Recording Requested by Stewart Title-Lease Agreement- City of Buena Park

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ARTICLE IV LEASE OF LEASED PREMISES; TERM OF THIS LEASE _AGREEMENT; LEASE PAYMENTS._ Section 4.1. Lease of Leased Premises. The Authority hereby leases the Leased Premises to the City, and the City hereby leases the Leased Premises from the Authority, upon the terms and conditions set forth in this Lease Agreement. Section 4.2. Term of Lease. This Lease Agreement shall take effect on the date hereof, and shall end on the earlier of August 1, 2011, or such earlier date on which the Bonds shall no longer be Outstanding under the Indenture. If, on August 1, 2011, the Indenture shall not be discharged by its terms or if the Lease Payments payable hereunder shall have been abated at any time and for any reason, then the Term of this Lease Agreement shall be extended until there has been deposited with the Trustee an amount sufficient to pay all obligations due under the Lease Agreement, but in no event shall the Term of this Lease Agreement extend beyond August 1, 2021. Notwithstanding the foregoing, the Term of the Lease Agreement shall not end so long as any amounts are owed to the Municipal Bond Insurer with respect to the Municipal Bond Insurance Policy. Section 4.3. Lease Payments. (a) Obligation to Pay. In consideration of the lease of the Leased Premises from the Authority hereunder and subject to the provisions of Section 6.2, the City agrees to pay to the Authority, its successors and assigns, as rental for the use and occupancy of the Leased Premises during each Fiscal Year, the Lease Payments (denominated into components of principal and interest) for the Leased Premises in the respective amounts specified in Exhibit C hereto, to be due and payable on the respective Lease Payment Dates specified in Exhibit C hereto. Any amount held in the Bond Fund, the Interest Account or the Principal Account allocable to the City(other than amounts resulting from the prepayment of the Lease Payments in part but not in whole pursuant to Section 4.4) on any Lease Payment Date shall be credited towards the Lease Payment then due and payable. The Lease Payments coming due and payable in any Fiscal Year shall be for the use of the Leased Premises for such Fiscal Year. (b) Effect of Prepayment. In the event that the City prepays all Lease Payments in full pursuant to Section 4.4,together with all Additional Payments then due and payable,the City's obligations under this Lease Agreement shall thereupon cease and terminate,including but not limited to the City's obligation to pay Lease Payments under this Section 4.3. In the event that the City prepays the Lease Payments in part but not in whole pursuant to Section 4.4, the principal components of the remaining Lease Payments shall be reduced in such order of payment date as the City elects (and if no specific order is designated) in inverse order of payment date in integral multiples of$5,000, in any event as shall correspond to the respective principal amounts of the Bonds allocable to the City remaining after the related redemption thereof; and the interest component of each remaining Lease Payment shall be reduced by the aggregate corresponding amount of interest which would otherwise be payable with respect to the Bonds allocable to the City thereby redeemed pursuant to Section 4.01(b) of the Indenture. (c) Rate on Overdue Payments. In the event the City should fail to make any of the payments required in this Section 4.3, the payment in default shall continue as an obligation of the City until the amount in default shall have been fully paid, and the City agrees to pay the same with interest thereon,from the date of default to the date of payment at the highest rate -8-