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INSURANCE ON FILE <br />WORK MAY PROCEED <br />UNTIL INSURANCE EXPIRES <br />~- l_o~ <br />CLERK OF COUNCIL <br />DATEa ~-~ I-O~ <br />~. C~D~ ~IAdm; h ~z~ <br />~G~VOI~t~ ~LCI ~~'Y'~Jjh <br />LEASE AGREEMENT <br />BETWEEN <br />THE CITY OF SANTA ANA <br />AND <br />THE IRVINE COMPANY LLC <br />N-2008-081 <br />DO NOT RECORD <br />THIS AGREEMENT ("Agreement") is made and entered into this ~ day of <br />y f P~ , 2008, by and between the City of Santa Ana, a charter city and municipal <br />corporation, duly organized and existing under the constitution and laws of the State of <br />California, herein referred to as "Landlord", and The Irvine Company LLC, Delaware <br />limited liability company, herein referred to as "Tenant". <br />The parties hereto agree as follows: <br />ARTICLE 1 -TERM OF LEASE <br />Section 1.01 Premises and Use <br />(a) Landlord owns the real property described in Exhibit "A" attached hereto <br />acid made a part hereof (the "Property"), commonly know as The Depot at <br />Santa Ana located at 1000 East Santa Ana Boulevazd, Santa Ana, <br />California. Landlord hereby rents to Tenant sole use of the area <br />designated as the 4`h Floor of The Depot (The Heritage Room referred to <br />herein as the "Premises") for Tenant to provide recruiting services for <br />employment at the resort at Pelican Hill. Tenant is accepting the Premises <br />in an "as-is" condition. <br />(b) Tenant's use of the Premises shall be comprised of office hours of 8:30 <br />a.m. until 7 p.m., Monday through Sunday. For any use exceeding such <br />hours shall be subject to 7 days prior notice to Landlord, with Tenant <br />required to pay Landlord's costs for such extended usage. <br />(c) Tenant hereby accepts the Premises in their condition existing as of the <br />Commencement Date of this Agreement. <br />(d) Any signage Tenant intends to place upon the Premises is subject to prior <br />approval of the Landlord, and must be compliant with The Depot <br />guidelines as well as City of Santa Ana local regulations. <br />(e) Upon the expiration or termination of this Agreement, Tenant shall <br />surrender the Premises to Landlord in good and clean condition, less <br />ordinary wear and teaz. <br />SDH\30209.07043679112 6/I b/2008 <br />