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C Developer Responsibilities As a condition precedent to the Agency obligation to sell and convey the Property to the Developer, the Developer shall: Submit to the Agency a Final Development Plan and Preliminary Pro Forma for the development of the Property, substantially consistent with the Development Concept Plan and the Redevelopment Plan. 2. Submit to the Agency construction plans based upon the Final Development Plan. Submit to the Agency plans for financing the acquisition of the Property and construction of the improvements, along with a Project Budget. 4. Obtain all Agency and City approvals of all design plans and construction permits for the Project, including building permits. Pay all customary and reasonable fees and charges of the City of San Leandro in connection with the processing and consideration of the City permits and approvals required for the Project. h. Prior to conveyance of the Property, the Developer will have signed lease agreements for the grocery store, drug store, video store, and at least one fine.. dining restaurant tenant. Presuming that the above conditions are met, and subject to the specific terms and conditions stated in the Agreement, the Developer shall: 1. Purchase the Developer Parcel from the Agency for the agreed upon price in the DDA, with the Developer required to spend an additional $1,000,000 for architectural and site upgrades, as detailed above, pursuant to the terms and conditions of the DDA 2. Develop and constrict all improvements on the Property in accordance with the approved Construction Plans and within the time frame specified in the Agreement. 3. The Developer will work with the local organization Friends of the Creek and other interested parties on creek access, creek clean-up and improvements, relationship of buildings to creek, etc. 19100/0001.001.doc 163 KEYS ER M A RSTON A SSOCI ATES INC. Page 5