Document:

exv10w1

Exhibit 10.1

STOCK PURCHASE AGREEMENT

by and among

MEADVILLE HOLDINGS LIMITED,

MTG INVESTMENT (BVI) LIMITED,

TTM TECHNOLOGIES, INC.,

TTM TECHNOLOGIES INTERNATIONAL, INC.

and

TTM HONG KONG LIMITED

Dated as of November 16, 2009

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	ARTICLE I DEFINITIONS AND TERMS	 	 	2	 
	 
	 	 	 	 	 	 
	Section 1.1
	 	Certain Definitions	 	 	2	 
	Section 1.2
	 	Other Terms	 	 	18	 
	Section 1.3
	 	Other Definitional Provisions	 	 	18	 
	 
	 	 	 	 	 	 
	ARTICLE II PURCHASE AND SALE OF THE TRANSFERRED EQUITY INTERESTS	 	 	19	 
	 
	 	 	 	 	 	 
	Section 2.1
	 	Purchase and Sale	 	 	19	 
	Section 2.2
	 	Purchase Price	 	 	19	 
	Section 2.3
	 	Closing	 	 	19	 
	Section 2.4
	 	Deliveries by the Buyer Parties	 	 	19	 
	Section 2.5
	 	Deliveries by Seller Parties	 	 	20	 
	Section 2.6
	 	Certain Adjustments	 	 	21	 
	 
	 	 	 	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES RELATING TO SELLER PARTIES	 	 	21	 
	 
	 	 	 	 	 	 
	Section 3.1
	 	Organization and Qualification; Residency	 	 	21	 
	Section 3.2
	 	Ownership	 	 	21	 
	Section 3.3
	 	Corporate Authority	 	 	22	 
	Section 3.4
	 	Binding Effect	 	 	22	 
	Section 3.5
	 	Consents and Approvals	 	 	23	 
	Section 3.6
	 	Non-Contravention	 	 	23	 
	Section 3.7
	 	Finders’ Fees	 	 	24	 
	Section 3.8
	 	Litigation	 	 	24	 
	Section 3.9
	 	HSR Act	 	 	24	 
	Section 3.10
	 	Seller Parent Public Reports	 	 	24	 
	Section 3.11
	 	Information in Circular	 	 	24	 
	Section 3.12
	 	Information in Form S-4 and Proxy Statement	 	 	24	 
	Section 3.13
	 	Filings	 	 	25	 
	Section 3.14
	 	No Other Representations or Warranties	 	 	25	 
	 
	 	 	 	 	 	 
	ARTICLE IV REPRESENTATIONS AND WARRANTIES RELATING TO THE TRANSFERRED ENTITIES AND THE PCB BUSINESS
	 	 	26	 
	 
	 	 	 	 	 	 
	Section 4.1
	 	Organization and Qualification	 	 	26	 
	Section 4.2
	 	Capitalization	 	 	26	 
	Section 4.3
	 	Consents and Approvals	 	 	27	 
	Section 4.4
	 	Non-Contravention	 	 	27	 
	Section 4.5
	 	Financial Information	 	 	28	 
	Section 4.6
	 	Litigation and Claims	 	 	29	 
	Section 4.7
	 	Taxes	 	 	29	 
	Section 4.8
	 	Employee Benefits	 	 	30	 

i

 

	 	 	 	 	 	 	 
	Section 4.9
	 	Permits	 	 	32	 
	Section 4.10
	 	Environmental Matters	 	 	32	 
	Section 4.11
	 	Intellectual Property	 	 	33	 
	Section 4.12
	 	Labor	 	 	34	 
	Section 4.13
	 	Contracts	 	 	35	 
	Section 4.14
	 	Absence of Changes	 	 	36	 
	Section 4.15
	 	Absence of Undisclosed Liabilities	 	 	36	 
	Section 4.16
	 	Real Property	 	 	37	 
	Section 4.17
	 	Entire and Sole Business; Sufficiency of Assets	 	 	38	 
	Section 4.18
	 	Compliance With Laws	 	 	38	 
	Section 4.19
	 	Insurance	 	 	39	 
	Section 4.20
	 	Board and Shareholder Approval	 	 	39	 
	Section 4.21
	 	Finders’ Fees	 	 	39	 
	Section 4.22
	 	Affiliate Arrangements	 	 	39	 
	Section 4.23
	 	Customers and Suppliers	 	 	40	 
	Section 4.24
	 	No Other Representations or Warranties	 	 	40	 
	 
	 	 	 	 	 	 
	ARTICLE V REPRESENTATIONS AND WARRANTIES RELATING TO BUYER PARTIES	 	 	41	 
	 
	 	 	 	 	 	 
	Section 5.1
	 	Organization and Qualification	 	 	41	 
	Section 5.2
	 	Capitalization	 	 	41	 
	Section 5.3
	 	Corporate Authorization	 	 	43	 
	Section 5.4
	 	Consents and Approvals	 	 	43	 
	Section 5.5
	 	Non-Contravention	 	 	44	 
	Section 5.6
	 	Binding Effect	 	 	44	 
	Section 5.7
	 	Equity Consideration	 	 	44	 
	Section 5.8
	 	SEC Matters	 	 	45	 
	Section 5.9
	 	Absence of Undisclosed Liabilities	 	 	46	 
	Section 5.10
	 	Absence of Certain Changes	 	 	46	 
	Section 5.11
	 	Financial Capability	 	 	46	 
	Section 5.12
	 	Investment Purpose	 	 	46	 
	Section 5.13
	 	Legends	 	 	46	 
	Section 5.14
	 	Information in Form S-4 and Proxy Statement	 	 	47	 
	Section 5.15
	 	Information in Circular	 	 	47	 
	Section 5.16
	 	Filings	 	 	47	 
	Section 5.17
	 	Finders’ Fees	 	 	47	 
	Section 5.18
	 	Litigation and Claims	 	 	47	 
	Section 5.19
	 	Permits	 	 	48	 
	Section 5.20
	 	Environmental Matters	 	 	48	 
	Section 5.21
	 	Intellectual Property	 	 	49	 
	Section 5.22
	 	Compliance With Laws	 	 	50	 
	Section 5.23
	 	Taxes	 	 	51	 
	Section 5.24
	 	Employee Benefits	 	 	53	 
	Section 5.25
	 	Labor	 	 	55	 
	Section 5.26
	 	Contracts	 	 	55	 

ii

 

	 	 	 	 	 	 	 
	Section 5.27
	 	Real Property	 	 	57	 
	Section 5.28
	 	Sufficiency of Assets	 	 	57	 
	Section 5.29
	 	Insurance	 	 	58	 
	Section 5.30
	 	Affiliate Arrangements	 	 	58	 
	Section 5.31
	 	Customers and Suppliers	 	 	58	 
	Section 5.32
	 	No Other Representations or Warranties	 	 	59	 
	 
	 	 	 	 	 	 
	ARTICLE VI COVENANTS	 	 	59	 
	 
	 	 	 	 	 	 
	Section 6.1
	 	Access and Information	 	 	59	 
	Section 6.2
	 	Conduct of Business of the Transferred Entities	 	 	62	 
	Section 6.3
	 	Conduct of Business of Buyer Ultimate Parent	 	 	64	 
	Section 6.4
	 	Reasonable Best Efforts	 	 	66	 
	Section 6.5
	 	Tax Matters	 	 	69	 
	Section 6.6
	 	Ancillary Agreements	 	 	73	 
	Section 6.7
	 	Insurance	 	 	73	 
	Section 6.8
	 	Seller Parent Shareholder Approval	 	 	73	 
	Section 6.9
	 	Buyer Ultimate Parent Special Meeting; Form S-4; Proxy Statement	 	 	75	 
	Section 6.10
	 	Confidentiality	 	 	77	 
	Section 6.11
	 	Intercompany Items	 	 	78	 
	Section 6.12
	 	Notification of Certain Matters	 	 	79	 
	Section 6.13
	 	Financial Statements	 	 	79	 
	Section 6.14
	 	Listing	 	 	82	 
	Section 6.15
	 	Further Assurances	 	 	82	 
	Section 6.16
	 	Accelerated Vesting of Equity Awards	 	 	82	 
	Section 6.17
	 	Non-Solicitation	 	 	83	 
	Section 6.18
	 	Equity Consideration	 	 	83	 
	Section 6.19
	 	Post-Closing Restructuring	 	 	84	 
	Section 6.20
	 	Amendment of Organizational Documents	 	 	84	 
	Section 6.21
	 	Credit Agreement Deliverables	 	 	84	 
	Section 6.22
	 	Registration Rights Agreement and Sell-Down Registration Rights Agreement	 	 	84	 
	 
	 	 	 	 	 	 
	ARTICLE VII CONDITIONS TO THE CLOSING	 	 	84	 
	 
	 	 	 	 	 	 
	Section 7.1
	 	Conditions to the Obligations of the Parties with respect to the Closing	 	 	84	 
	Section 7.2
	 	Conditions to the Obligation of Buyer Parties with respect to the Closing	 	 	86	 
	Section 7.3
	 	Conditions to the Obligation of Seller Parties with respect to the Closing	 	 	87	 
	Section 7.4
	 	Frustration of Closing Conditions	 	 	88	 
	 
	 	 	 	 	 	 
	ARTICLE VIII TERMINATION	 	 	88	 
	 
	 	 	 	 	 	 
	Section 8.1
	 	Termination	 	 	88	 

iii

 

	 	 	 	 	 	 	 
	Section 8.2
	 	Effect of Termination	 	 	89	 
	 
	 	 	 	 	 	 
	ARTICLE IX MISCELLANEOUS	 	 	90	 
	 
	 	 	 	 	 	 
	Section 9.1
	 	Nonsurvival of Representations and Warranties and Certain Covenants	 	 	90	 
	Section 9.2
	 	Notices	 	 	90	 
	Section 9.3
	 	Amendment; Waiver	 	 	92	 
	Section 9.4
	 	No Assignment or Benefit to Third Parties	 	 	92	 
	Section 9.5
	 	Entire Agreement	 	 	92	 
	Section 9.6
	 	Fulfillment of Obligations	 	 	92	 
	Section 9.7
	 	Public Disclosure	 	 	93	 
	Section 9.8
	 	Expenses	 	 	93	 
	Section 9.9
	 	Schedules	 	 	93	 
	Section 9.10
	 	Governing Law; Consent to Jurisdiction	 	 	93	 
	Section 9.11
	 	Counterparts	 	 	95	 
	Section 9.12
	 	Headings	 	 	95	 
	Section 9.13
	 	Severability	 	 	95	 
	Section 9.14
	 	Joint Negotiation	 	 	95	 
	Section 9.15
	 	No Set-Off	 	 	96	 

iv

 

EXHIBITS AND ANNEXES

	 	 	 	 	 
	EXHIBITS
 

	 	 
	 	 
	 
	 	 	 	 
	Exhibit A

	 	—
	 	Shareholders Agreement
	Exhibit B

	 	—
	 	Key Terms of Registration Rights Agreement
	Exhibit C

	 	—
	 	Key Terms of Sell-Down Registration Rights Agreement
	 
	 	 	 	 
	ANNEXES
 

	 	 
	 	 
	 
	 	 	 	 
	Annex 1.1(a)

	 	—
	 	Knowledge Persons of Seller Parties
	Annex 1.1(b)

	 	—
	 	Knowledge Persons of Buyer Parties
	Annex 8.1(c)

	 	—
	 	Certain Jurisdictions
	 
	 	 	 	 
	SCHEDULES
 

	 	 
	 	 
	 
	 	 	 	 
	Schedule 1

	 	—
	 	PCB Subsidiaries
	Schedule 2

	 	—
	 	Laminate Subsidiaries
	Seller’s Disclosure Schedules
	Buyer’s Disclosure Schedules

v

 

          This STOCK PURCHASE AGREEMENT, dated as of November 16, 2009 (this “Agreement”), is by
and among (i) Meadville Holdings Limited, an exempted company incorporated under the Laws of the
Cayman Islands with limited liability (“Seller Parent”), (ii) MTG Investment (BVI) Limited,
a company incorporated under the Laws of the British Virgin Islands and a wholly owned subsidiary
of Seller Parent (“Seller”), (iii) TTM Technologies, Inc., a corporation organized under
the Laws of Delaware (“Buyer Ultimate Parent”), (iv) TTM Technologies International, Inc.,
a corporation organized under the Laws of Delaware and a wholly owned subsidiary of Buyer Ultimate
Parent (“Buyer Parent”), and (v) TTM Hong Kong Limited, a company incorporated under the
Laws of Hong Kong and a wholly owned subsidiary of Buyer Parent (“Buyer”). Seller Parent
and Seller are sometimes hereinafter referred to individually as a “Seller Party” and
collectively the “Seller Parties.” Buyer Ultimate Parent, Buyer Parent and Buyer are
sometimes hereinafter referred to individually as a “Buyer Party” and collectively the
“Buyer Parties.” The Seller Parties and the Buyer Parties are collectively referred to
herein as the “Parties.”

WITNESSETH:

          WHEREAS, Buyer Ultimate Parent directly owns all of the issued and outstanding Capital Stock
of Buyer Parent, and Buyer Parent directly owns all of the issued and outstanding Capital Stock of
Buyer;

          WHEREAS, Seller Parent directly owns all of the issued and outstanding Capital Stock of
Seller;

          WHEREAS, Seller directly owns all of the Transferred Equity Interests, representing all of the
issued and outstanding Capital Stock of the Transferred Entities, and all of the Non-Transferred
Equity Interests, representing all of the issued and outstanding Capital Stock of the
Non-Transferred Entities;

          WHEREAS, upon the terms and subject to the conditions set forth in this Agreement, Seller
desires sell to Buyer and Buyer desires to purchase the Transferred Equity Interests from Seller;

          WHEREAS, as partial consideration for the sale and purchase of the Transferred Equity
Interests, Buyer Ultimate Parent has agreed to issue to Seller Parent, as designee of Seller, Buyer
Ultimate Parent Common Stock upon the terms and subject to the conditions set forth in this
Agreement;

          WHEREAS, concurrently with the execution of this Agreement and as a condition to Closing (as
defined hereinafter), TMIL (as defined hereinafter) and Seller have entered into the Concurrent
SPA, dated the date of this Agreement, pursuant to which, among other things, TMIL has agreed to
purchase from Seller, and Seller has agreed to sell to TMIL, the Non-Transferred Equity Interests,
upon the terms and subject to the conditions set forth in the Concurrent SPA; and

          WHEREAS, the Parties desire to make certain representations, warranties, covenants and
agreements in connection with this Agreement.

 

 

          NOW, THEREFORE, in consideration of the premises and the mutual representations, warranties,
covenants and undertakings contained in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties to this
Agreement, intending to be legally bound, agree as follows:

ARTICLE I

DEFINITIONS AND TERMS

     Section 1.1 Certain Definitions. As used in this Agreement, the following terms have
the meanings set forth below:

          “2009 Buyer Year End Financial Statements” has the meaning set forth in Section
6.13(j).

          “2009 Year End Financial Statements” has the meaning set forth in Section 6.13(f).

          “Affiliate” means, with respect to any Person, any other Person directly or indirectly
Controlling, Controlled by, or under common Control with, such Person as of the date on which, or
at any time during the period for which, the determination of affiliation is being made, and, with
respect to a natural Person, shall also include the spouse and minor children of such natural
Person who share a household with such natural Person, together with any other Person controlled by
them and any revocable trust settled by them or any trust of which such Person is a trustee.

          “Agreement” means this Agreement, including the schedules, exhibits and annexes
attached hereto.

          “Allocation” has the meaning set forth in Section 6.5(d)(i).

          “Ancillary Agreement” means each of the Shareholders Agreement, the Registration
Rights Agreement, the Sell-Down Registration Rights Agreement, the Concurrent SPA and the Shared
Services Agreement.

          “Antitrust Laws” mean all Laws that are designed or intended to prohibit, restrict or
regulate actions having the purpose or effect of monopolization or restraint of trade, including
the HSR Act and the Anti-monopoly Law of the PRC and the regulations promulgated thereunder.

          “Applicable Local Law” has the meaning set forth in Section 4.8(b).

          “Assumed Benefit and Compensation Arrangement” shall have the meaning set forth in
Section 4.8(a).

          “Audited Financial Statements” has the meaning set forth in Section 6.13(a).

          “Benefit and Compensation Arrangements” has the meaning set forth in Section 4.8(a).

2

 

          “Books and Records” means (i) such portion of the books and records of Seller Parent
and its Subsidiaries (or true and complete copies thereof) to the extent they relate to the
Transferred Entities or the PCB Business, including the minute books, Tax Returns, corporate
charters and bylaws or comparable constitutive documents, records of share issuances, and related
corporate records of the Transferred Entities, manuals, financial records, documents, files, notes,
materials and other information in paper, electronic or other form in which they are maintained by
the Transferred Entities or Seller, as applicable, (ii) any Employee records and (iii) all files
belonging to the Transferred Entities relating to any Litigation with respect to which the
Transferred Entities may be subject to liability.

          “Business Day” means any day that is either not a Saturday, a Sunday or other day on
which banks are required or authorized by law to be closed in New York City or (ii) a Saturday, a
Sunday or other day on which banks in Hong Kong are not open for general banking business, or a day
on which a tropical cyclone warning No. 8 or above or a “black rainstorm warning signal” is hoisted
in Hong Kong at any time between 9:00 a.m. and 5:00 p.m.

          “Buyer” has the meaning set forth in the Preamble.

          “Buyer Benefit and Compensation Arrangements” has the meaning set forth in Section
5.24(a).

          “Buyer Books and Records” means (i) the books and records of Buyer Ultimate Parent
and its Controlled Affiliates (or true and complete copies thereof), including the minute books,
Tax Returns, corporate charters and by laws or comparable constitutive documents, records of share
issuances, and related corporate records of Buyer Ultimate Parent and its Controlled Affiliates,
manuals, financial records, documents, files, notes, materials and other information in paper,
electronic or other form in which they are maintained by Buyer Ultimate Parent or any of its
Controlled Affiliates, (ii) any Buyer Employee records and (iii) all files relating to any
Litigation with respect to which Buyer Ultimate Parent or any of its Controlled Affiliates may be
subject to liability.

          “Buyer Change of Control Event” means any transaction or series of related
transactions (other than pursuant to this Agreement or any Ancillary Agreement) which upon
consummation would result in the occurrence of one or more of the following events:

          (i) any Person or a Group becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of 30% or more of the Buyer Ultimate Parent Common Stock;

          (ii) any amalgamation, consolidation or merger of Buyer Ultimate Parent with or into any other
Person, or any amalgamation or merger of another Person (other than any Subsidiary of Buyer
Ultimate Parent) with or into Buyer Ultimate Parent, other than (a) any such transaction (x) that
does not result in any reclassification, conversion, exchange or cancellation of outstanding Buyer
Ultimate Parent Capital Stock and (y) pursuant to which holders of voting securities of Buyer
Ultimate Parent immediately prior to such transaction have the entitlement to exercise, directly or
indirectly, 70% or more of the total voting power of Buyer Ultimate Parent
or 70% or more of the total voting power of the continuing or surviving Person (if not Buyer

3

 

Ultimate Parent) immediately after such transaction, or (b) any amalgamation, consolidation or
merger which is effected solely to change the jurisdiction of incorporation of Buyer Ultimate
Parent and results in a reclassification, conversion or exchange of outstanding Buyer Ultimate
Parent Common Stock solely into shares of the surviving entity;

          (iii) the sale of all or substantially all of the assets of Buyer Ultimate Parent and its
Subsidiaries, taken as a whole, to another Person or Group;

          (iv) individuals who on the date of this Agreement constituted the board of directors of Buyer
Ultimate Parent, together with any directors whose nomination to the board of directors was
approved by a majority of the directors on the date of this Agreement or by directors whose
nomination was previously so approved, cease to constitute a majority of the board of directors of
Buyer Ultimate Parent then in office; or

          (v) the liquidation or dissolution of Buyer Ultimate Parent or the passing of a resolution by
Buyer Ultimate Parent’s shareholders approving a plan of liquidation or dissolution of Buyer
Ultimate Parent.

          “Buyer Employee” means any employee of the Buyer Ultimate Parent or any of its
Subsidiaries.

          “Buyer ERISA Affiliate” has the meaning set forth in Section 5.24(b).

          “Buyer Intellectual Property Licenses” has the meaning set forth in Section 5.21(c).

          “Buyer Material Adverse Effect” means an event, change, development, condition,
circumstance or effect that, individually or in the aggregate with all other events, states of
fact, changes, developments, conditions, circumstances or effects, has or would be reasonably
likely to result in a material and adverse effect on the business, assets, properties, results of
operations or condition (financial or otherwise) of Buyer Ultimate Parent and its Subsidiaries,
taken as a whole, or which prevents or materially delays or impairs the ability of the Buyer
Parties to consummate the transactions contemplated by this Agreement and the Ancillary Agreements;
provided that none of the following shall be considered in determining whether a “Buyer
Material Adverse Effect” has occurred or would be reasonably likely to occur: (i) after the date of
this Agreement, any change in Law or accounting standards applicable to Buyer Ultimate Parent and
its Subsidiaries, but only to the extent that the effect thereof on Buyer Ultimate Parent and its
Subsidiaries, taken as a whole, is not disproportionately more adverse than the effect thereof on
comparable developers, manufacturers, providers and distributors of printed circuit board products
and services; (ii) any change in domestic or global or regional economic conditions generally,
including any change in interest rates charges by international “money center” commercial banks in
respect of funds borrowed by creditworthy corporate entities and businesses (which credit worthy
corporate entities and businesses are not the subject, beneficiary or recipient of any government
“bailout” program or other similar government investment or capital support or other subsidy
arrangement, agreement, plan or understanding) or any change in currency exchange rates, but only
to the extent that the effect thereof on Buyer Ultimate Parent and its Subsidiaries, taken as a
whole, is not disproportionately more adverse than the effect
thereof on comparable developers, manufacturers, providers and distributors of printed circuit

4

 

board products and services; (iii) any change in business or financial conditions in the printed
circuit board industry generally, but only to the extent that the effect thereof on Buyer Ultimate
Parent and its Subsidiaries, taken as a whole, is not disproportionately more adverse than the
effect thereof on comparable developers, manufacturers, providers and distributors of printed
circuit board products and services; (iv) any change resulting from or arising out of hurricanes,
earthquakes, floods, wildfires, tsunamis or other natural disasters, but only to the extent that
the effect thereof on Buyer Ultimate Parent and its Subsidiaries, taken as a whole, is not
disproportionately more adverse than the effect thereof on comparable developers, manufacturers,
providers and distributors of printed circuit board products and services; (v) the effects of
actions that are (A) expressly required by (but not to be inferred from or implied under) this
Agreement, (B) taken by Buyer Ultimate Parent or its Subsidiaries with the prior written consent of
any Seller Party or (C) from which Buyer Ultimate Parent or its Subsidiaries refrain at the written
request of any Seller Party; (vi) any change in the trading price or trading volume of Buyer
Ultimate Parent Common Stock or the failure of Buyer Ultimate Parent to meet any earnings
estimates, projections or forecasts (provided, however, that the exception in this clause (vi)
shall not prevent or otherwise affect a determination that any fact, circumstance, event, change,
effect or occurrence underlying or causing or significantly contributing to such failure caused or
has resulted in, or contributed to, a Buyer Material Adverse Effect); (vii) the effect of the
execution, announcement or pendency of this Agreement on the relationship of the Buyer Ultimate
Parent and its Subsidiaries with customers, vendors, suppliers and employees; and (viii) an act of
terrorism, civil insurrection or other similar domestic or international calamity, or the
commencement of or escalation of any armed conflict involving military forces, in any jurisdiction
other than any geographic venues where any significant assets of Buyer Ultimate Parent and its
Subsidiaries are located.

          “Buyer Material Leases” has the meaning set forth in Section 5.27(b).

          “Buyer Owned Real Properties” has the meaning set forth in Section 5.27(a).

          “Buyer Parent” has the meaning set forth in the Preamble.

          “Buyer Permitted Encumbrances” means: (i) Encumbrances specifically reflected or
reserved against or otherwise specifically disclosed in the Buyer Ultimate Parent Financial
Statements; (ii) mechanics’, materialmen’s, warehousemen’s, carriers’, workers’, or repairmen’s
liens or other similar common law or statutory Encumbrances arising or incurred in the ordinary
course of business that are not, in the aggregate, material to the Buyer Parties, taken as a whole;
(iii) statutory liens for Taxes, assessments and other governmental charges not yet due and payable
or being contested in good faith by appropriate proceedings and for which adequate reserves have
been established on the financial statements of the relevant Buyer Party in accordance with GAAP or
other applicable accounting principles; and (iv) other Encumbrances incurred in the ordinary course
of business since the date of the most recent Buyer Ultimate Parent Financial Statements that are
not, in the aggregate, material to the Buyer Parties, taken as a whole.

          “Buyer Regulatory Impediments” means (i) conditions, limitations, restrictions or
requirements, including any sales, divestitures, hold separates or other disposals, imposed upon
the Buyer Parties or any of their Affiliates in connection with obtaining or failing to obtain
the

5

 

approval of any Government Entity to the transactions contemplated hereby, or (ii) prohibitions
under any applicable Law that would, in each case of (i) and (ii) individually or in the aggregate,
reasonably be expected to be materially adverse to the business, assets, results of operations or
condition (financial or otherwise) of (a) the Transferred Entities, taken as a whole, or (b) Buyer
Ultimate Parent and its Controlled Affiliates, taken as a whole.

          “Buyer Specified Contracts” has the meaning set forth in Section 5.26(b).

          “Buyer Ultimate Parent” has the meaning set forth in the Preamble.

          “Buyer Ultimate Parent Balance Sheet” has the meaning set forth in Section 5.9.

          “Buyer Ultimate Parent Common Stock” means the common stock, par value $0.001 per
share, of Buyer Ultimate Parent.

          “Buyer Ultimate Parent Financial Statements” has the meaning set forth in Section
5.8(d).

          “Buyer Ultimate Parent SEC Reports” means all forms statements, certificates, reports,
documents and announcements filed, furnished, submitted or issued by the Buyer Ultimate Parent with
the SEC on or after December 31, 2006, including, without limitation, all 10-Ks, 10-Qs, 8-Ks, and
all definitive proxy statements and registration statements.

          “Buyer Ultimate Parent Requisite Vote” has the meaning set forth in Section 5.3(b).

          “Buyer Ultimate Parent Special Meeting” has the meaning set forth in Section
6.9(a)(i).

          “Buyer’s Audited Financial Statements” has the meaning set forth in Section
6.13(h)(i).

          “Buyer’s Disclosure Schedules” means the disclosure schedules relating to the Buyer
Parties attached to this Agreement.

          “Buyer’s Required Approvals” has the meaning set forth in Section 5.4.

          “Capital Stock” means, with respect to any Person at any time, any and all shares,
equity interests, rights to share in capital surplus or profits or receive a distribution of assets
upon liquidation or dissolution, or other equivalents (however designated or classified, whether
voting or non-voting) of capital stock, share capital, partnership interests (whether general or
limited), limited liability company interests or units, member interests or equivalent ownership
interests in or issued by such Person.

          “Cash Purchase Price” means $114,034,328.00.

          “CFIUS” means the Committee on Foreign Investment in the United States.

          “Circular” has the meaning set forth in Section 6.8(a).

          “Closing” has the meaning set forth in Section 2.3.

6

 

          “Closing Date” means the date upon which the Closing occurs.

          “Code” means the Internal Revenue Code of 1986, as amended.

          “Concurrent SPA” means the stock purchase agreement, dated as of the date of this
Agreement, between Seller and TMIL, as the same may be amended and supplemented from time to time.

          “Confidentiality Agreement” means the confidentiality agreement, dated October 14,
2008, between Seller Parent and Buyer Ultimate Parent, as the same may be amended and supplemented
from time to time.

          “Contract” means, any agreement, undertaking, lease, sublease, license, sublicense,
contract, note, mortgage, indenture, power of attorney, guarantee, arrangement, commitment or other
binding obligation, whether oral or written, express or implied, in each case as amended,
supplemented, waived or otherwise modified.

          “Control,” with respect to the relationship between or among two or more Persons,
means the possession directly, or indirectly through the ownership of voting securities, as trustee
or executor or by Contract or by any other means whatsoever, of the power to influence, direct or
cause the direction of the policies, affairs, or the management (and “Controlled” and
“Controlling” shall have a correlative meaning). For purposes of this definition, a general
partner or managing member of a Person shall always be considered to Control such Person.

          “Controlled Affiliate” means, with respect to any Person, an Affiliate thereof that is
directly or indirectly Controlled by such Person.

          “Copyrights” has the meaning set forth in the “Intellectual Property”
definition.

          “Credit Agreement” means the credit agreement dated November 16, 2009 between (i)
Meadville Enterprises (HK) Limited, Mica-Ava China Limited, Oriental Circuits Limited, MTG (PCB)
No.2 (BVI) Limited and OPC Manufacturing Limited as borrowers; (ii) the parties named therein as
the original guarantors; (iii) The Hongkong and Shanghai Banking Corporation Limited as
coordinator; (iv) the financial institutions named therein as the original lenders; (v) Citic Ka
Wah Bank Limited named therein as the issuing bank; (vi) The Hongkong and Shanghai Banking
Corporation Limited named therein as the facility agent; (vii) Hang Seng Bank Limited named therein
as the security trustee; (viii) Standard Chartered Bank (Hong Kong) Limited named therein as
security agent; and (ix) The Hongkong and Shanghai Banking Corporation Limited named therein as the
factoring agent in relation to $582,500,000 credit facility.

          “Delaware Courts” has the meaning set forth in Section 9.10(b).

          “Distribution” means the:

          (a) distribution of the sale proceeds from the sale of the Transferred Equity Interests to
the Buyer pursuant to this Agreement, including (i) the distribution by Seller Parent of the
Equity Consideration (including, if applicable, any properties, securities or assets distributed
thereon after the Closing Date), by way of (A) the transfer of all or a

7

 

portion of the Equity Consideration (including, if applicable, any properties, securities
or assets distributed thereon after the Closing Date) by Seller Parent by way of dividend or
other distribution to its shareholders, with Mr. Tang (in his personal capacity and his capacity
as the trustee of the Tang Family Trust) and TMIL directing the Common Stock entitled to be
received by them from such distribution to be registered in the name of SSL and (B) subject to
the election of each Seller Parent Shareholder, the sale of the remaining portion of the Equity
Consideration (including any properties, securities or assets distributed thereon after the
Closing Date) in accordance with the plan of distribution set forth as an exhibit to the
Sell-Down Registration Rights Agreement (the “Sell-Down”) and the distribution of the
net cash proceeds thereof to such Seller Parent Shareholder which elected to participate therein
and (ii) the distribution of the cash consideration from the sale of the Transferred Equity
Interests to the Seller Parent Shareholders; and

     (b) the distribution of the consideration received by Seller Parent pursuant to the
Concurrent SPA to the Seller Parent Shareholders.

          “DPA” means the Defense Production Act of 1950 (codified at 50 U.S.C. §2170).

          “DSS” means the Defense Security Service within the U.S. Department of Defense.

          “Employee” means, as of any date, any employee of any Transferred Entity or any
Transferred Employee.

          “Encumbrance” means any lien, pledge, debt, charge, claim, encumbrance, security
interest, option, mortgage, assessment, easement or any other similar restriction or limitation of
any kind.

          “Environmental Law” means any Law (including the Comprehensive Environmental Response,
Compensation and Liability Act of 1980 or any other equivalent Law of applicable jurisdiction) or
any Permit, in either case concerning (i) the protection, preservation or restoration of the
environment (namely, air, surface water, vapor, groundwater, drinking water supply and surface or
subsurface land or structures) or (ii) the exposure to, or the use, storage, recycling, treatment,
generation, transportation, processing, handling, management, release or disposal of, any hazardous
substance or waste material.

          “Equity Consideration” means 36,334,000 shares of duly and validly authorized Buyer
Ultimate Parent Common Stock, credited as fully paid and non-assessable, as may be adjusted
pursuant to Section 2.6.

          “Equity Rights” has the meaning set forth in Section 4.2(b).

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

          “Exchange Act” means the United States Securities Exchange Act of 1934, as amended,
and the rules and regulations thereunder.

          “FOCI” means foreign ownership, control, or influence as defined in the NISPOM.

8

 

          “Form S-4” has the meaning set forth in Section 5.4.

          “GAAP” shall mean United States generally accepted accounting principles.

          “Government Entity” means any foreign or domestic, federal, state, provincial, county,
city or local legislative, administrative or regulatory authority, agency, court, body, commission
or other governmental or quasi-governmental entity with competent jurisdiction, including the SEC,
the Hong Kong SFC, any Self-Regulatory Organization and any such supranational body.

          “Group” has the meaning assigned to it in Section 13(d)(3) of the Exchange Act.

          “Hong Kong” means the Hong Kong Special Administrative Region of the People’s Republic
of China.

          “Hong Kong Exchange” means The Stock Exchange of Hong Kong Limited.

          “Hong Kong Executive” means the Executive Director of the Corporate Finance Division
of the Hong Kong SFC or any delegate of the Executive Director.

          “Hong Kong FRS” means Hong Kong Financial Reporting Standards issued by the Hong Kong
Institute of Certified Public Accountants.

          “Hong Kong Listing Rules” means the Rules Governing the Listing of Securities on the
Hong Kong Exchange.

          “Hong Kong Merger Regulation” means the Hong Kong Code on Takeovers and Mergers and
Share Repurchases.

          “Hong Kong SFC” means the Securities and Futures Commission of Hong Kong.

          “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended,
and the rules and regulations thereunder.

          “Indebtedness” means, with respect to any Person, without duplication, any of the
following liabilities, whether secured (with or without recourse) or unsecured, contingent or
otherwise: (i) all liabilities for borrowed money of such Person, or with respect to deposits or
advances of any kind to such Person; (ii) all liabilities evidenced by bonds, debentures, notes or
other similar instruments or under financing or capital leases; (iii) all liabilities for
guarantees of any Indebtedness of another Person; (iv) all capitalized lease obligations or
obligations to pay the deferred and unpaid purchase price of property and equipment, (v) all
obligations pursuant to securitization or factoring programs or arrangements, (vi) all obligations
or undertakings to maintain or cause to be maintained the financial position or covenants of others
or to purchase the obligations or property of others, (vii) net cash payment obligations under
swaps, options, derivatives and other hedging agreements or arrangements that will be payable upon
termination thereof (assuming they were terminated on the date of determination), (viii) letters of
credit, bank guarantees and other similar contractual obligations entered into or on behalf of such
Person, (ix) payment obligations secured by an Encumbrance, other than Permitted Encumbrance, on
assets or properties of such Person and (x) all liabilities for accrued but unpaid interest expense

9

 

and
unpaid penalties, fees, charges and prepayment premiums that are payable, in each case, with
respect to any Indebtedness.

          “Indirect Taxes” means all sales, employment, VAT, property, duty, excise, stamp and
similar Taxes.

          “Intellectual Property” means, in any and all jurisdictions worldwide, all: (i)
trademarks, service marks, domain names, logos, trade dress, trade names, and other indicia of
origin, all applications and registrations for the foregoing, and all goodwill associated therewith
and symbolized thereby, including all renewals of same (collectively, “Trademarks”); (ii)
patents, registrations and applications therefor, and divisionals, continuations,
continuations-in-part, extensions and reissues relating thereto (collectively, “Patents”);
(iii) trade secrets, confidential or proprietary information (including, without limitation, ideas,
compositions, manufacturing and production processes and techniques, research and development
information, drawings, specifications, designs, plans, proposals, technical data, financial and
marketing plans and customer and supplier lists and information), inventions (whether patentable or
unpatentable, and whether or not reduced to practice) and know-how (collectively, “Trade
Secrets”); (iv) works of authorship and copyrights therein and thereto (including in software),
registrations and applications therefor, and all renewals, extensions, restorations and reversions
thereof (collectively, “Copyrights”); and (v) other intellectual property rights to the
extent entitled to legal protection as such.

          “Intercompany Payables” means all account, note or loan payables and all advances
(cash or otherwise) or any other extensions of credit that are payable by Seller Parent or any of
its Subsidiaries (other than the Transferred Entities) to a Transferred Entity; provided,
that Intercompany Payables shall not include any such account, note or loan payable or any advance
(cash or otherwise) or any other extension of credit that (i) is entered into or otherwise created
in the ordinary course of business within three months prior to the Closing Date and (ii) is due or
is expected to be otherwise terminated or extinguished within three months following the Closing
Date.

          “Intercompany Receivables” means all account, note or loan payables and all advances
(cash or otherwise) or any other extensions of credit that are receivable by Seller Parent or any
of its Subsidiaries (other than the Transferred Entities) from a Transferred Entity;
provided, that Intercompany Receivables shall not include any such account, note or loan
payable or any advance (cash or otherwise) or any other extension of credit that (i) is entered
into or otherwise created in the ordinary course of business within three months prior to the
Closing Date and (ii) is due or is expected to be otherwise terminated or extinguished within three
months following the Closing Date.

          “Knowledge” or any similar phrase means, (i) with respect to the Seller Parties, the
actual knowledge of the Persons referenced in Annex 1.1(a), after reasonable inquiry of the
employees of Seller Parent and its Subsidiaries with primary responsibility for the matter in
question, and (ii) with respect to the Buyer Parties, the actual knowledge of the Persons
referenced in Annex 1.1(b), after reasonable inquiry of the employees of Buyer Ultimate Parent and
its Subsidiaries with primary responsibility for the matter in question.

10

 

          “Laminate Business” means the business of manufacturing and distributing laminates and
prepregs, as conducted by Seller Parent and its Affiliates, and the assets, liabilities and results
of operations associated therewith.

          “Laminate HoldCo” means MTG Laminate (BVI) Limited, a company incorporated under the
Laws of the British Virgin Islands and a direct wholly-owned Subsidiary of Seller.

          “Laminate Sale” has the meaning set forth in Section 7.1(h).

          “Laminate Subsidiaries” means the entities listed on Schedule 2, which conduct the
Laminate Business.

          “Latest Transferred Entities Balance Sheet” has the meaning set forth in Section
4.5(a).

          “Latest Transferred Entities Financial Statements” has the meaning set forth in
Section 4.5(a).

          “Latest Transferred Entities Profit and Loss Account” has the meaning set forth in
Section 4.5(a).

          “Law” means any law, statute, ordinance, rule, regulation, code, order, ordinance,
judgment, injunction, writ, decree, decision, directive, or other requirement or rule of law
enacted, issued, promulgated, enforced or entered by a Government Entity, including rules governing
the listing of securities (and the maintenance thereof) on NASDAQ and the Hong Kong Exchange and
the Companies Law (2009) of the Cayman Islands.

          “Litigation” means any claim, action, suit, complaint, demand, litigation,
arbitration, prosecution, contest, hearing, inquiry, investigation, inquest, audit or other
proceeding of any nature, civil, criminal, regulatory or otherwise, in law or in equity, pending or
threatened, by or before any court, tribunal, arbitrator or other Government Entity.

          “Material Adverse Effect” means an event, change, development, condition, circumstance
or effect that, individually or in the aggregate with all other events, states of fact, changes,
developments, conditions, circumstances or effects, has or would be reasonably likely to result in
a material and adverse effect on the business, assets, properties, results of operations or
condition (financial or otherwise) of the Transferred Entities, taken as a whole, or which prevents
or materially delays or impairs the ability of the Seller Parties to consummate the transactions
contemplated by this Agreement and the Ancillary Agreements; provided that none of the
following shall be considered in determining whether a “Material Adverse Effect” has occurred or
would be reasonably likely to occur: (i) after the date of this Agreement, any change in Law or
accounting standards applicable the Transferred Entities, but only to the extent that the effect
thereof on the Transferred Entities, taken as a whole, is not disproportionately more adverse than
the effect thereof on comparable developers, manufacturers, providers and distributors of printed
circuit board products and services; (ii) any change in domestic or global or regional economic
conditions generally, including any change in interest rates charges by international “money
center” commercial banks in respect of funds borrowed by creditworthy corporate entities and
businesses (which credit worthy corporate entities and businesses are not

11

 

the subject, beneficiary
or recipient of any government “bailout” program or other similar government investment or
capital support or other subsidy arrangement, agreement, plan or understanding) or any change
in currency exchange rates, but only to the extent that the effect thereof on the Transferred
Entities, taken as a whole, is not disproportionately more adverse than the effect thereof on
comparable developers, manufacturers, providers and distributors of printed circuit board products
and services; (iii) any change in business or financial conditions in the printed circuit board
industry generally, but only to the extent that the effect thereof on the Transferred Entities,
taken as a whole, is not disproportionately more adverse than the effect thereof on comparable
developers, manufacturers, providers and distributors of printed circuit board products and
services; (iv) any change resulting from or arising out of hurricanes, earthquakes, floods,
wildfires, tsunamis or other natural disasters, but only to the extent that the effect thereof on
the Transferred Entities, taken as a whole, is not disproportionately more adverse than the effect
thereof on comparable developers, manufacturers, providers and distributors of printed circuit
board products and services; (v) the effects of actions that are (A) expressly required by (but not
to be inferred from or implied under) this Agreement, (B) taken by the Seller Parties or any of the
Transferred Entities with the prior written consent of any Seller Party or (C) from which the
Seller Parties or any of the Transferred Entities refrain at the written request of any Buyer
Party; (vi) any change in the trading price or trading volume of Seller Parent Shares or the
failure of the Transferred Entities to meet any earnings estimates, projections or forecasts
(provided, however, that the exception in this clause (vi) shall not prevent or otherwise affect a
determination that any fact, circumstance, event, change, effect or occurrence underlying or
causing or significantly contributing to such failure caused or has resulted in, or contributed to,
a Material Adverse Effect); (vii) the effect of the execution, announcement or pendency of this
Agreement on the relationship of the Transferred Entities with customers, vendors, suppliers and
employees; and (viii) an act of terrorism, civil insurrection or other similar domestic or
international calamity, or the commencement of or escalation of any armed conflict involving
military forces, in any jurisdiction other than any geographic venues where any significant assets
of the Transferred Entities are located.

          “Material Leases” has the meaning set forth in Section 4.16(b).

          “Mr. Tang” means Tang Hsiang Chien, an individual residing at Flat 6B, 20 Fa Po
Street, Yau Yat Chuen, Kowloon, Hong Kong.

          “NASDAQ” means the Nasdaq Global Select Market.

          “NISPOM” means the National Industrial Security Program Operating Manual of the U.S.
Department of Defense.

          “Non-Transferred Entities” means, collectively, the Laminate HoldCo and the Laminate
Subsidiaries.

          “Non-Transferred Equity Interests” means all of the issued and outstanding Capital
Stock in the Laminate HoldCo.

          “Organizational Documents” means, with respect to any Person that is a corporation,
its articles or certificate of incorporation or memorandum and articles of association, as the case

12

 

may be, and bylaws or bye-laws, as the case may be; with respect to any Person that is a
partnership, its certificate or memorandum and/or articles of partnership and partnership
agreement; with respect to any Person that is a limited liability company, its certificate of
formation and limited liability company or operating agreement; with respect to any Person that is
a trust or other entity, its declaration or agreement of trust or other constituent document; and
with respect to any other Person, its comparable organizational documents, in each case, as has
been amended or restated from time to time.

          “Owned Real Properties” has the meaning set forth in Section 4.16(a).

          “Patents” has the meaning set forth in the “Intellectual Property” definition.

          “PCB Affiliate Arrangement” has the meaning set forth in Section 4.22(a).

          “PCB Business” means the printed circuit board business, as it is conducted by the
Transferred Entities as of the Closing Date.

          “PCB HoldCos” means, collectively, (i) MTG Management (BVI) Limited, company
incorporated under the Laws of the British Virgin Islands and a direct wholly owned Subsidiary of
Seller, (ii) MTG PCB (BVI) Limited, a company incorporated under the Laws of the British Virgin
Islands and a direct wholly owned Subsidiary of Seller, (iii) MTG PCB No. 2 (BVI) Limited, a
company incorporated under the Laws of the British Virgin Islands and a direct wholly owned
Subsidiary of Seller, and (iv) MTG Flex (BVI) Limited, a company incorporated under the Laws of the
British Virgin Islands and a direct wholly owned Subsidiary of Seller.

          “PCB Subsidiaries” means the entities listed in Schedule 1, which conduct the PCB
Business.

          “Permits” means all licenses, franchises, permits, certificates, registrations,
orders, concessions, declarations, and other authorizations and approvals that are issued by or
obtained from any Government Entity.

          “Permitted Encumbrances” means: (i) Encumbrances specifically reflected or reserved
against or otherwise specifically disclosed in the Latest Transferred Entities Financial
Statements; (ii) mechanics’, materialmen’s, warehousemen’s, carriers’, workers’, or repairmen’s
liens or other similar common law or statutory Encumbrances arising or incurred in the ordinary
course of business that are not, in the aggregate, material to the Transferred Entities, taken as a
whole; (iii) statutory liens for Taxes, assessments and other governmental charges not yet due and
payable or being contested in good faith by appropriate proceedings and for which adequate reserves
have been established on the financial statements of the relevant Transferred Entity in accordance
with Hong Kong FRS or other applicable accounting principles; and (iv) other Encumbrances incurred
in the ordinary course of business since the date of the Latest Transferred Entities Financial
Statements that are not, in the aggregate, material to the Transferred Entities, taken as a whole.

          “Person” means an individual, a corporation, a partnership, an association, a limited
liability company, a Government Entity, a trust or any other entity, body or organization.

13

 

          “Principal Shareholders” mean Mr. Tang and Affiliates of Mr. Tang from time to time,
including, as of the date hereof, Mr. Tang (in his capacity as the trustee of the Tang Family
Trust), TMIL and SSL.

          “Proposed Allocation” has the meaning set forth in Section 6.5(d)(ii).

          “Providing Party” has the meaning set forth in Section 6.1(a).

          “Proxy Statement” has the meaning set forth in Section 6.9(a)(ii).

          “Purchase” has the meaning set forth in Section 2.1.

          “Registration Rights Agreement” means the Registration Rights Agreement, reflecting
the key principles set forth on Exhibit B, to be entered into on the Closing Date.

          “Relief” means any loss, relief, allowance, exemption, set off, deduction, right to
repayment or credit or other relief of a similar nature granted by or available in relation to Tax
pursuant to any legislation or otherwise.

          “Representatives” means, with respect to any Person, its directors, officers,
employees, investment bankers, attorneys, accountants, advisors and other representatives.

          “Resolutions” has the meaning set forth in Section 6.8(d).

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

          “Securities Act” means the United States Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder.

          “Self-Regulatory Organization” means (i) any “self-regulatory organization” as defined
in Section 3(a)(26) of the Exchange Act (including the Financial Industry Regulatory Authority and
NASDAQ), (ii) any other U.S. or foreign securities exchange (including NASDAQ and the Hong Kong
Exchange) and (iii) any other exchange or corporation or similar self-regulatory body or
organization.

          “Sell-Down Registration Rights Agreement” means the Sell-Down Registration Rights
Agreement, reflecting the key principles set forth on Exhibit C, to be entered into within
four weeks from the date hereof in accordance with Section 7.1(j).

          “Seller” has the meaning set forth in the Preamble.

          “Seller Change of Control Event” means any transaction or series of related
transactions (other than pursuant to this Agreement or any Ancillary Agreement) which upon
consummation would result in the occurrence of one or more of the following events:

          (i) any Person or a Group becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of 30% or more of the Seller Parent Shares or capital stock
of Seller;

14

 

          (ii) any amalgamation, consolidation or merger of Seller Parent or Seller with or into any
other Person, or any amalgamation or merger of another Person (other than any Subsidiary of the
Seller Parent) with or into Seller Parent or Seller, other than (a) any such transaction (x) that
does not result in any reclassification, conversion, exchange or cancellation of outstanding Seller
Parent Shares or the capital stock of Seller and (y) pursuant to which holders of voting securities
of Seller Parent or Seller immediately prior to such transaction have the entitlement to exercise,
directly or indirectly, 70% or more of the total voting power of Seller Parent or Seller or 70% or
more of the total voting power of the continuing or surviving Person (if not Seller Parent or
Seller, respectively) immediately after such transaction, or (b) any amalgamation, consolidation or
merger which is effected solely to change the jurisdiction of incorporation of Seller Parent and
results in a reclassification, conversion or exchange of outstanding Seller Parent Shares solely
into shares of the surviving entity;

          (iii) the sale of all or substantially all of the assets of Seller Parent or Seller or any of
their respective Subsidiaries, taken as a whole, to another Person or Group;

          (iv) individuals who on the date of this Agreement constituted the board of directors of
Seller Parent and Seller, as applicable, together with any directors whose nomination to the board
of directors was approved by a majority of the respective directors on the date of this Agreement
or by directors whose nomination was previously so approved, cease to constitute a majority of the
board of directors of Seller Parent and Seller, respectively, then in office; or

          (v) the liquidation or dissolution of Seller Parent or Seller or the passing of a resolution
by Seller Parent’s shareholders approving a plan of liquidation or dissolution of Seller Parent or
Seller.

          “Seller Intellectual Property Licenses” has the meaning set forth in Section 4.11(c).

          “Seller Parent” has the meaning set forth in the Preamble.

          “Seller Parent Independent Shareholders” means holders of Seller Parent Shares other
than the Principal Shareholders and their Affiliates.

          “Seller Parent Public Reports” means all announcements issued by Seller Parent and all
prospectus, circulars, annual reports, interim reports and other documents issued by Seller Parent
to holders of Seller Parent Shares on or after December 31, 2006, including, without limitation,
(i) the Announcement of Interim Results of Seller Parent for the six months ended 30 June 2009,
(ii) the Announcement of Annual Results of Seller Parent for the year ended 31 December 2008, (iii)
the Announcement of Annual Results of Seller Parent for the year ended 31 December 2007, (iv) the
Announcement of Annual Results of Seller Parent for the year ended 31 December 2006, (v) the
Circular of Seller Parent dated 30 April 2009 relating to the annual general meeting of Seller
Parent held on 2 June 2009 (and the related notice of general meeting and form of proxy), (vi) the
Circular of Seller Parent dated 30 April 2008 relating to the annual general meeting of Seller
Parent held on 2 June 2008 (and the related notice of general meeting and form of proxy), (vii) the
Circular of Seller Parent dated 27 April 2007 relating to the annual general meeting of Seller
Parent held on 25 May 2007 (and the related notice of general meeting and form of proxy), (viii)
the 2007 Annual Report of Seller Parent; (ix) the 2008 Annual Report of Seller Parent; (x)

15

 

the 2009 Interim Report of Seller Parent; and (xi) the Prospectus of Seller Parent dated 22
January 2007.

          “Seller Parent Requisite Vote” has the meaning set forth in Section 3.3.

          “Seller Parent Shareholders” means at a relevant time, holders of Seller Parent Shares
at such time.

          “Seller Parent Shares” means the shares of par value of HK$0.01 each in the share
capital of Seller Parent.

          “Seller Parent Shareholders Meeting” has the meaning set forth in Section 6.8(d).

          “Seller Regulatory Impediments” means (i) conditions, limitations, restrictions or
requirements, including any sales, divestitures, hold separates or other disposals, imposed upon
the Seller Parties or any of their Affiliates in connection with obtaining or failing to obtain the
approval of any Government Entity to the transactions contemplated hereby, or (ii) prohibitions
under any applicable Law that would, in each case of (i) and(ii), individually or in the aggregate,
reasonably be expected to be materially adverse to the business, assets, results of operations or
condition (financial or otherwise) of (a) Seller Parent and its Controlled Affiliates taken as a
whole, or (b) Laminate HoldCo and its Controlled Affiliates taken as a whole.

          “Seller’s Disclosure Schedules” means the disclosure schedules delivered by the Seller
Parties to the Buyer Parties immediately prior to the execution of this Agreement.

          “Seller’s Required Approvals” has the meaning set forth in Section 3.5.

          “Share Issuance” means the issuance of the Equity Consideration in accordance with the
terms of this Agreement.

          “Shared Services Agreement” means any Shared Services Agreement entered into by and
between Buyer Ultimate Parent and TTM Printed Circuit Group, Inc.

          “Shareholders Agreement” means the Shareholders Agreement in the form attached hereto
as Exhibit A.

          “Special Security Agreement” means any Special Security Agreement entered into between
and among SSL, Buyer Ultimate Parent, TTM Printed Circuit Group, Inc., and the United States
Department of Defense.

          “Specified Contracts” has the meaning set forth in Section 4.13(a).

          “SSL” means Su Sih (BVI) Limited, a company incorporated under the laws of the British
Virgin Islands.

          “Subsidiary” means, with respect to any Person, any corporation or other organization,
whether incorporated or unincorporated (i) of which such Person or any other Subsidiary of such
Person is a general partner (excluding partnerships, the general partnership interests of which

16

 

held by such Person or any Subsidiary of such Person, do not represent a majority of the
voting or equivalent interests in such partnership), or (ii) (x) a majority of the Capital Stock of
which is directly or indirectly owned or controlled by such Person or by any one or more of its
Subsidiaries or by such Person and one or more of its Subsidiaries or (y) the Capital Stock of
which is directly or indirectly owned or controlled by such Person or by any one or more of its
Subsidiaries or by such Person and one or more of its Subsidiaries and have by their terms ordinary
voting power to elect a majority of the board of directors or others performing similar functions
with respect to such corporation or other organization.

          “Surviving PCB Affiliate Arrangements” means (i) sale of laminate and other products
and the lease of dormitory space to the Transferred Entities, in each case by Persons carrying on
the Laminate Business from time to time, in the ordinary course of business, (ii) Contracts with
directors and officers or other employees of the Transferred Entities relating to provision of
services as directors, officers or employees of Transferred Entities, as applicable, in the
ordinary course of business, and (iii) any other Contracts with any of the Seller Parties or their
Affiliates entered into pursuant to or in accordance with this Agreement or any Ancillary
Agreements.

          “Tang Family Trust” means The Mein et Moi Trust, a discretionary trust established
under the laws of the Island of Jersey, which Mr. Tang is the sole trustee thereof.

          “Tax Returns” means all reports, returns, information returns, elections, agreements,
declarations, or other documents of any nature or kind (including any attached schedules,
supplements and additional or supporting material) filed or required to be filed with respect to
Taxes, including any claim for refund, amended return or declaration of estimated Taxes (and
including any amendments with respect thereto).

          “Taxes” means (i) all United States federal, state or local and all provincial or
foreign taxes, including income, gross receipts, capital gains, non-resident withholding, windfall
profits, VAT, severance, property, social security, national insurance contributions, production,
sales, use, duty, license, excise, franchise, capital, employment, withholding, rent or similar
taxes, levies, charges, surcharges or imposts together with any interest, fines, additions or
penalties with respect thereto, and any interest in respect of such fines, additions or penalties,
whether disputed or not, and (ii) any transferee or other secondary or non-primary liability or
other obligation with respect to any item in clause (i) above, whether such liability or obligation
arises by assumption, operation of law, Contract, indemnity, guarantee, as a successor or
otherwise.

          “Termination Date” has the meaning set forth in Section 8.1(b).

          “TMIL” means Top Mix Investments Limited, a company incorporated under the laws of the
British Virgin Islands.

          “Trade Secrets” has the meaning set forth in the “Intellectual Property”
definition.

          “Trademarks” has the meaning set forth in the “Intellectual Property”
definition.

          “Transfer Taxes” has the meaning set forth in Section 6.5(b)(i).

17

 

          “Transferred Employee” has the meaning set forth in Section 4.12(b).

          “Transferred Entities” means, collectively, the PCB HoldCos and the PCB Subsidiaries.

          “Transferred Entities Balance Sheets” has the meaning set forth in Section 4.5(a).

          “Transferred Entities Financial Statements” has the meaning set forth in Section
4.5(a).

          “Transferred Entities’ Required Approvals” has the meaning set forth in Section 4.3.

          “Transferred Equity Interests” means all of the issued and outstanding Capital Stock
of the PCB HoldCos.

          “Unaudited September 2009 Financial Information” has the meaning set forth in Section
6.13(c).

          “VAT” means any value added tax, consumption tax and goods and services tax and
includes any other Tax of a similar nature imposed (instead of or in addition to such tax) from
time to time, together with any interest and penalties thereon.

          “Willful Breach” means an action or failure to act by one of the Parties to this
Agreement that constitutes a breach of this Agreement, and such action was taken or such failure
occurred with such Party’s actual knowledge or intention that such action or failure to act would
constitute a breach of this Agreement.

          “Withdrawal Proposal” means the proposed withdrawal of listing of Seller Parent from
the Hong Kong Exchange.

     Section 1.2 Other Terms. Other terms may be defined elsewhere in the text of this
Agreement and, unless otherwise indicated, shall have such meaning throughout this Agreement.

     Section 1.3 Other Definitional Provisions. Unless the express context otherwise
requires:

     (a) the words “hereof”, “herein”, and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of
this Agreement;

     (b) the terms defined in the singular have a comparable meaning when used in the plural and
vice versa;

     (c) the terms “Dollars” and “$” mean United States Dollars;

     (d) the term “HK$” means Hong Kong Dollars;

     (e) references in this Agreement to a specific Section, Clause or Annex shall refer,
respectively, to Sections, Clauses or Annexes of this Agreement;

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     (f) wherever the word “include,” “includes,” or “including” is used
in this Agreement, it shall be deemed to be followed by the words “without limitation”;
and

     (g) references in this Agreement to either gender includes the other gender.

ARTICLE II

PURCHASE AND SALE OF THE TRANSFERRED EQUITY INTERESTS

     Section 2.1 Purchase and Sale. Upon the terms and subject to the conditions set forth
in this Agreement, at the Closing, Seller shall sell and transfer the Transferred Equity Interests
to Buyer, and Buyer shall purchase and receive the Transferred Equity Interests from Seller, free
and clear of any Encumbrances, other than restrictions on transfer which arise under applicable
securities Law (the transactions described in this Section 2.1, the “Purchase”).

     Section 2.2 Purchase Price. Upon the terms and subject to the conditions of this
Agreement, at the Closing, in consideration of the Purchase, Buyer Ultimate Parent shall pay or
cause to be paid the Purchase Price as set forth below and shall take or cause to be taken the
following actions:

     (a) Buyer Ultimate Parent shall (i) pay Seller Parent, as designee of Seller, the Cash
Purchase Price, without deduction or set-off, by wire transfers of immediately available U.S.
dollar funds to one or more accounts to be designated in writing by Seller to Buyer Ultimate
Parent not less than five Business Days prior to the Closing Date, and (ii) issue to Seller
Parent, as designee of Seller, the Equity Consideration, free and clear of all Encumbrances
(other than restrictions on transfer which arise under applicable securities Law and the
Shareholders Agreement), together with all rights attaching on and from the time of issuance, in
each case of (i) and (ii), pursuant to the Allocation as agreed by Buyer Ultimate Parent and
Seller Parent pursuant to Section 6.5(d).

     Section 2.3 Closing. The closing of the Purchase (the “Closing”) shall take
place: (i) on the fifth Business Days following the satisfaction or waiver of the conditions set
forth in Article VII with respect to the Closing (other than those conditions that by their terms
are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions);
or (ii) at such other time and date as the Parties to this Agreement may agree in writing.

     Section 2.4 Deliveries by the Buyer Parties. At the Closing, Buyer Ultimate Parent
shall pay or deliver to Seller Parent, as designee of Seller, the following:

     (a) a counterpart signature page to the Shareholders Agreement, duly executed by Buyer
Ultimate Parent;

     (b) a counterpart signature page to the Registration Rights Agreement, duly executed by
Buyer Ultimate Parent;

     (c) the Cash Purchase Price as provided pursuant to Section 2.2(a);

     (d) a stock certificate representing the Equity Consideration, duly registered in the name
of Seller Parent, as designee of Seller, free and clear of any Encumbrances (other than

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restrictions on transfer which arise under applicable securities Laws and those arising under
the Shareholders Agreement);

     (e) the certificate to be delivered pursuant to Section 7.3(d);

     (f) a receipt from Buyer acknowledging the transfer and receipt of the Transferred Equity
Interests to the Buyer;

     (g) certified copy of the resolutions adopted by the Board of the Buyer and the Buyer
Ultimate Parent, authorizing the execution and delivery of this Agreement and the Ancillary
Agreement and the transactions contemplated hereunder and thereunder, including without
limitation, the Purchase of the Transferred Equity Interests, the allotment and issuance of the
Equity Consideration to Seller Parent, as designee of Seller, and the registration of the Seller
Parent, as designee of Seller, as the owner of the Equity Consideration in the stock register of
the Buyer Ultimate Parent;

     (h) evidence to the reasonable satisfaction of the Seller Parties that the Seller Parent,
as designee of Seller, has been registered as the owner of the Equity Consideration in the stock
register of the Buyer Ultimate Parent; and

     (i) a letter of instruction signed by an authorized officer of each of the PCB Holdcos and
directed to the registered agent of each such entity in the British Virgin Islands instructing
such registered agent or agents to update the register of members to reflect Buyer as the owner
of all outstanding equity interests of the PCB Holdcos.

     Section 2.5 Deliveries by Seller Parties. At the Closing, Seller shall deliver, or
cause to be delivered, to Buyer Ultimate Parent the following:

     (a) a counterpart signature page to the Shareholders Agreement, duly executed by SSL;

     (b) a counterpart signature page to the Registration Rights Agreement, duly executed by SSL
and Mr. Tang;

     (c) share certificates representing the Transferred Equity Interests duly registered in the
name of Buyer, free and clear of any Encumbrances (other than restrictions on transfer which
arise under applicable securities Laws and other than Encumbrances created in or by Buyer or any
of its Affiliates), in each case accompanied by instruments of transfer duly executed by Seller,
in favor of Buyer;

     (d) the certificate to be delivered pursuant to Section 7.2(d);

     (e) the share register of each PCB HoldCo duly updated to reflect the name of the Buyer as
the holder of the Transferred Equity Interests; and

     (f) a receipt acknowledging payment of the Equity Consideration and the Cash Purchase Price
by Buyer Ultimate Parent.

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     Section 2.6 Certain Adjustments. In the event that at or prior to the Closing, Buyer
Ultimate Parent changes or sets a record date for a change in the number of Buyer Ultimate Parent
Common Stock, or the number of securities convertible or exchangeable into or exercisable for Buyer
Ultimate Parent Common Stock issued and outstanding prior to the Closing as a result of a
reclassification, stock split (including a reverse split), stock dividend (including a distribution
of securities convertible or exchangeable into or exercisable for shares of Buyer Ultimate Parent
Common Stock), or other similar change with respect to the Capital Stock of Buyer Ultimate Parent,
including any issuances pursuant to any stockholder rights plan of Buyer Ultimate Parent which may
be in place prior to Closing, the Equity Consideration shall be adjusted appropriately to reflect
the appropriate effect of such reclassification, stock split, stock dividend or other similar
change having a record date occurring on or after the date hereof and prior to the Closing.

ARTICLE III

REPRESENTATIONS AND WARRANTIES RELATING TO SELLER PARTIES

          Except as set forth in the Seller’s Disclosure Schedules or in Seller Parent Public Reports,
each of the Seller Parties, jointly and severally, represents and warrants to the Buyer Parties, as
follows:

     Section 3.1 Organization and Qualification; Residency. Seller Parent is an exempted company
duly incorporated, validly existing and, to the extent the concept is applicable, in good standing
under the Laws of the Cayman Islands with limited liability. Each of SSL, TMIL and Seller is a
legal entity duly organized or incorporated as a company limited by shares, validly existing
 and, to the extent the concept is applicable, in good standing under the Laws of the British
Virgin Islands.

     Section 3.2 Ownership. Seller Parent is, and as of the Closing Date will be, the legal and
beneficial owner of all of the issued and outstanding Capital Stock of Seller. Seller is, and
immediately prior to the Closing will be, the legal and beneficial owner of the Transferred Equity
Interests, free and clear of any Encumbrances (other than restrictions on transfer that arises
under applicable securities Law). Upon delivery to Buyer Ultimate Parent at the Closing of
certificates, representing the Transferred Equity Interests duly registered in the name of Buyer or
its designee, in each case accompanied by duly executed instruments of transfer, duly notarized
where legally required, in such name as Buyer Ultimate Parent shall direct, and upon Seller’s
receipt of the Cash Purchase Price and Equity Consideration, and upon the share register of each
PCB HoldCo being updated to reflect the name of the Buyer as the holder of the relevant Transferred
Equity Interests, the Buyer will be the legal and beneficial owner of the Transferred Equity
Interests, free and clear of any Encumbrances (other than restrictions on transfer which arise
under applicable securities Laws and other than Encumbrances or other defects in title created in
or by Buyer or any of its Affiliates). Other than this Agreement, the Ancillary Agreements and the
Organizational Documents of the Transferred Entities, the Transferred Equity Interests are not
subject to any voting trust agreement or other Contract, including any Contract restricting or
otherwise relating to the voting, dividend rights, sale, purchase, exchange, transfer or other
disposition of the Transferred Equity Interests. As of the Closing, the Transferred Entities will
be the only Affiliates of Seller by or through which any material party of the PCB Business is
operated or conducted.

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     Section 3.3 Corporate Authority. Each of the Seller Parties has full corporate power and
authority to execute and deliver this Agreement and each of the Ancillary Agreements to which it is
a party and, in the case of Seller Parent, subject only to (a) the prior approval (by way of poll)
by more than 50% of the votes held by Seller Parent Independent Shareholders, present in person or
by proxy or (being a corporation) by duly authorized representative, at Seller Parent Shareholders
Meeting, of the resolutions necessary to approve the transactions contemplated by this Agreement
and the Concurrent SPA, provided that the resolutions are approved (by way of poll) by Seller
Parent Independent Shareholders holding at least 75% of the votes attaching to Seller Parent Shares
held by them that are voted either in person or by proxy at Seller Parent Shareholders Meeting, and
the number of votes cast (by way of poll) against such resolutions at Seller Parent Shareholders
Meeting is not more than 10% of the votes attaching to all Seller Parent Shares held by Seller
Parent Independent Shareholders; (b) the prior approval (by way of poll), by more than 75% of the
votes attaching to Seller Parent Shares held by Seller Parent Shareholders present in person or by
proxy or (being a corporation) by duly authorized representative at Seller Parent Shareholder
Meeting of the resolutions necessary to approve the Distribution; (c) the prior approval (by way of
poll) by more than 75% of the votes attaching to Seller Parent Shares held by Seller Independent
Parent Shareholders that are voted either in person or by proxy at Seller Parent Shareholder
Meeting of the resolutions necessary to approve the Withdrawal Proposal and the number of votes
cast (by way of poll) against such resolutions at Seller Parent Shareholder Meeting is not more
than 10% of the votes attaching to all Seller Parent Shares held by Seller Parent Independent
Shareholders; and (d) the prior approval (by way of poll) by more than 75% of the votes attaching
to Seller Parent Shares held by Seller Parent Shareholders that are voted either in person or by
proxy or (being a corporation) by duly authorized representative at Seller Parent Shareholder
Meeting of the resolutions necessary to approve the amendments to the articles of association of
Seller Parent, the deregistration of Seller Parent from the Cayman Islands and continuation in the
British Virgin Islands of Seller Parent as a British Virgin Islands business company and adoption
of new memorandum and articles of association, and in each case under the applicable listing and
corporate governance rules and regulations of the Hong Kong Exchange and all other applicable Laws,
(collectively, the “Seller Parent Requisite Vote”), to perform its obligations hereunder
and thereunder and to consummate the transactions contemplated hereunder and thereunder. The
execution, delivery and performance by each of the Seller Parties of this Agreement and each of the
Ancillary Agreements to which it is a party, and each of the transactions contemplated hereunder or
thereunder, have been duly and validly authorized, and, in the case of Seller Parent, except for
Seller Parent Requisite Vote, no additional corporate or shareholder authorization or consent is
required in connection with the execution, delivery and performance by the Seller Parties of this
Agreement and each of the Ancillary Agreements to which it is a party or any of the transactions
contemplated hereunder or thereunder.

     Section 3.4 Binding Effect. Each of the Seller Parties has duly executed and delivered this
Agreement and at or prior to the Closing will have duly executed and delivered each Ancillary
Agreement to which it is, or is specified to be, a party. This Agreement, when duly and validly
authorized, executed and delivered by the Buyer Parties, and each of the Ancillary Agreements to
which any of the Seller Parties is a party, when duly and validly authorized, executed and
delivered by the applicable counterparties thereto, will constitute a valid and legally binding
obligation of the applicable Seller Party, enforceable against such Seller Party, as applicable, in

22

 

accordance with its terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar Laws of general applicability
relating to or affecting creditors’ rights and to general equity principles.

     Section 3.5 Consents and Approvals. Other than in connection with (a) the HSR Act, the
Anti-monopoly Law of the PRC and the regulations promulgated thereunder or any other Antitrust Law,
(b) CFIUS pursuant to Section 721 of the DPA, (c) DSS pursuant to the NISPOM, (d) the submission
and approval of the announcements as may be required to be issued under the Hong Kong Listing Rules
and the Hong Kong Merger Regulation and the Circular to the Hong Kong Exchange and the Hong Kong
Executive for approval by the Hong Kong Exchange and the Hong Kong Executive respectfully, (e) the
filing with the SEC, and declaration of effectiveness under the Securities Act, of the Form S-4 and
(f) the deregistration of the Seller Parent from the Cayman Islands and its continuation in the
British Virgin Islands and adoption of a new memorandum and articles of association (the matters
covered under (a) through (f) above, collectively, the “Seller’s Required Approvals”), none
of the Seller Parties is required to obtain any authorization, waiver, consent or approval of, or
make any filing or registration with, or give any notice to, any Government Entity or to obtain any
Permit in connection with the execution, delivery and performance by any of the Seller Parties of
this Agreement or each of the Ancillary Agreements to which it is a party or any of the
transactions contemplated hereunder or thereunder, other than any authorization, waiver, consent,
approval, filing, registration, notice or Permit, the failure of which to obtain, make or give
would not, individually or in the aggregate, have a Material Adverse Effect.

     Section 3.6 Non-Contravention. The execution, delivery and performance by each of the Seller
Parties of this Agreement and each of the Ancillary Agreements to which it is a party, and the
consummation by the Seller Parties of the transactions contemplated hereunder and thereunder, do
not and will not, with or without the giving of notice, the lapse of time or both, (i) assuming the
receipt of all consents, approvals, waivers and authorizations and the making of the notices and
filings (x) referred to in Section 3.5 or (y) required to be received or made by any of the
Transferred Entities, as contemplated by Section 4.3 and Section 4.4, conflict with or violate any
provision of the Organizational Documents of any of the Seller Parties, (ii) assuming the receipt
of all consents, approvals, waivers and authorizations and the making of the notices and filings
(x) referred to in Section 3.5 or (y) required to be received or made by any of the Transferred
Entities, as contemplated by Section 4.3 and Section 4.4, conflict with, or result in the breach
of, or constitute a default under, or result in the termination, Encumbrance, vesting,
cancellation, modification
or acceleration of any right or obligation of any of the Seller Parties
under, or result in a loss of any benefit to which any of the Seller Parties is entitled under, any
Contract, Benefit and Compensation Arrangement or other agreement or instrument binding upon any of
the Seller Parties or to which the property of any of the Seller Parties is subject (including,
without limitation, the Transferred Equity Interests), or (iii) assuming the receipt of all
consents, approvals, waivers and authorizations and the making of notices and filings (A) referred
to in Section 3.5 or (B) required to be received or made by any of the Transferred Entities or by
the Buyer Parties or any of their Affiliates, violate or result in a breach of or constitute a
default under any Law to which any of the Seller is subject or under any Permit of the Seller
Parties that is related to the PCB Business, other than, in the case of clauses (ii) and (iii), any
conflict, breach, default, termination, Encumbrance, vesting, cancellation, modification,

23

 

acceleration or loss that would not, individually or in the aggregate, have a Material Adverse
Effect.

     Section 3.7 Finders’ Fees. Except for fees that may be paid to Merrill Lynch (Asia Pacific)
Limited or its Affiliates, there is no investment banker, broker, finder or other intermediary that
has been retained by or is authorized to act on behalf of any of the Seller Parties who would be
entitled to any fee or commission from any of the Seller Parties in connection with this Agreement,
any of the Ancillary Agreements or the transactions contemplated hereunder and thereunder.

     Section 3.8 Litigation. There is no Litigation pending or, to the Knowledge of the Seller
Parties, threatened against or affecting Seller Parent or Seller that challenges the validity or
enforceability of this Agreement or the Ancillary Agreements or seeks to enjoin or prohibit
consummation of, or seek other material equitable relief with respect to, the transactions
contemplated by this Agreement or the Ancillary Agreements or that would, individually or in the
aggregate, reasonably be expected to impair or delay materially the ability of any of the Seller
Parties to perform its respective obligations hereunder and thereunder.

     Section 3.9 HSR Act. Mr. Tang is the Ultimate Parent Entity (as such term is defined in the
HSR Act) of the Transferred Entities based on the requirements and standards set forth in the HSR
Act.

     Section 3.10 Seller Parent Public Reports. Each of Seller Parent Public Reports, as of their
respective dates, complied in all material respects with Seller Parent’s memorandum and articles of
association, the applicable listing and corporate governance rules and regulations of the Hong Kong
Exchange and the Hong Kong SFC and all other applicable Laws (including the Hong Kong Listing
Rules, the Hong Kong Merger Regulation, and the Companies Law (2009 Revision) of the Cayman
Islands). As of their respective dates (or, if amended prior to the date of this Agreement, as of
the date of such amendment) the information contained in Seller Parent Public Reports relating to
the Transferred Entities and the PCB Business, did not contain any untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the
statements made therein, in light of the circumstances in which they were made, not misleading.

     Section 3.11 Information in Circular. The Circular and any amendment or supplement thereto
shall not, as of the date of the Circular, contain any untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading,
provided that this representation and warranty does not apply to statements made or incorporated by
reference in the Circular based on information supplied by or on behalf of any of the Buyer Parties
or any of their respective Affiliates.

     Section 3.12 Information in Form S-4 and Proxy Statement. None of the information supplied
or to be supplied by or on behalf of the Seller Parties, the Principal Shareholders or their
respective Affiliates for inclusion or incorporation by reference in (i) the Form S-4 will, at the
time the Form S-4 or any amendment or supplement thereto is declared effective under the Securities
Act, contain any untrue statement of a material fact or omit to state any material fact

24

 

required to
be stated therein or necessary to make the statements therein not misleading or (ii) the Proxy
Statement to be distributed to the holders Buyer Ultimate Parent Common Stock will, at the time of
mailing (or availability pursuant to Rule 14a-16 under the Exchange Act) of the
Proxy Statement or any amendments or supplements thereto to the holders of Buyer Ultimate
Parent Common Stock and at the time of the Buyer Ultimate Parent Special Meeting, contain an untrue
statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which they are made,
not misleading.

     Section 3.13 Filings. None of the information supplied or to be supplied by or on behalf of
the Seller Parties, the Principal Shareholders or their respective Affiliates in writing for
inclusion in any application, filing or other document to be filed with any Government Entity in
connection with the transactions contemplated by this Agreement (including, without limitation, any
communications made pursuant to Rules 165 or 425 under the Securities Act) will, at the respective
times such information is so provided, contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading.

     Section 3.14 No Other Representations or Warranties. Except for representations and
warranties expressly contained in this Agreement (as qualified and supplemented by the Seller’s
Disclosure Schedules) and the Ancillary Agreements (including any certificates or other instruments
delivered in connection with this Agreement and the Ancillary Agreements), none of the Seller
Parties or any other Person makes any other express or implied representation or warranty on behalf
of any of the Seller Parties relating to any of the Seller Parties or the Principal Shareholders.
EACH OF THE BUYER PARTIES ACKNOWLEDGES AND AGREES THAT, EXCEPT IN THE CASE OF FRAUD, THE SELLER
PARTIES AND THEIR AFFILIATES WILL NOT HAVE OR BE SUBJECT TO ANY LIABILITY OR INDEMNIFICATION
OBLIGATION TO THE BUYER PARTIES OR ANY OF THEIR AFFILIATES OR ANY OTHER PERSON RESULTING FROM THE
MAKING AVAILABLE OR FAILING TO MAKE AVAILABLE TO THE BUYER PARTIES OR ANY OF THEIR AFFILIATES, OR
ANY USE BY THE BUYER PARTIES OR ANY OF THEIR AFFILIATES OF, ANY INFORMATION, INCLUDING ANY
INFORMATION, DOCUMENTS, PROJECTIONS, FORECASTS OR OTHER MATERIAL MADE AVAILABLE TO THE BUYER
PARTIES OR ANY OF THEIR AFFILIATES IN CERTAIN “DATA ROOMS” OR MANAGEMENT PRESENTATIONS IN
EXPECTATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, EXCEPT TO THE EXTENT ANY SUCH
INFORMATION IS EXPRESSLY INCLUDED IN A REPRESENTATION OR WARRANTY CONTAINED IN THIS AGREEMENT (AS
QUALIFIED AND SUPPLEMENTED BY THE SELLER’S DISCLOSURE SCHEDULES) OR ANY ANCILLARY AGREEMENT
(INCLUDING ANY CERTIFICATES OR OTHER INSTRUMENTS DELIVERED IN CONNECTION WITH THIS AGREEMENT AND
THE ANCILLARY AGREEMENTS).

25

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES RELATING

TO THE TRANSFERRED ENTITIES AND THE PCB BUSINESS

          Except as set forth in the Seller’s Disclosure Schedules or in Seller Parent Public Reports,
each of the Seller Parties, jointly and severally, represents and warrants to the Buyer Parties,
solely in respect of the Transferred Entities and the PCB Business, as follows:

     Section 4.1 Organization and Qualification. Each Transferred Entity is as of the date of
this Agreement, and each Transferred Entity will be as of the Closing, a legal entity duly
organized or incorporated, validly existing and, to the extent such concept is applicable under any
applicable local Law, in good standing under the Laws of its jurisdiction of organization. Each
Transferred Entity has as of the date of this Agreement, and each Transferred Entity will have as
of the Closing, all requisite corporate or other similar power and authority to own, lease and
operate all of its properties and assets and to carry on its businesses in all material respects as
conducted, owned, leased or operated as of the date of this Agreement. Each Transferred Entity is
as of the date of this Agreement, and each Transferred Entity will be as of the Closing, duly
qualified to do business in each jurisdiction where the ownership or operation of its properties
and assets or the conduct of its businesses requires such Transferred Entity to be so qualified,
except for any failure to be so qualified that would not, individually or in the aggregate, have a
Material Adverse Effect. Seller Parent has made available to Buyer Ultimate Parent, prior to the
date of this Agreement, complete and correct copies of the Organizational Documents of each of the
Transferred Entities, in each case, as in effect on the date of this Agreement. Each Organizational
Document of each Transferred Entity is as of the date of this Agreement and will be as of the
Closing in full force and effect and there has been, or will be, no material violation thereof.

     Section 4.2 Capitalization.

     (a) Section 4.2(a) of the Seller’s Disclosure Schedules sets forth, for each Transferred
Entity, as of the date of this Agreement and as of the Closing, (A) the name and jurisdiction of
organization of such Transferred Entity, (B) the number of shares of authorized, issued and
outstanding Capital Stock of such Transferred Entity and the names of the holders thereof and
(C) the number of shares of authorized, issued and outstanding Capital Stock of such Transferred
Entity that are held in treasury by such Transferred Entity, as applicable. As of the date of
this Agreement, all of the issued and outstanding shares of Capital Stock of the Transferred
Entities have been, and as of the Closing, all of the issued and outstanding shares of Capital
Stock of the Transferred Entities will be, duly authorized and validly issued, fully paid and
not issued in violation of any Equity Rights.

     (b) Except for this Agreement and the Ancillary Agreements, and as set forth in Section
4.2(b) of the Seller’s Disclosure Schedules, as of the date of this Agreement and as of the
Closing, there are no securities, preemptive or other outstanding rights, rights of first
refusal, options, warrants, calls, conversion rights, share appreciation rights, redemption
rights, repurchase rights, agreements, plans, “tag along” or “drag along” rights, arrangements,
undertakings or commitments of any character (collectively, “Equity Rights”) (i) under
which any Transferred Entity is or may become obligated to issue, deliver, redeem,

26

 

purchase or
sell, or cause to be issued, delivered, redeemed, purchased or sold, or in any way dispose of,
any Capital Stock, or any securities or obligations that are exercisable or exchangeable for, or
convertible into, any Capital Stock, of such Transferred Entity, as applicable, and no
securities or obligations evidencing such rights are authorized, issued or outstanding, (ii)
giving any Person a right to subscribe for or acquire any Transferred Equity Interests or (iii)
obligating any of the Transferred Entities to issue, grant, adopt or enter into any such Equity
Right in respect of any Transferred Entity.

     (c) As of the date of this Agreement and as of the Closing, except for this Agreement and
the Ancillary Agreements, and except as set forth in Section 4.2(c) of the Seller’s Disclosure
Schedules, none of the Transferred Entities has any (x) outstanding Indebtedness that could
convey to any Person the right to vote, or that is convertible into or exercisable for
Transferred Equity Interests or Capital Stock of any Transferred Entity or (y) Equity Rights
that entitle or convey to any Person the right to vote with the holder of Transferred Equity
Interests or Capital Stock of any Transferred Entity on any matter with respect to the
Transferred Equity Interests or such Capital Stock. As of the date of this Agreement and as of
the Closing, the issued and outstanding Capital Stock of the Transferred Entities are not
subject to any voting trust agreement or other Contract restricting or otherwise relating to the
voting, dividend rights or disposition of such Capital Stock. As of the date of this Agreement
and as of the Closing, except for this Agreement and the Ancillary Agreements, and except as set
forth in Section 4.2(c) of the Seller’s Disclosure Schedules, there are no issued and
outstanding or authorized phantom stock, profit participation or similar rights providing
economic benefits based, directly or indirectly, on the value or price of the Capital Stock of
the Transferred Entities.

     Section 4.3 Consents and Approvals. Other than the Seller’s Required Approvals or as
set forth on Section 4.3 of the Seller’s Disclosure Schedules (the “Transferred Entities’ Required
Approvals”), no Transferred Entity is required to obtain any authorization, waiver, consent or
approval of, or make any filing or registration with, or give any notice to, any Government Entity
or to obtain any Permit in connection with the execution, delivery and performance by any of the
Seller Parties of this Agreement or each of the Ancillary Agreements to which it or he is a party
or any of the transactions contemplated hereunder or thereunder, other than any authorization,
waiver, consent, approval, filing, registration, notice or Permit the failure of which to obtain,
make or give would not, individually or in the aggregate, have a Material Adverse Effect.

     Section 4.4 Non-Contravention. The execution, delivery and performance by each of the Seller Parties of this Agreement and
each of the Ancillary Agreements to which it is a party, and the consummation by the Seller Parties
of the transactions contemplated by this Agreement and each of the Ancillary Agreements to which it
is a party, do not and will not, with or without the giving of notice, the lapse of time or both,
(a) conflict with or violate any provision of the Organizational Documents of any Transferred
Entity, (b) assuming the receipt of all consents, approvals, waivers and authorizations and the
making of the notices and filings (i) referred to in Section 4.3 or (ii) required to be received or
made by the Seller Parties, as contemplated by Section 3.5 and Section 3.6, conflict with, or
result in the breach of, or constitute a default under, or result in the termination, Encumbrance,
vesting, cancellation, modification or acceleration of any right or obligation of any Transferred
Entity under, or result in a loss of any benefit to which

27

 

any Transferred Entity or the PCB
Business is entitled under, any Contract, Benefit and Compensation Arrangement or other agreement
or instrument binding upon any Transferred Entity or to which the property of any Transferred
Entity is subject, or result in any penalty or other payment by any Transferred Entity, or (c)
assuming the receipt of all consents, approvals, waivers and authorizations and the making of
notices and filings (i) referred to in Section 4.3 or (ii) required to be received or made by the
Seller Parties or by the Buyer Parties or any of their respective Affiliates, violate or result in
a breach of or constitute a default under any Law to which any Transferred Entity is subject or
under any Permit of any Transferred Entity that is
primarily related to the PCB Business, other than, in the case of clauses (b) and (c), any
conflict, breach, default, termination, Encumbrance, vesting, cancellation, modification,
acceleration or loss that would not, individually or in the aggregate, have a Material Adverse
Effect.

     Section 4.5 Financial Information.

     (a) Set forth on Section 4.5 of the Seller’s Disclosure Schedules are complete and correct
copies of the unaudited combined balance sheet of the Transferred Entities on a carve-out basis
as of 30 June 2009 (the “Latest Transferred Entities Balance Sheets”), and audited
combined balance sheets of the Transferred Entities on a carve-out basis as of 31 December 2008,
31 December 2007 and 31 December 2006 (the “Transferred Entities Balance Sheet”) and the
unaudited combined profit and loss account for the Transferred Entities on a carve-out basis for
the six-months period ended 30 June 2009 (the “Latest Transferred Entities Profit and Loss
Account” together with the Latest Transferred Entities Balance Sheets, the “Latest
Transferred Entities Financial Statements”) and the audited combined profit and loss account
for the Transferred Entities for the years ended 31 December 2008, 31 December 2007 and 31
December 2006 (together with the Transferred Entities Balance Sheet, the “Transferred
Entities Financial Statements”). The Transferred Entities Financial Statements have been
derived from the accounting books and records of the Transferred Entities and present fairly, in
all material respects, the combined financial position and results of operations of the
Transferred Entities on a carve-out basis as of and for the dates and periods thereof, and each
of such Transferred Entities Financial Statements has been prepared in accordance with Hong Kong
FRS applied on a basis consistent with past practice, except as expressly provided in the
Transferred Entities Financial Statements.

     (b) The books and records of the Transferred Entities have been maintained in all material
respects in accordance with reasonable business practices. The Latest Transferred Entities
Balance Sheet does not reflect any material asset that as of the date herereof does not
constitute a part of the PCB Business, and the Latest Transferred Entities Profit and Loss
Account does not reflect the results of any material operations of any Person that as of the
date hereof does not constitute a part of the PCB Business.

     (c) The Transferred Entities maintain in all material respects internal control over
financial reporting to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with
Hong Kong FRS.

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     Section 4.6 Litigation and Claims.

     (a) Other than with respect to Taxes (the sole representations with respect to which are
set forth in Section 4.7), and except as set forth in Section 4.6 of the Seller’s Disclosure
Schedules, there is no civil, criminal, administrative or regulatory action or Litigation by any
Person pending, or to the Knowledge of the Seller Parties, threatened against or relating to any
of the Transferred Entities, or any of their properties, assets or
rights or the PCB Business, that would, individually or in the aggregate, have a Material
Adverse Effect.

     (b) Other than with respect to Taxes (the sole representations with respect to which are
set forth in Section 4.7) or as set forth on Section 4.6(b) of the Seller’s Disclosure
Schedules, no Transferred Entity nor the PCB Business is subject to any order, writ, judgment,
award, injunction or decree of any Government Entity or any arbitrator that would, individually
or in the aggregate, have a Material Adverse Effect.

Section 4.7 Taxes. As of the date of this Agreement and as of the Closing Date with respect
to the Transferred Entities:

     (a) All material Tax Returns with respect to the Transferred Entities required to be filed
have been duly and timely filed with the appropriate Government Entity, all such Tax Returns are
true, correct and complete in all material respects, and the Transferred Entities have timely
paid all Taxes shown as due on such Tax Returns.

     (b) There are no material audits, examinations, investigations or other proceedings pending
or threatened in writing in respect of Taxes with respect to any of the Transferred Entities, no
material issues that have been raised by a Government Entity in connection with any examination
of the Tax Returns referred to in Section 4.7(a) are currently pending.

     (c) To the Knowledge of the Seller Parties, none of the Transferred Entities (x) is the
subject of any material agreement, ruling or arrangement in respect of Taxes with any Government
Entity, and no such agreement, ruling or arrangement is pending or (y) is or has been entitled
to any Tax holiday, Tax credit, or other similar Tax incentive or benefit from any jurisdiction
(other than such benefits as are generally available to all Persons engaged in business and
subject to tax as a resident in such jurisdiction), which, to Seller Parties’ Knowledge, would
be subject to forfeiture, recapture, or other recovery by the Government Entity granting such
benefit in connection with the transactions contemplated hereby or in connection with any
dissolution, or cessation of business in, or withdrawal of assets from or a reduction of the
number of employees in the relevant jurisdiction.

     (d) None of the Transferred Entities has any material liability for the Taxes of any Person
under U.S. Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or
foreign law), as a transferee or successor, by contract, or otherwise.

     (e) There are no Encumbrances for Taxes, other than Permitted Encumbrances, upon any of the
assets of any Transferred Entity.

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     (f) No (A) waiver of any statute of limitations in respect of material Taxes, (B) agreement
for any extension of time with respect to a Tax assessment or deficiency or (C) power of
attorney has been granted with respect to material Taxes, in each case, relating to any
Transferred Entity or the assets thereof. None of the Transferred Entities is a party to, bound
by, or has any obligation or liability under, any Tax allocation, Tax sharing or Tax indemnity
agreement or arrangement.

     (g) No Transferred Entity has any investment in United States property within the meaning
of Section 956(c) of the Code.

     (h) None of the Transferred Entities has constituted either a “distributing corporation” or
“controlled corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a
distribution of stock qualifying for tax-free treatment under Section 355 of the Code (A) in the
two (2) years prior to the date of this Agreement or (B) in a distribution which could otherwise
constitute a “plan” or “series of related transactions” (within the meaning of Section 355 of
the Code) with the transactions contemplated by this Agreement.

     (i) There has been made available to Buyer correct and complete copies of the relevant
portion of all material Tax Returns of the Transferred Entities for the taxable periods ending
within the last three calendar years before the Closing Date, which have been filed with the
applicable tax authority.

     (j) None of the Transferred Entities has been a United States real property holding
corporation within the meaning of Section 897(c)(2) of the Code during the applicable period
specified in Section 897(c)(1)(A)(ii) of the Code.

     (k) Section 4.7(k) of the Seller’s Disclosure Schedules lists all national, federal,
foreign, state, provincial and local jurisdictions in which any of the Transferred Entities
files material Tax Returns (excluding any Tax Returns required to be filed in any jurisdiction
solely as a result of customs or similar Taxes to which a Transferred Entity may be subject as a
result of exporting products to customers residing in such jurisdiction). No claim or inquiry
is pending by any Government Entity in a jurisdiction in which a Transferred Entity does not
file Tax Returns that it is or may be subject to taxation or any requirement to file Tax Returns
in such jurisdiction.

     (l) No Transferred Entity has (i) participated in any “listed transaction” within the
meaning of U.S. Treasury Regulation Section 1.6011-4(c)(3)(i)(A), or (ii) promoted, marketed,
offered to sell, sold or advised in respect of any such “listed transaction.”

     (m) None of the Transferred Entities is an expatriated entity (as defined in Section
7874(a)(2)(A) of the Code) or a surrogate foreign corporation (within the meaning of Section
7874(a)(2)(B) of the Code).

     Section 4.8 Employee Benefits.

     (a) All employment (or form of employment), benefit and compensation agreements, plans,
contracts, programs, policies or arrangements covering one or more

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Employees or former employees
of a Transferred Entity (to the extent there is a current or future obligation to such former
employee under any Assumed Benefit and Compensation Arrangement), including any trust
instruments and insurance contracts forming a part thereof, any deferred compensation, stock
option, stock purchase, stock appreciation rights, stock based or other incentive, bonus,
consulting, post-retirement insurance, workers’ compensation, disability, medical insurance,
work-related injury or sickness insurance, maternity insurance, retirement, pension, housing or
housing funds, union or workers’ activity funding, fringe, perquisite or other benefit,
vacation, severance and change in control
agreements, plans, contracts, programs, policies or arrangements (the “Benefit and
Compensation Arrangements”), are listed on Section 4.8(a) of the Seller’s Disclosure
Schedules. Each Benefit and Compensation Arrangement or portion thereof sponsored solely or
primarily by any Transferred Entity or one of its Subsidiaries (except as otherwise set forth in
Section 4.8(a) of the Seller’s Disclosure Schedules) is separately identified on Section 4.8(a)
of the Seller’s Disclosure Schedules and is referred to herein as an “Assumed Benefit and
Compensation Arrangement.” Each Assumed Benefit and Compensation Arrangement that provides
only health, welfare, retirement, housing or other employee benefits shall be referred to herein
as an “Assumed Benefit Arrangement.” Seller Parent has delivered to Buyer Ultimate Parent (A) a
copy of each Assumed Benefit and Compensation Arrangement and a summary of each material Benefit
and Compensation Arrangement that is not an Assumed Benefit and Compensation Arrangement, and
(B) with respect to each Assumed Benefit and Compensation Arrangement (where applicable), (i)
the most recent summary plan description, and (ii) the version effective as of the date of this
Agreement of all related agreements (including trust agreements), insurance Contracts and other
Contracts which implement such plan.

     (b) All Benefit and Compensation Arrangements are and have been operated in compliance in
all material respects with all applicable Laws of the relevant jurisdiction (including any local
regulatory or Tax approval requirements) and, to the extent relevant, the governing provisions
of the relevant Benefit and Compensation Arrangement (such Laws and provisions hereinafter
referred to as “Applicable Local Law”). No material Litigation is pending or, to the
Knowledge of the Seller Parties, threatened with respect to any Benefit and Compensation
Arrangement.

     (c) All material contributions, reserves or premium payments required to be made with
respect to any Employee under the terms of any Assumed Benefit and Compensation Arrangement have
been made or have been properly accrued or otherwise adequately reserved for in the Latest
Transferred Entities Balance Sheet in accordance with Hong Kong FRS.

     (d) There has been no amendment to, or announcement by any Seller Party or any of its
Affiliates in respect of the Employees relating to, or change in employee participation or
coverage under, any Assumed Benefit and Compensation Arrangement which would increase materially
the expense of maintaining such Assumed Benefit and Compensation Arrangement above the level of
the expense incurred therefor for the year ended December 31, 2008.

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     (e) Neither the execution of this Agreement nor the consummation of the transactions
contemplated by this Agreement will (i) entitle any Transferred Employees to severance pay,
bonus or benefits or any increase in severance pay, bonus, benefits or would result in an
increase in the applicable notice period upon any termination of employment on or after the date
of this Agreement, (ii) accelerate the time of payment or vesting or result in any payment or
funding (through a grantor trust or otherwise) of compensation or benefits under, increase the
amount payable or result in any other material obligation pursuant to any of the Benefit and
Compensation Arrangements to any Transferred Employees, (iii) limit or restrict the right of any
Buyer Party or any of its Affiliates in respect of the Transferred
Employees to merge, amend or terminate any of the Assumed Benefit and Compensation
Arrangements or (iv) cause any Seller Party or any of its Affiliates in respect of the
Transferred Employees to record additional compensation expense on its income statement with
respect to any outstanding stock option or other equity-based award.

     Section 4.9 Permits. Except as set forth on Section 4.9 of the Seller’s Disclosure
Schedules, (i) the Transferred Entities hold all Permits required in order to permit the
Transferred Entities to own or lease their properties and assets and to conduct the PCB Business
under and pursuant to all applicable Laws, in each case, other than any failure to hold any Permit
that would not, individually or in the aggregate, have a Material Adverse Effect; (ii) all such
Permits are valid and in full force and effect, except for those the failure of which to be valid
or to be in full force and effect would not, individually or in the aggregate, have a Material
Adverse Effect; and (iii) no violations with respect to such Permits have occurred that would,
individually or in the aggregate, have a Material Adverse Effect, and no Litigation is pending or,
to the Knowledge of the Seller Parties, threatened to suspend, cancel, modify, revoke or limit any
such Permits, which Litigation would, individually or in the aggregate, have a Material Adverse
Effect.

     Section 4.10 Environmental Matters. Except as set forth on Section 4.10 of the Seller’s
Disclosure Schedules, (i) the Transferred Entities are in compliance in all material respects with
all Environmental Laws applicable to the conduct and operation of their businesses or pertaining to
any properties or assets of the Transferred Entities (including any real property now or previously
owned by a Transferred Entity during the past five years from the date of this Agreement); (ii) the
Transferred Entities have not received any written notice, demand, letter, claim or request for
information alleging that they are materially in violation of or liable under any material
Environmental Law applicable to the conduct and operation of their businesses, or pertaining to any
properties or assets of the Transferred Entities and which remains outstanding; (iii) no
Transferred Entity is subject to any order, decree or injunction with any Government Entity
concerning liability under any Environmental Law that would, individually or in the aggregate, have
a Material Adverse Effect; and (iv) Seller has provided or made available to Buyer Ultimate Parent
all material environmental reports, assessments, investigations or other analyses in the possession
or control of any of the Seller Parties and prepared at any time since January 1, 2006 relating to
property now or previously owned or now leased in connection with the businesses of the Transferred
Entities.

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     Section 4.11 Intellectual Property.

     (a) The Transferred Entities either exclusively own free and clear of all Encumbrances,
other than Permitted Encumbrances, or have the sufficient and legally enforceable right pursuant
to written Contracts to use, all material Intellectual Property that is used in the conduct of
the PCB Business or by a Transferred Entity.

     (b) Section 4.11(b) of the Seller’s Disclosure Schedules includes a complete and accurate
list of all United States, foreign and multinational: (i) Patents and Patent applications; (ii)
Trademarks and Trademark applications; (iii) Internet domain names and (iv) Copyright
registrations and applications that are owned by one or more of the
Transferred Entities. Each application and registration set forth in Section 4.11(b) of
the Seller’s Disclosure Schedules is valid, subsisting and in full force and effect.

     (c) Section 4.11(c) of the Seller’s Disclosure Schedules includes a complete and accurate
list of all material licenses and other rights granted by any Person to a Transferred Entity
with respect to Intellectual Property (for this purpose, excluding so-called “off-the-shelf”
products and “shrink wrap” software licensed to a Transferred Entity in the ordinary course of
business and easily obtained without material expense) (collectively, “Seller Intellectual
Property Licenses”). The Seller Intellectual Property Licenses are granted to the
Transferred Entities pursuant to a valid written Contract that has not expired or in respect of
which no Transferred Entity has received or issued a written notice to terminate such license as
of the date of this Agreement.

     (d) The conduct of the businesses of the Transferred Entities does not materially infringe,
misappropriate, dilute or otherwise violate the Intellectual Property of any other Person or
constitute unfair competition or trade practices under the Laws of any jurisdiction that would,
individually or in the aggregate, have a Material Adverse Effect. None of the Seller parties or
any of the Transferred Entities has received any written (or, to the Knowledge of the Seller
Parties, oral) notice or claim asserting any of the foregoing. To the Knowledge of the Seller
Parties, none of the Intellectual Property owned or used by any of the Transferred Entities is
being infringed, misappropriated, diluted or otherwise violated by any other Person. None of
the Seller Parties or any of the Transferred Entities has entered into any Contract granting any
other Person the right to bring infringement actions with respect to, or otherwise to enforce
rights with respect to, any of the Intellectual Property owned by any of the Transferred
Entities.

     (e) The Transferred Entities have taken commercially reasonable steps to protect their
rights in the material Trade Secrets (excluding any information that any Transferred Entity, in
the exercise of its business judgment, determined was of insufficient value to protect as a
Trade Secret) owned by any of them, including executing written non-disclosure agreements with
employees, independent contractors and other third parties with access thereto. To the
Knowledge of Seller, (i) such trade secrets have not been used or disclosed by any Person except
pursuant to valid and appropriate non-disclosure and/or license agreements that obligate such
Person to keep such Trade Secrets confidential and (ii) no third party to any non-disclosure
agreement with any Transferred Entity is in breach, violation or default thereof.

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     (f) Except as set forth in Section 4.11(f) of the Seller’s Disclosure Schedules, none of
the Seller Parties nor any of the Transferred Entities has conveyed, pledged or otherwise
transferred ownership of, or granted or agreed to grant any exclusive license of or right to
use, or granted joint ownership of, any Intellectual Property owned by any of the Transferred
Entities to any other Person. None of the Intellectual Property owned by any of the Transferred
Entities is subject to any proceeding or any outstanding decree, order or judgment that
restricts in any material respect the relevant Transferred Entity’s use, transfer or licensing
of such Intellectual Property.

     (g) The Transferred Entities use commercially reasonable efforts to protect, in all
material respects, (i) personally identifiable information provided by their employees and
customers from unauthorized disclosure or use and (ii) the security of their information
technology systems, and none of the Transferred Entities has received any written claim pending
against them alleging any material breach, violation, misuse or unauthorized disclosure of any
of the foregoing. The Transferred Entities have not experienced, within the past twenty-four
months, any data loss, breach of security, or other unauthorized access, in any such case,
material to the PCB Business, taken as a whole, to its information technology systems or
databases by any Person.

     (h) From and after the Closing, the Transferred Entities will own or have the right to use
pursuant to written Contracts, or as otherwise provided pursuant to this Agreement or any
Ancillary Agreement, all Intellectual Property necessary to conduct the PCB Business as
conducted on the date of this Agreement and immediately prior to the Closing.

     Section 4.12 Labor.

     (a) Except as disclosed in this Section 4.12(a) of the Seller’s Disclosure Schedules, none
of the Transferred Entities is a party to or bound by any labor agreement, union contract or
collective bargaining agreement, and there are no labor unions or other organizations
representing any Employee, works councils or employee representative bodies within the
Transferred Entities or affecting the Transferred Employees, other than omnibus agreements
covering substantially all Employees in a foreign jurisdiction pursuant to the Laws or customary
practice of that jurisdiction respecting employees. Each Transferred Entity which employs any
Employee and each Seller Party and any other Affiliate of a Seller Party (solely in respect of
the Transferred Employees) is or has been in compliance with all applicable Laws in respect of
employment and employment practices including, without limitation, all Laws in respect of terms
and conditions of employment, health and safety, employee independent contractor
classifications, wages and hours of work (e.g. overtime compensation and minimum wages), child
labor, immigration, employment discrimination, disability rights or benefits, equal opportunity,
plant closures and layoffs, affirmative action, workers’ compensation, labor relations, employee
leave issues, unemployment insurance, union or workers’ activity funding, housing and housing
funds, medical insurance, work-related injury and sickness insurance, maternity insurance and
retirement pensions, unemployment insurance and the collection and payment of withholding or
social security Taxes and any similar Tax, except in any such case which does not have a
Material Adverse Effect. Since January 1, 2008, there has not been, and there is not now pending
or, to the Knowledge of the Seller Parties, threatened (a) any material strike, lockout,
slowdown,

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picketing or work stoppage with respect to the Employees or (b) any unfair labor
practice charge against the Transferred Entities, in the case of (b), that in any such case does
not have a Material Adverse Effect.

     (b) Each person who primarily provides services to a Transferred Entity is an Employee.
Section 4.12(b) of Seller’s Disclosure Schedules lists or describes (i) each Contract, and each
outsourcing, agency or other arrangement (whether with third parties or
with any Seller Party or any Affiliate of a Seller Party and whether formal or informal),
pertaining to the provision of the services of employees (whether on a full time or part time
basis) to any Transferred Entity, and (ii) each person who is employed by a Seller Party or an
Affiliate of a Seller Party (other than a Transferred Entity) who primarily provides services to
a Transferred Entity (each such person, unless otherwise noted in Section 4.12(b) of Seller’s
Disclosure Schedules, a “Transferred Employee”).

     Section 4.13 Contracts.

     (a) Other than (A) Contracts entered into with customers or suppliers in the ordinary
course of business, (B) Surviving PCB Affiliate Arrangements, (C) Contracts that will be
terminated at or prior to the Closing, (D) Contracts relating to lending facilities from banks,
in the aggregate amount of approximately $437,500,000, which Contracts will be repaid with the
proceeds from the Credit Agreement upon drawdown thereunder, and (E) those Contracts set out in
the list contained in Section 4.13(a) of the Seller’s Disclosure Schedules, which are in effect
as of the date of this Agreement (the “Specified Contracts”), no Transferred Entity is
bound or subject to:

               (i) any Contract, other than a Benefit and Compensation Arrangement, that is reasonably
expected to provide for payments to, or provide for payments from, a Transferred Entity in excess
of $10,000,000;

               (ii) any Contract prohibiting or materially restricting the ability of any Transferred Entity
to conduct its business, to engage in any business or operate in any geographical area or to
compete with any Person;

               (iii) any Contract for any joint venture, strategic alliance, partnership or similar
arrangement involving a sharing of profits or expenses or payments based on revenues, profits, or
assets under management of any Affiliate of the Seller Parties that is reasonably expected to
account for revenue to the PCB Business in excess of $10,000,000 on an annual (or annualized) basis
or that would reasonably be expected to be material to the Transferred Entities, taken as a whole;

               (iv) any Contract relating to any Indebtedness of a Transferred Entity in an amount in excess
of $10,000,000, other than: (A) any Indebtedness solely between Transferred Entities; or (B) any
Indebtedness for which no Transferred Entity will be liable following the Closing;

               (v) any Contract under which (A) any Person has directly or indirectly guaranteed or assumed
Indebtedness, liabilities or obligations of any Transferred Entity in respect

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of the PCB Business
that would reasonably be expected to be material to the Transferred Entities, taken as a whole, or
(B) a Transferred Entity has directly or indirectly guaranteed or otherwise agreed to be
responsible for Indebtedness or liabilities of any Person (other than any Transferred Entity) in
each case in excess of $10,000,000;

               (vi) any Contract that provides for earn-outs or other similar contingent obligations that
would reasonably be expected to result in annual payments of $10,000,000 or more;

               (vii) any Contract entered into since January 1, 2007 for the acquisition or disposition of a
Person or a division of a Person, or the acquisition or sale of any assets comprising a business or
going concern; and

               (viii) any PCB Affiliate Arrangement that will be in effect immediately after the Closing.

     (b) Seller has made available to Buyer Ultimate Parent prior to the date of this Agreement
a complete and correct copy of each written Specified Contract and accurate and complete
descriptions of all material terms of each oral Specified Contract, including all material
amendments, modifications and supplements thereto as in effect on the date of this Agreement.
Each Specified Contract is in full force and effect, and (assuming it is valid and binding on
the other parties thereto) is valid and binding on the Transferred Entity that is a party
thereto, and, to the Knowledge of the Seller Parties, on each other party thereto. There exists
no breach or default of any Specified Contract on the part of any Transferred Entity which (with
or without notice or lapse of time or both) would, individually or in the aggregate, have a
Material Adverse Effect. No Transferred Entity has received any written notice of an intention
to terminate, not to renew or to challenge the validity or enforceability of any Specified
Contract, the termination, failure to renew or challenge of which would, individually or in the
aggregate, have a Material Adverse Effect.

     Section 4.14 Absence of Changes. During the period between the date of the last balance
sheet included in the Latest Transferred Entities Financial Statements and the date of this
Agreement, except as set forth on Section 4.14 of the Seller’s Disclosure Schedules and except for
any actions taken in connection with any transactions contemplated by this Agreement or any
Ancillary Agreement, (a) each Transferred Entity has conducted its business in the ordinary course
consistent with past practices of such Transferred Entity, and (b) no Transferred Entity has and,
in connection with the PCB Business, no Seller Party has taken any action that would be prohibited
by the terms of Section 6.2(A) through (K), had such terms been applicable during such period.
During the period between the date of the Latest Transferred Entities Balance Sheet and the date of
this Agreement, there has not occurred a Material Adverse Effect.

     Section 4.15 Absence of Undisclosed Liabilities. Other than with respect to Taxes (which is
covered by Section 4.7 of this Agreement) and except as set forth on Section 4.15 of the Seller’s
Disclosure Schedules, neither the PCB Business, nor any Transferred Entity is subject to any
liabilities (whether known, absolute, accrued, contingent or otherwise) except for (a) liabilities
to the extent disclosed or reserved against in the Latest Transferred Entities Financial
Statements, (b) liabilities which were incurred by any of the Transferred Entities as a result of
this

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Agreement or any Ancillary Agreement and (c) liabilities that are incurred since the date of
the Latest Transferred Entities Balance Sheet and are consistent in nature, type and amount with
any such liabilities regularly incurred in the ordinary course of business consistent with past
practice of the Transferred Entities, to the Knowledge of the Seller Parties, the
Transferred Entities do not have any liabilities outside the ordinary course of business which
would, individually or in the aggregate, have a Material Adverse Effect.

     Section 4.16 Real Property.

     (a) Section 4.16(a) of the Seller’s Disclosure Schedules sets forth a list of all owned real
properties that are material to any Transferred Entity (“Owned Real Properties”). The
applicable Transferred Entity has good and valid title to each Owned Real Property, free and clear
of any mortgages, liens, pledges, charges and encumbrances of any nature whatsoever, with such
exceptions that (i) are Permitted Encumbrances, (ii) are not material and do not interfere with the
use made of such real property by the applicable Transferred Entity, or (iii) would not result in a
Material Adverse Effect. None of the Transferred Entities or Seller Parties has received any
written notice regarding, and, to the Knowledge of the Seller Parties, there has not been
threatened any pending condemnation, eminent domain, compulsory relocation or similar proceeding
with respect to all or a portion of any Owned Real Property.

     (b) Section 4.16(b) of the Seller’s Disclosure Schedules sets forth a list of all leased,
subleased or licensed real properties that are material to any Transferred Entity (“Material
Leases”). Each parcel of real property in which any Transferred Entity has an interest
(including lease, sublease, license, or occupation) is held under a valid, subsisting and
enforceable lease, sublease, license, land use certificate, or other Contract, as applicable, by
the applicable Transferred Entity or Seller Party with such exceptions that are (i) Permitted
Encumbrances, (ii) not material and do not interfere with the use made of such real property by the
applicable Transferred Entity, or (iii) would not result in a Material Adverse Effect. True and
correct copies of Material Leases have been delivered or made available to Buyer Ultimate Parent,
together with any amendments, modifications or supplements thereto. Except as provided in Section
4.16(b) of the Seller’s Disclosure Schedules, consummation of the transactions contemplated by this
Agreement will not result in a breach of, or default under, any Material Lease, and will not result
in the payment by any Transferred Entity to any lessor or other third party of any material change
in control or other similar fees. None of the Seller Parties or any of its Affiliates has received
any written communication from the landlord or lessor under any of the Material Leases claiming
that it is in breach of its obligations under such leases, except for written communications
claiming breaches that, individually or in the aggregate, would not have a Material Adverse Effect.
None of the Transferred Entities or Seller Parties has received any written notice regarding, and,
to the Knowledge of the Seller Parties, there has not been threatened any pending condemnation,
eminent domain, compulsory relocation or similar proceeding with respect to all or a portion of any
real property leased, subleased, licensed or otherwise occupied by any Transferred Entity.

     (c) The Owned Real Properties and the Material Leases constitute all material real properties
owned, leased, subleased, licensed or otherwise used in the operation of the PCB Business. Such
assets constitute all material real properties which are necessary for conducting the PCB Business
as now conducted.

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     Section 4.17 Entire and Sole Business; Sufficiency of Assets. Except as specifically
disclosed in Section 4.17 of the Seller’s Disclosure Schedules, the PCB Business is conducted by or
through the Transferred Entities in all material respects and neither Seller nor its Subsidiaries
have any interest of any kind in any business similar to or competing with the PCB Business, other
than their interest in the Transferred Entities. Except as specifically disclosed in Section 4.17
of the Seller’s Disclosure Schedules, the Transferred Entities do not own any material assets,
properties and rights other than those used in connection with the conduct of the PCB Business.
Immediately after the Closing, the Transferred Entities will own or have the right to use pursuant
to written Contracts, or as otherwise provided pursuant to this Agreement or any Ancillary
Agreement, all material assets, properties and rights necessary to conduct the PCB Business as
conducted on the date of this Agreement and immediately prior to the Closing. All material
tangible assets and properties owned by the Transferred Entities, or which the Transferred Entities
have the right to use pursuant to written Contracts, are in good operating condition and repair,
subject to ordinary wear and tear and normal industry practice with respect to maintenance, and are
usable in the ordinary course of business and are in conformity with all applicable Laws (including
Environmental Laws) relating to their construction, use and operation, except in any such case
which has not had or would not have a Material Adverse Effect.

     Section 4.18 Compliance With Laws. Except as set forth on Section 4.18 of the Seller’s
Disclosure Schedules:

     (a) Except with respect to Taxes (which is specifically provided for in Section 4.7 and
Section 6.5), since December 31, 2005, each Transferred Entity has complied in all material
respects with, is in compliance in all material respects with and has operated and maintained
its businesses in compliance with, in each case in all material respects, all material
applicable Laws. No investigation by any Government Entity with respect to any Transferred
Entity is pending or, to the Knowledge of the Seller Parties, threatened, and no Government
Entity has notified any Seller Party or any Transferred Entity in writing or, to the Knowledge
of the Seller Parties, orally of its intention to conduct the same.

     (b) Except as not prohibited under applicable Law, since December 31, 2005, no Transferred
Entity has offered or given anything of value to any official of a Government Entity, any
political party or official thereof, or any candidate for political office (i) with the intent
of inducing such Person to use such Person’s influence with any Government Entity to affect or
influence any act or decision of such Government Entity or to assist the obtaining or retaining
of business for, or with, or the directing of business to, any Transferred Entity, or (ii)
constituting a bribe, kickback or illegal or improper payment to assist any Transferred Entity
in obtaining or retaining business for or with any Government Entity.

     (c) Each of Seller Parent, Seller and the Transferred Entities has filed all material
registrations, reports, statements of additional information, financial statements, statements,
notices and other material filings required to be filed by it with any Government Entity,
including all material amendments or supplements to any of the above for the past three years,
in each case to the extent related to the PCB Business, except to the extent the failure to file
would not, individually or in the aggregate, have a Material Adverse Effect.

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     Section 4.19 Insurance. The Transferred Entities maintain, or Seller Parent, Seller or one
of their Affiliates maintains on behalf of the Transferred Entities, such worker’s compensation,
comprehensive property and casualty, liability, errors and omissions, directors’ and officers’,
fidelity and other insurance as they may be required to maintain under applicable Laws. The
Transferred Entities have complied in all material respects with the terms and provisions of such
policies and bonds. The Transferred Entities are insured against such losses and risks and in such
amounts as are customary in the businesses in which they are engaged in the jurisdictions in which
they are so engaged.

     Section 4.20 Board and Shareholder Approval. The board of directors of Seller Parent,
at a meeting duly called and held, and not subsequently rescinded or modified in any way, has duly
adopted resolutions in accordance with Seller Parent’s memorandum and articles of association, the
applicable listing and corporate governance rules and regulations of the Hong Kong Exchange and all
other applicable Laws (including, without limitation, the Hong Kong Merger Regulation and the
Companies Law (2009 Revision) of the Cayman Islands) approving this Agreement and the transactions
contemplated by this Agreement. A copy of such resolutions has been provided by Seller Parent to
the Hong Kong Exchange. The Seller Parent Requisite Vote is the only approval of the shareholders
of Seller Parent necessary to approve this Agreement and the transactions contemplated hereby. The
board of directors of Seller, at a meeting duly called and held, and not subsequently rescinded or
modified in any way, has duly adopted resolutions approving this Agreement and the transactions
contemplated by this Agreement. Seller has received the approval by way of written resolution of
Seller Parent, as the sole shareholder of Seller, approving this Agreement and the transactions
contemplated hereby, which constitutes the requisite shareholder approval under applicable Law and
is the only approval of the sole shareholder of Seller necessary to approve this Agreement and the
transactions contemplated hereby.

     Section 4.21 Finders’ Fees. Except for fees that may be paid to Merrill Lynch (Asia
Pacific) Limited or its Affiliates, there is no investment banker, broker, finder or other
intermediary that has been retained by or is authorized to act on behalf of any Transferred Entity
who would be entitled to any fee or commission from any Transferred Entity in connection with this
Agreement, any of the Ancillary Agreements, or the transactions contemplated hereunder and
thereunder.

     Section 4.22 Affiliate Arrangements.

     (a) Except for Surviving PCB Affiliate Arrangements and as set forth in Section 4.22(a)(i) of
the Seller’s Disclosure Schedules, other than ordinary course Contracts, liabilities or obligations
that will not survive the Closing or Contracts that by their terms are terminable by either party
thereby without penalty upon notice of 60 days or less, there is no material Contract between a
Transferred Entity, on the one hand, and any Seller Party or any of its Affiliates (other than a
Transferred Entity), including, without limitation, any Non-Transferred Entity, on the other hand
that will remain in effect following the Closing (any such Contract, liability or obligation, a
“PCB Affiliate Arrangement”). Section 4.22(a)(ii) of the Seller’s Disclosure Schedules
sets forth a list and brief description of all Surviving PCB Affiliate Arrangements.

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     (b) To the Knowledge of the Seller Parties, as of the date hereof, no director or officer
of any Transferred Entity: (i) owns, directly or indirectly (other than through an investment in
Seller Parent or any public company), any economic or ownership interest in
any property or asset, real or personal, tangible or intangible, used in or held for use in
connection with the PCB Business or (ii) has received any loans from or is otherwise a debtor
of, or made any loans to or is otherwise a creditor of, any Transferred Entity, in each case of
(i) and (ii), which could reasonably be expected to impair such Person’s independent judgment.

     Section 4.23 Customers and Suppliers. Section 4.23 of the Seller’s Disclosure
Schedules sets forth a complete and accurate list of the names of (i) the twenty third-party
customers of the Transferred Entities and the PCB Business from whom the Transferred Entities
received the highest aggregate amounts for products and services provided during the twelve-month
period ended September 30, 2009; and (ii) the twenty third-party suppliers to whom the Transferred
Entities paid the highest aggregate amounts for supplies, merchandise and other goods during the
twelve-month period ended September 30, 2009. Since September 30, 2009, to Seller Parties’
Knowledge, there has been no significant adverse change in the business relationship of the
Transferred Entities any customer or supplier named in Section 4.23 of the Seller’s Disclosure
Schedules. None of the Seller Parties has received any communication from any customer or supplier
named in Section 4.23 of the Seller’s Disclosure Schedules of any intention to terminate or
materially reduce purchases from, supplies to or its relationship with the Transferred Entities.

     Section 4.24 No Other Representations or Warranties. Except for the representations
and warranties expressly contained in this Agreement (as qualified and supplemented by the Seller’s
Disclosure Schedules) and the Ancillary Agreements (including any certificates or other instruments
delivered in connection with this Agreement and the Ancillary Agreements), none of the Seller
Parties nor any other Person makes any other express or implied representation or warranty on
behalf of any of the Seller Parties relating to the Transferred Entities or the PCB Business. EACH
OF THE BUYER PARTIES ACKNOWLEDGES AND AGREES THAT, EXCEPT IN THE CASE OF FRAUD, THE SELLER PARTIES
AND THEIR AFFILIATES WILL NOT HAVE OR BE SUBJECT TO ANY LIABILITY OR INDEMNIFICATION OBLIGATION TO
THE BUYER PARTIES OR ANY OF THEIR AFFILIATES OR ANY OTHER PERSON RESULTING FROM THE MAKING
AVAILABLE OR FAILING TO MAKE AVAILABLE TO THE BUYER PARTIES OR ANY OF THEIR AFFILIATES, OR ANY USE
BY THE BUYER PARTIES OR ANY OF THEIR AFFILIATES OF, ANY INFORMATION, INCLUDING ANY INFORMATION,
DOCUMENTS, PROJECTIONS, FORECASTS OR OTHER MATERIAL MADE AVAILABLE TO THE BUYER PARTIES OR ANY OF
THEIR AFFILIATES IN CERTAIN “DATA ROOMS” OR MANAGEMENT PRESENTATIONS IN EXPECTATION OF THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, EXCEPT TO THE EXTENT ANY SUCH INFORMATION IS EXPRESSLY
INCLUDED IN A REPRESENTATION OR WARRANTY CONTAINED IN THIS AGREEMENT (AS QUALIFIED OR SUPPLEMENTED
BY THE SELLER’S DISCLOSURE SCHEDULES) OR ANY ANCILLARY AGREEMENT (INCLUDING ANY CERTIFICATES OR
OTHER INSTRUMENTS DELIVERED IN CONNECTION WITH THIS AGREEMENT AND THE ANCILLARY AGREEMENTS).

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ARTICLE V

REPRESENTATIONS AND WARRANTIES RELATING TO BUYER PARTIES

          Except as set forth in the Buyer’s Disclosure Schedules or in the Buyer Ultimate Parent SEC
Reports, each of the Buyer Parties, jointly and severally, represents and warrants to the Seller
Parties, as follows:

     Section 5.1 Organization and Qualification. Each of Buyer Ultimate Parent and its
Controlled Affiliates is as of the date of this Agreement, and each of them will be as of the
Closing, a corporation duly organized, validly existing and, to the extent such concept is
applicable under any applicable local Law in good standing under the Laws of its jurisdiction of
organization. Buyer is a direct, wholly owned Subsidiary of Buyer Parent, and Buyer Parent is a
direct, wholly owned Subsidiary of Buyer Ultimate Parent. Each of Buyer Ultimate Parent, and its
Controlled Affiliates has all requisite corporate or other similar power and authority to own,
lease and operate all of its properties and assets and to carry on its business in all material
respects as conducted, owned, leased or operated as of the date of this Agreement. Each of Buyer
Ultimate Parent and its Controlled Affiliate is as of the date of this Agreement, and each of them
will be as of the Closing, duly qualified to do business in each jurisdiction where the ownership
or operation of its properties and assets or the conduct of its business requires the Buyer
Ultimate Parent or such Controlled Affiliate, as applicable, to be so qualified, except for any
failure to be so qualified that would not, individually or in the aggregate, have a Buyer Material
Adverse Effect. Buyer was formed solely for the purpose of engaging in the transactions
contemplated by this Agreement and has engaged in no business activities and has no assets,
liabilities or obligations of any nature other than in connection with the transactions
contemplated by this Agreement. Buyer Ultimate Parent has made available to Seller Parent, prior to
the date of this Agreement, complete and correct copies of the Organizational Documents of each of
the Buyer Ultimate Parent and its Controlled Affiliates, in each case, as in effect on the date of
this Agreement. Except as may be required by CFIUS or DSS or this Agreement, each Organizational
Document of each of Buyer Ultimate Parent and its Controlled Affiliates is as of the date of this
Agreement and will be as of the Closing in full force and effect and there has been, or will be, no
material violation thereof.

     Section 5.2 Capitalization.

     (a) The authorized capital stock of Buyer Ultimate Parent, as of the date of this Agreement
and the date of the Closing, is (a) 100,000,000 shares of Buyer Ultimate Parent Common Stock, of
which as of October 30, 2009, 43,170,990 were issued and were outstanding, and none were held in
treasury, and (b) 15,000,000 shares of Buyer Ultimate Parent preferred stock, of which as of
October 30, 2009, none were issued and outstanding.

     (b) The authorized Capital Stock of Buyer Parent, as of the date of this Agreement and the
date of the Closing, is 100 shares of Buyer Parent common stock, of which as of the date of this
Agreement and the date of the Closing, 100 are issued and outstanding, all of which are held by
Buyer Ultimate Parent. The authorized Capital Stock of Buyer, as of the date of this Agreement
and the date of the Closing, is 10,000 shares of Buyer common stock, of which as of the date of
this Agreement and the date of the Closing, 1 share is issued and outstanding and held by Buyer
Parent. From October 30, 2009 through the date

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of this Agreement and the date of the Closing, Buyer Ultimate Parent has not issued any shares
of Capital Stock except pursuant to any exercises or conversions of any Equity Rights in
existence on October 30, 2009. As of the date of this Agreement and as of the date of the
Closing, all of the issued and outstanding Capital Stock of the Buyer Parties has been duly
authorized and are or will have been (as applicable) validly issued, fully paid and
non-assessable and not issued in violation of any Equity Rights.

     (c) Section 5.2(c) of the Buyer’s Disclosure Schedules sets forth the number of Buyer
Ultimate Parent Common Stock reserved for issuance under any Buyer Benefit and Compensation
Arrangements, together with the total number of Equity Rights issued and outstanding under any
Buyer Benefit and Compensation Arrangements, and a summary of the terms of vesting and average
volume weighted exercise price, and how vesting of such Equity Rights may be accelerated or
otherwise affected by the transactions contemplated by this Agreement or any of the Ancillary
Agreements or by the termination of employment or engagement or change in position of any holder
thereof. Except for the issuance of Equity Consideration pursuant hereto and except as set
forth on Section 5.2(c) of the Buyer’s Disclosure Schedules, as of the date of this Agreement
and as of the Closing, there are no Equity Rights (i) under which any of Buyer Ultimate Parent
and its Controlled Affiliates is or may become obligated to issue, deliver, redeem, purchase or
sell, or caused to be issued, delivered, redeemed, purchased or sold, or in any way dispose of,
any Capital Stock, or any securities or obligations that are exercisable or exchangeable for, or
convertible into, any Capital Stock, or any other Equity Rights, of any of Buyer Ultimate Parent
or any of its Controlled Affiliates, and no securities or obligations evidencing such rights are
authorized, issued or outstanding, (ii) giving any Person a right to subscribe for or acquire
any Capital Stock in any of Buyer Ultimate Parent or its Controlled Affiliates or (iii)
obligating any of Buyer Ultimate Parent or its Controlled Affiliates to issue, grant, adopt or
enter into any such Equity Right in respect of any of Buyer Ultimate Parent or its Controlled
Affiliate.

     (d) As of the date of this Agreement and as of the Closing, except for this Agreement and
the Ancillary Agreements, and except as set forth in Section 5.2(d) of the Buyer’s Disclosure
Schedules, none of the Buyer Parties has any (x) outstanding Indebtedness that could convey to
any Person the right to vote, or that is convertible into or exercisable for Capital Stock of
any of Buyer Ultimate Parent or its Controlled Affiliates or (y) Equity Rights that entitle or
convey to any Person the right to vote with the holder of Capital Stock of any of Buyer Ultimate
Parent or its Controlled Affiliates on any matter with respect to such Capital Stock. As of the
date of this Agreement and as of the Closing, except for this Agreement and the Ancillary
Agreements, the issued and outstanding Capital Stock of any of Buyer Ultimate Parent or its
Controlled Affiliates are not subject to any voting trust agreement or other Contract
restricting or otherwise relating to the voting, dividend rights or disposition of such Capital
Stock. As of the date of this Agreement and as of the Closing, except for this Agreement and the
Ancillary Agreements, and except as set forth in Section 5.2(d) of the Buyer’s Disclosure
Schedules, there are no issued and outstanding or authorized phantom stock, profit participation
or similar rights providing economic benefits based, directly or indirectly, on the value or
price of the Capital Stock of any of Buyer Ultimate Parent or its Controlled Affiliates.

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     Section 5.3 Corporate Authorization.

     (a) Each of the Buyer Parties has full corporate power and authority to execute and deliver
this Agreement and each of the Ancillary Agreements to which it is a party and, subject only to
the prior approval by the holders of Buyer Ultimate Parent Common Stock of the Share Issuance
under the applicable rules and regulations of NASDAQ and all applicable Laws, to perform its
obligations hereunder and thereunder and to consummate the transactions contemplated hereunder
and thereunder. The execution, delivery and performance by each of Buyer Parties of this
Agreement and each of the Ancillary Agreements to which it is a party, and each of the
transactions contemplated hereunder or thereunder, have been duly and validly authorized, and,
except for the prior approval by the holders of Buyer Ultimate Parent Common Stock of the Share
Issuance under the applicable rules and regulations of NASDAQ, no additional corporate or
shareholder authorization or consent is required in connection with the execution, delivery and
performance by any of the Buyer Parties of this Agreement and each of the Ancillary Agreements
to which it is a party or any of the transactions contemplated hereunder or thereunder.

     (b) The board of directors of Buyer Ultimate Parent, at a meeting duly called and held, has
(i) determined that this Agreement, the Ancillary Agreements and the Purchase are advisable,
fair to, and in the best interests of Buyer Ultimate Parent and its shareholders, (ii) duly and
validly approved and taken all corporate action required to be taken by the board of directors
to authorize the consummation of the transactions contemplated by this Agreement and the
Ancillary Agreements and (iii) recommended that the holders of Buyer Ultimate Parent Common
Stock approve the Share Issuance, and none of the aforesaid actions by such board of directors
has been amended, rescinded or modified. The affirmative vote of a majority of the total votes
cast on the proposal to approve the Share Issuance at the Buyer Ultimate Parent Special Meeting
(the “Buyer Ultimate Parent Requisite Vote”) is the only approval of the shareholders of
Buyer Ultimate Parent necessary to approve the Share Issuance contemplated by this Agreement.

     Section 5.4 Consents and Approvals. Other than in connection with (a) the HSR Act, the
Anti-monopoly Law of the PRC and the regulations promulgated thereunder, the Hong Kong Merger
Regulation (to the extent required) or any other Antitrust Laws, (b) CFIUS pursuant to Section 721
of the DPA, (c) DSS pursuant to the NISPOM, (d) (i) the filing with the SEC of the Proxy Statement
in definitive form under the Exchange Act, (ii) the filing with the SEC, and declaration of
effectiveness under the Securities Act, of the registration statement on Form S-4 in connection
with the Share Issuance, in which the Proxy Statement will be included as a prospectus (the “Form
S-4”), and (iii) the filing with the SEC of such reports under, and such other compliance with, the
Exchange Act and the Securities Act as may be required in connection with this Agreement, the
Ancillary Agreements and the transactions contemplated hereby and thereby and (e) the submission
and approval of the announcements as may be required to be issued under the Hong Kong Listing Rules
and the Hong Kong Merger Regulation and the Circular to the Hong Kong Exchange and the Hong Kong
Executive for approval by the Hong Kong Exchange and the Hong Kong Executive respectfully (the
matters covered under (a) through (e) above, collectively, the “Buyer’s Required
Approvals”), no Buyer Party is required to obtain any authorization, waiver, consent or
approval of, or make any filing or registration

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with, or give any notice to, any Government Entity or to obtain any Permit in connection with the
execution, delivery and performance by any of the Buyer Parties of this Agreement or each of the
Ancillary Agreements to which it is a party or any of the transactions contemplated hereunder or
thereunder, other than any authorization, waiver, consent, approval, filing, registration, notice
or Permit, the failure of which to obtain, make or give would not, individually or in the
aggregate, have a Buyer Material Adverse Effect.

     Section 5.5 Non-Contravention. The execution, delivery and performance by each of the
Buyer Parties of this Agreement and each of the Ancillary Agreements to which it is a party, and
the consummation by the Buyer Parties of the transactions contemplated hereunder and thereunder, do
not and will not, with or without the giving of notice, the lapse of time or both, (i) conflict
with or violate any provision of the Organizational Documents of any of Buyer Ultimate Parent or
any of its Controlled Affiliates, (ii) assuming the receipt of all consents, approvals, waivers and
authorizations and the making of the notices and filings (A) referred to in Section 5.4, conflict
with, or result in the breach of, or constitute a default under, or result in the termination,
Encumbrance, vesting, cancellation, modification or acceleration of any right or obligation of any
of Buyer Ultimate Parent or any of its Controlled Affiliates under, or result in a loss of any
benefit to which any of Buyer Ultimate Parent or any of its Controlled Affiliates is entitled
under, any Contract, Buyer Benefit and Compensation Arrangement or other agreement or instrument
binding upon any of Buyer Ultimate Parent or any of its Controlled Affiliates or to which any of
their property is subject, or result in any penalty or other payment by any of them, or (iii)
assuming the receipt of all consents, approvals, waivers and authorizations and the making of
notices and filings (A) referred to in Section 5.4 or (B) required to be received or made by any of
the Transferred Entities or the Seller Parties, violate or result in a breach of or constitute a
default under any Law to which any of Buyer Ultimate Parent or any of its Controlled Affiliates is
subject or under any Permit of any of Buyer Ultimate Parent or any of its Controlled Affiliates,
other than, in the case of clauses (ii) and (iii), any conflict, breach, default, termination,
Encumbrance, vesting, cancellation, modification, acceleration or loss that would not, individually
or in the aggregate, have a Buyer Material Adverse Effect.

     Section 5.6 Binding Effect. Each of the Buyer Parties has duly executed and delivered
this Agreement and prior to the Closing will have duly executed and delivered each Ancillary
Agreement to which it is, or is specified to be, a party. This Agreement, when duly and validly
executed and delivered by the Seller Parties, and each of the Ancillary Agreements to which any of
the Buyer Parties is a party, when duly and validly executed and delivered by the applicable
counterparties thereto, will constitute a valid and legally binding obligation of the applicable
Buyer Party, enforceable against such Buyer Party in accordance with its terms, subject to
bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general
applicability relating to or affecting creditors’ rights and to general equity principles.

     Section 5.7 Equity Consideration. The Equity Consideration has been duly and validly
authorized, and, when issued to Seller pursuant to this Agreement, shall be validly issued, fully
paid, non-assessable and free and clear of any Encumbrance (other than restrictions on transfer
which arise under applicable securities Laws and other than those arising under the Shareholders
Agreement) and shall not have been issued in violation of any Equity Rights. Except for the

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Ancillary Agreements, there are no, and as of the Closing will not be any, Equity Rights applicable
to the Equity Consideration.

     Section 5.8 SEC Matters. 

     (a) Buyer Ultimate Parent has filed or furnished, as applicable, on a timely basis with the
SEC, all Buyer Ultimate Parent SEC Reports. Each of the Buyer Ultimate Parent SEC Reports, at
the time of its filing or being furnished or submitted complied in all material respects with
Buyer Ultimate Parent’s Organizational Documents, the applicable listing and governance rules
and regulations of NASDAQ and all other applicable Laws (including the applicable requirements
of the Securities Act, the Exchange Act and the Sarbanes-Oxley Act of 2002, and any rules and
regulations promulgated thereunder applicable to the Buyer Ultimate Parent SEC Reports). As of
their respective dates (or, if amended prior to the date of this Agreement, as of the date of
such amendment) the Buyer Ultimate Parent SEC Reports did not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to
make the statements made therein, in light of the circumstances in which they were made, not
misleading.

     (b) Buyer Ultimate Parent is in compliance in all material respects with its Organizational
Documents, the applicable listing and corporate governance rules and regulations of NASDAQ, and
all other applicable Laws (including the applicable requirements of the Securities Act, the
Exchange Act and the Sarbanes-Oxley Act of 2002, and any rules and regulations promulgated
thereunder).

     (c) Buyer Ultimate Parent has established and maintained disclosure controls and procedures
required by Exchange Act Rules 13a-14 and 15d-14. Such disclosure controls and procedures are
adequate and effective to ensure that information required to be disclosed by Buyer Ultimate
Parent, including information relating to its consolidated Affiliates, is recorded and reported
on a timely basis to its chief executive officer and chief financial officer by others within
those entities. The Buyer Ultimate Parent maintains in all material respects internal control
over financial reporting to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with
GAAP.

     (d) Each of the consolidated financial statements of Buyer Ultimate Parent and its
Subsidiaries contained in the Buyer Ultimate Parent SEC Reports (the “Buyer Ultimate Parent
Financial Statements”), together with related schedules and notes, have been derived from
the accounting books and records of Buyer Ultimate Parent and its Subsidiaries and present
fairly in all material respects the financial position of Buyer Ultimate Parent and its
consolidated Subsidiaries at the dates indicated and the statement of operations and
stockholders’ equity and cash flows of Buyer Ultimate Parent and its consolidated Subsidiaries
for the periods specified, and said financials have been prepared in accordance with GAAP
applied on a consistent basis throughout the periods involved, except as disclosed therein.

     (e) The books and records of Buyer Ultimate Parent and its Subsidiaries have been
maintained in all material respects in accordance with reasonable business practices.

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     Section 5.9 Absence of Undisclosed Liabilities. Other than with respect to Taxes
(which is covered by Section 5.23 of this Agreement), and except for (a) liabilities to the extent
disclosed or reserved against on the last balance sheet included in the Buyer Ultimate Parent
Financial Statements (the “Buyer Ultimate Parent Balance Sheet”), (b) liabilities which
were incurred by any of the Buyer Parties as a result of this Agreement or any Ancillary Agreement
and (c) liabilities that are incurred since the last balance sheet date included in the Buyer
Ultimate Parent Balance Sheet and are consistent in nature, type and amount with any such
liabilities regularly incurred in the ordinary course of business consistent with past practice of
the Buyer Ultimate Parent, to the Knowledge of the Buyer Parties, Buyer Ultimate Parent and its
Controlled Affiliates do not have any liabilities outside the ordinary course of business which
would, individually or in the aggregate, have a Buyer Material Adverse Effect.

     Section 5.10 Absence of Certain Changes. During the period between the date of the
Buyer Ultimate Parent Balance Sheet and the date of this Agreement, except as set forth on Section
5.10 of the Buyer’s Disclosure Schedules and except for any actions taken in connection with any
transactions contemplated by this Agreement or any Ancillary Agreement, each of Buyer Ultimate
Parent and its Controlled Affiliates (a) has conducted its business in the ordinary course
consistent with past practice and (b) has not taken any action that would be prohibited by the
terms of Section 6.3 (A) through (K), had such terms been applicable during such period. During the
period between the date of the Buyer Ultimate Parent Balance Sheet and the date of this Agreement,
there has not occurred a Buyer Material Adverse Effect.

     Section 5.11 Financial Capability. Buyer Ultimate Parent has, or will have at the
Closing, funds sufficient to pay the Cash Purchase Price and to pay all fees and expenses required
to be paid by the Buyer Parties pursuant to this Agreement.

     Section 5.12 Investment Purpose. Buyer is acquiring all of the Transferred Equity
Interests solely for the purpose of investment and not with a view to, or for sale in connection
with, any distribution thereof in violation of the Securities Act. Buyer acknowledges that the
Transferred Equity Interests are not registered under the Securities Act or any other applicable
Law, and that the Transferred Equity Interests may not be transferred, sold or otherwise disposed
of except pursuant to the registration provisions of the Securities Act or pursuant to an
applicable exemption therefrom and pursuant to Laws and regulations of other jurisdictions as
applicable. Buyer Ultimate Parent is an accredited investor as defined in Rule 501(a) of Regulation
D promulgated under the Securities Act. None of the Buyer Parties nor any of its Affiliates has
been induced to purchase the Transferred Equity Interests directly or indirectly through any form
of any general solicitation or published advertisement.

     Section 5.13 Legends. Buyer understands that, the certificates for Transferred Equity
Interests may bear one or all of the following legends:

     (a) “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”) AND HAVE BEEN ACQUIRED FOR
INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO
SUCH TRANSFER MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR
PURSUANT

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TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT.”;
and

     (b) Any legends required by any federal, state, local or foreign jurisdiction.

     Section 5.14 Information in Form S-4 and Proxy Statement. (i) The Form S-4 will not,
at the time the Form S-4 or any amendment or supplement thereto is declared effective under the
Securities Act, contain any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not misleading, and (ii)
the Proxy Statement and any amendment or supplement thereto shall not, at the time of mailing (or
availability pursuant to Rule 14a-16 under the Exchange Act) of the Proxy Statement or any
amendments or supplements thereto to the holders of Buyer Ultimate Parent Common Stock and at the
time of the Buyer Ultimate Parent Special Meeting, contain any untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading,
provided that the representations and warranties in this Section 5.14 do not apply with
respect to statements made or incorporated by reference based on information supplied by or on
behalf of any of the Seller Parties or any of their respective Affiliates.

     Section 5.15 Information in Circular. None of the information supplied or to be
supplied by or on behalf of the Buyer Parties or their respective Affiliates for inclusion or
incorporation by reference in the Circular, any announcements or other documents to be posted to
Seller Parent Shareholders will, in respect of the Circular, at the time of the date of the
Circular and, in respect of any announcements or other documents, at the time of posting to Seller
Parent Shareholders or public release, contain an untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they are made, not misleading.

     Section 5.16 Filings. None of the information supplied or to be supplied by or on
behalf of the Buyer Parties or any of their respective Affiliates in writing for inclusion in any
application, filing or other document to be filed with any Government Entity in connection with the
transactions contemplated by this Agreement (including, without limitation, any communications made
pursuant to Rules 165 or 425 under the Securities Act) will, at the respective times such documents
are filed with any such Government Entity, contain any untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading.

     Section 5.17 Finders’ Fees. Except for fees that may be paid to UBS Securities LLC,
there is no investment banker, broker, finder or other intermediary that has been retained by or is
authorized to act on behalf of any of the Buyer Parties who would be entitled to any fee or
commission from any of the Buyer Parties in connection with this Agreement, any of the Ancillary
Agreements or the transactions contemplated hereunder and thereunder.

     Section 5.18 Litigation and Claims. 

     (a) Other than with respect to Taxes (the sole representations with respect to which are
set forth in Section 5.23) or as is otherwise disclosed in Section 5.18(a) of the

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Buyer’s Disclosure Schedules, there is no civil, criminal, administrative or regulatory
action or Litigation by any Person pending, or to the Knowledge of the Buyer Parties, threatened
against or relating to any of Buyer Ultimate Parent or any of its Controlled Affiliates, or any
of their properties, assets or rights that seeks to enjoin or prohibit consummation, or seek
other material equitable relief with respect to, the transactions contemplated by this Agreement
or the Ancillary Agreements or that would, individually or in the aggregate, have a Buyer
Material Adverse Effect.

     (b) Other than with respect to Taxes (the sole representations with respect to which are
set forth in Section 5.23) or as set forth on Section 5.18(b) of the Buyer’s Disclosure
Schedules or in the Buyer Ultimate Parent SEC Reports, none of Buyer Ultimate Parent nor any of
its Controlled Affiliates is subject to any order, writ, judgment, award, injunction or decree
of any Government Entity or any arbitrator that would, individually or in the aggregate, have a
Buyer Material Adverse Effect.

     Section 5.19 Permits. Except as set forth on Section 5.19 of the Buyer’s Disclosure
Schedules: (i) Buyer Ultimate Parent and its Controlled Affiliates hold all Permits required in
order to permit them to own or lease their properties and assets and to conduct their businesses
under and pursuant to all applicable Laws, in each case, other than any failure to hold any Permit
that would not, individually or in the aggregate, have a Buyer Material Adverse Effect; (ii) all
such Permits are valid and in full force and effect, except for those the failure of which to be
valid or to be in full force and effect would not, individually or in the aggregate, have a Buyer
Material Adverse Effect; and (iii) no violations with respect to such Permits have occurred that
would, individually or in the aggregate, have a Buyer Material Adverse Effect, and no Litigation is
pending or, to the Knowledge of the Buyer Parties, threatened to suspend, cancel, modify, revoke or
limit any such Permits, which Litigation would, individually or in the aggregate, have a Buyer
Material Adverse Effect.

     Section 5.20 Environmental Matters. Except as set forth on Section 5.20 of
the Buyer’s Disclosure Schedules: (i) Buyer Ultimate Parent and its Controlled Affiliates are in
compliance in all material respects with all Environmental Laws applicable to the conduct and
operation of their businesses or pertaining to any of their properties or assets (including any
real property now or previously owned by a Buyer Ultimate Parent or any of its Controlled
Affiliates during the past five years from the date of this Agreement); (ii) Buyer Ultimate Parent
and its Controlled Affiliates have not received any written notice, demand, letter, claim or
request for information alleging that they are materially in violation of or liable under any
material Environmental Law applicable to the conduct and operation of their businesses, or
pertaining to any of their properties or assets and which remains outstanding; (iii) none of Buyer
Ultimate Parent nor any of its Controlled Affiliates is subject to any order, decree or injunction
with any Government Entity concerning liability under any Environmental Law that would,
individually or in the aggregate, have a Buyer Material Adverse Effect; and (iv) the Buyer Parties
have provided or made available to the Seller Parties all material environmental reports,
assessments, investigations or other analyses in the possession or control of any of the Buyer
Parties and prepared at any time since January 1, 2006 relating to property now or previously owned
or now leased in connection with the businesses of Buyer Ultimate Parent and its Controlled
Affiliates.

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     Section 5.21 Intellectual Property.

     (a) Buyer Ultimate Parent and its Controlled Affiliates either exclusively own free and
clear of all Encumbrances, other than Buyer Permitted Encumbrances, or have the sufficient and
legally enforceable right pursuant to written Contracts to use, all material Intellectual
Property that is used in the conduct of the business of Buyer Ultimate Parent and is Controlled
Affiliates.

     (b) Section 5.21(b) of the Buyer’s Disclosure Schedules includes a complete and accurate
list of all United States, foreign and multinational: (i) Patents and Patent applications; (ii)
Trademarks and Trademark applications; (iii) Internet domain names and (iv) Copyright
registrations and applications that are owned by one or more of Buyer Ultimate Parent and its
Controlled Affiliates. Each application and registration set forth in Section 5.21(b) of the
Buyer’s Disclosure Schedules is valid, subsisting and in full force and effect.

     (c) Section 5.21(c) of the Buyer’s Disclosure Schedules includes a complete and accurate
list of all material licenses and other rights granted by any Person to the Buyer Ultimate
Parent or any of its Controlled Affiliates with respect to Intellectual Property (for this
purpose, excluding so-called “off-the-shelf” products and “shrink wrap” software licensed to the
Buyer Ultimate Parent or any of its Controlled Affiliates in the ordinary course of business and
easily obtained without material expense) (collectively, “Buyer Intellectual Property
Licenses”). The Buyer Intellectual Property Licenses are granted to the Buyer Ultimate
Parent or any of its Controlled Affiliates pursuant to a valid written Contract that has not
expired or in respect of which neither Buyer Ultimate Parent nor any of its Affiliates has
received or issued a written notice to terminate such license as of the date of this Agreement.

     (d) The conduct of the businesses of Buyer Ultimate Parent and its Controlled Affiliates
does not materially infringe, misappropriate, dilute or otherwise violate the Intellectual
Property of any other Person or constitute unfair competition or trade practices under the Laws
of any jurisdiction that would, individually or in the aggregate, have a Buyer Material Adverse
Effect. None of the Buyer Ultimate Parent and its Controlled Affiliates has received any written
(or to the Knowledge of the Buyer Parties, oral) notice or claim asserting any of the foregoing.
To the Knowledge of the Buyer Parties, none of the Intellectual Property owned or used by any of
Buyer Ultimate Parent or any of its Controlled Affiliates is being infringed, misappropriated or
otherwise violated by any other Person. None of Buyer Ultimate Parent and its Controlled
Affiliates has entered into any Contract granting any other Person the right to bring
infringement actions with respect to, or otherwise to enforce rights with respect to, any of the
Intellectual Property owned by any of Buyer Ultimate Parent and its Controlled Affiliates.

     (e) The Buyer Ultimate Parent and its Controlled Affiliates have taken commercially
reasonable steps to protect their rights in the material Trade Secrets (excluding any
information that the Buyer Ultimate Parent or any of its Controlled Affiliates, in the exercise
of its business judgment, determined was of insufficient value to protect as a Trade Secret)
owned by any of them, including executing written non-disclosure agreements with

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employees, independent contractors and other third parties with access thereto. To the
Knowledge of the Buyer Parties, (i) such trade secrets have not been used or disclosed by any
Person except pursuant to valid and appropriate non-disclosure and/or license agreements that
obligate such Person to keep such Trade Secrets confidential and (ii) no third party to any
non-disclosure agreement with the Buyer Ultimate Parent or any of its Controlled Affiliates is
in breach, violation or default thereof.

     (f) Except as set forth in Section 5.21(f) of the Buyer’s Disclosure Schedules, neither the
Buyer Ultimate Parent nor any of its Controlled Affiliates has conveyed, pledged or otherwise
transferred ownership of, or granted or agreed to grant any exclusive license of or right to
use, or granted joint ownership of, any Intellectual Property owned by any of the Transferred
Entities to any other Person. None of the Intellectual Property owned by the Buyer Ultimate
Parent or any of its Controlled Affiliates is subject to any proceeding or any outstanding
decree, order or judgment that restricts in any material respect the Buyer Ultimate Parent’s or
the relevant Controlled Affiliate’s use, transfer or licensing of such Intellectual Property.

     (g) The Buyer Ultimate Parent and its Controlled Affiliates use commercially reasonable
efforts to protect, in all material respects, (i) personally identifiable information provided
by their employees and customers from unauthorized disclosure or use and (ii) the security of
their information technology systems, and neither the Buyer Ultimate Parent nor any of its
Controlled Affiliates has received any written claim pending against them alleging any material
breach, violation, misuse or unauthorized disclosure of any of the foregoing. The Buyer
Ultimate Parent and its Controlled Affiliates have not experienced any data loss, breach of
security, or other unauthorized access, in any such case, material to the business of the Buyer
Ultimate Parent and its Controlled Affiliates, taken as a whole, to its information technology
systems or databases by any Person.

     (h) From and after the Closing, the Buyer Ultimate Parent and its Controlled Affiliates
will own or have the right to use pursuant to written Contracts, or as otherwise provided
pursuant to this Agreement or any Ancillary Agreement, all Intellectual Property necessary to
conduct their respective businesses as conducted on the date of this Agreement and immediately
prior to the Closing.

     Section 5.22 Compliance With Laws. Except as set forth on Section 5.22 of the Buyer’s
Disclosure Schedules:

     (a) Except with respect to Taxes (which is specifically provided for in Section 5.23),
since December 31, 2005, each of Buyer Ultimate Parent and its Controlled Affiliates has
complied in all material respects with, is in compliance in all material respects with and has
operated and maintained its business in compliance with, in each case in all material respects,
all material applicable Laws. No investigation by any Government Entity with respect to any of
Buyer Ultimate Parent or any of its Controlled Affiliates is pending or, to the Knowledge of the
Buyer Parties, threatened, and no Government Entity has notified any of Buyer Ultimate Parent or
any of its Controlled Affiliates in writing or, to the Knowledge of the Buyer Parties, orally of
its intention to conduct the same.

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     (b) Except as not prohibited under applicable Law, since December 31, 2005, none of Buyer
Ultimate Parent nor any of its Controlled Affiliates has offered or given anything of value to
any official of a Government Entity, any political party or official thereof, or any candidate
for political office (i) with the intent of inducing such Person to use such Person’s influence
with any Government Entity to affect or influence any act or decision of such Government Entity
or to assist the obtaining or retaining of business for, or with, or the directing of business
to, any of Buyer Ultimate Parent or any of its Controlled Affiliates, or (ii) constituting a
bribe, kickback or illegal or improper payment to assist any of Buyer Ultimate Parent or any of
its Controlled Affiliates in obtaining or retaining business for or with any Government Entity.

     (c) Each of Buyer Ultimate Parent or any of its Controlled Affiliates has filed all
material registrations, reports, statements of additional information, financial statements,
statements, notices and other material filings required to be filed by it with any Government
Entity, including all material amendments or supplements to any of the above for the past three
years, in each case to the extent related to its businesses, except to the extent the failure to
file would not, individually or in the aggregate, have a Buyer Material Adverse Effect.

     Section 5.23 Taxes. As of the date of this Agreement and as of the Closing Date, with
respect to the Buyer Ultimate Parent and its Controlled Affiliates:

     (a) All material Tax Returns with respect to the Buyer Ultimate Parent and its Controlled
Affiliates required to be filed have been duly and timely filed with the appropriate Government
Entities, all such Tax Returns are true, correct and complete in all material respects, and
Buyer Ultimate Parent and its Controlled Affiliates have timely paid all Taxes shown as due on
such Tax Returns.

     (b) There are no material audits, examinations, investigations or other proceedings pending
or threatened in writing in respect of Taxes with respect to any of the Buyer Ultimate Parent or
its Controlled Affiliates, no material issues that have been raised by a Government Entity in
connection with any examination of the Tax Returns referred to in Section 5.23(a) are currently
pending.

     (c) To the Buyer Parties’ Knowledge, none of Buyer Ultimate Parent or its Controlled
Affiliates (x) is the subject of any material agreement, ruling or arrangement in respect of
Taxes with any Government Entity, and no such agreement, ruling or arrangement is pending or (y)
is or has been entitled to any Tax holiday, Tax credit, or other similar Tax incentive or
benefit from any jurisdiction (other than such benefits as are generally available to all
Persons engaged in business and subject to tax as a resident in such jurisdiction), which, to
Buyer Parties’ Knowledge, would be subject to forfeiture, recapture, or other recovery by the
Government Entity granting such benefit in connection with the transactions contemplated hereby
or in connection with any dissolution, or cessation of business in, or withdrawal of assets from
or a reduction of the number of employees in the relevant jurisdiction.

     (d) None of Buyer Ultimate Parent or its Controlled Affiliates has any material liability
for the Taxes of any Person under U.S. Treasury Regulation Section 1.1502-6 (or

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any similar provision of state, local, or foreign law), as a transferee or successor, by
contract, or otherwise.

     (e) There are no Encumbrances, except for Buyer Permitted Encumbrances, for Taxes upon any
of the assets of Buyer Ultimate Parent or its Controlled Affiliates.

     (f) No (A) waiver of any statute of limitations in respect of material Taxes, (B) agreement
for any extension of time with respect to a Tax assessment or deficiency or (C) power of
attorney has been granted with respect to material Taxes, in each case, relating to the Buyer
Ultimate Parent or any of its Controlled Affiliates or the assets thereof. None of Buyer
Ultimate Parent or its Controlled Affiliates is a party to, bound by, or has any obligation or
liability under, any Tax allocation, Tax sharing or Tax indemnity agreement or arrangement.

     (g) None of Buyer Ultimate Parent or its Controlled Affiliates will be required to include
any item of income in or exclude any item of deduction from, taxable income for any period
ending after the Closing Date as a result of any (i) request for a ruling, advance pricing
agreement, or “closing agreement” as defined in Section 7121 of the Code (or any
corresponding or similar provision of U.S. state or local or foreign Tax law); (ii) material
installment sale or open transaction disposition made on or before the Closing Date; (iii)
adjustment pursuant to Section 481(a) (change in accounting method) of the Code or any similar
provision of U.S. state or local or foreign Tax law; (iv) material deferred intercompany item or
(v) excess loss account as described in U.S. Treasury Regulations under Section 1504 or any
similar provision of U.S. state or local or foreign Tax law.

     (h) Each of Buyer Ultimate Parent and its Controlled Affiliates is, and has at all times
during its existence been, classified for U.S. income Tax purposes as the type of entity set
forth in Section 5.23(h) of the Buyer’s Disclosure Schedules hereto.

     (i) None of Buyer Ultimate Parent or its Subsidiaries is or has been a member of any
consolidated, combined, connected, unitary affiliated or similar group of corporations that
filed or was required to file consolidated, combined or unitary Tax Returns (or any Tax Returns
of a similar nature or statutes under the provisions of U.S. federal, state or local or foreign
Law) other than a group which includes only Buyer Ultimate Parent and its Subsidiaries.

     (j) None of Buyer Ultimate Parent and its Controlled Affiliates has constituted either a
“distributing corporation” or “controlled corporation” (within the meaning of Section
355(a)(1)(A) of the Code) in a distribution of stock qualifying for tax-free treatment under
Section 355 of the Code (A) in the two (2) years prior to the date of this Agreement or (B) in a
distribution which could otherwise constitute a “plan” or “series of related transactions”
(within the meaning of Section 355 of the Code) with the transactions contemplated by this
Agreement.

     (k) There has been made available to Seller Parties correct and complete copies of the
relevant portion of all material Tax Returns of Buyer Ultimate Parent and its Controlled

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Affiliates for the taxable periods ending within the last three calendar years before the
Closing Date, which have been filed.

     (l) Section 5.23(l) of the Buyer’s Disclosure Schedules lists all national, federal,
foreign, state, provincial and local jurisdictions in which any of the Buyer Ultimate Parent or
its Controlled Affiliates file Tax Returns. No claim or inquiry has been made by any Government
Entity in a jurisdiction in which the Buyer Ultimate Parent or a Controlled Affiliate of Buyer
Ultimate Parent, as appropriate, does not file Tax Returns that it is or may be subject to
taxation or any requirement to file Tax Returns in such jurisdiction.

     (m) None of Buyer Ultimate Parent or any of its Controlled Affiliates has (i) participated
in any “listed transaction” within the meaning of U.S. Treasury Regulation Section
1.6011-4(c)(3)(i)(A) or (ii) promoted, marketed, offered to sell, sold or advised in respect of
any such “listed transaction.”

     (n) None of Buyer Ultimate Parent or its Controlled Affiliates is an expatriated entity (as
defined in Section 7874(a)(2)(A) of the Code) or a surrogate foreign corporation (within the
meaning of Section 7874(a)(2)(B) of the Code).

     Section 5.24 Employee Benefits. 

     (a) All employment (or form of employment), benefit and compensation agreements, plans,
contracts, programs, policies or arrangements covering one or more Buyer Employees or former
Buyer Employees, including any trust instruments and insurance contracts forming a part thereof,
any deferred compensation, stock option, stock purchase, stock appreciation rights, stock based
or other incentive, bonus, consulting, post-retirement insurance, workers’ compensation,
disability, medical insurance, work-related injury or sickness insurance, maternity insurance,
retirement, pension, housing or housing funds, union or workers’ activity funding, fringe,
perquisite or other benefit, vacation, severance and change in control agreements, plans,
contracts, programs, policies or arrangements, including without limitation any “employee
benefit plans” within the meaning of Section 3(3) of ERISA and all amendments thereto (the
“Buyer Benefit and Compensation Arrangements”), are listed on Section 5.24(a) of the
Buyer’s Disclosure Schedules, are and have been operated in compliance in all material respects
with all applicable Laws of the relevant jurisdiction (including any local regulatory or Tax
approval requirements) and, to the extent relevant, the governing provisions of the relevant
Benefit and Compensation Arrangement. No material Litigation is pending or, to the Knowledge of
the Buyer Parties, threatened with respect to any Buyer Benefit and Compensation Arrangement.

     (b) None of the Buyer Parties nor any Buyer ERISA Affiliate has, within the six year period
prior to the date of this Agreement, ever maintained, established, sponsored, participated in,
or contributed to, any U.S. Buyer Benefit and Compensation Arrangement that is an “employee
pension benefit plan,” within the meaning of Section 3(2) of ERISA subject to Title IV of ERISA
or Section 412 of the Code. The term “Buyer ERISA Affiliate” means any Person that,
together with Buyer Ultimate Parent or any of its Subsidiaries, would be deemed a “single
employer” within the meaning of Section 414(b), Section 414(c), Section 414(m) or Section 414(o)
of the Code. No direct, contingent or secondary liability

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has been incurred or is expected to be incurred by any Buyer Party under Title IV of ERISA
to any party with respect to any U.S. Buyer Benefit and Compensation Arrangement or
“multiemployer plan” within the meaning of Section 3(37) of ERISA, or with respect to any other
U.S. Buyer Benefit and Compensation Arrangement presently or heretofore maintained or
contributed to by any Buyer ERISA Affiliate.

     (c) All material contributions, reserves or premium payments required to be made with
respect to any Buyer Employee under the terms of any Buyer Benefit and Compensation Arrangement
have been made or have been properly accrued or otherwise adequately reserved for in the Buyer
Ultimate Parent Financial Statements or will otherwise be timely made prior to the Closing Date.

     (d) There has been no amendment to, or announcement by any Buyer Party or any of its
Affiliates in respect of the Buyer Employees relating to, or change in employee participation or
coverage under, any Buyer Benefit and Compensation Arrangement which would increase materially
the expense of maintaining such Buyer Benefit and Compensation Arrangement above the level of
the expense incurred therefor for the year ended December 31, 2008.

     (e) Neither the execution of this Agreement nor the consummation of the transactions
contemplated by this Agreement will (i) entitle any Buyer Employees to severance pay, bonus or
benefits or any increase in severance pay, bonus, benefits or would result in an increase in the
applicable notice period upon any termination of employment on or after the date of this
Agreement, (ii) accelerate the time of payment, exercisability or vesting or result in any
payment or funding (through a grantor trust or otherwise) of compensation or benefits under,
increase the amount payable or result in any other material obligation pursuant to any of the
Buyer Benefit and Compensation Arrangements to any Buyer Employees, (iii) limit or restrict the
right of any Buyer Party or any of its Affiliates in respect of the Buyer Employees to merge,
amend or terminate any of the Buyer Benefit and Compensation Arrangements, (iv) cause any Buyer
Party or any of its Affiliates in respect of the Buyer Employees to record additional
compensation expense on its income statement with respect to any outstanding stock option or
other equity-based award or (v) result in payments under any of the Buyer Benefit and
Compensation Arrangements which would not be deductible under Section 280G of the Code.

     (f) None of the Buyer Ultimate Parent nor any of its Controlled Affiliates has granted or
agreed to grant or accelerate or cause an acceleration of, the time of vesting, exercisability
or payment of awards (including without limitation, any equity based compensation such as
restricted stock units or options) held by any of the Buyer Employees under any Buyer Benefit
and Compensation Plan. None of the boards of directors of Buyer Ultimate Parent nor any of its
Controlled Affiliates has approved such acceleration in connection with the execution and
consummation of the transactions contemplated by this Agreement or the Ancillary Agreements.

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     Section 5.25 Labor.

     (a) None of the Buyer Ultimate Parent nor any of its Controlled Affiliates is a party to or
bound by any labor agreement, union contract or collective bargaining agreement, and there are
no labor unions or other organizations representing any Buyer Employee, works councils or
employee representative bodies within the Buyer Parties, other than omnibus agreements covering
substantially all Buyer Employees in a jurisdiction pursuant to the Laws or customary practice
of that jurisdiction respecting employees. Each of the Buyer Ultimate Parent and each of its
Controlled Affiliates that employs any Buyer Employee is or has been in compliance with all
applicable Laws in respect of employment and employment practices including, without limitation,
all Laws in respect of terms and conditions of employment, health and safety, employee
independent contractor classifications, wages and hours of work (e.g. overtime compensation and
minimum wages), child labor, immigration, employment discrimination, disability rights or
benefits, equal opportunity, plant closures and layoffs, affirmative action, workers’
compensation, labor relations, employee leave issues, unemployment insurance, union or workers’
activity funding, housing and housing funds, medical insurance, work-related injury and sickness
insurance, maternity insurance and retirement pensions, unemployment insurance and the
collection and payment of withholding or social security Taxes and any similar Tax, except in
any such case which does not have a Material Adverse Effect. Since January 1, 2008, there has
not been, and there is not now pending or, to the Knowledge of the Buyer Parties, threatened (a)
any material strike, lockout, slowdown, picketing or work stoppage with respect to the Buyer
Employees or (b) any unfair labor practice charge against Buyer Ultimate Parent or any of its
Controlled Affiliates, in the case of (b), that in any such case does not have a Buyer Material
Adverse Effect.

     (b) Section 5.25(b) of Buyer’s Disclosure Schedules lists or describes (i) each Contract,
and each outsourcing, agency or other arrangement (whether with third parties or with Buyer
Ultimate Parent or any of its Controlled Affiliates and whether formal or informal), pertaining
to the provision of the services of employees (whether on a full time or part time basis) to any
of Buyer Ultimate Parent or any of its Controlled Affiliates, and (ii) each person who is
employed by Buyer Ultimate Parent or any of its Controlled Affiliates (other than a Transferred
Entity) who primarily provides services to by Buyer Ultimate Parent or any of its Controlled
Affiliates.

     Section 5.26 Contracts.

     (a) Other than those Contracts entered into with customers or suppliers in the ordinary
course of business and those Contracts set out in the list contained in Section 5.26(a) of the
Buyer’s Disclosure Schedules, which are in effect as of the date of this Agreement, none of
Buyer Ultimate Parent or any of its Controlled Affiliates is bound by or subject to:

               (i) any Contract, other than a Buyer Benefit and Compensation Arrangement, that is reasonably
expected to provide for payments to, or provide for payments from, Buyer Ultimate Parent or any of
its Controlled Affiliates, in excess of $10,000,000;

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               (ii) any Contract prohibiting or materially restricting the ability of any of by Buyer
Ultimate Parent or any of its Controlled Affiliates to conduct its business, to engage in any
business or operate in any geographical area or to compete with any Person;

               (iii) any Contract for any joint venture, strategic alliance, partnership or similar
arrangement involving a sharing of profits or expenses or payments based on revenues, profits, or
assets under management of Buyer Ultimate Parent or any of its Controlled Affiliates that is
reasonably expected to account for revenue to Buyer Ultimate Parent or any of its Controlled
Affiliates in excess of $10,000,000 on an annual (or annualized) basis or that would reasonably be
expected to be material to Buyer Ultimate Parent and its Controlled Affiliates, taken as a whole;

               (iv) any Contract relating to any Indebtedness of Buyer Ultimate Parent or any of its
Controlled Affiliates in an amount in excess of $10,000,000, other than: (A) any Indebtedness
solely between Buyer Ultimate Parent or any of its Controlled Affiliates; or (B) any Indebtedness
for which none of Buyer Ultimate Parent nor any of its Controlled Affiliates will be liable
following the Closing;

               (v) any Contract under which (A) any Person has directly or indirectly guaranteed or assumed
Indebtedness, liabilities or obligations of any of Buyer Ultimate Parent or any of its Controlled
Affiliates that would reasonably be expected to be material to Buyer Ultimate Parent and its
Controlled Affiliates, taken as a whole, or (B) Buyer Ultimate Parent or any of its Controlled
Affiliates has directly or indirectly guaranteed or otherwise agreed to be responsible for
Indebtedness or liabilities of any Person (other than any of Buyer Ultimate Parent or any of its
Controlled Affiliates) in each case in excess of $10,000,000;

               (vi) any Contract that provides for earn-outs or other similar contingent obligations that
would reasonably be expected to result in annual payments of $10,000,000 or more; and

               (vii) any Contract entered into since January 1, 2007 for the acquisition or disposition of a
Person or a division of a Person, or the acquisition or sale of any assets comprising a business or
going concern.

     (b) Buyer Ultimate Parent has made available to Seller Parent prior to the date of this
Agreement a complete and correct copy of each written Contract described in Section 5.26(a)
above (the “Buyer Specified Contracts”) and accurate and complete descriptions of all
material terms of each oral Buyer Specified Contract, including all material amendments,
modifications and supplements thereto as in effect on the date of this Agreement. Each Buyer
Specified Contract is in full force and effect, and is valid and binding on Buyer Ultimate
Parent or any of its Controlled Affiliates that is a party thereto, and, to the Knowledge of the
Buyer Parties, on each other party thereto. There exists no breach or default of any Buyer
Specified Contract on the part of any of Buyer Ultimate Parent or any of its Controlled
Affiliates which (with or without notice or lapse of time or both) would, individually or in the
aggregate, have a Buyer Material Adverse Effect. No Buyer Party has received any written notice
of an intention to terminate, not to renew or to challenge the validity or enforceability of any
Buyer Specified Contract, the termination, failure to renew

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or challenge of which would, individually or in the aggregate, have a Buyer Material
Adverse Effect.

     Section 5.27 Real Property.

     (a) Section 5.27(a) of the Buyer’s Disclosure Schedules sets forth a list of all owned real
properties that are material to any Buyer Party (“Buyer Owned Real Properties”). The
applicable Buyer Party has good and marketable title to each Buyer Owned Real Property, free and
clear of any mortgages, liens, pledges, charges and encumbrances of any nature whatsoever, with
such exceptions that (i) are not material and do not interfere with the use made of such real
property by the applicable Buyer Party, or (ii) would not result in a Buyer Material Adverse
Effect. None of the Buyer Parties has received any written notice regarding, and, to the Knowledge
of the Buyer Parties, there has not been threatened any pending condemnation, eminent domain,
compulsory relocation or similar proceeding with respect to all or a portion of any Buyer Owned
Real Property.

     (b) Section 5.27(b) of the Buyer’s Disclosure Schedules sets forth a list of all leased,
subleased or licensed real properties that are material to any of Buyer Ultimate Parent or any of
its Controlled Affiliates (“Buyer Material Leases”). Each parcel of real property in which
any of Buyer Ultimate Parent or any of its Controlled Affiliates has an interest (including lease,
sublease, license, or occupation) is held under a valid, subsisting and enforceable lease,
sublease, license, land use certificate, or other Contract, as applicable, by the Buyer Ultimate
Parent or its applicable Controlled Affiliate with such exceptions that are (i) not material and do
not interfere with the use made of such real property by Buyer Ultimate Parent or its applicable
Controlled Affiliate, or (ii) would not have resulted in a Buyer Material Adverse Effect. True and
correct copies of Buyer Material Leases have been delivered or made available to Seller Parent,
together with any amendments, modifications or supplements thereto. Except as provided in Section
5.27(b) of the Buyer’s Disclosure Schedules, consummation of the transactions contemplated by this
Agreement will not result in a breach of, or default under, any Buyer Material Lease, and will not
result in the payment by any Buyer Party to any lessor or other third party of any change in
control or other similar fees. None of the Buyer Parties or any of their Affiliates has received
any written communication from the landlord or lessor under any of the Buyer Material Leases
claiming that it is in breach of its obligations under such leases, except for written
communications claiming breaches that would not have a Buyer Material Adverse Effect. None of the
Buyer Parties has received any written notice regarding, and, to the Knowledge of the Buyer
Parties, there has not been threatened any pending condemnation, eminent domain, compulsory
relocation or similar proceeding with respect to all or a portion of any real property leased,
subleased, licensed or otherwise occupied by Buyer Ultimate Parent or any of its Controlled
Affiliates.

     (c) The Buyer Owned Real Properties and the Buyer Material Leases constitute all material real
properties owned, leased, subleased, licensed or otherwise used in the operation of the business of
Buyer Ultimate Parent and its Controlled Affiliates.

     Section 5.28 Sufficiency of Assets. Except as specifically disclosed in Section 5.28 of
the Buyer’s Disclosure Schedules, Buyer Ultimate Parent and its Controlled Affiliates own or have
the right to use all material assets, properties and rights necessary to the conduct of their

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businesses as currently conducted. Immediately after the Closing, Buyer Ultimate Parent and its
Controlled Affiliates will own or have the right to use pursuant to written Contracts, or as
otherwise provided pursuant to this Agreement or any Ancillary Agreement, all material assets,
properties and rights necessary to conduct their businesses as conducted on the date of this
Agreement and immediately prior to the Closing. All material tangible assets and properties owned
by Buyer Ultimate Parent and its Controlled Affiliates, or which Buyer Ultimate Parent and its
Controlled Affiliates have the right to use pursuant to written Contracts, are in good operating
condition and repair, subject to ordinary wear and tear and normal industry practice with respect
to maintenance, and are usable in the ordinary course of business and are in conformity with all
applicable Laws (including Environmental Laws) relating to their construction, use and operation,
except in such cases which has not had or would not have a Buyer Material Adverse Effect.

     Section 5.29 Insurance. Buyer Ultimate Parent and its Controlled Affiliates maintain
such worker’s compensation, comprehensive property and casualty, liability, errors and omissions,
directors’ and officers’, fidelity and other insurance as they may be required to maintain under
applicable Laws. Buyer Ultimate Parent and its Controlled Affiliates have complied in all material
respects with the terms and provisions of such policies and bonds. Buyer Ultimate Parent and its
Controlled Affiliates are insured against such losses and risks and in such amounts as are
customary in the businesses in which they are engaged in the jurisdictions in which they are so
engaged.

     Section 5.30 Affiliate Arrangements. To the Knowledge of the Buyer Parties, as of the
date hereof, no director or officer of any of Buyer Ultimate Parent or any of its Controlled
Affiliates: (i) owns, directly or indirectly (other than through an investment in Buyer Ultimate
Parent or any public company), any economic or ownership interest in any property or asset, real or
personal, tangible or intangible, used in or held for use in connection with the business of Buyer
Ultimate Parent or any of its Controlled Affiliates or (ii) has received any loans from or is
otherwise a debtor of, or made any loans to or is otherwise a creditor of, any of Buyer Ultimate
Parent or any of its Controlled Affiliates, in each case of (i) and (ii), which could reasonably be
expected to impair such Person’s independent judgment.

     Section 5.31 Customers and Suppliers. Section 5.31 of the Buyer’s Disclosure
Schedules sets forth a complete and accurate list of the names of (i) the twenty third-party
customers of Buyer Ultimate Parent and its Controlled Affiliates from whom they received the
highest aggregate amounts for products and services provided during the twelve-month period ended
September 30, 2009; and (ii) the twenty third-party suppliers to whom they paid the highest
aggregate amounts for supplies, merchandise and other goods during the twelve-month period ended
September 30, 2009. Since September 30, 2009, there has been no significant adverse change in the
business relationship of Buyer Ultimate Parent or any of its Controlled Affiliates with any
customer or supplier named in Section 5.31 of the Buyer’s Disclosure Schedules. None of Buyer
Ultimate Parent nor any of its Controlled Affiliates has received any communication from any
customer or supplier named in Section 5.31 of the Buyer’s Disclosure Schedules of any intention to
terminate or materially reduce purchases from, supplies to or its relationship with Buyer Ultimate
Parent or such Controlled Affiliate.

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     Section 5.32 No Other Representations or Warranties.
Except for representations and warranties expressly contained in this Agreement (as
qualified or supplemented by the Buyer’s Disclosure Schedules) and the Ancillary Agreements
(including any certificates or other instruments delivered in connection with this Agreement and
the Ancillary Agreements), none of the Buyer Parties or any other Person makes any other express or
implied representation or warranty on behalf of any of the Buyer Parties relating to any of Buyer
Ultimate Parent or any of its Controlled Affiliates. EACH OF THE SELLER PARTIES ACKNOWLEDGES AND
AGREES THAT, EXCEPT IN THE CASE OF FRAUD, THE BUYER PARTIES AND THEIR AFFILIATES WILL NOT HAVE OR
BE SUBJECT TO ANY LIABILITY OR INDEMNIFICATION OBLIGATION TO THE SELLER PARTIES OR ANY OF THEIR
AFFILIATES OR ANY OTHER PERSON RESULTING FROM THE MAKING AVAILABLE OR FAILING TO MAKE AVAILABLE TO
THE SELLER PARTIES OR ANY OF THEIR AFFILIATES, OR ANY USE BY THE SELLER PARTIES OR ANY OF THEIR
AFFILIATES OF, ANY INFORMATION, INCLUDING ANY INFORMATION, DOCUMENTS, PROJECTIONS, FORECASTS OR
OTHER MATERIAL MADE AVAILABLE TO THE SELLER PARTIES OR ANY OF THEIR AFFILIATES IN CERTAIN “DATA
ROOMS” OR MANAGEMENT PRESENTATIONS IN EXPECTATION OF THE TRANSACTIONS CONTEMPLATED BY THIS
AGREEMENT, EXCEPT TO THE EXTENT ANY SUCH INFORMATION IS EXPRESSLY INCLUDED IN A REPRESENTATION OR
WARRANTY CONTAINED IN THIS AGREEMENT (AS QUALIFIED OR SUPPLEMENTED BY THE BUYER’S DISCLOSURE
SCHEDULES) OR ANY ANCILLARY AGREEMENT (INCLUDING ANY CERTIFICATES OR OTHER INSTRUMENTS DELIVERED IN
CONNECTION WITH THIS AGREEMENT AND THE ANCILLARY AGREEMENTS).

ARTICLE VI

COVENANTS

     Section 6.1 Access and Information.

     (a) From the date of this Agreement until the earlier of the Closing Date or termination of
this Agreement in accordance with its terms, subject to the terms of this Section 6.1 and the
confidentiality obligations set forth in the Confidentiality Agreement and this Agreement and
any applicable Law (including any Antitrust Law) (as determined by Seller Parent in its
reasonable discretion in the case of clause (i) below or by Buyer Ultimate Parent in its
reasonable discretion in the case of clause (ii) below), (i) Seller Parent shall and shall cause
its Affiliates and Representatives to (A) afford Buyer Ultimate Parent and its Representatives
reasonable access, during regular business hours and upon reasonable advance notice, to the
Employees, the Books and Records, the Contracts, the assets and properties of the Transferred
Entities and the employees and Representatives of Seller Parent and Seller who have knowledge
relating directly to the PCB Business, in each case, in order that Buyer Ultimate Parent and its
Representatives shall have the reasonable opportunity to make such investigation as Buyer
Ultimate Parent and its Representatives shall reasonably require in connection with any matters
relating to the Transferred Entities and the transactions contemplated by this Agreement, (B)
furnish, or cause to be furnished, to Buyer Ultimate Parent and its Representatives any
financial and operating data and other information that is reasonably available to Seller
Parent, Seller and their Representatives with

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respect to the Transferred Entities or the PCB Business as Buyer Ultimate Parent and its
Representatives from time to time may reasonably request, (C) instruct the Employees and
the employees and Representatives of Seller Parent, Seller and their Affiliates who have
knowledge relating directly to the PCB Business to cooperate reasonably with Buyer Ultimate
Parent and its Representatives in their investigation of the PCB Business and any matters
relating thereto and to the transactions contemplated by this Agreement and (D) cooperate
reasonably with Buyer Ultimate Parent in connection with any approvals, applications, waivers,
consents or any other request for information or requirements of any Government Entity to be
made, filed or obtained by the Buyer Parties, and (ii) Buyer Ultimate Parent shall and shall
cause its Affiliates and Representatives to (A) afford Seller Parent and its Representatives
reasonable access, during regular business hours and upon reasonable advance notice, to the
Buyer Employees, the Buyer Books and Records, the Contracts, the assets and properties of the
Buyer Ultimate Parent and its Controlled Affiliates and the employees and Representatives of the
Buyer Ultimate Parent and its Controlled Affiliates who have knowledge relating directly to its
business, in each case, in connection with such investigation as Seller Parent and its
Representatives shall reasonably require in connection with any matters relating to the
transactions contemplated by this Agreement, (B) furnish, or cause to be furnished, to Seller
Parent and its Representatives any financial and operating data and other information that is
reasonably available to Buyer Ultimate Parent and its Controlled Affiliates and their
Representatives with respect to Buyer Ultimate Parent and its Controlled Affiliates as Seller
Parent and its Representatives from time to time may reasonably request, (C) instruct the
employees and Representatives of Buyer Ultimate Parent and its Controlled Affiliates who have
knowledge relating to Buyer Ultimate Parent and its Controlled Affiliates to cooperate
reasonably with Seller Parent and its Representatives in their investigation of Buyer Ultimate
Parent and its Controlled Affiliates and any matters relating thereto and to the transactions
contemplated by this Agreement and (D) cooperate reasonably with Seller Parent in connection
with any approvals, applications, waivers, consents or any other request for information or
requirements of any Government Entity to be made, filed or obtained by the Seller Parties;
provided, however, that any such access to information shall be conducted at the
expense of the requesting Party (such cost not to include manager time incurred by the Providing
Party of its Affiliates), at a reasonable time, under the supervision of the Providing Party or
its Representatives and not to interfere with the normal operations of the business of the
Providing Party or its Affiliates; provided, further, that in no event shall any
party have access to any information if allowing that access (x) based on advice of counsel to
the party that is providing access, information or cooperation pursuant to this Section 6.1(a)
(the “Providing Party”), would reasonably be expected to result in the loss of
attorney-client privilege, (y) would in the reasonable judgment of the Providing Party (A)
result in the disclosure of any material trade secrets, unless the applicable information is
reasonably necessary for integration purposes and then only if it does not involve the
furnishing of information about sensitive fiduciary matters, (B) violate any obligation of the
Providing Party with respect to confidentiality so long as, with respect to confidentiality, the
Providing Party has made commercially reasonable efforts to safeguard the confidentiality of any
such information and minimize any reasonable concerns in connection therewith including using
commercially reasonable efforts to seek to obtain a waiver regarding the possible disclosure
from the third party to whom it owes an obligation of confidentiality or (C) cause competitive
harm to the Providing Party or its

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Affiliates if the transactions contemplated by this Agreement
are not consummated, or (z) based on the
advice of counsel to the party that is providing access, is prohibited by applicable Law;
provided, further, that with respect to clauses (x) and (y) of this Section
6.1(a), in the event that any such clauses prevents the providing of information pursuant to
this Section 6.1(a), the Providing Party shall use commercially reasonable efforts to develop an
alternative to providing such information so as to address such matters that is reasonably
acceptable to the receiving party. All requests for information made pursuant to this Section
6.1(a) shall be directed in writing to an executive officer of Seller Parent or Buyer Ultimate
Parent, as the case may be, or such Person or Persons as may be designated by Seller Parent or
Buyer Ultimate Parent, as the case may be.

     (b) Following the Closing Date, to the extent permitted by applicable Law, Buyer Ultimate
Parent agrees to provide (or cause its Subsidiaries and Representatives to provide) Seller
Parent and its Representatives with reasonable access, during regular business hours and upon
reasonable advance notice, to the Books and Records and any other documents that any Buyer Party
acquires pursuant to this Agreement and to the Buyer Parties’ employees and Representatives, in
each case, to the extent that any such Books and Records are related to any Transferred Entity
or the PCB Business during the period prior to the Closing Date and otherwise necessary or
expedient for Seller Parent or its Representatives to comply with the terms of this Agreement,
any applicable Law or any request of a Government Entity; provided, however,
that any such access and review shall be granted and conducted in such manner as not to
interfere unreasonably with the conduct of the business of the Buyer Parties or any of their
Affiliates; provided, further, that in no event shall Seller Parent or its
Representatives have access to any information if allowing that access (x) based on advice of
counsel of Buyer Ultimate Parent, information or cooperation pursuant to this Section 6.1(b),
would reasonably be expected to result in the loss of attorney-client privilege, (y) would in
the reasonable judgment of Buyer Ultimate Parent violate any obligation of any of the Buyer
Parties with respect to confidentiality so long as such Buyer Party has made commercially
reasonable efforts to obtain a waiver regarding the possible disclosure from the third party to
whom it owes an obligation of confidentiality (and Buyer Ultimate Parent shall not after the
date hereof enter into any such obligation or permit any of its Controlled Affiliates (including
any Transferred Entities) to do so), or (z) based on the advice of counsel, is prohibited by
applicable Law. Seller Parent shall bear any out-of-pocket costs incurred in connection with
the provision of such access by Buyer Ultimate Parent following the Closing Date. In addition to
the other obligations set forth herein, Buyer Ultimate Parent shall, and shall cause its
Controlled Affiliates (including the Transferred Entities) and its Representatives to, retain
and preserve all of the Books and Records and all other documents that any Buyer Party acquires
pursuant to this Agreement in accordance with its customary retention policy and in any event
for five years following Closing.

     (c) Buyer Ultimate Parent undertakes, for a period of five years from the Closing Date, to:

               (i) keep in a safe place and with the same security measures that apply to Buyer Ultimate
Parent’s own secure documentation (which Buyer Ultimate Parent confirms are appropriate for a
comparable business as carried on by Buyer Ultimate Parent) the Books and

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Records within its
possession to ensure that they are maintained for a period of five years after the Closing Date;

               (ii) upon written request from Seller Parent, Buyer Ultimate Parent will use commercially
reasonable efforts, subject to the capabilities of the Transferred Entities acquired on the Closing
Date, to provide the document or copy of the document within a reasonable period of time following
receipt of such written request; and

               (iii) give to Seller Parent a copy of any document included in the Books and Records within
five Business Days from the receipt of a written request from Seller Parent.

          Seller Parent agrees, solely with respect to Buyer Ultimate Parent’s obligations under this
Section 6.1(c) and without affecting any other obligation of Buyer Ultimate Parent in this
Agreement, that it shall only request copies of Books and Records in connection with a (i) bona
fide obligation to respond to a request from a competent, Government Entity to disclose Books and
Records or (ii) necessary or expedient to comply with applicable Law, or information included in
such Books and Records, and undertakes, provided it is in Seller Parent’s reasonable opinion
practicable and permitted by Law, to provide evidence of such request in a form reasonably
satisfactory to Buyer Ultimate Parent at the time the request for the Books and Records is made
(and, if it is not practicable or permitted, shall instead provide a certificate signed on behalf
of Seller Parent confirming that such request is in response to a bona fide regulatory,
governmental, legal or judicial requirement). Without prejudice to Buyer Ultimate Parent’s
obligation to maintain appropriate security measures pursuant to clause (i), nothing herein shall
require Buyer Ultimate Parent to create, alter or modify any of its information technology systems
in order to comply with this Section 6.1(c); it being understood that the foregoing shall not
affect Buyer Ultimate Parent’s obligation to maintain Books and Records for five years.

     Section 6.2 Conduct of Business of the Transferred Entities. Except
as set forth in Section 6.2 of the Seller’s Disclosure Schedules, during the period
from the date of this Agreement to and through the earlier of the Closing Date and the termination
of this Agreement in accordance with its terms, except as otherwise expressly contemplated by this
Agreement, as required by any applicable Law, or as Buyer Ultimate Parent shall otherwise consent
in writing (which consent shall not be unreasonably withheld, conditioned or delayed), the Seller
Parties shall cause each Transferred Entity to (a) conduct its business in the ordinary course of
business in all material respects consistent with past practice and (b) use commercially reasonable
efforts to preserve intact its business and operations and retain present officers. Except as set
forth in Section 6.2 of the Seller’s Disclosure Schedules, during the period from the date of this
Agreement to and through the Closing Date, except as otherwise expressly contemplated by this
Agreement and the Ancillary Agreements, as required by any applicable Law, or as Buyer Ultimate
Parent shall otherwise consent in writing (which consent shall not be unreasonably withheld,
conditioned or delayed), the Seller Parties shall not, and shall cause the Transferred Entities not
to, without limiting the generality of the foregoing, do any of the following with respect to any
of the Transferred Entities, provided, however, that none of the following shall prohibit the
Transferred Entities from maintaining or entering into Surviving PCB Affiliate Arrangements in the
ordinary course of business consistent with past practices:

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     (A) (i) acquire any business that would be included in the Transferred Entities by
merger or consolidation, purchase of substantial assets or equity interests, or by any other
manner, in a transaction or series of related transactions, or enter into any Contract,
letter of intent or similar arrangement (whether or not enforceable) with respect to
the foregoing or (ii) with respect to any Transferred Entity, adopt a plan of complete or
partial liquidation, dissolution, restructuring, recapitalization or other reorganization;

     (B) take any action or enter into any agreement or transaction, or cause any Person to,
directly or indirectly, take any action or enter into any agreement or transaction, that
would prevent, materially delay or impair the consummation of the transactions contemplated
by this Agreement or any of the Ancillary Agreements;

     (C) sell, lease, license (other than ordinary course intellectual property licenses),
transfer, pledge, charge, convey, assign, mortgage or otherwise dispose of any material
properties or assets, tangible or intangible, of any Transferred Entity, other than
inventory in the ordinary course of business and obsolete or non-used assets or rights or as
otherwise permitted by this Section 6.2 or with a fair market value not in excess of
$10,000,000 in the aggregate;

     (D) other than transactions between or among Transferred Entities or between or among
any Seller Party and any Transferred Entity or any of their respective Subsidiaries, issue,
sell, deliver, pledge, charge, transfer, dispose of or encumber (i) any Capital Stock of any
Transferred Entity, or (ii) any Equity Rights in respect of, security convertible into,
exchangeable for or evidencing the right to subscribe for or acquire either any securities
convertible into or exchangeable for, or evidencing the right to subscribe for or acquire,
any shares of the Capital Stock of any Transferred Entity (it being understood that Buyer
Ultimate Parent may withhold its consent for any reason with respect to any such issuance,
sale, delivery, pledge, transfer or disposition to a third party or with respect to any such
Encumbrance);

     (E) amend, cancel, waive, modify or otherwise dispose of or permit to lapse any rights
in any material Intellectual Property used in connection with the PCB Business, other than
such Intellectual Property that is no longer used in connection with the PCB Business;

     (F) except as required by the terms of any Benefit and Compensation Arrangement in
effect as of the date of this Agreement and listed on Section 4.8(a) of the Seller’s
Disclosure Schedules, (i) hire any person to become an Employee or individual independent
contractor of the Transferred Entities with annual compensation in excess of $250,000, (ii)
terminate, adopt or amend any Benefit and Compensation Arrangement, (other than any
amendment, termination or adoption that does not materially impact any of the Employees),
(iii) terminate any Employee with annual compensation in excess of $250,000 (except for
cause) or (iv) grant or agree to grant or accelerate the time of vesting or payment of
awards held by any of the Employees under any Benefit and Compensation Arrangement, and,
with respect to clauses (i) through (ii) of the foregoing, except in the ordinary course of
business consistent with past practices;

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     (G) pay, discharge, settle or satisfy any claims, actions, arbitrations, disputes or
other proceedings (absolute, accrued, asserted or unasserted, contingent or otherwise)
that would result in any Transferred Entity being enjoined except as would not,
individually or in the aggregate, have a Material Adverse Effect;

     (H) except as contemplated by this Agreement or the Ancillary Agreements, amend in any
material respect any provision of Organizational Document of any Transferred Entity or of
any term of any outstanding security issued by any Transferred Entity;

     (I) with respect to Indebtedness that will remain outstanding following the Closing,
incur, assume or guarantee (including by way of any agreement to “keep well” or of any
similar arrangement) or cancel or waive any claims under any Indebtedness or other claims or
rights of substantial value or amend or modify the terms relating to any such Indebtedness,
claims or rights, except for any such incurrences, assumptions or guarantee of Indebtedness
or amendments of the terms of such Indebtedness in the ordinary course of business
consistent with past practices involving an aggregate amount not exceeding $10,000,000;

     (J) make any distribution (whether in cash, stock, Equity Rights or property) or
declare, pay or set aside any dividend with respect to, or split, combine, redeem,
reclassify, purchase or otherwise acquire directly, or indirectly, any Capital Stock of any
of the Transferred Entities or make any other changes in the capital structure of any of the
Transferred Entities; or

     (K) authorize or enter into any Contract or commitment with respect to any of the
foregoing.

     Section 6.3 Conduct of Business of Buyer Ultimate Parent. Except as
set forth in Section 6.3 of the Buyer’s Disclosure Schedules, during the period
from the date of this Agreement to and through the earlier of the Closing Date and the termination
of this Agreement in accordance with its terms, except as otherwise contemplated by this Agreement,
as required by any applicable Law or as Seller Parent shall otherwise consent in writing (which
consent shall not be unreasonably withheld, conditioned or delayed), Buyer Ultimate Parent shall
(a) conduct its businesses in the ordinary course of business in all material respects consistent
with past practice and (b) use commercially reasonable efforts to preserve intact its business and
operations and retain present officers. Except as set forth in Section 6.3 of the Buyer’s
Disclosure Schedules, during the period from the date of this Agreement to and through the Closing
Date, except as otherwise contemplated by this Agreement, as required by any applicable Law or as
Seller Parent shall otherwise consent in writing (which consent shall not be unreasonably withheld,
conditioned or delayed), Buyer Ultimate Parent shall not, and shall cause its Controlled Affiliates
not to do, without limiting the generality of the foregoing, any of the following:

     (A) (i) acquire any business by merger or consolidation, purchase of substantial assets
or equity interests, or by any other manner, in a transaction or series of related
transactions, or enter into any Contract, letter of intent or similar arrangement

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(whether or not enforceable) with respect to the foregoing or (ii) adopt a plan of complete or
partial liquidation, dissolution, restructuring, recapitalization or other reorganization;

     (B) take any action or enter into any agreement or transaction, or cause any Person to,
directly or indirectly, take any action or enter into any agreement or transaction, that
would prevent, materially delay or impair the consummation of the transactions contemplated
by this Agreement or any of the Ancillary Agreements;

     (C) sell, lease, license (other than ordinary course intellectual property licenses),
transfer, pledge, charge, convey, assign, mortgage or otherwise dispose of any material
properties or assets, tangible or intangible, of the Buyer Ultimate Parent or any of its
Subsidiaries, other than obsolete or non-used assets or rights or as otherwise permitted by
this Section 6.2 or with a fair market value not in excess of $10,000,000 in the aggregate,
provided, however, that the Buyer Ultimate Parent and its Subsidiaries shall be permitted to
sell its Redmond, Washington; Dallas, Oregon; Hayward, California; and Los Angeles,
California production facilities;

     (D) other than (i) transactions between or among the Buyer Ultimate Parent or any of
its Subsidiaries (ii) issuance of Equity Rights relating to 1,000,000 shares of Buyer
Ultimate Parent Common Stock to Buyer Employees under a Buyer Benefit and Compensation
Arrangement in the ordinary course of business consistent with past practice (iii) issuance
of Buyer Ultimate Parent Common Stock in the ordinary course of business consistent with
past practice, upon the exercise of Equity Rights issued to Buyer Employees under a Buyer
Benefit and Compensation Arrangement on their normal vesting date and in accordance with the
terms of ordinary issuance (and not as a result of any acceleration or vesting thereof),
(iv) issuance of Capital Stock of Buyer Ultimate Parent upon the conversion of Buyer
Ultimate Parent’s convertible indebtedness outstanding as of the date hereof and pursuant to
and in accordance with their existing terms as set forth in the Buyer Ultimate Parent SEC
Reports as of the date hereof, and (v) issuance of Capital Stock with the prior approval of
Seller Parent (such approval not to be unreasonably withheld or delayed; provided,
however, that in no circumstances shall Seller Parent be obligated to approve any issuance
of Capital Stock at below market value), issue, sell, deliver, pledge, charge, transfer,
dispose of or encumber (x) any Capital Stock of Buyer Ultimate Parent or any of its
Controlled Affiliates, or (y) any Equity Rights in respect of, security convertible into,
exchangeable for or evidencing the right to subscribe for or acquire either any securities
convertible into or exchangeable for, or evidencing the right to subscribe for or acquire,
any shares of the Capital Stock of the Buyer Ultimate Parent or any of its Controlled
Affiliates (it being understood that Seller Parent may withhold its consent for any reason
with respect to any such issuance, sale, delivery, pledge, transfer or disposition to a
third party or with respect to any such Encumbrance);

     (E) amend, cancel, waive, modify or otherwise dispose of or permit to lapse any rights
in any material Intellectual Property held by the Buyer Ultimate Parent or any of its
Controlled Affiliates;

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     (F) except as required by the terms of any Buyer Benefit and Compensation Arrangement
in effect as of the date of this Agreement and listed on Section 5.24(a) of the Buyer’s
Disclosure Schedules, (i) hire any person to become an Buyer Employee or individual
independent contractor of the Buyer Ultimate Parent or any of its Subsidiaries
with annual compensation in excess of $250,000, (ii) terminate, adopt or amend any
Buyer Benefit and Compensation Arrangement, (iii) terminate any Buyer Employee with annual
compensation in excess of $250,000 (except for cause) or (iv) grant or agree to grant or
accelerate, or cause an acceleration of, through the time of vesting or payment of awards
held by any of the Buyer Employees under any Buyer Benefit and Compensation Arrangement,
and, with respect to clauses (i) through (ii) of the foregoing, except in the ordinary
course of business consistent with past practices;

     (G) pay, discharge, settle or satisfy any claims, actions, arbitrations, disputes or
other proceedings (absolute, accrued, asserted or unasserted, contingent or otherwise)
resulting in any of Buyer Ultimate Parent of any of its Controlled Affiliates being
enjoined, except as would not, individually or in the aggregate, have a Buyer Material
Adverse Effect;

     (H) except as contemplated by this Agreement or the Ancillary Agreements, or as
required by a Special Security Agreement or any other FOCI mitigation agreement or measure,
amend in any material respect any provision of Organizational Document of any of Buyer
Ultimate Parent or its Controlled Affiliates or of any term of any outstanding security
issued by any of Buyer Ultimate Parent or its Controlled Affiliates;

     (I) with respect to Indebtedness, incur, assume or guarantee (including by way of any
agreement to “keep well” or of any similar arrangement) or cancel or waive any claims under
any Indebtedness or other claims or rights of substantial value or amend or modify the terms
relating to any such Indebtedness, claims or rights, except for any such incurrences,
assumptions or guarantee of Indebtedness or amendments of the terms of such Indebtedness in
the ordinary course of business consistent with past practices involving an aggregate amount
not exceeding $10,000,000;

     (J) make any distribution (whether in cash, stock, Equity Rights or property) or
declare, pay or set aside any dividend with respect to, or split, combine, redeem,
reclassify, purchase or otherwise acquire directly, or indirectly, any Capital Stock of
Buyer Ultimate Parent or make any other changes in the capital structure of Buyer Ultimate
Parent; or

     (K) authorize or enter into any Contract or commitment with respect to any of the
foregoing.

     Section 6.4 Reasonable Best Efforts.

     (a) (i) Except where a different threshold of efforts is expressly provided in this
Agreement (in which case, such different threshold of efforts shall apply), each of the Seller
Parties and the Buyer Parties shall cooperate and shall, and the Seller Parties shall cause each
of the Transferred Entities to, and Buyer Ultimate Parent shall cause each of its Controlled

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Affiliates to, use their respective reasonable best efforts to take or cause to be taken all
actions, and do or cause to be done all things, reasonably necessary, proper or advisable on
their respective parts under this Agreement and applicable Laws to consummate and make effective
the transactions contemplated by this Agreement as promptly as reasonably
practicable, including, (x) preparing and filing as promptly as reasonably practicable all
documentation to effect all necessary notices, reports and other filings and to obtain as
promptly as reasonably practicable all consents, registrations, approvals, waivers, orders,
interpretive guidance, exemptions, permits and authorizations necessary or advisable to be
obtained from any third party and/or any Government Entity in order to consummate the
transactions contemplated by this Agreement, and (y) taking all actions reasonably necessary in
order to comply with or satisfy the requirements of any applicable Law or other requirements of
any Government Entity that would prevent the consummation of the transactions contemplated by
this Agreement by the Termination Date; provided, however, that the Seller
Parties and the Buyer Parties shall not, and the Seller Parties shall cause each of the
Transferred Entities not to, and Buyer Ultimate Parent shall cause each of its Controlled
Affiliates not to, make any filing for any such notice, report or filing in respect of consents,
registrations, approvals, waivers, orders, interpretive guidance, exemptions, permits and
authorizations with respect to any antitrust or merger or NISPOM or CFIUS filings, or initiate
any communications with any Government Entity with respect to any antitrust or merger or NISPOM
or CFIUS filings, without first consulting with the other Parties in order to give the Parties a
reasonable opportunity to comment on the content of antitrust or merger or NISPOM or CFIUS
filings relevant to the transaction contemplated under this Agreements in order to present the
best case for unconditional clearance of the transaction before a merger filing is submitted to
a Government Entity. Without limiting the generality of the foregoing, each of the Seller
Parties and the Buyer Parties shall, and the Seller Parties shall cause each of the Transferred
Entities to, and Buyer Ultimate Parent shall cause each of its Controlled Affiliates to, make as
promptly as reasonably practicable all filings and submissions required under any applicable Law
in connection with this Agreement and the transactions contemplated by this Agreement, and file
promptly any additional information requested under any applicable Law in connection with this
Agreement and the transactions contemplated by this Agreement, after receipt of the request
therefor.

               (ii) Notwithstanding the obligations in this Section 6.4 to the contrary, in connection with
obtaining the approval of any Government Entity to the Closing, none of the Buyer Parties or any of
their Affiliates and none of the Seller Parties or any of their Affiliates shall be required to (A)
sell, divest, hold separate, or otherwise dispose of any of its or their respective businesses,
properties or assets, (B) conduct its or their businesses in a specified manner or (C) agree to
take any of the actions set forth in clause (A) or (B) above that would, in the case of the Buyer
Parties, result in any Buyer Regulatory Impediments or, in the case of the Seller Parties, result
in any Seller Regulatory Impediments.

               (iii) If the Parties become aware of the existence of an approval of a Government Entity or
any Law that is reasonably expected to prevent the Closing they shall consult and reasonably
cooperate with one another in connection with determining a mutually acceptable manner of dealing
with any related Property and assets, and, subject to the standards

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set forth in (ii) above, take
all reasonable action in connection therewith, including by agreeing on appropriate risk sharing.

     (b) In furtherance of, but without limitation of, Section 6.4(a), as promptly as
practicable after the date hereof: (i) each of Buyer Ultimate Parent and Seller Parent shall, to
the extent required, prepare and file Notification and Report Forms under the HSR Act with
the Unites States Federal Trade Commission and the Antitrust Division of the United States
Department of Justice (and shall file as promptly as practicable after the date hereof each form
and report required by the antitrust and competition authorities in the jurisdictions listed in
Section 6.4(b)(i) of the Seller’s Disclosure Schedules) and provide all supplemental information
in connection therewith pursuant to the HSR Act; (ii) Buyer Ultimate Parent and Seller Parent
shall submit a joint filing to CFIUS, and promptly respond to any requests for supplemental
information that CFIUS may make, pursuant to Section 721 of the DPA and the applicable
regulations thereto with regard to the Purchase and the other transactions contemplated by this
Agreement; and (iii) Buyer Ultimate Parent and Seller Parent shall enter into negotiations with
DSS and other Government Entities that may have equities in the transaction regarding mitigation
of FOCI through a Special Security Agreement or similar FOCI-mitigation measure or other
appropriate measure to address any U.S. national security concerns.

     (c) The Seller Parties, on the one hand, and the Buyer Parties, on the other hand, shall,
upon request by the other, furnish the other with all information concerning itself, its
Subsidiaries, Affiliates, directors, officers and shareholders and such other matters as may be
reasonably necessary or advisable in connection with the preparation of any registration
statement, proxy or information statement or any other statement or circular (including, without
limitation, the Form S-4, the Proxy Statement, the Circular and any announcement or
documents to be posted to Seller Parent Shareholders), filing, notice or application made to any
third party and/or any Government Entity in connection with the transactions contemplated by
this Agreement (including, without limitation, all filing, notice or application that may be
required by the Hong Kong Exchange, the Hong Kong SFC, the Hong Kong Listing Rules and the Hong
Kong Merger Regulation and all other applicable Laws).

     (d) Except as prohibited by applicable Law or any Government Entity, the Seller Parties, on
the one hand, and the Buyer Parties, on the other hand, shall keep each other apprised of the
status of matters relating to completion of the transactions contemplated by this Agreement,
including promptly furnishing the others with copies of notices or other communications received
by such Party, or any of its Affiliates, from any third party and/or any Government Entity with
respect to the transactions contemplated by this Agreement, except, in the case of the Seller
Parties, the Seller Parties may redact any portion of such notices or other communications
related to any business of the Seller Parties and their Affiliates other than those conducted by
the Transferred Entities. None of the Seller Parties, on the one hand, or the Buyer Parties, on
the other hand, shall permit any of their respective officers or any other Representatives or
agents to participate in any meeting with any Government Entity in respect of any filings,
investigation or other inquiry relating to the transactions contemplated by this Agreement
unless it gives prior notice and consults with

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the other Parties in advance and, to the extent
permitted by such Government Entity and not unduly prejudicial to the party requested by such
Government Entity to meet, gives the other Parties the opportunity to attend and participate
thereat. The Parties shall reasonably cooperate with one another in connection with any
analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made
or submitted by or on behalf of any Party in connection with all meetings, actions and
proceedings under or relating to any Laws in connection with the transactions contemplated by
this Agreement (including, with
respect to making a particular filing, by providing copies of all such documents to the
non-filing party and their Representatives prior to filing and, if requested, giving due
consideration to all reasonable additions, deletions or changes suggested in connection
therewith, except in each case that the Seller Parties shall not be so required to the extent
that any of the foregoing related to any business of the Seller Parties and their Affiliates
other than those conducted by the Transferred Entities. The Seller Parties, on the one hand,
and the Buyer Parties, on the other hand, will also consult with the others of them on a
reasonably frequent basis with respect to material matters arising in connection with the
foregoing filings and their interactions and discussions with the relevant Government Entities.

     Section 6.5 Tax Matters.

     (a) Tax Returns.

               (i) Seller Parent shall prepare or cause to be prepared all Tax Returns that are required to
be filed after the Closing Date by or with respect to all Transferred Entities for taxable years or
periods ending on or before the Closing Date. Such Tax Returns shall be prepared in a manner
consistent with Seller Parent’s past practice in respect of the Transferred Entities. Seller Parent
shall remit any Tax Returns described in the preceding sentence together with all documentation
upon which such Tax Returns are based to Buyer Ultimate Parent not later than 45 Business Days
before the applicable due date (including extensions) of such Tax Returns for its review and
comment, which Buyer Ultimate Parent shall complete not later than 30 Business Days before the
applicable due date of such Tax Returns, provided however, in each case that it is not impractical
to do so. If, upon expiration of Buyer Ultimate Parent’s period of review set forth in the
preceding sentence, the parties disagree as to any item reflected on such Tax Return, Seller
Parent’s original proposal shall become final, provided that if Buyer Ultimate Parent reasonably
believes that, (x) in the case of an item in a Tax Return being made for U.S. Tax purposes such
item is not supported by “substantial authority” (as defined in Treasury Regulation Section
1.6662-4(d)(2)); or (y) in all other cases such item is not supported by sufficient authority for a
filing to be made in the appropriate jurisdiction without risk of penalty under the relevant Tax
Law, the item shall be submitted for resolution pursuant to the procedures set forth in Section
6.5(a)(ii). Buyer Ultimate Parent shall file or cause the Transferred Entities to or cause to be
filed when due all such Tax Returns and pay or cause to be paid the Taxes shown to be due thereon
to the appropriate Tax authorities. With respect to Tax Returns described in this Section
6.5(a)(i), and subject to the limitations set forth in this Section 6.5(a) Buyer Ultimate Parent
shall cooperate with Seller Parent in filing such Tax Returns, including causing the Transferred
Entities to sign and file such Tax Returns, provided that such cooperation shall not include the
taking, or causing to be taken, any action inconsistent with, or in violation of, Law.

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               (ii) Buyer Ultimate Parent shall prepare and file or cause to be prepared and filed when due
all Tax Returns that are required to be filed by or with respect to all Transferred Entities for
taxable years or periods beginning and ending after the Closing Date and shall cause the
Transferred Entities to remit any Taxes due in respect of such Tax Returns. With respect to Tax
Returns in respect of taxable years or periods beginning before the Closing Date and ending after
the Closing Date, Buyer Ultimate Parent shall prepare and file or cause to be prepared and filed
such Tax Returns in a manner consistent with Seller Parent’s past practice in respect of the
Transferred Entities, to the extent such past practice is not clearly inconsistent with Law, and
Buyer Ultimate Parent shall remit any Tax Returns described in the preceding sentence to
Seller Parent not later than 45 Business Days before the applicable due date (including extensions)
of such Tax Returns for its review and approval (not to be unreasonably withheld or delayed) not
later than 30 Business Days before the applicable due date of such Tax Returns. If, upon expiration
of Seller Parent’s period of review set forth in the preceding sentence, the parties disagree as to
any item for which Seller Parent’s approval is required, the parties shall promptly submit the item
to a mutually acceptable internationally recognized accounting or law firm for final resolution,
such resolution to be completed (where possible) five days prior to the applicable due date
(including extensions) for filing such Tax Return. The determination of such accounting or law firm
shall be binding upon the parties.

     (b) Transfer Taxes.

               (i) All U.S. federal, state, provincial, local or foreign or other excise, sales, use,
transfer (including real property transfer or gains Taxes, but excluding nonresident capital gains
and similar Taxes), stamp, documentary, filing, recordation and other similar taxes and fees that
may be imposed or assessed as a result of the transactions contemplated by this Agreement, together
with any interest, additions or penalties with respect thereto and any interest in respect of such
additions or penalties (“Transfer Taxes”), shall be borne by Buyer Ultimate Parent, to the
extent they relate to the Transferred Equity Interests, on the one hand, by the Seller Parties, to
the extent they relate to the issuance of the Equity Consideration, on the other hand. Any Tax
Returns that must be filed in connection with Transfer Taxes shall be prepared by the party
primarily or customarily responsible under Applicable Local Law for filing such Tax Returns, and
such Party shall use its reasonable best efforts to provide such Tax Returns to the other Party at
least 10 Business Days prior to the date such Tax Returns are due to be filed. The Parties shall
cooperate in the timely completion and filing of all such Tax Returns. Any Transfer Taxes resulting
from any subsequent increase in the Purchase Price, as adjusted pursuant to the terms of this
Agreement, shall be borne in accordance with the provisions of this Section 6.5(b).

     (c) Tax Sharing Agreements. Prior to the Closing, Seller Parent and its Affiliates
shall terminate all Contracts (if any) with respect to any of the Transferred Entities relating
to sharing, allocation or indemnification of Taxes (other than this Agreement or any other such
Contract to which only Transferred Entities are parties), and after the Closing Date, no
Transferred Entity shall have any rights or obligations under any such agreement or arrangement
or other similar Contract.

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     (d) Purchase Price Allocation.

               (i) The Parties agree to allocate the Purchase Price among the Transferred Entities, and with
respect to each Transferred Entity among its assets, for all Tax purposes in accordance with this
Section 6.5(d). None of the Seller Parties or the Buyer Parties (nor any of their respective
Affiliates (including in the case of the Buyer Parties following the Closing, the Transferred
Entities)) shall file any Tax Return or take a position with a Government Entity that is
inconsistent with the allocation as determined below (the “Allocation”), including any
amendments, except as provided in a “determination” (within the meaning of Section 1313(a)
of the Code or any similar state, local or foreign Tax provision).

               (ii) Buyer Ultimate Parent shall present a draft of the allocation (the “Proposed
Allocation”) to Seller Parent for review within 90 days after the date hereof. Except as
provided in subparagraphs (A) and (B) below, at the close of business on the date of Closing, the
Proposed Allocation shall become binding upon the Parties and shall be the Allocation.

     (A) Seller Parent shall consent to the Proposed Allocation, or raise any objection to
the Proposed Allocation, in writing within 30 days of the delivery of the Proposed
Allocation. If Seller Parent presents an objection to any part of the Proposed Allocation
within such time period, Buyer Ultimate Parent and Seller Parent shall negotiate in good
faith to resolve any such objection within 30 days after delivery of any such objection by
Seller Parent. If, after consideration of such objections of Seller Parent, Buyer Ultimate
Parent and Seller Parent reach written agreement amending the Proposed Allocation, the
Proposed Allocation, as amended by such written agreement, shall become binding upon the
Parties and their Affiliates (including, in the case of the Buyer Parties following the
Closing, the Transferred Entities) and shall be the Allocation.

     (B) If Buyer Ultimate Parent and Seller Parent cannot resolve any objection raised by
Seller Parent with respect to the Proposed Allocation within the 30-day time limit set forth
in paragraph (A), the parties shall promptly submit the item to a mutually acceptable
internationally recognized appraisal accounting or law firm for final resolution, such
resolution to be reflected in the Allocation.

     (C) Subject to the foregoing paragraphs (A) and (B), the Cash Purchase Price and the
Equity Consideration shall be allocated to each of the Transferred Entities in a manner
consistent with (A) foregoing paragraphs or (B) hereof, a Schedule which shall be prepared
by Buyer Ultimate Parent and furnished to Seller Parent for Seller Parent’s consent within
15 days following final resolution of the allocation hereunder, such consent by Seller
Parent not to be unreasonably withheld.

     (e) Buyer Ultimate Parent’s Claiming, Receiving or Using of Refunds and
Overpayments. If, after the Closing Date, Buyer Ultimate Parent or any of its Affiliates
receives any refund or utilizes the benefit of any overpayment or prepayment of Taxes which, in
each case, relate to a Tax paid by Seller Parent or any of its Affiliates, Buyer Ultimate Parent
shall promptly transfer, or cause to be transferred, to Seller Parent the entire amount of such
refund or benefit net of any Tax cost or detriment suffered by Buyer Ultimate Parent or any of
its Affiliates (by way of increased Taxes, decreased deductions, or

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otherwise) in respect of such receipt; provided, however, that Buyer Ultimate Parent’s obligation under
this Section 6.5(e) shall be limited to the amount of the (x) Tax paid by Seller Parent or any
of its Affiliates or (y) Indirect Tax so taken into account, in each case net of any such Tax
cost or detriment.

     (f) Assistance and Cooperation.

               (i) After the Closing Date, Seller Parent, on the one hand, and Buyer Ultimate Parent, on the
other hand, shall reasonably cooperate with the other Party in preparing for any audits of, or
disputes with Government Entities regarding any Tax Returns and payments in respect thereof arising
from or relating to the transaction contemplated under this Agreement.
Seller Parent, on the one hand, and Buyer Ultimate Parent, on the other hand, shall (A)
provide timely notice to the other Party in writing of any pending or proposed audits or
assessments with respect to Taxes arising from or relating to the transactions contemplated under
this Agreement and (B) furnish the other party with copies of all relevant correspondence received
from any Government Entities in connection with any audit or information request with respect to
any Taxes referred to in (A). Additionally, after the Closing Date, Buyer Ultimate Parent shall
reasonably cooperate with Seller Parent’s reasonable request for information with respect to Seller
Parent’s right to receive the Tax benefits that are set forth in Section 6.5(e).

               (ii) Seller Parent and Seller shall, and shall procure that each of their Affiliates shall,
provide Buyer Ultimate Parent or its Representatives with access to and (at the reasonable cost of
Buyer Ultimate Parent, such cost not to include manager time incurred by Seller Parent or any of
its Affiliates) copies of such Books and Records under the control of Seller Parent, Seller or
their Affiliates as Buyer Ultimate Parent reasonably requires in connection with the Tax affairs
(including, without limitation, the preparation of Tax Returns) of Buyer or any of its Affiliates.

     (g) Maintenance of Buyer’s Books and Records. Any other provision of this Agreement
notwithstanding, (i) until the applicable statute of limitations (including periods of waiver)
has run for any Tax Returns filed or required to be filed covering the periods up to and
including the Closing Date, Buyer Ultimate Parent shall, and shall cause the Transferred
Entities to, retain all of the Books and Records and any other documents relating to Taxes with
respect to the Transferred Entities for periods on or before the Closing Date, which Books and
Records and other documents were in existence on the Closing Date, (ii) after the Closing Date,
Buyer Ultimate Parent shall provide Seller Parent with access to such Books and Records and such
other documents for inspection by Seller Parent or any of its Representatives upon reasonable
request and upon reasonable notice, and (iii) prior to the expiration of the period specified in
clause (i) above, Seller Parent may request that Buyer Ultimate Parent transfer such Books and
Records, or copies thereof, to Seller Parent promptly after the later to occur of (x) the
expiration of the period specified in clause (i) above and (y) the date upon which the internal
recordkeeping requirements of the Buyer Ultimate Parent or the relevant Transferred Entity would
otherwise provide for the destruction of such Books and Records, any costs of transferring or
copying such Books and Records and such other documents to be paid by Seller Parent;
provided, however, that, in each case, Seller Parent shall not be entitled to
access any Tax Returns of Buyer Ultimate Parent, and Seller Parent shall not be allowed to
access any information that Buyer Ultimate Parent, in its sole discretion, deems to be
confidential.

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     (h) Section 338 Election. The parties acknowledge and agree that Buyer Ultimate
Parent may, at its discretion, make the election provided under Code Section 338(g) with respect
to any of the Transferred Entities.

     Section 6.6 Ancillary Agreements. Each of the Parties agrees to execute and deliver, or cause their appropriate Affiliates
that are parties thereto to execute and deliver, prior to the Closing, each Ancillary Agreement to
which it or he is a party, in each case in all material respects in the form attached hereto, with
such changes as to which the parties thereto shall mutually agree.

     Section 6.7 Insurance. Following the Closing Date, the Transferred Entities shall no longer be insured under any
insurance policy of Seller Parent or any of its Affiliates.

     Section 6.8 Seller Parent Shareholder Approval.

     (a) Seller Parent shall prepare and submit to the Hong Kong Exchange and Hong Kong
Executive, as promptly as reasonably practicable after the date of this Agreement, subject to
prompt provision of information by Buyer Ultimate Parent and its Controlled Affiliates as set
forth below), a draft of a circular together with a notice of general meeting relating to and
for the purposes of convening the Seller Parent Shareholders Meeting and any documents,
supplements, or announcements in connection with the circular (collectively, the
“Circular”) for approval by the Hong Kong Exchange and the Hong Kong Executive
respectively, together with all other documents required to be lodged with the Hong Kong
Exchange and the Hong Kong Executive and shall seek Hong Kong Exchange and Hong Kong Executive
approval of such Circular. Buyer Ultimate Parent agrees to promptly provide such information to
Seller Parent concerning the Buyer Parties and their Affiliates (including successive drafts of,
filings and amendments to the Form S-4 and Proxy Statement) as may be reasonably required by
Seller Parent for the purposes of the preparation of the Circular and any required supplement or
amendment thereto. Seller Parent shall notify Buyer Ultimate Parent promptly of the receipt by
it of any comments from the Hong Kong Exchange and/or the Hong Kong Executive and of requests by
the Hong Kong Exchange and/or the Hong Kong Executive for amendments or supplements to the
Circular or for additional information and will supply Buyer Ultimate Parent with copies of all
correspondence between Seller Parent and its advisers on the one hand and the Hong Kong Exchange
and the Hong Kong Executive on the other hand with respect to the Circular, provided that Seller
Parent may redact any portion of such communications related to any business of the Seller
Parties and their Affiliates other than those conducted by the Transferred Entities. The Buyer
Parties shall cooperate in the preparation of the Circular and shall promptly provide to Seller
Parties all information regarding the Buyer Ultimate Parent and its Subsidiaries (including, but
not limited to, all financial statements and other information relating to the Buyer Ultimate
Parent and its Subsidiaries which may be required by the Hong Kong Exchange, the Hong Kong SFC
and all other applicable Laws (including, without limitation, the Hong Kong Listing Rules and
the Hong Kong Merger Regulation and the Companies Law (2009 Revision) of the Cayman Islands) and
in the form so required) that is reasonably required in connection with the preparation and
issue of the Circular and any amendment or supplement thereto. Prior to such submission of the
Circular (and any supplement or amendment thereto) and all responses to the Hong Kong Exchange
and Hong

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Kong Executive, Seller Parent shall cooperate and provide Buyer Ultimate Parent and its
legal counsel with a reasonable opportunity to review and comment on any summary of or reference
to this Agreement and the transactions contemplated hereby, any Buyer Party or any Affiliates of
a Buyer Party in the form and context in which any such reference appears and shall give
reasonable consideration to any comments Buyer Ultimate Parent may provide. Subject to the
foregoing, Seller Parent shall use its reasonable best efforts to have the Circular (and any
supplement or amendment thereto) approved by the Hong Kong Exchange and Hong Kong Executive (as
required) as promptly as reasonably practicable.

     (b) Seller Parent agrees that the Circular and any amendments or supplements thereto (i)
shall comply in all material respects with Seller Parent’s memorandum and articles of
association, the applicable listing and corporate governance rules and regulations of the Hong
Kong Exchange and the Hong Kong SFC and all other applicable Laws (including, without
limitation, the Hong Kong Listing Rules and the Hong Kong Merger Regulation and the Companies
Law (2009 Revision) of the Cayman Islands) and (ii) shall not, at the time of posting to holders
of Seller Parent Shares, contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading, provided that
this covenant does not apply with respect to statements made or incorporated by reference in the
Circular based on information supplied by or on behalf of any of the Buyer Parties or any of
their respective Affiliates.

     (c) The Buyer Parties agree that none of the information supplied or to be supplied by or
on behalf of the Buyer Parties or their respective Affiliates for inclusion or incorporation by
reference in the Circular shall, at the time of posting to the holders of Seller Parent Shares,
contain an untrue statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading. If any event occurs with respect to any of the Buyer
Ultimate Parent or any of its Controlled Affiliates, or any change occurs with respect to other
information supplied by the Buyer Parties for inclusion in Circular, which is required to be
described in an amendment of, or a supplement to, the Circular, the Buyer Parties shall promptly
notify Seller Parent of such event, and the Seller Parties and the Buyer Parties shall cooperate
in the prompt filing with the Hong Kong Exchange and Hong Kong SFC of any necessary amendment or
supplement to the Circular and, as required by Law, in disseminating the information contained
in such amendment or supplement to the holders of Seller Parent Shares.

     (d) Seller Parent shall, subject to its final approval by the Hong Kong Exchange and as
soon as reasonably practicable after such Hong Kong Exchange approval, post the Circular to the
holders of Seller Parent Shares to convene a general meeting of the holders of Seller Parent
Shares at which the resolutions referred to in Section 3.3 (Corporate Authority) (the
“Resolutions”) will be proposed or any adjournment or postponement thereof (the
“Seller Parent Shareholders Meeting”). Seller Parent shall use commercially reasonable
efforts to convene the Seller Parent Shareholders Meeting on the date set forth in the Circular.
In relation to Seller Parent Shareholders Meeting and the conduct of business thereat, Seller
Parent shall comply with its memorandum and articles of association and

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applicable Law and provide that the vote on each of the Resolutions is taken by way of a poll.

     (e) Seller Parent shall include in the Circular (and any supplement or amendment thereto)
the recommendation of the board of directors (other than the Independent Non-Executive
Directors, and subject to the fiduciary duties of such directors) of Seller Parent that the
holders of Seller Parent Shares vote to approve the Resolutions.

     Section 6.9 Buyer Ultimate Parent Special Meeting; Form S-4; Proxy Statement.

     (a) Buyer Ultimate Parent shall, in accordance with applicable Law and Buyer Ultimate
Parents Organizational Documents, take the following actions:

               (i) Buyer Ultimate Parent shall cause a special meeting of the holders of Buyer Ultimate
Parent Common Stock (the “Buyer Ultimate Parent Special Meeting”) to be duly called,
noticed and held as promptly as practicable after the date of this Agreement for the purpose of
voting on the approval of the Share Issuance. Buyer Ultimate Parent shall use commercially
reasonable efforts to convene the Buyer Ultimate Parent Special Meeting on the date set forth in
the Proxy Statement (as defined below). In relation to the Buyer Ultimate Parent Special Meeting
and the conduct of business thereat, Buyer Ultimate Parent shall comply with its certificate of
incorporation, bylaws and applicable Law.

               (ii) Buyer Ultimate Parent shall prepare and file with the SEC, as promptly as practicable
after the date of this Agreement (taking into account the timing of the delivery by Seller Parent
to Buyer Ultimate Parent of all necessary historical and pro forma financial statements of and
other information concerning the Seller Parties, the Transferred Entities, and the PCB Business, as
set forth below), the Form S-4, in which a proxy statement relating to the solicitation of proxies
from the holders of Buyer Ultimate Parent Common Stock for approval of the Share Issuance (the
“Proxy Statement”) will be included as a prospectus, and shall use its reasonable best
efforts to have the Form S-4 declared effective under the Securities Act as promptly as reasonably
practicable after such filing. Buyer Ultimate Parent shall include in the Proxy Statement (and any
supplement or amendment thereto) the recommendation of the board of directors of Buyer Ultimate
Parent (subject to the fiduciary duties of such directors) that the holders of Buyer Ultimate
Parent Common Stock vote to approve the Share Issuance and shall use its reasonable best efforts to
solicit proxies from its shareholders to obtain the Buyer Ultimate Parent Requisite Vote. The
Buyer Ultimate Parent will provide to Seller Parent, at its own cost, such number of the prospectus
contained in the Form S-4 as the Seller Parties may reasonably requires in connection with
distribution of materials to the holders of Seller Parent Shares for the Seller Parent Shareholders
Meeting.

     (b) The Seller Parties shall cooperate in the preparation of the Form S-4 and the Proxy
Statement and shall promptly provide to Buyer Ultimate Parent all information regarding the
Seller Parties or any of their respective Affiliates (including, but not limited to, all
historical and pro forma financial statements of and other information relating to the Seller
Parties, the Transferred Entities and the PCB Business which may be required pursuant to Form
S-4, the Securities Act, the Exchange Act, Regulation S-K or Regulation S-X) that is

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reasonably required in connection with the preparation and filing of the Form S-4 and the distribution of
the Proxy Statement and any amendment or supplement thereto.

     (c) Buyer Ultimate Parent shall promptly notify Seller Parent of the receipt of any
comments of the SEC with respect to the Form S-4 and the Proxy Statement and of any request by
the SEC for any amendment or supplement thereto or for additional information and shall promptly
provide Seller Parent with copies of all correspondence between Buyer Ultimate Parent or any of
its Representatives and the SEC with respect to the Form S-4 and the Proxy Statement. Seller
Parent and Buyer Ultimate Parent shall each use their reasonable
best efforts to promptly provide responses to the SEC with respect to all comments of the
SEC received on the Form S-4 and the Proxy Statement, and Buyer Ultimate Parent shall cause the
definitive Proxy Statement to be filed with the SEC and mailed, or made available pursuant to
Rule 14a-16 under the Exchange Act, to holders of Buyer Ultimate Parent Common Stock as promptly
as possible after the date on which the Form S-4 is declared effective by the SEC under the
Securities Act. Buyer Ultimate Parent shall advise Seller Parent, promptly after receipt of
notice thereof, of the time of effectiveness of the Form S-4, the issuance of any stop order
relating thereto or the suspension of the qualification of the Equity Consideration for offering
or sale in any jurisdiction, and each of Buyer Ultimate Parent and Seller Parent shall use their
reasonable best efforts to have any such stop order or suspension lifted, reversed or otherwise
terminated. Prior to the submission of the Form S-4 and the Proxy Statement (and any supplement
or amendment thereto) and all responses to the SEC, Buyer Ultimate Parent shall cooperate and
provide the Seller Parties and their legal counsel with a reasonable opportunity to review and
comments on any summary of or reference to this Agreement and the transactions contemplated
hereby any of Seller Party or any of its Affiliates in the form and context in which any such
reference appears and shall give reasonable consideration to any comments the Seller Parties may
provide. None of the Form S-4 and the Proxy Statement (or any supplement or amendment thereto)
will be filed or disseminated without the approval of the Seller Parties, such approval not to
be unreasonably withheld or delayed. Subject to the foregoing, Buyer Ultimate Parent shall use
its reasonable best efforts to have the comments of the SEC on the Form S-4 and Proxy Statement
(and any supplement or amendment thereto) addressed to the satisfaction of the SEC, and the
definitive Proxy Statement filed and Form S-4 declared effective, in each case as promptly as
reasonably practicable.

     (d) Buyer Ultimate Parent agrees that the Form S-4 and any amendment or supplement thereto
(i) shall comply in all material respects with the Buyer Ultimate Parent’s certificate of
incorporation and by-laws, (ii) shall comply in all material respects with the applicable
provisions of the Securities Act and the listing rules of NASDAQ and (iii) shall not, at the
time the Form S-4 or any amendment or supplement thereto is declared effective under the
Securities Act or its time of first use, contain any untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary in order to make the
statements therein not misleading, provided that this covenant does not apply with respect to
statements made or incorporated by reference therein based on information supplied by or on
behalf of any of the Seller Parties or any of their respective Affiliates. Buyer Ultimate Parent
agrees, as to itself and its Subsidiaries, that the Proxy Statement and any amendment or
supplement thereto (i) shall comply in all material respects with the

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applicable provisions of the Exchange Act and the rules and regulations thereunder and (ii) shall not, at the time of
mailing (or availability pursuant to Rule 14a-16 under the Exchange Act) of the Proxy Statement
or any amendments or supplements thereto to the holders of Buyer Ultimate Parent Common Stock
and at the time of the Buyer Ultimate Parent Special Meeting, contain any untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which they were made,
not misleading, provided that this covenant does not apply with respect to statements made or
incorporated by reference therein based on information supplied by or on behalf of any of the
Seller Parties or any of their respective Affiliates. If any event occurs with respect to any of
the Buyer Parties, or any change occurs
with respect to other information supplied by the Buyer Parties for inclusion in the Form
S-4 or the Proxy Statement, which is required to be described in an amendment of, or a
supplement to, the Form S-4 or the Proxy Statement, Buyer Ultimate Parent shall promptly notify
Seller Parent of such event, and the Seller Parties and the Buyer Parties shall cooperate in the
prompt filing with the SEC of any necessary amendment or supplement to the Form S-4 or the Proxy
Statement and, as required by Law, in disseminating the information contained in such amendment
or supplement to the holders of Buyer Ultimate Parent Common Stock.

     (e) The Seller Parties agree that none of the information supplied or to be supplied by or
on behalf of the Seller Parties or their respective Affiliates for inclusion or incorporation by
reference in the Form S-4 shall, at the time the Form S-4 or any amendment or supplement thereto
is declared effective under the Securities Act, contain an untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to make the
statements therein not misleading. The Seller Parties agree that none of the information
supplied or to be supplied by or on behalf of the Seller Parties or their respective Affiliates
for inclusion or incorporation by reference in the Proxy Statement shall, at the time of mailing
(or availability pursuant to Rule 14a-16 under the Exchange Act) of the Proxy Statement or any
amendments or supplements thereto to the holders of Buyer Ultimate Parent Common Stock and at
the time of the Buyer Ultimate Parent Special Meeting, contain an untrue statement of a material
fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading. If
any event occurs with respect to any of the Seller Parties, or any change occurs with respect to
other information supplied by the Seller Parties for inclusion in the Form S-4 or the Proxy
Statement, which is required to be described in an amendment of, or a supplement to, the Form
S-4 or the Proxy Statement, Seller Parent shall promptly notify Buyer Ultimate Parent of such
event, and the Seller Parties and the Buyer Parties shall cooperate in the prompt filing with
the SEC of any necessary amendment or supplement to the Form S-4 or the Proxy Statement and, as
required by Law, in disseminating the information contained in such amendment or supplement to
the holders of Buyer Ultimate Parent Common Stock.

     Section 6.10 Confidentiality.

     (a) The Seller Parties shall, and shall use their reasonable best efforts to cause their
Subsidiaries and their respective officers, directors, employees and Representatives to,

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treat as confidential and safeguard any and all information, knowledge and data in its possession (i)
relating to the Buyer Parties and their respective Affiliates that becomes known to any of the
Seller Parties as a result of the transactions contemplated by this Agreement except as
otherwise agreed to by Buyer Ultimate Parent in writing or (ii) from and after the Closing Date,
relating to the Transferred Entities. Notwithstanding the foregoing sentence, nothing in this
Section 6.10(a) shall prevent the disclosure of any such information, knowledge or data in
accordance with any requirement under applicable Laws or administrative or regulatory process;
provided, however, that, unless legally restricted from doing so, the applicable
Seller Party shall first inform Buyer Ultimate Parent of its intention to disclose such
information so that Buyer Ultimate Parent may seek an appropriate protective order.

     (b) The Buyer Parties shall, and shall use their reasonable best efforts to cause their
Subsidiaries and their respective officers, directors, employees and Representatives to, treat
as confidential and safeguard any and all information, knowledge or data included in any
information relating to the business of Seller Parent and its Affiliates other than, from and
after the Closing Date, information of the Transferred Entities that becomes known to any Buyer
Party as a result of the transactions contemplated by this Agreement. Notwithstanding the
foregoing sentence, nothing in this Section 6.10(b) shall prevent the disclosure of any such
information, knowledge or data in accordance with any requirement under applicable Laws or
administrative or regulatory process; provided, however, that, unless legally
restricted from doing so, the applicable Buyer Party shall first inform Seller Parent of its
intention to disclose such information so that Seller Parent may seek an appropriate protective
order.

     (c) Notwithstanding Section 6.10(a) and (b), the Seller Parties, on one hand, and the Buyer
Parties, on the other hand, acknowledge that the confidentiality obligations set forth in this
Section 6.10 shall not extend to information, knowledge and data that is publicly available or
becomes publicly available through no act or omission of the Party owing a duty of
confidentiality, or becomes available on a non-confidential basis from a source other than the
Party owing a duty of confidentiality so long as such source is not known by such Party to be
bound by a confidentiality agreement with or other obligations of secrecy to the other Party.

     (d) Notwithstanding anything in this Agreement to the contrary, the Parties acknowledge and
agree that the remedy at Law for any breach, or threatened breach, of any of the provisions of
this Section 6.10 will be inadequate and, accordingly, the Parties covenant and agree that the
Parties shall, in addition to any other rights and remedies which they may have at Law, be
entitled to equitable relief, including injunctive relief, and to the remedy of specific
performance with respect to any breach or threatened breach of such covenants, as may be
available from any court of competent jurisdiction.

     Section 6.11 Intercompany Items. At or prior to the Closing, all Intercompany Receivables and Intercompany Payables shall be
settled or paid, except for Intercompany Receivables and Intercompany Payables relating to
Surviving PCB Affiliate Arrangements and other than those set forth on Section 6.11 of the Seller’s
Disclosure Schedules.

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     Section 6.12 Notification of Certain Matters.

     (a) Between the date hereof and the earlier of the Closing Date and the termination of this
Agreement in accordance with its terms:

               (i) The Seller Parties shall use reasonable best efforts to give reasonably prompt notice to
Buyer Ultimate Parent of any notice or other written communication from any third party alleging
that the consent, approval or waiver of such third party is or may be required in connection with
the transactions contemplated by this Agreement other than any such required consent, approval or
waiver that has been disclosed in Seller’s Disclosure Schedules; and

               (ii) The Buyer Parties shall use reasonable best efforts to give reasonably prompt notice to
Seller Parent of any notice or other written communication from any third party alleging that the
consent, approval or waiver of such third party is or may be required in connection with the
transactions contemplated by this Agreement other than any such required consent, approval or
waiver that has been disclosed in Buyer’s Disclosure Schedules.

     (b) For purposes of this Agreement, the failure to comply in all material respects with the
provisions of this Section 6.12 shall not, (i) in the case of any Seller Party’s failure to
comply with Section 6.12(a)(i) in all material respects, result in the failure of the condition
set forth in Section 7.2(b), or (ii) in the case of any Buyer Party’s failure to comply with
Section 6.12(a)(ii) in all material respects, result in the failure of the condition set forth
in Section 7.3(b).

     Section 6.13 Financial Statements.

     (a) As soon as practicable after the date hereof, but in no event later than twenty-five
Business Days after the date of this Agreement, Seller Parent shall deliver to Buyer Ultimate
Parent an audited combined balance sheet of the Transferred Entities on a carve-out basis as of
December 31, 2008, December 31, 2007 and December 31, 2006, and the audited combined statement
of income, combined statement of changes in equity and combined statement of cash flows for the
Transferred Entities on a carve-out basis for the years ended December 31, 2008, December 31,
2007 and December 31, 2006 (collectively, the “Audited Financial Statements”), together
with an unqualified (except for qualifications resulting from application of new accounting
pronouncements or solely as a result of reclassification of elements of the financial statements
with no net impact to operating and non-operating revenues and expenses) audit report of Seller
Parent’s independent accountants, with respect to the Audited Financial Statements. The Audited
Financial Statements shall be prepared as follows: (i) the Audited Financial Statements as of
and for the years ended December 31, 2008 and December 31, 2007 shall be prepared in accordance
with Hong Kong FRS and reconciled to GAAP meeting the requirements of Item 17 of Form 20-F and
audited in accordance with generally accepted auditing standards in the United States, and (ii)
the Audited Financial Statements as of and for the year ended December 31, 2006 shall be
prepared in accordance with Hong Kong FRS and audited in accordance with generally accepted
auditing standards in the United States.

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     (b) As soon as practicable after the date hereof, but in no event later than twenty-five
Business Days after the date of this Agreement, Seller Parent shall deliver to Buyer Ultimate
Parent an audited combined balance sheet of the Transferred Entities on a carve-out basis as of
September 30, 2009 and the audited combined statement of income, combined statement of changes
in equity and combined statement of cash flows for the Transferred Entities on a carve-out basis
for such year-to-date period then ended (including for the comparable year-to-date periods for
the prior year) in each case, in accordance with Hong Kong FRS and reconciled to GAAP meeting
the requirements of Item 17 of Form 20-F. Such financial statements shall be audited in
accordance with generally accepted auditing standards in the United States.

     (c) As soon as practicable after the date hereof, but in no event later than twenty-five
Business Days after the date of this Agreement, Seller Parent shall deliver to Buyer Ultimate
Parent an unaudited combined balance sheet of the Transferred Entities on a carve-out basis as
of September 30, 2009 , and the unaudited combined statement of income for the Transferred
Entities on a carve-out basis for the nine months ended September 30, 2009, respectively
(collectively, the “Unaudited September 2009 Financial Information”), prepared under
GAAP without footnotes.

     (d) To the extent Closing has not occurred by March 15, 2010, Seller Parent shall deliver
to Buyer Ultimate Parent by March 15, 2010 an audited combined balance sheet of the Transferred
Entities on a carve-out basis as of December 31, 2009, and the audited combined statement of
income, combined statement of changes in equity and combined statement of cash flows for the
Transferred Entities on a carve-out basis for the year ended December 31, 2009 (collectively,
the “2009 Year End Financial Statements”), together with an unqualified (except to the
extent such qualification relates to the basis of presentation) audit report of Seller Parent’s
independent accountants, with respect to the 2009 Year End Financial Statements. The 2009 Year
End Financial Statements shall be prepared in accordance Hong Kong FRS and reconciled to GAAP
meeting the requirements of Item 17 of Form 20-F.

     (e) If the Closing Date shall occur prior to March 15, 2010, then, in connection with
preparing the 2009 Year End Financial Statements, Buyer Ultimate Parent will make fully
available to Seller Parent (i) employees of any of the Buyer Parties who were Employees and were
responsible for preparation of financial statements prior to Closing (ii) all information
required and (iii) access to all necessary systems to assist Seller Parent in the preparation of
such financial statements. Buyer Parent shall procure the Transferred Entities to bear all costs
incurred in preparing the 2009 Year End Financial Statements, except that in each case Buyer
Parent shall have no obligation to pay any costs associated with employees of Seller Parent and
its Affiliates. In addition, as a condition to delivery of any such financial statements, Buyer
Ultimate Parent shall make available the appropriate employees of the Transferred Entities to
execute any required representation letters necessary in connection with such financial
statements. Buyer Ultimate Parent will also take any reasonable actions that Seller Parent requests in connection with the preparation of such financial
statements, including all actions reasonably requested by Seller Parent’s independent
accountants.

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     (f) From and after the date hereof and prior to the Closing, Seller Parent and Seller will
provide the Buyer Parties (at Buyer Parties’ sole cost) reasonable access to Employees and such
other of Seller Parent’s or Seller’s employees to whom access is reasonably necessary for the
purposes of integrating accounting functions and information reasonably requested in connection
with assisting Buyer Ultimate Parent in preparing its financial statements for the year ended
December 31, 2009.

     (g) For the avoidance of doubt, the Parties agree and acknowledge that none of the
Unaudited September 2009 Financial Information shall be included in the Form S-4 without the
prior written consent of Seller Parent.

     (h) As soon as practicable after the date hereof, but in no event later than twenty-five
Business Days after the date of this Agreement, the Buyer Ultimate Parent shall deliver to
Seller Parent (A) an unaudited balance sheet of the Buyer Ultimate Parent as of September 28,
2009 and September 29, 2008, and the unaudited statements of income, statement of changes in
equity and statement of cash flows for the Buyer Ultimate Parent for the nine months ended
September 28, 2009 and September 29, 2008 or (B) to the extent required by the Hong Kong
Exchange, an audited balance sheet of the Buyer Ultimate Parent as of September 28, 2009 and
September 29, 2008, and the audited statements of income, statement of changes in equity and
statement of cash flows for the Buyer Ultimate Parent for the nine months ended September 28,
2009 and September 29, 2008, together with an unqualified audit report of Buyer Ultimate
Parent’s independent accountants with respect thereto. As soon as practicable after the date
hereof, but in no event later than twenty-five Business Days after the date of this Agreement,
the Buyer Ultimate Parent shall deliver to Seller Parent an audited balance sheet of the Buyer
Ultimate Parent as of December 31, 2008, December 31, 2007 and December 31, 2006, and the
audited statement of income, statement of changes in equity and statement of cash flows for the
Ultimate Buyer Parent for the year ended December 31, 2008, December 31, 2007 and December 31,
2006 (collectively, “Buyer’s Audited Financial Statements”), together with an
unqualified audit report of Buyer Ultimate Parent’s independent accountants with respect to the
Buyer’s Audited Financial Statements. The Buyer’s Audited Financial Statements shall be prepared
as follows: (i) the Buyer’s Audited Financial Statement as of and for the years ended December
31, 2008 and December 31, 2007 shall be prepared in accordance with (x) GAAP and reconciled to
Hong Kong FRS or (y) if the foregoing is not acceptable to the Hong Kong Exchange, such
accounting standards as may be required by the Hong Kong Exchange, and (ii) the Buyer’s Audited
Financial Statements as of and for the year ended December 31, 2006 shall be prepared in
accordance with (x) GAAP or (y) if the foregoing is not acceptable to the Hong Kong Exchange,
such accounting standards as may be required by the Hong Kong Exchange, and the requirements of
the Hong Kong Listing Rules applicable to the Buyer Ultimate Parent. The unaudited balance
sheet of the Buyer Ultimate Parent as of September 28, 2009 and September 28, 2008, and the
unaudited statements of income, statement of changes in equity and statement of cash flows for
the Buyer Ultimate Parent for the nine months ended September 28, 2009 and September 29, 2008
shall be prepared in accordance with (x) GAAP and reconciled to Hong Kong FRS or (y) if the
foregoing is not acceptable to the Hong Kong
Exchange, such accounting standards as may be required by the Hong Kong Exchange, shall
have been reviewed by the independent accountant of Buyer Ultimate Parent, and such

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independent accountant shall have issued an unqualified review opinion with respect to such unaudited
financial statements. If required by the Hong Kong Exchange, the audited balance sheet of the
Buyer Ultimate Parent as of September 28, 2009 and September 28, 2008 and the audited statements
of income, statement of changes in equity and statement of cash flows for the Buyer Ultimate
Parent for the nine months ended September 28, 2009 and September 29, 2008 shall be prepared in
accordance with (x) GAAP and reconciled to Hong Kong FRS or (y) if the foregoing is not
acceptable to the Hong Kong Exchange, such accounting standards as may be required by the Hong
Kong Exchange.

     (i) To the extent the Circular is not dispatched on or prior to March 31, 2010, the Buyer
Ultimate Parent shall deliver to Seller Parent an audited balance sheet of the Buyer Ultimate
Parent as of December 31, 2009, and the audited statement of income, statement of changes in
equity and statement of cash flows for the Buyer Ultimate Parent for the year ended December 31,
2009 (collectively, the “2009 Buyer Year End Financial Statements”), together with an
unqualified audit report of the Buyer Ultimate Parent’s independent accountants, with respect to
the 2009 Buyer Year End Financial Statements. The 2009 Buyer Year End Financial Statements
shall be prepared in accordance with (x) GAAP and reconciled to Hong Kong FRS or (y) if the
foregoing is not acceptable to the Hong Kong Exchange, such accounting standards as may be
required by the Hong Kong Exchange, and the requirements of the Hong Kong Listing Rules
applicable to the Buyer Ultimate Parent.

     Section 6.14 Listing. Buyer Ultimate Parent shall use its reasonable best efforts to cause the Equity
Consideration to be approved for quotation on NASDAQ, subject to official notice of issuance, prior
to the Closing Date.

     Section 6.15 Further Assurances. (a) Each of the Seller Parties and the Buyer Parties shall use reasonable best efforts to
take all actions and to do all things reasonably necessary, proper or advisable to consummate the
transactions contemplated by this Agreement, including using reasonable best efforts to ensure that
(a) such Party’s representations and warranties remain true and correct in all material respects
through the Closing and (b) the conditions to the obligations of the other Party to this Agreement
to consummate the transactions contemplated by this Agreement are satisfied.

     (b) Following the Closing, upon the reasonable request of any Party or Parties hereto, the
other Parties hereto, as the case may be, agree to promptly execute and deliver such further
instruments of assignment, transfer, conveyance, endorsement, direction or authorization and
other documents as may be requested to effectuate the purposes of this Agreement, the Ancillary
Agreements and the transactions contemplated hereby and thereby.

     Section 6.16 Accelerated Vesting of Equity Awards. None of the Buyer Ultimate Parent nor any of its Controlled Affiliates will accelerate or agree
to accelerate or cause an acceleration of, the time of vesting, exerciseability or payment of
awards (including without limitation, any equity based compensation such as restricted stock units
or options) held by any of the Buyer Employees, under any Buyer Benefit and Compensation Plan,
whether before or after Closing, in connection with the transactions contemplated by this Agreement
or the Ancillary Agreements. None of the boards of directors of the Buyer Ultimate Parent nor any
of its Controlled Affiliates will approve any such acceleration of the vesting, exercisability or
payment of any such awards

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in connection with the execution and consummation of the transactions contemplated by this Agreement or the Ancillary Agreements.

     Section 6.17 Non-Solicitation. Each of the Buyer Parties agree that:

     (a) for the period commencing on the date of this Agreement and expiring on the
thirty-sixth month anniversary of the Closing Date, without the prior written consent of Seller
Parent, neither it nor any of its Affiliates (including the Transferred Entities following the
Closing) shall, directly or indirectly, (A) induce or encourage or solicit any Person who is an
employee of any of the Seller Parties (other than a Transferred Employee) or any of their
respective Affiliates to leave such employee’s employment or to accept any other position or
employment with a Buyer Party or any of its Affiliates (including the Transferred Entities
following the Closing) or (B) hire or assist any other Person in hiring such employee;

     (b) for the period commencing on the date of this Agreement and expiring at the Closing,
neither it nor any of its Affiliates shall, directly or indirectly, (A) induce or encourage or
solicit any Employee to leave such Employee’s employment with any Seller Party or any of its
Affiliates (including the Transferred Entities) prior to the Closing or (B) hire or assist any
other Person in hiring such Employee; and

     (c) if this Agreement is terminated prior to the Closing, for a period commencing on the
date on which this Agreement is terminated and expiring on the second anniversary of such
termination, without the prior written consent of Seller Parent, neither it nor any of its
Affiliates shall, directly or indirectly, (A) induce or encourage or solicit any Employee to
leave such Employee’s employment or to accept any other position or employment with a Buyer
Party or any of its Affiliates or (B) hire or assist any other Person in hiring such Employee;

provided, however, that this Section 6.17 shall not apply to employees (including
Employees) who have not been employed by any Seller Party or any of their respective Affiliates at
any time during the six months prior to the applicable inducing, encouraging, soliciting or hiring,
(y) shall not apply to Persons whose employment was terminated by any Seller Party or any of their
respective Affiliates and (z) shall not prohibit general solicitations for employment through
advertisements or other means (including the hiring of any Person resulting therefrom that is not
known to be an employee of the Seller Parties, to the extent the solicitation is non-targeted).

     Section 6.18 Equity Consideration. Buyer Ultimate Parent agrees:

     (a) to direct the transfer agent of the Buyer Ultimate Parent (the “Transfer
Agent”) to waive the requirement for a medallion guarantee in respect of any stock powers
given by each of Seller and Seller Parent which elect to receive the portion of the Equity
Consideration it is entitled to pursuant to the Distribution in book entry form;

     (b) to enroll in a directed share sale program and to maintain such program for a period of
three years following the Closing Date; and

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     (c) to assist Seller, Seller Parent and each Seller Parent Shareholder which elects to
receive the portion of the Equity Consideration it is entitled to pursuant to the Distribution
in book entry form as Seller, Seller Parent and such Seller Parent Shareholder may require in
the exercise of the rights with respect to its portion of the Equity Consideration, including
receipt of dividends and any subsequent transfers thereof.

     Section 6.19 Post-Closing Restructuring. The Seller Parties shall use their reasonable best efforts to cause to occur the
declaration of a dividend by Seller Parent to Seller Parent Shareholders consisting of the Cash
Purchase Price and the Equity Consideration (or the proceeds of sale thereof as contemplated in the
Sell-Down Registration Rights Agreement), in each case as required by the terms described in the
Circular and pursuant to Applicable Law.

     Section 6.20 Amendment of Organizational Documents. After the Closing, the Buyer Ultimate Parent shall use its reasonable
best efforts to amend the Organizational Documents of each of the Buyer Ultimate Parent, the Buyer and the Transferred
Entities (other than entities organized under the laws of the PRC) as may be required to conform
such Organizational Documents with the provisions of the Shareholders Agreement, and to obtain all
requisite approvals from applicable Government Entities that may be required for such amendments.

     Section 6.21 Credit Agreement Deliverables. Promptly after the Closing, the Buyer Ultimate Parent and Buyer shall execute and deliver all
documents required to be delivered by them set forth in Parts 1 and 2 of Schedule 2 to the Credit
Agreement, including the guarantee to be issued by Buyer Ultimate Parent and Buyer, share pledges
over the shares of Buyer and certain Transferred Entities.

     Section 6.22 Registration Rights Agreement and Sell-Down Registration Rights Agreement. Buyer Ultimate Parent shall, promptly following the execution of this
Agreement, negotiate in good faith and use its best efforts to agree with the Seller Parties, on a
reasonable basis, (i) the form of the Sell-Down Registration Rights Agreement and to execute the
Sell-Down Registration Rights Agreement within four weeks from the date hereof and (ii) the form of
the Registration Rights Agreement on or prior to ten Business Days before the Closing Date and to
execute the Registration Rights Agreement on or prior to the Closing Date. Each of the Parties
acknowledges and agrees that the Sell-Down Registration Rights Agreement and the Registration
Rights Agreement are a vital part of the consideration for the transactions contemplated hereunder
and essential to the Seller Parties.

ARTICLE VII

CONDITIONS TO THE CLOSING

     Section 7.1 Conditions to the Obligations of the Parties with respect to the Closing. The obligations of the Parties to this Agreement to effect the Closing are subject to the
satisfaction (or waiver agreed to in writing by Buyer Ultimate Parent and Seller Parent, provided,
however, that items (c), (e) and (f) below may not be waived) prior to the Closing of each of the
following conditions:

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     (a) HSR Act. The waiting period applicable to the consummation of the transactions
contemplated by this Agreement under the HSR Act shall have expired or been terminated.

     (b) Other Antitrust Approvals. All other approvals, clearances, filings or waiting
periods or consents of Government Entities required under all Antitrust Laws applicable to the
transactions contemplated by this Agreement shall have expired or been made or received, as the
case may be.

     (c) CFIUS. Either (i) CFIUS shall have provided notice to the effect that review
or investigation of the Purchase and the other transactions contemplated by this Agreement and
the Ancillary Agreements has concluded, and that a determination has been made that there are no
issues of national security of the United States sufficient to warrant further investigation
under the DPA, or (ii) the President of the United States shall not have taken action to block
or prevent the consummation of the Purchase and the other transactions contemplated by this
Agreement and the Ancillary Agreements under the DPA and the applicable period of time for the
President to take such action shall have expired.

     (d) Form S-4. The Form S-4 shall have become and remain effective under the
Securities Act and shall not be the subject of any stop order or proceedings seeking a stop
order.

     (e) Seller Parent Shareholder Approval. Seller Parent shall have obtained Seller
Parent Requisite Vote.

     (f) Buyer Ultimate Parent Shareholder Approval. Buyer Ultimate Parent shall have
obtained the Buyer Ultimate Parent Requisite Vote.

     (g) Absence of Certain Actions. There shall not have been overtly threatened or
pending any suit, action or proceeding by any Government Entity seeking to restrain or prohibit
the consummation of the Closing or materially impair the performance of any of the other
transactions contemplated by this Agreement or Ancillary Agreements.

     (h) Laminate Sale. There shall have been satisfied or properly waived, as
applicable, all of the conditions precedent for the completion of the sale of the
Non-Transferred Entities to TMIL (the “Laminate Sale”) pursuant to the Concurrent SPA,
other than (i) any condition in the sale and purchase agreement that the transaction
contemplated in this Agreement shall have become unconditional and (ii) any condition which can
only be satisfied on the closing thereunder;

     (i) Credit Agreement. The Credit Agreement shall have been duly executed and
delivered and shall remain in full force and effect, and the conditions precedent for drawdown
thereunder contained in part 1 of Schedule 2 thereto that are capable of being performed prior
to the Closing have been duly performed or waived, and all conditions precedent for drawdown
thereunder contained in part 1 of Schedule 2 thereto to be fulfilled after the Closing, remain
capable of being fulfilled.

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     (j) Sell-Down Registration Rights Agreement. The Buyer Ultimate Parent shall have
entered into the Sell-Down Registration Rights Agreement with Seller Parent and Seller, in a
form reasonably satisfactory to Seller Parent, within four weeks following the date hereof.

     (k) Registration Rights Agreement. The Buyer Ultimate Parent and the Seller
Parties shall have agreed on the form of the Registration Rights Agreement to be entered into on
or prior to the Closing Date, in a form reasonably satisfactory to the Seller Parties.

     Section 7.2 Conditions to the Obligation of Buyer Parties with respect to the Closing.
The obligation of the Buyer Parties to effect the Closing is subject to the satisfaction (or
waiver in writing by Buyer Ultimate Parent) prior to the Closing of each of the following
conditions:

     (a) Representations and Warranties. Each of the representations and warranties of
the Seller Parties set forth in Article III and Article IV of this Agreement shall be true and
correct as of the date of this Agreement and as of the Closing Date as if made as of the Closing
Date (except for such representations and warranties that are made as of a specific date, which
shall speak only as of such date), except to the extent the failure of any such representations
and warranties to be so true and correct would not, individually or in the aggregate, have a
Material Adverse Effect (provided, that any materiality or “Material Adverse Effect” qualifiers
contained in individual representations and warranties shall be disregarded for this purpose,
except with respect to the representation and warranty made by the Seller Parties in the second
sentence of Section 4.14).

     (b) Covenants. Each of the covenants and agreements of the Seller Parties to be
performed on or prior to the Closing shall have been duly performed in all material respects.

     (c) No Material Adverse Effect. Since the date of this Agreement, there has not
occurred a Material Adverse Effect.

     (d) Certificate. Buyer Ultimate Parent shall have received a certificate, signed by
a duly authorized officer of Seller Parent and dated as of the Closing Date, to the effect that
the conditions set forth in Section 7.2(a), Section 7.2(b) and Section 7.2(c) have been
satisfied (if not waived).

     (e) No Prohibition. No Law shall be in effect (i) enjoining the Closing or
enjoining the acquisition by any Buyer Party or any of its Controlled Affiliates of any of the
Transferred Entities, restraining or prohibiting the consummation of the transactions
contemplated hereby, placing limitations on the ownership of shares of Capital Stock of any of
the Transferred Entities by any Buyer Party or any of its Controlled Affiliates or the PCB
Business; or (ii) prohibiting or limiting the ownership of the Transferred Entities by any Buyer
Party or any of its Controlled Affiliates or the operation by the Transferred Entities or any
Buyer Party or any of its Controlled Affiliates of any portion of any business or of any assets
of the Transferred Entities or the PCB Business, other than in any such case any Law of any such
jurisdiction, the violation of which would not result in a Buyer Regulatory Impediment.

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     (f) Ancillary Agreements. The Seller Parties and the Principal Shareholders shall
have executed and delivered all of the Ancillary Agreements to which they are parties in all
material respects in the forms attached to this Agreement, and all such Ancillary Agreements
shall be and remain in full force and effect.

     (g) Change of Control. Since the date of this Agreement, neither the board of
directors of Seller Parent nor Seller shall have approved or recommended any offer or proposal
contemplating, and neither Seller Parent nor Seller shall have entered into any agreement
providing for, a Seller Change of Control Event.

     Section 7.3 Conditions to the Obligation of Seller Parties with respect to the Closing. The obligation of the Seller Parties to effect the Closing is subject to the satisfaction
(or waiver in writing by Seller Parent) prior to the Closing of each of the following conditions:

     (a) Representations and Warranties. Each of the representations and warranties of
the Buyer Parties set forth in Article V of this Agreement shall be true and correct as of the
date of this Agreement and as of the Closing as if made as of the Closing (except for such
representations and warranties that are made as of a specific date which shall speak only as of
such date), except to the extent the failure of any such representations and warranties to be so
true and correct would not, individually or in the aggregate, have a Buyer Material Adverse
Effect (provided, that any materiality or “Material Adverse Effect” qualifiers contained in
individual representations and warranties shall be disregarded for this purpose, except with
respect to the representation and warranty made by the Buyer Parties in the second sentence of
Section 5.10).

     (b) Covenants. Each of the covenants and agreements of the Buyer Parties to be
performed on or prior to the Closing shall have been duly performed in all material respects.

     (c) No Buyer Material Adverse Effect. Since the date of this Agreement, there has
not occurred a Buyer Material Adverse Effect.

     (d) Certificate. Seller Parent shall have received a certificate, signed by a duly
authorized officer of Buyer Ultimate Parent and dated as of the Closing Date, to the effect that
the conditions set forth in Section 7.3(a), Section 7.3(b) and Section 7.3(c) have been
satisfied or waived.

     (e) No Prohibition. No Law shall be in effect (i) enjoining the Closing or
enjoining the acquisition by Seller Parent of any of the Equity Consideration, restraining or
prohibiting the consummation of the transactions contemplated hereby, other than in any such
case any Law of any such jurisdiction, the violation of which would not result in a Seller
Regulatory Impediment, or (ii) placing limitations on the ownership of Equity Consideration or
prohibiting or limiting the ownership of the Equity Consideration.

     (f) Ancillary Agreements. The Buyer Parties shall have executed and delivered all
of the Ancillary Agreements to which they are parties in all material respects in the forms
attached to this Agreement, and all such Ancillary Agreements shall be and remain in full force
and effect.

87

 

     (g) Change of Control. Since the date of this Agreement, the board of directors of
Buyer Ultimate Parent shall not have approved or recommended any offer or proposal
contemplating, and the Buyer Ultimate Parent shall not have entered into any agreement providing
for, a Buyer Change of Control Event.

     Section 7.4 Frustration of Closing Conditions. None of the Parties may rely on the failure of any condition set forth in Sections 7.1, 7.2
or 7.3, as the case may be, to be satisfied if such failure was caused by such Party’s failure to
use its reasonable best efforts, as the case may be, to consummate the transactions contemplated by
this Agreement, as required by and subject to Section 6.4, or otherwise by such Party’s breach of
its obligations under this Agreement.

ARTICLE VIII

TERMINATION

     Section 8.1 Termination. This Agreement may be terminated at any time prior to the Closing:

     (a) by written agreement of Buyer Ultimate Parent and Seller Parent;

     (b) by either Buyer Ultimate Parent or Seller Parent, by giving written notice of such
termination to the other Party, if the Closing shall not have occurred on or prior to May 31,
2010 for the reason that the conditions set out in Sections 7.1, 7.2 and 7.3 have not been
satisfied or waived; provided, that if the conditions set forth in any of Section 7.1(a),
Section 7.1(b), Section 7.1(c), Section 7.1(d), Section 7.2(e) and Section 7.3(e) shall not have
been satisfied or waived on the Business Day prior to such date, either Party may by written
notice extend the Termination Date until June 30, 2010 (the “Termination Date”); provided that
the right to terminate this Agreement pursuant to this Section 8.1(b) shall not be available to
any Party if the failure of the Closing to occur by the close of business on the Termination
Date is attributable to a failure on the part of such Party to perform any covenant in this
Agreement required to be performed by such Party at or prior to the Closing or is attributable
to any Willful Breach;

     (c) by either Buyer Ultimate Parent or Seller Parent, by giving written notice of such
termination to the other Party, if any Law of any jurisdiction set forth under Annex 8.1(c)
shall have been enacted or enforced in a manner restraining, enjoining or otherwise prohibiting
the Closing and such Law shall have become permanent, final and non-appealable; provided
that the Party seeking to terminate pursuant to this Section 8.1(c) shall have used its
commercially reasonable efforts to remove, eliminate or otherwise have vacated the prohibition
imposed by such Law;

     (d) by Seller Parent, if the Buyer Parties shall have (i) failed to perform, or comply
with, any obligation, agreement or covenant set forth in this Agreement or (ii) breached any
representation or warranty set forth in this Agreement, which breach or failure to perform or
comply prevents any of the conditions set forth in Section 7.1 (Conditions to the Obligations of
the Parties with respect to the Closing) or Section 7.3(a) or Section 7.3(b) (Conditions to the
Obligations of Seller Parties with respect to the Closing) from being satisfied, and such breach
or failure to comply is either not curable or, if curable,

88

 

is not cured by the earlier of (x) the date which is 30 calendar days following the date of delivery by Seller Parent of written
notice of such breach or failure to comply to Buyer Ultimate Parent or (y) the Termination Date;

     (e) by Buyer Ultimate Parent, if the Seller Parties shall have (i) failed to perform, or
comply with, any obligation, agreement or covenant set forth in this Agreement or (ii) breached
any representation or warranty set forth in this Agreement, which breach or failure to perform
or comply prevents any of the conditions set forth in Section 7.1 (Conditions to the Obligations
of the Parties with respect to the Closing) or Section 7.2(a) or Section 7.2(b) (Conditions to
the Obligations of Buyer Parties with respect to the Closing), from being satisfied, and such
breach or failure to comply is either not curable or, if curable, is not cured by the earlier of
(x) the date which is 30 calendar days following the date of delivery by Buyer Ultimate Parent
of written notice of such breach or failure to comply to Seller Parent or (y) the Termination
Date;

     (f) by Seller Parent, if a Buyer Material Adverse Effect has occurred and is either not
curable or, if curable, is not cured by the earlier of (x) the date which is 30 calendar days
following the date of delivery by Seller Parent of written notice thereof to Buyer Ultimate
Parent or (y) the Termination Date;

     (g) by Buyer Ultimate Parent, if a Material Adverse Effect has occurred and is either not
curable or, if curable, is not cured by the earlier of (x) the date which is 30 calendar days
following the date of delivery by Buyer Ultimate Parent of written notice thereof to Seller
Parent or (y) the Termination Date;

     (h) by Seller Parent or Buyer Ultimate Parent, if the approval of the transactions
contemplated by this Agreement by the shareholders of Seller Parent shall not have been
obtained by reason of the failure to obtain Seller Parent Requisite Vote at Seller Parent
Shareholders Meeting; or

     (i) by Seller Parent or Buyer Ultimate Parent, if the approval of the Share Issuance by the
shareholders of Buyer Ultimate Parent shall not have been obtained by reason of the failure to
obtain the Buyer Ultimate Parent Requisite Vote at the Buyer Ultimate Parent Special Meeting.

     Section 8.2 Effect of Termination. In the event of the termination of this Agreement in accordance with Section 8.1
(Termination), this Agreement shall thereafter become void and have no effect, and no Party to this
Agreement shall have any liability to any other Party to this Agreement or its Affiliates, or their
respective directors, officers or employees, except for the following (“Surviving Obligations”):

     (a) the obligations of the Parties to this Agreement contained in Section 6.10
(Confidentiality), Section 6.17(c) (Non-Solicitation), this Section 8.2 (Effect of Termination)
and in Section 9.2 (Notices), Section 9.3 (Amendment; Waiver), Section 9.4 (No Assignment or
Benefit to Third Parties), Section 9.5 (Entire Agreement), Section 9.7 (Public Disclosure),
Section 9.8 (Expenses), Section 9.10 (Governing Law; Consent to Jurisdiction), Section 9.11

89

 

(Counterparts), Section 9.12 (Headings), Section 9.13 (Severability) and Section 9.14 (Joint
Negotiation) and any related definitional provisions set forth in Article I.

     (b) if Seller Parties properly terminate this Agreement pursuant to Section 8.1(d) or the
Buyer Parties properly terminate this Agreement pursuant to Section 8.1(e), each party shall
remain liable to the other parties for fraud or any Willful Breach occurring before the time of
termination.

ARTICLE IX

MISCELLANEOUS

     Section 9.1 Nonsurvival of Representations and Warranties and Certain Covenants.
None of the representations or warranties contained in this Agreement or in any instrument
or certificate delivered pursuant to this Agreement (other than the Shareholders Agreement and the
Registration Rights Agreement and the Sell-Down Registration Rights Agreement) or the covenants
contained in Sections 6.2 and 6.3 shall, in any such case, survive the Closing and no party shall
have any right or cause of action based on breach or non-compliance of any representations or
warranties contained herein or therein or the covenants in Sections 6.2 and 6.3 hereof (other than
those contained in the Shareholders Agreement and the Registration Rights Agreement and the
Sell-Down Registration Rights Agreement) following the Closing.

     Section 9.2 Notices

     (a) All notices and communications hereunder shall be deemed to have been duly given and
made if in writing and if served by personal delivery upon the party for whom it is intended, or
if delivered by registered or certified mail, return receipt requested, or if sent by telecopier
or email in each case, to the Person at the address set forth below, or such other address as
may be designated in writing hereafter, in the same manner, by such Person:

     To the Buyer Parties:

TTM Technologies, Inc.

2630 South Harbor Blvd.

Santa Ana, California 92704

Telephone: (714) 327-3048

Telecopy: (714) 432-7234

Email: kalder@ttmtech.com

Attention: Kent Alder

90

 

     With a copies (which shall not constitute notice) to:

Greenberg Traurig, LLP

2375 East Camelback Road

Suite 700

Phoenix, Arizona 85016

Telephone: (602) 445-8000

Telecopy: (602) 445-8100

E-mail: kaplanm@gtlaw.com

Attention: Michael L. Kaplan, Esq.

and

Greenberg Traurig, LLP

The MetLife Building

200 Park Avenue

New York, New York 10166

Telephone: (212) 801-9200

Telecopy: (212) 801-6400

E-mail: neimethc@gtlaw.com

             marsicoa@gtlaw.com

Attention: Clifford E. Neimeth, Esq.

                    Anthony J. Marsico, Esq.

     To Seller Parties:

Meadville Holdings Limited

No. 4 Dai Shun Street,

Tai Po Industrial Estate,

Tai Po, New Territories,

Hong Kong

Telephone: +852-2660-3120

Telecopy: +852-2660-1908

E-mail: canice.chung@meadvillegroup.com

Attention: Canice Chung

     With a copies (which shall not constitute notice) to:

Telephone: +852-2660-1978

Telecopy: +852-2660-1908

E-mail: tom.tang@meadvillegroup.com

             mai.tang@meadvillegroup.com

Attention: Mr. Tang Chung Yen, Tom

                    Ms. Tang Ying Ming, Mai

and

91

 

Skadden, Arps, Slate, Meagher & Flom

42/F, Edinburgh Tower, The Landmark

15 Queen’s Road Central

Hong Kong

Telephone: +852-3740-4700

Telecopy: +852-3740-4727

E-mail:          Jonathan.stone@skadden.com

Attention:     Jonathan Stone

     (b) The failure to provide notice in accordance with the required timing, if any, set forth
herein shall affect the rights of the party providing such notice only to the extent that such
delay actually prejudices the rights of the party receiving such notice.

     Section 9.3 Amendment; Waiver. Any provision of this Agreement may be amended or waived if, and only if, such amendment or
waiver is in writing and signed, in the case of an amendment, by each of the Parties hereto, or in
the case of a waiver, by the Party against whom the waiver is to be effective. No failure or delay
by any party in exercising any right, power or privilege hereunder shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. The rights and remedies herein
provided shall be cumulative and not exclusive of any rights or remedies provided by Law.

     Section 9.4 No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the Parties to this
Agreement and their respective successors, legal representatives and permitted assigns. No Party to
this Agreement may assign any of its rights or delegate any of its obligations under this
Agreement, by operation of Law or otherwise, without the prior written consent of the other Parties
hereto, except as provided in Section 9.5 and except that any Buyer Party may assign any
or all of its rights under this Agreement to one or more of its Affiliates (but no such
assignment shall relieve such Buyer Party of any of its obligations hereunder and such Affiliate
shall become bound by all of the terms of this Agreement) and any Seller Party may assign any and
all of its rights under this Agreement to one or more of its Affiliates (but no such assignment
shall relieve such Seller Party of any of its obligations hereunder and such Affiliate shall become
bound by all of the terms of this Agreement). Nothing in this Agreement, express or implied, is
intended to or shall confer upon any Person, other than the Parties and their respective
successors, legal representatives and permitted assigns, any rights or remedies under or by reason
of this Agreement.

     Section 9.5 Entire Agreement. This Agreement (including the Exhibits, the Annexes and the disclosure schedules to this
Agreement) and the Ancillary Agreements contain the entire agreements between the Parties to this
Agreement with respect to the subject matter of this Agreement and supersedes all prior agreements
and understandings, oral or written, with respect to such matters, except in the case of fraud and
except for the Confidentiality Agreement, which shall remain in full force and effect.

     Section 9.6 Fulfillment of Obligations. Any obligation of any Party to any other Party under this Agreement, which obligation (i) is
performed, satisfied or fulfilled completely by an Affiliate of such Party, shall be deemed to have
been performed, satisfied or fulfilled by such

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Party and (ii) is to be performed, satisfied or fulfilled by an Affiliate of a Party hereunder but is not so fulfilled shall be deemed to have not
been performed, satisfied or fulfilled by such Party.

     Section 9.7 Public Disclosure. Notwithstanding anything to the contrary contained in this Agreement, no press release or
similar public announcement or communication relating to this Agreement (except for press releases
or public announcements or communications made in relation to the Form S-4, the Proxy Statement,
the Circular and the Hong Kong announcements, which shall be governed by Sections 6.8 and 6.9)
shall be made or caused to be made without the prior written consent of all Parties to this
Agreement, other than any such press release or similar public announcement or communication that
must be made or caused to be made by a Party to this Agreement to comply with the requirements of
any applicable Law or the rules and regulations of any stock exchange upon which its securities are
listed (it being understood and agreed that in the event that any such press release or similar
public announcement or communication must be made or caused to be made by a Party to this
Agreement, such Party shall, to the extent permitted by applicable Law, provide the other Parties
to this Agreement with advance written notice of the details of, and an opportunity to comment on,
such press release or similar public announcement or communication).

     Section 9.8 Expenses. Except as otherwise expressly provided in this Agreement, whether or not the transactions
contemplated by this Agreement are consummated, all costs and expenses incurred in connection with this Agreement and the Ancillary Agreements and the transactions
contemplated hereunder and thereunder (including the costs and expenses related to obtaining the
Buyer’s Required Approvals, the Transferred Entities’ Required Approvals and the Seller’s Required
Approvals) shall be borne by the Party incurring such costs and expenses, provided, however, that
all costs and expenses of the Seller Parties and its Affiliates (including all of the costs and
expenses relating to the Credit Agreement, the Laminate Sale and the Transfer Taxes to be borne by
the Seller Parties pursuant to Section 6.5(b)) shall be borne by Seller Parent for an amount of up
to HK$40,000,000, with the remaining amount of such costs and expenses borne by the Transferred
Entities.

     Section 9.9 Schedules. The disclosure of any matter in one section or subsection of the Seller’s Disclosure
Schedules or the Buyer’s Disclosure Schedules shall be deemed to be a disclosure for all sections
or subsections of this Agreement to the extent that it is reasonably apparent that such disclosure
is relevant to such other sections and subsections, but shall not be deemed to constitute an
admission by the Seller Parties or the Buyer Parties, as the case may be, or to otherwise imply
that any such matter is material or, in the case of the Seller Parties, would have a Material
Adverse Effect for the purposes of this Agreement or, in the case of the Buyer Parties, would have
a Buyer Material Adverse Effect for the purposes of this Agreement.

     Section 9.10 Governing Law; Consent to Jurisdiction.

     (a) THIS AGREEMENT, THE LEGAL RELATIONSHIP BETWEEN THE PARTIES AND THE ADJUDICATION AND
THE ENFORCEMENT HEREOF AND THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE AND PROCEDURAL LAWS OF THE STATE OF DELAWARE
APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED WHOLLY WITHIN THAT JURISDICTION, WITHOUT

93

 

GIVING EFFECT TO THE CONFLICTS OF LAW RULES AND PRINCIPLES THEREOF. Each party acknowledges
that it could be impossible to determine the amount of damages that would result from any
breach of many of the provisions of this Agreement and that the remedy at law for any
breach, or threatened breach, of any of such provisions would likely be inadequate and,
accordingly, agrees that each other party shall, in addition to any other rights or remedies
which it may have, be entitled to seek such provisional or temporary injunctive relief as
may be available from any Delaware Court (as defined below) to compel specific performance
of, or restrain any party from violating, any of such provisions. In connection with any
request for temporary or permanent injunctive relief permitted under this Agreement, each
party hereby waives the claim or defense that a remedy at law alone is adequate and agrees,
to the maximum extent permitted by Law, to have each provision of this Agreement
specifically enforced against it, without the necessity of posting bond or other security
against it, and consents to the entry of temporary or permanent equitable and injunctive
relief against it enjoining or restraining any breach or threatened breach of such
provisions of this Agreement.

     (b) Each of the Parties hereto, by its execution hereof, hereby:

          (i) irrevocably and unconditionally submits to the exclusive jurisdiction in the Court
of Chancery of the State of Delaware or any federal court of the United States located in
the State of Delaware (the “Delaware Courts”), for the purpose of any and all
actions, suits or proceedings arising in whole or in part out of, related to, based upon or
in connection with this Agreement or the subject matter hereof;

          (ii) waives to the extent not prohibited by Law, and agrees not to assert, by way of
motion, as a defense or otherwise, in any such action, any claim that it is not subject
personally to the jurisdiction of the above-named courts, that its property is exempt or
immune from attachment or execution, that any such action brought in one of the above-named
courts should be dismissed on grounds of forum non conveniens, should be transferred to any
court other than one of the above-named courts, or should be stayed by reason of the
pendency of some other proceeding in any other court other than the Delaware Courts, or that
this Agreement or the subject matter hereof may not be enforced in or by Delaware Courts,
and

          (iii) agrees not to commence any such action other than before one of the Delaware
Courts nor to make any motion or take any other action seeking or intending to cause the
transfer or removal of any such action to any court other than the Delaware Courts whether
on the grounds of forum non conveniens or otherwise.

     (c) Each of the Seller Parties hereby irrevocably and unconditionally designate, appoint,
and empower The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street,
Wilmington, Delaware 19801, as their respective designee, appointee and agent to receive, accept
and acknowledge for and on their behalf service of any and all legal process, summons, notices
and documents that may be served in any action, suit or proceeding brought against such Seller
Party in any such United States federal or state court with respect to their obligations,
liabilities or any other matter arising out of or in connection with this Agreement and that may
be made on such designee, appointee and agent in

94

 

accordance with legal procedures prescribed for
such courts. If for any reason such designee, appointee and agent hereunder shall cease to be
available to act as such, the Seller Parties agree to designate a new designee, appointee and
agent in the State of Delaware on the terms and for the purposes of this Section 9.10(c)
reasonably satisfactory to the Buyer Ultimate Parent. Each Seller Party further hereby
irrevocably consents and agrees to the service of any and all legal process, summons, notices
and documents in any such action, suit or proceeding against the Seller Party by serving a copy
thereof upon the relevant agent for service of process referred to in this Section 9.10(c)
(whether or not the appointment of such agent shall for any reason prove to be ineffective or
such agent shall accept or acknowledge such service) or by sending copies thereof by a
recognized next day courier service to such Seller Party at its address specified in or
designated pursuant to this Agreement. The Seller Parties agree that the failure of any such
designee, appointee and agent to give any notice of such service to them shall not impair or
affect in any way the validity of such service or any judgment rendered in any action or
proceeding based thereon.

     (d) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION UNDER THIS SECTION 9.10. THE PARTIES HERETO AGREE THAT ANY OR ALL OF THEM
MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY
AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY AND THAT ANY
COURT ACTION OR PROCEEDING WHATSOEVER BETWEEN THEM THAT IS PERMITTED UNDER THIS SECTION 9.10
SHALL INSTEAD BE TRIED IN A DELAWARE COURT BY A JUDGE SITTING WITHOUT A JURY.

     Section 9.11 Counterparts. This Agreement may be executed in one or more counterparts, including via facsimile, each of
which shall be deemed an original, and all of which shall constitute one and the same Agreement.

     Section 9.12 Headings. The heading references in this Agreement and the table of contents of this Agreement are for
convenience purposes only, and shall not be deemed to limit or affect any of the provisions of this
Agreement.

     Section 9.13 Severability. The provisions of this Agreement shall be deemed severable and the invalidity or
unenforceability of any provision shall not affect the validity or enforceability of the other
provisions hereof. If any provision of this Agreement, or the application thereof to any Person or
any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be
substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and
purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the
application of such provision to other Persons or circumstances shall not be affected by such
invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity
or enforceability of such provision, or the application thereof, in any other jurisdiction.

     Section 9.14 Joint Negotiation. The parties to this Agreement have participated jointly in negotiating and drafting this
Agreement. In the event that an ambiguity or a question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties, and no

95

 

presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of
this Agreement.

     Section 9.15 No Set-Off. No Party shall be permitted to set-off or deduct any amount from any payment or other amount due
to any other Party hereunder.

[SIGNATURE PAGE FOLLOWS]

96

 

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

	 	 	 	 	 
	 	MEADVILLE HOLDINGS LIMITED

 	 
	 	By:  	/s/
Tang Chung Yen, Tom
 	 
	 	 	Name:  	Tang Chung Yen, Tom	 
	 	 	Title:  	Executive
Chairman and Group Managing Director	 
	 
	 	MTG INVESTMENT (BVI) LIMITED

 	 
	 	By:  	/s/
Tang Ying Ming, Mai
 	 
	 	 	Name:  	Tang Ying Ming, Mai	 
	 	 	Title:  	Director	 
	 
	 	TTM TECHNOLOGIES, INC.

 	 
	 	By:  	/s/ Kenton K. Alder
 	 
	 	 	Name:  	Kenton K. Alder 	 
	 	 	Title:  	Chief Executive Officer and President 	 
	 
	 	TTM TECHNOLOGIES INTERNATIONAL, INC.

 	 
	 	By:  	/s/ Kenton K. Alder
 	 
	 	 	Name:  	Kenton K. Alder 	 
	 	 	Title:  	Chief Executive Officer and President 	 
	 
	 	TTM HONG KONG LIMITED

 	 
	 	By:  	/s/ Kenton K. Alder
 	 
	 	 	Name:  	Kenton K. Alder 	 
	 	 	Title:  	Director 	 
	 

 

 

Exhibit A

Form of Shareholders Agreement

(Attached)

 

 

Exhibit A to Stock Purchase Agreement

SHAREHOLDERS AGREEMENT

between

TTM TECHNOLOGIES, INC.,

MEADVILLE HOLDINGS LIMITED,

SU SIH (BVI) LIMITED,

TANG HSIANG CHIEN,

TANG CHUNG YEN, TOM (solely for the purposes of Sections 2.1(g),

2.2(a), 2.2(e), 5.1, 5.2, 5.3, 5.7, 5.10, 5.18 and 5.21)

and

TANG YING MING, MAI (solely for the purposes of Sections 2.1(g),

2.2(a), 2.2(e), 5.1, 5.2, 5.3, 5.7, 5.10, 5.18 and 5.21)

 

Dated as of
[*], 2010

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	ARTICLE I DEFINITIONS	 	 	2	 
	 
	 	 	 	 	 	 
	Section 1.1.
	 	Certain Defined Terms	 	 	2	 
	Section 1.2.
	 	Other Defined Terms	 	 	8	 
	Section 1.3.
	 	Other Definitional Provisions	 	 	9	 
	 
	 	 	 	 	 	 
	ARTICLE II SHARE OWNERSHIP	 	 	9	 
	 
	 	 	 	 	 	 
	Section 2.1.
	 	Acquisition of Additional Securities	 	 	9	 
	Section 2.2.
	 	Prohibition of Certain Actions	 	 	11	 
	 
	 	 	 	 	 	 
	ARTICLE III TRANSFER RESTRICTIONS	 	 	13	 
	 
	 	 	 	 	 	 
	Section 3.1.
	 	General Transfer Restrictions	 	 	13	 
	Section 3.2.
	 	Specific Restrictions on Transfer	 	 	13	 
	Section 3.3.
	 	Other Capital Stock	 	 	15	 
	Section 3.4.
	 	Distribution of Company Common Stock	 	 	16	 
	 
	 	 	 	 	 	 
	ARTICLE IV CORPORATE GOVERNANCE	 	 	16	 
	 
	 	 	 	 	 	 
	Section 4.1.
	 	Company Board Representation	 	 	16	 
	Section 4.2.
	 	Company Board Committee Representation	 	 	19	 
	Section 4.3.
	 	Board Representation of Asian Holdco and
Asian PCB Entities; Governance	 	 	19	 
	Section 4.4.
	 	Vote Required for Board Action; Board Quorum	 	 	23	 
	Section 4.5.
	 	Voting Arrangements	 	 	23	 
	 
	 	 	 	 	 	 
	ARTICLE V MISCELLANEOUS	 	 	25	 
	 
	 	 	 	 	 	 
	Section 5.1.
	 	Non-Contravention	 	 	25	 
	Section 5.2.
	 	Non-Compete	 	 	25	 
	Section 5.3.
	 	Non-Solicitation	 	 	26	 
	Section 5.4.
	 	Termination	 	 	27	 
	Section 5.5.
	 	Representations of the Company	 	 	27	 
	Section 5.6.
	 	Representations of the Principal Shareholders	 	 	28	 
	Section 5.7.
	 	Representations of Mr. Tang	 	 	28	 
	Section 5.8.
	 	Ownership Information	 	 	28	 
	Section 5.9.
	 	Savings Clause	 	 	28	 
	Section 5.10.
	 	Amendment and Waiver	 	 	28	 
	Section 5.11.
	 	Severability	 	 	29	 
	Section 5.12.
	 	Entire Agreement	 	 	29	 
	Section 5.13.
	 	Successors and Assigns	 	 	29	 
	Section 5.14.
	 	Counterparts	 	 	29	 

i

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	Section 5.15.
	 	Remedies	 	 	29	 
	Section 5.16.
	 	Notices	 	 	30	 
	Section 5.17.
	 	Governing Law	 	 	32	 
	Section 5.18.
	 	Consent to Jurisdiction	 	 	32	 
	Section 5.19.
	 	Shareholder Capacity	 	 	33	 
	Section 5.20.
	 	Methodology for Calculations	 	 	33	 
	Section 5.21.
	 	Further Assurances	 	 	33	 

ii

 

SHAREHOLDERS AGREEMENT

          THIS SHAREHOLDERS AGREEMENT dated [          *          ], 2010, among (i) TTM
Technologies, Inc., a Delaware corporation (the “Company”), (ii) Meadville Holdings Limited, an
exempted company incorporated under the laws of the Cayman Islands with limited liability
(“Seller Parent”), (iii) Tang Hsiang Chien, an individual residing at Flat 6B, 20 Fa Po
Street, Yau Yat Chuen, Kowloon, Hong Kong (“Mr. Tang”), (iv) Su Sih (BVI) Limited, a
corporation organized under the laws of the British Virgin Islands (“SSL”) and wholly owned
by Mr. Tang, (v) Tang Chung Yen, Tom, an individual residing at House 58, Sunderland, 1 Hereford
Road, Kowloon Tong, Kowloon, Hong Kong, and the son of Mr. Tang (“Tom Tang”), and (vi) Tang
Ying Ming, Mai, an individual residing at Flat B, 6th Floor, 20 Fa Po Street, Yau Yat Chuen,
Kowloon, Hong Kong, and the daughter of Mr. Tang (“Mai Tang” and, together with Tom Tang,
the “Tang Siblings”) (such Tang Siblings, solely for the purposes of Sections 2.1(g),
2.2(a), 2.2(e), 5.1, 5.2, 5.3, 5.7, 5.10, 5.18 and 5.21).

WITNESSETH:

          WHEREAS, the Company and certain of its wholly owned Subsidiaries, Seller Parent, MTG
Investment (BVI) Limited, a corporation organized under the laws of the British Virgin Islands
(“Seller”) and a wholly owned Subsidiary of Seller Parent, and certain other parties have
entered into a Stock Purchase Agreement dated November 16, 2009 (the “Stock Purchase
Agreement”), pursuant to which, (i) on the date hereof (the “Closing Date”), Seller has
sold and transferred to TTM Hong Kong Limited, a corporation organized under the laws of the Hong
Kong Special Administrative Region of the People’s Republic of China (“Buyer” or “Asian
Holdco”) and an indirect wholly owned Subsidiary of the Company, all of the issued and
outstanding Capital Stock of each of: (i) MTG Management (BVI) Limited, a company incorporated
under the laws of the British Virgin Islands and a direct wholly owned Subsidiary of Seller, (ii)
MTG PCB (BVI) Limited, a company incorporated under the laws of the British Virgin Islands and a
direct wholly owned Subsidiary of Seller, (iii) MTG PCB No. 2 (BVI) Limited, a company incorporated
under the laws of the British Virgin Islands and a direct wholly owned Subsidiary of Seller, and
(iv) MTG Flex (BVI) Limited, a company incorporated under the laws of the British Virgin Islands
and a direct wholly owned Subsidiary of Seller (each, a “Transferred Entity” and
collectively, the “Transferred Entities”);

          WHEREAS, as partial consideration for the purchase of the Transferred Entities, the Company
has issued to Seller 36,334,000 shares of Company Common Stock, subject to adjustment pursuant to
Section 2.6 of the Stock Purchase Agreement (the “Equity Consideration”), representing
45.7% of the outstanding Company Common Stock, assuming no additional new issuances, buy backs or
cancellation of shares of the Company Common Stock outstanding from the date of the Stock Purchase
Agreement;

          WHEREAS, pursuant to the Stock Purchase Agreement, Seller Parent shall (A) in accordance with
the terms described in the Circular and Applicable Law, distribute all or a portion of the Equity
Consideration by way of dividend or other distribution from Seller Parent to its shareholders, with
Mr. Tang (in his personal capacity and his capacity as the trustee of the Tang

 

 

Family Trust) and TMIL directing the Company Common Stock entitled to be received by them from
such distribution be transferred to and registered in the name of and distributed to SSL (the date
of such distribution, the “Effective Date”) and (B) sell the remaining portion of the
Equity Consideration (the “Sell-Down”) in accordance with the plan of distribution included
as an exhibit to the Sell-Down Registration Rights Agreement (as defined in the Stock Purchase
Agreement) and distribute the net cash proceeds therefrom to the shareholders of Seller Parent;

          WHEREAS, pursuant to the distribution set forth in the immediately preceding recital, SSL is
expected to hold of record, and Mr. Tang is expected to Beneficially Own, on the Effective Date,
approximately 26,225,000 shares of the Company Common Stock, representing 33.0% of the Company’s
outstanding Common Stock, assuming no new issuances (other than the Equity Consideration), buy
backs or cancellation of shares of the Company Common Stock outstanding from the date of the Stock
Purchase Agreement, together with such additional shares of outstanding Company Common Stock (the
“Buy-In Shares”) (not to exceed 5,000,000 shares of Company Common Stock, representing 6.3%
of the Company’s outstanding Common Stock, assuming no new issuances (other than the Equity
Consideration), buy backs or cancellation of shares of the Company Common Stock outstanding from
the date of the Stock Purchase Agreement (the “Maximum Buy-In Shares”)) the Principal
Shareholders or their Affiliates may purchase in the Sell-Down, it being acknowledged that the
number of shares set forth herein shall be adjusted in the same manner as the Equity Consideration
is adjusted pursuant to Section 2.6 of the Stock Purchase Agreement; and

          WHEREAS, the parties hereto desire to establish certain restrictions and limitations with
respect to the shares of Company Common Stock to be Beneficially Owned by the Principal
Shareholders and their respective Affiliates from and after the Closing Date, as well as certain
restrictions and limitations on the Beneficial Ownership by the Principal Shareholders and their
respective Affiliates of Capital Stock of the Company, and to further establish certain further
arrangements with respect to voting and corporate governance matters involving the Company and
certain of its Subsidiaries, all as hereinafter set forth.

          NOW, THEREFORE, in consideration of the mutual premises and of the covenants and undertakings
hereinafter set forth, the parties hereto, intending to be legally bound, hereby agree as follows:

ARTICLE I

DEFINITIONS

          Section 1.1. Certain Defined Terms.
As used herein, the following terms shall have the following meanings:

          “Affiliate” means, with respect to any Person, any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with, such specified Person, and, with respect to a natural Person, shall also include the
spouse and minor children of such natural Person who share a household with such natural Person,
together with any other Person controlled by them and any revocable trust settled by them or any
trust of which such Person is a trustee.

2

 

          “Agreement” means this Shareholders Agreement, as it hereafter may be amended,
supplemented, restated or modified from time to time in accordance with Section 5.10 hereto.

          “Applicable Law” means all domestic and foreign federal, state and local statutes,
laws, ordinances, rules, administrative codes, administrative interpretations, regulations, orders,
writs, injunctions, directives, judgments, decrees, policies, ordinances, decisions, guidelines and
other requirements or stock exchange listing rules (including those of the Commission and any
national securities exchange on which the Company Common Stock is listed for trading or included
for quotation) applicable to any of the parties to this Agreement or any of their respective
Affiliates (or their respective properties or assets).

          “Asian PCB Entities” means any Transferred Entity, any Subsidiary of a Transferred
Entity, and any other Subsidiary of the Company that conducts or is otherwise engaged (whether
alone or together with other Subsidiaries) in Asia in the business of printed circuit boards.

          “Beneficial Ownership” by a Person of any securities means ownership by any Person who
directly, or indirectly through any contract, agreement, arrangement, understanding, plan,
commitment, relationship or otherwise, has or shares (i) voting power, which includes the power to
vote, or to direct, influence or cause the voting, of such security, and/or (ii) dispositive power,
which includes the power to dispose, or to direct, influence or cause the disposition, of such
security; and the use in this Agreement of such term (and all correlative terms as referred to in
the last sentence of this definition) shall be interpreted in accordance with Rule 13d-3 under the
Exchange Act (irrespective of whether the right to acquire any securities, or any right thereto or
interest therein, is exercisable immediately or only after the passage of time, including the
passage of time in excess of 60 days, the satisfaction of any conditions, the occurrence of any
event, or any combination of the foregoing). The terms “Beneficial Owner,”
“Beneficially Own” and “Beneficially Owned” shall have meanings correlative to
“Beneficial Ownership.”

          “Board” means the Board of Directors of the Company, as the same on the Closing Date,
or at any time thereafter, is constituted in accordance with Applicable Law, the Certificate of
Incorporation and the Bylaws.

          “Business Combination” means (A) any form of business combination or similar
transaction involving the Company or any Affiliate thereof, including, without limitation, a
merger, amalgamation, sale, acquisition, joint venture, consolidation, direct share exchange or
tender or exchange offer, (B) any form of restructuring, reorganization, recapitalization or
similar transaction with respect to the Company or any Affiliate thereof, and (C) any acquisition,
sale, disposition, lease, distribution, encumbrance, mortgage, pledge, liquidation or exchange of
the assets of the Company or any Affiliate thereof comprising a line of business, business segment
or division or going concern; in the case of clauses (A) and (B) above, irrespective of whether the
Company or any Affiliate of the Company is the surviving or resulting entity of any such
transaction and irrespective of whether any Capital Stock of the Company or any Affiliate of the
Company is converted into or exchanged for cash, securities or any other property in any such
transaction.

3

 

          “Business Day” means any day that is either not (i) a Saturday, a Sunday or other day
on which banks are required or authorized by law to be closed in New York City or (ii) a Saturday,
a Sunday or other day on which banks in Hong Kong are not open for general banking business, or a
day on which a tropical cyclone warning No. 8 or above or a “black rainstorm warning signal” is
hoisted in Hong Kong at any time between 9:00 a.m. and 5:00 p.m.

          “Buyer Benefit and Compensation Arrangement” shall have the meaning given to such term
in the Stock Purchase Agreement.

          “Bylaws” means the Second Amended and Restated Bylaws of the Company, as in effect
immediately following the Closing Date and as the same thereafter may be amended, supplemented,
restated or otherwise modified from time to time.

          “Capital Stock” means, with respect to any Person at any time, any and all shares,
equity interests, rights to share in capital surplus or profits or receive a distribution of assets
upon liquidation or dissolution, or other equivalents (however designated or classified, whether
voting or non-voting) of capital stock, partnership interests (whether general or limited), limited
liability company interests or units, member interests or equivalent ownership interests in or
issued by such Person, and any and all warrants, options or other securities exercisable or
exchangeable for, or convertible into, any of the foregoing.

          “Certificate of Incorporation” means the Certificate of Incorporation of the Company,
as in effect immediately following the Closing Date and as the same thereafter may be amended,
supplemented, restated or otherwise modified from time to time.

          “Change of Control Event” means the occurrence of the following event:

          (i) any Person (other than the Principal Shareholders or their respective Affiliates) or a
Group (whose members do not include any Principal Shareholders or any of their respective
Affiliates) is or becomes the Beneficial Owner, directly or indirectly, of 35% or more of the
Voting Securities of the Company; and

          (ii) such Person or Group uses the votes attached to its Voting Securities to cause the
individuals who on the date hereof constituted the Board, together with any Directors whose
nomination by the Board was approved by a vote of either a majority of the Directors on the date
hereof or by a majority of the then Directors whose nomination was previously so approved, to cease
to constitute a majority of the board of directors of the Company; and

          (iii) the Principal Shareholders shall have voted the Voting Securities Beneficially Owned by
them (to the extent permitted under this Agreement) against any transaction or approval brought
before the holders of Company Common Stock pursuant to which such Person or Group acquired
Beneficial Ownership of 35% or more of the Voting Securities of the Company or (to the extent
permitted under this Agreement) against the election of any Director proposed or nominated by such
Person or Group.

          “Closing Period” means the period commencing on the Closing Date and expiring upon the
distribution of Company Common Stock on the Effective Date.

4

 

          “Commission” means the United States Securities and Exchange Commission.

          “Company Common Stock” means the shares of common stock, $0.001 par value per share,
of the Company, and any securities (or rights thereto or interests therein) issued in respect
thereof, or in substitution therefor, pursuant to any stock split, dividend, subdivision or
combination, or pursuant to any reclassification, recapitalization, reorganization, merger,
consolidation, share exchange or other similar transaction involving the Company and authorized and
approved by the Board.

          “control” (including the correlative terms “controlled by” and “under
common control with”), with respect to the relationship between or among two or more Persons,
means the possession directly, or indirectly through the ownership of voting securities, as trustee
or executor, by contract, or by any other means whatsoever, of the power to direct or cause the
direction of the policies or management of a Person; provided, that with respect to any
Person who is a natural Person, the following Persons (to the extent there is no agreement, plan,
understanding or arrangement in effect that evidences or contemplates a control relationship) shall
be deemed not to be controlled by such Person: (i) a parent of such natural Person, (ii) a sibling
of such natural Person, (iii) an adult child not sharing a residence with such natural Person and
(iv) an entity (x) for which such natural Person serves solely as a director and not as an officer
or employee and (y) in which such natural Person Beneficially Owns less than 10% of any class of
voting equity securities.

          “Credit Agreement” means the credit agreement dated November 16, 2009 between (i)
Meadville Enterprises (HK) Limited, Mica-Ava China Limited, Oriental Circuits Limited, MTG (PCB)
No.2 (BVI) Limited and OPC Manufacturing Limited as borrowers; (ii) the parties named therein as
the original guarantors; (iii) The Hongkong and Shanghai Banking Corporation Limited as
coordinator; (iv) the financial institutions named therein as the original lenders; (v) Citic Ka
Wah Bank Limited named therein as the issuing bank; (vi) The Hongkong and Shanghai Banking
Corporation Limited Company named therein as the facility agent; (vii) Hang Seng Bank Limited named
therein as the security trustee; (viii) Standard Chartered Bank (Hong Kong) Limited named therein
as security agent; and (ix) The Hongkong and Shanghai Banking Corporation Limited named therein as
the factoring agent in relation to a US$582,500,000 credit facility.

          “DGCL” means the General Corporation Law of the State of Delaware, as amended.

          “Director” means any member of the Board (other than any advisory, honorary or other
non-voting member of, or Person with observer rights in respect of, the Board), and any reference
in this Agreement to “a majority of the Directors” means a majority of the Directors assuming that
there are no vacancies or unfilled directorships on the Board.

          “Effective Period” means all times from and after the Closing Date until the
termination of this Agreement as provided in Section 5.4.

          “Equity Rights” shall have the meaning given to such term in the Stock Purchase
Agreement.

5

 

          “Exchange Act” means the United States Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated by the Commission thereunder from time to time (or under
any successor statute).

          “Group” has the meaning assigned to it in Section 13(d)(3) of the Exchange Act.

          “Lock-Up Period” means the period beginning on the Effective Date and ending on the
18-month anniversary thereof.

          “Maximum Unrestricted Voting Percentage” means, on any date, with respect to the
Principal Shareholders and their respective Affiliates, shares of Company Common Stock having 23%
of the Total Voting Power.

          “Organizational Documents” means, with respect to any Person that is a corporation,
its articles or certificate of incorporation or memorandum and articles of association, as the case
may be, and bylaws or bye-laws, as the case may be; with respect to any Person that is a
partnership, its certificate of partnership and partnership agreement; with respect to any Person
that is a limited liability company, its certificate of formation and limited liability company or
operating agreement; with respect to any Person that is a trust or other entity, its declaration or
agreement of trust or other constituent document; and with respect to any other Person, its
comparable organizational and constituent documents, in each case, as the same may be amended or
restated.

          “Percentage Ownership Cap” means, on any date, with respect to the Principal
Shareholders and their respective Affiliates, a percentage represented by the fraction, (i) the
numerator of which is the sum of (x) the number of shares of the Company Common Stock Beneficially
Owned by the Principal Shareholders on the Closing Date; and (y) the number of Buy-In Shares
acquired by the Principal Shareholders in the Sell-Down; and (ii) the denominator of which shall be
the total number of shares of the Company Common Stock outstanding on the Closing Date.

          “Person” means any individual, corporation, limited liability company, limited or
general partnership, association, joint-stock company, trust, unincorporated organization, other
entity, or government or any agency or political subdivision thereof.

          “Principal Shareholders” means, on any date, Mr. Tang, and (i) any other Affiliate of
Mr. Tang or (i) any of the Tang Siblings or their respective Affiliates, in each case which is a
holder of record of Company Common Stock from time to time and becomes a party to this Agreement
pursuant to Section 3.2(g) including, on the Effective Date, SSL.

          “Securities Act” means the United States Securities Act of 1933, as amended, and the
rules and regulations promulgated by the Commission thereunder from time to time (or any successor
statute).

          “Sell-Down Registration Rights Agreement” has the meaning given to such term in the
Stock Purchase Agreement.

6

 

          “Seller Parent Shares” means the shares of par value of HK$0.01 each in the share
capital of Seller Parent.

          “Subsidiary” means, with respect to any Person, any corporation or other organization,
whether incorporated or unincorporated (i) of which such Person or any other Subsidiary of such
Person is a general partner (excluding partnerships, the general partnership interests of which
held by such Person or any Subsidiary of such Person, do not represent a majority of the voting or
equivalent interests in such partnership), or (ii) (x) a majority of the Capital Stock of which is
directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries
or by such Person and one or more of its Subsidiaries or (y) the Capital Stock of which is directly
or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries or by
such Person and one or more of its Subsidiaries and have by their terms ordinary voting power to
elect a majority of the board of directors or others performing similar functions with respect to
such corporation or other organization.

          “Tang Family Trust” means The Mein et Moi Trust, a discretionary trust established
under the laws of the Island of Jersey, which Mr. Tang is the sole trustee thereof.

          “Third Party Tender Offer” means a bona fide offer commenced and conducted in
accordance with Regulation 14D or 14E under the Exchange Act, by a Person (other than a Principal
Shareholder or any of its Affiliates, or the Company or any of its Affiliates, or any Group that
includes as a member thereof a Principal Shareholder or any of its Affiliates) to purchase or
exchange for cash, securities and/or any other property all of the then outstanding Company Common
Stock.

          “TMIL” means Top Mix Investments Limited, a corporation organized under the laws of
the British Virgin Islands.

          “Total Voting Power” means, on any date, the total number of votes represented by, and
entitled to be cast by holders of, outstanding Voting Securities determined in accordance with
Section 5.20.

          “Transfer” (including the correlative terms “Transferring,”
“Transferee” and “Transferred”) means the direct or indirect sale, transfer,
assignment, pledge, conveyance, encumbrance, hypothecation or other disposition (whether by
operation of law, by means of foreclosure or otherwise, whether or not for consideration, and
whether voluntarily or involuntarily), or the entry into any contract, agreement, arrangement,
understanding, plan, commitment or relationship with respect to the sale, transfer, assignment,
pledge, conveyance, encumbrance, hypothecation or other disposition (whether by operation of law or
otherwise, whether or not for consideration and whether voluntarily or involuntarily), of any
Capital Stock of the Company or any interest in or right to any Capital Stock of the Company;
provided, that for purposes of this Agreement, the term Transfer also shall include the
transfer (including, without limitation, by way of sale, disposition or any other means) to a third
party of an Affiliate of any Principal Shareholder, or of such Principal Shareholder’s interest in
an Affiliate, which Beneficially Owns Company Common Stock, resulting in such Affiliate ceasing to
be an Affiliate of any of the Principal Shareholders.

7

 

          “Voting Securities” means, on any date, the total number of shares of all classes and
series of Capital Stock of the Company which are entitled to vote on any Company matter (other than
solely on matters of class rights), whether pursuant to Applicable Law, the Certificate of
Incorporation, the Bylaws or any other instrument or agreement, including all securities
convertible into, or exercisable or exchangeable for, such shares of such Capital Stock.

          Section 1.2. Other Defined Terms.
The following terms shall have the meanings defined for such terms in this Agreement in the
Sections set forth below:

	 	 	 
	TERM	 	SECTION
	 
	 	 
	Acquire

	 	Section 2.1(a)
	Asian Holdco

	 	Preamble
	Asian PCB Nominee
	 	Section 4.3(b)
	Asian PCB Nominees
	 	Section 4.3(b)
	Board Asian Holdco Nominee
	 	Section 4.3(a)
	Board Asian Holdco Nominees
	 	Section 4.3(a)
	Buyer
	 	Preamble
	Closing Date
	 	Preamble
	Company
	 	Preamble
	Competing Activity
	 	Section 5.2
	Effective Date
	 	Preamble
	Equity Awards
	 	Section 2.1(e)
	Equity Consideration
	 	Preamble
	Key Employees
	 	Section 4.3(g)(i)
	Mai Tang
	 	Preamble
	Manager
	 	Section 5.3
	Mr. Tang
	 	Preamble
	Post-Closing Dividends
	 	Section 2.1(f)
	Prohibited Actions
	 	Section 2.2(a)
	Sell-Down
	 	Preamble
	Seller
	 	Preamble
	Seller Parent
	 	Preamble
	Seller Party Group
	 	Section 5.2(a)
	Shareholder Asian Holdco Nominee
	 	Section 4.3(a)
	Shareholder Asian Holdco Nominees

	 	Section 4.3(a)
	Shareholder Nominee
	 	Section 4.1(a)
	SSL
	 	Preamble
	Stock Purchase Agreement
	 	Preamble
	Tang Siblings
	 	Preamble
	Tom Tang
	 	Preamble
	Transferred Entities
	 	Preamble
	Transferred Entity
	 	Preamble

8

 

          Section 1.3. Other Definitional Provisions.
Unless the express context otherwise requires:

          (a) the words “hereof,” “herein,” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of
this Agreement;

          (b) the terms defined in the singular have a comparable meaning when used in the plural and
vice versa;

          (c) the terms “Dollars” and “$” mean United States Dollars;

          (d) references in this Agreement to a specific Section, Clause or Schedule shall refer,
respectively, to Sections, Clauses or Schedules of this Agreement;

          (e) wherever the word “include,” “includes,” or “including” is used in this Agreement, it
shall be deemed to be followed by the words “without limitation”; and

          (f) references in this Agreement to either gender includes the other gender.

ARTICLE II

SHARE OWNERSHIP

          Section 2.1. Acquisition of Additional Securities.

          (a) Subject to the other provisions of this Section 2.1, each Principal Shareholder
undertakes, covenants and agrees with the Company that, without the prior written approval of the
Board, during the Effective Period, the Principal Shareholders shall not, directly or indirectly,
and they shall not permit any of their respective Affiliates, directly or indirectly, to acquire,
or offer, propose or agree to acquire, whether by means of open market purchase, privately
negotiated purchase, tender or exchange offer, through the acquisition of control of another Person
(whether by way of merger, consolidation, share exchange or otherwise), by becoming a member of or
joining a Group, or otherwise, Beneficial Ownership (hereinafter, “Acquire”) of:

               (i) any shares of Company Common Stock, if any such shares so Acquired, when aggregated with
all other shares of Company Common Stock then Beneficially Owned by the Principal Shareholders and
their respective Affiliates, would cause the Beneficial Ownership of Company Common Stock by the
Principal Shareholders and their respective Affiliates to exceed the Percentage Ownership Cap; and

               (ii) any Capital Stock of the Company not constituting Company Common Stock (excluding Equity
Rights permitted to be Acquired by any employee or director of the Company pursuant to Section
2.1(e) or (g)(ii) below).

          (b) If at any time during the Effective Period, the Company engages in any open market share
repurchase program (including any such program conducted in accordance with Rule 10b5-1, Rule
10b-18 and Regulation M under the Exchange Act) or commences and

9

 

conducts an issuer self-tender offer or otherwise engages in any other transaction pursuant to
which any Capital Stock of the Company ceases to be outstanding, and as a result of which the
Beneficial Ownership of Company Common Stock by the Principal Shareholders and their respective
Affiliates exceeds the Percentage Ownership Cap, no such Principal Shareholder shall be, or be
deemed, in violation of Section 2.1(a), or required to Transfer any Company Common Stock as a
result thereof.

          (c) The parties hereto acknowledge and agree that no Principal Shareholder shall be, or be
deemed, in violation of Section 2.1(a) or required to Transfer any Company Common Stock as a result
thereof, to the extent any shares of Capital Stock of the Company are Acquired by any of the
Principal Shareholders or their respective Affiliates pursuant to a dividend or other distribution
of such securities (including any issuance in connection with a shareholder rights plan or any
rights offering of securities made to the Company’s then existing shareholders) approved by the
Board and made by the Company on a pro rata basis to (i) all holders of Company Common Stock or
(ii) all holders of Company Common Stock not prohibited by Applicable Law from participation
therein.

          (d) Without limiting the generality of Section 2.1(a) of this Agreement, all Capital Stock of
the Company Beneficially Owned by the Principal Shareholders (to the extent Acquired as described
in Section 2.1(c)) and their respective Affiliates during the Effective Period shall be subject to
all of the prohibitions and restrictions contained in this Agreement.

          (e) Notwithstanding the foregoing, this Section 2.1 shall not prohibit any individual
Affiliate of the Principal Shareholders who is an employee of the Company or any of its
Subsidiaries from receiving any grants of any Equity Rights (including restricted stock units,
restricted stock or stock options) from the Company, or from Acquiring any Company Common Stock
upon the vesting or exercise of such Equity Rights, provided that such Equity Rights or Company
Common Stock were issued under a Buyer Benefit and Compensation Arrangement in the ordinary course
of business as part of the compensation of such individual employee. Any Equity Rights or Company
Common Stock Acquired by any individual Affiliate of the Principal Shareholders in accordance with
this Section 2.1(e) shall not be counted towards the calculation of the Percentage Ownership Cap of
the Principal Shareholders for purposes of Section 2.1(a).

          (f) Notwithstanding the foregoing, the prohibitions set forth in this Section 2.1 shall not be
deemed to be violated by (i) Seller Parent holding shares of the Company Common Stock comprising
the Equity Consideration (including, if applicable, any dividends or other distributions made by
the Company in respect of the Equity Consideration after the Closing Date which are received by
Seller Parent (collectively, “Post-Closing Dividends”)) from the Closing Date until the
Effective Date, or by the Seller Parent holding shares of Company Common Stock which (together with
the Principal Shareholders and their respective Affiliates) aggregate greater than the Percentage
Ownership Cap after the Effective Date, provided that all such shares of Company Common Stock held
by the Seller Parent are to be sold in the Sell-Down; or (ii) the Acquisition by the Principal
Shareholders or any of their respective Affiliates of up to the Maximum Buy-In Shares from Seller
Parent (or underwriters or placement agents acquiring such Company Common Stock from Seller Parent
for purposes of distribution ) in any transactions contemplated in the Sell-Down Registration
Rights Agreement, provided that any

10

 

such Affiliate which prior to such time is not a Principal Shareholder, becomes a Principal
Shareholder in accordance with Section 3.2(g) at or prior to the time of such Acquisition.

          (g) Each Tang Sibling undertakes, covenants and agrees with the Company that, without the
prior written approval of the Board, during the Effective Period, the Tang Siblings shall not,
directly or indirectly, and they shall not permit any of their respective Affiliates, directly or
indirectly, to Acquire any shares of Capital Stock of the Company, except (i) in connection with
any Transfer effected in accordance with Section 3.2(g); (ii) in connection with the receipt of any
grants of any Equity Rights (including restricted stock units, restricted stock or stock options)
from the Company, or from Acquiring any Company Common Stock upon the vesting or exercise of such
Equity Rights, provided that such Equity Rights or Company Common Stock were issued under a Buyer
Benefit and Compensation Arrangement in the ordinary course of business as part of the compensation
of such Tang Sibling as an employee or as a director of the Company or any of its Subsidiaries; or
(iii) any other Acquisition of shares of Capital Stock of the Company provided that at or prior to
the time of such Acquisition, such Tang Sibling becomes a Principal Shareholder in accordance with
Section 3.2(g), so long as such acquisition does not cause any Principal Shareholder or their
Affiliates to breach Section 2.1(a) through (f) of this Agreement.

          (h) Any Company Common Stock Acquired by a Tang Sibling in accordance with Section 2.1(g)(i)
or (iii) shall be counted towards the calculation of the Percentage Ownership Cap of the Principal
Shareholders for purposes of Section 2.1(a). Any Equity Rights or Company Common Stock Acquired by
a Tang Sibling in accordance with Section 2.1(g)(ii) shall not be counted towards the calculation
of the Percentage Ownership Cap of the Principal Shareholders for purposes of Section 2.1(a).

          Section 2.2. Prohibition of Certain Actions.

          (a) Except as otherwise expressly permitted or required by this Agreement (including Article
IV), during the Effective Period, the Principal Shareholders and the Tang Siblings shall not
directly, or indirectly through one or more intermediaries or otherwise, and shall cause each of
their respective Affiliates not to directly, or indirectly through one or more intermediaries or
otherwise (each of the actions referred to in or contemplated by the following provisions of this
Section 2.2(a) being hereafter referred to as “Prohibited Actions”):

               (i) initiate, make, propose or in any way participate in, or induce, facilitate or encourage
any other Person to initiate, make, propose or in any way participate in, any “solicitation” of
“proxies” (as such terms are defined or used in Regulation 14A under the Exchange Act) or consents
or authorizations with respect to any Voting Securities, whether subject to or exempt from
Regulation 14A under the Exchange Act, or advise, encourage or influence any Person (other than any
other Principal Shareholder or its Affiliates) with respect to the voting of any Voting Securities;

               (ii) vote with respect to any proposal made or submitted by any Person (including any proposal
of the type contemplated by Rule 14a-8 under the Exchange Act, as the same hereafter may be
amended, and whether precatory or binding) that relates to the adoption,

11

 

modification or repeal of any anti-takeover or “shark repellent” provision set forth on
Schedule 2.2(a)(ii) hereto;

               (iii) submit to the Company or the Board any proposal or offer with respect to, or otherwise
initiate, make or propose, any Business Combination, to the extent that such proposal or offer is
made public by or on behalf of the Principal Shareholders or its Affiliates, or is required to be
publicly disclosed under Applicable Law (including through filings under Section 13(d) or (g), or
Section 16 of the Exchange Act (or successor provisions)), or induce, facilitate or encourage any
Person (other than any other Principal Shareholder or its Affiliates) to initiate, make or propose
any Business Combination;

               (iv) vote with respect to any Business Combination;

               (v) vote in the election of any Director or seek to vote to remove any Director (except with
respect to the Shareholder Nominee);

               (vi) form, join or in any way participate in, or induce, facilitate or encourage the formation
of, any Group (other than a Group consisting solely of Principal Shareholders and their respective
Affiliates that is formed for purposes not in violation of Section 2.1(a) or any other provision of
this Agreement), including, without limitation, for the purposes of matters set forth in this
Section 2.2(a), or otherwise enter into any contract, agreement, arrangement, understanding, or
plan, commitment or relationship with any Person (including acting as a joint or co-bidder with
another party) to take any of the actions or matters referred to in this Section 2.2(a), or vote
(or cause to be voted) any Voting Securities Beneficially Owned by them “for” (or execute and
deliver or cause to be executed and delivered consents in respect of any Voting Securities
Beneficially Owned by them with respect to) any of the actions or matters referred to in this
Section 2.2(a); or

               (vii) publicly announce, make any filing under the Exchange Act (except filings relating
solely to the disclosure of Beneficial Ownership of the Principal Shareholders and their respective
Affiliates, or the pecuniary interest of the Principal Shareholders and their respective Affiliates
in, Capital Stock of the Company, including filings under Sections 13(d) or (g) and Section 16
under the Exchange Act (or successor provisions)) or disclose any expression of interest, term
sheet, offer, proposal or other written communication regarding any of the matters referred to in
this Section 2.2(a).

          (b) Nothing in this Section 2.2 shall limit the ability of (i) any Shareholder Nominee to
initiate, make or propose any matter to the Board, or to vote or abstain from voting on any such
matter, in each case solely in his or her capacity as a Director, or to participate in
deliberations of the Board (or in any such case, any committee thereof to the extent appointed
thereto) in such a manner as is consistent with such Director’s fiduciary duties under Applicable
Law, (ii) any Shareholder Asian Holdco Nominee to initiate, make or propose any matter to the board
of Asian Holdco, or to vote or abstain from voting on any such matter, in each case solely in his
or her capacity as a director of Asian Holdco, or to participate in deliberations of the board of
Asian Holdco (or in any such case, any committee thereof to the extent appointed thereto) in such a
manner as is consistent with such director’s fiduciary duties under Applicable Law or (iii) any
Asian PCB Nominee to initiate, make or propose any matter to the board of the applicable

12

 

Asian PCB Entity, or to vote or abstain from voting on any such matter, in each case solely in
his or her capacity as a director of the applicable Asian PCB Entity, or to participate in
deliberations of the board of such applicable Asian PCB Entity (or in any such case, any committee
thereof to the extent appointed thereto) in such a manner as is consistent with such director’s
fiduciary duties under Applicable Law.

          (c) Nothing in this Section 2.2 shall limit the ability of the Principal Shareholders and
their respective Affiliates to Transfer Capital Stock of the Company Beneficially Owned by such
Principal Shareholders or their respective Affiliates in accordance with and pursuant to a Third
Party Tender Offer or participate in any Business Combination; provided that (i) such Third
Party Tender Offer or such Business Combination (as the case may be) has been approved or
recommended by a majority of the Directors and (ii) such Transfer of Capital Stock of the Company
is made in accordance with and pursuant to such Third Party Tender Offer or such Business
Combination (as the case may be).

          (d) Each Principal Shareholder agrees that he or it shall be jointly and severally liable for
any breach of this Agreement by any of his or its controlled Affiliates.

          (e) Each Principal Shareholder and Tang Sibling undertakes that, without limiting the express
language of any provision of this Agreement, he, she or it will not at any time enter into any
plan, scheme, contract, agreement or other arrangement for the purpose of evading the restrictions
and prohibitions to which he, she or it and their Affiliates are subject in this Agreement.

ARTICLE III

TRANSFER RESTRICTIONS

          Section 3.1. General Transfer Restrictions.
The right of the Principal Shareholders and their respective Affiliates to Transfer any
Capital Stock of the Company Beneficially Owned by them is subject to the restrictions set forth in
this Article III. No Transfer by the Principal Shareholders or any of their respective Affiliates
of any Capital Stock of the Company Beneficially Owned by them shall be effected except in
compliance with this Article III. Any attempted Transfer in violation of this Agreement shall be of
no effect and shall be null and void, regardless of whether the purported Transferee has any actual
or constructive knowledge of the Transfer restrictions set forth in this Agreement, and such
purported Transfer shall not be recorded on the stock transfer books of the Company.

          Section 3.2. Specific Restrictions on Transfer.

          (a) During the Lock-Up Period, the Principal Shareholders shall not, and shall not permit any
of their respective Affiliates to, Transfer any Capital Stock of the Company Beneficially Owned by
them; provided, that the foregoing restriction shall not be applicable to Transfers:

               (i) to one or more Principal Shareholders or their respective Affiliates;

13

 

               (ii) pursuant to transactions expressly permitted by Section 2.2(c) hereof;

               (iii) to the Company or any of its Subsidiaries, including pursuant to any open market share
repurchase program or an issuer self-tender offer or any other transaction pursuant to which any
Capital Stock of the Company is Acquired by the Company or any of its Subsidiaries or any plan or
trust or similar Buyer Benefit and Compensation Arrangement in respect of which voting is
controlled by the Company or any of its Subsidiaries; or

               (iv) pursuant to transactions approved in advance by the Board.

          (b) From and after the expiration of the Lock-Up Period, the Principal Shareholders and their
respective Affiliates shall be permitted to Transfer any Capital Stock of the Company Beneficially
Owned by them (i) to any Person, or Persons acting in a Group (whose members do not include any
Principal Shareholders or any of their respective Affiliates), who after consummation of such
Transfer, to the actual knowledge of the Principal Shareholders, would not have Beneficial
Ownership in the aggregate of more than 9.9% of the outstanding shares of Company Common Stock,
provided that such Transfer(s) shall be made in compliance with Applicable Law, or (ii) pursuant to
transactions set forth in Section 3.2(a)(i) through (iv).

          (c) The Principal Shareholders shall not, and shall not permit any of their respective
Affiliates to, Transfer any Capital Stock of the Company Beneficially Owned by them if, as a result
of such Transfer, the Company would no longer be in compliance with clause 23.16(c) of the Credit
Agreement (it being hereby acknowledged and agreed that the reference to clause 23.16(c) is
intended to refer to the covenant contained therein relating to minimum Beneficial Ownership by the
Principal Shareholders and their respective Affiliates as existing on the Effective Date);
provided, that the restriction in this Section 3.2(c) shall no longer apply on the earliest
to occur of (i) the date on which the outstanding loan under the Credit Agreement is repaid in
full, discharged, satisfied or refinanced, (ii) upon the expiration of the Credit Agreement or
(iii) the Final Maturity Date (as defined in the Credit Agreement).

          (d) During the Lock-Up Period, the Principal Shareholders shall not, and shall not permit any
of their respective Affiliates to, directly or indirectly, loan or permit to be loaned any Capital
Stock of the Company Beneficially Owned by them or any voting rights therein (other than proxies,
powers of attorney and appointment of corporate representatives enabling any of them to vote on
matters on which they are permitted to vote hereunder).

          (e) The Principal Shareholders shall not, and shall not permit any of their respective
Affiliates to, directly or indirectly, effect any Transfer of economic rights in any Voting
Securities Beneficially Owned by them without also Transferring in the same transaction to the same
Person the voting rights associated with such Voting Securities or effect any Transfer of voting
rights in any Voting Securities Beneficially Owned by them without also Transferring in the same
transaction to the same Person the economic rights associated with Voting Securities.

          (f) Notwithstanding anything to the contrary in Section 3.2, the Principal Shareholders shall
be permitted to Transfer any Voting Securities Beneficially Owned by them into a trust where the
beneficiaries consist solely of the Principal Shareholders, any of their

14

 

respective Affiliates, and/or any family members and/or lineal descendants of the Principal Shareholders and/or any of
their respective Affiliates and/or for charitable purposes, and to the estate of a Principal
Shareholder upon the death of such Principal Shareholder, provided that the
executor of the estate of such Principal Shareholder as a Transferee executes a counterpart
signature page to this Agreement stating that with respect to such estate, it agrees to be bound
by all of the obligations of a Principal Shareholder under this Agreement.

          (g) (A) Prior to the Transfer of any Voting Securities to any Principal Shareholder or
Affiliate of a Principal Shareholder to the extent permitted by this Agreement, or to any trust or
estate to the extent permitted by Section 3.2(f), such Transferee (which, in the case of a trust,
shall mean the trustee of such trust in such capacity and in the case of an estate of a Principal
Shareholder, shall mean the executor of such estate) shall, and the Principal Shareholder effecting
such Transfer shall cause such Transferee to; and (B) each Principal Shareholder shall cause each
Affiliate of such Principal Shareholder that Acquires shares of Company Common Stock pursuant to
Section 2.1(f)(ii), prior to such Acquisition, to; and (C) each Tang Sibling that Acquires shares
of Company Common Stock pursuant to 2.1(g)(iii), shall, prior to such Acquisition, (i) execute a
counterpart signature page to this Agreement stating that with respect to such Transferee,
Affiliate or Tang Sibling (as applicable), it agrees to be bound by all of the obligations of a
Principal Shareholder under this Agreement, and (ii) such Transferee, Affiliate or Tang Sibling (as
applicable) shall, and (in the case of clause (A) above, the Principal Shareholder effecting such
Transfer shall cause such Transferee to), represent and warrant to the Company that (i) such
Transferee, Affiliate or Tang Sibling (as applicable) has the requisite capacity and authority to
execute the aforesaid counterpart signature page and thereby become legally bound by the terms of
this Agreement, (ii) the restrictions and limitations in this Agreement thereby are enforceable
against such Transferee, Affiliate or Tang Sibling (as applicable) (except as enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or
affecting creditors’ rights generally or by general equitable principles), (iii) such Transferee,
Affiliate or Tang Sibling (as applicable) is not a party to any proxy, voting trust or other
agreement that is inconsistent with or conflicts with any provision of this Agreement and (iv) if
such Transferee or Affiliate is not a natural Person, that the execution, delivery and performance
by such Transferee or Affiliate of its respective obligations under this Agreement do not conflict
with or violate any provision of the Organizational Documents of such Transferee or Affiliate.

          (h) The Company shall make a notation on its records or give instructions to any transfer
agents or registrars for the Capital Stock of the Company in order to implement the restrictions on
Transfer set forth in this Agreement and shall ensure such notation is amended or removed to
reflect, at any time, the restrictions as applicable at such time.

          Section 3.3. Other Capital Stock.
In the event the Company declares a dividend or other distribution payable in Capital Stock
of the Company, any Transfer of such Capital Stock Beneficially Owned by any Principal Shareholder
or any of its Affiliates shall be governed by this Article III.

15

 

          Section 3.4. Distribution of Company Common Stock. Notwithstanding any other provision of this Agreement, nothing in this Agreement shall:

          (a) restrict or prevent Seller Parent, during the Closing Period or at any time thereafter,
from distributing or otherwise Transferring by way of dividend or other distribution (i) any Equity
Consideration (including, if applicable, any Post-Closing Dividends) to any holder of Seller Parent
Shares; and (ii) pursuant to a transaction contemplated by the Sell-Down Registration Rights
Agreement;

          (b) require any Principal Shareholder to comply with Section 3.2 with respect to the Transfer
by Seller Parent of the Equity Consideration (including, if applicable, any Post-Closing
Dividends), by way of (i) dividend or other distribution of any Company Common Stock to its
shareholders, including the Transfer of Company Common Stock to SSL, with Mr. Tang (in his personal
capacity and his capacity as the trustee of the Tang Family Trust) and TMIL directing the Company
Common Stock entitled to be received by them from such distribution to be issued and registered in
the name of SSL and (ii) subject to the election of each shareholder of Seller Parent, the sale of
the remaining portion of the Equity Consideration (including, if applicable, any Post-Closing
Dividends) in accordance with the plan of distribution set forth as an exhibit to the Sell-Down
Registration Rights Agreement and the distribution of the net cash proceeds thereof to the
shareholders of Seller Parent on the record date for such dividend or other distribution; and

          (c) cause any Principal Shareholder or its Affiliates to be in breach of this Agreement merely
by effecting the transactions described and contemplated under the Circular of Seller Parent to be
distributed to the shareholders of Seller Parent in accordance with the listing rules of The Stock
Exchange of Hong Kong Limited, including the transactions described therein.

          Notwithstanding anything to the contrary set forth herein, no voting restrictions contained in
this Agreement (including Section 2.2 and Section 4.5) shall apply to shares of the Company Common
Stock that are distributed to shareholders of Seller Parent who are not Principal Shareholders or
their respective Affiliates, unless and until such shares of Company Common Stock are acquired by
the Principal Shareholders or any of their respective Affiliates.

ARTICLE IV

CORPORATE GOVERNANCE

          Section 4.1. Company Board Representation.

          (a) On the Closing Date, the Board shall increase the total number of Directors constituting
the Board and enlarge by one Director the class of Directors whose terms expire in 2010, and shall
promptly elect Mr. Tang Chung Yen, Tom (such individual and any replacement or substitute
individual that may be nominated by the Principal Shareholders pursuant to this Section 4.1, the
“Shareholder Nominee”) as a Director to fill the vacancy created by such increase. To the
extent nominations are to be made or instructions are to be provided by
the Principal Shareholders under this Agreement, the Principal Shareholders agree to provide
such nominations or instructions jointly.

16

 

          (b) During the Effective Period, the Principal Shareholders shall have the right to nominate
one Shareholder Nominee, unless one Shareholder Nominee is then serving in a class of Directors
whose term is not expiring at the upcoming annual meeting of shareholders, and the Board shall
elect such Shareholder Nominee as a Director (to the extent that no Shareholder Nominee is then
serving as a Director) until the next annual meeting of shareholders, and shall nominate and
recommend to the Company’s shareholders such Shareholder Nominee for election as a Director of the
Company at such next annual meeting of shareholders.

          (c) Each Shareholder Nominee nominated pursuant to this Section 4.1 must at all times be
reasonably acceptable to the Nominating and Governance Committee of the Board in accordance with
the Company’s director-nominee criteria and qualifications specified in its Nominating Committee
Charter, the Certificate of Incorporation, the Bylaws, and the Company’s corporate governance
policies and procedures (to the same extent such requirements are applicable to all Directors).
The approval of the Nominating and Governance Committee of the Board shall not be unreasonably
withheld or delayed, and the Nominating and Governance Committee of the Board shall at all times
exercise its approval rights equitably among all Board nominees and in the best interests of the
Company and in accordance with its members’ fiduciary duties as Directors. It is acknowledged and
agreed that Mr. Tang Chung Yen, Tom, has been determined to be acceptable to the Nominating and
Governance Committee of the Board.

          (d) During the Effective Period, with respect to each Shareholder Nominee nominated for
election at any meeting of the Company’s shareholders at which Directors are to be elected who
satisfies the requirements set forth in Section 4.1(c), the Company will use its commercially
reasonable efforts to cause the election of such Shareholder Nominee as a Director of the Company
by including his or her name in any proxy materials prepared by or on behalf of the Company and
recommending that the shareholders of the Company vote to elect such Shareholder Nominee as a
Director of the Company. The Company acknowledges and agrees that it will use, at a minimum, such
efforts to the same extent and degree as the efforts the Company uses to nominate and recommend for
election other Board nominees as Directors; provided, however, nothing in this Section
4.1(d) shall require the Company to adjourn or postpone any meeting of shareholders at which
Directors are to be elected or take extraordinary solicitation or recommendation efforts if such
actions are not similarly taken with regard to the other Board nominees for election to the Board,
including that the Company will not be obligated to pay any costs associated with such
extraordinary efforts (other than any costs the Company pays with respect to other Board nominees)
with regard to the election of such Shareholder Nominee as a Director.

          (e) During the Effective Period the Principal Shareholders shall have the right, upon written
notice delivered to the Company, to request that the Nominating and Governance Committee of the
Board refrain from nominating the Shareholder Nominee for election as a Director at the next
meeting of the shareholders of the Company at which the Directors in the class of Directors in
which the Shareholder Nominee currently sits are to be elected. Upon the receipt of such notice,
the Nominating and Governance Committee of the
Board shall refrain from nominating such Shareholder Nominee for election as a Director at
such meeting, and Principal Shareholders shall have the right to nominate a replacement Shareholder

17

 

Nominee for election at such meeting, in accordance with and subject to the provisions of Section
4.1(h).

          (f) Any Shareholder Nominee elected by the shareholders of the Company or the Board shall
execute and deliver, and Mr. Tang and/or the Principal Shareholders (as the case may be) shall
obtain from such Shareholder Nominee, an irrevocable written resignation from the Board binding in
accordance with Section 141(b) of the DGCL and the Bylaws, conditioned and effective immediately
upon the Principal Shareholders and their respective Affiliates ceasing to Beneficially Own shares
of Company Common Stock representing at least 9.9% of the Total Voting Power.

          (g) From and after the Closing Date, if at any time the Principal Shareholders and their
respective Affiliates do not Beneficially Own shares of Company Common Stock representing at least
9.9% of the Total Voting Power, and the Shareholder Nominee shall not have otherwise resigned in
accordance with Section 4.1(f), then Mr. Tang and the Principal Shareholders shall use commercially
reasonable efforts to cause the Shareholder Nominee to resign from or vacate the Board. In the
event of a Shareholder Nominee resignation pursuant to Section 4.1(f) or this Section 4.1(g), the
resulting vacancy shall be filled by a Director recommended by the Nominating and Governance
Committee of the Board in accordance with the Company’s director-nominee criteria and
qualifications specified in its Nominating Committee Charter, the Certificate of Incorporation, the
Bylaws, and the Company’s corporate governance policies and procedures.

          (h) During the Effective Period, upon the death, resignation, retirement or removal from
office of any Shareholder Nominee, or the failure of the Nominating and Governance Committee of the
Board to nominate any Shareholder Nominee for election as a Director at any meeting of shareholders
of the Company at which Directors are to be elected (including pursuant to a request by the
Principal Shareholders pursuant to Section 4.1(e)), then (i) the Board shall not reduce the number
of Company directorships to eliminate the vacancy created thereby, (ii) the Principal Shareholders
shall have the right to nominate a replacement Shareholder Nominee (who must satisfy the
requirements set forth in Section 4.1(c)), and (iii) (A) if such vacancy was caused by the death,
resignation, retirement or removal from office of such Shareholder Nominee prior to the expiration
of his or her term as a Director, the Board shall take such actions necessary to promptly elect
such replacement Shareholder Nominee as a Director to fill such vacancy or (B) if such vacancy was
caused by the failure of the Nominating and Governance Committee of the Board to nominate such
Shareholder Nominee for election as a Director at any meeting of shareholders at which such
Shareholder Nominee’s term as a Director is set to expire (including pursuant to a request by the
Principal Shareholders pursuant to Section 4.1(e)), the Company will use its commercially
reasonable efforts to cause the election of such replacement Shareholder Nominee as a Director of
the Company in accordance with Section 4.1(d).

          (i) Without limiting any of the other provisions of Section 4.1, during the Effective Period,
the Principal Shareholders shall have the right to nominate a replacement Shareholder Nominee, for
a Shareholder Nominee nominated and elected in accordance with this
Section 4.1 at the expiration or termination of such Shareholder Nominee’s term. Each such
replacement Shareholder Nominee being nominated must satisfy the requirements set forth in

18

 

Section 4.1(c), and the Company will use its commercially reasonable efforts to cause the election of such
replacement Shareholder Nominee as a Director of the Company in accordance with Section 4.1(d).

          (j) Without limiting any of the other provisions of Section 4.1, during the Effective Period,
in the event any Shareholder Nominee is required to submit his or her resignation to the Chairman
of the Board for consideration by the Nominating and Governance Committee of the Board, or any
notice of resignation previously submitted to the Board by such Shareholder Nominee becomes
effective, in either case as a result of failing to obtain the requisite Company shareholder votes
for election as Director pursuant to any provision of the Certificate of Incorporation or Bylaws or
pursuant to any Applicable Law, in each case concerning non-plurality voting in the election of
Directors, and, if required pursuant to such Certificate of Incorporation or Bylaw provision or
Applicable Law, the Nominating and Governance Committee of the Board makes a recommendation to the
Board concerning the acceptance or rejection of such resignation and the Board decides to accept
such Shareholder Nominee’s resignation, then (i) the Board shall not reduce the number of Company
directorships to eliminate the vacancy created thereby, (ii) the Principal Shareholders shall have
the right to nominate a replacement Shareholder Nominee (who must satisfy the requirements set
forth in Section 4.1(c)), and (iii) the Board shall take such actions necessary to elect such
replacement Shareholder Nominee as a Director to fill such vacancy.

          (k) The Company shall enter into indemnification agreements and maintain Directors and
Officers liability insurance for the benefit of each Shareholder Nominee elected to the Board with
respect to all periods during which such Shareholder Nominee is a Director, on terms, conditions
and amounts as is reasonably prudent and customary for directors and officers of Delaware
corporations listed on the Nasdaq Global Market and the business in which the Company and its
Subsidiaries are engaged, and on the same terms and conditions as such indemnification and
insurance is provided to the other members of the Board, and shall use commercially reasonable
efforts to cause such indemnification and insurance to be maintained in full force and effect. The
Company shall provide such Shareholder Nominee with all benefits (including all fees and
entitlements) on substantially the same terms and conditions as are provided to other members of
the Board performing similar roles.

          Section 4.2. Company Board Committee Representation. From and after the Closing Date, membership on any committee of the Board (including,
without limitation, the Nominating and Governance Committee of the Board, Audit Committee and
Compensation Committee) shall be as determined by the Board (or as otherwise specified in the
charter for such committee).

          Section 4.3. Board Representation of Asian Holdco and Asian PCB Entities; Governance.

          (a) The parties hereby agree that during the Effective Period, a majority of the directors
constituting the board of directors of Asian Holdco shall be nominees of the Principal
Shareholders, and all of the other directors constituting such boards shall be nominated by
the Nominating and Governance Committee of the Board. In furtherance thereof, on the Closing Date,
the parties hereto shall take all action necessary to (i) either increase the total number of

19

 

directors constituting the board of directors of Asian Holdco or cause the removal or resignation
of directors thereon so that upon such increase and such removals and resignations, as applicable,
each of such boards shall consist of a total of five directors, (ii) elect three nominees of the
Principal Shareholders to serve as directors on such board (each a “Shareholder Asian Holdco
Nominee” and, collectively, the “Shareholder Asian Holdco Nominees”) and (iii) elect
two nominees of the Nominating and Governance Committee of the Board to serve as directors on such
board (each a “Board Asian Holdco Nominee” and, collectively, the “Board Asian Holdco
Nominees”). The Principal Shareholders shall have the right, upon written notice to delivered
to the Company, to request that any Shareholder Asian Holdco Nominee be removed as a director of
Asian Holdco. Upon the receipt of such notice, the Company shall cause such Shareholder Asian
Holdco Nominee to be removed as a director of the Asian Holdco.

          (b) The parties hereby agree that during the Effective Period, at least a majority of the
directors constituting the board of directors of the Asian PCB Entities shall be nominees of the
Principal Shareholders. In furtherance thereof, on the Closing Date, the parties hereto shall use
commercially reasonable efforts to, to the extent permitted by Applicable Law and the
organizational documents of the applicable Asian PCB Entity, (i) increase the total number of
directors constituting the board of directors of the Asian PCB Entities or cause the removal or
resignation of directors thereon and (ii) elect (or cause to be elected) the nominees of the
Principal Shareholders to serve as directors on such board, which nominees shall constitute at
least a majority of the directors on such board (each a “Asian PCB Nominee” and,
collectively, the “Asian PCB Nominees”). The Principal Shareholders shall have the right,
upon written notice delivered to the Company, to request that any Asian PCB Nominee be removed as a
director of the applicable Asian PCB Entity. Upon the receipt of such notice, the Company shall
cause such Asian PCB Nominee to be removed as a director of the applicable Asian PCB Entity.

          (c) During the Effective Period, upon the death, resignation, retirement or removal from
office of any Shareholder Asian Holdco Nominee or Asian PCB Nominee, the Principal Shareholders
shall be entitled promptly to nominate a replacement Shareholder Asian Holdco Nominee or Asian PCB
Nominee, as applicable, who meets the qualifications of a director of Asian Holdco or the
applicable Asian PCB Entity, and the parties shall to the fullest extent permitted by Applicable
Law, take all action necessary to cause the election of such replacement Shareholder Asian Holdco
Nominee or Asian PCB Nominee as a director of Asian Holdco or the applicable Asian PCB Entity.

          (d) From and after the Closing Date, upon the death, resignation, retirement or other removal
from office of any Board Asian Holdco Nominee, the Nominating and Governance Committee of the Board
shall be entitled promptly to nominate a replacement Board Asian Holdco Nominee who meets the
qualifications of a director of Asian Holdco, and the parties shall use their respective
commercially reasonable efforts to elect or cause the election of such replacement Board Asian
Holdco Nominee as a director of Asian Holdco, to the extent permitted by and subject to the
requirements under Applicable Law.

          (e) All Shareholder Asian Holdco Nominees and Asian PCB Nominees elected pursuant to this
Section 4.3 shall execute and deliver, and a Principal Shareholder shall obtain from all such
Shareholder Asian Holdco Nominees and Asian PCB Nominees, an irrevocable written resignation from
the board of directors of Asian Holdco and the Asian PCB

20

 

Entities, as applicable, conditioned and
effective immediately upon the Principal Shareholders and their respective Affiliates ceasing to
Beneficially Own shares of Company Common Stock representing at least 9.9% of the Total Voting
Power.

          (f) From and after the Closing Date, if at any time the Principal Shareholders and their
respective Affiliates do not Beneficially Own shares of Company Common Stock representing at least
9.9% of the Total Voting Power, and any Shareholder Asian Holdco Nominee or Asian PCB Nominee shall
not have otherwise resigned in accordance with Section 4.3(e), then the Principal Shareholders
shall use commercially reasonable efforts to cause all of such Shareholder Asian Holdco Nominees
and Asian PCB Nominees to resign and vacate the board of each of Asian Holdco and the applicable
Asian PCB Entities. In the event of a resignation of a Shareholder Asian Holdco Nominee or Asian
PCB Nominee pursuant to this Section 4.3(f), the resulting vacancies shall be filled by a director
recommended by the Nominating and Governance Committee of the Board.

          (g) The parties hereto acknowledge and agree that from and after the Closing Date, none of the
Subsidiaries of Asian Holdco or Asian PCB Entities shall enter into or effectuate any of the
following actions without the prior approval of the Board at a meeting with respect to which such
transaction was specifically described in a written notice of meeting duly provided to the
Directors in accordance with the Certificate of Incorporation and the Bylaws, as applicable, and
Applicable Law:

               (i) the annual budget and business plans, including annual capital expenditures and
compensation programs, including, without limitation, base salary and incentive compensation levels
for any key employee of any Asian PCB Entity, Asian Holdco or Subsidiary of Asian Holdco, in each
case who is required to report directly to the chief executive officer of Asian Holdco or the chief
executive officer of the Company (collectively, the “Key Employees”);

               (ii) the hiring, promotion and termination of employment of any Key Employees;

               (iii) any merger, consolidation, reorganization, recapitalization or restructuring or similar
business combination involving any Asian PCB Entity or Subsidiary of Asian Holdco;

               (iv) any sale of assets by any Asian PCB Entity, Asian Holdco or Subsidiary of Asian Holdco,
in one or a series of related transactions in any twelve-month period, in any such case of an
aggregate value of over $30,000,000, excluding sales (including sales of inventory) in the ordinary
course of business of such Asian PCB Entity, Asian Holdco or Subsidiary of Asian Holdco;

               (v) any strategic alliance, joint venture or other similar transaction involving any Asian PCB
Entity or Subsidiary of Buyer, other than transactions in the ordinary course of business of such
entity, as applicable;

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               (vi) the pursuit by any Asian PCB Entity, Asian Holdco or Subsidiary of Asian Holdco of a line
of business that is materially different from the lines of business of such entity is engaged in
immediately prior to the Closing Date;

               (vii) any material restatement, modification or amendment of the Organizational Documents of
Asian Holdco;

               (viii) any financing transactions (whether debt or equity) of a value over $30,000,000
involving any Asian PCB Entity, Asian Holdco or Subsidiary of Asian Holdco, any incurrence,
assumption or guarantee, or any cancellation of any indebtedness of a value over $30,000,000 of any
Asian PCB Entity, Asian Holdco or Subsidiary of Asian Holdco, or the declaration of any dividends
or other distributions in respect of the Capital Stock of any Asian PCB Entity, Asian Holdco or
Subsidiary of Asian Holdco (other than to the Company or any of its Subsidiaries);

               (ix) prior to taking any action, or omitting to take any action, to the extent that such
action or omission would not comply with legal or financial reporting requirements applicable to
any Asian PCB Entity, Asian Holdco, or any Subsidiary of Asian Holdco, in each case under material
Applicable Law, provided that without limiting the generality of the foregoing, the following shall
be deemed to be material Applicable Law: reporting requirements under the Securities Act and the
Exchange Act, and reporting requirements under applicable rules and regulations of the United
States Department of Defense, the Sarbanes-Oxley Act of 2002 and any national securities exchange
on which the Company Common Stock is then listed for trading or quoted;

               (x) any filing by any Asian PCB Entity, Asian Holdco or Subsidiary of Buyer of a voluntary
petition seeking liquidation, reorganization, arrangement or readjustment, in any form, of its
debts under any insolvency law, or the filing an answer consenting to or acquiescing in any such
petition, or the making of any general assignment for the benefit of its creditors of all or
substantially all of such entity’s assets;

               (xi) any (i) payment, discharge, settlement or satisfaction of any claims, actions,
litigations, arbitrations, disputes or other proceedings (absolute, accrued, asserted, contingent
or otherwise) involving any Asian PCB Entity, Asian Holdco or Subsidiary of Asian Holdco, in each
case in an amount over $5,000,000, or (ii) the commencement of any claims, actions, litigations,
arbitrations, disputes or other proceedings by any Asian PCB Entity or Subsidiary of Asian Holdco
where the amount in dispute is over $5,000,000, in each case excluding actions taken in the
ordinary course of business; and

               (xii) any material changes relating to any taxes, tax returns or method of accounting or
accounting practices or tax accounting of any Asian PCB Entity or Subsidiary of Buyer.

          (h) The parties shall use their respective commercially reasonable efforts to obtain, within
10 days hereof, from financially sound and reputable insurers, Directors and Officers liability
insurance on, and shall cause Asian Holdco or the applicable Asian PCB Entity to enter into
indemnification agreements with, each of the Shareholder Asian Holdco Nominees,

22

 

the Board Asian Holdco Nominees and the Asian PCB Nominees, in each case with respect to all periods during which
such person is a director of Asian Holdco or the applicable Asian PCB Entity, on terms, conditions
and amounts as is reasonably prudent and customary for directors and officers of Subsidiaries of
Delaware corporations listed on the Nasdaq Global Market and the businesses in which Asian Holdco,
the Asian PCB Entities and other Subsidiaries of Asian Holdco are engaged, and on the same terms
and conditions as such indemnification and insurance is provided to the other members of the
respective boards, and shall use their commercially reasonable efforts to cause such
indemnification and insurance policies to be maintained. Asian Holdco and the Asian PCB Entities
shall provide the Shareholder Asian Holdco Nominees, the Board Asian Holdco Nominees and the Asian
PCB Nominees with all benefits (including all fees and entitlement) as are provided to other
members of the respective board performing similar roles.

          Section 4.4. Vote Required for Board Action; Board Quorum. Any determination or other
action of or by the Board (other than action by unanimous written
consent in lieu of a meeting) shall require the affirmative vote or consent, at a meeting at which
a quorum is present, of a majority of Directors present at such meeting. A quorum for any meeting
of the Board shall require the presence of a majority of the total number of Directors then in
office.

          Section 4.5. Voting Arrangements.

          (a) Notwithstanding anything to the contrary in this Agreement (including Section 2.2), during
the Effective Period, the Principal Shareholders shall vote or act by written consent with respect
to all Voting Securities Beneficially Owned by them against the approval or adoption of all
proposals and matters (including, without limitation, all Prohibited Actions) that would, if
approved or adopted, have the effect of circumventing or rendering ineffective any provision of
this Agreement, except as otherwise expressly provided in this Section 4.5.

          (b) Notwithstanding anything to the contrary in this Agreement (including Section 2.2), during
the Effective Period, at all times when any provision of the Certificate of Incorporation or Bylaws
or any provision of Applicable Law, in each case concerning non-plurality voting in the election of
Directors, and any related director resignation policies or procedures are applicable to the
Company, with respect to each election of Directors (except for the election of the Shareholder
Nominee as a Director), the Principal Shareholders shall, and shall cause each of their respective
Affiliates to, vote or, to the extent applicable, act, by written consent with respect to all of
the Voting Securities Beneficially Owned by them in direct proportion to the votes cast or written
consents delivered by all other holders of Voting Securities who are not Affiliates of the Company
with respect to each of the Director nominees recommended by the Nominating and Governance
Committee of the Board and nominated by the Board.

          (c) Notwithstanding anything to the contrary in this Agreement (including Section 2.2), during
the Effective Period, with respect to each of the matters set forth below that is submitted to the
shareholders of the Company for approval or adoption under Applicable Law and/or the Company’s
Certificate of Incorporation and Bylaws, (x) the Principal Shareholders and their respective
Affiliates may vote or act by written consent with respect to all of the Voting Securities
Beneficially Owned by them up to the Maximum Unrestricted Voting Percentage in

23

 

their sole
discretion “for” or “against” or “abstaining” from the resolution on such matters and (y) the
Principal Shareholders shall, and shall cause each of their respective Affiliates to vote or, to
the extent applicable, act, by written consent with respect to all of the Voting Securities
Beneficially Owned by them in excess of the Maximum Unrestricted Voting Percentage only in direct
proportion to the votes cast or written consents delivered by all other holders of Voting
Securities who are not Affiliates of the Company on such matter:

               (i) any Business Combination that has been approved or recommended by a majority of the Board;

               (ii) any transaction or approval brought before the holders of Company Common Stock which
would involve the Company changing the nature of its business as conducted on the date hereof;

               (iii) any increase in the number of shares of Capital Stock of the Company authorized in the
Certificate of Incorporation, or the creation of any new class or series of Capital Stock of the
Company which increase or creation requires the approval or adoption of the shareholders of the
Company under Applicable Law or the Certificate of Incorporation or Bylaws, in any such case to the
extent such increase or creation is in connection with any Business Combination or anti-takeover
matter approved by a majority of the Board;

               (iv) any issuance of equity securities of the Company in one transaction or a series of
related transactions that requires the approval of the shareholders of the Company under Applicable
Law and/or the Certificate of Incorporation or Bylaws, to the extent such issuance is in connection
with any Business Combination, or anti-takeover matter approved by a majority of the Board; and

               (v) any amendment of the Company’s Certificate of Incorporation or Bylaws relating to any of
the matters referred to on Schedule 2.2(a)(ii) hereto that is either proposed or
recommended and approved by the Board.

          (d) Notwithstanding anything to the contrary in this Agreement (including Section 2.2), the
Principal Shareholders and their Affiliates may vote, act by written consent, initiate, make,
propose or participate in any manner any “solicitation” of “proxies” (as such terms are defined or
used in Regulation 14A under the Exchange Act) or consents or authorizations with respect to any
Voting Securities, whether subject to or exempt from Regulation 14A under the Exchange Act, or
advise, encourage or influence any Person with respect to the voting of any Voting Securities, in
each case with respect to the matters relating to the rights of the Principal Shareholders set
forth in this Article IV, including (i) the election of the Shareholder Nominee as a Director or
the removal of the Shareholder Nominee from the Board and (ii) any amendment of the Company’s
Certificate of Incorporation or Bylaws that
would, if approved or adopted, have the effect of circumventing or rendering ineffective any
rights of the Principal Shareholders under this Agreement (it being acknowledged and agreed that
the mere proposed adoption or repeal by the Directors of any of the Certificate of Incorporation or
Bylaw provisions set forth on Schedule 2.2(a)(ii) hereto or the incurrence of any debt or
the creation or authorization of any class or series of Capital Stock of the Company, in

24

 

and of
itself, shall not be deemed to have the effect of circumventing or rendering ineffective any rights
of the Principal Shareholders under this Agreement).

          (e) Subject to the prohibitions set forth in Section 2.2 and this Section 4.5, the Principal
Shareholders may at their option, vote or act by written consent with respect to all of the shares
of Voting Securities Beneficially Owned by them in their sole discretion with respect to all other
matters.

          (f) During the Effective Period, other than with respect to any Prohibited Actions, or any
other proposal or matter that would, if approved or adopted, have the effect of circumventing or
rendering ineffective any provision of this Agreement, the Principal Shareholders shall be present
in person or represented by proxy or corporate representative at all annual and special meetings of
shareholders of the Company to the extent necessary so that all Voting Securities Beneficially
Owned by them shall be counted as present for the purpose of determining the presence of a quorum
at such meeting and to vote such shares to the extent required in accordance with this Section 4.5.

          (g) During the Effective Period, the Board shall not, and shall not recommend or propose to
the shareholders of the Company to, approve or adopt any amendment of the Company’s Certificate of
Incorporation or Bylaws, or take any other actions that would, if approved or adopted, have the
effect of circumventing or rendering ineffective any rights of the Principal Shareholders under
this Agreement (it being hereby acknowledged and agreed that the proposed adoption or repeal by the
Directors of any of the Certificate of Incorporation or Bylaw provisions set forth on Schedule
2.2(a)(ii) hereto or the incurrence of any debt or the creation or authorization of any class
or series of Capital Stock of the Company, in and of itself, shall not be deemed to have the effect
of circumventing or rendering ineffective any rights of the Principal Shareholders under this
Agreement).

          (h) Notwithstanding any other provisions in this Agreement, the Principal Shareholders shall
vote all Voting Securities held by them to make any changes as are necessary or desirable to amend
the Certificate of Incorporation and Bylaws of the Company to remove any inconsistency between such
documents and the provisions of this Agreement.

ARTICLE V

MISCELLANEOUS

          Section 5.1. Non-Contravention. Each party represents and warrants that he, she or it has not granted and is not a party to
any proxy, voting trust or other agreement that is inconsistent with or conflicts with any
provision of this Agreement. Each party that is not a natural Person represents and warrants that
the execution, delivery and performance by such party of its respective obligations under this
Agreement do not conflict with or violate any provision of the Organizational Documents of
such party.

          Section 5.2. Non-Compete.

          (a) Subject to Section 5.2(b) and Section 5.4, Mr. Tang, Tang Siblings, Seller, Seller Parent
and other Principal Shareholders agree that for the period commencing on the

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Closing Date until the
earlier of (i) the fifth anniversary of the Closing Date or (ii) the Principal Shareholders and
their respective Affiliates or any Group containing one or more Principal Shareholders or their
respective Affiliates Beneficially Own shares of Company Common Stock representing less than 9.9%
of the Total Voting Power for a period of twelve months, neither they nor any of their controlled
Affiliates shall, directly or indirectly (other than as a shareholder of the Company and through
designees on the Board or the board of directors of one or more Subsidiaries of the Company or
otherwise for the benefit of the Company and its controlled Affiliates), engage in any Competing
Activity or own any equity interest in any Person that engages in any Competing Activity. For
purposes of this Section 5.2, “Competing Activity” shall mean the business of manufacturing and
distributing printed circuit boards and providing related goods and services (including circuit
design, quick-turn-around services and drilling and routing services).

          (b) Notwithstanding anything in this Section 5.2 to the contrary, neither Mr. Tang, Tang
Siblings, Seller, Seller Parent, other Principal Shareholders, nor any of their respective
controlled Affiliates (collectively, the “Seller Party Group”) shall be precluded from,
directly or indirectly:

               (i) owning any equity interest in any Person that engages in a Competing Activity, as a result
of or otherwise in connection with: (x) any acquisition transaction in which any Principal
Shareholder is acquiring, directly or indirectly, one or more businesses engaged in any activity in
addition to a Competing Activity; provided that such Competing Activity by value is less than 25%
of the value of the business or businesses being acquired; or (y) the enforcement of a security
interest held as a result of engaging in an otherwise permissible activity; provided, that the
Seller Party Group shall, as soon as reasonably practicable after acquiring the assets constituting
the Competing Activity or secured by such security interest, and on a basis consistent with
maximizing value in the ordinary course of business, use commercially reasonable efforts to divest
itself of such assets, unless the Seller Party Group would otherwise not be prohibited from holding
such assets pursuant to this Section 5.2;

               (ii) engaging, or owning an interest, in any type of business other than a Competing Activity
that any member of the Seller Party Group is engaged in as of the date of the Stock Purchase
Agreement (regardless of the legal form or Person through which such business may be conducted from
time to time), including, without limitation, the Laminate Business (as defined in the Stock
Purchase Agreement); or

               (iii) without prejudice to and without limiting sub-section (ii) above, owning any Capital
Stock in any Person that engages in a Competing Activity in the ordinary course of business of any
member of the Seller Party Group; provided, that such Capital Stock constitutes less than 5% of the
Capital Stock of such Person, and such Capital Stock is listed on a securities exchange or a stock
exchange in any jurisdiction.

          Section 5.3. Non-Solicitation. Subject to Section 5.4, each of Mr. Tang, Tang Siblings, Seller, Seller Parent and the Principal
Shareholders agrees that, except to the extent as may violate Applicable Law, for the period
commencing on the Closing Date and expiring on the thirty-sixth month anniversary of the Closing
Date, without the prior written consent of the

26

 

Company, neither it nor any of its Affiliates shall,
directly or indirectly (other than on behalf of the Company or one of its controlled Affiliates),
(i) solicit or recruit for employment or any similar arrangement any management level employee of a
Transferred Entity designated as a manager on the Closing Date (each, a “Manager”), (ii)
hire or assist any other Person in hiring any such Manager or (iii) solicit or encourage any such
Managers to leave such Manager’s employment; provided, however, that this Section 5.3 (x) shall not
apply to Managers who have not been employed by the Company or any of its controlled Affiliates
(including the Transferred Entities) at any time during the sixth month prior to the applicable
inducing, encouraging, soliciting or hiring, (y) shall not apply to Persons whose employment was
terminated by the Company or any of its controlled Affiliates and (z) shall not prohibit general
solicitations for employment through advertisements or other means (including the hiring of any
Person resulting therefrom that is not known to be a Manager, to the extent the solicitation is
non-targeted).

          Section 5.4. Termination. This Agreement shall terminate and be of no further force or effect (except for this
Section 5.4, Sections 5.15 through 5.18 and the obligations of the parties contained in Section 5.2
(Non-Compete) and Section 5.3 (Non-Solicitation), which obligations shall survive subject to the
terms set forth therein) (i) upon the unanimous written consent of the parties hereto, (ii)
automatically and without any further action by the parties hereto upon the dissolution of the
Company in accordance with Applicable Law, or (iii) automatically and without any further action by
the parties hereto upon the earlier of (A) the 181st day next following the time when
the Principal Shareholders and their respective Affiliates or any Group containing one or more
Principal Shareholders or their respective Affiliates Beneficially Own shares of Company Common
Stock representing less than 9.9% of the Total Voting Power or (B) the occurrence of a Change of
Control Event (to the extent that CFIUS shall not have objected to or taken any action to block or
enjoin such termination within 30 days following the occurrence of such Change of Control Event).
Notwithstanding anything to the contrary in this Agreement, if this Agreement is terminated upon
the occurrence of a Change of Control Event in accordance with this Section 5.4, the restrictions
on Transfer in Section 3.2(c) shall also survive such termination. This Agreement shall terminate
and be of no further effect with respect to a party (other than Mr. Tang, the Tang Siblings or the
Company) when it ceases to be a Principal Shareholder. Nothing in this Section 5.4 shall be deemed
to release any party from any liability for any fraud or willful breach of this Agreement occurring
prior to the termination hereof or to
impair the right of any party to compel specific performance by any other party of its
obligations under this Agreement.

          Section 5.5. Representations of the Company. The Company hereby represents and warrants to the Principal Shareholders and Tang Siblings
that (i) this Agreement has been duly and validly authorized by the Company and all necessary and
appropriate action has been taken by the Company to execute and deliver this Agreement and to
perform its obligations hereunder and (ii) this Agreement has been duly and validly executed and
delivered by the Company and assuming the due authorization and valid execution and delivery by the
other parties hereto, this Agreement is a valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting
creditors’ rights generally or by general equitable principles.

27

 

          Section 5.6. Representations of the Principal Shareholders. Each of the Principal Shareholders hereby represents and warrants to the Company that (i)
this Agreement has been duly and validly authorized by it and all necessary and appropriate action
has been taken by such Principal Shareholder to execute and deliver this Agreement and to perform
its obligations hereunder and (ii) this Agreement has been duly and validly executed and delivered
by such Principal Shareholder and assuming the due authorization and valid execution and delivery
by the other parties hereto, this Agreement is a valid and binding obligation of such Principal
Shareholder, enforceable against such Principal Shareholder in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other
similar laws relating to or affecting creditors’ rights generally or by general equitable
principles.

          Section 5.7. Representations of Mr. Tang and the Tang Siblings. Each of Mr. Tang and the Tang Siblings hereby represents and warrants to the Company that
(i) he or she has full legal capacity to execute and deliver this Agreement and to perform his or
her obligations hereunder and (ii) assuming the due authorization and valid execution and delivery
by the other parties hereto, this Agreement is a valid and binding obligation of Mr. Tang and such
Tang Sibling, enforceable against him or her in accordance with its terms, except as enforceability
may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws
relating to or affecting creditors’ rights generally or by general equitable principles. If Mr.
Tang or such Tang Sibling is married, and Mr. Tang or such Tang Sibling needs spousal or other
approval for this Agreement to be valid and binding, the execution and delivery of this Agreement
and the performance of his obligations hereunder have been duly authorized by Mr. Tang’s or such
Tang Sibling’s spouse.

          Section 5.8. Ownership Information. For purposes of this Agreement, all determinations of the amount of outstanding Capital
Stock of the Company shall be based on information set forth in the most recent quarterly or annual
report, and any current report subsequent thereto, filed by the Company with the Commission, unless
the Company shall have updated such information by delivery of written notice to Mr. Tang.

          Section 5.9. Savings Clause. No provision of this Agreement shall be construed to require any party or its Affiliates to
take any action that would violate any Applicable Law.

          Section 5.10. Amendment and Waiver. Except as otherwise provided herein, this Agreement may not be amended except by an
instrument in writing signed on behalf of each of the parties hereto at the relevant time. No
modification, amendment or waiver of any provision of this Agreement, and no giving of any consent
provided for hereunder, in either case, with respect to the Company shall be effective unless such
modification, amendment, waiver or consent is approved by a majority of the Directors and with
respect to the Principal Shareholders (other than Mr. Tang), unless signed
by each Principal Shareholder which at the relevant time is a party hereto, with respect to
Mr. Tang, signed by Mr. Tang and with respect to a Tang Sibling, signed by such Tang Sibling. The
failure of any party to enforce any of the provisions of this Agreement shall in no way be
construed as a waiver of such provisions and shall not affect the right of such party thereafter to
enforce each and every provision of this Agreement in accordance with its terms.

28

 

          Section 5.11. Severability. If any provision of this Agreement shall be declared by any court of competent jurisdiction
to be illegal, void or unenforceable, all other provisions of this Agreement shall not be affected
and shall remain in full force and effect.

          Section 5.12. Entire Agreement. Except as otherwise expressly set forth herein, this Agreement, the Stock Purchase
Agreement and the other Ancillary Agreements (as defined in the Stock Purchase Agreement), together
with the several agreements and other documents and instruments referred to herein or therein or
annexed hereto or thereto or delivered in connection herewith or therewith, embody the complete
agreement and understanding among the parties hereto with respect to the subject matter hereof and,
except in the case of fraud, supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, that may have related to the subject
matter hereof in any way.

          Section 5.13. Successors and Assigns. Except as expressly provided in and in accordance with Section 3.2, neither this Agreement
nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties
hereto, in whole or in part (whether by operation of law or otherwise), without the prior written
consent of the other parties (which, in the case of the Company’s consent, shall require approval
of a majority of the Directors), and any attempt to make any such assignment without such consent
shall be null and void; provided that a Principal Shareholder shall be entitled to assign
or partially assign (for partial Transfers) its rights related to the shares of Company Common
Stock it Transfers to any Affiliate Transferee of such shares of Company Common Stock, in
accordance with Section 3.2. Subject to the foregoing, this Agreement will be binding upon, inure
to the benefit of and be enforceable by, the parties and their respective successors (including any
executor or administrator of a party’s estate) and permitted assigns.

          Section 5.14. Counterparts. This Agreement may be executed in separate counterparts each of which shall be an original
and all of which taken together shall constitute one and the same agreement.

          Section 5.15. Remedies.

          (a) Each party hereto acknowledges that monetary damages would not be an adequate remedy in
the event that each and every one of the covenants or agreements in this Agreement are not
performed in accordance with their terms, and it is therefore agreed that, in
addition to, and without limiting, any other remedy or right it may have, the non-breaching
party will have the right to an injunction, temporary restraining order or other equitable relief
in any court of competent jurisdiction enjoining any such breach and enforcing specifically each
and every one of the terms and provisions hereof. Each party hereto agrees not to oppose the
granting of such relief in the event a court determines that such a breach has occurred, and to
waive any requirement for the securing or posting of any bond in connection with such remedy.

          (b) All rights, powers and remedies provided under this Agreement or otherwise available in
respect hereof at law or in equity shall be cumulative and not alternative, and the exercise or
beginning of the exercise of any thereof by any party shall not preclude the simultaneous or later
exercise of any other such right, power or remedy by such party.

29

 

          Section 5.16. Notices. All notices and other communications hereunder shall be in writing and shall be addressed
as follows (or at such other address for a party as shall be specified by like notice):

          If to the Company:

TTM Technologies, Inc.

2630 South Harbor Blvd.

Santa Ana, California 92704

Telephone: (714) 327-3048

Facsimile: (714) 432-7234

Email: kalder@ttmtech.com

Attention: Kent Alder

          with a copy (which shall not constitute notice) to:

Greenberg Traurig, LLP

2375 East Camelback Road

Suite 700

Phoenix, Arizona 85016

Telephone: (602) 445-8000

Facsimile: (602) 445-8100

E-mail: kaplanm@gtlaw.com

Attention: Michael L. Kaplan, Esq.

and

Greenberg Traurig, LLP

The MetLife Building

200 Park Avenue

New York, New York 10166

Telephone: (212) 801-9200

Facsimile: (212) 801-6400

E-mail:  neimethc@gtlaw.com

marsicoa@gtlaw.com

Attention: Clifford E. Neimeth, Esq.

Anthony J. Marsico, Esq.

          If to the Mr. Tang and/or the Principal Shareholders:

Mr. Tang Hsiang Chieng

Flat B, 6th Floor,

20 Fa Po Street,

Yau Yat Chuen, Kowloon,

Hong Kong

Telecopy: +852-2660-1908

Email: vivien.lee@meadvillegroup.com

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          with a copy (which shall not constitute notice) to:

Skadden, Arps, Slate, Meagher & Flom

42/F, Edinburgh Tower

The Landmark

15 Queen’s Road Central

Hong Kong

Telephone: +852-3740-4703

Facsimile: +852-3740-4727

E-mail: jonathan.stone@skadden.com

Attention: Jonathan Stone, Esq.

          If to the Tang Siblings:

Mr. Tang Chung Yen, Tom

House 58, Sunderland,

1 Hereford Road,

Kowloon Tong, Kowloon,

Hong Kong

Telecopy: +852-2660-1908

E-mail: tom.tang@meadvillegroup.com

Ms. Tang Ying Ming, Mai

Flat B, 6th Floor, 20 Fa Po Street,

Yau Yat Chuen, Kowloon,

Hong Kong

Telecopy: +852-2660-1908

E-mail: mai.tang@meadvillegroup.com

          with a copy (which shall not constitute notice) to:

Skadden, Arps, Slate, Meagher & Flom

42/F, Edinburgh Tower

The Landmark

15 Queen’s Road Central

Hong Kong

Telephone: +852-3740-4703

Facsimile: +852-3740-4727

E-mail: jonathan.stone@skadden.com

Attention: Jonathan Stone, Esq.

All such notices or communications shall be deemed to have been delivered and received: (a) if
delivered in person, on the day of such delivery, (b) if by facsimile, on the day on which such
facsimile was sent; provided, that an appropriate electronic confirmation or answerback is
received, or (c) if by a recognized next day courier service, on the first Business Day following
the date of dispatch. Each notice, written communication, certificate, instrument and other
document required to be delivered under this Agreement shall be in the English language, except

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to
the extent that such notice, written communication, certificate, instrument and other document is
required by Applicable Law to be in a language other than English.

          Section 5.17. Governing Law. THIS AGREEMENT, THE LEGAL RELATIONSHIP BETWEEN THE PARTIES AND THE ADJUDICATION AND THE
ENFORCEMENT HEREOF AND THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE
WITH THE INTERNAL, SUBSTANTIVE AND PROCEDURAL LAWS OF THE STATE OF DELAWARE APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED WHOLLY WITHIN THAT JURISDICTION, WITHOUT GIVING EFFECT TO THE
CONFLICTS OF LAW RULES AND PRINCIPLES THEREOF.

          Section 5.18. Consent to Jurisdiction.

          (a) Each party to this Agreement, by its execution hereof, hereby:

               (i) irrevocably and unconditionally submits to the exclusive jurisdiction in the Court of
Chancery of the State of Delaware or any federal court of the United States located in the State of
Delaware, for the purpose of any and all actions, suits or proceedings arising in whole or in part
out of, related to, based upon or in connection with this Agreement or the subject matter hereof;

               (ii) waives to the extent not prohibited by Applicable Law, and agrees not to assert, by way
of motion, as a defense or otherwise, in any such action, any claim that it is not subject
personally to the jurisdiction of the above-named courts, that its property is exempt or immune
from attachment or execution, that any such action brought in one of the above-named courts should
be dismissed on grounds of forum non conveniens, should be transferred to any court other than one
of the above-named courts, or should be stayed by reason of the pendency of some other proceeding
in any other court other than one of the above-named courts, or that this Agreement or the subject
matter hereof may not be enforced in or by such court, and

               (iii) agrees not to commence any such action other than before one of the above-named courts
nor to make any motion or take any other action seeking or intending to cause the transfer or
removal of any such action to any court other than one of the above-named courts whether on the
grounds of forum non conveniens or otherwise.

          (b) The Principal Shareholders hereby irrevocably and unconditionally designate, appoint, and
empower The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington,
Delaware 19801, as their respective designee, appointee and agent to receive, accept and
acknowledge for and on their behalf service of any and all legal process, summons, notices and
documents that may be served in any action, suit or proceeding brought against the Principal
Shareholders in any such United States federal or state court with respect to their obligations,
liabilities or any other matter arising out of or in connection with this Agreement and that may be
made on such designee, appointee and agent in accordance with legal procedures prescribed for such
courts. If for any reason such designee, appointee and agent hereunder shall cease to be available
to act as such, the Principal Shareholders agree to designate a new designee, appointee and agent
in the State of Delaware on the terms and for the purposes

32

 

of this Section 5.18 reasonably
satisfactory to the Company. The Principal Shareholders further hereby irrevocably consent and
agree to the service of any and all legal process, summons, notices and documents in any such
action, suit or proceeding against the Principal Shareholders by serving a copy thereof upon the
relevant agent for service of process referred to in this Section 5.18 (whether or not the
appointment of such agent shall for any reason prove to be ineffective or such agent shall accept
or acknowledge such service) or by sending copies thereof by a recognized next day courier service
to the Principal Shareholders, as applicable, at their address specified in or designated pursuant
to this Agreement. The Principal Shareholders agree that the failure of any such designee,
appointee and agent to give any notice of such service to them shall not impair or affect in any
way the validity of such service or any judgment rendered in any action or proceeding based
thereon.

          Section 5.19. Shareholder Capacity. Each Principal Shareholder executes this Agreement solely in its capacity as a shareholder
of the Company, and nothing in this Agreement shall limit or restrict any Principal Shareholder or
any of its Affiliates who is or becomes during the term hereof a member of the Board, or a member
of the board of directors of Asian Holdco or any Asian PCB Entity, from acting, omitting to act or
refraining from taking any action, solely in such Person’s capacity as a member of the Board, or a
member of the board of directors of Asian Holdco or any Asian PCB Entity, in each case, consistent
with his fiduciary duties in such capacity under Applicable Law.

          Section 5.20. Methodology for Calculations. For purposes of calculating the Total Voting Power and the total outstanding Voting
Securities Beneficially Owned by any Person as of any date, any shares of Capital Stock of the
Company, Company Common Stock or Voting Securities (i) held in the Company’s treasury or belonging
to any subsidiaries of the Company which are not entitled to be voted or counted for purposes of
determining the presence of a quorum pursuant to Section 160(c) of the DGCL or (ii) issued pursuant
to a plan or trust or similar Buyer Benefit and Compensation
Arrangement in respect of which voting is controlled by the Company or any of its
Subsidiaries, shall be disregarded.

          Section 5.21. Further Assurances.

          (a) Following the Closing Date, upon the reasonable request of any party or parties hereto,
the other parties hereto, as the case may be, agree to promptly execute and deliver such further
instruments of assignment, transfer, conveyance, endorsement, direction or authorization and other
documents as may be requested to effectuate the purposes of this Agreement.

          (b) In the event of any inconsistency between the provisions of this Agreement and the
Certificate of Incorporation and Bylaws of the Company or any Organizational Documents of any of
Asian Holdco, the Asian PCB Entities or Subsidiaries of Asian Holdco, the provisions of this
Agreement shall prevail as between the parties only, who hereby undertake to take such steps as may
be necessary or desirable to amend the Certificate of Incorporation and Bylaws of the Company or
any Organizational Documents of any of Asian Holdco, the Asian PCB Entities or Subsidiaries of
Asian Holdco, as applicable, to remove such conflict to the fullest extent permitted by Applicable
Law.

33

 

     IN WITNESS WHEREOF, the parties hereto have executed this Shareholders Agreement as of the
date first written above.

	 	 	 	 	 
	 	TTM TECHNOLOGIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	MEADVILLE HOLDINGS LIMITED

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SU SIH (BVI) LIMITED

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	
 	 
	 	TANG HSIANG CHIEN 	 
	 	 	 
	 
	 	 	 
	 	
 	 
	 	TANG CHUNG YEN, TOM (solely for the purposes
of Sections 2.1(g), 2.2(a), 2.2(e), 5.1, 5.2, 5.3, 5.7, 5.10, 5.18 and 5.21) 
	 
	 	 	 
	 
	 	 	 
	 	
 	 
	 	TANG YING MING, MAI (solely for the purposes of Sections 2.1(g), 2.2(a),
2.2(e), 5.1, 5.2, 5.3, 5.7, 5.10, 5.18 and 5.21) 
	 
	 	 	 

34

 

	 	 	 	 	 

SCHEDULE 2.2(a)(ii)

	1.	 	Board size, composition, and matters relating to staggered Board
	 
	2.	 	Director qualifications, nomination and election standards and requirements and resignation
standards and requirements
	 
	3.	 	Opting into and out of state anti-takeover laws and/or supermajority voting provisions
	 
	4.	 	Ability of stockholders to call meetings and location and time of meetings
	 
	5.	 	Ability of stockholders to act by written consent in lieu of meetings
	 
	6.	 	Voting, cumulative voting, removal of directors and filling of board vacancies (other than
with respect to the Shareholder Nominee the Shareholder Asian Holdco Nominees or the Asian PCB
Nominees)
	 
	7.	 	Requirements to amend and modify bylaws and certificate of incorporation
	 
	8.	 	Golden parachutes and executive change-in-control severance agreements and arrangements
existing on the date of the Stock Purchase Agreement
	 
	9.	 	Shareholder Rights Plans and Poison Pills (and the creation and authorization of new classes
and series of capital stock in connection therewith)
	 
	10.	 	“Advance Notice” provisions for stockholder nominations (regarding director election) and
proposals (regarding all other matters)
	 
	11.	 	Changing jurisdiction of incorporation and reincorporation, to the extent the laws of such
new jurisdiction materially weakens the anti-takeover protections of the Company

 

 

Exhibit B

Key Terms of the Registration Rights Agreement

The Parties agree and acknowledge that the Registration Rights Agreement shall contain the
following key terms. Such terms are intended to reflect only the material principles of the
Registration Rights Agreement, and shall not be deemed to be comprehensive.

	•	 	All shares of Buyer Ultimate Parent Common Stock held from time to time by the Principal
Shareholders (as defined in the Shareholders Agreement) shall be deemed “Registrable
Securities”
	 
	•	 	Following the date that is eighteen (18) months after the Closing Date, the Principal
Shareholders shall have the right to require the Buyer Ultimate Parent to use reasonable
efforts to effect registration of their Registrable Securities as follows, (i) up to three
demand registrations during the first five year period, and thereafter, (ii) up to such number
of demand registrations equal to four minus the number of demand registrations effected in
accordance with the Registration Rights Agreement during the first five year period. A
registration will count for this purposes only if the registration of all Registrable
Securities requested to be registered is declared effective and remains effective for a period
of 90 days and not subject to any stop order or injunction and closed or withdrawn at the
request of the Principal Shareholders.
	 
	•	 	Buyer Ultimate Parent shall have the right to delay the filing or effectiveness of a
registration statement during no more than 2 periods, aggregating to not more than 120 days in
any twelve month period, in customary “black out” circumstances
	 
	•	 	The Principal Shareholders shall be entitled to customary “piggyback” registration rights
on customary types of registration statements of Buyer Ultimate Parent.
	 
	•	 	Registrable Securities to be (i) last “cut-back” for demand registrations; and (ii)
“cut-back” before Buyer Ultimate Parent, but after other selling shareholders for piggy-back
registrations (where applicable).
	 
	•	 	All registration expenses will be borne by Buyer Ultimate Parent, except for (i) stock
transfer taxes and underwriting discounts and commissions, which shall be paid by the Buyer
Ultimate Parent (with respect to shares being sold by the Buyer Ultimate Parent) and by
selling shareholders (with respect to shares being sold by them); and (ii) fees for legal
counsel for the selling holders (which will be paid by the selling holders in proportion to
the proceeds received by Principal Shareholders and all other selling holders).
	 
	•	 	Buyer Ultimate Parent shall provide customary covenants for assistance to the offerings of
the Registrable Securities (including underwritten offerings), and shall provide customary
indemnification to the Principal Shareholders, the underwriters and all of their respective
Affiliates.
	 
	•	 	In addition to the customary lock-up required of the Buyer Ultimate Parent under the
underwriting agreement, the Principal Shareholders will agree, to the extent required by the
underwriters in an underwritten offering, to a customary lock-up of up to 90 days.

 

 

Exhibit C

Key Terms of the Sell-Down Registration Rights Agreement

The Parties agree and acknowledge that the Sell-Down Registration Rights Agreement shall contain
the following key terms. Such terms are intended to reflect only the material principles of the
Sell-Down Registration Rights Agreement, and shall not be deemed to be comprehensive.

	•	 	Buyer Ultimate Parent shall file a registration statement to register all shares of Buyer
Ultimate Parent Common Stock to be sold in Sell-Down (the “Sell-Down Shares”), as soon as
practicable, and use its reasonable efforts to have such registration statement declared
effective as soon as possible after the Closing Date, but in no event later than 5 days after
the Closing Date.
	 
	•	 	Buyer Ultimate Parent shall make such amendments and supplements to the registration
statement as necessary to keep the registration statement effective until the earlier of the
disposition of all Sell-Down Shares or 90 days.
	 
	•	 	Buyer Ultimate Parent shall provide customary covenants (including entering into
underwriting agreements if the method of distribution is by means of an underwritten offering,
including customary representations, warranties, and indemnities) and shall take such other
actions (including roadshow presentations) as are reasonably required to facilitate the
disposition of the Sell-Down Shares.
	 
	•	 	All registration expenses will be borne by Buyer Ultimate Parent, except for stock transfer
taxes and underwriting discounts and commissions, which shall be netted against the proceeds
distributable to the independent shareholders of Seller Parent.
	 
	•	 	Buyer Ultimate Parent shall provide all other assistance as may be reasonably required for
the Sell-Down, and shall provide customary indemnification to the Seller Parent, the Seller,
the underwriters and all of their respective Affiliates.
	 
	•	 	Buyer Ultimate Parent and Seller Parent shall discuss and agree in good faith (following
consultation with the underwriters and advisors) on the appropriate method or methods of
distribution to effect the Sell-Down.

 

 

Schedule 1 — PCB Subsidiaries

1. Oriental Printed Circuits (USA), Inc.

2. Oriental Printed Circuits Limited

3. Oriental Printed Circuits, Inc.

4. Meadville International Trading (Shanghai) Co., Ltd.

5. Meadville Enterprises (HK) Limited

6. State Link Trading Limited

7. Mica-Ava China Limited

8. OPC Manufacturing Limited

9. Circuit Net Technology Limited

10. Guangzhou Meadville Electronics Co., Ltd.

11. Shanghai Meadville Science & Technology Co., Ltd.

12. Shanghai Meadville Electronics Co., Ltd.

13. Shanghai Kaiser Electronics Co., Ltd.

14. Meadville Innovations (Shanghai) Co., Ltd.

15. Dongguan Meadville Circuits Limited

16. Dongguan Shengyi Electronics Ltd.

17. Meadville Aspocomp (BVI) Holdings Limited

18. Meadville Aspocomp Limited

19. Meadville Aspocomp International Limited

20. Asia Rich Enterprises Limited

21. Aspocomp Electronics India Private Limited

22. Bounce Up Limited

23. Aspocomp Chin-Poon Holdings Limited

24. ACP Electronics Co., Ltd.

25. OPC Flex Limited

26. OPC Flex (HK) Limited

27. Guangzhou OPC Flex Limited

 

 

Schedule 2 — Laminate Subsidiaries

1. MTG Laminate (BVI) Limited

2. Mica-Ava (Far East) Industrial Limited

3. Mica-Ava (No.3) Limited

4. Mica-Ava Holdings Limited

5. Mica-AVA (Guangzhou) Material Company Ltd.

6. AVA International Limitedexv10w95

EXHIBIT 10.95

LEASE

between

HWA 1290 III LLC, HWA 1290 IV LLC, AND HWA 1290 V LLC,

collectively, Landlord,

and

BROADPOINT GLEACHER SECURITIES GROUP, INC.,

Tenant.

1290 Avenue of the Americas

New York, New York 10104

as of
September 30, 2009

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	Article/Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	Article 1 DEMISE, TERM, FIXED RENT	 	 	1	 
	1.1.
	 	Demise	 	 	1	 
	1.2.
	 	Commencement Date	 	 	2	 
	1.3.
	 	Rent Commencement Date	 	 	3	 
	1.4.
	 	Fixed Rent	 	 	3	 
	1.5.
	 	Payments of Fixed Rent	 	 	4	 
	1.6.
	 	Certain Definitions	 	 	5	 
	 
	 	 	 	 	 	 
	Article 2 ESCALATION RENT	 	 	6	 
	2.1.
	 	Operating Expense Definitions	 	 	6	 
	2.2.
	 	Calculation of Operating Expenses	 	 	11	 
	2.3.
	 	Operating Expense Payment	 	 	14	 
	2.4.
	 	Auditing of Operating Expense Statements	 	 	17	 
	2.5.
	 	Tax Definitions	 	 	18	 
	2.6.
	 	Tax Payment	 	 	21	 
	2.7.
	 	Tax Reduction Proceedings	 	 	22	 
	2.8.
	 	Building Additions	 	 	24	 
	 
	 	 	 	 	 	 
	Article 3 USE	 	 	25	 
	3.1.
	 	Permitted Use	 	 	25	 
	3.2.
	 	Limitations	 	 	26	 
	3.3.
	 	Rules	 	 	27	 
	3.4.
	 	Risers	 	 	27	 
	3.5.
	 	Promotional Displays	 	 	28	 
	3.6.
	 	Antennae Roof Rights	 	 	28	 
	3.7.
	 	Core Toilets	 	 	31	 
	3.8.
	 	Wireless Internet Service	 	 	31	 
	3.9.
	 	Telecommunications	 	 	31	 
	3.10.
	 	Floor Load	 	 	31	 
	 
	 	 	 	 	 	 
	Article 4 SERVICES	 	 	31	 
	4.1.
	 	Certain Definitions	 	 	31	 
	4.2.
	 	Elevator Service	 	 	32	 
	4.3.
	 	Heat, Ventilation and Air-Conditioning	 	 	33	 
	4.4.
	 	Cleaning	 	 	34	 
	4.5.
	 	Water	 	 	35	 
	4.6.
	 	Directory	 	 	35	 
	4.7.
	 	Condenser Water	 	 	35	 
	4.8.
	 	Building Security	 	 	36	 
	4.9.
	 	Fire System	 	 	36	 
	4.10.
	 	Loading Dock	 	 	36	 
	4.11.
	 	No Other Services	 	 	37	 
	4.12.
	 	Food Deliveries	 	 	37	 
	4.13.
	 	Signage	 	 	37	 
	4.14.
	 	Labor Harmony	 	 	37	 

ii

 

	 	 	 	 	 	 	 
	Article/Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	Article 5 ELECTRICITY	 	 	37	 
	5.1.
	 	Capacity	 	 	37	 
	5.2.
	 	Electricity for the Building	 	 	38	 
	5.3.
	 	Submetering	 	 	39	 
	5.4.
	 	Termination of Electric Service	 	 	41	 
	 
	 	 	 	 	 	 
	Article 6 INITIAL CONDITION OF THE PREMISES	 	 	41	 
	6.1.
	 	Condition of Premises	 	 	41	 
	6.2.
	 	Landlord’s Work	 	 	42	 
	6.3.
	 	Tenant’s Contribution to the Cost of The Office Improvement Work	 	 	49	 
	6.4.
	 	Landlord’s Data Room Work	 	 	51	 
	6.5.
	 	Slab Opening	 	 	53	 
	6.6.
	 	Electrical Work	 	 	53	 
	 
	 	 	 	 	 	 
	Article 7 ALTERATIONS	 	 	53	 
	7.1.
	 	General	 	 	53	 
	7.2.
	 	Basic Alterations and Minor Alterations	 	 	54	 
	7.3.
	 	Approval Process	 	 	55	 
	7.4.
	 	Performance of Alterations	 	 	56	 
	7.5.
	 	Financial Integrity	 	 	58	 
	7.6.
	 	Effect on Building	 	 	59	 
	7.7.
	 	Time for Performance of Alterations	 	 	60	 
	7.8.
	 	Removal of Alterations and Tenant’s Property	 	 	60	 
	7.9.
	 	Contractors and Supervision	 	 	61	 
	7.10.
	 	Landlord’s Expenses	 	 	62	 
	7.11.
	 	Window Coverings	 	 	62	 
	7.12.
	 	Emergency Generator System	 	 	62	 
	7.13.
	 	Violations; Tenant’s Remedies	 	 	66	 
	7.14.
	 	Air-Cooled HVAC Installations	 	 	66	 
	 
	 	 	 	 	 	 
	Article 8 REPAIRS	 	 	66	 
	8.1.
	 	Landlord’s Repairs	 	 	66	 
	8.2.
	 	Tenant’s Repairs	 	 	67	 
	8.3.
	 	Certain Limitations	 	 	67	 
	8.4.
	 	Overtime	 	 	68	 
	 
	 	 	 	 	 	 
	Article 9 ACCESS; LANDLORD’S CHANGES	 	 	68	 
	9.1.
	 	Access	 	 	68	 
	9.2.
	 	Landlord’s Obligation to Minimize Interference	 	 	69	 
	9.3.
	 	Reserved Areas	 	 	70	 
	9.4.
	 	Ducts, Pipes and Conduits	 	 	70	 
	9.5.
	 	Keys	 	 	70	 
	9.6.
	 	Landlord’s Changes	 	 	71	 
	 
	 	 	 	 	 	 
	Article 10 UNAVOIDABLE DELAYS AND INTERRUPTION OF SERVICE	 	 	72	 
	10.1.
	 	Unavoidable Delays	 	 	72	 
	10.2.
	 	Interruption of Services	 	 	72	 
	10.3.
	 	Rent Credit	 	 	72	 

iii

 

	 	 	 	 	 	 	 
	Article/Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	Article 11 REQUIREMENTS	 	 	73	 
	11.1.
	 	Tenant’s Obligation to Comply with Requirements	 	 	73	 
	11.2.
	 	Landlord’s Obligation to Comply with Requirements	 	 	74	 
	11.3.
	 	Tenant’s Right to Contest Requirements	 	 	75	 
	11.4.
	 	Certificate of Occupancy	 	 	75	 
	 
	 	 	 	 	 	 
	Article 12 QUIET ENJOYMENT	 	 	76	 
	12.1.
	 	Quiet Enjoyment	 	 	76	 
	 
	 	 	 	 	 	 
	Article 13 SUBORDINATION	 	 	76	 
	13.1.
	 	Subordination	 	 	76	 
	13.2.
	 	Terms of Nondisturbance Agreements	 	 	77	 
	13.3.
	 	Attornment	 	 	78	 
	13.4.
	 	Amendments to this Lease	 	 	79	 
	13.5.
	 	Tenant’s Estoppel Certificate	 	 	79	 
	13.6.
	 	Landlord’s Estoppel Certificate	 	 	80	 
	13.7.
	 	Rights to Cure Landlord’s Default	 	 	80	 
	13.8.
	 	Zoning Lot Merger Agreement	 	 	80	 
	13.9.
	 	Tenant’s Financial Statements	 	 	81	 
	 
	 	 	 	 	 	 
	Article 14 INSURANCE	 	 	81	 
	14.1.
	 	Tenant’s Insurance	 	 	81	 
	14.2.
	 	Landlord’s Insurance	 	 	82	 
	14.3.
	 	Mutual Waiver of Subrogation	 	 	83	 
	14.4.
	 	Evidence of Insurance	 	 	84	 
	14.5.
	 	No Concurrent Insurance	 	 	84	 
	14.6.
	 	Tenant’s Obligation to Comply with Landlord’s Fire and Casualty Insurance	 	 	84	 
	 
	 	 	 	 	 	 
	Article 15 CASUALTY	 	 	84	 
	15.1.
	 	Notice	 	 	84	 
	15.2.
	 	Landlord’s Restoration Obligations	 	 	85	 
	15.3.
	 	Rent Abatement	 	 	85	 
	15.4.
	 	Landlord’s Termination Right	 	 	86	 
	15.5.
	 	Tenant’s Termination Right	 	 	87	 
	15.6.
	 	Termination Rights at End of Term	 	 	88	 
	15.7.
	 	No Other Termination Rights	 	 	88	 
	 
	 	 	 	 	 	 
	Article 16 CONDEMNATION	 	 	88	 
	16.1.
	 	Effect of Condemnation	 	 	88	 
	16.2.
	 	Condemnation Award	 	 	90	 
	16.3.
	 	Temporary Taking	 	 	90	 
	 
	 	 	 	 	 	 
	Article 17 ASSIGNMENT AND SUBLETTING	 	 	90	 
	17.1.
	 	General Limitations	 	 	90	 
	17.2.
	 	Landlord’s Expenses	 	 	92	 
	17.3.
	 	Recapture Procedure	 	 	92	 
	17.4.
	 	Certain Transfer Rights	 	 	101	 
	17.5.
	 	Preliminary Approval	 	 	104	 
	17.6.
	 	Deemed Approval	 	 	104	 

iv

 

	 	 	 	 	 	 	 
	Article/Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	17.7.
	 	Transfer Taxes	 	 	105	 
	17.8.
	 	Transfer Profit	 	 	105	 
	17.9.
	 	Permitted Transfers	 	 	106	 
	17.10.
	 	Recognition Agreements	 	 	108	 
	17.11.
	 	Special Occupant	 	 	112	 
	 
	 	 	 	 	 	 
	Article 18 TENANT’S RIGHT OF FIRST OFFER TO LEASE	 	 	113	 
	18.1.
	 	Right of First Offer	 	 	113	 
	18.2.
	 	Option Notice	 	 	113	 
	18.3.
	 	Option Procedure	 	 	113	 
	18.4.
	 	Certain Limitations	 	 	114	 
	18.5.
	 	Lease Provisions Apply	 	 	115	 
	18.6.
	 	Delivery	 	 	116	 
	 
	 	 	 	 	 	 
	Article 19 TENANT’S RIGHT TO LEASE ADDITIONAL SPACE	 	 	117	 
	19.1.
	 	Additional Space	 	 	117	 
	19.2.
	 	Option	 	 	118	 
	19.3.
	 	Landlord’s Buildout	 	 	119	 
	19.4.
	 	Certain Limitations	 	 	119	 
	19.5.
	 	Lease Provisions Apply	 	 	120	 
	19.6.
	 	Delivery	 	 	121	 
	 
	 	 	 	 	 	 
	Article 20 RENEWAL	 	 	122	 
	20.1.
	 	Renewal Option	 	 	122	 
	20.2.
	 	Partial Renewal Space	 	 	122	 
	20.3.
	 	Lease Provisions Apply	 	 	123	 
	 
	 	 	 	 	 	 
	Article 21 FAIR MARKET RENT	 	 	124	 
	21.1.
	 	Certain Definitions	 	 	124	 
	21.2.
	 	Fair Market Rent Assumptions	 	 	124	 
	21.3.
	 	Fair Market Procedure	 	 	125	 
	 
	 	 	 	 	 	 
	Article 22 DEFAULT	 	 	126	 
	22.1.
	 	Events of Default	 	 	126	 
	22.2.
	 	Termination	 	 	128	 
	 
	 	 	 	 	 	 
	Article 23 TENANT’S INSOLVENCY	 	 	128	 
	23.1.
	 	Assignments pursuant to the Bankruptcy Code	 	 	128	 
	23.2.
	 	Replacement Lease	 	 	129	 
	23.3.
	 	Insolvency Events	 	 	130	 
	23.4.
	 	Effect of Stay	 	 	131	 
	23.5.
	 	Rental for Bankruptcy Purposes	 	 	132	 
	 
	 	 	 	 	 	 
	Article 24 REMEDIES AND DAMAGES	 	 	132	 
	24.1.
	 	Certain Remedies	 	 	132	 
	24.2.
	 	No Redemption	 	 	133	 
	24.3.
	 	Calculation of Damages	 	 	133	 
	 
	 	 	 	 	 	 
	Article 25 LANDLORD’S EXPENSES AND LATE CHARGES	 	 	134	 
	25.1.
	 	Landlord’s Costs	 	 	134	 
	25.2.
	 	Legal Proceeding Costs	 	 	135	 

v

 

	 	 	 	 	 	 	 
	Article/Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	25.3.
	 	Interest on Late Payments	 	 	135	 
	 
	 	 	 	 	 	 
	Article 26 SECURITY	 	 	135	 
	26.1.
	 	Security Deposit	 	 	135	 
	26.2.
	 	Landlord’s Rights	 	 	136	 
	26.3.
	 	Return of Security	 	 	137	 
	26.4.
	 	Transfer of Letter of Credit	 	 	137	 
	26.5.
	 	Renewal of Letter of Credit	 	 	137	 
	26.6.
	 	Reduction in Security Amount	 	 	138	 
	 
	 	 	 	 	 	 
	Article 27 END OF TERM	 	 	138	 
	27.1.
	 	End of Term	 	 	138	 
	27.2.
	 	Holdover	 	 	139	 
	 
	 	 	 	 	 	 
	Article 28 NO WAIVER	 	 	139	 
	28.1.
	 	No Surrender	 	 	139	 
	28.2.
	 	No Waiver by Landlord	 	 	140	 
	28.3.
	 	No Waiver by Tenant	 	 	140	 
	 
	 	 	 	 	 	 
	Article 29 JURISDICTION	 	 	141	 
	29.1.
	 	Governing Law	 	 	141	 
	29.2.
	 	Submission to Jurisdiction	 	 	141	 
	29.3.
	 	Waiver of Trial by Jury; Counterclaims	 	 	141	 
	 
	 	 	 	 	 	 
	Article 30 NOTICES	 	 	141	 
	30.1.
	 	Addresses; Manner of Delivery	 	 	141	 
	 
	 	 	 	 	 	 
	Article 31 BROKERAGE	 	 	143	 
	31.1.
	 	Broker	 	 	143	 
	 
	 	 	 	 	 	 
	Article 32 INDEMNITY	 	 	143	 
	32.1.
	 	Tenant’s Indemnification of the Landlord Indemnitees	 	 	143	 
	32.2.
	 	Landlord’s Indemnification of the Tenant Indemnitees	 	 	145	 
	32.3.
	 	Indemnification Procedure	 	 	145	 
	 
	 	 	 	 	 	 
	Article 33 LANDLORD’S CONSENTS; ARBITRATION	 	 	147	 
	33.1.
	 	Certain Limitations	 	 	147	 
	33.2.
	 	Expedited Arbitration	 	 	147	 
	 
	 	 	 	 	 	 
	Article 34 ADDITIONAL PROVISIONS	 	 	148	 
	34.1.
	 	Tenant’s Property Delivered to Building Employees	 	 	148	 
	34.2.
	 	Not Binding Until Execution	 	 	149	 
	34.3.
	 	No Third Party Beneficiaries	 	 	149	 
	34.4.
	 	Extent of Landlord’s Liability	 	 	149	 
	34.5.
	 	Extent of Tenant’s Liability	 	 	149	 
	34.6.
	 	Survival	 	 	149	 
	34.7.
	 	Recording	 	 	150	 
	34.8.
	 	Entire Agreement	 	 	150	 
	34.9.
	 	Counterparts	 	 	150	 
	34.10.
	 	Exhibits	 	 	150	 
	34.11.
	 	Gender; Plural	 	 	150	 

vi

 

	 	 	 	 	 	 	 
	Article/Section	 	 	 	Page	 
	 
	 	 	 	 	 	 
	34.12.
	 	Divisibility	 	 	150	 
	34.13.
	 	Vault Space	 	 	150	 
	34.14.
	 	Adjacent Excavation	 	 	150	 
	34.15.
	 	Captions	 	 	151	 
	34.16.
	 	Parties Bound	 	 	151	 
	34.17.
	 	Authority	 	 	151	 
	34.18.
	 	Rent Control	 	 	152	 
	34.19.
	 	Consequential Damages	 	 	152	 
	34.20.
	 	Tenant’s Advertising	 	 	152	 
	34.21.
	 	Specially Designated Nationals; Blocked Persons; Embargoed Persons	 	 	152	 

vii

 

DEFINED TERMS

	 	 	 	 	 
	Term	 	Page	 
	 
	 	 	 	 
	ACM
	 	 	10	 
	ADA
	 	 	42	 
	Additional Antennae
	 	 	29	 
	Additional Antennae Site
	 	 	29	 
	Additional Antennae Site End Date
	 	 	30	 
	Additional Power Fee
	 	 	65	 
	Additional Space
	 	 	119	 
	Additional Space Commencement Date
	 	 	123	 
	Additional Space Notice
	 	 	120	 
	Additional Space Option
	 	 	120	 
	Additional Space Term
	 	 	120	 
	Adjusted Contract Price
	 	 	50	 
	Affiliate
	 	 	5	 
	Alterations
	 	 	54	 
	Alterations Notice
	 	 	56	 
	Amortized Transfer Expenses
	 	 	94	 
	Antennae
	 	 	29	 
	Antennae Site
	 	 	29	 
	Applicable Area
	 	 	125	 
	Applicable Back-Up Power Source
	 	 	63	 
	Applicable Base Tax Period
	 	 	19	 
	Applicable Date
	 	 	126	 
	Applicable Option Space
	 	 	115	 
	Applicable Rate
	 	 	5	 
	Applicable Rent Commencement Date
	 	 	3	 
	Applicable Scheduled Commencement Date
	 	 	2	 
	Applicable Space
	 	 	1	 
	Applicable Terms
	 	 	110	 
	Appraiser
	 	 	127	 
	Approved Contractors
	 	 	45	 
	Assessed Valuation
	 	 	19	 
	ATS
	 	 	63	 
	Authorized Change
	 	 	47	 
	Average Cost per Kilowatt Hour
	 	 	13	 
	Average Cost per Peak Demand Kilowatt
	 	 	13	 
	Bank Requirements
	 	 	138	 
	Bankruptcy Code
	 	 	130	 
	Base Cleaning Services
	 	 	34	 
	Base Electrical Capacity
	 	 	38	 
	Base Rate
	 	 	5	 
	Basic Alteration
	 	 	55	 
	Basic Antennae
	 	 	29	 
	Basic Antennae Site
	 	 	29	 
	Basic Sublease Provisions
	 	 	105	 

viii

 

	 	 	 	 	 
	Term	 	Page	 
	 
	 	 	 	 
	Bid
	 	 	45	 
	Bid Construction Period
	 	 	44	 
	Bid Due Date
	 	 	45	 
	Bid Packages
	 	 	44	 
	Bid Price
	 	 	44	 
	Broker
	 	 	145	 
	Building
	 	 	1	 
	Building Change
	 	 	61	 
	Building Hours
	 	 	32	 
	Building Standard Installations
	 	 	53	 
	Building Systems
	 	 	32	 
	Business Days
	 	 	5	 
	Casualty Statement
	 	 	88	 
	Change Authorization Notice
	 	 	47	 
	Changes
	 	 	44	 
	Claim
	 	 	147	 
	Claim Against Landlord
	 	 	145	 
	Claim Against Tenant
	 	 	146	 
	Cogent Plant
	 	 	63	 
	Compliance Challenge
	 	 	76	 
	Condenser Water System
	 	 	36	 
	Construction Contract
	 	 	45	 
	Construction Documents
	 	 	43	 
	Consumer Price Index
	 	 	5	 
	Contract Construction Period
	 	 	45	 
	Contract Price
	 	 	45	 
	Contractor Change Statement
	 	 	46	 
	Control
	 	 	6	 
	Cost Statement
	 	 	52	 
	Data Room Commencement Date
	 	 	2	 
	Decorative Alterations
	 	 	54	 
	Deficiency
	 	 	135	 
	Designated Pantry
	 	 	34	 
	Designated Shaftways
	 	 	28	 
	Electricity Additional Rent
	 	 	39	 
	Electricity Inclusion Charge
	 	 	41	 
	Emergency Generator System
	 	 	63	 
	Escalation Rent
	 	 	6	 
	Event of Default
	 	 	128	 
	Excluded Amounts
	 	 	19	 
	Exhibit “A”-3
	 	 	2	 
	Existing Data Room
	 	 	2	 
	Existing Letter of Credit
	 	 	137	 
	Expansion Space A
	 	 	119	 
	Expansion Space B
	 	 	119	 
	Expedited Arbitration Proceeding
	 	 	149	 

ix

 

	 	 	 	 	 
	Term	 	Page	 
	 
	 	 	 	 
	Expiration Date
	 	 	1	 
	Fair Market Rent
	 	 	125	 
	Final Construction Documents
	 	 	43	 
	Final Plans
	 	 	43	 
	Fixed Expiration Date
	 	 	1	 
	Fixed Rent
	 	 	4	 
	Governmental Authority
	 	 	75	 
	Holidays
	 	 	6	 
	HVAC
	 	 	32	 
	HVAC Systems
	 	 	32	 
	Impeding Building Violation
	 	 	67	 
	Impeding Work Violation
	 	 	67	 
	Indemnitee
	 	 	147	 
	Indemnitor
	 	 	147	 
	Initial Alterations
	 	 	55	 
	Insolvency Events
	 	 	132	 
	Insolvency Party
	 	 	130	 
	Landlord
	 	 	1	 
	Landlord Indemnitees
	 	 	146	 
	Landlord’s Base Building Work
	 	 	43	 
	Landlord’s Data Room Work
	 	 	43	 
	Landlord’s Determination
	 	 	127	 
	Landlord’s Office Contribution
	 	 	51	 
	Landlord’s Property Policy
	 	 	84	 
	Landlord’s Supplemental Space Contribution
	 	 	51	 
	Landlord’s Work
	 	 	43	 
	Late Completion Penalty
	 	 	45	 
	Lessor
	 	 	77	 
	Letter of Credit
	 	 	138	 
	License Fee
	 	 	30	 
	Limited Access Period
	 	 	70	 
	LW Permits
	 	 	46	 
	Major Sublease
	 	 	112	 
	Major Sublease Guarantor
	 	 	112	 
	Major Sublease Unit
	 	 	112	 
	Major Subtenant
	 	 	116	 
	Minor Alteration
	 	 	56	 
	Minor Alterations Threshold
	 	 	56	 
	Monthly Operating Expense Payment Amount
	 	 	15	 
	Mortgage
	 	 	77	 
	Mortgagee
	 	 	77	 
	Net Worth Assignment Requirement
	 	 	107	 
	Nondisturbance Agreement
	 	 	77	 
	Non-Performance Outside Date
	 	 	49, 50	 
	Occupancy Agreement
	 	 	92	 
	Office Changes
	 	 	46	 

x

 

	 	 	 	 	 
	Term	 	Page	 
	 
	 	 	 	 
	Office Improvement Work
	 	 	43	 
	Office Premises
	 	 	1	 
	Office Premises Base Operating Expense Year
	 	 	11	 
	Office Premises Base Operating Expenses
	 	 	11	 
	Office Premises Base Tax Period
	 	 	19	 
	Office Premises Base Taxes
	 	 	19	 
	Office Premises Fixed Rent
	 	 	3	 
	Office Premises Rent Commencement Date
	 	 	3	 
	Office Premises Tax Payment
	 	 	19	 
	Office Premises Tax Year
	 	 	21	 
	One Penn Assignment
	 	 	137	 
	One Penn Landlord
	 	 	137	 
	One Penn Lease
	 	 	137	 
	Operating Expense Payment
	 	 	11	 
	Operating Expense Statement
	 	 	11	 
	Operating Expense Year
	 	 	11	 
	Operating Expenses
	 	 	7	 
	Option
	 	 	115	 
	Option Cutoff Date
	 	 	116	 
	Option Notice
	 	 	115	 
	Option Response Notice
	 	 	115	 
	Option Space
	 	 	114	 
	Option Space A
	 	 	114	 
	Option Space B
	 	 	114	 
	Option Space C
	 	 	114	 
	Option Space Commencement Date
	 	 	118	 
	Option Term
	 	 	115	 
	Out-of-Pocket Costs
	 	 	6	 
	Overtime Periods
	 	 	32	 
	Partial Renewal Space
	 	 	124	 
	Permitted Party
	 	 	92	 
	Permitted Uses
	 	 	26	 
	Person
	 	 	6	 
	Predecessor Tenant
	 	 	131	 
	Premises
	 	 	1	 
	Price Adjustment
	 	 	47	 
	Price Adjustments
	 	 	44	 
	Property Management Charge
	 	 	7	 
	Proposed Transfer Terms
	 	 	94	 
	Prospective Operating Expense Statement
	 	 	15	 
	Punch List Items
	 	 	48	 
	Qualified Alteration
	 	 	62	 
	Qualified Work Costs
	 	 	51	 
	Real Property
	 	 	1	 
	Recapture Assignee
	 	 	98	 
	Recapture Assignment
	 	 	97	 

xi

 

	 	 	 	 	 
	Term	 	Page	 
	 
	 	 	 	 
	Recapture Assignment Notice
	 	 	97	 
	Recapture Date
	 	 	95	 
	Recapture Procedure
	 	 	93	 
	Recapture Space
	 	 	94	 
	Recapture Sublease
	 	 	95	 
	Recapture Sublease Notice
	 	 	95	 
	Recapture Subtenant
	 	 	96	 
	Recapture Termination
	 	 	99	 
	Recapture Termination Notice
	 	 	99	 
	Recognition Agreement
	 	 	112	 
	Recognition Effective Date
	 	 	112	 
	Removed Space
	 	 	124	 
	Renewal Notice
	 	 	123	 
	Renewal Option
	 	 	123	 
	Renewal Premises
	 	 	124	 
	Renewal Term
	 	 	123	 
	Rent Commencement Date
	 	 	3	 
	Rent Notice
	 	 	126	 
	Rentable Area
	 	 	6	 
	Rental
	 	 	2	 
	Requirements
	 	 	75	 
	Reserved Areas
	 	 	71	 
	Risers
	 	 	28	 
	ROFO Minimum Occupancy Requirement
	 	 	116	 
	Rules
	 	 	27	 
	Scheduled Additional Space Commencement Date
	 	 	119	 
	Scheduled Option Space Commencement Date
	 	 	115	 
	Second Bite Date
	 	 	88	 
	Security Amount
	 	 	138	 
	Selected Bid
	 	 	45	 
	Selected Contractor
	 	 	45	 
	Settlement
	 	 	148	 
	Short-Term Assignment
	 	 	97	 
	Short-Term Sublease
	 	 	95	 
	Simple Alteration
	 	 	56	 
	Special Occupant
	 	 	113	 
	Special Work
	 	 	49	 
	Specialty Alterations
	 	 	55	 
	Substantial Completion
	 	 	55	 
	Successor
	 	 	78	 
	Successor Limitation Items
	 	 	79	 
	Superior Lease
	 	 	78	 
	Supplemental Space
	 	 	1	 
	Supplemental Space Base Tax Period
	 	 	20	 
	Supplemental Space Base Taxes
	 	 	20	 
	Supplemental Space Changes
	 	 	46	 

xii

 

	 	 	 	 	 
	Term	 	Page	 
	 
	 	 	 	 
	Supplemental Space Commencement Date
	 	 	2	 
	Supplemental Space Fixed Rent
	 	 	4	 
	Supplemental Space Rent Commencement Date
	 	 	3	 
	Supplemental Space Tax Payment
	 	 	20	 
	Supplemental Space Tax Year
	 	 	21	 
	Tax Payment
	 	 	21	 
	Tax Protest Request
	 	 	23	 
	Tax Statement
	 	 	21	 
	Tax Year
	 	 	21	 
	Taxes
	 	 	20	 
	Tenant
	 	 	1	 
	Tenant Indemnitees
	 	 	146	 
	Tenant Obligor
	 	 	133	 
	Tenant Work Delays
	 	 	53	 
	Tenant’s Architect
	 	 	43	 
	Tenant’s Determination
	 	 	127	 
	Tenant’s Excess Work Cost
	 	 	51	 
	Tenant’s Liability Policy
	 	 	83	 
	Tenant’s Office Premises Operating Expense Share
	 	 	11	 
	Tenant’s Office Premises Tax Share
	 	 	21	 
	Tenant’s Property
	 	 	55	 
	Tenant’s Property Policy
	 	 	83	 
	Tenant’s Representatives
	 	 	44	 
	Tenant’s Statements
	 	 	82	 
	Tenant’s Supplemental Space Tax Share
	 	 	21	 
	Tenant’s Tax Share
	 	 	21	 
	Tenant’s Work Cost
	 	 	51	 
	Tenant’s Worker’s Compensation Policy
	 	 	83	 
	Term
	 	 	1	 
	Term Sheet
	 	 	105	 
	Time Adjustment
	 	 	47	 
	Transfer
	 	 	92	 
	Transfer Date
	 	 	94	 
	Transfer Expenses
	 	 	94	 
	Transfer Inflow
	 	 	107	 
	Transfer Notice
	 	 	93	 
	Transfer Outflow
	 	 	107	 
	Transfer Profit
	 	 	106	 
	Transferee
	 	 	94	 
	Transferor
	 	 	93	 
	Unavoidable Delays
	 	 	73	 
	Usable Area
	 	 	6	 
	Utility Company
	 	 	14	 
	Work Access
	 	 	70	 

xiii

 

EXHIBITS

Exhibit “A”-1 — Office Premises — 4th Floor

Exhibit “A”-2 — Office Premises — 5th Floor

Exhibit “A”-3 — Supplemental Space

Exhibit “A”-4 — Existing Data Room

Exhibit “3.3” — Rules

Exhibit “3.4” — Designated Shaftways

Exhibit “3.6” — Basic Antennae Site

Exhibit “3.10” — Certificate of Occupancy

Exhibit “4.3” — HVAC Specifications

Exhibit “4.4” — Cleaning Specifications

Exhibit “6.2”-1 —A Landlord’s Base Building Work

Exhibit “6.2”-1 —B Window Film Specifications

Exhibit “6.2”-2 Final Plans

Exhibit “17.3” — Cushman Competitors

Exhibit “18.1”- 1— Option Space A

Exhibit “18.1”- 2— Option Space B

Exhibit “18.1”- 3— Option Space C

Exhibit “19.1”-1 — Expansion Space A

Exhibit “19.1”-2 — Expansion Space B

xiv

 

     THIS LEASE, dated as of the                      day of September, 2009, by and between HWA 1290 III LLC,
HWA 1290 IV LLC, AND HWA 1290 V LLC, each a Delaware limited liability company, having an address
c/o Vornado Office Management LLC, collectively, as landlord, and BROADPOINT GLEACHER SECURITIES
GROUP, INC., a New York corporation, having an address c/o Broadpoint Securities Group, Inc., One
Penn Plaza, New York, New York 10019, as tenant (the Person that holds or Persons that collectively
hold the interest of the landlord hereunder at any particular time being referred to herein as
“Landlord”; subject to Section 17.1(F) hereof, the Person that holds the interest of the
tenant hereunder at any particular time being referred to herein as “Tenant”).

WITNESSETH:

     WHEREAS, Landlord wishes to demise and let unto Tenant, and Tenant wishes to hire and take
from Landlord, on the terms and subject to the conditions set forth herein, the premises located in
the building that is known by the street address of 1290 Avenue of the Americas, New York, New York
10104 (the “Building”; the Building, together with the plot of land on which the Building
is constructed, being collectively referred to herein as the “Real Property”), as follows:

	1.	 	the space that is located on a portion of the fourth (4th) floor as shown by cross-hatching
on Exhibit “A”-1 attached hereto and made a part hereof and the fifth (5th) floor of the
Building, as shown by cross hatching on Exhibit “A”-2 attached hereto and made a part hereof
(collectively, the “Office Premises”), and
	 
	2.	 	the space that is located on the sub-basement level of the Building, as shown by
cross-hatching on Exhibit “A”-3 attached hereto and made a part hereof (the “Supplemental
Space”) (each of the Office Premises and the Supplemental Space being referred to herein
as an “Applicable Space”).

     NOW, THEREFORE, in consideration of the premises, and other good and valuable consideration,
the mutual receipt and legal sufficiency of which the parties hereto hereby acknowledge, Landlord
and Tenant hereby agree as follows:

Article 1

DEMISE, TERM, FIXED RENT

     1.1. Demise.

     Subject to the terms hereof, Landlord hereby demises and lets to Tenant and Tenant hereby
hires and takes from Landlord each Applicable Space for the term to commence on the Applicable
Commencement Date and to end on April 30, 2025 (the “Fixed Expiration Date”; the Fixed
Expiration Date, or such earlier or later date that the term of this Lease expires or otherwise
terminates pursuant to the terms hereof or pursuant to law, being referred to herein as the
“Expiration Date”; the term commencing on the Commencement Date and ending on the
Expiration Date being referred to herein as the “Term”; the Applicable Spaces for which the
Applicable Commencement Date has occurred being collectively referred to herein as the
“Premises”).

1

 

     1.2. Commencement Date.

          (A)

          (1) Subject to Section 1.2(C) hereof, the term of this Lease for the Office Premises,
excluding, however, the portion thereof shown on Exhibit “A-4” attached hereto and made a part
hereof (such excluded portion of the Office Premises, the “Existing Data Room”) shall
commence on April 1, 2010 (the “Office Premises Commencement Date”);

          (2) The term of this Lease for the Existing Data Room shall commence on the date on which
Landlord delivers the Existing Data Room to Tenant with Landlord’s Data Room Work Substantially
Complete (such later date, the “Data Room Commencement Date”); and

          (3) Subject to Section 1.2(C) hereof, the term of this Lease for the Supplemental Space shall
commence on April 1, 2010 (the “Supplemental Space Commencement Date”);

(being referred to herein as the “Applicable Commencement Date”).

          (B) The term “Rental” shall mean, collectively, the Fixed Rent, the Escalation Rent
the additional rent payable by Tenant to Landlord hereunder, and all other amounts payable by
Tenant to Landlord hereunder.

          (C) If a Person remains in occupancy of (x) the Office Premises (or any portion thereof), or
(y) the Supplemental Space (or any portion thereof), on the Applicable Commencement Date, then in
any case, Landlord, at Landlord’s expense, shall use reasonable diligence (which reasonable
diligence shall include, without limitation, Landlord’s instituting and diligently prosecuting a
holdover proceeding against such Person) to remove such Person from the Office Premises, or the
Supplemental Space, as the case may be, as promptly as reasonably practicable thereafter. Landlord
shall have no liability to Tenant, and Tenant shall have no right to terminate or rescind this
Lease or reduce the Rental from and after the Rent Commencement Date, in each case deriving from
Landlord’s failure to deliver vacant and exclusive possession of (x) the Office Premises or (y)
the Supplemental Space to Tenant, as the case may be, on the Applicable Space Commencement Date.
Landlord and Tenant intend that this Section 1.2(C) constitutes an “express provision to the
contrary” for purposes of Section 223-a of the New York Real Property Law.

          (D) Notwithstanding anything to the contrary contained herein, the occurrence of the Office
Premises Commencement Date and the Office Premises Rent Commencement Date is not conditioned on or
otherwise contingent upon Landlord’s Substantial Completion of Landlord’s Base Building Work or the
Office Improvement Work. Except as expressly set forth herein, in the event that Landlord’s Base
Building Work or the Office Improvement Work shall not be Substantially Complete on the Office
Premises Commencement Date, Landlord shall have no liability to Tenant, and Tenant shall have no
right to reduce the Rental from and after the Rent Commencement Date.

2

 

     1.3. Rent Commencement Date.

          (A) The term “Rent Commencement Date” shall mean the Applicable Rent Commencement Date
that first occurs.

          (B) The term “Applicable Rent Commencement Date” shall mean the Office Premises Rent
Commencement Date (with respect to the Office Premises) and the Supplemental Space Rent
Commencement Date (with respect to the Supplemental Space).

          (C) The term “Office Premises Rent Commencement Date” shall mean, subject to Section
6.2 hereof, May 1, 2010.

          (D) The term “Supplemental Space Rent Commencement Date” shall mean, subject to
Section 6.2 hereof, February 1, 2011.

     1.4. Fixed Rent.

          (A) Subject to Section 1.4(B) hereof, the annual fixed rent for the Office Premises (the
“Office Premises Fixed Rent”) which amount includes the annual fixed rent for the Existing
Data Room shall be an amount equal to:

          (1) Four Million Four Hundred Three Thousand One Hundred Thirty-Six Dollars and No Cents
($4,403,136.00) ($366,928.00 per month) for the period commencing on the Office Premises Rent
Commencement Date and ending on March 31, 2013;

          (2) Four Million Five Hundred Eighty-Nine Thousand Ninety-One Dollars and No Cents
($4,589,091.00) ($382,424.25 per month) for the period commencing on April 1, 2013 and ending on
April 30, 2015;

          (3) Four Million Seven Hundred Thirty-Six Thousand Eighty-Three Dollars and No Cents
($4,736,083.00) ($394,673.58 per month) for the period commencing on May 1, 2015 and ending on
March 31, 2017;

          (4) Four Million Nine Hundred Twenty-Two Thousand Thirty-Eight Dollars and No Cents
($4,922,038.00) ($410,169.83 per month) for the period commencing on April 1, 2017 and ending on
April 30, 2020;

          (5) Five Million One Hundred Five Thousand Seven Hundred Seventy-Eight Dollars and No Cents
($5,105,778.00) ($425,481.50 per month) for the period commencing on May 1, 2020 and ending on
March 31, 2021; and

          (6) Four Million Four Hundred Thirty-Six Thousand Three Hundred Forty Dollars and No Cents
($4,436,340.00) ($369,695.00 per month) for the period commencing on April 1, 2021 and ending on
the Fixed Expiration Date.

          (B) Notwithstanding the provisions of Section 1.4(A) hereof to the contrary, for the period
commencing on the Office Premises Rent Commencement Date and ending on the day immediately
preceding the date on which the Data Room Commencement Date shall occur,

3

 

the Office Premises Fixed Rent shall be reduced by an amount equal to Three Thousand Five
Hundred Six Dollars and Twenty-Five Cents ($3,506.25) per month (which amount is equal to the
quotient obtained by dividing (i) the product obtained by multiplying (x) Fifty-One Dollars and No
Cents ($51.00), by (y) the number of square feet of Rentable Area comprising the Existing Data Room
by (ii) twelve (12)). It is the intent and purpose of this Section 1.4(B) that Tenant shall not be
obligated to pay Office Premises Fixed Rent with respect to the Existing Data Room until the Data
Room Commencement Date shall occur.

          (C) The annual fixed rent for the Supplemental Space (the “Supplemental Space Fixed
Rent”) shall be:

          (1) Twenty Thousand Seventy-Five Dollars and No Cents ($20,075.00) ($1,672.92 per month) for
the period commencing on the Supplemental Space Rent Commencement Date and ending on the day
immediately preceding the date that is five (5) years after the Supplemental Space Rent
Commencement Date;

          (2) Twenty-Two Thousand Eighty-Two Dollars and Fifty Cents ($22,082.50) $1,840.21 per month)
for the period commencing on the date that is five (5) years after the Supplemental Space Rent
Commencement Date and ending on the day immediately preceding the date that is ten (10) years after
the Supplemental Space Rent Commencement Date; and

          (3) Twenty-Four Thousand Ninety Dollars and No Cents ($24,090.00) ($2,007.50 per month) for
the period commencing on the date that is ten (10) years after the Supplemental Space Rent
Commencement Date and ending on the Fixed Expiration Date;

(the Office Premises Fixed Rent and the Supplemental Space Fixed Rent being collectively referred
to herein as the “Fixed Rent”).

     1.5. Payments of Fixed Rent. 

          (A) Subject to Section 1.5(B) hereof, Tenant shall pay the Fixed Rent in lawful money of the
United States of America that is legal tender in payment of all debts and dues, public and private,
at the time of payment, in equal monthly installments, in advance, on the first (1st) day of each
calendar month during the Term commencing on the Rent Commencement Date, at the office of Landlord
or such other place as Landlord may designate from time to time on at least thirty (30) days of
advance notice to Tenant, without any set-off, offset, abatement or deduction whatsoever (except to
the extent otherwise expressly set forth herein).

          (B) Landlord shall have the right to require Tenant to pay the Fixed Rent and any other items
of Rental when due by wire transfer of immediately available funds to an account that Landlord
designates from time to time on at least sixty (60) days of advance notice to Tenant.

          (C) Subject to Section 1.5(B) hereof, Tenant shall have the right to pay the Fixed Rent and
any other items of Rental by wire transfer of immediately available funds to an account that
Landlord designates from time to time on at least thirty (30) days of advance notice to Tenant.
Landlord shall so designate an account within thirty (30) days after Tenant’s request therefor from
time to time.

4

 

          (D) If the Rent Commencement Date is not the first (1st) day of a calendar month, then (x) the
Fixed Rent due hereunder for the calendar month during which the Rent Commencement Date occurs
shall be adjusted appropriately based on the number of days in such calendar month, and (y) Tenant
shall pay to Landlord such amount (adjusted as aforesaid for such calendar month) on the Rent
Commencement Date. If the Expiration Date is not the last day of a calendar month, then the Fixed
Rent due hereunder for the calendar month during which the Expiration Date occurs shall be adjusted
appropriately based on the number of days in such calendar month.

     1.6. Certain Definitions. 

          (A) The term “Affiliate” shall mean a Person that (1) Controls, (2) is under the
Control of, or (3) is under common Control with, the Person in question.

          (B) The term “Applicable Rate” shall mean, at any particular time, the lesser of (x)
two hundred (200) basis points above the Base Rate at such time, and (y) the maximum rate permitted
by applicable law at such time.

          (C) The term “Base Rate” shall mean the rate of interest announced publicly from time
to time by Citibank, N.A., or its successor, as its “prime lending rate” (or such other term as may
be used by Citibank, N.A. (or its successor), from time to time, for the rate presently referred to
as its “prime lending rate”).

          (D) The term “Business Days” shall mean all days, excluding Saturdays, Sundays and
Holidays.

          (E) The term “Consumer Price Index” shall mean the Consumer Price Index for All Urban
Consumers published by the Bureau of Labor Statistics of the United States Department of Labor, All
Items (1982-84 = 100), seasonally adjusted, for the most specific area that includes the location
of the Building (which the parties acknowledge is currently New York — Northern New Jersey — Long
Island, NY — NJ — CT — PA), or any successor index thereto. If the Consumer Price Index is
converted to a different standard reference base or otherwise revised, then the determination of
adjustments provided for herein shall be made with the use of such conversion factor, formula or
table for converting the Consumer Price Index as may be published by the Bureau of Labor Statistics
or, if said Bureau does not publish such conversion factor, formula or table, then with the use of
such conversion factor, formula or table as may be published by Prentice-Hall, Inc. or any other
nationally recognized publisher of similar statistical information. If the Consumer Price Index
ceases to be published, and there is no successor thereto, then Landlord and Tenant shall use
diligent efforts, in good faith, to agree upon a substitute index for the Consumer Price Index.
Either party shall have the right to submit the issue of the designation of such substitute index
to an Expedited Arbitration Proceeding.

          (F) The term “Control” shall mean direct or indirect ownership of more than fifty
percent (50%) of the outstanding voting stock of a corporation or other majority equity interest if
not a corporation and the possession of power to direct or cause the direction of the management
and policy of such corporation or other entity, whether through the ownership of voting securities,
by statute or by contract.

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          (G) The term “Escalation Rent” shall mean the Rental payable to Landlord under Article
2 hereof.

          (H) The term “Holidays” shall mean all days observed as legal holidays by either (x)
the State of New York, (y) the United States of America, or (z) the labor unions that service the
Building; provided, however, that if (x) all of the labor unions that service the Building do not
observe a particular day as a holiday, and (y) the State of New York or the United States of
America do not otherwise observe such day as a holiday, then such day shall constitute a Holiday
for purposes hereof only to the extent that Landlord requires the services that are provided by
members of the particular labor union to perform the corresponding service for Tenant hereunder (so
that if, for example, (x) the labor union for office cleaning personnel observes a particular day
as a holiday but the labor union for the engineers that operate the HVAC System does not observe
such day as a holiday, and (y) the State of New York or the United States of America does not
otherwise observe such day as a holiday, then such day shall constitute a Holiday for purposes of
determining whether Landlord is required to provide office cleaning services on such day, but such
day shall not constitute a Holiday for purposes of determining whether Landlord is required to
provide HVAC services on such day).

          (I) The term “Out-of-Pocket Costs” shall mean costs that a Person pays to a third
party that is not an Affiliate of such Person (and, accordingly, Out-of-Pocket Costs shall not
include (i) the costs that such Person incurs in compensating its own employees to perform a
service or supervise work within the scope of their employment, or (ii) the administrative costs
that such Person incurs in operating its own offices).

          (J) The term “Person” shall mean any natural person or persons or any legal form of
association, including, without limitation, a partnership, a limited partnership, a corporation,
and a limited liability company.

          (K) The term “Rentable Area” shall mean, with respect to a particular floor area, the
area thereof (expressed as a particular number of square feet), as determined in accordance with
the standards that the parties used to calculate that the area of all of the Premises is the sum of
(i) seventy-three thousand nine hundred thirty-nine (73,939) square feet for the Office Premises
which includes eight hundred twenty-five (825) square feet for the Existing Data Room and (ii)
eight hundred three (803) square feet for the Supplemental Space.

          (L) The term “Usable Area” shall mean, with respect to a particular floor area, the
usable area thereof (expressed as a particular number of square feet), as determined in accordance
with The Recommended Method of Floor Measurement of Office Buildings, Effective January 1, 1987, as
published by The Real Estate Board of New York, Inc.

Article 2

ESCALATION RENT

     2.1. Operating Expense Definitions.

          (A) The term “Operating Expenses” shall mean, subject to the terms of this Section 2.1
and to Section 2.2(B) hereof, the expenses paid or incurred by or on behalf of

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Landlord in insuring, maintaining, repairing, managing and operating the Real Property (and
employing personnel therefor) as reflected on Landlord’s books (which Landlord shall keep in
accordance with generally accepted accounting principles, or international financial reporting
standards, if and when the same may be adopted, in either case, consistently applied). Landlord
shall have the right to include in Operating Expenses for a particular Operating Expense Year a
property management charge in an amount equal to the product obtained by multiplying (i) two
percent (2%), by (ii) the gross rents that Landlord collects from Tenant and the other tenants in
the Building during such Operating Expense Year (such amount being referred to herein as the
“Property Management Charge”). Operating Expenses shall exclude:

          (1) Taxes,

          (2) Excluded Amounts,

          (3) subject to Section 2.2(B) hereof, payments of interest or principal in respect of
Landlord’s debt (including, without limitation, any debt that is secured by Mortgages),

          (4) expenses that relate to leasing space in the Building (including, without limitation, the
cost of tenant improvements (or allowances or concessions that Landlord provides to a tenant
therefor), the cost of performing improvements, alterations, additions, changes, or replacements to
prepare a particular portion of the Building for occupancy by a tenant, the cost of rent
concessions, advertising expenses, leasing commissions, marketing and promotional costs, attorneys
fees, disbursements and the cost of lease buy-outs),

          (5) expenses that Landlord incurs in selling, purchasing, financing or refinancing the Real
Property,

          (6) the cost of any repairs, replacements or improvements to the Building that are required to
be capitalized by generally accepted accounting principles or international financial reporting
standards, if and when the same may be adopted, as the case may be (including, without limitation,
lease obligations that are required to be capitalized under generally accepted accounting
principles or international financial reporting standards, if and when the same may be adopted, as
the case may be) (except in each case as otherwise provided in Section 2.2(B) hereof),

          (7) depreciation or amortization expense (subject, however, to Section 2.2(B) hereof),

          (8) the cost of electricity that is furnished to the portions of the Building that Landlord
has leased, that Landlord is offering for lease, or that otherwise constitutes leasable space that
is not used for the general benefit of the occupants the Building (it being understood that
Operating Expenses shall include the cost of electricity that is required to operate the Building
Systems as provided in Section 2.2(B) hereof),

          (9) salaries and the cost of benefits in either case for personnel above the grade of a
dedicated, on-site building manager,

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          (10) charges for the general overhead costs that Landlord incurs in managing, operating,
maintaining, leasing or staffing its offices that are not located at the Building,

          (11) rent paid or payable under Superior Leases (except to the extent that (I) such rent that
is paid or payable under Superior Lease is for taxes or operating expenses (but only to the extent
that such taxes or operating expenses would not have been otherwise excluded from Taxes or
Operating Expenses in accordance with the terms hereof), and (II) Landlord has not otherwise
included such Taxes or Operating Expenses in the calculation of Escalation Rent under this Article
2),

          (12) subject to Section 2.2 hereof, any expense for which Landlord is otherwise compensated or
reimbursed, including, but not limited to, by virtue of insurance proceeds, condemnation proceeds,
(including any deductibles therefore) claims under warranties, Tenant or other tenants in the
Building making payment directly to Landlord or Landlord’s managing agent for Landlord’s services
in the Building or otherwise (other than by virtue of other tenants in the Building making payments
to Landlord for Operating Expenses as escalation rental),

          (13) the cost of providing any level of service that exceeds the level of service that
Landlord furnishes to Tenant hereunder,

          (14) the cost of remedying defects in the initial construction of the Building or other
renovations performed by Landlord to the Building,

          (15) legal or arbitration fees and disbursements that are paid or incurred in connection with
the negotiation of, or disputes arising out of, any lease, sublease, assignment, license or other
occupancy agreement for space in the Real Property, whether with past, current or future tenants,
subtenants, assignees, licensees or occupants,

          (16) costs that Landlord incurs in restoring the Building after the occurrence of a fire or
other casualty or after a partial condemnation thereof,

          (17) costs that Landlord incurs in performing, or correcting defects in, Landlord’s Work;

          (18) advertising, entertainment, marketing and promotional costs that are paid or incurred for
the Building and Real Property,

          (19) management fees that Landlord pays to a property manager or an affiliate of Landlord (it
being understood, however, that nothing in this clause (19) limits Landlord’s right to include in
Operating Expenses the Property Management Charge),

          (20) the expenses paid or incurred by or on behalf of Landlord in owning, maintaining,
repairing, managing and operating the portion of the Real Property that is used for retail
purposes,

          (21) any fee or expenditure that is paid or payable to any Affiliate of Landlord to the extent
that such fee or expenditure exceeds the amount that would be reasonably expected to be paid in the
absence of such relationship,

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          (22) interest, fines, penalties and late charges that in either case are paid or incurred as a
result of late payments made by Landlord or by reason of Landlord’s failure to comply with
Requirements (to the extent that Landlord is required to comply with such Requirements pursuant to
the terms hereof),

          (23) costs incurred in operating, maintaining, leasing, or repairing any sign or other similar
device designed principally for advertising or promotion to the extent that Landlord leases or
licenses to a third party such sign or device, or the portion of the Building where such sign or
device is installed,

          (24) the cost of any judgment, settlement, or arbitration award resulting from any liability
of Landlord (other than liability for amounts otherwise includible in Operating Expenses hereunder)
and all expenses incurred in connection therewith,

          (25) amounts payable by Landlord for withdrawal liability or unfunded pension liability to a
multi-employer pension plan (under Title IV of the Employee Retirement Income Security Act of 1974,
as amended),

          (26) costs incurred by Landlord which result from Landlord’s breach of this Lease or
Landlord’s negligence or willful misconduct,

          (27) costs that Landlord incurs to correct a representation made by Landlord in this Lease or
any other lease (or occupancy agreement) of space in the Building,

          (28) fines or penalties that are assessed against Landlord by a Governmental Authority by
virtue of violations at the Building and Real Property of applicable Requirements,

          (29) fees, dues or contributions paid by or on behalf of Landlord or Landlord’s Affiliates to
civic organizations, charities, political parties or political action committees,

          (30) the cost of providing HVAC during Overtime Periods to portions of the Building that
Landlord has leased, that Landlord is offering for lease, or that otherwise constitutes leasable
space that is not used for the general benefit of the occupants the Building (except that Landlord
shall have the right to include in Operating Expenses the cost of providing HVAC during Overtime
Periods that Landlord ordinarily supplies to the Building generally in accordance with good
management practices),

          (31) the cost of providing freight elevator or loading dock service during Overtime Periods
(except that Landlord shall have the right to include in Operating Expenses the cost of providing
freight elevator or loading dock service during Overtime Periods that Landlord ordinarily supplies
to the Building generally in accordance with good management practices),

          (32) the cost of acquiring, insuring, repairing, maintaining, restoring or replacing objects
of fine art that Landlord installs in the Building (with the understanding, however, that Landlord
shall have the right to include in Operating Expenses the cost of fine art that Landlord installs
in the Building to the extent that such installation is required by applicable Requirements),

9

 

          (33) costs associated with the construction, installation, repair or operation of any
broadcasting facility, conference center, luncheon club, athletic facility, child care facility,
auditorium, cafeteria, or any other similar specialty facility, except to the extent that any such
facility exists in the Building as of the date hereof for the general benefit of tenants in the
Building,

          (34) costs that Landlord incurs in operating an ancillary service in the Building in respect
of which users pay a separate charge (such as a shoe shine stand, a newsstand, a stationery store
or a parking facility),

          (35) costs that are duplicative of any other cost that is included in Operating Expenses,

          (36) costs that Landlord incurs in organizing or maintaining in good standing the entity that
constitutes Landlord, or in authorizing Landlord to do business in the jurisdiction where the
Building is located,

          (37) costs that Landlord incurs in abating asbestos or asbestos-containing materials (such
asbestos-containing materials (“ACM”) unless such asbestos or ACMs were introduced to the
Building by Tenant or anyone claiming by through or under Tenant.

          (38) the portion of any costs that are properly allocable to any building other than Building,

          (39) costs incurred in connection with the acquisition or sale of air rights, transferable
development rights, easements or other real property interests,

          (40) costs incurred in connection with expanding the Rentable Area of the Building.

          (41) costs to comply with any violation of Requirements noted against the Real Property as of
the date hereof or insurance requirements in effect on the date hereof of which Landlord has been
notified,

          (42) costs and expenses incurred by Landlord in connection with any obligation of Landlord to
indemnify any tenant or occupant of the Building (including Tenant) pursuant to its lease or
otherwise, and

          (43) costs expressly excluded from Operating Expenses by any other provision of this Lease.

          (B) The term “Operating Expense Payment” shall mean, with respect to any Operating
Expense Year, collectively, the product obtained by multiplying (i) the excess (if any) of (A) the
Operating Expenses for such Operating Expense Year, over (B) the applicable Office Premises Base
Operating Expenses, by (ii) the applicable Tenant’s Office Premises Operating Expense Share.

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          (C) The term “Operating Expense Statement” shall mean a statement that shows the
applicable Operating Expense Payment for a particular Operating Expense Year.

          (D) The term “Operating Expense Year” shall mean the applicable Office Premises Base
Operating Expense Year and each subsequent calendar year.

          (E) The term “Office Premises Base Operating Expenses” shall mean the Operating
Expenses for the applicable Office Premises Base Operating Expense Year.

          (F) The term “Office Premises Base Operating Expense Year” shall mean with respect to
(i) the Minority Portion of the Office Premises, the 2010 calendar year and (ii) the Majority
Portion of the Office Premises, the 2009 calendar year; provided, however, effective as of April 1,
2021, the Office Premises Base Operating Expense Year with respect to the Majority Portion of the
Office Premises shall mean the 2010 calendar year.

          (G) The term “Minority Portion of the Office Premises” shall refer to thirty-six
thousand seven hundred forty-eight (36,748) rentable square feet of the Office Premises. For
purposes of this Article 2, the Minority Portion of the Office Premises shall be deemed to include
the Existing Data Room.

          (H) The term “Majority Portion of the Office Premises” shall refer to thirty-seven
thousand one hundred ninety-one (37,191) rentable square feet of the Office Premises.

          (I) The term “Tenant’s Office Premises Operating Expense Share” shall mean, subject to
the terms hereof, collectively, (i) with respect to the Minority Portion of the Office Premises,
one and nine thousand two ten thousandths percent (1.9002 %); and (ii) with respect to the Majority
Portion of the Office Premises, one and nine thousand two hundred thirty-two ten thousandths
percent (1.9232 %).

     2.2. Calculation of Operating Expenses.

          (A)

          (1) Subject to the terms of this Section 2.2(A), if the entire Rentable Area of the Building
(other than the retail portion thereof) is not occupied by Persons conducting business therein for
the entire Operating Expense Year, then, for purposes of calculating the Operating Expense Payment,
Landlord shall have the right to increase Operating Expenses that vary based on the extent to which
the Building is so occupied by the amount that Landlord would have included in Operating Expenses
if the entire Rentable Area of the Real Property (other than the retail portion thereof) was
occupied by Persons conducting business therein for the entire Operating Expense Year.

          (2) Subject to the terms of this Section 2.2(A), if (i) for any particular period, Landlord
performs a particular service or a particular level of service for the benefit of Tenant in
operating the Real Property, (ii) Tenant does not otherwise pay to Landlord additional rent for the
costs incurred by Landlord in performing such service or such level of service, (iii) Landlord
includes the cost of performing such service or such level of service in Operating Expenses for
purposes of calculating the Operating Expense Payment for the applicable Operating Expense

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Year, and (iv) Landlord does not perform such service or such level of service for the benefit
of all of the other portions of the Real Property that are occupied by Persons conducting business
therein for the applicable period, then, for purposes of calculating the Operating Expense Payment,
Landlord shall have the right to increase Operating Expenses that vary based on the extent to which
Landlord performs such service or such level of service for the benefit of occupants of the
Building by the amount that Landlord would have included in Operating Expenses if Landlord
performed such service or such level of service for the entire Rentable Area of the Real Property
(other than the retail portion thereof) that is occupied by Persons conducting business therein for
the applicable period.

          (3) Subject to the terms of this Section 2.2(A), if Landlord does not collect rents for all or
any portion of the leasable space in the Building for any particular Operating Expense Year (or a
portion thereof), then Landlord shall increase Operating Expenses to reflect the Property
Management Charge that Landlord would have incurred if Landlord had collected rents for the entire
applicable Operating Expense Year for all of the leasable area in the Building. If (x) a lease for
the leasable space in the Building (or a portion thereof) is in effect, and (y) Landlord does not
collect rent therefor for any reason (including, without limitation, the effectiveness of a rent
abatement, free rent period or the tenant’s default under the applicable lease), then Landlord
shall calculate the Property Management Charge as provided in this Section 2.2(A)(3) at the rental
rate that applies thereunder (it being understood that if a rental abatement is in effect, then the
Property Management Charge shall be calculated at the rental rate that applies immediately after
the last day of the abatement period). If a lease for the leasable space in the Building (or a
portion thereof) is not in effect, then Landlord shall calculate the Property Management Charge as
provided in this Section 2.2(A)(3) at the then market rental rate.

          (4) Subject to the terms of this Section 2.2(A), if Landlord, during a particular Operating
Expense Year (or a portion thereof), does not perform repair and maintenance on a particular
element of the Building because such element of the Building is out of service or not fully in use,
then Landlord shall increase Operating Expenses to reflect the amount of expenses that Landlord
would have incurred if Landlord had performed such repair and maintenance for the entire Operating
Expense Year. Accordingly, if, for example, during a particular Operating Expense Year, Landlord
does not incur costs to repair and maintain the finishes in the lobby of the Building because the
lobby is not in service for such Operating Expense Year, then Landlord shall have the right to
include in Operating Expenses for such Operating Expense Year the costs that Landlord would have
incurred in repairing and maintaining the finishes in the lobby of the Building for the entire
Operating Expense Year.

          (5) Landlord shall increase the Operating Expenses for the Base Operating Expense Year as
described in this Section 2.2(A). For purposes of calculating the Operating Expenses for the Base
Operating Expense Year, any fee or expenditure that otherwise constitutes an Operating Expense and
that is paid or payable to any Affiliate of Landlord shall not be less than the amount that would
be reasonably expected to be paid in the absence of such relationship.

          (B) Landlord shall have the right to include in Operating Expenses (and Landlord shall include
in Base Operating Expenses), for the electricity supplied to the Building

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Systems and other common elements of the Building, an amount equal to one hundred three
percent (103%) of the sum of:

          (1) the product obtained by multiplying (i) the Average Cost per Peak Demand Kilowatt, by (ii)
the number of kilowatts that constituted the peak demand for electricity for the Building Systems
and the other common elements of the Building for the applicable period (as registered on a
submeter or submeters, or, at Landlord’s option, as determined from time to time by a survey
prepared by an independent and reputable electrical consultant) (it being understood that such
number of kilowatts as described in clause (ii) above shall not include the number of kilowatts
that are attributable to the operation of the Building Systems to the extent that Tenant (or other
tenants in the Building) make separate payment to Landlord therefor), and

          (2) the product obtained by multiplying (i) the Average Cost per Kilowatt Hour, by (ii) the
number of kilowatt hours of electricity used by the Building Systems and the other common elements
of the Building for the applicable period (as registered on a submeter or submeters, or, at
Landlord’s option, as determined by a survey prepared by an independent and reputable electrical
consultant) (it being understood that such number of kilowatt hours as described in clause (ii)
above shall not include the number of kilowatt hours that are attributable to the operation of the
Building Systems to the extent that Tenant (or other tenants in the Building) make separate payment
to Landlord therefor).

          (C) The term “Average Cost per Peak Demand Kilowatt” shall mean, with respect to any
particular period, the quotient obtained by dividing (x) the aggregate charge imposed by the
Utility Company on Landlord for the Utility Company’s making available electricity that satisfies
the Building’s peak demand for electricity during such period, by (y) the number of kilowatts that
constituted such peak demand, as reflected on the electric meter or meters for the Building.

          (D) The term “Average Cost per Kilowatt Hour” shall mean, with respect to any
particular period, the quotient obtained by dividing (x) the aggregate charge imposed by the
Utility Company on Landlord for the electricity supplied to the Building for such period (other
than the aggregate charge imposed by the Utility Company on Landlord for the Utility Company’s
making available electricity that satisfies the Building’s peak demand for electricity during such
period), by (y) the number of kilowatt hours of electricity used in the Building during such
period, as reflected on the electric meter or meters for the Building.

          (E) The term “Utility Company” shall mean, collectively, the local electrical energy
distribution company and the competitive energy provider with which Landlord has made arrangements
to obtain electric service for the Building; provided, however, that if Landlord makes arrangements
to produce electricity to satisfy all or a portion of the requirements of the Building, then (I)
Utility Company shall also refer to the producer of such electricity, and (II) the charges imposed
by such producer shall be included in the calculation of Average Cost per Kilowatt Hour and Average
Cost per Peak Demand Kilowatt to the extent that such charges do not exceed the charges that
Landlord would have otherwise incurred if Landlord had made arrangements to satisfy all of the
Building’s electrical requirements from a local electrical energy distribution company and a
competitive energy provider.

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          (F) If (i) Landlord makes an improvement to the Real Property or a replacement of equipment at
the Real Property in either case in connection with the maintenance, repair, management or
operation thereof, (ii) generally accepted accounting principles or international financial
reporting standards, if and when the same may be adopted, as the case may be, require Landlord to
capitalize the cost of such improvement or such replacement, and (iii) such improvement or
replacement is made (a) to comply with a Requirement that is first enacted or that the applicable
Governmental Authority first enforces (or first enforces in a materially different manner) in
either case from and after the date hereof, (b) in lieu of repairs, or (c) for the purpose of
saving or reducing Operating Expenses (such as, for example, an improvement that reduces labor
costs), then Landlord shall have the right to include in Operating Expenses for each Operating
Expense Year the amount that amortizes the cost of such improvement or such replacement, in equal
annual installments over the useful life of such improvement or such equipment as determined in
accordance with generally accepted accounting principles or international financial reporting
standards, if and when the same may be adopted, as the case may be (until the cost of such
improvement or such equipment is amortized fully); provided, however, that (I) for any such
improvement or replacement that Landlord makes for the purpose of saving or reducing Operating
Expenses (and that Landlord does not make to comply with a Requirement or in lieu of a repair), the
aforesaid amount that Landlord includes in Operating Expenses for any particular Operating Expense
Year shall not exceed the amount of the reduction in other Operating Expenses for such Operating
Expense Year that derives from such improvement or such replacement, and (II) for any such
improvement or replacement that Landlord makes in lieu of a repair (and that Landlord does not make
to comply with a Requirement or for the purpose of saving or reducing Operating Expenses), the
aforesaid amount that Landlord includes in Operating Expenses for any particular Operating Expense
Year shall not exceed the cost of the repairs that Landlord would have otherwise made if Landlord
did not make such improvement or replacement.

     2.3. Operating Expense Payment. 

          (A) Tenant shall pay the Operating Expense Payment to Landlord in accordance with the terms of
this Section 2.3.

          (B) Landlord shall have the right to give a statement to Tenant from time to time pursuant to
which Landlord sets forth Landlord’s good faith estimate of the Operating Expense Payment for a
particular Operating Expense Year (any such statement that Landlord gives to Tenant being referred
to herein as a “Prospective Operating Expense Statement”; one-twelfth (1/12th) of the
Operating Expense Payment shown on a Prospective Operating Expense Statement being referred to
herein as the “Monthly Operating Expense Payment Amount”). If Landlord gives to Tenant a
Prospective Operating Expense Statement (or Landlord is deemed to have given to Tenant a
Prospective Operating Expense Statement pursuant to Section 2.3(C) hereof), then Tenant shall pay
to Landlord, as additional rent, on account of the Operating Expense Payment due hereunder for such
Operating Expense Year, the Monthly Operating Expense Payment Amount, on the first (1st) day of
each subsequent calendar month for the remainder of such Operating Expense Year, in the same manner
as the monthly installments of the Fixed Rent hereunder (it being understood that Tenant shall not
be required to commence such payments of the Monthly Operating Expense Payment Amount (x) before
the first (1st) day of the Operating Expense Year to which relates the applicable Monthly Operating
Expense

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Payment Amount, or (y) earlier than the thirtieth (30th) day after the date that
Landlord gives the Prospective Operating Expense Statement to Tenant). If Landlord gives (or is
deemed to have given) to Tenant a Prospective Operating Expense Statement after the first (1st) day
of the applicable Operating Expense Year, then Tenant shall also pay to Landlord, within thirty
(30) days after the date that Landlord gives the Prospective Operating Expense Statement to Tenant,
an amount equal to the excess of (I) the product obtained by multiplying (x) the Monthly Operating
Expense Payment Amount, by (y) the number of calendar months that have theretofore elapsed during
such Operating Expense Year, over (II) the aggregate amount theretofore paid by Tenant to Landlord
on account of the Operating Expense Payment for such Operating Expense Year. If Landlord gives (or
is deemed to have given) to Tenant a Prospective Operating Expense Statement for a particular
Operating Expense Year, then Landlord shall also provide to Tenant, within two hundred seventy
(270) days after the last day of such Operating Expense Year, an Operating Expense Statement for
such Operating Expense Year.

          (C) Tenant shall pay to Landlord an amount equal to the excess (if any) of (i) the Operating
Expense Payment as reflected on an Operating Expense Statement that Landlord gives to Tenant, over
(ii) the aggregate amount that Tenant has theretofore paid to Landlord on account of the Operating
Expense Payment (if any) as contemplated by Section 2.3(B) hereof, within thirty (30) days after
the date that Landlord gives such Operating Expense Statement to Tenant. Tenant shall have the
right to credit against the Rental thereafter coming due hereunder an amount equal to the excess
(if any) of (i) the aggregate amount that Tenant has theretofore paid to Landlord on account of the
Operating Expense Payment as contemplated by Section 2.3(B) hereof, over (ii) the Operating Expense
Payment as reflected on such Operating Expense Statement; provided, however, that if the Expiration
Date occurs prior to the date that such credit is exhausted, then Landlord shall pay to Tenant the
unused portion of such credit on or prior to the thirtieth (30th) day after the Expiration Date (it
being understood that Landlord’s obligation to make such payment to Tenant shall survive the
Expiration Date). If Landlord gives Tenant an Operating Expense Statement, then, unless Landlord
otherwise specifies in such Operating Expense Statement, Landlord shall be deemed to have given to
Tenant a Prospective Operating Expense Statement for the Operating Expense Year immediately
succeeding the Operating Expense Year that is covered by such Operating Expense Statement, that
reflects an Operating Expense Payment for such immediately succeeding Operating Expense Year in an
amount equal to the Operating Expense Payment for such Operating Expense Year that is covered by
such Operating Expense Statement.

          (D) If the Office Premises Rent Commencement Date occurs later than the first (1st) day of the
Operating Expense Year that immediately succeeds the Office Premises Base Operating Expense Year,
then the applicable Operating Expense Payment for the Operating Expense Year during which the
Office Premises Rent Commencement Date occurs shall be an amount equal to the product obtained by
multiplying (X) the applicable Operating Expense Payment that would have been due hereunder if the
Office Premises Rent Commencement Date was the first (1st) day of such Operating Expense Year, by
(Y) a fraction, the numerator of which is the number of days in the period beginning on the Office
Premises Rent Commencement Date and ending on the last day of such Operating Expense Year, and the
denominator of which is three hundred sixty-five (365) (or three hundred sixty-six (366), if such
Operating Expense Year is a leap year).

15

 

          (E) If the Expiration Date is not the last day of an Operating Expense Year, then the
applicable Operating Expense Payment for the Operating Expense Year during which the Expiration
Date occurs shall be an amount equal to the product obtained by multiplying (X) the applicable
Operating Expense Payment that would have been due hereunder if the Expiration Date was the last
day of such Operating Expense Year, by (Y) a fraction, the numerator of which is the number of days
in the period beginning on the first (1st) day of such calendar year and ending on the Expiration
Date, and the denominator of which is three hundred sixty-five (365) (or three hundred sixty-six
(366), if such Operating Expense Year is a leap year).

          (F) Landlord’s failure to give Tenant an Operating Expense Statement or a Prospective
Operating Expense Statement for any Operating Expense Year shall not impair Landlord’s right to
give Tenant an Operating Expense Statement or a Prospective Operating Expense Statement for any
other Operating Expense Year; it being understood, however that the foregoing shall not be
construed to relieve Landlord of its obligation to deliver an Operating Expense Statement to Tenant
subject to and in accordance with the terms of Section 2.3(B) hereof.

          (G) Landlord shall have the right to give to Tenant an Operating Expense Statement at any time
after the last day of the Base Operating Expense Year that reflects the Base Operating Expenses
(regardless of whether such Operating Expense Statement reflects a payment that is due from Tenant
on account of the Operating Expense Payment); provided, however, that Landlord shall deliver to
Tenant an Operating Expense Statement that reflects the Base Operating Expenses, as originally
determined, within two hundred seventy (270) days after the last day of the Base Operating Year.

          (H) If the Operating Expenses for the Office Premises Base Operating Expense Year are
redetermined at any time after the date that Landlord gives an Operating Expense Statement to
Tenant for an Operating Expense Year, then Landlord shall give to Tenant a revised Operating
Expense Statement that recalculates the Operating Expense Payment for an Operating Expense Year
(using the Operating Expenses that reflects such redetermination for the Office Premises Base
Operating Expense Year). If such revised Operating Expense Statements indicates that Tenant has
underpaid the Operating Expense Payment for any Operating Expense Year, then Tenant shall pay to
Landlord an amount equal to the amount of such underpayment within thirty (30) days after Landlord
gives such revised Operating Expense Statement to Tenant. If such revised Operating Expense
Statement indicates that Tenant has overpaid the Operating Expense Payment for any Operating
Expense Year, then Tenant shall have the right to credit against the Rental thereafter coming due
hereunder an amount equal to the amount of such overpayment; provided, however, that if the
Expiration Date occurs prior to the date that such credit is exhausted, then Landlord shall pay to
Tenant the unused portion of such credit on or prior to the thirtieth (30th) day after the
Expiration Date (it being understood that (I) Landlord’s obligation to make such payment to Tenant
shall survive the Expiration Date, and (II) nothing contained in this Section 2.3(H) limits
Tenant’s rights under Section 2.4 hereof).

          (I) If, during any particular Operating Expense Year, Landlord receives a reimbursement,
rebate or refund of an Operating Expense that Landlord incurred in a prior Operating Expense Year
that occurs after the Office Premises Base Operating Expense Year, then Landlord shall (x) adjust
the Operating Expenses for such Operating Expense Year

16

 

retroactively, and (y) give promptly to Tenant a revised Operating Expense Statement for such
Operating Expense Year. If such revised Operating Expense Statement indicates that Tenant overpaid
the Operating Expense Payment for such Operating Expense Year, then Tenant shall be entitled to
credit the amount of such overpayment of the Operating Expense Payment against the Rental
thereafter coming due hereunder. If (x) Tenant is entitled to a credit against Rental pursuant to
this Section 2.3(I), and (y) the Expiration Date occurs prior to the date that such credit is
exhausted, then Landlord shall pay to Tenant the unused portion of such credit on or prior to the
thirtieth (30th) day after the Expiration Date (and Landlord’s obligation to make such payment
shall survive the Expiration Date).

     2.4. Auditing of Operating Expense Statements. 

          (A) Any Operating Expense Statement that Landlord gives to Tenant shall be binding upon Tenant
conclusively unless, within one hundred eighty 180) days after the date that Landlord gives Tenant
such Operating Expense Statement, Tenant gives a notice to Landlord objecting to such Operating
Expense Statement. Tenant’s right to give such notice (and conduct the audit contemplated by this
Section 2.4(A)) shall survive the Expiration Date (to the extent that the Expiration Date occurs
earlier than the one hundred eightieth (180th) day after the date that Landlord gives
the applicable Operating Expense Statement to Tenant). Tenant shall have the right to audit the
Base Operating Expenses as contemplated by this Section 2.4(A) only after receiving the first
Operating Expense Statement that sets forth the Base Operating Expenses (including, without
limitation, an Operating Expense Statement that Landlord gives to Tenant as described in Section
2.3(G) hereof), and, accordingly, once Tenant’s right to so audit the Base Operating Expenses
lapses, Tenant shall not have the right to thereafter audit the Base Operating Expenses,
notwithstanding that the Base Operating Expenses are included in the calculation of the Operating
Expense Payment for subsequent Operating Expense Years); it being understood, however, that in the
event the Base Operating Expenses are redetermined at any time during the Term in accordance with
the terms of this Article 2, Tenant shall have the right to audit the Base Operating Expenses as so
redetermined as contemplated by this Section 2.4(A) only, within one hundred eighty (180) days
after receiving the first Operating Expense Statement that sets forth such redetermination of the
Base Operating Expenses and, accordingly, once Tenant’s right to so audit the Base Operating
Expenses as so redetermined lapses, Tenant shall not have the right to thereafter audit the Base
Operating Expenses as so redetermined, notwithstanding that the Base Operating Expenses as so
redetermined are included in the calculation of the Operating Expense Payment for subsequent
Operating Expense Years). If Tenant gives such notice to Landlord, then, subject to the terms of
this Section 2.4(A), Tenant may examine Landlord’s books and records relating to such Operating
Expense Statement to determine the accuracy thereof, provided that Tenant uses Tenant’s reasonably
diligent efforts to consummate such examination within a reasonable period after the date that
Tenant gives such notice to Landlord. Tenant may perform such examination on reasonable advance
notice to Landlord, at reasonable times, in Landlord’s office or, at Landlord’s option, at the
office of Landlord’s managing agent or accountants. Tenant shall not have the right to conduct an
audit of Landlord’s books and records as described in this Section 2.4 during the period that an
Event of Default has occurred and is continuing. Tenant shall have the right to conduct such
examination using Tenant’s own employees. Tenant, in performing such examination, shall also have
the right to be accompanied by a certified public accountant from one of the “big-4” firms of
certified public accountants (or their successors), or, at Tenant’s option, a certified public
accountant from a reputable firm of at

17

 

least fifty (50) certified public accountants that is reasonably acceptable to Landlord;
provided, however, that Tenant shall not be entitled to be so accompanied by any certified public
accountant unless Tenant and such certified public accountant certify to Landlord in a written
instrument that is reasonably satisfactory to Landlord that the compensation being paid by Tenant
to such certified public accountant is not conditioned or otherwise contingent (in whole or in
part) on the extent of any reduction in the Operating Expense Payment that derives from such
examination. Tenant shall not have the right to conduct any such audit unless Tenant delivers to
Landlord a statement, in a form reasonably designated by Landlord, signed by Tenant and Tenant’s
certified public accountant to which such books and records are proposed to be disclosed, pursuant
to which Tenant and such certified public accountants agree to maintain the information obtained
from such examination in confidence (subject, however, to the disclosure of the information that
Tenant or Tenant’s certified public accountant derive from such examination as required by
Requirements, to Tenant’s counsel or other professional advisors that in either case agree to
maintain such information in confidence.

          (B) If it is determined ultimately that (i) Landlord, in an Operating Expense Statement,
overstated the Operating Expense Payment, and (ii) Tenant overpaid the Operating Expense Payment
for a particular Operating Expense Year, then Tenant shall be entitled to (x) credit the amount of
such overpayment of the Operating Expense Payment against the Rental thereafter coming due
hereunder, together with interest thereon calculated at the Base Rate to the date that Tenant uses
such credit (it being understood that such interest shall be calculated assuming that the last
payments made to Landlord on account of the Operating Expense Payment for the applicable Operating
Expense Year constitute such overpayment), and (y) reimbursement from Landlord for the reasonable
Out-of Pocket Costs of such audit provided that Landlord shall not have to comply with clauses (x)
and (y) of this sentence unless it is determined that any such Operating Expense Payment was
overstated by more than five percent (5%). If Tenant is entitled to a credit against Rental
pursuant to this Section 2.4(B), and the Expiration Date occurs prior to the date that such credit
is exhausted, then Landlord shall pay to Tenant the unused portion of such credit on or prior to
the thirtieth (30th) day after the Expiration Date (and Landlord’s obligation to make
such payment shall survive the Expiration Date). If Tenant is entitled to reimbursement pursuant
to this Section 2.4(B), Landlord shall promptly pay such amount to Tenant from and after the date
on which the Operating Expense Payment is ultimately determined, provided that Tenant has then
delivered to Landlord reasonable supporting documentation for the reasonable Out-of-Pocket Costs of
Tenant’s audit (and Landlord’s obligation to make such payment shall survive the Expiration Date).

          (C) Nothing contained in this Section 2.4 shall constitute an extension of the date by which
Tenant is required to pay the Operating Expense Payment to Landlord hereunder.

     2.5. Tax Definitions. 

          (A) The term “Applicable Base Tax Period” shall mean the applicable Office Premises
Base Tax Period and the Supplemental Space Base Tax Period.

          (B) The term “Assessed Valuation” shall mean the amount for which the Real Property is
assessed pursuant to applicable provisions of the New York City Charter and of the

18

 

Administrative Code of The City of New York, in either case for the purpose of calculating all
or any portion of the Taxes.

          (C) The term “Excluded Amounts” shall mean (w) any taxes imposed on Landlord’s income,
(x) franchise, estate, inheritance, capital stock, excise, excess profits, gift, payroll or stamp
taxes imposed on Landlord, (y) any transfer taxes or mortgage taxes that are imposed on Landlord in
connection with the conveyance of the Real Property or granting or recording a mortgage lien
thereon, and (z) any other similar taxes imposed on Landlord.

          (D) The term “Office Premises Base Taxes” shall mean the quotient obtained by dividing
(i) the Taxes for the applicable Office Premises Base Tax Period, by (ii) the number of Tax Years
in the applicable Office Premises Base Tax Period.

          (E) The term “Office Premises Base Tax Period” shall mean, with respect to (i) the
Minority Portion of the Office Premises, the period consisting of one (1) fiscal year commencing on
July 1, 2010 and ending on June 30, 2011 and (ii) with respect to the Majority Portion of the
Office Premises, the period consisting of one (1) fiscal year commencing on July 1, 2008 and ending
on June 30, 2009; provided, however, effective as of April 1, 2021, the Office Premises Base Tax
Period with respect to the Majority Portion of the Office Premises shall mean, the period
consisting of one (1) fiscal year commencing on July 1, 2010 and ending on June 30, 2011.

          (F) The term “Office Premises Tax Payment” shall mean, with respect to any Tax Year,
collectively, the product obtained by multiplying (i) the excess of (A) Taxes for such Tax Year,
over (B) the applicable Office Premises Base Taxes, by (ii) applicable Tenant’s Office Premises Tax
Share (it being understood that the Office Premises Tax Payment shall be due with respect to each
Tax Year following the Office Premises Base Tax Period).

          (G) The term “Supplemental Space Base Taxes” shall mean the Taxes for the Supplemental
Space Base Tax Period.

          (H) The term “Supplemental Space Base Tax Period” shall mean the period consisting of
one (1) fiscal year commencing on July 1, 2010 and ending on June 30, 2011.

          (I) The term “Supplemental Space Tax Payment” shall mean, with respect to any Tax
Year, the product obtained by multiplying (i) the excess of (A) Taxes for such Tax Year, over (B)
the Supplemental Space Base Taxes, by (ii) Tenant’s Supplemental Space Tax Share (it being
understood that the Supplemental Space Tax Payment shall be due with respect to each Tax Year
following the Supplemental Space Base Tax Period).

          (J) Subject to the terms of this 2.5(J), the term “Taxes” shall mean the aggregate
amount of real estate taxes and any general or special assessments that in each case are imposed
upon the Real Property, including, without limitation, (i) any fee, tax or charge imposed by any
Governmental Authority for any vaults or vault spaces that in either case are appurtenant to the
Real Property (except that Taxes shall not include such fee, tax or charge to the extent that
Landlord leases or licenses such vaults or vault spaces to a third party), and (ii) any taxes or
assessments levied, in whole or in part, for public benefits to the Real Property (including,

19

 

without limitation, any business improvement district taxes and assessments). Taxes shall be
calculated without taking into account (a) any discount that Landlord receives by virtue of
any early payment of Taxes, (b) any penalties or interest that the applicable Governmental
Authority imposes for the late payment of such real estate taxes or assessments, (c) any Excluded
Amounts, (d) any real estate taxes that are separately assessed against a sign or billboard that is
affixed to the Building or otherwise located on the Real Property, and (e) any exemption or
deferral of Taxes to which the Real Property is entitled under any program that a Governmental
Authority adopts to promote the improvement or redevelopment of real property. If, because of any
change in the taxation of real estate, any other tax or assessment, however denominated (including,
without limitation, any franchise, income, profits, sales, use, occupancy, gross receipts or rental
tax), is imposed upon the Real Property, the owner thereof, or the occupancy, rents or income
derived therefrom, in substitution for any of the Taxes (to the extent that such substitution is
evidenced by either the terms of the legislation imposing such tax or assessment, the legislative
history thereof, or other documents or evidence that reasonably demonstrate that the applicable
Governmental Authority intended for such tax or assessment to constitute a substitution for any
Taxes), then such other tax or assessment to the extent substituted shall be included in Taxes for
purposes hereof (assuming that the Real Property is Landlord’s sole asset and the income therefrom
is Landlord’s sole income). If any such real estate taxes or assessments are payable in
installments without interest, premium or penalty, then Landlord shall include in Taxes for any
particular Tax Year only the installment of such real estate taxes or assessments that the
applicable Governmental Authority requires Landlord to pay (and that Landlord actually pays) during
such Tax Year.

          (K) The term “Tax Payment” shall mean, with respect to any Tax Year, the sum of the
Office Premises Tax Payment and the Supplemental Space Tax Payment.

          (L) The term “Tax Statement” shall mean a statement that shows the applicable Tax
Payment for a particular Tax Year.

          (M) The term “Tax Year” shall mean (i) the applicable Office Premises Tax Year (with
respect to the Office Premises), and (ii) the Supplemental Space Tax Year (with respect to the
Supplemental Space).

          (N) The term “Office Premises Tax Year” shall mean the first period from July 1
through June 30 (or such other period as hereinafter may be duly adopted by the Governmental
Authority then imposing Taxes as its fiscal year for real estate tax purposes) in the applicable
Office Premises Base Tax Period and each subsequent period from July 1 through June 30 (or such
other period as hereinafter may be duly adopted by the Governmental Authority then imposing Taxes
as its fiscal year for real estate tax purposes).

          (O) The term “Supplemental Space Tax Year” shall mean the first period from July 1
through June 30 (or such other period as hereinafter may be duly adopted by the Governmental
Authority then imposing Taxes as its fiscal year for real estate tax purposes) in the Supplemental
Space Base Tax Period and each subsequent period from July 1 through June 30 (or such other period
as hereinafter may be duly adopted by the Governmental Authority then imposing Taxes as its fiscal
year for real estate tax purposes).

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          (P) The term “Tenant’s Tax Share” shall mean, subject to the terms hereof, the sum of
(i) Tenant’s Office Premises Tax Share (with respect to the Office Premises) and (ii) Tenant’s
Supplemental Space Tax Share (with respect to the Supplemental Space).

          (Q) The term “Tenant’s Office Premises Tax Share” shall mean, subject to the terms
hereof, collectively, with respect to (i) the Minority Portion of the Office Premises, one and
seven thousand four hundred thirty ten thousandths percent (1.7430%); and (ii) with respect to the
Majority Portion of the Office Premises, one and seven thousand six hundred forty ten thousandths
percent (1.7640%).

          (R) The term “Tenant’s Supplemental Space Tax Share” shall mean, subject to the terms
hereof, three hundred eighty-one ten thousandths percent (.0381%).

     2.6. Tax Payment. 

          (A) Subject to the provisions of this Section 2.6, Tenant shall pay to Landlord, as additional
rent, the Tax Payment.

          (B) Subject to the provisions of this Section 2.6, Tenant shall pay to Landlord the Tax
Payment for a particular Tax Year on or prior to the thirtieth (30th) day before the
date that the applicable Governmental Authority obligates Landlord to make the corresponding
payment of Taxes for such Tax Year. If the applicable Governmental Authority requires Landlord to
pay the Taxes for a Tax Year in more than one (1) installment, then Tenant shall pay the Tax
Payment to Landlord for such Tax Year in a corresponding number of installments. Tenant shall not
be required to make a Tax Payment to Landlord (or to pay an installment thereof to Landlord)
earlier than the thirtieth (30th) day after the date that Landlord gives Tenant a Tax
Statement therefor. If Tenant’s obligation to make the Tax Payment hereunder commences on a date
that is not the date that the applicable Governmental Authority requires Landlord to make a
corresponding payment of Taxes, then Tenant shall pay to Landlord, on such date that Tenant’s
obligation to make the Tax Payment hereunder commences, the installment of the Tax Payment due
hereunder for the corresponding period, which installment shall be apportioned appropriately.

          (C) If the Office Premises Rent Commencement Date occurs later than the first (1st) day of the
Tax Year that immediately succeeds the Applicable Base Tax Period, then the Office Premises Tax
Payment for the Tax Year during which the Office Premises Rent Commencement Date occurs shall be an
amount equal to the product obtained by multiplying (X) the Office Premises Tax Payment that would
have been due hereunder if the Office Premises Rent Commencement Date was the first (1st) day of
such Tax Year, by (Y) a fraction, the numerator of which is the number of days in the period
beginning on the Office Premises Rent Commencement Date and ending on the last day of such Tax
Year, and the denominator of which is three hundred sixty-five (365) (or three hundred sixty-six
(366), if such Tax Year includes the month of February in a leap year).

          (D) If the Supplemental Space Rent Commencement Date occurs later than the first (1st) day of
the Tax Year that immediately succeeds the Applicable Base Tax Period, then the Supplemental Space
Tax Payment for the Tax Year during which the Supplemental Space

21

 

Rent Commencement Date occurs shall be an amount equal to the product obtained by multiplying
(X) the Supplemental Space Tax Payment that would have been due hereunder if the Supplemental Space
Rent Commencement Date was the first (1st) day of such Tax Year, by (Y) a fraction, the numerator
of which is the number of days in the period beginning on the Supplemental Space Rent Commencement
Date and ending on the last day of such Tax Year, and the denominator of which is three hundred
sixty-five (365) (or three hundred sixty-six (366), if such Tax Year includes the month of February
in a leap year).

          (E) If the Expiration Date is not the last day of a Tax Year, then the Tax Payment for the Tax
Year during which the Expiration Date occurs shall be an amount equal to the product obtained by
multiplying (X) the Tax Payment that would have been due hereunder if the Expiration Date was the
last day of such Tax Year, by (Y) a fraction, the numerator of which is the number of days in the
period beginning on the first (1st) day of such Tax Year and ending on the Expiration Date, and the
denominator of which is three hundred sixty-five (365) (or three hundred sixty-six (366), if such
Tax Year includes the month of February in a leap year).

          (F) The Tax Payment shall be computed initially on the basis of the Assessed Valuation in
effect on the date that Landlord gives the applicable Tax Statement to Tenant (as the Taxes may
have been settled or finally adjudicated prior to such time) regardless of any then pending
application, proceeding or appeal to reduce the Assessed Valuation, but shall be subject to
subsequent adjustment as provided in Section 2.7 hereof.

          (G) Tenant shall pay the Tax Payment regardless of whether Tenant is exempt, in whole or part,
from the payment of any Taxes by reason of Tenant’s diplomatic status or otherwise.

          (H) If Taxes are required to be paid on any date or dates other than as presently required by
the Governmental Authority imposing Taxes, then the due date of the installments of the Tax Payment
shall be adjusted so that each such installment is due from Tenant to Landlord thirty (30) days
prior to the date that the corresponding payment is due to the Governmental Authority (with the
understanding, however, that Tenant shall not be required to pay a Tax Payment to Landlord earlier
than the thirtieth (30th) day after the date that Landlord gives the applicable Tax
Statement to Tenant).

          (I) Landlord’s failure to give to Tenant a Tax Statement for any Tax Year shall not impair
Landlord’s right to give to Tenant a Tax Statement for any other Tax Year.

          (J) Landlord shall give to Tenant a copy of the relevant tax bill for each Tax Year (to the
extent that the applicable Governmental Authority has issued such tax bill to Landlord) together
with Landlord’s delivery of the Tax Statement or promptly after Tenant’s request therefor from time
to time.

     2.7. Tax Reduction Proceedings. 

          (A) Landlord (and not Tenant) shall be eligible to institute proceedings to reduce the
Assessed Valuation.

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          (B) Subject to the terms of this Section 2.7(B), Tenant shall have the right from time to time
to request (a “Tax Protest Request”) that Landlord indicates whether Landlord intends to
file a notice of protest with respect to a particular Tax Year. Tenant shall not have the right to
give a Tax Protest Request to Landlord earlier than the sixtieth (60th) day before, or later than
the twentieth (20th) day before, the last day that applicable Requirements permit Landlord to file
a notice of protest for such Tax Year. If Tenant gives a Tax Protest Request to Landlord, then
Landlord shall have the right to give to Tenant, not later than the tenth (10th) day before the
last day that applicable Requirements permit Landlord to file a notice of protest for the
applicable Tax Year, a notice indicating whether Landlord intends to file a notice of protest for
such Tax Year. If Landlord so indicates that Landlord intends to file such notice of protest, then
Landlord shall do so in accordance with applicable Requirements. If (I) (i) Landlord (x) so
indicates that Landlord does not intend to file such notice of protest, and (y) has not theretofore
settled or compromised the Taxes for the applicable Tax Year, or (ii) Landlord fails to respond to
the Tax Protest Request on or prior to the tenth (10th) day before the last day that applicable
Requirements permit Landlord to file a notice of protest, as aforesaid, and (II) Tenant, and other
tenants in the Building to which is demised no less than seventy-five percent (75%) of the Rentable
Area of the Building thereof in the aggregate, give to Landlord, not later than the fifth (5th) day
before the last day that applicable Requirements permit Landlord to file a notice of protest for
the applicable Tax Year, a notice directing Landlord to file such notice of protest, then Landlord
shall (x) file such notice of protest for the applicable Tax Year in accordance with applicable
Requirements, and (y) institute and prosecute a tax certiorari proceeding for the applicable Tax
Year; provided, however, that Landlord shall not be required to file such notice of protest or
institute and prosecute a tax certiorari proceeding to the extent that Landlord has theretofore
settled or compromised the Taxes for the applicable Tax Year. If (i) Tenant gives a Tax Protest
Request to Landlord as contemplated by this Section 2.7(B), (ii) Landlord indicates in response to
the Tax Protest Request that Landlord intends to file a notice of protest, (iii) Landlord
subsequently elects not to institute and prosecute a tax certiorari proceeding for the applicable
Tax Year, and (iv) Landlord has not theretofore settled or compromised the Taxes for the applicable
Tax Year, then Landlord shall give Tenant notice thereof not later than the twentieth (20th) day
before the last day that applicable Requirements permit Landlord to institute such tax certiorari
proceeding. If (x) Landlord gives such notice to Tenant, and (y) Tenant, and other tenants in the
Building to which is demised no less than seventy-five percent (75%) of the Usable Area thereof in
the aggregate, give to Landlord, not later than the tenth (10th) day before the last day that
applicable Requirements permit Landlord to institute a tax certiorari proceeding for the applicable
Tax Year, a notice directing Landlord to file such tax certiorari proceeding, then Landlord shall
file and prosecute in good faith such tax certiorari proceeding for the applicable Tax Year in
accordance with applicable Requirements; provided, however, that Landlord shall not be required to
file and prosecute such tax certiorari proceeding to the extent that Landlord has settled or
compromised the Taxes for the applicable Tax Year.

          (C) If, after a Tax Statement has been sent to Tenant, an Assessed Valuation that Landlord
used to compute the Tax Payment for a Tax Year is reduced, and, as a result thereof, a refund of
Taxes is actually received by, or credited to, Landlord, then Landlord, promptly after Landlord’s
receipt of such refund (or such refund is credited to Landlord, as the case may be), shall send to
Tenant a Tax Statement adjusting the Taxes for such Tax Year and setting forth, based on such
adjustment, the portion of such refund for which Tenant is entitled a credit as set forth in this
Section 2.7(C). Landlord shall have the right to deduct from such

23

 

refund the Out-of-Pocket Costs that Landlord incurs in obtaining such refund (so that
Landlord, in calculating the adjusted Tax Payment, takes into account only the net proceeds of such
refund that Landlord receives (or that is credited to Landlord)). Landlord shall credit the
portion of such refund to which Tenant is entitled against the Rental thereafter coming due
hereunder. If (x) Tenant is entitled to a credit against Rental pursuant to this Section 2.7(C),
and (y) the Expiration Date occurs prior to the date that such credit is exhausted, then Landlord
shall pay to Tenant the unused portion of such credit on or prior to the thirtieth (30th) day after
the Expiration Date (and Landlord’s obligation to make such payment shall survive the Expiration
Date). If (i) Landlord receives such refund (or a credit therefor) after the Expiration Date, and
(ii) Tenant is entitled to a portion thereof as contemplated by this Section 2.7(C), then Landlord
shall pay to Tenant an amount equal to Tenant’s share of such refund (or such credit) within thirty
(30) days after the date that such refund is paid to Landlord (or such refund is credited to
Landlord, as the case may be) (and Landlord’s obligation to make such payment shall survive the
Expiration Date).

          (D)

          (1) If the Assessed Valuation for a Tax Year in the Applicable Base Tax Period is reduced at
any time after the date that Landlord gives a Tax Statement to Tenant for a Tax Year, then Landlord
shall have the right to give to Tenant a revised Tax Statement that recalculates the Tax Payment
for a Tax Year (using the Taxes that reflect such reduction in such Assessed Valuation). Tenant
shall pay to Landlord an amount equal to the excess of (i) the Tax Payment as reflected on such
revised Tax Statement, over (ii) the Tax Payment as reflected on the prior Tax Statement, within
thirty (30) days after Landlord gives such revised Tax Statement to Tenant.

          (2) If the Assessed Valuation for a Tax Year in the Applicable Base Tax Period is increased at
any time after the date that Landlord gives a Tax Statement to Tenant for a Tax Year, then Landlord
shall give to Tenant a revised Tax Statement that recalculates the Tax Payment for a Tax Year
(using the Taxes that reflect such increase in such Assessed Valuation). Landlord shall credit
against the Rental thereafter coming due hereunder an amount equal to Tenant’s overpayment of the
Tax Payment (calculated as aforesaid using such increased Assessed Valuation). If (x) Tenant is
entitled to a credit against Rental pursuant to this Section 2.7(D)(2), and (y) the Expiration Date
occurs prior to the date that such credit is exhausted, then Landlord shall pay to Tenant the
unused portion of such credit on or prior to the thirtieth (30th) day after the Expiration Date
(and Landlord’s obligation to make such payment shall survive the Expiration Date). If (i) such
increase in such Assessed Valuation occurs after the Expiration Date, and (ii) Tenant is entitled
to a credit against Rental as contemplated by this Section 2.7(D)(2), then Landlord shall pay to
Tenant an amount equal to such credit within thirty (30) days after the date that such increase in
such Assessed Valuation occurs (and Landlord’s obligation to make such payment shall survive the
Expiration Date).

     2.8. Building Additions.

          (A) If Landlord makes improvements to the Building to expand the Rentable Area thereof, then,
with respect to the period from and after the date that Taxes are assessed on the Building to
reflect such improvements, (I) each of (i) the applicable Tenant’s Office Premises Tax Share and
(ii) Tenant’s Supplemental Space Tax Share shall be recalculated as of the date

24

 

that Taxes are so assessed as the quotient (expressed as a percentage) that is obtained by
dividing (x) the number of square feet of Rentable Area in the Premises, by (y) the number of
square feet of Rentable Area in the Building (after taking into account such expansion of the
Rentable Area thereof) and (II) each of (i) the applicable Office Premises Base Taxes and (ii) the
Supplemental Space Base Taxes shall be an amount equal to the product obtained by multiplying (x)
each of (i) the applicable Office Premises Base Taxes and (ii) the Supplemental Space Base Taxes in
each case immediately prior to the date that Taxes are assessed on the Building to reflect such
improvements, by (y) a fraction, the numerator of which is the Taxes that are assessed against the
Building (after taking such improvements into account), and the denominator of which is the Taxes
that are assessed against the Building (before taking such improvements into account).

          (B) If Landlord makes improvements to the Building to expand the Rentable Area thereof, then,
with respect to the period from and after the date that such improvements are Substantially
Completed, (I) the applicable Tenant’s Office Premises Operating Expense Share shall be
recalculated as of the date that such improvements are Substantially Completed as the quotient
(expressed as a percentage) that is obtained by dividing (x) the number of square feet of Rentable
Area in the Office Premises, by (y) the number of square feet of Rentable Area in the Building
(other than any retail portion thereof) (after taking such expansion into account) and (II) the
applicable Office Premises Base Operating Expenses shall be deemed to be an amount equal to the
product obtained by multiplying (x) the applicable Office Premises Base Operating Expenses prior to
the date that such improvements are Substantially Completed, by (y) a fraction, the numerator of
which is the Operating Expenses for the Building (after such improvements are Substantially
Completed), and the denominator of which is the Operating Expenses for the Building (prior to such
improvements being Substantially Completed).

Article 3

USE

     3.1. Permitted Use. 

          (A) Subject to Section 3.2 hereof, Tenant shall use the Office Premises, and Tenant shall
cause any other Person claiming by, through or under Tenant to use the Office Premises, in either
case only as general, administrative and executive offices, trading floors, and for investment
banking, brokerage and financial services and for uses reasonably incidental thereto (collectively,
the “Permitted Uses”).

          (B) Subject to Section 3.2 hereof, Tenant shall, at Tenant’s option, use the Supplemental
Space or any portion thereof, and Tenant shall cause any other Person claiming by, through or under
Tenant to use the Supplemental Space or any portion thereof, in either case, as either (i) as a
storage room and for uses reasonably incidental thereto or (ii) as additional working space for
Tenant’s employees and for uses reasonably incidental thereto.

          (C) Landlord acknowledges that the following items qualify as uses that are incidental to the
Permitted Uses (provided that Tenant’s use of the Office Premises for such purposes supports
Tenant’s primary use of the Office Premises for the Permitted Uses):

25

 

          (1) pantries and vending machines;

          (2) conference rooms and board rooms;

          (3) data processing centers;

          (4) duplicating and photographic reproduction facilities;

          (5) mailroom and messenger facilities; and

          (6) secured storage facilities for Tenant’s Property, including, without limitation,
equipment, records and files.

Nothing contained in this Section 3.1(C) impairs Tenant’s obligation to perform Alterations in
accordance with the provisions of Article 7 hereof. Landlord and Tenant acknowledge that the
parties’ description of particular incidental uses in this Section 3.1(C) does not impair Tenant’s
right to use the Office Premises for other uses that are otherwise reasonably incidental to
Tenant’s use of the Office Premises for the Permitted Uses as provided in this Section 3.1.

     3.2. Limitations. 

     Tenant shall not use the Premises or any part thereof, or permit the Premises or any part
thereof to be used:

          (1) for the conduct of “off-the-street” retail trade;

          (2) by any Governmental Authority or any other Person having sovereign or diplomatic immunity
(it being understood, however, that this clause (2) shall not prohibit a Permitted Party from
permitting representatives of a Governmental Authority to enter a portion of the Premises
temporarily to perform audits or other similar regulatory review of such Permitted Party’s
business);

          (3) for the sale, storage, preparation, service or consumption of food or beverages in any
manner whatsoever (except that a Permitted Party has the right to store, prepare, and serve food
and beverages, by any reasonable means (including, without limitation, by means of customary
vending machines), for consumption by such Permitted Party’s personnel and business guests in the
Premises);

          (4) as an employment agency, executive search firm or similar enterprise (other than an
executive search firm or similar enterprise where members of the public visit the Premises on an
appointment only basis and not more than ten (10) members of the public visit the Premises per
day), labor union, school, or vocational training center (except for the training of employees of a
Permitted Party who are employed at the Premises); or

          (5) for gaming or gambling.

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     3.3. Rules. 

          (A) Subject to the terms of this Section 3.3, Tenant shall comply with, and Tenant shall cause
any other Person claiming by, through or under Tenant to comply with, the
rules set forth in Exhibit “3.3” attached hereto and made a part hereof, and other reasonable
rules that Landlord hereafter adopts from time to time on reasonable advance notice to Tenant,
including, without limitation, rules that govern the performance of Alterations (such rules that
are attached hereto, and such other rules, being collectively referred to herein as the
“Rules”). Tenant shall have the right to institute an Expedited Arbitration Proceeding to
determine the reasonableness of any additional Rule hereafter adopted by Landlord only by giving
notice thereof to Landlord within sixty (60) days after the date that Landlord gives Tenant notice
of Landlord’s adoption of any such additional Rule (it being understood that Tenant shall not have
any other right to dispute the reasonableness of any such additional Rule hereafter adopted by
Landlord). Except as expressly set forth in Section 3.3(B) hereof, Landlord shall not have any
obligation to enforce the Rules or the terms of any other lease against any other tenant, and
Landlord shall not be liable to Tenant for violation thereof by any other tenant. Landlord shall
not enforce any Rule against Tenant (i) that Landlord is not then enforcing against all other
office and storage tenants in the Building (as the case may be), or (ii) in a manner that differs
in any material respect from the manner in which Landlord is enforcing the applicable Rule against
other office and storage tenants in the Building (as the case may be). If a conflict or
inconsistency exists between the Rules and the provisions of the remaining portion of this Lease,
then the provisions of the remaining portion of this Lease shall control.

          (B) If (i) another occupant in the Building fails to comply with a Rule that is applicable to
Tenant under this Lease, (ii) such failure by such other occupant violates the terms of a lease
between such occupant and Landlord, (iii) such failure by such other occupant has a material
adverse effect on Tenant’s ability to conduct business in the Premises, (iv) Tenant is then in
compliance with such Rule, and (v) Tenant requested that Landlord enforce Landlord’s rights against
such other occupant in respect of such failure, then Landlord shall use due diligence to enforce
such rights as aforesaid against such other occupant in respect of such failure (it being agreed,
however, that Landlord shall have no obligation to institute a proceeding against such other
occupant and Landlord shall not be liable to Tenant for such occupant’s failure to comply with a
Rule as provided in this Section 3.3(B)) promptly after Tenant’s request to Landlord therefor.
Landlord shall consult from time to time with Tenant in connection with Landlord’s using due
diligence to enforce the aforesaid rights of Landlord against such other occupant as contemplated
by this Section 3.3(B).

     3.4. Risers. 

          Subject to the terms of this Section 3.4, Landlord hereby consents to Tenant’s installing and
maintaining (a) fuel lines, electrical lines, exhaust ducts and flues or other similar lines,
ducts, and conduits, (b) two (2) dedicated four inch (4”) empty telecommunications conduits
connecting two of the Building’s diverse points of entry to the Premises (for a total of four (4)
conduits) and (c) a conduit route from the Premises to the Antennae Site (the aforesaid lines,
ducts, flues and conduits described in clauses (a) and (b) hereof, are collectively referred to as
the “Risers”) in the shaft locations shown on Exhibit “3.4” attached hereto and made a part
hereof (the “Designated Shaftways”). Landlord shall provide Tenant with reasonably
necessary

27

 

access in accordance with good construction practice for the installation, operation and
maintenance of the Risers, provided that such access shall (i) not unreasonably interfere with or
interrupt the operation and maintenance of the Building, and (ii) be upon such other terms
reasonably designated by Landlord. Tenant shall install the Risers at Tenant’s expense. Tenant
shall perform such installation in accordance with the provisions of this Lease, including,
without limitation, the provisions pertaining to the performance of Alterations. Notwithstanding
the foregoing to the contrary if, any asbestos or asbestos containing materials that violate
applicable Requirements are found in all or any portion of the Designated Shaftways, then unless
the existence of such asbestos or asbestos containing materials results from any act or omission of
Tenant, or any Person claiming by, through or under Tenant (including, without limitation, any
subtenant or other occupant of all or any portion of the Premises) or any of Tenant’s or such
Person’s respective employees, agents, contractors, or subcontractors, Landlord, at Landlord’s
option, shall either be responsible, at Landlord’s own cost and expense to remove or abate such
asbestos or asbestos containing materials from the applicable portion(s) of the Designated
Shaftways, to the extent required by applicable Requirements or, shall designate reasonably such
other shaft locations in the Building which do not contain such asbestos or asbestos containing
materials for Tenant’s use in accordance with the terms hereof. If Tenant exercises Tenant’s right
to install the Risers as contemplated by this Section 3.4, then Tenant, at Tenant’s expense, shall
maintain the Risers in good condition during the Term. Tenant, upon the Expiration Date, shall not
be required to remove the Risers.

     3.5. Promotional Displays. 

     Tenant shall not have the right to use any window in the Premises for any sign or other
display that is designed principally for advertising or promotion.

     3.6. Antennae Roof Rights. 

          (A) Subject to the terms of this Section 3.6, Tenant shall have the right to install two (2)
satellite dishes, each having a diameter not to exceed twenty-six
inches (“26”), together with
related equipment, mountings and supports, in a location on the roof to be reasonably designated by
Landlord for use solely by Tenant (or other Permitted Parties) (and not for resale purposes) (such
antenna and such related equipment, mountings and supports being collectively referred to herein as
the “Basic Antennae”). A copy of the floor plan showing the locations on the roof which
are available to accommodate the Basic Antennae as of the date hereof is attached hereto as Exhibit
“3.6” and made a part hereof. The location on the roof of the Building so reasonably designated by
Landlord shall be sufficient in size to accommodate the Basic Antennae and shall be subject to
Tenant’s prior reasonable approval thereof (the area on the roof reasonably designated by Landlord
and reasonably approved by Tenant, the “Basic Antennae Site”).

          (B) Landlord shall not unreasonably withhold, condition or delay Landlord’s consent to
Tenant’s installation of additional antennae, or satellite dishes, together with related equipment,
mountings and supports to the extent the same is reasonably requested by Tenant (such additional
antennae and such related equipment, mountings and supports being collectively referred to herein
as the “Additional Antennae”), in locations on the roof of the Building other than the
Basic Antennae Site (it being understood, however, that Landlord, in considering any

28

 

such additional installations of Additional Antennae in locations other than the Basic Antennae Site,
shall have the right to take into account the requirements of the Building and the requirements of
other occupants of the Building, or any such requirements that Landlord reasonably expects to arise
in the foreseeable future) (each such additional location on the roof of
the Building where Landlord consents to Tenant’s installation of Additional Antennae being
referred to herein as an “Additional Antennae Site”).

          (C) Tenant’s rights to use the Basic Antennae Site and any Additional Antennae Site (the Basic
Antennae Site and any Additional Antennae Site being collectively referred to herein as the
“Antennae Site”) as contemplated by this Section 3.6 shall be on a non-exclusive basis.
Landlord shall make available to Tenant reasonable access to the roof of the Building for the
construction, installation, maintenance, repair, operation and use of the Basic Antennae or the
Additional Antennae (collectively, “Antennae”) in the Antennae Site. Except as otherwise
expressly set forth in this Section 3.6, the Antennae shall be deemed for all purposes of this
Lease to be a Specialty Alteration. Tenant shall perform Tenant’s installation of the Antennae as
contemplated by this Section 3.6 in accordance with the provisions of Article 7 hereof. Tenant, as
part of such installation, shall reinforce the structure of the Building (including, without
limitation, the roof of the Building and the columns on the floors below such roof), to the extent
reasonably required by Landlord. The rights granted to Tenant in this Section 3.6 shall not be
assignable by Tenant separate and apart from this Lease. Tenant and any Major Subtenant shall have
the right to use the Antennae Site as contemplated by this Section 3.6.

          (D) Tenant shall not be required to pay any license fee or other similar charge for the Basic
Antennae Site (it being understood, however, that Tenant shall remain obligated to pay any other
actual Out-of-Pocket Costs that Landlord otherwise incurs and which Tenant is otherwise obligated
to reimburse Landlord for under this Lease in connection therewith, including, without limitation,
amounts that are payable to Landlord under Article 7 hereof in connection with Tenant’s performance
of Alterations in the Basic Antennae Site). Tenant shall pay a fee (the “License Fee”) to
Landlord, as additional rent, for Tenant’s right to use an Additional Antennae Site, in a monthly
amount equal to the Fair Market Rent therefor, payable in equal monthly installments in advance
commencing on the date that Landlord gives Tenant the use thereof and ending on the earlier to
occur of the Expiration Date and the Additional Antennae Site End Date. Landlord and Tenant shall
determine the Fair Market Rent of the Additional Antennae Site in accordance with the terms of
Article 21 hereof. Notwithstanding anything to the contrary contained herein, Tenant shall have
the right at any time to remove any Antennae which are then located in an Antennae Site by
providing Landlord with at least ten (10) days prior notice thereof; it being understood, however,
that if Tenant exercises the aforesaid right to remove any Antennae which are then located in an
Antennae Site, then Tenant shall have no further right to use such Antennae Site and (x) subject to
all provisions of Article 7 hereof, Tenant shall perform, at Tenant’s expense, any work necessary
in connection therewith and repair any damage to the applicable Antennae Site or any other portion
of the Building caused by such removal, and (y) to the extent that any such Antennae constitute
Additional Antennae, from and after the date that Tenant removes such Additional Antennae from any
Additional Antennae Site (such date, the “Additional Antennae Site End Date”), Tenant shall
have no further obligation to pay Landlord the License Fee with respect to the applicable
Additional Antennae Site hereunder (it being understood that if Tenant removes an Additional
Antennae from an Additional Antennae Site on a date other than the last day of the calendar month,
the amount of

29

 

the License Fee due with respect to the applicable Additional Antennae Site for such
month shall be proportionately adjusted).

          (E) Landlord retains the right to use the Antennae Site for any reasonable purpose whatsoever,
including, without limitation, for purposes of running pipes, ducts, or other equipment through the
Antennae Site, provided that Landlord does not unreasonably interfere with the use of the Antennae
Site by Tenant (or the applicable Permitted Party) for the operation of the Antennae. Tenant shall
use the Antennae in a manner that does not interfere materially with (i) the use and occupancy of
leasable areas in the Building by other tenants or occupants, (ii) the reception or transmission of
communication signals by or from any antennae, satellite dishes or similar equipment installed by
Landlord or any other tenant or occupant in the Building in either case prior to the date that the
Antennae is installed, or (iii) the operation of the Building Systems. If, after any Antennae is
installed by Tenant, it is discovered that the Antennae causes any such interference, then Tenant,
at its expense, shall relocate its Antennae from the Antennae Site to another area on the roof
reasonably designated by Landlord, as promptly as reasonably practicable.

          (F) Landlord shall not have any obligation to maintain, repair or restore the Antennae, or to
cause the Antennae to comply with Requirements. Landlord shall not be required to obtain or
maintain any required permits or licenses for the Antennae (with the understanding, however, that
Landlord shall cooperate reasonably with Tenant in connection with Tenant’s obtaining such permits
or licenses). Landlord shall not be responsible for any damage that is caused to Tenant or the
Antennae by any other tenant or occupants of the Building, or for any interference or disturbance
caused to the Antennae by any equipment installed on or in the Building (except to the extent that
such interference or disturbance derives from Landlord’s negligence or willful misconduct).
Landlord makes no representation that the Antennae will receive or transmit communication signals
without interference or disturbance and Tenant agrees that Landlord shall not be liable to Tenant
therefor.

          (G) Tenant, at Tenant’s expense, to the extent required by applicable Requirements shall
install lightning rods or air terminals on or about the Antennae. Tenant shall (i) be solely
responsible for any damage caused to Landlord or any other Person or property as a result of the
installation, maintenance or use of the Antennae, (ii) promptly pay any tax, license, permit or
other fees or charges imposed pursuant to any Requirements relating to the installation,
maintenance or use of the Antennae, (iii) promptly comply with Requirements in connection with the
installation, maintenance or use of the Antennae, and (iv) perform all necessary repairs or
replacements to, or maintenance of, the Antennae.

          (H) The license granted to Tenant under this Section 3.6 shall automatically terminate and
expire upon the expiration or earlier termination of this Lease.

          (I) Tenant, at Tenant’s expense, shall remove the Antennae from the Antennae Site promptly
after the date that Tenant’s rights under this Section 3.6 lapse or otherwise terminate (and any
installment of the License Fee paid by Tenant to Landlord hereunder in respect of any period of
time after the date that Tenant so removes the Antennae shall be credited by Landlord against
Tenant’s next installments of Rental due hereunder). If (i) Tenant fails to remove the Antennae as
required hereunder, and (ii) such failure continues for

30

 

more than thirty (30) days after the date
that Landlord gives Tenant notice thereof, then Landlord may remove the Antennae as required
hereunder, and Tenant shall reimburse Landlord for any
reasonable costs incurred by Landlord in connection therewith within thirty (30) days after
Landlord’s request therefor.

     3.7. Core Toilets.

     Tenant shall have the right to use the toilets that are located in the core area of the
Building on any floor of the Building where the Premises is located and where the Premises does not
include the entire Rentable Area of such floor (in common with the other occupants of such floor of
the Building).

     3.8. Wireless Internet Service.

     Subject to the terms of this Section 3.8, Tenant shall have the right to install wireless
Internet service in the Premises. Tenant shall not solicit other occupants of the Building to use
wireless Internet service that emanates from the Premises. Tenant shall not permit the signals of
Tenant’s wireless Internet service (if any) to emanate beyond the Premises in a manner that
interferes in any material respect with any Building Systems or with any other occupant’s use of
other portions of the Building. Nothing contained in this Section 3.8 diminishes Tenant’s
obligation to perform Alterations in accordance with the provisions of Article 7 hereof.

     3.9. Telecommunications.

     Landlord shall permit Tenant to gain access to the facilities of the telecommunications
provider that services the Building from time to time through the telecommunication closet on the
floor of the Building where the Premises is located (it being understood that Landlord’s granting
such access to Tenant shall not constitute Landlord’s agreement to provide telecommunications
services to Tenant or to otherwise have responsibility for the operation or security thereof).

     3.10. Floor Load.

     To Landlord’s knowledge, the live load permitted for each floor of the Premises is described
on the certificate of occupancy of the Building that is attached hereto as Exhibit “3.10” and made
a part hereof.

Article 4

SERVICES

     4.1. Certain Definitions. 

     (A) The term “Building Hours” shall mean the period from 8:00 AM to 6:00 PM on
Business Days and the period from 9:00 AM to 1:00 PM on Saturdays that are not Holidays.

31

 

          (B) The term “Building Systems” shall mean the service systems of the Building,
including, without limitation, the mechanical, gas, steam, electrical, sanitary, HVAC, elevator,
plumbing, and life-safety systems of the Building (it being understood that the Building Systems
shall not include any systems that Tenant installs in the Premises as an Alteration).

          (C) The term “HVAC” shall mean heat, ventilation and air-conditioning.

          (D) The term “HVAC Systems” shall mean the Building Systems that provide HVAC.

          (E) The term “Overtime Periods” shall mean any times that do not constitute Building
Hours; provided, however, that the Overtime Periods for the freight elevator shall also include the
lunch period of the personnel who operate the freight elevator or the related loading facility and
the Building Hours that occur on Saturdays.

     4.2. Elevator Service. 

          (A) Subject to the terms of Section 9.6(C) hereof, Article 10 hereof and this Section 4.2,
Landlord shall provide Tenant with passenger elevator service for the Premises using the Building
Systems therefor. Tenant’s use of the passenger elevators shall be in common with other occupants
of the Building. Tenant shall have the use of the passenger elevators that service the Premises at
all times, except that Landlord, during Overtime Periods, shall have the right to limit reasonably
the passenger elevators that Landlord makes available to service the Premises (provided that there
is available to Tenant on a non-exclusive basis at all times at least one (1) passenger elevator
that services the Premises). Tenant shall use the passenger elevators only for purposes of
transporting persons to and from the Premises.

          (B) Subject to the terms of Section 9.6(C) hereof, Article 10 hereof and this Section 4.2,
Landlord shall provide Tenant with freight elevator service for the Premises using the Building
Systems therefor. Tenant’s use of the freight elevator shall be in common with other occupants of
the Building. Landlord shall have the right to prescribe reasonable rules from time to time
regarding the rights of the occupants in the Building (including, without limitation, Tenant) to
use the freight elevator (governing, for example, the responsibility of occupants of the Building
to reserve freight elevator use in advance, particularly for Overtime Periods). Tenant shall use
the freight elevator in accordance with applicable Requirements. If Tenant uses the freight
elevator during Overtime Periods, then Tenant shall pay to Landlord, as additional rent, an amount
calculated at the reasonable hourly rates that Landlord charges from time to time therefor, within
thirty (30) days after Landlord’s giving to Tenant an invoice therefor; provided, however, that
Tenant shall not be required to pay for the first one hundred fifty (150) hours of Tenant’s
overtime use of the freight elevator only for Tenant’s initial move into the Premises or Tenant’s
performance of the Initial Alterations (but not for purposes associated with the ordinary conduct
of Tenant’s business); it being understood, however, that the time periods during which the freight
elevators are used incidentally by Tenant’s consultants during Overtime Periods in connection with
the Initial Alterations shall not be included in the calculation of the aforesaid one hundred fifty
(150) hours. Landlord shall have the right to charge Tenant for a particular minimum number of
hours of usage of the freight elevator during Overtime Periods to the extent that the applicable
union contract or service contract requires Landlord to engage the necessary

32

 

personnel (including, without limitation, a freight elevator operator and loading dock
attendant) for such minimum number of overtime hours. If (x) Tenant requests Landlord to provide
Tenant with freight elevator service during Overtime Periods as provided in this Section 4.2(B),
and (y) another tenant in the Building also uses, or other tenants in the Building also use, the
applicable freight elevator during such Overtime Period, then Landlord shall allocate equitably the
charges described in this Section 4.2(B) among Tenant and such other tenant or tenants.

     4.3. Heat, Ventilation and Air-Conditioning. 

          (A) Subject to the terms of Article 10 hereof and this Section 4.3, (x) Landlord shall operate
the HVAC System to provide HVAC at the perimeter of the Office Premises and the Additional
Occupancy Space that satisfies, at a minimum, the specifications set forth on Exhibit “4.3”
attached hereto and made a part hereof and (y) Landlord shall operate the HVAC System to provide
HVAC at the perimeter of the Actual Storage Space in the same manner and in accordance with the
specifications therefor existing as of the date hereof. Except to the extent otherwise part of
Landlord’s Work, Landlord shall not be required to make any installations in the Premises to
distribute HVAC within the Premises. Landlord shall not be required to repair or maintain during
the Term (i) any installations that exist in each Applicable Space on the Applicable Commencement
Date that distribute within the Premises HVAC that the HVAC System provides, or (ii) any system
that is located in the Premises on the Applicable Commencement Date that provides supplemental HVAC
for the Premises (in addition to the HVAC provided by the HVAC System). Tenant shall endeavor to
keep closed the curtains, blinds, shades or screens that Tenant installs on the windows of the
Premises in accordance with the terms hereof to the extent reasonably necessary to reduce the
interference of direct sunlight with the operation of the HVAC System.

          (B) Landlord shall operate the HVAC System for Tenant’s benefit during Overtime Periods if
Tenant so advises Landlord not later than 2:00 P.M. on the Business Day immediately preceding the
day on which Tenant requires HVAC during Overtime Periods. If Landlord so provides HVAC to the
Premises during Overtime Periods (as so requested by Tenant), then Tenant shall pay to Landlord, as
additional rent, an amount calculated at the hourly rates of Four Hundred Dollars and No Cents
($400.00) for heating, Five Hundred Dollars and No Cents ($500.00) for air-conditioning, and Two
Hundred Fifty Dollars and No Cents ($250.00) for ventilation within thirty (30) days after Landlord
gives to Tenant an invoice therefor. The aforesaid amounts shall be in effect throughout the Term.
If (x) Landlord so provides HVAC to the Premises during an Overtime Period (as so requested by
Tenant), and (y) another tenant requests or other tenants request HVAC during the same Overtime
Period, then Landlord shall reduce equitably Landlord’s aforesaid charge to Tenant for HVAC during
such Overtime Period to reflect such other tenant’s use, or such other tenants’ use, of HVAC during
such Overtime Period. Landlord shall have the right to charge Tenant for a particular minimum
number of hours of usage of the HVAC System during Overtime Periods to the extent that the
applicable union contract or service contract requires Landlord to engage the necessary personnel
(including, without limitation, a building engineer) for such minimum number of overtime hours.

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     4.4. Cleaning. 

          (A) Subject to the terms of Article 10 hereof and this Section 4.4, Landlord shall cause the
Premises to be cleaned substantially in accordance with the standards set forth in Exhibit “4.4”
attached hereto and made a part hereof (such cleaning standards as described on such exhibit being
collectively referred to herein as the “Base Cleaning Services”); provided, however, that
Landlord shall not be required to provide the Base Cleaning Services for the Supplemental Space or
any portion thereof. Landlord shall not be required to clean the portions of the Premises (if any)
(x) that Tenant uses for the storage, preparation, service or consumption of food or beverages
(except Landlord shall cause one (1) pantry on each floor of the Office Premises but not a kitchen
in which food is cooked (each such pantry, a “Designated Pantry”) to be cleaned to the
extent each Designated Pantry is used in connection with use of the Premises for ordinary office
purposes; it being understood, however, that in the event that more than one (1) pantry exists on
either floor of the Office Premises, Tenant shall notify Landlord as to which pantry constitutes
the Designated Pantry and if Tenant fails to notify Landlord as aforesaid, Landlord shall designate
the pantry to be cleaned on the applicable floor(s) of the Office Premises), (y) in which Tenant is
performing Alterations, or (z) in which the interior installation has been demolished in all
material respects. Tenant shall pay to Landlord, as additional rent, the reasonable costs incurred
by Landlord in removing from the Building any of Tenant’s refuse and rubbish to the extent
exceeding the amount of refuse and rubbish usually generated by a tenant that uses the Premises for
ordinary office purposes. Tenant shall make such payments to Landlord not later than the thirtieth
(30th) day after the date that Landlord gives to Tenant an invoice therefor from time to time.

          (B) Tenant, at Tenant’s expense, shall exterminate the portions of the Premises that Tenant
uses for the storage, preparation, service or consumption of food against infestation by insects
and vermin regularly and, in addition, whenever there is evidence of infestation. Tenant shall
engage Persons to perform such exterminating that are approved by Landlord, which approval Landlord
shall not unreasonably withhold, condition or delay. Tenant shall cause such Persons to perform
such exterminating in a manner that is reasonably satisfactory to Landlord.

          (C) Tenant, at Tenant’s expense, shall clean daily all portions of the Premises used for the
storage, preparation, service or consumption of food or beverages excluding each Designated Pantry.
Tenant shall not have the right to perform any cleaning services (or any other similar facilities
management services such as, for example, matron services or handyman services) in the Premises
using any Person other than the cleaning contractor that Landlord has engaged from time to time to
perform cleaning services in the Building for Landlord; provided, however, that (x) Landlord shall
not have the right to require Tenant to use such cleaning contractor unless the rates that such
cleaning contractor agrees to charge Tenant for such additional cleaning services are commercially
reasonable, and (y) subject to Section 4.14 hereof, Tenant shall have the right to use Tenant’s own
employees for such additional cleaning services. If such cleaning contractor does not agree to
charge Tenant for such additional cleaning services (or such similar services) at commercially
reasonable rates, then Tenant may employ to perform such additional cleaning services (or such
similar services) another cleaning contractor that Landlord approves, which approval Landlord shall
not unreasonably withhold, condition or delay.

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          (D) Tenant shall comply with any refuse disposal program (including, without limitation, any
waste recycling program) that Landlord imposes reasonably after having given Tenant reasonable
advance notice of the effectiveness thereof or that is required by Requirements.

          (E) Tenant shall not clean any window in the Premises, nor require, permit, suffer or allow
any window in the Premises to be cleaned, in either case from the outside in violation of Section
202 of the New York Labor Law, any other Requirement, or the rules of the Board of Standards and
Appeals, or of any other board or body having or asserting jurisdiction.

     4.5. Water. 

     Landlord shall provide, through the Building Systems, hot and cold water at one (1) connection
point at the perimeter of the Office Premises on each floor of the Building only for ordinary
drinking, pantry, cleaning and lavatory purposes. Except to the extent otherwise part of
Landlord’s Work, Landlord shall not be required to make any installations in the Office Premises
to distribute water within the Office Premises. Tenant acknowledges that Landlord shall not be
required to provide hot or cold water service for the Supplemental Space. Landlord shall not be
required to repair or maintain during the Term any installations that exist in each Applicable
Space on the Applicable Commencement Date that distribute water in the Premises. Nothing contained
in this Section 4.5 limits the provisions of Article 10 hereof.

     4.6. Directory. 

     Subject to the terms of this Section 4.6, Landlord shall make available to Tenant, from and
after the Commencement Date, the computerized directory in the lobby of the Building for purposes
of listing the names of the personnel of Permitted Parties. Landlord shall reprogram such
directory to add or delete names of the personnel or Permitted Parties promptly after Tenant’s
request from time to time, except that Tenant shall not have the right to make any such request
more frequently than once in any particular period of ninety (90) days. If Landlord replaces the
computerized directory with a standard directory in the lobby of the Building, then Tenant shall be
entitled to Tenant’s Office Premises Operating Expense Share of such listings on such directory for
purposes of listing the names of the personnel of Permitted Parties as provided in this Section
4.6. Landlord reserves the right to remove the directory in the lobby of the Building at any time
(without making a replacement thereof).

     4.7. Condenser Water. 

     Subject to the terms of Article 10 hereof and this Section 4.7, Tenant, at Tenant’s expense,
may tap into the applicable Building System (the “Condenser Water System”) to obtain
condenser water for a supplemental air-conditioning system(s) that Tenant installs in the Office
Premises (on either or both floors thereof) as part of the Initial Alterations in accordance with
the provisions of Article 7 hereof. Any such supplemental air-conditioning system(s) that Tenant
installs shall not use in the aggregate, at any particular time, more than eighty (80) tons. In
the event that Tenant shall demonstrate to Landlord that Tenant reasonably requires an amount of
condenser water capacity in excess of such eighty (80) tons then Landlord shall not unreasonably
withhold it consent to such amount taking into account the then and future requirements of the

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other tenants in the Building. Any installations that are required to connect Tenant’s
supplemental air-conditioning system(s) to the condenser water pipes shall be made by Landlord
(based on the plans and specifications therefor as designed by Tenant and approved by Landlord as
contemplated by Article 7 hereof) as part of Landlord’s Work. If Tenant shall install a
supplemental air-conditioning unit system(s) as contemplated under this Lease, then, from and after
such installation and the actual connection of each ton of capacity from time to time, Tenant shall
pay to Landlord, as additional rent:

          (A) the actual Out-of-Pocket costs that Landlord incurs in making such connection; and

          (B) an annual charge in the amount of Three Hundred Fifty Dollars and No Cents ($350.00) per
ton of capacity of the system so connected and operational (excluding redundant or back-up units in
such calculation provided the same are not used at the same time as such system and which amount
per ton shall be increased on each anniversary of the Commencement Date to reflect the percentage
increase, if any, in the Consumer Price Index from the Consumer Price Index that is in effect on
the Commencement Date).

Tenant shall pay such amounts to Landlord on or prior to the thirtieth (30th) day after the date
that Landlord gives to Tenant an invoice therefor from time to time.

     4.8. Building Security.

     Subject to the terms of this Section 4.8, Landlord shall arrange for security personnel to
staff the lobby of the Building at all times, twenty-four hours per day, seven days per week in a
manner that is consistent with the security provided by landlords of comparable office buildings in
midtown Manhattan. Tenant acknowledges that (x) Landlord, in agreeing to arrange for such security
personnel, does not ensure the security of the Building, and (y) accordingly, Tenant remains
responsible for making the Alterations in, and adopting procedures for, the Premises that Tenant
considers adequate to provide for Tenant’s security.

     4.9. Fire System.

     As part of Landlord’s Base Building Work, Landlord shall provide Tenant with sufficient
connection points to the Building System that constitutes the fire alarm system in the Building in
accordance with the applicable Requirements required to be complied with by Tenant or Landlord on
each floor of the Premises. Nothing contained in this Section 4.9 obligates Landlord to install
elements of the fire alarm system within the Premises.

     4.10. Loading Dock. 

     Tenant shall have use of the Building’s loading dock (a) from 8:00 A.M. to 6 P.M. on Business
Days, on a first come-first serve basis and no tenant in the Building, including Tenant, shall be
permitted to advance schedule use of the Building’s loading dock during such time periods, and (b)
on a reserved basis at all other times and Tenant shall pay Landlord’s established charges for such
after hours use of loading dock, provided that Tenant shall not be required to pay Landlord’s
established charges for after hours use for the loading dock if it is paying Landlord’s Overtime
Period charge for the freight elevator and trucklift for the same period.

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     4.11. No Other Services. 

     Landlord shall not be required to provide any services to support Tenant’s use and occupancy
of the Premises, except to the extent expressly set forth herein.

     4.12. Food Deliveries.

     Tenant and Tenant’s employees shall be permitted to receive food deliveries to the reception
areas located in the Premises throughout the Term; it being understood, however, that either a
Building messenger or a Building security guard shall, at Landlord’s option, accompany any food
delivery person from the lobby up to the Premises and any such Building messenger or security guard
shall remain in the Premises while such food delivery person makes the delivery to any employee at
their desk if authorized by a representative of Tenant.

     4.13. Signage. 

     Subject to and in accordance with Article 6, hereof, Landlord, as part of Landlord’s Work,
shall install on Tenant’s behalf, a building standard sign identifying Tenant as an occupant of the
Premises in the Building’s placard of signs located in the Building’s elevator lobby on the fourth
(4th) and fifth (5th) floors of the Building. Subject to and in accordance
with Article 7 hereof, Tenant, at Tenant’s own cost and expense, shall have the right to install a
sign identifying Tenant as an occupant of the Premises on the entrance doors of the Office Premises
on the fourth (4th) and fifth (5th) floor of the Premises or on the walls
adjacent to such entrance doors; it being understood that such signs shall be subject to Landlord’s
prior approval of Tenant’s plans and specifications therefor, which approval shall not unreasonably
withheld, conditioned or delayed.

     4.14. Labor Harmony. 

     If (i) Tenant employs, or permits the employment of, any contractor, mechanic or laborer in
the Premises, whether in connection with any Alteration or otherwise, (ii) such employment
interferes or causes any conflict with other contractors, mechanics or laborers engaged in the
maintenance, repair, management or operation of the Building or any adjacent property owned or
managed by Landlord, and (iii) Landlord gives Tenant notice thereof (which notice may be given
verbally to the person employed by Tenant with whom Landlord’s representative ordinarily discusses
matters relating to the Premises), then Tenant shall cause all contractors, mechanics or laborers
causing such interference or conflict to leave the Building promptly and shall take such other
action as may be reasonably necessary to resolve such conflict.

Article 5

ELECTRICITY

     5.1. Capacity.

          (A) Subject to the terms of this Article 5, Landlord shall provide (i) to the electrical
closet on the floor of the Building where each portion of the Office Premises is located, for
Tenant’s use, eight and 0/100 (8) watts of electrical capacity (demand load) per square foot of
Usable Area in the portion of the Premises located on such floor of the Building (exclusive of the

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electrical capacity that is required to operate the Building Systems but inclusive of the
taps, disconnects and transformers which exist in the electrical closets on each floor of the
Building where each portion of the Office Premises is located as of the date hereof) and (ii) to
the electrical closet on the floor of the Building where the Supplemental Space is located, for
Tenant’s use, the electric capacity being furnished thereto as of the date hereof (such electrical
capacity being collectively, referred to herein as the “Base Electrical Capacity”).
Tenant, during the Term, shall use electricity in the Premises only in such manner that complies
with the requirements of the Utility Company. Tenant shall not permit the demand for electricity
in the Premises to exceed the Base Electrical Capacity.

          (B) Landlord shall provide, at Tenant’s expense, up to 800 amps of electrical capacity at
265/460 volt, three phase, 4-wire, submetered and delivered to the Premises as directed by Tenant,
for Tenant’s critical technical and supplemental air conditioning systems.

          (C) Notwithstanding the foregoing to the contrary, if Tenant shall require electrical capacity
in excess of the Base Electrical Capacity and shall provide Landlord with evidence reasonably
satisfactory to Landlord of such requirement, then provided that the Building has such additional
capacity available and that such request is reasonable, Landlord shall provide, at Tenant’s sole
cost and expense, such additional capacity to the extent available and thereby increase the Base
Electrical Capacity accordingly. To the extent that Tenant shall require electrical capacity in
excess of the Base Electrical Capacity and Landlord is unable to provide such additional capacity,
then Tenant shall have the right to request that Landlord permit Tenant, at Tenant’s own risk, cost
and expense, to obtain such additional electrical capacity for the Premises directly from the
Utility Company, in which case the Base Electrical Capacity shall be increased correspondingly.
Landlord shall not unreasonably withhold, condition, or delay such consent, provided that Tenant’s
increasing such electrical capacity does not have a reasonable likelihood of diminishing materially
the electrical capacity that the Utility Company would otherwise have made available to the
Building; it being understood, however, that (i) Tenant shall pay directly to the Utility Company
the cost of any such additional electricity, (ii) Tenant shall use Tenant’s own Risers to bring
such additional electricity to the Premises, and (iii) Landlord makes no representation or warranty
with respect to the additional electricity being furnished to the Premises by the Utility Company.
Nothing contained in this Section 5.1(B) expands the Premises or otherwise grants to Tenant rights
to use portions of the Building that are not otherwise demised to Tenant hereunder.

     5.2. Electricity for the Building. 

     Landlord shall arrange with a Utility Company to provide electricity for the Building.
Landlord shall not be liable to Tenant for any failure or defect in the supply or character of
electricity furnished to the Building, except to the extent that such failure or defect results
from Landlord’s negligence or willful misconduct. Landlord shall not be required to make any
installations in the Premises to distribute electricity within the Premises. Landlord shall not be
required to maintain or repair during the Term any installations that exist in each Applicable
Space on the Applicable Commencement Date that distribute electricity within such Applicable Space.

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     5.3. Submetering. 

          (A) Subject to the provisions of this Section 5.3, Landlord shall measure Tenant’s demand for
and consumption of electricity in the Premises using a submeter that is, or submeters that are,
installed and maintained by Landlord. Any such submeters installed by Landlord shall be connected
in such a manner that the “demand factor” of Tenant’s electric usage as shown on such submeters can
be read and totalized on a “coincident and diversified demand” basis. Landlord shall pay the cost
of installing and subject to the terms hereof, maintaining such submeter or submeters. If, at any
time during the Term, Tenant performs Alterations that require modifications to the aforesaid
submeter or submeters that Landlord installs, or that require a supplemental submeter or
supplemental submeters, then Tenant shall perform such modification, or the installation of such
supplemental submeter or submeters, at Tenant’s cost, as part of the applicable Alteration.

          (B) Tenant shall pay to Landlord, as additional rent, an amount (the “Electricity
Additional Rent”) equal to one hundred three percent (103%) of the sum of:

          (1) the product obtained by multiplying (x) the Average Cost per Peak Demand Kilowatt, by (y)
the number of kilowatts that constituted the peak demand for electricity in the Premises for the
applicable billing period, as registered on the submeter or submeters for the Premises, and

          (2) the product obtained by multiplying (x) the Average Cost per Kilowatt Hour, by (y) the
number of kilowatt hours of electricity used in the Premises for the applicable billing period, as
registered on the submeter or submeters for the Premises.

          (C) Subject to Section 5.3(D) hereof, Landlord shall give Tenant an invoice for the
Electricity Additional Rent from time to time (but no less frequently than quarter-annually).
Tenant shall pay the Electricity Additional Rent to Landlord on or prior to the thirtieth (30th)
day after the date that Landlord gives to Tenant each such invoice. Tenant shall not have the
right to object to Landlord’s calculation of the Electricity Additional Rent unless Tenant gives
Landlord notice of any such objection on or prior to the ninetieth (90th) day after the date that
Landlord gives Tenant the applicable invoice for the Electricity Additional Rent. If Tenant gives
Landlord a notice objecting to Landlord’s calculation of the Electricity Additional Rent, as
aforesaid, then Tenant shall have the right to review Landlord’s submeter readings and Landlord’s
calculation of the Electricity Additional Rent, at Landlord’s offices or, at Landlord’s option, at
the offices of Landlord’s managing agent, in either case at reasonable times and on reasonable
advance notice to Landlord. Either party shall have the right to submit a dispute regarding the
Electricity Additional Rent to an Expedited Arbitration Proceeding.

          (D) If a submeter measuring Tenant’s electrical demand and consumption in the Premises has not
been installed in the Premises, or the submeters measuring Tenant’s electrical demand and
consumption in the Premises have not been installed in the Premises, in either case on or prior to
the date hereof, then (x) Landlord shall order such submeter or such submeters promptly after the
date hereof, and (y) Landlord shall, at Landlord’s own cost and expense, install such submeter or
such submeters during the performance of the Office Improvement Work; it being understood, however,
that Landlord and Tenant shall cooperate

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with each other in good faith to coordinate the installation of such submeter or such
submeters with the Office Improvement Work. Landlord, in installing such submeter or such
submeters, shall have the right to interrupt electrical service to the Premises temporarily and in
accordance with good construction practice.

          (E) Subject to the terms of this Section 5.3(E), if, prior to Landlord’s installing a submeter
or the submeters in the Premises, Tenant commences the performance of the Initial Alterations, then
Tenant shall pay to Landlord, as additional rent, a fee for electricity service in an amount equal
to the product obtained by multiplying (I) $0.0048, by (II) the number of square feet of Rentable
Area in the Premises (or the portion thereof in which Tenant is performing the Initial
Alterations), by (III) the number of days in the period commencing on the date that Tenant so
commences the Initial Alterations and ending on the earlier of (a) the date immediately preceding
the date that Tenant first occupies the Premises (or the applicable portion thereof) for the
conduct of business, and (b) the date immediately preceding the date that the submeter for the
Premises (or the applicable portion thereof) is operational or the submeters for the Premises (or
the applicable portion thereof) are operational. Landlord shall give Tenant an invoice for the
aforesaid fee from time to time (but not less frequently than monthly). Tenant shall pay the
aforesaid fee to Landlord on or prior to the thirtieth (30th) day after the date that Landlord
gives each such invoice to Tenant.

          (F) Subject to the terms of this Section 5.3(F), if, prior to Landlord’s installing a submeter
or submeters in the Premises, Tenant occupies all or any portion of the Premises for the conduct of
business, then Tenant shall pay to Landlord, as additional rent, a fee for electricity service in
an amount equal to the product obtained by multiplying (I) $0.0048, by (II) the number of square
feet of Rentable Area in the Premises (or the portion thereof that Tenant is occupying for the
conduct of business), by (III) the number of days in the period commencing on the date that Tenant
occupies the Premises (or the applicable portion thereof) for the conduct of business and ending on
the date immediately preceding the date that the submeter for the Premises or the applicable
portion thereof is operational or that the submeters for the Premises or the applicable portion
thereof are operational (such fee being referred to herein as the “Electricity Inclusion
Charge”). Landlord shall give Tenant an invoice for the Electricity Inclusion Charge from time
to time (but not less frequently than monthly). Tenant shall pay the Electricity Inclusion Charge
to Landlord on or prior to the thirtieth (30th) day after the date that Landlord gives each such
invoice to Tenant. If (I) the monthly amount that Tenant would have paid to Landlord as the
Electricity Additional Rent for the period that Tenant occupies the Premises or the applicable
portion thereof for the conduct of business prior to the date that the submeter is, or the
submeters are, operational (as determined using the average monthly submeter readings for the
period of three (3) months after the date that the submeter is, or the submeters are, operational),
exceeds (II) the Electricity Inclusion Charge for any particular period of one (1) month, then
Tenant shall pay to Landlord an amount equal to such excess for each such month within thirty (30)
days after Landlord gives to Tenant an invoice therefor. If (I) the Electricity Inclusion Charge
for any particular period of one (1) month, exceeds (II) the monthly amount that Tenant would have
paid to Landlord as the Electricity Additional Rent for the period that Tenant occupies the
Premises or the applicable portion thereof for the conduct of business prior to the date that the
submeter is, or the submeters are, operational (as determined using the average monthly submeter
readings for the period of three (3) months after the date that the submeter is, or the submeters
are, operational), then Landlord, at Landlord’s option, shall either (x) refund promptly to Tenant
an

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amount equal to such excess for each such month, or (y) credit such excess for each such month
against the monthly installments of Rental next becoming due and payable hereunder (together with
interest on such excess calculated at the Base Rate from the date that Tenant is entitled to such
credit). If Landlord gives Tenant such credit for such excess, and the Expiration Date occurs
before the date that such credit is exhausted, then Landlord shall pay to Tenant the unused portion
of such credit on or prior to the thirtieth (30th) day after the Expiration Date (and Landlord’s
obligation to make such payment shall survive the Expiration Date).

     5.4. Termination of Electric Service. 

          (A) If Landlord is required by any Requirement to discontinue furnishing electricity to the
Premises as contemplated by this Lease, then this Lease shall continue in full force and effect and
shall be unaffected thereby, except that from and after the effective date of any such Requirement,
(x) Landlord shall not be obligated to furnish electricity to the Premises, and (y) Tenant shall
not be obligated to pay to Landlord the charges for electricity as described in this Article 5.

          (B) If Landlord discontinues Landlord’s furnishing electricity to the Premises pursuant to a
Requirement, then Tenant shall use Tenant’s diligent efforts to obtain electricity for the Premises
directly from the Utility Company. Tenant shall pay directly to the Utility Company the cost of
such electricity. Tenant shall have the right to use the electrical facilities that then exist in
the Building to obtain such direct electric service (without Landlord having any liability or
obligation to Tenant in connection therewith except that Landlord shall cooperate reasonably with
Tenant in connection therewith, at no cost to Landlord.) Nothing contained in this Section 5.4
shall permit Tenant to use electrical capacity in the Building that exceeds the Base Electrical
Capacity. Tenant, at Tenant’s expense, shall make any additional installations that are required
for Tenant to obtain electricity from the Utility Company.

          (C) Landlord shall not discontinue furnishing electricity to the Premises as contemplated by
this Section 5.4 (to the extent permitted by applicable Requirements) until Tenant obtains electric
service directly from the Utility Company.

Article 6

INITIAL CONDITION OF THE PREMISES

     6.1. Condition of Premises. 

          (A) Subject to Section 8.1 hereof and Section 6.2 hereof, (a) Tenant shall accept possession
of each Applicable Space in the condition that exists on the Applicable Commencement Date “as is,”
and (b) Landlord shall have no obligation to perform any work or make any installations in order to
prepare the Building or each Applicable Space for Tenant’s occupancy. Except as expressly set
forth herein, Landlord has made no representations or promises with respect to the Building, the
Real Property or the Premises. Landlord shall cause the Premises, and the common areas of the
Building, including, without limitation, the paths of travel from the entrance of the Building to
the Premises, that Tenant has the right to use pursuant to the terms hereof, to comply with
applicable Requirements (including, without limitation, the

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Americans with Disabilities Act of 1990
(“ADA”) with the understanding, however, that Landlord shall not be responsible for elements of the Office Improvement Work or the
Supplemental Space Work that do not comply with applicable Requirements to the extent that the
applicable items of work are reflected on the Construction Documents.

          (B) Tenant hereby acknowledges and agrees that (x) the Office Premises Commencement Date may
occur prior to the Substantial Completion of Landlord’s Base Building Work and/or the Office
Improvement Work and (y) the Supplemental Space Commencement Date may occur prior to the
Substantial Completion of the Supplemental Space Work, and Tenant hereby agrees to provide Landlord
with access to the Office Premises and/or the Supplemental Space, as the case may be, and to
otherwise cooperate fully with Landlord in connection with the performance of Landlord’s Base
Building Work, the Office Improvement Work and/or the Supplemental Space Work, as the case may be;
it being understood that Tenant’s full cooperation shall include, without limitation, prohibiting
Tenant’s employees, agents, invitees and/or guests from using the Office Premises and the
Supplemental Space during the performance of the applicable work and moving and protecting any
Tenant’s Property that may be located therein. Notwithstanding anything to the contrary herein
contained, in no event shall Landlord have any liability to Tenant for damage caused to Tenant’s
Property which arises in connection with Tenant’s failure to move or protect Tenant’s Property
during the performance of Landlord’s Base Building Work, the Office Improvement Work and/or the
Supplemental Work, as the case may be. Nothing contained in this Section 6.1(B) shall be deemed to
limit Tenant’s right to perform the Special Work, subject and in accordance with Section 6.2(I)(ii)
hereof.

     6.2. Landlord’s Work. 

          (A) The following terms shall have the following meanings:

          (1) “Construction Documents” shall mean the plans and specifications (including,
without limitation, layout, architectural, mechanical and structural drawings, to the extent
applicable) that contain sufficient detail for Landlord and Landlord’s consultants to assess the
work proposed to be performed in the Office Premises and the Supplemental Space which plans and
specifications are to be prepared by Tenant’s Architect (as hereinafter defined), at Tenant’s
expense.

          (2) “Final Construction Documents” shall mean the Construction Documents as finally
approved or deemed approved by Landlord, subject to and in accordance with Article 7 hereof, in
form suitable for bidding.

          (3) “Tenant’s Architect” shall mean a + i architecture PC (or such other architect,
licensed in the State of New York, retained by Tenant and approved by Landlord, which approval
shall not be unreasonably withheld), with respect to the Office Improvement Work, the Supplemental
Space Work and Landlord’s Data Room Work.

          (B) Landlord shall, at Landlord’s expense, (i) perform the work as described on Exhibit
“6.2"-1-A attached hereto and made a part hereof (such work being collectively referred to herein
as “Landlord’s Base Building Work”), (ii) subject to Section 6.3 hereof,

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perform on
Tenant’s behalf, the work necessary to construct the portion of the Office Premises which excludes the Existing Data Room in accordance with the Final Construction Documents to
prepare the same for Tenant’s initial occupancy thereof excluding, however, the installation or
construction of any furniture systems, or furniture (such work, the “Office Improvement
Work”), (iii) subject to Section 6.3 hereof, perform on Tenant’s behalf, the work necessary to
construct the Supplemental Space in accordance with the Final Construction Documents to prepare the
same for Tenant’s initial use thereof, excluding, however, the installation or construction of any
furniture systems or furniture, or telecom wiring, computer wiring or computer systems and (iv)
subject to and in accordance with Section 6.4 hereof, demolish the Existing Data Room and perform
the work necessary to construct the Existing Data Room in accordance with the final construction
plans therefor are identified on Exhibit “6.2"-2 attached hereto and made a part hereof
(collectively, the “Final Plans”) prepared by Tenant’s Architect, at Landlord’s expense
(such work, “Landlord’s Data Room Work”; together with Landlord’s Base Building Work, the
Office Improvement Work, and the Supplemental Space Work, “Landlord’s Work”). Landlord
shall perform Landlord’s Work in accordance with all applicable Requirements. Landlord shall
perform Landlord’s Work in a good and workmanlike manner. Prior to commencing the performance of
the Office Improvement Work, (x) Landlord shall deliver to Tenant, four (4) originals of a Form
ACP-5, duly executed by an appropriate party and covering the Office Premises excluding the
Existing Data Room and (y) if there exists an Impeding Work Violation, then Landlord, at Landlord’s
expense, shall use diligent efforts to cause the Impeding Work Violation to be removed as promptly
as reasonably practicable after Landlord receives notice thereof.

          (C) After Landlord’s approval (or deemed approval) of the Construction Documents, Tenant shall
deliver to Landlord six (6) copies of the Final Construction Documents for bid together with an
additional five (5) copies thereof for Landlord’s internal review and promptly thereafter Landlord
shall prepare six (6) complete bid packages (the “Bid Packages”) which shall request the
following: (1) the fixed price for which the Approved Contractor is willing to fully perform and
complete the Office Improvement Work and the Supplemental Space Work as set forth on the Final
Construction Documents, assuming that there are no ACMs in or appurtenant to the Office Premises
and/or the Supplemental Space (as to each Bid, the “Bid Price”); (2) the overall project
schedule to which the Approved Contractor shall adhere to complete the Office Improvement Work and
the Supplemental Space Work (other than punch list items) assuming that (x) the Approved Contractor
is granted commercially reasonable access to the Office Premises and the Supplemental Space
throughout such time period, and (y) that there are no ACMs in the portions of the Office Premises
in which the Office Improvement Work is proposed to be performed or in the portions of the
Supplemental Space in which the Supplemental Space Work is proposed to be performed (as to each
Bid, the “Bid Construction Period”); (3) the Approved Contractor’s agreement to commence
the Office Improvement Work and the Supplemental Space Work as of the first date that Landlord
grants access to the Office Premises and the Supplemental Space, respectively, to the Approved
Contractor; (4) the Approved Contractor’s acknowledgement that it has reviewed the provisions of
Section 6.2(F) of this Lease and its agreement to comply with the provisions thereof (a copy of
which provisions shall be enclosed in each Bid Package); (6) the mechanism that will be utilized by
the Approved Contractor in determining “Price Adjustments” (i.e., pricing
“Changes”); (5) the Approved Contractor’s agreement to a 10% retainage of the Bid Price
until the completion of all punchlist items; and (6) the Approved Contractor’s agreement to deliver
to Tenant upon completion of the

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Office Improvement Work and the Supplemental Space Work, a copy of
the Final Construction Drawings marked to show modifications actually made to complete the Office Improvement Work
and/or the Supplemental Space Work, as the case may be. Tenant shall cooperate with Landlord in
all reasonable respects to enable Landlord to finalize the Bid Packages. The Bid Packages shall be
subject to Tenant’s approval which shall not be unreasonably withheld or delayed; provided,
however, if Tenant shall not make a representative available to review the same at Landlord’s
offices at 888 Seventh Avenue, New York, New York, within five (5) Business Days of Landlord
notifying Tenant (which notice, notwithstanding the provisions of Article 30 hereof, shall be given
to Laurence Mascera either by facsimile to 212-273-7145, email laurence.mascera@bpsg.com, or by
telephone call to 212-271-7171, Andrew Mann either by facsimile to 212-661-6393, email
a.mann@gardinerusa.com or by telephone call to 212-661-6624 and Mark Deieso either by facsimile to
212-661-6393, email m.deieso@gardinerusa.com or by telephone call to 212-661-6624 (collectively,
“Tenant’s Representatives”) then Tenant shall be deemed to have approved same. In the
event that Tenant shall not give its consent to the Bid Packages, Tenant shall give Landlord a
reasonably detailed commentary of its objections thereto. Upon Tenant’s approval or deemed
approval, as the case may be, of the Bid Packages, Landlord shall submit the Bid Packages to the
following general contractors (such contractors, the “Approved Contractors”): Benchmark,
Ambassador Construction, McHugh Divicent Alessi, Structure Tone, Tri-Star and JT Megan and shall
solicit bids (each, a “Bid”) on a fixed lump sum basis. Landlord shall direct each
Approved Contractor to submit original signed and sealed Bids to each of Landlord and Tenant, and
if to Landlord, c/o Vornado Office Management LLC, 888 Seventh Avenue, New York, New York
Attention: Steve Sonitis and if to Tenant, c/o Tenant at 1 Penn Plaza, New York, New York,
Attention: Laurence Mascera, within fourteen (14) days after the delivery of the Bid Package (the
“Bid Due Date”). Within five (5) Business Days after the Bid Due Date, Landlord and Tenant
shall meet at Landlord’s offices at 888 Seventh Avenue, New York, New York at a reasonable time
selected by Landlord and reasonably agreed upon by Tenant to open, review and initially evaluate
the same. Within four (4) Business Days after such meeting, Tenant shall decide with which of the
Approved Contractors Tenant would like to meet. Landlord shall assist Tenant in all reasonable
respects in value engineering the Bids to enable Tenant to select such Approved Contractors. On
the following Business Day, Landlord and Tenant shall use commercially reasonable efforts to meet
with the Approved Contractors so selected by Tenant at Landlord’s offices. During such meetings,
(i) Landlord and Tenant shall have joint discussions with the Approved Contractors to the extent
necessary to qualify the Bids and request additional or alternative pricing and (ii) Tenant, in its
sole discretion, shall select one of the Bids as the Bid pursuant to which the Office Improvement
Work and the Supplemental Space Work will be performed (such selected Bid being herein called the
“Selected Bid”, and the Approved Contractor submitting the Selected Bid being herein called
the “Selected Contractor”). Landlord covenants to perform the Office Improvement Work and
the Supplemental Space Work using the Selected Contractor as its general contractor, and, in that
regard, Landlord, promptly after the selection of the Selected Contractor, shall enter into a
construction contract(s) with the Selected Contractor, on terms consistent with the Bid Package,
the Selected Bid and otherwise on reasonable and customary terms (such construction contract(s)
being herein called the “Construction Contract”), (i) including a fixed lump sum contract
price equal to the Bid Price set forth in the Selected Bid, as may have been amended by written
qualifications and alternatives selected by Tenant (herein called the “Contract Price”),
(ii) including a construction period equal to the Bid Construction Period set forth in the Selected
Bid which may be adjusted in writing to

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accommodate the foregoing qualifications and alternatives
(herein called the “Contract  Construction Period”) and (iii) at Tenant’s written request, Landlord shall use
commercially reasonable efforts to include in the Construction Contract a normal and customary per
diem late completion penalty on account of the Selected Contractor’s failure to Substantially
Complete the Office Improvement Work and/or the Supplemental Space Work, as the case may be, within
ten (10) days of the Contract Construction Period (such late completion penalty, the “Late
Completion Penalty”). The Construction Contract shall be subject to Tenant’s prior approval
thereof which shall not be unreasonably withheld, conditioned, or delayed; provided, however, if
Tenant shall not make a representative available to review the same at Landlord’s offices at 888
Seventh Avenue, New York, New York, within five (5) Business Days of Landlord notifying Tenant
(which notice, notwithstanding the provisions of Article 30 of this Lease, shall be given to
Tenant’s Representatives in the same manner previously set forth in this Paragraph 6.2(C)), then
Tenant shall be deemed to have approved same. In the event that Tenant shall not approve of the
Construction Contract, Tenant shall give Landlord a reasonably detailed commentary of its
reasonable objections thereto and Landlord shall use commercially reasonable efforts to work with
the Selected Contractor to promptly revise the Construction Contract to address Tenant’s objections
thereto. Upon the execution of the Construction Contract, Landlord shall furnish Tenant with a true
and complete copy thereof. Landlord shall use commercially reasonable efforts to collect any Late
Completion Penalty that Landlord is entitled to receive from the Selected Contractor pursuant to
the Construction Contract by offsetting any such Late Completion Penalty against amounts due to the
Selected Contractor.

          (D) Promptly after executing the Construction Contract or promptly following the date hereof,
to the extent permitted by applicable Requirements, Landlord, at Landlord’s expense, subject to the
provisions of Section 6.3 hereof, shall apply to the appropriate Governmental Authorities for, and
shall thereafter obtain, any and all governmental approvals and/or building permit(s) that shall be
required in connection with the performance of the Office Improvement Work and/or the Supplemental
Space Work, as the case may be (herein collectively called the “LW Permits”) (and shall be
responsible for the delivery of any necessary Form ACP-5 that shall be necessary in connection
therewith). Landlord shall use commercially reasonable efforts to expedite the obtaining of all LW
Permits. Promptly following Tenant’s request therefor made after any such application is submitted
or after any LW Permits are received, as the case may be, Landlord shall deliver to Tenant a copy
of any such application and a copy of any LW Permits.

          (E) Landlord shall perform the Office Improvement Work and the Supplemental Space Work, at
Landlord’s expense, subject, however, to the provisions of Section 6.3 hereof, using the Selected
Contractor pursuant to the Construction Contract. Landlord shall (i) commence the Office
Improvement Work and the Supplemental Space Work promptly after obtaining the respective LW Permits
required in connection therewith, and (ii) thereafter, use commercially reasonable efforts to
diligently prosecute the Office Improvement Work and the Supplemental Space Work to completion.
The Office Improvement Work and the Supplemental Space Work shall be performed in accordance with
the Final Construction Documents (as modified by any Authorized Changes and field conditions), and
in compliance with all requirements of insurance and governmental authorities and otherwise in a
good and workmanlike manner.

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          (F) Throughout Landlord’s prosecution of the Office Improvement Work Tenant shall be permitted
to direct changes in the Office Improvement Work (such changes, “Office Changes”) and
throughout Landlord’s prosecution of the Supplemental Space Work, Tenant shall be permitted to
direct changes in the Supplemental Space Work (such changes, “Supplemental Space Changes”)
subject to, and in accordance with, the provisions of Article 7 hereof. If Landlord shall approve
any requested Office Change or Supplemental Space Change, then, within five (5) Business Days after
such approval, Landlord shall cause the Selected Contractor to deliver to Landlord and Tenant, a
statement (each, a “Contractor Change Statement”), setting forth (a) the Selected
Contractor’s determination of the dollar amount by which the Contract Price (as the same may have
been theretofore adjusted under clause (i) of Section 6.3(A) hereof would increase (or decrease) if
such Office Change and/or such Supplemental Space Change, as the case may be, were incorporated
into the Office Improvement Work or the Supplemental Space Work, as the case may be, which
determination shall be made consistent with the Construction Contract and assuming that there are
no ACM’s in the applicable portions of the Office Premises and/or the Supplemental Space, as the
case may be (such determination, with respect to any Office Change and/or any Supplemental Space
Change, as the case may be, being herein called the “Price Adjustment”), and (b) the
Selected Contractor’s determination of the number of days (either positive or negative) by which
the Contract Construction Period would be increased or decreased if such Office Change were
incorporated into the Office Improvement Work or if such Supplemental Space Change were
incorporated into the Supplemental Space Work, as the case may be, which determination shall be
made consistent with the Construction Contract and assuming that there are no ACM’s in the
applicable portions of the Office Premises and/or the Supplemental Space (such determination, with
respect to any Office Change and/or Supplemental Space Change, as the case may be, being herein
called the “Time Adjustment”). Tenant, for a period of five (5) Business Days after the
delivery of any Contractor Change Statement, shall have the right (at its option) to authorize the
incorporation of the requested change and approve the Office Change and/or the Supplemental Space
Change, as the case may be, by delivering a notice to Landlord to such effect (each, a “Change
Authorization Notice”); in which event (x) such Office Change and/or such Supplemental Space
Change shall be deemed irrevocably authorized (and shall be herein referred to as an
“Authorized Change”), (y) Landlord and Tenant shall be deemed to have unconditionally
accepted and agreed to the Price Adjustment with respect to such Authorized Change (as set forth in
the Contractor Change Notice), and (z) Tenant shall be deemed to have unconditionally accepted and
agreed to the Time Adjustment with respect to such Authorized Change (as set forth in the
Contractor Change Notice). If, for any reason, Tenant, after the delivery of any Contractor Change
Statement, shall not, within the aforementioned five (5) Business Day period, deliver a Change
Authorization Notice in response thereto, then Tenant shall be deemed to have withdrawn and
canceled the Office Change and/or the Supplemental Space Change, as the case may be. Tenant
acknowledges and agrees that Landlord may suspend the performance of the Office Improvement Work
and/or the Supplemental Work Space in the area affected by or work associated with the Authorized
Change (if such suspension is in accordance with good construction practices) during the period
that Tenant is considering a Office Change and/or a Supplemental Space Change, as the case may be,
until Landlord receives a Change Authorization Notice or the aforesaid five (5) Business Day period
expires; provided, however, prior to such suspension, Landlord shall notify Tenant’s
Representatives in any of the manners set forth above. If Tenant so directs within twenty-four
(24) hours of Landlord’s notice, Landlord shall not so

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suspend the performance of the Office Improvement Work and/or the Supplemental Space Work, as
the case may be; provided, however, Tenant shall be responsible (and the Contract Price or the
Adjusted Contract Price, as the case may be, shall be adjusted accordingly) for any increased costs
(i.e., costs that would not have been incurred if Landlord had suspended the applicable Office
Improvement Work and/or the applicable Supplemental Space Work and thereafter elects to proceed
with the Authorized Change).

          (G) (i) During the period commencing on the date which is seven (7) days prior to the
anticipated date of Substantial Completion of the Office Improvement Work and during the five (5)
day period following the date on which the Office Improvement Work is Substantially Complete and
(ii) during the period commencing on the date which is seven (7) days prior to the anticipated
date of Substantial Completion of the Supplemental Space Work and during the five (5) day period
following the date on which the Supplemental Space Work is Substantially Complete, Landlord and
Tenant shall jointly inspect the Office Improvement Work and/or the Supplemental Space Work, as the
case may be, and develop a list identifying the minor or insubstantial details of construction
and/or and mechanical adjustment that remain to be performed, the non-completion of which will not
interfere by more than a de minimis amount with Tenant’s occupancy of the Office Premises for the
conduct of its business or Tenant’s use of the Supplemental Space as storage space, as the case may
be (collectively, the “Punch List Items”). Within thirty (30) days after Landlord’s
receipt of the Punch List Items, Landlord shall install, complete, repair or otherwise remedy all
such items listed thereon; provided, however, that if any of the Punch List Items cannot with
commercially reasonable diligence be remedied within such thirty (30) day period, the time within
which to install, complete, repair or otherwise remedy the same shall be extended for such period
as may be reasonably necessary to remedy the same with commercially reasonable diligence, so long
as Landlord promptly commences and proceeds with commercially reasonable diligence to remedy the
same.

          (H) Landlord shall have the right to delegate Landlord’s obligations to perform all or any
portion of the Office Improvement Work and/or the Supplemental Space Work to an Affiliate of
Landlord (it being understood, however, that Landlord’s delegating such obligations to an Affiliate
of Landlord shall not diminish Landlord’s liability for the performance of the Office Improvement
Work and/or the Supplemental Space Work, as the case may be, in accordance with the terms of this
Section 6.2). Landlord shall also have the right to assign to such Affiliate the rights of
Landlord hereunder to receive from Tenant the payments for the performance of the portions of the
Office Improvement Work and/or the Supplemental Space Work (it being understood that if (i)
Landlord so assigns such rights to such Affiliate of Landlord, and (ii) Landlord gives Tenant
notice thereof, then Tenant shall pay directly to such Affiliate any such amounts otherwise due and
payable to Landlord hereunder). Landlord shall not be required to maintain or repair during the
Term any items of the Office Improvement Work or items of the Supplemental Space Work except to the
extent Landlord is otherwise expressly required to maintain or repair the same pursuant to this
Lease, it being agreed that Landlord shall make available to Tenant all guaranties or warranties
received by Landlord in connection with the Office Improvement Work and the Supplemental Space Work
to the extent such guaranties and warranties shall not be rendered invalid thereby.

          (I) (i) Tenant and its representatives, and any agents of Tenant shall have access to the
Office Premises and/or the Supplemental Space at all times during normal business hours,

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and at all other reasonable times, upon reasonable prior written or oral notice to Landlord or if
accompanied by the Building’s on-site property manager then without prior notice, in order to
inspect the Office Improvement Work and/or the Supplemental Space Work, as the case may be and
monitor the progress thereof, provided that any such access shall not interfere with the progress
of the Office Improvement Work and/or the Supplemental Space Work, as the case may be, and Landlord
shall have no liability to Tenant or its representatives or agents with respect to such access. In
addition to the foregoing rights, Tenant may also have one or more representatives present at the
Office Premises or the Supplemental Space at all times during the performance by Landlord of the
Office Improvement Work and the Supplemental Space Work, respectively; provided that such
representatives shall not interfere with the progress of the Office Improvement Work or the
Supplemental Space Work being performed by Landlord and Landlord shall have no liability to Tenant
or such representatives with respect to the presence of such representatives.

          (ii) With respect to the Office Improvement Work, commencing on the date on which Landlord
commences the performance of the Office Improvement Work and with respect to the Supplemental
Space, commencing on the date on which Landlord commences the performance of the Supplemental Space
Work and throughout Landlord’s prosecution of the Office Improvement Work and the Supplemental
Space Work, Tenant and its contractors shall be permitted, simultaneously with Landlord’s
performance of the Office Improvement Work and the Supplemental Space Work, to enter the Office
Premises or the Supplemental Space, respectively, solely for the purpose of installing in the
Office Premises or the Supplemental Space, in either case, at Tenant’s cost, items of Tenant’s
furniture, fixtures and equipment as the case may be) for Tenant’s use and occupancy, including the
installation of wiring and telephone lines (collectively, the “Special Work”). The entry
upon the Office Premises and/or the Supplemental Space by Tenant and Tenant’s contractors as
contemplated by this Section 6.2(G)(ii) shall be governed by all of the provisions of this Lease
that govern (x) Tenant’s occupancy of the Office Premises from and after the Office Premises
Commencement Date (including, without limitation, the provisions of Article 7 hereof) and (y)
Tenant’s use of the Supplemental Space from and after the Supplemental Space Commencement Date,
except that Tenant shall not be required to pay any Fixed Rent or Escalation Rent by reason
thereof. Tenant shall perform the Special Work prior to the Commencement Date as contemplated by
this Section 6.2(G) in a manner that is sequenced and coordinated with the construction schedules,
milestone dates and access dates for the Office Improvement Work and the Supplemental Space Work
and in conformity with good construction practice, with the understanding, however, that the
performance of the Office Improvement Work and the Supplemental Space Work has priority over the
performance by Tenant of the Special Work and, accordingly, Landlord shall have the right to
require Tenant to perform the Special Work during overtime periods to the extent reasonably
necessary, or to even prevent Tenant from making such installations entirely to the extent
reasonably necessary. Without limiting the generality of the foregoing, Landlord shall permit
Tenant to bring and store on the Office Premises and/or the Supplemental Space all equipment,
supplies and other property required or appropriate in connection with the Special Work, provided
that such storage shall not unreasonably interfere with the performance by Landlord of the Office
Improvement Work or the Supplemental Space Work and Landlord shall have no liability or obligation
with respect to such equipment, supplies or other property.

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          (I) In the event that Landlord negligently or willfully breaches the normal standards of a
construction manager in performing work in connection with the Office Improvement Work for a period
of sixty (60) consecutive days or more (the sixtieth (60th) consecutive day, the
“Non-Performance Outside Date”), then in such event, Tenant shall have only the following
remedies: (i) Tenant shall be entitled to a credit against the Office Premises Fixed Rent coming
due from and after the Office Premises Rent Commencement Date in an amount equal to Twelve Thousand
Sixty-Three Dollars and Thirty-Eight Cents ($12,063.38) per day for each day in the period
commencing on the Non-Performance Outside Date and ending on the date on which the Selected
Contractor resumes the performance of the Office Improvement Work; it being understood, however, in
calculating the total number of days during which the Selected Contractor has ceased performance of
the Office Improvement Work, periods of Unavoidable Delays shall be excluded therefrom; and/or (ii)
Tenant shall have the right to assume the Construction Contract and Landlord shall be obligated to
assign the Construction Contract to Tenant and to complete the Office Improvement Work and in such
event, Landlord shall pay to Tenant within thirty (30) days of Tenant’s invoice therefor together
with reasonable evidence of the amounts so expended, Tenant’s Out-of-Pocket Costs incurred in
connection with correcting Landlord’s defaults, assuming such Construction Contract and/or
obtaining the services of a replacement contractor in order to complete the Office Improvement
Work. In the event that Landlord shall fail to pay any such amount within such thirty (30) day
period then Tenant shall have the right to offset such amount against the Rental next coming due
hereunder.

          (J) In the event that Landlord negligently or willfully breaches the normal standards of a
construction manager in performing work in connection with the Supplemental Space Work for a period
of sixty (60) consecutive days or more (the sixtieth (60th) consecutive day, the
“Supplemental Non-Performance Outside Date”), then in such event, Tenant shall have only
the following remedies: (i) Tenant shall be entitled to a credit against the Supplemental Space
Fixed Rent coming due from and after the Supplemental Space Rent Commencement Date in an amount
equal to Fifty-Five Dollars and No Cents ($55.00) per day for each day in the period
commencing on the Supplemental Non-Performance Outside Date and ending on the date on which the
Selected Contractor resumes the performance of the Supplemental Space Work; it being understood,
however, in calculating the total number of days during which the Selected Contractor has ceased
performance of the Supplemental Space Work, periods of Unavoidable Delays shall be excluded
therefrom; and/or (ii) Tenant shall have the right to assume the Construction Contract and Landlord
shall be obligated to assign the Construction Contract to Tenant and to complete the Supplemental
Space Work and in such event, Landlord shall pay to Tenant within thirty (30) days of Tenant’s
invoice therefor together with reasonable evidence of the amounts so expended, Tenant’s
Out-of-Pocket Costs incurred in connection with correcting Landlord’s defaults, assuming such
Construction Contract and/or obtaining the services of a replacement contractor in order to
complete the Supplemental Space Work. In the event that Landlord shall fail to pay any such amount
within such thirty (30) day period then Tenant shall have the right to offset such amount against
the Rental next coming due hereunder.

     6.3. Tenant’s Contribution to the Cost of The Office Improvement Work.

          (A) (i) As used herein, the following terms shall have the following meanings:

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               (a) “Adjusted Contract Price” shall mean the Contract Price, as adjusted by (i.e.,
plus/minus) costs in connection with field conditions (other than the existence of ACM’s) and the
Price Adjustments with respect to all Authorized Changes.

               (b) “Qualified Office Work Costs” shall mean the sum of (x) all reasonable
Out-of-Pocket Costs (excluding, however, supervisory fees and construction management fees)
incurred by Landlord in connection with the review of the Construction Documents as they pertain to
the Office Improvement Work and the performance and completion of the Office Improvement Work
(excluding however, the costs incurred in connection with Landlord’s abatement of ACMs as
contemplated by Article 7 hereof); provided, however, all such Out-of-Pocket Costs paid to
Affiliates of Landlord shall not exceed commercially reasonable prices for such expenses, (y) the
Out-of-Pocket Costs incurred by Landlord in obtaining the LW Permits in connection with the Office
Improvement Work and (z) the amounts payable by Landlord pursuant to the Construction Contract for
the Office Improvement Work, but only if, and to the extent, the same are part of the Adjusted
Contract Price for the Office Improvement Work.

               (c) “Qualified Supplemental Work Costs” shall mean the sum of (x) all reasonable
Out-of-Pocket Costs (excluding, however, supervisory fees and construction management fees)
incurred by Landlord in connection with the review of the Construction Documents as they pertain to
the Supplemental Space Work and the performance and completion of the Supplemental Space Work
(excluding however, the costs incurred in connection with Landlord’s abatement of ACMs as
contemplated by Article 7 hereof); provided, however, all such Out-of-Pocket Costs paid to
Affiliates of Landlord shall not exceed commercially reasonable prices for such expenses, (y) the
Out-of-Pocket Costs incurred by Landlord in obtaining the LW Permits in connection with the
Supplemental Space Work and (z) the amounts payable by Landlord pursuant to the Construction
Contract for the Supplemental Space Work, but only if, and to the extent, the same are part of the
Adjusted Contract Price for the Supplemental Space Work.

          (B) Subject to the terms of this Section 6.3, Landlord shall contribute an amount not to
exceed Five Million Seven Hundred Thirty-Nine Thousand Seven Hundred Fifty-Three Dollars and No
Cents ($5,739,753.00) with respect to the Office Improvement Work (“Landlord’s Office
Contribution”) towards the Qualified Office Work Costs.

          (C) Subject to the terms of this Section 6.3, Landlord shall contribute an amount not to
exceed Twenty Thousand Seventy-Five Dollars and No Cents ($20,075.00) (“Landlord’s Supplemental
Space Contribution”) with respect to the Supplemental Space Work, towards the Qualified
Supplemental Work Costs.

          (D) Tenant shall pay to Landlord, as additional rent, an amount equal to the sum of (I) the
excess, if any, of (i) the Qualified Office Work Costs, over (ii) Landlord’s Office Contribution
(the amount of any such excess being referred to herein as “Tenant’s Excess Office Work
Costs”) and (II) the excess, if any, of (i) the Qualified Supplemental Work Costs, over (ii)
Landlord’s Supplemental Space Contribution (the amount of any such excess being referred to herein
as “Tenant’s Excess Supplemental Work Costs”).

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          (E) From time to time and promptly following Tenant’s written request therefor, Landlord shall
deliver to Tenant a statement (each, a “Cost Statement”) setting forth, in reasonable
detail, the Qualified Office Work Costs and the Qualified Supplemental Work Costs incurred by
Landlord since the last Cost Statement. Each such Cost Statement shall indicate (i) the extent to
which the Qualified Office Work Costs and/or the Qualified Supplemental Work Costs, as the case may
be, have been paid by Landlord (and the extent to which Landlord’s Office Contribution and/or
Landlord’s Supplemental Space Contribution, as the case may be, have been applied thereto), and
(ii) the extent to which (x) such Qualified Office Work Costs constitute Tenant’s Excess Office
Work Costs and (y) such Qualified Supplemental Work Costs constitute Tenant’s Excess Supplemental
Work Costs.

          (F) All Qualified Office Work Costs incurred by Landlord shall be the responsibility of
Landlord, and shall be paid by Landlord as and when due, subject to reimbursement by Tenant subject
to and in accordance with the provisions of Section 6.3(H) hereof. Landlord shall apply Landlord’s
Office Contribution to pay the costs of the Qualified Office Work Costs until Landlord’s Office
Contribution is fully disbursed.

          (G) All Qualified Supplemental Work Costs incurred by Landlord shall be the responsibility of
Landlord, and shall be paid by Landlord as and when due, subject to reimbursement by Tenant subject
to and in accordance with the provisions of Section 6.3(I) hereof. Landlord shall apply Landlord’s
Supplemental Space Contribution to pay the costs of the Qualified Supplemental Work Costs until
Landlord’s Supplemental Space Contribution is fully disbursed.

          (H) If, as and when (x) the Qualified Office Work Costs incurred by Landlord exceed (y) the
amount of Landlord’s Office Contribution, then such Tenant’s Excess Office Work Costs shall be the
responsibility of Tenant, and shall be paid by Tenant within thirty (30) days after its receipt of
the Cost Statement setting forth such Tenant’s Excess Office Work Costs.

          (I) If, as and when (x) the Qualified Supplemental Work Costs incurred by Landlord exceed (y)
the amount of Landlord’s Supplemental Space Contribution, then such Tenant’s Excess Supplemental
Work Costs shall be the responsibility of Tenant, and shall be paid by Tenant within thirty (30)
days after its receipt of the Cost Statement setting forth such Tenant’s Excess Supplemental Work
Costs.

     6.4. Landlord’s Data Room Work. 

          (A) Provided that the Final Space Plan and the Final Plans provide for a build out of offices
(as opposed to an equipment room), Landlord shall perform Landlord’s Data Room Work at Landlord’s
own cost and expense. Landlord shall perform Landlord’s Data Room Work using the same materials and
finishes used in the portion of the Office Premises adjacent to the Existing Data Room provided
that the same are then currently available (if such materials or finishes are not readily
available, have been discontinued or have increased in cost by more than a de minimis amount, then
Landlord shall be permitted to use other materials and finishes that are comparable in quality
provided that Tenant has approved or is deemed to have approved such comparable materials and
finishes which approval shall not be unreasonably, withheld in accordance with the provisions of
this Section 6.3) (such materials and finishes and/or such

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comparable materials and finishes are hereinafter referred to as the “Building Standard
Installations”). Notwithstanding the provisions of Article 30 hereof, Landlord shall have the
right to request Tenant’s approval to any such comparable materials or finishes by email given to
Tenant’s Representatives at the addresses set forth in Section 6.2(C) hereof. In the event that
Landlord shall give such request to Tenant, then Tenant shall have five (5) Business Days (time
being of the essence) from the date of such email to approve or disapprove same by responding to
such email and indicating such approval or disapproval. If Tenant fails to respond within such
five (5) Business Day period, then Tenant shall be deemed to have approved same. If within such
five (5) Business Day period Tenant shall advise Landlord that Tenant does not approve same, then
Landlord shall use commercially reasonable efforts to propose alternatives therefor to Tenant;
provided, however, in such event, any period during which Landlord shall seek alternatives and
Tenant shall consider and choose or refuse any such alternative following such five (5) Business
Day period shall constitute a Tenant Delay. If any alternative chosen by Tenant as aforesaid
exceeds the cost of the particular item of Building Standard Installations, then Tenant shall pay
to Landlord the amount of such excess within five (5) Business Days of Landlord’s demand therefor
and any period following such time period during which Tenant fails to pay therefor shall
constitute a Tenant Delay.

          (B) Notwithstanding the provisions of Section 1.4(B) hereof to the contrary, in the event
that Substantial Completion of Landlord’s Data Room Work shall be delayed by reason of any Tenant
Delays and/or items of Long Lead Work, then only for purposes of determining the date on which
Tenant shall commence paying Fixed Rent with respect to the Existing Data Room, the Substantial
Completion of Landlord’s Data Room Work and the Data Room Commencement Date shall be deemed to have
occurred on the date it would have otherwise occurred but for such Tenant Delays and/or such items
of Long Lead Work, notwithstanding that Landlord has not yet delivered possession of the Existing
Data Room to Tenant.

          (C) The following terms shall have the following meanings as used herein:

               (1) The term “Long Lead Work” shall mean any item which is not a stock item and must
be specially manufactured, fabricated or installed or is of such an unusual, delicate or fragile
nature that there is a substantial risk that (i) there will be a delay in its manufacture,
fabrication, delivery or installation, or (ii) after delivery of such item will need to be
reshipped or redelivered or repaired so that, in Landlord’s reasonable judgment, the item in
question cannot be completed when the standard items are completed even though the items of Long
Lead Work in question are (1) ordered together with the other items required and (2) installed or
performed (after the manufacture or fabrication thereof) in order and sequence that such Long Lead
Work and other items are normally installed or performed in accordance with good construction
practice. In addition, Long Lead Work shall include any standard item, which in accordance with
good construction practice should be completed after the completion of any item of work in the
nature of the items described in the immediately preceding sentence.

               (2) “Tenant Delays” shall mean Tenant’s acts or omissions (including, without
limitation, changes or change orders to plans and/or finishes) that actually delay Landlord in the
performance of Landlord’s Data Room Work and of which Tenant is notified in writing (which notice
may be by email) during the continuance thereof.

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     6.5. Slab Opening.

     In connection with the performance of the Office Improvement Work, Landlord shall perform, at
Landlord’s expense, the opening of the slab including all necessary structural steel and
fireproofing work required in connection therewith between the fourth (4th) and fifth
(5th) floors of the Building as shown on the Construction Documents. For purposes of
clarity, it being agreed that the amount of such expense shall not be included as part of the
Qualified Office Work Costs and shall be in addition to Landlord’s Office Contribution. Such slab
work shall be performed by Landlord in coordination with the Office Improvement Work schedule such
that any associated work that is required to be performed (e.g., fabrication and installation of
the stair) can be completed within the normal construction period and prior to Substantial
Completion of the Office Improvement Work.

     6.6. Electrical Work.

     In connection with the performance of the Office Improvement Work Landlord shall perform, at
Landlord’s expense not to exceed Twenty Thousand Dollars ($20,000.00) the work requested by Tenant
to the electrical panels in the Premises and the transformers and the circuit breaker panels in the
electrical closet on the floors on which the Premises is located. For purposes of clarity, it
being agreed that such expense up to a maximum amount of Twenty Thousand Dollars ($20,000.00) shall
not be included as part of the Qualified Office Work Costs and shall be in addition to Landlord’s
Office Contribution but any expense in connection therewith in excess of Twenty Thousand Dollars
($20,000.00) shall be included as part of the Qualified Office Work Costs.

Article 7

ALTERATIONS

     7.1. General. 

          (A) Except as otherwise provided in this Article 7, Tenant shall not make any Alterations
without Landlord’s prior consent.

          (B) Tenant may make Decorative Alterations without Landlord’s prior consent.

          (C) The term “Alterations” shall mean alterations, installations, improvements,
additions or other physical changes in each case in or to the Premises that are made by or on
behalf of Tenant or any other Person claiming by, through or under Tenant; provided, however, that
Alterations shall not include Landlord’s Work.

          (D) The term “Decorative Alterations” shall mean Alterations that constitute merely
decorative changes to the Premises (such as, for example, the installation of carpeting or other
customary floor coverings or painting or the installation of customary wall coverings) that in each
case do not involve electrical, plumbing or mechanical connections.

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          (E) The term “Initial Alterations” shall mean the Alterations to prepare the Premises
for Tenant’s initial occupancy.

          (F) The term “Specialty Alterations” shall mean Alterations that (i) perforate a floor
slab in the Premises or a wall that encloses the core of the Building, (ii) require the
reinforcement of a floor slab in the Premises, (iii) consist of the installation of a raised
flooring system in excess of 2,000 square feet of Rentable Area, (iv) consist of the installation
of a vault or other similar device or system that is intended to secure the Premises or a portion
thereof in a manner that exceeds the level of security that a reasonable Person uses for ordinary
office space, or (v) involve material plumbing connections (such as kitchens and executive
bathrooms outside of the Building core).

          (G) The term “Substantial Completion” or words of similar import shall mean that the
applicable work has been substantially completed in accordance with the applicable plans and
specifications if any, and with respect to the Office Improvement Work only, as approved by
Tenant’s Architect in Tenant’s Architect’s professional, good faith judgment using current industry
standards, it being agreed that (i) such work shall be deemed substantially complete
notwithstanding the fact that minor or insubstantial details of construction or demolition,
mechanical adjustment or decorative items remain to be performed, and (ii) with respect to work
that is being performed in the Premises, such work shall be deemed substantially complete only if
the incomplete elements thereof do not interfere materially with Tenant’s use and occupancy of the
Premises for the conduct of business.

          (H) The term “Tenant’s Property” shall mean Tenant’s personal property (other than
fixtures), including, without limitation, Tenant’s movable fixtures, movable partitions, telephone
equipment, computer equipment, furniture, furnishings and decorations.

     7.2. Basic Alterations and Minor Alterations. 

          (A) Subject to the provisions of Section 7.1(B) hereof and this Section 7.2, Landlord shall
not unreasonably withhold, condition or delay its consent to any proposed Alteration, provided that
such Alteration (i) is not visible in any material respect, at street level, from the outside of
the Building, (ii) does not affect adversely any part of the Building other than the Premises,
(iii) does not require any alterations, installations, improvements, additions or other physical
changes to be performed in or made to any portion of the Building other than the Premises, (iv)
does not affect adversely the proper functioning of any Building System, (v) does not materially
reduce the value or utility of the Building, (vi) does not affect the structure of the Building,
(vii) does not impede Landlord’s access to Reserved Areas in any material respect, and (viii) does
not violate or render invalid the certificate of occupancy for the Building or any part thereof
(any Alteration that satisfies the requirements described in clauses (i) through (viii) above being
referred to herein as a “Basic Alteration”).

          (B) Tenant shall not be required to obtain Landlord’s prior consent to a particular Basic
Alteration if the sum of (X) the “hard” construction cost of such Basic Alteration, and (Y) the
“hard” construction cost of any other Basic Alterations performed during the immediately preceding
period of twelve (12) months without Landlord’s consent as contemplated by this Section 7.2, does
not exceed the Minor Alterations Threshold (any such

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Basic Alteration for which Landlord’s prior consent is not required being referred to herein
as a “Minor Alteration”). The term “Minor Alterations Threshold” shall mean Three
Hundred Thousand Dollars ($300,000.00), except that on each anniversary of the Commencement Date,
the Minor Alterations Threshold shall be adjusted to reflect the percentage increase in the
Consumer Price Index from the Consumer Price Index that is in effect on the Commencement Date.
Nothing contained in this Section 7.2(B) limits Tenant’s liability to Landlord if (i) Tenant
performs an Alteration without Landlord’s consent, and (ii) it is determined ultimately that such
Alteration does not constitute a Minor Alteration.

          (C) Nothing contained in this Section 7.2 limits the provisions of Section 7.11 hereof.

     7.3. Approval Process. 

          (A) Subject to the terms of this Section 7.3(A), Tenant shall not perform any Alteration
(other than Decorative Alterations) unless Tenant first gives to Landlord a notice thereof (an
“Alterations Notice”) that (i) refers specifically to this Section 7.3, (ii) includes six
(6) copies of the plans and specifications for the proposed Alteration (including, without
limitation, layout, architectural, mechanical and structural drawings, to the extent applicable) in
CADD format that contain sufficient detail for Landlord and Landlord’s consultants to reasonably
assess the proposed Alteration, (iii) indicates whether Tenant considers the proposed Alterations
to constitute a Basic Alteration, (iv) indicates whether Tenant considers the proposed Alteration
to constitute a Minor Alteration and whether Tenant intends to perform the proposed Alteration
without Landlord’s consent as contemplated by this Article 7, and (v) includes with such notice a
bona fide estimate issued by a reputable and independent construction company of the “hard”
construction cost of performing the proposed Alteration (if Tenant considers the proposed
Alteration to constitute a Minor Alteration and plans to perform such Alteration without Landlord’s
consent). Tenant shall not be required to include with the Alterations Notice the plans and
specifications for a proposed Alteration as described in clause (ii) above if (w) applicable
Requirements do not require Tenant to obtain a building permit therefor, (x) such Alteration does
not involve any material electrical or plumbing work or any material connections to the life-safety
systems of the Building, (y) such plans and specifications would not otherwise be prepared in
accordance with good construction practice, and (z) Tenant so advises Landlord in the applicable
Alterations Notice; provided, however, that if Tenant does not submit such plans and specifications
to Landlord as aforesaid, then Landlord shall have the right to nevertheless require Tenant to
submit such plans and specifications (or another reasonable technical description of the proposed
Alteration) to the extent that Landlord has a reasonable basis for requiring such plans and
specifications (or such other technical description)(any such Alteration for which Tenant is not
required to provide such plans and specifications being referred to herein as a “Simple
Alteration”).

          (B) Landlord shall have the right to object to a proposed Alteration only by giving notice
thereof to Tenant, and setting forth in such notice a statement in reasonable detail of the grounds
for Landlord’s objections.

          (C) If (i) Tenant gives Landlord an Alterations Notice, (ii) Tenant, in the Alterations
Notice, does not indicate that Tenant plans to perform the applicable Alteration

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without Landlord’s consent, (iii) the Alterations Notice states in bold, capital letters as
follows: “LANDLORD’S FAILURE TO RESPOND TO THIS ALTERATIONS NOTICE WITHIN TEN (10) BUSINESS DAYS
SHALL RESULT IN LANDLORD BEING DEEMED TO HAVE CONSENTED TO THE ALTERATION(S) DESCRIBED HEREIN”,
(iv) Landlord fails to respond to the Alterations Notice within ten (10) Business Days after Tenant
gives the Alterations Notice to Landlord, then Landlord shall be deemed to have consented to such
Alteration; provided, however, that in no event shall Landlord be deemed to have consented to any
Alteration that is otherwise expressly prohibited by the terms of this Lease.

          (D) If (i) Tenant resubmits any Alterations Notice to Landlord in accordance with this Section
7.3, (ii) Tenant, together with such resubmission, does not indicate that Tenant plans to perform
the applicable Alteration without Landlord’s consent, (iii) such resubmission Alterations Notice
includes a notice that states in bold, capital letters as follows: LANDLORD’S FAILURE TO RESPOND TO
THIS RESUBMITTED ALTERATIONS NOTICE WITHIN FIVE (5) BUSINESS DAYS SHALL RESULT IN LANDLORD BEING
DEEMED TO HAVE CONSENTED TO THE ALTERATION(S) DESCRIBED HEREIN, and (iv) Landlord fails to respond
to the resubmitted Alterations Notice within five (5) Business Days after Tenant gives the
resubmitted Alterations Notice to Landlord, then Landlord shall be deemed to have consented to such
Alteration; provided, however, that in no event shall Landlord be deemed to have consented to any
Alteration that is otherwise expressly prohibited by the terms of this Lease.

          (E) Landlord shall have the right to (a) disapprove any plans and specifications for a
particular Alteration in part, (b) reserve Landlord’s approval of items shown on such plans and
specifications pending Landlord’s review of other plans and specifications that Tenant is otherwise
required to provide to Landlord hereunder, and (c) condition Landlord’s approval of such plans and
specifications upon Tenant’s making revisions to the plans and specifications or supplying
reasonably required additional information (which Landlord shall have the right to request only
reasonably if the applicable Alteration constitutes a Basic Alteration). Nothing contained in this
Section 7.3(E) limits the provisions of Section 7.2 hereof or Section 7.3(B) hereof.

          (F) Tenant acknowledges that (i) the review of plans or specifications for an Alteration by or
on behalf of Landlord, or (ii) the preparation of plans or specifications for an Alteration by
Landlord’s architect or engineer (or any architect or engineer designated by Landlord), is solely
for Landlord’s benefit, and, accordingly, Landlord makes no representation or warranty that such
plans or specifications comply with any Requirements or are otherwise adequate or correct.

     7.4. Performance of Alterations. 

          (A) Tenant, at Tenant’s expense, prior to the performance of any Alteration, shall obtain all
permits, approvals and certificates required by any Governmental Authorities in connection
therewith. Landlord shall have the right to require Tenant to make all filings with Governmental
Authorities to obtain such permits, approvals and certificates using an expeditor designated
reasonably by Landlord (provided that the charges imposed by such expeditor are commercially
reasonable). Landlord shall execute any applications for any permits, approvals or

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certificates required to be obtained by Tenant in connection with any permitted Alteration
(provided that the applicable Requirement requires Landlord to execute such application) within ten
(10) Business Days after Tenant’s request from time to time and shall otherwise cooperate
reasonably with Tenant in connection therewith. Tenant shall have the right to require Landlord to
so execute such applications prior to the date that Landlord approves (or is deemed to have
approved) the applicable Alteration (to the extent that this Article 7 requires Tenant to obtain
Landlord’s approval of the applicable Alteration), subject to Tenant (at Tenant’s sole cost and
expense) making such changes to the drawings as may be required and resubmitting the same for
Landlord’s approval. Tenant shall reimburse Landlord for any reasonable Out-of-Pocket Costs,
including, without limitation, reasonable attorneys’ fees and disbursements, that Landlord incurs
in so executing such applications and cooperating with Tenant, within thirty (30) days after the
date that Landlord gives to Tenant an invoice therefor from time to time.

          (B) Prior to performing any Alteration, Tenant shall also furnish to Landlord duplicate
original policies of, or, at Tenant’s option, certificates of, (1) worker’s compensation insurance
in amounts not less than the statutory limits (covering all persons to be employed by Tenant, and
Tenant’s contractors and subcontractors, in connection with such Alteration), and (2) commercial
general liability insurance (including property damage and bodily injury coverage), in each case in
customary form, and in amounts that are not less than Five Million Dollars ($5,000,000) with
respect to general contractors and One Million Dollars ($1,000,000) with respect to subcontractors,
naming the Landlord Indemnitees as additional insureds; provided, however, that on each anniversary
of the Commencement Date, the aforesaid amounts shall be adjusted to reflect the percentage
increase in the Consumer Price Index from the Consumer Price Index that is in effect on the
Commencement Date. Landlord acknowledges that Tenant’s contractors and subcontractors may satisfy
the liability insurance requirements as set forth in this Section 7.4(B) with an umbrella insurance
policy if such umbrella insurance policy contains an aggregate per location endorsement that
provides the required level of protection for the Premises.

          (C) Within thirty (30) days after the Substantial Completion of each Alteration (other than
Decorative Alterations and Simple Alterations), Tenant, at Tenant’s expense, shall (1) obtain
certificates of final approval for each Alteration to the extent required by any Governmental
Authority, (2) furnish Landlord with copies of such certificates, and (3) give to Landlord copies
of the “as-built” plans and specifications (which for purposes hereof shall mean working drawings
or “bubbled” construction drawings) for such Alterations in CADD format (or, if the applicable
Alteration constitutes a Minor Alteration, appropriate record drawings or shop drawings therefor).

          (D) All Alterations (other than Decorative Alterations and Simple Alterations) shall be made
and performed substantially in accordance with the plans and specifications therefor as approved by
Landlord (to the extent such approval of Landlord is required under this Article 7). All
Alterations shall be made and performed in accordance with all Requirements and the Rules. All
materials and equipment incorporated in the Premises as a result of any Alterations shall be
first-quality.

          (E) Landlord shall deliver to Tenant, in connection with Tenant’s applications to the
applicable Governmental Authority for a building permit regarding any Alterations, a

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Form ACP-5 for each applicable portion of the Premises, duly executed by an appropriate party
and covering the Premises. Landlord acknowledges that Tenant may disclose such Form ACP-5 to
Permitted Parties and contractors that Tenant engages to perform Alterations in accordance with the
terms hereof. If (x) any asbestos or ACMs are located in the Premises, or any other portions of
the Building in which Tenant has the right to perform Alterations and (y) applicable Requirements
mandate that such asbestos or ACMs be abated in connection with any Alteration that Tenant proposes
to perform, then Landlord, at Landlord’s expense, shall perform such abatement, with reasonable
diligence, in accordance with good construction practice and in compliance with all applicable
Requirements (it being agreed that Landlord’s obligation to deliver such Form ACP-5 shall be
adjourned until Landlord performs such abatement). Landlord shall not be required to (A) deliver
such Form ACP-5 for the portion of the Premises in which Tenant, or any Person claiming by, through
or under Tenant, installs asbestos or ACMs from and after the Commencement Date, or (B) remove any
such asbestos or ACMs to the extent that such asbestos or ACMs are installed in the Premises by
Tenant, or any other Person claiming by, through or under Tenant, after the Commencement Date. If
the abatement of any asbestos or ACMs is required pursuant to the terms of this Section 7.4(E), and
in connection with such abatement, Landlord removes any existing fireproof material originally
located in certain portions of the Premises where Landlord is performing such abatement, Landlord
shall refireproof such portions of the Premises to the extent required by Requirements. If (x) any
asbestos or asbestos-containing materials are located in the Premises, and (y) applicable
Requirements mandate that such asbestos or asbestos-containing materials be abated in connection
with any Alteration that Tenant proposes to perform, then Tenant shall be entitled to apply (until
exhausted) a credit against the Rental that is otherwise due hereunder in an amount equal to the
product obtained by multiplying (I) the number of Business Days that Landlord’s performance of such
abatement as provided in this Section 7.4(E) delays Tenant’s performance of the Alteration(s) (if
any) (it being understood that the number of Business Days as described in this clause (I) shall
not exceed the number of days in the period of the Work Access that Landlord requires to perform
such abatement), by (II) the quotient obtained by dividing (A) the Fixed Rent that is due hereunder
for the first (1st) year after the Rent Commencement Date, by (B) the number of square
feet of Rentable Area in the Premises, by (C) three hundred sixty-five (365) (or three hundred
sixty-six (366), if the Rent Commencement Date occurs in a leap year), by (III) the number of
square feet of Rentable Area in the Premises in respect of which Tenant is delayed in performing
the Alterations, as aforesaid; provided, however, that (A) Tenant shall not have the right to apply
such credit against the Rental that is otherwise due hereunder unless (x) Tenant gives Landlord
notice of such delay not later than the second (2nd) Business Day after the date that
such delay first occurs, and (y) Tenant includes in such notice a reasonable description of the
extent of the impact of such delay on Tenant’s performance of the Alterations, and (B) if the
Expiration Date occurs prior to the date that such credit is exhausted, then Landlord shall pay to
Tenant the unused portion of such credit on or prior to the thirtieth (30th) day after the
Expiration Date (it being understood that Landlord’s obligation to make such payment to Tenant
shall survive the Expiration Date).

     7.5. Financial Integrity. 

          (A)

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          (1) Tenant shall not permit any materials or equipment that are incorporated as fixtures into
the Premises in connection with any Alterations to be subject to any lien, encumbrance, chattel
mortgage or title retention or security agreement.

          (2) Tenant shall discharge of record any mechanic’s lien that is filed against the Real
Property for work claimed to have been done for, or for materials claimed to have been furnished
to, Tenant (or any Person claiming by, through or under Tenant) within thirty (30) days after
Tenant has received notice thereof, at Tenant’s expense, by payment or filing the bond required by
law. Nothing contained in this Section 7.5(A)(2) (x) limits Tenant’s right to challenge the claim
that is made by the Person that files a mechanic’s lien, provided that Tenant discharges such lien
of record as aforesaid, or (y) obligates Tenant to discharge of record any mechanic’s lien that
derives from Landlord’s acts or omissions. If (i) any mechanic’s lien is filed against the Real
Property for work claimed to have been done for, or for materials claimed to have been furnished
to, Tenant (or any Person claiming by, through or under Tenant), and (ii) Tenant does not discharge
such lien within thirty (30) days after Tenant has received notice thereof, at Tenant’s expense, by
payment or filing the bond required by law, then Landlord shall have the right to use the Tenant
Fund (or the portion thereof that Landlord has not theretofore disbursed to or on behalf of Tenant
as provided in Section 7.14 hereof, as the case may be) to so discharge such lien (it being
understood that (x) if Landlord so uses the Tenant Fund (or such undisbursed portion thereof) to
discharge such lien in full, then Tenant’s failure to discharge such lien initially shall not
continue to constitute a default by Tenant hereunder, and (y) Landlord’s aforesaid right to use the
Tenant Fund (or such undisbursed portion thereof) to discharge such lien shall be in addition to
the rights and remedies that are available to Landlord at law, in equity or as otherwise set forth
herein by reason of an Event of Default that derives from Tenant’s failure to so discharge such
lien).

          (B) Subject to the terms of this Section 7.5(B), within thirty (30) days after the Substantial
Completion of any Alterations (other than Decorative Alterations), Tenant shall deliver to
Landlord: (i) waivers of lien from all contractors, subcontractors, materialmen, architects,
engineers and other Persons who may file a lien against the Real Property in connection with such
Alterations, and (ii) a certificate from a licensed architect that Tenant engages in accordance
with the terms of this Article 7 certifying that, in his or her opinion, the Alterations have been
Substantially Completed in substantial accordance with the final detailed plans and specifications
for such Alterations as approved by Landlord (to the extent Landlord’s approval was required under
this Article 7); provided, however, that this clause (ii) shall not apply in respect of Simple
Alterations. Tenant shall not be required to deliver to Landlord any waiver of lien if Tenant is
disputing in good faith the payment which would otherwise entitle Tenant to such waiver, provided
that (x) Tenant keeps Landlord advised in a timely fashion of the status of such dispute and the
basis therefor, and (y) Tenant delivers to Landlord the waiver of lien promptly after the date that
the dispute is settled. Nothing contained in this Section 7.5(B), however, shall relieve Tenant
from complying with the provisions of Section 7.5(A)(2) hereof.

     7.6. Effect on Building. 

     Subject to the terms of this Section 7.6, if (i) as a result of any Alterations, any
alterations, installations, improvements, additions or other physical changes are required to be

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performed in or made to any portion of the Building other than the Premises in order to comply
with any Requirements (any such alterations, installations, improvements, additions or changes
being referred to herein as a “Building Change”), and (ii) such Building Change would not
otherwise have had to be performed or made pursuant to applicable Requirements at such time, then
(x) Landlord may perform such Building Change, and (y) Tenant shall pay to Landlord the reasonable
Out-of-Pocket Costs thereof, as additional rent, within thirty (30) days after Landlord gives to
Tenant an invoice therefor together with reasonable supporting documentation for the charges set
forth therein. Landlord shall seek to accomplish any such Building Change that minimizes the cost
thereof to the extent reasonably practicable. Landlord shall give Tenant reasonable advance notice
of Landlord’s performance of the Building Change, and shall consult reasonably from time to time
with Tenant in connection therewith (with the understanding that such consultations shall include,
without limitation, Landlord’s providing Tenant with the information that Landlord has in its
possession regarding the expected cost of such Building Change). Tenant shall not be required to
pay for the cost of performing a Building Change as contemplated by this Section 7.6 if (a) Tenant
submits to Landlord for Landlord’s approval the plans and specifications for the applicable
Alteration, (b) the representative of Landlord who has principal responsibility for approving the
applicable Alteration has personal knowledge that the applicable Alteration requires such Building
Change, and (c) Landlord fails to advise Tenant of such Building Change concurrently with
Landlord’s approval of the applicable Alteration.

     7.7. Time for Performance of Alterations. 

     If the performance of any Alteration by or on behalf of Tenant, or any other Person claiming
by, through or under Tenant, during Building Hours interferes with or interrupts the maintenance,
repair, management or operation of the Building in any material respect or interferes with or
interrupts the use and occupancy of the Building by other tenants in the Building in any material
respect, then Landlord shall have the right to require Tenant to perform such Alteration at other
times that Landlord reasonably designates from time to time.

     7.8. Removal of Alterations and Tenant’s Property. 

          (A) On or prior to the Expiration Date, Tenant, at Tenant’s expense, shall remove Tenant’s
Property from the Premises, and, subject to Section hereof, at Tenant’s option, Tenant also may
remove, at Tenant’s expense, all Alterations made by or on behalf of Tenant or any other Person
claiming by, through or under Tenant; provided, however, in any case, that Tenant shall repair and
restore in a good and workmanlike manner to good condition any damage to the Premises or the
Building caused by such removal. Landlord, upon notice to Tenant given at least sixty (60) days
prior to the Expiration Date, may require Tenant to remove any Specialty Alterations from the
Premises, and to repair and restore in a good and workmanlike manner to good condition any damage
to the Premises or the Building caused by such removal; provided, however, that Landlord shall not
have the right to require Tenant to remove any Qualified Alterations. If (x) the Expiration Date
is not the Fixed Expiration Date, or the last day of the Renewal Term, as the case may be, and (y)
Landlord gives a notice to Tenant on or prior to the thirtieth (30th) day after the Expiration Date
to the effect that Landlord does not wish to retain a particular Specialty Alteration, then Tenant
shall pay to Landlord the reasonable Out-of-Pocket Costs that are incurred by Landlord in so
removing such Specialty Alterations, and in so repairing and restoring any such damage to the
Building or the Premises, within thirty (30) days

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after Landlord submits to Tenant an invoice therefor together with reasonable supporting
documentation for the charges set forth therein; provided, however, that Landlord shall not have
the right to give any such notice to Tenant in respect of Qualified Alterations. Any Alterations
that remain in the Premises after the Expiration Date shall be deemed to be the property of
Landlord (with the understanding, however, that Tenant shall remain liable to Landlord for any
default of Tenant in respect of Tenant’s obligations under this Section 7.8(A)).

          (B) Prior to Tenant’s performance of a Specialty Alteration, Tenant shall have the right to
request (simultaneously with Tenant’s submission to Landlord of plans and specifications for such
Specialty Alteration) that Landlord advise Tenant if Tenant shall be required to remove (or pay the
cost to remove) such Specialty Alteration upon the Expiration Date or earlier termination of the
Term, provided, however, that such request shall state in bold capital letters as follows:
“LANDLORD TO ADVISE TENANT IF TENANT SHALL BE OBLIGATED TO REMOVE THE SPECIALTY ALTERATION(S)
DESCRIBED HEREIN AT THE EXPIRATION OR EARLIER TERMINATION OF THE TERM AND LANDLORD’S FAILURE TO
RESPOND TO THIS ALTERATIONS REMOVAL REQUEST WITHIN TEN (10) BUSINESS DAYS SHALL BE DEEMED TO
INDICATE THAT LANDLORD SHALL NOT REQUIRE REMOVAL OF THE SPECIALTY ALTERATION(S) DESCRIBED HEREIN.”
Landlord shall have the right to require removal of the applicable Specialty Alteration upon the
expiration or earlier termination of the Term in Landlord’s sole discretion. If (i) Tenant makes
any such request, and (ii) Landlord advises Tenant that removal shall not be required, or fails to
respond to such request within ten (10) Business Days, then Landlord shall not have the right to
require Tenant to remove (or pay the cost to remove) such Specialty Alteration upon the Expiration
Date or earlier termination of the Term (any such Specialty Alteration which Tenant shall not be
required to remove (or to pay the cost of removal) as aforesaid being referred to herein as a
“Qualified Alteration”).

     7.9. Contractors and Supervision. 

          (A) All Alterations (other than Decorative Alterations and Simple Alterations) that require
Landlord’s consent shall be performed only under the supervision of a licensed architect that
Landlord approves, which approval Landlord shall not unreasonably withhold, condition or delay.
Landlord shall be deemed to have approved any such architect if Landlord fails to respond to
Tenant’s request for approval thereof within ten (10) Business Days after the date that Tenant
gives such request to Landlord.

          (B) Subject to the provisions of this Section 7.9(B), Tenant shall perform all Alterations
(other than Decorative Alterations) using, at Tenant’s option, either (i) contractors,
subcontractors, and mechanics that in each case Landlord designates from time to time, or (ii)
contractors, subcontractors or mechanics that in each case Tenant designates and that Landlord
approves, which approval Landlord shall not unreasonably withhold, condition or delay. Landlord
shall be deemed to have approved any such contractors, subcontractors or mechanics that in each
case Tenant designates if Landlord fails to respond to Tenant’s request for approval thereof within
ten (10) Business Days after the date that Tenant gives such request to Landlord. If an Alteration
affects a Building System, then (i) Tenant shall engage to perform such Alteration (or the
applicable portion thereof that affects such Building System) a contractor and subcontractors that
in each case Landlord designates from time to time and charge commercially

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reasonable prices, and (ii) Tenant shall engage an engineer that Landlord designates and that
charges fees that are commercially reasonable to design such Alteration (or the applicable portion
thereof that affects such Building System). Landlord shall give Tenant a notice containing a list
of such contractors, such subcontractors and such engineer that Landlord designates promptly after
Tenant’s request therefor from time to time (it being understood that Landlord shall include in
such list the names of at least three (3) subcontractors for each trade and at least three (3)
general contractors).

     7.10. Landlord’s Expenses. 

     Tenant shall pay to Landlord, from time to time, as additional rent, the reasonable
Out-of-Pocket Costs incurred by Landlord in connection with an Alteration (other than Decorative
Alterations) (including, without limitation, the reasonable Out-of-Pocket Costs that Landlord
incurs in reviewing the plans and specifications for such Alterations,) within thirty (30) days
after Landlord gives Tenant an invoice therefor together with reasonable supporting documentation
for the charges set forth therein; it being understood, however, that in no event shall Landlord
charge Tenant any fees in connection with Landlord’s supervision of any Alterations.

     7.11. Window Coverings. 

     Tenant may replace the window blinds installed as part of the Office Improvement Work only
with curtains, blinds, shades, or screens that Landlord designates reasonably.

     7.12. Emergency Generator System. 

          (A) Landlord hereby agrees to furnish and install either (i) a co-generation and backup power
plant (a “Co-Gen Plant”) or (ii) an emergency generator system (such emergency generator
system being referred to herein as an “Emergency Generator System”), that, in either case,
shall constitute part of the Building Systems and to give Tenant notice not later than August 1,
2010, as to whether Landlord shall install a Co-Gen Plant or an Emergency Generator. For purposes
hereof, the term “Applicable Back-Up Power Source”) shall refer to either the Co-Gen Plant
or the Emergency Generator System, as the case may be. In connection with the installation of the
Applicable Back-Up Power Source, Landlord shall provide a single or multiple automatic transfer
switches (an “ATS”), at Tenant’s expense, within the room in which the Applicable Back-Up
Power Source is located and shall enclose, at Tenant’s expense, such ATS within a security cage
accessible only by Tenant’s personnel and Landlord upon reasonable prior notice to Tenant which
notice may be oral. Tenant shall reimburse Landlord for Landlord Out-of-Pocket Costs in connection
with such ATS, the installation thereof and such security cage within thirty (30) days of Landlord
giving Tenant an invoice therefor. The configuration of the ATS equipment shall be mutally agreed
to by Landlord and Tenant. If Landlord elects to furnish and install a Co-Gen Plant, Landlord
shall use Landlord’s diligent efforts to Substantially Complete Landlord’s installation of the
Co-Gen Plant on or prior to January 1, 2012. If Landlord elects to furnish and install an
Emergency Generator System, Landlord shall commence the installation thereof no later than October
1, 2010 and shall use Landlord’s diligent efforts to Substantially Complete the installation of the
Emergency Generator System on or prior to March 1, 2011. In the event that Landlord elects to
install an Emergency Generator, and Landord shall

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fail to commence the installation of such Emergency Generator prior to October 1, 2010,
Landlord shall fail to commence the installation of the Co-Gen Plant by January 1, 2011 (provided,
however, for purposes hereof commencing installation of the Co-Gen Plant shall mean that Landlord
or its Affiliate has paid a non-refundable deposit for the fabrication of customized equipment for
installation of a co-generation plant at the Building) or if Landlord shall fail to complete
installation of the Co-Gen Plant by January 1, 2012, by such date, as such date shall be extended
by periods of Unavoidable Delays, then provided that Tenant thereafter gives Landlord a notice that
Tenant intends to install an Emergency Generator System and Landlord fails to Substantially
Complete or commence and thereafter diligently prosecute to completion the installation of the
Applicable Back-Up Power Source within thirty (30) days of the date on which Tenant gives Landlord
such notice, then Tenant, as its sole remedy, shall have the right to install the Emergency
Generator System in a location reasonably designated by Landlord subject to the provisions of
Article 7 hereof and Landlord shall reimburse Tenant for the reasonable expenses incurred by Tenant
in connection with such installation within thirty (30) days of Landlord’s receipt of Tenant’s
invoice therefor together with reasonable evidence of such expenses. In the event that Landlord
fails to so reimburse Tenant within such time period then Tenant shall be entitled to offset the
amount of such expenses against the Rental thereafter coming due hereunder. From and after the
date on which Landlord Substantially Completes the installation of the Applicable Back-Up Power
Source, Landlord shall pursue the final completion of Landlord’s installation of the Applicable
Back-Up Power Source, with due diligence and reasonable continuity. Subject to and in accordance
with all applicable provisions of this Article 7, Landlord and Tenant acknowledge and agree that
(x) Tenant, at Tenant’s expense (but subject to clause (y) hereof) shall have the right to connect
certain of Tenant’s systems to the Applicable Back-Up Power Source, and in connection therewith,
Landlord shall provide access to shaftways in the Building for the Risers that Tenant shall install
in accordance with Section 3.7 and Article 7 hereof, to connect Tenant’s systems to the Applicable
Back-Up Power Source (and, accordingly, Tenant shall have the right to use such Risers for the Term
for such purpose of connecting Tenant’s systems to the Applicable Back-Up Power Source) and (y)
Landlord shall reimburse Tenant for an amount equal to fifty percent (50%) of the reasonable
Out-of-Pocket Costs incurred by Tenant only in connection with Tenant’s actual, physical tap-in to
the Riser located in the Designated Shaftway which connects the Premises to the Applicable Back-Up
Power Source, promptly following receipt of Tenant’s invoice therefor which invoice shall include
reasonable supporting documentation for the charges set forth therein. Tenant, during the Term,
shall maintain in good condition any such connection that Tenant makes to the Applicable Back-Up
Power Source (it being understood, however, that nothing contained in this Section 7.13 diminishes
Landlord’s obligation to make repairs to the Applicable Back-Up Power Source to the extent required
by Article 8 of this Lease). Landlord shall maintain an annual maintenance contract for the
Applicable Back-Up Power Source which shall include quarterly testing and annual load testing to
Tenant’s peak demand capacity to be performed by an authorized servicing agent engaged by Landlord.
Tenant shall have the right to have an employee (which employee shall be designated in a notice
given to Landlord by Tenant) present during the performance of any regularly scheduled maintenance
and/or testing of the Emergency Generator System to the extent reasonably practical.
Notwithstanding anything to the contrary contained herein, Landlord shall not be obligated to
reschedule such regularly scheduled maintenance and/or testing of the Emergency Generator System,
in the event that such employee is unavailable to accompany Landlord at the time same is scheduled
to be performed. Landlord

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 shall provide Tenant with copies of the records with respect to such tests of the Applicable
Back-Up Power Source from time to time, following Tenant’s reasonable request therefor. In the
event that Landlord fails to perform maintenance and testing on a regular basis in accordance with
commercially reasonable standards then Tenant shall have the right to perform such maintenance and
testing if Landlord fails to perform such maintenance and testing within thirty (30) days of
Tenant’s notice to Landlord that Tenant is exercising such right. In such event, Landlord shall
reimburse Tenant for Tenant’s Out-of-Pocket Costs in connection with any such maintenance and
testing within thirty (30) days of Landlord’s receipt of Tenant’s invoice therefor together with
reasonable supporting documentation of such costs. Notwithstanding anything to the contrary
contained herein, the Building cooling tower which facilitates the operation of the Condenser Water
System shall be connected via a transfer switch for one redundant cell to and supported by the
Applicable Power Source to enable Tenant to obtain sufficient condenser water in the event of a
power outage. The Applicable Power Source connection shall be made through an automatic transfer
switch or switches providing redundancy in the operation of the Condenser Water System. Tenant
acknowledges that Landlord shall have no liability to Tenant to the extent that the Applicable
Back-Up Power Source fails to provide emergency power to Tenant or that the Applicable Back-Up
Power Source damages Tenant’s systems (except in either case to the extent that Tenant sustains
personal injury or property damage and such personal injury or property damage results from
Landlord’s negligence or willful misconduct (or the negligence or willful misconduct of other
Persons for which Landlord has vicarious liability under applicable Requirements)). Tenant shall
not permit the aggregate demand load of Tenant’s systems on the Applicable Back-Up Power Source to
exceed three hundred fifty (350) kilowatts. Tenant, during the Term from and after the date on
which Tenant’s systems are so connected to the Applicable Back-Up Power Source, shall pay to
Landlord, in consideration of Landlord’s making available to Tenant a portion of the capacity of
the Emergency Generator System, as additional rent, an annual amount equal to Ninety Thousand
Dollars ($90,000.00) (the “Additional Power Fee”) which Tenant shall pay to Landlord, in
equal monthly installments of Seven Thousand Five Hundred Dollars and No Cents ($7,500.00) at the
same time and in the same manner as the Fixed Rent that is due hereunder; provided, however, that
on each anniversary of the Rent Commencement Date, the Additional Power Fee shall be adjusted to
reflect the percentage increase, if any, in the Consumer Price Index that is in effect on the
Commencement Date. If Landlord operates the Applicable Back-Up Power Source to provide electric
service (at a time that the Building is not receiving electrical service), then Tenant shall also
pay to Landlord, as additional rent, an amount equal to the product obtained by multiplying (x) the
Out-of-Pocket Costs that Landlord incurs in so operating the Applicable Back-Up Power Source
(including, without limitation, the costs incurred by Landlord in purchasing fuel for the
Applicable Back-Up Power Source), by (y) a fraction, the numerator of which is the aggregate demand
load (in kilowatts) of Tenant’s systems on the Applicable Back-Up Power Source and the denominator
of which is the aggregate capacity (in kilowatts) of the Applicable Back-Up Power Source, within
thirty (30) days after Landlord’s submission to Tenant of an invoice therefor. Landlord, in
operating the Applicable Back-Up Power Source for the benefit of Tenant and the other tenants in
the Building, shall make arrangements to obtain deliveries of fuel for the Applicable Back-Up Power
Source as necessary, and shall use commercially reasonable efforts to maintain a sufficient amount
of fuel on-site at the Building as would be necessary to operate the Emergency Generator at full
load for twenty-four (24) consecutive hours; with the understanding, however, that Landlord shall
not have any liability to Tenant to the extent that the Applicable Back-Up

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 Power Source fails to operate by reason of the unavailability of fuel for the Applicable
Back-Up Power Source, provided that Landlord has placed orders for such fuel in a manner that
conforms with the standards ordinarily employed in first-class office buildings in Manhattan. If
at any time during the Term, Tenant gives Landlord a notice to the effect that Tenant requires the
use of capacity of the Applicable Back-Up Power Source that exceeds the three hundred fifty (350)
kilowatts demand load that Landlord has reserved initially for Tenant, then Landlord shall permit
Tenant to increase the capacity of the Applicable Back-Up Power Source that Tenant has the right to
use (in which case Landlord shall have the right to increase the annual charge that Landlord
imposes on Tenant for accessing such capacity under this Section 7.12 correspondingly) to the
extent that Landlord determines that such capacity is available to Tenant, with the understanding
that Landlord, in making such determination, shall have the right to take into account Landlord’s
requirements in operating and leasing the Building, including, without limitation, the extent to
which Landlord will be required to dedicate any then unused capacity of the Applicable Back-Up
Power Source to meet the needs of future tenants of the Building. If Landlord determines that
there is not sufficient remaining capacity for the Applicable Back-Up Power Source to meet Tenant’s
requirements, then Landlord shall use Landlord’s reasonable efforts to identify a location in the
Building for Tenant to install, at Tenant’s cost and in accordance with the terms of Article 7
hereof, an emergency generator system (including, without limitation, a location for the required
fuel tank and locations in the shaftways of the Building to accommodate the associated fuel lines
and conduits and risers that connect Tenant’s systems to such generator), with the understanding
that if Landlord identifies any such location, then Landlord shall have the right to impose on
Tenant a reasonable charge therefor). Notwithstanding anything to the contrary contained herein,
Tenant at Tenant’s expense, shall have the right at any time to disconnect all of Tenant’s systems
which are then connected to the Applicable Back-Up Power Source by providing Landlord with at least
ten (10) days prior notice thereof; it being understood that if Tenant exercises the aforesaid
right to disconnect its systems from the Applicable Back-Up Power Source, (w) subject to all
provisions of this Article 7, Tenant shall perform, at Tenant’s expense, any work necessary in
connection therewith, (y) Landlord shall have no further obligation to provide Tenant with a
connection to the Applicable Back-Up Power Source and (z) Tenant shall have no further obligation
to pay Landlord the Additional Power Fee to Landlord hereunder (it being understood that if Tenant
disconnects its systems from the Applicable Power Source on a date other than the last day of the
calendar month, the amount of any Additional Power Fee due for such month shall be proportionately
adjusted). Notwithstanding the foregoing to the contrary, if Tenant exercises the aforesaid right
to disconnect its systems from the Applicable Back-Up Power Source and the Applicable Back-Up Power
Source constitutes an Emergency Generator System (as opposed to a Co-Gen Plant), then Tenant shall
reimburse Landlord in an amount equal to the then unamortized portion of the initial capital
investment made by Landlord in connection with the installation of such Emergency Generator System
(including, without limitation, the hard and soft costs thereof) within thirty (30) days after
receipt of Landlord’s invoice therefor. Landlord hereby acknowledges and agrees that any Major
Subtenant shall have the right use any existing connection to the Applicable Back-Up Power Source
made by Tenant in accordance with the terms hereof, provided that Tenant shall cause such Major
Subtenant to comply with all applicable provisions of this Section 7.12 in connection therewith.

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     7.13. Violations; Tenant’s Remedies.

     Subject to the terms of this Section 7.13, if there exists a violation of applicable
Requirements at the Building that delays, impedes or increases the cost of (i) the Office
Improvement Work (an “Impeding Work Violation”) (ii) Tenant’s performance of an Alteration,
(iii) Tenant’s obtaining a permit from the applicable Governmental Authority for any such
Alteration, or (iv) Tenant’s occupying the Premises for the conduct of business (any such violation
being referred to herein as an “Impeding Building Violation”), then Landlord, at Landlord’s
expense, shall use diligent efforts to cause the Impeding Building Violation to be removed as
promptly as reasonably practicable after Tenant gives Landlord notice thereof. Nothing contained
in this Section 7.13 shall require Landlord to remove any such Impeding Building Violation to the
extent that Section 11.1 hereof requires Tenant to comply therewith. If (u) an Impeding Building
Violation exists, (v) Tenant gives Landlord notice thereof, (w) Landlord fails to remedy such
Impeding Building Violation within thirty (30) days after Tenant gives Landlord notice thereof, (x)
Tenant, in such notice, describes with reasonable particularity the Out-of-Pocket Costs that Tenant
then reasonably expects to incur to the extent attributable solely to the existence of such
Impeding Building Violation, (y) Tenant gives to Landlord from time to time additional notices that
describe with reasonable particularity the Out-of-Pocket Costs that Tenant actually incurs to the
extent attributable solely to the existence of such Impeding Building Violation, with reasonable
promptness after the date that Tenant so incurs such costs, and (z) Tenant takes reasonable steps
to minimize such costs to the extent reasonably practicable, then Landlord shall reimburse Tenant
for such costs within thirty (30) days after Tenant’s request therefor (it being agreed that if
Landlord fails to so reimburse Tenant on or prior to thirty (30) days after Tenant’s rendition of a
statement therefor, then Tenant shall have the right to offset the amount of the costs set forth in
such statement against the Rental due hereunder, subject to Landlord’s right to dispute detailed
below (so that Tenant shall not have the right to exercise such offset right during the pendency of
the dispute detailed below)). Landlord acknowledges that an Impeding Building Violation that
impedes Landlord’s performance of Landlord’s Work shall be Landlord’s responsibility to clear.
Either party shall have the right to submit any dispute between the parties regarding any such
costs to be reimbursed by Landlord to Tenant or any abatement of Rental, as the case may be, to an
Expedited Arbitration Proceeding.

     7.14. Air-Cooled HVAC Installations. 

     Tenant shall not have the right to install a supplementary HVAC system for the Premises that
requires vents or louvers to be installed on the exterior of the Building.

Article 8

REPAIRS

     8.1. Landlord’s Repairs. 

     Subject to the terms of this Article 8 and to Article 15 hereof and Article 16 hereof,
Landlord shall maintain and make all necessary repairs to and replacements of (i) the Building
Systems that service the Premises, (ii) the structural portions of the Building, (iii) the roof of
the Building, (iv) the sidewalks that are adjacent to the Building, (v) the exterior walls of the

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Premises, (vi) the windows of the Premises, (vii) the public portions of the Building, and
(viii) the Premises (to the extent that the necessity for such repair derives from a Work Access)
in each case in conformity with the standards that are customary for first-class office buildings
in the vicinity of the Building. Nothing contained in this Section 8.1 requires Landlord to
maintain or repair the systems within the Premises that distribute within the Premises electricity,
HVAC or water.

     8.2. Tenant’s Repairs. 

          (A) Subject to the terms of this Article 8 and to Article 15 hereof and Article 16 hereof,
Tenant, at Tenant’s expense, shall take good care of the Premises (including, without limitation,
(i) the fixtures and equipment that are installed in each Applicable Space on the Applicable
Commencement Date, (ii) the Alterations, and (iii) the systems within the Premises that distribute
within the Premises electricity, HVAC or water). Tenant shall make all repairs to the Premises as
and when needed to preserve the Premises in good condition, except for reasonable wear and tear,
obsolescence and damage for which Tenant is not responsible pursuant to the provisions of Article
15 hereof. Nothing contained in this Section 8.2(A) shall require Tenant to perform any repairs to
the Premises that are Landlord’s obligation to perform under Section 8.1 hereof. All repairs made
by Tenant as contemplated by this Section 8.2(A) shall be in conformity with the standards that are
customary for first-class office buildings in the vicinity of the Building. Tenant shall perform
such repairs in accordance with the terms of Article 7 hereof.

          (B) Subject to the terms of this Section 8.2(B), if (a) Landlord gives Tenant a notice that
Tenant has failed to perform a repair that this Section 8.2 obligates Tenant to perform, and (b)
Tenant fails to proceed with reasonable diligence to make such repair within thirty (30) days after
the date that Landlord gives such notice to Tenant (or such shorter period that Landlord designates
in such notice to the extent reasonably required under the circumstances to alleviate an imminent
threat to persons or property), then (i) Landlord may make such repair, and (ii) Tenant shall pay
to Landlord, as additional rent, the reasonable Out-of-Pocket Costs thereof, with interest thereon
at the Applicable Rate calculated from the date that Landlord incurs such expenses, within thirty
(30) days after Landlord gives Tenant an invoice therefor together with reasonable supporting
documentation for the charges set forth therein. If (x) a particular repair that this Section 8.2
obligates Tenant to perform cannot be performed with reasonable diligence during the aforesaid
period of thirty (30) days (or during such shorter period that Landlord designates, as the case may
be), and (y) Tenant commences such repair during such period of thirty (30) days (or such shorter
period that Landlord designates), then Landlord shall not have the right to perform such repair on
Tenant’s behalf as otherwise described in this Section 8.2(B) unless Tenant fails to pursue such
repair with reasonable continuity and diligence. Nothing contained in this Section 8.2(B) limits
the remedies that are available to Landlord after the occurrence of an Event of Default.

     8.3. Certain Limitations. 

          (A) Tenant, at Tenant’s expense, shall repair in accordance with the terms set forth in
Section 8.2 hereof all damage to the Premises, or to any other part of the Building or the Building
Systems, in each case to the extent resulting from the negligence or willful misconduct

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of, or Alterations made by, Tenant or any other Person claiming by, through or under Tenant;
provided, however, that Landlord shall have the right to perform any such repair to the extent that
such repair affects the structure of the Building or such repair affects any Building System, in
which case Tenant shall pay to Landlord an amount equal to the Out-of-Pocket Costs that Landlord
reasonably incurs in performing such repair, on or prior to the thirtieth (30th) day after the date
that Landlord gives to Tenant an invoice therefor together with reasonable supporting documentation
for the charges set forth therein. Nothing contained in this Section 8.3(A) limits the provisions
of Section 14.3 hereof.

          (B) Landlord, at Landlord’s expense, shall repair promptly all damage to the Premises that
results from Landlord’s negligence or willful misconduct. Nothing contained in this Section 8.3(B)
limits the provisions of Section 14.3 hereof.

     8.4. Overtime. 

     Subject to the provisions of this Section 8.4, Landlord shall have no obligation to employ
contractors or labor at overtime or premium pay rates in connection with Landlord’s making repairs
as contemplated by this Article 8. If Landlord’s repair (or the condition that Landlord is
required to repair) (i) denies Tenant from having reasonable access to the Premises, (ii) threatens
the health or safety of any occupant of the Premises, or (iii) materially interferes with Tenant’s
ability to conduct its business in the Premises during Tenant’s ordinary business hours, then
Landlord shall employ contractors or labor at overtime or premium pay rates to the extent
reasonably necessary. Landlord, at Tenant’s request, shall also perform any other repair that this
Article 8 requires Landlord to perform, to the extent reasonably practicable, using contractors or
labor at overtime or premium pay rates, in which case Tenant shall pay to Landlord, as additional
rent, an amount equal to the excess of (x) the Out-of-Pocket Costs that Landlord incurs in
performing such repair (using contractors or labor at overtime or premium pay rates), over (y) the
Out-of-Pocket Costs that Landlord would have incurred in performing such repair without using
contractors at overtime or premium pay rates, within thirty (30) days after the date that Landlord
gives to Tenant an invoice therefor together with reasonable supporting documentation for the
charges set forth therein (it being understood that if more than one tenant requests that Landlord
perform any such repair using contractors or labor at overtime or premium pay rates, then Landlord
shall allocate such costs among such tenants equitably).

Article 9

ACCESS; LANDLORD’S CHANGES

     9.1. Access. 

          (A) Subject to the terms of this Lease, during the Term, Tenant shall have access to the
Premises at all times, notwithstanding the occurrence of a power outage, power failure or non- life
threatening emergency (subject, however, to any Requirements prohibiting such access), twenty-four
(24) hours per day, every day of the year. Tenant hereby acknowledges and agrees that any access to
the Premises during a period in which Landlord is otherwise prohibiting or limiting access to the
Building or any portions thereof to other tenants (such period, a “Limited Access Period”)
shall be at Tenant’s own risk and liability; it being

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understood, however that Landlord’s obligations to provide services to the Premises during
such Limited Access Period shall be subject to Article 10 hereof.

          (B) Subject to the terms of this Section 9.1(B), Landlord and Landlord’s designees may enter
the Premises at reasonable times upon reasonable prior notice to Tenant (which notice may be given
verbally to the person employed by Tenant with whom Landlord’s representative ordinarily discusses
matters relating to the Premises) to (i) examine the Premises, (ii) show the Premises to
prospective tenants during the last nine (9) months of the Term, (iii) show the Premises to
prospective purchasers or master lessees of Landlord’s interest in the Real Property, (iv) show the
Premises to Mortgagees or Lessors (or prospective Mortgagees or Lessors), (v) gain access to
Reserved Areas, or (vi) make repairs, alterations, improvements, additions or restorations that (I)
Landlord is required to make pursuant to the terms of this Lease (including, without limitation,
Landlord’s Work), or (II) are reasonably necessary in connection with the maintenance, repair, or
operation of the Real Property (Landlord’s entry upon the Premises to perform such repairs,
alterations, improvements, additions or restorations being referred to herein as a “Work
Access”). Tenant shall have the right at all times other than during an emergency, to have an
employee whom Tenant designates from time to time to Landlord in writing, accompany Landlord during
a Work Access. Notwithstanding anything to the contrary contained herein, Landlord shall not be
obligated to reschedule any Work Access in the event that such employee is unavailable to accompany
Landlord at the time the same is scheduled to be performed. Landlord shall not be required to give
Tenant advance notice of the entry by Landlord or Landlord’s designees into the Premises as
contemplated by this Section 9.1(B) to the extent necessary by reason of the occurrence of an
emergency (with the understanding, however, that Landlord shall give Tenant notice of such
emergency access as promptly as reasonably practicable thereafter). Landlord, in connection with a
Work Access, shall have the right to bring into the Premises, and store in the Premises in a
reasonable manner for the duration of the Work Access, the materials and tools that Landlord
reasonably requires to perform the applicable repair, alteration, improvement, addition or
restoration. Landlord shall have no liability to Tenant for any loss sustained by Tenant by reason
of Landlord’s entry upon the Premises; provided, however, that (w) nothing contained in this
Section 9.1(B) diminishes Landlord’s obligation to repair the Premises (to the extent that the
necessity for such repair derives from a Work Access) as provided in Section 8.1 hereof, (x)
subject to Section 14.3 hereof, Landlord shall remain liable to Tenant for personal injury or
property damage that derives from Landlord’s negligence or wilful misconduct in connection with any
such entry upon the Premises, (y) nothing contained in this Section 9.1(B) limits Tenant’s rights
to an abatement of Rental after a fire or other casualty as provided herein, and (z) nothing
contained in this Section 9.1(B) limits Tenant’s rights to an abatement of Rental as provided in
Section 10.3 hereof.

     9.2. Landlord’s Obligation to Minimize Interference. 

          (A) Subject to Section 9.2(B) hereof, Landlord shall use commercially reasonable efforts to
minimize interference with Tenant’s use of the Premises in connection with Landlord’s accessing the
Premises as contemplated by Section 9.1 hereof.

          (B) Subject to the provisions of this Section 9.2(B), Landlord shall have no obligation to
employ contractors or labor at overtime or premium pay rates in connection with a Work Access as
contemplated by this Article 8. If a Work Access (i) denies Tenant from having

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reasonable access to the Premises, (ii) threatens the health or safety of any occupant of the
Premises, or (iii) materially interferes with Tenant’s ability to conduct its business in the
Premises during Tenant’s ordinary business hours, then Landlord shall employ contractors or labor
at overtime or premium pay rates to the extent reasonably necessary. Landlord, at Tenant’s
request, shall also conduct a Work Access, to the extent reasonably practicable, using contractors
or labor at overtime or premium pay rates, in which case Tenant shall pay to Landlord, as
additional rent, an amount equal to the excess of (x) the Out-of-Pocket Costs that Landlord incurs
in conducting such Work Access (using contractors or labor at overtime or premium pay rates), over
(y) the Out-of-Pocket Costs that Landlord would have incurred in conducting such Work Access
without using contractors at overtime or premium pay rates, within thirty (30) days after the date
that Landlord gives to Tenant an invoice therefor together with reasonable supporting documentation
for the charges set forth therein (it being understood that if more than one tenant requests that
Landlord conduct such Work Access using contractors or labor at overtime or premium pay rates, then
Landlord shall allocate such costs among such tenants equitably).

     9.3. Reserved Areas. 

     The Premises shall not include (i) the demising walls of the Premises (except for the interior
face thereof), (ii) the walls of the Premises that constitute the curtain wall for the Building
(except for the interior face thereof), (iii) balconies, terraces and roofs that are adjacent to
the Premises, and (iv) space that is used for Building Systems or other purposes associated with
the operation, repair, management or maintenance of the Real Property, including, without
limitation, shafts, stacks, stairways, chutes, pipes, conduits, ducts, fan rooms, mechanical rooms,
plumbing facilities, and service closets (except to the extent expressly provided herein) (the
areas described in clauses (iii) and (iv) above being collectively referred to herein as the
“Reserved Areas”).

     9.4. Ducts, Pipes and Conduits. 

     Landlord shall have the right to install, use and maintain ducts, cabling, pipes and conduits
in and through the Premises, provided that (a) such ducts, cabling, pipes and conduits are
concealed within or above partitioning columns, walls or ceilings, except that if such ducts,
cabling, pipes or conduits are installed in areas that are utility areas (such as storage areas,
mailrooms or mud rooms), then such ducts, cabling, pipes or conduits may also be installed on
partitioning walls, columns or ceilings, (b) such ducts, cabling, pipes and conduits do not reduce
the Usable Area of the Premises by more than a de minimis amount, and (c) Landlord installs such
ducts, cabling, pipes and conduits in a manner that minimizes, to the extent reasonably
practicable, any adverse effect on an Alteration theretofore performed in the Premises. If
Landlord requires access to the Premises to make the installations as contemplated by this Section
9.4, then Landlord shall perform such installations in accordance with the terms hereof that govern
a Work Access.

     9.5. Keys. 

     Tenant shall provide Landlord, from time to time, with the keys to the Premises (or with the
appropriate means to access the Premises using Tenant’s electronic security systems).

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     9.6. Landlord’s Changes. 

          (A) Subject to Section 9.6(B) hereof, Tenant shall have the right to use, in common with the
other occupants of the Building, the portions of the Building that Landlord dedicates from time to
time as common area for the general use of the occupants of the Building.

          (B) Landlord, from time to time, shall have the right to change the arrangement or location of
the public portions of the Building, including, without limitation, lobbies, entrances,
passageways, doors, corridors, stairs and toilets that in each case are not located in the
Premises, provided any such change does not (a) unreasonably reduce or unreasonably interfere with
Tenant’s access to the Building or the Premises, (b) reduce the floor area of the Premises (except
to a de minimis extent), or (c) reduce to a material extent the level or quality of services that
are available to Tenant on the Commencement Date.

          (C) Landlord, from time to time, shall have the right to change, or reduce the number of, the
passenger or freight elevators serving the Premises, provided that such change or reduction does
not reduce to a material extent the passenger or freight elevator service standards that the
passenger and freight elevators meet on the date hereof.

          (D) Landlord, from time to time, shall have the right to change the name, number or
designation by which the Building is commonly known.

          (E)

          (1) Landlord shall have the right, from time to time, to close, obstruct or darken the windows
of the Premises temporarily to the extent required to comply with a Requirement or to perform
repairs, maintenance, alterations, or improvements to the Building. Landlord shall have the right
to close, obstruct or darken the windows of the Premises permanently to the extent required to
comply with a Requirement that does not become applicable to the Building by virtue of Landlord’s
performance of elective construction in the Building.

          (2) If, at any time, the windows of the Premises are closed, obstructed or darkened
temporarily, as aforesaid, then Landlord shall perform (or cause to be performed) such repairs,
maintenance, alterations or improvements, or shall comply with the applicable Requirement (or cause
such Requirement to be complied with), in each case with reasonable diligence, and otherwise take
such action as may be reasonably necessary to minimize the period during which such windows are
temporarily closed, obstructed or darkened (it being understood, however, that subject to Section
8.4 hereof, Landlord shall not be required to perform such repairs, maintenance, alterations or
improvements using contractors or labor at overtime or premium pay rates).

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Article 10 

UNAVOIDABLE DELAYS AND INTERRUPTION OF SERVICE

     10.1. Unavoidable Delays. 

     Subject to Section 10.3 hereof, Article 15 hereof and Article 16 hereof, this Lease and the
obligation of Tenant to pay Rental hereunder and to perform all of Tenant’s other covenants shall
not be affected, impaired or excused, and Landlord shall not have any liability to Tenant, to the
extent that Landlord is unable to perform Landlord’s covenants under this Lease by reason of any
cause beyond Landlord’s reasonable control, including, without limitation, strikes, labor troubles,
acts of terrorism or the occurrence of an act of God (such events collectively, “Unavoidable
Delays”); provided, however, that Landlord shall not have the right to claim under this Section
10.1 that Landlord’s failure to have funds available to make a payment of money constitutes an
excuse for Landlord’s performance of an obligation of Landlord hereunder.

     10.2. Interruption of Services. 

     Subject to Section 10.3 hereof, Landlord, from time to time, shall have the right to interrupt
or curtail the level of service provided by the Building Systems to the extent reasonably necessary
to accommodate the performance of repairs, additions, alterations, replacements or improvements
that in Landlord’s reasonable judgment are desirable or necessary. Landlord shall give Tenant
reasonable advance notice of any such interruption or curtailment (to the extent that Landlord does
not need to arrange for such interruption or curtailment to manage an emergency) and schedule any
such interruption or curtailment at times that minimizes, to the extent reasonably practicable, the
effect of such interruption or curtailment on Tenant’s ability to conduct its business in the
Premises during Tenant’s ordinary business hours. If such interruption or curtailment of the level
of service provided by the Building Systems (i) denies Tenant from having reasonable access to the
Premises, (ii) threatens the health or safety of any occupant of the Premises, or (iii) materially
interferes with Tenant’s ability to conduct its business in the Premises during Tenant’s ordinary
business hours, then Landlord shall employ contractors or labor at overtime or premium pay rates to
the extent reasonably necessary. Landlord, at Tenant’s request, shall also schedule any such
interruption or curtailment, to the extent reasonably practicable, using contractors or labor at
overtime or premium pay rates, in which case Tenant shall pay to Landlord, as additional rent, an
amount equal to the excess of (x) the Out-of-Pocket Costs that Landlord incurs in so scheduling
such interruption or curtailment (using contractors or labor at overtime or premium pay rates),
over (y) the Out-of-Pocket Costs that Landlord would have incurred in scheduling such interruption
or curtailment without using contractors at overtime or premium pay rates, within thirty (30) days
after the date that Landlord gives to Tenant an invoice therefor together with reasonable
supporting documentation for the charges set forth therein (it being understood that if more than
one tenant requests that Landlord conduct such Work Access using contractors or labor at overtime
or premium pay rates, then Landlord shall allocate such costs among such tenants equitably).

     10.3. Rent Credit. 

     Subject to the terms of this Section 10.3, if (I) (i) Landlord fails to perform Landlord’s
covenants hereunder, (ii) Landlord interrupts or curtails the level of service provided by Building

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Systems as contemplated by Section 10.2 hereof, or (iii) Landlord performs repairs,
alterations, improvements, additions or restorations in the Building, and (II) Tenant, by reason of
the event described in clause (I) above, is unable for (x) at least three (3) consecutive Business
Days during the period prior to the date that Landlord’s installation of the Applicable Back-Up
Power Source is complete or (y) at least five (5) consecutive Business Days during the period from
and after the date on which Landlord’s installation of the Applicable Back-Up Power Source is
complete, to operate Tenant’s business in the Premises (or a portion thereof) in substantially the
same manner that Tenant conducted its business prior to such event, then Tenant shall be entitled
to a credit to apply against the Fixed Rent and the Escalation Rent thereafter coming due hereunder
in an amount equal to the product obtained by multiplying (A) the quotient obtained by dividing (a)
the sum of the Fixed Rent and the Escalation Rent for the Applicable Space or Applicable Spaces in
which is located the portion of the Premises that is unusable, as aforesaid, by (b) three hundred
sixty-five (365) (or three hundred sixty-six (366) in a leap year), by (c) the number of square
feet of Rentable Area in the Applicable Space or Applicable Spaces in which is located the portion
of the Premises that is unusable, by (B) the number of square feet of Rentable Area of the portion
of the Applicable Space or Applicable Spaces which is unusable, as aforesaid, by (C) the number of
days in the period commencing on (and including) the date immediately following the date that is
three (3) Business Days or five (5) Business Days, as the case may be, after the event that is
described in clause (I) above and ending on the date that such portion of the Applicable Space or
Applicable Spaces becomes usable. If (x) Tenant is entitled to a credit against Rental pursuant to
this Section 10.3, and (y) the Expiration Date occurs prior to the date that such credit is
exhausted, then Landlord shall pay to Tenant the unused portion of such credit on or prior to the
thirtieth (30th) day after the Expiration Date (and Landlord’s obligation to make such payment
shall survive the Expiration Date). This Section 10.3 shall not apply in respect of the occurrence
of a fire or other casualty or in respect of a condemnation. This Section 10.3 shall not limit the
provisions of Section 5.2 hereof.

Article 11 

REQUIREMENTS

     11.1. Tenant’s Obligation to Comply with Requirements. 

          (A) Subject to the terms of this Article 11, Tenant, at Tenant’s expense, shall comply with
all Requirements applicable to the Premises, including, without limitation, (i) Requirements that
are applicable to the performance of Alterations, (ii) Requirements that become applicable by
reason of Alterations having been performed, and (iii) Requirements that are applicable by reason
of the specific nature or type of business operated by Tenant (or any other Person claiming by,
through or under Tenant) in the Premises. Tenant shall not be required to make any Alteration or
other changes to the structural components of the Building or to the Building Systems in either
case to comply with any Requirement unless (a) such Alteration or other change is required by
reason of Alterations having been performed by Tenant (or another Person claiming by, through or
under Tenant), or (b) such Alteration or other change is required by reason of the specific nature
of the use of the Premises by Tenant (or such other Person) (as opposed to the use of the Premises
for the general purposes otherwise permitted under Section 3.1 hereof), or (c) such Alteration or
other change is required to install, modify or replace any

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fire suppression device or system in the Premises (including, without limitation, sprinkler
systems).

          (B) The term “Requirements” shall mean, collectively, (i) all present and future laws,
rules, orders, ordinances, regulations, statutes, requirements, codes and executive orders of all
Governmental Authorities, and of any applicable fire rating bureau, or other body exercising
similar functions, and (ii) all requirements that the issuer of Landlord’s Property Policy imposes
(including, without limitation, any such requirements that such issuer requires as the basis for
the premium that such issuer charges Landlord for Landlord’s Property Policy), provided that such
requirements that the issuer of Landlord’s Property Policy imposes are reasonably consistent with
the requirements imposed by reputable insurers of comparable properties in The City of New York.

          (C) The term “Governmental Authority” shall mean the United States of America, the
State of New York, The City of New York, any political subdivision thereof and any agency,
department, commission, board, bureau or instrumentality of any of the foregoing, or any
quasi-governmental authority, now existing or hereafter created, having jurisdiction over the Real
Property or any portion thereof.

          (D) Subject to the terms of this Section 11.1(D), if (a) Landlord gives Tenant a notice that
Tenant has failed to comply with a Requirement as required by this Section 11.1, and (b) Tenant
fails to proceed with reasonable diligence to comply with such Requirement within thirty (30) days
after the date that Landlord gives such notice to Tenant (or such shorter period that Landlord
designates in such notice to the extent reasonably required under the circumstances to alleviate an
imminent threat to persons or property), then (i) Landlord may perform the work and otherwise take
steps that are required to comply with such Requirement, and (ii) Tenant shall pay to Landlord, as
additional rent, the reasonable Out-of-Pocket Costs thereof, with interest thereon at the
Applicable Rate calculated from the date that Landlord incurs such expenses within thirty (30) days
after Landlord gives Tenant an invoice therefor together with reasonable supporting documentation
for the charges set forth therein. If (x) Tenant’s compliance with a particular Requirement as
required by this Section 11.1 cannot be accomplished with reasonable diligence during the aforesaid
period of thirty (30) days (or during such shorter period that Landlord designates, as the case may
be), and (y) Tenant commences such compliance during such period of thirty (30) days (or such
shorter period that Landlord designates), then Landlord shall not have the right to perform the
work and otherwise take steps that are required to comply with such Requirement on Tenant’s behalf
as otherwise described in this Section 11.1(D) unless Tenant fails to pursue such compliance with
reasonable continuity and diligence. Nothing contained in this Section 11.1(D) limits the remedies
that are available to Landlord after the occurrence of an Event of Default.

     11.2. Landlord’s Obligation to Comply with Requirements. 

     Landlord shall comply with all Requirements applicable to the Premises and the Building
(including, without limitation, Requirements in respect of which the violation thereof impedes
Tenant’s performance of Alterations in the Premises) other than the Requirements with respect to
which Tenant is required to comply pursuant to Section 11.1 hereof, subject, however, to Landlord’s
right to contest in good faith the applicability or legality thereof (provided that

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Landlord’s contesting such Requirements does not interfere in any material respect with
Tenant’s use and occupancy of the Premises).

     11.3. Tenant’s Right to Contest Requirements. 

     Subject to the provisions of this Section 11.3, Tenant, at Tenant’s expense, may contest by
appropriate proceedings prosecuted diligently and in good faith the legality or applicability of
any Requirement affecting the Premises (any such proceedings instituted by Tenant being referred to
herein as a “Compliance Challenge”). Tenant shall not have the right to institute a
Compliance Challenge unless Tenant first gives Landlord notice thereof. Tenant shall not institute
any Compliance Challenge if, by reason of Tenant’s delaying its compliance with the applicable
Requirement or by reason of the Compliance Challenge, (a) Landlord (or any Landlord Indemnitee) may
be imprisoned, (b) the Real Property or any part thereof may be condemned or vacated, or (c) the
certificate of occupancy for the Premises or the Building may be suspended. If Landlord or any
Landlord Indemnitee would likely be subject to any civil fines or penalties or other criminal
penalties or if Landlord or any Landlord Indemnitee may be liable to any third party in either case
by reason of Tenant’s delaying its compliance with the applicable Requirement or by reason of the
Compliance Challenge, then Tenant shall furnish to Landlord, at Tenant’s option, either (x) a bond
of a surety company that is issued by, and in form and substance, reasonably satisfactory to
Landlord, or (y) such other security that is reasonably satisfactory to Landlord, and, in either
case, in an amount equal to one hundred twenty percent (120%) of the sum of (A) the cost of such
compliance, (B) the criminal or civil penalties or fines that may accrue by reason of such
non-compliance (as reasonably estimated by Landlord), and (C) the amount of such liability to third
parties (as reasonably estimated by Landlord). If Tenant initiates any Compliance Challenge, then
Tenant shall keep Landlord advised regularly as to the status of such proceedings. Landlord shall
have the right to use the aforesaid bond or other security to satisfy any such fines or penalties
that are levied or assessed against a Landlord Indemnitee. Landlord shall return to Tenant the
aforesaid bond or other security (or the unapplied portion thereof, as the case may be), promptly
after Tenant completes the Compliance Challenge.

     11.4. Certificate of Occupancy. 

          (A) Subject to the terms of this Section 11.4(A), Landlord covenants that from and after the
Applicable Commencement Date a temporary or permanent certificate of occupancy covering the
Applicable Space (or such other certificate as may be required by Requirements from time to time to
lawfully occupy the Applicable Space) shall be in full force and effect permitting the Applicable
Space to be used for the general purposes that are permitted under Article 3 hereof. Nothing
contained herein constitutes Landlord’s covenant, representation or warranty that the Premises or
any part thereof lawfully may be used or occupied for any particular purpose or in any particular
manner; provided, however, that Landlord shall not have the right to amend the certificate of
occupancy for the Applicable Space (or such other certificate as may be required by Requirements
from time to time to lawfully occupy the Applicable Space) in a manner that limits the uses that
Tenant may perform in the Applicable Space in accordance with Article 3 hereof. Landlord shall
have no liability to Tenant under this Section 11.4(A) to the extent such certificate of occupancy
(or such other certificate) is not in full force and effect by reason of Tenant’s default hereunder
or by reason of Alterations.

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          (B) Tenant shall use the Premises only in a manner that conforms with the certificate of
occupancy that is in effect for the Premises. Tenant shall not have the right to amend the
certificate of occupancy for the Premises or the Building without Landlord’s prior approval.

Article 12 

QUIET ENJOYMENT

     12.1. Quiet Enjoyment. 

     Landlord covenants that Tenant may peaceably and quietly enjoy the Premises for the Term,
subject, nevertheless, to the terms and conditions of this Lease.

Article 13 

SUBORDINATION

     13.1. Subordination. 

          (A) This Lease shall be subject and subordinate to the priority of each Superior Lease that
hereafter exists (and does not exist as of the date hereof) if the applicable Lessor executes and
delivers to Tenant a Nondisturbance Agreement. This Lease shall be subject and subordinate to the
lien of each Mortgage that hereafter exists (and does not exist as of the date hereof) if the
applicable Mortgagee executes and delivers to Tenant a Nondisturbance Agreement. Landlord shall
request that the existing Mortgagee execute and deliver to Tenant a Nondisturbance Agreement on the
existing Mortgagee’s standard form with such commercially reasonable changes as are acceptable to
Tenant and the existing Mortgagee. Tenant, at Tenant’s expense, shall execute and deliver promptly
a Nondisturbance Agreement that a Lessor or a Mortgagee proposes to use and that conforms to the
terms of this Article 13.

          (B) The term “Lessor” shall mean a lessor under a Superior Lease.

          (C) The term “Mortgage” shall mean any trust indenture or mortgage which now or
hereafter encumbers Landlord’s estate in the Premises.

          (D) The term “Mortgagee” shall mean any trustee, mortgagee or holder of a Mortgage.

          (E) The term “Nondisturbance Agreement” shall mean, subject to Section 13.2 hereof, an
agreement, in recordable form, between a Lessor or a Mortgagee, as the case may be, and Tenant, to
the effect that (i) if there is a foreclosure of the Mortgage, then the successor to Landlord by
virtue of the foreclosure will not evict Tenant, disturb Tenant’s possession under this Lease, or
terminate or disturb Tenant’s leasehold estate or rights hereunder, and will recognize Tenant as
the direct tenant of such successor to Landlord on the same terms and conditions as are contained
in this Lease, or (ii) if the Superior Lease terminates, then the Lessor will not evict Tenant,
disturb Tenant’s possession under the Lease, or terminate or disturb Tenant’s leasehold

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estate or rights hereunder, and will recognize Tenant as the direct tenant of such Lessor on
the same terms and conditions as are contained in this Lease.

          (F) The term “Superior Lease” shall mean any lease pursuant to which Landlord now or
hereafter obtains or retains its interest in the Premises (to the extent that Landlord’s interest
in the Premises is a leasehold estate).

     13.2. Terms of Nondisturbance Agreements. 

     Subject to the terms of this Section 13.2, any Nondisturbance Agreement may provide that the
Person that succeeds to Landlord by reason of the foreclosure of a Mortgage, or the termination of
a Superior Lease, as the case may be (any such Person being referred to herein as the
“Successor”) shall not be:

          (A) liable for any act or omission of any prior landlord (including, without limitation, the
then defaulting landlord), except to the extent that (i) such act or omission continues after the
date that the Successor succeeds to Landlord’s interest in the Real Property, and (ii) such act or
omission of such prior landlord is of a nature that the Successor can cure by performing a service
or making a repair,

          (B) subject to any defenses or offsets that Tenant has against any prior landlord (including,
without limitation, the then defaulting landlord),

          (C) bound by any payment of Rental that Tenant has made to any prior landlord (including,
without limitation, the then defaulting landlord) more than thirty (30) days in advance of the date
that such payment is due (other than the Rental that Tenant pays in advance pursuant to Article 2
hereof),

          (D) bound by any obligation to make any payment to or on behalf of Tenant to the extent that
such obligation accrues prior to the date that the Successor succeeds to Landlord’s interest in the
Real Property,

          (E) bound by any obligation to perform any work or to make improvements to the Premises,
except for:

          (1) repairs and maintenance that Landlord is required to perform pursuant to the provisions of
this Lease and that first become necessary, or the need for which continues, after the date that
the Successor succeeds to Landlord’s interest in the Real Property,

          (2) repairs to the Premises that become necessary by reason of a fire or other casualty that
occurs from and after the date that the Successor succeeds to Landlord’s interest in the Real
Property and that Landlord is required to perform pursuant to Article 15 hereof,

          (3) repairs to the Premises that become necessary by reason of a fire or other casualty that
occurs prior to the date that the Successor succeeds to Landlord’s interest in the Real Property
and that Landlord is required to perform pursuant to Article 15 hereof, to the extent that the net
proceeds of Landlord’s Property Policy that are actually made available to the Successor are
sufficient to cover the cost of such repairs (with the understanding, however, that

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if (i) a fire or other casualty occurs prior to the date that the Successor succeeds to
Landlord’s interest in the Real Property, (ii) Landlord is required to repair the resulting damage
to the Building pursuant to Article 15 hereof, and (iii) such net proceeds are not sufficient to
cover the cost of such repairs, then Tenant shall have the right to terminate this Lease by giving
notice thereof to the Successor within fifteen (15) days after the date that the Successor gives
Tenant notice that the Successor does not intend to perform such repairs),

          (4) repairs to the Premises as a result of a partial condemnation that occurs from and after
the date that the Successor succeeds to Landlord’s interest in the Real Property and that Landlord
is required to perform pursuant to Article 16 hereof, and

          (5) repairs to the Premises as a result of a partial condemnation that occurs prior to the
date that the Successor succeeds to Landlord’s interest in the Real Property and that Landlord is
required to perform pursuant to Article 16 hereof, to the extent that the net proceeds of any
condemnation award that is made available to the Successor is sufficient to cover the cost of such
repairs (with the understanding, however, that if (i) a partial condemnation occurs prior to the
date that the Successor succeeds to Landlord’s interest in the Real Property, (ii) Landlord is
required to make repairs to the Building pursuant to Article 16 hereof by reason of such partial
condemnation, and (iii) such net proceeds are not sufficient to cover the cost of such repairs,
then Tenant shall have the right to terminate this Lease by giving notice thereof to the Successor
within fifteen (15) days after the date that the Successor gives Tenant notice that the Successor
does not intend to perform such repairs),

          (F) bound by any amendment or modification of this Lease made without the consent of the
Mortgagee or the Lessor, as the case may be, or

          (G) bound to return the Letter of Credit until the Letter of Credit has come into the
Successor’s actual possession and Tenant is entitled to the Letter of Credit pursuant to the terms
of this Lease

(the aforesaid items in clause (A) through clause (G) above for which a Successor is not liable
being referred to herein as the “Successor Limitation Items”).

Any Nondisturbance Agreement may also contain other terms and conditions that are reasonably
required by the Mortgagee, or the Lessor, as the case may be, that do not (i) increase Tenant’s
monetary obligations under this Lease, (ii) adversely affect or diminish Tenant’s rights under this
Lease (except in either case to a de minimis extent), or (iii) increase Tenant’s other obligations
under this Lease (except to a de minimis extent). A Successor that is an Affiliate of the Person
that constitutes Landlord shall not have the right to include in a Nondisturbance Agreement the
Successor Limitation Items, or such other terms and conditions.

     13.3. Attornment. 

          (A) If, at any time prior to the Expiration Date, a Successor succeeds to Landlord’s interest
in the Real Property, then Tenant, at the Successor’s election, shall attorn, from time to time, to
the Successor, in either case upon the then executory terms of this Lease, for the remainder of the
Term. If the Successor is not an Affiliate of the Person that constituted

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Landlord immediately prior to such Successor’s obtaining an interest in the Premises, then the
Successor shall not have liability for the Successor Limitation Items from and after the date that
Tenant so attorn to the Successor.

          (B) The provisions of this Section 13.3 shall apply notwithstanding that, as a matter of law,
this Lease terminates upon the termination of any Superior Lease or the foreclosure of a Mortgage.
No further instrument shall be required to give effect to Tenant’s attorning to a Successor as
contemplated by this Section 13.3. Tenant, however, upon demand of any Successor, shall execute,
from time to time, instruments, in a recordable form and in a form reasonably satisfactory to the
Successor, confirming the foregoing provisions of this Section 13.3. A Mortgagee or a Lessor shall
have the right to include such provisions in a Nondisturbance Agreement. Nothing contained in this
Section 13.3 limits the obligations of the Successor under a Nondisturbance Agreement.

     13.4. Amendments to this Lease. 

     Tenant shall execute and deliver, from time to time, amendments to this Lease, promptly after
Landlord’s request, to the extent that (x) such amendments are reasonably required by a Mortgagee
or a Lessor that in either case is not an Affiliate of Landlord (or are reasonably required by a
proposed Mortgagee or proposed Lessor that in either case is not an Affiliate of Landlord and that
consummates the applicable Mortgage or the applicable Superior Lease contemporaneously with
Tenant’s execution and delivery of such amendment hereof), and (y) Landlord gives to Tenant
reasonable evidence to the effect that such Mortgagee or Lessor requires such amendments; provided,
however, that Tenant shall not be required to agree to any such amendments to this Lease that (i)
increase Tenant’s monetary obligations under this Lease, (ii) adversely affect or diminish Tenant’s
rights under this Lease (except in either case to a de minimis extent), or (iii) increase Tenant’s
other obligations under this Lease (except to a de minimis extent).

     13.5. Tenant’s Estoppel Certificate. 

     Tenant, within ten (10) Business Days after Landlord’s request from time to time (but not more
frequently than three (3) times in any particular period of twelve (12) months), shall deliver to
Landlord a written statement executed by Tenant, in form reasonably satisfactory to Landlord, (1)
stating that this Lease is then in full force and effect and has not been modified (or if this
Lease is not in full force and effect, stating the reasons therefor, or if this Lease is modified,
setting forth all modifications), (2) setting forth the date to which the Fixed Rent, the
Escalation Rent and other items of Rental have been paid, (3) stating whether, to the actual
knowledge of Tenant (without having made any investigation), Landlord is in default under this
Lease, and, if Landlord is in default, setting forth the specific nature of all such defaults, and
(4) stating any other matters reasonably requested by Landlord and related to this Lease. Tenant
acknowledges that any such statement that Tenant delivers to Landlord pursuant to this Section 13.5
may be relied upon by (x) any purchaser or owner of the Real Property or any interest therein
(including, without limitation, any Lessor), or (y) any Mortgagee.

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     13.6. Landlord’s Estoppel Certificate. 

     Landlord, within ten (10) Business Days after Tenant’s request from time to time (but not more
frequently than three (3) times in any particular period of twelve (12) months), shall deliver to
Tenant a written statement executed by Landlord, in form reasonably satisfactory to Tenant, (i)
stating that this Lease is then in full force and effect and has not been modified (or if this
Lease is not in full force and effect, stating the reasons therefor, or if this Lease is modified,
setting forth all modifications), (ii) setting forth the date to which the Fixed Rent, the
Escalation Rent and any other items of Rental have been paid, (iii) stating whether, to the actual
knowledge of Landlord (without having made any investigation), Tenant is in default under this
Lease, and, if Tenant is in default, setting forth the specific nature of all such defaults, and
(iv) stating any other matters reasonably requested by Tenant and related to this Lease. Landlord
acknowledges that any statement delivered by Landlord to Tenant pursuant to this Section 13.6 may
be relied upon by (w) any Person that extends credit to Tenant, (x) any assignee of Tenant’s
interest hereunder, (y) any subtenant of all or any part of the Premises, or (z) any Person that
acquires Control of Tenant (provided that such assignment, sublease or transfer of Control is
accomplished in a manner that complies with the provisions of Article 16 hereof).

     13.7. Rights to Cure Landlord’s Default. 

     If (x) a Superior Lease or Mortgage exists, (y) the Lessor or Mortgagee is not an Affiliate of
Landlord, and (z) Landlord gives Tenant notice thereof, then Tenant shall not seek to terminate
this Lease by reason of Landlord’s default hereunder until Tenant has given written notice of such
default to such Lessor or such Mortgagee in either case at the address that has been furnished to
Tenant. If any such Lessor or Mortgagee notifies Tenant, within ten (10) Business Days after the
date that such Lessor or Mortgagee receives such notice from Tenant, that such Lessor or Mortgagee
intends to remedy such act or omission of Landlord, then Tenant shall not have the right to so
terminate this Lease unless such Lessor or Mortgagee fails to remedy such act or omission of
Landlord within a reasonable period of time after the date that such Lessor or Mortgagee gives such
notice to Tenant (it being understood that such Lessor or Mortgagee shall not have any liability to
Tenant for the failure of such Lessor or Mortgagee to so remedy such act or omission of Landlord
during such period).

     13.8. Zoning Lot Merger Agreement. 

     Tenant hereby waives irrevocably any rights that Tenant may have in connection with any zoning
lot merger or transfer of development rights with respect to the Real Property, including, without
limitation, any rights that Tenant may have to be a party to, to contest, or to execute any
Declaration of Restrictions (as such term is used in Section 12-10 of the Zoning Resolution of The
City of New York effective December 15, 1961, as amended) with respect to the Real Property, which
would cause the Premises to be merged with or unmerged from any other zoning lot pursuant to such
Zoning Resolution or to any document of a similar nature and purpose. Tenant agrees that this
Lease shall be subject and subordinate to any Declaration of Restrictions or any other document of
similar nature and purpose now or hereafter affecting the Real Property (it being understood,
however, that Landlord shall not permit such Declaration of Restrictions or any such other document
to impair Tenant’s rights hereunder, or expand Tenant’s obligations hereunder, except, in either
case, to a de minimis extent). In confirmation of such

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subordination and waiver, Tenant, from time to time, shall execute and deliver promptly any
certificate or instrument that Landlord reasonably requests.

     13.9. Tenant’s Financial Statements.

     Subject to the terms of this Section 13.9, Tenant shall provide to Landlord (a) the balance
sheet of Tenant and each Predecessor Tenant (if any) in either case dated as of the last day of
each fiscal year (to the extent that the last day of each such fiscal year occurs during the Term),
(b) the income statement of Tenant and each Predecessor Tenant (if any) for each such fiscal year
that occurs, in whole or in part, during the Term, and (c) the statement of changes in financial
condition of Tenant and each Predecessor Tenant (if any) for each such fiscal year that occurs, in
whole or in part, during the Term, in each case on or prior to the one hundred twentieth
(120th) day after the last day of each such fiscal year (such financial statements being
collectively referred to herein as “Tenant’s Statements”). Tenant shall cause Tenant
Statements to be prepared in accordance with generally accepted accounting principles, or
international financial reporting standards, if and when the same may be adopted, in either case,
consistently applied. Landlord shall not disclose Tenant’s Statements to any third party, except
that Landlord may disclose Tenant’s Statements (i) to Persons that provide (or that propose to
provide), directly or indirectly, debt or equity capital to Landlord or Landlord’s Affiliates and
that provide Landlord with reasonable assurances that such Persons will maintain the
confidentiality of Tenant’s Statements, (ii) to Persons that purchase (or that propose to purchase)
the Real Property or any portion thereof and that provide Landlord with reasonable assurances that
such Persons will maintain the confidentiality of Tenant’s Statements, (iii) to Lessors (or
prospective Lessors) that provide Landlord with reasonable assurances that such Lessors (or
prospective Lessors) will maintain the confidentiality of Tenant’s Statements, (iv) to Persons that
provide professional services for Landlord (such as, for example, Landlord’s attorneys and
accountants) and that provide Landlord with reasonable assurances that such Persons will maintain
the confidentiality of Tenant’s Statements, (v) to the extent required by law, (vi) to the extent
reasonably required by Landlord in enforcing Landlord’s rights hereunder, and (vii) to the extent
that Tenant’s Statements are otherwise available to the general public. Tenant shall not have any
obligation to provide Tenant’s Statements to Landlord as provided in this Section 13.9 during the
period that (x) the stock of Tenant is publicly traded on a recognized stock exchange, and (y)
Tenant’s Statements are available to the general public under filings that Tenant makes with the
Securities and Exchange Commission.

Article 14 

INSURANCE

     14.1. Tenant’s Insurance. 

          (A) Tenant, at Tenant’s expense, shall obtain and keep in full force and effect (i) an
insurance policy for Tenant’s Property and the Specialty Alterations, in either case to the extent
insurable under the available standard forms of “all-risk” insurance policies, in an amount equal
to one hundred percent (100%) of the replacement value thereof (subject, however, at Tenant’s
option, to a reasonable deductible) (the insurance policy described in this clause (i) being
referred to herein as “Tenant’s Property Policy”), (ii) a policy of worker’s compensation

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insurance, to the extent required by law (such policy being referred to herein as
“Tenant’s Worker’s Compensation Policy”), and (iii) a policy of commercial general
liability and property damage insurance on an occurrence basis, with a broad form contractual
liability endorsement (the insurance policy described in this clause (iii) being collectively
referred to herein as “Tenant’s Liability Policy”). Tenant’s Property Policy and Tenant’s
Liability Policy shall name Tenant as the insured. Tenant’s Liability Policy shall name the
Landlord Indemnitees as additional insureds thereunder.

          (B) Tenant’s Liability Policy shall contain a provision that (a) no act or omission of Tenant
shall affect or limit the obligation of the insurer to pay the amount of any loss sustained, and
(b) the policy is non-cancelable with respect to the Landlord Indemnitees unless at least thirty
(30) days of advance written notice is given to Landlord, except that Tenant’s Liability Policy may
be cancelable on no less than ten (10) days of advance written notice to Landlord for non-payment
of premium. If Tenant receives any notice of cancellation or any other notice from the insurance
carrier which may adversely affect the coverage of the insureds under Tenant’s Property Policy or
Tenant’s Liability Policy, then Tenant shall immediately deliver to Landlord a copy of such notice.
The minimum amounts of liability under Tenant’s Liability Policy shall be a combined single limit
with respect to each occurrence in the amount of Five Million Dollars ($5,000,000) for injury (or
death) to persons and damage to property, which minimum amount Landlord may increase from time to
time to the amount of insurance that in Landlord’s reasonable judgment is then being customarily
required by prudent landlords of first-class buildings in the vicinity of the Building from tenants
leasing space similar in size, nature and location to the Premises.

          (C) Tenant shall cause Tenant’s Liability Policy, Tenant’s Worker’s Compensation Policy and
Tenant’s Property Policy to be issued by reputable and independent insurers that are (x) permitted
to do business in the State of New York, and (y) rated in Best’s Insurance Guide, or any successor
thereto, as having a general policyholder rating of A and a financial rating of at least XII (it
being understood that if such ratings are no longer issued, then such insurer’s financial integrity
shall conform to the standards that constitute such ratings from Best’s Insurance Guide as of the
date hereof).

          (D) Tenant has the right to satisfy Tenant’s obligation to carry Tenant’s Liability Policy
with an umbrella insurance policy if such umbrella insurance policy contains an aggregate per
location endorsement that provides the required level of protection for the Premises. Tenant has
the right to satisfy Tenant’s obligation to carry Tenant’s Property Policy with a blanket insurance
policy if such blanket insurance policy provides, on a per occurrence basis, that a loss that
relates to any other location does not impair or reduce the level of protection available for the
Premises below the amount required by this Lease.

     14.2. Landlord’s Insurance. 

          (A) Subject to the terms of this Section 14.2, Landlord shall obtain and keep in full force
and effect insurance against loss or damage by fire and other casualty to the Building, to the
extent insurable on commercially reasonable terms under then available standard forms of “all-risk”
insurance policies, in an amount equal to one hundred percent (100%) of the replacement value
thereof or, at Landlord’s option, in such lesser amount as will avoid co-

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insurance (such insurance being referred to herein as “Landlord’s Property Policy”).
Tenant acknowledges that (i) Landlord’s Property Policy may encompass rent insurance, (ii) the
risks that Landlord’s Property Policy covers may include, without limitation, fire, war, terrorism,
environmental matters, and flood, and (iii) Landlord may also obtain a commercial general liability
insurance policy.

          (B) Landlord shall not be liable to Tenant for any failure to insure any Alterations unless
Tenant notifies Landlord of the completion of such Alterations and the cost thereof, and maintains
adequate records with respect to such Alterations to facilitate the adjustment of any insurance
claims with respect thereto. Landlord shall have the right to provide that the coverage of
Landlord’s Property Policy is subject to a reasonable deductible. Tenant shall cooperate with
Landlord and Landlord’s insurance companies in the adjustment of any claims for any damage to the
Building or the Alterations. Landlord shall not be required to carry insurance on Tenant’s
Property or the Specialty Alterations. Landlord shall not be required to carry insurance against
any loss suffered by Tenant due to the interruption of Tenant’s business.

     14.3. Mutual Waiver of Subrogation. 

          (A) Subject to the provisions of this Section 14.3, Landlord and Tenant shall each obtain an
appropriate clause in, or endorsement on, Landlord’s Property Policy or Tenant’s Property Policy
(as the case may be) pursuant to which the insurance companies waive subrogation or consent to a
waiver of right of recovery. Landlord and Tenant also agree that, having obtained such clauses or
endorsements of waiver of subrogation or consent to a waiver of right of recovery, they shall not
make any claim against or seek to recover from the Landlord Indemnitees or the Tenant Indemnitees
(as the case may be) for any loss or damage to its property or the property of others resulting
from fire or other hazards covered by Landlord’s Property Policy or Tenant’s Property Policy (as
the case may be); provided, however, that the release, discharge, exoneration and covenant not to
sue herein contained shall be limited by and be coextensive with the terms and provisions of the
waiver of subrogation clause or endorsements or clauses or endorsements consenting to a waiver of
right of recovery.

          (B) If the payment of an additional premium is required for the inclusion of a waiver of
subrogation provision as described in Section 14.3(A) hereof, then each party shall advise the
other party of the amount of any such additional premiums and the other party at its own election
may, but shall not be obligated to, pay such additional premium. If (x) Tenant is the party that
elects to pay such additional premium to include such a waiver in Landlord’s Property Policy, and
(y) other tenants in the Building make concurrently a similar election, then the aforesaid amount
that Tenant is obligated to pay to Landlord on account of such additional premium shall be only the
portion thereof that Landlord allocates equitably to Tenant. If such other party does not elect to
pay such additional premium, then the party whose insurer is charging the additional premium shall
not be required to obtain such waiver of subrogation provision.

          (C) If either party is unable to obtain the inclusion of such waiver of subrogation provision
even with the payment of an additional premium, then such party shall attempt to name the other
party as an additional insured (but not a loss payee) under the applicable insurance policy. If
the payment of an additional premium is required for naming the

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other party as an additional insured (but not a loss payee), then such party shall advise the
other of the amount of any such additional premium and the other party at its own election may, but
shall not be obligated to, pay such additional premium. If (x) Tenant is the party that elects to
pay such additional premium to name Tenant as an additional insured (but not as loss payee), and
(y) other tenants in the Building make concurrently a similar election, then the aforesaid amount
that Tenant is obligated to pay to Landlord on account of such additional premium shall be only the
portion thereof that Landlord allocates equitably to Tenant. If such other party does not elect to
pay such additional premium or if it is not possible to have the other party named as an additional
insured (but not loss payee), even with the payment of an additional premium, then (in either
event) the party whose insurer refuses to include such waiver of subrogation provision shall so
notify the other party and such party shall not have the obligation to name the other party as an
additional insured.

     14.4. Evidence of Insurance. 

     On or prior to the Commencement Date, each party shall deliver to the other party appropriate
certificates of insurance required to be carried by the parties pursuant to this Article 14,
including evidence of waivers of subrogation and naming of additional insureds in either case as
required by Section 14.3 hereof. Each party shall deliver to the other party evidence of each
renewal or replacement of a policy at least twenty (20) days prior to the expiration of such
policy.

     14.5. No Concurrent Insurance. 

     Tenant shall not obtain any property insurance (under Tenant’s Property Policy or otherwise)
that covers the property that is covered by Landlord’s Property Policy.

     14.6. Tenant’s Obligation to Comply with Landlord’s Fire and Casualty Insurance. 

     If (i) Tenant (or any other Person claiming by, through or under Tenant) uses the Premises for
any purpose other than Permitted Uses (as the case may be), and (ii) the use of the Premises by
Tenant (or such other Person) causes the premium for Landlord’s Property Policy to exceed the
premium that would have otherwise applied therefor if Tenant (or such Person) used the Premises for
the Permitted Uses, then Tenant shall pay to Landlord, as additional rent, an amount equal to such
excess, on or prior to the thirtieth (30th) day after the date that Landlord gives to Tenant an
invoice therefor, together with reasonable supporting documentation for the charges set forth
therein. Nothing contained in this Section 14.6 expands Tenant’s rights under Article 3 hereof.

Article 15 

CASUALTY

     15.1. Notice. 

     Tenant shall notify Landlord promptly of any fire or other casualty that occurs in the
Premises.

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     15.2. Landlord’s Restoration Obligations. 

     Subject to the terms of this Section 15.2, Landlord, with reasonable diligence, shall repair
the damage to (i) the Premises (including, without limitation, the Alterations), (ii) the Building
Systems that service the Premises, and (iii) the common elements of the Building that Tenant uses
to gain access to the Premises, in each case to the extent caused by fire or other casualty. The
restoration work to be performed by Landlord shall include, without limitation, any portion of
Landlord’s Work that Landlord did not Substantially Complete on the date that the fire or other
casualty occurred. Landlord shall commence the performance of such repairs as promptly as
reasonably practicable after the occurrence of such fire or other casualty. Landlord shall use
commercially reasonable efforts to perform such repairs diligently, in a good and workmanlike
manner, and in a manner that minimizes to the extent reasonably practicable interference with
Tenant’s use and occupancy of any portion of the Premises that remains tenantable. Landlord shall
not be required to restore Tenant’s Property or the Specialty Alterations. Landlord shall not be
required to commence such restoration until Tenant gives Landlord the notice described in Section
15.1 hereof (unless Landlord otherwise has received actual notice of the fire or other casualty).
Landlord shall not be obligated to restore any Alterations unless (i) Tenant has Substantially
Completed the performance thereof, (ii) Tenant has given Landlord notice to the effect that Tenant
has Substantially Completed such Alterations, (iii) Tenant has given Landlord notice of the cost
incurred by Tenant in performing such Alterations, and (iv) Tenant has maintained records with
respect to such Alterations in a form that allows Landlord to make a full insurance recovery
therefor under Landlord’s Property Policy. If (x) Tenant, as part of the Initial Alterations,
demolishes all or a material part of the interior installation that exists in the Applicable Space
on the Applicable Commencement Date, and (y) the Applicable Space (including any Alterations) is
damaged by fire or other casualty at any time prior to the date that Tenant Substantially Completes
the Initial Alterations therein, then Landlord’s obligation to repair the Applicable Space (and any
Alterations) shall be limited to (w) the performance of Landlord’s Work (to the extent that the
performance of Landlord’s Work remains feasible after such fire or other casualty), (x) the part of
the Building Systems serving the Applicable Space on the Applicable Commencement Date, but not the
distribution portions of such Building Systems located within the Applicable Space, (y) the floor
and ceiling slabs of the Applicable Space, and (z) the exterior walls of the Applicable Space, all
to substantially the same condition that existed on the Applicable Commencement Date. Landlord
shall have the right to adapt the restoration of the Premises as contemplated by this Section 15.2
to comply with applicable Requirements that are then in effect. Landlord shall not be obligated to
restore the Applicable Space as provided in this Section 15.2 to the extent that this Lease
terminates by reason of such fire or other casualty as provided in this Article 15.

     15.3. Rent Abatement. 

          (A) Subject to Section 15.3(A) hereof, the Fixed Rent and the Escalation Rent that is
otherwise due and payable hereunder for an Applicable Space shall be reduced in the proportion that
the number of square feet of Rentable Area of the part of the Applicable Space that is not usable
or accessible by Tenant by reason of such fire or other casualty bears to the total Rentable Area
of the Applicable Space immediately prior to such fire or other casualty, for the period commencing
on the date of such fire or other casualty and ending on the date that

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Landlord Substantially Completes the restoration described in Section 15.2 hereof or the
applicable portion of the Premises becomes accessible, as the case may be.

          (B) If (i)(x) fifty percent (50%) or more of the Rentable Area of the entire Premises or (y)
one hundred percent (100%) of the Premises located on the fifth (5th) floor of the
Building, is rendered untenantable by reason of a fire or other casualty, (ii) in Tenant’s good
faith judgment Tenant cannot use the tenantable portion of the Premises for the conduct of Tenant’s
business in a manner which is consistent with Tenant’s use during the thirty (30) day period prior
to such fire or other casualty, and (iii) Tenant actually ceases to use the entire Premises for the
conduct of its business, then the entire Premises shall be deemed to be untenantable. Landlord
shall give Tenant no less than ten (10) Business Days of prior notice of Landlord’s Substantial
Completion of its repairs pursuant to Section 15.2(B) hereof.

          (C) If a fire or other casualty occurs in an Applicable Space after the Applicable
Commencement Date and prior to the Applicable Rent Commencement Date, then the aggregate abatement
of Fixed Rent and the Escalation Rent to which Tenant is entitled as contemplated by Section
15.3(A) hereof (from and after the Applicable Rent Commencement Date) shall be an amount equal to
the aggregate abatement of Fixed Rent and the Escalation Rent to which Tenant would have been
entitled under Section 15.3(A) hereof if the Applicable Rent Commencement Date had occurred
immediately prior to such fire or other casualty.

     15.4. Landlord’s Termination Right. 

     If the Building is so damaged by fire or other casualty that, in Landlord’s opinion,
substantial alteration, demolition, or reconstruction of the Building is required (regardless of
whether the Premises have been damaged or rendered untenantable), then Landlord may terminate this
Lease by giving Tenant notice thereof on or prior to the ninetieth (90th) day after such fire or
other casualty; provided, however, that if the Premises are not substantially damaged or rendered
substantially untenantable by such fire or other casualty, then Landlord may not so terminate this
Lease unless Landlord elects to terminate leases (including this Lease) affecting at least
seventy-five percent (75%) of the leasable area of the Building (excluding any portion of the
Building leased to or occupied by Landlord or Landlord’s Affiliates). If Landlord elects to
terminate this Lease as aforesaid, then (I) the Term shall expire on a date set by Landlord that
(A) is not sooner than (i) the tenth (10th) day after the date that Landlord gives such notice (if
all or substantially all of the Premises is rendered untenantable by such fire or other casualty),
and (ii) the ninetieth (90th) day after the date that Landlord gives such notice (if less than all
or substantially all of the Premises is rendered untenantable by such fire or other casualty), and
(B) is not later than the first (1st) anniversary of the date on which such fire or
other casualty occurs, and (II) Tenant, on such date set by Landlord, shall vacate the Premises and
surrender the Premises to Landlord in accordance with the terms of this Lease that govern Tenant’s
obligations upon the expiration or earlier termination of the Term. Upon the termination of this
Lease under this Section 15.4, the Rental shall be apportioned and any prepaid portion of the
Rental for any period after the date that the abatement of Rental as described in Section 15.3
hereof becomes effective shall be refunded promptly by Landlord to Tenant (and Landlord’s
obligation to make such refund shall survive the Expiration Date).

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     15.5. Tenant’s Termination Right. 

          (A) Landlord, within forty-five (45) days after the earlier to occur of (x) the date that
Tenant gives Landlord notice of the occurrence of a fire or other casualty as contemplated by
Section 15.1 hereof, and (y) the date that Landlord otherwise has actual notice of such fire or
other casualty, shall give to Tenant a statement prepared by a reputable and independent contractor
setting forth such contractor’s reasonable estimate as to the time required for Landlord to
Substantially Complete the restoration described in Section 15.2 hereof (such statement that
Landlord gives to Tenant being referred to herein as the “Casualty Statement”); provided,
however, that Landlord shall not be required to give Tenant a Casualty Statement if Landlord has
theretofore exercised Landlord’s right to terminate this Lease under Section 15.4 hereof. Tenant
shall be deemed to have accepted conclusively the reasonableness of the Casualty Statement unless
Tenant objects thereto by giving notice thereof to Landlord on or prior to the tenth
(10th) Business Day after the date that Landlord give the Casualty Statement to Tenant.
Either party shall have the right to submit to an Expedited Arbitration Proceeding a dispute
between the parties regarding the reasonableness of the Casualty Statement after Tenant objects
thereto as aforesaid. If the estimated time period (as finally determined) exceeds twelve (12)
months from the date of the applicable fire or other casualty, then Tenant may elect to terminate
this Lease by giving notice to Landlord not later than the thirtieth (30th) day after the date that
Landlord gives the Casualty Statement to Tenant, or the date that the estimated time period is
finally determined, as the case may be. If Tenant makes such election to so terminate this Lease,
then the Term shall expire on the thirtieth (30th) day after Tenant gives such notice to Landlord.

          (B) This Lease shall terminate if (i) a fire or other casualty occurs, and, by reason thereof,
Landlord has an obligation to perform a restoration as contemplated by Section 15.2 hereof, (ii)
Tenant does not exercise Tenant’s right to terminate this Lease under Section 15.5(A) hereof in
connection with such fire or other casualty (or Tenant does not have the right to terminate this
Lease under Section 15.5(A) hereof in connection with such fire or other casualty), (iii) Landlord
fails to Substantially Complete the performance of the restoration work that Landlord is required
to perform on or prior to the date that is sixty (60) days after the last day of the estimated time
period set forth in the Casualty Statement (the date described in this clause (iii) being referred
to herein as the “Second Bite Date”), (iv) Tenant gives Landlord notice no earlier than the
Second Bite Date to the effect that this Lease will terminate under this Section 15.5(B) if
Landlord fails to Substantially Complete the restoration within sixty (60) days after the Second
Bite Date, and (v) Landlord fails to Substantially Complete the restoration within sixty (60) days
after the Second Bite Date.

          (C) If the Term terminates as provided in this Section 15.5, then (I) Tenant shall vacate the
Premises and surrender the Premises to Landlord on the date of such termination “as is” and
otherwise in accordance with the terms of this Lease that govern Tenant’s obligations upon the
expiration or earlier termination of the Term, (II) any Rental due hereunder shall be apportioned
as of the date of such termination, and (III) any portion of the Rental that is then prepaid by
Tenant and relates to the period after the date that the abatement of Rental as described in
Section 15.3 hereof becomes effective shall be promptly refunded by Landlord to Tenant (with the
understanding that Landlord’s obligation to make any such refund shall survive such termination of
this Lease).

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     15.6. Termination Rights at End of Term. 

     Subject to the terms of this Section 15.6, if the Premises are substantially damaged by a fire
or other casualty that occurs during the period of eighteen (18) months immediately preceding the
Fixed Expiration Date, or the last day of the Renewal Term, as the case may be, then either
Landlord or Tenant may elect to terminate this Lease by notice given to the other party within
thirty (30) days after such fire or other casualty occurs. If either party makes such election,
then the Term shall expire on the thirtieth (30th) day after the notice of such election is given,
and, accordingly, Tenant, on or prior to such thirtieth (30th) day, shall vacate the Premises and
surrender the Premises to Landlord in accordance with the provisions of this Lease that govern
Tenant’s obligation to deliver vacant and exclusive possession of the Premises to Landlord upon the
expiration of the Term. Upon the termination of this Lease under this Section 15.6, the Rental
shall be apportioned and any prepaid portion of the Rental for any period after the Expiration Date
shall be refunded promptly by Landlord to Tenant (and Landlord’s obligation to make such refund
shall survive the Expiration Date). For purposes of this Section 15.6, the term “substantially
damaged” shall mean that: (a) a fire or other casualty precludes Tenant from using more than
thirty percent (30%) of the Premises for the conduct of its business, and (b) Tenant’s inability to
so use the Premises (or the applicable portion thereof) is reasonably expected to continue until at
least the earlier to occur of (i) the Fixed Expiration Date, or the last day of the Renewal Term,
as the case may be, and (ii) the two hundred seventieth (270th) day after the date that such fire
or other casualty occurs. If (x) the Premises are substantially damaged by a fire or other
casualty that occurs during the period of eighteen (18) months immediately preceding the Fixed
Expiration Date, and (y) Landlord exercises Landlord’s right to terminate this Lease under this
Section 15.6, then Tenant shall have the right to make Landlord’s aforesaid termination ineffective
by exercising the Renewal Option within ten (10) Business Days after the date that Landlord
exercises Landlord’s aforesaid right to terminate this Lease under this Section 15.6 (as to which
period of ten (10) Business Days time shall be of the essence) (it being understood, however, that
nothing contained in this Section 15.6 (I) extends the date by which Tenant has the right to
exercise the Renewal Option pursuant to Article 20 hereof, or (II) limits Landlord’s right to
terminate this Lease under Section 15.4 hereof).

     15.7. No Other Termination Rights. 

     Tenant shall have no right to cancel this Lease by virtue of a fire or other casualty except
to the extent specifically set forth herein. This Article 15 is intended to constitute an “express
agreement to the contrary” for purposes of Section 227 of the New York Real Property Law.

Article 16 

CONDEMNATION

     16.1. Effect of Condemnation. 

          (A) Subject to the provisions of Section 16.2 hereof, if the entire Real Property, the entire
Building or the entire Premises is condemned or otherwise acquired by the exercise of the power of
eminent domain, then this Lease shall terminate as of the date that such condemnation or
acquisition is consummated.

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          (B) If only a part of the Real Property and not the entire Premises is so acquired or
condemned, then:

          (1) except as hereinafter provided in this Section 16.1, this Lease shall remain effective,
and, from and after the date that the condemnation or acquisition is consummated, (w) the Fixed
Rent for the Applicable Space or the Applicable Spaces, as the case may be, that are affected by
such acquisition or condemnation shall be reduced in the proportion that the number of square feet
of Rentable Area of the part of such Applicable Space or such Applicable Spaces so acquired or
condemned bears to the total Rentable Area of such Applicable Space or such Applicable Spaces
immediately prior to such acquisition or condemnation, (x) Tenant’s Tax Share for such Applicable
Space or such Applicable Spaces shall be redetermined based upon the proportion that the number of
square feet of Rentable Area of such Applicable Space or such Applicable Spaces that is remaining
after such acquisition or condemnation bears to the number of square feet of Rentable Area of the
Building that is remaining after such acquisition or condemnation, and (y) Tenant’s Office
Premises Operating Expense Share shall be redetermined based upon the proportion that the number of
square feet of Rentable Area of the Office Premises remaining after such acquisition or
condemnation bears to the number of square feet of Rentable Area of the Building remaining after
such acquisition or condemnation (other than any retail portion of the Building);

          (2) on or prior to the sixtieth (60th) day after the date that the condemnation or acquisition
is consummated, Landlord shall have the right to terminate this Lease by giving notice to Tenant if
either (i) at least fifty percent (50%) of the Usable Area of the Premises is so acquired or
condemned, or (ii) Landlord terminates leases (including this Lease) for at least seventy-five
percent (75%) of the Usable Area of the Building (excluding any portion of the Building leased to
or occupied by Landlord or Landlord’s Affiliates); and

          (3) if (a) (x) fifty percent (50%) or more of the Rentable Area of the entire Premises or (y)
one hundred percent of the Premises located on the fifth (5th) floor of the Building is
so aquired or condemned, or (b) by reason of such acquisition or condemnation, Tenant no longer has
reasonable means of access to the Premises, then Tenant may elect to terminate this Lease by giving
notice to Landlord on or prior to the sixtieth (60th) day after the date that Tenant is given
notice of such acquisition or condemnation being consummated.

The Term shall expire on the thirtieth (30th) day after the date that Landlord or Tenant give any
such notice to terminate this Lease.

          (C) Landlord shall refund to Tenant, promptly after the date that such taking or acquisition
becomes effective, any Rental that Tenant has theretofore paid for the Premises (or the applicable
portion thereof that is so taken or acquired) to the extent that such Rental is properly allocable
to the period after the date that such taking or acquisition becomes effective (and Landlord’s
obligation to make such refund shall survive the Expiration Date).

          (D) If this Lease terminates pursuant to the provisions of this Section 16.1, then the Rental
for the portion of the Premises that is not taken or acquired shall be apportioned as of the
termination date. Landlord shall refund promptly to Tenant any Rental that Tenant has

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theretofore paid for any period after the date that such termination becomes effective (and
Landlord’s obligation to make such refund shall survive the Expiration Date).

          (E) If a part of the Premises is so acquired or condemned and this Lease and the Term is not
terminated pursuant to the foregoing provisions of this Section 16.1, then Landlord, at Landlord’s
expense, shall restore the part of the Premises that is not so acquired or condemned to a
self-contained rental unit inclusive of Alterations that Tenant has theretofore Substantially
Completed, except that if such acquisition or condemnation occurs prior to the Substantial
Completion of the Initial Alterations, then Landlord shall only be required to restore the part of
the Premises not so acquired or condemned to a self-contained rental unit exclusive of any
Alterations.

     16.2. Condemnation Award. 

     Subject to Section 16.3 hereof, Landlord shall be entitled to receive the entire award for any
such acquisition or condemnation of all or any part of the Real Property. Tenant shall have no
claim against Landlord or the condemning authority for the value of any unexpired portion of the
Term, and, accordingly, Tenant hereby expressly assigns to Landlord all of its right in and to any
such award. Nothing contained in this Section 16.2 shall be deemed to prevent Tenant from making a
separate claim in any condemnation proceedings for the value of any Tenant’s Property included in
such taking, for any moving expenses or for the costs incurred by Tenant in performing the Initial
Alterations (prior to Tenant’s Substantial Completion thereof) in the portion of the Premises that
is not so condemned or acquired.

     16.3. Temporary Taking. 

     If the whole or any part of the Premises is acquired or condemned temporarily during the Term,
then (a) Tenant shall give prompt notice thereof to Landlord, (b) the Term shall not be reduced or
affected in any way, (c) Tenant shall continue to pay in full all items of Rental payable by Tenant
hereunder without reduction or abatement, and (d) Tenant shall be entitled to receive for itself
any award or payments for such use, provided, however, that if the acquisition or condemnation is
for a period extending beyond the Term, then such award or payment shall be apportioned equitably
between Landlord and Tenant. Tenant, at Tenant’s expense, shall make Alterations to restore the
Premises to the condition existing prior to any such temporary acquisition or condemnation.

Article 17 

ASSIGNMENT AND SUBLETTING

     17.1. General Limitations. 

          (A) Subject to the terms of this Article 17, without the prior consent of Landlord in each
instance, Tenant shall not, and Tenant shall not permit any other Permitted Party to, consummate a
Transfer. The term “Transfer” shall mean:

          (1) (a) an assignment of a Permitted Party’s rights under, or a delegation of such Permitted
Party’s duties under, the applicable Occupancy Agreement by express assignment

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or by operation of law or by other means, (b) a mortgage or other encumbrance of such
Permitted Party’s interest in the applicable Occupancy Agreement, in whole or in part, (c) a
subletting, or further subletting, of the Premises or any part thereof, or (d) the occupancy of the
Premises or any part thereof by any Person other than such Permitted Party; and

          (2) any transaction that modifies or supplements (or further modifies or supplements) an
Occupancy Agreement to decrease the rental that is payable thereunder, to change the premises that
is demised thereby, or to change the term thereof, in either case in any material respect (it being
understood that (i) a termination or cancellation of an Occupancy Agreement shall not constitute a
Transfer for purposes hereof, and (ii) such modification or supplement shall be treated for
purposes hereof as a transaction on the terms of such Occupancy Agreement, as so modified or
supplemented, for the balance of the term thereof).

          (B) The term “Occupancy Agreement” shall mean the lease, sublease, license or other
agreement pursuant to which a Permitted Party has the right to occupy the Premises (or the
applicable portion thereof).

          (C) The term “Permitted Party” shall mean Tenant and any other Person that has the
right to occupy the Premises (or any part thereof) in accordance with the terms of this Article 17
(other than a Person that has the right to occupy the Premises (or the applicable part thereof) by
virtue of Landlord’s exercising Landlord’s rights under Section 17.3 hereof).

          (D) Subject to Section 17.9 hereof, the transfer of Control in a Permitted Party, however
accomplished, whether in a single transaction or in a series of unrelated or related transactions,
shall constitute an assignment of such Permitted Party’s interest in the applicable Occupancy
Agreement for purposes of this Article 17.

          (E) The consent by Landlord to any Transfer shall not relieve Tenant from its obligation to
obtain the prior consent of Landlord to any other Transfer to the extent required by this Lease.

          (F) The assignment by any Person that constitutes Tenant of the tenant’s interest under this
Lease shall not relieve such Person of the obligations of the tenant under this Lease. Such
Person’s liability under this Lease shall continue notwithstanding (x) the subsequent release of
any other Person that constitutes Tenant from liability under this Lease, (y) any limitation on any
such other Person’s liability hereunder by virtue of the Bankruptcy Code, or (z) any modification
or amendment of this Lease that Landlord consummates with any such other Person that constitutes
Tenant subsequently; provided, however, that if such other Person is not an Affiliate of such
Person, then any such modification or amendment shall not expand such Person’s liability hereunder.

          (G) Notwithstanding anything to the contrary contained herein, Tenant shall not, and Tenant
shall not permit any other Permitted Party to, enter into any lease, sublease, license, concession
or other agreement for use or occupancy of the Premises or any portion thereof which provides for a
rental or other payment for such use or occupancy based in whole or in part on the net income or
profits derived by any Person from the property leased, occupied or used, or which would require
the payment of any consideration that would not qualify as “rents

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from real property,” as that term is defined in Section 856(d) of the Internal Revenue Code of
1986, as amended.

          (H) If Tenant assigns the tenant’s interest under this Lease in violation of the terms of this
Article 17, then such assignment shall be void and of no force and effect against Landlord;
provided, however, that Landlord (x) may collect an amount equal to the then Rental from the
assignee as a fee for such assignee’s use and occupancy, and (y) shall apply the net amount
collected to the Rental reserved in this Lease. If the Premises or any part thereof are sublet to,
occupied by, or used by any Person other than Tenant (regardless of whether such subletting,
occupancy or use violates this Article 17), then Landlord (a) after the occurrence of an Event of
Default, may collect amounts from the subtenant, user or occupant as a fee for its use and
occupancy, and (b) shall apply the net amount collected to the Rental reserved in this Lease. No
such assignment, subletting, occupancy or use, with or without Landlord’s prior consent, nor any
such collection or application of fees for use and occupancy, shall (i) be deemed a waiver by
Landlord of any term, covenant or condition of this Lease, (ii) be deemed the acceptance by
Landlord of such assignee, subtenant, occupant or user as tenant hereunder, or (iii) relieve Tenant
of the obligations of the tenant under this Lease.

     17.2. Landlord’s Expenses. 

     Tenant shall reimburse Landlord for a reasonable processing fee, any reasonable Out-of-Pocket
Costs that Landlord incurs in connection with any proposed Transfer, including, without limitation,
reasonable attorneys’ fees and disbursements, and the reasonable costs of making investigations as
to the acceptability of the proposed Transferee, within thirty (30) days after Landlord gives to
Tenant an invoice therefor together with reasonable supporting documentation for the charges set
forth therein.

     17.3. Recapture Procedure. 

          (A) Tenant shall have the right to institute the procedure described in this Section 17.3 (the
“Recapture Procedure”) only by giving to Landlord notice thereof (a “Transfer
Notice”), which:

          (1) identifies the Permitted Party that proposes to make the Transfer (the Permitted Party
that makes a Transfer being referred to herein as the “Transferor”),

          (2) refers expressly to this Section 17.3 and indicates that such notice constitutes a
Transfer Notice,

          (3) sets forth a description of the Premises (or the portion thereof) that is involved in the
proposed Transfer (the Premises, or the portion thereof, that is involved in the proposed Transfer
being referred to herein as the “Recapture Space”), Landlord and Tenant agree for purposes
of this Article 17 the Rentable Area thereof shall be determined using a twenty-seven percent (27%)
loss factor,

          (4) sets forth the material terms under which the Transferor intends to consummate the
Transfer (including, for example, (a) the rental to be paid by a subtenant, (b) the consideration
to be paid by or to an assignee, (c) the work allowance to which a subtenant is

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entitled, (d) the term of a proposed sublease, and (e) the nature and cost of any work that
the Transferor intends to perform to prepare the Recapture Space for occupancy by the subtenant or
assignee), and

          (5) sets forth the date on which the Transferor proposes that the term of a Transfer that
constitutes a sublease, license or other similar agreement that grants occupancy rights will
commence, or that a Transfer that constitutes an assignment will occur, as the case may be (such
date being referred to herein as the “Transfer Date”) (it being understood that, subject to
the terms of this Section 17.3(A), the Transfer Date shall be no sooner than forty-five (45) days,
and no later than two hundred seventy (270) days, after the date that Tenant gives the Transfer
Notice to Landlord) (the material terms of a proposed Transfer as set forth in the Transfer Notice
being referred to herein as the “Proposed Transfer Terms”).

Tenant shall not be required to identify, in the Transfer Notice, the Person to which Tenant
intends to make the Transfer (the Person to which a Transfer is made being referred to herein as a
“Transferee”).

          (B) The term “Transfer Expenses” shall mean the actual Out-of-Pocket Costs that the
Transferor pays solely in consummating a Transfer, including, without limitation, (i) brokerage
commissions, (ii) allowances that a Transferor makes available to the Transferee to fund the cost
of Alterations that the Transferee makes to the Applicable Space (or the applicable portion thereof
that is involved in the Transfer), (iii) costs that a Transferor pays in making Alterations to
prepare the Applicable Space (or the applicable portion thereof that is involved in the Transfer)
solely for the Transferee’s initial occupancy, (iv) the amount payable to Landlord under Section
17.2 hereof for such Transfer, (v) reasonable attorneys’ fees and disbursements that a Transferor
pays in connection with consummating such Transfer, (vi) the transfer taxes (and other similar
charges and fees) that Tenant pays pursuant to Section 17.7 hereof (vii) advertising and marketing
costs that the Transferor incurs in connection with such Transfer and (viii) if the applicable
Occupancy Agreement grants to the Transferee a free rent period, the aggregate amount of rental
that such Transferee would have paid to Transferor in the absence of such free rent period.

          (C) The term “Amortized Transfer Expenses” shall mean, with respect to any period, the
amount of the Transfer Expenses that amortize during such period if the Transfer Expenses are
amortized, in equal monthly installments, with interest calculated at the Base Rate, over the term
of the applicable Transfer.

          (D) The term “Recapture Date” shall mean the forty-fifth (45th) day after
the date that Tenant gives the Transfer Notice to Landlord; provided, however, that if (i) the
Transferor has theretofore received a bona fide written offer that then remains effective from a
prospective Transferee, (ii) the net economic benefit to the Transferor of the terms of such bona
fide written offer is no less than ninety percent (90%) of the net economic benefit of the Proposed
Transfer Terms to the Transferor, (iii) Tenant gives to Landlord a copy of such written offer
(either simultaneously with the Transfer Notice or any time thereafter until the forty-fifth (45th)
day after the date that Tenant gives the Transfer Notice to Landlord), and (iv) Tenant notifies
Landlord that Tenant intends to accelerate the Recapture Date as provided in this Section 17.3(D),
then the Recapture Date shall be the earlier to occur of (I) the forty-fifth (45th) day after

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the date that Tenant gives the Transfer Notice to Landlord, and (II) the thirtieth (30th) day
after the date that Tenant gives to Landlord a copy of such written offer and such notice.

          (E)

          (1) If (x) Tenant gives a Transfer Notice to Landlord, and (y) the Transfer described in the
Transfer Notice constitutes a sublease (or a further sublease) for the Recapture Space with respect
to which the term thereof expires prior to the date that is twelve (12) months before the Fixed
Expiration Date (any sublease (or further sublease) that expires before such date being referred to
herein as a “Short-Term Sublease”), then Landlord shall have the right to sublease (or to
cause the Recapture Subtenant to sublease) the Recapture Space from the Transferor, on the terms
set forth in this Section 17.3(E), by giving notice thereof (the “Recapture Sublease
Notice”) to Tenant not later than the Recapture Date (as to which date time shall be of the
essence) (any such sublease of the Recapture Space that Landlord elects to consummate under this
Section 17.3(E) being referred to herein as a “Recapture Sublease”).

          (2) If Landlord gives a Recapture Sublease Notice to Tenant, then Tenant shall (or Tenant
shall cause the Transferor to), and Landlord shall (or Landlord shall cause the Recapture Subtenant
to), consummate a Recapture Sublease for the Recapture Space on the following terms:

               (a) Landlord shall give to Tenant, within ten (10) Business Days after the date that Landlord
gives to Tenant the Recapture Sublease Notice, a proposed sublease that conforms with the terms set
forth in this Section 17.3(E) and is otherwise on the terms set forth in this Lease. Tenant shall
execute and deliver (or cause the applicable Transferor to execute and deliver) such sublease
promptly after Landlord’s submission thereof to Tenant. Landlord shall execute and deliver (or
cause the Recapture Subtenant to execute and deliver) such sublease promptly after Tenant delivers
to Landlord the counterpart thereof that is executed by Tenant or the Transferor (as the case may
be).

               (b) Landlord shall have the right to designate that the subtenant under the Recapture Sublease
is a Person other than Landlord (the Person that constitutes the subtenant under a Recapture
Sublease being referred to herein as the “Recapture Subtenant”); provided, however, in such
instance, if such Person is not Landlord then Landlord shall guaranty to Tenant the obligations of
such Person under the Recapture Sublease.

               (c) The rental payable by the Recapture Subtenant to the Transferor shall be calculated on
either of the following methods, as designated by Landlord (with the understanding that Landlord
shall be deemed to have elected clause (i) below if Landlord does not designate otherwise in the
Recapture Sublease Notice):

                    (i) the excess of (I) the rental that would have been payable by the Transferee for the
applicable calendar month as contemplated by the Proposed Transfer Terms, over (II) the Amortized
Transfer Expenses for such month that would have resulted from the Proposed Transfer Terms;

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                    (ii) the Fixed Rent and the Escalation Rent that is due under this Lease for the Applicable
Space or the Applicable Spaces, as the case may be (or the applicable portion thereof) that
constitutes the Recapture Space (for purposes hereof, the Escalation Rent with respect to the
Office Premises shall be deemed to be the product of (x) the quotient obtained by dividing (I) the
aggregate amount of the Escalation Rent due, as calculated from time to time, with respect to the
Office Premises by (II) the Rentable Area of the Office Premises and (y) the Rentable Area of the
Applicable Space or the Applicable Spaces, as the case may be); or

                    (iii) if the Transferor is not Tenant, the rental that is payable for the Recapture Space by
the Transferor under the Occupancy Agreement (other than this Lease) through which the Transferor
derives its interest in the Recapture Space.

               (d) The term of the Recapture Sublease shall commence on the Transfer Date and shall extend
for the term set forth in the Transfer Notice as part of the Proposed Transfer Terms (with the
understanding that the Recapture Subtenant shall have the right to extend the term of the Recapture
Sublease for a term that corresponds, or for terms that correspond, to any renewal right or renewal
rights that are set forth in the Transfer Notice as part of the Proposed Transfer Terms).

               (e) If, during the term of the Recapture Sublease (or during the period that the Recapture
Subtenant, or any Person claiming by, through or under the Recapture Subtenant, remains in
occupancy of the Applicable Space or the Applicable Spaces, as the case may be (or the applicable
portion thereof) that constitutes the Recapture Space after the term of the Recapture Sublease
expires or earlier terminates), an event or circumstance occurs that is attributable to the
Recapture Subtenant (or a Person claiming by, through or under the Recapture Subtenant), then such
event or circumstance shall not constitute a default by Tenant hereunder (and, accordingly, Tenant
shall not have liability to Landlord in connection therewith).

               (f) Tenant shall have the right to offset against the Rental due hereunder an amount equal to
the rental that the Recapture Subtenant fails to pay when due to the Transferor.

               (g) The Recapture Subtenant (and any Person claiming by, through or under the Recapture
Subtenant), during the term of the Recapture Sublease, shall have the right to make alterations to
the Recapture Space; provided, however, that the Recapture Subtenant shall be required to restore
the Recapture Space upon the expiration of the term of the Recapture Sublease to the extent
required by the applicable Proposed Transfer Terms.

               (h) If the Recapture Space does not constitute the entire Premises and the Proposed Transfer
Terms contemplated a separate demise thereof, then Tenant, at Tenant’s expense, shall cause the
Recapture Space to be demised separately from the remainder of the Premises on or prior to the
Transfer Date (except that Landlord shall so demise the Recapture Space separately from the
remainder of the Premises, at Landlord’s cost, to the extent provided in the applicable Proposed
Transfer Terms).

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               (i) The Recapture Subtenant shall have the right to further sublease the Recapture Space, or
assign the Recapture Subtenant’s rights as subtenant under the Recapture Sublease, to any third
party, without Tenant having any rights to consent thereto or to receive additional payments from
the Recapture Subtenant in connection therewith.

               (j) The Recapture Subtenant shall not have the right to receive from the Transferor any free
rent, tenant improvement allowance or other similar concession that constitutes part of the
Proposed Transfer Terms.

          (3) If Landlord does not exercise its rights under this Section 17.3(E), or under 17.3(G) of
this Lease with respect to a transaction that constitutes a sublease for the Recapture Space, then
Tenant shall not be permitted to sublet (or further sublet) the Recapture Space to a third party
without again complying with all of the provisions of this Section 17.3 and re-submitting a
Transfer Notice with respect to such Recapture Space to Landlord if (x) one hundred eighty (180)
days have elapsed since Tenant gave Landlord the initial Transfer Notice with respect to the
Recapture Space or (y) the net economic benefit to Tenant of the Proposed Transfer Terms has
decreased by ten percent (10%) in connection with such proposed Transfer.

          (F)

          (1) If (x) Tenant gives a Transfer Notice to Landlord, and (y) the Transfer described in the
Transfer Notice constitutes the assignment of a subtenant’s interest under a Short-Term Sublease
(any such assignment being referred to herein as a “Short-Term Assignment”), then Landlord
shall have the right to take the subtenant’s interest in such Short Term Sublease by assignment (or
to cause the Recapture Assignee to take the subtenant’s interest in such Short-Term Sublease by
assignment) from the applicable Transferor, on the terms set forth in this Section 17.3(F), by
giving notice thereof (the “Recapture Assignment Notice”) to Tenant not later than the
Recapture Date (as to which date time shall be of the essence) (any such assignment of the
subtenant’s interest in a Short-Term Sublease that Landlord elects to consummate under this Section
17.3(F) being referred to herein as a “Recapture Assignment”).

          (2) If Landlord gives a Recapture Assignment Notice to Tenant, then Tenant shall cause the
Transferor to, and Landlord shall (or Landlord shall cause the Recapture Assignee to), consummate a
Recapture Assignment of the subtenant’s interest under the applicable Short-Term Sublease on the
following terms:

               (a) Landlord shall give to Tenant, within twenty (20) days after the date that Landlord gives
to Tenant the Recapture Assignment Notice:

                    (i) a proposed assignment, pursuant to which the Transferor assigns the subtenant’s interest
under the applicable Short-Term Sublease to Landlord (or to a Recapture Assignee, as the case may
be), on the terms set forth in this Section 17.3(F) and otherwise on reasonable terms, and

                    (ii) a proposed amendment, between the Person that constitutes the lessor under the applicable
Short-Term Sublease and the Recapture Assignee, pursuant to which the parties agree to amend such
Short-Term Sublease to constitute a Recapture Sublease

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for the balance of the term thereof (as if Landlord had exercised Landlord’s rights to
consummate a Recapture Sublease at the time that Tenant submitted a Transfer Notice to Landlord for
such Short-Term Sublease initially), effective as of the date that the Transferor and the Recapture
Assignee consummate the Recapture Assignment.

               (b) Tenant shall cause the Transferor to execute and deliver the assignment described in
Section 17.3(F)(2)(a)(i) hereof promptly after Landlord’s submission thereof to Tenant. Tenant
shall (or Tenant shall cause the aforesaid lessor to) execute and deliver the amendment described
in Section 17.3(F)(2)(a)(ii) hereof promptly after Landlord’s submission thereof to Tenant.
Landlord shall execute and deliver (or cause the Recapture Assignee to execute and deliver) such
assignment and such amendment promptly after Tenant’s delivery to Landlord of the counterparts
thereof that the Transferor and Tenant (or such other lessor) have executed.

               (c) Landlord shall have the right to designate that the assignee of the subtenant’s interest
under the applicable Short-Term Sublease is a Person other than Landlord (the Person that
constitutes such assignee being referred to herein as the “Recapture Assignee”); provided,
however, in such instance, if such Person is not Landlord then Landlord shall guaranty to Tenant
the obligations of such Person under the Short-Term Sublease.

               (d) The Recapture Assignment (and the aforesaid amendment to the Short-Term Sublease) shall be
effective as of the Transfer Date.

               (e) The Recapture Assignee shall not have the right to receive from the Transferor any
consideration (which constituted an element of the Proposed Transfer Terms) to induce the Recapture
Assignee to take by assignment the subtenant’s interest under the applicable Short-Term Sublease.

               (f) Tenant shall pay to Landlord, on the Transfer Date, an amount equal to the sum of:

                    (i) the present value of the consideration (if any) that would have been payable by the
Transferor to the Transferee under the Proposed Transfer Terms for the Short-Term Assignment
(calculated as of the Transfer Date using a discount rate equal to the Base Rate), and

                    (ii) the excess, if any, of (I) the present value of the Transfer Expenses that the Transferor
would have incurred under the Proposed Transfer Terms for the Short-Term Assignment, over (II) the
present value of the consideration (if any) that would have been payable by the Transferee to the
Transferor under the Proposed Transfer Terms for the Short-Term Assignment (in either case
calculated as of the Transfer Date using a discount rate equal to the Base Rate).

          (G)

          (1) If (x) Tenant gives a Transfer Notice to Landlord, and (y) the Transfer described in the
Transfer Notice constitutes either a sublease for the Recapture Space for the entire Term or an
assignment (other than a Short-Term Assignment), then Landlord shall have

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the right to terminate this Lease with respect to the Recapture Space, on the terms set forth
in this Section 17.3(G), by giving notice thereof (the “Recapture Termination Notice”) to
Tenant not later than the Recapture Date (any such termination of this Lease with respect to the
Recapture Space being referred to herein as a “Recapture Termination”); it being understood
that for purposes hereof, a sublease other than a Short-Term Sublease shall be deemed a sublease
which extends for the entire Term.

          (2) If (x) Landlord gives to Tenant a Recapture Termination Notice, and (y) the Recapture
Space constitutes the entire Premises, then the Term shall terminate on the Transfer Date. If the
Term so terminates on the Transfer Date, then Tenant, on the Transfer Date, shall vacate the
Premises and deliver exclusive possession thereof to Landlord in accordance with the terms of this
Lease that govern Tenant’s obligations upon the expiration or earlier termination of the Term.

          (3) If (x) Landlord gives to Tenant a Recapture Termination Notice, and (y) the Recapture
Space does not constitute the entire Premises, then:

               (a) if the Proposed Transfer Terms contemplated a separate demise thereof Tenant, at Tenant’s
expense, shall demise the Recapture Space separately from the remainder of the Premises on or prior
to the Transfer Date (except that Landlord shall so demise the Recapture Space separately from the
remainder of the Premises, at Landlord’s cost, to the extent provided in the applicable Proposed
Transfer Terms),

               (b) effective as of the Transfer Date, both of Tenant’s Office Premises Operating Expense
Shares shall be redetermined on a pro-rata basis based on the ratio that (I) the number of square
feet of Rentable Area of the Office Premises that remains after excluding therefrom the Recapture
Space, bears to (II) the number of square feet of Rentable Area of the Building (other than any
retail portion thereof); for example, during the period prior to April 1, 2021, if the Rentable
Area of the Office Premises is 50,000 rentable square feet after excluding the Recapture Space
therefrom, Tenant’s Office Premises Operating Share with respect to the Minority Portion of the
Premises would be one and two hundred eighty-five thousandths percent (1.285%) and Tenant’s Office
Premises Operating Share with respect to the Majority Portion of the Premises would be one and
three thousand five ten thousandths percent (1.3005%). The aforesaid shares were obtained by
calculating the quotient of (I) the product obtained by multiplying (x) the quotient of (i) the
number of rentable square feet in the Minority Portion of the Office Premises or the Majority
Portion of the Office Premises, as the case may be, divided by (ii) the total Rentable Area of the
Office Premises by (y) the number of square feet of Rentable Area of the Office Premises that
remains after excluding the Recapture Space therefrom, divided by (II) the number of square feet of
Rentable Area of the Building (other than the retail portion);

               (c) effective as of the Transfer Date, Tenant’s Tax Share for the Applicable Space or the
Applicable Spaces where the Recapture Space is located shall be redetermined based on the ratio
that (I) the number of square feet of Rentable Area of the Applicable Space or the Applicable
Spaces that remains after excluding therefrom the Recapture Space, bears to (II) the number of
square feet of Rentable Area of the Building (including,

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without limitation, the retail portion thereof) (it being understood, however, that both of
Tenant’s Tax Shares with respect to the Office Premises, as the case may, shall be adjusted on a
pro-rata basis, in accordance with the terms hereof; for example, during the period prior to April
1, 2021, if the Rentable Area of the Office Premises is 50,000 rentable square feet after excluding
the Recapture Space therefrom, Tenant’s Office Premises Tax Share with respect to the Minority
Portion of the Premises would be one and one thousand seven hundred eighty-seven ten thousandths
percent (1.1787%) and Tenant’s Office Premises Tax Share with respect to the Majority Portion of
the Premises would be one and one thousand nine hundred twenty-nine ten thousandths percent
(1.1929%). The aforesaid shares were obtained by calculating the quotient of (I) the product
obtained by multiplying (x) the quotient of (i) the number of rentable square feet in the Minority
Portion of the Office Premises or the Majority Portion of the Office Premises, as the case may be,
divided by (ii) the total Rentable Area of the Office Premises by (y) the number of square feet of
Rentable Area of the Office Premises that remains after excluding the Recapture Space therefrom,
divided by (II) the number of square feet of Rentable Area of the Building (including, without
limitation, the retail portion thereof).

               (d) the Fixed Rent as set forth in Article 2 hereof from and after the Transfer Date shall be
reduced by an amount equal to the Fixed Rent that would have been due under this Lease for the
Applicable Space or the Applicable Spaces, as the case may be (or the applicable portion thereof)
that constitutes the Recapture Space, and

               (e) Tenant, on the Transfer Date, shall vacate the Recapture Space and deliver exclusive
possession thereof to Landlord in accordance with the terms of this Lease that govern Tenant’s
obligations upon the expiration or earlier termination of the Term; and

               (f) effective as of the Transfer Date, the references in this Lease to the Premises shall be
deemed to be references to the Premises (other than the Recapture Space).

          (4) If (x) Landlord elects to consummate a Recapture Termination, and (y) the Transfer
described in the applicable Transfer Notice constitutes a sublease or sublicense (or a further
sublease or sublicense), then Tenant shall pay to Landlord, as additional rent, on the first day of
each calendar month during the period from the Transfer Date to the date that the term of such
sublease or sublicense would have expired under the Proposed Transfer Terms, an amount equal to the
excess (if any) of:

               (a) the Fixed Rent and the Escalation Rent that would have otherwise been due under this Lease
since the Transfer Date for the Applicable Space or the Applicable Spaces (or the applicable
portion thereof that constitutes the Recapture Space) (for purposes hereof, the Escalation Rent
with respect to the Office Premises shall be deemed to be the product of (x) the quotient obtained
by dividing (I) the aggregate amount of the Escalation Rent due, as calculated from time to time,
with respect to the Office Premises by (II) the Rentable Area of the Office Premises and (y) the
Rentable Area of the Applicable Space or the Applicable Spaces, as the case may be), over

               (b) either of the amounts described below, as designated by Landlord in the Recapture
Termination Notice (with the understanding that Landlord shall be deemed to have so designated
clause (i) below unless Landlord otherwise sets forth in the Recapture

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Termination Notice, unless the Transferor is Tenant, in which case Landlord shall be deemed to
have so designated clause (ii) below, regardless of whether Landlord makes a designation in the
Recapture Termination Notice):

                    (i) if the Transferor is not Tenant, the sum of (I) the rental that would have otherwise been
payable for the Recapture Space since the Transfer Date by the Transferor under the Occupancy
Agreement (other than this Lease) through which the Transferor derives its interest in the
Recapture Space, and (II) the amounts theretofore paid by Tenant to Landlord under this Section
17.3(G)(4) in respect of such Recapture Termination, and

                    (ii) the sum of (A) the excess of (I) the rental that would have been payable by the
Transferee since the Transfer Date as contemplated by the Proposed Transfer Terms, over (II) the
Amortized Transfer Expenses under the Proposed Transfer Terms that would have theretofore accrued,
and (B) the amounts theretofore paid by Tenant to Landlord under this Section 17.3(G)(4) in respect
of such Recapture Termination.

Tenant’s obligation to pay such amount to Landlord shall survive the termination of this Lease (or
the termination of this Lease only with respect to the Recapture Space, as the case may be).

          (5) If (x) Landlord elects to consummate a Recapture Termination, and (y) the Transfer
described in the applicable Transfer Notice constitutes an assignment of the Transferor’s interest
under the applicable Occupancy Agreement, then Tenant shall pay to Landlord the sum of:

               (a) the present value of the consideration (if any) that would have been payable by the
Transferor to the Transferee under the Proposed Transfer Terms (calculated as of the Transfer Date
using a discount rate equal to the Base Rate),

               (b) the excess, if any, of (I) the present value of the Transfer Expenses that the Transferor
would have incurred under the Proposed Transfer Terms, over (II) the present value of the
consideration (if any) that would have been payable by the Transferee to the Transferor under the
Proposed Transfer Terms (in either case calculated as of the Transfer Date using a discount rate
equal to the Base Rate), and

               (c) if the Transferor is not Tenant, the excess (if any) of:

                    (i) the present value of the Fixed Rent and the Escalation Rent that would have otherwise been
due under this Lease for each calendar month from and after the Transfer Date for the Applicable
Space or the Applicable Spaces (or the applicable portion thereof) that constitutes the Recapture
Space (calculated as of the Transfer Date using a discount rate equal to the Base Rate)(for
purposes hereof, the Escalation Rent with respect to the Office Premises shall be deemed to be the
product of (x) the quotient obtained by dividing (I) the aggregate amount of the Escalation Rent
due, as calculated from time to time, with respect to the Office Premises by (II) the Rentable Area
of the Office Premises and (y) the Rentable Area of the Applicable Space or the Applicable Spaces,
as the case may be), over

                    (ii) the present value of the rental that would have otherwise been payable for the Recapture
Space for such calendar month by the Transferor under the

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Occupancy Agreement (other than this Lease) through which the Transferor derives its interest
in the Recapture Space (calculated as of the Transfer Date using a discount rate equal to the Base
Rate).

Tenant shall pay the amounts described in clauses (a) and (b) above on the Transfer Date. Tenant
shall pay the amount described in clause (c) above on the first day of each calendar month from the
Transfer Date to the date that the term of the proposed Occupancy Agreement with respect to which
Landlord exercised Landlord’s rights to consummate a Recapture Termination would have expired.
Tenant’s obligation to pay such amounts to Landlord shall survive the termination of this Lease (or
the termination of this Lease only with respect to the Recapture Space, as the case may be).

          (H) If Landlord does not exercise its option under Section 17.3(G) of this Lease, with respect
to a proposed Transfer which constitutes an assignment then (I) Tenant shall not be permitted to
assign this Lease to a third party (as the case may be) without again complying with all of the
provisions of this Section 17.3 and re-submitting a Transfer Notice to Landlord if (i) one hundred
eighty (180) days have elapsed since Tenant gave Landlord the initial Transfer Notice with respect
to such assignment or (ii) the net economic benefit to Tenant of the Proposed Transfer Terms has
decreased by ten percent (10%) or more in connection with such proposed Transfer.

     17.4. Certain Transfer Rights. 

     Subject to Section 17.9 hereof, Landlord shall not unreasonably withhold, condition or delay
Landlord’s consent to a Permitted Party’s consummating a Transfer, provided that:

          (A) Tenant has theretofore instituted the Recapture Procedure for such Transfer;

          (B) Landlord’s right to elect to consummate a Recapture Sublease, a Recapture Assignment or a
Recapture Termination (as the case may be) with respect to the proposed Transfer has lapsed
(without Landlord’s having exercised Landlord’s rights to consummate a Recapture Sublease, a
Recapture Assignment or a Recapture Termination (as the case may be));

          (C) the net economic benefit of the Transfer to the Transferor is no less than ninety percent
(90%) of the net economic benefit of the Proposed Transfer Terms to the Transferor;

          (D) the Transfer occurs not later than the one hundred eightieth (180th) day after the
Transfer Date;

          (E) Tenant submits to Landlord a counterpart of the documents that the Transferor intends to
use to consummate the proposed Transfer, which have been executed and delivered by the proposed
Transferor and the proposed Transferee, and which are subject to no conditions to the effectiveness
thereof (other than Landlord’s granting Landlord’s consent thereto and Landlord’s consummating a
Recognition Agreement with a Transferee that is a subtenant as provided in Section 17.10 hereof);

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          (F) the Premises (or the applicable portion thereof) has not been listed or otherwise publicly
advertised at a rental rate that is less than the prevailing rental rate set by Landlord for
comparable space in the Building, or, if there is no comparable space, the prevailing rental rate
reasonably determined by Landlord (it being agreed that nothing contained in this clause (F)
prohibits a Permitted Party from (I) consummating a Transfer at a rental rate that is less than
such prevailing rate, or (II) disseminating broker’s fliers or other marketing materials that
indicate that the rental rate for the Premises (or the applicable portion thereof) is available
upon request);

          (G) no Event of Default has occurred and is continuing;

          (H) the proposed Transferee has a financial standing (taking into consideration the
obligations of the Transferee under the applicable Occupancy Agreement) that is reasonably
satisfactory to Landlord (it being understood that if the proposed Transferee has a net worth equal
to or greater than twelve (12) times the annual Fixed Rent and Escalation Rent payable under such
Occupancy Agreement and Tenant provides Landlord with reasonable evidence thereof, then such
Transferee shall be deemed to be reasonably satisfactory to Landlord);

          (I) the proposed Transferee is of a character, is engaged in a business, and proposes to use
the Premises (or the applicable portion thereof) in a manner that in each case is in keeping with
the standards of a first-class office building in the vicinity of the Building;

          (J) if Landlord has or within six (6) months thereafter reasonably expects to have space
available in the Building that is reasonably comparable to the Premises (or the portion thereof
involved in the Transfer), the proposed Transferee, or any Affiliate of the proposed Transferee,
does not occupy any space in the Building;

          (K) if Landlord has or within six (6) months thereafter reasonably expects to have space
available in the Building that is reasonably comparable to the Premises (or the portion thereof
involved in the Transfer), neither the proposed Transferee, nor an Affiliate of the proposed
Transferee, is a Person with whom Landlord is then engaged in bona fide negotiations regarding the
leasing or subleasing of space in the Building;

          (L) after taking into account the proposed Transfer, there will not exist more than (x) four
(4) spaces in the portion of the Premises as demised on the date hereof located on the fourth
(4th) floor, (y) four (4) spaces in the portion of the Premises as demised on the date
hereof located on the fifth (5th) floor, or (z) more than two (2) spaces in the
Supplemental Space, that in each case, are separately demised in any material respect;

          (M) the proposed Transferee does not violate the provisions of that certain lease between
Landlord and Cushman & Wakefield Inc. that are attached hereto as Exhibit “17.3”;

          (N) the Transferor and each other Permitted Party (if any) whose interest is superior to the
interest of the Transferor, and the Transferee, executes and delivers to Landlord a consent to the
Transfer in a form reasonably designated by Landlord;

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          (O) if the Transfer constitutes an assignment of the tenant’s interest under this Lease, the
assignee has expressly assumed all of the obligations of Tenant hereunder to the extent accruing
from and after the date that the Transfer is effective; and

          (P) if the Transfer constitutes a sublease (or a further sublease), such sublease provides
expressly that (i) such sublease is subject and subordinate to the Lease (and to the terms
thereof), and (ii) if this Lease terminates, then Landlord, at Landlord’s option, may take over all
of the right, title and interest of the Transferor under such sublease, and the Transferee, at
Landlord’s option, shall attorn to Landlord pursuant to the then executory provisions of such
sublease, except that Landlord shall not be:

          (1) liable for any act or omission of the Transferor under such sublease (except for any such
acts or omissions that (x) continue after the date that Landlord succeeds to the interest of the
Transferor under such sublease, and (y) may be remedied by the providing a service or performing a
repair),

          (2) subject to any defense or offsets which the Transferee may have against the Transferor
that accrue prior to the date that Landlord succeeds to the interest of the Transferor,

          (3) bound by any previous payment that the Transferee made to the Transferor more than thirty
(30) days in advance of the date that such payment was due,

          (4) bound by any obligation to make any payment to or on behalf of the Transferee that accrues
prior to the date that Landlord succeeds to the interest of the Transferor under such sublease,

          (5) bound by any obligation to perform any work or to make improvements to the Premises, or
the applicable portion thereof demised by such sublease (other than the obligation to perform
maintenance, repairs or restoration that in each case first becomes necessary from and after the
date that Landlord succeeds to the interest of the Transferor under such sublease) (with the
understanding, however, that if (I) the Premises, or the applicable portion thereof, is damaged by
fire or other casualty, or affected by condemnation, prior to the date that Landlord succeeds to
the interest of the Transferor under such sublease, (II) Landlord would have otherwise been
required to perform the restoration of the Premises, or the applicable portion thereof, that is
required by virtue of such fire or other casualty, or such condemnation, in accordance with the
terms hereof, and (III) Landlord does not elect to perform such restoration by giving notice
thereof to the subtenant on or prior to the tenth (10th) day after the date that
Landlord so succeeds, then such subtenant shall have the right to terminate such sublease (and such
subtenant’s obligation to so attorn to Landlord, as aforesaid) by giving notice thereof to Landlord
within ten (10) days after the last day of such period of ten (10) days during which Landlord has
the right to give such notice to such subtenant),

          (6) bound by any amendment or modification of such sublease made without Landlord’s consent,
or

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          (7) bound to return the Transferee’s security deposit, if any, until such deposit has come
into Landlord’s actual possession and the Transferee is entitled to such security deposit pursuant
to the terms of such sublease (the requirements of a proposed sublease as set forth in this Section
17.4(P) being collectively referred to herein as the “Basic Sublease Provisions”).

Nothing contained in this clause (P) limits the provisions of a Recognition Agreement that Landlord
consummates with the applicable Transferee pursuant to Section 17.10 hereof.

     17.5. Preliminary Approval.

     Tenant shall have the right to submit to Landlord a statement that describes in reasonable
detail the basic terms of a proposed Transfer that a Permitted Party proposes to consummate, and
that identifies, and provides reasonable information that describes, the prospective Transferee
(any such statement being referred to herein as a “Term Sheet”). Landlord shall not
unreasonably withhold, condition or delay Landlord’s approval of the transaction described in the
Term Sheet, provided that the transaction as described therein satisfies the requirements set forth
in clauses (A), (B), (C), (D), (F), (G), (H), (I), (J), (K), (K), and (L), of Section 17.4 hereof.
Tenant acknowledges that the applicable Transfer shall remain subject to Landlord’s approval
pursuant to Section 17.4 hereof (except that the scope of Landlord’s review of the applicable
Transfer under Section 17.4 hereof shall be limited as provided in this Section 17.5). If (i)
Tenant gives to Landlord a Term Sheet in respect of a particular proposed Transfer as contemplated
by this Section 17.5, (ii) Landlord approves (or is deemed to have approved) such Transfer under
this Section 17.5, (iii) Tenant submits to Landlord a counterpart of the definitive documents that
the applicable Permitted Party proposes to use for the applicable Transfer within one hundred
eighty (180) days after the date that Tenant submits the Term Sheet to Landlord, and (iv) the terms
of such definitive documents are consistent in all material respects with the terms set forth in
the Term Sheet, then Landlord shall not have the right to withhold consent to the applicable
Transfer pursuant to clauses (A), (B), (C), (D), (F), (G), (H), (I), (J), (K), (K), and (L), of
Section 17.4 hereof (it being understood, however, that Landlord shall retain the right to object
to the proposed Transfer to the extent that the applicable Transfer does not satisfy the
requirements set forth in clauses (E), (N), (O) and (P) of Section 17.4 hereof). Landlord
acknowledges that Tenant has the right to give a Term Sheet to Landlord in respect of a particular
proposed Transfer prior to the Recapture Date (with the understanding, however, that nothing
contained in this Section 17.5 limits Landlord’s rights under Section 17.3 hereof).

     17.6. Deemed Approval.

     If (w) Tenant requests Landlord’s approval of a proposed Transfer as provided in Section 17.4
hereof or in Section 17.5 hereof and Landlord fails to respond to Tenant’s request within ten (10)
days after the date that Tenant gives Landlord notice thereof, (y) Tenant thereafter gives Landlord
a second notice which provides in bold and capital letters as follows: “FINAL NOTICE: LANDLORD’S
FAILURE TO RESPOND TO THIS REQUEST WITHIN FIVE (5) DAYS SHALL BE DEEMED CONSENT HERETO” and (z)
Landlord fails to respond to Tenant’s second request within five (5) days after the date that
Tenant gives Landlord such second notice, then Landlord shall be deemed to have approved Tenant’s
aforesaid request for purposes of Section 17.4 hereof or Section 17.5 hereof (as the case may be),
provided that Landlord’s approval shall not be deemed to be granted for purposes of Section 17.4
hereof

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unless the Transferor and each other Permitted Party (if any) whose interest is superior to the
interest of the Transferor, and the Transferee, executes and delivers to Landlord a consent to the
Transfer in a form reasonably designated by Landlord as provided in Section 17.4(N) hereof.

     17.7. Transfer Taxes. 

     Tenant shall pay any transfer taxes (and other similar charges and fees) that any Governmental
Authority imposes in connection with any Transfer (including, without limitation, any such transfer
taxes, charges or fees that a Governmental Authority imposes in connection with Landlord’s
exercising Landlord’s rights to consummate a Recapture Sublease, a Recapture Assignment or a
Recapture Termination (as the case may be)).

     17.8. Transfer Profit. 

          (A) Subject to the terms of this Section 17.8 and Section 17.9 hereof, after first recouping
one hundred percent (100%) of its Transfer Expenses for a given Transfer, Tenant shall pay as
additional rent to Landlord, on the first (1st) day of each calendar month during the
Term in the same manner as Fixed Rent, an amount equal to the excess of (I) fifty percent (50%) of
the Transfer Profit for each Transfer that is determined as of the last day of the immediately
preceding calendar month, over (II) the aggregate amount of the payments that Tenant has
theretofore paid to Landlord for such Transfer under this Section 17.8(A).

          (B)

          (1) The term “Transfer Profit” shall mean, with respect to any particular Transfer,
the excess (if any) of (x) the Transfer Inflow for such Transfer for the period beginning on the
first (1st) day of the term of the applicable Transfer (if such Transfer is a sublease
or sublicense) or the date that such Transfer becomes effective (if such Transfer is an assignment
of the tenant’s interest under this Lease or an assignment of the subtenant’s interest under a
sublease or a sublicense (or further sublease or sublicense)) (as the case may be), over (y) the
sum of (a) the Transfer Outflow for such Transfer for such period, and (b) the Transfer Expenses
for such Transfer for such period.

          (2) The term “Transfer Inflow” shall mean, with respect to any particular Transfer for
any particular period, the amount that the Transferor receives during such period from or on behalf
of the Transferee in connection with the applicable Transfer.

          (3) The term “Transfer Outflow” shall mean:

               (a) with respect to any Transfer that is a sublease or sublicense (or a further sublease or
sublicense), the aggregate amount that the Transferor pays during the applicable period for the
Applicable Space (or the applicable portion thereof that is involved in the Transfer) to the
counterparty under the Occupancy Agreement through which the Transferor derives its rights to the
Applicable Space (or the applicable portion thereof that is involved in the Transfer), and

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               (b) with respect to any Transfer that is an assignment of the tenant’s interest under this
Lease or the subtenant’s interest under a sublease or sublicense (or further sublease or
sublicense), zero.

          (C) If the Transferor (or an Affiliate thereof) receives in a transaction that occurs
concurrently with the applicable Transfer consideration from the Transferee (or an Affiliate
thereof) for the sale or lease of personal property or for services that the Transferor (or an
Affiliate thereof) agrees to provide for the Transferee (or an Affiliate thereof), then (I) the
Transfer Inflow shall include (in addition to the consideration that the Transferor receives for
the Transfer) an amount equal to such other consideration, and (II) the Transfer Outflow shall
include (in addition to the items that are otherwise includible in Transfer Outflow for purposes
hereof) (a) the cost that the Transferor (or such Affiliate thereof) incurs in acquiring the
personal property that the Transferor (or such Affiliate thereof) sells to the Transferee (or an
Affiliate thereof) in such concurrent transaction (to the extent that such cost has not theretofore
been amortized in accordance with generally accepted accounting principles or international
financial reporting standards, if and when the same may be adopted, as the case may be), (b) the
amortization of the cost that the Transferor (or such Affiliate thereof) incurs in acquiring any
personal property that the Transferor (or such Affiliate thereof) leases to the Transferee, or (c)
the cost that the Transferor (or an Affiliate thereof) incurs in providing such services, as the
case may be.

     17.9. Permitted Transfers. 

          (A) The term “Net Worth Assignment Requirement” shall mean the requirement that Tenant
has provided to Landlord, not later than the tenth (10th) Business Day after the
applicable assignment has been consummated, an audited balance sheet for the applicable Permitted
Party and the assignee that in either case is dated no earlier than the last day of the most
recently ended fiscal quarter (or the last day of the fiscal quarter that immediately precedes the
most recently ended fiscal quarter, if the applicable assignment occurs less than sixty (60) days
after the last day of the most recently ended fiscal quarter) and that reflects that the assignee’s
tangible net worth, as determined in accordance with generally accepted accounting principles or
international financial reporting standards, if and when the same may be adopted, in either case,
consistently applied, is not less than twelve (12) times the Fixed Rent then in effect hereunder
with respect to the Premises (or if the proposed Transfer is for less than the entire Premises, the
applicable portion thereof involved in the proposed Transfer).

          (B) A Permitted Party shall have the right to assign such Permitted Party’s entire interest
under the applicable Occupancy Agreement to an Affiliate of such Permitted Party without (x)
Landlord’s prior approval, (y) Landlord’s having the right to consummate a Recapture Termination or
a Recapture Assignment in respect thereof, and (z) Tenant’s being required to pay Transfer Profit
to Landlord in connection therewith, provided that in each case (i) Tenant gives to Landlord, not
later than the tenth (10th) Business Day after any such assignment is consummated, an instrument,
duly executed by such Permitted Party and the aforesaid Affiliate of such Permitted Party, in form
reasonably satisfactory to Landlord, to the effect that such Affiliate assumes all of the
obligations of such Permitted Party under such Occupancy Agreement to the extent arising from and
after the date of such assignment, and (ii) Tenant, with such notice, provides Landlord with
reasonable evidence to the effect that the Person to which

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such Permitted Party is so assigning such Permitted Party’s interest under such Occupancy
Agreement constitutes an Affiliate of such Permitted Party.

          (C) The merger or consolidation of a Permitted Party into or with another Person shall be
permitted without (x) Landlord’s prior approval, (y) Landlord’s having the right to consummate a
Recapture Termination or a Recapture Assignment in respect thereof, and (z) Tenant’s being required
to pay Transfer Profit to Landlord in connection therewith, provided that in each case (i) such
merger or consolidation is not principally for the purpose of transferring such Permitted Party’s
interest in the applicable Occupancy Agreement, (ii) Tenant gives Landlord notice of such merger or
consolidation not later than the tenth (10th) Business Day after the occurrence thereof, (iii)
Tenant, within ten (10) Business Days after such merger or consolidation, provides Landlord with
reasonable evidence that the requirement described in clause (i) above has been satisfied, and (iv)
the Net Worth Assignment Requirement is satisfied.

          (D) The assignment of a Permitted Party’s entire interest under the applicable Occupancy
Agreement in connection with the sale of (1) all or substantially all of the assets of such
Permitted Party or (2) the particular business unit of such Permitted Party that operates in the
Premises or a portion thereof, shall be permitted without (x) Landlord’s prior approval, (y)
Landlord’s having the right to consummate a Recapture Termination or a Recapture Assignment in
respect thereof, and (z) Tenant’s being required to pay Transfer Profit to Landlord in connection
therewith, provided that in each case (i) Tenant gives to Landlord, not later than the tenth (10th)
Business Day after any such assignment is consummated, an instrument, duly executed by such
Permitted Party and the Transferee, in form reasonably satisfactory to Landlord, to the effect that
such Transferee assumes all of the obligations of such Permitted Party to the extent arising under
the applicable Occupancy Agreement from and after the date of such assignment, (ii) such sale of
(1) all or substantially all of the assets or (2) such particular business unit of such Permitted
Party is not principally for the purpose of transferring such Permitted Party’s interest in such
Occupancy Agreement, (iii) Tenant, within ten (10) Business Days after such sale, provides Landlord
with reasonable evidence that the requirement described in clause (ii) above has been satisfied,
and (iv) the Net Worth Assignment Requirement is satisfied.

          (E) The direct or indirect transfer of shares or equity interests in a Permitted Party
(including, without limitation, the issuance of treasury stock, or the creation or issuance of a
new class of stock, in either case in the context of an initial public offering or in the context
of a subsequent offering of equity securities) shall be permitted without (x) Landlord’s prior
approval, (y) Landlord’s having the right to consummate a Recapture Termination or a Recapture
Assignment in respect thereof, and (z) Tenant’s being required to pay Transfer Profit to Landlord
in connection therewith, provided that in each case (i) such transfer is not principally for the
purpose of transferring the interest of such Permitted Party under the applicable Occupancy
Agreement, (ii) Tenant gives Landlord notice of such transfer not later than the tenth (10th)
Business Day after the occurrence thereof, and (iii) Tenant, within ten (10) Business Days after
the date that such transfer occurs, provides Landlord with reasonable evidence that the requirement
described in clause (i) has been satisfied (except that Tenant shall not be required to comply with
this clause (iii) to the extent that such direct or indirect transfer of shares or equity interests
is accomplished through the public “over-the-counter” securities market or through any recognized
stock exchange).

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          (F) A Permitted Party shall have the right to sublease or license (or further sublease or
sublicense) the Premises, or any portion thereof, to an Affiliate of such Permitted Party, without
(x) Landlord’s prior approval, (y) Landlord’s having the right to consummate a Recapture
Termination or a Recapture Sublease in respect thereof, and (z) Tenant’s being required to pay
Transfer Profit to Landlord in connection therewith, provided that in each case (i) Tenant gives to
Landlord a copy of such sublease or license, not later than the tenth (10th) Business Day after any
such sublease or license is consummated, (ii) Tenant, with such copy of such sublease or license,
provides Landlord with reasonable evidence to the effect that the Person to which such Permitted
Party is so subleasing or licensing the Premises or a portion thereof constitutes an Affiliate of
such Permitted Party, and (iii) such sublease includes the Basic Sublease Provisions.

          (G) If (I) (i) a Permitted Party assigns such Permitted Party’s entire interest under the
applicable Occupancy Agreement to an Affiliate of such Permitted Party, or (ii) a Permitted Party
subleases or licenses (or further subleases or sublicenses) all or part of the Premises to an
Affiliate of such Permitted Party, in either case without Landlord’s consent as provided in this
Section 17.9 and without paying to Landlord any Transfer Profit that derives therefrom, and (II)
the assignee or subtenant or sublicensee subsequently assigns the interest of such assignee or such
subtenant or sublicensee under the applicable Occupancy Agreement to a third party in a Transfer
that is not governed by the provisions of this Section 17.9 or further subleases or sublicenses all
or part of the Premises to a third party in a Transfer that is not governed by the provisions of
this Section 17.9, then, for purposes of calculating the Transfer Profit that is due to Landlord
for such subsequent assignment or sublease or sublicense, the parties shall assume that the
assignment or sublease or sublicense that the Permitted Party consummated without Landlord’s
approval under this Section 17.9 did not occur previously (and, accordingly, the parties, in
calculating Transfer Profit for such Transfer that is not governed by this Section 17.9, shall
include any Transfer Profit that resulted from the prior Transfer from the Permitted Party to its
Affiliate).

     17.10. Recognition Agreements. 

          (A) The term “Applicable Terms” shall mean all of the terms and conditions set forth
in this Lease, except that:

          (1) the annual Rental that is payable by the applicable subtenant at any time from and after
the Recognition Effective Date shall be an amount equal to the greater of (A) the rental that would
have been payable by the applicable subtenant under the Major Sublease at such time if the
applicable Major Sublease remained in effect, and (B) the product obtained by multiplying (I) the
quotient obtained by dividing (x) the Rental that would have been payable hereunder for the
Applicable Space or the Applicable Spaces that constitute the space demised by the applicable Major
Sublease at such time (assuming that this Lease had remained in effect), by (y) the number of
square feet of Rentable Area that would have comprised such Applicable Space or such Applicable
Spaces at such time (assuming that this Lease had remained in effect), by (II) the number of square
feet of Rentable Area comprising the space demised by such Major Sublease;

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          (2) both of Tenant’s Office Premises Operating Expense Shares shall be redetermined on a
pro-rata basis (as more specifically set forth in Section 17.3(G)(3)(a) hereof) based on the ratio
that (I) the number of square feet of Rentable Area of the Office Premises that constitutes the
space demised by the applicable Major Sublease, bears to (II) the number of square feet of Rentable
Area of the Building (other than any retail portion thereof),

          (3) Tenant’s Tax Share for the Applicable Space or the Applicable Spaces shall be redetermined
based on the ratio that (I) the number of square feet of Rentable Area of the space demised by the
applicable Major Sublease, bears to (II) the number of square feet of Rentable Area of the Building
(including, without limitation, the retail portion thereof) (it being understood, however, that
both of Tenant’s Tax Shares with respect to the Office Premises, as the case may, shall be adjusted
on a pro-rata basis (as more specifically set forth in Section 17.3(G)(3)(b) hereof) in accordance
with the terms hereof),

          (4) the term of the applicable subtenant’s direct tenancy shall expire, with respect to each
portion of Rentable Area that is demised by the applicable Major Sublease, on the date that the
term of this Lease applicable to such portion of Rentable Area would have expired had this Lease
not terminated;

          (5) if, on the Recognition Effective Date, the tangible net worth of the applicable subtenant
or the applicable Major Sublease Guarantor, determined in accordance with generally accepted
accounting principles or international financial reporting standards, if and when the same may be
adopted, as the case may be, is less than twelve (12) times the annual Rental that is reasonably
expected to be payable by the subtenant in connection with such direct tenancy, then, on the
Recognition Effective Date, the applicable subtenant shall deposit with Landlord an amount equal to
such annual Rental as of the Recognition Effective Date as security for such subtenant’s
obligations to Landlord in respect of such direct tenancy;

          (6) the applicable subtenant shall have no right to exercise the Option, the Additional Space
Option, or the Renewal Option unless the applicable subtenant is a Major Subtenant;

          (7) for purposes of such direct tenancy, references herein to the Premises shall be deemed to
be references to the portion of the Premises demised by the applicable Major Sublease;

          (8) the applicable subtenant shall not be deemed to constitute the Person that executed and
delivered this Lease initially (or an Affiliate of such Person) for purposes hereof;

          (9) the applicable subtenant shall not have the right to such direct tenancy (and accordingly,
the applicable subtenant, at Landlord’s option, shall have no right to remain in occupancy of the
applicable portion of the Premises from and after the Recognition Effective Date) if (v) this Lease
is terminated by reason of an Event of Default that derives from the applicable subtenant’s default
under the applicable Major Sublease, (w) on the day immediately preceding the Recognition Effective
Date, the applicable Major Sublease would not satisfy the requirements for a Major Sublease as set
forth in the definition thereof, (x) on the day immediately preceding the Recognition Effective
Date, the applicable subtenant does not occupy

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at least one hundred percent (100%) of the Rentable Area that is demised by the Major Sublease
for the conduct of business, or (y) the applicable subtenant is the Person, or an Affiliate of the
Person, that constituted Tenant immediately prior to the Recognition Effective Date;

          (10) Landlord shall not have any obligation to consummate Recognition Agreements with further
subtenants of any such subtenant;

          (11) subject to the provisions of clause (6) of this Section 17.10(A), the Applicable Terms
shall not include any rights that Tenant did not grant to the subtenant under the applicable Major
Sublease; and

          (12) Landlord shall not be:

               (a) liable for any act or omission of such subtenant’s lessor prior to the Recognition
Effective Date (except to the extent any such act or omission (i) constitutes a default by Landlord
hereunder, (ii) continues after the Recognition Effective Date, and (iii) may be remedied by
providing a service or performing a repair);

               (b) subject to any credits, defenses or offsets which the applicable subtenant may have
against any prior lessor;

               (c) bound by any payment of rental which the applicable subtenant may have made to any prior
lessor more than thirty (30) days in advance of the month in which such payment was due; or

               (d) bound by any of the provisions of the applicable Major Sublease.

          (B) The term “Major Sublease” shall mean a sublease, between Tenant, as sublessor, and
a third party, as sublessee, which:

          (1) Tenant enters into as the Transferor in accordance with the provisions of this Article 17,

          (2) demises to the sublessee not less than the entire Rentable Area in a Major Sublease Unit,

          (3) expires no earlier than the day immediately preceding the Fixed Expiration Date (or the
day immediately preceding the last day of the Renewal Term, with respect to any such subleases that
Tenant executes and delivers from and after the date that Tenant exercises the Renewal Option),

          (4) demises to the sublessee the entire Rentable Area of each Major Sublease Unit covered by
such sublease (so that such sublease does not demise only a portion of any Major Sublease Unit),
and

          (5) demises the uppermost or lowermost Major Sublease Unit or Major Sublease Units in the
Premises (or, if Landlord has theretofore entered into a Recognition Agreement as contemplated by
this Section 17.10 with a sublessee under another Major Sublease

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for space in the Premises, then the condition described in this Section 17.10(B)(5) shall be
deemed to be satisfied if the Major Sublease Units demised by such other Major Sublease, and the
Major Sublease Units demised by the particular sublease in question, constitutes the uppermost or
lowermost portion of the Premises).

          (C) The term “Major Sublease Guarantor” shall mean a Person that executes and delivers
a Recognition Agreement or another agreement to guaranty (on terms that are reasonably acceptable
to Landlord) the performance of the obligations of the subtenant under a Major Sublease on the
Applicable Terms if such subtenant becomes the direct tenant of Landlord.

          (D) The term “Major Sublease Unit” shall mean either (x) the entire Rentable Area of
the portion of the Premises located on the fifth (5th) floor of the Building or (y)
fifty (50%) of the Rentable Area of the portion of the Premises located on the fourth
(4th) floor, but in no event less than 21,151 square feet of Rentable Area; it being
understood, however that any portion of the Premises which constitute Recapture Space shall not
constitute a Major Sublease Unit.

          (E) The term “Recognition Effective Date” shall mean the date that Landlord becomes
the direct lessor of the applicable subtenant under a Major Sublease as contemplated by a
Recognition Agreement.

          (F) If Tenant enters into a Major Sublease, then, subject to the terms of this Section 17.10,
Landlord, promptly after Tenant’s request, shall execute and deliver to the applicable subtenant
under such Major Sublease, and Tenant shall cause the subtenant under the applicable Major Sublease
to execute and deliver to Landlord, an agreement (a “Recognition Agreement”), in form and
substance reasonably satisfactory to Landlord, to the effect that if this Lease terminates during
the term of the applicable Major Sublease for any reason other than by reason of the occurrence of
a fire or other casualty, or a condemnation, or Tenant’s exercising Tenant’s right to terminate
this Lease in accordance with the express terms hereof, then (i) Landlord will not evict such
subtenant, disturb such subtenant’s possession or terminate or disturb such subtenant’s occupancy
of the space that the applicable Major Sublease demises, and will recognize such subtenant as the
direct tenant of Landlord on the Applicable Terms from and after the Recognition Effective Date,
and (ii) such subtenant will recognize Landlord as such subtenant’s direct landlord on the
Applicable Terms from and after the Recognition Effective Date. Tenant shall not have the right to
request a Recognition Agreement as contemplated by this Section 17.10 (w) if the subtenant under
the applicable Major Sublease is Tenant or an Affiliate of Tenant, (x) if an Event of Default has
occurred and is then continuing, or (y) if the financial condition of the applicable subtenant is
not reasonably satisfactory to Landlord (it being understood that if the tangible net worth of such
subtenant or any applicable Major Sublease Guarantor, determined in accordance with generally
accepted accounting principles, or international financial reporting standards, if and when the
same may be adopted, as the case may be, is equal to or greater than twelve (12) times the annual
Rental that would be reasonably expected to be payable by the applicable subtenant to Landlord
pursuant to the Applicable Terms, then such subtenant’s financial condition shall be deemed to be
reasonably satisfactory to Landlord).

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          (G) Tenant shall submit to Landlord, with each request for a Recognition Agreement, financial
information regarding the subtenant for whose benefit such agreement is requested, including,
without limitation, documentation of such subtenant’s net worth, determined in accordance with
generally accepted accounting principles or international financial reporting standards, if and
when the same may be adopted, as the case may be.

          (H) Tenant shall reimburse Landlord for the reasonable Out-of-Pocket Costs incurred by
Landlord in consummating a Recognition Agreement within thirty (30) days after Landlord’s request
therefor. Landlord shall include with any such request reasonable supporting documentation for the
charges described therein.

     17.11. Special Occupant.

     Tenant may permit portions of the Premises to be occupied, at any time and from time to time,
by Persons who are not members, officers or employees of Tenant (each such Person who is permitted
to occupy portions of the Premises pursuant to this Section 17.12 being referred to herein as a
“Special Occupant”), without (x) Landlord’s prior approval, (y) Landlord’s having the right
to consummate a Recapture Termination in respect thereof, and (z) Tenant’s being required to pay
Transfer Profit to Landlord in connection therewith, provided that, in each case, (i) no demising
walls are erected in the Premises separating the space used by a Special Occupant from the
remainder of the Premises, (ii) the Special Occupant uses the Premises in conformity with all
applicable provisions of this Lease, (iii) the use of any portion of the Premises by any Special
Occupant shall not create any real property interest of the Special Occupant in or to the Premises,
(iv) the portion of the Premises used by all Special Occupants shall not exceed ten percent (10%)
of the Rentable Area of the Premises, (v) such Person maintains a business relationship with Tenant
(other than by virtue of such occupancy) and such business relationship extends during the term of
such occupancy, (vi) the Special Occupant does not pay for its occupancy rights an amount greater
than the Rental that is reasonably allocable to the portion of the Premises that the Special
Occupant has the right to occupy (it being understood that amounts that the Special Occupant pays
to Tenant to reimburse Tenant reasonably for customary office services shall not be included in the
calculation of the amount that the Special Occupant pays for its occupancy rights as provided in
this clause (vi)), and (vii) at least ten (10) days prior to a Special Occupant taking occupancy of
a portion of the Premises, Tenant gives notice to Landlord advising Landlord of (1) the name and
address of such Special Occupant, (2) the character and nature of the business to be conducted by
such Special Occupant, (3) the number of square feet of Rentable Area to be occupied by such
Special Occupant, (4) the duration of such occupancy, and (5) the fee, if any, to be paid by such
Special Occupant for its use of the applicable portion of the Premises. Within ten (10) Business
Days after request by Landlord from time to time, Tenant shall provide Landlord with a list of the
names of all Special Occupants then occupying any portion of the Premises and a description of the
spaces occupied thereby.

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Article 18

TENANT’S RIGHT OF FIRST OFFER TO LEASE

     18.1. Right of First Offer. 

          (A) Landlord shall not lease to any Person other than Tenant or Landlord’s Affiliate the
Option Space (or a part thereof) at any time during the Term, without first instituting the
procedure described in, and subject to the limitations set forth in, this Section 18.1. If
Landlord leases the Option Space (or a part thereof) to Landlord’s Affiliate, or Landlord’s
Affiliate subleases the Option Space (or a part thereof) to Landlord’s Affiliate, in either case
without first instituting the procedure described in this Article 18, then Landlord shall not
permit Landlord’s Affiliate to sublease (or further sublease) the Option Space (or a part thereof)
to any Person other than Tenant or Landlord’s Affiliate without first instituting the procedure
described in, and subject to the limitations set forth in, this Article 18.

          (B) The term “Option Space” shall mean, subject to the provisions of this Article 18,
(i) the portion of the leasable space in the Building that is located on the third (3rd)
floor, as more particularly shown on Exhibit “18.1"-1 attached hereto and made a part hereof (such
Option Space, “Option Space A”) (ii) all or any portion of the leasable space in the
Building that is located on a portion of the third (3rd) floor, as shown on Exhibit
“18.1"-2 attached hereto and made a part hereof, provided, however, Tenant shall only have the
right to lease a portion thereof if Landlord, in Landlord’s sole discretion, intends to offer such
portion for lease to then rental marketplace (such Option Space, or any portion thereof as so
offered, “Option Space B”) and (iii) the portion of the leasable space in the Building that
is located on the fifth (5th) floor, as shown on Exhibit “18.1"-3 attached hereto and
made a part hereof (such Option Space, “Option Space C”). .

     18.2. Option Notice.

     Landlord shall institute the procedure described in this Article 18 by giving notice thereof
(the “Option Notice”) to Tenant, which Option Notice shall (i) describe the Option Space
(or the applicable portion thereof) (the Option Space (or such portion thereof) that is described
in a particular Option Notice being referred to herein as the “Applicable Option Space”),
(ii) have attached thereto a floor plan depicting the Applicable Option Space, (iii) set forth the
date that Landlord reasonably expects that the Applicable Option Space will be vacant and available
for Tenant’s occupancy (such date designated by Landlord being referred to herein as the
“Scheduled Option Space Commencement Date”), and (iv) set forth Landlord’s calculation of
the number of square feet of Rentable Area in the Applicable Option Space. Notwithstanding the
foregoing to the contrary, Landlord shall have the right to accelerate the Scheduled Option Space
Commencement Date by notice given to Tenant at any time; provided, however, that in no event shall
the Scheduled Option Space Commencement Date occur earlier than thirty (30) after the date Landlord
delivers the Option Notice to Tenant.

     18.3. Option Procedure. 

          (A) With respect to Option Space B and Option Space C, Tenant shall have the one-time only
option and with respect to Option Space A, subject to the terms hereof, Tenant

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shall have the option (the aforesaid options are collectively referred to herein as the
“Option”) to lease the Applicable Option Space for a term (the “Option Term”)
commencing on the Option Space Commencement Date and expiring on the Expiration Date by giving
notice thereof (the “Option Response Notice”) to Landlord not later than the thirtieth
(30th) day after the date that Landlord gives the Option Notice to Tenant. Time shall be of the
essence as to the date by which Tenant must give the Option Response Notice to Landlord to exercise
the Option. If Tenant does not give the Option Response Notice to Landlord on or prior to the
thirtieth (30th) day after the date that Landlord gives the Option Notice to Tenant,
then Landlord shall thereafter have the right to lease the Applicable Option Space (or any part
thereof) to any other Person on terms acceptable to Landlord in Landlord’s sole discretion without
being required to make any other offer to Tenant regarding the Applicable Option Space under this
Article 18 (and, accordingly, such Applicable Option Space shall not thereafter constitute Option
Space). Tenant shall not have the right to revoke an Option Response Notice given to Landlord
pursuant to this Article 18; provided, however, that if (x) Tenant exercises the Option for the
Applicable Option Space, and (y) Landlord subsequently exercises Landlord’s rights under Section
18.2 hereof to accelerate the Scheduled Option Space Commencement Date for such Option Space, then
Tenant shall have the right to revoke Tenant’s exercise of the Option for such Option Space by
giving notice thereof to Landlord on or prior to the fifteenth (15th) day after the date
that Landlord gives Tenant notice of such acceleration of the Scheduled Option Space Commencement
Date for such Option Space. Notwithstanding the foregoing to the contrary, in the event that
Landlord leases Option Space A to a third party other than Wenner or the then occupant of the space
leased to Wenner pursuant to the terms of the lease between Landlord and Wenner, and thereafter,
Option Space A shall become available for leasing, Tenant shall have one additional option to lease
Option Space A, subject to and in accordance with the terms of this Article 18 and Landlord shall
not lease to any Person other than Tenant or Landlord’s Affiliate Option Space A (or any part
thereof), without first instituting the procedure described in, and subject to the limitations set
forth in this Article 18.

     18.4. Certain Limitations. 

          (A) Tenant shall not have the right to exercise the Option (and, accordingly (x) Landlord
shall have no obligation to give an Option Notice to Tenant, and (y) Landlord shall have the right
to lease the Applicable Option Space to any other Person without first offering the Applicable
Option Space to Tenant as contemplated by this Article 18) if, on the date that Landlord offers the
Applicable Option Space for lease to the general public:

          (1) Tenant or a subtenant subleasing at least seventy percent (70%) of the Premises then
demised hereunder (a “Major Subtenant”) occupies for the conduct of its business less than
Fifty-One Thousand Five Hundred (51,500) square feet of Rentable Area of the Premises (the
requirement that Tenant or a Major Subtenant occupy at lease 51, 500 square feet of Rentable Area
of the Premises being referred to herein as the “ROFO Minimum Occupancy Requirement”), or

          (2) the Applicable Option Space constitutes Recapture Space with respect to which Landlord
exercised its rights under Section 17.3 hereof.

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          (B) Tenant shall not have the right to exercise the Option prior to Landlord’s leasing the
Option Space (or the applicable portion thereof) to any Person that then occupies the Option Space
(or such portion thereof) (regardless of whether such leasing is pursuant to an option or right
contained in such Person’s lease), and accordingly, (I) Landlord shall have no obligation to give
an Option Notice to Tenant with respect to the Option Space (or such portion thereof), and (II)
Landlord shall have the right to lease the Option Space (or such portion thereof) to any such
Person without first offering the Option Space (or the applicable portion thereof) to Tenant as
contemplated by this Article 18.

          (C) Tenant’s exercise of the Option shall be ineffective if, on the date that Tenant gives the
Option Response Notice, an Event of Default has occurred and is continuing. If (i) Tenant
exercises the Option, and (ii) at any time prior to the Option Space Commencement Date, an Event of
Default has occurred and is continuing, or (y) the ROFO Minimum Occupancy Requirement is not
satisfied, then, at any time prior to the Option Space Commencement Date, Landlord shall have the
right to declare Tenant’s exercise of the Option ineffective by giving notice thereof to Tenant, in
which case Landlord shall have the right to lease the Applicable Option Space (or any portion
thereof) to any other Person on terms acceptable to Landlord in Landlord’s sole discretion.

          (D) Tenant shall not have the right to exercise the Option from and after the Option Cutoff
Date, and, accordingly, from and after the Option Cutoff Date, (I) Landlord shall have no
obligation to give an Option Notice to Tenant with respect to the Option Space (or any portion
thereof), and (II) Landlord shall have the right to lease the Option Space (or such portion
thereof) to any other Person without first offering the Option Space (or such portion thereof) to
Tenant as contemplated by this Article 18. The term “Option Cutoff Date” shall mean the
date that is four (4) years before the Fixed Expiration Date, except that if Tenant exercises the
Renewal Option for the entire Premises (and not only the Partial Renewal Space), then the Option
Cutoff Date shall be the date that is four (4) years before the last day of the Renewal Term.

          (E) Tenant’s right to lease Option Space A, as set forth in this Article 18, shall be subject
to any rights thereto that have been granted to Wenner Media LLC (“Wenner”) on or prior to
the date hereof and Tenant’s right to lease Option Space C, as set forth in this Article 18, shall
be subject to any rights thereto that have been granted to Microsoft Corporation and/or Wenner on
or prior to the date hereof. Notwithstanding the foregoing to the contrary, in the event that
Landlord leases Option Space A to a third party other than Wenner (or the then occupant of the
Wenner Space), Tenant’s additional one-time right to lease Option Space A, as set forth in Section
18.3 hereof, shall be subject to (i) Landlord leasing Option Space A to such third party
(regardless of whether such leasing is pursuant to an option or right contained in such lease with
such third party) and (ii) any rights thereto that Landlord may grant to such third party in
connection with such leasing of Option Space A.

     18.5. Lease Provisions Apply. 

     If Tenant exercises the Option in accordance with the provisions of this Section 18.5, then,
on the Option Space Commencement Date for the Applicable Option Space, the following provisions
shall become effective:

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          (A) The Applicable Option Space shall be added to the Premises for purposes of this Lease
(except as otherwise provided in this Section 18.5).

          (B) The Tax Payment for each Tax Year from and after the Option Space Commencement Date shall
be increased to reflect the inclusion of the Option Space in the Premises by an amount equal to the
product obtained by multiplying (I) the ratio (expressed as a percentage) that the number of square
feet of Rentable Area in the Applicable Option Space bears to the number of square feet of Rentable
Area in the Building, by (II) the excess of (x) Taxes for the applicable Tax Year, over (y) the
Taxes for the fiscal year that immediately follows the fiscal year during which the Option Space
Commencement Date occurs.

          (C) The Operating Expense Payment for each Operating Expense Year from and after the Option
Space Commencement Date shall be increased to reflect the inclusion of the Option Space in the
Premises by an amount equal to the product obtained by multiplying (I) the ratio (expressed as a
percentage) that the number of square feet of Rentable Area in the Applicable Option Space bears to
the number of square feet of Rentable Area in the Building (other than any retail portion thereof),
by (II) the excess of (x) Operating Expenses for the applicable Operating Expense Year, over (y)
the Operating Expenses for the calendar year that immediately follows the calendar year during
which the Option Space Commencement Date occurs.

          (D) Landlord shall not be obligated to perform any work or make any installations in the
Applicable Option Space or grant Tenant a work allowance therefor.

          (E) The Fixed Rent for the Applicable Option Space shall be an amount equal to the Fair Market
Rent therefor.

          (F) The amount of the security deposit required with respect to the applicable Option Space,
if any, as the case may be, shall be determined by Landlord, based upon the then commonplace
standards of the marketplace reasonably applied, after Landlord’s review of the then most recent
Tenant’s Statements which shall be delivered to Landlord at least ninety (90) days prior to the
Applicable Option Space Commencement Date. To the extent that any additional security deposit
shall be required, Landlord shall promptly notify Tenant thereof and Tenant shall increase the
Letter of Credit to the extent (if any) necessary on or prior the Applicable Option Space
Commencement Date.

     18.6. Delivery. 

     Landlord shall deliver vacant and exclusive possession of the Applicable Option Space to
Tenant on the Scheduled Option Space Commencement Date; provided, however, that (x) if a Person
remains in occupancy of the Applicable Option Space (or any portion thereof) on the Scheduled
Option Space Commencement Date, then Landlord, at Landlord’s expense, shall use reasonable
diligence (which reasonable diligence shall include, without limitation, Landlord’s instituting and
diligently prosecuting a holdover proceeding against such Person) to cause vacant and exclusive
possession of the Applicable Option Space to be delivered to Tenant as promptly as reasonably
practicable thereafter (the Scheduled Option Space Commencement Date, or such later date on which
Landlord delivers vacant and exclusive possession of the Applicable Option

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Space to Tenant as contemplated by this Section 18.6, being referred to herein as the
“Option Space Commencement Date”), and (y) if such Person’s right to remain in occupancy of
the Applicable Option Space (or a portion thereof) terminates prior to the Scheduled Option Space
Commencement Date, then Landlord shall have no liability to Tenant (except as otherwise set forth
in clause (x) above), and except as expressly set forth herein, Tenant shall have no right to
terminate or rescind this Lease or Tenant’s exercise of the Option or reduce the Rental, in each
case deriving from Landlord’s failure to deliver vacant and exclusive possession of the Applicable
Option Space to Tenant on the Scheduled Option Space Commencement Date. Landlord and Tenant intend
that this Section 18.6 constitutes an “express provision to the contrary” for purposes of Section
223-a of the New York Real Property Law. If the Option Space Commencement Date for the Applicable
Option Space does not occur on or prior to the one hundred eightieth (180th) day after
the Scheduled Option Space Commencement Date for such Applicable Option Space, then Tenant, as
Tenant’s sole remedy, shall have the right to terminate this Lease with respect only to such
Applicable Option Space by giving notice thereof to Landlord not later than the one hundred
ninetieth (190th) day after the Scheduled Option Space Commencement Date (it being
understood that time shall be of the essence as to the date by which Tenant has the right to
exercise such right to terminate this Lease with respect only to such Applicable Option Space);
provided, however, that at the time Tenant gives such notice to Landlord, the Scheduled Option
Space Commencement Date has not yet occurred. If Tenant exercises Tenant’s aforesaid right to
terminate this Lease with respect to the Applicable Option Space, then the Applicable Option Space
shall not be added to the Premises as contemplated by this Article 18.

Article 19 

TENANT’S RIGHT TO LEASE ADDITIONAL SPACE

     19.1. Additional Space. 

          (A) The term “Additional Space” shall mean, collectively, Expansion Space A and
Expansion Space B.

          (B) The term “Expansion Space A” shall mean the space on the fourth (4th)
floor in the Building described in Exhibit “19.1"-1 attached hereto and made a part hereof.

          (C) The term “Expansion Space B” shall mean, as determined by Landlord, in Landlord’s
sole discretion, either (i) the entire space or (ii) collectively, the portions of such space, on
the fifth (5th) floor in the Building described in Exhibit “19.1"-2 attached hereto and
made a part hereof.

          (D) The term “Scheduled Additional Space Commencement Date” shall mean (x) a date
designated by Landlord in a notice given to Tenant which date shall only be scheduled to occur
during the period commencing on the fourth (4th) anniversary of the Office Premises Rent
Commencement Date and ending on the sixth (6th) anniversary of the Office Premises Rent
Commencement Date (for Expansion Space A) and (y)(1) a date designated by Landlord in a notice
given to Tenant which date shall only be scheduled to occur during the period commencing on the
eighth (8th) anniversary of the Office Premises Rent Commencement Date

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and ending on the tenth (10th) anniversary of the Office Premises Rent Commencement
Date (for Expansion Space B as described in clause (i) of Section 19.1(C) hereof) or (2) (a) with
respect to a portion of Expansion Space B that is not less than Thirteen Thousand Five Hundred
(13,500) square feet of Rentable Area that is contiguous to the Premises, a date designated by
Landlord in a notice given to Tenant which date shall only be scheduled to occur during the period
commencing on the eighth (8th) anniversary of the Office Premises Rent Commencement Date
and ending on the tenth (10th) anniversary of the Office Premises Rent Commencement Date
and (b) with respect to any portions of the balance of Expansion Space B, a date or dates,
applicable, designated by Landlord in a notice given to Tenant which date shall only be scheduled
to occur during the period commencing on the eighth (8th) anniversary of the Office
Premises Rent Commencement Date and ending on the twelfth (12th) anniversary of the
Office Premises Rent Commencement Date (for Expansion Space B as described in clause (ii) of
Section 19.1 (C) hereof); provided, however, that if (I) (i) Landlord has heretofore leased, or
hereafter leases, the applicable Additional Space to another tenant that is not an Affiliate of
Landlord for a term ending prior to the Applicable Scheduled Additional Space Commencement Date
(for Expansion Space A) and the Applicable Scheduled Additional Space Commencement Date (for
Expansion Space B), and (ii) such other tenant’s lease terminates (other than by reason of
Landlord’s acceptance of a voluntary surrender thereof) earlier than the expiration of the term
thereof, but in case of Expansion Space (B) only if during the period following the fifth
(5th) anniversary of the Office Premises Rent Commencement Date, then Landlord shall
have the right to accelerate the Scheduled Additional Space Commencement Date (x) for Expansion
Space A by up to twelve (12) months only by giving at least sixty (60) days’ prior notice thereof
to Tenant and (y) for Expansion Space B by giving at least sixty (60) days’ prior notice thereof to
Tenant or (II) Landlord fails to lease Expansion Space A following the date hereof, then Landlord
shall have the right to accelerate the Scheduled Additional Space Commencement Date to a date that
occurs during the period that commences on the third (3rd) anniversary of the Office
Premises Commencement Date and ending on the sixth (6th) anniversary of the Office
Premises Rent Commencement Date.

     19.2. Option. 

     Tenant shall have the option (the “Additional Space Option”) to lease an Additional
Space for a term (the “Additional Space Term”) commencing on the applicable Additional
Space Commencement Date and expiring on the Expiration Date by giving notice thereof (the
“Additional Space Notice”) to Landlord on or prior to the later of (x) the later of (i) the
date that occurs twelve (12) months before the Scheduled Additional Space Commencement Date for the
applicable Additional Space (as such Scheduled Additional Space Commencement Date may have been
accelerated by Landlord pursuant to Section 19.1(D) hereof) and (ii) the thirtieth
(30th) day after Landlord gives Tenant the notice designating the Scheduled Additional
Space Commencement Date referred to in Section 19.1(D) hereof and (y) the thirtieth (30th) day
after the date that Landlord gives Tenant notice to the effect that Landlord makes the election
described in Section 19.1(D) hereof to accelerate the Scheduled Additional Space Commencement Date
for the applicable Additional Space. Time shall be of the essence as to the date by which Tenant
must give the Additional Space Notice to Landlord to exercise the Additional Space Option. If
Tenant does not give the Additional Space Notice to Landlord on or prior to such date, then
Landlord shall thereafter have the right to lease the applicable Additional Space (or any part
thereof) to any other Person on terms acceptable to Landlord in Landlord’s

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sole discretion without being required to make any other offer to Tenant regarding the
applicable Additional Space under this Article 19. Tenant shall not have the right to revoke an
Additional Space Notice given to Landlord pursuant to this Article 19; provided, however, that if
(x) Tenant exercises the Additional Space Option for a particular Additional Space, and (y)
Landlord subsequently exercises Landlord’s rights under Section 19.1(D) hereof to accelerate the
Scheduled Additional Space Commencement Date for such Additional Space, then Tenant shall have the
right to revoke Tenant’s exercise of the Additional Space Option for such Additional Space by
giving notice thereof to Landlord on or prior to the fifteenth (15th) day after the date
that Landlord gives Tenant notice of such acceleration of the Scheduled Additional Space
Commencement Date for such Additional Space. Tenant shall not have the right to exercise the
Additional Space Option for only a portion of Expansion Space A or a portion of Expansion Space B
if Expansion Space B is as described in clause (ii) of Section 19.1(D) hereof. In the event that
the Additional Space is Expansion Space B as described in clause (i) of Section 19.1(D) hereof,
then Tenant may, by notice given to Landlord together with the Additional Space Notice, lease only
the portion thereof designated in such notice provided that (I) such designated portion is at least
fifty percent (50%) of the Rentable Area of such Expansion Space B, (II) such designated portion is
contiguous to the most easterly side of the floor (i.e., contiguous to the Premises), (III)
such designated portion and the balance of such Expansion Space B not so designated are regularly
shaped and leasable, as determined by Landlord in Landlord’s reasonable business judgment and (IV)
such designated portion and the balance of such Expansion Space B have reasonable access to the
public corridor.

     19.3. Landlord’s Buildout.

          Landlord shall, at Landlord’s own cost and expense, simultaneously with the performance of
Landlord’s Work and using the same architect and general contractor that perform Landlord’s Work,
pre-build Expansion Space A (i) in a commercially leasable manner, (ii) in accordance with the
Construction Documents and (iii) using Building Standard Installations.

     19.4. Certain Limitations. 

          (A) Tenant shall have the right to exercise the Additional Space Option only during the period
that Tenant or a Major Subtenant occupies for the conduct of its business at least Thirty-Six
Thousand Nine Hundred Seventy (36,970) square feet of Rentable Area of the Premises (such
requirement, the “Additional Space Option Minimum Occupancy Requirement”).

          (B) Tenant’s exercise of the Additional Space Option shall be ineffective if, on the date that
Tenant gives the Additional Space Notice to Landlord, an Event of Default has occurred and is
continuing. If (i) Tenant exercises the Additional Space Option, and (ii) at any time prior to the
Additional Space Commencement Date, an Event of Default has occurred and is continuing, or the
Additional Space Option Minimum Occupancy Requirement is not satisfied, then, at any time prior to
the Additional Space Commencement Date, Landlord shall have the right to declare Tenant’s exercise
of the Additional Space Option ineffective by giving notice thereof to Tenant, in which case
Landlord shall have the right to lease the applicable Additional Space (or any portion thereof) to
any other Person on terms acceptable to Landlord in Landlord’s sole discretion.

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          (C) Tenant shall not have the right to exercise the Additional Space Option prior to
Landlord’s leasing the Additional Space (or the applicable portion thereof) to any Person that then
occupies the Additional Space (or such portion thereof) (regardless of whether such leasing is
pursuant to an option or right contained in such Person’s lease), and, accordingly, (I) Landlord
shall have no obligation to give an Additional Space Notice to Tenant with respect to the
Additional Space (or such portion thereof), and (II) Landlord shall have the right to lease the
Additional Space (or such portion thereof) to any such Person without first offering the Additional
Space (or the applicable portion thereof) to Tenant as contemplated by this Article 19.

          (D) Tenant’s right to lease the Additional Space as set forth in this Article 19 shall be
subject to any rights thereto that have been granted on or prior to the date hereof to other
tenants of the Building.

     19.5. Lease Provisions Apply.

     If Tenant exercises the Additional Space Option in accordance with the provisions of this
Article 19, then, on the Additional Space Commencement Date, the following provisions shall become
effective:

          (A) The applicable Additional Space shall be added to the Premises for purposes of this Lease
(except as otherwise provided in this Section 19.5).

          (B) The Tax Payment for each Tax Year from and after the applicable Additional Space
Commencement Date shall be increased to reflect the inclusion of the applicable Additional Space in
the Premises by an amount equal to the product obtained by multiplying (I) the ratio (expressed as
a percentage) that the number of square feet of Rentable Area in the applicable Additional Space
bears to the number of square feet of Rentable Area in the Building, by (II) the excess of (x)
Taxes for the applicable Tax Year, over (y) the Taxes for the fiscal year that immediately follows
the fiscal year during which the Additional Space Commencement Date occurs.

          (C) The Operating Expense Payment for each Operating Expense Year from and after the
applicable Additional Space Commencement Date shall be increased to reflect the inclusion of the
applicable Additional Space in the Premises by an amount equal to the product obtained by
multiplying (I) the ratio (expressed as a percentage) that the number of square feet of Rentable
Area in the applicable Additional Space bears to the number of square feet of Rentable Area in the
Building (other than any retail portion thereof), by (II) the excess of (x) Operating Expenses for
the applicable Operating Expense Year, over (y) the Operating Expenses for the calendar year that
immediately follows the calendar year during which the Additional Space Commencement Date occurs.

          (D) Except as expressly set forth in Section 19.3 hereof, Landlord shall not be obligated to
perform any work or make any installations in the applicable Additional Space or grant Tenant a
work allowance therefor.

          (E) The Fixed Rent for Expansion Space A shall be an amount equal to the Fair Market Rent
therefor.

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          (F) The Fixed Rent for Expansion Space B shall be an amount equal to the Fair Market Rent
therefor.

          (G) The amount of the security deposit required with respect to Expansion Space A and/or
Expansion Space B, if any, as the case may be, shall be determined by Landlord, based upon the then
commonplace standards of the marketplace reasonably applied, after Landlord’s review of the then
most recent Tenant’s Statements which shall be delivered to Landlord at least ninety (90) days
prior to the applicable Additional Space Commencement Date. To the extent that any additional
security deposit shall be required, Landlord shall promptly notify Tenant thereof and Tenant shall
increase the Letter of Credit to the extent (if any) necessary on or prior the applicable
Additional Space Commencement Date.

     19.6. Delivery. 

          (A) If Tenant exercises the Additional Space Option pursuant to this Article 19, then Landlord
shall deliver vacant and exclusive possession of the applicable Additional Space to Tenant on the
applicable Scheduled Additional Space Commencement Date; provided, however, that (x) if a Person
remains in occupancy of the applicable Additional Space (or any portion thereof) on the Scheduled
Additional Space Commencement Date, then Landlord, at Landlord’s expense, shall use reasonable
diligence (which reasonable diligence shall include, without limitation, Landlord’s instituting and
diligently prosecuting a holdover proceeding against such Person)to cause vacant and exclusive
possession of the applicable Additional Space to be delivered to Tenant as promptly as reasonably
practicable thereafter (the Scheduled Additional Space Commencement Date, or such later date on
which Landlord delivers vacant and exclusive possession of the applicable Additional Space to
Tenant as contemplated by this Section 19.6(A), being referred to herein as the “Additional
Space Commencement Date”), and (y) if such Person’s right to remain in occupancy of the
applicable Additional Space (or a portion thereof) terminates prior to the Scheduled Additional
Space Commencement Date, then Landlord shall have no liability to Tenant (except as otherwise set
forth in clause (x) above), and except as expressly set forth herein, Tenant shall have no right to
terminate or rescind this Lease or Tenant’s exercise of the Additional Space Option or reduce the
Rental, in each case deriving from Landlord’s failure to deliver vacant and exclusive possession of
the applicable Additional Space to Tenant on the Scheduled Additional Space Commencement Date.
Landlord and Tenant intend that this Section 19.6(A) constitutes an “express provision to the
contrary” for purposes of Section 223-a of the New York Real Property Law. If the Additional Space
Commencement Date for applicable Additional Space does not occur on or prior to the one hundred
eightieth (180th) day after the Scheduled Additional Space Commencement Date for such applicable
Additional Space, then Tenant, as Tenant’s sole remedy, shall have the right to terminate this
Lease with respect only to such applicable Additional Space by giving notice thereof to Landlord
not later than the one hundred ninetieth (190th) day after the Scheduled Additional Space
Commencement Date (it being understood that time shall be of the essence as to the date by which
Tenant has the right to exercise such right to terminate this Lease with respect only to such
applicable Additional Space); provided, however, that at the time Tenant gives such notice to
Landlord, the Scheduled Additional Space Commencement Date has not yet occurred. If Tenant
exercises Tenant’s aforesaid right to terminate this Lease with respect to the applicable
Additional Space, then the
applicable Additional Space shall not be added to the Premises as contemplated by this Article
19.

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Article 20

RENEWAL 

     20.1. Renewal Option. 

          (A) Subject to the terms of this Article 20, Tenant shall have the option (the “Renewal
Option”) to extend the term of this Lease for the Renewal Premises for one (1) additional
period of five (5) years (the “Renewal Term”), which Renewal Term shall commence on the day
immediately succeeding the Fixed Expiration Date and end on the day that is five (5) years after
the Fixed Expiration Date, provided that (a) this Lease has not been previously terminated, (b) no
Event of Default has occurred and is continuing on the date that Tenant gives Landlord notice (the
“Renewal Notice”) of Tenant’s election to exercise the Renewal Option, and (c) Tenant or a
Major Subtenant occupies for the conduct of business at least seventy percent (70%) of the Renewal
Premises on the date that Tenant gives the Renewal Notice to Landlord.

          (B) The Renewal Option shall be exercisable only by Tenant’s delivering the Renewal Notice to
Landlord not later than the three hundred sixty-fifth (365th) day before the Fixed Expiration Date
(as to which date time shall be of the essence). Landlord shall have the right to declare Tenant’s
exercise of the Renewal Option ineffective if (a) an Event of Default has occurred and is
continuing as of the Fixed Expiration Date, or (b) Tenant or a Major Subtenant does not occupy for
the conduct of business at least seventy percent (70%) of the Renewal Premises as of the Fixed
Expiration Date, in either case by giving notice thereof to Tenant during the period commencing on
the Fixed Expiration Date and ending on the date that is fifteen (15) days after the Fixed
Expiration Date (it being understood that (x) if Landlord so declares Tenant’s exercise of the
Renewal Option ineffective, then the Term shall terminate on the fifteenth (15th) day after the
date that Landlord gives Tenant notice of such declaration (in which case Tenant shall pay the
Rental due hereunder in respect of the Renewal Term to the extent accruing during the period
commencing on the first day of the Renewal Term and ending on the date that the Term so
terminates), and (y) nothing contained in this Section 20.1(B) limits Landlord’s other rights or
remedies after the occurrence of an Event of Default).

     20.2. Partial Renewal Space. 

     Tenant shall have the right to renew the term hereof for the Renewal Term with respect to
either (w) the entire Premises demised by this Lease on the Fixed Expiration Date, (x) all of the
Premises located on the fourth (4th) floor of the Building then demised to Tenant
hereunder, (y) seventy percent (70%) or more of the portion of the Premises described in clause (x)
above, which portion shall be designated by Tenant in the Renewal Notice provided that (I) such
designated portion is adjacent to the most easterly side of the Building, (II) such designated
portion and the balance of the Premises located on the fourth (4th) floor of the
Building not so designated are regularly shaped and leasable as determined by Landlord in its
reasonable business judgment and (III) such designated portion and the balance of the Premises
located on
the fourth (4th) floor of the Building not so designated have reasonable access to
the public corridor or (z) all of the Premises located on the fifth (5th) floor of the
Building then demised to Tenant hereunder (the portion of the Premises with respect to which Tenant
exercises the Renewal Option in accordance with the parameters set forth in this Section 20.2 being
referred to herein as the “Partial Renewal Space”; the Premises, or the Partial Renewal
Space with respect to

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which Tenant exercises the Renewal Option, being referred to herein as the
“Renewal Premises”; the portion of the Premises that does not constitute the Partial
Renewal Space is referred to herein as the “Removed Space”).

          (A) If (x) Tenant gives the Renewal Notice to Landlord, and (y) Tenant fails to (I) indicate
therein that Tenant is exercising the Renewal Option for only the Partial Renewal Space, or (II)
identify therein the Partial Renewal Space with reasonable particularity, then Tenant shall be
deemed to have designated that the Renewal Premises constitutes the entire Premises demised by this
Lease as of the Fixed Expiration Date.

          (B) If Tenant exercises the Renewal Option for only the Partial Renewal Space as contemplated
by this Section 20.2, then (x) on the Fixed Expiration Date, Tenant shall surrender to Landlord
vacant and exclusive possession of the Removed Space in accordance with the provisions of this
Lease that govern Tenant’s obligations in respect of the delivery of vacant and exclusive
possession of the Premises to Landlord upon the expiration or earlier termination of the Term, and
(y) on or prior to the Fixed Expiration Date, Tenant, at Tenant’s expense and otherwise in
accordance with the terms of Article 7 hereof, shall demise the Removed Space separately from the
Partial Renewal Space.

     20.3. Lease Provisions Apply. 

     If Tenant exercises the Renewal Option, then the leasing of the Renewal Premises during the
Renewal Term shall be upon the terms set forth herein, except that:

          (A) the Fixed Rent for the Renewal Premises during the Renewal Term shall be the Fair Market
Rent thereof;

          (B) Landlord shall have no obligation to perform any work in connection with Tenant’s exercise
of the Renewal Option;

          (C) Landlord shall have no obligation to grant to Tenant any work allowance in connection with
Tenant’s exercise of the Renewal Option;

          (D) the provisions of this Article 20 shall not be applicable to permit Tenant to further
extend the Term;

          (E) if Tenant exercises the Renewal Option for the Partial Renewal Space (and not for the
entire Premises), then, effective as of the first (1st) day of the Renewal Term, Tenant’s Tax Share
shall be recalculated as the ratio (expressed as a percentage) that the number of square feet of
Rentable Area of the Premises that constitutes the Partial Renewal Space bears to the number of
square feet of Rentable Area of the Building (it being understood that from and after
the first (1st) day of the Renewal Term, Tenant’s Tax Share shall no longer be
bifurcated with respect to the Majority Portion of the Premises and the Minority Portion of the
Premises); and

          (F) if Tenant exercises the Renewal Option for the Partial Renewal Space (and not for the
entire Premises), then, effective as of the first (1st) day of the Renewal Term, Tenant’s Operating
Expense Share shall be recalculated as the ratio (expressed as a percentage) that the number of
square feet of Rentable Area of the Premises that constitutes the Partial Renewal

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Space (other than
the portion of the Partial Renewal Space (if any) that constitutes retail space) bears to the
number of square feet of Rentable Area of the Building (other than the retail portion of the
Building) (it being understood that from and after the first (1st) day of the Renewal
Term, Tenant’s Operating Expense Share shall no longer be bifurcated with respect to the Majority
Portion of the Premises and the Minority Portion of the Premises).

Article 21

FAIR MARKET RENT

     21.1. Certain Definitions. 

          (A) The term “Fair Market Rent” shall mean annual fair market rental value.

          (B) The term “Applicable Area” shall mean:

          (1) the Renewal Premises, in connection with the determination of the Fair Market Rent
thereof,

          (2) the Applicable Option Space, in connection with the determination of the Fair Market Rent
thereof,

          (3) the applicable Additional Space, in connection with the determination of the Fair Market
Rent thereof, and

          (4) an Additional Antennae Site, in connection with the determination of the Fair Market Rent
therefor.

          (C) The term “Applicable Date” shall mean:

          (1) the Fixed Expiration Date, in connection with the determination of the Fair Market Rent of
the Renewal Premises,

          (2) the Scheduled Option Space Commencement Date, in connection with the determination of the
Fair Market Rent for the Applicable Option Space,

          (3) the Scheduled Additional Space Commencement Date, in connection with the determination of
the Fair Market Rent for the applicable Additional Space. And

          (4) the date on which Landlord makes the applicable Additional Antennae Site available to
Tenant, in connection with the Fair Market Rent therefor.

     21.2. Fair Market Rent Assumptions. 

     The Fair Market Rent shall be determined assuming that the Applicable Area is free and clear
of all leases and tenancies (including this Lease), that the Applicable Area is available for the
purposes permitted by this Lease in the then rental market, that Landlord has had a

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reasonable time
to locate a tenant, and that neither Landlord nor the prospective tenant is under any compulsion to
rent, and taking into account all relevant factors.

     21.3. Fair Market Procedure.

     If Tenant exercises the Renewal Option, Tenant exercises the Option, or Tenant exercises an
Additional Space Option, then Landlord and Tenant shall each deliver simultaneously to the other,
at Landlord’s office, a notice (each, a “Rent Notice”), on a date mutually agreed upon, but
in no event later than:

          (1) two hundred seventy (270) days before the Fixed Expiration Date, with respect to the Rent
Notice for the determination of the Fair Market Rent for the Renewal Premises,

          (2) the later to occur of (I) six (6) months before the Scheduled Option Space Commencement
Date, and (II) the thirtieth (30th) day after the date that Tenant gives the applicable Option
Response Notice to Landlord, with respect to the Rent Notice for the determination of the Fair
Market Rent for the Applicable Option Space, and

          (3) the later to occur of (I) six (6) months before the Scheduled Additional Space
Commencement Date, and (II) the thirtieth (30th) day after the date that Tenant gives the
applicable Additional Space Notice to Landlord, with respect to the Rent Notice for the
determination of the Fair Market Rent for the applicable Additional Space,

as the case may be, which Rent Notice shall set forth each of their respective determinations of
the Fair Market Rent (Landlord’s determination of the Fair Market Rent is referred to as
“Landlord’s Determination” and Tenant’s determination of the Fair Market Rent is referred
to as “Tenant’s Determination”). If (i) Landlord fails to give Landlord’s Determination to
Tenant, and (ii) Tenant tenders Tenant’s Determination to Landlord, then the Fair Market Rent for
the Applicable Area shall be Tenant’s Determination. If (i) Tenant fails to give Tenant’s
Determination to Landlord, and (ii) Landlord tenders Landlord’s Determination to Tenant, then the
Fair Market Rent for the Applicable Area shall be Landlord’s Determination.

          (B) If Tenant’s Determination is lower than Landlord’s Determination, then Landlord and Tenant
shall attempt in good faith to agree upon the Fair Market Rent for a period of thirty (30) days
after the date that Landlord gives Landlord’s Determination to Tenant, and Tenant gives Tenant’s
Determination to Landlord. If Tenant’s Determination is higher than Landlord’s Determination, then
the Fair Market Rent for the Applicable Area shall be the average of Landlord’s Determination and
Tenant’s Determination. If Landlord and Tenant do not agree
on the Fair Market Rent for the Applicable Area within thirty (30) days after the date that
Landlord gives Landlord’s Determination to Tenant, and the date that Tenant gives Tenant’s
Determination to Landlord, then Landlord and Tenant shall select jointly an independent real estate
appraiser that (i) neither Landlord nor Tenant, nor any of their respective Affiliates, has engaged
during the immediately preceding period of three (3) years, and (ii) has at least ten (10) years of
experience in leasing properties that are similar in character to the Building (such appraiser
being referred to herein as the “Appraiser”). Landlord and Tenant shall each pay fifty
percent (50%) of the Appraiser’s fee. If Landlord and Tenant do not agree on the Appraiser

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within
ten (10) days after the last day of such period of thirty (30) days, then either party shall have
the right to institute an Expedited Arbitration Proceeding for the sole purpose of designating the
Appraiser.

          (C) The parties shall instruct the Appraiser to (i) conduct the hearings and investigations
that he or she deems appropriate, and (ii) choose either Landlord’s Determination or Tenant’s
Determination as the better estimate of Fair Market Rent for the Applicable Area, within thirty
(30) days after the date that the Appraiser is designated. The Appraiser’s aforesaid choice shall
be conclusive and binding upon Landlord and Tenant. Each party shall pay its own counsel fees and
expenses, if any, in connection with the procedure described in this Article 21. The Appraiser
shall not have the power to supplement or modify any of the provisions of this Lease.

          (D) If the final determination of the Fair Market Rent is not made on or before the Applicable
Date in accordance with the provisions of this Article 21, then, pending such final determination,
the Fair Market Rent shall be deemed to be an amount equal to the average of Landlord’s
Determination and Tenant’s Determination. If, based upon the final determination hereunder of the
Fair Market Rent, the payments made by Tenant on account of the Rental for the period prior to the
final determination of the Fair Market Rent were less than the Rental payable for such period, then
Tenant, not later than the tenth (10th) day after Landlord’s demand therefor, shall pay to Landlord
the amount of such deficiency, together with interest thereon at the Base Rate. If, based upon the
final determination of the Fair Market Rent, the payments made by Tenant on account of the Rental
for the period prior to the final determination of the Fair Market Rent were more than the Rental
due hereunder for such period, then Landlord, not later than the tenth (10th) day after Tenant’s
demand therefor, shall pay such excess to Tenant, together with interest thereon at the Base Rate
(it being agreed that if Landlord fails to make such payment within thirty (30) days after Tenant’s
demand therefor, then Tenant shall have the right to apply against the Rental thereafter coming due
hereunder a credit in an aggregate amount equal to such excess and such interest, until such credit
is exhausted).

Article 22

DEFAULT 

     22.1. Events of Default. 

     The term “Event of Default” shall mean the occurrence of any of the following events:

          (A) Tenant fails to pay any installment of Fixed Rent when due and such failure continues for
five (5) Business Days after the date that Landlord gives notice of such failure to Tenant;
provided, however, that if (x) Tenant fails to pay any installment of Fixed Rent when due, (y)
Tenant has theretofore failed to pay at least three (3) installments of Fixed Rent when due during
the immediately preceding period of twelve (12) months, and (z) Landlord has theretofore given
Tenant notice of Tenant’s aforesaid failure to pay when due at least three (3) installments of
Fixed Rent during such period of twelve (12) months, then Tenant’s failure to pay

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such installment
of Fixed Rent shall constitute an Event of Default (without Landlord’s being required to first give
Tenant notice of such failure and an opportunity to cure such failure, as aforesaid);

          (B) Tenant fails to pay any installment of Rental (other than Fixed Rent) when due and such
failure continues for five (5) Business Days after the date that Landlord gives notice of such
failure to Tenant;

          (C) a Permitted Party’s interest under the applicable Occupancy Agreement devolves upon or
passes to any other Person, whether by operation of law or otherwise, except as expressly permitted
under Article 17 hereof, and such Transfer is not reversed within ten (10) days after the date that
such Transfer occurs;

          (D) Tenant defaults in respect of Tenant’s obligations under Section 4.14 hereof, and such
default continues for more than three (3) Business Days after Landlord gives Tenant notice thereof;

          (E) Tenant defaults in respect of Tenant’s obligations under Section 7.5(A)(2) hereof, and
such default continues for more than five (5) Business Days after Landlord gives Tenant notice
thereof;

          (F) (i) Landlord presents the Letter of Credit for payment in accordance with the terms
hereof, (ii) the issuer thereof fails to make payment thereon in accordance with the terms thereof,
and (iii) either Tenant or such issuer fails to make such payment to Landlord within two (2)
Business Days after the date that Landlord gives Tenant notice of such failure of such issuer;

          (G) Tenant fails to provide Landlord with a replacement Letter of Credit after Landlord
presents the Letter of Credit for payment to apply the proceeds thereof after the occurrence of an
Event of Default as provided in Section 26.2 hereof within five (5) Business Days after the date
that Landlord gives Tenant notice demanding that Tenant provide such replacement;

          (H) an Insolvency Event occurs;

          (I) Tenant defaults in the observance or performance of any other covenant of this Lease on
Tenant’s part to be observed or performed and Tenant fails to remedy such default within thirty
(30) days after Landlord gives Tenant notice thereof, except that if (i) such default cannot be
remedied with reasonable diligence during such period of thirty (30) days, (ii) Tenant takes
reasonable steps during such period of thirty (30) days to commence Tenant’s remedying of such
default, and (iii) Tenant prosecutes diligently Tenant’s remedying of such default to completion,
then an Event of Default shall not occur by reason of such default; or

          (J) the Premises are abandoned prior to the Rent Commencement Date.

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     22.2. Termination. 

     If (1) an Event of Default occurs, and (2) Landlord, at any time thereafter, at Landlord’s
option, gives a notice to Tenant stating that this Lease and the Term shall expire and terminate on
the third (3rd) Business Day after the date that Landlord gives Tenant such notice, then this Lease
and the Term and all rights of Tenant under this Lease shall expire and terminate as of the third
(3rd) Business Day after the date that Landlord gives Tenant such notice, and Tenant immediately
shall quit and surrender the Premises, but Tenant shall nonetheless remain liable for all of its
obligations hereunder, as provided in Article 24 hereof and Article 25 hereof.

Article 23

TENANT’S INSOLVENCY

     23.1. Assignments pursuant to the Bankruptcy Code. 

          (A) The term “Bankruptcy Code” shall mean 11 U.S.C. Section 101 et seq., or any
statute of similar nature and purpose.

          (B) If Tenant, Tenant’s trustee or Tenant as debtor-in-possession (each, an “Insolvency
Party”) proposes to assign the tenant’s interest hereunder pursuant to the provisions of the
Bankruptcy Code to any Person that has made a bona fide offer to accept an assignment of the
tenant’s interest under this Lease on terms acceptable to Tenant, then the Insolvency Party shall
give to Landlord notice of such proposed assignment no later than twenty (20) days after the date
that the Insolvency Party receives such offer, but in any event no later than ten (10) days before
the date that the Insolvency Party makes application to a court of competent jurisdiction for
authority and approval to consummate such assignment. Such notice given by the Insolvency Party to
Landlord shall (a) set forth the name and address of such Person that has made such bona fide
offer, (b) set forth all of the terms and conditions of such bona fide offer, and (c) confirm that
such Person will provide to Landlord adequate assurance of future performance that conforms with
the terms of Section 23.1(D) hereof. Landlord shall have the right to accept an assignment of this
Lease upon the same terms and conditions and for the same consideration, if any, as the bona fide
offer made by such Person (less any brokerage commissions that would otherwise be payable by the
Insolvency Party out of the consideration to be paid by such Person in connection with such
assignment of the tenant’s interest under this
Lease), by giving notice thereof to the Insolvency Party at any time prior to the effective
date of such proposed assignment.

          (C) Tenant shall pay to Landlord an amount equal to the reasonable Out-of-Pocket Costs that
Landlord incurs in connection with Tenant’s assignment of the tenant’s interest hereunder pursuant
to the provisions of the Bankruptcy Code, within thirty (30) days after Landlord’s submission to
Tenant of an invoice therefor that contains reasonable supporting documentation for the charges
described therein.

          (D) A Person that submits a bona fide offer to take by assignment the tenant’s interest under
this Lease as described in Section 23.1(B) hereof shall be deemed to have provided Landlord with
adequate assurance of future performance only if such Person (a) deposits with

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Landlord
simultaneously with such assignee’s taking by assignment the tenant’s interest under this Lease an
amount equal to the then annual Fixed Rent, as security for the faithful performance and observance
by such assignee of the tenant’s obligations of this Lease (and such Person gives to Landlord, at
least five (5) days prior to the date that the proposed assignment becomes effective, information
reasonably satisfactory to Landlord that indicates that such Person has the ability to post such
deposit), (b) gives to Landlord, at least five (5) days prior to the date that the proposed
assignment becomes effective, such Person’s financial statements, audited by a certified public
accountant in accordance with generally accepted accounting principles or international financial
reporting standards, if and when the same may be adopted, in either case, consistently applied, for
the three (3) fiscal years that immediately precede such assignment, that indicate that such Person
has a tangible net worth of at least ten (10) times the then annual Fixed Rent for each of such
three (3) years, and (c) gives to Landlord, at least five (5) days prior to the date that the
proposed assignment becomes effective, such other information or takes such action that in either
case Landlord, in its reasonable judgment, determines is necessary to provide adequate assurance of
the performance by such assignee of the obligations of the tenant under this Lease; provided,
however, that in no event shall such adequate assurance of future performance be less favorable to
Landlord than the assurance contemplated by Section 365(b)(3) of the Bankruptcy Code
(notwithstanding that this Lease may not be construed as a lease of real property in a shopping
center).

          (E) If Tenant’s interest under this Lease is assigned to any Person pursuant to the provisions
of the Bankruptcy Code, then any such assignee shall (x) be deemed without further act or deed to
have assumed all the obligations of the tenant arising under this Lease from and after the date of
such assignment, and (y) execute and deliver to Landlord upon demand an instrument confirming such
assumption.

          (F) Nothing contained in this Article 23 limits Landlord’s rights against Tenant under Article
17 hereof.

     23.2. Replacement Lease. 

     If (i) Tenant is not the Person that constituted Tenant initially, and (ii) either (I) this
Lease is disaffirmed or rejected pursuant to the Bankruptcy Code, or (II) this Lease terminates by
reason of occurrence of an Insolvency Event, then, subject to the terms of this Section 23.2, the
Persons that constituted Tenant hereunder previously, including, without limitation, the Person
that constituted Tenant initially (each such Person that previously constituted Tenant
hereunder (but does not then constitute Tenant hereunder), and with respect to which Landlord
exercises Landlord’s rights under this Section 23.2, being referred to herein as a “Predecessor
Tenant”) shall (1) pay to Landlord the aggregate Rental that is then due and owing by Tenant to
Landlord under this Lease to and including the date of such disaffirmance, rejection or
termination, and (2) enter into a new lease, between Landlord, as landlord, and the Predecessor
Tenant, as tenant, for the Premises, and for a term commencing on the effective date of such
disaffirmance, rejection or termination and ending on the Fixed Expiration Date (or the last day of
the Renewal Term, if such disaffirmance, rejection or termination occurs during the Renewal Term),
at the same Fixed Rent and upon the then executory terms that are contained in this Lease, except
that (a) the Predecessor Tenant’s rights under the new lease shall be subject to the possessory
rights of Tenant under this Lease and the possessory rights of any Person claiming by, through or
under

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Tenant or by virtue of any statute or of any order of any court, and (b) such new lease shall
require all defaults existing under this Lease to be cured by the Predecessor Tenant with
reasonable diligence. Landlord shall have the right to require the Predecessor Tenant to execute
and deliver such new lease on the terms set forth in this Section 23.2 only by giving notice
thereof to Tenant and to the Predecessor Tenant within thirty (30) days after Landlord receives
notice of any such disaffirmance or rejection (or, if this Lease terminates by reason of Landlord
making an election to do so, then Landlord may exercise such right only by giving such notice to
Tenant and the Predecessor Tenant within thirty (30) days after this Lease so terminates). If the
Predecessor Tenant defaults in its obligation to enter into said new lease for a period of ten (10)
days following Landlord’s request therefor, then, in addition to all other rights and remedies by
reason of such default, either at law or in equity, Landlord shall have the same rights and
remedies against such Predecessor Tenant as if such Predecessor Tenant had entered into such new
lease and such new lease had thereafter been terminated as of the commencement date thereof by
reason of such Predecessor Tenant’s default thereunder.

     23.3. Insolvency Events. 

     This Lease shall terminate automatically upon the occurrence of any of the following events:

          (A) a Tenant Obligor commences or institutes any case, proceeding or other action (a) seeking
relief on its behalf as debtor, or to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other
relief with respect to it or its debts under any existing or future law of any jurisdiction,
domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, or
(b) seeking appointment of a receiver, trustee, custodian or other similar official for it or for
all or any substantial part of its property; or

          (B) a Tenant Obligor makes a general assignment for the benefit of creditors; or

          (C) any case, proceeding or other action is commenced or instituted against a Tenant Obligor
(a) seeking to have an order for relief entered against it as debtor or to adjudicate it a bankrupt
or insolvent, or seeking reorganization, arrangement, adjustment, winding-up,
liquidation, dissolution, composition or other relief with respect to it or its debts under
any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy,
insolvency, reorganization or relief of debtors, or (b) seeking appointment of a receiver, trustee,
custodian or other similar official for it or for all or any substantial part of its property,
which in either of such cases (i) results in any such entry of an order for relief, adjudication of
bankruptcy or insolvency or such an appointment or the issuance or entry of any other order having
a similar effect, and (ii) remains undismissed for a period of ninety (90) days; or

          (D) any case, proceeding or other action is commenced or instituted against a Tenant Obligor
seeking issuance of a warrant of attachment, execution, distraint or similar process against all or
any substantial part of its property which results in the entry of an order for any such relief
which is not vacated, discharged, or stayed or bonded pending appeal within ninety (90) days from
the entry thereof; or

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          (E) a Tenant Obligor takes any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any of the acts set forth in clauses (A), (B), (C), or (D) above;
or

          (F) a trustee, receiver or other custodian is appointed for any substantial part of a Tenant
Obligor’s assets, and such appointment is not vacated or stayed within fifteen (15) Business Days
or if such event occurs without the acquiescence of Tenant, ninety (90) days (the events described
in this Section 23.3 being collectively referred to herein as “Insolvency Events”).

The term “Tenant Obligor” shall mean (a) Tenant, (b) any Person that comprises Tenant (if
Tenant is comprised of more than one (1) Person), (c) any partner in Tenant (if Tenant is a general
partnership), (d) any general partner in Tenant (if Tenant is a limited partnership), (e) any
Person that has guarantied all or any part of the obligations of Tenant hereunder, and (f) any
Person that previously constituted Tenant hereunder; provided, however, that if (i) Tenant’s
tangible net worth, determined in accordance with generally accepted accounting principles or
international financial reporting standards, if and when the same may be adopted, in either case,
consistently applied, is equal to or greater than twelve (12) times the annual Rental that is then
payable hereunder as of the date that the Insolvency Event occurs, and (ii) Tenant, within
forty-five (45) days after the occurrence of the Insolvency Event, gives to Landlord audited
financial statements of Tenant for the fiscal quarter most recently ended that reflect such
tangible net worth, then a Tenant Obligor shall not include (I) any Person that has guarantied all
or any part of the obligations of Tenant hereunder, or (II) any Person that previously constituted
Tenant hereunder, unless either case such Person is an Affiliate of Tenant. If this Lease
terminates pursuant to this Section 23.3, then (I) Tenant immediately shall quit and surrender the
Premises, and (II) Tenant shall nonetheless remain liable for all of its obligations hereunder, as
provided in Article 24 hereof and Article 25 hereof.

     23.4. Effect of Stay. 

     Notwithstanding anything to the contrary contained herein, if (i) Landlord’s right to
terminate this Lease after the occurrence of an Event of Default, or the termination of this Lease
upon the occurrence of an Insolvency Event, is stayed by order of any court having jurisdiction
over an Insolvency Event, or by federal or state statute, (ii) the trustee appointed in
connection with an Insolvency Event, or Tenant or Tenant as debtor-in-possession, fails to assume
Tenant’s obligations under this Lease on or prior to the earliest to occur of (a) the last day of
the period prescribed therefor by law, (b) the one hundred twentieth (120th) day after entry of the
order for relief, or (c) a date that is otherwise designated by the court, or (iii) said trustee,
Tenant or Tenant as debtor-in-possession fails to provide adequate protection of Landlord’s right,
title and interest in and to the Premises or adequate assurance of the complete and continuous
future performance of Tenant’s obligations under this Lease as provided in Section 23.1(D) hereof,
then Landlord, to the extent permitted by law or by leave of the court having jurisdiction over
such proceeding, shall have the right, at its election, to terminate this Lease on five (5)
Business Days of advance notice to Tenant, Tenant as debtor-in-possession or said trustee, and,
upon the expiration of said period of five (5) Business Days, this Lease shall cease and expire as
aforesaid and Tenant, Tenant as debtor-in-possession or said trustee shall immediately quit and
surrender the Premises as aforesaid.

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     23.5. Rental for Bankruptcy Purposes. 

     Notwithstanding anything contained in this Lease to the contrary, all amounts payable by
Tenant to or on behalf of Landlord under this Lease, regardless of whether such amounts are
expressly denominated as Rental, shall constitute rent for the purposes of Section 502(b)(6) of the
Bankruptcy Code, and Tenant’s payment obligations with respect thereto shall constitute obligations
to be timely performed pursuant to Section 365(d) of the Bankruptcy Code.

Article 24

REMEDIES AND DAMAGES

     24.1. Certain Remedies. 

          (A) If (x) an Event of Default occurs and this Lease and the Term expires and comes to an end
as provided in Article 22 hereof, or (y) this Lease terminates as provided in Section 23.3 hereof,
then:

          (1) Tenant shall immediately quit and peacefully surrender the Premises to Landlord, and
Landlord and its agents may, without prejudice to any other remedy which Landlord may have, (a)
re-enter the Premises or any part thereof, without notice, either by summary proceedings, or by any
other applicable action or proceeding, or by lawful force (without being liable to indictment,
prosecution or damages therefor), (b) repossess the Premises and dispossess Tenant and any other
Persons from the Premises, and (c) remove any and all of their property and effects from the
Premises; and

          (2) Landlord, at Landlord’s option, may relet the whole or any portion or portions of the
Premises from time to time, either in the name of Landlord or otherwise, to such tenant or tenants,
for such term or terms ending before, on or after the Fixed Expiration Date, at such rental or
rentals and upon such other conditions, which may include concessions and free rent periods, as
Landlord, in its sole discretion, may determine.

          (B) Landlord shall have no obligation to relet the Premises or any part thereof and shall not
be liable for refusal or failure to relet the Premises or any part thereof, or, in the event of any
such reletting, for refusal or failure to collect any rent due upon any such reletting. Any such
refusal or failure on Landlord’s part shall not relieve Tenant of any liability under this Lease or
otherwise affect any such liability. Landlord, at Landlord’s option, may make such repairs,
replacements, alterations, additions, improvements, decorations and other physical changes in and
to the Premises as Landlord, in its sole discretion, considers advisable or necessary in connection
with any such reletting or proposed reletting, without relieving Tenant of any liability under this
Lease or otherwise affecting any such liability.

          (C) In the event of a breach or threatened breach by Tenant, or any Persons claiming by,
through or under Tenant, of any term, covenant or condition of this Lease, Landlord shall have the
right to (1) enjoin or restrain such breach, (2) invoke any other remedy allowed by law or in
equity as if re-entry, summary proceedings and other special remedies were not provided in this
Lease for such breach, and (3) seek any declaratory, injunctive or other equitable relief, and
specifically enforce this Lease. The right to invoke the remedies hereinbefore set

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forth are
cumulative and nonexclusive and shall not preclude Landlord from invoking any other remedy allowed
at law or in equity.

     24.2. No Redemption. 

     Tenant, on its own behalf and on behalf of all Persons claiming by, through or under Tenant,
including all creditors, does hereby waive any and all rights which Tenant and all such Persons
might have under any present or future law to redeem the Premises, or to re-enter or repossess the
Premises, or to restore the operation of this Lease, after (a) Tenant has been dispossessed by a
judgment or by warrant of any court or judge, or (b) any re-entry by Landlord, or (c) any
expiration or termination of this Lease and the Term, whether such dispossess, re-entry, expiration
or termination is by operation of law or pursuant to the provisions of this Lease. The words
“re-enter,” “re-entry” and “re-entered” as used in this Lease shall not be deemed to be restricted
to their technical legal meanings.

     24.3. Calculation of Damages. 

          (A) If this Lease terminates by reason of the occurrence of an Event of Default or by reason
of the occurrence of an Insolvency Event, then Tenant shall pay to Landlord, on demand, and
Landlord shall be entitled to recover:

          (1) all Rental payable under this Lease by Tenant to Landlord (x) to the date that this Lease
terminates, or (y) to the date of re-entry upon the Premises by Landlord, as the case may be;

          (2) the excess of (a) the Rental for the period which otherwise would have constituted the
unexpired portion of the Term, over (b) the net amount, if any, of rents collected under any
reletting effected pursuant to the provisions of clause (2) of Section 24.1(A) hereof for any part
of such period (such excess being referred to herein as a “Deficiency”), as damages (it
being understood that (x) such net amount described in clause (b) above shall be calculated by
deducting from the rents collected under any such reletting all of
Landlord’s expenses in connection with the termination of this Lease, Landlord’s re-entry upon
the Premises and such reletting, including, but not limited to, all repossession costs, brokerage
commissions, legal expenses, attorneys’ fees and disbursements, alteration costs, contributions to
work and other expenses of preparing the Premises for such reletting, (y) any such Deficiency shall
be paid in monthly installments by Tenant on the days specified in this Lease for payment of
installments of Fixed Rent or Escalation Rent (as the case may be), and (z) Landlord shall be
entitled to recover from Tenant each monthly Deficiency as it arises, and no suit to collect the
amount of the Deficiency for any month shall prejudice Landlord’s right to collect the Deficiency
for any subsequent month by a similar proceeding); and

          (3) regardless of whether Landlord has collected any monthly Deficiency as aforesaid, and in
lieu of any further Deficiency, as and for liquidated and agreed final damages, an amount equal to
the excess (if any) of (a) the Rental for the period which otherwise would have constituted the
unexpired portion of the Term (commencing on the date immediately succeeding the last date with
respect to which a Deficiency, if any, was collected), over (b) the then fair and reasonable net
effective rental value of the Premises for the same period (which is

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calculated by (X) deducting
from the fair and reasonable rental value of the Premises the expenses that Landlord would
reasonably expect to incur in reletting the Premises, including, but not limited to, all
repossession costs, brokerage commissions, legal expenses, attorneys’ fees and disbursements,
alteration costs, contributions to work and other expenses of preparing the Premises for such
reletting, and (Y) taking into account the time period that Landlord would reasonably require to
consummate a reletting of the Premises to a new tenant), both discounted to present value at the
Base Rate. If, before presentation of proof of such liquidated damages to any court, commission or
tribunal, the Premises, or any part thereof, have been relet by Landlord to any Person other than
an Affiliate of Landlord for the period which otherwise would have constituted the unexpired
portion of the Term, or any part thereof, then the amount of rent reserved upon such reletting
shall be deemed, prima facie, to be the fair and reasonable rental value of the Premises (or the
applicable part thereof) so relet during the term of the reletting.

          (B) If the Premises, or any part thereof, are relet together with other space in the Building,
then the rents collected or reserved under any such reletting and the expenses of any such
reletting shall be equitably apportioned for the purposes of this Section 24.3. Tenant
acknowledges and agrees that in no event shall it be entitled to any rents collected or payable
under any reletting, regardless of whether such rents exceed the Rental reserved in this Lease.

          (C) Nothing contained in this Article 24 shall be deemed to limit or preclude the recovery by
Landlord from Tenant of the maximum amount allowed to be obtained as damages by any applicable
statute or rule of law, or of any sums or damages to which Landlord may be lawfully entitled in
addition to the damages set forth in this Section 24.3.

Article 25

LANDLORD’S EXPENSES AND LATE CHARGES

     25.1. Landlord’s Costs. 

          (A) Tenant shall pay to Landlord an amount equal to the reasonable costs that Landlord incurs
in instituting or prosecuting any legal proceeding against Tenant (or any other Person claiming by,
through or under Tenant) to the extent that such legal proceeding derives from the occurrence of an
Event of Default, together with interest thereon calculated at the Applicable Rate from the date
that Landlord incurs such costs, within thirty (30) days after Landlord gives to Tenant an invoice
therefor (it being understood that (x) Landlord shall have the right to collect such amount from
Tenant as additional rent to the extent that Landlord incurs such costs during the Term and as
damages to the extent that Landlord incurs such costs after the Expiration Date, and (y) the amount
that Landlord has the right to collect from Tenant under this Section 25.1(A) shall be adjusted
appropriately to reflect the extent to which Landlord is successful in such legal proceeding).

          (B) Tenant shall pay to Landlord an amount equal to the reasonable costs that Landlord incurs
in defending successfully against a claim made by Tenant (or any other Person claiming by, through
or under Tenant) against Landlord that relates to this Lease in a legal proceeding, together with
interest thereon calculated at the Applicable Rate from the date that Landlord incurs such costs,
within thirty (30) days after Landlord gives to Tenant an invoice

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therefor (it being understood
that (x) Landlord shall have the right to collect such amount from Tenant as additional rent to the
extent that Landlord incurs such costs during the Term and as damages to the extent that Landlord
incurs such costs after the Expiration Date, and (y) the amount that Landlord has the right to
collect from Tenant under this Section 25.1(B) shall be adjusted appropriately to reflect the
extent to which Landlord is successful in defending against such claim).

     25.2. Legal Proceeding Costs.

     If Landlord or Tenant, as the case may be, institutes or prosecutes any legal proceeding
against the other arising out of this Lease, then the losing party in any such legal proceeding
shall pay to the prevailing party an amount equal to the reasonable actual Out-of-Pocket Costs that
the prevailing party incurred in instituting or prosecuting or defending such legal proceeding,
together with interest thereon calculated at the Applicable Rate from the date that the prevailing
party incurred such costs, within thirty (30) days after the prevailing party gives to the
non-prevailing party an invoice therefor. If the determination in any such legal proceeding is
that the prevailing party was partially liable, then the non-prevailing party shall pay to the
prevailing party the percentage of the aforesaid costs equal to the percentage by which the
prevailing party was successful (so that if, for example, the prevailing party was determined in
any such proceeding to be twenty percent (20%) liable, then the non-prevailing party would pay the
prevailing party only eighty percent (80%) of the prevailing party’s costs to institute or
prosecute or defend such legal proceeding).

     25.3. Interest on Late Payments. 

     If Tenant fails to pay any item of Rental on or prior to the fifth (5th) Business Day after
the date that such payment is due, then Tenant shall pay to Landlord, in addition to such item of
Rental, as a late charge and as additional rent, an amount equal to interest at the Applicable Rate
on the amount unpaid, computed from the date such payment was due to and including the date of
payment. Nothing contained in this Section 25.2 limits Landlord’s rights and remedies, by
operation of law or otherwise, after the occurrence of an Event of Default.

Article 26 

SECURITY

     26.1. Security Deposit. 

          (A) Landlord and Tenant acknowledge and agree that (x) as of the date hereof, Tenant occupies
certain space at the building known as One Penn Plaza, New York, New York pursuant to the terms of
that certain Lease, dated as of March 21, 1996 (as heretofore amended, the “One Penn
Lease”), between Mid-City Associates, as predecessor-in-interest to Landlord’s Affiliate, One
Penn Plaza LLC (“One Penn Landlord”), and First Albany Companies, Inc.,
predecessor-in-interest to Tenant and (y) simultaneously herewith, Tenant shall enter into an
assignment of the One Penn Lease (the “One Penn Assignment”) to Landlord pursuant to which
Tenant from and after the Effective Date (as such term is defined in the One Penn Assignement)

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shall be released from its obligations accruing under and shall have no further rights under the
One Penn Lease. Landlord hereby acknowledges and agrees that as of the date hereof, One Penn
Landlord, is currently holding a letter of credit in an amount equal to Two Million One Hundred
Thousand Dollars and No Cents ($2,100,000.00) (the “Existing Letter of Credit” as security
under the One Penn Lease. Subject to the terms of this Article 26, Tenant, on or prior to the
Office Premises Rent Commencement Date, at Tenant’s option, shall deposit with Landlord, as
security for the performance of Tenant’s obligations under this Lease, either (I) an amendment to
the Existing Letter of Credit which shall increase the amount thereof to Three Million Seven
Hundred Thousand Dollars and No Cents ($3,700,000.00) (the “Security Amount”), name
Landlord as the beneficiary thereof in which case Landlord shall cause One Penn Landlord to
cooperate in all reasonable respects in connection therewith, and which shall otherwise amend the
provisions thereof as necessary to satisfy the requirements set forth in this Section 26.1 or (II)
an unconditional, irrevocable and transferable letter of credit (the “Letter of Credit”)
that (i) is an amount equal to the Security Amount (ii) is in a form that is reasonably
satisfactory to Landlord, including, without limitation, payable on a sight draft only (iii) is
issued for a term of not less than one (1) year, (iv) is issued for the account of Landlord, (v)
automatically renews for periods of not less than one (1) year unless the issuer thereof otherwise
advises Landlord on or prior to the thirtieth (30th) day before the applicable expiration date, and
(vi) is issued by, and drawn on, a bank that (a) has a Standard & Poor’s rating of at least “A”
(or, if Standard & Poor’s hereafter ceases the publication of ratings for banks, a rating of a
reputable rating agency as reasonably designated by Landlord that most
closely approximates a Standard & Poor’s rating of “A” as of the date hereof), (b) has not
been declared insolvent or placed into receivership in either case by Federal Deposit Insurance
Corporation or another governmental entity that has regulatory authority over such bank, (c) has
been noted as being “stable” by the rating agency that provides the rating for such bank at a level
that satisfies the requirements of clause (a) above, and (d) that either (I) has an office in the
city where the Building is located at which Landlord can present the Letter of Credit for payment,
or (II) has an office in the United States and allows Landlord to draw upon the Letter of Credit
without presenting a draft in person (such as, for example, by submitting a draft by fax or
overnight delivery service) (the aforesaid requirements for the bank that issues the Letter of
Credit being collectively referred to herein as the “Bank Requirements”). If Tenant elects
to amend and actually amends the Existing Letter of Credit in accordance with the terms hereof then
such Existing Letter of Credit shall be deemed the Letter of Credit for purposes of this Lease.
Notwithstanding anything to the contrary contained herein, if during the Term, Tenant exercises the
Option, subject to and in accordance with the provisions of Article 18 hereof, or the Additional
Space Option, subject to and in accordance with the provisions of Article 19 hereof, then Tenant
shall amend the Letter of Credit to increase the Security Amount to the extent required by Landlord
as set forth in Section 18.5(G) and 19.5(H), as the case may be and in such event the Letter of
Credit and the Security Amount as so increased, shall be deemed the Security Amount and the Letter
of Credit for purposes of this Lease.

     26.2. Landlord’s Rights. 

     If (a) an Event of Default occurs and is continuing, (b) an Insolvency Event occurs, or (c)
Tenant fails to vacate the Premises and surrender possession thereof in accordance with the terms
of this Lease upon the Expiration Date, then Landlord may present the Letter of Credit for payment
and apply the proceeds thereof (i) to the payment of any Rental that then remains unpaid, or (ii)
to any damages to which Landlord is entitled hereunder and that Landlord incurs

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by reason of such
Event of Default or such Insolvency Event or Tenant’s aforesaid failure to vacate the Premises or
surrender possession thereof in accordance with the terms of this Lease upon the Expiration Date.
If Landlord so applies any part of the proceeds of the Letter of Credit, then Tenant, upon demand,
shall provide Landlord with a replacement Letter of Credit so that Landlord has the full amount of
the required security at all times during the Term. If at any time the issuer of the Letter of
Credit does not meet the Bank Requirements (it being understood that if Standard & Poor’s hereafter
ceases the publication of ratings for banks, the parties, in determining whether the issuer of the
Letter of Credit meets the Bank Requirements, shall substitute for the rating of Standard & Poor’s
a rating of a reputable rating agency as reasonably designated by Landlord that most closely
approximates a Standard & Poor’s rating of “A” as of the date hereof), then Tenant shall deliver to
Landlord a replacement Letter of Credit, issued by a bank that satisfies the Bank Requirements (and
otherwise meets the requirements set forth in Section 26.1 hereof) within fifteen (15) days after
the date that Landlord gives Tenant notice of such issuer’s failure to satisfy the Bank
Requirements. If Tenant fails to deliver to Landlord such replacement Letter of Credit within such
period of fifteen (15) days, then Landlord, in addition to Landlord’s other rights at law, in
equity or as otherwise set forth herein, shall have the right to present the Letter of Credit for
payment and retain the proceeds thereof as security in lieu of the Letter of Credit (it being
agreed that Landlord shall have the right to use, apply and transfer such proceeds in the manner
described in this Article 26). Tenant shall reimburse Landlord for any
reasonable costs that Landlord incurs in so presenting the Letter of Credit for payment within
thirty (30) days after Landlord submits to Tenant an invoice therefor. Nothing contained in this
Section 26.2 limits Landlord’s rights or remedies in equity, at law, or as otherwise set forth
herein.

     26.3. Return of Security. 

     Landlord shall return to Tenant the Letter of Credit (to the extent not theretofore presented
for payment in accordance with the terms hereof) within thirty (30) days after Tenant performs all
of the obligations of Tenant hereunder upon the expiration or earlier termination of the Term.
Landlord’s obligations under this Section 26.3 shall survive the expiration or earlier termination
of the Term.

     26.4. Transfer of Letter of Credit.

     Tenant, at Tenant’s expense, shall cause the issuer of the Letter of Credit to amend the
Letter of Credit to name a new beneficiary thereunder in connection with Landlord’s assignment of
Landlord’s rights under this Lease to a Person that succeeds to Landlord’s interest in the Real
Property, promptly after Landlord’s request from time to time; it being understood, however, that
in no event shall Tenant be required to pay any expenses in connection with any required amendment
of the Letter of Credit as a result of any such transfer more frequently than once in any twelve
(12) month period.

     26.5. Renewal of Letter of Credit. 

     If Tenant fails to provide Landlord with a replacement Letter of Credit that complies with the
requirements of this Article 26 on or prior to the thirtieth (30th) day before the
expiration date of the Letter of Credit that is then expiring, then Landlord may present the Letter
of Credit for

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payment and retain the proceeds thereof as security in lieu of the Letter of Credit
(it being agreed that Landlord shall have the right to use, apply and transfer such proceeds in the
manner described in this Article 26). Tenant shall reimburse Landlord for any reasonable costs
that Landlord incurs in so presenting the Letter of Credit for payment within thirty (30) days
after Landlord submits to Tenant an invoice therefor. Landlord also shall have the right to so
present the Letter of Credit and so retain the proceeds thereof as security in lieu of the Letter
of Credit at any time from and after the thirtieth (30th) day before the Expiration Date if the
Letter of Credit expires earlier than the ninetieth (90th) day after the Expiration Date.

     26.6. Reduction in Security Amount.

          (A) Subject to the terms of Section 18.4(F) hereof, Section 19.4(C) hereof, and this Section
26.6, Tenant shall have the right to reduce the amount of the Letter of Credit to Three Million One
Hundred Sixty-Six Thousand Six Hundred Sixty-Seven Dollars and No Cents ($3,166,667.00) as of the
date that is three (3) years after the Rent Commencement Date, and to further reduce the amount of
the Letter of Credit to Two Million Six Hundred Thirty-Three Thousand Three Hundred Thirty-Three
Dollars and No Cents ($2,633,333.00) as of the date that is six (6) years after the Rent
Commencement Date, and to further reduce the amount of the Letter of Credit to Two Million One
Hundred Thousand Dollars and No Cents ($2,100,000.00)
as of the date that is nine (9) years after the Rent Commencement Date. Notwithstanding the
foregoing to the contrary, if during the Term, Tenant exercises the Option, subject to and in
accordance with the provisions of Article 18 hereof, or the Additional Space Option, subject to and
in accordance with the provisions of Article 19 hereof, then the aforesaid amounts shall be
increased to include the amount of the security, if any, required for the Option Space and/or the
Additional Space, as the case may be.

          (B) Tenant shall have the right to request any such reduction only by giving notice thereof to
Landlord at any time from and after the tenth (10th) day before the date that Tenant is entitled to
such reduction. Tenant shall not be entitled to reduce the amount of the Letter of Credit if (I)
an Event of Default has occurred and is continuing on the date that Tenant requests such reduction
or the date that Landlord consummates such reduction, or (II) Landlord theretofore applied all or
any portion of the security deposited hereunder. If Tenant requests and is entitled to any such
reduction in accordance with the terms of this Section 26.6, then Landlord shall permit Tenant, at
Tenant’s expense, to amend or replace the Letter of Credit to reflect such reduction.

Article 27

END OF TERM

     27.1. End of Term. 

     On the Expiration Date, Tenant shall quit and surrender to Landlord the Premises, vacant,
broom-clean, in good order and condition, ordinary wear and tear and damage for which Tenant is not
responsible under the terms of this Lease excepted, and otherwise in compliance with the provisions
hereof. Tenant expressly waives, for itself and for any Person claiming by, through or under
Tenant, any rights which Tenant or any such Person may have under the provisions of

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Section 2201 of
the New York Civil Practice Law and Rules and of any successor law of like import then in force in
connection with any holdover summary proceedings that Landlord institutes to enforce the provisions
of this Article 27.

     27.2. Holdover. 

     If vacant and exclusive possession of the Premises is not surrendered to Landlord on
the Expiration Date, then Tenant shall pay to Landlord on account of use and occupancy
of the Premises, for each month (or any portion thereof) during which Tenant (or a Person
claiming by, through or under Tenant) holds over in the Premises after the
Expiration Date, (i) for the first month (or portion thereof) of such holdover, an amount equal to
one hundred percent (100%) of the aggregate Rental that was payable under this Lease during the
last month of the Term, (ii) for the second month (or portion thereof) of such holdover, an amount
equal to one hundred fifty percent (150%) of the aggregate Rental that was payable under this Lease
during the last month of the Term and (ii) for each month (or portion thereof) thereafter, an
amount equal to two hundred percent (200%) of the aggregate Rental that was payable under this
Lease during the last month of the Term. Landlord’s right to collect such amount from Tenant for
use and occupancy shall be in addition to any other rights or remedies that Landlord may have
hereunder or at law or in equity (including, without limitation,
Landlord’s right to recover Landlord’s damages from Tenant that derive from vacant and
exclusive possession of the Premises not being surrendered to Landlord on the Expiration Date;
provided, however, in no event shall Landlord be entitled to such damages with respect to the first
sixty (60) day period of such holdover). Nothing contained in this Section 27.2 shall permit
Tenant to retain possession of the Premises after the Expiration Date or limit in any manner
Landlord’s right to regain possession of the Premises, through summary proceedings or otherwise.
Landlord’s acceptance of any payments from Tenant after the Expiration Date shall be deemed to be
on account of the amount to be paid by Tenant in accordance with the provisions of this Article 27.

Article 28 

NO WAIVER

     28.1. No Surrender. 

          (A) During the period prior to the Expiration Date, Landlord shall be deemed to have accepted
a surrender of the Premises only if Landlord executes and delivers to Tenant a written instrument
providing expressly therefor.

          (B) No employee of Landlord or of Landlord’s agents shall have any power to accept the keys to
the Premises prior to the Expiration Date. The delivery of such keys to any employee of Landlord
or of Landlord’s agents shall not operate as a termination of this Lease or a surrender of the
Premises. If Tenant at any time desires to have Landlord sublet the Premises on Tenant’s account,
then Landlord or Landlord’s agents are authorized to receive said keys for such purpose without
releasing Tenant from any of Tenant’s obligations under this Lease.

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     28.2. No Waiver by Landlord. 

          (A) Landlord’s failure to seek redress for violation of, or to insist upon the strict
performance of, any covenant or condition of this Lease, or any of the Rules, shall not be deemed
to be a waiver thereof. The receipt by Landlord of Rental with knowledge of the breach of any
covenant of this Lease by Tenant shall not be deemed a waiver of such breach.

          (B) No payment by Tenant or receipt by Landlord of a lesser amount than the monthly Fixed Rent
or other item of Rental herein stipulated shall be deemed to be other than on account of the
earliest stipulated Fixed Rent or other item of Rental, or as Landlord may elect to apply such
payment. No endorsement or statement on any check or any letter accompanying any check or payment
as Fixed Rent or other item of Rental shall be deemed to be an accord and satisfaction. Landlord
may accept such check or payment without prejudice to Landlord’s right to recover the balance of
such Fixed Rent or other item of Rental or to pursue any other remedy provided in this Lease or
otherwise available to Landlord at law or in equity.

          (C) Landlord’s failure during the Term to prepare and deliver any invoices, and Landlord’s
failure during the Term to make a demand for payment under any of the provisions of this Lease,
shall not in any way be deemed to be a waiver of, or cause Landlord to forfeit or surrender, its
rights to collect any item of Rental which may have become due during the Term (except to the
extent otherwise expressly set forth herein). Tenant’s liability for such
amounts shall survive the expiration or earlier termination of this Lease (except to the
extent otherwise expressly set forth herein).

          (D) No provision of this Lease shall be deemed to have been waived by Landlord, unless such
waiver is in writing signed by Landlord.

     28.3. No Waiver by Tenant. 

          (A) Tenant’s failure to seek redress for violation of, or to insist upon the strict
performance of, any covenant or condition of this Lease on Landlord’s part to be performed, shall
not be deemed to be a waiver. The payment by Tenant of any item of Rental or performance of any
obligation of Tenant hereunder with knowledge of any breach by Landlord of any covenant of this
Lease shall not be deemed a waiver of such breach, nor shall it prejudice Tenant’s right to pursue
any remedy against Landlord in this Lease provided or otherwise available to Tenant in law or in
equity. No provision of this Lease shall be deemed to have been waived by Tenant, unless such
waiver is in writing signed by Tenant.

          (B) Tenant’s failure during the Term to make a demand for payment under any of the provisions
of this Lease shall not in any way be deemed to be a waiver of, or cause Tenant to forfeit or
surrender, its rights to collect any amount which may have become due during the Term (except to
the extent otherwise expressly set forth herein). Landlord’s liability for such amounts shall
survive the expiration or earlier termination of this Lease (except to the extent otherwise
expressly set forth herein).

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Article 29

JURISDICTION

     29.1. Governing Law. 

     This Lease shall be construed and enforced in accordance with the laws of the State of New
York.

     29.2. Submission to Jurisdiction. 

     Tenant and Landlord hereby each (a) irrevocably consents and submits to the jurisdiction of
any federal, state, county or municipal court sitting in the State of New York for purposes of any
action or proceeding brought therein by one against the other concerning any matters relating to
this Lease, (b) irrevocably waives all objections as to venue and any and all rights it may have to
seek a change of venue with respect to any such action or proceedings, (c) agrees that the laws of
the State of New York shall govern in any such action or proceeding and waives any defense to any
action or proceeding granted by the laws of any other country or jurisdiction unless such defense
is also allowed by the laws of the State of New York, and (d) agrees that any final unappealable
judgment rendered against it in any such action or proceeding shall be conclusive and may be
enforced in any other jurisdiction by suit on the judgment or in any other manner provided by law.
Tenant and Landlord further agree that any action or proceeding by one against the other concerning
any matters arising out of or in any way relating to this Lease shall be brought only in the State
of New York, County of New York.

     29.3. Waiver of Trial by Jury; Counterclaims. 

          (A) Landlord and Tenant hereby waive trial by jury in any action, proceeding or counterclaim
brought by either of the parties hereto against the other on any matters whatsoever arising out of
or in any way connected with this Lease, the relationship of Landlord and Tenant, Tenant’s use or
occupancy of the Premises, or for the enforcement of any remedy under any statute, emergency or
otherwise.

          (B) If Landlord commences any summary proceeding against Tenant, then Tenant shall not
interpose any counterclaim of whatever nature or description in any such proceeding (except to the
extent that applicable law precludes Tenant from asserting such counterclaim in another
proceeding), and shall not seek to consolidate such proceeding with any other action which may have
been or will be brought in any other court by Tenant. Nothing contained in this Section 29.3(B)
limits Tenant’s right to assert claims against Landlord in a separate proceeding.

Article 30

NOTICES

     30.1. Addresses; Manner of Delivery. 

     Except as otherwise expressly provided in this Lease, any bills, statements, consents,
notices, demands, requests or other communications that a party desires or is required to give to

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the other party under this Lease shall (1) be in writing, (2) be deemed sufficiently given if (a)
delivered by hand (against a signed receipt), (b) sent by registered or certified mail (return
receipt requested), or (c) sent by a nationally-recognized overnight courier (with verification of
delivery), and (3) be addressed in each case:

if to Tenant, prior to the Office Premises Commencement Date, at:

Broadpoint Securities Group, Inc.

One Penn Plaza

New York, New York 10019

Attn.: Laurence Mascera

With a copy to:

Broadpoint Gleacher Securities Group, Inc.

12 East 49th Street, 31st Floor

New York, New York 10017

Attn: General Counsel

if to Tenant, following the Office Premises Commencement Date, at:

at the Building

Attn.: Laurence Mascera

With copies to:

Dechert LLP

1185 Avenue of the Americas

New York, New York 10036

Attn: Sean H. Porter

and

Broadpoint Gleacher Securities Group, Inc.

1290 Avenue of the Americas

New York, New York 10104

Attn: General Counsel

if to Landlord, at:

c/o Vornado Office Management LLC

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888 Seventh Avenue

New York, New York 10019

Attn.: President — New York Office Division

with a copy to:

210 Route 4 East

Paramus, New Jersey 07652

Attn: Executive Vice President — Finance and Administration, Chief Financial Officer

or to such other address or addresses as Landlord or Tenant may designate from time to time on at
least ten (10) Business Days of advance notice given to the other in accordance with the provisions
of this Article 30. Any such bill, statement, consent, notice, demand, request, or other
communication shall be deemed to have been given (x) on the date that it is hand delivered, as
aforesaid, or (y) three (3) Business Days after the date that it is mailed, as aforesaid, or (z) on
the first (1st) Business Day after the date that it is sent by a nationally-recognized overnight
courier, as aforesaid. Any such bills, statements, consents, notices, demands, requests or other
communications that the Person that is the property manager for the Building gives to Tenant in
accordance with the terms of this Article 30 shall be deemed to have been given by Landlord (except
that Landlord, at any time and from time to time, shall have the right to terminate or suspend such
property manager’s right to give such bills, statements, consents, notices, demands, requests or
other communications to Tenant by giving not less than five (5) days of advance notice thereof to
Tenant).

Article 31

BROKERAGE

     31.1. Broker. 

     Landlord and Tenant each represent to the other that it has not dealt with any broker, finder
or salesperson in connection with this Lease other than Cushman & Wakefield, Inc. (the
“Broker”). Landlord shall pay Broker a commission pursuant to the terms of a separate
agreement between Landlord and Broker.

Article 32

INDEMNITY

     32.1. Tenant’s Indemnification of the Landlord Indemnitees. 

          (A) Subject to the terms of this Section 32.1, Tenant shall indemnify the Landlord
Indemnitees, and hold the Landlord Indemnitees harmless, from and against, all losses, damages,
liabilities, costs and expenses (including, without limitation, reasonable attorneys’ fees and
expenses) that are incurred by a Landlord Indemnitee and that derive from a claim (a “Claim

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Against Landlord”) made by a third party against such Landlord Indemnitee arising from or
alleged to arise from:

          (1) a wrongful act or wrongful omission of any Tenant Indemnitee during the Term (including,
without limitation, claims that derive from a Permitted Party’s conducting such Permitted Party’s
business in the Premises) (it being understood that Tenant shall not have responsibility under this
clause (1) for any wrongful act or wrongful omission of a Recapture Subtenant);

          (2) an event or circumstance that occurs during the Term in the Premises or in another portion
of the Building with respect to which Tenant has exclusive use pursuant to the terms hereof
(subject, however, to Landlord’s rights of access under Article 9 hereof) (it being understood that
Tenant’s liability under this clause (2) shall not apply to the extent that Landlord exercises
Landlord’s rights under Section 17.3 hereof with respect to the Recapture Space);

          (3) an event or circumstance that occurs in the Premises or in another portion of the Building
to the extent Tenant accesses the Premises or such other portion of the Building during a Limited
Access Period (subject, however, to Landlord’s rights of access under Article 9 hereof) (it being
understood that Tenant’s liability under this clause (2) shall not apply to the extent that
Landlord exercises Landlord’s rights under Section 17.3 hereof with respect to the Recapture
Space);

          (4) the breach of any covenant to be performed by Tenant hereunder;

          (5) a misrepresentation made by Tenant hereunder (including, without limitation, a
misrepresentation of Tenant under Section 31.1 hereof);

          (6) a Person with whom a Permitted Party has dealt making a claim for a leasing commission or
other similar compensation in connection with a Transfer;

          (7) a Compliance Challenge (or Tenant’s delaying Tenant’s compliance with a Requirement during
the pendency of a Compliance Challenge);

          (8) Landlord’s cooperating with Tenant in connection with Tenant’s obtaining the permits and
licenses for the Antennae as provided in Section 3.6(E) hereof; or

          (9) Landlord’s cooperating with Tenant as contemplated by Section 7.4(A) hereof.

Tenant shall not be required to indemnify the Landlord Indemnitees, and hold the Landlord
Indemnitees harmless, in either case as aforesaid, to the extent that it is finally determined that
the negligence or wilful misconduct of a Landlord Indemnitee contributed to the loss or damage
sustained by the Person making the Claim Against Landlord. Nothing contained in this Section 32.1
limits the provisions of Section 34.19 hereof.

          (B) The term “Landlord Indemnitees” shall mean, collectively, Landlord, each Lessor,
each Mortgagee and their respective partners, members, managers, shareholders, officers, directors,
employees, trustees and agents.

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          (C) The term “Tenant Indemnitees” shall mean each Permitted Party and their respective
partners, members, managers, shareholders, officers, directors, employees, trustees and agents.

          (D) The parties intend that the Landlord Indemnitees (other than Landlord) shall be
third-party beneficiaries of this Section 32.1.

     32.2. Landlord’s Indemnification of the Tenant Indemnitees.

          (A) Subject to the terms of this Section 32.2, Landlord shall indemnify the Tenant
Indemnitees, and hold the Tenant Indemnitees harmless, from and against, all losses, damages,
liabilities, costs and expenses (including, without limitation, reasonable attorneys’ fees and
expenses) that are incurred by a Tenant Indemnitee and that derive from a claim (a “Claim
Against Tenant”) made by a third party against such Tenant Indemnitee arising from or alleged
to arise from:

          (1) the breach of any covenant to be performed by Landlord hereunder;

          (2) a misrepresentation made by Landlord hereunder (including, without limitation, a
misrepresentation of Landlord under Section 31.1 hereof);

          (3) Landlord’s failure to pay the Broker a commission or other compensation in connection
herewith; or

          (4) a wrongful act or wrongful omission of any Landlord Indemnitee (including, without
limitation, a wrongful act or wrongful omission of the Person that has the right to occupy the
Recapture Space by virtue of Landlord’s exercising Landlord’s rights under Section 17.3 hereof).

Landlord shall not be required to indemnify the Tenant Indemnitees, and hold the Tenant Indemnitees
harmless, in either case as aforesaid, to the extent that it is finally determined that the
negligence or wilful misconduct of a Tenant Indemnitee contributed to the loss or damage sustained
by the Person making the Claim Against Tenant.

          (B) The parties intend that the Tenant Indemnitees (other than Tenant) shall constitute
third-party beneficiaries of this Section 32.2.

     32.3. Indemnification Procedure.

          (A) If at any time a Claim Against Tenant is made or threatened against a Tenant Indemnitee,
or a Claim Against Landlord is made or threatened against a Landlord Indemnitee, then the Person
entitled to indemnity under this Article 32 (the “Indemnitee”) shall give to the other
party (the “Indemnitor”) notice of such Claim Against Tenant or such Claim Against
Landlord, as the case may be (the “Claim”); provided, however, that the Indemnitee’s
failure to provide such notice shall not impair the Indemnitee’s rights to indemnity as provided in
this Article 32 except to the extent that the Indemnitor is prejudiced materially thereby. Such
notice shall state the basis for the Claim and the amount thereof (to the extent such amount is determinable at the time that such notice
is given).

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          (B) The Indemnitor shall have the right to defend against the Claim using attorneys that the
Indemnitor designates and that the Indemnitee approves (it being understood that (I) the Indemnitee
shall not unreasonably withhold, condition or delay such approval, (II) the Indemnitee shall be
deemed to have approved such attorneys if the Indemnitee fails to respond within ten (10) days to
the Indemnitor’s request for approval, and (III) the attorneys designated by the Indemnitor’s
insurer shall be deemed approved by the Indemnitee for purposes hereof). The Indemnitor’s failure
to notify the Indemnitee of the Indemnitor’s election to defend against the Claim within thirty
(30) days after the Indemnitee gives such notice to the Indemnitor shall be deemed a waiver by the
Indemnitor of its aforesaid right to defend against the Claim.

          (C) Subject to the terms of this Section 32.3(C), if the Indemnitor elects to defend against
the Claim pursuant to Section 32.3(B) hereof, then the Indemnitee may participate, at the
Indemnitee’s expense, in defending against the Claim. The Indemnitor shall have the right to
control the defense against the Claim (and, accordingly, the Indemnitee shall cause its counsel to
act accordingly). If there exists a conflict between the interests of the Indemnitor and the
interests of the Indemnitee, then the Indemnitor shall pay the reasonable fees and disbursements of
any counsel that the Indemnitee retains in so participating in the defense against the Claim.
Except as otherwise provided in this Section 32.3(C), the Indemnitor shall not be required to pay
the costs that Indemnitee otherwise incurs in engaging counsel to consult with Indemnitee in
connection with the Claim.

          (D) If the Claim is a Claim Against Landlord, then Landlord shall cooperate reasonably with
Tenant in connection therewith. If the Claim is a Claim Against Tenant, then Tenant shall
cooperate reasonably with Landlord in connection therewith.

          (E) The Indemnitor shall not consent to the entry of any judgment or award regarding the
Claim, or enter into any settlement regarding the Claim, except in either case with the prior
approval of the Indemnitee (any such entry of any judgment or award regarding a Claim to which the
Indemnitor consents, or any such settlement regarding a claim to which the Indemnitor agrees, being
referred to herein as a “Settlement”). The Indemnitee shall not unreasonably withhold,
condition or delay the Indemnitee’s approval of a proposed Settlement, provided that (I) the
Indemnitor pays, in cash, to the Person making the Claim, the entire amount of the Settlement
contemporaneously with the Indemnitee’s approval thereof (so that neither the Indemnitor nor the
Indemnitee have any material obligations regarding the applicable Claim that remain executory from
and after the consummation of the Settlement), or (II) the Person making the Claim releases the
Indemnitee from any obligations owed to such Person pursuant to such Settlement that remain
executory after the consummation thereof). If (x) the terms of the Settlement do not provide for
the Indemnitor’s making payment, in cash, to the Person making the Claim, the entire amount of the
Settlement, contemporaneously with the Indemnitee’s approval thereof (so that either the Indemnitor
or the Indemnitee have any material obligations regarding the applicable Claim that remain
executory from and after the consummation of the Settlement), (y) the Person making the Claim does
not release the Indemnitee from any obligations owed to such Person pursuant to such Settlement
that remain executory after the consummation thereof, and (z) the Indemnitee does not approve the
proposed Settlement, then the Indemnitor’s aggregate liability under this Article 32 for the Claim
(including, without limitation, the costs incurred by the Indemnitor for legal costs and other
costs of defense) shall not exceed an amount equal to the sum of (i) the aggregate legal costs and
defense costs that the

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Indemnitor incurred to the date that the Indemnitor proposes such Settlement, (ii) the amount that
the Indemnitor would have otherwise paid to the Person making the applicable Claim under the terms
of the proposed Settlement, and (iii) the aggregate legal costs and defense costs that the
Indemnitor would have reasonably expected to incur in consummating the proposed Settlement.

          (F) If the Indemnitor does not elect to defend against the Claim as contemplated by this
Section 32.3, then the Indemnitee may defend against, or settle, such claim, action or proceeding
in any manner that the Indemnitee deems appropriate, and the Indemnitor shall be liable for the
Claim to the extent provided in this Article 32.

Article 33

LANDLORD’S CONSENTS; ARBITRATION

     33.1. Certain Limitations.

     Subject to the terms of Section 33.2 hereof, Tenant hereby waives any claim against Landlord
for Landlord’s unreasonably withholding, unreasonably conditioning or unreasonably delaying any
consent or approval requested by Tenant in cases where Landlord expressly agreed herein not to
unreasonably withhold, unreasonably condition or unreasonably delay such consent or approval. If
there is a determination that such consent or approval has been unreasonably withheld, unreasonably
conditioned or unreasonably delayed, then (1) the requested consent or approval shall be deemed to
have been granted, and (2) Landlord shall have no liability to Tenant for its refusal or failure to
give such consent or approval, except to the extent set forth in Section 33.2(C) hereof. Tenant’s
sole remedy for Landlord’s unreasonably withholding, conditioning or delaying consent or approval
shall be as provided in this Article 33.

     33.2. Expedited Arbitration.

          (A) If (i) this Lease obligates Landlord to not unreasonably withhold, condition or delay
Landlord’s consent or approval for a particular matter, (ii) Landlord withholds, delays or
conditions its consent or approval for such matter, and (iii) Tenant believes that Landlord did so
unreasonably, then Tenant shall have the right to submit the issue of whether Landlord unreasonably
withheld, delayed or conditioned such consent or approval to an Expedited Arbitration Proceeding
only by giving notice thereof to Landlord on or prior to the thirtieth (30th) day after the date
that Landlord denied or conditioned such consent or approval, or the thirtieth (30th) day after the
date that Tenant claims that Landlord’s delaying such consent or approval first became
unreasonable, as the case may be.

          (B) The sole decision to be made in the Expedited Arbitration Proceeding shall be whether
Landlord unreasonably withheld, delayed or conditioned its consent with respect to the particular
matter being arbitrated. If the decision in the Expedited Arbitration Proceeding is that Landlord
unreasonably withheld, conditioned, or delayed consent with respect to such matter, then (i)
Landlord shall be deemed to have consented to such matter, and (ii) Landlord shall execute and
deliver documentation that is reasonably requested by Tenant to evidence such consent.

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          (C) Tenant shall have the right to institute legal proceedings in a court of competent
jurisdiction against Landlord to recover the actual damages that Tenant sustains by reason of
Landlord’s unreasonably withholding, conditioning or delaying Landlord’s consent or approval (in
cases where Landlord agreed not to unreasonably withhold, condition or delay such consent or
approval). Tenant shall not have the right to make any such recovery unless such court makes a
final determination that Landlord unreasonably withheld, unreasonably delayed or unreasonably
conditioned such consent or approval capriciously and arbitrarily.

          (D) The term “Expedited Arbitration Proceeding” shall mean a binding arbitration
proceeding conducted in The City of New York under the Commercial Arbitration Rules of the American
Arbitration Association (or its successor) and administered pursuant to the Expedited Procedures
provisions thereof; provided, however, that with respect to any such arbitration, (i) the list of
arbitrators referred to in Section E-4(b) shall be returned within five (5) Business Days from the
date of mailing; (ii) the parties shall notify the American Arbitration Association (or its
successor) by telephone, within four (4) Business Days, of any objections to the arbitrator
appointed and, subject to clause (vii) below, shall have no right to object if the arbitrator so
appointed was on the list submitted by the American Arbitration Association (or its successor) and
was not objected to in accordance with Section E-4(c) as modified by clause (i) above; (iii) the
notification of the hearing referred to in Section E-7 shall be four (4) Business Days in advance
of the hearing; (iv) the hearing shall be held within seven (7) Business Days after the appointment
of the arbitrator; (v) the arbitrator shall have no right to award damages or vary, modify or waive
any provision of this Lease; (vi) the decision of the arbitrator shall be final and binding on the
parties; and (vii) the arbitrator shall not have been employed by either party (or their respective
Affiliates) during the period of three (3) years prior to the date of the Expedited Arbitration
Proceeding. The arbitrator shall determine the extent to which each party is successful in such
Expedited Arbitration Proceeding in addition to rendering a decision on the dispute submitted. If
the arbitrator determines that one (1) party is entirely unsuccessful, then such party shall pay
all of the fees of such arbitrator. If the arbitrator determines that both parties are partially
successful, then each party shall be responsible for such arbitrator’s fees only to the extent such
party is unsuccessful (e.g., if Landlord is eighty percent (80%) successful and Tenant is twenty
percent (20%) successful, then Landlord shall be responsible for twenty percent (20%) of such
arbitrator’s fees and Tenant shall be responsible for eighty percent (80%) of such arbitrator’s
fees).

Article 34

ADDITIONAL PROVISIONS

     34.1. Tenant’s Property Delivered to Building Employees.

     Any Building employee to whom any property is entrusted by or on behalf of Tenant shall be
deemed to be acting as Tenant’s agent with respect to such property.

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     34.2. Not Binding Until Execution.

     This Lease shall not be binding upon Landlord or Tenant unless and until Landlord and Tenant
have executed and unconditionally delivered a fully executed counterpart of this Lease to each
other.

     34.3. No Third Party Beneficiaries.

     Landlord and Tenant hereby acknowledge that they do not intend for any other Person to
constitute a third-party beneficiary hereof, except to the extent otherwise set forth herein.

     34.4. Extent of Landlord’s Liability.

          (A) The obligations of Landlord under this Lease shall not be binding upon the Person that
constitutes Landlord initially after the sale, conveyance, assignment or transfer by such Person of
its interest in the Building or the Real Property, as the case may be (or upon any other Person
that constitutes Landlord after the sale, conveyance, assignment or transfer by such Person of its
interest in the Building or the Real Property, as the case may be), to the extent such obligations
accrue from and after the date of such sale, conveyance, assignment or transfer.

          (B) The members, managers, partners, shareholders, directors, officers and principals, direct
and indirect, comprising Landlord shall not be liable for the performance of Landlord’s obligations
under this Lease. Tenant shall look solely to Landlord to enforce Landlord’s obligations
hereunder.

          (C) The liability of Landlord for Landlord’s obligations under this Lease shall be limited to
Landlord’s interest in the Real Property and the proceeds thereof (including, without limitation,
proceeds of a sale or refinancing of Landlord’s interest in the Real Property, casualty insurance
proceeds, and condemnation awards). Tenant shall not look to any property or assets of Landlord
(other than Landlord’s interest in the Real Property and such proceeds thereof) in seeking either
to enforce Landlord’s obligations under this Lease or to satisfy a judgment for Landlord’s failure
to perform such obligations.

     34.5. Extent of Tenant’s Liability.

     If Tenant is a corporation, limited partnership, limited liability partnership or limited
liability company, then (i) the members, managers, limited partners, shareholders, directors,
officers and principals, direct and indirect, comprising Tenant shall not be liable for the
performance of Tenant’s obligations under this Lease, and (ii) Landlord shall look solely to Tenant
to enforce Tenant’s obligations hereunder.

     34.6. Survival.

     Subject to the terms hereof, Tenant’s liability for all amounts that are due and payable to
Landlord hereunder shall survive the Expiration Date.

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     34.7. Recording.

     Tenant shall not record this Lease. Tenant shall not record a memorandum of this Lease.
Landlord shall have the right to record a memorandum of this Lease. If Landlord submits to Tenant
a memorandum hereof that is in reasonable form, then Tenant shall execute, acknowledge and deliver
such memorandum promptly after Landlord’s submission thereof to Tenant.

     34.8. Entire Agreement.

     This Lease contains the entire agreement between the parties and supersedes all prior
understandings, if any, with respect thereto. This Lease shall not be modified, changed, or
supplemented, except by a written instrument executed by both parties.

     34.9. Counterparts.

     This Lease may be executed in counterparts, it being understood that all such counterparts,
taken together, shall constitute one and the same agreement.

     34.10. Exhibits.

     If any inconsistency exists between the terms and provisions of this Lease and the terms and
provisions of the Exhibits hereto, then the terms and provisions of this Lease shall prevail.

     34.11. Gender; Plural.

     Wherever appropriate in this Lease, personal pronouns shall be deemed to include the other
gender and the singular to include the plural.

     34.12. Divisibility.

     If any term of this Lease, or the application thereof to any Person or circumstance, is held
to be invalid or unenforceable, then the remainder of this Lease or the application of such term to
any other Person or any other circumstance shall not be thereby affected, and each term shall
remain valid and enforceable to the fullest extent permitted by law.

     34.13. Vault Space.

     If (i) Tenant uses or occupies any vaults, vault space or other space outside the boundaries
of the Real Property that in each case is located below grade, and (ii) such space is diminished by
any Governmental Authority or by any utility company, then such diminution shall not constitute an
actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or
diminution of Rental, or relieve Tenant from any of its obligations under this Lease, or impose any
liability upon Landlord.

     34.14. Adjacent Excavation.

     If an excavation is made upon land adjacent to the Building, or is authorized to be made, then
Tenant, upon reasonable advance notice, shall grant to the Person causing or authorized to

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cause such excavation a license to enter upon the Premises for the purpose of doing such work
as said Person deems necessary to preserve the Building from injury or damage and to support the
same by proper foundations, without any claim for damages or indemnity against Landlord, or
diminution or abatement of Rental. Landlord acknowledges that Landlord’s right to access the
Premises as provided in this Section 34.14 is subject to the provisions of Article 9 hereof.

     34.15. Captions.

     The captions are inserted only for convenience and for reference and in no way define, limit
or describe the scope of this Lease or the intent of any provision thereof.

     34.16. Parties Bound.

     The covenants, conditions and agreements contained in this Lease shall bind and inure to the
benefit of Landlord and Tenant and their respective legal representatives, successors, and, except
as otherwise provided in this Lease, their assigns.

     34.17. Authority.

          (A) Tenant hereby represents and warrants to Landlord that (i) Tenant is duly organized and
validly existing in good standing under the laws of New York, and possesses all licenses and
authorizations necessary to carry on its business, (ii) Tenant has full power and authority to
carry on its business, enter into this Lease and consummate the transaction contemplated by this
Lease, (iii) the individual executing and delivering this Lease on Tenant’s behalf has been duly
authorized to do so, (iv) this Lease has been duly executed and delivered by Tenant, (v) this Lease
constitutes a valid, legal, binding and enforceable obligation of Tenant (subject to bankruptcy,
insolvency or creditor rights laws generally, and principles of equity generally), (vi) the
execution, delivery and performance of this Lease by Tenant will not cause or constitute a default
under, or conflict with, the organizational documents of Tenant or any agreement to which Tenant is
a party, (vii) to the best of Tenant’s knowledge, the execution, delivery and performance of this
Lease by Tenant will not violate any Requirement, and (viii) all consents, approvals,
authorizations, orders or filings of or with any court or governmental agency or body, if any,
required on the part of Tenant for the execution, delivery and performance of this Lease have been
obtained or made.

          (B) Landlord hereby represents and warrants to Tenant that (i) Landlord is duly organized and
validly existing in good standing under the laws of Delaware, and possesses all licenses and
authorizations necessary to carry on its business, (ii) Landlord has full power and authority to
carry on its business, enter into this Lease and consummate the transaction contemplated by this
Lease, (iii) the individual executing and delivering this Lease on Landlord’s behalf has been duly
authorized to do so, (iv) this Lease has been duly executed and delivered by Landlord, (v) this
Lease constitutes a valid, legal, binding and enforceable obligation of Landlord (subject to
bankruptcy, insolvency or creditor rights laws generally, and principles of equity generally), (vi)
the execution, delivery and performance of this Lease by Landlord will not cause or constitute a
default under, or conflict with, the organizational documents of Landlord or any agreement to which
Landlord is a party, (vii) the execution, delivery and performance of this Lease by Landlord does
not violate any Requirement, and (viii) all consents, approvals,

151

 

authorizations, orders or filings of or with any court or governmental agency or body, if any,
required on the part of Landlord for the execution, delivery and performance of this Lease have
been obtained or made.

     34.18. Rent Control.

     If at the commencement of, or at any time or times during, the Term, the Rental reserved in
this Lease is not fully collectible by reason of any Requirement, then Tenant shall enter into such
agreements and take such other steps (without additional expense to Tenant) as Landlord may
reasonably request and as may be legally permissible to allow Landlord to collect the maximum rents
which may from time to time during the continuance of such legal rent restriction be legally
permissible (and not in excess of the amounts reserved therefor under this Lease). Upon the
termination of such legal rent restriction prior to the expiration of the Term, (a) the Rental
shall become and thereafter be payable hereunder in accordance with the amounts reserved in this
Lease for the periods following such termination, and (b) Tenant shall pay to Landlord, if legally
permissible, an amount equal to the excess of (i) the items of Rental which would have been paid
pursuant to this Lease but for such legal rent restriction, over (ii) the rents paid by Tenant to
Landlord during the period or periods such legal rent restriction was in effect.

     34.19. Consequential Damages.

     Tenant shall have no liability for any consequential, indirect or punitive damages that
Landlord suffers (it being understood, however, that nothing contained in this Section 34.19 limits
Landlord’s right to recover damages (x) as expressly provided in Section 24.3(A) hereof and in
Section 27.2 hereof, or (y) for Tenant’s failure to remove Specialty Alterations to the extent
provided in Section 7.8(A) hereof). Landlord shall have no liability for any consequential,
indirect or punitive damages that are suffered by Tenant or any Person claiming by, through or
under Tenant.

     34.20. Tenant’s Advertising.

     Tenant shall not use a picture, photograph or drawing of the Building (or a silhouette
thereof) in Tenant’s letterhead or promotional materials without Landlord’s prior approval.

     34.21. Specially Designated Nationals; Blocked Persons; Embargoed Persons.

          (A) Tenant represents and warrants that (i) Tenant and to the best of Tenant’s knowledge, each
person or entity owning an interest in Tenant is (a) not currently identified on the Specially
Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control,
Department of the Treasury (“OFAC”) and/or on any other similar list maintained by OFAC pursuant to
any authorizing statute, executive order or regulation (collectively, the “List”), and (b)
not a person or entity with whom a citizen of the United States is prohibited to engage in
transactions by any trade embargo, economic sanction, or other prohibition of United States law,
regulation, or Executive Order of the President of the United States, (ii) none of the funds or
other assets of Tenant constitute property of, or are beneficially owned, directly or indirectly,
by any Embargoed Person (as hereinafter defined), (iii) no Embargoed Person has any interest of any
nature whatsoever in Tenant (whether directly or

152

 

indirectly), (iv) none of the funds of Tenant have been derived from any unlawful activity
with the result that the investment in Tenant is prohibited by Requirements or that this Lease is
in violation of Requirements, and (v) Tenant has implemented procedures, and will consistently
apply those procedures, to ensure the foregoing representations and warranties remain true and
correct at all times. The term “Embargoed Person” means any person, entity or government subject
to trade restrictions under U.S. law, including but not limited to, the International Emergency
Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C.
App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the
result that the investment in Tenant is prohibited by Requirements or Tenant is in violation of
Requirements.

          (B) Tenant covenants and agrees (a) to comply with all Requirements relating to money
laundering, anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect, (b)
to immediately notify Landlord in writing if any of the representations, warranties or covenants
set forth in this Section 34.21(B) or Section 24.21(A) hereof are no longer true or have been
breached or if Tenant has a reasonable basis to believe that they may no longer be true or have
been breached, (c) not to use funds from any “Prohibited Person” (as such term is defined in the
September 24, 2001 Executive Order Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit, or Support Terrorism) to make any payment due to Landlord under this
Lease and (d) at the request of Landlord, to provide such information as may be requested by
Landlord to determine Tenant’s compliance with the terms of this Section 34.21.

          (C) Tenant hereby acknowledges and agrees that Tenant’s inclusion on the List at any time
during the term of this Lease shall be a default hereunder (subject to applicable notice and cure
periods provided in this Lease). Notwithstanding anything herein to the contrary, Tenant shall not
permit the Premises or any portion thereof to be used or occupied by any person or entity on the
List or by any Embargoed Person (on a permanent, temporary or transient basis), and any such use or
occupancy of the Premises by any such person or entity shall be a default hereunder.

          (D) Tenant shall provide documentary and other evidence of Tenant’s identity and ownership as
may be reasonably requested by Landlord at any time to enable Landlord to verify Tenant’s identity
or to comply with any legal request.

153

 

These pages constitute the signature pages to the Lease, dated as of the                      day of September,

2009, between HWA 1290 III LLC, HWA 1290 IV LLC, AND HWA 1290 V LLC, collectively, as landlord,

and BROADPOINT GLEACHER SECURITIES GROUP, INC., as tenant, for certain space in the building known

by the street address of 1290 Avenue of the Americas, New York, New York 10104

     IN WITNESS WHEREOF, Landlord and Tenant have duly executed and delivered this Lease as of the
date first above written.

	 	 	 	 	 
	 	HWA 1290 III LLC, a Delaware limited liability company

 	 
	 	By:  	Hudson Waterfront Associates III, L.P., a Delaware limited partnership, its sole equity member
 	 
	 
	 	By:  	Hudson Waterfront III Corporation, a Delaware corporation, its sole general partner
 	 
	 
	 	By:  	     /s/ David R. Greenbaum
 	 
	 	 	David R. Greenbaum 	 
	 	 	President 	 
	 
	 	HWA 1290 IV LLC, a Delaware limited liability company

 	 
	 	By:  	Hudson Waterfront Associates IV, L.P., a Delaware limited partnership, its sole equity member
 	 
	 
	 	By:  	   Hudson Waterfront IV Corporation, a Delaware corporation, its sole general partner
 	 
	 
	 	By:  	/s/ David R. Greenbaum
 	 
	 	 	David R. Greenbaum 	 
	 	 	President 	 

[Signatures continued on next page.]

 

 

	 	 	 	 	 
	 	HWA 1290 V LLC, a Delaware limited liability company 	 
	 
	 	By:  	Hudson Waterfront Associates V, L.P., a Delaware limited partnership, its sole equity member
 	 
	 	 	 
	 	By:  	Hudson Waterfront V Corporation, a Delaware corporation, its sole general partner
 	 
	 	 	 
	 	By:  	/s/ David R. Greenbaum
 	 
	 	 	David R. Greenbaum 	 
	 	 	President 	 
	 
	 	BROADPOINT GLEACHER SECURITIES GROUP, INC., TENANT

 	 
	 	By:  	/s/ Lee Fensterstock
 	 
	 	 	Name:  	Lee Fensterstock 	 
	 	 	Title:  	Chief Executive Officer 	 

 

 

	 	 	 	 	 

UNIFORM FORM CERTIFICATE OF ACKNOWLEDGMENT

(Within New York State)

	 	 	 	 	 	 	 	 
	STATE OF

	New York	 	 
	 	 	)	 
	 

	 

	 	 
	 	 	 	 
	 

	 
	 	: ss.:
	 	 	 	 
	COUNTY OF

	New York
	 	 
	 	 	)	 
	 

	 

	 	 
	 	 	 	 

     On
the 30 day of September, in the year 2009, before me, the undersigned personally
appeared Lee Fensterstock, personally known to me or proved to me on the basis of
satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in his/her/their
capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the
person upon behalf of which the individual(s) acted, executed the instrument.

	 	 	 	 	 
	 	 	 
	 	/s/
Patricia Arciero-Craig	 
	 	Notary Public 	 

UNIFORM FORM CERTIFICATE OF ACKNOWLEDGMENT

(Outside of New York State)

	 	 	 	 	 	 	 	 
	STATE OF

	 
	 	 
	 	 	)	 
	 

	 

	 	 
	 	 	 	 
	 

	 
	 	: ss.:
	 	 	 	 
	COUNTY OF

	 
	 	 
	 	 	)	 
	 

	 

	 	 
	 	 	 	 

     On
the ___ day of                     , in the year 2009, before me, the undersigned,
personally appeared                     , personally known to me or proved to me on the basis of
satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in his/her/their
capacity(ies), that by his/her/their signature(s) on the instrument, the individual(s), or the
person upon behalf of which the individual(s) acted, executed the instrument, and that such
individual made such appearance before the undersigned in the                     . (Insert the city or
other political subdivision and the state or country or other place the acknowledgement was taken.)

	 	 	 	 	 
	 	 	 
	 	 	 
	 	(Signature and office of individual taking acknowledgement) 	 
	 	 	 
	 

 

 

Exhibit “A”-1

Office
Premises — Portion of 4th Floor

[See Attached]

 

 

 

 

Exhibit “A”-2

Office Premises — Portion of 5th Floor

[See Attached]

 

 

 

 

Exhibit “A”-3

Supplemental Space

[See Attached]

 

 

 

 

Exhibit “A”-4

Existing Data Room

[See Attached]

 

 

 

 

Exhibit “3.3”

Rules

	1.	 	Tenant shall not obstruct the common areas of the Building. Tenant shall not use the common
areas of the Building for any purpose other than for the purpose that the applicable common
area is used ordinarily.
	 
	2.	 	Tenant shall not use any plumbing fixtures that are connected to Building Systems for any
purpose other than the ordinary purpose for which such plumbing fixtures are installed.
	 
	3.	 	Tenant shall not use the Premises in any manner that materially and unreasonably interferes
with the use of any other portion of the Building for ordinary business purposes.
	 
	4.	 	Tenant shall not at any time keep in the Premises any flammable, combustible or explosive
substance, except for any such substances that are incidental to the use or maintenance of the
Premises for ordinary office purposes or the performance of Alterations that are performed in
accordance with the terms of this Lease.
	 
	5.	 	Tenant shall not bring any bicycles, vehicles or animals of any kind (except for service
animals) into the Premises or the Building.
	 
	6.	 	Subject to Section 3.3 of the Lease, Tenant shall comply with the security procedures that
Landlord reasonably adopts from time to time for the Building. Tenant acknowledges that
Landlord’s security procedures may include, without limitation, (i) Landlord’s denying entry
to the Building by any person who does not present a Building pass or who does not comply with
Landlord’s procedures regarding the registration of visitors to the Building, and (ii)
procedures governing the inspection of freight that arrives at the loading facilities for the
Building.
	 
	7.	 	Landlord shall have the right to require Tenant to (x) direct Persons who are delivering
packages to the Premises to make delivery to an office in the Building that Landlord
designates (in which case Landlord shall make arrangements for such packages to be delivered
to Tenant using other personnel that Landlord engages), or (y) arrange for such Persons to be
escorted by a representative of Tenant while such Person makes delivery to the Premises.
	 
	8.	 	Tenant shall subject to inspection by Landlord or Landlord’s designee all items being brought
into the Building by or on behalf of Tenant (including, without limitation, packages, boxes,
bags, handbags, attaché cases, and suitcases). Landlord may refuse entry into the Building to
any Person who refuses to cooperate with such inspection or who is carrying any item which has
a reasonable likelihood of being dangerous to persons or property.

 

 

	9.	 	Tenant, at Tenant’s expense, shall operate its interior lights for the employees of Landlord
during the period that such employees make repairs in the Premises or perform cleaning
services in accordance with the terms of this Lease.
	 
	10.	 	Tenant shall not canvass or solicit the other occupants of the Building. Tenant shall
cooperate reasonably with Landlord in connection with Landlord’s efforts to prevent any
Person from canvassing, soliciting or peddling in the Building.
	 
	11.	 	Tenant shall use in the Building only hand trucks and hand carts that in either case are
equipped with rubber tires and side guards.
	 
	12.	 	Tenant shall implement a policy that precludes its personnel from smoking in the Building and
shall use reasonable efforts to enforce such policy.

 

 

Exhibit “3.4”

Designated Shaftways

[See Attached]

 

 

 

 

Exhibit “3.6”

Basic Antennae Site

[See Attached]

 

 

 

 

Exhibit “3.10”

Certificate of Occupancy

[See Attached]

 

 

Page 2 of 4

	 	 	 
	

	 	Certificate of Occupancy

CO Number: 103457929F

Permissible Use and Occupancy

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Building	 	Building	 	Zoning	 	 	 	 
	 	 	 	 	Maximum	 	Live load	 	Code	 	Code	 	dwelling or	 	 	 	 
	Floor	 	persons	 	lbs per	 	habitable	 	occupancy	 	rooming	 	Zoning	 	 
	From To	 	permitted	 	sq. ft.	 	rooms	 	group	 	units	 	use group	 	Description of use
	CEL
	 	 	300	 	 	 	100	 	 	 	 	 	 	 	 	 	6	 	 	BUILDING UTILITIES,
STORAGE, OFFICES
BUILDING STORAGE
BANK SPACES AND
TELEPHONE EQUIPMENT
ROOM.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	SC1
	 	 	60	 	 	OG
	 	 	 	 	 	 	 	 	9	 	 	STORAGE LOCKER ROOM,
BUILDING, UTILITY
FIVE (5) LOADING
BERTHS, BUILDING
STORAGE, MECHANICAL
EQUIPMENT & FAN
ROOMS, PARKING FOR
MORE THAN FIVE (5)
MOTOR VEHICLES MAIL
ROOM; OFFICES,
RECEIVING, PACKING &
SHIPPING,
PHOTOSTATIC AND
REPRODUCTION ROOM
LIMITED TO FIVE (5)
PERSONS ENGAGED IN
MANUFACTURING.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	001	 	 	 	350	 	 	 	100	 	 	 	 	 	 	 	 	 	6	 	 	LOBBY, BANK STORES.
OFFICES, EATING AND
DRINKING PLACE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	002	 	 	 	690	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	BANK SPACES, DINING 

ROOM, OFFICES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	003	 	 	 	690	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	004	 	 	 	895	 	 	 	125	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES AND CAFETERIA

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	005	 	 	 	690	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	006	 	 	 	400	 	 	 	50	 	 	 	 	E
	 	 	 	 	6	 	 	OFFICES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	006	 	 	 	262	 	 	 	 	 	 	 	 	F-1B
	 	 	 	 	6	 	 	MEETING ROOM

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	007	 	 	 	690	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES

	 	 	 	 	 	 	 
	
 

Borough Commissioner

	 	 
	 	
 

Commissioner
	 	 

 
	 	 	 	 	 	 	 
	B Form 54 (Revised 03/05)
 

	 	DOCUMENT CONTINUES ON NEXT PAGE
 

	 	 

 

 

Page 3 of 4

	 	 	 
	

	 	Certificate of Occupancy

CO Number: 103457929F

Permissible Use and Occupancy

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Building	 	Building	 	Zoning	 	 	 	 
	 	 	 	 	Maximum	 	Live load	 	Code	 	Code	 	dwelling or	 	 	 	 
	Floor	 	persons	 	lbs per	 	habitable	 	occupancy	 	rooming	 	Zoning use	 	 
	From To	 	permitted	 	sq. ft.	 	rooms	 	group	 	units	 	group	 	Description of use
	 	008	 	 	 	690	 	 	 	200	 	 	 	 	 	 	 	 	 	6	 	 	A.C. FAN ROOM, OFFICES,
EMPLOYEE CAFETERIA

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	009-011	 	 	 	660	 	 	 	40	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES ON EACH FLOOR

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	012-013	 	 	 	600	 	 	 	40	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES ON EACH FLOOR

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	014-016	 	 	 	390	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES ON EACH FLOOR.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	017 019	 	 	 	180	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES ON EACH FLOOR.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	020	 	 	 	180	 	 	 	200	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES & HOUSE TANK ROOM.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	021-024	 	 	 	180	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICE ON EACH FLOOR

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	025	 	 	 	180	 	 	 	150	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES AND A.C. FAN ROOM.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	026-030	 	 	 	180	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES ON EACH FLOOR

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	031-041	 	 	 	180	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES ON EACH FLOOR

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	042	 	 	 	180	 	 	 	50	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	043	 	 	 	180	 	 	 	200	 	 	 	 	 	 	 	 	 	6	 	 	OFFICES AND COOLING TOWER

	 	 	 	 	 	 	 
	
 

Borough Commissioner

	 	 
	 	
 

Commissioner
	 	 

 
	 	 	 	 	 	 	 
	B Form 54 (Revised 03/05)
 

	 	DOCUMENT CONTINUES ON NEXT PAGE
 

	 	 

 

 

Page 4 of 4

	 	 	 
	

	 	Certificate of Occupancy

CO Number: 103457929F

Permissible Use and Occupancy

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Building	 	Building	 	Zoning	 	 	 	 
	 	 	Maximum	 	Live load	 	Code	 	Code	 	dwelling or	 	 	 	 
	Floor	 	persons	 	lbs per	 	habitable	 	occupancy	 	rooming	 	Zoning	 	 
	From To	 	permitted	 	sq.ft.	 	rooms	 	group	 	units	 	use group	 	Description of use
	TO

W
	 	 	 	 	 	 	 	 	 	 	 	 	 	COOLING TOWER, HOUSE TANK, 

FAN ROOM AND ELEVATOR 

MACHINERY ROOM

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	NOTE: SCENERY OF SCENIC
ELEMENTS ON OR ABOVE THE
STAGE IS PROHIBITED WITHIN THE
F1-B PLACE OF ASSEMBLY ON THE
6TH FLOOR. NOTE: GARAGE TO BE
USED EXCLUSIVELY FOR STORAGE
OR PASSENGER MOTOR VEHICLES
OF TENANTS OR THEIR
EMPLOYEES, CUSTOMERS OR
PATRONS, ALL IN ACCORDANCE
WITH

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	4-A OF THE ZONING RESOLUTION,
NO SALE OF GASOLINE OR OIL OR
SERVICE OR REPAIR FACILITIES
PERMITTED. FIRE DEPARTMENT
APPROVALS: STANDPIPE SYSTEM —
MAY 1, 1963 SPRINKLER SYSTEM —
JUNE 14, 1963 OLD CODE

END OF SECTION

	 	 	 	 	 	 	 
	
 

	 	 
	 	
 

	 	 
	Borough Commissioner

	 	 	 	Commissioner	 	 

 
	 	 	 	 	 	 	 
	B Form 54 (Revised 03/05)
 

	 	END OF DOCUMENT
 

	 	 

 

 

Page 1 of 4

	 	 	 
	

	 	
Certificate of Occupancy

CO Number: 103457929F

This certifies that the premises described herein conforms substantially to the approved plans
and specifications and to the requirements of all applicable laws, rules and regulations for the
uses and occupancies specified. No change of use or occupancy shall be made unless a new
Certificate of Occupancy is issued. This document or a copy shall be available for inspection at
the building at all reasonable times.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	A.

	 	Borough: Manhattan
	 	Block Number:
	 	 	01267	 	 	Certificate Type:
	 	Final
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Address: 1290 AVENUE OF THE AMERICAS
	 	Lot Number(s):
	 	 	1	 	 	Effective Date:
	 	04/06/2006
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Building Identification Number (BIN): 1034510	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Special District: None
	 	Building Type:
	 	Altered
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	This Certificate supercedes CO Number(s): 107176	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	For zoning lot metes & bounds, please see BISWeb.	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 
	B.

	 	Construction classification:
	 	OLD CODE: 1
	 	Number of stories:
	 	 	43	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Building Occupancy Group classification:
	 	COM
	 	Height in feet:
	 	 	546	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Multiple Dwelling Law Classification:
	 	None
	 	Number of dwelling units:
	 	 	0	 
	 
	 	 	 	 	 	 	 	 	 	 
	C.	 	Fire Protection Equipment: 
None associated with this filing.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	D.

	 	Type and number of open spaces:	 	 	 	 	 	 	 	 
	 

	 	None associated with this filing.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	E.	 	This Certificate is issued with the following legal limitations:	 	 	 	 	 	 
	 

	 	None	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Borough Comments: None	 	 	 	 	 	 	 	 

	 	 	 	 	 
	 
	 	 	 	 
	
 

Borough Commissioner

	 	 

Commissioner

	 	  

					
	 	 	 	 	 
	B Form 54 (Revised 03/05)
	 	DOCUMENT CONTINUES ON NEXT PAGE
	 	 

 

Exhibit “4.3”

HVAC Specifications

Summer: Indoor conditions not in excess of 75oF dry bulb / 50% relative humidity, will be
maintained when outdoor conditions are 91oF dry bulb / 76oF wet bulb, based upon a tenant occupancy
of one person per 100 rentable square feet average and lighting/equipment average electric usage of
80% of 5 watts demand load per square foot of Usable Area. Building air conditioning systems which
cool the Premises shall be provided with a minimum of 75% efficiency filter. Indoor conditions are
based upon Building Systems delivering a minimum of 20 cfm per person of outside air.

Winter: Minimum 70oF indoor conditions will be maintained when outdoor conditions are at or
above 0oF.

 

 

Exhibit “4.4”

Cleaning Specifications

NIGHTLY (ON BUSINESS DAYS)

	•	 	Sweep hard-surfaced flooring in general office space using a dust-down preparation.
	 
	•	 	Carpet sweep carpets in general office areas without moving heavy furniture (such as
desks, file cabinets, computer stands, and sofas).
	 
	•	 	Hand dust and wipe clean all furniture, fixtures and window sills in the general
office areas that are within reach of the cleaning staff without ladders.
	 
	•	 	Empty and clean waste receptacles in the general office areas and remove wastepaper.
	 
	•	 	Dust the interior of waste receptacles in the general office areas.
	 
	•	 	Wash clean water fountains and coolers in the general office areas.
	 
	•	 	Sweep private stairways within the premises.
	 
	•	 	Sweep and wash (using disinfectant) all floors in the base building lavatories that
are located in the Building core.
	 
	•	 	Wash and polish mirrors, shelves, bright work and enameled surfaces in the base
building lavatories that are located in the Building core.
	 
	•	 	Wash and disinfect basins, bowls and urinals in the base building lavatories that
are located in the Building core.
	 
	•	 	Wash toilet seats in the base building lavatories that are located in the Building
core.
	 
	•	 	Hand dust and clean all partitions, tile walls, dispensers and receptacles in the
base building lavatories that are located in the Building core.
	 
	•	 	Empty paper receptacles and remove wastepaper in the base building lavatories that
are located in the Building core.
	 
	•	 	Fill toilet tissue holders in the base building lavatories that are located in the
Building core.
	 
	•	 	Clean each Designated Pantry
	 
	•	 	Empty and clean sanitary disposal receptacles in the base building lavatories that
are located in the Building core.

 

 

WEEKLY

	•	 	Vacuum clean carpeting and rugs in the general office areas without moving heavy
furniture (such as desks, file cabinets, computer stands, and sofas).
	 
	•	 	Dust door louvres and other ventilating louvres that are within reach of the
cleaning staff without ladders.
	 
	•	 	Wipe clean bright work.

QUARTERLY

	•	 	High dust the Premises, including the following:

	 	•	 	Dust pictures, frames, charts, graphs and similar wall hangings that are not
reached in nightly or weekly cleaning.
	 
	 	•	 	Dust clean vertical surfaces, such as walls, partitions, doors and door
bucks and other surfaces not reached in nightly or weekly cleaning.
	 
	 	•	 	Dust pipes, ventilating and air-conditioning louvers, ducts, high moldings
and other high areas not reached in nightly or weekly cleaning.
	 
	 	•	 	Dust Venetian blinds.

ADDITIONAL SERVICES

	•	 	Wash the exterior of windows periodically, subject to weather conditions and
Requirements.

 

 

Exhibit “6.2”-1 -A

Landlord’s Base Building Work

All references to the Office Premises contained in this Exhibit 6.2-1 shall be deemed to exclude
the Existing Data Room. Landlord shall perform the following work in the Office Premises:

	•	 	The Office Premises shall be in a broom clean condition, free of debris and demolished.
	 
	•	 	All perimeter convector enclosures and grilles shall be stripped of paint, repaired or
replaced where necessary and delivered ready to receive Tenant finishes. All perimeter
convector units to be cleaned and vacuumed. All sound attenuation materials replaced as
needed. All piping, valves, thermostats and controls shall be in good working order and
condition. There shall be a minimum of one (1) thermostat and associated control valve per
column bay. Acoustics shall be installed within walls of the Office Premises that are
located in between the individual offices constructed therein but only to the extent that
there is induction piping or ductwork in such walls.
	 
	•	 	Floors of the Office Premises shall be delivered scraped, patched and leveled to the
standard of a first class office building, ready to receive floor coverings.
	 
	•	 	There shall be firestopping and fireproofing at all locations required by Requirements.
	 
	•	 	All exposed steel shall be fireproofed. The inside face perimeter walls, sill or
bulkheads, core wall, columns, and base building partitions within the Office Premises
shall be framed, dry walled, insulated, spackled, finished, taped and polished from slab to
finished ceiling ready to accept paint. Interior columns shall be stripped clean (if
applicable) of all previous construction to the interior fireproofing surface.
	 
	•	 	Landlord shall provide a minimum of six (6) required connection points as required by
the Permitted Uses, tie ins, and software reprogramming for the Office Premises for Tenant
speakers, strobes, relays, and other addressable and non-addressable devices and
connection to the Building’s Class “E” fire alarm system. Such system shall include, but
not to be limited to, the installation of required warden stations, pull stations, smoke
detectors, and speakers and strobes for the core areas including the core lavatories, of
sufficient quantity and appropriate height to meet ADA and all code Requirements, whether
local, state or federal.
	 
	•	 	Landlord shall install, trunk ducts for Tenant’s allocated HVAC supply and return air
to the Office Premises, including all required fire alarm devices and fire/smoke dampers.
	 
	•	 	All perimeter windows shall be sealed and in weathertight condition, and all broken
glass replaced. Landlord shall repair or repair the existing mullions inside the Office
Premises where necessary, as determined by Landlord, in Landlord’s reasonable discretion.
	 
	•	 	All exterior window film shall be removed and replaced with clear film. Specifications
for the window film are attached hereto as Exhibit “6.2-1-B”.
	 
	•	 	Landlord shall provide a temporary sprinkler loop together with complete infrastructure,
including valved outlets on each floor of the Office Premises.

 

 

	•	 	All restrooms on each floor of the Office Premises shall be upgraded to Landlord’s
building standard finish which shall be comparable to the bathrooms located on the
seventeenth (17th) through the twenty-first (21st) floors of the
Building as of the date hereof; it being understood, however, that Tenant shall be
permitted to request reasonable changes to the finishes located therein and Landlord shall
use commercially reasonable efforts to work together with Tenant to accommodate such
reasonable changes. If required by Requirements, Landlord shall build an ADA compliant
unisex stall on each floor of the Office Premises in a location designated by Landlord and
approved by Tenant which approval shall not be unreasonably withheld, conditioned or
delayed.
	 
	•	 	Landlord shall construct a Building standard, code compliant demising wall and common
corridor. Cosmetic finishes of the common corridor, along with a color rendering of the
completed common corridor shall be comparable to the finishes located in the common
corridors of the eighth (8th) and ninth (9th) floors of the Building
as of the date hereof; it being understood, however, that Tenant shall be permitted to
request reasonable changes to the finishes located therein and Landlord shall use
commercially reasonable efforts to work together with Tenant to accommodate such reasonable
changes. Landlord shall use commercially reasonable efforts to finish common corridor
within thirty (30) days after Landlord completes the Office Improvement Work.

 

 

Exhibit “6.2”-1-B

Window Film Specifications

(See Attached)

 

 

 

 

 

 

Exhibit “6.2”-2

Final Plans

ARCHITECTURAL

	 	 	 
	A001
	 	GENERAL NOTES, DRAWING LIST, KEY PLAN
	A002
	 	GENERAL NOTES, ABBREVIATIONS + SYMBOLS
	A003
	 	KEY PLAN
	A110
	 	4TH FLR EXISTING/DEMOLITION PLAN
	A111
	 	4TH FLR EXISTING/DEMOLITION PLAN
	A112
	 	5TH FLR EXISTING/DEMOLITION PLAN
	A120
	 	4TH FLR CONSTRUCTION PLAN
	A121
	 	4TH FLR CONSTRUCTION PLAN
	A122
	 	5TH FLR CONSTRUCTION PLAN
	A130
	 	4TH FLR REFLECTED CEILING PLAN
	A131
	 	4TH FLR REFLECTED CEILING PLAN
	A132
	 	5TH FLR REFLECTED CEILING PLAN
	A140
	 	4TH FLR POWER/TELPHONE/DATA PLAN
	A141
	 	4TH FLR POWER/TELPHONE/DATA PLAN
	A142
	 	5TH FLR POWER/TELPHONE/DATA PLAN
	A150
	 	4TH FLR FINISH PLAN
	A151
	 	4TH FLR FINISH PLAN
	A152
	 	5TH FLR FINISH PLAN
	A200
	 	INTERIOR ELEVATIONS (multiple drawings to be issued)
	A500
	 	DETAILS: PARTITION TYPES (multiple drawings to be issued)
	A600
	 	DOOR SCHEDULE
	A601
	 	FINISH AND LIGHT SCHEDULE (multiple drawings to be issued)
	A700
	 	DETAILS: MILLWORK (multiple drawings to be issued)

 

 

Exhibit “17.3”

Cushman Competitors

[See Attached]

 

 

terms of
this Section 3.6(A)(3) the term “Short List Competitor” shall mean any
Person which is identified on the list attached hereto as
Exhibit 3.6-4 provided however that any
such Person shall constitute a Short List Competitor only during the period that such Person
constitutes a “top tier” Real Estate Service Provider Tenant shall have the right by giving
Landlord at least ten (10) Business Days of prior notice to
replace any Person on Exhibit 3.6 -4
from time to time with a “top tier” Real Estate Service Provider (it being understood however that
in no event shall Tenant have the right to identify a greater number of Persons than initially
identified in Exhibit 3.6 -4 at any one time on such list)
Subject to the terms of this Section 3.6(A)(3), the term “Long List Competitor” shall mean any Person which is identified on the
list attached hereto as Exhibit “3.6” 5 provided, however that any such Person shall constitute a
Long List Competitor only during the period that such Person constitutes a Real Estate Service
Provider Tenant shall have the right by giving Landlord at least ten (10) Business Days of prior
notice to replace any Person on Exhibit “3.6” 5 from time to time with a Real Estate Service
Provider (regardless of whether such Real Estate Service Provider is “top tier” ) (it being
understood however that in no event shall Tenant have the right to identify a greater number of
Persons than initially identified in Exhibit “3.6’5 at any one time on such list) Landlord and
Tenant acknowledge that the Short List Competitors that are listed on Exhibit 3.6-4 attached hereto
constitute top tier’ Real Estate Service Providers as of the date hereof Landlord and Tenant
acknowledge that the Long List Competitors that are listed on
Exhibit 3.6 5 attached hereto
constitute Real Estate Service Providers as of the date hereof If (i) at any time from and after
the date hereof Landlord concludes that a particular Short List Competitor no longer constitutes a
“top tier” Real Estate Service Provider and (ii) Landlord gives Tenant notice thereof then
such Person shall not constitute a Short List Competitor as of the twentieth (20th) day after the
date that Landlord gives such notice to Tenant unless Tenant objects thereto by giving Landlord
notice thereof within such period of twenty (20) days in which case the parties shall seek in good
faith the resolve the dispute (subject, however to Tenant’s right in accordance with all of the
applicable terms of this Section 3.6(A)(3) to add such entity to the list of Short List Competitors
at a later date if such entity is at the time in question a ‘top tier’ Real Estate Service Provider)
If (i) at any time from and after the date hereof, Landlord concludes that a particular Long List
Competitor no longer constitutes a Real Estate Service Provider and (ii) Landlord gives
Tenant notice thereof, then such Person shall not constitute a Long List Competitor as of the
twentieth (20th) day after the date that Landlord gives such notice to Tenant unless Tenant objects
thereto by giving Landlord notice thereof within such period of twenty (20) days in which case the
parties shall seek in good faith the resolve the dispute (subject however to Tenant’s right in
accordance with all of the applicable terms of this Section 3.6(A)(3) to add such entity to the
list of Long List Competitors at a later date if such entity is at the time in question, a Real
Estate Service Provider) Landlord and Tenant shall each have the right to submit to an Expedited
Arbitration Proceeding any unresolved dispute pursuant to the preceding two (2) sentences (it being
agreed that during the pendency of such dispute or the disputes detailed in the preceding two (2)
sentences, such Person shall be deemed to constitute a Short List Competitor or a Long List
Compe
titor as applicable) Following any such resolution which involves the removal of a particular
Short List Competitor or Long List Competitor from the Short List Competitor list or the Long List
Competitor list, as the case may be Tenant shall be entitled to add an additional entity to either
such list as applicable pursuant to the terms of this
Section 3.6. The term “Real Estate Service
Provider” shall mean any Person or any division or business unit of any such Person that in
either case (x) derives all or a substantial portion of its

57

 

revenue from providing any of the following services to a third party commercial real estate
brokerage real estate investment sales including lodging and leisure sales property management
facilities management project management, real estate appraisal and valuation commercial real
estate mortgage brokerage commercial real estate market research and market analytics real estate
debt placement, real estate transaction consulting lease administration (it being agreed that if an
accounting firm (or a firm providing similar non real estate services) provides lease
administration services to a third party then such accounting firm shall not be deemed a Real Estate
Service Provider solely by reason of such provision of lease administration services provided
however that any distinct division or business unit of such accounting firm (or a firm providing
similar non real estate services) that provides lease administration services shall be considered a
Real Estate Service Provider if it otherwise meets the definition of Real Estate Service Provider)
real estate investment management and strategy and real estate fund management (collectively
Real Estate Services ) or (y) (I) derives a material portion if its revenue from providing
Real Estate Services to third parties (but does not derive all or substantially all of its revenue
from providing Real Estate Services to third parties) and (II) is generally known as a provider of
Real Estate Services (so that, for example (A) if as of the date hereof CB Richard Ellis Inc
derives a material portion of its revenue from providing Real Estate Services to third parties (but
does not derive all or substantially all of its revenues from providing Real Estate Services to
third parties) then CB Richard Ellis Inc would nevertheless constitute a Real Estate Service
Provider as of the date hereof because CB Richard Ellis Inc is generally known as a provider of
Real Estate Services as of the date hereof and (B) if, as of the date hereof McDonald’s Corporation
derives a material portion of its revenues from providing Real Estate Services to third parties
(but does not derive all or substantially all of its revenues from providing Real Estate Services
to third parties) then McDonald’s Corporation would not constitute a Real Estate Service Provider
as of the date hereof because McDonald’s Corporation is not generally known as a provider of Real
Estate Services as of the date hereof) it being agreed, however that a Financial Services Provider
shall not constitute a Real Estate Service Provider. The parties hereby acknowledge that a Person
that is not generally known as a provider of Real Estate Services to third parties but which Person
has one or more Affiliates divisions or business units that provide Real Estate Services to third
parties shall not necessarily constitute a Real Estate Service Provider itself but the particular
Affiliate division or business unit of such Person that provides Real Estate Services to third
parties shall constitute a Real Estate Service Provider (so that, for example if (I) Citibank Real
Estate Services is in the business of providing Real Estate Services to third parties and (II)
Citibank Real Estate Services comprises only a small component of the business of Citibank, then
Citibank Real Estate Services” shall constitute a Real Estate Service Provider but Citibank shall
not constitute a Real Estate Service Provider (merely by virtue of Citibank’s having such Affiliate
division or business unit that is a Real Estate Service Provider)). The term “Financial Services
Provider” shall mean a Person, division or business unit that derives at least
seventy five (75%) percent of its revenues from providing financial services to third parties. The
parties hereby acknowledge that the operation of a real estate fund, or providing investment advice
to a real estate fund constitutes the provision of financial services. The term “Derivative
Entity” shall mean a Person or an Affiliate, division or business unit of a Person that, in
either case (I) has a name which includes a word or phrase that is or combination and/or
abbreviation of one or more words or phrases that are derived from the name of a Short List
Competitor a Long List Competitor or a Real Estate Service Provider as the case may be and (II) has
included in its

58

 

name a word or phrase that is or combination and/or abbreviation of one or more words or phrases
that are generally known as the name of a Short List Competitor a Long List Competitor or a Real
Estate Service Provider as the case may be Thus for example if CB Richard Ellis Inc is a Real
Estate Service Provider then CBRE Real Estate Funds CB Lease Audit Services and ‘CBRE Supermarkets
shall constitute Derivative Entities of CB Richard Ellis Inc (regardless of whether ‘CBRE Real
Estate Funds ‘CB Lease Audit Services and CBRE Supermarkets are themselves Real Estate Service
Providers). However if Citibank Real Estate Services is a Real Estate Service Provider then
Citibank and “Citibank Real Estate Funds’ shall not constitute Derivative Entities of Citibank
Real Estate Services (assuming that Citibank and Citibank Real Estate Funds are not otherwise Real
Estate Service Providers). If Landlord is engaged in bona fide negotiations with a Person regarding
the leasing or subleasing of space in the Building and such Person is not identified on either the
Short List Competitor list or the Long List Competitor list (and is not a Derivative Entity of a
Person identified on either the Short List Competitor list or the Long List Competitor list) then
Landlord shall have the right to send a notice to Tenant requesting Tenant to identify whether
such person is a Real Estate Service Provider. If Tenant fails to respond to such notice then
Landlord shall send Tenant a second notice (not sooner than (10) Business Days after giving the
first notice). If Tenant fails to respond to such second notice within five (5) Business Days after
receipt thereof then Landlord shall not be precluded from granting signage rights to such Person
to an extent that would otherwise not be permitted for a Competitor pursuant to the terms of this
Section 3.6(A). If Tenant however responds to such notices as applicable and identifies such Person
as a Real Estate Service Provider then any lease or sublease (including without limitation
granting signage rights) consummated between Landlord and such Person, if permitted hereunder
shall be subject to the terms and provisions of this Lease. Landlord and Tenant shall each have the
right to submit to an Expedited Arbitration Proceeding a dispute with respect to the provisions of
this Section 3.6(A)(2) and/or the determination of whether a Person is a Competitor

          (B) If Landlord replaces or otherwise performs work on the curtain wall of the Building then
Landlord shall have the right to obstruct Tenants Exterior Sign temporarily during the period that
Landlord performs such work. If at any time the Tenant’s Exterior Sign is obstructed as aforesaid
then Landlord shall perform (or cause to be performed) such work with reasonable diligence and
otherwise take such action as may be reasonably necessary to minimize the period during which the
Tenant’s Exterior Sign is temporarily obstructed and shall provide Tenant with a temporary sign
(reasonably approved by Tenant) that is similar in size location (to the extent practicable) and
prominence to Tenant’s Exterior Sign during the period that Tenant’s Exterior Sign is obstructed.

          (C) If Landlord performs work in the lobby of the Building, then Landlord shall have the right
to obstruct Tenant’s Elevator Signs temporarily during the period that Landlord performs such work.
If at any time the Tenant’s Elevator Signs are obstructed as aforesaid then Landlord shall perform
(or cause to be performed) such work with reasonable diligence and otherwise take such action as
may be reasonably necessary to minimize the period during which the Tenant’s Elevator Signs are
temporarily obstructed and shall provide Tenant with temporary signs (reasonably approved by
Tenant) that are similar in size location (to the extent practicable) and prominence to Tenant
Elevator Signs during the period that Tenant’s Elevator Signs are obstructed.

59

 

replaces one of the existing Short List Competitors or Long List Competitors with such Person then
any lease or sublease consummated between Landlord and such Person, if permitted hereunder shall be
subject to the terms and provisions of this Lease.

          (B) Landlord shall have the right to lease any space in the Building that does not constitute
Sensitive Space to any Person (the space in the Building that is not Sensitive Space being
collectively referred to herein as the Peripheral Space) provided however that during the
Term, provided that the Minimum Occupancy Requirement is satisfied and the Initial Tenant
Requirement is satisfied (I) Landlord shall not lease any Peripheral Space to a particular Short
List Competitor and/or a Derivative Entity thereof that provides commercial real estate brokerage
and/or property management services to a third party for use by such Short List Competitor and/or
such Derivative Entity as Headquarters Space (and any lease made by Landlord pursuant to the terms
of this Section 33.22 to a Short List Competitor or a Derivative Entity thereof shall explicitly
prohibit such use) (II) Landlord shall not lease Peripheral Space to a particular Short List
Competitor and all Derivative Entities thereof (a particular Short List Competitor and all of the
Derivative Entities thereof being referred to herein as a
“Short List Competitor Family”)
or any particular Short List Competitor or any particular Derivative Entity thereof that in either
case is comprised of more than (X) the entire Rentable Area on more than two (2) full floors in the
portion of the Building located on the seventeenth (17th) through the forty third
(43rd)
floors (such floors being collectively referred to herein as the
“Tower
Peripheral Space” ) or (Y) any portions of the Building that do not constitute Tower Peripheral
Space or Sensitive Space (such portions of the Building that do not constitute Tower Peripheral
Space or Sensitive Space being collectively referred to herein as the “Base Peripheral
Space”) if the Base Peripheral Space that is leased to such particular Short List Competitor
Family or any particular Short List Competitor or any particular Derivative Entity thereof together
with any portion of the Tower Peripheral Space that is leased to such particular Short List
Competitor Family or any particular Short List Competitor or any particular Derivative Entity
thereof would comprise in the aggregate more than fifty five thousand
(55,000) square feet of
Rentable Area, and (III) in no event shall Landlord lease any Peripheral Space to (x) CB Richard
Ellis Inc. or its corporate successor or a Derivative Entity of CB Richard Ellis Inc or its
corporate successor in either case during the period that CB Richard Ellis Inc or its corporate
successor constitutes a Short List Competitor or (y) Jones Lang LaSalle or its corporate successor
or a Derivative Entity of Jones Lang LaSalle or its corporate successor in either case during the
period that Jones Lang LaSalle or its corporate successor constitutes
a Short List Competitor. The
term “Headquarters Space” shall mean space in the Building designated by or generally known
as such Short List Competitor’s and/or Derivative Entity’s New York, regional national and/or
worldwide principal office. Any dispute between Landlord and Tenant regarding whether or not such
space qualifies as Headquarters Space may be submitted by either party to an Expedited Arbitration
Proceeding.

          (C) Subject
to Section 33.22(D) hereof during the Term provided that the Minimum Occupancy
Requirement is satisfied and the Initial Tenant Requirement is satisfied, Landlord shall not permit
any tenant that leases from Landlord any Sensitive Space after the date hereof (or any Person
claiming by through or under such tenant) to sublease sublicense or otherwise grant occupancy
rights for the Sensitive Space (in whole or in part) or assign its lease sublease, license or other
occupancy agreement (as the case may be) to any Long List Competitor (or any Derivative Entity
thereof) or any Short List Competitor (or any Derivative

195

 

Entity thereof) provided however that nothing contained in this Section 33.22 precludes Landlord
from permitting another tenant to sublease sublicense or otherwise grant occupancy rights for any
space in the Building or assign its sublease license or other occupancy agreement to a Person that
does not constitute a Long List Competitor (or any Derivative Entity thereof) or a Short Term
Competitor (or any Derivative Entity thereof) on the date that such other tenant consummates the
applicable sublease or assignment (but that thereafter constitutes a Long List Competitor (or any
Derivative Entity thereof) or a Short List Competitor (or any Derivative Entity thereof) in
accordance with the terms hereof) Tenant, hereby acknowledges that any tenant subtenant assignee
licensee or occupant in the Building that in each case derives its rights by through or under a
lease that is in effect on the date hereof may sublet the premises that are demised to such
tenant, subtenant assignee licensee or occupant (in whole or in part) or assign its lease sublease
license or occupancy agreement, as the case may be to a Short List Competitor (or a Derivative
Entity thereof) or to a Long List Competitor (or a Derivative Entity thereof) provided however if
any such tenant, subtenant, assignee, licensee or occupant in the Building that in each case
derives its rights by through or under a lease that is in effect as of the date hereof voluntarily
renews such lease (as opposed to a renewal pursuant to an existing renewal right in such lease) or
voluntarily has additional space added to its existing premises then the provisions of Section 33.
22(A) hereof shall be applicable during such renewal term and/or to such additional space as the
case may be If any tenant that leases from Landlord all or any portion of a floor of the Building
after the date hereof is engaged in bona fide negotiations with a Person regarding the subleasing
of space in the Building and such Person is not a Short List Competitor list or is not a Long List
Competitor list (and in either case is not a Derivative Entity thereof) then Landlord shall have
the right to send a notice to Tenant requesting Tenant to indicate whether Tenant intends to
replace one of the existing Short List Competitors or Long List Competitors with such Person (to
the extent that Tenant otherwise has the right to do so under Section 3.6 hereof). If Tenant fails
to respond to such notice then Landlord shall send Tenant a second notice (not sooner than (10)
Business Days after giving the first notice). If Tenant fails to respond to such second notice
within five (5) Business Days after receipt thereof then such tenant shall not be precluded from
consummating a lease or sublease for space in the Building with such Person. If Tenant however
responds to such notices as applicable and so replaces one of the existing Short List Competitors
or Long List Competitors with such Person then any lease or sublease consummated between such
tenant and such Person, if permitted hereunder shall be subject to the terms and provisions of
this Lease.

          (D) Any tenant that leases from Landlord all or any portion of Peripheral Space shall have the
right to sublease sublicense or otherwise grant occupancy rights for such space (in whole or in
part) or assign its lease sublease license or other occupancy agreement (as the case may be) to any
Person provided, however that during the Term, provided that the Minimum Occupancy Requirement is
satisfied and the Initial Tenant Requirement is satisfied (I) any such tenant shall not have the
right to sublease sublicense or otherwise grant occupancy rights for any Peripheral Space to a
particular Short List Competitor and/or a Derivative Entity thereof that provides commercial real
estate brokerage and/or property management services to a third party for use by such Short List
Competitor and/or such Derivative Entity as Headquarters Space (and any sublease made by such
tenant pursuant to the terms of this Section 33.22 to a Short List Competitor or a Derivative
Entity thereof shall explicitly prohibit such use) (II) any such tenant shall not have the right to
sublease sublicense or otherwise grant occupancy rights for any Peripheral Space to a particular
Short List Competitor Family or any particular Short List

196

 

Competitor or any particular Derivative Entity thereof that in either case is comprised of more
than (X) the entire Rentable Area on more than two (2) full floors in the Tower Peripheral Space
or (Y) any portions of the Base Peripheral Space if the Base Peripheral Space that is subleased
sublicensed or otherwise demised to such particular Short List Competitor Family or any particular
Short List Competitor or any particular Derivative Entity thereof together with any portion of the
Tower Peripheral Space that is subleased sublicensed or otherwise demised to such particular Short
List Competitor Family or any particular Short List Competitor or any particular Derivative Entity
thereof would comprise in the aggregate more than fifty five thousand
(55,000) square feet of
Rentable Area, and (III) any such tenant shall not have the right to sublease sublicense or
otherwise grant occupancy rights for any Peripheral Space to (x) CB Richard Ellis Inc or its
corporate successor or a Derivative Entity of CB Richard Ellis Inc or its corporate successor in
either case during the period that CB Richard Ellis Inc or its corporate successor constitutes a
Short List Competitor or (y) Jones Lang LaSalle or its corporate successor or a Derivative Entity
of Jones Lang LaSalle or its corporate successor in either case during the period that Jones Lang
LaSalle or its corporate successor constitutes a Short List
Competitor.

     33.23
Entrance.

     Landlord hereby agrees that the entrance to the Building located on the Sixth Avenue side of
the Building shall remain open at all times during the Term.

Article 34

LEASING AND MANAGEMENT AGREEMENT

     34.1 Leasing and Management Agreement.

          (A) The provisions of this Article 34 shall only apply during the period that the Minimum
Occupancy Requirement is satisfied and the Initial Tenant Requirement
is satisfied.

          (B) As a material inducement for Tenant entering into this Lease Landlord and Tenant
simultaneously herewith shall enter into that certain exclusive leasing agency agreement (the
“Leasing Agreement”) in the form attached hereto as Exhibit “34” 1 and made a part hereof
which grants Tenant the exclusive right to represent Landlord in the leasing of any and all space
in the Building on the terms and subject to the conditions set forth
therein. Subject to the terms
of this Section 34.1(B) if at any time during the Term either (i) Landlord terminates the
Leasing Agreement for any reason other than as permitted under the
Leasing Agreement, or (ii) any
successor to the rights of Landlord under this Lease fails to recognize Tenant as its exclusive
leasing agent pursuant to the Leasing Agreement (the events as
described in clauses (i) and (ii)
being referred to collectively as “Termination Events” ) then, in any such case, Tenant, at
its sole option and without limiting any other rights. Tenant may have under the Leasing Agreement,
at law or in equity shall have the right to terminate this Lease (and if applicable the Existing
Storage Lease) (the “Termination Right”) upon notice to Landlord (the “Termination
Notice” ) which Termination Right only may be exercised by Tenant within six (6) months after
the occurrence of any of the Termination Events. Upon the giving of a

197

 

Exhibit
“3.6”-4

Short List Competitors

	 	 	 
	1

	 	CB Richard Ellis
	 
	 	 
	2

	 	Newmark Knight Frank / Knight Frank
	 
	 	 
	3

	 	Grubb & Ellis Company
	 
	 	 
	4

	 	Staubach Company
	 
	 	 
	5

	 	GVA Worldwide
	 
	 	 
	6

	 	Jones Lang LaSalle
	 
	 	 
	7

	 	Colliers International

 

 

Exhibit “3.6”5

Long List Competitors

	 	 	 
	1

	 	CB Richard Ellis
	 
	 	 
	2

	 	Newmark Knight Frank / Knight Frank
	 
	 	 
	3

	 	Grubb & Ellis Company
	 
	 	 
	4

	 	Staubach Company
	 
	 	 
	5

	 	GVA Worldwide
	 
	 	 
	6

	 	Jones Lang LaSalle
	 
	 	 
	7

	 	Colliers International
	 
	 	 
	8

	 	Cresa Partners
	 
	 	 
	9

	 	Massey Knakal
	 
	 	 
	10

	 	Studley Inc.
	 
	 	 
	11

	 	NAI
	 
	 	 
	12

	 	Eastern Consolidated
	 
	 	 
	13

	 	Eastdil
	 
	 	 
	14

	 	Equis
	 
	 	 
	15

	 	Savills
	 
	 	 
	16

	 	DTZ
	 
	 	 
	17

	 	Donaldsons
	 
	 	 
	18

	 	King Sturge
	 
	 	 
	19

	 	Cluttons
	 
	 	 
	20

	 	Drivers Jonas
	 
	 	 
	21

	 	Marcus & Millichap

 

 

Exhibit “18.1”-1

Option Space A

[See Attached]

 

 

 

 

Exhibit “18.1”-2

Option Space B

[See Attached]

 

 

 

 

Exhibit “18.1”-3

Option Space C

[See Attached]

 

 

 

 

 Exhibit “19.1”-1

Expansion Space A

[See Attached]

 

 

 

 

Exhibit “19.1”-2

Expansion Space B

[See Attached]

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