Document:

Exhibit 10.6

 

SECOND AMENDMENT
TO SUBLEASE

 

THIS SECOND AMENDMENT TO SUBLEASE (the “Second Amendment”) made as
of the 27th day
of January, 2010, by and between ARAMIS INC., a
Delaware corporation, and a wholly-owned subsidiary of THE ESTÉE LAUDER
COMPANIES INC., having an address at 767 Fifth Avenue, New York, New York 10153
(“Sublandlord”), and RSL MANAGEMENT CORP.,
a Delaware corporation, having an address at 767 Fifth Avenue, New York, New
York 10153 (“Subtenant”).

 

W I T N E S S E T H

 

WHEREAS, by that certain Lease dated as of July 10,
2003, between 767 Fifth Avenue, LLC (“Landlord”), as landlord, and
Sublandlord, as tenant, as amended pursuant to (i) that certain First
Amendment to Lease dated as of April 1, 2004, between Landlord and
Sublandlord, (ii) that certain Second Amendment to Lease dated as of December 28,
2004, between Landlord and Sublandlord, and (iii) that certain Third
Amendment to Lease dated as of January 5, 2007, between Landlord and
Sublandlord (as amended, the “Prime Lease”), Prime Landlord leased to
Sublandlord certain premises (the “Premises”), more particularly
described in the Prime Lease, located on the 37th through 43rd floors, the 45th
and 46th floors, the 6th floor, and concourse and basement levels of the
building situated in the Borough of Manhattan, City, County and State of New
York and known by the street address 767 Fifth Avenue, New York, New York 10153
(the “Building”), for a term expiring at noon on March 31, 2020.

 

WHEREAS, Subtenant is subleasing from
Sublandlord a portion of the Premises (the “Demised Premises”) pursuant
to that certain Agreement of Sublease dated as of April 1, 2005, between
Sublandlord and Subtenant as amended pursuant to that certain First Amendment
To Sublease dated as of February 28, 2007, between Sublandlord and
Subtenant, (the “Existing Sublease”) for a term expiring at 11:59 pm on March 31,
2010.

 

WHEREAS, Subtenant surrendered to Sublandlord an
area consisting of 576 usable square feet of the Demised Premises (the “Surrendered
Space”) and Sublandlord accepted such surrender from Subtenant upon the
terms and conditions set forth in the First Amendment to Sublease.

 

WHEREAS, Sublandlord and Subtenant desire to
modify and amend the Existing Sublease as hereinafter provided.  The Existing Sublease, as the same  is amended by this Second Amendment, is hereinafter
referred to collectively as the “Sublease”.

 

NOW,
THEREFORE, for
and in consideration of the mutual covenants herein contained and other good
and valuable consideration, the adequacy and receipt of which are hereby
acknowledged, Sublandlord and Subtenant hereby agree as follows:

 

 

1.             Definitions. 
All capitalized terms used herein shall have the meanings ascribed to
them in the Existing Sublease unless otherwise specifically set forth herein to
the contrary.

 

2.             Modifications of Suite 4200 of the
Building and the Surrendered Space.  The parties
acknowledge and agree to the following:

 

a. Effective as of January 1, 2010, the areas
comprising Suite 4200 of the Building, as and where shown on Exhibit A
attached hereto and made a part hereof, consist of the following: (i) the
Surrendered Space consisting of 883 rentable square feet; (ii) the Demised
Premises consisting of 6,633 rentable square feet; and (iii) the
additional office space consisting of 3,314 rentable square feet; and

 

b. Effective as of January 1, 2010, the following
occurred: (i) the Fixed Rent was reduced to $592,418.63 per annum; (ii) the
Subtenant’s Proportionate Share was reduced to 17.49%; and (iii) the Subtenant’s
Proportionate Share of the Additional Rent with respect to Services supplied
solely to Suite 4200 of the Building (exclusive of the Surrendered Space) as
set forth in Subsection 6 B of the Existing Sublease was reduced to 66.68%.

 

3.             Extension of Sublease Term and Fixed Rent.  The
Term of the Sublease shall be extended to include the period commencing April 1,
2010 and ending at 11:59 p.m. on March 30, 2020 (the “Extension Term”).  Upon commencement of the Extension Term and
continuing until September 30, 2012, the Fixed Rent shall be $592,418.63
per annum payable in equal monthly installments of $49,368.22  per month; and for the period commencing on October 1,
2012 and ending upon expiry of the Extension Term, the Fixed Rent shall be $660,512.64
per annum payable in equal monthly installments of $55,042.72  per month. 
The monthly installments of Fixed Rent shall be payable in advance on
the first day of each and every calendar month during the Extension Term.

 

4.             Representation Regarding Sublease. 
Each of Sublandlord and Subtenant represents and warrants to the other
that the Sublease is in full force and effect and represents the entire
agreement between Sublandlord and Subtenant with respect to the Demised Premises,
and there are no other amendments, modifications or supplements thereto, or any
other understandings, contracts, agreements or commitments of any kind
whatsoever, whether oral or written.

 

5.             Broker Representation. 
Each party hereto covenants, warrants and represents to the other party
that it has had no dealings, conversations or negotiations with any broker
concerning the execution and delivery of this Amendment.  Each party hereto agrees to defend, indemnify
and hold harmless the other party against and from any claims for any brokerage
commissions and all costs, expenses and liabilities in connection therewith,
including, without limitation, reasonable attorneys’ fees and disbursements,
arising out of the indemnifying party’s breach of its respective
representations and warranties contained in this Paragraph 5.

 

2

 

6.             No Implied Amendment. 
Except as expressly set forth in this Amendment, the terms and
conditions of the Sublease shall continue in full force and effect without any
change or modification and shall apply for the balance of the term of the Sublease.  In the event of a conflict between the terms
of the Sublease and the terms of this Amendment, the terms of this Amendment
shall govern.

 

7.             Amendment.  This Amendment shall not be altered, amended, changed,
waived, terminated or otherwise modified in any respect or particular, and no
consent or approval required pursuant to this Amendment shall be effective,
unless the same shall be in writing and signed by or on behalf of the party to
be charged.

 

8.             Successors and Assigns. 
This Amendment shall be binding upon and shall inure to the benefit of
the parties hereto and to their respective heirs, executors, administrators,
successors and permitted assigns.

 

9.             Merger.  All prior
statements, understandings, representations and agreements between the parties,
oral or written, are superseded by and merged in the Sublease as amended by
this Amendment, which alone fully and completely expresses the agreement
between them in connection with this transaction and which is entered into
after full investigation, neither party relying upon any statement,
understanding, representation or agreement made by the other not embodied in
the Sublease as amended by this Amendment.

 

10.           Governing Law. 
This Amendment shall be interpreted and enforced in accordance with the
laws of the state of New York.

 

11.           Severability. 
If any provision of this Amendment shall be unenforceable or invalid,
the same shall not affect the remaining provisions of this Amendment and to
this end the provisions of this Amendment are intended to be and shall be
severable.

 

12.           Counterparts. 
This Amendment may be executed in any number of counterparts, each of
which shall be deemed an original and all of which, taken together, shall
constitute one and the same instrument.

 

13.           Authority.  Subtenant and
Sublandlord, and each of the persons executing this Amendment on behalf of Subtenant
and Sublandlord, do hereby warrant that the party for which they are executing
this Amendment has full right and authority to enter into this Amendment, and
that any person signing on behalf of such party is authorized to do so.

 

14.           No Offer.  This
Amendment shall not be binding upon either party unless and until it is fully
executed and delivered to both parties.

 

15.           Captions.  The captions
preceding all of the paragraphs of this Amendment are intended only for
convenience of reference and in no way define, limit or describe the scope of
this Amendment or the intent of any provision hereof.

 

3

 

IN WITNESS WHEREOF, Sublandlord and Subtenant, and for
the purpose of ratifying the GUARANTEE OF SUBLEASE for the Extension Term, the
Guarantor, have executed this Amendment as of the date and year first above
written.

 

	
  SUBLANDLORD: 

  	
   

  	
  SUBTENANT:

  
	
  ARAMIS INC.

  	
   

  	
  RSL MANAGEMENT CORP. 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/Richard W. Kunes 

  	
   

  	
  By: 

  	
  /s/Jacob Z. Schuster 

  
	
  Name:
  

  	
  Richard W. Kunes

  	
   

  	
  Name: 

  	
  Jacob Z. Schuster 

  
	
  Title:
  

  	
  Executive Vice
  President and Chief Financial Officer

  	
   

  	
  Title: 

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RONALD S. LAUDER,
  Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/Ronald S. Lauder 

  
	
   

  	
   

  	
  Name: Ronald S. Lauder

  
						

 

4Exhibit 10.7

 

ART LOAN AGREEMENT

 

Art Loan Agreement (the “Agreement”),
dated as of                     
    ,        
by and between                                         
(“Lender”), and Estee Lauder Inc., a Delaware Corporation (“Borrower”).

 

W I T N E S S E T
H:

 

WHEREAS, Lender is the
owner of each of the works of art (each an “Item”) described on Schedule A
hereto (collectively, the “Art”); and

 

WHEREAS, Lender and
Borrower have agreed to exhibit the Art on the premises of the Borrower or any
of its affiliates pursuant to, and in accordance with the provisions of this
Agreement.

 

NOW, THEREFORE, in
consideration of the premises and of the mutual covenants hereinafter
contained, the parties hereto hereby agree as follows:

 

1.                                       Loans; Term.  (a) The
Lender hereby agrees to lend each of the Items of Art to the Borrower in
accordance with the terms and conditions hereof until                     
    ,         .  Such term shall be renewed automatically in
respect of each Item for an additional period of twelve months unless, by the
first business day of                     
immediately prior to the end of the applicable term, one of the parties hereto
notifies the other of its intention not to renew.  The term in respect of any Item may be
shortened by Lender, in its sole discretion, by ten days’ prior written notice
given to the Borrower.  Schedule A will
be modified from time to time by Lender as necessary to reflect the status of
the Items covered by this Agreement.  Changes
in Schedule A shall be specifically identified and reported by the Lender to
the Borrower no later than ten days after the month in which the change or
changes occurred.

 

(b)                                 Upon expiration of the term in respect of
any Item, the Lender shall be responsible for moving any Item from the premises
of the Borrower (or its affiliate as the case may be).

 

2.                                       Care.  The Borrower
will exercise the same care with respect to the Art as it does in the
safekeeping of comparable property of its own.

 

3.                                       Location; Moving.  (a) 
Loaned Items shall remain in the possession of the Borrower (or one or more of
its affiliates) for the duration of the term, subject to the right of the
Lender to sell or to lend to museums if requested for exhibition any or all
Items covered by this Agreement.

 

(b)                                 At its option, the Lender may direct the
Borrower to move any Item from the premises of the Borrower (or its
affiliates).  The costs associated with
such move shall be borne by the Lender.

 

 

(c)                                  The Borrower is permitted to move or
direct the move of any Item from one place on its or its affiliate’s premises
directly to another place on its or its affiliate’s premises.  The costs associated with such move shall be
borne by the Borrower.

 

4.                                       Insurance.  (a) 
Unless the Lender expressly elects in writing to maintain its own insurance
coverage with respect to an Item, the Borrower will insure the Item
wall-to-wall under its fine-arts policy for the amount indicated as the
insurance value on Schedule A against all risks of physical loss or damage from
any external cause while in transit and on location during the term of the
loan.  If no amount of insurance value is
indicated, the Borrower will insure the work at its own estimated
valuation.  The Borrower’s fine arts
policy currently contains the exclusions set forth on Schedule B.  Such exclusions may be modified from time to
time and Borrower shall notify lender as soon as practicable of such
changes.  Borrower shall, under no
circumstances, be liable to Lender or any other person for losses related to
any Item to the extent such losses are not covered by the Borrower’s fine arts
policy.

 

(b)  If the Lender
elects in writing to maintain his own insurance coverage, the Borrower must be
supplied with a certificate of insurance naming the Borrower (including its
affiliates) as additional insured or waiving subrogation against the Borrower
and its affiliates.  Otherwise, this
Agreement shall constitute a release of the Borrower and its affiliates, their
officers, their agents and their employees from liability for any and all
claims arising out of loss or damage to the loaned property.  The Borrower shall not be responsible for any
error or deficiency in information furnished to the Lender’s insurer or for
lapses in coverage.

 

5.                                       Identification of Items. 
At the request of the Lender, the Borrower will, at its cost, place or
affix identification tags near the Item which will sufficiently identify the
title of the Item, the artist and the owner of the Item.

 

6.                                       Miscellaneous.  (a) 
This Agreement contains the entire agreement and understanding of the parties
with respect to the subject matter hereof and supersedes all prior written or
oral agreements and understandings with respect thereto.  This Agreement may only be amended or
modified, and the terms hereof may only be waived, by a writing signed by all
parties hereto or, in the case of a waiver, by the party entitled to the
benefit of the terms being waived.

 

(b)  This Agreement
may not be assigned or delegated, in whole or in part, by any party hereto
without the prior written consent of the other party; provided, however, that
the Borrower may assign or delegate its rights and obligations, in whole or in
part, to any corporation, partnership, limited liability company or other legal
entity that is a direct or indirect majority-owned subsidiary

 

2

 

of The Estée Lauder
Companies Inc., a Delaware corporation (“ELC”). 
This Agreement shall be binding upon the parties, their successors and
assigns.

 

(c)  This Agreement
shall be governed by, and construed and enforced in accordance with, the laws
of the State of New York without regard to principles therefor relating to the
conflict of law or choice of laws.

 

(d)  Any notices or
other communications given pursuant to this Agreement shall be in writing and
shall be effective upon delivery by hand or upon receipt if sent by certified
or registered mail (postage prepaid and return receipt requested) or by a
nationally recognized overnight courier service (appropriately marked for overnight
delivery) or upon transmission if sent by facsimile.  Notices are to be addressed as follows:

 

(i)                                     If to the Lender:

 

 

(ii)                                  If to the Borrower:

 

 

or to such other
respective addresses as either of the parties hereto shall designate to the
others by like notice, provided that notice of a change of address shall be
effective only upon receipt thereof.

 

(e)                                  For purposes of this Agreement, “affiliate
of the Borrower” means any corporation, partnership, limited liability company
or other legal entity that is a direct or indirect majority-owned subsidiary of
ELC.

 

IN WITNESS WHEREOF, each
of the parties has executed this Art Loan Agreement as of the date first
written above.

 

	
  Lender

  	
   

  	
  Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  

 

3

 

Schedule A

 

Schedule A should have
the following information in respect of each item of Art:

 

1.               Artist

2.               Title of Work

3.               Media

4.               Dimensions

5.               Cost or Price Paid (Date of Purchase or Date Received
by Owner)

6.               F.M.V. or Appraisal Value

7.               Insurance Value

8.               Location

 

A-1

 

Schedule B

 

Fine Arts
Insurance

 

The policy does not
insure:

 

1.               Wear and tear, gradual deterioration,
moths, vermin, inherent vice, or loss or damage sustained due to or resulting
from any repairing, restoration, or retouching process.

 

2.               (1) Hostile or warlike action in
time of peace or war, including action in hindering, combating or defending
against an actual, impending or expected attack, (a) by any government or
sovereign power (de jure or de facto); or by any authority maintaining or using
military, naval or air forces; or (b) by military, naval or air forces; or
(c) by an agent of any such government power, authority or forces; (2) any
weapon of war employing atomic fission or radioactive force whether in time of
peace or war; (3) insurrection, rebellion, revolution, civil war, usurped
power, or action taken by governmental authority in hindering, combating or
defending against such an occurrence, seizure or destruction under quarantine
or customs regulations, confiscation by order of any government or public
authority, or risks of contraband or illegal transportation or trade.

 

3.               Shipments by mail unless registered first
class mail or parcel post provided, however, such shipments by parcel post
shall not exceed the sum of $100 in value. However, in no event shall the
Company be liable for more than the Transit Limit stated on the Coverage
Information Page of this policy.

 

4.               Against loss by nuclear reaction or
nuclear radiation or radioactive contamination, all whether controlled or
uncontrolled, and whether such loss be direct or indirect, proximate or remote,
or be in whole or in part caused by, contributed to, or aggravated by the
perils insured against in this policy; however, subject to the foregoing and
all provisions of this policy, direct loss by fire resulting from nuclear
reaction or nuclear radiation or radiation or radioactive contamination is
insured against by this policy.

 

5.               Loss or damage to the insured property on
the premises of fair grounds or any national or international exposition unless
such premises are specifically described by endorsement hereto.

 

6.               Loss or damage caused directly or
indirectly by terrorism, including action in hindering or defending against an
actual or expected incident of terrorism. Such loss or damage is excluded
regardless of any other cause or event that contributes concurrently or in any
sequence to the loss. Terrorism means activities against persons, organizations
or property of any nature:

 

B-1

 

1.               That involve the following or preparation
for the following:

(a)          Use or threat of force or violence; or

(b)         Commission or threat of a dangerous act;
or

(c)          Commission or threat of an act that
interferes with or disrupts an electronic communication, information, or
mechanical system; and

2.               When one or both of the following
applies:

(a)              The effect is to intimidate or coerce a government or
the civilian population or any segment thereof, or to disrupt any segment of
the economy; or

(b)             It appears that the intent is to
intimidate or coerce a government, or to further political, ideological,
religious, social or economic objectives or to express (or express opposition
to) a philosophy or ideology.

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]