Document:

Exhibit 10.1

FOURTH
AMENDMENT TO BUILDING LOAN AGREEMENT

By and Among

THE NEW YORK TIMES BUILDING LLC

having an address at

One MetroTech Center North

Brooklyn, New York 11201

NYT REAL
ESTATE COMPANY LLC

having an address c/o

The New York Times Company

229 West 43rd Street

New York, New York 10036

FC EIGHTH
AVE., LLC

having an address at

One MetroTech Center North

Brooklyn, New York 11201

and

CAPMARK
FINANCE INC.

having an address at

100 South Wacker Drive, Suite 400

Chicago, Illinois 60606,

as agent

Dated as of January 29, 2007

CAPMARK
SECURITIES, INC.,

as Joint Lead Arranger

and

SUMITOMO MITSUI BANKING CORPORATION,

as Joint Lead Arranger

	
  Property Location:

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

  
	
  Lot:

  	
  Lots 1001 through 1058 (formerly Lot 1)

  
	
  Block:

  	
  1012

  
	
  Section:

  	
  4

  

 

Please return
time-stamped certified copy to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, New York 10019

Attention: Harris B. Freidus, Esq.

FOURTH AMENDMENT TO
BUILDING LOAN AGREEMENT

THIS FOURTH AMENDMENT TO
BUILDING LOAN AGREEMENT (this “Amendment”)
is made and entered into as of the 29 day of January, 2007 by and among CAPMARK
FINANCE INC. (formerly known as GMAC Commercial Mortgage Corporation), a
California corporation, with an address at 100 South Wacker Drive, Suite 400,
Chicago, Illinois 60606 or any successor thereto, as agent (including as
successor to Initial Agent (as hereinafter defined)) (including any of its
successors and assigns as agent, “Agent”) for
itself and any other co-lenders as may exist from time to time (collectively,
including any successors and assigns, “Lenders”
and each individually, a “Lender”),
THE NEW YORK TIMES BUILDING LLC, a New York limited liability company with an
address at One MetroTech Center North, Brooklyn, New York 11201 (including any
successors and assigns permitted in accordance with the Agreement (as
hereinafter defined), “Borrower”),
NYT REAL ESTATE COMPANY LLC, a New York limited liability company with an
address c/o The New York Times Company, 229 West 43rd Street, New York, New York 10036 (including
any successors and assigns permitted in accordance with the Agreement, “NYTC Member”) and FC EIGHTH AVE.,
LLC, a Delaware limited liability company with an address at One MetroTech
Center North, Brooklyn, New York 11201 (including any successors and assigns
permitted in accordance with the Agreement, “New
FC Member”).

W I T N E S S
E T H :

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

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

WHEREAS, Agent and
Borrower entered into that certain First Amendment to Building Loan Agreement,
dated as of December 8, 2004 and filed with the Clerk’s Office on December 10,
2004 (the “First Amendment”);

WHEREAS, Agent and
Borrower entered into that certain Second Amendment to Building Loan Agreement,
dated as of June 22, 2006 and filed with the Clerk’s Office on
June 22, 2006 (the “Second Amendment”);

WHEREAS, Agent, Borrower,
NYTC Member and New FC Member entered into that certain Third Amendment to
Building Loan Agreement, dated as of August 15, 2006 and filed with the
Clerk’s Office on October 24, 2006 (the “Third
Amendment”; the Original Agreement, as modified by the First
Amendment, the Second Amendment and the Third Amendment, the “Agreement”; capitalized terms used
herein but left undefined shall have the meanings assigned to such terms in the
Agreement);

WHEREAS, NYTC Member has
requested, and Agent has agreed, that (i)  the NYTC Units be released from
the lien of the Building Loan Mortgage, (ii) NYTC Member be removed as a
co-borrower and (iii) NYTC Guarantor be released from its guaranties; and

WHEREAS, Borrower, NYTC
Member and FC Member have requested that certain other changes to the Building
Loan be made, and Agent has agreed to make such changes.

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

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

2.             Amendments to
Building Loan Agreement.

(a)           The following new defined term is hereby
added immediately after the definition of “Architect’s Contract”:

““Assigned
Construction Documents” has the meaning given to such term in
Section 7.58 hereof.”

(b)           The definition of “Building Loan Costs” is
hereby amended by deleting clause (c) thereof and re-lettering
clause (d) thereof to clause (c).

(c)           The definition of “Common Elements Leaseable
Space” is hereby deleted.

(d)           The definitions “Extension Loan”, “Extension
Loan Documents”, “Extension Loan Conditions”, “Extension Loan Intercreditor
Agreement” and “Extension Loan Lender” are hereby deleted.

(e)           The definition of “Permitted Exceptions” is
hereby amended by deleting the phrase “, and, after the NYTC Units Redemption
shall have occurred, the Extension Loan Documents”.

(f)            The definition of “Pro Forma Operating
Expenses” is hereby amended by deleting the phrase “and the Extension Loan”
from clause (2) thereof.

 2
 

(g)           The definition of “Project Loan Amount” is
hereby amended by deleting the number “149,470,521” and inserting in lieu
thereof “209,470,521”.

(h)           The definition of “Project Loan Costs” is
hereby amended by deleting clause (c) thereof and re-lettering clause (d)
thereof to clause (c).

(i)            The definition of “Reimbursable Costs” is
hereby amended by deleting the phrase “7.46(a)(7)” and inserting in lieu
thereof “7.46(a)(3)”.

(j)            The definition of “Spread” is hereby
deleted in its entirety and inserted in lieu thereof is the following:

““Spread”
means one hundred and seventy-five (175) basis points per annum.”

(k)           The definition of “Syndication Condition” is
deleted in its entirety.

(l)            The following new defined term is hereby
added immediately after the definition of “Force Majeure Extension Period”:

““Forward
Commitment” means a commitment letter executed by Capmark or an
Affiliate thereof to make a permanent loan with respect to the FC Units.”

(m)          The following new defined term is hereby
added immediately after the definition of “Loans”:

““Lockout
Date” means July 1, 2007.”

(n)           The following new defined term is hereby
added immediately after the definition of “ratable share” or “ratably”:

““Rate
Lock Agreement” means a Forward Rate Lock Agreement anticipated
to be executed in the form annexed as Exhibit B to that certain term sheet
dated December 19, 2006 between Capmark and FC Member.”

(o)           The following new defined term is hereby
added immediately after the definition of “Rate Lock Agreement”:

““RateLock Breakage Costs Line Item”
means the line item in the FC Units Budget for breakage costs incurred in
connection with the Rate Lock Agreement.”

(p)           Sections 3.12(a) and (b) of the
Agreement are hereby deleted in their entirety and inserted in lieu thereof is
the following:

 3
 

“SECTION 3.12     Prepayment.  (a)  Prior to the Lockout Date, the
Outstanding Principal may not be prepaid, in whole or in part, except for
(i) prepayments made in accordance with the Building Loan Mortgage or
Sections 7.05 and 7.51 hereof and (ii) a prepayment in full from the
proceeds of the funding of the Forward Commitment.  From and after the Lockout Date, in addition
to prepayments made in accordance with the Building Loan Mortgage or
Sections 7.05 and 7.51 hereof, the Borrower may prepay the Outstanding
Principal, in whole or in part, on any Business Day (other than the day
immediately following Thanksgiving Day or Good Friday), upon not less than five
(5) Business Days’ prior notice to Agent (but if in part, in the principal
amount of $1,000,000 or any whole number multiple thereof).  At the time of any prepayment, Borrower shall
pay (x) all accrued and unpaid interest on the principal portion of the
Building Loan being prepaid and (y) all “breakage” costs actually incurred
by Lenders as a result of such prepayment (“Breakage
Costs”), including, without limitation, any expenses incurred as
a result of any termination of any applicable interest rate management
contracts or “hedge agreements” entered into by any Lender.  A certificate of Agent setting forth the
amount of Breakage Costs which Lenders are entitled to receive shall be binding
and conclusive, absent manifest error. 
Any payment of the Outstanding Principal made during the continuation of
an Event of Default must include any Breakage Costs.

(b)  Prepayments
made in accordance with the Building Loan Mortgage or Sections 7.05 and 7.51
hereof shall, at Borrower’s option, (i) be immediately used to prepay the
Loans or (ii) pursuant to an agreement between Borrower and Agent
reasonably satisfactory to Agent, be held by Agent in an interest bearing
account as additional collateral for the Project Loan and the Building Loan until
a date selected by Borrower that is not later than the first Business Day of
the next succeeding calendar month (and Borrower shall also deposit with Agent
interest on the Loans that will accrue through such date), on which date such
amounts (plus any interest earned thereon) shall be applied to prepay the
Loans.  The third sentence of Section
3.12(a) above shall apply to all prepayments pursuant to the preceding
sentence.”

(q)           Section 3.19(a)(v) is hereby amended by
deleting the phrase “(calculated after giving effect to the payment made
pursuant to clause (6) of Section 7.46(a) hereof)”.

 4
 

(r)            Section 3.19(a)(vii) is hereby amended
by (i) adding the phrase “of the FC Units” after the phrase “Appraised
Value” and (ii) deleting the phrase “fifty-five percent (55%)” and
inserting in lieu thereof the phrase “sixty percent (60%)”.

(s)           Section 4.01(i)(5) of the Agreement is
hereby deleted in its entirety.

(t)            Section 4.02 of the Agreement is hereby
amended by adding the following at the end thereof:

“(o) Rate Lock Breakage
Costs Line Item.  With respect to any
Advance for sums from the Rate Lock Breakage Costs Line Item, the ratio,
expressed as a percentage, of the Remaining Loan Amount as of the Requested
Advance Date (taking into account the amount of the Advance requested on such
Requested Advance Date) to the Appraised Value of the FC Units (as shown on a
new appraisal by the appraiser that performed the Appraisal or any other “MAI”
appraiser selected by Agent or an update to the Appraisal, in either case dated
as of a date no earlier than sixty (60) days prior to the Requested Advance
Date) shall be equal to or less than eighty percent (80%).”

(u)           Section 5.02(b)(ii) of the Agreement is
hereby amended by adding the following prior to the period at the end of the first
sentence thereof:

“or (D) if any portion of
the requested Advance relates to the Rate Lock Breakage Costs Line Item, in
which event Agent shall distribute such portion directly to the party under the
Rate Lock Agreement to whom moneys are owed”.

(v)           Section 6.13 of the Agreement is hereby
amended by deleting the phrase “the Extension Loan, if then made”.

(w)          Section 6.41 of the Agreement is hereby
amended by deleting the phrase “and/or the Extension Loan”.

(x)            Section 7.06 of the Agreement is
hereby amended by deleting the number “90,000.00” and inserting in lieu thereof
the number “125,000.00”.

(y)           Section 7.11(b) of the Agreement is
hereby amended by deleting the phrase “the Extension Loan Lender”.

(z)            Section 7.11(d) of the Agreement is hereby
deleted in its entirety and inserted in lieu thereof is the following:

“(d) In the event that
(A) a line item in a Budget shall be completed (and paid for in full with
all appropriate final lien 

 5
 

waivers obtained) without
the expenditure of all amounts in the applicable Budget allocated to such line
item or (B) Borrower shall demonstrate to Agent’s reasonable satisfaction
that a cost savings has been or will be realized with respect to any
uncompleted line item, Agent shall permit the applicable portion of such
overbudgeted line item to be (x) in the case of NYTC Units Budget line items,
advanced pursuant to the last sentence of Section 3.05(d) of the Project
Loan Agreement or (y) in the case of FC Units Budget or NYTC Units Budget line
items, shifted to one or more other line items, provided that:  (i) a revised Budget and a revised
Disbursement Schedule, each of which shall indicate revisions made to date
(including, without limitation, the reallocation of amounts as a result of such
cost savings) shall have been furnished to and reasonably approved by Agent and
Construction Consultant (provided that in the case of the Disbursement Schedule
only, Agent and Construction Consultant shall be deemed to have approved any
best estimate revisions made in good faith by Borrower), (ii) no line item
for Hard Costs shall be reallocated to pay any line items that are not Hard
Costs until all Hard Costs shall have been paid for, and (iii) any
reallocation of Budget amounts will not have the effect of reducing the net sum
which Borrower estimates will be available to it from the Building Loan to pay
contractors, subcontractors, laborers and materialmen for the Improvement as
set forth in Borrower’s Lien Law Affidavit. 
Notwithstanding the foregoing, no reallocation with respect to the
Development Cost Line Item or the Rate Lock Breakage Costs Line Item shall be
permitted; provided, however, that upon achievement of Substantial Completion
of the Project, Borrower shall be permitted to use all or any portion of the
Development Cost Line Item for the purchase of any Interest Rate Caps then
required to be provided hereunder and, to the extent the Development Cost Line
Item exceeds the costs of such Interest Rate Caps as determined by Agent, to
any other line item in the Budgets, subject, however, to clause (iii) of
this Section 7.11(d).”

(aa)         Section 7.14(a)(vi)(3) is hereby amended
by deleting the phrase “except in connection with the Extension Loan”.

(bb)         Section 7.14(b)(i) is hereby amended by
deleting the phrase “or the Common Elements Leasable Space (as defined in the
Ground Lease), as applicable”.

 6
 

(cc)         Section 7.32(b)(ii) of the Agreement is
hereby amended by deleting the phrase “, and any Transfer occurring as a result
of the exercise of any remedies by the Extension Loan Lender under the
Extension Loan Documents”.

(dd)         Section 7.35 of the Agreement is hereby
deleted in its entirety.

(ee)         Section 7.36(g) of the Agreement is
hereby deleted in its entirety and inserted in lieu thereof is the following:

“(g) has not incurred,
assumed or created and will not incur, assume or create any debt, secured or
unsecured, direct or contingent (including guaranteeing any obligation), other
than (i) the Building Loan, (ii) the Project Loan, (iii) any
Interest Rate Cap, (iv) the Rate Lock Agreement and (v) unsecured
trade payables or accrued expenses or other obligations incurred in the
ordinary course of business in connection with the developing, constructing and
operating of the Mortgaged Property; no other debt (other than the Rate Lock
Agreement) will be secured (senior, subordinate or pari passu) by the Mortgaged
Property;”

(ff)           Section 7.46 of the Agreement is hereby
deleted in its entirety and inserted in lieu thereof is the following, and
Agent confirms that all of the conditions set forth below to the release of the
NYTC Units and the other releases set forth in Section 7.46(b) have been
satisfied as of the date hereof:

“SECTION 7.46     NYTC Units Release
Provisions.  (a) Provided that no
Noticed Default or Event of Default exists under any Building Loan Document or
Project Loan Document, upon the satisfaction of the following conditions, the
releases and terminations referred to in Section 7.46(c) hereof shall be
effectuated:

(1)           the
condominium association shall have (A) collaterally assigned its rights to
Leases of the Lobby Sublease Space and the Commercial Signage (as each such
term is defined in the Condominium Declaration) and agreed to deposit all Rents
therefrom (solely to the extent of distributions therefrom to which FC Member
would be entitled) into one of the Collection Accounts (the “Condominium Assignment”) and (B)
collaterally assigned the rights to excess casualty proceeds (to the extent of
FC Member’s interest therein) to Agent for the benefit of Agent and Lenders
pursuant to one or more instruments in form and substance satisfactory to Agent
(the document or documents referred to the foregoing clauses (A) and (B) being
referred to as the “Condominium Security Documents”),
and Agent shall have received an opinion of counsel reasonably satisfactory to
Agent as to 

 7
 

the due authorization,
execution and delivery and enforceability of such agreements and such other
customary matters with respect thereto as Agent may reasonably require;

 (2)          the NYTC Units will
constitute one or more tax lots separate and distinct from the tax lot or lots
applicable to the portion of the Premises encumbered by the lien of the
remaining Building Loan Mortgage;

(3)           Borrower
shall have paid all reasonable, third-party out of pocket costs and expenses
incurred by Agent in connection with such release (including reasonable
attorneys’ fees and disbursements);

(4)           Agent
shall have received an endorsement to the existing title policy to the effect
that the release shall not cause a subordination, in whole or in part, of the
Building Loan Mortgage and Project Loan Mortgage as they affect the remaining
Units;

(5)           Borrower
and FC Member shall have executed and delivered to Agent new replacement
Building Loan Notes with Borrower and FC Member as co-borrowers; and

(6)           Agent
shall have received such other opinions, documents, certificates, instruments,
or assurances (including, without limitation, any new UCC-1 Financing
Statements) as Agent may reasonably request in connection with the actions and
events described in this Section 7.46(a).

(b)           Upon
the fulfillment of the conditions set forth in Section 7.46(a),
(i) the NYTC Units shall be released of record from the liens of the
Building Loan Mortgage and Project Loan Mortgage and from the Building Loan
Assignment of Leases and Project Loan Assignment of Leases, (ii) the
Assignment of Contracts – NYTC Member, the NYTC Non-Recourse Carveouts Guaranty
and the NYTC Completion Guaranty shall be deemed to have been automatically
terminated and NYTC Guarantor and NYTC Member shall have no further liability
under the Building Loan Documents or the Project Loan Documents to which they
are a party, (iii) the Severance Sublease to which NYTC Member is a party
shall be released of record from the lien of the Building Loan Mortgage and
Project Loan Mortgage, (iv) all references, covenants, representations and
warranties applicable to, or with respect to, NYTC Member in the remaining
Building Loan Documents shall be deemed to have been automatically terminated
(provided, however, that the rights of NYTC Member pursuant to
Section 3.20 of this Agreement shall remain in effect), (v) Agent
shall cause the Lenders to return to NYTC Member the existing Building Loan
Notes, marked cancelled and (vi) Agent shall return to NYTC Member the
conditional resignations executed by each of the managers of the 

 8
 

NYTC Board of Directors
(as such term is defined in the Condominium Declaration).

(c)           Agent
agrees to execute and deliver such additional agreements and instruments, as
may from time to time be reasonably requested by any Borrower Entity in order
to effectuate fully the transactions contemplated by and agreements made in
this Section 7.46.  All
out-of-pocket costs and expenses incurred by Agent in connection with such
execution and delivery shall be Reimbursable Costs.”

(gg)         Section 7.52 of the Agreement is hereby
amended by deleting the phrase “other than the Extension Loan and the Mezzanine
Loan (as defined in the FC Operating Agreement)”.

(hh)         Section 9.01(a) of the Agreement is
hereby amended by (i) deleting the phrase “or 7.46” and (ii) adding “or
(iv) failure by Borrower (or the Affiliate of Borrower which is a party to
the Rate Lock Agreement) to pay any amount due under the Rate Lock Agreement
when the same shall become due and payable” after the phrase “Security Deposits
Accounts Agreement”.

(ii)           Section 9.01(t) is hereby amended by
deleting the word “or” appearing at the end thereof.

(jj)           Section 9.01(u) is hereby amended by
deleting the period at the end thereof and inserting “; or” in lieu thereof.

(kk)         The following is inserted at the end of
Section 9.01 of the Agreement:

“(v) if the manager under
any Managing Agent Agreement or the leasing agent under any Leasing Agent
Agreement is an Affiliate of any Borrower Entity, if such manager or leasing
agent shall fail to duly keep, perform or observe any of the covenants
contained in any consent to the collateral assignment thereof or any
subordination of such Managing Agent Agreement and such failure shall continue
for ten (10) Business Days after notice of such failure from Agent.”

(ll)           Section 11.05 of the Agreement is
hereby amended by deleting the number “320,000,000.00” and inserting in lieu
thereof “380,000,000.00”.

(mm)       A new Section 7.58 is hereby added to the
Agreement as follows:

“SECTION 7.58     Assignment of Construction
Contracts.  (a) Provided that no
Noticed Default or Event of Default exists under any Building Loan Document or
Project Loan Document, Borrower shall 

 9
 

have the right to assign
its interest in certain contracts approved by Agent related to the design and
construction of the Project (such approved contracts, the “Assigned
Construction Documents”) to the Board of Managers of the New York
Times Condominium, free and clear of any lien of Agent thereon, upon
satisfaction of the following conditions:

(1)           Substantial
Completion shall have occurred;

(2)           Agent
shall have received not less than ten (10) Business Days’ notice of such
assignments;

(3)           Borrower
shall have paid all reasonable, third-party out of pocket costs and expenses
incurred by Agent in connection with such assignments (including reasonable
attorneys’ fees and disbursements);

(4)           Borrower
shall have received all consents or approvals from all third parties required
in connection with such assignments;

(5)           Borrower
shall have delivered to Agent all of the documents to be executed in connection
with such assignments, all of which shall be in form and substance reasonably
satisfactory to Agent;

(6)           Agent
shall be satisfied that the Board of Managers of the New York Times Condominium
has the right to enforce such Assigned Construction Documents for the benefit
of the owners of the Units and that upon the occurrence of an event giving rise
to the right to enforce such rights, a unit owner may exercise remedies against
such Board unless such Board either (A) enforces its rights under such Assigned
Construction Documents or (B) remedies the underlying matter giving rise to
such right to enforce such rights under such Assigned Construction Documents;
and

(7)           Agent
shall have received such other documents or assurances as Agent may reasonably
request in connection with the assignments.

(b)           Upon
the fulfillment of the foregoing conditions, Agent shall deliver (i) one
or more UCC-3 termination statements which shall amend the collateral
description to previously filed UCC-1 financing statements to exclude the
Assigned Construction Documents and (ii) a partial release of the
Assignment of Contracts —Borrower providing for the release of the Assigned
Construction Documents.”

(nn)         Capitalized terms used in
the Agreement by reference to their respective definitions in the Ground Lease
shall continue to have the meanings set 

 10
 

forth in the Ground Lease, without taking
into account the Amended and Restated Agreement of Lease dated as of
August 15, 2006 or any subsequent amendments thereto.

(oo)         Exhibit E to the
Agreement is hereby deleted in its entirety and replaced with the document
attached hereto as Exhibit B.

(pp)         The form of
Non-Disturbance Agreement attached as Exhibit H to the Agreement shall be
amended (i) to include, in Recitals B and C thereof, a reference to
the New Project Loan Mortgage and the New Project Loan Assignment of Leases (as
each such term is defined in the Project Loan Agreement) and (ii) to change
the notice address and signature line for Agent to conform to the Agreement.

(qq)         Exhibit R to the
Agreement is hereby deleted in its entirety.

3.             Building
Loan Restructuring Documents.  The
following documents, together with this Amendment, shall hereinafter be
referred to collectively as the “Building
Loan Restructuring Documents”
and, notwithstanding anything to the contrary in the Agreement, all of the
Building Loan Restructuring Documents shall be Building Loan Documents:

(a)           Replacement Building
Loan Notes. Those certain Building Loan Notes of even date herewith from
Borrower and New FC Member in favor of (i) Agent in the principal amount
of $69,558,076.97, (ii) Capmark Bank in the principal amount of
$44,876,178.68 and (iii) Sumitomo Mitsui Banking Corporation in the
principal amount of $56,095,223.35;

(b)           Reaffirmation.  The Reaffirmation of Guaranty and Consent to
Restructuring by FC Guarantor in favor of Agent for the benefit of Agent and
Lenders, dated as of even date herewith.

(c)           Consent of FC Office
Manager.  The Consent to Collateral
Assignment and Subordination of Management Agreement (Office) by First New York
Partners Management, LLC (formerly known as First New York Partners) (“First New York”) in
favor of Agent for the benefit of Agent and Lenders, dated as of even date
herewith.

(d)           Subordination of
Common Elements Management Agreement. 
The Subordination of Management Agreement (Common Elements) by First New
York in favor of Agent for the benefit of Agent and Lenders, dated as of even
date herewith.

(e)           Amendment to Fee
Letter.  The amendment to the Side
Letter re: Fees among Borrower, New FC Member and Agent.

 11
 

(f)            Condominium
Security Documents.  The Assignment
of Rents and Proceeds by The New York Times Condominium (the “Condominium”) in
favor of Agent for the benefit of Agent and Lenders, dated as of even date
herewith.

(g)           Interest Rate Cap
Modification.  The amendment to
Interest Rate Cap Agreement between Borrower and Bear Stearns Financial
Products Inc. (“Bear
Stearns”).

4.             Conditions
to Agreement.  The obligation of
Agent to execute and deliver this Amendment and the other Building Loan
Restructuring Documents to which it is a party and the effectiveness of this Amendment
and the other Building Loan Restructuring Documents shall be subject to the following
conditions precedent:

(a)           Payment of Fees.  Borrower shall have paid all costs and
expenses associated with the Building Loan Restructuring Documents as provided
in Section 7.06(a) of the Agreement;

(b)           Restructuring
Documents.  The Building Loan Restructuring
Documents, in form and substance satisfactory to Agent, shall have been duly
executed and delivered by the parties thereto and shall be in full force and
effect, and Agent shall have received originals thereof;

(c)           Lenders.  All of the Lenders shall have consented to
this Amendment and all of the Lenders shall have executed and delivered this
Amendment;

(d)           Legal Opinions.  Agent shall have received opinions addressed
to Agent, in form and substance satisfactory to Agent and Agent’s counsel, from
counsel satisfactory to Agent as to such matters as Agent shall request;

(e)           Organizational
Documents.  Agent shall have received
copies of all organizational documentation related to New FC Member and FC
Guarantor as Agent may request and/or their formation, structure, existence,
good standing and/or qualification to do business, as Agent may request,
including such resolutions and/or consents and incumbency certificates as may
be requested by Agent, certified in each case by the applicable Borrower Entity;

(f)            Financial Condition.  There shall have been no material adverse
change in the financial condition of any Borrower Entity since August 15, 2006;

(g)           Searches.  To the extent required by Agent, current tax
lien, pending litigation, bankruptcy, judgment lien and Uniform Commercial Code
searches against Borrower and New FC Member, in such jurisdictions and offices
as Agent shall designate.  Such searches
shall not have revealed any lien, litigation, bankruptcy or filing against any
such entities other than those acceptable to Agent;

(h)           Notices.  All notices required by any Governmental
Authority or by any applicable Legal Requirements to be filed prior to or on
the date of 

 12
 

this Agreement in connection with the Project
Loan or the Building Loan shall have been filed;

(i)            Proceedings.  All proceedings in connection with the
transactions contemplated by this Amendment and the other Building Loan
Restructuring Documents shall be satisfactory to Agent and Agent’s counsel, and
Agent shall have received all information and such counterpart originals or
certified copies of such documents and such other certificates, opinions or
documents as Agent and Agent’s counsel may require;

(j)            Title Matters.  Agent shall have received such title
endorsements, affirmative insurance or other title assurances with respect to
the existing mortgagee title policy as Agent shall require;

(k)           No Default.  No Noticed Default or Event of Default shall
exist under any Building Loan Document or Project Loan Document;

(l)            Condominium Opinion.  Agent shall have received the opinion
required by Section 7.46(a)(1) of the Agreement;

(m)          Loan Application.  The term sheet for the permanent loan to FC
Member from Capmark shall have been executed and delivered by FC Member;

(n)           Reaffirmation of Cap
Agreement.  Agent shall have received
a Reaffirmation of Assignment of Interest Rate Cap (Counterparty) from Bear
Stearns;

(o)           Estoppel
Certificates.  Agent shall have
received one or more estoppel letters in form and substance acceptable to Agent
from the New York City Transit Authority, ESDC, Ground Lessor and the City of
New York;

(p)           Revised Budgets.  The Budgets shall have been revised in a
manner consistent with this Amendment and Lender shall have approved such
revised Budgets;

(q)           Deliveries.  Agent shall have received evidence of the
delivery of this Amendment and the releases provided for by Section 7.46,
and the name and address of Agent, to Ground Lessor and the City of New York;

(r)            Condominium
Assessments.  Agent shall have
received evidence satisfactory to it that all Unit Owners Expenses (as defined
in the Condominium Declaration) payable by FC Member to date have been paid;

(s)           Common Elements
Percentage Correction.  Agent shall
receive fully executed copies of all documents that Agent shall require to
correct the previous error made in respect of the calculation of the percentage
of Common Elements attributable to each condominium unit; and

 13
 

(t)            Other Deliveries.  Agent shall have received such other
opinions, documents, certificates, or assurances (including, without
limitation, any new UCC-1 Financing Statements) as Agent may require.

5.             Modification
of Legal Description.  Due to an
error in the Condominium Declaration, the Common Elements attributable to each
of the condominium units, set forth in Exhibit A to the Third Amendment,
was incorrect.  Accordingly, the parties
hereto agree that Exhibit A attached hereto correctly sets forth the
percentage of Common Elements attributable to each condominium unit, and
Exhibit A to the Third Amendment is hereby deemed to be corrected to
correspond to Exhibit A attached hereto.

6.             Representations
and Warranties of Borrower Entities. 
Each of Borrower, NYTC Member and New FC Member represents and warrants
that: (a) the Building Loan Restructuring Documents to which it is a party are
in all respects valid and legally binding obligations, enforceable against it
in accordance with their respective terms (subject to the effects of
bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting the enforcement of creditors’ rights generally); (b) the Building
Loan Documents to which it is a party are not subject to any right of
rescission, set-off, counterclaim or defense by it, including the defense of
usury, and it has not asserted any right of rescission, set-off, counterclaim
or defense with respect to the Building Loan Documents to which it is a party;
(c) the execution and delivery by it of the Building Loan Restructuring
Documents to which it is a party do not, and the performance and observance by
it of its respective obligations thereunder will not, contravene or result in a
breach of or default under (i) any provision of its organizational documents,
(ii) any Legal Requirements applicable to it or to the Mortgaged Property or the
use or operation thereof, (iii) any decree or judgment binding on it or its
assets, or (iv) any agreement or instrument binding on it or its assets;
(d) it has full power, right and authority to execute, deliver and perform
its obligations under the Building Loan Restructuring Documents to which it is
a party; (e) each Building Loan Restructuring Document to which it is a
party has been duly authorized, executed and delivered by all necessary parties
on behalf of it; and (f) all Governmental Approvals and all third party
consents and approvals which are required to have been obtained to date in
connection with the valid execution, delivery and performance of this Agreement
and the other Building Loan Restructuring Documents to which it is a party have
been obtained and are in full force and effect. 
Each of Borrower and FC Member represent and warrant that there has been
no material adverse change since August 15, 2006 in its financial
condition.

7.             Breakeven
Leasing.  Agent acknowledges that
Breakeven Leasing has occurred.

8.             No
Release.  Nothing contained in this
Amendment or in any of the other Building Loan Restructuring Documents shall be
constructed as a release of Borrower or FC Member with respect to their
respective obligations under the Loan Documents, and each of Borrower and FC
Member hereby acknowledges and agrees that its obligations and liabilities
under the Loan Documents to which it is a party are in full 

 14
 

force and effect,
are hereby ratified and confirmed, and shall continue in full force and effect
upon all of the terms and conditions set forth therein.

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

10.           Successors and
Assigns.  The provisions contained in
this Amendment shall be binding upon and shall inure to the benefit of the
parties hereto and their successors and assigns.

11.           Ratification.  The Agreement, as amended hereby, is hereby
ratified and confirmed in all respects.

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

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

[signature
pages follow]

 15

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

	
  

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  THE NEW YORK TIMES BUILDING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  FC Eighth Ave., LLC, member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David L. Berliner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: David L. Berliner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: Sr. Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AGENT:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CAPMARK FINANCE INC., as Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank J. Guzauskas

  	
   

  
	
   

  	
   

  	
  Name: Frank J. Guzauskas

  
	
   

  	
   

  	
  Title: Vice President

  
								

 

[SIGNATURES CONTINUE ON NEXT PAGE]

[Signature page to BLA
Fourth Amendment]

 

	
  

  	
  NEW FC MEMBER:

  
	
   

  	
   

  
	
   

  	
  FC EIGHTH AVE., LLC

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David L. Berliner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: David L. Berliner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: Sr. Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NYTC MEMBER:

  
	
   

  	
   

  
	
   

  	
  NYT REAL ESTATE COMPANY LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth Richieri

  	
   

  
	
   

  	
   

  	
   Name: Kenneth Richieri

  
	
   

  	
   

  	
   Title: Manager

  

 

THE UNDERSIGNED ARE
EXECUTING THIS

AMENDMENT TO INDICATE THEIR AGREEMENT

TO THIS AMENDMENT AND THE OTHER BUILDING
 LOAN RESTRUCTURING DOCUMENTS:

	
  CAPMARK
  BANK, as Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ George Hernandez

  	
   

  
	
   

  	
  Name: George Hernandez

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
  SUMITOMO MITSUI BANKING CORPORATION, as Lender

  
	
  and Joint Lead Arranger

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Yoshihiro Hyakutome

  	
   

  
	
   

  	
  Name: Yoshihiro Hyakutome

  
	
   

  	
  Title: Joint General Manager

  

 

[Signature page to
BLA Fourth Amendment]

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF KINGS

  	
  )

  

 

On the 22nd day of Jan. in the year 2007 before me, the
undersigned, personally appeared David L. Berliner personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
  

  	
  /s/ Jeanne Mucci

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Jeanne Mucci

  
	
   

  	
  Notary Public, State of New York

  
	
   

  	
  No. 304834577

  
	
   

  	
  Qualified in Nassau County

  
	
   

  	
  Commission Expires March 30, 2007

  

 

[Notary page to
BLA Fourth Amendment]

 

	
  STATE OF ILLINOIS

  	
  )

  
	
   

  	
  )  ss.:

  
	
  COUNTY OF COOK

  	
  )

  

 

On the 22 day of Jan. in
the year 2007 before me, the undersigned, personally appeared Frank J. Guzauskas
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and acknowledged
to me that he executed the same in his capacity, and that by his signature on
the instrument, the individual, or the person upon behalf of which the
individual acted, executed the instrument.

	
  

  	
  /s/ Valerie Jados

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Official Seal

  
	
   

  	
  Valerie Jados

  
	
   

  	
  Notary Public State of Illinois

  
	
   

  	
  My Commission Expires: 03/25/09

  

 

[Notary page to
BLA Fourth Amendment]

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )  ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  

 

On the 26th day of January
in the year 2007 before me, the undersigned, personally appeared Kenneth
Richieri personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument
and acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual, or the person upon behalf of
which the individual acted, executed the instrument.

	
  

  	
  /s/ Deborah Beshaw

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Deborah Beshaw

  
	
   

  	
  Notary Public, State of New York

  
	
   

  	
  No. 01BE5076617

  
	
   

  	
  Qualified in Kings County

  
	
   

  	
  Certificate on file in New York County

  
	
   

  	
  Commission Expires April 21, 2009

  

 

[Notary page to
BLA Fourth Amendment]

 

	
  STATE OF ILLINOIS

  	
  )

  
	
   

  	
  )  ss.:

  
	
  COUNTY OF COOK

  	
  )

  

 

On the 22 day of Jan. in
the year 2007 before me, the undersigned, personally appeared George Hernandez
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and
acknowledged to me that he executed the same in his capacity, and that by his
signature on the instrument, the individual, or the person upon behalf of which
the individual acted, executed the instrument.

	
  

  	
  /s/ Valerie Jados

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Offical Seal

  
	
   

  	
  Valerie Jados

  
	
   

  	
  Notary Public, State of Illinois

  
	
   

  	
  My Commission Expires: 03/25/09

  

 

[Notary page to
BLA Fourth Amendment]

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )  ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  

 

On the 26th day of January in the year 2007 before me, the
undersigned, personally appeared Yoshihiro Hyakutome personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
  

  	
  /s/ Jerry H. Wechsler

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Jerry H. Wechsler

  
	
   

  	
  Notary Public, State of New York

  
	
   

  	
  No. 01WE6046972

  
	
   

  	
  Qualified in Kings County

  
	
   

  	
  Commission Expires August 21, 2010

  

 

[Notary page to
BLA Fourth Amendment]

 

 

 

Exhibit A

Premises

The Condominium
Units (hereinafter called the “Units”) in
the building (hereinafter called the “Building”)
known as The New York Times Building Condominium and by the street address 620
Eighth Avenue, Borough of Manhattan, City, County and State of New York, said
Units being designated and described as set forth on Schedule 1 herein and in
that certain declaration, dated as of August 4, 2006 made by The New York Times
Building LLC pursuant to Article 9-B of the Real Property Law of the State of
New York (hereinafter called the “Condominium Act”)
establishing condominium ownership of the Building and the land (hereinafter
called the “Land”) upon which the
Building is situate (which Land is more particularly described below and by
this reference made a part hereof), which declaration was recorded in the New
York County Office of the Register of The City of New York (the “City Register’s Office”) on August
15, 2006, as CRFN 2006000460293, (which declaration, and any amendments
thereto, are hereinafter collectively called the “Declaration”).  The Units are also designated as Tax Lot Nos.
as set forth on Schedule 1 herein, in Block 1012 of Section 4 of the Borough of
Manhattan on the Tax Map of the Real Property Assessment Bureau of The City of
New York and on the Floor Plans of the Building filed with the Real Property
Assessment Bureau of The City of New York on August 14, 2006 as Condominium
Plan No. 1595 and also filed in the City Register’s Office of New York County
on August 15, 2006 as Condominium CRFN 2006000460294 (as such Floor Plans are
amended from time to time).

TOGETHER with an undivided
percentage interest as set forth in Schedule 1 herein, respectively, in
the Common Elements (as such term is defined in the Declaration) of The New
York Times Building Condominium;

The Land area of the
Condominium is more particularly described as follows:

ALL that certain plot,
piece or parcel of land, situate, lying and being in the Borough of Manhattan,
County of New York, City and State of New York, bounded and described as
follows:

BEGINNING at the corner
formed by the intersection of the northerly line of West 40th Street with the easterly line of 8th Avenue;

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

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

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

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

Schedule
1

Description of Units

	
  Unit Designation

  	
   

  	
  Tax Lot

  	
   

  	
  Percentage Interest In

  Common Elements

  	
   

  
	
  0-A

  	
   

  	
   

  	
  1001

  	
   

  	
  0.6627

  	
  %

  
	
  0-B

  	
   

  	
   

  	
  1002

  	
   

  	
  0.4079

  	
  %

  
	
  1-A

  	
   

  	
   

  	
  1003

  	
   

  	
  2.0132

  	
  %

  
	
  1-B

  	
   

  	
   

  	
  1004

  	
   

  	
  0.2823

  	
  %

  
	
  1-C

  	
   

  	
   

  	
  1005

  	
   

  	
  0.2921

  	
  %

  
	
  1-D

  	
   

  	
   

  	
  1006

  	
   

  	
  0.4371

  	
  %

  
	
  1-E

  	
   

  	
   

  	
  1007

  	
   

  	
  0.0691

  	
  %

  
	
  1-F

  	
   

  	
   

  	
  1008

  	
   

  	
  0.6443

  	
  %

  
	
  2-A

  	
   

  	
   

  	
  1009

  	
   

  	
  4.7805

  	
  %

  
	
  3-A

  	
   

  	
   

  	
  1010

  	
   

  	
  4.7579

  	
  %

  
	
  4-A

  	
   

  	
   

  	
  1011

  	
   

  	
  4.5636

  	
  %

  
	
  5-A

  	
   

  	
   

  	
  1012

  	
   

  	
  1.6352

  	
  %

  
	
  6-A

  	
   

  	
   

  	
  1013

  	
   

  	
  1.7325

  	
  %

  
	
  7-A

  	
   

  	
   

  	
  1014

  	
   

  	
  1.7325

  	
  %

  
	
  8-A

  	
   

  	
   

  	
  1015

  	
   

  	
  1.7325

  	
  %

  
	
  9-A

  	
   

  	
   

  	
  1016

  	
   

  	
  1.7325

  	
  %

  
	
  10-A

  	
   

  	
   

  	
  1017

  	
   

  	
  1.7325

  	
  %

  
	
  11-A

  	
   

  	
   

  	
  1018

  	
   

  	
  1.7325

  	
  %

  
	
  12-A

  	
   

  	
   

  	
  1019

  	
   

  	
  1.7325

  	
  %

  
	
  13-A

  	
   

  	
   

  	
  1020

  	
   

  	
  1.7325

  	
  %

  
	
  14-A

  	
   

  	
   

  	
  1021

  	
   

  	
  1.7440

  	
  %

  
	
  15-A

  	
   

  	
   

  	
  1022

  	
   

  	
  1.3998

  	
  %

  
	
  16-A

  	
   

  	
   

  	
  1023

  	
   

  	
  1.7484

  	
  %

  
	
  17-A

  	
   

  	
   

  	
  1024

  	
   

  	
  1.7207

  	
  %

  
	
  18-A

  	
   

  	
   

  	
  1025

  	
   

  	
  1.7711

  	
  %

  
	
  19-A

  	
   

  	
   

  	
  1026

  	
   

  	
  1.7711

  	
  %

  
	
  20-A

  	
   

  	
   

  	
  1027

  	
   

  	
  1.7711

  	
  %

  
	
  21-A

  	
   

  	
   

  	
  1028

  	
   

  	
  1.7711

  	
  %

  
	
  22-A

  	
   

  	
   

  	
  1029

  	
   

  	
  1.7711

  	
  %

  
	
  23-A

  	
   

  	
   

  	
  1030

  	
   

  	
  1.7711

  	
  %

  
	
  24-A

  	
   

  	
   

  	
  1031

  	
   

  	
  1.7711

  	
  %

  
	
  25-A

  	
   

  	
   

  	
  1032

  	
   

  	
  1.7711

  	
  %

  
	
  26-A

  	
   

  	
   

  	
  1033

  	
   

  	
  1.7711

  	
  %

  
	
  27-A

  	
   

  	
   

  	
  1034

  	
   

  	
  1.7711

  	
  %

  
	
  28-A

  	
   

  	
   

  	
  1035

  	
   

  	
  0.4446

  	
  %

  
	
  28-B

  	
   

  	
   

  	
  1036

  	
   

  	
  0.2507

  	
  %

  
	
  29-A

  	
   

  	
   

  	
  1037

  	
   

  	
  1.7678

  	
  %

  

 

 

	
  30-A

  	
   

  	
   

  	
  1038

  	
   

  	
  1.8386

  	
  %

  
	
  31-A

  	
   

  	
   

  	
  1039

  	
   

  	
  1.8386

  	
  %

  
	
  32-A

  	
   

  	
   

  	
  1040

  	
   

  	
  1.8386

  	
  %

  
	
  33-A

  	
   

  	
   

  	
  1041

  	
   

  	
  1.8386

  	
  %

  
	
  34-A

  	
   

  	
   

  	
  1042

  	
   

  	
  1.8386

  	
  %

  
	
  35-A

  	
   

  	
   

  	
  1043

  	
   

  	
  1.8386

  	
  %

  
	
  36-A

  	
   

  	
   

  	
  1044

  	
   

  	
  1.8386

  	
  %

  
	
  37-A

  	
   

  	
   

  	
  1045

  	
   

  	
  1.8376

  	
  %

  
	
  38-A

  	
   

  	
   

  	
  1046

  	
   

  	
  1.8376

  	
  %

  
	
  39-A

  	
   

  	
   

  	
  1047

  	
   

  	
  1.8376

  	
  %

  
	
  40-A

  	
   

  	
   

  	
  1048

  	
   

  	
  1.8376

  	
  %

  
	
  41-A

  	
   

  	
   

  	
  1049

  	
   

  	
  1.8376

  	
  %

  
	
  42-A

  	
   

  	
   

  	
  1050

  	
   

  	
  1.8376

  	
  %

  
	
  43-A

  	
   

  	
   

  	
  1051

  	
   

  	
  1.8376

  	
  %

  
	
  44-A

  	
   

  	
   

  	
  1052

  	
   

  	
  1.8427

  	
  %

  
	
  45-A

  	
   

  	
   

  	
  1053

  	
   

  	
  1.7710

  	
  %

  
	
  46-A

  	
   

  	
   

  	
  1054

  	
   

  	
  1.8920

  	
  %

  
	
  47-A

  	
   

  	
   

  	
  1055

  	
   

  	
  1.8920

  	
  %

  
	
  48-A

  	
   

  	
   

  	
  1056

  	
   

  	
  1.8920

  	
  %

  
	
  49-A

  	
   

  	
   

  	
  1057

  	
   

  	
  1.8920

  	
  %

  
	
  50-A

  	
   

  	
   

  	
  1058

  	
   

  	
  1.8920

  	
  %

  
	
  TOTAL: 58

  	
   

  	
   

  	
   

  	
   

  	
  100.00

  	
  %

  

 

Exhibit B

Draw
Request

[see
attached]

EXHIBIT E

DRAW
REQUEST

                            ,
200  

Capmark Finance Inc., as
Agent

100 South Wacker Drive, Suite 400

Chicago, Illinois 60606

Attn:  George Hernandez, Vice President

[                                                   

                                                    

                                                    

Attn:                                            ](1)

Re:      Building Loan Agreement
dated as of June 25, 2004 (as revised, restated, amended or modified from
time to time, the “Building Loan Agreement”)
and Project Loan Agreement dated as of June 25, 2004 (as revised,
restated, amended or modified from time to time, the “Project Loan
Agreement”; together with the Building Loan Agreement, the “Loan Agreements”) each now by and among The New York Times
Building LLC (“Original Borrower”), FC Eighth
Ave., LLC (together with Original Borrower, “Borrower”),
and Capmark Finance Inc. and any successor thereto, as agent (including any
successors and assigns as agent, “Agent”) for
itself and on behalf of any lenders as may exist from time to time (such
lenders, collectively, including any successors and assigns, “Lenders”).  All
capitalized terms not defined herein shall have the meanings ascribed to them
in the Loan Agreements.

Ladies and Gentlemen:

In accordance with the
Loan Agreements, Borrower desires to obtain an advance of                    
($          ) (the “Building Loan Advance”) and an advance of              
($           ) (the “Project Loan Advance”; together with the Building Loan
Advance, the “Advances” and individually, an “Advance”) on                 
(the “Requested Advance Date”) as
follows:  $           
on account of Building Loan Costs for the FC Units, $         
on account of Building 

(1)           Copies of the Draw
Request do not need to go to the Disbursement Agent unless Agent has made the
election under Section 5.03(b)(ii) of the Building Loan Agreement.

Loan Costs for the
NYTC Units, $           on
account of Project Loan Costs for the FC Units, and $         
on account of Project Loan Costs for the NYTC Units.  Such allocations (a) are more
particularly set forth on the attachments to the Sworn Owner’s Affidavit which
is attached hereto and (b) have been prepared in accordance with the Cost
Allocation Methodology.  In order to
induce Lenders to make each Advance, Borrower hereby represents and warrants
the following to Agent and Lenders:

1.             The
period covered by this Draw Request is                         .

2.             The
Improvements have not been injured or damaged by fire, explosion, accident,
flood or other casualty except:                             .

3.             All
Building Loan Costs and Project Loan Costs for the payment of which Lenders
have previously advanced funds have in fact been paid and all such prior Advances
have been used for the purposes requested therefor except as follows:                  .

4.             The
subject Advances shall be used for the purposes set forth in the Sworn Owner’s
Statement attached hereto.

5.             No
Borrower Entity has any defenses to or offsets against the payment of any
amounts due to Agent and/or any Lender under or in connection with the Loan
Documents, or defenses, claims or counterclaims against the payment and
performance of any of their respective obligations under the Loan Documents.  Borrower is authorized to make this
representation on behalf of all of the other Borrower Entities.

6.             The
amount of each Advance (except if such advance is the final Advance) equals at
least Fifty Thousand and No/100 Dollars ($50,000.00).  No other Draw Request has been submitted in
this calendar month and the most recent Draw Request was submitted at least
fifteen (15) days prior to the date hereof. 
The total of all previous Advances made under the Building Loan and the
Project Loan, together with the subject Advances, is shown on the attachments
hereto.  The total of all previous
Advances under the Building Loan Agreement and under the Project Loan Agreement
allocable to the Maximum Amount—FC, together with that portion of the subject
Advance allocable to the Maximum Amount—FC, does not exceed the Maximum
Amount—FC.  The total of all previously
requested Advances under the Building Loan Agreement and under the Project Loan
Agreement allocable to the Maximum Amount—NYTC, together with that portion of the
subject Advance allocable to the Maximum Amount—NYTC, does not exceed the
Maximum Amount—NYTC.  No item of expense
specified in the Sworn Owner’s Affidavit attached hereto has previously been
made the basis of any prior Advance.

7.             The
purpose of the Advances is to pay the Building Loan Costs and Project Loan
costs detailed in the Sworn Owner’s Statement and accompanying invoices
attached hereto and made a part hereof.

 2
 

8.             The
costs of any additional documentation, legal fees or title insurance required by
Agent to evidence the Advances and preserve the priority of the lien of the
Building Loan Mortgage and Project Loan Mortgage and the other Security
Documents is a Reimbursable Cost.

9.             All
conditions precedent to the Advances set forth in Section 4.02 and (if
applicable) 4.03 of the Building Loan Agreement and the Project Loan Agreement
have been fulfilled.

10.           The
information set forth herein is true, correct and complete as of the date
hereof and will be true, correct and complete as of the Requested Advance Date.

This letter shall
constitute a Borrower’s instruction to Lenders to pay to Agent [the
Disbursement Agent] the Advances in the total amount indicated on the
attachments in the Sworn Owner’s Statement, and (b) Borrower’s
instructions and authorization to [Agent] [Disbursement Agent] to disburse such
Advances and any applicable Other Funds to pay each of the expenses shown in
the enclosed invoices, unless [(i)] any such amount with respect to
interest, fees or other amounts due and payable to Agent and/or any Lender
which Agent and Lenders are, in accordance with the Building Loan Agreement or
Project Loan Agreement, entitled to subtract from such Advance [or
(ii) Disbursement Agent is otherwise instructed by Agent].  [Disbursement Agent acknowledges, however,
that it shall only disburse such Loan proceeds in accordance with the
Construction Loan Disbursement Agreement.]

[Signature
page follows]

 3

 

	
  

  	
  Borrower:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE NEW YORK TIMES BUILDING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  FC EIGHTH AVE., LLC, member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FC EIGHTH AVE., LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  
										

 

Sworn Owner’s Statement

	
  State of New York

  	
  )

  
	
   

  	
  ) ss:

  
	
  County of New York

  	
  )

  	
  Escrow No.

  

 

The affiant,                       ,
is the               
of FCDT Corp., which is the managing member of FC 42 Hotel LLC, which is the
managing member of FC Eighth Ave., LLC, which is a member of The New York Times
Building LLC.  The New York Times
Building LLC and FC Eighth Ave., LLC are collectively referred to as “Borrower”.   FC
Eighth Ave., LLC is an owner of the premises known as The New York Times
Building, New York, New York.  The
affiant, being duly sworn on oath, deposes and says the following:

1.             That he/she is
authorized to deliver this statement on behalf of Borrower and is thoroughly
familiar with the facts and circumstances concerning the premises described
above;

2.             Since the date of the
last Sworn Owner’s Statement submitted in connection with a Draw Request, the
only services performed, materials supplied, work done or reimbursements
furnished in connection with the mentioned premises for whom Borrower is
requisitioning funds are listed on the attachments hereto;

3.             That the contracts to
which Borrower, or any Affiliate thereof, is a party as to which Borrower is
not requisitioning funds (whether because the third party thereto is not yet
entitled to payment pursuant to the applicable contract, or because there is a
dispute between such third party and Borrower), together with the amount of any
bills, invoices or payment claims submitted by such third party, if applicable
and the reason(s) why payment has not been requisitioned are set forth on the
attachments hereto; and

4.             That, to the affiant’s
knowledge, the facts set forth in this statement and the attachments are true
and complete.

Notwithstanding anything
to the contrary contained in this Sworn Owner’s Statement, the affiant shall
not have any personal liability hereunder. 
Borrower does have liability hereunder to the same extent it has
liability under any other Loan Document.

 

	
  

  	
  Signed:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Subscribed and sworn to before me this    
  day of            , 200 .

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Notary PublicExhibit 10.2

THIRD
AMENDMENT TO PROJECT LOAN AGREEMENT

By and Among

THE NEW YORK TIMES BUILDING LLC

having an address at

One MetroTech Center North

Brooklyn, New York 11201

NYT REAL
ESTATE COMPANY LLC

having an address c/o

The New York Times Company

229 West 43rd Street

New York, New York 10036

FC EIGHTH
AVE., LLC

having an address at

One MetroTech Center North

Brooklyn, New York 11201

and

CAPMARK
FINANCE INC.

having an address at

100 South Wacker Drive, Suite 400

Chicago, Illinois 60606,

as agent

Dated as of January 29, 2007

CAPMARK
SECURITIES, INC.,

as Joint Lead Arranger

and

SUMITOMO MITSUI BANKING CORPORATION,

as Joint Lead Arranger

	
  Property Location:

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

  
	
  Lot:

  	
  Lots 1001 through 1058 (formerly Lot 1)

  
	
  Block:

  	
  1012

  
	
  Section:

  	
  4

  

 

Please return
time-stamped certified copy to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, New York 10019

Attention: Harris B. Freidus, Esq.

THIRD AMENDMENT TO
PROJECT LOAN AGREEMENT

THIS THIRD AMENDMENT TO
PROJECT LOAN AGREEMENT (this “Amendment”)
is made and entered into as of the 29 day of January, 2007 by and among CAPMARK
FINANCE INC. (formerly known as GMAC Commercial Mortgage Corporation), a
California corporation, with an address at 100 South Wacker Drive, Suite 400,
Chicago, Illinois 60606 or any successor thereto, as agent (including as
successor to Initial Agent (as hereinafter defined)) (including any of its
successors and assigns as agent, “Agent”) for
itself and any other co-lenders as may exist from time to time
(collectively, including any successors and assigns, “Lenders”
and each individually, a “Lender”),
THE NEW YORK TIMES BUILDING LLC, a New York limited liability company with an
address at One MetroTech Center North, Brooklyn, New York 11201 (including any
successors and assigns permitted in accordance with the Agreement (as
hereinafter defined), “Borrower”),
NYT REAL ESTATE COMPANY LLC, a New York limited liability company with an
address c/o The New York Times Company, 229 West 43rd Street, New York, New York 10036 (including
any successors and assigns permitted in accordance with the Agreement, “NYTC Member”) and FC EIGHTH AVE.,
LLC, a Delaware limited liability company with an address at One MetroTech
Center North, Brooklyn, New York 11201 (including any successors and assigns
permitted in accordance with the Agreement, “New
FC Member”).

W I T N E S S
E T H :

WHEREAS, Borrower, the
New York State Urban Development Corporation d/b/a Empire State Development
Corporation, a corporate governmental agency of the State of New York
constituting a political subdivision and public benefit corporation, as initial
agent (“Initial Agent”), and Agent,
for itself and on behalf of Lenders, entered into that certain Project Loan
Agreement, dated as of June 25, 2004 (the “Original Agreement”),
pursuant to which each Lender severally agreed to lend to Borrower its pro rata
share of  $149,470,521 for the purposes
of constructing a project to be located on the premises more particularly
described on Exhibit A hereto;

WHEREAS, pursuant to that
certain Assignment and Assumption (Project Loan) by Initial Agent to Agent,
dated as of June 25, 2004, Initial Agent assigned all of its right, title and
interest in the Original Agreement to Agent;

WHEREAS, Borrower and
Agent, for itself and on behalf of Lenders, entered into that certain First
Amendment to Project Loan Agreement dated as of December 5, 2004 and
Borrower, NYTC Member, New FC Member and Agent, for itself and on behalf of
Lenders, entered into that certain Second Amendment to Project Loan Agreement
dated as of August 15, 2006 (the “Second Amendment”)
wherein, among other things, FC Member and NYTC Member agreed to join in
with Borrower as co-borrowers (the Original Agreement, as so amended, the “Agreement”; capitalized terms used
herein but left undefined shall have the meanings assigned to such terms in the
Agreement);

WHEREAS, NYTC Member has
requested, and Agent has agreed, that (i)  the NYTC Units be released from
the lien of the Project Loan Mortgage, (ii) NYTC Member be removed as a
co-borrower and (iii) NYTC Guarantor be released from its guaranties; and

WHEREAS, Borrower, NYTC
Member and FC Member have requested an increase in the amount of the Project
Loan by $60,000,000 and that certain other changes to the Project Loan be made,
and Agent has agreed to make such changes.

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

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

2.             Amendments to
Project Loan Agreement.

(a)           The following new defined term is hereby
added immediately after the definition of “Architect’s Contract”:

““Assigned
Construction Documents” has the meaning given to such term in
Section 7.58 hereof.”

(b)           The definition of “Building Loan Costs” is
hereby amended by deleting clause (c) thereof and re-lettering
clause (d) thereof to clause (c).

(c)           The definition of “Common Elements Leaseable
Space” is hereby deleted.

(d)           The definitions “Extension Loan”, “Extension
Loan Documents”, “Extension Loan Conditions”, “Extension Loan Intercreditor
Agreement” and “Extension Loan Lender” are hereby deleted.

(e)           The definition of  “Permitted Exceptions” is hereby amended by
deleting the phrase “, and, after the NYTC Units Redemption shall have
occurred, the Extension Loan Documents”.

(f)            The definition of “Pro Forma Operating
Expenses” is hereby amended by deleting the phrase “and the Extension Loan”
from clause (2) thereof.

(g)           The definition of “Project Loan Amount” is
hereby amended by deleting the number “149,470,521” and inserting in lieu
thereof “209,470,521”.

(h)           The definition of “Project Loan Costs” is
hereby amended by deleting clause (c) thereof and re-lettering clause (d)
thereof to clause (c).

 2
 

(i)            The definition of “Project Loan Documents”
is hereby amended by (i) adding the phrase “and the New Project Loan
Notes, the New Project Loan Mortgage and the New Project Loan Assignment of
Leases” after the phrase “Assignment of Interest Rate Cap” and
(ii) deleting the phrase “, Extension Loan Intercreditor Agreement,
Extension Loan Documents” appearing in the second sentence thereof.

(j)            The definition of “Reimbursable Costs” is
hereby amended by deleting the phrase “7.46(a)(7)” and inserting in lieu
thereof “7.46(a)(3)”.

(k)           The definition of “Spread” is hereby deleted
in its entirety and inserted in lieu thereof is the following:

““Spread”
means one hundred and seventy-five (175) basis points per annum.”

(l)            The definition of “Syndication Condition”
is deleted in its entirety.

(m)          The following new defined term is hereby
added immediately after the definition of “Force Majeure Extension Period”:

““Forward
Commitment” means a commitment letter executed by Capmark or an
Affiliate thereof to make a permanent loan with respect to the FC Units.”

(n)           The following new defined term is hereby
added immediately after the definition of “Loans”:

““Lockout
Date” means July 1, 2007.”

(o)           The following new defined terms are hereby
added immediately after the definition of “Net Proceeds”:

““New
Project Loan Assignment of Leases” has the meaning given to such
term in Section 2.05 hereof.”

““New
Project Loan Mortgage” has the meaning given to such term in
Section 2.02 hereof.”

““New
Project Loan Notes” has the meaning given to such term in
Section 2.01 hereof.”

(p)           The following new defined term is hereby
added immediately after the definition of “ratable share” or “ratably”:

““Rate
Lock Agreement” means a Forward Rate Lock Agreement anticipated
to be executed in the form annexed as 

 3
 

Exhibit B to that
certain term sheet dated December 19, 2006 between Capmark and FC Member.”

(q)           The following new defined term is hereby
added immediately after the definition of “Rate Lock Agreement”:

““Rate Lock
Breakage Costs Line Item” means the line item in the FC Units
Budget for breakage costs incurred in connection with the Rate Lock Agreement.”

(r)            The first sentence of Section 2.01 of
the Agreement is hereby deleted in its entirety and inserted in lieu thereof is
the following:

“One or more Project Loan
Notes dated August 15, 2006 in favor of each Lender and one or more
Project Loan Notes dated January 29, 2007 in favor of each Lender (the “New Project Loan Notes”) in the
aggregate amount of the Project Amount, as the same may be replaced from time
to time (collectively, the “Project Loan Notes”).”

(s)           Section 2.02 of the Agreement is hereby
deleted in its entirety and inserted in lieu thereof is the following:

“SECTION 2.02     Project Loan Mortgage.  That certain Ground Leasehold Project Loan
Mortgage, Assignment of Leases, Security Agreement and Subordination Agreement
dated June 25, 2004 in favor of Initial Agent and Agent and that certain
Ground Subleasehold Project Loan Mortgage, Assignment of Leases, Security
Agreement and Subordination Agreement dated January 29, 2007 in favor of
Agent (the “New Project Loan Mortgage”;
collectively, as the same may have been or will be amended, the “Project Loan Mortgage”).”

(t)            Section 2.05 of the Agreement is
hereby deleted in its entirety and inserted in lieu thereof is the following:

“SECTION 2.05     Assignment of Leases.  That certain Project Loan Assignment of
Leases and Rents in favor of Initial Agent and Agent dated as of June 25,
2004 and that certain Project Loan Assignment of Leases and Rents dated January 29,
2007 in favor of Agent (the “New Project Loan
Assignment of Leases”; collectively, the “Project
Loan Assignment of Leases”).”

 4
 

(u)           Section 3.05(d) is hereby amended by
(i) deleting the penultimate sentence thereof and (ii) deleting the
phrase “(A), (B) or (C)” in the last sentence thereof and inserting in lieu
thereof the phrase “(A) or (B)”.

(v)           Sections 3.12(a) and (b) of the
Agreement are hereby deleted in their entirety and inserted in lieu thereof is
the following:

“SECTION 3.12     Prepayment.  (a)  Prior to the Lockout Date, the
Outstanding Principal may not be prepaid, in whole or in part, except for
(i) prepayments made in accordance with the Project Loan Mortgage or
Sections 7.05 and 7.51 hereof and (ii) a prepayment in full from the
proceeds of the funding of the Forward Commitment.  From and after the Lockout Date, in addition
to prepayments made in accordance with the Project Loan Mortgage or
Sections 7.05 and 7.51 hereof, the Borrower may prepay the Outstanding
Principal, in whole or in part, on any Business Day (other than the day
immediately following Thanksgiving Day or Good Friday), upon not less than five
(5) Business Days’ prior notice to Agent (but if in part, in the principal
amount of $1,000,000 or any whole number multiple thereof).  At the time of any prepayment, Borrower shall
pay (x) all accrued and unpaid interest on the principal portion of the
Project Loan being prepaid and (y) all “breakage” costs actually incurred
by Lenders as a result of such prepayment (“Breakage
Costs”), including, without limitation, any expenses incurred as
a result of any termination of any applicable interest rate management
contracts or “hedge agreements” entered into by any Lender.  A certificate of Agent setting forth the
amount of Breakage Costs which Lenders are entitled to receive shall be binding
and conclusive, absent manifest error. 
Any payment of the Outstanding Principal made during the continuation of
an Event of Default must include any Breakage Costs.

(b)  Prepayments
made in accordance with the Project Loan Mortgage or Sections 7.05 and 7.51
hereof shall, at Borrower’s option, (i) be immediately used to prepay the
Loans or (ii) pursuant to an agreement between Borrower and Agent
reasonably satisfactory to Agent, be held by Agent in an interest bearing
account as additional collateral for the Project Loan and the Building Loan
until a date selected by Borrower that is not later than the first Business Day
of the next succeeding calendar month (and Borrower shall also deposit with
Agent interest on the Loans that will accrue through such date), on which date
such amounts (plus any interest earned thereon) shall be applied to prepay the
Loans.  

 5
 

The third sentence of
Section 3.12(a) above shall apply to all prepayments pursuant to the preceding
sentence.”

(w)          Section 3.19(a)(v) is hereby amended by
deleting the phrase “(calculated after giving effect to the payment made
pursuant to clause (6) of Section 7.46(a) hereof)”.

(x)            Section 3.19(a)(vii) is hereby amended
by (i) adding the phrase “of the FC Units” after the phrase “Appraised
Value” and (ii) deleting the phrase “fifty-five percent (55%)” and
inserting in lieu thereof the phrase “sixty percent (60%)”.

(y)           Section 4.01(i)(5) of the Agreement is
hereby deleted in its entirety.

(z)            Section 4.02 of the Agreement is hereby
amended by adding the following at the end thereof:

“(o) Rate Lock
Breakage Costs Line Item.  With
respect to any Advance for sums from the Rate Lock Breakage Costs Line Item,
the ratio, expressed as a percentage, of the Remaining Loan Amount as of the
Requested Advance Date (taking into account the amount of the Advance requested
on such Requested Advance Date) to the Appraised Value of the FC Units (as
shown on a new appraisal by the appraiser that performed the Appraisal or any
other “MAI” appraiser selected by Agent or an update to the Appraisal, in
either case dated as of a date no earlier than sixty (60) days prior to the
Requested Advance Date) shall be equal to or less than eighty percent (80%).”

(aa)         Section 5.02(b)(ii) of the Agreement is hereby
amended by adding the following prior to the period at the end of the first
sentence thereof:

“or (D) if any portion of
the requested Advance relates to the Rate Lock Breakage Costs Line Item, in
which event Agent shall distribute such portion directly to the party under the
Rate Lock Agreement to whom moneys are owed”.

(bb)         Section 6.13 of the Agreement is hereby
amended by deleting the phrase “the Extension Loan, if then made”.

(cc)         Section 6.41 of the Agreement is hereby
amended by deleting the phrase “and/or the Extension Loan”.

(dd)         Section 7.06 of the Agreement is hereby
amended by deleting the number “90,000.00” and inserting in lieu thereof the
number “125,000.00”.

 6
 

(ee)         Section 7.11(b) of the Agreement is
hereby amended by deleting the phrase “the Extension Loan Lender”.

(ff)           Section 7.11(d) of the Agreement is hereby
deleted in its entirety and inserted in lieu thereof is the following:

“(d) In the event that
(A) a line item in a Budget shall be completed (and paid for in full with
all appropriate final lien waivers obtained) without the expenditure of all
amounts in the applicable Budget allocated to such line item or
(B) Borrower shall demonstrate to Agent’s reasonable satisfaction that a
cost savings has been or will be realized with respect to any uncompleted line
item, Agent shall permit the applicable portion of such overbudgeted line item
to be (x) in the case of NYTC Units Budget line items, advanced pursuant to the
last sentence of Section 3.05(d) of this Agreement or (y) in the case of
FC Units Budget or NYTC Units Budget line items, shifted to one or more other
line items, provided that:  (i) a
revised Budget and a revised Disbursement Schedule, each of which shall indicate
revisions made to date (including, without limitation, the reallocation of
amounts as a result of such cost savings) shall have been furnished to and
reasonably approved by Agent and Construction Consultant (provided that in the
case of the Disbursement Schedule only, Agent and Construction Consultant shall
be deemed to have approved any best estimate revisions made in good faith by
Borrower), (ii) no line item for Hard Costs shall be reallocated to pay
any line items that are not Hard Costs until all Hard Costs shall have been
paid for, and (iii) any reallocation of Budget amounts will not have the
effect of reducing the net sum which Borrower estimates will be available to it
from the Building Loan to pay contractors, subcontractors, laborers and
materialmen for the Improvement as set forth in Borrower’s Lien Law
Affidavit.  Notwithstanding the
foregoing, no reallocation with respect to the Development Cost Line Item or
the Rate Lock Breakage Costs Line Item shall be permitted; provided, however,
that upon achievement of Substantial Completion of the Project, Borrower shall
be permitted to use all or any portion of the Development Cost Line Item for
the purchase of any Interest Rate Caps then required to be provided hereunder
and, to the extent the Development Cost Line Item exceeds the costs of such
Interest Rate Caps as determined by Agent, to any other line item in the
Budgets, subject, however, to clause (iii) of this Section 7.11(d).”

 7
 

(gg)         Section 7.14(a)(vi)(3) is hereby amended
by deleting the phrase “except in connection with the Extension Loan”.

(hh)         Section 7.14(b)(i) is hereby amended by
deleting the phrase “or the Common Elements Leasable Space (as defined in the
Ground Lease), as applicable”.

(ii)           Section 7.32(b)(ii) of the Agreement is
hereby amended by deleting the phrase “, and any Transfer occurring as a result
of the exercise of any remedies by the Extension Loan Lender under the
Extension Loan Documents”.

(jj)           Section 7.35 of the Agreement is hereby
deleted in its entirety.

(kk)         Section 7.36(g) of the Agreement is
hereby deleted in its entirety and inserted in lieu thereof is the following:

“(g) has not incurred,
assumed or created and will not incur, assume or create any debt, secured or
unsecured, direct or contingent (including guaranteeing any obligation), other
than (i) the Building Loan, (ii) the Project Loan, (iii) any
Interest Rate Cap, (iv) the Rate Lock Agreement and (v) unsecured
trade payables or accrued expenses or other obligations incurred in the
ordinary course of business in connection with the developing, constructing and
operating of the Mortgaged Property; no other debt (other than the Rate Lock
Agreement) will be secured (senior, subordinate or pari passu) by the Mortgaged
Property;”

(ll)           Section 7.46 of the Agreement is hereby
deleted in its entirety and inserted in lieu thereof is the following, and
Agent confirms that all of the conditions set forth below to the release of the
NYTC Units and the other releases set forth in Section 7.46(b) have been
satisfied as of the date hereof:

“SECTION 7.46     NYTC Units Release
Provisions.  (a) Provided that no
Noticed Default or Event of Default exists under any Building Loan Document or
Project Loan Document, upon the satisfaction of the following conditions, the
releases and terminations referred to in Section 7.46(c) hereof shall be
effectuated:

(1)           the
condominium association shall have (A) collaterally assigned its rights to
Leases of the Lobby Sublease Space and the Commercial Signage (as each such
term is defined in the Condominium Declaration) and agreed to deposit all Rents
therefrom (solely to the extent of distributions therefrom to which FC Member
would be entitled) into one of the Collection Accounts (the “Condominium Assignment”) and (B)
collaterally assigned the 

 8
 

rights to excess casualty
proceeds (to the extent of FC Member’s interest therein) to Agent for the
benefit of Agent and Lenders pursuant to one or more instruments in form and
substance satisfactory to Agent (the document or documents referred to the
foregoing clauses (A) and (B) being referred to as the “Condominium
Security Documents”), and Agent shall have received an opinion
of counsel reasonably satisfactory to Agent as to the due authorization,
execution and delivery and enforceability of such agreements and such other
customary matters with respect thereto as Agent may reasonably require;

 (2)          the NYTC Units will
constitute one or more tax lots separate and distinct from the tax lot or lots
applicable to the portion of the Premises encumbered by the lien of the
remaining Project Loan Mortgage;

(3)           Borrower
shall have paid all reasonable, third-party out of pocket costs and expenses
incurred by Agent in connection with such release (including reasonable
attorneys’ fees and disbursements);

(4)           Agent
shall have received an endorsement to the existing title policy to the effect
that the release shall not cause a subordination, in whole or in part, of the
Building Loan Mortgage and Project Loan Mortgage as they affect the remaining
Units;

(5)           Borrower
and FC Member shall have executed and delivered to Agent new replacement
Project Loan Notes with Borrower and FC Member as co-borrowers; and

(6)           Agent
shall have received such other opinions, documents, certificates, instruments,
or assurances (including, without limitation, any new UCC-1 Financing Statements)
as Agent may reasonably request in connection with the actions and events
described in this Section 7.46(a).

(b)           Upon
the fulfillment of the conditions set forth in Section 7.46(a),
(i) the NYTC Units shall be released of record from the liens of the Building
Loan Mortgage and Project Loan Mortgage and from the Building Loan Assignment
of Leases and Project Loan Assignment of Leases, (ii) the Assignment of
Contracts – NYTC Member, the NYTC Non-Recourse Carveouts Guaranty and the
NYTC Completion Guaranty shall be deemed to have been automatically terminated
and NYTC Guarantor and NYTC Member shall have no further liability under the
Building Loan Documents or the Project Loan Documents to which they are a
party, (iii) the Severance Sublease to which NYTC Member is a party shall
be released of record from the lien of the Building Loan Mortgage and Project
Loan Mortgage, (iv) all references, covenants, representations and
warranties applicable to, or with respect to, 

 9
 

NYTC Member in the
remaining Project Loan Documents shall be deemed to have been automatically
terminated (provided, however, that the rights of NYTC Member pursuant to
Section 3.20 of this Agreement shall remain in effect), (v) Agent
shall cause the Lenders to return to NYTC Member the existing Project Loan
Notes, marked cancelled and (vi) Agent shall return to NYTC Member the
conditional resignations executed by each of the managers of the NYTC Board of
Directors (as such term is defined in the Condominium Declaration).

(c)           Agent
agrees to execute and deliver such additional agreements and instruments, as
may from time to time be reasonably requested by any Borrower Entity in order
to effectuate fully the transactions contemplated by and agreements made in
this Section 7.46.  All
out-of-pocket costs and expenses incurred by Agent in connection with such
execution and delivery shall be Reimbursable Costs.”

(mm)       Section 7.52 of the Agreement is hereby
amended by deleting the phrase “other than the Extension Loan and the Mezzanine
Loan (as defined in the FC Operating Agreement)”.

(nn)         Section 9.01(a) of the Agreement is
hereby amended by (i) deleting the phrase “or 7.46” and (ii) adding “or
(iv) failure by Borrower (or the Affiliate of Borrower which is a party to
the Rate Lock Agreement) to pay any amount due under the Rate Lock Agreement
when the same shall become due and payable” after the phrase “Security Deposits
Accounts Agreement”.

(oo)         Section 9.01(t) is hereby amended by deleting
the word “or” appearing at the end thereof.

(pp)         Section 9.01(u) is hereby amended by deleting
the period at the end thereof and inserting “; or” in lieu thereof.

(qq)         The following is inserted at the end of
Section 9.01 of the Agreement:

“(v) if the manager under
any Managing Agent Agreement or the leasing agent under any Leasing Agent
Agreement is an Affiliate of any Borrower Entity, if such manager or leasing
agent shall fail to duly keep, perform or observe any of the covenants
contained in any consent to the collateral assignment thereof or any
subordination of such Managing Agent Agreement and such failure shall continue
for ten (10) Business Days after notice of such failure from Agent.”

(rr)           Section 11.05 of the Agreement is
hereby amended by deleting the number “320,000,000.00” and inserting in lieu
thereof “380,000,000.00”.

 10
 

(ss)         A new Section 7.58 is hereby added to the
Agreement as follows:

“SECTION 7.58     Assignment of Construction
Contracts.  (a) Provided that no
Noticed Default or Event of Default exists under any Building Loan Document or
Project Loan Document, Borrower shall have the right to assign its interest in
certain contracts approved by Agent related to the design and construction of
the Project (such approved contracts, the “Assigned Construction
Documents”) to the Board of Managers of the New York Times
Condominium, free and clear of any lien of Agent thereon, upon satisfaction of
the following conditions:

(1)           Substantial
Completion shall have occurred;

(2)           Agent
shall have received not less than ten (10) Business Days’ notice of such
assignments;

(3)           Borrower
shall have paid all reasonable, third-party out of pocket costs and expenses
incurred by Agent in connection with such assignments (including reasonable
attorneys’ fees and disbursements);

(4)           Borrower
shall have received all consents or approvals from all third parties required
in connection with such assignments;

(5)           Borrower
shall have delivered to Agent all of the documents to be executed in connection
with such assignments, all of which shall be in form and substance reasonably
satisfactory to Agent;

(6)           Agent
shall be satisfied that the Board of Managers of the New York Times Condominium
has the right to enforce such Assigned Construction Documents for the benefit
of the owners of the Units and that upon the occurrence of an event giving rise
to the right to enforce such rights, a unit owner may exercise remedies against
such Board unless such Board either (A) enforces its rights under such Assigned
Construction Documents or (B) remedies the underlying matter giving rise to
such right to enforce such rights under such Assigned Construction Documents;
and

(7)           Agent
shall have received such other documents or assurances as Agent may reasonably
request in connection with the assignments.

(b)           Upon
the fulfillment of the foregoing conditions, Agent shall deliver (i) one
or more UCC-3 termination statements which shall amend the collateral
description to previously filed UCC-1 financing statements to exclude the
Assigned Construction 

 11
 

Documents and (ii) a
partial release of the Assignment of Contracts —Borrower providing for the
release of the Assigned Construction Documents.”

(tt)           Capitalized terms used
in the Agreement by reference to their respective definitions in the Ground
Lease shall continue to have the meanings set forth in the Ground Lease,
without taking into account the Amended and Restated Agreement of Lease dated
as of August 15, 2006 or any subsequent amendments thereto.

(uu)         Exhibit E to the
Agreement is hereby deleted in its entirety and replaced with the document
attached hereto as Exhibit B.

(vv)         The form of
Non-Disturbance Agreement attached as Exhibit H to the Agreement shall be
amended (i) to include, in Recitals B and C thereof, a reference to
the New Project Loan Mortgage and the New Project Loan Assignment of Leases and
(ii) to change the notice address and signature line for Agent to conform
to the Agreement.

(ww)       Exhibit R to the
Agreement is hereby deleted in its entirety.

3.             Project
Loan Restructuring Documents.  The
following documents, together with this Amendment, shall hereinafter be
referred to collectively as the “Project  Loan
Restructuring Documents” and, notwithstanding anything to the
contrary in the Agreement, all of the Project 
Loan Restructuring Documents shall be Project  Loan Documents:

(a)           Replacement Project
Loan Notes. Those certain Project 
Loan Notes of even date herewith from Borrower and New FC Member in
favor of (i) Agent in the principal amount of $60,968,238.83,
(ii) Capmark Bank in the principal amount of $39,334,347.63 and
(iii) Sumitomo Mitsui Banking Corporation in the principal amount of
$49,167,934.54;

(b)           New Project Loan
Notes.  Those certain Project Loan
Notes of even date herewith from Borrower and New FC Member in favor of
(i) Agent in the principal amount of $24,473,684.20, (ii) Capmark
Bank in the principal amount of $15,789,473.69 and (iii) Sumitomo Mitsui
Banking Corporation in the principal amount of $19,736.842.11.

(c)           Reaffirmation.  The Reaffirmation of Guaranty and Consent to
Restructuring by FC Guarantor in favor of Agent for the benefit of Agent and
Lenders, dated as of even date herewith.

(d)           New Project Loan
Mortgage.  The Ground Subleasehold
Project Loan Mortgage, Assignment of Leases, Security Agreement and
Subordination Agreement by Borrower and New FC Member in favor of Agent for the
benefit of Agent and Lenders, dated as of even date herewith.

 12
 

(e)           New Project Loan
Assignment of Leases.  The Project
Loan Assignment of Leases and Rents by Borrower and New FC Member in favor of
Agent for the benefit of Agent and Lenders, dated as of even date herewith.

(f)            Consent of FC
Office Manager.  The Consent to
Collateral Assignment and Subordination of Management Agreement (Office) by
First New York Partners Management, LLC (formerly known as First New York
Partners) (“First New
York”) in favor of Agent for the benefit of Agent and Lenders,
dated as of even date herewith.

(g)           Subordination of
Common Elements Management Agreement. 
The Subordination of Management Agreement (Common Elements) by First New
York in favor of Agent for the benefit of Agent and Lenders, dated as of even
date herewith.

(h)           Amendment to Fee
Letter.  The amendment to the Side
Letter re: Fees among Borrower, New FC Member and Agent.

(i)            Condominium
Security Documents.  The Assignment
of Rents and Proceeds by The New York Times Condominium (the “Condominium”) in
favor of Agent for the benefit of Agent and Lenders, dated as of even date
herewith.

(j)            Interest Rate Cap
Modification.  The amendment to
Interest Rate Cap Agreement between Borrower and Bear Stearns Financial
Products Inc. (“Bear
Stearns”).

4.             Conditions
to Agreement.  The obligation of
Agent to execute and deliver this Amendment and the other Project  Loan Restructuring Documents to which it is a
party and the effectiveness of this Amendment and the other Project  Loan Restructuring Documents shall be subject
to the following conditions precedent:

(a)           Payment of Fees.  Borrower shall have paid all costs and
expenses associated with the Project 
Loan Restructuring Documents as provided in Section 7.06(a) of the
Agreement;

(b)           Restructuring
Documents.  The Project  Loan Restructuring Documents, in form and
substance satisfactory to Agent, shall have been duly executed and delivered by
the parties thereto and shall be in full force and effect, and Agent shall have
received originals thereof;

(c)           Lenders.  All of the Lenders shall have consented to
this Amendment and all of the Lenders shall have executed and delivered this
Amendment;

(d)           Legal Opinions.  Agent shall have received opinions addressed
to Agent, in form and substance satisfactory to Agent and Agent’s counsel, from
counsel satisfactory to Agent as to such matters as Agent shall request;

 13
 

(e)           Organizational
Documents.  Agent shall have received
copies of all organizational documentation related to New FC Member and FC
Guarantor as Agent may request and/or their formation, structure, existence,
good standing and/or qualification to do business, as Agent may request,
including such resolutions and/or consents and incumbency certificates as may
be requested by Agent, certified in each case by the applicable Borrower
Entity;

(f)            Financial Condition.  There shall have been no material adverse
change in the financial condition of any Borrower Entity since August 15, 2006;

(g)           Searches.  To the extent required by Agent, current tax
lien, pending litigation, bankruptcy, judgment lien and Uniform Commercial Code
searches against Borrower and New FC Member, in such jurisdictions and offices
as Agent shall designate.  Such searches
shall not have revealed any lien, litigation, bankruptcy or filing against any
such entities other than those acceptable to Agent;

(h)           Notices.  All notices required by any Governmental
Authority or by any applicable Legal Requirements to be filed prior to or on
the date of this Agreement in connection with the Project Loan or the Building
Loan shall have been filed;

(i)            Proceedings.  All proceedings in connection with the
transactions contemplated by this Amendment and the other Project  Loan Restructuring Documents shall be
satisfactory to Agent and Agent’s counsel, and Agent shall have received all
information and such counterpart originals or certified copies of such
documents and such other certificates, opinions or documents as Agent and Agent’s
counsel may require;

(j)            Title Matters.  Agent shall have received a mortgagee title
insurance policy in the principal amount of the New Project Loan Notes and
Agent shall have received such title endorsements, affirmative insurance or
other title assurances with respect to such new title policy or with respect to
the existing mortgagee title policy as Agent shall require;

(k)           No Default.  No Noticed Default or Event of Default shall
exist under any Building Loan Document or Project Loan Document;

(l)            Condominium Opinion.  Agent shall have received the opinion
required by Section 7.46(a)(1) of the Agreement;

(m)          Loan Application.  The term sheet for the permanent loan to FC
Member from Capmark shall have been executed and delivered by FC Member;

(n)           Reaffirmation of Cap
Agreement.  Agent shall have received
a Reaffirmation of Assignment of Interest Rate Cap (Counterparty) from Bear
Stearns;

 14
 

(o)           Estoppel
Certificates.  Agent shall have
received one or more estoppel letters in form and substance acceptable to Agent
from the New York City Transit Authority, ESDC, Ground Lessor and the City of
New York;

(p)           Revised Budgets.  The Budgets shall have been revised in a
manner consistent with this Amendment and Lender shall have approved such
revised Budgets;

(q)           Deliveries.  Agent shall have received evidence of the
following deliveries:  (i) delivery
of the New Project Loan Notes, New Project Loan Mortgage, New Project Loan
Assignment of Leases, this Amendment and the releases provided for by
Section 7.46, and the name and address of Agent, to Ground Lessor and the
City of New York; (ii) delivery of a notice, at least twenty
(20) days prior to the date hereof, to the Board of Managers of the
Condominium of the proposed New Project Loan Mortgage and this Amendment; and
(iii) delivery of a certified copy of the New Project Loan Mortgage and
the name and address of Agent to NYTC Member, the Board of Managers of the
Condominium, the NYTC Board of Managers (as defined in the Condominium
Declaration) and the FC Board of Managers (as defined in the Condominium Declaration);

(r)            Condominium
Assessments.  Agent shall have
received evidence satisfactory to it that all Unit Owners Expenses (as defined
in the Condominium Declaration) payable by FC Member to date have been paid;

(s)           Common Elements
Percentage Correction.  Agent shall
receive fully executed copies of all documents that Agent shall require to
correct the previous error made in respect of the calculation of the percentage
of Common Elements attributable to each condominium unit; and

(t)            Other Deliveries.  Agent shall have received such other
opinions, documents, certificates, or assurances (including, without
limitation, any new UCC-1 Financing Statements) as Agent may require.

5.             Modification
of Legal Description.  Due to an
error in the Condominium Declaration, the Common Elements attributable to each
of the condominium units, set forth in Exhibit A to the Second Amendment,
was incorrect.  Accordingly, the parties
hereto agree that Exhibit A attached hereto correctly sets forth the
percentage of Common Elements attributable to each condominium unit, and
Exhibit A to the Second Amendment is hereby deemed to be corrected to
correspond to Exhibit A attached hereto.

6.             Representations
and Warranties of Borrower Entities. 
Each of Borrower, NYTC Member and New FC Member represents and warrants
that: (a) the Project  Loan Restructuring
Documents to which it is a party are in all respects valid and legally binding
obligations, enforceable against it in accordance with their respective terms
(subject to the effects of bankruptcy, insolvency, reorganization, moratorium
or other similar laws affecting the enforcement of creditors’ rights
generally); (b) the Project 

 15
 

Loan Documents to
which it is a party are not subject to any right of rescission, set-off,
counterclaim or defense by it, including the defense of usury, and it has not
asserted any right of rescission, set-off, counterclaim or defense with respect
to the Project  Loan Documents to which
it is a party; (c) the execution and delivery by it of the Project  Loan Restructuring Documents to which it is a
party do not, and the performance and observance by it of its respective
obligations thereunder will not, contravene or result in a breach of or default
under (i) any provision of its organizational documents, (ii) any Legal
Requirements applicable to it or to the Mortgaged Property or the use or
operation thereof, (iii) any decree or judgment binding on it or its assets, or
(iv) any agreement or instrument binding on it or its assets; (d) it has
full power, right and authority to execute, deliver and perform its obligations
under the Project  Loan Restructuring
Documents to which it is a party; (e) each Project  Loan Restructuring Document to which it is a
party has been duly authorized, executed and delivered by all necessary parties
on behalf of it; and (f) all Governmental Approvals and all third party
consents and approvals which are required to have been obtained to date in
connection with the valid execution, delivery and performance of this Agreement
and the other Project  Loan Restructuring
Documents to which it is a party have been obtained and are in full force and
effect.  Each of Borrower and FC Member
represent and warrant that there has been no material adverse change since
August 15, 2006 in its financial condition.

7.             Breakeven
Leasing.  Agent acknowledges that
Breakeven Leasing has occurred.

8.             No
Release.  Nothing contained in this
Amendment or in any of the other Project 
Loan Restructuring Documents shall be constructed as a release of
Borrower or FC Member with respect to their respective obligations under the
Loan Documents, and each of Borrower and FC Member hereby acknowledges and
agrees that its obligations and liabilities under the Loan Documents to which
it is a party are in full force and effect, are hereby ratified and confirmed,
and shall continue in full force and effect upon all of the terms and
conditions set forth therein.

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

10.           Successors and
Assigns.  The provisions contained in
this Amendment shall be binding upon and shall inure to the benefit of the
parties hereto and their successors and assigns.

11.           Ratification.  The Agreement, as amended hereby, is hereby
ratified and confirmed in all respects.

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

 16
 

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

[signature
pages follow]

 17

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

	
  

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  THE NEW YORK TIMES BUILDING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  FC Eighth Ave., LLC, member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David L. Berliner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:  David
  L. Berliner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:  Sr.
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AGENT:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CAPMARK FINANCE INC., as Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank J. Guzauskas

  	
   

  
	
   

  	
   

  	
  Name:  Frank
  J. Guzauskas

  
	
   

  	
   

  	
  Title:  Vice
  President

  
								

 

[SIGNATURES CONTINUE ON NEXT PAGE]

[Signature page to PLA Third Amendment]

 

	
  

  	
  NEW FC MEMBER:

  
	
   

  	
   

  
	
   

  	
  FC EIGHTH AVE., LLC

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David L. Berliner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:  David
  L. Berliner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:  Sr.
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NYTC MEMBER:

  
	
   

  	
   

  
	
   

  	
  NYT REAL ESTATE COMPANY LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth Richieri

  	
   

  
	
   

  	
   

  	
  Name:  Kenneth
  Richieri

  
	
   

  	
   

  	
  Title: 
  Manager

  

 

THE UNDERSIGNED ARE
EXECUTING THIS

AMENDMENT TO INDICATE THEIR AGREEMENT

TO THIS AMENDMENT AND THE OTHER PROJECT

LOAN RESTRUCTURING DOCUMENTS:

	
  CAPMARK BANK, as Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ George Hernandez

  	
   

  
	
   

  	
  Name:  George
  Hernandez

  
	
   

  	
  Title:  Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  SUMITOMO MITSUI BANKING CORPORATION, as Lender

  
	
  and Joint Lead Arranger

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Yoshihiro Hyakutome

  	
   

  
	
   

  	
  Name: 
  Yoshihiro Hyakutome

  
	
   

  	
  Title:  Joint
  General Manager

  

 

[Signature page to
PLA Third Amendment]

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF KINGS

  	
  )

  

 

On the 22nd day of Jan. in the year 2007 before me, the
undersigned, personally appeared David L. Berliner personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
  

  	
  /s/ Jeanne Mucci

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  JEANNE MUCCI

  
	
   

  	
  Notery Public, State of New York

  
	
   

  	
  No. 30-4834577

  
	
   

  	
  Qualified in Nassau County

  
	
   

  	
  Commission Expires March 30, 2007

  

 

[Notary page to
PLA Third Amendment]

 

	
  STATE OF ILLINOIS

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF COOK

  	
  )

  

 

On the 22nd day of Jan. in the year 2007 before me, the
undersigned, personally appeared Frank J. Guzauskas personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
  

  	
  /s/ Valerie Jados

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Official Seal

  
	
   

  	
  VALERIE JADOS

  
	
   

  	
  Notary Public - State of Illinois

  
	
   

  	
  My Commission Expires 03/25/09

  

 

[Notary page to
PLA Third Amendment]

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  

 

On the 26th day of January in the year 2007 before me, the
undersigned, personally appeared Kenneth Richieri personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
  

  	
  /s/ Deborah Beshaw

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  DEBORAH BESHAW

  
	
   

  	
  Notary Public, State of New York

  
	
   

  	
  No. 01BE5076617

  
	
   

  	
  Qualified in Kings County

  
	
   

  	
  Certificate on file in New York County

  
	
   

  	
  Commission Expires April 21, 2009

  

 

[Notary page to
PLA Third Amendment]

 

	
  STATE OF ILLINOIS

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF COOK

  	
  )

  

 

On the 22 day of Jan. in
the year 2007 before me, the undersigned, personally appeared George Hernandez
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and
acknowledged to me that he executed the same in his capacity, and that by his
signature on the instrument, the individual, or the person upon behalf of which
the individual acted, executed the instrument.

	
  

  	
  /s/ Valerie Jados

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  Official Seal

  
	
   

  	
  VALERIE JADOS

  
	
   

  	
  Notary Public - State of Illinois

  
	
   

  	
  My Commission Expires: 03/25/09

  

 

[Notary page to
PLA Third Amendment]

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  

 

On the 26th day of January in the year 2007 before me, the
undersigned, personally appeared Yoshihiro Hyakutome personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument,
the individual, or the person upon behalf of which the individual acted,
executed the instrument.

	
  

  	
  /s/ Jerry H. Wechsler

  
	
  

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
  JERRY H. WECHSLER

  
	
   

  	
  Notary Public, State of New York

  
	
   

  	
  No. 01WE6046972

  
	
   

  	
  Qualified in Kings County

  
	
   

  	
  Commission Expires August 21, 2010

  

 

[Notary page to PLA Third
Amendment]

Exhibit A

Premises 

The Condominium
Units (hereinafter called the “Units”) in
the building (hereinafter called the “Building”)
known as The New York Times Building Condominium and by the street address 620
Eighth Avenue, Borough of Manhattan, City, County and State of New York, said
Units being designated and described as set forth on Schedule 1 herein and in
that certain declaration, dated as of August 4, 2006 made by The New York Times
Building LLC pursuant to Article 9-B of the Real Property Law of the State of
New York (hereinafter called the “Condominium Act”)
establishing condominium ownership of the Building and the land (hereinafter
called the “Land”) upon which the
Building is situate (which Land is more particularly described below and by
this reference made a part hereof), which declaration was recorded in the New
York County Office of the Register of The City of New York (the “City Register’s Office”) on August
15, 2006, as CRFN 2006000460293, (which declaration, and any amendments
thereto, are hereinafter collectively called the “Declaration”).  The Units are also designated as Tax Lot Nos.
as set forth on Schedule 1 herein, in Block 1012 of Section 4 of the Borough of
Manhattan on the Tax Map of the Real Property Assessment Bureau of The City of
New York and on the Floor Plans of the Building filed with the Real Property
Assessment Bureau of The City of New York on August 14, 2006 as Condominium
Plan No. 1595 and also filed in the City Register’s Office of New York County
on August 15, 2006 as Condominium CRFN 2006000460294 (as such Floor Plans are
amended from time to time).

TOGETHER with an
undivided percentage interest as set forth in Schedule 1 herein,
respectively, in the Common Elements (as such term is defined in the
Declaration) of The New York Times Building Condominium;

The Land area of the
Condominium is more particularly described as follows:

ALL that certain plot,
piece or parcel of land, situate, lying and being in the Borough of Manhattan,
County of New York, City and State of New York, bounded and described as
follows:

BEGINNING at the corner
formed by the intersection of the northerly line of West 40th Street with the easterly line of 8th Avenue;

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

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

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

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

Schedule
1

Description of Units

	
  Unit Designation

  	
   

  	
  Tax Lot

  	
   

  	
  Percentage Interest In

  Common Elements

  	
   

  
	
  0-A

  	
   

  	
   

  	
  1001

  	
   

  	
  0.6627

  	
  %

  
	
  0-B

  	
   

  	
   

  	
  1002

  	
   

  	
  0.4079

  	
  %

  
	
  1-A

  	
   

  	
   

  	
  1003

  	
   

  	
  2.0132

  	
  %

  
	
  1-B

  	
   

  	
   

  	
  1004

  	
   

  	
  0.2823

  	
  %

  
	
  1-C

  	
   

  	
   

  	
  1005

  	
   

  	
  0.2921

  	
  %

  
	
  1-D

  	
   

  	
   

  	
  1006

  	
   

  	
  0.4371

  	
  %

  
	
  1-E

  	
   

  	
   

  	
  1007

  	
   

  	
  0.0691

  	
  %

  
	
  1-F

  	
   

  	
   

  	
  1008

  	
   

  	
  0.6443

  	
  %

  
	
  2-A

  	
   

  	
   

  	
  1009

  	
   

  	
  4.7805

  	
  %

  
	
  3-A

  	
   

  	
   

  	
  1010

  	
   

  	
  4.7579

  	
  %

  
	
  4-A

  	
   

  	
   

  	
  1011

  	
   

  	
  4.5636

  	
  %

  
	
  5-A

  	
   

  	
   

  	
  1012

  	
   

  	
  1.6352

  	
  %

  
	
  6-A

  	
   

  	
   

  	
  1013

  	
   

  	
  1.7325

  	
  %

  
	
  7-A

  	
   

  	
   

  	
  1014

  	
   

  	
  1.7325

  	
  %

  
	
  8-A

  	
   

  	
   

  	
  1015

  	
   

  	
  1.7325

  	
  %

  
	
  9-A

  	
   

  	
   

  	
  1016

  	
   

  	
  1.7325

  	
  %

  
	
  10-A

  	
   

  	
   

  	
  1017

  	
   

  	
  1.7325

  	
  %

  
	
  11-A

  	
   

  	
   

  	
  1018

  	
   

  	
  1.7325

  	
  %

  
	
  12-A

  	
   

  	
   

  	
  1019

  	
   

  	
  1.7325

  	
  %

  
	
  13-A

  	
   

  	
   

  	
  1020

  	
   

  	
  1.7325

  	
  %

  
	
  14-A

  	
   

  	
   

  	
  1021

  	
   

  	
  1.7440

  	
  %

  
	
  15-A

  	
   

  	
   

  	
  1022

  	
   

  	
  1.3998

  	
  %

  
	
  16-A

  	
   

  	
   

  	
  1023

  	
   

  	
  1.7484

  	
  %

  
	
  17-A

  	
   

  	
   

  	
  1024

  	
   

  	
  1.7207

  	
  %

  
	
  18-A

  	
   

  	
   

  	
  1025

  	
   

  	
  1.7711

  	
  %

  
	
  19-A

  	
   

  	
   

  	
  1026

  	
   

  	
  1.7711

  	
  %

  
	
  20-A

  	
   

  	
   

  	
  1027

  	
   

  	
  1.7711

  	
  %

  
	
  21-A

  	
   

  	
   

  	
  1028

  	
   

  	
  1.7711

  	
  %

  
	
  22-A

  	
   

  	
   

  	
  1029

  	
   

  	
  1.7711

  	
  %

  
	
  23-A

  	
   

  	
   

  	
  1030

  	
   

  	
  1.7711

  	
  %

  
	
  24-A

  	
   

  	
   

  	
  1031

  	
   

  	
  1.7711

  	
  %

  
	
  25-A

  	
   

  	
   

  	
  1032

  	
   

  	
  1.7711

  	
  %

  
	
  26-A

  	
   

  	
   

  	
  1033

  	
   

  	
  1.7711

  	
  %

  
	
  27-A

  	
   

  	
   

  	
  1034

  	
   

  	
  1.7711

  	
  %

  
	
  28-A

  	
   

  	
   

  	
  1035

  	
   

  	
  0.4446

  	
  %

  
	
  28-B

  	
   

  	
   

  	
  1036

  	
   

  	
  0.2507

  	
  %

  
	
  29-A

  	
   

  	
   

  	
  1037

  	
   

  	
  1.7678

  	
  %

  

 

 

	
  30-A

  	
   

  	
   

  	
  1038

  	
   

  	
  1.8386

  	
  %

  
	
  31-A

  	
   

  	
   

  	
  1039

  	
   

  	
  1.8386

  	
  %

  
	
  32-A

  	
   

  	
   

  	
  1040

  	
   

  	
  1.8386

  	
  %

  
	
  33-A

  	
   

  	
   

  	
  1041

  	
   

  	
  1.8386

  	
  %

  
	
  34-A

  	
   

  	
   

  	
  1042

  	
   

  	
  1.8386

  	
  %

  
	
  35-A

  	
   

  	
   

  	
  1043

  	
   

  	
  1.8386

  	
  %

  
	
  36-A

  	
   

  	
   

  	
  1044

  	
   

  	
  1.8386

  	
  %

  
	
  37-A

  	
   

  	
   

  	
  1045

  	
   

  	
  1.8376

  	
  %

  
	
  38-A

  	
   

  	
   

  	
  1046

  	
   

  	
  1.8376

  	
  %

  
	
  39-A

  	
   

  	
   

  	
  1047

  	
   

  	
  1.8376

  	
  %

  
	
  40-A

  	
   

  	
   

  	
  1048

  	
   

  	
  1.8376

  	
  %

  
	
  41-A

  	
   

  	
   

  	
  1049

  	
   

  	
  1.8376

  	
  %

  
	
  42-A

  	
   

  	
   

  	
  1050

  	
   

  	
  1.8376

  	
  %

  
	
  43-A

  	
   

  	
   

  	
  1051

  	
   

  	
  1.8376

  	
  %

  
	
  44-A

  	
   

  	
   

  	
  1052

  	
   

  	
  1.8427

  	
  %

  
	
  45-A

  	
   

  	
   

  	
  1053

  	
   

  	
  1.7710

  	
  %

  
	
  46-A

  	
   

  	
   

  	
  1054

  	
   

  	
  1.8920

  	
  %

  
	
  47-A

  	
   

  	
   

  	
  1055

  	
   

  	
  1.8920

  	
  %

  
	
  48-A

  	
   

  	
   

  	
  1056

  	
   

  	
  1.8920

  	
  %

  
	
  49-A

  	
   

  	
   

  	
  1057

  	
   

  	
  1.8920

  	
  %

  
	
  50-A

  	
   

  	
   

  	
  1058

  	
   

  	
  1.8920

  	
  %

  
	
  TOTAL: 58

  	
   

  	
   

  	
   

  	
   

  	
  100.00

  	
  %

  

 

Exhibit B

Draw
Request

[see
attached]

EXHIBIT E

DRAW
REQUEST

                              ,
200 

Capmark Finance Inc., as Agent

100 South Wacker Drive, Suite 400

Chicago, Illinois  60606

Attn:  George Hernandez, Vice President

[                                                     

                                                      

                                                      

Attn:                                             ](1)

Re:      Building Loan Agreement
dated as of June 25, 2004 (as revised, restated, amended or modified from
time to time, the “Building Loan Agreement”)
and Project Loan Agreement dated as of June 25, 2004 (as revised,
restated, amended or modified from time to time, the “Project Loan
Agreement”; together with the Building Loan Agreement, the “Loan Agreements”) each now by and among The New York Times
Building LLC (“Original Borrower”), FC Eighth
Ave., LLC (together with Original Borrower, “Borrower”),
and Capmark Finance Inc. and any successor thereto, as agent (including any
successors and assigns as agent, “Agent”) for
itself and on behalf of any lenders as may exist from time to time (such
lenders, collectively, including any successors and assigns, “Lenders”).  All
capitalized terms not defined herein shall have the meanings ascribed to them
in the Loan Agreements.

Ladies and Gentlemen:

In accordance with the
Loan Agreements, Borrower desires to obtain an advance of                    
($          ) (the “Building Loan Advance”) and an advance of              
($           ) (the “Project Loan Advance”; together with the Building Loan
Advance, the “Advances” and individually, an “Advance”) on                 
(the “Requested Advance Date”) as
follows:  $           
on account of Building Loan Costs for the FC Units, $         
on account of Building 

(1)           Copies of the Draw
Request do not need to go to the Disbursement Agent unless Agent has made the
election under Section 5.03(b)(ii) of the Building Loan Agreement.

Loan Costs for the NYTC
Units, $           on account
of Project Loan Costs for the FC Units, and $         
on account of Project Loan Costs for the NYTC Units.  Such allocations (a) are more
particularly set forth on the attachments to the Sworn Owner’s Affidavit which
is attached hereto and (b) have been prepared in accordance with the Cost
Allocation Methodology.  In order to
induce Lenders to make each Advance, Borrower hereby represents and warrants
the following to Agent and Lenders:

1.             The period covered by
this Draw Request is                         .

2.             The Improvements have
not been injured or damaged by fire, explosion, accident, flood or other
casualty except:                             .

3.             All Building Loan
Costs and Project Loan Costs for the payment of which Lenders have previously
advanced funds have in fact been paid and all such prior Advances have been
used for the purposes requested therefor except as follows:                  .

4.             The subject Advances
shall be used for the purposes set forth in the Sworn Owner’s Statement
attached hereto.

5.             No Borrower Entity
has any defenses to or offsets against the payment of any amounts due to Agent
and/or any Lender under or in connection with the Loan Documents, or defenses,
claims or counterclaims against the payment and performance of any of their
respective obligations under the Loan Documents.  Borrower is authorized to make this
representation on behalf of all of the other Borrower Entities.

6.             The amount of each
Advance (except if such advance is the final Advance) equals at least Fifty
Thousand and No/100 Dollars ($50,000.00). 
No other Draw Request has been submitted in this calendar month and the
most recent Draw Request was submitted at least fifteen (15) days prior to the
date hereof.  The total of all previous
Advances made under the Building Loan and the Project Loan, together with the
subject Advances, is shown on the attachments hereto.  The total of all previous Advances under the
Building Loan Agreement and under the Project Loan Agreement allocable to the
Maximum Amount—FC, together with that portion of the subject Advance allocable
to the Maximum Amount—FC, does not exceed the Maximum Amount—FC.  The total of all previously requested
Advances under the Building Loan Agreement and under the Project Loan Agreement
allocable to the Maximum Amount—NYTC, together with that portion of the subject
Advance allocable to the Maximum Amount—NYTC, does not exceed the Maximum
Amount—NYTC.  No item of expense
specified in the Sworn Owner’s Affidavit attached hereto has previously been
made the basis of any prior Advance.

7.             The purpose of the
Advances is to pay the Building Loan Costs and Project Loan costs detailed in
the Sworn Owner’s Statement and accompanying invoices attached hereto and made
a part hereof.

 2
 

8.             The costs of any
additional documentation, legal fees or title insurance required by Agent to
evidence the Advances and preserve the priority of the lien of the Building
Loan Mortgage and Project Loan Mortgage and the other Security Documents is a
Reimbursable Cost.

9.             All conditions
precedent to the Advances set forth in Section 4.02 and (if applicable)
4.03 of the Building Loan Agreement and the Project Loan Agreement have been
fulfilled.

10.           The information set
forth herein is true, correct and complete as of the date hereof and will be
true, correct and complete as of the Requested Advance Date.

This letter shall
constitute a Borrower’s instruction to Lenders to pay to Agent [the
Disbursement Agent] the Advances in the total amount indicated on the
attachments in the Sworn Owner’s Statement, and (b) Borrower’s
instructions and authorization to [Agent] [Disbursement Agent] to disburse such
Advances and any applicable Other Funds to pay each of the expenses shown in
the enclosed invoices, unless [(i)] any such amount with respect to
interest, fees or other amounts due and payable to Agent and/or any Lender
which Agent and Lenders are, in accordance with the Building Loan Agreement or
Project Loan Agreement, entitled to subtract from such Advance [or
(ii) Disbursement Agent is otherwise instructed by Agent].  [Disbursement Agent acknowledges, however,
that it shall only disburse such Loan proceeds in accordance with the
Construction Loan Disbursement Agreement.]

[Signature
page follows]

 3

 

	
  

  	
  Borrower:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE NEW YORK TIMES BUILDING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  FC EIGHTH AVE., LLC, member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FC EIGHTH AVE., LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  FC 42 Hotel LLC, its managing member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  FCDT Corp., its managing member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  
										

 

Sworn Owner’s Statement

	
  State of New York

  	
  )

  
	
   

  	
  ) ss:

  
	
  County of New York

  	
  )

  	
  Escrow No.

  

 

The affiant,                       ,
is the               
of FCDT Corp., which is the managing member of FC 42 Hotel LLC, which is the
managing member of FC Eighth Ave., LLC, which is a member of The New York Times
Building LLC.  The New York Times
Building LLC and FC Eighth Ave., LLC are collectively referred to as “Borrower”.   FC
Eighth Ave., LLC is an owner of the premises known as The New York Times
Building, New York, New York.  The
affiant, being duly sworn on oath, deposes and says the following:

1.             That he/she is
authorized to deliver this statement on behalf of Borrower and is thoroughly
familiar with the facts and circumstances concerning the premises described
above;

2.             Since the date of the
last Sworn Owner’s Statement submitted in connection with a Draw Request, the
only services performed, materials supplied, work done or reimbursements
furnished in connection with the mentioned premises for whom Borrower is
requisitioning funds are listed on the attachments hereto;

3.             That the contracts to
which Borrower, or any Affiliate thereof, is a party as to which Borrower is
not requisitioning funds (whether because the third party thereto is not yet
entitled to payment pursuant to the applicable contract, or because there is a
dispute between such third party and Borrower), together with the amount of any
bills, invoices or payment claims submitted by such third party, if applicable
and the reason(s) why payment has not been requisitioned are set forth on the attachments
hereto; and

4.             That, to the affiant’s
knowledge, the facts set forth in this statement and the attachments are true
and complete.

Notwithstanding anything
to the contrary contained in this Sworn Owner’s Statement, the affiant shall
not have any personal liability hereunder. 
Borrower does have liability hereunder to the same extent it has
liability under any other Loan Document.

 

	
  

  	
  Signed:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Subscribed and sworn to before me this    
  day of            ,
  200 .

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Notary Public

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]