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Section 3.5 Rent The term "Rent" as used in this Lease shall include Base Rent, Percentage Rent and any and all other amounts payable by Tenant hereunder, whether payable to Landlord or to third parties. Section 3.6 No Abatement Except as otherwise expressly provided in this Lease, in no event shall Tenant be entitled to any abatement, set-off or reduction in Base Rent, Percentage Rent or other Rent payable hereunder. Section 3.7 Security Reserves On the Amortization Commencement Date, Tenant shall execute and deliver to Landlord a promissory note (the "Security Reserve Note") in the principal amount of Five Hundred Thousand Dollars ($500,000) and otherwise in the form of the attached Exhibit K. On the delivery of the Security Reserve Note to Landlord, Landlord shall be deemed to have loaned to Tenant, and Tenant shall be deemed to have deposited with Landlord the sum of Five Hundred Thousand Dollars ($500,000), which amount shall be held by Landlord as security for the faithful performance by Tenant of Tenant's obligation to pay Base Rent (the "Security Deposit"). If Tenant defaults with respect to its obligation to pay Base Rent, Landlord may (but shall not be required to) use, apply or retain all or any part of the Security Deposit to the payment of the Base Rent in default, or for the payment of any amount which Landlord may spend or become obligated to spend by reason of Tenant's default in the payment of Base Rent, or to compensate Landlord for any other loss or damage LEASE BETWEEN CITY OF SAN LEANDRO AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 22 2574001\313983.8