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TABLE OF CONTENTS <br />PART ONE: DEFINITIONS . ................ .......................................... 2 <br />PART TWO: THE DEVELOPMENT ...................................................... 4 <br />1.01 Development of Property A ............................................... 4 <br />1.02 Development of Property B ............................................... 4 <br />1.03 Development of the Yokota Property ........................................ 5 <br />1.04 Development of Properties at 936, 945, 872 and 846 Marina Boulevard ............. 6 <br />1.05 Auto Mall Reader Board Sian .............................................. 6 <br />PART THREE: DISPOSITION .......................................................... 6 <br />Article One: DEVELOPER'S PRE-DISPOSITION REQUIREMENTS ............................ 6 <br />. 1.01 Conditions Precedent .................................................... 6 <br />1.02 Approval of Development Plan ............................................. 6 <br />1.03 Construction Plans ...................................................... 7 <br />1.04 Identity of Dealership ....................... ........................... 7 <br />Article Two: AGENCY PRE-DISPOSITION REQUIREMENTS ................................. 7 <br />2.01 Conditions Precedent .................................................... 7 <br />2.02 Agency Acquisition of the Properties ........................................ 8 <br />2.03 Title Insurance Date ..................................................... 8 <br />2.04 Termination Based on Inability to Procure Title Insurance ........................ 8 <br />2.05 Parcel Map ............................................................ 8 <br />2.06 Publiclmprovements .................................................... 9 <br />Article Three: DISPOSITION OF PROPERTIES ............................................ 9 <br />3.01 Sale and Purchase ...................................................... 9 <br />3.02 Purchase Price ......................................................... 9 <br />3.03 Payment of Purchase Price ................................................ 9 <br />3.04 Condition of Title ....................................................... 10 <br />3.05 Costs of Escrow and Closing ............................................. 10 <br />3.06 Possession and Environmental Remediation of the Yokota Property .............. 10 <br />Article Four: CONSTRUCTION OF IMPROVEMENTS ...................................... 11 <br />4.01 City of San Leandro Approval ............................................. 11 <br />4.02 Construction Pursuant to Plans ........................................... 12 <br />4.03 Change in Construction Plans ............................................ 12 <br />4.04 Construction Plans Must Be Approved ................................... 12 <br />4.05 Building Permit ........................................................ 12 <br />