COMMUNITY DEVELOPMENT AGENCY-2008

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Section 1.04. Extended Term In the event Tenant is not then in default under this lease, Tenant shall have the option and right to extend the Original Term of this lease for up to two extensions of 10 years, commencing on the expiration of the Original Term and/or Extended Term. If Tenant elects to extend the term of this lease, Tenant must give Landlord written notice of Tenant's election to extend at least 30 days before expiration of the Original Term and/or Extended- Term. The written notice shall be deemed effective on personal delivery to Landlord at the Office of the Clerk of the Council or on the date it is deposited in the United States mail in accordance with the provisions of Section 12.03. During the Extended Term of this lease, if any, Landlord and Tenant shall be bound by all of the obligations, covenants, and agreements of this lease except that Tenant shall have no right to further extend the term of this lease beyond or after expiration of the second extended term granted under this section, unless agreed to in writing by the Landlord and Tenant. References throughout this lease to "the term of this lease" shall include both the Original Term and the Extended Terms, if any, unless otherwise indicated. Section 1.05. Holding Over Unless and until a new or amended lease is executed by the parties, in the event Tenant holds over and continues in possession of the Premises after expiration of the Original Term, when Tenant has not validly exercised its option to extend the term of the lease in accordance with Section 1.03, or after expiration of the Extended Term, when Tenant has validly exercised its option to extend the term of the lease in accordance with Section 1.04, Tenant's continued occupancy of the Premises shall be considered amonth-to-month tenancy subject to all the terms and conditions of this lease. Said holdover month-to-month tenancy may be terminated by the Landlord by thirty (30) days written notice, or in any other manner permitted by State law. Section 1.06 Early Termination Should Tenant fail to achieve each and every of the contingencies set forth in section 1.02 of this Lease on or before September 22.2009, then this Lease shall by its own terms terminate and be null and void for all purposes. ARTICLE 2 RENT Section 2.01. Annual Rent Tenant agrees to pay Landlord annual rent ("Annual Rent") for each year during the term of this lease in the amount of $2.00 (Two Dollars) per year for each year of this lease, including each ensuing year of this lease subject to the option to renew, pursuant to Section 1.04 of this lease. Rent shall be paid on or before April 1 of each year by a check in the amount of $1.00 (One Dollar) made payable to the City of Santa Ana, and a second check in the amount of $1.00 (One Dollar) made payable to the Community Redevelopment Agency of the City of Santa Ana. Section 2.02. Time and Place for Payment of Rent All Annual Rent provided for in Section 2.01 of this lease shall be paid by Tenant on an annual basis on the first day of each calendar year. Tenant may elect to pay the full amount due under the term of this lease on the original date of execution of this lease. All rent required under this lease shall be paid to Landlord at 20 Civic Center Plaza, M-30, Santa Ana, California, or any other place or places that Landlord may designate by written notice to Tenant.