Document:

Exhibit 10.1

 

 

 

 

Senior
Secured Superpriority 

Debtor-In-Possession Credit Agreement

 

by and
among

 

Cantor
Fitzgerald Securities,

 

as Agent,

 

THE LENDERS
THAT ARE PARTY HERETO

 

as the
Lenders, 

 

and

 

PERNIX
THERAPEUTICS HOLDINGS, INC.,

 

a Debtor
and a Debtor-in-Possession,

 

as Borrower

 

Dated
as of February 22, 2019

 

 

 

 

 

 

    

    

    

Table of
Contents

 

Page

 

	1.             DEFINITIONS
    AND CONSTRUCTION	1
	1.1   Definitions	1
	1.2   Accounting
    Terms	1
	1.3   Code	2
	1.4   Construction	2
	1.5   Time
    References	3
	1.6   Schedules
    and Exhibits	3
	2.             LOANS
    AND TERMS OF PAYMENT	3
	2.1   Loans.	3
	2.2   [Reserved]	3
	2.3   Borrowing
    Procedures and Settlements	3
	2.4   Payments;
    Reductions of Commitments; Prepayments	5
	2.5   Promise
    to Pay; Promissory Notes	9
	2.6   Interest
    Rates and Fees:  Rates, Payments, and Calculations	10
	2.7   Crediting
    Payments	11
	2.8   Designated
    Account	11
	2.9   Maintenance
    of Loan Account; Statements of Obligations	11
	2.10   [Reserved]	11
	2.11   [Reserved]	11
	2.13   Capital
    Requirements	13
	2.14   Priority
    and Liens Applicable to the Company	15
	2.15   Payment
    of Obligations	15
	2.16   No
    Discharge; Survival of Claims	15
	2.17   Incremental
    Loans	16
	3.            CONDITIONS;
    TERM OF AGREEMENT	17
	3.1   Conditions
    Precedent to the Closing Date Loans	17
	3.2   Conditions
    Precedent to each Delayed Draw Loan	17
	3.3   Conditions
    Precedent to all Extensions of Credit	17
	3.4   Conditions
    Precedent to each Incremental Loan	17
	3.5   Maturity	18
	3.6   Effect
    of Maturity	18
	3.7   Conditions
    Subsequent	18
	3.8   Early
    Termination by Borrower	18

 

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Table
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(continued)

 

Page

 

	4.            REPRESENTATIONS
    AND WARRANTIES	18
	4.1   Due
    Organization and Qualification; Subsidiaries	19
	4.2   Due
    Authorization; No Conflict	19
	4.3   Governmental
    Consents	20
	4.4   Binding
    Obligations; Perfected Liens	20
	4.5   Title
    to Assets; No Encumbrances; Intellectual Property	20
	4.6   Litigation	21
	4.7   Compliance
    with Laws	21
	4.8   No
    Material Adverse Effect	21
	4.9   [Reserved]	21
	4.10   Employee
    Benefits	21
	4.11   Environmental
    Condition	21
	4.12   Complete
    Disclosure	22
	4.13   Patriot
    Act	22
	4.14   Indebtedness	22
	4.15   Payment
    of Taxes	23
	4.16   Margin
    Stock	23
	4.17   Governmental
    Regulation	23
	4.18   OFAC	23
	4.19   Employee
    and Labor Matters	23
	4.20   Borrower
    as a Holding Company	24
	4.21   Leases	24
	4.22   Pernix
    Manufacturing, LLC	24
	4.23   Pernix
    Ireland Pain	24
	4.24   Certain
    Intercompany Obligations	24
	4.25   [Reserved]	25
	4.26   Health
    Care and Regulatory Matters.	25
	4.27   FDA
    Regulatory Compliance.	26
	4.28   Material
    Contracts	27
	4.29   Insurance	27
	4.30   DIP
    Orders	27
	5.            AFFIRMATIVE
    COVENANTS	28

 

 

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Table
of Contents

(continued)

 

Page

 

	5.1   Financial
    Statements, Reports, Certificates	28
	5.2   IP
    Security Agreements	28
	5.3   Existence	28
	5.4   Maintenance
    of Properties	28
	5.5   Taxes	29
	5.6   Insurance	29
	5.7   Inspection	29
	5.8   Compliance
    with Laws	30
	5.9   Environmental	30
	5.10   Intellectual
    Property	30
	5.11   Formation
    or Acquisition of Subsidiaries	31
	5.12   Further
    Assurances	31
	5.13   Zohydro
    Assets	32
	5.14   Lender
    Meetings	32
	5.15   Material
    Contracts	32
	5.16   Compliance
    with Health Care Laws.	33
	5.17   Use
    of Proceeds	34
	5.18   Post-Closing
    Obligations	34
	5.19   [Reserved]	34
	5.20   Final
    DIP Order	34
	5.21   Proceedings	34
	5.22   Certain
    Bankruptcy Matters.	34
	5.23   Assumption
    and Rejection of Contracts and Leases	35
	5.24   Obligations
    Regarding Sale Process	35
	6.            NEGATIVE
    COVENANTS.	35
	6.1   Indebtedness
    and Contingent Obligations	35
	6.2   Liens	35
	6.3   Restrictions
    on Fundamental Changes and Sale and Leaseback Transactions	35
	6.4   Disposal
    of Assets	36
	6.5   Nature
    of Business	36
	6.6   Prepayments
    and Amendments	36
	6.7   Restricted
    Payments	37

 

 

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Table
of Contents

(continued)

 

Page

 

	6.8   Accounting
    Methods	37
	6.9   Investments	37
	6.10   Transactions
    with Affiliates	37
	6.11   Use
    of Proceeds	38
	6.12   Limitation
    on Issuance of Equity Interests	38
	6.13   Negative
    Pledge	38
	6.14   Borrower
    and IP Subsidiaries	38
	6.15   Burdensome
    Agreements	39
	6.16   Agent’s
    Exercise of Rights and Remedies.	40
	6.17   Additional
    Bankruptcy Matters	40
	7.            PRODUCT-RELATED
    CONTRACTS	40
	8.            EVENTS
    OF DEFAULT	41
	8.1   Payments	41
	8.2   Covenants	41
	8.3   Judgments	41
	8.4   Voluntary
    Bankruptcy, etc.	42
	8.5   Involuntary
    Bankruptcy, etc.	42
	8.6   Default
    Under Other Agreements	42
	8.7   Representations,
    etc.	42
	8.8   Guaranty	42
	8.9   Security
    Documents	42
	8.10   Loan
    Documents	43
	8.11   Change
    in Control	43
	8.12   Section
    364 Financing	43
	8.13   Other
    Superpriority Claims and Liens	43
	8.14   Dismissal
    or Conversion of Cases	43
	8.15   Automatic
    Stay	43
	8.16   Modification
    to DIP Orders, Etc.	44
	8.17   Prepetition
    Payments	44
	8.18   Compliance
    with Orders	44
	8.19   Sale
    of Assets; Etc.	44
	8.20   Reorganization
    Plan	44

 

 

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Table
of Contents

(continued)

 

Page

 

	8.21   Dissolution
    of Borrower or any Subsidiary	44
	8.22   Case
    Administration Procedures	44
	8.23   Actions
    Contrary to the Agreement	45
	8.24   Challenges.	45
	8.25   Grant
    of Adequate Protection	45
	8.26   Adequate
    Protection	45
	8.27   Change
    of Venue	45
	8.28   Sale
    Agreement	45
	9.            RIGHTS
    AND REMEDIES	45
	9.1   Rights
    and Remedies	45
	9.2   Remedies
    Cumulative	46
	10.         
    WAIVERS;     INDEMNIFICATION	46
	10.1   Demand;
    Protest; etc.	46
	10.2   The
    Lender Group’s Liability for Collateral	46
	10.3   Indemnification	46
	11.           NOTICES	47
	12.           CHOICE
    OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION	48
	13.           ASSIGNMENTS
    AND PARTICIPATIONS; SUCCESSORS	50
	13.1   Assignments
    and Participations	50
	13.2   Successors	53
	14.          AMENDMENTS;
    WAIVERS	53
	14.1   Amendments
    and Waivers	53
	14.2   Replacement
    of Certain Lenders	54
	14.3   No
    Waivers; Cumulative Remedies	55
	15.          AGENT;
    THE LENDER GROUP	55
	15.1   Appointment
    and Authorization of Agent	55
	15.2   Delegation
    of Duties	56
	15.3   Liability
    of Agent	56
	15.4   Reliance
    by Agent	57
	15.5   Notice
    of Default or Event of Default	57
	15.6   Credit
    Decision	57
	15.7   Costs
    and Expenses; Indemnification	58

 

 

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Table
of Contents

(continued)

 

Page

 

	15.8   Agent
    in Individual Capacity	58
	15.9   Successor
    Agent	59
	15.10   Lender
    in Individual Capacity	59
	15.11   Collateral
    Matters.	59
	15.12   Restrictions
    on Actions by Lenders; Sharing of Payments	61
	15.13   Agency
    for Perfection	61
	15.14   Payments
    by Agent to the Lenders	61
	15.15   Concerning
    the Collateral and Related Loan Documents	62
	15.16   Confidentiality;
    Disclaimers by Lenders; Other Reports and Information	62
	15.17   Several
    Obligations; No Liability	62
	16.   WITHHOLDING
    TAXES	62
	16.1   Payments	62
	16.2   Exemptions	63
	16.3   Reductions	63
	16.4   Refunds	64
	17.   GENERAL
    PROVISIONS	64
	17.1   Effectiveness	64
	17.2   Section
    Headings	64
	17.3   Interpretation	64
	17.4   Severability
    of Provisions	64
	17.5   [Reserved]	64
	17.6   Debtor-Creditor
    Relationship	65
	17.7   Counterparts;
    Electronic Execution	65
	17.8   Revival
    and Reinstatement of Obligations; Certain Waivers	65
	17.9   Confidentiality	65
	17.10   Survival	67
	17.11   Patriot
    Act	67
	17.12   Integration	67

 

 

 

 

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EXHIBITS
AND SCHEDULES

 

	Exhibit A-1	Form
    of Assignment and Acceptance
	Exhibit
    B-1	Form
    of Notice of Borrowing
	Exhibit I-1	Form
    of Intercompany Subordination Agreement
	Exhibit
    I-2	Form
    of Interim DIP Order
	Exhibit
    L-1	Form
    of LIBOR Notice
	Exhibit
    N-1	Form
    of Note
	Exhibit
    P-1	Form
    of Perfection Certificate
	 	 
	Schedule
    A-1	Agent’s
    Account
	Schedule
    A-2	Approved
    Budget
	Schedule
    A-3	Authorized
    Persons
	Schedule
    C-1	Commitments
	Schedule
    D-1	Designated
    Account
	Schedule
    G-1	Generics
    Assets
	Schedule
    P-1	Permitted
    Investments
	Schedule
    P-2	Permitted
    Liens
	Schedule
    1.1	Definitions
	Schedule
    3.1	Conditions
    Precedent to Closing Date Loan
	Schedule
    3.2	Conditions
    Precedent to Each Delayed Draw Loan
	Schedule
    4.1(c)	Capitalization
    of Subsidiaries
	Schedule
    4.1(d)	Subscriptions,
    Options, Warrants, Calls
	Schedule
    4.5	Intellectual
    Property
	Schedule
    4.6(b)	Litigation
	Schedule
    4.11	Environmental
    Matters
	Schedule
    4.14	Permitted
    Indebtedness
	Schedule
    4.15	Tax
    Related Proceedings
	Schedule
    4.26	Regulatory
    Disclosure
	Schedule
    4.29	Insurance
	Schedule
    5.1	Financial
    Statements, Reports, Certificates
	Schedule
    5.18	Post-Closing
    Obligations
	Schedule
    5.22	Milestones

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Senior
Secured Superpriority Debtor-In-Possession Credit Agreement

 

THIS
Senior Secured Superpriority Debtor-In-Possession Credit Agreement (this “Agreement”),
is entered into as of February 22, 2019, by and among the lenders identified on the signature pages hereof (each of such lenders,
together with its successors and permitted assigns, is referred to hereinafter as a “Lender”, as that term
is hereinafter further defined), Cantor Fitzgerald Securities, as administrative
agent for each member of the Lender Group (in such capacity, together with its successors and assigns in such capacity, “Agent”)
and Pernix THERAPEUTICS HOLDINGS, INC., a Maryland corporation and a Debtor and
a Debtor-in-Possession (the “Borrower”).

 

WHEREAS,
capitalized terms used in the preamble hereto and in these Recitals shall have the respective meanings set forth for such terms
in Schedule 1.1;

 

WHEREAS,
the Borrower intends to file a voluntary petition with the Bankruptcy Court initiating its case under Chapter 11 of the Bankruptcy
Code on February 18, 2019 (the “Petition Date”) and continue in the
possession of its assets and in the management of its businesses pursuant to Sections 1107 and 1108 of the Bankruptcy Code;

 

WHEREAS,
the Borrower has requested that the Lenders provide a senior secured, priming superpriority debtor-in-possession multi-draw term
loan facility and the Lenders are willing to do so on the terms and conditions set forth herein; and

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency
and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.             DEFINITIONS
AND CONSTRUCTION.

 

1.1              
Definitions. Capitalized terms used in this Agreement shall have the meanings specified therefor on Schedule
1.1.

 

1.2              
Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with
GAAP; provided, that (i) if Borrower notifies Agent that Borrower requests an amendment to any provision hereof to eliminate
the effect of any Accounting Change occurring after the Closing Date or in the application thereof on the operation of such provision
(or if Agent notifies Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless
of whether any such notice is given before or after such Accounting Change or in the application thereof, then Agent and Borrower
agree that they will negotiate in good faith amendments to the provisions of this Agreement that are directly affected by such
Accounting Change with the intent of having the respective positions of the Lenders and Borrower after such Accounting Change
conform as nearly as possible to their respective positions as of the date of this Agreement and, until any such amendments have
been agreed upon and agreed to by the Required Lenders, the provisions in this Agreement shall be calculated as if no such Accounting
Change had occurred. When used herein, the term “financial statements” shall include the notes and schedules thereto,
and (ii) to the extent expressly required pursuant to the provisions of this Agreement, certain calculations shall be made on
a pro forma basis. Whenever the term “Borrower” is used in respect of a financial covenant or a related definition,
it shall be understood to mean Borrower and its Subsidiaries on a consolidated basis, unless the context clearly requires otherwise.
Notwithstanding anything to the contrary contained herein, (a) all financial statements delivered hereunder shall be prepared,
and all financial covenants contained herein shall be calculated, without giving effect to any election under the Financial Accounting
Codification Section 825-10 (or any similar accounting principle) permitting a Person to value its financial liabilities or

 

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Indebtedness
at the fair value thereof, and (b) the term “unqualified opinion” as used herein to refer to opinions or reports provided
by accountants shall mean an opinion or report that is (i) unqualified, and (ii) does not include any explanation, supplemental
comment, or other comment concerning the ability of the applicable Person to continue as a going concern or concerning the scope
of the audit.

 

1.3              
Code. Any terms used in this Agreement that are defined in the Code shall be construed and defined as set
forth in the Code unless otherwise defined herein; provided, that to the extent that the Code is used to define any term
herein and such term is defined differently in different Articles of the Code, the definition of such term contained in Article
9 of the Code shall govern.

 

1.4              
Construction. Unless the context of this Agreement or any other Loan Document clearly requires otherwise,
references to the plural include the singular, references to the singular include the plural, the terms “includes”
and “including” are not limiting, and the term “or” has, except where the context otherwise requires,
the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,”
“hereunder,” and similar terms in this Agreement or any other Loan Document refer to this Agreement or such other
Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Loan Document,
as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise
specified. Any reference in this Agreement or in any other Loan Document to any agreement, instrument, or document shall include
all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements,
thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications,
renewals, replacements, substitutions, joinders, and supplements set forth herein). The words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties.
Any reference herein or in any other Loan Document to the satisfaction, repayment, or payment in full of the Obligations shall
mean (a) the indefeasible payment or repayment in full in cash of (i) the principal amount of, and interest accrued and unpaid
with respect to, all outstanding Loans, together with the payment of any premium applicable to the repayment of the Loans, (ii)
all Lender Group Expenses that have accrued and are unpaid regardless of whether demand has been made therefor and (iii) all fees
or charges that have accrued hereunder or under any other Loan Document and are unpaid, (b) the receipt by Agent of cash collateral
in order to secure any other contingent Obligations for which a claim or demand for payment has been made on or prior to such
time or in respect of matters or circumstances known to Agent or a Lender at such time that are reasonably expected to result
in any loss, cost, damage, or expense (including attorneys’ fees and legal expenses), such cash collateral to be in such
amount as Agent reasonably determines is appropriate to secure such contingent Obligations, (c) the payment or repayment in full
in cash of all other outstanding Obligations other than unasserted contingent indemnification Obligations and (d) the termination
of all of the Commitments of the Lenders. Any reference herein to any Person shall be construed to include such Person’s
successors and permitted assigns. Any requirement of a writing contained herein or in any other Loan Document shall be satisfied
by the transmission of a Record. Any reference to any law shall include all statutory and regulatory provisions consolidating,
amending, replacing or interpreting such law and any reference to any law, rule or regulation shall, unless otherwise specified,
refer to such law, rule or regulation as amended, modified or supplemented from time to time. Any references in this Agreement
to “Articles” and/or “Sections” which make reference to any particular piece of legislation or statute,
including without limitation, Bankruptcy Code, ERISA, IRC and/or the Code shall for greater certainty mean the equivalent section
in the applicable piece of legislation to the extent that the context implies reference to such other similar or equivalent legislation
as is in effect from time to time in any other applicable jurisdiction, as applicable. Furthermore, where any such reference is
meant to apply to such other similar or equivalent legislation where such other similar or equivalent legislation has parallel
or like concepts, then such references shall import such parallel or like concepts from such other similar or equivalent legislation,
as applicable.

 

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1.5              
Time References. Unless the context of this Agreement or any other Loan Document clearly requires otherwise,
all references to time of day refer to Eastern standard time or Eastern daylight saving time, as in effect in New York, New York
on such day. For purposes of the computation of a period of time from a specified date to a later specified date, the word “from”
means “from and including” and the words “to” and “until” each means “to and including”;
provided that, with respect to a computation of fees or interest payable to Agent or any Lender, such period shall in any
event consist of at least one full day.

 

1.6              
Schedules and Exhibits. All of the schedules and exhibits attached to this Agreement shall be deemed incorporated
herein by reference.

 

2.             LOANS AND TERMS OF PAYMENT.

 

2.1              
Loans.

 

(a)               
Subject to the terms and conditions and relying upon the representations and warranties set forth herein and in the other
Loan Documents, each Lender agrees, severally and not jointly, to make to the Borrower on the Closing Date (i) a loan in an aggregate
amount not to exceed such Lender’s Closing Date ABL Refinancing Commitment (the “Closing Date ABL Refinancing Loan”)
and (ii) a loan in an aggregate amount not to exceed such Lender’s Closing Date General Purpose Commitment (the “Closing
Date General Purpose Loan” and together with the Closing Date ABL Refinancing Loan, the “Closing Date Loans”).

 

(b)               
Subject to the terms and conditions and relying upon the representations and warranties set forth herein and in the other
Loan Documents, each Lender agrees, severally and not jointly, to make loans to the Borrower from time to time after the Closing
Date on any Business Day during the Availability Period (each such Loan, a “Delayed Draw Loan”), in each case,
in an aggregate amount not to exceed such Lender’s Delayed Draw Commitment.

 

(c)               
Amounts repaid or repaid in respect of Loans may not be reborrowed. Each Loan shall be made as part of a Borrowing consisting
of Loans made by the Lenders ratably in accordance with their applicable Commitments; provided that the failure of any
Lender to make any Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood,
however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such
other Lender).

 

(d)               
The outstanding principal amount of the Loans, together with interest accrued and unpaid thereon, shall be due and payable
on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement.

 

2.2              
[Reserved].

 

2.3              
Borrowing Procedures and Settlements.

 

(a)               
Procedure for Borrowings. Each Borrowing shall be made by a written request in the form attached hereto as Exhibit
B-1 (a “Notice of Borrowing”) by an Authorized Person delivered to Agent and received by Agent no later
than 11:00 a.m. on the Business Day that is four (4) Business Days prior to the requested Funding Date with respect to any Loan,
specifying, in each case, (A) the amount of such Borrowing, (B) the type of such Borrowing and (C) the requested Funding Date
(which shall be a Business Day); provided, that (i) a Notice of Borrowing in respect of any Borrowing to be made on the
Closing Date may be delivered no later than 6:00 p.m. on the Business Day prior to the Closing Date (or such later time as may
be reasonably agreed by the Required Lenders), (ii) Agent 

 

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may,
at the direction of the Required Lenders in their sole discretion, elect to accept as timely requests that are received later
than 11:00 a.m. on the applicable Business Day and (iii) no Notice of Borrowing shall be delivered to any Lender during the hours
of 9:00 a.m. through 4:00 p.m., New York City time, on any Business Day. At Agent’s election, in lieu of delivering the
above-described written request, any Authorized Person may give Agent telephonic notice of such request by the required time.
In such circumstances, Borrower agrees that any such telephonic notice will be confirmed in writing within one (1) Business Day
of the giving of such telephonic notice, but the failure to provide such written confirmation shall not affect the validity of
the request. The Borrowing of any LIBOR Rate Loan shall be subject to the provisions of Section 2.12.

 

(b)               
Funding of Borrowings. After receipt of a request for a Borrowing pursuant to Section ‎2.3(a), Agent shall promptly
notify the Lenders by telecopy, telephone, email, or other electronic form of transmission, of the requested Borrowing; provided
that no Notice of Borrowing shall be delivered to any Lender during the hours of 9:00 a.m. through 4:00 p.m., New York City time,
on any Business Day. Each Lender shall make each Loan to be made by it hereunder on the proposed Funding Date thereof by wire
transfer of immediately available funds by 2:00 p.m. on the Business Day that is the requested Funding Date to the Designated
Account or other applicable account in accordance with Section ‎3 or otherwise in accordance with such other funding arrangements
as mutually agreed among the relevant parties; provided, that no Lender shall have an obligation to make any Loan if (i)
one or more of the applicable conditions precedent set forth in Section ‎3 has not been or will not be satisfied on the requested
Funding Date for the applicable Borrowing unless such condition has been waived in accordance with the applicable provisions of
Section ‎3 or (ii) the requested Borrowing would exceed the undrawn amount of such Lender’s Commitments on such Funding
Date or the amount authorized to be borrowed hereunder pursuant to the applicable DIP Order. The Agent will make such Loans available
to the Borrower by promptly crediting the amounts so received, in like funds, to the Designated Account or other applicable account
in accordance with Section ‎3 or otherwise in accordance with such other funding arrangements as mutually agreed among the
relevant parties. Nothing herein shall be deemed to obligate any Lender to obtain the funds for its Loan in any particular place
or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for its Loan in any particular
place or manner.

 

(c)               
[reserved].

 

(d)               
[reserved].

 

(e)               
[reserved].

 

(f)                
Notation. Agent, as a non-fiduciary agent for Borrower, shall maintain a register showing the principal amount of
the Loans, owing to each Lender, and the interests therein of each Lender, from time to time and such register shall, absent manifest
error, conclusively be presumed to be correct and accurate.

 

(g)               
Defaulting Lenders.

 

(i)                
Notwithstanding the provisions of Section 2.4(b)(iii), Agent shall not be obligated to transfer to a Defaulting
Lender any payments made by Borrower to Agent for the Defaulting Lender’s benefit or any proceeds of Collateral that would
otherwise be remitted hereunder to the Defaulting Lender, and, in the absence of such transfer to the Defaulting Lender, Agent
shall transfer any such payments (A) first, to each Non-Defaulting Lender ratably in accordance with their Pro Rata Share (but,
in each case, only to the extent that such Defaulting Lender’s portion of a Loan (or other funding obligation) was funded
by such other Non-Defaulting Lender), (B) to a suspense account maintained by Agent, the proceeds of which shall be retained by
Agent and may be made available to be advanced to or 

 

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for
the benefit of Borrower as such Defaulting Lender’s Pro Rata Share of any Delayed Draw Loan required to be made pursuant
to Section ‎2.1 from any remaining Commitments (upon the request of Borrower and subject to the conditions set forth in Sections
‎3.2 and ‎3.3) as if such Defaulting Lender had made its portion of Loans (or other funding obligations) hereunder,
and (C) from and after the date on which the Commitments are cancelled or terminated and all other Obligations have been paid
in full, to such Defaulting Lender in accordance with tier (H) of Section 2.4(b)(iii). Subject to the foregoing, Agent
may hold and, in its permitted discretion, re-lend to Borrower for the account of such Defaulting Lender the amount of all such
payments received and retained by Agent for the account of such Defaulting Lender. Solely for the purposes of voting or consenting
to matters with respect to the Loan Documents (including the calculation of Pro Rata Share in connection therewith), such Defaulting
Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero; provided,
that the foregoing shall not apply to any of the matters governed by Section ‎14.1(a)(i) through ‎(iii).
The provisions of this Section ‎2.3(g) shall remain effective with respect to such Defaulting Lender until the earlier
of (x) the date on which all of the Non-Defaulting Lenders, Agent and Borrower shall have waived, in writing, the application
of this Section ‎2.3(g) to such Defaulting Lender, or (y) the date on which such Defaulting Lender makes payment of
all amounts that it was obligated to fund hereunder, pays to Agent all amounts owing by Defaulting Lender in respect of the amounts
that it was obligated to fund hereunder, and, if requested by Agent, provides adequate assurance to Agent of its ability to perform
its future obligations hereunder. The operation of this Section ‎2.3(g) shall not be construed to increase or otherwise
affect the Commitment of any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its
duties and obligations hereunder, or to relieve or excuse the performance by Borrower of its duties and obligations hereunder
to Agent or to the Lenders other than such Defaulting Lender. Any failure by a Defaulting Lender to fund amounts that it was obligated
to fund hereunder shall constitute a material breach by such Defaulting Lender of this Agreement and shall entitle Borrower, at
its option, upon written notice to Agent, to arrange for a substitute Lender to assume the Commitment of such Defaulting Lender,
such substitute Lender to be reasonably acceptable to Agent. In connection with the arrangement of such a substitute Lender, the
Defaulting Lender shall have no right to refuse to be replaced hereunder, and agrees to execute and deliver a completed form of
Assignment and Acceptance in favor of the substitute Lender (and agrees that it shall be deemed to have executed and delivered
such document if it fails to do so) subject only to being paid its share of the outstanding Obligations, including all interest,
fees, and other amounts that may be due and payable in respect thereof); provided, that any such assumption of the Commitment
of such Defaulting Lender shall not be deemed to constitute a waiver of any of the Lender Groups’ or Borrower’s rights
or remedies against any such Defaulting Lender arising out of or in relation to such failure to fund. In the event of a direct
conflict between the priority provisions of this Section ‎2.3(g) and any other provision contained in this Agreement
or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to
the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot
be resolved as aforesaid, the terms and provisions of this Section ‎2.3(g) shall control and govern.

 

(h)               
Independent Obligations. All Loans shall be made by the Lenders contemporaneously and in accordance with their Pro
Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation
to make any Loan hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any
other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall
excuse any other Lender from its obligations hereunder.

 

2.4              
Payments; Reductions of Commitments; Prepayments.

 

(a)               
Payments by Borrower.

 

    5

    

    

(i)                
Except as otherwise expressly provided herein, all payments made or remitted by Borrower under this Agreement or the other
Loan Documents shall be made to Agent’s Account for the account of the Lender Group and shall be made in immediately available
funds, no later than 2:00 p.m. on the date specified herein. Any payment received by Agent later than 2:00 p.m. shall be deemed
to have been received (unless Agent, at the direction of the Required Lenders in their sole discretion, elects to credit it on
the date received) on the following Business Day and any applicable interest or fee shall continue to accrue until such following
Business Day. Without limiting the generality of the foregoing, Agent may require that any payments due under this Agreement be
made in the United States.

 

(ii)              
Unless Agent receives notice from Borrower prior to the date on which any payment is due to the Lenders that Borrower will
not make such payment in full as and when required, Agent may assume that Borrower has made (or will make) such payment in full
to Agent on such date in immediately available funds and Agent may (but shall not be so required), in reliance upon such assumption,
distribute to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent Borrower does
not make such payment in full to Agent on the date when due, each Lender severally shall repay to Agent on demand such amount
distributed to such Lender, together with interest thereon at the Defaulting Lender Rate for each day from the date such amount
is distributed to such Lender until the date repaid; provided that such interest shall be an obligation of the Borrower and shall
be payable by the Borrower upon demand.

 

(b)               
Apportionment and Application.

 

(i)                
So long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to
Defaulting Lenders, all principal and interest payments received by Agent shall be apportioned ratably among the Lenders (according
to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) and all payments of fees
and expenses received by Agent (other than fees or expenses that are for Agent’s separate account) shall be apportioned
ratably among the Lenders having a Pro Rata Share of the type of Commitment or Obligation to which a particular fee or expense
relates.

 

(ii)              
Subject to Section 2.4(b)(v) and Section ‎2.4(d), all payments to be made hereunder by Borrower shall
be remitted to Agent and all such payments, and all proceeds of Collateral received by Agent, shall be applied, so long as no
Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, to
reduce the balance of the Loans outstanding and, thereafter, to Borrower (to be wired to the Designated Account) or such other
Person entitled thereto under applicable law.

 

(iii)            
At any time that an Application Event has occurred and is continuing and except as otherwise provided herein with respect
to Defaulting Lenders, all payments remitted to Agent and all proceeds of Collateral received by Agent shall be applied as follows:

 

A.                
first, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to Agent
from the Loan Parties under the Loan Documents, until paid in full,

 

B.                
second, to pay any fees or premiums then due to Agent from the Loan Parties under the Loan Documents until paid
in full,

 

C.                
third, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then
due to any of the Lenders from the Loan Parties under the Loan Documents, until paid in full,

 

    6

    

    

D.                
fourth, ratably, to pay any fees or premiums then due to any of the Lenders under the Loan Documents until paid
in full,

 

E.                 
fifth, ratably, to pay interest accrued in respect of the Loans until paid in full,

 

F.                 
sixth, ratably, to pay the principal of all Loans until paid in full,

 

G.                
seventh, to pay any other Obligations other than Obligations owed to Defaulting Lenders,

 

H.                
eighth, ratably to pay any Obligations owed to Defaulting Lenders; and

 

I.                   
ninth, to Borrower (to be wired to the Designated Account) or such other Person entitled thereto under applicable
law.

 

(iv)             
Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each Lender
in writing, such funds as it may be entitled to receive.

 

(v)               
In each instance, so long as no Application Event has occurred and is continuing, Section ‎2.4(b)(ii) shall
not apply to any payment made by Borrower to Agent and specified by Borrower to be for the payment of specific Obligations then
due and payable (or prepayable) under any provision of this Agreement or any other Loan Document.

 

(vi)             
For purposes of Section ‎2.4(b), “paid in full” of a type of Obligation means payment in cash or
immediately available funds of all amounts owing on account of such type of Obligation, including interest accrued after the commencement
of any Insolvency Proceeding, default interest, interest on interest, and expense reimbursements, irrespective of whether any
of the foregoing would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding.

 

(vii)           
In the event of a direct conflict between the priority provisions of this Section ‎2.4 and any other provision
contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read
together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable
conflict that cannot be resolved as aforesaid, if the conflict relates to the provisions of Section ‎2.3(g) and this
Section ‎2.4, then the provisions of Section ‎2.3(g) shall control and govern, and if otherwise, then the
terms and provisions of this Section ‎2.4 shall control and govern.

 

(c)               
Termination of Commitments.

 

(i)                
Scheduled Termination of Commitments. Upon the making of the Closing Date Loans on the Closing Date, the Closing
Date Commitments shall terminate in full and be reduced to $0 on the Closing Date. Upon the making of each Delayed Draw Loan,
Delayed Draw Commitments in an amount equal to the principal amount of such Delayed Draw Loans shall terminate on the date of
such Borrowing. Unless previously terminated in full, all unused Commitments shall terminate on the last Business Day of the Availability
Period. Any Incremental Commitment shall terminate as set forth in the applicable Incremental Agreement. 

 

(ii)              
Optional Termination and Reduction of Commitments.  The Borrower 

 

    7

    

    

may
at any time terminate, or from time to time reduce, the Commitments; provided that each reduction of the Commitments shall
be in an amount that is an integral multiple of $1,000,000.

 

The
Borrower shall notify the Agent in writing of any election to terminate or reduce the Commitments under Section ‎2.4(c)(ii)
at least three (3) Business Day prior to the effective date of such termination or reduction, specifying such election and
the effective date thereof. Promptly following receipt of any notice, the Agent shall advise the Lenders of the contents thereof.
Each notice delivered by the Borrower pursuant to this Section ‎2.4(c)(ii) shall be irrevocable; provided
that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon other
transactions, in which case such notice may be revoked by the Borrower (by written notice to the Agent on or prior to the specified
effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent and may
not be reinstated. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with each Lender’s
Pro Rata Share; provided that if any Lender is a Defaulting Lender at such time as the Borrower elects to terminate or
reduce the Commitments hereunder, the Borrower may (in its discretion) apply all or any portion of the Commitments to be reduced,
to the Commitment of any one or more Defaulting Lenders specified by the Borrower before applying any remaining reduction ratably
to all other Lenders.

 

(d)               
Prepayments.

 

(i)                
Optional Prepayments. Borrower shall have the right at any time and from time to time to prepay any Borrowing in
whole or in part, without premium or penalty, subject to prior notice in accordance with Section ‎2.4(d)(i)(A).

 

(A)       Notice
and Terms of Optional Prepayment. Borrower shall notify the Agent by delivery of a notice of prepayment executed by an Authorized
Person of any prepayment hereunder not later than 11:00 a.m., at least three (3) Business Days prior to the date of prepayment.
Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or portion
thereof to be prepaid; provided that a notice of prepayment delivered by Borrower may state that such notice is conditioned
upon other transactions, in which case such notice may be revoked by the Borrower (by written notice to the Agent on or prior
to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to
a Borrowing, the Agent shall advise the applicable Lenders of the contents thereof. Each prepayment of a Borrowing shall be applied
ratably to the Loans. Prepayments shall be accompanied by accrued interest to the extent required by Section ‎2.6(d).
Each prepayment hereunder shall be in an amount that is an integral multiple of $1,000,000 (or such lesser amount or integral
to repay all outstanding Loans).

 

(ii)              
Mandatory Prepayments. 

 

(A)
       In the event (x) Borrower and its Subsidiaries receive any Net Cash Proceeds in any
fiscal year from Non-Exclusive Licenses made pursuant to clause (d) of the definition of “Permitted Dispositions”
under this Agreement and (y) if, at any time, the accumulated Excess Proceeds equal or exceed $50,000, then a prepayment of 100%
of the aggregate Net Cash Proceeds (to the extent constituting Excess Proceeds) shall be required to be applied in accordance
with clause (D) below.

 

(B)       In
the event that Borrower and its Subsidiaries receive any Net Cash Proceeds in excess of $25,000 (including all or a portion of
any cash deposits or proceeds from any escrow agreement or other security of credit enhancements provided by or on behalf of a
purchaser or the purchasers under any Sale Agreement that the Borrower and its Subsidiaries receive (and have the right to retain
pursuant to the terms of any Sale Agreement, as applicable)

 

    8

    

    

from
sales or dispositions of Collateral pursuant to clause (q) of the definition of “Permitted Dispositions” under this
Agreement or any other sale, transfer or disposition outside of the Ordinary Course of Business (other than any Non-Exclusive
License), 100% of such Net Cash Proceeds shall be required to be applied in accordance with clause (D) below.

 

(C) If
the aggregate amount required to be paid on any date pursuant to clause (A) or (B) above is less than $50,000, the Borrower may
defer any payments required pursuant to such clause until the first date on which the aggregate Net Cash Proceeds required to
be applied pursuant to such clause equals or exceeds $50,000 (at which time all theretofore unapplied amounts pursuant to such
clause shall be required to be applied).

 

(D) 
Any prepayment required pursuant to clauses (A) through (B) above shall be applied to obligations under this Agreement in
the following manner:  all prepayment amounts shall first, be offered to prepay the accrued and unpaid interest with
respect to the Loans hereunder, second, be offered to prepay the outstanding principal amount of the Loans hereunder (with
the balance, if any, to reduce permanently any unused Commitments hereunder) in accordance with the provisions of this clause
(D), third, be applied as required pursuant to the DIP Orders and fourth, be made available to the Borrower for
general corporate purposes in accordance with the Approved Budget.  The offer to prepay under clauses first and second
shall be made as follows:  within three (3) Business Days after the occurrence of any prepayment event described in clauses
(A) and (B) above, the Borrower shall make an offer to apply all applicable prepayment amounts to prepay the accrued and unpaid
interest and outstanding principal amount of the Loans hereunder (with the balance, if any, to reduce permanently any unused Commitments
hereunder) on the date that is three (3) Business Days after the offer date (a “Prepayment Date”); provided
that any prepayment as a result of the closing under any Sale Agreement shall be applied substantially concurrently with such
closing. Any Lender may elect not to accept its pro rata portion of any such prepayment amount  pursuant to clause second
above (the “Declined Amount”) by delivering a written notice thereof to the Agent at least one Business
Day prior to the applicable Prepayment Date, which Declined Amount shall then be applied in accordance with clauses third
and fourth above.

 

2.5           Promise
to Pay; Promissory Notes.

 

(a)                     
Borrower agrees to pay the Lender Group Expenses on the earlier of (i) the first day of the month following the date on
which the applicable Lender Group Expenses were first incurred or (ii) the date on which demand therefor is made by Agent (it
being acknowledged and agreed that any charging of such costs, expenses or Lender Group Expenses to the Loan Account pursuant
to the provisions of Section ‎2.6(d) shall be deemed to constitute a demand for payment thereof for the purposes of
this subclause (ii)). Borrower promises to pay all of the Obligations (including principal, interest, premiums, if any, fees,
costs, and expenses (including Lender Group Expenses)) in full on the Maturity Date or, if earlier, on the date on which the Obligations
become due and payable pursuant to the terms of this Agreement. Borrower agrees that its obligations contained in the first sentence
of this Section ‎2.5(a) shall survive payment or satisfaction in full of all other Obligations.

 

(b)                     
Any Lender may request that any portion of its Commitments or the Loans made by it be evidenced by one or more promissory
notes (each a “Note”), in substantially the form attached hereto as Exhibit N-1. In such event, Borrower
shall execute and deliver to such Lender the requested Note payable to the order of such Lender in a form furnished by Agent and
reasonably satisfactory to Borrower. Thereafter, the portion of the Commitments and Loans evidenced by such Note and interest
thereon shall at all times be represented by one or more Notes in such form payable to the order of the payee named therein.

 

    9

    

    

2.6              
Interest Rates and Fees: Rates, Payments, and Calculations.

 

(a)               
Interest Rates. Except as provided in Section ‎2.6(c), the Obligations shall bear interest (from the
date of incurrence through but excluding the date of repayment or prepayment (whether by acceleration or otherwise)) as follows:

 

(i)                
if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus 6.00%, and

 

(ii)              
otherwise, at a per annum rate equal to the Base Rate plus 5.00% per annum.

 

(b)               
Fees. With respect to each New Money General Purpose Loan, the Borrower shall pay to Agent, for the account of each
Lender holding a New Money General Purpose Loan, a fee in an amount equal to 1.00% per annum on such Lender’s New Money
General Purpose Loan, which fee with respect to any New Money General Purpose Loan shall be fully earned on the Funding Date of
such New Money General Purpose Loan, and which shall be due and payable on the earlier of (i) the Maturity Date and (ii) the termination
of the Commitments and payment or other discharge of the outstanding principal amount of all Loans.

 

(c)               
Default Rate. Automatically upon the occurrence and during the continuation of an Event of Default (unless waived
by the Required Lenders), all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest
at a per annum rate equal to two (2) percentage points above the per annum rate otherwise applicable thereunder.

 

(d)               
[Reserved].

 

(e)               
Computation. All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 365/366
day year, for the actual number of days elapsed in the period during which the interest or fees accrue.

 

(f)                
Intent to Limit Charges to Maximum Lawful Rate. In no event shall the interest rate or rates payable under this
Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court
of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering
this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided,
that, anything contained herein to the contrary notwithstanding, if such rate or rates of interest or manner of payment exceeds
the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be
liable only for the payment of such maximum amount as is allowed by law, and payment received from Borrower in excess of such
legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

 

(g)               
Payment. All interest and all other fees payable hereunder or under any of the other Loan Documents shall be due
and payable in cash, in arrears, on the Interest Payment Date (or, if earlier, the Maturity Date) and, with respect to accrued
and unpaid interest on any Loan being prepaid or repaid, the date of such prepayment or repayment, and (ii) all costs and expenses
payable hereunder or under any of the other Loan Documents, and all Lender Group Expenses shall be due and payable on the earlier
of (x) the first day of the month following the date on which the applicable costs, expenses, or Lender Group Expenses were first
incurred or (y) the date on which demand therefor is made by Agent (it being acknowledged and agreed that any charging of such
costs, expenses or Lender Group Expenses to the Loan Account pursuant to the provisions of the following sentence shall be deemed
to 

 

    10

    

    

constitute
a demand for payment thereof for the purposes of this subclause (y)). Borrower hereby authorize Agent, from time to time without
prior notice to Borrower, to charge to the Loan Account (A) as and when due and payable, all fees payable hereunder or under any
of the other Loan Documents, (B) as and when incurred or accrued, all Lender Group Expenses, and (C) as and when due and payable
all other payment obligations payable under any Loan Document. All amounts (including interest, fees, costs, expenses, Lender
Group Expenses, or other amounts payable hereunder or under any other Loan Document) shall constitute Obligations hereunder, and
shall initially accrue interest at the rate then applicable to Loans.

 

2.7              
Crediting Payments. The receipt of any payment item by Agent shall not be required to be considered a payment
on account unless such payment item is a wire transfer of immediately available federal funds made to Agent’s Account or
unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented
for payment, then Borrower shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything
to the contrary contained herein notwithstanding, any payment item shall be deemed received by Agent only if it is received into
Agent’s Account in Dollars on a Business Day on or before 2:00 p.m. If any payment item is received into Agent’s Account
on a non-Business Day or after 2:00 p.m. on a Business Day (unless Agent, at the direction of the Required Lenders in their sole
discretion, elects to credit it on the date received), it shall be deemed to have been received by Agent as of the opening of
business on the immediately following Business Day.

 

2.8              
Designated Account. Agent and any other member of the Lender Group is authorized to make the Loans under
this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without
instructions, if pursuant to Section ‎2.6(d). Borrower agrees to establish and maintain the Designated Account with
the Designated Account Bank for the purpose of receiving the proceeds of the Loans requested by Borrower and made by Agent or
the Lenders hereunder. Unless otherwise agreed by Agent and Borrower, any Loan requested by Borrower and made by Agent or the
Lenders hereunder shall be made to the Designated Account.

 

2.9              
Maintenance of Loan Account; Statements of Obligations. Agent shall maintain an account on its books in the
name of Borrower (the “Loan Account”) on which Borrower will be charged with all Loans made by Agent or the
Lenders to Borrower or for Borrower’s account and with all other payment Obligations hereunder or under the other Loan Documents,
including, accrued interest, fees and expenses, and Lender Group Expenses. In accordance with Section ‎2.7, the Loan
Account will be credited with all payments received by Agent from Borrower or for Borrower’s account. Agent shall make available
to Borrower monthly statements regarding the Loan Account, including the principal amount of the Loans, interest accrued hereunder,
fees accrued or charged hereunder or under the other Loan Documents, and a summary itemization of all charges and expenses constituting
Lender Group Expenses accrued hereunder or under the other Loan Documents, and each such statement, absent manifest error, shall
be conclusively presumed to be correct and accurate and constitute an account stated between Borrower and the Lender Group unless,
within 30 days after Agent first makes such a statement available to Borrower, Borrower shall deliver to Agent written objection
thereto describing the error or errors contained in such statement.

 

2.10           
[Reserved].

 

2.11           
[Reserved].

 

2.12           
LIBOR Option.

 

(a)               
Interest. In lieu of having interest charged at the rate based upon the Base Rate, Borrower shall have the option,
subject to Section 2.12(b) below (the “LIBOR Option”) to have

 

    11

    

    

interest
on all or a portion of the Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion
from a Base Rate Loan to a LIBOR Rate Loan, or upon continuation of a LIBOR Rate Loan as a LIBOR Rate Loan) at a rate of interest
based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period
applicable thereto; provided, that, subject to the following clause (ii), in the case of any Interest Period greater than
one month in duration, interest shall be payable at one-month intervals after the commencement of the applicable Interest Period
and on the last day of such Interest Period, and (ii) the Maturity Date. On the last day of each applicable Interest Period, unless
Borrower has properly exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically
shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event
of Default has occurred and is continuing, Borrower no longer shall have the option to request that Loans bear interest at a rate
based upon the LIBOR Rate.

 

(b)               
LIBOR Election.

 

(i)           
Borrower may, at any time and from time to time, so long as no Event of Default has occurred and is continuing, elect to
exercise the LIBOR Option by notifying Agent prior to 11:00 a.m. at least three Business Days prior to the commencement of the
proposed Interest Period (or, if the LIBOR Option is exercised in respect of the Closing Date Loans, prior to 6:00 p.m. on the
Business Day prior to the Closing Date (or such later time as may be reasonably agreed by the Required Lenders)) (the “LIBOR
Deadline”). Notice of Borrower’s election of the LIBOR Option for a permitted portion of the Loans and an Interest
Period pursuant to this Section shall be made by delivery to Agent of a LIBOR Notice (or, if the LIBOR Option is exercised in
respect of the Closing Date Loans, a Notice of Borrowing) received by Agent before the LIBOR Deadline, or by telephonic notice
received by Agent before the LIBOR Deadline (to be confirmed by delivery to Agent of a LIBOR Notice received by Agent prior to
5:00 p.m. on the same day). Promptly upon its receipt of each such LIBOR Notice, Agent shall provide a copy thereof to each of
the affected Lenders.

 

(ii)         
Each LIBOR Notice shall be irrevocable and binding on Borrower. In connection with each LIBOR Rate Loan, Borrower shall
indemnify, defend, and hold Agent and the Lenders harmless against any loss, cost, or expense actually incurred by Agent or any
Lender as a result of (A) the payment of any principal of any LIBOR Rate Loan other than on the last day of an Interest Period
applicable thereto (including as a result of an Event of Default), (B) the conversion of any LIBOR Rate Loan other than on the
last day of the Interest Period applicable thereto, or (C) the failure to borrow, convert, continue or prepay any LIBOR Rate Loan
on the date specified in any LIBOR Notice delivered pursuant hereto (such losses, costs, or expenses, “Funding Losses”).
A certificate of Agent or a Lender delivered to Borrower setting forth in reasonable detail any amount or amounts that Agent or
such Lender is entitled to receive pursuant to this Section 2.12 shall be conclusive absent manifest error. Borrower
shall pay such amount to Agent or the Lender, as applicable, within 30 days of the date of its receipt of such certificate. If
a payment of a LIBOR Rate Loan on a day other than the last day of the applicable Interest Period would result in a Funding Loss,
Agent may, in its sole discretion at the request of Borrower, hold the amount of such payment as cash collateral in support of
the Obligations until the last day of such Interest Period and apply such amounts to the payment of the applicable LIBOR Rate
Loan on such last day, it being agreed that Agent has no obligation to so defer the application of payments to any LIBOR Rate
Loan and that, in the event that Agent does not defer such application, Borrower shall be obligated to pay any resulting Funding
Losses.

 

(iii)       
Borrower may only exercise the LIBOR Option for proposed LIBOR Rate Loans of at least $1,000,000.

 

(c)               
Conversion. Borrower may convert LIBOR Rate Loans to Base Rate Loans at

 

    12

    

    

any
time; provided, that in the event that LIBOR Rate Loans are converted or prepaid on any date that is not the last day of
the Interest Period applicable thereto, including as a result of any prepayment through the required application by Agent of any
payments or proceeds of Collateral in accordance with Section 2.4(b) or for any other reason, including early termination
of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, Borrower
shall indemnify, defend, and hold Agent and the Lenders and their Participants harmless against any and all Funding Losses in
accordance with Section 2.12 (b)(ii).

 

(d)               
Special Provisions Applicable to LIBOR Rate.

 

(i)           
The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional
or increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to
changes in applicable law occurring subsequent to the commencement of the then applicable Interest Period, including any Changes
in Law (including any changes in tax laws (except changes (a) with respect to any Taxes governed by Section 16 of this Agreement
and (b) with respect to any Excluded Taxes) and changes in the reserve requirements imposed by the Board of Governors, which additional
or increased costs would increase the cost of funding or maintaining loans bearing interest at the LIBOR Rate; provided
that Borrower shall not be required to compensate a Lender pursuant to this Section for any additional or increased costs arising
more than 180 days prior to the date that such Lender notifies Borrower of the circumstances giving rise to such additional or
increased costs and of such Lender’s intention to claim compensation therefor; provided further that if such claim
arises by reason of circumstances that is retroactive or if the effects of such circumstances were not reasonably known to such
Lender during such 180-day period referred to above, then the 180-day period referred to above shall be extended to include the
period of retroactive effect thereof or the date such effects of such circumstances became known or would have reasonably been
known to such Lender, as applicable. In any such event, the affected Lender shall give Borrower and Agent notice of such a determination
and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the
affected Lender, Borrower may, by notice to such affected Lender (A) require such Lender to furnish to Borrower a statement setting
forth in reasonable detail the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment,
or (B) repay the LIBOR Rate Loans of such Lender with respect to which such adjustment is made (together with any amounts due
under Section 2.12(b)(ii)).

 

(ii)         
In the event that any change in market conditions or any Change in Law shall at any time after the date hereof, in the
reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain LIBOR Rate Loans or to continue
such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate, (x) such Lender shall give notice of
such changed circumstances to Agent and Borrower and Agent promptly shall transmit the notice to each other Lender, (y) in the
case of any LIBOR Rate Loans of such Lender that are outstanding, the date specified in such Lender’s notice shall be deemed
to be the last day of the Interest Period of such LIBOR Rate Loans, and interest upon the LIBOR Rate Loans of such Lender thereafter
shall accrue interest at the rate then applicable to Base Rate Loans, and (z) Borrower shall not be entitled to elect the LIBOR
Option until such Lender determines that it would no longer be unlawful or impractical to do so.

 

(e)               
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Agent, nor
any Lender, nor any of their Participants, is required actually to acquire eurodollar deposits to fund or otherwise match fund
any Obligation as to which interest accrues at the LIBOR Rate.

 

2.13           
Capital Requirements.

 

    13

    

    

(a)               
If, after the date hereof, any Lender determines that (i) any Change in Law regarding capital or reserve requirements for
banks or bank holding companies, or (ii) compliance by such Lender, or its parent bank holding companies, with any guideline,
request or directive of any Governmental Authority regarding capital adequacy (whether or not having the force of law), has the
effect of reducing the return on such Lender’s, or such holding companies’ capital as a consequence of such Lender’s
commitments hereunder to a level below that which such Lender, or such holding companies could have achieved but for such Change
in Law or compliance (taking into consideration such Lender’s, or such holding companies’ then existing policies with
respect to capital adequacy and assuming the full utilization of such entity’s capital) by any amount deemed by such Lender
to be material, then such Lender may notify Borrower and Agent thereof. Following receipt of such notice, Borrower agrees to pay
such Lender on demand the amount of such reduction of return of capital as and when such reduction is determined, payable within
30 days after presentation by such Lender of a statement in the amount and setting forth in reasonable detail such Lender’s
calculation thereof and the assumptions upon which such calculation was based (which statement shall be deemed true and correct
absent manifest error). In determining such amount, such Lender may use any reasonable averaging and attribution methods. Failure
or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s
right to demand such compensation; provided that Borrower shall not be required to compensate a Lender pursuant to this
Section for any reductions in return incurred more than 180 days prior to the date that such Lender notifies Borrower of such
Change in Law giving rise to such reductions and of such Lender’s intention to claim compensation therefor; provided
further that if such claim arises by reason of the Change in Law that is retroactive or if the effects of such Change in Law
were not reasonably known to such Lender during such 180-day period referred to above, then the 180-day period referred to above
shall be extended to include the period of retroactive effect thereof or the date such effects of such Change in Law became known
or would have reasonably been known to such Lender, as applicable. Borrower shall not be required to pay any amount to any Person
under this Section ‎2.13(a) in respect of any Taxes governed by Section ‎16 of this Agreement or any Excluded
Taxes.

 

(b)               
If any Lender requests additional or increased costs referred to in Section 2.12(d)(i) or amounts under Section
‎2.13(a) or sends a notice under Section 2.12(a)(ii) (such Lender, an “Affected Lender”), then
such Affected Lender shall use reasonable efforts to promptly designate a different one of its lending offices or to assign its
rights and obligations hereunder to another of its offices or branches, if (i) in the reasonable judgment of such Affected Lender,
such designation or assignment would eliminate or reduce amounts payable pursuant to Section 2.12(d)(i) or Section ‎2.13(a),
as applicable, or would eliminate the illegality or impracticability of funding or maintaining LIBOR Rate Loans and (ii) in the
reasonable judgment of such Affected Lender, such designation or assignment would not subject it to any material unreimbursed
cost or expense and would not otherwise be materially disadvantageous to it. Borrower agrees to pay all reasonable out-of-pocket
costs and expenses incurred by such Affected Lender in connection with any such designation or assignment. If, after such reasonable
efforts, such Affected Lender does not so designate a different one of its lending offices or assign its rights to another of
its offices or branches so as to eliminate Borrower’s obligation to pay any future amounts to such Affected Lender pursuant
to Section 2.12(d)(i) or Section ‎2.13(a), as applicable, or to enable Borrower to obtain LIBOR Rate Loans,
then Borrower (without prejudice to any amounts then due to such Affected Lender under Section 2.12(d)(i) or Section
‎2.13(a), as applicable) may, unless prior to the effective date of any such assignment the Affected Lender withdraws
its request for such additional amounts under Section 2.12(d)(i) or Section ‎2.13(a), as applicable, or indicates
that it is no longer unlawful or impractical to fund or maintain LIBOR Rate Loans, substitute a Lender reasonably acceptable to
Agent to purchase the Obligations owed to such Affected Lender and such Affected Lender’s Commitments hereunder (a “Replacement
Lender”), and if such Replacement Lender agrees to such purchase, such Affected Lender shall assign to the Replacement
Lender its Obligations and Commitments, and upon such purchase by the Replacement 

 

    14

    

    

Lender,
which such Replacement Lender shall be deemed to be a “Lender” for purposes of this Agreement and such Affected Lender
shall cease to be a “Lender” for purposes of this Agreement.

 

(c)               
Notwithstanding anything herein to the contrary, the protection of Sections 2.12(d) and ‎2.13 shall be
available to each Lender (as applicable) regardless of any possible contention of the invalidity or inapplicability of the law,
rule, regulation, judicial ruling, judgment, guideline, treaty or other change or condition which shall have occurred or been
imposed, so long as it shall be customary for lenders affected thereby to comply therewith. Notwithstanding any other provision
herein, no Lender shall demand compensation pursuant to this Section ‎2.13 if it shall not at the time be the general
policy or practice of such Lender (as the case may be) to demand such compensation in similar circumstances under comparable provisions
of other credit agreements, if any.

 

2.14           
Priority and Liens Applicable to the Company. The Borrower hereby covenants, represents and warrants that,
upon the execution of this Agreement and upon the entry of the Interim DIP Order (and when applicable, the Final DIP Order), subject
in each case, to the Carve Out:

 

(a)               
the Obligations of the Loan Parties, pursuant to Section 364(c)(1) of the Bankruptcy Code, shall be entitled to Superpriority
Claim status in the Cases, subject only to the Carve Out to the extent provided in the applicable DIP Order, and any payments
or proceeds on account of such Superpriority Claim shall be distributed in accordance with Section 2.4(b)(iii); 

 

(b)               
the Obligations of the Loan Parties, pursuant to Section 364(c)(2) of the Bankruptcy Code, shall be secured by a perfected
first priority Lien on all Collateral that is not subject to valid, perfected, enforceable and non-avoidable liens as of the Petition
Date; 

 

(c)               
the Obligations of the Loan Parties, pursuant to section 364(d)(1) of the Bankruptcy Code, shall at all times be secured
by a valid, binding, continuing, enforceable, fully-perfected first priority senior priming security interest in and Lien upon
all pre- and post-petition property of the Loan Parties, whether now existing or hereafter acquired, of the same nature, scope
and type as the Prepetition Collateral. Such security interests and Liens shall be senior in all respects to the interests in
such property of the Prepetition Revolving Secured Parties and Nalpropion (collectively, the “Primed Liens”),
in each case arising from their respective current and future Liens; and

 

(d)               
the Obligations of the Loan Parties, pursuant to Section 364(c)(3) of the Bankruptcy Code, shall be secured by a valid,
binding, continuing, enforceable, fully-perfected Lien on all Collateral that is subject to any Permitted Prior Lien, which Lien
securing the Obligations shall be junior only to Permitted Prior Liens on such Collateral.

 

2.15           
Payment of Obligations. Subject to the provisions of Section 9.1, upon the maturity (whether by acceleration
or otherwise) of any of the Obligations of the Loan Parties under this Agreement or any of the other Loan Documents, the Agent
and the Lenders shall be entitled to immediate payment of such Obligations without further application to or order of the Bankruptcy
Court.

 

2.16           
No Discharge; Survival of Claims. Each Loan Party agrees that to the extent that the Obligations hereunder
have not been satisfied in full (a) its Obligations arising hereunder shall not be discharged by the entry of any order of the
Bankruptcy Court confirming a Reorganization Plan (and the Borrower, pursuant to Section 1141(d)(4) of the Bankruptcy Code, hereby
waives any such discharge) and (b) the Superpriority Claim granted to the Agent and the Lenders pursuant to the DIP Orders and
described in Section 2.14(a) and the Liens granted to the Agent pursuant to the DIP Orders and described in Section
2.14(b) through (d) shall not be affected in any manner by the entry of any order of the Bankruptcy Court confirming
a Reorganization Plan, other than the discharge and release of such Liens and upon full satisfaction as provided for herein.

 

    15

    

    

2.17           
Incremental Loans.

 

(a)               
At any time during the period from and after the Closing Date through but excluding the final day of the Availability Period,
the Borrower may (but subject to the conditions set forth in clauses ‎(b) and (c) below), increase the principal amount of
the Delayed Draw Commitments by an amount in the aggregate for all such increases in term loan commitments not to exceed $5,000,000
(each such increase, an “Incremental Facility” and the loans and commitments thereunder, “Incremental
Loans” and “Incremental Commitments”). Incremental Facilities may be provided by any Lender (it being
understood that no Lender shall be obligated to increase its Commitments or participate in any Incremental Facility) or, solely
to the extent consented to by the Initial Lenders (or, if no Initial Lenders are party to this Agreement at such time, the Required
Lenders) in their sole discretion, any prospective lender who is reasonably satisfactory to Agent and Borrower. 

 

(b)               
Each of the following shall be conditions precedent to any Incremental Facility:

 

(i)                
Borrower has obtained the commitment of one or more Lenders (or, solely to the extent consented to by the Initial Lenders
(or, if no Initial Lenders are party to this Agreement at such time, the Required Lenders) in their sole discretion, other prospective
lenders) reasonably satisfactory to Agent and Borrower to provide the applicable Incremental Facility and any such Lenders (or
prospective lenders) shall have executed and delivered to the Agent and the Borrower such documentation as may be reasonably required
by the Agent to evidence and effectuate such Incremental Facility (an “Incremental Agreement” and the date
of the effectiveness of such Incremental Agreement the “Incremental Date”), in form and substance satisfactory
to the Initial Lenders (or, if no Initial Lenders are party to this Agreement at such time, the Required Lenders), to which such
Lenders (or prospective lenders), Borrower, and Agent are party, and

 

(ii)              
each of the conditions precedent set forth in Section ‎3.4 and any other conditions mutually agreed to in the
Incremental Agreement are satisfied.

 

On
the Incremental Date of such Incremental Agreement, each Lender party thereto and not previously a party to this Agreement shall
become a Lender for all purposes in connection with this Agreement. Any Incremental Agreement may, with the consent of Agent,
Borrower and the Lenders or prospective lenders agreeing to the proposed Incremental Facility, effect such amendments to this
Agreement and the other Loan Documents as may be necessary or appropriate to effectuate the provisions of this Section ‎2.17.

 

(c)               
The terms and provisions of the Loans made pursuant to any Incremental Facility shall be identical to the Delayed Draw
Loans, except as otherwise mutually agreed in the Incremental Agreement. 

 

(d)                     
Unless otherwise specifically provided herein, all references in this Agreement and any other Loan Document to Loans shall
be deemed, unless the context otherwise requires, to include Loans made pursuant to any Incremental Facility pursuant to this
Section ‎2.17.

 

The
Incremental Loans established pursuant to this Section ‎2.17 shall constitute Loans under, and shall be entitled to
all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit
equally and ratably from any guarantees and the security interests created by the Loan Documents. Borrower shall take any actions
reasonably required by Agent to ensure and demonstrate that the Liens and security interests granted by the Loan Documents continue
to be perfected under the Code or otherwise after giving effect to the establishment of any such Incremental Facility.

 

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3.                  
CONDITIONS; TERM OF AGREEMENT.

 

3.1              
Conditions Precedent to the Closing Date Loans. The effectiveness of this Agreement and the obligation of
each Lender to make the Closing Date Loans provided for hereunder is subject to the fulfillment, to the satisfaction of each Lender,
of each of the conditions precedent set forth on Schedule 3.1 (the making of such Closing Date Loans by a Lender being
conclusively deemed to be its satisfaction or waiver of the conditions precedent unless the Agent has received written notice
from such Lender prior to the Closing Date specifying its objection thereto), as well as the conditions set forth in Section ‎3.3.

 

3.2              
Conditions Precedent to each Delayed Draw Loan. The obligation of each Lender to make each Delayed Draw Loan
provided for hereunder is subject to the fulfillment, to the satisfaction of the Required Lenders, of each of the conditions precedent
set forth on Schedule 3.2 (the making of such Delayed Draw Loan by a Lender being conclusively deemed to be its satisfaction
or waiver of the conditions precedent unless the Agent received written notice from such Lender prior to the applicable Funding
Date specifying its objection thereto), as well as the conditions set forth in Section ‎3.3.

 

3.3              
Conditions Precedent to all Extensions of Credit. The obligation of the Lender Group (or any member thereof)
to make any Loan hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions
precedent:

 

(a)               
the representations and warranties of Borrower or its Subsidiaries contained in this Agreement or in the other Loan Documents
shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations
and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date of such Loan,
as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier
date, in which case such representations and warranties shall be true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality
in the text thereof) as of such earlier date);

 

(b)               
no Default or Event of Default shall have occurred and be continuing on the date of such extension of credit, nor shall
either result from the making thereof;

 

(c)               
in the case of any Loan to be made on or following the date of entry of the Final DIP Order, all “second day orders”
approving on a final basis any “first day” orders intended to be entered before the entry of the Final DIP Order,
including a final cash management order and any order establishing procedures for the administration of the Cases and/or approval
of significant transactions, including, without limitation, asset sale procedures, regardless of when filed or entered, shall
have been entered by the Bankruptcy Court and shall be reasonably satisfactory in form and substance to the Agent; and

 

(d)               
the amount of such Loan, together with all other applicable Loans then outstanding, shall not exceed the amount authorized
by the Interim DIP Order or the Final DIP Order, as applicable.

 

3.4              
Conditions Precedent to each Incremental Loan. The obligation of a Lender to make any Incremental Loan provided
for hereunder is subject to the fulfillment, to the satisfaction of, or waiver by, such Lender, of each of the conditions precedent
set forth on Schedule 3.2 and any other conditions mutually agreed to in the Incremental Agreement (the making of such
Incremental Loan by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent unless the
Agent received written notice from such Lender prior to the applicable Funding Date specifying its objection thereto), as well
as the conditions set forth in Section ‎3.3.

 

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3.5              
Maturity. Subject to Section ‎9.1, this Agreement shall continue in full force and effect for a term
ending on the Maturity Date.

 

3.6              
Effect of Maturity. On the Maturity Date, all commitments of the Lender Group to provide additional credit
hereunder shall automatically be terminated and all of the Obligations immediately shall become due and payable without notice
or demand and Borrower shall be required to repay all of the Obligations in full. No termination of the obligations of the Lender
Group (other than payment in full of the Obligations and termination of the Commitments) shall relieve or discharge any Loan Party
of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the Collateral
shall continue to secure the Obligations and shall remain in effect until all Obligations have been paid in full and the Commitments
have been terminated. When all of the Obligations have been paid in full and the Lender Group’s Commitments have been terminated
irrevocably, Agent will, at Borrower’s sole expense, execute and deliver any termination statements, lien releases, discharges
of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably
necessary to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by Agent.

 

3.7              
Conditions Subsequent. The obligation of the Lender Group (or any member thereof) to continue to make Loans
(or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such longer
date as the Required Lenders may agree), of the conditions subsequent described in Section 5.18 (the failure by Borrower
to so perform or cause to be performed such conditions subsequent as and when required by the terms thereof (after giving effect
to any extensions agreed to by the Required Lenders), shall constitute an Event of Default).

 

3.8              
Early Termination by Borrower. Borrower has the option, at any time upon ten (10) Business Days prior written
notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations
in full. The foregoing notwithstanding, (a) Borrower may, by written notice to Agent, rescind termination notices relative to
proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or
incurrence does not happen on or before the date of the proposed termination and the termination notice was stated to be conditional
upon such closing (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and
(b) Borrower may extend the date of termination at any time with the consent of the Required Lenders if the termination notice
was stated to be conditional upon the occurrence of a specified event, which event has not yet occurred (which consent shall not
be unreasonably withheld or delayed to the extent not exceeding an aggregate period of an additional five Business Days).

 

4.                  
REPRESENTATIONS AND WARRANTIES.

 

In
order to induce the Lender Group to enter into this Agreement, Borrower makes the following representations and warranties to
the Lender Group which shall be true, correct, and complete, in all material respects (except that such materiality qualifier
shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text
thereof), as of the Closing Date, and shall be true, correct, and complete, in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality
in the text thereof), as of the date of the making of each Loan made thereafter, as though made on and as of the date of such
Loan (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations
and warranties shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable
to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier
date) and such representations and warranties shall survive the execution and delivery of

 

    18

    

    

this
Agreement:

 

4.1              
Due Organization and Qualification; Subsidiaries.

 

(a)               
Each of the Loan Parties and their Subsidiaries (i) is duly organized or incorporated, as applicable, and existing and
(to the extent such concept is applicable in such jurisdiction) in good standing under the laws of the jurisdiction of its organization,
(ii) is qualified to do business in any jurisdiction where the failure to be so qualified could reasonably be expected to result
in a Material Adverse Effect, and (iii) has all requisite power and authority to own and operate its properties, to carry on its
business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to carry
out the transactions contemplated thereby.

 

(b)               
None of the Loan Parties or their Subsidiaries is subject to any obligation (contingent or otherwise) to repurchase or
otherwise acquire or retire any shares of its or any of its Subsidiaries’ Equity Interests or any security convertible into
or exchangeable for any of its or any of its Subsidiaries’ Equity Interests.

 

(c)               
Set forth on Schedule 4.1(c) (as such Schedule may be updated from time to time to reflect changes resulting from
transactions permitted under this Agreement), is a complete and accurate list of each Loan Party’s direct and indirect Subsidiaries,
showing: (i) the number of shares of each class of common and preferred Equity Interests authorized for each of such Subsidiaries,
(ii) the number and the percentage of the outstanding shares of each such class owned directly or indirectly by Borrower and (iii)
identification of whether such Subsidiary is a Guarantor. All of the outstanding Equity Interests of each such Subsidiary has
been validly issued and is fully paid and non-assessable.

 

(d)               
Except as set forth on Schedule 4.1(d), there are no subscriptions, options, warrants, or calls relating to any
shares of Borrower’s or any of its Subsidiaries’ Equity Interests, including any right of conversion or exchange under
any outstanding security or other instrument.

 

4.2              
Due Authorization; No Conflict.

 

(a)               
Subject to entry of the Interim DIP Order (or the Final DIP Order, when applicable), as to each Loan Party, the execution,
delivery, and performance by such Loan Party of the Loan Documents to which it is a party have been duly authorized by all necessary
action on the part of such Loan Party.

 

(b)               
Subject to entry of the Interim DIP Order (or the Final DIP Order, when applicable), as to each Loan Party, the execution,
delivery, and performance by such Loan Party of the Loan Documents to which it is a party do not and will not (i) violate any
material provision of Requirements of Law applicable to any Loan Party or its Subsidiaries, the Governing Documents of any Loan
Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on any Loan
Party or its Subsidiaries, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or
both) a default under (A) the Stalking Horse Sale Agreement or (B) any Material Contract, except to the extent for purposes of
this clause (B), any such conflict, breach or default could not individually or in the aggregate reasonably be expected to have
a Material Adverse Effect, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon
any assets of any Loan Party, other than Permitted Collateral Liens, (iv) require any approval of any holder of Equity Interests
of a Loan Party or any approval or consent of any Person under any Material Contract of any Loan Party or any Subsidiary, other
than consents or approvals that have been obtained and that are still in force and effect and except, in the case of any Material
Contract (other than the debt documents referred to in subclause (ii)(A) above), for consents or approvals, the failure to obtain
could not individually or in the aggregate reasonably be expected to cause a Material 

 

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Adverse
Effect or (v) or materially adversely affect any Health Care Permit.

 

4.3              
Governmental Consents. Subject to entry of the Interim DIP Order (or the Final DIP Order, when applicable),
the execution, delivery, and performance by each Loan Party of the Loan Documents to which such Loan Party is a party and the
consummation of the transactions contemplated by the Loan Documents do not and will not require any registration with, consent,
or approval of, or notice to, or other action with or by, any Governmental Authority, other than registrations, consents, approvals,
notices, or other actions that have been obtained and that are still in force and effect and except for filings and recordings
with respect to the Collateral not yet required to be made pursuant to the terms of this Agreement or the other Loan Documents,
or otherwise delivered to Agent for filing or recordation, as of the Closing Date.

 

4.4              
Binding Obligations; Perfected Liens.

 

(a)               
Subject to entry of the Interim DIP Order (or the Final DIP Order, when applicable), each Loan Document has been duly executed
and delivered by each Loan Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable
against such Loan Party in accordance with its respective terms and the DIP Orders, except as enforcement may be limited by equitable
principles or by bankruptcy, insolvency, examinership, reorganization, moratorium, or similar laws relating to or limiting creditors’
rights generally.

 

(b)               
Subject to entry of the Interim DIP Order (or the Final DIP Order, when applicable), Agent’s Liens are validly created,
perfected and first priority Liens, or will be perfected, with the priority required by this Agreement, within any applicable
timeframes as set forth in the Loan Documents (except, in the case of perfection of any Lien, to the extent none of the Loan Parties
are required to take any further steps or actions pursuant to any Loan Document to perfect such Lien), subject only to Permitted
Collateral Liens.

 

4.5              
Title to Assets; No Encumbrances; Intellectual Property. Each of the Loan Parties and its Subsidiaries has
(a) good, sufficient and legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in
the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all other
personal property), all of their respective assets reflected in their most recent financial statements delivered to the Initial
Lenders prior to the Closing Date or delivered pursuant to Section ‎5.1, as applicable, in each case except for assets
disposed of since the date of such financial statements to the extent permitted hereby. All of such assets are free and clear
of Liens except for Permitted Liens. Each of Borrower and its Subsidiaries (if any) owns, or possesses the right to use, all of
the Intellectual Property that is reasonably necessary for the operation of their respective businesses as conducted, except for
those for which the failure to own or possess the right to use could not reasonably be expected to result in a Material Adverse
Effect. As of the Closing Date, a complete and correct list of all of (x) the registrations and applications for Intellectual
Property applicable to any of the Products or otherwise owned by any of the Loan Parties or its Subsidiaries and (y) licenses
of Intellectual Property (including Patent Licenses) applicable to any of the Products is set forth on Schedule 4.5. To
Borrower’s knowledge, the operation of Borrower’s and each of its Subsidiaries’ respective businesses, by Borrower
or any of its Subsidiaries as currently conducted, does not infringe upon or otherwise violate any Intellectual Property owned
by any other Person, except as, either individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. No claim or litigation alleging that the Intellectual Property owned or used by Borrower or any of its Subsidiaries,
or the conduct of any Borrower’s or any of its Subsidiaries’ businesses, infringe or otherwise violate the Intellectual
Property of any Person, is pending or, to knowledge of Borrower, threatened in writing, which, either individually or in the aggregate,
could reasonably be expected to have a Material Adverse Effect. To Borrower’s knowledge, no Person has infringed or misappropriated
or is

 

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currently
infringing or misappropriating any Intellectual Property owned by any of the Loan Parties or their Subsidiaries, in each case,
that either individually or in the aggregate could reasonably be expected to result in a Material Adverse Effect. No Loan Party
holds any assets as the trustee of any trust.

 

4.6              
Litigation.

 

(a)               
Except for the Cases, there are no actions, suits, or proceedings pending or, to the knowledge of Borrower, after due inquiry,
threatened in writing against a Loan Party or any of its Subsidiaries that either individually or in the aggregate could reasonably
be expected to result in a Material Adverse Effect.

 

(b)               
Schedule 4.6(b) sets forth a complete and accurate description of each of the actions, suits, or proceedings with
asserted liabilities in excess of, or that could reasonably be expected to result in liabilities in excess of $2,000,000 that,
as of the Closing Date, is pending or, to the knowledge of Borrower, after due inquiry, threatened against a Loan Party or any
of its Subsidiaries.

 

(c)               
To the knowledge of the Loan Parties, there is no pending or threatened Health Care Proceeding commenced, brought, conducted
or heard by or before, or otherwise involving, any Governmental Authority or arbitrator against or affecting any Loan Party or
any Subsidiary of any Loan Party, except to the extent such pending or threatened Health Care Proceeding could not reasonably
be expected to result in a Material Adverse Effect. No Loan Party or Subsidiary has received written notice of any such Health
Care Proceeding against or affecting such Loan Party or any Subsidiary of such Loan Party.

 

4.7              
Compliance with Laws. No Loan Party nor any of its Subsidiaries is: (a) in violation of any applicable laws,
rules, regulations, executive orders, or codes (including Environmental Laws) that, individually or in the aggregate, could reasonably
be expected to result in a Material Adverse Effect, or (b) subject to or in default with respect to any final judgments,
writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department,
commission, board, bureau, agency or instrumentality or any other Governmental Authority, domestic or foreign, that, individually
or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.

 

4.8              
No Material Adverse Effect. All historical financial statements relating to the Loan Parties and their Subsidiaries
that have been delivered by Borrower to Agent have been prepared in accordance with GAAP (except, as expressly noted therein and/or
in the case of unaudited financial statements, for the lack of footnotes and being subject to year-end audit adjustments) and
present fairly in all material respects, the Loan Parties’ and their Subsidiaries’ consolidated financial condition
as of the date thereof and results of operations for the period then ended. Since September 30, 2018, no event, circumstance,
or change has occurred that has or could reasonably be expected to result in a Material Adverse Effect with respect to the Loan
Parties and their Subsidiaries.

 

4.9              
[Reserved].

 

4.10           
Employee Benefits. No Loan Party, none of their Subsidiaries, nor any of their ERISA Affiliates maintains
or contributes to, or within the last six years has contributed to, any Benefit Plan or Multiemployer Plan.

 

4.11           
Environmental Condition. Except as set forth on Schedule 4.11, (a) to Borrower’s knowledge,
no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been used by a Loan Party, its Subsidiaries,
or by previous owners or operators in the disposal of, or to produce, store, handle, treat, release, or transport, any Hazardous
Materials, where such disposal, production, storage, handling, treatment, release or transport was in violation, in any material
respect, of any applicable Environmental

 

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Law,
(b) to Borrower’s knowledge, after due inquiry, no Loan Party’s nor any of its Subsidiaries’ properties or assets
has ever been designated or identified in any manner pursuant to any Environmental Law as a Hazardous Materials disposal site
or as a location at which any material Remedial Action is required pursuant to any Environmental Law, (c) no Loan Party nor any
of its Subsidiaries has received notice that an Environmental Lien has attached to any revenues or to any Real Property owned
or operated by a Loan Party or its Subsidiaries or that any such Environmental Lien has caused such Real Property to be subject
to any material restrictions on the ownership, occupancy, use of transferability of such Real Property by any Loan Party or any
of its Subsidiaries, (d) except to the extent such Loan Party or Subsidiary has set aside on its books financial reserves as required
by GAAP (or such other generally accepted accounting principles as may be applicable in the relevant jurisdiction), to Borrower’s
knowledge, there are no releases of Hazardous Materials at, on, under, from or affecting any Real Property, or other Environmental
Liabilities, that are reasonably expected to form the basis of a material Environmental Action against any Loan Party or any of
its Subsidiaries and (e) no Loan Party nor any of its Subsidiaries nor any of their respective facilities or operations is subject
to any outstanding Environmental Action or any written order, consent decree, or settlement agreement with any Person relating
to any Environmental Law or Environmental Liability that individually or in the aggregate, could reasonably be expected to result
in a Material Adverse Effect.

 

4.12           
Complete Disclosure. All factual information taken as a whole (other than forward-looking information and
projections and information of a general economic nature and general information about Borrower’s industry) furnished by
or on behalf of a Loan Party or its Subsidiaries in writing to Agent or any Lender (including all information contained in the
Schedules hereto or in the other Loan Documents) for purposes of or in connection with this Agreement or the other Loan Documents,
and all other such factual information taken as a whole (other than forward-looking information and projections and information
of a general economic nature and general information about Borrower’s industry) hereafter furnished by or on behalf of a
Loan Party or its Subsidiaries in writing to Agent or any Lender will be, true and accurate, in all material respects, on the
date as of which such information is dated or certified and not incomplete by omitting to state any fact necessary to make such
information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such
information was provided. As of the date on which any Projections are delivered to Agent and/or the Lenders, such Projections
represent Borrower’s good faith estimate, on the date such Projections are delivered, of the Loan Parties’ and their
Subsidiaries’ future performance for the periods covered thereby based upon assumptions believed by Borrower to be reasonable
at the time of the delivery thereof to Agent and/or Lenders (it being understood that such Projections are subject to uncertainties
and contingencies, many of which are beyond the control of the Loan Parties and their Subsidiaries, that no assurances can be
given that such Projections will be realized, and that actual results may differ in a material manner from such Projections).

 

4.13           
Patriot Act. To the extent applicable, each Loan Party is in compliance, in all material respects, with the
(a) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury
Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto,
(b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot
Act of 2001) (the “Patriot Act”) and (c) any other applicable Anti-Terrorism Laws. No part of the proceeds
of the loans made hereunder will be used by any Loan Party or any of their Affiliates, directly or indirectly, for any payments
to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone
else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation
of the United States Foreign Corrupt Practices Act of 1977, as amended.

 

4.14           
Indebtedness. Set forth on Schedule 4.14 is a true and complete list of all Indebtedness

 

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of
each Loan Party and each of its Subsidiaries outstanding immediately prior to the Closing Date that is to remain outstanding immediately
after giving effect to the closing hereunder on the Closing Date and such Schedule accurately sets forth the aggregate principal
amount of such Indebtedness as of the Closing Date.

 

4.15           
Payment of Taxes. Except as otherwise permitted under Section ‎5.5, all income and other material
tax returns and reports of each Loan Party and its Subsidiaries required by any Governmental Authority to be filed by any of them
have been timely filed with the appropriate Governmental Authority, and all income and other material taxes shown on such tax
returns to be due and payable and all material assessments, fees and other governmental charges upon a Loan Party and its Subsidiaries
and upon their respective assets, income, businesses and franchises that are due and payable have been paid to the appropriate
Governmental Authority when due and payable. Each Loan Party and each of its Subsidiaries have made adequate provision in accordance
with GAAP for all taxes not yet due and payable. Borrower does not know of any proposed tax assessment against a Loan Party or
any of its Subsidiaries that is not being actively contested by such Loan Party or such Subsidiary diligently, in good faith,
and by appropriate proceedings; provided such reserves or other appropriate provisions, if any, as shall be required in conformity
with GAAP shall have been made or provided therefor. Except as set forth on Schedule 4.15, as of the Closing Date, there
is no unstayed action, suit, proceeding, investigation (solely in the case of investigations, known to Borrower), audit, or claim
now pending or, to the knowledge of Borrower, threatened by any authority regarding any material taxes relating to Borrower or
any of its Subsidiaries. Except as set forth on Schedule 4.15, neither the Borrower nor any of its Subsidiaries has entered into
a currently effective agreement or waiver extending, or having the effect of extending, any statute of limitations relating to
the payment or collection of any material taxes of the Borrower or any of its Subsidiaries.

 

4.16           
Margin Stock. No Loan Party nor any of its Subsidiaries is engaged principally, or as one of its important
activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds
of the loans made to Borrower will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose
of purchasing or carrying any Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board
of Governors.

 

4.17           
Governmental Regulation. No Loan Party is a “registered investment company” or a company “controlled”
by a “registered investment company” or a “principal underwriter” of a “registered investment company”
as such terms are defined in the Investment Company Act of 1940. No Loan Party is required to be registered under the Investment
Company Act of 1940.

 

4.18           
OFAC. No Loan Party nor any of its Subsidiaries is in violation of any of the country or list based economic
and trade sanctions administered and enforced by OFAC. No Loan Party nor any of its Subsidiaries (a) is a Sanctioned Person or
a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions
with Sanctioned Persons or Sanctioned Entities. No proceeds of any Loan made hereunder will be used to fund any operations in,
finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity.

 

4.19           
Employee and Labor Matters. There is (i) no unfair labor practice complaint pending or, to the knowledge
of Borrower, threatened against Borrower or its Subsidiaries before any Governmental Authority and no grievance or arbitration
proceeding pending or threatened against Borrower or its Subsidiaries which arises out of or under any collective bargaining agreement
and that could reasonably be expected to result in a Material Adverse Effect, (ii) no strike, labor dispute, slowdown, stoppage
or similar action or grievance pending or threatened in writing against Borrower or

 

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its
Subsidiaries that could reasonably be expected to result in a Material Adverse Effect or (iii) as of the Closing Date, to the
knowledge of Borrower, after due inquiry, no union representation question existing with respect to the employees of Borrower
or its Subsidiaries and no union organizing activity taking place with respect to any of the employees of Borrower or its Subsidiaries.
None of Borrower or its Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining Notification
Act or similar state law, which remains unpaid or unsatisfied. The hours worked and payments made to employees of Borrower and
its Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable legal requirements, except
to the extent such violations could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse
Effect. All material payments due from Borrower or its Subsidiaries on account of wages and employee health and welfare insurance
and other benefits have been paid or accrued as a liability on the books of Borrower, except where the failure to do so could
not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

 

4.20           
Borrower as a Holding Company. Borrower is a holding company and does not have any material liabilities (other
than liabilities permitted by this Agreement arising under the Loan Documents and liabilities permitted by the Prepetition Revolving
Credit Agreement that were outstanding as of the Petition Date), own any material assets (other than Equity Interests of its Subsidiaries
and the Treximet Intercompany Note) or engage in any operations or business, in each case, other than in respect of agreements
in the Ordinary Course of Business pursuant to which Borrower is party rather than the relevant operating Subsidiary, including,
(A) licenses, sub-licenses and co-promotion agreements for products distributed by any Subsidiary of Borrower, (B)  marketing
of products distributed by any Subsidiary of Borrower, (C) agreements with pharmacy benefit managers and managed care organizations
related to rebates on products distributed by any Subsidiary of Borrower, (D) agreements with distributors that provide for the
payment of fees and/or rebates in respect of products distributed by any Subsidiary of Borrower and (E) similar commercial agreements
and transactions (including intercompany cash management arrangements), in each case, in the Ordinary Course of Business.

 

4.21           
Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material
to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of
such material leases are valid and subsisting and no default by the applicable Loan Party or its Subsidiaries exists under any
of them, except as could not reasonably be expected to result in a Material Adverse Effect.

 

4.22           
Pernix Manufacturing, LLC. Pernix Manufacturing, LLC does not engage in any business activity or have any
material assets or liabilities (including any Indebtedness) other than (i) the performance of its rights and obligations under
or in connection with its organizational documents or any Loan Document and (ii) liabilities and actions incidental to maintaining
its existence and complying with applicable laws.

 

4.23           
Pernix Ireland Pain. Except as disclosed in public filings of the Borrower with the SEC prior to the Closing
Date or in the Disclosure Letter (as defined in the Stalking Horse Sale Agreement), Pernix Ireland Pain (i) does not have any
material assets (other than assets constituting Prepetition Term Collateral), and (ii) does not have any material liabilities
(including any Indebtedness) other than (x) the performance of its rights and obligations under or in connection with its organizational
documents, any Loan Document, any Prepetition Term Financing Document, Nalpropion’s organizational documents or any Sale
Agreement entered into in compliance with this Agreement, and (y) liabilities and actions incidental to maintaining its existence
and complying with applicable laws.

 

4.24           
Certain Intercompany Obligations. None of the Loan Parties owe any Indebtedness or any other material liabilities
or obligations to any Subsidiary that is not a Loan Party, except to the extent

 

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that
the payment and discharge thereof and exercise of remedies in respect thereof is fully subordinated and junior to the prior payment
in full in cash of the Obligations and termination of the Commitments.

 

4.25           
[Reserved].

 

4.26           
Health Care and Regulatory Matters.

 

(a)               
Compliance with Health Care Laws; Health Care Permits. Each Loan Party and each of their respective Subsidiaries
is in compliance with all Health Care Laws, Registrations and requirements of Government Drug Rebate Programs applicable to it
and its assets, business or operations, except to the extent (x) related to certain DESI Program Products and (y) that any noncompliance,
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Except as disclosed with
respect to DESI Program Products or as disclosed in Schedule 4.26 or in public filings of Borrower with the SEC prior to
the Closing Date, (i) each Loan Party and each of their Subsidiaries (x) holds in full force and effect (without default, violation
or noncompliance) all Health Care Permits necessary for it to own, lease, sublease or operate its assets or to conduct its business
and operations as presently conducted (including to include its Products in any Government Drug Rebate Program in which it participates),
except to the extent where such failure to be in full force and effect or such default, material violation or material noncompliance,
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect and (y) to the extent prudent
and customary in the industry in which it is engaged, has obtained and maintains accreditation from all generally recognized accreditation
agencies, (ii) to the knowledge of each Loan Party, no circumstance exists or event has occurred which could reasonably be expected
to result in the suspension, revocation, termination, restriction, limitation, modification or non-renewal of any Health Care
Permit that could reasonably be expected to have a Material Adverse Effect, (iii) the Products provided by any Loan Party or Subsidiary
are qualified for participation in the Government Drug Rebate Programs, and each Loan Party and each of their Subsidiaries is
entitled to participate in the Government Drug Rebate Programs and (iv) no Loan Party or any of its Subsidiaries directly bills,
receives reimbursement from, or otherwise participates as a provider or supplier in the Medicare or any Medicaid program.

 

(b)               
Rebates. Except to the extent a failure to do so would not reasonably be expected to result in a Material Adverse
Effect, each Loan Party and each of their respective Subsidiaries has timely filed or caused to be timely filed all reports that
it is required to file under applicable Requirements of Law with respect to Government Drug Rebate Programs. No Loan Party is
aware of any claims, actions or appeals pending before any administrative contractor, intermediary or carrier or any other Governmental
Authority with respect to any such reports filed by such Loan Party or Subsidiary, or any claim made by any Governmental Authority
in connection with any audit of such reports.

 

(c)               
Material Statements. No Loan Party nor any of their Subsidiaries, nor any officer, affiliate, employee or agent
of any Loan Party or any Subsidiary of any Loan Party, has made an untrue statement of a material fact or fraudulent statement
to any Governmental Authority, failed to disclose a material fact that must be disclosed to any Governmental Authority, or committed
an act, made a statement or failed to make a statement that, at the time such statement, disclosure or failure to disclose occurred,
would constitute a violation of any Health Care Law that could reasonably be expected to have a Material Adverse Effect.

 

(d)               
Exclusion. Except (1) as disclosed in public filings of the Borrower with the SEC prior to the Closing Date or (2)
where any of the following would not reasonably be expected to result in a Material Adverse Effect, no Loan Party nor any of their
Subsidiaries, nor, to the knowledge of any Loan Party, any owner, officer, director, partner, agent or managing employee or Person
with a “direct or indirect ownership interest” (as that phrase is defined in 42 C.F.R. § 420.201) in any Loan
Party

 

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or
any Subsidiary of any Loan Party, has (i) had a civil monetary penalty assessed pursuant to 42 U.S.C. § 1320a-7; (ii) been
suspended, debarred or excluded from participation in Medicare, Medicaid or any other federal or state healthcare program; (iii)
been convicted (as that term is defined in 42 C.F.R. §1001.2) of any of those offenses described in 42 U.S.C. §1320a-7b
or 18 U.S.C. §§669, 1035, 1347 or 1518, including any of the following categories of offenses: (A) criminal offenses
relating to the delivery of an item or service under any federal health care program (as that term is defined in 42 U.S.C. §1320a-7b)
or healthcare benefit program (as that term is defined in 18 U.S.C. §24b), (B) criminal offenses under federal or state law
relating to patient neglect or abuse in connection with the delivery of a healthcare item or service, (C) criminal offenses under
laws relating to fraud and abuse, theft, embezzlement, false statements to third parties, money laundering, kickbacks, breach
of fiduciary responsibility or other financial misconduct in connection with the delivery of a healthcare item or service or with
respect to any act or omission in a program operated by or financed in whole or in part by any federal, state or local governmental
agency, (D) laws relating to the interference with or obstruction of any investigations into any criminal offenses described in
this clause ‎‎(d), or (E) criminal offenses under laws relating to the unlawful manufacturing, distribution, prescription
or dispensing of a controlled substance; or (iv) been involved or named in a complaint made or any other action taken pursuant
to the False Claims Act under 31 U.S.C. §§3729-3731 or qui tam action brought pursuant to 31 U.S.C. §3729 et seq.

 

(e)               
HIPAA. Except to the extent that failure to do so would not reasonably be expected to result in a Material Adverse
Effect, each Loan Party and each of their respective Subsidiaries is in compliance with HIPAA. Further, in each contractual arrangement
that is subject to HIPAA, the relevant Loan Party and each of its respective Subsidiaries has: (i) entered into a written business
associate agreement (as such term is defined under the HIPAA regulations) that substantially meets the requirements of HIPAA;
(ii) at all times complied in all material respects with such business associate agreements in respect of the HIPAA privacy or
security standards; and (iii) to such Loan Party or Subsidiary’s knowledge, at no time experienced or had a material unauthorized
use or disclosure of Protected Health Information (as defined in the HIPAA regulations) or privacy or security breach or other
privacy or security incident within the meaning of HIPAA.

 

(f)                
Corporate Integrity Agreement. Except as disclosed in public filings of the Borrower with the SEC prior to the Closing
Date, no Loan Party nor any of their Subsidiaries, nor any owner, officer, director, partner, agent or managing employee of any
Loan Party or any Subsidiary of any Loan Party, is a party to or bound by any individual integrity agreement, corporate integrity
agreement, corporate compliance agreement, deferred prosecution agreement, consent order, consent decree, settlement agreement,
or other formal or informal agreement with any Governmental Authority concerning compliance with Health Care Laws, any Government
Drug Rebate Programs or the requirements of any Health Care Permit.

 

4.27           
FDA Regulatory Compliance.

 

(a)               
Except as disclosed with respect to DESI Program Products or as disclosed in Schedule 4.26 or in public filings
of the Borrower with the SEC prior to the Closing Date and (2) as would not reasonably be expected to result in a Material Adverse
Effect, (i) each Loan Party and each of their Subsidiaries has, and it and its Products are in conformance with, all Registrations,
(ii) all Registrations are valid and in full force and effect; (iii) to the knowledge of each Loan Party, neither the FDA nor
any comparable Governmental Authority is considering limiting, suspending, or revoking any such Registration; (iv) the Loan Parties
and each of their Subsidiaries have fulfilled and performed their obligations under each Registration, and no event has occurred
or condition or state of facts exists which would constitute a breach or default under, or would cause revocation or termination
of, any such Registration; and (v) all reports, documents, claims, permits, adverse event reports, complaints, notices, registrations
and applications required to be filed, maintained or furnished to the FDA or any other 

 

    26

    

    

Regulatory
Authority by a Loan Party or any of its Subsidiaries have been so filed, maintained or furnished.

 

(b)               
Each Loan Party and each of their Subsidiaries are conducting their business and operations in compliance with all applicable
Health Care Laws, except to the extent that any noncompliance, individually or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect. Except (1) with respect to DESI Program Products or as disclosed in Schedule 4.26 or
in public filings of the Borrower with the SEC prior to the Closing Date and (2) as would not reasonably be expected to result
in a Material Adverse Effect, (i) no Loan Party nor any of their Subsidiaries is subject to any obligation arising under an administrative
or regulatory action, proceeding, investigation or inspection by or on behalf of the FDA or any comparable Governmental Authority,
warning letter, Form FDA-483, untitled letter, notice of violation letter, consent decree, request for information or other notice,
response or commitment made to or with the FDA or any comparable Governmental Authority, in each case, in respect of such Loan
Party or its Subsidiary, and no such obligation has been threatened and (ii) no Loan Party or Subsidiary thereof has received
written notice from a Governmental Authority that any Product designed, developed, investigated, manufactured, prepared, assembled,
packaged, tested, labeled, distributed, sold or marketed by or on behalf of any Loan Party or any of their Subsidiaries that are
subject to the jurisdiction of the FDA or any comparable Governmental Authority are not being designed, developed, investigated,
manufactured, prepared, assembled, packaged, tested, labeled, distributed, sold and marketed in compliance with the Health Care
Laws.

 

(c)       Except
as would not reasonably be expected to be result in a Material Adverse Effect, all pre-clinical and clinical investigations conducted
or sponsored by or on behalf of any Loan Party or any of their Subsidiaries are being and have been conducted in compliance with
all applicable Health Care Laws including (i) FDA standards for the design, conduct, performance, monitoring, auditing, recording,
analysis and reporting of clinical trials contained in Title 21 parts 50, 54, 56, 312 and 314 of the Code of Federal Regulations,
and (ii) federal and state Requirements of Law restricting the collection, use and disclosure of individually identifiable health
information and personal information.

 

(d)       Except
(i) as disclosed in public filings of the Borrower with the SEC prior to the Closing Date or (ii) as would not reasonably be expected
to be result in a Material Adverse Effect, neither any Loan Party nor any of their Subsidiaries has voluntarily or involuntarily
initiated, conducted or issued, caused to be initiated, conducted or issued, or received written notice of any material recall,
field corrective action, market withdrawal or replacement, safety alert, warning, “dear doctor” letter, investigator
notice, or other notice or action to wholesalers, distributors, retailers, healthcare professionals or patients relating to an
alleged lack of safety, efficacy or regulatory compliance of any Product or is currently considering initiating, conducting or
issuing any recall of any Product.

 

4.28           
Material Contracts. Except for matters which, either individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect, each Material Contract of any Loan Party or Subsidiary (other than those that
have expired at the end of their normal terms) (a) is in full force and effect and is binding upon and enforceable against the
applicable Loan Party or its Subsidiary and, to Borrower’s knowledge, after due inquiry, each other Person that is a party
thereto in accordance with its terms, (b) has not been otherwise amended or modified (other than amendments or modifications permitted
by Section 6.6(b)), and (c) is not in default due to the action or inaction of the applicable Loan Party or its Subsidiary.

 

4.29           
Insurance. Schedule 4.29 lists all insurance policies maintained by or on behalf of the Loan Parties as of
the Closing Date.

 

4.30           
 DIP Orders. On the date of the making of the Closing Date Loans, the Interim DIP

 

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Order
will have been entered and will not have been stayed, amended in a material manner, vacated, reversed or rescinded except as approved
by the Agent and the Required Lenders, in each case in their sole discretion. On the date of the making of any Loan, the Interim
DIP Order (or the Final DIP Order, when applicable) shall have been entered and shall not have been amended in a material manner,
stayed, vacated or rescinded except as approved by the Agent and the Required Lenders, in each case in their sole discretion.
Upon the maturity (whether by the acceleration or otherwise) of any of the Obligations of the Loan Parties hereunder and under
the other Loan Documents, the Lenders shall, subject to the provisions of Section 9.1 and the DIP Orders, be entitled to
immediate payment of such Obligations, and to enforce the remedies provided for hereunder, without further application to or order
by the Bankruptcy Court.

 

5.                  
AFFIRMATIVE COVENANTS.

 

Borrower
covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations (other than contingent
indemnification obligations for which no claim has been asserted):

 

5.1              
Financial Statements, Reports, Certificates. Borrower (a) will deliver to Agent each of the financial statements,
reports, notices and other items set forth on Schedule 5.1 no later than the times specified therein, (b) agrees that no
Loan Party or Subsidiary of a Loan Party will have a fiscal year different from that of Borrower and (c) agrees to maintain, and
cause its Subsidiaries to maintain, a system of accounting that enables Borrower to produce financial statements in accordance
with GAAP. Borrower will also deliver, or cause the other Debtors to deliver, to Agent (i) as soon as practicable in advance of
filing with the Bankruptcy Court or delivering to the Committee, the Final DIP Order and all other proposed orders and pleadings
related to the Loans and the Loan Documents, any Reorganization Plan and/or any disclosure statement related thereto (unless such
advance notice is impossible or impracticable under the circumstances, in which case the Borrower will deliver, or cause the other
Debtors to deliver, such copies no later than substantially simultaneously with the filing with the Bankruptcy Court or delivering
to the Committee) and (ii) substantially simultaneously with the filing with the Bankruptcy Court or delivering to the Committee,
as the case may be, all other notices, filings, motions, pleadings or other information concerning the financial condition of
Borrower or any of its Subsidiaries or other Indebtedness of the Loan Parties or any of their Subsidiaries or any request for
relief under Section 363, 365, 1113 or 1114 of the Bankruptcy Code or Section 9019 of the Federal Rules of Bankruptcy Procedure
that may be filed with the Bankruptcy Court or delivered to the Committee.

 

5.2              
IP Security Agreements. In order to facilitate filings with the United States Patent and Trademark Office
and the United States Copyright Office, and any other intellectual property registry in any other applicable jurisdiction Agent
may reasonably request, each Loan Party or Subsidiary of a Loan Party that owns registered Patents, Trademarks or Copyrights shall
execute and deliver to Agent one or more short form Intellectual Property security agreements, or supplements thereto, in appropriate
form for filing and in a format acceptable to the Agent in its reasonable discretion, to further evidence Agent’s Lien on
such Intellectual Property pursuant to the other applicable Loan Documents.

 

5.3              
Existence. Except as otherwise permitted under Section ‎6.3 or Section ‎6.4, Borrower
will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect such Person’s
valid existence and (where applicable) good standing in its jurisdiction of organization and, except as could not reasonably be
expected to result in a Material Adverse Effect, good standing with respect to all other jurisdictions in which it is qualified
to do business and any rights, franchises, permits, licenses, accreditations, authorizations, or other approvals material to their
businesses.

 

5.4              
Maintenance of Properties. Borrower will, and will cause each of its Subsidiaries to, maintain and preserve
all of its assets that are necessary or useful in the proper conduct of its business in good working order and condition, ordinary
wear, tear, casualty, and condemnation and Permitted

 

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Dispositions
excepted (and except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect).

 

5.5              
Taxes. In accordance with the Bankruptcy Code and subject to any required approval at the Bankruptcy Court,
Borrower will, and will cause each of its Subsidiaries to, pay in full before delinquency or before the expiration of any extension
period all federal and all other material governmental assessments and taxes imposed, levied, or assessed against it, or any of
its assets or in respect of any of its income, businesses, or franchises, except to the extent that (a) the validity of such governmental
assessment or tax is the subject of a Permitted Protest and so long as, in the case of an assessment or tax that has or may become
a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral
to satisfy such assessment or tax or (b) the failure to pay could not reasonably be expected, individually or in the aggregate,
to have a Material Adverse Effect. Borrower will and will cause each of its Subsidiaries to make timely payment or deposit of
all material tax payments and withholding taxes required of it and them by applicable law, including those laws concerning state
disability, and local, state, and federal income taxes (and any foreign equivalent thereof).

 

5.6              
Insurance. Borrower will, at Borrower’s expense, maintain insurance respecting each of Borrower’s
and its Subsidiaries’ assets wherever located, covering liabilities, losses, damages and other risks and hazards as are
customarily are insured against by other Persons engaged in same or similar businesses and similarly situated and located. All
such policies of insurance shall be with financially sound and reputable insurance companies reasonably acceptable to Agent (it
being agreed that, as of the Closing Date, each of Navigators Specialty Insurance Company, Chubb Custom Insurance Company, Ironshore
Specialty Insurance Company, Federal Insurance Company and Lloyd’s of London is acceptable to Agent) and in such amounts
as is carried generally in accordance with sound business practice by companies in similar businesses similarly situated and located
and, in any event, in amount, adequacy, and scope reasonably satisfactory to the Required Lenders (it being agreed that the amount,
adequacy, and scope of the policies of insurance of Borrower in effect as of the Closing Date are acceptable to the Required Lenders).
All property insurance policies covering the Collateral are to be made payable to Agent for the benefit of Agent and the Lenders,
as their interests may appear, in case of loss, pursuant to a standard loss payable endorsement with a standard non-contributory
“lender” or “secured party” clause and are to contain such other provisions as Agent may reasonably require
to fully protect the Lenders’ interest in the Collateral and to any payments to be made under such policies. All certificates
of property and general liability insurance are to be delivered to Agent, with the loss payable (but only in respect of Collateral)
and additional insured endorsements in favor of Agent and shall provide for not less than 30 days (10 days in the case of non-payment)
prior written notice to Agent of the exercise of any right of cancellation. If Borrower or its Subsidiaries fails to maintain
such insurance, Agent may arrange for such insurance, but at Borrower’s expense and without any responsibility on Agent’s
part for obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of
claims. Borrower shall give Agent prompt notice of any loss exceeding $250,000 covered by their or their Subsidiaries’ casualty
or business interruption insurance. Upon the occurrence and during the continuance of an Event of Default, Agent shall have the
sole right to file claims under any property and general liability insurance policies in respect of the Collateral, to receive,
receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts,
releases, assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement
of any claims under any such insurance policies.

 

5.7              
Inspection. Borrower will, and will cause each of its Subsidiaries to, permit Agent, any Lender, and each
of their respective duly authorized representatives or agents to visit any of its properties and inspect any of its assets or
books and records, to examine and make copies of its books and records, and to discuss its affairs, finances, and accounts with,
and to be advised as to the same by, its officers and

 

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employees
(provided an authorized representative of Borrower shall be allowed to be present) at such reasonable times and intervals as Agent
or any Lender, as applicable, may designate and, so long as no Default or Event of Default has occurred and is continuing, with
reasonable prior notice to Borrower and during regular business hours; provided that, so long as no Event of Default has
occurred and is continuing, Agent and the Lenders taken as a whole shall not exercise such rights at the Borrower’s expense
more often than one time during any calendar year.

 

5.8              
Compliance with Laws. Borrower will, and will cause each of its Subsidiaries to, comply with the requirements
of all applicable laws, rules, regulations, and orders of any Governmental Authority, other than laws, rules, regulations, and
orders the non-compliance with which, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect.

 

5.9              
Environmental. Borrower will, and will cause each of its Subsidiaries to,

 

(a)               
Keep any property either owned or operated by Borrower or its Subsidiaries free of any Environmental Liens or post bonds
or other financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens,

 

(b)               
Comply, in all material respects, with Environmental Laws and provide to Agent documentation of any material non-compliance
which Agent reasonably requests,

 

(c)               
Promptly notify Agent of any release of which Borrower has knowledge of a Hazardous Material in any reportable quantity
from or onto property owned or operated by Borrower or its Subsidiaries and take any Remedial Actions required to abate said release
under, or otherwise to come into compliance with, in all material respects, applicable Environmental Law,

 

(d)               
Promptly, but in any event within five (5) Business Days of its receipt thereof, provide Agent with written notice of any
of the following: (i) notice that an Environmental Lien has been filed against any of the real or personal property of Borrower
or its Subsidiaries, (ii) written notice of commencement of any material Environmental Action filed against or written notice
that a material Environmental Action will be filed against, Borrower or its Subsidiaries, and (iii) written notice of a material
violation, citation, or other administrative order from a Governmental Authority, and

 

(e)               
If Borrower or any of its Subsidiaries, or any tenant or occupant of any Real Property owned, leased or operated by Borrower
or any of its Subsidiaries, causes or permits any intentional or unintentional act or omission resulting in the presence or release
of any Hazardous Material (except in compliance with applicable Environmental Laws), Borrower agrees to undertake, and/or to cause
any of its Subsidiaries, and use commercially reasonable efforts to cause its tenants or occupants to undertake, at their sole
expense, any clean up, removal, remedial or other action required pursuant to Environmental Laws to remove and clean up any Hazardous
Materials from any Real Property except where the failure to do so has not resulted in, and could not reasonably be expected to
result in, a Material Adverse Effect.

 

5.10           
Intellectual Property. Each Loan Party and each of its Subsidiaries shall have the duty, with respect to
Intellectual Property that is necessary in or material to the conduct of such Loan Party’s or such Subsidiary’s business,
to use commercially reasonable efforts to protect and diligently enforce and defend such of its Intellectual Property, including
(A) to diligently enforce and defend, including promptly suing for infringement, misappropriation, or dilution and to recover
any and all damages for such infringement, misappropriation, or dilution, and filing for opposition, interference, and cancellation
against conflicting Intellectual Property rights of any Person, (B) to prosecute diligently any trademark application or service
mark application that is part of the Trademarks pending as of the date hereof or hereafter until the termination of this Agreement,
(C) to prosecute diligently any patent application that is

 

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part
of the Patents pending as of the date hereof or hereafter until the termination of this Agreement, (D) to take all reasonable
and necessary action to preserve and maintain all of such Loan Party’s or such Subsidiary’s Trademarks, Patents, Copyrights,
Intellectual Property licenses (including Patent Licenses), and its rights therein, including paying all maintenance fees and
filing of applications for renewal, affidavits of use, and affidavits of noncontestability, and (E) to require all employees,
consultants, and contractors of each Loan Party or Subsidiary who were involved in the creation or development of such Intellectual
Property to sign agreements containing assignment of Intellectual Property rights and obligations of confidentiality. Each Loan
Party and each of its Subsidiaries shall take the steps described in this Section 5.10 with respect to all new or acquired
Intellectual Property to which it is now or later becomes entitled that is necessary in or material to the conduct of such Loan
Party’s or such Subsidiary’s business. Each Loan Party and each of its Subsidiaries shall take reasonable steps to
maintain the confidentiality of, and otherwise protect and enforce its rights in, the Intellectual Property that is necessary
in or material to the conduct of such Loan Party’s or such Subsidiary’s business.

 

5.11           
Formation or Acquisition of Subsidiaries.  Borrower will, at the time that any of its Subsidiaries forms
or incorporates any other direct or indirect Subsidiary (other than with respect to a Subsidiary to which the Required Lenders
shall agree otherwise in writing) or acquires any direct or indirect Subsidiary (other than with respect to a Subsidiary to which
the Required Lenders shall agree otherwise in writing) after the Closing Date, within 20 days of such formation, incorporation
or acquisition (or such later date as permitted by the Required Lenders in their sole discretion) (a) cause such new Subsidiary
to provide to Agent a “Grantor Joinder” to the Guaranty and Security Agreement, together with such other security
agreements, as well as appropriate financing statements, all in form and substance reasonably satisfactory to the Required Lenders
(including being sufficient to grant Agent a first priority Lien (subject to Permitted Collateral Liens) in and to the types of
assets of such newly formed, incorporated or acquired Subsidiary included as “Collateral” under the Guaranty and Security
Agreement); and (b) provide to Agent all other documentation, including one or more opinions of counsel reasonably satisfactory
to the Required Lenders, which, in their opinion, is appropriate with respect to the execution and delivery of the applicable
documentation referred to above. Any document, agreement, or instrument executed or issued pursuant to this Section 5.11
shall constitute a Loan Document. The foregoing shall also apply to Pernix Ireland Pain and Pernix Manufacturing, LLC, as applicable,
as if such entity were a new Subsidiary, to the extent such entity is required to become a Guarantor pursuant to the provisos
to the definition of “Guarantors.”

 

5.12           
Further Assurances. (a) Borrower will, and will cause each of its Subsidiaries to, at any time upon the reasonable
request of Agent or the Required Lenders, execute or deliver to Agent any and all financing statements, fixture filings, security
agreements, pledges, assignments, opinions of counsel, and all other documents (together with any security documents executed
pursuant to Section 5.11, the “Additional Documents”) that the Agent or Required Lenders may reasonably request
in form and substance reasonably satisfactory to the Required Lenders, to create, perfect, ensure the enforceability of and continue
perfected or to better perfect Agent’s Liens in all of the assets of Borrower and its Subsidiaries of the type that constitute
“Collateral” or any similar term (as defined in the Guaranty and Security Agreement or in any Additional Document)
(whether now owned or hereafter arising or acquired, tangible or intangible, real or personal), or enable the Agent to apply for
any registration, or give any notification in connection with the Agent’s Lien in the Collateral so that the Lien has the
priority required by the Agent and in order to fully consummate all of the transactions contemplated hereby and under the other
Loan Documents; provided that the foregoing shall not apply if the costs to the Loan Parties of providing such documents
are unreasonably excessive (as determined by the Required Lenders in consultation with Borrower) in relation to the benefits to
Agent and the Lenders of the security afforded thereby. To the maximum extent permitted by applicable law, Borrower and each other
Loan Party hereby authorizes Agent to execute any such Additional Documents in the applicable Loan Party’s name and authorizes
Agent to file such executed Additional Documents in any appropriate filing office;

 

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provided
that Agent shall not exercise such authority unless Borrower or any other Loan Party refuses or fails to execute or deliver
any reasonably requested Additional Documents within a reasonable period of time following the request to do so or an Event of
Default exists. In furtherance of, and not in limitation of, the foregoing, each Loan Party shall take such actions as Agent or
the Required Lenders may reasonably request from time to time to ensure that the Obligations are guaranteed by the Guarantors
and are secured by a first priority perfected Lien on all assets of Borrower and the other Loan Parties (if any) of a type that
constitute “Collateral” or any similar term (as defined in the Guaranty and Security Agreement or in any Additional
Document).

 

(b)       Upon
entry into any Material Contract after the Closing Date, involving aggregate consideration payable to or by the Borrower or any
of its Subsidiaries of $500,000 or more, the Borrower shall promptly (and in any event within 10 Business Days of entry thereto)
notify the Agent thereof and after reasonably request by Agent, and, in the case of such a Material Contract of a Loan Party,
shall serve a notice of assignment, substantially in the form of Schedule 5 to the Guaranty and Security Agreement, on each of
the other parties to such Material Contract and shall use reasonable endeavors to procure that, within 30 days of the date of
such notice (or such later date as the Agent may agree in its sole discretion), each of those other parties acknowledges that
notice, substantially in the form of Schedule 5 to the Guaranty and Security Agreement.

 

(c)       Upon
entry into any material Insurance (as defined in the Guaranty and Security Agreement) involving aggregate coverage of $500,000
or more for the assets of the Borrower or any of its Subsidiaries, the Borrower shall promptly (and in any event within 10 Business
Days of the execution and delivery by the Borrower or other applicable Loan Party of the contracts evidencing such Insurance (as
defined in the Guaranty and Security Agreement)) notify the Agent thereof and after reasonably request by Agent, shall serve a
notice of assignment, substantially in the form of Schedule 6 to the Guaranty and Security Agreement, on each of the other parties
to such Insurance (as defined in the Guaranty and Security Agreement) and shall use reasonable endeavors to procure that, within
30 days of the date of such notice (or such later date as the Agent may agree in its sole discretion), each of those other parties
acknowledges that notice, substantially in the form of Schedule 6 to the Guaranty and Security Agreement.

 

5.13           
Zohydro Assets. Borrower shall ensure, and shall cause its Subsidiaries to ensure, at all times that either
the Agent or the Prepetition Term Agent maintains a perfected first-priority lien on the Borrower’s and each of its Subsidiaries’
right, title and interest in, to and under Zohydro Assets.

 

5.14           
Lender Meetings. Borrower will, at the reasonable request of Agent or of the Required Lenders and upon reasonable
prior notice, hold a meeting or conference call (at a mutually agreeable location and time or, in the case of a conference call,
at a mutually agreeable time) with all Lenders who choose to participate in such meeting or call at which meeting or call shall
be reviewed the financial results and the financial condition of Borrower and its Subsidiaries and the Approved Budget and any
proposed modifications thereto or variances therefrom.

 

5.15           
Material Contracts.

 

(a)       Each
Loan Party will, and each Loan Party will cause its Subsidiaries to, comply with all terms and conditions of and fulfill all obligations
under each Material Contract to which any of them is a party, except to the extent the failure to so comply would not result in
a Material Adverse Effect. Upon the occurrence of a breach of any such Material Contract by any other party thereto, which is
not cured as provided therein, each Loan Party will act in a commercially reasonable way in determining whether and how to enforce
its, or its Subsidiary’s, as applicable, rights and remedies thereunder.

 

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(b)       Subject
to entry of the Interim DIP Order (or the Final DIP Order, when applicable), each Loan Party will not, and each Loan Party will
not permit any of its Subsidiaries to: (i) forgive, release or reduce any payment, or delay or postpone any payment, owed to any
Loan Party or any of their respective Affiliates under or in respect of any Material Contract or (ii) amend, modify, restate,
cancel, supplement, terminate or waive any provision of any Material Contract, grant any consent thereunder or agree to do any
of the foregoing, in each case, to the extent such forgiveness, release, reduction, delay, postponement, amendment, modification,
restatement, cancellation, supplement, termination, waiver, grant or agreement would reasonably be expected to result in a Material
Adverse Effect.

 

5.16           
Compliance with Health Care Laws.

 

(a)               
Each Loan Party and each of their respective Subsidiaries will comply with all applicable Health Care Laws, except (i)
to the extent that any noncompliance, individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect or (ii) as disclosed with respect to the DESI Program Products or as disclosed in Schedule 4.26 or in public filings
of the Borrower with the SEC prior to the Closing Date.

 

(b)               
Except (1) with respect to DESI Program Products or as disclosed in Schedule 4.26 or in public filings of the Borrower
with the SEC prior to the Closing Date and (2) as would not reasonably be expected to result in a Material Adverse Effect, each
Loan Party and each of their respective Subsidiaries shall (i) obtain, maintain and preserve, and cause each of its Subsidiaries
to obtain, maintain and preserve, and take all necessary action to timely renew, all material Health Care Permits and Registrations
which are necessary or useful in the proper conduct of its business; (ii) be and remain in material compliance with all requirements
for participation in, and for licensure required to provide the goods or services that are reimbursable by any Governmental Authority
to any Person; (iii) with relation to any Persons providing services for or on behalf of any Loan Party or Subsidiary thereof
(either as an employee or independent contractor), (A) not use the services of such Persons who are not, to the Loan Parties’
knowledge, in compliance with all applicable Health Care Laws in the performance of their duties and (B) cause such Persons to
maintain in full force and effect all professional licenses and other Health Care Permits required to perform such duties; and
(iv) keep and maintain all records required to be maintained by any Governmental Authority or otherwise under any Health Care
Law. All Products designed, developed, investigated, manufactured, prepared, assembled, packaged, tested, labeled, distributed,
sold or marketed by or on behalf of any Loan Party or any of their Subsidiaries that are subject to the jurisdiction of the FDA
or any comparable Governmental Authority shall be designed, developed, investigated, manufactured, prepared, assembled, packaged,
tested, labeled, distributed, sold and marketed in compliance with the Health Care Laws.

 

(c)               
Each Loan Party and each of their respective Subsidiaries that, in each case, actively engages in the marketing of Products,
shall maintain a corporate and health care regulatory compliance program (“RCP”) which addresses the requirements
of Health Care Laws, including HIPAA, and includes at least the following components: (i) standards of conduct and procedures
that describe compliance policies regarding laws with an emphasis on prevention of fraud and abuse; (ii) a specific officer within
high-level personnel identified as having overall responsibility for compliance with such standards and procedures; (iii) training
and education programs which effectively communicate the compliance standards and procedures to employees and agents, including
fraud and abuse laws; (iv) auditing and monitoring systems and reasonable steps for achieving compliance with such standards and
procedures including publicizing a reporting system to allow employees and other agents to anonymously report criminal or suspect
conduct and potential compliance problems; (v) disciplinary guidelines and consistent enforcement of compliance policies including
discipline of individuals responsible for the failure to detect violations of the RCP; and (vi) mechanisms to 

 

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immediately
respond to detected violations of the RCP. Each Loan Party and each of their respective Subsidiaries shall modify such RCPs from
time to time, as may be necessary to ensure continuing compliance with all applicable Health Care Laws. Upon request, the Agent
(and/or its consultants) shall be permitted to review such RCPs.

 

(d)               
Borrower shall provide to Agent upon request, an accurate, complete and current list of all third party rebate agreements
with respect to the business of the Loan Parties and their Subsidiaries.

 

5.17           
Use of Proceeds. Borrower shall, and shall cause its Subsidiaries to, use the proceeds of (i) the Closing
Date ABL Refinancing Loan to repay all outstanding loans under the Prepetition Revolving Credit Agreement, together with all accrued
and unpaid interest on such loans and the accrued and unpaid unused line fee thereunder on the Closing Date and (ii) the Closing
Date General Purpose Loans to pay the fees, costs and expenses incurred in connection with this Agreement, the other Loan Documents
and the transactions contemplated hereby and for general corporate purposes, in each case, consistent with the Approved Budget,
subject to Permitted Variances. Borrower shall, and shall cause its Subsidiaries to, use the proceeds of each Delayed Draw Loan
for working capital and general corporate purposes consistent with the Approved Budget, subject to Permitted Variances.

 

5.18           
Post-Closing Obligations. Subject to Section 3.7 (with respect to grace periods, notice periods and
extensions provided for therein), the Loan Parties shall execute and deliver the documents and complete the tasks set forth on
Schedule 5.18, in each case within the time periods specified therefor.

 

5.19           
[Reserved].

 

5.20           
Final DIP Order. Not later than the earlier of (i) the expiration of the Interim DIP Order and (ii) 45 days
after the entry of the Interim DIP Order, the Final DIP Order shall have been entered by the Bankruptcy Court and shall be in
full force and effect and, after such entry, shall not have been (A) vacated, stayed or reversed or (B) modified or amended in
a material manner except as otherwise agreed to in writing by the Agent and the Required Lenders in their reasonable discretion.

 

5.21           
Proceedings. Within fifteen days after the end of each calendar month, deliver to the Agent a schedule of
any unstayed proceeding not previously disclosed involving any alleged liability of, or claims against, any Loan Party or Subsidiary
thereof, equal to or greater than $500,000, and promptly after request by the Agent, such other information as may be reasonably
requested by the Agent to enable the Agent and its counsel to evaluate any such proceedings.

 

5.22           
Certain Bankruptcy Matters.

 

(a)               
Borrower shall, and shall cause its Subsidiaries to, ensure that each of the Milestones is achieved in accordance with
the applicable timing referred to in Schedule 5.22; provided, that such timing may be extended upon mutual agreement
between Borrower and the Lenders or to the extent necessary to accommodate the Bankruptcy Court’s availability. All orders
entered in accordance with the Milestones shall in each case be in form and substance reasonably satisfactory to the Agent and
the Lenders.

 

(b)               
Borrower and each of the other Debtors shall comply in all material respects with all of the requirements and obligations
set forth in the orders approving the Debtors’ “first day” and “second day” relief obtained in any
of the Cases, including complying with the requirements of the cash management order in all material respects.

 

(c)               
Borrower and each of the other Debtors shall cause all payments required to be

 

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made
under the Interim DIP Order and the Final DIP Order to be made in accordance therewith and pursuant thereto.

 

5.23           
Assumption and Rejection of Contracts and Leases. Borrower shall provide reasonable advance notice to the
Agent prior to any assumption or rejection of any of the Debtors’ material contracts or material non-residential real property
leases or any other Transferred Contract (as defined in the Stalking Horse Sale Agreement) pursuant to Section 365 of the Bankruptcy
Code.

 

5.24           
Obligations Regarding Sale Process. The Loan Parties (a) shall, and shall cause their respective Subsidiaries
to, diligently prosecute the sale motion referred to in Schedule 5.22 (and any other sale motion seeking approval of an Acceptable
Alternative Sale Agreement) and take all commercially reasonable steps to obtain entry of the Sale Order by the applicable Milestone
and the Sale Procedures Order within the time frame contemplated in such sale motion and (b) shall not, and shall not permit their
respective Subsidiaries to, (i) withdraw such sale motion (except in connection with the filing of a new sale motion under Section
363 of the Bankruptcy Code seeking approval of a Replacement Sale Agreement, which motion shall be filed within one Business Day
of entering into any such Replacement Sale Agreement) or (ii) agree to, cause or permit any amendment, restatement, supplement
or other modification to, or waiver of, any Sale Agreement, the Sale Order or the Sale Procedures Order that could reasonably
be expected to be adverse to the Secured Parties (it being understood and agreed that any amendment, restatement, supplement or
other modification to, or waiver of, any Sale Agreement, the Sale Order or the Sale Procedures Order that (x) provides for a closing
date for any sale transaction later than the Maturity Date or (y) changes the form of consideration for any assets being disposed
of shall be considered adverse) without in each case obtaining the prior written consent of the Required Lenders to such amendment,
restatement, supplement or other modification or waiver.

 

6.                  
NEGATIVE COVENANTS.

 

Borrower
covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations (other than contingent
indemnification obligations for which no claim has been asserted):

 

6.1              
Indebtedness and Contingent Obligations. Borrower will not, and will not permit any of its Subsidiaries to,
create, incur, assume, suffer to exist, guarantee, or otherwise become or remain, directly or indirectly, liable with respect
to (i) any Indebtedness, except for Permitted Indebtedness or (ii) any Contingent Obligations, except for Permitted Contingent
Obligations.

 

6.2              
Liens. (a) Borrower will not, and will not permit any of its Subsidiaries to create, incur, assume, or suffer
to exist, directly or indirectly, any Lien on any of its property or assets, of any kind, whether now owned or hereafter acquired,
or any income or profits therefrom, except for Permitted Liens and (b) notwithstanding the foregoing, each Loan Party will not,
and each Loan Party will not permit any of its Subsidiaries to, create, assume or suffer to exist any consensual Lien securing
Indebtedness for borrowed money on the Core Assets or the Zohydro Assets, except pursuant to clause (a) (to the extent constituting
Collateral) of the definition of Permitted Liens or otherwise to the extent expressly permitted by the Interim DIP Order or the
Final DIP Order entered in compliance with this Agreement.

 

6.3              
Restrictions on Fundamental Changes and Sale and Leaseback Transactions. Borrower will not, and will not
permit any of its Subsidiaries to do any of the following, except in compliance with Section 6.4:

 

(a)               
enter into any merger, consolidation, reorganization or recapitalization,

 

(b)               
liquidate, wind up, or dissolve itself (or suffer any liquidation or dissolution), 

 

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(c)               
suspend or cease operating
a substantial portion of its or their business, except as expressly permitted pursuant to clause ‎(a)
above or pursuant to a transaction permitted under Section ‎6.4.

 

(d)               
form any new Subsidiary
without the prior written consent of the Required Lenders; provided, that, to the extent the Required Lenders provide consent
with respect to the formation of any new Subsidiary, such new Subsidiary shall become a Guarantor pursuant Section 5.11, or 

 

(e)               
enter into any arrangement
with any Person whereby, in a substantially contemporaneous transaction, a Loan Party or any Subsidiary of any Loan Party sells
or transfers all or substantially all of its right, title and interest in an asset and, in connection therewith, acquires or leases
back the right to use such asset.

 

6.4              
Disposal of Assets. Other than Permitted Dispositions or transactions expressly permitted by Sections
‎6.3 or ‎6.9, Borrower will not, and will not permit any of its Subsidiaries to convey, sell, lease, license,
assign, transfer, abandon or otherwise dispose of (or enter into an agreement to convey, sell, lease, license, assign, transfer,
abandon or otherwise dispose of) any of its or their assets (whether in one transaction or a series of related transactions).

 

6.5              
Nature of Business. Borrower will not, and will not permit any of its Subsidiaries to make any material change
in the nature of its or their business as conducted by Borrower and its Subsidiaries on the date hereof or acquire any properties
or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall
not prevent Borrower and its Subsidiaries from engaging in any business that is reasonably related or ancillary to the then-current
business of Borrower and its Subsidiaries.

 

6.6              
Prepayments and Amendments. Borrower will not, and will not permit any of its Subsidiaries to,

 

(a)               
Directly or indirectly, do any of the following: 

 

(i)                
optionally prepay, redeem, defease, purchase or otherwise acquire any Indebtedness of Borrower or its Subsidiaries, other
than: 

 

(A)       the
Obligations in accordance with this Agreement, and

 

(B)       the
Adequate Protection Obligations to the extent the DIP Orders expressly permit such payment to be made without further consent
of the Agent or any Lender;

 

(ii)              
make any payment on account of Indebtedness that has been, or was required to be, contractually subordinated in right of
payment to the Obligations unless such payment is (x) permitted at such time under the subordination terms and conditions, (y)
in accordance with the Approved Budget, subject to Permitted Variances, and (z) not prohibited by the DIP Orders, or

 

(b)               
Directly or indirectly, amend, modify, or change any of the terms or provisions of any of the following:

 

(i)                
any agreement, instrument, document, indenture, or other writing evidencing or concerning any Indebtedness other than (1)
the Obligations in accordance with this Agreement, (2) Permitted Intercompany Advances (subject to the Intercompany Subordination

 

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Agreement
or other subordination provisions referred to in the definition of Permitted Intercompany Advances), (3) Indebtedness permitted
under clauses (c) and (j) of the definition of Permitted Indebtedness,

 

(ii)              
the Governing Documents of any Loan Party or any of its Subsidiaries if the effect thereof, either individually or in the
aggregate, could reasonably be expected to be adverse to the interests of the Agent or the Lenders, or

 

(iii)            
other than as consented to by the Required Lenders (such consent not to be unreasonably withheld, delayed or conditioned),
any Nalpropion Document (as defined in the Prepetition Term Credit Agreement) if the effect of such amendment, change or modification,
individually or in the aggregate, (x) would amend, modify, change and/or add any material obligation of the Borrower or any of
its Subsidiaries thereunder in a manner adverse to the interests of the Agent or the Lenders or (y) could reasonably be expected
to be materially adverse to the interests of the Agent or the Lenders or the Prepetition Term Secured Parties.

 

(c)               
Directly or indirectly make any payment on account of any Indebtedness, liabilities, or other obligations of any Loan Party
that are owing or due to any Subsidiary that is not a Loan Party, other than with the consent of the Required Lenders.

 

6.7              
Restricted Payments. Borrower will not, and will not permit any of its Subsidiaries to make any Restricted
Payment; provided, that, so long as (i) it is permitted by law and (ii) no Default or Event of Default shall have occurred
and be continuing or would result therefrom,

 

(a)               
any Subsidiary of Borrower may make dividends or distributions to Borrower,

 

(b)               
any non-Loan Party Subsidiary may make dividends or distributions to a Loan Party,

 

(c)               
any Loan Party may make dividends or distributions to another Loan Party, and

 

(d)               
payments owed by a Loan Party expressly permitted by Section ‎6.6(a), to the extent (i) in accordance with the
Approved Budget, subject to Permitted Variances, and (ii) not prohibited by the DIP Orders.

 

6.8              
Accounting Methods. Borrower will not, and will not permit any of its Subsidiaries to modify or change its
fiscal year or its method of accounting (other than as may be required to conform to GAAP).

 

6.9              
Investments. Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, make
or acquire any Investment or incur any liabilities (including contingent obligations) for or in connection with any Investment
except for Permitted Investments.

 

6.10           
Transactions with Affiliates. Borrower will not, and will not permit any of its Subsidiaries to, directly
or indirectly, enter into, permit to exist or renew or extend any transaction or arrangement (including, without limitation, the
purchase, sale, lease, conveyance, transfer, assignment, distribution, abandonment or exchange of property or assets, or the rendering
of any service) with any Affiliate of Borrower or any of its Subsidiaries except for:

 

(a)               
transactions (other than the payment of management, consulting, monitoring, or advisory fees) in the Ordinary Course of
Business between Borrower or its Subsidiaries, on the one hand, and any Affiliate of Borrower or its Subsidiaries, on the other
hand (other than transactions 

 

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involving
any payment to or sale, transfer or disposition of asset to any Person other than (x) a Loan Party or (y) pursuant to the DIP
Orders, Nalpropion), so long as such transactions (A) are fully disclosed to Agent prior to the consummation thereof, if they
involve one or more payments by Borrower or its Subsidiaries in excess of $500,000 for any single transaction or series of related
transactions, (B) are no less favorable, taken as a whole, to Borrower or its Subsidiaries, as applicable, than would be
obtained in an arm’s length transaction with a non-Affiliate and (C) pursuant to and in accordance with the DIP Orders or
the cash management order entered by the Bankruptcy Court; provided that any transaction or series of transactions pursuant
to this clause (a) with an aggregate value in excess of $1,000,000 must first be approved by a majority of the Board of Directors
of Borrower who are disinterested in the subject matter of the transaction pursuant to a board resolution delivered to the Agent
and the Lenders at least two business days prior to the consummation of such transaction,

 

(b)               
so long as it has been approved by Borrower’s or its applicable Subsidiary’s Board of Directors (or comparable
governing body) in accordance with applicable law, any indemnity provided for the benefit of directors (or comparable managers)
of Borrower or its applicable Subsidiary,

 

(c)               
so long as it has been approved by Borrower or its applicable Subsidiary’s Board of Directors (or comparable governing
body) in accordance with applicable law, the payment of reasonable compensation, severance, or employee benefit arrangements to
employees, officers, and outside directors of Borrower and its Subsidiaries in the Ordinary Course of Business and consistent
with industry practice,

 

(d)               
transactions by and between or among the Loan Parties, in each case subject to, and to the extent permitted by, the terms
of this Agreement and the other Loan Documents,

 

(e)               
transactions expressly permitted by Section 6.7 or 6.9, and

 

(f)                
the Transactions or transactions in relation to the Loan Documents.

 

6.11           
Use of Proceeds. Borrower will not, and will not permit any of its Subsidiaries to, use the proceeds of any
Loan made hereunder for any purpose other than (a) on the Closing Date, (i) to repay all outstanding loans under the Prepetition
Revolving Credit Agreement, together with all accrued and unpaid interest on such loans and the accrued and unpaid unused line
fee thereunder, and (ii) to pay the fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents,
and the transactions contemplated hereby and thereby, and (b) thereafter, for working capital and general corporate purposes,
in each case (x) for their lawful and permitted purposes (including that no part of the proceeds of the loans made to Borrower
will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying
any such Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors) and (y)
consistent with the Approved Budget, subject to Permitted Variances.

 

6.12           
Limitation on Issuance of Equity Interests. Except for a disposition permitted by Section ‎6.4,
Borrower will not, and will not permit any of its Subsidiaries to, issue or sell or enter into any agreement or arrangement for
the issuance or sale of any of its Equity Interests.

 

6.13           
Negative Pledge. Each Loan Party will not, and each Loan Party will not permit any of its Subsidiaries to,
create or otherwise cause or suffer to exist or become effective any agreement restricting or placing limitations on its ability
to grant a security interest to the Agent in their respective right, title and interest in, to and under Zohydro Assets.

 

6.14           
Borrower and IP Subsidiaries. Borrower will not incur any liabilities (other than liabilities arising under
the Loan Documents and liabilities existing as of the Petition Date under

 

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Permitted
Indebtedness of the Borrower outstanding as of the Petition Date) or engage itself in any operations or business, except in connection
with its ownership of its Subsidiaries and its rights and obligations under the Loan Documents and except for agreements entered
into in the Ordinary Course of Business pursuant to which Borrower is party rather than the relevant operating Subsidiary, including,
(A) licenses and co-promotion agreements for products distributed by any Subsidiary of Borrower, (B)  marketing of products
distributed by any Subsidiary of Borrower, (C) agreements with pharmacy benefit managers and managed care organizations related
to rebates on products distributed by any Subsidiary of Borrower, (D) agreements with distributors that provide for the payment
of fees and/or rebates in respect of products distributed by any Subsidiary of Borrower, (E) similar commercial agreements and
transactions in the Ordinary Course of Business. Borrower will not permit any IP Subsidiary to incur any liabilities (other than
(x) liabilities arising under the Loan Documents, (y) liabilities existing as of the Petition Date under Permitted Indebtedness
of such IP Subsidiary outstanding as of the Petition Date and (z) Permitted Intercompany Advances), own or acquire any assets
(other than Intellectual Property rights owned as of the Petition Date or acquired in another transaction not prohibited under
this Agreement) or engage itself in any operations or business, except in connection with the license of its Intellectual Property
rights to any Loan Party and, in each case, other than in connection with agreements in the Ordinary Course of Business pursuant
to which such IP Subsidiary is party rather than the relevant operating Subsidiary, including, (A) licenses, sub-licenses and
co-promotion agreements for products distributed by any Subsidiary of Borrower, (B)  marketing of products distributed by
any Subsidiary of Borrower, (C) agreements with pharmacy benefit managers and managed care organizations related to rebates on
products distributed by any Subsidiary of Borrower, (D) agreements with distributors that provide for the payment of fees and/or
rebates in respect of products distributed by any Subsidiary of Borrower, (E) agreements with manufacturers to acquire products
and (F) similar commercial agreements and transactions in the Ordinary Course of Business.

 

6.15           
Burdensome Agreements. Except as provided in the following sentence, each Loan Party will not, and each Loan
Party will not permit any of its Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual
encumbrance or restriction of any kind in any case on the ability of any Subsidiary of any Loan Party to: (A) pay or make Restricted
Payments to any Loan Party; (B) pay any Indebtedness owed to any Loan Party; (C) make loans or advances to any Loan Party; or
(D) transfer any of its property or assets to any Loan Party. Notwithstanding the immediately prior sentence, each Loan Party
and each of the Loan Parties’ Subsidiaries may create, cause or suffer to exist or become effective any such consensual
encumbrance or restriction provided by (a) the Loan Documents, (b) any instrument governing Indebtedness or Equity Interests of
a Person (other than a Loan Party) acquired by any Loan Party or any of the Loan Parties’ Subsidiaries as in effect at the
time of (and not in anticipation of) such acquisition, which encumbrance or restriction is not applicable to any Person, or the
properties or assets of any Person, other than the Person and/or any of its Subsidiaries, or the property or assets of the Person
and/or any of its Subsidiaries, so acquired, (c)(x) customary non-assignment and similar provisions in contracts, leases and licenses
entered into in the Ordinary Course of Business, (y) net worth provisions in leases and other agreements and (z) provisions restricting
cash or other deposits in agreements entered into by each Loan Party or any Subsidiary of such Loan Party in the Ordinary Course
of Business, (d) mortgage financings, purchase money obligations and Capital Lease Obligations that impose restrictions on the
property owned or leased, (e) any agreement for the sale or other disposition permitted by this Agreement of the Equity Interests
or all or substantially all of the property and assets of a Subsidiary of any Loan Party that restricts distributions by that
Subsidiary pending its sale or other disposition, (f) Permitted Liens, (g) restrictions on cash or other deposits or net worth
imposed by customers or suppliers or required by insurance, surety or bonding companies, in each case, under contracts entered
into in the Ordinary Course of Business, (h) customary encumbrances or restrictions contained in agreements in connection with
Hedge Agreements or Bank Products permitted under this Agreement, (i) customary provisions contained in leases or licenses of
Intellectual Property and other agreements, in each case, entered into in the Ordinary Course of Business, or (j) any consensual

 

    39

    

    

encumbrance
or restriction of any kind existing under any agreement that extends, renews, refinances, replaces, amends, modifies, restates
or supplements the agreements containing the encumbrances or restrictions in the foregoing clauses (a) through (i), or in this
clause (j) (provided that the terms and conditions of any such consensual encumbrance or restriction of any kind that limit the
actions described in (A) – (D) above are no more restrictive than those under or pursuant to the agreement so extended,
renewed, refinanced, replaced, amended, modified, restated or supplemented).

 

6.16           
Agent’s Exercise of Rights and Remedies. Seek to enjoin, hinder, delay or object to the Agent’s
exercise of rights and, following an Event of Default, remedies hereunder in any jurisdiction, and, at any proceeding with respect
to the Agent’s exercise of rights and remedies, raise any substantive objections, other than to challenge the occurrence
of the relevant Event of Default.

 

6.17           
Additional Bankruptcy Matters. Without the Agent’s prior written consent, do any of the following:

 

(a)               
assert or prosecute any claim or cause of action against any of the Secured Parties (in their capacities as such);

 

(b)               
subject to the terms of the Interim DIP Order and the Final DIP Order and subject to Section 9.1, object to, contest,
delay, prevent or interfere with in any material manner the exercise of rights and remedies by the Agent or the Lenders with respect
to the Collateral following the occurrence of an Event of Default (provided that any Loan Party may contest or dispute
whether an Event of Default has occurred); or

 

(c)               
except as expressly provided or permitted hereunder (including, without limitation, pursuant to any “first day”
or “second day” orders complying with the terms of this Agreement) or, with the prior consent of the Agent (at the
direction of the Required Lenders), as provided pursuant to any other order by the Bankruptcy Court, make any payment or distribution
to any non-debtor Affiliate or insider of any of the Debtors outside of the ordinary course of business.

 

7.                  
PRODUCT-RELATED CONTRACTS.

 

(a)       If
an Event of Default shall have occurred and be continuing, the Agent may exercise any Debtor’s rights pursuant to section
365(f) of the Bankruptcy Code with respect to any contract or group of contracts and, subject to the Bankruptcy Court’s
approval after notice and hearing, assign any contract or agreement related to any of the Core Assets or Zohydro Assets to which
any Loan Party or any of its Subsidiaries is a party (collectively, the "Specified Contracts"), in any such case,
such Specified Contract in accordance with section 365 of the Bankruptcy Code notwithstanding any language to the contrary in
any of the applicable lease documents or executory contracts.

 

(b)       If
an Event of Default shall have occurred and be continuing, the Agent shall have the right to direct any Debtor that is a party
to a Specified Contract to assign such Specified Contract to the Agent, on behalf of the Secured Parties, as collateral for the
Secured Obligations and to direct such Debtor to assume such Specified Contract to the extent assumption is required under the
Bankruptcy Code as a prerequisite to such assignment. Upon receipt of notice that the Administrative Agent elects to exercise
its rights under this Article 7, the Debtors shall (i) promptly file a motion seeking expedited relief and a hearing on the earliest
court date available for purposes of, if necessary, assuming such Specified Contract and assigning it to the Agent and (ii) cure
any defaults that have occurred and are continuing under such Specified Contract.

 

(c)       If
any Debtor is required to cure any monetary default under any Specified Contract under this Article 7, or otherwise in connection
with any assumption of such Specified Contract

 

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pursuant
to section 365 of the Bankruptcy Code, and such monetary default is not cured within five Business Days of the receipt by the
Borrower of notice from the Agent under this Article 7 or any other notice from the Agent requesting the cure of such monetary
default, then the Agent may cure any such monetary default on behalf of such Debtor and any such payments shall, at the election
of the Agent in its sole discretion and subject to satisfaction of the conditions in Article 3, be deemed a Loan hereunder.

 

8.                  
EVENTS OF DEFAULT.

 

Any
one or more of the following events (other than, in the case of Section 8.6, those defaults directly arising as a result of the
commencement of the Cases) shall constitute an event of default (each, an “Event of Default”) under this Agreement:

 

8.1              
Payments. If Borrower fails to pay when due and payable, or when declared due and payable, (a) all or any
portion of the Obligations consisting of interest, fees, or charges due the Lender Group, reimbursement of Lender Group Expenses,
or other amounts (other than any portion thereof constituting principal) constituting Obligations (including any portion thereof
that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part
as a claim in any such Insolvency Proceeding), and such failure continues for a period of three (3) Business Days or (b) all or
any portion of the principal of the Loans;

 

8.2              
Covenants. If any Loan Party or any of its Subsidiaries:

 

(a)               
fails to perform or observe any covenant or other agreement contained in any of (i) Sections 3.7, 5.1, ‎5.3
(solely with respect to Borrower’s existence), ‎5.6, ‎5.7 (solely if Borrower refuses to allow
Agent or its representatives or agents to visit properties of the Borrower or any of its Subsidiaries, inspect their assets or
books or records, examine and make copies of their books and records, or discuss Borrower’s or any Subsidiary’s affairs,
finances, and accounts with officers and employees of Borrower or relevant Subsidiary), ‎5.11, ‎5.13, 5.17,
5.18, 5.20 or 5.22 of this Agreement, (ii) Section ‎6 of this Agreement, (iii) [reserved], or
(iv) Section 8 of the Guaranty and Security Agreement;

 

(b)               
fails to perform or observe any covenant or other agreement contained in any of Sections ‎5.3 (other than with
respect to Borrower’s existence), ‎5.4, ‎5.5, ‎5.8, and ‎5.12 of this Agreement
and such failure continues for a period of 10 days after the earlier of (i) the date on which such failure shall first become
known to any officer of Borrower or (ii) the date on which written notice thereof is given to Borrower by Agent; or

 

(c)               
fails to perform or observe any covenant or other agreement contained in this Agreement, or in any of the other Loan Documents,
in each case, other than any such covenant or agreement that is the subject of another provision of this Section 8 (in
which event such other provision of this Section 8 shall govern), and such failure continues for a period of 30 days after
the earlier of (i) the date on which such failure shall first become known to any officer of Borrower or (ii) the date on which
written notice thereof is given to Borrower by Agent;

 

8.3              
Judgments. If one or more final postpetition judgments for the payment of money involving an aggregate amount
of $1,000,000 or more (except to the extent fully covered (other than to the extent of customary deductibles) by insurance pursuant
to which the insurer has not denied coverage) is entered or filed against a Loan Party or any of its Subsidiaries, or with respect
to any of their respective assets, and either (a) there is a period of 30 consecutive days at any time after the entry of any
such judgment during which (1) the same is not discharged, satisfied, vacated, or bonded pending appeal, or (2) a stay of enforcement
thereof is not in effect, or (b) enforcement proceedings are commenced upon such judgment;

 

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8.4              
Voluntary Bankruptcy, etc. If an Insolvency Proceeding is commenced by any Subsidiary of the Borrower that
is not a Debtor or any Subsidiary of the Borrower that is not a Debtor shall make a general assignment for the benefit of creditors,
or shall fail generally to pay its debts as they become due;

 

8.5              
Involuntary Bankruptcy, etc. If an Insolvency Proceeding is commenced against any Subsidiary of the Borrower
that is not a Debtor and any of the following events occur: (a) such Subsidiary consents to the institution of such Insolvency
Proceeding against it, (b) the petition commencing the Insolvency Proceeding is not timely controverted, (c) such Insolvency Proceeding
remains undismissed and unstayed for a period of 30 consecutive calendar days, (d) an interim trustee is appointed to take possession
of all or any substantial portion of the properties or assets of, or to operate all or any substantial portion of the business
of, such Subsidiary, or (e) an order for relief shall have been issued or entered therein;

 

8.6              
Default Under Other Agreements. If there is (a) a default in one or more agreements to which a Loan Party
or any of its Subsidiaries is a party with one or more third Persons relative to a Loan Party’s or any of its Subsidiaries’
Indebtedness involving an aggregate amount of $500,000 or more, and such default (i) occurs at the final maturity of the obligations
thereunder, or (ii) results in a right by such third Person, irrespective of whether exercised, to accelerate the maturity of
such Loan Party’s or its Subsidiary’s obligations thereunder (after giving effect to any notice or lapse of time if
required thereunder); provided that this clause (a) shall not include any default under any such Indebtedness outstanding as of
the Petition Date to the extent the exercise of any rights or remedies with respect thereto is subject to the automatic stay provisions
of section 362 of the Bankruptcy Code, or (b) an involuntary early termination of one or more Hedge Agreements to which a Loan
Party or any of its Subsidiaries is a party involving an aggregate amount of $500,000 or more, provided that no such failure or
early termination date (or such other similar term), as applicable, described in this Section 8.6 shall constitute an Event of
Default if such failure or early termination date is a result of or arises solely from the commencement of a proceeding under
chapter 11 of the Bankruptcy Code by the Debtors and/or customary events leading up to the commencement of the Cases (including,
without limitation, pursuant to cross-default or cross-acceleration provisions or as a result of any failure to deliver notices
or take other actions under the applicable credit agreement, indenture, or any related documents with respect to such matters
and events and including any cross default arising with respect to any of the foregoing), to the extent the exercise of remedies
in respect thereof is subject to the automatic stay;

 

8.7              
Representations, etc. If any warranty, representation, certificate, statement, or Record made herein or in
any other Loan Document or delivered in writing to Agent or any Lender in connection with this Agreement or any other Loan Document
proves to be untrue in any material respect (except that such materiality qualifier shall not be applicable to any representations
and warranties that already are qualified or modified by materiality in the text thereof) as of the date of issuance or making
or deemed making thereof;

 

8.8              
Guaranty. If the obligation of any Guarantor under the applicable guaranty agreement is limited or terminated
by operation of law or by such Guarantor (other than in accordance with the terms of this Agreement);

 

8.9              
Security Documents. If the Guaranty and Security Agreement or any other Loan Document that purports to create
a Lien, shall, for any reason, fail or cease to create a valid and perfected and, except to the extent of Permitted Collateral
Liens, first priority Lien on the Collateral covered thereby, except (a) as a result of a disposition of the applicable Collateral
in a transaction permitted under this Agreement or (b) as the result of the failure of Agent to maintain possession of any Collateral
actually delivered to it;

 

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8.10           
Loan Documents. The validity or enforceability of any Loan Document shall at any time for any reason (other
than solely as the result of an action or failure to act on the part of Agent) be declared to be null and void, or a proceeding
shall be commenced by a Loan Party or its Subsidiaries, or by any Governmental Authority having jurisdiction over a Loan Party
or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan Party or its Subsidiaries shall
deny that such Loan Party or its Subsidiaries has any liability or obligation purported to be created under any Loan Document,
or any Loan Party or any of its Subsidiaries shall challenge the enforceability of any material provision of any Loan Document
in writing or shall assert in writing that any material provision of any such Loan Document has ceased to be or otherwise is not
valid, binding and enforceable in accordance with its or their terms (other than by reason of the payment in full of the Obligations
or any other termination of any Loan Document in accordance with the terms thereof); or the Liens on any material portion of the
Collateral purported to be created under any of the Loan Documents shall cease to be, or shall be asserted in writing by any Loan
Party or any of its Subsidiaries not to be, a valid and perfected Lien in such material portion of the Collateral, with the priority
required pursuant to this Agreement;

 

8.11           
Change in Control. A Change in Control shall occur;

 

8.12           
Section 364 Financing. Without the consent of the Agent and the Required Lenders, the entry of any order
by the Bankruptcy Court granting, or the filing by Borrower or any of its Subsidiaries of any motion or other request with the
Bankruptcy Court (in each case, other than the DIP Orders and motions seeking entry thereof or permitted amendments or modifications
thereto) seeking, authority to use any cash proceeds of any of the Collateral without the Agent’s consent or to obtain any
financing under section 364 of the Bankruptcy Code other than the facility hereunder unless such motion or order contemplates
payment in full in cash of the Obligations immediately upon consummation of the transactions contemplated thereby;

 

8.13           
Other Superpriority Claims and Liens. If an order of the Bankruptcy Court shall be entered granting (i) any
Superpriority Claim (other than the Carve Out) in any of the Cases that is pari passu with or senior to the claims of the Agent
and the Lenders against Borrower or any Loan Party under the Loan Documents, (ii) any Lien or security interest on any of the
Collateral that is pari passu with or senior to the Liens and security interests granted by any Loan Party securing the Obligations,
(iii) any Superpriority Claim (other than the Carve Out and, if applicable, the DIP Superpriority Claims) in any of the Cases
that is pari passu with or senior to the claims of the Prepetition Term Secured Parties against Pernix Ireland Pain under the
Prepetition Term Financing Documents or otherwise pursuant to the DIP Orders or (iv) any Lien or security interest on any of the
Prepetition Term Collateral that is pari passu with or senior to the Liens and security interests granted by Pernix Ireland Pain
securing the Prepetition Term Obligations;

 

8.14           
Dismissal or Conversion of Cases. If any of the Cases shall be dismissed or converted to a case under Chapter
7 of the Bankruptcy Code or any Loan Party or Subsidiary thereof shall file a motion or other pleading seeking the dismissal of
any of the Cases under Section 1112 of the Bankruptcy Code or otherwise; a trustee under Chapter 7 or Chapter 11 of the Bankruptcy
Code, receiver or an examiner with expanded powers beyond those set forth in Section 1106(a)(3) and (4) of the Bankruptcy Code
shall be appointed in any of the Cases;

 

8.15           
Automatic Stay. If the Bankruptcy Court shall enter an order or orders granting relief from the automatic
stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to permit foreclosure
(or the granting of a deed in lieu of foreclosure or the like) on any assets of Borrower or any of its Subsidiaries that either
constitute Collateral or have a value in excess of $500,000 in the aggregate or permit other actions that would, in the aggregate,
constitute a Material Adverse Effect on any Loan Party or Pernix Ireland Pain (or the estate of any Loan Party or Pernix

 

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Ireland
Pain);

 

8.16           
Modification to DIP Orders, Etc. If (i) an order of the Bankruptcy Court shall be entered reversing, staying,
vacating or (without the consent of the Agent and the Required Lenders in their sole discretion) otherwise amending, supplementing
or modifying the Interim DIP Order, the Final DIP Order or any other order relating to the use of cash collateral (in each case
without the written consent of the Agent and the Required Lenders in their sole discretion) or (ii) if the Bankruptcy Court shall
enter any order terminating the right of any Debtor to use cash collateral;

 

8.17           
Prepetition Payments. Except as permitted by the Interim DIP Order or Final DIP Order, or as otherwise permitted
by this Agreement (including in connection with adequate protection payments), or as otherwise agreed to by the Agent, if Borrower
or any of its Subsidiaries shall make any Prepetition Payment other than Prepetition Payments authorized by the Bankruptcy Court
(and made in accordance with the Approved Budget, subject to Permitted Variances) that are: (1) in accordance with “first
day” or “second day” orders complying with the terms of this Agreement and entered with the consent of (or non-objection
by) the Agent (at the direction of the Required Lenders) on or prior to the earlier of the date referred to in clause (c) of Schedule
5.22 and the entry of the Final DIP Order, or other orders of the Bankruptcy Court entered with the consent of (or non-objection
by) the Agent (at the direction of the Required Lenders), (2) in connection with the assumption of executory contracts and unexpired
leases with the consent of (or non-objection by) the Agent (at the direction of the Required Lenders), (3) in respect of accrued
payroll and related expenses and employee benefits as of the Petition Date and (4) in respect of other Prepetition Payments authorized
by order of the Bankruptcy Court entered with the consent of (or non-objection by) the Agent (at the direction of the Required
Lenders) in an aggregate amount not to exceed $500,000;

 

8.18           
Compliance with Orders. If any Loan Party or Subsidiary thereof shall fail to comply with the Approved Budget,
subject to Permitted Variances, or otherwise fail to perform in all material respects any of its material obligations under any
terms of (a) the Interim DIP Order or Final DIP Order, (b) after entry thereof, the Sale Procedures Order or the Sale Order; or
(c) any other order of the Bankruptcy Court (x) authorizing the use of cash collateral, (y) approving debtor-in-possession financing,
or (z) granting adequate protection;

 

8.19           
Sale of Assets; Etc. If (a) any Loan Party or Subsidiary shall file any motion seeking authority to consummate
a sale of assets (other than the Treximet Assets) of such Loan Party’s or Subsidiary’s outside the ordinary course
of business, or any sale of any part of the Collateral pursuant to Section 363 of the Bankruptcy Code, in each case without the
consent of the Required Lenders, or (b) any Loan Party or Subsidiary shall file (or support or fail to oppose) a motion seeking,
or the Bankruptcy Court shall enter, an order, authorizing the sale of all or substantially all of such Loan Party’s or
Subsidiary’s assets (other than the Treximet Assets) (unless such order contemplates payment in full in cash of the Obligations
upon consummation of such sale, whether pursuant to a plan of reorganization or otherwise);

 

8.20           
Reorganization Plan. If a Reorganization Plan that is not an Acceptable Reorganization Plan shall be confirmed
in the Case, or Borrower shall propose or support or fail to oppose any such plan or any motion or other pleading that seeks to
extend the Maturity Date

 

8.21           
Dissolution of Borrower or any Subsidiary. If any order, judgment or decree shall be entered against Borrower
or any Subsidiary decreeing the dissolution or split up of Borrower or any Subsidiary and such order shall remain undischarged
or unstayed for a period in excess of thirty (30) days;

 

8.22           
Case Administration Procedures. If an order shall be entered establishing procedures

 

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for
the administration of any of the Cases and/or approval of significant transactions, including, without limitation, asset sale
procedures, that is not reasonably satisfactory in form and substance to the Agent, or Borrower or any of its affiliates shall
seek or support the filing or entry of such an order;

 

8.23           
Actions Contrary to the Agreement. If any Loan Party or Subsidiary thereof shall file a motion or other pleading
seeking relief that if granted could reasonably be expected to result in the occurrence of an Event of Default (unless such relief,
if granted (or the relevant transaction) would result in payment in full in cash of the Obligations immediately upon consummation
of the matter addressed by such motion or pleading, whether pursuant to a plan of reorganization or otherwise);

 

8.24           
Challenges. Any Loan Party or Subsidiary thereof shall challenge, support or encourage a challenge of any
payments made to the Agent or any Lender with respect to the Obligations, other than to challenge the occurrence of a Default
or Event of Default;

 

8.25           
Grant of Adequate Protection. If an order of the Bankruptcy Court shall be entered granting adequate protection
not consented to by the Agent in its sole discretion or any Debtor shall propose or support or fail to oppose the entry of any
such order;

 

8.26           
Adequate Protection. Without the consent of the Agent, the filing of any motion by any Debtor seeking approval
of (or the entry of an order by the Bankruptcy Court approving) adequate protection to any prepetition agent, trustee or lender
that is inconsistent with the Interim DIP Order or the Final DIP Order; or

 

8.27           
Change of Venue. If, unless otherwise approved by the Agent and the Required Lenders, an order of the Bankruptcy
Court shall be entered providing for a change in venue with respect to any of the Cases and such order shall not be reversed or
vacated within 10 days.

 

8.28           
Sale Agreement. (i) The Stalking Horse Sale Agreement shall be terminated, rescinded or revoked (in whole
or in part) by any party thereto and is not replaced by (x) a Replacement Sale Agreement, which Replacement Sale Agreement shall
have been entered into within five Business Days thereof or (y) an Overbid Sale Agreement entered into substantially concurrently
with the termination of the Stalking Horse Sale Agreement (which Replacement Sale Agreement or Overbid Sale Agreement, as applicable,
shall be approved by the Bankruptcy Court no later than the date specified in clause (e) of Schedule 5.22); or (ii) any party
to any Sale Agreement shall (x) admit in writing or state publicly its intent not to pursue the transactions contemplated by the
Sale Agreement, or (y) act or fail to act in a manner that impairs such party's ability to perform its obligations under, or otherwise
constitutes an anticipatory repudiation of, or a breach or default under (to the extent not cured within the applicable grace
period), any Sale Agreement unless a Replacement Sale Agreement shall have been entered into within the period referred to in
clause (i) above; or (iii) the denial (in whole or in part) by the Bankruptcy Court of any of the relief sought in the sale motion
referred to in Schedule 5.22 or in any motion seeking approval of a Replacement Sale Agreement unless the initial relief requested
shall be approved by the Bankruptcy Court pursuant to a Sale Order no later than the date specified in clause (e) of Schedule
5.22.

 

9.                  
RIGHTS AND REMEDIES.

 

9.1              
Rights and Remedies. Upon the occurrence and during the continuation of an Event of Default, subject to paragraph
29 of the Interim DIP Order (or, after entry thereof, the corresponding paragraph of the Final DIP Order), Agent may, with the
consent of the Required Lenders and, at the instruction of the Required Lenders, shall (in each case under clauses (a) or (b)
by written notice to Borrower), in addition to any other rights or remedies provided for hereunder or under any other Loan Document
or by applicable law, do any one or more of the following, in each case without further order of or application to the Bankruptcy
Court (provided that any party shall be entitled to seek an emergency

 

    45

    

    

hearing
with the Bankruptcy Court to determine whether an Event of Default has occurred and is continuing):

 

(a)               
declare the principal of, and any and all accrued and unpaid interest and fees in respect of, the Loans and all other Obligations,
whether evidenced by this Agreement or by any of the other Loan Documents to be immediately due and payable, whereupon the same
shall become and be immediately due and payable and Borrower shall be obligated to repay all of such Obligations in full, without
presentment, demand, protest, or further notice or other requirements of any kind, all of which are hereby expressly waived by
Borrower;

 

(b)               
declare the Commitments terminated, whereupon the Commitments shall immediately be terminated together with any obligation
of any Lender to make Loans; and

 

(c)               
exercise all other rights and remedies available to Agent or the Lenders under the Loan Documents, under applicable law,
or in equity.

 

The
foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default described in Section ‎8.4 or Section
‎8.5, in addition to the remedies set forth above, without any notice to Borrower or any other Person or any act by the Lender
Group, the Commitments shall automatically terminate and the Obligations, inclusive of the principal of, and any and all accrued
and unpaid interest and fees in respect of, the Loans and all other Obligations, whether evidenced by this Agreement or by any
of the other Loan Documents, shall automatically become and be immediately due and payable and Borrower shall automatically be
obligated to repay all of such Obligations in full, without presentment, demand, protest, or notice or other requirements of any
kind, all of which are expressly waived by Borrower.

 

9.2              
Remedies Cumulative. The rights and remedies of the Lender Group under this Agreement, the other Loan Documents,
and all other agreements shall be cumulative. The Lender Group shall have all other rights and remedies not inconsistent herewith
as provided under the Code, by law, or in equity. No exercise by the Lender Group of one right or remedy shall be deemed an election,
and no waiver by the Lender Group of any Event of Default shall be deemed a continuing waiver. No delay by the Lender Group shall
constitute a waiver, election, or acquiescence by it.

 

10.              
WAIVERS; INDEMNIFICATION.

 

10.1           
Demand; Protest; etc. Borrower, on behalf of itself and its Subsidiaries, waives demand, protest, notice
of protest, notice of default or dishonor, notice of payment and nonpayment, nonpayment at maturity, release, compromise, settlement,
extension, or renewal of documents, instruments, chattel paper, and guarantees at any time held by the Lender Group on which Borrower
or any of its Subsidiaries may in any way be liable.

 

10.2           
The Lender Group’s Liability for Collateral. Borrower, on behalf of itself and its Subsidiaries, hereby
agrees that: (a) so long as Agent complies with its obligations, if any, under the Code, the Lender Group shall not in any
way or manner be liable or responsible for: (i) the safekeeping of the Collateral, (ii) any loss or damage thereto occurring or
arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or (iv) any act or default of any
carrier, warehouseman, bailee, forwarding agency, or other Person, and (b) all risk of loss, damage, or destruction of the Collateral
shall be borne by Borrower, except to the extent such loss, damage or destruction is determined by a final non-appealable judgment
of a court of competent jurisdiction to have directly resulted from the Agent’s and Lender’s gross negligence or willful
misconduct.

 

10.3           
Indemnification. Borrower shall pay, indemnify, defend, and hold the Agent-Related

 

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Persons,
the Lender-Related Persons, and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent
permitted by law) from and against any and all claims, demands, suits, actions, investigations, proceedings, liabilities, fines,
costs, penalties, and damages, and all reasonable fees and disbursements of attorneys, experts, or consultants and all other costs
and expenses actually incurred in connection therewith or in connection with the enforcement of this indemnification (as and when
they are incurred and irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any
of them (a) in connection with or as a result of or related to the execution and delivery (provided that Borrower shall not be
liable for costs and expenses (including attorneys’ fees) of any Lender (other than Agent in its capacity as such) incurred
in advising, structuring, drafting, reviewing or administering the Loan Documents), enforcement, performance, or administration
(including any restructuring or workout with respect hereto) of this Agreement, any of the other Loan Documents, or the transactions
contemplated hereby or thereby or the monitoring of Borrower’s and its Subsidiaries’ compliance with the terms of
the Loan Documents (provided, that the indemnification in this clause (a) shall not extend to (i) disputes solely between
or among the Lenders that do not involve any acts or omissions of any Loan Party, or (ii) disputes solely between
or among the Lenders and their respective Affiliates that do not involve any acts or omissions of any Loan Party; it being
understood and agreed that the indemnification in this clause (a) shall extend to Agent (but not the Lenders) relative to disputes
between or among Agent on the one hand, and one or more Lenders, or one or more of their Affiliates, on the other hand, or (iii)
any Taxes or any costs attributable to Taxes, which shall be governed by Section ‎16), (b) with respect to any actual
or prospective investigation, litigation, or proceeding related to this Agreement, any other Loan Document or the making
of any Loans hereunder, or the use of the proceeds of the Loans provided hereunder (irrespective of whether any Indemnified
Person is a party thereto), or any act, omission, event, or circumstance in any manner related thereto, and (c) in connection
with or arising out of any presence or release of Hazardous Materials at, on, under, to or from any assets or properties owned,
leased or operated by Borrower or any of its Subsidiaries or any Environmental Actions, Environmental Liabilities or Remedial
Actions related in any way to any such assets or properties of Borrower or any of its Subsidiaries (each and all of the foregoing,
the “Indemnified Liabilities”). The foregoing to the contrary notwithstanding, Borrower shall not have any
obligation to any Indemnified Person under this Section ‎10.3 with respect to any Indemnified Liability that a court
of competent jurisdiction finally determines to have resulted from (i) the gross negligence or willful misconduct of such Indemnified
Person or its officers, directors, employees, attorneys, or agents or (ii) a willful and material breach by an Indemnified party
of its obligations under this Agreement. This provision shall survive the termination of this Agreement and the repayment in full
of the Obligations. If any Indemnified Person makes any payment to any other Indemnified Person with respect to an Indemnified
Liability as to which Borrower was required to indemnify the Indemnified Person receiving such payment, the Indemnified Person
making such payment is entitled to be indemnified and reimbursed by Borrower with respect thereto. WITHOUT LIMITATION, THE
FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART ARE
CAUSED BY OR ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON.

 

11.              
NOTICES.

 

Unless
otherwise provided in this Agreement, all notices or demands relating to this Agreement or any other Loan Document shall be in
writing and (except for financial statements and other informational documents which may be sent by first-class mail, postage
prepaid) shall be personally delivered or sent by registered or certified mail (postage prepaid, return receipt requested), overnight
courier, electronic mail (at such email addresses as a party may designate in accordance herewith), or telefacsimile. In the case
of notices or demands to Borrower or Agent, as the case may be, they shall be sent to the respective address set forth below:

 

    47

    

    

	If to Borrower:	Pernix Therapeutics Holdings, Inc.
	 	10
        North Park Place, Suite 201

        

        Morristown,
        NJ 07960

        

	 	Attn:
        General Counsel

         

	 	Fax No.: (862) 260-8752
	 	 
	with copies to:	Davis Polk & Wardwell, LLP
	 	450 Lexington Avenue
	 	New York, New York 10017
	 	Attn: Jinsoo Kim
	 	Fax Number: (212) 450-5800
	 	 
	If
        to Agent:

         
	Bobbie
        Young (Agency)

        

        900
        West Trade Street, Suite 725

        

        Charlotte,
        NC 28202

        

        Email:
        BankLoansAgency@cantor.com

        

        Fax
        Number: 646-390-1764

         

        

        Cantor
        Fitzgerald Securities

        

        Attn:
        Nils Horning (Legal)

        

        1801
        N. Military Trail, Suite 202

        

        Boca
        Raton, FL 33431

        

        Email:
        NHorning@cantor.com

        

        Telephone
        Number: 212-829-4889

        

        Fax
        Number: 646-219-1180

         

        Attn:
        Jon Stapleton (Credit)

        

        110
        E. 59th St.

        

        New
        York, NY 10022

        

        Email:
        JStapleton@cantor.com

        

	 	 
	with
        copies to:

        
	Skadden,
        Arps, Slate, Meagher & Flom LLP

        

	 	Four Times Square
	 	New York, New York 10036
	 	Attn: Sarah M. Ward
	 	Fax Number: (917) 777-2126

 

Any
party hereto may change the address at which they are to receive notices hereunder, by notice in writing in the foregoing manner
given to the other party. All notices or demands sent in accordance with this Section ‎11, shall be deemed received
on the earlier of the date of actual receipt or three (3) Business Days after the deposit thereof in the mail; provided,
that (a) notices sent by overnight courier service shall be deemed to have been given when received, (b) notices by facsimile
shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall
be deemed to have been given at the opening of business on the next Business Day for the recipient) and (c) notices by electronic
mail shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the
“return receipt requested” function, as available, return email or other written acknowledgment).

 

12.              
CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE 

 

    48

    

    

PROVISION.

 

(a)               
THE VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN
DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, THE RIGHTS
OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO, AND
ANY CLAIMS, CONTROVERSIES OR DISPUTES ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO SHALL BE DETERMINED UNDER,
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY
CODE.

 

(b)               
THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
SHALL BE TRIED AND LITIGATED ONLY IN THE BANKRUPTCY COURT (OR, IF THE BANKRUPTCY COURT DOES NOT HAVE (OR ABSTAINS FROM) JURISDICTION,
THE STATE AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK);
PROVIDED, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION,
IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND.
BORROWER AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT
THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS
SECTION ‎12(b).

 

(c)               
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND EACH MEMBER OF THE LENDER GROUP HEREBY WAIVE THEIR RESPECTIVE
RIGHTS, IF ANY, TO A JURY TRIAL OF ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION DIRECTLY OR INDIRECTLY BASED UPON OR ARISING
OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH
OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS (EACH A “CLAIM”). BORROWER AND EACH MEMBER OF THE LENDER
GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION
WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

(d)               
BORROWER AND EACH MEMBER OF THE LENDER GROUP HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION
OF THE BANKRUPTCY COURT (OR, IF THE BANKRUPTCY COURT DOES NOT HAVE (OR ABSTAINS FROM) JURISDICTION, THE STATE AND, TO THE EXTENT
PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK), IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER 

 

    49

    

    

PROVIDED
BY LAW. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT AGENT MAY OTHERWISE HAVE TO BRING ANY
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS
OF ANY JURISDICTION.

 

(e)               
NO CLAIM MAY BE MADE BY ANY LOAN PARTY AGAINST THE AGENT, ANY OTHER LENDER, OR ANY AFFILIATE, DIRECTOR, OFFICER, EMPLOYEE,
COUNSEL, REPRESENTATIVE, AGENT, OR ATTORNEY-IN-FACT OF ANY OF THEM FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY
DAMAGES OR LOSSES IN RESPECT OF ANY CLAIM FOR BREACH OF CONTRACT OR ANY OTHER THEORY OF LIABILITY ARISING OUT OF OR RELATED TO
THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY ACT, OMISSION, OR EVENT OCCURRING IN CONNECTION
THEREWITH, AND EACH LOAN PARTY HEREBY WAIVES, RELEASES, AND AGREES NOT TO SUE UPON ANY CLAIM FOR SUCH DAMAGES, WHETHER OR NOT
ACCRUED AND WHETHER OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR.

 

(f)                
CONSENT TO SERVICE OF PROCESS.  EACH FOREIGN LOAN PARTY HEREBY IRREVOCABLY DESIGNATES, APPOINTS, AUTHORIZES AND EMPOWERS
BORROWER AS ITS AGENT FOR SERVICE OF PROCESS AT ITS OFFICES LOCATED AT 10 NORTH PARK PLACE, SUITE 201 MORRISTOWN, NJ 07960 (OR
SUCH OTHER OFFICE OF BORROWER LOCATED IN THE UNITED STATES AND NOTIFIED TO AGENT AND THE LENDERS IN WRITING FROM TIME TO TIME
FOR PURPOSES OF THIS SECTION 12(F) AT LEAST TEN (10) BUSINESS DAYS PRIOR TO THE EFFECTIVENESS OF SUCH CHANGE IN OFFICES FOR PURPOSES
OF THIS SECTION 12(F)) TO ACCEPT AND ACKNOWLEDGE FOR AND ON ITS BEHALF SERVICE OF ANY AND ALL PROCESS, NOTICES OR OTHER DOCUMENTS
THAT MAY BE SERVED IN ANY SUIT, ACTION OR PROCEEDING RELATING HERETO IN THE BANKRUPTCY COURT OR ANY NEW YORK COURT.

 

13.            ASSIGNMENTS
AND PARTICIPATIONS; SUCCESSORS.

 

13.1           
Assignments and Participations.

 

(a)               
(i) Subject to the conditions set forth in clause (a)(ii) below, any Lender may assign and delegate all or any portion
of its rights and duties under the Loan Documents (including the Obligations owed to it and its Commitments) to one or more assignees
(each, an “Assignee”), with the prior written consent (such consent not be unreasonably withheld or delayed)
of:

 

(A)       the
Borrower in its sole discretion so long as the Stalking Horse Sale Agreement is in full force and effect; provided that no such
consent of the Borrower shall be required in connection with an assignment or delegation by any Lender to any other Lender, an
Affiliate of any Lender, or a Related Fund of such Lender; and

 

(B)       Agent.

 

(ii)              
Assignments shall be subject to the following additional conditions:

 

A.                
no assignment may be made to a natural person,

 

B.                
no assignment may be made to a Loan Party or an Affiliate of a Loan Party,

 

    50

    

    

C.                
the amount of the Commitments and the other rights and obligations of the assigning Lender hereunder and under the other
Loan Documents subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment
is delivered to Agent) shall be in a minimum amount (unless waived by Agent) of $1,000,000 (except such minimum amount shall not
apply to (I) an assignment or delegation by any Lender to any other Lender, an Affiliate of any Lender, or a Related Fund of such
Lender or (II) a group of new Lenders, each of which is an Affiliate of each other or a Related Fund of such new Lender to the
extent that the aggregate amount to be assigned to all such new Lenders is at least $1,000,000),

 

D.                
each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement,

 

E.                 
the parties to each assignment shall execute and deliver to Agent an Assignment and Acceptance; provided, that Borrower
and Agent may continue to deal solely and directly with the assigning Lender in connection with the interest so assigned to an
Assignee until written notice of such assignment, together with payment instructions, addresses, and related information with
respect to the Assignee, have been given to Borrower and Agent by such Lender and the Assignee,

 

F.                 
unless waived by Agent, the assigning Lender or Assignee has paid to Agent, for Agent’s separate account, a processing
fee in the amount of $3,500, and

 

G.                
the assignee, if it is not a Lender, shall deliver to Agent an Administrative Questionnaire in a form approved by Agent
(the “Administrative Questionnaire”).

 

(b)               
From and after the date that Agent receives the executed Assignment and Acceptance and, if applicable, payment of the required
processing fee, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have
been assigned to it pursuant to such Assignment and Acceptance, shall be a “Lender” and shall have the rights and
obligations of a Lender under the Loan Documents (and for the avoidance of doubt, shall have no greater rights under Section
‎16 than the assigning Lender), and (ii) the assigning Lender shall, to the extent that rights and obligations hereunder
and under the other Loan Documents have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights
(except with respect to Section ‎10.3) and be released from any future obligations under this Agreement (and in the
case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations
under this Agreement and the other Loan Documents, such Lender shall cease to be a party hereto and thereto); provided,
that nothing contained herein shall release any assigning Lender from obligations that survive the termination of this Agreement,
including such assigning Lender’s obligations under Section ‎15, Section ‎16 and Section ‎17.9(a).

 

(c)               
[Reserved].

 

(d)               
Immediately upon Agent’s receipt of the required processing fee, if applicable, and delivery of notice to the assigning
Lender pursuant to Section ‎13.1(b), this Agreement shall be deemed to be amended to the extent, but only to the extent,
necessary to reflect the addition of the 

 

    51

    

    

Assignee
and the resulting adjustment of the Commitments arising therefrom. The Commitment allocated to each Assignee shall reduce such
Commitments of the assigning Lender pro tanto.

 

(e)               
Any Lender may at any time sell to one or more commercial banks, financial institutions, or other Persons (a “Participant”)
participating interests in all or any portion of its Obligations, its Commitment, and the other rights and interests of that Lender
(the “Originating Lender”) hereunder and under the other Loan Documents; provided, that (i) the Originating
Lender shall remain a “Lender” for all purposes of this Agreement and the other Loan Documents and the Participant
receiving the participating interest in the Obligations, the Commitments, and the other rights and interests of the Originating
Lender hereunder shall not constitute a “Lender” hereunder or under the other Loan Documents and the Originating Lender’s
obligations under this Agreement shall remain unchanged, (ii) the Originating Lender shall remain solely responsible for the performance
of such obligations, (iii) Borrower, Agent, and the Lenders shall continue to deal solely and directly with the Originating Lender
in connection with the Originating Lender’s rights and obligations under this Agreement and the other Loan Documents, (iv)
no Lender shall transfer or grant any participating interest under which the Participant has the right to approve any amendment
to, or any consent or waiver with respect to, this Agreement or any other Loan Document, except to the extent such amendment to,
or consent or waiver with respect to this Agreement or of any other Loan Document would (A) extend the final maturity date
of the Obligations hereunder in which such Participant is participating, (B) reduce the interest rate applicable to the Obligations
hereunder in which such Participant is participating, (C) release all or substantially all of the Collateral or guaranties
(except to the extent expressly provided herein or in any of the Loan Documents) supporting the Obligations hereunder in which
such Participant is participating, (D) postpone the payment of, or reduce the amount of, the interest or fees payable to such
Participant through such Lender (other than a waiver of default interest), or (E) decreases the amount or postpones the due dates
of scheduled principal repayments or prepayments or premiums payable to such Participant through such Lender, (v) no participation
shall be sold to a natural person, (vi) no participation shall be sold to a Loan Party or an Affiliate of a Loan Party, and (vii)
all amounts payable by Borrower hereunder shall be determined as if such Lender had not sold such participation, except that,
if amounts outstanding under this Agreement are due and unpaid, or shall have been declared or shall have become due and payable
upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of set off in respect of its participating
interest in amounts owing under this Agreement to the same extent as if the amount of its participating interest were owing directly
to it as a Lender under this Agreement. The rights of any Participant only shall be derivative through the Originating Lender
with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents
or any direct rights as to the other Lenders, Agent, Borrower, the Collateral, or otherwise in respect of the Obligations. No
Participant shall have the right to participate directly in the making of decisions by the Lenders among themselves. Each Lender
that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register
on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of
any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or
its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United
States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender
shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes
of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as administrative
agent) shall have no responsibility for maintaining a Participant Register.

 

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(f)                
In connection with any such assignment or participation or proposed assignment or participation or any grant of a security
interest in, or pledge of, its rights under and interest in this Agreement, a Lender may, subject to the provisions of Section
‎17.9, disclose all documents and information which it now or hereafter may have relating to Borrower and its Subsidiaries
and their respective businesses.

 

(g)               
Any other provision in this Agreement notwithstanding, any Lender may at any time create a security interest in, or pledge,
all or any portion of its rights under and interest in this Agreement in favor of any Federal Reserve Bank in accordance with
Regulation A of the Federal Reserve Bank or U.S. Treasury Regulation 31 CFR §203.24, and such Federal Reserve Bank may enforce
such pledge or security interest in any manner permitted under applicable law.

 

13.2           
Successors. This Agreement shall bind and inure to the benefit of the respective successors and assigns of
each of the parties; provided, that Borrower may not assign this Agreement or any rights or duties hereunder without the
Lenders’ prior written consent and any prohibited assignment shall be absolutely void ab initio. No consent to assignment
by the Lenders shall release Borrower from its Obligations. A Lender may assign this Agreement and the other Loan Documents and
its rights and duties hereunder and thereunder pursuant to Section 13.1 and, except as expressly required pursuant to Section
‎13.1, no consent or approval by Borrower is required in connection with any such assignment.

 

14.            AMENDMENTS;
WAIVERS.

 

14.1           
Amendments and Waivers.

 

(a)               
No amendment, waiver or other modification of any provision of this Agreement or any other Loan Document, and no consent
with respect to any departure by Borrower or any of its Subsidiaries therefrom, shall be effective unless the same shall be in
writing and signed by the Required Lenders (or by Agent at the written request of the Required Lenders) and the Loan Parties that
are party thereto and then any such waiver or consent shall be effective, but only in the specific instance and for the specific
purpose for which given; provided, that no such waiver, amendment, or consent shall, unless in writing and signed by all
of the Lenders directly affected thereby and all of the Loan Parties that are party thereto, do any of the following:

 

(i)                
increase the amount of or extend the expiration date of any Commitment of any Lender or amend, modify, or eliminate Section
‎2.4(c)(i),

 

(ii)              
postpone or delay any date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees,
or other amounts due hereunder or under any other Loan Document,

 

(iii)            
reduce the principal of, or the rate of interest on, any loan or other extension of credit hereunder, or reduce any fees
or other amounts payable hereunder or under any other Loan Document (except in connection with the waiver of applicability of
Section ‎2.6(c) (which waiver shall be effective with the written consent of the Required Lenders)),

 

(iv)             
amend, modify, or eliminate this Section or any provision of this Agreement providing for consent or other action by all
Lenders,

 

(v)               
amend, modify or eliminate Section 3.5,

 

(vi)             
amend any provisions in Section 15.11 that relate to release of Agent’s Liens,

 

    53

    

    

(vii)           
other than as permitted by Section ‎15.11, release Agent’s Lien in and to any of the Collateral,

 

(viii)         
amend, modify, or eliminate the definitions of “Required Lenders” or “Pro Rata Share”,

 

(ix)             
contractually subordinate any of Agent’s Liens (unless otherwise expressly permitted under this Agreement),

 

(x)               
other than in connection with a merger, liquidation, dissolution or sale of such Person expressly permitted by the terms
hereof or the other Loan Documents, release Borrower or any Guarantor from any obligation for the payment of money or consent
to the assignment or transfer by Borrower or any Guarantor of any of its rights or duties under this Agreement or the other Loan
Documents, or

 

(xi)             
amend, modify, or eliminate any of the provisions of Section ‎2.4(b)(i), ‎(ii) or ‎(iii), and

 

(b)               
No amendment, waiver, modification, or consent shall amend, modify, waive, or eliminate, any provision of Section ‎15
pertaining to Agent, or any other rights or duties of Agent under this Agreement or the other Loan Documents, without the
written consent of Agent, Borrower, and the Required Lenders.

 

Anything
in this Section ‎14.1 to the contrary notwithstanding, any amendment, waiver, modification, elimination, or consent
of or with respect to any provision of this Agreement or any other Loan Document may be entered into without the consent of, or
over the objection of, any Defaulting Lender other than any of the matters governed by Section ‎14.1(a)(i) through
‎(iii) that affect such Lender.

 

14.2           
Replacement of Certain Lenders.

 

(a)               
If (i) any action to be taken by the Lender Group or Agent hereunder requires the consent, authorization, or agreement
of all Lenders or all Lenders affected thereby and if such action has received the consent, authorization, or agreement of the
Required Lenders but not of all Lenders or all Lenders affected thereby, or (ii) any Lender makes a claim for compensation under
Section ‎16, then Borrower or Agent, upon at least five (5) Business Days prior irrevocable notice, may permanently
replace any Lender that failed to give its consent, authorization, or agreement (a “Non-Consenting Lender”)
or any Lender that made a claim for compensation (a “Tax Lender”) with one or more Replacement Lenders, and
the Non-Consenting Lender or Tax Lender, as applicable, shall have no right to refuse to be replaced hereunder. Such notice to
replace the Non-Consenting Lender or Tax Lender, as applicable, shall specify an effective date for such replacement, which date
shall not be later than fifteen (15) Business Days after the date such notice is given.

 

(b)               
Prior to the effective date of such replacement, the Non-Consenting Lender or Tax Lender, as applicable, and each Replacement
Lender shall execute and deliver an Assignment and Acceptance, subject only to the Non-Consenting Lender or Tax Lender, as applicable,
being repaid in full its share of the outstanding Obligations (without any premium or penalty of any kind whatsoever, but including
all interest, fees and other amounts that may be due and payable in respect thereof. If the Non-Consenting Lender or Tax Lender,
as applicable, shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such
replacement, Agent may, but shall not be required to, execute and deliver such Assignment and Acceptance in the name or and on
behalf of the Non-Consenting Lender or Tax Lender, as applicable, and irrespective of whether Agent executes and delivers such
Assignment and Acceptance, the Non-Consenting Lender or Tax Lender, as 

 

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applicable,
shall be deemed to have executed and delivered such Assignment and Acceptance. The replacement of any Non-Consenting Lender or
Tax Lender, as applicable, shall be made in accordance with the terms of Section ‎13.1. Until such time as one or more
Replacement Lenders shall have acquired all of the Obligations, the Commitments, and the other rights and obligations of the Non-Consenting
Lender or Tax Lender, as applicable, hereunder and under the other Loan Documents, the Non-Consenting Lender or Tax Lender, as
applicable, shall remain obligated to make the Non-Consenting Lender’s or Tax Lender’s, as applicable, Pro Rata Share
of Loans.

 

14.3           
No Waivers; Cumulative Remedies. No failure by Agent or any Lender to exercise any right, remedy, or option
under this Agreement or any other Loan Document, or delay by Agent or any Lender in exercising the same, will operate as a waiver
thereof. No waiver by Agent or any Lender will be effective unless it is in writing, and then only to the extent specifically
stated. No waiver by Agent or any Lender on any occasion shall affect or diminish Agent’s and each Lender’s rights
thereafter to require strict performance by Borrower or any of its Subsidiaries, as applicable, of any provision of this Agreement
or any other Loan Document. Agent’s and each Lender’s rights under this Agreement and the other Loan Documents will
be cumulative and not exclusive of any other right or remedy that Agent or any Lender may have.

 

15.           AGENT;
THE LENDER GROUP.

 

15.1           
Appointment and Authorization of Agent. Each Lender hereby designates and appoints Cantor Fitzgerald Securities
as its agent under this Agreement and the other Loan Documents and each Lender hereby irrevocably authorizes Agent to execute
and deliver each of the other Loan Documents on its behalf and to take such other action on its behalf under the provisions of
this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to
Agent by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably incidental thereto.
Agent agrees to act as agent for and on behalf of the Lenders on the conditions contained in this Section 15. Any provision
to the contrary contained elsewhere in this Agreement or in any other Loan Document notwithstanding, Agent shall not have any
duties or responsibilities, except those expressly set forth herein or in the other Loan Documents which shall be ministerial
and administrative in nature. Without limiting the generality of the foregoing, the Agent (a) shall not be subject to any fiduciary
or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing; (b) shall not
have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Agent is required to exercise as directed in writing by the Required
Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents);
provided that, the Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may
expose the Agent to liability with respect to which it is not indemnified or that is contrary to any Loan Document or applicable
law, including, for the avoidance of doubt, any debtor relief law applicable to any Defaulting Lender; and (c) shall not, except
as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure
to disclose, any information relating to the Loan Parties or any of its Affiliates that is communicated to or obtained by the
Person serving as the Agent or any of its Affiliates in any capacity. Without limiting the generality of the foregoing, the use
of the term “agent” in this Agreement or the other Loan Documents with reference to Agent is not intended to connote
any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term
is used merely as a matter of market custom, and is intended to create or reflect only a representative relationship between independent
contracting parties. Each Lender hereby further authorizes Agent to act as the secured party under each of the Loan Documents
that create a Lien on any item of Collateral. Except as expressly otherwise provided in this Agreement, Agent shall have and may
use its sole discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining
from

 

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taking
any actions that Agent expressly is entitled to take or assert under or pursuant to this Agreement and the other Loan Documents.
Without limiting the generality of the foregoing, or of any other provision of the Loan Documents that provides rights or powers
to Agent, Lenders agree that Agent shall have the right, but not the duty (to the extent exercise of the following would constitute
the taking of a discretionary action or the exercise any discretionary powers), to exercise the following powers as long as this
Agreement remains in effect: (a) maintain, in accordance with its customary business practices, ledgers and records reflecting
the status of the Obligations, the Collateral, payments and proceeds of Collateral, and related matters, (b) execute or file any
and all financing or similar statements or notices, amendments, renewals, supplements, documents, instruments, proofs of claim,
notices and other written agreements with respect to the Loan Documents, (c) make Loans, for itself or on behalf of Lenders, as
provided in the Loan Documents, (d) exclusively receive, apply, and distribute payments and proceeds of the Collateral as provided
in the Loan Documents, (e) open and maintain such bank accounts and cash management arrangements as Agent deems necessary and
appropriate in accordance with the Loan Documents for the foregoing purposes, (f) perform, exercise, and enforce any and
all other rights and remedies of the Lender Group with respect to Borrower or its Subsidiaries, the Obligations, the Collateral,
or otherwise related to any of same as provided in the Loan Documents, and (g) incur and pay such Lender Group Expenses as Agent
may deem necessary or appropriate for the performance and fulfillment of its functions and powers pursuant to the Loan Documents.

 

15.2           
Delegation of Duties. Agent may execute any of its duties under this Agreement or any other Loan Document
by or through agents, employees or attorneys in fact (each, a “Sub-Agent”) and shall be entitled to advice
of counsel concerning all matters pertaining to such duties. Agent and any such Sub-Agent may perform any and all of its duties
and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article
15 shall apply to any such Sub-Agent and to the Related Parties of the Agent and any such Sub-Agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities under this Agreement as well as activities as
such Agent. Agent shall not be responsible for the negligence or conduct of any Sub-Agent that it selects as long as such selection
was made without gross negligence or willful misconduct.

 

15.3           
Liability of Agent. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted
to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated
hereby (except for its own gross negligence or willful misconduct as determined by a final and non-appealable judgment of a court
of competent jurisdiction), or (b) be responsible in any manner to any of the Lenders for any recital, statement, representation
or warranty made by Borrower or any of its Subsidiaries or Affiliates, or any officer or director thereof, contained in this Agreement
or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received
by Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of Borrower or its Subsidiaries
or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under
any obligation to any Lenders to ascertain or to inquire as to (i) the observance or performance of any of the agreements contained
in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of Borrower
or its Subsidiaries, (ii) any statement, warranty or representation made by any other Person in or in connection with this Agreement
or any other Loan Document, (iii) the contents of any certificate, report or other document delivered hereunder or thereunder
or in connection herewith or therewith, (iv) the performance or observance of any of the covenants, agreements or other terms
or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (v) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or the
creation, perfection or priority of any Lien purported to be created by the Guaranty and Security Agreement or any other Loan
Document, (v) the value or the sufficiency of any Collateral, or

 

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(vi)
the satisfaction of any condition set forth in Article 3 or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Agent.

 

15.4           
Reliance by Agent. Agent shall be entitled to rely, and shall be fully protected in relying, and shall not
incur any liability for relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, telefacsimile
or other electronic method of transmission, telex or telephone message, statement or other document or conversation believed by
it to be genuine and correct and to have been signed, sent, or made by the proper Person or Persons, and upon advice and statements
of legal counsel (including counsel to Borrower or counsel to any Lender), independent accountants and other experts selected
by Agent. The Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by
the proper Person, and shall not incur any liability for relying thereon. Agent shall be fully justified in failing or refusing
to take any action under this Agreement or any other Loan Document unless Agent shall first receive such advice or concurrence
of the Lenders as it deems appropriate and until such instructions are received, Agent shall act, or refrain from acting, as it
deems advisable. If Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Lenders against any
and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. Agent shall
in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance
with a request or consent of the Required Lenders and such request and any action taken or failure to act pursuant thereto shall
be binding upon all of the Lenders.

 

15.5           
Notice of Default or Event of Default. Agent shall not be deemed to have knowledge or notice of the occurrence
of any Default or Event of Default unless and until notice describing such Default or Event of Default is given to the Agent in
writing by the Loan Parties or a Lender. Agent promptly will notify the Lenders of its receipt of any such notice or of any Event
of Default of which Agent has actual knowledge. If any Lender obtains actual knowledge of any Event of Default, such Lender promptly
shall notify the other Lenders and Agent of such Event of Default. Each Lender shall be solely responsible for giving any notices
to its Participants, if any. Subject to Section 15.4, Agent shall take such action with respect to such Default or Event
of Default as may be requested by the Required Lenders in accordance with Section 9; provided, that unless and until
Agent has received any such request, Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default or Event of Default as it shall deem advisable. In no event shall the Agent be required to comply
with any such directions to the extent that the Agent believes that its compliance with such directions would be unlawful.

 

15.6           
Credit Decision. Each Lender acknowledges that none of the Agent-Related Persons has made any representation
or warranty to it, and that no act by Agent hereinafter taken, including any review of the affairs of Borrower and its Subsidiaries
or Affiliates, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender. Each Lender
represents to Agent that it has, independently and without reliance upon any Agent-Related Person and based on such due diligence,
documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects,
operations, property, financial and other condition and creditworthiness of Borrower or any other Person party to a Loan Document,
and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter into
this Agreement and to extend credit to Borrower. Each Lender also represents that it will, independently and without reliance
upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to
make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan
Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property,
financial and other condition and creditworthiness of Borrower or any other Person party to a Loan Document. Except for notices,
reports, and other documents expressly herein required to be furnished to

 

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the
Lenders by Agent, Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning
the business, prospects, operations, property, financial and other condition or creditworthiness of Borrower or any other Person
party to a Loan Document that may come into the possession of any of the Agent-Related Persons. Each Lender acknowledges that
Agent does not have any duty or responsibility, either initially or on a continuing basis (except to the extent, if any, that
is expressly specified herein) to provide such Lender with any credit or other information with respect to Borrower, its Affiliates
or any of their respective business, legal, financial or other affairs, and irrespective of whether such information came into
Agent’s or its Affiliates’ or representatives’ possession before or after the date on which such Lender became
a party to this Agreement.

 

15.7           
Costs and Expenses; Indemnification. Agent may incur and pay Lender Group Expenses to the extent Agent reasonably
deems necessary or appropriate for the performance and fulfillment of its functions, powers, and obligations pursuant to the Loan
Documents, including court costs, attorneys’ fees and expenses (limited, in the case of legal fees and expenses, to reasonable
and documented fees and expenses of one counsel to the Agent, any Sub-Agent and the Lenders (taken as a whole) in each material
or relevant jurisdiction (unless (x) a conflict or potential conflict exists as determined in the reasonable judgment of any such
party in which case(s) the fees, charges and disbursements of reasonably necessary additional counsel for all such affected parties
shall be covered, (y) special regulatory counsel is necessary as determined in the reasonable judgment of the Agent or the Required
Lenders, in which case the fees and expenses of such regulatory counsel shall be covered or (z) an Event of Default exists)),
fees and expenses of financial accountants, advisors, consultants, and appraisers, costs of collection by outside collection agencies,
auctioneer fees and expenses, and costs of security guards or insurance premiums paid to maintain the Collateral, whether or not
Borrower is obligated to reimburse Agent or Lenders for such expenses pursuant to this Agreement or otherwise. Agent is authorized
and directed to deduct and retain sufficient amounts from payments or proceeds of the Collateral received by Agent to reimburse
Agent for such out-of-pocket costs and expenses prior to the distribution of any amounts to Lenders. In the event Agent is not
reimbursed for such costs and expenses by Borrower or its Subsidiaries, each Lender hereby agrees that it is and shall be obligated
to pay to Agent such Lender’s ratable thereof. Whether or not the transactions contemplated hereby are consummated, each
of the Lenders, on a ratable basis, shall indemnify and defend the Agent-Related Persons (to the extent not reimbursed by or on
behalf of Borrower or any other Loan Party and without limiting the obligation of Borrower or any other Loan Party to do so) from
and against any and all Indemnified Liabilities; provided, that no Lender shall be liable for the payment to any Agent-Related
Person of any portion of such Indemnified Liabilities resulting solely from such Agent-Related Person’s gross negligence
or willful misconduct nor shall any Lender be liable for the obligations of any Defaulting Lender in failing to make a Loan or
other extension of credit hereunder. Without limitation of the foregoing, each Lender shall reimburse Agent upon demand for such
Lender’s ratable share of any costs or out of pocket expenses (including attorneys, accountants, advisors, and consultants
fees and expenses) incurred by Agent in connection with the preparation, execution, delivery, administration, modification, amendment,
or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement or any other Loan Document to the extent that Agent is not reimbursed for such expenses by or on behalf
of Borrower or any other Loan Party. The undertaking in this Section shall survive the payment of all Obligations hereunder and
the resignation or replacement of Agent.

 

15.8           
Agent in Individual Capacity.  Cantor Fitzgerald Securities and its Affiliates may make loans to, issue letters
of credit for the account of, accept deposits from, provide bank products to, acquire Equity Interests in, and generally engage
in any kind of banking, trust, financial advisory, underwriting, or other business with Borrower and its Subsidiaries and Affiliates
and any other Person party to any Loan Document as though Cantor Fitzgerald Securities were not Agent hereunder, and, in each
case, without notice to or consent of the other members of the Lender Group. The other members of the Lender

 

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Group
acknowledge that, pursuant to such activities, Cantor Fitzgerald Securities or its Affiliates may receive information regarding
Borrower or its Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor
of Borrower or such other Person and that prohibit the disclosure of such information to the Lenders, and the Lenders acknowledge
that, in such circumstances (and in the absence of a waiver of such confidentiality obligations, which waiver Agent will use its
reasonable best efforts to obtain), Agent shall not be under any obligation to provide such information to them. The terms “Lender”
and “Lenders” include Cantor Fitzgerald Securities in its individual capacity, to the extent Cantor Fitzgerald Securities
is party hereto as a Lender at the relevant time of determination.

 

15.9           
Successor Agent. Agent may resign as Agent upon 30 days prior written notice to the Lenders (unless such
notice is waived by the Required Lenders) and Borrower (unless such notice is waived by Borrower). If Agent resigns under this
Agreement, the Required Lenders shall be entitled, with (so long as no Event of Default has occurred and is continuing) the consent
of Borrower (such consent not to be unreasonably withheld, delayed, or conditioned), appoint a successor Agent for the Lenders.
If no successor Agent is appointed prior to the effective date of the resignation of Agent, Agent may appoint, after consulting
with the Lenders and Borrower, a successor Agent. If Agent has materially breached or failed to perform any material provision
of this Agreement or of applicable law, the Required Lenders may agree in writing to remove and replace Agent with a successor
Agent from among the Lenders with (so long as no Event of Default has occurred and is continuing) the consent of Borrower (such
consent not to be unreasonably withheld, delayed, or conditioned). In any such event, upon the acceptance of its appointment as
successor Agent hereunder, such successor Agent shall succeed to all the rights, powers, and duties of the retiring Agent and
the term “Agent” shall mean such successor Agent and the retiring Agent’s appointment, powers, and duties as
Agent shall be terminated. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Section
‎15 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.
If no successor Agent has accepted appointment as Agent by the date which is 30 days following a retiring Agent’s notice
of resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform
all of the duties of Agent hereunder until such time, if any, as the Lenders appoint a successor Agent as provided for above.

 

15.10       
Lender in Individual Capacity. Any Lender and its respective Affiliates may make loans to, issue letters
of credit for the account of, accept deposits from, provide bank products to, acquire Equity Interests in and generally engage
in any kind of banking, trust, financial advisory, underwriting, or other business with Borrower and its Subsidiaries and Affiliates
and any other Person party to any Loan Documents as though such Lender were not a Lender hereunder without notice to or consent
of the other members of the Lender Group. The other members of the Lender Group acknowledge that, pursuant to such activities,
such Lender and its respective Affiliates may receive information regarding Borrower or its Affiliates or any other Person party
to any Loan Documents that is subject to confidentiality obligations in favor of Borrower or such other Person and that prohibit
the disclosure of such information to the Lenders, and the Lenders acknowledge that, in such circumstances (and in the absence
of a waiver of such confidentiality obligations, which waiver such Lender will use its reasonable best efforts to obtain), such
Lender shall not be under any obligation to provide such information to them.

 

15.11       
Collateral Matters.

 

(a)               
The Lenders hereby irrevocably authorize Agent to release any Lien on any Collateral (other than the Zohydro Assets and
any material Intellectual Property that constitutes Collateral, except in the case of clause (i) or if all of the Lenders have
expressly consented thereto in writing) (i) upon the termination of the Commitments and payment and satisfaction in full by Borrower
of all of the Obligations, (ii) constituting property being sold or disposed of if a release is required or 

 

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desirable
in connection therewith and if Borrower certifies to Agent that (x) the sale or disposition is permitted under Section ‎6.4
and (y) following such sale or disposition, such property no longer constitutes Collateral and is not required to be pledged
as Collateral pursuant to this Agreement or any of the Loan Documents (and Agent may rely conclusively on any such certificate,
without further inquiry), (iii) constituting property in which Borrower or its Subsidiaries owned no interest at the time Agent’s
Lien was granted nor at any time thereafter, (iv) constituting property leased or licensed to Borrower or its Subsidiaries
under a lease or license that has expired or is terminated in a transaction permitted under this Agreement and such property no
longer constitutes Collateral and is not required to be pledged as Collateral pursuant to this Agreement or the other Loan Documents,
or (v) in connection with a credit bid or purchase authorized under this Section ‎15.11. The Loan Parties and the Lenders
hereby irrevocably authorize Agent, based upon the instruction of the Required Lenders, to (a) consent to the sale of, credit
bid, or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale
thereof conducted under the provisions of the Bankruptcy Code, including Section 363 of the Bankruptcy Code, (b) credit bid or
purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale or other
disposition thereof conducted under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code, or
(c) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at
any other sale or foreclosure conducted or consented to by Agent in accordance with applicable law in any judicial action or proceeding
or by the exercise of any legal or equitable remedy. In connection with any such credit bid or purchase, (i) the Obligations owed
to the Lenders shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent
or unliquidated claims being estimated for such purpose if the fixing or liquidation thereof would not impair or unduly delay
the ability of Agent to credit bid or purchase at such sale or other disposition of the Collateral and, if such contingent or
unliquidated claims cannot be estimated without impairing or unduly delaying the ability of Agent to credit bid at such sale or
other disposition, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the Collateral that
is the subject of such credit bid or purchase) and the Lenders whose Obligations are credit bid shall be entitled to receive interests
(ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so credit
bid) in the Collateral that is the subject of such credit bid or purchase (or in the Equity Interests of the any entities that
are used to consummate such credit bid or purchase), and (ii) Agent, based upon the instruction of the Required Lenders, may accept
non-cash consideration, including debt and equity securities issued by any entities used to consummate such credit bid or purchase
and in connection therewith Agent may reduce the Obligations owed to the Lenders (ratably based upon the proportion of their Obligations
credit bid in relation to the aggregate amount of Obligations so credit bid) based upon the value of such non-cash consideration.
Except as provided above, Agent will not execute and deliver a release of any Lien on any Collateral without the prior written
authorization of (y) if the release is of all or substantially all of the Collateral, all of the Lenders, or (z) otherwise, the
Required Lenders. Upon request by Agent or Borrower at any time, the Lenders will confirm in writing Agent’s authority to
release any such Liens on particular types or items of Collateral expressly permitted to be released pursuant to this Section
‎15.11; provided, that (1) anything to the contrary contained in any of the Loan Documents notwithstanding, Agent
shall not be required to execute any document or take any action necessary to evidence such release on terms that, in Agent’s
opinion, could expose Agent to liability or create any obligation or entail any consequence other than the release of such Lien
without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the Obligations
or any Liens (other than those expressly released) upon (or obligations of Borrower or any of its Subsidiaries in respect of)
any and all interests retained by Borrower or any of its Subsidiaries, including, the proceeds of any sale, all of which shall
continue to constitute part of the Collateral. Each Lender further hereby irrevocably authorizes Agent, at its option and in its
sole discretion, to subordinate any Lien granted to or held by Agent under any Loan Document to the holder of any Permitted Collateral
Lien on such property if such Permitted Collateral Lien secures Permitted Purchase Money Indebtedness.

 

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(b)               
Agent shall have no obligation whatsoever to any of the Lenders (i) to verify or assure that the Collateral exists or is
owned by Borrower or its Subsidiaries or is cared for, protected, or insured or has been encumbered, (ii) to verify or assure
that Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled
to any particular priority, (iii) to verify or assure that any particular items of Collateral meet the eligibility criteria applicable
in respect thereof, (iv) to impose, maintain, increase, reduce, implement, or eliminate any particular reserve hereunder or to
determine whether the amount of any reserve is appropriate or not, or (v) to exercise at all or in any particular manner or under
any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available
to Agent pursuant to any of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act,
omission, or event related thereto, subject to the terms and conditions contained herein, Agent may act in any manner it may deem
appropriate, in its sole discretion given Agent’s own interest in the Collateral in its capacity as one of the Lenders and
that Agent shall have no other duty or liability whatsoever to any Lender as to any of the foregoing, except as otherwise expressly
provided herein.

 

15.12       
Restrictions on Actions by Lenders; Sharing of Payments.

 

(a)               
Each of the Lenders agrees that it shall not, without the express written consent of Agent, and that it shall, to the extent
it is lawfully entitled to do so, upon the written request of Agent, set off against the Obligations, any amounts owing by such
Lender to Borrower or its Subsidiaries or any deposit accounts of Borrower or its Subsidiaries now or hereafter maintained with
such Lender. Each of the Lenders further agrees that it shall not, unless specifically requested to do so in writing by Agent,
take or cause to be taken any action, including, the commencement of any legal or equitable proceedings to enforce any Loan Document
against Borrower or any Guarantor or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral.

 

(b)               
If, at any time or times any Lender shall receive (i) by payment, foreclosure, setoff, or otherwise, any proceeds of Collateral
or any payments with respect to the Obligations, except for any such proceeds or payments received by such Lender from Agent pursuant
to the terms of this Agreement, or (ii) payments from Agent in excess of such Lender’s Pro Rata Share of all such distributions
by Agent, such Lender promptly shall (A) turn the same over to Agent, in kind, and with such endorsements as may be required to
negotiate the same to Agent, or in immediately available funds, as applicable, for the account of all of the Lenders and for application
to the Obligations in accordance with the applicable provisions of this Agreement, or (B) purchase, without recourse or warranty,
an undivided interest and participation in the Obligations owed to the other Lenders so that such excess payment received shall
be applied ratably as among the Lenders in accordance with their Pro Rata Shares; provided, that to the extent that such
excess payment received by the purchasing party is thereafter recovered from it, those purchases of participations shall be rescinded
in whole or in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing
party, but without interest except to the extent that such purchasing party is required to pay interest in connection with the
recovery of the excess payment.

 

15.13       
Agency for Perfection. Agent hereby appoints each other Lender as its agent (and each Lender hereby accepts
such appointment) for the purpose of perfecting Agent’s Liens in assets which, in accordance with Article ‎8 or Article
‎9, as applicable, of the Code can be perfected by possession or control. Should any Lender obtain possession or control of
any such Collateral, such Lender shall notify Agent thereof, and, promptly upon Agent’s request therefor shall deliver possession
or control of such Collateral to Agent or in accordance with Agent’s instructions.

 

15.14       
Payments by Agent to the Lenders. All payments to be made by Agent to the Lenders shall be made by bank wire
transfer of immediately available funds pursuant to such wire transfer

 

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instructions
as each party may designate for itself by written notice to Agent. Concurrently with each such payment, Agent shall identify whether
such payment (or any portion thereof) represents principal, premium, fees, or interest of the Obligations.

 

15.15       
Concerning the Collateral and Related Loan Documents. Each member of the Lender Group authorizes and directs
Agent to enter into this Agreement and the other Loan Documents. Each member of the Lender Group agrees that any action taken
by Agent in accordance with the terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise
by Agent of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall
be binding upon all of the Lenders.

 

15.16       
Confidentiality; Disclaimers by Lenders; Other Reports and Information. By becoming a party to this Agreement,
each Lender agrees to keep all material, non-public information regarding Borrower and its Subsidiaries and their operations,
assets, and existing and contemplated business plans in a confidential manner in accordance with Section ‎17.9. In
addition to the foregoing, (x) any Lender may from time to time request of Agent in writing that Agent provide to such Lender
a copy of any report or document provided by Borrower or its Subsidiaries to Agent that has not been contemporaneously provided
by Borrower or such Subsidiary to such Lender, and, upon receipt of such request, Agent promptly shall provide a copy of same
to such Lender, (y) to the extent that Agent is entitled, under any provision of the Loan Documents, to request additional reports
or information from Borrower or its Subsidiaries, any Lender may, from time to time, reasonably request Agent to exercise such
right as specified in such Lender’s notice to Agent, whereupon Agent promptly shall request of Borrower the additional reports
or information reasonably specified by such Lender, and, upon receipt thereof from Borrower or such Subsidiary, Agent promptly
shall provide a copy of same to such Lender, and (z) any time that Agent renders to Borrower a statement regarding the Loan Account,
Agent shall send a copy of such statement to each Lender.

 

15.17       
Several Obligations; No Liability. Notwithstanding that certain of the Loan Documents now or hereafter may
have been or will be executed only by or in favor of Agent in its capacity as such, and not by or in favor of the Lenders, any
and all obligations on the part of Agent (if any) to make any credit available hereunder shall constitute the several (and not
joint) obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount
of such credit not to exceed, in principal amount, at any one time outstanding, the amount of their respective Commitments. Nothing
contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the
business, assets, profits, losses, or liabilities of any other Lender. Each Lender shall be solely responsible for notifying its
Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall
have any obligation, duty, or liability to any Participant of any other Lender. Except as provided in Section ‎15.7, no member
of the Lender Group shall have any liability for the acts of any other member of the Lender Group. No Lender shall be responsible
to Borrower or any other Person for any failure by any other Lender to fulfill its obligations to make credit available hereunder,
nor to advance for such Lender or on its behalf, nor to take any other action on behalf of such Lender hereunder or in connection
with the financing contemplated herein.

 

16.              
WITHHOLDING TAXES.

 

16.1           
Payments. All payments made by Borrower hereunder or under any note or other Loan Document will be made without
setoff, counterclaim, or other defense. In addition, all such payments will be made free and clear of, and without deduction or
withholding for, any present or future Indemnified Taxes, and in the event any deduction or withholding of Indemnified Taxes is
required, Borrower shall comply with the next sentence of this Section ‎16.1. If any Indemnified Taxes are so

 

    62

    

    

levied
or imposed, Borrower agrees to pay the full amount of such Indemnified Taxes and such additional amounts as may be necessary so
that every payment of all amounts due under this Agreement, any note, or Loan Document, including any amount paid pursuant to
this Section ‎16.1 after withholding or deduction for or on account of any Indemnified Taxes, will not be less than
the amount provided for herein. Borrower will furnish to Agent as promptly as possible after the date the payment of any Indemnified
Tax is due pursuant to applicable law, certified copies of tax receipts evidencing such payment by Borrower. Without any duplication
of any other obligation under this Section ‎16.1, Borrower agrees to pay any present or future stamp, value added or
documentary taxes or any other excise or property taxes, charges, or similar levies that arise from any payment made hereunder
or from the execution, delivery, performance, recordation, or filing of, or otherwise with respect to this Agreement or any other
Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment
made pursuant to Section 14.2).

 

16.2           
Exemptions.

 

(a)       If
a Lender or Participant is entitled to claim an exemption from applicable withholding tax in any jurisdiction, such Lender or
such Participant agrees with and in favor of Agent, to deliver to Agent (or, in the case of a Participant, to the Lender granting
the participation only) any such form or forms, as may be required under the laws of such jurisdiction as a condition to exemption
from, or reduction of, foreign withholding or backup withholding tax before receiving its first payment under this Agreement,
but only if such Lender or such Participant is legally able to deliver such forms, provided, that nothing in this Section
‎16.2(a) shall require a Lender or Participant to disclose any information that it deems to be confidential (including,
its tax returns). Each Lender and each Participant shall provide new forms (or successor forms) upon the expiration or obsolescence
of any previously delivered forms and shall promptly notify Agent (or, in the case of a Participant, notify the Lender granting
the participation only) of any change in circumstances which would modify or render invalid any claimed exemption or reduction.

 

(b)       If
a Lender or Participant claims exemption from, or reduction of, withholding tax and such Lender or Participant sells, assigns,
grants a participation in, or otherwise transfers all or part of the Obligations of Borrower to such Lender or Participant, such
Lender or Participant agrees to notify Agent (or, in the case of a sale of a participation interest, to notify the Lender granting
the participation only) of the percentage amount in which it is no longer the beneficial owner of Obligations of Borrower to such
Lender or Participant. To the extent of such percentage amount, Agent will treat such Lender’s or such Participant’s
documentation provided pursuant to Section ‎16.2(a) as no longer valid. With respect to such percentage amount, such
Participant or Assignee will provide new documentation, pursuant to Section ‎16.2(a), if applicable. Borrower agrees
that each Participant shall be entitled to the benefits of this Section ‎16 with respect to its participation in any
portion of the Commitments and the Obligations so long as such Participant complies with the obligations set forth in this Section
‎16 with respect thereto.

 

16.3           
Reductions.

 

(a)               
If a Lender or a Participant is subject to an applicable withholding tax, Agent (or, in the case of a Participant, the
Lender granting the participation) may withhold from any payment to such Lender or such Participant an amount equivalent to the
applicable withholding tax (subject to the third sentence of Section 16.1). If the forms or other documentation required by Section
‎16.2(a) are not delivered to Agent (or, in the case of a Participant, to the Lender granting the participation), then
Agent (or, in the case of a Participant, to the Lender granting the participation) may withhold from any payment to such Lender
or such Participant not providing such forms or other documentation an amount equivalent to the applicable withholding tax.

 

(b)               
If the IRS or any other Governmental Authority of the United States or other 

 

    63

    

    

jurisdiction
asserts a claim that Agent (or, in the case of a Participant, the Lender granting the participation) did not properly withhold
tax from amounts paid to or for the account of any Lender or any Participant due to a failure on the part of the Lender or any
Participant (because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify
Agent (or such Participant failed to notify the Lender granting the participation) of a change in circumstances which rendered
the exemption from, or reduction of, withholding tax ineffective, or for any other reason) such Lender shall indemnify and hold
Agent harmless (or, in the case of a Participant, such Participant shall indemnify and hold the Lender granting the participation
harmless) for all amounts paid, directly or indirectly, by Agent (or, in the case of a Participant, to the Lender granting the
participation), as tax or otherwise, including penalties and interest, and including any taxes imposed by any jurisdiction on
the amounts payable to Agent (or, in the case of a Participant, to the Lender granting the participation only) under this Section
‎16, together with all costs and expenses (including attorneys’ fees and expenses). The obligation of the Lenders
and the Participants under this subsection shall survive the payment of all Obligations and the resignation or replacement of
Agent.

 

16.4           
Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified
Taxes to which Borrower has paid additional amounts pursuant to this Section ‎16, it shall pay over such refund to
Borrower (but only to the extent of payments made, or additional amounts paid, by Borrower under this Section ‎16 with
respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without
interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that
Borrower, upon the request of Agent or such Lender, agrees to repay the amount paid over to Borrower (plus any penalties, interest
or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed
as a result of the willful misconduct or gross negligence of Agent hereunder) to Agent or such Lender in the event Agent or such
Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary,
this Section ‎16.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any
other information which it deems confidential) to Borrower or any other Person.

 

Subject
to Section ‎16.2(b), nothing in this Section ‎16 shall be construed as creating any obligations of Borrower
to any Participant or any rights in favor of any Participant against Borrower.

 

17.              
GENERAL PROVISIONS.

 

17.1           
Effectiveness. This Agreement shall be binding and deemed effective when executed by Borrower, Agent, and
each Lender whose signature is provided for on the signature pages hereof.

 

17.2           
Section Headings. Headings and numbers have been set forth herein for convenience only. Unless the contrary
is compelled by the context, everything contained in each Section applies equally to this entire Agreement.

 

17.3           
Interpretation. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against
the Lender Group or Borrower, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed
by all parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to accomplish
fairly the purposes and intentions of all parties hereto.

 

17.4           
Severability of Provisions. Each provision of this Agreement shall be severable from every other provision
of this Agreement for the purpose of determining the legal enforceability of any specific provision.

 

17.5           
[Reserved]. 

 

    64

    

    

17.6           
Debtor-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and the Loan
Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have)
any fiduciary relationship or duty to any Loan Party arising out of or in connection with the Loan Documents or the transactions
contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one
hand, and the Loan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.

 

17.7           
Counterparts; Electronic Execution. This Agreement may be executed in any number of counterparts and by different
parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which,
when taken together, shall constitute but one and the same Agreement. Delivery of an executed counterpart of this Agreement by
telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart
of this Agreement. Any party delivering an executed counterpart of this Agreement by telefacsimile or other electronic method
of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed
counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to
each other Loan Document mutatis mutandis.

 

17.8           
Revival and Reinstatement of Obligations; Certain Waivers. If any member of the Lender Group repays,
refunds, restores, or returns in whole or in part, any payment or property (including any proceeds of Collateral)
previously paid or transferred to such member of the Lender Group in full or partial satisfaction of any Obligation
or on account of any other obligation of any Loan Party under any Loan Document, because the payment, transfer,
or the incurrence of the obligation so satisfied is asserted or declared to be void, voidable, or otherwise recoverable under
any law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent transfers,
preferences, or other voidable or recoverable obligations or transfers (each, a “Voidable Transfer”),
or because such member of the Lender Group elects to do so on the reasonable advice of its counsel in connection with a claim
that the payment, transfer, or incurrence is or may be a Voidable Transfer, then, as to any such Voidable Transfer,
or the amount thereof that such member of the Lender Group elects to repay, restore, or return (including pursuant to
a settlement of any claim in respect thereof), and as to all reasonable costs, expenses, and attorneys’ fees of such
member of the Lender Group related thereto, (i) the liability of the Loan Parties with respect to the amount or property
paid, refunded, restored, or returned will automatically and immediately be revived, reinstated, and restored and will exist and
(ii) Agent’s Liens securing such liability shall be effective, revived, and remain in full force and effect, in
each case, as fully as if such Voidable Transfer had never been made.  If, prior to any of the foregoing, (A) Agent’s
Liens shall have been released or terminated or (B) any provision of this Agreement shall have been terminated or cancelled,
Agent’s Liens, or such provision of this Agreement, shall be reinstated in full force and effect and such prior release,
termination, cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligation of any
Loan Party in respect of such liability or any Collateral securing such liability. 

 

17.9           
Confidentiality.

 

(a)               
Agent and Lenders each individually (and not jointly or jointly and severally) agree that material, non-public information
regarding Borrower and its Subsidiaries, their operations, assets, and existing and contemplated business plans (“Confidential
Information”) shall be treated by Agent and the Lenders in a confidential manner, and shall not be disclosed by Agent
and the Lenders to Persons who are not parties to this Agreement, except: (i) to attorneys for and other advisors, accountants,
auditors, and consultants to any member of the Lender Group and to employees, directors and officers of any member of the Lender
Group (the Persons in this clause (i), “Lender Group 

 

    65

    

    

Representatives”)
on a “need to know” basis in connection with this Agreement and the transactions contemplated hereby and on a confidential
basis, (ii) to Subsidiaries and Affiliates of any member of the Lender Group, provided that any such Subsidiary or Affiliate shall
have agreed to receive such information hereunder subject to the terms of this Section ‎17.9, (iii) as may be required
by regulatory authorities so long as such authorities are informed of the confidential nature of such information, (iv) as may
be required by statute, decision, or judicial or administrative order, rule, or regulation; provided that (x) prior to
any disclosure under this clause (iv), the disclosing party agrees to provide Borrower with prior notice thereof, to the extent
that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior notice to Borrower
pursuant to the terms of the applicable statute, decision, or judicial or administrative order, rule, or regulation and (y) any
disclosure under this clause (iv) shall be limited to the portion of the Confidential Information as may be required by such statute,
decision, or judicial or administrative order, rule, or regulation, (v) as may be agreed to in advance in writing by Borrower,
(vi) as requested or required by any Governmental Authority pursuant to any subpoena or other legal process, provided, that, (x)
prior to any disclosure under this clause (vi) the disclosing party agrees to provide Borrower with prior written notice thereof,
to the extent that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior written
notice to Borrower pursuant to the terms of the subpoena or other legal process and (y) any disclosure under this clause (vi)
shall be limited to the portion of the Confidential Information as may be required by such Governmental Authority pursuant to
such subpoena or other legal process, (vii) as to any such information that is or becomes generally available to the public (other
than as a result of prohibited disclosure by Agent or the Lenders or the Lender Group Representatives), (viii) in connection with
any assignment, participation or pledge of any Lender’s interest under this Agreement, provided that prior to receipt of
Confidential Information any such assignee, participant, or pledgee shall have agreed in writing to receive such Confidential
Information either subject to the terms of this Section ‎17.9 or pursuant to confidentiality requirements substantially
similar to those contained in this Section ‎17.9 (and such Person may disclose such Confidential Information to Persons
employed or engaged by them as described in clause (i) above), (ix) in connection with any litigation or other adversary proceeding
involving parties hereto which such litigation or adversary proceeding involves claims related to the rights or duties of such
parties under this Agreement or the other Loan Documents; provided, that, prior to any disclosure to any Person (other
than any Loan Party, Agent, any Lender, any of their respective Affiliates, or their respective counsel) under this clause (ix)
with respect to litigation involving any Person (other than Borrower, Agent, any Lender, any of their respective Affiliates, or
their respective counsel), the disclosing party agrees to provide Borrower with prior written notice thereof, and (x) in connection
with, and to the extent reasonably necessary for, the exercise of any secured creditor remedy under this Agreement or under any
other Loan Document.

 

(b)               
Anything in this Agreement to the contrary notwithstanding, Agent may disclose information concerning the terms and conditions
of this Agreement and the other Loan Documents to loan syndication and pricing reporting services or in its marketing or promotional
materials, with such information to consist of deal terms and other information customarily found in such publications or marketing
or promotional materials and may otherwise use the name, logos, and other insignia of Borrower or the other Loan Parties and the
Commitments provided hereunder in any “tombstone” or other advertisements, on its website or in other marketing materials
of the Agent.

 

(c)               
The Loan Parties hereby acknowledge that Agent or its Affiliates may make available to the Lenders materials or information
provided by or on behalf of Borrower or any other Loan Party hereunder or under any other Loan Document (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks, SyndTrak or another similar electronic system (the “Platform”)
and certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public
information with respect to the Loan Parties or their securities) (each, a “Public Lender”). The Loan Parties
shall be deemed to have authorized Agent and its Affiliates and the 

 

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Lenders
to treat any Borrower Materials marked “PUBLIC” or otherwise at any time filed with the SEC as not containing any
material non-public information with respect to the Loan Parties or their securities for purposes of United States federal and
state securities laws. All Borrower Materials marked “PUBLIC” are permitted to be made available through a portion
of the Platform designated as “Public Investor” (or another similar term). Agent and its Affiliates and the Lenders
shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” or that are not at any time filed with
the SEC as being suitable only for posting on a portion of the Platform not marked as “Public Investor” (or such other
similar term).

 

(d)               
During the course of any visits, inspections, examinations and discussions, representatives of the Agent and the Lenders
may encounter individually identifiable healthcare information as defined under HIPAA, or other confidential information relating
to healthcare patients (collectively, the “Confidential Healthcare Information”). The Loan Party or relevant
Subsidiary thereof maintaining such Confidential Healthcare Information shall, consistent with HIPAA’s “minimum necessary”
provisions, permit such disclosure for their “healthcare operations” purposes.

 

17.10       
Survival. All representations and warranties made by the Loan Parties in the Loan Documents and in the certificates
or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered
to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the
making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that Agent
or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the
time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of, or any accrued
interest on, any Loan or any fee or any other amount payable under this Agreement is outstanding or unpaid and so long as the
Commitments have not expired or been terminated.

 

17.11       
Patriot Act. Each Lender that is subject to the requirements of the Patriot Act hereby notifies Borrower
and the other Loan Parties that pursuant to the requirements of the Act, it is required to obtain, verify and record information
that identifies each Loan Party, which information includes the name and address of such Loan Party and other information that
will allow such Lender to identify such Loan Party in accordance with the Patriot Act. In addition, if Agent is required by law
or regulation or internal policies to do so, it shall have the right to periodically conduct (a) Patriot Act searches, OFAC/PEP
searches, and customary individual background checks for the Loan Parties and (b) OFAC/PEP searches and customary individual background
checks for the Loan Parties’ senior management and key principals, and Borrower agrees to cooperate in respect of the conduct
of such searches and further agrees that the reasonable costs and charges for such searches shall constitute Lender Group Expenses
hereunder and be for the account of Borrower.

 

17.12       
Integration. This Agreement, together with the other Loan Documents, reflects the entire understanding of
the parties with respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other agreement,
oral or written, before the date hereof.

 

[Signature
pages to follow.]

 

    67

    

    

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written.

 

 

 

	Borrower:	PERNIX THERAPEUTICS HOLDINGS, INC.
	 	 
	 	 	 
	 	By:  	/s/ John Sedor
	 	Name: 	John Sedor
	 	Title:	Chief Executive Officer

 

 

    
[Signature Page to Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

    

    

 

 

 

		Cantor
                    Fitzgerald Securities, as Agent 

	 	 
	 	 	 
	 	By:  	/s/ James Buccola
	 	Name: 	 James Buccola
	 	Title:	Head of Fixed Income

 

 

 

    
[Signature Page to Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

    

    

	LENDERS:	 	1992 MSF INTERNATIONAL LTD.
	 	 	 
	 	 	 
	 	 	 	BY:HIGHBRIDGE CAPITAL MANAGEMENT, LLC,

    as Trading Manager
	 	 	 	 
	 	 	 	By:	/s/ Jason Hempel
	 	 	 	 	Name:Jason Hempel
	 	 	 	 	Title: Managing Director
	 	 	 	 	 
	 	 	 	By:	/s/ Jonathan Segal
	 	 	 	 	Name: Jonathan Segal
	 	 	 	 	Title:Managing Director

 

	 	 	1992 TACTICAL CREDIT MASTER FUND, L.P.
	 	 	 
	 	 	 	BY:HIGHBRIDGE CAPITAL MANAGEMENT, LLC,

    as Trading Manager
	 	 	 	 
	 	 	 	By:	/s/ Jason Hempel
	 	 	 	 	Name:Jason Hempel
	 	 	 	 	Title:Managing Director
	 	 	 	 	 
	 	 	 	By:	 /s/ Jonathan Segal 
	 	 	 	 	Name: Jonathan Segal
	 	 	 	 	Title:Managing Director

 

 

 

 

    
[Signature Page to Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

    

    

Schedule
A-1

 

Agent’s
Account

 

	Bank:	The
    Bank of New York Mellon
	ABA
    Number:	021-000-018
	Account
    Number:	8900730501
	Account
    Name:	Cantor
    Fitzgerald Securities – Bank Loan Agency
	Currency:	USD
	Legal
    Entity:	Cantor
    Fitzgerald Securities
	ATTN:	Louis
    Pagnotta
	Reference:	Agency
    – Pernix DIP

 

 

 

 

 

 

    
Schedule A-1

    

    

Schedule
A-2

 

Approved
Budget

 

[See attached]

 

 

    
Schedule A-2 

    

    

 

 

Pernix
Therapeutics

Cash Flow Forecast (USD)

 

	$ in 000s	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Week Ended	 	Post

    Forecast 2/22/2019	 	Post

    Forecast 3/1/2019	 	Post

    Forecast 3/8/2019	 	Post

    Forecast 3/15/2019	 	Post

    Forecast 3/22/2019	 	Post

    Forecast 3/29/2019	 	Post

    Forecast 4/5/2019	 	Post

    Forecast 4/12/2019	 	Post

    Forecast 4/19/2019	 	Post

    Forecast 4/26/2019	 	Post

    Forecast 5/3/2019	 	Post

    Forecast 5/10/2019	 	Post

    Forecast 5/17/2019	 	2/22
    - 5/17
 Total
	Operating Cash Flow	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Receipts	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Operating Receipts	 	$	3,276	 	 	$	2,115	 	 	$	3,548	 	 	$	3,360	 	 	$	4,065	 	 	$	5,712	 	 	$	4,216	 	 	$	3,648	 	 	$	3,352	 	 	$	2,265	 	 	$	2,231	 	 	$	2,352	 	 	$	1,962	 	 	$	42,101	 
	Miscellaneous Receipts	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 
	Total Receipts	 	$	3,276	 	 	$	2,115	 	 	$	3,548	 	 	$	3,360	 	 	$	4,065	 	 	$	5,712	 	 	$	4,216	 	 	$	3,648	 	 	$	3,352	 	 	$	2,265	 	 	$	2,231	 	 	$	2,352	 	 	$	1,962	 	 	$	42,101	 
	Disbursements	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Payroll & Benefits	 	$	(297	)	 	$	(283	)	 	$	(30	)	 	$	(271	)	 	$	(270	)	 	$	(652	)	 	$	(30	)	 	$	(271	)	 	$	(100	)	 	$	—  	 	 	$	(283	)	 	$	(30	)	 	$	(271	)	 	$	(2,790	)
	Gross to Net Disbursements	 	 	(1,482	)	 	 	(2,408	)	 	 	(1,020	)	 	 	(2,429	)	 	 	(473	)	 	 	(4,689	)	 	 	(857	)	 	 	(132	)	 	 	(2,004	)	 	 	(127	)	 	 	(1,328	)	 	 	(835	)	 	 	(1,821	)	 	 	(19,604	)
	Inventory	 	 	(1,368	)	 	 	(1,007	)	 	 	(70	)	 	 	(270	)	 	 	(70	)	 	 	(70	)	 	 	(354	)	 	 	(354	)	 	 	(554	)	 	 	(354	)	 	 	(354	)	 	 	(177	)	 	 	(377	)	 	 	(5,382	)
	Royalties	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(416	)	 	 	(416	)
	Insurance	 	 	—  	 	 	 	(155	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(77	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(77	)	 	 	—  	 	 	 	—  	 	 	 	(309	)
	Nalpropion	 	 	—  	 	 	 	—  	 	 	 	(1,459	)	 	 	(1,643	)	 	 	(768	)	 	 	(328	)	 	 	(2,210	)	 	 	(370	)	 	 	(532	)	 	 	(479	)	 	 	—  	 	 	 	316	 	 	 	—  	 	 	 	(7,474	)
	Other G&A	 	 	(402	)	 	 	(375	)	 	 	(338	)	 	 	(338	)	 	 	(338	)	 	 	(338	)	 	 	(319	)	 	 	(258	)	 	 	(258	)	 	 	(258	)	 	 	(319	)	 	 	(233	)	 	 	(233	)	 	 	(4,007	)
	Operating Disbursements	 	$	(3,548	)	 	$	(4,228	)	 	$	(2,918	)	 	$	(4,952	)	 	$	(1,921	)	 	$	(6,078	)	 	$	(3,847	)	 	$	(1,385	)	 	$	(3,447	)	 	$	(1,218	)	 	$	(2,362	)	 	$	(960	)	 	$	(3,118	)	 	$	(39,982	)
	Operating Cash Flow	 	$	(272	)	 	$	(2,112	)	 	$	630	 	 	$	(1,592	)	 	$	2,144	 	 	$	(366	)	 	$	369	 	 	$	2,262	 	 	$	(95	)	 	$	1,047	 	 	$	(131	)	 	$	1,392	 	 	$	(1,156	)	 	$	2,119	 
	Debt Service	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ABL	 	 	(328	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(328	)
	Total Debt Service	 	$	(328	)	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	(328	)
	Restructuring Costs	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DIP Loan Interest and Fees	 	 	—  	 	 	 	(19	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(161	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(132	)	 	 	—  	 	 	 	—  	 	 	 	(312	)
	Professional Fees	 	 	(1,200	)	 	 	—  	 	 	 	(100	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(974	)	 	 	—  	 	 	 	—  	 	 	 	(500	)	 	 	(2,150	)	 	 	—  	 	 	 	—  	 	 	 	(4,924	)
	Total Restructuring Costs	 	$	(1,200	)	 	$	(19	)	 	$	(100	)	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	(1,135	)	 	$	—  	 	 	$	—  	 	 	$	(500	)	 	$	(2,282	)	 	$	—  	 	 	$	—  	 	 	$	(5,236	)
	Total Disbursements	 	$	(5,076	)	 	$	(4,247	)	 	$	(3,018	)	 	$	(4,952	)	 	$	(1,921	)	 	$	(6,078	)	 	$	(4,982	)	 	$	(1,385	)	 	$	(3,447	)	 	$	(1,718	)	 	$	(4,643	)	 	$	(960	)	 	$	(3,118	)	 	$	(45,546	)
	Net Cash Flow	 	$	(1,800	)	 	$	(2,131	)	 	$	530	 	 	$	(1,592	)	 	$	2,144	 	 	$	(366	)	 	$	(767	)	 	$	2,262	 	 	$	(95	)	 	$	547	 	 	$	(2,413	)	 	$	1,392	 	 	$	(1,156	)	 	$	(3,445	)
	Beginning Cash Balance	 	$	6,235	 	 	$	6,200	 	 	$	6,200	 	 	$	8,730	 	 	$	6,200	 	 	$	8,344	 	 	$	7,978	 	 	$	7,211	 	 	$	9,474	 	 	$	9,378	 	 	$	9,925	 	 	$	7,513	 	 	$	8,905	 	 	$	6,235	 
	Net Cash Flow	 	 	(1,800	)	 	 	(2,131	)	 	 	530	 	 	 	(1,592	)	 	 	2,144	 	 	 	(366	)	 	 	(767	)	 	 	2,262	 	 	 	(95	)	 	 	547	 	 	 	(2,413	)	 	 	1,392	 	 	 	(1,156	)	 	 	(3,445	)
	DIP Draw	 	 	1,765	 	 	 	2,131	 	 	 	—  	 	 	 	1,062	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4,958	 
	Ending Cash Balance (maintain $6.2m min)	 	$	6,200	 	 	$	6,200	 	 	$	6,730	 	 	$	6,200	 	 	$	8,344	 	 	$	7,978	 	 	$	7,211	 	 	$	9,474	 	 	$	9,378	 	 	$	9,925	 	 	$	7,513	 	 	$	8,905	 	 	$	7,748	 	 	$	7,748	 
	ABL Availability	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 
	Total Liquidity Before DIP Loan	 	$	6,200	 	 	$	6,200	 	 	$	6,730	 	 	$	6,200	 	 	$	8,344	 	 	$	7,978	 	 	$	7,211	 	 	$	9,474	 	 	$	9,378	 	 	$	9,925	 	 	$	7,513	 	 	$	8,905	 	 	$	7,748	 	 	$	7,748	 
	DIP Loan Balance	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Opening DIP Balance	 	$	14,189	 	 	$	15,954	 	 	$	18,085	 	 	$	18,085	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	14,189	 
	DIP Draw	 	 	1,765	 	 	 	2,131	 	 	 	—  	 	 	 	1,062	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4,958	 
	Ending DIP Loan Balance	 	$	15,954	 	 	$	18,085	 	 	$	18,085	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 	 	$	19,147	 
	Accrued but unpaid Professional Fees	 	$	(515	)	 	$	(1,074	)	 	$	(1,779	)	 	$	(2,378	)	 	$	(2,978	)	 	$	(3,577	)	 	$	(3,632	)	 	$	(4,207	)	 	$	(4,781	)	 	$	(5,356	)	 	$	(3,985	)	 	$	(4,560	)	 	$	(5,134	)	 	$	(5,134	)
	DIP Loan Availability	 	$	12,720	 	 	$	10,030	 	 	$	9,325	 	 	$	7,664	 	 	$	7,065	 	 	$	6,465	 	 	$	6,410	 	 	$	5,836	 	 	$	5,261	 	 	$	4,687	 	 	$	6,057	 	 	$	5,483	 	 	$	4,908	 	 	$	4,908	 
	Total Liquidity	 	$	18,920	 	 	$	16,230	 	 	$	16,055	 	 	$	13,864	 	 	$	15,409	 	 	$	14,443	 	 	$	13,621	 	 	$	15,309	 	 	$	14,639	 	 	$	14,612	 	 	$	13,570	 	 	$	14,388	 	 	$	12,657	 	 	$	12,657	 

 

    
Schedule A-2 

    

    

 

Schedule
A-3

 

Authorized
Persons

 

Pernix Therapeutics Holdings,
Inc.

 

		1.	John Sedor (Chief Executive Officer).

 

		2.	Kenneth Piña (Senior Vice President,
                                         Chief Legal & Compliance Officer and Corporate Secretary) (Authorized Signatory).

 

		3.	Glenn Whaley, Vice President of Finance
                                         and Principal Financial and Accounting Officer (Authorized Signatory).

 

U.S. Subsidiaries

 

		1.	John Sedor (Chief Executive Officer).

 

		2.	Glenn Whaley (Vice President of Finance,
                                         Principal Financial and Accounting Officer & Treasurer (Authorized Signatory).

 

		3.	Kenneth Piña (Senior Vice President,
                                         Chief Legal and Compliance Officer and Corporate Secretary) (Authorized Signatory).

 

    
Schedule A-3

    

    

Schedule
C-1

 

Commitments

 

	(A)
    Closing Date ABL Refinancing Commitment
	Lender	Commitment
    

    Amount	Applicable
    

    Percentage
	1992
    MSF International Ltd.	$11,220,468.02	77.24853%
	1992
    Tactical Credit Master Fund, L.P.	$3,304,685.77	22.75147%
	Total:	$14,525,153.79	100%
	 	 	 
	(B)
    Closing Date General Purpose Commitment
	Lender	Commitment
    Amount	Applicable
    Percentage
	1992
    MSF International Ltd.	$1,000,000	25%
	1992
    Tactical Credit Master Fund, L.P.	$3,000,000	75%
	Total:	$4,000,000	100%
	 	 	 
	(C)
    Delayed Draw Commitment
	Lender	Commitment
    Amount	Applicable
    Percentage
	1992
    MSF International Ltd.	$5,900,000	53.63636%
	1992
    Tactical Credit Master Fund, L.P.	$5,100,000	46.36364%
	Total:	$11,000,000	100%

    
Schedule C-1

    

    

Schedule
D-1

 

Designated
Accounts

 

	Account
    Name	Financial
    Institution(s) where Accounts Maintained	Account
    Numbers	Routing
    Number	Descriptions
    of Accounts

    / Currency
	Pernix
    Therapeutics,

    LLC	Wells
    Fargo, N.A. 

    PO Box 63020

    San Francisco, CA 94163	4540802824	121000248	Operating
    Account

    
Schedule D-1

    

    

Schedule
G-1

 

Generics
Assets

 

A.
Pernix Products

 

 

B.
Cypress Pharmaceutical, Inc. Products

 

 

    
Schedule G-1

    

    

Schedule
P-1

 

Permitted
Investments

 

Pernix Therapeutics
Holdings, Inc. – 10% interest in Nalpropion Pharmaceuticals, Inc.

 

    
Schedule P-1

    

    

Schedule
P-2

 

Permitted
Liens

 

		1.	Standard
                                         copier leases.

 

		2.	Lease
                                         for 110 Dell tablets and styluses.

 

		3.	Lien
                                         in favor of Nalpropion Pharmaceuticals, Inc. on all Pernix Therapeutics, LLC accounts
                                         arising from (i) the sale or distribution of the products, any of the services performed
                                         under the Transitional Distribution Services Agreement, dated as of January 6, 2019,
                                         between Pernix Therapeutics, LLC and Nalpropion Pharmaceuticals, Inc.; (ii) all cash
                                         and cash equivalents arising from the sale or distribution of Pernix Therapeutics, LLC’s
                                         products, (iii) specific deposit accounts and all other deposit accounts into which any
                                         cash or cash equivalent referred to in clause (ii) is deposited; (iv) all inventory of
                                         the product; (v) all required permits; and (vi) all accessions and all proceeds of any
                                         and all of the foregoing in favor of Nalpropion Pharmaceuticals, Inc.

 

		4.	The
                                         following liens in favor of Cantor Fitzgerald Securities, as the Prepetition Revolving
                                         Agent (as defined in the Credit Agreement), securing the Prepetition Revolving Obligations
                                         (as defined in the Credit Agreement):

 

		a.	Lien
                                         on all assets of GAINE, INC. by Cantor Fitzgerald Securities, as the Prepetition Revolving
                                         Agent. 

 

		b.	Lien
                                         on all assets of Cypress Pharmaceuticals, Inc. by Cantor Fitzgerald Securities, as the
                                         Prepetition Revolving Agent.

 

		c.	Lien
                                         on all assets of Hawthorn Pharmaceuticals, Inc. by Cantor Fitzgerald Securities, as the
                                         Prepetition Revolving Agent.

 

		d.	Lien
                                         on all assets of Macoven Pharmaceuticals, L.L.C. by Cantor Fitzgerald Securities, as
                                         the Prepetition Revolving Agent.

 

		e.	Lien
                                         on all assets of PERNIX SLEEP, INC. by Cantor Fitzgerald Securities, as the Prepetition
                                         Revolving Agent.

 

		f.	Lien
                                         on all assets of Pernix Therapeutics Holdings, Inc. by Cantor Fitzgerald Securities,
                                         as the Prepetition Revolving Agent.

 

		g.	Lien
                                         on all assets of Pernix Therapeutics, LLC by Cantor Fitzgerald Securities, as the Prepetition
                                         Revolving Agent. 

 

		h.	Lien
                                         on all assets of Respicopea Inc. by Cantor Fitzgerald Securities, as the Prepetition
                                         Revolving Agent.

 

		5.	The
                                         following lien in favor of Cantor Fitzgerald Securities, as the Prepetition Term Agent
                                         (as defined in the Credit Agreement), securing the Prepetition Term Obligations (as defined
                                         in the Credit Agreement):

 

		a.	Lien
                                         on all assets of Pernix Ireland Pain Designated Activity Company by Cantor Fitzgerald
                                         Securities, as the Prepetition Term Agent.

 

		6.	Lien
                                         on Pernix Therapeutics Holdings, Inc.’s right, title and interest to (i) Promissory
                                         Note, dated as of August 19, 2014, by and between Pernix Therapeutics Holdings, Inc.
                                         and Pernix Ireland Limited and (ii) 100 ordinary shares of €1.00 and all other shares
                                         in the capital of Pernix Ireland Limited in favor of U.S. Bank National Association.

 

		7.	Lien
                                         on all assets of Pernix Ireland Limited in favor of U.S. Bank National Association. 

 

    
Schedule P-2

    

    

Schedule
1.1

 

Definitions

 

As used
in the Agreement, the following terms shall have the following definitions:

 

“363
Assets” means, collectively, the Zohydro Assets, the Silenor Assets, the Generics Assets, the Treximet Assets, the Nalpropion
Assets, the Borrower Cash Assets and the Services Agreement.

 

"Acceptable
Alternative Sale Agreement" means an Overbid Sale Agreement or Replacement Sale Agreement, as the case may be, that satisfies
each of the requirements listed below and shall otherwise, in form and substance, be acceptable to Lenders in their reasonable
discretion:

 

(a)       The
agreement shall be on terms that are not more conditional and that are no less favorable to the Debtors than the terms of the
Stalking Horse Sale Agreement.

 

(b)       Without
limiting the generality of clause (a) above, the agreement shall not be subject to any diligence or financing conditions and the
proposed purchaser(s) shall have obtained all requisite corporate/organizational approvals, and has obtained, or is reasonably
likely to obtain all necessary governmental and third-party consents, within a time frame such that the contemplated sale is capable
of being consummated in accordance with the Milestones prior to the Maturity Date.

 

(c)       The
proposed purchaser(s) is/are capable of consummating the sale in accordance with the Milestones prior to the Maturity Date, after
taking into account all relevant legal, regulatory, and business considerations.

 

(d)       The
proposed purchaser(s) shall have provided such financial and other information demonstrating the proposed purchaser's or purchasers'
financial wherewithal and business capabilities to fulfill all obligations in connection with the transactions contemplated by
the agreement, including, without limitation, any equity or debt financing commitment letters.

 

(e)       The
agreement, and in the event there is more than one Replacement Sale Agreement and/or Overbid Sale Agreement, such Replacement
and/or Overbid Sale Agreements, collectively, shall provide for (i) Net Cash Proceeds in an aggregate amount sufficient for the
payment in full in cash of the Obligations after giving effect to the closing(s) of the sale(s) contemplated thereby in accordance
with the terms of such agreement(s) and (ii) except as expressly permitted by the Agreement, payment in full in cash of the Obligations
and termination of the Commitments on the closing date of the sale(s).

 

“Acceptable
Entity” means any Person that is (a) a corporation or limited liability company organized and existing under the laws
of the United States of America, any State thereof or the District of Columbia, or (b) a corporation or an entity treated as a
corporation for U.S. federal income tax purposes organized and existing under the laws of Bermuda, the Netherlands, Belgium, Switzerland,
Luxembourg, the Republic of Ireland, Canada, the United Kingdom, Sweden, Denmark or any other jurisdiction acceptable to the Required
lenders.

 

“Acceptable
Reorganization Plan” means a Reorganization Plan in the Cases that (a) provides for the payment in full in cash of the
Obligations under the Loan Documents (other than contingent indemnification obligations not yet due and payable) on the effective
date of such Reorganization Plan or such other treatment of the Obligations as the holders of such Obligations shall consent to
under the terms of such Reorganization Plan (which may be the credit bidding pursuant to the

 

    
Schedule 1.1
Page - 1- 

    

    

Stalking
Horse Sale Agreement), (b) contains release and indemnification provisions relating to the Agent and the Lenders that are reasonably
acceptable to the Agent and (c) does not contain any provisions that are materially inconsistent with the payment, release and
indemnification provisions described in the foregoing clauses (a) and (b).

 

“Account”
means an account (as that term is defined in the Code), including all health-care insurance receivables (as that term is defined
in the Code).

 

“Account
Debtor” means “account debtor”, as defined in Article 9 of the Code and any other Person who is obligated
on an Account, chattel paper, or a general intangible.

 

“Accounting
Changes” means changes in accounting principles required by the promulgation of any rule, regulation, pronouncement
or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (or successor
thereto or any agency with similar functions).

 

“Additional
Documents” has the meaning specified therefor in Section ‎5.12 of the Agreement.

 

“Administrative
Questionnaire” has the meaning specified therefor in Section ‎13.1(a) of the Agreement.

 

“Affected
Lender” has the meaning specified therefor in Section ‎2.13(b) of the Agreement.

 

“Affiliate”
means, as applied to any Person, any other Person who directly or indirectly controls, is controlled by, or is under direct or
indirect common control with, such Person. For purposes of this definition, “control” means the possession, directly
or indirectly through one or more intermediaries, of the power to direct or cause the direction of the management and policies
of a Person, whether through the ownership of Equity Interests, by contract, or otherwise, and the terms “controlling”
and “controlled” have meanings correlative to the foregoing; provided, that, for purposes of Section ‎6.10
of the Agreement: (a) any Person which owns directly or indirectly 10% or more of the Equity Interests having ordinary voting
power for the election of directors or other members of the governing body of a Person or 10% or more of the partnership or other
ownership interests of a Person (other than as a limited partner of such Person) shall be deemed an Affiliate of such Person,
(b) each director (or comparable manager) of a Person shall be deemed to be an Affiliate of such Person, and (c) each partnership
in which a Person is a general partner shall be deemed an Affiliate of such Person.

 

“Agent”
has the meaning specified therefor in the preamble to the Agreement.

 

“Agent-Related
Persons” means Agent, together with its Affiliates and the officers, directors, employees, attorneys, partners, trustees,
administers, managers, advisors, representative, Sub-Agents and agents of Agent, its Affiliates and any Sub-Agent.

 

“Agent’s
Account” means the Deposit Account of Agent identified on Schedule A-1 to the Agreement (or such other Deposit
Account of Agent that has been designated as such, in writing, by Agent to Borrower and the Lenders).

 

“Agent’s
Liens” means the Liens granted by Borrower or its Subsidiaries to Agent under the Loan Documents and securing the Obligations.

 

“Agreement”
means the Senior Secured Superpriority Debtor-In-Possession Credit

 

    
Schedule 1.1
Page - 2- 

    

    

Agreement
to which this Schedule 1.1 is attached.

 

“Anti-Terrorism
Laws” means any laws of the United States relating to terrorism or money laundering, including Executive Order No. 13224
(effective September 24, 2001), the PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered
by OFAC.

 

“Application
Event” means the occurrence of (a) a failure by Borrower to repay all of the Obligations in full on the Maturity Date,
or (b) an Event of Default and the election by Agent or the Required Lenders to accelerate all or any part of the Obligations
pursuant to Section ‎9.1 of the Agreement, or to require that payments and proceeds of Collateral be applied pursuant
to Section 2.4(b)(iii) of the Agreement.

 

“Approved
Budget” has the meaning specified therefor in the applicable DIP Order; provided that the form thereof shall be reasonably
satisfactory to the Agent and Required Lenders and any modifications to the Approved Budget shall be subject to the consent of
the Required Lenders in their sole discretion.

 

“Asset
Sale” means any sale, lease, conveyance, license, abandonment, transfer, assignment or other disposition of any property
or assets (whether in one transaction or a series of related transactions) by Borrower or any of its Subsidiaries.

 

“Assignee”
has the meaning specified therefor in Section ‎13.1(a) of the Agreement.

 

“Assignment
and Acceptance” means an Assignment and Acceptance Agreement substantially in the form of Exhibit A-1 to the
Agreement.

 

“Auction”
shall have the meaning set forth in the Sale Procedures.

 

“Authorized
Person” means any one of the individuals identified on Schedule A-3 to the Agreement, as such schedule is updated
from time to time by written notice from Borrower to Agent.

 

“Availability
Period” means the period from but excluding the Closing Date to but excluding the Maturity Date.

 

“Bank
Product” means any one or more of the following financial products or accommodations extended to Borrower or its Subsidiaries:
(a) credit cards (including commercial cards (including so-called “purchase cards”, “procurement cards”
or “p-cards”)), (b) credit card processing services, (c) debit cards, (d) stored value cards, (e) Cash Management
Services, or (f) transactions under Hedge Agreements.

 

“Bank
Product Agreements” means those agreements entered into from time to time by Borrower or its Subsidiaries in connection
with the obtaining of any of the Bank Products.

 

“Bankruptcy
Code” means Title 11 of the United States Code, Sections 101 et seq., as in effect or as may be amended from time to
time.

 

“Bankruptcy
Court” means the United States Bankruptcy Court for the District of Delaware or any other court having jurisdiction
over any of the Cases from time to time.

 

“Base
Rate” means, on any day, an annual rate of interest equal to the greatest of (a) the Federal Funds Rate plus 1⁄2%,
(b) the LIBOR Rate (which rate shall be calculated based upon an Interest Period of 1 month and shall be determined on a daily
basis), plus 1 percentage point, and (c) the rate last

 

    
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quoted
by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote
such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15
(519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar
rate quoted therein (as determined by the Agent) or any similar release by the Federal Reserve Board (as determined by the Agent).

 

“Base
Rate Loan” means each portion of the Loans that bears interest at a rate determined by reference to the Base Rate.

 

“Benefit
Plan” means a “defined benefit plan” (as defined in Section 3(35) of ERISA) subject to Title IV of ERISA
for which any Loan Party, any of their respective Subsidiaries or any of their respective ERISA Affiliates has been an “employer”
(as defined in Section 3(5) of ERISA) within the past six years.

 

“Board
of Directors” means, as to any Person, the board of directors (or comparable managers) of such Person, or any committee
thereof duly authorized to act on behalf of the board of directors (or comparable managers).

 

“Board
of Governors” means the Board of Governors of the Federal Reserve System of the United States (or any successor).

 

“Borrower”
has the meaning specified therefor in the preamble to the Agreement.

 

“Borrower
Cash Assets” means all cash and Cash Equivalents owned by Borrower.

 

“Borrower
Materials” has the meaning specified therefor in Section ‎17.9(c) of the Agreement.

 

“Borrowing”
means a borrowing consisting of Loans made on the same day by the Lenders (or Agent on behalf thereof).

 

“Business
Day” means any day that is not a Saturday, Sunday, or other day on which banks are authorized or required to close in
the state of New York.

 

“Capitalized
Lease Obligation” means that portion of the obligations under a Capital Lease that is required to be capitalized in
accordance with GAAP.

 

“Capital
Lease” means a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP.

 

“Carve
Out” has the meaning specified therefor in the applicable DIP Order.

 

“Cases”
means the bankruptcy cases commenced by the Borrower and its Subsidiaries under chapter 11 of the Bankruptcy Code in the Bankruptcy
Court.

 

“Cash
Equivalents” means (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States
or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one
(1) year from the date of acquisition thereof, (b) marketable direct obligations issued or fully guaranteed by any state of the
United States or any political subdivision of any such state or any public instrumentality thereof maturing within one (1) year
from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either
Standard & Poor’s Rating Group (“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”),

 

    
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(c)
commercial paper maturing no more than 270 days from the date of creation thereof and, at the time of acquisition, having a rating
of at least A-1 from S&P or at least P-1 from Moody’s, (d) certificates of deposit, time deposits, overnight bank deposits
or bankers’ acceptances maturing within one (1) year from the date of acquisition thereof issued by any bank organized under
the laws of the United States or any state thereof or the District of Columbia or any United States branch of a foreign bank having
at the date of acquisition thereof combined capital and surplus of not less than $1,000,000,000, (e) Deposit Accounts maintained
with (i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under the laws of
the United States or any state thereof so long as the full amount maintained with any such other bank is insured by the Federal
Deposit Insurance Corporation, (f) repurchase obligations of any commercial bank satisfying the requirements of clause (d) of
this definition or recognized securities dealer having combined capital and surplus of not less than $1,000,000,000, having a
term of not more than seven days, with respect to securities satisfying the criteria in clauses (a) or (d) above, (g) debt securities
with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any commercial
bank satisfying the criteria described in clause (d) above, and (h) Investments in money market funds substantially all of whose
assets are invested in the types of assets described in clauses (a) through (g) above.

 

“Cash
Management Services” means any cash management or related services including treasury, depository, return items, overdraft,
controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network,
automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the
direct Federal Reserve Fedline system) and other cash management arrangements.

 

“Change
in Control” means that:

 

(a)
any Person or two or more Persons, in each case, other than the Permitted Holders, acting in concert, shall have acquired beneficial
ownership, directly or indirectly, of Equity Interests of Borrower (or other securities convertible into such Equity Interests)
representing 49% or more of the combined voting power of all Equity Interests of Borrower entitled (without regard to the occurrence
of any contingency) to vote for the election of members of the Board of Directors of Borrower;

 

(b)
any Person or two or more Persons, in each case, other than the Permitted Holders, acting in concert, shall have acquired by contract
or otherwise, or shall have entered into a contract or arrangement that, upon consummation thereof, will result in its or their
acquisition of the power to exercise, directly or indirectly, a controlling influence over the management or policies of Borrower
or control over the Equity Interests of such Person entitled to vote for members of the Board of Directors of Borrower on a fully-diluted
basis (and taking into account all such Equity Interests that such Person or group has the right to acquire pursuant to any option
right) representing 49% or more of the combined voting power of such Equity Interests;

 

(c)
during any period of 24 consecutive months commencing on or after the Closing Date, the occurrence of a change in the composition
of the Board of Directors of Borrower such that a majority of the members of such Board of Directors are not Continuing Directors;
or

 

(d)
Borrower fails to own and control, directly or indirectly, 100% of the Equity Interests of each other Loan Party or Pernix Ireland
Pain.

 

“Change
in Law” means the occurrence after the date of the Agreement of: (a) the adoption or effectiveness of any law, rule,
regulation, judicial ruling, judgment, directive or treaty, (b) any change in any law, rule, regulation, judicial ruling, judgment,
directive or treaty or in the administration, interpretation, implementation or application by any Governmental Authority of any
law, rule, regulation,

 

    
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guideline,
directive or treaty, or (c) the making or issuance by any Governmental Authority of any request, rule, guideline or directive,
whether or not having the force of law; provided that notwithstanding anything in the Agreement to the contrary, (i) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements or directives thereunder
or issued in connection therewith or in implementation thereof and (ii) all requests, rules, guidelines, requirements or directives
concerning capital adequacy promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision
(or any successor or similar authority) or the United States or foreign regulatory authorities shall, in each case, be deemed
to be a “Change in Law,” regardless of the date enacted, adopted, implemented or issued.

 

“Claim”
has the meaning specified therefor in Section ‎11 of the Agreement.

 

“Closing
Date” means the first Business Day on which the conditions referred to in Section 3.1 of the Agreement shall have been
satisfied or waived and the Closing Date Loans shall have been made to the Borrower.

 

“Closing
Date ABL Refinancing Commitment” means, with respect to each Lender, the commitment of such Lender to make Closing Date
ABL Refinancing Loans hereunder on the Closing Date, in each case as such Dollar amounts are set forth beside such Lender’s
name under the applicable heading on Part A of Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant
to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant
to assignments made in accordance with the provisions of Section ‎13.1 of the Agreement. As of the Closing Date, immediately
prior to the funding of any Loans, the aggregate principal amount of the Closing Date ABL Refinancing Commitments is $14,525,153.79.

 

“Closing
Date ABL Refinancing Loan” has the meaning specified therefor in Section 2.1(a) of this Agreement.

 

“Closing
Date Commitments” shall mean the Closing Date General Purpose Commitments and the Closing Date ABL Refinancing Commitments.

 

“Closing
Date General Purpose Commitment” means, with respect to each Lender, the commitment of such Lender to make Closing Date
General Purpose Loans hereunder on the Closing Date, in each case as such Dollar amounts are set forth beside such Lender’s
name under the applicable heading on Part B of Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant
to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant
to assignments made in accordance with the provisions of Section ‎13.1 of the Agreement. As of the Closing Date, immediately
prior to the funding of any Loans, the aggregate principal amount of the Closing Date General Purpose Commitments is $4,000,000.

 

“Closing
Date General Purpose Loan” has the meaning specified therefor in Section 2.1(a) of this Agreement.

 

“Closing
Date Loans” has the meaning specified therefor in Section 2.1(a) of the Agreement.

 

“CMS”
means The Centers for Medicare and Medicaid Services of the United States Department of Health and Human Services, and any Governmental
Authority successor thereto.

 

“Code”
means the New York Uniform Commercial Code, as in effect from time to time; provided, however, that in the event that, by reason
of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Liens on any Collateral
is governed by the

 

    
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Uniform
Commercial Code (or similar code or statute) as enacted and in effect in a jurisdiction other than the State of New York, the
term “Code” shall mean the Uniform Commercial Code (or similar code or statute) as enacted and in effect in such other
jurisdiction solely for purposes of the provisions hereof relating to such perfection, priority or remedies.

 

“Collateral”
means all “DIP Collateral” (as defined in the Interim DIP Order or, after entry thereof, the Final DIP Order) and
all other assets and interests in assets and proceeds thereof now owned or hereafter acquired by Borrower or its Subsidiaries
in or upon which a Lien is granted by such Person in favor of Agent or the Lenders under any of the Loan Documents and the DIP
Orders; provided that the Collateral shall not include the Prepetition Treximet Notes Collateral (as defined in the applicable
DIP Order) or any other Excluded Property.

 

“Commitment”
means, with respect to each Lender, the Closing Date Commitments and the Delayed Draw Commitment of such Lender.

 

“Confidential
Information” has the meaning specified therefor in Section ‎17.9(a) of the Agreement.

 

“Contingent
Obligation” means, with respect to any Person, any direct or indirect liability of such Person: (a) with respect to
any Indebtedness of another Person (a “Third Party Obligation”) if the purpose or intent of such Person incurring
such liability, or the effect thereof, is to provide assurance to the obligee of such Third Party Obligation that such Third Party
Obligation will be paid or discharged, or that any agreement relating thereto will be complied with, or that any holder of such
Third Party Obligation will be protected, in whole or in part, against loss with respect thereto; (b) with respect to any
undrawn portion of any letter of credit issued for the account of such Person or as to which such Person is otherwise liable for
the reimbursement of any drawing; (c) to make take-or-pay or similar payments if required regardless of nonperformance by
any other party or parties to an agreement; or (d) for any obligations of another Person pursuant to any guarantee or pursuant
to any agreement to purchase, repurchase or otherwise acquire any obligation or any property constituting security therefor, to
provide funds for the payment or discharge of such obligation or to preserve the solvency, financial condition or level of income
of another Person. The amount of any Contingent Obligation shall be equal to the amount of the obligation so guaranteed or otherwise
supported or, if not a fixed and determinable amount, the maximum amount so guaranteed or otherwise supported.

 

“Continuing
Directors” means (a) any member of the Board of Directors who was a director (or comparable manager) of Borrower on
the Closing Date, and (b) any individual who becomes a member of the Board of Directors of Borrower after the Closing Date if
such individual was approved, appointed or nominated for election to the Board of Directors of Borrower by a majority of the Continuing
Directors.

 

“Copyrights”
means any and all rights in any works of authorship, including (a) copyrights and moral rights, (b) copyright registrations and
recordings thereof and all applications in connection therewith including those listed on Schedule 4.5 to the Agreement,
(c) income, license fees, royalties, damages, and payments now and hereafter due or payable under and with respect thereto, including
payments under all licenses entered into in connection therewith and damages and payments for past, present, or future infringements
thereof, (e) the right to sue for past, present, and future infringements thereof, and (d) all rights corresponding thereto throughout
the world.

 

“Core
Assets” means the Silenor Assets and the Generics Assets.

 

“Committee”
has the meaning specified therefor in the applicable DIP Order.

 

    
Schedule 1.1
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“Debtors”
means, collectively, the Borrower and each of its Subsidiaries.

 

“Default”
means an event, condition, or default that, with the giving of notice, the passage of time, or both, would be an Event of Default.

 

“Defaulting
Lender” means any Lender that (a) has failed to fund any amounts required to be funded by it under the Agreement on
the date that it is required to do so under the Agreement, (b) notified Borrower, Agent, or any Lender in writing that it does
not intend to comply with all or any portion of its funding obligations under the Agreement, (c) has made a public statement to
the effect that it does not intend to comply with its funding obligations under the Agreement or under other agreements generally
(as reasonably determined by Agent) under which it has committed to extend credit, (d) failed, within one (1) Business Day after
written request by Agent, to confirm that it will comply with the terms of the Agreement relating to its obligations to fund any
amounts required to be funded by it under the Agreement, (e) otherwise failed to pay over to Agent or any other Lender any other
amount required to be paid by it under the Agreement on the date that it is required to do so under the Agreement, unless the
subject of a good faith dispute, or (f) (i) becomes or is insolvent or has a parent company that has become or is insolvent or
(ii) becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian or
appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any
such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or
has had a receiver, conservator, trustee, or custodian appointed for it, or has taken any action in furtherance of, or indicating
its consent to, approval of or acquiescence in any such proceeding or appointment.

 

“Defaulting
Lender Rate” means the interest rate applicable to the Loan on which such interest accrues plus (ii) 2.00% per
annum.

 

“Delayed
Draw Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans hereunder after the
Closing Date during the Availability Period, in each case as such Dollar amounts are set forth beside such Lender’s name
under the applicable heading on Part C of Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to
which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant
to assignments made in accordance with the provisions of Section 13.1 of the Agreement. As of the Closing Date, immediately
prior to the funding of any Loans, the aggregate principal amount of the Delayed Draw Commitments is $11,000,000.

 

“Delayed
Draw Loan” has the meaning specified therefore in Section ‎2.1(b) of the Agreement.

 

“Deposit
Account” means any deposit account (as that term is defined in the Code).

 

“Designated
Account” means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit
Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

 

“DESI
Program Products” means Products subject to regulation under the FDA’s Drug Efficacy Study Implementation program.

 

“Designated
Account Bank” has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that is
located within the United States that has been designated as such, in writing, by Borrower to Agent).

 

“DIP
Orders” means, collectively, the Interim DIP Order and the Final DIP Order, as the

 

    
Schedule 1.1
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same
may be amended, supplemented or modified from time to time on or after entry thereof in accordance with the terms hereof.

 

“Disqualified
Equity Interests” means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests
into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or
is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise
(except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a
change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that
are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other
than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash,
or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified
Equity Interests, in each case, prior to the date that is 180 days after the Maturity Date.

 

“Dollars”
or “$” means United States dollars.

 

“Environmental
Action” means any written complaint, summons, citation, notice, directive, order, claim, investigation, judgment, letter,
or other written communication, or any litigation or judicial or administrative proceeding, from or involving any Governmental
Authority or any third party, involving violations of Environmental Laws by Borrower or any Subsidiary of Borrower, or releases
of Hazardous Materials (a) from or to any assets or properties, or businesses of Borrower, any Subsidiary of Borrower, or any
of their predecessors in interest, (b) from adjoining properties or businesses to any properties of Borrower or any Subsidiary
of Borrower or (c) from or onto any facilities which received Hazardous Materials generated by Borrower, any Subsidiary of Borrower,
or any of their predecessors in interest.

 

“Environmental
Law” means any applicable federal, state, provincial, foreign or local statute, law, rule, regulation, ordinance, code,
binding and enforceable guideline, binding and enforceable written policy, or rule of common law now or hereafter in effect and
in each case as amended, or any judicial or administrative interpretation thereof, including any judicial or administrative order,
consent decree or judgment, in each case, to the extent binding on Borrower or its Subsidiaries, relating to the environment,
the effect of the environment on employee health, or Hazardous Materials, in each case as amended from time to time.

 

“Environmental
Liabilities” means all liabilities, monetary obligations, losses, damages, costs and expenses (including all reasonable
fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines,
penalties, sanctions, and interest incurred as a result of any claim or demand, or Remedial Action required, by any Governmental
Authority or any third party, and which relate to any Environmental Action.

 

“Environmental
Lien” means any Lien in favor of any Governmental Authority for Environmental Liabilities.

 

“Equipment”
means equipment (as that term is defined in the Code).

 

“Equity
Interest” means, with respect to a Person, all of the shares, options, warrants, interests, participations, rights to
purchase, or other equivalents (regardless of how designated) of or in such Person, whether voting or nonvoting, including capital
stock (or other ownership or profit interests or units), preferred stock, or any other “equity security” (as such
term is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act); provided that
“Equity

 

    
Schedule 1.1
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Interests”
shall not include any debt securities convertible into or exchangeable for any securities otherwise constituting Equity Interests
pursuant to this definition.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, and any and all rules or regulations promulgated from time
to time thereunder, and any successor statute thereto.

 

“ERISA
Affiliate” means (a) any Person subject to ERISA whose employees are treated as employed by the same employer as the
employees of any Loan Party or any of their respective Subsidiaries under IRC Section 414(b), (b) any trade or business subject
to ERISA whose employees are treated as employed by the same employer as the employees of any Loan Party or their respective Subsidiaries
under IRC Section 414(c), (c) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any organization subject
to ERISA that is a member of an affiliated service group of which any Loan Party or any of their respective Subsidiaries is a
member under IRC Section 414(m), or (d) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any Person subject
to ERISA that is a party to an arrangement with any Loan Party or any of their respective Subsidiaries and whose employees are
aggregated with the employees of any Loan Party or any of their respective Subsidiaries under IRC Section 414(o).

 

“Event
of Default” has the meaning specified therefor in Section ‎8 of the Agreement.

 

“Excess
Proceeds” means the aggregate Net Cash Proceeds received by Borrower or any of its Subsidiaries from one or more Non-Exclusive
Licenses in excess of $25,000.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as in effect from time to time, and the rules and regulations promulgated
thereunder.

 

“Excluded
Property” has the meaning specified therefor in the Guaranty and Security Agreement.

 

“Excluded
Taxes” means (i) any tax imposed on the net income (however denominated) or net profits of any Lender or any Participant
(including any branch profits or franchise taxes), in each case imposed by the jurisdiction (or by any political subdivision or
taxing authority thereof) in which such Lender or such Participant is organized or the jurisdiction (or by any political subdivision
or taxing authority thereof) in which such Lender’s or such Participant’s principal office is located in each case
as a result of a present or former connection between such Lender or such Participant and the jurisdiction or taxing authority
imposing the tax (other than any such connection arising solely from such Lender or such Participant having executed, delivered
or performed its obligations or received payment under, or enforced its rights or remedies under the Agreement or any other Loan
Document) and (ii) taxes resulting from a Lender’s or a Participant’s failure to comply with the requirements of Section
‎16.2 of the Agreement, (iii) any United States federal withholding taxes that would be imposed on amounts payable to
a Non-U.S. Lender based upon the law (and the applicable withholding rate) in effect at the time such Non-U.S. Lender becomes
a party to the Agreement (or designates a new lending office), excluding any amount that such Non-U.S. Lender (or its assignor,
if any) was previously entitled to receive pursuant to Section ‎16.1 of the Agreement with respect to such withholding
tax at the time such Non-U.S. Lender becomes a party to the Agreement (or designates a new lending office) and (iv) any United
States federal withholding taxes imposed under FATCA.

 

“fair
market value” means, at the time of any given transaction, with respect to any asset or property, the price (after taking
into account any liabilities related to such asset or property) that could be negotiated in an arm’s length transaction,
for cash, between a willing seller and a willing and able

 

    
Schedule 1.1
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buyer,
neither of whom is under undue pressure or compulsion to complete the transaction

 

“FATCA”
means Sections 1471 through 1474 of the IRC, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof,
including any applicable intergovernmental agreement with respect thereto.

 

“FDA”
means the U.S. Food and Drug Administration and any Governmental Authority successor thereto.

 

“Federal
Funds Rate” means, for any period, a fluctuating interest rate per annum equal to, for each day during such period,
the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged
by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions
received by Agent from three Federal funds brokers of recognized standing selected by it.

 

“Final
DIP Order” means an order entered by the Bankruptcy Court substantially in the form of the Interim DIP Order, with only
such material modifications as are satisfactory in form and substance to the Agent and the Required Lenders in its or their sole
discretion, as applicable, which order shall (x) have been entered and on such prior notice to such parties as may be satisfactory
to the Agent and the Required Lenders in its or their sole discretion, as applicable, and (y) not have been, after entry, (A)
vacated, reversed, or stayed, or (B) amended or modified except as otherwise agreed to in writing by the Agent and the Required
Lenders in its or their sole discretion, as applicable.

 

“Foreign
Loan Party” means any Loan Party organized or incorporated under the laws of a jurisdiction outside of the United States.

 

“Funding
Date” means the date on which a Borrowing occurs.

 

“GAAP”
means generally accepted accounting principles as in effect from time to time in the United States, consistently applied.

 

“Generics
Assets” means the products listed on Schedule G-1 to the Agreement.

 

“Governing
Documents” means, with respect to any Person, the certificate or articles of incorporation, constitution, by-laws, or
other organizational documents of such Person.

 

“Government
Drug Rebate Program” means, collectively, the Medicaid Drug Rebate Program with CMS and any individual state drug rebate
program administered by any State.

 

“Governmental
Authority” means the government of any nation or any political subdivision thereof, whether at the national, state,
territorial, provincial, municipal or any other level, and any agency, authority, instrumentality, regulatory body, court, central
bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of,
or pertaining to, government (including any supra-national bodies such as the European Union or the European Central Bank). The
term “Governmental Authority” shall further include any institutional review board, ethics committee, data monitoring
committee, or other committee or entity with defined authority to oversee Regulatory Matters or any agency, branch or other governmental
body charged with the responsibility and/or vested with the authority to administer and/or enforce any Health Care Laws.

 

    
Schedule 1.1
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“Guarantee”
means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness or other obligation
of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise,
of such Person (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation
of such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep well, to purchase assets,
goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into
for purposes of assuring in any other manner the obligee of such Indebtedness or other obligation of the payment thereof or to
protect such obligee against loss in respect thereof, in whole or in part; provided, that the term “Guarantee” does
not include endorsements for collection or deposit in the Ordinary Course of Business. The term “Guarantee” used as
a verb has a corresponding meaning.

 

“Guarantor”
means each Person that is party to the Guaranty and Security Agreement as of the date hereof, and each other Person that becomes
a guarantor after the Closing Date pursuant to Section 5.11 of the Agreement; provided, that, notwithstanding anything
herein to the contrary, (i) for so long as Pernix Manufacturing, LLC complies with the covenants applicable to it in the Agreement
and the representations and warranties in the Agreement with respect to it are true and accurate in all material respects, Pernix
Manufacturing, LLC shall not be required to be a Guarantor, (ii) Pernix Ireland shall not be required to be a Guarantor and (iii)
the Debtors shall only be required to use commercially reasonable efforts to obtain a guarantee of the Obligations from Pernix
Ireland Pain, provided, further that in no event shall Pernix Ireland Pain be required to be a Guarantor if doing so would result
in personal liability for the directors of Pernix Ireland Pain under Irish law as advised by Irish counsel to the Debtors in writing.

 

“Guaranty
and Security Agreement” means a guaranty and security agreement, dated as of the Closing Date, in form and substance
reasonably satisfactory to Agent, executed and delivered by Borrower and each of the Guarantors to Agent.

 

“Hazardous
Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any applicable laws
or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic
substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious properties
such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil,
petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters,
and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources,
(c) any flammable substances or explosives or any radioactive materials, and (d) asbestos in any form or electrical equipment
that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million.

 

“Health
Care Laws” means all Requirements of Law relating to (a) fraud and abuse (including the following statutes, as amended,
modified or supplemented from time to time and any successor statutes thereto and regulations promulgated from time to time thereunder:
the federal Anti-Kickback Statute (42 U.S.C. § 1320a-7b(b)); the civil False Claims Act (31 U.S.C. § 3729 et seq.);
and Sections 1320a-7 and 1320a-7a and 1320a-7b of Title 42 of the United States Code); (b) the Medicare Prescription Drug, Improvement,
and Modernization Act of 2003 (Pub. L. No. 108-173)); (c) any Government Drug Rebate Program, (d) all statutes and regulations
administered by the FDA or any comparable Governmental Authority, including but not limited to the Food, Drug, and Cosmetic Act
(21 U.S.C. § 301 et seq.); (e) the Physician Payments Sunshine Act; (f) the licensure or regulation of healthcare providers,
suppliers, professionals, facilities or payors; (g) patient health care; (h) quality, safety certification and accreditation standards
and requirements; (i) HIPAA; (j) certificates of operations and authority; (k) laws regulating the provision of free or discounted
care or services; and (l) any and all

 

    
Schedule 1.1
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other
applicable federal, state or local health care laws, rules, codes, statutes, regulations, manuals, orders, ordinances, statutes,
policies, professional or ethical rules, administrative guidance and requirements, as the same may be amended, modified or supplemented
from time to time, and any successor statute thereto.

 

“Health
Care Permits” means any and all permits, licenses, authorizations, certificates, certificates of need, as well as accreditations
and plans of third-party accreditation agencies (such as the Joint Commission for Accreditation of Healthcare Organizations) that
are (a) necessary to enable any Loan Party or Subsidiary thereof to continue to conduct its business as it is conducted on the
Closing Date, or (b) required under any Health Care Law or the business affairs, practices, licensing or reimbursement entitlements
of any Loan Party or Subsidiary thereof.

 

“Health
Care Proceeding” means any inquiries, investigations, probes, audits, hearings, litigation or proceedings (in each case,
whether civil, criminal, administrative or investigative) concerning any alleged or actual non-compliance by any Loan Party or
Subsidiary thereof with any Health Care Laws or the requirements of any Health Care Permit.

 

“Hedge
Agreement” means a “swap agreement” as that term is defined in Section 101(53B)(A) of the Bankruptcy Code,
that is intended to provide protection against fluctuations in interest, commodity prices or currency exchange rates and not for
speculative purposes.

 

“HIPAA”
means (a) the Health Insurance Portability and Accountability Act of 1996; (b) the Health Information Technology for Economic
and Clinical Health Act (Title XIII of the American Recovery and Reinvestment Act of 2009); and (c) any state and local laws regulating
the privacy and/or security of individually identifiable information, in each case as the same may be amended, modified or supplemented
from time to time, any successor statutes thereto, and any and all rules or regulations promulgated from time to time thereunder.

 

“Incremental
Amendment” has the meaning specified therefor in Section 2.17 of this Agreement.

 

“Incremental
Commitment” has the meaning specified therefor in Section 2.17 of this Agreement.

 

“Incremental
Date” has the meaning specified therefor in Section 2.17 of this Agreement.

 

“Incremental
Facility” has the meaning specified therefor in Section 2.17 of this Agreement.

 

“Incremental
Loan” has the meaning specified therefor in Section 2.17 of this Agreement.

 

“Indebtedness”
as to any Person means (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by
bonds, debentures, notes, or other similar instruments and all reimbursement or other obligations in respect of letters of credit,
bankers acceptances, or other financial products, (c) all obligations of such Person as a lessee under Capital Leases, (d) all
obligations or liabilities of others secured by a Lien on any asset of such Person, irrespective of whether such obligation or
liability is assumed, (e) all obligations of such Person to pay the deferred purchase price of assets or services due more than
180 days after such assets are acquired or such services are contemplated (other than trade payables incurred in the Ordinary
Course of Business and repayable in accordance with customary trade practices), (f) all monetary obligations of such Person owing
under Hedge Agreements (which amount shall be calculated based on the amount that would be payable by such Person if the Hedge
Agreement were terminated on the date of determination), (g) any Disqualified

 

    
Schedule 1.1
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Equity
Interests of such Person, (h) [reserved], (i) any obligation of such Person guaranteeing or intended to guarantee (whether directly
or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any obligation of any other Person that constitutes
Indebtedness under any of clauses (a) through (h) above and (j) off-balance sheet liabilities, liabilities under any ERISA plan
that is subject to Section 412 of the Code or Title IV of ERISA and/or Multiemployer Plan liabilities of such Person. For purposes
of this definition, (i) the amount of any Indebtedness represented by a guaranty or other similar instrument shall be the lesser
of the principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing
Person may be liable pursuant to the terms of the instrument embodying such Indebtedness, and (ii) the amount of any Indebtedness
which is limited or is non-recourse to a Person or for which recourse is limited to an identified asset shall be valued at the
lesser of (A) if applicable, the limited amount of such obligations, and (B) if applicable, the fair market value of such assets
securing such obligation.

 

“Indemnified
Liabilities” has the meaning specified therefor in Section ‎10.3 of the Agreement.

 

“Indemnified
Person” has the meaning specified therefor in Section ‎10.3 of the Agreement.

 

“Indemnified
Taxes” means any Taxes, other than Excluded Taxes, imposed on or with respect to any payments made by or on account
of any obligation of Borrower under any Loan Document.

 

“Initial
Lenders” means, collectively, at any time of determination, (a) any Person identified as a Lender on the signature pages
to the Agreement as of the Closing Date (not including any of their respective assignees that become Lenders from time to time
after the Closing Date), other than any such Person who is no longer party to the Agreement as a Lender at the relevant time of
determination, (b) any other Lender that, at the relevant time of determination, is an Affiliate of any Person identified as a
Lender on the signature pages to the Agreement as of the Closing Date, (c) any other Lender that is engaged in making, purchasing,
holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered, advised or
managed by (i) any Person referred to in clause (a) or (b) above or (ii) an entity or an Affiliate of an entity that administers,
advises or manages any Person referred to in clause (a) or (b) above, and (d) any fund or investment vehicle that is managed by
the same entity that manages a Person identified as a Lender on the signature pages to the Agreement as of the Closing Date. Any
reference to an Affiliate of an Initial Lender shall include the management company of such Initial Lender.

 

“Insolvency
Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under
any other state or federal or other applicable bankruptcy or insolvency law, assignments for the benefit of creditors, formal
or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, examinership,
arrangement, or other similar relief, or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar
official of such Person or any substantial part of its properties.

 

“Intellectual
Property” means any and all Patents, Copyrights, Trademarks, rights under Patent Licenses, trade secrets, know-how,
inventions (whether or not patentable), algorithms, software programs (including source code and object code), processes, product
designs, industrial designs, blueprints, drawings, data, customer lists, URLs and domain names, specifications, documentations,
reports, catalogs, literature, and any other forms of technology or proprietary information of any kind, including all rights
therein and all applications for registration or registrations thereof.

 

“Intercompany
Subordination Agreement” means an intercompany subordination

 

    
Schedule 1.1
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agreement,
dated as of even date with the Agreement, executed and delivered by Borrower, each other Loan Party, and Agent, the form and substance
of which is reasonably satisfactory to the Required Lenders.

 

“Interest
Payment Date” means (a) with respect to any Base Rate Loan, the first Business Day of each full calendar month ended
after the Closing Date and (b) with respect to any LIBOR Rate Loan, the last day of the Interest Period applicable to the Borrowing
of which such LIBOR Rate Loan is a part; provided, that, in the case of any Interest Period greater than one month in duration,
interest shall be payable at one-month intervals after the commencement of the applicable Interest Period and on the last day
of such Interest Period.

 

“Interest
Period” means, with respect to each LIBOR Rate Loan, a period commencing on the date of the making of such LIBOR Rate
Loan (or the continuation of a LIBOR Rate Loan or the conversion of a Base Rate Loan to a LIBOR Rate Loan) and ending 1, 2, 3
or 6 months thereafter; provided, that (a) interest shall accrue at the applicable rate based upon the LIBOR Rate from
and including the first day of each Interest Period to, but excluding, the day on which any Interest Period expires, (b) any Interest
Period that would end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business
Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day, (c) with
respect to an Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period), the Interest Period shall end on the last Business
Day of the calendar month that is 1, 2, 3 or 6 months after the date on which the Interest Period began, as applicable, and (d)
Borrower may not elect an Interest Period which will end after the Maturity Date.

 

“Interim
DIP Order” has the meaning specified on Schedule 3.1.

 

“Interim
DIP Order Entry Date” has the meaning specified on Schedule 3.1.

 

“Inventory”
means inventory (as that term is defined in the Code).

 

“Investment”
means, with respect to any Person, any investment by such Person in any other Person (including Affiliates) in the form of loans,
guarantees, advances, capital contributions (excluding (a) commission, travel, and similar advances to officers and employees
of such Person made in the Ordinary Course of Business, to the extent such advances would not be required to be classified as
investments on a balance sheet prepared in accordance with GAAP, and (b) bona fide accounts receivable arising in the Ordinary
Course of Business), or acquisitions of Indebtedness, Equity Interests or all or substantially all of the assets of such other
Person (or of any division or business line of such other Person), and any other items that are or would be classified as investments
on a balance sheet prepared in accordance with GAAP. The amount of any Investment shall be the original cost of such Investment
plus the cost of all additions thereto, without any adjustment for increases or decreases in value, or write-ups, write-downs,
or write-offs with respect to such Investment.

 

“IP
Subsidiaries” means Pernix Ireland and Pernix Ireland Pain.

 

“IRC”
means the Internal Revenue Code of 1986, as in effect from time to time.

 

“Lender”
has the meaning set forth in the preamble to the Agreement and shall also include any other Person made a party to the Agreement
pursuant to the provisions of Section ‎13.1 of the Agreement and “Lenders” means each of the Lenders
or any one or more of them.

 

“Lender
Group” means each of the Lenders and Agent, or any one or more of them.

 

    
Schedule 1.1
Page - 15- 

    

    

“Lender
Group Expenses” means all (a) out-of-pocket costs or expenses (including taxes and insurance premiums) required to be
paid by Borrower or its Subsidiaries under any of the Loan Documents that are paid, advanced, or incurred by the Lender Group,
(b) documented out-of-pocket fees or charges paid or incurred by Agent in connection with the Lender Group’s transactions
with Borrower and its Subsidiaries under any of the Loan Documents, including, photocopying, notarization, couriers and messengers,
telecommunication, public record searches, filing fees, recording fees, publication, real estate surveys and real estate title
policies and endorsements and environmental audits, (c) Agent’s customary fees and charges imposed or incurred in connection
with any background checks or OFAC/PEP searches related to Borrower or its Subsidiaries, (d) Agent’s customary fees and
charges (as adjusted from time to time) with respect to the disbursement of funds (or the receipt of funds) to or for the account
of Borrower (whether by wire transfer or otherwise), together with any out-of-pocket costs and expenses incurred in connection
therewith, (e) customary charges imposed or incurred by Agent resulting from the dishonor of checks payable by or to any Loan
Party, (f) reasonable documented out-of-pocket costs and expenses paid or incurred by the Lender Group to correct any default
or enforce any provision of the Loan Documents, or during the continuance of an Event of Default, in gaining possession of, maintaining,
handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof,
irrespective of whether a sale is consummated, (g) Agent’s reasonable costs and expenses (including reasonable documented
attorneys’ fees and expenses) relative to third party claims or any other lawsuit or adverse proceeding paid or incurred,
whether in enforcing or defending the Loan Documents or otherwise in connection with the transactions contemplated by the Loan
Documents, Agent’s Liens in and to the Collateral, or the Lender Group’s relationship with Borrower or any of its
Subsidiaries, (h) Agent’s reasonable documented costs and expenses (including reasonable documented attorneys’ fees
and due diligence expenses) incurred in advising, structuring, drafting, reviewing, administering (including travel, meals, and
lodging), or amending, waiving, or modifying the Loan Documents, and (i) Agent’s and each Lender’s reasonable documented
costs and expenses (including reasonable documented attorneys, accountants, consultants, and other advisors fees and expenses)
incurred in terminating, enforcing (including attorneys, accountants, consultants, and other advisors fees and expenses incurred
in connection with a “workout,” a “restructuring,” or an Insolvency Proceeding concerning Borrower or
any of its Subsidiaries or in exercising rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective
of whether a lawsuit or other adverse proceeding is brought, or in taking any enforcement action or any Remedial Action with respect
to the Collateral.

 

“Lender
Group Representatives” has the meaning specified therefor in Section ‎17.9 of the Agreement.

 

“Lender-Related
Person” means, with respect to any Lender, such Lender, together with such Lender’s Affiliates and the officers,
directors, employees, partners, trustees, administers, managers, advisors, representative, attorneys, and agents of such Lender,
such Lender’s manager and such Lender’s Affiliates.

 

“LIBOR
Deadline” has the meaning specified therefor in Section 2.12(b)(i) of the Agreement.

 

“LIBOR
Notice” means a written notice in the form of Exhibit L-1 to the Agreement.

 

“LIBOR
Option” has the meaning specified therefor in Section 2.12(a) of the Agreement.

 

“LIBOR
Rate” means the rate per annum as reported on Reuters Screen LIBOR01 page (or any successor page) two (2) Business Days
prior to the commencement of the requested Interest Period, for a term, and in an amount, comparable to the Interest Period and
the amount of the LIBOR Rate

 

    
Schedule 1.1
Page - 16- 

    

    

Loan
requested (whether as an initial LIBOR Rate Loan or as a continuation of a LIBOR Rate Loan or as a conversion of a Base Rate Loan
to a LIBOR Rate Loan) by Borrower in accordance with the Agreement (and, if any such rate is below 1.00%, the LIBOR Rate shall
be deemed to be 1.00%), which determination shall be made by Agent and shall be conclusive in the absence of manifest error.

 

“LIBOR
Rate Loan” means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

 

“Lien”
means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance, easement, lien
(statutory or other), security interest, or other security arrangement and any other preference, priority, or preferential arrangement
of any kind or nature whatsoever, including any conditional sale contract or other title retention agreement, the interest of
a lessor under a Capital Lease and any synthetic or other financing lease having substantially the same economic effect as any
of the foregoing.

 

“Loan”
means any Closing Date Loan, any Delayed Draw Loan and any Incremental Loan, in each case made (or to be made) hereunder.

 

“Loan
Account” has the meaning specified therefor in Section ‎2.9 of the Agreement.

 

“Loan
Documents” means the Agreement, the Guaranty and Security Agreement, the Intercompany Subordination Agreement, any Additional
Document, any Incremental Agreement, any license or sublicense agreement granted in favor of Agent, any note or notes executed
by Borrower in connection with the Agreement and payable to any member of the Lender Group, and any other instrument or agreement
entered into, now or in the future, by Borrower or any of its Subsidiaries and any member of the Lender Group in connection with
the Agreement.

 

“Loan
Party” means the Borrower or any Guarantor.

 

“Margin
Stock” means “margin stock” as defined in Regulation U of the Board of Governors as in effect from time
to time.

 

“Material
Adverse Effect” means any event, change, condition, occurrence or effect that has individually or in the aggregate resulted
in, or would be reasonably likely to result in, (a) a material adverse effect on the business, properties, liabilities, financial
condition or results of operations of the Borrower and its Subsidiaries, taken as a whole, (b) a material impairment of Borrower’s
and its Subsidiaries ability to perform their obligations under the Loan Documents to which they are parties or a material impairment
of or material delay to the Lender Group’s ability to enforce the Obligations or realize upon the Collateral (other than
as a result of as a result of an action taken or not taken that is solely in the control of Agent), or (c) a material impairment
of the enforceability or priority of Agent’s Liens with respect to all or a material portion of the Collateral, other than,
in the case of clause (a) above, any event, change, condition, occurrence or effect to the extent arising out of, attributable
to or resulting from, alone or in combination, (i) general changes or developments in the industry in which the business of the
Borrower and its Subsidiaries operates, (ii) changes in general economic, financial market or geopolitical conditions, (iii) natural
disasters or calamities, (iv) changes in any applicable laws or GAAP, (vi) the announcement, pendency or consummation of the transactions
contemplated by the Stalking Horse Sale Agreement, (vii) the filing of the Cases (and customary events leading up to and following
such filing) and any orders of the Bankruptcy Court complying with the terms of the Agreement, (viii) any action taken by the
Loan Parties which is required by the Agreement, (ix) a decline in the trading price or trading volume of any securities issued
by the Borrower or any change in the ratings or ratings outlook for the Borrower (provided that the underlying causes thereof,
to the extent not otherwise excluded by this

 

    
Schedule 1.1
Page - 17- 

    

    

definition,
may be deemed to contribute to a Material Adverse Effect), or (x) the failure to meet any projections, guidance, budgets, forecasts
or estimates with respect to the Borrower (provided that the underlying causes thereof, to the extent not otherwise excluded by
this definition, may be deemed to contribute to a Material Adverse Effect); provided, however, that any event, change, condition,
occurrence or effect set forth in clauses (i), (ii), (iii) or (iv) may be taken into account in determining whether there has
been or is Material Adverse Effect if such any event, change, condition, occurrence or effect has a disproportionate impact on
the business of the Loan Parties or the 363 Assets, taken as a whole, relative to the other participants in the industries and
markets in which such business and the 363 Assets operate.

 

“Material
Contract” means (a) each contract or agreement related to Core Assets or Zohydro Assets to which any Loan Party or any
of its Subsidiaries is a party involving aggregate consideration payable to or by such Loan Party or such Subsidiary of $150,000
or more (other than purchase orders in the ordinary course of the business of such Loan Party or such Subsidiary and other than
contracts that by their terms may be terminated by such Loan Party or Subsidiary in the ordinary course of its business upon less
than 60 days’ notice without penalty or premium), (b) all Patent Licenses (other than immaterial Patent Licenses), (c) any
settlement agreement to which a Loan Party or Subsidiary is a party involving an amount in excess of $150,000, (d) any agreement
with respect to rebates in excess of $150,000 provided for any Inventory of a Loan Party or Subsidiary and (e) all other contracts
or agreements, the loss of which could reasonably be expected to result in a Material Adverse Effect.

 

“Maturity
Date” means the earliest to occur of (a) the date that is 180 days after the Closing Date (or, in the case of Loans
made pursuant an Incremental Agreement, the maturity date specified in such Incremental Agreement), (b) the acceleration of the
Loans and the termination of the Commitments pursuant to Section 9.1 and (c) the substantial consummation (as defined in
Section 1101(2) of the Bankruptcy Code, which for purposes hereof shall be no later than the effective date thereof) of a Reorganization
Plan that is confirmed pursuant to an order entered by the Bankruptcy Court.

 

“Medicaid”
means, collectively, the healthcare assistance program established by Title XIX of the Social Security Act (42 U.S.C. §§
1396 et seq.) and any statutes succeeding thereto, and all laws, rules, regulations, manuals, orders, guidelines or requirements
(whether or not having the force of law) pertaining to such program, including all state statutes and plans for medical assistance
enacted in connection with such program, in each case as the same may be amended, supplemented or otherwise modified from time
to time.

 

“Medicare”
means, collectively, the health insurance program for the aged and disabled established by Title XVIII of the Social Security
Act (42 U.S.C. §§ 1395 et seq.) and any statutes succeeding thereto, and all laws, rules, regulations, manuals, orders,
guidelines or requirements (whether or not having the force of law) pertaining to such program, in each case as the same may be
amended, supplemented or otherwise modified from time to time.

 

“Milestones”
means any and all milestones set forth in Schedule 5.22.

 

“Moody’s”
has the meaning specified therefor in the definition of Cash Equivalents.

 

“Multiemployer
Plan” means a multiemployer plan within the meaning of Section 4001(a)(3) of ERISA to which any Loan Party or any Subsidiary
or any of their respective ERISA Affiliates (or any Person who in the last five years was an ERISA Affiliate) is making or accruing
an obligation to make contributions or has within the preceding five plan years (as determined on the applicable date of determination)
made contributions.

 

    
Schedule 1.1
Page - 18- 

    

    

“Nalpropion”
means Nalpropion Pharmaceuticals, Inc.

 

“Nalpropion
Assets” means, with respect to Borrower or any Subsidiary of Borrower, its right, title and interest in, to and under
all personal property consisting of or relating to any equity or debt securities issued by, or obligations of, Nalpropion Pharmaceuticals,
Inc., whether now owned or existing or hereafter acquired or arising and wherever located. For the avoidance of doubt, Nalpropion
Assets shall not include the Services Agreement and the TSA.

 

“Net
Cash Proceeds” means, with respect to any Asset Sale or Non-Exclusive License, the proceeds of such Asset Sale or Non-Exclusive
License in the form of cash (including (i) payments in respect of deferred payment obligations to the extent corresponding to
principal, but not interest, when received in the form of cash and/or cash equivalents, and (ii) proceeds from the conversion
of other consideration received when converted to cash), net of:

 

(1)
       brokerage commissions and other fees and expenses directly related to such Asset Sale
or Non-Exclusive License, as applicable, including reasonable and customary fees and expenses of counsel, accountants and investment
bankers;

 

(2)
       provisions for taxes as a result of such Asset Sale or Non-Exclusive License, as applicable,
without regard to the consolidated results of operations of Borrower and its Subsidiaries;

 

(3)
       payments required to be made to holders of minority interests in Subsidiaries as a result
of such Asset Sale or Non-Exclusive License, as applicable, or to repay Indebtedness (other than the Obligations) outstanding
at the time of such Asset Sale or Non-Exclusive License, as applicable, that is secured by a Lien on the property or assets sold,
disposed of or subject to such Non-Exclusive License, as applicable, to the extent required to be applied prior to the repayment
of the Obligations; and

 

(4)
       appropriate amounts to be provided as a reserve against liabilities associated with
such Asset Sale or Non-Exclusive License, as applicable, including pension and other post-employment benefit liabilities, liabilities
related to environmental matters and indemnification obligations associated with such Asset Sale or Non-Exclusive License, as
applicable, with any subsequent reduction of the reserve other than by payments made and charged against the reserved amount to
be deemed a receipt of cash.

 

“New
Money General Purpose Commitments” means, collectively, the Closing Date General Purpose Commitments and the Delayed
Draw Commitments. As of the Closing Date, immediately prior to the funding of any Loans, the aggregate principal amount of the
New Money General Purpose Commitments is $15,000,000.

 

“New
Money General Purpose Loans” means the Closing Date General Purpose Loans and the Delayed Draw Loans.

 

“Non-Consenting
Lender” has the meaning specified therefor in Section ‎‎14.2(a) of the Agreement.

 

“Non-Defaulting
Lender” means each Lender other than a Defaulting Lender.

 

“Non-Exclusive
License” means the licensing on a non-exclusive basis (including co-promotion arrangements) of patents, trademarks,
copyrights, and other Intellectual Property rights in the Ordinary Course of Business that does not materially and adversely affect
the business or condition

 

    
Schedule 1.1
Page - 19- 

    

    

(financial
or otherwise) of Borrower and any of its Subsidiaries, taken as a whole, relating to the development, manufacture, distribution,
sale or other commercialization of Products.

 

“Non-U.S.
Lender” means any Lender or Participant that is not a United States person within the meaning of IRC section 7701(a)(30).

 

“Notice
of Borrowing” has the meaning specified therefor in Section ‎2.3(a) of the Agreement.

 

“Obligations”
means all loans, debts, principal, interest (including any interest that accrues after the commencement of an Insolvency Proceeding,
regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), premiums, liabilities
(including all amounts charged to the Loan Account pursuant to the Agreement), obligations (including indemnification obligations),
fees, Lender Group Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless
of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), guaranties, and all covenants
and duties of any other kind and description owing by any Loan Party arising out of, under, pursuant to, in connection with, or
evidenced by the Agreement or any of the other Loan Documents and irrespective of whether for the payment of money, whether direct
or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including all interest not paid
when due and all other expenses or other amounts that Borrower is required to pay or reimburse by the Loan Documents or by law
or otherwise in connection with the Loan Documents. Without limiting the generality of the foregoing, the Obligations of Borrower
under the Loan Documents include the obligation to pay (i) the principal of the Loans, (ii) interest accrued on the Loans, (iii)
Lender Group Expenses, (iv) fees payable under the Agreement or any of the other Loan Documents, and (v) indemnities and other
amounts payable by any Loan Party under any Loan Document. Any reference in the Agreement or in the Loan Documents to the Obligations
shall include all or any portion thereof and any extensions, modifications, renewals, or alterations thereof, both prior and subsequent
to any Insolvency Proceeding.

 

“OFAC”
means The Office of Foreign Assets Control of the U.S. Department of the Treasury.

 

“Order”
means any award, writ, injunction, judgment, order or decree entered, issued, made, or rendered by any Governmental Authority.

 

“Ordinary
Course of Business” means, in respect of any transaction involving any Loan Party or any Subsidiary, the ordinary course
of business of such Loan Party or Subsidiary, as conducted by such Loan Party or Subsidiary in accordance with past practices,
as such practice is, or may have been, reasonably modified as a result of the Cases, subject to (a) the filing of the Cases, (b)
any orders of the Bankruptcy Court complying with the terms of the Agreement, and (c) the conduct of the Auction in accordance
with the bidding procedures set forth in the Sale Procedures Order.

 

“Originating
Lender” has the meaning specified therefor in Section ‎13.1(e) of the Agreement.

 

“Other
Connection Taxes” means, with respect to any Lender or Participant, Taxes imposed as a result of a present or former
connection between such Lender or Participant and the jurisdiction imposing such Tax (other than connections arising from such
Lender or Participant having executed, delivered, become a party to, performed its obligations under, received payments under,
received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or
sold or assigned an interest in any Loan or Loan Document).

 

    
Schedule 1.1
Page - 20- 

    

    

"Overbid
Sale Agreement" means one or more asset purchase agreements entered into pursuant to the bidding procedures and following
the auction conducted pursuant to the Sale Procedures Order, collectively with all schedules and exhibits thereto and all other
agreements, documents and instruments related thereto and executed and/or delivered in connection therewith, which Overbid Sale
Agreement is an Acceptable Alternative Sale Agreement, as such Overbid Sale Agreement may be amended, supplemented and/or modified
from time to time as permitted by the Agreement.

 

“Participant”
has the meaning specified therefor in Section ‎13.1(e) of the Agreement.

 

“Participant
Register” has the meaning specified therefor in Section ‎13.1(e) of the Agreement.

 

“Patent
License” means any license or distribution agreement pursuant to which Borrower or any of its Subsidiaries is granted
rights with respect to Patents for use in connection with the use, sale, manufacture, import, export and/or distribution of any
Products.

 

“Patents”
means patents and patent applications, including (a) the patents and patent applications listed on Schedule 4.5 to the
Agreement, (b) all continuations, divisionals, continuations-in-part, re-examinations, reissues, and renewals thereof and improvements
thereon, (c) all income, royalties, damages and payments now and hereafter due or payable under and with respect thereto, including
payments under all licenses entered into in connection therewith and damages and payments for past, present, or future infringements
thereof, (d) the right to sue for past, present, and future infringements thereof, and (e) all of rights corresponding thereto
throughout the world.

 

“Patriot
Act” has the meaning specified therefor in Section ‎4.13 of the Agreement.

 

“Perfection
Certificate” means a certificate in the form of Exhibit P-1 to the Agreement.

 

“Permits”
means, with respect to any Person, any permit, approval, clearance, authorization, license, registration, certificate, concession,
grant, franchise, variance or permission from, and any other contractual obligations with, any Governmental Authority, in each
case whether or not having the force of law and applicable to or binding upon such Person or any of its property or Products or
to which such Person or any of its property or Products is subject, including all Registrations and all Health Care Permits.

 

“Permitted
Collateral Lien” means, with respect to any asset that constitutes Collateral or is required to constitute Collateral
pursuant to any Loan Document, (a) any non-consensual Permitted Lien on such asset that is senior to the Agent’s Lien on
such asset by operation of law, and (b) other than with respect to any material Intellectual Property or Zohydro Assets, any Permitted
Lien on such asset pursuant to clause (f) of the definition of “Permitted Liens”, in any such case, only to the extent
the existence of such Lien and/or the priority of such Lien over the Agent’s Lien on such asset does not violate or contravene
any other provision of the Agreement.

 

“Permitted
Contingent Obligations” means Contingent Obligations (a) existing as of the Petition Date in respect of Permitted Indebtedness
outstanding as of the Petition Date; (b) resulting from endorsements for collection or deposit in the Ordinary Course of
Business; (c) pursuant to agreements outstanding on the Closing Date that do not exceed $1,000,000 individually, or $2,500,000
in the aggregate (and including any refinancings, extensions or amendments to the indebtedness underlying such Contingent Obligations
(to the extent expressly permitted by the Agreement) except to the extent any such refinancing, extension or amendment increases
the amount of the Contingent Obligation relating thereto); (d) incurred in the Ordinary Course of Business with respect to
surety and appeal bonds, performance bonds and other similar obligations not to exceed $1,000,000 in the aggregate at any time

 

    
Schedule 1.1
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outstanding;
(e) arising with respect to customary indemnification obligations in favor of purchasers in connection with dispositions of personal
property assets that are Permitted Dispositions; (f) existing or arising under any Hedge Contract, so long as there exists
no Event of Default both immediately before and immediately after giving effect to any such transaction, and provided, that such
obligations are (or were) entered into by a Loan Party in the Ordinary Course of Business for the purpose of mitigating risks
associated with interest rates, commodity prices, currency, liabilities, commitments, investments, assets, or property held or
reasonably anticipated by such Person and not for purposes of speculation; (g) that are Permitted Investments; (h) that
constitute Permitted Indebtedness or are with respect to indebtedness that constitutes Permitted Indebtedness; (i) pursuant
to the Zogenix Purchase Agreement as in effect on the Petition Date; and (j) not permitted by clauses (a) through (i) above, not
to exceed $1,000,000 in the aggregate at any time outstanding.

 

“Permitted
Dispositions” means:

 

(a)       sales,
abandonment, or other dispositions of Equipment that is substantially worn, damaged, or obsolete or no longer used or useful in
the Ordinary Course of Business and leases or subleases of Real Property not useful in the conduct of the business of Borrower
and its Subsidiaries,

 

(b)       sales
of Inventory to buyers (including without limitation, sales of inventory to Affiliates to the extent permitted pursuant to Section
‎6.10 of the Agreement) in the Ordinary Course of Business,

 

(c)       the
disposition of Cash Equivalents in the Ordinary Course of Business in a manner that is not prohibited by the terms of the Agreement,

 

(d)       the
entry into Non-Exclusive Licenses; provided that the Borrower will not, and will not permit its Subsidiaries to, enter into any
Non-Exclusive License unless the following conditions are met:

 

(i)
       the relevant Loan Party receives consideration at the time of the Non-Exclusive License
at least equal to fair market value (determined by Borrower, or, in the case of any Non-Exclusive License valued in excess of
$2,500,000, by the Board of Directors of Borrower) of such Non-Exclusive License,

 

(ii)
       100% of the consideration consists of cash or Cash Equivalents (it being understood
that any deferred payment, milestone payment, royalty payment or other contingent payment in connection with any sale or licensing
of Intellectual Property, in each case, to be paid in cash or Cash Equivalents, shall constitute cash consideration for purposes
of this clause (ii)), and

 

(iii)
       the Borrower shall comply with Section 2.4(d)(ii) of the Agreement in connection with
such Non-Exclusive License,

 

(e)       the
granting of Permitted Liens,

 

(f)       the
sale or discount, in each case without recourse, of accounts receivable arising in the Ordinary Course of Business, but only in
connection with the compromise or collection thereof,

 

(g)       any
involuntary loss, damage or destruction of property of Borrower or any Subsidiary,

 

(h)       any
involuntary condemnation, seizure or taking, by exercise of the power of

 

    
Schedule 1.1
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eminent
domain or otherwise, or confiscation or requisition of use of property,

 

(i)       the
leasing or subleasing of any real or personal property of Borrower or its Subsidiaries in the Ordinary Course of Business,

 

(j)       [reserved],

 

(k)       the
lapse or abandonment of patents, trademarks, copyrights, or other Intellectual Property rights, in each case, that are not material
and in the Ordinary Course of Business and that is, in the reasonable judgment of the Borrower, no longer economically practicable
or commercially reasonable to maintain or useful in any material respect in the conduct of business of Borrower and its Subsidiaries,
taken as a whole, so long as, (A) with respect to copyrights, such copyrights are not material revenue generating copyrights and
(B) such lapse or abandonment is not materially adverse to the interests of the Lender Group,

 

(l)       the
making of Restricted Payments that are expressly permitted to be made pursuant to the Agreement,

 

(m)       the
making of Permitted Investments,

 

(n)       so
long as no Event of Default has occurred and is continuing or would immediately result therefrom, transfers of assets (i) from
Borrower or any of its Subsidiaries to a Loan Party, and (ii) from any Subsidiary of Borrower that is not a Loan Party to any
Loan Party,

 

(o)       any
other disposition (other than a Non-Exclusive License) in a transaction or series of related transactions of assets with a fair
market value of less than $100,000 and less than $150,000 for all dispositions pursuant to this clause (o),

 

(q)       the
sale transactions contemplated by any Sale Agreement; provided that, other than with respect to the sale transactions pursuant
to the Stalking Horse Sale Agreement, (i) such sale transactions, collectively, shall provide for Net Cash Proceeds in an aggregate
amount sufficient for the payment in full in cash of the Obligations after giving effect to the closing(s) of the sale(s) contemplated
thereby in accordance with the terms of such agreement(s), and (ii) on the closing date of the sales contemplated by the Sale
Agreement, sufficient Net Cash Proceeds thereof are applied to repay the Obligations in full in cash and the Commitments are terminated,
and

 

(r)       any
sale of any Treximet Assets pursuant to Section 363 of the Bankruptcy Code.

 

“Permitted
Holders” means (a) any Person identified as a Lender on the signature pages to the Agreement as of the Closing Date
(not including any of their respective assignees that become Lenders from time to time after the Closing Date), regardless of
whether or not such Person continues to be party to the Agreement as a Lender at the relevant time of determination, (b) any Affiliate
of any Person referred to in clause (a) above, (c) any other Person (other than a natural person) that is engaged in making, purchasing,
holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered, advised or
managed by (i) any Person referred to in clause (a) or (b) above or (ii) an entity or an Affiliate of an entity that administers,
advises or manages any Person referred to in clause (a) or (b) above, (d) any fund or investment vehicle that is managed by the
same entity that manages a Person identified as a Lender on the signature pages to the Agreement as of the Closing Date, and (e)
any other Person with which one or more Persons referred to in clauses (a), (b), (c) and/or (d) above forms a “group”
(within the meaning of Section 14(d) of the Exchange Act) so long as, in the case of this clause (e), one or more Persons referred
to in clauses (a), (b), (c) and/or (d) above beneficially

 

    
Schedule 1.1
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own,
directly or indirectly, more than 50% in the aggregate of the relevant voting stock beneficially owned by the group.

 

“Permitted
Indebtedness” means:

 

(a)       Indebtedness
evidenced by the Agreement or the other Loan Documents,

 

(b)       Indebtedness
set forth on Schedule 4.14(a) to the Agreement,

 

(c)       Permitted
Purchase Money Indebtedness incurred by a Loan Party not constituting Indebtedness in connection with mortgage financings and
capital leases, in an aggregate amount for this clause (c) not to exceed $200,000 outstanding at any time (whether in the form
of a loan or a lease) used solely to acquire equipment or other assets used in the Ordinary Course of Business and secured only
by such equipment or other assets,

 

(d)       endorsement
of instruments or other payment items for deposit in the Ordinary Course of Business,

 

(e)       trade
accounts payable arising and paid on a timely basis and in the Ordinary Course of Business,

 

(f)       Indebtedness,
if any, arising under Hedge Agreements that are incurred for the bona fide purpose of hedging the interest rate, commodity, or
foreign currency risks associated with Borrower’s and its Subsidiaries’ operations and not for speculative purposes,

 

(g)       [reserved],

 

(h)       Permitted
Intercompany Advances;

 

(i)       unsecured
Indebtedness in respect of bid, performance, appeal and surety bonds, including guarantees or obligations of the Loan Parties
with respect to letters of credit supporting such bid, performance and surety bonds or other forms of credit enhancement supporting
performance obligations under services contracts, workers’ compensation claims, self-insurance obligations, unemployment
insurance, health, disability and other employee benefits or property, casualty or liability insurance, in each case incurred
in the Ordinary Course of Business,

 

(j)       unsecured
Indebtedness arising from postpetition agreements to provide for indemnification, adjustment of purchase price, or other similar
obligations, in each case, incurred in connection with Permitted Dispositions subject to the limits set forth in the definition
thereof,

 

(k)       unsecured
postpetition Indebtedness arising from agreements to provide for indemnification, adjustment of purchase price, earn-outs or other
similar obligations to which the seller may become entitled, in each case, incurred in connection with any Investment permitted
hereby, to the extent such payment is determined by a final closing balance sheet, working capital calculation or other similar
method or such payment depends on the performance of such business or assets after the closing; provided, that, (1) at
the time of closing, the amount of any such payment is not determinable or is of a contingent nature and, to the extent such payment
thereafter becomes fixed and finally determined, the amount is paid within 60 days thereafter and (2) the only obligor in respect
of such Indebtedness is the relevant Subsidiary that is the acquirer or investor, as applicable, in such permitted Investment,

 

(l)       Indebtedness
composing Permitted Investments,

 

    
Schedule 1.1
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(m)       unsecured
Indebtedness incurred in respect of netting services, overdraft protection, and other like services, in each case, incurred in
the Ordinary Course of Business,

 

(n)       reimbursement
obligations in connection with any letters of credit, in accordance with the Approved Budget, subject to Permitted Variances,
but in any event in an aggregate outstanding amount not to exceed $150,000,

 

(o)       any
other unsecured Indebtedness incurred by Borrower or any of its Subsidiaries in an aggregate outstanding amount not to exceed
$100,000 at any one time.

 

“Permitted
Intercompany Advances” means loans made by (a) a Loan Party to another Loan Party, (b) [reserved], and (c) a Subsidiary
of Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to an intercompany subordination
agreement substantially in the form of Exhibit I-1 hereto or such loan is subject to other subordination provisions reasonably
acceptable to the Required Lenders.

 

“Permitted
Investments” means:

 

(a)
       Investments in cash and Cash Equivalents;

 

(b)       Investments
in negotiable instruments deposited or to be deposited for collection in the Ordinary Course of Business,

 

(c)       
advances made in connection with purchases of goods or services in the Ordinary Course of Business,

 

(d)       Investments
received in settlement of amounts due to any Loan Party or any of its Subsidiaries effected in the Ordinary Course of Business
or owing to any Loan Party or any of its Subsidiaries as a result of Insolvency Proceedings involving an account debtor or upon
the foreclosure or enforcement of any Lien in favor of a Loan Party or its Subsidiaries,

 

(e)
       Investments owned by any Loan Party or any of its Subsidiaries on the Closing Date and
set forth on Schedule P-1 to the Agreement,

 

(f)       guarantees
permitted under the definition of Permitted Indebtedness,

 

(g)
       Permitted Intercompany Advances,

 

(h)
       Equity Interests or other securities acquired in connection with the satisfaction or
enforcement of Indebtedness or claims due or owing to a Loan Party or its Subsidiaries (in bankruptcy of customers or suppliers
or in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the Ordinary Course
of Business) or as security for any such Indebtedness or claims,

 

(i)
       deposits of cash in the Ordinary Course of Business to secure performance of operating
leases,

 

(j)
       loans and advances to employees and officers of Borrower or any of its Subsidiaries
in the Ordinary Course of Business for any business purpose (other than the purchase of the Borrower’s Equity Interests),
so long as the aggregate amount of all such loans or advances outstanding at any time does not exceed $150,000,

 

(k)
       Investments resulting from entering into Bank Product Agreements,

 

    
Schedule 1.1
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(l)
       to the extent outstanding as of the Petition Date, the Investment by Borrower in Pernix
Ireland evidenced by the Treximet Intercompany Note,

 

(m)       
Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who
are not Affiliates, in the Ordinary Course of Business,

 

(n)
       (i) Investments by any Loan Party in another Loan Party, (ii) Investments by any non-Loan
Party in any Loan Party, and (iii) Investments held by any non-Loan Party as of the Closing Date, and

 

(o)
       so long as no Event of Default has occurred and is continuing or would result therefrom,
any other Investments in an aggregate amount not to exceed $150,000 (with the fair market value of such Investments being measured
at the time such Investment is made without giving effect to subsequent changes in value) during the term of the Agreement.

 

“Permitted
Liens” means:

 

(a)
       Liens granted to, or for the benefit of, Agent to secure the Obligations,

 

(b)
       Liens for unpaid taxes, assessments, or other governmental charges or levies that either
(i) are not yet delinquent, or (ii) do not have priority over Agent’s Liens and the underlying taxes, assessments, or charges
or levies are the subject of Permitted Protests,

 

(c)
       judgment Liens arising solely as a result of the existence of judgments, orders, or
awards that do not constitute an Event of Default under Section ‎8.3 of the Agreement,

 

(d)
       Liens set forth on Schedule P-2 to the Agreement; provided, that to qualify
as a Permitted Lien, (i) any such Lien described on Schedule P-2 to the Agreement shall only secure the Indebtedness that
it secures on the Petition Date and (ii) such Liens shall only encumber the assets that secured such Indebtedness as of the Petition
Date,

 

(e)
       the interests of lessors under operating leases in the Ordinary Course of Business,

 

(f)
       any Lien on any equipment or other assets (other than material Intellectual Property)
securing Indebtedness permitted under clause (c) of the definition of Permitted Indebtedness; provided that (i) such Lien attaches
concurrently with or within one hundred twenty (120) days after the acquisition thereof and only to the asset purchased or acquired
and the proceeds thereof and (ii) such Lien only secures the Indebtedness that was incurred to acquire the asset purchased or
acquired or any Refinancing Indebtedness in respect thereof,

 

(g)
       Liens arising by operation of law in favor of warehousemen, landlords, carriers, mechanics,
materialmen, laborers, or suppliers, incurred in the Ordinary Course of Business and not in connection with the borrowing of money,
and which Liens either (i) are for sums not yet delinquent, or (ii) are the subject of Permitted Protests,

 

(h)       
Liens on amounts deposited to secure Borrower’s and its Subsidiaries obligations in connection with worker’s compensation
or other unemployment insurance (but excluding Liens arising under ERISA) pertaining to any Loan Party’s or its Subsidiaries’
employees in the Ordinary Course of Business,

 

(i)       
Liens on amounts deposited to secure Borrower’s and its Subsidiaries obligations in connection with the making or entering
into of bids, tenders, or leases in the Ordinary

 

    
Schedule 1.1
Page - 26- 

    

    

Course
of Business and not in connection with the borrowing of money or the deferred purchase price of property or services,

 

(j)
       Liens on amounts deposited to secure Borrower’s and its Subsidiaries reimbursement
obligations with respect to surety or appeal bonds obtained in the Ordinary Course of Business,

 

(k)
       with respect to any Real Property, easements, rights of way, and zoning restrictions
that do not, individually or in the aggregate, materially affect the value or marketability of the applicable asset or impair
the use or operation thereof,

 

(l)
       Liens arising under Non-Exclusive Licenses,

 

(m)
       [reserved],

 

(n)
       rights of setoff or bankers’ liens upon deposits of funds in favor of banks or
other depository institutions, solely to the extent incurred in connection with the maintenance of such Deposit Accounts in the
Ordinary Course of Business,

 

(o)
       Liens granted in the Ordinary Course of Business on the unearned portion of insurance
premiums securing the financing of insurance premiums to the extent the financing is permitted under the definition of Permitted
Indebtedness,

 

(p) Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties which are not past
due in connection with the importation of goods by the Loan Parties or their Subsidiaries in the Ordinary Course of Business,

 

(q)
       Liens solely on any cash earnest money deposits made by Borrower or any of its Subsidiaries
in connection with any letter of intent or purchase agreement with respect to any Investment permitted hereby,

 

(r) [reserved],

 

(s) 
Liens (including any adequate protection replacement Liens granted under the DIP Orders) as provided for in the DIP Orders;
provided that such Liens are made expressly junior to the Liens securing the Obligations,

 

(t)
       a Lien on cash collateral in accordance with the Approved Budget, subject to Permitted
Variances, but in any event not to exceed $157,500 in the aggregate, securing the reimbursement obligations of the Borrower and
its material Subsidiaries under any letter of credit permitted pursuant to clause (n) of the definition of “Permitted Indebtedness”;
provided that the amount of cash collateral in respect of any such letter of credit shall not exceed 105% of the face amount thereof,

 

(u)
        precautionary UCC-1 financing statement filings that are filed by lessors with respect
to operating leases entered into by the Loan Parties in the Ordinary Course of Business, and

 

(w)
       other Liens which do not secure Indebtedness for borrowed money or letters of credit
and as to which the aggregate amount of the obligations secured thereby does not exceed $150,000.

 

“Permitted
Prior Lien” has the meaning specified therefor in the applicable DIP Order.

 

“Permitted
Protest” means the right of Borrower or any of its Subsidiaries to protest any

 

    
Schedule 1.1
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Lien
(other than any Lien that secures the Obligations), taxes (other than payroll taxes or taxes that are the subject of a United
States federal tax lien or an Irish tax lien), or rental payment, provided that (a) a reserve or other appropriate provision with
respect to such obligation is established on Borrower’s or its Subsidiaries’ books and records in such amount as is
required under GAAP, (b) any such protest is instituted promptly and prosecuted diligently by Borrower or its Subsidiary, as applicable,
in good faith, (c) Agent is satisfied that, while any such protest is pending, there will be no impairment of the enforceability,
validity, or priority of any of Agent’s Liens, (d) compliance with the obligation that is the subject of such contest is
effectively stayed during such challenge; (e) the title to, and right to use, the applicable asset by any Loan Party or the
Subsidiaries of any Loan Party are not adversely affected thereby; (f) the applicable asset or any part thereof or any interest
therein shall not be in any danger of being sold, forfeited or lost by reason of such contest by any Loan Party or any Subsidiaries
of any Loan Party; and (g) upon a final, non-appealable determination of such protest, any Loan Party and the Subsidiaries
of any Loan Party shall promptly comply with the requirements thereof.

 

“Permitted
Purchase Money Indebtedness” means, as of any date of determination, Indebtedness (other than the Obligations, but including
Capitalized Lease Obligations), incurred after the Closing Date and at the time of, or within 20 days after, the acquisition of
any fixed assets for the purpose of financing all or any part of the acquisition cost thereof, in an aggregate principal amount
outstanding at any one time not in excess of the amount permitted pursuant to clause (c) of the definition of “Permitted
Indebtedness”.

 

“Permitted
Variances” has the meaning specified therefor in the applicable DIP Order. Any waiver of any variances from the Approved
Budget that do not constitute Permitted Variances shall be subject to the consent of the Required Lenders in their sole discretion

 

“Pernix
Ireland” means Pernix Ireland Limited, formerly known as Worrigan Limited, a wholly owned Subsidiary of Borrower and
a private company limited by shares incorporated under the laws of Ireland.

 

“Pernix
Ireland Pain” means Pernix Ireland Pain Designated Activity Company (f/k/a Pernix Ireland Pain Limited), a designated
activity company organized under the laws of the Republic of Ireland.

 

“Petition
Date” has the meaning specified therefor in the recitals to the Agreement.

 

“Person”
means natural persons, corporations, limited liability companies, limited partnerships, general partnerships, limited liability
partnerships, joint ventures, trusts, land trusts, business trusts, or other organizations, irrespective of whether they are legal
entities, and governments and agencies and political subdivisions thereof.

 

“Platform”
has the meaning specified therefor in Section ‎17.9(c) of the Agreement.

 

“Prepetition
Collateral” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Payment” means a payment (by way of adequate protection or otherwise) of principal or interest or otherwise on account
of any prepetition Indebtedness or trade payables (including, without limitation, in respect of reclamation claims) or other prepetition
claims against any Debtor.

 

“Prepetition
Revolving Agent” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Revolving Financing Documents” has the meaning specified therefor in the

 

    
Schedule 1.1
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applicable
DIP Order.

 

“Prepetition
Revolving Obligations” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Revolving Secured Parties” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Secured Parties” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Term Agent” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Term Collateral” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Term Financing Documents” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Term Obligations” has the meaning specified therefor in the applicable DIP Order.

 

“Prepetition
Term Secured Parties” has the meaning specified therefor in the applicable DIP Order.

 

“Primed
Liens” has the meaning specified therefor in Section 2.14(c) of the Agreement.

 

“Products”
means any FDA-approved product that is marketed and sold in the United States by any Loan Party or any of its Subsidiaries and
shall include by reference Registrations that are required to conduct the Borrower’s business as currently conducted and
any Subsidiary’s business as conducted from time to time.

 

“Projections”
means any forecasts, projections or other forward-looking information furnished by or on behalf of a Loan Party or its Subsidiaries
in writing to Agent or any Lender for purposes of or in connection with this Agreement or the other Loan Documents.

 

“Pro
Rata Share” means, as of any date of determination, the percentage obtained by dividing (i) the outstanding Loans and
unused Commitments of such Lender by (ii) the sum of the aggregate outstanding Loans and unused Commitments of all Lenders.

 

“Public
Lender” has the meaning specified therefor in Section ‎17.9(c) of the Agreement.

 

“Qualified
Equity Interest” means and refers to any Equity Interests issued by Borrower (and not by one or more of its Subsidiaries)
that is not a Disqualified Equity Interest.

 

“Real
Property” means any estates or interests in real property now owned or hereafter acquired by Borrower or one of its
Subsidiaries and the improvements thereto.

 

“Record”
means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable
in perceivable form.

 

“Refinancing
Indebtedness” means refinancings, renewals, or extensions of Indebtedness (other than prepetition Indebtedness of any
Debtor) so long as:

 

    
Schedule 1.1
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(a)
       such refinancings, renewals, or extensions do not result in an increase in the principal
amount of the Indebtedness so refinanced, renewed, or extended, other than by the amount necessary to pay any premiums paid thereon
and the fees and expenses incurred in connection therewith and by the amount of unfunded commitments with respect thereto,

 

(b)
       such refinancings, renewals, or extensions do not result in a shortening of the average
weighted maturity (measured as of the refinancing, renewal, or extension) of the Indebtedness so refinanced, renewed, or extended,
nor are they on terms or conditions that, taken as a whole, are or could reasonably be expected to be more restrictive to the
Loan Parties or materially adverse to the interests of the Agent or Lenders,

 

(c)
       if the Indebtedness that is refinanced, renewed, or extended was subordinated in right
of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension must include subordination
terms and conditions that are at least as favorable to the Lender Group as those that were applicable to the refinanced, renewed,
or extended Indebtedness,

 

(d)
       the Indebtedness that is refinanced, renewed, or extended (i) is not recourse to any
Person that is liable on account of the Obligations other than those Persons which were obligated with respect to the Indebtedness
that was refinanced, renewed, or extended and (ii) will not have any guarantors that did not guarantee the Indebtedness that was
refinanced, renewed, or extended, and

 

(e)       such
refinancings, renewals, or extensions do not result in Indebtedness (i) with a stated maturity prior to the stated maturity of
the Indebtedness so refinanced, renewed, or extended or (ii) that is secured by any collateral that did not secure the Indebtedness
so refinanced, renewed, or extended and, for the avoidance of doubt, if the Indebtedness so refinanced, renewed, or extended is
unsecured, the new Indebtedness will not be secured.

 

“Registrations”
means all Permits and exemptions issued or allowed by any Governmental Authority (including but not limited to new drug applications,
abbreviated new drug applications, biologics license applications, investigational new drug applications, over-the-counter drug
monograph, device pre-market approval applications, device pre-market notifications, investigational device exemptions, product
recertifications, manufacturing approvals and authorizations, CE Marks, pricing and reimbursement approvals, labeling approvals
or their foreign equivalent, controlled substance registrations, and wholesale distributor permits) held by, or applied by contract
to, any Loan Party or any of its Subsidiaries, that are required for the research, development, manufacture, distribution, marketing,
storage, transportation, use and sale of the Products of any Loan Party or any of its Subsidiaries.

 

“Regulatory
Action” means a governmental administrative or regulatory action, proceeding or investigation related to the safety,
efficacy, manufacture, marketing, sale and/or reimbursement of one or more Products.

 

“Regulatory
Authority” means the U.S. Food and Drug Administration or any successor thereto or any comparable Governmental Authority
that is concerned with the safety, efficacy, reliability, manufacture, sale, advertising, promotion, reimbursement, import, export
or marketing of medical products or drugs.

 

“Regulatory
Matters” means governmental administrative or regulatory matters related to or as a result of relevant Health Care Laws.

 

“Related
Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course and that is administered, advised or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an

 

    
Schedule 1.1
Page - 30- 

    

    

entity
or an Affiliate of an entity that administers, advises or manages a Lender.

 

“Related
Parties” with respect to any Person, means such Person's Affiliates and the directors, officers, employees, partners,
agents, trustees, administrators, managers, advisors and representatives of such Person and its Affiliates.

 

“Remedial
Action” means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate, or in
any way address a release of Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened
release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare or the indoor
or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, investigations,
or post-remedial operation and maintenance activities, or (e) conduct any other actions with respect to a release of Hazardous
Materials, in each case as required by Environmental Laws.

 

“Reorganization
Plan” means a chapter 11 plan or plans filed in any of the Cases.

 

“Replacement
Lender” has the meaning specified therefor in Section ‎2.13(b) of the Agreement.

 

“Required
Lenders” means, at any time, Lenders having or holding more than 50% of the aggregate Loans and undrawn Commitments
of all Lenders; provided, that (i) the Loans and undrawn Commitments of any Defaulting Lender shall be disregarded in the
determination of the Required Lenders and (ii) at any time there are 2 or more Lenders, “Required Lenders” must include
at least 2 Lenders (who are not Affiliates of one another).

 

"Replacement
Sale Agreement" means one or more sale agreements entered into within five days following the termination, rescission
or revocation of the Stalking Horse Sale Agreement or Overbid Sale Agreement, as the case may be, collectively with all schedules
and exhibits thereto and all other agreements, documents and instruments related thereto and executed and/or delivered in connection
therewith, which Replacement Sale Agreement is an Acceptable Alternative Sale Agreement, as such Replacement Sale Agreement may
be amended, supplemented and/or modified from time to time as permitted by the Agreement.

 

“Requirement
of Law” means, as to any Person, any law (statutory or common), ordinance, treaty, rule, regulation, order, policy,
other legal requirement or determination of an arbitrator or of a Governmental Authority, in each case applicable to or binding
upon such Person or any of its Property or Products or to which such Person or any of its Property or Products is subject, including
all applicable Health Care Laws.

 

“Restricted
Payment” means, as to any Person (a) any dividend or other distribution (whether in cash, securities or other property)
on any Equity Interest in such Person (except those payable solely in its Equity Interest of the same class), (b) any payment
by such Person on account of (i) the purchase, redemption, retirement, defeasance, surrender, cancellation, termination or acquisition
of any Equity Interest in such Person or any claim respecting the purchase or sale of any Capital Stock in such Person, or (ii)
any option, warrant or other right to acquire any Equity Interest in such Person, (c) any management fees, salaries or other fees
or compensation to any Person holding any Equity Interest in a Loan Party or a Subsidiary or an Affiliate of a Loan Party or an
Affiliate of any Subsidiary of a Loan Party (in each case, other than (A) payments of salaries and customary bonuses to individuals,
(B) directors fees, (C) advances and reimbursements to employees or directors and (D) customary indemnities to employees and directors,
all in the Ordinary Course of Business), (d) any lease or rental payments to an Affiliate or a Subsidiary of a Loan Party, or
(e) repayments of or debt service on loans or other

 

    
Schedule 1.1
Page - 31- 

    

    

indebtedness
(other than “earnouts” and similar payment obligations) held by any Person holding any Equity Interest in a Loan Party
or a Subsidiary of a Loan Party, an Affiliate of a Loan Party or an Affiliate of any Subsidiary of a Loan Party (other than in
respect of any Permitted Indebtedness). For purposes of this definition, “Affiliate” of Borrower, any Loan Party or
any of their respective Subsidiaries shall not include any Permitted Holder.

 

"Sale
Agreement" means the Stalking Horse Sale Agreement, an Overbid Sale Agreement or a Replacement Sale Agreement.

 

“Sale
Order” means the form of order attached as Exhibit 4 to the Stalking Horse Sale Agreement as in effect on the date hereof,
or once entered, the order of the Bankruptcy Court, which order shall be substantially in the form attached as Exhibit 4 to the
Stalking Horse Sale Agreement as in effect on the date hereof, with such changes as may be required by the Bankruptcy Court that
are in form and substance acceptable to the Lenders.

 

“Sale
Procedures” means the bidding procedures set forth in the Sale Procedures Order, to be entered by the Bankruptcy Court.

 

“Sale
Procedures Order” means the form of order attached as Exhibit 5 to the Stalking Horse Sale Agreement as in effect on
the date hereof, or once entered, the order of the Bankruptcy Court, which order shall be substantially in the form attached as
Exhibit 5 to the Stalking Horse Sale Agreement as in effect on the date hereof, with such changes as may be required by the Bankruptcy
Court that are in form and substance reasonably acceptable to the Lenders.

 

“Sanctioned
Entity” means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization
directly or indirectly controlled by a country or its government or (d) a Person resident in or determined to be resident in a
country, in each case, that is subject to a comprehensive country sanctions program administered and enforced by OFAC (currently,
such programs target Crimea, Cuba, Iran, North Korea, Sudan and Syria).

 

“Sanctioned
Person” means a person named on the list of Specially Designated Nationals maintained by OFAC.

 

“S&P”
has the meaning specified therefor in the definition of Cash Equivalents.

 

“SEC”
means the United States Securities and Exchange Commission and any successor thereto.

 

“Secured
Parties” means, collectively, the Lenders, the Agent and any other holder of the Obligations, and “Secured Party”
means any one of them.

 

“Securities
Account” means a securities account (as that term is defined in the Code).

 

“Securities
Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder,
and any successor statute.

 

“Services
Agreement” means that certain Services Agreement, dated as of July 27, 2018, between Nalpropion and Pernix Therapeutics,
LLC, as amended by that certain Amendment No. 1 to Services Agreement, as further amended by that certain Amendment No. 2 to Services
Agreement, and as further amended, supplemented or otherwise modified from time to time.

 

“Silenor”
means the prescription pharmaceutical product containing doxepin and

 

    
Schedule 1.1
Page - 32- 

    

    

marketed
under the Silenor® trademark.

 

“Silenor
Assets” means with respect to Borrower or any Subsidiary of Borrower, its right, title and interest in, to and under
all personal property consisting of, relating to, or developed or used in connection with Silenor, whether now owned or existing
or hereafter acquired or arising and wherever located, including all proceeds, products, accessions, rents, profits of or in respect
of any of the foregoing, without limitation, the Intellectual Property rights of Borrower or any of its Subsidiaries relating
to Silenor and all rights of Borrower or any of its Subsidiaries under and arising out of the Silenor Contracts.

 

“Silenor
Contracts” means (i) the License Agreement dated as of August 25, 2003, between ProCom One, Inc. and Pernix Sleep, Inc.
(“Pernix Sleep”) (as successor in interest); (ii) the License Agreement dated as of June 7, 2011, between Paladin
Labs Inc. and Pernix Sleep (as successor in interest); (iii) the License Agreement dated as of April 26, 2012, between CJ CheilJedang
Corporation and Pernix Sleep (as successor in interest); (iv) the Settlement and License Agreement dated as of July 17, 2012,
by and among ProCom One, Inc., Mylan Inc., Mylan Pharmaceuticals, Inc. and Pernix Sleep (as successor in interest); (v) the Manufacturing
Services Agreement dated as of February 1, 2006 between Patheon Pharmaceuticals Inc. and Pernix Sleep (as successor in interest);
(vi) the Manufacturing Services Agreement dated as of July 17, 2012, between Mylan Pharmaceuticals Inc. and Pernix Sleep (as successor
in interest); (vii) the Supply Agreement dated as of June 7, 2011, between Paladin Labs Inc. and Pernix Sleep (as successor in
interest); (viii) the Supply Agreement dated as of April 26, 2012, between CJ CheilJedang Corporation and Pernix Sleep (as successor
in interest); (ix) the Purchase Agreement dated as of June 7, 2011, between Paladin Labs Inc. and Pernix Sleep (as successor in
interest); (x) any other contracts relating to the Silenor Assets as of the Closing Date; and (xi) each amendment, modification
or restatement thereof or substitute agreement for any such agreement specified in clauses (i) through (x).

 

“Specified
Contracts” has the meaning specified therefor in Article 7 of the Agreement.

 

“Stalking
Horse Sale Agreement” means that certain Asset Purchase Agreement, dated as of February 18, 2019, amount the Loan Parties
and the other Debtors, as sellers, and Phoenix Top Holdings LLC, as the buyer, as amended, restated, supplemented or otherwise
modified from time to time on terms and conditions reasonably acceptable to the Required Lenders.

 

“Subsidiary”
means, with respect to any Person, any corporation, association, partnership or other business entity of which more than 50% of
the total voting power of shares of Equity Interests or other interests (including partnership interests) entitled (without regard
to the occurrence of any contingency) to vote in the election of directors, managers, general partners or trustees (or other governing
body) thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more
Subsidiaries of such Person; or (iii) one or more Subsidiaries of such Person.

 

“Superpriority
Claim” has the meaning specified therefor in the applicable DIP Order.

 

“Taxes”
means any taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter imposed or levied
by any jurisdiction or by any political subdivision or taxing authority thereof or therein, and all interest, penalties or similar
liabilities with respect thereto.

 

“Tax
Lender” has the meaning specified therefor in Section ‎14.2(a) of the Agreement.

 

“TCA”
means the Taxes Consolidation Act 1997 of Ireland.

 

“Trademarks”
means any and all trademarks, trade names, registered trademarks, trademark applications, service marks, registered service marks
and service mark applications, including

 

    
Schedule 1.1
Page - 33- 

    

    

(a)
the trade names, registered trademarks, trademark applications, registered service marks and service mark applications listed
on Schedule 4.5 to the Agreement, (b) all renewals thereof, (c) all income, royalties, damages and payments now and hereafter
due or payable under and with respect thereto, including payments under all licenses entered into in connection therewith and
damages and payments for past or future infringements or dilutions thereof, (d) the right to sue for past, present and future
infringements and dilutions thereof, (e) the goodwill of the business symbolized by the foregoing or connected therewith, and
(f) all rights corresponding thereto throughout the world.

 

“Transactions”
means collectively, (a) the entering into of the Loan Documents to be executed on the Closing Date and the incurrence of the Loans,
(b) the repayment of all outstanding loans under the Prepetition Revolving Credit Agreement, together with all accrued and unpaid
interest on such loans and the accrued and unpaid unused line fee thereunder on the Closing Date and (c) the payment of fees,
costs and expenses in connection with the foregoing and with the Cases.

 

“Treximet
Assets” means the Treximet Intellectual Property, all Inventory used or held for use in the Treximet Business and the
assets identified as the Product Working Capital Assets in the Reference Statement, to the extent related to the Treximet Business;
provided that no Shared GTN Contract shall be a Treximet Asset. Capitalized terms used in this definition shall have the
meaning specified therefor in the Stalking Horse Sale Agreement as in effect on the Closing Date.

 

“Treximet
Intercompany Note” means that certain promissory note dated as of August 19, 2014 in the principal outstanding amount
of $225,500,000 as of the Petition Date executed by Pernix Ireland in favor of Borrower.

 

“TSA”
means that certain Transitional Distribution Services Agreement, dated January 6, 2019, between Nalpropion and Pernix Therapeutics,
LLC, as amended, supplemented or otherwise modified from time to time.

 

“United
States” or “U.S.” means the United States of America.

 

“Voidable
Transfer” has the meaning specified therefor in Section ‎17.8 of the Agreement.

 

“Zohydro”
means the pharmaceutical product containing hydrocodone birtartrate and marketed under the Zohydro® trademark.

 

“Zohydro
Assets” means, with respect to Borrower or any Subsidiary of Borrower, its right, title and interest in, to and under
all personal property consisting of, relating to, or developed or used in connection with Zohydro, whether now owned or existing
or hereafter acquired or arising and wherever located, including, without limitation, all proceeds, products, accessions, rents,
profits of or in respect of any of the foregoing, the Intellectual Property of Borrower or any of its Subsidiaries relating to
Zohydro and all rights of Borrower or any of its Subsidiaries under and arising out of the Zohydro Contracts.

 

“Zohydro
Contracts” means (i) the Asset Purchase Agreement dated as of March 10, 2015 by and among Pernix Ireland Pain (as successor
in interest to Pernix Ireland Limited, a private company limited by shares incorporated under the laws of the Republic of Ireland
and including any permitted assignees) and Zogenix (as amended, restated or otherwise modified, subject to the proviso to clause
(v) of this definition, the “Zogenix Purchase Agreement”), (ii) the License Agreement between Elan Pharma International
Limited and Pernix Ireland Pain, dated as of November 27, 2007, (iii) the Commercial Manufacturing and Supply Agreement between
Daravita Limited and Pernix Ireland Pain, dated as of March 5, 2015, (iv) each other contract relating to the Zohydro Assets existing
on the Closing

 

    
Schedule 1.1
Page - 34- 

    

    

Date,
and (v) each amendment, modification or restatement thereof or substitute or similar agreement for any such agreement specified
in clauses (i) through (iv) above; provided, that the terms of any such amendment, modification, restatement or substitute
agreement not made in the Ordinary Course of Business (x) shall be no more restrictive, taken as a whole, than the existing terms
of the agreement being so amended, modified, restated or substituted, as the case may be and (y) shall not be materially adverse
to the Agent or the Lenders.

 

“Zogenix”
means Zogenix, Inc., a Delaware corporation.

 

“Zogenix
Purchase Agreement” has the meaning specified in the definition of “Zohydro Contracts”.

 

    
Schedule 1.1
Page - 35- 

    

    

Schedule
3.1

 

Conditions
Precedent to Closing Date Loan

 

The occurrence
of the Closing Date and the obligation of each Lender to make the Closing Date Loans provided for hereunder is subject to the
fulfillment, to the satisfaction of Agent and each Lender, of each of the following conditions precedent (the making of such initial
extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent):

 

(a)               
[Reserved];

 

(b)               
Agent shall have received each of the following documents, in form and substance satisfactory to Agent, duly authorized,
executed and delivered by each of the parties thereto, and each such document shall be in full force and effect:

 

(i)                
the Guaranty and Security Agreement,

 

(ii)              
the Intercompany Subordination Agreement,

 

(iii)            
a completed Perfection Certificate for each of the Loan Parties, and

 

(iv)             
Notes executed by the Borrower for the account of each Lender which has requested a note at least three (3) Business Days
prior to the Closing Date;

 

(c)               
Agent shall have received a certificate from the Secretary of each Loan Party (i) attesting to the resolutions of its Board
of Directors authorizing its execution, delivery, and performance of the Loan Documents to which it is a party, (ii) authorizing
its Authorized Persons to execute the same, and (iii) attesting to the incumbency and signatures of such Authorized Persons;

 

(d)               
Agent shall have received copies of each Loan Party’s Governing Documents, as amended, modified, or supplemented
to the Closing Date, which Governing Documents shall be certified by the Secretary of such Loan Party and with respect to Governing
Documents of a Loan Party that are charter documents, certified (if applicable in such Loan party’s jurisdiction of formation)
as of a recent date (not more than 30 days prior to the Closing Date) by the appropriate government official;

 

(e)               
To the extent available in the relevant jurisdiction, Agent shall have received a certificate of good standing (or equivalent,
to the extent the concept is applicable) as of a recent date with respect to each Loan Party, such certificate to be issued by
the relevant authority of the jurisdiction of organization of such Loan Party;

 

(f)                
Agent shall have received an opinion of the Loan Parties’ counsel in form and substance reasonably satisfactory to
the Required Lenders;

 

(g)               
Borrower shall have paid all Lender Group Expenses incurred in connection with the transactions evidenced by the Agreement
and the other Loan Documents to the extent invoiced at least three (3) Business Days prior to the Closing Date;

 

(h)               
Agent shall have received the following, each of which shall be original, .PDF or facsimile copies or delivered by other
electronic method (followed promptly by originals) unless otherwise specified, each properly executed, where applicable, and each
in form and substance reasonably satisfactory to the Required Lenders:

 

(i)       a
Notice of Borrowing with respect to the Closing Date Loans, executed

 

    
Schedule 3.1
Page - 1- 

    

    

by
an Authorized Person of Borrower and in accordance with the requirements of the Agreement;

 

(ii)       executed
counterparts of the Agreement that, when taken together, bear the signatures of an Authorized Person of Borrower, Agent and each
Lender; and

 

(iii)       executed
counterparts of the Guaranty and Security Agreement duly executed by an Authorized Person of each Loan Party party thereto;

 

(i)       Agent
shall have received at least three (3) Business Days prior to the Closing Date, all documentation and other information with respect
to the Loan Parties reasonably requested by Agent in writing at least ten (10) Business Days prior to the Closing Date, required
under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act;

 

(j)       Borrower
and its Subsidiaries shall have received all governmental and third party approvals (including shareholder approvals, landlord
consents and other consents) necessary or, in the reasonable opinion of the Required Lenders, advisable in connection with the
Agreement or the transactions contemplated by the Loan Documents, which shall all be in full force and effect, and all applicable
waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain,
prevent or otherwise impose adverse conditions on the Agreement or the transactions contemplated by the Loan Documents;

 

(k)       All
outstanding loans under the Prepetition Revolving Credit Agreement, together with all accrued and unpaid interest on such loans
and the accrued and unpaid unused line fee thereunder on the Closing Date, shall have been paid to the Prepetition Revolving Secured
Parties on account of such Prepetition Revolving Obligations;

 

(l)       Agent
shall have received the results of a search of the Uniform Commercial Code filings (or equivalent filings, to the extent available
in the applicable jurisdiction) and judgment filings made with respect to the Loan Parties in the states (or other jurisdictions)
of formation of such Persons and in which the chief executive office of each such Person is located, and in such other jurisdictions
as may be reasonably required by Agent, together with copies of the financing statements (or similar documents, to the extent
available in the applicable jurisdiction) disclosed by such search, and accompanied by evidence satisfactory to the Agent that
the Liens indicated in any such financing statement (or similar document) would constitute Permitted Liens or have been or will
be contemporaneously with the funding of the initial extension of credit released or terminated;

 

(m)       Agent
and Lenders shall have received the Approved Budget, which shall be acceptable to the Lenders in their reasonable discretion and
which shall be substantially similar in form and substance to the proposed budget provided by Borrower to the Lenders on January
4, 2019;

 

(n)       Borrower
and its Subsidiaries shall have commenced the Cases with the Bankruptcy Court and Borrower and its Subsidiaries shall each be
a debtor and a debtor-in-possession, the Cases shall not have been converted to one under chapter 7 of the Bankruptcy Code or
dismissed under section 1112 of the Bankruptcy Code, and the Bankruptcy Court has not terminated any Debtor’s exclusive
right to file a Reorganization Plan;

 

(o)       No
trustee or examiner with expanded powers pursuant to section 1106(b) of the Bankruptcy Code shall have been appointed or designated
with respect to any Debtor or its business, properties or assets;

 

    
Schedule 3.1
Page - 2- 

    

    

(p)       (i)
All of the material “first day” orders and all related pleadings (including a cash management order and any order
establishing procedures for the administration of any of the Cases) shall have been entered by the Bankruptcy Court at the time
of the commencement of the Cases (and if any such orders or pleadings shall not have been entered by the Bankruptcy Court, the
form of such orders and pleadings have been submitted to the Bankruptcy Court for approval together with all motions and documents
in connection with such orders), and, in each case, shall be in form and substance reasonably satisfactory to Agent and shall
provide the relief requested therein at the time of the commencement of the Cases, and (ii) none of such orders shall have been
amended or modified in a material manner except as otherwise agreed to in writing by Agent in its reasonable discretion;

 

(q)       Not
later than 5 days following the Petition Date, entry of an order of the Bankruptcy Court that is satisfactory in form and substance
to the Lenders and Agent in their or its sole discretion, as applicable (it being understood and agreed that an order in the form
set forth as Exhibit I-2 to the Agreement shall, if entered by the Bankruptcy Court be deemed to be acceptable to the Lenders
and Agent) (the “Interim DIP Order”; and the date on which the Interim DIP Order is entered, the “Interim
DIP Order Entry Date”) on an application or motion by the Debtors that is satisfactory in form and substance to the
Lenders and Agent in their or its sole discretion, as applicable, which Interim DIP Order shall have been entered on such prior
notice to such parties as may be satisfactory to the Lenders and Agent in their or its sole discretion, as applicable, which Interim
DIP Order shall not have been vacated, reversed, modified, amended or stayed in a manner materially adverse to Agent, except as
otherwise agreed to in writing by Agent in its reasonable discretion;

 

(r)       Borrower
shall have retained a financial advisor acceptable to the Lenders and Agent (provided, that the Lenders and Agent each
acknowledge that Guggenheim Securities, LLC is acceptable) and Agent and Lenders shall have been provided reasonable access to
such financial advisor; and

 

(s)       There
shall be no actions, suits, or proceedings pending or, to the knowledge of Borrower, after due inquiry, threatened in writing
against a Loan Party or any of its Subsidiaries that that challenge any Loan Document or any transaction contemplated by this
Agreement or the other Loan Documents.

 

(t)       The
Loan Parties shall have entered into the Stalking Horse Sale Agreement and delivered a true and correct copy thereof to the Agent.

 

    
Schedule 3.1
Page - 3- 

    

    

Schedule
3.2

 

Conditions
Precedent to Each Delayed Draw Loan

 

The
obligation of each Lender to make each Delayed Draw Loan and each Incremental Loan provided for hereunder is subject to the fulfillment
of each of the following conditions precedent (the making of such extensions of credit by a Lender being conclusively deemed to
be its satisfaction or waiver of the conditions precedent):

 

		1.	The
                                         proceeds of such Delayed Draw Loan or Incremental Loan shall be used in accordance with
                                         Section 5.17 of the Agreement.

 

		2.	Borrower shall have paid all
                                         Lender Group Expenses incurred in connection with such Delayed Draw Loan or Incremental
                                         Loan and the transactions related thereto to the extent invoiced at least two (2) Business
                                         Days prior to the Funding Date.

 

		3.	Agent shall have received a
                                         duly executed Notice of Borrowing with respect to such Delayed Draw Loan or Incremental
                                         Loan, executed by an Authorized Person of Borrower and in accordance with the requirements
                                         of the Agreement and the amount of such Delayed Draw Loan or Incremental Loan shall be
                                         consistent with the Approved Budget then in effect, subject to Permitted Variances, for
                                         the two-week period including the relevant Funding Date.

 

		4.	Agent shall have received a
                                         certificate duly signed by an Authorized Person of Borrower confirming the satisfaction
                                         of the conditions set forth in Section 3.3 or Section 3.4, as applicable,
                                         and this Schedule 3.2.

 

		5.	There shall be no actions,
suits, or proceedings pending or, to the knowledge of Borrower, after due inquiry, threatened in writing against a Loan Party
or any of its Subsidiaries that that challenge (i) any Loan Document or any transaction contemplated by this Agreement or the
other Loan Documents or (ii) to the extent in effect at such time, the Stalking Horse Sale Agreement or the transactions contemplated
thereby.

 

		6.	The Stalking Horse Sale
Agreement shall be in full force and effect at such time or, if the Stalking Horse Sale Agreement has been terminated, one or
more other Sale Agreements that are Acceptable Alternative Sale Agreements shall be in full force and effect at such time. The
Debtors shall be in compliance in all material respects with the Sale Agreement(s) then in effect (except to the extent such compliance
has been waived by the buyer thereunder or as would not give rise to any right of the buyer thereunder to terminate such Sale
Agreement).

 

		7.	Prior to the satisfaction
of the Milestones set forth in clause (c) of Schedule 5.22 to the Agreement, no more than $6,000,000 of Loans shall be made (excluding
Closing Date ABL Refinancing Loans), unless otherwise agreed by the Lenders in their sole discretion.

 

    
Schedule 3.2
Page - 1- 

    

    

Schedule
4.1(c)

 

Capitalization
of Subsidiaries

 

	Subsidiary	Authorized
    Capital Stock	Percentage
    of Shares Owned Directly or Indirectly by Pernix Therapeutics Holdings, Inc.	Direct
    Parent
	Pernix
    Manufacturing, LLC	N/A	100%	Pernix
    Holdco 3, LLC
	Pernix
    Holdco 3, LLC	N/A	100%	Pernix
    Therapeutics Holdings, Inc.
	Pernix
    Holdco 2, LLC	N/A	100%	Cypress
    Pharmaceuticals, Inc.
	Pernix
    Holdco 1, LLC	N/A	100%	Pernix
    Therapeutics, LLC
	Pernix
    Ireland Limited (f/k/a Worrigan Limited)	100,000
    ordinary shares authorized, par value 1.00 euro. 100 shares outstanding owned by Pernix Therapeutics Holdings, Inc.	100%	Pernix
    Therapeutics Holdings, Inc.
	Pernix
    Ireland Pain Limited (f/k/a Ferrimill Limited)	100,000
    ordinary shares authorized, par value 1.00 euro. 100 shares outstanding owned by   Pernix Therapeutics Holdings,
    Inc.	100%	Pernix
    Therapeutics Holdings, Inc.
	Pernix
    Therapeutics, LLC	N/A	100%	Pernix
    Holdco 3, LLC
	PERNIX
    SLEEP, INC. 	1,000
    shares of common stock authorized	100%	Pernix
    Holdco 3, LLC
	Cypress
    Pharmaceuticals, Inc.	100,000
    shares of common stock authorized, 1,000 shares outstanding owned by Pernix Holdco 3, LLC	100%	Pernix
    Holdco 3, LLC
	Hawthorn
    Pharmaceuticals, Inc.	1,000
    shares of common stock authorized, 1,000 shares owned by Pernix Holdco 2, LLC	100%	Pernix
    Holdco 2, LLC
	Macoven
    Pharmaceuticals, L.L.C.	N/A	100%	Pernix
    Holdco 1, LLC
	GAINE,
    INC.	1,000,000
    shares of common stock authorized	100%	Pernix
    Holdco 1, LLC
	Respicopea
    Inc.	10,000,000
    shares of common stock authorized	100%	Pernix
    Holdco 1, LLC

    
Schedule 4.1(c)

    

    

Schedule
4.1(d)

 

Subscriptions,
Options, Warrants, Calls

 

Options (for common stock
of Pernix Therapeutics Holdings, Inc.):

 

Options:

 

	Options Outstanding at December
    31, 2017	1,042,000
	Granted 	556,000
	Cancelled	(228,000)

	Awards outstanding at September 30, 2018	1,370,000

Warrants:

 

	Name
    of Warrant Holder	Issue
    Date	Expiration
    Date	Underlying
    Shares	Class
    of Equity
	Oxford
    Finance LLC	8/2/2011	8/2/2021	929	Common
    stock of Pernix Therapeutics Holdings, Inc.
	Oxford
    Finance LLC	8/2/2011	8/2/2021	1,393	Common
    stock of Pernix Therapeutics Holdings, Inc.
	Silicon
    Valley Bank	8/2/2011	8/2/2021	1,161	Common
    stock of Pernix Therapeutics Holdings, Inc.
	Oxford
    Finance LLC	12/19/2011	12/19/2021	598	Common
    stock of Pernix Therapeutics Holdings, Inc.
	Silicon
    Valley Bank	12/19/2011	12/19/2021	299	Common
    stock of Pernix Therapeutics Holdings, Inc.
	TOTALS	 	 	4,380	 

 

Convertible Debt:

 

		1.	4.25%/5.25% Exchangeable Senior
                                         Notes due 2022 ($35,742,500 pro forma amount outstanding, convertible into common stock
                                         of Pernix Therapeutics Holdings, Inc.)

 

		2.	4.25% Convertible Senior Notes
                                         Due 2021 ($78,225,000 pro forma amount outstanding, convertible into common stock of
                                         Pernix Therapeutics Holdings, Inc.)

 

    
Schedule 4.1(d)

    

    

Schedule
4.5

 

Intellectual
Property

 

Pernix
Therapeutics, LLC

 

	Patents
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Process
    for preparing tannate liquid and semi-solid dosage forms	US	Issued	7,094,429	10/921,438	08/22/2006
	Process
    for preparing tannate tablet, capsule or other solid dosage forms	US	Issued	7,273,623	10/269,027

         
	09/25/2007
	Tannate
    compositions, methods of making and methods of use	US	Issued	8,012,506	11/501,649	09/06/2011

 

	Trademarks
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
		US	Registered	85251109	4076351	12/27/2011
		KR	Registered	40-2017-0120858	40-1419740	11/22/2018
	Pernix	US	Registered	77779507	3897832	12/28/2010
	PRESCRIPTIONS
    DIRECT	US	Registered	86757098	5024315	8/22/2016
	Pediatex	US	Registered	75775487	2684051	04/04/2003
		US	Registered	78176952	2764357	09/16/2003
	Aldex	US	Registered	78126667	2748943	08/05/2003
	Z-Cof	US	Registered	76258253	2738086	07/15/2003

 

Gaine,
Inc (“Gaine”).

 

	Patents
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Antitussive
    compositions	US	Issued/expired	6348470	09/381,841	02/19/2002

    
Schedule 4.5
Page - 1- 

    

    

Cypress
Pharmaceuticals, Inc.

 

	Patents
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Hyaluronate
    compositions	US	Issued	8,466,128	12/022,095	06/18/2013
	Hyaluronate
    compositions	US	Issued	9,107,882	13/915,818	08/18/2015
	Hyaluronate
    compositions	US	Issued	9,937,134	14/803,841	4/10/2018
	Hyaluronate
    compositions	US	Pending	 	15/948,598	 
	Phosphate-binding
    chitosan and uses thereof	US	Issued	7,943,597	12/099,433	05/17/2011
	Phosphate-binding
    chitosan and uses thereof	US	Pending	 	13/544,775	 
	Phosphate-binding
    magnesium salts and uses thereof	US	Issued	8,247,000	12/422,012	08/21/2012
	Phosphate-binding
    magnesium salts and uses thereof	US	Issued	8,236,358	13/445,771	08/07/2012
	Phosphate-binding
    magnesium salts and uses thereof	US	Issued	9,339,481	13/856,084	5/17/2016
	Phosphate-binding
    magnesium salts and uses thereof	US	Issued	9,610,267	15/155,366	4/04/2017
	Phosphate-binding
    magnesium salts and uses thereof	US	Issued	9,889,157	15/477,325	 
	Phosphate-binding
    magnesium salts and uses thereof	US	Pending	 	15/893,861	 
	Phosphate-binding
    magnesium Salts and Uses Thereof	AU	Issued	2009344184	2009344184	8/25/2016
	Phosphate-binding
    magnesium Salts and Uses Thereof	AU	Issued

         
	2016213704	2016213704	1/12/2019
	Phosphate-binding
    magnesium Salts and Uses Thereof	CA	Pending	 	2756942	 

 

 

    
Schedule 4.5
Page - 2- 

    

    

 

	Patents
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date

	Phosphate-binding
    magnesium Salts and Uses Thereof	JP	Issued	5878998	2015-104155	2/5/2016
	Phosphate-binding
    magnesium Salts and Uses Thereof	JP	Pending	 	2016-15699	 
	Phosphate-binding
    magnesium Salts and Uses Thereof	JP	Pending	 	2018-85300	 
	Crystal
    polymorph of magnesium glycinate dihydrate and process for its preparation	US	Issued	9,394,318

         
	14/091,070	7/19/2016
	Crystal
    polymorph of magnesium glycinate dihydrate and process for its preparation	US	Issued	10,150,784	15/212,460	12/11/2018

 

	Trademarks
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
	Cypress
    Pharmaceutical, Inc.	US	Registered	75130214	2101153	09/30/1997

 

 

Domain
Names Relating to Cypress Pharmaceuticals, Inc.

 

	Domain
    Names
	eliphos.info
	eliphos.net

    
Schedule 4.5
Page - 3- 

    

    

Hawthorn
Pharmaceuticals, Inc.

 

	Trademarks
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
	Vituz	US	Registered	85615837	4440956	11/26/2013
	Rezira	US	Registered	85384426	4303591	03/13/2013
	Arbinoxa	US	Registered	85301155	4059980	11/22/2011
	Zutripro	US	Registered	85384468	4105641	02/28/2012
		US	Registered	77785140	3749753	02/16/2010
		US	Registered	77763186	3749059	02/16/2010
		US	Registered	76525101	2850561	06/08/2004

 

 

Domain
Names relating to Hawthorn Pharmaceuticals, Inc.

 

	Domain
    Names
	cypresspharmaceutical.com
	hawthornpharma.com
	icariron.com
	icarrx.com
	zutripro.com

Pernix
Sleep, Inc.

 

	Patents
	PERNIX
    SLEEP, INC. OWNED PATENTS AND PATENT APPLICATIONS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Methods
    of Improving the Pharmacokinetics of Doxepin	US	Issued	7,915,307	11/781,165	3/29/2011
	Methods
    of Improving the Pharmacokinetics of Doxepin	US	Issued	9,572,814	13/653,213	2/21/2017
	Methods
    of Improving the Pharmacokinetics of Doxepin	US	Pending	 	15/436,293	 
	Methods
    of Improving the Pharmacokinetics of Doxepin	CA	Issued	2693992	2693992	1/31/2017
	Low-dose
    Doxepin Formulations and Methods of Making and 	US	Issued	9,532,971	13/898,364	1/3/2017

 

 

    
Schedule 4.5
Page - 4- 

    

    

 

	Using the Same	 	 	 	 	 
	Low-dose
    Doxepin Formulations and Methods of Making and Using the Same	US	Issued	9,907,780	15/394,912	3/6/2018
	Low-dose
    Doxepin Formulations and Methods of Making and Using the Same	US	Pending	 	15/911,496	 
	Low-dose
    Doxepin Formulations and Methods of Making and Using the Same	CA	Issued	2721133	2721133	11/6/2018

 

 

	PERNIX
    SLEEP CO-OWNED PATENT APPLICATIONS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	N-Desmethyl-Doxepin
    and Methods of Using the Same to Treat Sleep Disorders	US	Pending	 	13/933,975	 
	Ultra-Low
    Dose Doxepin and Methods of Using the Same to Treat Sleep Disorders	US	Issued	9,907,779	14/045,645	3/6/2018
	Ultra-Low
    Dose Doxepin and Methods of Using the Same to Treat Sleep Disorders	US	Pending	 	15/911,832	 
	Methods
    of Using Low-Dose Doxepin for the Improvement of Sleep	US	Issued	8,513,299	11/804,720	8/20/2013
	Methods
    of Using Low-Dose Doxepin for the Improvement of Sleep	US	Issued	9,107,898	13/492,559	8/18/2015
	Methods
    of Using Low-Dose Doxepin for the Improvement of Sleep	US	Issued	9,486,437	14/804,595	11/8/2016
	Methods
    of Using Low-Dose Doxepin for the Improvement of Sleep	US	Issued	9,861,607	15/344,710	1/9/2018
	Methods
    of Using 	US	Allowed	 	15,864,440	 

 

 

    
Schedule 4.5
Page - 5- 

    

    

 

 

	PERNIX
    SLEEP CO-OWNED PATENT APPLICATIONS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date

	Low-Dose Doxepin for the Improvement of Sleep	 	 	 	 	 
	Methods
    of Using Low-Dose Doxepin for the Improvement of Sleep	CA	Pending	 	2687118	 
	Methods
    of Using Low-Dose Doxepin for the Improvement of Sleep	JP	Pending	 	2017-243448	 
	Doxepin
    Isomers and Isomeric Mixtures and Methods of Using the Same to Treat Sleep Disorders	US	Issued	9,463,181	13/692,415	10/11/2016
	Doxepin
    Isomers and Isomeric Mixtures and Methods of Using the Same to Treat Sleep Disorders	US	Issued	9,801,847	15/289,288	10/31/2017
	Doxepin
    Isomers and Isomeric Mixtures and Methods of Using the Same to Treat Sleep Disorders	US	Issued	9,498,462	13/692,715	11/22/2016
	Doxepin
    Isomers and Isomeric Mixtures and Methods of Using the Same to Treat Sleep Disorders	US	Issued	10,143,676	15/357,171	12/4/2018
	Doxepin
    Isomers and Isomeric Mixtures and Methods of Using the Same to Treat Sleep Disorders	US	Allowed	 	15/797,195	 
	Doxepin
    Isomers and Isomeric Mixtures and Methods of Using the Same to Treat Sleep Disorders	US	Pending	 	16/217,584	 
	Methods
    of Using Low-Dose Doxepin for the Improvement of 	US	Pending	 	13/764,467	 

 

    
Schedule 4.5
Page - 6- 

    

    

 

	PERNIX
    SLEEP CO-OWNED PATENT APPLICATIONS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date

	Sleep	 	 	 	 	 
	Low-Dose
    Doxepin for Treatment of Sleep Disorders in Elderly Patients	US	Pending	 	14/789,911	 
	Combination
    Therapy Using Low-Dose Doxepin for the Improvement of Sleep	US	Pending	 	13/612,328	 
	Low-Dose
    Doxepin Formulations, Including Buccal, Sublingual and Fast-Melt Formulations, and Uses of the Same to Treat Insomnia	US	Pending	 	12/301,223	 
	Low-Dose
    Doxepin Formulations, Including Buccal, Sublingual and Fast-Melt Formulations, and Uses of the Same to Treat Insomnia	CA	Pending	 	2687124	 

  

	Trademarks
	PERNIX
    SLEEP, INC.  OWNED MARKS
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
	SILENOR	US	Registered	78/640,504	3477986	7/29/2008
	SILENOR	CA	Registered	1280190	TMA744387	7/30/2009
	SILENOR	EU	Registered	4737284	4737284	12/11/2006
	SILENOR	KR	Pending	2012-57808	 	 
	SILENOR
    (Korean Transliteration)	KR	Registered	40-2012-0058236	40-1168898	3/25/2016
	SILENOR

        

        A
        Good Day Starts at Night

        
	US	Registered	86570195	4,884,994	11/3/2015
	A
    Good Day Starts at Night	US	Registered	86570159	4862464	12/1/2015
	A
    Good Day Starts at Night	KR	Pending	40-2015-0069145	 	 

 

 

    
Schedule 4.5
Page - 7- 

    

    

	Trademarks
	PERNIX
    SLEEP, INC.  OWNED MARKS
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
		US	Registered	86714322	4967840	5/31/2016
		CA	Pending	1742897	 	 
		KR	Registered	40-2015-0080234	40-1194101	8/3/2016

 

 

 

	PERNIX
    SLEEP LICENSED PATENTS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Treatment
    of Transient and Short-term Insomnia	US	Issued	6,211,229	09/506,348	4/3/2001
	Treatment
    for Insomnia	US	Issued	6,344,487	09/586,706	2/5/2002

 

Domain
Names Relating to Silenor®

 

	Domain
    Names
	4sleeptonight.com
	4sleeptonite.com
	forsleeptonight.com
	forsleeptonite.com
	silenor.com
	silenor.info
	silenor.net
	silenor.org

    
Schedule 4.5
Page - 8- 

    

    

Pernix
Ireland Limited

 

	Trademarks
	PERNIX
    IRELAND LIMITED OWNED TRADEMARKS
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
		US	Registered	77583186	3583386	3/3/2009
	Treximet	US	Registered	77230134	3493620	8/26/2008
	Treximet	US	Registered	87822189	5580314	10/9/2018

 

 

 

	Patents
	PERNIX
    IRELAND LIMITED IN-LICENSED PATENTS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Formulations
    of 5-HT agonist and NSAID for treatment of migraine	US	Issued	5,872,145	08/907,826	2/16/1999
	Anti-migraine
    methods and compositions using 5-HT agonists with long-acting NSAIDS	US	Issued	6,060,499	09/151,912	5/9/2000
	Methods
    of treating headaches using 5-HT agonists in combination with long-acting NSAIDS	US	Issued	6,586,458	09/559,753	7/01/2003
	Multilayer
    dosage forms containing NSAIDS and Triptans	US	Issued	7,332,183	10/741,592	2/19/2008
	Methods
    of treating headaches using 5-HT agonist in combination with long-acting NSAIDS	US	Issued	8,022,095	10/414,493	9/20/2011

    
Schedule 4.5
Page - 9- 

    

    

Pernix
Ireland Pain Designated Activity Company

 

	PERNIX
    IRELAND PAIN DESIGNATED ACTIVITY COMPANY OWNED PATENTS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Treating
    pain in patients with hepatic impairment	US	Pending	 	13/950,969	 
	Treating
    pain in patients with hepatic impairment	US	Pending/Allowed	 	14/523,162	 
	Treating
    pain in patients with hepatic impairment	US	Issued	9,265,760	14/815,219	2/23/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,339,499	14/978,217	5/17/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,326,982	14/978,223	5/3/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,333,201	14/978,302	5/10/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,421,200	15/154,524	8/23/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,433,619	15/154,527	9/6/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,421,201	15/160,359	8/23/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,522,147	15/243,432	12/20/2016
	Treating
    pain in patients with hepatic impairment	US	Issued	9,610,286	15/340,502	4/04/2017
	Treating
    pain in patients with hepatic impairment	US	Issued	10,028,946	15/477,561	7/24/2018
	Treating
    pain in patients with hepatic impairment	US	Pending	 	16/042,196	 

    
Schedule 4.5
Page - 10- 

    

    

	PERNIX
    IRELAND PAIN DESIGNATED ACTIVITY COMPANY OWNED TRADEMARKS
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
	Zohydro	US	Registered	85340408	4538117	5/27/2014
	Zohydro
    ER	US	Registered	85646921	4534120	5/20/2014
	Zohydro	CA	Pending	1660668	 	 
	Zohydro
    ER	CA	Pending	1660669	 	

                                                                                 

 

	Patents
	PERNIX
    IRELAND PAIN DESIGNATED ACTIVITY COMPANY IN-LICENSED PATENTS
	Title	Country	Status	Patent
    No.	Appl.
    No	Issue
    Date
	Multiparticulate
    modified release composition	US	Issued	6,228,398	09/566,636	5/8/2001
	Multiparticulate
    modified release composition	US	Issued	6,902,742	10/331,754	6/7/2005
	Abuse
    resistant pharmaceutical compositions	US	Issued	9,132,096	14/484,761	9/15/2015
	Abuse
    resistant pharmaceutical compositions	US	Issued	9,452,163	14/851,019	9/27/2016
	Abuse
    resistant pharmaceutical compositions	US	Issued	9,486,451	14/851,056	11/8/2016
	Abuse
    resistant pharmaceutical compositions	US	Issued	9,713,611	15/172,643	7/25/2017
	Abuse
    resistant pharmaceutical compositions	US	Issued	10,092,559	15/626,268	10/9/2018
	Abuse
    resistant pharmaceutical compositions	US	Pending	 	16/124,899	 

 

	Trademarks
	PERNIX
    IRELAND PAIN DESIGNATED ACTIVITY COMPANY LICENSED TRADEMARKS
	Mark	Country	Status	Serial
    No.	Reg.
    No.	Reg.
    Date
	BeadTek	US	Registered	86452063	5,413,163	2/27/2018
		US	Registered	86530165	5,469,955	5/15/2018

    
Schedule 4.5
Page - 11- 

    

    

Pernix
Therapeutics Holding, Inc.

 

Domain
Names Relating to Pernix Therapeutics Holdings, Inc.

 

	Domain
    Names
	AGOODDAYSTARTSATNIGHT.COM
	ANOTHERNOTRIGHTMORNING.COM
	CII-HYDROCODONE.COM
	CII-HYDROCODONE-AVAILABLE.COM
	CYPRESSRX.COM
	EXTENDEDRELEASEHYDROCODONE.COM
	formulationmatters.com
	HAWTHORNPHARMACEUTICALS.COM
	HAWTHORNRX.COM
	HYDROCODONE-CII.COM
	HYLIRA.COM
	MACOVENPHARMA.COM
	MOREFORMYMIGRAINE.COM
	MORETHANATRIPTAN.COM
	mychronicpainfeedback.com
	nallpropion.com
	nalpropion.net
	nalpropion.org
	nalpropion.us
	nalpropione.com
	nalproprion.com
	NOSUBSTITUTEFORSLEEP.COM
	painoutlifein.com
	PERNIXMANUFACTURING.COM
	PERNIXMFG.COM
	PERNIXPRODUCTS.COM
	PERNIXTHERA.COM
	PERNIXTHERAPEUTICS.COM
	PERNIXTX.BIZ
	PERNIXTX.COM
	PERNIXTX.INFO
	PERNIXTX.NET
	PERNIXTX.ORG

 

 

    
Schedule 4.5
Page - 12- 

    

    

	Domain
    Names
	PERNIXTX.US
	ptxinet.com
	PTXMANUFACTURING.COM
	PTXTEST.COM
	PTXTEST2.COM
	PXTX.CO
	reliefinreach.com
	reliefwithinreach.com
	REZIRA.COM
	RX-SLEEP-AID.COM
	serioussleeping.com
	serioussleeping.info
	serioussleeping.net
	serioussleeping.org
	SILENORSAVINGS.COM
	SIMPLIFYMYMIGRAINE.COM
	SLEEP-TREATMENT-HELP.COM
	treatinsomniadifferently.com
	treatwithtreximet.com
	TREXIMET.COM
	TROUBLESTAYINGASLEEP.COM
	true12hour.com
	trytreximet.com
	WANTTOSLEEPMORE.COM
	yourpatientssleep.com
	ZOHIDRO.COM
	ZOHYDRO.COM
	ZOHYDRO.INFO
	ZOHYDRO.MOBI
	ZOHYDRO.NET
	ZOHYDRO.ORG
	ZOHYDRO.US
	ZOHYDROER.COM
	ZOHYDRO-ER.COM
	ZOHYDROER.NET
	ZOHYDRO-ER.NET

 

 

    
Schedule 4.5
Page - 13- 

    

    

	Domain
    Names
	ZOHYDROERCOVERAGE.COM
	ZOHYDROERHCP.COM
	ZOHYDROERREMS.COM
	ZOHYDRO-ER-REMS.COM
	ZOHYDROERREMS.ORG
	ZOHYDRO-ER-REMS.ORG
	ZOHYDROHCP.COM
	ZOHYDROREMS.COM
	ZOHYRDO.COM
	ZUTRIPRO.COM
	ZYBERPHAR.COM
	ZYBERPHARMACEUTICALS.COM
	ZYBERRX.COM

IP
Licenses

 

Pernix
Therapeutics

 

		1.	Product
                                         License and Distribution Agreement dated as of August 19, 2014, by and between Pernix
                                         Ireland Limited (f/k/a Worrigan Limited) and Pernix Therapeutics, LLC.

 

		2.	Product
                                         License and Distribution Agreement dated as of April 24, 2015, by and between Ferrimill
                                         Limited and Pernix Therapeutics, LLC.

 

		3.	Settlement
                                         and License Agreement dated January 26, 2018 by and among Pernix Ireland Pain DAC, Pernix
                                         Therapeutics, LLC, Recro Gainesville LLC and Actavis Laboratories FL, Inc.

 

		4.	Settlement
                                         Agreement dated September 29, 2016 by and between Recro Gainesville LLC and Alvogen Malta
                                         Operations Ltd.

 

PERNIX
SLEEP, INC.

 

		1.	License
                                         Agreement dated August 25, 2003 by and between ProCom One and Somaxon.

 

		2.	Amended
                                         and Restated License Agreement between Somaxon and ProCom dated September 15, 2010.

 

		3.	License
                                         Agreement dated June 7, 2011, by and between Somaxon and Paladin Labs Inc.

 

		4.	License
                                         Agreement dated April 26, 2012, by and between Somaxon and CJ CheilJedang Corporation
                                         assigned from CJ Cheiljedang Corporation to CJ HealthCare Corporation on April 1, 2014,
                                         then assigned to Kolmar Korea Co., Ltd. on February 20, 2018 under a share purchase agreement

 

		5.	Amendment
                                         Agreement dated as of March 2, 2015 by and between CJ HealthCare Corporation and Pernix
                                         Therapeutics Holdings, Inc.

 

		6.	Amendment
                                         No. 2 to the License Agreement dated as of February 15, 2016 by and between Pernix Therapeutics
                                         Holdings., Inc. and CJ HealthCare Corporation.

 

		7.	Settlement
                                         and License Agreement dated July 18, 2012, by and between Somaxon, ProCom One, Inc.,
                                         Zydus Pharmaceuticals, Inc. and Cadila Healthcare Ltd.

 

    
Schedule 4.5
Page - 14- 

    

    

		8.	Settlement
                                         and License Agreement dated July 18, 2012, by and between Somaxon, ProCom One, Inc.,
                                         Par Pharmaceutical, Inc. and Par Pharmaceutical Companies

 

		9.	Settlement
                                         and License Agreement dated July 17, 2012, by and between Somaxon, ProCom One, Inc.,
                                         Mylan Inc. and Mylan Pharmaceuticals Inc.

 

		10.	Settlement
                                         and License Agreement dated February 1, 2013, by and between Somaxon, ProCom One, Inc.,
                                         Actavis Elizabeth LLC and Actavis Inc.

 

		11.	Product
                                         License and Distribution Agreement dated on September 12, 2017, between Pernix Sleep,
                                         Inc. and Pernix Therapeutics LLC

 

Macoven
Pharmaceuticals, L.L.C.

 

		1.	Midrin
                                         License, Distribution and Supply Agreement dated March 25, 2013 by and between Macoven
                                         Pharmaceuticals, L.L.C. and ECI Pharmaceuticals, LLC.

 

		2.	First
                                         Amendment to the Midrin License, Distribution and Supply Agreement, dated December 23,
                                         2014, by and between Macoven Pharmaceuticals, L.L.C. and ECI Pharmaceuticals, LLC.

 

Respicopea
Inc.

 

		1.	Amended
                                         and Restated Patent License Agreement dated May 14, 2012 between Respicopea Limited and
                                         Respicopea Inc.

 

Pernix
Ireland Limited

 

		1.	License
                                         Agreement dated November 27, 2007 by and between Zogenix, Inc and Daravita Limited, assigned
                                         to Pernix Ireland Limited under an Asset Purchase Agreement dated March 10, 2015 by and
                                         between Pernix Ireland Limited and Zogenix, Inc. wherein Pernix acquired a license to
                                         the marks herein. Pernix Ireland Limited, a subsidiary of Pernix Therapeutics Holdings,
                                         Inc., assigned rights acquired from Zogenix to Pernix Ireland Pain Limited, a separate
                                         subsidiary of Pernix Therapeutics Holdings, Inc. As of August 21, 2017, Pernix Ireland
                                         Pain Limited is now Pernix Ireland Pain Designated Activity Company

 

		2.	Product
                                         Development and Commercialization Agreement dated June 2003 by and between Pozen, Inc.
                                         and Glaxo Group Ltd. (amended as of May 2014 and July 2014) was assigned by GSK to Pernix
                                         Ireland Limited (May 14, 2014).

 

		a.	Settlement
                                         Agreement dated July 8, 2013 by and among Pozen Inc, Sun Pharma Global FZE and Sun Pharmaceutical
                                         Industries Ltd.

 

		b.	Settlement
                                         Agreement dated April 13, 2010 by and between Pozen Inc. and Teva Pharmaceuticals USA,
                                         Inc.

 

		3.	License
                                         Agreement dated November 27, 2007 by and between Elan Pharma International Ltd. and Zogenix,
                                         Inc, as assigned to Pernix Ireland Limited under the Asset Purchase Agreement dated March
                                         10, 2015 by and between Pernix Ireland Limited and Zogenix, Inc. Pernix Ireland Limited,
                                         a subsidiary of Pernix Therapeutics Holdings, Inc., assigned rights acquired from Zogenix
                                         to Pernix Ireland Pain Limited, a separate subsidiary of Pernix Therapeutics Holdings,
                                         Inc.

 

		a.	First
                                         Amendment to License Agreement dated as of September 28, 2009 by and between Elan Pharma
                                         International Ltd. and Zogenix, Inc.

 

		b.	Second
                                         Amendment to License Agreement dated as of March 12, 2013 by and between Alkermes Pharma
                                         Ireland Limited and Zogenix, Inc.

 

		c.	Third
                                         Amendment to License Agreement Dated as of September 5, 2014 by and between Alkermes
                                         Science One Limited and Zogenix, Inc.

 

		d.	Fourth
                                         Amendment to License Agreement dated as of March 5, 2015 by and between Daravita Limited
                                         and Zogenix, Inc.

 

    
Schedule 4.5
Page - 15- 

    

    

Schedule
4.6(b)

 

Litigation

 

		1.	U.S. ex.
                                         Rel. Conrad v. Abbott Labs, Inc., et al. (U.S.D.C. Mass.).

 

		2.	State of
                                         Louisiana v. Abbott Laboratories, Inc., et al. (U.S.D.C., M.D. La.).

 

		3.	GlaxoSmithKline
                                         Arbitration.

 

		4.	Medicine
                                         to Go Pharmacies, Inc. v. Macoven Pharmaceuticals, L.L.C. and Pernix Therapeutics Holdings,
                                         Inc., District Court of New Jersey (10/23/16).

 

		5.	Presswood
                                         v. Pernix Therapeutics Holdings, Inc., Circuit Court of St. Louis County, Missouri (3/18/15).

 

		6.	Pernix Ireland
                                         Pain, Ltd. and Pernix Therapeutics, LLC v. Actavis Laboratories FL, Inc., District of
                                         Delaware Case No. 16-138; Pernix Ireland Pain, Ltd. and Pernix Therapeutics, LLC v. Alvogen
                                         Malta Operations, Ltd., District of Delaware Case No. 16-139.

 

		7.	Ghirsig Employment
                                         Dispute (EEOC Claim).

 

		8.	Beginning
                                         in 2014 and continuing to the present, a number of pharmaceutical companies have been
                                         named in numerous lawsuits brought by certain state and local governments related to
                                         the marketing of opioid pain medications, including, UFCW Local 23 Health Fund v. Endo
                                         Pharmaceuticals, Inc., et al., Iron Workers Dist. Council of Philadelphia &
                                         Vicinity, Benefit Fund v. Abbott Laboratories, Inc., et al. and certain matter brought
                                         by the State of Arkansas against the Seller (collectively, the “Opioid Litigations”).

 

		9.	Navigators
                                         Insurance Company v. Pernix Therapeutics Holdings, Inc. (U.S. District Court, Eastern
                                         District of PA).

 

	10.	Pernix Therapeutics Holdings,
    Inc. - FINRA Matter No: 20180608629.

 

		11.	Musachia v
                                         Pernix (U.S.D.C., N.D. Alabama).

 

    
Schedule 4.6(b)

    

    

Schedule
4.11

 

Environmental
Matters

 

None.

 

    
Schedule 4.11

    

    

Schedule
4.14

 

Permitted
Indebtedness

 

		1.	The
                                         Settlement Agreement and Release dated as of February 6, 2014 with the State of Texas
                                         and the Texas Health & Human Services Commission, pursuant to which Cypress Pharmaceuticals,
                                         Inc. is required to pay $12 million, payable in annual amounts of $2.0 million until
                                         the settlement ispaid in full. As of the Petition Date, $2 million of payment obligations
                                         remain under such Settlement Agreement and Release.

 

		2.	The
                                         Settlement and License Agreement dated as of July 17, 2012 by and among Somaxon Pharmaceuticals,
                                         Inc. (as predecessor to Pernix Sleep, Inc.), ProCom One, Inc., Mylan, Inc., and Mylan
                                         Pharmaceuticals, Inc.

 

		3.	Amounts
                                         owed to Glaxo Group Limited, GlaxoSmithKline LLC, GlaxoSmithKline Intellectual Property
                                         Holdings Limited, and GlaxoSmithKline Intellectual Property Management Limited (collectively,
                                         “GSK”) by Pernix Therapeutics Holdings Inc. and Pernix Ireland Limited pursuant
                                         to that certain interim settlement agreement between GSK and Pernix Therapeutics Holdings
                                         Inc. and Pernix Ireland Limited, originally entered into on July 27, 2015 and as subsequently
                                         amended on March 17, 2017 and July 21, 2017. As of the Petition Date, no more than $2
                                         million of contingent payment obligations remained under such Interim Settlement Agreement,
                                         as amended.

 

		4.	Indebtedness
                                         in respect of contingent consideration pursuant to the asset purchase agreement, dated
                                         as of March 10, 2015, among Pernix Ireland Limited, Pernix Therapeutics Holdings, Inc.
                                         and Zogenix, Inc.

 

		5.	Indebtedness
                                         incurred under the 4.25% Convertible Senior Notes Due 2021, issued by Pernix Therapeutics
                                         Holdings, Inc. As of the Petition Date, the aggregate outstanding principal amount of
                                         such notes is $78,225,000.

 

		6.	Indebtedness
                                         incurred under the 12% Senior Secured Notes Due 2020.

 

		7.	Indebtedness
                                         under the Credit Agreement, dated as of July 21, 2017, by and among the lenders party
                                         thereto, Cantor Fitzgerald Securities, as administrative agent, and Pernix Ireland Pain
                                         Designated Activity Company (f/k/a Pernix Ireland Pain Limited), as borrower.

 

		8.	Promissory
                                         Note dated as of August 19, 2014, in the principal outstanding amount of $225,000,000
                                         as of the Petition Date, executed by Pernix Ireland Limited in favor of Pernix Therapeutics
                                         Holdings, Inc. As of the Petition Date, the aggregate outstanding principal balance under
                                         such note is $225,000,000.

 

		9.	Indebtedness
                                         incurred under the 4.25%/5.25% Exchangeable Senior Notes due 2022 issued by Pernix Ireland
                                         Pain Designated Activity Company (f/k/a Pernix Ireland Pain Limited). As of the Petition
                                         Date, the aggregate outstanding principal amount of such notes is $35,742,500.

 

    
Schedule 4.14 

    

    

Schedule
4.15

 

Tax
Related Proceedings

 

None.

 

    
Schedule 4.15

    

    

Schedule
4.26

 

Regulatory
Disclosure

 

		1.	Matters disclosed in public filings
                                         of the Borrower with the SEC prior to the Closing Date.

 

    
Schedule 4.26

    

    

Schedule
4.29

 

Insurance

 

[See
attached.]

 

 

    
Schedule 4.29

    

    

	 	Pernix
Therapeutics Holdings, Inc.

Schedule of Insurance

 

	 

                            

                            

	NO.	Coverage	Insurance
    Carrier	Policy
    Period	Policy
    Number	Insurance
    Costs	Limits
    / Coverages	Deductibles
    / Other Considerations
	1	Primary Products
    Liability $15,000,000 Limit	Ironshore
    Specialty

    Insurance Company	11/30/2018
    - 11/30/2019	002174804	$643,750.00
                                         18-19 Premium

        

        + $32,187.50
        Surplus Lines Tax

        $675,937.50 Total Policy Cost 
	$15,000,000
                                         - Each Claim

        

        $15,000,000 - Aggregate

        

        $250,000 - Withdrawal
        Expense Reimbursement (Class 1 Recall Only)

        

        $50,000 - Repair and Replacement
        of Impaired Property Aggregate

        

        $250,000 - Class 1 Product
        Recall Expenses Aggregate

        

        $2,000 - Clinical Trial
        Medical Expenses Each Person

        

        $20,000 - Clinical Trial
        Medical Expenses Aggregate 
	100,000
                                         Each Claim / $500,000 Aggregate (All Other Products not subject to $250K deductible described
                                         below)

        

        ---------------------

        

        $250,000 Each Claim /
        $1,250,000 Aggregate (Treximet Pediatric and Cardiovascular Thrombotic, Heart Failure and Edema events, and ZohydroER
        1st Generation)

        

        $50,000 SIR Each Claim
        for Withdrawal Expenses

        

        Retroactive Dates:

        

        08/20/2014 - Treximet

        

        10/25/2013 - ZohydroER
        but only for this product sold by the named insured after 4/25/2015, from inventory acquired on 4/25/2015 and controlled
        by the named insured

        

        02/18/2000 - All
        Other Products

        

	2	Excess Products
    Liability $10M xs $15M	Underwriters
    at Lloyd’s (Life Science Risk)	11/30/2018
    - 11/30/2019	LSRXS0038118	$215,000
                                         18-19 Premium

        

        + $10,750 Surplus
        Lines Tax

        $225,750 Total Policy Cost

         
	$10,000,000 - Each
    Occurrence

    $10,000,000 - Aggregate	Retroactive
                                         Date: 12/10/2010

                                                                               

        

        Underlying Policy:

        

        Ironshore Primary Products

        $15,000,000 - Each Claim

        $15,000,000 - Aggregate 

	3	Excess Products
    Liability $10M xs $25M	TDC
    Specialty Insurance Company	11/30/2018
    - 11/30/2019	LSX000631800	$120,000 18-19
    Premium

    + $6,000 Surplus Lines Tax

    $126,000 Total Policy Cost	$10,000,000 - Each
    Occurrence

    $10,000,000 - Aggregate	Retroactive
                                         Date: 11/30/2014

         

        Underlying Policies:

        

        Ironshore Primary Products

        $15,000,000 - Each Claim

        $15,000,000 - Aggregate

         

        Life Science Risk Excess
        Products

        $10,000,000 - Each Claim

        $10,000,00 - Aggregate

         

	6	Commercial Property	Federal
    Insurance

    Company	11/30/2017
                                         - 05/31/2019

         

        Policy

        Extension from 11/30/2018 to 05/31/2019

         
	36051359	$48,955
                                         11/30/17-18 Premium

                                         +$2,606 Taxes & Surcharges

                                         $51,561 Total 17-18 Policy Cost

         

        $23,955.31 Extension
        Premium

        +$1,340.69 NJ PLIGA

        $25,296.00 Total Extension Cost

         

        *$76,857 Total
        Costs for 11/30/2017 - 05/31/2019

         
	Business
                                         Personal Property - Varies by Location

        

        Business Income &
        Extra Expense - Varies by Location

        

        Perishable or Contaminated
        Property - Varies by Location

        

        Equipment Breakdown -
        Included

        

        Unlimited Extended Period
        of Indemnity

        

        Earthquake - $5,000,0000
        Limit

        Flood - Varies by Location 
	$2,500
                                         - All Other Perils Deductible

                                         24 Hour Waiting Period - BI & EE

         

        Earthquake - $50,000 /
        48 Hours (BI & EE)

         

        Flood - Varies by Location

         

        Wind - 5% Property Damage
        Minimum of $25,000 / 96 Hour Waiting Period - NC, FL. TX, & SC 

	4	Coverage Workers
    Compensation & Employers Liability	Insurance
    Carrier Federal Insurance Company	Policy
    Period 11/30/2018 - 05/30/2019	Policy
    Number 71751699	$54,824 Short-Term
    Policy Premium 

    + $223 Expense Constant

    +$1,352 Taxes & Surcharges 

    $56,399 Total Short-Term Policy Cost	Statutory
                                         Benefits - Workers Compensation & Employers Liability

        

        $1,000,000 - Each Employee

        

        $1,000,000 - Disease -
        Per Employee

        

        $1,000,000 - Disease -
        Aggregate

         

        $1,000,000 - Stop Gap
        Liability - OH

        $1,000,000 - Stop Gap Liability - WA

        
	Covered States: AL,
    AZ, AR, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MI, MN, MS, MO, NE, NV, NH, NJ, NY, NC, OH, OK, OR, PA,
    RI, SC, TN, TX, UT, VA, WA, WI, WV
	5	Business Automobile
    - Fleet	Federal
    Insurance

    Company	11/30/2017
                                         - 05/31/2019

         

        Policy

        Extension

        from

        11/30/2018 to

        05/31/2019

         
	73588735	$199,474.00
                                         11/30/17-18 Premium

                                         + $614.76 Taxes & Surcharges

                                         $200,088.76 Total 17-18 Policy Cost

         

        $101,204.52 Extension
        Premium

         

        + $312.48 NJ
        PLIGA

        $101,516.00 Total Extension Cost

         

        *$301,604.76 Total
        Costs for 11/30/2017 - 05/31/2019

         
	$1,000,000
                                         - Combined Single Limit - Symbol 1 (Any Auto)

                                         Various - PIP - Symbol 5 (Owned Autos Subject to No - Fault)

                                         $10,000 - Auto Medical Payments - Symbol 2 (Owned Autos)

                                         Minimum / Statutory Required - Uninsured / Underinsured Motorists - Symbol 10 

        $ACV or Cost of Repair
        - Physical Damage Comp and Collision

        Coverage - Symbols 2,8 (Owned & Hired)

         

        $50 - each disablement
        - Towing & Labor

        

        $50/per day / $1,500 max
        for Rental Reimbursement for a max of 30 Days 
	$1,000 each Comprehensive
    & Collision Coverages
	7	Commercial General
    Liability	Navigators
    Insurance

    Company	11/30/2017
                                         - 05/30/2019

         

        Policy

        Extension

        from

        11/30/2018 to

        05/30/2019

         
	CH17NCP02048000	$33,483.00
                                         11/30/17-18 Premium

         

        + $198.91 NJ
        PLIGA

         

        $33,681.91 Total
        17-18 Policy Cost

         

        $17,096.00 Extension
        Premium

        + $101.56 NJ PLIGA

        $17,197.56 Total Extension Cost

         

        *$50,879.47 Total
        Costs for 11/30/2017 - 05/30/2019

         
	$2,000,000
                                         - General Aggregate

        

        Not Covered - Products
        and Completed Operations

        $1,000,000 - Personal & Advertising Injury

        $1,000,000 - Each Occurrence Limit

        

        $1,000,000 - Damage to
        Premises Rented to You

        $10,000 - Medical Expense

        

        $1,000,000 - Employee
        Benefits Liability - Each Employee

        $1,000,000 - Employee Benefits Liability - Aggregate

        Retroactive Date: 10/01/2014 
	$1,000 - Employee Benefits
    Liability

    Schedule 4.29 to Credit Agreement

     

    

	NO.	Coverage	Insurance
    Carrier	Policy
    Period	Policy
    Number	Insurance
    Costs	Limits
    / Coverages	Deductibles
    / Other Considerations
	8	Foreign Package
    Policy	Navigators
    Insurance

    Company	11/30/2017
                                         - 05/31/2019

         

        Policy

        Extension

        from

        11/30/2018 to

        05/31/2019

         
	PH17FPK0BIG0RNV	$2,500
                                         11/30/17-18 Premium

         

        $1,247 Extension
        Premium

         

        *$3,747 Total
        Costs for 11/30/2017 - 05/31/2019

         
	Includes
                                         International GL, Accident, International Auto, Kidnap and Ransom & Workers Compensation
                                         Coverages

         

        $1,000,000 - International
        GL - Each Occurrence

        $2,000,000 - International GL – Aggregate

        $1,000,000 - International Auto - BI & PD

        $25,000 - Auto Medical Payments - Any One Accident

        Statutory - State of Hire / Country of Origin Benefits – International

        Voluntary Workers Compensation

        $1,000,000 - International Employers Liability

        $250,000 - International Blanket Accident Insurance

        $1,500,000 - Maximum Limit Per Accident

        $2,500,000 - Kidnap & Ransom

        
	The
                                         International General Liability coverage does not provide coverage for Products / Completed
                                         Operations.

         

        This Automobile coverage
        does not replace compulsory local requirements overseas.

         

	9	Commercial Umbrella
    Liability	Navigators
    Insurance

    Company	11/30/2017
                                         - 05/30/2019

         

        Policy

        Extension

        from

        11/30/2018 to

        05/30/2019

         
	CH17UMF922034IV	$40,253.00
                                         11/30/17-18 Premium

                                         + $241.51 NJ PLIGA

                                         $40,494.52 Total 17-18 Policy Costs

         

        $19,961.00 Extension
        Premium

        + $119.77 NJ PLIGA

        $20,080.77 Total Extension Costs

         

        *$60,575.29 Total
        Costs for 11/30/2017 - 05/30/2019

        
	$5,000,000 - Each Occurrence

    $5,000,000 – Aggregate

    Excluded - Products / Completed Operations	$10,000
                                         - Retention

         

        Underlying Policies: General
        Liability, Employer’s Liability, Employee Benefits Liability, Foreign Liability

         

	10	Excess Liability	Endurance
    American Insurance Company	11/30/2017
                                         - 05/30/2019

         

        Policy

        Extension

        from

        11/30/2018 to

        05/30/2019

         
	Policy
    Number EXC30000516400	$35,350
                                         11/30/17-18 Premium

                                         + $212 NJ PLIGA

                                         $35,562 Total 17-18 Policy Costs

         

        $17,534 Extension
        Premium

        + $105 NJ PLIGA 

        $17,639 Total Extension Costs

         

        *$53,201 Total
        Costs for 11/30/2017 - 05/30/2019

        
	$10,000,000 - Each
    Occurrence

    $10,000,000 - Aggregate (excludes Products / Completed Operations)	Underlying Policy:

    Navigators Commercial Umbrella

    $5,000,000 - Each Occurrence

    $5,000,000 - Aggregate
	11	Inland Marine -
    Transit	Underwriters
    At Lloyds 

    (Falvey Cargo)	11/30/2018
    - 05/31/2019	MC3763-WC3763	$5,235.62 Short-Term
    Policy Premium 

    + $373.97 Terrorism Premium 

    $5,609.59 Total Short-Term Policy Costs	$1,500,000 - Air Conveyance

    $1,500,000 - Land Conveyance

    $1,500,000 - Vessel Conveyance

    $150,000 - Non Containerized On Deck Conveyance

    $50,000 - Exhibition/Trade Fairs

    $50,000 - Research Animals (while on any one approved conveyance or at any one approved location)

    $50,000 - Extra Expense Each Occurrence

    $50,000 - Extra Expense Aggregate

    $25,000 - Sales Samples in the care, custody, or control of any one salesperson

    $25,000 – Messenger

    $10,000 - By any one package shipped via Registered Mail	$10,000
                                         - All Other Perils

                                         $5,000 - Any one package shipped via Registered Mail $20,000 - With respect to any one
                                         shipment in excess of $1,000,000 in values

         

        Includes $1,500,000 Sublimit
        for War

         

        Note: policy is auditable
        based on actual values shipped

         

	 	Total
    Insurance Program Cost	 	 	$1,636,560.61	 	 

    Schedule 4.29 to Credit Agreement

     

    

	

    No.	Coverage	Insurance
    Carrier	Policy
    Period	Policy
    Number	Bound
    Cost*	Limits
    / Coverages	Retentions
    / Other

    Considerations
	1	Primary Directors
    & Officers Liability and Entity Securities Liability	Chubb
    Insurance

    Company of NJ	06/09/2015
    - 06/09/2019	82238952	$252,250	$10,000,000
                                         Aggregate Limit (each Policy Period)

         

        Prior & Pending Litigation
        Date: 03/09/2010

         
	$1,000,000
    Each Claim for Company Reimbursement $1,500,000 Per Claim Securities Retention

    $1,500,000 Each Merger & Acquisition Claim
	2	Excess Directors
    & Officers Liability and Entity Securities Liability	XL
    Specialty Insurance Company	06/09/2015
    - 06/09/2019	ELU13931615	$75,525	$5,000,000 Each Claim
    and in the Policy Aggregate, excess of above captioned $10,000,000	 
	3	Excess Directors
    & Officers Liability and Entity Securities Liability	Illinois
    National

    Insurance Company

    (AIG)	06/09/2015
    - 06/09/2019	013637659	$61,229	$5,000,000 Each Claim
    and in the Policy Aggregate, excess of above captioned $15,000,000	 
	4	Excess Directors
    & Officers (Side A Only)	Continental
    Insurance

    Company of New

    Jersey

    (C.N.A)	06/09/2015
    - 06/09/2019	592410463	$43,405	$5,000,000 Each Claim
    excess of above captioned $20,000,000 - solely with respect to non-indemnifiable loss (Side A Coverage)	Includes
    Drop Down provision
	5	Excess Directors
    & Officers (Side A Only)	QBE
    Insurance

    Corporation	06/09/2015
    - 06/09/2019	QPL0051964	$34,442	$5,000,000 Each Claim
    and in the Aggregate, excess of above captioned $5,000,000 - solely with respect to non-indemnifiable loss (Side A Coverage),
    which in turn is excess of $25,000,000	Includes
    Drop Down provision
	6	Excess Directors
    & Officers (Side A Only)	National
    Union Fire

    Ins Co Pittsburgh, PA

    (AIG)	06/09/2016
    - 06/09/2019	014570541	$30,470	$5,000,000 Each Claim
    and in the Aggregate, excess of above captioned $5,000,000 - solely with respect to non-indemnifiable loss (Side A Coverage),
    which in turn is excess of $30,000,000	 
	 	SubTotal
    D&O Tower	 	 	$497,322	 	 

    Schedule 4.29 to Credit Agreement

     

    

	

    

    

    

    No.	Coverage	Insurance
    Carrier	Policy
    Period	Policy
    Number	Bound
    Cost*	Limits
    / Coverages	Retentions
    / Other

    Considerations
	7	Employment Practices
    Liability	National
    Union Fire

    Ins Co Pittsburgh, PA

    (AIG)	06/01/2018
    - 06/01/2019	014570515	$22,243	$2,000,000
                                         - Per Claim

                                         $2,000,000 - Aggregate

         

        Prior & Pending Litigation
        Dates:

        02/08/2006 with respect to the first $1,000,000 Limit

         

        06/01/2015 with respect
        to $1,000,000 excess of $1,000,000

        
	$50,000 - Per Claim

    $50,000 - Third Party Retention
	8	Fiduciary Liability	National
    Union Fire

    Ins Co Pittsburgh, PA

    (AIG)	06/01/2018
    - 06/01/2019	014570655	$1,213	$1,000,000
                                         - Per Claim

                                         $1,000,000 - Aggregate

         

        Continuity Date: 06/01/2006

        
	$0 Retention Per Claim
	9	Crime	National
    Union Fire

    Ins Co Pittsburgh, PA

    (AIG)	06/01/2018
    - 06/01/2019	014570285	$5,840	$1,000,000 Employee
    Dishonesty Coverage (including ERISA)

    $1,000,000 Forgery or Alteration Coverage $1,000,000 Inside the Premises - Theft of Money and Securities Coverage

    $1,000,000 Inside the Premises - Robbery & Safe Burglary Coverage

    $1,000,000 Outside the Premises Coverage $1,000,000 Computer Fraud Coverage $1,000,000 Funds Transfer Fraud Coverage $1,000,000
    Money Orders & Counterfeit Money Coverage

    $1,000,000 Credit, Debit or Charge Card Forgery Coverage

    $250,000 Impersonation Fraud Coverage	$25,000
                                         - applies for each coverage separately; except $50,000 - Impersonation Fraud (per occurrence)

         

        $0 with respect to ERISA
        Coverage for Employee Dishonesty

         

	 	TOTAL
    Management Liability Insurance Coverages	 	$526,618	 	 

 

    Schedule 4.29 to Credit Agreement

     

    

 

Schedule
5.1

 

Financial
Statements, Reports, Certificates

 

Deliver to
Agent (and if so requested by Agent, with copies for each Lender) each of the financial statements, reports, or other items set
forth below at the following times:

 

	by no later than March 20, 2019 and thereafter on a
    monthly basis no later than 20 days after the end of the relevant month,	(a)an unaudited consolidated monthly balance
    sheet and related consolidated statements of income and cash flows of the Borrower and its consolidated Subsidiaries for each
    month (commencing with the month ended February 28, 2019), in each case prepared in accordance with GAAP applied on a consistent
    basis throughout the periods involved and in a manner consistent with the unaudited financial statements referred to in Section
    4.8 of the Agreement, accompanied by a certification of an Authorized Person of the Borrower substantially consistent with
    the first sentence of Section 4.8 of the Agreement.
	 	 
	concurrently with delivery thereof,	(a)any financial statements or other financial reporting
    of any of the Debtors delivered pursuant to any Sale Agreement.
	 	 
	promptly, but in any event within 5 days after Borrower has knowledge
    of,	(a)       any
        event or condition that constitutes a Default or an Event of Default, notice of such event or condition and a statement
        of the curative action that Borrower and/or the relevant Subsidiary proposes to take with respect thereto,

         

        (b)       any
        default or breach under, or termination of, any Material Contract of a Loan Party or its Subsidiary, notice of such default,
        breach or termination and a statement of the curative action that Borrower and/or the relevant Subsidiary proposes to
        take with respect thereto,

         

        (c)       any
        material development in connection with disputes with suppliers to or customers of the Borrower and its Subsidiaries,
        including, without limitation, commencement and completion of arbitration, notice of such material development,

         

        (d)       that
any Loan Party or its Subsidiaries, an owner, officer, manager, employee or Person with a “direct or indirect ownership
interest” (as that phrase is defined in 42 C.F.R. §420.201) in any Group Member: (i) has had a civil monetary penalty
assessed against him or her pursuant to 42 U.S.C. §1320a-7a or is the subject of a proceeding seeking to assess such penalty;
(ii) has been excluded from participation in a Federal Health Care Program (as that term is defined in 42 U.S.C. §1320a-7b)
or Government Drug Rebate Program or is the subject of a proceeding seeking to assess such penalty; (iii) has been convicted (as
that term is defined in 42 C.F.R. §1001.2) of any of those offenses described in 42 U.S.C. §1320a-7b or 18 U.S.C. §§669,
1035, 1347, 1518 or is the subject of a proceeding seeking to assess such penalty; or (iv) has been involved or named in a U.S.
Attorney complaint made or any other action taken pursuant to the False Claims Act under 31 U.S.C. §§3729-3731 or in
any qui tam action brought pursuant to 31 U.S.C. §3729 et seq.; any pending or threatened revocation, suspension, termination,
probation, restriction, limitation, denial, or non-renewal with 

        

 

 

    
Schedule 5.1
Page - 1 - 

    

    

 

	 	respect to any Health Care Permit or Registration,

 

(e)       any
allegations of licensure violations or fraudulent acts or omissions involving any Loan Party or any of its Subsidiaries,

 

(f)       the
pending or threatened imposition of any material fine or penalty by any Governmental Authority under any Health Care Law against
any Loan Party or any of its Subsidiaries, and

 

(g)        the exclusion
or debarment from any Governmental Drug Rebate Program or other federal healthcare program or debarment or disqualification by
any Governmental Authority of any Loan Party, any of its Subsidiaries, or any of their officers, directors, employees, agents,
or contractors.

	 	 
	at least five (5) Business Days in advance of the termination of
    any Sale Agreement,	(a) written notice of the termination of such Sale Agreement.
	 	 
	promptly, but in any event within 5 days of Borrower providing
    or receiving, as applicable,	(a)       
        copies of all settlement agreements entered into by a Loan Party or any of its Subsidiaries,

         

        (b)       any
        notice received by a Loan Party or any of its Subsidiaries alleging potential or actual violations of any Health Care
        Law,

         

        (c)       any
        notice that any Regulatory Authority is limiting, suspending or revoking any Registration, requiring adverse changes to
        the marketing classification, distribution pathway or parameters, or labeling of the products of any Loan Party or any
        of its Subsidiaries, or considering any of the foregoing,

         

        (d)any
        notice, including, but not limited to, a Form FDA-483, untitled letter, warning letter, or notice of violation letter,that
        any Loan Party or any of its Subsidiaries has become subject to any Regulatory Action, and

         

        (e)       any
        notice that any Product of any Loan Party or any of its Subsidiaries has been seized, withdrawn, recalled, detained, or
        subject to a suspension of manufacturing, or the commencement of any proceedings seeking the withdrawal, recall, suspension,
        import detention, or seizure of any Product are pending or threatened against any Loan Party or any of its Subsidiaries.

        

	 	 
	Promptly,
        but in any

        

        event
        within 15 days

        

        after
        the same are

        

        required
        to be filed with

        

        the
        SEC,

         
	(a)
               form 10-K annual reports, and

         

        (b)
               form 10-Q quarterly reports.

         

	promptly after the commencement thereof or any material development 	(a)notice of the commencement or any material development
    in all actions, suits, or proceedings brought by or against Borrower or any of its Subsidiaries before any Governmental Authority
    (i) alleging a potential or 

 

 

    
Schedule 5.1
Page - 2 - 

    

    

 

	therein, but in any event within 5 days after the service of process with respect thereto on Borrower or any of its Subsidiaries,	actual violation of Health Care Laws, or (ii) which could otherwise reasonably could be expected
    to result in a Material Adverse Effect.
	 	 
	promptly after any request from the Agent or any Lender,	(a)daily revenue reporting with respect to the Debtors.
	 	 
	upon the reasonable request of Agent or the Required Lenders,	(a) any other information reasonably requested relating
    to the financial condition of Borrower or its Subsidiaries.
	 	 
	 	Documents required to be delivered pursuant to Section 5.1
    of the Agreement in respect of information filed by any Loan Party with any securities exchange or with the SEC or any
    analogous governmental or private regulatory authority with jurisdiction over matters relating to securities shall be deemed
    to have been delivered on the date on which such items have been made publicly available on the SEC website or the website
    of the relevant analogous governmental or private regulatory authority or securities exchange.

 

 

 

    
Schedule 5.1
Page - 3 - 

    

    

Schedule
5.18

 

Post-Closing
Obligations

 

		N/A	

 

    
Schedule 5.18
Page - 1 - 

    

    

Schedule
5.22

 

Milestones

 

(a)       Not
later than March 3, 2019, Borrower and each of its Subsidiaries shall file voluntary petitions for relief commencing a case under
chapter 11 of the Bankruptcy Code in the Bankruptcy Court, and file and serve one or more motions, each in form and substance
reasonably acceptable to the Lenders, seeking approval of (i) the Agreement and the related guarantees and liens contemplated
to be provided with respect to the Agreement on an interim and final basis, (ii) the Sale Procedures Order and the Sale Order
and (iii) the assumption of the Services Agreement (if not earlier terminated).

 

(b)       Not
later than five (5) days following the Petition Date, the Bankruptcy Court shall have entered the Interim DIP Order.

 

(c)       Not
later than thirty-five (35) days after the Petition Date, the Bankruptcy Court shall have entered the Final DIP Order and the
Sale Procedures Order.

 

(d)       Not
later than sixty (60) days after the Petition Date, the Auction (if necessary) shall have been held pursuant to the Sale Procedures
Order, and the Sale Procedures Order shall be in full force and effect, and shall not have been (A) vacated, reversed, or stayed,
or (B) amended or modified except as otherwise agreed to in writing by Lenders in their sole discretion.

 

(e)       Not
later than seventy-five (75) days following the Petition Date, the Bankruptcy Court shall have entered the Sale Order, and the
Sale Order shall be in full force and effect, and shall not have been (A) vacated, reversed, or stayed, or (B) amended or modified
except as otherwise agreed to in writing by Lenders in their sole discretion.

 

    
Schedule 5.22
Page - 2 - 

    

    

 

 

EXHIBIT
A-1

 

[FORM
OF] ASSIGNMENT AND ACCEPTANCE AGREEMENT

 

This
ASSIGNMENT AND ACCEPTANCE AGREEMENT (“Assignment Agreement”) is entered into as of __________________
between ______________________ (“Assignor”) and______________________ (“Assignee”). Reference
is made to the Agreement described in Annex I hereto (the “Credit Agreement”). Capitalized terms used herein
and not otherwise defined shall have the meanings ascribed to them in the Credit Agreement.

 

1.       In
accordance with the terms and conditions of Section 13 of the Credit Agreement, the Assignor hereby sells and assigns to
the Assignee, and the Assignee hereby purchases and assumes from the Assignor, that interest in and to the Assignor's rights and
obligations under the Loan Documents as of the date hereof with respect to the Obligations owing to the Assignor, and Assignor’s
portion of the Commitments, all to the extent specified on Annex I.

 

2.       The
Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the interest being assigned by it hereunder
and that such interest is free and clear of any adverse claim and (ii) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby; (b) makes
no representation or warranty and assumes no responsibility with respect to (i) any statements, representations or warranties
made in or in connection with the Loan Documents, or (ii) the execution, legality, validity, enforceability, genuineness, sufficiency
or value of the Loan Documents or any other instrument or document furnished pursuant thereto; (c) makes no representation or
warranty and assumes no responsibility with respect to the financial condition of the Borrower or any Guarantor or the performance
or observance by the Borrower or any Guarantor of any of their respective obligations under the Loan Documents or any other instrument
or document furnished pursuant thereto, and (d) represents and warrants that the amount set forth as the Purchase Price on Annex
I represents the amount owed by the Borrower to Assignor with respect to Assignor’s share of the Loans assigned hereunder,
as reflected on Assignor’s books and records.

 

3.       The
Assignee (a) confirms that it has received copies of the Credit Agreement and the other Loan Documents, together with copies of
the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its
own credit analysis and decision to enter into this Assignment Agreement; (b) agrees that it will, independently and without reliance
upon Agent, Assignor, or any other Lender, based upon such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking any action under the Loan Documents; (c) appoints and authorizes
the Agent to take such action as agent on its behalf and to exercise such powers under the Loan Documents as are delegated to
Agent by the terms thereof, together with such powers as are reasonably incidental thereto; [and] (d) agrees that it will perform
in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by
it as a Lender[ and (e) attaches the forms prescribed by the Internal Revenue Service of the United States certifying as to the
Assignee's status for purposes of determining exemption from United States withholding taxes with respect to all payments to be
made to the Assignee under the Credit Agreement or such other documents as are necessary to indicate that all such payments are
subject to such rates at a rate reduced by an applicable tax treaty].

 

4.       Following
the execution of this Assignment Agreement by the Assignor and Assignee, the Assignor will deliver this Assignment Agreement to
the Agent for recording by the Agent. The effective date of this Assignment (the “Settlement Date”) shall be
the latest to occur of (a) the date of the execution and delivery hereof by the Assignor and the Assignee, (b) the receipt by
Agent for its sole

 

    Exhibit A-1

    

    

and
separate account a processing fee in the amount of $3,500 (unless waived by Agent), (c) the receipt of any required consent of
the Agent, (d) the receipt by Agent of an Administrative Questionnaire from the Assignee and (e) the date specified in Annex
I.

 

5.       As
of the Settlement Date (a) the Assignee shall be a party to the Credit Agreement and, to the extent of the interest assigned pursuant
to this Assignment Agreement, have the rights and obligations of a Lender thereunder and under the other Loan Documents (and for
the avoidance of doubt, shall have no greater rights under Section ‎16 than the assigning Lender), and (b) the Assignor
shall, to the extent of the interest assigned pursuant to this Assignment Agreement, relinquish its rights (except with respect
to Section ‎10.3) and be released from any future obligations under the Credit Agreement and the other Loan Documents,
provided, however, that nothing contained herein shall release any assigning Lender from obligations that survive the termination
of this Agreement, including such assigning Lender’s obligations under Section 15, Section 16 and Section
17.9(a) of the Credit Agreement.

 

6.       Upon
the Settlement Date, Assignee shall pay to Assignor the Purchase Price (as set forth in Annex I). From and after the Settlement
Date, Agent shall make all payments that are due and payable to the holder of the interest assigned hereunder (including payments
of principal, interest, fees and other amounts) to Assignor for amounts which have accrued up to but excluding the Settlement
Date and to Assignee for amounts which have accrued from and after the Settlement Date. On the Settlement Date, Assignor shall
pay to Assignee an amount equal to the portion of any interest, fee, or any other charge that was paid to Assignor prior to the
Settlement Date on account of the interest assigned hereunder and that are due and payable to Assignee with respect thereto, to
the extent that such interest, fee or other charge relates to the period of time from and after the Settlement Date.

 

7.       This
Assignment Agreement may be executed in counterparts and by the parties hereto in separate counterparts, each of which when so
executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. This Assignment
Agreement may be executed and delivered by telecopier or other facsimile transmission all with the same force and effect as if
the same were a fully executed and delivered original manual counterpart.

 

8.       THIS
ASSIGNMENT AGREEMENT SHALL BE SUBJECT TO THE PROVISIONS REGARDING CHOICE OF LAW AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE
SET FORTH IN SECTION 12 OF THE CREDIT AGREEMENT, AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS
MUTANDIS.

 

    Exhibit A-2

    

    

The terms set forth in this Assignment
and Acceptance are hereby agreed to:

 

 

	 	ASSIGNOR:
	 	 
	 	[NAME OF ASSIGNOR]
	 	 
	 	 
	 	By:	           
	 		Name:  
	 		Title:  
	 	 
	 	ASSIGNEE:
	 	 
	 	[NAME OF ASSIGNEE]
	 	 
	 	 
	 	By:	 
			Name:
			Title:
	 	 

 

	Consented to and Accepted:	 
	 	 
	Cantor Fitzgerald Securities,
    as Agent	 
	 	 
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 
	 	 
	[Consented to:]1	 
	 	 
	Pernix Therapeutics Holdings,
    Inc.	   
	 	 
	 	 
	By:	      	   
	 	Name:	 
		Title:	 
	 	 

 

 

 

1To
be added only if the consent of the Borrower is required by the terms of the Credit Agreement.

 

 

    Exhibit A-3

    

    

ANNEX FOR
ASSIGNMENT AND ACCEPTANCE

 

ANNEX I

 

		1.	Borrower:
                                         Pernix Therapeutics Holdings, Inc., a
                                         Maryland corporation and a debtor and a debtor-in-possession (the “Borrower”).

 

		2.	Name and
                                         Date of Credit Agreement:

 

Senior
Secured Superpriority Debtor-In-Possession Credit Agreement, dated as of February 22, 2019 (as amended, restated, supplemented,
or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, the lenders party
thereto as “Lenders”, and Cantor Fitzgerald Securities, as administrative agent for each member of the Lender Group
(in such capacity, together with its successors and assigns in such capacity, the “Agent”).

 

		3.	Date of
                                         Assignment Agreement:	____________

 

		4.	Amounts:	____________

 

		a.	Assigned
                                         Amount of Commitment	$____________

 

		b.	Assigned
                                         Amount of Loans	$____________

 

		5.	Settlement
                                         Date:	____________

 

		6.	Purchase
                                         Price	$____________

 

		7.	Notice
                                         and Payment Instructions, etc.

 

 

	Assignee:	 	Assignor:
	 	 	 
		 	 
	 	 	 

 

 

    Exhibit A-4

    

    

EXHIBIT
B-1

 

[FORM
OF] NOTICE OF BORROWING

 

[NOTE:
No Notice of Borrowing shall be delivered to the Agent or any Lender during the hours of 9:00 a.m. through 4:00 p.m., New York
City time, on any Business Day] 

 

Cantor Fitzgerald Securities

 

Attention: [●]

Tel: [●]

 

Email: [●]

 

[●][●],
20[●]2

 

Ladies and Gentlemen:

 

Reference is hereby made to that
certain Senior Secured Superpriority Debtor-In-Possession Credit Agreement, dated as of February 22, 2019 (as amended, restated,
supplemented, or otherwise modified from time to time, the “Credit Agreement”), by and among Pernix Therapeutics
Holdings, Inc., a Maryland corporation and a debtor and a debtor-in-possession (the “Borrower”), the lenders
party thereto as “Lenders”, and Cantor Fitzgerald Securities, as administrative agent for each member of the Lender
Group (in such capacity, together with its successors and assigns in such capacity, the “Agent”). Terms defined
in the Credit Agreement are used herein with the same meanings unless otherwise defined herein.

 

The undersigned
hereby gives you notice pursuant to Section 2.3(a) of the Credit Agreement that it requests Borrowings under the Credit
Agreement to be made on [●], 20[●], and in that connection sets forth below the terms on which the Borrowings are
requested to be made:

 

		(A)	Borrower:
                                         Pernix Therapeutics Holdings, Inc.

 

		(B)	Funding Date (which shall be a Business Day)	 [●]

 

		(C)	Aggregate Amount of Borrowing	$[●]

 

		(D)	Type of Borrowing 	[Base Rate][LIBOR Rate] Loan

 

		(E)	Interest Period (in the case of a LIBOR Rate Borrowing)	[●]

 

 

 

2 The
Agent must be notified in writing, which must be received by the Agent no later than 11:00 a.m. on the Business Day that is three
(3) Business Days prior to the requested Funding Date; provided, that (i)
a Notice of Borrowing in respect of any Borrowing to be made on the Closing Date may be delivered no later than 6:00 p.m. on the
Business Day prior to the Closing Date (or such later time as may be reasonably agreed by the Required Lenders), (ii) Agent may,
at the direction of the Required Lenders in their sole discretion, elect to accept as timely requests that are received later
than 11:00 a.m. on the applicable Business Day and (iii) no Notice of Borrowing shall be delivered to the Agent or any Lender
during the hours of 9:00 a.m. through 4.00 p.m. New York City time, on any Business Day. At Agent’s election, in lieu of
delivering the above-described written request, any Authorized Person may give Agent telephonic notice of such request by the
required time. In such circumstances, the Borrower agrees that any such telephonic notice will be confirmed in writing within
one (1) Business Day of the giving of such telephonic notice, but the failure to provide such written confirmation shall not affect
the validity of the request.

 

    Exhibit B-1

    

    

		(F)	Amount,
                                         Account Number and Location

 

	Wire Transfer Instructions:
	Amount	$[●]
	Bank:	[●]
	ABA No.:	[●]
	Account No.:	[●]
	Account Name:	[●]
	 	 

 

The undersigned hereby certifies
that the following statements are true on the date hereof, and will be true on the Funding Date:

 

(A)             
The representations and warranties of the Loan Parties set forth in the Credit Agreement and the other Loan Documents are
true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations
and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date of the Borrowing
with the same effect as though such representations and warranties had been made on and as of the date of such Borrowing; provided
that to the extent that any representation and warranty specifically refers to a given date or period, it is true and correct
in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties
that already are qualified or modified by materiality in the text thereof) as of such earlier date or for such period.

 

(B)             
At the time of and immediately after giving effect to the Borrowing, no Default or Event of Default has occurred and is
continuing.

 

(C)             
The amount of the requested Borrowing, together with all other Loans outstanding as of the Funding Date, does not exceed
the amount authorized by the [Interim DIP Order][Final DIP Order].

 

[Signature
Page Follows]

 

    Exhibit B-2

    

    

	 	PERNIX THERAPEUTICS HOLDINGS, INC.
	 	 
	 	 
	 	By:	     
	 	 	Name:
	 		Title:
	 	 	 

 

 

 

    
[Signature Page to Notice of Borrowing (Pernix DIP)]

    

    

EXHIBIT
I-1

 

[FORM
OF] INTERCOMPANY SUBORDINATION AGREEMENT

 

This
INTERCOMPANY SUBORDINATION AGREEMENT (as amended, restated, supplemented, or otherwise modified from time to time, this “Agreement”),
dated as of February 22, 2019, is entered into by and among the Obligors listed on the signature pages hereof and those additional
entities that hereafter become parties hereto by joinder (collectively, jointly, and severally, the “Obligors” and
each, individually, an “Obligor”), in favor of CANTOR FITZGERALD SECURITIES, in its capacity as administrative
agent for each member of the Lender Group (in such capacity, together with its successors and assigns in such capacity, “Agent”),
in light of the following:

 

WHEREAS,
pursuant to that certain Senior Secured Superpriority Debtor-In-Possession Credit Agreement of even date herewith (as amended,
restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”) by and among the lenders
party thereto as “Lenders” (each of such Lenders, together with its successors and permitted assigns, is referred
to hereinafter as “Lender”), the Agent and PERNIX THERAPEUTICS HOLDINGS, INC., a Maryland corporation,
a Debtor and a Debtor-in-Possession as Borrower (the “Borrower”), the Lender Group has agreed to make certain
financial accommodations available to the Borrower from time to time pursuant to the terms and conditions thereof;

 

WHEREAS,
each Obligor has made or may make certain loans or advances from time to time to one or more other Obligors; and

 

WHEREAS,
in order to induce Agent and the Lender Group to enter into the Credit Agreement and the other Loan Documents and to induce the
Lender Group to make financial accommodations to the Borrower pursuant to the Loan Documents, and in consideration thereof, and
in consideration of any loans or other financial accommodations heretofore or hereafter extended by the below defined Lender Group
to the Borrower pursuant to the Loan Documents, each Obligor has agreed to subordinate the indebtedness of each other Obligor
owed to such Obligor to the below defined Senior Debt upon the terms and subject to the conditions set forth in this Agreement.

 

NOW,
THEREFORE, for and in consideration of the mutual promises, covenants, conditions, representations, and warranties set
forth herein and for other good and valuable consideration, the receipt, sufficiency, and adequacy of which are hereby acknowledged,
each Obligor and Agent hereby agree as follows:

 

Section
1.            
Definitions and Construction. (a) Terms Defined in Credit Agreement. All initially capitalized terms used
in this Agreement and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.

 

Certain
Defined Terms. As used in this Agreement, the following terms shall have the following meanings:

 

“Agent”
has the meaning specified therefor in the preamble hereto.

 

“Agreement”
has the meaning specified therefor in the preamble hereto.

 

“Borrower”
has the meaning specified therefor in the recitals to this Agreement.

 

“Credit
Agreement” has the meaning specified therefor in the recitals hereto.

 

    Exhibit I-1-1

    

    

“Creditor
Obligor” has the meaning specified therefor in the definition of Subordinated Debt.

 

“Debtor
Obligor” has the meaning specified therefor in the definition of Subordinated Debt.

 

“Discharge
of Senior Debt” means (i) the payment or repayment in full in cash of (A) the principal amount of, and interest accrued
with respect to, all outstanding Loans, together with the payment of any premium applicable to the repayment of the Loans, (B)
all Lender Group Expenses that have accrued regardless of whether demand has been made therefor and (C) all fees or charges that
have accrued under the Credit Agreement or under any other Loan Document, (ii) the receipt by Agent of cash collateral in
order to secure any other contingent Senior Debt for which a claim or demand for payment has been made at such time or in respect
of matters or circumstances known to Agent or a Lender at the time that are reasonably expected to result in any loss, cost, damage
or expense (including attorney’s fees and legal expenses), such cash collateral to be in such amount as Agent reasonably
determines is appropriate to secure such contingent Senior Debt, (iii) the payment or repayment in full in cash of all other Senior
Debt other than unasserted contingent indemnification obligations and  (iv) the termination of all of the Commitments of
the Lenders.

 

“Insolvency
Event” has the meaning specified therefor in ‎Section 3.

 

“Lender”
and “Lenders” have the respective meanings specified therefor in the recitals to this Agreement.

 

“Obligor”
and “Obligors” have the respective meanings specified therefor in the preamble hereto.

 

“Senior
Debt” means all obligations (including the Obligations and the Indebtedness evidenced by the Guaranty (as defined in
the Guaranty and Security Agreement)) and all amounts owing, due, or secured under, or in connection with, the terms of, or evidenced
by, the Credit Agreement or any other Loan Document, whether now existing or arising hereafter, including all principal, premium,
interest, fees, attorney’s fees, costs, charges, expenses, reimbursement obligations, any other indemnities or guarantees,
and all other amounts payable under or secured by any Loan Document (including all amounts accruing on or after the commencement
of any Insolvency Proceeding relating to any Loan Party, or that would have accrued or become due under the terms of any Loan
Document but for the commencement of any Insolvency Proceeding with respect to any Loan Party and irrespective of whether a claim
for all or any portion of such amounts is allowable or allowed in such Insolvency Proceeding).

 

“Subordinated
Debt” means, with respect to each Obligor (each, a “Creditor Obligor”), all Indebtedness, liabilities,
and other obligations, whether now existing or arising hereafter, of any other Obligor (each, a “Debtor Obligor”),
including all principal, premium, interest, fees, attorney’s fees, costs, charges, expenses, reimbursement obligations and
any other amounts, in each case, that are owing or due to the Creditor Obligor by such Debtor Obligor, whether now existing or
hereafter arising, and whether due or to become due, absolute or contingent, liquidated or unliquidated, determined or undetermined,
including all fees and all other amounts payable by such Debtor Obligor to such Creditor Obligor under or in connection with any
documents or instruments related thereto.

 

“Subordinated
Debt Payment” means any payment or distribution by or on behalf of any of the Obligors, directly or indirectly, of assets
of any of the Obligors of any kind or character, whether in cash, property, or securities, including on account of the purchase,
redemption, or other acquisition of Subordinated Debt, as a result of any collection, sale, or other disposition of Collateral,
or by setoff, exchange, or in any other manner, for or on account of the Subordinated Debt.

 

    Exhibit I-1-2

    

    

(b)
Construction. The construction provisions set forth in Section 1.4 of the Credit Agreement shall apply mutatis mutandis
to this Agreement as if expressly set forth therein and herein. Without limitation of the foregoing, the captions and headings
of this Agreement are for convenience of reference only and shall not affect the construction of this Agreement.

 

Section
2.            
Subordination to Payment of Senior Debt. All payments on account of the Subordinated Debt shall be subject, subordinate,
and junior, in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the Discharge of
Senior Debt.

 

Section
3.            
Subordination upon Any Distribution of Assets of the Obligors. In the event of any payment or distribution of assets
of any Debtor Obligor of any kind or character, whether in cash, property, or securities, upon the dissolution, winding up, or
total or partial liquidation or reorganization, readjustment, arrangement, or similar proceeding relating to such Debtor Obligor
or its property, whether voluntary or involuntary, or in bankruptcy, insolvency, receivership, arrangement, or similar proceedings
or upon an assignment for the benefit of creditors, or upon any other marshaling or composition of the assets and liabilities
of such Debtor Obligor, or upon the occurrence of an Insolvency Proceeding, or otherwise (such events, collectively, the “Insolvency
Events”): (a) the Discharge of Senior Debt must have occurred before any Subordinated Debt Payment is made; and (b)
any Subordinated Debt Payment to which any Creditor Obligor would be entitled except for the provisions hereof, shall be paid
or delivered by the trustee in bankruptcy, receiver, assignee for the benefit of creditors, or other liquidating lender making
such payment or distribution directly to Agent for application to the payment of the Senior Debt until the Discharge of Senior
Debt has occurred, after giving effect to any concurrent payment or distribution or provision therefor to Agent or any member
of the Lender Group in respect of such Senior Debt.

 

Section
4.            
Payments on Subordinated Debt. (a) Permitted Payments. So long as no Event of Default has occurred and is
continuing, each Debtor Obligor may make, and each Creditor Obligor shall be entitled to accept and receive Subordinated Debt
Payments permitted by Section 6.6(a) of the Credit Agreement, to the extent such payments are made in the Ordinary Course of Business;
provided that, notwithstanding anything to the contrary herein or in any Loan Document, without the express written consent of
the Agent (at the direction of the Required Lenders), (i) none of the Debtor Obligors that are Loan Parties shall at any time
make any Subordinated Debt Payments to any Creditor Obligor that is not a Loan Party and (ii) none of the Creditor Obligors that
are not Loan Parties shall be at any time entitled to accept or receive any Subordinated Debt Payments from or on behalf of any
Debtor Obligor that is a Loan Party.

 

(b)
       No Payment upon Senior Debt Defaults. Upon the occurrence and during the continuance
of any Event of Default, and until such Event of Default is waived in accordance with the Credit Agreement, no Debtor Obligor
shall make, and no Creditor Obligor shall accept or receive, any Subordinated Debt Payment. For the avoidance of doubt, once such
Event of Default is cured or waived, and so long as no other Event of Default has occurred and is continuing, any Debtor Obligor
may make and any Creditor Obligor may accept or receive, in the Ordinary Course of Business any Subordinated Debt payment, including
payments scheduled for the period of time when such Event of Default existed to the extent permitted by Section 6.6(a) of the
Credit Agreement, but subject in all respects to the proviso to Section 4(a) set forth above.

 

Section
5.            
Subordination of Remedies. Until the Discharge of Senior Debt has occurred, whether or not any Insolvency Event
has occurred, no Creditor Obligor will:

 

(a)
accelerate, make demand, or otherwise make due and payable prior to the original due date thereof any Subordinated Debt;

 

    Exhibit I-1-3

    

    

(b)
bring, commence, institute, prosecute, or participate in any lawsuit, action, or proceeding, whether private, judicial, equitable,
administrative, or otherwise to enforce its rights or interests in respect of the Subordinated Debt;

 

(c)
exercise any rights under or with respect to guaranties of the Subordinated Debt, if any;

 

(d)
exercise any of its rights or remedies in connection with the Subordinated Debt with respect to any Collateral of any Debtor Obligor;

 

(e)
exercise any right to set-off or counterclaim in respect of any Indebtedness, liabilities, or obligations of such Creditor Obligor
to any Debtor Obligor against any of the Subordinated Debt;

 

(f)
in its capacity as a Creditor Obligor, contest, protest, or object to any exercise of secured creditor remedies by Agent, any
other member of the Lender Group in connection with the Senior Debt;

 

(g)
object to any forbearance by Agent or any other member of the Lender Group in connection with the Senior Debt; or

 

(h)
commence, or cause to be commenced, or join with any creditor other than Agent or any Lender in commencing, any Insolvency Proceeding
against any Debtor Obligor.

 

Section
6.            
Payment over to Agent. In the event that, notwithstanding the provisions of Sections ‎2, ‎3,
‎4, and ‎5, any Subordinated Debt Payments shall be received in contravention of any such Sections ‎2,
‎3, ‎4, and ‎5 by any Creditor Obligor before the Discharge of Senior Debt has occurred, such
Subordinated Debt Payments shall be segregated and held in trust for the benefit of the Lender Group and shall be forthwith paid
over or delivered to Agent, in the same form as received and with any necessary endorsements, for application to the payment of
the Senior Debt in accordance with the terms of the Loan Documents. Agent is authorized to make any such endorsements as Agent
for the Creditor Obligors. Such authorization is coupled with an interest and is irrevocable until the Discharge of Senior Debt.

 

Section
7.            
Authorization to Agent. If, while any Subordinated Debt is outstanding and before Discharge of Senior Debt has occurred,
any Insolvency Event shall occur and be continuing with respect to any Obligor or its property: (a) Agent hereby is irrevocably
authorized and empowered (in the name of each Obligor or otherwise), but shall have no obligation, to demand, sue for, collect,
and receive every payment or distribution in respect of the Subordinated Debt and give acquittance therefor and to file claims
and proofs of claim and take such other action (including voting the Subordinated Debt) as it may deem necessary or advisable
for the exercise or enforcement of any of the rights or interests of Agent (or any member of the Lender Group) under any of the
Loan Documents; and (b) each Obligor shall promptly take such action as Agent may reasonably request (i) to collect the Subordinated
Debt for the account of the Lender Group and to file appropriate claims or proofs of claim in respect of the Subordinated Debt,
(ii) to execute and deliver to Agent such powers of attorney, assignments, and other instruments as it may reasonably request
to enable it to enforce any and all claims with respect to the Subordinated Debt, and (iii) to collect and receive any and all
Subordinated Debt Payments.

 

Section
8.            
Certain Agreements of Each Obligor. (a) No Benefits. Each Obligor understands that there may be various agreements
between the Lender Group and any other Obligor evidencing and governing the Senior Debt, and each Obligor acknowledges and agrees
that such agreements are not intended to confer any benefits on such Obligor unless such Obligor is also a party thereto (in which
case, the rights of such Obligor are as set forth therein) and that Agent and the other members of the Lender Group shall have
no obligation to such Obligor or any other Person to exercise any rights, enforce any remedies, or take any actions which may
be available to them under such agreements unless such Obligor

 

    Exhibit I-1-4

    

    

is
also a party thereto (in which case, the rights of such Obligor are as set forth therein).

 

(b)
No Interference. Each Obligor acknowledges that certain other Obligors have granted to Agent for the benefit of the Lender
Group security interests in certain of such other Obligor’s assets, and agrees not to interfere with or in any manner oppose
a disposition of any Collateral by Agent in accordance with the applicable Loan Documents or applicable law.

 

(c)
Reliance by Agent and Lender Group. Each Obligor acknowledges and agrees that Agent and each member of the Lender Group
will have relied upon and will continue to rely upon the subordination provisions provided for herein and the other provisions
hereof in entering into the Loan Documents and making or issuing the Loans or other financial accommodations thereunder.

 

(d)
Waivers. Except as provided under the Credit Agreement or any other Loan Document, each Obligor hereby waives any and all
notice of the incurrence of the Senior Debt or any part thereof and any right to require marshaling of assets.

 

(e)
Obligations of Each Obligor Not Affected. Each Creditor Obligor hereby agrees that at any time and from time to time, without
notice to or the consent of such Creditor Obligor, without incurring responsibility to such Creditor Obligor, and without impairing
or releasing the subordination provided for herein or otherwise impairing the rights of Agent or any other member of the Lender
Group hereunder: (i) the time for any Debtor Obligor’s performance of or compliance with any of its agreements contained
in the Loan Documents may be extended or such performance or compliance may be waived by Agent or any other member of the Lender
Group; (ii) the agreements of any Debtor Obligor with respect to the Loan Documents may from time to time be modified by such
other Debtor Obligor, Agent or any other member of the Lender Group for the purpose of adding any requirements thereto or changing
in any manner the rights and obligations of such Debtor Obligor, Agent or any other member of the Lender Group thereunder; (iii)
the manner, place, or terms for payment by any Debtor Obligor of Senior Debt or any portion thereof may be altered or the terms
for payment extended, or the Senior Debt of any Debtor Obligor may be renewed in whole or in part; (iv) the maturity of the Senior
Debt of any Debtor Obligor may be accelerated in accordance with the terms of any present or future agreement by any Debtor Obligor,
Agent or any other member of the Lender Group; (v) any Collateral may be sold, exchanged, released, or substituted and any Lien
in favor of Agent may be terminated, subordinated, or fail to be perfected or become unperfected; (vi) any Person liable in any
manner for Senior Debt may be discharged, released, or substituted; and (vii) all other rights against the Debtor Obligors, any
other Person, or with respect to any Collateral may be exercised (or Agent or any other member of the Lender Group may waive or
refrain from exercising such rights as provided in the Loan Documents or under applicable law) in each case, in accordance with
the applicable Loan Documents and applicable law.

 

(f)
Rights of Agent Not to be Impaired. No right of Agent or any other member of the Lender Group to enforce the subordination
provided for herein or to exercise its other rights hereunder shall at any time in any way be prejudiced or impaired by any act
or failure to act by any Obligor, Agent or any other member of the Lender Group hereunder or under or in connection with the other
Loan Documents or by any noncompliance by the other Obligors with the terms and provisions and covenants herein or in any other
Loan Document, regardless of any knowledge thereof Agent or any other member of the Lender Group may have or otherwise be charged
with.

 

(g)
Financial Condition of the Obligors. No Obligor shall have any right to require Agent to obtain or disclose any information
with respect to: (i) the financial condition or character of any other Obligor or the ability of any other Obligor to pay and
perform any or all of Senior Debt; (ii) the Senior Debt; (iii) the Collateral or other security for any or all of the Senior Debt;
(iv) the existence or nonexistence of any guarantees of, or any other subordination agreements with respect to, all or any part

 

    Exhibit I-1-5

    

    

of the Senior Debt; (v) any action
or inaction on the part of Agent or any other Person; or (vi) any other matter, fact, or occurrence whatsoever.

 

(h)
Acquisition of Liens or Guaranties. Except as expressly permitted by the Credit Agreement, no Creditor Obligor shall (i)
acquire any Lien on any asset of any Debtor Obligor or (ii) accept any guaranties from any other Obligor or from any other Subsidiary
of any Loan Party for the Subordinated Debt.

 

Section
9.            
Subrogation. With respect to any payments or distribution in cash, property, or other assets that any Creditor Obligor
pays over to Agent (for the benefit of the Lender Group) under the terms of this Agreement, each Creditor Obligor shall be subrogated
to the rights of Agent, the other members of the Lender Group; provided, however, that each Creditor Obligor agrees
not to assert or enforce any such rights of subrogation it may acquire as a result of any such payment or distribution hereunder
until the Discharge of Senior Debt has occurred; provided further, however, that no Creditor Obligor shall exercise
or enforce any such rights against any Debtor Obligor (including after the Discharge of Senior Debt) if all or any portion of
the Senior Debt shall have been satisfied in connection with an exercise of remedies by Agent in respect of the Equity Interests
of such Debtor Obligor whether pursuant to the Guaranty and Security Agreement or otherwise.

 

Section
10.         Continuing
Agreement; Reinstatement. (a) Continuing Agreement. This Agreement is a continuing agreement of subordination and shall
continue in effect and be binding upon each Obligor until the Discharge of Senior Debt has occurred. The subordinations, agreements,
and priorities set forth herein shall remain in full force and effect regardless of whether any party hereto in the future seeks
to rescind, amend, terminate, or reform, by litigation or otherwise, its respective agreements with the other Obligor. This Agreement
shall be applicable both before and after the commencement of any Insolvency Proceeding and all converted or succeeding cases
in respect thereof. The relative rights of parties hereto in or to any distributions from or in respect of any Collateral or proceeds
of Collateral, shall continue after the commencement of any Insolvency Proceeding. Accordingly, the provisions of this Agreement
are intended to be and shall be enforceable as a subordination agreement within the meaning of Section 510 of the Bankruptcy Code.

 

(b)
Reinstatement. This Agreement shall continue to be effective or shall be reinstated (and the amount of Senior Debt shall
be reinstated), as the case may be, if, for any reason, any payment of the Senior Debt shall be rescinded or must otherwise be
restored by Agent or any other member of the Lender Group to any Loan Party or any other Person, whether as a result of an Insolvency
Event or otherwise.

 

Section
11.         Transfer
of Subordinated Debt. No Obligor may assign or transfer its rights and obligations in respect of the Subordinated Debt without
the prior written consent of Agent, and any such transferee or assignee, as a condition to acquiring an interest in the Subordinated
Debt shall agree to be bound hereby, in form reasonably satisfactory to Agent.

 

Section
12.         Obligations
of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative
rights of each Creditor Obligor against each Debtor Obligor, on the one hand, and of Agent and the other members of the Lender
Group against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each
Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay its respective obligations with respect to
the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of any Creditor
Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than Agent or the other members of the Lender
Group) of the Debtor Obligors against the Debtor Obligors, on the other hand.

 

    Exhibit I-1-6

    

    

Section
13.         Endorsement
of Obligor Documents; Further Assurances And Additional Acts. (a) Endorsement of Obligor Documents. Upon the written
request of Agent, all documents and instruments evidencing any of the Subordinated Debt, if any, shall be endorsed with a legend
noting that such documents and instruments are subject to this Agreement, and each Obligor shall promptly deliver to Agent evidence
of the same.

 

(b)
Further Assurances and Additional Acts. Each Obligor shall execute, acknowledge, deliver, file, notarize, and register
at its own expense all such further agreements, instruments, certificates, financing statements, documents, and assurances, and
perform such acts as the Required Lenders reasonably shall deem necessary or appropriate to effectuate the purposes of this Agreement,
and promptly provide Agent with evidence of the foregoing reasonably satisfactory in form and substance to the Required Lenders.

 

Section
14.         Notices.
All notices and other communications provided for hereunder shall be given in the form and manner provided in the Credit Agreement,
and, if to Agent, shall be mailed, sent, or delivered to Agent at its address as specified in the Credit Agreement and, if to
any Obligor, shall be mailed, sent or delivered in care of the Borrower in accordance with the notice provisions set forth in
Credit Agreement or, as to any party, at such other address as shall be designated by such party in a written notice to the other
party in writing.

 

Section
15.         No Waiver;
Cumulative Remedies. No failure on the part of Agent or any other member of the Lender Group to exercise, and no delay in
exercising, any right, remedy, power, or privilege hereunder or under any other Loan Document shall operate as a waiver thereof,
nor shall any single or partial exercise of any such right, remedy, power, or privilege preclude any other or further exercise
thereof or the exercise of any other right, remedy, power, or privilege. The rights and remedies under this Agreement are cumulative
and not exclusive of any rights, remedies, powers, and privileges that may otherwise be available to Agent or the other members
of the Lender Group.

 

Section
16.         Costs and
Expenses. The Obligors, jointly and severally, agree to pay to Agent promptly after demand therefor all Lender Group Expenses
in connection with this Agreement in accordance with Section 15.7 of the Credit Agreement.

 

Section
17.         Survival.
All covenants, agreements, representations and warranties made in this Agreement shall, except to the extent otherwise provided
herein, survive the execution and delivery of this Agreement, and shall continue in full force and effect until the Discharge
of Senior Debt has occurred. The foregoing to the contrary notwithstanding, the obligations of each Obligor under ‎Section
9 and ‎Section 16 shall survive the Discharge of Senior Debt.

 

Section
18.         Benefits
of Agreement. This Agreement is entered into for the sole protection and benefit of the Obligors, the Agent and the other
members of the Lender Group and their respective successors and permitted assigns and no other Person shall be a direct or indirect
beneficiary of, or shall have any direct or indirect cause of action or claim in connection with, this Agreement.

 

Section
19.         Binding
Effect. This Agreement shall be binding upon, inure to the benefit of and be enforceable by each Obligor, Agent and the other
members of the Lender Group and their respective successors and permitted assigns.

 

Section
20.         Governing
Law; Venue; Jury Trial Waiver; Judicial Reference Provision. THIS AGREEMENT SHALL BE SUBJECT TO THE PROVISIONS REGARDING CHOICE
OF LAW AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE SET FORTH IN SECTION 12 OF THE CREDIT AGREEMENT, AND SUCH PROVISIONS
ARE INCORPORATED HEREIN BY THIS

 

    Exhibit I-1-7

    

    

REFERENCE,
MUTATIS MUTANDIS.

 

Section
21.         Entire
Agreement; Amendments and Waivers; Conflicts. (a) Entire Agreement. This Agreement, together with the other Loan Documents,
constitutes the entire agreement of each of the Obligors and the Lender Group with respect to the matters set forth herein and
shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof.

 

(b)
Amendments and Waivers. No amendment to or waiver of any provision of this Agreement shall in any event be effective unless
the same shall be in writing and signed by each of the Obligors and Agent; and no waiver of any provision of this Agreement, or
consent to any departure by any Obligor from any provision hereof, shall in any event be effective unless the same shall be in
writing and signed by Agent. Any such amendment, waiver, or consent shall be effective only in the specific instance and for the
specific purpose for which given.

 

(c)
Conflicts with Subordinated Debt Documents. In case of any conflict or inconsistency between any terms of this Agreement,
on the one hand, and any documents or instruments in respect of the Subordinated Debt, on the other hand, then the terms of this
Agreement shall control.

 

(d)
Conflicts with Credit Agreement. In case of any conflict or inconsistency between any terms of this Agreement, on the one
hand, and any of the terms and provisions of the Credit Agreement, on the other hand, then the terms and provisions of the Credit
Agreement shall control.

 

Section
22.         Severability
of Provisions. Each provision of this Agreement shall be severable from every other provision of this Agreement for the purpose
of determining the legal enforceability of any specific provision.

 

Section
23.         Interpretation.
Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against any member of the Lender Group or any
Obligor, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by all parties
and shall be construed and interpreted according to the ordinary meaning of the words used so as to accomplish fairly the purposes
and intentions of all parties hereto.

 

Section
24.         Counterparts;
Telefacsimile or Other Electronic Delivery. This Agreement may be executed in any number of counterparts and by different
parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which,
when taken together, shall constitute but one and the same agreement. Delivery of an executed counterpart of this Agreement by
telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart
of this Agreement. Any party delivering an executed counterpart of this Agreement by telefacsimile or other electronic method
of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed
counterpart shall not affect the validity, enforceability, and binding effect of this Agreement.

 

Section
25.         New Subsidiaries.
Each Obligor shall cause any newly acquired or formed Subsidiary of any Loan Party that is required pursuant to Section 5.11 of
the Credit Agreement to execute a joinder to the Guaranty and Security Agreement or the Credit Agreement, within 20 days of such
acquisition or formation (or such later date as permitted by Agent in its sole discretion), as the case may be, to execute and
deliver to Agent a joinder to this Agreement in a form reasonably satisfactory to Agent. Upon the execution and delivery of such
a joinder by such Subsidiary, such Subsidiary shall become an Obligor hereunder with the same force and effect as if originally
named as an Obligor herein. The execution and delivery of any agreement or instrument adding an additional Obligor as a party
to this Agreement shall not require the consent of any other Obligor hereunder. The rights and obligations of

 

    Exhibit I-1-8

    

    

each
Obligor hereunder shall remain in full force and effect notwithstanding the addition of any new Obligor hereunder as though such
new Obligor had originally been named an Obligor hereunder on the date of this Agreement.

 

[Signature
page follows]

 

    Exhibit I-1-9

    

    

IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first written above.

 

OBLIGORS:

 

	 	[____]
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

 

    Exhibit I-1-10

    

    

AGENT:

 

	 	CANTOR FITZGERALD SECURITIES, as Agent
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

    Exhibit I-1-11

    

    

EXHIBIT
I-2

 

[FORM
OF] INTERIM DIP ORDER

 

    Exhibit I-2

    

    

IN THE
UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

 

	In re:

         

        PERNIX SLEEP, INC., et
        al.1

         

        Debtors.

         
	Chapter 11

         

        Case No. 19-10323 (CSS)

         

        Joint Administration
        Requested

        Ref No. 19

        

 

 

INTERIM
ORDER PURSUANT TO 11 U.S.C. §§ 105,

361, 362, 363, 364, AND 507 AND FED. R. BANKR. P. 2002,

4001 AND 9014 (I) AUTHORIZING THE DEBTORS TO OBTAIN

POSTPETITION FINANCING, (II) AUTHORIZING USE OF

CASH COLLATERAL, (III) GRANTING LIENS AND SUPERPRIORITY

CLAIMS, (IV) GRANTING ADEQUATE PROTECTION, (V) SCHEDULING

A FINAL HEARING, AND (VI) GRANTING RELATED RELIEF

 

Upon the motion
(the “Motion”)2 of
Pernix Therapeutics Holdings, Inc. (“Pernix”) and certain of its affiliates, as debtors and debtors in possession
in the above-captioned cases (collectively, the “Debtors”) for the entry of an interim order (this “Interim
Order”) and a final order (the “Final Order”) under sections 105, 361, 362, 363(c), 363(e), 364(c),
364(d)(1), 364(e), and 507 of title 11 of the United States Code (the “Bankruptcy Code”), and Rules 2002, 4001
and 9014 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), and Rule 4001-2 of the Local
Bankruptcy Rules for the United States Bankruptcy Court for the District of Delaware (the “Local Rules”), granting,
inter alia, the following relief:

 

____________________

		1	The Debtors in these cases,
along with the last four digits of each Debtor’s federal tax identification number, where applicable, are: Pernix Therapeutics
Holdings, Inc. (4736), Pernix Therapeutics, LLC (1128), Pernix Manufacturing, LLC (1236), Pernix Sleep, Inc. (1599), Cypress Pharmaceuticals,
Inc. (1860), Hawthorn Pharmaceuticals, Inc. (2769), Macoven Pharmaceuticals, L.L.C. (4549), Gaine, Inc. (3864), Respicopea, Inc.
(1303), Pernix Ireland Limited (3106PH), Pernix Ireland Pain Designated Activity Company (0190LH), Pernix Holdco 1, LLC, Pernix
Holdco 2, LLC, Pernix Holdco 3, LLC. The Debtors’ corporate headquarters and mailing address is 10 North Park Place, Suite
201, Morristown, NJ 07960.

 

		2	Capitalized terms used
but not defined herein shall have the meanings ascribed to them in the DIP Credit Agreement (as defined below).

 

 

     

     

    

(i)       authorizing
Pernix (the “Borrower”) to enter into that certain Senior Secured Superpriority Debtor-In-Possession Credit
Agreement (as amended, supplemented or otherwise modified from time to time, the “DIP Credit Agreement”), the
form of which is attached to the Motion as Exhibit B, among the Borrower, Cantor Fitzgerald Securities as administrative
agent (in such capacity, the “DIP Agent”), and the lenders from time to time party thereto (the “DIP
Lenders”), and for certain of the other Debtors3
(collectively, the “DIP Guarantors” and together with the Borrower, the “DIP Loan Parties”)
to guaranty the obligations of the Borrower in connection with the DIP Facility pursuant to the Guarantee and Security Agreement
(as defined below), and for the DIP Loan Parties to obtain a senior secured, priming superpriority multi-draw debtor-in-possession
term loan facility (the “DIP Facility”), which shall consist of a superpriority priming term loan facility
with an aggregate principal amount of up to $34.1 million, and such other financial accommodations, allocated as follows:

 

		(a)	Delayed Draw Loans. A
                                         delayed draw term loan facility in an aggregate principal amount of up to $20.0 million
                                         (the “Delayed Draw Commitments”) (which is inclusive of Incremental
                                         Commitments (as defined in the DIP Credit Agreement) of up to $5.0 million) with (i)
                                         $6.0 million of the Delayed Draw Commitments available to be funded in cash upon entry
                                         of this Interim Order; and (ii) the remaining $14.0 million of the Delayed Draw Commitments
                                         available following entry of the Final Order, subject in each case to the DIP Loan Parties’
                                         satisfaction of applicable draw conditions pursuant to the terms of the DIP Loan Documents
                                         (as defined below); and

 

		(b)	Refinance of the Prepetition
                                         Revolving Debt. A superpriority term loan facility in the aggregate principal amount
                                         of $14.1 million to refinance the outstanding amount of the Prepetition Revolving Debt
                                         (as defined below).

 

 

____________________

		3	Pernix Ireland Limited
(“PIL”), Pernix Ireland Pain Designated Activity Company (“PIP DAC”) and Pernix Manufacturing, LLC are
not DIP Guarantors.

 

    2

     

    

(ii)       authorizing
the Debtors to use the proceeds of the DIP Facility as provided in the DIP Loan Documents and solely in accordance with the Approved
Budget, including use of the proceeds of the DIP Facility and Cash Collateral (as defined below), to refinance and discharge the
Prepetition Revolving Debt outstanding as of the entry of this Interim Order in full, including postpetition interest and fees
through the date of repayment, which refinancing and discharge shall be indefeasible upon the occurrence of the Revolver Discharge
(as defined below);

 

(iii)       authorizing
the DIP Loan Parties to execute and enter into the DIP Loan Documents and to perform such other and further acts as may be required
in connection with the DIP Loan Documents;

 

(iv)       authorizing
the Debtors to use Cash Collateral and all other Prepetition Collateral on the terms and conditions set forth in this Interim
Order, the DIP Loan Documents, and the Intercreditor Agreement;

 

(v)       authorizing
the DIP Loan Parties to grant adequate protection to the Prepetition Secured Parties and Prepetition Agents under and in connection
with the Prepetition Financing Documents or the TSA, as applicable, and this Interim Order, including without limitation, granting
the Adequate Protection Liens (as defined below) in accordance with the relative priorities set forth herein;

 

(vi)       authorizing
the DIP Loan Parties to grant security interests, liens and superpriority claims (including a superpriority administrative claim
pursuant to section 364(c)(1) of the Bankruptcy Code, liens pursuant to sections 364(c)(2) and 364(c)(3) of the Bankruptcy Code
and priming liens pursuant to section 364(d) of the Bankruptcy Code) in favor of the DIP

 

    3

     

    

Agent, for
the benefit of itself and the DIP Lenders, to secure the repayment of all obligations of the DIP Loan Parties under the DIP Facility
and the DIP Loan Documents;

 

(vii)       authorizing
the DIP Agent, upon the occurrence of a Termination Event and following the Default Notice Period, to, inter alia, (a)
terminate the funding commitments, accelerate the amounts owing under the DIP Loan Documents and exercise other remedies set forth
thereunder, and (b) terminate the Debtors’ use of Cash Collateral in accordance with this Interim Order, the Intercreditor
Agreement, and the DIP Loan Documents;

 

(viii)       authorizing
the Debtors, subject to entry of the Final Order, to waive their right to (a) any claims to surcharge against the DIP Collateral
and the Prepetition Collateral pursuant to Bankruptcy Code section 506(c), (b) any “equities of the case” claims under
Bankruptcy Code section 552(b), and (c) the equitable doctrine of “marshaling” or any similar doctrine with respect
to the DIP Collateral and the Prepetition Collateral;

 

(ix)       authorizing
the Debtors to modify the automatic stay imposed by section 362 of the Bankruptcy Code to the extent necessary to implement and
effectuate the terms and provisions of the DIP Loan Documents, the Interim Order, and as later applicable, the Final Order;

 

(x)       authorizing
the waiver of any applicable stay (including Bankruptcy Rule 6004) and the provision of immediate effectiveness of this Interim
Order, and as later applicable, the Final Order; and

 

(xi)       scheduling
a final hearing (the “Final Hearing”) to consider entry of the Final Order; and granting related relief.

 

The Court having
found that the relief requested in the Motion is in the best interests of the Debtors’ estates, their creditors and other
parties in interest; and the Court having

 

    4

     

    

found that
the Debtors’ notice of the Motion and the opportunity for a hearing on the Motion was appropriate and no other notice need
be provided; and the Court having reviewed the Motion, the exhibits thereto, and the documents filed in support thereof and any
responses thereto, and having heard the statements in support of the relief requested therein at a hearing before the Court on
__________ __, 2019 (the “Interim Hearing”); and the Court having determined that the legal and factual bases
set forth in the Motion, the Declaration of John A. Sedor in Support of the Debtors’ Chapter 11 Petitions and First Day
Pleadings (Docket No. 3) (the “Sedor Declaration”), and the Declaration of Stuart Erickson in Support
of Motion of Debtors for Interim and Final Orders (I) Authorizing Debtors (A) to Obtain Postpetition Financing and (b) to Use
Cash Collateral, (II) Granting Adequate Protection to Certain Prepetition Secured Parties, (III) Scheduling a Final Hearing and
(IV) Granting Related Relief, attached as Exhibit A to the Motion (the “Erickson Declaration”),
and at the Interim Hearing establish just cause for the relief granted herein; and upon all of the proceedings had before the
Court; and after due deliberation and sufficient cause appearing therefor, it is HEREBY FOUND AND CONCLUDED THAT:

 

A.               
Disposition. The Motion is granted on an interim basis in accordance with the terms of this Interim Order. Any objections
to the Motion with respect to the entry of the Interim Order that have not been withdrawn, waived or settled are hereby denied
and overruled on their merits.

 

B.                
Commencement of Cases. On February 18, 2019 (the “Petition Date”), the Debtors filed with this
Court voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. The Debtors are in possession of their properties
and are continuing to operate their businesses as debtors and debtors in possession under sections 1107 and 1108 of the Bankruptcy

 

    5

     

    

Code. No official
committee of unsecured creditors (a “Committee”) has been appointed in the above-captioned cases (the “Chapter
11 Cases”).

 

C.                
Jurisdiction and Venue. This Court has jurisdiction over the Chapter 11 Cases and the Motion pursuant to 28 U.S.C.
§§ 157(b) and 1334, and the Amended Standing Order of Reference from the United States District Court for the District
of Delaware dated as of February 29, 2012. Consideration of the Motion constitutes a core proceeding pursuant to 28 U.S.C.
§ 157(b)(2). The Court may enter a final order consistent with Article III of the United States Constitution. Venue of the
Chapter 11 Cases in this District is proper pursuant to 28 U.S.C. §§ 1408 and 1409. The predicates for the relief sought
herein are Bankruptcy Code sections 105, 361, 362, 363(c), 363(e), 364(c), 364(d)(1), 364(e), and 507, Bankruptcy Rules 2002,
4001 and 9014, and Local Rule 4001-2.

 

D.               
Adequate Notice. On the Petition Date, the Debtors filed the Motion with this Court pursuant to Bankruptcy Rules
2002, 4001 and 9014, and provided notice of the Motion and the Interim Hearing by electronic mail, facsimile, hand delivery or
overnight delivery to the following parties or, in lieu thereof, their counsel, if known: (a) the Office of the United States
Trustee for the District of Delaware (the “U.S. Trustee”), (b) each of the Debtors’ thirty (30) largest
unsecured creditors on a consolidated basis; (c) the Prepetition Treximet Notes Trustee; (d) Highbridge (as defined in the Sedor
Declaration); (e) all parties asserting a security interest in the DIP Collateral to the extent any such interest is known to
the Debtors; (f) Nalpropion Pharmaceuticals, Inc. (“Nalpropion”) and (g) all parties requesting service in
these Chapter 11 Cases pursuant to Bankruptcy Rule 2002 (collectively, the “Notice Parties”). Given the nature
of the relief sought in the Motion, this Court concludes that the foregoing notice was sufficient and adequate under the circumstances
and complies with the Bankruptcy Code, the Bankruptcy

 

    6

     

    

Rules, the
Local Rules and any other applicable law, and no further notice relating to this proceeding and the hearing on this Motion is
necessary or required.

 

E.                
Debtors’ Stipulations. Subject to the rights of any Committee or other parties-in-interest as and to the extent
set forth in paragraph ‎33 below, the Debtors acknowledge, admit, represent, stipulate and agree that:

 

(i)                
Prepetition Term Facility. Pursuant to that certain Credit Agreement, dated as of July 21, 2017 (as the same has
been amended, amended and restated, supplemented, modified, extended, renewed, restated and/or replaced at any time prior to the
Petition Date, the “Prepetition Term Credit Agreement”), by and among, PIP DAC, as borrower, the lenders party
thereto (the “Prepetition Term Lenders”), Cantor Fitzgerald Securities as the administrative agent (in such
capacity, the “Prepetition Term Agent”), the Prepetition Term Lenders made loans pursuant to the Prepetition Term
Credit Agreement to PIP DAC, and otherwise extended credit to PIP DAC. As of the Petition Date, PIP DAC was justly and lawfully
indebted and liable to the Prepetition Term Lenders, without defense, counterclaim, recoupment or offset of any kind, in the aggregate
principal amount of not less than approximately $39.2 million, plus an additional $1.1 million of accrued pay-in-kind interest,
under and in connection with, the Prepetition Term Credit Agreement, including all other agreements, documents and instruments
executed and/or delivered with, to or in favor of the Prepetition Term Lenders, including, without limitation, all security agreements,
notes, guarantees, mortgages, Uniform Commercial Code financing statements, documents and instruments, including any fee letters,
executed and/or delivered in connection therewith or related thereto (all the foregoing, together with the Prepetition Term Credit
Agreement, the “Prepetition Term Financing Documents”). All obligations arising under

 

    7

     

    

the Prepetition
Term Financing Documents shall hereinafter be referred to as the “Prepetition Term Obligations.”

 

(ii)             
Prepetition Term Liens. Pursuant to the Prepetition Term Financing Documents, PIP DAC granted to the Prepetition
Term Agent for the benefit of the Prepetition Term Lenders to secure the Prepetition Term Obligations, a first-priority security
interest in and continuing lien (the “Prepetition Term Liens”) on all Collateral (as defined in the Prepetition
Term Credit Agreement) (the “Prepetition Term Collateral”), subject to Permitted Liens (as defined in the Prepetition
Term Credit Agreement).

 

(iii)           
Validity of Prepetition Term Liens. The Prepetition Term Liens (a) constitute valid, binding, enforceable, nonavoidable,
properly perfected, first-priority liens on the Prepetition Term Collateral, that are senior in priority (except for any senior
Permitted Liens, as defined in and to the extent expressly permitted under the Prepetition Term Credit Agreement) over any and
all other liens on the Prepetition Term Collateral; and (b) are not subject to avoidance, reductions, recharacterization, set-off,
subordination (whether equitable, contractual or otherwise), counterclaims, cross-claims, defenses or any other challenges under
the Bankruptcy Code or any other applicable law or regulation.

 

(iv)            
Prepetition Treximet Notes. Pursuant to that certain Indenture, dated as of August 19, 2014 (as amended, restated,
supplemented or otherwise modified from time to time, the “Prepetition Treximet Notes Indenture”), among Pernix,
as Issuer, each other Debtor other than PIP DAC, as guarantors (together with the Issuer, the “Prepetition Treximet Notes
Parties”), and U.S. Bank National Association, as Trustee and Collateral Trustee (the “Prepetition Treximet
Notes Trustee”), Pernix issued 12% senior secured notes (the “Prepetition Treximet Notes” and the
holders of the Prepetition Treximet Notes, the “Prepetition Treximet 

 

    8

     

    

Noteholders”).
As of the Petition Date, the Prepetition Treximet Notes Parties are justly and lawfully indebted and liable, without defense,
counterclaim, recoupment or offset of any kind, in the aggregate principal amount of not less than approximately $154 million
of the Prepetition Treximet Notes, under and in connection with the Prepetition Treximet Notes Indenture, including all other
agreements, documents and instruments executed and/or delivered with, including, without limitation, all security agreements,
notes, guarantees, mortgages, Uniform Commercial Code financing statements, documents and instruments, including any fee letters,
executed and/or delivered in connection therewith or related thereto (all the foregoing, together with the Prepetition Treximet
Notes Indenture, the “Prepetition Treximet Notes Financing Documents”). All obligations arising under the Prepetition
Treximet Notes Financing Documents shall hereinafter be referred to as the “Prepetition Treximet Notes Obligations”.

 

(v)              
Prepetition Treximet Notes Liens. Pursuant to the Prepetition Treximet Notes Financing Documents, PIL granted to
the Prepetition Treximet Notes Trustee to secure the Prepetition Treximet Notes Obligations, a continuing first-priority security
interest (the “Prepetition Treximet Notes Liens”) in substantially all of the assets of PIL related to Treximet
other than the ABL Collateral (as defined in the Prepetition Treximet Notes Indenture) (the “Prepetition Treximet Notes
Collateral”), subject to Permitted Liens (as defined in the Prepetition Treximet Notes Indenture).

 

(vi)            
Validity of Prepetition Treximet Notes Liens. The Prepetition Treximet Notes Liens (a) constitute valid, binding,
enforceable, nonavoidable, properly perfected, first-priority liens in the Prepetition Treximet Notes Collateral for the benefit
of the Prepetition Treximet Noteholders; and (b) are not subject to avoidance, reductions, recharacterization, set-off, subordination
(whether equitable, contractual or otherwise), counterclaims, cross-claims,

 

    9

     

    

defenses or
any other challenges under the Bankruptcy Code or any other applicable law or regulation.

 

(vii)         
Prepetition Revolving Facility. Pursuant to that certain Credit Agreement, dated as of July 21, 2017 (as the same
has been amended, amended and restated, supplemented, modified, extended, renewed, restated and/or replaced at any time prior
to the Petition Date, the “Prepetition Revolving Credit Agreement”), by and among Pernix and certain of its
affiliates (collectively, “Prepetition Revolving Borrowers”), certain subsidiary guarantors (together with
the Prepetition Revolving Borrowers, the “Prepetition Revolving Credit Parties”), the lenders thereto (the
“Prepetition Revolving Lenders”), and Cantor Fitzgerald Securities as the administrative agent (in such capacity,
the “Prepetition Revolving Agent,” and together with the Prepetition Term Agent, the “Prepetition
Agents”), the Prepetition Revolving Lenders agreed to extend a revolving asset-based credit facility (the “Prepetition
Revolving Facility”) to the Prepetition Revolving Borrowers from time to time, including, inter alia, the Prepetition
Revolving Obligations in an aggregate principal committed amount of up to $40 million. As of the Petition Date, the Prepetition
Revolving Credit Parties are truly and justly indebted to the Prepetition Revolving Lenders, without defense, counterclaim, recoupment
or offset of any kind, in the aggregate principal amount of not less than approximately $14.1 million (the “Prepetition
Revolving Debt”), under and in connection with, the Prepetition Revolving Credit Agreement, including all other agreements,
documents and instruments executed and/or delivered with, to or in favor of the Prepetition Revolving Lenders, including, without
limitation, all security agreements, notes, guarantees, mortgages, Uniform Commercial Code financing statements, documents and
instruments, including any fee letters, executed and/or delivered in connection therewith or related thereto (all the foregoing,
together with Prepetition Revolving Credit

 

    10

     

    

Agreement,
the “Prepetition Revolving Financing Documents”). All obligations arising under the Prepetition Revolving Financing
Documents shall hereinafter be referred to as the “Prepetition Revolving Obligations.”

 

(viii)       
Prepetition Revolving Liens. Pursuant to the Prepetition Revolving Financing Documents, the Prepetition Revolving
Borrowers granted to the Prepetition Agent for the benefit of the Prepetition Revolving Lenders to secure the Prepetition Revolving
Obligations, a first-priority security interest in and continuing lien (the “Prepetition Revolving Liens”)
on all Collateral (as defined in the Prepetition Revolving Credit Agreement) (the “Prepetition Revolving Collateral”).

 

(ix)            
Validity of Prepetition Revolving Liens. The Prepetition Revolving Liens (a) constitute valid, binding, enforceable,
nonavoidable, properly perfected, first-priority liens on the Prepetition Revolving Collateral, that prior to entry of this Interim
Order, were senior in priority (except for any senior Permitted Liens, as defined in and to the extent expressly permitted under
the Prepetition Revolving Credit Agreement) over any and all other liens on the Prepetition Revolving Collateral; and (b) are
not subject to avoidance, reductions, recharacterization, set-off, subordination (whether equitable, contractual or otherwise),
counterclaims, cross-claims, defenses or any other challenges under the Bankruptcy Code or any other applicable law or regulation.

 

(x)              
Prepetition Nalpropion Second Liens. Pursuant to that Transitional Distribution Services Agreement, dated January
6, 2019 (as the same has been amended, amended and restated, supplemented, modified, extended, renewed, restated and/or replaced
at any time prior to the Petition Date, the “TSA”), between Pernix Therapeutics, LLC (“Pernix Therapeutics”)
and Nalpropion, Pernix Therapeutics granted to Nalpropion to secure the

 

    11

     

    

complete and
prompt payment and performance of all the Secured Obligations (as defined in the TSA, the “Nalpropion Secured Obligations”),
a second-priority security interest in and continuing lien (the “Prepetition Nalpropion Liens,” and together
with the Prepetition Term Liens and Prepetition Revolving Liens, the “Prepetition Liens”) on certain assets
relating to the pharmaceutical assets and proceeds thereof that are subject to the TSA (such assets granted or pledged as “Collateral”
pursuant to the TSA, the “Nalpropion Collateral” and together with the Prepetition Revolving Collateral and
Prepetition Term Collateral, the “Prepetition Collateral”). All obligations arising under the Prepetition Revolving
Financing Documents, Prepetition Term Financing Documents, and the TSA (collectively, the “Prepetition Financing Documents”)
shall hereinafter be referred to as the “Prepetition Obligations.”

 

(xi)            
Validity of Prepetition Nalpropion Liens. The Prepetition Nalpropion Liens (a) constitute valid, binding, enforceable,
nonavoidable, properly perfected, second-priority liens in the Nalpropion Collateral; and (b) are not subject to avoidance, reductions,
recharacterization, set-off, subordination (whether equitable, contractual or otherwise), counterclaims, cross-claims, defenses
or any other challenges under the Bankruptcy Code or any other applicable law or regulation.

 

(xii)         
Intercreditor Agreement. The Prepetition Revolving Agent and Nalpropion are parties to that certain Intercreditor
Agreement, dated January 6, 2019 (as the same may be amended, restated, supplemented, waived and/or otherwise modified from time
to time in accordance with the terms thereof, the “Intercreditor Agreement”), which governs the respective
rights, obligations and priorities of the Prepetition Revolving Lenders and Nalpropion with respect to certain Prepetition Collateral.
The DIP Loan Parties have acknowledged and

 

    12

     

    

agreed to be
bound by the terms of the Intercreditor Agreement, which is binding and enforceable against the DIP Loan Parties.

 

(xiii)       
No Claims. The Debtors have no valid claims (as such term is defined in Bankruptcy Code section 101(5)) or causes
of action against, or with respect to, the Prepetition Revolving Lenders, Prepetition Term Lenders, Nalpropion (collectively,
with the Prepetition Revolving Lenders and the Prepetition Term Lenders, the “Prepetition Secured Parties”),
the Prepetition Agents, the Prepetition Treximet Notes Trustee or the Prepetition Treximet Noteholders under any agreements by
and among the Debtors and any party that is in existence as of the Petition Date, including without limitation, any challenge,
recharacterization, subordination, avoidance or other claims arising under or pursuant to Bankruptcy Code sections 105, 510, 541
or 542 through 553, other than any claim that constitutes a right to payment arising pursuant to and in accordance with the terms
of the Services Agreement (as defined in the Sedor Declaration) or the TSA. As of the date hereof, the net balance of such claims
due and owing to the Debtors by Nalpropion under the Services Agreement or the TSA is equal to $0.

 

(xiv)        
Indemnity. The Debtors shall indemnify and hold harmless the DIP Agent, the DIP Lenders and each other Indemnified
Person (as defined in the DIP Credit Agreement) in accordance with the terms and conditions of the DIP Credit Agreement.

 

(xv)          
Release. The Debtors hereby stipulate and agree that they forever and irrevocably release, discharge and acquit
the DIP Agent, Prepetition Agents, Prepetition Treximet Notes Trustee, all former, current and future Prepetition Secured Parties,
Prepetition Treximet Noteholders and DIP Lenders, in each case in their capacities as such, and each of their respective successors,
assigns, affiliates, subsidiaries, parents, officers, shareholders, directors, employees, attorneys and agents, past, present
and future, and their respective heirs,

 

    13

     

    

predecessors,
successors and assigns (collectively, the “Releasees”) of and from any and all claims, controversies, disputes,
liabilities, obligations, demands, damages, expenses (including, without limitation, reasonable attorneys’ fees), debts,
liens, actions and causes of action of any and every nature whatsoever, in each case arising prior to the date hereof, and relating
to, as applicable, the DIP Facility, the DIP Loan Documents, Prepetition Financing Documents, the Prepetition Treximet Notes Financing
Documents and/or the transactions contemplated thereunder including, without limitation, (x) any so-called “lender liability”
or equitable subordination claims or defenses, (y) any and all claims and causes of action arising under the Bankruptcy Code,
and (z) any and all claims and causes of action with respect to the validity, priority, perfection or avoidability of the liens
or claims of the Prepetition Secured Parties, Prepetition Agents, Prepetition Treximet Noteholders, Prepetition Treximet Notes
Trustee, DIP Agent and the DIP Lenders. The Debtors further waive and release any defense, right of counterclaim, right of set-off
or deduction to the payment of Prepetition Secured Parties, Prepetition Treximet Noteholders and the DIP Lenders which the Debtors
now have or may claim to have against the Releasees, arising out of, connected with or relating to any and all acts, omissions
or events occurring prior to this Court entering this Interim Order. Notwithstanding the foregoing, nothing in this Interim Order
shall release or otherwise affect Nalpropion’s contractual payment obligations to the Debtors arising pursuant to and in
accordance with the terms of the Services Agreement or the TSA.

 

(xvi)        
Limitation of Liability. None of the Prepetition Secured Parties, Prepetition Agents, Prepetition Treximet Notes
Trustee, Prepetition Treximet Noteholders, DIP Agent, or the DIP Lenders are control persons or insiders of the Debtors or any
of their affiliates by virtue of any of the actions taken with respect to, in connection with, related to, or arising

 

    14

     

    

from the DIP
Facility, the DIP Loan Documents, the Prepetition Financing Documents and/or the Prepetition Treximet Notes Financing Documents.
The DIP Lenders shall not, by virtue of making the DIP Loans, be deemed to be in control of the operations of Debtors, to owe
any fiduciary duty to the Debtors, their respective creditors, shareholders, or estates or to be acting as a “responsible
person” or managing agent with respect to the operation or management of the Debtors.

 

(xvii)     
Any payment or obligation requested to be made by the Debtors in connection with the First Day Motions (as defined in the
Sedor Declaration) is expressly provided for in the Approved Budget (as defined below).

 

F.                 
Cash Collateral. For purposes of this Interim Order, the term “Cash Collateral” shall mean and
include all “cash collateral” as defined in Bankruptcy Code section 363, in which the Prepetition Secured Parties
have a lien or security interest, in each case whether existing on the Petition Date, arising pursuant to this Interim Order or
any Final Order, or otherwise. The Debtors represent and stipulate that all of the cash, cash equivalents, negotiable instruments,
investment property, and securities of the Prepetition Revolving Borrowers constitute Cash Collateral.

 

G.               
Use of DIP Facility and Cash Collateral. The Debtors have an immediate and critical need to use proceeds of the
DIP Facility and Cash Collateral to, among other things, continue to operate their business in an orderly manner, maintain business
relationships with vendors, fund the Debtors’ marketing and sale process, and to satisfy other working capital and operational
needs. Without the use of proceeds of the DIP Facility and Cash Collateral, the Debtors will have insufficient liquidity to conduct
a successful sale process and otherwise preserve and maximize the value of the Debtors’ estates. The adequate protection
provided

 

    15

     

    

herein and
other benefits and privileges contained herein are consistent with and authorized by the Bankruptcy Code and are necessary in
order to obtain such consent and to adequately protect the parties’ interests in the Prepetition Collateral. Absent authorization
to immediately use proceeds of the DIP Facility and Cash Collateral, the Debtors’ estates and their creditors would suffer
immediate and irreparable harm.

 

H.               
Other Financing Unavailable. As discussed in the Erickson Declaration, the Debtors are unable to obtain (i) adequate
unsecured credit allowable either (a) under sections 364(b) and 503(b)(1) of the Bankruptcy Code or (b) under section 364(c)(1)
of the Bankruptcy Code; (ii) adequate credit secured by (x) a senior lien on unencumbered assets of their estates under section
364(c)(2) of the Bankruptcy Code or (y) a junior lien on encumbered assets of their estates under section 364(c)(3) of the Bankruptcy
Code; or (iii) secured credit under section 364(d)(1) of the Bankruptcy Code on terms more favorable than the terms of the DIP
Facility. The Debtors require financing under the DIP Facility and the continued use of Cash Collateral under the terms of this
Interim Order to satisfy their post-petition liquidity needs.

 

I.                   
Best Financing Presently Available. The DIP Agent and the DIP Lenders have agreed to provide the Debtors with financing
solely on the terms and conditions set forth in this Interim Order (and, subject to entry by the Court, the Final Order) and the
other DIP Loan Documents. After considering all of their alternatives, the Debtors have concluded, in an exercise of their sound
business judgment, that the financing to be provided by the DIP Lenders pursuant to the terms of this Interim Order (and, subject
to entry by the Court, the Final Order) and the other DIP Loan Documents, represents the best financing presently available to
the Debtors.

 

J.                  
Good Cause for Immediate Entry. Good cause has been shown for immediate entry of this Interim Order pursuant to
Bankruptcy Rules 4001(b)(2) and (c)(2) and Local Rule

 

    16

     

    

4001-2. In
particular, the authorization granted herein for the Debtors to enter into the DIP Facility, to continue using Cash Collateral
and to obtain interim financing, including on a priming lien basis, is necessary to avoid immediate and irreparable harm to the
Debtors and their estates. Entry of this Interim Order is in the best interest of the Debtors, their estates and creditors. The
extensions of credit under the DIP Facility (including the Debtors’ continued use of Cash Collateral) are fair and reasonable
under the circumstances, reflect the Debtors’ exercise of prudent business judgment consistent with their fiduciary duties,
and are supported by reasonably equivalent value and fair consideration.

 

K.               
Good Faith and Arm’s Length Negotiation. The DIP Lenders are good faith financiers. The Debtors, DIP Agent,
and DIP Lenders have negotiated the terms and conditions of the DIP Facility and this Interim Order in good faith and at arm’s
length, and any credit extended and loans made to the DIP Loan Parties pursuant to this Interim Order shall be, and hereby are,
deemed to have been extended, issued or made, as the case may be, in “good faith” within the meaning of section 364(e)
of the Bankruptcy Code.

 

L.                
Application of Proceeds of the DIP Collateral. Subject to and effective upon entry of the Final Order, and notwithstanding
anything to the contrary herein, the Debtors shall apply the cash proceeds from any sale of the DIP Collateral outside of the
ordinary course of business to repay the then-outstanding amount of the DIP Obligations, with interest being paid first followed
by principal, and any remaining proceeds in accordance with this Interim Order and the DIP Loan Documents.

 

M.              
Adequate Protection for the Prepetition Secured Parties. The Prepetition Secured Parties and Prepetition Agents
have negotiated and acted in good faith regarding the DIP Facility and the Debtors use of Cash Collateral to fund the administration
of the Debtors’ estates and

 

    17

     

    

continued operation
of their businesses. The Prepetition Secured Parties have agreed to permit the Debtors to use the Prepetition Collateral, including
the Cash Collateral, in accordance with the terms hereof, the Approved Budget subject to Permitted Variances (each as defined
below), and the Intercreditor Agreement. The Prepetition Secured Parties are entitled to the adequate protection provided in this
Interim Order as and to the extent set forth herein pursuant to Bankruptcy Code sections 361, 362 and 363. Based on the Motion
and on the record presented to the Court at the Interim Hearing, the terms of the proposed adequate protection arrangements and
of the use of the Prepetition Collateral (including the Cash Collateral) are fair and reasonable, reflect the Debtors’ prudent
exercise of business judgment and constitute reasonably equivalent value and fair consideration for the consent thereto of the
Prepetition Collateral (including the Cash Collateral); provided, that nothing in this Interim Order or the other DIP Loan
Documents shall (x) be construed as a consent by the Prepetition Secured Parties (or their respective agents) that they would
be adequately protected in the event debtor-in-possession financing is provided by a third party (i.e., other than the DIP Lenders)
or a consent to the terms of any other such financing or any lien encumbering the DIP Collateral (whether senior or junior) or
to the use of Cash Collateral except as provided in this Interim Order and the DIP Loan Documents, or (y) prejudice, limit or
otherwise impair the rights of the Prepetition Secured Parties to seek new, different or additional adequate protection in the
event circumstances change after the date hereof (subject to the Intercreditor Agreement).

 

N.               
Sections 506(c) and 552(b). In light of the Prepetition Secured Parties agreement to subordinate their liens and
claims to the Carve-Out, the DIP Liens, and the Adequate Protection Liens, to permit the use of the DIP Facility and Cash Collateral
for payments made in accordance with the Approved Budget and the terms of this Interim Order, subject to entry of a

 

    18

     

    

Final Order,
the Prepetition Secured Parties are entitled to a waiver of (a) the provisions of Bankruptcy Code section 506(c), and (b) any
“equities of the case” claims under Bankruptcy Code section 552(b).

 

O.               
Order of the Court. Based upon the foregoing findings, acknowledgements, and conclusions, and upon the record made
before this Court at the Interim Hearing, and good and sufficient cause appearing therefor:

 

IT IS HEREBY FOUND, DETERMINED,
ORDERED, ADJUDGED AND DECREED THAT:

 

1.                 
Motion Granted. The Motion is granted on an interim basis, subject to the terms set forth herein. Any objections
to the Motion with respect to the entry of the Interim Order that have not previously been withdrawn or resolved are hereby denied
and overruled on their merits. This Interim Order shall be valid, binding on all parties in interest, and fully effective immediately
upon entry notwithstanding the possible application of Bankruptcy Rules 6004(h), 7062 and 9014.

 

2.                 
Authority to Enter Into the DIP Loan Documents. The DIP Loan Parties are hereby authorized to incur and perform
the obligations arising from and after the date of this Interim Order under the DIP Facility, on the terms set forth in this Interim
Order and the DIP Credit Agreement, and such additional documents, instruments and agreements as may be reasonably required by
the DIP Agent to implement the terms or effectuate the purposes of and transactions contemplated by this Interim Order, the Final
Order (when entered by the Court) and the DIP Credit Agreement (collectively, this Interim Order, the Final Order, the Approved
Budget, the DIP Credit Agreement, the Guarantee and Security Agreement (as defined in the DIP Credit Agreement) and such other
additional documents, instruments and agreements, including

 

    19

     

    

any fee letters,
the “DIP Loan Documents”). Subject to paragraph ‎20
of this Interim Order, the DIP Loan Parties are hereby authorized to borrow money under the applicable DIP Loan Documents, on
an interim basis, and perform all other obligations thereunder, provided that until the entry of the Final Order, the DIP Loan
Parties are only authorized to borrow an aggregate principal amount of up to $20.1 million, comprised of (i) $6.0 million in Delayed
Draw Commitments, and (ii) $14.1 million to refinance the outstanding amounts owed under the Prepetition Revolving Facility. In
furtherance of the forgoing and without further approval of the Court, each Debtor is authorized to perform all acts, to make,
execute and deliver all instruments and documents (including, without limitation, the execution and delivery of security agreements,
mortgages and financing statements), and to pay all fees that may be reasonably required or necessary for the DIP Loan Parties’
performance of their obligations under or related to the DIP Facility.

 

3.                 
Refinancing of Prepetition Revolving Facility. Subject to the rights of any Committee or other parties-in-interest
as and to the extent set forth in paragraph ‎33 below, the
Debtors are hereby authorized to use proceeds of the DIP Facility and Cash Collateral to pay in full the Prepetition Revolving
Debt. The Prepetition Revolving Liens shall be automatically released and terminated upon the Revolver Discharge.4
Until then, subject to the terms and conditions contained in this Interim Order (including, without limitation, the DIP Liens
(as defined below) granted hereunder and the Carve-Out (as defined below)), any and all prepetition

 

____________________ 

		4	“Revolver Discharge”
means the indefeasible refinancing of the Prepetition Revolving Debt in full, including postpetition interest and fees through
the date of repayment (at the non-default contract rate), which shall be deemed to have occurred if no adversary proceeding or
contested matter is timely and properly asserted in accordance with this Interim Order with respect to the Prepetition Revolving
Debt or against the Prepetition Revolving Agent or the Prepetition Revolving Lenders, or if an adversary proceeding or contested
matter is timely and properly asserted, upon the final disposition of such adversary proceeding or contested matter in favor of
the Prepetition Revolving Lenders by order of a court of competent jurisdiction; provided that all amounts of interest
outstanding as of the Petition Date shall be waived by the Prepetition Revolving Lenders.

 

    20

     

    

or postpetition
liens and security interests (including, without limitation, any adequate protection replacement liens at any time granted to
the Prepetition Revolving Lenders by this Court) that the Prepetition Revolving Lenders have or may have in the Prepetition Revolving
Collateral shall, subject to paragraph ‎33 of this Interim
Order, (a) continue to secure the unpaid portion of the Prepetition Revolving Facility (including, without limitation, any Prepetition
Revolving Obligations subsequently reinstated after the repayment thereof because such payment (or any portion thereof) is required
to be returned or repaid, and the liens securing the Prepetition Revolving Facility shall not have been avoided) and (b) be junior
and subordinate in all respects to the Carve-Out and the DIP Liens (such junior liens and security interests of the Prepetition
Revolving Lenders, other than the Prepetition Revolving Adequate Protection Liens, are hereinafter referred to as the “Contingent
Revolving Liens,” and any such reinstated Prepetition Revolving Debt described in clause (a) of this paragraph is hereinafter
referred to as the “Contingent Prepetition Revolving Debt”).

 

4.                 
Use of Cash Collateral and DIP Loans. The Debtors are hereby authorized to use Cash Collateral and the proceeds
of any DIP Loans (as defined below) solely in accordance with the Approved Budget, this Interim Order, the DIP Loan Documents,
and the Intercreditor Agreement.

 

5.                 
Validity of DIP Loan Documents. The DIP Loan Documents shall constitute valid and binding obligations of the DIP
Loan Parties, enforceable against each DIP Loan Party thereto in accordance with the terms thereof. No obligation, payment, transfer
or grant of security under the DIP Loan Documents as approved under this Interim Order shall be stayed, restrained, voided, voidable
or recoverable under the Bankruptcy Code or under any applicable non-bankruptcy law, or subject to any defense, reduction, setoff,
recoupment or counterclaim.

 

    21

     

    

6.                 
DIP Loans. All loans made to or for the benefit of any of the DIP Loan Parties on or after the Petition Date in
accordance with the DIP Loan Documents (collectively, the “DIP Loans”), (a) shall be evidenced by the books
and records of the DIP Agent or the DIP Lenders and, upon the request of any DIP Lender, a note executed and delivered to such
DIP Lender by the Borrower in accordance with the terms of the DIP Loan Documents, which note shall evidence such DIP Lender’s
DIP Loans in addition to such accounts and records; (b) shall bear interest payable and incur fees at the rates set forth in the
DIP Credit Agreement; (c) shall be secured in the manner specified below; (d) shall be payable in accordance with the DIP Loan
Documents; and (e) shall otherwise be governed by the terms set forth in this Interim Order and the other DIP Loan Documents.
All interest thereon and all fees, costs, expenses, indemnification obligations and other liabilities owing by the DIP Loan Parties
to the DIP Lenders or the DIP Agent in accordance with and relating to this Interim Order and the other DIP Loan Documents shall
hereinafter be referred to as the “DIP Obligations.”

 

7.                 
Conditions Precedent. The DIP Lenders and the DIP Agent shall have no obligation to make any DIP Loans or any other
financial accommodation under the DIP Loan Documents unless the conditions precedent to make such extensions of credit under the
DIP Loan Documents have been satisfied in full or waived in accordance with such DIP Loan Documents.

 

8.                 
Approved Budget.

 

(a)              
The budget attached hereto as Exhibit 1 is hereby approved. Proceeds of the DIP Loans and Cash Collateral under
this Interim Order shall be used by the Debtors only in

 

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accordance
with the Approved Budget5 and this Interim Order, subject to any Permitted Variances. Subject to the Carve-Out, the
DIP Lenders’ consent to the Approved Budget shall not be construed as consent to the use of DIP Loans or Cash Collateral
beyond the occurrence of a Termination Event (as defined below), regardless of whether the aggregate funds shown on the Approved
Budget have been expended.

 

(b)              
Subject to paragraph ‎32 of this Interim Order, upon
the written consent of the DIP Lenders and the Debtors, and without further order of the Court, the Approved Budget may be amended
from time to time. The Debtors shall provide a copy of any so amended revised budget to the U.S. Trustee and counsel to the Committee,
if any.

 

9.                 
Permitted Variance.

 

(a)              
Compliance with the Approved Budget shall be tested on a cumulative basis, beginning the fourth week after the Petition
Date and each subsequent week thereafter. For each Budget Test Period6, the Borrower will not permit:

 

(i)                
the actual aggregate amount of net receipts collected to be less than 80% of the aggregate budgeted amount of net receipts
set forth in the Approved Budget for such Budget Test Period (“Net Receipt Permitted Variance”); provided
that the Required Lenders (as defined in the DIP Credit Agreement) may authorize the Borrower in writing to exceed the Net
Receipt Permitted Variance for any Budget Test Period; or

 

____________________

		5	“Approved Budget”
means (i) the initial budget projecting operations for the ensuing thirteen (13) week period, including cash flow, forecasts of
receipts, and disbursements, attached hereto as Exhibit 1, and (ii) each subsequent thirteen (13) week cash flow forecast
of receipts and disbursements (in substantially the same format as the prior monthly cash flow forecast of receipts and disbursements)
submitted by the Borrower to the DIP Lenders no less frequently than once every four (4) weeks commencing on the Thursday of the
fourth (4th) week following the Petition Date.

 

		6	“Budget Test Period”
means the period, commencing on the Monday of the first week following the Petition Date, during which the Borrower’s compliance
with each Approved Budget shall be tested in accordance with the terms of this Interim Order or the Final Order.

 

 

    23

     

    

(ii)             
the actual aggregate amount of disbursements to be more than 120% of the aggregate budgeted amount of disbursements for
such Budget Test Period set forth in the Approved Budget (excluding the fees and expenses of the DIP Lenders that are required
to be reimbursed under the other provisions of this Agreement) (“Disbursements Permitted Variance” and together
with the Net Receipt Permitted Variance, the “Permitted Variances”); provided that the Required Lenders
(as defined in the DIP Credit Agreement) may authorize the Borrower in writing to exceed the Disbursements Permitted Variance
for any Budget Test Period.

 

(b)              
The Borrower shall deliver a Budget Reconciliation (as defined below) to the DIP Lenders in accordance with the terms of
paragraph ‎45. In addition, the Borrower shall notify the
DIP Lenders in writing as soon as reasonably practicable if the Borrower anticipates that it will violate the Net Receipt Permitted
Variance or the Disbursements Permitted Variance for any Budget Test Period.

 

(c)              
In the event that the Borrower projected a disbursement in the budget which is instead taken as a deduction to receipts,
or vice versa, the Borrower will be permitted to apply the actual results to the category it was originally projected for budget
testing purposes.

 

10.             
Continuation of Prepetition Liens. Until (a) the Debtors have indefeasibly paid in full and in cash all DIP Obligations,
all Prepetition Obligations and all Prepetition Treximet Notes Obligations, (b) the DIP Lenders’ obligations under the DIP
Facility have terminated, (c) all objections and challenges to (i) the liens and security interests of the Prepetition Secured
Parties (including, without limitation, liens granted for adequate protection purposes) and the Prepetition Treximet Noteholders,
and (ii) the Prepetition Obligations and Prepetition Treximet Notes Obligations, have been waived, denied or barred, and (d) all
of the Debtors’ stipulations contained in this Interim Order have become binding upon their estates and parties in interest
in

 

    24

     

    

accordance
with paragraph ‎33 below, all liens and security interests
of the Prepetition Secured Parties (including, without limitation, liens granted for adequate protection purposes) and the Prepetition
Treximet Noteholders shall remain valid and enforceable with the same continuing priority as described herein; provided,
that this paragraph shall not apply to any liens or security interests of the Prepetition Secured Parties or the .Prepetition
Treximet Noteholders to the extent any such liens are successfully challenged in accordance with paragraph ‎33
below; provided, further, that all Prepetition Revolving Liens and Contingent Revolving Liens shall be indefeasibly
released upon the Revolver Discharge.

 

11.             
DIP Liens and Collateral. Effective immediately upon entry of this Interim Order, pursuant to sections 364(c)(2),
364(c)(3) and 364(d) of the Bankruptcy Code, and without the necessity of the execution by the DIP Loan Parties (or recordation
or other filing or notice) of security agreements, control agreements, pledge agreements, copyright security agreements, trademark
security agreements, patent security agreements, financing statements, mortgages, schedules or other similar documents, or the
possession or control by the DIP Agent or any other DIP Lenders of any DIP Collateral, the DIP Agent is hereby granted, as collateral
agent for the DIP Lenders, continuing valid, binding, enforceable, non-avoidable, priming and automatically and properly perfected,
nunc pro tunc to the Petition Date, post-petition security interests in and liens (the “DIP Liens”)
on any and all owned and hereafter acquired assets and real and personal property of the DIP Loan Parties (the “DIP Collateral”),
including, without limitation, the following: (a) all Prepetition Revolving Collateral; (b) all Nalpropion Collateral; (c) all
money, accounts, chattel paper, deposit accounts, documents, equipment, contract rights, general intangibles, payment intangibles,
instruments, inventory, patents, trademarks, copyrights, and licenses therefor, letter-of-credit rights, and investment property
and support obligations; (d)

 

    25

     

    

commercial
tort claims; (e) all books and records pertaining to the other property described in this paragraph; (f) all property of such
DIP Loan Party held by any DIP Lenders, including all property of every description, in the custody of or in transit to such DIP
Lender for any purpose, including safekeeping, collection or pledge, for the account of such DIP Loan Party or as to which such
DIP Loan Party may have any right or power, including but not limited to cash; (g) all other goods (including but not limited
to fixtures) and personal property of such DIP Loan Party, whether tangible or intangible and wherever located; and (h) to the
extent not covered by the foregoing, all other assets or property of the DIP Loan Parties, whether tangible, intangible, real,
personal or mixed, and all proceeds and products of each of the foregoing and all accessions to, substitutions and replacements
for, and rents, profits and products of, each of the foregoing, any and all proceeds of any insurance, indemnity, warranty or
guaranty payable to any DIP Loan Party from time to time with respect to any of the foregoing, and in each case to the extent
of any such DIP Loan Party’s respective interest therein; provided, however, the DIP Collateral shall not
include (i) Excluded Property (as defined in the DIP Credit Agreement) but shall include any proceeds of Excluded Property that
do not otherwise constitute Excluded Property in their own right; (ii) all claims and causes of action under Chapter 5 of the
Bankruptcy Code or any other avoidance actions under the Bankruptcy Code, whether pursuant to federal law or applicable state
law (collectively, the “Avoidance Actions”) of the DIP Loan Parties, provided, however that DIP
Collateral shall include, subject to entry of the Final Order all proceeds of any Avoidance Actions (“Avoidance Proceeds”);
(iii) the Prepetition Treximet Notes Collateral; and (iv) the Prepetition Term Collateral. The DIP Liens shall not, without the
consent of the DIP Agent, be made subject to, or pari passu with, any other lien or security interest (other than to the
extent expressly provided herein and subject to the Carve-Out, or by any court order

 

    26

     

    

heretofore
or hereafter entered in the Chapter 11 Cases) and shall be valid and enforceable against any trustee appointed in the Chapter
11 Cases, upon the conversion of any of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or in any other
proceedings related to any of the foregoing (such cases or proceedings, “Successor Cases”), and/or upon the
dismissal of any of the Chapter 11 Cases. The DIP Liens, Prepetition Liens (subject to investigation), and Adequate Protection
Liens shall not be subject to sections 510, 549, 550 or 551 of the Bankruptcy Code or, subject to and effective upon entry of
the Final Order, the “equities of the case” exception of section 552 of the Bankruptcy Code or section 506(c) of the
Bankruptcy Code.

 

12.             
Priority of DIP Liens.

 

(a)              
The DIP Liens (i) shall constitute first-priority security interests in and liens upon all the DIP Collateral that is not
otherwise subject to any valid, perfected, enforceable and nonavoidable lien in existence as of the Petition Date, pursuant to
section 364(c)(2) of the Bankruptcy Code; and (ii) shall, pursuant to section 364(c)(3) and 364(d)(1) of the Bankruptcy Code,
be senior to and prime all other liens and security interests in the DIP Collateral, including, without limitation, the Prepetition
Revolving Liens, Prepetition Nalpropion Liens, and Adequate Protection Liens, and shall be junior only to (I) any pre-existing
liens as of the Petition Date held by a third party other than the Prepetition Revolving Lenders or Nalpropion, but solely to
the extent that such liens and security interests were, in each case, as of the Petition Date (x) valid, enforceable, perfected
and non-avoidable liens or were perfected subsequent to the Petition Date as permitted by section 546(b) of the Bankruptcy Code,
and (y) expressly permitted by the terms of the Prepetition Revolving Financing Documents and senior to the Prepetition Revolving
Liens (the “Permitted Prior Liens”) and (II) validly existing statutory liens that existed in the

 

    27

     

    

Prepetition
Revolving Collateral as of the Petition Date (together with the Permitted Prior Liens, the “Prior Liens”).

 

(b)              
The following table sets forth the relative priorities of the Carve-Out, Prior Liens, DIP Liens, Adequate Protection Liens,
Contingent Revolving Liens, Prepetition Revolving Liens and Prepetition Nalpropion Liens on some or all of the DIP Collateral
upon entry of this Interim Order:

 

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	Priority Schedule7
	 	Prepetition
    Revolving Collateral (other than collateral held at Pernix Therapeutics)	DIP
    Collateral held at Pernix Therapeutics	Other
    DIP Collateral
	1.	Carve-Out	Carve-Out	Carve-Out
	2.	Prior Liens	Prior Liens	Prior Liens
	3.	DIP Liens	DIP Liens	DIP Liens
	4.	·      Prepetition Term Loan Adequate Protection Liens

        

        ·      Prepetition Revolving Adequate Protection Liens

         
	Prepetition Revolving
    Adequate Protection Liens	·             Prepetition Term Loan Adequate Protection Liens

        

        ·      Prepetition
Revolving Adequate Protection Liens

         

	5.	Prepetition Revolving
    Liens/Contingent Revolving Liens	Prepetition Revolving
    Liens/Contingent Revolving Liens (Prepetition Revolving Collateral Only)	 
	6.	 	Nalpropion Adequate
    Protection Liens	 
	7.	 	Prepetition Nalpropion
    Liens (Nalpropion Collateral Only)	 
	8.	 	Prepetition Term Loan
    Adequate Protection Liens	 

 

13.             
Automatic Effectiveness of Liens. The automatic stay imposed under section 362(a) of the Bankruptcy Code is hereby
vacated and modified to permit the DIP Loan Parties to grant (or continue to grant) the liens and security interests to the Prepetition
Secured Parties (and

 

____________________

		7	This chart provides an overview
of the respective lien priorities upon some or all of the DIP Collateral and is qualified in its entirety by the applicable Prepetition
Financing Documents, DIP Loan Documents, and Intercreditor Agreement. For the avoidance of doubt, the Contingent Revolving Liens,
Prepetition Revolving Liens, and Prepetition Nalpropion Liens do not have liens upon all the DIP Collateral, but rather, certain
assets of the Prepetition Collateral.

 

 

    29

     

    

their respective
agents), the DIP Agent, and the DIP Lenders contemplated by this Interim Order and the other DIP Loan Documents.

 

14.             
Automatic Perfection. The DIP Liens and Adequate Protection Liens granted pursuant to this Interim Order shall constitute
valid, enforceable, nonavoidable and duly perfected security interests and liens, and the DIP Agent, DIP Lenders, Prepetition
Secured Parties and Prepetition Agents (collectively, the “Adequate Protection Parties”) shall not be required
to file or serve financing statements, notices of lien, mortgage deeds, deeds of trust or similar instruments which otherwise
may be required under federal, state or local law in any jurisdiction, or take any action, including taking possession, to validate
and perfect such security interests and liens; and the failure by the DIP Loan Parties to execute any documentation relating to
the DIP Liens or Adequate Protection Liens shall in no way affect the validity, enforceability, perfection or priority of such
liens. The DIP Agent, the DIP Lenders and the Adequate Protection Parties are hereby authorized, but not required, to file or
record financing statements, trademark filings, copyright filings, mortgages, deeds of trust, notices of lien or similar instruments
in any jurisdiction or take any other action in order to validate and perfect the liens and security interests granted to them
hereunder. Whether or not the DIP Agent, DIP Lenders or Adequate Protection Parties shall, in their sole discretion, choose to
file such financing statements, trademark filings, copyright filings, mortgages, deeds of trust, notices of lien or similar instruments
or otherwise confirm perfection of the liens and security interests granted to them hereunder, such liens and security interests
shall be deemed valid, perfected, allowed, enforceable, nonavoidable and not subject to challenge, dispute or subordination, at
the time and as of the date of entry of this Interim Order; provided, that notwithstanding anything to the contrary herein, none
of the liens granted pursuant to this Interim Order shall relate back to any

 

    30

     

    

date that precedes
the Petition Date. Upon the request of the DIP Lenders or the Prepetition Secured Parties, the DIP Loan Parties, without any further
consent of any party, are authorized to take, execute and deliver such instruments (in each case without representation or warranty
of any kind except as set forth in the DIP Loan Documents) to enable the DIP Agent the DIP Lenders or the applicable Adequate
Protection Party to further validate, perfect, preserve and enforce the DIP Liens and/or the Adequate Protection Liens. A certified
copy of this Interim Order may be filed with or recorded in filing or recording offices in addition to or in lieu of such financing
statements, mortgages, deeds of trust, notices of lien or similar instruments, and all filing offices are hereby authorized to
accept such certified copy of this Interim Order for filing and recording.

 

15.             
Other Automatic Perfection Matters. To the extent that the Prepetition Agents are secured parties under any account
control agreements, listed as loss payee under any of the DIP Loan Parties’ insurance policies or is the secured party under
any Prepetition Financing Document, the DIP Agent, on behalf of the DIP Lenders, is also deemed to be the secured party under
such account control agreements, loss payee under the DIP Loan Parties’ insurance policies and the secured party under each
the Prepetition Financing Documents, and shall have all rights and powers in each case attendant to that position (including,
without limitation, rights of enforcement), and shall act in that capacity and distribute any proceeds recovered or received in
accordance with the terms of this Interim Order and/or the Final Order, as applicable, and the other DIP Loan Documents. The Prepetition
Revolving Agent shall serve as agent for the DIP Agent for purposes of perfecting the DIP Agent’s security interests in
and liens on all DIP Collateral that is of a type such that perfection of a security interest therein may be accomplished only
by possession or control by a secured party.

 

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16.             
DIP Superpriority Claims. In addition to the liens and security interests granted to the DIP Agent on behalf of
the DIP Lenders pursuant to this Interim Order, subject to the Carve-Out and in accordance with sections 364(c)(1), 503 and 507
of the Bankruptcy Code, the DIP Obligations shall constitute allowed superpriority administrative expense claims (the “DIP
Superpriority Claims”) with priority over any and all administrative expenses of the Debtors, whether heretofore or
hereafter incurred, of the kind specified in, or ordered pursuant to, sections 105, 326, 328, 330, 331, 364, 365, 503(b), 506(c)
(subject to entry of the Final Order), 507(a), 507(b), 726, 1113, 1114 or any other provisions of the Bankruptcy Code.

 

17.             
Contingent Liens and Adequate Protection of Prepetition Revolving Lenders. Until the occurrence of the Revolver
Discharge, the Prepetition Revolving Lenders are entitled to (a) the Contingent Revolving Liens and (b) pursuant to Bankruptcy
Code sections 361, 362, 363(e), 364(d)(1) and 507, adequate protection of their interests in the Prepetition Revolving Collateral,
including the Cash Collateral, in an amount equal to the aggregate diminution in the value of the Prepetition Revolving Lenders’
interests in the Prepetition Revolving Collateral (including Cash Collateral) from and after the Petition Date, if any, for any
reason provided for under the Bankruptcy Code, including, without limitation, any such diminution resulting from the depreciation,
sale, lease or use by the DIP Loan Parties (or other decline in value) of the Prepetition Revolving Collateral, the priming of
the Prepetition Revolving Liens by the DIP Liens pursuant to the DIP Loan Documents and this Interim Order and the imposition
of the automatic stay pursuant to Bankruptcy Code section 362 (the “Prepetition Revolving Adequate Protection Claim”).
In consideration of the foregoing, the Prepetition Revolving Lenders are hereby granted the following, in each case, subject to
the Carve-Out and the provisions of

 

    32

     

    

paragraph ‎33
of this Interim Order (collectively, the “Prepetition Revolving Lenders Adequate Protection Obligations”):

 

(a)              
Contingent Revolving Liens and Prepetition Revolving Adequate Protection Liens. The Prepetition Revolving Agent
(for itself and for the benefit of the Prepetition Revolving Lenders) is hereby granted (effective and perfected upon the date
of this Interim Order and without the necessity of the execution of any mortgages, security agreements, pledge agreements, financing
statements or other agreements), (i) in the amount of any Contingent Prepetition Revolving Debt, the Contingent Revolving Liens,
and (ii) in the amount of the Prepetition Revolving Adequate Protection Claim, a valid, perfected replacement security interest
in and lien (the “Prepetition Revolving Adequate Protection Liens”) (subject to the limitations and priorities
set forth above) upon the DIP Collateral;

 

(b)              
Prepetition Revolving Superpriority Claim. The Prepetition Revolving Lenders are hereby granted an allowed superpriority
administrative expense claim as provided for in section 507(b) of the Bankruptcy Code to the extent that the Prepetition Revolving
Adequate Protection Claim is insufficient to protect the Prepetition Revolving Lenders’ interests in the Prepetition Revolving
Collateral with, except as set forth in this Interim Order, priority in payment over any and all administrative expenses of the
kind specified or ordered pursuant to any provision of the Bankruptcy Code (the “Prepetition Revolving Superpriority
Claim”), which Prepetition Revolving Superpriority Claim shall be payable from and have recourse to all DIP Collateral.
The Prepetition Revolving Superpriority Claim shall be subject and subordinate only to the Carve-Out and the DIP Superpriority
Claims granted in respect of the DIP Obligations and shall sit pari passu with the Prepetition Term Lenders Superpriority
Claim (as defined below). Except to the extent expressly set forth in this Interim Order or the DIP Credit Agreement, the

 

    33

     

    

Prepetition
Revolving Lenders shall not receive or retain any payments, property or other amounts in respect of the Prepetition Revolving
Superpriority Claim unless and until the DIP Obligations and any claims having a priority superior to or pari passu with
the DIP Superpriority Claims have indefeasibly been paid in cash in full;

 

(c)              
Contingent Prepetition Revolving Debt. In the event that the Prepetition Revolving Agent or any Prepetition Revolving
Lender (each in their capacities as such) is ordered by this Court to disgorge, refund or in any manner repay to any of the Debtors
or their estates any amounts (“Disgorged Amounts”) leading to Contingent Prepetition Revolving Debt, the Disgorged
Amounts, unless otherwise ordered by the Court, shall be placed in a segregated interest bearing account, pending a further final,
non-appealable order of a court of competent jurisdiction regarding the distribution of such Disgorged Amounts (either returning
the Disgorged Amounts to the Prepetition Revolving Agent and the Prepetition Revolving Lenders, distributing such amounts to the
Debtors or otherwise).

 

18.             
Adequate Protection of Prepetition Term Lenders. The Prepetition Term Lenders are entitled, pursuant to Bankruptcy
Code sections 361, 362, 363(e), 364(d)(1) and 507, to adequate protection of their interests in the Prepetition Term Collateral,
including Cash Collateral, for and equal in amount to the aggregate diminution in the value of the Prepetition Term Lenders’
interests in the Prepetition Term Collateral from and after the Petition Date, if any, including, without limitation, any such
diminution resulting from the depreciation, sale, lease or use by the Debtors (or other decline in value) of the Prepetition Term
Collateral, and the imposition of the automatic stay pursuant to section 362 of the Bankruptcy Code (the “Prepetition
Term Lenders Adequate Protection Claim”). In consideration of the foregoing, the Prepetition Term Lenders are hereby
granted the following, in each case subject to the Carve-Out

 

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and the provisions
of paragraph ‎33 of this Interim Order (the “Prepetition
Term Loan Adequate Protection Obligations”):

 

(a)              
Prepetition Term Loan Adequate Protection Liens. The Prepetition Term Lenders are hereby granted, in the amount
of the Prepetition Term Lenders Adequate Protection Claim, a replacement security interest in and lien (the “Prepetition
Term Loan Adequate Protection Liens”) (subject to the limitations and priorities set forth above) upon the DIP Collateral
and the Prepetition Term Collateral;

 

(b)              
Prepetition Term Lenders Superpriority Claim. The Prepetition Term Lenders are hereby granted, subject to the Carve-Out,
an allowed superpriority claim as provided for in section 507(b) of the Bankruptcy Code, junior to the DIP Superpriority Claims
(the “Prepetition Term Lenders Superpriority Claim” and, together with the Prepetition Revolving Superpriority
Claim, the “Superpriority Claims”). The Prepetition Term Lenders Superpriority Claim shall be subject and subordinate
to only the Carve-Out and the DIP Superpriority Claims granted in respect of the DIP Obligations and shall sit pari passu
with the Prepetition Revolving Superpriority Claim. Except to the extent expressly set forth in this Interim Order or the DIP
Credit Agreements, the Prepetition Term Lenders shall not receive or retain any payments, property or other amounts in respect
of the Prepetition Term Lenders Superpriority Claim unless and until the DIP Obligations and any claims having a priority superior
to or pari passu with the DIP Superpriority Claims have indefeasibly been paid in cash;

 

19.             
Adequate Protection of Nalpropion. Nalpropion is entitled, pursuant to Bankruptcy Code sections 361, 363(e), and
364(d)(1), to adequate protection of its interests in the Nalpropion Collateral, including Cash Collateral, for and equal in amount
to the aggregate diminution in the value of Nalpropion’s interest in the Nalpropion Collateral from and after the

 

    35

     

    

Petition Date,
if any, including without limitation, any such diminution resulting from the depreciation, sale, lease or use by the DIP Loan
Parties (or other decline in value) of the Nalpropion Collateral, the priming of the Prepetition Nalpropion Liens by the DIP Liens
pursuant to the DIP Loan Documents and this Interim Order and the imposition of the automatic stay pursuant to Bankruptcy Code
section 362. In consideration of the foregoing, Nalpropion is hereby granted, in each case subject to the Carve-Out and paragraph
‎33 of this Interim Order, (the “Nalpropion Adequate
Protection Obligations,” and together with the Prepetition Revolving Lenders Adequate Protection Obligations and Prepetition
Term Loan Adequate Protection Obligations, the “Adequate Protection Obligations”):

 

(a)              
Nalpropion Adequate Protection Liens. Nalpropion is hereby granted a replacement security interest in and lien upon
the DIP Collateral held by Pernix Therapeutics (the “Nalpropion Adequate Protection Liens,” and together with
the Prepetition Term Loan Adequate Protection Liens and Prepetition Revolving Adequate Protection Liens, the “Adequate
Protection Liens”) (subject to the limitations and priorities set forth above) securing the amount of the Nalpropion
Secured Obligations equal to the diminution in the value of Nalpropion’s interest in the Nalpropion Collateral from and
after the Petition Date. Notwithstanding anything to the contrary herein, the Nalpropion Adequate Protection Liens shall be junior
to the DIP Liens, Prepetition Revolving Adequate Protection Liens, Prepetition Revolving Liens and Contingent Revolving Liens,
but senior to the Prepetition Term Loan Adequate Protection Liens. As a condition to the granting of such Nalpropion Adequate
Protection Liens, Nalpropion waives its right to any superpriority claim as provided for in Section 507(b) of the Bankruptcy Code;
provided, however, that for the avoidance of doubt, the foregoing shall not constitute a waiver of any administrative claim which
Nalpropion may have pursuant to Bankruptcy Code Section

 

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503(b)(1) in
respect to transactions occurring under the TSA or Services Agreement from and after the Petition Date.

 

(b)              
Segregation of Payments. As additional adequate protection of Nalpropion’s security interests in the Nalpropion
Collateral, the DIP Loan Parties are authorized and directed to segregate from their other cash, in a manner satisfactory to Nalpropion,
cash in an amount equal to any and all amounts due and owing under the TSA, including all amounts relating to the Nalpropion Secured
Obligations, whether incurred before, on or after the Petition Date, and all amounts that become due and payable under the TSA,
in each case as they come due.

 

20.             
DIP Fees and Expenses. The Debtors are authorized to pay any and all reasonable and documented out-of-pocket expenses
of the DIP Agent and DIP Lenders in connection with the DIP Facility and as provided in the DIP Loan Documents, whether incurred
before, on or after the Petition Date and whether or not the transactions contemplated hereby are consummated or such fees and
expenses are set forth in the Approved Budget, including, without limitation, fees and expenses, subject to the Carve-Out, incurred
in connection with (i) the preparation, negotiation and execution of the DIP Loan Documents; (ii) the funding of the DIP Facility;
(iii) the creation, perfection or protection of the liens under the DIP Loan Documents (including all search, filing and recording
fees); (iv) the on-going administration of the DIP Loan Documents (including the preparation, negotiation and execution of any
amendments, consents, waivers, assignments, restatements or supplements thereto) and the Chapter 11 Cases; (v) the enforcement
of the DIP Loan Documents; and (vi) any legal proceeding relating to or arising out of the DIP Facility or the other transactions
contemplated by the DIP Loans Documents, including the Chapter 11 Cases. Payment of all such professional fees and expenses shall
not be subject to

 

    37

     

    

allowance by
the Court; provided, that notice of any such expenses shall be provided to counsel to the Committee (if any). The Debtors shall
pay the uncontested, invoiced, reasonable and documented accrued and unpaid out-of-pocket professional fees and expenses within
ten (10) days following the presentment of any invoices to the Debtors and the U.S. Trustee. Any written objection raised by the
Debtors or the U.S. Trustee with respect to such invoices (with notice provided to the DIP Agent) within ten (10) days of receipt
thereof will be resolved by the Court (absent prior consensual resolution thereof). Pending such resolution, the undisputed portion
of any such invoice shall be promptly paid by the Debtors. Such fees and expenses shall not be subject to any offset, defense,
claim, counterclaim or diminution of any type, kind or nature whatsoever.

 

21.             
Carve-Out.

 

(a)              
Carve-Out. Upon the DIP Agent’s issuance of a Default Notice (as defined below), all liens, claims and other
security interests held by any party, including the Superpriority Claims, Adequate Protection Liens, DIP Liens, Prepetition Liens
and Prepetition Treximet Notes Liens shall remain subject and subordinate to the payment of the Carve-Out. “Carve-Out”
shall mean the sum of: (i) all fees required to be paid to the Clerk of this Court and to the U.S. Trustee under section 1930(a)
of title 28 of the United States Code (without regard to the notice set forth in (iii) below); (ii) all reasonable fees and expenses
up to $50,000 incurred by a trustee under section 726(b) of the Bankruptcy Code (without regard to the notice set forth in (iii)
below); (iii) subject to the terms of this Interim Order, to the extent allowed at any time, whether by interim order, procedural
order, or otherwise, all unpaid fees and expenses (the “Allowed Professional Fees”) incurred by persons or
firms retained by the Debtors pursuant to section 327, 328 or 363 of the Bankruptcy Code (the “Debtor Professionals”)
and the Committee

 

    38

     

    

pursuant to
section 328 or 1103 of the Bankruptcy Code (the “Committee Professionals” and, together with the Debtor Professionals,
the “Professional Persons”) (excluding fees and expenses of persons or firms retained by Committee members)
at any time before or on the first day following delivery by a DIP Agent of a Default Notice, whether allowed by this Court prior
to or after delivery of a Default Notice (the “Pre-Default Notice Amount”); and (iv) Allowed Professional Fees
of Professional Persons in an aggregate amount not to exceed $1.5 million incurred after the first day following delivery by the
DIP Agent of a Default Notice to the extent allowed at any time, whether by interim order, procedural order or otherwise (the
“Post-Default Notice Carve-Out Cap”). Notwithstanding anything to the contrary herein or in the DIP Loan Documents,
the DIP Loans and Carve-Out shall not be used to fund aggregate cumulative expenditures for Professional Persons that exceed the
maximum amount with respect thereto set forth in the Approved Budget (after giving effect to any Permitted Variance).

 

(b)              
Delivery of Weekly Fee Estimates. Not later than 7:00 p.m. EST time on the third business day of each week starting
with the first full calendar week following the Petition Date, each Professional Person shall deliver to the Debtors a statement
(each such statement, a “Weekly Statement”) setting forth a good-faith estimate of the amount of fees and expenses
incurred during the preceding week by such Professional Person (through Saturday of such week, the “Calculation Date”),
along with a good-faith estimate of the cumulative total amount of unpaid fees and expenses incurred through the applicable Calculation
Date (collectively, “Estimated Fees and Expenses”) and a statement of the amount of such fees and expenses
that have been paid to date by the Debtors. No later than one business day after the delivery of a Default Notice, each Professional
Person shall deliver one additional statement (the “Final Statement”) to the Debtors setting forth a good-faith
estimate of the amount of fees and

 

    39

     

    

expenses incurred
during the period commencing on the calendar day after the most recent Calculation Date for which a Weekly Statement has already
been delivered and concluding on the date of the Default Notice.

 

(c)              
Carve-Out Account. Upon the occurrence and during the continuance of a Termination Event, the DIP Agent may deliver
a written Default Notice, which may be delivered by any means permitted under the DIP Credit Agreement, to the Debtors (such day,
the “Termination Declaration Date”). The Default Notice shall (x) constitute a demand to the Debtors to utilize
all cash on hand as of such date and any available cash thereafter held by any Debtor to fund an account (the “Carve-Out
Account”), and (y) be deemed a draw request and notice of borrowing by the DIP Loan Parties for Delayed Draw Loans under
the Delayed Draw Commitment (each as defined in the DIP Credit Agreement) (on a pro rata basis based on the then outstanding Delayed
Draw Commitments), after taking into account the funding described in the previous clause (x), in an amount equal to the lesser
of (1) the Carve-Out and (2) the remaining availability under the Delayed Draw Commitments at the time the Default Notice is given
(any such amounts actually advanced shall constitute a Loan (as defined in the DIP Credit Agreement)). Such amounts shall be held
in trust in the Carve-Out Account to pay the Pre-Default Notice Amount and the Post-Default Notice Carve-Out Cap. Notwithstanding
anything to the contrary in the DIP Loan Documents, this Interim Order or the Final Order, following delivery of a Default Notice
(x) the DIP Agent shall not sweep or foreclose on cash (including cash received as a result of the sale or other disposition of
any assets) of the Debtors until the Carve-Out Account has been funded in accordance with the terms of this paragraph.

 

(d)              
Requirement to Fund Carve-Out Account. On the first business day after the Termination Declaration Date, notwithstanding
anything in the DIP Credit Agreement to the

 

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contrary, including
with respect to the existence of a Default (as defined in the DIP Credit Agreement) or Event of Default, the failure of the DIP
Loan Parties to satisfy any or all of the conditions precedent for Delayed Draw Loans under the DIP Facility, any termination
of the Delayed Draw Commitments following an Event of Default, or the occurrence of the Maturity Date (each as defined in the
DIP Credit Agreement), each DIP Lender with an outstanding Delayed Draw Commitment (on a pro rata basis based on the then outstanding
Delayed Draw Commitments) shall extend Delayed Draw Loans pursuant to a deemed draw and borrowing equal to such DIP Lender’s
pro rata share of the total amount required to fund the borrowings set forth in paragraph ‎21(c).
Notwithstanding anything to the contrary herein, in no event shall the DIP Agent or the DIP Lenders be required to (x) extend
Delayed Draw Loans to fund the Carve-Out other than pursuant to paragraph ‎21(c)
or (y) extend Delayed Draw Loans pursuant to a deemed draw and borrowing pursuant to this paragraph ‎21
in an aggregate amount exceeding the total available Delayed Draw Commitments as of the Termination Declaration Date.

 

(e)              
Application of Carve-Out Account. All funds in the Carve-Out Account shall be used first to pay the obligations
set forth in clauses (i) through (iv) of the definition of Carve-Out set forth above until paid in full, and then, to the extent
the Carve-Out Account has not been reduced to zero, to pay the DIP Agent for the benefit of the DIP Lenders, unless the DIP Obligations
have been indefeasibly paid in full, in cash and all Commitments (as defined in the DIP Credit Agreement) have been terminated,
in which case any such excess shall be paid to the Prepetition Secured Parties in accordance with their rights and priorities
as of the Petition Date. All payments and reimbursements made from the Carve-Out Account shall permanently reduce the Carve-Out
on a dollar-for-dollar basis. The DIP Agent shall have a security interest in any residual amounts in the Carve-Out Account, which
shall secure the DIP Obligations.

 

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(f)               
Furthermore, notwithstanding anything to the contrary in the DIP Loan Documents, this Interim Order or the Final Order,
(i) disbursements by the Debtors from the Carve-Out Account shall not constitute a Loan (as defined in the DIP Credit Agreement)
or increase or reduce the DIP Obligations, (ii) the failure of the Carve-Out Account to satisfy in full the Allowed Professional
Fees shall not affect the priority of the Carve-Out and (iii) disbursements by the Debtors from the Carve-Out Account shall be
included in the Debtors’ monthly operating reports filed with the Court. Finally, while the terms of this Interim Order
place limitations on the payment of Allowed Professionals Fees from borrowings under the DIP Facility, Cash Collateral and the
Carve-Out Account, such provisions shall not operate to create a cap or limitation on the amount of the Allowed Professional Fees
due and payable by the Debtors.

 

(g)              
The payment of any Allowed Professional Fees pursuant to the Carve-Out shall not, and shall not be deemed to (i) reduce
the Debtors’ obligations owed to the DIP Agent, DIP Lenders, the Prepetition Agents, or the Prepetition Secured Parties
(whether under this Interim Order or otherwise) or, (ii) other than as necessary to permit the payment of such Allowed Professional
Fees (in each case, subject to the terms of and as expressly provided in this Interim Order with respect to the Carve-Out), modify,
alter or otherwise affect any of the liens and security interests of such parties (whether granted under this Interim Order or
otherwise) in the Prepetition Collateral or the DIP Collateral (or their claims against the Debtors). The DIP Agent, DIP Lenders,
Prepetition Agents, and the Prepetition Secured Parties shall not be responsible for the direct payment or reimbursement of any
Allowed Professional Fees, or any fees or expenses of the U.S. Trustee or Clerk of the Court (or of any other entity) incurred
in connection with the Chapter 11 Cases or any Successor Cases.

 

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22.             
Excluded Professional Fees. The Debtors shall not assert or prosecute, and no portion of the DIP Facility, the DIP
Collateral, the Cash Collateral, or the Carve-Out, and no disbursements set forth in the Approved Budget, shall be used for the
payment of professional fees, disbursements, costs or expenses incurred in connection with (a) asserting or prosecuting any claims,
causes of action, or lodging an objection against the Prepetition Secured Parties, Prepetition Agents, Prepetition Treximet Noteholders,
Prepetition Treximet Notes Trustee, DIP Agent, or DIP Lenders, (b) asserting or prosecuting any claims, causes of action, or lodging
an objection to the Prepetition Obligations, Prepetition Treximet Notes Obligations, DIP Obligations, DIP Liens, Prepetition Treximet
Notes Liens or Prepetition Liens, (c) lodging an Objection (as defined below), or (d) objecting to, contesting, delaying, preventing
or interfering with in any way the exercise of rights and remedies by the DIP Agent and the DIP Lenders with respect to the DIP
Collateral once a Termination Event has occurred (except that the Borrower may contest or dispute whether a Termination Event
has occurred and the Borrower shall be entitled to any notice provisions provided in this Interim Order). Notwithstanding the
foregoing, (i) the Debtors shall be permitted to enforce the terms of the DIP Facility or this Interim Order, and (ii) no more
than $50,000 of the proceeds of the DIP Facility, DIP Collateral, or Cash Collateral may be used by the Committee in connection
with the investigation of, but not litigation, objection or any challenge to, the Prepetition Liens or Prepetition Obligations
(the “Investigation Budget”).

 

23.             
506(c) Waiver; Marshaling. Subject only to and effective upon the entry of the Final Order, the Debtors (on behalf
of themselves and their estates) shall irrevocably waive, and shall be prohibited from asserting, any surcharge claim under Bankruptcy
Code section 506(c) or otherwise for any costs and expenses incurred in connection with the preservation, protection or

 

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enhancement
of, or realization by the Prepetition Secured Parties upon, the Prepetition Collateral. In no event shall the DIP Lenders, Prepetition
Revolving Lenders or Nalpropion be subject to the equitable doctrine of marshaling or any similar doctrine with respect to the
DIP Collateral.

 

24.             
Restrictions on Granting Post-Petition Liens; Collateral Rights; Limitations in Respect of Subsequent Court Orders and
Subordination of Liens. Except for the Carve-Out or as otherwise expressly set forth in this Interim Order, it shall constitute
a Termination Event if any of the Debtors incur or request authority to incur a claim or grant a lien (or a claim or lien is allowed)
having a priority superior to or pari passu with those granted pursuant to this Interim Order to the Prepetition Agents
or Prepetition Secured Parties at any time during which any portion of the DIP Obligations, Prepetition Obligations, and Adequate
Protection Obligations remains outstanding. Without limiting any other provisions and protections of this Interim Order, unless
the DIP Lenders have provided their prior written consent, there shall not be entered in these proceedings, or in any Successor
Cases, any order which authorizes the obtaining of credit or the incurring of indebtedness that is secured by a security, mortgage,
or collateral interest or other lien on all or any portion of the DIP Collateral and/or entitled to priority administrative status
which is superior to or pari passu with those granted pursuant to this Interim Order for any purpose other than as set
forth in the Approved Budget. Without limiting the provisions and protections of this paragraph, if at any time prior to the indefeasible
repayment and satisfaction in full and in cash of all DIP Obligations and the Prepetition Obligations, any trustee, any examiner
with enlarged powers or any responsible officer subsequently appointed, shall obtain credit or incur debt in violation of this
Interim Order or the other DIP Loan Documents, then all of the cash proceeds derived from such credit or debt and all Cash Collateral
shall immediately

 

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be turned over
to the DIP Agent or the Prepetition Agents, as the case may be, for application in accordance with this Interim Order, the DIP
Loan Documents, the Prepetition Financing Documents, the Intercreditor Agreement, as applicable, and under applicable law.

 

25.             
Binding Nature of Order. The provisions of this Interim Order shall be binding upon the Debtors and their respective
successors and assigns, including, without limitation, any trustee or other fiduciary hereafter elected or appointed for or on
behalf of any of the Debtors.

 

26.             
Survival of Order. With respect to the DIP Lenders, Prepetition Agents, Prepetition Secured Parties, Prepetition
Treximet Notes Trustee and Prepetition Treximet Noteholders, the provisions of this Interim Order and any actions taken pursuant
thereto (a) shall survive the entry of any order: (i) confirming any plan of reorganization in any of the Chapter 11 Cases; (ii)
converting any of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code; or (iii) dismissing any of the Chapter
11 Cases; and (b) shall continue in full force and effect notwithstanding the entry of any such order, and the claims, liens,
and security interests granted pursuant to this Interim Order shall maintain their priority as provided by this Interim Order
until all of the DIP Obligations are indefeasibly paid in full and discharged in accordance with the DIP Loan Documents. The DIP
Obligations shall not be discharged by the entry of any order confirming any plan of reorganization in any of the Chapter 11 Cases
that does not provide for the payment in full and in cash of the DIP Obligations, and upon the entry of any such order, the Debtors
shall, and shall be deemed to, waive any such discharge pursuant to section 1141(d)(4) of the Bankruptcy Code.

 

27.             
Protection under Section 364(e) of the Bankruptcy Code. If any or all of the provisions of this Interim Order are
hereafter reversed, modified, vacated or stayed, such reversal, modification, vacatur or stay shall not affect (i) the validity
of any DIP Obligations or

 

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Adequate Protection
Obligations incurred prior to the actual receipt by the DIP Lenders and the Prepetition Secured Parties of written notice of the
effective date of such reversal, modification, vacation or stay, or (ii) the validity or enforceability of any claim, lien, security
interest or priority authorized or created hereby or pursuant to the DIP Loan Documents with respect to any DIP Obligations or
Adequate Protection Obligations. Notwithstanding any such reversal, modification, vacatur or stay, any use of Cash Collateral
or the incurrence of DIP Obligations or Adequate Protection Obligations by the DIP Loan Parties prior to the actual receipt by
the Prepetition Secured Parties and Prepetition Agents of written notice of the effective date of such reversal, modification,
vacatur, or stay, shall be governed in all respects by the provisions of this Interim Order, and DIP Lenders, DIP Agent, Prepetition
Secured Parties, and Prepetition Agents shall be entitled to all of the rights, remedies, protections and benefits granted under
section 364(e) of the Bankruptcy Code, this Interim Order, the Intercreditor Agreement, and the other DIP Loan Documents with
respect to all uses of Cash Collateral and the incurrence of DIP Obligations and Adequate Protection Obligations.

 

28.             
Termination Events. The following shall constitute a termination event under this Interim Order and the DIP Loan
Documents unless waived in writing by the DIP Agent (each, a “Termination Event”): (a) The occurrence of any
“Event of Default” as defined under the DIP Credit Agreement; (b) any other failure of the Debtors to comply with
the terms and provisions of this Interim Order in any material respect; and (c) unless otherwise agreed by the Debtors and the
DIP Lenders or to the extent necessary to accommodate the Court’s calendar, the Debtors’ failure to timely comply
with the Milestones (as defined in the DIP Credit Agreement). Any Milestone that would otherwise fall on a Saturday, Sunday or
Federal holiday will be treated in accordance with Bankruptcy Rule 9006.

 

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29.             
Modification of Stay; Rights and Remedies Upon Termination.

 

(a)              
Upon the occurrence and during the continuance of any Termination Event, and five (5) business days’ after written
notice thereof (the “Default Notice,” and such period of time, the “Default Notice Period”)
is provided by the DIP Agent to Debtors’ counsel, Committee’s counsel (if any), and the U.S. Trustee, the automatic
stay provisions of section 362 of the Bankruptcy Code shall be automatically vacated and modified to the extent necessary to permit
the DIP Agent, the DIP Lenders, the Prepetition Agents and/or the Prepetition Secured Parties, as applicable, to exercise all
rights and remedies provided in this Interim Order, the DIP Loan Documents, the Intercreditor Agreement, or Prepetition Financing
Documents, as applicable, and to take any or all of the following actions without further order of or application to this Court:
(i) immediately terminate the Debtors’ use of Cash Collateral and cease making any DIP Loans to the DIP Loan Parties; (ii)
immediately declare all DIP Obligations to be immediately due and payable; (iii) immediately terminate the DIP Facility and the
availability of any DIP Loans thereunder; (iv) immediately set off any and all amounts in accounts maintained by the DIP Loan
Parties with (or subject to a security interest in favor of) the DIP Agent, DIP Lenders, Prepetition Agents, or Prepetition Secured
Parties, as applicable, against the DIP Obligations or the Prepetition Obligations, or otherwise enforce rights against the DIP
Collateral in the possession of, or subject to a lien in favor of the DIP Agent, DIP Lenders, Prepetition Agents, or the Prepetition
Secured Parties, as applicable, in each case for application towards the DIP Obligations or the Prepetition Obligations, as applicable;
(v) immediately exercise any of their rights with respect to the Specified Contracts (as defined in the DIP Credit Agreement)
under paragraph ‎30 herein; (vi) direct any Debtor to file
and prosecute pleadings before this Court seeking relief under Bankruptcy Code section 363 (including, without limitation,

 

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subsections
(b), (f), (k), and (m) thereof) and Bankruptcy Code section 365 in order to sell and transfer the Prepetition Collateral and/or
the DIP Collateral to the DIP Agent, Prepetition Revolving Agent, Prepetition Term Agent, as applicable, or the designees of any
of the foregoing; and (vii) take any other actions or exercise any other rights or remedies permitted under this Interim Order,
the DIP Loan Documents, the Intercreditor Agreement, the Prepetition Financing Documents or applicable law to effect the repayment
of the DIP Obligations and the Prepetition Obligations. During the Default Notice Period, the Debtors shall be entitled to an
emergency hearing before the Court, with proper notice to the DIP Agent and Prepetition Agents, for the purpose of contesting
whether a Termination Event has occurred and/or is continuing.

 

(b)              
Subject to the Default Notice Period, the automatic stay under section 362(a) of the Bankruptcy Code shall be automatically
vacated and modified as provided above, unless and until, the Court has determined that a Termination Event has not occurred and/or
is not continuing, and in such case, the Debtors shall not seek to enjoin, hinder, delay or object to the (x) DIP Agent’s
exercise of rights and remedies in accordance with the DIP Loan Documents, or (y) the Prepetition Term Agent’s and/or the
Prepetition Term Lenders’ exercise of rights and remedies in accordance with the Prepetition Term Financing Documents.

 

(c)              
The rights and remedies of the DIP Agent, DIP Lenders, Prepetition Agents, Prepetition Secured Parties, Prepetition Treximet
Notes Trustee and Prepetition Treximet Noteholders specified herein are cumulative and not exclusive of any rights or remedies
that the DIP Agent, DIP Lenders, Prepetition Agents, Prepetition Secured Parties, Prepetition Treximet Notes Trustee and/or Prepetition
Treximet Noteholders may respectively have under the DIP Loan Documents, the Prepetition Financing Documents, the Intercreditor
Agreement, the Prepetition Treximet Notes Financing Documents or otherwise. The Debtors

 

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shall cooperate
fully with the DIP Lenders and the Prepetition Secured Parties in their exercise of rights and remedies under this Interim Order
(including, without limitation, paragraph ‎30 herein), DIP
Loan Documents, Prepetition Financing Documents, and the Intercreditor Agreement, as applicable.

 

30.             
Assignment of Specified Contracts. As a requirement and precondition to the DIP Lenders’ willingness to fund
the Debtors’ Chapter 11 Cases, permit the use of Cash Collateral, and in furtherance of the Superpriority Claims, which
are payable from, among other things, all of the Specified Contracts (as defined in the DIP Credit Agreement), the DIP Lenders
shall have the following protections with respect to the Specified Contracts, which protections shall be enforced by the DIP Agent
as authorized, approved, and granted pursuant to the provisions of this Interim Order and in accordance with the terms of the
DIP Credit Agreement:8

 

(a)              
Remedies Upon a Termination Event. If a Termination Event has occurred and is continuing, the DIP Agent shall, with
respect to the Specified Contracts, be permitted, and is hereby authorized: (i) to exercise the Debtors’ rights pursuant
to section 365(f) of the Bankruptcy Code with respect to any such Specified Contract(s) and, subject to this Court’s approval
after notice and hearing, assign any such Specified Contract(s) in accordance with section 365 of the Bankruptcy Code notwithstanding
any language to the contrary in such Specified Contract; (ii) to require any Debtor to complete promptly, pursuant to Section
363 of the Bankruptcy Code, subject to the rights of the DIP Lenders to credit bid pursuant to Bankruptcy Code section 363(k)
or otherwise, a sale or disposition of any such Specified

 

 ____________________

		8	Until the indefeasible
repayment in full in cash of the Prepetition Term Obligations, the Prepetition Term Agent and Prepetition Term Lenders shall be
deemed to have the protections afforded the DIP Agent and DIP Lenders, respectively, under this paragraph ‎30
with respect to the Specified Contract(s) relating to the Prepetition Term Collateral. All references to the DIP Agent and the
DIP Lenders solely in this paragraph ‎30 shall be deemed substituted
in their entirety by reference to the Prepetition Term Agent or Prepetition Term Lenders, as applicable.

 

 

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Contract(s);
(iii) (a) find an acceptable (in the DIP Agent’s good faith and reasonable discretion) replacement counterparty, which may
include the DIP Agent or any of its affiliates, to whom such Specified Contract(s) may be assigned, and/or (b) notify the Debtors
of the selection of any replacement counterparty pursuant to this paragraph, upon such notification the Debtors shall promptly
(1) file a motion seeking, on an expedited basis, approval of the Debtors’ assumption and assignment of such Specified Contract(s)
to such proposed assignee, and (2) cure any defaults, if any, that have occurred and are continuing under such Specified Contract(s)
to the extent required by the Court, subject to the DIP Agent’s right to cure any defaults as set forth under paragraph
‎30(d); or (iv) direct the Debtors to (a) assign any such
Specified Contract(s) to the DIP Agent and as Collateral securing the DIP Obligations, subject to clause (b), if applicable, (b)
seek this Court’s approval of the assumption of any such Specified Contract(s) to the extent that this Court determines
pursuant to a final order that an assumption is required in order to assign such contract as Collateral, and (c) promptly cure
any default that has occurred and is continuing under such Specified Contract(s) to the extent required by the Court.

 

(b)              
Right to Credit Bid. The DIP Agent, on behalf of the applicable DIP Lenders, shall be permitted to credit bid pursuant
to Bankruptcy Code section 363(k) some or all of the outstanding DIP Obligations as consideration in exchange for any Specified
Contract(s). Pursuant to Bankruptcy Code section 364(e), absent a stay pending appeal, the DIP Lenders’ right to credit
bid shall not be affected by the reversal or modification on appeal of the Debtors’ authorization pursuant to this Interim
Order to obtain credit and incur debt as and in accordance with the terms set forth herein.

 

(c)              
Assumption Orders. Any order of this Court approving the assumption of any Specified Contract(s) in accordance with
this paragraph ‎30 shall specifically provide that the

 

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applicable
Debtor shall be authorized to assign such Specified Contract pursuant to, and to enjoy the protections of, Bankruptcy Code section
365 subsequent to the date of such assumption.

 

(d)              
DIP Agent’s Right to Cure Defaults. If any of the Debtors is required to cure any monetary defaults under
any Specified Contract pursuant to any order of this Court or otherwise in connection with any assumption and assignment of any
such Specified Contract pursuant to section 365 of the Bankruptcy Code, and such monetary default is not, within five (5) business
days of the receipt by such Debtor of notice from the DIP Agent pursuant to the applicable provision(s) of the DIP Credit Agreement
or any other notice from the DIP Agent requesting the cure of such monetary default, cured in accordance with the provisions of
such applicable court order as arranged by the DIP Agent, the DIP Agent may cure any such monetary defaults on behalf of the applicable
Debtor(s).

 

31.             
Limitations on Borrowings. It shall constitute a Termination Event if any of the Debtors seeks authorization for
the Debtors or their estates to borrow money from any person other than the DIP Lenders to the extent that the repayment of such
borrowings is to be secured pursuant to section 364(d)(1) of the Bankruptcy Code by a security interest, lien or mortgage that
is senior to or pari passu with any of the security interests, liens or mortgages held by the DIP Lenders or Prepetition
Secured Parties, unless (A) such authorization is sought with the prior written consent of the DIP Lenders or (B) in connection
with such borrowings, the DIP Obligations and any remaining Prepetition Obligations are indefeasibly paid in full in cash as a
condition to the closing of such borrowings.

 

32.             
Modifications of DIP Loan Documents and Budgets. The DIP Loan Parties are hereby authorized, without further order
of this Court, to enter into agreements with the DIP Agent and the DIP Lenders providing for any modifications to the Approved
Budget or non-

 

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material modifications
to the DIP Loan Documents, or any other modifications to the DIP Loan Documents necessary to conform the terms of the DIP Loan
Documents to this Interim Order; provided, however, that the DIP Loan Parties shall provide notice of any material
modification or amendment to the Approved Budget or the DIP Loan Documents that is adverse to the Debtors’ estates to Committee’s
counsel (if any), and the U.S. Trustee, each of whom shall have five (5) days from the date of such notice within which to object
in writing to such material modification or amendment. If any Committee or the U.S. Trustee timely objects to any such material
modification or amendment to the Approved Budget or the DIP Loan Documents, such modification or amendment shall only be permitted
pursuant to a further order of this Court.

 

33.             
Objections to Prepetition Obligations. The Debtors’ admissions, stipulations, acknowledgements, agreements,
releases and waivers contained in this Interim Order with respect to, among other things, the extent, legality, validity, perfection,
enforceability and other matters noted in this Interim Order with respect to the Prepetition Financing Documents, Prepetition
Treximet Notes Financing Documents, Prepetition Liens and Prepetition Treximet Notes Liens, shall be binding upon all other parties
in interest, including a Committee, any Chapter 7 trustee or Chapter 11 trustee or examiner appointed or elected for any of the
Debtors, for all purposes subject only to the rights of any party in interest with requisite standing for a period of the earlier
of (x) for any Committee appointed by the date that is fifteen (15) days after the Petition Date, sixty (60) days after the appointment
of such Committee, or (y) for any other party in interest, seventy-five (75) days from the Petition Date (such period hereafter
referred to as the “Challenge Period”), as such applicable date may be extended in writing from time to time
in the sole discretion of the Prepetition Secured Parties, or by this Court for good cause shown pursuant to an application filed
by a party in interest prior to the expiration of the Challenge

 

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Period, to
seek to (a) challenge in any manner the Prepetition Obligations, and/or assert claims or causes of action of any nature in any
way arising out of, relating to, or in connection with, the Prepetition Obligations, Prepetition Treximet Notes Obligations, Prepetition
Financing Documents or the Prepetition Treximet Notes Documents including, without limitation, any payments made in respect thereof,
or (b) assert or allege any other matters in any way arising out of, relating to, or in connection with, the Prepetition Obligations,
Prepetition Treximet Notes Obligations, Prepetition Financing Documents or Prepetition Treximet Notes Financing Documents or (c)
challenge the extent, legality, validity, perfection and/or enforceability of any Prepetition Liens or Prepetition Treximet Notes
Liens pursuant to the Bankruptcy Code (the actions described in clause (a), (b) and/or (c) above, collectively referred to herein
as an “Objection”). If an Objection is not timely and properly filed within such Challenge Period or the Court
does not rule in favor of the plaintiff or moving party in any such proceeding, (i) the Prepetition Obligations and Prepetition
Treximet Notes Obligations shall be deemed allowed in full, and the Prepetition Liens and Prepetition Treximet Notes Liens shall
be recognized and allowable as legal, valid, binding, in full force and effect, non avoidable, perfected and senior to all other
liens (other than as provided herein) upon and claims against the Prepetition Collateral and the Prepetition Treximet Notes Collateral,
as applicable, with respect to all parties in these Chapter 11 Cases and not be subject to any counterclaims, setoff, recoupment,
deduction, or claim of any kind or any defenses, or any further objection or challenge by any party at any time, and (ii) the
Releasees shall be deemed released and discharged from all claims and causes of action arising out of or in any way relating to
the Prepetition Obligations, Prepetition Financing Documents, Prepetition Treximet Notes Obligations or Prepetition Treximet Notes
Financing Documents prior to the entry of this Interim Order. Nothing in this Interim Order shall be

 

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deemed to confer
standing to commence any action or proceeding, including any Committee or party in interest. If an Objection is timely lodged,
the stipulations contained in this Interim Order shall be binding on the Debtors’ estates and all parties in interest except
to the extent such stipulations are specifically challenged in such Objection, as and when originally filed (ignoring any relation
back principles); provided, that if and to the extent an Objection is withdrawn, denied or overruled, the stipulations
specifically challenged in such Objection shall be binding on the Debtors’ estates and all parties in interest. For the
avoidance of doubt, any chapter 7 or 11 trustee appointed or elected in these cases during the investigation period shall, until
the expiration of the periods provided herein for asserting lender claims and thereafter for the duration of any adversary proceeding
or contested matter commenced pursuant to the Challenge Period (whether commenced by such trustee or commenced by any other party
in interest on behalf of the Debtors’ estates) be deemed to be a party other than the Debtors and shall not, for purposes
of such adversary proceeding or contested matter, be bound by the acknowledgements, admissions, confirmations, stipulations, releases
and waivers of the Debtors in this Interim Order.

 

34.             
Waiver of Requirement to File Proofs of Claim.

 

(a)              
The DIP Agent and the DIP Lenders shall not be required to file proofs of claim in the Chapter 11 Cases or any Successor
Case in order to maintain their claims for payment of principal, interest, fees, expenses and other amounts owing in respect of
the DIP Obligations under, and as provided in, the DIP Loan Documents. The statements of claim in respect of the DIP Obligations
set forth in this Interim Order, together with the evidence accompanying the Motion and presented at the Interim Hearing are deemed
sufficient to and do constitute proofs of claim in respect of such obligations and such secured status.

 

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(b)              
The Prepetition Agents, the Prepetition Revolving Lenders, the Prepetition Term Lenders, the Prepetition Treximet Notes
Trustee and the Prepetition Treximet Noteholders shall not be required to file proofs of claim in the Chapter 11 Cases or any
Successor Case in order to maintain their claims for payment of principal, interest, fees, expenses and other amounts owing in
respect of the obligations under, and as provided in, the applicable Prepetition Financing Documents or Prepetition Treximet Notes
Financing Documents. The statements of claim in respect of the Prepetition Obligations and Prepetition Treximet Notes Obligations
set forth in this Interim Order, together with the evidence accompanying the Motion and presented at the Interim Hearing are deemed
sufficient to and do constitute proofs of claim in respect of such obligations and such secured status.

 

35.             
Final Hearing. The Final Hearing is scheduled for March 14, 2019, at 2:00 p.m. (prevailing Eastern Time) before
this Court. Any objections by creditors or other parties in interest to any provisions of this Interim Order shall be deemed waived
unless timely filed and served in accordance with this paragraph. The Debtors shall promptly serve notice of entry of this Interim
Order and the Final Hearing on the appropriate parties in interest in accordance with the Bankruptcy Rules and the Local Rules.
Without limiting the foregoing, the Debtors shall promptly serve a notice of entry of this Interim Order and the Final Hearing,
together with a copy of this Interim Order, by first class mail, postage prepaid, facsimile, electronic mail or overnight mail
upon the Notice Parties. The notice of the entry of this Interim Order and the Final Hearing shall state that objections to the
entry of a Final Order shall be filed with the United States Bankruptcy Court for the District of Delaware by no later than 4:00
p.m. (prevailing Eastern Time) March 7, 2019 (the “Objection Deadline”).

 

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36.             
DIP Agent and Prepetition Agents Authorization. Notwithstanding any provision of the Prepetition Financing Documents
or the DIP Loan Documents, the DIP Agent and Prepetition Agents are hereby authorized to make any and all account transfers requested
by the Debtors in accordance with the Approved Budget, and is further authorized to take any other action reasonably necessary
to implement the terms of this Interim Order.

 

37.             
No Modification of Interim Order. The Debtors irrevocably waive any right to seek any amendment, modification or
extension of this Interim Order without the prior written consent of the DIP Lenders and no such consent shall be implied by any
action, inaction or acquiescence of the DIP Lenders.

 

38.             
Rights Preserved. Notwithstanding anything herein to the contrary, the entry of this Interim Order is without prejudice
to, and does not constitute a waiver of, expressly or implicitly the DIP Agent’s, the DIP Lenders’, the Prepetition
Agents’, Prepetition Secured Parties’, Prepetition Treximet Notes Trustee’s or Prepetition Treximet Noteholders’
right to seek any other or supplemental relief in respect of the Debtors, including the right to seek additional adequate protection
(subject to the Intercreditor Agreement). Nothing contained herein shall be deemed a finding by the Court or an acknowledgement
by the Prepetition Agents or the Prepetition Secured Parties that the adequate protection granted herein does in fact adequately
protect the Prepetition Secured Parties against any diminution in value of the Prepetition Collateral.

 

39.             
Priority of Terms. To the extent of any conflict between or among (a) the Motion, any other order of this Court
(other than the Final Order), or any other agreements, on the one hand, and (b) the terms and provisions of this Interim Order,
on the other hand, the terms and provisions of this Interim Order shall govern.

 

    56

     

    

40.             
Entry of Interim Order; Effect. This Interim Order shall take effect and be fully enforceable nunc pro tunc
to the Petition Date immediately upon entry hereof, notwithstanding the possible application of Fed. R. Bankr. P. 6004(h), 7062,
9014, or otherwise.

 

41.             
Limitation of Liability. In determining to make any DIP Loans, permitting the use of Cash Collateral, or in exercising
any rights or remedies as and when permitted pursuant to this Interim Order (or any Final Order), the DIP Loan Documents, the
Prepetition Treximet Notes Financing Documents or the Prepetition Financing Documents, the DIP Agent, DIP Lenders, Prepetition
Agents, Prepetition Secured Parties, Prepetition Treximet Noteholders or Prepetition Treximet Notes Trustee shall not be deemed
to be in control of the operations of the Debtors or any affiliate (as defined in section 101(2) of the Bankruptcy Code) of the
Debtors, or to be acting as a “responsible person” or “owner or operator” with respect to the operation
or management of the Debtors or any affiliate of the Debtors (as such terms, or any similar terms, are used in the United States
Comprehensive Environmental Response, Compensation and Liability Act, 29 U.S.C. §§ 9601 et seq., as amended,
or any similar federal or state statute). Furthermore, nothing in this Interim Order, DIP Loan Documents, Prepetition Financing
Documents or Prepetition Treximet Financing Documents shall in any way be construed or interpreted to impose or allow the imposition
upon the DIP Agent, the DIP Lenders, the Prepetition Agents, Prepetition Secured Parties, Prepetition Treximet Notes Trustee or
Prepetition Treximet Noteholders of any liability for any claims arising from the prepetition or postpetition activities of the
Debtors or any affiliate of the Debtors.

 

42.             
Credit Bidding. (a) The DIP Agent, on behalf of the DIP Lenders, shall have the unqualified right to credit bid
up to the full amount of the DIP Obligations in any sale of the DIP Collateral (or any part thereof), (b) the Prepetition Agents,
on behalf of the Prepetition Revolving

 

    57

     

    

Lenders and
Prepetition Term Lenders (as applicable), shall have the unqualified right to credit bid up to the full amount of the Prepetition
Revolving Obligations and Prepetition Term Obligations, as applicable, in any sale of the Prepetition Collateral and/or Prepetition
Term Collateral (or in each case, any part thereof), and (c) the Prepetition Treximet Notes Trustee, on behalf of the Prepetition
Treximet Noteholders, shall have the right to credit bid up to the full amount of Prepetition Treximet Notes Obligations in any
sale of the Prepetition Treximet Notes Collateral (or any part thereof), in each case pursuant to Bankruptcy Code section 363(k),
without the need for further Court order authorizing the same, and whether such credit bid is submitted in connection with the
“Sale” under the Sale Procedures Order (as defined in the DIP Credit Agreement) or any other sale effectuated through
sections 363 or 1129 of the Bankruptcy Code, by a Chapter 7 trustee under section 725 of the Bankruptcy Code, or otherwise. A
credit bid submitted by the DIP Agent, DIP Lenders, Prepetition Revolving Lenders, Prepetition Term Lenders, Prepetition Agents,
Prepetition Treximet Notes Trustee and/or Prepetition Treximet Noteholders shall be considered a “Qualified Bid” under
the Sale Procedures Order.

 

43.             
Disposition of Collateral. Other than pursuant to the Sale Procedures Order or Sale Order (as defined in the DIP
Credit Agreement), or as provided in this Interim Order and in the DIP Loan Documents, the Debtors shall not sell, transfer, lease,
encumber, or otherwise dispose of any portion of the DIP Collateral or any Prepetition Collateral other than in the ordinary course
of business (or enter into any binding agreement to do so) and shall not permit any of their subsidiaries to sell, transfer, lease,
encumber, or otherwise dispose of any assets (other than in the ordinary course of business) without the prior written consent
of the DIP Lenders.

 

    58

     

    

44.             
Equities of the Case. Subject to and effective upon entry of a Final Order, the Prepetition Secured Parties shall
each be entitled to all of the rights and benefits of section 552(b) of the Bankruptcy Code, and the “equities of the case”
exception under section 552(b) of the Bankruptcy Code shall not apply to the Prepetition Secured Parties with respect to the proceeds,
product, offspring, or profits of any of the Prepetition Collateral.

 

45.             
Reporting Requirements. Notwithstanding any procedures or requirements under the Prepetition Financing Documents
or the DIP Loan Documents, the Debtors shall (a) prepare and furnish to counsel for the DIP Lenders, in form and substance reasonably
acceptable to the DIP Lenders, a weekly report of receipts, disbursements, and a reconciliation of actual receipts and disbursements
with those set forth in the Approved Budget, on a line-by-line basis, showing any percentage variance to the proposed corresponding
line item of the Approved Budget (i) for the immediately preceding weekly period, (ii) on a cumulative basis for the period of
the Approved Budget or such other budget period, as applicable, and showing a calculation of the covenants and Debtors’
compliance or noncompliance, and (iii) provide an explanation for all variances, on a line-item and cumulative basis, between
the budgeted amounts and the actual amounts (the “Budget Reconciliation”). The Budget Reconciliation shall
(i) be certified as true and correct by an officer of the Borrower and (ii) certify that no Termination Event, including any Event
of Default, has occurred or, if such Termination Event has occurred, specifying the nature and extent thereof and any corrective
action taken or proposed to be taken with respect thereto. The Debtors shall also provide to DIP Agent’s counsel (i) a list
of any and all prepetition claims paid during such period, each with a notation regarding which order authorized such payments,
and (ii) the cumulative total of all prepetition claims paid, each with a notation regarding which order authorized such payments
(the “Other Reporting Obligations”). Such

 

    59

     

    

Budget Reconciliation
and Other Reporting Obligations shall be provided to counsel to the DIP Lenders so as actually to be received within four (4)
business days following the end of each applicable period. The Debtors and their professionals shall make themselves available
to discuss the Budget Reconciliation and any other reports provided pursuant to this Interim Order with the professionals retained
by the DIP Lenders on such basis as may be reasonably requested by the DIP Lenders.

 

46.             
No Third Party Rights. Except as explicitly provided for herein, this Interim Order does not create any rights for
the benefit of any party, creditor, equity holder or other entity other than the DIP Agent, DIP Lenders, Prepetition Agents, Prepetition
Secured Parties, Prepetition Treximet Notes Trustee, Prepetition Treximet Noteholders and the Debtors, and their respective successors
and assigns.

 

47.             
Enforceability. This Interim Order shall constitute findings of fact and conclusions of law pursuant to Bankruptcy
Rule 7052 and shall take effect and be fully enforceable nunc pro tunc to the Petition Date immediately upon execution
hereof. Any findings of fact shall constitute a finding of fact even if it is stated as a conclusion of law, and any conclusion
of law shall constitute a conclusion of law even if it is stated as a finding of fact.

 

48.             
Retention of Jurisdiction. Notwithstanding any provision in the DIP Loan Documents or the Prepetition Financing
Documents, this Court shall retain jurisdiction over all matters pertaining to the implementation, interpretation and enforcement
of this Interim Order, DIP Facility, and DIP Loan Documents.

 

	 	 	 
	Dated: February 21, 2019	 	/s/ Christopher S. Sontchi
	Wilmington, Delaware	 	The Honorable Christopher
        S. Sontchi

        

        Chief United States Bankruptcy
Judge  

 

    60

     

    

 

 

EXHIBIT
L-1

 

[FORM
OF] LIBOR NOTICE

 

Cantor Fitzgerald Securities,
as Agent

under the below referenced Credit Agreement

[•]

[•]

[•]

 

Ladies and Gentlemen:

 

Reference
hereby is made to that certain Senior Secured Superpriority Debtor-in-Possession Credit Agreement dated as of February 22, 2019
(as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”) by and
among Pernix Therapeutics Holdings, Inc., a Maryland corporation and a debtor and a debtor-in-possession (the “Borrower”),
the lenders party thereto as “Lenders”, and Cantor Fitzgerald Securities, as administrative agent for each
member of the Lender Group (in such capacity, together with its successors and assigns in such capacity, the “Agent”).
Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement.

 

This
LIBOR Notice represents the Borrower’s request to elect the LIBOR Option with respect to outstanding Loans in the amount
of $________ (the “LIBOR Rate Advance”)[, and is a written confirmation of the telephonic notice of such election
given to Agent].

 

The
LIBOR Rate Advance will have an Interest Period of [1, 2, 3 or 6] month(s) commencing on ______________________.

 

This
LIBOR Notice further confirms the Borrower’s acceptance, for purposes of determining the rate of interest based on the LIBOR
Rate under the Credit Agreement, of the LIBOR Rate as determined pursuant to the Credit Agreement.

 

The
Borrower represents and warrants that (i) each of the covenants and agreements contained in any Loan Document have been performed
(to the extent required to be performed on or before the date hereof or each such effective date), and (ii) no Default or Event
of Default has occurred and is continuing on the date hereof, nor will any thereof occur after giving effect to the request above.

 

[Signature
Page Follows]

 

    Exhibit L-1

    

    

	 	PERNIX THERAPEUTICS HOLDINGS, INC.
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

 

    Signature Page to LIBOR Notice (Pernix DIP)]

    

    

EXHIBIT
N-1

 

[FORM
OF] PROMISSORY NOTE

 

THIS
NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT
AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REGISTER MAINTAINED
BY THE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT.

 

	$[●]	New York, New
    York

[●],
2019

 

FOR
VALUE RECEIVED, the undersigned, Pernix Therapeutics Holdings, Inc., a Maryland corporation and a debtor and a debtor-in-possession
(the “Borrower”), hereby unconditionally promises to pay to [●] (together with its successors and permitted
assigns, the “Lender”) in lawful money of the United States and in immediately available funds, on the Maturity
Date the principal amount of (a) [●] DOLLARS ($[●]), or, if less, (b) the aggregate unpaid principal amount of all
Loans of the Lender outstanding under the Credit Agreement. The Borrower further agrees to pay interest in like money on the unpaid
principal amount hereof from time to time outstanding at the applicable rates and on the dates specified in Section 2.6 of the
Credit Agreement.

 

The
holder of this Note is authorized to endorse on the schedule annexed hereto and made a part hereof or on a continuation thereof
which shall be attached hereto and made a part hereof the date, and amount of each Loan made pursuant to the Credit Agreement
and the date and amount of each payment or prepayment of principal thereof, and each continuation thereof. Each such endorsement
shall constitute rebuttably presumptive evidence of the accuracy of the information endorsed. The failure to make any such endorsement
or any error in any such endorsement shall not affect the obligations of the Borrower under the Credit Agreement and other Loan
Documents in respect of any Loan.

 

This
Note (a) is one of the Notes evidencing the Commitments or the Loans under that certain Senior Secured Superpriority Debtor-in-Possession
Credit Agreement dated as of February 22, 2019 (as amended, restated, supplemented, or otherwise modified from time to time, the
“Credit Agreement”) by and among Pernix Therapeutics Holdings, Inc., a Maryland corporation and a debtor and
a debtor-in-possession (the “Borrower”), the Lenders from time to time party thereto, and Cantor Fitzgerald
Securities, as administrative agent for each member of the Lender Group (in such capacity, together with its successors and assigns
in such capacity, the “Agent”), (b) is subject to the provisions of the Credit Agreement and (c) is subject
to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed
as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets
in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions
upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof.

 

Upon
the occurrence of any one or more of the Events of Default, all principal and all accrued interest then remaining unpaid on this
Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement.

 

All
parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise,
hereby waive presentment, demand, protest and all other notices

 

    Exhibit N-1

    

    

of
any kind under this Note to the fullest extent permitted under applicable law.

 

Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement.

 

NOTWITHSTANDING
ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND
IN ACCORDANCE WITH THE PROVISIONS OF SECTION 13 OF THE CREDIT AGREEMENT.

 

[The
remainder of this page intentionally left blank.]

 

    Exhibit N-2

    

    

THIS
NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND, TO THE EXTENT
APPLICABLE, THE BANKRUPTCY CODE.

 

	 	PERNIX THERAPEUTICS HOLDINGS, INC.
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 

 

 

    

    

    

Schedule
A

to Promissory Note

 

LOANS
AND REPAYMENTS

 

	Date	Amount
    of Loans	Amount
    of Principal of Loans Repaid	Unpaid
    Principal Balance of Loans	Notation
    Made By
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    

    

    

EXHIBIT
P-1

 

[FORM
OF] PERFECTION CERTIFICATE

 

February
22, 2019

 

With
reference to (a) the Senior Secured Superpriority Debtor-in-Possession Credit Agreement (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), dated as of February 22, 2019, among Pernix
Therapeutics Holdings, Inc., a Maryland corporation and a debtor and a debtor-in-possession (the “Borrower”),
the lenders party thereto from time to time and Cantor Fitzgerald Securities, as Agent (capitalized terms defined therein being
used herein and not defined have the meaning assigned to such terms therein (whether defined expressly therein or by reference
to another document)) and (b) the Guaranty and Security Agreement and any other Loan Document that purports to create a Lien on
any Collateral from the Borrower or any of its subsidiaries (the Borrower, together with any such subsidiary that grants a security
interest in such Collateral to secure the Obligations, collectively, the “Grantors” and each, individually,
a “Grantor”), the undersigned, solely in the capacity of a duly authorized officer of the Borrower, certifies
to the Agent as of the date hereof as follows:

 

Section
1.Legal Names, Organizations and Jurisdictions of Organization or Incorporation. (a) The exact legal name of each Grantor,
as such name appears in its respective certificate of incorporation or any other organizational document, is set forth in Schedule
1(a). Each Grantor is (i) the type of entity disclosed next to its name in Schedule 1(a), (ii) is incorporated or formed
in its jurisdiction of organization or formation, as applicable, listed in Schedule 1(a) and (iii) a registered organization
except to the extent disclosed in Schedule 1(a).

 

(b)
Except as set forth on Schedule 1(b), no Grantor has, within the past five years preceding the date hereof, changed its
legal name, jurisdiction of organization or incorporation or its corporate structure (e.g., by merger or consolidation
with any other Person or acquisition of all equity interests of a Person or all or substantially all of the assets of (or all
or substantially all the assets constituting a business unit, division, product line or line of business of) another Person (other
than any other Loan Party)).

 

Section
2.Organizational and Federal Taxpayer Identification Numbers. Set forth on Schedule 2 is (i) the organizational
identification number, if any, assigned by the jurisdiction of organization, formation or incorporation, as applicable, of each
Grantor, (ii) the address (including street address, city, county and state) of the chief executive office of each Grantor or
the registered office of each Grantor, if applicable, at any time in the past five years and (iii) the U.S. federal taxpayer identification
number of each Grantor.

 

Section
3.UCC Filings.  (a) Set forth on Schedule 3(a) is a true copy of a file search report from the central
UCC filing office in each jurisdiction identified in Schedule 1(a) above (searches in local filing offices, if any, are
not required).

 

(b)
Financing statements have been prepared for filing by counsel to the Agent in the proper Uniform Commercial Code filing office
in the jurisdiction in which each Grantor is located. Set forth on Schedule 3(b) is a true and correct list of each
such filing office in which such filing is to be made.

 

Section
4.Intellectual Property. (a) Set forth on Schedule 4(a) is a complete and correct list of all registered Copyrights
applicable to any of the Products or otherwise owned by any Grantor, all applications for registration of Copyrights owned by
any Grantor, and all other Copyrights owned by any Grantor and material to the conduct of the business of such Grantor.

 

    Exhibit P-1

    

    

(b)
Set forth on Schedule 4(b) is a complete and correct list of all licenses of Intellectual Property (including Patent Licenses)
entered into by any Grantor pursuant to which (x) such Grantor has provided any license or other rights in Intellectual Property
owned or controlled by such Grantor to any other Person (other than licenses granted pursuant to clause (d) of the definition
of “Permitted Dispositions” in the Credit Agreement related to software) or (y) any Person has granted to such Grantor
any license or other rights in Intellectual Property owned or controlled by such Person that is material to the business of such
Grantor, including any Intellectual Property that is incorporated in any Inventory, software, or other product marketed, sold,
licensed, or distributed by such Grantor.

 

(c)
Set forth on Schedule 4(c) is a complete and correct list of all Patents applicable to any of the Products or otherwise
owned by each Grantor and all applications for Patents owned by such Grantor.

 

(d)
Set forth on Schedule 4(d) is a complete and correct list of all registered Trademarks applicable to any of the Products
or otherwise owned by each Grantor, all applications for registration of Trademarks owned by such Grantor, and all other Trademarks
owned by such Grantor and material to the conduct of the business of such Grantor.

 

Section
5.Deposit Accounts and Securities Accounts. Set forth on Schedule 5 is a complete and correct list of each
Grantor’s Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a)
the name and address of such Person, (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such
Person and (c) all Excluded Accounts.

 

Section
6.Real Property. Set forth on Schedule 6 is a true and correct list of (i) all material real property owned,
leased or otherwise held by any Grantor (including fixtures) and (ii) the county or other jurisdiction in which a mortgage
(if any) and, if applicable, a fixture filing on each mortgage is to be recorded and/or filed.

 

Section
7.Investment-Related Property. Set forth on Schedule 7 is a true and correct list, for each Grantor, of all
the issued and outstanding stock, partnership interests, limited liability company membership interests or other Equity Interests
of the Borrower or any Subsidiary or (to the extent such Equity Interests are certificated) of any other Person owned, beneficially
or of record, by such Grantor, specifying the issuer and certificate number (if any) of, and the number and percentage of ownership
represented by, such Equity Interests.

 

Section
8. Commercial Tort Claims. Set forth on Schedule 8 is a true and correct list of Commercial Tort Claims (as
defined in the Code) held by any Grantor having an aggregate value or face amount of $250,000 or more, including a brief description
thereof.

 

Section
9.Letter of Credit Rights. Set forth on Schedule 9 is a true and correct list of all letters of credit issued
in favor of any Grantor, as beneficiary thereunder, to the extent having a face amount or value of $250,000 or more in the aggregate.

 

Section
10.Negotiable Collateral, Investment Property, or Chattel Paper. Set forth on Schedule 10 is a true and correct
list of all Negotiable Collateral, Investment Property, or Chattel Paper of each Grantor evidencing Proceeds of Collateral having
an aggregate value or face amount of $250,000 or more.

 

Section
11.Government Contracts. Set forth on Schedule 11 is a true and correct list of each Account, the aggregate
value of which is equal to or greater than $250,000 as of the date hereof, of the Grantors arising out of a contract or contracts
with the United States of America or any department, agency, or instrumentality thereof.

 

    Exhibit P-2

    

    

 

 

[signature
page follows]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Exhibit P-3

    

    

IN WITNESS WHEREOF, the undersigned
parties hereto have caused this Perfection Certificate to be executed and delivered as of the day and year first above written.

 

 

	 	PERNIX THERAPEUTICS HOLDINGS, INC.
	 	 
	 	 
	 	By:	        
	 	Name:	
	 	Title:	
	 	 	 

 

 

    Exhibit P-4

    

    

Schedule
1(a)

 

Legal
Names, Organizations and Jurisdictions of Organization or Incorporation

 

	Grantors
    Legal Name	Jurisdiction
    of Organization / Formation / Incorporation	Type
    of Organization
	 	 	 

 

 

 

    Exhibit P-5

    

    

Schedule
1(b)

 

Changes
to Legal Name, Jurisdiction or Organization

 

	Grantor	Corporate
    Name of Predecessor Entity	Description
    of Change

    (and date)
	 	 	 

 

 

 

    Exhibit P-6

    

    

Schedule
2

 

Organizational
and Federal Taxpayer Identification Numbers

 

	Grantor	Organizational
    Identification Number	Address
    of Chief Executive Office / Registered Office	Federal
    Taxpayer Identification Number
	 	 	 	 

 

 

    Exhibit P-7

    

    

Schedule
3(a)

 

UCC
File Search Report

 

(see
attached)

 

    Exhibit P-8

    

    

Schedule
3(b)

 

Organizational
and Federal Taxpayer Identification Numbers

 

	Grantor	UCC
    Filing Office / County Recorder’s Office
	 	 

 

 

    Exhibit P-9

    

    

Schedule
4(a)

 

Registered
Copyrights

 

	Grantor	Copyright
	 	

 

 

    Exhibit P-10

    

    

Schedule
4(b)

 

Intellectual
Property Licenses

 

	Grantor	IP
    Licenses
	 	 

 

 

    Exhibit P-11

    

    

Schedule
4(c)

 

Patents

 

	Grantor	Patents
	 	 

 

 

    Exhibit P-12

    

    

Schedule
4(d)

 

Registered
Trademarks

 

	Grantor	Registered
    Trademarks
	 	 

 

 

 

    Exhibit P-13

    

    

Schedule
5

 

Deposit
Accounts and Securities Accounts

 

	Grantor	Name
    of Financial Institution Where Account Maintained	Account
    Number	Description
    of Account
	 	 	 	 

 

 

 

    Exhibit P-14

    

    

Schedule
6

 

Real Property

 

	Grantor	Location	Estimated
    Value
	 	 	

                                                                                 

 

    Exhibit P-15

    

    

 

 

Schedule
7

 

Investment-Related
Property

 

	Grantor	Issuer	Stock
    Certificate No.	If
    Certificated, Number of Shares and Class of Stock	Percentage
    Ownership Represented by Pledged Equity Interests	Total
    Percentage of the Issuer Owned by the Grantor
	 	 	 	 	 	 

 

 

 

    Exhibit P-16

    

    

Schedule
8

 

Commercial
Tort Claims

 

	Grantor	Commercial
    Tort Claim
	 	 

 

 

 

    Exhibit P-17

    

    

Schedule
9

 

Letter
of Credit Rights

 

	Grantor	Letter
    of Credit 
	 	 

 

 

    Exhibit P-18

    

    

Schedule
10

 

Negotiable
Collateral, Investment Property, or Chattel Paper

 

	Grantor	Negotiable
    Instrument, Investment Property or Chattel Paper
	 	 

 

 

 

    Exhibit P-19

    

    

Schedule
11

 

Government
Contracts

 

    Exhibit P-20EXHIBIT 10.1

 

AGREEMENT OF SALE AND PURCHASE

 

THIS AGREEMENT OF SALE AND PURCHASE (“Agreement”) made this 21st day of February, 2019 by and between MACK-CALI CW REALTY ASSOCIATES L.L.C., converted from Cali CW Realty Associates L.P. (“CW”); CROSS WESTCHESTER REALTY ASSOCIATES L.L.C., converted from Cross Westchester Realty Associates L.P. (“Cross Westchester”); CLEARBROOK ROAD ASSOCIATES L.L.C., f/k/a Clearbrook Realty Associates L.L.C. (“Clearbrook”); SO. WESTCHESTER REALTY ASSOCIATES L.L.C., converted from So. Westchester Realty Associates L.P. (“So. Westchester”); MACK-CALI SO. WEST REALTY ASSOCIATES L.L.C., converted from Cali So. West Realty Associates L.P. (“So. West”); 225 CORPORATE REALTY L.L.C., f/k/a 250 Corporate Realty L.L.C. (“Corporate”); 3 ODELL REALTY L.L.C. (“Odell”); MID-WESTCHESTER REALTY ASSOCIATES L.L.C., converted from Mid-Westchester Realty Associates L.P. (“Mid-Westchester”); MACK-CALI MID-WEST REALTY ASSOCIATES L.L.C., converted from Cali Mid-West Realty Associates L.P. (“Mid-West”); SKYLINE REALTY L.L.C. (“Skyline”); 12 SKYLINE ASSOCIATES L.L.C. (“12 Skyline”); 5/6 SKYLINE REALTY L.L.C. (“5/6 Skyline”); and TALLEYRAND REALTY ASSOCIATES L.L.C., converted from Talleyrand Realty Associates L.P. (“Talleyrand”), each a limited liability company organized under the laws of the State of New York and each having an address c/o Mack-Cali Realty Corporation, Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ 07311 (CW, Cross Westchester, Clearbrook, So. Westchester, So. West, Corporate, Odell, Mid-Westchester, Mid- West, Skyline, 12 Skyline, 5/6 Skyline and Talleyrand are sometimes hereinafter individually referred to as a “Seller” and collectively referred to as “Seller”) and RMC ACQUISITION ENTITY, LLC, a Delaware limited liability company having an address c/o Robert Martin Company, 100 Clearbrook Road, Elmsford, NY 10523 (“Purchaser”).

 

In consideration of the mutual promises, covenants, and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser agree as follows:

 

ARTICLE I

DEFINITIONS

 

Section 1.1                                   Definitions.  For purposes of this Agreement, the following capitalized terms have the meanings set forth in this Section 1.1:

 

“1, 3 and 5 Westchester Plaza Real Property” means that certain parcel of real property owned by CW located in the Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-1, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “1 Westchester Plaza”, “3 Westchester Plaza” and “5 Westchester Plaza” (referred to as “1, 3 and 5 Westchester Plaza”) are located on the 1, 3 and 5 Westchester Plaza Real Property.

 

“2, 4 and 6 Westchester Plaza Real Property” means that certain parcel of real property owned by CW located in the Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-2, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “2 Westchester Plaza”, “4 Westchester Plaza” and “6 Westchester Plaza” (referred to as “2, 4 and 6 Westchester Plaza”) are located on the 2, 4 and 6 Westchester Plaza Real Property.

 

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“7 Westchester Plaza Real Property” means that certain parcel of real property l owned by CW located at 7 Westchester Plaza, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-7 (referred to as “7 Westchester Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“8 Westchester Plaza Real Property” means that certain parcel of real property owned by CW located at 8 Westchester Plaza, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-8 (referred to as “8 Westchester Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“50 Executive Boulevard Real Property” means that certain parcel of real property owned by CW located at 50 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-9 (referred to as “50 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“77 Executive Boulevard Real Property” means that certain parcel of real property owned by CW located at 77 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-10 (referred to as “77 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“85 Executive Boulevard Real Property” means that certain parcel of real property owned by CW located at 85 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-11 (referred to as “85 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“101 Executive Boulevard Real Property” means that certain parcel of real property owned by CW located at 101 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-12 (referred to as “101 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“101 Executive Boulevard Condominium Units” means collectively the condominium units owned by CW designated as Unit A and Unit B (collectively, with their respective appurtenant common interests the “Condominium Units”), as described in the Condominium Declaration and as shown on the

 

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Floor Plans of the Condominium filed simultaneously with the Condominium Declaration in the County Clerk’s Office as Map No. 29122.

 

“300 Executive Boulevard Real Property” means that certain parcel of real property owned by CW located at 300 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-13 (referred to as “300 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“350 Executive Boulevard Real Property” means that certain parcel of real property owned by Cross Westchester located at 350 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-14 (referred to as “350 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“399 Executive Boulevard Real Property” means that certain parcel of real property owned by CW located at 399 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-15 (referred to as “399 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“400 and 500 Executive Boulevard Real Property” means that certain parcel of real property owned by CW located in the Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-16, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “400 Executive Boulevard” and “500 Executive Boulevard” (referred to as “400 and 500 Executive Boulevard”) are located on the 400 and 500 Executive Boulevard Real Property.

 

“525 Executive Boulevard Real Property” means that certain parcel of real property owned by Cross Westchester located at 525 Executive Boulevard, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-18 (referred to as “525 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“11 and 175 Clearbrook Road Real Property” means that certain parcel of real property owned by CW located in the Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-19, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “11 Clearbrook Road” and “175 Clearbrook Road” (referred to as “11 and 175 Clearbrook Road”) are located on the 11 and 175 Clearbrook Road Real Property.

 

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“75 and 125 Clearbrook Road Real Property” means that certain parcel of real property owned by Cross Westchester, together with all of Seller’s beneficial and equitable rights and interests owned by Clearbrook which shall quitclaim such rights and interests under the Deed, located in the Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-20, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “75 Clearbrook Road” and “125 Clearbrook Road” (referred to as “75 and 125 Clearbrook Road”) are located on the 75 and 125 Clearbrook Road Real Property.

 

“100 Clearbrook Road Real Property” means that certain parcel of real property owned by CW located at 100 Clearbrook Road, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-21 (referred to as “100 Clearbrook Road”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“150 Clearbrook Road Real Property” means that certain parcel of real property owned by CW located at 150 Clearbrook Road, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-23 (referred to as “150 Clearbrook Road”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“200 Clearbrook Road Real Property” means that certain parcel of real property owned by CW located at 200 Clearbrook Road, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-25 (referred to as “200 Clearbrook Road”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“250 Clearbrook Road Real Property” means that certain parcel of real property owned by CW located at 250 Clearbrook Road, Village of Elmsford, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-26 (referred to as “250 Clearbrook Road”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“1 Odell Plaza Real Property” means that certain parcel of real property owned by So. Westchester located at 1 Odell Plaza, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-27 (referred to as “1 Odell Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“3 Odell Plaza Real Property” means that certain parcel of real property owned by Odell located at 3 Odell Plaza, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-28 (referred to as “3 Odell Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto,

 

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including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“5 and 7 Odell Plaza Real Property” means that certain parcel of real property owned by So. Westchester located in the City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-29 (referred to as “5 Odell Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “5 Odell Plaza” and “7 Odell Plaza” (referred to as “5 and 7 Odell Plaza”) are located on the 5 and 7 Odell Plaza Real Property.

 

“1 Executive Boulevard Real Property” means that certain parcel of real property owned by So. West located at 1 Executive Boulevard, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-31 (referred to as “1 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“2 Executive Plaza Real Property” means that certain parcel of real property owned by So. West located at 2 Executive Plaza, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-32 (referred to as “2 Executive Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“3 Executive Boulevard Real Property” means that certain parcel of real property owned by So. Westchester located at 3 Executive Boulevard, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-33 (referred to as “3 Executive Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“4 Executive Plaza Real Property” means that certain parcel of real property owned by So. West located at 4 Executive Plaza, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-34 (referred to as “4 Executive Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“6 Executive Plaza Real Property” means that certain parcel of real property owned by So. Westchester located at 6 Executive Plaza, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-35 (referred to as “6 Executive Plaza”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“100 Corporate Boulevard Real Property” means that certain parcel of real property owned by So. West located at 100 Corporate Boulevard, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-36 (referred to as “100 Corporate Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the

 

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appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“200 Corporate Boulevard South Real Property” means that certain parcel of real property owned by So. Westchester located at 200 Corporate Boulevard South, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-37 (referred to as “200 Corporate Boulevard South”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“225 Corporate Boulevard Real Property” means that certain parcel of real property owned by Corporate located at 225 Corporate Boulevard, City of Yonkers, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-38 (referred to as “225 Corporate Boulevard”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“1 Skyline Drive Real Property” means that certain parcel of real property owned by Mid-Westchester located at 1 Skyline Drive, Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-39 (referred to as “1 Skyline Drive”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“2 and 4 Skyline Drive Real Property” means that certain parcel of real property owned by Mid-Westchester located in the Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-40, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “2 Skyline Drive” and “4 Skyline Drive” (referred to as “2 and 4 Skyline Drive”) are located on the 2 and 4 Skyline Drive Real Property.

 

“5 and 6 Skyline Drive Real Property” means that certain parcel of real property owned by 5/6 Skyline located in the Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-42, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “5 Skyline Drive” and “6 Skyline Drive” (referred to as “5 and 6 Skyline Drive”) are located on the 5 and 6 Skyline Drive Real Property.

 

“7 Skyline Drive Real Property” means that certain parcel of real property owned by Skyline located at 7 Skyline Drive, Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-44 (referred to as “7 Skyline Drive”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

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“8 and 10 Skyline Drive Real Property” means that certain parcel of real property owned by Mid-West located at 8 Skyline Drive, Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-45, together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights. Buildings known as “8 Skyline Drive” and “10 Skyline Drive” (referred to as “8 and 10 Skyline Drive”) are located on the 8 and 10 Skyline Drive Real Property.

 

“11 Skyline Drive Ground Lease” means that certain ground lease by and between County of Westchester and Robert Martin—Eastview North Company dated January 10, 1990, recorded in the Clerk’s Office on February 13, 1990 in Liber 9742, Page 222, as assigned to Mid-Westchester Realty Associates L.P. by Assignment and Assumption of Ground Lease dated January 31, 1997, recorded in the Clerk’s Office in Liber 11654, Page 98, and extended by the exercise of renewal options, with respect to 11 Skyline Drive, Town of Mount Pleasant, New York.

 

“11 Skyline Drive Ground Leased Property” means that certain parcel of real property located at 11 Skyline Drive, Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-47 (referred to as “11 Skyline Drive”), which is the premises demised to Mid- Westchester under the 11 Skyline Drive Ground Lease.

 

“12 Skyline Drive Ground Lease” means that certain ground lease by and between County of Westchester and Robert Martin—Eastview North Company dated November 18, 1998, recorded in the Clerk’s Office on March 1, 1999 in Liber 12238, Page 224, as assigned to Mack-Cali Realty, L.P. by Assignment and Assumption of Lease dated as of December 3, 1998, and subsequently assigned to 12 Skyline by Assignment and Assumption of Ground Lease dated as of March 1, 2000, and extended by the exercise of renewal options, with respect to 12 Skyline Drive, Town of Mount Pleasant, New York.

 

“12 Skyline Drive Ground Leased Property” means that certain parcel of real property located at 12 Skyline Drive, Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-48 (referred to as “12 Skyline Drive”), which is the premises demised to 12 Skyline under the 12 Skyline Drive Ground Lease.

 

“15 Skyline Drive Ground Lease” means that certain ground lease by and between County of Westchester and Robert Martin—Eastview North Company dated January 10, 1990, recorded in the Clerk’s Office on February 13, 1990 in Liber 9743, Page 103, as assigned to Mid-Westchester Realty Associates L.P. by Assignment and Assumption of Lease dated as of January 31, 1997, recorded on February 13, 1997 in Liber 11657, Page 241, and extended by the exercise of renewal options, with respect to 15 Skyline Drive, Town of Mount Pleasant, New York.

 

“15 Skyline Drive Ground Leased Property” means that certain parcel of real property located at 15 Skyline Drive, Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-49 (referred to as “15 Skyline Drive”), which is the premises demised to Mid-Westchester under the 15 Skyline Drive Ground Lease.

 

“17 Skyline Drive Ground Lease” means that certain ground lease by and between County of Westchester and Robert Martin—Eastview North Company, dated January 10, 1990, recorded in the Clerk’s Office on February 13, 1990 in Liber 9743, Page 1, as assigned to Mid-Westchester Realty Associates L.P. by Assignment and Assumption of Ground Lease dated as of January 31, 1997, recorded on February 13, 1997 in Liber 11657, Page 274, and extended by the exercise of renewal options, with respect to 17 Skyline Drive, Town of Mount Pleasant, New York.

 

“17 Skyline Drive Ground Leased Property” means that certain parcel of real property located at 17 Skyline Drive, Town of Mount Pleasant, State of New York, as more particularly described by the

 

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legal descriptions attached hereto and made a part hereof as Exhibit A-50 (referred to as “17 Skyline Drive”), which is the premises demised to Mid- Westchester under the 17 Skyline Drive Ground Lease.

 

“200 Saw Mill River Road Real Property” means that certain parcel of real property owned by Mid-West located at 200 Saw Mill River Road, Town of Mount Pleasant, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-51 (referred to as “200 Saw Mill River Road”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“240 White Plains Road Real Property” means that certain parcel of real property owned by Talleyrand located at 240 White Plains Road, Town of Greenburgh, State of New York, as more particularly described by the legal descriptions attached hereto and made a part hereof as Exhibit A-52 (referred to as “240 White Plains Road”), together with all of Seller’s right, title and interest, if any, in and to the appurtenances pertaining thereto, including but not limited to Seller’s right, title and interest in and to the adjacent streets, alleys and right-of-ways, and any easement rights, air rights, subsurface development rights and water rights.

 

“Additional Earnest Money Deposit” has the meaning ascribed to such term in Section 4.1.

 

“Allocation” shall have the meaning ascribed to such term in Section 3.1 and as set forth on Schedule 3.1.

 

“Agreement” has the meaning ascribed to such term in the Preamble.

 

“Apex Agreements” means that certain Agreement for the management of rooftop transmitting sites dated July 6, 1998 between Mack-Cali Realty Corporation on behalf of Seller and Apex Site Management, Inc. and that certain Agreement for the management of telecommunication access sites dated December 14, 1998 between Mack-Cali Realty Corporation on behalf of Seller and Apex Site management, Inc. (as same has been amended).

 

“Assignment of Service Contracts” has the meaning ascribed to such term in Section 10.3(d) and shall be in the form attached hereto as Exhibit B.

 

“Assignment of Lease Obligations” has the meaning ascribed to such term in Section 10.3(c) and shall be in the form attached hereto as Exhibit C.

 

“Assignment of Maintenance Declaration” has the meaning ascribed to such term in Section 10.3(f) and shall be in the form attached hereto as Exhibit K.

 

“Association” means individually and collectively the South-West Maintenance Association, the Mid-West Maintenance Association and the Talleyrand Maintenance Association, as applicable.

 

“Association Documents” means individually and collectively the Mid-West Maintenance Corp. Association Documents and the South-West Maintenance Corp. Association Documents, and the Talleyrand Maintenance Association Documents, as applicable.

 

“Association Estoppel Certificate” means individually and collectively an estoppel certificate from the South-West Maintenance Association, and the Mid-West Maintenance Association, but not the Talleyrand Maintenance Association, as applicable, and shall be in the form attached hereto as Exhibit N.

 

“Authorities” means the various federal, state and local governmental and quasi-governmental bodies or agencies having jurisdiction over the Real Property and Improvements, or any portion thereof.

 

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“Bill of Sale” has the meaning ascribed to such term in Section 10.3(b) and shall be in the form attached hereto as Exhibit D.

 

“Bring-Down Certificate” has the meaning ascribed to such term in Section 10.3(k).

 

“Broker” has the meaning ascribed to such term in Section 16.1.

 

“Business Day” means any day other than a Saturday, Sunday or a day on which national banking associations are authorized or required to close.

 

“Certificate as to Foreign Status” has the meaning ascribed to such term in Section 10.3(j) and shall be in the form attached as Exhibit I.

 

“Certifying Person” has the meaning ascribed to such term in Section 4.3(a).

 

“Clerk’s Office” means the office of the Clerk of the County of Westchester (Division of Land Records).

 

“Closing” means the consummation of the purchase and sale of the Property contemplated by this Agreement, as provided for in Article X.

 

“Closing Date” means the date on which the Closing of the transactions contemplated hereby actually occurs.

 

“Closing Statement” has the meaning ascribed to such term in Section 10.4(a).

 

“Closing Surviving Obligations” means the rights, liabilities and obligations set forth in Sections 3.1 (as to Allocation), 3.2, 5.3, 5.4, 7.5, 8.1, 8.2, 8.3, 10.4, 10.5, 10.6, 10.7, 11.1, 11.2, 12.1, 14.1, 16.1, 18.1, 18.2, 18.3, 18.4, 18.5, 18.6, 18.7, 18.9, 18.10, 18.11, 18.12, 18.13, 18.14, and any other provisions which pursuant to their terms survive the Closing hereunder.

 

“Code” has the meaning ascribed to such term in Section 4.3.

 

“Commonwealth Title Commitment” means, collectively, the new title insurance commitments prepared by Commonwealth Land Title Insurance Company for the Real Property, as made available electronically to Purchaser for its review.

 

“Common Charge Letter” means a written letter issued by the Condominium Board (hereinafter defined), or by the managing agent on behalf of the Condominium Board, in commercially reasonable form to be agreed to by Seller and Purchaser prior to the expiration of the Evaluation Period.

 

“Condominium” means the condominium known as “101 Executive Boulevard Condominium”.

 

“Condominium Board” means the board of managers for the Condominium established pursuant to the Condominium Documents.

 

“Condominium Documents” means, collectively, (i) that certain Declaration of Condominium for 101 Executive Boulevard Condominium, dated December 19, 2017, and recorded with the Westchester Clerk’s Office on January 8, 2018, including without limitation all exhibits and schedules attached thereto (the “Condominium Declaration”), (ii) the By-Laws of the Condominium, and (iii) the rules and regulations for the Condominium established from time to time, if any, as any or all of the same may have been or may be amended and/or restated from time to time.

 

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“Confidentiality Agreement” means that certain Confidentiality Agreement, dated November 2, 2018, between MCRC and Purchaser.

 

“Continuing Tax Protection Rights” has the meaning ascribed to such term in Section 7.5(a).

 

“Contribution and Exchange Agreement (RM)” means, collectively, that Contribution and Exchange Agreement, dated January 24, 1997, between Robert Martin Company, LLC, Robert Martin-Eastview North Company, L.P., Mack-Cali Realty, L.P. (f/k/a Cali Realty, L.P.) and Mack-Cali Realty Corporation (f/k/a Cali Realty Corporation), as amended by that certain Consent and Waiver Agreement, dated September   , 1997, and that certain Second Amendment to Contribution and Exchange Agreement, dated June 27, 2000, and that certain Letter Agreement, dated December 31, 2018, regarding the Elmsford Distribution Center.

 

“Cross Westchester Executive Park” means the executive park commonly known as the Cross Westchester Executive Park, in the Town of Greenburgh, State of New York and consisting of the Property owned by Seller subject to this Agreement, as set forth on Schedule 1.1, as well as property owned by other parties not affiliated with Seller.

 

“Data Room” means the electronic web-based document depository established and maintained by the Broker in connection with the transactions contemplated by this Agreement, a link to which has been provided to Purchaser.

 

“Deed” has the meaning ascribed to such term in Section 10.3(a) and shall be in the form attached hereto as Exhibit L.

 

“Delinquent Rental” has the meaning ascribed to such term in Section 10.4(b).

 

“Documents” has the meaning ascribed to such term in Section 5.2(a).

 

“Earnest Money Deposit” has the meaning ascribed to such term in Section 4.1.

 

“EAT” has the meaning ascribed to such term in Section 10.7.

 

“Effective Date” means the date of this Agreement first set forth above.

 

“Employee Notice” has the meaning ascribed to such term in Section 9.2(g).

 

“Environmental Laws” means each and every federal, state, county and municipal statute, ordinance, rule, regulation, code, order, requirement, directive, binding written interpretation and binding written policy pertaining to Hazardous Substances issued by any Authorities and in effect as of the date of this Agreement with respect to or which otherwise pertains to or affects the Real Property or the Improvements, or any portion thereof, the use, ownership, occupancy or operation of the Real Property or the Improvements, or any portion thereof, or Purchaser, and as the same have been amended, modified or supplemented from time to time prior to the Effective Date, including but not limited to the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (42 U.S.C. § 9601 et seq.), the Hazardous Substances Transportation Act (49 U.S.C. § 1802 et seq.), the Resource Conservation and Recovery Act (42 U.S.C. § 6901 et seq.), as amended by the Hazardous and Solid Wastes Amendments of 1984, the Water Pollution Control Act (33 U.S.C. § 1251 et seq.), the Safe Drinking Water Act (42 U.S.C. § 300f et seq.), the Clean Water Act (33 U.S.C. § 1321 et seq.), the Clean Air Act (42 U.S.C. § 7401 et seq.), the Solid Waste Disposal Act (42 U.S.C. § 6901 et seq.), the Toxic Substances Control Act (15 U.S.C. § 2601 et seq.), the Emergency Planning and Community Right-to-Know Act of 1986 (42 U.S.C. § 11001 et seq.), the Radon Gas and Indoor Air Quality Research Act of 1986 (42 U.S.C. § 7401 et seq.), the National Environmental Policy Act (42 U.S.C. § 4321 et seq.), the Superfund Amendment Reauthorization Act of 1986 (42 U.S.C. § 9601 et seq.), the Occupational Safety and Health Act (29 U.S.C. § 651 et seq.)

 

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(collectively, the “Environmental Statutes”), and any and all rules and regulations which have become effective prior to the date of this Agreement under any and all of the Environmental Statutes.

 

“Escrow Agent” means First American Title Insurance Company, having an address at 655 Third Avenue, 16th Floor, New York, New York 10017, Attention:  Messrs. Wayne Baird and Sohail Shohpar.

 

“Existing Survey” means Seller’s existing surveys of the Real Property, as made available electronically to Purchaser for its review.

 

“Evaluation Period” has the meaning ascribed to such term in Section 5.1.

 

“Executive Park” or “Park” means individually and collectively the South Westchester Executive Park, the Cross Westchester Executive Park and the Mid-Westchester Executive Park,  as applicable.

 

“Fee Property” means individually and collectively, the fee property owned by Seller as set forth on Schedule 1.1.

 

“Governmental Regulations” means all statutes, ordinances, rules and regulations of the Authorities applicable to Seller or the use or operation of the Real Property or the Improvements or any portion thereof.

 

“Ground Lease Estoppel” has the meaning ascribed to such term in Section 7.3 and is attached as Exhibit H-1.

 

“Ground Lease” means individually and collectively the 11 Skyline Drive Ground Lease, the 12 Skyline Drive Ground Lease, the 15 Skyline Drive Ground Lease and the 17 Skyline Drive Ground Lease.

 

“Ground Lease Assignment” has the meaning ascribed to such term in Section 10.3(e) and is attached as Exhibit E.

 

“Ground Leased Property” means individually and collectively, the 11 Skyline Drive Ground Leased Property, the 12 Skyline Drive Ground Leased Property, the 15 Skyline Drive Ground Leased Property and the 17 Skyline Drive Ground Leased Property.

 

“Hazardous Substances” means (a) asbestos, radon gas and urea formaldehyde foam insulation, (b) any solid, liquid, gaseous or thermal contaminant, including smoke vapor, soot, fumes, acids, alkalis, chemicals, petroleum products or byproducts, polychlorinated biphenyls, phosphates, lead or other heavy metals and chlorine, (c) any solid or liquid waste (including, without limitation, hazardous waste), hazardous air pollutant, hazardous substance, hazardous chemical substance and mixture, toxic substance, pollutant, pollution, regulated substance and contaminant, and (d) any other chemical, material or substance, the use or presence of which, or exposure to the use or presence of which, is prohibited, limited or regulated by any Environmental Laws.

 

“HIG” has the meaning ascribed to such term in Section 4.4.

 

“HIG Percentage” has the meaning ascribed to such term in Section 4.4.

 

“HIG Wire Instructions” has the meaning ascribed to such term in Section 4.4.

 

“Identified Terrorist” has the meaning ascribed to such term in Section 8.1(o).

 

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“Improvements” means all buildings, structures, fixtures, parking areas and other improvements located on the Real Property.

 

“Initial Earnest Money Deposit” has the meaning ascribed to such term in Section 4.1.

 

“Investigations” has the meaning ascribed to such term in Section 5.1.

 

“Lease Schedule” has the meaning ascribed to such term in Section 5.2(a) and is attached as Exhibit G.

 

“Leases” means all of the leases, licenses, occupancy agreements and other agreements with Tenants with respect to the use and occupancy of the Real Property, together with all renewals and modifications thereof, if any, all guaranties thereof, if any, and any new leases, lease amendments, and lease guaranties entered into after the Effective Date to the extent permitted by Section 7.1.

 

“Leasing Commission Agreements” means all leasing commission agreements currently affecting the Property and any leasing commission agreements entered into after the Effective Date in connection with new leases and lease amendments permitted by Section 7.1.

 

“Letters of Credit” has the meaning ascribed to such term in Section 10.4(a)(ii).

 

“Licensee Parties” has the meaning ascribed to such term in Section 5.1.

 

“Licenses and Permits” means, collectively, any and all licenses, permits, certificates of occupancy, approvals, dedications, subdivision maps and entitlements now or hereafter issued, approved or granted by the Authorities in connection with the Real Property and the Improvements, together with all renewals and modifications thereof.

 

“LKE Property” means those Properties designated as “LKE Property” on Schedule 3.1.

 

“LLCs” has the meaning ascribed to such term in Section 10.7.

 

“Mack Contribution and Exchange Agreement” means that certain Contribution and Exchange Agreement, dated September 18, 1997, between the MACK (as defined therein), Cali Realty Corporation and Cali Realty, L.P., as amended by that certain First Amendment to the Contribution and Exchange Agreement, dated December 11, 1997.

 

“Major Taking” has the meaning ascribed to such term in Section 11.2.

 

“Major Tenant” means the Tenants listed on Exhibit P hereto.

 

“Material Damage Event” has the meaning ascribed to such term in Section 11.1.

 

“MCRC” means Mack-Cali Realty Corporation, a Maryland Corporation and the sole general partner of Mack-Cali Realty, L.P., a Delaware limited partnership.

 

“MCRLP” means Mack-Cali Realty, L.P., a Delaware limited partnership.

 

“Mid-West Maintenance Association” means the Association known as the Mid-West Maintenance Corp. Association (formerly known as the Mid-Westchester Executive Park Maintenance Association or MWEP Maintenance Association).

 

“Mid-West Maintenance Corp. Association Documents” means collectively (i) that certain Mid-Westchester Executive Park Maintenance Association Declaration made as of July 30, 1981 recorded on

 

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August 5, 1981 in the Clerk’s Office in Liber 7716 of conveyances, at Page 104, as amended by First Amendment dated as of August 20, 1981 and recorded in the Clerk’s Office on August 21, 1981 in Liber 7720 of conveyances at Page 558,  Second Amendment dated as of January 10, 1990 and recorded in the Clerk’s Office on February 13, 1990 in Liber 9742 of conveyances at Page 324, Third Amendment dated as of February 9, 1990 and recorded in the Clerk’s Office on February 13, 1990 in Liber 9742 of conveyances at Page 332 and Fourth Amendment made as of January 1, 2013, recorded in the Clerk’s Office on March 27, 2013, Control Number 530093582 (collectively, as supplemented and amended, the “Mid-West Maintenance Declaration”), (ii) the By-Laws of the Mid-West Maintenance Association, and (iii) the rules and regulations for the Mid-West Maintenance Association established from time to time, if any, as any or all of the same may have been or may be amended and/or restated from time to time.

 

“Mid-Westchester Executive Park” means the executive park commonly known as the Mid-Westchester Executive Park, in the Town of Mount Pleasant, State of New York and consisting of the Property owned by Seller subject to this Agreement and subject to the Mid-West Maintenance Corp. Association Documents, as set forth on Schedule 1.1, as well as property owned by other parties not affiliated with Seller.

 

“Motor Vehicles” means those motor vehicles identified on Exhibit D-1 hereto.

 

“New Leasing Costs” has the meaning ascribed to such term in Section 10.4(e).

 

“New Objection Date” has the meaning ascribed to such term in Section 6.2(b).

 

“New Title Objection” has the meaning ascribed to such term in Section 6.2(b).

 

“Notice to Proceed” has the meaning ascribed to such term in Section 5.3(c).

 

“OP Unit Redemption Agreement” has the meaning ascribed to such term in Section 3.1(c).

 

“OP Unit Redemption Property” has the meaning ascribed to such term in Section 3.1(c).

 

“OP Unit Substituted Redemption Property” has the meaning ascribed to such term in Section 3.1(c).

 

“Operating Expenses” has the meaning ascribed to such term in Section 10.4(c).

 

“Other PSAs” means, collectively, (i) that certain Agreement of Sale and Purchase, dated as of even date hereof, between Seller’s affiliate, West Avenue Realty Associates L.L.C., as seller, and Purchaser, as purchaser, with respect to those certain real properties located in the Stamford Executive Park, known as 419 West Avenue, 500 West Avenue, 550 West Avenue, 600 West Avenue and 650 West Avenue, Stamford, Connecticut (as same may be amended and/or restated from time to time in accordance with its terms), and (ii) the OP Unit Redemption Agreement (as same may be amended and/or restated from time to time in accordance with its terms).

 

“Permitted Assignee” has the meaning ascribed to such term in Section 15.1.

 

“Permitted Exceptions” has the meaning ascribed to such term in Section 6.2(a).

 

“Permitted Outside Parties” has the meaning ascribed to such term in Section 5.2(b).

 

“Personal Property” means all of Seller’s right, title and interest in and to all equipment, appliances, tools, supplies, machinery, artwork, furnishings and other tangible personal property attached to, appurtenant to, located in and used in connection with the ownership or operation of the Improvements and situated at the Real Property at the time of Closing, specifically including, not by way of limitation, all

 

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excess materials and supplies and other “attic stock” in connection with the maintenance and operation of the Improvements and other equipment, and all personal property owned by Seller or any Seller Affiliate at the 100 Clearbrook Road offices of Seller’s Affiliate, but specifically excluding all personal property leased by Seller or owned by Tenants or others not affiliated with Seller.

 

“Preliminary Closing Statement” has the meaning ascribed to such term in Section 10.4(a).

 

“Property” has the meaning ascribed to such term in Section 2.1.

 

“Proration Items” has the meaning ascribed to such term in Section 10.4(a).

 

“Proration Time” has the meaning ascribed to such term in Section 10.4(a).

 

“Protected Information” has the meaning ascribed to such term in Section 5.2(a).

 

“Purchase Price” has the meaning ascribed to such term in Section 3.1.

 

“Purchaser’s Affiliates” means any (i) direct or indirect shareholder, partner, member, manager or owner of Purchaser; (ii) entity in which Purchaser or any direct or indirect shareholder, partner, member, manager or owner of Purchaser has an equity interest equal to or greater than ten percent (10%); (iii) entity that, directly or indirectly, controls, is controlled by or is under common control with Purchaser and (iv) the successors and assigns of any or all of the foregoing.

 

“Purchaser’s Information” has the meaning ascribed to such term in Section 5.3(c).

 

“Purchaser’s Transaction Costs” means up to $500,000.00 of the reasonable, out-of-pocket costs and expenses incurred by Purchaser, any Permitted Assignee, Purchaser’s Affiliates and/or HIG and its affiliates in connection with this Agreement and the transactions contemplated by this Agreement, including, without limitation, attorneys’ fees, due diligence expenses, and financing related fees and expenses, all of which must be evidenced by invoices or other documentation reflecting the amounts actually incurred.  Notwithstanding anything to the contrary in this Agreement or the Other PSAs, the $500,000.00 of such costs and expenses set forth in this definition is an aggregate amount to be applied with respect to Purchaser, any Permitted Assignee, Purchaser’s Affiliates and HIG and its affiliates under this Agreement and under the Other PSAs and may be reached solely under this Agreement or the Other PSAs, or partially under this Agreement and either of the Other PSAs.

 

“QI” has the meaning ascribed to such term in Section 10.7.

 

“Real Property” means individually and collectively the Fee Property and the Ground Leased Property, as applicable.

 

“Rental” has the meaning ascribed to such term in Section 10.4(b), and same are “Delinquent” in accordance with the meaning ascribed to such term in Section 10.4(b).

 

“Required Percentage” has the meaning ascribed to such term in Section 7.2.

 

“Right of Access and Confidentiality Agreement” means that certain Right of Access and Confidentiality Agreement, dated December 3, 2018, between Purchaser and Seller.

 

“RMC” means the Robert Martin Company, LLC.

 

“ROFO (Mack) Affidavit” has the meaning ascribed to such term in Section 7.5(b) and shall be in the form attached hereto as Exhibit Q.

 

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“ROFO (Mack) Notice” has the meaning ascribed to such term in Section 7.5(b).

 

“ROFO (Mack) Party” has the meaning ascribed to such term in Section 7.5(b).

 

“ROFO (Mack) Rights” has the meaning ascribed to such term in Section 7.5(b).

 

“ROFO (RM) Affidavit” has the meaning ascribed to such term in Section 7.5(a) and shall be in the form attached hereto as Exhibit R.

 

“ROFO (RM) Exception Condition” has the meaning ascribed to such term in Section 7.5(a).

 

“ROFO (RM) Party” has the meaning ascribed to such term in Section 7.5(a).

 

“ROFO (RM) Rights” has the meaning ascribed to such term in Section 7.5(a).

 

“Scheduled Closing Date” has the meaning ascribed to such term in Section 10.1.

 

“Second Amendment (RM)” has the meaning ascribed to such term in Section 7.5(a).

 

“Section 1031 Exchange” has the meaning ascribed to such term in Section 10.7.

 

“Security Deposits” means all security deposits (in the form of cash and/or a letter of credit) held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

 

“Seller’s Affiliates” means any past, present or future: (i) shareholder, partner, member, manager or owner of Seller; (ii) entity in which Seller or any past, present or future shareholder, partner, member, manager or owner of Seller has or had an interest; (iii) entity that, directly or indirectly, controls, is controlled by or is under common control with Seller and (iv) the heirs, executors, administrators, personal or legal representatives, successors and assigns of any or all of the foregoing.

 

“Service Contracts” means all service agreements, maintenance contracts, equipment leasing agreements, warranties, guarantees, bonds, construction contracts, open purchase orders and other contracts for the provision of labor, services, materials or supplies relating solely to the Real Property, Improvements or Personal Property that are currently in effect and to which Seller is a party, as listed and described on Exhibit F attached hereto, together with all renewals, supplements, amendments and modifications thereof, and any new such agreements entered into after the Effective Date, to the extent permitted by Section 7.1.  The Apex Agreements are not Service Contracts.

 

“Service Contract Termination Notices” has the meaning ascribed to such term in Section 10.2(h), and are to be delivered by Purchaser to certain service providers pursuant to Section 10.6.

 

“SNDA” has the meaning ascribed to such term in Section 7.4.

 

“SNDA Tenant” means each Tenant listed on Exhibit P hereto.

 

“South-West Maintenance Association” means the Association known as the South-West Maintenance Corp. Association (formerly known as the South Westchester Executive Park Maintenance Association or SWEP Maintenance Association).

 

“South-West Maintenance Corp. Association Documents” means collectively (i) that certain South Westchester Executive Park Maintenance Association Declaration dated May 3, 1982 recorded on May 5, 1982 in the Clerk’s Office in Liber 7763 of conveyances at page 408.  A Supplementary Declaration, made as of June 8, 1983, was recorded in the Clerk’s Office on June 13, 1983, in Liber 7837 of conveyances,

 

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at page 723. A second Supplementary Declaration, made as of August 15, 1983, was recorded in the Clerk’s Office on August 29, 1983, in Liber 7857 of conveyances, at page 375.  An Amended and Restated Supplementary Declaration, intended to amend and restate the First Supplement, made as of October 12, 1987, was recorded in the Clerk’s Office on November 12, 1987 in Liber 9025 of conveyances, at page 130.  A third Supplementary Declaration, made as of March 13, 1989, was recorded in the Clerk’s Office on March 15, 1989 in Liber 9476 of conveyances, at page 14. A fourth Supplementary Declaration, made as of August 23, 1989, was recorded in the Clerk’s Office on September 26, 1989 in Liber 9620 of conveyances, at page 115. A sixth Supplementary Declaration (including Supplementary Declaration No. 5 made as of August 11, 1999) of South Westchester Executive Park Maintenance Association was made as of August 25, 2005. A seventh Supplementary Declaration made as of September 12, 2006 was recorded in the Clerk’s Office on March 6, 2007, Control Number 470520171. An eighth Supplementary Declaration made as of February 28, 2008 was recorded in the Clerk’s Office on March 25, 2008, Control Number 480700651. A ninth Supplementary Declaration made as of December 17, 2015 was recorded in the Clerk’s Office on January 7, 2016, Control Number 560063178 (collectively, as supplemented and amended, the “South-West Maintenance Declaration”) (ii) the By-Laws of the South-West Maintenance Association, and (iii) the rules and regulations for the South-West Maintenance Association established from time to time, if any, as any or all of the same may have been or may be amended and/or restated from time to time..

 

“South Westchester Executive Park” means the executive park commonly known as the South Westchester Executive Park in the City of Yonkers, State of New York and consisting of the Property owned by Seller subject to this Agreement and subject to the South-West Maintenance Corp. Association Documents, as set forth on Schedule 1.1, as well as property owned by other parties not affiliated with Seller.

 

“Survey Objection” has the meaning ascribed to such term in Section 6.1.

 

“Talleyrand Maintenance Association” means Talley Maintenance Corp. (successor by assignment from Talleyrand Executive Park Maintenance Association, Inc.).

 

“Talleyrand Maintenance Association Documents” means collectively, (i) that certain Talleyrand Executive Park Maintenance Association Declaration dated as of June 23, 1982 recorded on July 9, 1982 in the Clerk’s Office in Liber 7774 of conveyances at Page 427, as amended by First Amendment dated as of November 15, 1983 and recorded in the Clerk’s Office on November 21, 1982 in Liber 7879 of conveyances at Page 191, Second Amendment dated as of November 16, 1984 and recorded in the Clerk’s Office on November 21, 1984 in Liber 7984 of conveyances at Page 467 and re-recorded in the Clerk’s Office on December 13, 1984 in Liber 7996 at Page 225, Third Amendment dated as of October 25, 1996 and recorded in the Clerk’s Office on December 19, 1996 in Liber 11616 of conveyances at Page 6, Fourth Amendment dated as of March 18, 1997 and recorded in the Clerk’s Office on June 9, 1997 in Liber 11739 at Page 217, and Fifth Amendment dated as of August 5, 1997 and recorded in the Clerk’s Office on September 17, 1997 in Liber 11814 at Page 15 (collectively, as supplemented and amended,  the “Talleyrand Maintenance Declaration”) (ii) the By-Laws of the Talleyrand Maintenance Association, and (iii) the rules and regulations for the Talleyrand Maintenance Association established from time to time, if any, as any or all of the same may have been or may be amended and/or restated from time to time.

 

“Talleyrand Executive Park” means the executive park commonly known as the Talleyrand Executive Park, in the Town of Greenburgh, State of New York and consisting of the Property owned by Seller subject to this Agreement and subject to the Talleyrand Maintenance Association Documents, as set forth on Schedule 1.1, as well as property owned by other parties not affiliated with Seller.

 

“Tax Protection Rights” has the meaning ascribed to such term in Section 7.5(a).

 

“Tenants” means the tenants, users, licensees or other occupants of the Real Property and Improvements who are parties to the Leases.

 

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“Tenant Estoppel” has the meaning ascribed to such term in Section 7.2.

 

“Tenant Notice Letters” has the meaning ascribed to such term in Section 10.2(g), and are to be delivered by Purchaser to Tenants pursuant to Section 10.6.

 

“Termination Surviving Obligations” means the rights, liabilities and obligations set forth in Sections 5.2, 5.3, 5.4, 7.5(a), 12.1, 16.1, 18.1, 18.2, 18.3, 18.4, 18.5, 18.6, 18.7, 18.8, 18.9, 18.10, 18.11, 18.12, Articles XIII and XIV, and any other provisions which pursuant to their terms survive any termination of this Agreement.

 

“Title Commitment” has the meaning ascribed to such term in Section 6.2(a).

 

“Title Company” means First American Title Insurance Company, as lead title insurer, and Commonwealth Land Title Insurance Company, as co-insurer under a so called “me too” endorsement for a 20% interest, or such other lead title company or co-insurer in addition to Commonwealth Land Title Insurance Company as Purchaser may select, in its sole and absolute discretion.

 

“Title Defect” has the meaning ascribed to such term in Section 6.3(a).

 

“Title Objection Date” has the meaning ascribed to such term in Section 6.2(a).

 

“Title Objections” has the meaning ascribed to such term in Section 6.2(a).

 

“Title Policy” means an ALTA extended coverage owner’s policy of title insurance covering the applicable Property in the full amount of the Purchase Price allocated to such Property, subject only to the Permitted Exceptions.

 

“Total Damage Event” has the meaning ascribed to such term in Section 11.1.

 

“Updated Survey” has the meaning ascribed to such term in Section 6.1.

 

“Violation Penalty Excess” has the meaning ascribed to such term in Section 6.3(c).

 

Section 1.2                                   References: Exhibits and Schedules.  Except as otherwise specifically stated, all references in this Agreement to Articles or Sections refer to Articles or Sections of this Agreement, and all references to Exhibits or Schedules refer to Exhibits or Schedules attached hereto, all of which Exhibits and Schedules are incorporated into, and made a part of, this Agreement by reference. The words “herein,” “hereof,” “hereinafter” and words and phrases of similar import refer to this Agreement as a whole and not to any particular Section or Article.

 

ARTICLE II

AGREEMENT OF PURCHASE AND SALE

 

Section 2.1                                   Agreement.  Seller hereby agrees to sell, convey and assign to Purchaser, and Purchaser hereby agrees to purchase and accept from Seller, on the Closing Date and subject to the terms and conditions of this Agreement, all of the following (collectively, the “Property”):

 

(a)                                 the Real Property;

 

(b)                                 the lessee’s interest in the Ground Lease;

 

(c)                                  the Improvements;

 

(d)                                 the Personal Property;

 

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(e)                                  the Motor Vehicles;

 

(f)                                   all of Seller’s right, title and interest as lessor in and to the Leases and, subject to the terms of the respective applicable Leases, the Security Deposits;

 

(g)                                  to the extent assignable, all of Seller’s right, title and interest in and to the Service Contracts and the Licenses and Permits; and

 

(h)                                 all of Seller’s right, title and interest, to the extent assignable or transferable, in and to all (if any) construction documents, “as built” plans and specifications and floor plans for the existing Improvements and landscape plans (including, without limitation any CAD files and drawings), surveys, environmental site assessments and warranties relating to and only to the extent reflecting current conditions at the Real Property (but specifically excluding any such items which may have been prepared for or identify potential capital improvements or development), marketing materials, electronic versions of all lease templates, maintenance and warranty records and all other intangible rights, titles, interests, privileges and appurtenances owned by Seller and related to or used exclusively in connection with the ownership, use or operation of the Real Property or the Improvements (but for the avoidance of doubt, expressly excluding the trade name “Mack-Cali” and the trademarks and logos of Mack-Cali Realty Corporation and/or Mack-Cali Realty, L.P.).

 

Section 2.2                                   Indivisible Economic Package.  Except as otherwise expressly provided in this Agreement for the removal of an individual property from this Agreement and the Closing, Purchaser has no right to purchase, and Seller has no obligation to sell, less than all of the Property, it being the express agreement and understanding of Purchaser and Seller that, as a material inducement to Seller and Purchaser to enter into this Agreement, Purchaser has agreed to purchase, and Seller has agreed to sell, all of the Property, subject to and in accordance with the terms and conditions hereof.  In addition, except as otherwise expressly provided in this Agreement for the removal of an individual Property from this Agreement and the Closing, the parties acknowledge that this Agreement is intended to effect the transfer of title to all the properties constituting the Real Property, and notwithstanding any reference in this Agreement to any singular property, building or parcel or any other similar reference implying that this Agreement relates to only one property, except as otherwise expressly provided in this Agreement for the removal of an individual property from this Agreement and the Closing, this Agreement shall be construed to relate to the transfer of title to all the properties constituting the Real Property (so that, provisions relating to the delivery of the Deed, Bill of Sale, and so forth, shall be construed to require a separate deed for each such property rather than a single deed, as well as separate bills of sale and the like), but all other references to the Property, Real Property, Personal Property or Improvements shall be deemed to refer to all of the Property, Real Property, Personal Property and Improvements in the aggregate.  Notwithstanding anything to the contrary in this Agreement, if Purchaser and/or the purchasers under the Other PSAs elect pursuant to the terms and conditions of this Agreement and/or the Other PSAs to remove (except pursuant to Section 13.1 hereof and thereof) individual Properties from this Agreement and the Closing and/or individual properties from the Other PSAs and the closings thereunder which, in the aggregate, have an Allocation of more than $50,000,000.00, then Seller shall have the right to terminate this Agreement by giving notice to Purchaser, and this Agreement shall terminate five (5) Business Days after the date of such termination notice and Purchaser shall have the right to receive a refund of the Earnest Money Deposit within one (1) Business Day following any such termination, and except with respect to the Termination Surviving Obligations, this Agreement shall be null and void and the parties shall have no further obligation to each other hereunder; provided that if within five (5) Business Days after the date of such termination notice Purchaser gives Seller notice revoking its prior decision(s) to remove one or more individual Properties from this Agreement and the Closing so that individual Properties and properties under the Other PSAs which, in the aggregate, have an Allocation of less than or equal to $50,000,000.00 remain so removed from this Agreement and the Closing and the Other PSAs and the closings thereunder, then Seller’s termination notice with respect to this Agreement shall be null and void, ab initio, and this Agreement shall continue in full force and effect.

 

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ARTICLE III

CONSIDERATION

 

Section 3.1                                   Purchase Price.  (a)                                   The purchase price for the Property (the “Purchase Price”) shall be Four Hundred Fifty-seven Million Five Hundred Thirteen Thousand Sixty and 00/100 Dollars ($457,513,060.00) in lawful currency of the United States of America, payable as provided in Section 3.2.  No portion of the Purchase Price shall be allocated to the Personal Property, except as otherwise may be required in connection with a Section 1031 Exchange.

 

(b)                                 The Purchase Price shall be allocated (the “Allocation”) among the Properties as set forth on Schedule 3.1. The Allocation shall be binding on the parties hereto, and neither Purchaser nor Seller (nor any of their respective affiliates) shall file any tax return or other document or otherwise take any position which is inconsistent with the Allocation, except as may be adjusted by subsequent agreement by Purchaser and Seller. The terms and conditions of this Section with respect to the Allocation shall survive the Closing.

 

(c)                                  Affiliates of the ROFO (RM) Party contributed certain Properties to MCRLP pursuant to the Contribution and Exchange Agreement (RM).  Pursuant to the Contribution and Exchange Agreement (RM), the ROFO (RM) Party intends to elect to redeem certain limited partnership interests in the form of operating partnership units of MCRLP held by the ROFO (RM) Party in exchange for the 85 Executive Boulevard Real Property and the 2 Executive Plaza Real Property (as may be substituted , the “OP Unit Redemption Property”) pursuant to an OP Unit Redemption Agreement, to be entered into before the expiration of the Evaluation Period, between MCRLP, Mack-Cali CW Realty Associates L.L.C., Mack-Cali So. West Realty Associates L.L.C., and the ROFO (RM) Party, to be in a form based on this Agreement and to be agreed to by such parties before the expiration of the Evaluation Period (the “OP Unit Redemption Agreement”); and when the OP Unit Redemption Agreement is executed and delivered Seller and Purchaser shall amend this Agreement to remove the OP Unit Redemption Property from this Agreement for inclusion in the OP Unit Redemption Agreement and reduce the Purchase Price by an amount equal to the Allocation for the OP Unit Redemption Property.  If after the OP Unit Redemption Agreement is in effect, the ROFO (RM) Party has elected to remove such original designated OP Unit Redemption Property pursuant to the terms and conditions of the OP Unit Redemption Agreement, Seller and Purchaser shall use commercially reasonable efforts, and work in good faith, to agree on an individual Property which is not an LKE Property (as the case may be, the “OP Unit Substituted Redemption Property”), to become the OP Unit Redemption Property; and Seller and Purchaser shall amend this Agreement to remove such individual Property from this Agreement for substitution into the OP Unit Redemption Agreement and reduce the Purchase Price by an amount equal to the Allocation for such individual Property.  Contemporaneously with the Closing, the ROFO (RM) Party will contribute the OP Unit Redemption Property to the Purchaser, including a direction for the OP Unit Redemption Property to be conveyed by a Deed directly from Seller to Purchaser.

 

Section 3.2                                   Method of Payment of Purchase Price.  No later than 3:00 p.m. Eastern Time on the Scheduled Closing Date, Purchaser shall pay the Purchase Price (less the Earnest Money Deposit; and after all adjustments, credits and prorations are made), together with all other costs and amounts to be paid by Purchaser at the Closing pursuant to the terms of this Agreement (“Purchaser’s Costs”), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent.  Escrow Agent, following authorization by the parties prior to 4:00 p.m. Eastern Time on the Scheduled Closing Date, shall pay: (i) to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price (after all adjustments, credits and prorations are made and the costs and amounts described in the immediately succeeding clause (ii) are deducted), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement; (ii) to the appropriate payees, out of the cash proceeds of Closing otherwise payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement; and (iii) to the appropriate payees at Closing pursuant to the terms of this Agreement, Purchaser’s Costs.

 

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ARTICLE IV

EARNEST MONEY DEPOSIT
 AND ESCROW INSTRUCTIONS

 

Section 4.1                                   The Earnest Money Deposit.  Within two (2) Business Days after the execution and delivery of this Agreement by Purchaser, Purchaser shall deposit with Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of Four Million Seven Hundred Thousand and 00/100 Dollars ($4,700,000.00) as an earnest money deposit on account of the Purchase Price (the “Initial Earnest Money Deposit”). TIME IS OF THE ESSENCE with respect to the deposit of the Initial Earnest Money Deposit.  If Purchaser provides a Notice to Proceed to Seller prior to the expiration of the Evaluation Period pursuant to Section 5.3(c) below, then within one (1) Business Day after the expiration of the Evaluation Period, Purchaser shall deposit the additional sum of Four Million Seven Hundred Thousand and 00/100 Dollars ($4,700,000.00) with Escrow Agent as an additional earnest money deposit on account of the Purchase Price (the “Additional Earnest Money Deposit”). TIME IS OF THE ESSENCE with respect to the deposit of the Additional Earnest Money Deposit.  The Initial Earnest Money Deposit and the Additional Earnest Money Deposit, together with any interest earned thereon, are hereinafter referred to individually and collectively as the “Earnest Money Deposit”.

 

Section 4.2                                   Escrow Instructions.  The Earnest Money Deposit shall be held in escrow by Escrow Agent in an interest-bearing account, in accordance with the provisions of Section 4.4 and Article XVII. In the event Purchaser provides a Notice to Proceed to Seller prior to the expiration of the Evaluation Period pursuant to Section 5.3(c) below, then the entire Earnest Money Deposit shall, except as otherwise provided herein, become non-refundable to Purchaser. In the event this Agreement is terminated prior to the expiration of the Evaluation Period pursuant to Section 5.3(c) below, then the Earnest Money Deposit shall be refunded to Purchaser within one (1) Business Day following such termination

 

Section 4.3                                   Designation of Certifying Person.  In order to assure compliance with the requirements of Section 6045 of the Internal Revenue Code of 1986, as amended (the “Code”), and any related reporting requirements of the Code, the parties hereto agree as follows:

 

(a)                                 Provided Escrow Agent shall execute a statement in writing (in form and substance reasonably acceptable to the parties hereunder) pursuant to which it agrees to assume all responsibilities for information reporting required under Section 6045(e) of the Code, Seller and Purchaser shall designate Escrow Agent as the person to be responsible for all information reporting under Section 6045(e) of the Code (the “Certifying Person”).  If Escrow Agent refuses to execute a statement pursuant to which it agrees to be the Certifying Person, Seller and Purchaser shall agree to appoint another third party as the Certifying Person.

 

(b)                                 Seller and Purchaser each hereby agree:

 

(i)                                     to provide to the Certifying Person all information and certifications regarding such party, as reasonably requested by the Certifying Person or otherwise required to be provided by a party to the transaction described herein under Section 6045 of the Code; and

 

(ii)                                  to provide to the Certifying Person such party’s taxpayer identification number and a statement (on Internal Revenue Service Form W-9 or an acceptable substitute form, or on any other form the applicable current or future Code sections and regulations might require and/or any form requested by the Certifying Person), signed under penalties of perjury, stating that the taxpayer identification number supplied by such party to the Certifying Person is correct.

 

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Section 4.4                                   Earnest Money Payable to HIG. Notwithstanding anything to the contrary in this Agreement or in the Other PSAs, (a) if Purchaser is entitled to a return of all or any portion of the “Earnest Money Deposit” in accordance with the terms and provisions of this Agreement and the Other PSAs as a result of the termination of this Agreement and the Other PSAs prior to the expiration of the Evaluation Period pursuant to Section 5.3(c) below and Section 5.3(c) of the Other PSAs, then one hundred percent (100%) of the “Earnest Money Deposit” under this Agreement and the Other PSAs (i.e., $4,000,000.00, together with any interest earned thereon) shall be paid by Escrow Agent directly to H.I.G. Realty Partners III (Onshore), L.P. and H.I.G. Realty Partners III (Offshore), L.P. (collectively, “HIG”) pursuant to the wire instructions attached hereto as Exhibit O (the “HIG Wire Instructions”), without the need for any demand or notice by or from HIG, and (b) if Purchaser is entitled to a return of all or any portion of the “Earnest Money Deposit” in accordance with the terms and provisions of this Agreement and the Other PSAs as a result of any other termination of this Agreement and the Other PSAs, then eighty percent (80%) (the “HIG Percentage”) of that portion of the “Earnest Money Deposit” to which Purchaser is so entitled under this Agreement and the Other PSAs shall be paid by Escrow Agent directly to HIG pursuant to the HIG Wire Instructions, without the need for any demand or notice by or from HIG. HIG, upon written notice given to Purchaser, Seller and Escrow Agent, shall have the right to change the HIG Percentage at any time prior to Closing or the earlier termination of this Agreement and the Other PSAs. Purchaser, Seller and Escrow Agent each hereby acknowledge and agree that HIG (i) is an intended third-party beneficiary of this Section and (ii) shall have the right to enforce the terms and provisions of this Section.

 

ARTICLE V

INSPECTION OF PROPERTY

 

Section 5.1                                   Evaluation Period. For a period ending at 6:00 p.m. Eastern Time on February 26, 2019 (the “Evaluation Period”), and continuing thereafter until Closing or the earlier termination of this Agreement, Purchaser, Purchaser’s Affiliates, HIG, its affiliates, and each of their authorized agents, lenders, consultants and representatives (for purposes of this Article V, the “Licensee Parties”) shall have the right, subject to the right of any Tenants, to enter upon the Real Property at all reasonable times during normal business hours to perform an inspection of the Property.  Purchaser will provide to Seller notice of the intention of Purchaser or the other Licensee Parties to enter the Real Property at least one (1) Business Day prior to such intended entry and specify the intended purpose therefor and the inspections and examinations (collectively, the “Investigations”) contemplated to be made and with whom any Licensee Party will communicate.  At Seller’s option, Seller may be present for any such entry and inspection. Purchaser shall not communicate with or contact any of the Tenants or any of the Authorities (except for the purposes of obtaining and generating due diligence reports and materials including, without limitation, due diligence regarding any Purchaser redevelopment plans) without the prior written consent of Seller not to be unreasonably withheld, conditioned or delayed.  Notwithstanding anything to the contrary contained herein, no physical testing or sampling which is more invasive than a Phase I environmental study shall be conducted during any such entry by Purchaser or any Licensee Party upon the Real Property without Seller’s specific prior written consent.  TIME IS OF THE ESSENCE with respect to the provisions of this Section 5.1.

 

Section 5.2                                   Document Review.

 

(a)                                 During the Evaluation Period, and continuing thereafter until Closing or the earlier termination of this Agreement, Purchaser and the Licensee Parties shall have the right to review, inspect and copy, at Purchaser’s sole cost and expense, all of the following which, to Seller’s Knowledge (as defined at the end of Section 8.1), are in Seller’s possession or control (collectively, the “Documents”): all existing environmental reports and studies of the Real Property and Improvements commissioned by Seller (which Purchaser shall have the right to have updated at Purchaser’s sole cost and expense), existing surveys of the Real Property, “as built” plans and specifications for the existing Improvements, operating statements, real estate tax bills, together with assessments (special or otherwise), ad valorem and personal property tax bills, and any tax agreements for payments in lieu of taxes covering the period of Seller’s

 

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ownership of the Property; Seller’s most current lease schedule in the form attached hereto as Exhibit G (the “Lease Schedule”); current operating statements; the Ground Leases, the Leases, Service Contracts, Licenses and Permits, the Association Documents, the Condominium Documents and all other documents used in connection with the operation or ownership of the Property except for the Protected Information.  Such inspections shall occur at a location selected by Seller, which may be at the office of Seller, Seller’s counsel, Seller’s property manager, at the Real Property or any of them, or some or all of the Documents may be delivered to Purchaser in electronic format or as hard copies or may be made available to Purchaser for review electronically.  Purchaser shall not have the right to review or inspect Seller’s materials which are attorney client privileged or which incorporate proprietary analytical or operational tools of Seller, MCRC, MCRLP or any of their respective affiliates and/or materials not directly related to the leasing, operation, maintenance and/or management of the Property, including, without limitation, Seller’s internal memoranda, financial projections, budgets, appraisals, proposals for work not actually undertaken, engineering reports and drawings, plans and specifications for possible capital projects or development, and accounting and tax records (other than operating statements) (collectively “Protected Information”) information.

 

(b)                                 Purchaser acknowledges that any and all of the Documents may be proprietary and confidential in nature and have been provided to Purchaser solely to assist Purchaser in determining the desirability of purchasing the Property.  Subject only to the provisions of Article XII, prior to Closing, Purchaser agrees not to disclose the contents of the Documents or the results of the Investigations or any of the provisions, terms or conditions contained therein to any party outside of Purchaser’s organization other than HIG, its affiliates, the Licensee Parties and Purchaser’s and HIG’s attorneys, partners, accountants, or prospective lenders and investors and their respective counsel and accountants (collectively, for purposes of this Section 5.2(b), the “Permitted Outside Parties”).  Purchaser further agrees that within its organization, and as to the Permitted Outside Parties, the Documents, the contents thereof, and/or the results of the Investigations will be disclosed and exhibited prior to Closing only to those persons within Purchaser’s organization or to those Permitted Outside Parties who are responsible for determining the desirability of Purchaser’s acquisition of the Property.  In permitting Purchaser and the Permitted Outside Parties to review the Documents and other information to assist Purchaser, Seller has not waived any privilege or claim of confidentiality with respect thereto, and no third party benefits or relationships of any kind, either express or implied, have been offered, intended or created by Seller, and any such claims are expressly rejected by Seller and waived by Purchaser and the Permitted Outside Parties, for whom, by its execution of this Agreement, Purchaser is acting as an agent with regard to such waiver.  Purchaser agrees prior to Closing that all such information shall be kept confidential by Purchaser and all Permitted Outside Parties and their respective employees, agents and contractors.  If prior to Closing disclosure of any of such confidential information is required pursuant to law, or pursuant to court or other administrative process, then Purchaser and all Permitted Outside Parties, as the case may be, shall give immediate written notice to Seller, specifying to whom and why such disclosure is required, and no such disclosure shall be made if Seller objects, unless and until a determination requiring the disclosure is made by a court of competent jurisdiction or Purchaser or one of the Permitted Outside Parties is advised by counsel that disclosure prior to such time is required by law.  Seller shall have the right to interpose all objections that Seller may have to the disclosure prior to Closing, and Purchaser shall, and shall make reasonable efforts to cause all Permitted Outside Parties and their respective employees, agents and contractors, at no cost to Seller, to reasonably cooperate prior to Closing with Seller in connection with such objections, including giving testimony and signing affidavits, certifications or other documentation as may be required by Seller, provided the information contained in the affidavits, certifications or other documentation is true and accurate.  Prior to the initial entry upon the Real Property and/or Improvements, Purchaser shall advise anyone acting on behalf of Purchaser, including the Permitted Outside Parties, of the terms of this confidentiality provision and their obligation to be bound by it.  This confidentiality provision shall survive the expiration or earlier termination of this Agreement, but shall not survive Closing. It is understood and agreed that any Documents provided hereunder or information contained therein shall not be deemed confidential if it is of public record or otherwise generally available to the public.

 

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(c)                                  Purchaser acknowledges that some of the Documents may have been prepared by third parties and may have been prepared prior to Seller’s ownership of the Property. PURCHASER HEREBY ACKNOWLEDGES THAT, EXCEPT AS EXPRESSLY SET FORTH HEREIN, SELLER HAS NOT MADE AND DOES NOT MAKE ANY REPRESENTATION OR WARRANTY REGARDING THE TRUTH, ACCURACY OR COMPLETENESS OF THE DOCUMENTS OR THE SOURCES THEREOF.  SELLER HAS NOT UNDERTAKEN ANY INDEPENDENT INVESTIGATION AS TO THE TRUTH, ACCURACY OR COMPLETENESS OF THE DOCUMENTS AND, EXCEPT AS EXPRESSLY SET FORTH HEREIN, IS PROVIDING THE DOCUMENTS SOLELY AS AN ACCOMMODATION TO PURCHASER.

 

Section 5.3                                   Entry and Inspection Obligations; Termination of Agreement.

 

(a)                                 Purchaser agrees that in entering upon and inspecting or examining the Property, Purchaser and the other Licensee Parties will not unreasonably disturb the Tenants or interfere with the use of the Property pursuant to the Leases; unreasonably interfere with the operation and maintenance of the Real Property or Improvements; damage any part of the Property or any personal property owned or held by Tenants or any other person or entity; injure or otherwise cause bodily harm to Seller or any Tenant, or to any of their respective agents, guests, invitees, contractors and employees, or to any other person or entity; or permit any liens to attach to the Property by reason of the exercise of Purchaser’s rights under this Article V.  Purchaser will furnish or cause to be furnished to Seller evidence of, and will cause to be maintained and kept in effect, without expense to Seller, at all times that any entry is made upon the Property: (1) insurance against claims for personal injury (including death), and property damage, under a policy or policies of general public liability insurance of not less than One Million Dollars ($1,000,000) in respect to bodily injury (including death), and not less than Five Million Dollars ($5,000,000) of excess liability insurance, naming Seller and its mortgagee, if any, MCRLP and MCRC, as additional insureds; (2) adequate workers’ compensation insurance in statutory limits to cover employees of Purchaser and, to the extent applicable, any Licensee Parties that plan to enter onto the Real Property; and (3) if entry upon the Real Property is for purposes of any invasive testing or sampling, errors and omissions insurance and contractor’s pollution liability insurance of not less than Three Million Dollars ($3,000,000), naming Seller and its mortgagee, if any, MCRLP, and MCRC, as additional insureds.  Each of the policies described in clauses (1) and (3) above shall be on an occurrence basis and not on a claims made basis and shall provide that such policy cannot be canceled without at least thirty (30) days prior written notice to Seller, and each policy shall be issued by a recognized, responsible insurance company licensed to do business in the State of New York.  Proof of payment of the premium of each policy and each replacement policy shall also be delivered to Seller.  Purchaser shall: (i) promptly pay when due the costs of all entry, inspections and examinations done with regard to the Property; (ii) cause any inspection to be conducted in accordance with standards customarily employed in the industry and in compliance with all Governmental Regulations; and (iii) restore any portion of the Real Property and Improvements damaged by such inspections, testing, sampling, inspections and examination to the condition in which the same were found before any such damage.

 

(b)                                 Purchaser hereby indemnifies, defends and holds Seller and its partners, agents, directors, officers, employees, successors and assigns harmless from and against any and all liens, claims, causes of action, damages, liabilities, demands, suits, and obligations to third parties, together with all losses, penalties, costs and expenses relating to any of the foregoing (including but not limited to court costs and reasonable attorneys’ fees and expenses), arising out of any inspections, investigations, examinations, sampling or tests conducted by Purchaser or any of the Licensee Parties on the Property, whether prior to the date hereof or after the date hereof and prior to Closing, or any violation of the provisions of this Article V; provided, however, this indemnity shall not extend to protect Seller from any pre-existing liabilities for matters merely discovered by Purchaser (e.g., latent environmental contamination).

 

(c)                                  Prior to the expiration of the Evaluation Period, Purchaser shall determine (in its sole discretion) whether it wants to proceed with the transactions set forth in this Agreement.  If Purchaser

 

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elects (in its sole discretion) to proceed with the transactions set forth in this Agreement, it shall do so by providing written notice to Seller of its election to proceed with the transactions set forth in this Agreement (such notice, a “Notice to Proceed”) by no later than 6:00 p.m. (Eastern Time) on the last day of the Evaluation Period, WITH TIME BEING OF THE ESSENCE WITH RESPECT THERETO. If Purchaser provides a Notice to Proceed to Seller, then Purchaser shall have no right to rescind such Notice to Proceed or to otherwise terminate this Agreement before the expiration of the Evaluation Period, except as otherwise expressly set forth in this Agreement. If Purchaser fails (for any reason or no reason whatsoever) to timely provide a Notice to Proceed to Seller, Purchaser shall be deemed to have elected not to proceed with the transactions set forth in this Agreement and this Agreement shall be thereby deemed to be terminated effective immediately prior to the expiration of the Evaluation Period. Without limiting the foregoing, Purchaser shall have the right to elect (in its sole discretion) to terminate this Agreement (for any or no reason whatsoever) at any time prior to the expiration of the Evaluation Period by providing Seller with a written termination notice to that effect at any time prior to the expiration of the Evaluation Period. In the event this Agreement terminates in accordance with this Section 5.3(c), Purchaser shall have the right to receive a refund of the Earnest Money Deposit within one (1) Business Day following any such termination, and except with respect to the Termination Surviving Obligations, this Agreement shall be null and void and the parties shall have no further obligation to each other hereunder. In the event this Agreement is terminated for any reason, upon written request from Seller, Purchaser shall promptly return to Seller or destroy with a written certification delivered to Seller that such documents have been destroyed all copies Purchaser has made of the Documents and, except in the case of Seller’s default, upon written request from Seller, Purchaser to its knowledge, shall promptly deliver to Seller true and complete copies, without any representation or warranty by Purchaser, of all third party studies, reports or test results regarding any part of the Property obtained by Purchaser (excluding any studies, reports or test results which would be Protected Information with respect to Purchaser), before or after the execution of this Agreement, in connection with Purchaser’s inspection of the Property (collectively, “Purchaser’s Information”). Seller and Purchaser agree that any termination of either of the Other PSAs by the purchaser thereunder prior to the expiration of the evaluation period under such Other PSA shall automatically terminate this Agreement.

 

(d)                                 In the event that this Agreement is not terminated pursuant to Section 5.3(c) above, then prior to the expiration of the Evaluation Period, Purchaser may notify Seller in writing of any assignable warranties that Purchaser wants Seller to assign to Purchaser at or promptly after Closing and (y) any Service Contracts that Purchaser wants to terminate pursuant to Section 7.1(c), WITH TIME BEING OF THE ESSENCE WITH RESPECT TO SUCH NOTICE.  Failure to provide a notice shall be deemed an election by Purchaser to take an assignment of all warranties and to not terminate any Service Contracts.

 

(e)                                  The Right of Access and Confidentiality Agreement continues to govern and apply to all access to the Property, inspections, investigations, examinations, sampling or tests conducted by Purchaser or any of the Licensee Parties, except that the terms and conditions of this Section 5.3 shall govern, apply and supersede to the extent of any express inconsistency with the terms and conditions of the Right of Access and Confidentiality Agreement, and in such case, such terms and conditions of this Section 5.3 shall relate back prior to the date of this Agreement to the date of the Right of Access and Confidentiality Agreement.

 

(f)                                   In the event that Purchaser provides a Notice to Proceed to Seller in accordance with the provisions of Section 5.3(c) herein, Seller shall continue to afford Purchaser reasonable access to the Property and the Documents in accordance with, and subject to, the terms hereof.

 

Section 5.4                                   Sale “As Is”. THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT HAS BEEN NEGOTIATED BETWEEN SELLER AND PURCHASER. THIS AGREEMENT REFLECTS THE MUTUAL AGREEMENT OF SELLER AND PURCHASER, AND PURCHASER HAS THE RIGHT TO CONDUCT ITS OWN INDEPENDENT EXAMINATION OF THE PROPERTY. OTHER THAN THE MATTERS REPRESENTED AND/OR WARRANTED TO BY SELLER IN THIS AGREEMENT OR IN ANY CLOSING

 

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DOCUMENT, BY WHICH ALL OF THE FOLLOWING PROVISIONS OF THIS SECTION 5.4 ARE LIMITED, PURCHASER HAS NOT RELIED UPON AND WILL NOT RELY UPON, EITHER DIRECTLY OR INDIRECTLY, ANY REPRESENTATION OR WARRANTY OF SELLER OR ANY OF SELLER’S AGENTS OR REPRESENTATIVES, AND PURCHASER HEREBY ACKNOWLEDGES THAT NO SUCH REPRESENTATIONS OR WARRANTIES HAVE BEEN MADE.

 

SELLER SPECIFICALLY DISCLAIMS, AND NEITHER SELLER NOR ANY OF SELLER’S AFFILIATES NOR ANY OTHER PERSON IS MAKING, ANY REPRESENTATION, WARRANTY OR ASSURANCE WHATSOEVER TO PURCHASER, AND NO WARRANTIES OR REPRESENTATIONS OF ANY KIND OR CHARACTER, EITHER EXPRESS OR IMPLIED, ARE MADE BY SELLER OR RELIED UPON BY PURCHASER, IN EACH CASE EXCEPT AS EXPRESSLY MADE BY SELLER IN THIS AGREEMENT OR IN ANY CLOSING DOCUMENT, WITH RESPECT TO THE STATUS OF TITLE TO OR THE MAINTENANCE, REPAIR, CONDITION, DESIGN OR MARKETABILITY OF THE PROPERTY, OR ANY PORTION THEREOF, INCLUDING BUT NOT LIMITED TO (a) ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY, (b) ANY IMPLIED OR EXPRESS WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, (c) ANY IMPLIED OR EXPRESS WARRANTY OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS, (d) ANY RIGHTS OF PURCHASER UNDER APPROPRIATE STATUTES TO CLAIM DIMINUTION OF CONSIDERATION, (e) ANY CLAIM BY PURCHASER FOR DAMAGES BECAUSE OF DEFECTS, WHETHER KNOWN OR UNKNOWN, WITH RESPECT TO THE IMPROVEMENTS OR THE PERSONAL PROPERTY, (f) THE FINANCIAL CONDITION OR PROSPECTS OF THE PROPERTY AND (g) THE COMPLIANCE OR LACK THEREOF OF THE REAL PROPERTY OR THE IMPROVEMENTS WITH GOVERNMENTAL REGULATIONS, INCLUDING, WITHOUT LIMITATION, ENVIRONMENTAL LAWS, NOW EXISTING OR HEREAFTER ENACTED OR PROMULGATED, IT BEING THE EXPRESS INTENTION OF SELLER AND PURCHASER THAT, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT OR IN ANY CLOSING DOCUMENT, THE PROPERTY WILL BE CONVEYED AND TRANSFERRED TO PURCHASER IN ITS PRESENT CONDITION AND STATE OF REPAIR, “AS IS” AND “WHERE IS,” WITH ALL FAULTS.  PURCHASER REPRESENTS THAT IT IS A KNOWLEDGEABLE, EXPERIENCED AND SOPHISTICATED PURCHASER OF REAL ESTATE, AND THAT IT IS RELYING SOLELY ON ITS OWN EXPERTISE AND THAT OF PURCHASER’S CONSULTANTS IN PURCHASING THE PROPERTY.  PURCHASER HAS BEEN GIVEN A SUFFICIENT OPPORTUNITY HEREIN TO CONDUCT AND HAS CONDUCTED OR WILL CONDUCT SUCH INSPECTIONS, INVESTIGATIONS AND OTHER INDEPENDENT EXAMINATIONS OF THE PROPERTY AND RELATED MATTERS AS PURCHASER DEEMS NECESSARY, INCLUDING, BUT NOT LIMITED TO, THE PHYSICAL AND ENVIRONMENTAL CONDITIONS THEREOF, AND WILL RELY UPON SAME AND NOT UPON ANY STATEMENTS OF SELLER (EXCLUDING THE MATTERS REPRESENTED AND/OR WARRANTED TO BY SELLER IN THIS AGREEMENT OR IN ANY CLOSING DOCUMENT) NOR OF ANY OFFICER, DIRECTOR, EMPLOYEE, AGENT OR ATTORNEY OF SELLER. PURCHASER ACKNOWLEDGES THAT ALL INFORMATION OBTAINED BY PURCHASER WAS OBTAINED FROM A VARIETY OF SOURCES, AND SELLER WILL NOT BE DEEMED TO HAVE REPRESENTED OR WARRANTED, EXCEPT AS EXPRESSLY PROVIDED BY SELLER IN THIS AGREEMENT OR IN ANY CLOSING DOCUMENT, THE COMPLETENESS, TRUTH OR ACCURACY OF ANY OF THE DOCUMENTS OR OTHER SUCH INFORMATION HERETOFORE OR HEREAFTER FURNISHED TO PURCHASER.  UPON CLOSING, PURCHASER WILL ASSUME THE RISK THAT ADVERSE MATTERS, INCLUDING, BUT NOT LIMITED TO, ADVERSE PHYSICAL AND ENVIRONMENTAL CONDITIONS, MAY NOT HAVE BEEN REVEALED BY PURCHASER’S INSPECTIONS AND INVESTIGATIONS. PURCHASER ACKNOWLEDGES AND AGREES THAT, UPON CLOSING, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT OR IN ANY CLOSING

 

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DOCUMENT, SELLER WILL SELL AND CONVEY TO PURCHASER, AND PURCHASER WILL ACCEPT THE PROPERTY, “AS IS, WHERE IS,” WITH ALL FAULTS. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT THERE ARE NO ORAL AGREEMENTS, WARRANTIES OR REPRESENTATIONS COLLATERAL TO OR AFFECTING THE PROPERTY BY SELLER, ANY AGENT OF SELLER OR ANY THIRD PARTY. SELLER IS NOT LIABLE OR BOUND IN ANY MANNER BY ANY ORAL OR WRITTEN STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE PROPERTY FURNISHED BY ANY REAL ESTATE BROKER, AGENT, EMPLOYEE OR OTHER PERSON, UNLESS THE SAME ARE SPECIFICALLY SET FORTH OR REFERRED TO HEREIN OR IN ANY CLOSING DOCUMENT. PURCHASER ACKNOWLEDGES THAT THE PURCHASE PRICE REFLECTS THE “AS IS, WHERE IS” NATURE OF THIS SALE AND ANY FAULTS, LIABILITIES, DEFECTS OR OTHER ADVERSE MATTERS THAT MAY BE ASSOCIATED WITH THE PROPERTY.  PURCHASER, WITH PURCHASER’S COUNSEL, HAS FULLY REVIEWED THE DISCLAIMERS AND WAIVERS SET FORTH IN THIS AGREEMENT AND UNDERSTANDS THEIR SIGNIFICANCE AND AGREES THAT THE DISCLAIMERS AND OTHER AGREEMENTS SET FORTH HEREIN ARE AN INTEGRAL PART OF THIS AGREEMENT, AND THAT SELLER WOULD NOT HAVE AGREED TO SELL THE PROPERTY TO PURCHASER FOR THE PURCHASE PRICE WITHOUT THE DISCLAIMERS AND OTHER AGREEMENTS SET FORTH IN THIS AGREEMENT.

 

PURCHASER AND PURCHASER’S AFFILIATES FURTHER COVENANT AND AGREE, EXCEPT AS EXPRESSLY PERMITTED AND LIMITED PURSUANT TO THIS AGREEMENT, NOT TO SUE SELLER AND SELLER’S AFFILIATES ON, AND RELEASE SELLER AND SELLER’S AFFILIATES OF AND FROM, AND WAIVE, ANY CLAIM OR CAUSE OF ACTION, INCLUDING, WITHOUT LIMITATION, ANY STRICT LIABILITY CLAIM OR CAUSE OF ACTION, THAT PURCHASER OR PURCHASER’S AFFILIATES MAY HAVE AGAINST SELLER OR SELLER’S AFFILIATES UNDER ANY ENVIRONMENTAL LAW, NOW EXISTING OR HEREAFTER ENACTED OR PROMULGATED, RELATING TO ENVIRONMENTAL MATTERS OR ENVIRONMENTAL CONDITIONS IN, ON, UNDER, ABOUT OR MIGRATING FROM OR ONTO THE REAL PROPERTY, INCLUDING, WITHOUT LIMITATION, THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT, OR BY VIRTUE OF ANY COMMON LAW RIGHT, NOW EXISTING OR HEREAFTER CREATED, RELATED TO ENVIRONMENTAL CONDITIONS OR ENVIRONMENTAL MATTERS IN, ON, UNDER, ABOUT OR MIGRATING FROM OR ONTO THE REAL PROPERTY. THE TERMS AND CONDITIONS OF THIS SECTION 5.4 WILL EXPRESSLY SURVIVE THE TERMINATION OF THIS AGREEMENT OR THE CLOSING, AS THE CASE MAY BE, AND WILL NOT MERGE WITH THE PROVISIONS OF ANY CLOSING DOCUMENTS AND ARE HEREBY DEEMED INCORPORATED INTO THE DEED AS FULLY AS IF SET FORTH AT LENGTH THEREIN.

 

ARTICLE VI

TITLE AND SURVEY MATTERS

 

Section 6.1                                   Survey.  Purchaser acknowledges receipt of the Existing Survey.  Any modification, update or recertification of the Existing Survey or any new survey shall be at Purchaser’s election and sole cost and expense.  Any new survey or update of the Existing Survey that Purchaser has elected to obtain is herein referred to as the “Updated Survey.”  Any new material matters disclosed on the Updated Survey (i.e., not disclosed on the Existing Survey) shall constitute a “Survey Objection” under this Agreement if Purchaser objects to same in writing on or before the Title Objection Date (as defined in Section 6.2(a) below), WITH TIME BEING OF THE ESSENCE.

 

Section 6.2                                   Title Commitment.  (a)       Purchaser acknowledges receipt of the Commonwealth Title Commitment. If Purchaser elects to use a title company other than Commonwealth

 

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Land Title Insurance Company, prior to the Effective Date, Purchaser shall have ordered from the Title Company a title insurance commitment for an Owner’s Title Insurance Policy (the “Title Commitment”). If Purchaser elects to use Commonwealth Land Title Insurance Company as the Title Company, within two (2) Business Days after the Effective Date, Purchaser shall order from the Title Company an update to said Commonwealth Title Commitment.  Prior to the expiration of the Evaluation Period (the “Title Objection Date”), Purchaser shall notify Seller in writing of any (i) exceptions to title to the Real Property raised by the Title Company if Purchaser deems same unacceptable (“Title Objections”) and (ii) Survey Objections.  In the event Seller does not receive notice of any Title Objections or Survey Objections by the Title Objection Date, Purchaser will be deemed to have accepted the exceptions to title set forth in the Title Commitment, and such exceptions shall constitute “Permitted Exceptions”, and all matters shown on the Updated Survey.  TIME SHALL BE OF THE ESSENCE WITH RESPECT TO THE TITLE OBJECTION DATE.

 

(b)                                 By the date (the “New Objection Date”) which is five (5) Business Days after Purchaser’s counsel receives notice of any (i) new exception to title to the Real Property recorded in the land records or arising after the effective date of the Title Commitment or (ii) new material matter first disclosed in any update to the Updated Survey after the Title Objection Date, as the case may be, and prior to the Closing (or as promptly as possible prior to the Closing if such notice is received with less than five (5) Business Days prior to the Closing), Purchaser shall provide Seller with written notice of its objection to such new exception if Purchaser deems same unacceptable (“New Title Objection”). TIME SHALL BE OF THE ESSENCE WITH RESPECT TO THE NEW OBJECTION DATE.  In the event Seller does not receive the New Title Objection by the New Objection Date, Purchaser will be deemed to have accepted the applicable exceptions to title set forth on any applicable update to the Title Commitment as Permitted Exceptions.

 

(c)                                  All taxes, water rates or charges, sewer rents and assessments, plus interest and penalties thereon, which on the Closing Date are liens against the Real Property and which Seller is obligated to pay and discharge will be credited against the Purchase Price (subject to the provision for apportionment of taxes, water rates and sewer rents herein contained) and shall not be deemed a Title Objection.  If on the Closing Date there shall be security interests filed against the Real Property, such items shall not be Title Objections if (i) the personal property covered by such security interests are no longer in or on the Real Property; (ii) such personal property is the property of a Tenant, and Seller executes and delivers an affidavit to such effect; or (iii) the security interest was filed more than five (5) years prior to the Closing Date and was not renewed; and in addition, as a result thereof or otherwise, the Title Company omits such security interest as an exception from the Title Commitment.

 

(d)                                 If on the Closing Date the Real Property shall be affected by any lien which, pursuant to the provisions of this Agreement, is required to be discharged or satisfied by Seller, Seller shall not be required to discharge or satisfy the same of record provided the money necessary to satisfy the lien is retained by the Title Company at Closing to be applied to satisfy such lien at Closing, or Seller provides an indemnity from MCRLP in form and substance satisfactory to the Title Company, the Title Company omits the lien as an exception from the Title Commitment without additional premium or cost to Purchaser, and Purchaser’s lender does not object to such omission based on such indemnity and a credit is given to Purchaser for the recording charges for a satisfaction or discharge of such lien.

 

(e)                                  No franchise, transfer, inheritance, income, corporate or other tax open, levied or imposed against Seller or any former owner of the Real Property, that may be a lien against the Property on the Closing Date, shall be an objection to title if the Title Company insures against collection thereof from or out of the Real Property and/or the Improvements, and provided further that Seller deposits with the Title Company a sum reasonably sufficient to secure a release of the Real Property from the lien thereof or an indemnity agreement reasonably satisfactory to the Title Company, the Title Company omits the lien as an exception from the Title Commitment and Purchaser’s lender does not object to such omission based on such indemnity agreement. If any such tax issue is not resolved within sixty (60) days of after Closing,

 

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the Title Company shall, at Purchaser’s direction use any escrowed funds to satisfy such tax.  If a search of title discloses judgments, bankruptcies, or other returns against other persons having names the same as or similar to that of Seller, Seller will deliver to Purchaser and the Title Company an affidavit stating that such judgments, bankruptcies or other returns do not apply to Seller, and, so long as the Title Company omits the same as an exception from the Title Commitment without additional premium or cost to Purchaser, such search results shall not be deemed Title Objections.

 

Section 6.3                                   Title Defect.

 

(a)                                 In the event Seller receives notice of any Survey Objection or Title Objection within the time periods required under Sections 6.1 and 6.2 above (collectively and individually, a “Title Defect”), Seller may elect (but shall not be obligated) to attempt to remove, or cause to be removed at its expense, any such Title Defect, and shall provide Purchaser with notice, within seven (7) days after its receipt of any such objection, of its intention to attempt to cure any such Title Defect.  Failure to respond within such seven (7) day period shall be deemed an election by Seller to attempt to cure such objection.  If Seller elects or is deemed to have elected to attempt to cure any Title Defect, (i) the Closing shall not occur any earlier than five (5) Business Days after Seller has cured the Title Defect and given Purchaser notice thereof, and (ii) the Scheduled Closing Date, to the extent elected by Seller, shall be extended, for a period not to exceed fifteen (15) days, for the purpose of attempting such removal.  In the event that (A) Seller elects not to attempt to cure any such Title Defect, or (B) Seller is unable to cure any such Title Defect for any period elected by Seller but not to exceed fifteen (15) days from the Scheduled Closing Date, Seller shall so advise Purchaser, and Purchaser shall have the right to (1) waive such Title Defect and proceed to the Closing, or (2) amend this Agreement to remove the individual Property that Seller is unable to convey free and clear of Title Defects and reduce the Purchase Price by an amount equal to the Allocation for such Property. Purchaser shall make such election within ten (10) days of receipt of Seller’s notice.  Failure to so elect within such ten (10) day period shall be deemed an election under clause (2) above.  If Purchaser elects to proceed to the Closing, any Title Defects waived by Purchaser shall be deemed to constitute Permitted Exceptions.

 

(b)                                 Notwithstanding any provision of this Article VI to the contrary, Seller will be obligated to cure exceptions to title to the Property, regardless of notice from Purchaser, in the manner described above, (i) relating to liens and security interests securing any financings to Seller, (ii) any mechanic’s liens resulting from work at the Property commissioned by Seller, (iii) any other liens against the Property based on claims against Seller, or against any tenant unless such tenant is obligated under its lease to discharge such lien (by payment or filing a bond or otherwise as permitted by law), which may be cured by the payment of up to three-quarters of one percent (0.75%) of the Allocation for a particular Property, in the aggregate, with respect to all liens described in this clause (iii) which affect such Property; however up to, in the aggregate with respect to all liens described in this clause (iii), three-quarters of one percent (0.75%) of the Purchase Price, and (iv) any exceptions or encumbrances to title created by Seller or any Seller’s Affiliate after the Effective Date.  Purchaser shall have the right to apply any portion of the Purchase Price at Closing to satisfy, cure and discharge any of the liens, security interests and encumbrances that Seller is required to cure pursuant to this Section 6.3(b).  Notwithstanding anything to the contrary in this Agreement or the Other PSAs, the mandatory cure cap set forth as to all liens described in clause (iii) of this Section 6.3(b) (i.e., three-quarters of one percent (0.75%) of the Purchase Price) is an aggregate amount to be applied with respect to Seller under this Agreement and the seller under the Other PSAs and may be reached solely under this Agreement or either of the Other PSAs, or partially under this Agreement and the Other PSAs.

 

(c)                                  Purchaser shall accept title to the Real Property subject to any and all violations, provided that Seller shall, at or prior to Closing, pay any outstanding fines, penalties and interest thereon up to an aggregate amount of $750,000.00 which are in liquidated sums on the face of such violations.  In the event that there are such amounts outstanding in excess of $750,000.00 (the “Violation Penalty Excess”), Purchaser may, within three (3) Business Days after being notified or obtaining knowledge that

 

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such Violation Penalty Excess exists or, if sooner, before Closing, (i) waive such Violation Penalty Excess and proceed to the Closing, or (ii) amend this Agreement to remove the individual Property(ies) affected by such Violation Penalty Excess and reduce the Purchase Price by an amount equal to the Allocation for such Property(ies); provided, however, if Purchaser exercises the foregoing Property(ies) removal right, Seller may within three (3) Business Days thereafter or, if sooner, before Closing agree to also pay the Violation Penalty Excess in which case the Purchaser’s election to remove such Property(ies) shall be null and void, ab initio, and this Agreement shall continue in full force and effect with Seller obligated to also pay the Violation Penalty Excess.  Notwithstanding anything to the contrary in this Agreement or the Other PSAs, the $750,000.00 mandatory violation penalty payment cap set forth in this Section 6.3(c) is an aggregate amount to be applied with respect to Seller under this Agreement and the seller under the Other PSAs and may be reached solely under this Agreement or either of the Other PSAs, or partially under this Agreement and the Other PSAs.

 

ARTICLE VII

INTERIM OPERATING COVENANTS AND ESTOPPELS

 

Section 7.1                                   Interim Operating Covenants.  Seller makes the following covenants to Purchaser:

 

(a)                                 Operations.  From the Effective Date until Closing:

 

Seller will continue to operate, manage and maintain the Real Property and the Improvements in the ordinary course of Seller’s business and substantially in accordance with Seller’s present practice, subject to ordinary wear and tear and further subject to Article XI of this Agreement, and not postpone any regularly scheduled maintenance as a result of this transaction.  Seller shall comply in all material respects with its obligations, as landlord, under all Leases.  Seller shall not amend, renew, extend or terminate any existing Lease, or enter into any new Lease without Purchaser’s prior written consent, which consent may be given or denied in Purchaser’s sole discretion.  After January 25, 2019, Seller shall not initiate or settle any tax appeal for the tax year in which the Closing is scheduled to occur or tax years thereafter, without Purchaser’s prior written consent, which consent may be given or denied in Purchaser’s sole discretion.  Seller shall not have the right to prosecute or settle any tax appeals for tax years prior to the year in which the Closing occurs without Purchaser’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Seller shall maintain in full force and effect all insurance policies currently in effect with respect to the Property.  Seller shall comply in all material respects with its obligations under all Ground Leases, Condominium Documents and Association Agreements.  Seller shall not amend, modify, renew, extend, terminate, or enter into any new agreements with respect to, any Ground Lease, Condominium Document or Association Document without Purchaser’s prior written consent, which consent may be given or denied in Purchaser’s sole discretion.

 

(b)                                 Compliance with Governmental Regulations. From the Effective Date until Closing, Seller will not knowingly take any, or refrain from taking, action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller will have the right to contest any such Governmental Regulations in a manner that is not adverse to any Property.

 

(c)                                  Service Contracts. From the expiration of the Evaluation Period until Closing, Seller will not (i) enter into any Service Contract unless such Service Contract is on terms substantially the same as the Service Contract which it is replacing and is terminable on thirty (30) days’ notice without penalty or unless Purchaser consents thereto in writing, which approval will not be unreasonably withheld, delayed or conditioned or (ii) terminate any Service Contracts unless Purchaser consents thereto in writing, which approval will not be unreasonably withheld, delayed or conditioned.  On or before the expiration of the Evaluation Period, Purchaser shall notify Seller in writing of any Service Contracts which Purchaser wants to terminate on or after the Closing Date, to the extent the same can be terminated, WITH TIME BEING

 

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OF THE ESSENCE WITH RESPECT TO SUCH NOTICE.  At Closing, Purchaser shall assume all Service Contracts. Seller shall deliver to Purchaser at Closing a termination letter from Purchaser with respect to any Service Contracts which Purchaser has so identified for termination on or after the Closing Date, to the extent the same can be terminated (collectively, the “Service Contracts Termination Notices”).  Any and all costs accruing on or after the Closing Date under any Service Contract, whether or not terminated by Purchaser on or after the Closing Date, shall be borne entirely by Purchaser.

 

(d)                                 Notices. To the extent received by Seller from the Effective Date until Closing, Seller shall promptly deliver to Purchaser copies of any written notice (i) from a Tenant, any ground lessor under a Ground Lease or any Association, or (ii) that alleges a violation of any Governmental Regulations.

 

(e)                                  No Advance Rent.  Seller has not sent invoices to or charged Tenants for and, without Purchaser’s prior written consent, will not (except if otherwise expressly provided in a Lease and subject to proper apportionment thereof in accordance with this Agreement) send invoices to or charge Tenants for so called fixed or base rent (for avoidance of doubt not to include any security deposits, additional rent, percentage rent or any other type of rent) more than one month in advance.  However, if any such fixed or base rent is nevertheless paid to Seller, such rent shall be subject to proper apportionment thereof in accordance with this Agreement.

 

(f)                                   Bill and Invoices.  Seller shall remain responsible after the Closing for all bills and invoices received by Seller for labor, goods and materials, services and utility charges contracted for by Seller for its own account with respect to the Property for which Seller is responsible relating to the period prior to Closing and otherwise subject to apportionment and/or Purchaser’s assumption thereof pursuant to the terms and conditions of this Agreement and/or the Closing documents executed by Purchaser.

 

(g)                                  No Alteration.  Subject to rights of tenants and landlord’s obligations under the applicable Lease, Seller shall not undertake or perform or allow to be undertaken or performed any construction, demolition, alteration or similar activities of or at the Real Property, except in connection with any repair and/or replacement work, which shall be performed by Seller as necessary in order to keep and maintain the Real Property in good order and repair.

 

(h)                                 No Transfers Encumbrances.  Between the Effective Date and Closing, Seller (i) shall not sell or otherwise transfer, or permit the sale or transfer of, the Property or any portion thereof and (ii) shall not subject the Property to, or consent to the Property becoming subject to, any liens, encumbrances, covenants, conditions, easements, rights of way, agreements or other similar matters.

 

Section 7.2                                   Tenant Estoppels.  It will be a condition to Purchaser’s obligation to close hereunder that Seller obtain a Tenant Estoppel from (i) Montefiore Medical Center (except for its separate lease of 7,300 square feet), (ii) Tierpoint New York LLC, and (ii) Tenants or, together with the sellers under the Other PSAs, “Tenants” under and as defined in the Other PSAs to the extent required to bring the aggregate rented square footage covered by Tenant Estoppels to no less than 75% (the “Required Percentage”) of the aggregate rented square footage of the Improvements under this Agreement and the Other PSAs, on a combined basis and deliver, together with the sellers under the Other PSAs, such Tenant Estoppels to Purchaser at least three (3) Business Days prior to Closing.  Notwithstanding anything to the contrary set forth above, in no event shall the square footage demised pursuant to a Lease or a “Lease” under and as defined in the Other PSAs, that is scheduled to expire prior to or within sixty (60) days after the Scheduled Closing Date, be included in calculating such rented square footage.

 

Seller has delivered by email to Purchaser’s counsel a draft Tenant Estoppel for each Major Tenant.  Purchaser has approved the drafts of Major Tenant Estoppels.  At a time selected by Seller but in any event no later than five (5) Business Days after Purchaser’s timely deposit with the Escrow Agent of the Additional Earnest Money Deposit pursuant to Section 4.1 above, Seller shall deliver a draft Major Tenant Estoppel to each respective Major Tenant for execution.  Seller may, but is not required to, deliver by email

 

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draft non-Major Tenant Estoppels to Purchaser’s counsel for review and comment.  At a time selected by Seller but in any event no later than five (5) Business Days after Purchaser’s timely deposit with the Escrow Agent of the Additional Earnest Money Deposit pursuant to Section 4.1 above, Seller shall deliver a draft Tenant Estoppel to each respective non-Major Tenant for execution.  Seller will use commercially reasonable efforts to obtain and deliver to Purchaser a Tenant Estoppel from all Tenants.  Furthermore, Seller shall be obligated to deliver to Purchaser any Tenant Estoppel in the form that Seller receives from a Tenant even if the Required Percentage has been achieved.  Seller shall not be in default of its obligations hereunder if any Major Tenant or Tenant fails to deliver a Tenant Estoppel, or delivers a Tenant Estoppel which is not in accordance with this Agreement.  Seller agrees to deliver by email (NOTING IN SUCH EMAIL THE DEEMED APPROVAL PROVISIONS OF THIS SECTION FOR PURCHASER’S FAILURE TO TIMELY RESPOND) to Purchaser (sent to Tim Jones - tjones@rmcdev.com, Sandy Spring - sspring@rmcdev.com, Jeremy Frank - jfrank@rmcdev.com, Christian Wallace - cwallace@rmcdev.com, Renee Fuller - rfuller@rmcdev.com, Richard J. Shea, Jr. — rshea@cbshealaw.com, Christopher R. Shea — cshea@cbshealaw.com, Lisa Neary — lneary@cbshealaw.com, and Alicia Davis - Alicia.Davis@cwt.com), each executed Tenant Estoppel within three (3) Business Days after Seller’s receipt of the same from the applicable Tenant.  If Purchaser fails to provide comments by email (sent to Brian Primost - bprimost@mack-cali.com, Lawrence Reiss - LReiss@mack-cali.com, Susan Epstein- SEpstein@mack-cali.com, and Miles Borden - mborden@seyfarth.com) to any such executed estoppel certificate within three (3) Business Days’ after Purchaser’s receipt thereof by an email containing the requisite deemed approval provisions described in the immediately preceding sentence, Purchaser shall be deemed to have approved and accepted such estoppel certificate, WITH TIME BEING OF THE ESSENCE WITH RESPECT TO PROVIDING ANY SUCH COMMENTS.  Notwithstanding anything to the contrary, Purchaser shall have no right to object to a Tenant Estoppel based on information disclosed by Seller or made available to Purchaser, or otherwise known by Purchaser, if (i) (x) prior to 6:00 p.m. on the Effective Date, Seller has disclosed to Purchaser in the Data Room materials which expressly and clearly confirm, or expressly and clearly support, any statement in such estoppel certificate, or (y) after 6:00 p.m. on the Effective Date, but prior to the expiration of the Evaluation Period, Seller has disclosed to Purchaser by email (sent to Tim Jones - TJones@rmcdev.com, and Richard Shea - RShea@cbshealaw.com) and by posting in the Data Room, materials that are described in such email as “DISCLOSURE MATERIALS” and which expressly and clearly confirm, or expressly and clearly support, any statement in such estoppel certificate; or (ii) Purchaser obtains actual knowledge prior to the expiration of the Evaluation Period, including, without limitation, as a result of Purchaser’s due diligence tests, investigations and inspections of the Property that expressly and clearly confirm, or expressly and clearly support, any such statement in such Tenant Estoppel.  Purchaser’s actual knowledge for all purposes of this Agreement shall be deemed to mean the actual knowledge (as opposed to constructive or imputed) of Timothy Jones and/or Jeremy M. Frank, without any independent investigation or inquiry whatsoever.

 

“Tenant Estoppel” means an estoppel certificate from a Tenant (i) substantially in the form annexed hereto as Exhibit H, or (ii) otherwise substantially in the form, or limited to the substance, prescribed by or attached to such Tenant’s Lease provided that such alternative estoppel certificate does not (1) reflect a continuing material default by landlord or a material default by Tenant under the applicable Lease (unless prior to the expiration of the Evaluation Period, Seller has disclosed or made available to Purchaser information regarding such default pursuant to the standards set forth above, or Purchaser otherwise has actual knowledge of such default, subject to and as provided in the penultimate sentence of the immediately preceding paragraph) or (2) contain a material adverse discrepancy, statement or information which is clearly inconsistent with the applicable Lease or contrary to the statements provided for in the form estoppel certificate.  A Tenant Estoppel may (I) contain substantiality, knowledge and other such qualifiers, (II) delete the updated certification paragraph and add the bracketed language set forth in the form Tenant Estoppel annexed hereto as Exhibit H or (III) contain non-substantial deviations from the requested estoppel certificate or the estoppel certificate prescribed by or attached to such tenant’s lease, and Purchaser acknowledges that none of the foregoing will allow Purchaser to claim that a Tenant Estoppel is unacceptable.  Tenant Estoppels shall be dated within sixty (60) days of Closing (unless the Scheduled

 

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Closing Date has been adjourned for any reason (including a request by Purchaser for adjournment agreed to by Seller) by Purchaser).

 

In the event Seller is unable to obtain Tenant Estoppels to the extent required to be delivered as a condition to Closing pursuant to the first paragraph of this Section, Seller and/or Purchaser may, but are not obligated to, elect to extend the Scheduled Closing Date one (1) time for up to an additional thirty (30) days in order to satisfy such Tenant Estoppel condition to Closing, and if Purchaser so elects, it may deal directly with Tenants to obtain the Tenant Estoppels.  If Seller is unable to obtain a Tenant Estoppel from a Major Tenant, Purchaser shall have the option, to be exercised within two (2) Business Days prior to Closing, to amend this Agreement to remove the individual Property having the leasehold of such Major Tenant from this Agreement; however, as set forth above in this Section 7.2, Tenant Estoppels from Major Tenants (i) Montefiore Medical Center (except for its separate lease of 7,300 square feet) and (ii) Tierpoint New York LLC, are a condition to Purchaser’s obligation to close hereunder.  If Purchaser so elects to amend this Agreement, the Purchase Price shall be accordingly reduced by the Allocation for such individual Property, and the parties shall enter into an amendment to this Agreement confirming the removal of such individual Property and the applicable reduction of the Purchase Price.

 

Section 7.3                                   Ground Lessor Estoppel. It will be a condition to Purchaser’s obligation to close hereunder that Seller shall obtain from the ground lessor for each Ground Lease an estoppel certificate executed by the ground lessor (each a “Ground Lease Estoppel”), substantially in the form attached hereto as Exhibit H-1; provided, however, that the delivery by the ground lessor under the Ground Lease of an estoppel certificate limited to the form and substance required under the Ground Lease shall be deemed acceptable in lieu of the certificate in the form attached hereto as Exhibit H-1.  Ground Lease Estoppels shall be dated within thirty (30) days of Closing (unless the Scheduled Closing Date has been adjourned for any reason (including a request by Purchaser for adjournment agreed to by Seller) by Purchaser).  Seller shall not be in default of its obligations hereunder if the ground lessor fails to deliver an estoppel certificate, or delivers an estoppel certificate which is not in accordance with this Agreement.  However, if Seller is unable to obtain a Ground Lease Estoppel, Purchaser shall have the option, to be exercised within two (2) Business Days after receipt of notice of such inability to obtain such Ground Lease Estoppel, to amend this Agreement to remove the individual Property subject to the applicable Ground Lease from this Agreement and, if necessary, the Scheduled Closing Date shall be automatically extended to give Purchaser the full two (2) Business Day period to make such election.  If Purchaser so elects to amend this Agreement, the Purchase Price shall be accordingly reduced by the Allocation for such individual Property, and the parties shall enter into an amendment to this Agreement confirming the removal of such individual Property and the applicable reduction of the Purchase Price.

 

Section 7.4                                   SNDAs. (a)  It will be a condition to Purchaser’s obligation to close hereunder that Seller obtain an SNDA from each SNDA Tenant.  Purchaser has delivered by email to Seller a draft SNDA for each SNDA Tenant.  At a time selected by Seller but in any event no later than five (5) Business Days after Purchaser’s timely deposit with the Escrow Agent of the Additional Earnest Money Deposit pursuant to Section 4.1 above, Seller shall deliver a draft SNDA to each respective SNDA Tenant for execution.  Seller will use commercially reasonable efforts to obtain and deliver to Purchaser an SNDA from each SNDA Tenant.  Seller shall not be in default of its obligations hereunder if any SNDA Tenant fails to deliver an SNDA, or delivers an SNDA which is not in accordance with this Agreement.  Seller agrees to deliver by email (NOTING IN SUCH EMAIL THE DEEMED APPROVAL PROVISIONS OF THIS SECTION FOR PURCHASER’S FAILURE TO TIMELY RESPOND) to Purchaser (sent to Tim Jones - tjones@rmcdev.com, Sandy Spring - sspring@rmcdev.com, Jeremy Frank - jfrank@rmcdev.com, Christian Wallace - cwallace@rmcdev.com, Renee Fuller - rfuller@rmcdev.com, Richard J. Shea, Jr. — rshea@cbshealaw.com, Christopher R. Shea — cshea@cbshealaw.com, Lisa Neary — lneary@cbshealaw.com, and Alicia Davis - Alicia.Davis@cwt.com), each executed SNDA within three (3) Business Days after Seller’s receipt of the same from the applicable SNDA Tenant.  If Purchaser fails to provide comments by email (sent to Brian Primost - bprimost@mack-cali.com, Lawrence Reiss - LReiss@mack-cali.com, Susan Epstein- SEpstein@mack-cali.com, and Miles Borden -

 

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mborden@seyfarth.com) to any such executed SNDA within three (3) Business Days’ after Purchaser’s receipt thereof by an email containing the requisite deemed approval provisions described in the immediately preceding sentence, Purchaser shall be deemed to have approved and accepted such SNDA, WITH TIME BEING OF THE ESSENCE WITH RESPECT TO PROVIDING ANY SUCH COMMENTS.

 

“SNDA” means a subordination, non-disturbance and attornment Agreement from an SNDA Tenant, (i) substantially in the form annexed hereto as Exhibit S, or (ii) otherwise substantially in the form, or limited to the substance, prescribed by or attached to such tenant’s lease.  An SNDA may (I) contain substantiality, knowledge and other such qualifiers, or (II) contain non-substantial deviations from or commercially reasonable comments to the requested SNDA or the SNDA prescribed by or attached to such tenant’s lease, and, subject to Purchaser’s lender’s acceptance of the SNDA (not to be unreasonably withheld, conditioned or delayed), Purchaser acknowledges that none of the foregoing will allow Purchaser to claim that an SNDA  is unacceptable.

 

In the event Seller is unable to obtain an SNDA to the extent required to be delivered as a condition to Closing pursuant to the first paragraph of this Section, Seller and/or Purchaser may, but are not obligated to, elect to extend the Scheduled Closing Date one (1) time for up to an additional thirty (30) days in order to satisfy such SNDA condition to Closing, and if Purchaser so elects, it may deal directly with SNDA Tenants to obtain the SNDAs.  If Seller is unable to obtain an SNDA from an SNDA Tenant, Purchaser shall have the option, to be exercised within two (2) Business Days prior to Closing, to amend this Agreement to remove the individual Property having the leasehold of such SNDA Tenant from this Agreement.  If Purchaser so elects to amend this Agreement, the Purchase Price shall be accordingly reduced by the Allocation for such individual Property, and the parties shall enter into an amendment to this Agreement confirming the removal of such individual Property and the applicable reduction of the Purchase Price.

 

(b)                                 If requested by an SNDA Tenant, and SNDA Tenant is entitled to the same under its Lease, Purchaser shall reimburse the reasonable costs and expenses of such SNDA Tenant in connection with the negotiation, execution and delivery of an SNDA, which shall be paid by Purchaser at Closing or the termination of this Agreement, or if requested by an SNDA Tenant thereafter and SNDA Tenant is entitled to the same under its Lease, within ten (10) days after demand, and which payment obligation shall be a Closing Surviving Obligation or a Termination Surviving Obligation.

 

Section 7.5                                   Rights of First Offer; and Built-In Gain.

 

(a)                                 Seller has informed Purchaser that the parties described on Schedule 7.5 (ROFO (RM) PARTY) attached hereto and made a part hereof (collectively, the “ROFO (RM) Party”) possess certain rights of first offer (the “ROFO (RM) Rights”) and other protections to prevent the recognition of gain (the “Tax Protection Rights”) pursuant to the Contribution and Exchange Agreement (RM), including, without limitation, Section 27 of the Contribution and Exchange Agreement (RM) and Sections 1.1.1 through 1.1.9 of that certain Second Amendment to Contribution and Exchange Agreement (RM), dated June 27, 2000 (the “Second Amendment (RM)”).

 

By signing this Agreement, subject to any ROFO (RM) Exception Condition, each ROFO (RM) Party hereby, now and hereafter, as of the Effective Date, (1) permanently waives and terminates any and all of its ROFO (RM) Rights under the Contribution and Exchange Agreement (RM),  (2) agrees that such ROFO (RM) Rights under the Contribution and Exchange Agreement (RM) are hereby terminated and of no further force and effect and (3) releases Seller, MCRC, MCRLP, Purchaser, HIG, any Permitted Assignee and their respective successors and assigns from any and all obligations and liabilities (including, without limitation, any tax liabilities or other liability or payment specified in the Contribution and Exchange Agreement (RM) or otherwise available by law or equity) with respect to or in connection with the ROFO (RM) Rights under the Contribution and Exchange Agreement (RM), except for obligations or liabilities with respect to Continuing Tax Protection Rights.  At Closing Seller shall deliver to Purchaser

 

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and to the Title Company an affidavit in the form attached hereto as Exhibit R (the “ROFO (RM) Affidavit”).

 

By signing this Agreement, subject to any ROFO (RM) Exception Condition and except for the Continuing Tax Protection Rights, each ROFO (RM) Party hereby, now and hereafter, as of the Effective Date, (1) permanently waives and terminates any and all of its Tax Protection Rights under the Contribution and Exchange Agreement (RM),  (2) agrees that such Tax Protection Rights under the Contribution and Exchange Agreement (RM) are hereby terminated and of no further force and effect and (3) releases Seller, MCRC, MCRLP and their respective successors and assigns from any and all obligations and liabilities (including, without limitation, any tax liabilities or other liability or payment specified in the Contribution and Exchange Agreement (RM) or otherwise available by law or equity) with respect to or in connection with the Tax Protection Rights under the Contribution and Exchange Agreement (RM).  For purposes hereof, the “Continuing Tax Protection Rights” are as follows:

 

(i)                                     notwithstanding anything herein to the contrary, those Limited Agreements of Indemnity executed by each ROFO (RM) Party (collectively, the “Indemnities”) shall, to the extent not terminated, continue in full force and effect after the Closing (subject to the terms and conditions of those Indemnities) and each ROFO (RM) Party shall continue to be entitled to all rights set forth in Section 1.1.6 of the Second Amendment relating to the ROFO (RM) Party’s right to execute guarantees or indemnities relating to debt of MCRC or MCRLP; and

 

(ii)                                  to the extent that Seller or any of its Affiliates undertakes any Section 1031 Exchange, Seller shall not enter into any Section 1031 Exchanges for any non-LKE Properties unless all LKE Properties are the subject of one or more Section 1031 Exchanges; provided that, none of Seller, MCRC, MCRLP, their respective Affiliates or their respective successors and assigns shall have any liability to any ROFO (RM) Party if (x) Seller or any of its Affiliates elect not to pursue any such Section 1031 Exchange with respect to one or more LKE Property(ies), (y) any such Section 1031 Exchange with respect to any LKE Property fails to occur (in whole or part) or is otherwise ineffective for any reason or (z) any ROFO (RM) Party recognizes any gain as a result of clauses (x) or (y) above, or from the sale of the Personal Property associated with any such LKE Property.  However, notwithstanding the foregoing, no ROFO (RM) Party is waiving any claim arising from any LKE Properties excluded from a Section 1031 Exchange in favor of any non-LKE Properties being included in a Section 1031 Exchange.

 

For avoidance of doubt, the waivers, terminations and releases in this Section 7.5(a) by each ROFO (RM) Party with respect to the ROFO (RM) Rights and the Tax Protection Rights under the Contribution and Exchange Agreement (RM) apply to any individual Propert(ies) that are removed from the terms of this Agreement pursuant to any provisions hereof, except if the Closing does not occur due to any ROFO (RM) Exception Condition and except for Continuing Tax Protection Rights.  The provisions of this Section 7.5(a) shall survive (i) the Closing, including a Closing as a result of Purchaser’s exercise of its specific performance rights pursuant to this Agreement or (ii) a termination of this Agreement; however, notwithstanding anything herein to the contrary, the provisions of this Section 7.5(a) shall be null and void ab initio, if the Closing does not occur due to any of the following reasons (each a, “ROFO (RM) Exception Condition”):

 

(1)                                 the termination of this Agreement due to a failure of a condition precedent to Purchaser’s obligation to close under (I) Section 9.1(a) - except due to a failure under Section 10.3(n), (o), (r) or (v), (II) Section 9.1(b) or (III) Section 9.1(c); or

 

(2)                                 the termination of this Agreement due to Purchaser’s failure to deliver a Notice to Proceed under Section 5.3(c); or

 

(3)                                 the exercise of Purchaser’s right to terminate this Agreement pursuant to Article XI in the case of a Total Damage Event.

 

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(b)                                 Seller has informed Purchaser that certain parties, as set forth on Schedule 7.5 (ROFO (MACK) PARTY) attached hereto and made a part hereof (collectively, the “ROFO (Mack) Party”) are the only parties that possess rights of first offer to purchase a portion of the Property (the “ROFO (Mack) Rights”) pursuant to the Mack Contribution and Exchange Agreement. Seller has further informed Purchaser that notice of the transaction contemplated hereunder has been given to the ROFO (Mack) Party in accordance with the Mack Contribution and Exchange Agreement (the “ROFO (Mack) Notice”) and that the ROFO (Mack) Party had until December 15, 2018 to exercise the ROFO (Mack) Rights. Seller hereby informs Purchaser that each the of the parties comprising the ROFO (Mack) Party has either (i) provided a written waiver of such ROFO (Mack) Rights or (ii) failed to timely exercise its ROFO (Mack) Rights in accordance with the Mack Contribution and Exchange Agreement. At Closing Seller shall deliver to Purchaser and to the Title Company an affidavit in the form attached hereto as Exhibit Q (the “ROFO (Mack) Affidavit”).  The provisions of this Section 7.5(b) will survive the Closing.

 

(c)                                  By signing this Agreement, MCRLP and MCRC agree that the provisions of Section 26.4 of the Contribution and Exchange Agreement (RM), including, without limitation, those restricting the development of Competitive Uses (as defined therein), are hereby terminated and the RM Group (as defined therein) are hereby released from any and all obligations or liabilities with respect thereto, except if the Closing does not occur due to a failure of a Section 9.2 condition precedent to Seller’s obligation to close, or the exercise of Purchaser’s right to terminate this Agreement pursuant to Article XI in the case of a Total Damage Event, or the termination of this Agreement due to Purchaser’s failure to deliver a Notice to Proceed pursuant to Section 5.3(c).  The provisions of this Section 7.5(c) will survive the Closing or the termination of this Agreement.

 

ARTICLE VIII

REPRESENTATIONS AND WARRANTIES

 

Section 8.1                                   Seller’s Representations and Warranties. The following constitute representations and warranties of Seller, which representations and warranties shall be true as of the Effective Date.  Subject to the exceptions set forth on Schedule 8.1 attached hereto and made apart hereof, and to the limitations set forth in Section 8.3, Seller represents and warrants to Purchaser the following:

 

(a)                                 Status. Seller is a limited liability company, duly organized and validly existing under the laws of the State of New York.

 

(b)                                 Authority. The execution and delivery of this Agreement and all documents to be delivered by Seller at the Closing and the performance of Seller’s obligations hereunder and under such other documents, have been or will be duly authorized by all necessary actions on the part of Seller, and this Agreement constitutes the legal, valid and binding obligation of Seller.

 

(c)                                  Non-Contravention.  The execution and delivery of this Agreement by Seller and the consummation by Seller of the transactions contemplated hereby will not violate any judgment, order, injunction, decree, regulation or ruling of any court or Authority, or conflict with, result in a breach of, or constitute a default under the organizational documents of Seller, any note or other evidence of indebtedness, any mortgage, deed of trust or indenture, or any lease, other material agreement or instrument to which Seller is a party or by which it is bound.

 

(d)                                 Suits and Proceedings.  There are no legal actions, suits or similar proceedings pending and served, or to Seller’s Knowledge, threatened in writing, against Seller or the Property which are not adequately covered by existing insurance.

 

(e)                                  Non-Foreign Entity.  Seller is not a “foreign person” or “foreign corporation” as those terms are defined in the Code and the regulations promulgated thereunder.

 

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(f)                                   Tenants.  As of the date of this Agreement, the only tenants of the Real Property are tenants pursuant to the Leases set forth on the Lease Schedule annexed hereto and made a part hereof as Exhibit G.  The Documents made available to Purchaser pursuant to Section 5.2 hereof include true, correct and, in all material respects, complete copies of all of the Leases listed on Exhibit G.

 

(g)                                  Service Contracts.  The Documents made available to Purchaser pursuant to Section 5.2 hereof include true, correct and, in all material respects, complete copies of all Service Contracts listed on Exhibit F.

 

(h)                                 Leasing Commission Agreements. (i) The Leasing Commission Agreements are listed on Exhibit J, and there are no other Leasing Commission Agreements, and (ii) the Documents made available to Purchaser pursuant to Section 5.2 hereof include true, correct and, in all material respects, complete copies of the Leasing Commission Agreements

 

(i)                                     Ground Lease.  With respect to any Ground Lease:

 

(i)                                     The Ground Lease is in full force and effect and has not been modified, amended, assigned or extended;

 

(ii)                                  Seller has not received or given any written notice of Seller’s or ground lessor’s default thereunder that has not been cured;

 

(iii)                               To Seller’s Knowledge, there exists no default on the part of ground lessor under the Ground Lease;

 

(iv)                              There exists no default on the part of Seller under the Ground Lease, and Seller has not taken (or failed to take) any act which, with the giving of notice and/or the passing of time, would be a default under the Ground Lease;

 

(v)                                 Seller has made available to Purchaser true and complete copies of the Ground Lease, including all amendments, modifications and assignments thereof and ancillary documents referred to therein, which constitute the full and complete agreements between Seller and the ground lessor under the Ground Lease;

 

(vi)                              There are no delinquencies by Seller in any payments due and payable under the Ground Lease, and no base or fixed rent has been paid more than one (1) month in advance by Seller except as otherwise provided in the Ground Lease;

 

(vii)                           There are no pending proceedings or pending claims by Seller against ground lessor under the Ground Lease for offsets against rent, or for damages or other redress, and Seller has not delivered written notice to ground lessor that Seller is disputing the amount of any rental payments due pursuant to the Ground Lease, nor, to Seller’s Knowledge, do any such claims exist;

 

(viii)                        Except as provided in the Ground Lease, no renewal, extension, expansion, termination, conversion, rights of first or last offer, rights of first or last refusal, or other future possessory rights or options have been granted to ground lessor;

 

(ix)                              Neither ground lessor nor Seller has delivered written notice of its termination of the Ground Lease or of its intention to so terminate the Ground Lease or surrender any portion of the Property currently demised under the Ground Lease (except in connection with the transaction contemplated herein);

 

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(x)                                 Except for any liens granted to any existing mortgagee, Seller has not given any assignment, pledge or encumbrance of its interest in the Ground Lease;

 

(xi)                              Seller is not currently performing any alterations, and has completed any prior Seller alterations, under the Ground Lease; for avoidance of doubt, such alterations do not include any ordinary course maintenance or compliance with laws work to be performed by Seller under the Ground Lease; and

 

(xii)                           No commissions are, or will be, payable to any brokers in respect of the Ground Lease from and after Closing pursuant to any agreement to which Seller is a party or, to Seller’s Knowledge, any other agreement in respect of the Ground Lease.

 

(j)                                    Condominium Documents; Maintenance Association Documents.  The Documents made available to Purchaser pursuant to Section 5.2 hereof include true, correct and, in all material respects, complete copies of all Condominium Documents and Association Documents.  With respect to the Condominium Documents and Association Documents:

 

(i)                                     To Seller’s Knowledge, the documents are in full force and effect and have not been modified, or amended;

 

(ii)                                  Seller has not received or given any written notice of any party’s default thereunder that has not been cured;

 

(iii)                               To Seller’s Knowledge, there exists no default on the part of any other party under such documents;

 

(iv)                              There exists no default on the part of Seller under such documents and Seller has not taken (or failed to take) any act which, with the giving of notice and/or the passing of time, would be a default under the such documents; and

 

(v)                                 To Seller’s Knowledge, there are no pending proceedings or pending claims by or against the Condominium or an Association.

 

(k)                                 Insurance.  Seller currently maintains all property, liability, rental income or business interruption and other insurance policies relating to the Property or the use or occupancy thereof by Seller or any of Seller’s affiliates, and is in compliance with such limits of coverage and deductible amounts as are required under any applicable leases or mortgages, and such current insurance policies are in full force and effect.

 

(l)                                     ERISA; Employees.  All employees at the Real Property are employees of Seller or Seller’s Affiliates.  There are no union contracts, collective bargaining agreements, pension, profit-sharing, bonus, employment contracts or other employee benefit plans, contracts or agreements relating to current or past employees of Seller or Seller’s Affiliates at the Real Property.  There is no pending or to Seller’s Knowledge, threatened attempt to organize a labor union covering employees at the Real Property.  There are not and have not been any pending or, to Seller’s Knowledge, threatened employment strikes, work stoppages, work slowdown, picketing, lockout or other material labor dispute involving the Real Property for the period Seller has owned the Real Property.  (i) Seller has not received written notice or, to Seller’s Knowledge, oral notice of any actual or alleged violations of any applicable labor and employment laws, including any applicable laws respecting labor relations, employment discrimination, disability rights or benefits, occupational health and safety, worker’s compensation, affirmative action, unemployment compensation, leaves of absence, plant closures, mass layoffs, immigration and wages and hours and (ii) there are no charges, complaints or lawsuits pending or, to Seller’s Knowledge, threatened against Seller regarding employment matters at the Real Property, and there are no Governmental Authority audits, examinations or investigations pending or threatened in writing against Seller regarding employment

 

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matters at the Real Property.  With respect to the Real Property, Seller is not required to contribute to a “multiemployer plan” as defined under ERISA in connection with the operation of the Real Property.

 

(m)                             Notices from Governmental Authorities.  To Seller’s Knowledge, Seller has not received from any governmental authority written notice of any material violation of any laws applicable (or alleged to be applicable) to the Property, or any part thereof, that has not been corrected, except as may be reflected by the Documents.

 

(n)                                       Consents.  No consent, waiver, approval or authorization is required from any person or entity (that has not already been obtained) in connection with the execution and delivery of this Agreement by Seller or the performance by Seller of the transactions contemplated hereby.

 

(o)                                       Anti-Terrorism.  Neither Seller, nor any officer, director, shareholder, partner, investor or member of Seller is named by any Executive Order of the United States Treasury Department as a terrorist, a “Specially Designated National and Blocked Person,” or any other banned or blocked person, entity, nation or transaction pursuant to any law, order, rule or regulation that is enforced or administered by the Office of Foreign Assets Control (collectively, an “Identified Terrorist”).  Seller is not engaging in this transaction on the behalf of, either directly or indirectly, any Identified Terrorist.

 

(p)                                       Insolvency.  Seller is not subject to any pending voluntary or involuntary proceedings under any federal, state or local insolvency laws. There is no action or proceeding pending or, to Seller’s Knowledge, threatened in writing against Seller or relating to the Property, which challenges or impairs Seller’s ability to execute or perform its obligations under this Agreement or against or with respect to the Property.  Seller has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or suffered the filing of any involuntary petition by Seller’s creditors, (iii) suffered the appointment of a receiver to take possession of all, or substantially all, of Seller’s assets, or (iv) suffered the attachment or other judicial seizure of all, or substantially all, of Seller’s assets.

 

(q)                                       Conflicting Rights.  No rights of first offer, rights of first refusal, purchase options or other preemptive rights regarding the acquisition of the Property or any portion thereof or any direct or indirect ownership interest therein exist under the organizational documents of Seller or any direct or indirect owner of Seller or under any agreement by which Seller, the Property, any portion thereof or any direct or indirect owner of Seller is or may be bound or affected including, without limitation, (i) subject to Section 7.5(a), under the Contribution and Exchange Agreement (RM) and (ii) the Mack Contribution and Exchange Agreement.  The ROFO (RM) Rights and the ROFO (Mack) Rights do not run with the land and will not be binding on the Purchaser after the Closing.

 

(r)                                          Leases; and AR Aging Report.  With respect to each Lease:  (i) to Seller’s Knowledge, each Lease is in full force and effect, and no material uncured breach or default exists on the part of the landlord or Tenant thereunder; (ii) the Tenant under each Lease has accepted possession of its leased premises in their present condition; (iii) to Seller’s Knowledge, the landlord under each of the Leases has no unfulfilled material obligation to construct, install, or repair any improvements or facilities for the Tenant under any of the Leases; (iv) except as expressly required under a Lease, no fixed or base rent (for avoidance of doubt not to include any security deposits, additional rent, percentage rent or any other type of rent) called for under any of the Leases has been paid more than one month in advance of its due date; (v) to Seller’s Knowledge, no Tenant is asserting any material claim of offset or other material defense in respect of its or the landlord’s obligations under its Lease; and (vi) to Seller’s Knowledge, no Tenant is entitled to any material concession, rebate, allowance, or period of occupancy free of rent except as set forth in its Lease.  The Accounts Receivable Aging Report attached hereto as Schedule 8.1(r) with respect to Lease rental payments is true, correct and complete as of the “run date” of such report.  To the extent Purchaser approves, or is deemed to have approved pursuant to Section 7.2, any Tenant Estoppel which contains facts inconsistent with the foregoing, this Section shall be deemed to be modified to the extent necessary to comply with the terms of such Tenant Estoppel.

 

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(s)                                         Environmental Condition.  To Seller’s Knowledge, neither the Real Property nor the Improvements are currently the site of any activity that would violate, in any material respect, any past or present environmental law or regulation of any governmental body or agency having jurisdiction.

 

(t)                                          Tax Proceedings.  To Seller’s Knowledge, there are no pending tax reduction or tax certiorari proceedings pending with respect to the Real Property and Improvements.

 

(u)                                       Condemnation, Zoning.  Seller has received no written notice of and to Seller’s Knowledge there are no, (i) pending or contemplated annexation or condemnation proceedings, or private purchase in lieu thereof, affecting or which would affect the Real Property, or any part thereof, (ii) proposed or pending proceeding to change or redefine the zoning classification of all or any part of the Real Property, (iii) proposed or pending special assessments which might affect the Real Property or any portion thereof, and (iv) no proposed change(s) in any road patterns or grades with respect to the roads providing a means of ingress and egress to the Real Property.  Seller agrees to furnish Purchaser with a copy of any such notice promptly after receipt thereof.

 

(v)                                       Recorded Documents.  Seller has not received any written notice of any claim of a monetary breach or other material breach (including, but not limited to, a breach that would or could exist with the provision of notice and/or the passage of time) by Seller with respect to any covenant, restriction or other document of record to which Seller is a party or by which Seller is bound.

 

(w)                                     No Disputes.  There is no pending or, to Seller’s Knowledge, threatened judicial, municipal or administrative proceedings or investigation, or labor or other disputes affecting the Property, the operation of the Property, or in which Seller is, will or may be a party by reason of Seller’s ownership of the Property or any portion thereof, or which would affect the sale of the Property in accordance with the terms hereof.

 

(x)                                       Documents Provided.  Although Seller is not making any representation or warranty as to the truth or accuracy of any Documents, to Seller’s Knowledge, true, correct and, in all material respects, complete copies of the Documents have been provided or made available to Purchaser.

 

(y)                                       Seller’s Knowledge.  Seller represents that Dean Cingolani, and, as to Lease and leasing representations, Jeff Warner are individuals affiliated with Seller and by reason of their position, have knowledge concerning the knowledge representations and warranties by Seller made in this Agreement.  “Seller’s Knowledge” means the present actual (as opposed to constructive or imputed) knowledge solely of Dean Cingolani, Senior Vice President of Property Management of MCRC, the general partner of the Seller’s property manager, MCRLP, and, as to Lease and leasing representations, Jeff Warner, Senior Vice President of Leasing of MCRC, without any independent investigation or inquiry whatsoever.

 

Section 8.2                                   Purchaser’s Representations and Warranties.  Subject to the limitations set forth in Section 8.3, Purchaser represents and warrants to Seller the following:

 

(a)                                 Status. Purchaser is a duly organized and validly existing limited liability company under the laws of the State of Delaware.

 

(b)                                 Authority. The execution and delivery of this Agreement and all the documents to be delivered by Purchaser at the Closing and the performance of Purchaser’s obligations hereunder and under such other documents, have been or will be duly authorized by all necessary actions on the part of Purchaser, and this Agreement constitutes, and such other documents will at Closing constitute, the legal, valid and binding obligation of Purchaser.

 

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(c)                                  Non-Contravention.  The execution and delivery of this Agreement by Purchaser and the consummation by Purchaser of the transactions contemplated hereby will not violate any judgment, order, injunction, decree, regulation or ruling of any court or Authority or conflict with, result in a breach of or constitute a default under the organizational documents of Purchaser, any note or other evidence of indebtedness, any mortgage, deed of trust or indenture, or any lease or other material agreement or instrument to which Purchaser is a party or by which it is bound.

 

(d)                                 Consents. Except for any consents binding on, or applicable to, Seller or any Property, no consent, waiver, approval or authorization is required from any person or entity (that has not already been obtained) in connection with the execution and delivery of this Agreement by Purchaser or the performance by Purchaser of the transactions contemplated hereby.

 

(e)                                  Anti-Terrorism.  Neither Purchaser, nor any officer, director, shareholder, partner, investor or member of Purchaser is named by any Executive Order of the United States Treasury Department as an Identified Terrorist.  Purchaser is not engaging in this transaction on the behalf of, either directly or indirectly, any Identified Terrorist.

 

Section 8.3                                   Survival of Representations and Warranties. The representations and warranties (but not covenants) of Seller and Purchaser set forth in Article VIII, and/or the documents delivered by Seller and/or Purchaser at Closing, will survive the Closing for a period of nine (9) months, after which time they will merge into the Deed. Neither Seller nor Purchaser will have any right to bring any action against the other party as a result of any untruth or inaccuracy of such representations or warranties, unless and until the aggregate amount of all liability and losses arising out of all such untruths or inaccuracies, exceeds Seven Hundred Fifty Thousand and 00/100 Dollars ($750,000.00), however, once such threshold has been satisfied Seller and Purchaser, as applicable, may bring such action with respect to the first dollar of such liability or losses (i.e, the $750,000.00 is a threshold and not a deductible). In addition, in no event will Seller’s or Purchaser’s liability for all such untruths or inaccuracies exceed, in the aggregate, the sum of Ten Million and 00/100 Dollars ($10,000,000.00). Seller shall have no liability following Closing with respect to any of such representations or warranties, if (i) (x) prior to 6:00 p.m. on the Effective Date, Seller has disclosed to Purchaser in the Data Room materials expressly and clearly confirm, or expressly and clearly contradict, or are expressly and clearly in conflict with, any such representation or warranty of Seller, or (y) after 6:00 p.m. on the Effective Date, but prior to the expiration of the Evaluation Period, Seller has disclosed to Purchaser by email (sent to Tim Jones - TJones@rmcdev.com, and Richard Shea - RShea@cbshealaw.com) and by posting in the Data Room, materials that are described in such email as “DISCLOSURE MATERIALS” and which expressly and clearly confirm, or expressly and clearly contradict, or are expressly and clearly in conflict with, any such representation or warranty of Seller; or (ii) Purchaser obtains actual knowledge prior to the expiration of the Evaluation Period, including, without limitation, as a result of Purchaser’s due diligence tests, investigations and inspections of the Property that expressly and clearly contradicts, or is expressly and clearly in conflict with, any of such Seller’s representations or warranties, or (iii) prior to 6:00 p.m., Eastern Time on the date that is two (2) Business Days prior to Closing, Seller provides notice to Purchaser that any such representation or warranty is not true and correct, and in each case, Purchaser nevertheless consummates the transaction contemplated by this Agreement. Purchaser’s actual knowledge for all purposes of this Agreement shall be deemed to mean the actual knowledge (as opposed to constructive or imputed) of Timothy Jones and/or Jeremy M. Frank, without any independent investigation or inquiry whatsoever.  The Closing Surviving Obligations and the Termination Surviving Obligations will survive Closing without limitation unless a specified period is otherwise provided in this Agreement. All other representations, warranties, covenants and agreements made or undertaken by Seller under this Agreement, unless otherwise specifically provided herein, will not survive the Closing but will be merged into the Deed and other Closing documents delivered at the Closing. Notwithstanding anything herein to the contrary, the foregoing survival and liability limitations shall not be applicable with respect to (a) any breach or default by a party, with respect to which the aggrieved party shall have its applicable rights and remedies set forth

 

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in Article XIII; (b) Seller’s liability for breach of Section 8.1(q); and (c) Seller’s liability for breach of the Seller’s estoppel delivered pursuant to Section 10.3(y).

 

Notwithstanding anything to the contrary in this Agreement or the Other PSAs, as to the seller and the purchaser under this Agreement or the Other PSAs, respectively, the $750,000.00 floor and $10,000,000.00 cap set forth in the paragraph immediately above and the $750,000.00 floor and $10,000,00.00 cap set forth in the Other PSAs are aggregate amounts to be applied to this Agreement and the Other PSAs and may be reached solely under this Agreement or either of the Other PSAs, or partially under this Agreement and the Other PSAs, so that the aggregate floor under this Agreement and the Other PSAs is $750,000.00 and the aggregate cap under this Agreement and the Other PSAs is $10,000,000.00.

 

ARTICLE IX

CONDITIONS PRECEDENT TO CLOSING

 

Section 9.1                                   Conditions Precedent to Obligation of Purchaser.  The obligation of Purchaser to consummate the transaction hereunder shall be subject to the fulfillment on or before the Closing Date of all of the following conditions, any or all of which (except as provided below) may be waived by Purchaser, in its sole discretion, in writing or by proceeding to Closing:

 

(a)                                 Seller shall have delivered to Escrow Agent, Purchaser or Purchaser’s counsel, as mutually agreed to prior to Closing by Seller’s and Purchaser’s counsel, all of the items required to be delivered to Purchaser pursuant to the terms of this Agreement, including but not limited to, those provided for in Section 10.3.

 

(b)                                 All of the representations and warranties of Seller contained (i) in this Agreement (other than Section 7.5(b) and subsections (i), (ii), (v), (viii), (ix) and (x) of Section 8.1(i)) shall have been true and correct in all material respects when made and shall be true and correct in all material respects as of the date of Closing, (ii) in Section 7.5(b) and subsections (i), (ii), (v), (viii), (ix) and (x) of Section 8.1(i) shall have been true and correct in all respects when made and shall be true and correct in all respects as of the date of Closing, with appropriate modifications permitted under this Agreement, it being understood and agreed that, subject to the obligations of Seller under Sections 7.1 above and 10.3(k) below, and the provisions of Article XI below and Article XIII below, after the expiration of the Evaluation Period, Purchaser shall assume the risk of any adverse changes at the Property, including but not limited to tenant defaults, the commencement of eviction actions in accordance with this Agreement, the receipt of violation notices, and the termination of Service Contracts in accordance with this Agreement.

 

(c)                                  Seller shall have performed and observed, in all material respects, all material covenants and agreements of this Agreement to be performed and observed by Seller as of the Closing Date.

 

(d)                                 Intentionally Omitted.

 

(e)                                  As of the Closing there shall not be any of the following by or against or with respect to Seller: (i) a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or state bankruptcy law or other similar law; (ii) the appointment of a trustee or receiver of any property interest; or (iii) an assignment for the benefit of creditors.

 

(f)                                   The closing of the transactions contemplated under the Other PSAs must occur simultaneously with the Closing on the Closing Date. Notwithstanding anything to the contrary contained in this Agreement, this condition precedent cannot be waived unilaterally by Purchaser.

 

(g)                                  The lead Title Company (or Commonwealth Land Title Insurance Company, if Purchaser’s lead title company is not willing to do so), shall have irrevocably committed to issue a Title Policy with respect to the Real Property to Purchaser subject only to the Permitted Exceptions applicable

 

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thereto and, to the extent permitted under applicable law and regulations, containing affirmative coverage over the ROFO (RM) Rights, the ROFO (Mack) Rights and any other right of first offer, right of first refusal, purchase option or any other potential right with request to the Property, any portion thereof or any direct or indirect interest therein under, or with respect to, the Contribution and Exchange Agreement (RM) and/or the Mack Contribution and Exchange Agreement; provided, however, that the issuance of the Title Policy pursuant to this Section 9.1(g) shall not be a condition to Closing if Purchaser has failed to wire the premiums therefor to Escrow Agent on the Closing Date or Purchaser has failed as of Closing to satisfy all material conditions and requirements applicable to Purchaser that are imposed by the Title Company as a condition to the issuance of each such Title Policy.

 

(h)                                 Any other condition precedent to Purchaser’s obligation to close the transactions set forth in this Agreement that is expressly set forth in this Agreement.

 

(i)                                     This Agreement has not been terminated in accordance with its express terms and conditions.  Notwithstanding anything to the contrary contained in this Agreement, this condition precedent cannot be waived unilaterally by Purchaser.

 

Section 9.2                                   Conditions Precedent to Obligation of Seller.  The obligation of Seller to consummate the transaction hereunder shall be subject to the fulfillment on or before the Closing Date (or as otherwise provided) of all of the following conditions, any or all of which (except as provided below) may be waived in writing by Seller in its sole discretion:

 

(a)                                 Escrow Agent shall have received the Purchase Price as adjusted pursuant to, and payable in the manner provided for, in this Agreement and has been irrevocably authorized by Purchaser and is committed to deliver the same to Seller.

 

(b)                                 Purchaser shall have delivered to Escrow Agent, Seller or Seller’s counsel, as mutually agreed to prior to Closing by Seller’s and Purchaser’s counsel, all of the items required to be delivered to Seller pursuant to the terms of this Agreement, including but not limited to, those provided for in Section 10.2.

 

(c)                                  All of the representations and warranties of Purchaser contained in this Agreement shall be true and correct in all material respects as of the date of Closing (with appropriate modifications permitted under this Agreement or not materially adverse to Seller).

 

(d)                                 Purchaser shall have performed and observed, in all material respects, all material covenants and agreements of this Agreement to be performed and observed by Purchaser as of the Closing Date.

 

(e)                                  The closing of the transactions contemplated under the Other PSAs must occur simultaneously with the Closing on the Closing Date. Notwithstanding anything to the contrary contained in this Agreement, this condition precedent cannot be waived unilaterally by Seller.

 

(f)                                   This Agreement has not been terminated in accordance with its express terms and conditions.  Notwithstanding anything to the contrary contained in this Agreement, this condition precedent cannot be waived unilaterally by Seller.

 

(g)                                  Purchaser shall have delivered to Seller, on or before March 8, 2019, a notice setting forth the names of those persons currently employed at the Real Property by Seller (or its affiliated property manager) to whom Purchaser, one of Purchaser’s Affiliates, or a third party property manager being retained by Purchaser will make an offer of employment and the compensation offered (the “Employee Notice”); and if Purchaser intends to make no such offers, the Purchaser shall so state in the Employee Notice.  Purchaser will make, or cause one of Purchaser’s Affiliates, or a third party property manager being retained by Purchaser to make, such offers of employment and employ any such employees

 

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accepting such offer as of the Closing Date.  For avoidance of doubt, any such employees will be new “at will” employees of Purchaser or Purchaser’s Affiliate(s) and neither Purchaser nor any Purchaser Affiliate will assume any accrued liabilities or other obligations of Seller or any Seller affiliate to any such employee.  Seller will defend, indemnify and hold harmless Purchaser and Purchaser’s Affiliates from and against any such claims by any such employees.

 

ARTICLE X

CLOSING

 

Section 10.1                            Closing. The consummation of the transaction contemplated by this Agreement shall take place on March 22, 2019 or such other date mutually agreed to by Seller and Purchaser (as such date may be extended pursuant to the terms and conditions of this Agreement, the “Scheduled Closing Date”), through an escrow closing at the offices of the Escrow Agent.  At Closing, the events set forth in this Article X will occur, it being understood that the performance or tender of performance of all matters set forth in this Article X are mutually concurrent conditions which may be waived in writing by the party for whose benefit they are intended.

 

Section 10.2                            Purchaser’s Closing Obligations. On the Closing Date, Purchaser, at its sole cost and expense, will deliver to Escrow Agent the following items (which shall be delivered by Escrow Agent to Seller upon Closing); provided that Seller’s and Purchaser’s respective counsel may mutually agree on the delivery of certain such items directly to Seller or Seller’s counsel:

 

(a)                                 The Purchase Price, after all adjustments, credits and prorations are made as herein provided, by Federal Reserve wire transfer of immediately available funds, in accordance with the timing and other requirements of Section 3.2;

 

(b)                                 A counterpart original of the Assignment of Lease Obligations, duly executed by Purchaser;

 

(c)                                  A counterpart original of the Assignment of Service Contracts, duly executed by Purchaser;

 

(d)                                 A counterpart original of the Ground Lease Assignment, duly executed and acknowledged by Purchaser;

 

(e)                                  A counterpart original of the Assignment of Maintenance Declaration, duly executed by Purchaser;

 

(f)                                   Evidence reasonably satisfactory to Seller and the Title Company that the person executing the Assignment of Lease Obligations, the Assignment of Service Contracts, the Ground Lease Assignment, the Assignment of Maintenance Declaration and the Tenant Notice Letters on behalf of Purchaser has full right, power and authority to do so;

 

(g)                                  Form of written notice executed by Purchaser and to be addressed and delivered to the Tenants by Purchaser in accordance with Section 10.6 herein, acknowledging (i) the sale of the Property to Purchaser, (ii) that Purchaser has received and that Purchaser is responsible for the Security Deposit (specifying the exact amount of the Security Deposit) assigned or credited to Purchaser pursuant to this Agreement, or noting that a letter of credit Security Deposit is not transferrable and demanding replacement thereof and (iii) directing all future rent and other sums to be paid to Purchaser or whomever Purchaser shall designate (the “Tenant Notice Letters”); provided that, pursuant to Section 10.4(a)(ii), if any Letter of Credit Security Deposit is not transferrable, the applicable Tenant Notice Letter shall demand such Tenant to deposit with Purchaser a replacement cash or letter of credit security deposit;

 

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(h)                                 Form of written termination, executed by Purchaser and to be addressed and delivered by Purchaser in accordance with Section 10.6 herein to the service providers under Service Contracts which Purchaser has identified to be terminated pursuant to Section 5.3(d) (the “Service Contract Termination Notices”);

 

(i)                                     A counterpart of the Closing Statement, duly executed by Purchaser;

 

(j)                                    A certificate, dated as of the date of Closing, stating that the representations and warranties of Purchaser contained in Section 8.2 are true and correct in all material respects as of the Closing Date (with appropriate modification permitted under this Agreement or not materially adverse to Seller);

 

(k)                                 Such executed transfer tax forms and such other documents as may be reasonably necessary or appropriate to effect the consummation of the transaction which is the subject of this Agreement including, but not limited to form TP-584 and RP-5217 and, as applicable, the City of Yonkers transfer tax form;

 

(l)                                     Intentionally Omitted; and

 

(m)                             Such other documents as may be reasonably necessary or appropriate to effect the consummation of the transaction which is the subject of this Agreement (provided, however, no such additional document shall expand any obligation, covenant, representation or warranty of Purchaser or result in any new or additional obligation, covenant, representation or warranty of Purchaser under this Agreement beyond those expressly set forth in this Agreement).

 

Section 10.3                            Seller’s Closing Obligations.  On the Closing Date, Seller, at its sole cost and expense, will deliver to Escrow Agent the following documents on a per Property or Properties basis as designated by Purchaser (which shall be delivered by Escrow Agent to Purchaser upon Closing); provided that Seller’s and Purchaser’s respective counsel may mutually agree on the delivery of certain such items directly to Purchaser or Purchaser’s counsel:

 

(a)                                 A bargain and sale deed without covenant against the grantor’s acts in the form attached hereto as Exhibit L (the “Deed”), duly executed and acknowledged by Seller, conveying to Purchaser each Fee Property and the Improvements located thereon, subject only to the Permitted Exceptions applicable thereto;

 

(b)                                 A blanket assignment and bill of sale in the form attached hereto as Exhibit D (the “Bill of Sale”), duly executed by Seller, assigning and conveying to Purchaser title to the Personal Property;

 

(c)                                  A counterpart original of an assignment and assumption of Seller’s interest, as lessor, in the Leases, Security Deposits and Leasing Commission Agreements in the form attached hereto as Exhibit C (the “Assignment of Lease Obligations”), duly executed by Seller, conveying and assigning to Purchaser all of Seller’s right, title and interest, as lessor, in and to the Leases, Security Deposits and Leasing Commission Agreements;

 

(d)                                 A counterpart original of an assignment and assumption of all of Seller’s right, title and interest in and to the Service Contracts, but only to the extent that same are assignable, and, to the extent assignable,  the Licenses and Permits in the form attached hereto as Exhibit B (the “Assignment of Service Contracts”), duly executed by Seller, conveying and assigning to Purchaser all of Seller’s right, title, and interest, if any, in and to the assignable Service Contracts and Licenses and Permits; provided, however, if any such assignment is subject to the re-issuance by the vendor of a replacement contract or warranty in favor of Purchaser, or confirmation that the vendor is recognizing or approving such assignment, then Seller shall be permitted to deliver such reissued contract or warranty or such confirmation after Closing in order that the contract or warranty may continue to run in favor of Seller until Closing;

 

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(e)                                  A counterpart original of an assignment and assumption of the lessee’s interest in and to the Ground Lease, in recordable form and in form attached hereto as Exhibit  E  (the “Ground Lease Assignment”), duly executed and acknowledged by Seller, subject only to the Permitted Exceptions applicable thereto;

 

(f)                                   A counterpart original of an assignment and assumption of all of the Seller’s rights, obligations and duties under the South-West Maintenance Declaration, the Mid- West Maintenance Declaration and the Talleyrand Maintenance Declaration, as the case may be, in the form attached hereto as Exhibit K (the “Assignment of Maintenance Declaration”);

 

(g)                                  The Tenant Notice Letters, duly executed by Seller;

 

(h)                                 The Service Contract Termination Notices, duly executed by Seller;

 

(i)                                     Evidence reasonably satisfactory to Purchaser and Title Company that the person executing the documents delivered by Seller pursuant to this Section 10.3 on behalf of Seller has full right, power, and authority to do so;

 

(j)                                    A certificate in the form attached hereto as Exhibit I (“Certificate as to Foreign Status”) certifying that Seller is not a “foreign person” as defined in Section 1445 of the Internal Revenue Code of 1986, as amended;

 

(k)                                 A certificate, dated as of the date of Closing (the “Bring-Down Certificate”), stating that the representations and warranties of Seller contained in (i) this Agreement (other than Section 7.5(b) and subsections (i), (ii), (v), (viii), (ix) and (x) of Section 8.1(i)) are true and correct in all material respects as of the Closing Date (with appropriate modifications to reflect any changes therein permitted by this Agreement) and (ii) Section 7.5(b) and subsections (i), (ii), (v), (viii), (ix) and (x) of Section 8.1(i) are true and correct in all respects as of the Closing Date (with appropriate modifications to reflect any changes therein permitted by this Agreement), or identifying any representation or warranty which no longer is true and correct and explaining the state of facts giving rise to the change.  In no event shall Seller be liable to Purchaser for, or be deemed to be in default hereunder, if any representation or warranty is no longer true and correct in all material respects (or, if applicable, in all respects), except such change with respect to Seller’s representations and warranties pursuant to Sections 8.1(a), (b), (c), (e), (n), (o) and (q), unless such change results (x) from or causes a breach of an independent express obligation or covenant of Seller under this Agreement or (y) from a material breach of any representation or warranty of Seller when made pursuant to this Agreement, in which event the provisions of Section 13.1 below shall apply. If such change does not (1) constitute or cause a breach of an independent express obligation or covenant of Seller under this Agreement, or (2) result from a breach of any representation or warranty of Seller when made by Seller pursuant to this Agreement, then, solely with respect to the post-Closing obligations and liabilities of Seller under this Agreement, Seller’s representations and warranties set forth in this Agreement shall be deemed to have been modified as of Closing by all statements made in the Bring-Down Certificate;

 

(l)                                     The Lease Schedule, updated to show any changes, dated as of no more than five (5) Business Days prior to the Closing Date and an accounts receivable report with respect to the Property, dated no earlier than five (5) Business Days prior to Closing;

 

(m)                             Such executed transfer tax forms and such other documents as may be reasonably necessary or appropriate to effect the consummation of the transaction which is the subject of this Agreement including, but not limited to form TP-584 and RP-5217 and, as applicable, the City of Yonkers transfer tax form;

 

(n)                                 the Common Charge Letter, and, to the extent in Seller’s or its affiliates’ possession or control, the books, records and bank accounts for the Condominium;

 

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(o)                                 the Association Estoppel Certificate and to the extent in Seller’s or its affiliates’ possession or control, the books, records and bank accounts for the applicable Association;

 

(p)                                 A written resignation, effective as of Closing, of any members and/or officers of the Condominium Board or the board of any Maintenance Association, affiliated with Seller or any Seller Affiliate, if any;

 

(q)                                 An Owner’s affidavit with respect to all the Real Property for the benefit of the Title Company, substantially in the form attached hereto as Exhibit M;

 

(r)                                    the Tenant Estoppels as required as a condition to close pursuant to Section 7.2, the Ground Lessor Estoppel required as a condition to close by Section 7.3 and the SNDA’s as required as a condition to close by Section 7.4.

 

(s)                                   The ROFO (Mack) Affidavit, duly executed by Seller;

 

(t)                                    Evidence of the termination of (x) Seller’s existing property management agreements for the Properties and (ii) any other agreement with respect to any Property entered into with any Seller’s Affiliate, including, without limitation, any construction, leasing, development or other similar agreements;

 

(u)                                 A counterpart of the Closing Statement, duly executed by Seller;

 

(v)                                 Certificates of title for all Motor Vehicles executed by Seller to convey title to Purchaser; provided that notwithstanding anything to the contrary in this Agreement the delivery of such certificates shall not be a condition precedent to Closing, and if not completed at Closing, such conveyances shall be completed within ten (10) Business Days after Closing;

 

(w)                               Certified copies issued by the New York Department of State of the name change and entity conversion certificates for Seller, as described in the introduction of this Agreement;

 

(x)                                 The ROFO (RM) Affidavit, duly executed by Seller;

 

(y)                                 A Seller estoppel, in the commercially reasonable form to be agreed to by Seller and Purchaser prior to expiration of the Evaluation Period, pursuant to which Seller certifies that it is not in default of its obligations under (i) the Talleyrand Maintenance Association Documents, (ii) that certain Easement Agreement, dated August 10, 2014, with respect to the 240 White Plains Road Real Property; and (iii) that certain Shared Parking Easement Agreement, dated July 28, 2014, with respect to the 1 Executive Boulevard and 3 Executive Boulevard Real Properties pursuant to Section 10.6(b) of that agreement.  Notwithstanding the foregoing, and in lieu of such Seller estoppel, and not as a condition to Closing, Seller shall use commercially reasonable efforts to obtain such an estoppel from the requisite counterparties to such documents and easements; and

 

(z)                                  Such other documents as may be reasonably necessary or appropriate to effect the consummation of the transaction which is the subject of this Agreement (provided, however, no such additional document shall expand any obligation, covenant, representation or warranty of Seller or result in any new or additional obligation, covenant, representation or warranty of Seller under this Agreement beyond those expressly set forth in this Agreement).

 

Immediately after the Closing, Seller shall make available to Purchaser for pick up by Purchaser at Seller’s location where the same are presently located, to the extent in Seller’s or its property manager’s possession or control, all original (or, to the extent not available, copies of) Leases, Lease files, maintenance records, warranties, Service Contracts, Licenses and Permits, plans and specifications, certificates of

 

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occupancy, keys and other items pertaining to the Property which are being conveyed to Purchaser hereunder.

 

Section 10.4                            Prorations.

 

(a)                                 Seller and Purchaser agree to adjust, as of 11:59 p.m. on the day preceding the Closing Date (the “Proration Time”), the following (collectively, the “Proration Items”):

 

(i)                                     Rental, in accordance with Section 10.4(b) below.

 

(ii)                                  Cash Security Deposits and any prepaid rents, together with interest required to be paid thereon.  The amount of any cash Security Deposits held by Seller under Leases shall be credited against the Purchase Price (and Seller shall be entitled to retain such cash security deposits), and any Security Deposits in the form of letters of credit (collectively, the “Letters of Credit”) shall be transferred to Purchaser as set forth below.  Within three (3) Business Days after the Closing Date, Seller shall (1) deliver to the issuers of the Letters of Credit the required transfer documents in order for the issuers to process a change in the beneficiary and pay (or cause the Tenant to pay) any required transfer fee, with copies provided to Purchaser, or (2) if a Letter of Credit is not transferrable by its terms, insert in the Tenant Notice Letter  to the respective Tenant demanding such Tenant to either deliver a replacement cash or letter of credit security deposit to Purchaser for the requisite security deposit pursuant to the terms and conditions of the applicable Lease, and Seller shall return such Letter of Credit to the issuer at such time Purchaser confirms to Seller that such replacement cash or letter of credit security deposit was delivered to Purchaser.  To the extent a required transfer fee for which a Tenant is responsible under its Lease is paid by Seller, Purchaser shall bill the Tenant and use commercially reasonable efforts to seek to collect such amounts on behalf of Seller after Closing; it being understood and agreed that Purchaser shall have no obligation to commence any legal action against any Tenant. To the extent that any Letter of Credit is not transferred to Purchaser at Closing, or the documents delivered to effect such transfer are not accepted by the issuer thereof, Seller shall, at Purchaser’s request and with Purchaser’s cooperation, reasonably cooperate with Purchaser as Purchaser shall reasonably request to effect such transfer. For any Letter of Credit to be transferred after Closing, until such transfer is effected: (A) at Purchaser’s instruction upon a Tenant default, Seller will draw upon the Letter of Credit and pay the proceeds to Purchaser; and (B) under no circumstances will Seller draw upon the Letter of Credit without written authorization from Purchaser. Seller agrees that after the expiration of the Evaluation Period it will not pursue any eviction action or initiate any litigation against any Tenants or apply or draw on any Security Deposits of any Tenants against the payment of rent or other default of a Tenant; provided that Seller shall give prompt notice to Purchaser for any such application or draw of Security Deposits prior to the expiration of the Evaluation Period.  Seller’s and Purchaser’s obligations under this Section 10.4(a)(ii) shall survive Closing.

 

(iii)                               Reserved.

 

(iv)                              Utility charges payable by Seller, including, without limitation, electricity, water charges and sewer charges.  If there are meters on the Real Property, Seller will cause readings of all said meters to be performed not more than five (5) days prior to the Closing Date, and a per diem adjustment shall be made for the days between the meter reading date and the Closing Date based on the most recent meter reading.  Final readings and final billings for utilities will be made if possible as of the Closing Date, in which event no proration will be made at the Closing with respect to utility bills.  Seller will be entitled to all deposits presently in effect with the utility providers, and Purchaser will be obligated to make its own arrangements for any deposits with the utility providers.

 

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(v)                                 Real estate taxes and assessments due and payable for the calendar year.  If the Closing Date shall occur before the tax rate is fixed, the apportionment of real estate taxes and assessments shall be upon the basis of the tax rate for the preceding year applied to the latest assessed valuation.  If, subsequent to the Closing Date, real estate taxes and assessments (by reason of change in either assessment or rate or for any other reason other than as a result of the final determination or settlement of any tax appeal) for the Real Property and/or Improvements should be determined to be higher or lower than those that are apportioned, a new computation shall be made, and Seller agrees to pay Purchaser any increase shown by such recomputation and vice versa; provided, however, that if any increase in the assessed value of the Real Property and/or Improvements results from improvements made to the Property by Purchaser, then Purchaser shall be solely responsible for any increase in taxes attributable thereto.  With respect to tax appeals, any tax refunds or credits attributable to tax years prior to the tax year in which the Closing occurs shall belong solely to Seller, regardless of whether such refunds are paid or credits are given before or after Closing.  Any tax refunds or credits attributable to the tax year in which the Closing occurs shall be apportioned between Seller and Purchaser based on their respective periods of ownership in such tax year, but only after giving effect to any tax exemption that may otherwise be available to Purchaser post-Closing.  For example, if the Purchaser is totally exempt from the payment of real estate taxes post-Closing, then Purchaser would not share in any portion of the refund or credit.  If, however, the Purchaser is only partially exempt, then the apportionment shall be based on each party’s respective percentage of the total real estate tax obligations of the Property for such tax year.  The expenses of any tax appeals for the period in which the Closing occurs shall be apportioned between the parties in the same manner as the refunds and/or credits.  The provisions of this Section 10.4(a)(v) shall survive the Closing.

 

(vi)                              The value of fuel stored at the Real Property, at Seller’s most recent cost, including taxes, on the basis of a reading made within ten (10) days prior to the Closing by Seller’s supplier.

 

(vii)                           Rents and other charges payable under the Ground Lease.

 

(viii)                        Common charges, assessments, and other charges and expenses with respect to the Condominium due and payable pursuant to the Condominium Documents for the month in which the Closing occurs.

 

(ix)                              Charges, assessments and fees due and payable, if any, pursuant to the applicable Association Documents for the month in which the Closing occurs.

 

(x)                                 Amounts payable under the Service Contracts.  For avoidance of doubt, Purchaser shall be responsible for amounts payable during any post-Closing “tail period” under any Service Contracts which are being terminated by a Service Contract Termination Notice.

 

(xi)                              If at the time of Closing, the Real Property is affected by an assessment or assessments that are or may become payable in installments, the assessments payable on the date of or after Closing shall be payable by Purchaser, and the assessments payable prior to Closing shall be paid by Seller at or prior to Closing and any such payments by Seller or Purchaser shall be apportioned at Closing based on the customary rules and protocols of the location of each Property.

 

(xii)                           Such other items that are customarily prorated in transactions of this nature shall be ratably prorated in accordance with the customary rules and protocols of the location of each Property.

 

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Seller will be charged and credited for the amounts of all of the Proration Items relating to the period up to and including the Proration Time, and Purchaser will be charged and credited for all of the Proration Items relating to the period after the Proration Time.  The estimated Closing prorations shall be set forth on a preliminary closing statement to be prepared by Seller and submitted to Purchaser and Escrow Agent for review prior to the Closing Date (the “Preliminary Closing Statement”).  The Preliminary Closing Statement, once finalized, shall be signed by Purchaser, Seller and Escrow Agent, and shall be the “Closing Statement” for the transaction.  The Closing Statement may be delivered electronically.  The prorations shall be paid at Closing by Purchaser to Seller (if the prorations result in a net credit to Seller) or by Seller to Purchaser (if the prorations result in a net credit to Purchaser) by increasing or reducing the cash to be delivered by Purchaser in payment of the Purchase Price at the Closing.  If the actual amounts of the Proration Items are not known as of the Closing Date, the prorations will be made at Closing on the basis of the best evidence then available; thereafter, when actual figures are received, re-prorations will be made on the basis of the actual figures, and a final cash settlement will be made between Seller and Purchaser.  No prorations will be made in relation to insurance premiums, and Seller’s insurance policies will not be assigned to Purchaser.  The provisions of this Section 10.4(a) will survive the Closing for twelve (12) months; provided, however, that the provisions of Section 10.4(a)(v) shall survive until the date that is thirty (30) days following Purchaser’s receipt of the final tax bill or the resolution of any tax appeal, whichever is later, with respect to each Property.

 

(b)                                 Purchaser will receive a credit on the Closing Statement for the prorated amount (as of the Proration Time) of all Rental previously paid to or collected by Seller and attributable to any period following the Proration Time.  After the Closing, Seller will cause to be paid or turned over to Purchaser all Rental, if any, received by Seller after Closing and Purchaser shall apply such Rental as set forth below.  “Rental” as used herein includes fixed monthly rentals, additional rentals, percentage rentals, escalation rentals (which include each Tenant’s proration share of building operation and maintenance costs and expenses as provided for under the Lease, to the extent the same exceeds any expense stop specified in such Lease), retroactive rentals, all administrative charges, utility charges, tenant or real property association dues, storage rentals, special event proceeds, temporary rents, vending machine receipts and other sums and charges payable by Tenants under the Leases or from other occupants or users of the Property.  Rental is “Delinquent” when it was due prior to the Closing Date, and payment thereof has not been made on or before the Proration Time.  Delinquent Rental will not be prorated.  Purchaser agrees to use good faith collection procedures during the first twelve (12) full calendar months after Closing with respect to the collection of any Delinquent Rental, but Purchaser will have no liability for the failure to collect any such amounts and will not be required to pursue legal action to enforce collection of any such amounts owed to Seller by any Tenant.  All sums collected by Purchaser from and after Closing from Seller and/or each Tenant in respect of Delinquent Rental, Operating Expenses, or tenant billings for work orders, special items performed or provided at the request of a Tenant or other specific services, will be applied (i) first, to amounts which are then due and payable in connection with the month in which the Closing occurred, (ii) second, to amounts which are then due and payable in connection with the month or months following Closing, and (iii) third, to amounts which are then due and payable in connection with the month or months preceding Closing.  Any sums due Seller will be promptly remitted to Seller.  Seller reserves the right to bill and collect from Tenants any Delinquent Rental for periods prior to Closing, but may not pursue any eviction actions or initiate any litigation in pursuit of such Delinquent Rents.  The provisions of this Section 10.4(b) will survive the Closing for twelve (12) months, except that the preceding sentence of this Section 10.4(b) shall survive Closing without such 12-month limitation.

 

(c)                                  At the Closing, Seller shall deliver to Purchaser a list of additional rent, however characterized, under each Lease, including without limitation, real estate taxes, electrical charges, utility costs and operating expenses (collectively, “Operating Expenses”) billed to Tenants for the calendar year in which the Closing occurs (both on a monthly basis and in the aggregate), the basis on which the monthly amounts are being billed and the amounts incurred by Seller on account of the components of Operating Expenses for such calendar year.  Upon the reconciliation by Purchaser of the Operating Expenses billed to Tenants, and the amounts actually incurred for such calendar year, Seller and Purchaser shall be liable for

 

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overpayments of Operating Expenses, and shall be entitled to payments from Tenants, as the case may be, on a pro-rata basis based upon each party’s period of ownership during such calendar year.  Seller reserves the right to bill and collect from any Tenant directly for any Operating Expenses relating to any calendar year preceding the calendar year in which Closing occurs, but may not pursue any eviction actions or initiate any litigation in pursuit of such Operating Expenses. The provisions of this Section 10.4(c) will survive the Closing for fifteen (15) months, except that the preceding sentence of this Section 10.4(c) shall survive Closing without such 15-month limitation.

 

(d)                                 With respect to specific tenant billings for work orders, special items performed or provided at the request of a Tenant or other specific services, which are collected by Purchaser after the Closing Date but relate to the foregoing specific services rendered by Seller prior to the Proration Time, then notwithstanding anything to the contrary contained herein, Purchaser shall cause amounts collected from such Tenant which are specifically earmarked to be payment for such specific services to be paid to Seller on account thereof.  The provisions of this Section 10.4(d) shall survive Closing.

 

(e)                                  Notwithstanding any provision of this Section 10.4 to the contrary, subject to Closing hereunder, Purchaser will be solely responsible for any leasing commissions, tenant improvement costs or other expenditures (for purposes of this Section 10.4(e), “New Leasing Costs”) that are or will be incurred in connection with any (i) Lease and/or Lease amendments, renewals and/or expansions entered into during (or, if pursuant to an option, exercised during) the period commencing on January 1, 2019 and ending on the day immediately prior to the Effective Date, (ii) Lease amendments, renewals and/or expansions entered into on or after the Effective Date in accordance with Section 7.1 above, or, if pursuant to an option, exercised on or after the Effective Date, and/or (iii) new leases entered into on or after the Effective Date in accordance with Section 7.1 above.  Purchaser will pay to Seller at Closing, in addition to the Purchase Price, an amount equal to any New Leasing Costs paid by Seller.  In addition, Purchaser shall be solely responsible for any free rent, rent credit(s) and/or rent abatement(s) (1) for periods on and after the Closing provided in any Leases in existence as of the Effective Date, and (2) provided in any Leases, entered into by Seller, and approved by Purchaser, on or after the Effective Date in accordance with Section 7.1 of this Agreement.  Seller shall be solely responsible for and agrees to pay or discharge at or prior to Closing, or give Purchaser a credit against the Purchase Price, for any unpaid leasing commissions, subject to reduction in the case of the Leases to Montefiore Medical Center pursuant to Section 10.9, if applicable, (including, without limitation, those payable to any Seller Affiliate or third party leasing broker or representative), tenant improvement costs, or other landlord expenditures relating to the current term of Leases (as opposed to any future extension terms) entered into on or prior to the December 31, 2018; however, (A) Purchaser will be responsible for any tenant improvement costs with respect to the Leases to Montefiore Medical Center up to a maximum of $3,214,133.00 million and, subject to reduction pursuant to Section 10.9, if applicable, Seller will be responsible for (and credit Purchaser at Closing for) any such costs in excess of that amount with respect such Leases executed before January 1, 2019, and (B) with respect to the tenant improvement costs set forth on Schedule 10.4(e), Seller shall remain obligated after the Closing to pay the same to the respective Tenant (or pay the same to Purchaser for disbursement to the respective Tenant) only if and when requested by such Tenant in accordance with the terms and conditions of its Lease.  At Closing, the parties will equitably adjust based on projected total costs and the amounts paid by Seller as of the Closing, with a true-up post-Closing. The provisions of this Section 10.4(e) shall survive Closing.

 

(f)                                   With respect to any Lease terminations exercised by a Tenant after December 31, 2018 in accordance with the terms and conditions of its Lease, Purchaser shall be entitled to receive any lease termination or similar payments received by Seller after December 31, 2018, including, without limitation, the lease termination payment received from the tenant, My Publisher.  To the extent any such payment is received by Seller prior to Closing, Purchaser shall be granted a Purchase Price credit in the amount of such payment at Closing.

 

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Section 10.5                            Costs of Title Company and Closing Costs.  Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows:

 

(a)                                 Seller shall pay (i) Seller’s attorney’s fees; (ii) one-half (1/2) of any escrow fees; (iii) all realty transfer fees and taxes; and (iv) the cost of discharging any liens or Title Objections that Seller is obligated to, or has agreed to, discharge pursuant to the terms and conditions of this Agreement.

 

(b)                                 Purchaser shall pay (i) Purchaser’s attorney’s fees; (ii) the costs of Purchaser’s due diligence investigations with respect to the Property, including but not limited to the cost of the Updated Survey; (iii) the costs of recording the Deed and all other documents, except for discharges of any liens that Seller is obligated to, or has agreed to, discharge pursuant to the terms and conditions of this Agreement; (iv) all premiums and other costs in connection with obtaining the Title Policy, any mortgagee title insurance policy that Purchaser desires to obtain (the “Mortgagee Title Policy”) and any additional coverage or endorsements or deletions (including, without limitation, the deletion of the survey exception) to the Title Policy and/or Mortgagee Title Policy that are desired by Purchaser; (v)  if agreed to by Purchaser in advance in writing to Seller, any and all fees, charges, costs and expenses, including but not limited to the cost of any work, incurred in connection with transferring any warranties to Purchaser, provided that, and notwithstanding anything to the contrary in this Agreement, if Purchaser does not so agree, Seller does not have any obligation to assign or transfer any applicable warranties to Purchaser; and  (vi) one-half (1/2) of any escrow fees.

 

(c)                                  Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.

 

(d)                                 The provisions of this Section 10.5 shall survive Closing or the earlier termination of this Agreement.

 

Section 10.6                            Post-Closing Delivery of Tenant Notice Letters and Service Contract Terminations.  Immediately following Closing, Purchaser will deliver to (i) each Tenant a Tenant Notice Letter, as described in Section 10.2(g), and (ii) the respective service providers, a Service Contract Termination Notice, as described in Section 10.2(h).

 

Section 10.7                            Like-Kind Exchange.  Purchaser and Seller hereby acknowledge that either party may now or hereafter desire to enter into a partially or completely nontaxable exchange or exchanges (a “Section 1031 Exchange”) involving the Property (and/or any one or more of the properties comprising the Property) under Section 1031 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder.  In connection therewith, and notwithstanding anything herein to the contrary, each party consents to the other party taking any action in furtherance of effectuating a Section 1031 Exchange, including, without limitation, assigning, or causing the assignment of, this Agreement and all of such other party’s rights hereunder with respect to any or all of the Property, and/or to convey, transfer or sell any or all of the Property, to:  (a) a “qualified intermediary” (as defined in Treasury Regulations Section 1.1031(k)-1(g)(4)(iii)) (a “QI”);  (b) an “exchange accommodation titleholder” (within the meaning of Revenue Procedure 2000-37, 2000-40 IRB, as may hereafter be amended or revised) (“EAT”);  (c)  one or more limited liability companies (“LLCs”) that are wholly-owned by an EAT; or  (d)  one or more LLCs that are wholly-owned by such other party and/or any affiliate of such other party and thereafter assigning its interest in such LLCs to an EAT.  Each party agrees to (i) cooperate with the other party in effectuating the transactions described in (a) through (d), above, (ii) accept conveyance of any or all of the Property from a QI or an EAT or from any of the LLCs referred to in (c) or (d), above, and (iii) pay the consideration therefor to a QI or an EAT or any of the LLCs referred to in (c) or (d), above; provided, however, that (1) neither party shall be required to delay the Closing or incur any liabilities or obligations and (2) the requesting party shall pay all costs associated with such Section 1031 Exchange including reimbursing the non-requesting party for any costs that it incurs in connection therewith (other than di minimis expenses relating to reviewing and executing documents required in connection with the transaction, which shall not

 

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be reimbursed); and provided further that the requesting party shall provide whatever safeguards are reasonably requested by the non-requesting party, and not inconsistent with the requesting party’s desire to effectuate a Section 1031 Exchange involving any or all of the Property, to ensure that all of the requesting party’s obligations under this Agreement shall be satisfied in accordance with the terms thereof.  Nothing set forth in this Section shall require Purchaser or an EAT to take title to any property other than the Property from anyone other than Seller by direct deed. Purchaser and Seller acknowledge that a Section 1031 Exchange can only be accomplished on a nontaxable basis with respect to the Real Property and the Improvements and cannot be accomplished on a nontaxable basis with respect to the Personal Property.  Purchaser and Seller hereby agree that, between the date of this Agreement and the Closing Date, Seller and Purchaser will jointly prepare and agree to a schedule that lists and attributes a value to all of the Personal Property located at each individual Fee Property and/or Ground Leased Property that will be included in the sale of the Property.  The respective obligations of Seller and Purchaser under this Section 10.7 shall survive the Closing and shall not be merged therein.

 

Section 10.8                            Assignment of Existing Mortgage(s).  At Purchaser’s option, Seller shall use its commercially reasonable efforts to arrange for the holder of any existing mortgage(s), if any, on the Property to assign such mortgage(s) on the Property to Purchaser’s lender as customary in the State of New York, and to cooperate in all commercially reasonable manners in connection with such assignment.  If the holder of an existing mortgage agrees to such assignment, Purchaser shall pay the reasonable costs and expenses of the holder’s counsel in connection with the preparation of the assignment of such existing mortgage.

 

Section 10.9                            Specified Post Closing Covenants of Seller.

 

(a)                                 In the event that Montefiore Medical Center exercises its termination right (up to approximately 29,000 square feet) to reduce the size of its space (i.e., for a reduction of up to approximately 29,000 square feet) in accordance with the terms and conditions of its Lease, Seller shall make a one-time payment to Purchaser in an amount equal to $70.00 per square foot multiplied by the square footage of space actually terminated pursuant to such termination right.  Such payment shall be made in full by May 1, 2019. For clarification, there shall be no offset to such amount if Purchaser is able to later lease the space forfeited by the tenant.  Notwithstanding anything to the contrary, if a payment is to be made by Seller to Purchaser pursuant to this Section, the TI credit and the leasing commission credit owed by Seller to Purchaser regarding the Lease for Montefiore Medical Center will be reduced by, respectively, (i) in the case of the TI credit, 27.5% of the $15.00 per square foot TI credit attributable to the square feet of space actually terminated pursuant to such termination right (e.g. if 29,000 sq. ft. terminated, then 27.5% x $15.00 x 29,000 sq. ft. = $119,625.00), and (ii) in the case of the leasing commission credit, an amount equal to that portion of the leasing commission calculated in accordance with the respective leasing commission agreement on the rental attributable to the square feet of space actually terminated pursuant to such termination right.

 

(b)                                 Seller shall reimburse Purchaser for out—of-pocket costs, capped at $100,000.00, incurred by Purchaser to close out all building permits with respect to the Property which remain open as of Closing.  Notwithstanding anything to the contrary in this Agreement or the Other PSAs, such $100,000.00 building permits close out payment cap is an aggregate amount to be applied with respect to Seller under this Agreement and the seller under the Other PSAs and may be reached solely under this Agreement or either of the Other PSAs, or partially under this Agreement and the Other PSAs.

 

(c)                                  The provisions of this Section 10.9 will survive the Closing.

 

ARTICLE XI

CASUALTY AND CONDEMNATION

 

Section 11.1                            Casualty.  If, prior to the Closing Date, the Property or any portion thereof is destroyed or damaged by fire or other casualty (a “Damage Event”), Seller will promptly notify Purchaser

 

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of such Damage Event.  If there is a Material Damage Event with respect to an individual Property, Purchaser shall have the option, to be exercised within fifteen (15) days after receipt of notice of such Material Damage Event, to amend this Agreement to remove the individual Property that is the subject of the Material Damage Event from this Agreement and, if necessary, the Scheduled Closing Date shall be automatically extended to give Purchaser the full fifteen (15) day period to make such election.  If Purchaser so elects to amend this Agreement, the Purchase Price shall be accordingly reduced by the Allocation for such individual Property, and the parties shall enter into an amendment to this Agreement confirming the removal of such individual Property and the applicable reduction of the Purchase Price.  “Material Damage Event” with respect to an individual Property means a Damage Event with respect to such individual Property if: (i) the cost of restoration or repair exceeds the greater of (x) ten percent (10%) of the Allocation for such individual Property and (y) $500,000.00; (ii) the Damage Event, including any abatements of rent for a Major Tenant, is not covered by Seller’s or such Tenant’s insurance (excluding any deductible paid for by Seller or such Tenant); (iii) ingress or egress to, the parking for, or the current use and operation of such individual Property are materially and adversely affected with no viable alternative available in lieu thereof; (iv) the Damage Event causes any Major Tenant’s Lease to automatically terminate by its terms or any Major Tenant terminates its Lease in accordance with its terms because of such Damage Event or any Major Tenant has not waived in writing any right which it has, if any, to terminate its Lease because of such Damage Event unless such right is not likely to arise; or (v) the Damage Event causes any Ground Lease to automatically terminate by its terms or any ground Lessor terminates any Ground Lease in accordance with its terms because of such Damage Event or any ground lessor has not waived in writing any right which it has, if any, to terminate any Ground Lease because of such Damage Event.  In addition to the foregoing, in the event that there is a Damage Event or Damage Events with respect to the Property or any portions thereof, or the “Property” or any portion thereof under either of the Other PSAs, where the cost of restoration or repairs, in the aggregate, exceeds twenty percent (20%) of the total Purchase Price under this Agreement and the Other PSAs (a “Total Damage Event”), Purchaser shall have the option to be exercised within fifteen (15) days after receipt of notice of any such Damage Event, to terminate this Agreement in its entirety, and the Closing Date shall be automatically extended to give Purchaser the full fifteen (15) day period to make such election.  Upon such termination, the Earnest Money Deposit shall be returned to Purchaser, whereupon Seller and Purchaser will have no further rights or obligations under this Agreement, except with respect to the Termination Surviving Obligations.  In the event of a Damage Event which is not a Material Damage Event or a Total Damage Event, or if Purchaser does not otherwise elect to remove an individual Property from the terms of this Agreement with respect to a Material Damage Event or to terminate this Agreement in the event of a Total Damage Event in accordance with the terms hereof, then (a) at Closing Seller will assign and turn over to Purchaser Seller’s insurance proceeds, including, without limitation, business interruption insurance, net of reasonable collection costs (or if such have not been awarded, all of its right, title and interest therein) payable with respect to the Damage Event (which right of Purchaser shall survive Closing), (b) Seller will not be obligated to repair such damage or destruction, and (c) the parties will proceed to Closing pursuant to the terms hereof without abatement of the Purchase Price (except for any reduction thereto by the Allocation of any individual Property that has been removed from this Agreement), except that Purchaser will receive a credit against the Purchase Price for any insurance deductible amount.  In the event Seller elects to perform any work in an effort to make the Property safe and secure after the Damage Event and to protect the Property from further damage, Seller will be entitled to deduct its reasonable costs and expenses from any amount to which Purchaser is entitled under this Section 11.1, which right shall survive the Closing.  Seller shall not settle any claim with respect to any destruction, damage, fire or Damage Event concerning the Property or any part thereof or spend any award or proceeds for repairs or restoration without obtaining Purchaser’s prior written consent in each case, which consent shall not be unreasonably withheld, conditioned or delayed.

 

Section 11.2                            Condemnation of Property.  If proceedings in eminent domain are threatened, instituted or concluded with respect to, or if any of the Authorities prior to the Closing Date indicates in writing its offer to purchase, any individual Property or any part thereof, prior to the Closing, Seller shall notify Purchaser in writing of such fact promptly after obtaining knowledge thereof.  In the event of any such threatened or actual condemnation or sale in lieu thereof with respect to any individual Property or

 

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any part thereof,  (i) where the award or the cost of restoration exceeds the greater of (x) ten percent (10%) of the Allocation for such individual Property and (y) $500,000.00, (ii) which materially and adversely affects the ingress or egress to, the parking for, or the current use and operation of the individual Property with no viable alternative available in lieu thereof,  (iii) where any Major Tenant’s Lease automatically terminates by its terms or any Major Tenant terminates its Lease in accordance with its terms because of such condemnation, or any Major Tenant has not waived in writing any right which it has, if any, to terminate its Lease because of such condemnation unless such right is not likely to arise, or (iv) where any Ground Lease automatically terminates by its terms or the ground lessor terminates any Ground Lease in accordance with its terms because of such condemnation or any ground lessor has not waived in writing any right which it has, if any, to terminate any Ground Lease because of such condemnation (each, a “Major Taking”), Purchaser will have the option, to be exercised within fifteen (15) days after receipt of notice of such Major Taking, to amend this Agreement to remove the individual Property that is the subject of such Major Taking from the Property and, if necessary, the Scheduled Closing Date shall be automatically extended to give Purchaser the full fifteen (15) day period to make such election.  If Purchaser so elects to amend this Agreement, the Purchase Price shall be accordingly reduced by the Allocation for such individual Property, and the parties shall enter into an amendment to this Agreement confirming the removal of such individual Property and the applicable reduction of the Purchase Price. In the event that either (i) any condemnation or sale in lieu of condemnation of the Property which is not a Major Taking; or (ii) Purchaser does not elect to amend this Agreement pursuant to the preceding sentence, (a) at the Closing Seller will assign and turn over to Purchaser any and all awards for and/or the proceeds of such condemnation or sale, net of reasonable collection costs (or if such have not been awarded, all of its right, title and interest therein), to the extent the same are applicable to the Property (which right of Purchaser shall survive Closing), (b) Seller will not be obligated to restore the Property, and (c) the parties will proceed to Closing pursuant to the terms hereof without abatement of the Purchase Price (except for any reduction thereto by the Allocation of any individual Property that has been removed from this Agreement).  Unless Purchaser has elected to amend this Agreement to eliminate an individual Property, Seller shall not settle any claim with respect to any condemnation, condemnation proceeding or offer concerning the Property or any part thereof or spend any award for repairs or restoration without obtaining Purchaser’s prior written consent in each case, which consent shall not be unreasonably withheld, conditioned or delayed.

 

Section 11.3                            Supersede Statute.   The provisions of this Section 11.1 and 11.2 are intended to, and for all purposes shall be deemed to, supersede and override the provisions of NY General Obligations Law Section 5-1311.

 

ARTICLE XII

CONFIDENTIALITY

 

Section 12.1                            Confidentiality. Seller and, prior to the Closing, Purchaser each expressly acknowledge and agree that the transactions contemplated by this Agreement and the terms, conditions, and negotiations concerning the same will be held in the strictest confidence by each of them and will not be disclosed by either of them except to their respective legal counsel, accountants, consultants, officers, partners, directors, and shareholders, and in the case of Purchaser, its Permitted Outside Parties, and except and only to the extent that such disclosure may be necessary for their respective performances hereunder.  Purchaser further acknowledges and agrees that, unless and until the Closing occurs, all information obtained by Purchaser in connection with the Property will not be disclosed by Purchaser to any third persons, other than Permitted Outside Parties, without the prior written consent of Seller.  Nothing contained in this Article XII will preclude or limit either party to this Agreement from disclosing or accessing any information otherwise deemed confidential under this Article XII in response to lawful process or subpoena or other valid or enforceable order of a court of competent jurisdiction or any filings with governmental authorities or filings with any national stock exchange required by reason of the transactions provided for herein pursuant to advice of counsel, or as may be otherwise required by law.  Nothing in this Article XII will negate, supersede or otherwise affect the obligations of the parties under the Right of Access and Confidentiality Agreement or Confidentiality Agreement.  In addition, prior to the

 

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Closing, any release to the public of information with respect to the sale contemplated herein or any matters set forth in this Agreement will be made only in a form approved by Purchaser and Seller and their respective counsel, which approval shall not be unreasonably withheld, conditioned or delayed.  The provisions of this Section 12.1 are subject to the Section 12.2.

 

Section 12.2                            Notwithstanding anything to the contrary in Section 12.1, upon the execution of this Agreement, MCRLP and MCRC shall have the right to make such public announcements or filings as may be required by (i) the Securities Act, (ii) the Exchange Act, (iii) the rules and listing standards of the New York Stock Exchange, Inc., or (iv) any other law of a jurisdiction to which MCRLP and MCRC are subject.  MCRLP and MCRC also shall have the right to make such public announcements or filings as they may deem reasonably prudent, and shall be entitled to make such filings or announcements upon advice of counsel as may be otherwise be deemed necessary; provided that in all cases, such filings or announcements shall not include reference to HIG (other than via attachments of this Agreement or the Other PSAs to an 8-K or other regulatory filing) and shall be substantially consistent with the Form 8-K (or other regulatory filing) and related press release which Purchaser has approved prior to expiration of this Agreement.  In this connection, it should be noted that MCRC has determined that the entry into this Agreement will need to be disclosed within four (4) Business Days of its execution on a Current Report on Form 8-K under Item 1.01 thereof and that this Agreement will be filed as an exhibit thereto or be filed as an exhibit to the MCRC’s next following periodic report filed pursuant to the Exchange Act.  Purchaser acknowledges receipt and approval of a draft of such Form 8-K.

 

Section 12.3                            The provisions of this Article XII will survive the Closing or any termination of this Agreement.

 

ARTICLE XIII

REMEDIES

 

Section 13.1                            Default by Seller.  In the event the Closing and the transactions contemplated hereby do not occur as herein provided by reason of any failure of the Purchaser’s conditions to close pursuant to Section 9.1, Purchaser may, as Purchaser’s sole and exclusive remedies, if such condition failure is not cured within ten (10) Business Days’ after Purchaser’s notice to Seller expressly setting forth such condition failure, elect by notice to Seller at any time, but in no event later than twenty (20) Business Days following the Scheduled Closing Date, any of the following: (a) if such condition failure is with respect to one or more individual Property(ies) or properties under either of the Other PSAs which, in the aggregate, have an Allocation of more than $50,000,000.00, or the entire transaction contemplated by this Agreement, terminate this Agreement in its entirety in which event (i) Purchaser will receive from the Escrow Agent the Earnest Money Deposit, whereupon Seller and Purchaser will have no further rights or obligations under this Agreement, except with respect to the Termination Surviving Obligations, and if such condition failure is under (1) Section 9.1(a) - except due to a failure under Section 10.3(n), (o), (r) or (v), (2) Section 9.1(b) or (3) Section 9.1(c), Seller shall reimburse Purchaser for Purchaser’s Transaction Costs (which obligation of Seller shall survive the termination of this Agreement); (b) if such condition failure is applicable to one or more individual Property(ies) or properties under either of the Other PSAs which, in the aggregate, have an Allocation of less than or equal to $50,000,000.00, amend this Agreement to remove one or more such individual Property(ies) affected by such condition failure and reduce the Purchase Price by an amount equal to the Allocation for such Property(ies); (c) enforce specific performance of Seller’s obligation to close the transactions contemplated hereby in accordance with the terms hereof and to convey the Property to Purchaser (and Purchaser shall have the right to file a lis pendens against the Property in connection therewith), it being understood and agreed that the remedy of specific performance shall not be available to enforce any other obligation of Seller hereunder (for clarification, in conjunction with its remedy under Section 13.1(b) hereof, Seller’s remedy of specific performance may be pursued with respect to all Properties not removed from this Agreement pursuant to Section 13.1(b)); or (d) waive such condition failure (except as prohibited pursuant to Section 9.1, unless agreed to by Seller) and close the transactions

 

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contemplated by this Agreement.  Purchaser expressly waives its rights to seek damages in the event of Seller’s default hereunder, except pursuant to this Section 13.1 or in connection with Seller’s willful failure to close the transactions contemplated hereby or seller under either of the Other PSAs willfully failing to close thereunder, in either which case, if specific performance is not available to Purchaser hereunder or purchaser under the Other PSAs, Purchaser shall have all available remedies available to Purchaser at law and/or in equity.  Purchaser shall be deemed to have elected (a) or (b), as applicable, above if Purchaser fails to notify Seller of its election prior to the date that is twenty (20) Business Days following the Scheduled Closing Date. Notwithstanding the foregoing, nothing contained in this Section 13.1 will limit Purchaser’s remedies at law, in equity or as herein provided in pursuing remedies for a breach by Seller of any of the Termination Surviving Obligations. Seller and Purchaser agree that any termination of either of the Other PSAs pursuant to the default by seller provisions in such Other PSA shall automatically terminate this Agreement pursuant to the corresponding provisions of this Agreement and Purchaser shall have the right to pursue its applicable corresponding remedies with respect thereto.  For the avoidance of doubt, if any representation or warranty of Seller was true when made but thereafter, prior to Closing, shall no longer be true in any material respect as a result of circumstances outside of the reasonable control of Seller, while such change shall be a failure of a condition to Purchaser’s obligation to close, it shall not be a default by Seller.

 

Section 13.2                            Default by Purchaser.  In the event the Closing and the consummation of the transactions contemplated herein do not occur as provided herein by reason of any default of Purchaser, Purchaser and Seller agree it would be impractical and extremely difficult to fix the damages which Seller may suffer.  Purchaser and Seller hereby agree that if Purchaser’s default is not cured within ten (10) Business Days after Seller’s notice to Purchaser expressly setting forth such default (a) an amount equal to the Earnest Money Deposit is a reasonable estimate of the total net detriment Seller would suffer in the event Purchaser defaults and fails to complete the purchase of the Property, and (b) such amount will be the full, agreed and liquidated damages for Purchaser’s default and failure to complete the purchase of the Property, and will be Seller’s sole and exclusive remedy (whether at law or in equity) for any default of Purchaser beyond the foregoing notice and cure period resulting in the failure of consummation of the Closing, whereupon this Agreement will terminate and Seller and Purchaser will have no further rights or obligations hereunder, except with respect to the Termination Surviving Obligations.  The payment of such amount as liquidated damages is not intended as a forfeiture or penalty but is intended to constitute liquidated damages to Seller. Notwithstanding the foregoing, nothing contained herein will limit Seller’s remedies at law, in equity or as herein provided in the event of a breach by Purchaser of any of the Termination Surviving Obligations. Seller and Purchaser agree that any termination of either of the Other PSAs pursuant to the default by purchaser provisions in such Other PSA shall automatically terminate this Agreement.  Notwithstanding anything herein to the contrary, Purchaser shall have the right to cure any and all Purchaser defaults by delivering all of Purchaser’s closing deliverables under and in accordance with Section 10.2 of this Agreement and otherwise being ready, willing and able to close the transactions contemplated by this Agreement on the Scheduled Closing Date.

 

ARTICLE XIV

NOTICES

 

Section 14.1                            Notices.

 

(a)                                 Except to the extent expressly provided to the contrary elsewhere in this Agreement, all notices or other communications required or permitted hereunder shall be in writing, and shall be given by any nationally recognized overnight delivery service with proof of delivery, or by e-mail (provided that such e-mail is identified as an official notice pursuant to this Section 14.1), sent to the intended addressee at the addresses or e-mail address set forth below, or to such other addresses or e-mail address or to the attention of such other persons as the addressee will have designated by written notice sent in accordance herewith. Unless changed in accordance with the preceding sentence, the addresses for notices given pursuant to this Agreement will be as follows:

 

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If to Purchaser:            RMC Acquisition Entity, LLC

c/o Robert Martin Company, LLC

100 Clearbrook Road

Elmsford, NY 10523

Attn.: Timothy Jones

(914) 593-7915 (tele.)

E-mail: tjones@rmcdev.com

 

with a copy to:                                                               Cohn Birnbaum & Shea P.C.

100 Pearl Street – 12th Floor

Hartford, CT 06103

Attn.:  Richard J. Shea, Jr.

(860) 493-2230 (tele.)

E-mail: rshea@cbshealaw.com

 

with a copy to:                                                               Kirkland & Ellis LLP

601 Lexington Avenue

New York, NY 10022

Attn:  Christopher L. Hartmann, P.C.

(212) 446-4730 (tele.)

E-mail: christopher.hartmann@kirkland.com

 

If to Seller:                                                                                    c/o Mack-Cali Realty Corporation

Harborside 3

210 Hudson Street,

Suite 400

Jersey City, NJ 07311

Attn.: Mr. Ricardo Cardoso

(732) 590-1048 (tele.)

E-mail: Rcardoso@mack-cali.com

 

with a copy to:                                                               Gary T. Wagner, Esq.

at the same address

(732) 590-1516 (tele.)

E-mail: Gwagner@mack-cali.com

 

With a copy to                                                                Lawrence J. Reiss, Esq.

c/o Mack-Cali Realty Corporation

100 Clearbrook Road

Elmsford, New York 10523

(914) 593-7908 (tele.)

E-mail: Lreiss@mack-cali.com

 

And with a copy to                                         Seyfarth Shaw LLP

620 Eighth Avenue

New York, New York 10018

Attention:  Miles M. Borden, Esq.

(212) 218-5266 (tele.)

E-mail: mborden@seyfarth.com

 

If to Escrow Agent:                                       First American Title Insurance Company

National Commercial Services

666Third Avenue, 5th Floor

 

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New York, New York 10017

Attn: Anthony Moretta

(212) 850-0618 (tele.) 

E-mail: amoretta@firstam.com

 

(b)                                 Notices given by (i) overnight delivery service as aforesaid shall be deemed received and effective on the first Business Day following such dispatch and (ii) e-mail as aforesaid shall be deemed given at the time and on the date of the e-mail provided same is sent prior to 6:00 p.m. Eastern Time on a Business Day (if sent later, then notice shall be deemed given on the next Business Day).  Notices may be given by counsel for the parties described above, and such notices shall be deemed given by said party for all purposes hereunder.

 

ARTICLE XV

ASSIGNMENT

 

Section 15.1                            Assignment: Binding Effect.  Purchaser shall not have the right to assign this Agreement, except as expressly provided herein. Purchaser may assign all or any portion of this Agreement, upon written notice to Seller given not less than ten (10) Business Days prior to the Closing Date, identifying the assignee or assignees, (i) (a) to any entity or entities in which RMC and/or direct or indirect equity holders in RMC owns or holds a direct or indirect economic interest of at least ten percent (10%) or (b) to a joint venture entity between one or more Purchaser’s Affiliates and an entity owned and/or controlled, directly or indirectly, by HIG or any affiliate of HIG (each such entity described in the foregoing clause (i)(a) or (i)(b), a “Permitted Assignee”), (ii) to one or more entities created and wholly owned by Purchaser or a Permitted Assignee to acquire the Property, and/or (iii) pursuant to the terms of Section 10.7 hereof. This Agreement, and the terms, covenants, and conditions herein contained, shall inure to the benefit of and be binding upon the heirs, personal representatives, successors, and assigns of each of the parties hereto, and in no event (including an assignment of this Agreement) shall Purchaser named hereunder be relieved or released from its obligations hereunder. Subject to the terms of Section 10.7, Seller shall not have the right to assign this Agreement or its rights or obligations hereunder, without first obtaining the written consent of Purchaser in its sole and absolute discretion.

 

ARTICLE XVI

BROKERAGE

 

Section 16.1                            Brokers.  If the Closing occurs, Seller agrees to pay to Holiday Fenoglio Fowler, L.P. (the “Broker”) a brokerage commission pursuant to a separate agreement by and between Seller and Broker.  Purchaser and Seller represent that they have not dealt with any brokers, finders or salesmen in connection with this transaction other than Broker, and agree to indemnify, defend and hold each other harmless from and against any and all loss, cost, damage, liability or expense, including reasonable attorneys’ fees, which either party may sustain, incur or be exposed to by reason of any claim for fees or commissions made through the other party or its affiliates. The provisions of this Article XVI will survive any Closing or termination of this Agreement.

 

ARTICLE XVII

ESCROW AGENT

 

Section 17.1                            Escrow.

 

(a)                                 Escrow Agent will hold the Earnest Money Deposit in escrow in an interest-bearing account of the type generally used by Escrow Agent for the holding of escrow funds until the earlier of (i) the Closing, or (ii) the termination of this Agreement in accordance with any right hereunder. In the event Purchaser provides a Notice to Proceed to Seller prior to the expiration of the Evaluation Period pursuant to Section 5.3(c) herein, the Earnest Money Deposit shall, except as otherwise provided in this Agreement, be non-refundable to Purchaser and shall be credited against the Purchase Price at the Closing.

 

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All interest earned on the Earnest Money Deposit shall become part of the Earnest Money Deposit and shall paid to the party entitled to the Earnest Money Deposit pursuant to the terms of this Agreement. In the event this Agreement is terminated prior to the expiration of the Evaluation Period pursuant to Section 5.3(c) herein, then the Earnest Money Deposit will be returned by the Escrow Agent to Purchaser within one (1) Business Day following any such termination. In the event this Agreement is terminated for any other reason, then the Earnest Money Deposit will be disbursed by the Escrow Agent to the party entitled thereto pursuant to the applicable terms and provisions of this Agreement. In the event the Closing occurs, the Earnest Money Deposit will be released to Seller, and Purchaser shall receive a credit against the Purchase Price in the amount of the Earnest Money Deposit. Escrow Agent shall not release the Earnest Money Deposit to either party until Escrow Agent has been requested in writing by Seller or Purchaser to release the Earnest Money Deposit and has given the other party written notice of such request and five (5) Business Days thereafter to dispute, or consent to, the release of the Earnest Money Deposit; provided, however, that if this Agreement is terminated prior to the expiration of the Evaluation Period pursuant to Section 5.3(c), then Escrow Agent is authorized to, and shall, deliver the Earnest Money Deposit to Purchaser within one (1) Business Day following any such termination, and neither Seller nor Purchaser shall have any right to object to such delivery to Purchaser or disbursement to Seller. Purchaser represents that its tax identification number, for purposes of reporting the interest earnings, is 46-2953085.  Seller represents that it is a disregarded entity as defined in Treasury Regulations Section 1.1445-2(b)(2)(iii) (“Disregarded Entity”).  Mack-Cali Realty, L.P. (“Owner”) is the direct owner of Seller and is not a Disregarded Entity. Seller represents that Owner’s tax identification number, for purposes of reporting the interest earnings, is 22-3315804.

 

(b)                                 Escrow Agent shall not be liable to any party for any act or omission, except for Escrow Agent’s bad faith, gross negligence, willful misconduct or beach of this Agreement, and the parties agree to indemnify Escrow Agent and hold Escrow Agent harmless from any and all claims, damages, losses or expenses arising in connection herewith, except to the extent arising from Escrow Agent’s bad faith, gross negligence, willful misconduct or breach of this Agreement.  The parties acknowledge that Escrow Agent is acting solely as stakeholder for their mutual convenience.  In the event Escrow Agent receives written notice of a dispute between the parties with respect to the Earnest Money Deposit, Escrow Agent shall not release and deliver the Earnest Money Deposit to either party but may either (i) continue to hold the Earnest Money Deposit until otherwise directed in a writing signed by all parties hereto or (ii) deposit the Earnest Money Deposit with the clerk of any court of competent jurisdiction if such dispute is not resolved within ninety (90) days of notice thereof. Upon such deposit, Escrow Agent will be released from all further duties and responsibilities hereunder. Escrow Agent shall have the right to consult with separate counsel of its own choosing (if it deems such consultation advisable) and shall not be liable for any action taken, suffered or omitted by it in accordance with the reasonable advice of such counsel.

 

(c)                                  Escrow Agent shall not be required to defend any legal proceeding which may be instituted against it with respect to the Earnest Money Deposit, the Property or the subject matter of this Agreement unless requested to do so by Purchaser or Seller and unless Escrow Agent is indemnified to its satisfaction against the cost and expense of such defense.  Escrow Agent shall not be required to institute legal proceedings of any kind and shall have no responsibility for the genuineness or validity of any document or other item deposited with it or the collectability of any check delivered in connection with this Agreement. Escrow Agent shall be fully protected in acting in good faith in accordance with any written instructions given to it hereunder and believed by it in good faith to have been signed by the proper parties.

 

(d)                                 Escrow Agent acknowledges and agrees to the terms and provisions of Article IV of this Agreement.

 

(e)                                  The provisions of this Article XVII shall survive Closing or the earlier termination of this Agreement.

 

59

 

ARTICLE XVIII

MISCELLANEOUS

 

Section 18.1                            Waivers.  No waiver of any breach of any covenant or provisions contained herein will be deemed a waiver of any preceding or succeeding breach thereof, or of any other covenant or provision contained herein.  No extension of time for performance of any obligation or act will be deemed an extension of the time for performance of any other obligation or act.

 

Section 18.2                            Recovery of Certain Fees.  In the event a party hereto files any action or suit against another party hereto by reason of any breach of any of the covenants, agreements or provisions contained in this Agreement, then in that event the prevailing party will be entitled to have and recover certain fees from the other party including all reasonable attorneys’ fees and costs resulting therefrom. For purposes of this Agreement, the term “attorneys’ fees” or “attorneys’ fees and costs” shall mean the fees and expenses of counsel to the parties hereto, which may include printing, photocopying, duplicating and other expenses, air freight charges, and fees billed for law clerks, paralegals and other persons not admitted to the bar but performing services under the supervision of an attorney, and the costs and fees incurred in connection with the enforcement or collection of any judgment obtained in any such proceeding.  The provisions of this Section 18.2 shall survive the entry of any judgment, and shall not merge, or be deemed to have merged, into any judgment.

 

Section 18.3                            Construction.  Headings at the beginning of each Article and Section are solely for the convenience of the parties and are not a part of this Agreement.  Whenever required by the context of this Agreement, the singular will include the plural and the masculine will include the feminine and vice versa.  This Agreement will not be construed as if it had been prepared by one of the parties, but rather as if both parties had prepared the same.  All exhibits and schedules referred to in this Agreement are attached and incorporated by this reference, and any capitalized term used in any exhibit or schedule which is not defined in such exhibit or schedule will have the meaning attributable to such term in the body of this Agreement. In the event the date on which Purchaser or Seller is required to take any action under the terms of this Agreement is not a Business Day, the action will be taken on the next succeeding Business Day. If more than one entity executes this Agreement as Purchaser, then each of the entities constituting Purchaser shall be jointly and severally liable for the obligations of all such entities hereunder. If more than one entity executes this Agreement as Seller, then each of the entities constituting Seller shall be jointly and severally liable for the obligations of all such entities hereunder.

 

Section 18.4                            Counterparts.  This Agreement may be executed in multiple counterparts, each of which, when assembled to include a signature for each party contemplated to sign this Agreement, will constitute a complete and fully executed Agreement.  All such fully executed counterparts will collectively constitute a single agreement.  The delivery of a copy of an executed counterpart of this Agreement via electronic means, such as e-mail, PDF, or facsimile, shall be as legally binding on the party so delivering same as the delivery of a counterpart bearing an original signature.

 

Section 18.5                            Severability.  If any term or other provision of this Agreement is invalid, illegal, or incapable of being enforced by any rule of law or public policy, all of the other conditions and provisions of this Agreement will nevertheless remain in full force and effect, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any adverse manner to either party.  Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Agreement so as to reflect the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.

 

Section 18.6                            Entire Agreement.  This Agreement, the Other PSAs, the Confidentiality Agreement and the Right of Access and Confidentiality Agreement are the final expression of, and contain the entire agreement between, the parties with respect to the subject matter hereof, and supersedes all prior understandings with respect thereto.  This Agreement may not be modified, changed, supplemented or

 

60

 

terminated, nor may any obligations hereunder be waived, except by written instrument, signed by the party to be charged or by its agent duly authorized in writing, or except as otherwise expressly permitted herein.

 

Section 18.7                            Governing Law. THIS AGREEMENT WILL BE CONSTRUED, PERFORMED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. SELLER AND PURCHASER HEREBY IRREVOCABLY SUBMIT TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND HEREBY IRREVOCABLY AGREE THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING SHALL BE HEARD AND DETERMINED IN A STATE OR FEDERAL COURT SITTING IN THE STATE OF NEW YORK.

 

Section 18.8                            No Recording.  Subject to Section 13.1 with respect to Purchaser’s right to file a lis pendens with respect to the Property, the parties hereto agree that neither this Agreement nor any affidavit or memorandum concerning it will be recorded, and any recording of this Agreement or any such affidavit or memorandum by Purchaser or Seller will be deemed a material default by (as applicable) Purchaser or Seller hereunder.

 

Section 18.9                            Further Actions. The parties agree to execute such instructions to the Title Company and such other instruments and to do such further acts as may be reasonably necessary to carry out the provisions of this Agreement.

 

Section 18.10                     Exhibits.  The following sets forth a list of Exhibits to the Agreement:

 

Exhibit A-1                                            Legal Description of 1, 3 and 5 Westchester Plaza

Exhibit A-2                                            Legal Description of  2, 4, and 6 Westchester Plaza

Exhibit A-3                                            Intentionally deleted

Exhibit A-4                                            Intentionally deleted

Exhibit A-5                                            Intentionally deleted

Exhibit A-6                                            Intentionally deleted

Exhibit A-7                                            Legal Description of 7 Westchester Plaza

Exhibit A-8                                            Legal Description of 8 Westchester Plaza

Exhibit A-9                                            Legal Description of 50 Executive Boulevard

Exhibit A-10                                     Legal Description of 77 Executive Boulevard

Exhibit A-11                                     Legal Description of 85 Executive Boulevard

Exhibit A-12                                     Legal Description of 101 Executive Boulevard

Exhibit A-13                                     Legal Description of 300 Executive Boulevard

Exhibit A-14                                     Legal Description of 350 Executive Boulevard

Exhibit A-15                                     Legal Description of 399 Executive Boulevard

Exhibit A-16                                     Legal Description of 400 and 500 Executive Boulevard

Exhibit A-17                                     Intentionally deleted

Exhibit A-18                                     Legal Description of 525 Executive Boulevard

Exhibit A-19                                     Legal Description of 11 Clearbrook Road

Exhibit A-20                                     Legal Description of 75 and 125 Clearbrook Road

Exhibit A-21                                     Legal Description of 100 Clearbrook Road

Exhibit A-22                                     Intentionally deleted

Exhibit A-23                                     Legal Description of 150 Clearbrook Road

Exhibit A-24                                     Legal Description of 175 Clearbrook Road

Exhibit A-25                                     Legal Description of 200 Clearbrook Road

Exhibit A-26                                     Legal Description of 250 Clearbrook Road

Exhibit A-27                                     Legal Description of 1 Odell Plaza

Exhibit A-28                                     Legal Description of 3 Odell Plaza

Exhibit A-29                                     Legal Description of 5 and 7 Odell Plaza

 

61

 

Exhibit A-30                                     Intentionally deleted

Exhibit A-31                                     Legal Description of 1 Executive Boulevard

Exhibit A-32                                     Legal Description of 2 Executive Plaza

Exhibit A-33                                     Legal Description of 3 Executive Boulevard

Exhibit A-34                                     Legal Description of 4 Executive Plaza

Exhibit A-35                                     Legal Description of 6 Executive Plaza

Exhibit A-36                                     Legal Description of 100 Corporate Boulevard

Exhibit A-37                                     Legal Description of 200 Corporate Boulevard South

Exhibit A-38                                     Legal Description of 225 Corporate Boulevard

Exhibit A-39                                     Legal Description of 1 Skyline Drive

Exhibit A-40                                     Legal Description of 2 Skyline Drive

Exhibit A-41                                     Intentionally deleted

Exhibit A-42                                     Legal Description of 5 Skyline Drive

Exhibit A-43                                     Intentionally deleted

Exhibit A-44                                     Legal Description of 7 Skyline Drive

Exhibit A-45                                     Legal Description of 8 Skyline Drive

Exhibit A-46                                     Intentionally deleted

Exhibit A-47                                     Legal Description of 11 Skyline Drive

Exhibit A-48                                     Legal Description of 12 Skyline Drive

Exhibit A-49                                     Legal Description of 15 Skyline Drive

Exhibit A-50                                     Legal Description of 17 Skyline Drive

Exhibit A-51                                     Legal Description of 200 Saw Mill River Road

Exhibit A-52                                     Legal Description of 240 White Plains Road

Exhibit B -                                                Assignment of Service Contracts

Exhibit C -                                                Assignment of Lease Obligations

Exhibit D -                                                Bill of Sale

Exhibit D-1 -                                     Motor Vehicles

Exhibit E -                                                 Ground Lease Assignment

Exhibit F -                                                  Service Contracts

Exhibit G -                                                Lease Schedule

Exhibit H -                                               Tenant Estoppel

Exhibit H-1                                           Ground Lease Estoppel

Exhibit I -                                                    Certificate as to Foreign Status

Exhibit J -                                                    Leasing Commission Agreements

Exhibit K -                                                Assignment of Maintenance Declaration

Exhibit L -                                                 Deed

Exhibit M -                                             Owner’s Affidavit

Exhibit N -                                                Association Estoppel Certificate

Exhibit O-                                                   HIG Wire Instructions

Exhibit P -                                                  Major Tenants and SNDA Tenants

Exhibit Q -                                                ROFO (Mack) Affidavit

Exhibit R -                                                ROFO (RM) Affidavit

Exhibit S -                                                  SNDA

Schedule 1.1                                     List of Property by Park; List of Fee Property and Ground Leased Property

Schedule 3.1 -                              Purchase Price Allocation

Schedule 7.5 -                              ROFO Party

Schedule 8.1 -                              Exceptions to Seller’s Representations and Warranties

Schedule 8.1(r) -                                                        Accounts Receivable Aging Report

Schedule 10.4(e) -                                               Potential Post-Closing Tenant Improvement Payments

 

Section 18.11                     No Partnership.  Notwithstanding anything to the contrary contained herein, this Agreement shall not be deemed or construed to make the parties hereto partners or joint venturers, it being

 

62

 

the intention of the parties to merely create the relationship of Seller and Purchaser with respect to the Property to be conveyed as contemplated hereby.

 

Section 18.12                     Limitations on Benefits.  It is the explicit intention of Purchaser and Seller that no person or entity other than Purchaser, any Permitted Assignee, Seller and Seller’s Affiliates and their permitted successors and assigns is or shall be entitled to bring any action to enforce any provision of this Agreement against any of the parties hereto, and the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, Purchaser, any Permitted Assignee, Seller and Seller’s Affiliates or their respective successors and assigns as permitted hereunder.  Except as set forth in this Section 18.12, nothing contained in this Agreement shall under any circumstances whatsoever be deemed or construed, or be interpreted, as making any third party (including, without limitation, Broker) a beneficiary of any term or provision of this Agreement or any instrument or document delivered pursuant hereto, and Purchaser and Seller expressly reject any such intent, construction or interpretation of this Agreement.

 

Section 18.13                     Discharge of Obligations.  Subject to Section 18.14, the acceptance of the Deed and Ground Lease Assignment by Purchaser shall be deemed to be a full performance and discharge of every representation and warranty made by Seller herein and every agreement and obligation on the part of Seller to be performed pursuant to the provisions of this Agreement, in each case except those which are herein specifically stated to survive the Closing.

 

Section 18.14                     Survival.  The provisions of this Agreement that contemplate performance after the Closing and the obligations of the parties not fully performed at the Closing shall survive the Closing and shall not be deemed to be merged into or waived by the instruments of Closing.

 

Section 18.15                     Other PSAs.

 

(a)                                 The Closing under this Agreement and the closings under the Other PSAs shall occur simultaneously and the closings under this Agreement and the Other PSAs are each conditioned upon closing under the other;

 

(b)                                 A default by Seller under this Agreement shall be a default by the seller under the Other PSAs, and a default by the seller under either of the Other PSAs shall be a default by Seller under this Agreement, and, in either case, entitling Purchaser under this Agreement and purchaser under the Other PSAs, as applicable, to its specified remedies for a Seller default under this Agreement and a seller default under the Other PSAs; provided that such Purchaser and purchaser must pursue the same such remedy under this Agreement and the Other PSAs;

 

(c)                                  A default by Purchaser under this Agreement shall be a default by purchaser under the Other PSAs, and a default by purchaser under either of the Other PSAs shall be a default by Purchaser under this Agreement, and, in either case, entitling Seller under this Agreement and seller under the Other PSAs, as applicable, to its specified remedies for a Purchaser default under this Agreement and a purchaser default under the Other PSAs; provided that such Seller and seller must pursue the same such remedy under this Agreement and the Other PSAs;

 

(d)                                 In the event that Seller or Purchaser under this Agreement or seller or purchaser under either of the Other PSAs exercises any right to extend the Scheduled Closing Date or any other time period thereunder, then such right shall also be automatically exercised under the other agreements; and

 

(e)                                  In the event that either this Agreement or either of the Other PSAs is terminated or terminates for any reason, then the other agreement shall also automatically terminate.

 

(f)                                   In the event that either this Agreement or either of the Other PSAs is terminated or terminates for any reason and any of such agreements are reinstated or a termination notice thereunder

 

63

 

becomes null and void, then the other agreements shall also automatically be reinstated or the termination notice thereunder shall also become null and void.

 

Section 18.16                     In consideration of Purchaser entering into this Agreement, and to induce Purchaser to undertake the efforts and incur the costs associated with evaluating the Property and proceeding to Closing hereunder, Seller hereby agrees not to solicit or entertain any offer from any other person to sell or otherwise transfer all or any part of the Property or any portion thereof or any direct or indirect interest therein during the term of this Agreement.

 

[Remainder of Page Intentionally Left Blank.

Signature blocks appear immediately on next page.]

 

64

 

IN WITNESS WHEREOF, Seller and Purchaser have respectively executed this Agreement as of the Effective Date.

 

 

	
 
    	
PURCHASER:
    
	
 
    	
 
    
	
 
    	
RMC ACQUISITION ENTITY, LLC
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Timothy M. Jones
    
	
 
    	
Name: Timothy M. Jones
    
	
 
    	
Title: Member
    

 

65

 

IN WITNESS WHEREOF, Seller and Purchaser have respectively executed this Agreement as of the Effective Date.

 

 

	
 
    	
SELLER:
    
	
 
    	
 
    
	
 
    	
MACK-CALI CW REALTY ASSOCIATES   L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
CROSS WESTCHESTER REALTY   ASSOCIATES L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
CLEARBROOK ROAD ASSOCIATES   L.L.C.
    
	
 
    	
By:  Mack-Cali Texas Property L.P., its sole   member
    
	
 
    	
By:  Mack-Cali Sub XVII, Inc., its general   partner
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
SO. WESTCHESTER REALTY   ASSOCIATES L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

66

 

	
 
    	
MACK-CALI SO. WEST REALTY   ASSOCIATES L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
225 CORPORATE REALTY L.L.C.
    
	
 
    	
By:  Mack-Cali Texas Property L.P., its sole   member
    
	
 
    	
By:  Mack-Cali Sub XVII, Inc., its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
3 ODELL REALTY L.L.C.
    
	
 
    	
By:  Mack-Cali Texas Property L.P., its sole   member
    
	
 
    	
By:  Mack-Cali Sub XVII, Inc., its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
MID- WESTCHESTER REALTY   ASSOCIATES L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
MACK-CALI MID- WEST REALTY   ASSOCIATES L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

67

 

	
 
    	
SKYLINE REALTY L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
12 SKYLINE ASSOCIATES L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
5/6 SKYLINE REALTY L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
TALLEYRAND REALTY ASSOCIATES   L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

68

 

MCRLP joins in this Agreement solely for purposes of agreeing to (i) be liable for Seller’s post-closing obligations under this Agreement and any Closing documents; however, subject in all respects to all of the terms, provisions and limitations on all such obligations as are set forth in this Agreement and/or any such Closing documents, and (ii) the terms and conditions of Section 7.5(c).

 

	
 
    	
MACK-CALI REALTY, L.P.,
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

 

MCRC joins in this Agreement solely for purposes of agreeing to the terms and conditions of Section 7.5(c).

 

	
 
    	
MACK-CALI REALTY CORPORATION,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By: 
    	
/s/ Gary T. Wagner
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

69

 

	
 
    	
As to Articles IV, X, XIII,   and XVII only:
    
	
 
    	
 
    
	
 
    	
ESCROW AGENT:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
FIRST AMERICAN
    
	
 
    	
TITLE INSURANCE COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Antonio Moretta
    
	
 
    	
Name: Antonio Moretta
    
	
 
    	
Title: Senior   Underwriting Counsel
    

 

70

 

	
 
    	
As to   Section 7.5(a) only:
    
	
 
    	
 
    
	
 
    	
ROFO (RM) PARTY:
    
	
 
    	
 
    
	
 
    	
/s/ Brad W. Berger
    
	
 
    	
Brad W. Berger,   as Trustee
    
	
 
    	
of the Brad W. Berger   Revocable Trust
    
	
 
    	
 
    
	
 
    	
/s/ Greg Berger
    
	
 
    	
Greg Berger
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
/s/ Timothy M. Jones
    
	
 
    	
Timothy M. Jones,   as Trustee
    
	
 
    	
of the Robert F.   Weinberg 2013 Trust
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
RFW MANAGEMENT INC.,
    
	
 
    	
a New York corporation
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Robert F. Weinberg
    
	
 
    	
Name: Robert F.   Weinberg
    
	
 
    	
Title: President
    

 

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EXHIBIT A -1 1,   3 AND 5 WESTCHESTER PLAZA All that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, -County of Westchester   and State of New York, bounded and described as follows: BEGINNING at a point   distant South 10 degrees 49’ 00” East 272.23 feet from Monument #23, located   on the southerly side of Hunter Lane as shown on a certain map entitled,   “Subdivision Map of Cross Westchester Industrial Park”, dated July 25, 1967   and filed in the Westchester County Clerk’s Office, Division of Land Records,   August 28, 1967 as Map No. 15544; THENCE from said point of beginning along   other lands now or formerly of Robert Martin Company: 1. North 83 degrees 39’   00” East 317.14 feet; and 2. North 66 degrees 48’ 00” East 288.00 feet to the   westerly side of Westchester Plaza; THENCE along the same: 1. Southerly on a   curve to the right having a radius of 485.00 feet a distance of 110.31 feet;   and 2. South 06 degrees 21’ 00” East 489.41 feet to lands now or formerly of   Westchester Hills Condominium; THENCE along said lands, South 83 degrees 39’   00” West 565.00 feet to land now or formerly of Greenburgh Housing Authority;   THENCE along said last mentioned lands and lands now or formerly of Yukon   Realty Corp., North 10 degrees 49’ West 516.87 feet to the point of   BEGINNING. EXCEPTING THEREFROM so much thereof as was conveyed to the Town of   Greenburgh by the deed recorded in Liber 6920 cp 658. TOGETHER WITH the   benefits and SUBJECT TO the burdens as contained in the Declaration of Right   of Way recorded in Liber 6809 cp 253 and in Liber 6809 cp 261. 72 

    

 

EXHIBIT A -2 2,   4 AND 6 WESTCHESTER PLAZA ALL that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, County of Westchester and   State of New York bounded and described as follows: BEGINNING at a point on   the southerly side of Executive Boulevard said point of beginning being   495.10 feet east of Monument No. 23 as measured along the southerly line of   part of Hunter Lane and part of Executive Boulevard as shown on Map Number   15544; RUNNING THENCE southerly on a curve to the right having a radius of   25.00 feet a length of 39.27 feet to a point; RUNNING THENCE South 23 degrees   12’ 00” East 217. 00 feet to a point; RUNNING THENCE across Westchester Plaza   North 66 degrees 48’ 00” East 25.00 feet to a point in Westchester Plaza;   RUNNING THENCE southerly through Westchester Plaza on a curve to the right   having a radius of 485.00 feet a distance of 76.37 feet to the point and   place of beginning; RUNNING THENCE through lands belonging to Robert Martin   Company the following courses and distances: 1. North 83 degrees 39’ 00” East   513.51 feet to a point; 2. South 06 degrees 21’ 00” East 477.59 feet; and 3.   South 46 degrees 53’ 00” West 118.99 feet to lands now or formerly   Westchester Hills Condominium; RUNNING THENCE along lands now or formerly   Westchester Hills Condominium the following courses and distances: 1. South   83 degrees 02’ 00” West 235.80 feet; 2. South 77 degrees 27’ 00” West 38.20   feet; and 3. South 83 degrees 39’ 00” West 139.90 feet to a point; RUNNING   THENCE in part along lands of The Robert Martin Company and partly through   Westchester Plaza the following two (2) courses and distances: 1. North 06   degrees 21’ 00” West 489.41 feet to a point; and 2. Northwesterly on a curve   to the left having a radius of 485.00 feet a distance of 66.26 feet to the   point or place of BEGINNING. EXCEPTING THEREFROM so much thereof as was   conveyed to the Town of Greenburgh by Deed recorded in Liber 690 cp 658.   TOGETHER WITH the benefits and SUBJECT TO the burdens contained in   Declaration of Right of Way recorded in Liber 6809 cp 253 and Liber 6879 cp   436. 73 

    

 

 

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EXHIBIT A -7 7   WESTCHESTER PLAZA All that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York, bounded and described as follows: BEGINNING at a point on the   southerly side of Executive Boulevard distant 1155.29 feet easterly as   measured along said southerly side of Executive Boulevard and Hunter Lane   from the intersection of the southerly side of Hunter Lane with the easterly   side of Saw Mill River Road, which said point of beginning is also distant   258.24 feet easterly from Monument 23 as shown on R.O. Map 15544 located on   the said southerly side of Hunter Lane; RUNNING THENCE along the southerly   side of Executive Boulevard, the following courses and distances: 1. Easterly   on a curve to the left having a radius of 500.00 feet a distance of 121.73   feet to a point of tangency; 2. North 66 degrees 48’ 00” East 165.13 feet to   a point; THENCE South 23 degrees 12’ 00” East 242.00 feet to a point of   curve; THENCE southerly along a curve to the right having a radius of 485.00   feet a distance of 32.32 feet to a point on the center line of Westchester   Plaza West; RUNNING THENCE along the center line of Westchester Plaza, South   66 degrees 48’ 00” West 288.17 feet to a point; THENCE South 83 degrees 39’   00” West 80.34 feet to a point; THENCE North 06 degrees 21’ 00” West 277.67   feet to the point and place of BEGINNING. EXCEPTING THEREFROM so much thereof   as was conveyed to the Town of Greenburgh by the deed recorded in Liber 6920   cp 658. TOGETHER WITH the benefits and SUBJECT TO the burdens as contained in   a Declaration of Right of Way recorded in Liber 6809 cp 253 and Liber 6879 cp   436. 79 

    

 

EXHIBIT A – 8 8   WESTCHESTER PLAZA All that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York, being a portion of lands shown on a certain map entitled,   “Subdivision Map of Cross-Westchester Industrial Park in the Town of   Greenburgh, Westchester County, N.Y.”, made by Ward Carpenter Engineers,   Inc., dated July 25, 1967 and filed in the Westchester County Clerk’s Office,   Division of Land Records, on August 20, 1967 as Map No. 15544, being more   particularly bounded and described as follows: BEGINNING at a point on the   southeasterly side of Executive Boulevard measured and located on said map as   follows: COMMENCING at the corner formed by the intersection of the easterly   side of Saw Mill River Road and the southerly side of Hunter Lane as shown on   said map; RUNNING thence along said southerly side of Hunter Lane and   continuing along the southeasterly side of Executive Boulevard as said   streets are laid out on said map the following courses and distances: 1.   North 82 degrees 18’ 00” East 897.05 feet to a point marked as Monument No.   23 on said map, 2. North 82 degrees 18’ 00” East 244.71 feet to a point of   curve, 3. In a northeasterly direction on a curve to the left having a radius   of 500.00 feet, a distance of 135.26 feet to a point of tangency, 4. North 66   degrees 48’ 00” East 165.13 feet to the point or place of beginning; THENCE   from said point of beginning and continuing along the southeasterly side of   Executive Boulevard the following courses and distances: 1. North 66 degrees   48’ East 219.97 feet to a point, 2. Northeasterly on a curve to the right,   having a radius of 895.00 feet, a distance of 243.77 feet to a point and 3.   North 82 degrees 32’ East, a distance of 14.03 feet to a point; 80 

    

 

THENCE South 6   degrees 21’ East 408.45 feet to a point in the center line of Westchester   Plaza East (a Right of Way described in Liber 6879 cp 436); THENCE along the   center line of Westchester Plaza East, South 83 degrees 39’ West 380.10 feet   to a point in the center line of Westchester plaza (a Right of Way described   in Liber 6809 cp 253); THENCE along the center line of Westchester Plaza, the   following courses and distances: 1. Northwesterly on a curve to the left   having a radius of 485.00 feet, a distance of 76.37 feet to a point and 2.   North 23 degrees 12’ West 242.00 feet to the point or place of BEGINNING.   TOGETHER WITH an easement for right of way over Westchester Plaza as set   forth in Liber 6809 cp 253 and over Westchester Plaza East as set forth in   Liber 6879 cp 436. 81 

    

 

EXHIBIT A -9 50   EXECUTIVE BOULEVARD ALL that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York bounded and described as follows: BEGINNING at a point on the   southerly side of Hunter Lane where the same is intersected by the easterly   boundary line of lands now or formerly of Frank and Nicholas Gagliardi, said   point being distant 897.05 feet easterly as measured along said southerly   side of Hunter Lane from the intersection of said southerly side of Hunter   Lane with the easterly side of Saw Mill River Road; RUNNING thence from said   point of beginning in part along the southerly side of Hunter Lane and in   part along the southerly side of Executive Boulevard the following two courses   and distances: North 82 degrees 18’ 00” East 244.71 feet to a point of curve;   and thence easterly on a curve to the left having a radius of 500 feet a   distance of 13.53 feet to a point; RUNNING thence along lands of Robert   Martin Company South 6 degrees 21’ 00” East 277.67 feet to a point and South   83 degrees 39’ 00” West 236.98 feet to lands now or formerly of Yukon Realty   Corp; RUNNING thence along the same and along lands now or formerly of Frank   and Nicholas Gagliardi North 10 degrees 49’ 00” West 272.23 feet to the   southerly side of Hunter Lane to the point and place of BEGINNING. TOGETHER   with the benefits and subject to the burdens as contained in the Declaration   of Right of Way recorded in Liber 6809 Cp 253, and Liber 6809 Cp 261. 82 

    

 

EXHIBIT A -10   77 EXECUTIVE BOULEVARD All that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, County of Westchester and   State of New York, bounded and described as follows: BEGINNING at a point on   the northerly side of Executive Boulevard at the southwesterly corner of land   now or formerly of One Riverdale Avenue Development Co., Inc., as the same is   shown on a certain map entitled, “Subdivision Map of Cross Westchester   Industrial park” filed in the Westchester County Clerk’s Office, Division of   Land Records on August 28, 1967 as Map No. 15544, said point being the   following two (2) courses and distances from the easterly end of a curve   having a radius of 25.00 feet and an arc length of 39.27 feet which connects   the easterly side of Clearbrook Road (formerly Romark Park Road) with the   northerly side of Hunter Lane, as shown on Filed Map No. 15544: 1. North 82   degrees 18’ East 393.09 feet; and 2. South 07 degrees 29’ East 10.00 feet;   RUNNING THENCE from said point of beginning, in part along the easterly line   of land now or formerly of Aswaco Realty Corp., North 07 degrees 29’ 00” West   331.79 feet to property of the City of New York; THENCE along said property,   North 82 degrees 32’ 00” East 280.17 feet to other land of One Riverdale   Avenue Development Co., Inc.; THENCE along said land, South 07 degrees 29’   00” East 275.37 feet to the northerly line of Executive Boulevard; THENCE   along the northerly side of Executive Boulevard, South 66 degrees 48’ 00”   West 145.59 feet to a point; THENCE on a curve to the right having a radius   of 450.00 feet, a distance of 121.74 feet and South 82 degrees 18’ 00” West   19.81 feet to the point of BRGINNING. 83 

    

 

EXHIBIT A -11   85 EXECUTIVE BOULEVARD All that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, County of Westchester and   State of New York, being a portion of lands shown on a certain map entitled   “Subdivision Map of Cross-Westchester Industrial Park in the Town of   Greenburgh, Westchester Co., N.Y,” made by Ward Carpenter Engineers, Inc.,   Surveyors, dated July 25, 1967 and filed in the Westchester County Clerk’s   Office, Division of Land Records, on August 28, 1967 as Map No. 15544, which   said parcel is more particularly bounded and described as follows: BEGINNING   at a point on the northwesterly side of Executive Boulevard distant   northeasterly, as measured along the same, 1412.31 feet from its intersection   with the easterly side of Saw Mill River Road; THENCE North 7 degrees 29’   West 275.37 feet to lands now or formerly of the City of New York; THENCE   along said lands, North 82 degrees 32’ East 230.52 feet to a point; THENCE   South 7 degrees 29’ East 210.44 feet to the northwesterly side of Executive   Boulevard; THENCE along the said northwesterly side of Executive Boulevard,   South 66 degrees 48’ West 239.51 feet to the point or place of BEGINNING.   TOGETHER with the benefits and SUBJECT to the burdens imposed by a certain   “Declaration to Lay and Maintain Pipes” recorded in Liber 6919 of conveyances   at page 660. 84 

    

 

EXHIBIT A -12   101 EXECUTIVE BOULEVARD All that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, County of Westchester and   State of New York, bounded and described as follows: BEGINNING at a point on   the northerly side of Executive Boulevard, said point being distant 1651.82   feet easterly as measured along said northerly side of Executive Boulevard   from the easterly side of Saw Mill River Road at the northeast corner of   Parcel No. 54 as shown on Map #4977-B; RUNNING thence through lands of Robert   Martin Company North 7 degrees 29’ 00” West 210.44 feet to lands of The City   of New York; RUNNING thence along the same North 82 degrees 32’ 00” East   714.71 feet to a monument; RUNNING thence the following two courses and   distances to the northerly side of Executive Boulevard: South 1 degrees 01’   38” East 147.93 feet and South 30 degrees 23’ 40” West 108.80 feet; RUNNING   thence along the northerly side of Executive Boulevard the following courses   and distances: Southwesterly on a curve to the left having a radius of 275.00   feet a distance of 181.72 feet to a point; South 82 degrees 32’ 00” West   206.25 feet to a point of curve and continuing in a westerly direction along   a curve to the left having a radius of 945.00 feet a distance of 259.50 feet   to the point and place of BEGINNING. 85 

    

 

 EXHIBIT A -13 300 EXECUTIVE BOULEVARD All   that certain plot, piece or parcel of land situate, lying and being in the   Town of Greenburgh, County of Westchester and State of New York, being a   portion of lands shown on a certain map entitled “Subdivision Map of   Cross-Westchester Industrial Park in the Town of Greenburgh, Westchester Co.,   N.Y.” made by Ward Carpenter Engineers, Inc., dated July 25, 1967 and filed   in the Westchester County Clerk’s Office, Division of Land Records, on August   30, 1967 as Map No. 15544, being more particularly bounded and described as   follows: BEGINNING at a point on the southerly side of Executive Boulevard   distant 1921.92 feet easterly as measured along the southerly side of Hunter   Lane and Executive Boulevard from the corner formed by the intersection of   the easterly side of Saw Mill River Road and the southerly side of Hunter   Lane as shown on said map; RUNNING THENCE along the southerly side of   Executive Boulevard as shown on the aforesaid Filed Map No. 15544, North 82   degrees 32’ 00” East 192.22 feet to a point of curve; THENCE continuing along   the southwesterly side of Executive Boulevard on a curve to the right having   a radius of 225.00 feet a distance of 219.53 feet to a corner; RUNNING THENCE   in a westerly direction through property now or formerly of Robert Martin   Properties, Inc., South 83 degrees 39’ 00” West 125.57 feet to a corner;   THENCE continuing in a southerly direction through property now or formerly   of Robert Martin Properties, Inc., the following three (3) courses and   distances: 1. South 06 degrees 21’ 00” East 4.20 feet to a point of curve; 2.   Southerly on a curve to the right having a radius of 25.00 feet a distance of   18.92 feet to a point; and 3. South 06 degrees 21’ 00” East 295.61 feet to   the southeasterly corner of the herein described premises and the center line   of Westchester Plaza East as recited in Declaration of Right of Way recorded   in the County Clerk’s Office, Division of Land Records, Westchester County,   New York in Liber 6879 cp 436; RUNNING THENCE in a westerly direction along   the center line of Westchester Plaza East, South 83 degrees 39’ 00” West   248.00 feet to the southwesterly corner of the herein described premises;   RUNNING THENCE in a northerly direction through property now or formerly of Robert   Martin Properties, Inc., North 06 degrees 21’ 00” West 408.45 feet to the   aforesaid southerly side of Executive Boulevard, the point or place of   BEGINNING. TOGETHER WITH the benefits and SUBJECT TO the burdens as set forth   in a Declaration of Right of Way recorded in Liber 6879 cp 436. TOGETHER WITH   the benefits and SUBJECT TO the burdens as set forth in Declaration of   Easements recorded in Liber 8160 cp 206. EXHIBIT A -14 350 EXECUTIVE   BOULEVARD 87 

    

 

All that   certain plot, piece or parcel of land situate, lying and being in the Town of   Greenburgh, County of Westchester and State of New York, being a portion of   lands shown on a certain map entitled, “Subdivision Map of Cross-Westchester   Industrial Part of the Town of Greenburgh, Westchester County, N.Y.” made by   Ward Carpenter Engineers, Inc. dated July 25, 1967 and filed in the   Westchester County Clerk’s office, Division of Land Records on August 28,   1967 as Map No. 15544, being more particularly bounded and described as   follows: BEGINNING at a point on the southwesterly side of Executive   Boulevard measured and located on said map as follows: COMMENCING at the   corner formed by the intersection of the easterly side of Saw Mill River Road   and the southerly side of Hunter Lane as shown on said map; RUNNING THENCE   along said southerly side of Hunter Lane and continuing along the southerly   and southwesterly sides of Executive Boulevard as said streets are laid out   on said map, the following seven (7) courses and distances; 1. North 82 degrees   18’ 00” East 897.05 feet to a point marked as Monument No. 23 on said map; 2.   North 82 degrees 18’ 00” East 244.71 feet to a point of curve; 3. In a   northeasterly direction, on a curve to the left having a radius of 500.00   feet, a distance of 135.26 feet to a point of tangency; 4. North 66 degrees   48’ 00” East 385.10 feet to a point of curve; 5. In general easterly   direction, on a curve to the right having a radius of 895.00 feet, a central   angle of 15 degrees 44’ 00”, a distance of 245.77 feet as per actual   measurement and computation (243.77 feet as shown on said map) to a point of   tangency; 6. North 82 degrees 32’ 00” East 206.25 feet to a point of curve;   -continued- TOGETHER WITH a Right of Way for the purpose of installing,   maintaining, repairing and replacing an underground sanitary sewer line or   lines and an underground gas line or lines more particularly described in a   Declaration of Easements set forth in Liber 8160 cp 206. 88 

    

 

7. In   southeasterly direction, on a curve to the right having a radius of 225.00   feet, a distance of 219.53 feet to the point or place of beginning of the   premises herein being described, which beginning point marks the   northeasterly corner of said premises; RUNNING THENCE southerly along the   westerly side of Executive Boulevard: 1. On a curve to the right having a   radius of 225.00 feet, a distance of 133.90 feet to a point; and 2.   Continuing along said side of Executive Boulevard on a course South 07   degrees 28’ East 191.66 feet to a point which is the southeasterly corner of   premises being described; RUNNING THENCE along the center line of Westchester   Plaza East, as defined in a certain Declaration of Right of Way recorded in   Liber 6879 of Conveyances at page 436, on a course South 83 degrees 39’ West   177.25 feet to a point; RUNNING THENCE northwesterly on a course North 06   degrees 21’ West 295.61 feet to a point of curve; RUNNING THENCE northerly,   on a curve to the left having a radius of 25.00 feet, a distance of 18.92   feet to a point; THENCE North 06 degrees 21’ West 4.20 feet to a point;   RUNNING THENCE northeasterly on a course North 83 degrees 39’ East 125.57   feet to a point on the westerly side of Executive Boulevard to the place of   BEGINNING. TOGETHER WITH the rights derived under and SUBJECT To the burdens   imposed by agreement creating Rights of Way dated August 25, 1969 and   recorded in the Westchester County Clerk’s office, Division of Land Records   in Liber 6879 of Conveyances at page 436. 89 

    

 

EXHIBIT A -15   399 EXECUTIVE BOULEVARD All that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, County of Westchester and   State of New York, bounded and described as follows: BEGINNING at a point in   the northeasterly side of Executive Boulevard distant 2468.44 feet easterly   and southerly along the northerly side of Hunter Lane and in general along   the northerly and northeasterly sides of Executive Boulevard from the   intersection of the northerly side of Hunter Lane with the easterly side of   Saw Mill River Road at the northeast corner of Parcel #54 as shown on Map No.   4977-8; RUNNING THENCE from said point of beginning, North 82 degrees 32’ 00”   East 379.15 feet to lands of The City of New York; RUNNING THENCE along the   same: 1. North 80 degrees 58’ 00” East 148.30 feet; and 2. South 01 degree   15’ 00” West 312.66 feet to a point; RUNNING THENCE through lands of The   Robert Martin Company, South 82 degrees 32’ 00” West 468.09 feet to the   easterly side of Executive Boulevard; RUNNING THENCE along said easterly side   of Executive Boulevard, the following courses and distances: 1. Northwesterly   on a curve to the right having a radius of 225.00 feet a distance of 5.027   feet; 2. North 07 degrees 28’ 00” West 220.10 feet to a point of curve; and   3. Northwesterly on a curve to the left having a radius of 275.00 feet a   distance of 81.06 feet to the point and place of BEGINNING. 90 

    

 

EXHIBIT A -16   400 EXECUTIVE BOULEVARD All that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, County of Westchester and   State of New York, being a portion of lands shown on a certain map entitled   “Subdivision Map of Cross-Westchester Industrial Park in the Town of   Greenburgh, Westchester Co., N.Y.” made by Ward Carpenter Engineers, Inc.   dated July 25, 1967 and filed in the Westchester County Clerk’s Office,   Division of Land Records, on August 20, 1967 as Map No. 15544, being more   particularly bounded and described as follows: BEGINNING at a point on the   southwesterly side of Executive Boulevard distant 2659.23 feet (by deed,   2657.23 feet as shown on Filed Map No. 15544 based on field survey) as   measured in a general easterly and southerly direction along the general   southerly sides of Hunter Lane and the general southerly and westerly sides   of Executive Boulevard from the corner formed by the intersection of the   southerly side of Hunter Lane with the easterly side of Saw Mill River Road;   THENCE along the southwesterly side of Executive Boulevard, the following   courses and distances: 1. South 07 degrees 28’ East 28.44 feet to a point of   curve; 2. Southeasterly on a curve to the left having a radius of 275.00 feet   a distance of 224.86 feet to a point; and 3. South 54 degrees 19’ East   116.016 feet to lands now or formerly of Robert F. Weinberg and Martin S.   Berger; THENCE along said lands, South 34 degrees 37’ West 612.288 feet to   lands now or formerly of Harry and Mildred Lewis; THENCE along said lands,   North 43 degrees 07’ West 272.807 feet to a point and other lands now or   formerly of Robert Martin Properties, Inc.; THENCE along said lands, the   following courses and distances: 1. North 46 degrees 53’ 00” East 118.99 feet   to a point; 2. North 06 degrees 21’ West 477.59 feet to a point; and 3. North   83 degrees 39’ East 291.84 feet to the point or place of BEGINNING. TOGETHER   WITH the benefits and SUBJECT to the burdens as set forth in a Declaration of   Right of Way recorded in Liber 6879 cp 436 in Declaration of Easement for   Parking and Right of Way recorded in Liber 6962 cp 172 as amended in Liber   7223 cp 693 and further amended in Liber 8273 cp 197. 91 

    

 

 

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EXHIBIT A -18   525 EXECUTIVE BOULEVARD All that certain plot, piece or parcel of land   situate, lying and being in the Town of Greenburgh, County of Westchester and   State of New York, being a portion of lands shown on a certain map entitled,   “Subdivision Map of Cross-Westchester Industrial Park of the Town of   Greenburgh, Westchester County, N.Y.” made by Ward Carpenter Engineers, Inc.,   surveyors, dated July 25, 1967 and filed in the Westchester County Clerk’s   Office, Division of Land Records on August 28, 1967 as Map No. 15544, which   said parcel is more particularly bounded and described, according to said   map, as follows: BEGINNING at a point on the northeasterly side of Executive   Boulevard distant 225.12 feet southeasterly as measured along the same from Monument   No. 12 as shown on said map; THENCE North 82 degrees 32’ East 468.09 feet to   lands of the City of New York; THENCE along said lands, the following courses   and distances: 1. South 01 degree 15’ 00” West 385.94 feet to a point; 2.   South 50 degrees 43’ 00” West 99.30 feet to a point; 3. South 17 degrees 46’   00” East 134.40 feet to a Monument No. 15; and 4. South 25 degrees 55’ 00”   West 123.51 feet to a Monument No. 16 on the easterly side of Executive   Boulevard; THENCE along the general easterly and northeasterly sides of   Executive Boulevard, the following courses and distances: 1. Northwesterly on   a curve to the left having a radius of 275.00 feet, a distance of 385.09 feet   to a point; 2. North 54 degrees 19’ 00” West 231.19 feet to a point; 3.   Northwesterly on a curve to the right having a radius of 225.00 feet, a   distance of 178.96 feet to the point or place of BEGINNING. TOGETHER WITH the   benefits to be derived under and SUBJECT TO the burdens imposed by a certain   Easement Agreement made between Robert Martin Properties, Inc. and First   American Artificial Flowers, Inc. dated 5/16/72 and recorded 10/4/72 in Liber   7085 cp 104. TOGETHER WITH all rights, benefits and easements appurtenant   thereto. 93 

    

 

EXHIBIT A -19   11 CLEARBROOK ROAD All that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York, bounded and described as follows: BEGINNING at a point on the   westerly side of Clearbrook Road distant 715.99 feet southerly from the   southerly end of a curve having a radius of 25.00 feet connecting the   westerly side of Clearbrook Road with the southerly side of Grasslands Road;   RUNNING THENCE along the westerly side of Clearbrook Road, the following two   (2) courses and distances: 1. due South 487.79 feet; 2. Southerly along the   arc of curve to the left having a radius of 540.00 feet a distance of 60.27   feet; THENCE still along Clearbrook Road and continuing along land now or   formerly of Hodis, South 77 degrees 22’ 25” West 511.68 feet to a point;   THENCE the following two (2) courses and distances: 1. North 09 degrees 38’   10” West 297.42 feet to a point; and 2. North 10 degrees 39’ 07” West 239.04   feet to land now or formerly of Heritage Corporate Development; THENCE along   said last mentioned land, North 77 degrees 25’ 10” East 604.41 feet to the   point or place of BEGINNING. TOGETHER WITH the benefits as set forth in   Declaration of Right of Way recorded in Liber 7256 cp 100 and Liber 7256 cp   107 and as set forth in Declaration of right to lay pipes and maintain same   recorded in Liber 7256 cp 94 and as set forth in Declaration of (A) Parking   Easement and (B) Ingress and Egress Easement recorded in Liber 7326 cp 349.   94 

    

 

EXHIBIT A-20 75   AND 125 CLEARBROOK ROAD All that certain plot, piece or parcel of land known   as Parcel 3 in the Town of Greenburgh, Westchester County, New York, as shown   on a certain map entitled, “Comprehensive Development Plan and Subdivision   Plat prepared for Heritage Corporate Park, in the Town of Greenburgh,   Westchester County, New York, Scale 1”-50’, dated December 16, 1988, prepared   by Kenneth B. Salzman, Land Surveyor, filed on December 28, 1988 as Map No.   23,520”, described as: BEGINNING in the west line of Clearbrook Road at the   north line of lands now or formerly of Robert Martin Company, all as depicted   on a certain map entitled: “Subdivision Map of Cross Westchester Executive   Park II in the Town of Greenburgh, filed on September 21, 1973 as Map No.   18045”; THENCE along lands now or formerly of Robert Martin Company, South 77   degrees 25’ 10” West 604.41 feet to the east line of lands now or formerly of   Swapco Associates at Greenburgh; THENCE along the same North 12 degrees 34’   50” West 230.00 feet; THENCE due West 245.00 feet to lands now or formerly of   the Town of Greenburgh, also designated as Parcel No. 303-1, as depicted on a   certain map filed on June 25, 1979 as Map No. 19968; THENCE along the same   North 2 degrees 28’ 30” West 55.00 feet, North 15 degrees 29’ 54” East 10.01   feet to the south line of Parcel 2; THENCE along the same North 76 degrees   03’ 36” East 526.59 feet to the west lien of Parcel 1; THENCE along the same   and along the south line and east line of parcel 1, South 13 degrees 56’ 24”   East 11.24 feet, North 76 degrees 03’ 36” East 243.10 feet, due North 449.98   feet to the south line of Parcel No. 13 as depicted on a certain map filed on   May 5, 1986 as Map No. 22300; THENCE along the same South 72 degrees 32’ 04”   East 162.48 feet to the intersection of a 25 foot radius curve in the west   line of the aforementioned Clearbrook Road; THENCE along said, curve concave   to the west through a central angle of 45 degrees 57’ 04” an arc distance of   20.05 feet to a point of reverse curvature; THENCE along a 425.00 foot radius   curve concave to the east through a central angle of 18 degrees 20’ 07” an   arc distance of 136.0 feet to a point of tangency; THENCE continuing along   the west line of Clearbrook Road due South 580.00 feet to the point of   BEGINNING. 95 

    

 

EXHIBIT A-21   100 CLEARBROOK ROAD All that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York, being a portion of lands shown on a certain map entitled “Subdivision   Map of Cross-Westchester Executive Park II in the Town of Greenburgh,   Westchester Co., New York” made by Ward Carpenter Engineers, Inc., Surveyors,   dated September 26, 1972 and filed in the Westchester County Clerk’s Office,   Division of Land Records, on September 21, 1973 as Map No. 18045, which said   parcel is more particularly bounded and described as follows: BEGINNING at a   point on the easterly side of Clearbrook Road distant southerly as measured   along said easterly side of Clearbrook Road, due South 18.43 feet from   “proposed monument 2” as shown on the aforesaid map; RUNNING THENCE northerly   along the easterly side of Clearbrook Road, due North 18.43 feet and the   following: 1. On a curve to the right having a radius of 3553.25 feet a central   angle of 05 degrees 22’ 00” a distance of 332.82 feet; 2. On a curve to the   right having a radius of 361.00 feet a central angle of 11 degrees 18’ 18” a   distance of 71.23 feet; 3. On a curve to the right having a radius of 25.00   feet a central angle of 97 degrees 27’ 02” a distance of 42.52 feet to the   southerly side of Grasslands Road; RUNNING THENCE easterly along the   southerly side of Grasslands Road: 1. South 65 degrees 52’ 40” East 58.30   feet; 2. South 71 degrees 38’ 50” East 98.68 feet; 3. South 74 degrees 50’   40” East 106.03 feet; 4. South 07 degrees 26’ 00” East 5.00 feet to a   monument and the westerly line of lands of the City of New York; RUNNING   THENCE southerly along the westerly line of lands of the City of New York,   South 07 degrees 26’ 00” East 309.99 feet to the southeasterly corner of the   herein described premises; 96 

    

 

RUNNING THENCE   westerly through land now or formerly of Robert Martin Properties, Inc.,   South 82 degrees 32’ 00” West 355.68 feet to the point or place of BEGINNING.   TOGETHER WITH the benefits and SUBJECT TO the burdens of an easement for   ingress and egress as set forth in a Declaration of Right of Way recorded in   Liber 7256 cp 100; TOGETHER WITH the benefits and SUBJECT TO the burdens as   set forth in “Declaration of Right to Lay Pipes and Maintain Same” recorded   in Liber 7256 cp 120. 97 

    

 

 

 

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96

EXHIBIT A-23   150 CLEARBROOK ROAD All that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York, being a portion of lands shown on a certain map entitled,   “Subdivision Map of Cross Westchester Executive Park II in the Town of   Greenburgh, Westchester Co., N.Y.”, made by Ward Carpenter Engineer, Inc.,   Surveyors, dated September 26, 1972 and filed in the Westchester County   Clerk’s Office, Division of Land Records on September 21, 1973 as Map No.   18045, which said parcel is more particularly bounded and described as   follows: BEGINNING at a point on the easterly side of Clearbrook Road distant   southerly, as measured along said easterly side of Clearbrook Road, due South   18.43 feet from “prop. Mon. 2” as shown on the aforesaid map; RUNNING THENCE   easterly from said point of beginning through lands of Robert Martin Company,   North 82 degrees 32’ 00” East 355.68 feet to the northeasterly corner of the   herein described premises and the westerly line of lands of the City of New   York; RUNNING THENCE southerly along the westerly line of lands of the City   of New York: 1. South 07 degrees 26’ 00” East 104.96 feet; 2. South 12   degrees 32’ 00” East 27.70 feet; 3. South 07 degrees 30’ 00” East 76.70 feet;   4. South 07 degrees 19’ 00” East 252.06 feet to the southeasterly corner of   the herein described premises; RUNNINC THENCE westerly through lands of   Robert Martin Company, South 82 degrees 32’ 00” West 417.90 feet to the   southwesterly corner of the herein described premises and the easterly side   of Clearbrook Road; RUNNING THENCE along the easterly side of Clearbrook   Road, due North 465.28 feet to the northwesterly corner of the herein   described premises and the point or place of BEGINNING. TOGETHER WITH the   benefits as set forth in Declaration of Right of Way in Liber 7256 cp 100 and   Liber 7256 cp 107 and as set forth in Declaration of right to lay pipes and   maintain same in Liber 7256 cp 94 and as set forth in Declaration of (A)   Parking Easement and (B) Ingress and Egress Easement in Liber 7326 cp 349. 99   

    

 

EXHIBIT A-24   175 CLEARBROOK ROAD All that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York, bounded and described as follows: BEGINNING at a point on the   westerly side of Clearbrook Road distant 715.99 feet southerly from the   southerly end of a curve having a radius of 25.00 feet connecting the   westerly side of Clearbrook Road with the southerly side of Grasslands Road;   RUNNING THENCE along the westerly side of Clearbrook Road, the following two   (2) courses and distances: 1. due South 487.79 feet; 2. Southerly along the   arc of curve to the left having a radius of 540.00 feet a distance of 60.27 feet;   THENCE still along Clearbrook Road and continuing along land now or formerly   of Hodis, South 77 degrees 22’ 25” West 511.68 feet to a point; THENCE the   following two (2) courses and distances: 1. North 09 degrees 38’ 10” West   297.42 feet to a point; and 2. North 10 degrees 39’ 07” West 239.04 feet to   land now or formerly of Heritage Corporate Development; THENCE along said   last mentioned land, North 77 degrees 25’ 10” East 604.41 feet to the point   or place of BEGINNING. TOGETHER WITH the benefits as set forth in Declaration   of Right of Way recorded in Liber 7256 cp 100 and Liber 7256 cp 107 and as   set forth in Declaration of right to lay pipes and maintain same recorded in   Liber 7256 cp 94 and as set forth in Declaration of (A) Parking Easement and   (B) Ingress and Egress Easement recorded in Liber 7326 cp 349. 100 

    

 

EXHIBIT A-25   200 CLEARBROOK ROAD All that certain plot, piece or parcel of land situate,   lying and being in the Town of Greenburgh, County of Westchester and State of   New York, bounded and described as follows: BEGINNING at a point, in the   easterly side of Clearbrook Road distant 899.45 feet northerly from the   northerly end of a curve having a radius of 25.00 feet which curve connects   the easterly side of Clearbrook Road with the northerly side of Hunter Lane;   RUNNING THENCE along the easterly side of Clearbrook Road, the following four   (4) courses and distances: 1. North 10 degrees 15’ 00” West 129.66 feet; 2.   South 77 degrees 22’ 25” West 3.49 feet; 3. Northerly along the arc of a   curve to the right having a radius of 490.00 feet a distance of 49.23 feet;   4. due North 285.51 feet; THENCE along other lands of Robert Martin Company,   North 82 degrees 32’ 00” East 417.90 feet to land of the City of New York;   THENCE along the last mentioned land, South 07 degrees 19’ 00” East 461.34   feet to other property of Robert Martin Company; THENCE along the same, South   82 degrees 32’ 00” West 447.96 feet to the point and place of BEGINNING.   TOGETHER WITH the benefits as set forth in Declaration of Right of Way   recorded in Liber 7172 cp 206 and Liber 7256 cp 107. EXHIBIT A-26 250   CLEARBROOK ROAD 101 

    

 

All that   certain plot, piece or parcel of land situate, lying and being in the Town of   Greenburgh, County of Westchester and State of New York, bounded and   described as follows: BEGINNING at a point on the easterly side of Clearbrook   Road distant 423.45 feet northerly as measured along the easterly side of   Clearbrook Road from the northerly end of a curve having a radius of 25 feet   connecting the northerly side at Hunter Lane with the easterly side of   Clearbrook Road; RUNNING THENCE North 10 degrees 15’ West along said easterly   side of Clearbrook Road 476.08 feet to a point; THENCE along other property   of Robert Martin Company, North 82 degrees 32’ East 447.96 feet to land now   or formerly of the City of New York; THENCE along said land of the City of   New York: 1. South 07 degrees 19’ East 173.80 feet; and 2. South 07 degrees   29’ East 301.60 feet to a point; THENCE along other property of Robert Martin   Company, South 82 degrees 31’ West 424.47 feet to the easterly side of   Clearbrook Road at the point and place of BEGINNING. TOGETHER WITH the   benefits over a certain right of way as set forth in Liber 7172 cp 206. 102 

    

 

EXHIBIT A-27 1   ODELL PLAZA All that certain plot, piece or parcel of land situate, lying and   being in the City of Yonkers, County of Westchester and State of New York,   said parcel being more particularly bounded and described as follows:   BEGINNING at a point on the southerly side of Odell Avenue, distant 474.04   feet easterly as measured along said southerly side of Odell Avenue from the   corner formed by the intersection of the easterly side of North Broadway and   the southerly side of Odell Avenue; THENCE along said southerly side of Odell   Avenue, the following courses and distances: 1. South 78 degrees 13’ 00” East   180.79 feet to a point of curve; THENCE in an easterly direction on a curve   to the right having a radius of 535.00 feet a distance of 222.08 feet to a   point of tangency; THENCE South 54 degrees 26’ 00” East 110.51 feet to a   point of curve; THENCE in a southeasterly direction on a curve to the right   having a radius of 190.00 feet a distance of 47.07 feet to a point; THENCE   leaving the southerly side of Odell Avenue, South 49 degrees 45’ 37” West   45.00 feet to a point of curve; THENCE in a southwesterly direction on a curve   to the left having a radius of 238.41 feet (a chord bearing of South 41   degrees 22’ 46” West 69.49 feet), an arc distance of 69.74 feet to a point of   tangency; THENCE South 33 degrees 00’ 00” West 120.00 feet to a point of   curve; THENCE in a southwesterly direction on a curve to the left having a   radius of 251.07 feet (a chord bearing of South 27 degrees 13’ 59” West 50.45   feet), an arc distance of 50.53 feet to a point of tangency; -continued- 103 

    

 

THENCE the   following courses and distances: 1. South 21 degrees 28’ 05” West 134.11   feet; 2. South 12 degrees 31’ 42” West 74.73 feet; and 3. North 68 degrees   31’ 55” West 564.40 feet to lands now or formerly of Frederick Von Saal;   THENCE along said last mentioned lands and partially along lands now or   formerly of H. and R. Schwartz and lands now or formerly of Robert L. Tully,   the following courses and distances: 1. North 21 degrees 30’ 42” East 166.52   feet; 2. South 74 degrees 54’ 54” East 99.87 feet; 3. North 21 degrees 22’   48” East 197.80 feet; and 4. North 11 degrees 47’ 00” East 129.07 feet to a   point on the southerly side of Odell Avenue to the point or place of   BEGINNING. TOGETHER WITH the benefits and SUBJECT TO the burdens of the   Declaration of Easements recorded in Liber 7763 cp 408 as amended and   modified in Liber 7837 cp 723, Liber 7857 cp 375 and Liber 9025 cp 130 and   the License Agreement contained in Liber 7752 cp 427 as partially assigned by   Liber 7763 cp 527. 104 

    

 

EXHIBIT A-28 3   ODELL PLAZA ALL that certain plot, piece or parcel of land, situate, lying   and being in the City of Yonkers, County of Westchester and State of New   York, and being more particularly bounded and described as follows: BEGINNING   at a point on the southwesterly side of Odell Avenue, said point being   distant 1034.49 feet as measured along the southwesterly and southerly side   of Odell Avenue from its intersection with the easterly side of North   Broadway; RUNNING THENCE from said point of beginning along the southwesterly   side of Odell Avenue, on a curve to the right, having a radius of 190.00   feet, a length of 75.21 feet to a point; RUNNING THENCE in a northeasterly   direction and crossing Odell Avenue North 72 degrees 26 minutes 24 seconds   East 90.00 feet to a point; RUNNING THENCE in a southerly direction, on a   curve to the right, having a radius of 280.00 feet, a length of 46.19 feet to   a point; THENCE south 8 degrees 6 minutes 30 seconds East 567.25 feet to a   point; RUNNING THENCE in a westerly direction, South 89 degrees 4 minutes 00   seconds West 454.79 feet to a point; RUNNING THENCE in a northerly direction,   North 0 degrees 44 minutes 18 seconds West (deed “East”) 178.96 feet; RUNNING   THENCE North 12 degrees 31 minutes 42 seconds East 124.73 Feet; RUNNING   THENCE North 21 degrees 28 minutes 5 seconds East 134.11 feet; THENCE on a   curve to the right, having a radius of 251.07 feet, a length of 50.53 feet;   THENCE north 33 degrees 00 minutes 00 seconds East 120.00 feet; THENCE on a   curve to the right, having a radius of 238.41 feet, a length of 69.74 feet;   THENCE North 49 degrees 45 minutes 37 seconds East 45.00 feet to the   southwesterly side of Odell Avenue and the point or place of BEGINNING.   EXCEPTING from the above described premises that portion thereof lying in the   bed of former Odell Avenue; said excepted parcel being more particularly   bounded and described as follows: BEGINNING at a point on the southwesterly   side of Odell Avenue, said point being distant easterly 1,109.70 feet as   measured along the southwesterly and southerly side of Odell Avenue from its   intersection with the easterly side of North Broadway; THENCE over Odell   Avenue along a radial line of North 72 degrees 26 minutes 24 seconds East   50.00 feet to a point; 105 

    

 

THENCE in a   southerly direction along the easterly side of Odell Avenue on a curve to the   right having a radius of 240.00 feet, an arc length of 39.60 feet commencing   on a radial of North 72 degrees 26 minutes 24 seconds East; THENCE south 8   degrees 06 minutes 30 seconds East 425.99 feet to a point of curvature;   THENCE on a curve to the right having a radius of 3,065 feet, an arc length   of 135.60 feet (deed 135.92 feet) to a point on the southerly side of the   herein described parcel; THENCE over Odell Avenue in a westerly direction   South 89 degrees 04 minutes 00 seconds West 50.17 feet to a point on the   westerly side of Odell Avenue; THENCE in a northerly direction on a curve to   the left having a radius of 3,015 feet, an arc length of 129.33 feet (deed   129.63 feet) to a point of tangency; THENCE North 8 degrees 06 minutes 30   seconds West 425.99 feet to a point of curvature; THENCE on a curve to the   left having a radius of 190.00 feet, an arc length of 31.24 feet to a point,   the point and place of beginning. TOGETHER with the benefits but subject to   the burdens of a certain License Agreement recorded in Liber 7752 Page 47,   assigned in Liber 7763 Page 527 and further assigned in Liber 12618 Page 222,   and also TOGETHER with the benefits but SUBJECT to the burdens of a   Declaration recorded in Liber 7763 Page 408, supplemented in Liber 7837 Page   723 and Liber 7857 Page 357 and amended in Liber 9025 Page 130, Liber 9436   Page 14 and Liber 9620 Page 115. 106 

    

 

EXHIBIT A-29 5   AND 7 ODELL PLAZA PARCEL A All that certain plot, piece or parcel of land   situate, lying and being in the City of Yonkers, County of Westchester and   State of New York being bounded and described as follows: The point of the   within described parcel is located the following courses and distances from   the corner formed by the intersection of the easterly side of North Broadway   with the southerly side of Odell Avenue: RUNNING along the southerly side of   Odell Avenue, South 78 degrees 13’ 00” East 474.04 feet; THENCE partly   through lands now or formerly of Robert Martin Company and partly along the   lands now or formerly of Robert L. Tully, now or formerly of H. and R.   Schwartz and now formerly of Frederick Von Saal, the following four (4)   courses and distances: 1. South 11 degrees 47’ 00” West 129.07 feet; 2. South   21 degrees 22’ 48” West 197.80 feet; 3. North 74 degrees 54’ 54” West 99.87   feet; 4. South 21 degrees 30’ 42” West 166.52 feet to the point of beginning   of the within described parcel; THENCE through the lands now or formerly of   Robert Martin Company, the following five (5) courses and distances: 1. South   68 degrees 31’ 55” East 564.40 feet; 2. South 12 degrees 31’ 42” West 50.00   feet; 3. South 00 degrees 44’ 18” East 178.96 feet; 4. South 21 degrees 27’   28” West 222.05 fact; 5. North 68 degrees 32’ 32” West 529.77 feet to the   lands now or formerly of Erwin H. Rock; THENCE along said lands and   continuing along the lands now or formerly of Designer Homes, Inc. and Dorman   & Wilson and now or formerly of Frederick Von Saal, the following three   (3) courses and distances: 1. North 21 degrees 28’ 05” East 265.92 feet; 2.   North 72 degrees 06’ 46” West 110.42 feet; 3. North 21 degrees 30’ 42” East   178.22 feet to the point and place of BEGINNING. TOGETHER WITH the benefits   and SUBJECT TO the burdens of the Declaration of Easements recorded in Liber   7763 cp 408 as amended and modified in Liber 7837 cp 723, Liber 7857 cp 375   and Liber 9025 cp 130 and the License Agreement contained in Liber 7752 cp   427 as partially assigned by Liber 7763 cp 527. 107 

    

 

PARCEL B ALL   that certain piece or parcel of land situate, lying and being located in the   city of Yonkers, County of Westchester, State of New York and being more   particularly bounded and described as follows: Beginning at a point formed by   the division line between property now or formerly ASCRE, LLC (Tax Lot 56,   Block 3415), property now or formerly Robert Martin Company LLC (Tax Lot 94,   Block 3415); thence over and across property now or formerly Robert Martin   Company LLC (Tax Lot 94, Block 3415). S. 21o27’28” W., a distance of 50.00   feet; thence N. 68o32’32” W., a distance of 207.54 feet; thence N. 21o27’28’’   E., a distance of 50.00 feet to a point on the division line between property   now or formerly So. Westchester Associates L.P. (Tax Lot 54, Block 3415),   property now or formerly Robert Martin Company LLC (Tax Lot 94, Block 3415);   thence along said division line, S. 68o32’32” E., a distance of 207.54 feet   to the point and place of beginning. Being part of the same premises conveyed   to the party of the first party herein by deed recorded on 1/3/13 as Control   No. 523623476. Containing 10,377 square feet or 0.2382 acres, more or less.   108 

    

 

 

EXHIBIT A-30

 

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EXHIBIT A-31 1   EXECUTIVE BOULEVARD ALL that certain plot, piece or parcel of land, situate,   lying and being in the City of Yonkers, Westchester County, New York, being   more particularly bounded and described as follows: BEGINNING at a point on   the easterly side of North Broadway, which point is at the southwesterly   corner of lands now or formerly of Julia Dyckman Andrus Memorial, as shown on   the Subdivision Map prepared for Robert Martin Company in the City of   Yonkers, dated April 30, 1981, and filed in the Office of the Clerk of   Westchester County (Division of Land Records) on March 25, 1982, as Map No.   20862; RUNNING thence along the southerly side of lands now or formerly of   the said Julia Dyckman Andrus Memorial as shown on the aforesaid Filed Map,   the following eleven (11) courses and distances: South 63 degrees 16’ 29”   East 43.90 feet; South 68 degrees 44’ 30” East 19.74 feet; South 69 degrees   27’ 36” East 54.28 feet; South 73 degrees 30’ 27” East 85.71 feet; South 73   degrees 31’ 35” East 91.84 feet; South 77 degrees 22’ 06” East 60.87 feet;   North 84 degrees 48’ 08” East 58.44 feet; South 89 degrees 27’ 14” East 8.52   feet; South 86 degrees 30’ 30” East 50.47 feet; South 82 degrees 37’ 46” East   10.27 feet; and South 76 degrees 38’ 44” East 20.86 feet. RUNNING thence   through property now or formerly of Robert Martin Company, the following four   (4) courses and distances: South 29 degrees 37’ 16” West 218.09 feet; South   60 degrees 22’ 44” East 107.54 feet; South 13 degrees 35’ 32” West 229.82   feet; and South 29 degrees 37’ 16” West 149.78 feet to a point on the   northerly side of Executive Boulevard as shown on the aforesaid Filed Map;   THENCE along the northerly side of Executive Boulevard and easterly side of   North Broadway, as shown on the aforesaid Map, the following three (3)   courses and distances: 110 

    

 

North 60   degrees 22’ 44” West 607.50 feet; Northerly on a curve to the right,   connecting the northerly side of Executive Boulevard to the easterly side of   North Broadway, having a radius of 44.00 feet, a distance of 69.22 feet, the   beginning point of said curve having a radial of North 29 degrees 36’ 45”   East and the end point of the curve having a radial of South 60 degrees 14’   32” East; and North 29 degrees 55’ 28” East a distance of 403.39 feet, to the   point or place of BEGINNING. TOGETHER WITH and SUBJECT TO a 24 foot wide   access easement running along the easterly portion of the above described   premises as contained in Liber 7837 cp 723 and modified by Amended and   Restated Supplementary Declaration of South Westchester Executive Park   Maintenance Association dated October 12, 1987 and recorded in Liber 9025 cp   130. #191545 v8/54525-055 109

    

 

EXHIBIT A-32 2   EXECUTIVE PLAZA ALL that certain plot, piece or parcel of land, situate,   lying and being in the City of Yonkers, County of Westchester and State of   New York, being more particularly bounded and described as follows: BEGINNING   at a point on the southerly side of Executive Boulevard, said point being   South 60 degrees 22’ 44” East 392.33 feet from the northeasterly end of a   curve having a radius of 94.00 feet for a length of 147.43 feet, which curve   connects the southeasterly side of North Broadway with the southwesterly side   of Executive Boulevard (said curve and the alignment of Executive Boulevard   being shown on a certain map entitled. “Subdivision Map Prepared for Robert   Martin Company in the City of Yonkers, Westchester County, N.Y.” prepared by   Ward Carpenter Engineers, Inc. dated April 30, 1981, and filed in the Westchester   County Clerk’s office (Division of Land Records) on March 23, 1982 as Map No.   20862; RUNNING thence from said point of beginning, the following courses and   distances: 1. South 60 degrees 22’ 43” East 170.08 feet, along the   southwesterly side of Executive Boulevard; 2. South 29 degrees 37’ 16” West   71.00 feet; 3. South 60 degrees 22’ 44” East 39.00 feet; 4. South 17 degrees   52’ 08” West 139.00 feet; 5. South 18 degrees 52’ 19” East 42.67 feet; 6.   South 29 degrees 47’ 54” West 18.00 feet; 7. North 60 degrees 11’ 26” West   295.00 feet; 8. North 29 degrees 48’ 00” East 227.48 feet; THENCE along an   easterly curve to the right having a radius of 25.00 feet for a distance of   39.19 feet to the southerly side of Executive Boulevard, the point of   BEGINNING. Subject, however, to the rights of the Mortgagor to create road,   drainage, sewer, water, and driveway easements over the subject property,   subject however to the provisions of South Westchester Executive Park   Maintenance Association Declaration dated May 3, 1982, recorded in the Office   of the Clerk of Westchester County (Division of Land Records) (“Clerk’s   office”) on May 5, 1982, in Liber 7763 of conveyances, at page 408, as   amended and supplemented by the (i) Supplementary Declaration made as of June   8, 1983, recorded in the Clerk’s Office on June 13, 1983, in Liber 7837 of   conveyances, at page 723, (ii) Supplementary Declaration No. 2, made as of   August 15, 1983, recorded in the Clerk’s Office on August 29, 1983, in Liber   7857 of conveyances, at page 375, and (iii) Amended and Restated   Supplementary Declaration, made as of October 12, 1987, recorded in the   Clerk’s Office on November 12, 1987, in Liber 9025 of conveyances, at page   130. #191545 v8/54525-055 110

    

 

EXHIBIT A-33 3   EXECUTIVE BOULEVARD All that certain plot, piece or parcel of land situate,   lying and being in the City of Yonkers, County of Westchester and State of   New York, being more particularly bounded and described as follows: BEGINNING   at a point located at the easterly end of the following eleven (11) courses   and distances, the westerly point of beginning of such eleven (11) courses   and distances being at a point on the southwesterly corner of lands now or   formerly of Julia Dyckman Andrus Memorial, as shown on the subdivision Map   prepared for Robert Martin Company in the City of Yonkers, dated April 30,   1981 and filed in the Office of the Clerk of Westchester County (Division of   Land Records) on March 25, 1982 as Map No. 20862, and which courses and   distances then run along the southerly side of lands now or formerly of the   said Julia Dyckman Andrus Memorial, as shown on the aforesaid filed map as   follows: 1. South 63 degrees 16’ 29” East 43.90 feet; 2. South 68 degrees 44’   30” East 19.74 feet; 3. South 69 degrees 27’ 36” East 54.28 feet; 4. South 73   degrees 30’ 27” East 85.71 feet; 5. South 73 degrees 31’ 35” East 91.84 feet;   6. South 77 degrees 22’ 06” East 60.87 feet; 7. North 84 degrees 48’ 08” East   58.44 feet; 8. South 89 degrees 27’ 14” East 8.52 feet; 9. South 86 degrees   30’ 30” East 50.47 feet; 10. South 82 degrees 37’ 46” East 10.27 feet; 11.   South 76 degrees 38’ 44” East 20.86 feet to the point of beginning of the   within described parcel; RUNNING THENCE from said point of beginning, the   following four (4) courses and distances; 1. South 76 degrees 38’ 44” East   134.72 feet; 2. South 76 degrees 24’ 37” East 219.31 feet; 3. South 75   degrees 47’ 41” East 60.22 feet; 4. South 79 degrees 13’ 25” East 360.41   feet; #191545 v8/54525-055 111

    

 

RUNNING THENCE   through property of Robert Martin Company, South 10 degrees 46’ 35” West   91.05 feet to a point on the northerly side of Executive Boulevard; THENCE   along the northerly side of Executive Boulevard, southerly on a curve to the   left having a radius of 328.00 feet a central angle of 34 degrees 13’ 29” a   distance of 195.926 feet to a point; RUNNING THENCE through property of   Robert Martin Company, the following six (6) courses and distances: 1. North   76 degrees 09’ 20” West 390.59 feet; 2. South 13 degrees 30’ 00” West 62.27   feet; 3. North 70 degrees 17’ 34” West 203.11 feet; 4. North 13 degrees 35’   32” East 2.43 feet; 5. North 60 degrees 22’ 44” West 107.54 feet; 6. North 29   degrees 37’ 16” East 218.09 feet to the point or place of BEGINNING. TOGETHER   WITH the benefits of and SUBJECT TO the burdens of a Declaration of Easements   recorded in Liber 7763 cp 408, as amended and modified in Liber 7837 cp 723,   Liber 7857 cp 375 and Liber 9025 cp 130. TOGETHER WITH a non-exclusive   easement appurtenant to the premises described above, for the installation   and maintenance of electric, gas and telephone lines over and across a   thirty-two (32) foot wide strip over a portion of the premises on the   southerly side of the premises described above (which adjacent premises on the   south are identified as Block 3455 Lot 70 on the Tax Map of the City of   Yonkers), the westerly and northerly boundary lines of such strip being   described as follows: BEGINNING at a point on the northerly side of Executive   Boulevard, as shown on map entitled, “Subdivision Map prepared for Robert   Martin Company” prepared by Ward Carpenter Engineers, Inc. dated April 30,   1981 and filed in the County Clerk’s Office (Division of Land Records)   Westchester County on March 25, 1982 as Map No. 20862, said point of beginning   being distant South 60 degrees 22’ 44” East 607.50 feet as measured along the   northerly side of Executive Boulevard, from the easterly end of a curve   having a radius of 44.00 feet connecting North Broadway; RUNNING THENCE from   said point of beginning along the westerly and then northerly line of the   herein described thirty-two (32) foot wide strip with the following three (3)   courses and distances: 1. North 29 degrees 37’ 16” East 149.78 feet; 2. North   13 degrees 35’ 32” East 227.39 feet; and 3. South 70 degrees 17’ 34” East   203.11 feet. #191545 v8/54525-055 112

    

 

EXHIBIT A-34 4   EXECUTIVE PLAZA ALL that certain plot, piece or parcel of land, situate,   lying and being in the City of Yonkers, County of Westchester and State of   New York, being more particularly bounded and described as follows: BEGINNING   at a point on the southerly side of Executive Boulevard, said point being   South 60 degrees 22’ 44” East 290.33 feet from the northeasterly end of a   curve having a radius of 94.00 feet for a length of 147.43 feet, which curve   connects the southeasterly side of North Broadway with the southwesterly side   of Executive Boulevard (said curve and the alignment of Executive Boulevard   being shown on a certain map entitled “subdivision Map Prepared for Robert   Martin Company in the City of Yonkers, Westchester County, N.Y.” prepared by   Ward Carpenter Engineers, Inc. dated April 30, 1981, and filed in the   Westchester County Clerk’s Office (Division of Land Records) on March 23,   1982 as Map No. 20862); RUNNING thence from said point of beginning, the   following courses and distances: On a curve to the right having a radius of   25.00 feet, for a length of 39.35 feet; South 29 degrees 48’ 00” West 719.13   feet; South 60 degrees 11’ 42” East 329.39 feet; South 13 degrees 33’ 28”   West 12.00 feet; South 62 degrees 43’ 47” East 102.88 feet; South 60 degrees   50’ 59” East 85.14 feet; North 12 degrees 35’ 02” East 521.32 feet; North 60   degrees 11’ 26” West 314.36 feet; North 29 degrees 48’ 00” East 227.48 feet to   a point of curve to the right, having a radius of 25.00 feet, a length of   39.19 feet along the last mentioned curve to a point on the southerly side of   Executive Boulevard; Along the southerly side of Executive Boulevard North 60   degrees 22’ 44” West 102.00 feet, to the point of BEGINNING. Subject,   however, to the rights of the Mortgagor to create road, drainage, sewer,   water, and driveway easements over the subject property, subject however to   the provisions of South Westchester Executive Park Maintenance Association   Declaration dated May 3, 1982, recorded in the Office of the Clerk of   Westchester County (Division of Land Records) (“Clerk’s Office”) on May 5,   1982, in Liber 7763 of conveyances, at page 408, as amended and supplemented   by the (i) Supplementary Declaration made as of June 8, 1983, recorded in the   Clerk’s Office on June 13, 1983, in Liber 7837 of #191545 v8/54525-055 113 

    

 

EXHIBIT A-35 6   EXECUTIVE PLAZA All that certain plot, piece or parcel of land situate, lying   and being in the City of Yonkers, County of Westchester and State of New   York, being more particularly bounded and described as follows: BEGINNING at   a point on the southerly side of Executive Boulevard, said point being   distant South 60 degrees 22’ 44” East 562.41 feet from the northeasterly end   of a curve having a radius of 94.00 feet for a length of 147.43 feet, which   curve connects the southeasterly side of North Broadway with the   southwesterly side of Executive Boulevard (said curve and the alignment to   Executive Boulevard being shown on a certain map entitled, “Subdivision Map   prepared for Robert Martin Company in the City of Yonkers, Westchester   County, N.Y.” prepared by Ward Carpenter Engineers, Inc. dated April 30, 1981   and filed in the Westchester County Clerk’s office (Division of Land Records)   on March 23, 1982 as Map No. 20862; RUNNING THENCE from said point of   beginning, through lands now or formerly of Robert Martin Company, the   following courses and distances: 1. South 29 degrees 37’ 16” West 71.00 feet;   2. South 60 degrees 22’ 44” East 39.00 feet; 3. South 17 degrees 52’ 08” West   139.00 feet; 4. South 18 degrees 52’ 19” East 42.67 feet; 5. South 29 degrees   47’ 54” West 18.00 feet; 6. South 60 degrees 11’ 26” East 19.36 feet; 7.   South 12 degrees 35’ 02” West 521.32 feet; 8. South 60 degrees 50’ 59” East   18.65 feet; 9. South 13 degrees 36’ 36” West 190.14 feet to the northerly   side of Odell Avenue; THENCE along a curve to the right, along the northerly   side of Odell Avenue, said curve having a radius of 240.00 feet for a   distance of 20.54 feet; THENCE along a curve to the left having a radius of   25.00 feet for a distance of 31.47 feet; -continued- #191545 v8/54525-055 114   

    

 

RUNNING THENCE   North 59 degrees 23’ 38” East 164.69 feet; THENCE along a curve to the left   having a radius of 225.00 feet for a distance of 182.42 feet; RUNNING THENCE   North 12 degrees 56’ 25” East 618.04 feet to a point of curve; THENCE along a   curve to the left having a radius of 25.00 feet for a distance of 35.41 feet   to the southerly side of Executive Boulevard; THENCE along the southerly side   of Executive Boulevard, the following courses and distances: 1. Along a curve   to the right having a radius of 328.00 feet for a distance of 44.85 feet; and   2. North 60 degrees 22’ 44” West 242.06 feet to the point of BEGINNING.   TOGETHER WITH the benefits and SUBJECT TO the burdens of a Declaration of   Easements recorded in Liber 7763 cp 408, modified by Liber 7837 cp 723 and   Liber 7857 cp 375 and amended and restated in Liber 9025 cp 130. #191545   v8/54525-055 115

    

 

EXHIBIT A-36   100 CORPORATE BOULEVARD All that certain plot, piece or parcel of land   situate, lying and being in the City of Yonkers, County of Westchester and   State of New York, more particularly bounded and described as follows;   BEGINNING at a point on the easterly side of Enterprise Boulevard distant   172.26 feet southerly from the southerly end of the arc of a curve having a   radius of 25.00 feet, a length of 36.02 feet, which said curve connects the   southerly side of Executive Boulevard and the easterly side of Enterprise   Boulevard; RUNNING thence from said point of beginning the following courses   and distances: South 77 degrees 03’ 35” East 235.00 feet; THENCE easterly on   a curve to the left having a radius of 112.53 feet, a distance of 73.81 feet;   THENCE South 53 degrees 51’ 40” East 218.28 feet; THENCE South 12 degrees 56’   25” West 336.83 feet to a point; RUNNING thence through Corporate Drive the   following courses and distances: South 81 degrees 28’ 05” West 184.45 feet;   THENCE northwesterly on a curve to the right having a radius of 195.00 feet,   a distance of 136.53 feet; THENCE North 58 degrees 24’ 56” West 209.91 feet   to the easterly side of Enterprise Boulevard; RUNNING thence along the same,   North 12 degrees 56’ 25” East 53.66 feet and North 12 degrees 58’ 25” East   349.51 feet to the point or place of BEGINNING. THOSE certain non-exclusive   drainage, sewer and water easements appurtenant to Parcel I described above,   created by that certain South Westchester Executive Park Maintenance   Association Declaration dated May 3, 1982 by Robert Martin Company, recorded   -continued #191545 v8/54525-055 116

    

 

on May 5, 1982   in Liber 7763, at page 408 with the Office of the County Clerk of Westchester   County, New York, as modified by the following documents, all of which were   recorded with said Office: a) Supplementary Declaration of South Westchester   Executive Park Maintenance Association dated as of June 8, 1983 by Robert   Martin Company, recorded on June 13, 1983 in Liber 7837, at page 723; (b)   Supplementary Declaration of South Westchester Executive Park Maintenance   Association dated as of August 15, 1983 by Robert Martin Company, recorded on   August 29, 1983 in Liber 7857, at page 375; (c) Amended and Restated   Supplementary Declaration of South Westchester Executive Park Maintenance   Association, dated as of October 12, 1987 by Robert Martin Company, recorded   on November 12, 1987 in Liber 9025, at page 130; and (d) Supplementary Declaration   No. 3 of South Westchester Executive Park Maintenance Association dated as of   March 13, 1989 by Robert Martin Company and Yonkers Industrial Development   Agency, recorded on March 15, 1989 in Liber 9476, at page 14; and (e)   Supplementary Declaration No. 4 of South Westchester Executive Park   Maintenance Association dated as of August 23, 1989 by Robert Martin Company   and Yonkers Industrial Development Agency, recorded on September 6, 1989 in   Liber 9620, at page 115 (hereinafter collectively called the “Declaration”).   THOSE certain non-exclusive driveway easements appurtenant to Parcel I   described above, created by the Declaration over, upon and across the   following described property; ALL that certain piece or parcel of land being   a 24 foot wide Access Easement situate, lying and being in the City of   Yonkers, County of Westchester, State of New York and being more particularly   bounded and described as follows: BEGINNING at a point on the easterly side   of a proposed road called Enterprise Boulevard, said point being distant   southerly 196.28 feet as measured along the following courses and distances   from the southerly side of Executive Boulevard: on a curve to the left having   a radius of 25.00 feet an arc length of 36.02 feet to a point of tangency and   South 12 degrees 56’ 25” West 160.26 feet; -continued- #191545 v8/54525-055   117

    

 

Said latter   point on the southerly side of Executive Boulevard as shown on “Subdivision   Map prepared for Robert Martin Company” dated April 30, 1981 prepared by Ward   Carpenter Engineers, Inc. and filed in the Westchester County Clerk’s Office,   (Division of Land Records) on March 25, 1982 as Map No. 20862, being distant   easterly 942.56 feet as measured along the southerly side of Executive   Boulevard from the easterly end of a curve connecting the easterly side of   Broadway to said southerly side of Executive Boulevard and having a radius of   94.00 feet and measured along the following courses and distances: South 60   degrees 22’ 44” East 804.47 feet; THENCE on a curve to the left having a   radius of 328.00 feet an arc length of 138.09 feet; RUNNING thence from said   point of beginning around the perimeter of the herein described 24 foot wide   Access Easement; South 77 degrees 03’ 35” East 235.00 feet; THENCE on a curve   to the left having a radius of 100.53 feet, an arc length of 72.85 feet with   a delta angle of 41 degrees 31’ 11”; THENCE South 53 degrees 51’ 40” East   233.51 feet and South 12 degrees 56’ 25” West 314.73 feet to a point and the   northerly line of a proposed road called Corporate Drive; RUNNING thence   along said northerly line, South 81 degrees 53’ 30” West 25.72 feet; THENCE   North 12 degrees 56’ 25” East 308.14 feet and North 53 degrees 51’ 40” West   203.57 feet; THENCE on a curve to the right commencing on a radial of South   21 degrees 20’ 54” East having a radius of 124.53 feet, an arc length of   74.52 feet with a delta angle of 34 degrees 17’ 19” and North 77 degrees 03’   35” West 235.00 feet to a point on the easterly side of a proposed road   called Enterprise Boulevard; -continued- #191545 v8/54525-055 118

    

 

RUNNING thence   along the easterly side of said proposed road North 12 degrees 56’ 25” East   24.00 feet to the point and place of BEGINNING. AND ALL that certain piece or   parcel of land being an Access Easement situate, lying and being in the City   of Yonkers, County of Westchester, State of New York and being more   particularly bounded and described as follows: BEGINNING at a point on the   easterly side of a proposed road called Enterprise Boulevard, said point   being distant southerly 557.79 feet as measured along the following courses   and distances from the southerly side of Executive Boulevard: on a curve to   the left having a radius of 25.00 feet an arc length of 36.02 feet to a point   of tangency and South 12 degrees 56’ 25” West 521.77 feet; Said latter point   on the southerly side of Executive Boulevard as shown on “Subdivision Map   prepared for Robert Martin Company” dated April 30, 1981 prepared by Ward   Carpenter Engineers, Inc. and filed in the Westchester County Clerk’s Office,   (Division of Land Records) on March 25, 1982 as Map No. 20862, being distant   easterly 942.56 feet as measured along the southerly side of Executive   Boulevard from the easterly end of a curve connecting the easterly side of   Broadway to said southerly side of Executive Boulevard and having a radius of   94.00 feet and measured along the following courses and distances: South 60   degrees 22’ 44” East 804.47 feet; THENCE on a curve to the left having a   radius of 28.00 feet an arc length of 138.09 feet; RUNNING thence from said   point of beginning around the perimeter of the herein described Access   Easement on a curve to the left having a radius of 25.00 feet, an arc length   of 30.08 feet with a delta angel of 68 degrees 57’ 05”; -continued- #191545   v8/54525-055 119

    

 

THENCE South 56   degrees 00’ 40” East 181.83 feet; THENCE on a curve to the left having a   radius of 212.50 feet, an arc length of 156.13 feet with a delta angle of 42   degrees 05’ 50”; THENCE North 81 degrees 53’ 30” East 177.76 feet, South 12   degrees 56’ 25” West 53.81 feet, South 81 degrees 53’ 30” West 181.35 feet;   THENCE on a curve to the right having a radius of 272.50 feet, an arc length   of 200.21 feet with a delta angle of 42 degrees 05’ 50” and North 56 degrees   00’ 40” West 125.48 feet; THENCE on a curve to the left having a radius of   25.00 feet, an arc length of 46.58 feet with a delta angle of 106 degrees 44’   52” to the point on the easterly side of a proposed road called Enterprise Boulevard;   RUNNING thence along the easterly side of said proposed road on a curve to   the left having a radius of 275.00 feet an arc length of 20.64 feet   commencing on a radial of South 72 degrees 45’ 31” East and having a delta   angle of 4 degrees 18’ 04” and North 12 degrees 56’ 25” East 95.04 feet to   the point and place of BEGINNING. #191545 v8/54525-055 120

    

 

EXHIBIT A-37   200 CORPORATE BOULEVARD SOUTH All that certain plot, piece or parcel of land   situate, lying and being in the City of Yonkers, County of Westchester and   State of New York, more particularly bounded and described as follows:   BEGINNING at a point on the center line of Corporate Drive distant the   following courses and distances from the easterly side of Enterprise   Boulevard: South 58 degrees 24’ 56” East 209.91 feet; THENCE on a curve to   the left having a radius of 195 feet, a distance of 1.6 feet to the point or   place of beginning; RUNNING thence along the center line of Corporate Drive   the following three courses and distances: 1. on a curve to the left having a   radius of 195 feet, a central angle of 39 degrees 38’ 48” a distance of   134.93 feet; 2. thence North 81 degrees 28’ 5” East 184.45 feet; and 3.   thence North 81 degrees 28’ 05” East 101.15 feet to a corner; THENCE leaving   Corporate Drive and running South 5 degrees 31’ 32” East 141.32 feet; THENCE   on a curve to the right having a radius of 201 feet, a central angle of 11   degrees 08’ 10”, a distance of 39.07 feet; THENCE South 05 degrees 36’ 39”   West 207.94 feet; THENCE on a curve to the right having a radius of 201 feet,   a central angle of 13 degrees 32’ 50”, a distance of 47.53 feet; THENCE South   19 degrees 09’ 29” West 122.91 feet to a corner; THENCE North 78 degrees 11’   25” West 104.23 feet; THENCE on a curve to the left having a radius of 231.50   feet, a central angle of 19 degrees 57’ 11”, a distance of 80.62 feet; THENCE   South 81 degrees 51’ 28” West 230.15 feet to a corner; -continued- #191545   v8/54525-055 121

    

 

THENCE North 08   degrees 05’ 06” West 181.28 feet, North 07 degrees 31’ 52” West 60 feet;   THENCE on a curve to the right having a radius of 350 feet, a central angle   of 34 degrees 55’ 31”, a distance of 213.35 feet; THENCE North 27 degrees 23’   39” East a distance of 112.63 feet to the center line of Corporate Drive and   the point or place of BEGINNING. #191545 v8/54525-055 122

    

 

EXHIBIT A-38   225 CORPORATE BOULEVARD ALL that certain plot, piece or parcel of land   situate, lying and being in the City of Yonkers, County of Westchester and   State of New York, more particularly bounded and described as follows:   BEGINNING at a point on the southerly side of Enterprise Boulevard (50 foot   Wide Right of Way), which said point is the northeasterly corner of the   property herein described; said beginning point marks the division line of   the property herein described and land now or formerly of Suma Federal Credit   Union; RUNNING THENCE along the division line between the property herein   described and land now or formerly of Suma Federal Credit Union, the   following courses and distances: a) South 30 degrees 36 minutes 22 seconds   East, 58.05 feet to a point; b) South 03 degrees 44 minutes 57 seconds East,   13.47 feet to a point of curve; c) On a curve bearing to the right, having a   radius of 150.00 feet an arc length of 61.15 feet to a point; d) South 70   degrees 23 minutes 24 seconds East, 92.61 feet to a point of curve; e) On a   curve bearing to the left, having a radius of 150.00 feet an arc length of   40.81 feet to a point; f) South 85 degrees 58 minutes 44 seconds East, 39.98   feet to the center line of Corporate Boulevard South (30 Foot Wide Access   Easement); THENCE along the center line of Corporate Boulevard South, the   following course and distances: a) On a curve bearing to the left having a   radius of 350.00 feet an arc length of 70.57 feet to a point; b) South 07   degrees 31 minutes 52 seconds East, 60.00 feet to a point; c) South 08   degrees 05 minutes 06 seconds East, 181.28 feet to the division line of the   property herein described and land now or formerly of RMC Development Co.   LLC; THENCE along the division line of the property herein described and land   now or formerly of RMC Development Co. LLC, South 81 degrees 51 minutes 28   seconds West, 300.67 feet to the division line of the property herein   described and land now or formerly of Schott America; THENCE along the   division line of the property herein described and land now or formerly of   Schott America, the following courses and distances: a) North 08 degrees 06   minutes 30 seconds West, 308.78 feet to a point of curve; b) On a curve   bearing to the left having a radius of 280.01 feet an arc length of 46.19   feet to a point; c) South 72 degrees 26 minutes 17 seconds West, 40.01 feet   to a point; #191545 v8/54525-055 123

    

 

THENCE on a   curve bearing to left, having a radius of 240.00 feet an arc length of 37.68   feet to a point of curve; THENCE on a curve bearing to the right, having a   radius of 25.00 feet an arc length of 37.50 feet to the southerly side of   Enterprise Boulevard (50 Foot Wide Right of Way); THENCE along the southerly   side of Enterprise Boulevard, North 59 degrees 23 minutes 38 seconds East,   117.40 feet to the point or place of BEGINNING. #191545 v8/54525-055 124

    

 

EXHIBIT A-39 1   SKYLINE DRIVE ALL that certain plot, piece or parcel of land, situate, lying   and being in the Town of Mount Pleasant, County of Westchester and State of   New York, being known and designated as Lot 1 as shown on a certain map   entitled, “Map of Property prepared for Robert Martin Company” dated 6/3/81   and last redated 7/30/81 and filed in the Westchester County Clerk’s Office   on August 14, 1981, as Map No. 20691, said lot being more particularly   bounded and described as follows: BEGINNING at a point on the south side of   Saw Mill River Road, where the same is intersected by the easterly line of   lands of the Consolidated Edison Company; RUNNING THENCE along the south side   of Saw Mill River Road: 1. North 71 degrees 45’ 20” East 0.10 feet; 2. North   70 degrees 10’ East 68.94 feet; and 3. North 89 degrees 36’ 40” East 81.85   feet to lands now or formerly of Fred Nilsson; THENCE along said lands now or   formerly of Nilsson the following five (5) courses and distances: 1. South 56   degrees 23” 20” East 33.50 feet; 2. South 67 degrees 08’ 20” East 33.50 feet;   3. South 72 degrees 01’ 20” East 70.00 feet; 4. Southerly on a curve to the   right having a radius of 76.00 feet a central angle of 79 degrees 18’, a   distance of 105.19 feet; 5. South 07 degrees 16’ 40” West 431.58 feet to a point;   THENCE North 80 degrees 04’ 40” West 82.14 feet to a point; THENCE North 09   degrees 55’ 20” East 109.17 feet; THENCE northerly on a curve to the left   having a radius of 170.00 feet, a distance of 257.00 feet to a point; THENCE   North 76 degrees 41’ 47” West 46.63 feet to lands of Consolidated Edison   Company; #191545 v8/54525-055 125

    

 

THENCE along   said lands of the Consolidated Edison Company, North 09 degrees 00’ West   214.69 feet to the point or place of BEGINNING. TOGETHER WITH the benefits   and SUBJECT TO the burdens of the Sanitary Sewer and Storm Water Drainage   Easement recorded in Liber 7528 cp 382. TOGETHER WITH the benefits and   SUBJECT TO the burdens of the Easement Agreement between Consolidated Edison   Company of New York, Inc., and Robert Martin Company recorded in Liber 7693   cp 610, Liber 7693 cp 628 and Liber 7693 cp 619. TOGETHER WITH the benefits   and SUBJECT TO the burdens of the Declaration recorded in Liber 7716 cp 704,   as amended by Liber 7720 cp 558. #191545 v8/54525-055 126

    

 

 EXHIBIT A-40 2 AND 4 SKYLINE DRIVE ALL that   certain plots, pieces or parcels of land, situate, lying and being in the   Town of Mount Pleasant, County of Westchester and State of New York, known   and designated as Lot 4 on a certain map entitled, “Subdivision map prepared   for Robert Martin Company” dated 12/18/84 and filed in the Westchester County   Clerk’s Office, Division of Land Records on 4/7/86, as Map No. 22280, which   said lot is more particularly bounded and described as follows: BEGINNING at   a point in the centerline of Skyline Drive, said point being the point of   intersection of the easterly line of lands now or formerly of Consolidated   Edison Co., the westerly line of Lot No. 1 on Westchester County Clerk’s   filed Map No. 20691 and the northerly line of the herein described premises,   all as shown on Map No. 22280 aforesaid; RUNNING THENCE along the centerline   of Skyline Drive the following ten (10) courses and distances: 1. South 76   degrees 41’ 47” East 46.63 feet to a point of curve; 2. Along a curve to the   right having a radius of 170 feet for a distance of 257 feet to a point of   tangency. 3. South 09 degrees 55’ 20” West 109.17 feet to a point of curve;   4. Along a curve to the right having a radius of 145 feet for a distance of   82.83 feet to a point of tangency; 5. South 42 degrees 39’ West 188.94 feet   to a point of curve; 6. Along a curve to the left having a radius of 180 feet   for a distance of 98.81 feet to a point of tangency; 7. South 11 degrees 11’   50” West 257.97 feet to a point of curve; 8. Along a curve to the right   having a radius of 60 feet for a distance of 78.70 feet to a point of   tangency; 9. South 86 degrees 20’ 50” West 235.22 feet to a point of curve;   10. Along a curve to the left having a radius of 185.00 feet for a distance   of 240.77 feet to the division line between the herein described premises and   Lot No, 10 on Westchester County Clerk’s Filed Map No. 21547; RUNNING THENCE   along said division line North 78 degrees 13’ 20” West 201.33 feet to the   division line between the herein described premises and lands now or formerly   of Consolidated Edison Co.; RUNNING THENCE along the same the following four   (4) courses and distances: 1. North 41 degrees 22’ 40” East 996.79 feet; 2.   South 65 degrees 22’ 10” East 72.92 feet; 3. North 11 degrees 04’ 20” East   267.98 feet; and 4. North 09 degrees 00’ 00” West 78.12 feet to the point or   place of BEGINNING. #191545 v8/54525-055 127

    

 

 

EXHIBIT A-41

 

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128

EXHIBIT A-42 5   AND 6 SKYLINE DRIVE PARCEL I AND II — COMPOSITE DESCRIPTION: ALL that certain   piece or parcel of land together situate, lying and being in the Town of Mt.   Pleasant, County of Westchester, State of New York being known and designated   as Lots 5 and 6 as shown on “Map of Property prepared for Robert Martin   Company” dated June 3, 1981 with subsequent redate prepared by Ward Carpenter   Engineers, Inc. and filed in the Westchester County Clerk’s Office (Division   of Land Records) August 14, 1981 as Map No. 20691 and being more particularly   bounded and described as follows: BEGINNING at a point on the centerline of   Skyline Drive East said point being distant easterly 41.67 feet as measured   along said centerline from the easterly end of a curve having a radius of   50.00 feet connecting Skyline Drive; RUNNING THENCE from said point of   beginning along the center line of Skyline Drive East and the northerly side   of Lots 6 and 5, South 77 degrees 09 minutes 10 seconds East 508.98 feet to a   point and the centerline of a “Right of Way and Division Line” as shown on a   map entitled “Map of Land in the Town of Mt. Pleasant” dated July 8, 1903 and   filed in the Westchester County Clerks Office (Division of Land Records)   October 19, 1904 as Map No. 1409; RUNNING THENCE in a southerly direction   along said line, South 00 degrees 43 minutes 20 seconds East 479 feet to a   point and property of the County of Westchester; RUNNING THENCE along property   of the County of Westchester: 1 North 82 degrees 42 minutes 30 seconds West   160.72 feet; 2 South 06 degrees 42 minutes 30 seconds East 424.51 feet; 3   North 77 degrees 09 minutes 10 seconds West 238.83 feet; 4 North 67 degrees   49 minutes 27 seconds Wert 7.41 feet; 5 North 79 degrees 28 minutes 13   seconds West 31.86 feet; and 6 North 78 degrees 07 minutes 46 seconds West   107.57 feet to a point and the division line between Lots 5 and 9 as shown on   said Map No. 20691; #191545 v8/54525-055 129

    

 

RUNNING THENCE   in a northerly direction along said division line, North 12 degrees 50   minutes 50 seconds East 287.30 feet to a point and the division line between   Lots 6 and 9; RUNNING THENCE along said division line: 1. North 77 degrees 09   minutes 10 seconds West 218.00 feet; and 2. North 12 degrees 50 minutes 50   seconds East 10.82 feet to a point and the division between Lot 6 and “Other   property of Robert Martin Company” as shown on said Map No. 20691; RUNNING   THENCE in a northerly direction along said division line, North 12 degrees 50   minutes 50 seconds East 585.12 feet to the centerline of Skyline Drive East   the point and place of BEGINNING. TOGETHER with and easement and right of way   thirty (30) feet in width and turnaround, the center line of which coincides   with a part of the easterly boundary of said premises, which said center line   is designated as “Division Line”, and which “Division Line” and right of way   are shown on a certain map entitled, “Map of land in Town of Mount Pleasant,   Westchester County, New York, formerly of Fitch Landon an more recently of   A.E. Bliss, showing division of same into two equal portions”, made by Ward   Carpenter and Son, C.E.’s, dated July 8, 1903 and filed in the Office the   Register of Westchester County, Division of Land Records, on October 19, 1904   as Map No. 1409. TOGETHER with the provisions of a certain agreement dated   March 2, 1953, by and between Fred Nilsson and C. Powers Taylor recorded in   Westchester County Clerk’s Office, Division of Land Records, on March 5, 1953   in Liber 5188 of Deeds at Page 95, said agreement affecting only that part of   the above described parcel conveyed to C. Powers Taylor by deed recorded in   Liber 4887 Cp 170 and fixing the rights of the parties thereto to the electric   lines, poles, wires and appurtenances extending from Saw Mill River Road over   the right of way between the properties of Nilsson and Taylor as shown on   R.O. Map No. 7928. #191545 v8/54525-055 130

    

 

TOGETHER with   the provisions of an agreement dated April 10, 1967 by and between Bertha   Langle and others as parties of the first, second, third, fourth and fifth   parts and C. Powers Taylor, party of the sixth part and recorded in   Westchester County Clerk’s Office (Division of Land Records) in Liber 6699 of   Deeds, at page 440, said agreement only affecting that part of the above   described parcel conveyed to C. Powers Taylor by deed recorded in Liber 4887   Cp 170 and providing a permanent easement eighteen (18) feet in width along   the easterly line of the above-described premises for the construction and   maintenance of a road. TOGETHER with the provisions of an casement for   sanitary sewer lines and storm water drainage lines granted by Rosedale   Nurseries, Inc., to Robert Martin Company, dated December 28, 1978 and   recorded December 29, 1978 in Liber 7528 Cp 382. TOGETHER with the provisions   of an casement for ingress and egress granted by Consolidated Edison Company   of New York, Inc., to Robert Martin Company dated March 12, 1981 and recorded   April 14, 1981 in Liber 7693 of deeds at page 610. TOGETHER with the   provisions of an easement for storm water detention basins and storm drainage   lines granted by Consolidated Edison Company of New York, Inc. to Robert   Martin Company dated March 12, 1981 and recorded on April 14, 1981 in Liber   7693 of deeds at page 628. TOGETHER with the provisions of a sewer easement   contained in declaration recorded in Liber 7716 Cp 782. TOGETHER with the   provisions of a driveway easement contained in declaration recorded in Liber   7716 Cp 787. TOGETHER with the provisions of a driveway easement contained in   declaration recorded in Liber 7716 Cp 792. TOGETHER with the provisions of a   driveway easement contained in declaration recorded in Liber 7716 Cp 6.   TOGETHER with road, drainage, sewer and water line easements and subject to   the provisions of the Mid-Westchester Executive Park Maintenance Association   Declaration recorded in Liber 7716 Cp 704 as amended by First Amendment to   Mid-Westchester Executive Park Maintenance Association Declaration dated   August 21, 1981 and recorded in Liber 7720 Cp 558. #191545 v8/54525-055 131

    

 

 

 

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132

EXHIBIT A-44 7   SKYLINE DRIVE ALL that certain plots, pieces or parcels of land, situate,   lying and being in the Town of Mount Pleasant, County of Westchester and   State of New York, known and designated as Lot 7 on a certain map entitled,   “Subdivision Map prepared for Robert Martin Company” dated 5/23/83 and filed   in the Westchester County Clerk’s Office, Division of Land Records on   12/16/83, as Map No. 21422, which said lot is more particularly bounded and   described as follows: BEGINNING at a point in the centerline of Skyline Drive   East where the same is intersected by the division line between Lot No. 6 on   Westchester County Clerk’s Map No. 20691 and Lot No. 7 on Map No. 21422 aforesaid;   RUNNING THENCE South 12 degrees 50 minutes 50 seconds along said division   line, 585.11 feet to the division line between the herein described premises   and Lot No. 9 on Westchester County Clerk’s Map No. 20691; RUNNING THENCE   North 77 degrees 09 minutes 10 seconds West along said division line, 486.20   feet to a point in the centerline of Skyline Drive west, said point being the   southwesterly corner of the herein described premises; RUNNING THENCE along   the centerline of Skyline Drive West the following four (4) courses and   distances: 1. North 11 degrees 46 minutes 40 seconds East, 302.93 feet to a   point of curve; 2. On a curve to the right having a radius of 185.00 feet, a   distance of 240.77 feet; 3. North 86 degrees 20 minutes 50 seconds East,   235.22 feet to a point of curve; 4. On a curve to the left having a radius of   60.00 feet, a distance of 78.70 feet to a point in the centerline of skyline   Drive; RUNNING THENCE along same North 11 degrees 11 minutes 50 seconds East   23.91 feet to a point; RUNNING THENCE southeasterly along the centerline of   Skyline Drive on a curve to the left having a radius of 50.00 feet, a   distance of 77.10 feet to a point in the centerline of Skyline Drive East;   THENCE continuing along same South 77 degrees 09 minutes 10 seconds East,   41.67 feet to the point or place of BEGINNING. TOGETHER WITH Driveway   Easement recorded in Liber 7717 Cp. 1 and Liber 7716 Cp. 792. (Affects   premises and more) TOGETHER WITH Grant of Easements for Sanitary Sewer and   Storm Water Drainage Lines recorded in Liber 7528 Cp. 382. (Affects premises   and more) TOGETHER WITH Easements for ingress and egress over Skyline Drive   (East and West) as shown on Filed Map No. 20691, 21422 and 22280. (Affects   premises and more) TOGETHER WITH the benefits and SUBJECT TO the burdens of a   Declaration recorded in Liber 7716 Cp. 704, and amended by Liber 7720 Cp.   558. (Affects premises and more) TOGETHER WITH an Easement from Con Edison to   Robert Martin Company recorded in Liber 9307 Cp. 154. (Affects premises and   more) #191545 v8/54525-055 133

    

 

EXHIBIT A-45 8   AND 10 SKYLINE DRIVE All that certain plot, piece or parcel of land situate,   lying and being in the Town of Mt. Pleasant, County of Westchester and State   of New York, shown and designated as Lot 10 on a map entitled, “Subdivision   map prepared for Robert Martin Company” dated 9/1/83 and filed 5/9/84 in the   Office of the Clerk of Westchester County, Division of Land Records as Map   No. 21547, which said lot may be described as follows: BEGINNING at the intersection   of the centerline of Skyline Drive West with the northerly line of lands of   the County of Westchester which said centerline at the point is also the   division line between Lot 9 as shown on County Clerk Map No. 20691, and said   Lot 10 as Shown on Map No. 21547; THENCE, from said point of beginning, along   said lands of the County of Westchester, the following three (3) courses and   distances: 1) North 76 degrees 24’ 12” West, 137.10 feet; 2) North 74 degrees   36’ 47” West, 307.23 feet; and 3) North 74 degrees 54’ 35” West, 82.85 feet   to the easterly line of lands now or formerly of Consolidated Edison Company;   THENCE, along same, North 41 degrees 22’ 40” East, 658.05 feet to the   northwesterly corner of the herein described parcel; THENCE, along other property   of the Robert Martin Co., South 78 degrees 13’ 20” East, 201.33 feet to the   centerline of said Skyline Drive West; THENCE, along same, being in part   along other property of the Robert Martin Co., and in part along said Lot 9,   South 11 degrees 46’ 40” West, 600.64 feet to the point or place of   BEGINNING. TOGETHER with the provisions of an Easement for sanitary sewer   lines and storm water drainage lines granted by Rosedale Nurseries, Inc., to   Robert Martin Company, dated, December 28, 1978 and recorded December 29,   1978 in Liber 7528 Cp 382. #191545 v8/54525-055 134

    

 

TOGETHER WITH   the provisions of an Easement for ingress and egress granted by Consolidated   Edison Company of New York, Inc. to Robert Martin Company dated March 12, 1981   and recorded April 14, 1981 in Liber 7693 of deed at page 610. TOGETHER with   the provisions of an Easement for storm water detention basins and storm   drainage lines granted by Consolidated Edison Company of New York, Inc. to   Robert Martin Company dated March 12, 1981 and recorded April 14, 1981 in   Liber 7693 of deeds at page 628. TOGETHER with the provisions of easements   for ingress and egress, drainage systems, sewer systems and water system set   forth in the declarations dated 7/30/81, and recorded 8/5/81 in Liber 7716 Cp   704 as amended by instrument dated 8/20/81, recorded 8/21/81 in Liber 7720 Cp   558. TOGETHER with the benefits of the sewer easement granted by the County   of Westchester to Robert Martin Company dated October 10, 1980 and recorded   October 15, 1980 in Liber 7658 Cp 364 and as depicted on Filed Map No. 20309.   Policy insures that the premises hereinabove described (the insured premises)   is contiguous with Skyline Drive West which is in turn contiguous to Skyline   Drive which is in turn contiguous with the easement granted by Consolidated   Edison to Robert Martin Company recorded in Liber 7693 Cp 610. #191545   v8/54525-055 135

    

 

 

 

EXHIBIT A-46

 

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136

EXHIBIT A-47 11   SKYLINE DRIVE ALL that certain piece or parcel of land, situate, lying and   being in the Town of Mt. Pleasant, County of Westchester and State of New   York, and being more particularly bounded and described as follows: BEGINNING   at a point formed by the intersection of the center line of a 50.00 foot wide   Right of Way and the division line between property of the County of   Westchester and Parcel II, as shown on “Subdivision Map prepared for Corham   Artificial Flower Co., Inc.”, dated June 20, 1973, prepared by Ward Carpenter   Engineers Inc., and filed in Westchester County Clerk’s Office (Division of   Land Records) November 9, 1973, as County Clerk Map No. 18087, said point of   beginning being distant easterly 289.02 feet, as measured along said division   line on a course of South 73 degrees 06’ 43” East from the site of a monument   at the intersection of said division line and the easterly side of Saw Mill   River Road; RUNNING THENCE from said point of beginning in a northerly   direction along the center line of a 50.00 foot wide Right of Way and the   westerly side of the herein described parcel, North 19 degrees 05’ 39” East,   60.04 feet to a point; THENCE on a curve to the right having a radius of   250.00 feet, a delta angle of 37 degrees 31’ 42”, an arc length of 163.75   feet to a point of tangency; THENCE North 56 degrees 37’ 21” East, 167.97   feet to a point; THENCE on a curve to the left having a radius of 175.00   feet, a delta angle of 38 degrees 47’ 19”, an arc length of 118.47 feet to a   point of tangency; THENCE from the center line of the aforesaid 50.00 foot   wide Right of Way in an easterly direction along the follow courses and   distances: 1. South 72 degrees 10’ 00” East 77.96 feet; 2. North 41 degrees   21’ 08” East 51.07 feet; 3. South 48 degrees 38’ 51” East 230.00 feet; and 4.   South 41 degrees 22’ 40” West 437.71 feet to a point and the division line   between property of the County of Westchester and Parcel No. II, as shown on   the aforesaid County Clerk Map No. 18087; THENCE in a westerly direction   along said division line: 1. North 73 degrees 06’ 13” West 326.19 feet; and   2. North 73 degrees 06’ 43” West 8.44 feet to a point and the intersection of   said division line and the southerly end of a 50.00 foot wide Right of Way,   the point or place of BEGINNING. #191545 v8/54525-055 137

    

 

EXHIBIT A-48 12   SKYLINE DRIVE All that certain piece or parcel of land situate, lying and   being in the Town of Mount Pleasant, County of Westchester and State of New   York, and being more particularly bounded and described as follows: BEGINNING   at a point on the centerline of a 50 foot wide Right-of-Way, said point being   distant northerly 952.48 feet, as measured along the centerline of said   Right-of-Way, the following courses and distances from its intersection with   the division line between property of the County of Westchester and Parcel   II, as shown on a map entitled “Subdivision Map prepared for Corham   Artificial Flower Co, Inc.” dated June 20, 1973, prepared by Ward Carpenter   Engineers, Inc. and filed on November 9, 1973, in the Westchester County   Clerk’s Office (Division of Land Records) as Map No. 18087, North 19o 05’ 39”   East 60.04 feet to a point of curvature; THENCE on a curve to the right   having a radius of 250.00 feet, an arc length of 163.75 feet to a point of   tangency; THENCE North 56o 37’ 21” East 167.97 feet to a point of curvature;   THENCE on a curve to the left having a radius of 175.00 feet, an arc length   of 118.47 feet to point of tangency; THENCE North 17° 50’ 02” East 275.24   feet to a point of curvature; THENCE on a curve to the right having a radius   of 200.00 feet, an arc length of 85.62 feet to a point of tangency; THENCE   North 42o 21’ 49” East 81.39 feet to said point of beginning; said latter   point of beginning on the division line between property of the County of   Westchester and Parcel II on said filed Map No. 18087, being distant easterly   289.02 feet as measured along said division line on a course of South 73o 06’   43” East from its intersection with the easterly side of Saw Mill River Road,   said latter point being the site of a monument; RUNNING THENCE from said   point of beginning over and across property of the County of Westchester   North 48o 38’ 08” West 79.42 feet, North 35o 32’ 58” West 111.89 feet, and   North 48o 37 20” West 100.00 feet to a point on the division line between   property now or formerly the County of Westchester and property now or   formerly Consolidated Edison of New York; #191545 v8/54525-055 138

    

 

THENCE along   said division line North 41° 22’ 40” East 271.00 feet to a point on the   division line between property now or formerly Mid-Westchester Realty   Associates L.P.(formerly Robert Martin Company); THENCE along said division   line South 74° 54’ 35” East 82.85 feet, South 74o 36’ 47” East 307.23 feet,   and South 76o 24’ 12” East 90.46 feet to a point on the centerline of a 50   foot wide Right-of-Way; THENCE along the centerline of said 50 foot wide   Right-of-Way on a curve to the right having a radius of 175.00 feet, an arc   length of 54.00 feet to a point of tangency; THENCE South 72o 15’ 10” West   181.98 feet to a point of curvature; THENCE on a curve to the left having a   radius of 175.00 feet, an arc length of 91.29 feet to a point of tangency;   THENCE South 42° 21’ 49” West 21698 feet to the point and place of BEGINNING.   #191545 v8/54525-055 139

    

 

EXHIBIT A-49 15   SKYLINE DRIVE ALL that certain piece or parcel of land, situate, lying and   being in the Town of Mt. Pleasant, County of Westchester and State of New   York, and being more particularly bounded and described as follows: BEGINNING   at a point on the center line of a 50.00 foot wide Right of Way, said point   being distant northerly 510.23 feet, as measured along the center line of   said Right of Way, the following courses and distances from its intersection   with the division line between property of the County of Westchester and   Parcel II, as shown on “Subdivision Map prepared for Corham Artificial Flower   Co., Inc.” dated June 20, 1973, prepared by Ward Carpenter Engineers Inc. and   filed in the Westchester County Clerk’s Office (Division of Land Records)   November 9, 1973, as County Clerk Map No. 18087, North 19 degrees 05’ 39”   East, 60.04 feet; RUNNING THENCE on a curve to the right having a radius of   250.00 feet, a delta angle of 37 degrees 31’ 42”, an arc length of 163.75   feet to a point of tangency; THENCE North 56 degrees 37’ 21” East, 167.97   feet; THENCE on a curve to the left having a radius of 175.00 feet, a delta   angle of 38 degrees 47’ 19”, an arc length of 118.47 feet the point of   beginning of the within described parcel; the point on the division line   between Parcel II and property of the County of Westchester as shown on said   County Clerk Map No. 18087, also being distant easterly, 289.02 feet, as   measured along said division line on a course of South 73 degrees 06’ 43”   East from the site of a monument at the intersection of said division line   and the easterly side of Saw Mill River Road; THENCE from said point of   beginning a northerly direction along the center line of a 50.00 foot wide   Right of Way, the following courses and distances: 1. North 17 degrees 50’   02” East, 275.24 feet to a point. THENCE on a curve to the right a radius of   200.00 feet, a delta angle of 24 degrees 31’ 47”, an arc length of 85.62 feet   to a point of tangency; THENCE North 42 degrees 21’ 49” East, 114.90 feet to   a point; THENCE in an easterly direction the following courses and distances:   1. South 48 degrees 38’ 08” East 244.59 feet; 2. South 41 degrees 21’ 52”   West 34.13 feet; 3. South 48 degrees 36’ 08” East 181.43 feet; and 4. South   41 degrees 22’ 40” West 334.09 feet; THENCE in a westerly direction: 1. North   48 degrees 38’ 51” West 230.00 feet; 2. South 41 degrees 21’ 08” West 51.07   feet; and 3. North 72 degrees 10’ 00” West 77.96 feet to a point and the   center line of a 50.00 foot wide Right of Way, the point and place of   BEGINNING. #191545 v8/54525-055 140

    

 

EXHIBIT A-50 17   SKYLINE DRIVE ALL that certain piece or parcel of land, situate, lying and   being in the Town of Mt. Pleasant, County of Westchester and State of New   York, and being more particularly bounded and described as follows: BEGINNING   at a point on the center line of a 50.00 foot wide Right of way, said point   being distant northerly 985.99 feet, as measured along the center line of   said Right of Way, the following courses and distances from its intersection   with the division line between property of the County of Westchester and   Parcel II, as shown on “Subdivision Map prepared for Corham Artificial Flower   Co., Inc.” dated June 20, 1973, prepared by Ward Carpenter Engineers Inc. and   filed in the Westchester County Clerk’s Office (Division of Land Records)   November 9, 1973, as County Clerk Map No. 18087, North 19 degrees 05’ 39”   East, 60.04 feet; RUNNING THENCE on a curve to the right having a radius of   250.00 feet, a delta angle of 37 degrees 31’ 42”, an arc length of 163.75   feet to a point of tangency; THENCE North 56 degrees 37’ 21” East 167.97   feet; THENCE on a curve to the left having a radius of 175.00 feet, a delta   angle of 38 degrees 47’ 19”, an arc length of 118.47 feet to a point of   tangency; THENCE North 17 degrees 50’ 02” East 275.24 feet to a point; THENCE   on a curve to the right having a radius of 200.00 feet, a delta angle of 24   degrees 31’ 47”, an arc length of 85.62 feet to a point of tangency; THENCE   North 42 degrees 21’ 49” East 114.90 feet to a point, the point of beginning   of the within described parcel; the point on the division line between Parcel   II and property of the County of Westchester, as shown on said County Clerk   Map No. 18087, also being distant easterly, 289.02 feet, as measured along   said division line on a course of South 73 degrees 06’ 43” East from its   intersection with the easterly side of Saw Mill River Road, said latter point   being the site of a monument; #191545 v8/54525-055 141

    

 

THENCE   northeasterly from said point of beginning along the center line of a 50.00   foot wide Right of Way, the following courses and distances: 1. North 42   degrees 21’ 21” East 183.47 feet to a point; THENCE on a curve to the right   having a radius of 175.00 feet, a delta angle of 29 degrees 53’ 49”, an arc   length of 92.29 feet to a point of tangency; THENCE North 72 degrees 15’ 10”   East 181.98 feet; THENCE on a curve to the left having a radius of 175.00   feet, a delta angle of 17 degree 40’ 44”, an arc length of 54.00 feet to a   point and the division line between Lot 10 and property of the County of   Westchester, as shown on “Map of Property prepared for Robert Martin Company”   dated June 3, 1981 with subsequent revisions prepared by Ward Carpenter   Engineers Inc. and filed in the Westchester County Clerk’s Office (Division   of Land Records) August 14, 1981, as Map No. 20691; and being identically   shown on “Subdivision Map prepared for Robert Martin Company” dated September   11, 1993, prepared by Ward Carpenter Engineers Inc. and filed in the   Westchester County Clerk’s Office (Division of Land Records) May 9, 1984 as   Map No. 21547; THENCE in an easterly direction along said division line,   South 76 degrees 24’ 12” East 71.66 feet to a point; THENCE the following   courses and distances: 1. South 11 degrees 46’ 40” West 447.68 feet; 2. South   41 degrees 22’ 40” West 154.57 feet; 3. North 48 degrees 36’ 08” West 181.43   feet; 4. North 41 degrees 21’ 52” East 34.13 feet; and 5. North 48 degrees   38’ 08” West 244.59 feet to a point and the center line of a 50.00 foot wide   Right of Way, the point and place of BEGINNING. #191545 v8/54525-055 142

    

 

EXHIBIT A-51   200 SAW MILL RIVER ROAD All that certain plot, piece or parcel of land   situate, lying and being in the Town of Mt. Pleasant, County of Westchester   and State of New York, shown as Lot Number 8 on a certain map entitled,   “Subdivision Map Prepared for Robert Martin Properties, Inc., situated in   Hawthorne, Town of Mt. Pleasant, Westchester County, N.Y.”, made by Chas.   H.Sells, Inc., surveyors, dated October 30, 1969 and revised March 30, 1973   and filed in the Westchester County Clerk’s Office, Division of Land Records   on April 25, 1973 as Map No. 17971, being more particularly bounded and   described as follows: BEGINNING at a point on the easterly side of the   highway leading from Hawthorne to Tarrytown known as Saw Mill River Road   where the same is intersected by the southerly line of Lot 37 now shown on   Map of Joshua M. Sprague Subdivision filed in the Office of the County Clerk,   Division of Land Records, formerly Register’s Office of Westchester County as   Map Number 1659; THENCE RUNNING along the southerly line of said Lot 37 and   continuing along Lot 38 as shown on said subdivision map, South 81 degrees   02’ 24” East 280.89 feet to a point in the southerly terminus of Rutledge   Avenue; RUNNING THENCE in a general southerly direction through other lands   of Robert Martin Properties, Inc., the following six (6) courses and   distances: 1. South 10 degrees 24’ 57” East 123.41 feet; 2. South 78 degrees   27’ 59” East 82.21 feet; 3. South 00 degrees 52’ 16” West 301.87 feet; 4. North   89 degrees 07’ 44” West 27.00 feet; 5. South 30 degrees 30’ 13” West 127.08   feet; and 6. South 07 degrees 38’ 09” West 31.00 feet to the northerly line   of a certain map entitled, “Subdivision Map Section 2 Bradhurst Manor”;   RUNNING THENCE westerly and along said northerly line of said Map No. 10610,   North 81 degrees 58’ 49” West 346.00 feet to the aforesaid easterly side of   Saw Mill River Road; and #191545 v8/54525-055 143

    

 

RUNNING THENCE   northerly and along said easterly side of Saw Mill River Road, the following   two (2) courses and distances: 1. North 10 degrees 58’ 11” East 123.08 feet;   and 2. North 04 degrees 55’ 11” East 455.79 feet to the point or place of   BEGINNING. #191545 v8/54525-055 144

    

 

EXHIBIT A-52 240   WHITE PLAINS ROAD ALL that certain piece or parcel of land, situate, lying   and being located in the Village of Tarrytown, Town of Greenburgh, County of   Westchester, State of New York being more particularly bounded and described   as follows: BEGINNING at a point formed by the southerly side of Tarrytown   White Plains Road/Route 119 (as widened) and the easterly side of Meadow   Street as shown on a certain map entitled “New York State Department of   Transportation Description and Map for the Acquisition of Property” filed in   the Westchester County Clerk’s Office (Division of Land Records) on May 1,   1993 as Map No. 24132; RUNNING THENCE along the southerly side of Tarrytown   White Plains Road/Route 119 (as widened) the following courses and distances:   North 80 degrees 10 minutes 32 seconds East, 122.00 feet; THENCE on a curve   to the left having a radius of 1746.59 feet, an arc length of 121.17 feet to   a point; THENCE South 5 degrees 50 minutes 59 seconds East, 1.50 feet; THENCE   on a curve to the left having a radius of 1011.50 feet, an arc length of   174.16 feet to a point; THENCE North 74 degrees 08 minutes 37 seconds East,   224.06 feet to a point; THENCE on a curve to the right having a radius of   1704.50 feet, an arc length of 109.02 feet to a point; THENCE South 12   degrees 13 minutes 03 seconds East, 1.50 feet to a point; THENCE North 79   degrees 02 minutes 45 seconds East, 75.23 feet, North 76 degrees 31 minutes   23 seconds East, 74.40 feet to a point on the easterly side of Lot 1 as shown   on a map entitled “Talleyrand Subdivision Map” prepared by Ward Carpenter   Engineers, Inc. dated March 29, 1982 and filed in the Westchester County   Clerk’s Office (Division of Land Records) on April 29, 1982 as Map No. 20901;   RUNNING THENCE along the easterly side of Lot 1 South 7 degrees 54 minutes 19   seconds East, 9.07 feet to a point on the southerly side of Tarrytown White   Plains Road (Route 119) as widened; THENCE North 77 degrees 12 minutes 56   seconds East 22.14 feet to a point on the easterly side of the herein   described parcel; THENCE on a curve to the left having a radius of 25.00   feet, an arc length of 15.00 feet to a point; THENCE South 7 degrees 09   minutes 55 seconds East, 67.38 feet to a point; THENCE on a curve to the left   having a radius of 120.00 feet, an arc length of 67.96 feet to a point;   THENCE South 39 degrees 36 minutes 48 seconds East, 74.25 feet; #191545   v8/54525-055 145

    

 

THENCE South 34   degrees 31 minutes 39 seconds East, 45.65 feet; THENCE on a curve to the   right having a radius of 185.00 feet, an arc length of 196.58 feet; THENCE   South 26 degrees 21 minutes 21 seconds West, 448.37 feet, North 63 degrees 38   minutes 39 seconds West, 309.24 feet, South 26 degrees 21 minutes 21 seconds   West, 86.32 feet, North 63 degrees 38 minutes 39 seconds West, 347.86 feet,   North 83 degrees 29 minutes 04 seconds West, 53.48 feet to a point on the   easterly side of Meadow Street; THENCE along the easterly side of Meadow   Street North 18 degrees 38 minutes 39 seconds West, 438.71 feet to the   southerly side of Tarrytown White Plains Road (Route 119) as widened as shown   on the aforesaid filed Map No. 24132, the point and place of BEGINNING.   EXCEPTING THEREFROM so much of the premises that was conveyed to H’Y2   Talleyrand, LLC by Deed dated as of August 12, 2014 and recorded on September   3, 2014 under Control No. 542153008. #191545 v8/54525-055 146

    

 

 

 

EXHIBIT B

 

ASSIGNMENT AND ASSUMPTION OF SERVICE CONTRACTS, LICENSES AND PERMITS

 

THIS ASSIGNMENT AND ASSUMPTION OF SERVICE CONTRACTS, LICENSES AND PERMITS (this “Assignment”) is made as of                   , 20   by and between                    , a limited liability company organized under the laws of the State of New York, having an office located at c/o Mack-Cali Realty Corporation, Harborside 3, 210 Hudson Street, Suite 400, Jersey City, New Jersey 07311 (“Assignor”), and                      , a                            , having an office located at                          (“Assignee”).

 

W I T N E S S E T H:

 

WHEREAS, Assignor is the owner of real property commonly known as             ,                , New York (the “Property”), which Property is affected by certain service agreements, maintenance contracts, equipment leasing agreements, warranties, guarantees, bonds, construction contracts, open purchase orders and other contracts for the provision of labor, services, materials or supplies relating solely to the Property, as set forth on Exhibit A attached hereto and made a part hereof (hereinafter collectively referred to as the “Contracts”);

 

WHEREAS, Assignor has entered into that certain Agreement of Sale and Purchase (the “Sale Agreement”), dated                   , 20  , with Assignee, wherein Assignor has agreed to convey to Assignee all of Assignor’s right, title and interest in and to the Property;

 

WHEREAS, Assignor desires to assign to Assignee, to the extent assignable, all of Assignor’s right, title and interest in and to: (i) the Contracts and (ii) all licenses, permits, certificates of occupancy, approvals, authorizations, variances, consents, dedications, subdivision maps and entitlements in connection with the Property now or hereafter issued, approved or granted by any governmental or quasi-governmental bodies or agencies having jurisdiction over the Property or any portion thereof, together with all renewals and modifications thereof (collectively, the “Licenses and Permits”), and Assignee desires to accept the assignment of such right, title and interest in and to the Contracts and Licenses and Permits and to assume Assignor’s rights and obligations thereunder.

 

NOW, THEREFORE, in consideration of the mutual covenants and conditions herein contained and for other good and valuable consideration, the parties, intending to be legally bound, do hereby agree as follows:

 

1.                                      Assignor hereby assigns, sells, transfers, and sets over to Assignee, its successors and assigns, to the extent assignable as of the date hereof, all of Assignor’s right, title and interest in and to the Contracts.  Assignee hereby accepts the foregoing assignment and transfer and agrees to assume, fulfill, perform and discharge all the various commitments, obligations and liabilities of Assignor under and by virtue of the Contracts from and after the date hereof.

 

2.                                      Assignor hereby assigns, sells, transfers, and sets over to Assignee, its successors and assigns, to the extent assignable, all of Assignor’s right, title and interest in and to the Licenses and Permits, and Assignee hereby accepts such assignment, sale and transfer from and after the date hereof.

 

3.                                      Assignee hereby agrees to indemnify and hold Assignor harmless from all loss, expense or liability (including, without limitation, reasonable attorneys’ fees and disbursements) relating to the Contracts and Licenses and Permits accruing from or after the date hereof, and Assignor hereby agrees to indemnify and hold Assignee harmless from all loss, expense or liability (including, without limitation,

 

147

 

reasonable attorneys’ fees and disbursements) relating to the Contracts and Licenses and Permits accruing prior to the date hereof.

 

4.                                      This Assignment is made without representation, warranty (express or implied) or recourse of any kind, except as may be expressly provided herein or in the Sale Agreement.

 

5.                                      This Assignment shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.  This Agreement shall be governed by, and construed under, the laws of the State of New York.

 

6.                                      This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original Assignment, but all of which shall constitute but one and the same Assignment.

 

7.                                      Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Sale Agreement.

 

IN WITNESS WHEREOF, Assignor and Assignee do hereby execute and deliver this Assignment as of the date and year first above written.

 

	
 
    	
ASSIGNOR:
    
	
 
    	
 
    
	
 
    	
                                                                  L.L.C.
    
	
 
    	
By:                                             ,   its sole member
    
	
 
    	
By:                                               ,   its general partner
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ASSIGNEE:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

148

 

Exhibit A

 

Contracts

 

149

 

EXHIBIT C

 

ASSIGNMENT AND ASSUMPTION OF LEASE OBLIGATIONS

 

THIS ASSIGNMENT AND ASSUMPTION OF LEASE OBLIGATIONS (this “Assignment”) is made as of                   , 20   by and between                           , a limited liability company organized under the laws of the State of New York, having an office located c/o Mack-Cali Realty Corporation, Harborside 3, 210 Hudson Street, Suite 400, Jersey City, New Jersey 07311 (“Assignor”), and                 , a                   , a                 , having an office located at               (“Assignee”).

 

W I T N E S S E T H:

 

WHEREAS, the property commonly known as            ,         , New York (the “Property”) is affected by certain leases and other agreements with respect to the use and occupancy of the Property, which leases and other agreements are listed on Exhibit A annexed hereto and made a part hereof (the “Leases”);

 

WHEREAS, Assignor has entered into that certain Agreement of Sale and Purchase (“Agreement”) with Assignee dated                    , 20  , wherein Assignor has agreed to assign and transfer to Assignee all of Assignor’s right, title and interest in and to (i) the Leases, (ii) all security deposits paid to Assignor, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the benefit of the tenant), to the extent such security deposits have not yet been applied toward the obligations of any tenant under the Leases, which security deposits are listed on Exhibit B annexed hereto and made a part hereof (“Security Deposits”), and (iii) the Leasing Commission Agreements entered into in connection with the Leases, which leasing commission agreements are listed on Exhibit C annexed hereto and made a pert hereof (the “Leasing Commission Agreements”);

 

WHEREAS, Assignor desires to assign to Assignee all of Assignor’s right, title and interest in and to the Leases, Security Deposits, and Leasing Commission Agreements, and Assignee desires to accept the assignment of such right, title and interest in and to the Leases, Security Deposits, and Leasing Commission Agreements and to assume all of Assignor’s rights and obligations under the Leases, with respect to the Security Deposits, and under the Leasing Commission Agreements.

 

NOW, THEREFORE, in consideration of the mutual covenants and conditions herein contained and for other good and valuable consideration, the parties intending to be legally bound, do hereby agree as follows:

 

1.                                      Assignor hereby assigns, sells, transfers, sets over and conveys to Assignee, its successors and assigns, all of Assignor’s right, title and interest in and to (i) the Leases, (ii) Security Deposits, and (iii) the Leasing Commission Agreements.  Assignee, from and after the date hereof, hereby accepts this assignment, sale, transfer and conveyance and agrees to assume, fulfill, perform and discharge all the various commitments, obligations and liabilities of Assignor under and by virtue of the Leases, including but not limited to the obligation to properly maintain, apply and return the Security Deposits in accordance with terms and conditions of the Leases, and under the Leasing Commission Agreements.

 

2.                                      Assignor hereby agrees to defend, indemnify and hold harmless Assignee from any liability, damages, causes of actions, out-of-pocket expenses and reasonable attorneys’ fees incurred by Assignee by reason of the failure of Assignor to fulfill, perform and discharge all of the various commitments, obligations and liabilities of Assignor under and by virtue of the Leases, Security Deposits and Leasing Commission Agreements with respect to the period of Assignor’s ownership prior to the

 

150

 

effective date hereof, including, without limitation, the return of Security Deposits and the payment of brokerage commissions relating thereto.

 

3.                                      Assignee hereby agrees to defend, indemnify and hold harmless Assignor from any liability, damages, causes of actions, out-of-pocket expenses and reasonable attorneys’ fees incurred by Assignor by reason of the failure of Assignee to fulfill, perform and discharge all of the various commitments, obligations and liabilities of Assignee under and by virtue of the Leases, Security Deposits and Leasing Commission Agreements assigned hereunder from and after the effective date hereof, including, without limitation, the return of Security Deposits and the payment of brokerage commissions relating thereto.

 

4.                                      This Assignment is made without representation, warranty (express or implied) or recourse of any kind, except as may be expressly provided herein or in the Agreement.

 

5.                                      This Assignment shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.  This Assignment shall be governed by, and construed under, the laws of the State of New York.

 

6.                                      This Assignment may be executed in one or more counterparts, each of which shall be deemed to be an original Assignment, but all of which shall constitute but one and the same Assignment.

 

7.                                Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.

 

IN WITNESS WHEREOF, Assignor and Assignee do hereby execute and deliver this Assignment as of the date and year first above written.

 

	
 
    	
ASSIGNOR:
    
	
 
    	
 
    
	
 
    	
                                                                  L.L.C.
    
	
 
    	
By:                                               ,   its sole member
    
	
 
    	
By:                                               ,   its general partner
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ASSIGNEE:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

151

 

Exhibit A

 

Description of Leases

 

152

 

Exhibit B

 

Security Deposits

 

153

 

Exhibit C

 

Leasing Commission Agreements

 

154

 

EXHIBIT D

 

BILL OF SALE

 

, a New York limited liability company (“Seller”), for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants, bargains, sells, transfers and delivers to                       , a                       (“Buyer”), all of Seller’s right, title and interest in and to all equipment, appliances, tools, supplies, machinery, artwork, furnishings, any construction documents, “as built” plans and specifications and floor plans for the existing improvements and landscape plans, surveys, environmental site assessments and warranties relating to and only to the extent reflecting current conditions at the Real Property (but specifically excluding any such items which may have been prepared for or identify potential capital improvements or development), and other tangible personal property attached to, appurtenant to, located in and used exclusively in connection with the ownership or operation of the real property commonly known as                , New York  (the “Real Property”) and situated at the Real Property on the date hereof, but specifically excluding all personal property leased by Seller or owned by tenants or others, if any (the “Personal Property”), to have and to hold the Personal Property unto Buyer, its successors and assigns, forever.

 

Seller makes no representation or warranty to Buyer, express or implied, in connection with this Bill of Sale or the sale, transfer and conveyance made hereby, except as may be set forth in that certain Agreement of Sale and Purchase, dated February   , 2019 and entered into by and among Seller, and RMC Acquisition Entity, LLC.

 

EXECUTED under seal this       day of             , 20  .

 

 

	
 
    	
                                                                  L.L.C.
    
	
 
    	
 
    
	
 
    	
By:                                               ,   its sole member
    
	
 
    	
By:                                               ,   its general partner
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

155

EXHIBIT D-1   MOTOR VEHICLES Estimated State Owned or Leased Name/Add to be used on ID Card   NY ONLY - Registrant Address NY ONLY - Registrant FEIN Cost When Plate Number   Purchased Empire State Vehicle Leasing LLC, c/o Mack-Cali Realty 100   Clearbrook Rd. Elmsford NY New York Owned Corporation, 100 Clearbrook Rd.   Elmsford NY 10523 10523 030-485-627 $14,476 Plate CCG8320 Empire State   Vehicle Leasing LLC, c/o Mack-Cali Realty 100 Clearbrook Rd. Elmsford NY New   York Owned Corporation, 100 Clearbrook Rd. Elmsford NY 10523 10523   030-485-627 $15,106 Plate CCG8319 Empire State Vehicle Leasing LLC, c/o   Mack-Cali Realty 100 Clearbrook Rd. Elmsford NY New York Owned Corporation,   100 Clearbrook Rd. Elmsford NY 10523 10523 030-485-627 $21,559 Plate CVU9344   Empire State Vehicle Leasing LLC, c/o Mack-Cali Realty 100 Clearbrook Rd.   Elmsford NY New York Owned Corporation, 100 Clearbrook Rd. Elmsford NY 10523   10523 030-485-627 $21,448 Plate FFJ6124 Empire State Vehicle Leasing LLC, c/o   Mack-Cali Realty 100 Clearbrook Rd. Elmsford NY New York Owned Corporation,   100 Clearbrook Rd. Elmsford NY 10523 10523 030-485-627 $27,150 Plate GXD4983   Empire State Vehicle Leasing LLC, c/o Mack-Cali Realty 100 Clearbrook Rd.   Elmsford NY New York Owned Corporation, 100 Clearbrook Rd. Elmsford NY 10523   10523 030-485-627 $24,481 Plate 90758ME #191545 v8/54525-055 158

    

 

 

EXHIBIT E

 

ASSIGNMENT AND ASSUMPTION OF GROUND LEASE AGREEMENT

 

THIS ASSIGNMENT AND ASSUMPTION OF GROUND LEASE AGREEMENT (this “Assignment”) is made as of                   , 20   (the “Effective Date”) by and between                           L.L.C., a limited liability company organized under the laws of the State of New York, having an office located c/o Mack-Cali Realty Corporation, Harborside 3, 210 Hudson Street, Suite 400, Jersey City, New Jersey 07311 (“Assignor”), and                 , a                   , having an office located at                       (“Assignee”).

 

W I T N E S S E T H:

 

WHEREAS, Assignor is the tenant under that certain lease [INSERT RESPECTIVE GROUND LEASE DESCRIPTION FROM PSA] (collectively, as amended and assigned, the “Ground Lease”), covering that certain parcel of land in the Town of Mount Pleasant, County of Westchester, State of New York, as more particularly described in the Ground Lease, and commonly known by the address      Skyline Drive, Mount Pleasant, New York, [being Section       , Block   , Lot   , as shown on the tax map of the Town of Mount Pleasant] [as more particularly described on Exhibit A annexed hereto and made a pert hereof].

 

WHEREAS, Assignor and Assignee are parties to that certain Agreement of Sale and Purchase dated                    , 20   (“Agreement”), wherein Assignor has agreed to assign to Assignee all of Assignor’s right, title and interest in and to the Ground Lease, and Assignee has agreed to accept the assignment of such right, title and interest in and to the Ground Lease and to assume all of Assignor’s right, title and interest in the Ground Lease.

 

NOW, THEREFORE, in consideration of the sum of Ten Dollars, the mutual covenants and conditions herein contained and for other good and valuable consideration, the parties intending to be legally bound, do hereby agree as follows:

 

1.                                      Assignor hereby assigns, sells, transfers, sets over and conveys to Assignee, its successors and assigns, all of Assignor’s right, title and interest in and to the Ground Lease from and after the Effective Date.  Assignee hereby accepts the assignment, sale, transfer and conveyance of Assignor’s right, title and interest in and to the Ground Lease and agrees to assume, fulfill, perform and discharge all the various commitments, obligations and liabilities (collectively, “Obligations”) of Assignor under and by virtue of the Ground Lease arising from and after the Effective Date.

 

2.                                      Assignee hereby agrees to indemnify and hold Assignor harmless from all loss, expense or liability (including, without limitation, attorneys’ fees and disbursements) relating to the Obligations accruing from or after the Effective Date.

 

3.                                      Assignor hereby agrees to indemnify and hold Assignee harmless from all loss, expense or liability (including, without limitation, attorneys’ fees and disbursements) relating to the Obligations accruing prior to the Effective Date.

 

4.                                      This Assignment is made without representation, warranty (express or implied) or recourse of any kind, except as may be expressly provided herein or in the Agreement.

 

5.                                      This Assignment shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.  This Assignment shall be governed by, and construed under, the laws of the State of New York.

 

157

 

6.                                      This Assignment may be executed in one or more counterparts, each of which shall be deemed to be an original Assignment, but all of which shall constitute but one and the same Assignment.

 

IN WITNESS WHEREOF, Assignor and Assignee do hereby execute and deliver this Assignment as of the date and year first above written.

 

	
 
    	
ASSIGNOR:
    
	
 
    	
 
    
	
 
    	
                                                                  L.L.C.
    
	
 
    	
By:                                               ,   its sole member
    
	
 
    	
By:                                               ,   its general partner
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ASSIGNEE:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

158

 

EXHIBIT F

 

Service Contracts

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
A&A Maintenance Enterprise, Inc.
    	
 
    	
Handyman Services
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
June 6, 2017
    	
 
    	
No
    	
 
    	
CWEP - All Buildings
    	
 
    	
17-026
    
	
A&A Maintenance Enterprises, Inc.
    	
 
    	
Matron and Janitorial
    	
 
    	
3 Odell Realty L.L.C.
    	
 
    	
January 19, 2018
    	
 
    	
Yes
    	
 
    	
SWEP - 3 Odell Plaza Only
    	
 
    	
18-007
    
	
ABM Air Conditioning & Heating, Inc.
    	
 
    	
HVAC Maintenance
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
October 9, 2015
    	
 
    	
Yes
    	
 
    	
MWEP - 4, 5, 6, 8, 10, 11, 12, 15 Skyline Drive   and 200 Saw Mill Rd Only
    	
 
    	
15-072
    
	
ABM Air Conditioning & Heating, Inc.
    	
 
    	
HVAC Maintenance
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
October 12, 2015
    	
 
    	
Yes
    	
 
    	
CWEP - All Buildings
    	
 
    	
15-074
    
	
ABM Air Conditioning & Heating, Inc.
    	
 
    	
HVAC Maintenance
    	
 
    	
Mid-Westchester Realty Associates L.L.C.
    	
 
    	
July 22, 2016
    	
 
    	
No
    	
 
    	
MWEP - 17 Skyline Drive Only
    	
 
    	
16-088
    
	
ABM Air Conditioning and Heating, Inc.
    	
 
    	
HVAC Maintenance
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
October 26, 2015
    	
 
    	
Yes
    	
 
    	
SWEP - 1, 5, and 7 Odell Plaza, 4 and 6 Executive   Plaza, 100 and 200 Corporate Blvd Only
    	
 
    	
15-089
    
	
ABM Air Conditioning and Heating, Inc.
    	
 
    	
HVAC Maintenance
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
January 31, 2018
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
18-011
    
	
ABM Air Conditioning and Heating, Inc.
    	
 
    	
HVAC Maintenance - Annual
    	
 
    	
3 Odell Realty L.L.C.
    	
 
    	
December 15, 2017
    	
 
    	
No
    	
 
    	
SWEP - 3 Odell Plaza Only
    	
 
    	
17-043
    
	
ABM Air Conditioning and Heating, Inc.
    	
 
    	
HVAC Maintenance (AVR Realty Associates)
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
April 1, 2018
    	
 
    	
No
    	
 
    	
SWEP - 1 Executive Blvd Only
    	
 
    	
18-017
    
	
ABM Air Conditioning and Heating, Inc.
    	
 
    	
HVAC Maintenance (Bronx Lebanon Hospital)
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
December 6, 2016
    	
 
    	
No
    	
 
    	
SWEP - 1 Executive Blvd Only
    	
 
    	
16-146
    

 

159

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
ABM Air Conditioning and Heating, Inc.
    	
 
    	
HVAC Maintenance (Opengate)
    	
 
    	
Mack-Cali Mid-West Realty Associates LLC
    	
 
    	
June 13, 2017
    	
 
    	
No
    	
 
    	
MWEP - 10 Skyline Drive Only
    	
 
    	
17-029
    
	
ABM Janitorial Services NE, Inc.
    	
 
    	
Janitorial Services
    	
 
    	
Entities listed on Exhibit G
    	
 
    	
October 15, 2015
    	
 
    	
No
    	
 
    	
CWEP — 100 Clearbrook Rd Only. MWEP: 2, 7, 8   Skyline Drive Only, SWEP — 1 and 3 Executive Blvd Only.
    	
 
    	
15-066
    
	
ABM Janitorial Services, Inc.
    	
 
    	
Handyman Services
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
December 23, 2015
    	
 
    	
Yes
    	
 
    	
MWEP - All Buildings and Associations
    	
 
    	
15-076
    
	
ABM Janitorial Services, Inc.
    	
 
    	
Janitorial Services for Opengate
    	
 
    	
Mack-Cali Mid-West Realty Associates LLC
    	
 
    	
January 19, 2018
    	
 
    	
Yes
    	
 
    	
MWEP - 10 Skyline Drive Only
    	
 
    	
18-010
    
	
All Safe Fire Sprinkler Corp.
    	
 
    	
Fire Sprinkler Inspection and Service
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
May 11, 2018
    	
 
    	
No
    	
 
    	
SWEP - All Buildings
    	
 
    	
18-023
    
	
All Safe Fire Sprinkler Corp.
    	
 
    	
Fire Sprinkler System Services
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
September 1, 2016
    	
 
    	
No
    	
 
    	
CWEP - All Buildings; MWEP - All Buildings
    	
 
    	
16-102
    
	
Alternative Pest Control
    	
 
    	
Exterminating and Pest Control
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
September 14, 2016
    	
 
    	
No
    	
 
    	
MWEP - All Buildings and Associations; CWEP - All   Buildings
    	
 
    	
16-107
    
	
Alternative Pest Control
    	
 
    	
Extermination and Pest Control Services
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
December 20, 2017
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
17-045
    
	
Automated Control Logic, Inc.
    	
 
    	
Andover Automation Systems
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
January 19, 2017
    	
 
    	
Yes
    	
 
    	
CWEP - 100 Clearbrook Rd Only; MWEP - 2, 7, and   17 Skyline Drive Only; SWEP - 3 Executive Blvd Only
    	
 
    	
17-007
    
	
B & H Security
    	
 
    	
Monitoring Services - Central Station
    	
 
    	
So. Westchester Realty Associates L.L.C. and Mack-Cali   So. West Realty Associates L.L.C.
    	
 
    	
October 1, 2016
    	
 
    	
No
    	
 
    	
SWEP - 1 and 3 Executive Blvd Only
    	
 
    	
16-129
    
	
BH Security
    	
 
    	
Security Systems Inspection - Annual
    	
 
    	
Skyline Realty L.L.C.
    	
 
    	
January 22, 2016
    	
 
    	
No
    	
 
    	
MWEP - 7 Skyline Drive Only
    	
 
    	
16-003
    
	
BH Security
    	
 
    	
Security Test and Inspection - Annual
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
September 22, 2017
    	
 
    	
No
    	
 
    	
CWEP - 100 Clearbrook Rd Only
    	
 
    	
17-036
    

 

160

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
Blondie’s Holiday House
    	
 
    	
Holiday Decorations
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
October 15, 2015
    	
 
    	
No
    	
 
    	
SWEP - 1 and 3 Executive Blvd Only
    	
 
    	
15-080
    
	
Blondie’s Holiday House
    	
 
    	
Holiday Decorations
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
December 14, 2015
    	
 
    	
Yes
    	
 
    	
CWEP - 100 Clearbrook Rd Only
    	
 
    	
15-101
    
	
Blondie’s Holiday House
    	
 
    	
Holiday Decorations
    	
 
    	
Skyline Realty Associates, L.L.C.
    	
 
    	
December 14, 2015
    	
 
    	
Yes
    	
 
    	
MWEP - 7 Skyline Drive Only
    	
 
    	
15-102
    
	
Blondie’s Holiday House
    	
 
    	
Interior Plant Maintenance
    	
 
    	
Skyline Realty Associates, L.L.C.
    	
 
    	
October 12, 2015
    	
 
    	
No
    	
 
    	
MWEP - 7 Skyline Drive Only
    	
 
    	
15-069
    
	
Blondie’s Treehouse
    	
 
    	
Interior Plant Maintenance
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
October 15, 2015
    	
 
    	
No
    	
 
    	
SWEP - 1 and 3 Executive Blvd Only
    	
 
    	
15-081
    
	
Blondies Treehouse, Inc.
    	
 
    	
Interior Plant Maintenance
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
September 15, 2016
    	
 
    	
No
    	
 
    	
CWEP - 100 Clearbrook Rd Only
    	
 
    	
16-108
    
	
County Waste Management
    	
 
    	
Rubbish & Recycling Removal Service
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
December 8, 2017
    	
 
    	
No
    	
 
    	
MWEP - All Buildings; SWEP - All Buildings;
    	
 
    	
17-041
    
	
Croker Fire Drill Corporation
    	
 
    	
Fire Drill Tests
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
August 27, 2015
    	
 
    	
No
    	
 
    	
SWEP - 1 and 3 Executive Blvd Only
    	
 
    	
15-048
    
	
Croker Fire Drill Corporation
    	
 
    	
Fire Drill Tests
    	
 
    	
3 Odell Realty L.L.C.
    	
 
    	
September 1, 2018
    	
 
    	
No
    	
 
    	
SWEP — 3 Odell Plaza Only
    	
 
    	
18-042
    
	
Daikin Applied
    	
 
    	
HVAC Maintenance and Inspection
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
December 19, 2016
    	
 
    	
No
    	
 
    	
SWEP - 1 Executive Blvd Only
    	
 
    	
16-150
    
	
Daikin Applied
    	
 
    	
HVAC Maintenance and Inspection
    	
 
    	
So. Westchester Realty Associates L.L.C.
    	
 
    	
December 19, 2016
    	
 
    	
No
    	
 
    	
SWEP - 3 Executive Blvd Only
    	
 
    	
16-151
    
	
Industrial Cooling Corp.
    	
 
    	
Building Automation System Inspection and   Maintenance
    	
 
    	
Mid-Westchester Realty Associates L.L.C. and Skyline   Realty L.L.C.
    	
 
    	
July 1, 2016
    	
 
    	
No
    	
 
    	
MWEP - 1, 2, and 7 Skyline Only
    	
 
    	
16-096
    
	
Interactive Touchscreen Solutions, Inc.
    	
 
    	
Navigo System Maintenance
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
December 15, 2017
    	
 
    	
No
    	
 
    	
SWEP - 1 Executive Blvd Only
    	
 
    	
17-042
    

 

161

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
Interstate Fire & Safety Equipment   Company, Inc.
    	
 
    	
Ventilation System Cleaning
    	
 
    	
Skyline Realty L.L.C.
    	
 
    	
June 21, 2016
    	
 
    	
No
    	
 
    	
MWEP - 7 Skyline Drive Only
    	
 
    	
16-082
    
	
Johnson Controls, Inc.
    	
 
    	
Building Management System
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
January 24, 2017
    	
 
    	
No
    	
 
    	
SWEP - 1 Executive Blvd Only
    	
 
    	
17-011
    
	
Matthew & Tony General   Landscaping, Inc.
    	
 
    	
Landscaping
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
January 19, 2018
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
18-003
    
	
Matthew & Tony General   Landscaping, Inc.
    	
 
    	
Landscaping Services [1]
    	
 
    	
Entities listed on Exhibit E
    	
 
    	
January 20, 2018
    	
 
    	
No
    	
 
    	
SWEP - All Buildings, Associations, and Land   Parcels
    	
 
    	
18-001
    
	
Matthew & Tony General   Landscaping, Inc.
    	
 
    	
Snow Removal
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
January 19, 2018
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
18-002
    
	
Matthew & Tony General   Landscaping, Inc.
    	
 
    	
Snow Removal
    	
 
    	
Entities Listed on Exhibit D
    	
 
    	
September 26, 2018
    	
 
    	
No
    	
 
    	
CWEP — All Buildings
    	
 
    	
18-232
    
	
Matthew & Tony General   Landscaping, Inc.
    	
 
    	
Snow Removal
    	
 
    	
Entities listed on Exhibit D
    	
 
    	
September 26, 2018
    	
 
    	
No
    	
 
    	
SWEP - All Properties and Land Parcels
    	
 
    	
18-235
    
	
Open Systems Metro NY Inc.
    	
 
    	
Burglar Alarm Maintenance and Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
June 1, 2018
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
18-025
    
	
Open Systems Metro NY Inc.
    	
 
    	
Fire Alarm Maintenance and Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
January 1, 2019
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
18-057
    
	
Open Systems Metro NY, Inc.
    	
 
    	
Fire Alarm Maintenance and Inspection
    	
 
    	
Mack-Cali So. West Realty Associates LLC
    	
 
    	
February 1, 2018
    	
 
    	
No
    	
 
    	
SWEP - 1 Executive Blvd Only
    	
 
    	
18-035
    
	
Open Systems Metro NY, Inc.
    	
 
    	
Fire Alarm Maintenance and Inspection
    	
 
    	
So. Westchester Realty Associates L.L.C.
    	
 
    	
February 1, 2018
    	
 
    	
Yes
    	
 
    	
SWEP - 3 Executive Blvd Only
    	
 
    	
18-036
    

 

162

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
Open Systems Metro NY, Inc.
    	
 
    	
Fire Alarm Maintenance and Inspection
    	
 
    	
3 Odell Realty LLC
    	
 
    	
February 1, 2018
    	
 
    	
No
    	
 
    	
SWEP - 3 Odell Plaza Only
    	
 
    	
18-034
    
	
Pride & Service Elevator
    	
 
    	
Elevator Maintenance
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
October 5, 2017
    	
 
    	
Yes
    	
 
    	
CWEP - 100 Clearbrook Rd Only; MWEP - 7 and 17   Skyline Drive Only
    	
 
    	
17-038
    
	
Pride & Service Elevator
    	
 
    	
Elevator Maintenance
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
May 1, 2012
    	
 
    	
Yes
    	
 
    	
SWEP — 1 Executive Blvd Only
    	
 
    	
12-052
    
	
Pride & Service Elevator
    	
 
    	
Elevator Maintenance
    	
 
    	
Entities Listed on Exhibit B
    	
 
    	
April 4, 2013
    	
 
    	
Yes
    	
 
    	
CWEP — 100 Clearbrook Road only. MWEP — 7 and 17   Skyline Only. SWEP — 1 and 3 Executive Blvd Only
    	
 
    	
13-048
    
	
Red Hawk Fire & Security, LLC
    	
 
    	
Fire Alarm Maintenance
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
September 20, 2018
    	
 
    	
No
    	
 
    	
CWEP - 77 and 101 Executive Blvd and 100   Clearbrook Rd Only; MWEP - 1, 2, and 7 Skyline Drive Only
    	
 
    	
18-048
    
	
S&S Fire Suppression Systems
    	
 
    	
Sprinkler System Inspections
    	
 
    	
Mack-Cali CW Realty Associates LLC
    	
 
    	
October 1, 2018
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
18-043
    
	
S&S Fire Suppression Systems
    	
 
    	
Sprinkler System Inspections
    	
 
    	
Entities Listed on Exhibit B
    	
 
    	
May 17, 2016
    	
 
    	
No
    	
 
    	
SWEP — All properties
    	
 
    	
16-066
    
	
SaniPro Disposal Services d/b/a Surburban Carting   Co.
    	
 
    	
Recycling and Rubbish Removal Services
    	
 
    	
Mack-Cali CW Realty Associates LLC
    	
 
    	
January 19, 2018
    	
 
    	
No
    	
 
    	
CWEP - 101 Executive Blvd Only
    	
 
    	
18-005
    
	
Scarsdale Security Systems, Inc.
    	
 
    	
Fire Alarm Monitoring and Testing
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
January 1, 2016
    	
 
    	
No
    	
 
    	
CWEP — 50 Executive Blvd and 100 Clearbrook Rd
    	
 
    	
18-013
    
	
Scarsdale Security Systems, Inc.
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 19, 2012
    	
 
    	
No
    	
 
    	
CWEP — 100 Clearbrook Rd
    	
 
    	
N/A
    
	
Schindler Elevator Corporation
    	
 
    	
Elevator Maintenance and Inspection
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
January 1, 2016
    	
 
    	
No
    	
 
    	
CWEP - 250 Clearbrook Rd Only
    	
 
    	
15-045
    

 

163

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
Suburban Carting Company
    	
 
    	
Rubbish Removal & Recycling
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
April 15, 2016
    	
 
    	
No
    	
 
    	
CWEP - All Buildings; SEP - All Buildings
    	
 
    	
16-022
    
	
ThermoTest North, Inc.
    	
 
    	
Infrared Scanning
    	
 
    	
So. Westchester Realty Associates L.L.C., Mack-Cali   So. West Realty Associates L.L.C., 3 Odell Realty L.L.C.
    	
 
    	
November 15, 2016
    	
 
    	
No
    	
 
    	
SWEP — All Buildings
    	
 
    	
16-097
    
	
Three D Industrial Maintenance Corp.
    	
 
    	
Catch Basin Cleaning & Street Sweeping   Services
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
November 22, 2016
    	
 
    	
Yes
    	
 
    	
MWEP - All Buildings and Associations
    	
 
    	
16-136
    
	
Three D Industrial Maintenance Corp.
    	
 
    	
Snow Removal
    	
 
    	
Entities listed on Exhibit D
    	
 
    	
September 26, 2018
    	
 
    	
No
    	
 
    	
MWEP - All Buildings and Associations, including land   parcel at 14-16 Skyline Drive
    	
 
    	
18-234
    
	
Three D Industrial Maintenance Corp.
    	
 
    	
Catch Basin Cleaning
    	
 
    	
So. Westchester Realty Associates L.L.C., Mack-Cali   So. West Realty Associates L.L.C., 3 Odell Realty L.L.C., South West   Maintenance Corp., 225 Realty LLC.
    	
 
    	
November 22, 2016
    	
 
    	
No
    	
 
    	
MWEP - All Buildings including Land Parcel
    	
 
    	
17-034
    
	
Tri-State Façade Services
    	
 
    	
Window and Façade Cleaning
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
January 19, 2018
    	
 
    	
No
    	
 
    	
SWEP - All Buildings
    	
 
    	
18-008
    
	
Tri-State Façade Services, Inc.
    	
 
    	
Window and Façade Cleaning
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
January 12, 2016
    	
 
    	
No
    	
 
    	
CWEP - 100 Clearbrook Rd Only; MWEP - 1, 2, 7,   11, 12, 15, and 10 Skyline Drive Only
    	
 
    	
16-002
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 2, 2015
    	
 
    	
No
    	
 
    	
CWEP - 1 Westchester Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 14, 2015
    	
 
    	
No
    	
 
    	
CWEP - 11 Clearbrook Rd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 14, 2015
    	
 
    	
No
    	
 
    	
CWEP - 150 Clearbrook Rd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 5, 2015
    	
 
    	
No
    	
 
    	
CWEP - 2 Westchester Plaza Only
    	
 
    	
N/A
    

 

164

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
CWEP - 250 Clearbrook Rd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 2, 2015
    	
 
    	
No
    	
 
    	
CWEP - 3 Westchester Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
CWEP - 300 Executive Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Cross Westchester Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
CWEP - 350 Executive Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 29, 2015
    	
 
    	
No
    	
 
    	
CWEP - 4 Westchester Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 14, 2015
    	
 
    	
No
    	
 
    	
CWEP - 400 Executive Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 2, 2015
    	
 
    	
No
    	
 
    	
CWEP - 5 Westchester Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 14, 2015
    	
 
    	
No
    	
 
    	
CWEP - 500 Executive Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Cross Westchester Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
CWEP - 525 Executive Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 2, 2015
    	
 
    	
No
    	
 
    	
CWEP - 6 Westchester Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 15, 2015
    	
 
    	
No
    	
 
    	
CWEP - 7 Westchester Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Cross Westchester Realty Associates L.L.C.
    	
 
    	
October 2, 2015
    	
 
    	
No
    	
 
    	
CWEP - 75 Clearbrook Rd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
CWEP - 77 Executive Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
October 2, 2015
    	
 
    	
No
    	
 
    	
CWEP - 8 Westchester Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mid-Westchester Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
MWEP - 1 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali Mid-West Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
MWEP - 10 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mid-Westchester Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
MWEP - 11 Skyline Dr Only
    	
 
    	
N/A
    

 

165

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
12 Skyline Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
MWEP - 12 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mid-Westchester Realty Associates L.L.C.
    	
 
    	
October 29, 2015
    	
 
    	
No
    	
 
    	
MWEP - 15 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali Mid-West Realty Associates L.L.C.
    	
 
    	
October 15, 2015
    	
 
    	
No
    	
 
    	
MWEP - 200 Saw Mill River Rd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mid-Westchester Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
MWEP - 4 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
5/6 Skyline Realty L.L.C.
    	
 
    	
October 15, 2015
    	
 
    	
No
    	
 
    	
MWEP - 5 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
5/6 Skyline Realty L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
MWEP - 6 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali Mid-West Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
MWEP - 8 Skyline Dr Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
SWEP - 1 Executive Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
So. Westchester Realty Associates L.L.C.
    	
 
    	
October 15, 2015
    	
 
    	
No
    	
 
    	
SWEP - 1 Odell Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
SWEP - 100 Corporate Blvd Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
So. Westchester Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
SWEP - 200 Corporate Blvd South Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
SWEP - 4 Executive Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
So. Westchester Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
SWEP - 5 Odell Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
So. Westchester Realty Associates L.L.C.
    	
 
    	
October 28, 2015
    	
 
    	
No
    	
 
    	
SWEP - 6 Executive Plaza Only
    	
 
    	
N/A
    
	
Tyco Integrated Security
    	
 
    	
Monitoring
    	
 
    	
So. Westchester Realty Associates L.L.C.
    	
 
    	
October 9, 2015
    	
 
    	
No
    	
 
    	
SWEP - 7 Odell Plaza Only
    	
 
    	
N/A
    
	
US Renewable, LLC
    	
 
    	
Recycling - Electronics, Ink, and Toner
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
June 16, 2014
    	
 
    	
No
    	
 
    	
All Buildings in Transaction
    	
 
    	
14-058
    

 

166

 

	
Contractor
    	
 
    	
Service
    	
 
    	
Owner
    	
 
    	
Agreement 
   Date
    	
 
    	
Month-to-
   Month
    	
 
    	
Applies to
    	
 
    	
Contract 
   #
    
	
US Security Associates, Inc.
    	
 
    	
Security Patrol Services
    	
 
    	
Entities listed on Exhibit B
    	
 
    	
October 7, 2016
    	
 
    	
Yes
    	
 
    	
All Buildings in Transaction including   Associations and Land
    	
 
    	
16-124
    
	
UtiliVisor
    	
 
    	
Electric Meter Readings
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
July 1, 2018
    	
 
    	
No
    	
 
    	
CWEP - 50 Executive Blvd Only
    	
 
    	
18-018
    
	
UtiliVisor Energy Oversight
    	
 
    	
Electric and Water Meter Readings
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
November 1, 2018
    	
 
    	
No
    	
 
    	
SWEP - 1 and 3 Executive Blvd, 5 Odell Plaza Only
    	
 
    	
18-050
    
	
Water Dynamics
    	
 
    	
Water Treatment (Montefiore)
    	
 
    	
Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
May 10, 2018
    	
 
    	
No
    	
 
    	
SWEP - 100 Corporate Blvd Only
    	
 
    	
18-021
    
	
Water Dynamics Inc.
    	
 
    	
Water Treatment Program
    	
 
    	
Mack-Cali CW Realty Associates L.L.C.
    	
 
    	
November 1, 2018
    	
 
    	
No
    	
 
    	
CWEP - 100 Clearbrook Rd Only
    	
 
    	
18-053
    
	
Water Dynamics, Inc.
    	
 
    	
Water Treatment Services
    	
 
    	
Mid-Westchester Realty Associates L.L.C. and Skyline   Realty LLC
    	
 
    	
May 10, 2010
    	
 
    	
Yes
    	
 
    	
MWEP - 1, 2, 7 and 17 Skyline Dr Only
    	
 
    	
18-022
    
	
Water Dynamics, Inc.
    	
 
    	
Water Treatment Services
    	
 
    	
So. Westchester Realty Associates L.L.C. and   Mack-Cali So. West Realty Associates L.L.C.
    	
 
    	
May 10, 2018
    	
 
    	
Yes
    	
 
    	
SWEP - 1 and 3 Executive Blvd Only
    	
 
    	
18-020
    

 

[1] Contract # 18-001 (Matthew and Tony General Landscaping, dated January 20, 2018) originally included Scavenger services.  Scavenger only was terminated in attached letter dated May 1, 2018.

 

Rooftop Antenna Management Agreement

 

Management and Transmitting Sites Agreement between Apex Site Management, L.P., Manager, and Mack-Cali Realty Corporation, Owner, dated July 6, 1998

 

· Letter Agreement re Amendment to Management Agreement, dated October 5, 1999.

· Letter Agreement re Amendment to Management Agreement, dated November 1, 1999.

· Letter Agreement re Amendment to Management Agreement, dated November 19, 1999.

· Letter Agreement re Amendment to Management Agreement, dated January 7, 2000.

· Letter Agreement re Amendment to Management Agreement, dated July 25, 2000.

· Amendment to Management of Transmitting Sites Agreement, dated February 11, 2003

·  Seventh Amendment to Management of Transmitting Sites Agreement, dated January 12, 2017

 

167

 

Note:  This should go on every service contract exhibit, regardless of whether there is rooftop activity

 

Leased Equipment

 

None

 

Roof Warranties

 

7 Westchester Plaza

20 Year System Warranty from Sika Sarnafil, dated August 4, 2014.

 

8 Westchester Plaza

20 Year System Warranty from Sika Sarnafil, dated September 7, 2016.

 

200 Clearbrook Road

20 Year System Warranty from Sika Sarnafil, dated June 20, 2014.

 

11 Skyline Drive

20 Year System Warranty from Sika Sarnafil, dated November 15, 2012.

 

15 Skyline Drive

20 Year System Warranty from Sika Sarnafil, dated August 12, 2015.

 

17 Skyline Drive

20 Year System Warranty from Sika Sarnafil, dated November 15, 2012.

 

10 Skyline Drive

Seaman Corporation Commercial Roofing Warranty, dated October 23, 2010.

 

4 Executive Drive

20 Year System Warranty from Sika Sarnafil, dated June 29, 2015.

 

100 Corporate Blvd

20 Year System Warranty from Sika Sarnafil, dated September 10, 2012.

 

168

 

200 Corporate Blvd

20 Year System Warranty from Sika Sarnafil, dated October 17, 2017.

 

240 White Plains Road

GAF Diamond Pledge Roof Guarantee dated October 9, 2006.

 

169

 

EXHIBIT G

 

Lease Schedule

 

1 WESTCHESTER PLAZA

 

British Apparel Collection, LTD

 

Standard Form of Loft Lease between RM CW Realty Associates, Owner, and British Apparel Collection, LTD., Tenant dated July 22, 1997.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and British Apparel Collection, LTD., Tenant dated March 31, 2003.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and The British Apparel Collection, LTD., Tenant dated August 24, 2007.

·                  Sublease between The British Apparel Collection, LTD.,  Sublandlord, and JIN International Business, Inc., d/b/a “As Seen On TV”, Subtenant, dated April 16, 2009.

·                  Consent to Sublet between Mack-Cali CW Realty Associates L.L.C., Owner, The British Apparel Collection, LTD., Tenant, and JIN International Business, Inc., Subtenant, dated April 27, 2009.

·                  Sublease between The British Apparel Collection, LTD., Sublandlord, and JIN International Business, Inc., d/b/a “As Seen On TV”, Subtenant, dated December 21, 2012.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C, Owner, and The British Apparel Collection, LTD., Tenant dated April 6, 2018.

·                  First Amendment between The British Apparel Collection LTD, Sub-Landlord, and JIN International Business Inc., d/b/a “As Seen On TV”, Sub-Tenant, dated April 6, 2018.

·                  First Amendment to Consent to Sublet between Mack-Cali CW Realty Associates L.L.C., Owner, The British Apparel Collection, LTD., Tenant, and JIN International Business, Inc.,  Subtenant, dated May 3, 2018.

 

Carrier Enterprise Northeast, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Carrier Enterprise Northeast, LLC, Tenant dated November 30, 2012.

 

·                  Commencement Date Agreement between Mack-Cali Realty Corporation L.L.C., Owner, and Carrier Enterprise Northeast, LLC, Tenant dated April 3, 2013.

·                  First Amendment between Mack-Cali Realty Corporation L.L.C., Owner, and Carrier Enterprise Northeast, LLC, Tenant dated June 24, 2015.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Carrier Enterprise Northeast, LLC, Tenant dated November 27, 2018.

 

R.S. Knapp Company, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Landlord, and R.S. Knapp Company, Inc. Tenant, dated February 26, 1987.

 

·                  C&E Letter between Robert Martin Company, Landlord, and R.S. Knapp Company, Inc., Tenant dated April 10, 1987.

·                  First Lease Amendment between Robert Martin Company, Landlord, and R.S. Knapp Company, Inc., Tenant, dated March 11, 1992.

·                  Second Lease Amendment between Robert Martin Company, Landlord, and R.S. Knapp Company, Inc., Tenant, dated March 3, 1995.

·                  Third Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and R.S. Knapp Company, Inc., Tenant, dated November 1, 1999.

·                  Fourth Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and R.S. Knapp Company, Inc., Tenant, dated September 24, 2004.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and R.S. Knapp Company, Inc., Tenant, dated June 21, 2010.

 

170

 

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and R.S. Knapp Company, Inc., Tenant, dated June 18, 2015.

 

University Pathology, P.C.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates, L.L.C., Owner, and University Pathology, P.C., Tenant dated August 13, 2010.

 

·                  First Amendment to Lease between Mack-Cali CW Realty Associates, L.L.C., Owner and University Pathology, P.C. d/b/a Alliance Laboratories of Westchester, Tenant, dated August 2, 2016.

 

Verizon New York, Inc.

 

Telecommunication Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Verizon New York Inc. dated April 1, 2008.

 

100 CLEARBROOK ROAD

 

Bioscrip Nursing Services LLC -fka- MIM Corporation

 

Standard Form of Office Lease between RM CW Realty Associates, Owner, and MIM Corporation, Tenant, dated June 30, 1998.

 

·                  C&E Letter between RM CW Realty Associates, Landlord, and MIM Corporation, Tenant, dated September 21, 1998.

·                  Consent to Sublet between Mack-Cali CW Realty Associates L.L.C., Owner, MIM Corporation, Tenant, and New York ADIMA, L.L.C., Subtenant, dated January 22, 2002.

·                  Sublease between New York ADIMA, L.L.C., Tenant, MIM Corporation, Landlord, and RM CW Realty Associates, Prime Landlord, dated January 22, 2002.

·                  Change of Name Certificate from “MIM Corporation” to “Bioscrip, Inc.” dated March 9, 2005.

·                  First Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and Bioscrip, Inc., Tenant, dated March 30, 2007.

·                  Landlord’s Subordination between Mack-Cali CW Realty Associates, L.L.C., Landlord, Bioscrip, Inc., Borrower, and Jefferies Finance LLC, Secured Party dated May 13, 2010.

·                  Second Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner and Bioscrip, Inc., formerly known as MIM Corporation, Tenant dated September 30, 2010.

·                  Landlord Waiver Agreement Letter between Mack-Cali CW Realty Associates L.L.C., Landlord, BioScrip, Inc., Tenant, and Healthcare Finance Group, LLC, Collateral Agent dated December 28, 2010.

·                  Third Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and Bioscrip Inc., (formerly known as MIM Corporation) Tenant dated June 1, 2011.

·                  Landlord Subordination between Bioscrip, Inc., Borrower, Mack-Cali CW Realty Associates L.L.C., Landlord, and Suntrust Bank, Secured Party, dated November 20, 2013.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, Bioscrip, Inc., formerly known as MIM Corporation, Assignor, and Bioscrip Nursing Services, LLC, Tenant dated October 19, 2015.

·                  Landlord Waiver Notice between Mack-Cali CW Realty Associates L.L.C., Landlord and SunTrust Bank, Agent dated June 29, 2017.

·                  Fifth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Bioscrip Nursing Services, LLC, Tenant dated April 1, 2018.

 

Black Marjieh & Sanford LLP fka Black Marjieh Leff & Sanford LLP fka Marjieh Law LLP

 

Short Form Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Marjieh Law LLP, Tenant dated May 11, 2017.

 

·                  Good Guy Guaranty of Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Marjieh Law LLP, Tenant, dated May 10, 2017.

 

171

 

·                  Black Marjieh Leff & Sanford LLP Partnership Resolution Changing Name of Partnership dated June 16, 2017.

·                  License Agreement between Mack-Cali CW Realty Associates L.L.C., Landlord and Marjieh Law LLP, Tenant, dated May 4, 2018.

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Landlord and Marjieh Law LLP, Tenant, dated January 23, 2018.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Black Marjieh Leff & Sanford LLP, Tenant dated April 30, 2018.

·                  Black Marjieh & Sanford LLP Notice of Name Change and Withdrawal of Partner dated July 23, 2018.

 

Cablevision Lightpath Inc., fka CSC Holdings (TA)

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and CSC Holdings, Inc., Provider, dated July 20, 2001.

 

·                  Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and CSC Holdings, Inc. and Cablevision Lightpath, Inc., collectively referred to as Provider, dated October 15, 2002.

·                  Renewal Notice Email, dated August 31, 2006.

·                  Second Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

Cellular Sciences, Inc.

 

Temporary Lease between Mack-Cali CW Realty Associates, L.L.C., Landlord, and Cellular Sciences, Inc., Tenant, dated October 20, 2010.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Cellular Sciences, Inc., Tenant, dated February 27, 2012.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Cellular Sciences Inc., Tenant, dated February 26, 2015.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord and Cellular Sciences Inc., Tenant, dated January 15, 2016.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord and Cellular Sciences Inc., Tenant, dated June 12, 2017.

·                  Fifth Amendment/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Landlord, and Cellular Sciences, Inc., Tenant, dated July 1, 2017.

 

Clearbrook Café LLC

 

License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Clearbrook Café LLC, Licensee, dated June 15, 2016.

 

CooperFriedman Electric Supply Co., Inc.

 

Short Form Lease between Mack-Cali CW Realty Associates L.L.C, Landlord, and CooperFriedman Electric Supply Co., Inc., Tenant dated December 17, 2018.

 

National Alliance on Mental Illness of Westchester Inc.

 

Temporary Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and National Alliance on Mental Illness of Westchester, Inc., Tenant, dated July 30, 2010.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner and National Alliance on Mental Illness of Westchester, Inc., Tenant dated, October 18, 2010.

·                  First Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner and National Alliance on Mental Illness of Westchester, Inc., Tenant dated June 13, 2011.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and National Alliance on Mental Illness of Westchester, Inc., Tenant, dated July 17, 2013.

 

172

 

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and National Alliance on Mental Illness of Westchester, Inc., Tenant dated October 14, 2016.

·                  Fourth Amendment/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and National Alliance on Mental Illness of Westchester, Inc., Tenant, dated January 31, 2017.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and National Alliance on Mental Illness of Westchester, Inc., Tenant, dated July 17, 2017.

 

New Cingular Wireless PCS fka Cellular Telephone Company

 

Standard Form of Office Lease between Robert Martin Company, Owner and Cellular Telephone Company, Tenant, dated December 3, 1992.

 

·                  License Agreement between Mack-Cali CW Realty Associates, L.L.C., Licensor and Cellular Telephone Company d/b/a AT&T Wireless, Licensee, dated June 30, 2003.

·                  Renewal Letter between Mack-Cali CW Realty Assoc LLC, Lessor, and Cellular Telephone Company dba AT&T Wireless d/b/a Cingular Wireless, Lessee, dated December 31, 2007.

·                  Letter from Mack-Cali CW Realty Associates, L.L.C., Licensor regarding New Cellular Wireless PCS, LLC, successor to Cellular Telephone Company, Licensee, dated August 31, 2011.

·                  Renewal Letter between New Cingular Wireless PCS, LLC d/b/a AT&T Mobility successor to Cellular Telephone, Lessee, and Mack-Cali CW Realty Assoc LLC, Lessor dated October 1, 2012.

·                  First Amendment to License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor and New Cingular Wireless PCS, LLC, Licensee dated March 15, 2017.

·                  Renewal Letter between New Cingular Wireless PCS, LLC and Mack-Cali CW Realty Assoc L.L.C. dated July 3, 2018.

 

Oakley Construction, LLC

 

Temporary Office Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Oakley Construction LLC, Tenant dated December 1, 2014.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Landlord and Oakley Construction LLC, Tenant, dated December 5, 2014.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Oakley Construction LLC, Tenant, dated January 5, 2016.

·                  Third Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Oakley Construction LLC, Tenant, dated January 5, 2017.

 

Omnipoint Facilities Network 2

 

License Agreement between Mack-Cali CW Realty Associates, L.L.C., Licensor and Omnipoint Facilities Network 2, LLC, Licensee, dated March 22, 2004.

 

·                  Renewal Notice Letter regarding Mack-Cali CW Realty Associates, L.L.C., and Omnipoint Communications, Inc., dated January 23, 2009.

·                  Email of Correct Rent Commencement Date between Mack-Cali CW Realty Associates, L.L.C., Licensor and Omnipoint Communications, Inc., Licensee dated February 3, 2009.

·                  Renewal Notice Letter between Mack-Cali CW Realty Associates, L.L.C., and T-Mobile Northeast LLC, successor interest to Omnipoint Facilities Network 2, LLC, dated December 11, 2013.

 

Pyrotek, Inc.

 

Standard Form of Office Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Pyrotek, Inc., Tenant, dated September 25, 2001.

 

·                  Standard Form of License Agreement between Mack-Cali CW Realty Associates, L.L.C., Licensor and Pyrotek, Inc., Licensee, dated November 28, 2001.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner/Landlord and Pyrotek, Inc., Tenant dated December 20, 2001.

 

173

 

·                  Letter regarding Option for Additional Space between Mack-Cali CW Realty Associates L.L.C., Owner and Pyrotek Inc., Tenant dated August 1, 2006.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Pyrotek Incorporated, Tenant dated February 19, 2008.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor and Pyrotek Incorporated, formerly incorrectly referred to as Pyrotek, Inc., Licensee, dated February 19, 2008.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Pyrotek Incorporated, Tenant dated November 20, 2012.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor and Pyrotek Incorporated, Licensee dated November 20, 2012.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Pyrotek Incorporated, Tenant, dated October 23, 2018.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor and Pyrotek Incorporated, Licensee, dated October 29, 2018.

 

Robert Martin Company

 

Standard Form of License Agreement between Robert Martin Company, Licensor, and Robert Martin Company, Licensee, dated June 15, 1994

 

·                  License Agreement between Cali CW Realty Associates LP, Licensor, and Robert Martin Company, LLC, Licensee, dated January 31, 1997.

·                  Renewal Notice Letter between CW Realty Associates LP, Licensor, and RMC Development Company, LLC, (f/k/a Robert Martin Company LLC) Licensee, dated March 16, 1998.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and RMC Development Company, LLC, Licensee, dated March 29, 1999.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Robert Martin Company, Licensee, dated December 30, 2005.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Robert Martin Company, LLC, Licensee, dated September 29, 2008.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C, Licensor and Robert Martin Company, LLC, Licensee, dated October 31, 2009.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Robert Martin Company, LLC, Licensee, dated September 13, 2011.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Robert Martin Company, LLC, Licensee, dated September 18, 2012.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C, Licensor, and Robert Martin Company, LLC, Licensee, dated March 15, 2018.

 

Trustco Bank, N.A.

 

Standard Form of Office Lease between Mack-Cali CW Realty Associates L.L.C, Owner, and Trustco Bank, N.A., Tenant, dated January 18, 2002.

 

·                  C&E Letter between Mack-Cali CW Realty Associates LLC, Owner/Landlord, and Trustco Bank, N.A., Tenant, dated March 11, 2002.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Trustco Bank, Tenant, dated September 18, 2015.

 

Teleport Communications New York

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Teleport Communications New York, Provider, dated February 6, 2012.

 

·                  Renewal Notice Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and TC Systems, Inc. and its affiliate Teleport Communications America, LLC, as a successor in interest to Teleport Communications New York Tenant, Provider, dated October, 28, 2016.

 

174

 

Verizon New York, Inc.

 

Telecommunication Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

Warshauer Mellusi Warshauer Architects, P.C.

 

Short Form Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Warshauer Mellusi Warshauer Architects P.C., Tenant, dated December 30, 2013.

 

101 EXECUTIVE BOULEVARD

 

Metropolitan Transportation Authority

 

Lease between Mack-Cali CW Realty Associates L.L.C., Landlord and Metropolitan Transportation Authority, Tenant, dated November 9, 2017.

 

·                  Condominium Formation Notice between Mack-Cali CW Realty Associates L.L.C., Landlord and Metropolitan Transportation Authority, Tenant dated January 10, 2018.

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Landlord and Metropolitan Transportation Authority, Tenant dated August 21, 2018

·                  Memorandum of Lease between Mack-Cali Realty Associates L.L.C., Landlord and Metropolitan Transportation Authority, Tenant dated November 30, 2018

 

11 CLEARBROOK ROAD

 

Central West Rare Coins, Inc.

 

Guaranty of Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Central West Rare Coins, Inc., Tenant, and Brian Bauman, Guarantor, dated May 4, 2013.

 

·                  Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Central West Rare Coins, Inc., Tenant, dated May 8, 2013.

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Central West Rare Coins, Inc., Tenant, dated June 30, 2014.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C, Owner, and Central West Rare Coins, Inc., Tenant, dated July 29, 2014.

 

Eco-Prima, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Eco-Prima, Inc., Tenant, dated June 22, 2009.

 

·                  C&E Letter between Mack-Cali CW Realty Associates, L.L.C., Owner, Eco-Prima, Inc., Tenant, dated August 27, 2009.

·                  First Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, Eco-Prima, Inc., Tenant, dated October 16, 2014.

·                  Second Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, Eco-Prima, Inc., Tenant, dated March 24, 2015.

·                  Third Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, Eco-Prima, Inc., Tenant, dated May 21, 2015.

·                  Fourth Amendment/Commencement Date Agreement between Mack-Cali CW Realty Associates, L.L.C., Owner, and Eco-Prima, Inc., Tenant, dated August 20, 2015.

 

M&R Manufacturing, Inc. dba Jam Printing

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and M&R Manufacturing, Inc. d/b/a Jam Printing, Tenant dated May 30, 2002.

 

175

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and M&R Manufacturing, Inc. d/b/a Jam Printing, Tenant, dated July 31, 2002.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and M&R Manufacturing, Inc. d/b/a Jam Printing, Tenant, dated December 22, 2005.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and M&R Manufacturing, Inc. d/b/a Jam Printing, Tenant, dated June 19, 2007.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and M&R Manufacturing, Inc. (d/b/a JAM Printing), Tenant, dated August 19, 2011.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and M&R Manufacturing, Inc., (d/b/a Jam Printing) Tenant, dated June 25, 2015.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and M&R Manufacturing, Inc., (d/b/a Jam Printing) Tenant dated July 18, 2016.

 

The Play Place, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and The Play Place LLC, Tenant, dated January 16, 2012.

 

·                  Good Guy Guaranty of Lease between The Play Place LLC, Tenant, Mack-Cali CW Realty Associates L.L.C., Owner, and Shawn Dyer, Luis Cabrera and Marjan Kaljaj, collectively the Guarantor, dated January 13, 2012.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner/Landlord and The Play Place, LLC, Tenant, dated May 29, 2012.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and The Play Place, LLC, Tenant, dated June 6, 2014.

 

Verizon New York, Inc.

 

Telecommunication Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York, Inc., dated April 1, 2008.

 

125 CLEARBROOK ROAD

 

ADT, LLC -fka- ADT Security Services, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and ADT Security Services, Inc., Tenant dated November 20, 2000.

 

·                  Guaranty of Lease between Tyco International (US), Inc., Guarantor, ADT Security Services, Inc., Tenant, and Mack-Cali CW Realty Associates L.L.C., Landlord, dated January 25, 2001.

·                  C&E Letter between Mack-Cali Realty Corporation, Owner/Landlord and ADT Security Systems, Inc., Tenant, dated April 10, 2002.

·                  First Amendment to Lease between Cross Westchester Realty Associates, L.L.C., Owner and ADT Security Services, Inc., Tenant dated February 3, 2012.

·                  Notice of Name Change and Sublease Email between Cross Westchester Realty Associates, Landlord, ADT Security Services, Inc., Tenant, Tyco Integrated Security LLC, Sublandlord, and ADT LLC, Subtenant dated August 17, 2012.

·                  Second Amendment to Lease between Cross Westchester Realty Associates L.L.C., Owner and Tyco Integrated Security LLC, successor to ADT Security Services, Inc., Tenant, dated June 28, 2013.

·                  Third Amendment to Lease between Cross Westchester Realty Associates L.L.C., Owner, and ADT LLC, successor-in-interest to Tyco Integrated Security LLC (formerly known as ADT Security Services, Inc.) dba ADT Security Services, Tenant. dated September 9, 2013.

·                  Fourth Amendment to Lease between Cross Westchester Realty Associates L.L.C., Owner, and ADT LLC, successor-in-interest to Tyco Integrated Security LLC (formerly known as ADT Security Services, Inc.) dba ADT Security Services, Tenant, dated January 29, 2019.

 

176

 

AHG of New York, Inc.

 

Standard Form of Loft Lease between Cross Westchester Realty Associates L.L.C., Owner and AHG of New York, Inc., Tenant, dated August 16, 2016.

 

·                  First Amendment to Lease between Cross Westchester Realty Associates L.L.C., Owner, and AHG of New York, Inc., Tenant dated February 1, 2017.

 

Honeywell International Inc.-fka- Ademco Distributions, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Ademco Distribution, Inc., Tenant dated, October 20, 2000.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner and Ademco Distribution, Inc., Tenant dated April 17, 2002.

·                  Merger Letter between Clearbrook Realty Associates, LLC, Owner, and Ademco Distribution, Inc. dated March 18, 2003.

·                  First Amendment between Cross Westchester Realty Associates L.L.C, (previously incorrectly stated as Mack-Cali CW Realty Associates L.L.C.), Owner, and Honeywell International Inc. (successor-in-interest to Ademco Distribution, Inc.), Tenant, dated September 22, 2011.

·                  Notice Modification Letter between Cross Westchester Realty Associates L.L.C. c/o Mack-Cali Realty Corporation, Owner and Honeywell International Inc. d/b/a ADI, Tenant, dated December 3, 2012.

·                  Lease between Cross Westchester Realty Associates L.L.C., Landlord, and Honeywell International, Inc., Tenant, dated March 4, 2013.

·                  First Amendment between Cross Westchester Realty Associates L.L.C., Landlord, and Honeywell International, Inc., Tenant, dated February 28, 2018.

·                  Assignment and Assumption of Leases between Honeywell International Inc., Assignor, and Ademco Inc., Assignee, dated October 15, 2018.

 

Verizon New York, Inc.

 

Telecommunication Facilities License Agreement between Clearbrook Road Associates L.L.C., Owner, and Verizon New York Inc., dated April 1, 2008.

 

150 CLEARBROOK ROAD

 

Cablevision Lightpath Inc., fka CSC Holdings (TA)

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and CSC Holdings, Inc., Provider, dated July 20, 2001.

 

·                  Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, CSC Holdings, Inc., and Cablevision Lightpath, Inc., collectively referred to as Provider, dated October 25, 2002.

·                  Renewal Notice Letter between Mack-Cali CW Realty Associates L.L.C., c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated August 31, 2006.

·                  Renewal Email between Mack-Cali CW Realty Associates L.L.C., c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated August 18, 2011.

·                  Second Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

 

Custom Pins, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Custom Pins, Inc., Tenant, dated June 15, 2015.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Custom Pins, Inc., Tenant, dated August 31, 2015.

 

177

 

Digiscribe International, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Digiscribe International LLC, Tenant, dated June 30, 2003.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Digiscribe International LLC, Tenant dated, April 24, 2007.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Digiscribe International, LLC, Tenant dated June 30, 2011.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner and Digiscribe International, LLC, Tenant dated November 21, 2011.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Digiscribe International, LLC, Tenant dated August 23, 2018.

 

Fitness by Lifestyle, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Fitness by Lifestyle, LLC, Tenant, dated February 27, 2015.

 

·                  Assignment and Assumption of Lease between Fitness by Lifestyle, LLC, Assignor, Fitness by Lifestyle TWG, LLC, Assignee, and Mack-Cali CW Realty Associates L.L.C., Owner, dated February 5, 2018.

·                  Arears Payment Plan Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Fitness By Lifestyle, LLC, Tenant, dated February 6, 2018.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Fitness by Lifestyle TWG, LLC, Tenant dated February 6, 2018.

·                  Guaranty of Lease between Trevor Spearman, Adrian Rodriguez, Christopher T. Mattoni, collectively the Guarantor, Fitness by Lifestyle TWG, LLC, Tenant, Fitness by Lifestyle, LLC, Tenant, and Mack-Cali CW Realty Associates L.L.C., Owner dated February 6, 2018.

·                  Escrow Agreement between Mack-Cali CW Realty Associates, L.L.C., Owner, Fitness by Lifestyle, LLC, Tenant,  Michael Margolies and Shawn Dyer, sometimes collectively referred to as Guarantors, and Matthew J. Keating, Esq., Escrow Agent, dated February 8, 2018.

 

Hypres, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Hypres, Inc., Tenant, dated June 13, 2017.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Hypres, Inc., Tenant dated July 30, 2018.

 

Jacs Amusement, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Jacs Amusement, LLC, Tenant, dated June 14, 2012.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Jacs Amusement, LLC, Tenant dated August 1, 2013.

 

Positive Impressions, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Positive Impressions, Inc., Tenant, dated May 15, 2002.

 

·                  Guaranty of Lease between Mack-Cali CW Realty Associates L.L.C., Owner, Positive Impressions, Inc., Tenant, and James Doyle, Guarantor dated May 24, 2002.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Positive Impressions, Inc., Tenant, dated January 29, 2007.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Positive Impressions, Inc., Tenant dated April 5, 2010.

·                  Amended & Restated Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Positive Impressions, Inc., Tenant, dated June 18, 2010.

 

178

 

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Positive Impressions, Inc., Tenant, dated June 27, 2014.

 

RX Vitamins, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and RX Vitamins, Inc., Tenant, dated January 6, 2006.

 

·                  C&E Letter between Mack-Cali CW Realty Associates, L.L.C., Owner/Landlord and RX Vitamins, Inc., Tenant, dated May 12, 2006.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and RX Vitamins, Inc., Tenant, dated May 4, 2011.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and RX Vitamins, Inc., Tenant, dated February 8, 2013.

·                  Third Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and RX Vitamins, Inc., Tenant, dated March 4, 2013.

·                  Fourth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and RX Vitamins, Inc., Tenant, dated September 9, 2015.

·                  Fifth Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and RX Vitamins, Inc., Tenant, dated December 30, 2015.

·                  License Agreement between Northeast Graphic Machinery, LLC, Licensor, and Kime Distributing Incorporated, Licensee, dated February 11, 2013.

·                  Sublease Agreement between RX Vitamins, Inc., Sublessor, North East Graphic Machinery LLC, Sublessee, and Mack-Cali CW Realty Associates L.L.C., Landlord, dated March 1, 2013.

·                  Consent to Sublet between Mack-Cali CW Realty Associates L.L.C., Owner, RX Vitamins, Inc., Tenant, and Northeast Graphic Machinery, LLC, Subtenant, dated March 5, 2013.

 

Sign Works, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Sign Works, Inc., Tenant, dated March 14, 2005.

 

·                  C&E Letter between Mack-Cali WP Realty Associates, L.L.C., Owner and Sign Works, Inc., Tenant, dated July 11, 2005.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and The Sign Works Incorporated, Tenant, dated November 23, 2009.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and The Sign Works Incorporated, Tenant dated September 27, 2013.

 

United States Postal Service

 

U.S. Postal Service Facilities Department Lease between Robert Martin Company, Owner, and United States Postal Service, Tenant dated July 23, 1991.

 

·                  Tax Rider between Robert Martin Company, Owner, and U.S. Postal Service, Tenant, dated July 23, 1991.

·                  Standard Form of Rider to Standard Form of Loft Lease between Robert Martin Company, Landlord, and U.S. Postal Service, Tenant, dated October 7, 1991.

·                  Lease Amendment/Lease Extension between United States Postal Service, Tenant and Robert Martin Company, Owner, dated March 8, 1995.

·                  Memorandum of Lease between Mack-Cali Realty Corporation, Lessor, and United States Postal Service, Lessee, dated September 27, 2000.

·                  Lease between Mack-Cali CW Realty Associates LLC, Owner and United States Postal Service, Tenant, dated September 28, 2000.

·                  Lease and Rider between Mack-Cali CW Realty Associates LLC., Landlord, and United States Postal Service, Tenant, dated September 28, 2009.

 

179

 

·                  Lease and Rider between Mack-Cali CW Realty Associates LLC, Landlord, and United States Postal Service, Tenant, dated February 23, 2015.

 

Verizon New York, Inc.

 

Telecommunication Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc., dated April 1, 2008.

 

Wright Brothers Kitty Hawk Express Systems, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Kitty Hawk Express Systems, Inc., Tenant, dated March 16, 2001.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services f/k/a Wright Brothers Kitty Hawk Express Systems, Inc., Tenant, dated February 9, 2004.

·                  Temporary Rental between Mack-Cali CW Realty Corporation, Owner, and Wright Brothers Services f/k/a Wright Brothers Kitty Hawk Express Systems, Inc., Tenant, dated March 9, 2004.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services f/k/a Wright Brothers Kitty Hawk Express Systems, Inc., Tenant, dated April 13, 2004.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services f/k/a Wright Brothers Kitty Hawk Express Systems, Inc., Tenant dated August 13, 2004.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services f/k/a Wright Brothers Kitty Hawk Express Systems, Inc., Tenant dated May 2, 2005.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services f/k/a Wright Brothers Kitty Hawk Express Systems, Inc., Tenant dated May 2, 2005.

·                  Surrender of Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services f/k/a Wright Brothers Kitty Hawk Express Systems, Inc., Tenant, dated June 5, 2006.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services, Inc. (f/k/a Wright Brothers Kitty Hawk Express Systems, Inc.), Tenant, dated June 25, 2007.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services Inc. (f/k/a Wright Brothers Kitty Hawk Express Systems, Inc.), Tenant, dated December 8, 2008.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services Inc. (f/k/a Wright Brothers Kitty Hawk Express Systems, Inc.), Tenant, dated June 27, 2011.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services Inc. (formerly known as Wright Brothers Kitty Hawk Express Systems, Inc.), Tenant, dated September 4, 2013.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services Inc. (formerly known as Wright Brothers Kitty Hawk Express Systems, Inc.), Tenant, dated September 12, 2014.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wright Brothers Services Inc. (formerly known as Wright Brothers Kitty Hawk Express Systems, Inc.), Tenant, dated March 12, 2018.

 

175 CLEARBROOK ROAD

 

All Air Incorporated

 

Standard Form of Loft Lease between Robert Martin Company, Owner and All Air Incorporated, Tenant, dated May 11, 1992.

 

·                  C&E Letter between Robert Martin Company, Owner and All Air, Inc., Tenant, dated June 18, 1992.

·                  First Amendment between RM CW Realty Associates, Owner and All Air Incorporated, Tenant, dated May 12, 1997.

·                  Second Amendment between RM CW Realty Associates, Owner and All Air Incorporated, Tenant, dated July 8, 1998.

 

180

 

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and All Air Incorporated, Tenant, dated May 24, 2001.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and All Air Incorporated, Tenant, dated January 20, 2006.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and All Air Incorporated, Tenant, dated March 23, 2011.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and All Air Incorporated, Tenant, dated May 9, 2013.

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and All Air Incorporated, Tenant, dated September 17, 2013.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and All Air Incorporated, Tenant, dated October 7, 2013.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and All Air Incorporated, Tenant, dated September 29, 2018.

 

Another Step, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Another Step, Inc., Tenant, dated January 18, 2006.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Another Step, Inc., Tenant, dated March 31, 2009.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner/Landlord and Another Step, Inc., Tenant, dated June 16, 2009.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Another Step, Inc., Tenant, dated November 15, 2013.

 

Cablevision Lightpath Inc., fka CSC Holdings (TA)

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and CSC Holdings, Inc., Provider dated July 18, 2001.

 

·                  Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, CSC Holdings, Inc., and Cablevision Lightpath, Inc., collectively referred to as Provider dated October 15, 2002.

·                  Renewal Notice Letter between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated August 31, 2006.

·                  Renewal Email between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated August 18, 2011.

·                  Second Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

Crystal Spoon Corp., The

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and The Crystal Spoon Corp., Tenant dated April 29, 2008.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and The Crystal Spoon Corp., Tenant dated April 28, 2009.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and The Crystal Spoon Corp., Tenant dated March 31, 2010.

·                  United Sates Bankruptcy Court Southern District of New York In re The Crystal Spoon Corp., Chapter 11, Case No: 16-22238-rdd; Order Approving Extension of the Debtor’s Lease Pursuant to 11 U.S.C.§ 363(b) filed August 1, 2018.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and The Crystal Spoon Corp., Tenant dated June 4, 2018.

 

181

 

Ferguson Enterprises fka Wallwork Brothers Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Wallwork Brothers Inc. d/b/a Wallwork Group, Tenant dated March 31, 2004.

 

·                  Commencement Date Letter from Mack Cali CW Realty Associates, L.L.C. to Wallwork Brothers, Inc., d/b/a Wallwork Group dated June 11, 2004.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wallwork Brothers Inc., Tenant dated November 12, 2008.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wallwork Brothers Inc., Tenant dated November 7, 2010.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wallwork Bros., Inc., Tenant dated April 28, 2014.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wallwork Bros., Inc., Tenant dated August 29, 2017.

·                  Consent to Assignment and Assumption of Lease between Mack-Cali CW Realty Associates L.L.C., Owner, Wallwork Bros., Inc., Tenant, and Ferguson Enterprises, Inc., Assignee, dated December 7, 2018.

·                  Assignment and Assumption of Lease and Estoppel Agreement by and among Wallwork Bros., Inc., Assignor, and Ferguson Enterprises, Inc., Assignee, dated December 10, 2018.

 

Hudson Valley Datanet, LLC

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Hudson Valley DataNet LLC., Provider dated June 7, 2012.

 

·                  Renewal Email between Mack-Cali CW Realty Associates LLC, Owner, and Hudson Valley DataNet LLC., Provider dated June 15, 2017.

 

Hypres, Inc.

 

Temporary Rental Agreement between Robert Martin Company, Landlord, and Hypres, Inc., Tenant, dated August 29, 1983.

 

·                  Standard Form of Loft Lease between Robert Martin Company, Landlord and Hypres, Inc., Tenant, dated September 26, 1983.

·                  Lease Amendment between Robert Martin Company, Landlord and Hypres, Inc., Tenant, dated February 10, 1986.

·                  C&E Letter between Robert Martin Company, Landlord and Hypres, Inc., Tenant, dated December 30, 1986.

·                  Lease Amendment between Robert Martin Company, Landlord and Hypres, Inc., Tenant, dated April 23, 1987.

·                  Lease Amendment between Robert Martin Company, Landlord and Hypres, Inc., Tenant, dated January 14, 1991.

·                  Lease Amendment between Robert Martin Company, Landlord and Hypres, Inc., Tenant, dated April 8, 1992.

·                  Lease Amendment between RM CW Realty Associates, Landlord and Hypres, Inc., Tenant, dated May 27, 1997.

·                  C&E Letter between RM CW Realty Associates, Landlord and Hypres, Inc., Tenant dated, September 25, 1997.

·                  Lease Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord and Hypres, Inc., Tenant, dated December 6, 2002.

·                  Additional Space Letter between Mack-Cali CW Realty Associates L.L.C., Landlord and Hypres, Inc., Tenant, dated March 26, 2003.

·                  Option to Extend Letter between Mack-Cali CW Realty Associates L.L.C., Landlord and Hypres, Inc., Tenant, dated June 27, 2003.

 

182

 

·                  Lease Amendment between Mack-Cali CW Realty Associates, L.L.C., Landlord and Hypress, Inc., Tenant, dated July 31, 2003.

·                  Lease Amendment #10 between Mack-Cali CW Realty Associates L.L.C., Landlord and Hypres, Inc., Tenant, dated September 30, 2006.

·                  Lease Amendment #11 between Mack-Cali CW Realty Associates L.L.C., Landlord and Hypres, Inc., Tenant, dated June 27, 2008.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner/Landlord and Hypres, Inc., Tenant, dated January 19, 2009.

·                  Lease Amendment #12 between Mack-Cali CW Realty Associates L.L.C., Landlord and Hypres Inc., Tenant, dated December 29, 2011.

·                  Lease Amendment # 13 between Mack-Cali CW Realty Associates L.L.C., Landlord and Hypres, Inc., Tenant, dated January 26, 2015.

·                  Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Hypres, Inc., Tenant, dated June 13, 2017.

 

ITG Electronics, Inc., successor-in-interest to The Inter-Technical Group, Inc.

 

Standard Form of Loft Lease between Robert Martin Company., Owner, The Inter-Technical Group, Inc., Tenant dated December 8, 1994.

 

·                  C&E Letter between Robert Martin Company, Owner and The Inter-Technical Group, Inc., Tenant dated March 1, 1995.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and The Inter-Technical Group, Inc., Tenant dated March 9, 1999.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C, Owner, and The Inter-Technical Group, Inc., Tenant, dated September 27, 2002.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and The Inter-Technical Group, Inc., Tenant, dated September 29, 2004.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and The Inter-Technical Group, Inc., Tenant, dated September 20, 2006.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and The Inter-Technical Group, Inc., Tenant dated, September 20, 2007.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Inter-Technical Group, Inc., Tenant, dated June 30, 2009.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Inter-Technical Group, Inc., Tenant, dated January 26, 2011.

·                  Eighth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and The Inter-Technical Group, Inc., Tenant, dated June 6, 2013.

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and The Inter-Technical Group, Inc., Tenant, dated September 14, 2013.

·                  Ninth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and The Inter-Technical Group, Inc., Assignor, and ITG Electronics, Inc., successor-in-interest to The Inter-Technical Group, Inc., Tenant, dated September 17, 2018.

 

Matthews International Corporation

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Matthews International Corporation, Tenant, dated September 29, 2014.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Matthews International Corporation, Tenant, dated August 24, 2015.

 

Mrs. Bloom’s Flower Shoppe, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Mrs. Bloom’s Flower Shoppe, Inc., Tenant, dated August 26, 2003.

 

183

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Mrs. Bloom’s Flower Shoppe, Inc., Tenant, dated October 26, 2004.

·                  Sublease Agreement between Mrs. Bloom’s Direct, Inc., Sublessor, and Children@Play, Inc., Sublessee dated May 15, 2005.

·                  Consent to Sublet between Mack-Cali CW Realty Associates LLC, Owner, Mrs. Bloom’s Direct, Inc., Tenant, to Children@Play, Inc., Subtenant, dated June 1, 2005.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Mrs. Bloom’s Direct, Inc., predecessor in-interest to Mrs. Bloom’s Flower Shoppe, Inc., Tenant, dated June 15, 2005.

·                  Assignment of Lease between Mrs. Bloom’s Flower Shoppe, Inc., Assignor, Mrs. Bloom’s Direct, Inc., Assignee, and Mack-Cali CW Realty Associates L.L.C., Owner, dated June 15, 2005.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Mrs. Bloom’s Direct, Inc., Tenant, dated September 18, 2009.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Mrs. Bloom’s Direct, Inc., Tenant, dated June 30, 2016.

 

Parametrik, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Parametrik, LLC, Tenant, dated September 1, 2018.

 

Peapod, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Peapod, LLC, Tenant, dated September 25, 2014.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Peapod, LLC, Tenant dated June 11, 2015.

 

Rekers (NA), Inc.

 

Standard Form of Loft Lease between RM CW Realty Associates, Owner and Rekers (NA), Inc., Tenant, dated June 30, 1998.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Rekers (NA), Inc., Tenant, dated August 23, 2000.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Rekers (NA), Inc., Tenant, dated June 2, 2004.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Rekers (NA), Inc., Tenant, dated November 2, 2009.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Rekers (NA), Inc., Tenant, dated September 20, 2010.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Rekers (NA), Inc., Tenant, dated September 28, 2012.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Rekers (NA), Inc., Tenant, dated November 19, 2014.

 

Sapphire Leasing Corp.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Sapphire Leasing Corp., Tenant, dated August 25, 2006.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Sapphire Leasing Corp., Tenant, dated November 30, 2006.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Sapphire Leasing Corp., Tenant, dated February 18, 2011.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Sapphire Leasing Corp., Tenant, dated August 26, 2014.

 

184

 

·                  Option to Renew Notice Letter between Mack-Cali CW Realty Associates L.L.C., Owner and Sapphire Leasing Corp., Tenant, dated March 6, 2017.

 

Verizon New York Inc.

 

Telecommunication Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc., dated April 1, 2008.

 

2 WESTCHESTER PLAZA

 

Johnson Controls Security Solutions LLC, fka Tyco Integrated Security, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Tyco Integrated Security, LLC, Tenant, dated September 4, 2013.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Tyco Security LLC, Tenant, dated June 23, 2014.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Johnson Controls Security Solutions LLC, formerly known as, Tyco Integrated Security LLC, Tenant, dated August 15, 2018.

 

Orkin, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Orkin, Inc., Tenant, dated November 9, 2006.

 

·                  C&E Letter between Mack-Cali CW Realty Associates, L.L.C., Owner and Orkin, Inc., Tenant, dated January 19, 2007.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Orkin, Inc., Tenant, dated January 23, 2007.

·                  Name Change Certificate from “Orkin, INC” to “Orkin, LLC” dated December 11, 2009.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Orkin, LLC, formerly known as Orkin, INC., Tenant, dated April 9, 2014.

 

Strategem Security, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Strategem Security, Inc., Tenant, dated December 27, 2005.

 

·                  C&E Letter between Mack-Cali CW Realty Associates, L.L.C., Owner/Landlord and Strategem Security, Inc., Tenant dated May 12, 2006.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Strategem Security Inc., Tenant, dated January 7, 2011.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Strategem Security Inc., Tenant, dated March 3, 2016.

 

Verizon New York Inc.

 

Telecommunication Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

Westchester Community Opportunity Program, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Westchester Community Opportunity Program, Inc., Tenant dated June 27, 2013.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Westchester Community Opportunity Program, Inc., Tenant dated January 7, 2014.

 

185

 

200 CLEARBROOK ROAD

 

AirTemp Conditioning Service, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and AirTemp Conditioning Service, Inc., Tenant, dated November 21, 2014.

 

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and AirTemp Conditioning Service, Inc., Tenant, dated December 21, 2017.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and AirTemp Conditioning Service, Inc., Tenant, dated June 29, 2018.

·                  Third Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and AirTemp Conditioning Service, Inc., Tenant, dated November 16, 2018.

 

Cablevision Lightpath Inc., fka CSC Holdings (TA)

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and CSC Holdings, Inc., Provider, dated July 20, 2001.

 

·                  Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, CSC Holdings, Inc. and Cablevision Lightpath, Inc., collectively referred to as Provider, dated October 15, 2002.

·                  Renewal Notice Letter between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated August 31, 2006.

·                  Renewal Email between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated August 18, 2011.

·                  Second Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

 

Churchill Linen Services, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Churchill Linen Services, Inc., Tenant, dated October 18, 2016.

 

·                  First Amendment to Lease/ Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Churchill Linen Services, Inc., Tenant dated December 1, 2016.

 

Crystal Blue Cleaning Service, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Crystal Blue Cleaning Service, Inc., Tenant, dated March 23, 2017.

 

The Food Bank for Westchester, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and The Food Bank for Westchester, Inc., Tenant dated June 30, 2011.

 

·                  Letter between Mack-Cali CW Realty Associates L.L.C., Owner and The Food Bank for Westchester, Inc., Tenant dated July 1, 2011.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner and The Food Bank for Westchester, Inc., Tenant dated October 27, 2011.

·                  Form W-9 Request for Taxpayer Identification Number and Certification for The Food Bank for Westchester, Inc. DBA Feeding Westchester dated April 6, 2018.

·                  N.Y.S. Department of State Division of Corporations Filing Receipt for Assumed Name Certificate for The Food Bank for Westchester, Inc., Assumed Name, Feeding Westchester.

 

Gingernine LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Gingernine LLC, Tenant, dated October 16, 2018.

 

·                  Guaranty of Lease between Gingernine LLC, Tenant, Mack-Cali CW Realty Associates L.L.C., Owner and Jonard Industries Corporation, Guarantor, dated October 12, 2018.

 

186

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Gingernine LLC, Tenant, dated February 1, 2019.

 

Hawthorne Foundation, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Hawthorne Foundation Inc., Tenant, dated June 7, 2016.

 

Lifetouch National School Studios -fka- Herff Jones, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Herff Jones, Inc., Tenant, dated July 20, 2010.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C, Owner, Herff Jones, Inc., Tenant dated August 30, 2010.

·                  Assignment of Real Estate Lease and Consent to Assignment between Herff Jones, Inc., Assignor, Lifetouch National School Studios Inc., Assignee, and Mack-Cali CW Realty Associates, L.L.C., Lessor, dated April 26, 2011.

·                  Sublease Agreement between Lifetouch National School Studios Inc., Sublandlord, RD Weis, Subtenant, and Mack-Cali Realty Associates, LLC, Landlord dated February 20, 2014.

·                  Consent to Sublet between Mack-Cali Realty Associates, Landlord, Lifetouch National School Studios Inc., Tenant, and RD Weis, Subtenant dated February 20, 2014.

 

Proftech Corp.

 

Standard Form of Loft Lease between Robert Martin Company, Owner and Proftech Corp., Tenant, dated January 5, 1994.

 

·                  C&E Letter between Robert Martin Company, Owner, and Proftech, Inc, Tenant dated March 28, 1994.

·                  First Amendment between RM CW Realty Associates, Owner, and Proftech Corp., Tenant, dated August 31, 1998.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Proftech Corp., Tenant, dated May 17, 2004.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Proftech Corp., Tenant, dated December 30, 2008.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Proftech LLC (successor-in-interest to Proftech Corporation), Tenant, dated March 13, 2013.

·                  Assignment of Lease between Proftech Corporation, Assignor, Proftech LLC, Assignee, and Mack-Cali CW Realty Associates L.L.C, successor-in-interest to Robert Martin Company, Owner, dated March 13, 2013.

·                  Consent to Assignment of Lease between Mack-Cali CW Realty Associates L.L.C., Owner, Proftech Corporation, Tenant, and Proftech LLC, Assignee, dated March 13, 2013.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Proftech LLC, Tenant, dated August 13, 2015.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Proftech LLC, Tenant, dated February 7, 2019.

 

Verizon New York Inc.

 

Telecommunication Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

Wright Brothers Services, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Wright Brothers Services Inc., Tenant, dated December 8, 2008.

 

·                  C&E Letter between Mack-Cali CW Realty Associates, L.L.C., Owner and Wright Brothers Services, Inc., Tenant, dated March 20, 2009.

 

187

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wright Brothers Services Inc., Tenant, dated June 27, 2011.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wright Brothers Services Inc., Tenant, dated September 4, 2013.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wright Brothers Services Inc., Tenant, dated September 12, 2014.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Wright Brothers Services Inc., Tenant, dated March 12, 2018.

 

240 WHITE PLAINS ROAD

 

Nikko Steakhouse & Lounge, Inc.

 

Lease between Talleyrand Realty Associates L.L.C., Owner and Nikko Steakhouse & Lounge, Inc., Tenant, dated January 21, 2015.

 

·                  First Amendment to Lease/Commencement Date Agreement between Talleyrand Realty Associates L.L.C., Owner, and Nikko Steakhouse & Lounge, Inc., Tenant, dated July 10, 2015.

·                  Second Amendment to Lease between Talleyrand Realty Associates L.L.C., Owner, and Nikko Steakhouse & Lounge, Inc., Tenant dated January 11, 2016.

·                  Third Amendment to Lease Amended and Restated Commencement Date Agreement between Talleyrand Realty Associates L.L.C., Owner, and Nikko Steakhouse & Lounge, Inc., Tenant, dated February 24, 2016.

 

250 CLEARBROOK ROAD

 

Achuck Family Partnership - fka- M&F Associates

 

·                  Agreement between Robert Martin Company, Purchaser, and Transkrit Corporation, Seller dated October 19, 1976.

·                  Indenture of Lease between Robert Martin Company, Landlord, and Transkrit Corporation, Tenant dated December 17, 1976.

·                  Assignment and Assumption Agreement between Transkrit Corporation, Assignor, and M&F Associates, Assignee, dated May 31, 1985.

·                  Assignment and Assumption Agreement between Greene Family Partnership, Assignor, and Achuck Family Partnership, Assignee, dated June 26, 1997.

·                  Notice of Assignment Letter by Steven C. Greene, Attorney and Counsellor at Law, regarding Robert Martin Company, Landlord, and Transkrit Corporation (as assigned by Transkrit Corporation to M&F Associates, then to Greene Family Partnership and Achuck Family Partnership, as Tenants in Common), and then assigned to Achuck Family Partnership, dated June 27, 1997.

 

The Artina Group, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner and The Artina Group, Inc., Tenant, dated September 1, 1993.

 

·                  First Amendment between RM CW Realty Associates, Owner and The Artina Group, Inc., Tenant, dated August 12, 1998.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and The Artina Group, Inc., Tenant, dated September 30, 2003.

·                  Third Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and The Artina Group, Inc., Tenant, dated February 15, 2005.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner and The Artina Group, Inc., Tenant, dated June 24, 2005.

·                  Fourth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and The Artina Group, Inc., Tenant, dated August 15, 2012.

 

188

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and The Artina Group, Inc., Tenant dated May 23, 2014.

 

Berger Appliance, Inc.

 

Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Berger Appliances, Inc., Tenant, dated January 31, 2017.

 

·                  Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Berger Appliances, Inc., Tenant, dated April 7, 2017.

 

C & I Collectables, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, C & I Collectables, Inc., Tenant, dated July 23, 2007.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and C & I Collectables, Inc., Tenant dated November 29, 2007.

·                  Landlord Subordination Agreement between Mack-Cali CW Realty Associates L.L.C., Landlord, C & I Collectables Inc., Lessee, and Geneva Capital, LLC, Equipment Owner, dated September 22, 2010.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and C & I Collectables Inc., Tenant, dated May 18, 2015.

·                  Second Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and C & I Collectables Inc., Tenant dated November 9, 2015.

 

Eco-Rental Solutions, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Eco-Rental Solutions, LLC, Tenant, dated August 1, 2014.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Eco-Rental Solutions, LLC, Tenant, dated October 9, 2014.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Eco-Rental Solutions, LLC, Tenant, dated March 8, 2018.

 

Electronic Service Solutions, Inc. Westchester

 

Standard Form of Loft Lease between Robert Martin Company, LLC, Owner, and Electronic Service Solutions, Inc. Westchester, Tenant, dated January 31, 1997.

 

·                  Guaranty of Lease between Electronic Service Solutions, Inc., Westchester, Tenant, Robert Martin Company, LLC, Owner, and Electronic Service Solutions, Inc. New York, Guarantor dated January of 1997.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Electronic Service Solutions, Inc. Westchester, Tenant dated December 7, 1999.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Electronic Service Solutions, Inc. Westchester, Tenant dated June 18, 2001.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Electronic Service Solutions, Inc. Westchester, Tenant dated April 29, 2004.

·                  Satellite Dish Agreement between Mack-Cali CW Realty Associates, L.L.C., Licensor, and Electronic Service Solution Inc. Westchester, Licensee dated May 7, 2004.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Electronic Services Solutions, Inc. Westchester, Tenant dated September 18, 2008.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Electronic Services Solutions, Inc., Westchester, Tenant dated June 27, 2013.

·                  Sixth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Electronic Service Solutions, Inc., Westchester, Tenant dated May 18, 2015.

 

189

 

·                  Seventh Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates, L.L.C, Owner, and Electronic Service Solutions, Inc., Westchester, Tenant dated January 8, 2016.

 

Fabrication Enterprises, Inc,

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant, dated September 12, 2002.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated April 30, 2006.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc. and Best Priced Products, Inc., collectively referred to as Tenant, dated May 11, 2009.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated January 13, 2010.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated February 16, 2012.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated March 29, 2013.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated November 13, 2013.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated December 3, 2014.

·                  Seventh Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated June 3, 2015.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated August 6, 2015.

 

General Phosphorix LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant dated October 14, 2009.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant dated February 22, 2011.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant dated June 30, 2011.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant dated July 28, 2011.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant dated October 26, 2011.

·                  Fifth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant dated September 12, 2012.

·                  Agreement to Sublease between Mack-Cali CW Realty Associates L.L.C., Owner, General Phosphorix, LLC, Sublessor, and FSJ Imports, LLC, Subtenant, dated October 25, 2012.

·                  Consent to Sublet between Mack-Cali CW Realty Associates L.L.C., Owner,  General Phosphorix LLC, Tenant, and FSJ Imports, LLC, Subtenant, dated December 2012.

·                  Sixth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant, dated March 28, 2013.

·                  Seventh Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and General Phosphorix LLC, Tenant, dated January 3, 2017.

 

Jacobs Pills, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Jacobs Pills, Inc., Tenant, dated December 31, 2015.

 

190

 

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Jacobs Pills, Inc., Tenant dated February 25, 2016.

 

Metro Filter Sales, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Metro Filter Sales, Inc., Tenant, dated April 28, 2017.

 

·                  First Amendment/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Metro Filter Sales, Inc., Tenant, dated June 21, 2017.

 

Verizon New York, Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York, Inc. dated April 1, 2008.

 

3 WESTCHESTER PLAZA

 

Cablevision Lightpath Inc. fka CSC Holdings, Inc.

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and CSC Holdings, Inc., Provider dated August 23, 2001.

 

·                  Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, CSC Holdings, Inc. and Cablevision Lightpath, Inc., collectively referred to as Provider, dated October 15, 2002.

·                  Second Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

·                  Renewal Notice Email between Mack-Cali CW Realty Associates L.L.C., Owner, and Cablevision Lightpath, Inc., Provider, dated March 6, 2007.

·                  Renewal Email between Mack-Cali Realty Corporation, Owner, and Cablevision Lightpath, Inc., Provider, dated November 15, 2011.

 

Connoisseur Encounters Company, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Connoisseur Encounters Company, Inc., Tenant, dated June 22, 2016.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Connoisseur Encounters Company, Inc., Tenant, dated November 17, 2016.

 

Fabrication Enterprises, Inc.

 

Temporary Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Fabrication Enterprises, Inc., Tenant, dated August 6, 2015.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated March 17, 2016.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fabrication Enterprises, Inc., Tenant dated June 26, 2018.

 

Limelight2, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Limelight, Inc., Tenant dated February 9, 2016.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Limelight, Inc., Tenant dated March 4, 2016.

·                  Assignment of Lease between Limelight, Inc., Assignor, Limelight2, LLC, Assignee, and Mack-Cali CW Realty Associates L.L.C., Owner dated May 23, 2017.

 

191

 

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Limelight2, LLC, Tenant, dated May 24, 2017.

·                  Consent to Assignment of Lease between Mack-Cali CW Realty Associates L.L.C., Owner, Limelight, Inc., Tenant, and Limelight2, LLC, Assignee dated May 30, 2017.

 

Securitas Electronic Security, Inc.-fka- Diebold Enterprise Security Systems, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates, L.L.C., Owner and Diebold Enterprise Security Systems, Inc., Tenant dated February 23, 2009.

 

·                  C&E Letter between Mack-Cali CW Realty Associates, L.L.C., Owner and Diebold Enterprise Security Systems, Inc., Tenant dated March 23, 2009.

·                  Additional Space Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Diebold Enterprise Security Systems, Inc., Tenant dated July 8, 2010.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Diebold Enterprise Security Systems, Inc., Tenant dated June 24, 2011.

·                  Option to Renew Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Diebold Enterprise Security Systems, Inc., Tenant dated August 20, 2015.

·                  Assignment of Lease and Assumption Agreement between Diebold Enterprise Security Systems, Inc., Assignor and Securitas Electronic Security, Inc., Assignee, dated February 1, 2016.

·                  Consent of Owner by Mack-Cali CW Realty Associates L.L.C., dated February 1, 2016.

·                  Change of Name Certificate from Diebold Enterprise Security Systems, Inc. to Securitas Electronic Security, Inc. dated February 5, 2016.

·                  Guaranty of Lease between Diebold Enterprise Security Systems, Inc., Assignor, Securitas Electronic Security, Inc., Assignee, and Mack-Cali CW Realty Associates L.L.C., Owner effective February 1, 2016.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Securitas Electronic Security, Inc., Tenant dated March 11, 2016.

·                  Notice Address Change Letter between Securitas Security Services USA, Inc., Tenant, and Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty Corporation, Owner, dated January 10, 2017.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

Vivint Solar Developer, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Vivint Solar Developer, LLC, Tenant dated August 26, 2015.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Vivint Solar Developer, LLC, Tenant dated November 20, 2015.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates, L.L.C., Owner and Vivint Solar Developer, LLC, Tenant dated April 6, 2016.

 

Westchester County Electric, Inc.

 

Temporary Rental between Robert Martin Company, Owner, and Westchester County Electric, Inc., Tenant dated June 20, 1996.

 

·                  First Amendment between RM CW Realty Associates, Owner, and Westchester County Electric, Inc., Tenant, dated June 30, 1997.

·                  Second Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated April 22, 1999.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated March 22, 2000.

 

192

 

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated September 26, 2001.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated September 29, 2004.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated September 27, 2007.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated September 30, 2010.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated September 30, 2013.

·                  Ninth Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and Westchester County Electric, Inc., Tenant, dated December 8, 2016.

 

Westchester Swim Studios, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Westchester Swim Studios, Inc., Tenant dated February 1, 2016.

 

·                  Landlord’s Subordination between Westchester Swim Studios, Inc., Borrower, Stearns Bank, National Association, Secured Party, and Mack-Cali CW Realty Associates L.L.C., Owner dated March 22, 2016.

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester Swim Studios, Inc., Tenant dated August 18, 2016.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Westchester Swim Studios, Inc., Tenant dated January 6, 2017.

 

300 EXECUTIVE BOULEVARD

 

Flooring Liquidators, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Flooring Liquidators, Inc., Tenant dated May 6, 2010.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner and Flooring Liquidators, Inc., Tenant dated October 18, 2010.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Flooring Liquidators Inc., Tenant dated August 22, 2014.

·                  Commencement Date Agreement/ Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Flooring Liquidators Inc., Tenant dated October 17, 2014.

 

Game on 13 Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Game on 13 Inc., Tenant dated August 18, 2014.

 

Publishers Circulation Fulfillment, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Publishers Circulation Fulfillment, Inc., Tenant dated June 24, 2002.

 

·                  C&E Letter between Mack-Cali CW Realty Associates LLC, Owner and Publishers Circulation Fulfillment, Inc., Tenant dated May 14, 2003.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Publishers Circulation Fulfillment, Inc., Tenant dated May 1, 2007.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner and Publishers Circulation Fulfillment, Inc., Tenant dated June 21, 2007.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Publishers Circulation Fulfillment, Inc., Tenant dated February 25, 2013.

 

193

 

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Publishers Circulation Fulfillment, Inc., Tenant dated September 29, 2015.

·                  Consent to Sublet between Mack-Cali CW Realty Associates L.L.C., Landlord, Publishers Circulation Fulfillment, Inc., Tenant, and SKJ Distributors, Inc., Subtenant dated October 17, 2016.

·                  Sublease Agreement between Mack-Cali CW Realty Associates L.L.C., Landlord, Publishers Circulation Fulfillment, Inc., Sublandlord, and SKJ Distributors, Inc., Subtenant dated October 17, 2016.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Publishers Circulation Fulfillment, Inc., Tenant dated August 9, 2018.

 

USCO, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C, Owner and USCO, Inc., Tenant dated July 20, 2018.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and USCO, Inc., Tenant dated September 4, 2018.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

350 EXECUTIVE BOULEVARD

 

Bray Sales, Inc.

 

Standard Form of Loft Lease between Cross Westchester Realty Associates L.L.C., Owner, and Bray Sales, Inc. (d/b/a J.T. Lynne Representatives), Tenant dated May 16, 2012.

 

·                  First Amendment between Cross Westchester Realty Associates L.L.C., Owner and Bray Sales Inc., d/b/a J.T. Lynne Representatives, Tenant dated August 25, 2017.

 

Morry’s Camp, Inc. (d/b/a Project Morry)

 

Standard Form of Loft Lease between Cross Westchester Realty Associates L.L.C., Owner, and Morry’s Camp, Inc. (d/b/a Project Morry), Tenant dated January 3, 2012.

 

·                  Commencement Date Agreement between Cross Westchester Realty Associates L.L.C., Owner, and Morry’s Camp, Inc. (d/b/a Project Morry), Tenant dated October 1, 2012.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Cross Westchester Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

399 EXECUTIVE BOULEVARD

 

Town Sports International, LLC

 

Letter between Town of Greenburgh Department of Buildings and Mack-Cali Realty Corp., Owner dated March 17, 2008.

 

·                  Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Town Sports International, LLC, Tenant dated March 31, 2008.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, Town Sports International LLC, Tenant dated January 14, 2009.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Town Sports International, LLC, Tenant dated November 9, 2009.

·                  Renewal Letter between Mack-Cali CW Realty Associates L.L.C., Landlord, and Town Sports International, LLC, Tenant dated February 23, 2017.

 

194

 

·                  Option to Renew Letter between Mack-Cali CW Realty Associates L.L.C., Owner and Town Sports International, LLC, Tenant dated March 3, 2017.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

4 WESTCHESTER PLAZA

 

Cablevision Lightpath Inc.

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Cablevision Lightpath, Inc., Provider dated October 4, 2013.

 

·                  Renewal Letter between Mack-Cali CW Realty Associates L.L.C. c/o Mack-Cali Realty, L.P., Licensor, and Cablevision Lightpath, Inc., Tenant dated August 27, 2018.

 

Eastern Analytical Services, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Eastern Analytical Services, Inc., Tenant dated August 18, 1988.

 

·                  C&E Letter between Robert Martin Company, Owner, and Eastern Analytical Services, Inc., Tenant dated September 2, 1988.

·                  First Amendment between Robert Martin Company, Owner and Eastern Analytical Services, Inc., Tenant dated May 22, 1993.

·                  Second Amendment between RM CW Realty Associates, Owner, and Eastern Analytical Services, Inc., Tenant dated February 17, 1998.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Eastern Analytical Services, Inc., Tenant dated December 31, 2002.

·                  Fourth Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and Eastern Analytical Services, Inc., Tenant dated September 28, 2007.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Eastern Analytical Services, Inc., Tenant dated May 3, 2013.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Eastern Analytical Services, Inc., Tenant dated December 10, 2018.

 

Infovalue Computing, Inc.

 

Temporary Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Infovalue Computing, Inc., Tenant dated May 2, 2001.

 

·                  Satellite Dish Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor and Infovalue Computing, Inc., Licensee dated May 16, 2001.

·                  Standard Form of Loft Lease between Mack-Cali CW Realty Associates, L.L.C., Owner and Infovalue Computing, Inc., Tenant dated March 29, 2002.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Infovalue Computing, Inc., Tenant dated March 7, 2006.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Infovalue Computing, Inc., Tenant dated February 19, 2009.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Infovalue Computing, Inc., Tenant dated April 22, 2010.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Infovalue Computing, Inc., Tenant dated June 28, 2012.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Infovalue Computing, Inc., Tenant dated July 21, 2017.

 

195

 

Novamed, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Novamed, LLC., Tenant dated June 8, 2007.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Novamed, LLC, Tenant dated February 1, 2008.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Novamed, LLC, Tenant dated September 30, 2010.

·                  Amended and Restated Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Novamed, LLC, Tenant dated October 7, 2010.

·                  Letter between Novamed, LLC, Tenant and Mack-Cali CW Realty Associates L.L.C., Owner dated December 28, 2010.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Novamed, LLC, Tenant dated January 31, 2011.

·                  Third Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Novamed-USA, Inc., Tenant dated June 8, 2017.

 

Retrieval-Masters Creditors Bureau, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Retrieval-Masters Creditors Bureau, Inc., Tenant dated May 6, 2010.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Retrieval Masters Creditors Bureau, Inc., Tenant dated July 14, 2010.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Retrieval-Masters Creditors Bureau, Inc., Tenant dated December 23, 2014.

·                  Second Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Retrieval-Masters Creditors Bureau, Inc., Tenant dated May 11, 2015.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

400 EXECUTIVE BOULEVARD

 

A&G Printing, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and A&G Printing, LLC, Tenant dated February 11, 2013.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and A&G Printing, LLC, Tenant dated March 12, 2013.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and A&G Printing LLC, Tenant dated May 19, 2016.

 

Anixter Inc. -fka- Tri-Northern Holdings, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Tri-Northern Holdings, Inc., Tenant dated March 3, 2011.

 

·                  First Amendment to and Assignment of Lease between Mack-Cali CW Realty Associates L.L.C., Owner, Tri-Northern Holdings, Inc., Tenant/Assignor, and Anixter Inc., Tenant/ Assignee dated June 30, 2017.

 

Apria Healthcare, Inc.

 

Standard Form of License Agreement between Robert Martin Company, Licensor, and Homedco, Inc., Licensee dated June 7, 1990.

 

196

 

·                  First Amendment between Robert Martin Company, Licensor, and Homedco, Inc., Licensee dated June 1, 1995.

·                  Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Apria Healthcare, Inc., Tenant dated March 29, 2001.

·                  Second Amendment between Elmsford Realty Associates L.L.C., Licensor, and Apria Healthcare, Inc., Licensee dated March 29, 2001.

·                  Third Amendment between Elmsford Realty Associates L.L.C. Licensor, and Apria Healthcare, Inc., Licensee dated September 30, 2002.

·                  Fourth Amendment between Amendment between Elmsford Realty Associates L.L.C., Licensor, and Apria Healthcare, Inc., Licensee dated September 30, 2008.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Apria Healthcare, Inc., Tenant dated September 30, 2008.

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Apria Healthcare, Inc., Tenant dated January 28, 2009.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Apria Healthcare, Inc., Tenant dated February 12, 2009.

·                  Additional Space Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Apria Healthcare, Inc., Tenant, dated February 23, 2009.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Cablevision Lightpath, Inc., Provider dated April 22, 2015.

 

Capriquarious Enterprises, Inc. d/b/a Take Away Café

 

License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc. d/b/a Take Away Café, Licensee dated August 23, 2004.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner/Landlord, and Capriquarious Enterprises, Inc. d/b/a Take Away Café, Tenant dated March 15, 2005.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc. d/b/a Take Away Café, Licensee dated August 18, 2008.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc. d/b/a Take Away Café, Licensee dated April 26, 2011.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee dated January 31, 2014.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee dated December 20, 2017.

 

Data Clean Corporation

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Data Clean Corporation, Tenant dated August 22, 2016.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Data Clean Corporation, Tenant dated May 4, 2017.

 

Limelight2 LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Limelight2 LLC, Tenant dated November 30, 2017.

 

T & A Electric, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associate L.L.C., Owner, and T & A Electric, Inc., Tenant dated August 13, 2004.

 

197

 

·                  C&E Letter between Mack Cali CW Realty Associates L.L.C., Owner, and T & A Electric, Inc., Tenant dated September 17, 2004.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and T & A Electric Inc., Tenant dated November 12, 2008.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and T & A Electric, Inc., Tenant dated July 16, 2014.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and T & A Electric, Inc., Tenant dated August 30, 2017.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

5 WESTCHESTER PLAZA

 

Apple Maintenance & Services, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Apple Maintenance & Services, Inc., Tenant dated February 18, 2010.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Apple Maintenance & Services, Inc., Tenant dated March 2, 2010.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Apple Maintenance & Services, Inc., Tenant dated July 18, 2014.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Apple Maintenance & Services, Inc., Tenant dated January 25, 2018.

·                  Third Amendment between Mack-Cali Realty Associates L.L.C., Owner, and Apple Maintenance & Services, Inc., Tenant dated March 21, 2018.

 

Dolphin Construction Corp.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Dolphin Construction Corp., Tenant dated August 28, 2009.

 

·                  License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Dolphin Construction Corp., Licensee dated March 16, 2012.

·                  First Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and Dolphin Construction Corp., Tenant dated December 10, 2014.

 

The Promptcare Companies, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and The Promptcare Companies, Inc., Tenant dated September 27, 2011.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and The Promptcare Companies, Inc., Tenant dated June 30, 2014.

·                  Second Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and The Promptcare Companies, Inc., Tenant dated March 31, 2017.

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and The Promptcare Companies, Inc., Tenant dated December 1, 2017.

 

Singer Holding Corporation

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Singer Holding Corporation, Inc., Tenant dated May 12, 1999.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Singer Holding Corporation, Inc., Tenant dated November 18, 2002.

 

198

 

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Singer Holding Corporation, Tenant dated March 31, 2008.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Singer Holding Corporation, Tenant dated November 24, 2008.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Singer Holding Corporation, Tenant dated January 24, 2011.

·                  Fifth Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Singer Holding Corporation, Tenant dated February 4, 2015.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

Willemin-Macodel, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Willemin-Macodel Inc., Tenant dated February 26, 2018.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Willemin-Macodel, Inc., Tenant dated May 21, 2018.

 

50 EXECUTIVE BOULEVARD

 

Agent Support Services North, Inc.

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Agent Support Services North, Inc., Licensee dated March 12, 2004.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Agent Support Services North, Inc., Licensee dated November 22, 2006.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Agent Support Services North, Inc., Licensee dated August 15, 2008.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Agent Support Services North, Inc., Licensee dated June 3, 2011.

 

Capriquarious Enterprises, Inc.

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated January 4, 2006.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated August 1, 2006.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated July 5, 2007.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated September 16, 2008.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated September 15, 2009.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated November 3, 2010.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated December 12, 2011.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated January 17, 2013.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc., Licensee dated January 31, 2014.

 

199

 

·                  Ninth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee dated March 27, 2015.

·                  Tenth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee dated August 3, 2016.

·                  Eleventh Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee dated March 17, 2017.

·                  Twelfth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee dated December 20, 2017.

 

Dolphin Construction Corp.

 

License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Dolphin Construction Corp., Licensee dated March 16, 2012.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Dolphin Construction Corp., Licensee dated December 22, 2014.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Dolphin Construction Corp., Licensee dated February 20, 2015.

 

Eastern Jungle Gym, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Eastern Jungle Gym, Inc., Tenant dated February 12, 2013.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Eastern Jungle Gym, Inc., Tenant dated June 27, 2013.

·                  Right of First Offer Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Eastern Jungle Gym, Inc., Tenant dated May 5, 2016.

 

Emma Chemicals -fka- Zebulon Industries Inc.

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Zebulon Industries Inc., Licensee dated February 12, 2009.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Zebulon Industries Inc., Licensee dated February 24, 2010.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Zebulon Industries Inc., Licensee dated June 22, 2010.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Zebulon Industries Inc., Licensee dated April 1, 2011.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Emma Chemicals, Inc., (also doing business as Zebulon Industries Inc.), Licensee dated December 3, 2014.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Emma Chemicals, Inc., (also doing business as Zebulon Industries Inc.), Licensee dated December 23, 2015.

 

Ivan Abry

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated August 12, 1999.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated November 6, 2000.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated September 24, 2001.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated September 11, 2002.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated September 30, 2003.

 

200

 

·                  License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated August 18, 2004.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated August 15, 2005.

·                  Second between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated August 2, 2006.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated January 9, 2007.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated May 8, 2008.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated March 6, 2009.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated April 1, 2010.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated March 22, 2011.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated March 27, 2012.

·                  Ninth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated August 1, 2013.

·                  Tenth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated June 17, 2014.

·                  Eleventh Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated March 18, 2015.

·                  Twelfth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated July 11, 2016.

·                  Thirteenth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated December 14, 2017.

·                  Fourteenth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and Ivan Abry, Licensee dated September 21, 2018.

 

James H. Brooks

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated April 21, 2006.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated January 18, 2007.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated April 8, 2008.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated March 19, 2009.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated April 27, 2010.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated March 24, 2011.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated March 28, 2012.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated May 2, 2013.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated May 7, 2014.

 

201

 

·                  Ninth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated March 25, 2015.

·                  Tenth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated July 11, 2016.

·                  Eleventh Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated January 9, 2018.

·                  Twelfth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and James H. Brooks, Licensee dated September 28, 2018.

 

The Louis Berger Group, Inc.

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Louis Berger Group, Inc., Licensee dated December 3, 2009.

 

·                  C&E Letter between Mack Cali CW Realty Associates L.L.C., Owner/Landlord, and The Louis Berger Group, Inc., Tenant dated December 11, 2009.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Louis Berger Group, Inc., Licensee dated March 17, 2011.

 

The Sign Works Incorporated

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Sign Works Incorporated, Licensee dated August 14, 2009.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Sign Works Incorporated, Licensee dated June 29, 2010.

·                  Substitute Premises Letter between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Sign Works Incorporated, Licensee dated March 31, 2011.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Sign Works Incorporated, Licensee dated August 3, 2011.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Sign Works Incorporated, Licensee dated July 30, 2013.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Licensor, and The Sign Works Incorporated, Licensee dated December 17, 2014.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

Welby, Brady & Greenblatt, L.L.P.

 

Standard Form of License Agreement between Mack-Cali CW Realty Associates LLC, Licensor, and Welby, Brady, Greenblatt, L.L.P., Licensee dated November 11, 2004.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C, Licensor, and Welby, Brady & Greenblatt, L.L.P., Licensee dated April 30, 2013.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C, Licensor, and Welby, Brady & Greenblatt, L.L.P., Licensee dated October 26, 2018.

 

500 EXECUTIVE BOULEVARD

 

Olympia Sports, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C, Owner, and Olympia Sports, Inc., Tenant dated September 22, 1999.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Olympia Sports, Inc., Tenant dated February 11, 2000.

 

202

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Olympia Sports Company, Incorporated (formerly incorrectly identified as Olympia Sports, Inc.), Tenant dated May 28, 2009.

 

Professional Security Broadband, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Professional Security Broadband, Inc., Tenant dated March 20, 2018.

 

Protect & Control, Inc. -  fka Deerfield Distributing, Inc. d/b/a Edist

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Deerfield Distributing, Inc. d/b/a Edist, Tenant dated August 20, 2009.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Deerfield Distributing, Inc. (d/b/a Edist), Tenant dated May 2, 2014.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Protect & Control, Inc., (successor-in-interest to Deerfield Distributing, Inc. d/b/a Edist) Tenant dated November 28, 2017.

·                  Guaranty of Lease between Protect & Control, Inc., Tenant, Mack-Cali CW Realty Associates L.L.C., Owner, and Deerfield Distributing, Inc., Guarantor dated November 28, 2017.

 

Singer Holding Corporation

 

Temporary Lease between Robert Martin Company, Owner and Original Consumers Oil Heating Corp., Tenant dated June 26, 1990.

 

·                  Standard Form of Loft Lease between Robert Martin Company, Owner, and Original Consumers Oil Heating Corp., Tenant dated October 22, 1990.

·                  Assignment of Lease between Original Consumers Oil Heating Corp., Assignor, Singer Holding Corporation, Assignee, and Robert Martin Company, LLC, Owner dated September 10, 1996.

·                  First Amendment between Mack-Cali CW Realty Associates, L.L.C, Owner and Singer Holding Corporation, Tenant dated May 24, 1999.

·                  Landlord’s Waiver and Consent between Mack-Cali CW Realty Associates, LLC, Landlord, and General Electric Capital Corporation, Lender dated December 18, 2002.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C, Owner and Singer Holding Corporation, Tenant dated November 18, 2005.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C, Owner and Singer Holding Corporation, Tenant dated October 30, 2006.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C, Owner and Singer Holding Corporation, Tenant dated October 6, 2010.

·                  Space Sharing Agreement between Mack-Cali CW Realty Associates, L.L.C, Owner and Singer Holding Corporation, Tenant dated December 1, 2010.

·                  Fifth Amendment to Lease/Generator Agreement between Mack-Cali CW Realty Associates L.L.C, Owner and Singer Holding Corporation, Tenant dated April 8, 2015.

 

Special Citizens Futures Unlimited, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Special Citizens Futures Unlimited, Inc., Tenant dated March 28, 2008.

 

·                  C&E Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and Special Citizens Futures Unlimited, Inc., Tenant dated May 30, 2008.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Special Citizens Futures Unlimited, Inc., Tenant dated June 14, 2018.

·                  License & Service Agreement between Special Citizens Futures Unlimited, Inc, Licensor, and Advance Care Alliance of NY, Inc., Licensee dated November 1, 2018.

 

203

 

·                  Consent To License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, Special Citizens Futures Unlimited, Inc, Licensor, and Advance Care Alliance of NY, Inc., Licensee dated December 18, 2018.

 

Thyssenkrupp Elevator Corporation -fka- Dover Elevator Company

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Dover Elevator Company, Tenant dated December 21, 1995.

 

·                  C&E Letter between Robert Martin Company, Owner and Dover Elevator Company, Tenant dated February 26, 1996.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Thyssenkrupp Elevator Corporation (formerly known as Dover Elevator Company), Tenant dated December 5, 2001.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Thyssenkrupp Elevator Corporation (formerly known as Dover Elevator Company), Tenant dated May 3, 2006.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Thyssenkrupp Elevator Corporation (formerly known as Dover Elevator Company), Tenant dated July 22, 2011.

·                  Assignment of Lease and Assumption Agreement between Thyssenkrupp Elevator Corporation (TKE) and Thyssenkrupp North America, Inc. (TKNA) dated January 12, 2018.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Thyssenkrupp North America, Inc. (successor-in-interest to Thyssenkrupp Elevator Corporation), Tenant dated January 18, 2018.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

525 EXECUTIVE BOULEVARD

 

General Nutraceutical Technology, LLC

 

Standard Form of Loft Lease between Cross Westchester Realty Associates L.L.C., Owner, and General Nutraceutical Technology, LLC, Tenant dated April 29, 2016.

 

·                  Letter regarding Consent to Sublet between New Age Restoration, Inc, as Tenant, General Nutraceutical Technology, LLC, as Subtenant, and Cross Westchester Realty Associates L.L.C., as Owner, dated January 17, 2017.

 

Hawthorne Foundation Inc.

 

Standard Form of Loft Lease between Cross Westchester Realty Associates L.L.C., Owner, and Hawthorne Foundation Inc., Tenant dated October 1, 2008.

 

·                  C&E Letter between Cross Westchester Realty Associates L.L.C., Owner, and Hawthorne Foundation Inc., Tenant dated November 10, 2008.

·                  First Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Hawthorne Foundation Inc., Tenant dated November 29, 2018.

 

Multigon Industries, Inc.

 

Standard Form of Loft Lease between Cross Westchester Realty Associates L.L.C., Owner, Multigon Industries, Inc., Tenant dated January 14, 2013.

 

·                  First Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Multigon Industries, Inc., Tenant dated September 21, 2015.

·                  Second Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Multigon Industries, Inc., Tenant dated March 1, 2018.

 

204

 

New Cingular Wireless PCS LLC

 

License Agreement between Cross Westchester Realty Associates L.L.C., Licensor, and New Cingular Wireless PCS, LLC, Licensee dated December 17, 2015.

 

·                  Commencement Notice Letter between Mack Cali CW Realty Assoc LLC, Licensor, and New Cingular Wireless PCS, LLC, Licensee dated November 18, 2016.

·                  First Amendment to License Agreement between Cross Westchester Realty Associates L.L.C., Licensor, and New Cingular Wireless PCS, LLC, Licensee dated May 17, 2017.

 

New York Blood Center, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner and N.Y. Blood Center, Inc., Tenant dated March 30, 1990.

 

·                  C&E Letter between Robert Martin Company, Owner, and New York Blood Center, Inc. Tenant dated September 26, 1990.

·                  Surrender of Lease between Robert Martin Company, Owner and N.Y. Blood Center, Inc., Tenant dated July 22, 1992.

·                  First Amendment between Robert Martin Company, Owner, and N.Y. Blood Center, Inc., Tenant dated April 4, 1995.

·                  C&E Letter between Robert Martin Company, Owner, and N.Y. Blood Center, Inc., Tenant dated July 7, 1995.

·                  Second Amendment between Cross Westchester Realty Associates, L.L.C., Owner, and N.Y. Blood Center, Inc., Tenant dated May 25, 2000.

·                  Third Amendment between Cross Westchester Realty Associates L.L.C., Owner, and N.Y. Blood Center, Inc., Tenant dated January 23, 2002.

·                  C&E Letter between Cross Westchester Realty Associates L.L.C., Owner, and N.Y. Blood Center, Tenant dated September 10, 2002.

·                  Fourth Amendment between Cross Westchester Realty Associates L.L.C., Owner, and New York Blood Center, Inc., (previously incorrectly referred to as N.Y. Blood Center, Inc.), Tenant dated December 10, 2009.

·                  Option for Additional Space Letter between Cross Westchester Realty Associates L.L.C., Owner, and New York Blood Center, Inc., Tenant dated February 1, 2010.

·                  Additional Space Option Letter between Cross Westchester Realty Associates

L.L.C., Owner, and New York Blood Center, Inc., Tenant dated February 1, 2010.

·                  Notice for Additional Space Letter between Mack-Cali Realty Corporation, Owner, and New York Blood Center, Tenant dated February 9, 2010.

·                  Additional Space Option Letter between Cross Westchester Realty Associates L.L.C., Owner, and New York Blood Center, Inc., Tenant dated March 22, 2011.

·                  Right of First Offer Letter between Cross Westchester Realty Associates L.L.C., Owner, and New York Blood Center, Inc., Tenant dated June 25, 2014.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Cross Westchester Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

Vie De Franc Yamazaki, Inc -fka- Country Epicure, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Landlord, and Country Epicure, Inc., Tenant dated November 4, 1987.

 

·                  C&E Letter between Robert Martin Company, Owner, and Country Epicure, Inc., Tenant dated June 15, 1988.

·                  Lease Amendment between Robert Martin Company, Landlord, and Country Epicure, Inc., Tenant dated June 25, 1989.

·                  C&E Letter between Robert Martin Company, Owner and Country Epicure, Inc., Tenant dated February 27, 1990.

 

205

 

·                  Option to Extend Letter between Robert Martin Company, LLC, Landlord and Vie De France Yamazaki, Inc., Tenant dated April 16, 1997.

·                  Lease Amendment between Cross Westchester Realty Associates L.P., Landlord, and Vie De France Yamazaki, Inc., Tenant dated November 24, 1997.

·                  Third Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Vie De France Yamazaki, Inc., Tenant dated April 30, 2002.

·                  Fourth Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Vie De France Yamazaki, Inc., Tenant dated April 28, 2006.

·                  Fifth Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Vie De France Yamazaki, Inc., Tenant dated March 21, 2012.

·                  Sixth Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Vie De France Yamazaki, Inc., Tenant dated April 27, 2015.

·                  Seventh Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Vie De France Yamazaki, Inc., Tenant dated June 29, 2017.

 

Wright Medical Technology, Inc.

 

Standard Form of Loft Lease between Cross Westchester Realty Associates L.L.C., Owner, and Wright Medical Technology, Inc., Tenant dated September 16, 2014.

 

·                  First Amendment to Lease between Cross Westchester Realty Associates L.L.C., Owner, and Wright Medical Technology, Inc., Tenant dated January 13, 2017.

·                  Second Amendment to Lease/Commencement Date Agreement between Cross Westchester Realty Associates L.L.C., Owner, and Wright Medical Technology, Inc., Tenant dated July 25, 2017.

 

6 WESTCHESTER PLAZA

 

Aqua Turf Irrigation Systems, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Aqua Turf Irrigation Systems, LLC dated September 25, 2013.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Aqua Turf Irrigation Systems, LLC, Tenant dated February 4, 2014.

 

Bauer Office Solutions, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates, L.L.C., Owner, and Bauer Office Solutions, Inc., Tenant dated January 2, 2018.

 

Fire End & Croker Corp.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire-End Croker Corporation, Tenant dated July 29, 2005.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire End & Croker Corp., (previously incorrectly referred to as Fire-End Croker Corporation) Tenant dated August 6, 2008.

·                  Second Amendment between Mack-Cal CW Realty Associates L.L.C., Owner, and Fire End & Croker Corp., Tenant dated June 27, 2013.

·                  Third Amendment between Mack-Cal CW Realty Associates L.L.C., Owner, and Fire End & Croker Corp., Tenant dated June 3, 2015.

·                  Fourth Amendment/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire End & Croker Corp., Tenant dated December 7, 2016.

 

Girard Rubber Corp.

 

Standard Form of Loft Lease between Robert, P. Weinberg and Martin S. Berger, Landlord, and Girard Rubber Corp., Tenant dated March 10, 1969.

 

206

 

·                  Standard Form of Loft Lease between Robert Martin Company, Landlord, and Girard Rubber Corporation, Tenant dated May 14, 1984.

·                  Lease Amendment between Robert Martin Company, Landlord, and Girard Rubber Corporation, Tenant dated January 12, 1989.

·                  Lease Amendment between Robert Martin Company, Landlord, and Girard Rubber Corporation, Tenant dated February 4, 1993.

·                  Lease Amendment between Robert Martin Company, Landlord, and Girard Rubber Corporation, Tenant dated May 14, 1996.

·                  Lease Amendment between RM CW Realty Associates, Landlord, and Girard Rubber Corporation, Tenant dated December 31, 1998.

·                  Lease Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Girard Rubber Corporation, Tenant dated November 5, 2001.

·                  Sixth Lease Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Girard Rubber Corporation, Tenant dated September 29, 2004.

·                  Seventh Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Girard Rubber Corporation, Tenant dated August 23, 2007.

·                  Eighth Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Girard Rubber Corporation, Tenant dated March 30, 2009.

·                  Ninth Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Girard Rubber Corporation, Tenant dated June 22, 2011.

·                  Tenth Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord, and Girard Rubber Corporation, Tenant dated November 13, 2014.

·                  Eleventh Amendment between Mack-Cali CW Realty Associates L.L.C., Landlord and Girard Rubber Corporation, Tenant dated May 18, 2018.

 

Technovax, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates, L.L.C., Owner, and Technovax, Inc., Tenant dated June 15, 2017.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

7 WESTCHESTER PLAZA

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Cablevision Lightpath, Inc., Provider, dated February 10, 2009.

 

·                  Renewal Email between Mack-Cali CW Realty Associates L.L.C., Owner, and Cablevision Lightpath, Inc., Provider, dated February 14, 2014.

·                  First Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

 

Emigrant Savings Bank

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Emigrant Savings Bank, Tenant dated September 18, 1992.

 

·                  C&E Letter between Robert Martin Company, Owner, and Emigrant Savings Bank, Tenant dated December 28, 1992.

·                  First Amendment between Robert Martin Company, Owner, and Emigrant Savings Bank, Tenant dated August 27, 1993.

 

207

 

·                  Second Amendment between Robert Martin Company, Owner, and Emigrant Savings Bank, Tenant dated March 5, 1994.

·                  C&E Letter between Robert Martin Company, Owner, and Emigrant Savings Bank, Tenant dated March 18, 1994.

·                  Third Amendment between Robert Martin Company, Owner, and Emigrant Savings Bank, Tenant dated May 31, 1995.

·                  C&E Letter between Robert Martin Company, Owner, and Emigrant Savings Bank, Tenant dated June 20, 1995.

·                  Fourth Amendment between RM CW Realty Associates, Owner, and Emigrant Savings Bank, Tenant dated December 31, 1997.

·                  C&E Letter between RM CW Realty Associates, Owner, and Emigrant Savings Bank, Tenant dated April 14, 1998.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Emigrant Savings Bank, Tenant dated June 29, 2000.

·                  Sixth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Emigrant Bank, Tenant dated August 31, 2009.

 

Fire-End Croker Corporation

 

Standard Form of Loft Lease between Robert Martin Properties, Inc., Landlord, and Fire-End Croker Corporation, Tenant dated March 16, 1973.

 

·                  Amendment between Robert Martin Company, Landlord, and Fire-End Croker Corporation, Tenant dated May 12, 1978.

·                  Amendment between Robert Martin Company, Landlord, and Fire-End Croker Corporation, Tenant dated December 12, 1979.

·                  Amendment between Robert Martin Company, Landlord, and Fire-End & Croker, Corp., Tenant dated May 9, 1983.

·                  Lease Amendment between Robert Martin Company, Landlord, and Fire-End & Croker Corporation, Tenant dated July 14, 1986.

·                  Lease Amendment between Robert Martin Company, Owner, and Fire-End Croker Corporation, Tenant dated February 20, 1990.

·                  C&E Letter between Robert Martin Company, Owner, and Fire-End Croker Corporation, Tenant dated August 24, 1990.

·                  Lease Amendment between Robert Martin Company, Landlord, and Fire-End Croker Corporation, Tenant dated March 7, 1994.

·                  Lease Amendment between RM CW Realty Associates, Landlord, and Fire-End Croker Corporation, Tenant dated September 14, 1998.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire-End Croker Corporation, Tenant dated March 13, 2001.

·                  Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire-End Croker Corporation, Tenant dated September 30, 2003.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire End & Croker Corp., (previously incorrectly referred to as Fire-End Croker Corporation), Tenant dated August 6, 2008.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire End & Croker Corp., Tenant dated June 27, 2013.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Fire End & Croker Corp., Tenant dated June 3, 2015.

 

MCI Metro Access Transmission Service LLC

 

License Agreement between Mack-Cali CW Real Estate Associates, Licensor, and MCI Metro Access Transmission Service LLC, Licensee dated July 9, 2009.

 

208

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates, L.L.C., Owner and Verizon New York Inc., dated April 1, 2008.

 

75 CLEARBROOK ROAD

 

Cablevision Lightpath Inc.

 

Telecom License Agreement between Cross Westchester Realty Associates L.L.C., Owner, and Cablevision Lightpath Inc., Provider, dated August 15, 2017.

 

CSC TKR LLC dba Cablevision of Raritan Valley

 

Cable Access Agreement between Cross Westchester Realty Associates L.L.C., Owner and CSC TKR, Inc. d/b/a Cablevision of Raritan Valley, Provider dated March 11, 2009.

 

·                  Name Change Certificate from “CSC TKR, Inc.”, to “CSC TKR, LLC” dated June 26, 2009.

 

Evening Out, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Evening Out, Inc., Tenant dated February 28, 1990.

 

·                  First Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Evening Out, Inc., Tenant dated June 15, 2005.

·                  Second Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Evening Out, Inc., Tenant dated September 25, 2012.

·                  Third Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Evening Out, Inc., Tenant dated May 30, 2013.

·                  Fourth Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Evening Out, Inc., Tenant dated May 6, 2014.

·                  Fifth Amendment between Cross Westchester Realty Associates L.L.C., Owner, and Evening Out, Inc., Tenant dated March 30, 2015.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Cross Westchester Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

77 EXECUTIVE BOULEVARD

 

Bright Horizons Children’s Centers, LLC -fka- Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Bright Horizons Children’s Centers, Inc., Tenant dated July 28, 1989.

 

·                  C&E Letter between Robert Martin Company, Owner, and Bright Horizons Children’s Centers, Inc., Tenant dated July 23, 1990.

·                  First Amendment between Robert Martin Company, Owner, and Bright Horizons Children’s Centers, Inc., Tenant dated September 30, 1994.

·                  Second Amendment between RM CW Realty Associates, Owner, and Bright Horizons Children’s Centers, Inc., Tenant dated September 18, 1998.

·                  Third Amendment between Mack-Cali CW Realty Associates, L.L.C., Owner, and Bright Horizons Children’s Centers, Inc., Tenant dated September 27, 2000.

·                  Name Change Certificate from “Bright Horizons Children’s Centers, Inc.” to “Bright Horizons Children’s Centers LLC.”, dated May 28, 2008.

 

209

 

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Bright Horizons Children’s Centers LLC. (formerly known as Bright Horizons Children’s Centers, Inc.), Tenant dated May 12, 2009.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Bright Horizons Children’s Centers LLC. (formerly known as Bright Horizons Children’s Centers, Inc.), Tenant dated December 27, 2013.

 

Random Farms Kids Theater, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates, L.L.C., Owner, and Random Farms Kids Theater, Inc., Tenant dated November 19, 2007.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Random Farms Kids Theater, Inc., Tenant dated August 20, 2018.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc., dated April 1, 2008.

 

8 WESTCHESTER PLAZA

 

Aery Lighting Supply, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Aery Lighting Supply, Inc., Tenant dated September 24, 2010.

 

·                  C&E Letter between Mack Cali CW Realty Associates L.L.C., Owner/Landlord and Aery Lighting Supply, Inc., Tenant dated November 19, 2010.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Aery Lighting Supply, Inc., Tenant dated March 14, 2016.

 

BBA Project, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and BBA Project, Inc., Tenant dated August 17, 2007.

 

·                  C&E Letter between Mack Cali CW Realty Associates, L.L.C., Owner/Landlord and BBA Project, Inc., Tenant dated November 26, 2007.

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and BBA Project, Inc., Tenant dated December 16, 2013.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and BBA Project, Inc., Tenant dated November 4, 2016.

·                  Third Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and BBA Project, Inc., Tenant dated January 23, 2017.

·                  Amendment and Restated Third Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and BBA Project, Inc., Tenant dated June 6, 2017.

 

Best Plumbing Supply, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Best Plumbing Supply, Inc., Tenant dated November 20, 2015.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Best Plumbing Supply, Inc., Tenant dated January 11, 2016.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement Mack-Cali CW Realty Associates L.L.C., Owner, and Cablevision Lightpath - NJ, Inc., Provider dated July 17, 2012.

 

210

 

·                  First Amendment to Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

Cubicle Enterprises LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.LC., Owner, and Cubicle Enterprises LLC, Tenant dated February 29, 2016.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Cubicle Enterprises LLC, Tenant dated September 14, 2016.

 

Dance Time Entertainment, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Dance Time Entertainment, Inc., Tenant dated October 29, 2015.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Dance Time Entertainment, Inc., Tenant dated December 16, 2015.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner and Dance Time Entertainment, Inc., Tenant dated September 19, 2017.

 

Executive Printing & Direct Mail

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Executive Printing & Direct Mail, Inc., Tenant dated March 22, 1993.

 

·                  First Amendment between RM CW Realty Associates, Owner, and Executive Printing & Direct Mail, Inc., Tenant dated December 16, 1997.

·                  Second Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Executive Printing & Direct Mail, Inc., Tenant dated June 28, 2002.

·                  Third Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Executive Printing & Direct Mail, Inc., Tenant dated March 30, 2005.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Executive Printing & Direct Mail, Inc., Tenant dated December 30, 2008.

·                  Fifth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Executive Printing and Direct Mail, Inc., Tenant dated August 29, 2013.

 

Fed Ex - Drop Box

 

Agreement between Mack-Cali CW Realty Associates, LLC, Owner, and FedEx Express, Tenant dated April 23, 2013.

 

Lightower Fiber Networks I LLC

 

Telecom License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Light Tower Fiber Networks I LLC, Provider dated March 9, 2016.

 

·                  Name Change Support Documentation between Mack-Cali Realty Corporation, Owner, and Light Tower Fiber Networks I, LLC, Provider dated October 3, 2014.

 

MyPublisher, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and MyPublisher, Inc., Tenant dated June 6, 2012.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and MyPublisher, Inc., Tenant August 10, 2012.

·                  Right of First Offer of Additional Space Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and MyPublisher, Inc., Tenant dated January 28, 2013.

·                  License Agreement between Mack-Cali CW Realty Associates L.L.C., Licensor, and MyPublisher, Inc., Licensee dated April 3, 2013.

 

211

 

·                  Merger Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and MyPublisher, Inc., Tenant dated April 19, 2013.

·                  Right of First Offer Letter between Mack-Cali CW Realty Associates L.L.C., Owner, and MyPublisher, Inc., Tenant dated October 9, 2013.

·                  First Amendment to Lease between Mack-Cali CW Realty Associates L.L.C., Landlord, and MyPublisher, Inc., Tenant dated November 5, 2014.

·                  Sublease by and between MyPublisher, Inc., Sublandlord, and Limelight, Inc., Subtenant, dated March 20, 2017.

·                  Consent to Sublease by and among Mack-Cali CW Realty Associates L.L.C., Landlord, MyPublisher, Inc., Tenant, and Limelight, Inc., Subtenant, dated March 20, 2017.

·                  Exercise of Termination Option Letter between Mack-Cali Realty Associates L.L.C., Landlord, and MyPublisher, Inc., Tenant, dated January 23, 2019.

 

SMK Imaging, LLC -dba- Imageworks

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner, and SMK Imaging, LLC (d/b/a Imageworks), Tenant dated May 20, 2014.

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and SMK Imaging, LLC (d/b/a Imageworks), Tenant dated June 24, 2014.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

85 EXECUTIVE BOULEVARD

 

Authentic Window Design, LLC

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Authentic Window Design, L.L.C., Tenant dated February 2, 2015.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Authentic Window Design, LLC, Tenant dated March 31, 2015.

 

Big Apple Collectibles Corp.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and Big Apple Collectibles Corp., Tenant dated September 28, 2018.

 

·                  Standard Form of License Agreement between 12 Skyline Associates L.L.C., Licensor and Big Apple Collectibles Corp., Licensee

 

·                  Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner, and Big Apple Collectibles Corp., Tenant, dated February 14, 2019.

 

North American Family Institute, Inc.

 

Standard Form of Loft Lease between Mack-Cali CW Realty Associates L.L.C., Owner and North American Family Institute, Inc., Tenant dated September 19, 2014.

 

·                  First Amendment to Lease/Commencement Date Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and North American Family Institute, Inc., Tenant dated November 10, 2014.

 

Verizon New York Inc. (FIOS)

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated December 5, 2008.

 

212

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali CW Realty Associates L.L.C., Owner and Verizon New York Inc. dated April 1, 2008.

 

1 SKYLINE DRIVE

 

Kidabilities, L.L.C., and Speech & Languages, P.C.

 

Standard Form of Office Lease between Mid-Westchester Realty Associates L.L.C., Owner and Kidabilities, L.L.C and Speech  & Languages, P.C. d/b/a Chatterbox, Tenant, dated April 19, 2002.

 

·                  C&E Letter between Mid-Westchester Realty Associates LLC, Owner and Kidabilities, L.L.C and Speech  & Languages, P.C., Tenant, dated May 28, 2002.

·                  First Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Kidabilities, LLC, Tenant, dated June 28, 2012.

·                  Second Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Kidabilities, LLC, Tenant, dated September 22, 2014.

·                  Third Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Kidabilities, LLC, Tenant, dated December 23, 2015.

·                  Fourth Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Kidabilities, LLC, Tenant, dated February 21, 2017.

·                  Assignment And Assumption of Lease between Kidabilities, LLC, Assignor, and Los Ninos Services, Inc., Assignee, dated July 26, 2018.

·                  Consent To Assignment of Lease between Mid-Westchester Realty Associates L.L.C., Owner, Kidabilities, LLC, Tenant, and Los Ninos Services, Inc., Assignee, dated July 27, 2018.

·                  Guaranty of Lease between Scott Mesh and Edita Diaz, Guarantor, Los Ninos Services, Inc., Assignee/Tenant, Kidabilities, LLC, Assignor/Assignee, and Mid-Westchester Associates LLC, Owner, dated July 26, 2018.

 

Little Years Daycare, Inc. -fka-Childtime Child Care

 

Standard Form of Office Lease between Robert Martin Company, Owner and Ogden Allied Child Care Services Corporation, Tenant, dated January 9, 1990.

 

·                  Guaranty of Lease between Ogden Allied Services Corporation, d/b/a Supertots, Tenant, Robert Martin Company, Owner, and Ogden Allied Services Corporation, Guarantor dated January 9, 1990.

·                  Clarification of Lease between Robert Martin Company, Owner and Ogden Allied Child Care Services, Tenant, dated January 23, 1990.

·                  C&E Letter between Robert Martin Company, Owner and Ogden Allied Child Care Services Corp., Tenant dated September 4, 1990.

·                  Change in Name Certificate from Ogden Child Care Services Corp. to Childtime Childcare, Inc. dated October 8, 1992.

·                  Letter re: consent to Allow Buses between Robert Martin Company, Owner, and Childtime Childcare, Inc., Tenant dated September 3, 1996.

·                  First Amendment between Mid-Westchester Realty Associates L.L.C., Owner and Childtime Childcare, Inc., Tenant, dated March 22, 2000.

·                  Consent to Assignment of Lease between Mid-Westchester Realty Associates L.L.C., Owner, Childtime Childcare, Inc, Tenant, Little Years Daycare, Inc, Assignee dated November 23, 2004.

·                  Guaranty of Lease between Little Years Daycare, Inc., Tenant, Mid-Westchester Realty Associates L.L.C, Owner, and Donald E. Degling, Guarantor dated December 23, 2004.

·                  Consent to Assignment of Lease between Mid-Westchester Realty Associates L.L.C., Owner, Childtime Childcare Inc., Tenant and Little Years Daycare, Inc., Assignee, dated August 5, 2005.

·                  Assignment of Lease between Childtime Childcare Inc., successor-in-interest to Ogden Allied Child Care Services Corporation, Assignor, Little Years Daycare, Inc., Assignee, Mid-Westchester Realty Associates L.L.C.’s predecessor in interest, Robert Martin Company, Owner dated August 5, 2005.

 

213

 

·                  Second Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Little Years Daycare, Inc., Tenant, dated August 5, 2005.

·                  Guaranty of Lease between Childtime Childcare, Inc., Tenant, Mid-Westchester Realty Associates L.L.C., Owner, and Learning Care Group, Inc., Guarantor dated August 5, 2005.

·                  Guaranty of Lease between Little Years Daycare, Inc., Tenant, Mid-Westchester Realty Associates L.L.C., Owner, and Donald e. Degling, Guarantor dated August 26, 2005.

·                  Security Deposit Letter re: Childtime Childcare, Inc., dated September 29, 2005.

·                  Consent to Memorandum of Understanding between Little Years Daycare, Inc., Licensor, Theracare Preschool Services, Inc., Licensee, and Mid-Westchester Realty Associates L.L.C., Owner dated March 10, 2009.

·                  Third Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Little Years Daycare, Inc., Tenant dated October 18, 2010.

·                  Short Form Lease between Mid-Westchester Realty Associates L.L.C., Landlord, and Little Years Daycare, Inc., Tenant, dated October 31, 2018.

·                  Guaranty of Lease between Little Years Daycare, Inc., Tenant, Mid-Westchester Realty Associates L.L.C, Landlord, and Danielle McCann and Lois Degling, Guarantor dated October 31, 2018.

 

2 SKYLINE DRIVE

 

Allstar Marketing Group, LLC

 

Short Form Lease between Mid-Westchester Realty Associates L.L.C., Landlord and Allstar Marketing Group , LLC, Tenant, dated December 30, 2009.

 

·                  First Amendment between Mid-Westchester Realty Associates LLC, Landlord, and Allstar Marketing Group, LLC, Tenant, dated March 25, 2010.

·                  Second Amendment between Mid-Westchester Realty Associates LLC, Landlord, and Allstar Marketing Group, LLC,  Tenant dated January 26, 2012.

·                  Landlord’s Waiver between Allstar Marketing Group and Allstar Products Group, LLC, collectively the Borrower, RBS Citizens National Association, Secured Party and Mid-Westchester Realty Associates L.L.C. , Landlord, dated July 16, 2012.

·                  Third Amendment between, Mid-Westchester Realty Associates L.L.C., Landlord, and Allstar Marketing Group, LLC, Tenant, dated February 4, 2014.

·                  Fourth Amendment between, Mid-Westchester Realty Associates L.L.C., Landlord, and Allstar Marketing Group, LLC, Tenant, dated April 15, 2016.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Cablevision Lightpath - NJ, Inc., Provider, dated April 27, 2010.

 

·                  First Amendment to Telecom License Agreement between Mid-Westchester Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and, Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

·                  Second Amendment to Telecom License Agreement between Mid-Westchester Realty, Associates LLC c/o Mack-Cali Realty, L.P., Owner, and Cablevision Lightpath, Inc., Provider, dated May 8, 2018.

 

4 SKYLINE DRIVE

 

Biomed Pharmaceuticals, Inc. d/b/a Soleo Health

 

Standard Form of Loft Lease between Mid-Westchester Realty Associates L.L.C., Owner, and BioMed Pharmaceuticals, Inc. d/b/a Soleo Health, Tenant, dated November 16, 2016.

 

·                  Guaranty of Lease between BioMed Pharmaceuticals, Inc., Tenant, Mid-Westchester Realty Associates, L.L.C., Owner, and Soleo Health Holdings, Inc., Guarantor, dated November 14, 2016.

 

214

 

·                  First Amendment to Lease Commencement Date Agreement between, Mid-Westchester Realty Associates L.L.C., Owner, and, BioMed Pharmaceuticals, Inc. d/b/a Soleo Health Tenant, dated June 2, 2017.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Cablevision Lightpath, Inc., Provider, dated August 11, 2005.

 

·                  First Amendment to Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Cablevision Lightpath, Inc., Provider, dated September 23, 2010.

·                  Second Amendment to Telecom License Agreement between Mid-Westchester Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and, Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

·                  Renewal Emails, dated August 15, 2011, August 20, 2012, August 20, 2014.

·                  Third Amendment to Telecom License Agreement between Mid-Westchester Realty Associates LLC c/o Mack-Cali Realty, L.P., Owner, and Cablevision Lightpath, Inc., Provider, dated May 8, 2018.

 

Optical Distributor Group, LLC

 

Standard Form of Loft Lease between Mid-Westchester Realty Associates L.L.C., Owner, and Optical Distributor Group, LLC, Tenant, dated September 15, 2003.

 

·                  Landlord’s Waiver (Release) between Mid-Westchester Realty Associates L.L.C., Landlord, Optical Distributor Group, LLC, Borrower and Interchange Bank, Lender, dated April 9, 2004.

·                  Collateral Removal Agreement between Mid-Westchester Realty Associates, Landlord and Optical Distributor Group LLC, Tenant, dated August 10, 2005.

·                  First Amendment Agreement between, Mid-Westchester Realty Associates L.L.C., Owner, and Optical Distributor Group, LLC, Tenant, dated December 31, 2005.

·                  C&E Letter between Mid Westchester Realty Associates L.L.C., Owner and Optical Distributor Group, LLC, Tenant, dated June 6, 2006.

·                  Second Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Optical Distributor Group, LLC, Tenant, dated August 17, 2010.

·                  Third Amendment between, Mid-Westchester Realty Associates L.L.C., Owner, and Optical Distributor Group, LLC, Tenant, dated August 3, 2011.

·                  Additional Security Letter between Mid-Westchester Realty Associates L.L.C., Landlord, and Optical Distributor Group, LLC, Tenant, dated December 26, 2012.

·                  Fourth Amendment between, Mid-Westchester Realty Associates L.L.C., Owner, and Optical Distributor Group, LLC, Tenant, dated May 7, 2014.

·                  Generator Authorization Memo, dated May 12, 2014.

·                  Consent for Alterations Letter between Mid-Westchester Realty Associates L.L.C., Owner, and Optical Distributor Group, LLC, Tenant, dated February 11, 2015.

 

Planned Parenthood Hudson Peconic, Inc.

 

Standard Form of Loft Lease between Mid-Westchester Realty Associates L.L.C., Owner, and Planned Parenthood Hudson Peconic, Inc., Tenant, dated September 30, 2000.

 

·                  First Amendment to Lease Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Planned Parenthood Hudson Peconic, Inc., Tenant, dated January 24, 2005.

·                  Second Amendment to Lease Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and, Planned Parenthood Hudson Peconic, Inc., Tenant, dated September 30, 2013.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Mid-Westchester Realty Associates L.L.C., Owner (UNDATED).

 

215

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Mid-Westchester Realty Associates, L.L.C., Owner, dated July 29, 2014.

 

5 SKYLINE DRIVE

 

AcariaHealth, Inc

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and AcariaHealth, Inc., Tenant, dated February 15, 2012.

 

·                  Commencement Date Agreement between 5/6 Skyline Realty L.L.C., Owner, and AcariaHealth, Inc., Tenant, dated August 29, 2013.

·                  Generator Authorization Memo, dated May 19, 2017.

 

BTX Technologies, Inc

 

Standard Form of Loft Lease between, 5/6 Skyline Realty L.L.C., Owner, and BTX Technologies, Inc., Tenant, dated November 17, 2004.

 

·                  C&E Letter between 5/6 Skyline Realty L.L.C., Owner, and BTX Technologies, Inc., Tenant, dated June 24, 2005.

·                  First Amendment between 5/6 Skyline Realty L.L.C., Owner, and BTX Technologies, Inc., Tenant, dated March 28, 2012.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between 5/6 Skyline Realty, L.L.C., Owner, and Cablevision Lightpath -NJ, Inc. , Provider, dated April 23, 2008.

 

·                  Renewal Email dated February 5, 2013.

·                  First Amendment to Telecom License Agreement between 5/6 Skyline Realty LLC c/o Mack -Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., collectively referred to as Provider, dated February 6, 2015.

 

Conri Services, Inc.

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated April 26, 2007.

 

·                  C&E Letter between 5/6 Skyline Realty, L.L.C., Owner, and Conri Services, Inc., Tenant, dated July 11, 2007.

·                  First Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated October 2, 2008.

·                  Second Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant dated January 27, 2009.

·                  Third Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated March 9, 2011.

·                  Landlord’s Subordination between 5/6 Skyline Realty L.L.C., Landlord, New York Business Development Corporation, Secured Party and Conri Services, Inc., Borrower, dated April 6, 2011.

·                  Letter by 5/6 Skyline Realty L.L.C., Landlord, to Conri Services, Inc., Tenant, dated November 27, 2013.

·                  Fourth Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated March 31, 2014.

·                  Fifth Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated June 30, 2017.

 

216

 

·                  Sixth Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated November 30, 2017.

·                  Commencement Date Agreement between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated January 22, 2018.

·                  Seventh Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated March 5, 2018.

·                  Eighth Amendment between 5/6 Skyline Realty L.L.C., Owner, and Conri Services, Inc., Tenant, dated June 29, 2018.

 

Hudson Valley DataNet d/b/a Lightower Fiber Networks

 

Telecom License Agreement between 5/6 Skyline Realty L.L.C., Owner, and Hudson Valley DataNet d/b/a Lightower Fiber Networks, Provider, dated April 25, 2011.

 

·                  Renewal Email dated March 17, 2016.

 

MetroPCS New York, LLC

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and MetroPCS New York, LLC, Tenant, dated May 8, 2007.

 

·                  C&E Letter between 5/6 Skyline Realty, L.L.C., Owner, and MetroPCS New York, LLC, Tenant, dated August 22, 2007.

·                  First Amendment between 5/6 Skyline Realty L.L.C., Owner, and MetroPCS New York, LLC, Tenant, dated May 1, 2017.

 

Precision Switchboard, Inc.

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and Precision Switchboard, Inc., Tenant, dated March 31, 2014.

 

·                  First Amendment Commencement Date Agreement between 5/6 Skyline Realty L.L.C., Owner, and Precision Switchboard, Inc., Tenant, dated April 7, 2015.

·                  Second Amendment to Lease between 5/6 Skyline Realty L.L.C., Owner, and Precision Switchboard, Inc., Tenant, dated May 30, 2018.

 

Verizon New York  Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and 5/6 Skyline Realty L.L.C., Owner, dated July 19, 2007.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and 5/6 Skyline Realty L.L.C., Licensor, dated July 29, 2014.

 

Westchester Gymnastics School

 

Standard Form of Loft Lease between Robert Martin Company, Landlord, and Westchester Gymnastics School, Tenant, dated February 13, 1980.

 

Standard Form of Loft Lease between Madeira-RMC, Owner, and Westchester Gymnastics School, Tenant, dated March 19, 1991.

 

·                  First Amendment between Madeira-RMC, L.P., Owner, and Westchester Gymnastics School, Tenant, dated September 1, 1995.

·                  Guaranty of Lease between Westchester Gymnastics School, Tenant, Al Flemming, Guarantor, and Madeira-RMC, L.P., Owner, dated September 1, 1995.

·                  Second Amendment between Madeira-RMC, L.P, Owner, and Westchester Gymnastics School, Tenant, dated February 6, 1998.

·                  Third Amendment between Madeira-RMC, L.P, Owner, and Westchester Gymnastics School, Tenant, dated May 17, 1999.

 

217

 

·                  Fourth Amendment between 5/6 Skyline Realty L.L.C., Owner, and Westchester Gymnastics School, Tenant, dated September 30, 2002.

·                  Fifth Amendment between 5/6 Skyline Realty L.L.C., Owner, and Westchester Gymnastics School, Tenant, dated December 29, 2006.

·                  Sixth Amendment between 5/6 Skyline Realty L.L.C., Owner, and Westchester Gymnastics, Inc., Tenant, dated August 14, 2017.

·                  Good Guy Guaranty of Lease between Westchester Gymnastics, Inc., Tenant, Tara Mann, Guarantor, and 5/6 Skyline Realty LLC, Owner, dated August 14, 2017.

 

6 SKYLINE DRIVE

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between 5/6 Skyline Realty L.L.C., Owner, and Cablevision Lightpath, Inc., Provider, dated February 4, 2014.

 

Gas Turbine Controls Corporation

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and Gas Turbine Controls Corporation, Tenant, dated May 15, 2015.

 

·                  First Amendment to Lease Commencement Date Agreement between 5/6 Skyline Realty L.L.C., Owner, and Gas Turbine Controls Corporation, Tenant, dated October 5, 2015.

 

Graybar Electric Company, Inc.

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and Graybar Electric Company, Inc., Tenant, dated August 9, 2011.

 

·                  Commencement Date Letter between 5/6 Skyline Realty L.L.C., Owner, and Graybar Electric Company, Inc., Tenant, dated October 17, 2011.

·                  First Amendment between 5/6 Skyline Realty L.L.C., Owner, and Graybar Electric Company, Inc., Tenant, dated June 29, 2016.

 

Red Hawk Fire & Security, LLC f/k/a UTC Fire & Security Corporation

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and UTC Fire & Security Corporation, Tenant, dated June 25, 2010.

 

·                  C&E Letter between 5/6 Skyline Realty L.L.C., Owner, and UTC Fire & Security Corporation, Tenant, dated November 10, 2010.

·                  Consent to Sublet between 5/6 Skyline Realty L.L.C., Owner,  UTC Fire & Security Corporation, Tenant, and Chubb Fire & Security, LLC, Subtenant, dated April 9, 2012.

·                  Sublease between UTC Fire & Security Corporation, Sublessor, and Chubb Fire & Security, LLC, Sublessee, dated April 2012.

·                  First Amendment between 5/6 Skyline Realty L.L.C., Owner, and Red Hawk Fire & Security, LLC, Tenant, dated February 28, 2017.

 

U.S. Remodelers, Inc.

 

Standard Form of Loft Lease between 5/6 Skyline Realty L.L.C., Owner, and U.S. Remodelers, Inc., Tenant, dated May 12, 2006.

 

·                  Right of First Offer Letter between 5/6 Skyline Realty L.L.C., Owner, and U.S. Remodelers, Inc., Tenant, dated October 2, 2008.

·                  First Amendment between 5/6 Skyline Realty L.L.C., Owner, and U.S. Remodelers, Inc., Tenant, dated May 26, 2011.

·                  C&E Letter between 5/6 Skyline Realty L.L.C., Owner, and U.S. Remodelers, Inc., Tenant, dated August 25, 2011.

 

218

 

·                  Second Amendment between 5/6 Skyline Realty L.L.C., Owner, and U.S. Remodelers, Inc., Tenant, dated May 26, 2016.

 

Verizon New York  Inc.

 

Telecommunications Facilities License Agreement between Verizon New York, Inc., and 5/6 Skyline Realty L.L.C., Owner, dated July 29, 2014.

 

7 SKYLINE DRIVE

 

All Tech Electronics, Inc.

 

Standard Form of License Agreement between Skyline Realty L.L.C., Licensor, and, All Tech Electronics, Inc., Licensee, dated June 16, 2015.

 

·                  First Amendment to License Agreement Commencement Date Agreement between Skyline Realty L.L.C., Licensor, and, All Tech Electronics, Inc., Licensee, dated September 9, 2015.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Skyline Realty L.L.C., Owner, and CSC Holdings, Inc., Provider, dated August 23, 2001.

 

·                  First Amendment to Telecom License Agreement between Skyline Realty L.L.C., Owner, and, CSC Holdings, Inc. and Cablevision Lightpath, Inc., collectively referred to as Provider, dated October 15, 2002.

·                  Email Re: LightPath - Mack-Cali Renewal, dated March 7, 2007.

·                  Email Re: CSC Holdings, Inc. - Mack-Cali Renewal, dated December 7, 2011.

·                  Second Amendment to Telecom License Agreement between Skyline Realty LLC c/o Mack-Cali Realty, LP, Owner, and, Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

 

Care Design NY, LLC

 

Short Form Lease between Skyline Realty L.L.C., Landlord, and Care Design NY, LLC, Tenant, dated November 7, 2018.

 

Center For Regional Healthcare Innovation, LLC f/k/a Westchester Medical Center

 

Short Form Lease between Skyline Realty L.L.C., Landlord, and Westchester Medical Center, Tenant, dated June 27, 2014.

 

·                  First Amendment to Lease Commencement Date between Skyline Realty L.L.C., Landlord, and Westchester Medical Center, Tenant, dated September 23, 2014.

·                  Second Amendment To Lease between Skyline Realty L.L.C., Landlord, and Center For Regional Healthcare Innovation, LLC, dated April 15, 2015.

·                  Third Amendment To Lease Commencement Date Agreement between Skyline Realty L.L.C., Landlord, and Center for Regional Healthcare Innovation, LLC, Tenant, dated August 4, 2015.

 

Lightower Fiber Networks I, LLC

 

Telecom License Agreement between Skyline Realty L.L.C., Owner, and Light Tower Fiber Long Island LLC, Provider, dated August 20, 2014.

 

·                  Name change and Certificate of Merger from Light Tower Fiber Long Island LLC to LightTower Fiber Networks I, LLC, dated September 17, 2014.

·                  Email detailing name change and merger of Light Tower Fiber, LLC and Light Tower Fiber Long Island, LLC Tenant dated October 3, 2014.

 

Lin Cellular Communications (NY) LLC

 

License Agreement between Skyline Realty, L.L.C., Licensor, and Lin Cellular Communications, (NY) LLC, Licensee, dated January 3, 2005.

 

219

 

·                  Email Re: Confirmation of Commencement Date, dated June 18, 2009.

·                  AT&T Renewal Notice Letter dated May 25, 2010.

·                  AT&T Renewal Notice Letter dated December 26, 2014.

·                  Email Re: AT&T Renewal dated July 7, 2015.

 

Matrix Absence Management, Inc. f/k/a Reliance Standard Life Insurance Company

 

Standard Form of Office Lease between RMC Development Company, LLC, Owner, and Matrix Absence Management, Inc., Tenant, dated September 1, 1998.

 

·                  C&E Letter between Mack-Cali Realty Corporation, general partner, and The Matrix Companies, Tenant, dated October 28, 1998.

·                  First Amendment between Skyline Realty L.L.C., Owner, and Matrix Absence Management, Inc., Tenant, dated June 28, 2000.

·                  C&E Letter between Skyline Realty L.L.C., Owner, and Matrix Absence Management, Inc., Tenant, dated September 7, 2000.

·                  Letter re: Security Deposit dated May 22, 2001 by Skyline Realty L.L.C. to Matrix Absence Management, Inc.

·                  Second Amendment between Skyline Realty L.L.C., Owner, and Matrix Absence Management, Inc, Tenant, dated September 15, 2003.

·                  Third Amendment between Skyline Realty L.L.C, Owner, and Matrix Absence Management, Inc, Tenant, dated March 16, 2004.

·                  Fourth Amendment between, Skyline Realty L.L.C., Owner, and Matrix Absence Management, Inc., Tenant, dated December 27, 2006.

·                  Right of First Offer letter between Skyline Realty L.L.C., Owner and Matrix Absence Management, Inc., Tenant, dated November 26, 2007.

·                  Consent to Assignment of Lease between Skyline Realty, L.L.C., Owner, Matrix Absence Management, Inc, Tenant, and Reliance Standard Life Insurance Company, Assignee, dated May 28, 2010.

·                  Assignment of Lease between Matrix Absence Management, Inc, Assignor, and Reliance Standard Life Insurance Company, Assignee, dated May 28, 2010.

·                  Fifth Amendment between Skyline Realty, L.L.C., Owner, and Reliance Standard Life Insurance Company (successor-in-Interest to Matrix Absence Management, Inc.), Tenant, dated May 28, 2010.

·                  C&E Letter between Skyline Realty, L.L.C., Owner, and Reliance Standard Life Insurance Company, Tenant, dated November 29, 2010.

·                  Sixth Amendment between Skyline Realty, L.L.C., Owner, and Reliance Standard Life Insurance Company (successor-in-Interest to Matrix Absence Management, Inc.), Tenant, dated December 8, 2011.

·                  Right of First Offer letter between Skyline Realty L.L.C., Owner and Reliance Standard Life Insurance Company, Tenant, dated December 7, 2012.

·                  Right of First Offer letter between Skyline Realty L.L.C., Owner and Reliance Standard Life Insurance Company, Tenant, dated January 10, 2014.

·                  Right of First Offer letter between Skyline Realty L.L.C., Owner and Reliance Standard Life Insurance Company, Tenant, dated April 9, 2015.

·                  Seventh Amendment between Skyline Realty, L.L.C., Owner, and Matrix Absence Management, Inc, Tenant, dated June 18, 2015.

·                  Consent to Assignment of Lease between Skyline Realty, L.L.C., Owner, Reliance Standard Life Insurance Company, Tenant, and Matrix Absence Management, Inc, Assignee, dated June 18, 2015.

·                  Assignment of Lease between Reliance Standard Life Insurance Company, Assignor, and Matrix Absence Management, Inc., Assignee, dated June 18, 2015.

 

220

 

Pridecare, Inc.

 

Short Form Lease Agreement between Skyline Realty L.L.C., Landlord, and Pridecare, Inc., Tenant, dated September 28, 2018.

 

Provident Design Engineering, PLLC

 

Short Form Lease between, Skyline Realty L.L.C., Landlord, and Provident Design Engineering, PLLC, Tenant, dated August 24, 2016.

 

·                  Standard Form of License Agreement between Skyline Realty L.L.C., Licensor, and Provident Design Engineering, PLLC, Licensee, dated September 30, 2016.

·                  First Amendment to License Agreement between Skyline Realty L.L.C., Licensor, and, Provident Design Engineering, PLLC, Licensee, dated November 10, 2017.

·                  First Amendment to Lease between Skyline Realty L.L.C., Landlord, and Provident Design Engineering, PLLC, Tenant, dated January 29, 2019.

 

RGN-Hawthorne I, LLC

 

Lease between, Skyline Realty L.L.C., Lessor, and RGN-Hawthorne I, LLC, Lessee, dated September 28, 2012.

 

·                  Guaranty of Lease between RGN-Hawthorne I, LLC, Lessee, Skyline Realty L.L.C., Lessor, and HQ Global Workplaces LLC, Guarantor, dated September 25, 2012.

·                  Commencement Date Agreement between Skyline Realty L.L.C., Lessor, and RGN-Hawthorne I, LLC, Lessee, dated May 6, 2013.

 

Skyline Drive Café LLC

 

License Agreement between Skyline Realty L.L.C., Licensor, and Skyline Drive Café LLC, Licensee, dated June 15, 2016.

 

Sprint Spectrum, LP

 

License Agreement between Skyline Realty, L.L.C., Licensor, and Sprint Spectrum, L.P., Licensee, dated March 10, 2005.

 

·                  First Amendment to License Agreement between Skyline Realty, L.L.C., Licensor, and, Sprint Spectrum Realty Company, L.P., Licensee, dated June 30, 2010.

·                  Renewal Email dated July 27, 2010.

·                  Second Amendment to License Agreement between Skyline Realty, L.L.C., Licensor, and Sprint Spectrum Realty Company, L.P., Licensee, dated July 7, 2014.

·                  Renewal Email dated September 18, 2015.

 

Strategic Asset Services of New York LLC

 

Lease between Skyline Realty L.L.C., Landlord, and Strategic Asset Services of New York LLC, Tenant, dated August 12, 2016.

 

T-Mobile Northeast, LLC f/k/a Omnipoint Facilities Network 2, LLC

 

License Agreement between Skyline Realty, L.L.C., Licensor, and Omnipoint Facilities Network 2, LLC, Licensee, dated April 27, 2004.

 

·                  Renewal Notice Letter, dated June 19, 2009.

·                  Renewal Notice Letter, dated March 21, 2014.

·                  First Amendment to License Agreement between Skyline Realty, L.L.C., Licensor, and Omnipoint Facilities Network 2, LLC, Licensee, dated August 14, 2017.

 

221

 

Traub Lieberman Straus & Shrewsberry LLP

 

Standard Form of Office Lease between, Skyline Realty L.L.C., Owner, and Traub Eglin Lieberman And Straus, Tenant, dated June 30, 2002.

 

·                  Standard Form of License Agreement between Skyline Realty L.L.C., Licensor, and, Traub Eglin Lieberman And Straus, Licensee, dated June 30, 2002.

·                  Change of Name Certificate dated June 5, 2007.

·                  Standard Form of License Agreement between Skyline Realty L.L.C., Licensor, and, Traub Eglin Lieberman Straus & Shrewsberry LLP, Licensee, dated September 18, 2007.

·                  First Amendment between Skyline Realty L.L.C., Owner, and Traub Lieberman Straus & Shrewsberry LLP, Tenant, dated September 18, 2007.

·                  First Amendment to Standard Form of License Agreement between Skyline Realty L.L.C., Licensor, and Traub Lieberman Straus & Shrewsberry LLP, Licensee, dated July 2, 2008.

·                  Second Amendment to Standard Form of License Agreement between Skyline Realty L.L.C., Licensor, and Traub Lieberman Straus & Shrewsberry LLP, Licensee, dated July 2, 2008.

·                  Second Amendment between Skyline Realty L.L.C., Owner, and Traub Lieberman Straus & Shrewsberry LLP, Tenant dated May 24, 2011.

·                  First Amendment to Standard Form of License Agreement between Skyline Realty L.L.C., Licensor, and Traub Lieberman Straus & Shrewsberry LLP, Licensee, dated March 25, 2015.

·                  Third Amendment between, Skyline Realty L.L.C., Owner, and Traub Lieberman Straus & Shrewsberry LLP, Tenant, dated February 29, 2016.

·                  Right of First Offer letter between Skyline Realty L.L.C., Owner and Traub Lieberman Straus & Shrewsberry LLP, Tenant, dated May 19, 2016.

 

TVC Albany, Inc. d/b/a Firstlight Fiber

 

Telecom License Agreement between Skyline Realty L.L.C., Owner, and, TVC Albany, Inc. d/b/a Firstlight Fiber, Provider, dated December 1, 2016.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Skyline Realty L.L.C., Owner, dated July 29, 2014.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Skyline Realty L.L.C., Owner, (undated).

 

8 SKYLINE DRIVE

 

Johnson Controls, Inc.

 

Standard Form of Loft Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Johnson Controls, Inc., Tenant, dated June 27, 2008.

 

·                  C&E Letter between Johnson Controls, Inc., Tenant, and Mack-Cali Mid-West Realty Associates LLC, Landlord, dated September 5, 2008.

·                  First Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Johnson Controls, Inc., Tenant, dated October 18, 2012.

·                  Second Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Johnson Controls, Inc., Tenant, dated August 9, 2018.

 

Packaging Technologies & Inspection LLC

 

Standard Form of Loft Lease between Mack-Cali Mid West Realty Associates L.L.C., Owner, and Packaging Technologies & Inspection LLC, Tenant, dated August 29, 2018.

 

·                  Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Packaging Technologies & Inspection LLC, Tenant, dated November 19, 2018.

 

222

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Mack-Cali Mid-West Realty Associates L.L.C., Owner (UNDATED).

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Mack-Cali Mid-West Realty Associates L.L.C., Owner, dated July 29, 2014.

 

10 SKYLINE DRIVE

 

Opengate, Inc.

 

Standard Form of Loft Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Opengate, Inc., Tenant, dated December 5, 2006.

 

·                  First Amendment To Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Opengate, Inc., dated November 3, 2016.

·                  Second Amendment To Lease Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Opengate, Inc., dated June 9, 2017.

·                  Third Amendment To Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Opengate, Inc., dated June 30, 2018.

·                  Fourth Amendment To Lease Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Opengate, Inc., dated September 10, 2018.

 

Verizon New York  Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Mack-Cali Mid-West Realty Associates, L.L.C., Owner, dated July 29, 2014.

 

11 SKYLINE DRIVE

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Cablevision Lightpath, Inc., Provider, dated April 24, 2003.

 

·                  Email Re: Lightpath renewal, dated April 1, 2008.

·                  Email Re: Lightpath renewal, dated March 8, 2013.

·                  First Amendment To Telecom License Agreement between Mid-Westchester Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

 

Fibertech Networks, LLC

 

License Agreement between Mid-Westchester Realty Associates L.L.C., Licensor, and Fibertech Networks, LLC, Licensee, dated August 20, 2009.

 

Level 3 Communications, LLC

 

Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Level 3 Communications, LLC, Provider, dated October 7, 2015.

 

Lightower Fiber Networks I, LLC

 

Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Light Tower Fiber Long Island LLC, Provider, dated December 6, 2013.

 

·                  Certificate of Merger of Light Tower Fiber, LLC and Light Tower Fiber Long Island, LLC Tenant dated September 17, 2014.

·                  Email detailing name change and merger of Light Tower Fiber, LLC and Light Tower Fiber Long Island, LLC Tenant dated October 3, 2014.

 

223

 

·                  Renewal Email from Chris Fischer (Crown Castle Fiber) to Nicholas Mitarotonda (Mack-Cali Realty Corporation) dated November 14, 2018.

 

TierPoint New York, LLC

 

Standard Form of Loft Lease between Robert Martin-Eastview North Company, L.P., Owner, and Cube Computer Corporation, Tenant, dated May 31, 1994.

 

·                  First Amendment between Robert Martin-Eastview North Company, L.P., Owner, and Cube Computer Corporation, Tenant, dated July 17, 1995.

·                  Guaranty of Lease between Cube Computer Corporation, Tenant, Robert Martin-Eastview North Company, L.P., Owner, and Lee Weinstein, Guarantor, dated July 21, 1995.

·                  C&E Letter between Robert Martin Company, Owner and Cube Computer Corporation, Tenant dated October 13, 1995.

·                  Second Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Cube Computer Corporation d/b/a Cube Technologies, Inc., Tenant, dated November 30, 1999.

·                  C&E Letter between Mid-Westchester Realty Associates L.L.C., Owner and Xand Corp. (formerly known as Cube Computer Corporation), Tenant, dated January 22, 2001.

·                  C&E Letter between Mid-Westchester Realty Associates, L.L.C., Owner and Xand Corporation (formerly known as Cube Computer Corp.), Tenant, dated May 8, 2001.

·                  C&E Letter between Mid-Westchester Realty Associates L.L.C., Owner and Xand Corporation (formerly known as Cube Computer Corporation), Tenant, dated October 11, 2001.

·                  Third Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Corporation (formerly known as Cube Computer Corporation d/b/a Cube Technologies, Inc.), Tenant, dated, August 29, 2002.

·                  Fourth Amendment between, Mid-Westchester Realty Associates L.L.C., Owner, and Xand Corporation (formerly known as Cube Computer Corporation d/b/a Cube Technologies, Inc.), Tenant, dated August 29, 2002

·                  Fifth Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Corporation (formerly known as Cube Computer Corporation d/b/a Cube Technologies, Inc.), Tenant, dated November 14, 2007.

·                  Landlord’s Consent and Waiver between Mid-Westchester Realty Associates LLC, Landlord, Xand Corporation, Tenant, and General Electric Capital Corporation, dated November 30, 2010.

·                  Sixth Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Corporation, Tenant, dated September 21, 2011.

·                  Assignment and Assumption of Lease Agreement between Xand Corporation, Assignor, and Xand Operations, LLC, Assignee, dated September 30, 2011.

·                  Landlord’s Waiver, Consent and Agreement between Mid-Westchester Realty Associates L.L.C., Landlord, Toronto Dominion (Texas) LLC, Administrative Agent, and Xand Operations, LLC, Tenant, dated March 23, 2012.

·                  Memorandum of Lease by and between Mid-Westchester Realty Associates L.L.C. and Xand Operations, LLC, dated March 23, 2012.

·                  Seventh Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Operations, LLC, Tenant, dated April 16, 2013.

·                  Eighth Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Operations, LLC, Tenant, dated May 29, 2013.

·                  Ninth Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Operations, LLC, Tenant, dated June 27, 2013.

·                  Certificate of Amendment to Certificate of Formation of Xand Operations, LLC to TierPoint NY, LLC, dated December 2, 2014.

·                  Certificate of Amendment to Certificate of Formation of Xand Operations, LLC to TierPoint NY, LLC, dated April 6, 2015.

 

224

 

·                  Certificate of Amendment to Application of Authority of Xand Operations, LLC to TierPoint NY, LLC, dated April 6, 2015.

·                  Email re: Amendment to DE Certificate of Formation, Xand Operations, LLC to TierPoint New York, LLC, dated September 17, 2015.

·                  Change of Address Notice for TierPoint New York, LLC, Tenant, dated July 6, 2016.

 

Verizon New York,  Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Mid-Westchester Realty Associates, L.L.C.,Owner, dated July 29, 2014.

 

12 SKYLINE DRIVE

 

All Tech Electronics, Inc.

 

Standard Form of Loft Lease between 12 Skyline Associates L.L.C., Owner, and, All Tech Electronics, Inc., Tenant, dated April 20, 2015.

 

·                  First Amendment to Lease Commencement Date Agreement between 12 Skyline Associates L.L.C., Owner, and, All Tech Electronics, Inc., Tenant, dated September 9, 2015.

 

Big Apple Collectibles Corp.

 

Standard Form of License Agreement between 12 Skyline Associates L.L.C., Licensor, and, Big Apple Collectibles Corp., Licensee, dated September 28, 2018.

 

·                  Commencement Date Agreement between 12 Skyline Associates, L.L.C., Owner, and Big Apple Collectibles Corp., Tenant, dated February 14, 2019.

 

SmartPros, Ltd.

 

Standard Form of Loft Lease between Mack-Cali Realty, L.P., Owner, and Creative Visual Enterprises, Ltd., Tenant, dated July 9, 1999.

 

·                  C&E Letter between Mack-Cali Realty, L.P., Owner and, Creative Visual Enterprises, Ltd, Tenant, dated February 17, 2000.

·                  Right of First Offer letter between Mack-Cali Realty, LP, Owner and Creative Visual Enterprises, Ltd,. Tenant, dated April 22, 2004.

·                  First Amendment between 12 Skyline Associates L.L.C., Owner, and SmartPros Ltd., Tenant, dated December 11, 2008.

·                  Consent to Merger/Change of Control between 12 Skyline Associates L.L.C., Owner and SmartPros Ltd., Tenant dated November 10, 2015.

 

Trane U.S. Inc.

 

Standard Form of Loft Lease between 12 Skyline Associates L.L.C., Owner, and Trane U.S. Inc., Tenant, dated February 15, 2013.

 

·                  Commencement Date Agreement between 12 Skyline Associates L.L.C., Owner, and, Trane U.S. Inc., Tenant, dated May 22, 2013.

·                  First Amendment to Lease between 12 Skyline Associates L.L.C., Owner, and Trane U.S. Inc., Tenant, dated June 29, 2018.

 

Verizon New York  Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and 12 Skyline Associates L.L.C., Owner, dated February 24, 2003.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and 12 Skyline Associates, L.L.C., Owner, dated July 29, 2014.

 

225

 

15 SKYLINE DRIVE

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Cablevision Lightpath - NJ, Inc. , Provider, dated August 22, 2007.

 

·                  Email Re: Cablevision Lightpath-NJ renewal dated June 29, 2012.

·                  First Amendment To Telecom License Agreement between Mid-Westchester Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and, Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

 

The City of New York - Department of Citywide Administrative Services

 

Agreement of Lease between Mid-Westchester Realty Associates L.L.C., Landlord and The City of New York, Tenant, dated June 12, 2014.

 

·                  SNDA Agreement between The County of Westchester, Prime Landlord, Mid-Westchester Realty Associates, L.L.C., Sublessor and The City of New York, Subtenant, dated June 12, 2014.

·                  C&E Letter between Mack-Cali Realty Corporation, Owner and NYC Citywide Administrative Services, Tenant, dated August 17, 2015.

 

Schmersal, Inc.

 

Standard Form of Loft Lease between Mid-Westchester Realty Associates L.L.C., Owner, and Schmersal, Inc., Tenant, dated December 1, 2015.

 

·                  First Amendment to Lease / Commencement Date Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Schmersal, Inc., Tenant, dated January 30, 2018.

·                  Second Amendment to Lease between Mid-Westchester Realty Associates L.L.C., Owner, and Schmersal, Inc., Tenant, dated April 6, 2018.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Verizon New York Inc., and Mid-Westchester Realty Associates L.L.C., Owner, (undated).

 

17 SKYLINE DRIVE

 

Lightower Fiber Networks I, LLC

 

Telecom License Agreement between Mid-Westchester Realty Associates L.L.C., Owner, and Light Tower Fiber Long Island LLC, Provider, dated September 19, 2012.

 

·                  Certificate of Merger of Light Tower Fiber LLC and Light Tower Fiber Long Island, LLC Tenant dated September 18, 2014.

·                  Email detailing name change and merger of Light Tower Fiber, LLC and Light Tower Fiber Long Island, LLC Tenant dated October 3, 2014.

·                  Email Re: Lightpath Renewal, dated August 22, 2017.

 

TierPoint New York, LLC

 

Standard Form of Office Lease between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Corporation, Tenant, dated November 14, 2007.

 

·                  First Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Corporation, Tenant, dated February 26, 2009.

·                  Second Amendment between Mid-Westchester Realty Associates L.L.C., Owner, and Xand Corporation, Tenant dated September 21, 2011.

 

226

 

·                  Assignment and Assumption of Lease Agreement between Xand Corporation, Assignor, and Xand Operations, LLC, Assignee, dated September 30, 2011.

·                  Third Amendment between, Mid-Westchester Realty Associates L.L.C., Owner, and Xand Operations, LLC, Tenant, dated June 27, 2013.

·                  Commencement Date Agreement between Mid-Westchester Realty Associates L.L.C., Owner and Xand Operations, LLC, Tenant, dated March 1, 2014.

·                  Landlord’s Waiver, Consent and Agreement between Mid-Westchester Realty Associates L.L.C., Landlord, Toronto Dominion (Texas) LLC , Administrative Agent, and Xand Operations, LLC, Tenant, dated March 23, 2012.

·                  Email re: Amendment to DE Certificate of Formation, Xand Operations, LLC to TierPoint New York, LLC, dated September 17, 2015.

·                  Certificate of Amendment to Certificate of Formation of Xand Operations, LLC to TierPoint New York, LLC, dated December 2, 2014.

 

200 SAW MILL RIVER ROAD

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and CSC Holdings, Inc., Provider, dated July 31, 2001.

 

·                  First Amendment to Telecom License Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and, CSC Holdings, Inc. and Cablevision Lightpath, Inc., collectively referred to as Provider, dated October 15, 2002.

·                  Renewal Letter between Mack-Cali Mid-West Realty, Owner, and, Optimum Lightpath, dated December 20, 2006.

·                  Email Re: Lightpath renewal, dated August 18, 2011.

·                  Second Amendment to Telecom License Agreement between Mack-Cali Mid West Realty Associates, LLC c/o Mack-Cali Realty, LP, Owner, and, Cablevision Lightpath, Inc., Provider, dated February 6, 2015.

 

Hudson Valley Automotive Parts, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Hudson Valley Automotive Parts, Inc., dated April 15, 1991.

 

·                  First Amendment between Robert Martin Company, Owner, and Hudson Valley Automotive Parts, Inc., dated March 29, 1996.

·                  Lease Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Hudson Valley Automotive Parts, Inc., Tenant, dated March 31, 2005.

·                  First Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Hudson Valley Automotive Parts, Inc., Tenant, dated November 25, 2008.

·                  Second Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Hudson Valley Automotive Parts, Inc., Tenant dated March 13, 2013.

·                  Third Amendment between, Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Hudson Valley Automotive Parts, Inc., Tenant, dated December 12, 2017.

 

KB Beverage, LLC

 

Standard Form of Loft Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and KB Beverage, LLC, Tenant, dated October 14, 2016.

 

·                  Guaranty of Lease between KB Beverage, LLC, Tenant, Mack-Cali Mid-West Realty Associates L.L.C., Owner, and North Bergen Beverage Limited Liability Company, Guarantor dated October 14, 2016.

·                  First Amendment To Lease between, Mack-Cali Mid-West Realty Associates L.L.C., Owner, and KB Beverage, LLC, Tenant, dated July 10, 2017.

 

227

 

·                  Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and, KB Beverage, LLC, Tenant, dated March 5, 2018.

 

Main Wholesale Florist, NY, LLC

 

Standard Form of Loft Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Main Wholesale Florist NY, LLC, Tenant, dated March 27, 2018

 

·                  Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and, Main Wholesale Florist, NY, LLC, Tenant, dated May 1, 2018.

 

Northeast Battery & Alternator, LLC

 

Standard Form of Loft Lease Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Northeast Battery and Alternator, Inc., Tenant, dated June 26, 2002.

 

·                  Landlord’s Waiver between Mack-Cali Mid-West Realty Associates L.L.C., Landlord, Chittenden Trust Company d/b/a Chittenden Bank and Northeast Battery and Alternator, Inc., Tenant, dated February 22, 2005.

·                  First Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and, Northeast Battery & Alternator, Inc., Tenant, dated March 29, 2010.

·                  Consent to Transfer/Deemed Assignment of Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Northeast Battery & Alternator, Inc., Tenant dated February 27, 2015.

·                  Second Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Northeast Battery & Alternator, LLC., Tenant dated April 15, 2015.

 

Pridecare, Inc.

 

Standard Form of Loft Lease Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Pridecare, Inc., Tenant, dated December 14, 2012.

 

·                  Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Pridecare, Inc., Tenant dated July 18, 2013.

·                  First Amendment to Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Pridecare, Inc., Tenant, dated March 16, 2016.

·                  Assignment of Lease between Pridecare, Inc., Assignor, and Superior Biologics NY, Inc., Assignee, dated September 28, 2018.

 

Princetel, Inc.

 

Standard Form of Loft Lease Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Princetel, Inc., Tenant, dated May 19, 2016.

 

·                  First Amendment to Lease Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Princetel, Inc., Tenant, dated May 19, 2016.

 

Superior Biologics NY, Inc.

 

Standard Form of Loft Lease Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Superior Biologics NY, Inc., Tenant, dated May 7, 2012.

 

·                  C&E Letter between Mack-Cali Mid-West Realty Associates L.L.C., Owner and Superior Biologics NY, Inc., Tenant dated June 6, 2012.

·                  Landlord’s Subordination between Mack-Cali Mid-West Realty Associates L.L.C., Landlord, Doral Healthcare Finance, a Division of Doral Money, Inc., Secured Party and Superior Biologics NY, Inc., Borrower, dated August 14, 2012.

·                  First Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Superior Biologics NY, Inc., Tenant, dated December 7, 2012.

·                  Commencement Date Agreement between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and, Superior Biologics NY, Inc., Tenant, dated April 22, 2013.

 

228

 

·                  Second Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Superior Biologics NY, Inc., Tenant, dated March 16, 2016.

·                  Landlord’s Subordination between Mack-Cali Mid-West Realty Associates L.L.C., Landlord, CIT Bank, N.A., Secured Party and Superior Biologics NY, Inc., Borrower, dated March 14, 2016.

·                  Assignment of Lease between Pridecare, Inc., Assignor, and Superior Biologics NY, Inc., Assignee, dated September 28, 2018.

·                  Third Amendment to Lease between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Superior Biologics NY, Inc., Tenant, dated January 16, 2019.

 

Viro Dynamics Corporation

 

Standard Form of Loft Lease between RM Mid-West Realty Associates, Owner, and Viro Dynamics Corporation, Tenant, dated August 18, 1998.

 

·                  C&E Letter between RM Mid-West Realty Associates, Owner, and Viro Dynamics Corp., Tenant, dated October 28, 1998.

·                  First Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Viro Dynamics Corporation, Tenant, dated March 31, 2003.

·                  Second Amendment between Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Viro Dynamics Corporation, Tenant dated May 19, 2008.

·                  Third Amendment between, Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Viro Dynamics Corporation, Tenant, dated March 26, 2013.

·                  Fourth Amendment between, Mack-Cali Mid-West Realty Associates L.L.C., Owner, and Viro Dynamics Corporation, Tenant, dated July 3, 2018.

 

1 EXECUTIVE BOULEVARD

 

AVR Realty Co.

 

Standard Form of Office Lease between Robert Martin Company, Owner, and AVR Realty Company, Tenant, dated July 31, 1991.

 

·                  C&E Letter between Robert Martin Company, Owner, and AVR Realty Company, Tenant, dated March 4, 1992.

·                  First Amendment (to Lease Agreement) between Robert Martin Company, Owner, and AVR Realty Company, Tenant, dated April 22, 1993.

·                  Second Amendment (to Lease Agreement) between Robert Martin Company, Owner, and AVR Realty Company, Tenant, dated June 30, 1994.

·                  Third Amendment (to Lease Agreement) between Robert Martin Company, Owner, and AVR Realty Company, Tenant, dated July 12, 1995.

·                  Standard Form of License Agreement between Robert Martin Company, Licensor, and AVR Realty Company, Licensee, dated July 12, 1995.

·                  First Amendment (to License Agreement) between RM So. West Realty Associates, Licensor, and AVR Realty Company, Licensee, dated July 16, 1997.

·                  Fourth Amendment (to Lease Agreement) between RM So. West Realty Associates, Owner, and AVR Realty Company, Tenant, dated July 16, 1997.

·                  Fifth Amendment (to Lease Agreement) between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, Tenant, dated March 27, 2000.

·                  Second Amendment (to License Agreement) between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, Tenant, dated March 27, 2000.

·                  C&E Letter between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, Tenant, dated September 7, 2000.

·                  Third Amendment (to License Agreement) between Mack-Cali So. West Realty Associates L.L.C., Licensor, and AVR Realty Company, Licensee, dated December 22, 2004.

 

229

 

·                  Sixth Amendment (to Lease) between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, Tenant, dated December 22, 2004.

·                  C&E Letter between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, Tenant, dated April 25, 2005.

·                  Fourth Amendment (to License Agreement) between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, LLC (formerly known as AVR Realty Company) Tenant dated February 25, 2010.

·                  Seventh Amendment (to Lease) between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, LLC (formerly known as AVR Realty Company), Tenant, dated February 25, 2010.

·                  Eighth Amendment (to Lease) between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, LLC (formerly known as AVR Realty Company), Tenant, dated April 2, 2015.

·                  Fifth Amendment (to License Agreement) between Mack-Cali So. West Realty Associates L.L.C., Owner, and AVR Realty Company, LLC (formerly known as AVR Realty Company),  Tenant, dated April 2, 2015.

 

The Bronx-Lebanon Hospital Center

 

Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and The Bronx- Lebanon Hospital Center, Tenant, dated September 26, 2007.

 

·                  C&E Letter between Mack-Cali So. West Realty Associates L.L.C., Owner/Landlord, and The Bronx-Lebanon Hospital Center, Tenant, dated October 5, 2007.

·                  License Agreement between Mack-Cali So. West Realty Associates L.L.C., Licensor, and The Bronx- Lebanon Hospital Center, Licensee, dated June 22, 2010.

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and The Bronx- Lebanon Hospital Center, Tenant, dated June 21, 2011.

·                  Second Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and The Bronx- Lebanon Hospital Center, Tenant, dated December 3, 2012.

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Landlord, and The Bronx- Lebanon Hospital Center, Tenant, dated June 1, 2013.

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Licensor, and The Bronx- Lebanon Hospital Center, Licensee, dated November 7, 2017.

 

Cablevision Lightpath Inc. - fka - Systems of Westchester

 

Telecom License Agreement between Mack-Cali South West Realty Associates L.L.C., Owner, and Cablevision Systems Westchester, Corp. Provider dated July 31, 2001.

 

·                  Amendment to Telecom License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, Cablevision Systems Westchester Corporation and Cablevision Lightpath, Inc., collectively the Provider, dated October 15, 2002.

·                  Renewal Letter between South Westchester Realty Associates L.L.C. and Optimum Lightpath dated December 15, 2006.

·                  Renewal Email from Optimum Lightpath to Mack-Cali Realty Corporation, dated September 20, 2011.

·                  Second Amendment to Telecom License Agreement between Mack-Cali South West Realty Associates, LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

Capriquarious Enterprises Inc.

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc. d//b/a Take Away Café, Licensee, dated April 7, 2006.

 

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc. d//b/a Take Away Café, Licensee, dated April 29, 2011.

 

230

 

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Capriquarious Enterprises, Inc. d//b/a Take Away Café, Licensee, dated February 16, 2012.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee, dated January 17, 2013.

·                  Fourth Amendment between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee, dated January 31, 2014.

·                  Fifth Amendment between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee, dated December 20, 2017.

·                  Memorandum between Mack-Cali So. West Realty Associates, L.L.C., Licensor, and Capriquarious Enterprises Inc., Licensee, dated December 28, 2017.

 

JSK Construction Corp.

 

Standard Form of Office Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and JSK Construction Corp., Tenant, dated August 19, 2004.

 

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and JSK Construction Corp., Tenant, dated March 27, 2009.

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and JSK Construction Corp., Tenant, dated February 12, 2010.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and JSK Construction Corp., Tenant, dated March 11, 2011.

·                  Fourth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and JSK Construction Corp., Tenant, dated August 7, 2013.

·                  Fifth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and JSK Construction Corp., Tenant, dated September 3, 2014.

·                  Standard Form of License Agreement between Mack-Cali So. West Realty Associates L.L.C., Licensor, and JSK Construction Corp., Licensee, dated September 3, 2014.

·                  Sixth Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and JSK Construction Corp., Tenant, dated May 1, 2018.

·                  First Amendment to License Agreement between Mack-Cali So. West Realty Associates L.L.C., Licensor, and JSK Construction Corp., Licensee, dated May 1, 2018.

 

Judlau Contracting, Inc. and TC Electric, LLC d/b/a Judlau TC Joint Venture

 

Short Form Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Judlau Contracting, Inc. and TC Electric, LLC d/b/a Judlau TC Joint Venture, Tenant, dated June 21, 2018.

 

Montefiore Medical Center

 

Short Form Lease between Mack-Cali So. West Realty Associates L.L.C, Landlord, and Montefiore Medical Center, Tenant, dated July 17, 2017.

 

Montefiore Medical Center - Conduit

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., So. Westchester Realty Associates L.L.C., and 3 Odell Realty L.L.C., collectively the Owner, and Montefiore Medical Center, Tenant, dated May 22, 2012.

 

·                  First Amendment to License between Mack-Cali So. West Realty Associates L.L.C., So. Westchester Realty Associates L.L.C., and 3 Odell Realty L.L.C., collectively the Owner, and Montefiore Medical Center, Tenant, dated January 9, 2014.

·                  Easement Agreement between Robert Martin Company, LLC, Grantor, and Mack-Cali So. West Realty Associates L.L.C., So. Westchester Realty Associates L.L.C. and 3 Odell Realty L.L.C. and South-West Maintenance Corp., collectively, Grantee, dated December 2003

 

231

 

OneMain Financial, Inc.

 

Lease between Mack-Cali So. West Realty Associates L.L.C., Lessor and OneMain Financial, Inc., Lessee dated February 25, 2014.

 

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Lessor and OneMain Financial, Inc., Lessee dated April 9, 2014.

·                  Assignment and Assumption Agreement between OneMain Financial, Inc., Tenant, and OneMain Financial Group, LLC, Assignee dated September 2, 2015.

·                  Notice of Change of Control Letter between Independence Holdings, LLC and OneMain Financial Holdings, LLC dated November 20, 2015.

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Lessor and OneMain Financial Group, LLC, Lessee dated February 1, 2018.

 

Pauline M Galvin, Kevin D. McLoone, Stephen V. Rubeo

 

Short Form Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Pauline M. Galvin, Kevin D. McLoone, Stephen V. Rubeo, Tenant, dated June 10, 2009.

 

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Pauline M. Galvin, Kevin D. McLoone, and Stephen V. Rubeo, Tenant, dated July 31, 2009.

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Pauline M. Galvin, Kevin D. McLoone, and Stephen V. Rubeo, Tenant, dated December 30, 2013.

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Pauline M. Galvin, Kevin D. McLoone, and Stephen V. Rubeo, Tenant, dated July 14, 2014.

 

PHC Services, LTD.

 

Standard Form of License Agreement between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated July 25, 2011.

 

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated October 26, 2011.

 

Premier Home Health Services, Inc. - fka - PHC Services, LTD.

 

Standard Form of Office Lease between RM So. West Realty Associates, Owner, and PHC Services, LTD., Tenant, dated December 14, 1998.

 

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and PHC Services, LTD., Tenant, dated August 12, 2003.

·                  Standard Form of License Agreement between Mack-Cali So. West Realty Associates LLC, Licensor, and PHC Services, LTD., Licensee, dated May 1, 2004.

·                  First Amendment to License Agreement dated May 1, 2004 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated January 20, 2005.

·                  Standard Form of License Agreement between Mack-Cali So. West Realty Associates LLC, Licensor, and PHC Services, LTD., Licensee, dated May 1, 2005.

·                  First Amendment to License Agreement dated May 1, 2005 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated January 9, 2006.

·                  Second Amendment to License Agreement dated May 1, 2005 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated November 2, 2006.

·                  Second Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and PHC Services, LTD, Tenant, dated December 19, 2006.

·                  C&E Letter between Mack-Cali So. West Realty Associates L.L.C., Owner/Landlord, and PHC Services, LTD, Tenant, dated June 22, 2007.

·                  Third Amendment to License Agreement dated May 1, 2005 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated September 24, 2007.

·                  Fourth Amendment to License Agreement dated May 1, 2005 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated November 6, 2008.

 

232

 

·                  Fifth Amendment to License Agreement dated May 1, 2005 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated January 20, 2010.

·                  Sixth Amendment to License Agreement dated May 1, 2005 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated October 26, 2011.

·                  Third Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and PHC Services, LTD., Tenant, dated December 3, 2012.

·                  Seventh Amendment to License Agreement dated May 1, 2005 between Mack-Cali So. West Realty Associates L.L.C., Licensor, and PHC Services, LTD., Licensee, dated December 27, 2012.

·                  Fourth Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Premier Home Health Care Services, Inc., Tenant, dated April 5, 2016.

 

Progressive Casualty Insurance Company (12,520 sf)

 

Standard Form of Office Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated June 30, 2003.

 

·                  Commencement Date Letter between Mack-Cali So. West Realty Associates L.L.C., Owner/Landlord, and Progressive Casualty Insurance Company, Tenant, dated October 28, 2003.

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated January 19, 2006.

·                  C&E Letter between Progressive Casualty Insurance Company, Tenant, and Mack-Cali So. West Realty Associates L.L.C., Owner/Landlord, dated October 18, 2006.

·                  Option to Terminate Letter between Mack-Cali So. West Realty Associates, L.L.C., Owner and Progressive Casualty Insurance Company, Tenant dated February 27, 2009.

·                  Option to Terminate Letter between Mack-Cali So. West Realty Associates, L.L.C., Owner and Progressive Casualty Insurance Company, Tenant dated March 24, 2009.

·                  Option to Terminate Letter between Mack-Cali So. West Realty Associates, L.L.C., Owner and Progressive Casualty Insurance Company, Tenant dated April 28, 2009.

·                  Second Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated June 15, 2009.

·                  Third Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated June 27, 2014.

·                  Right of First Offer Letter between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated March 30, 2016.

 

Progressive Casualty Insurance Company (6,512 sf)

 

Standard Form of Office Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated June 30, 2003.

 

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated January 20, 2006.

·                  Option to Terminate Letter between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated March 24, 2009.

·                  Option to Terminate Letter between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated April 28, 2009.

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated June 15, 2009.

·                  Third Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated June 27, 2014.

·                  Fourth Amendment to Lease / Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Progressive Casualty Insurance Company, Tenant, dated November 24, 2014

 

233

 

Razor Rank, LLC

 

Short Form Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Razor Rank, LLC, Tenant, dated June 26, 2017.

 

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Razor Rank, LLC, Tenant, dated October 27, 2017.

 

Robert Martin Company, LLC

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Robert Martin Company, LLC, Licensee, dated August 20, 2005.

 

S.P. Cooper & Company, LLP

 

Standard Form of Office Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and S.P. Cooper & Company, LLP, Tenant, dated August 16, 2000.

 

·                  Commencement Date Letter between Mack-Cali So. West Realty Associates L.L.C., Owner/Landlord, and S.P. Cooper & Company, LLP, Tenant, dated October 3, 2000.

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and S.P. Cooper & Company, LLP, Tenant, dated May 15, 2007.

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and S.P. Cooper & Company, LLP, Tenant, dated March 5, 2012.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and S.P. Cooper & Company, LLP, Tenant, dated May 18, 2015.

·                  Fourth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and S.P. Cooper & Company, LLP, Tenant, dated November 7, 2016.

 

Sterling National Bank - fka - City and Suburban Savings Bank

 

Standard Form of Office Lease between RM So. West Realty Associates, Owner, and City & Suburban Federal Savings Bank, Tenant, dated April 10, 1998.

 

·                  Commencement Date Letter between RM So. West Realty Associates, Owner, and City & Suburban Federal Savings Bank, Tenant, dated June 30, 1998.

·                  First Amendment between Mack-Cali So. West Realty Associates, L.L.C., Owner, and City & Suburban Federal Savings Bank, Tenant, dated November 8, 2002.

·                  Assignment of Lease between City & Suburban Federal Savings Bank, Assignor, and Sterling National Bank, Assignee, dated February 13, 2004.

·                  Lease Extension Letter from Sterling National Bank, Tenant, to Mack-Cali So. West Realty Associates LLC, Owner, dated June 28, 2007.

·                  Second Amendment between Mack-Cali So. West Realty Associates, L.L.C., Owner, and Sterling National Bank, Tenant, dated September 21, 2007.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Sterling National Bank, Tenant, dated July 10, 2012.

·                  Fourth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Sterling National Bank, Tenant, dated June 30, 2018.

·                  Fifth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Sterling National Bank, Tenant, dated November 9, 2018.

 

The Trustees of Columbia University in the City of New York

 

Short Form Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and The Trustees of Columbia University in the City of New York, Tenant, dated November 21, 2008.

 

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates, L.L.C., Landlord, and The Trustees of Columbia University in the City of New York, Tenant, dated June 9, 2009.

·                  Additional Space Letter between Mack-Cali So. West Realty Associates L.L.C., Landlord, and The Trustees of Columbia University in the City of New York, Tenant, dated June 8, 2010.

 

234

 

·                  Renewal Option Exercise Letter between Mack-Cali So. West Realty Associates L.L.C., Landlord, and The Trustees of Columbia University in the City of New York, Tenant, dated January 29, 2019.

 

United Parcel Service, Inc.

 

United Parcel Service Drop Box Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and United Parcel Services, Inc., UPS dated July 18, 2012.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Verizon New York Inc. dated July 29, 2008.

 

·                  Grant of Easement between Mack-Cali So. West Realty Associates L.L.C., Grantor, to Verizon New York Inc., Grantee, dated January 4, 2016.

 

Westchester Jewish Community Services, Inc.

 

Short Form Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Westchester Jewish Community Services, Inc., Tenant, dated October 13, 2015.

 

·                  First Amendment To Lease Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Westchester Jewish Community Services, Inc., Tenant, dated November 12, 2015.

·                  Second Amendment To Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Westchester Jewish Community Services, Inc., Tenant, dated September 11, 2017.

 

Yonkers Teachers Federal Credit Union

 

Short Form Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Yonkers Teachers Federal Credit Union, Tenant, dated May 2, 2012.

 

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Yonkers Teachers Federal Credit Union, Tenant, dated July 30, 2012.

·                  First Amendment To Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Yonkers Teachers Federal Credit Union, Tenant, dated October 23, 2012.

·                  Second Amendment To Lease between Mack-Cali So. West Realty Associates L.L.C., Landlord, and Yonkers Teachers Federal Credit Union, Tenant, dated October 26, 2015.

 

1 ODELL PLAZA

 

1020 Broadway, LLC

 

Access License Agreement between SO Westchester Realty Associates L.L.C., Licensor, and 1020 Broadway, LLC, Licensee, dated October 3, 2003

 

Applied Behavior Analysis Corp. d/b/a Fred S. Keller School

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Applied Behavior Analysis Corporation, a/k/a Fred S. Keller School, Tenant, dated July 30, 1993.

 

·                  C&E Letter between Robert Martin Company, Owner, and Applied Behavior Analysis Corp. d/b/a Fred S. Keller School, Tenant, dated September 29, 1993.

·                  First Amendment between So. Westchester Realty Associates L.P., Owner, and Applied Behavior Analysis Corporation a/k/a Fred S. Keller School, Tenant, dated September 15, 1998.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corporation a/k/a Fred S. Keller School, Tenant, dated June 13, 2002.

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corporation d/b/a Fred S. Keller School, Tenant, dated May 21, 2003.

·                  Fourth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corporation d/b/a Fred S. Keller School, Tenant, dated February 18, 2005.

 

235

 

·                  Fifth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corporation d/b/a Fred S. Keller School, Tenant, dated February 3, 2006.

·                  Sixth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corporation d/b/a Fred S. Keller School, Tenant, dated June 15, 2006.

·                  Seventh Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corporation d/b/a Fred S. Keller School, Tenant, dated March 31, 2009.

·                  Eighth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corp. d/b/a Fred S. Keller School, Tenant, dated June 11, 2012.

·                  Landlord’s Subordination between So. Westchester Realty Associates L.L.C., Landlord, Applied Behavior Analysis Corp (d/b/a Fred S. Keller School), Borrower, and CMS Bank, Secured Party dated December 13, 2012.

·                  Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corporation (d/b/a Fred S. Keller School), Tenant, dated October 11, 2013.

·                  Ninth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Applied Behavior Analysis Corp. d/b/a Fred S. Keller School, Tenant, dated September 20, 2017.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between South Westchester Realty Associates L.L.C., Owner, and Cablevision Systems Westchester, Corp., Provider, dated July 31, 2001.

 

·                  Amendment To Telecom License Agreement between So. Westchester Realty Associates L.L.C., Owner, Cablevision Systems Westchester Corporation, and Cablevision Lightpath, Inc. (collectively referred to as Provider), dated October 15, 2002.

·                  Renewal Letter between South Westchester Realty Associates L.L.C., Owner, and Optimum Lightpath, dated December 15, 2006.

·                  Renewal Email between Mack-Cali Realty, L.P. and Optimum Lightpath, dated August 18, 2011.

·                  Second Amendment To Telecom License Agreement between South Westchester Realty Associates LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc. (collectively referred to as Provider), dated February 6, 2015.

 

Chiara, LLC

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Chiara LLC, Tenant, dated February 24, 2010.

 

·                  Landlord’s Subordination Agreement between So. Westchester Realty Associates L.L.C., Landlord, Chiara LLC, Borrower, and Macrolease Corporation, Secured Party, dated May 25, 2010.

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, and Chiara LLC, Tenant, dated August 24, 2010.

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, Chiara LLC, Tenant, and Anthony Tarricone, Guarantor, dated May 2, 2012.

·                  Second Limited Guaranty of Lease between So. Westchester Realty Associates L.L.C., Owner, Chiara, LLC, Tenant, and Anthony Tarricone, Guarantor, dated May 2, 2012.

 

Crestwood Technology Group Corp.

 

Standard Form of Loft Lease between So. West Realty Associates L.L.C., Owner, and Crestwood Technology Group Corp., Tenant, dated April 20, 2005.

 

·                  C&E Letter between So. West Realty Associates L.L.C., Owner, and Crestwood Technology Group, Tenant, dated December 20, 2005.

·                  First Amendment between So. West Realty Associates L.L.C., Owner, and Crestwood Technology Group Corp., Tenant, dated July 31, 2009.

·                  Second Amendment between So. Westchester Realty Associates L.L.C. (previously incorrectly referred to as So. West Realty Associates L.L.C.), Owner, and Crestwood Technology Group Corp., Tenant, dated March 30, 2011.

 

236

 

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Crestwood Technology Group Corp., Tenant, dated June 28, 2012.

·                  Fourth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Crestwood Technology Group Corp., Tenant, dated May 13, 2015.

·                  Fifth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Crestwood Technology Group Corp., Tenant, dated July 7, 2015.

·                  Landlord’s Subordination by and between Crestwood Technology Group Corp., Borrower, Wells Fargo Bank, National Association, Secured Party, and So. Westchester Realty Associates L.L.C., Landlord, dated February 11, 2019.

 

Ecker Window Corp.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Ecker Window Corp., Tenant, dated April 5, 1999.

 

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Ecker Window Corp., Tenant, dated June 30, 2005.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Ecker Window Corp., Tenant, dated February 23, 2012.

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Ecker Window Corp., Tenant, dated December 12, 2017.

 

Otis Elevator Company

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Otis Elevator Company, Tenant, dated July 6, 2009.

 

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, and Otis Elevator Company, Tenant, dated August 27, 2009.

 

Scent2Market Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Scent2Market Inc., Tenant, dated December 19, 2013.

 

·                  Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and,  Scent2Market Inc., Tenant, dated June 24, 2014.

 

Scott E. Newman, M.D., P.C.

 

Standard Form of Loft Lease between So. Westchester Realty Associates, L.L.C., Owner, and Scott E. Newman, M.D., P.C., Tenant, dated November 2, 2001.

 

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Scott E. Newman, M.D., P.C., Tenant, dated November 30, 2001.

·                  Guaranty of Lease between Scott E. Newman, M.D., P.C., Tenant, Scott E. Newman, Guarantor, and So. Westchester Realty Associates L.L.C., Owner, and, dated December 4, 2001.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Scott E. Newman, M.D., P.C., Tenant, dated January 18, 2012.

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Scott E. Newman, M.D., P.C., Tenant, dated October 4, 2017.

·                  Fourth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Scott E. Newman, M.D., P.C., Tenant, dated August 22, 2018.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between So. Westchester Realty Associates L.L.C., Owner, and Verizon New York Inc., dated July 29, 2008.

 

237

 

Westchester Jewish Community Services, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Westchester Jewish Community Services, Inc., Tenant, dated August 2, 2007

 

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, and Westchester Jewish Community Services, Inc., Tenant, dated October 5, 2007.

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Westchester Jewish Community Services, Inc., Tenant, dated June 4, 2012.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Westchester Jewish Community Services, Inc., Tenant, dated September 11, 2017.

 

Wireless Innovations North America, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Wireless Innovations of N.A., Inc., Tenant, dated March 31, 2003.

 

·                  First Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and Wireless Innovations North America, Inc. (formerly incorrectly referred to as Wireless Innovations of N.A., Inc.), Tenant, dated March 14, 2007.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, (incorrectly referred to as Mack-Cali CW Realty Associates L.L.C. in the First Amendment), and Wireless Innovations North America, Inc., Tenant, dated March 10, 2008.

·                  Third Amendment to Lease between So. Westchester Realty Associates L.L.C., Owner, and Wireless Innovations North America Inc., Tenant, dated September 28, 2012.

·                  Fourth Amendment to Lease between So. Westchester Realty Associates L.L.C., Owner, and Wireless Innovations North America, Inc., Tenant, dated August 4, 2017.

 

100 CORPORATE BOULEVARD

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mack-Cali South West Realty Associates L.L.C., Owner, and Cablevision Systems Westchester Corp., Provider dated July 31, 2001.

 

·                  Amendment to Telecom License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, Cablevision Systems Westchester Corporation, and Cablevision Lightpath, Inc., (collectively referred to as Provider), dated October 15, 2002.

·                  Renewal Letter between South Westchester Realty Associates L.L.C., Owner, and Optimum Lightpath, dated December 15, 2006.

·                  Renewal Email between Optimum Lightpath and Mack-Cali Realty Corporation dated August 18, 2011.

·                  Second Amendment to Telecom License Agreement between Mack-Cali South West Realty Associates, LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

Freepoint Commodities LLC

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner and Freepoint Commodities LLC, Tenant dated December 6, 2018.

 

Jac Vandenberg, Inc.

 

Lease between The Bank of New York and Jac Vandenberg, Inc., Tenant, dated June 18, 1993.

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Jac Vandenberg, Inc., Tenant, dated June 21, 1993.

 

·                  C&E Letter between Robert Martin Company, Owner, and Jac Vandenberg, Inc., Tenant, dated October 30, 1993.

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Jac Vandenberg, Inc., Tenant, dated June 1, 2000.

 

238

 

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Jac Vandenberg, Inc., Tenant, dated August 29, 2000.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Jac Vandenberg, Inc., Tenant, dated November 29, 2005.

·                  Fourth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Jac Vandenberg, Inc., Tenant, dated March 31, 2011.

·                  Fifth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Jac Vandenberg, Inc., Tenant, dated March 24, 2015.

 

Level 3 Communications LLC

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Level 3 Communications, LLC, Provider dated April 29, 2016.

 

Montefiore Medical Center

 

Standard Form of License Agreement between Mack-Cali So. West Realty Associates L.L.C., Licensor, and Montefiore Medical Center, Licensee, dated September 26, 2006.

 

Montefiore Medical Center (Conduit / License Agreement)

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C. and So. Westchester Realty Associates L.L.C. and 3 Odell Realty L.L.C., Owner, and Montefiore Medical Center., Tenant, dated May 22, 2012.

 

·                  First Amendment to License between Mack-Cali So. West Realty Associates L.L.C. and So. Westchester Realty Associates L.L.C. and 3 Odell Realty L.L.C., Owner, and Montefiore Medical Center., Tenant, dated January 9, 2014.

·                  Second Amendment to License Agreement between Mack-Cali So. West Realty Associates L.L.C. and So. Westchester Realty Associates L.L.C. and 3 Odell Realty L.L.C., Owner, and Montefiore Medical Center, Tenant, dated July 17, 2017.

 

Montefiore Medical Center

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated July 17, 2017.

 

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated September 19, 2018.

 

Sempra Energy Trading Corp.

 

Standard Form of Loft Lease between RM So. West Realty Associates, Owner, and Sempra Energy Trading Corp., Tenant, dated December 15, 1998.

 

·                  C&E Letter between Mack-Cali So. West Realty Associates L.L.C., Owner, and Sempra Energy Trading Corp., Tenant, dated January 25, 1999.

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Sempra Energy Trading Corp., Tenant, dated September 29, 2005.

·                  Consent to Sublet between Mack-Cali So. West Realty Associates L.L.C., Owner, and Sempra Energy Trading, LLC, Tenant, and Freepoint Commodities LLC, Subtenant, dated April 30, 2012.

·                  Sublease Agreement between Sempra Energy Trading LLC (f/k/a Sempra Energy Trading Corp.), Sublandlord, and Freepoint Commodities LLC, Subtenant, dated April 30, 2012.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Verizon New York Inc., dated July 29, 2008.

 

239

 

2 EXECUTIVE PLAZA

 

CSC Holdings Inc.

 

Cable Access Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and CSC Holdings Inc., Provider, dated November 12, 2008.

 

EB Apple, LLC

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and EB Apple, LLC, Tenant, dated June 17, 2010.

 

·                  Franchise Rider between Mack-Cali So. West Realty Associates L.L.C., Owner, and EB Apple, LLC, Franchisee dated June 17, 2010.

·                  Guaranty of Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, EB Apple, LLC, Tenant, and Zane Tankel and Roy Raeburn, collectively the Guarantor, dated June 11, 2010.

·                  Form of Memorandum of Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and EB Apple, LLC, Tenant, dated June 17, 2010.

·                  Estoppel Certificate to Leasehold Mortgage between Mack-Cali So. West Realty Associates L.L.C., Owner, and EB Apple, LLC, Tenant, dated July 1, 2010.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Verizon New York Inc., dated July 29, 2008.

 

200 CORPORATE BOULEVARD

 

Bruno Wessel, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Bruno Wessel, Inc., Tenant, dated March 29, 2017.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between South Westchester Realty Associates L.L.C., Owner, and Cablevision Systems Westchester, Corp., Provider dated July 31, 2001.

 

·                  Amendment to Telecom License Agreement between So. Westchester Realty Associates L.L.C., Owner, and Cablevision Systems Westchester Corporation and Cablevision Lightpath, Inc., collectively the Provider, dated October 15, 2002.

·                  Renewal Letter between Optimum Lightpath and South Westchester Realty Associates L.L.C dated December 15, 2006.

·                  Renewal Email between Optimum Lightpath and Mack-Cali Realty Corporation dated August 18, 2011.

·                  Second Amendment to Telecom License Agreement between South Westchester Realty Associates, LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

KVL Audio Visual Services, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and KVL Audio Visual Services, Inc. dated July 19, 2016.

 

·                  Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and KVL Audio Visual Services, Inc., Tenant, dated August 9, 2017.

·                  Landlord’s Subordination between KVL Audio Visual Services, Inc., Borrower, ACF Finco I LP, Secured Party and So. Westchester Realty Associates L.L.C., Landlord dated September 18, 2017.

 

240

 

Montefiore Medical Center (Conduit / License Agreement)

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., and So. Westchester Realty Associates L.L.C. and 3 Odell Realty L.L.C., collectively Owner, and Montefiore Medical Center, Tenant, dated May 22, 2012.

 

Montefiore Medical Center

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated July 17, 2017.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between So. Westchester Realty Associates L.L.C., Owner, and Verizon New York Inc. dated July 29, 2008.

 

Werner Krebs, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Werner Krebs, Inc., Tenant, dated March 15, 1996.

 

·                  Memorandum regarding Use Clause in Lease between Mack-Cali So. Westchester Realty Associates L.L.C., Owner, and Werner Krebs, Inc., Tenant, dated April 10, 1996.

·                  First Amendment between So. Westchester Realty Associates L.P., Owner, and Werner Krebs, Inc., Tenant, dated October 9, 1997.

·                  C&E Letter between RM So. West Realty Associates, Owner, and Werner Krebs, Inc., Tenant, dated March 27, 1998.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Werner Krebs, Inc., Tenant, dated September 20, 2001.

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Werner Krebs, Inc., Tenant, dated April 20, 2005.

·                  Fourth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Werner Krebs, Inc., Tenant, dated December 31, 2009.

·                  Fifth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Werner Krebs Inc., Tenant, dated November 21, 2014.

·                  Sixth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Werner Krebs Inc., Tenant, dated April 12, 2016.

 

3 EXECUTIVE BOULEVARD

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between South Westchester Realty Associates L.L.C., Owner, and Cablevision Systems Westchester, Corp., Provider dated July 31, 2001.

 

·                  Amendment to Telecom License Agreement between So. Westchester Realty Associates L.L.C., Owner, and Cablevision Systems Westchester Corporation, and Cablevision Lightpath, Inc., collectively Provider, dated October 15, 2002.

·                  Renewal Letter between Optimum Lightpath and South Westchester Realty Associates L.L.C. dated December 15, 2006.

·                  Renewal Email between Mack-Cali Realty Corporation and Optimum Lightpath dated September 20, 2011.

·                  Second Amendment to Telecom License Agreement between South Westchester Realty Associates, LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

241

 

Montefiore Medical Center (Conduit / License Agreement)

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., and So. Westchester Realty Associates L.L.C. and 3 Odell Realty L.L.C., Owner, and Montefiore Medical Center, Tenant, dated May 22, 2012.

 

Montefiore Medical Center

 

Short Form Lease between So. Westchester Realty Associates L.L.C., Landlord, and Montefiore Medical Center, Tenant, dated July 17, 2017.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between So. Westchester Realty Associates L.L.C., Owner, and Verizon New York Inc. dated July 29, 2008.

 

3 ODELL PLAZA

 

Montefiore Medical Center (Conduit / License Agreement)

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., and So. Westchester Realty Associates L.L.C and 3 Odell Realty L.L.C., collectively Owner, and Montefiore Medical Center, Tenant, dated May 22, 2012.

 

Montefiore Medical Center

 

Short Form Lease between 3 Odell Realty L.L.C., Landlord, and Montefiore Medical Center, Tenant, dated July 17, 2017.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between 3 Odell Realty L.L.C., Owner, and Verizon New York Inc. dated July 29, 2008.

 

4 EXECUTIVE PLAZA

 

Advantage Waypoint LLC

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Grant Hanson Associates, Inc., Tenant, dated February 21, 2006.

 

·                  Assignment of Lease between Grant Hanson Associates, Inc., Assignor, Apex Foodservice Group, LLC, Assignee, and Mack-Cali So. West Realty Associates L.L.C., Owner dated April 1, 2010.

·                  Consent to Assignment of Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, Grant Hanson Associates, Inc., Tenant, and Apex Foodservice Group, LLC, Assignee, dated April 12, 2010.

·                  Assignment and Assumption of Lease and Consent between Advantage Waypoint LLC, Assignee, Apex Foodservice Group, LLC, Assignor, and Mack-Cali So West Realty Associates LLC, Lessor, effective close of business December 12, 2011.

·                  Fourth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Advantage Waypoint LLC (successor-in-interest to Apex Foodservice Group, LLC), Tenant, dated June 14, 2013.

·                  Fifth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Advantage Waypoint LLC (successor-in-interest to Apex Foodservice Group, LLC), Tenant, dated July 29, 2016.

·                  Sixth Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Advantage Waypoint LLC (successor-in-interest to Apex Foodservice Group, LLC), Tenant, dated August 28, 2017.

 

Cablevision Lightpath, Inc.

 

Telecom License Agreement between Mack-Cali South West Realty Associates L.L.C., Owner, and Cablevision Systems Westchester, Corp., Provider dated July 31, 2001.

 

242

 

·                  Amendment to Telecom License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Cablevision Systems Westchester Corporation, and Cablevision Lightpath, Inc., collectively the Provider, dated October 15, 2002.

·                  Renewal Email between Optimum Lightpath and Mack-Cali Realty Corporation, dated March 6, 2007.

·                  Renewal Email between Optimum Lightpath and Mack-Cali Realty Corporation dated September 16, 2011.

·                  Second Amendment to Telecom License Agreement between Mack-Cali South West Realty Associates, LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

F And M Equipment, LTD.

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Edward Ehrbar, Inc., Tenant, dated July 29, 2005.

 

·                  C&E Letter between Mack-Cali So. West Realty Associates L.L.C., Owner/Landlord, and Edward Ehrbar, Inc., Tenant, dated February 23, 2006.

·                  Right of First Offer Letter between Mack-Cali So. Westchester Realty Associates L.L.C., and Edward Ehrbar, Inc. dated April 12, 2006.

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, Edward Ehrbar, Inc., Tenant, dated May 26, 2006.

·                  Landlord’s Subordination between Edward Ehrbar, Inc., Borrower, PNC Bank National Association, Secured Party, and Mack-Cali So. West Realty Associates L.L.C., Landlord, dated June 28, 2012.

·                  Assignment and Assumption of Lease between Edward Ehrbar, Inc., Assignor, and F and M Equipment, LTD., Assignee, and Mack-Cali So. West Realty Associates, LLC, Owner, dated July 31, 2014.

·                  Consent to Assignment of Lease between Mack-Cali So. West Realty Associates, LLC, Owner, Edward Ehrbar, Inc., Tenant, or Assignor, and F&M Equipment, LTD., Assignee dated July 31, 2014.

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, F and M Equipment, LTD., Tenant, dated September 30, 2015.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, F and M Equipment, LTD., Tenant, dated September 30, 2018.

 

Hil-Rom Company, Inc.

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Hil-Rom Company, Inc., Tenant, dated July 20, 2006.

 

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Hil-Rom Company, Inc., Tenant, dated November 4, 2011.

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Hil-Rom Company, Inc., Tenant, dated July 11, 2018.

 

Hi-Tech Cleaning Services, Inc.

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Hi-Tech Cleaning Services, Inc., Tenant, dated September 21, 2010.

 

·                  C&E Letter between Mack-Cali So. West Realty Associates L.L.C., Owner/Landlord, and Hi-Tech Cleaning Services, Inc., Tenant, dated November 3, 2010.

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Hi-Tech Cleaning Services, Inc., Tenant, dated March 15, 2013.

·                  Second Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Hi-Tech Cleaning Services, Inc., Tenant, dated March 31, 2015.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and Hi-Tech Cleaning Services, Inc., Tenant, dated September 26, 2017.

 

243

 

J.G.B. Health Facilities Corporation

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner and J.G.B. Health Facilities Corporation, Tenant, dated April 17, 2008.

 

·                  First Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and J.G.B. Health Facilities Corporation, Tenant, dated May 27, 2010.

·                  Second Amendment / Surrender and Acceptance Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and J.G.B. Health Facilities Corporation, Tenant, dated June 6, 2017.

·                  Third Amendment between Mack-Cali So. West Realty Associates L.L.C., Owner, and J.G.B. Health Facilities Corporation, Tenant, dated July 14, 2017.

 

Montefiore Medical Center

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated December 12, 2013.

 

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated February 20, 2014.

·                  Extension Letter between So. Westchester Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated February 22, 2016.

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated July 17, 2017.

·                  Right of First Offer Letter between Mack-Cali So. Westchester Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated August 15, 2018.

·                  Second Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated January 18, 2019.

 

Testing Corp.

 

Standard Form of Loft Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Testing Corp., Tenant, dated September 23, 2013.

 

·                  Commencement Date Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Testing Corp., Tenant, dated October 30, 2013.

·                  First Amendment to Lease between Mack-Cali So. West Realty Associates L.L.C., Owner, and Testing Corp., Tenant, dated May 18, 2018.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between Mack-Cali So. West Realty Associates L.L.C., Owner, and Verizon New York Inc. dated July 29, 2008.

 

5 ODELL PLAZA

 

Heavyocity Media, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Heavyocity Media, Inc., Tenant, dated January 16, 2019

 

·                  Good Guy Guaranty between Heavyocity Media, Inc., Tenant, So. Westchester Realty Associates L.L.C., Owner, and David Fraser, Neil Goldberg and Ariel Winters, individually and collectively Guarantor, dated January 14, 2019

 

K&R Home Medical Equipment Co., Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and K&R Home Medical Equipment Co., Inc., Tenant, dated March 31, 2008.

 

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, and K&R Home Medical Equipment, Inc., Tenant, dated May 9, 2008.

 

244

 

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and K&R Home Medical Equipment Co., Inc., Tenant, dated July 25, 2012.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and K&R Home Medical Equipment Co., Inc., Tenant, dated April 5, 2018.

 

Liberty RC, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and TRC of New York, Inc., Tenant, dated November 22, 2006.

 

·                  Consent to Assignment of Lease between So. Westchester Realty Associates L.L.C., Owner, TRC of New York, Inc, Tenant, Liberty RC, Inc., Assignee, and DaVita Inc., Guarantor dated November 22, 2006.

·                  Assignment and Assumption of Lease between TRC of New York, Inc., Assignor, and Liberty RC, Inc., Assignee dated May 1, 2007.

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Liberty RC, Inc., Tenant, dated March 7, 2008.

·                  Lessee Notice Approval Letter between So Westchester Realty Associates L.L.C., Lessor, and Liberty RC, Inc., Lessee dated June 30, 2008.

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, Liberty RC, Inc., Tenant, dated June 30, 2008.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Liberty RC, Inc., Tenant, dated August 21, 2017.

 

Player’s Choice Tours, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated July 1, 2003.

 

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated March 6, 2008.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated March 16, 2009.

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated February 2, 2010.

·                  Fourth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated January 28, 2011.

·                  Fifth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated February 21, 2013.

·                  Sixth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated May 27, 2015.

·                  Seventh Amendment between So. Westchester Realty Associates L.L.C., Owner, and Player’s Choice Tours, Inc., Tenant, dated June 22, 2016.

 

Prime Care Pharmacy Services

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Prime Care Pharmacy Services, Inc., Tenant, dated March 10, 2006.

 

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, and Prime Care Pharmacy Services, Inc., Tenant, dated May 24, 2006.

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Prime Care Pharmacy Services, Inc., Tenant, dated June 30, 2008.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Prime Care Pharmacy Services, Inc., Tenant, dated November 26, 2013.

 

245

 

Schindler Elevator Corporation

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Schindler Elevator Corporation, Tenant dated May 2, 2018.

 

·                  Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and Schindler Elevator Corporation, Tenant, dated January 24, 2019.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between So. West Realty Associates, L.L.C., Owner, and Verizon New York Inc. dated July 29, 2008.

 

Vitacyclix, LLC

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Vitacyclix, LLC, Tenant, dated September 23, 2010.

 

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, and Vitacyclix, LLC, Tenant, dated January 25, 2011.

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Vitacyclix, LLC, Tenant, dated June 23, 2015.

·                  Sublease Agreement between Vitacyclix, LLC, Sublessor, and Montauk Distributors, Inc., Sublessee, dated March 8, 2017.

·                  Consent to Sublet between So. Westchester Realty Associates L.L.C., Owner, Vitacyclix, LLC, Tenant, and Montauk Distributors, Inc., SubTenant, dated March 8, 2017.

·                  Exercised Termination Letter between So. Westchester Realty Associates L.L.C., Owner, and Vitacyclix, LLC, Tenant, dated April 9, 2018

 

6 EXECUTIVE PLAZA

 

Audio Design Associates, Inc. dba ADA-USA LLC

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Audio Design Associates, Inc., dba ADA-USA LLC, Tenant, dated May 4, 2016.

 

Cablevision Lightpath, Inc. Telecom License Agreement between South Westchester Realty Associates L.L.C., Owner, and Cablevision Systems Westchester, Corp. Provider, dated July 31, 2001.

 

·                  Amendment to Telecom License Agreement between So. Westchester Realty Associates L.L.C., Owner, Cablevision Systems Westchester Corporation and Cablevision Lightpath, Inc., collectively the Provider, dated October 15, 2002.

·                  Renewal Letter between South Westchester Realty Associates L.L.C., Owner, and Optimum Lightpath, dated December 15, 2006.

·                  Renewal Email between Mack-Cali Realty Corporation, and Optimum Lightpath, dated August 18, 2011.

·                  Second Amendment to Telecom License Agreement between South Westchester Realty Associates, LLC c/o Mack-Cali Realty, LP, Owner, and Cablevision Lightpath, Inc., Provider dated February 6, 2015.

 

CSC Holdings, LLC - fka - Cablevision Systems Corporation and CSC Holdings, Inc.

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Cablevision Systems Corporation, Tenant, dated July 22, 1991.

 

·                  First Amendment between Robert Martin Company, Owner, and Cablevision Systems Corporation, Tenant, dated January 14, 1992.

·                  C&E Letter between Robert Martin Company, Owner, and Cablevision Systems Corporation, Tenant, dated May 26, 1992.

·                  First Amendment between Robert Martin Company, Owner, and Cablevision Systems Corporation, Tenant, dated January 18, 1995.

 

246

 

·                  Second Amendment between Robert Martin Company, Owner, and Cablevision Systems Corporation, Tenant, dated June 8, 1995.

·                  Third Amendment between Robert Martin Company, Owner, and Cablevision Systems Corporation, Tenant, dated November 27, 1996.

·                  C&E Letter between So. Westchester Realty Associates, L.P., Owner, and Cablevision Systems Corporation, Tenant, dated June 24, 1997.

·                  Fourth Amendment between Mack-Cali CW Realty Associates L.L.C., Owner, and CSC Holdings, Inc. (formerly known as Cablevision Systems Corporation), Tenant, dated March 16, 2000.

·                  Fifth Amendment between So. Westchester Realty Associates L.L.C., Owner, and CSC Holdings, Inc. (formerly known as Cablevision Systems Corporation), Tenant, dated April 30, 2001.

·                  Letter Renewal Option between Cablevision Systems Corporation now known as CSC Holdings, Inc., Lessee, and Mack-Cali CW Realty Associates, LLC, Lessor dated May 10, 2001.

·                  Sixth Amendment between So. Westchester Realty Associates L.L.C., Owner, and CSC Holdings, Inc. (formerly known as Cablevision Systems Corporation), Tenant, dated September 28, 2001.

·                  Weather Monitoring Station Agreement between So. Westchester Realty Associates L.L.C., Licensor, and CSC Holdings, Inc., Licensee, dated April 7, 2006.

·                  Seventh Amendment between So. Westchester Realty Associates L.L.C., Owner, and CSC Holdings, Inc. (formerly known as Cablevision Systems Corporation), Tenant, dated June 30, 2006.

·                  Generator Agreement between So. Westchester Realty Associates L.L.C., Owner, and CSC Holdings, Inc. (formerly known as Cablevision Systems Corporation), Tenant, dated August 14, 2009.

·                  Letter granting extension of option to extend deadline between So. Westchester Realty Associates L.L.C., Owner, and CSC Holdings, Inc. (formerly known as Cablevision Systems Corporation), Tenant, dated April 26, 2012.

·                  Eighth Amendment between So. Westchester Realty Associates L.L.C., Owner, and CSC Holdings, LLC (formerly known as Cablevision Systems Corporation and as CSC Holdings, Inc.), Tenant, dated August 13, 2012.

·                  Ninth Amendment between So. Westchester Realty Associates L.L.C., Owner, and CSC Holdings, LLC (formerly known as Cablevision Systems Corporation and as CSC Holdings, Inc.), Tenant, dated June 13, 2018.

 

Educational Media Foundation

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Educational Media Foundation, Tenant, dated December 8, 2016.

 

·                  First Amendment to Lease/Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and Educational Media Foundation, Tenant, dated May 23, 2017.

 

Montefiore Medical Center

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated July 17, 2017.

 

·                  First Amendment to Lease between So. Westchester Realty Associates L.L.C., Owner, and Montefiore Medical Center, Tenant, dated February 1, 2018.

 

Montefiore Medical Center (Conduit / License Agreement)

 

License Agreement between Mack-Cali So. West Realty Associates L.L.C., So. Westchester Realty Associates L.L.C., and 3 Odell Realty L.L.C., collectively the Owner, and Montefiore Medical Center., Tenant, dated May 22, 2012

 

Speiser-Dabran Management Co., Inc.

 

Standard Form of Loft Lease between Robert Martin Owner, and Speiser Dabran Management Company, Inc., Tenant, dated June 13, 1989.

 

247

 

·                  C&E Letter between Robert Martin Company, Owner, and Speiser Dabran Management Company, Inc., Tenant, dated September 7, 1989.

·                  First Amendment between Robert Martin Company, Owner, and Speiser Dabran Management Company, Inc., Tenant, dated October 15, 1994.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser Dabran Management Company, Inc., Tenant, dated September 13, 1999.

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser Dabran Management Company, Inc., Tenant, dated December 29, 2003.

·                  Fourth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated June 23, 2009.

·                  Fifth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated July 20, 2010.

·                  Sixth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated September 20, 2011.

·                  Seventh Amendment So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated October 1, 2012.

·                  Eighth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated January 8, 2013.

·                  Ninth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated April 10, 2013.

·                  Tenth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated June 19, 2013.

·                  Eleventh Amendment between So. Westchester Realty Associates L.L.C., Owner, and Speiser-Dabran Management Co., Inc., Tenant, dated December 2, 2013.

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between So. Westchester Realty Associates L.L.C., Owner, and Verizon New York Inc., dated July 29, 2008.

 

7 ODELL PLAZA

 

Bari-Jay Fashions, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Bari-Jay Fashions, Inc., Tenant, dated November 14, 2017.

 

Bright Horizons Children’s Centers LLC (fka Bright Horizons Children’s Centers, Inc.)

 

Standard Form of Loft Lease between Robert Martin Company, Owner, and Bright Horizons Children’s Centers, Inc., Tenant, dated January 18, 1991.

 

·                  C&E Letter between Robert Martin Company, Owner, and Bright Horizons Children’s Centers, Inc., dated September 23, 1991.

·                  First Amendment to Lease between So. Westchester Realty Associates L.P., Owner, and Bright Horizons Children’s Centers, Inc., Tenant, dated September 18, 1998.

·                  Second Amendment between So. Westchester Realty Associates L.L.C., Owner, and Bright Horizons Children’s Centers, Inc., Tenant, dated July 10, 2002.

·                  Certificate of Conversion from Bright Horizons Children’s Centers, Inc., to Bright Horizons Children’s Centers LLC., dated May 28, 2008.

·                  Third Amendment between So. Westchester Realty Associates L.L.C., Owner, and Bright Horizons Children’s Centers LLC (formerly known as Bright Horizons Children’s Centers, Inc.), dated May 12, 2009.

 

248

 

·                  Fourth Amendment between So. Westchester Realty Associates L.L.C., Owner, and Bright Horizons Children’s Centers LLC (formerly known as Bright Horizons Children’s Centers, Inc.), dated December 27, 2013.

 

EZ MSP, LLC

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and EZ MSP LLC, Tenant, dated September 15, 2010.

 

·                  First Amendment to Lease between So. Westchester Realty Associates L.L.C., Owner, and EZ MSP LLC, Tenant, dated August 7, 2014.

·                  Second Amendment to Lease Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and EZ MSP LLC, Tenant, dated March 3, 2016.

 

Homeocare Laboratories Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Homeocare Laboratories Inc., Tenant, dated December 22, 2009.

 

·                  C&E Letter between So. Westchester Realty Associates L.L.C., Owner, and Homeocare Laboratories, Inc., Tenant, dated February 5, 2010.

·                  First Amendment between So. Westchester Realty Associates L.L.C., Owner, and Homeocare Laboratories Inc., Tenant, dated February 5, 2015.

·                  Second Amendment to Lease between So. Westchester Realty Associates L.L.C., Owner, and Homeocare Laboratories Inc., Tenant, dated April 29, 2015.

·                  Third Amendment to Lease Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and Homeocare Laboratories Inc., Tenant, dated February 2, 2016.

 

Micromold Products, Inc.

 

Standard Form of Loft Lease between So. Westchester Realty Associates L.L.C., Owner, and Micromold Products, Inc., Tenant, dated September 20, 2013.

 

·                  Commencement Date Agreement between So. Westchester Realty Associates L.L.C., Owner, and Micromold Products, Inc., Tenant, dated February 21, 2014.

 

United States Postal Service

 

Lease between Robert Martin Company, LLC, Lessor, and the United States Postal Service, Lessee, dated October 18, 1996.

 

·                  Memorandum of Lease between Robert Martin Company, Lessor and United States Postal Service, Lessee, dated November 6, 1996.

·                  Lease between So. Westchester Realty Associates L.L.C., Lessor, and the United States Postal Service, Lessee, dated April 18, 2005.

·                  Memorandum of Lease between So. Westchester Realty Associates L.L.C., Lessor and United States Postal Service, Lessee, dated June 13, 2005.

·                  Amendment between So. Westchester Realty Associates L.L.C., Lessor, and United States Postal Service, Lessee, dated July 29, 2011.

·                  Amendment between So. Westchester Realty Associates L.L.C., Lessor, and United States Postal Service, Lessee, dated January 18, 2012

·                  Lease between So. Westchester Realty Associates, LLC c/o Mack Cali Realty Corporation, Landlord, and United States Postal Service, Tenant, dated June 19, 2012

·                  Agreement between United States Postal Service, Tenant, and So. Westchester Realty Associates LLC, Landlord, dated December 14, 2012.

·                  Letter re: Surrender Fee between United States Postal Service, Tenant, and So. Westchester Realty Associates L.L.C., Landlord dated May 9, 2014.

 

249

 

Verizon New York Inc.

 

Telecommunications Facilities License Agreement between So. Westchester Realty Associates L.L.C., Owner, and Verizon New York Inc., dated July 29, 2008.

 

250

 

EXHIBIT H

 

TENANT ESTOPPEL CERTIFICATE

 

PURCHASER:                                                                         RMC Acquisition Entity, LLC, its successors and/or assigns

 

PROPERTY:

 

LANDLORD:

 

TENANT:

 

TENANT’S NOTICE  ADDRESS:

 

LEASED PREMISES:

 

LEASE DOCUMENTS:

 

For good and valuable consideration, with the understanding that Purchaser and its lenders will be relying on the statements herein in acquiring and financing the Property, Tenant hereby certifies for the benefit of Purchaser, and each of its assigns and transferees and their respective lenders, that:

 

1.                                        The Lease Documents listed above (collectively, the “Lease”) constitute the entire agreement between the parties concerning the Leased Premises.  There are no other agreements (oral or written) between Landlord and Tenant concerning the Leased Premises.

 

2.                                        The Lease is valid and in full force and effect.

 

3.                                        [To Tenant’s knowledge, DELETE FROM INITIAL ESTOPPEL SENT TO TENANT, BUT TENANT MAY INSERT] (i) Landlord is not in default in the performance of its obligations under the Lease, (ii) Tenant has no present claims against Landlord under the Lease, and (iii) there are no existing defenses against the enforcement by Landlord of any of the obligations of Tenant under this Lease.

 

4.                                        [To Tenant’s knowledge, DELETE FROM INITIAL ESTOPPEL SENT TO TENANT, BUT TENANT MAY INSERT] Tenant is not in default in any of its obligations under the Lease, nor has any event occurred that, with notice or expiration of any applicable grace period, or both, would constitute a default under the Lease.

 

5.                                        Tenant has accepted possession of the Leased Premises.  The Lease term commenced on                          .  The Lease term, excluding unexercised renewals and extensions, will terminate on                           .  Tenant has no right to renew extend, or expand the Lease and no right to cancel or reduce the term of the Lease.

 

6.                                        Tenant has paid base rent for the Leased Premises for the period up to and including                           , and additional rent as invoiced by Landlord for the Leased Premises (subject to true-up pursuant to the Lease).  The base monthly rent presently payable under the Lease is $              .  The monthly reoccurring additional rent presently payable under the Lease is, in the aggregate, $           per month.  No rent has been paid more than one month in advance, except as expressly provided in the Lease.  Tenant’s security deposit is $               .

 

251

 

7.                                        Tenant has no present or future right to any free rent, reduction in rent, or any other type of rent concession or to any lease support payments or lease buy-outs.  [To Tenant’s knowledge, DELETE FROM INITIAL ESTOPPEL SENT TO TENANT, BUT TENANT MAY INSERT] no payments are due and payable to Tenant from Landlord.

 

8.                                        [To Tenant’s knowledge, DELETE FROM INITIAL ESTOPPEL SENT TO TENANT, BUT TENANT MAY INSERT] all improvements and space required to be furnished by Landlord under the Lease have been completed.  [To Tenant’s knowledge, DELETE FROM INITIAL ESTOPPEL SENT TO TENANT, BUT TENANT MAY INSERT] Landlord has complied with all of its material obligations with respect to the construction, fixturing and equipping of the Leased Premises and all design allowances, construction allowances or other allowances to which Tenant may be entitled under the Lease have been paid in full.

 

9.                                        Tenant’s interest in the Lease has not been sublet, assigned or otherwise transferred.

 

10.                                 Tenant has no outstanding options or rights of first refusal to purchase the Leased Premises or any part thereof or any real property of which the Leased Premises are a part.

 

11.                                 No actions, whether voluntary or otherwise, are pending against Tenant, or to Tenant’s knowledge, threatened against Tenant under the bankruptcy or insolvency laws of the United States or any state thereof.

 

12.                                 The current Tenant’s Notice Address for all notices to be given to Tenant under the Lease is set forth above.

 

At Purchaser’ request, Tenant agrees to provide an update to this Certificate within ten (10) days prior to Purchaser’s closing on the acquisition of the Property, including the addition of any reasonable modifications thereto as may be requested by any of the Purchaser’s lenders. [INCLUDE IN INITIAL ESTOPPEL SENT TO TENANT, BUT TENANT MAY DELETE]

 

[DO NOT INCLUDE IN INITIAL ESTOPPEL SENT TO TENANT, BUT TENANT MAY ADD This certificate does not amend or modify any of the terms, conditions or provisions of the Lease.]

 

This certificate is being delivered with the knowledge that Landlord, Purchaser and Purchaser’s mortgage lender and anyone making a loan secured by an assignment of ownership interests in any entity owning the Property, and their respective successors and assigns, will rely upon this certificate in connection with the purchase and financing of the Property.

 

This certificate is dated as of                      , 2019.

 

	
 
    	
TENANT:
    
	
 
    	
 
    
	
 
    	
[                                              ]
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
Dated:                               , 2019
    

 

252

 

EXHIBIT H-1

 

GROUND LEASE ESTOPPEL AND AGREEMENT

 

Landlord:                                                                                      THE COUNTY OF WESTCHESTER

Tenant:                                                                                                    MID-WESTCHESTER REALTY ASSOCIATES L.L.C.

Assignee:                                                                                           CLEARBROOK MID LLC

Lender:                                                                                                   BANK OF AMERICA, N.A.

Property:                                                                                             SKYLINE DRIVE, MT. PLEASANT, NEW YORK (the “Premises”)

Ground Lease Documents:

 

For good and valuable consideration, with the understanding that Assignee and Lender, and their respective successors and assigns, will be relying on the statements and agreements herein in acquiring and financing the Ground Lease, Landlord hereby ratifies the Ground Lease and certifies, as of the date hereof, to Assignee and Lender, and their respective successors and assigns, as follows:

 

1.              That the Ground Lease Documents listed above (collectively, the “Ground Lease”) constitute the entire agreement between the parties concerning the Premises.  There are no other agreements (oral or written) between Landlord and Tenant concerning the Premises.

 

2.              That the basic term of the Ground Lease commenced on             , and as of the date hereof, the Tenant has been in full and complete possession of the Premises and has commenced full occupancy and use of the Premises, such possession having been delivered by the Landlord and having been accepted by the Tenant.

 

3.              That pursuant to Section 2.0 of the Ground Lease the current annual rent is $                 , which commenced to accrue on                  and is payable monthly.  Section 2.1 contains provisions as to additional rent.

 

4.              That no advance rental or other payment has been made in connection with the Ground Lease, except rental for the current month has been paid, and there is no “free rent” or other concession under the remaining terms of the Ground Lease and the rent has been paid to and including               .  There are no representations as to amount that may be due under Section 2.1.

 

5.              That no security deposit is being held by Landlord.

 

6.              To Landlord’s knowledge, all obligations and conditions under the Ground Lease to be performed to date by Tenant have been satisfied, free of defenses and set-offs by Landlord including all construction work in the Premises.

 

7.              That the Ground Lease is a valid lease and is in full force and effect and represents the entire agreement relating to the Premises between the Landlord and Tenant, enforceable against Landlord in accordance with its terms; that no notice of default under the Ground Lease has been given to the Tenant; no notice of default has been received by the Landlord; and that to

 

253

 

Landlord’s knowledge, there is not exiting default on the part of either the Landlord or the Tenant in any of the terms and conditions thereof and no event has occurred which, with the passing of time or giving of notice or both, would constitute an event of default; and that the Ground Lease has not been amended, modified, supplemented, extended, renewed or assigned except as provided in the Ground Lease Documents listed above.

 

8.              That the term of the First Renewal Term of the Ground Lease expires on March 31, 2038.

 

9.              The Ground Lease referred to above in Paragraph 1 contains options for four (4) additional terms of 15 years, 15 years, 15 years and (pursuant to Section 1.5 of the Ground Lease, upon the mutual consent of the parties) 33 years respectively, at a rent to be determined as set forth in Section 2.0 of the Ground Lease.

 

10.       That there are no actions, voluntary or involuntary, pending against the Landlord under the bankruptcy laws of the United States or any state thereof.

 

11.       That Landlord has not assigned, conveyed, transferred, sold, encumbered or mortgaged its interest in the Ground Lease or the Demised Premises and there are currently no mortgages, deeds of trust or other security interests encumbering Landlord’s fee interest in the Demised Premises and no third party has an option or preferential right to purchase all or any part of the Premises.

 

12.       That, Landlord hereby recognizes Lender and any successor-in-interest to Lender as a “Leasehold Mortgagee” as such term is used in the Ground Lease for all purposes under the Ground Lease.

 

13.       That, in the event the Ground Lease is terminated for any reason or rejected by Tenant in any bankruptcy or insolvency proceeding, upon request of Lender, Landlord shall enter into New Lease with Lender pursuant to Section 10.7 of the Ground Lease.

 

14.       That Lender shall have the right to exercise any option to renew the term of the Ground Lease or any option to purchase the Premises if the Tenant fails to exercise any option to so extend or purchase; provided, Lender gives written notice to Landlord of such exercise within 30 days of the date notice is required by Tenant under the Ground Lease.

 

15.       That, notwithstanding anything to the contrary in the Ground Lease or herein, in the event that Lender shall acquire title to the leasehold estate of the Demised Premises, Lender shall have no obligation, nor incur any liability, beyond Lender’s then interest, if any, in the Demised Premises.  Lender shall not become liable under the Lease unless and until such time as it becomes the owner of the leasehold estate created by the Ground Lease.

 

16.       That, all notices to be delivered to Assignee and Lender hereunder or under the Lease shall be delivered at the following address (or any other address which is provided to Landlord pursuant to a written notice delivered pursuant hereto) and in the manner provided by the Lease:

 

254

 

Assignee:

Clearbroook     LLC

c/o Robert Martin Company LLC

100 Clearbrook Road

Elmsford, NY 10523

Attention:  Mr. Timothy M. Jones

Telephone No.: (914) 592-4800

Facsimile No.: (914) 592-5486

 

with a copy to:

Cohn Birnbaum & Shea P.C.

100 Pearl Street — 12th Floor

Hartford, CT 06103

Attention:  Richard J. Shea, Jr.

Telephone No.: (860) 493-2230

Facsimile No.: (860) 727-0361

 

Lender:

Bank of America, N.A.
 c/o Capital Markets Servicing Group
 900 West Trade Street, Suite 650
 Mail Code:  NC1-026-06-01
 Charlotte, North Carolina 28255
 Attention:  Servicing Manager
 Telephone No:  (866) 531-0957
 Facsimile No.:  (704) 317-4501

 

17.       That this certification is made knowing that Assignee and Lender are relying upon the representations herein made.

 

18.       Any defined terms used, but not defined herein, shall have the meanings ascribed to such terms in the Ground Lease.

 

 

	
Date:
    	
Landlord
    
	
 
    	
 
    
	
 
    	
THE COUNTY OF WESTCHESTER
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

255

 

EXHIBIT I

 

NON-FOREIGN AFFIDAVIT UNDER INTERNAL REVENUE

CODE SECTION 1445(B)(2)

 

	
STATE OF NEW JERSEY
    	
)
    
	
 
    	
) ss:
    
	
COUNTY OF HUDSON
    	
)
    

 

, being first duly sworn, deposes and states under penalty and perjury:

 

For U.S. federal income tax purposes (including Section 1445 of the Internal Revenue Code (the “Code”)), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law) will be the transferor of the property and not the disregarded entity.                               , a                                                  (“Owner”), informs                     (“Buyer”) that withholding of tax is not required upon the disposition of a United States real property interest by                      , a                                (“Seller”), and with the knowledge that Buyer will rely upon the following statements, Owner hereby certifies the following facts to Buyer:

 

1.                                      Seller is a disregarded entity as defined in Treasury Regulations Section 1.1445-2(b)(2)(iii) (“Disregarded Entity”).  Owner is the direct owner of Seller.

 

2.                                      Owner is not a foreign corporation, foreign partnership, foreign trust, foreign estate or foreign person (as those terms are defined in the Code and Income Tax Regulations).

 

3.                                      Owner’s United States Employer Identification Number is                .

 

4.                                      Owner’s office address is:  c/o Mack-Cali Realty Corporation, Harborside 3, 210 Hudson Street, Suite 400, Jersey City, New Jersey 07311.

 

5.                                      I am a duly authorized officer of [Mack-Cali Realty Corporation], the general partner of  [Mack-Cali Realty, L.P.], the sole member of  Seller, the transferor of the property commonly known as                              .

 

This affidavit is given to the transferee of the property described in paragraph 5 above, for the purpose of establishing and documenting the non-foreign affidavit exemption to the withholding requirement of Section 1445 of the Code.  Owner understands that this affidavit may be disclosed to the Internal Revenue Service by the transferee and that any false statement contained herein could be punished by fine, imprisonment, or both.

 

	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

Subscribed and sworn to before me

this      day of              , 201

 

 

	
 
    	
 
    	
 
    
	
Notary Public
    	
 
    	
 
    

 

256

 

EXHIBIT J

 

Leasing Commission Agreements

 

Cross Westchester Executive Park

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
11 Clearbrook Road
    	
 
    	
Commission Agreement
    	
 
    	
November 20, 2018
    	
 
    	
The Play Place LLC
    	
 
    	
Howard Properties, Ltd
    
	
75 Clearbrook Road
    	
 
    	
Commission Agreement
    	
 
    	
May 25, 2005
    	
 
    	
Evening Out, Inc.
    	
 
    	
Choyce Peterson, Inc.
    
	
100 Clearbrook Road
    	
 
    	
Commission Agreement
    	
 
    	
May 23, 2017
    	
 
    	
Marjieh Law, LLP
    	
 
    	
Howard Properties, Ltd.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 6, 2018
    	
 
    	
Bioscript Nursing Services, LLC
    	
 
    	
Cresa New York
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 23, 2017
    	
 
    	
Marjieh Law LLP
    	
 
    	
Howard Properties, LTD
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 4, 2018
    	
 
    	
Black Marjieh Leff & Sanford LLP
    	
 
    	
Howard Properties, Ltd.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
December 27, 2001
    	
 
    	
Pyrotek, Inc.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 28, 2008
    	
 
    	
Pyrotek Incorporated
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 20, 2012
    	
 
    	
Pyrotek Incorporated
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
February 7, 2002
    	
 
    	
Trustco Bank, N.A.
    	
 
    	
Richard F. Dalton, ICA
    
	
125 Clearbrook Road
    	
 
    	
Commission Broker Agreement
    	
 
    	
August 10, 2010
    	
 
    	
ADT Corporation
    	
 
    	
Spillane & Company
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 30, 2011
    	
 
    	
ADT Security Services, Inc.
    	
 
    	
CB Richard Ellis, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
January 23, 2012
    	
 
    	
ADT Security Services, Inc.
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 22, 2013
    	
 
    	
ADT LLC
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 2, 2013
    	
 
    	
Tyco Integrated Security LLC
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
May 9, 2002
    	
 
    	
Ademco Distribution, Inc.
    	
 
    	
Rothwood Real Estate Services, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 5, 2011
    	
 
    	
Honeywell International, Inc.
    	
 
    	
Realty Insight Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 5, 2013
    	
 
    	
Honeywell International, Inc.
    	
 
    	
Realty Insight Group, Inc.
    

 

257

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 28, 2018
    	
 
    	
Honeywell International, Inc.
    	
 
    	
Realty Insight Group, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 4, 2016
    	
 
    	
AHG of New York, Inc.
    	
 
    	
CBRE, Inc.
    
	
150 Clearbrook Road
    	
 
    	
Commission Agreement
    	
 
    	
September 29, 2014
    	
 
    	
United States Postal Service - Elmsford
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 31, 2005
    	
 
    	
Sign Works, Inc.
    	
 
    	
Howard Properties, Ltd.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 22, 2005
    	
 
    	
RX Vitamins, Inc.
    	
 
    	
Jones Lang Lasalle, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 29, 2010
    	
 
    	
Positive Impressions, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 6, 2012
    	
 
    	
JACS Amusement, LLC
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 30, 2011
    	
 
    	
Digiscribe International LLC
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 17, 2015
    	
 
    	
Custom Pins, Inc.
    	
 
    	
Rakow Commercial Realty Group
    
	
175 Clearbrook Road
    	
 
    	
Commission Broker Agreement
    	
 
    	
Not Dated
    	
 
    	
Rekers (NA), Inc.
    	
 
    	
Nelson-Vrooman Associates, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 23, 2014
    	
 
    	
Peapod, LLC
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 18, 2009
    	
 
    	
Mrs. Blooms Direct, Inc.
    	
 
    	
Williams Real Estate of Connecticut LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 2, 2014
    	
 
    	
Matthews International Corporation
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
January 26, 1995
    	
 
    	
The Inter-Technical Group, Inc.
    	
 
    	
Edward S. Gordon Company, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 24, 2013
    	
 
    	
The Inter-Technical Group, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 15, 2018
    	
 
    	
ITG Electronics, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
January 31, 2006
    	
 
    	
Another Step, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 14, 2009
    	
 
    	
Another Step, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 2, 2013
    	
 
    	
Another Step Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
June 24, 1992
    	
 
    	
All Air, Inc
    	
 
    	
Robert Martin’s Space Specialists, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 2, 2018
    	
 
    	
The Crystal Spoon Corp.
    	
 
    	
Howard Properties, Ltd.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 14, 2004
    	
 
    	
Wallwork Brothers, Inc. d/b/a Wallwork Group
    	
 
    	
Benson Commercial Realty, Inc.
    

 

258

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 7, 2010
    	
 
    	
Wallwork Brothers, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 29, 2014
    	
 
    	
Wallwork Brothers, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 6, 2017
    	
 
    	
Wallwork Bros, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
200 Clearbrook Road
    	
 
    	
Commission Broker Agreement
    	
 
    	
February 14, 1994
    	
 
    	
Proftech Corp.
    	
 
    	
Anson & Berger, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
April 1, 1999
    	
 
    	
Proftech Corporation
    	
 
    	
Rakow Commercial Realty Group
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 14, 2004
    	
 
    	
Proftech Corporation
    	
 
    	
Rakow Commercial Realty Corporation
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 4, 2009
    	
 
    	
Proftech Corp.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 5, 2010
    	
 
    	
Herff Jones, Inc.
    	
 
    	
Goldschmidt & Associates
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 30, 2011
    	
 
    	
The Food Bank for Westchester
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 22, 2017
    	
 
    	
Crystal Blue Cleaning Service, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 28, 2005
    	
 
    	
CP Communications, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 19, 2016
    	
 
    	
Churchill Linen Services, Inc.
    	
 
    	
New York Commercial Realty Group, LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 22, 2018
    	
 
    	
Gingernine LLC
    	
 
    	
New York Commercial Realty Group, LLC
    
	
250 Clearbrook Road
    	
 
    	
Commission Agreement
    	
 
    	
May 1, 2017
    	
 
    	
Metro Filter Sales, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 3, 2016
    	
 
    	
Jacobs Pills, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 31, 2009
    	
 
    	
General Phosphorix LLC
    	
 
    	
TG Burt Real Estate
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
November 18, 2002
    	
 
    	
Fabrication Enterprises, Inc.
    	
 
    	
Anson & Berger, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 17, 2014
    	
 
    	
Eco-Rental Solutions, Inc.
    	
 
    	
Cresa New York LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 16, 2007
    	
 
    	
C & I Collectibles, Inc.
    	
 
    	
Anson Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 3, 2017
    	
 
    	
Berger Appliances, Inc.
    	
 
    	
Keller Williams New York Realty
    
	
1 Westchester Plaza
    	
 
    	
Commission Broker Agreement
    	
 
    	
February 25, 1987
    	
 
    	
R.S. Knapp Company, Inc.
    	
 
    	
Feinberg & Anson Real Estate Corp.
    

 

259

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 17, 1997
    	
 
    	
British Apparel Collection, Ltd.
    	
 
    	
Anson & Berger, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 2, 2012
    	
 
    	
Carrier Enterprise Northeast, LLC
    	
 
    	
CBRE, Inc.
    
	
2 Westchester Plaza
    	
 
    	
Commission Agreement
    	
 
    	
December 19, 2006
    	
 
    	
Orkin, Inc.
    	
 
    	
Delphi Commercial Properties, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 31, 2014
    	
 
    	
Orkin, Inc.
    	
 
    	
Transwestern Commercial Services New York, LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 31, 2013
    	
 
    	
Westchester Community Opportunity Program, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 17, 2013
    	
 
    	
Tyco Integrated Security LLC
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 8, 2018
    	
 
    	
Johnson Controls Security Solutions LLC formerly   known as Tyco Integrated Security LLC
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 15, 2006
    	
 
    	
Strategem Security, Inc.
    	
 
    	
Delphi Commercial Properties, Inc.
    
	
3 Westchester Plaza
    	
 
    	
Commission Agreement
    	
 
    	
February 9, 2016
    	
 
    	
Limelight, Inc.
    	
 
    	
New York Commercial Realty Group
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 14, 2016
    	
 
    	
Connoisseur Encounters Company, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 1, 2016
    	
 
    	
Westchester Swim Studios, Inc.
    	
 
    	
Goldstein & Associates Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 26, 2009
    	
 
    	
Diebold Enterprise Security Systems, Inc.
    	
 
    	
CB Richard Ellis Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 18, 2016
    	
 
    	
Securitas Electronic Security, Inc.
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 21, 2015
    	
 
    	
Vivint Solar Developer, LLC
    	
 
    	
Coldwell Banker Commercial Island Services, LLC
    
	
4 Westchester Plaza
    	
 
    	
Commission Agreement
    	
 
    	
August 11, 2010
    	
 
    	
Retrieval Masters Creditors Bureau, Inc.
    	
 
    	
CB Richard Ellis, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 12, 2017
    	
 
    	
NovaMed-USA, Inc.
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 6, 1988
    	
 
    	
Eastern Analytical Services, Inc.
    	
 
    	
Summit Realty Corp.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
August 20, 1998
    	
 
    	
Eastern Analytical Services, Inc.
    	
 
    	
Benson Commercial Realty, Inc.
    
	
5 Westchester Plaza
    	
 
    	
Commission Agreement
    	
 
    	
July 24, 2014
    	
 
    	
Apple Maintenance & Services, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 1, 2018
    	
 
    	
Apple Maintenance & Services, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 4, 2018
    	
 
    	
Apple Maintenance & Services, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    

 

260

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 14, 2012
    	
 
    	
Affina Biotechnologies, Inc.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 11, 2017
    	
 
    	
Affina Biotechnologies, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 16, 2009
    	
 
    	
Dolphin Construction Corp.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 16, 2014
    	
 
    	
Dolphin Construction Corp.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
6 Westchester Plaza
    	
 
    	
Commission Agreement
    	
 
    	
June 20, 2017
    	
 
    	
Technovax, Inc.
    	
 
    	
Goldstein & Associates Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 11, 2013
    	
 
    	
Fire-End & Croker Corp.
    	
 
    	
CBRE, Inc.
    
	
7 Westchester Plaza
    	
 
    	
Commission Agreement
    	
 
    	
September 18, 2009
    	
 
    	
Emigrant Bank
    	
 
    	
MB Real Estate
    
	
8 Westchester Plaza
    	
 
    	
Commission Agreement
    	
 
    	
October 15, 2010
    	
 
    	
Aery Lighting Supply, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 1, 2015
    	
 
    	
Best Plumbing Supply, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 24, 2016
    	
 
    	
Cubicle Enterprises, LLC
    	
 
    	
Vijay Realtors, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
April 12, 1998
    	
 
    	
Executive Printing & Direct Mail, Inc.
    	
 
    	
Benson Commercial Realty, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
July 2, 2002
    	
 
    	
Executive Printing & Direct Mail, Inc.
    	
 
    	
Benson Commercial Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 18, 2009
    	
 
    	
Executive Printing & Direct Mail, Inc.
    	
 
    	
Goldschmidt & Associates
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 28, 2013
    	
 
    	
Executive Printing & Direct Mail, Inc.
    	
 
    	
Goldstein & Associates Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 13, 2014
    	
 
    	
SMK Imaging, LLC d/b/a Imageworks
    	
 
    	
Rakow Commercial Realty Group, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 23, 2012
    	
 
    	
MyPublisher, Inc.
    	
 
    	
Newmark of Connecticut, LLC
    
	
77 Executive Boulevard
    	
 
    	
Commission Broker Agreement
    	
 
    	
December 7, 1989
    	
 
    	
Bright Horizons Children’s Center, Inc.
    	
 
    	
Coldwell Banker Commercial Real Estate Services
    
	
85 Executive Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
October 2, 2014
    	
 
    	
North American Family Institute, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
January 30, 2015
    	
 
    	
Authentic Window Design, LLC
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 8, 2018
    	
 
    	
Big Apple Collectibles Corp.
    	
 
    	
Howard Properties, Ltd
    
	
101 Executive Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
September 21, 2017
    	
 
    	
Metropolitan Transit Authority
    	
 
    	
Newmark Grubb Knight Frank
    
	
300 Executive Boulevard
    	
 
    	
Commission Broker Agreement
    	
 
    	
October 3, 2002
    	
 
    	
Publishers Circulation Fulfillment, Inc.
    	
 
    	
Anson & Berger, Inc.
    

 

261

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 6, 2010
    	
 
    	
Flooring Liquidators, Inc.
    	
 
    	
The Princeton Realty Group, LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 2, 2018
    	
 
    	
USCO, Inc.
    	
 
    	
New York Commercial Realty Group, LLC
    
	
350 Executive Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
January 19, 2012
    	
 
    	
Morry’s Camp, Inc. d/b/a Project Morry
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
399 Executive Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
April 17, 2008
    	
 
    	
Town Sports International LLC
    	
 
    	
Edgray USA
    
	
400 Executive Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
September 13, 2004
    	
 
    	
T & A Electric, Inc.
    	
 
    	
Nai Friedland Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 30, 2008
    	
 
    	
T & A Electric Inc.
    	
 
    	
Nai Friedand Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 11, 2017
    	
 
    	
Limelight2, LLC
    	
 
    	
New York Commercial Realty Group, LLC.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 24, 2016
    	
 
    	
Data Clean Corporation
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 10, 2001
    	
 
    	
Apria Healthcare, Inc.
    	
 
    	
Mohr Partners, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 30, 2008
    	
 
    	
Apria Healthcare, Inc.
    	
 
    	
Corporate Realty Associates
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 16, 2011
    	
 
    	
Tri-Northern Holdings, Inc.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 11, 2017
    	
 
    	
Anixter Inc.(formerly Tri-Northern   Holdings, Inc.)
    	
 
    	
Conley Realty Associates, Ltd d/b/a Cresa Albany
    
	
500 Executive Boulevard
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 7, 1993
    	
 
    	
Dover Elevator Company
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
April 30, 2002
    	
 
    	
Thyssenkrupp Elevator Corporation
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 26, 2006
    	
 
    	
Thyssenkrupp Elevator Corporation
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 30, 2011
    	
 
    	
Thyssenkrupp Elevator Corporation
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 22, 2018
    	
 
    	
Thyssenkrupp North America, Inc.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 29, 2008
    	
 
    	
Special Citizens Futures Unlimited, Inc.
    	
 
    	
Healthcare Real Estate Brown Harris Stevens   Commercial Services, LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 4, 2009
    	
 
    	
Olympia Sports, Inc.
    	
 
    	
Anson Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 9, 2018
    	
 
    	
Professional Security Broadband, Inc.
    	
 
    	
New York Commercial Realty Group, LLC
    
	
525 Executive Boulevard
    	
 
    	
Commission Broker Agreement
    	
 
    	
May 16, 1988
    	
 
    	
Country Epicure, Inc.
    	
 
    	
Alfred Weissman Real Estate, Inc.
    

 

262

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 28, 2015
    	
 
    	
Vie De France Yamazaki, Inc.
    	
 
    	
Jones Lang Lasalle America’s, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 3, 2017
    	
 
    	
Vie De France Yamazaki, Inc.
    	
 
    	
Jones Lang Lasalle
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 4, 2014
    	
 
    	
Wright Medical Technology, Inc.
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
May 3, 1990
    	
 
    	
N.Y. Blood Center, Inc.
    	
 
    	
Wiener & Henrikson Realty Assoc., Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 7, 2000
    	
 
    	
New York Blood Center, Inc.
    	
 
    	
Insignia/ESG, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
July 2, 2002
    	
 
    	
New York Blood Center, Inc.
    	
 
    	
Insignia/ESG, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 1, 2016
    	
 
    	
General Nutraceutical Technology, LLC
    	
 
    	
Ambar Realty Group, LLC
    

 

Mid Westchester Executive Park

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
1 Skyline Drive
    	
 
    	
Commission Broker Agreement
    	
 
    	
June 24, 2002
    	
 
    	
Kidabilities, L.L.C. and Speech &   Languages, P.C. d/b/a Chatterbox
    	
 
    	
Vision Property Group, LLC
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
May 10, 2000
    	
 
    	
Childtime Childcare, Inc.
    	
 
    	
Delphi Commercial Properties, Inc.
    
	
2 Skyline Drive
    	
 
    	
Commission Agreement
    	
 
    	
February 1, 2010
    	
 
    	
Allstar Marketing Group LLC
    	
 
    	
Newmark of Connecticut, LLC d/b/a Newmark Knight   Frank
    
	
4 Skyline Drive
    	
 
    	
Commission Agreement
    	
 
    	
October 4, 2013
    	
 
    	
Planned Parenthood Hudson Peconic, Inc.
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 8, 2004
    	
 
    	
Optical Distributor Group, LLC
    	
 
    	
Newmark & Company Real Estate, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 2006
    	
 
    	
Optical Distributor Group, LLC
    	
 
    	
Newmark & Company Real Estate, Inc.   d/b/a Newmark Knight Frank
    
	
5 Skyline Drive
    	
 
    	
Commission Broker Agreement
    	
 
    	
April 14, 1980
    	
 
    	
Westchester Gymnastics School
    	
 
    	
Industrial Realty Associates
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
July 29, 1999
    	
 
    	
Westchester Gymnastics School
    	
 
    	
Mack-Cali Realty, L.P.
    

 

263

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
January 17, 2007
    	
 
    	
Westchester Gymnastics School
    	
 
    	
Goldstein & Associates
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 13, 2007
    	
 
    	
Metro PCS of New York, Inc.
    	
 
    	
The Staubach Company
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 8, 2012
    	
 
    	
BTX Technologies, Inc.
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 13, 2013
    	
 
    	
AcariaHealth, Inc.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
6 Skyline Drive
    	
 
    	
Commission Agreement
    	
 
    	
May 10, 2006
    	
 
    	
U.S. Remodelers, Inc.
    	
 
    	
AMBAR Realty Group, LLC Cresa Partners Dallas
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 27, 2011
    	
 
    	
U.S. Remodelers, Inc.
    	
 
    	
Cresa Partners
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 10, 2010
    	
 
    	
UTC Fire & Security Corporation
    	
 
    	
USI Real Estate Brokerage Services, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 2, 2017
    	
 
    	
Red Hawk Fire & Security, LLC
    	
 
    	
Cushman & Wakeman of Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 22, 2011
    	
 
    	
Graybar Electric Company, Inc.
    	
 
    	
BIOC Commercial Real Estate, LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 22, 2016
    	
 
    	
Graybar Electric Company, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 26, 2015
    	
 
    	
Gas Turbine Controls Corporation
    	
 
    	
Anson Properties Ltd
    
	
7 Skyline Drive
    	
 
    	
Commission Broker Agreement
    	
 
    	
October 14, 2002
    	
 
    	
Traub Eglin Lieberman Straus
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement (800 sq ft)
    	
 
    	
December 18, 2007
    	
 
    	
Traub Lieberman Straus & Shrewsberry LLP
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement (3,644 sq ft)
    	
 
    	
December 18, 2007
    	
 
    	
Traub Lieberman Straus & Shrewsberry LLP
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 15, 2008
    	
 
    	
Traub Lieberman Straus & Shrewsberry LLP
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 3, 2008
    	
 
    	
Traub Lieberman Straus & Shrewsberry LLP
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 8, 2011
    	
 
    	
Traub Lieberman Straus & Shrewsberry, LLP
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 3, 2016
    	
 
    	
Traub Lieberman Straus & Shrewsberry LLP
    	
 
    	
Howard Properties, Ltd.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 31, 2012
    	
 
    	
RGN - Hawthorne I, LLC
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 24, 2016
    	
 
    	
Provident Design Engineering, PLLC
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement (3,446 sq ft)
    	
 
    	
Not Dated
    	
 
    	
Matrix Absence Management, Inc.
    	
 
    	
Mack-Cali Realty, L.P.
    

 

264

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 29, 2010
    	
 
    	
Matrix Absence Management Inc.
    	
 
    	
CB Richard Ellis, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2014
    	
 
    	
Westchester Medical Center
    	
 
    	
Laurence London & Co., LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 4, 2015
    	
 
    	
Center for Regional Healthcare Innovation, LLC
    	
 
    	
Laurence London & Co., LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 6, 2018
    	
 
    	
Care Design NY, LLC
    	
 
    	
Princeton Realty Group
    
	
8 Skyline Drive
    	
 
    	
Commission Agreement
    	
 
    	
June 27, 2008
    	
 
    	
Johnson Controls, Inc.
    	
 
    	
USI Real Estate Brokerage Services Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 16, 20012
    	
 
    	
Johnson Controls, Inc.
    	
 
    	
USI Real Estate Brokerage Services Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 8, 2018
    	
 
    	
Johnson Controls, Inc.
    	
 
    	
CBRE, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 31, 2018
    	
 
    	
Packaging Technologies & Inspection LLC
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Amended & Restated Commission Agreement
    	
 
    	
October 19, 2018
    	
 
    	
Packaging Technologies & Inspection LLC
    	
 
    	
Howard Properties, Ltd
    
	
12 Skyline Drive
    	
 
    	
Commission Agreement
    	
 
    	
February 19, 2013
    	
 
    	
Trane U.S., Inc.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
August 31, 1999
    	
 
    	
Creative Visual Enterprises, Ltd.
    	
 
    	
Choyce Peterson, Inc.
    
	
15 Skyline Drive
    	
 
    	
Commission Agreement
    	
 
    	
April 23, 2014
    	
 
    	
The City of New York
    	
 
    	
CBRE, Inc.
    
	
200 Saw Mill River Road
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 18, 1998
    	
 
    	
Viro Dynamics Corporation
    	
 
    	
Delphi Commercial Properties, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
April 29, 2003
    	
 
    	
Viro Dynamics Corporation
    	
 
    	
George Comfort & Sons, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 3, 2008
    	
 
    	
Viro Dynamics Corporation
    	
 
    	
George Comfort & Sons, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 26, 2013
    	
 
    	
Viro Dynamics Corporation
    	
 
    	
Lee & Associates NYC, LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 5, 2018
    	
 
    	
Viro Dynamics Corporation
    	
 
    	
Lee & Associates NYC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 16, 2016
    	
 
    	
Princetel, Inc.
    	
 
    	
New York Commercial Realty Group
    
	
 
    	
 
    	
Commission Agreement
   (5,800 sq ft)
    	
 
    	
October 19, 2016
    	
 
    	
KB Beverage, LLC
    	
 
    	
New York Commercial Realty Group
    
	
 
    	
 
    	
Commission Agreement
   (8,100 sq ft)
    	
 
    	
October 16, 2016
    	
 
    	
KB Beverage, LLC
    	
 
    	
New York Commercial Realty Group
    

 

265

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Amended & Restated Commission Agreement
    	
 
    	
July 27, 2017
    	
 
    	
KB Beverage, LLC
    	
 
    	
New York Commercial Realty Group
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 15, 2013
    	
 
    	
Hudson Valley Automotive Parts, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 27, 2017
    	
 
    	
Hudson Valley Automotive Parts, Inc.
    	
 
    	
Rakow Commercial Realty Group, Inc.
    

 

South Westchester Executive Park

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
1 Executive Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
September 30, 2004
    	
 
    	
JSK Construction Corp.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2017
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC dba Newmark Grubb Knight   Frank CT
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 15, 2013
    	
 
    	
OneMain Financial, Inc.
    	
 
    	
Welco Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
March 13, 2014
    	
 
    	
OneMain Financial, Inc
    	
 
    	
Welco Realty, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 21, 2018
    	
 
    	
The Trustees of Columbia University in the City of   New York
    	
 
    	
Nai Friedland Realty, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 7, 2000
    	
 
    	
S.P. Cooper & Company, L.L.P.
    	
 
    	
GHP Office Realty, Inc.
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
November 19, 2003
    	
 
    	
Progressive Casualty Insurance Company
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement (20,774 sq ft)
    	
 
    	
February 21, 2006
    	
 
    	
Progressive Casualty Insurance Company
    	
 
    	
Trammell Crow Company
    
	
 
    	
 
    	
Commission Agreement (6,331 sq ft)
    	
 
    	
February 21, 2006
    	
 
    	
Progressive Casualty Insurance Company
    	
 
    	
Trammell Crow Company
    
	
 
    	
 
    	
Commission Letter
    	
 
    	
March 9, 2006
    	
 
    	
Progressive Casualty Insurance Company
    	
 
    	
Allegro Realty Advisors, Ltd.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 4, 2009
    	
 
    	
Progressive Casualty Insurance Company, Inc.
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 19, 2014
    	
 
    	
Progressive Casualty Insurance Company
    	
 
    	
Newmark of Connecticut, LLC dba Newmark Grubb Knight   Frank
    

 

266

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 2, 2018
    	
 
    	
Judlau Contracting, Inc. and TC Electric, LLC   d/b/a Judlau TC Joint Venture
    	
 
    	
CBRE, Inc.
    
	
3 Executive Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2017
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC dba Newmark Grubb Knight   Frank CT
    
	
100 Corporate Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2017
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC dba Newmark Grubb Knight   Frank CT
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 28, 2018
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC dba Newmark Grubb Knight   Frank CT
    
	
 
    	
 
    	
Commission Broker Agreement
   (10,300 sq ft)
    	
 
    	
Not Dated
    	
 
    	
Sempra Energy Trading Corporation
    	
 
    	
Albert B. Ashforth, Inc.
    
	
200 Corporate Boulevard
    	
 
    	
Commission Agreement
    	
 
    	
July 26, 2016
    	
 
    	
KVL Audio Visual Services, Inc.
    	
 
    	
RM Friedland LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2017
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC d/b/a Newmark Grubb   Knight Frank CT
    
	
4 Executive Plaza
    	
 
    	
Commission Agreement
    	
 
    	
August 31, 2011
    	
 
    	
Hill-Rom Company, Inc.
    	
 
    	
Nai Friedland Realty, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 2, 2018
    	
 
    	
Hil-Rom Company, Inc
    	
 
    	
Newmark & Company Real Estate, Inc.   D/B/A Newmark Knight Frank
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 31, 2013
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark Grubb Knight Frank
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2017
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC dba Newmark Grubb Knight   Frank CT
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 4, 2013
    	
 
    	
Testing Corp.
    	
 
    	
Nai Friedland Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
January 11, 2006
    	
 
    	
Grant Hanson Associates, Inc.
    	
 
    	
CB Richard Ellis, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 24, 2013
    	
 
    	
Advantage Waypoint LLC
    	
 
    	
Cresa Partners New York LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 15, 2017
    	
 
    	
Advantage Waypoint LLC
    	
 
    	
Cushman & Wakefield of   Connecticut, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 23, 2005
    	
 
    	
Edward Ehrbar, Inc.
    	
 
    	
Anson & Berger, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 30, 2006
    	
 
    	
Edward Ehrbar, Inc.
    	
 
    	
Anson & Berger, Inc
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 26, 2015
    	
 
    	
F&M Equipment Ltd
    	
 
    	
New York Commercial Realty Group LLC
    
	
6 Executive Plaza
    	
 
    	
Commission Agreement
    	
 
    	
November 21, 2016
    	
 
    	
Education Media Foundation
    	
 
    	
Newmark of Connecticut, LLC d/b/a Newmark Grubb   Knight Frank
    

 

267

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2017
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC d/b/a Newmark Grubb   Knight Frank CT
    
	
 
    	
 
    	
Commission Broker Agreement (25,000 sq ft)
    	
 
    	
December 2, 1991
    	
 
    	
Cablevision Systems Corporation
    	
 
    	
Friedland Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 1, 2006
    	
 
    	
CSC Holdings, Inc.
    	
 
    	
Cushman & Wakefield, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 22, 2018
    	
 
    	
CSC Holdings, LLC
    	
 
    	
Altice Real Estate Corporation
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 5, 2016
    	
 
    	
Audio Design Associates, Inc.
    	
 
    	
Goldstein & Associates Realty Inc.
    
	
1 Odell Plaza
    	
 
    	
Commission Agreement
    	
 
    	
August 21, 2007
    	
 
    	
Westchester Jewish Community Services, Inc.
    	
 
    	
Nai Friedland Realty, Inc
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
February 20, 2002
   (1,910 sq ft)
    	
 
    	
Scott Newman, MD, PC
    	
 
    	
Friedland Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 31, 2013
    	
 
    	
Scent2Market, Inc,
    	
 
    	
Positive Properties, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 9, 2009
    	
 
    	
Otis Elevator Company
    	
 
    	
USI Real Estate Brokerage Services, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 12, 2017
    	
 
    	
Ecker Window Corp.
    	
 
    	
MAG Real Estate Advisors, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 10, 2005
    	
 
    	
Crestwood Technology Group Corp.
    	
 
    	
Delphi Commercial Properties, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 11, 2009
    	
 
    	
Crestwood Technology Group Corp.
    	
 
    	
Delphi Commercial Properties, Inc.
    
	
 
    	
 
    	
Commission Broker Letter
    	
 
    	
August 25, 1993
    	
 
    	
Applied Behavior Analysis Corporation, a/k/a Fred S.   Keller School
    	
 
    	
Lansky Corporate Properties
    
	
 
    	
 
    	
Commission Broker Agreement
    	
 
    	
August 20, 2003
    	
 
    	
Applied Behavior Analysis Corporation
    	
 
    	
Goldstein & Associates Realty, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 15, 2005
    	
 
    	
Applied Behavior Analysis Corp.
    	
 
    	
Triad Realty, LLC
    
	
3 Odell Plaza
    	
 
    	
Commission Agreement
    	
 
    	
July 17, 2017
    	
 
    	
Montefiore Medical Center
    	
 
    	
Newmark of Connecticut, LLC d/b/a Newmark Grubb   Knight Frank CT
    
	
5 Odell Plaza
    	
 
    	
Commission Agreement
    	
 
    	
August 6, 2008
    	
 
    	
Liberty RC, Inc., successor in interest to TRC   of NY, Inc.
    	
 
    	
USI Real Estate Brokerage Services, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
November 30, 2017
    	
 
    	
Liberty RC, Inc.
    	
 
    	
Cushman & Wakefield U.S., Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
February 8, 2011
    	
 
    	
Vitacyclix, LLC
    	
 
    	
Rakow Commercial Realty Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
August 3, 2012
    	
 
    	
K & R Home Medical Equipment Co., Inc.
    	
 
    	
New York Commercial Realty Group
    

 

268

 

	
Building
    	
 
    	
Document/ 
   Agreement
    	
 
    	
Date
    	
 
    	
Tenant
    	
 
    	
Broker
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
April 25, 2018
    	
 
    	
K & R Medical Equipment, Inc.
    	
 
    	
New York Commercial Realty Group, LLC
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
May 9, 2018
    	
 
    	
Schindler Elevator Corporation
    	
 
    	
New York Commercial Realty Group
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
January 15, 2019
    	
 
    	
Heavyocity Media, Inc.
    	
 
    	
Rakow Commercial Realty Group
    
	
7 Odell Plaza
    	
 
    	
Commission Broker Agreement
    	
 
    	
September 5, 1991
   (7,000 sq ft)
    	
 
    	
Bright Horizons Children’s Centers, Inc.
    	
 
    	
CB Commercial Real Estate Group, Inc.
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
September 11, 2014
    	
 
    	
EZ MSP LLC
    	
 
    	
Howard Properties, Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
December 30, 2009
    	
 
    	
Homeocare Laboratories, Inc.
    	
 
    	
New York Commercial Realty Group
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
June 8, 2015
    	
 
    	
Homeocare Laboratories Inc.
    	
 
    	
Howard Properties Ltd
    
	
 
    	
 
    	
Commission Agreement
    	
 
    	
October 4, 2013
    	
 
    	
Micromold Products, Inc.
    	
 
    	
Howard Properties, Ltd
    

 

269

 

EXHIBIT K

 

ASSIGNMENT AND ASSUMPTION OF MAINTENANCE DECLARATION

 

THIS ASSIGNMENT AND ASSUMPTION OF MAINTENANCE DECLARATION (this “Assignment”) is made as of                   , 20   (the “Effective Date”) by and between [INSERT RESPECTIVE SELLER], a                  , having an office located c/o Mack-Cali Realty Corporation, Harborside 3, 210 Hudson Street, Suite 400, Jersey City, New Jersey 07311 (“Assignor”), and                 , a                   , having an office located at                       (“Assignee”).

 

W I T N E S S E T H:

 

WHEREAS, the property commonly known as                       (the “Property”) is affected by that certain [INSERT RESPECTIVE DECLARATION FROM PSA] (collectively, including without limitation all exhibits and schedules attached thereto, the “Declaration”).

 

WHEREAS,  Assignor and Assignee are parties to that certain Agreement of Sale and Purchase dated                    , 20   (“Agreement”), pursuant to which Assignor shall assign to Assignee all of Assignor’s right, title and interest in and to the Declaration, and Assignee has agreed to accept the assignment of such right, title and interest in and to the Declaration and to assume all of Assignor’s right, title and interest in the Declaration.

 

NOW, THEREFORE, in consideration of the sum of Ten Dollars, the mutual covenants and conditions herein contained and for other good and valuable consideration, the parties intending to be legally bound, do hereby agree as follows:

 

1.                                      Assignor hereby quit claims, assigns, sells, transfers, sets over and conveys to Assignee, its successors and assigns, all of Assignor’s right, title and interest in and to the Declaration from and after the Effective Date, excluding any rights or positions within the respective association which requires the approval or affirmative vote of other members of such association.  Assignee hereby accepts the assignment, sale, transfer and conveyance of Assignor’s foregoing right, title and interest in and to the Declaration and agrees to assume, fulfill, perform and discharge all the various commitments, obligations and liabilities (collectively, “Obligations”) of Assignor under and by virtue of the Declaration arising from and after the Effective Date.

 

2.                                      Assignee hereby agrees to indemnify and hold Assignor harmless from all loss, expense or liability (including, without limitation, attorneys’ fees and disbursements) relating to the Obligations accruing from or after the Effective Date.

 

3.                                      Assignor hereby agrees to indemnify and hold Assignee harmless from all loss, expense or liability (including, without limitation, attorneys’ fees and disbursements) relating to the Obligations accruing prior to the Effective Date.

 

4.                                      This Assignment is made without representation, warranty (express or implied) or recourse of any kind, except as may be expressly provided herein or in the Agreement.

 

5.                                      This Assignment shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.  This Assignment shall be governed by, and construed under, the laws of the State of New York.

 

270

 

6.                                      This Assignment may be executed in one or more counterparts, each of which shall be deemed to be an original Assignment, but all of which shall constitute but one and the same Assignment.

 

IN WITNESS WHEREOF, Assignor and Assignee do hereby execute and deliver this Assignment as of the date and year first above written.

 

	
 
    	
ASSIGNOR:
    
	
 
    	
 
    
	
 
    	
                                                                  L.L.C.
    
	
 
    	
By:                                               ,   its sole member
    
	
 
    	
By:                                               ,   its general partner
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ASSIGNEE:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

271

 

EXHIBIT L

 

FORM OF DEED

 

BARGAIN AND SALE DEED WITHOUT

COVENANT AGAINST GRANTOR’S ACTS

 

THIS INDENTURE, made the   day of                          , 20   from                     L.L.C., a limited liability company organized under the laws of the State of New York and having an address c/o Mack-Cali Realty Corporation, Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ 07311 (“Grantor”) to                        , a                          having an address at                               (“Grantee”).

 

WITNESSETH, that Grantor, in consideration of the sum of TEN ($10.00) DOLLARS and other good and valuable consideration paid by Grantee, does hereby grant and release unto Grantee, the heirs or successors and assigns of Grantee forever,

 

ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being in the Town of            , County of Westchester, State of New York, known as             ,          , New York, and more particularly bounded and described on Schedule A annexed hereto and made a part hereof (the “Premises”).

 

TOGETHER with all right, title and interest, if any, of Grantor in and to any streets and roads abutting the Premises to the center lines thereof; TOGETHER with the appurtenances and all the estate and rights of Grantor in and to the Premises; TO HAVE AND TO HOLD the Premises herein granted, or mentioned and intended so to be, with such right, title and interest, if any, in said streets and roads, and such appurtenances, unto Grantee, the heirs or successors and assigns of Grantee forever.

 

AND Grantor, in compliance with Section 13 of the Lien Law, covenants that Grantor will receive the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of improvement and will apply the same first to the payment of the cost of improvement before using any part of the total of the same for any other purpose.

 

AND the Premises being and intended to be the same premises conveyed by deed, dated            ,     , from               to Grantor, recorded in the Office of the Westchester County Clerk, Division of Land Records on            ,      in Liber       page     (the “Preceding Deed”).

 

AND Grantor is the grantee named in the Preceding Deed.

 

[END OF PAGE]

 

272

 

IN WITNESS WHEREOF, Grantor has duly executed this deed the day and year first above written.

 

	
 
    	
                                                                  L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

ACKNOWLEDGEMENT

 

	
STATE OF NEW JERSEY
    	
 
    	
)
    
	
 
    	
 
    	
) ss:
    
	
COUNTY OF HUDSON
    	
 
    	
)
    

 

On the      day of          ,        before me, the undersigned, personally appeared                    , 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.

 

 

	
 
    	
 
    	
 
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
 
    
	
My Commission Expires:
    	
 
    	
 
    
	
 
    	
 
    	
 
    

 

273

 

Schedule A

(Description of Land)

 

274

 

BARGAIN AND SALE DEED WITHOUT

 

COVENANT AGAINST GRANTOR’S ACTS

 

 

                                                  L.L.C.,

 

“Grantor”

 

TO

 

“Grantee”

 

 

WARD:          

 

BLOCK:          

 

LOTS:                 

 

COUNTY:  Westchester

 

TOWN:          

 

STREET ADDRESS:                     - , New York

 

	
 
    	
RETURN BY MAIL TO:
    
	
 
    	
 
    
	
 
    	
Cohn Birnbaum & Shea P.C.
    
	
 
    	
100 Pearl Street - 12th Floor
    
	
 
    	
Hartford, CT 06103
    
	
 
    	
Attention: Richard J. Shea, Jr., Esq.
    

 

275

 

EXHIBIT M

 

OWNER’S AFFIDAVIT

 

	
STATE OF NEW JERSEY
    	
)
    
	
 
    	
) ss:
    
	
COUNTY OF HUDSON
    	
)
    

 

First American Title Insurance Company (“First American”), and its co-insurer(s) (collectively, “Title Company”)

 

First American title nos.

 

PROPERTY ADDRESS

 

County, New York (the “Property”)

 

BEFORE ME, the undersigned personally appeared Gary T. Wagner (“Affiant”), General Counsel of Mack-Cali Realty Corporation, the general partner of Mack-Cali Realty, L.P., the sole member of                              L.L.C. (“Owner”), who first being duly sworn, deposes and says that to his knowledge:

 

1.                                      That Affiant is duly authorized to make this affidavit on behalf of Owner.

 

2.                                      That there are no individuals or entities in possession of the Property, except pursuant to the Lease documents set forth on the Lease Schedule annexed hereto as Exhibit A or pursuant to recorded documents.

 

3.                                      That there has been no work done, services rendered or materials furnished in connection with repairs, improvements, development, construction, removal, alterations, demolition or such similar activity on or incident to the referenced property within 180 days prior to the date of this Affidavit other than that which has been or will be paid in the ordinary course of business by either Owner, a tenant or the grantee.

 

4.                                      That Owner has never been declared a bankrupt.

 

5.                                      That there are no unrecorded mortgages, encumbrances or easements adversely affecting the Property which are known to the undersigned.

 

6.                                      That all food service businesses or establishments at the Property, whether retail or wholesale, cooked or uncooked, are wholly tenant operated or owned and not affiliated with Owner or its principals in any manner whatsoever.

 

7.                                      [MWEP ONLY - That there has not been a five (5) year abandonment of any of the Mid-Westchester properties, which is a condition of these properties maintaining their rights to an appurtenant easement over the adjacent Con Edison property.]

 

[Signatures on following page]

 

276

 

This affidavit is made for the purpose of inducing the Title Company to issue a title insurance policy in reliance on the statements set forth herein.

 

	
 
    	
                                                                  L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

Sworn to and subscribed before me

 

this      day of               , 20

 

	
 
    	
 
    
	
Notary Public
    	
 
    

 

277

 

Exhibit A

 

Lease Schedule

 

278

 

EXHIBIT N

 

FORM OF ASSOCIATION

ESTOPPEL CERTIFICATE

 

THIS ESTOPPEL CERTIFICATE (this “Certificate”) is made as of [             ], 2019 by                                , having an address at                        (the “Association”) in favor of                            , having an address at                                          (“Purchaser”) and each of its assigns and transferees and their respective lenders.

 

RECITALS

 

A.                                    Reference is hereby made to the following documents (hereafter collectively referred to as the “Declaration”):  [Insert Declaration and amendments].

 

B.                                    Purchaser and [                         ] (“Seller”) have entered into an Agreement of Sale and Purchase, dated as of [            ], 2019, by which Seller agreed to sell to Purchaser (or an affiliate thereof) [                     ] (the “Property”).

 

C.                                    The Association has been informed that [              ] (the “Lender”) anticipates making a loan (the “Loan”) to Purchaser pursuant to a certain [Loan Agreement] between Purchaser and Lender (together with any and all extensions, renewals, substitutions, replacements, amendments, modifications and/or restatements thereof shall collectively be referred to as the “Loan Agreement”), and secured by a certain [Mortgage] (as defined in the Loan Agreement) (the “Mortgage”) encumbering the Property, which Property is subject to the Declaration.

 

NOW THEREFORE, for good and valuable consideration, with the understanding that Purchaser and its lenders will be relying on the statements herein in acquiring and financing the Property, the Association hereby certifies for the benefit of Purchaser, and each of its assigns and transferees and their respective lenders, that:

 

(a)                                                                                 The Declaration described in Recital A is the Declaration and there are no other understandings, written or oral, with respect to the subject matter set forth therein among [                ] (the “Declarant”) and the Association other than as set forth in the Declaration.

 

(b)                                                                                 The Declaration is valid and in full force and effect, and, other than as set forth in Recital A, has not been supplemented, amended, modified or superseded since its original execution, and no other agreements or understandings, written or oral, (other than the Declaration) exist between or among the Declarant and the Association.

 

(c)                                                                                  Seller or Declarant does not owe any fees, dues, charges, and assessments, whether annual, monthly, regular, special or otherwise (collectively, the “Assessments”) and all amounts due by Seller or Declarant under the Declaration have been paid to date.  The Association has not established and does not expect to establish for the next two (2) calendar years any supplemental assessments or special assessments pursuant to the Declaration.  The Association has not established a working capital or any other similar type of reserve.  [               ] paid $[            ] in Assessments for the year 2018.

 

(d)                                                                                 The Association has not proposed any significant capital expenditures for the current or two next succeeding calendar years.

 

279

 

(e)                                                                                  There are no judgments, suits or claims pending, filed or threatened against the Association.

 

(f)                                                                                   To the Association’s knowledge, neither the Seller nor Declarant nor any other parties to the Declaration are in default or in violation of any of their obligations under the Declaration nor has any event occurred that, with the giving of notice, the passage of time or both would constitute a default by Seller or Declarant (or any other parties to the Declaration) under the Declaration.

 

(g)                                                                                  The Association has not received written notice of any pending eminent domain proceedings or other proceedings of any kind affecting the Declaration or any of the Property (as defined in the Declaration) subject to the Declaration.

 

(h)                                                                                 The Association is not a party to any loan, credit agreement or other arrangement for any extension of credit, whether funded or to be funded.

 

(i)                                                                                     Neither the Seller, the Declarant nor any party to the Declaration has any right of first refusal or option to purchase the Property.

 

(j)                                                                                    Lender may, by notice to the Association, require that copies of notices sent by the Association to Purchaser be sent contemporaneously to Lender.

 

(k)                                                                                 All notices, demands, consents or requests which are either required or desired to be given or furnished hereunder or under the Declaration shall be sent to the Association at the address set forth in the preamble to this Agreement (or to such other address as may be designated by any party hereto in writing to the other parties hereto).

 

The Association represents and warrants that the signatory executing this Certificate on its behalf is duly authorized to so execute this Certificate.

 

At Purchaser’ request, the Association agrees to provide an update to this Certificate within ten (10) days prior to Purchaser’s closing on the acquisition of the Property.

 

This Certificate is being delivered with the knowledge that Purchaser and Lender a and their respective successors and assigns, will rely upon this Certificate in connection with the purchase and financing of the Property.  This Certificate and the representations, warranties and covenants contained herein is given with the understanding that this Certificate constitutes a material inducement for Lender in making the Loan to Purchaser and that Lender shall rely hereon in making the Loan to Purchaser.  This Certificate and the representations, warranties and covenants contained herein may be relied upon by Lender, its successors and assigns and any nationally recognized statistical rating agency rating any securities issued in connection with the Loan or any portion thereof.

 

[NO FURTHER TEXT ON THIS PAGE]

 

280

 

IN WITNESS WHEREOF, the undersigned have executed this Certificate is dated as of                   , 2019.

 

	
 
    	
ASSOCIATION:
    
	
 
    	
 
    
	
 
    	
[Name]
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

281

 

EXHIBIT O

 

HIG WIRE INSTRUCTIONS

 

H.I.G. Realty Partners III (Onshore), L.P. — 68.9767%

H.I.G. Realty Partners III (Offshore), L.P. — 31.0233%

 

(Attached)

 

282

 

EXHIBIT P

 

MAJOR TENANTS AND SNDA TENANTS

 

Major Tenants:

 

	
100 CORPORATE BOULEVARD
    	
 
    	
MONTEFIORE MEDICAL CENTER
    	
 
    	
64,382
    
	
200 CORPORATE BLVD S
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    	
 
    	
43,360
    
	
3 EXECUTIVE BOULEVARD
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    	
 
    	
53,975
    
	
3 ODELL PLAZA
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    	
 
    	
71,065
    
	
4 EXECUTIVE PLAZA
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    	
 
    	
33,430
    
	
6 EXECUTIVE PLAZA
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    	
 
    	
34,060
    
	
1 EXECUTIVE BOULEVARD
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    	
 
    	
7,300
    
	
17 SKYLINE DRIVE
    	
 
    	
TIERPOINT NEW YORK LLC,
    	
 
    	
85,000
    
	
11 SKYLINE DRIVE
    	
 
    	
TIERPOINT NEW YORK LLC,
    	
 
    	
46,078
    
	
399 EXECUTIVE BOULEVARD
    	
 
    	
TOWN SPORTS INTERNATIONAL LLC,
    	
 
    	
81,686
    
	
250 CLEARBROOK ROAD
    	
 
    	
FABRICATION ENTERPRISES INC.,
    	
 
    	
81,394
    
	
4 SKYLINE DRIVE
    	
 
    	
OPTICAL DISTRIBUTOR GROUP LLC,
    	
 
    	
63,017
    
	
5 SKYLINE DRIVE
    	
 
    	
CONRI SERVICES INC.,
    	
 
    	
54,894
    
	
8 WESTCHESTER PLAZA
    	
 
    	
MYPUBLISHER INC.,
    	
 
    	
40,032
    
	
6 EXECUTIVE PLAZA
    	
 
    	
CSC HOLDINGS INC.,
    	
 
    	
38,900
    
	
200 CLEARBROOK ROAD
    	
 
    	
FOOD BANK FOR WESTCHESTER INC,
    	
 
    	
36,688
    
	
101 EXECUTIVE
    	
 
    	
METROPOLITAN TRANSPORTATION AUTHORITY
    	
 
    	
35,000
    
	
7 WESTCHESTER PLAZA
    	
 
    	
EMIGRANT BANK,
    	
 
    	
34,006
    
	
75 CLEARBROOK ROAD
    	
 
    	
EVENING OUT INC.,
    	
 
    	
32,720
    
	
3 WESTCHESTER PLAZA
    	
 
    	
SECURITAS ELECTRONIC SECURITY,
    	
 
    	
32,250
    
	
7 SKYLINE DRIVE
    	
 
    	
MATRIX ABSENCE MANAGEMENT INC,
    	
 
    	
31,435
    
	
2 SKYLINE DRIVE
    	
 
    	
ALLSTAR MARKETING GROUP LLC,
    	
 
    	
30,000
    
	
7 SKYLINE DRIVE
    	
 
    	
TRAUB LIEBERMAN STRAUS & SHRE,
    	
 
    	
28,007
    
	
15 SKYLINE DRIVE
    	
 
    	
SCHMERSAL INC.
    	
 
    	
27,365
    
	
1 ODELL PLAZA
    	
 
    	
CRESTWOOD TECHNOLOGY GROUP,
    	
 
    	
25,312
    
	
525 EXECUTIVE BOULEVARD
    	
 
    	
VIE DE FRANCE YAMAZAKI INC.,
    	
 
    	
24,678
    
	
300 EXECUTIVE BOULEVARD
    	
 
    	
PUBLISHERS CIRCULATION FULFIL,
    	
 
    	
24,112
    
	
150 & 175 CLEARBROOK ROAD
    	
 
    	
HYPRES INC.,
    	
 
    	
23,745
    
	
5 SKYLINE DRIVE
    	
 
    	
BTX TECHNOLOGIES INC.,
    	
 
    	
23,060
    
	
1 EXECUTIVE BOULEVARD
    	
 
    	
BRONX-LEBANON HOSPITAL CTR,THE
    	
 
    	
21,589
    
	
1 ODELL PLAZA
    	
 
    	
CHIARA LLC,
    	
 
    	
20,516
    
	
4 WESTCHESTER PLAZA
    	
 
    	
NOVAMED-USA INC.,
    	
 
    	
20,288
    
	
15 SKYLINE DRIVE
    	
 
    	
CITY OF NEW YORK, THE
    	
 
    	
20,285
    
	
6 & 7 WESTCHESTER PLAZA
    	
 
    	
FIRE END & CROKER CORP.,
    	
 
    	
23,089
    

 

283

 

SNDA Tenants:

 

	
ADDRESS
    	
 
    	
TENANT
    
	
100 CORPORATE BOULEVARD
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    
	
200 CORPORATE BLVD S
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    
	
3 EXECUTIVE BOULEVARD
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    
	
3 ODELL PLAZA
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    
	
4 EXECUTIVE PLAZA
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    
	
6 EXECUTIVE PLAZA
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    
	
1 EXECUTIVE BOULEVARD
    	
 
    	
MONTEFIORE MEDICAL CENTER,
    
	
17 SKYLINE DRIVE
    	
 
    	
TIERPOINT NEW YORK LLC,
    
	
11 SKYLINE DRIVE
    	
 
    	
TIERPOINT NEW YORK LLC,
    
	
399 EXECUTIVE BOULEVARD
    	
 
    	
TOWN SPORTS INTERNATIONAL LLC,
    
	
4 SKYLINE DRIVE
    	
 
    	
OPTICAL DISTRIBUTOR GROUP LLC,
    
	
8 WESTCHESTER PLAZA
    	
 
    	
MYPUBLISHER INC.,
    
	
101 EXECUTIVE
    	
 
    	
METROPOLITAN TRANSPORTATION AUTHORITY
    
	
75 CLEARBROOK ROAD
    	
 
    	
EVENING OUT INC.,
    
	
15 SKYLINE DRIVE
    	
 
    	
CITY OF NEW YORK, THE
    

 

284

 

EXHIBIT Q

 

ROFO (MACK) AFFIDAVIT

 

	
STATE OF NEW JERSEY
    	
 
    	
)
    
	
 
    	
 
    	
) ss:
    
	
COUNTY OF HUDSON
    	
 
    	
)
    

 

First American Title Insurance Company (“First American”), and its co-insurer(s) (collectively, “Title Company”)

 

First American title nos.

 

BEFORE ME, the undersigned personally appeared Gary T. Wagner (the “Affiant”), General Counsel of Mack-Cali Sub XVII, Inc., the general partner of Mack-Cali Texas Property L.P., the sole member of each of CLEARBROOK ROAD ASSOCIATES L.L.C., 225 CORPORATE REALTY L.L.C. and 3 ODELL REALTY L.L.C. (collectively, the “Seller”), who first being duly sworn, deposes and says that to his knowledge:

 

1.             That Affiant is duly authorized to make this affidavit on behalf of the Seller.

 

2.             That the Seller delivered, with respect to the Mack Contribution and Exchange Agreement, a written notice of proposed sale and terms to each ROFO (Mack) Party in accordance with the terms of the ROFO (Mack) Rights, which ROFO (Mack) Rights are attributable to the properties listed in Exhibit A attached hereto.

 

3.             That each ROFO (Mack) Party, respectively, either provided notice waiving or otherwise failed to timely exercise their respective ROFO (Mack) Rights attributable to such properties.

 

Any defined terms used, but not defined herein, shall have the meanings ascribed to such terms in the Agreement of Purchase and Sale made by and between the Seller and other sellers and RMC ACQUISITION ENTITY, LLC dated as of February   , 2019 (the “Agreement”).

 

[Signatures on following page]

 

285

 

This affidavit is made for the purpose of inducing (x) the purchaser under the Agreement (the “Purchaser”) to close the transactions contemplated thereunder and (y) the Title Company to issue a title insurance policy in reliance on the statements set forth herein.  The Seller hereby indemnifies and holds harmless the Purchaser and the Title Company for any claim, cost, loss or damage arising from or in connection with the subject ROFO (Mack) Rights described hereinabove.

 

 

	
 
    	
CLEARBROOK ROAD ASSOCIATES   L.L.C., 225 CORPORATE REALTY L.L.C. and 3 ODELL   REALTY L.L.C.
    
	
 
    	
By: Mack-Cali Texas   Property L.P., sole member
    
	
 
    	
By: Mack-Cali Sub   XVII, Inc., its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

Sworn to and subscribed before me

 

this      day of               , 2019

 

 

	
 
    	
 
    
	
Notary Public
    	
 
    

 

286

 

Exhibit A

 

 

1.                                      125 Clearbrook Rd, Elmsford, NY

2.                                      3 Odell Plaza, Yonkers, NY

3.                                      225 Corporate Boulevard, Yonkers, NY

 

287

 

EXHIBIT R

 

ROFO (RM) AFFIDAVIT

 

	
STATE OF NEW JERSEY
    	
 
    	
)
    
	
 
    	
 
    	
) ss:
    
	
COUNTY OF HUDSON
    	
 
    	
)
    

 

First American Title Insurance Company (“First American”), and its co-insurer(s) (collectively, “Title Company”)

 

First American title nos.

 

BEFORE ME, the undersigned personally appeared Gary T. Wagner (the “Affiant”), General Counsel of Mack-Cali Realty Corporation, the general partner of Mack-Cali Realty, L.P., the sole member of each of MACK-CALI CW REALTY ASSOCIATES L.L.C., CROSS WESTCHESTER REALTY ASSOCIATES L.L.C., SO. WESTCHESTER REALTY ASSOCIATES L.L.C., MACK-CALI SO. WEST REALTY ASSOCIATES L.L.C., MID-WESTCHESTER REALTY ASSOCIATES L.L.C., MACK-CALI MID-WEST REALTY ASSOCIATES L.L.C., 5/6 SKYLINE REALTY L.L.C. and TALLEYRAND REALTY ASSOCIATES L.L.C. (collectively, the “Seller”), who first being duly sworn, deposes and says that to his knowledge:

 

1.             That Affiant is duly authorized to make this affidavit on behalf of the Seller.

 

2.             That the Seller delivered, with respect to the Contribution and Exchange Agreement (RM), a written notice of proposed sale and terms to each ROFO (RM) Party in accordance with the terms of the ROFO (RM) Rights, which ROFO (RM) Rights are attributable to the properties listed in Exhibit A attached hereto.

 

3.             That each ROFO (RM) Party, respectively, either provided notice waiving or otherwise failed to timely exercise their respective ROFO (RM) Rights attributable to such properties, and terminated its ROFO (RM) Rights pursuant to Section 7.5(a) of the Agreement.

 

Any defined terms used, but not defined herein, shall have the meanings ascribed to such terms in the Agreement of Purchase and Sale made by and between the Seller and other sellers and RMC Acquisition Entity, LLC dated as of February   , 2019 (the “Agreement”).

 

[Signatures on following page]

 

288

 

This affidavit is made for the purpose of inducing (x) the purchaser under the Agreement (the “Purchaser”) to close the transactions contemplated thereunder and (y) the Title Company to issue a title insurance policy in reliance on the statements set forth herein.  The Seller hereby indemnifies and holds harmless the Purchaser and the Title Company for any claim, cost, loss or damage arising from or in connection with the ROFO (RM) Rights attributable to such properties.

 

 

	
 
    	
MACK-CALI CW REALTY ASSOCIATES   L.L.C., CROSS WESTCHESTER REALTY ASSOCIATES L.L.C., SO. WESTCHESTER REALTY   ASSOCIATES L.L.C., MACK-CALI SO. WEST REALTY ASSOCIATES L.L.C.,   MID-WESTCHESTER REALTY ASSOCIATES L.L.C., MACK-CALI MID-WEST REALTY   ASSOCIATES L.L.C., 5/6 SKYLINE REALTY L.L.C. and TALLEYRAND REALTY ASSOCIATES L.L.C.
    
	
 
    	
By:  Mack-Cali Realty, L.P., its sole member
    
	
 
    	
By:  Mack-Cali Realty Corporation, its general   partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Gary   T. Wagner, General Counsel
    

 

Sworn to and subscribed before me

 

this      day of               , 2019

 

	
 
    	
 
    
	
Notary Public
    	
 
    

 

289

 

Exhibit A

 

1.                                      1 Westchester Plaza, Elmsford, NY

2.                                      11 Clearbrook Rd, Elmsford, NY

3.                                      100 Clearbrook Rd, Elmsford, NY

4.                                      150 Clearbrook Rd, Elmsford, NY

5.                                      175 Clearbrook Rd, Elmsford, NY

6.                                      2 Westchester Plaza, Elmsford, NY

7.                                      200 Clearbrook Rd, Elmsford, NY

8.                                      250 Clearbrook Rd, Elmsford, NY

9.                                      3 Westchester Plaza, Elmsford, NY

10.                               300 Executive Blvd, Elmsford, NY

11.                               350 Executive Blvd, Elmsford, NY

12.                               399 Executive Blvd, Elmsford, NY

13.                               4 Westchester Plaza, Elmsford, NY

14.                               400 Executive Blvd, Elmsford, NY

15.                               5 Westchester Plaza, Elmsford, NY

16.                               50 Executive Blvd, Elmsford, NY

17.                               500 Executive Blvd, Elmsford, NY

18.                               525 Executive Blvd, Elmsford, NY

19.                               6 Westchester Plaza, Elmsford, NY

20.                               7 Westchester Plaza, Elmsford, NY

21.                               75 Clearbrook Rd, Elmsford, NY

22.                               77 Executive Blvd, Elmsford, NY

23.                               8 Westchester Plaza, Elmsford, NY

24.                               85 Executive Blvd, Elmsford, NY

25.                               101 Executive Blvd, Elmsford, NY

26.                               10 Skyline Dr,  Hawthorne, NY

27.                               11 Skyline Dr, Hawthorne, NY

28.                               15 Skyline Dr, Hawthorne, NY

29.                               200 Saw Mill River Rd, Hawthorne, NY

30.                               1 Skyline Dr, Hawthorne, NY

31.                               2 Skyline Dr, Hawthorne, NY

32.                               4 Skyline Dr, Hawthorne, NY

33.                               5 Skyline Dr, Hawthorne, NY

34.                               6 Skyline Dr, Hawthorne, NY

35.                               8 Skyline Dr, Hawthorne, NY

36.                               17 Skyline Dr, Hawthorne, NY

37.                               1 Odell Plaza, Yonkers, NY

38.                               100 Corporate Blvd, Yonkers, NY

39.                               200 Corporate Blvd South, Yonkers, NY

40.                               4 Executive Plaza, Yonkers, NY

41.                               5 Odell Plaza, Yonkers, NY

42.                               6 Executive Plaza, Yonkers, NY

43.                               7 Odell Plaza, Yonkers, NY

44.                               240 White Plains Rd, Tarrytown, NY

45.                               1 Executive Blvd, Elmsford, NY

46.                               2 Executive Blvd, Elmsford, NY

47.                               3 Executive Blvd, Elmsford, NY

 

290

 

EXHIBIT S

 

SNDA

 

Subordination, Non-Disturbance and Attornment Agreement

 

THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (the “Agreement”) is made as of this         day of                     , 20     , which date shall be the effective date of this Agreement, between                                       , a                 (the “Tenant”) and BANK OF AMERICA, N.A., a national banking association, and having its principal offices in Charlotte, North Carolina (together with its successors and/or assigns the “Lender”).

 

The Tenant is the lessee under the lease described in Exhibit A attached hereto (as the same may from time to time be assigned, subleased, renewed, extended, amended, modified or supplemented, collectively the “Lease”).

 

The Lender has previously made or is about to make a loan to                                    , a                              or its successor and/or assigns with respect to the landlord’s interest under the Lease (the “Landlord”), evidenced by a promissory note in the original principal amount of approximately $                executed by the Landlord and payable to the Lender and secured by a first priority deed of trust, mortgage or deed to secure debt on certain real and personal property and improvements (the “Premises”), recorded or to be recorded in the appropriate records of                County,                       (the “Security Instrument”).

 

The Lender has requested the Tenant to confirm the fact that the Lease is subject and subordinate to the Security Instrument.

 

The Tenant is willing to confirm the subordination of the Lease, provided it obtains assurance from the Lender that its possession of the premises demised under the Lease (the “Demised Premises), which Demised Premises is all or a portion of the Premises, and its right to use any common areas will not be disturbed by reason of or in the event of the foreclosure of the Security Instrument.

 

The Lender is willing to give such assurance.

 

NOW, THEREFORE, for and in consideration of the mutual agreements herein contained and other good and valuable consideration, the parties hereto do hereby mutually covenant and agree as follows:

 

1.             The Tenant hereby subordinates the Lease and all terms and conditions contained therein and all rights, options, liens and charges created thereby to the Security Instrument and the lien thereof, and to all present or future advances under the obligations secured thereby and to all renewals, extensions, amendments, modifications and/or supplements of same, to the full extent of all amounts secured thereby from time to time.

 

2.             So long as no event of default on the part of the Tenant under the Lease shall exist which would entitle the Landlord to terminate the Lease, or if such an event of default shall exist, so long as the Tenant’s time to cure the default shall not have expired, the term of the Lease shall not be terminated or modified in any respect whatsoever and the Tenant’s right of possession to the Demised Premises and its rights in and to any common areas and its other rights arising out of the Lease will all be fully recognized

 

 

and protected by the Lender and shall not be disturbed, canceled, terminated or otherwise affected by reason of the Security Instrument or any action or proceeding instituted by the Lender to foreclose the Security Instrument, or any extension, renewal, consolidation or replacement of same, irrespective of whether the Tenant shall have been joined in any action or proceeding.

 

3.             In the event that the Lender takes possession of the Premises, either as the result of foreclosure of the Security Instrument or accepting a deed to the Premises in lieu of foreclosure, or otherwise, or the Premises shall be purchased at such a foreclosure by a third party, the Tenant shall attorn to the Lender or such third party and recognize the Lender or such third party as its landlord under the Lease, and the Lender or such third party will recognize and accept the Tenant as its tenant thereunder, whereupon, the Lease shall continue in full force and effect as a direct lease between the Lender or such third party and the Tenant for the full term thereof, together with all extensions and renewals thereof, and the Lender or such third party shall thereafter assume and perform all of the Landlord’s obligations, as the landlord under the Lease with the same force and effect as if the Lender or such third party were originally named therein as the Landlord; provided, however, that the Lender or such third party shall not be:

 

(a)           liable for any act or omission of any prior landlord (including the Landlord), except to the extent the Lender was furnished notice and opportunity to cure the same in accordance with the provisions of this Agreement prior to taking possession of such Premises; or

 

(b)           subject to any offsets or defenses which the Tenant might have against any prior landlord (including the Landlord), except to the extent the Lender was furnished notice and opportunity to cure the same in accordance with the provisions of this Agreement prior to taking possession of such Premises; or

 

(c)           bound by any rent or additional rent which the Tenant might have paid for more than two (2) months in advance to any prior landlord (including the Landlord); or

 

(d)           bound by any amendment or modification of the Lease not consented to in writing by the Lender.

 

4.             Notwithstanding anything to the contrary in this Agreement or otherwise, in the event the Lender or a third party takes possession of the Premises as provided in paragraph 3 above, the liability of the Lender or such third party under the Lease shall be limited to the Lender’s or such third parties, as the case may be, interest in the Premises, and upon any assignment or other transfer of the Lender’s or such third-party’s interest in the Premises, the Lender or such third party, as applicable, shall be discharged and released from any obligation or liability under the Lease arising or accruing after the date of such assignment or transfer.

 

5.             Tenant agrees not to subordinate the Lease to any other lien or encumbrance which (i) affects the Premises under the Lease, or any part thereof, or (ii) is junior to the Security Instrument, without the express written consent of the Lender, and any such subordination or any such attempted subordination or agreement to subordinate without such consent of Lender, shall be void and of no force and effect.

 

6.             Tenant agrees to provide copies of all notices given Landlord under the Lease to Lender at the following address:

 

 

Lender:                                                      Bank of America Merrill Lynch
 Real Estate Structured Finance Servicing 
 NC1-026-06-01
 900 West Trade Street, Suite 650
 Charlotte, North Carolina  28255
 Telephone:  (866) 531-0957
 Telecopy:  (704) 317-0771

 

or to such other address as Lender shall designate in writing; and all such notices shall be in writing and shall be considered as properly given if (i) mailed to the addressee by first class United States mail, postage prepaid, registered or certified with return receipt requested, (ii) by delivering same in person to the addressee, or (iii) by delivery to a third party commercial delivery service for same day or next day delivery to the office of the addressee with proof of delivery; any notice so given shall be effective, as applicable, upon (a) the third (3rd) day following the day such notice is deposited with the United States mail, (b) delivery to the addressee, or (c) upon delivery to such third party delivery service; and any notice given in any other manner shall be effective only if and when received by the addressee.

 

7.             In the event Landlord shall fail to perform or observe any of the terms, conditions or agreements in the Lease, Tenant shall give written notice thereof to Lender and Lender shall have the right (but not the obligation) to cure such default.  Tenant shall not take any action with respect to such default under the Lease (including without limitation any action in order to terminate, rescind or avoid the Lease or to withhold any rent or other monetary obligations thereunder) for a period of thirty (30) days following receipt of such written notice by Lender; provided, however, that in the case of any default which cannot with diligence be cured within such thirty (30) day period, if Lender shall proceed promptly to cure such default and thereafter prosecute the curing of such default with diligence and continuity, then the time within which such default may be cured shall be extended for such period as may be necessary to complete the curing of such default with diligence and continuity.

 

8.             Nothing contained in this Agreement shall in any way impair or affect the lien created by the Security Instrument, except as specifically set forth herein.

 

9.             This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, that in the event of the assignment or transfer of the interest of the Lender to a party that assumes the Lender’s obligations and liabilities hereunder, all obligations and liabilities of the Lender under this Agreement shall terminate, and thereupon all such obligations and liabilities shall be the responsibility of the party to whom the Lender’s interest is assigned or transferred.

 

10.          In the event of any litigation or other legal proceeding arising between the parties to this Agreement, whether relating to the enforcement of a party’s rights under this Agreement or otherwise, the prevailing party shall be entitled to receive its reasonable attorney’s fees and costs of suit from the non-prevailing party in such amount as the court shall determine.

 

 

	
WITNESS/ATTEST:
    	
 
    	
TENANT:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
WITNESS/ATTEST:
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
WITNESS/ATTEST:
    	
 
    	
LENDER:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
BANK OF AMERICA, N.A.,   a national banking association
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
WITNESS/ATTEST:
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

 

STATE OF

 

COUNTY OF

 

I,                          , a Notary Public of the County and State aforesaid, certify that                             , personally came before me this day and acknowledged that (s)he is a                           of                                          , the                      of                                                         , that executed the foregoing instrument, and acknowledged to me that the same was the act of the said                   , and that (s)he executed the same as the act of such                    for the purposes and consideration therein expressed and in the capacity therein stated.

 

WITNESS my hand and official stamp or seal, this        day of                  , 20   .

 

 

	
 
    	
 
    	
 
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
 
    
	
My Commission Expires:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(Notary Seal)
    	
 
    	
 
    

 

 

STATE OF

 

COUNTY OF

 

I,                          , a Notary Public of the County and State aforesaid, certify that                             , personally came before me this day and acknowledged that (s)he is a                      of Bank of America, N.A., a national banking association, that executed the foregoing instrument, and acknowledged to me that the same was the act of the said association, and that (s)he executed the same as the act of such association for the purposes and consideration therein expressed and in the capacity therein stated.

 

WITNESS my hand and official stamp or seal, this        day of             , 20   .

 

 

	
 
    	
 
    	
 
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
 
    
	
My Commission Expires:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(Notary Seal)

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