Agmt 2010 Optimist Club of San Leandro

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LEASE AGREEMENT THIS LEASE AGREEMENT (the "Lease") is dated for convenience as of thlay of2010 by and between the City of San Leandro, a municipal corporation, hereinafter referred to as "City" "Landlord" or "Lessor," and the Optimist Club of San Leandro, a California corporation, hereinafter referred to as "Tenant" or "Lessee" and together referred to as "Parties" PREMISES: AS IS CONDITION: Leased Premises: The premises (the "Premises") leased to Tenant under this Lease shall be all the land situated in the City of San Leandro, Alameda County, California described and depicted in the attached Exhibit A. Subject to the provisions of this Lease, Landlord leases to Tenant and Tenant leases from Landlord the Premises depicted in the attached Exhibit A, attached hereto and made a part hereof. The Premises shall comprise only those areas identified in the attached Exhibit A, and as further described herein. A. As Is Condition: Tenant acknowledges and agrees that the Premises are being leased and accepted in their "as is" condition, without representation or warranty of any kind, and subject to all applicable laws, rules and ordinances governing their use, occupancy and possession. Tenant represents and warrants to Landlord that Tenant has investigated and inspected, independently or through agents of Tenant's own choosing, the condition of the Premises and the suitability of the Premises for Tenant's intended use. Tenant has determined, based solely on its own investigation, that the Premises are suitable for Tenant's business and intended use. Tenant acknowledges and agrees that neither Landlord nor any of its agents have made, and Landlord hereby disclaims, any representations or warranties, express or implied, concerning the Premises, the physical or environmental condition of the Premises or any other property beneath, adjacent to, or otherwise related to the Premises, the present or future suitability of the Premises for Tenant's business or Tenant's intended uses of the Premises, or any other matter whatsoever relating to the Premises, including, without limitation, any implied warranties of merchantability or fitness fora particular purpose, or any defects, latent or patent. 2. TERM OF LEASE: The term of this Lease is five (5) years commencing May 1, 2012 (hereafter "Commencement Date") and expiring at midnight on May 1, 2017 (hereafter "Expiration Date"). This Lease shall automatically commence at midnight, May 1, 2012 ("Lease Commencement Date"). Upon mutual agreement of the Parties, this Lease maybe extended for three (3) additional five-year terms. The rent amount shall be adjusted at the beginning of each of these terms at an amount acceptable to both Parties. 3. BASE RENT: Tenant shall pay rent to Landlord for the Premises during the term hereof in the amount of Five Hundred 00/100 Dollars ($500.00) per year on or before January 1 of each year. All sums payable by Tenant to Landlord hereunder shall be paid by good check to the City of San Leandro, Department of Finance, 835 E. 14th Street, San Leandro, California, 94577, or such other place as Landlord may designate in writing. A. Late Charge: A late charge equivalent to fifty percent (50%) of any Rent, or any portion of Rent, or any portion thereof due and unpaid for more than fifteen (15) days, shall be paid by