Presentation Title

Negotiation Trail – 1155 Avenue of the Americas

1155 Avenue of the Americas – 9/8/23 from Durst

1155 Avenue of the Americas – 9/27/23 CW Counter

1155 Avenue of the Americas – 10/4/23 from Durst

Entire 37 th Floor – 17,246 RSF

Entire 37 th Floor – 17,246 RSF

Entire 37 th Floor – 17,246 RSF

Premises

November 1, 2024

November 1, 2024

November 1, 2024

Lease Commencement

January 1, 2025 (2 months free rent after construction)

January 1, 2025 (2 months free rent after construction)

January 1, 2025 (2 months free rent after construction)

Rent Commencement

15 Years from the Rent Commencement Date

15 Years from the Rent Commencement Date

15 Years from the Rent Commencement Date

Term

Years 1 – 5: Years 6 – 10:

$107.50 per RSF $115.50 per RSF $123.50 per RSF

Years 1 – 5: Years 6 – 10:

$105.00 per RSF $113.00 per RSF $120.00 per RSF

Years 1 – 5: Years 6 – 10:

$112.50 per RSF $120.50 per RSF $128.50 per RSF

Base Rent

Years 11 – LXD:

Years 11 – LXD:

Years 11 – LXD:

Operating Expenses: Proportionate share over a calendar 2024 base year Real Estate Taxes: Proportionate share over a fiscal 2024/2025 base year

Operating Expenses: Proportionate share over a calendar 2025 base year Real Estate Taxes: Proportionate share over a fiscal 2024/2025 base year

Operating Expenses: Proportionate share over a calendar 2025 base year Real Estate Taxes: Proportionate share over a fiscal 2024/2025 base year

Escalations

Tenant Improvement Allowance

$150.00 per RSF

$230.00 per RSF

$230.00 per RSF

One (1) ten (10) or one (1) five (5) year option to renew the term for all of the space with 24 months prior written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value. Tenant shall have the ROFO during the first 10 years to expand onto the entire adjacent floor or partial floor that becomes available throughout the Lease Term.

One (1) ten (10) or one (1) five (5) year option to renew the term for all of the space with 12 months prior written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value. Tenant shall have the ROFO during the first 10 years to expand onto the entire adjacent floor or partial floor that becomes available throughout the Lease Term.

One (1) ten (10) or one (1) five (5) year option to renew the term for all of the space with 18 months prior written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value. Tenant shall have the ROFO during the first 10 years to expand onto the entire adjacent floor or partial floor that becomes available throughout the Lease Term.

Renewal Option

Right of First Offer (ROFO)

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M – F, 8:00 am to 8:00 pm

M – F, 8:00 am to 8:00 pm

M – F, 8:00 am to 8:00 pm

▪ Overtime HVAC: Air Conditioning: $328.51/hour, Heat: $282.40/hour, Ventilation: $167.13/hour ▪ Supplemental HVAC: $775 per annum, per connected ton, available 24/7

▪ Overtime HVAC: Air Conditioning: $328.51/hour, Heat: $282.40/hour, Ventilation: $167.13/hour ▪ Supplemental HVAC: $500 per annum, per connected ton, available 24/7

▪ Overtime HVAC: Air Conditioning: $328.51/hour, Heat: $282.40/hour, Ventilation: $167.13/hour ▪ Supplemental HVAC: $750 per annum, per connected ton, available 24/7

HVAC

Submetered plus an administrative fee of 5%.

Submetered plus an administrative fee of 5%.

Submetered plus an administrative fee of 5%.

Electricity

None

None

1 None – 9/8/23 from Durst

Security Deposit