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may be. In no event shall Tenant have any right to extend the Term beyond the Second <br />Extension Term. <br />Section 2.4 Prevailing Wages <br />Tenant agrees that in the construction of the Improvements under this Lease, Tenant shall <br />comply with the Public Works Prevailing Wage Requirements attached to this Lease as <br />Exhibit D. <br />ARTICLE III <br />RENT <br />Section 3.1 Payment of Rent <br />Tenant shall pay rent during the Term of this Lease as follows: <br />A. Base Rent. Commencing on the Base Rent Commencement Date and continuing <br />on the first day of each of the three hundred fifty-nine (359) immediately succeeding calendar <br />months, Tenant shall pay Landlord fixed monthly rent ("Base Rent") as follows: <br />Months 1-36: <br />Months 37-48: <br />Months 49-60: <br />Months 61-360: <br />B. [Intentionally deleted] <br />$20,833.33/month ($250,000/year) <br />$41,666.67/month ($500,000/year) <br />$62,500.00/month ($750,000/year) <br />$83,333.33/month ($1,000,000/year) <br />C. Payment of Base Rent. Base Rent shall be paid in equal installments monthly in <br />advance commencing on the Base Rent Commencement Date and on the first day of each of the <br />LEASE BETWEEN CITY OF SAN LEANDRO <br />AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 14 <br />002574.0001\409817.4 <br />