Presentation Title

Negotiation Trail – 452 Fifth Avenue

452 Fifth Avenue – 9/14/23 from JLL

452 Fifth Avenue – 9/27/23 CW Counter

452 Fifth Avenue – 10/5/23 from JLL

Entire 26 th Floor – 16,291 RSF

Entire 26 th Floor – 16,291 RSF

Entire 26 th Floor – 16,291 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:

$123.00 per RSF $132.00 per RSF $141.00 per RSF

Years 1 – 5: Years 6 – 10:

$120.00 per RSF $128.00 per RSF $136.00 per RSF

Years 1 – 5: Years 6 – 10:

$123.00 per RSF $132.00 per RSF $141.00 per RSF

Base Rent

Years 11 – LXD:

Years 11 – LXD:

Years 11 – LXD:

Operating Expenses: Proportionate share in excess of a calendar 2024 base year Real Estate Taxes: Proportionate share in excess of the average of the 2023/2024 and 2024/2025 fiscal base years

Operating Expenses: Proportionate share in excess of a calendar 2025 base year Real Estate Taxes: Proportionate share in excess of the average of the 2024/2025 fiscal base years

Operating Expenses: Proportionate share in excess of a calendar 2025 base year Real Estate Taxes: Proportionate share in excess of the average of the 2024/2025 fiscal base years

Escalations

Tenant Improvement Allowance

$175.00 per RSF

$230.00 per RSF

$200.00 per RSF

One (1) ten (10) or one (1) five (5) year option to renew all space with 18 months written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value.

One (1) ten (10) or one (1) five (5) year option to renew all space with 12 months written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value.

One (1) ten (10) or one (1) five (5) year option to renew all space with 15 months written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value.

Renewal Option

Tenant shall have the ROFO to lease the entire 25 th floor throughout the Lease Term with a Minimum ROFO Term of at least 4 years.

Tenant shall have the ROFO to lease the entire 25 th floor throughout the Lease Term with a Minimum ROFO Term of at least 4 years.

Tenant shall have the ROFO to lease the entire 25 th floor if at the time of the anticipated delivery date of the ROFO space, Tenant will have at least 4 years remaining on the Lease Term.

Right of First Offer (ROFO)

▪ M – F, 8:00 am to 8:00 pm, excluding holidays ▪ Overtime HVAC: $450 per hour in 4-hour increments, subject to annual increases ▪ Supplemental HVAC: $750 per annum, per connected ton ▪

M – F, 8:00 am to 8:00 pm, excluding holidays ▪ Overtime HVAC: $450 per hour in 4-hour increments, subject to annual increases ▪ Supplemental HVAC: $500 per annum, per connected ton ▪

M – F, 8:00 am to 6:00 pm, excluding holidays ▪ Overtime HVAC: $450 per hour in 4-hour increments, subject to annual increases ▪ Supplemental HVAC: $750 per annum, per connected ton

HVAC

Submetered at 105%.

Submetered at 105%.

Submetered at 105%.

Electricity

None

None

None

Security Deposit