Presentation Title

Negotiation Trail – 151 West 42 nd Street

151 West 42 nd Street (4 Times Square) – 9/8/23 from Durst

151 West 42 nd Street (4 Times Square) – 9/27/23 CW Counter 151 West 42 nd Street (4 Times Square) – 10/4/23 from Durst

Partial 24 th Floor – 18,747 RSF

Partial 24 th Floor – 18,747 RSF

Partial 24 th Floor – 18,747 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:

$93.50 per RSF $100.50 per RSF $107.50 per RSF

Years 1 – 5: Years 6 – 10:

$94.00 per RSF $101.00 per RSF $108.00 per RSF

Years 1 – 5: Years 6 – 10:

$99.00 per RSF $106.00 per RSF $113.00 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 balance of the 24 th floor throughout the Lease Term. Overtime HVAC: M-F: $285.46/hour for the initial floor and $36.33 per hour per each additional floor. Sat. & Sun.: $321.76 per hour for the initial floor and $36.33 per hour per each additional floor. Subject to escalations. ▪ Supplemental HVAC: $775 per annum, per connected ton, available 24/7 ▪ M – F, 8:00 am to 8:00 pm, excluding holidays. ▪

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 balance of the 24 th floor throughout the Lease Term. Overtime HVAC: M-F: $285.46/hour for the initial floor and $36.33 per hour per each additional floor. Sat. & Sun.: $321.76 per hour for the initial floor and $36.33 per hour per each additional floor. Subject to escalations. ▪ Supplemental HVAC: $500 per annum, per connected ton, available 24/7 ▪ M – F, 8:00 am to 8:00 pm, excluding holidays. ▪

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 balance of the 24 th floor throughout the Lease Term. Overtime HVAC: M-F: $285.46/hour for the initial floor and $36.33 per hour per each additional floor. Sat. & Sun.: $321.76 per hour for the initial floor and $36.33 per hour per each additional floor. Subject to escalations. ▪ Supplemental HVAC: $750 per annum, per connected ton, available 24/7 ▪ M – F, 8:00 am to 8:00 pm, excluding holidays. ▪

Renewal Option

Right of First Offer (ROFO)

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

None

Security Deposit