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TABLE OF CONTENTS <br />PAGE <br />i <br />4859-3312-3005v4 <br />ARTICLE 1. DEFINITIONS .................................................................................................... 1 <br />Section 1.1 Definitions.................................................................................................. 1 <br />Section 1.2 Exhibits ...................................................................................................... 7 <br />ARTICLE 2. LEASE OF THE LAND ...................................................................................... 7 <br />Section 2.1 Lease of Land ............................................................................................. 7 <br />Section 2.2 Term ........................................................................................................... 7 <br />Section 2.3 Use ............................................................................................................. 7 <br />Section 2.4 Possession .................................................................................................. 8 <br />Section 2.5 Memorandum of Lease .............................................................................. 8 <br />Section 2.6 AS-IS Conveyance………………………………………………………..8 <br />Section 2.7 Lessee to Rely on Own Experts…………………………………………..9 <br />ARTICLE 3. THE IMPROVEMENTS <br />Section 3.1 Construction ............................................................................................... 9 <br />Section 3.2 Liens ......................................................................................................... 10 <br />Section 3.3 Permits, Licenses and Easements …………………………………. <br />Section 3.4 Title to Improvements .............................................................................. 11 <br />Section 3.5 Benefits of Improvements During Term .................................................. 11 <br />ARTICLE 4. RENTS .............................................................................................................. 12 <br />Section 4.1 Ground Rent ............................................................................................. 12 <br />Section 4.2 Payments .................................................................................................. 12 <br />ARTICLE 5 TAXES AND OTHER IMPOSITIONS; UTILITIES ...................................... 12 <br />Section 5.1 Payment of Impositions ........................................................................... 12 <br />Section 5.2 Possessory Interest Taxes ........................................................................ 13 <br />Section 5.3 Contested Taxes and Other Impositions .................................................. 13 <br />Section 5.4 Valuation Assessment/Property Tax Exemption ..................................... 13 <br />Section 5.5 Failure to Pay Impositions ....................................................................... 13 <br />Section 5.6 Utilities ..................................................................................................... 13 <br />ARTICLE 6. INSURANCE .................................................................................................... 14 <br />Section 6.1 Required Insurance Coverage .................................................................. 14 <br />Section 6.2 Insurance Policies and Premiums ............................................................ 15 <br />Section 6.3 Proceeds of Insurance .............................................................................. 16 <br />ARTICLE 7. MAINTENANCE, ALTERATIONS, REPAIRS AND <br />REPLACEMENTS ............................................................................................ 17 <br />Page 78 of 428