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REVISED DDA SCHEDULE OF PERFORMANCE <br />(December 2022 Revision) <br />Effective Date of Developer Hotel Ground <br />Lease <br /> <br />Developer substantially completes Horizontal <br />Improvements for Developer Hotel Element <br />Within 24 months of commencement of <br />construction of Horizontal Improvements <br />for Developer Hotel <br /> <br />Developer completion all of the remaining Post- <br />Commencement Ground Lease Requirements for <br />Hotel Element <br />Prior to the first to occur of 1) Permit <br />Issuance for Vertical Improvements for <br />Developer Hotel Element, or 2) 75 months <br />following Effective Date of Developer <br />Hotel Lease <br /> <br />Developer commences construction of Vertical <br />Improvements for Developer Hotel Element <br /> <br />Within the first to occur of 1) 90 days of <br />Permit Issuance for Vertical Improvements <br />for Developer Hotel, or 2) 78 months <br />following Effective Date of Developer <br />Hotel Ground Lease <br /> <br />Developer completion of Construction of Vertical <br />Improvements and receives Temporary <br />Certificate of Occupancy (TCO) for the <br />Developer Hotel. <br /> <br />Within 42 months after Permit Issuance for <br />Vertical Improvements for Developer <br />Hotel <br /> <br />Developer Hotel opens for business to the public <br /> <br />Within 90 days after receipt of Temporary <br />Certificate of Occupancy (TCO) for <br />Developer Hotel <br /> <br />Rent Commencement Date occurs The earliest to occur of: 1) 90 days after <br />receipt of TCO, 2) 46 months after Permit <br />Issuance for Vertical Improvements for <br />Developer Hotel, or 3) 60 months <br />following Effective Date of Developer <br />Hotel Ground Lease <br /> <br />9. Multifamily Element <br /> <br /> <br />All conditions precedent to commencement of <br />Multifamily Ground Lease (except for the Post- <br />Commencement Conditions) are satisfied or <br />waived by the parties. <br /> <br />By December 31, 2022 <br />Effective Date - Execution and commencement of <br />Multifamily Ground Lease occurs. <br /> <br />By December 31, 2022.