PowerPoint Presentation

OVERVIEW

1. LANDLORD:

FC Eighth Ave., LLC

2. TENANT:

Seyfarth Shaw LLP

3. PREMISES:

Floor

RSF 1,650

P28 (Storage)

E31 E32 E33 E35

31,753 31,753 31,753 32,623 129,532

Total

[In anticipation of the near- and long-term change in workplace occupancy resulting from COVID-19, it will be critical to revisit Seyfarth’s space program and resulting space requirements prior to making any lease commitment.]

4. EXECUTION DATES:

Lease: 6/12/2006 (Lease Floors P28, E31-33)

Lease Commencement Letter: 12/26/2006

1 st Amendment: 12/21/2016 (Lease Floor 35)

5. KEY LEASE DATES:

Lease Commencement Letter Lease, Article 3.01(B) 1 st Amendment, Article 2(a) Estoppel Letter

P28, E31-33 Lease Commencement Date: 12/3/2006 P28, E31-33 Rent Commencement Date: 8/3/2007 E35 Commencement Date: Between 5/1/2017 and 6/15/2017 P28, E31-33, E35 Expiration Date: 2/29/2024

ECONOMICS

6. BASE RENT:

Original Lease – Floors 28, 31-33

Lease, Article 3.01, p. 46

Storage: Floor 28

Floors 31-33

Base Rent PSF

% Incr.

Base Rent PSF

% Incr.

Start Date

End Date

$43.50

-

$76.72

-

8/3/2007

8/31/2012

$47.85

10.0%

$81.72

6.51%

9/1/2012

8/31/2017

$52.64

10.01%

$86.72

6.11%

9/1/2017

8/31/2022

$57.90

9.99%

$91.72

5.76%

9/1/2022

2/29/2024

1st Amendment - Floor 35

Start Date

End Date

Base Rent PSF

% Incr.

5/1/2017*

9/30/2022

$83.00

-

10/1/2022

2/29/2024

$90.00

8.4%

*Assumed 5/1/17 start for E35. Following the LCD there is 5 months of free rent