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credits including but not limited to California Revenue and Taxation Code Sections 17057 5, 17058, 23610 4, and 23610 5 and California Health and Safety Code Section 50199, et seq (yy) Tax Credit Restnctive Covenant. The agreement with TCAC to be executed by Lessee and properly recorded against the Lessee's Estate in the land records of the County, setting forth certain terms and conditions under which one-hundred thirty-one (131) of the residential units in the Improvements will be operated (zz) TCAC means the California Tax Credit Allocation Committee (aaa) Tenant(s) Any tenant, sublessee or licensee of Lessee under any Tenant Lease(s). (bbb) Tenant Lease(s): Any lease or license agreement entered into by Lessee with residents of the residential units to be developed on the Land. (ccc) Term- The period of time described in Section 2 2 hereof. (ddd) Transfer Any sale, assignment, transfer, conveyance, lease, sublease, encumbrance, mortgage, or hypothecation, in any manner or form or any agreement to do any of the foregoing. Section 1 2 Exhibits The Exhibits referred to in this Lease and attached hereto are. Exhibit A. Legal Description of the Land Exhibit B Site Map of the Land Exhibit C• Memorandum of Lease Exhibit D: Financing Plan ARTICLE 2 LEASE OF THE LAND Section 2.1 Lease of Land Subject to the terms hereof and in consideration of the covenants of payment and performance stipulated herein, Lessor leases the Land to Lessee, and in consideration thereof, Lessee takes, hires and leases the Land from the Lessor, pursuant to the terms of this Lease. Section 2 2 Term. Unless sooner terminated pursuant to the provisions hereof, this Lease shall continue in full force and effect for a term ("Term"), commencing on the Commencement Date and expiring on midnight the day immediately preceding the seventy-fifth (751h) anniversary thereof Section 2 3 Use. Subject to the provisions hereof, Lessee shall use the Leased Premises for the construction and operation of the Project, which includes the construction, development and operation of the Improvements on the Land in accordance with the restrictions and requirements set forth in Article 3 hereof. Further, Lessee agrees: 7 191\52\1656915 8 OAK#4834-9609-1684 v9