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Lease terms and rent schedule for 7 WTC, 1998-2018

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Document outlining lease terms, square footage, and annual base rent for the Mayor's Office of Emergency Management at 7 World Trade Center.

NYC-WTC_000173890

Folder label: “Lease Abstract

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NYC 9/11 Public Portal Document

Lease Abstract

AGENCY: Mayor’s Office of Emergency Management

LOCATION: 7 World Trade Center Block & Lot: 84/3 6 Manliattan

SPACE: 50,182 square feet Entire 23^"- floor. Part 7*^ floor and roof antenna space

TERM: March 25, 1998 to January 31, 2018.

Rent Commencement: Janiuiry 1, 1999 (If Landlord delays Substantial Completion of work, Tenant gets rent credits)

Termination of Lease: City has the right to cancel after ten (10) years upon nineteen (18) months’ notice.

Expected Occupancy: December 28,1998

ANNUAL BASE RENT: 1/1/1999-12/31/2003 $1,401,820.00 ($28.00 prsl) 1/1/2004-12/31/2008 $1,752,275.00 ($35.00 prsf) 1/1/2009-12/31/2013 $1,852,405.00 ($37.00 prsf) 1/1/2014- 1/31/2018 $2,102,730.00 ($42.00 prsf)

Additional Annual Rent for Anterma space: $ 42,000.000

Alterations and Improvements: Total P.R.S.F. Total Cost: $13,727,986.00 $273.56 Landlord contribution: $ 1.661.843.00 $ 33.19 Tenant Cost: $12,066,143.00 $240.37

Landlord also contributes architectural and consulting fees which are valued at $591,082 ($11.81 prsf)

Additional Costs: Furniture $ 560,000.00 Lan Network/Computers: $ 1,900,000.00 Telephone/Data: $ 500,000.00 Mo torola/Antenna $ 1.700.000.00 Sub-total: $ 4,660,000.00

LANDLORD: 7 World Trade Company L.P. c/o Silverstein Properties 120 Broadway New York, New York 10271 Telephone Number: (212)732-9700

H:\SHARE\JK\OEMABS.WPD/p.8

NYC-WTC_000173890

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NYC-WTC_000173890Source: NYC Law Department, mirrored locally

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