FOURTH AMENDMENT OF LEASE

 

                         FOURTH AMENDMENT OF LEASE

          THIS FOURTH AMENDMENT OF LEASE (this "Fourth Amendment"), dated as
of April  14, 1995,  between RREEF  USA FUND-III,  a California  group trust
("Landlord"), having  an office  c/o The  RREEF Funds,  Park  Avenue  Plaza,
55 East 52nd Street,  New York,  New York  10055, and THE UNITED STATES LIFE
INSURANCE  COMPANY  IN  THE  CITY  OF  NEW  YORK,  a  New  York  corporation
("Tenant"), having an office at 125 Maiden Lane, New York, New York.

                             W I T N E S S E T H:

                             _ _ _ _ _ _ _ _ _ _

          WHEREAS, Landlord  and Tenant  are parties  to  that  certain
Lease Agreement,  dated as of December 30, 1986 (the "Original Lease"),
whereby Landlord  leased to  Tenant and  Tenant hired  from Landlord  a
portion of  the basement level, first floor, second floor, third floor,
fourth floor  and fifth  floor  (referred  to  in  the  Original  Lease
collectively as  the "Short-Term Space"), and a portion of the basement
level (the  "Basement  Premises"),  second  floor  (the  "Second  Floor
Premises"), fifth  floor (the "Fifth Floor Premises"), sixth floor (the
"Sixth Floor  Premises"), seventh floor (the "Seventh Floor Premises"),
eighth floor  (the "Eighth Floor Premises") and ninth floor (the "Ninth
Floor Premises") (the Basement Premises, the Second Floor Premises, the
Fifth Floor  Premises, the  Sixth Floor  Premises,  the  Seventh  Floor
Premises, the  Eighth Floor  Premises and  the Ninth Floor Premises are
referred to  in the  Original  Lease  collectively  as  the  "Long-Term
Space"), in the building located at 125 Maiden Lane, New York, New York
(the "Building"),  all as  more particularly  described in the Original
Lease; and

          WHEREAS, pursuant to that certain Amendment, dated August 31, 1988
(the "First Amendment"), Landlord and Tenant modified the Original Lease to,
among other  things, extend the term of the leasing of the Short-Term Space,
all as more particularly described in the First Amendment; and

          WHEREAS, pursuant to that certain Second Amendment to Lease, dated
November 10,  1988 (the  "Second Amendment"),  Landlord and  Tenant  further
modified the  Original Lease to, among other things, provide for the leasing
of additional  space on  the fifth  floor of  the Building  (the "Additional
Fifth Floor  Premises"), all  as more  particularly described  in the Second
Amendment; and

          WHEREAS, pursuant  to that certain Third Amendment to Lease, dated
May 10,  1989 (the  "Third Amendment"), Landlord and Tenant further modified
the Original  Lease to,  among other  things, provide  for  the  leasing  of
certain space on the basement level (the "Additional Basement Premises") and
the third  floor (the "Third Floor Premises") on a month-to-month basis, all
as more particularly described in the Third Amendment; and

          WHEREAS, the  Original Lease,  as modified by the First Amendment,
the Second  Amendment and the Third Amendment, is hereinafter referred to as
the "Lease"; and

          WHEREAS, the  term of  the leasing of the Short-Term Space and the
term of  the leasing  of the Third Floor Premises have expired in accordance
with the terms of the Lease; and

          WHEREAS, (i) Tenant desires to surrender to Landlord, and Landlord
desires to  accept the  surrender from  Tenant  of,  the  Initial  Surrender
Premises (as hereinafter defined); (ii) Landlord and Tenant desire to reduce
the term  of the Lease, and (iii) Landlord and Tenant desire to make further
modifications to the Lease, in each case, all as more particularly set forth
in this Fourth Amendment.

          NOW, THEREFORE,  in consideration  of the  mutual covenants herein
contained and  other  good  and  valuable  consideration,  the  receipt  and
sufficiency of  which is  hereby acknowledged,  the parties hereto do hereby
agree to modify the Lease as follows:

          1.   Definitions.   All capitalized  terms used  and not otherwise
defined herein  shall have  the respective  meanings assigned to them in the
Lease.  The term "Effective Date" shall mean July 1, 1995.

          2.   Surrender of  Premises.   (a)  On June 30, 1995 (the "Initial
Surrender Date"),  Tenant shall  vacate the  Initial Surrender  Premises and
surrender the  same to  Landlord in  the condition  required pursuant to the
Lease, as  modified by  this Fourth  Amendment, as  if such  date  were  the
Expiration Date.    Tenant  hereby  represents  on  behalf  of  itself,  its
successors and  assigns that  it has not assigned, pledged or encumbered the
Lease, as modified by this Fourth Amendment, or sublet the Initial Surrender
Premises or done or suffered any other action as a result of which the Lease
or  the  Initial  Surrender  Premises  might  be  subject  to  any  lien  or
encumbrance, and  Tenant covenants  that such  representation shall  also be
true, correct  and accurate  on the  Initial Surrender Date.  As used herein
the term  "Initial Surrender Premises" shall mean the Basement Premises, the
Fifth Floor Premises, the Additional Fifth Floor Premises and the portion of
the Sixth  Floor  Premises  (the  "Sixth  Floor  Surrender  Premises")  more
particularly shown on Exhibit B annexed hereto.

               (b)  If Tenant  fails to vacate and deliver possession of the
Initial Surrender  Premises to  Landlord on the Initial Surrender Date, then
(i) such  failure shall  be a default by Tenant under the Lease, as modified
by this  Fourth Amendment,  and (ii) Tenant shall be deemed to be a holdover
in the  Initial Surrender  Premises and,  in addition  to all  of Landlord's
rights and remedies set forth in the Lease, Landlord shall have the right to
exercise any of its rights and remedies at law and in equity.

               (c)  On the  Initial Surrender  Date, the term of the Lease with
respect to  the Initial  Surrender Premises  shall end  and expire and Tenant's
estate in  and possession of the Initial Surrender Premises shall terminate and
be wholly  extinguished with  the same  force and  effect as  if such  date was
initially set forth as the Expiration Date applicable thereto.

               (d)  Effective from  and after the Effective Date, (i) Tenant
shall continue  to lease  the Premises  (other than  the  Initial  Surrender
Premises) upon  all of the terms and conditions of the Lease, as modified by
this Fourth  Amendment (including  all of the rights and privileges provided
for Tenant  under the  Lease), (ii) the Premises shall no longer include the
Initial Surrender  Premises, (iii)  Tenant shall  be deemed  to have  given,
granted, assigned and surrendered unto Landlord, its successors and assigns,
all right  to possession of the Initial Surrender Premises, and (iv) without
limiting Tenant's rights under Section 42.01 of the Lease, Landlord shall be
entitled to lease the Initial Surrender Premises to any person or entity, or
take any other action with respect thereto, free from any claim of Tenant or
any person or entity claiming through Tenant.

               (e)  Tenant shall be responsible for the payment of all taxes
and other  payments (including,  without  limitation,  all  transfer  taxes)
required to  be paid in connection with or relating to Tenant's surrender of
the Initial  Surrender Premises,  regardless of  whether such taxes or other
payments are  the obligation  of Landlord or Tenant.  Tenant shall indemnify
and  hold   harmless  Landlord   and  its   partners,  directors,  officers,
principals, agents,  shareholders, trustees, trust beneficiaries, investment
managers and  employees from  and against  any and  all liability,  damages,
claims, costs  or expenses  relating to  the payment  of any  taxes or other
payments required  to be  paid in  connection with  or relating  to Tenant's
surrender of  the Initial  Surrender  Premises,  together  with  all  costs,
expenses and  liabilities incurred  in or in connection with each such claim
or action  or proceeding brought thereon, including, without limitation, all
reasonable attorneys' fees and expenses.

          3.   Lease of  Premises.   (a)   As of  the Effective  Date, after
giving effect  to the  surrender of  the  Initial  Surrender  Premises,  the
Premises shall consist of the Additional Basement Premises, the Second Floor
Premises, the  Sixth Floor  Premises (excluding  the Sixth  Floor  Surrender
Premises), the  Seventh Floor  Premises, the  Eighth Floor  Premises and the
Ninth Floor  Premises, all  as more  particularly shown  on the  floor plans
annexed hereto  as Exhibit A.  As of the Effective Date, the term "Long-Term
Space" as  used in  the Lease  shall be  deemed to  mean the Premises.  Each
floor of  the Premises  shall be  deemed to  contain the  number of rentable
square feet  set forth  opposite each Floor on Exhibit D annexed hereto, for
all purposes of the Lease, as modified by this Fourth Amendment.

               (b)  Tenant has previously accepted the Premises "as is", and
Landlord either  was not required to, or as of the date hereof has satisfied
all obligations  set forth  in the  Lease to, make any contribution, perform
any work,  install any  equipment or fixtures or render any services to make
the Building  or the  Premises  ready  or  suitable  for  Tenant's  use  and
occupancy.   Landlord shall not be required to make any contribution, except
for the Tenant Allowance (as hereinafter defined), or be required to perform
any work,  install any  equipment or fixtures or render any services to make
the Premises ready or suitable for Tenant's use and occupancy.

          4.   Lease Term.   (a)   Effective  as of  the Effective Date, the
term of  the Lease  shall be  reduced until  the earlier of (i) December 31,
1995 and  (ii) the later  of (x) July  1, 1995 and (y) the effective date of
the legislation  effectuating the  Mayor's Plan  for Revitalization of Lower
Manhattan  dated  December 15,  1994  (such  later  date  being  hereinafter
referred to  as the "Plan Date") (or such earlier date on which the term may
end pursuant  to any  of the terms, conditions or covenants of the Lease, as
modified by this Fourth Amendment, or pursuant to law).  Effective as of the
Effective Date,  (1) the term "Long Term Expiration Date" shall be deemed to
mean the  "Expiration Date,"  (2) the term "Expiration Date" shall be deemed
to mean  the earlier of (A) December 31, 1995 and (B) the Plan Date, (3) all
references to  the word  "term" in the Lease shall be deemed to refer to the
term of  the Lease  as hereby  extended, and (4) the parenthetical clause at
the end of the section entitled "Term of Lease" on the Reference Page of the
Original Lease shall be deleted in its entirety.

               (b)  Tenant shall be responsible for the payment of all taxes
and other  payments (including,  without  limitation,  all  transfer  taxes)
required to  be paid  in connection with or relating to the reduction of the
term of  the Lease,  regardless of  whether such taxes or other payments are
the obligation  of Landlord  or Tenant.   Tenant  shall indemnify  and  hold
harmless Landlord and its partners, directors, officers, principals, agents,
shareholders,  trustees,   trust  beneficiaries,   investment  managers  and
employees from  and against any and all liability, damages, claims, costs or
expenses relating  to the payment of any taxes or other payments required to
be paid  in connection  with or relating to the reduction of the term of the
Lease, together  with all  costs, expenses and liabilities incurred in or in
connection with  each such  claim or  action or  proceeding brought thereon,
including, without limitation, all reasonable attorneys' fees and expenses.

          5.   Fixed Base  Rent.   (a)   Effective as of the Effective Date,
(i) Exhibit  D of  the Lease  shall be deleted in its entirety and Exhibit D
annexed hereto shall be substituted in its place, (ii) the first sentence of
the section  entitled "Portion  of  Annual  Fixed  Base  Rent  Allocable  to
Electricity" on the Reference Page of the Original Lease shall be deleted in
its entirety, (iii) the last sentence of Section 1.03(c) shall be deleted in
its entirety,   and  (iv) the  first sentence  of  Section  1.03(a)  of  the
Original  Lease   shall  be  deleted  in  its  entirety  and  the  following
substituted in its place:  "From and after July 1, 1995, Tenant shall pay to
Landlord fixed  annual base  rent, subject to adjustment as herein expressly
provided, at  the annual  fixed base  rental rates  set forth  on Exhibit  D
hereto (the  "Fixed Base  Rent"), which  shall be  payable in  equal monthly
installments in  advance on  the first  day of each and every calendar month
during the term of this Lease."

               (b)  Notwithstanding anything  to the  contrary contained  in
the Lease or this Fourth Amendment, provided Tenant shall not be in Material
Default (as  hereinafter defined)  under any  of the terms and provisions of
the Lease,  as modified  by this  Fourth  Amendment,  the  Fixed  Base  Rent
(excluding the  portion of Fixed Base Rent allocable to electricity) payable
under the  Lease, as modified by this Fourth Amendment, shall be abated from
the Effective Date through the Expiration Date; provided, however, that upon
the occurrence of (but only during the continuance of) a Material Default by
Tenant under  any of  the terms  and provisions of the Lease, as modified by
this Fourth  Amendment, such  abatement  shall  end.    The  term  "Material
Default"      shall       mean      any       monetary      default       or

any non-monetary  default the  cost of  curing of  which  is  in  excess  of
$50,000, in  each case  which default continues beyond the expiration of any
applicable notice and/or cure periods.

          6.   Taxes.   During the  period commencing  on the Effective Date
and ending  on the  earlier of  (a) December 31, 1995 and (b) the Plan Date,
the provisions  of Article 4  of the  Lease shall  not be  applicable to the
leasing of  the Premises  (provided  that  the  rights  and  obligations  of
Landlord and  Tenant with  respect to  Taxes for  the period  prior  to  the
Effective Date shall not be affected). 

          7.   Operating Expense  Escalation.   During the period commencing
on the Effective Date and ending on the earlier of (a) December 31, 1995 and
(b) the  Plan Date,  the provisions  of Article  5 of the Lease shall not be
applicable to  the leasing  of the  Premises (provided  that the  rights and
obligations of  Landlord and  Tenant with  respect to  the payments  made on
account of  the Wage  Rate escalation  for the period prior to the Effective
Date shall not be affected).

          8.   Tenant Allowance.   (a)   Provided  Tenant shall  not  be  in
Material Default  under the  terms of  the Lease, as modified by this Fourth
Amendment, at  any time  a disbursement  is required to be made by Landlord,
Landlord shall  provide Tenant  an allowance  in the  amount  of  $2,079,000
(which amount  is hereinafter  referred to  as the "Tenant Allowance"), upon
the terms  and conditions hereinafter set forth.  The Tenant Allowance is to
be used  by Tenant  to pay  the costs  incurred by Tenant in connection with
Tenant's continued occupancy of the Premises.  Within 30 days after the date
hereof, Tenant  shall deliver  to Landlord  an estimate  of such costs to be
incurred by  Tenant (the  "Estimate").    Within 30  days  after  Landlord's
receipt of  (i) the  Estimate and  (ii) a request  from Tenant, signed by an
authorized officer  of Tenant,  requesting the  initial disbursement  of the
Tenant Allowance  (a "Disbursement  Request"), Landlord  shall pay to Tenant
the initial  disbursement of  the Tenant  Allowance in  an amount  equal  to
$1,500,000.   Subject to  the provisions of Section 8(b), the balance of the
Tenant Allowance  shall be  disbursed to  Tenant after Landlord's receipt of
(i) a Disbursement  Request,  (ii) invoices  or  other  evidence  reasonably
satisfactory to  Landlord of Tenant's costs theretofore paid or then due and
payable for  which  Tenant  is  seeking  reimbursement,  and  (iii) evidence
reasonably satisfactory to Landlord establishing that all sums due and owing
to contractors,  subcontractors and  materialmen have  been paid,  including
lien waivers.

               (b)  If (i)  Tenant shall  not have  received disbursement of
the  entire   Tenant  Allowance  pursuant  to  Section  8(a)  following  the
completion of  the work  performed by  Tenant to  prepare the  Premises  for
Tenant's continued  occupancy thereof, (ii) Landlord shall have received the
Estimate and  evidence reasonably satisfactory to Landlord establishing that
all sums  due and  owing to contractors, subcontractors and materialmen have
been paid, including lien waivers, and (iii) Tenant shall not be in Material
Default under  the terms of the Lease, as modified by this Fourth Amendment,
then Tenant  shall  be  entitled  to  receive  a  credit  against  the  next
installments of  Fixed Base  Rent becoming  due and  payable hereunder in an
amount equal to the undisbursed portion of the Tenant Allowance.

               (c)  The right  to receive  the Tenant Allowance as set forth
herein shall  be for  the exclusive  benefit of Tenant, it being the express
intent of  the parties hereto that in no event shall such right be conferred
upon or  for the  benefit of any third party, including, without limitation,
any contractor,  subcontractor, materialman,  laborer, architect,  engineer,
attorney or any other person, firm or entity.

          9.   Expansion Option.    During  the  period  commencing  on  the
Effective Date  and ending  on the  earlier of  (a) December  31,  1995  and
(b) the Plan  Date, Landlord shall have no obligation to Tenant with respect
to the delivery of any Option Notice or the leasing of any Option Space, and
Tenant shall  have  no  rights  to  lease  any  Option  Space,  pursuant  to
Article 39 of  the Lease.   Tenant  hereby acknowledges  that  Landlord  has
commenced negotiations  for the  leasing of  the vacant portion of the tenth
floor of  the Building  with CDM  Federal Programs  Corporation, and  Tenant
hereby waives  any and  all rights  Tenant may have to lease such portion of
the tenth  floor pursuant  to Article  39 of  the Lease  for the term of any
lease between  Landlord and  CDM Federal  Programs Corporation  (and/or  its
designees, assignees  or  successors)  and  the  term  of  any  renewals  or
extensions of such lease.

          10.  Assignment and Subletting.  (a)  Section 9.02(a) of the Lease
is hereby  amended by  adding in  the fourth line after the word "shall" the
words "with  respect to  an assignment  or sublet of all or a portion of the
Premises consisting  of a  full floor or more or an amount of space equal to
at least 18,540 rentable square feet with respect to the 6th floor)".

               (b)  Section  9.02(b)   is  hereby   amended  by  adding  the
following provision to the end thereof:

     "If Landlord  shall accept  Tenant's offer  of assignment  or sublease,
     then from  and after  the effective  date  of  the  assignment  or  the
     commencement date  of the  sublease, as  applicable,  Tenant  shall  be
     released from  all remaining  liability  as  tenant  under  this  lease
     accruing from  and after  the effective  date of  the assignment or the
     commencement date  of the sublease, as applicable, with respect to this
     lease, in  the case of an assignment, or the Excluded Area, in the case
     of a sublease."

               (c)  Article 9  is hereby  amended by inserting the following
                    provision:

     "9.12.    If (a) the Premises or any portion thereof shall be sublet or
     if this  lease  or  Tenant's  interest  herein  shall  be  assigned  or
     transferred in  accordance with the terms hereof (except as provided in
     Section 9.08 hereof), and (b) at any time Tenant receives periodic rent
     (fixed or  additional rent)  and/or other  consideration in  connection
     with such  assignment,  subletting  or  other  transfer  in  an  amount
     exceeding the  Fixed Base  Rent and  Additional  Rent  that  Tenant  is
     obligated to  pay  to  Landlord  during  the  period  covered  by  such
     assignment, subletting  or other  transfer, then  Tenant shall  pay  to
     Landlord (x)  in the case of a subletting, 25% of the gross increase in
     such rent  as such  rent is  received by  Tenant and  25% of  any other
     consideration received  by Tenant  in connection  with such sublease or
     (y)           in           the           case           of           an

     assignment or  other transfer,  25% of the consideration paid to Tenant
     in connection with such assignment or other transfer."

          11.  Modifications to  Lease.   (a) Effective  as of the Effective
Date, (i)  Exhibit E  of the Original Lease shall be deleted in its entirety
and Exhibit E annexed hereto shall be substituted in its place, (ii) Article
44 of the Original Lease shall be deleted in its entirety, (iii) Sections 2,
3, 4,  5, 6 and 7 of the First Amendment shall be deleted in their entirety,
(iv) Sections 2, 3,  4 and  5 of  the Second  Amendment shall  be deleted in
their entirety  and (v) the  second  sentence  of  Section 2  of  the  Third
Amendment shall be deleted in its entirety.

               (b)  Effective as of the date hereof, all Notices to Landlord
shall be  delivered as  follows notwithstanding  anything  to  the  contrary
contained in Sections 32.01 and 32.03 of the Original Lease:

               RREEF USA Fund-III
               125 Maiden Lane
               New York, New York  10038
               Attention:  Ms. Alane S. Berkowitz
          
          with a copy to:
          
               The RREEF Funds
               401 Hackensack Avenue, 7th Floor
               Hackensack, New Jersey  07601
               Attention:  Ms. Denise Stewart
          
          12.  Brokers.   Tenant covenants,  represents  and  warrants  that
Tenant has  had no  dealings or  negotiations with any broker or agent other
than Equis of New York (the "Broker") in connection with the consummation of
this Fourth Amendment, and Tenant covenants and agrees to pay, hold harmless
and indemnify Landlord from and against any and all cost, expense (including
reasonable attorneys'  fees and  court costs),  loss and  liability for  any
compensation, commissions  or charges  claimed by any broker or agent, other
than the  Broker, with  respect to  this Fourth Amendment or the negotiation
thereof to  the extent  such claim or claims by any such broker or agent are
based in  whole or in part on dealing with Tenant or its representatives and
not with Landlord or its representatives.  Landlord shall be responsible for
such compensation,  commissions or  charges to  which Broker may be entitled
pursuant to  a separate  agreement between  Broker and  Landlord.   Landlord
covenants and  agrees to  pay, hold  harmless and  indemnify Tenant from and
against any  and all cost, expense (including reasonable attorneys' fees and
court costs),  loss and  liability  for  any  compensation,  commissions  or
charges in connection with this Fourth Amendment or the negotiation thereof,
claimed under  any circumstances  by the  Broker, or  claimed by  any  other
broker or  agent to the extent such claim or claims by such other brokers or
agents are  based  in  whole  or  part  on  dealing  with  Landlord  or  its
representatives and not with Tenant or its representatives.

          13.  No Modification.   Except  as specifically  provided  herein,
nothing contained  in this Fourth Amendment shall be deemed to modify in any
respect the  terms, provisions  or conditions  of the Lease, and such terms,
provisions and conditions are hereby ratified and shall remain in full force
and effect as modified hereby.

          14.  Construction.   In the  event that there is any inconsistency
between the  terms of  this Fourth Amendment and the terms of the Lease, the
terms of this Fourth Amendment shall prevail.

          15.  Entire Agreement.   This  Fourth Amendment  contains the sole
and entire  understanding and  agreement of  the parties with respect to its
entire   subject   matter   and   all   prior   negotiations,   discussions,
representations, agreements,  and understandings  heretofore had  among  the
parties with respect thereto are merged herein.

          16.  Counterparts.   This Fourth  Amendment  may  be  executed  in
duplicate counterparts, each of which shall be deemed an original and all of
which, when taken together, shall constitute one and the same instrument.

          17.  Successors and  Assigns.   This  Fourth  Amendment  shall  be
binding upon  and inure  to the  benefit of  Landlord and  Tenant and  their
respective successors and permitted assigns.

          IN WITNESS  WHEREOF, Landlord and Tenant have executed this Fourth
Amendment as of the day and year first above written.

                              LANDLORD:
                              
                              RREEF USA FUND-III, a California group trust
                              
                              By:  RREEF MANAGEMENT COMPANY,
                                   a California Corporation
                              
                                   By: /s/ Denise Stewart             
                                       _______________________________
                                     Name:  Denise Stewart
                                     Title:   Vice President,
                                           Director of Properties
                              
                              
                                   By:/s/ Alane S. Berkowitz         
                                      _______________________________
                                     Name:  Alane S. Berkowitz
                                     Title:    District Manager
                              
                              TENANT:
ATTEST:                       THE UNITED STATES LIFE INSURANCE
                              COMPANY IN THE CITY OF NEW YORK
                              
                              
/s/ James F. DeVarso          By:/s/Richard G. Hohn                     
_____________________________    _______________________________________
Name:  James F. DeVarso         Name:    Richard G. Hohn
Title:    Assistant Secretary   Title:    Senior Vice President

                            EXHIBIT A

FLOOR PLANS DEPICTING BASEMENT, 2ND FLOOR, 6TH FLOOR, 7TH FLOOR,
                     8TH FLOOR AND 9TH FLOOR

                            PREMISES

                            ________

                            EXHIBIT B

         SIXTH FLOOR SURRENDER PREMISES WITH FLOOR PLAN

         ______________________________________________

                            EXHIBIT C

                     [INTENTIONALLY OMITTED]



                                                     EXHIBIT D

Portion of Annual Fixed Base Rent Fixed Base Rent Allocable to Electricity Floor Rentable Area Tenant's Proportionate (with electricity As of the Effective Monthly Installment (Square Feet) Share included) Date of Fixed Based Rent _____ _____________ ______________________ _________________ ________________________ ___________________ Basement 2,455 s.f. -- From the Effective $1,227.50 From the Effective Date until the Date until the Expiration Date: Expiration Date: $13,502.50 $1,125.21 Six 18,540 s.f. 6.294% From the Effective $37,080 From the Effective Date until the Date until the Expiration Date: Expiration Date: $384,705 $32,058.75 Seven 21,540 s.f. 7.313% From the Effective $43,080 From the Effective Date until the Date until the Expiration Date: Expiration Date: $446,955 $37,246.25 Eight 21,540 s.f. 7.313% From the Effective $43,080 From the Effective Date until the Date until the Expiration Date: Expiration Date: $446,955 $37,246.25 Nine 21,540 s.f. 7.313% From the Effective $43,080 From the Effective Date until the Date until the Expiration Date: Expiration Date: $446,955 $37,246.25 _____ _____________ ______________________ _________________ ________________________ ___________________ Totals: 85,615 s.f. 28.233% From the Effective $167,547.50 From the Effective Date until the Date until the Expiration Date: Expiration Date: $1,739,072.50 $144,922.71
D-1 EXHIBIT E _________ CLEANING SCHEDULE _________________ E-1 A. LOBBY 1. Stone, ceramic tile, marble, travertine, terrazzo, quarry tile and other untreated flooring shall be wet-mopped and mopped-dry, using proper methods of floor care and proper quantities of approved cleaning materials nightly. All floors shall be machine scrubbed. Treated floors shall be sealed, waxed, buffed nightly, stripped and rewaxed as necessary. 2. Stone walls shall be wiped clean of dust and haze daily. Finger marks and surface blemishes shall be removed each day using proper methods and materials. 3. Treated and untreated metal stair doors, elevator doors, saddles and frames, elevator indicator and control panels, alarm panels, ventilator and radiator enclosures, mailbox, cigarette receptacles, directory board and sign frames, glass wall mullions shall be wiped clean of dust, fingermarks, surface blemishes, scruff marks, haze and other soil nightly and as often as required each business day. Untreated metal items above shall be polished using approved methods and materials. 4. Clean all cigarette urns and replace sand or water as necessary, material to be furnished by Contractor. 5. Foul weather traffic runner mats shall be removed nightly to permit complete floor cleaning and be cleaned and relaid or stored ready for use. Mats supplied by Owner. 6. Clean entrance and all lobby glass as required by Owner or at least once per day. E-2 7. Clean lights, globes, diffusers and fixtures as often as necessary and keep light fixtures properly lamped. Bulbs supplied by Owner. 8. Dust monthly all air conditioning louvers, grills, etc., not reached in nightly cleaning. 9. Exterior granite walls are to be dusted monthly and washed quarterly. 10. Clean elevator pits weekly. B. SIDEWALKS _________ 1. Exterior sidewalks, vestibules and loading areas shall be swept daily; hosed clean every morning as weather dictates, litter picked up as often as required during the day and evening, weekends and holidays. 2. Snow shall be completely removed from sidewalks, curb and crosswalks promptly during and after storms. Snow removal equipment, shovels and sufficient supply of ice-melting chemicals should be kept by contractor at premises during winter season. (At contractor's cost). 3. Remove gum and foreign matter from sidewalks on sight. 4. Scrub clean and/or steam clean sidewalks as often as necessary. C. ELEVATORS _________ 1. Dust and rub down elevator doors, walls, ceilings, metal work and saddles in elevator cabs. Vacuum elevator door tracks and saddles. 2. Dust bulbs, fixtures and diffusers as required. 3. Maintain metal work throughout, including elevator cabs by cleaning and polishing as necessary. 4. Wash painted ceiling above suspended ceiling annually. E-3 5. Maintain floors in elevator cabs as needed. If carpeted, remove soluble spots which safely respond to standard spotting procedure without risk of injury to color or fabric. Cabs to be vacuumed nightly and shampooed as required. 6. Remove all chewing gum, etc., from floors, walls and rails. 7. Clean saddles and frames on floors above lobby once per week. D. BUILDING SERVICE AREAS ______________________ 1. Keep locker rooms and slop sink rooms in a neat, orderly condition at all times. 2. Hose all ramps, loading docks, etc., daily scrub or steam clean if necessary. 3. Clean mechanical equipment areas, electric and telephone closets as often as necessary. No admittance into restricted areas permitted without attendance of Building Engineer. 4. Keep waste paper, cardboard and rubbish stored in approved areas. Clean the floor, walls and doors as necessary. E. EXTERIOR CLEANING _________________ 1. Maintain entire building exterior including metal work, entrance doors and building trim. Clean standpipes, sprinkles, siamese connections and hose bibs. F. ROOF AREA _________ 1. Police roof and clean as often as necessary. G. BASEMENT AND PUBLIC CORRIDORS _____________________________ 1. Linoleum, rubber, asphalt, vinyl, asbestos, pure vinyl, sheet and tile and other similar resilient types of flooring requiring waxed or treated finish shall be swept using approved treated cloth dust mops and damped mopped nightly. Rewaxing or interim buffing shall be done as required. E-4 2. Wash vertical surfaces of public corridors as often as necessary and as requested by Owner. H. BUILDING OFFICE, BASEMENT LOCKER ROOMS AND __________________________________________ LAVATORIES NIGHTLY __________________ 1. Scour, wash and disinfect all toilet seats (both sides), basins, bowls and urinals throughout. 2. Sweep and wash all lavatory floors using proper disinfectants. 3. Wash and polish all mirrors, powder shelves, bright work and enameled surfaces in all lavatories. 4. Service sanitary napkin dispensers (napkins supplied by contractor). 5. Empty and clean sanitary napkin disposal receptacles. 6. Empty paper towel receptacles and remove paper to designated areas. 7. Fill toilet tissue holders, soap dispensers and towels each night and when necessary during the day. (Supplied by contractor). PERIODIC ________ 8. Clean and wash all partitions once every two weeks. 9. Hand dust, clean and wash all walls once each month. 10. High dusting shall be done once each month which will include lights, walls and grills. 11. Clean and wash all receptacles and dispensers as necessary, but not less than once each month. 12. Clean and wash ceilings as required. E-5 I. PUBLIC STAIRWAYS ________________ 1. Check all stairways daily throughout building, sweep and mop monthly. J. WINDOW CLEANING _______________ 1. Wash and clean exterior and interior of all windows and frames every three months. 2. Building entrance doors and inside lobby glass shall be cleaned daily and kept in clean condition at all times during the day. 3. Clean all store windows one time per week except Carolyn Smith four times extra. Contractor shall provide necessary protection to the exterior of the building during window washing operation. 4. Contractor shall provide all labor, materials, tools, equipment and perform all operations necessary to carry out the window washing operation. 5. All anchor bolts and related fixtures shall be tested and maintained in accordance with the rules and regulations of all governmental agencies having jurisdiction (at Owner's expense). Contractor to report any hazardous conditions to Owner. K. FREIGHT ELEVATORS _________________ 1. Contractor shall perform such additional work as is necessary to keep freight elevator in clean condition including, but not limited to, cleaning saddles, doors and frames and vacuuming door tracks and saddles. L. PEST CONTROL ____________ 1. The Contractor shall render pest control services throughout the entire premises once each month. Services to be performed by thoroughly trained licensed operators. Evidence of such service calls shall be presented to Owner. 2. Special emergency calls shall be made on request at no additional charge. Service shall be rendered at such hours as will not interfere with normal building operation. E-6 M. DAY PERSONNEL DAY PORTERS _________________________ Contractor agrees to furnish two (2) days porters to perform the following duties and any additional duties as may be directed by Owner. 1. Police entire lobby area, sidewalks and cellar corridors. 2. Police and maintain elevator cabs, including floors as required. Carpeted floors as required. Carpeted floors to be vacuumed and spots to be removed as required, but not less than once in the afternoon. 3. Clean cellar, corridors, utility areas, police locker rooms so that they are kept in a clean condition at all times. 4. Sweep and hose building sidewalk areas daily before 8:00 a.m., Monday through Friday of each week, all equipment to be provided by contractor. 5. Pick up and put out foul weather mats as necessary, making sure that they are kept clean at all times during storage. 6. Clean roof as necessary. 7. Clean all lobby glass, directory glass, etc. inside and outside including frames. 8. Clean and polish standpipes and sprinklers, siamese connections, as necessary. 9. Clean loading dock area and service/freight corridor. 10. Remove snow when necessary from building entrance ways and sidewalks. 11. Equipment rooms, fan rooms and utility rooms shall be swept regularly and kept in clean condition. 12. Perform other such duties as may be directed by the Owner. E-7 13. Clean basement corridors and utility areas including floors, walls, ceilings, fixtures and other public areas. All such areas shall be kept in clean condition to the satisfaction of the owner. 14. Police men's and women's rooms, fill dispensers as required. N. LOBBY SECURITY ______________ 1. Contractor shall be responsible for maintaining lobby security 24 hours a day, 7 days per week, and all legal and union holidays. All personnel on duty to be in uniform. 2. Supply one additional security guard, Monday thru Friday, 8:00 AM to 5:00 PM. O. ADDITIONAL TENANT SERVICES __________________________ 1. Contractor may perform special additional services for the tenants in the building. P. GENERAL OFFICE AREAS NIGHTLY ____________________________ 1. All stone, ceramic tile, marble, terrazzo and other unwaxed flooring to be swept nightly. Wash flooring weekly, scrub when necessary. 2. All unwaxed flooring used as corridors adjacent to the core shall be cleaned and wet mopped nightly. 3. All linoleum, vinyl, rubber, asphalt tile and other similar types of flooring (that may be waxed) to be swept nightly. 4. Mop up and wash floor for spills, smears and foot tracks throughout, including tenants space, as needed wash floor in general as required. 5. All carpeting and rugs to be carpet swept nightly and vacuum cleaned weekly. 6. Hand dust with treated cloth and wipe clean all furniture and fixtures. 7. Empty and clean all waste receptacles nightly and remove the wastepaper from the premises to designated areas. E-8 8. Empty and clean all ash trays and screen all sand urns nightly. 9. Dust interior of all waste disposal cans and baskets nightly; damp dust as necessary. 10. Wash clean all water fountains and coolers nightly. 11. Dust all door and other ventilating louvers within reach; damp wipe as necessary. 12. Damp dust all telephones monthly. 13. Keep locker and slop sink rooms in a neat and orderly condition at all times. 14. Wipe clean and polish all brass, if necessary; and other bright work nightly. 15. Sweep all private staircases nightly. 16. Metal doors of all elevator cars to be properly maintained. 17. Remove all gum and foreign matter on sight. 18. Clean all glass furniture tops. 19. Collect and remove wastepaper, cardboard boxes (which Contractor will flatten) and waste material to a designated area on the Premises. Waste and/or rubbish bags (heavy duty plastic) shall be furnished by contractor ahd sall be adequate to hold contents without breaking. Owner shall have the right to approve trash removal containers and janitorial carts. 20. Dust and wash closet and coat room shelving, coat racks and flooring. PERIODIC CLEANING _________________ To be performed as needed unless otherwise specified; but not less than once each week or as hereinafter provided. 1. Polish all aluminum, chrome, stainless steel, brass and other metal work, including trim and hardware, as necessary, using non-acid polish. E-9 2. Wash and remove all fingermarks, ink stains, smudges, scruff marks and other marks from metal partitions, sills, all vertical surfaces (doors, walls, window sills), including elevator doors and other surfaces as necessary. Clean and sweep vacant areas. 3. Dust and clean electric fixtures, all baseboards and other fixtures or fittings as necessary, but not less than once a week. Q. HIGH DUSTING ____________ 1. Do all high dusting every two (2) months, unless specified including, but not limited to the following: a. Vacuum and dust all pictures, frames, charts, graphs and similar wall hangings not reached in nightly cleaning. Damp dust as required. b. Vacuum and dust all vertical surfaces such as walls, partitions, doors, bucks and ventilating louvres, high moldings and other surfaces not reached in nightly cleaning. c. Dust exterior of lighting fixtures. d. Wash all furniture glass as needed. e. Vacuum and dust ceiling tiles around ventilators and clean air conditioning diffusers as required. R. ELEVATOR LOBBY AND PUBLIC CORRIDORS (MULTI-TENANT __________________________________________________ FLOORS) _______ 1. Sweep and wash floor nightly and machine scrub as necessary. Wax, buff, apply sealer and finishes as required. Spot clean and shampoo carpets where substituted in corridors. 2. Wipe down all metal surfaces in the lobby and polish as required. 3. High dust if necessary all electrical and air conditioning ceiling fixtures at least once per month. E-10 4. Dust walls nightly and wash as required. 5. Clean and dust mail depository in lobby. 6. Clean cigarette urns, screen sand and supply sand as necessary. S. LAVATORIES PUBLIC _________________ 1. Scour, wash and disinfect all toilet seats (both sides), basins, urinals and tile walls. 2. Sweep and wash all lavatory floors using proper disinfectants. 3. Wash and polish all mirrors, powder shelves, bright work and enameled surfaces in all lavatories. 4. Contractor shall use only non-abrasive material to avoid damage and deterioration to chrome fixtures. 5. Hand dust and clean, washing when necessary, all partitions, dispensers and receptacles in all lavatories and restrooms. 6. Service sanitary napkin dispensers. (Napkins to be Supplied by Contractor). 7. Empty paper towel and sanitary napkin disposal receptacles and remove paper to designated areas. 8. Fill toilet tissue, paper towel and soap dispensers nightly. (Contractor to supply all materials). Full floor tenants shall supply their own paper hand towels, toilet tissue, soap and sanitary napkins. 9. Clean and wash all receptacles and dispensers. 10. Remove fingermarks from painted surfaces. PERIODIC ________ 11. Clean and wash all partitions once every two weeks. E-11 12. Scrub floors as necessary, but not less than once each week. 13. Hand dust clean and wash all tile walls and ceilings, including washable acoustical tile, once each month. 14. High dusting shall be done once each month which will include lights, walls and grills. 15. Wash all light fixtures as necessary. E-12

Basic Info X:

Name: FOURTH AMENDMENT OF LEASE
Type: Lease
Date: Aug. 10, 1995
Company: USLIFE CORP
State: New York

Other info:

Date:

  • April 14 , 1995
  • December 30 , 1986
  • August 31 , 1988
  • November 10 , 1988
  • May 10 , 1989
  • June 30 , 1995
  • December 15 , 1994
  • July 1 , 1995
  • December 31 , 1995
  • winter
  • Monday thru Friday

Organization:

  • Third Floor Premises
  • Additional Fifth Floor Premises
  • Second Floor Premises
  • Eighth Floor Premises
  • Ninth Floor Premises
  • Landlord of Tenant
  • CDM Federal Programs Corporation
  • RREEF USA FUND-III
  • Annual Fixed Base Rent Fixed Base Rent Allocable to Electricity Floor Rentable Area Tenant
  • Effective Monthly Installment Square Feet Share

Location:

  • Manhattan
  • Hackensack Avenue
  • 7th Floor Hackensack
  • New Jersey
  • California
  • NEW YORK

Money:

  • $ 50,000
  • $ 2,079,000
  • $ 1,500,000
  • $ 1,227.50
  • $ 13,502.50 $ 1,125.21
  • $ 37,080
  • $ 384,705 $ 32,058.75
  • $ 43,080
  • $ 446,955 $ 37,246.25
  • $ 167,547.50
  • $ 1,739,072.50 $ 144,922.71

Person:

  • Denise Stewart
  • Alane S. Berkowitz
  • sRichard G. Hohn
  • James F. DeVarso
  • Carolyn Smith

Time:

  • afternoon
  • 8:00 a.m.

Percent:

  • 25 %
  • 6.294 %
  • 7.313 %
  • 28.233 %