Document:

EX-10.2

 Exhibit 10.2 
 SERVICES AGREEMENT, dated as of March 15, 2013, by and between Seer Mortgage Capital Advisor LLC, a Delaware limited liability company (the “Manager”) and Seer Capital Management LP,
a Delaware limited partnership ( “Seer Capital”). 
 WITNESSETH: 

WHEREAS, the Manager has entered into a management agreement (as such agreement may be amended from the to time, the
‘‘Management Agreement”), dated as of March 15, 2013, between Seer Mortgage Capital, Inc. (the “Company”) and the Manager; and 
 WHEREAS, Seer Capital desires to provide such services, including personnel, services and resources, to the Manager as shall be necessary to enable the Manager to perform its duties under the Management
Agreement. 
 NOW THEREFORE, in consideration of the foregoing premises, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 
 1. Agreement to Provide Services. Seer Capital agrees to provide the Manager with such personnel, services and resources, and to take all other commercially reasonable actions, as shall be
necessary or advisable to enable the Manager to perform all of its duties, obligations and agreements under the Management Agreement. 
 2. Third Party Beneficiary. Seer Capital and the Manager each understands and agrees that the provisions of Section 1 of this Agreement are for the direct benefit of the Company, and each of
them hereby designates the Company as a named third party beneficiary of this Agreement. Seer Capital acknowledges and agrees that the Company shall have, as a non-exclusive remedy, a direct right of action against Seer Capital in the event of any
breach by the Manager of any of its duties, obligations or agreements under the Management Agreement that arise out of or result from any breach by Seer Capital of its obligations hereunder. 

3. Term. This Agreement will terminate upon the termination of the Management Agreement. 

4. Fees. As consideration for the performance by Seer Capital of its duties and obligations under this Agreement, the Manager
shall pay Seer Capital fees in an amount equal to [    ]% of the quarterly Base Management Fee amounts received by the Manager pursuant to the Management Agreement. Such fees shall be payable by the Manager to Seer Capital in
cash within ten (10) days after receipt by the Manager of the quarterly Base Management Fee Amounts. In addition, in the event the Management Agreement is terminated or not renewed and the Manager receives any termination fee as a result of
such termination or non-renewal in accordance with the terms of the Management Agreement, Seer Capital will be entitled to receive [    ]% of any such termination fee, payable in cash within ten (10) days after receipt by
the Manager of the termination fee payment. 
 5. Assignments. This Agreement may not be assigned by any party hereto, in
whole or in part, and shall terminate automatically in the event of any such assignment, unless such assignment is consented to in writing by the other party; provided, however, that Seer Capital may delegate to one or more of its
affiliates performance of any of its responsibilities hereunder so long as it remains liable for any such affiliate’s performance, 

  
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 6. Governing Law. The internal laws, and not the laws of conflicts (other than
Section 5-1401 of the General Obligations Law of the State of New York), of New York shall govern the enforceability and validity of this Agreement, the construction its tarns and the interpretation of the rights and duties of the parties.

 7. Counterparts. This Agreement may be executed and delivered by the parties to this Agreement on any number of
separate counterparts (including telecopy or email transmission of scanned image), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

8. Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof; and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 9. Binding Nature of Agreement; Successors and Assigns. This Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors and permitted assigns as provided in this Agreement. 

10. Amendments. This Agreement may not be modified or amended other than by an agreement in writing signed by the parties hereto.

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

			
	SEER MORTGAGE CAPITAL ADVISOR LLC
		
	By:	 	 /s/ Philip Weingord

	Name:	 	Philip Weingord
	Title:	 	Managing Member
	
	SEER CAPITAL MANAGEMENT LP
	
	By: Seer Capital Holdings LLC, its general partner
		
	By:	 	 /s/ Philip Weingord

	Name:	 	Philip Weingord
	Title:	 	Managing Member

  
 3EX-10.1

 Exhibit 10.1 
 SIXTH MODIFICATION OF SUBLEASE 
 SIXTH MODIFICATION OF SUBLEASE made as of
February 26, 2013, by and between EMPIRE STATE BUILDING ASSOCIATES L.L.C., a New York limited liability company having its office at One Grand Central Place, 60 East 42nd Street, New York, New York 10165 (hereinafter called
“Sublessor”); and EMPIRE STATE BUILDING COMPANY L.L.C., a New York limited liability company having its office at One Grand Central Place, 60 East 42nd Street, New York, New York 10165 (hereinafter called “Sublessee”).

 W I T N E S S E T H: 

Sublessor is the current sublessor and Sublessee is the current sublessee under that certain sublease described on Schedule A hereto (the
foregoing being hereinafter collectively called the “Sublease”) relating to certain real estate described on Schedule B. 
 Sublessor has negotiated the terms of a loan of up to five hundred million dollars ($500,000,000) (of which $219,000,000.00 has heretofore been funded and an additional advance of $50,000,000.00 is being
funded on or about the date hereof) with HSBC Bank USA, N.A., as Agent (“Agent”) for the lenders (“Lenders”) party to a certain loan agreement, as amended, among Empire State Land Associates L.L.C., Sublessor, Agent and Lenders
(the “Loan Agreement”) to provide, inter alia, funds with which to pay for the costs of ongoing capital improvement programs for the Demised Premises. 
 NOW, THEREFORE, in consideration of the sum of ten ($10.00) dollars, the mutual promises and covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto, intending to be bound, hereby agree as follows: 
 1. Terms used herein and not
otherwise defined herein have the meanings attributed to them in the Sublease. 
 2. Sublessee consents, as of the date of this
Sixth Modification of Sublease, to an additional draw under the Mortgage Note (as defined in Subdivision (1)(g) of Section 2.01 as set forth in Section 2 of the Third Modification of Sublease) of up to fifty million dollars
($50,000,000.00), which additional draw, together with all draws heretofore made under the Mortgage Note, aggregate to two hundred sixty-nine million dollars ($269,000,000.00). Nothing herein shall affect the terms of that certain Confirmation of
Subordination made by Sublessee in favor of Agent delivered in accordance with the Loan Agreement. 
 3. Sublessee confirms that
pursuant to the Sublease, it is responsible for (i) paying all real estate taxes and similar impositions levied against the Demised Premises; (ii) maintaining, at its cost and expense, the Demised Premises in good condition and repair;
(iii) insuring the Demised Premises and paying all premiums with respect to the insurance; (iv) complying with laws and regulations; (v) keeping the Demised Premises free of mechanics liens and code violations applicable to the use
and occupancy of the Demised Premises; and (vi) performing the acts that would typically be the subject of protective advances by an institutional lender either to cure a default or to preserve the lien of its mortgage and the value of its
security. Sublessee acknowledges that (i) it has received a copy of the Loan Agreement; (ii) it is a party to certain Loan Documents (as defined in the Loan Agreement) and (iii) it shall abide by its obligations thereunder. Nothing
herein shall constitute an acknowledgement by Sublessee that Sublessee is obligated to pay the Debt (as defined in the Loan Agreement). 

 4. Except as herein modified, the Sublease shall be and remain in full force and effect, and
the parties hereby ratify and confirm all of the other terms, covenants and conditions thereof. 
 5. This Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective legal representatives, successors and assigns. 

SIGNATURE PAGE FOLLOWS THIS PAGE 

  
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 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands as of the day and year
first above written. 
  

			
	Sublessor:
	
	 EMPIRE STATE BUILDING ASSOCIATES L.L.C.,
 a New York limited liability company

		
	By:	 	 /s/ Peter L. Malkin

		 	Peter L. Malkin, Member
		
	By:	 	 /s/ Anthony E. Malkin

		 	Anthony E. Malkin, Member
		
	By:	 	 /s/ Thomas N. Keltner

		 	Thomas N. Keltner, Jr., Member
	
	Sublessee:
	
	 EMPIRE STATE BUILDING COMPANY L.L.C.,
 a New York limited liability company

		
	By:	 	 /s/ Anthony E. Malkin

		 	Anthony E. Malkin, Member

 CONSENTED TO: 
 EMPIRE STATE LAND ASSOCIATES L.L.C., 
 a New York limited liability company 

 

					
	By:	 	Empire State Building Associates L.L.C., a New York limited liability company, its
		 	Sole Member
			
		 	By:	 	 /s/ Peter L. Malkin

		 		 	Peter L. Malkin, Member
			
		 	By:	 	 /s/ Anthony E. Malkin

		 		 	Anthony E. Malkin, Member
			
		 	By:	 	 /s/ Thomas N. Keltner

		 		 	Thomas N. Keltner, Jr., Member

 Schedule A—Sublease 
 Schedule B—Property 
 [SIGNATURE PAGE OF MODIFICATION OF SUBLEASE] 

					
	STATE OF NEW YORK	 	)	 	
		 	 ) ss.
	 	
	 COUNTY OF NEW YORK
	 	 )
	 	

 On the        20         day of February
in the year 2013 before me, the undersigned, a Notary Public in and said State, personally appeared Peter L. Malkin, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his capacities, and that by his signature on the instrument, the individuals, or the persons upon behalf of which the individual acted, executed the instrument. 

 

	
	            /s/ Irene Profetto
	Notary Public

  

					
	STATE OF NEW YORK	 	)	 	
		 	 ) ss.
	 	
	 COUNTY OF NEW YORK
	 	 )
	 	

 On the        20         day of February
in the year 2013 before me, the undersigned, a Notary Public in and said State, personally appeared Anthony E. Malkin, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his capacities, and that by his signature on the instrument, the individuals, or the persons upon behalf of which the individual acted, executed the instrument. 

 

	
	            /s/ Irene Profetto
	Notary Public

  

					
	STATE OF NEW YORK	 	)	 	
		 	 ) ss.
	 	
	 COUNTY OF NEW YORK
	 	 )
	 	

 On the         20        day of February
in the year 2013 before me, the undersigned, a Notary Public in and said State, personally appeared Thomas N. Keltner, Jr., personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to
the within instrument and acknowledged to me that he executed the same in his capacities, and that by his signature on the instrument, the individuals, or the persons upon behalf of which the individual acted, executed the instrument. 

 

	
	
	
	            /s/ Irene Profetto
	Notary Public

					
	STATE OF NEW YORK	 	)	 	
		 	 ) ss.
	 	
	 COUNTY OF NEW YORK
	 	 )
	 	

 On the        20th        day of February
in the year 2013 before me, the undersigned, a Notary Public in and said State, personally appeared Anthony E. Malkin, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his capacities, and that by his signature on the instrument, the individuals, or the persons upon behalf of which the individual acted, executed the instrument. 

 

	
	/s/ Judy H. Love
	 Notary Public

					
	STATE OF NEW YORK	 	)	 	
		 	 ) ss.
	 	
	 COUNTY OF NEW YORK
	 	 )
	 	

 On the        20        day of February
in the year 2013 before me, the undersigned, a Notary Public in and said State, personally appeared Peter L. Malkin, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his capacities, and that by his signature on the instrument, the individuals, or the persons upon behalf of which the individual acted, executed the instrument. 

 

	
	            /s/ Fay Miller
	Notary Public

  

					
	STATE OF NEW YORK	 	)	 	
		 	 ) ss.
	 	
	 COUNTY OF NEW YORK
	 	 )
	 	

 On the        20        day of February
in the year 2013 before me, the undersigned, a Notary Public in and said State, personally appeared Anthony E. Malkin, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his capacities, and that by his signature on the instrument, the individuals, or the persons upon behalf of which the individual acted, executed the instrument. 

 

	
	            /s/ Fay Miller
	Notary Public

  

					
	STATE OF NEW YORK	 	)	 	
		 	 ) ss.
	 	
	 COUNTY OF NEW YORK
	 	 )
	 	

 On the        20        day of February
in the year 2013 before me, the undersigned, a Notary Public in and said State, personally appeared Thomas N. Keltner, Jr., personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to
the within instrument and acknowledged to me that he executed the same in his capacities, and that by his signature on the instrument, the individuals, or the persons upon behalf of which the individual acted, executed the instrument. 

 

	
	
	            /s/ Fay Miller
	Notary Public

 SCHEDULE A 
 SUBLEASE 
 That Certain Agreement of Lease dated 12/27/61 and recorded
12/27/1961 in Liber 5173 Cp. 155 made by EMPIRE STATE BUILDING ASSOCIATES, as sub-landlord, to LAWRENCE A. WIEN, HARRY B. HELMSLEY, MARTIN WEINER REALTY CORPORATION and PAREMPCO INC., Joint Venturers, associated under the name of EMPIRE STATE
BUILDING COMPANY, as sub-tenant, which lease is affected by the following instruments: 
 (1) Assignment of sublease from
PAREMPCO, INC. to LAWRENCE A. WIEN and HARRY B. HELMSLEY, dated as of 2/1/1963, recorded on 7/10/1963 in Liber 5239 Cp. 122; 

(2) Assumption of Sublease from LAWRENCE A. WIEN to WICO TRADING CORPORATION dated as of 6/30/1964 and recorded on 7/22/1964 in Liber 5287
Cp. 238; 
 (3) First Modification of Sublease between EMPIRE STATE BUILDING ASSOCIATES, as sub-landlord and LAWRENCE A. WIEN,
HARRY B. HELMSLEY, WICO TRADING CORPORATION and MARTIN WEINER REALTY CORPORATION, Joint Venturers, associated under the name of EMPIRE STATE BUILDING COMPANY, as sub-tenants (with consent from THE PRUDENTIAL INSURANCE COMPANY OF AMERICA) dated
2/15/1965, recorded 2/15/1965 in Liber 5315 Cp. 1; 
 (4) Assignment of Disbursement, Right made by LAWRENCE A. WIEN, HARRY B.
HELMSLEY, WICO TRADING CORPORATION and MARTIN WEINER REALTY CORPORATION, Joint Venturers, associated under the name of EMPIRE STATE BUILDING ASSOCIATES to MORGAN GUARANTY TRUST COMPANY OF NEW YORK dated 2/15/1965 and recorded 2/15/1965 in Liber 5315
Cp. 23; 
 (5) Assignment of Interest in Sublease from LAWRENCE A. WIEN to WILLIAM C. WARREN, as Trustee under a certain Trust
Agreement dated 12/12/1967 for the benefit of COLUMBIA UNIVERSITY, dated as of 12/31/1967 and recorded on 4/1/1971 in Reel 200 Page 1123; 
 (6) Assignment of Interest in Sublease from MARTIN WIENER REALTY CORPORATION to MARTIN WIENER, dated as of 12/31/1968 and recorded on 4/1/1971 in Reel 200 Page 1126; 

(7) Assignment of Interest in Sublease from WILLIAM C. WARREN, as Trustee under a certain Trust Agreement dated 12/12/1967 for the benefit
of COLUMBIA UNIVERSITY to LAWRENCE A. WIEN, dated as of 1/1/1970, recorded 4/1/1971 in Reel 200 Page 1130; 
 (8) Assignment of
Interest in Sublease from SAMFORD G. BLUESTEIN, JOAN KONNER, BENJAMIN NADEL and LAWRENCE A. WIEN, as Executors of the Last Will and Testament of MARTIN WIENER, deceased to MARTIN WIENER ASSOCIATES, dated 6/25/1970, recorded on 4/1/1971 in Reel 200
Page 1133; 

 (9) Assignment of Sublease from WICO TRADING CORPORATION to HARRY B. HELMSLEY, dated as of
8/2/1969, recorded 4/1/1971 in Reel 200 Page 1496; 
 (10) Assignment and Assumption of the Sublease from LAWRENCE A. WIEN, HARRY
B. HELMSLEY and MARTIN WIENER ASSOCIATES, Joint Venturers associated under the name of EMPIRE STATE BUILDING COMPANY to EMPIRE STATE BUILDING COMPANY, dated as of 4/2/1971, recorded on 4/8/1971 in Reel 201 Page 556; 

(11) Certificate of Conversion of EMPIRE STATE BUILDING COMPANY to EMPIRE STATE BUILDING COMPANY LLC dated 12/17/2001 and filed 12/17/2001
in the Office the Department of State of the State of New York; and 
 (12) Second Modification of Sublease, dated
February 25, 2009, between EMPIRE STATE BUILDING ASSOCIATES L.L.C. and EMPIRE STATE BUILDING COMPANY L.L.C., which was not recorded. 
 (13) Third Modification of Sublease, dated July 26, 2011, between EMPIRE STATE BUILDING ASSOCIATES L.L.C. and EMPIRE STATE BUILDING COMPANY L.L.C., recorded on August 9, 2011 as CRFN
2011000xxxxxx. 
 (14) Fourth Modification of Sublease, dated April 5, 2012, between EMPIRE STATE BUILDING ASSOCIATES L.L.C.
and EMPIRE STATE BUILDING COMPANY L.L.C., recorded on April 17, 2012 as CRFN 2012000xxxxxx. 
 (15) Fifth Modification of
Sublease, dated July 9, 2012 between EMPIRE STATE BULIDING L.L.C. and EMPIRE STATE BUILDING COMPANY L.L.C., recorded on July 25, 2012 as CRFN 2012000xxxxxx. 

 SCHEDULE B 
 PROPERTY 
 ALL that certain plot, piece or parcel of land, situate, lying and being in the
Borough of Manhattan, County of New York, City and State of New York, bounded and described as follows: 
 BEGINNING at the corner formed by the
intersection of the southerly side of West 34th Street with the westerly side of Fifth Avenue; 
 THENCE Southerly along the westerly side of
Fifth Avenue, 197 feet 6 inches to the northerly side of West 33rd Street; 
 THENCE Westerly along the northerly side of West 33rd Street, 500
feet; 
 THENCE Northerly and parallel with the westerly side of Fifth Avenue, 98 feet 9 inches to the middle line of the block; 

THENCE Easterly and parallel with the northerly side of West 33rd Street, 75 feet; 
 THENCE again Northerly and parallel with the westerly side of Fifth Avenue and part of the distance through a party wall, 98 feet 9 inches to the southerly side of West 34th Street; 

THENCE Easterly along the southerly side of West 34th Street, 425 feet to the corner aforesaid, the point or place of BEGINNING.

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