Document:

Exhibit 10.5

SECOND AMENDMENT TO

OPERATING AGREEMENT OF

THE NEW YORK TIMES BUILDING LLC

(a
New York limited liability company)

SECOND AMENDMENT TO OPERATING AGREEMENT OF THE NEW
YORK TIMES BUILDING LLC (this “Amendment”) dated this 15th day of August, 2006 by and between FC EIGHTH
AVE., LLC, a Delaware limited liability company, having an office at One
MetroTech Center North, Brooklyn, New York 11201 (“FC Member”), and NYT
REAL ESTATE COMPANY LLC, a New York limited liability company, having an office
at 229 West 43rd Street, New York, New York 10036 (“NYTC
Member”).

WHEREAS:

A.            FC
Lion LLC, a New York limited liability company (“Original FC Member”)
and NYTC Member formed a limited liability company under the name of The New
York Times Building LLC (the “Company”) and in connection therewith
executed the Operating Agreement of the Company dated December 12, 2001 (the “Agreement”),
which was thereafter amended by a First Amendment dated June 25, 2004 (the “Amendment”;
and as so amended, the “Operating Agreement”); and

B.            The
Company is developing a certain building and improvements on the land known as
and having a street address of 620 Eighth Avenue, New York, New York; and

C.            Immediately
prior to the execution of this Amendment, the Company subjected its interest in
said land and improvements to the provisions of Article 9-B of the Real
Property Law of the State of New York pursuant to that certain Declaration of
Leasehold Condominium Establishing Plan of Leasehold Condominium Ownership of
Premises Known as and Having a Street Address of 620 Eighth Avenue, New York,
New York; and

D.            The
Operating Agreement had contemplated that said interest in land and
improvements would not be subjected to said Condominium Declaration until,
among other things, the Completion Date (as defined in the Operating Agreement)
has occurred; and

E.             At
the request of Original FC Member, the Members are subjecting the land and
improvements to said Condominium Declaration notwithstanding that the
Completion Date has not yet occurred; and

F.             Immediately
prior to the execution of this Amendment, Original FC Member has assigned to
New FC Member all of Original FC Member’s membership interest in the Company
pursuant to that certain Assignment and Assumption of Membership Interest dated
of even date herewith (the “Assignment”); and

 

G.            As
a result of the early recording of the Condominium Declaration, the Members
have agreed to certain additional remedies in the event FC Member is the “Defaulting
Member”, as such term is defined in Section 3.04(a) of the Operating Agreement;
and

H.            The
Members have reallocated between them certain space within the Improvements,
including 1,163 square feet on the 28th Floor from FC Member to NYTC Member and 1,689
square feet on the 51st Floor from NYTC Member to FC Member; and

I.              The
Members have agreed that 10,000 square feet of Floor Area Ratio (“FAR”)
located on the roof of the Improvements is to be characterized as FC Special
Limited Common Areas in the Condominium Declaration; and

J.             As
a result of all of the foregoing and certain other matters as hereinafter set
forth, the Members desire to modify the Operating Agreement.

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by both Members,
the Members agree to modify the Operating Agreement as follows:

1.             Defined Terms.  All
capitalized terms used herein shall have the same meaning ascribed to them in
the Operating Agreement unless otherwise defined herein.

2.             Condominium Units.

(a)           Section
1.51 of the Agreement is amended and restated as follows:  “FC
Member Space” means the “FC Collective Unit” as defined in
the Condominium Declaration.

(b)           Section
1.87 of the Agreement is amended and restated as follows:  “NYTC
Member Space” means the “NYTC Collective Unit” as defined in
the Condominium Declaration.

(c)           Section
1.101 of the Agreement is amended and restated as follows:  “Retail
Space” means the “Retail Unit” as defined in the Condominium
Declaration.

(d)           Section
1.116 of the Agreement is amended and restated as follows: “SPU” means the “SPU Unit”
as defined in the Condominium Declaration.

(a)           References in the Agreement to “common
areas” shall hereafter mean the “Common Areas” as defined in the Condominium
Declaration.

3.             Land
Share; Percentage Interest.

(a)  The Members acknowledge that the Land Share,
as defined in Section 1.73 of the Agreement, of FC Member is and has been
42.5877 % and the Land Share of NYTC Member is and has been 57.4123%.  The Land Shares shall be further adjusted as
provided in Section 1.73 of the Agreement.

 2
 

 

(b)  The Members acknowledge that the Percentage
Interest, as defined in Section 1.93 and 3.03 of the Agreement, of FC Member is
and has been 42.2842% and the Percentage Interest of NYTC Member is and has
been 57.7158%.  Said Percentage Interests
shall be further adjusted as provided in Section 3.03 of the Agreement.

4.             Capital
Contributions. The Members shall continue to be obligated to make Capital
Contributions in accordance with the provisions of the Operating Agreement,
notwithstanding the recording of the Condominium Declaration.  In any circumstances under Section 3.04 of
the Operating Agreement wherein NYTC Member would have the right to acquire the
interest of FC Member in the Company without further payment by NYTC Member to
any Person, NYTC Member shall also have the right, at its election, to acquire
all of the membership interests of FC 42 Hotel, LLC in FC Member without
further payment by NYTC Member to any Person. 
Concurrently herewith, in order to effectuate the provisions of the
immediately preceding sentence, (i) the operating agreement of FC Member is
being amended and restated, and (ii) FC 42 Hotel, LLC is entering into a Pledge
and Assignment Agreement in favor of NYTC Member pledging its membership
interests in FC Member.

5.             Conversion Date Actions.  The actions set forth in Section 6.02 of the
Agreement in clauses (i), (ii) and a portion of (vi) (regarding the appointment
of the initial managers of the condominium and the incorporation of the
condominium association), have either been waived or taken place simultaneously
herewith and said clauses are deleted from said Section 6.02.  Until the Conversion Date, and except as
provided in this Amendment to the contrary, the Operating Agreement (and not
the Condominium Declaration) shall govern the Members’ respective rights and
obligations with respect to the Project.

6.             Signage.  Section 5.10 (c) of the Agreement is amended
and restated as follows: All matters relating to Signage shall be subject to
the terms of the Ground Lease (including without limitation DUO) and the
Condominium Declaration.

7.             Condominium
Declaration.  Section 15 of the
Amendment is hereby deleted and the Members acknowledge that the NYTC Member
right of first offer to lease is in accordance with the Condominium
Declaration.

8.             Rooftop
Space.  Simultaneously herewith, FC
Member will make a payment to NYTC Member of $469,758.92.  In consideration of such payment, 10,000
square feet of FAR located on the roof of the Improvements and more
particularly designated on the Plans (as defined in the Condominium
Declaration) shall become a FC Special Limited Common Element as defined in the
Condominium Declaration.

9.             Assignment of FC Member Interest.  NYTC Member
hereby consents to the assignment by Original FC Member to FC Member.  From and after the date hereof (but without
limiting FC Member’s assumption of all obligations and liabilities of Original
FC Member under the Operating Agreement, including those accruing prior to the
date hereof), “FC Member” shall mean FC Eighth Ave., LLC.  As a result of the Assignment, INGREDUS Site
8 South LLC is no longer a member of FC Member. 
From and after the date hereof, all references in the Operating

 3
 

 

Agreement to “ING Bank,” “ING Entity”
and “ING Vastgoed” and all provisions applicable to or benefiting such parties
are hereby deleted.

10.           Operating Agreement Ratified.  In
all other respects, except as modified hereby, the Operating Agreement remains
unmodified and in full force and effect.

[the remainder of this page is intentionally blank]

 4

 

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

	
  

  	
   

  	
   

  	
  FC EIGHTH AVE., LLC, a Delaware limited

  liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  FC 42 Hotel LLC, a Delaware limited

  liability company, its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  FCDT Corp., a New York

  corporation, its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David L. Berliner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: David L.
  Berliner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: Sr. Vice
  President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  NYT REAL ESTATE COMPANY LLC, a New
  York

  limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Kenneth Richieri

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: Kenneth Richieri

  
	
   

  	
   

  	
   

  	
   

  	
  Title: ManagerExhibit
10.6

EXECUTION COPY

FIRST AMENDMENT TO BUILDING LOAN
AGREEMENT

By and Between

THE NEW YORK TIMES BUILDING LLC

having an address at

One MetroTech Center North

Brooklyn, New York 11201

(Borrower)

and

GMAC COMMERCIAL MORTGAGE CORPORATION

having an address at

100 South Wacker Drive, Suite 400

Chicago, Illinois 60606,

as agent

(Agent)

Dated as of December 8th, 2004

	
  Property Location:

  	
   

  	
  Eighth Avenue
  between 40th and 41st Street, New York, New York

  
	
  Lots:

  	
   

  	
  1, 5, 8, 14, 53,
  59, 61, 62, 63 and part of 15

  
	
  Block:

  	
   

  	
  1012

  
	
  Section

  	
   

  	
  4

  

 

Please return time-stamped certified copy to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, New York 10019

Attention: Harris B. Freidus, Esq.

FIRST AMENDMENT TO BUILDING LOAN AGREEMENT

THIS FIRST AMENDMENT TO
BUILDING LOAN AGREEMENT (this “Amendment”) is made and entered into as of the 8th day
of December, 2004 by and between GMAC COMMERCIAL MORTGAGE CORPORATION, a
California corporation, with an office at 100 South Wacker Drive, Suite 400,
Chicago, Illinois 60606 or any successor thereto, as agent (including as
successor to Initial Agent (as hereinafter defined)) (including any of its
successors and assigns as agent, “Agent”) for itself and any
other co-lenders as may exist from time to time (collectively, including any
successors and assigns, “Lenders” and each individually,
a  “Lender”), and
THE NEW YORK TIMES BUILDING LLC, a New York limited liability company with an
address at One MetroTech Center North, Brooklyn, New York 11201 (including any
successors and assigns permitted in accordance with the Agreement (as
hereinafter defined), “Borrower”).

W I T
N E S S E T H :

WHEREAS, Borrower, the
New York State Urban Development Corporation d/b/a Empire State Development
Corporation, a corporate governmental agency of the State of New York
constituting a political subdivision and public benefit corporation, having an
address at 633 Third Avenue, New York, New York 10017, as initial agent (“Initial Agent”) and Agent, for
itself and on behalf of Lenders, entered into that certain Building Loan
Agreement, dated as of June 25, 2004 and filed in the City Clerk’s Office on
July 26, 2004, under index number 188 (the “Agreement”; all capitalized
terms used herein but left undefined shall have the meanings assigned to such
terms in the Agreement), pursuant to which each Lender severally agreed to lend
to Borrower its pro rata share of $170,529,479 for the purposes of constructing
a project to be located on the premises more particularly described on Exhibit A hereto;

WHEREAS, pursuant to that
certain Assignment and Assumption (Building Loan) by Initial Agent to Agent,
dated as of July 25, 2004 and filed in the City Clerk’s Office on July 26, 2004
under index number 189 and recorded in the Office of the City Register of New
York County on December 2, 2004 as CRFN # 2004000746024, Initial Agent assigned
all of its right, title and interest in the Agreement to Agent; and

WHEREAS, Agent and
Borrower wish to amend the Agreement.

NOW, THEREFORE, in
consideration of the mutual covenants and agreements hereinafter set forth,
Agent, for itself and on behalf of Lenders, and Borrower hereby agree as
follows:

1.             Recitals. The foregoing recitals are hereby
incorporated into this Amendment as if more particularly set forth herein.

 

2.             Amendments.

(a)           The last sentence of the definition
of “Eligible
Assignee” is
hereby amended by (i) inserting the following text prior to the word “and” at
the end of clause (1):

“, (2) Hypo Real Estate
Capital Corporation is an Eligible Assignee”

and (ii) renumbering existing clause (2) as clause
(3).

(b)           The definition of “LIBOR Rate”
is hereby amended by inserting the following text prior to the
period at the end of the second sentence of said definition:

“; provided, however,
that if an Advance is made on a day other than the Start Day of any Interest
Period, Agent will obtain the LIBOR Rate with respect to such Advance for the
balance of such Interest Period from Bloomberg (British Banker’s Association
Rate) as of the close of business announced on the second immediately preceding
Business Day prior to the date of such Advance”

(c)           The definition of “Major Decision”
set forth in the Agreement is hereby amended by inserting the following text
prior to the semicolon at the end of clause (a) of said definition:

“, and any material
modification or amendment to the Ground Lease or any of the Severance
Subleases, except to the extent contemplated by the express terms thereof and
permitted by the Building Loan Documents”

(d)           The definition of “Super-Major
Decision” is hereby amended by (i) inserting the
following text at the beginning of clause (c) of said definition:

“a material modification
or amendment to the Ground Lease or any of the Severance Subleases which would
alter the term, any payment term or any mortgagee protective provisions, except
to the extent contemplated by the express terms thereof and permitted by the
Building Loan Documents and”

and (ii) inserting the following text as new clause
(g) and changing existing clause (g) to clause (h): “any waiver of any Default
under Section 7.16(a)(ii)”.

(e)           Section 5.02(a) of the Agreement is
hereby amended by deleting the third sentence and inserting the following text
in lieu thereof:

 2
 

 

“On the Business Day
immediately prior to the Start Day, Agent shall deliver written notice to each
Lender and Borrower informing each Lender and Borrower of the LIBOR Rate for
the upcoming calendar month Interest Period for all Outstanding Principal and
any Advance that is made on such Start Day. In the event that an Advance is
being made on a date other than a Start Day, on the Business Day immediately
prior to the Intended Advance Date, Agent shall deliver written notice to each
Lender and Borrower informing each Lender and Borrower of the LIBOR Rate
applicable to such Advance for the balance of the Interest Period in which such
Advance is made.”

(f)            Section 7.32(a)(2) of the Agreement
is hereby amended by deleting “Majority” and inserting “Super-Majority” in lieu
thereof.

(g)           Section 10.01(f) of the Agreement is
hereby amended by deleting the last sentence and inserting the following text
in lieu thereof:

“Upon demand by Agent,
each of the Lenders shall promptly advance to Agent in immediately available
funds its ratable portion of the funds expended by Agent in curing such Event
of Default (or Default), together with interest thereon (i) at the federal
funds rate as determined by Agent for the five days following the date of such
demand and (ii) at the Default Rate thereafter until the date prior to the date
on which such advance is received by Agent.”

3.             Representations and Warranties. Borrower
represents and warrants that: it has the full power, right and authority to
execute, deliver and perform its obligations under this Amendment and the Loan
Documents executed concurrently herewith (the “Transaction Documents”); the Transaction Documents have been duly
authorized, executed and delivered by all necessary parties on behalf of
Borrower; the Transaction Documents are in all respects valid and legally
binding obligations, enforceable against Borrower in accordance with their
terms; and the execution and delivery of the Transaction Documents by Borrower
do not, and the performance and observance by Borrower of its obligations
hereunder and thereunder will not, contravene or result in a breach of or
default under any of Borrower’s organizational documents, any Legal
Requirements applicable to it or to the Mortgaged Property or the use or
operation thereof, and any decree, judgment, agreement or instrument binding on
it, or its assets.

4.             Governing Law. This Amendment shall be governed
and construed in accordance with the laws of the State of New York applicable
to contracts made and performed solely within such State.

5.             Successors and Assigns; Execution Date. The
provisions contained in this Amendment and the other Transaction Documents
shall be binding upon

 3
 

 

and shall inure to the benefit of the parties hereto
and their successors and assigns. This Amendment shall be deemed executed as of
the execution date of the last signatory hereto, as shown by the date of the
applicable acknowledgment.

6.             Computation of Time Periods. In this Amendment,
with respect to the computation of periods of time from a specified date to a
later specified date, the word “from” means both “from and including” and the
words “to” and “until” both mean “to but excluding.”

7.             Amendments. Neither this Amendment nor any
provision hereof may be changed, waived, discharged or terminated orally, but
only by instrument in writing signed by the party against whom enforcement of
the change, waiver, discharge or termination is sought.

8.             Counterparts. This Amendment may be executed in
any number of counterparts, each of which, when executed and delivered, shall
be an original, but such counterparts shall together constitute one and the
same instrument.

[signature page follows]

 4

IN WITNESS WHEREOF,
Borrower and Agent, on behalf of Lenders, have executed this Amendment on the
date first above written.

	
  

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  THE NEW YORK
  TIMES BUILDING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  FC Lion LLC,
  member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FC 41st Street Associates, LLC, its managing

  member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  RRG 8 South,
  Inc., its managing

  member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  /s/ David L. Berliner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:  DAVID L. BERLINER

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:    SR. VICE PRESIDENT

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  NYT Real Estate
  Company LLC, member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Kenneth Richieri

  
	
   

  	
   

  	
   

  	
   

  	
  Name:  KENNETH RICHIERI

  
	
   

  	
   

  	
   

  	
   

  	
  Title:    MANAGER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AGENT:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GMAC COMMERCIAL
  MORTGAGE CORPORATION,

  as Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Phillip J. Keel

  
	
   

  	
   

  	
  Name: Phillip J. Keel

  
	
   

  	
   

  	
  Title:  Senior Vice President

  
								

 

[SIGNATURES CONTINUE ON NEXT
PAGE]

THE UNDERSIGNED ARE
EXECUTING THIS

AGREEMENT AS THE
BENEFICIAL OWNERS OF

THE NYTC UNIT AND FC UNITS, RESPECTIVELY:

FC MEMBER:

FC LION LLC

	
  By:

  	
  FC 41st Street Associates, LLC, its managing member

  
	
   

  	
   

  
	
   

  	
  By:

  	
  RRG 8 South, Inc., its
  managing member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  David L. Berliner

  	
   

  
	
   

  	
   

  	
  Name:  DAVID L. BERLINER

  	
   

  
	
   

  	
   

  	
  Title:    SR. VICE PRESIDENT

  	
   

  

 

NYTC MEMBER:

NYT REAL ESTATE COMPANY
LLC

	
  By:

  	
  /s/
  Kenneth Richieri

  	
   

  	
   

  	
   

  
	
   

  	
  Name:  KENNETH RICHIERI

  	
   

  	
   

  	
   

  
	
   

  	
  Title:    MANAGER

  	
   

  	
   

  	
   

  

 

 6

 

	
  STATE OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.:

  
	
  COUNTY OF KINGS

  	
  )

  	
   

  

 

On the 6th day of Dec. in the year 2004 before me, the
undersigned, personally appeared David Berliner 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 capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
   

  	
   

  	
  /s/ Alison Vaccaro

  	
   

  
	
   

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  ALISON VACCARO 

  Notary Public, State of New York

  No. 01VA5066683 

  Qualified in Kings County

  Commission Expires 9/30/06

  
					

 

 

 

	
  STATE OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  	
   

  

 

On the 7th day of Dec. in the year 2004 before me, the
undersigned, personally appeared Kenneth Richieri 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 capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
   

  	
   

  	
  /s/ Dana Rosales

  	
   

  
	
   

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  DANA ROSALES

  Notary Public, State of New York

  No. 01RO6059690

  Qualified in New York County

  Commission Expires August 29, 2007

  
					

 

 

 

	
  STATE OF ILLINOIS

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.:

  
	
  COUNTY OF COOK

  	
  )

  	
   

  

 

On the 1st day of Dec in the year 2004 before me, the
undersigned, personally appeared Phillip J. Keel 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 capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
   

  	
   

  	
  /s/ Stacie Marie Upton

  	
   

  
	
   

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  OFFICIAL SEAL

  STACIE MARIE UPTON

  NOTARY PUBLIC, STATE OF ILLINOIS

  MY COMMISSION EXPIRES 06/22/08

  	
   

  
					

 

 

 

 

	
  STATE OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.:

  
	
  COUNTY OF KINGS

  	
  )

  	
   

  

 

On the 6th day of Dec. in the year 2004 before me, the
undersigned, personally appeared David Berliner 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 capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
   

  	
   

  	
  /s/ Alison Vaccaro

  	
   

  
	
   

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  ALISON VACCARO

  Notary Public, State of New York

  No. 01VA5066683

  Qualified in Kings County

  Commission Expires 9/30/06

  
					

 

 

	
  STATE OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  )

  	
  ss.:

  
	
  COUNTY OF NEW YORK 

  	
  )

  	
   

  

 

On the 7th day of Dec. in
the year 2004 before me, the undersigned, personally appeared Kenneth Richieri
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 capacity, and that by his
signature on the instrument, the individual, or the person upon behalf of which
the individual acted, executed the instrument.

	
   

  	
  /s/ Dana Rosales.

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  DANA ROSALES

  
	
   

  	
  Notary Public, State of New York

  
	
   

  	
  No. 01RO6059690

  
	
   

  	
  Qualified in New York County

  
	
   

  	
  Commission Expires August 29, 2007.

  

 

 

Exhibit A

The Land

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 northerly line of West 40th Street with the
easterly line of 8th Avenue;

RUNNING THENCE northerly
along said easterly line of 8th Avenue, 197 feet 6 inches to the corner formed
by the intersection of the easterly side of 8th Avenue with the southerly line
of West 41st Street;

THENCE easterly along
said southerly line of West 41st Street, 400 feet;

THENCE southerly and
parallel to said easterly line of 8th Avenue, 197 feet 6 inches to the
northerly line of West 40th Street;

THENCE westerly along
said northerly line of West 40th Street, 400 feet to the point or place of
BEGINNING.

Being the property
located at and known as Block 1012, Lots 1, 5, 8, 14, 53, 59, 61, 62, 63 and
part of 15 on the Tax Assessment Map of the County of New York.

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