconditionally waived its rights under this Article 34 with respect to the First Offer Space designated in Landlord’s First
Offer Notice, and Landlord shall at any and all times thereafter be entitled to lease such First Offer Space designated in the First Offer Notice to others at such rental and upon such terms and conditions as Landlord in its sole discretion may
desire, whether such rental is the same as that offered to Tenant or more or less favorable. 
 Section 34.03 If
any First Offer Space shall not be available for Tenant’s occupancy on the Estimated Inclusion Date for any reason beyond the control of Landlord, including the holding over of the prior tenant, then Landlord and Tenant agree that the failure
to have such First Offer Space available for occupancy by Tenant shall in no way affect the validity of this Lease or the inclusion of such First Offer Space in the Premises or the obligations of Landlord or Tenant hereunder, nor shall the same be
construed in any way to extend the Term or impose any liability on Landlord, and for the purpose of this Article 34, the First Offer Space Inclusion Date shall be deferred to and shall be the date such First Offer Space is delivered to Tenant
broom-clean and free of any prior occupants’ personal property, vacant, unleased and free of occupants or claims to occupancy. The provisions of this Section 34.03 are intended to constitute “an express provision to the contrary”
within the meaning of Section 223-a of the New York Real Property Law. Notwithstanding anything contained herein to the contrary, including the giving of Tenant’s First Notice, Tenant shall have the
right to reject acceptance of the any or all of the First Offer Space if the same shall not be delivered within six (6) months following the Estimated Inclusion Date and if Tenant so rejects acceptance of the First Offer Space, Tenant’s
First Notice will be deemed null and void and of no further force and effect and Tenant shall have no liability to Landlord for such First Offer Space or the rejection thereof. Landlord shall pursue in a commercially reasonable manner remedies
against any holdover tenant. 

  
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 Section 34.04 In the event that Tenant disputes the amount of the
First Offer Fair Market Rent specified in the First Offer Notice, then within forty-five (45) days after Tenant’s receipt of the First Offer Notice, Tenant shall notify Landlord of such dispute and include in such notice Tenant’s
determination of the First Offer Fair Market Rent. Within twenty-five (25) days after Landlord’s receipt of such notice from Tenant, failing an agreement as to the First Offer Fair Market Rent, Landlord and Tenant shall each appoint an
independent real estate appraiser or broker and initiate the process provided for in Article 32 of this Lease, and such provisions shall apply to the determination of First Offer Fair Market Rent for the First Offer Space. If Tenant shall not
respond to the First Offer Notice within the 20-day timeframe set forth above, then Tenant’s failure to notify Landlord of acceptance or dispute of Landlord’s determination of First Offer Fair Market
Rent within five (5) days (TIME BEING OF THE ESSENCE) after Tenant’s receipt from Landlord of a second similar notice shall constitute an acceptance of Landlord’s determination of the Fixed Rent set forth in the First Offer Notice.

 Section 34.05 Tenant agrees to accept the First Offer Space in its condition and state of repair existing as of
the First Offer Space Inclusion Date, damage by Casualty and condemnation excepted, and understands and agrees that Landlord shall not be required to perform any work, supply any materials, incur any expense or provide any improvement allowance of
free rent to prepare such space for Tenant’s occupancy (which factors shall be taken into consideration in the determination of First Offer Fair Market Rent). 

Section 34.06 The termination of this Lease during the Term shall also terminate and render void all of
Tenant’s options or elections under this Article 34 whether or not the same shall have been exercised; and nothing contained in this Article shall prevent Landlord from exercising any right or action granted to or reserved by Landlord in this
Lease to terminate this Lease. None of Tenant’s options or elections set forth in this Article 34 may be severed from this Lease or separately sold, assigned or transferred. 

Section 34.07 Notwithstanding any language to the contrary contained in this Article 34, the rights granted to
Tenant hereunder shall be at all times subject and subordinate to: (i) the rights of any existing tenant (or their affiliates or successors or assigns) existing as of the date of this Lease if set forth on Exhibit L;
(ii) Landlord’s right to renew or extend the term of any leases (whether pursuant to option or otherwise) of any tenants then existing in the Building (except for the tenant occupying E13 as of the date of this Lease); (iii)
Landlord’s right to renew or extend the term of any lease with any tenant which subsequently leases all or any portion of E13, whether pursuant to option or not; and (iv) Landlord’s right to lease all or any portion of the 18th floor of the Building to Kasowitz, Benson, Torres & Friedman LLP and to renew or extend the term of such lease, whether pursuant to option or not. 

  
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 Section 34.08 If the Fixed Rent for the First Offer Space is not
determined by the First Offer Space Inclusion Date, then Tenant shall pay Fixed Rent at the rate that is the average of the that which is set forth in Landlord’s First Offer Notice and that which is set forth in Tenant’s dispute notice
until the First Offer Fair Market Rent determination shall have occurred at which time there shall be an equitable adjustment of the Fixed Rent payable for the First Offer Space (taking into account the Fixed Rent previously paid by Tenant for the
First Offer Space). 
 ARTICLE 35 

Shaft Space 

Section 35.01 Tenant shall have the right to use, during the Term at no cost to Tenant, the Shaft Space described
below (the “Shaft Space”). Tenant shall use the Shaft Space solely for: (i) telecommunications cable to connect the Premises to the telecommunications room on the basement level of the Building; and (ii) to connect the Premises
with the Roof Equipment (as defined in Article 36 hereof). The Shaft Space is and shall be contained within a reasonably direct pathway running from the Premises to the Roof Equipment and from the
4th floor of the Premises to the telecommunications room on the basement level of the Building in locations as reasonably determined by Landlord and reasonably acceptable to Tenant. Access to any
conduit closets on each such floor shall, at Landlord’s election, be restricted so that no entry to the closet will be permitted unless Landlord’s designated contractor or other representative is present (subject to Building rules and
regulations, Landlord agreeing to make such access available on 24 hours prior notice or less in the case of an emergency). Landlord may require any installation of any conduits or any cable in the Shaft Space or any connection of Tenant’s
cable or other lines to the Premises to be performed by contractors selected by Tenant and approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed. Notwithstanding anything contained herein, use of the Shaft
Space shall be at no cost to Tenant; however, all reasonable charges of such running of conduit, cable, installations, connections to and through the Shaft Space, as applicable, and the ongoing use and maintenance of such items shall be at
Tenant’s sole cost and expense. The provisions of Section 2.01(c) shall apply to the Shaft Space. Tenant shall pay to Landlord, within thirty (30) days after demand, any charges 

  
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(as set forth on Exhibit I) for any of Landlord’s personnel required in connection with Tenant’s use of or access to the Shaft Space. Any use by Tenant under this Article 35 of the
Shaft Space and cable, connecting lines or conduit shall comply with all applicable legal or insurance requirements, the other provisions of this Lease, and such Building Standard rules and regulations as are adopted by Landlord from time to time,
and shall not interfere with the operation of the Building or with the use by any other tenant of the Building or such tenant’s premises or the common areas of the Building. All required cabling, connecting lines or conduit shall be installed
out of sight. Prior to any installation of cable, connecting lines or conduit in the Shaft Space, Tenant shall obtain Landlord’s written approval as set forth in Section 5.01(e) of this Lease as if the Shaft Space were part of the
Premises. In no event may any conduit, cabling or connecting lines be run to any other service provider or any other tenant or occupant of the Building, unless expressly consented to in writing by Landlord. Landlord hereby agrees that:
(i) Tenant shall have the right to install up to four (4) two-inch (2”) conduits from each of the Building’s two (2) points of entry in diverse risers to the 4th floor portion of the Premises within the Shaft Space (eight (8) total), (ii) from the 4th floor of the Premises to the 7th floor of the Premises, Tenant shall have the right to install in the Shaft Space two (2) 2” conduits in one pathway and three (3) 2” conduits in another pathway, and (iii) from the 11th floor of the Premises to the Building’s roof, Tenant shall have the right to install one (1) 2” conduit in one pathway, all such installations and the use and maintenance of such conduits
subject to the provisions of this Article 35. 
 Section 35.02 Except as expressly provided otherwise herein,
Tenant’s obligations and Landlord’s rights under this Lease for the protection of the Building, the Underlying Indemnitees, and third parties, including, without limitation, Tenant’s obligations regarding maintenance, repairs (subject
to Tenant being afforded reasonable access), mechanic liens, insurance, indemnification, reasonable attorney fees and costs of suit, shall apply in the same fashion with respect to the use of the Shaft Space and the cable, connecting lines or
conduit described in this Article 35 as they do with respect to the use of the rest of the Premises. 

  
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 ARTICLE 36 

Roof Equipment 

Section 36.01 Landlord understands that Tenant will require: (i) communications services in connection with the
operation of Tenant’s business which would necessitate the construction, installation, operation and use by Tenant of a communication microwave dish or antenna, together with related equipment, mountings and supports (collectively, the
“Antenna”); and (ii) the use of other equipment necessary for Tenant’s operations within the Premises (“Infrastructure”), all on the roof of the Building, together with access (by means of one (1 two-inch (2”) conduit to be installed in accordance with the provisions of this Article 26) between the Roof and the Premises, subject to Building rules and regulations. The Antenna and the Infrastructure are
collectively referred to herein as the, “Roof Equipment”. Landlord will make available to Tenant roof space for the Roof Equipment in locations as reasonably determined by Landlord and reasonably acceptable to Tenant. Landlord shall
not be obligated to provide any roof space for any Roof Equipment to the extent the amount of Roof Space required would be detrimental (in Landlord’s sole but reasonable discretion) to the Building’s structure and its systems. The
electricity used by the Roof Equipment shall be measured by a separate meter, the cost of which electricity shall be borne by Tenant. All Roof Equipment shall be subject to Landlord’s approval and the location of the required pathways for the
Roof Equipment will be subject to Landlord’s approval, such approvals not to be unreasonably withheld, conditioned or delayed. In connection therewith, Landlord will make available to Tenant non-exclusive
access (subject to Building rules and regulations) to the roof for the construction, installation, maintenance, repair, operation and use of the Roof Equipment. The installation of the Roof Equipment shall constitute a Tenant’s Change and shall
be performed in accordance with and subject to the provisions of this Lease and the Roof Equipment shall for all purposes remain Tenant’s property. All of the provisions of this Lease with respect to Tenant’s obligations hereunder shall
apply to the installation, use and maintenance of the Roof Equipment, including without limitation, provisions relating to Tenant’s Changes, compliance with all legal requirements and the Building rules and regulations and insurance, indemnity,
repair, replacement and maintenance obligations. Without limiting the foregoing, if the installation of the Roof Equipment requires any other Tenant’s Changes in compliance with any applicable Requirements, then such Tenant’s Changes shall
be performed by Tenant at its sole expense. 
 Section 36.02 It is expressly understood that Landlord retains the
right to use the roof for any purpose whatsoever provided that Tenant shall have reasonable access to (subject to Building rules and regulations) and Landlord shall not adversely interfere with the use or functioning of the Roof Equipment. 

  
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 Section 36.03 Tenant’s use of the Roof Equipment shall not
adversely affect (except to an immaterial extent) any other tenant of the Building or any persons or entities in the vicinity of the Building, or damage to or interference with the Building systems or common areas or roof of the Building which is
not mitigated by Tenant to Landlord’s reasonable satisfaction. Tenant shall, at its sole expense, eliminate any such interference by either modifying the Roof Equipment or relocating the Roof Equipment to another roof location (which location
shall be determined by Landlord and reasonably acceptable to Tenant). Landlord shall use commercially reasonable efforts to enforce any agreements with other entities having equipment on the Roof so as to prevent/minimize any adverse effect on
Tenant’s Roof Equipment. Landlord, at Landlord’s sole expense, shall have the right to relocate the Roof Equipment to other locations on the roof subject to Tenant’s consent which shall not be unreasonably withheld, conditioned or
delayed, provided in no event shall such relocations cause disruption to Tenant’s business unless such disruption is mitigated to Tenant’s reasonable satisfaction. 

Section 36.04 Landlord shall not have any obligations with respect to the Roof Equipment or compliance with
applicable Requirements(all such compliance with applicable Requirements pertaining thereto being Tenant’s sole responsibility and Tenant’s sole expense) nor shall Landlord be responsible for any damage that may be caused to the Roof
Equipment by any other tenant in the Building. 
 Section 36.05 Tenant, at Tenant’s sole cost and expense,
shall maintain, repair and/or replace the Roof Equipment in good condition as Landlord shall reasonably determine and shall install such support structures, waterproofing, lightning rods or air terminals on or about the Roof Equipment as Landlord
may reasonably require in accordance with standard practice for the installation of the Roof Equipment. 

Section 36.06 Landlord shall continue to be obligated to maintain the roof and setbacks of the Building, provided
however, Tenant shall be responsible for any roof maintenance required, and for any damage caused by, the Roof Equipment or Tenant’s negligence, wrongful acts or omissions (where this Lease or applicable Requirements imposes a duty to act. 

  
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 ARTICLE 37 

Tenant’s Cafeteria 

Section 37.01 Subject to Section 5.01(e) of this Lease, Landlord will permit Tenant and Tenant shall have the
right exercisable in Tenant’s sole discretion and at Tenant’s sole cost and expense, to construct a full cooking cafeteria and private dining areas (collectively, “cafeteria”) within the Premises in a location reasonably
approved by Landlord and to install in the Premises (and for gas or electric service to such cafeteria and the exhaust from such cafeteria to the Building’s 7th Floor roof, as necessary,
appropriate portions of the Building’s core designated by Landlord) the required electrical, gas, plumbing, mechanical, exhaust, ventilation and drainage lines or systems necessary thereto, subject to: (a) Landlord’s approval of the
plans and specifications therefor, which shall not be unreasonably withheld, conditioned or delayed; and (b) Tenant’s compliance (including, without limitation, obtaining all required legal permits or similar approvals) with all applicable
Requirements or insurance requirements that may be necessary as a result of the use of the cafeteria. Tenant shall pay for all utilities consumed in connection with its use of the cafeteria either directly to the utility company or if such utility
is supplied by Landlord, to Landlord as additional rent within thirty (30) days after billing, provided any utilities supplied by Landlord shall be measured by separate meters and except for electrical energy as provided in Section 24.01
hereof, shall be at Landlord’s out-of-pocket cost without profit or mark up. The cafeteria shall be for the use of only the employees or guests of Tenant. Tenant
shall have the right to construct a cafeteria in accordance with the provisions of this Article 37 only if it notifies Landlord that it will construct the cafeteria and otherwise comply with the provisions of this Article 37 including, without
limitation, making the installations required in this Article 37 as part of Tenant’s Changes. 

Section 37.02 If the use of the Premises, as permitted by Section 37.01 hereof, requires an amendment to the
Certificate of Occupancy covering the Building, Tenant, at its sole cost and expense, shall obtain such amendment to the Certificate of Occupancy covering the Building, subject to the provisions of Section 3.04 hereof. Landlord shall cooperate
with Tenant, at no cost to Landlord, with any such amendments sought by Tenant. 
 Section 37.03 (a) Tenant shall
not have the right to sell beer, wines, liquors or other forms of alcoholic beverages in or from the cafeteria, but may permit the consumption of alcoholic beverages within the Premises only in compliance with all applicable Requirements and the
other provisions of this Lease. 

  
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 (b) Tenant hereby covenants and agrees that the business operations to be conducted by
Tenant in the cafeteria will conform with the standards of practice that are customary for first-class cafeterias located in Comparable Buildings. 

(c) Tenant may cause the cafeteria to be operated by a reputable third party cafeteria operator subject to Landlord’s reasonable
approval. 
 (d) Tenant shall pay all costs and fees including license fees and royalties required to be paid to applicable third parties
for any live or recorded entertainment or other sound reproduction for transmission within the cafeteria or elsewhere in the Premises. Tenant’s use of the cafeteria with respect to the emanation of Noise from the Premises shall be subject to
the provisions of Section 3.02(b) above. 
 (e) Tenant shall have all deliveries and servicing of the cafeteria performed at times and
in a manner so as not to disturb or inconvenience by more than an immaterial amount in the operation of the Building or any other tenants of the Building in a manner not customary for Comparable Buildings or interfere with ingress or egress to the
Building or any portion thereof. All such deliveries and servicing shall be performed in accordance with and subject to the applicable terms hereof and Tenant shall pay Landlord for any actual, out-of-pocket overtime costs incurred by Landlord in connection with such deliveries and servicing as additional rent within thirty (30) days after billing. All delivery trucks or other vehicles
servicing the cafeteria shall park or stand only in accordance with Landlord’s directives near the Building’s loading dock which directives shall equally apply to all tenants in the Building. 

(f) Tenant covenants and agrees at its own sole cost and expense: (i) to keep and maintain in good order, condition and repair,
ventilating equipment in the cafeteria which shall at all times be of adequate size and power to eliminate and remove all smoke, odors and fumes from the cafeteria, the Building, the adjacent plaza and the areas in the immediate vicinity of the
Building; and (ii) to keep the cafeteria at all times in a state of cleanliness reasonably acceptable to Landlord and do such cleaning as Landlord reasonably deems necessary or desirable. Landlord shall not unreasonably withhold, condition or
delay its consent to Tenant’s installation (as part of Tenant’s Changes and at Tenant’ sole expense) of louvers equipped with odor filters on the western 

  
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façade of the Building in locations and in number reasonably determined by Landlord. Tenant will use reasonable efforts to minimize the number of louvers used and shall install such
louvers in such a manner as to avoid “checkerboarding”. Notwithstanding anything in this Lease or in Exhibit F to the contrary, pantry exhaust fans are permitted to exhaust into the plenum. Landlord shall not unreasonably withhold,
condition or delay its consent to Tenant’s installation (as part of Tenant’s Changes and at Tenant’s sole expense) of an air conditioning unit on the 7th Floor roof and Tenant
shall, at its sole expense, be responsible for any screening for such air conditioning unit and also be responsible for any noise resulting the use of such unit. 

(g) Tenant shall, at Tenant’s own sole cost and expense, arrange for the removal of and shall cause to be removed all garbage, refuse
and rubbish (hereinafter collectively referred to as “Rubbish”) from the cafeteria. All such Rubbish shall be kept in clean sanitary containers, which containers must be kept covered until emptied into the removal vehicle. Any
“wet” Rubbish shall be stored in a refrigerated container in the cafeteria until a Rubbish removal truck comes to the Building’s loading dock to haul the same away, at which time such “wet” Rubbish shall be taken down one of
the Building’s freight elevators to such Rubbish removal truck by as sanitary a condition as possible. In the event of any default by Tenant in removing or causing to be removed such Rubbish, Landlord may, but shall be under no obligation to,
without notice or demand upon Tenant, cause such Rubbish to be removed and pay for the same, and in the event Landlord so elects, the cost thereof shall become due and payable and collectible as additional rent from Tenant within thirty
(30) days after demand by Landlord. 
 (h) Tenant shall, at its own sole cost and expense, keep the cafeteria free from cockroaches,
rats, mice and other vermin and insects, and shall if and when requested by Landlord, contract with a competent insect, rodent or vermin exterminating company for such purpose. 

(i) Tenant shall, at its own sole cost and expense, install a grease trap in the main soil line servicing the cafeteria and shall, at all
times, keep and maintain such grease trap in good order, condition and repair. Tenant shall at all times, at Tenant’s own sole cost and expense, keep and maintain all drain, waste and sewer pipes and lines which service the cafeteria, and the
connections of such pipes and lines with the mains free from grease and other obstructions. 

  
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 (j) All removal of Rubbish from the cafeteria shall be done between the hours of 6:00 PM
and 11:00 PM (exclusive of holidays). If any of these activities are conducted at other times than as prescribed above, Tenant shall pay Landlord within thirty (30) days after demand and as additional rent, Landlord’s charges as specified
on Exhibit I. 
 ARTICLE 38 

Tenant’s Signage/Lobby Desk 

Section 38.01 Tenant, in compliance with all applicable provisions hereof, shall, at Tenant’s sole expense
install plaques containing names and logos of Tenant on all four (4) sides of the existing monument sign (the “Monument Sign”) on the plaza in front of the Building on Broadway in accordance with the specifications contained
and as shown on Exhibit M attached hereto (“Tenant’s Monument Signage”). With respect to the Broadway side of the Monument Sign (on which four (4) plaques shall be allowed, but only two (2) plaques on the other three
(3) sides of the Monument Sign), Tenant’s Monument Signage shall appear on the top position (above the existing Showtime signage). With respect to the other three (3) sides of the Monument Sign, Tenant’s Monument Signage shall
appear on the top position. Notwithstanding anything to the contrary in the foregoing, any tenant, either existing (with the exception of Allianz) or future, leasing greater rentable area in the Building than Tenant shall have the right to have its
signage appear on top of Tenant’s Monument Signage on each of the four (4) sides of the Monument Sign. Tenant’s Monument Signage shall not be the exclusive signage on the Monument Sign. Landlord hereby approves Tenant’s Monument
Signage and the specifications therefor as shown on Exhibit M. Landlord shall not unreasonably withhold its consent to any modifications to Tenant’s Monument Signage. In the event that the plaza of the Building is renovated, redesigned, altered
or the like in a manner that requires the removal of the monument sign, then Landlord shall provide alternate name signage, at Landlord’s expense, to Tenant elsewhere in front of the Building and Landlord shall use reasonable efforts to
maintain the prominence of Tenant’s Monument Signage in terms of location, size and design. 
 Section 38.02
Tenant, in compliance with all applicable provisions hereof, shall, at Tenant’s sole expense install Tenant’s name on a plaque sign on one of the columns on either side of the 50th
Street entrance to the Building (“Tenant’s 50th Street Signage”) in accordance with the specifications contained and as shown on Exhibit N attached hereto.
Tenant shall have the exclusive 

  
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right to place signage on such column chosen. Landlord hereby approves Tenant’s 50th Street Signage and the specifications therefor shown
on Exhibit N. In the event that the Building is renovated, redesigned, altered or the like in a manner that requires the removal of this sign, then Landlord shall provide alternate name signage, at Landlord’s expense, to Tenant elsewhere
adjacent to the 50th Street entrance of the Building and Landlord shall use reasonable efforts to maintain the prominence of Tenant’s 50th
Street Signage in terms of location, size and design. 
 Section 38.03 Subject to compliance with all legal or
insurance requirements and the provisions of Section 5.01(e) of this Lease, Tenant may install, at Tenant’s sole cost and expense: (i) signage identifying Tenant on each full floor in which Tenant is in occupancy; and (ii) one
(1) sign identifying Tenant on each multi-tenanted floor in which Tenant is in occupancy, the location, size, design and appearance of any such signs on multi-tenanted floors shall be as reasonably approved by Landlord. Tenant, at its cost and
expense, shall maintain, repair and replace such signs under this Section 38.03 in compliance with all applicable Requirements and such standards for the Building as Landlord in its reasonable discretion may determine. 

Section 38.04 Landlord shall, at Tenant’s sole expense (which expense shall be reimbursed to Landlord within
thirty (30) days after Landlord’s delivery to Tenant of reasonable documentation supporting such expense) create a position at or near the existing 50th Street lobby desk for
Tenant’s security guard (which creation may include the relocation of Landlord’s equipment existing on or at the 50th Street lobby desk and such actual and
out-of-pocket relocation costs shall also be at Tenant’s sole expense to be reimbursed as set forth above). Tenant shall have the right to maintain a security guard
at the created position at or near the 50th Street lobby desk with all equipment required to screen access to the Premises by employees and invitees of Tenant by means consistent with
Landlord’s procedures for the Building and in furtherance thereof, Tenant shall have the right, at Tenant’ sole expense, to place a personal computer and appropriate identifying signage, which signage may include a reasonable number of the
names of Tenant’s Affiliates (subject to Landlord’s reasonable approval) at such desk. Tenant’s security guard shall be responsible for identifying to the Building representatives those employees and invitees of Tenant who are to be
granted access to the Building in accordance with Landlord’s requirements, including, if required by Landlord, the issuance of appropriate identification cards. Tenant shall be responsible for the acts or omissions (where this Lease or
applicable law imposes a duty to act) of such 

  
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security guard and at all times, such security guard shall be neatly and properly attired in a uniform reasonably approved by Landlord which may, in any event, be adorned with the logo of Tenant
and such security guard shall have the appearance and conduct himself or herself in a manner consistent with a lobby desk attendant in a Comparable Building; if such restrictions are violated, Landlord shall provide Tenant with notice providing
reasonable detail of such violation and if such violation is not cured within two (2) business days after the giving of such notice, Landlord may require such security guard to leave the lobby station until rectified, in each case, in
Landlord’s reasonable determination. Subject to the immediately preceding sentence, at Tenant’s election, Tenant may have such security guard at the lobby desk twenty-four (24) hours per day, seven (7) days per week. Tenant shall
pay for the salary and other benefits of such security guard and the security guard shall be compatible with Landlord’s union employees in the Building. No such security guard shall be armed. 

Section 38.05 Upon the Expiration Date or sooner termination of this Lease, Landlord may by notice to Tenant
irrevocably terminate all Tenant’s signage/lobby desk rights pursuant to this Article 38 and Landlord shall thereupon remove all the signs permitted under this Article 38. 

Section 38.06 No signage/lobby desk rights under this Article 38 may be separately assigned by Tenant. 

Section 38.07 All work to be provided by Landlord in connection with Article 38 shall be completed prior to
August 1, 2014. In consideration of Tenant’s plaque sign and lobby desk rights set forth in Sections 38.02 and 38.04 hereof, respectively, Tenant shall pay Landlord, commencing as of August 1, 2014 and throughout the Lease term, as
additional rent, the sum of $50,000.00 per annum payable in equal monthly installments of $4,166.67, together with Tenant’s payments to Landlord of Fixed Rent. 

ARTICLE 39 

Cellar 2 Space 

Section 39.01 Tenant shall have the option, exercisable by written notice to Landlord on or before December 1,
2013 (TIME BEING OF THE ESSENCE), to lease up to 15,000 square feet of storage space on the Cellar 2 level of the Building within the area shown hatched on the rental plan annexed hereto as Exhibit A in areas

  
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mutually agreed upon by Landlord and Tenant (collectively, the “Cellar 2 Space”). If Tenant fails to deliver such notice within the time period set forth above, Tenant’s
right to lease the Cellar 2 Space shall be deemed null and void. The Fixed Rent for the Cellar 2 Space shall consist of the following: (i) $25.00 per square foot for years 1-5 commencing on August 1,
2014; (ii) $27.50 per square foot for years 6-10; and (iii) $30.50 per square foot for the balance of the Term. Tenant shall also be responsible for the payment of its Tax Payment with respect to the Cellar 2
Space. 
 Section 39.02 The Cellar 2 Space shall be delivered to Tenant on the Term Commencement Date as part of
the Premises in its “as-is” physical condition, except for any required demising walls and for fire alarm connections. The Cellar 2 Space shall be separately submetered for electricity and delivered
with such meter or meters installed at Landlord’s expense. Tenant shall pay Landlord for such submetered electricity on the same basis as electricity that is charged for the Premises. 

Section 39.03 Tenant shall use the Cellar 2 Space for storage, mailroom, messenger, copy center and purposes
ancillary to the aforesaid only, and shall have access to the Cellar 2 Space on the same basis, on the same days and at the same hours as the Premises. All terms of this Lease applicable to the Premises shall apply also to the Cellar 2 Space;
provided, however, that: (a) Landlord shall not be required to provide any services with respect thereto and there are core bathrooms in the Cellar 2 Space (except electricity, base Building HVAC during Business Hours (and
Landlord will provide HVAC from 6:00 PM until 7:00 PM Monday through Friday, except holidays, at the rate of $300.00 per hour and Tenant may obtain HVAC on Saturdays, Sundays and holidays (as such term is defined in Section 17.01 hereof) at the
rate of $300.00 per hour in four (4) hour minimum blocks), ventilation, condenser water and a condenser water tap; provided, however that and any condenser water made available to the Cellar 2 Space shall be paid for by Tenant in accordance
with Section 17.09 of this Lease); and (b) Tenant shall not be entitled to any work to the Cellar 2 Space by Landlord, provided however, Landlord shall, in accordance with the disbursement procedures applicable to Tenant’s Allowance,
reimburse Tenant for improvement work to the Cellar 2 Space in the amount of $39.68 per square foot of the Cellar 2 Space. 

Section 39.04 Promptly after Tenant’s exercise of its option to lease the Cellar 2 Space, Landlord and Tenant
shall enter into an amendment to this Lease memorializing Tenant’s leasing of the Cellar 2 Space. 

  
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 ARTICLE 40 

Tenant’s Rights 

Section 40.01 Notwithstanding anything in this Lease to the contrary, the following rights of Tenant shall only be
applicable if both: (a) WMG ACQUISITION CORP. or its permitted Affiliates or Successor Entity is Tenant under this Lease; and (b) Tenant is then occupying for the conduct of its business at least four (4) full floors of the Premises:
(i) Tenant’s right to use the wall on the 7th floor setback and the plaza area in front of the Building pursuant to Section 1.01(d)(ii) of this Lease; (ii) Tenant’s rights
to Monument and 50th Street signage and use of the lobby desk pursuant to Sections 38.01, 38.02 and 38.04 of this Lease; (iii) Tenant’s Expansion Option pursuant to Article 33 of this
Lease; and (iv) Tenant’s Right of First Offer pursuant to Article 34 of this Lease. 
 ARTICLE 41 

Quiet Enjoyment 

Section 41.01 Landlord covenants that if and so long as this Lease shall be in full force and effect, Tenant shall
quietly enjoy the Premises without hindrance or molestation by Landlord or by any other person lawfully claiming the same, subject to the covenants, agreements, terms, provisions and conditions of this Lease and to the ground leases and/or
underlying leases and/or mortgages to which this Lease is subject and subordinate, as hereinbefore set forth. 

  
 120 

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

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

		 	Jolanta K. Bott
		 	Senior Vice President
	
	WMG ACQUISITION CORP.
	(Tenant)
		
	By:	 	 /s/ Brian Roberts

		 	Name: Brian Roberts
		 	Title: EVP & CFO

  
 121 

 RULES AND REGULATIONS 

1. The sidewalks, driveways, entrances, passages, courts, lobbies, esplanade areas, plazas, elevators, vestibules, stairways, corridors or
halls shall not be obstructed or encumbered by any tenant or used for any purpose other than ingress and egress to and from the Premises and, except in connection with events in the plaza as permitted pursuant to Section 1.01(d)(ii)(z) of the
Lease, or as otherwise permitted pursuant to the Lease, Tenant shall not permit any of its employees, agents or invitees to congregate in or otherwise interfere with the use and enjoyment of any of said areas. Fire exits and stairways are to be used
for emergency purposes only. No doormat of any kind whatsoever shall be placed or left in any public hall or outside any entry door of the Premises. 

2. No awnings or other projections shall be attached to the outside walls of the Building, except with respect to the wall on the 7th floor setback facing the 7th Floor Terrace as permitted pursuant to Section 1.01(d)(ii)(y) of the Lease. Notwithstanding the foregoing,
nothing shall be done to the wall on the 7th floor setback that would compromise the structural integrity of such wall. No curtains, blinds, shades or screens shall be attached to or hung, in, or
used in connection with any window of the Premises, without the prior written consent of Landlord which consent shall not be unreasonably withheld. Such curtains, blinds, shades or screens must be of a quality, type, design and color and attached in
the manner reasonably approved by Landlord. 
 3. Without limiting Tenant’s rights with respect to the wall (but subject to the
provisions of the second sentence of rule 2 above) on the 7th floor setback facing the 7th Floor Terrace as permitted pursuant to
Section 1.01(d)(ii)(y) of the Lease, no sign, insignia, advertisement, lettering, notice or other object shall be exhibited, inscribed, painted or affixed by any tenant on any part of the outside of the Premises or the Building without the
prior written consent of Landlord (which consent, with respect to the Premises, shall not unreasonably withheld or delayed). In the event of the violation of the foregoing by any tenant, Landlord may remove the same without any liability, and may
charge the expense incurred in such removal to the tenant or tenants violating this rule. Lettering on elevator cabs and any Building directory shall, if and when approved by Landlord, be inscribed, painted or affixed for each tenant by Landlord at
the expense of such tenant, and shall be of a size, color and style acceptable to Landlord, provided that on multi-tenanted floors, Landlord shall have approval rights over lettering on doors visible from outside the Premises. 

  
 RR-1 

 4. No bottles, parcels, or other articles be placed on the window sills or on the peripheral
air conditioning enclosures. 
 5. No showcases or other articles shall be put in front of or affixed to any part of the exterior of the
Building, nor placed in multi-tenanted halls, corridors or vestibules. 
 6. The water and wash closets and other plumbing fixtures and the
HVAC vents or registers and other HVAC fixtures shall not be used for any purposes other than those for which they were designed or constructed, and no sweepings, rubbish, rags, acids, vapors or other substances shall be thrown or deposited therein
or upon any adjoining buildings or land or the street. All damages resulting from any violation of the foregoing shall be borne by the tenant who, or whose servants, employees, agents, visitors or licensees shall have, caused the same. Except as
provided for in the Lease, any cuspidors or containers or receptacles used as such in the Premises, or for garbage or similar refuse, shall be emptied, cared for and cleaned by and at the expense of Tenant. 

7. Except as set forth in Article 5, Tenant shall not mark, paint, drill into, or in any way deface, any part of the Building. No boring,
cutting or stringing of wires shall be permitted, except with the prior written reasonable consent of Landlord, and as Landlord may direct. No telephone or other telecommunication wires or instruments shall be introduced into the Building outside of
the Premises by any Tenant except as reasonably approved by Landlord without any Landlord supervisory fee. 
 8. No motorized vehicles,
animals, fish or birds of any kind shall be brought into or kept in or about the Premises. Tenant and only its employees may bring bicycles into the Building only if they comply with the New York City LL-52
Bicycle Access to Office Buildings Law and the Bicycle Access Rules and Regulations for the Building. 
 9. No unreasonable Noise shall
disturb other tenants of the Building subject to the provisions of Section 3.02(b) of the Lease. Nothing shall be done or permitted in the Premises by any tenant that would impair or interfere with the use or enjoyment by any other tenant of
any other space in the Building except to a minimum extent. 

  
 RR-2 

 10. No tenant, nor any tenant’s servants, employees, agents, visitors or licensees,
shall at any time bring or keep upon the Premises any inflammable, combustible or explosive fluid, chemical or substance, except as set forth in Section 5.01(l) of the Lease. Nothing shall be done in the Premises which shall in Landlord’s
reasonable judgment interfere with or impair any of the Building’s equipment or systems. 
 11. Any locks or bolts of any kind which
shall not be operable by the Grand Master Key for the Building shall not be placed upon any of the doors or windows by any tenant, nor shall any changes be made in locks or the mechanism thereof which shall make such locks inoperable by said Grand
Master Key. Each tenant shall, upon the termination of its tenancy, turn over to Landlord all keys of stores, offices and toilet rooms, either furnished to, or otherwise procured by, such tenant, and in the event of the loss of any keys furnished by
Landlord, such tenant shall pay to Landlord the cost thereof. Landlord shall be afforded, upon its demand, prompt access to all machines, mechanical and/or utility rooms located within the Premises along with all keys for any locks for such rooms.

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

  
 RR-3 

 13. Tenant shall not occupy or permit any portion of the Premises to be occupied as an
office for a public stenographer or public typist, or for the possession, storage, manufacture, or sale of liquor (except for its own consumption in accordance with Article 36 of the Lease), narcotics, dope, tobacco in any form, or as a barber,
beauty or manicure shop, or as a school, or as a hiring or employment agency. Tenant shall not use the Premises or any part thereof, or permit the Premises or any part thereof to be used for manufacturing or for the sale at retail or auction of
merchandise, goods or property of any kind, except for UCC sales or similar activities in Tenant’s ordinary course of business. 
 14.
No tenant shall obtain, purchase or accept for use in the Premises ice, drinking water, food, coffee cart, beverage, towel, barbering, bootblacking, cleaning, floor polishing or other similar services from any persons except at such hours (provided
such services are available to Tenant twenty-four (24) hours a day, seven (7) days per week), in such places within the Premises, and under such regulations, as may be fixed by Landlord. It is expressly understood that Landlord assumes no
responsibility for the acts, omissions, misconduct or other activities of the purveyors of such services unless due to the sole negligence of Landlord or its agents, employees, officers or partners. 

15. Tenant is prohibited from causing any advertising of whatsoever nature that specifically disparages the Building. 

16. Landlord reserves the right to exclude from the Building during hours other than Business Hours (as defined in the foregoing Lease) all
persons connected with or calling upon tenant who do not present a pass to the Building signed by tenant. Landlord also reserves the right to exclude from the Building at any time any person whose presence in the Building shall in Landlord’s
sole judgment be a detriment to the safety or interest of the Building. Tenant shall furnish Landlord with a facsimile of such pass. All persons entering and/or leaving the Building during hours other than Business Hours may be required to sign a
register. Tenant shall be responsible for all persons to whom it issues any such pass and shall be liable to Landlord for all acts or omissions of such persons. 

17. Intentionally deleted. 
 18.
Tenant shall, at tenant’s expense, provide artificial light and electric energy for the employees of Landlord and/or Landlord’s contractors while doing janitor service or other cleaning in the Premises and while making routine repairs or
alterations in the Premises. Landlord shall be responsible for insuring that all lights are turned out upon completion of the daily janitor service work, provided in accordance with Exhibit D of the Lease. 

  
 RR-4 

 19. The Premises shall not be used for lodging or sleeping or for any immoral or illegal
purpose. 
 20. The requirements of tenants will be attended to only upon application at the office of the Building, except as otherwise
provided in this Lease. Employees of Landlord shall not perform any work or do anything outside of their regular duties, unless under special instructions from Landlord. 

21. Canvassing, soliciting and peddling in the Building are prohibited and each tenant shall cooperate to prevent the same. 

22. There shall not be used in any space, or in the public halls of the Building, either by any tenant or by any others, in the moving or
delivery or receipt of safes, freight, furniture, packages, boxes, crates, paper, office material, or any other matter or thing, any hand trucks except those equipped with rubber tires, side guards and such other safeguards as Landlord shall
require. No hand trucks shall be used in any passenger elevators. 
 23. Tenant shall not cause or permit any odors of cooking or other
processes or any unusual or objectionable odors to emanate from the Premises which would annoy other tenants or create a public or private nuisance. No cooking (except small scale microwaving) shall be done in the Premises except as is expressly
permitted in the foregoing Lease. This rule is subject to Article 36 of the Lease. 
 24. All paneling, doors, trim or other wood products
not considered furniture shall be of fire-retardant materials and certification of the materials’ fire-retardant characteristics shall be submitted to and approved by Landlord which approval shall not be unreasonably withheld, and such
materials shall be installed in a manner approved by Landlord. 
 25. All contractors rendering any service to Tenant shall be referred to
Landlord for approval (except as set forth on Exhibit E) to performing such services which approval shall not be unreasonably withheld. This applies to all work performed in the Building of whatsoever nature. Tenant shall use only the freight or
service elevator for all deliveries and only at hours prescribed by Landlord. Bulky materials (as reasonably determined by Landlord) may not be delivered during Business Hours but only thereafter. 

  
 RR-5 

 
Tenant’s contractors working in the Building must enter or exit only by way of the freight or service elevator. Any work performed by Tenant’s contractors during non-business days or during non-business hours will necessitate the use of the freight or service elevator (with operator), a security guard and a stand-by engineer, the cost of which Tenant agrees to pay Landlord unless such person is regularly employed at the Building during the time in question. 

26. Tenant shall not at any time directly or indirectly employ, permit the employment of, or contract for any service provider, contractor,
mechanic or laborer in the Premises, whether in connection with any alteration or otherwise, if such employment or contract will interfere or conflict with any other service provider, contractor, mechanic or laborer engaged in the construction,
maintenance or operation of the Building, or any part thereof, by Landlord. Upon Landlord’s demand, Tenant shall take all reasonable measures to cause all of its service providers, contractors, mechanics or laborers causing such interference or
conflict to leave the Building promptly, or shall take whatever reasonable action is requested by Landlord to end such conflict. Notwithstanding anything to the contrary in these Rules and Regulations, (i) in any case in which Landlord’s
approval is required, such approval shall not be unreasonably withheld, conditioned or delayed, (ii) all amounts payable pursuant to these Rules and Regulations shall be payable within thirty (30) days of demand, and (iii) if any
terms or conditions of these Rules and Regulations are inconsistent with the terms of the Lease, the terms and conditions of Lease shall control. 

27. Landlord reserves the right to rescind, alter or waive any rule or regulation at any time prescribed for the Building when, in its
reasonable judgment, Landlord deems such action necessary or desirable for the reputation, safety, care or appearance of the Building, or the preservation of good order therein, or the operation or maintenance of the Building, or the equipment
thereof, or the comfort of tenants or others in the Building and in all such cases, provided that such action is in keeping with Comparable Buildings. 

  
 RR-6 

 EXHIBIT A 

RENTAL PLANS 
  

 

  
 A-1 

 

 

  
 A-2 

 

 

  
 A-3 

 

 

  
 A-4 

 

 

  
 A-5 

 

 

  
 A-6 

 

 

  
 A-7 

 EXHIBIT B 

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

BEGINNING at the corner formed by the intersection of the westerly side of Broadway as widened and the northerly side of West 50th Street;
running 
 thence WESTERLY along the said northerly side of West 50th Street, 450 feet
11/2 inches to a point in a line, 100 feet East of the easterly side of 8th Avenue and parallel thereto; 

thence NORTHERLY and parallel with the easterly side of 8th Avenue, 200 feet 10 inches to the southerly side of West 51st Street; 

thence EASTERLY along the said southerly side of West 51st Street, 440 feet 111/8 inches to the intersection with the westerly side of Broadway; 
 thence SOUTHERLY
along the said westerly side of Broadway, 201 feet and 1/2 of an inch to the corner first mentioned, at the point or place of BEGINNING.

  
 B-1 

 EXHIBIT C 

FUNDAMENTAL TERMS CHART 
 1) Period from
Rent Commencement Date of floors 4,7,8,9 to the five year anniversary of the Rent Commencement Date of floors 4,7,8,9. 
  

																					
	 Floor
	    	Rentable Square
Feet	 	    	Rent PSF	 	    	Annualized Rent	 	    	ProRata Share Opex	 	  	Pro Rata Share RE Tax	 
	 4
	    	 	36,854	 	    	$	50.00	 	    	$	1,842,700.00	 	    	 	1.6285	% 	  	 	1.3944	% 
	 7
	    	 	50,221	 	    	$	56.00	 	    	$	2,812,376.00	 	    	 	2.2191	% 	  	 	1.9001	% 
	 8
	    	 	50,298	 	    	$	56.00	 	    	$	2,816,688.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 9
	    	 	50,298	 	    	$	56.00	 	    	$	2,816,688.00	 	    	 	2.2225	% 	  	 	1.9030	% 

 2) Period from the Rent Commencement Date of floors 10 & 11 to the five year anniversary of the Rent Commencement Date of
floors 4,7,8,9. 
  

																					
	 Floor
	    	Rentable Square
Feet	 	    	Rent PSF	 	    	Annualized Rent	 	    	ProRata Share Opex	 	  	Pro Rata Share RE Tax	 
	 10
	    	 	50,298	 	    	$	56.00	 	    	$	2,816,688.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 11
	    	 	50,281	 	    	$	56.00	 	    	$	2,815,736.00	 	    	 	2.2218	% 	  	 	1.9024	% 

 3) Period from five year anniversary after Rent Commencement
Date of floors 4,7,8,9 to the ten year anniversary of the Rent Commencement Date of floors 4,7,8,9. 
  

																					
	 Floor
	    	Rentable Square
Feet	 	    	Rent PSF	 	    	Annualized Rent	 	    	ProRata Share Opex	 	  	Pro Rata Share RE Tax	 
	 4
	    	 	36,854	 	    	$	55.00	 	    	$	2,026,970.00	 	    	 	1.6285	% 	  	 	1.3944	% 
	 7
	    	 	50,221	 	    	$	61.00	 	    	$	3,063,481.00	 	    	 	2.2191	% 	  	 	1.9001	% 
	 8
	    	 	50,298	 	    	$	61.00	 	    	$	3,068,178.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 9
	    	 	50,298	 	    	$	61.00	 	    	$	3,068,178.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 10
	    	 	50,298	 	    	$	61.00	 	    	$	3,068,178.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 11
	    	 	50,281	 	    	$	61.00	 	    	$	3,067,141.00	 	    	 	2.2218	% 	  	 	1.9024	% 

 4) Period from ten year anniversary after Rent Commencement Date of floors 4,7,8,9 to the fifteen year anniversary of the Rent
Commencement Date of floors 4,7,8,9. 
  

																					
	 Floor
	    	Rentable Square
Feet	 	    	Rent PSF	 	    	Annualized Rent	 	    	ProRata Share Opex	 	  	Pro Rata Share RE Tax	 
	 4
	    	 	36,854	 	    	$	61.00	 	    	$	2,248,094.00	 	    	 	1.6285	% 	  	 	1.3944	% 
	 7
	    	 	50,221	 	    	$	67.00	 	    	$	3,364,807.00	 	    	 	2.2191	% 	  	 	1.9001	% 
	 8
	    	 	50,298	 	    	$	67.00	 	    	$	3,369,966.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 9
	    	 	50,298	 	    	$	67.00	 	    	$	3,369,966.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 10
	    	 	50,298	 	    	$	67.00	 	    	$	3,369,966.00	 	    	 	2.2225	% 	  	 	1.9030	% 
	 11
	    	 	50,281	 	    	$	67.00	 	    	$	3,368,827.00	 	    	 	2.2218	% 	  	 	1.9024	% 

  
 C-1 

 EXHIBIT D 
  

									
	 

	  		  		  		 	Page 1 of 6
	  		  	Certificate of Occupancy	  		 	
	  		  		  	CO Number:	 	120534225T007

 This certifies that the premises described herein conforms substantially to the approved plans and specifications and to the
requirements of all applicable laws, rules and regulations for the uses and occupancies specified. No change of use or occupancy shall be made unless a new Certificate of Occupancy is issued. This document or a copy shall be available for
inspection at the building at all reasonable times. 
  

															
	 A.
	  	Borough:	  	 Manhattan
	 		  	 Block Number:
	  	01022	  	 Certificate Type:
	 	 Temporary

								
		  	Address:	  	 1633 BROADWAY
	 		  	 Lot Number(s):
	  	43	  	 Effective Date:
	 	08/26/2013
							
		  	 Building Identification Number (BIN):
	 	1024812	  		  		  	Expiration Date:	 	11/24/2013
								
		  		  		 		  	Building Type:	  	Altered	  		 	

  

							
		  	 This building is subject to this Building Code: 1968 Code
	  	
			
		  	 For zoning lot metes & bounds, please see
BISWeb.
	  	
				
	 B.
	  	 Construction classification:
	  	  1-B	  	 (1968 Code designation)

				
		  	 Building Occupancy Group classification:
	  	  B	  	 (2008 Code)

				
		  	 Multiple Dwelling Law Classification:
	  	   None
	  	
				
		  	 No. of stories: 48
	  	 Height in feet: 709
	  	             No. of dwelling units:
0

  

			
	 C.
	  	 Fire Protection Equipment:

		
		  	 None associated with this filing.

		
	 D.
	  	 Type and number of open spaces:

		
		  	 None associated with this filing.

		
	 E.
	  	 This Certificate is issued with the following legal limitations:

		
		  	 None

		
		  	 Outstanding requirements for obtaining Final Certificate of Occupancy:

		
		  	 There are 15 outstanding requirements. Please refer to BISWeb for further detail.

		
		  	 Borough Comments: None

  

					
	 

 Borough Commissioner
	  		  	 

 Commissioner

DOCUMENT CONTINUES ON NEXT PAGE 

  
 D-1 

 Page 2 of 6 
  

							
	 

	 	Certificate of Occupancy	  	
	 		  	 CO Number:
	  	120534225T007

 Permissible Use and Occupancy 

All Building Code occupancy group designations below are 2008 designations. 

 

													
	 Floor
From To
	  	Maximum
persons
permitted	  	 Live load
lbs per
sq. ft.
	  	Building
Code
occupancy
group 	  	Dwelling or
Rooming
Units	  	Zoning
use group	  	 Description of use

	CEL	  	650	  		  	A-1	  		  	8	  	THEATRE, THEATRE DRESSING ROOM
							
	CEL	  	117	  		  	A-3	  		  		  	PHYSICAL CULTURE ESTABLISHMENT, ATHLETIC GOODS STORE, JUICE BAR
							
	CEL	  	528	  	75	  	B	  		  	6, 3, 4	  	LOWER PLAZA, CONCOURSE PLAZA, EATING AND DRINKING
		  		  		  	M	  		  		  	ESTABLISHMENT WITHOUT RESTRICTIONS ON
		  		  		  	A-2	  		  		  	ENTETAINMENT OR DANCING (ADDITIONAL LIVE LOAD 100)
							
	CEL	  		  		  	S-2	  		  	9, 10, 12	  	RETAIL AND COMMERCIAL SPACES, MAILROOM, STORAGE, ATTENDANT PARKING GARAGE FOR FIFTY SEVEN (57) CARS, NETWORK COMPARTMENT, TELEPHONE ROOM
		  		  		  		  		  	
		  		  		  		  		  	
							
	SC1	  		  	75	  	S-2	  		  	6	  	ACCESSORY AND PUBLIC ATTENDANT PARKING GARAGE FOR SIXTY FOUR (64) CARS, ELEVATOR MACHINE ROOM, ELECTRIC SWITCHBOARD ROOM, WOMEN’S AND MEN’S LOCKER ROOMS AND TOILETS, STORAGE ROOM (ADDITIONAL LIVE LOAD
100)
							
	SC1	  	40	  		  	B	  		  		  	OFFICES
							
	SC1	  	356	  		  	A-3	  		  		  	ACCESSORY CAFETERIA AND KITCHEN
							
	SC1	  	110	  		  	A-1	  		  	8	  	THEATRE STAGE, DRESSING ROOMS, MEN’S AND WOMEN’S LOUNGES
							
	SC1	  	273	  		  	A-3	  		  		  	PHYSICAL CULTURE ESTABLISHMENT, MEN’S & WOMEN’S LOCKERS/SHOWERS, MEN’S AND WOMEN’S STEAM ROOMS
							
	SC2	  	445	  	OG	  	S-2
 B
A-2
	  		  	6, 8	  	ACCESSORY AND PUBLIC ATTENDANT PARKING GARAGE FOR SIXTY SEVEN (67) CARS, STEAM AND PUMP ROOM, OFFICES, ELEVATOR MACHINE ROOM, THEATER DRESSING ROOMS, STORAGE

  

					
	 

 Borough Commissioner
	  		  	 

 Commissioner

DOCUMENT CONTINUES ON NEXT PAGE 

  
 D-2 

 Page 3 of 6 
  

							
	 

	 	Certificate of Occupancy	  	
	 		  	 CO Number:
	  	120534225T007

 Permissible Use and Occupancy 

All Building Code occupancy group designations below are 2008 designations. 

 

															
	 Floor
From To
	  	 	  	Maximum
persons
permitted	  	 Live load
lbs per
sq. ft.
	  	Building
Code
occupancy
group 	  	Dwelling or
Rooming
Units	  	Zoning
use group	  	 Description of use

	SC3	  	 	  	130	  	OG	  	S-2	  	 	  	6, 8	  	ACCESSORY AND PUBLIC ATTENDANT PARKING GARAGE
	 	  	 	  	 	  	 	  	B	  	 	  	 	  	FOR THIRTY SEVEN (37) CARS, THEATRE LOCKER ROOMS,
	 	  	 	  	 	  	 	  	A-2	  	 	  	 	  	STORAGE, WORKSHOPS AND REHEARSAL ROOM,
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	MECHANICAL EQUIPMENT ROOM, OFFICES
								
	 MZ1
	  	 	  	 240
	  	 75
	  	 A-1
	  	 	  	 8A
	  	THEATRE WORKSHOPS, OFFICES, GREEN ROOMS, LOCKER
ROOMS, TOILETS AND STORAGE (ADDITIONAL LIVE
LOAD 100,250)
								
	001	  	001	  	750	  	100	  	B	  	 	  	6	  	PLAZA, LOBBY, BANK (ADDITIONAL LIVE LOAD 125)
								
	001	  	001	  	 	  	 	  	M	  	 	  	8A	  	COMMERCIAL & RETAIL SPACES
								
	001	  	001	  	 	  	 	  	A-2	  	 	  	3, 4	  	RESTAURANTS, THEATRE
								
	001	  	001	  	 	  	 	  	A-2	  	 	  	9, 10	  	LOBBIES, CONCESSION STORAGE
								
	001	  	001	  	 	  	 	  	 S-1
 S-2
	  	 	  	 	  	THEATRE OFFICE, GARAGE ENTRANCE, OFFICE & WAITING
ROOM TEN (10) LOADING BERTHS, STAGE ENTRANCE,
RESERVE PARKING FOR TEN (10) CARS.
								
	002	  	002	  	896	  	50	  	 B

A-1
	  	 	  	6, 8A	  	A.C. FAN ROOM, OFFICES, THEATRE STAGE, ORCHESTRA
AND DRESSING ROOMS, OFFICES, PROMENADE
AND BAR (ADDITIONAL LIVE LAOD 75,100)
(OFFICES - 146 PERSONS)
								
	003	  	003	  	502	  	50	  	 A-1

B
	  	 	  	6, 8A	  	THEATRE STADIUM, STADIUM PROMENADE, STORAGE,
DRESSING ROOMS, OFFICES, EXPANSION TANK
ROOMS (ADDITIONAL LIVE LOAD 75,100) (OFFICES -
330
PERSONS)
								
	004	  	004	  	275	  	50	  	 	  	 	  	6, 8A	  	THEATRE LOGE, BALCONY PROMENADE, REHERSAL
ROOM, MECHANICAL EQUIPMENT ROOM, STORAGE
AND OFFICES (ADDITIONAL LIVE LOAD 75,100)
(OFFICES - 330
PERSONS)

  

					
	 

 Borough Commissioner
	  		  	 

 Commissioner

DOCUMENT CONTINUES ON NEXT PAGE 

  
 D-3 

 Page 4 of 6 
  

							
	 

	 	Certificate of Occupancy	  	
	 		  	 CO Number:
	  	120534225T007

 Permissible Use and Occupancy 

All Building Code occupancy group designations below are 2008 designations. 

 

															
	
Floor
From To        
	  	Maximum
persons
permitted	  	 Live load
lbs per
sq. ft.
	  	Building
Code
occupancy
group 	  	Dwelling or
Rooming
Units	  	Zoning
use group	  	 Description of use

	005	  	005	  	315	  	50	  	A-1	  	 	  	9, 8A	  	THEATRE BALCONY, LIGHT PROTECTION ROOM,
	 	  	 	  	 	  	 	  	B	  	 	  	 	  	MECHANICAL EQUIPMENT ROOM, ELEVATOR MACHINE
ROOM, OFFICES (ADDITIONAL LIVE LOAD 75,100) (OFFICES -
330 PERSONS)
								
	006	  	006	  	420	  	50	  	B	  	 	  	6	  	OFFICES, UPPER PART OF THE THEATRE, ELEVATOR
MACHINE ROOM (ADDITIONAL LIVE LOAD 75,100)
								
	007	  	007	  	420	  	40	  	B	  	 	  	6	  	OFFICES, ROOF OVER THEATRE (ADDITIONAL LIVE LOAD 50)
								
	008	  	009	  	420	  	50	  	B	  	 	  	6	  	OFFICES, EACH FLOOR
								
	010	  	010	  	420	  	40	  	B	  	 	  	6	  	OFFICES, ROOF OVER STAGE AREA (ADDITIONAL LIVE LOAD
50)
								
	011	  	011	  	420	  	50	  	B	  	 	  	6	  	OFFICES
								
	012	  	012	  	10	  	100	  	B	  	 	  	6	  	A.C. FAN ROOM, ELEVATOR MACHINE ROOM ENGINEER’S
OFFICE
								
	013	  	016	  	420	  	50	  	B	  	 	  	6	  	OFFICES, EACH FLOOR
								
	017	  	017	  	420	  	50	  	B	  	 	  	6	  	OFFICES, TENANT DINING AREA AND LOUNGE (ADDITIONAL
LIVE LOAD 75)
								
	018	  	019	  	420	  	50	  	B	  	 	  	6	  	OFFICE ON EACH FLOOR
								
	020	  	022	  	420	  	50	  	B	  	 	  	6	  	OFFICES, ELEVATOR MACHINE ROOM EACH FLOOR
								
	023	  	026	  	420	  	50	  	B	  	 	  	6	  	OFFICES, EACH FLOOR
								
	027	  	029	  	420	  	50	  	B	  	 	  	6	  	OFFICES, ELEVATOR MACHINE ROOM EACH FLOOR

  

					
	 

 Borough Commissioner
	  		  	 

 Commissioner

DOCUMENT CONTINUES ON NEXT PAGE 

  
 D-4 

 Page 5 of 6 
  

							
	 

	 	Certificate of Occupancy	  	
	 		  	 CO Number:
	  	120534225T007

 Permissible Use and Occupancy 

All Building Code occupancy group designations below are 2008 designations. 

 

															
	
Floor
From To        
	  	Maximum
persons
permitted	  	 Live load
lbs per
sq. ft.
	  	Building
Code
occupancy
group 	  	Dwelling or
Rooming
Units	  	Zoning
use group	  	 Description of use

	030	  	033	  	420	  	50	  	B	  	 	  	6	  	OFFICES, EACH FLOOR
								
	034	  	034	  	10	  	100	  	B	  	 	  	6	  	A.C. FAN ROOM, ELEVATOR MACHINE
ROOM
								
	035	  	035	  	420	  	50	  	B	  	 	  	6	  	OFFICES
								
	036	  	036	  	570	  	20	  	B	  	 	  	6	  	OFFICES, EATING AND DRINKING ESTABLISHMENT
	 	  	 	  	 	  	 	  	A-2	  	 	  	 	  	(ADDITIONAL LIVE LAOD 75)
								
	037	  	040	  	420	  	50	  	B	  	 	  	6	  	OFFICES
								
	041	  	041	  	420	  	50	  	B	  	 	  	6	  	OFFICES, ELEVATOR MACHINE ROOM
								
	042	  	042	  	181	  	50	  	B	  	 	  	6	  	 CONFERENCE ROOMS (NON PA), OFFICES, ELEVATOR

MACHINE ROOM

								
	042	  	042	  	30	  	 	  	F-2	  	 	  	6	  	KITCHEN, STORAGE AREA
								
	042	  	042	  	299	  	 	  	A-3	  	 	  	6	  	MEETING HALL FOR 299 PEOPLE (CAFETERIA 164 PEOPLE, A-2)
								
	042	  	042	  	128	  	 	  	A-3	  	 	  	6	  	MEETING HALL
								
	042	  	042	  	125	  	 	  	A-3	  	 	  	6	  	MEETING HALL
								
	043	  	044	  	420	  	50	  	B	  	 	  	6	  	OFFICES, ELEVATOR MACHINE ROOM EACH FLOOR
								
	045	  	048	  	420	  	50	  	B	  	 	  	6	  	OFFICES, EACH FLOOR

  

					
	 

 Borough Commissioner
	  		  	 

 Commissioner

DOCUMENT CONTINUES ON NEXT PAGE 

  
 D-5 

 Page 6 of 6 
  

							
	 

	 	Certificate of Occupancy	  	
	 		  	 CO Number:
	  	120534225T007

 Permissible Use and Occupancy 

All Building Code occupancy group designations below are 2008 designations. 

 

													
	 Floor
From To
	  	Maximum
persons
permitted	  	 Live load
lbs per
sq. ft.
	  	Building
Code
occupancy
group 	  	Dwelling or
Rooming
Units	  	Zoning
use group	  	 Description of use

	RO	  	10	  	40	  	B	  		  	6	  	ELEVATOR MACHINE ROOM, COOLING TOWER, HOUSE TANK,
	F	  		  		  		  		  		  	MECHANICAL ROOM, ROOF (BULK HEAD) (ADDITIONAL LIVE LOAD 100)

 THERE SHALL BE NO CHANGE IN THE OWNERSHIP OR OPERATING CONTROL OF THE PHYSICAL CULTURE ESTABLISHMENT WITHOUT PRIOR APPLICATION
TO AND APPROVAL FROM THE BOARD. FIRE PREVENTION MEASURES SHALL BE MAINTAINED IN ACCORDANCE WITH BSA APPROVED PLANS. THE PREMISES SHALL REMAIN GRAFFITI FREE AT ALL TIMES. ALL SIGNAGE SHALL COMPLY WITH THE ZONING RESOLUTION. THE TERM OF THE SPECIAL
PERMIT SHALL BE FOR TEN (10) YEARS COMMENCING JANUARY 11, 2000, EXPIRING JANUARY 11, 2010 
 END OF SECTION 

 

					
	 

 Borough Commissioner
	  		  	 

 Commissioner

END OF DOCUMENT 

  
 D-6 

 EXHIBIT F 

CONSTRUCTION RULES AND REGULATIONS 

Paramount Group, Inc. 
 1633 Broadway, Concourse

 New York, NY 10019 
 212-489-1236 
 212-541-9028 (fax) 
 e-mail: 1633buildingoffice@paramount-group.com

 August 2013 
 BUILDING
REQUIREMENTS 
 FOR ALL CONSTRUCTION AND ALTERATION 
  

	 	1.	 Construction specifications and plans should incorporate construction rules and regulations of the building and
all contractors and sub-contractors shall conform to same. 

  

	 	2.	 Prior to construction, Landlord will require the following: 

 

	 	a.	 A telephone directory of all personnel who are pertinent to this project. 

 

	 	b.	 A completed list of all sub-contractors. 

 

	 	c.	 Original insurance certificates for all contractors and sub-
contractors, executed as per the sample that was previously forwarded. 

  

	 	d.	 An original copy of the building permit. 

 

	 	e.	 A copy of the project schedule. 

 

	 	3.	 Upon completion of the project, the landlord will require the following: 

 

	 	a.	 NYC and FDNY sign-offs on all aspects of the job. 

 

	 	b.	 A complete package of as-built drawings, shop drawings and one
(1) set of sepias, as well as a CADD disc of all as-built drawings. 

  

	 	c.	 A copy of all equipment manuals and warrantees. 

 

	 	4.	 The contractors will be required to use only freight cars for the duration of the project. No passenger cars or
stairwells are to be accessed by contractors or sub-contractors. 

  

	 	5.	 1633 Broadway is a no smoking building. This rule will be strictly enforced. 

 

	 	6.	 Spraying of lacquer or any other noxious materials is prohibited. 

  
 F-1 

	 	7.	 Materials should be dropped off on the sidewalk. All deliveries should be made directly from truck to elevator.
Contractor to remain with delivery at all times. 

  

	 	8.	 All wood entering the building should be fire-rated. 

 

	 	9.	 Hardware schedule should be submitted to landlord for keying. 

 

	 	10.	 Any noise which may be disruptive to the other tenants of the building, the definition of which will be at the
sole discretion of building management, must be performed before or after normal business hours. During business hours the General Contractor will take all necessary measures to ensure trade people are minimizing noise from rolling containers,
dragging of ladders, etc. 

 CONSTRUCTION FILING AND COMPLETION CERTIFICATES 

Tenant shall at its sole expense obtain all necessary permits prior to commencement of any work and all
sign-off/inspections immediately following the project’s completion. The attached Construction Checklist indicates the required documentation which must be provided to the Building Management Office in
order for Tenant’s construction to begin and upon completion of the construction. If the applicable Completion of Construction documentation is not received promptly upon completion of construction, the Landlord may obtain these sign-offs and
tenant shall reimburse Landlord (upon demand and as additional rent under the Lease) for all costs incurred in connection therewith. 
 DEMOLITION

  

	 	1.	 All demolition to be done before or after building office hours. 

 

	 	2.	 All rubbish removal before or after building office hours and performed by Landlord’s approved contractor.

  

	 	3.	 Tenant to pay for overtime elevator service. 

 

	 	4.	 Tenant to make arrangement with Building Manager for contractor’s use of elevator service.

  

	 	5.	 No material or equipment to be carried under or on top of elevators. 

 

	 	6.	 Before demolition starts, notify Building Engineer to shutdown sprinkler system. 

 

	 	7.	 Contact Building Management for Demolition Contractor. 

 

	 	8.	 All return air ducts should be sealed before demolition begins. 

  
 F-2 

 WALLS “MASONRY” 
  

	 	1.	 All masonry walls have a base course of cinder blocks on cement slab. 

 

	 	2.	 All masonry walls must be from slab to arch. 

 

	 	3.	 All walls to meet New York City Department of Buildings requirements. 

 

	 	4.	 All walls abutting mullions to have a channel to receive blocks, with appropriate gasketing to compensate for
any movement. 

 DRY WALLS 
  

	 	1.	 All dry wall partitions are to be constructed of steel studs and 9’ x 4’ x 5/8” sheetrock.
Sheetrock is to be installed vertically penetrating the ceiling. 

  

	 	2.	 All demising walls between tenants to sheetrock from slab to arch, spackled both sides with insulation. Walls
must be fire rated in accordance with code. 

  

	 	3.	 All corridor walls on split floors to be the same as demising walls, #2 above. 

 

	 	4.	 Steel studs to be anchored to arch and nothing else shall be shut or nailed into under floor cells. All walls
abutting mullions to have a channel to receive sheetrock, channel not to be anchored to mullions, and shall also have appropriate gasketing for movement. 

  

	 	5.	 Under induction unit enclosure at demising wall location, sheetrock must be removed. 

 

	 	6.	 All perimeter column enclosures are to be from slab to arch. 

 

	 	7.	 Sheetrock sound baffles in convector covers are acceptable are acceptable for sound attenuation between
offices. 

 ELECTRICAL 
  

	 	1.	 Home runs to be indicated on plans. Rigid conduit or thin wall tubing to be used up to the first pull box 3⁄4” minimum size. Pigtails will be allowed of no more than 3” in length. 

 

	 	2.	 Fixtures to be building standard or approved by Landlord. 

 

	 	3.	 Switches and Outlets: 

 

	 	    	 Single pole switches — 

 

	 	    	 Three-way switches — 

 

	 	    	 Wall receptacles — 

  
 F-3 

	 	4.	 All conduit to be supported by standoffs, not wired to ceiling supports. 

 

	 	5.	 All electrical boxes to be 3 11/16” x 3 11/16”. All telecommunications boxes to be 4 11/16” x 4
11/16.” No Gem boxes. 

  

	 	6.	 All unused conduit and wiring to be removed. 

 

	 	7.	 All wiring to meet building Department and Underwriters requirements. No wire molding permitted.

  

	 	8.	 All special power to be taken from main distribution board, not taken from existing building panels.

  

	 	9.	 Plans with requirements shall be submitted to Landlord to determine riser capacity. 

 

	 	10.	 Tenant to pay for all electrical design and layout costs. 

 

	 	11.	 Building mechanic to supervise all riser shutdowns. 

 

	 	12.	 All coring to be performed before 8:00am or after 6:00pm when allowed. 

TELEPHONE 
  

	 	1.	 All telephone wire to be concealed in conduit or approved Teflon-coated wires. (100% no hybrid wire which shall
be tie wrapped and independently supported.) 

  

	 	2.	 Telephone wire permitted to be run loose in periphery enclosures only and must be tie wrapped.

  

	 	3.	 All telecom work in riser closets requires Landlord approval. Riser drawings should be submitted for review
before any work is performed. 

  

	 	4.	 No telephone wire to run exposed on baseboards or walls. 

 

	 	5.	 Termination of conduit to be indicated on plans. 

 

	 	6.	 All dead wire to be removed back to its source. 

 

	 	7.	 Cable can be supported by “J” Hooks or ladder rack in an open ceiling situation.

 DOORS 
  

	 	1.	 All partitions requiring a fire rating per code shall have appropriately rated door and must be labeled
accordingly. 

 HARDWARE 
  

	 	1.	 All corridors should use building standard locksets. 

  
 F-4 

	 	2.	 All locks to be keyed and master to building. Two individual keys to be supplied to the Building Management.

  

	 	3.	 Door closers - Russwin 2800 #3 SBL finish. 

 

	 	4.	 All tenant doors shall be keyed to the buildings master key system. 

SUPERVISION 
  

	 	1.	 General Contractors to have a superintendent or foreman on premises at all times. 

 

	 	2.	 Job to be policed at all times. Laborers continually keeping space orderly. 

 

	 	3.	 Contractor to be responsible for cleanliness of all parts of area including elevators and lobbies and shall
protect accordingly as per landlord’s sole discretion. 

  

	 	4.	 Contractor to protect all periphery units and clean same at completion of job. 

 

	 	5.	 Contractor to block off grills or ducts to keep dust from entering into operating building air conditioning
system. 

 EQUIPMENT 
  

	 	1.	 No equipment is to be suspended from the reinforcing rods in arch (deck tabs). 

 

	 	2.	 Equipment to be suspended with fish plates through slab steel beams depending on weight. 

 

	 	3.	 All floor loading and steel work subject to the approval of the building structural steel engineer. Approval
obtained at Tenant’s expense. 

 WOODWORK 
  

	 	1.	 All wood to be fireproofed (New York City Affidavit of Certification) to be furnished. 

PUBLIC AREA 
  

	 	1.	 All public areas to meet New York City Department of Buildings requirements. 

  
 F-5 

 AIR CONDITIONING 
  

	 	1.	 Tenant to alter existing air conditioning ductwork or system to meet requirement of altered area.

  

	 	2.	 System to be balanced at completion of job. 

 

	 	3.	 Tenant to furnish design balancing figures and actual report to building. 

 

	 	4.	 All air conditioning components to be approved by Landlord. 

 

	 	5.	 All outside louvers, if allowed to be installed, to match existing. Sketches to be submitted prior to
installation. 

  

	 	6.	 Outside louvers, if allowed to be installed, or ductwork are to be installed in such a manner so as not to
interfere with the cleaning of windows or replacement of glass. 

  

	 	7.	 All periphery shut-off valves to be accessible at all times.

  

	 	8.	 All unused ductwork to be removed. 

 

	 	9.	 All unused equipment, such as air handling units, air conditioning units, to be removed. 

 

	 	10.	 All exhaust fan systems to be discharged to the atmosphere, not in ceilings or existing building return
air systems. 

  

	 	11.	 VAV controls should be electronic, direct digital controls (DDC). 

 

	 	12.	 Futures should be left at condenser water taps. 

 

	 	13.	 Use of portable A/C units are permissible in emergency situations and subject to Landlord approval.

  

	 	14.	 Tenant to be responsible to provide all necessary access to perimeter units or any other building M.E.P.
equipment before, during, and after any alteration project. 

  

	 	15.	 Transfer fans for pantries may discharge into the return air plenum. 

PLUMBING 
  

	 	1.	 No water riser to be shut down during building office hours. 

 

	 	2.	 All plumbing to conform to code. 

 

	 	3.	 All fixtures shall be low flow design in accordance with current LEED requirements. 

 

	 	4.	 No exposed plumbing permitted. 

 

	 	5.	 Any soil line, drain line, vent pipe or abandoned pipe or fixture no longer being used must be capped at stack
in ceiling below or above and remainder of pipe removed. 

  
 F-6 

	 	6.	 Any cold, hot, regulator, gas or hydraulic piping being abandoned must be capped at stack connecting and
remainder of pipe removed. 

  

	 	7.	 No plastic pipe permitted. 

 

	 	8.	 All unused fixtures to be returned to building. 

 

	 	9.	 Building mechanic to supervise all riser shutdowns. 

 

	 	10.	 When risers are tapped, future valve must be installed. 

VENETIAN BLINDS AND CURTAINS 
  

	 	1.	 All Venetian blinds to match existing or approved equal. 

 

	 	2.	 Mecho shades are acceptable. 

 

	 	3.	 No curtain rods to be installed in Venetian blind pockets. 

 

	 	4.	 Curtain rods shall not be supported by any part of the acoustical ceiling. 

CEILINGS 
  

	 	1.	 All ceilings shall meet all New York City Department of Buildings requirements. 

 

	 	2.	 All partitions to match existing. 

ELEVATOR SERVICE 
  

	 	1.	 Tenant to pay for all overtime freight elevator service. 

SPRINKLER SYSTEMS 
  

	 	1.	 On branch piping to sprinkler heads, “U” bends must be installed. 

 

	 	2.	 Before draining or filling sprinkler system, notify Building Engineer. 

 

	 	3.	 Any sprinkler additions, omissions, or relocation after work is complete requires that a 200# Hydro Static test
must be performed on the entire system and be witnessed by the Building Manager. 

  
 F-7 

 CLASS “E” FIRE SYSTEMS 

 

	 	1.	 If any walls are constructed that interfere with the audible sound / visual effect of existing fire alarm
speakers / strobes, such speakers / strobes shall be relocated or additional speakers / strobes installed if required. 

  

	 	2.	 Before any work is done regarding installing or relocating sprinklers, notify the Building Manager.

  

	 	3.	 Any work done on any parts of Class “E” System or parts added must conform to the building standards
of existing fire alarm system and be approved by the Building Manager. 

  

	 	4.	 If alterations to the Class “E” system require testing in the presence of the N.Y.F.D., then a pre-test involving building staff must be performed prior. 

  

	 	5.	 All testing of fire alarm system to be performed after normal business hours in coordination with Building
Management Office. 

 SCOTCHTINT 
  

	 	1.	 A solar film is installed on the inside of all windows. Landlord will repair any damaged solar film prior to
the Term Commencement Date. 

  

	 	2.	 Caution must be used during construction not to rip or damage film in any way, and any damage shall be repaired
or replaced by Tenant at Tenant’s expense using New 3M Night Vision NV-15 Sun Control Film or equal. 

PROCEDURES FOR ASBESTOS CONTROL 
  

	 	1.	 Contractor will familiarize himself/herself, and conform with all Federal, State, and local requirements with
regards to working in an environment that has been, or may become, contaminated with asbestos. 

  

	 	2.	 As a minimum requirement, contractors will adhere to the following regulations: 

 

	 	a.	 U.S.E.P.A. Regulations for Asbestos (Code of Federal Regulations Title 40, Part 61, subparts A and B)

  

	 	b.	 U.S. Department of labor — OSHA Asbestos Regulations (Code of Federal Regulations Title 29, Part 1910)

  

	 	3.	 General Contractor will contact Building Management for General Building Specifications and Approved Removal
Contractors and Testing Company. 

  
 F-8 

 EXHIBIT G 

CLEANING AND JANITORIAL SERVICES 

GENERAL: 
 All stone, ceramic, tile, marble, terrazzo and
other unwaxed or untreated flooring to be swept and mopped nightly using approved dust-down preparation; wash such flooring once a month. 
 All linoleum,
rubber, asphalt, tile, and other similar types of flooring (that may be waxed or treated) to be swept nightly using appropriate dust-down preparation; coffee spills on linoleum shall be cleaned nightly. Waxing and interim buffing shall be done at
Tenant’s expense. 
 All carpeting and rugs to be carpet-swept and vacuum-cleaned nightly; light items will be moved out of the way to accomplish such
cleaning. 
 Hand dust and wipe clean all furniture, fixtures, window sills, table tops and convector closure tops nightly; wash sills and tops when
necessary. 
 Empty, clean and damp wipe, as necessary, all waste receptacles nightly and remove from the Premises (including, but not limited to, deskside,
hallways and pantries) waste paper and waste materials. Contractor shall furnish, at its sole cost and expense, all plastic trash can liners and all plastic bags required for removal of all rubbish from the Building. Replace trash can liners and
trash bags as necessary. 
 Dust all door and other ventilating louvers within reach no less than quarterly. 

Dust, wipe and disinfect all telephones, as necessary, but not less than weekly. 

Wipe clean finger marks and scuff marks from partition wall and door surfaces as needed. 

Mop all private stairway structures nightly. 
 Wipe clean all
metal hardware and metal fixtures and other bright work nightly. 
 Wipe clean all metal elevator shaftway doors and frames as needed. 

Collect cardboard boxes and wastepaper left in the freight for disposal nightly in bins provided by Tenant. 

  
 G-1 

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

Vacuum clean peripheral induction air conditioning units semi-annually. 

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

Clean light fixtures as necessary. 
 LAVATORIES: 

sweep and wash all lavatory floors nightly using disinfectants; wipe and polish all mirrors, powder shelves, bright work, and enameled surfaces in all
lavatories nightly. 
 Scour, wash, and disinfect all basins, bowls, and urinals nightly. 

Wash both sides of all toilet seats nightly. 
 Hand dust and
clean and disinfect washing where necessary, all partitions, tile dispensers, and receptacles in all lavatories and restrooms nightly. 
 Fill toilet tissue
holders nightly (tissue to be furnished by Landlord). 
 Empty, wipe clean and disinfect sanitary disposal receptacles nightly and refill as needed. 

Wash, wipe clean and disinfect interior of wastecans and receptacles at least once a week. 

Wash, wipe clean and disinfect and polish wall tile and wall surfaces as often as necessary; in no event less than once every two weeks. Wash the wall
adjacent to the urinal wall nightly. 
 Fill soap dispensers and paper towel dispensers and toilet seat cover dispensers nightly (soap, paper towels and
toilet seat covers to be furnished by Landlord consistent with its operation of the Building as a first-class office building). 

  
 G-2 

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

HIGH DUSTING: 
 Do high dusting quarterly, which includes
the following: 
  

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

  

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

  

	X	 Dust all lighting fixtures, including plastic and glass enclosures (including restroom lighting fixtures).

  

	X	 Dust all venetian blinds or wash, as required. 

 

	X	 Dust clean all pipes, ventilating and air-conditioning louvers, ducts,
high moldings, and other high areas not reached in nightly cleaning. 

 WINDOW CLEANING: 

 

	X	 All windows from the second floor to the roof to be cleaned inside and outside approximately quarterly of each
year. 

  

	X	 Public entrance doors and lobby glass to be cleaned daily and kept in clean condition. 

  
 G-3 

 EXHIBIT H 

HEATING, VENTILATING AND AIR-CONDITIONING SPECIFICATIONS 

(a) The air conditioning system shall be capable of providing inside conditions of not more than 74 degrees Fahrenheit +/- 2 degrees
Fahrenheit dry bulb with outside conditions of not more than 95 degrees Fahrenheit dry bulb and 75 degrees Fahrenheit wet bulb. 
 (b) The
system shall be capable of delivering not less than 0.2 C.F.M. of outside air per usable square foot (which provides a minimum of 20 C.F.M. of outside air per person) and of maintaining a minimum temperature throughout the Premises of 70 degrees
Fahrenheit dry bulb when the outside temperature is 0 degrees Fahrenheit dry bulb. 
 (c) All of the foregoing performance criteria are
based upon an occupancy of not more than one person per 100 square feet of usable floor area in the Premises and upon a combined lighting and standard electrical load not to exceed 4 watts per square foot of usable floor area in the Premises. 

(d) Compliance with the foregoing criteria shall also be subject to applicable Requirements and applicable rules and regulations of
governmental bodies having jurisdiction that may now or hereafter be in effect, or to compliance with requests of governmental officials or bodies of voluntary compliance with suggested standards for the conservation of energy in office buildings in
New York City. 
 (e) The above interior conditions shall be maintained by operation of the mechanical cooling as needed regardless of
season. 
 (f) Landlord shall start the mechanical systems of the building at a sufficient time prior to 8:00 a.m. so that the specified
interior conditions are being maintained by 8:00 a.m. and shall maintain the same in accordance with the terms of the Lease throughout the Business Hours. 

(g) Landlord shall make available to the Tenant an allowance of up to 300 tons of condenser water which shall be available on a 24/365 basis.
Condenser water shall be supplied at a rate at 3 GPM/ton at 85 F and shall operate with a Delta-T of 10 F. 

(h) Core toilet exhaust shall be 705 cfm per bathroom. 

  
 H-1 

 EXHIBIT I 

2013 RATE LIST FOR TENANTS 
  

 
 1633 Broadway 

2013 Rate List for Warner Music Group 

Containers 
  

					
	 10 yard
	  	$	420.00 plus tax	 
	 20 yard
	  	$	551.25 plus tax	 
	 30 yard
	  	$	630.00 plus tax	 

 Elevator Service 

 

					
	 Freight Car
	  	$120.75 per hour	 	$157.50 per hour / holiday
	 Loading Dock
	  	$ 75.19 per hour	 	$108.15 per hour / holiday
	 For Both
	  	$195.94	 	$265.65

  

			
	 Engineer
	  	$105.00 per hour plus tax

 HVAC—Overtime

  

			
	 1C – 2C
	  	 $300.00 per hour (no tax)

	 2 – 25
	  	 $1,554.00 per hour (no tax)

	 26 – 48
	  	 $1,596.00 per hour (no tax)

		
	 Keys
	  	 $4.00 each plus tax

		
	 Porter
	  	 $58.78 per hour plus tax

		
	 Foreman
	  	 $64.06 per hour plus tax

		
	 Supervisor
	  	 $74.00 per hour plus tax

		
	 Resetting Circuit Breaker
	  	 $42.00

		
	 Rubbish Removal
	  	 $94.50 per yard plus tax

		
	 Security Guard
	  	 $69.01 overtime per hour plus tax

		
	 Sprinkler / Drain Refill
	  	 $431.55 plus tax

  
 I-1 

 EXHIBIT J 

FORM OF LETTER OF CREDIT 

Issue Date:         

Irrevocable Clean Letter of Credit No. xxxxxx 

Applicant: 
 WMG Acquisition Corp. 

75 Rockefeller Plaza 
 New York, NY 10019 

To Beneficiary: 
 Paramount Group, as Agent for 

PGREF I 1633 Broadway Tower, LP 
 1633 Broadway, Suite 1801 

New York, NY 10019 
 Ladies and Gentleman: 

We have established this clean, irrevocable and unconditional Letter of Credit in your favor as Beneficiary for drawings up to U.S. $10,000,000.00 (U.S.
Dollars Ten Million and 00/100) effectively immediately. This Letter of Credit cannot be modified or revoked without your consent. This Letter of Credit is issued, presentable and payable either by facsimile at (212)
325-8315, or in person or by recognized overnight courier at our office at Eleven Madison Avenue, 23rd Floor, New York, NY 10010, Trade Finance Services
Department, in each case by delivery of your sight draft drawn on us in the form annexed hereto as Exhibit A. Any presentation by facsimile must be followed by phone confirmation to telephone number
(212)538-1370 or (212)325-5397 or by sending the original sight draft to us by overnight delivery. 

It is a condition of this Letter of Credit that the available amount for drawings will be reduced upon our receipt from you of an executed Reduction
Certificate in the form annexed hereto as Exhibit B. 
 The term “Beneficiary” includes any successor by operation of law of the named Beneficiary
including without limitation any liquidator, rehabilitator, receiver or conservator. 
 We hereby undertake and agree to honor your sight draft(s) drawn on
us, indicating our credit No. xxxxx for all or any part of this Letter of Credit in accordance with Publication No. 590 (as hereinafter defined) after presentation of your draft drawn on us at our office specified in paragraph one on or before
the expiration date hereof or any automatically extended expiry date; provided, however, that the undersigned shall, except as provided below, not be obligated to honor any sight draft if such sight draft, when aggregated with amounts previously
drawn under this Letter of Credit, shall exceed the amount stated above; in which case, only the balance then existing shall be disbursed pursuant to such sight draft 

  
 J-1 

 Except as expressly stated herein, this undertaking and Letter of Credit are not subject to any agreement,
condition or qualification. 
 This Letter of Credit expires with the close of business
on            , 2014. 
 This Letter of Credit is deemed to be automatically extended without
amendment for one (1) year from the expiration date or any future expiration date, unless at least thirty (30) days prior to such expiration date, we notify you at your office address set forth above or any other office address of which we
are notified by you in writing by Registered Mail or Certified Mail (in each case, return receipt requested) or by Overnight Courier (with receipt) that this Letter of Credit will not be renewed for any such additional period in which event, you may
draw on us by your sight draft for the balance remaining under this Letter of Credit; provided, however, that this Letter of Credit may not be extended past August 31, 2018. 

THIS LETTER OF CREDIT IS TRANSFERABLE IN FULL AND NOT IN PART AND MAY BE SUCCESSIVELY TRANSFERRED AND CREDIT SUISSE AG (OR ITS SUCCESSOR) IS ONLY AUTHORIZED
TO ACT AS THE TRANSFERRING BANK. SHOULD YOU WISH TO EFFECT A TRANSFER UNDER THIS CREDIT, SUCH TRANSFER WILL BE SUBJECT TO THE RETURN TO US OF THE ORIGINAL CREDIT INSTRUMENT, ACCOMPANIED BY OUR FORM OF TRANSFER, EXHIBIT C ATTACHED HEREUNDER, PROPERLY
COMPLETED AND SIGNED BY AN AUTHORIZED SIGNATORY OF YOUR FIRM, BEARING YOUR BANKERS STAMP AND SIGNATURE AUTHENTICATION. THIS LETTER OF CREDIT MAY NOT BE TRANSFERRED TO ANY PERSON WITH WHOM U.S. PERSONS ARE PROHIBITED DOING BUSINESS UNDER U.S. FOREIGN
ASSETS CONTROL REGULATIONS AND UNDER APPLICABLE U.S. LAWS AND REGULATION. 
 ALL TRANSFER CHARGES ARE FOR THE ACCOUNT OF THE BENEFICIARY. 

This Letter of Credit is subject to and governed by the Law of the State of New York and the International Standby Practices 1998 (ISP), International Chamber
of Commerce Publication No. 590 (“Publication No. 590”) and in the event of any conflict, the Law of the State of New York will control. If this Letter of Credit expires during an interruption of business as described in Rule
3.14(a) of said Publication No. 590, we hereby specifically agree to effect payment if this Letter of Credit is presented within thirty (30) days after the resumption of business. 

Very truly yours, 

  
 J-2 

 EXHIBIT A 

SIGHT DRAFT 
 CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH 
 11 MADISON AVENUE 
 23RD FLOOR 
 NEW YORK, NEW YORK 10010 

ATTENTION:    TRADE FINANCE/SERVICES DEPARTMENT 

Letter of Credit No.
:                                         
                                         

Date of Letter of
Credit:                                        
                                      

Date of this
Draft:                                        
                                         
         
 To the order of Paramount Group, Inc., as Agent for 

PGREF I 1633 Broadway Tower, L.P. 
 Pay
                                         
                                         
   ($                        ) 

At Sight 
 For value received under Letter of Credit
No.                              

This Draft is payable by wire transfer (to the bank specified by the beneficiary). 

 

			
	Paramount Group, Inc., as Agent for
	PGREF I 1633 Broadway Tower, L.P.
		
	By:	 	  

		 	Name:
		 	Title:

  
 J-3 

 EXHIBIT B 

REDUCTION CERTIFICATE 
 CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH 
 11 MADISON AVENUE 
 23RD FLOOR 
 NEW YORK, NEW YORK 10010 

ATTENTION:    TRADE FINANCE/SERVICES DEPARTMENT 
  

	RE:	 IRREVOCABLE STANDBY LETTER OF CREDIT NO.
TS-0700    . 

 LADIES AND GENTLEMEN: 

The Tenant, WMG Acquisition Group (or any permitted assignee or successor), is not in monetary or material
non-monetary default under the Lease dated as of September    , 2013 and any other condition in the Lease required for the reduction of the above-referenced Letter of Credit has been
satisfied. As such, we authorize Credit Suisse AG to reduce the amount available for drawings under the above referenced Letter of Credit by $            to
$            as of            . 
  

			
	Paramount Group, Inc., as Agent for
	PGREF I 1633 Broadway Tower, L.P.
		
	By:	 	  

		 	Name:
		 	Title:

  
 J-4 

 EXHIBIT C 

FORM OF TRANSFER 
 FULL TRANSFER
OF IRREVOCABLE LETTER OF CREDIT NO. TS-0700    . 
 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 

11 MADISON AVENUE 
 23RD FLOOR 
 NEW YORK, NEW YORK 10010 

ATTENTION:    TRADE FINANCE/SERVICES DEPARTMENT 
  

	RE:	 IRREVOCABLE STANDBY LETTER OF CREDIT NO.
TS-0700    . 

 LADIES AND GENTLEMEN: 

FOR VALUE RECEIVED, THE UNDERSIGNED BENEFICIARY HEREBY IRREVOCABLY TRANSFERS TO: 
  

	
	  

[NAME OF TRANSFEREE]

	
	  

[ADDRESS]

 ALL RIGHTS OF THE UNDERSIGNED BENEFICIARY TO DRAW UNDER THE ABOVE-CAPTIONED LETTER OF CREDIT (THE “LETTER OF
CREDIT”). 
 BY THIS TRANSFER, ALL RIGHTS OF THE UNDERSIGNED BENEFICIARY IN THE LETTER OF CREDIT ARE TRANSFERRED TO THE TRANSFEREE AND THE TRANSFEREE
SHALL HEREAFTER HAVE THE SOLE RIGHTS AS BENEFICIARY THEREOF, PROVIDED THAT NO RIGHTS SHALL BE DEEMED TO HAVE BEEN TRANSFERRED TO THE TRANSFEREE UNTIL SUCH TRANSFER COMPLIES WITH THE REQUIREMENTS OF THE LETTER OF CREDIT 

PERTAINING TO TRANSFERS. 
 ADVICE OF FUTURE AMENDMENTS: YOU ARE
HEREBY IRREVOCABLY INSTRUCTED TO ADVISE FUTURE AMENDMENT(S) OF THE CREDIT TO THE TRANSFEREE WITHOUT THE TRANSFEROR’S CONSENT OR NOTICE TO THE TRANSFEROR. 

THE LETTER OF CREDIT IS RETURNED HEREWITH AND IN ACCORDANCE THEREWITH WE ASK THAT THIS TRANSFER BE EFFECTIVE AND THAT YOU TRANSFER THE LETTER OF CREDIT TO OUR
TRANSFEREE. 
  

	
	 VERY TRULY YOURS,
  

	
                      
                                         
             
  

(TRANSFEROR’S NAME AND SIGNATURE)

  
 J-5 

 SIGNATURE GUARANTEED: 

TRANSFEROR’S SIGNATURE IS GUARANTEED 
 BANK’S
NAME:                          

BY:                         
     
 PRINTED NAME:
                     TITLE:                  
        

  
 J-6 

 EXHIBIT K 

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

1. Operating Expenses as used in Article 26 shall mean the aggregate of all those costs and expenses (and taxes, if any thereon) paid or
incurred by or on behalf of Landlord (whether directly or through independent contractors) without any duplication in respect of the operation, maintenance and management of the Land and/or the Building and the sidewalks and areas adjacent thereto
(herein called the “Operation of the Property”) which, in accordance with the generally accepted accounting practice used by the Landlord (and which is in accordance with sound management principles for the operation of Comparable
Buildings), are properly chargeable to the Operation of the Property, together with and including, but not by way of limitation, the cost of electricity (including any taxes paid thereon) used in operating all Building equipment and servicing common
areas of the Building, which cost shall be determined (if such electricity is not separately metered) on the basis of an electrical survey of such equipment and common area facilities and the then prevailing rates, provided however, the cost of such
electricity shall be equal to Landlord’s actual, out-of-pocket cost without profit or mark-up except at the rate determined
in Section 24.01 hereof, and financial expenses incurred in connection with the Operation of the Property such as insurance premiums and legal, auditing, management and other professional fees and expenses, but specifically excluding
(a) Real Estate Taxes, as defined in Section 26.01(a) and any penalties or late fees in connection therewith, (b) franchise, estate, inheritance or income taxes imposed on the Landlord and any penalties or late fees in connection
therewith, (c) debt service payments, interest and any other charges payable in connection with any mortgages encumbering the Building or the Land, (d) all leasing costs, including without limitation, leasing and brokerage commissions and
similar fees (including appraisals) as well as accounting and appraisal fees relating to determinations of fair market rent , (e) the cost of electrical energy furnished directly to tenants of the Building (f) the cost of electrical energy and
condenser water provided during overtime periods consumed in any space within the Building leased or available for 

  
 K-1 

 
lease to tenants, (g) the cost of removing, remediating, abating or otherwise treating asbestos (including vermiculite) and any other Hazardous Materials or wastes from the Building or Land,
but the costs of inspecting, testing and surveying for same may be included within Operating Expenses, (h) cost of tenant installations, improvements and decorating incurred (whether as result of work performed by Landlord or payment to the
tenant) in connection with preparing space for a tenant and other costs of refurbishing tenant’s space or of preparing any space for lease or lease renewal or addition to a tenant’s lease (and any takeover obligations or rent payments
under any agreement assumed by Landlord), (i) legal, accounting, auditing, architectural, space planning and other professional expenses incurred in connection with any negotiation of, or disputes arising out of, lease or proposed lease in the
Building or enforcing obligations of tenants under leases or payments made to tenants to take over leases, (j) depreciation or amortization of the Building or its equipment (except as expressly provided for in this Lease), (k) expenses incurred
by Landlord for the repair of insured damage to the Building (but the deductible amount shall be included in Operating Expenses but only if such deductible is comparable to deductibles in Comparable Buildings) and other reimbursable costs for which
Landlord is reimbursed by its insurance carrier (or would have been so reimbursed but for Landlord’s failure to maintain insurance covering the Building) or any other third party, (l) ground lease rent on any ground lease or superior lease
and interest, principal, points and fees, amortization or other costs incurred with respect to any sale or acquisition, mortgage, loan or refinancing of the Building or Land or of any air rights, transferable development rights, easements or other
real property interests and/or any interests therein, or in any person or entity of whatever tier or level owning an interest therein (m) all costs associated with installing, operating and maintaining any specialty facility such as an
observatory, broadcasting facilities, luncheon club, athletic or recreational club, child care or similar facility, auditorium, cafeteria or dining facility or conference center and all costs of reconfiguring or making any additions to, or building
additional stories on, the Building or its plazas, or adding buildings or other structures adjoining the Building, or connecting the Building to other structures adjoining the Building, (n) costs incurred in performing work or furnishing
services for any tenant to the extent that Tenant would have to pay a separate charge therefor if Landlord were providing the service to Tenant (e.g., overtime air conditioning), (o) capital improvements, except however that if any capital
improvement results in reducing any Operating Expenses (as, for example, a labor-saving improvement), then with respect to the calendar year in which the improvement is made and each subsequent 

  
 K-2 

 
calendar year during the term of the Lease, Landlord may include in Operating Expenses the amortized (over the useful life of such improvement) cost of such capital improvement (plus interest at
an annual rate equal to Landlord’s then actual, out-of-pocket cost of funds) but not in excess, in any Operating Year, of the amount by which the Operating Expenses
have been directly reduced by reason of such capital improvement for such Operating Year until the cost thereof (plus commercially reasonable, actual, out-of-pocket
interest) has been fully recouped by Landlord. If any capital improvement made or purchased in compliance with any law or governmental regulation enacted or taking effect after the date hereof, including any amendments to existing laws and
regulations, then with respect to the calendar year in which the improvement is made or purchased and each subsequent calendar year (and any fraction thereof) during the term of the Lease (to the extent that such improvement is being amortized
during the balance of the Lease term and Landlord agrees to amortize the cost of any such improvement over the longest useful life thereof in accordance with generally accepted accounting principles consistently applied), Landlord may include in
Operating Expenses an amount equal to the reasonable annual amortization of such cost; (p) the cost of any service furnished to any tenant or occupant of the Building which Landlord does not make available to Tenant, (q) costs of
correcting or repairing any structural or latent defects or any damages caused by Landlord or any Landlord Parties or by any other person, (r) salaries, including without limitation, wages, fringe benefits and all other compensation of any
personnel above the grade of Building manager, (s) any amount paid to an Affiliate or other related entity which is in excess of the amount which would be paid in the absence of such relationship, (t) management fees in excess of 3% of the
gross revenues collected from the Building, (u) all costs associated with Landlord’s political, civic or charitable contributions, (t) debt losses, debt reserves, rent loss or rent reserves, and any and all other additions to Building
reserves, (v) costs for acquiring, leasing, installing, maintaining, displaying, protecting, insuring, restoring or renewing works of art, (w) costs related to withdrawal liability or unfunded pension liability, (x) the rental value
of any space in the Building used by Landlord as its corporate headquarters (as opposed to a management or leasing office) and the cost of constructing, furnishing and/or equipping the same, (y) any cost and expenses related to retail space in
the Building and (z) the cost of utilities directly metered to tenants of the Building and payable separately by such tenants as well as the cost of acquiring or replacing any separate electric meter Landlord may provide to tenants of the
Building measuring electricity in such tenants’ premises. The preceding provisions shall not impose any obligation upon Landlord to incur such expense 

  
 K-3 

 
or provide such service. If Landlord is not furnishing any particular work or service (the cost of which if performed by Landlord would constitute an Operating Expense) to a tenant who has
undertaken to perform such work or service in lieu of the performance thereof by Landlord, Operating Expenses shall be deemed increased by an amount equal to the additional Operating Expenses which would reasonably have been incurred during such
period by Landlord if it had at its own expense furnished such work or service to such tenant, provided such service is also being provided Tenant. Operating Expenses shall include expenses paid or incurred on account of work, labor, services or
materials or other property furnished for the purposes mentioned herein by any contractor or other party that shall be directly or indirectly affiliated with or otherwise related to Landlord (whether by stock ownership, common officers or directors
or otherwise), provided, however, that such sums do not exceed the sums charged by independent contractors for furnishing like labor, services, materials or other property to first class office buildings in the midtown Manhattan area. 

The following items shall also be excluded from Operating Expenses: 

1. leasing costs (including leasing and brokerage commissions and similar fees, marketing and advertising, entertainment and promotional
expenses with respect to the Building or the leasing of space therein, lease takeover or rental assumption obligations, architectural costs, engineering fees and other similar professional costs and legal fees in connection with lease negotiations)
and the cost of tenant improvements or tenant allowances or inducements made for tenants of the Building (including permit, license and inspection fees and any other contribution by Landlord to the cost of tenant improvements); 

2. expenses and disbursements relating to disputes with Tenant and other tenants or other occupants of the Building and/or the enforcement of
leases, including court costs, accounting fees, auditing fees, attorneys’ fees and disbursements and any other amount incurred in connection with any summary proceeding to evict or dispossess any tenant; 

3. interest on, amortization of and any other charges in respect of mortgages and other debts; 

4. costs of overtime and/or supplemental Building HVAC Systems and condenser water or chilled water supplemental systems consumed in or
furnished to the Premises or any other area in the Building leased to other tenant(s) which are directly charged to Tenant or to such other tenant(s); 

  
 K-4 

 5. any expenses which are not paid or incurred in respect of the Land and Building but
rather in respect of other real property owned by Landlord, provided that with respect to any expenses attributable in part to the Land and Building and in part to other real property owned or managed by a Landlord Party related entity
(including salaries, fringe benefits and other compensation of a Landlord related entity’s personnel who provide services to both the Land and Building and other properties), Operating Expenses shall include only such portion thereof as are
apportioned by Landlord to the Land and Building on a fair and equitable basis; 
 6. costs incurred with respect to a sale or transfer of
all or any portion of any interest of the Land or in any Person of whatever tier owning an interest therein; 
 7. costs incurred in
connection with the acquisition or sale of transferable development rights; 
 8. the rental cost of items which (if purchased) would be
capitalized and excluded from Operating Expenses, except if the cost of such items (if purchased) would be included in Operating Expenses pursuant to Article 26; 

9. amounts otherwise includable in Operating Expenses but reimbursed to Landlord directly by Tenant or other tenants (other than through
provisions similar in substance to this Exhibit); 
 10. the cost of repairs or replacements or restorations by reason of Casualty or
condemnation to the extent Landlord receives compensation through the proceeds of insurance or by the condemning authority (except as specifically required by this Lease to be paid by Tenant) or to the extent to which Landlord would have been
compensated through insurance proceeds had Landlord maintained the insurance required by other owners of Comparable Buildings in midtown Manhattan; 

11. all costs of Landlord’s general corporate and general administrative and overhead expenses (except as to other items specifically
permitted hereunder to be included in Operating Expenses); 

  
 K-5 

 12. all costs, including the cost of repair made by Landlord to remedy damaged caused by, as
well as the cost of any judgment, settlement or arbitration award resulting from, any liability of Landlord for negligence or willful misconduct or improper acts of Landlord or Landlord Parties; 

13. expenses of relocating or moving any tenant(s) of the Building; 

14. commercial rental and occupancy tax; 

15. costs arising from, or attributable to, Landlord’s negligence or willful misconduct (including, without limitation, costs and
expenses arising from Landlord’s indemnity obligations under this Lease with respect to such negligence or willful misconduct); 
 16.
attorney’s fees and disbursements incurred by Landlord in connection with the negotiation of any superior lease or mortgage; 
 17.
attorneys’ fees incurred by Landlord in connection with any disputes arising under the existing mortgage; 
 18. all costs incurred by
Landlord with respect to goods and services (including utilities sold and supplied to tenants and occupants of the Building) to the extent that Landlord shall be entitled to reimbursement from any tenant in the Building, including Tenant, for the
cost of like goods and services furnished to Tenant pursuant to this Lease other than in the nature of Operating Expenses; 
 19. all
rentals of capital equipment to the extent the same would have been an Operating Expense if such equipment were purchased; and 
 20. any
costs or expenses for repairs or maintenance which are covered by warranties and service contracts and such expenses are reimbursed to Landlord pursuant thereto. 

21. Any operating expenses attributable to the retail portions of the Building. 

  
 K-6 

 2. In determining the Base Year Operating Expenses and the amount of Operating Expenses for
each subsequent Operating Year, if less than 95% of the rentable square-foot area of the office portion of the Building shall have been occupied by tenants at any time during the Base Year and the Operating Year, Operating Expenses shall be deemed
for such Base Year and Operating Year to be an amount equal to the like expenses which would normally and reasonably be expected to be incurred had such occupancy been 95% throughout such Base Year and Operating Year. In the event that Landlord
shall add new services or shall supplement existing services thereby increasing Operating Expenses, the cost of the same shall be added to the Base Year. 

  
 K-7 

 EXHIBIT M 

MONUMENT PLAZA SIGNAGE 
  

 

  
 M-1 

 

 

  
 M-2 

 EXHIBIT N 

50TH STREET SIGNAGE 
  

 

  
 N-1 

 EXHIBIT P 

7th FLOOR TERRACE 

 
 

 

  
 P-1 

 EXHIBIT Q 

7th FLOOR TERRACE 

RULES AND REGULATIONS 
 Tenant’s use
of the 7th Floor Terrace is expressly subject to the following terms and conditions: 
 (a) Tenant represents that its use of the 7th Floor
Terrace will at all times comply with all laws, ordinances, codes, rules or regulations of any governmental authority; 
 (b) Tenant
acknowledges that its use of the 7th Floor Terrace is at Tenant’s sole risk and Tenant acknowledges that Landlord shall not provide any security or patrol such 7th Floor Terrace in any way whatsoever; 

(c) Any such property on the 7th Floor Terrace shall be at Tenant’s sole risk. Tenant further agrees not to place persons or property on
the 7th Floor Terrace in excess of the authorized weight permitted on such 7th Floor Terrace as may be determined in the reasonable discretion of Landlord from time to time; 

(d) Tenant covenants that the door leading to the 7th Floor Terrace shall at all times be kept closed and Tenant covenants that the use of
such 7th Floor Terrace will in no way interfere with the proper functioning of the heating, ventilating and air conditioning systems of the Building; 

(e) Tenant shall be required to remove snow or ice from the 7th Floor Terrace; 

(f) Tenant shall be responsible for the cleaning of the 7th Floor Terrace and for the proper removal of any items advertently or inadvertently
left on the 7th Floor Terrace by Tenant; 
 (g) Tenant shall be responsible for reimbursement to Landlord of all reasonable costs and
expenses incurred by Landlord in connection with the repair and maintenance of the 7th Floor Terrace and adjoining areas, the need for which was caused or required by virtue of Tenant’s use thereof, subject to Landlord’s rights of access
under this Lease (but not including the costs of any repairs caused by the negligence of Landlord or Landlord’s agents); 

  
 Q-1 

 (h) Tenant agrees to properly safeguard and secure the 7th Floor Terrace and all items and
materials thereon and to at all times, use reasonable efforts to prevent any persons or property from falling, dropping or being thrown from the 7th Floor Terrace. In furtherance of the foregoing, no children under the age of eighteen
(18) shall be allowed on the 7th Floor Terrace unless accompanied by an adult; 
 (i) Tenant covenants Tenant will not store any
materials whatsoever on the 7th Floor Terrace; and 
 (j) Tenant shall obtain commercial general liability insurance required to be
maintained pursuant to this Lease that will cover Tenant’s use of the 7th Floor Terrace. 

  
 Q-2 

 EXHIBIT R 

FORM OF CONDITIONAL PARTIAL LIEN WAIVER 

AFFIDAVIT AND PARTIAL WAIVER OF LIEN 
  

			
	
Owner:                  
                                         
                             
	  	
	
Project:                 
                                         
                              
	  	
	
Contractor:                 
                                         
                        
	  	
	
Requisition#:                
                                         
                      
	  	Date of
		  	Requisition:

 AFFIDAVIT OF PAYMENTS MADE BY CONTRACTOR

  

			
	STATE OF NEW YORK	  	Date of Previous Requisition:                 
	County of                     	  	Name of
Officers                                     , 
		
	duly sworn deposes and says:	  	

 “I am the (office
held)                , of (Contractor)                . I make this affidavit for the
purpose of including                to make partial payment to us for work, labor, and services performed and/or material furnished, as set forth on our requisition
dated                . 
 All claims for labor and materials furnished by us
or our subcontractors or vendors in connection with our work on this project to the date of our last preceding requisition have been paid, including any and all applicable sales or use taxes, and there are no items or claims with respect thereto.

 WAIVER OF LIEN 
 The
undersigned contractor for                and other good and valuable consideration received by it, hereby waives and releases all liens or rights of lien now existing
for work, labor or materials furnished to                , the date of the above referenced requisition, with respect to the above designated project. The undersigned
contractor further covenants and agrees that it shall not in any way claim or file a mechanic’s or other lien against the premises on which the above designated Project is located, or any part thereof, or against any fund applicable thereto for
any of the work, labor or materials heretofore furnished by it in connection with the improvement of the said premises, 
 This waiver of liens rights for a
partial payment is conditioned upon receipt of such payments by the undersigned unless otherwise required by the prime contract. 

  
 R-1 

 IN WITNESS WHEREOF, the undersigned has hereto set its hand and seal
this            day of                . 

 

	
	  

(Corporate Name)

	
	  

(Authorized Signature)

	
	  

(Title)

  
 R-2

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