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License agreement draft, 7 World Trade Center, July 1997

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Draft license agreement between the City of New York and 7 World Trade Company for space at 7 WTC.

NYC-WTC_000170553–000170576

Folder label: “LICENSE AGREEMENT

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NYC 9/11 Public Portal Document

. 07/25/97 17:04 CARB LURIA LLP -> 2126692030 NO.505 P009

for approval, all in connection with Landlord's preparation of the Final Plans as defined and

described in Article S below. In addition to the Licensor Work Cost. Licensee shall

concurrently therewith nav to Licensor fi the attomevs fees and expenses inenrred bv

Licensor in connection with this License and the proposed Ifttse bv Licensee, as tenant, of

the Licensed Premises, plus fifl interest calculated at an annmal rate of ten percent fl0%1

from dates of payment bv Licensor of Licensor’s Work Cost and said attorneys fees and

expenses, to date of payment hv Licensee,

Licensor shall provide Licensee with a statement of all such costs together with

reasonably detailed back-up documentation within fifteen (IS) business days after Licensee's

giving of a termination notice, or if applicable, the expiration of the License. Such costs shall be

subject to audit by DC AS and/or its authorized representative and post-audit by the Comptroller

for the City ofNew York

IC prior to the Expiration Date, Licensee shall terminate this License by reason of

Licensor's breach of the terms of this License and Licensee cannot thereby enter into a lease of the

Licensed Premises because of uncompleted Licensor's Work pursijant to Article 5 hereof, no

Licensor Work Cost shall be payable. If, prior to the Expiration Date, Licensor shall terminate

this License, except if due to a breach of the terms of this License by Licensee, no Licensor Work

Cost shall be payable fi-om Licensee to Licensor. The Licensor’s Work Cost payment shall also

be waived in its entirety if Licensor and Licensee execute and deliver a lease of the Licensed

Premises during the term of this License pursuant to Article 3 of this Licens^_gid2i££LXlllll£

provisions of said lease

-5-

NYC-WTC_000170559

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NYC-WTC_000170559Source: NYC Law Department, mirrored locally

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