World Trade Center records folder, 2001

NYC 9/11 Public Portal Document

To Tenant: ASSISTANT COMMISSIONER FOR LEASING, - - ACQUISITIONS AND SPACE DESIGN Department of Citywide Administrative Services Division of Real Estate Services I Centre Street, 20th Floor North, Room 2000 New York, NY 10007

Copy to:

(Until Substantial Completion Date)

Deputy Administrator for Administration Human Resources Administration • 250 Church Street New York, NY .10013

After Substantial Completion Date to Premises

BROKERAGE: Cushman & Wakefield, Inc. and Galbreath Company, L.P. (Art. 29, Pg. 142)

ASSIGNMENT/ Landlord's consent required, not to be unreasonably withheld or SUBLET: delayed. Landlord has right to sublet or to become assignee. (Art. 32, Pg. 144) Landlord right to 50% profit capture, after deducting subleasing expenses. Tenant shall reimburse Landlord for Landlord's reasonable costs and expenses in reviewing or acting upon any proposed assignment or subletting. Tenant right to permit any agency or department of the City of New York to occupy a portion of Premises.

DEFAULT: Cure period for monetary default is 10 days after Landlord notice (Art. 38,Pg. 162) and for non-monetary default is 30 days after Landlord notice. Landlord may terminate the lease upon default.

RENEWAL Tenant may renew for five (5) years upon notice between thirty (30) OPTION: months and twenty-seven (27) months prior to expiration. Tenant . (An. 39, Pg. 169) must obtain at its sole cost and expense all city and other approvals required (including any approvals required under the New York City Charter and Administrative Code)("Code Approval of the Renewal Option") at least eighteen (18) months before the expiration of Initial Term. The premises shall cover a minimum of one-half (215,000 r.s.f) of the area. Rent at 95% Fair Market Rental. During the Renewal Period the Real Estate Tax Base year and Operating Expense Base year shall remain the same as prior to

NYC-WTC 000136521