Document:

First Amendement to Contract, dated July 14,2004

 Exhibit 10.1 
  
 Reference is made to the Agreement (the “Agreement”) made as of the 14th day of July, 2004 between Tommy Hilfiger 485 Fifth, Inc. (“Seller”) and Park & 5th Property, LLC (“Purchaser”) with respect to the purchase of premises located at 485 Fifth Avenue, New York, New York (the “Premises”).

  
 The following shall serve to amend and supplement the
Agreement: 
  
 1. The numbering of subsections in Section 6
is amended so that the second reference to subsection (b) is deemed to refer to subsection (d) and the second reference to subsection (c) is deemed to refer to subsection (e). 
  
 2. Section 26(l) is deemed amended so as to add the following in the
first line after the word “licenses”,: “(except for the licenses listed per Schedule C-1 attached hereto)”. 
  
 3. The second paragraph of Section 26(m) is amended so as to in the fifth and sixth line thereof delete the words “within thirty (30) days
of the end of the Due Diligence Period” 
  
 Dated: May 10, 2005

  

			
	 TOMMY HILFIGER 485 FIFTH, INC.

		
	By:	 	 /s/ Steven R. Gursky

	 	 	 Steven R. Gursky, Secretary

	
	 PARK & 5TH PROPERTY, LLC

		
	By:	 	 /s/ Hymie Mamiye

	 Name:
	 	 Hymie Mamiye

	 Title:
	 	 ManagerAssignment of Contract, dated July 14, 2004

 Exhibit 10.2 
  
 ASSIGNMENT AND ASSUMPTION OF CONTRACT 
  
 (485 FIFTH AVENUE, NEW YORK, NEW YORK) 
  
 THIS ASSIGNMENT AND ASSUMPTION OF 485 FIFTH AVENUE CONTRACT (“Assignment”) made the 16th day of May, 2005
by and between Park & 5th Property, LLC, having an office c/o Tri-Realty Management, 275 Madison Avenue,
30th Floor, New York, New York 10016, Attention: Jack Forgash (hereinafter referred to as the “Assignor”),
and Park & 5th Owner LLC, having an office c/o Tri-Realty Management, 275 Madison Avenue, 30th Floor, New York, New York 10016, Attention: Jack Forgash (hereinafter referred to as “Assignee”). Assignor and
Assignee are collectively known as the “parties” to this Assignment Agreement. 
  
 R E C I T A L S: 
  
 A. Assignor and Tommy Hilfiger 485 Fifth, Inc. (hereinafter referred to as “Seller”) have entered into that certain Contract dated as of July 14, 2004, as amended by writings dated August 5, 2004
and May 10, 2005 (hereinafter referred to as the “Agreement”) for property located at 485 Fifth Avenue, New York, New York (hereinafter referred to as the “Property”), under terms and conditions defined in the Agreement, and

  
 B. Assignor desires to assign and Assignee
desires to assume all of Assignor’s right, title and interest in the Agreement, as well as Assignor’s liabilities and obligations thereunder, pursuant to this Assignment, 
  
 NOW, THEREFORE, in consideration of the promises made herein, and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, Assignor and Assignee, as of the date hereof (the “Effective Date”), hereby agree as follows: 
  
 1. As of the Effective Date, Assignor assigns all its right, title and interest in the Agreement and/or the Property to Assignee, together
with the Deposit thereunder, and Assignee assumes all of Assignor’s obligations and liabilities regarding the Agreement and/or the Property, except that the Guaranty provided for in the Contract shall remain in effect. Assignee has agreed to
indemnify the Guarantors for any liability under the Guaranty pursuant to the terms of an Agreement executed simultaneously herewith. 
  
 2. Assignee understands that Assignor has made no representations and/or warranties regarding the Agreement and/or the Property and
Assignee has decided to enter into this Assignment after independent investigation regarding both the Agreement and the Property. Assignee agrees to hold Assignor harmless, defend and indemnify Assignor from and against any and all claims,
liabilities, losses, costs, damages and/or expenses associated with the Agreement and/or the Property incurred after the Effective Date. 
  
 3. Notice of this Assignment shall be provided to Seller by Assignor as soon as practicable after the Effective Date. 

 4. This Assignment shall take priority over and supersede any and all other agreements
(if any), oral or written, between Assignor and Assignee regarding the Agreement and/or the Property. 
  
 5. This Assignment shall be legally binding upon and inure to the benefit of the parties hereto, and their respective legal
representatives, successors and/or assigns. 
  
 6. This Assignment was prepared and drafted by Assignor as a matter of convenience only and nothing contained herein shall be construed as being for or against either party on that account. 
  
 7. This Assignment may be executed in multiple counterparts
and by facsimile each of which shall constitute the same Agreement. 
  
 AGREED AND ACCEPTED THIS 16th DAY OF MAY, 2005: 
  

			
	ASSIGNOR:
	
	PARK & 5TH PROPERTY,
LLC
		
	By:	 	Park & 5th Manager, LLC, Managing
Member
		
	By:	 	/s/ Hyman Mamiye
	 	 	Hyman Mamiye, Manager
	
	ASSIGNEE:
	
	PARK & 5TH OWNER
LLC
		
	By:	 	Park & 5th Property, LLC, Sole
Member
		
	By:	 	Park & 5th Manager LLC, Managing
Member
		
	By:	 	/s/ Hymie Mamiye
	Name:	 	Hymie Mamiye
	Title:	 	Manager

  

 - 2 -Supplemntal Letter to Contract,dated July 14, 2004

 Exhibit 10.3 
  
 SUPPLEMENTAL LETTER 
  
 Reference is made to the contract dated as of July 14, 2004 between Tommy Hilfiger 485 Fifth, Inc. and Park & 5th Property LLC, as amended by amendments dated August 5, 2004 and May 10, 2005, which contract was assigned to
Park & 5th Owner LLC (the “Contract”). 
  
 The following will serve to amend and/or supplement the terms of the Contract
as follows: 
  
 1. As soon as practicable, the parties will
calculate and adjust for the cost of all permits, certificates and like items that have not been adjusted for as of the closing. 
  
 2. The Purchaser has acknowledged in the Contract that there may be a commission owed to CB Richard Ellis if 485 Camera & Electronics Inc./On Off
Digital World, Inc. elects to extend its lease and exercise its renewal option in accordance with its lease. Accordingly, Purchaser agrees to pay such commission, if any, in the amount set forth in Exhibit A attached hereto to the extent such
document is applicable to the said lease. 
  
 3. Violations
occurring prior to date of closing (except for the violations hereto as Exhibit B which Purchaser agrees to take subject to and which shall be dealt with as provided in Section 7 hereof) shall remain the obligation of Seller, but in no event
shall such obligation exceed the amount of the limitation set forth in the Contract. 
  
 4. Seller agrees to assume Purchaser’s reasonable cost of requiring Fifth Avenue Generation (“Tenant”) to remedy the violation attached hereto as Exhibit C (the “Violation”) if legal action
becomes reasonably necessary for Purchaser to do so. Payment of any such costs to be reimbursed to Purchaser monthly by Seller upon receipt by Seller of reasonable documentation confirming the cost of same. In no event shall Seller’s
obligations with respect to the cost of requiring Tenant to cause it to remedy the violation exceed $25,000. 
  
 5. Seller and Purchaser hereby agree to substitute the document attached hereto as Exhibit D as the first page of Schedule C to the Contract. 

 
 6. To the extent any document has been dated May 16, 2005, it shall
be deemed to be dated May 17, 2005. 

 7. In order to induce Purchaser to take subject to the violations referred to in the Exhibit B Seller
warrants and represents the following, which warranties and representation shall survive the closing: 
  
 The Seller shall, at its sole cost and expense, continue to process the removal of said violations and take all commercially reasonable action necessary
to do so. 
  
 Dated: May 17, 2005

     New York, New York 
  

			
	 TOMMY HlLFIGER 485 FIFTH, INC.

		
	By:	 	 /s/ Steven R. Gursky

	 	 	 Steven R. Gursky, Secretary

	
	 PARK & 5TH OWNER LLC

		
	By:	 	 /s/ Hymie Mamiye

	 Name:
	 	 Hymie Mamiye

	 Title:
	 	 ManagerSecond Amendment to Contract, dated July 14,2004

 Exhibit 10.4 
  
 Reference is made to the Agreement (the “Agreement”) made as of the
         day of July, 2004 between Tommy Hilfiger 485 Fifth, Inc. (“Seller”) and Park & 5th Property, LLC (“Purchaser”) with respect to the purchase of premises located at 485 Fifth Avenue, New York, New York (the “Premises”). 
  
 The following shall serve to amend and supplement the Agreement: 

 
 1. The Agreement shall be deemed dated the 14th day of July, 2004. 
  
 2. Pursuant to Section 5(c) of the Agreement, Purchaser is to designate within ten (10) days of the end of the Due Diligence Period which service
contracts that it has not elected to have Seller terminate prior to closing. Certain of the service contracts have not yet been delivered to Purchaser and it may be that Seller may enter into other service contracts between the date hereof and the
date of closing. Accordingly, it is agreed that Purchaser will have ten (10) days after receipt of any such service contract to make its election to have Seller terminate the same. 
  
 3. The attached shall be deemed added to the agreement as Exhibit 7. 
  
 4. Seller agrees to process all applications as may be reasonably required in
order to implement the obtaining of a C of O for the Premises, and to fully cooperate with the Purchaser in connection therewith. The costs for third party consultants, expediters and the like retained by Purchaser shall be Purchaser’s.

  
 5. Seller reaffirms its obligations as set forth in the
Agreement to remove violations and has been made aware of the attached violations which it shall take all appropriate action at its expense to remove. 
  
 6. Seller will promptly take action to complete all reports and filings required by Local Law 10 and 11, and to obtain “signoffs” or such
approvals as may be required to be in compliance with applicable law, and to register the boilers at the premises in accordance with all requirements of applicable laws, rules and regulations. 
  
 7. Purchaser shall receive a credit of $250,000.00 against the Purchase Price
due to certain matters relating to the condition of the Premises. 
  
 8. Seller will use reasonable efforts to effect a transfer to Purchaser of the roof and elevator warranties. 
  
 9. Seller will correct electrical panels and switches as per attached report. 
  

									
	 Dated: August 5, 2004
	 	 	 	TOMMY HILFIGER 485 FIFTH, INC.
					
	 	 	 	 	 	 	By:	 	 /s/ Steven R. Gursky

	 	 	 	 	 	 	 	 	 Steven R. Gursky, Secretary

			
	 Dated: August 5, 2004
	 	 	 	PARK & 5TH PROPERTY, LLC
					
	 	 	 	 	 	 	By:	 	 /s/ Hymie Mamiye

	 	 	 	 	 	 	 Name:
	 	 Hymie Mamiye

	 	 	 	 	 	 	 Title:
	 	 Manager

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