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FILED: NEW YORK COUNTY CLERK 04/08/2024 05:10 PM INDEX NO. 651820/2024
NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 04/08/2024
STANDARD FORM OF STORE LEASE
The RealEstate Board of New York, Inc.
Ågreetitent of Kense, madeasofthis 31st dayof May in theyear 2019 . between
1650Corp,
partyofth first part,hereinafterreferredto asOWNER,and
BuddaCorp.
partyof thesecondpart,hereinafterreferredto asTENANT,
itttessetll: Ownerherebyleasesto TenantandTenant
herebyhiresfroln Owner
Theground floor cornerstoreonthe southeastcornerof theintersectionof 193rdStreetand
St. Nicholas
in thebuildingknownas 1630-1656St.NicholasAvenue
in theBoroughof Manhattan , City of New York,for thetermof
Thirteen(13) Years
(or until suchtermshallsoonerceaseandexibircashereinafter
ist dayof June provided)to commence onthe
in theyear 2019 , andto endonthe
3Ist dayof May in theyear 2032 , and
bothdatesinclusive,at theannualrentalrateof
SeeParagraph43
whichTenantagreesto pay in lawful moneyof theUnitedStateswhichshallbelegaltenderin
paymentof all debtsanddues,
publicandprivate,at thetime of payment,in equal
monthlyinstallmentsin advanceon the first day of eachmonthduring
saidterm,attheofficeof Owneror suchotherplaceasOwner withoutany setoffor deductionwhatsoever,
maydesignate,
exceptthatTenantshall pay thefirst One monthlyinstallment(s) ontheexecutionhereof(unlessthis leasebea renewal).
In theeventthat,at the commencement of thetermof this lease,or thereafter,Tenantshallbein defaultin the
paymentof rentto Ownerpursuantto thetermsof anotherleasewith Owneror with Owner'spredecessor
in interest,Owner
mayatOwner'soptionandwithout noticeto Tenantaddtheamountofsuch anearsto anymonthlyinstallmentof rent
payablehereunderandthesameshallbepayableto Ownerasadditionalrent.
Thepartieshereto,for themselves,their heirs,distributes,executors,administrators,
legalrepresentative,successors
andassigns,herebycovenantasfollows:
Rents 1. Tenant
shallpaytherentasabove andashereina8er
provided.
Occapancy: L Tenantshalluseandoccupy thedemisedpremises
for
RestaurantandLounge
andfornootherpurpose.
Tenant
slallatalltimesconduct
itsbusiness
inahighgradeandreputable
shallkeepshowwindowsandsignsinaneatandcleancondition. shallnotviolateArticle37hereofand
manner,
Alterations: 3. Tenant shallmakenochanges in or tothe thelixtures andapputtenances therein, andthesidewalks
demised premises ofanynatum without adjacentthemlo,
pnorwritten consent. Owner's andatitssolecostandexpense, make allnon-structuralrepairstheato as
tothepriorwritten consent ofOwner, and andwhenneeded topreserve themingoodworking orderandcondition,
totheprovisions of this cle,Tenant, atTenant's expense, may make reasonable wearandtear,obsolescence
ahemism,installations, additions or improvements non- anddamage fmmtheelements,
whichare
plumb' fireorothercasual lf thedemised premises beorbecome
sinuawal andwhichdonot affectuti services or and inlested withverms, nantshallatTenant's
electricallines,in or totheinteriorof demised expeme, cause thesame to
premises usmg beexterminated fromtimetotimetothesatishctionof Owner, as
contactors ormechanics firstapproved ineach insumce by Owner. nant specifically provided inArticle9orelsewhere inthislease,
shall,beforemakingany ahersions, itions,matallations or noallouence theres ha1be
improvements, mitsexpense, obtain allperm approvals totheTenant forthediminution of rentalvalueandno
andcertificates liabilityontheputofOwner reason of inconvenience, annoyance or
ired any or quasi-govemmental bodies and injurytobusiness fiom
catesof finalapproval arising
' r, orothers,making orfailing
thereof,andshall wer tomake aherations, addi orimprovements mortoany
of all suchpermits, approvals andcertificates to portion of the erection oroperation ofan crane,
tagrees tocanyandwillcause Tenant's.contractors and including
sub-contractors derrick orsidewalk orinortothedemised premises orthe
toearry, such worber's compensation, commercial general appurgenances or ulpmem thereof. It isspecificall
liability, andproperty dama insurance asOwner thm enant
ifan 'slienisfiledagainst demised mayrequire. shallbenotentit to setofforreduction ofreIt mason ofany
premises, orthebuildi failureofOwner tocom withthecovenants ofthisoranyother article
ofwhichthesame. formsapart,forworkclaimed tohavebeen done of thislease. Tenant agrees thatTenant's
or materials firnished to,Tenam, whether ornotdonepursuant tothis sole at lawinsuch
instance willbe ofanactionfordamages for hofcontract.
sticle,thesame shallbed Tenant within30daysthere ge rticle4withrespect.to themaking of 'rsshall
at nant's expense, by or mgabondaspermittedlaw.Al not inthecase of fireor othercasualty,
fixturesandallpanelmg, tions,railin andlikemstall installed whichare t within
inthedemised inesatanytime,eit r by Tenam A
or byOwner on
Tenant's behal 1,uponinstallation, become the of Owner Window 5. Tenant will notcleannorrequire, permit
andshallremam uponandbesurrendered withthe em 'ses Clemaings sufferor allow windowin thedemised'
unless Owner notice toknantnolaterthantwomy tothe promises to be c fromThecutsidein
delefixedas termination of thisI clectsto rehnq Owner's violationofSection 202oftheNewYorkState Laborlawor other
rightsthereto andtohavethemremoved inwliichevent, the applicable laworoftheRules oftheBoard ofStandants
and
enme-shall beremoved fromthedemised premieer'Dmaspriortothe ofanyamerBoard orbndyhaving .or
expiration ofthelease, orTenant's expense. mthisarticle orapertingjurisdiction.
shallbe
construed to veOwner thleto,orto vent t'sremoval oC trade Requirements 6. Priortothecommencemem of Icase
fixtues, leofficefumiture a equi butuponremoval of if Tenant term,
same fromthedemised of Law,Fire isthenin possession,atalltimes
premises or removalotherinstallations as Insurance. themaites Tenant, at TenanCs solecostand
mayberequired Owner, Tenant II immediateandatitsexpense, shallpmmptly withall
repair andreslere demised premises tothecondonexisting priorto andthturelaws, orders ionsofallstate, ral,munici and
anysuch installations andrepmr anydamage tothedemised premises or localgovemments,. ms,commissions andboards any
thebuild duetosuchremoval. All property permitted orrequired tobe directionof lic ificerpursuant tolawandallorders, rulesand
removed Tenant at theendof thetermremaini .intliedemised regulations of NewYorkBoard ofFireUnderwriters ortheInsurance
promisesrTenant's removal shallbedeemed a oned andmay,at Services Office,or anysimilarbodywhichshallimpose .violati.ons,
theelection of Owner, eitherberetained asOwner's propesty or maybe orderordutyupon Owner orTenant withrespecttothedem preimscs,
remowxi fromthedemised premises byOwner atTenant sexpense. andwithrespect tothe onofthesidewalk tothedemised
pmmises, if thedem premises are011 thestreelevel therornot
Repairst 4. Ownershallmaintain andrepairthepublic arisingoutofTenant's useormanner ofusethemof, or respect.to
the
portionsof the building,bothexteriorand buildmg, if arisi outofTenant's useormanner ofuseofthedemised
interior;except thatif Owner allows%nant toerect ontheoutside ofthe ïgesor the includ theusepermitted underthelease).
bu a signor signs.or a hoist,lift or sidewalk. elevator for the asprovided in le 29 hereinshall ire
f, ,nothing
veuseof Tenant shallmamtain suchexterior installations tomake structural repairs
oralterations unless%nanthas ,its
ingood , II cause. thesame to beoperated inagoodand manner of useof thedemised isesormethod ofoperation
work ac manner, shallmakeall repairs thereto to keep therem,
necessary violatedany suchlaws,or nances, orders,rules,regulations or
same ingoodonierandcondir atTenant's owncostandexpense, and uirements withrespect thereto.
Tenant shallnotdoorpenmt actor
shallenuse thesaine tohe theinsurance provided forhereafter th tobedone inortothedemised any
inArticle 3.Tenant premises whichis tolaw,or
thetermofthelease, take care wh will invalidate orbeinconflictwithpublicliabili , reorother
ofthedemised premises I without limitation,thestem ) and policiesofinsurance atanytimecarried byorforthe rofOwner, or
FILED: NEW YORK COUNTY CLERK 04/08/2024 05:10 PM INDEX NO. 651820/2024
NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 04/08/2024
(,
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whrch shall or might subject O$ner to any lrabrlrty or resporoibllrty lo an) casualty Notwithstandrng anything contatned lo thc contr!.Iy tn
person, or for properq damage. Tenant shsll p8y al I costl expenss, llncs, subdrviiioro (s) thrNgh (e) hersl', rncludtng O\ftI's obllgat()n lo
penallies or damages, rvhich may be imposed upon Orwer by reron of restorc under subpaqmph (b) abo,e. e*h party shall l@k Iat k) an)
Tcnant's falure to comolv rvirh the uovisions of this anrcle If *rc llre insumnce in is favor Eefore making aoy claim a8atnst the ot}cr pany for
insuramc mtc shall, at thCbeginning bf thc lece, or at any time fiereafler. recovery for los or damage rcsulrrng from firc or other c6uult\. an! lo thE
be higher than I otheuise would be , rhen Temnt shall reimbut* Omer, e\hnt that such iroume ts in force and colletible, and lo lhe c{ent
saddilronal rcnt hereundef, fortlatportronof all fire imumrc premiums ftmined bv la\ri O\wr ad Tenmt emh hcrcbl relc&s md \%rves all
thereafttr paid by OMer stich shall have been char8ed becase ofsuch irghr of recbvcry with respecl to subpaagmphi (b), (d) ed (e) rbovc.
failuc by Tenmt, lo comply with the tems of thrs miclc In any oclion aiarNt lhe othei, or my ore clarming througlt or unde. each of them by
or proc€edrng \\,hcrern O\hdr and Tenant ae panres, a $hedule or"make- rviav ofsubroeatton oroihcrurse The relese and ruiver heretn refered to
up" of rate lor the buildrng s the dcmrsed prcmi$s issucd by a bod)' str;ll be dceried to include any lo$ or dilage to the d.mlsd prr: nises
makrng fire rnsurance mtes applicable to sid demisd premixs shall be ild/or to any peeml propeny. equipment. trade fixtum. g@l:, and
conclusive evidcnce oflhe feG rhcrsn stated and oflhe sevcral ilems af,d merchandiseloiawd thet6in. Thi foresorne relese and wai!er shall br in
chilges in t]rc fire insurilce ratc thsn applicablc lo sid d€mised premiss. force only if bolh releers' imumrcipolicrts contain a clause pror iding
that such e relece or wrver shall not invalrdatc thc tnsmme lemt
Sub- 7. [hrs le6e is subject od subordtnate to all acknorvledees that O\mer Nrll not cm rnsumcc on Temis lurlture
ordinrrion: ground or underlying le66 8nd to all mortgags ond/or fuiiishrnqs or mv lirtures oi ecutpmenL rmDrovcmeilB, or
utrch may now or hercaner affect sJch leaes 0r aDounenmes reinovable bv Tenanl and airees lhal O$;rer \ull rot be
rhe real nreFrty of which the demised premrs ile a pa( md to all oLlioted to reoair anv dariracc thererc or-fuplrce the sme (D lenill
renewals, modrficatons, consolidations, replrements md eHensions of hcref,y rmires t}e orwrslom oTSetion 12? of thc Rql Propeny Lilv md
ay such udedyrng le6es ild mortgatses This clause shall b€ selt: agre; that the prdvrsions of thts arttcle shall Eovem ud control ill Ircu
orBtve iud no funher rntumen! of subordination shsll be required by lhereof.
uy ground or undcrlying lcrcr or by uy mongagce. affec(ing my lee
or the ral propcrty of rvhich the demrsed prcmrses are a parl. In Emincnl 10. lf the whole or any pan of the drrri*d
conlimaumof such subsdrnqlion. Tenst shalliiom trme totime €x€cute I)omrin: Dremr*s shall bc acqutrcd or condcmr*'d by
promptly ey certifi@te liat OMer may requcst. Emrnent Domain for any public or qmr publtc
uc or puDos. lhen ud in lhdl cvent, thc tcm ofihis lese shall cqre and
T.rsrt's 8, Owr or its agents shall not bc liable for any tcminitc from the date of trlle v€sting in such prcecdtng and Ttnant
Li.bllity damage !o property of Tcnant or of olheB shall have no clarm for the va]ue of any unexpired lcm of sid lese
Insurance enuuted to €mployces of lhe building, nor lor Temnt shall haye rhe flghl ro make an independent clatm [) the
PrcDcfr Loss. los ol, or damage to, any ptopcrty ofTenanl by condemnrnq authoriN for lhe valuc of TcMnl's moving expcnsis and
Oariraec". thcfl or ol}er wise. nor for my rnjury or dmage, pesonal piopeny, tiade Iixtures and equrpment. provided Terunt rs
ndeniirit v: to persons or propeny resulttng hom uy cause ol enhtled Dursunt to 6e tcms oflhe lease Io remove such proper$, tsudc
I
' wtatscver mlure, unlc$ cffid by ot due to lhe fixtu.o and equrpment at lhe end ofthe tem. and provlded llnhtr such
negligercc of Owr, i6 aBents, srymts or cmployees. Owr or its claim dG not rcdw Owr's awd
agc-nG rvill not bc iiable forony such dmage carisd by other lenmls or
penons in, upon or abou! ed building, or qued by opemtions tn Asiptrmarl. ll. Tenet, for lsell: ils hers, distil)ules.
ionsuucrion oimv orivar. oublic or orcirubhc mrk. Tenmt agees. at
'limfs sole cosiaird Mor"tsrsc.
* executors,admlnistrators,legalrepresnls.lives.
to ma'inuiri commercial gemral'liabilrry Etc.i successors and 6sl8ns €xpressl) covenmLi thal tr
"*peirse,
lnsurance in standard fom in favorof Omer dd Tcml agatnst claims shall no! o$ign, motrgage or ercumbs- sls
for bodily intury or death or properly damage ccuniog tn oI upon rlE agrerment, ntr underlet, or suffer or pcmit tIrc demiscd prcmiscs or any-
demiscd oeml*s. effective frcm the dale Tenmt enteE into posse$ion ol' Dan thereof to be u*d bv otheB, wlthout the pflor Mlf,en conln:nt o,
rhe demrbd oremrs md durine he Em of this leffi. Such iNmncc i)wner rn erch rnsance. Trlnsler of the matqrty oflhe slck ol a co'lDnte
sholl be ir air amout md rvrth-wicrs mceplablc to tlf, OMer Such tenant orthe roioflty interest ln an, panrershlpor othcl le8al cnlity lvhl(h
mLw or rmlicis shall be delivercd lo 6e O\wer 04 ltmnt s dclaull in i! tsnant shall bi decmed an Esrgnmcnt. llthis lw be Nigntd. oI rflhe
bboriring or delivcring any such poliry or policts or failue to pay the dcmisd Dremiscs or mv om t}trcof bc underlet or mupred by orybody
charges thcrefore, Owr may secure or pay tlE chilges for any such oth€r tha; Tcnml, Owiei may, alirr default by Teml, collect rern fiom
mlicl or mlrcres md chme fie lenilt 6 addrtional rent theRforc the osrgnc. under-tenmt or mcupil( and apply lhe net amountcoll(led
tenrir stratl irdemni& md-sve hamlcss Owf,cr agarnst and lrcm 8ll to the rcnt hercrn reserytd. bul no such a$l8nmenl. undelletllng
liabrhnes. oblisations. dmagrs, penaltis, claims, cosE ild expeNes [or mcuoano or collection shall be decmed a waiver ofthe covenmt or lhe
whlch osns ahall not be rcimbumd by insumnce , trcluding rruonable cccc6tst'e of rhe rosimce. und€r{enilt oroccuDmt 6 Enml, or a n:leae
anomeys' fees, paid. sutrecd or ircwed 6 a result of any br@ch by of Tinmt ftom the fuiher perlomme by Tenol of covenanB on ltc pafl
Twnt; Tcnet's agen! conmctors, employees, invitees, or lcenws, of of Tenant here,n containcd. The consnt by Omer Io M Ntgnnnlnt or
my covenant on conditron ofthis lea* or by the orelessness, reghgeru underlettins strall mt in ary rvav be constrcd lo relteve Temnl tiom
or rmproftr conducl of the Tenant, Tenilt's agen6. contraclors. oburning ihe express conicnl in witing of Ormer to my frrther
employccs, irvitce or hcensees. Temt's liabrlity uder this lce exlends csignment or undcrlening
ro the eL5 ild omissroN of any subtenul, and ry agenl, conlrclot
employce. invitce or licmw of uy subtemt h cre my action or Eleclric 12,, Rales and conditlons In respsct lo
orobe6linc is broueht asainst OMer bv re6on ofan such claim, Tenanl. Curr.nt: submetering or rentinclusion,6 the cdn'may
irpon rvirtin mtice-frofr owr, lvill, dt Temnt's exfr:nrc. resist or defend bc- to be added in RIDER attached hereto.'liffit
swh action or prcceding by counsl apgoved by O\hcr rn wrrting, such r: *9 covenets and agees that at 6ll tim* tE .tse of
appro\al not ro be unresonably \uthheld clecurc cuftnt shall not exceed the capaciry of errsting fe€deE o thc
buildlnp or the rsrc or winng iostallation. and Tfnml maY not L-'e an)
Desiru.tion. 9. (a) Ifth€ demrsed premrscs or any patt thereof elccnic"al murpment rvhich. rn6rmer's opinion, recomble dxercisrrl. will
Fir., s\all be dmagcd by tire or other 6ulry, Tcnaht overled smli installauons or rntcrfere rvith thc N lhereof b)' other
,nd oth.r shall srve immediate mtie theteof lo Orwftud rm6 of the buildrns. '[18 chase at mv lrmc of lhe chmcter of dectnc
ceruelsr this lirc shall coniinue in full force and effect servirc shall in no rviy male Oimr ltable or responsrble to Tcnilll for
q@pt u hereimfts et forth (b) If the demiscd uy loss, damages or expenses rvhich Tonmt may sustain.
prcmrss arc pmially dmagcd or rcndered pa(l8lly unwble by fire or
other 6ualty, thc dsmags thereto shall bc reparred by ild at tlrc expensc Acc.ssto 13.OrvrcroroNner'sagentsshallhavttlurrght
ol O\frcr, ard the renr and other items of additroml rcnl" ulil srch repalr Pr.mis.s: (bul shall not be oblrEsrd) lo enler the d'lmiscd
shall b€ subshntially completed. shall be apportioned from the day prcmr*s rn any emergemy at any timc, snd, al
followrng the cGulty rccordinS to he pan ofthe dcmrsed premlscs stich other reuomble times, to exmine th€ ffie ud to mslc such (pairs.
is wble (c) lf rhe dcmisd premiss ue l,otrlly dmsged or rendered replqcements and rmprovcmens as O\ffr may dccm reccwrr and
rvhollv unuuble bv fire tr other 6u8lN. then th€ rent and oihct ilems of rcisonoblv dcsrrable tir anv mrlion of the butldtm or whrch OM,:r rna\
addiililml rent 6 herermfur exprcsly'provtded shall b€ propof,ionotely elect to pirfom, in lhc d6;isd premises, tolloirng Terunt's lutlnc lb
oard uo blhe time ofthe csualtv and lherceforth shatl ceas unlil lhe dale make reiairs or perfm trry wo* whrch Tenant is oblrgated lo perfonn
irhen ihc demiscd prcmises sliall have been repaired ud restorcd by under this lw, or for the Durpo* o[ complying wth las. reSulanons
OMer (or srer reccupred tn part by lhe Tcnilt tlEn rent shall bt ud orlrcr dircctions of govemrental aufiofltrcs Tenant shall [cm[
apmnioned 6 Drovided rn subsction (b)above), subject to Owr's right Omer to use md maintarn and reDla@ oiEs ud conduits in and tlrouqh
td'elect not to rislorc the me u heretnafter prcvided (d) If thc demised rhe demird Drcmises and to crefnerv iiies. ducts, and conduib therein,
premrses ue rendered wholly unusble or (rvhcther or rct the demtsd provi&d rhei ue corcaled wilhin the rvalls, flm or ceiltng. *ltrever
premrscs {€ dmaged in rvhole or rn pan) rf the butlding shall bc so bEctrcable. omer may, dunng the progress of my work rn the d,:Tised
domaeed rhat Ouner shall decide to demolish it or to rcbuild it, then, rn prmises. take all n(6sry materials ed equipment lnlo sld piemlss
mv o'i such cvents. O\\mr may el6t to icmhate lhrs lcffc by witun i.irhour *rc smc comrtuting m evrclron, nor shall the TsaDt bc cntitled
noirce lo l enant grven wlhin 90 days afier srh fire or csulty or t0 days lo ilv abatemeil of rent rvhrle such rvork $ rn progrc$, nor [) any
after adiusmenl of $e insurme claim for such frre ot casualw. whichevBr damaies bv re6on of loss or inkrruptlon of busln(5s or
is smnir. smrfrine a datc forthc cxDimtion of tlr Ieu, rvhich date shall orhenii* Thioushout the itm h€rml O\mer shall havc the nEht to enter
nol be mori thai 60-days afterthc givingofswh notice, and upon fie date the demised pre;i$s at reenable houE for lhe purpo* of shownrg thc
seilied in swh noticc the term of this leoc shall expire rs fully ud me to orqo*t'vc Durchse6 or morlgagffi of the building. md dwing
cbmoletely re if swh datevere $edarc set forth abovc forthe t€minalion th€ ldt iix rilonths of the lem for lhe purpo* of shorvng the same to
of thrs lere md Tcnill shail fonhwrlh quil, surender sd vMtc lhc Drospective temnts, md may, during said six months penod, plrcc upon
demised prmi*s rvithout preiudrce horwvef, lo O\wer's rights and ihc demised wemis Utc risual nouce "to Lef' and "For Sale', rhich
remedrcs agains Tcnut undir t)rc leu Drovisons rrt effet prioi lo such norics Tenant shall rcmit lo remain thereon withoul molcsbllon. lf
temrretionl ud any rcnt owing shall be paid up lo such datu ud an1 TcEnt is rct pfescni to opcn and pemit il cnlry into the dcmlsed
Davmen6 of rent made by Tcnilt which wlc on ac@um ol any pe(od Dremis6 Owr or Olwr's asenb mav enler the smc whenevo sKh
iuhseount to such dare slall be rerumed to Temt. Unless Otmer shall lnm mav be necew or mmissible. bv mdtet key or lorciblv. and
scrye i temrnuion notice s Drovided for hercin, OMcr shall make the proirdediumablc care is eiercixd to mfegwd Tenut s property, swh
reDairs ud rcsromtroN under the cooditions of (b) ild (c) her@I, with all ;ntry shall not render omeI or rls agenls liable therelbrc, nor rn ut event
reisomble exD€dilion subiec! to delavs due lo adtusment of iNumnce shali the obllsasons ofTenst hereunder be affected. Ifdurlng llt IN
clarms. lahor *oubls and 6aws beyoird orvner's cbnrol. Afler ily such mon$ of lhe-Iem T€mt shall have removed sll or subfftialb' 0ll ol
csEltv, lenmt shall c@rEle rvith Owrt restoratim by rcmoving Tenant's DroErN therefrom. Ouer may immcdialaly entet all€r.
ftom ilrc omrs c ominotlv s resomblv possible. all oi lenut's renovalc br rcdicomte the dtmrsed prerirrses wtrhod limilali'h or
slvpable inventory
'and mbrable eou,oment. limiture , Md olher abatcment of rcnq or incuring liabillty io Tenant for any comper'!8tion,
orooe"rtv.
'l-emt's lia6iliw- for rent shall dsilmc livc (5) days afler wltren md such act shall have no eDbct on thrs leu or Tenant's obli.ialions
irotice ftonr Ormo that the demrsed premirs re subsmtiaily ready for heremder O\her shall have the risht at mY time. without th0 mc
Tenant's mcuffiv. (e) Nothine containtd heeinabove shall relicve corutituung m eviction and without ricumng liabrlity to Tmnttheleforc,
Tenanl fmm lidbility rh;imay errii r a reult oIdamagc frcm fire or othcr to chanse thc arancemenl and/or location ot Dubllc enlrlncEs,
pmgetihys. dmm. do6r\Eys. comdo6, elevatos. stairs, loilels, c{ o$et
FILED: NEW YORK COUNTY CLERK 04/08/2024 05:10 PM INDEX NO. 651820/2024
NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 04/08/2024
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publo parts of the building, ud to change the nme, number or Remcdi.s of 18. ln case of an1 such ocfault, re-entry.
desitlralion by which the building may be know O*nrrrnd exprra(ion and/or dispossess oy summary
Wsiurrof proceedings or oiheruise, (a) lhc rent. and
Vrult. 14. No raulu, vault space or ae4 rvhcther or not Rcdrmnlion:
'
aJditrondl renl shrll become due rhercupon md
Vrult Soacr. enclosed or covered, mt \\ lthrn the propeny lin€ bc pard up lo thc trme of sJch re-cntry,
Arcr, of the burlding rs leud trrcunder, anything drsposses and/or exprrdtion, (b) OMer may rc-let lhe demlscd prcmiscs
conhrned rn or rndrcaled on any skerch, blue prinl or any pan or parls thcrcof, cilher rn thc name of Owncr or otheNise,
or pim, or anythrng contarncd clseNherc in this lc6c to the contruy for a tem or terms. rvhich tnar al Omer's ootion be less than or exceed
nohriLhstardrng. Omer makes no repesntatron 6lo thc lcatron ol trc lhe perrod whrch would otheiwrse have coisliluted rhe balancc of rhe
prop.rny lire ofttrc building. All vauls md vault spacc and all such are6 term ol lhrs leoe, and muy grant concessiom or liee rent,)r chilge a
not within thc property line ol the building rvhich Tenmt may be hrgher rental than that in this lece, andior (c) Tenanr or the legal
pemined ro ue md/or mcupy, is to be u$d and/or @cuprcd under a representatives of Ienant shall also pay OMer, as IrqulditeJ ddmagcs.
revqlble lrcense, and ifmy such hcensc be revoked, or ifthe mount ol' for the failure ol Tenant to obseruc and perlbrm gid Tcnant's covcnants
such tpace or il€ be drminished or requircd by any Iederal, stalc or herern conlained. any dellclencv bclween thE rent hereb\ reseryed
mur(xpal authority or publlc utiliry, Omer shall nor be subject to any and/or covenanted to be pard and thc ne( amount, il any, (jflhe rcnls
Irabiliry, nor shall Tcnm[ be cntrtlcd to ily compeNtioo or diminutron or collected on account of thc subsequcnt leoe or lecs ol thu demrscd
abat(rncnt ofrent, mr shall swh revtralron, dlminullon or reqursfion be premixs rbr uch month of the pcriod rvhich rvould othenvise have
demd cons[uctive or actual eviction. Any tax, fee or charge of constituted the balarce ofthe term olthis le6e. The larlure ofOwner to
mur(ipal authontis tbr such vault ara shqll be paid by ]'emt re-let the demrsed premr*s or any pan or pare thereoi shall rct relese
or affec( lenmt s liabrlity for damages. ln computing such liquidaled
OccuDrncv: 15. Tenant will mt at my time ffi or ecupy the damages therc shall be added to the Mid dcficrcncy such erpenses u
demrsed premi*s rn violation of Anrcles ? or 37 o\wq may rncur rn connectlon wrth re-lening. such 6 Iegsl expenses,
hereoj. or ofthe cenrlicare ot occupahcy rssucd for thc burldrng ofrvhrch reoonable anorney's fes, brokcrage, adrertrsrng md for keeping Ihe
tie il:mi*d prcmrses are a pan. leMnt ha rnspecled the demr*d demised premises in good order, w lor prepaflng lhe same lbr rs-letting.
prcmis and rcepo them c.rs", subject to the rrdero anrcxed hereto Any such lrqurdatr'd dmagw shall be paid rn monthly insullmens by
\sth rcspect to OMer's work, il' my. ln any event, Omer makes no Tenant on the rcnt d6y specrfied rn this lecc. Olmer. rn putring the
rcprclenhtion ro lo the condton of the demised premi*s. and Tenant demised prrmises in good order or preparing the sme for rerenbl ma)',
aplrer:; ro acept rhe sme subj(ct to vrolatioN. whcihe r or not oirccord at Ower's option. makc such altcrations, rcpairs, replacemcnts, and/or
dcco.arions in lhe demised premises 6 O$ncr, in Omer's sole
Binl{ruotcv: 16. {a) Aoythrtrg elsrvhere in this leasr to rlt' Judgmenl c06iders adr isable and necessry rcr the purpose ofre-lelting
contrary nolwilhEtandrng, lhrs le6e may be ihe demrsed prcmiss, and the rnaking of such sltcrations, reparrs.
caro,:.led hy Lmdlord by rhe sending of a minen noucc lo Tdnilr wilhin reolacsments. and,'or decoralions shall not oDeraE or be consrued to
a reasmable time a&er tht happening ofmy om or more ofthe following relem Tenant liom liabrlN OMer shall rn ilo event be lrable. rn anv
evenhi. (l) lhe commencement ofa cM in bankrupEy or under 6e laws way whaEoevcr, ,br lbilur; to re-ler the demrsd premisc>, or in rh-e
of il!' state mmmg Temt (or a guentor of ily
of TeMfs obligations evenl that the demrsed premrss de re-lel, for fallure to collccl the rcnr
mder this lmc) o the dcbtori or (2) the mak,ng by T.nill (or a gua@tor lhcreo, under such ,E-lertrng. and rn no event shall Tenant be cnutled to
of u,1, o1'Ln"rt'r ob,igations under rhrs le6e) of m assigment or any recerve an! excesi, il'any, uf such net rent .ollecled ovcr thc sums
olhcr deBcmenl for the benefiI of creditoG under any state slalute. payable by Tenant ro Ower hereund€r. ln thc event ofa trreach or
Nerdur Tewt rcr any pcrson claiming lhrough or under Te@L or by ihrearcned brcth by lemnr of any of the covenants or provisions
reoclr ofov statute or order ofcoun. shall ther@[er be entrtled o hcreof, Ormcr shall huvc thc righl ol injunction and the flghl lo rnvoke
pos:rsron ofthe premiss demised but shall fodhNilh quil and sutrcndcr an1 rcmedy allowed at law or rn equiry as if re-enry. smmary
the demis.d Dremiscs. If thrs leffi shall be 6slmed In accordme wril1 rs prmeedrngs md other remedres Nere not herein provrded li,r Mcnlron
term:r. thc prdvisions of thrs Ailicle l6 shall bd EpplcablE only to frc pffiy rn thrs lc6c o[ily parlicular remedy, shall nol prccludc OMe r Iiom any
lhen c'uing Tenant's inter€st in thrs le$ olher remedy, in luw or rn equity. Ienant hereby exprcssiy 'mivts any
(b) It rs strpulared and agreed that rn the event of ond all righ6 of redemptron ganted by or under any preseot or liture
rhe kxmrnation of lhis lee pursuol b (a) hereof, Omer shall fonhwith, laws.
noNirEEnding uy othe. provisrms of thrs lee to rhe conqary. br
enltled to reovcr fiom lbnut,6 ild for liquidated dmages, il amant ltes rnd 19. lf'ltnant shall dcfault in the obs€ftilce or
qua to th€ differercc behwcn (hc rent re*rucd hereundcr lbr the Expenses:
- performance oi any lem or covenanl on
urexpired portion ol the rcm demrscd and the fair od remble renul Tenant s part to be obxwed or perfomed
valur of the demisd oremises tbr dre me mriod. ln rhe comouution of under, or b1 vrrtue of. My of the lems or provisions rn any article of lhis
swh c.umage thc dilltrencc beh\en My iNtallment ot ftnt bccomints due leue, afler nonc( if rcquircd, and upon expiration of my applicable
hercunder aflcr the dar of Emimtion md the farr ild reNmble rcntal grace period rl any, (cNccpt rn an emergemy). then, unless otheMise
valu ofthe demr*d premis for the penod for rvhich srch iroullment rru provided elsewherc rn lhrs lease, Owrer may immedralely, or rt any time
payarle shall bc dirounted o the date of Leminslion al thc ratc of fou theresller, and qrlhoul notice, pcrform the oblrgation of Tenmt
percelt (40lo) per onum. lf the demised prcmi*s, or my pm thereof, be rhercunder. and ifOmer. in connection therewith or in connection sith
reJet']} thc O1ffr tbr thc uhcxpfed tem of $d lese, orily part thereol any default by Tenunt rn the covenmt to pay rent hercunder, makes any
betbre presenbtion ol'pml'of srch lrqurdated dmages to any c@rl expendirurcs or lrcurs any obligations for the payment of money.
comtnission q uibual, the mount of rent rcserued upon such re-leiting rncludinq but not limited to rea$nable atomv's fees. in inslilutrne.
sholl tE dcemed b be fie fair ild reasnablE rcnul value Ibr the pm or the prmecuimg or defendrng any ochons or prmeding. and prcvarls in an-y
whole of the demisd premi*s m re-let dwing tlE Em ol'the relening. sxh actron or prmeding, such sums io pad or oblrgations incured
No$rrrg herern conlaired shall limtr or $ejudrce the right of thc OMer to wrlh interesr Md cosb shall b€ deemed to be addnronal renr hrreunder
provc for and obuin u liquidated damges, by rruon of such temimuon, and shall be paid by Tcnut to Owncr within tcn ( l0) days of rcndition
an trnout eqBI to thc murmum allowed by ily statub or rule of law in of my bill or su,tement to Tcnilt lherulbrc, and il Tenant's le6e tem
effecr at the time when, and goveming the preedings rn rvhrch srch shall have expirerl at rhe time ol'mahng of such expeldirurcs or
dmrges ue to be proved. whether or nor sEh amount be greats, equ6l b, incuning ofsuch obligations, such sums shall be recovembk: by Ornet
or les thil the mounl of $e dr0erencc refeGd to above. N damaBes
Ihfrdt: l?. ( l) If Tenut defauls rn tullilling uyof ttrc No R.prc- 20. Nsther Orvner nor Ormer's agcnt havc
covenmts of this leme other ftm tle covenms scntitions mude ut represenations or ptornises wilh
fd 0E p.ymqrt of E* bv' Owocr: respcct to tlt physrcal condirion ollhe burldrng,
hrcoma the l0nd upon rhrch tr rs erected or thE demrsed
agai16l prcmiss, the rents, leases, expenses ofoperation, or any othcr mdter or
thrng afl'ecting or related to the demrsd premrses, excepr as herein
mder Scciion ios or titte ll of rhe us. code expressly sct for6. und no nghts. esements or licenss are acqured by
or ifTendl shall havc failcd, aflrr live(5)days \winen Tenmt by implicrtion or othen\ise, excepl as erpressly ser lonh in the
notrce, io iedepoit with Orwer ily po{tron of r}re rcurit! deposir provisiom of this lese. 'lenilt hu iropected the buildrng md the
Preview
FILED: NEW YORK COUNTY CLERK 04/08/2024 05:10 PM INDEX NO. 651820/2024 NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 04/08/2024 STANDARD FORM OF STORE LEASE The RealEstate Board of New York, Inc. Ågreetitent of Kense, madeasofthis 31st dayof May in theyear 2019 . between 1650Corp, partyofth first part,hereinafterreferredto asOWNER,and BuddaCorp. partyof thesecondpart,hereinafterreferredto asTENANT, itttessetll: Ownerherebyleasesto TenantandTenant herebyhiresfroln Owner Theground floor cornerstoreonthe southeastcornerof theintersectionof 193rdStreetand St. Nicholas in thebuildingknownas 1630-1656St.NicholasAvenue in theBoroughof Manhattan , City of New York,for thetermof Thirteen(13) Years (or until suchtermshallsoonerceaseandexibircashereinafter ist dayof June provided)to commence onthe in theyear 2019 , andto endonthe 3Ist dayof May in theyear 2032 , and bothdatesinclusive,at theannualrentalrateof SeeParagraph43 whichTenantagreesto pay in lawful moneyof theUnitedStateswhichshallbelegaltenderin paymentof all debtsanddues, publicandprivate,at thetime of payment,in equal monthlyinstallmentsin advanceon the first day of eachmonthduring saidterm,attheofficeof Owneror suchotherplaceasOwner withoutany setoffor deductionwhatsoever, maydesignate, exceptthatTenantshall pay thefirst One monthlyinstallment(s) ontheexecutionhereof(unlessthis leasebea renewal). In theeventthat,at the commencement of thetermof this lease,or thereafter,Tenantshallbein defaultin the paymentof rentto Ownerpursuantto thetermsof anotherleasewith Owneror with Owner'spredecessor in interest,Owner mayatOwner'soptionandwithout noticeto Tenantaddtheamountofsuch anearsto anymonthlyinstallmentof rent payablehereunderandthesameshallbepayableto Ownerasadditionalrent. Thepartieshereto,for themselves,their heirs,distributes,executors,administrators, legalrepresentative,successors andassigns,herebycovenantasfollows: Rents 1. Tenant shallpaytherentasabove andashereina8er provided. Occapancy: L Tenantshalluseandoccupy thedemisedpremises for RestaurantandLounge andfornootherpurpose. Tenant slallatalltimesconduct itsbusiness inahighgradeandreputable shallkeepshowwindowsandsignsinaneatandcleancondition. shallnotviolateArticle37hereofand manner, Alterations: 3. Tenant shallmakenochanges in or tothe thelixtures andapputtenances therein, andthesidewalks demised premises ofanynatum without adjacentthemlo, pnorwritten consent. Owner's andatitssolecostandexpense, make allnon-structuralrepairstheato as tothepriorwritten consent ofOwner, and andwhenneeded topreserve themingoodworking orderandcondition, totheprovisions of this cle,Tenant, atTenant's expense, may make reasonable wearandtear,obsolescence ahemism,installations, additions or improvements non- anddamage fmmtheelements, whichare plumb' fireorothercasual lf thedemised premises beorbecome sinuawal andwhichdonot affectuti services or and inlested withverms, nantshallatTenant's electricallines,in or totheinteriorof demised expeme, cause thesame to premises usmg beexterminated fromtimetotimetothesatishctionof Owner, as contactors ormechanics firstapproved ineach insumce by Owner. nant specifically provided inArticle9orelsewhere inthislease, shall,beforemakingany ahersions, itions,matallations or noallouence theres ha1be improvements, mitsexpense, obtain allperm approvals totheTenant forthediminution of rentalvalueandno andcertificates liabilityontheputofOwner reason of inconvenience, annoyance or ired any or quasi-govemmental bodies and injurytobusiness fiom catesof finalapproval arising ' r, orothers,making orfailing thereof,andshall wer tomake aherations, addi orimprovements mortoany of all suchpermits, approvals andcertificates to portion of the erection oroperation ofan crane, tagrees tocanyandwillcause Tenant's.contractors and including sub-contractors derrick orsidewalk orinortothedemised premises orthe toearry, such worber's compensation, commercial general appurgenances or ulpmem thereof. It isspecificall liability, andproperty dama insurance asOwner thm enant ifan 'slienisfiledagainst demised mayrequire. shallbenotentit to setofforreduction ofreIt mason ofany premises, orthebuildi failureofOwner tocom withthecovenants ofthisoranyother article ofwhichthesame. formsapart,forworkclaimed tohavebeen done of thislease. Tenant agrees thatTenant's or materials firnished to,Tenam, whether ornotdonepursuant tothis sole at lawinsuch instance willbe ofanactionfordamages for hofcontract. sticle,thesame shallbed Tenant within30daysthere ge rticle4withrespect.to themaking of 'rsshall at nant's expense, by or mgabondaspermittedlaw.Al not inthecase of fireor othercasualty, fixturesandallpanelmg, tions,railin andlikemstall installed whichare t within inthedemised inesatanytime,eit r by Tenam A or byOwner on Tenant's behal 1,uponinstallation, become the of Owner Window 5. Tenant will notcleannorrequire, permit andshallremam uponandbesurrendered withthe em 'ses Clemaings sufferor allow windowin thedemised' unless Owner notice toknantnolaterthantwomy tothe promises to be c fromThecutsidein delefixedas termination of thisI clectsto rehnq Owner's violationofSection 202oftheNewYorkState Laborlawor other rightsthereto andtohavethemremoved inwliichevent, the applicable laworoftheRules oftheBoard ofStandants and enme-shall beremoved fromthedemised premieer'Dmaspriortothe ofanyamerBoard orbndyhaving .or expiration ofthelease, orTenant's expense. mthisarticle orapertingjurisdiction. shallbe construed to veOwner thleto,orto vent t'sremoval oC trade Requirements 6. Priortothecommencemem of Icase fixtues, leofficefumiture a equi butuponremoval of if Tenant term, same fromthedemised of Law,Fire isthenin possession,atalltimes premises or removalotherinstallations as Insurance. themaites Tenant, at TenanCs solecostand mayberequired Owner, Tenant II immediateandatitsexpense, shallpmmptly withall repair andreslere demised premises tothecondonexisting priorto andthturelaws, orders ionsofallstate, ral,munici and anysuch installations andrepmr anydamage tothedemised premises or localgovemments,. ms,commissions andboards any thebuild duetosuchremoval. All property permitted orrequired tobe directionof lic ificerpursuant tolawandallorders, rulesand removed Tenant at theendof thetermremaini .intliedemised regulations of NewYorkBoard ofFireUnderwriters ortheInsurance promisesrTenant's removal shallbedeemed a oned andmay,at Services Office,or anysimilarbodywhichshallimpose .violati.ons, theelection of Owner, eitherberetained asOwner's propesty or maybe orderordutyupon Owner orTenant withrespecttothedem preimscs, remowxi fromthedemised premises byOwner atTenant sexpense. andwithrespect tothe onofthesidewalk tothedemised pmmises, if thedem premises are011 thestreelevel therornot Repairst 4. Ownershallmaintain andrepairthepublic arisingoutofTenant's useormanner ofusethemof, or respect.to the portionsof the building,bothexteriorand buildmg, if arisi outofTenant's useormanner ofuseofthedemised interior;except thatif Owner allows%nant toerect ontheoutside ofthe ïgesor the includ theusepermitted underthelease). bu a signor signs.or a hoist,lift or sidewalk. elevator for the asprovided in le 29 hereinshall ire f, ,nothing veuseof Tenant shallmamtain suchexterior installations tomake structural repairs oralterations unless%nanthas ,its ingood , II cause. thesame to beoperated inagoodand manner of useof thedemised isesormethod ofoperation work ac manner, shallmakeall repairs thereto to keep therem, necessary violatedany suchlaws,or nances, orders,rules,regulations or same ingoodonierandcondir atTenant's owncostandexpense, and uirements withrespect thereto. Tenant shallnotdoorpenmt actor shallenuse thesaine tohe theinsurance provided forhereafter th tobedone inortothedemised any inArticle 3.Tenant premises whichis tolaw,or thetermofthelease, take care wh will invalidate orbeinconflictwithpublicliabili , reorother ofthedemised premises I without limitation,thestem ) and policiesofinsurance atanytimecarried byorforthe rofOwner, or FILED: NEW YORK COUNTY CLERK 04/08/2024 05:10 PM INDEX NO. 651820/2024 NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 04/08/2024 (, 6 whrch shall or might subject O$ner to any lrabrlrty or resporoibllrty lo an) casualty Notwithstandrng anything contatned lo thc contr!.Iy tn person, or for properq damage. Tenant shsll p8y al I costl expenss, llncs, subdrviiioro (s) thrNgh (e) hersl', rncludtng O\ftI's obllgat()n lo penallies or damages, rvhich may be imposed upon Orwer by reron of restorc under subpaqmph (b) abo,e. e*h party shall l@k Iat k) an) Tcnant's falure to comolv rvirh the uovisions of this anrcle If *rc llre insumnce in is favor Eefore making aoy claim a8atnst the ot}cr pany for insuramc mtc shall, at thCbeginning bf thc lece, or at any time fiereafler. recovery for los or damage rcsulrrng from firc or other c6uult\. an! lo thE be higher than I otheuise would be , rhen Temnt shall reimbut* Omer, e\hnt that such iroume ts in force and colletible, and lo lhe c{ent saddilronal rcnt hereundef, fortlatportronof all fire imumrc premiums ftmined bv la\ri O\wr ad Tenmt emh hcrcbl relc&s md \%rves all thereafttr paid by OMer stich shall have been char8ed becase ofsuch irghr of recbvcry with respecl to subpaagmphi (b), (d) ed (e) rbovc. failuc by Tenmt, lo comply with the tems of thrs miclc In any oclion aiarNt lhe othei, or my ore clarming througlt or unde. each of them by or proc€edrng \\,hcrern O\hdr and Tenant ae panres, a $hedule or"make- rviav ofsubroeatton oroihcrurse The relese and ruiver heretn refered to up" of rate lor the buildrng s the dcmrsed prcmi$s issucd by a bod)' str;ll be dceried to include any lo$ or dilage to the d.mlsd prr: nises makrng fire rnsurance mtes applicable to sid demisd premixs shall be ild/or to any peeml propeny. equipment. trade fixtum. g@l:, and conclusive evidcnce oflhe feG rhcrsn stated and oflhe sevcral ilems af,d merchandiseloiawd thet6in. Thi foresorne relese and wai!er shall br in chilges in t]rc fire insurilce ratc thsn applicablc lo sid d€mised premiss. force only if bolh releers' imumrcipolicrts contain a clause pror iding that such e relece or wrver shall not invalrdatc thc tnsmme lemt Sub- 7. [hrs le6e is subject od subordtnate to all acknorvledees that O\mer Nrll not cm rnsumcc on Temis lurlture ordinrrion: ground or underlying le66 8nd to all mortgags ond/or fuiiishrnqs or mv lirtures oi ecutpmenL rmDrovcmeilB, or utrch may now or hercaner affect sJch leaes 0r aDounenmes reinovable bv Tenanl and airees lhal O$;rer \ull rot be rhe real nreFrty of which the demised premrs ile a pa( md to all oLlioted to reoair anv dariracc thererc or-fuplrce the sme (D lenill renewals, modrficatons, consolidations, replrements md eHensions of hcref,y rmires t}e orwrslom oTSetion 12? of thc Rql Propeny Lilv md ay such udedyrng le6es ild mortgatses This clause shall b€ selt: agre; that the prdvrsions of thts arttcle shall Eovem ud control ill Ircu orBtve iud no funher rntumen! of subordination shsll be required by lhereof. uy ground or undcrlying lcrcr or by uy mongagce. affec(ing my lee or the ral propcrty of rvhich the demrsed prcmrses are a parl. In Emincnl 10. lf the whole or any pan of the drrri*d conlimaumof such subsdrnqlion. Tenst shalliiom trme totime €x€cute I)omrin: Dremr*s shall bc acqutrcd or condcmr*'d by promptly ey certifi@te liat OMer may requcst. Emrnent Domain for any public or qmr publtc uc or puDos. lhen ud in lhdl cvent, thc tcm ofihis lese shall cqre and T.rsrt's 8, Owr or its agents shall not bc liable for any tcminitc from the date of trlle v€sting in such prcecdtng and Ttnant Li.bllity damage !o property of Tcnant or of olheB shall have no clarm for the va]ue of any unexpired lcm of sid lese Insurance enuuted to €mployces of lhe building, nor lor Temnt shall haye rhe flghl ro make an independent clatm [) the PrcDcfr Loss. los ol, or damage to, any ptopcrty ofTenanl by condemnrnq authoriN for lhe valuc of TcMnl's moving expcnsis and Oariraec". thcfl or ol}er wise. nor for my rnjury or dmage, pesonal piopeny, tiade Iixtures and equrpment. provided Terunt rs ndeniirit v: to persons or propeny resulttng hom uy cause ol enhtled Dursunt to 6e tcms oflhe lease Io remove such proper$, tsudc I ' wtatscver mlure, unlc$ cffid by ot due to lhe fixtu.o and equrpment at lhe end ofthe tem. and provlded llnhtr such negligercc of Owr, i6 aBents, srymts or cmployees. Owr or its claim dG not rcdw Owr's awd agc-nG rvill not bc iiable forony such dmage carisd by other lenmls or penons in, upon or abou! ed building, or qued by opemtions tn Asiptrmarl. ll. Tenet, for lsell: ils hers, distil)ules. ionsuucrion oimv orivar. oublic or orcirubhc mrk. Tenmt agees. at 'limfs sole cosiaird Mor"tsrsc. * executors,admlnistrators,legalrepresnls.lives. to ma'inuiri commercial gemral'liabilrry Etc.i successors and 6sl8ns €xpressl) covenmLi thal tr "*peirse, lnsurance in standard fom in favorof Omer dd Tcml agatnst claims shall no! o$ign, motrgage or ercumbs- sls for bodily intury or death or properly damage ccuniog tn oI upon rlE agrerment, ntr underlet, or suffer or pcmit tIrc demiscd prcmiscs or any- demiscd oeml*s. effective frcm the dale Tenmt enteE into posse$ion ol' Dan thereof to be u*d bv otheB, wlthout the pflor Mlf,en conln:nt o, rhe demrbd oremrs md durine he Em of this leffi. Such iNmncc i)wner rn erch rnsance. Trlnsler of the matqrty oflhe slck ol a co'lDnte sholl be ir air amout md rvrth-wicrs mceplablc to tlf, OMer Such tenant orthe roioflty interest ln an, panrershlpor othcl le8al cnlity lvhl(h mLw or rmlicis shall be delivercd lo 6e O\wer 04 ltmnt s dclaull in i! tsnant shall bi decmed an Esrgnmcnt. llthis lw be Nigntd. oI rflhe bboriring or delivcring any such poliry or policts or failue to pay the dcmisd Dremiscs or mv om t}trcof bc underlet or mupred by orybody charges thcrefore, Owr may secure or pay tlE chilges for any such oth€r tha; Tcnml, Owiei may, alirr default by Teml, collect rern fiom mlicl or mlrcres md chme fie lenilt 6 addrtional rent theRforc the osrgnc. under-tenmt or mcupil( and apply lhe net amountcoll(led tenrir stratl irdemni& md-sve hamlcss Owf,cr agarnst and lrcm 8ll to the rcnt hercrn reserytd. bul no such a$l8nmenl. undelletllng liabrhnes. oblisations. dmagrs, penaltis, claims, cosE ild expeNes [or mcuoano or collection shall be decmed a waiver ofthe covenmt or lhe whlch osns ahall not be rcimbumd by insumnce , trcluding rruonable cccc6tst'e of rhe rosimce. und€r{enilt oroccuDmt 6 Enml, or a n:leae anomeys' fees, paid. sutrecd or ircwed 6 a result of any br@ch by of Tinmt ftom the fuiher perlomme by Tenol of covenanB on ltc pafl Twnt; Tcnet's agen! conmctors, employees, invitees, or lcenws, of of Tenant here,n containcd. The consnt by Omer Io M Ntgnnnlnt or my covenant on conditron ofthis lea* or by the orelessness, reghgeru underlettins strall mt in ary rvav be constrcd lo relteve Temnl tiom or rmproftr conducl of the Tenant, Tenilt's agen6. contraclors. oburning ihe express conicnl in witing of Ormer to my frrther employccs, irvitce or hcensees. Temt's liabrlity uder this lce exlends csignment or undcrlening ro the eL5 ild omissroN of any subtenul, and ry agenl, conlrclot employce. invitce or licmw of uy subtemt h cre my action or Eleclric 12,, Rales and conditlons In respsct lo orobe6linc is broueht asainst OMer bv re6on ofan such claim, Tenanl. Curr.nt: submetering or rentinclusion,6 the cdn'may irpon rvirtin mtice-frofr owr, lvill, dt Temnt's exfr:nrc. resist or defend bc- to be added in RIDER attached hereto.'liffit swh action or prcceding by counsl apgoved by O\hcr rn wrrting, such r: *9 covenets and agees that at 6ll tim* tE .tse of appro\al not ro be unresonably \uthheld clecurc cuftnt shall not exceed the capaciry of errsting fe€deE o thc buildlnp or the rsrc or winng iostallation. and Tfnml maY not L-'e an) Desiru.tion. 9. (a) Ifth€ demrsed premrscs or any patt thereof elccnic"al murpment rvhich. rn6rmer's opinion, recomble dxercisrrl. will Fir., s\all be dmagcd by tire or other 6ulry, Tcnaht overled smli installauons or rntcrfere rvith thc N lhereof b)' other ,nd oth.r shall srve immediate mtie theteof lo Orwftud rm6 of the buildrns. '[18 chase at mv lrmc of lhe chmcter of dectnc ceruelsr this lirc shall coniinue in full force and effect servirc shall in no rviy male Oimr ltable or responsrble to Tcnilll for q@pt u hereimfts et forth (b) If the demiscd uy loss, damages or expenses rvhich Tonmt may sustain. prcmrss arc pmially dmagcd or rcndered pa(l8lly unwble by fire or other 6ualty, thc dsmags thereto shall bc reparred by ild at tlrc expensc Acc.ssto 13.OrvrcroroNner'sagentsshallhavttlurrght ol O\frcr, ard the renr and other items of additroml rcnl" ulil srch repalr Pr.mis.s: (bul shall not be oblrEsrd) lo enler the d'lmiscd shall b€ subshntially completed. shall be apportioned from the day prcmr*s rn any emergemy at any timc, snd, al followrng the cGulty rccordinS to he pan ofthe dcmrsed premlscs stich other reuomble times, to exmine th€ ffie ud to mslc such (pairs. is wble (c) lf rhe dcmisd premiss ue l,otrlly dmsged or rendered replqcements and rmprovcmens as O\ffr may dccm reccwrr and rvhollv unuuble bv fire tr other 6u8lN. then th€ rent and oihct ilems of rcisonoblv dcsrrable tir anv mrlion of the butldtm or whrch OM,:r rna\ addiililml rent 6 herermfur exprcsly'provtded shall b€ propof,ionotely elect to pirfom, in lhc d6;isd premises, tolloirng Terunt's lutlnc lb oard uo blhe time ofthe csualtv and lherceforth shatl ceas unlil lhe dale make reiairs or perfm trry wo* whrch Tenant is oblrgated lo perfonn irhen ihc demiscd prcmises sliall have been repaired ud restorcd by under this lw, or for the Durpo* o[ complying wth las. reSulanons OMer (or srer reccupred tn part by lhe Tcnilt tlEn rent shall bt ud orlrcr dircctions of govemrental aufiofltrcs Tenant shall [cm[ apmnioned 6 Drovided rn subsction (b)above), subject to Owr's right Omer to use md maintarn and reDla@ oiEs ud conduits in and tlrouqh td'elect not to rislorc the me u heretnafter prcvided (d) If thc demised rhe demird Drcmises and to crefnerv iiies. ducts, and conduib therein, premrses ue rendered wholly unusble or (rvhcther or rct the demtsd provi&d rhei ue corcaled wilhin the rvalls, flm or ceiltng. *ltrever premrscs {€ dmaged in rvhole or rn pan) rf the butlding shall bc so bEctrcable. omer may, dunng the progress of my work rn the d,:Tised domaeed rhat Ouner shall decide to demolish it or to rcbuild it, then, rn prmises. take all n(6sry materials ed equipment lnlo sld piemlss mv o'i such cvents. O\\mr may el6t to icmhate lhrs lcffc by witun i.irhour *rc smc comrtuting m evrclron, nor shall the TsaDt bc cntitled noirce lo l enant grven wlhin 90 days afier srh fire or csulty or t0 days lo ilv abatemeil of rent rvhrle such rvork $ rn progrc$, nor [) any after adiusmenl of $e insurme claim for such frre ot casualw. whichevBr damaies bv re6on of loss or inkrruptlon of busln(5s or is smnir. smrfrine a datc forthc cxDimtion of tlr Ieu, rvhich date shall orhenii* Thioushout the itm h€rml O\mer shall havc the nEht to enter nol be mori thai 60-days afterthc givingofswh notice, and upon fie date the demised pre;i$s at reenable houE for lhe purpo* of shownrg thc seilied in swh noticc the term of this leoc shall expire rs fully ud me to orqo*t'vc Durchse6 or morlgagffi of the building. md dwing cbmoletely re if swh datevere $edarc set forth abovc forthe t€minalion th€ ldt iix rilonths of the lem for lhe purpo* of shorvng the same to of thrs lere md Tcnill shail fonhwrlh quil, surender sd vMtc lhc Drospective temnts, md may, during said six months penod, plrcc upon demised prmi*s rvithout preiudrce horwvef, lo O\wer's rights and ihc demised wemis Utc risual nouce "to Lef' and "For Sale', rhich remedrcs agains Tcnut undir t)rc leu Drovisons rrt effet prioi lo such norics Tenant shall rcmit lo remain thereon withoul molcsbllon. lf temrretionl ud any rcnt owing shall be paid up lo such datu ud an1 TcEnt is rct pfescni to opcn and pemit il cnlry into the dcmlsed Davmen6 of rent made by Tcnilt which wlc on ac@um ol any pe(od Dremis6 Owr or Olwr's asenb mav enler the smc whenevo sKh iuhseount to such dare slall be rerumed to Temt. Unless Otmer shall lnm mav be necew or mmissible. bv mdtet key or lorciblv. and scrye i temrnuion notice s Drovided for hercin, OMcr shall make the proirdediumablc care is eiercixd to mfegwd Tenut s property, swh reDairs ud rcsromtroN under the cooditions of (b) ild (c) her@I, with all ;ntry shall not render omeI or rls agenls liable therelbrc, nor rn ut event reisomble exD€dilion subiec! to delavs due lo adtusment of iNumnce shali the obllsasons ofTenst hereunder be affected. Ifdurlng llt IN clarms. lahor *oubls and 6aws beyoird orvner's cbnrol. Afler ily such mon$ of lhe-Iem T€mt shall have removed sll or subfftialb' 0ll ol csEltv, lenmt shall c@rEle rvith Owrt restoratim by rcmoving Tenant's DroErN therefrom. Ouer may immcdialaly entet all€r. ftom ilrc omrs c ominotlv s resomblv possible. all oi lenut's renovalc br rcdicomte the dtmrsed prerirrses wtrhod limilali'h or slvpable inventory 'and mbrable eou,oment. limiture , Md olher abatcment of rcnq or incuring liabillty io Tenant for any comper'!8tion, orooe"rtv. 'l-emt's lia6iliw- for rent shall dsilmc livc (5) days afler wltren md such act shall have no eDbct on thrs leu or Tenant's obli.ialions irotice ftonr Ormo that the demrsed premirs re subsmtiaily ready for heremder O\her shall have the risht at mY time. without th0 mc Tenant's mcuffiv. (e) Nothine containtd heeinabove shall relicve corutituung m eviction and without ricumng liabrlity to Tmnttheleforc, Tenanl fmm lidbility rh;imay errii r a reult oIdamagc frcm fire or othcr to chanse thc arancemenl and/or location ot Dubllc enlrlncEs, pmgetihys. dmm. do6r\Eys. comdo6, elevatos. stairs, loilels, c{ o$et FILED: NEW YORK COUNTY CLERK 04/08/2024 05:10 PM INDEX NO. 651820/2024 NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 04/08/2024 4a publo parts of the building, ud to change the nme, number or Remcdi.s of 18. ln case of an1 such ocfault, re-entry. desitlralion by which the building may be know O*nrrrnd exprra(ion and/or dispossess oy summary Wsiurrof proceedings or oiheruise, (a) lhc rent. and Vrult. 14. No raulu, vault space or ae4 rvhcther or not Rcdrmnlion: ' aJditrondl renl shrll become due rhercupon md Vrult Soacr. enclosed or covered, mt \\ lthrn the propeny lin€ bc pard up lo thc trme of sJch re-cntry, Arcr, of the burlding rs leud trrcunder, anything drsposses and/or exprrdtion, (b) OMer may rc-let lhe demlscd prcmiscs conhrned rn or rndrcaled on any skerch, blue prinl or any pan or parls thcrcof, cilher rn thc name of Owncr or otheNise, or pim, or anythrng contarncd clseNherc in this lc6c to the contruy for a tem or terms. rvhich tnar al Omer's ootion be less than or exceed nohriLhstardrng. Omer makes no repesntatron 6lo thc lcatron ol trc lhe perrod whrch would otheiwrse have coisliluted rhe balancc of rhe prop.rny lire ofttrc building. All vauls md vault spacc and all such are6 term ol lhrs leoe, and muy grant concessiom or liee rent,)r chilge a not within thc property line ol the building rvhich Tenmt may be hrgher rental than that in this lece, andior (c) Tenanr or the legal pemined ro ue md/or mcupy, is to be u$d and/or @cuprcd under a representatives of Ienant shall also pay OMer, as IrqulditeJ ddmagcs. revqlble lrcense, and ifmy such hcensc be revoked, or ifthe mount ol' for the failure ol Tenant to obseruc and perlbrm gid Tcnant's covcnants such tpace or il€ be drminished or requircd by any Iederal, stalc or herern conlained. any dellclencv bclween thE rent hereb\ reseryed mur(xpal authority or publlc utiliry, Omer shall nor be subject to any and/or covenanted to be pard and thc ne( amount, il any, (jflhe rcnls Irabiliry, nor shall Tcnm[ be cntrtlcd to ily compeNtioo or diminutron or collected on account of thc subsequcnt leoe or lecs ol thu demrscd abat(rncnt ofrent, mr shall swh revtralron, dlminullon or reqursfion be premixs rbr uch month of the pcriod rvhich rvould othenvise have demd cons[uctive or actual eviction. Any tax, fee or charge of constituted the balarce ofthe term olthis le6e. The larlure ofOwner to mur(ipal authontis tbr such vault ara shqll be paid by ]'emt re-let the demrsed premr*s or any pan or pare thereoi shall rct relese or affec( lenmt s liabrlity for damages. ln computing such liquidaled OccuDrncv: 15. Tenant will mt at my time ffi or ecupy the damages therc shall be added to the Mid dcficrcncy such erpenses u demrsed premi*s rn violation of Anrcles ? or 37 o\wq may rncur rn connectlon wrth re-lening. such 6 Iegsl expenses, hereoj. or ofthe cenrlicare ot occupahcy rssucd for thc burldrng ofrvhrch reoonable anorney's fes, brokcrage, adrertrsrng md for keeping Ihe tie il:mi*d prcmrses are a pan. leMnt ha rnspecled the demr*d demised premises in good order, w lor prepaflng lhe same lbr rs-letting. prcmis and rcepo them c.rs", subject to the rrdero anrcxed hereto Any such lrqurdatr'd dmagw shall be paid rn monthly insullmens by \sth rcspect to OMer's work, il' my. ln any event, Omer makes no Tenant on the rcnt d6y specrfied rn this lecc. Olmer. rn putring the rcprclenhtion ro lo the condton of the demised premi*s. and Tenant demised prrmises in good order or preparing the sme for rerenbl ma)', aplrer:; ro acept rhe sme subj(ct to vrolatioN. whcihe r or not oirccord at Ower's option. makc such altcrations, rcpairs, replacemcnts, and/or dcco.arions in lhe demised premises 6 O$ncr, in Omer's sole Binl{ruotcv: 16. {a) Aoythrtrg elsrvhere in this leasr to rlt' Judgmenl c06iders adr isable and necessry rcr the purpose ofre-lelting contrary nolwilhEtandrng, lhrs le6e may be ihe demrsed prcmiss, and the rnaking of such sltcrations, reparrs. caro,:.led hy Lmdlord by rhe sending of a minen noucc lo Tdnilr wilhin reolacsments. and,'or decoralions shall not oDeraE or be consrued to a reasmable time a&er tht happening ofmy om or more ofthe following relem Tenant liom liabrlN OMer shall rn ilo event be lrable. rn anv evenhi. (l) lhe commencement ofa cM in bankrupEy or under 6e laws way whaEoevcr, ,br lbilur; to re-ler the demrsd premisc>, or in rh-e of il!' state mmmg Temt (or a guentor of ily of TeMfs obligations evenl that the demrsed premrss de re-lel, for fallure to collccl the rcnr mder this lmc) o the dcbtori or (2) the mak,ng by T.nill (or a gua@tor lhcreo, under such ,E-lertrng. and rn no event shall Tenant be cnutled to of u,1, o1'Ln"rt'r ob,igations under rhrs le6e) of m assigment or any recerve an! excesi, il'any, uf such net rent .ollecled ovcr thc sums olhcr deBcmenl for the benefiI of creditoG under any state slalute. payable by Tenant ro Ower hereund€r. ln thc event ofa trreach or Nerdur Tewt rcr any pcrson claiming lhrough or under Te@L or by ihrearcned brcth by lemnr of any of the covenants or provisions reoclr ofov statute or order ofcoun. shall ther@[er be entrtled o hcreof, Ormcr shall huvc thc righl ol injunction and the flghl lo rnvoke pos:rsron ofthe premiss demised but shall fodhNilh quil and sutrcndcr an1 rcmedy allowed at law or rn equiry as if re-enry. smmary the demis.d Dremiscs. If thrs leffi shall be 6slmed In accordme wril1 rs prmeedrngs md other remedres Nere not herein provrded li,r Mcnlron term:r. thc prdvisions of thrs Ailicle l6 shall bd EpplcablE only to frc pffiy rn thrs lc6c o[ily parlicular remedy, shall nol prccludc OMe r Iiom any lhen c'uing Tenant's inter€st in thrs le$ olher remedy, in luw or rn equity. Ienant hereby exprcssiy 'mivts any (b) It rs strpulared and agreed that rn the event of ond all righ6 of redemptron ganted by or under any preseot or liture rhe kxmrnation of lhis lee pursuol b (a) hereof, Omer shall fonhwith, laws. noNirEEnding uy othe. provisrms of thrs lee to rhe conqary. br enltled to reovcr fiom lbnut,6 ild for liquidated dmages, il amant ltes rnd 19. lf'ltnant shall dcfault in the obs€ftilce or qua to th€ differercc behwcn (hc rent re*rucd hereundcr lbr the Expenses: - performance oi any lem or covenanl on urexpired portion ol the rcm demrscd and the fair od remble renul Tenant s part to be obxwed or perfomed valur of the demisd oremises tbr dre me mriod. ln rhe comouution of under, or b1 vrrtue of. My of the lems or provisions rn any article of lhis swh c.umage thc dilltrencc beh\en My iNtallment ot ftnt bccomints due leue, afler nonc( if rcquircd, and upon expiration of my applicable hercunder aflcr the dar of Emimtion md the farr ild reNmble rcntal grace period rl any, (cNccpt rn an emergemy). then, unless otheMise valu ofthe demr*d premis for the penod for rvhich srch iroullment rru provided elsewherc rn lhrs lease, Owrer may immedralely, or rt any time payarle shall bc dirounted o the date of Leminslion al thc ratc of fou theresller, and qrlhoul notice, pcrform the oblrgation of Tenmt percelt (40lo) per onum. lf the demised prcmi*s, or my pm thereof, be rhercunder. and ifOmer. in connection therewith or in connection sith reJet']} thc O1ffr tbr thc uhcxpfed tem of $d lese, orily part thereol any default by Tenunt rn the covenmt to pay rent hercunder, makes any betbre presenbtion ol'pml'of srch lrqurdated dmages to any c@rl expendirurcs or lrcurs any obligations for the payment of money. comtnission q uibual, the mount of rent rcserued upon such re-leiting rncludinq but not limited to rea$nable atomv's fees. in inslilutrne. sholl tE dcemed b be fie fair ild reasnablE rcnul value Ibr the pm or the prmecuimg or defendrng any ochons or prmeding. and prcvarls in an-y whole of the demisd premi*s m re-let dwing tlE Em ol'the relening. sxh actron or prmeding, such sums io pad or oblrgations incured No$rrrg herern conlaired shall limtr or $ejudrce the right of thc OMer to wrlh interesr Md cosb shall b€ deemed to be addnronal renr hrreunder provc for and obuin u liquidated damges, by rruon of such temimuon, and shall be paid by Tcnut to Owncr within tcn ( l0) days of rcndition an trnout eqBI to thc murmum allowed by ily statub or rule of law in of my bill or su,tement to Tcnilt lherulbrc, and il Tenant's le6e tem effecr at the time when, and goveming the preedings rn rvhrch srch shall have expirerl at rhe time ol'mahng of such expeldirurcs or dmrges ue to be proved. whether or nor sEh amount be greats, equ6l b, incuning ofsuch obligations, such sums shall be recovembk: by Ornet or les thil the mounl of $e dr0erencc refeGd to above. N damaBes Ihfrdt: l?. ( l) If Tenut defauls rn tullilling uyof ttrc No R.prc- 20. Nsther Orvner nor Ormer's agcnt havc covenmts of this leme other ftm tle covenms scntitions mude ut represenations or ptornises wilh fd 0E p.ymqrt of E* bv' Owocr: respcct to tlt physrcal condirion ollhe burldrng, hrcoma the l0nd upon rhrch tr rs erected or thE demrsed agai16l prcmiss, the rents, leases, expenses ofoperation, or any othcr mdter or thrng afl'ecting or related to the demrsd premrses, excepr as herein mder Scciion ios or titte ll of rhe us. code expressly sct for6. und no nghts. esements or licenss are acqured by or ifTendl shall havc failcd, aflrr live(5)days \winen Tenmt by implicrtion or othen\ise, excepl as erpressly ser lonh in the notrce, io iedepoit with Orwer ily po{tron of r}re rcurit! deposir provisiom of this lese. 'lenilt hu iropected the buildrng md the