License Agreement draft, 7 World Trade Center, July 1997

NYC 9/11 Public Portal Document

tn the appropriate govemmental authorities, including, widivut limiuaiun, the Pon Authority of

New York and New Jersey (the “Port Authority”) for approval, all in connection with Landlord's preparation of the Final Plans as defined and described in Article 5 below, to addition to the

Licenser L^S8££XSfaAC£Jimi k Cast shall be an amount eaual to 1x1 fifty

percent fSO%l of the first S400.000.00 of Licensor’s Work rnttjlus tvloae hundred

Lkensor’a share of Liceasor’s Work Cost shall not exceed the sum of S200.00Q.Q0 and that

Licensee shall he responsible for all of Licensor’s Work Cost’s in excess of said S200.

assumed bv Licensor. X In addition trfiielJgCT^’t Share of IJeenanr’s Work Cost, Liced^ shall

\ concurrently therewith pay to LicenaorVi)) the attorneys fees and incurred by licensor

in connection with this License and the proposed lease by Licensee, as tenant, of the TJeensed

PremisM plus (it) interest calculated at an annual rote often (10%) from dates of

payment by Licctisur of Licensor’s Work Cost and said fees and expenses, to date of

lyment by Licensee.

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

reasonably detailed back-up documentation within fifteen (IS) bu.stnws 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 DCAS aiidZor its authorized representative and post-audit by the Comptroller

for the City of New York.

If prior to Umc 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

4 AJ\7WTI.IC3.WP0

600d TZiTN din biann att; ss:st i6/0T/TT

NYC-WTC_000171130