Document:

Exhibit 10.26

    
      

    

     

    
      Exhibit
        10.26

      

      
        	
                STANDARD
                  FORM OF LOFT LEASE

                The
                  Real Estate Board of New York,
                  Inc.

              

      

      

      Agreement
        of Lease, made
        as
        of this 29th day of January, 1999, between S.I.K. ASSOCIATES c/o Kaufman
        Management Company, LLC located at 450 Seventh Avenue, New York, New York
        10123
        party of the first part, hereinafter referred to as OWNER, and E&M
        Advertising, Inc., currently located at 60 Madison Avenue, New York NY 10010,
        party of the second part, hereinafter referred to as TENANT,

      

      Witnesseth:
        Owner
        hereby leases to Tenant and Tenant hereby hires from Owner space consisting
        of
        the entire eighth (8th) floor in the building known as 462 Seventh Avenue,
        New
        York, New York 10018 in the Borough of Manhattan, City of New York, for the
        term
        of seven (7) years and three (3) months (or until such term shall sooner
        cease
        and expire as hereinafter provided) to commence on
        the    day
        of            nineteen
        hundred
        and                      ,
        and to end on the    day
        of            and
        both dates inclusive, at an annual rental rate of

      

      -see
        rental schedule in paragraph #4.

      

      which
        Tenant agrees to pay in lawful money of the United States which shall be
        legal
        tender in payment of all debts and dues, public and private, at the time
        of
        payment, in equal monthly installments in advance on the first day of each
        month
        during said term, at the office of Owner or such other place as Owner may
        designate, without any set off or deduction whatsoever, except that Tenant
        shall
        pay the
        first                      monthly
        installment(s) on the execution hereof (unless this lease be a
        renewal).

      

      In
        the
        event that, at the commencement of the term of this lease, or thereafter,
        Tenant
        shall be in default in the payment of rent to Owner pursuant to the terms
        of
        another lease with Owner or with Owner's predecessor in interest, Owner may
        at
        Owner's option and without notice to Tenant add the amount of such arrears
        to
        any monthly installment of rent payable hereunder and the same shall be payable
        to Owner as additional rent.

      

      The
        parties hereto, for themselves, their heirs, distributees, executors,
        administrators, legal representatives, successors and assigns, hereby covenant
        as follows:

      
        	
                Rent:

              	
                1.
                  Tenant shall pay the rent as above and as hereinafter
                  provided.

              

      

      
        	
                Occupancy:

              	
                2.
                  Tenant shall use and occupy demised premises for executive and
                  administrative offices.

              

      

      

      provided
        such use is in accordance with the certificate of occupancy for the building,
        if
        any, and for no other purpose.

      

      Alternations:      3.
        Tenant
        shall make no changes in or to the demised premises of 1.
        nature
        without Owner’s prior written consent. Subject to the prior written consent of
        Owner, and to the provisions of this article, Tenant, at Tenant’s expense, may
        make alterations, installations, additions or improvements which are
        nonstructural and which do not affect utility services or plumbing and
        electrical liens, in or to the interior of the demised premises using
        contractors or mechanics first approved in each instance by Owner. Tenant
        shall,
        at its expense, before making any alterations, additions, installations or
        improvements obtain all permits, approval and certificates required by any
        governmental or quasi-governmental bodies and (upon completion) certificates
        of
        final approval thereof and shall deliver promptly duplicates of all such
        permits, approvals 

      

      and
        certificates to Owner. Tenant agrees to carry and will cause Tenant’s
        contractors and sub-contractors to carry such workman’s compensation, general
        liability, personal and property damage insurance as Owner may require. If
        any
        mechanic’s lien is filed against the demised premises, or the building of which
        the same forms a part, for work claimed to have been done for, or materials
        furnished to, Tenant, whether or not done pursuant to this article, the same
        shall be disregarded by Tenant within thirty days thereafter, at Tenant’s
        expense, by payment or filing the bond required by law or otherwise. All
        fixtures and all paneling, partitions, railing and like installations, installed
        in the premises at any time, either by Tenant or by Owner on Tenant’s behalf,
        shall, upon installation, become the property of Owner and shall remain upon
        and
        be surrendered with the demised premises unless Owner, by notice to Tenant
        no
        later than twenty days prior to the date fixed as the termination of this
        lease,
        elects to relinquish Owner’s right hereto and to have them removed by Tenant, in
        which event the same shall be removed from the demised premises by Tenant
        prior
        to the expiration of the lease, at Tenant’s expense. Nothing in this Article
        shall be construed to give Owner title to or to prevent Tenant’s removal of
        trade fixtures, moveable office furniture and equipment, but upon removal
        of any
        such from the premises or upon removal of other installations as may be required
        by Owner, Tenant shall immediately and at its expense, repair and restore
        the
        premises to the condition existing prior to installation and repair any damage
        to the demised premises or the building due to such removal. All property
        permitted or required to be removed by Tenant at the end of the term remaining
        in the premises after Tenant’s removal shall be deemed abandoned and may, at the
        election of Owner, either be retained as Owner’s property or removed from the
        premises by Owner, at Tenant’s expense.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Repairs:    4.
        Owner
        shall maintain and repair the exterior _________ of the public portions of
        the
        building. Tenant and the demised premises caused by the moving of Tenant’s
        fixtures, furniture or equipment. All the aforesaid repairs shall be of quality
        or class equal to the original work or construction. If Tenant fails, after
        ten
        days notice, to proceed with due diligence to make repairs required to be
        made
        by Tenant, the same may be made by the Owner at the expense of Tenant, and
        the
        expenses thereof incurred by Owner shall be collectible, as additional rent,
        after rendition of a bill or statement therefore. If the demised premises
        be or
        become infested with vermin, Tenant shall, at its expense, cause the same
        to be
        exterminated. Tenant shall give Owner prompt notice of any defective condition
        in any plumbing, heating system or electrical lines located in the demised
        premises and following such notice, Owner shall remedy the condition with
        due
        diligence, but at the expense of Tenant, if repairs are necessitated by damage
        or injury attributable to Tenant, Tenant’s servants, agents, employees, invitees
        or licenses as aforesaid. Except as specifically provided in Article 9 or
        elsewhere in this lease, there shall be no allowance to the Tenant for a
        diminution of rental value and no liability on the part of Owner by reason
        of
        inconvenience, annoyance or injury to business arising from Owner, Tenant
        or
        others making or failing to make any repairs, alterations, additions or
        improvements in or to any portion of the building or the demised premises
        or in
        and to the fixtures, appurtenances or equipment thereof. It is specifically
        agreed that Tenant shall not be entitled to any set off or reduction of rent
        by
        reason of any failure of Owner to comply with the covenants of this or any
        other
        article of this lease. 6.
        The
        provisions of this Article 4 with respect to the making of repairs shall
        not
        apply in the case of ______ or other casualty with regard to which Article
        9
        hereof shall apply.

      

      Window
        Cleaning:    5.
        Tenant
        will not clean nor require, permit, suffer or allow any window in the demised
        premises to be cleaned from the outside in violation of Section 202 of the
        New
        York State Labor Law or any other applicable law or of the Rules of the Board
        of
        Standards and Appeals, or of any other Board of body having or asserting
        jurisdiction.

      

      Requirements
        of Law Fire Insurance:    6.
        7.
        The
        commencement of the lease term, and at all times thereafter Tenant shall,
        at
        Tenant’s sole and expense, promptly comply with all present and future laws,
        orders and regulations of all cost state, federal, municipal and local
        governments, departments, commissions and boards and any direction of any
        public
        office pursuant to law, and all orders, rules and regulations of the New
        York
        Board of Fire Underwriters permit any act or thing to be done in or to the
        demised premises which is contrary to law, or which will invalidate or be
        in
        conflict with public liability, fire or other policies of insurance at any
        time
        carried by or for the benefit of Owner. Tenant shall not keep anything in
        the
        demised premises except as now or hereafter permitted by the Fire Department,
        Board of Fire Underwriters, Fire Insurance Rating Organization and other
        authority having jurisdiction, and then only in such manner and such quantity
        so
        as not to increase the rate for fire insurance applicable to the building,
        nor
        use the premises in a manner which will increase the insurance rate for the
        building or any property located therein over that in effect prior to the
        commencement of Tenant’s occupancy. If by reason of failure to comply with the
        foregoing the fire insurance rate shall, at the beginning of this lease or
        at
        any time thereafter, be higher than it otherwise would be, then Tenant shall
        reimburse Owner, as additional rent hereunder, for that portion of all fire
        insurance premiums thereafter paid by Owner which shall have been charged
        because of such failure by Tenant. In any action or proceeding wherein Owner
        and
        Tenant are parties, a schedule or “make-up” or rate for the building or demised
        premises issued by a body making fire insurance rates applicable to said
        premises shall be conclusive evidence of the facts therein stated and of
        the
        several items and charges in the fire insurance rates then applicable to
        said
        premises. Tenant shall not place a load upon any floor of the demised premises
        exceeding the floor load per square foot area which it was designed to carry
        and
        which is allowed by law. Owner reserves the right to prescribe the weight
        and
        position of all safes, business machines and mechanical equipment. Such
        installations shall be placed and maintained by Tenant, at Tenant’s expense, in
        settings sufficient, in Owner’s judgment, to absorb and prevent vibration, noise
        and annoyance.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Subordination:    7.
        This
        lease is subject and subordinate to all ___________ ground or underlying
        leases
        and to all mortgages which may now or hereafter affect such leases or the
        real
        property of which demised premises are a part and to all renewals,
        modifications, consolidations, replacements and extensions of any such
        underlying leases and mortgages. This clause shall be self-operative and
        no
        further instrument or subordination shall be required by any ground or
        underlying lessor or by any mortgagee, affecting any lease or the real property
        of which the demised premises are a part. In confirmation of such subordination,
        Tenant shall from time to time execute promptly any certificate that Owner
        may
        request.

      

      Tenant’s
        Liability Insurance Property Lose Damage, Indemnity:    8.
        Owner
        or its agents shall not be liable for any damage to Tenant or of others
        entrusted to employees of the building, nor for loss of or damage to any
        property of Tenant by theft or otherwise, nor for any injury or damage to
        persons or property resulting from any cause of whatsoever nature, unless
        caused
        by or due to the negligence of Owner, its agents, servants or employees;
        Owner
        or its agents shall not be liable for any damage caused by other tenants
        or
        persons in, upon or about said building or caused by operations in connection
        of
        any private, public or quasi public work. If at any time any windows of the
        demised premises are temporarily closed, darkened or bricked up (or permanently
        closed, darkened or bricked up, if required by law) for any reason whatsoever
        including, but not limited to Owner’s own acts, Owner shall not be liable for
        any damage Tenant my sustain thereby and Tenant shall not be entitled to
        any
        compensation therefore nor abatement or diminution of rent nor shall the
        same
        release Tenant from its obligations hereunder nor constitute an eviction.
        Tenant
        shall indemnify and save harmless Owner against and from all liabilities,
        obligations, damages, penalties, claims, costs and expenses for which Owner
        shall not be reimbursed by insurance, including reasonable attorney’s fees,
        paid, suffered or incurred as a result of any breach by Tenant, Tenant’s agents,
        contractors, employees, invitees, or licensees, of any covenant or condition
        of
        this lease, or the carelessness, negligence or improper conduct of the Tenant,
        Tenant’s agents, contractors, employees, invitees or licensees. Tenant’s
        liability under this lease extends to the acts and omissions of any sub-tenant,
        and any agent, contractor, employee, invitee or licensee of any sub-tenant.
        In
        case any action or proceeding is brought against Owner by reason of any such
        claim, Tenant, upon written notice from Owner, will, at Tenant’s expense, resist
        or defend such action or proceeding by counsel approved by Owner in writing,
        such approval not to be unreasonably withheld.

      

      Destruction,
        Fire and Other Casualty:    9.
        (a) If
        the demised premises or any part thereof shall be damaged by fire or other
        casualty, Tenant shall give immediate notice thereof to Owner and this lease
        shall continue in full force and effect except as hereinafter set forth.
        (b) If
        the demised premises are partially damaged or rendered partially unusable
        by
        fire or other casualty, the damages thereto shall be repaired by and at the
        expense of Owner and the rent and other items of additional rent, until such
        repair shall be substantially completed, shall be apportioned from the day
        following the casualty according to the part of the premises which is usable.
        (c) If the demised premises are totally damaged or rendered wholly unusable
        by
        fire or other casualty, then the rent and other items of additional rent
        as
        hereinafter expressly provided shall be proportionately paid up to the time
        of
        the casualty and thenceforth shall cease until the date when the premises
        shall
        have been repaired and restored by Owner (or sooner reoccupied in part by
        Tenant
        then rent shall be apportioned as provided in subsection (b) above), subject
        to
        Owner’s right to elect not to restore the same as hereinafter provided. (d) If
        the demised premises are rendered wholly unusable or (whether or not the
        demised
        premises are damaged in whole or in part) if the building shall be so damaged
        that Owner  shall
        decide to demolish it or to rebuild it, then, in any of such events, Owner
        9.
        may
        elect
        to terminate this lease be written

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      _________
        10. _________________
        or casualty made by Tenant which were on account of any period subsequent
        to
        such date shall be returned to Tenant. 12.
        Unless
        Owner shall serve a termination notice as provided for herein, Owner shall
        make
        the repairs and restorations under the conditions of (b) and (c) hereof,
        with
        all reasonable expedition, subject to delays due to adjustment of insurance
        claims, labor troubles and causes beyond Owner’s control. After any such
        casualty, Tenant shall cooperate with Owner’s restoration by removing from the
        premises as promptly as reasonably possible, all of Tenant’s salvageable
        inventory and movable equipment, furniture, and other property. Tenant’s
        liability for rent shall resume five (5) days after written notice from Owner
        that the premises are substantially ready for Tenant’s occupancy. (e) Nothing
        contained hereinabove shall relieve Tenant from liability that may exist
        as a
        result of damage from fire or other casualty. Notwithstanding the foregoing,
        including Owner’s obligation to restore under subparagraph (b) above, each party
        shall look first to any insurance in its favor before making any claim against
        the other party for recovery for loss or damage resulting from fire or other
        casualty, and to the extent that such insurance is in force and collectible
        and
        to the extent permitted by law, Owner and Tenant each hereby releases and
        waives
        all right of recovery with respect to subparagraphs (b), (d) and (e) above,
        against the other or any one claiming through or under each of them by way
        of
        subrogation or otherwise. The release and waiver herein referred to shall
        be
        deemed to include any loss or damage to the demised premises and/or to any
        personal property, equipment, trade fixtures, goods and merchandise located
        therein. The foregoing release and waiver shall be in force only if both
        releasors’ insurance policies contain a clause providing that such a release or
        waiver shall not invalidate the insurance. If, and to the extent, that such
        waiver can be obtained only by the payment of additional premiums, then the
        party benefiting from the waiver shall pay such premium within ten days after
        written demand or shall be deemed to have agreed that the party obtaining
        insurance coverage shall be free of any further obligation under the provisions
        hereof with respect to waiver of subrogation. Tenant acknowledges that Owner
        will not carry insurance on Tenant’s furniture and or furnishings or any
        fixtures or equipment, improvements, or appurtenances removable by Tenant
        and
        agrees that Owner will not be obligated to repair any damage thereto or replace
        the same. (f) Tenant hereby waives the provisions of Section 227 of the Real
        Property Law and agrees that the provisions of this article shall govern
        and
        control in lieu thereof.

      

      Eminent
        Domain:    10.
        If
        the whole or any part of the demised premises shall be acquired or condemned
        by
        Eminent Domain for any public or quasi public use or purpose,
        then
        and in that event, the term of this lease shall cease and terminate from
        the
        date of the title vesting in such proceeding and Tenant shall have no claim
        for
        the value of any unexpired term of said lease. Tenant shall have the right
        to
        make an independent claim to the condemning authority for the value of Tenant’s
        moving expenses and personal property, trade fixtures and equipment, provided
        Tenant is entitled pursuant to the terms of the lease to remove such property,
        trade fixtures and equipment at the end of the term and provided further
        such
        claim does not reduce Owner’s award.

      

      Assignment,
        Mortgage, Etc.:    11.
        Tenant, for itself, its heirs, distributees, executors, administrators, legal
        representatives, successors and assigns, expressly covenants that it shall
        not
        assign, mortgage or encumber this agreement, nor underlet, or suffer or permit
        the demised premises or any part thereof to be used by others, without the
        prior
        written consent of Owner in each instance. Transfer of the majority of the
        stock
        of a corporate Tenant or the majority partnership interest of a partnership
        Tenant shall be deemed an assignment. If this lease be assigned, or if the
        demised premises or any part thereof be underlet or occupied by anybody other
        than Tenant, Owner may, after default by Tenant, collect rent from the assignee,
        under-tenant or occupant, and apply the net amount collected to the rent
        herein
        reserved, but no such assignment, underletting, occupancy or collection shall
        be
        deemed a waiver of this covenant, or the acceptance of the assignee,
        under-tenant or occupant as tenant, or a release of Tenant from the further
        performance by Tenant of covenants on the part of Tenant herein contained.
        The
        consent by Owner to an assignment or underletting shall not in any way be
        construed to relieve Tenant from obtaining the express consent in writing
        of
        Owner to any further assignment or underletting.

      

      Electric
        Current:    12.
        Rates
        and conditions in respect to submetering or rent inclusion,
        as the case may be, to be added in RIDER attached hereto. Tenant covenants
        and
        agrees that at all times its use of electric current shall not exceed the
        capacity of existing feeders to the building or the risers or wiring
        installation and Tenant may not use any electrical current which, in Owner’s
        opinion, reasonably exercised, will overload such installations or interfere
        with the use thereof by other tenants of the building. The change at any
        time of
        the character of electric service shall in no wise make Owner liable or
        responsible to Tenant, for any loss, damages or expenses which Tenant may
        sustain.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Access
        to Premises:    13.
        Owner
        or Owner’s agents shall have
        the
        right (but shall not be obligated) to enter the demised premises in any
        emergency at any time, and, at other reasonable times, to examine 13.
        the
        same
        and to make such repairs, replacements and improvements as Owner may deem
        necessary and reasonably desirable to any portion of the building or which
        Owner
        may elect to perform in the premises after Tenant’s failure to make repairs or
        perform any work which Tenant is obligated to perform under this lease, or
        for
        the purpose of complying with laws, regulations and other directions of
        governmental authorities. Tenant shall permit Owner to use and maintain and
        replace pipes and conduits in and through the demised premises and to erect
        new
        pipes therein provided, wherever possible, they are within walls or otherwise
        concealed. Owner may, during the progress of any work in the demised premises
        the usual notices “To Let” and “For Sale” which notice Tenant shall permit to
        remain thereon without molestation. If Tenant is not present to open and
        permit
        an entry into the demised premises, Owner or Owner’s agents may enter the same
        whenever such entry may be necessary or permissible by master key and provided
        reasonable care is exercised to safeguard Tenant’s property. If during the last
        month of the term Tenant shall have removed all or substantially all of Tenant’s
        property therefrom. Owner may immediately enter, alter, renovate or redecorate
        the demised premises without limitation or abatement of rent, or incurring
        liability to Tenant for any compensation and such act shall have no effect
        on
        this lease or Tenant’s obligation hereunder.

      

      Vault,
        Vault Space, Area:    14.
        

      

      Occupancy:    15.
        Tenant will not at any time use or occupy the demised premises in violation
        of
        the certificate of occupancy issued for the building of which the demised
        premises are a part. Tenant has inspected the premises and accepts them as
        is,
        subject to the riders annexed hereto with respect to Owner’s work, if any. In
        any event, Owner makes no representation as to the condition of the premises
        and
        Tenant agrees to accept the same subject to violations, whether or not of
        record. If any governmental license or permit shall be required for the proper
        and lawful conduct of Tenant’s business, Tenant shall be responsible for and
        shall procure and maintain such license or permit.

      

      Bankruptcy:    16.
        (a)
        Anything elsewhere in this lease to the contrary notwithstanding, this lease
        may
        be cancelled by Owner by sending of a written notice to Tenant within a
        reasonable time after the happening of any one or more of the following events:
        (1) the commencement of a case in bankruptcy or under the laws of any state
        naming Tenant as the debtor; or (2) the making by Tenant of an assignment
        or any
        other arrangement for the benefit of creditors under any state statute. Neither
        Tenant nor any person claiming through or under Tenant, or by reason of any
        statute or order of court, shall thereafter be entitled to possession of
        the
        premises demised but shall forthwith quit and surrender the premises. If
        this
        lease shall be assigned in accordance with its terms, the provisions of this
        Article 16 shall be applicable only to the party then owning Tenant’s interest
        in this lease.

      (b)
        It is
        stipulated and agreed that in the event of the termination of this lease
        pursuant to (a) hereof, Owner shall forthwith, notwithstanding any other
        provisions of this lease to the contrary, be entitled to recover from Tenant
        as
        and for liquidated damages an amount equal to the difference between the
        rental
        reserved hereunder for the unexpired portion of the term demised and the
        fair
        and reasonable rental value of the demised premises for the same period.
        In the
        computation of such damages the difference between any installment of rent
        becoming due hereunder after the date of termination and the fair and reasonable
        rental value of the demised premises for the period for which such installment
        was payable shall be discounted to the date of termination at the rate of
        four
        percent (4 %) per annum. If such premises or any part thereof be relet by
        the
        Owner for the unexpired term of said lease, or any part thereof, before
        presentation of proof of such liquidated damages to any court, commission
        or
        tribunal, the amount of rent reserved upon such reletting shall be deemed
        to be
        the fair and reasonable rental value for the part or the whole of the premises
        so re-let during the term of the re-letting. Nothing herein contained shall
        limit or prejudice the right of the Owner to prove for and obtain as liquidated
        damages by reason of such termination, an amount equal to the maximum allowed
        by
        any statute or rule of law in effect at the time when, and governing the
        proceedings in which, such damages are to be proved, whether or not such
        amount
        be greater, equal to, or less than the amount of the difference referred
        to
        above. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Default:    17.
        (1)
        If Tenant defaults in fulfilling any of the covenants of this lease other
        than
        the covenants the payment of 4.
        rent
        or
        additional rent; or if the demised premises becomes vacant or deserted “or if
        this lease be rejected under §235 of Title 11 of the U.S. Code (bankruptcy
        code);” or if any execution or attachment shall be issued against Tenant or any
        of Tenant’s property whereupon the demised premises shall be taken or occupied
        by someone other than Tenant; or if Tenant shall make default with respect
        to
        any other lease between Owner and Tenant; or if Tenant shall have failed,
        after
        five (5) days written notice, to redeposit with Owner any portion of the
        security deposited hereunder which Owner has applied to the payment of any
        rent
        and additional rent due and payable hereunder or failed to move into or take
        possession of the premises within thirty (30) days after the Commencement
        Date
        of which fact Owner shall be the sole judge; then in any one or more
        ____________________________________________________________________________________
        (5) days this lease and the term thereunder shall end and expire as fully
        and
        completely as if the expiration of such five (5) day period were the day
        herein
        definitely fixed for the end and expiration of this lease and the term thereof
        and Tenant shall then quit and surrender the demised premises to Owner but
        Tenant shall remain liable as hereinafter provided.

      (2)    If
        the
        notice provided for in (1) hereof shall have been given, and the term shall
        expire as aforesaid, or if Tenant shall make default in the payment of the
        rent
        reserved herein of any item of additional rent herein mentioned or any part
        of
        either or in making any other payment herein required; then in any of such
        events Owner may without notice, re-enter the demised premises either by
        force
        or otherwise, and dispossess Tenant by summary proceedings or otherwise,
        and the
        legal representative of Tenant or other occupant of demised premises and
        remove
        their effects and hold the premises as if this lease had not been made, and
        Tenant hereby waives the service of notice of intention to re-enter or to
        institute legal proceedings to that end. If tenant shall make default hereunder
        prior to the date fixed as the commencement of any renewal or extension of
        this
        lease, Owner may cancel and terminate such renewal or extension agreement
        by
        written notice.

      

      Remedies
        of Owner and Waiver of Redemption:    18.
        In
        case of any such default, re-entry, expiration and/or dispossess by summary
        proceedings or proceedings or otherwise, (a) the rent, and additional rent,
        shall become due thereupon, and be paid up to the time of such re-entry,
        dispossess and/or expiration, (b) Owner may relet the premises or any part
        or
        parts thereof, either in the name of Owner or otherwise, for a term or terms,
        which may at Owner’s option be less than or exceed the period which would
        otherwise have constituted the balance of the term of this lease and may
        grant
        concessions or free rent or charge a higher rent than that in this lease,
        (c)
        Tenant or the legal representatives of Tenant shall also pay Owner as liquidated
        damages for the failure of Tenant to observe and perform said Tenant’s covenants
        herein contained, any deficiency between the rent hereby reserved and/or
        covenanted to be paid and the net amount, if any, of the rents collected
        on
        account of the subsequent lease or leases of the demised premises for each
        month
        of the period which would otherwise have constituted the balance of the term
        of
        the lease. The failure of Owner to relet the premises or any part or part
        thereof shall not release or affect Tenant’s liability for damages. In computing
        such liquidated damages there shall be added to the said deficiency such
        expenses as Owner may incur in connection with reletting, such as legal
        expenses, reasonable attorneys’ fees, brokerage, advertising and for keeping the
        demised premises in good order or for preparing the same, for reletting.
        Any
        such liquidated damages shall be paid in monthly installments by Tenant on
        the
        rent day specified in this lease and any suit brought to collect the amount
        of
        the deficiency for any month shall not prejudice in any way the rights of
        Owner
        to collect the deficiency for any subsequent month by a similar proceeding.
        Owner, in putting the demised premises in good order or preparing the same
        for
        re-rental may, at Owner’s option, make such alterations, repairs, replacements,
        and/or decorations in the demised premises as Owner, in Owner’s sole judgment,
        considers advisable and necessary for the purpose of reletting the demised
        premises, and the making of such alterations, repairs, replacements, and/or
        decorations shall not operate or be construed to release Tenant from liability
        hereunder as foresaid. 15.
        Owner
        shall in no event be liable in any way whatsoever for failure to re1et the
        demised premises, or in the event that the demised premises are relet for
        failure to collect the rent thereof under such reletting, and in no event
        shall
        Tenant be entitled to receive any excess, if any, of such net rents collected
        over the sums payable by Tenant to Owner hereunder. In the event of a breach
        or
        threatened breach by 16.
        of any
        of the covenants or provisions hereof, 17.
        shall
        have the right of injunction and the right to invoke any remedy allowed at
        law
        or in equity as if re-entry, summary proceedings and other remedies were
        nor
        herein provided for. Mention in this lease of any particular remedy, shall
        not
        preclude Owner from any other remedy, in law or in equity. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Fees
        and Expenses:    19.
        If
        Tenant shall default in the observance or performance of any 18. term
        or
19.
        covenant
        on Tenant’s part to be observed or performed under or by virtue of any of the
        terms or provisions in any article of this lease, after notice if required
        and
        upon expiration of any applicable grace period if any, (except in an emergency),
        then, unless otherwise provided elsewhere in this lease, Owner may immediately
        or at any time thereafter and without notice perform the obligation of Tenant
        thereunder. If Owner, in connection with the foregoing or in connection with
        any
        default by Tenant in the covenant to pay rent hereunder, makes any expenditures
        or incurs any obligations for the payment of money, including but not limited
        to
        reasonable attorney’s fees, in instituting, prosecuting or defending any action
        or proceedings, and prevails in any such action or proceeding, then Tenant
        will
        reimburse Owner for such claims so paid or obligations incurred with interest
        and costs. The foregoing expenses incurred by reason of Tenant’s default shall
        be deemed to be additional rent hereunder and shall be paid by Tenant to
        Owner
        within ten (10) days of rendition of any bill or statement to Tenant therefor.
        If Tenant’s lease term shall have expired at the time of making of such
        expenditures or incurring of such obligations, such sums shall be recoverable
        by
        Owner as damages.

      

      Building
        Alterations and Management No Representations by Owner:    20.
        Owner
        shall have the right at any time without the same constituting an eviction
        and
        without incurring liability to Tenant therefor to change the arrangement
        and/or
        location of public entrances, passageways, doors, doorways, corridors,
        elevators, stairs, toilets or other public parts of the building and to change
        the ___________________________________________.

       

      No
        Representations by Owner:    21. Neither
        Owner nor Owner’s agents have made any representations or promises with respect
        to the physical condition of the building, the land upon which it is erected
        or
        the demised premises, the rents, leases, expenses of operation or any other
        matter or thing affecting or related to the demised premises or the building
        except as herein expressly set forth and no rights, easements or licenses
        are
        acquired by Tenant by implication or otherwise except as expressly set forth
        in
        the provisions of this lease. Tenant has inspected the building and the demised
        premises and is thoroughly acquainted with their condition and agrees to
        take
        the same “as is” on the date possession is tendered and acknowledges that this
        taking of possession of the demised premises by Tenant shall be conclusive
        evidence that the said premises and the building of which the same form a
        part
        were in good and satisfactory condition at the time such possession was so
        taken, except as to latent defects. All understandings and agreements heretofore
        made between the parties hereto are merged in this contract, which alone
        fully
        and completely expresses the agreement between Owner and Tenant and any
        executory agreement hereafter made shall be ineffective to change, modify,
        discharge or effect an abandonment of it in whole or in part, unless such
        executory agreement is in writing and signed by the party against whom
        enforcement of the change, modification, discharge or abandonment is
        sought.

      

      End
        of Term:    22.
        Upon
        the expiration or other termination of the term of this lease, Tenant shall
        quit
        and surrender to Owner the demised premises, broom clean, in good order and
        condition, ordinary wear and damages which Tenant is not required to repair
        as
        provided elsewhere in this lease excepted, and Tenant shall remove all its
        property from the demised premises. 21.
        Tenant’s
        obligation to observe or perform this covenant shall survive the expiration
        or
        other termination of this lease. If the last day of the term of this lease,
        or
        any renewal thereof, falls on Sunday, this lease shall expire at noon on
        the
        proceeding Saturday unless it be a legal holiday in which case it shall expire
        at noon on the preceding business day.

      

      Quiet
        Enjoyment:    23.
        Owner
        covenants and agrees with Tenant that upon Tenant paying the rent and additional
        rent and observing and performing all the terms, covenants and conditions
        on
        Tenant’s part to be observed and performed, Tenant may peaceably and quietly
        enjoy the premises hereby demised, subject, nevertheless, to the terms and
        conditions of this lease including, but not limited to, Article 34 hereof
        and to
        the ground leases, underlying leases and mortgages hereinbefore
        mentioned.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Failure
        to Give Possession:    24.
        If
        Owner is unable to give possession of the demised premises on date of the
        commencement of the terms hereof, because of the holding-over or retention
        of
        possession of any tenant, undertenant or occupants or if the demised premises
        are located in a building being constructed, because such building has not
        been
        sufficiently completed to make the premises ready for occupancy or because
        of
        the fact that a certificate of occupancy has not been procured or if Owner
        has
        not completed any work required to be performed by Owner, or for any other
        reason, Owner shall not be subject to any liability for failure to give
        possession on said date and the validity of the lease shall not be impaired
        under such circumstances, nor shall the same be construed in any way to extend
        the term of this lease, but the rent payable hereunder shall be abated (provided
        Tenant is not responsible for Owner’s inability to obtain possession or complete
        any work required) until after Owner shall have given Tenant notice that
        Owner
        is able to deliver possession in the condition required by this lease. If
        permission is given to Tenant to enter into the possession of the demised
        premises or to occupy premises other than the demised premises prior to the
        date
        specified as the commencement of the term of this lease, Tenant covenants
        and
        agrees that such possession and/or occupancy shall be deemed to be under
        all
        ther terms, covenants, conditions and provisions of this lease, except the
        obligation to pay the fixed annual rent set forth in page one of this lease.
        The
        provisions of this article are intended to constitute “an express provision to
        the contrary” within the meaning of Section 223-a of the New York Real Property
        Law..

      

      No
        Waiver:    25.
        The
        failure of Owner to seek redress for violation of, or to insist upon the
        strict
        performance of any covenant or condition of this lease or of any of the Rules
        or
        Regulations, set forth or hereafter adopted by Owner, shall not prevent a
        subsequent act which would have originally constituted a violation from having
        all the force and effect of an original violation. The receipt by Owner of
        rent
        with knowledge of the breach of any covenant of this lease shall not be deemed
        a
        waiver of such breach and no provision of this lease shall be deemed to have
        been waived by Owner unless such waiver be in writing signed by Owner. No
        payment by Tenant or receipt by Owner of a lesser amount than the monthly
        rent
        herein stipulated shall be deemed to be other than on account of the earliest
        stipulated rent, nor shall any endorsement or statement of any check or any
        letter accompanying any check or payment as rent be deemed an accord and
        satisfaction, and Owner may accept such check or payment without prejudice
        to
        Owner’s right to recover the balance of such rent or pursue any other remedy in
        this lease provided. All checks tendered to Owner as and for the rent of
        the
        demised premises shall be deemed payments for the account of Tenant. Acceptance
        by Owner of rent from anyone other than Tenant shall not be deemed to operate
        as
        an allotment to Owner by the payor of such rent or as a consent by Owner
        to an
        assignment or subletting by Tenant of the demised premises to such payor,
        or as
        a modification of the provisions of this lease. No act or thing done by Owner
        or
        Owner’s agents during the term hereby demised shall be deemed an acceptance of
        a
        surrender of said premises and no agreement to
        ______________________________________________________________________________________proceeding
        or counterclaim brought by either of the parties hereto against the other
        (except for personal injury or property damage) on any matters whatsoever
        arising out of or in any way connected with this lease, the relationship
        of
        Owner and Tenant, Tenant’s use of or occupancy of said premises, and any
        emergency statutory or any other statutory remedy. It is further mutually
        agreed
        that in the event Owner commences any proceeding or action for possession
        including a summary proceeding for possession of the premises, Tenant will
        not
        interpose any counterclaim of whatever nature or description in any such
        proceeding including a counterclaim under Article 4 except for statutory
        mandatory counterclaims.

      

      Inability
        to Perform:    27.
        This
        lease and the obligation of Tenant to pay rent hereunder and perform all
        of the
        other covenants and agreements hereunder on part of Tenant to be performed
        shall
        in no wise be affected, impaired or excused because Owner is unable to fulfill
        any of its obligations under this lease or to supply or is delayed in supplying
        any service expressly or impliedly to be supplied or is unable to make, or
        is
        delayed in making any repair, additions, alterations or decorations or is
        unable
        to supply or is delayed in supplying any equipment, fixtures or other materials
        if Owner is prevented or delayed from doing so by reason of strike or labor
        troubles or any cause 22.
        beyond
        Owner’s sole control including, but not limited to, government preemption or
        restrictions or by reason of any rule, order or regulation of any department
        or
        subdivision thereof or any government agency or by reason of the conditions
        which have been or are affected, either directly or indirectly, by war or
        other
        emergency 23.

      

      Bills
        and Notices:    28.
        Except as otherwise in this lease provided, a bill statement, notice or
        communication which Owner may desire or be required to give to Tenant, shall
        be
        deemed sufficiently given or rendered if, in writing, delivered to Tenant
        personally or sent by registered or certified mail addressed to Tenant in
        accordance with Article 63 of the Rider and the time of the rendition of
        such
        bill or statement and of the giving of such notice or communication shall
        be
        deemed to be the time when the same is delivered to Tenant, mailed, or left
        at
        the premises as herein provided. Any notice by Tenant to Owner must be served
        by
        registered or certified mail addressed to Owner in accordance with Article
        63 of
        the Rider or at such other address as Owner shall designate by written
        notice.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Water
        Charges:    29.

      

      Sprinklers:    30.

      

      Elevators,
        Heat, Cleaning:    31.
        As
        long as Tenant is not in default under any ____________________________ a.m.
        to
        1 p.m.; (d) clean the public halls and public portions of the building which
        are
        used in common by all tenants. Tenant shall, at Tenant’s expense, keep the
        demised premises, including the windows, clean and in order, to the reasonable
        satisfaction of Owner, and for that purpose shall employ the person or persons,
        or corporation approved by Owner. Tenant shall pay to Owner the cost of removal
        of any of Tenant’s refuse and rubbish from the building. Bills for the same
        shall be rendered by Owner to Tenant at such time as Owner may elect and
        shall
        be due and payable hereunder, and the amount of such bills shall be deemed
        to
        be, and be paid as, additional rent. Tenant shall, however, have the option
        of
        independently contracting for the removal of such rubbish and refuse in the
        event that Tenant does not wish to have same done by employees of Owner.
        Under
        such circumstances, however, the removal of such refuse and rubbish by others
        shall be subject to such rules and regulations as, in the judgment of Owner,
        are
        necessary for the proper operation of the building. Owner reserves the right
        to
        stop service of the heating, elevator, plumbing and electric systems, when
        necessary, by reason of accident, or emergency, or for repairs, alterations,
        replacements or improvements, in the judgment of Owner desirable or necessary
        to
        be made, until said repairs, alterations, replacements or improvements shall
        have been completed. If the building of which the demised premises are a
        part
        supplies manually operated elevator service, Owner may proceed diligently
        with
        alterations necessary to substitute automatic control elevator service without
        in any way affecting the obligations of Tenant hereunder.

      

      Security:    32.
        Tenant has deposited with Owner the sum of $29,750 as security for the faithful
        provisions and conditions of this lease, it is agreed that in the event Tenant
        defaults in respect of any of the terms, provisions and conditions of this
        lease, including, but not limited to, the payment of rent and additional
        rent,
        Owner may use, apply or retain the whole or any part of the security so
        deposited to the extent required for the payment of any rent and additional
        rent
        or any other sum as to which Tenant is in default 25.
        or for
        any sum which Owner may expend or may be required to expend by reason of
        Tenant’s default in respect of any of the terms, covenants and conditions of
        this lease, including but not limited to, any damages or deficiency in the
        reletting of the premises, whether such damages or deficiency accrued before
        or
        after summary proceedings or other re-entry by Owner. In the event that Tenant
        shall fully and faithfully comply with all of the terms, provisions, covenants
        and conditions of this lease 26.
        or 6.?
        the
        security shall be returned to Tenant after the date fixed as the end of the
        Lease and after delivery of entire possession of the demised premises to
        Owner.
        In the event of a sale of the land and building or leasing of the building,
        of
        which the demised premises form a part, Owner shall have the right to transfer
        the security to the vendee or lessee and Owner shall thereupon be released
        by
        Tenant from all liability solely for the return of said security, and it
        is
        agreed that the provisions hereof shall apply to every transfer or assignment
        made of the security to a new Owner. Tenant further covenants that it will
        not
        assign or encumber or attempt to assign or encumber the monies deposited
        herein
        as security and that neither Owner nor its successors or assigns shall be
        bound
        by any such assignment, encumbrance, attempted assignment or attempted
        encumbrance.

      

      Captions:    33.
        The
        captions are inserted only as a matter of convenience and for reference and
        in
        no way define, limit or describe the scope of this lease nor the intent of
        any
        provision thereof.

      

      Definitions:    34.
        The
        term “Owner” as used in this lease means only the owner of the fee or of the
        leasehold of the building, or the mortgage in possession, for the time being
        of
        the land and building (or the owner of a lease of the building or of the
        land
        and building) of which the demised premises form a part, so that in the event
        of
        any sale or sales of said land and building or of said lease, or in the event
        of
        a lease of said building, or of the land and building, the said Owner shall
        be
        and hereby is entirely freed and relieved of all covenants and obligations
        of
        Owner hereunder, and it shall be deemed and construed without further agreement
        between the parties or their successors in interest, or between the parties
        and
        the purchaser, at any such sale, or the said lessee of the building, or of
        the
        land and building, that the purchaser or lessee of the building has assumed
        and
        agreed to carry out any and all covenants and obligations of Owner hereunder.
        The words “re-enter” and “re-entry” as used in this lease are not restricted to
        their technical legal meaning. The term “rent” includes the annual rental rate
        whether so expressed or expressed in monthly installments, and “additional
        rent.” “Additional rent” means all sums which shall be due to Owner from Tenant
        under this lease, in addition to the annual rental rate. The term ‘business
        days” as used in this lease, shall exclude, Saturdays, Sundays and all days
        observed by the State or Federal Government as legal holidays and those
        designated as holidays by the applicable building service union employees
        service contract or by the applicable Operating Engineers contract with respect
        to HVAC service. Wherever it is expressly provided in this lease that consent
        shall not be unreasonably withheld, such consent shall not be unreasonably
        delayed.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Adjacent
        Excavation Shoring:    35.
        If an
        excavation shall be made upon land adjacent to the demised premises, or shall
        be
        authorized to be made, Tenant shall afford to the person causing or authorized
        to cause such excavation, license to enter upon the demised premises for
        the
        purpose of doing such work as said person shall deem necessary to preserve
        the
        wall or the building of which demised premises form a part from injury or
        damage
        and to support the same by proper foundations without any claim for damages
        or
        indemnity against Owner, or diminution or abatement of rent.

      

      Rules
        and Regulations:    36.
        Tenant and Tenant’s servants, employees, agents, visitors, and licensees shall
        observe faithfully, and comply strictly with, the Rules and Regulations annexed
        hereto and such other and further reasonable Rules and Regulations as Owner
        or
        Owner’s agents may from time to time adopt. 27.
        Notice
        or
        any additional rules or regulations shall be given in such manner as Owner
        may
        elect. In case Tenant disputes the reasonableness of any additional Rule
        or
        Regulation hereafter made or adopted by Owner or Owner’s agents, the parties
        hereto agree to submit the question of the reasonableness of such Rule or
        Regulation for decision to the New York office of the American Arbitration
        Association, whose determination shall be final and conclusive upon the parties
        hereto. The right to dispute the reasonableness of any additional Rule or
        Regulation upon Tenant’s part shall be deemed waived unless the same shall be
        asserted by service of a notice, in writing upon Owner within fifteen (15)
        days
        after the giving of notice thereof. Nothing in this lease contained shall
        be
        construed to impose upon Owner any duty or obligation to enforce the Rules
        and
        Regulations or terms, covenants or conditions in any other lease, as against
        any
        other tenant and Owner shall not be liable to Tenant for violation of the
        same
        by any other tenant, its servants, employees, agents, visitors or
        licensees.

      

      Glass:    37.
        Owner
        shall replace, at the expense of the Tenant, any and all plate and other
        glass
        damaged or broken from any cause whatsoever in and about the demised premises.
        Owner may insure, and keep insured, at Tenant’s expense, all plate and other
        glass in the demised premises for and in the name of the Owner. Bills for
        the
        premiums therefor shall be rendered by Owner to Tenant at such times as Owner
        may elect, and shall be due, from, and payable by, Tenant when rendered,
        and the
        amount thereof shall be deemed to be, and be paid, as additional
        rent.

      

      Estoppel
        Certificate:    38.
        Tenant, at any time, and from time to time, upon at least 10 days’ prior notice
        by Owner, shall execute, acknowledge and deliver to Owner, and/or to any
        other
        person, firm or corporation specified by Owner, a statement certifying that
        this
        lease is unmodified in full force and effect (or, if there have been
        modifications, that the same is in full force and effect as modified and
        stating
        the modifications), stating the dates to which the rent and additional rent
        have
        been paid, and stating whether or not there exists any default by Owner under
        this lease, and, if so, specifying each such default.

      

      Directory
        Board Listing:    39.
        If,
        at the request of and as accommodation to Tenant, Owner shall place upon
        the
        directory board in the lobby of the building, one or more names of persons
        other
        than Tenant, such directory board listing shall not be construed as the consent
        by Owner to an assignment or subletting by Tenant to such person or
        persons.

      

      Successors
        and Assigns:    40.
        The
        covenants, conditions and agreements contained in this lease shall bind and
        inure to the benefit of Owner and Tenant and their respective heirs,
        distributees, executors, administrators, successors, and except as otherwise
        provided in this lease, their assigns. Tenant shall look only to Owner’s estate
        and interest in the land and building for the satisfaction of Tenant’s remedies
        for the collection of a judgment (or other judicial process) against Owner
        in
        the event of any default by Owner hereunder, and no other property or assets
        of
        such Owner (or any partner, member, officer or director thereof, disclosed
        or
        undisclosed), shall be subject to levy, execution or other enforcement procedure
        for the satisfaction of Tenant’s remedies under or with respect to this lease,
        the relationship of Owner and Tenant hereunder, or Tenant’s use and occupancy of
        the demised premises.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      In
        Witness Whereof,
        Owner
        and Tenant have respectively signed and sealed this lease as of the day and
        year
        first above written.

      

      
        	 	 	
                S.I.K.
                  ASSOCIATES

              
	 	 	 	 	 
	
                Witness
                  for Owner:

              	 	
                By:

              	/s/
                S.I.K. Associates	
                L.S.

              
	 	 	 	 	 
	 	 	 	
                E
                  & M Advertising, Inc.

              	 
	 	 	 	 	 
	 	 	 	/s/
                Roger Kohl	 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
FOOTNOTES
        TO LEASE DATED: January 29th,
        1999

      

      -
        between
        -

      

      S.I.K.
        ASSOCIATES

      Owner

      

      -
        and
        -

      

      E
&
M
        ADVERTISING, INC.

      Tenant

      

      

      for
        space
        consisting of the entire eighth (8th)
        floor
        in the building known as 462 Seventh Avenue,

      New
        York, NY 10123

       

      
        
          

        

      

       

      
        	
                1.

              	
                a
                  structural

              

      

      
        	
                2.

              	
                not
                  to be unreasonably withheld.

              

      

      
        	
                3.

              	
                Owner
                  shall cooperate with Tenant to obtain the
                  same.

              

      

      
        	
                4.

              	
                reasonably

              

      

      
        	
                5.

              	
                provide
                  that Tenant shall have the option to remove any installation it
                  pays for
                  and that. Tenant shall not be required to remove any installations
                  made at
                  the premises unless (1) such installations are of a type not customarily
                  installed by Tenants of spaces similar to the demised premises
                  and (2)
                  Owner gave Tenant notice that Tenant shall be required to remove
                  the same
                  within ten (10) days of Owner's receipt of Tenant's plans with
                  respect
                  thereto.

              

      

      
        	
                6.

              	
                provide
                  that all repairs by owner shall be performed with due diligence
                  and shall
                  not unreasonably interfere with Tenant's use and occupancy of the
                  demised
                  premises. Provide for a rent abatement if Tenant cannot use any
                  portion of
                  the demised premises due to a failure of services or a failure
                  of Owner to
                  properly maintain and repair the demised premises if Tenant's inability
                  to
                  use the demised premises continue for more than three (3) days
                  rent shall
                  abate.

              

      

      
        	
                7.

              	
                From
                  and after

              

      

      
        	
                8.

              	
                reasonable

              

      

      
        	
                9.

              	
                or
                  Tenant

              

      

      
        	
                10.

              	
                the
                  other party

              

      

      
        	
                11.

              	
                either
                  party's

              

      

      
        	
                12.

              	
                Owner
                  shall proceed with clue diligence to perform and complete the
                  restoration.

              

      

      
        	
                13.

              	
                upon
                  reasonable notice

              

      

      
        	
                14.

              	
                material

              

      

      
        	
                15.

              	
                provided
                  owner shall use its reasonable efforts to re-let the demised
                  premises.

              

      

      
        	
                16.

              	
                either
                  party

              

      

      
        	
                17.

              	
                The
                  other party

              

      

      
        	
                18.

              	
                material

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                19.

              	
                material

              

      

      
        	
                20.

              	
                provided,
                  that any changes, work performed or entry into the demised premises
                  pursuant to this Article shall be made in a manner so as not to
                  unreasonably interfere with Tenant's use or
                  occupancy

              

      

      
        	
                21.

              	
                which
                  it is required to remove under this
                  Lease.

              

      

      
        	
                22.

              	
                beyond
                  owner's reasonable control

              

      

      
        	
                23.

              	
                In
                  the event Tenant is unable to occupy or utilize the demised premises
                  resulting from a failure to provide access or essential services,
                  rent and
                  additional rent shall abate during such periods. If Tenant is unable
                  to
                  occupy or utilize the demised premises for thirty (30) consecutive
                  business days, Tenant shall have a right to terminate this
                  lease.

              

      

      
        	
                24.

              	
                twenty-four
                  (24) hours a day, seven (7) days a
                  week;

              

      

      
        	
                25.

              	
                beyond
                  the applicable notice and grace
                  period.

              

      

      
        	
                26.

              	
                Within
                  the applicable grace periods,

              

      

      
        	
                27.

              	
                Provided
                  that such rules and regulations do not materially interfere with
                  the
                  conduct of Tenant's business or conflict with Tenant's rights under
                  this
                  Lease.

              

      

      

       

      
        	 	
                S.I.K
                  ASSOCIATES

              	 
	 	 	 	 	 
	 	
                BY:

              	/s/
                S.I.K. Associates	 	
                L.S.

              
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	
                E
                  & M ADVERTISING, INC.

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	
                BY:

              	
                /s/Roger
                  Kohl

              	 	
                L.S.

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      RIDER
        ATTACHED AND MADE PART OF LEASE DATED: January 29th,
        1999

      

      -
        between
        -

      

      S.I.K.
        ASSOCIATES

      Owner

      

      -
        and
        -

      

      E
&
M
        ADVERTISING, INC.

      Tenant

      

      

      for
        space
        consisting of the entire eighth (8th)
        floor
        in the building known as 462 Seventh Avenue,

      New
        York, NY 10123

      

      
        
          

        

      #41.    Tenant
        shall pay base annual rental to Owner as follows:

      

      
        	 	 	 	
                First
                  three (3) months --- FREE RENT;

              

      

      

      
        	 	 	 	
                Year
                  1 - $178,500.00 per annum ($14,875.00 per
                  mo.);

              

      

      

      
        	 	 	 	
                Year
                  2 - $183,855.00 per annum ($15,321.25 per
                  mo.);

              

      

      

      
        	 	 	 	
                Year
                  3 - $189,370.00 per annum ($15,780.83 per
                  mo.);

              

      

      

      
        	 	 	 	
                Year
                  4 - $195,051.00 per annum ($16,254.25 per
                  mo.);

              

      

      

      
        	 	 	 	
                Year
                  5 - $200,903.00 per annum ($16,741.32 per
                  mo.);

              

      

      

      
        	 	 	 	
                Year
                  6 - $206,930.00 per annum ($17,244.17 per
                  mo.);

              

      

      

      
        	 	 	 	
                Year
                  7 - $213,138.00 per annum ($17,761.50 per
                  mo.).

              

      

      

      (plus
        additional rental hereafter provided)

      

      42.    TERM
        & COMMENCEMENT OF LEASE:
        owner
        hereby leases to Tenant and Tenant hereby hires from Owner space consisting
        of
        the entire eighth (8th)
        floor
        (the "Demised Premises") in the Building known as 462 Seventh Avenue in the
        Borough of Manhattan, City of New York (the "Building"), for the term of
        approximately seven (7) years & three (3) months or until such term shall
        sooner cease and expire as hereinafter provided) to commence as provided
        in the
        Work Letter hereof and ending on the last day of the calendar month following
        the seventh (7th)
        year
        anniversary of the Commencement Date (the "Expiration Date"), both dates
        inclusive, at annual rental rates, as provided in Article #42 (the "Fixed
        Rent"), which Tenant agrees to pay in lawful money of the United states which
        shall be legal tender in payment of all debts and dues, public and private,
        at
        the time of payment, in equal monthly installments in advance on the first
        day
        of each month during said term, at the office of owner or such other place
        as
        owner may designate, without any set off or deduction
        whatsoever.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      The
        term
        of this Lease shall commence on a date fixed by Owner in a written notice
        to
        Tenant, which notice shall (a) state that on or prior to that date set forth
        in
        said notice, Owner's work shall be deemed substantially completed and (b)
        notice
        which shall not be given earlier than five (5) days prier to the substantial
        completion date.

      

      The
        Owner
        contemplates that work will be completed and commencement date of this Lease
        shall be March 1st,
        1999.
        In the event that work is not completed by said date, the free rent period
        shall
        be extended so that in any event, the Tenant shall have free rent for a period
        of three (3) months.

      

      #43.    REAL
        ESTATE TAX:
        The
        term Real Estate Taxes shall mean all the Real Estate Taxes and assessments,
        special or otherwise, levied, assessed or imposed by the federal, state or
        local
        governments against or upon the building of which the Demised Premises form
        a
        part or the land capon which it is erected, and any improvements or additions
        to
        the land or building whether existing now, or in the future. If due to a
        future
        change in the method of taxation, any franchise, income, profit or other
        tax, or
        other payment, shall be levied against owner in whole or in part in substitution
        for or in lieu of any tax which would otherwise constitute a Real Estate
        Tax,
        such franchise, income, profit, or other tax or payment, shall be deemed
        to be
        Real Estate Taxes for purposes hereof.

      

      In
        the
        event that the Real Estate Taxes levied on the property of which the demised
        premises are a part shall for any year after the fiscal year 1999/2000 be
        in
        excess of the Real Estate Taxes levied against the said property for the
        fiscal
        year 1999/2000 hereafter known as the "base tax year", the Tenant shall pay
        to
        the owner as additional rent an amount equal to 4% ("Tenant's Share") of
        such
        excess, if any in addition, Tenant shall pay for each and every tax year,
        Tenant's share of the business improvement district or special assessment
        taxes
        levied against owner for the district in which the building is located. The
        submission of a duplicate original tax bill of the owner shall be deemed
        conclusive evidence of the amount of the taxes paid by the Owner for each
        year
        and shall be the basis for the computation of any excess so to be paid by
        the
        Tenant. Such excess in the case of Real Estate Taxes, and Tenant's share
        of the
        business improvement district taxes shall each be payable within ten (10)
        days
        of receipt of the bill. The obligation to make any payments of additional
        rent
        pursuant to this Article shall survive the expiration or other termination
        of
        this Lease.

      

      #44.    AIR-CONDITIONING:
        The
        owner hereby grants the Tenant permission to use the one (1) central
        air-conditioning unit(s) currently installed in the demised premises, which
        one
        (1) central air-conditioning unit is the property of the Owner and may be
        used
        by the Tenant during its occupancy of the demised premises. it is understood
        and
        agreed that Tenant will execute and comply with all the laws, rules, orders,
        ordinances and regulations of any governmental and quasi-governmental Bureaus
        and Departments having jurisdiction thereover, and of the New York hoard
        of Fire
        Underwriters and the New York Fire insurance Rating organization. the property
        of the owner and may not be removed by Tenant without the permission of
        Owner.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Tenant
        shall maintain an air-conditioning service contract with an air-conditioning
        Service Company to be approved by the Owner for the term of this Lease. Copies
        of said contract must be submitted to Owner on an annual basis.

      

      Owner
        shall place the one (1) central air-conditioning unit in good working order
        at
        time of possession and owner shall be responsible for all major repairs and/or
        replacement, if necessary of the said one (1) central air-conditioning unit
        throughout the term of this Lease.

      

      #45.    All
        hanging fluorescent light fixtures and any other light fixtures installed
        by the
        tenant or owner shall become the property of the Owner and shall remain within
        the demised premises at the termination of this Lease unless the owner grants
        specific permission to the Tenant to remove said light fixtures.

      

      Any
        and
        all central air conditioning unit(s) including duct work and window
        air-conditioning unit(s) installed by the Tenant or the owner, shall become
        the
        property of the Owner and may not be removed unless the Owner grants specific
        permission to the Tenant to remove said central air-conditioning unit(s)
        or
        window air conditioning unit(s).

      

      #46.    INSURANCE:
        Tenant
        at its own cost and expense, shall maintain at all times from the date that
        it
        shall first enter the premises for the mutual benefit of Owner and Tenant
        comprehensive public liability insurance against claims for personal injury
        or
        death or property damage occurring In or about the Demised Premises or resulting
        directly or indirectly from any change, alteration, construction, improvement
        or
        repair, or any installation thereat made by or on behalf of the Tenant, with
        $1,000,000 combined single limit. The insurance required hereunder shall
        be
        effected valid and enforceable policies issued by Insurance companies of
        recognized responsibility, authorized and licensed to do business in the
        State
        of New York.

      

      Prior
        to
        Tenant's entry into the Demised Premises and at hereafter no less than thirty
        (30) days prior to the expiration date of any expiring policy, originals
        of each
        such policy or renewal policy, as the case may be, shall be delivered by
        Tenant
        to owner with proof of payment of the respective premiums therefor. Each
        such
        policy or renewal policy shall contain a requirement that the same may not
        be
        cancelled without giving written notice to owner at least fifteen (15) days
        prior to the proposed date of cancellation.

      

      In
        the
        event Tenant fails to furnish any such policy on the date therefor, Owner
        may
        obtain the same, all at Tenant's expense, and the cost thereof shall be deemed
        additional rent and shall be paid within ten (10) days after the rendition
        of a
        bill therefor.

      

      #47.    BROKER:
        Tenant
        warrants and represents to Owner that it has had no dealings with any broker
        or
        agent except Kaufman Management Company, LLC and the broker listed below
        if any
        in connection with this lease and Broker: Newmark & Company Real Estate,
        Inc./Robert A. Silver & Dan Segal.

      

      #48.    CONCESSION:
        Tenant
        shall be granted a rent abatement period for the first (3) months of this
        Lease.
        However, Tenant Shall be responsible for the payment of additional rent and
        all
        other charges including electricity commencing Immediately upon Tenant having
        access to the demised premises. Payment of rent commence upon the fourth
        (4th)
        month
        of this Lease.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      If
        the
        owner is unable to deliver possession of the demised premises by June
        1st,
        1999,
        the Tenant shall receive a rent abatement of two (2) days of free rent for
        each
        one (1) day that possession is delayed beyond June 1th,
        1999.

      

      #49.    HOLDOVER:
        If the
        Demised Premises are not surrendered and vacated as and at the time required
        by
        this lease whether it be a natural expiration or an expiration due to default
        (time being of the essence). Tenant shall be liable to Owner for (a) all
        losses,
        costs, liabilities and damages which Owner may incur by reason thereof,
        including without limitation, reasonable attorneys fees, and Tenant shall
        indemnify, defend and hold harmless Owner against all claims made by any
        succeeding tenants against owner or otherwise arising out of or resulting
        from
        the failure of tenant to timely surrender and vacate the Demised Premises
        in
        accordance with the provisions of this lease, and (b) per diem use and occupancy
        with respect to the Demised Premises equal to one point five times the fixed
        rent and additional rent payable under this lease for the last year of the
        term
        of this Lease (which amount owner and Tenant presently agree is the minimum
        to
        which Owner would be entitled, is presently contemplated by there as being
        fair
        and reasonable under such circumstances and is not a penalty). In no event,
        however, shall this Article be construed as permitting Tenant to hold over
        in
        possession of the Demised Premises after the expiration or termination of
        the
        term of this lease.

      

      #50.    Sublease,
        Assignments, etc.:

      

      Except
        as
        provided in this Paragraph 50, Tenant shall not by operation of law or otherwise
        assign, mortgage or encumber this Lease, neither sublet nor permit the Demised
        Premises or any part thereof to be used by any person or entity other than
        the
        Tenant. An assignment under this lease shall be deemed to include any sale,
        transfer or other disposition of fifty (50%) percent or more of the shares
        of
        stock of the tenant and shall also include any change of control in the
        corporate tenant.

      

      Any
        attempted assignment or subletting made contrary to the provisions of this
        paragraph shall be null and void. No consent by Owner to any assignment or
        subletting shall in any manner be considered to relieve Tenant from obtaining
        Owners express written consent to further subletting.

      

      Subject
        to the provisions of this paragraph owner shall not unreasonably withhold
        or
        delay its consent to an assignment of this lease, or to a subletting of the
        premises demised hereunder, provided that, at the time of such assignment or
        sublease the Tenant shall not be in default.

      

      1.        
        Tenant
        shall submit to the owner references of the prospective assignee or subtenant
        which the Owner deems satisfactory;

      

      2.        
        Any
        assignment or subletting be effected pursuant to a written instrument in
        form
        reasonably satisfactory to owner or its counsel; and that a duplicate original
        thereof be delivered to owner within five (5) days following the date of
        its
        execution or within five (5) days from its effective date, whichever shall
        be
        sooner;

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      3.        
        Any
        assignment shall include the security deposited under the within
        lease;

      

      4.        
        In
        the
        event of a assignment, the assignee agrees in writing to assume all of the
        terms
        covenants and conditions of this lease on Tenant's part to be performed,
        and a
        duplicate original thereof be delivered to owner within five (5) days following
        the date of its execution or within five (5) days from its effective elate,
        whichever shall be sooner;

      

      5.        
        The
        liability of Tenant hereunder, and the liability of any assignee of this
        lease,
        shall survive any assignment or subletting, and such liability shall be
        unaffected by any extensions of time which owner may grant to any assignee
        or
        subtenant for the payment of any rent or other charges due hereunder, or
        for the
        performance of any other term, covenant or condition of this lease;

      

      6.        
        Whenever
        Tenant shall submit to owner any plan, agreement, or sublease or other document
        for owner's consent or approval in respect to the alterations of the demised
        premises, the subletting thereof or the assignment of this Lease, and Owner
        shall require the expert opinion of Owner's counsel or architect and/or such
        counsel for reviewing the said plan or instrument.

      

      B.       
        It
        is
        expressly understood and agreed that any request by the Tenant for the owner's
        consent to subleasing in excess of fifty (50%) percent of the demised premises
        or to assign this Lease shall be deemed to be an Irrevocable offer to the
        owner
        to surrender the within lease effective on the date contemplated in the
        subleasing or assignment for which the ‘tenant requests the Owner's consent and
        if said offer is accepted in writing by the Owner there shall be no further
        obligation on the part of either the Owner or the Tenant after the date set
        forth in this paragraph.

      

      C.         Nothing
        contained in this paragraph shall be construed as permitting an assignment
        or a
        subletting for any use other than the use expressly permitted under the terms
        of
        this lease.

      

      D.        If
        consent to an assignment or subletting for any either use contrary to the
        use
        stated in paragraph #2 of this Lease ("use clause") is requested, the owner
        shall be the sale judge whether he wishes to give his consent on the terms
        outlined In sections A and B of this paragraph and the Owner's judgment shall
        be
        final.

      

      #51.    
HAZARDOUS
        MATERIALS:
        Owner
        represents that there are no asbestos and/or hazardous materials in the demised
        premises.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      #53.    
EXECUTION
        & DELIVERY:
        The
        submission of this Lease to Tenant shall not be construed as an offer, nor
        shall
        Tenant have any rights with respect thereto unless and until owner shall
        execute
        a copy of this Lease and deliver the same to Tenant. Until such execution
        and
        delivery, any action taken or expense incurred by Tenant shall be at its
        sole
        risk and account.

      

      
        	 	
                S.I.K
                  ASSOCIATES

              	 
	 	 	 	 	 
	 	
                BY:

              	/s/
                S.I.K. Associates	 	
                L.S.

              
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	
                E
                  & M ADVERTISING, INC.

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	
                BY:

              	
                /s/Roger
                  Kohl

              	 	
                L.S.Exhibit 10.27

    
      

    

     

    
      Exhibit
        10.27

      

      EXTENSION
        OF LEASE AGREEMENT

      

      This
        Agreement made this 30th
        day of
        March 2004 between S.I.K. ASSOCIATES c/o Kaufman
        Management Company,
        LLC located at 450 Seventh Avenue, New York, NY 10123 hereinafter called
        “OWNER,” party of the first part and E & M ADVERTISING, INC. currently
        located at 462 Seventh Avenue, New York, NY 10018 hereinafter called “TENANT,”
party of the second part;

      

      WITNESSETH:

      

      WHEREAS:
        Owner
        and Tenant entered into an Original Indenture of Lease Agreement dated January
        29th,
        1999,
        whereby, the Owner leased to Tenant and Tenant hired from the Owner space
        consisting of the entire eighth (8th)
        floor
        of the building known as 462 Seventh Avenue, New York, NY 10018 as presently
        occupied by Tenant herein, for a term commencing March 15th,
        1999
        and expiring June 15th,
        2006;

      

      WHEREAS:
        Both
        Owner and Tenant are desirous of further extending the Original Indenture
        of
        Lease Agreement for a period of five (5) years and one-half (1/2) month
        commencing June 16th, 2006 and expiring June 30th,
        2011
        and the same is hereby extended under the following terms and
        conditions:

       

      
        	 	
                1.

              	
                RENTAL
                  SCHEDULE.
                  Tenant shall pay base annual rental to Owner a
                  follows:

              

      

       

      
        	
                PERIOD

              	
                ANNUAL
                  RENTAL

              	
                MONTHLY
                  RENTAL

              
	
                6/16/06
                  - 6/30/07

              	
                $224,000.00

              	
                $18,666.67

              
	
                7/1/07
                  - 6/30/08

              	
                $228,480.00

              	
                $19,040.00

              
	
                711108
                  - 6/30/09

              	
                $233,049.00

              	
                $19,420.75

              
	
                7/1/09
                  - 6130110

              	
                $237,710.00

              	
                $19,809.17

              
	
                7/1/10
                  -- 6/30111

              	
                $242,464.00

              	
                $20,205.33

              

      

       

      
        	 	
                2.

              	
                REAL
                  ESTATE TAX.
                  Tenant shall pay as additional rental a 4% increase in Real Estate
                  Tax
                  escalation over base year
                  2006/2007;

              

      

      

      
        	 	
                3.

              	
                OWNER’S
                  WORK.

              

      

      

      Owner
        at
        own cost and expense shall do the following work in a building standard
        manner:

      

      
        	 	
                -

              	
                Repaint
                  entire premises;

              

      

      
        	 	
                -

              	
                Recarpet
                  where desired by Tenant;

              

      

       

      All
        Other Terms and Conditions of Original Indenture of Lease Agreement Remain
        The
        Same

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      The
        sum
        of $29,750.00 heretofore deposited by the Tenant with the Owner as security
        under the said Lease is to be retained by the Owner for the extended term
        herein
        provided, upon the same terms and conditions as in the said Lease
        expressed;

       

      It
        is
        further understood and agreed that if the existing Lease under the Tenant
        holds
        said premises shall for any cause be cancelled or terminated before its date
        of
        expiration, then this extension shall likewise, at the option of the Owner
        be
        void and of no effect;

      

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

       

      
        	 	
                OWNER:
                  S.I.K. ASSOCIATES

              
	 	 	 	 	 
	 	
                BY:
                  

              	/s/
                S.I.K. Associates	
                L.S.

              
	 	 	 	
                Name:

              	 
	 	 	 	
                Title:

              	 

      

      

      

      
        	 	
                TENANT:
                  E & M ADVERTISING, INC.

              
	 	 	 	 	 	 
	 	
                BY:

              	
                /s/Roger
                  Kohl

              	
                L.S.

              
	 	 	 	
                Name:

              	
                Roger
                  Kohl

              	 
	 	 	 	
                Title:

              	
                COO/CFO

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