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procedures, rent collection policies, tenant selection criteria <br />and eligibility requirements, rent schedules, and periodic <br />reviews by and /or regular meetings with the Lessor and /or its <br />designee with regard to any and all matters affecting the <br />Project. The Management Plan shall be prepared by Lessee in <br />close consultation with the Lessor and /or its designee. The <br />parties shall use their best efforts to complete the Management <br />Plan within four (4) months following execution of this Lease. <br />(bb) the form of Management Agreement; <br />(cc) the name and resume of the proposed <br />Management Agent. Upon the expiration or termination of the <br />current or then current 2 -year Management Agreement, Lessee shall <br />obtain Lessor's approval of the Management Agent prior to any <br />extension, renewal or change of the Management Agreement. Lessor <br />reserves the right, in its sole descretion, to approve the <br />current Management Agent or require a change of Management Agent . <br />(dd) Annual Operating Budget; and <br />(ee) such other documents regarding Lessee's <br />operation and management of the Project, as Lessor may reasonably <br />request. <br />Upon Lessor's approval of the above documents <br />and Management Agent, Lessee shall not make material changes to <br />the documents or change the Management Agent without the prior <br />written approval of Lessor. Lessee acknowledges that Lessor <br />shall have the right to approve all policies governing Lessee's <br />operation and management of the Project. This right is given to <br />Lessor in consideration of the substantial financial assistance <br />given to Lessee and the Project by Lessor. <br />(iii) to notify the Lessor promptly in writing of <br />any defect appearing in the Land or any part thereof or in any <br />C:GDLEASE.EHI -14- <br />