Document:

exv10w12

Exhibit 10.12

EXECUTION COPY

AMENDMENT NO. 2 TO THE SECOND AMENDED AND RESTATED CREDIT

AGREEMENT

     AMENDMENT NO. 2 TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment No.
2”), dated as of December 16, 2009 among GREENHUNTER BIOFUELS, INC (f/k/a CHANNEL REFINING
CORPORATION, INC), a Texas corporation (the “Borrower”), WESTLB AG, NEW YORK BRANCH
(“WestLB”) as administrative agent for the lenders under the Credit Agreement (as defined
below) (the “Lenders”) (in such capacity, the “Administrative Agent”) and WestLB as
Lender.

     WHEREAS, the parties hereto entered into a Credit Agreement, dated as of December 20, 2007 (as
amended and restated by the Amended and Restated Credit Agreement dated as of March 10, 2008, as
further amended and restated by the Second Amended and Restated Credit Agreement dated as of March
28, 2008, as further amended by Amendment No. 1, dated as of June 24, 2009, and as further amended,
modified and supplemented and in effect from time to time, the “Credit Agreement”), among
the Borrower, the Lenders, the Administrative Agent and WestLB as LC Issuing Bank (“LC Issuing
Bank”).

     WHEREAS, the parties hereto wish to amend the Credit Agreement as more specifically provided
below to modify certain terms and conditions of the Credit Agreement.

     WHEREAS, the Lender, the Administrative Agent are willing to agree to the Borrower’s requests
upon the terms and conditions of this Amendment No. 2.

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

     Section 1. Definitions. Unless otherwise defined herein, capitalized terms in this
Amendment No. 2 have the meanings set forth in the Credit Agreement, as amended by this Amendment
No. 2 and interpreted in accordance with Section 1.04 of the Credit Agreement.

     Section 2. Amendments. Subject to the satisfaction of the conditions precedent
specified in Section 4 below, but effective as of the Amendment No. 2 Effective Date, the
Credit Agreement shall be amended as follows:

	 	2.01	 	References Generally. References in the Credit
Agreement (including references to the Credit Agreement as amended hereby) to
“this Agreement” (and indirect references such as “hereunder”, “hereby”,
“herein” and “hereof”) shall be deemed to be references to the Credit Agreement
as amended hereby.
	 
	 	2.02	 	Definitions.

	 	(a)	 	Section 1.01 is hereby amended by
adding the following definitions in alphabetical order:

	 	(i)	 	“Additional Parcel”
shall mean the parcel of real property 

 

 

	 	 	 	described on Schedule I
of the Deed of Trust (Additional Parcel).

	 	(ii)	 	“Amendment No. 2
Effective Date” shall mean the date when Amendment No. 2
becomes effective in accordance with its terms.
	 
	 	(iii)	 	“Amendment No. 2 Interim
LIBO Rate Interest Period” shall have the meaning assigned
to that term in Section 9.03(b)(ii).
	 
	 	(iv)	 	“Amendment No. 2 Interim
Period” shall mean the period starting on the Amendment No.
2 Effective Date through, but not including, the Amendment No. 2
Interim Period Termination Date.
	 
	 	(v)	 	“Amendment No. 2 Interim
Period LIBO Rate Interest Amount” shall mean the amount of
interest equal to the interest on the Amendment No. 2
Outstanding Loans at a rate per annum equal to the LIBO Rate for
the Amendment No. 2 Interim LIBO Rate Interest Period plus the
Applicable Margin accruing on the Amendment No. 2 Outstanding
Loans during the Amendment No. 2 Interim LIBO Rate Interest
Period.
	 
	 	(vi)	 	“Amendment No. 2 Interim
Period Termination Date” shall mean the earliest to occur
of:

     (1) March 31, 2010;

     (2) the date upon which a Default other than a
Specified Default occurs under this Agreement or
there is any breach of the terms of Section
9.03 of this Agreement or Amendment No. 2 by the
Borrower; and

     (3) the failure by the Borrower to comply with
any of the conditions or covenants in Section
9.03(b).

	 	(vii)	 	“Amendment No. 2
Outstanding Loans” shall have the meaning assigned to that
term in Section 9.03(b)(ii).
	 
	 	(viii)	 	“Deed of Trust (Additional Parcel)” shall mean the
Deed of Trust, Assignment of Rents, Security Agreement and
Fixture Filing by the Borrower, as trustor, in favor of the
Collateral Agent, as trustee, and Collateral Agent, as
beneficiary, encumbering the Additional Parcel up to a

2

 

	 	 	 	maximum amount of $3,500,000, substantially in the form of
Exhibit S.

	 	(b)	 	Section 1.01 is hereby amended by
amending and replacing the following definitions in their entirety as
follows:

	 	(i)	 	“Specified Defaults”
shall mean (x) those defaults listed in Exhibit O
attached to this Agreement and (y) any other Default
subsisting during the Amendment No. 1 Interim Period or the
Amendment No. 2 Interim Period, as applicable, that, in the
sole discretion of the Administrative Agent, when taken
together with each other Default subsisting during the
Amendment No. 1 Interim Period or the Amendment No. 2 Interim
Period, as applicable (except for those defaults listed in
Exhibit O), has or could reasonably be expected to
have an aggregate adverse effect on the Borrower or the
Project (including any reduction in the value of the
Collateral, the filing of any Mechanics Liens or any other
affidavit of Liens, or any increase in the liabilities or
reduction in the assets of the Borrower of more than
$100,000).
	 
	 	(ii)	 	“Unpaid Default Interest
Accrual” on the Loans, shall mean the interest accruing on
the Loans since the Date Certain at the Post-Default Rate
less interest paid since the Date Certain (whether as
part of the Amendment No. 1 Interim Period LIBO Rate Interest
Amount, the Amendment No. 1 Interim Period Base Rate Interest
Amount, the Amendment No. 2 Interim Period LIBO Rate Interest
Amount or otherwise).
	 
	 	(iii)	 	“Weekly Budget
Performance Report” shall mean a report that contains a
comparison of the actual cash flows of the Borrower and the
Project for the most recently completed week (ending on the
previous week) to the Operating Budget for each line item in
the Operating Budget, including an explanation for all
material variances from the Operating Budget.
	 
	 	(iv)	 	“Working Capital
Commitment Period” shall mean the period commencing on the
Closing Date and ending on the earlier to occur of (y) March
31, 2010 as such period may be extended by the Working Capital
Lenders annually thereafter up to the Final Maturity Date and
(z) the termination of all Working Capital Commitments
pursuant to Section 2.04 or Section 9.01.

3

 

	 	(c)	 	The definition of “Security Documents”
is hereby amended to insert the words “the Deed of Trust (Additional
Parcel),” after “Deed of Trust,” in the second line.

	 	2.03	 	Remedies.

	 	(a)	 	The last paragraph of Section 9.01 is
hereby amended to replace the words “subject to the terms of
Section 9.02,” with “subject to the terms of Sections
9.02 and 9.03,”.
	 
	 	(b)	 	A new Section 9.03 entitled “Amendment
No. 2 Interim Period” shall be added and shall read in its entirety as
follows:

	 	(a)	 	Subject to Section 9.03(b), the Lenders agree, for the
duration of the Amendment No. 2 Interim Period, solely with respect to the
Specified Defaults, to refrain from exercising (or directing the Administrative
Agent or the Collateral Agent to exercise) any remedy available to such party
pursuant to applicable Government Rule or under the Credit Agreement,
including, but not limited to, Section 9.01 or any other Financing
Document relating to the Collateral, the Borrower or any other party, as
applicable.
	 
	 	(b)	 	Section 9.03(a) is subject to the performance by the
Borrower of the following conditions and covenants:

	 	(i)	 	on the Amendment No. 2
Effective Date, the Borrower shall pay:

     (A) to the Administrative Agent for the account of the
Lenders, $251,250 as payment of the principal Term Loan
payment that is due and payable pursuant to Section 3.01(a)
of the Credit Agreement on December 31, 2009; and

     (B) to the Administrative Agent for the account of the
Lenders, an amendment fee of $50,000 in immediately available
funds;

4

 

	 	(ii)	 	on the Amendment No. 2
Effective Date, the Borrower shall: (A) pay to the
Administrative Agent for the account of the Lenders any unpaid
interest (except for the Unpaid Default Interest Accrual) on
such date, (B) Convert all outstanding Base Rate Loans to
Eurodollar Loans, (C) enter into a LIBOR Contract for an
aggregate principal amount of the outstanding Term Loans and
Working Capital Loans on the Amendment No. 2 Effective Date
(calculated after the principal payment set forth in clause
(i)(A) above) (such outstanding Term Loans and Working Capital
Loans, the “Amendment No. 2 Outstanding Loans”) for an
Interest Period beginning on the Amendment No. 2 Effective
Date and ending on March 31, 2010 (such period, the
“Amendment No. 2 Interim LIBO Rate Interest Period”)
and (D) deposit an amount equal to the Amendment No. 2 Interim
Period LIBO Rate Interest Amount into the Debt Service Reserve
Account;
	 
	 	(iii)	 	after the Amendment No. 2
Effective Date, within one (1) Business Day of receipt of any
other net loss proceeds apart from the Settlement Payment or
the payments in Section 9.02(b)(vi) above, the
Borrower shall deposit 100% of such amount received in the
Debt Service Reserve Account and such amount shall be applied
in accordance with the Operating Budget;
	 
	 	(iv)	 	after the Amendment No. 2
Effective Date, the Borrower shall pay the Amendment No. 2
Interim Period LIBOR Rate Interest Amount in monthly
installments on the last Business Day of each month during the
Amendment No. 2 Interim LIBO Rate Interest Period and on March
31, 2010 in accordance with Section 3.02(c) of this
Agreement, such payments to be made from the Debt Service
Reserve Account;
	 
	 	(v)	 	the Borrower shall pay, on
the Amendment No. 2 Interim Period Termination Date, the
Unpaid Default Interest Accrual; provided that the Unpaid
Default Interest Accrual shall not be due and payable if all
of the Obligations have been satisfied in full prior to the
Amendment No. 2 Interim Period Termination Date;
	 
	 	(vi)	 	the Borrower shall pay, on
the Amendment No. 2 Interim Period Termination Date, all
principal Term Loan payments due and payable pursuant to
Section 3.01(a) of the Credit Agreement, including, without
limitation, the

5

 

	 	 	 	payment of $251,250 in respect of the
principal Term
Loan payment that was due and payable on December 31, 2009;

	 	(vii)	 	the Borrower shall execute
and deliver the Deed of Trust (Additional Parcel),
substantially in the form of Exhibit S, no later than
December 18, 2009, which Deed of Trust (Additional Parcel)
will, among other things, limit the Lenders’ security interest
in respect of the Additional Parcel to $3,500,000;
	 
	 	(viii)	 	the Borrower shall co-operate in a commercially reasonable
manner with the Administrative Agent’s financial advisor and
be responsible for prompt payment of all costs and expenses of
the Administrative Agent or the Lenders in engaging such
financial adviser;
	 
	 	(ix)	 	the Borrower shall, subject
to sub-clause (x), comply with the Operating Budget set forth
in Exhibit Q;
	 
	 	(x)	 	Notwithstanding sub-clause
(ix) above,

     (A) the Borrower shall pay the invoices listed in
Exhibit P, to the extent that such invoices relate to
any removable items under Section 53.123 of the Texas
Property Code or otherwise relate to any work performed under
contracts entered into prior to the date of the Deed of Trust
(irrespective of whether such work was performed prior to or
after the date of the Deed of Trust), in each case in full
and final settlement of the applicable invoice(s). The
Borrower shall obtain full and final lien waivers and receipt
of final payment from each vendor and each of such vendor’s
subcontractors and suppliers in connection with payment of
any such invoices;

     (B) after the payments (if any) of the invoices
described in sub-section (A) above, the Borrower shall take
steps to pay all other invoices listed in Exhibit P
and all other invoices by March 31, 2010, in an aggregate
amount not to exceed the budgeted amount provided for payment
of such invoices in the Operating Budget, in each case in
full and final settlement of the applicable invoice(s). The
failure by the Borrower to pay any such invoices prior to
March 31, 2010 shall not constitute a breach of covenant
under this Section 9.03(b). The Borrower shall obtain
full and final lien waivers and receipt of final payment from

6

 

each vendor in connection with payment of any such invoices;

     (C) the Borrower shall pay all invoices of the
Administrative Agent’s professional advisors promptly after
and, in any case, immediately upon approval by the
Administrative Agent of next succeeding Withdrawal/Transfer
Certificate following receipt of each such invoice;

	 	(xi)	 	the Borrower shall actively
pursue a sales process to sell the Borrower’s business or
assets for a purchase price that will realize net sale
proceeds in cash to the Borrower equal to or greater than the
Borrower’s Obligations and other liabilities in accordance
with the milestones set forth in the Sales Process Plan
attached hereto as Exhibit R;
	 
	 	(xii)	 	in addition to the reporting
requirements of Borrower set forth elsewhere in this
Agreement, during the Amendment No. 2 Interim Period, the
Borrower shall provide the following:

     (A) on the first Friday after the Amendment No. 2
Effective Date and every Friday thereafter, the Weekly Budget
Performance Report;

     (B) together with each Weekly Budget Performance Report,
a status report on the Borrower’s progress in the settlement
of each of the vendor invoices listed in Exhibit P;

     (C) regularly, but in any case no less often than once
every calendar month, a status report on the Borrower’s
progress in implementing the Sales Process Plan, including an
explanation for any failure to achieve any of the milestones
set forth in the Sales Process Plan;

     (D) provided that, during the Amendment No. 2 Interim
Period, the Borrower shall not be required to comply with the
reporting requirements set forth in Sections 8.19
(Construction Reports), 8.21 (Operating and Capital
Budgets) and 8.22 (Operating Statements and Reports)
of this Agreement;

	 	(xiii)	 	the Borrower shall conduct its business in a prudent manner
consistent with standards in its industry and shall not take,
or cause to be taken, any action that could reasonably be
expected to have a Material Adverse Effect; and

7

 

	 	(xiv)	 	during the Amendment No. 2
Interim Period, the
Borrower shall have no obligation to make principal payments
due to the Lenders, other than pursuant to Section
2.03(b)(i) of this Amendment No. 2.

	 	(c)	 	Notwithstanding anything to the contrary
contained herein or in the other Financing Documents, the accommodation
granted by the Lenders under Section 9.03(a) shall not
constitute, and shall not be deemed to constitute, (i) a waiver of any
Event of Default or Default (including the Specified Defaults) under
the Financing Documents, (ii) to the extent the Borrower makes any
partial payment of interest due and payable under this Section
9.03 or otherwise, any waiver by the Lenders of their rights to
full payment of such Obligations (including any applicable interest at
the Post-Default Rate) or (iii) an amendment, modification or consent
to any non-compliance to any provision under the Financing Documents.
	 
	 	(d)	 	The accommodation by the Lenders under this
Section 9.03 shall not act to toll or waive any cure or notice
periods provided for the Financing Documents, each of which shall
continue (and may expire in accordance with its terms) during the
Amendment No. 2 Interim Period.
	 
	 	(e)	 	Upon the Amendment No. 2 Interim Period
Termination Date, the Amendment No. 2 Interim Period shall
automatically terminate without any requirement for notice to the
Borrower or any further act or action by any person, and the Lenders
shall have the right to pursue all of their respective rights and
remedies under the Financing Documents in connection with the Specified
Defaults, the occurrence of any other Event of Default and/or any other
default under the Financing Documents.

	 	2.04	 	Exhibits.

	 	(a)	 	The following new exhibit shall be added to the
Credit Agreement and listed in the Table of Contents:

	 	(i)	 	EXHIBIT S — FORM OF DEED OF
TRUST (ADDITIONAL PARCEL)

	 	(b)	 	The following exhibits shall be amended and
restated in their entirety with the exhibits attached to this Amendment
No. 2:

	 	(i)	 	EXHIBIT O — SPECIFIED
DEFAULTS

8

 

	 	(ii)	 	EXHIBIT P — UNPAID INVOICES
OF THE BORROWER AS OF THE DATE OF THE AMENDMENT NO. 2
EFFECTIVE DATE
	 
	 	(iii)	 	EXHIBIT Q — OPERATING
BUDGET
	 
	 	(iv)	 	EXHIBIT R — SALES PROCESS
PLAN

     Section 3. Representations and Warranties. The Borrower hereby represents and
warrants for the benefit of the Administrative Agent, the Lenders and the Collateral Agent that as
of the date hereof, and as of the Amendment No. 2 Effective Date:

	 	(a)	 	this Amendment No. 2 has been duly authorized, executed and
delivered by the Borrower and each of this Amendment No. 2, the Credit
Agreement as amended hereby, the Security Agreement and each of the other
Financing Documents are in full force and effect and constitutes a legal, valid
and binding obligation of the Borrower, as applicable, enforceable in
accordance with its respective terms and applicable law;
	 
	 	(b)	 	as of the date hereof, there are certain Specified Defaults
occurring and continuing under the Credit Agreement and as of the date of this
Amendment No. 2, and, after due inquiry, Borrower is not aware of any other
Defaults or Events of Default have occurred and are continuing except for the
Specified Defaults;
	 
	 	(c)	 	pursuant to Section 3.02(c) of the Credit Agreement, on
and from the Date Certain, all outstanding Loans bear interest at a rate per
annum equal to the Post-Default Rate, provided that the Unpaid Default Interest
Accrual shall only be payable by the Borrower pursuant to Section
2.03(b)(v) of this Amendment No. 2; and
	 
	 	(d)	 	it has no rights of offset, reduction, or recoupment,
objections, defenses, or counterclaims of any nature whatsoever with respect to
the Obligations, the Liens granted in or pursuant to the Financing Documents or
with respect to any action, conduct, or omission of the Administrative Agent,
Collateral Agent or the Lenders.

     Section 4. Conditions Precedent. This Amendment No. 2 shall be effective only upon
the occurrence of both of the following conditions precedent:

	 	(a)	 	execution and delivery of this Amendment No. 2
by all of the parties hereto; and
	 
	 	(b)	 	payment of all fees and expenses then due and
payable by the Borrower under the Agreement, including the
Administrative Agent’s professional advisors’ fees (including all fees
and costs of counsel) as of the Amendment No. 2 Effective Date.

9

 

     Section 5. Miscellaneous.

	 	5.01	 	The amendments provided in Section 2 hereto shall be
applicable solely with respect to those matters expressly provided therein and
no other amendments may be construed or implied.
	 
	 	5.02	 	Except as expressly provided herein, the Credit Agreement is
and shall remain unchanged and in full force and effect and nothing contained
in this Amendment No. 2 shall abrogate, prejudice, diminish or otherwise affect
any powers, right, remedies or obligations of any Person arising before the
date of this Amendment No. 2.
	 
	 	5.03	 	This Amendment No. 2 may be executed in any number of
counterparts, all of which taken together shall constitute one and the same
instrument and any parties hereto may execute this Amendment No. 2 by signing
any such counterpart. Delivery of an executed counterpart of a signature page
by facsimile transmission shall be effective as delivery of a manually executed
counterpart of this Amendment No. 2.
	 
	 	5.04	 	This Amendment No. 2 is a Financing Document.

     Section 6. Governing Law. THIS AMENDMENT NO. 2, INCLUDING THE RIGHTS AND DUTIES OF
THE PARTIES, SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT
SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

     Section 7. Amendment Binding. This Amendment No. 2 shall bind and inure to the
benefit of the parties and their successors and permitted assigns, but neither this Amendment No. 2
nor any of the rights, interests or obligations hereunder shall be assigned by the Borrower
(including its successors and permitted assigns) without the prior written consent of the other
parties, and any attempted assignment without such consent shall be null and void. No Person other
than the parties hereto (and their respective successors and permitted assigns) and the Collateral
Agent shall have any rights hereunder or be entitled to rely on this Amendment No. 2, and all other
third-party beneficiary rights are hereby expressly disclaimed.

     Section 8. Reservation of Rights. The Administrative Agent, on behalf of itself and
the Lenders, expressly reserves any and all rights and remedies, including, without limitation,
those under the Credit Agreement and other Financing Documents, waiving none of such rights by this
Amendment No. 2. This Amendment No. 2 expressly is without prejudice to any rights or remedies of
the Administrative Agent or the Lenders, including, without limitation, those under the Credit
Agreement and the other Financing Documents. The failure to exercise or any delay in exercising,
on the part of the Administrative Agent or the Lenders, any right, remedy, power or privilege under
the Financing Documents with respect to any Defaults and/or

10

 

Events of Default referred to herein or
otherwise existing shall not be deemed, or operate as, a waiver thereof and all such rights and
remedies are hereby expressly reserved.

[Signature Pages Follow]

11

 

     IN WITNESS WHEREOF, the parties to this Amendment No. 2 have caused this Amendment No. 2 to be
duly executed as of the date first written above.

	 	 	 	 	 
	 	ADMINISTRATIVE AGENT:

WESTLB AG, NEW YORK BRANCH, as

Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Amendment No. 2 Signature Page]

 

 

	 	 	 	 	 
	 	LENDER:

WESTLB AG, NEW YORK BRANCH, as Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Amendment No. 2 Signature Page]

 

 

	 	 	 	 	 
	 	BORROWER:

GREENHUNTER BIOFUELS, INC., as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Amendment No. 2 Signature Page]ex10j.htm

    EXHIBIT
10j

    

    

    

    First Amendment to
Lease

    

    This First Amendment to
Lease (this “Amendment”) is dated as of
this 24th_ day of September 2009 (the “Effective Date”), between 30
SOUTH 15TH ASSOCIATES, L.P., a Delaware limited partnership, (“Landlord”) and UNITED BANK OF
PHILADELPHIA, a corporation organized under the laws of Pennsylvania (“Tenant”).

    Background

    

    A.      The
Multi-Employer Property Trust, a trust organized under 12 C.F.R. Section 9.18
(predecessor in title to Landlord) and Tenant entered into a lease dated January
25, 2005 (the “Original
Lease”; the Original Lease together with this Amendment are,
collectively, referred to as the “Lease”), pursuant to which
Tenant leases from Landlord certain premises consisting of approximately 10,273
rentable square feet of office space (the “Original Premises”) on the
twelfth (12th)
floor (designated as Suite 1200) of the building located at 30 South 15th
Street, Philadelphia, Pennsylvania (the “Building”).  The
term of the Lease currently expires on March 31, 2015.

    B.      Tenant
desires to lease from Landlord certain additional space comprising of 2,673
rentable square feet, depicted on Exhibit “A” attached
hereto, located on the first (1st)
floor of the Building (the “Expansion Premises”), as an
expansion of the Premises (the Expansion Premises together with the Original
Premises, hereinafter referred to as the “Premises”).

    C.      Landlord
and Tenant desire to amend the Lease under the terms and conditions set forth
below.

    Now, Therefore, the
parties hereto, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound, agree as
follows:

     

    Definitions.  All
capitalized terms not otherwise defined herein shall have the same meanings
ascribed to them in the Lease.

     

    Expansion
Premises.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Lease of
Expansion Premises.  Effective as of October
1, 2009 (the “Expansion Premises Commencement Date”), and continuing through the
expiration of the Lease Term or earlier termination thereof as provided in the
Original Lease or this Amendment, Landlord agrees to demise and lease the
Expansion Premises unto Tenant, and Tenant agrees to lease and take the same
from Landlord.

    Modifications to and
Additions of Certain Lease Terms.  From and after the Expansion
Premises Commencement Date through the expiration of the Term: (i) the term
“Premises” wherever it appears in the Lease and this Amendment shall mean and
apply to the Original Premises and the Expansion Premises, and such space shall
be subject to the terms of the Lease, including without limitation the covenants
of Tenant to pay Base Rent, Use and Occupancy Taxes and Tenant’s proportionate
share of increases in Operating Costs and Property Taxes over the Base Year
amounts; (ii) all references to the rentable area of the Premises shall be
deemed to be Twelve Thousand Nine Hundred Forty Six (12,946) square feet; (iii)
“Tenant’s Pro Rata Share of Operating Costs” is 12,946/236,152 = five and four
hundred eighty two thousandths percent (5.482%), which shall be final,
conclusive and controlling during the Lease Term for all purposes; (iv)
“Tenant’s Pro Rata Share of Property Taxes” is 12,946/236,152 = five and four
hundred eighty two thousandths percent (5.482%), which shall be final,
conclusive and controlling during the Lease Term for all purposes; and (v)
“Tenant’s Pro Rata Share of Use and Occupancy Taxes” is 12,946/236,152 = five
and four hundred eighty two thousandths percent (5.482%), which shall be final,
conclusive and controlling during the Lease Term for all purposes.

    Base
Rent.

    Original
Premises.  Tenant shall continue to pay Landlord Base Rent for the
Original Premises in equal monthly installments as provided in the Original
Lease through the expiration of the Lease Term.

    Expansion
Premises.  Effective as of the Expansion Premises Commencement Date
and through the expiration of the Lease Term, Tenant shall pay Landlord Base
Rent for the Expansion Premises in equal monthly installments at the rate and in
the amounts set forth below:

    
      
        	
                Lease Year (Period)

              	
                Base Rent/RSF

              	
                Annual Base Rent

              	
                Monthly Base Rent

              
	
                10.1.09
      – 9.30.10

              	
                $29.00

              	
                $77,517.00

              	
                $6,459.75

              
	
                10.1.10
      – 9.30.11

              	
                $30.00

              	
                $80,190.00

              	
                $6,682.50

              
	
                10.1.11
      – 9.30.12

              	
                $31.00

              	
                $82,863.00

              	
                $6,905.25

              
	
                10.1.12
      – 9.30.13

              	
                $32.00

              	
                $85,536.00

              	
                $7,128.00

              
	
                10.1.13
      – 9.30.14

              	
                $33.00

              	
                $88,209.00

              	
                $7,350.75

              
	
                10.1.14
      – 3.31.15

              	
                $34.00

              	
                $90,882.00

              	
                $7,573.50

              

      

    Base Rent shall be paid in advance,
without notice or demand, and without counterclaim or setoff, on the first day
of each calendar month during the term of the Lease, in the same manner as is
set forth in the Lease.

    Notwithstanding anything to the
contrary set forth in the Original Lease or this Amendment, (A) the Full
Abatement Periods (as defined in the Original Lease) shall not apply to, nor
have any effect on, Tenant’s obligation to pay Base Rent with respect to the
Expansion Premises throughout the balance of the Lease Term
as   provided above, and (B) in addition to Tenant’s obligation
to make monthly payments of Base Rent and Additional Rent (as described in the
Original Lease) with respect to the Expansion Premises, Tenant agrees to
reimburse or pay Landlord, within five (5) days after its receipt of an invoice,
for any and all expenses incurred by Landlord for Tenant’s electricity usage in
the Expansion Premises during the Lease Term.

    Condition of Expansion
Premises.  Tenant agrees to accept the Expansion Premises in
its present condition and without any additional representation and warranties
made by Landlord in the Lease with respect to the Expansion
Premises.  Landlord is leasing and Tenant is accepting the Expansion
Premises in its “As-Is, Where-Is” condition, and Tenant acknowledges that,
except as expressly set forth in the Lease and this Amendment, Landlord has not
made, nor shall Landlord be deemed to 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    have
made, any representation or warranty, express or implied, with respect to said
space.

     

    Lease
Security Deposit.  Upon execution of this Amendment, Tenant shall pay
to Landlord the sum of $6,459.75 (i.e., one month’s Base Rent relating to the
Expansion Premises) (the “Additional Lease Security
Deposit”), which
Additional Lease Security Deposit shall be combined with the original Lease
Security Deposit (i.e., $14,339.40) and become a part
thereof.  Following payment of the Additional Lease Security Deposit,
the definition of “Lease Security Deposit” in Section 1 of the Original Lease is
hereby deleted in its entirety and replaced with the
following:

    “Lease Security
Deposit:  The cash sum of Twenty Thousand Seven Hundred Ninety
Nine and 15/100 Dollars ($20,799.15).”

     

    Confession of
Judgment.  The Confession of Judgment provisions contained in the
Original Lease are hereby confirmed and restated in their entirety as
follows:

     

    “CONFESSION OF
JUDGMENT.  SUBSECTION (i) BELOW CONTAINS A WARRANT OF ATTORNEY
AUTHORIZING ANY PROTHONOTARY, CLERK OF COURT, ATTORNEY OF ANY COURT OF RECORD
AND/OR LANDLORD (AS WELL AS SOMEONE ACTING FOR LANDLORD) TO APPEAR FOR, AND
CONFESS JUDGMENT AGAINST, TENANT, WITHOUT ANY PRIOR NOTICE OR AN OPPORTUNITY TO
BE HEARD.  SUBSECTION (i) BELOW ALSO PERMITS LANDLORD TO EXECUTE UPON
THE CONFESSED JUDGMENT WHICH COULD HAVE THE EFFECT OF DEPRIVING TENANT OF ITS
PROPERTY WITHOUT ANY PRIOR NOTICE OR AN OPPORTUNITY TO BE
HEARD.  TENANT HEREBY ACKNOWLEDGES THAT IT HAS CONSULTED WITH AN
ATTORNEY REGARDING THE IMPLICATIONS OF THESE PROVISIONS AND TENANT UNDERSTANDS
THAT IT IS BARGAINING AWAY SEVERAL IMPORTANT LEGAL
RIGHTS.  ACCORDINGLY, TENANT HEREBY KNOWINGLY, INTENTIONALLY,
VOLUNTARILY AND UNCONDITIONALLY WAIVES ANY RIGHTS THAT IT MAY HAVE UNDER THE
CONSTITUTION AND/OR LAWS OF THE UNITED STATES OF AMERICA AND THE COMMONWEALTH OF
PENNSYLVANIA TO PRIOR NOTICE AND/OR AN OPPORTUNITY FOR HEARING WITH RESPECT TO
BOTH THE ENTRY OF SUCH CONFESSED JUDGMENT AND ANY SUBSEQUENT ATTACHMENT, LEVY OR
EXECUTION THEREON.  TENANT EXPRESSLY WARRANTS AND REPRESENTS THAT THE
FOLLOWING WARRANT OF ATTORNEY TO CONFESS JUDGMENT HAS BEEN AUTHORIZED EXPRESSLY
BY ALL PROPER ACTION OF THE BOARD OF DIRECTORS OF
TENANT.  NOTWITHSTANDING ANYTHING CONTAINED IN SUBSECTION (i) BELOW,
THE SUBSECTION AND THE AUTHORITY GRANTED TO LANDLORD THEREIN IS NOT AND SHALL
NOT BE CONSTRUED TO CONSTITUTE A “POWER OF ATTORNEY” AND IS NOT GOVERNED BY THE
PROVISIONS OF 20 Pa.C.S.A. §§5601-5611.  FURTHERMORE, AN ATTORNEY OR
OTHER PERSON ACTING UNDER THESE SUBSECTIONS SHALL NOT HAVE ANY FIDUCIARY
OBLIGATION TO THE TENANT AND, WITHOUT LIMITING THE FOREGOING, SHALL HAVE NO DUTY
TO: (1) EXERCISE THESE POWERS FOR THE BENEFIT OF THE TENANT, (2) KEEP SEPARATE
ASSETS OF TENANT FROM THOSE OF SUCH ATTORNEY OR OTHER PERSON ACTING UNDER THESE
SUBSECTIONS, (3) EXERCISE REASONABLE CAUTION OR PRUDENCE ON BEHALF OF TENANT, OR
(4) KEEP A FULL AND ACCURATE RECORD OF ALL ACTIONS, RECEIPTS AND DISBURSEMENTS
ON BEHALF OF TENANT.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    (i)           CONFESSION OF JUDGMENT FOR
POSSESSION.  TENANT COVENANTS AND AGREES THAT UPON THE OCCURRENCE OF
AN EVENT OF DEFAULT, OR IF THIS LEASE IS TERMINATED OR THE LEASE TERM OR ANY
EXTENSIONS OR RENEWALS THEREOF ARE TERMINATED OR EXPIRE, THEN LANDLORD MAY,
WITHOUT LIMITATION, CAUSE JUDGMENTS IN EJECTMENT FOR POSSESSION OF THE LEASED
PREMISES TO BE ENTERED AGAINST TENANT AND, FOR THOSE PURPOSES, TENANT HEREBY
GRANTS THE FOLLOWING WARRANT OF ATTORNEY:  (a) TENANT HEREBY
IRREVOCABLY AUTHORIZES AND EMPOWERS ANY PROTHONOTARY, CLERK OF COURT, ATTORNEY
OF ANY COURT OF RECORD AND/OR LANDLORD (AS WELL AS SOME ONE ACTING FOR LANDLORD)
IN ANY ACTIONS COMMENCED FOR RECOVERY OF POSSESSION OF THE LEASED PREMISES TO
APPEAR FOR TENANT AND CONFESS OR OTHERWISE ENTER JUDGMENT IN EJECTMENT FOR
POSSESSION OF THE LEASED PREMISES AGAINST TENANT AND ALL PERSONS CLAIMING
DIRECTLY OR INDIRECTLY BY, THROUGH OR UNDER TENANT, AND THEREUPON A WRIT OF
POSSESSION MAY FORTHWITH ISSUE AND BE SERVED, WITHOUT ANY PRIOR NOTICE, WRIT OR
PROCEEDING WHATSOEVER; AND (b) IF, FOR ANY REASON AFTER THE FOREGOING ACTION OR
ACTIONS SHALL HAVE BEEN COMMENCED, IT SHALL BE DETERMINED THAT POSSESSION OF THE
LEASED PREMISES SHOULD REMAIN IN OR BE RESTORED TO TENANT, LANDLORD SHALL HAVE
THE RIGHT TO COMMENCE ONE OR MORE FURTHER ACTIONS AS HEREINBEFORE SET FORTH TO
RECOVER POSSESSION OF THE LEASED PREMISES INCLUDING APPEAR­ING FOR TENANT
AND CONFESSING OR OTHERWISE ENTERING JUDGMENT FOR POSSESSION OF THE LEASED
PREMISES AS HEREINBEFORE SET FORTH.

    (ii)           Proceedings.  In
any procedure or action to enter judgment by confession pursuant to Subsection
(i) above: (a) if Landlord shall first cause to be filed in such action an
affidavit or averment of the facts constituting the Event of Default or
occurrence of the condition precedent, or event, the happening of which default,
occurrence or Event of Default authorizes and empowers Landlord to cause the
entry of judgment(s) by confession, such affidavit or averment shall be
conclusive evidence of such facts, Events of Default, occurrences, conditions
precedent or events; and (b) if a true copy of this Lease (and of the truth of
which such affidavit or averment shall be sufficient evidence) be filed in such
procedure or action, it shall not be necessary to file the original as a warrant
of attorney, any rule of court, custom, or practice to the contrary
notwithstanding.

    (iii)           Waivers by Tenant of Errors
and Notice to Quit.  Tenant hereby releases to Landlord and to
any attorneys who may appear for Landlord all errors in any procedure(s) or
action(s) to enter judgment(s) by confession by virtue of the warrants of
attorney contained in this Lease, and all liability therefor.  Tenant
further authorizes the prothonotary, or any clerk of any court of record to
issue a writ of execution or other process.  If proceedings shall be
commenced to recover possession of the Premises either at the end of the Lease
Term or sooner termination of this Lease, or for non-payment of Rent or for any
other reason, Tenant specifically waives the right to the ten (10), fifteen (15)
or thirty (30) days’ notice to quit required by 68 P.S. §250.501, as amended,
and agrees that notice under either Pa.R.C.P. 2973.2 or Pa.R.C.P. 2973.3, as
amended from time to time, shall be sufficient in either or any such
case.

    (iv)           Rights of Assignee of
Landlord.  The right to enter judgment(s) against Tenant by
confession and to enforce all of the other provisions of this Lease may at the
option of any assignee of this Lease, be exercised by any assignee of the
Landlord’s right, title and 

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    interest
in this Lease in his, her or their own name, any statute, rule of court, custom,
or practice to the contrary notwithstanding.”

     

    Other Lease
Provisions.

    Definition
of Manager.  The definition of “Manager” in
Section
1 of the Original Lease
is hereby deleted in its entirety and replaced with the
following:

     

    “Manager:  GH
Management, LLC, or its replacement as specified by written notice from Landlord
to Tenant.”

    Definition
of Manager’s Address.  The definition of “Manager’s Address”
in Section
1 of the Original Lease
is hereby deleted in its entirety and replaced with the
following:

    “Manager’s
Address:  30 South 15th Street - Suite 1000, Philadelphia,
Pennsylvania 19102, which address may be changed by written notice from Landlord
to Tenant.”

    Designated Address of
Landlord.  The designated address for Landlord as set forth on
the signature page to the Original Lease is hereby deleted in its entirety and
replaced with the following:

    “30
South 15th Associates, L.P.

    30
South 15th Street, Suite 1000

    Philadelphia,
PA 19102

    Attention:
David Dinenberg

    Facsimile:  (215)
496-8350

    with
copies to:

    The
Union Labor Life Insurance Company

    on behalf of Separate Account
U

    8403
Colesville Road

    Silver
Spring, MD 20910-6311

    Attn:
Kevin Justh, Assistant Vice President

    Facsimile:  (202)
682-7932

    

    with
a copy to Manager at:

    GH
Management, LLC

    30
South 15th Street, Suite 1000

    Philadelphia,
PA 19102

    Attention:
David Dinenberg

    Facsimile:  (215)
496-8350”

    Option to
Extend.  Section 2.2.2 of the
Original Lease is hereby deleted in its entirety and replaced with the
following:

    “2.2.2           Option to
Extend.  While the Lease is in full force and effect, provided
the Tenant is not in default of any of the terms, covenants and conditions
thereof, beyond any applicable notice and cure periods, and further provided
that United Bank of Philadelphia is itself occupying all of the Premises then
demised to Tenant, in each case both as of the time of option exercise and as of
the commencement of the herein additional term, Tenant shall have the right or
option (the “Extension
Option”) to extend the original term of this Lease for one (1) period of
five (5) years (the “Option
Period”).  Such extension of the Lease Term shall apply to the
entire Premises (i.e., the Original Premises and the Expansion Premises) and be
on the same terms, covenants and conditions as provided for in the original term
except that (a) Tenant shall have no further option to extend the Lease Term,
(b) the Base Rent shall be ninety-five percent (95%) of the fair market value of
the Premises, with fair market value being determined by Landlord, taking into
account new leases then currently being negotiated or executed in comparable
space located in the Building, including provisions for subsequent increases and
other adjustments, allowances for tenant improvements and other market
incentives, or if no new leases are then being negotiated or executed in the
Building, the fair market rental value shall be determined by Landlord taking
into account new 

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    leases
then being negotiated or executed for comparable space located elsewhere in
similar office properties or equivalent buildings located in Philadelphia,
Pennsylvania (the fair market rental value as determined by Landlord in
accordance with this clause (b) is referred to herein as the “Fair Market Rental
Value”), provided, however, that in no event shall the Base Rent on
account of any additional term be less than the annual Base Rent payable for the
Premises, respectively, as of the date immediately preceding the commencement of
such additional term, and (c) Landlord shall have no obligation to prepare,
refurbish or construct the Premises or any part thereof prior to the
commencement of the Option Period or otherwise provide any amount of improvement
allowance in respect of the Premises.  Notice (the “Option Notice”) of
Tenant’s intention to exercise the Extension Option must be given to Landlord,
in writing, at least twelve (12) months prior to the then current expiration of
the Lease Term or the Extension Option shall lapse and be of no further force or
effect, time being of the essence.  Notwithstanding anything in the
foregoing to the contrary, if Tenant is not satisfied with Landlord’s
determination of the Fair Market Rental Value, Tenant may vitiate its prior
election to exercise the Extension Option by providing written notice of same to
Landlord within three (3) business days following the date on which Tenant was
provided with Landlord’s determination of said Fair Market Rental Value, in
which case the Lease will then expire as originally scheduled (i.e., March 31,
2011); provided, however, that Tenant shall have no right to vitiate its prior
election to exercise the Extension Option if the Base Rent applicable during the
Option Period will be equal to the Base Rent payable for the Premises as of the
date immediately preceding the commencement of such additional
term.”

    Early Termination
Right.  Section 2.2.3 of the
Original Lease is hereby deleted in its entirety.

    Pre-Approved
Subletting.  Section 4.16.8 of the Original lease is hereby
deleted in its entirety and replaced with the following:

    “Notwithstanding
any contrary provision in the previous subparagraphs of this paragraph, Landlord
shall: (a) consent to and approve a proposed sublet of the Premises to The
African American Chamber of Commerce (the “AACC”); and/or (b)
consent to and approve a proposed assignment or subletting of the Premises where
(i) the assignment or subletting is to an affiliate or wholly-owned subsidiary
of the Tenant or a reorganized entity under which no change of ownership has
occurred, provided that Tenant has delivered to Landlord satisfactory evidence
of the foregoing, (ii) the proposed assignee or subtenant has delivered to
Landlord satisfactory evidence of financial worth (less goodwill) equal to or
greater than that of Tenant as of the execution date of this Lease, and (iii)
Tenant has satisfied the requirements of Section 4.16.2 hereof.  If
the Premises is sublet to the AACC (as described in clause (a) above), Landlord
hereby acknowledges and agrees that the AACC shall not be obligated to pay Use
and Occupancy Taxes on the portion of the Premises that it occupies so long as
(A) the AACC provides Landlord with a certificate (and such additional
information as may be requested) evidencing the AACC’s status as a non-profit
organization exempt from real estate and related taxes, and (B) such certificate
(and any such additional information as may be requested), following submission
by Landlord, is accepted and acknowledged by the City of Philadelphia to, in
fact, exempt the AACC from application of Use and Occupancy Taxes.”

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    Tenant’s Work
Performance.  The third and fourth sentences of Section 4.5 of the
Lease are deleted in their entirety and replaced with the
following:

    “Any
Tenant Alterations and/or Tenant’s Work to be performed under the Lease shall be
performed by contractors employed by Tenant under one or more construction
contracts, in form and content approved in advance in writing by Landlord, and
all such contractors and any subcontractors at any tier performing (a) any
construction, repair or restoration including, without limitation, refurbishment
or renovation, improvements, build-out, alterations, additions, remodeling,
painting and installations of fixtures, mechanical, electrical, plumbing, data,
security, telecommunication, or elevator equipment or with respect to any other
construction work and transportation of major construction materials, in, on, or
to the Premises (or any part thereof) shall have collective bargaining
agreements with unions affiliated with the Building and Construction Trades
Department of the AFL-CIO as of January 1, 2001 and (b) any maintenance or
operational services in, on, or to the Premises (or any part thereof) shall have
collective bargaining agreements with unions affiliated with the
AFL-CIO  on June 1, 2005.   Tenant agrees that in the
event a disagreement arises relating to the jurisdiction over work performed by
any such contractor in the Premises, Tenant shall use its best efforts to
resolve any such disagreement promptly and, if necessary, strongly encourage the
parties involved to enter into binding arbitration on an expedited
basis.  In addition, all such contracts shall require that all
contractors and subcontractors affirmatively agree to pay prevailing wages and
fringe benefits to the appropriate employee benefit plan(s) in accordance with
applicable collective bargaining agreement(s).  If Tenant or any
contractor utilizes workers who are members of the International Union of
Bricklayers & Allied Craftworkers, Tenant shall (or shall cause such
contractor(s) to) obtain a bond or surety which, in total, is sufficient to
cover all wages and fringe benefits to be paid during the course of the services
to such members.  The bond shall be payable to the Bricklayers &
Trowel Trades International Pension Fund and the applicable local
union(s).”

    Landlord’s Authorized
Agents.  The following provision is hereby added to the
Lease:

    “6.11  Landlord’s Authorized
Agents.  Notwithstanding anything contained in the Lease to the
contrary, including without limitation, the definition of Landlord’s Agents,
only officers or authorized signatories of 30 South 15th
Associates, L.P., are authorized to amend, renew or terminate this Lease, or to
compromise any of Landlord’s claims under this Lease or to bind Landlord in any
manner.  Without limiting the effect of the previous sentence, no
property manager or broker shall be considered an authorized agent of Landlord
to amend, renew or terminate this Lease, to compromise any of Landlord’s claims
under this lease or to bind Landlord in any manner.”

     

    Mutual Representations and
Warranties.  Landlord and Tenant represent and warrant to each other
respectively that:

    they
have the requisite power and authority to enter into this
Amendment;

    they
have received all necessary and appropriate approvals and authorizations to
execute and perform their respective obligations set forth in this
Amendment;

    the
signatories executing this Amendment on behalf of Landlord and Tenant have been
duly authorized and empowered to execute this Amendment on behalf of Landlord
and Tenant, respectively;

    this
Amendment is valid and shall be binding upon and enforceable against Landlord
and Tenant and their respective successors and assigns and shall inure to the
benefit of Landlord and Tenant 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    and
their respective successors and assigns;

    the
Lease remains in full force and effect free from default and free from the
occurrence of an event which but for the passage of time or the service of
notice or both would constitute an Event of Default thereunder by either party
thereto; and

    neither
party has assigned its rights under the Lease.

     

    Ratification of
Lease.  Except as herein modified and amended, each and every
covenant, condition, warranty and agreement of the Original Lease is hereby
ratified and affirmed in its entirety and shall apply with full force and effect
during the full term of the Lease.

     

    Final
Agreement.  This Amendment and the Original Lease cover in full, each
and every final agreement of every kind or nature whatsoever between Landlord
and Tenant concerning the Premises, and all preliminary negotiations and
agreements whatsoever of every kind or nature are merged in the
Lease.  Neither the Lease nor this Amendment may be changed or
modified in any manner other than by written amendment or modification executed
by Landlord and Tenant.  Except as expressly provided for herein or
where the context requires, in order to conform the terms and conditions of the
Lease to the above, the terms and conditions of the Lease shall remain
unmodified and are hereby ratified and confirmed.

     

    Brokers.  Except
for the brokerage commissions, if any, payable by Landlord to Jones Lang LaSalle
Americas, Inc. (the “Broker”) with
respect to this Amendment to Lease, Tenant and Landlord warrant to one another
that each has had no dealings with any broker or agent, other than Broker, in
connection with the negotiation or execution of this Amendment, and each of
Tenant and Landlord will indemnify the other and hold the other harmless from
and against any and all costs, expenses or liability for commissions or other
compensation or charge claimed by any other broker or agent, other than Broker,
with respect to this Amendment due to a misrepresentation by such
party.

     

    No
Presumption.  This Amendment is the product of negotiations between
the parties.  As such, this Amendment shall not be construed against
one party or another merely because such party drafted some part or all of this
Amendment.

     

    Counterparts.  This
Amendment may be executed simultaneously or in two (2) or more counterparts,
each of which shall be deemed an original but which together shall constitute
one and the same instrument.  Telecopied signatures may be relied upon
as originals.

     

    Headings.  The
marginal or topical headings of the several articles, paragraphs and clauses are
for convenience only and do not define, limit or construe the contents of such
articles, sections, paragraphs and clauses.

    

    [Signatures
follow on the next page]

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    In Witness Whereof, the
parties hereto have caused this Amendment to be executed by their duly
authorized representatives as of the date and year first above
written.

    

    
      	 
      	
              Tenant:

            
	 
      	 
      	 
      
	 
      	
              UNITED
      BANK OF PHILADELPHIA, a

            
	 
      	
              Pennsylvania
      corporation

            
	 
      	 
      	 
      
	 
      	
              By:

            	
              _________________________________

            
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              Landlord:

            
	 
      	 
      	 
      
	 
      	
              30
      SOUTH 15TH ASSOCIATES L.P., a

            
	 
      	
              Delaware
      limited partnership

            
	 
      	 
      	 
      
	 
      	By:
      USA
      South 15th,
      LLC, its general partner
	 
      	By:
      The
      Union Labor Life Insurance Company, on behalf of its Separate Account U,
      its managing member
	 	 	 
	 
      	
              By:

            	
              ______________________________

            
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    Exhibit
“A”

    Depiction of
Expansion Premises

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