Reso 1998-059 (Missing 1996-056 through 1996-058)

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necessary permits, licenses and other approvals and (ii) Tenant has at all times proceeded, and continues to proceed, with due diligence in its efforts to obtain all necessary permits, licenses and approvals, then Landlord shall not have the right to terminate this Lease and the Development Agreement under this Section 2.2(A) unless Tenant has not commenced construction of the Improvements by the date that is three (3) months following the Milestone Date for commencement of construction set forth on Exhibit B. In addition, any failure by Landlord to reasonably cooperate with Tenant's efforts to obtain any required permits, licenses or approvals from the City of San Leandro, as required under Section 13.2(A), shall be deemed an element of Force Majeure for purposes of the provisions of this Section 2.2(A). B. Delivery of Quitclaim Deed. Upon execution of this Lease, Tenant shall execute and deliver to Landlord an executed and acknowledged quitclaim deed, in recordable form and in the form of the attached Exhibit J. Landlord shall hold such quitclaim deed and record it with the Alameda County Recorder only upon termination of this Lease by Landlord pursuant to the provisions of Section 2.2(A) or 13.2(B). If Landlord's termination rights under Section 2.2(A) and 13.2(B) expire by lapse of time, by Landlord's failure to exercise its termination right within the time specified, by Tenant's achievement of the Milestone Events by the corresponding Milestone Dates therefor and/or by Tenant's satisfaction of the conditions set forth in Section 13.2(B) within the time specified, Landlord shall return the quitclaim deed to Tenant. Section 2.3 Options to Renew If this Lease shall not have been previously terminated, Tenant shall have the option to extend the Initial Term of this Lease on the same terms and conditions as set forth in this Lease LEASE BETWEEN CITY OF SAN LEANDRO AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 12 002574.0001\409817.4