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Section 1.28 Tenant's Note <br />The promissory note delivered by Tenant to Landlord pursuant to the Development <br />Agreement. <br />Section 1.29 Term <br />The term of this Lease as described in Sections 2.2 and 2.3. <br />Section 1.30 Transaction Documents <br />This Lease, the Development Agreement, Tenant's Note and any other documents to <br />be executed and/or delivered by or between Landlord and Tenant to implement the <br />transaction and activities described in this Lease. <br />ARTICLE II <br />LEASE OF PREMISES; TERM <br />Section 2.1 Lease of Premises <br />Landlord hereby leases the Premises to Tenant, and Tenant hereby leases the <br />Premises from Landlord, for the Term and subject to the terms and conditions set forth in <br />this Lease. <br />Section 2.2 Commencement Date <br />The Term shall commence upon the execution and delivery of this Lease by Landlord <br />and Tenant (the "Commencement Date"), and shall continue for a period of thirty (30) years <br />(the "Initial Term") from the earlier of (i) ninety (90) days following Substantial Completion <br />of the Improvements or (ii) thirty (30) months following the Commencement Date. <br />LEASE BETWEEN CITY OF SAN LEANDRO <br />AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 9 <br />2574001\313983.8 <br />