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agrees to lease a portion of the Site from Landlord and to construct such public improvements <br />and facilities, all subject to applicable laws and to the express terms and conditions set forth in <br />this Lease. <br />In this factual context, Landlord and Tenant agree as follows: <br />ARTICLE I <br />DEFINED TERMS <br />Unless the context requires otherwise, the terms set forth in the captions of, and defined <br />in, this Article I shall have the meanings ascribed to them below. <br />Terms used in this Lease and not defined in this Article I shall have the meanings <br />ascribed to them elsewhere in this Lease. <br />Section 1.1 Applicable Laws <br />All federal, state, regional and local statutes, ordinances, codes, rules, regulations, <br />conditions of approval, and all legislative, administrative, or judicial orders, decrees, <br />requirements, rulings, or judgments, which now or in the future may govern or affect the Site or <br />any actions under this Lease. <br />Section 1.2 Base Rent <br />The rent due from Tenant pursuant to Section 3.1(A). <br />Section 1.3 Base Rent Commencement Date <br />The date that is the earliest of (i) ninety (90) days following Substantial Completion of <br />the Improvements or (ii) thirty (30) months following the Commencement Date or (iii) the date <br />on which Tenant commences operating the Facility as a conference center and hotel, provided <br />LEASE BETWEEN CITY OF SAN LEANDRO <br />AND SAN FRANCISCO BAY CONFERENCE RESORT <br />PAGE 2 <br />002574.0001\409817.4 <br />