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<br />i <br />ARTICLE 1. Definitions ................................................................................................................2 <br />Section <br />1.1........................................................................................................... Definitions. <br />..................................................................................................................................2 <br />Section <br />1.2............................................................................................................... Exhibits. <br />..................................................................................................................................5 <br />ARTICLE 2. Lease of the LAND..................................................................................................5 <br />Section 2.1.................................................................................................. Lease of Leased <br />Premises. .................................................................................................................5 <br />Section <br />2.2.................................................................................................................... Term. <br />..................................................................................................................................5 <br />Section <br />2.3....................................................................................................................... Use. <br />..................................................................................................................................6 <br />Section <br />2.4............................................................................................................ Possession. <br />..................................................................................................................................6 <br />Section 2.5 As-Is Condition. Lessor shall deliver possession of the Property to Lessee on <br />the Commencement Date, in its As-Is Condition, and Lessee hereby <br />accepts the Property in its As-Is Condition. Neither the Lessor, nor any <br />officer, employee, agent or representative of the Lessor has made any <br />representation, warranty or covenant, expressed or implied, with respect to <br />the Leased Premises, the Project, the condition of the soil, subsoil, <br />geology or any other physical condition of the Leased Premises, the <br />condition of any improvements, any environmental laws or regulations, <br />the presence of any Hazardous Substances on the Leased Premises, or any <br />other matter affecting the use, value, occupancy or enjoyment of the <br />Leased Premises, the suitability of the Leased Premises for the uses <br />permitted by this Ground Lease, the suitability of the Leased Premises for <br />the Project, construction of the Project, or construction or use of the <br />Improvements on the Leased Premises, and Lessee understands and agrees <br />that the Lessor is making no such representation, warranty or covenant, <br />expressed or implied, it being expressly understood that the Leased <br />Premises is being leased in its As-Is Condition with respect to all matters. <br />Lessee acknowledges that it has had the advice of such independent <br />professional consultants and experts as it deems necessary in connection <br />with its investigation and study of the Leased Premises, and has, to the <br />extent it deemed necessary, independently investigated the condition of <br />the Leased Premises, including the soils, hydrology, seismology, and DRAFT