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HomeMy WebLinkAbout2000-09-18 City Council (29)C ty of Palo 7 Manager’s Report TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT:CITY MANAGER’S OFFICE DATE:SEPTEMBER 18, 2000 CMR: 353:00 SUBJECT:APPROVAL OF AN IMPLEMENTATION AGREEMENT WITH THE PALO ALTO MEDICAL FOUNDATION (PAMF) REGARDING THE LJ~ASE OF LAND ,AT RAMONA STREET AND CHANNING AVENUE FOR A CHILD CARE CENTER; APPROVAL OF THE LEASE AGREEMENT BETWEEN PAMF AND CHILDREN’S CREATIVE LEARNING CENTERS (CCLC); AND APPROVAL OF FEE WAIVERS IN AN AMOUNT NOT TO EXCEED $50,000 TO FACILITATE THE DEVELOPMENT OF THIS CENTER ’ REPORT IN BRIEF At its July 12, 1999 meeting, Council approved the issuance of a Request for Proposals to find a qualified child care organization to build and run a downtown child care center to serve the community and City employees on land at Ramona Street and Channing Avenue. The land was provided through a development agreement with the Palo Alto Medical Foundation (PAMF). Children’s Creative Learning Centers (CCLC) has been selected as the center developer/operator. This staff report recommends that Council approve: an agreement with PAMF to implement the terms of the Development Agreement; the lease agreement between PAMF and CCLC; and staff’s recommendation to waive City fees associated with the development of the center in accordance with the City’s Public/Private Partnership Policy. CMR:353:00 Page 1 of 7 RECOMMENDATION Staff recommends that the City Council: 1. Approve an agreement with the Palo Alto Medical Foundation (PAMF) to implement PAMF’s obligation under the Development Agreement to lease the site at Ramona Street and Channing Avenue for the development and operation of a downtown child care center. 2.Approve the lease of the Ramona/Channing site from PAMF to Children’s Creative Learning Centers (CCLC) for the development and operation of a downtown child care center. 3.Approve a waiver of City planning, building, utility connection and other fees related to CCLC’s development of the downtown child care center in the amount not to exceed $50,000, in accordance with the Council’s Public/Private Partnership Policy. BACKGROUND In 1991, as part of a development agreement, PAMF agreed to lease to the City of Palo Alto land at the comer of Channing Avenue and Ramona Street for the purpose of establishing a downtown child care center. The City’s right to lease the property, currently a parking lot, was for a term of 35 years at a cost of one dollar per year. Facilitating the development of a downtown child care center was determined to be a logical continuation of the City’s long history of commitment to child care. Furthermore, the need for additional child care capacity in Palo Alto, particularly for infants, toddlers and preschool age children, and particularly in the downtown area, was widely acknowledged. Staff hired a consultant to conduct a feasibility study which concluded that an economically viable child care center for infants, toddlers and preschoolers could be developed on the Channing/Ramona site. Staff transmitted this feasibility study to the City Council at its July 12, 1999 meeting (CMR:276:99).. Since the City did not have the staff or capital resources to develop the site as a child care center or to operate the center once constructed, staff proposed to issue a Request for Proposals (RFP) to find a qualified child care organization to build and run a downtown center to serve the community and City employees. As identified in CMR:276:99, the City’s role was to provide the land and act as a partner, facilitating the design review process and waiving development fees as appropriate. The Council approved the issuance of an RFP and authorized the City Manager to enter into a land lease to provide the selected child care organization with the use of the land at Ramona Street and Channing Avenue. CMR:353:00 Page 2 of 7 DISCUSSION Selection of a Child Care Center Developer/Operator A selection committee was formed with representatives from the City Manager’s Office, Human Services Division and Administrative Services Department as well as parents from City staff and representatives of the City’s Child Care Advisory Committee and South of Forest Avenue Coordinated Area Plan Working Group. The RFP was issued on July 13, 1999 and a bidders conference was held on July 28. The RFP closed on August 13; five proposals were received. Proposals described the child care services to be offered, including child to staff ratios, parent fees, staff salaries and training. Proposals also included a preliminary center design, construction budget and schedule, and a statement of projected revenue and expense for the center’s operation. The selection committee reviewed all proposals and carefully analyzed the proposers’ capability to construct the center and provide a high quality child care program. Based on this review, four proposers were selected as finalists and were interviewed. Each of the finalists presented strengths that they would bring to the creation of a downtown child care center. The strongest and most comprehensive proposal was put forth by Children’s Creative Learning Centers (CCLC). Founded in 1992, CCLC provides high quality child care to families in its six Bay Area centers, including a center in Palo Alto. CCLC has experience financing and overseeing the construction of child care centers. Given the narrow margins faced by most child care operators, staff was aware that securing construction financing and servicing the resulting debt payments might be a stumbling block for a child care organization. CCLC was the only organization able to present a plan for financing, constructing and operating the downtown center that would not require a subsidy from the City in order to avoid substantial losses. In addition, the selection committee looked carefully at the factors that contribute to child care quality, including child to staff ratios, child group sizes, and staff tumover, education and salary. The child care program proposed by CCLC met the City’s requirements for quality and was in all instances comparable or superior to the programs described by the other proposers. CCLC has committed to become accredited by the National Ass.ociation for the Education of Young Children, thus guaranteeing the City that the center will meet stringent quality standards. Another strength of the CCLC proposal was the commitment to give City employees priority enrollment for 20 percent of the center’s child care slots. This aspect of the proposal responded to the RFP requirement that the downtown center serve both the community and City employees. This requirement was included in recognition of the CMR:353:00 Page 3 of 7 importance of child care as an element of the City’s efforts to improve employee recruitment and retention. After due diligence, which included a careful review of CCLC’s financial statements, reference checks with CCLC’s staff and customers, and a second interview, the selection committee chose CCLC as the organization best able to develop and operate a downtown center that would meet the community’s and the City’s expectations for high quality child care. Lease Agreement Although the original Development Agreement envisioned a lease from PAMF to the City and a sublease from the City to a child care operator, the parties have agreed that PAMF will lease the site directly to CCLC. Under this arrangement, the City will have the right to find a substitute child care operator for the duration of the term in the event CCLC were to default and its construction lender did not exercise its right to cure the default. During any such interim period between child care operators, the City would be obligated to maintain and insure the site as if it were the lessee. In the event of default, CCLC’s lender would be subject to all the terms and conditions of the lease, including the use restriction to child care only. Further, the lease cannot be amended without consent of the City. The lease provides that PAMF may require that the child care facility be demolished at no cost to PAMF at the end of the lease term. The lease provides that CCLC must provide a security deposit of $25,000, payable in installments, to cover its obligation to demolish the facility at the end of the lease should PAMF require this. However, in keeping with the City’s rights to keep the property available for child care for the entire thirty-five years, the lease requires the City to assume the demolition obligation to the extent CCLC has not paid the full $25,000. Because of the City’s rights under the lease, the City is a party to the lease agreement. Implementation Agreement The Implementation Agreement between PAMF and the City essentially sets the stage for the lease.of the site by PAMF to CCLC. It restates the original requirement to lease the site for child care, which is the last surviving term from the original Development Agreement. It authorizes the lease directly from PAMF to CCLC and gives the City the right to determine whether to approve any subsequent proposed operator, as well as to determine that an operator/lessee is not meeting agreed-upon operating standards, which would constitute a default under the lease agreement. Public/Private Partnership.Proposal At its July 12, 1999 meeting, Council approved staff’s recommendation to select a child care organization and provide this organization with use of the land and other assistance CMR:353:00 Page 4 of 7 (CMR:276:99). Staff recommends that this assistance be provided in accordance withthe City’s Public/Private Partnership Policy (Policy and Procedure 1-25). Approved by the City Council in February 1994, the policy defines public/private partnerships as cooperation between the City and private sector or nonprofit organizations in providing services, facilities or other capital projects to the community. The policy states that the City shall encourage the development of public/private partnerships for public benefit through such means as fee waivers and facilitation of proposals through the City’s regulatory process. Fee waivers are to be limited to "capital projects that result in a new or improved public facility, building or park that will be solely owned or controlled by the City." While the downtown child care center will not be owned or controlled by the City, staff believes the waiver of fees is appropriate for several reasons. First, PAMF has given the City rights to the land for 35 years expressly for the purpose of child care. While the City could have developed the center itself, it chose not to do so since it did not have the capacity to take on an additional capital project and did not want to assume programmatic responsibility or commit operating funds on an ongoing basis. Instead, the City determined that it would select a child care organization to build and run the center and thus provide a service determined by the City’s Child Care Advisory Committee, Council and staff to be of critical importance to the community. The type of child care center to be developed - one serving infants, toddlers and preschoolers - was determined by the City. The process for selecting this child care organization was initiated and controlled solely by the City and City staff will be responsible for ensuring that the center meets the City’s operating standards. A second reason to waive fees for the downtown child care center is that such assistance is consistent with the City’s history of supporting child care in Palo Alto. Through the Lease and Covenant Not to Develop, the City currently contracts with several child care organizations to provide school-age child care at 11 Palo Alto Unified School District elementary schools. The City sets the lease rates offered to these organizations at significantly below market rates because of its commitment to providing child care. Finally, while the land for the downtown child care center will be leased to CCLC at essentially no cost (one dollar per year), CCLC will be responsible for a significant annual expense to service the debt it will incur to construct the center. CCLC bears this expense - and all of the risk of financing and constructing a new facility - in place of renting a finished center and will likely pay more on a square footage basis in annual debt service payment than the rent the City charges for the school-age programs. It is widely acknowledged that providing quality child care is very expensive. Child care providers are challenged to keep parent fees affordable while maintaining salary levels and making other investments necessary to keep quality standards high. Therefore, it is in the City’s CMR:353:00 Page 5 of 7 interest to do what it can to minimize City-controlled costs that CCLC will need to incur to establish the downtown center. Motivated by these compelling reasons to use the Public/Private Partnership Policy to support the downtown center, the staff public/private committee met and developed a proposal. The committee identified a variety of City fees that CCLC may be required to pay, including: fees for Architectural Review Board.(ARB) applications; environmental review documentation; building, fire sprinkler/alarm, and other permits; plan checks; street work permits, and utility connections. The committee proposes that the City Council approve a waiver of such fees in an amount not to exceed $50,000. Using the City Manager’s Contingency, staffwill also reimburse CCLC for the cost of a soils assessment estimated at $6,000. This assessment was done to ensure that the property was safe and ready for development. In addition to the above financial assistance, staff will help CCLC navigate the City’s development review process. Review of the preliminary center designs developed by CCLC has already begun in order to identify and resolve issues, such as parking and circulation, that will be key to an appropriate design and a timely and successful review process through the ARB. Staff will also facilitate CCLC’s outreach to the neighbors of the center to identify and address any resident concerns. RESOURCE IMPACT The fee waiver recommended by staff is not to exceed $50,000. City General Fund and Utility Fund revenues therefore would be reduced by a total of up to $50,000. Since minor revenue changes are not reflected in the budget, no budget amendment is required. The waiver of fees will be taken into account in the Development Center cost recovery analysis and in regularly produced variance reports if actual revenues are significantly below projected revenues. In addition, $6,000 will be expended from the City Manager’s contingency to reimburse CCLC for the cost of a soils assessment on the Channing/Ramona site. POLICY IMPLICATIONS Facilitating the provision of child care in Palo Alto is consistent with existing City policy. The City created the Child Care Advisory Committee in 1995 to promote an increase in the supply of quality child care. Under Comprehensive Plan Goal C-3, which calls for improved services for children, there are six policies that address the issue of child care. Among these, Policy C-16 says the City should "identify existing or potential locations CMR:353:00 Page 6 of 7 for child and/or senior care in public facilities and actively promote the establishment of such facilities." In addition, the establishment of a downtown child care center is included in the South of Forest Avenue (SOFA) Coordinated Area Plan. Use of fee waivers to promote public/private partnerships is established in Policy and Procedure 1-25. Staff has been thoughtful in its application of this policy to ensure that no undesired precedent is set. The proposed fee waivers are appropriate since the land on which the center will be built is under City control and the scope of the child care center project and the process for selecting a center developer/operator was controlled by the City. TIMELINE Following execution of the lease, CCLC will submit an application to the City for review by the ARB. Staff anticipates that CCLC will complete the development review and building permit process and be ready to begin center construction by January 2001. The anticipated completion date for the center is September 2001. ENVIRONMENTAL REVIEW The development of a child care center at Ramona Street and Channing Avenue was included in the Environmental Impact Report (EIR) done for the SOFA Coordinated Area Plan. The child care center currently proposed by CCLC is consistent with the parameters analyzed in the SOFA plan EIR. Staff does not anticipate that additional environmental review will be necessary. PREPARED BY: CITY MANAGER APPROVAL: ATTACHMENTS Audrey Seymour, Senior Executive Assistant SON Assistant City Manager Attachment A Attachment B: Implementation Agreement between the City and PAMF Lease Agreement between PAMF and CCLC Palo Alto Medical Foundation Children’s Creative Learning Centers CMR:353:00 Page 7 of 7 This document is recorded for the benefit of the City of Palo Alto and is entitled to be recorded free of charge in accordance with Section 6103 of the Government Code. After Recordation, mail to: OFFICE OF THE CITY ATTORNEY 250 Hamilton Avenue Palo Alto, CA 94301 IMPLEMENTATION AGREEMENT Between PALO ALTO MEDICAL FOUNDATION FOR HEALTH CARE, RESEARCH, AND EDUCATION, A California Nonprofit Public Benefit Corporation and CITY OF PALO ALTO, CALIFORNIA A Chartered City Gray CarykPA\10048078.4 1160530-901700 IMPLEMENTATION AGREEMENT This Implementation Agreement ("Agreement") is enacted and entered into as of the day of ,2000 ("Effective Date"), between the CITY OF PALO ALTO ("City"), a chartered city and California municipal corporation, and the PALO ALTO MEDICAL FOUNDATION FOR HEALTH CARE, RESEARCH, AND EDUCATION ("Foundation"), a California nonprofit public benefit corporation. RECITALS THIS Agreement is entered into and enacted on the basis of the following facts, understandings and intentions of the parties: A. The parties have heretofore entered into a statutory development agreement ("Original Agreement"), dated as of October 29, 1991, and filed for record in the Office of the Santa Clara County Recorder on November 3, 1991, as amended by a First Amendment ("First Amendment") which was enacted and entered between the parties as of March 14, 1996, and filed for record in the Office of the Santa Clara County Recorder on May 1, 1996. The Original Agreement as amended by the First Amendment is hereinafter referred to as the "Development Agreement." B. Foundation is the owner of the Property, also referred to herein as the "Downtown Site," which is affected by the Development Agreement and this Agreement. Said property is described in Exhibit A to the Development Agreement. C. Following execution of the Development Agreement, Foundation acquired an alternative site ("Urban Lane Site") for its proposed medical facility, and has applied for and obtained certain legislative and administrative development approvals ("Urban Lane Approvals") affecting the Urban Lane Site. D. Section 6(d) of the Original Agreement provides that the site at the northwest comer of Channing Avenue and Ramona Street (the "Child Care Site") shall be leased to City by Foundation free of any liens or encumbrances (other than those resulting from public easements of record, or limitations, mitigation measures or conditions imposed by City in connection with discretionary land use approvals and environmental review for development of the Child Care Site) for One Dollar ($1.00) per year for a term of no less than thirty-five (35) years, and that City will lease the Child Care Site back to Foundation for One Dollar ($1.00) per year for continued use as parking until such time as a building permit for a child care center or other use which may be deemed acceptable to Foundation and City is issued for the Child Care Site. The Child Care Site is more particularly described in Exhibit "A" attached hereto and incorporated herein by this reference. E. The parties now believe that the purposes and objectives of Section 6(d) of the Original Agreement can be implemented more simply and efficiently by instead allowing Foundation to enter into a direct lease with a child care center operator that is acceptable to the City. Gray Cary~PA\10048078.4 11160530-901700 F. The terms and conditions of this Agreement have been found by City to be fair, just and reasonable and, prompted by the necessities of the situation, to provide equivalent benefits to the City. G. This Agreement is consistent with the present public health, safety and welfare needs of the residents of the City and the surrounding region. City specifically has considered and approved the effects of this Agreement upon the regional welfare. NOW, THEREFORE, the parties hereby agree as follows: 1. Definitions. As used in this Agreement, each capitalized term used, unless otherwise defined herein, shall have the meaning defined in the Development Agreement. 2. Interest of Foundation. Foundation represents to City that as of the Effective Date it owns the Child Care Site in fee, subject only to encumbrances, easements, covenants, conditions, restrictions and other matters of record. 3. Binding Effect. Subject to the provisions of Section 17(0 of the Development Agreement, this Agreement and all of its terms and conditions shall run with the land with respect to the Child Care Site, binding and inuring to the benefit of the parties and their respective assigns, heirs and other successors in interest. 4. Negation of Agency. The parties acknowledge that in entering, enacting and performing this Agreement, each is acting as an independent entity and not as an agent of the other party in any respect. 5. Child Care Obligations. The provisions of Section 6(d) of the Original Agreement are hereby superseded by the obligations (the "Child Care Obligations") attached hereto as Exhibit "B" and incorporated herein in their entirety. The parties acknowledge that in anticipation of the execution and recordation of this Agreement against the Child Care Site, the Development Agreement has been terminated and released. 6. Altemative Method of Satisfying Obligations. In lieu of leasing the Child Care Site to the City, Foundation may satisfy its Child Care Obligations by (i) leasing the Child Care Site to a child care center operator ("Operator") that is approved the City (which approval may be revoked in accordance with this Agreement) pursuant to a ground lease (the "Ground Lease") that is on terms and conditions acceptable to the City in its sole discretion, and (ii) otherwise complying with the terms of this Agreement. The City has approved Children’s Creative Learning Centers as an Operator. 7. Approval of Day Care Center Operator. City shall give its approval of any Operator which, in the good faith judgment of City, meets the standards specified in Exhibit "C" attached hereto and incorporated herein by this reference. City may at any time revoke its approval if, in the good faith judgment of City, the Operator no longer meets such standards, in which event the Ground Lease shall terminate if the Operator’s mortgage lender does not timely designate a replacement operator pursuant to the terms of the Ground Lease. If the Lease with the Operator terminates pursuant hereto, Lessor shall enter into a new Grotmd Lease with the City or a replacement operator designated or approved by the City on the same terms and Gray Cary~PA\10048078.4 21160530-901700 conditions as the Ground Lease unless the City gives Lessor written notice that the City elects not to find a replacement operator in which event Lessor and the City shall have no further rights or obligations hereunder except as set forth in Section 6.2 of the Ground Lease and in Section 8 of this Agreement. 8. Obligation To Lease. Foundation shall not be deemed to be in breach of the Child Care Obligations as long as Foundation is not in breach of its obligations hereunder and under the Ground Lease. Once the Foundation has entered into a Ground Lease with the Operator, the Foundation’s obligations shall be governed by the terms of the Ground Lease, which shall not be amended without the consent of City, which shall not be unreasonably withheld. The City shall provide the Foundation with a release and termination of this Agreement and all remaining rights thereunder in a document in form for recordation at such time as the Ground Lease (or, if applicable, any replacement ground lease) terminates in accordance with its terms and the City has no further right to enter into (or designate an operator to enter into) a replacement ground lease. 9.Miscellaneous. (a) Authori _ty to Execute. The person or persons executing this Agreement warrant and represent that they have the authority to bind Foundation to the performance of its obligations hereunder. (b) Exhibits. The following exhibits to which reference is made in this Agreement are deemed incorporated herein in their entirety: Exhibit A - Description of Child Care Site Exhibit B - Section 6(d) Obligations Exhibit C - Standards for Approval of Operator IN WITNESS WHEREOF, this Agreement has been executed by the parties .as of the day and year first above written. PALO ALTO MEDICAL FOUNDATION FOR HEALTH CARE, RESEARCH AND EDUCATION, a Califomia nonprofit public benefit corporation By:. Its: Gray CarykPA\10048078,4 31160530-901700 ATTEST CITY OF PALO ALTO City Clerk By: Mayor APPROVED AS TO FORM: Senior Asst. City Attomey APPROVED: City Manager APPROVED AS TO CONTENT: Director of Administrative Services Gray CarykPA\10048078.4 41160530-901700 EXHIBIT "A" Description of Child Care Site Gray Caryh~A\10048078.4 51160530-901700 LEGAL DESCRIPTION ~ REAL PROPERTY in the City of Palo Alto, County of Santa Clara, State of California, described as follows: Lots 5, 6, 7, 8, and 9 In Block 9, as shown upon that certain Map entitled, "Morris and Greenwood Subdivision of Block 9 University Park", which Map was filed for record in the office of the Recorder of the County of Santa Clara, State of California on April 15, 1890 in Book "D" of Maps, page 189, described as follows: Beginning at the point of intersection of the Southwesterly line of Ramona Street, formerly Wadsworth Street with the Northwesterly Ilne of Channing Avenue, running thence Southwesterly along said Northwesterly line of Channing Avenue t25 feet; thence at e right angle Northwesterly 100 feet: thence at a right angle 125 feet to said Southwesterly line of Ramona Street; thence at a right angle Southeasterly,along said Southwesterly line of Ramona Street 100 feet to the point of beginning, APN: 120-28-030 ARB: 120-28-030 EXHIBIT "B" Child Care Obligations Section 6(d). Channing/Ramona Site Lease The site at the northwest comer of Channing Avenue and Ramona Street shall be leased to the City directly or to a child care provider, at City’s election, by Foundation free of any-liens or-encumbrances (other than those resulting from public easements of record, or limitation, mitigation measures or conditions imposed by City in connection with discretionary land use approvals and environmental review for development of the Channing/Ramona site) for One Dollar ($1.00) per year for a term of no less than thirty-five (35) years. The lease shall be in form approved by City. The lease shall be executed and become effective as soon as practicable. City and Foundation acknowledge that further discretionary land use approvals and environmental review may be necessary before any building permit can be issued for the site and that the lease will be subject to any limitations, mitigation measures or conditions deemed reasonably necessary by City. Gray Cary~PA\10048078.4 1160530-901700 EXHIBIT "C" Standards for Approval of Operation 1. Licensing and Exemptions. Operator shall operate a child care program for infants, toddlers and pre-school children that is licensed by the California Department of Social Services, Community Care Licensing Division, unless exempted from lic~nsure as stated in the general licensing requirements of Title 22 of the California Code of Regulations as promulgated by the Department of Social Services/Community Care Licensing Division. All licensed programs shall maintain a current non-ambulatory license. 2. Licensing Reports. Operator shall promptly provide to the City copies of all licensing reports issued by the California Department of Social Services, Community Care Licensing Division. 3. Accreditation. Operator shall begin the National Association for the Education of Young Children (NAEYC) accreditation process within six (6) months of the date operation begins. NAE¥C accreditation shall be achieved within eighteen (18) months of the date operation begins. Operator shall maintain accreditation standards as set forth by the NAEYC. 4. Accreditation Reports. Operator shall provide to the City copies of all licensing and accreditation reports issued by the California Department of Social Services, Community Care Licensing Division, and the NAEYC. 5. Health and Safety Standards. Operator shall enforce health and safety standards that are consistent with state regulations and NAEYC accreditation guidelines in such areas as administration of medications, emergency information forms, and exclusion of sick children. Operator shall ensure that staff members receive ongoing training in the areas of basic first aid and cardiopulmonary resuscitation (CPR). 6. Emergency Preparedness. Operator shall implement and follow emergency preparedness procedures and drills that are consistent with state laws and national accreditation standards. 7. Sign 1n/Sign Out Procedures. Operator shall maintain sign-in and sign-out procedures in accordance with state licensing requirements. 8. Staffing; Staff Development. Operator will assign a program director to have supervisory responsibility for the performance, progress, and execution of Operator’s program at the center. The program director will represent Operator during the day-to-day work on the program. The program director and every individual, .including any consultant charged with the performance of services, shall be duly licensed or certified by the State of California, to the extent such licensing or certification is required by law to perform such services, and the program will be executed by them or under their supervision. If circumstances or conditions cause the replacement of the program director for any reason, the City shall be notified of the appointment of a replacement program director. Operator shall provide the City with documentation of staff and staff qualifications on an annual basis. Operator shall offer appropriate staff development activities Gray CarykPA\10048078.4 1160530-901700 on an ongoing basis, including staff training, in order to fully meet the child development needs of children enrolled in the program. 9. Children with Special Needs. Operator shall identify children with special needs at the time of enrollment to insure adequate staffing levels. Children with special needs who require assistance during an emergency evacuation shall be accommodated. 10. Enrollment and Waiting Lists. Operator shall grant priority enrollment to City employees for 20% of the center’s child care slots. Operator shall maintain a current waiting list when program is at licensed capacity. 11. Written Schedules. Operator shall at all times maintain written schedules setting forth the operating hours and operating procedures for each service provided on or from the child care center. A fee schedule for prices charged for all services shall be maintained. All prices shall be affordable for families who live or work in or near the center. 12. Equipment and Supplies. Operator shall assume responsibility for program implementation, and shall provide furniture, equipment, and supplies. 13. Parent Advisory Committee. Operator shall provide the opportunity for establishment of a parent advisory committee. All interested parents shall be eligible for membership. The role of the parent advisory committee and its involvement in the operation of the center will be determined when the committee is established and reported to the City. 14. Annual Parent Survey. Operator shall conduct an annual parent survey. Results of the parent survey shall be made available to the Manager of Child Care and Family Services. 15. Materials to be Kept on File. Operator shall ensure that materials required by the City, as more specifically outlined in this Exhibit, be maintained on file with the Manager of Child Care and Family Services. Materials to be kept on file include but are not limited to: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Calendar of Days Open and Closed Current Operating License Emergency Preparedness Plan Licensing Reports issued by the California Department of Social Services/Community Care Licensing Division Operating Procedures and Polices (Parent Handbook) Summary Sheet of Annual Parent Evaluations Tuition Schedule Certificate of Accreditation Information Regarding Staff Salaries and Benefits Annual Staff Turnover Rate 16. Annual Site Evaluation. Operator shall participate in an annual site evaluation conducted by the City to determine that the program continues to satisfactorily meet the City’s requirements as stated in this Exhibit. Gray CarykPA\10048078,4 1160530-901700 17. Reports to the City. All correspondence to the City relating to this Exhibit shall be sent to the following address: City of Palo Alto, Office of Human Services 4000 Middlefield Road T-2 Palo Alto, CA 94303 Attn: Child Care & Family Services Manager 18.Operation of the Center. Operator will: (1) Procure all permits and licenses, pay all charges and fees, and give all notices which may be necessary and incident to the due and lawful prosecution of Operator’s program; (2) Keep fully informed of all existing and future Federal, State of California, and local laws, ordinances, regulations, orders, and decrees which may affect those engaged or employed and any materials used in performance of Operator’s services; (3) At all times observe and comply with, and cause its employees and consultants, if any, to observe and comply with, the laws, ordinances, regulations, orders and decrees mentioned above; (4) Be responsible for employing or engaging all persons necessary to staff the program. All consultants of Operator will be deemed to be directly controlled and supervised by Operator, which will be responsible for their performance. If any employee or consultant of Operator fails or refuses to carry out his or her duties or appears to be incompetent or to act in a disorderly or improper manner, the employee or consultant will be discharged by the Operator. (5) Coordinate its services with other existing organizations providing similar services in order to foster community cooperation and to avoid unnecessary duplication of services. (6) Ensure that all services offered under the program shall be secular in nature. Operator shall further ensure that it shall refrain from offering religious instruction, worship or other religious activities while providing child care services, in accordance with the provisions of the California and United States Constitutions. (7) Operate and manage the services and facilities in a competent and efficient manner at least comparable to other well managed operations of a similar type. Operator shall at all times retain active, qualified, competent, and experienced personnel and insure the maintenance of a high standard of service to the public. (8) Not discriminate in the employment of persons or provision of child care service because of the age, race, color, national origin, ancestry, religion, disability, sexual preference or gender of such person. Operator agrees to meet all requirements of the Palo Alto Municipal Code pertaining to nondiscrimination in employment, including completing the requisite forms furnished by the City. Gray CarykPA\10048078.4 1160530-901700 (9) Cause each contract for services from independent providers to contain a provision substantially as follows: "[Name of Provider] will provide Operator with a certificate stating that [Name of Provider] is currently in compliance with all Federal and State of Califomia laws covering nondiscrimination in employment; and that [Name of Provider] will not discriminate in the employment of any person under this contract because of the age, race, color, national origin, ancestry, religion, disability, sexual preference or gender of such person." Gray Caryh°A\10048078.4 1160530-901700 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF COUNTY OF .) ) On , before me,, a notary public in and for said County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Gray CarykPA\10048078.4 1160530-901700 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF COUNTY OF ) ) On , before me,, a notary public in and for said County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Gray Cary\PA\ 10048078.4 1160530-901700 GROUND LEASE by and between THE PALO ALTO MEDICAL FOUNDATION FOR HEALTH CARE, RESEARCH AND EDUCATION "Lessor" and CHILDREN’S CREATIVE LEARNING CENTER, INC. "Lessee" .,2000 Note:Any amendments to this Ground Lease shall be subject to the approval of Lessee’s Lender and the City of Palo Alto. Gray Cary~A\10058630.2 1160530-901700 GROUND LEASE THIS LEASE (the "Lease") is made and entered into as of ,2000 ("Execution Date") by and between THE PALO ALTO MEDICAL FOUNDATION FOR HEALTH CARE, RESEARCH AND EDUCATION, a California corporation ("Lessor"), and CHILDREN’S CREATIVE LEARNING CENTER, INC., a California corporation ("Lessee"). RECITALS A. Lessor owns that certain real property (together with certain appurtenant rights and easements) located in the City of Palo Alto, County of Santa Clara, State of California, and more particularly described in Exhibit A attached hereto (the "Premises"). B. Pursuant to a condition contained in a Development Agreement previously entered into between Lessor and the City of Palo Alto (the "City") which has been superseded by an Implementation Agreement (the "Implementation Agreement") dated ., 2000 between Lessor and the City and which has been recorded against the Premises, Lessor agreed to make the Premises available to the City for use as a child day care facility (the "Child Care Condition"). C. Lessee desires to lease the Premises for the purpose of constructing a child day care facility, appurtenant parking areas and other related improvements (collectively, the "Improvements;" such term is further defined in Appendix 1 of this Lease). Lessor has agreed, at the request of the City, to lease the Premises to Lessee in satisfaction of the Child Care Condition and the City has given Lessor its written acknowledgment that the execution of this Lease shall fully satisfy Lessor’s obligations under the Child Care Condition. D. Lessor and Lessee have agreed to enter into a lease of the Premises upon the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the rents to be paid hereunder and of the agreements, covenants and conditions contained herein, the parties hereby agree as follows: ARTICLE 1. BASIC LEASE INFORMATION The following is a summary of basic lease information. Each term or item in this Article 1 shall be deemed to incorporate all of the provisions set forth below pertaining to such term or item and to the extent there is any conflict between the provisions of this Article 1 and any more specific provision of this Lease, the more specific provision shall control. Any capitalized terms not otherwise defined shall have the meanings set forth in Appendix 1 attached hereto. Lessor:The Palo Alto Medical Foundation for Health Care, Research and Education Address of Lessor:795 E1 Camino Real Palo Alto, Califomia 9430 Attention: David Jury Gray CarykPA\10058630.2 11160530-901700 Lessee:Children’s Creative Learning Center, Inc. Address of Lessee:794 East Duane Avenue Sunnyvale, California 94086 Commencement Date (Article 4):The date Lessee commences demolition or construction on the Premises Term (Article 4):From the Commencement Date to the date that is thirty-five (35) years after.the Execution Date Expiration Date (Article 4): Annual Rental (Article 5):One Dollar ($1) Address of City for Notice Purposes:City Clerk City of Palo Alto P.O. Box 10250 Palo Alto, CA 94303 Amendments to Lease (Section 7.12 and Article ALL AMENDMENTS REQUIRE CONSENT 11): . OF LENDER AND THE CITY. ARTICLE 2. LEASE OF PREMISES; RESERVATION OF RIGHTS 2.1 Premises. Lessor and Lessee hereby agree that as of the date of this Lease, all prior agreements between them for the lease of the Premises are hereby superseded and shall have no further force or effect. Lessor hereby leases the Premises to Lessee, and Lessee hereby hires the Premises from Lessor, on the terms and conditions set forth in this Lease. The term "Premises" shall not include any Improvements. This Lease shall be subject to all zoning and governmental regulations now or hereafter in effect, any Leasehold Encumbrance (as defined in Section 7.1 hereof) hereafter in effect, and all liens, encumbrances, restrictions, rights and conditions of law or of record existing as of the execution date of this Lease or otherwise known to Lessee or ascertainable by inspection or a survey. 2.2 Reservation of Rights. Subject to Section 37.10, Lessor hereby reserves and excepts all rights in and with respect to the Premises not inconsistent with Lessee’s use of the Premises as permitted herein, including without limitation the right of Lessor, at all reasonable times and, if reasonably practicable, following advance notice to Lessee, to enter and to permit governmental bodies, public or private utilities and other persons to enter upon the Premises for the purposes of installing, using, operating, maintaining, renewing, relocating and replacing such underground wells and water, oil, gas, steam, storm sewer, sanitary sewer and other pipe lines, and telephone, electric, power and other lines, conduits, and facilities and maintenance rights of way and equipment, as Lessor may deem desirable in connection with the development or use of, or remediation of Hazardous Substances in, on, or under, the Premises or any other property in the neighborhood of the Premises, whether owned by Lessor or not. Lessor hereby agrees to indemnify Lessee from all loss, liability, claims or damage arising from or related to any activities undertaken by Lessor pursuant to this Section 2.2. Gray CarykPA\10058630.2 21160530-901700 2.3 Reservation of Initial Parking Lot Rights Between the Execution Date and the Commencement Date (the "Retained Use Period"), Lessor shall be entitled to retain possession of the Premises for use as a parking area. During the Retained Use Period, the following shall apply: (a) Lessee shall have no responsibility under this Lease with respect to any Annual or Additional Rent for the Premises. (b) Lessor shall be responsible for real estate taxes and impositions and maintenance obligations. (c) Lessor shall maintain all insurance in place that Lessee is required to maintain during the Term pursuant to Sections 19.6(c) and 19.7, with Lessee named as an additional insured thereunder. (d) Lessor shall comply with and be subject to Articles 18 and 20 of the Lease for the period prior to the Commencement Date as if Lessor were the Lessee. Lessee shall be entitled, upon giving Lessor written notice of the Commencement Date, to have its environmental consultant make a final site inspection prior to commencement of any demolition or construction activities at the Premises to determine whether there has been any release of Hazardous Materials onto the surface of the Premises during the Retained Use Period. If any such release is discovered that requires further investigation or remedial action, Lessee shall report same to Lessor and Lessor shall be responsible for determining the nature and extent of such investigation and/or remedial action and in pursuing such actions as necessary to be in compliance with applicable law, with such participation of applicable environmental agencies as Lessor’s environmental consultant may reasonably determine to be necessary. Any investigation or remedial action required of Lessor pursuant to this Section 2.3(d) shall be deemed to defer the Commencement Date (but not the Expiration Date) until completed to Lessee’s reasonable satisfaction. If at any time Lessee is not fully satisfied with the progress or nature of such actions by Lessor, Lessee shall be entitled to waive the requirement of further action by Lessor and accept responsibility for further investigation and/or action or, at Lessee’s sole election, terminate this Lease. In the event Lessee elects to terminate the Lease pursuant to Section 2.3(d), Lessee shall have no further obligations to Lessor under the Lease, but such termination shall be subject to the rights of Lender under Article 7 and the rights of the City under Article 11 hereof. ARTICLE 3. ACCEPTANCE OF PREMISES Lessee acknowledges that it has inspected the Premises and is satisfied that the Premises are in an acceptable condition and meet Lessee’s needs. Lessee specifically agrees to take the Premises in their existing condition and acknowledges that in entering into this Lease, Lessee does not rely on, and Lessor does not make, any express or implied representations or warranties as to any matters including, without limitation, the suitability of the soil or subsoil, any characteristics of the Premises, the suitability of the Premises for the intended use, the likelihood of deriving business from or other characteristics of Lessor, the economic feasibility of the business Lessee intends to conduct on the Premises, title to the Premises, Hazardous Substances Gray Cary~PA\10058630.2 31160530-901700 on or in the vicinity of the Premises, or any other matter. Lessee has satisfied itself as to such suitability and other pertinent matters by Lessee’s own inquiries and tests into all matters relevant in determining whether to enter into this Lease. Lessee accepts the Premises in its existing condition, and hereby expressly agrees that if any remedial or restoration work is required in order to conform the Premises to the requirements of Applicable Laws as a result of the use or occupancy of the Premises by Lessee, Lessee shall assume sole responsibility for any such work. Lessee accepts the Premises subject to the terms and conditions of the Implementation Agreement and the City’s rights thereunder. ARTICLE 4. TERM The term of this Lease (the "Term") shall be for the period stated in the Basic Lease Information, commencing on the Commencement Date and expiring on the Expiration Date, unless terminated earlier as hereinafter provided. The Commencement Date shall be the date on which Lessee is ready, willing and able to commence demolition and construction activities for the Improvements to be built on the Premises and has obtained the building permits from the city of Palo Alto for such work, provided that Lessee shall give Lessor at least ten (10) days prior written notice of the Commencement Date and Lessor shall surrender possession of the Premises to Lessee on the Commencement Date. The parties shall execute a memorandum setting forth the Commencement Date when that date is determined. ARTICLE 5. ANNUAL RENTAL As part of the consideration for this Lease, commencing upon the Commencement Date and continuing throughout the Term, Lessee shall pay to Lessor, at Lessor’s address stated in the Basic Lease Information, or to such other person or at such other place as Lessor may from time to time designate by notice to Lessee, without prior notice or demand, Annual Rental in the amount stated in the Basic Lease Information. Annual Rental may be payable annually, in advance, on or before the first day of each Lease Year, or may be prepaid in whole or in part. ARTICLE 6. ADDITIONAL RENTAL AND SECURITY DEPOSIT 6.1 Additional Rental. Each and every sum payable to Lessor pursuant to this Lease (other than Annual Rental) and each and every sum which Lessor pays to any third party to cure a default of Lessee shall be ’additional rent ("Additional Rental"). Lessor shall be entitled to the same rights and remedies with respect to the recovery of Additional Rental as it shall be with respect to Annual Rental. Annual Rental and Additional Rental are collectively referred to herein as "Rent." 6.2 Security Deposit. In the event that the City grants an exemption to Lessee from City’s parking requirements for construction of the Improvements and Lessee constructs the Improvements based on such parking exemption, then prior to the commencement of any construction by Lessee, Lessee shall be required to obtain from the City for Lessor’s benefit and protection; a written assurance from the City that following a termination of this Lease the City, at its sole cost and expense upon receipt of written request by Lessor, shall demolish and remove the Improvements at no cost to Lessor, if in fact Lessee does not do so following written notice to so do pursuant to Article 26. To secure Lessee’s obligation to remove the improvements from the Premises upon termination of the Lease (if Lessor should request such removal pursuant to Article 26), Lessee shall deposit with Lessor a security deposit (the "Security Deposit") in the Gray Cary~PA\10058630.2 41160530-901700 amount of Twenty-Five Thousand Dollars ($25,000.00) which shall be payable to Lessor in installments as follows: (a) Upon the Commencement Date: (b)Upon each of the first four anniversaries of the Commencement Date: (c) (d) Upon each of the next five anniversaries of the Commencement Date Upon each anniversary of the Commencement Date thereafter until the total Security Deposit of $25,000 has been paid to Lessor 1,000.00 1,000.00 2,000.00 3,000.00 All installments of the Security Deposit shall be held by Lessor for the duration of the Lease (or any replacement lease entered into at the direction of Lender under Section 7.7 below or the City under Article 11 below), without any obligation to maintain such deposit in a separate account and without any obligation to pay interest thereon, for application to Lessee’s demolition and removal obligations in the event Lessor elects to have Lessee remove the Improvements upon termination of the Lease, whether such termination is at the natural expiration of the Term of the Lease or upon an early termination of the Lease without exercise by Lender or the City of their rights to designate a replacement tenant. If Lessee is required to and does complete its demolition and removal obligations upon termination of the Lease, the Security Deposit shall be returned to Lessee (or any successor of Lessee to the extent that any such successor has made any of the installment payments of the Security Deposit or satisfied the demotion and removal obligations) without interest. At such time as the full amount of the Security Deposit has been paid to Lessor, the City shall be relieved of its obligations under this Section 6.2. Furthermore, if the Lease terminates prior to payment of the full. amount of the Security Deposit to Lessor, the City shall be entitled to satisfy its obligations by paying the balance of the Security Deposit to Lessor within forty-five (45) days of City’s receipt of written notice of Lessor’s election to have the Improvements removed; provided that if Lessee defaults in the payment of any installments of the Security Deposit when due, City shall not be relieved of its obligations under this Section 6.2 unless City has cured any such default with respect to payment of installments of the Security Deposit within forty-five (45) days of City’s receipt of written notice of default from Lessor. ARTICLE 7. ENCUMBRANCE OF LEASEHOLD ESTATE 7.1 Lessee’s Right to Encumber. Lessee may, at any time and from time to time during the Term, encumber to any third party (referred to in this Lease as "Lender"), by deed of trust or mortgage or other security instrument, all of Lessee’s interest under this Lease and the Leasehold Estate (any such encumbrance shall be referred to in this Lease as a "Leasehold Encumbrance") for any purpose or purposes consistent with the Premises Use Restrictions as set forth in Section 9.1 hereof, without the consent of Lessor. The term "Leasehold Estate" as used in this Lease Gray CaryWA\10058630.2 51160530-901700 shall mean the leasehold estate regarding the Premises created in Lessee by this Lease. However, no Leasehold Encumbrance incurred by Lessee in accordance with this Section 7.1 shall, and Lessee shall not have the power or authority to incur an encumbrance that shall, constitute a lien or encumbrance on Lessor’s fee interests in the Premises. Any Leasehold Encumbrance shall be subject to all terms, provisions, covenants, conditions, and restrictions set forth in this Lease and to all rights and interests of Lessor, except as otherwise expressly provided in this Lease. Lessee shall give Lessor at least ten (10) business days prior written notice of any Leasehold Encumbrance, together with a copy of the deed of trust, mortgage, or other security interest evidencing the Leasehold Encumbrance, all in the form (i) as will actually be executed by the parties thereto and (ii) as will actually be recorded, if at all, in the official records of the Recorder’s Office of the County of Santa Clara, California. 7.2 Notices Regarding Lender, Lessor, and City. Lessor shall mail to any Lender who has given Lessor written notice of Lender’s name and address (such notice to Lessor shall have been in conformance with the requirements of notice to Lessor pursuant to this Section 7.2), a duplicate copy of any and all notices Lessor may from time to time give to Lessee in accordance with or relating to this Lease, including but not limited to any notice of default, notice of termination, or notice regarding any matter on which Lessor may predicate or claim a default. Any notices or other communications given to Lender by Lessor or permitted by this or any other section of this Lease or by law to be given to Lender by Lessor shall be deemed duly delivered to Lender when deposited in the United States mail, first-class postage prepaid, addressed to Lender at the last mailing address for Lender furnished in writing by Lender to Lessor (notice to Lessor of such mailing address of Lender shall have been given in conformance with the requirements of notice to Lessor pursuant to this Section 7.2). As a condition to exercising any rights granted to Lender under this Lease, Lender shall, without limitation, (i) comply with the provisions of Section 33 hereof (regarding notices to be sent to Lessor or City) with respect to any and all notices or communications sent by Lender to Lessor or City, (ii) concurrently send a duplicate copy to Lessor and City of any notice given to Lessee by Lender regarding a breach or default by Lessee with respect to a Leasehold Encumbrance or any loan made in connection with a Leasehold Encumbrance, and (iii) promptly notify Lessor and City of any pending or completed foreclosure of the Leasehold Encumbrance or any pending or completed assignment or other transfer of the Leasehold Estate in lieu of foreclosure. 7.3 Right of Lender to Realize on Security. A Lender shall have the right at any time during the Term and the existence of the Leasehold Encumbrance to do both of the following: (a) Any act or thing required of Lessee under this Lease, and any such act or thing done and performed by Lender to prevent a forfeiture of Lessee’s rights under this Lease shall be as effective as if done and performed by Lessee; and (b) Realize on the security against the Leasehold Estate afforded by the Leasehold Encumbrance by means of foreclosure proceedings, accepting an assignment in lieu of foreclosure, or other remedy afforded in law or in equity or by the leasehold deed of trust evidencing the Leasehold Encumbrance (referred to herein as the "Leasehold Deed of Trust"), and thereafter within the Foreclosure Rights Period (i) To transfer, convey, or assign the Leasehold Estate to any purchaser at the foreclosure sale, whether the foreclosure sale is conducted under court order or a Gray CaryWA\10058630.2 61160530-901700 power of sale contained in the Leasehold Deed of Trust, or to an assignee under an assignment in lieu of foreclosure; and (ii) To acquire and succeed to the interest of Lessee under this Lease by virtue of any foreclosure sale, whether the foreclosure sale is conducted under a court order or a power of sale contained in the Leasehold Deed of Trust, or by virtue of an assignment in lieu of foreclosure. (c) The Lender or any person or entity acquiring or otherwise obtaining the Leasehold Estate shall be liable to comply with the terms, conditions, provisions, covenants and restrictions applicable to Lessee under this Lease, including but not limited to the Premises Use Restrictions, and to perform Lessee’s obligations under this Lease, but only during the period in which that entity or person has ownership of such Leasehold Estate or otherwise is in possession of the Premises (except as to those terms, conditions, provisions, covenants, restrictions or obligations of, or applicable to, Lessee which survive termination or expiration of this Lease, as expressly set forth in this Lease). 7.4 Right of Lender to Cure Lessee’s Defaults. For as long as there is in effect any Leasehold Encumbrance, before Lessor may terminate this Lease because of default under this Lease by Lessee, Lessor shall give written notice of the default to Lender and afford Lender the opportunity after delivery of the notice to do one of the following; provided that (i) neither such notice to Lender, nor any action by Lender short of fully curing the default within time periods set forth below in subsections 7.4(a) or 7.4(b), shall operate to waive or mitigate Lessee’s default, (ii) Lender shall first orconcurrently notify Lessor and City of Lender’s intention to cure the default, and (iii) Lender’s failure to timely cure such default shall entitle Lessor to terminate the Lease subject to Sections 7.5 and 24.2 below: (a) Cure the default within five (5) days after expiration of the time period granted to Lessee under this Lease for curing a default, when the default can be cured by payment of money to Lessor or some other person; or (b) Cure the default within fifteen (15) days after expiration of the time period granted to Lessee under this Lease for curing a default, when the default can be cured by something other than the payment of money to Lessor or some other person; provided that if the nature of the default is such that it will reasonably take more than such fifteen (15) day period to cure, Lessee shall not be in default so long as Lender promptly commences and diligently prosecutes such cure to completion. 7.5 Foreclosure in Lieu of Curing Default. Notwithstanding any other provision of this Lease, a Lender may forestall termination of this Lease by Lessor for a default under this Lease by Lessee by commencing proceedings to foreclose the Leasehold Encumbrance (the "Foreclosure Rights"). The proceedings so commenced may be for foreclosure of the Leasehold Encumbrance by order of court or for foreclosure of the Leasehold Encumbrance under a power of sale contained in the Leasehold Deed of Trust or by assignment of the Lease to Lender or its assignee in lieu of foreclosure. The proceedings shall not, however, forestall termination of this Lease by Lessor for the default by Lessee unless all of the following conditions are met: Gray Cary~PA\10058630.2 71160530-901700 (a) The proceedings are commenced within ten (10) days after delivery to Lender of the notice described in Section 7.4 of this Lease, and Lender first or concurrently notifies Lessor and City of its intention to initiate such proceedings and such notice includes a statement from Lender that it will comply with the requirements of Sections 7.5(b) and 7.5(c) hereof; (b) The proceedings are, after having been commenced within the period set forth in Section 7.5(a) above, diligently pursued in the manner required by law to completion within one hundred thirty (130) days after delivery to Lender of the notice described in Section 7.4 of this Lease (the "Foreclosure Rights Period"); and (c) Lender adheres to and performs all of the terms, provisions, covenants, and conditions of this Lease requiring the payment or expenditure of money by Lessee (including, but not limited to, expenditures to satisfy Lessee’s maintenance and repair obligations and Lessee’s insurance coverage obligations under this Lease), until the foreclosure proceedings are complete or are discharged by redemption, satisfaction, payment, or conveyance of the Leasehold Estate. 7.6 Assignment Without Consent on Foreclosure. Subject to Section 7.11 hereof, a transfer of Lessee’s interest in the Leasehold Estate to any of the following shall not require the prior written consent of Lessor: (a) An assignee of Lessee’s leasehold estate created by this Lease under an assignment in lieu of foreclosure, provided Lender gives Lessor and City written notice of the transfer, including the name and address of the assignee and the effective date of the assignment, and provided the assignee gives to Lessor its written agreement to be bound by all of the terms, conditions, covenants, provisions, and ~estrictions of this Lease; or (b) A purchaser or assignee of the purchaser at a foreclosure sale of the Leasehold Encumbrance or the assignee of the Leasehold Estate acquired under an assignment in lieu of foreclosure, provided the purchaser or assignee gives Lessor and City written notice of the transfer, including the name and address of the purchaser or assignee and the effective date of the purchase or assignment, and provided the purchaser or assignee gives to Lessor its written agreement to be bound by all of the applicable terms, conditions, covenants, provisions, and restrictions of this Lease. 7.7 New Lease to Lender. Notwithstanding any other provision of this Lease, should this Lease terminate prior to expiration of the Foreclosure Rights Period because of any default under this Lease by Lessee, Lessor agrees to enter into a new lease for the Premises with a Qualified Party designated by Lender under a Leasehold Encumbrance, as lessee, provided all of the following conditions are satisfied: (a) A written request for a new lease is given to Lessor and City by Lender within ten (10) days after delivery to Lender of the notice of termination of this Lease during the Foreclosure Period due to a default by Lessee, and the new lease is signed by such Qualified Party and delivered to Lessor within twenty (20) days after delivery of such new lease by Lessor to the Qualified Party and Lender; (b) The new lease (i) is for a term ending on the same date the term of this Lease would have ended had this Lease not been terminated; (ii) provides for the payment of Rent at Gray CarykPA\10058630.2 81160530-901700 this same rate that would have been payable under this Lease during the remaining term of this Lease had this Lease not been terminated; and (iii) contains the same terms, conditions, covenants, provisions, and restrictions as are contained in this Lease (except those that the parties mutually agree are no longer applicable); (c) Lender, on execution of the new Lease by Lessor, shall pay any and all sums that would at the time of execution of the new lease be due under this Lease but for its termination and shall otherwise fully remedy, or agree in writing to remedy,, any other defaults under or breaches of this Lease committed by Lessee that can be remedied; (d) Lender, on execution of the new lease, shall pay all reasonable costs and expenses, including attorneys’ fees and court costs, incurred in terminating this Lease, recovering possession of the Premises from Lessee or the representative of Lessee, and preparing the new lease; (e) The new lease shall be subject to the Implementation Agreement and to all existing subleases between Lessee and sublessees (if any), provided that for any sublease, the sublessee agrees in writing to attorn to Lender (or its assignee); and (f) Subject to Section 7.11 hereof, the new lease shall be assignable only with the prior written consent of Lessor pursuant to Article 22 hereof. 7.8 No Merger of Leasehold and Fee Estates. For as long as any Leasehold Encumbrance is in existence, there shall be no merger of the leasehold estate created by this Lease and the fee estate of Lessor in the Premises merely because both estates have been acquired or become vested in the same person or entity, unless Lender otherwise consents in writing. 7.9 Lender as Assignee of Lease. No Lender shall be liable to Lessor as an assignee of this Lease unless and until Lender acquires some or all rights of Lessee under this Lease through foreclosure, an assignment in lieu of foreclosure, or as a result of some other action or remedy provided by law or by the instrument creating the Leasehold Encumbrance. 7.10 Lender as Including Subsequent Security Holders. Except for purposes of Section 7.7, the term "Lender" as used in this Lease shall mean not only the institutional lender that loaned money to Lessee and is named as beneficiary, mortgagee, secured party, or security holder in the Leasehold Deed of Trust creating any Leasehold Encumbrance, but also all subsequent purchasers or assignees of the leasehold interest created by this Lease that is secured by the Leasehold Encumbrance. 7.11 Transferee as Qualified Party. Notwithstanding any other provision of this Lease, each and every acquirer, purchaser, assignee or other transferee of the Leasehold Estate who obtains its interest in the Leasehold Estate in connection with provisions of this Article 7, or in connection with the assignments, purchases, or other actions or proceedings contemplated by this Article 7 (collectively, "Lender Transferees"), shall, without limitation, (i) be required to comply with the Premises Use Restrictions of Section 9.1 hereof, and (ii) be required to be and to remain for the duration of the Term a Qualified Party (as defined in Article 22 hereof) in order to perform any operations or to conduct any business at, on or in the Premises or the Gray Cary~PA\10058630.2 91160530-901700 Improvements. Each Lender Transferee’s status as a Qualified Party shall be subject to prior approvals by Lessor pursuant to Article 22 hereof. 7.12 Amendment to Leases. For so long as a Leasehold Encumbrance is in existence, Lessor and Lessee agree that the Lease shall not be amended without the prior written consent of Lender, which shall not be unreasonably withheld. Any amendment for which such consent is not obtained shall have no force or effect unless and until such approval is obtained. ARTICLE 8. NET LEASE; NO COUNTERCLAIM OR ABATEMENT 8.1 Net Lease. The Annual Rental and Additional Rental due to Lessor hereunder shall be absolutely net to Lessor and shall be paid without assertion of any counterclaim, setoff, deduction or defense and without abatement, suspension, deferment or reduction. Under no circumstances or conditions, whether now existing or hereafter arising, and whether or not beyond the present contemplation of the parties, shall Lessor be expected or required to make any payment of any kind whatsoever with respect to the Premises or be under any obligation or liability hereunder except as expressly set forth in this Lease. 8.2 Independent Covenants. The obligations of Lessee hereunder shall be separate and independent covenants and agreements. Each agreement of Lessee shall be both a covenant and a condition. Lessee hereby waives, to the full extent permitted by applicable law, all rights now or hereafter conferred by statute, including without limitation the provisions of Civil Code Sections 1932 and 1933, to quit, terminate or surrender this Lease or the Premises or any part thereof, or to any abatement, suspension, deferment, diminution or reduction of any rent hereunder. ARTICLE 9. USE AND OPERATION OF PREMISES AND IMPROVEMENTS 9.1 Use Restriction. Subject to all provisions and limitations contained herein, the Premises and all Improvements to be located thereon shall at all times be used and operated by Lessee as a child day care facility, and for no other purpose. In connection with such use, Lessee shall have the right to carry out the administrative and incidental uses necessary to the foregoing. Lessee agrees and acknowledges that Lessee and Lessee’s operations and business activities at the Premises shall at all times comply with each and all of the standards, terms, requirements, conditions, and provisions of that certain document entitled "Standards for Approval of Operation" (collectively, "Operations Standards") which is attached as Exhibit "D" to the Implementation Agreement, as such Operations Standards may be modified or amended from time to time. The parties hereby acknowledge and agree that Lessee’s covenant that the Premises shall be used solely for the purposes stated in this Section 9.1 and for no other purpose, and Lessee’s covenant to comply with the Operations Standards, are material consideration for Lessor’s agreement to enter into this Lease. The parties further acknowledge and agree that any violation of either of said covenants shall constitute a material breach of this Lease and entitle Lessor to exercise any and all of its rights and remedies under this Lease or otherwise at law or in equity. Without limitation of the foregoing, or any other provision of this Lease, in no event shall the Premises be used for (a) any purpose that in any manner causes, creates, or results in a nuisance, (b) any purpose or use that is of a nature to involve substantial hazard, or any purpose or use that otherwise may harm the health or welfare of persons or the physical environment, or (c) any discharge of Hazardous Substances on the Premises, including but not limited to the Gray Cary~PA\10058630.2 101160530-901700 disposing or discharging of such substances into or under the Premises. The provisions of this Section 9.1 are collectively referred to herein as the "Premises Use Restrictions." 9.2 Operation of the Premises After Completion. Lessee covenants that upon completion of construction of the Improvements, Lessee will, through the entire Term, continuously and uninterruptedly operate the Premises for the uses permitted under Section 9.1; provided, however, that Lessee’s obligations under this Section 9.2 shall be suspended (a) for any single time period not to exceed three (3) months in a twelve (12) month period, (b) during any Foreclosure Rights Period or City’s Tenant Replacement Right Period (c) during any period of restoration, repair, replacement or rebuilding undertaken by Lessee pursuant to Article 20 of this Lease, (d) during any period of Appropriation, and (d) during any periods of Alterations undertaken in accordance with the provisions of Article 11 of this Lease, provided, however, that all of the foregoing shall be limited to the portion of the Premises actually affected thereby and for such time as is reasonably required by such restoration, repairs, replacement or rebuilding or condemnation or Alterations, or where otherwise prevented by reason of causes beyond Lessee’s control (other than any financial difficulties of Lessee). ARTICLE 10. LIMITATION ON EFFECT OF APPROVALS All rights of Lessor to review, comment upon, approve, inspect or take any other action with respect to the Premises, the Improvements, or the design or construction thereof, or any other matter, are specifically for the benefit of Lessor and no other party. No review, comment, approval or inspection, right or exercise of any right to perform Lessee’s obligations, or similar actions required or permitted by, of, or to Lessor hereunder, or actions or omissions of Lessor’s employees, agents and trustees, or other circumstances shall give or be deemed to give Lessor any liability, responsibility or obligation for, in connection with, or with respect to, the design, construction, maintenance or operation of the Premises or any Improvements, or the removal and/or remediation of any Hazardous Substances on, in or from the Premises, nor shall any such approval, actions, information or circumstances relieve or be deemed to relieve Lessee of the sole obligation and responsibility for the design, construction, maintenance and operation of the Premises and Improvements and the removal and/or remediation of Hazardous Substances required under this Lease, if any. ARTICLE 11. LICENSE TO OPERATE CHILD DAY CARE FACILITY Lessee shall be solely responsible for obtaining from the California State Department of Social Services, at its sole cost and expense, a license or special permit to operate, establish, manage, conduct and maintain a child day care facility as required under the California Child Day Care Facilities Act (California Health & Safety Code Section 1596.70 et seq.). Lessee shall diiigently prosecute the procurement of such license or special permit immediately upon the execution of this Lease. Prior to the commencement of occupancy of the Premises, Lessee shall provide Lessor with a true copy of a valid and current license or special permit obtained in accordance with the provisions of this Article 11. If Lessee ceases to use the Premises as a child day care facility or ceases to be a Qualified Party licensed to operate a child day care facility, then subject to the rights of a Lender as set forth in Article 7, this Lease shall terminate, subject to City’s right to become or designate a successor tenant to operate the child day care facility ("City’s Tenant Replacement Right"). Unless and until City (a) designates a replacement tenant approved by Lessor pursuant to Article 22 or (b) provides Lessor with written notice that City Gray Caryk°A\10058630.2 111160530-901700 does not intend to exercise City’s Tenant Replacement Right ("City’s Termination Right"), City shall reimburse Lessor on the same terms and conditions as this Lease for all of Lessee’s obligations for taxes, insurance, and maintenance (including any increased security precautions reasonably necessary to maintain the Premises in a safe and secure condition while vacant) and Security Deposit installment payments. If City exercises City’s Termination Right, the Lease shall terminate automatically without further notice or action by Lessor, except to the extent set forth in Section 6.2. If City does designate a Qualified Party to be a successor tenant pursuant to the exercise of City’s Tenant Replacement Right as set forth herein, City may require Lessor to enter into a new lease with the Qualified Party on essentially the same terms as herein set forth and for a term that would end on the same date as this Lease would end if it continued to the natural expiration of its term. Lessor and Lessee also agree that this Lease shall not be amended without the prior written consent of City, which shall not be unreasonably withheld. Any amendment for which such consent is not obtained shall have no force or effect unless and until such approval is obtained. ARTICLE 12. INITIAL CONSTRUCTION AND ALTERATIONS 12.1 Construction of Improvements. Lessee hereby is granted permission and agrees and covenants to commence and prosecute diligently, at Lessee’s sole cost and expense, the design, development and construction upon the Premises of the Improvements as described herein and in the plans and specifications to be approved by Lessor in accordance with the provisions of this Article 12. 12.2 Alterations. Lessee shall have the right to make Alterations; provided, however, that any proposed Alteration for the purpose in whole or in part of the treatment, storage or disposal of any Hazardous Substance, or requiring any health, safety or environmental approval or any application to a political jurisdiction for rezoning, general plan amendment, variance or a conditional use permit or that, pursuant to any other provision of this Lease, requires Lessor’s approval, shall be subject to Lessor’s prior written approval, which approval may be given or withheld in Lessor’s reasonable discretion. Any Alterations shall be at Lessee’s sole cost and expense, and shall be subject to the terms of this Article 12. 12.3 Permits and Approvals. Lessee shall be solely responsible for obtaining any and all necessary approvals of any governmental agencies having jurisdiction for any general plan amendment, rezoning, variance, conditional use permit, building, electrical and plumbing permits, environmental impact analysis and mitigations imposed thereby, or other governmental action necessary to permit the development, construction and operation of the Improvements (including any Alterations) in accordance with this Lease. Lessee shall provide Lessor with copies of all such permits and approvals prior to commencement of construction on the Premises. In the event Lessee is unable to obtain necessary approvals for the Improvements within three years after the date of this Lease, this Lease shall expire and neither party shall have any further rights or obligations hereunder. Notwithstanding the foregoing, Lessee shall keep Lessor fully informed regarding any such approval process. Lessor, at no cost or expense to itself, shall cooperate with Lessee to the extent reasonably required to obtain any and all necessary approvals for the Improvements and any proposed Alterations approved by Lessor hereunder. In the event Lessor is required to expend time or incur expenses in such cooperation, Lessee shall reimburse Lessor for any out-of-pocket expenses incurred by Lessor in connection with such cooperation. Gray Cary~PA\10058630.2 121160530-901700 Nothing contained herein, however, shall permit or be deemed to permit Lessee to use the Premises for any purpose not expressly permitted under Section 9.1 hereof. 12.4 Design. Design matters with respect to the Improvements shall be solely within the discretion of Lessee. 12.5 Prerequisites to Commencement of Construction. In addition to all other requirements set forth herein, before commencing the construction of the Improvements or any Alterations and before any building materials have been delivered to the Premises by Lessee or under Lessee’s authority, Lessee shall: (a) Upon Lessor’s request, furnish Lessor with a true copy of Lessee’s contract with the general contractor. (b) Upon Lessor’s request, deliver to Lessor true copies of all documents to evidence the commitment of construction financing for any new construction or other arrangements to provide for payment for work undertaken by Lessee, if any. Such evidence shall be in a form and substance satisfactory to Lessor. (c) Provide Lessor at least ten (10) days prior written notice of the commencement of any such construction or Alterations in order that Lessor shall have sufficient time to post in a conspicuous location on the Premises as well as to record with the County of Santa Clara, a notice of lessor’s nonresponsibility pursuant to the California Civil Code. (d) Procure or cause to be procured the insurance coverage described below in the limits hereinafter provided, and provide Lessor with certified copies of all such insurance or, with the written approval of Lessor, certificates of such insurance in form satisfactory to Lessor. All such insurance shall comply with the requirements of Articles 12 and 19. (i) During the course of construction, to the extent not covered by property insurance maintained by Lessee pursuant to Article 19, comprehensive "all risk" builder’s risk insurance, including vandalism and malicious mischief, covering all Improvements in place on the Premises, all materials and equipment stored at the Premises and furnished under contract, and all materials and equipment that are in the process of fabrication at the premises of any third party or that have been placed in due course of transit to the Premises when such fabrication or transit is at the risk of, or when title to or an insurable interest in such materials or equipment has passed to, Lessee or its construction manager, contractors or subcontractors (excluding any contractors’, subcontractors’ and construction managers’ tools and equipment, and property owned by the employees of the construction manager, any contractor or any subcontractor), such insurance to be written on a completed value basis in an amount not less than the full estimated replacement value of the Improvements or such Alterations, as applicable. (ii) Comprehensive liability insurance covering Lessee, Lessor and each construction manager, contractor and subcontractor engaged in any work on the Premises, which insurance may be effected by endorsement, if obtainable, on the policy required to be carried pursuant to Article 19, including insurance for completed operations, elevators, owner’s, construction manager’s and contractor’s protective liability, products completed operations for four years after the date of acceptance of the work by Lessee, broad form blanket contractual liability, broad form property damage and full form personal injury (including but not limited to Gray CarykPA\10058630.2 131160530-901700 bodily injury), covering the performance of all work at or from the Premises by Lessee, its construction manager, contractors and subcontractors, and in a liability amount not less than the amount at the time carried by prudent owners of comparable construction projects in the Santa Clara Valley, but in any event not less than Three Million Dollars ($3,000,000) combined single limit, which policy shall contain a cross-liability clause or separation of insureds provision, .an endorsement deleting the property damage exclusion as to explosion, underground, and collapse hazards, and an endorsement providing incidental malpractice coverage, and shall include thereunder for the mutual benefit of Lessor and Lessee, bodily injury liability and property damage liability automobile insurance on any non-owned, hired or leased automotive equipment used in the construction of any work. (iii) Worker’s Compensation Insurance in the amounts and coverages required under workers’ compensation, disability and similar employee benefit laws applicable to the Premises, and Employer’s Liability Insurance with limits not less than One Million Dollars ($1,000,000), or such higher amounts as may be required by law. 12.6 General Construction Requirements. (a) All construction and other work, including the design of and materials for the Improvements, shall be done at Lessee’s sole cost and expense and in a prudent manner consistent with and appropriate for the surrounding uses as determined by the City of Palo Alto’s architectural review board. Lessee shall construct the Improvements and all Alterations in strict accordance with all Applicable Laws, and with plans and specifications that are in accordance with the provisions of this Article 12 and all other provisions of this Lease. (b) Lessee shall construct all Improvements within setbacks required by Applicable Laws or the provisions of this Lease. (c) Prior to the commencement of any construction of Improvements or Alterations, repair or landscaping, Lessor shall have the right to post in a conspicuous location on the Premises as well as to record with the County of Santa Clara, a notice of lessor’s nonresponsibility pursuant to the California Civil Code. (d) The general contract for the Improvements or any Alterations shall contain provisions acceptable to Lessor that permit such contracts to be assumed by Lessor or its designee, at Lessor’s sole discretion, following a termination of this Lease. Any such assumption shall be on the same terms and conditions (including fees and prices) as set forth in such contracts. (e) Lessee shall take all necessary safety precautions during any construction. (f) Upon completion of construction, Lessee shall prepare and maintain as-built drawings showing the final location of all mechanical equipment, utility lines, ducts, outlets, structural members, walls, partitions and other significant features of the Improvements and any subsequent Alterations. These as-built drawings shall be kept at the Premises and Lessee shall update them as often as necessary to keep them current. The as-built drawings and annotated plans and specifications shall be made available for copying and inspection by Lessor at all reasonable times. Gray Cary~PA\10058630.2 141160530-901700 12.7 Construction Completion Procedures. On completion of the construction of the Improvements or any Alterations during the Term, Lessee shall file for recordation, or cause to be filed for recordation, a notice of completion. 12.8 On Site Inspection. Lessor shall be entitled to have on site, at all times during the construction of the Improvements or any Alterations, an inspector or representative who shall be entitled to observe all aspects of the construction on the site of the Premises. No inspection performed or not performed by Lessor hereunder shall give, or be deemed to give, Lessor any responsibility or liability with respect to the work or the prosecution thereof or the design or construction of the Improvements, or constitute or be deemed to constitute, a waiver of any of Lessee’s obligations hereunder, or be construed as approval or acceptance of the work or the prosecution thereof, or the design or construction of the Improvements. ARTICLE 13. MECHANICS’ AND OTHER LIENS 13.1 No Liens. Lessee covenants and agrees to keep all of the Premises and every part thereof free and clear of and from any and all mechanics’, material supplier’s and other liens for work or labor done, services performed, materials, appliances, or power contributed, used or furnished, to be used in or about the Premises for or in connection with any operations of Lessee, any construction of Improvements or Alterations, or repairs that Lessee may make or permit or cause to be made, or any work or construction by, for oi permitted by Lessee on or about the Premises, and at all times promptly and fully to pay and discharge any and all claims upon which any such lien may or could be based, and to save and hold Lessor and all of the Premises free and harmless of and from any and all such liens and claims of liens and suits or other proceedings pertaining thereto. 13.2 Right to Contest Liens. Lessee shall have the right to contest, in good faith, the amount or validity of any lien of the nature described in Section 13.1 above, provided that Lessee shall give Lessor written notice of Lessee’s intention to do so within ten (10) days after the recording of such lien, and provided further, that Lessee shall, at its expense, defend itself and Lessor against the same and shall pay and satisfy any adverse judgment that may be rendered thereon before the enforcement thereof against the Premises. In addition, at the request of Lessor, Lessee shall procure and record the bond provided for in Section 3143 of the California Civil Code or any comparable statute hereafter enacted providing for a bond freeing the Premises from the effect of such lien or claim or action thereof. Lessee shall pay all reasonable attorneys’ fees, consultants’ fees, travel expenses, and other costs incurred by Lessor in connection with any such contest. 13.3 No Effect on Lessor’s Interests. No mechanics’ or material suppliers’ liens or other liens of any character whatsoever created or suffered by Lessee shall in any way, or to any extent, affect the interest, right or title of Lessor in and to the Premises. 13.4 Lessor’s Right to Cause Release of Liens. If Lessee shall not within ten (10) days following the imposition of any such lien which is not being contested by Lessee in accordance with Section 13.2, cause the lien to be released of record by payment or posting of a proper bond, Lessor shall have the right but not the obligation to cause the same to be released by such means as Lessor shall deem appropriate and the amount paid by Lessor together with all expenses incurred by Lessor in connection therewith (including without limitation reasonable Gray Cary~PA\10058630.2 151160530-901700 attomeys’ fees and expense), plus interest at the maximum rate allowed by law from the date of payment by Lessor, shall be Additional Rental, immediately due and payable by Lessee to Lessor upon demand. ARTICLE 14.OWNERSHIP OF IMPROVEMENTS All Improvements constructed, installed or placed by Lessee on the Premises shall be the property of Lessee during, and only during, the Term and no longer, unless a new lease is entered into pursuant to Section 7.7, then during the new lease term as well, and no longer. During the Term, the Improvements shall not be conveyed, transferred or assigned. Any attempted conveyance, transfer or assignment of the Improvements, whether voluntarily or by operation of law or otherwise, to any person, corporation or other entity shall be void and of no effect whatever. Upon any termination of this Lease, whether by reason of the expiration of the Term hereof, or pursuant to any provision hereof, or by reason of any other cause whatsoever, all of Lessee’s right, title and interest in the Improvements shall cease and terminate and title to the Improvements shall immediately vest in Lessor; provided, however, Lessor reserves the right to require Lessee, in the alternative, to remove the Improvements from the Premises upon termination of this Lease. In the event Lessor elects to retain the Improvements on the Premises upon termination of this Lease, Lessee shall surrender the Improvements to Lessor as provided in Article 26 hereof. No further deed or other instrument shall be necessary to confirm the vesting in Lessor of title to the Improvements. However, upon any termination of this Lease, Lessee, upon request of Lessor, shall execute, acknowledge and deliver to Lessor a quitclaim deed and quitclaim bill of sale confirming that all of Lessee’s rights, title and interest in the Improvements has expired and that title thereto has vested in Lessor. ARTICLE 15.MAINTENANCE AND REPAIRS; NO WASTE 15.1 Maintenance and Repairs. During the Term, Lessee shall, at its own cost and expense and without any cost or expense to Lessor, keep and maintain the Premises and the Improvements and all appurtenant facilities, including without limitation the grounds, sidewalks, parking, trees, creek banks and landscaped areas, fixtures and equipment, in good condition and repair and shall allow no nuisances to exist or be maintained thereon; provided, however, that Lessee’s duty does not extend to Lessee’ personal property unless and except to the extent that such personal property is used on the exterior of the buildings and affects the appearance of the Premises. Lessee shall promptly make all repairs, replacements and alterations (whether structural or nonstructural, foreseen or unforeseen, or ordinary or extraordinary) necessary to maintain the Premises and the Improvements thereon in good condition and in compliance with all Applicable Laws and to avoid any structural damage or injury to the Premises or the Improvements. 15.2 No Waste. Lessee shall not commit or permit waste upon the Premises. I5.3 No Lessor Obligations. Lessor shall not be obligated to make to the Premises or the Improvements any repairs, replacements or renewals of any kind, nature or description whatsoever and Lessee hereby expressly waives any right to terminate this Lease and any right to make repairs at Lessor’s expense under Sections 1932(1), 1941 and 1942 of the California Civil Code, or any amendments thereof or any similar law, statute or ordinance now or hereafter in effect. GrayCarykPA\10058630.2 161160530-901700 ARTICLE 16.UTILITIES AND SERVICES During the Term, Lessee shall be solely responsible for, shall make all arrangements for, and shall pay for all utilities and services furnished to or used at the Premises, including without limitation, gas, electricity, other power, water, telephone, cable and other communication services, security services, sewage, sewage service fees, trash collection, and any taxes or impositions thereon. All service lines of such utilities shall be installed beneath the surface of the Premises, shall be independent of any other facilities located on property owned by Lessor, and all such utility lines and services located on or connected to the Premises shall be maintained, repaired and replaced by Lessee at no cost or expense to Lessor. ARTICLE 17.COMPLIANCE WITH LAWS; INSURANCE REQUIREMENTS 17.1 Compliance with Applicable Laws. Lessee, at Lessee’s cost and expense, shall comply with all Applicable Laws. Any work or installations made or performed by or on behalf of Lessee or any person or entity claiming through or under Lessee in order to conform the Premises to Applicable Laws shall be subject to and performed in compliance with the provisions of Article 12. Lessee shall give Lessor immediate written notice of any violation of Applicable Laws known to Lessee and, at its sole cost and expense, Lessee shall immediately rectify any such violation. Without in any way limiting the generality of the foregoing obligation of Lessee, Lessee shall be solely responsible for compliance with, and shall make or cause to be made all such Improvements and Alterations to the Premises (including, without limitation, removing such barriers and providing such alternative services) as shall be required by, the Americans with Disabilities Act (42 U.S.C. Section 12101 et seq.), as the same may be amended ~om time to time, and any similar or successor laws, and with any rules or regulations promulgated thereunder. Lessee’s liability shall be primary and Lessee shall indemnify Lessor in accordance with Article 19 in the event of any failure or alleged failure of Lessee to comply or to cause the Improvements to comply with said laws and rules and regulations. 17.2 Compliance with Insurance Requirements. Lessee shall not do anything, or permit anything to be done, in or about the Premises that would: (i) invalidate or be in conflict with the provisions of any fire or other insurance policies covering the Premises, the Improvements, or any property located therein, or (ii) result in a refusal by insurance companies of good standing to .insure ’the Premises, the Improvements, or any such property in amounts required hereunder. Lessee, at Lessee’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body that shall hereafter perform the function of such Association. ARTICLE 18.HAZARDOUS SUBSTANCES 18.1 Hazardous Substances. Lessee shall not use, treat, keep, store, sell, release, discharge or dispose of any Hazardous Substance from, on, about, under or into the Premises, except for standard office and cleaning supplies stored in quantities reasonably necessary for standard use. 18.2 Indemnity for Environmental Damages. Lessee shall indemnify, protect, defend, reimburse, and save and hold harmless Lessor and the Premises, from and against any Gray Cary~PA\10058630.2 171160530-901700 and all Environmental Damages. Lessee’s obligations hereunder shall include, but not be limited to, the burden and expense of defending all claims, suits and administrative proceedings (with counsel reasonably approved by Lessor), even if such claims, suits or proceedings are groundless, false or fraudulent, and conducting all negotiations of any description, and paying and discharging, when and as the same become due, any and all judgments, penalties or other sums due against such indemnified parties. 18.3 Obligation to Remediate. Notwithstanding the obligation of Lessee to indemnify Lessor pursuant to this Lease, Lessee shall, upon demand of Lessor, and at its sole cost and expense, promptly take all actions to remediate the Premises from the effects of a Hazardous Substance Occurrence. Such actions shall include, but not be limited to, the investigation of the environmental condition of the Premises, the preparation of any feasibility studies, reports or remedial plans, and the performance of any cleanup, remediation, containment, operation, maintenance, monitoring or restoration work, whether on or off of the Premises. Lessee shall take all actions necessary to restore the Premises to the condition existing prior to the Hazardous Substance Occurrence. All such work shall be performed by contractors selected by Lessee and approved in advance and in writing by Lessor. Lessee shall proceed continuously and diligently with such investigatory and remedial actions, provided that in all cases such actions shall be in accordance with all applicable requirements of governmental entities. Any such actions shall be performed in a good, safe and workmanlike manner. Lessee shall pay all costs in connection with such investigatory and remedial activities, including but not limited to all power and utility costs, and any and all taxes or fees that may be applicable to such activities. Lessee shall promptly provide to Lessor copies of testing results and reports that are generated in connection with the above activities and any that are submitted to any governmental entity. Promptly upon completion of such investigation and remediation, Lessee shall permanently seal or cap all monitoring wells and test holes to industrial standards in compliance with Applicable Laws, remove all associated equipment, and restore the Premises to the maximum extent possible, which shall include, without limitation, the repair of any surface damage, including paving, caused by such investigation or remediation hereunder. 18.4 Obligation to Notify Lessor. If Lessee shall become aware of or receive notice or other communication concerning any actual, alleged, suspected or threatened violation of Environmental Requirements, or liability for Environmental Damages in connection with the Premises or past or present activities of any person thereon, including but not limited to, notice or other communication concerning any actual or threatened investigation, inquiry, lawsuit, claims, citation, directive, summons, proceeding, complaint, notice, order, writ, or injunction, relating to same, then Lessee shall deliver to Lessor, within fourteen (14) days of the receipt of such notice or communication by Lessee, a written description of said violation, liability, correcting information, or actual or threatened event or condition, together with copies of any documents evidencing same. Receipt of such notice shall not be deemed to create any obligation on the part of Lessor to defend or otherwise respond to any such notification. 18.5 Right to Inspect. Lessor shall have the right in its sole discretion, but not the duty, at reasonable times during business hours following reasonable notice to Lessee, to enter and conduct an inspection of the Premises, including invasive tests, at any time to determine whether Lessee is complying with the terms of this Lease, including but not limited to the compliance of the Premises and the activities thereon with Environmental Requirements and the existence of Environmental Damages as a result of the condition of the Premises or surrounding Gray Cary~PA\10058630.2 181160530-901700 properties and activities thereon. Lessor shall have the right, but not the duty, to retain at its expense any independent professional consultant to enter the Premises to conduct such an inspection and to review any report prepared by or for Lessee concerning such compliance. Lessee hereby grants to Lessor, and the agents, employees, consultants and contractors of Lessor the right to enter the Premises and to perform such tests on the Premises as is reasonably necessary in the opinion of Lessor to conduct such review and investigations. Lessor shall use reasonable efforts to minimize interference with the business of Lessee and to restore the condition of the Premises, but Lessor shall not be liable for any interference caused thereby or for failure to restore if Lessor determines in its sole discretion that such restoration is not economically practicable. 18.6 Right to Remediate. Should Lessee fail to perform or observe any of its obligations or agreements pertaining to Hazardous Substances or Environmental Requirements, then Lessor shall have the right, but not the duty, without limitation of any other rights of Lessor hereunder, upon written notice of default to Lessee and following a reasonable time for Lessee to cure the default, to enter the Premises personally or through its agents, consultants or contractors and perform the same. Lessee agrees to indemnify Lessor for the costs thereof and liabilities therefrom as set forth above in this Article 18. 18.7 Release of Lessor. Lessee, on behalf of itself and its successors and assigns, hereby releases Lessor from any and all claims, demands, debts, liabilities, and causes of action of whatever kind or nature, whether known or unknown or suspected or unsuspected which Lessee may have, claim to have, or which may hereafter accrue against Lessor, arising out of or relating to or in any way connected with the presence, suspected presence, release or suspected release of any Hazardous Substances at any time, in or into the air, soil, groundwater, surface water or improvements at, on, about, under or within the Premises or any portion thereof, or elsewhere in connection with the transportation of Hazardous Substances to or from the Premises. In connection with the above release, Lessee hereby waives any and all rights conferred upon it by the provisions of Section 1542 of the California Civil Code, which reads as follows: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor, or by the provisions of any similar statute. 18.8 General Provisions. (a) The obligations of Lessee under this Article 18 shall not be affected by any investigation by or on behalf of Lessor, or by any information which Lessor may have or obtain with respect thereto. , (b) As used in this Article 18, the term "Lessor" shall include all of its affiliated organizations, and their respective trustees, directors, officers, employees, faculty, students, agents, and insurance carriers. (c) The provisions of this Article 18 shall survive any termination of this Lease. Gray CarykPA\10058630,2 191160530-901700 (d) The provisions of Article 19 (Insurance) shall not limit in any way Lessee’s obligations under this Article 18. ARTICLE 19.IMPOSITIONS; INSURANCE 19.1 Impositions. As Additional Rental hereunder, Lessee covenants and agrees to bear, discharge and pay to the relevant authority or entity, in lawful money of the United States, without offset or deduction, as the same become due, before delinquency, all taxes, assessments, rates, charges, license and permit fees, municipal liens, levies, excises or impositions, whether general or special, or ordinary or extraordinary, of every name, nature and kind whatsoever, including all governmental charges of whatsoever name, nature or kind that may be levied, assessed, charged or imposed or may be or become a lien or charge upon the Premises or any part thereof; or upon the rent or income of Lessee; or upon the use or occupancy of the Premises; or this transaction or any document creating or transferring an estate or interest in the Premises; upon any of the buildings or improvements that are hereafter placed, built or constructed upon the Premises; or upon the leasehold of Lessee or upon the estate hereby created; or upon Lessor by reason of its ownership of the fee underlying this Lease, commencing as of the Commencement Date and continuing throughout the Term, excluding any income taxes as may be assessed upon Lessor or any other taxes assessed, charged or imposed upon Lessor which are unrelated to the Premises. Lessee’s obligations described above include, but are not limited to, the payment of any bonds or charges imposed or required by any governmental agency or department by reason of the proposed or actual use, treatment, storage, discharge, cleanup or disposal, or oversight thereof, of Hazardous Substances by any governmental agency, Lessee, or any subtenant, tenant or licensee claiming through Lessee; provided, however, that this provision shall not, and shall not be deemed to, permit Lessee to use, treat, store or dispose of any such substances on the Premises. If at any time during the Term, under any Applicable Laws, any tax is levied or assessed against Lessor directly, in substitution in whole or in part for real property taxes, Lessee covenants and agrees to pay and discharge such tax. All of the foregoing taxes, assessments and other charges are herein referred to as "Impositions." 19.2 Receipts. Lessee shall obtain and deliver to Lessor, promptly upon payment thereof, receipts or duplicate receipts for all Impositions required to be paid by Lessee. 19.3 Right to Contest. Lessee shall have the fight to contest, by appropriate proceedings, the amount or validity, in whole or in part, of any Imposition, provided that Lessee shall not postpone or defer payment of such Imposition but shall pay such Imposition in accordance with Section 19.1 notwithstanding such contest. Lessor shall have no obligation to join in any such proceedings. Lessee shall indemnify and defend Lessor against and save Lessor harmless, in accordance with Article 20, from and against any and all claims, demands, losses, costs, liabilities, damages, penalties and expenses, including, without limitation, reasonable attorneys’ fees and expenses, arising from or in connection with any such proceedings. 19.4 Proration. Any Imposition relating to a fiscal period of any taxing authority, only a part of which period is included within the Term, shall be prorated as between Lessor and Lessee so that Lessor shall pay the portion thereof attributable to any period prior to the Commencement Date and subsequent to the Expiration Date of the Term, and Lessee shall pay the portion thereof attributable to any period during the Term. Lessee, however, shall pay all Gray Cary~PA\10058630.2 201160530-901700 personal property taxes, without proration, that relate to a fiscal year in which the Term hereof shall commence or terminate. 19.5 Assessment Proceedings. If at any time during the Term any governmental authority shall undertake to create an improvement or special assessment district the proposed boundaries of which shall include the Premises, Lessee shall be entitled to appear in any proceeding relating thereto and to exercise all rights of a landowner to have the Premises excluded from the proposed improvement or special assessment district or to determine the degree of benefit to the Premises resulting therefrom. However, Lessor retains to itself an independent right, but shall be under no obligation, to appear in any such proceeding for the purpose of seeking inclusion of the Premises in, or exclusion of the Premises from, any proposed improvement or special assessment district or of determining the degree of benefit therefrom to the Premises. The party receiving any notice or other information relating to the proposed creation of any improvement or special assessment district, the proposed boundaries of which include the Premises, shall promptly advise the other party in writing of such receipt. 19.6 Required Insurance. At all times during the Term and at its sole cost and expense, Lessee shall obtain and keep in force for the benefit of Lessee and Lessor as an additional insured the following insurance: (a) Property Insurance. All risks, fire and other perils, including extended coverage insurance on all Improvements. The amount of such insurance shall be the Full Insurable Replacement Value. Each such policy shall include an endorsement protecting the named and additional insureds against becoming a co-insured under the policy. Lessee hereby waives as against Lessor any and all claims and demands, of whatever nature, for damages, loss or injury to the Improvements and to the property of Lessee in, upon or about the Premises caused by or resulting from fire and/or other insured perils. "Full Insurable Replacement Value" means 100% of the actual costs to replace the Improvements (without deduction for depreciation but with standard exclusions such as foundations, excavations, paving and landscaping, as applicable to specific perils), including the costs of demolition and debris removal and including materials and equipment not in place but in transit to or delivered to the Premises. The Full Insurable Replacement Value initially shall be determined at Lessee’s expense by an appraiser or one of the insurers, selected by Lessee and acceptable to Lessor. Lessor or Lessee may at any time, but not more frequently than once in any twelve (12) month period, by written notice to the other, require the Full Insurable Replacement Value to be redetermined, at Lessee’s expense, by an appraiser or one of the insurers, selected by Lessee and reasonably acceptable to Lessor. Lessee shall maintain coverage at the current Full Insurable Replacement Value throughout the Term. (b) Worker’s Compensation and Employer’s Liability Insurance. Worker’s Compensation Insurance in the amounts and coverages required under worker’s compensation, disability and similar employee benefit laws applicable to the Premises, with all elective employment covered on a voluntary basis where permissible, and Employer’s Liability Insurance with limits not less than One Million Dollars ($1,000,000), or such higher amounts as may be required by law. Gray Cary~PA\10058630.2 211160530-901700 (c) Comprehensive GeneralLiability. Comprehensive general liability through one or more primary and umbrella liability policies against claims, including but not limited to, bodily injury and property damage occurring on the Premises or the streets, curbs or sidewalks adjoining the Premises, with such limits as may be reasonably required by Lessor from time to time and to adequately protect against the increased liability inherent in the operation of a child day care facility, but in any event not less than Three Million Dollars ($3,000,000), combined single limit and annual aggregate for the Premises, which Lessee shall increase as necessary during the Term to maintain adequate coverage over time which is comparable to the requirements in effect as of the execution of this Lease. Such insurance shall insure the performance by Lessee of the indemnity agreements contained in this Lease. If any governmental agency or department requires insurance or bonds with respect to any proposed or actual use, storage, treatment or disposal of Hazardous Substances by Lessee or any sublessee, tenant, or licensee of Lessee, Lessee shall be responsible for such insurance and bonds and shall pay all premiums and charges connected therewith; provided, however, that this provision shall not and shall not be deemed to modify the provisions of Article 16 hereof. Such insurance shall (i) delete any employee exclusion on personal injury coverage; (ii) include employees as additional insureds; (iii) provide for blanket contractual coverage, including liability assumed by and the obligations of Lessee under Article 18 for personal injury, death and/or property damage; (iv) provide Products and Completed Operations and Independent Contractors coverage and Broad Form Property Damage liability coverage without exclusions for collapse, explosion, demolition, underground coverage and excavating, including blasting; (v) provide aircraft liability coverage, if applicable, and automobile liability coverage for owned, non-owned and hired vehicles; (vi) provide liability coverage on all mobile equipment used by Lessee; and (vii) include a cross liability endorsement (or provision) permitting recovery with respect to claims of one insured against another. Such insurance shall insure against any and all claims for bodily injury, including death resulting therefrom, and damage to or destruction of property of any kind whatsoever and to whomever belonging and arising from Lessee’s operations hereunder and whether such operations are performed by Lessee or any of its contractors, subcontractors, or by any other person. (d) Other. All other insurance that Lessee is required to maintain under Applicable Laws. 19.7 Policy Form and General. (a) All of the insurance policies required under this Lease, including without limitation, under the provisions of Article 11 and this Article 17, and all renewals thereof shall be issued by one or more companies of recognized responsibility, authorized to do business in California with a financial rating of at least a Class B+--X (or its equivalent successor) status, as rated in the most recent edition throughout the Term of Best’s Insurance Reports (or its successor, or, if there is no equivalent successor rating, otherwise reasonably acceptable to Lessor). All property insurance hereunder shall name Lessor as an additional insured and all liability insurance shall name as additional insureds Lessor, and its directors, trustees, officers, agents, and employees, and such other parties as Lessor reasonably may request. Any deductibles or self insurance retention for any of the foregoing insurance must be agreed to in advance in writing by Lessor, at its sole discretion; all deductibles and self insurance retention shall be paid by Lessee. All insurance of Lessee shall be primary coverage. Gray Cary’ff’A\10058630.2 221160530-901700 (b) Each policy of property insurance and all other policies of insurance on the Premises and the Improvements, which shall be obtained by Lessee, whether required by the provisions of this Lease or not, shall be made expressly subject to the provisions of this Article 18 and shall provide that Lessee’s insurers shall waive any right of subrogation against Lessor. All policies provided for herein expressly shall provide that such policies shall not be canceled, terminated or altered without thirty (30) days’ prior written notice to Lessor. Each policy, or a certificate of the policy executed by the insurance company evidencing that the required insurance coverage is in full force and effect, shall be deposited with Lessor on or before the date of this Lease, shall be maintained throughout the Term, and shall be renewed, not less than thirty (30) days before the expiration of the term of the policy. Except for specific provisions described herein, no policy shall contain any provisions for exclusions from liability and no exclusion shall be permitted in any event if it conflicts with any coverage required hereby, and, in addition, no policy shall contain any exclusion from liability for personal injury or sickness, disease or death or which in any way impairs coverage under the contractual liability coverage described above. (c) No approval by Lessor of any insurer, or the terms or conditions of any policy, or any coverage or amount of insurance, or any deductible amount shall be construed as a representation by Lessor of the solvency of the insurer or the sufficiency of any policy or any coverage or amount of insurance or deductible and Lessee assumes full risk and responsibility for any inadequacy of insurance coverage or any failure of insurers. ARTICLE 20. INDEMNITY AND RELEASE 20.1 Indemnity. Lessee shall indemnify, protect, defend and save and hold harmless Lessor from and against, and reimburse Lessor for, any and all claims, demands, losses, damages, costs, liabilities, personal injuries, property damage, mechanic’s liens and other liens or encumbrances caused or permitted by Lessee, causes of action and expenses, including, without limitation, reasonable attorneys’ fees and expenses, incurred in connection with or arising, in whole or in part, in any way out of this Lease, any default by Lessee in the observance or performance of any of the terms, covenants or conditions of this Lease on Lessee’s part to be observed or performed, the use, occupancy or manner of use or occupancy of the Premises by Lessee or any sublessee, licensee, or any other person or entity, the conduct or management of any work or thing done in Or on the Premises, the design, construction, maintenance, or condition of any Improvements, the condition of the Premises during the Term, any actual or alleged acts, omissions, or negligence of Lessee or of the sublessees, contractors, agents, servants, employees, visitors or licensees of Lessee, in, on or about the Premises or other of Lessor’s lands, and any accident or other occurrence on the Premises from any cause whatsoever, except to the extent caused by the gross negligence or willful misconduct of Lessor. In case any claim, action or proceeding be brought, made or initiated against Lessor relating to any of the above described events, acts, omissions, occurrences, or conditions, Lessee, upon notice from Lessor, shall at its sole cost and expense, resist, or defend such claim, action or proceeding by attorneys approved by Lessor. Notwithstanding the foregoing, Lessor may retain its own attorneys to defend or assist in defending any claim, action or proceeding involving potential liability of One Hundred Thousand Dollars ($100,000) or more, or in the alternative Three Hundred Thousand Dollars ($300,000) or more if Lessee is joined in such defense and indemnity obligation by a creditworthy party acceptable to Lessor in Lessor’s sole and absolute discretion, and Lessee shall pay the reasonable fees and disbursements of such attorneys. Gray CarykPA\ 10058630.2 231160530-901700 20.2 Release. Except as set forth herein, Lessor shall not be responsible for, and Lessee hereby waives any and all claims and causes of action whatsoever of any kind or nature against Lessor for, any injury, loss, damage or liability to any person or property in or about the Premises or in any way connected with the Premises or this Lease, from any cause whatsoever (other than caused by the gross negligence or willful misconduct of Lessor). As used in this Article 19, the term "Lessor" shall include all of Lessor’s affiliated organizations and their respective trustees, directors, officers, employees, faculty, students, agents, and insurance carriers. The provisions of this Article 19 shall survive any termination of this Lease. The provisions of Article 18 (Insurance) shall not limit in any way Lessee’s obligations under this Article 19. ARTICLE 21. APPROPRIATION, DAMAGE OR DESTRUCTION 21.1 No Termination. No Appropriation nor any loss or damage by fire or other cause resulting in either partial or total destruction of the Premises, the Improvements or any other property on the Premises shall, except as otherwise provided herein, operate to terminate this Lease. Unless this Lease is terminated pursuant to and in accordance with this Article 21, and except as expressly provided in Section 21.3 below with respect to reduction of Rent in the event of a partial Appropriation, no such Appropriation, loss or damage shall relieve or discharge Lessee from the payment of Rent or from the performance and observance of any of the agreements, covenants and conditions herein contained on the part of Lessee to be performed and observed. Lessee hereby expressly waives the provisions of Sections 1932(2) and 1933(4) of the California Civil Code, or any amendments thereto or any similar law, statute or ordinance now or hereafter in effect. Notwithstanding the foregoing, Lessee expressly covenants and agrees that Lessee shall not exercise its powers of eminent domain to cause an appropriation of the Premises to occur during the term of this Lease or for a period of one year thereafter. 21.2 Evaluation of Effect of Damage or Appropriation. Upon the occurrence of any event of damage or destruction to the Premises or the Improvements or any portion thereof, Lessee shall promptly undertake to determine the extent of the same and the estimated cost and time to repair’ and restore the Improvements in accordance with the provisions of this Lease. Lessee shall notify Lessor of its estimation of such cost and time not later than ninety (90) days after the occurrence of the damage or destruction. Upon any Appropriation of less than the entire Premises, Lessee shall promptly undertake to determine the effect of such Appropriation on the remaining portion of the Premises and the function of the Premises and, if this Lease is not terminated pursuant to and in accordance with this Article 21, the cost and time to make any repairs and Alterations to the remaining portion of the Premises necessary in order for the Premises to be restored to an economically viable whole capable of operation in accordance with this Lease. Lessee shall notify Lessor of its estimation of such cost and time not later than ninety (90) days after the occurrence of the Appropriation. 21.3 Partial Appropriation; Amendment; Duty to Restore. If less than the entire Premises is subject to an Appropriation and this Lease is not terminated by either party pursuant to and in accordance with this Article 21, (i) this Lease shall be deemed terminated as to the part so Appropriated as of the date of Appropriation and shall be d~emed amended, effective as of the effective date of such Appropriation, such that the definition of the "Premises" shall include only that portion of the land described in Exhibit A that is not subject to such Appropriation. Lessee, as promptly as practicable and with all due diligence, shall cause the repair or reconstruction of Gray Cary~PA\10058630.2 241160530-901700 or the making of Alterations to the Improvements as necessary to restore the Impr~ments to a fully functioning whole with all facilities necessary to operate the Premises in accordance with this Lease. 21.4 Damage or Destruction; Duty to Restore. If the Premises or the Improvements, or any portion thereof, are damaged or destroyed at any time during the Term and this Lease is not terminated pursuant to and in accordance with this Article 21, Lessee, as promptly as practicable and with all due diligence, shall cause the repair, reconstruction and replacement of the Improvements to a condition substantially equal to or better than their condition immediately prior to such damage or destruction and, except as otherwise approved in writing by Lessor, to their same general appearance in accordance with the original design drawings. 21.5 Performance of Repairs, Restoration and Alterations. All repairs, and restorations, as well as any Alterations, shall be performed in accordance with the provisions of Article 12 of this Lease. Unless this Lease is terminated pursuant to Section 21.6 or Section 21.7, all insurance proceeds and all Awards received by or payable to any party with respect to such damage or Appropriation, less actual costs and expenses incurred in connection with the collection thereof, shall be applied to the costs of repair, restoration and Alteration, as the case may be, of the Premises and the Improvements in accordance with the provisions of this Article 21 and Article 12 hereof. Lessee shall pay any amount by which the Award or insurance proceeds received as a result of such damage or Appropriation, less the costs and expenses incurred in connection with the collection thereof, are insufficient to pay the entire cost of such repair, restoration or Alterations. Unless Lessee covenants to spend any amounts in excess of the Award or insurance proceeds to make repairs, restorations and/or Alterations, this Lease shall terminate and the Award or insurance proceeds shall be allocated to the parties in accordance with the following provisions of this Article 21. Further, Lessee shall be responsible for replacing and restoring all furniture, fixtures and equipment and other personal property necessary for the operation of the Premises in accordance with this Lease. 21.6 Option to Terminate Upon Damage or Destruction. In the event any casualty causes material damage to or destruction of the Premises or the Improvements or any portion thereof at any time during the Term, then Lessee shall have the option to terminate this Lease, exercisable as provided below. 21.7 Option to Terminate Upon Appropriation. If during the Term the entire Premises or such substantial portion thereof shall be Appropriated that such Appropriation makes the continued operation of the remaining portion of the Premises for the purposes permitted hereunder infeasible, then Lessor and Lessee shall each have the option to terminate this Lease. 21.8 Termination; Lessee’s Obligation to Restore; Arbitration. Any party having the option to terminate this Lease pursuant to this Article 21 may exercise such option by giving written notice to the other party, within one hundred twenty (120) days after the occurrence of the event of damage or destruction, or within thirty (30) days after the Appropriation, as the case may be. If either party elects to terminate this Lease pursuant to this Article 21, Lessee shall surrender the Premises to Lessor in accordance with the provisions of Article 26, except to the extent the damage, destruction or Appropriation prevents Lessee from so doing. If either party elects to terminate this Lease pursuant to this Article 21, all Awards with respect to Lessee’s interests and all Awards for severance damages and all proceeds of insurance payable with Gray CarykPA\10058630.2 251160530-901700 respect to such Appropriation or damage to, or destruction of the Improvements and other property located on the Premises, after payment of costs and expenses of collection thereof, shall first be applied to the costs of demolition, removal, restoration, and remediation, provided that Lessee’s obligations under Article 26 shall not be limited by the amount of any such Award or insurance proceeds, and then, to the extent of any remaining insurance proceeds, to the cost of the repair and restoration of any Improvements Lessor elects to retain on the Premises. The balance, if any, of such Awards or insurance proceeds, shall be distributed as provided in Section 21.10. Should Lessor and Lessee for any reason disagree as to whether the conditions provided in this Article 21 to the parties’ rights to elect to terminate this Lease have occurred, the matter shall be determined by arbitration. 21.9 Determination of Award. The amount of the Award due to Lessor and Lessee as a result of Appropriation shall be separately determined by the court having jurisdiction of such proceedings based on the following: Lessor shall be entitled to that portion of the Award attributable to the value of the fee interest in the Premises (or portion thereof subject to Appropriation, in case of a partial Appropriation) as if the Premises were not subject to this Lease, as determined by the court; Lessee shall be entitled to the value of Lessee’s interest in the Improvements (or portion thereof subject to Appropriation, in case of a partial Appropriation), as determined by the court. 21.10 Excess Proceeds and Awards for Lessee’s Interests. If the total Award made in connection with any Appropriation for Lessee’s interests, and for severance damages to both Lessee’s and Lessor’s interests, exceeds the amount necessary to repair, restore or construct Alterations as required under this Article 21, or if there are proceeds of insurance in excess of that required to repair or restore the Premises and the Improvements as required under this Article 20, upon receipt by Lessor of satisfactory evidence that the work of repair, restoration and construction required under this Article 21 has been fully completed and paid for in accordance with the provisions of Article.12 and that the last day for filing any mechanic’s or materialmen’s liens has passed without the filing of any, or if filed, any such lien has been released, any remaining proceeds of insurance shall be paid to Lessee. 21.11 Right to Participate in Settlement. Lessor and Lessee shall both have the right to participate in the settlement or compromise of any insurance proceeds and Awards provided that all such proceeds and Awards shall be paid to Lessor and held by Lessor for application in accordance with the provisions of this Article 21. If in any Appropriation the court does not make the allocation of Awards referred to in Section 21.9 and the parties cannot agree upon such allocations, such allocations shall be determined by arbitration. 21.12 Emergency Repairs. If a casualty occurs there is a substantial possibility that immediate emergency repairs will be required to eliminate defective or dangerous conditions and to comply with Applicable Laws pending settlement of insurance claims and prior to procuring bids for performance of restoration work. Notwithstanding any provision of this Article 21 to the contrary, Lessee shall promptly undertake such emergency repair work after a casualty as is necessary or appropriate under the circumstances to eliminate defective or dangerous conditions and to comply with Applicable Laws. Gray Cary~PA\10058630.2 261160530-901700 ARTICLE 22.ASSIGNMENT AND SUBLETTING Lessor is entering into this Lease in reliance on the particular and unique resources and reputation of Lessee and Lessor would not enter into this Lease except for such particular and unique resources and reputation. Subject to Section 7.1 (regarding a specified right of Lessee to encumber its Leasehold Estate) and Section 7.6 (regarding certain specified transfers of Lessee’s interest in its Leasehold Estate; Section 7.6 is subject to Section 7.11) hereof, the parties expressly agree that Lessee shall not directly or indirectly, voluntarily or by operation of law, sell, assign, sublet, encumber, pledge or otherwise transfer or hypothecate its interest in or rights with respect to the Premises or Lessee’s leasehold estate therein or the Improvements; provided, however, that upon Lessor’s prior written approval, which approval shall not be unreasonably withheld or delayed. For purposes hereof, it shall not be deemed reasonable for Lessor to disapprove an assignment or subletting to a Qualified Party. As used in this Lease, the term "Qualified Party" means a person or entity that is financially qualified and sufficiently experienced in and licensed for the operation and management of a child day care facility and has been approved in writing by City pursuant the Implementation Agreement, and that has agreed in writing to comply with the Operations Standards, as the same may be amended from time to time, and whose use of the Premises shall be consistent with the Premises Use Restrictions as set forth in Section 9.1. Any attempted assignment or subletting in violation of this Article 22 shall be void and shall constitute a breach of this Lease. ARTICLE 23. LESSOR’S RIGHT OF INSPECTION Lessor shall be entitled, at all reasonable times and following advance notice to Lessee, to go upon and into the Premises and the Improvements for the purposes of (a) inspecting the same, (b) inspecting the performance by Lessee of the terms, covenants, agreements and conditions of this Lease, (c) posting and keeping posted thereon notices of non-responsibility for any construction, alteration or repair thereof, as required or permitted by any law or ordinance, and (d) any other lawful purposes. ARTICLE 24. EVENT OF DEFAULT AND LESSOR’S REMEDIES 24.1 Events of Default. The occurrence of any of the following shall be an Event of Default on the part of Lessee hereunder: (a) Failure to pay Rent at the times or in the manner herein provided, when such failure shall continue for a period of ten (10) days after written notice thereof from Lessor to Lessee and to the City; any such notice shall be deemed to be the notice required under California Code of Civil Procedure Section 1161. No such notice shall be deemed a forfeiture or a termination of this Lease unless Lessor expressly so elects in such notice. (b) Failure to perform any express or implied nonmonetary provision of this Lease when, except in the case of any provision which by its terms provides for no grace period, such failure shall continue for a period of thirty (30) days, or such other period as is expressly set forth herein, after written notice thereof from Lessor to Lessee and to the City; any such notice shall be deemed to be the notice required under California Code of Civil Procedure Section 1161; provided that if the nature of the default is such that it will reasonably take more than thirty (30) days to cure, Lessee shall not be in default so long as Lessee or the City Gray Cary~PA\10058630.2 271160530-901700 promptly commences and diligently prosecutes such cure to completion. No notice of default. shall be deemed a forfeiture or a termination of this Lease unless Lessor expressly so elects in such notice. (c) Subject to Section 9.2, the vacation of the Premises for a period of thirty (30) consecutive days or more except in connection with repair, restoration or Alterations undertaken pursuant to and in accordance with Articles 12 or 21 hereof, or the abandonment of the Premises. (d) The failure to be or remain a Qualified Party, as determined by the City pursuant to the Implementation Agreement. 24.2 Lessor’s Remedies. Upon the occurrence of an Event of Default, Lessor shall have the following rights and remedies: (a) The right to terminate this Lease, subject to Lender’s right to (A) exercise its Foreclosure Rights during the Foreclosure Rights Period, and (B) cure Lessee’s defaults (as more fully set forth in Section 7.4). In the event Lender does not timely exercise its Foreclosure Rights and cure rights under Section 7.4, Lessor may terminate this Lease, subject to City’s right to exercise City’s Tenant Replacement Right. In the event of a termination hereunder, Lessee shall immediately surrender possession of the Premises in accordance with Article 27, and pay to Lessor all Rent and other charges and amounts due from Lessee hereunder to the date of termination. (b) The rights and remedies described in California Civil Code Section 1951.2, including without limitation, the right to recover the worth at the time of award of the amount by which the Rent payable hereunder for the balance of the Term after the time of award exceed the amount of such rental loss for the same period that Lessee proves could be reasonably avoided, as computed pursuant to subdivision (b) of said Section 1951.2, and the right to recover any amount necessary to compensate Lessor for all the detriment proximately caused by Lessee’s failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result therefrom which, without limiting the generality of the foregoing, includes unpaid taxes and assessments, any costs or expenses incurred by Lessor in recovering possession of the Premises, maintaining or preserving the Premises after such default, preparing the Premises for reletting to’a new lessee, any repairs or alterations to the Premises for such reletting, leasing commissions, architect’s fees and any other costs necessary or appropriate either to relet the Premises or to adapt them to another beneficial use by Lessor and such amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable California law. (c) The rights and remedies described in California Civil Code Section 1951.4 that allow Lessor to continue this Lease in effect and to enforce all of its rights and remedies under this Lease, including the right to recover Rent as it becomes due, for so long as Lessor, does not terminate Lessee’s right to possession. Acts of maintenance or preservation, efforts to relet the Premises or the appointment of a receiver upon Lessor’s initiative to protect its interest under this Lease shall not constitute a termination of Lessee’s right to possession. (d) The right and power, as attorney in fact for Lessee, to enter and to sublet the Premises, to collect rents from all subtenants and to provide or arrange for the provision of all Gray CarykPA\10058630.2 281160530-901700 services and fulfill all obligations of Lessee, and Lessor is hereby authorized on behalf of Lessee, but shall have absolutely no obligation, to provide such services and fulfill such obligations and to incur all such expenses and costs as Lessor deems necessary in connection therewith. Lessee shall be liable immediately to Lessor for all costs and expenses Lessor incurs in collecting such rents and arranging for or providing such services or fulfilling such obligations. Lessor is hereby authorized, but not obligated, to relet the Premises or any part thereof on behalf of Lessee, to incur such expenses as may be necessary to effect a relet and make said relet for such term or terms, upon such conditions and at such rental as Lessor in its sole discretion may deem proper. Lessee shall be liable immediately to Lessor for all reasonable costs Lessor incurs in reletting the Premises including, without limitation, brokers’ commissions, expenses of remodeling the Premises required by the reletting, and other costs. If Lessor relets the Premises or any portion thereof, such reletting shall not relieve Lessee of any obligation hereunder, except that Lessor shall apply the rent or other proceeds actually collected by it as a result of such reletting against any amounts due from Lessee hereunder to the extent that such rent or other proceeds compensate Lessor for the nonperformance of any obligation of Lessee hereunder. Such payments by Lessee shall be due at such times as are provided elsewhere in this Lease, and Lessor need not wait until the termination of this Lease, by expiration of the Term hereof or otherwise, to recover them by legal action or in any other manner. Lessor may execute any lease made pursuant hereto in its own name, and the lessee thereunder shall be under no obligation to see to the application by Lessor of any rent or other proceeds, nor shall Lessee have any right to collect any such rent or other proceeds. Lessor shall not by any reentry or other act be deemed to have accepted any surrender by Lessee of the Premises or Lessee’s interest therein, or be deemed to have otherwise terminated this Lease, or to have relieved Lessee of any obligation hereunder, unless Lessor shall have given Lessee express written notice of Lessor’s election to do so as set forth herein. (e) The right to enjoin, and any other remedy or right now or hereafter available to a lessor against a defaulting lessee under the laws of the State of California or the equitable powers of its courts, and not otherwise specifically reserved herein. 24.3 Commencement of Actions. Any legal action by Lessor to enforce any obligation of Lessee or in the pursuit of any remedy hereunder shall be deemed timely filed if commenced at any time Prior to one (1) year after the expiration or termination of the Term hereof or prior to the expiration of the statutory limitation period that would be applicable except for this Section 24.3, whichever period expires later. 24.4 Rights Cumulative. The various rights and remedies reserved to Lessor herein, including those not specifically described herein, shall be cumulative and shall be in addition to every other right or remedy provided for in this Lease or now or hereafter existing at law or in equity and the exercise of the rights or remedies provided for in this Lease or now or hereafter existing at law or in equity shall not preclude the simultaneous or later exercise by Lessor of any or all other rights and remedies. ARTICLE 25. LESSOR’S RIGHT TO CURE DEFAULTS If Lessee shall fail or neglect to do or perform any act or thing herein provided by it to be done or performed and such failure shall not be cured within any applicable grace period provided in Article 24, then, notwithstanding any other provision of this Lease, Lessor shall have Gray CarykPA\10058630.2 291160530-901700 the right, but shall have no obligation, to pay any Imposition payable by Lessee hereunder, discharge any lien, take out, pay for and maintain any insurance required under Article 19, or do or perform or cause to be done or performed any such other act or thing (entering upon the Premises for such purposes, if Lessor shall so elect), and Lessor shall not be or be held liable or in any way responsible for any loss, disturbance, inconvenience, annoyance or damage resulting to Lessee on account thereof, and Lessee shall repay to Lessor upon demand the entire reasonable cost and expense thereof, including, without limitation, compensation to the agents, consultants and contractors of Lessor and reasonable attorneys’ fees and expenses. Lessor may act upon shorter notice or no notice at all if necessary in Lessor’s reasonable judgment to meet an emergency situation or governmental time limitation or otherwise to protect Lessor’s interest in the Premises. Lessor shall not be required to inquire into the correctness of the amount or validity of any Imposition or lien that may be paid by Lessor, and Lessor shall be duly protected in paying the amount of any such Imposition or lien claimed, and, in such event, Lessor shall also have the full authority, in Lessor’s sole judgment and discretion and without prior notice to or approval by Lessee, to settle or compromise any such lien or Imposition. Any act or thing done by Lessor pursuant to the provisions of this Article 25 shall not be or be construed as a waiver of any default by Lessee, or as a waiver of any term, covenant, agreement or condition herein contained or of the performance thereof. All amounts payable by Lessee to Lessor under any of the provisions of this Lease, if not paid when the same become due as in this Lease provided, shall bear interest at the maximum rate allowed by law. ARTICLE 26. SURRENDER OF THE PREMISES Upon the termination of this Lease, whether at the expiration of the Term as stated in Article 4 hereof or prior thereto pursuant to any provision hereof, Lessee shall remediate on, from, or under the Premises any Hazardous Substances to the extent resulting from any Hazardous Substances Occurrence, and surrender to Lessor the Premises in good order and repair, reasonable wear and tear excepted, and free and clear of all liens and encumbrances. Upon any termination of this Lease, all Improvements shall automatically and without further act by Lessor or Lessee, become the property of Lessor, free and clear of any claim or interest therein on the part of Lessee or anyone claiming under Lessee, and without payment therefor by Lessor; provided that Lessee may remove any fixtures that can be removed without damage to the Premises, and provided further that Lessor reserves the right to require Lessee, in the alternative, to remove the Improvements from the Premises. In the event Lessor elects to retain the Improvements on the Premises upon or at any time after the Termination Date, if requested by Lessor, Lessee shall, without charge to Lessor, promptly execute, acknowledge and deliver to Lessor a good and sufficient quitclaim deed and bill of sale of all of Lessee’s right, title, and interest in and to the Premises and the Improvements. Lessee hereby irrevocably appoints Lessor as its lawful attorney in fact to execute and deliver for, on behalf of and in the name of Lessee, any such deed, bill of sale, or other instrument referred to in this Article 26 or otherwise, required to document the transfer or reversion to Lessor of such interests of Lessee, and Lessee and Lessor agree that such power of attorney shall be a power coupled with an interest. Any personal property of Lessee that remains on the Premises after the Termination Date may, at the option of Lessor, be deemed to have been abandoned by Lessee and may either be retained by Lessor as its property or disposed of, without accountability, in such manner as Lessor may determine in its sole discretion. Gray CaryWA\10058630,2 301160530-901700 ARTICLE 27. USE OF NAME Lessee shall not use any such name or any variation thereof or identify Lessor in any promotional advertising or other promotional materials to be disseminated to the public or any portion thereof or use any trademark, service mark, trade name or symbol of Lessor or that is associated with it, without Lessor’s prior written consent, which may be given or withheld in Lessor’s sole discretion. ARTICLE 28.REPRESENTATIONS AND WARRANTIES OF LESSEE Lessee hereby represents and warrants to Lessor as follows: (a) Lessee is a corporation duly formed and validly existing under the laws of the state of California and is qualified to do business under the laws of the State of California. Lessee has full corporate power and authority to enter into and perform its obligations under this Lease and to develop, construct and operate the Premises as contemplated by this Lease. (b) Lessee has taken all necessary action to authorize the execution, delivery and performance of this Lease and this Lease constitutes the legal, valid, and binding obligation of Lessee. (c) Lessee has the right, power, legal capacity and authority to enter into and perform its obligations under this Lease and no approvals or consents of any person are required in connection with the execution and performance of this Lease. The execution and performance of this Lease will not result in or constitute any default or event that with notice or the lapse of time or both, would be a default, breach or violation of the organizational instruments governing Lessee or any agreement or any order or decree of any court or other governmental authority to which Lessee is a party or to which it is subject. ARTICLE 29. NO WAIVER BY LESSOR OR LESSEE No failure by Lessor or Lessee to insist upon the strict performance of any term, covenant, agreement, provision, condition or limitation of this Lease or to exercise any right or- remedy upon a breach thereof, and no acceptance by Lessor of full or partial Rent during the continuance of an such breach, shall constitute a waiver of any such breach or of such term, covenant, agreement, provision, condition or limitation. No term, covenant, agreement, provision, condition or limitation of this Lease and no breach thereof may be waived, altered or modified except by a written instrument executed by Lessor or Lessee. No waiver of any breach shall affect or alter this Lease but each and every term, covenant, agreement, provision, condition and limitation of this Lease shall continue in full force and effect with respect to any other then existing or subsequent breach. ARTICLE 30. NO PARTNERSHIP It is expressly understood that neither Lessee nor Lessor is or becomes, in any way or for any purpose, a partner of the other in the conduct of its business, or otherwise, or joint venturer or a member of a joint enterprise with the other, or agent of the other by reason of this Lease or otherwise. Gray CarykOA\10058630.2 311160530-901700 ARTICLE 31. NO DEDICATION This Lease shall not be, nor be deemed or construed to be, a dedication to the public of the Premises, the areas in which the Premises are located or the Improvements, or any portion thereof. ARTICLE 32. NO THIRD PARTY BENEFICIARIES This Lease shall not confer nor be deemed nor construed to confer upon any person or entity, other than the parties hereto, any right or interest, including, without limiting the generality of the foregoing, any third party beneficiary status or any right to enforce any provision of this Lease. ARTICLE 33. NOTICES Any notice, consent or other communication required or permitted under this Lease shall be in writing and shall be delivered by hand, sent by air courier, sent by prepaid registered or certified mail with return receipt requested, or sent by facsimile, and shall be deemed to have been given on the earliest of (i) receipt, (ii) one business day after delivery to an air courier for overnight expedited delivery service, or (iii) five (5) business days after the date deposited in the United States mail, registered or certified, with postage prepaid and return receipt requested (provided that such return receipt must indicate receipt at the address specified) or on the day of its transmission by facsimile if transmitted during the business hours of the place of receipt, otherwise on the next business day. All notices shall be addressed as appropriate to the addresses set forth in Article 1 (or to such other or further addresses as the parties may designate by notice given in accordance with this section). ARTICLE 34. HOLDING OVER This Lease shall terminate upon the Termination Date and any holding over by Lessee after the Termination Date shall not constitute a renewal of this Lease or give Lessee any rights hereunder or in or to the Premises. ARTICLE 35. NONDISCRIMINATION In performing the obligations set forth herein, Lessee shall not discriminate against any person on the basis of race, age, creed, cohabitation, sexual preference, gender, color, ancestry, national origin, heritage, religion or physical or mental disability. ARTICLE 36. MEMORANDUM This Lease shall not be recorded. However, at the request of either party, the parties hereto shall execute and acknowledge a memorandum hereof in recordable form that Lessor shall file for recording in the Official Records of Santa Clara County. ARTICLE 37. GENERAL PROVISIONS 37.1 Severability. In case any one or more of the provisions of this Lease shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality Gray Cary~PA\10058630.2 321160530-901700 or unenforceability shall not affect any other provision of this Lease, and this Lease shall be construed as if such invalid, illegal or unenforceable provisions had not been contained herein. 37.2 Time of the Essence. Time is hereby expressly declared to be of the essence of this Lease and of each and every term, covenant, agreement, condition and provision hereof. 37.3 Headings. Article, Section and subsection headings in this Lease are for convenience only and are not to be construed as a part of this Lease or in any way limiting or amplifying the provisions hereof. 37.4 Lease Construed as a Whole. The language in all parts of this Lease shall in all cases be construed as a whole according to its fair meaning and not strictly for or against either Lessor or Lessee. The parties acknowledge that each party and its counsel have reviewed this Lease and participated in its drafting and therefore that the rule of construction that any ambiguities are to be resolved against the drafting party shall not be employed nor applied in the interpretation of this Lease. No prior draft of this Lease shall be admissible as evidence of the parties’ intent. 37.5 Meaning of Terms. Whenever the context so requires, the neuter gender shall include the masculine and the feminine, and the singular shall include the plural, and vice versa. Any reference to a specific sum of money, shall mean that amount of lawful money of the United States of America. 37.6 Attorneys’ Fees. In the event of any action or proceeding at law or in equity between Lessor and Lessee to enforce or interpret any provision of this Lease or to protect or establish any right or remedy of either party hereunder, the party not prevailing in such action or proceeding shall pay to the prevailing party all costs and expenses, including without limitation, reasonable attorneys’ fees and expenses (including attorneys’ fees and expenses of in-house attorneys), incurred therein by such prevailing party and if such prevailing party shall recover judgment in any such action or proceeding, such costs, expenses and attorneys’ fees shall be included in and as a part of such judgment. 37.7 California Law; Forum. The laws of the State of California, other than those laws denominated choice of law rules which would require the application of the laws of another forum, shall govern the validity, construction and effect of this Lease. This Lease is made and all obligations hereunder arise and are to be performed in the County of Santa Clara, State of California. Any action which in any way involves the rights, duties and obligations of the parties hereto may (and if against Lessor, shall) be brought in the courts of the State of California located in Santa Clara County or in the United States District Court for the Northern District of California, and the parties hereto hereby submit to the personal jurisdiction of said courts. 37.8 Binding Agreement. Subject to the provisions of Article 21 of this Lease, the terms, covenants and agreements contained in this Lease shall bind and inure to the benefit of the parties hereto and their respective successors and assigns. 37.9 Entire Agreement. This instrument, together with the exhibits hereto, all of which are incorporated herein by reference, constitutes the entire agreement between Lessor and Lessee with respect to the subject matter hereof and supersedes all prior offers, negotiations, oral Gray CaryWA\10058630.2 331160530-901700 and written. This Lease may not be amended or modified in any respect whatsoever except by an instrument in writing signed by Lessor and Lessee, and approved in writing by the City. 37.10 Quiet Enjoyment. Lessor agrees that Lessee, upon paying Rent and all other sums due hereunder and upon keeping and observing all of the covenants, agreement and provisions of this Lease on its part to be observed and kept, shall, subject to the exceptions and reservations referred to in Article 2, lawfully and quietly hold, occupy and enjoy the Premises during the Term without hindrance or molestation by anyone claiming by, through, or under Lessor. 37.11 Brokers. Each party warrants to the other that it has not dealt with any real estate agents or brokers with respect to this Lease. Each party agrees to indemnify, defend and hold the other harmless from all loss, cost and expense incurred as a result of the breach of this warranty. ARTICLE 38. SUBORDINATION AND NONDISTURBANCE This Lease and the rights of Lessee hereunder, shall be subordinate to any mortgage, deed of trust, or any other hypothecation or security now or hereafter placed upon the Premises or any portion thereof and to any and all advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof. Lessee agrees to execute any documents requires to effectuate such subordination of Lessee’s right under this Lease in favor of any existing or future lenders or Lessor. Notwithstanding such subordination, Lessee’s right to quiet possession of the Premises shall not be disturbed if Lessee is not in default beyond any applicable notice and cure period and so long as Lessee shal! pay the rent and observe and perform all of the terms and provisions of this Lease, unless this Lease is otherwise terminated pursuant to its terms. Lessor agrees to execute any documents required to effectuate a nondisturbance agreement from any and all existing and future lenders of Lessor. Gray CarykPA\10058630.2 341160530-901700 IN WITNESS WHEREOF, Lessor and Lessee have executed this Lease by proper persons thereunto duly authorized as of the date first above written. THE PALO ALTO MEDICAL FOUNDATION FOR HEALTH CARE, RESEARCH AND EDUCATION, a Califomia corporation By Its CHILDREN’S CREATIVE LEARNING CENTER, INC., a Califomia corporation By Its The foregoing Ground Lease is hereby approved as of this day of ., 2000. ATTEST CITY OF PALO ALTO City Clerk APPROVED AS TO FORM: By: Mayor Senior Asst. City Attomey APPROVED: City Manager APPROVED AS TO CONTENT: Director of Administrative Services Gray Cary~PA\10058630.2 3 51160530-901700 LEGAL DESCRIPTION ~ REAL PROPERTY in the City of Palo Alto, County of Santa Clara, State of California, described as follows: Lots 5, 6, 7, 8, and 9 In Block 9, as shown upon that certain Map entitled, "Morris and G~:eenwood Subdivision of Block 9 University Park", which Map was filed for record in the office of the Recorder of the County of Santa Clam, State of California on April 15. 1890 in Book "D" of Maps, page 189. described as follows: Beginning at the point of intersection of the Southwesterly line of Ramona Street, formerly Wadsworth Street with the Northwesterly’ line of Channing Avenue, running thence Southwesterly along said Northwesterly line of Channing Avenue t2~ feet; thence at e right angle Northwesterly 100 feet: thence at a right angle 125 feet to said Southwesterly line of Ramona Street; thence eta right angle Southeasterly along said Southwesterly !lne of Ramona Street 100 feet to the point of beginning. APN:120-28-030 ARB:120-28-030 Exhibit "A" A_p_p_endix 1 As used in this Lease, the following terms shall have the following meanings, applicable, as appropriate, to both the singular and plural forms of the terms herein defined: "Additional Rental" is as defined in Article 6. "Alterations" means any additional exterior improvements, alterations, remodeling, or reconstruction of or to the Improvements which are visible from the exterior of the Improvements after the completion of the initial construction of the Improvements. "Annual Rental" means the amount stated in the Basic Lease Information, and payable in accordance with Article 5. "Applicable Laws" means all applicable laws, codes, ordinances, orders, rules, regulations and requirements, including, without limitation, the California Child Day Care Facilities Act, all Environmental Requirements, of all Federal, state, county, municipal and other governmental authorities and the departments, commissions, boards, bureaus, instrumentalities, and officers thereof, and all orders, rules and regulations of the Pacific Fire Rating Bureau, and the American Insurance Association (formerly the National Board of Fire Underwriters) or any other body exercising similar functions relating to or affecting the Premises, the Improvements now or hereafter located on the Premises or the use, operation or occupancy of the Premises for the purposes permitted hereunder, whether now existing or hereafter enacted. "Appropriation" means any taking by exercise of right of condemnation (direct or inverse) or eminent domain, or requisitioning by military or other public authority for any purpose arising out of a temporary emergency or other temporary circumstance or sale under threat of condemnation. "Appropriated" means having been subject to such taking and "Appropriating" means exercising such taking authority. "Award" means the amount paid by the Appropriating authority as a result of an Appropriation. "Basic Lease Information" means the information contained in Article 1. "City’s Tenant Replacement Right" and "City’s Tenant Replacement Right Period" are as defined in Article 11. "Commencement Date" is as stated in the Basic Lease Information. "Environmental Damages" means all claims, demands, judgments, damages, losses, penalties, fines, liabilities (including strict liability), encumbrances, liens, costs, and expenses of investigation and defense of any claim, whether or not such claim is ultimately defeated, and of any good faith settlement of judgment, of whatever kind or nature, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, including without limitation reasonable attorneys’ fees and disbursements and consultants’ fees, any of which are incurred at any time as a result of a Hazardous Substance Occurrence, including, without limitation: Gray Cary~PA\10058630.2 3 61160530-901700 (i) Damages for personal injury, or injury to property or natural resources occurring upon or off of the Premises, foreseeable or unforeseeable, including, without limitation, lost profits, consequential d ~amages, the cost of demolition and rebuilding of any improvements on real property, interest and penalties, and claims brought by or on behalf of employees of Lessee, with respect to which Lessee waives any immunity to which it may be entitled under any industrial or worker’s compensation laws; (ii) Fees incurred for the services of attomeys, consultants, contractors, experts, laboratories and all other costs incurred in connection with the investigation or remediation of Hazardous Substances or violation of Environmental Requirements, including, but not limited to, preparation of feasibility studies or reports, or the performance of any cleanup, remediation, removal, response, abatement, containment, closure, restoration or monitoring work required by any federal, state or local governmental agency or political subdivision, or reasonably necessary to make full economic use of the Premises or any other property or otherwise expended in connection with such conditions, and including without limitation any attorneys’ fees, costs and expenses incurred in enforcing this Lease or collecting any sums due hereunder; (iii) Liability to any third person or governmental agency to indemnify such person or agency for costs expended in connection with the items referenced in subsection (ii) above; (iv) Diminution in the value of the Premises, and damages for the loss of business and restriction on the use of, or adverse impact on the marketing of, rentable or usable space or any amenity of the Premises. "Environmental Requirements" means all applicable present and future statutes, regulations, rules, ordinances, codes, licenses, permits, orders, approvals, plans, authorizations, concessions, franchises, and similar items, and all amendments thereto, of all governmental agencies, departments, commissions, boards, bureaus or instrumentalities of the United States, California, and political subdivisions thereof, and all applicable judicial, administrative and regulatory decrees, judgments, and orders relating to the protection of human health or the environment, including, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. Section 9601 et seq.) and the Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.) and including, without limitation: (i) all requirements pertaining to reporting, licensing, permitting, investigation and remediation of emissions, discharges, releases, or threatened releases of Hazardous Substances, whether solid, liquid, or gaseous in nature, into the air, surface water, groundwater, or land, or relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport, or handling of Hazardous Substances, and (ii) all requirements pertaining to the health and safety of employees or the public. "Expiration Date" is as stated in the Basic Lease Information. "Event of Default" is as defined in Article 24. "Foreclosure Rights" and "Foreclosure Rights Period" are as defined in Section 7.5. "Full Insurable Replacement Value" is as defined in Section 19.1. Gray CarykPA\10058630.2 371160530-901700 "Hazardous Substance" means any substance: (i) the presence of which requires investigation or remediation under any Environmental Requirement; (ii) which is or becomes defined as a "hazardous waste, .... hazardous substance," "pollutant," or "contaminant" under any Environmental Requirement; (iii) which is toxic, explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic, or otherwise hazardous and is or becomes regulated under any Environmental Requirement; (iv) the presence of which on the Premises causes or threatens to cause a nuisance upon the Premises or to surrounding properties or poses or threatens to pose a hazard to the health or safety of persons on or about the Premises; (v) the presence of which on adjacent properties could constitute a trespass by Lessee; (vi) without limiting the foregoing, which contains gasoline, diesel fuel or other petroleum hydrocarbons; (vii) without limiting the foregoing, which contains polychlorinated biphenyls (PCBs), asbestos or urea formaldehyde foam insulation; or (viii) without limiting the foregoing, radon gas. "Hazardous Substance Occurrence" means any use, treatment, keeping, storage, sale, release, disposal, migration or discharge of any Hazardous Substance from, on, about, under or into the Premises, or the exacerbation of any previously existing Hazardous Substance condition, that occurs during the Term and arises out of, as a result of or related to the acts or omissions of Lessee, its employees, agents, contractors and invitees on or about the Premises. "Implementation Agreement" is as defined in Recital B. "Impositions" is as defined in Section 19.1. "Improvements" means all landscaping, buildings and other structures and improvements, and fixtures thereto, to be constructed, planted, or installed on the Premises during the Term, including, without limitation, the Improvements as described in Recital C to be constructed by Lessee in accordance herewith, and all subsequent Alterations, more particularly described in the Plans and Specifications. "Leasehold Deed of Trust" is as defined in Section 7.3(b). "Leasehold Encumbrance" is as defined in Section 7.1. "Leasehold Estate" i~ as defined in Section 7.1. Gray Cary~PA\10058630.2 3 81160530-901700 "Lease Year" shall mean each successive twelve month period commencing on January 1 and ending on December 31, provided that the first Lease Year shall commence on the Commencement Date and the last Lease Year shall end on the Termination Date. "Lender" is as defined in Section 7.1. "Lender Transferees".is as defined in Section 7.11. "Lender’s Tenant Replacement Right" shall mean and refer to Lender’s right to find a successor tenant to operate the child day care facility in the Premises as set forth in Sections 7.3, 7.5, 7.6 or 7.7. "Operations Standards" is as defined in Section 9.1. "Premises" is as defined in Recital B, and does not include "Improvements." "Premises Use Restrictions" is as defined in Section 9.1. "Qualified Party" is as defined in Article 22. "Rent" is as defined in Article 6. "Term" is as defined in Article 4. "Termination Date" shall mean the Expiration Date or such earlier date as this Lease is terminated pursuant to any provision hereof. Gray CarykPA\10058630.2 391160530-901700 ARTICLE 1. BASIC LEASE INFORMATION ...........................................................................1 ARTICLE 2.1 2.2 2.3 ARTICLE LEASE OF PREMISES; RESERVATION OF RIGHTS .......................................2 Premises ...................................................................................................................2 Reservation of Rights ...............................................................................................2 Reservation of Initial Parking Lot Rights ................................................................3 3. ACCEPTANCE OF PREMISES .............................................................................3 ARTICLE 4. TERM ......................................................................................................................4 ARTICLE 5. ANNUAL RENTAL ................................................................................................4 ARTICLE 6. ADDITIONAL RENTAL ........................................................................................4 ARTICLE 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7~8 7.9 7.10 7.11 ARTICLE 7. 7.1 7.3 ARTICLE 8. 8.1 8.2 ARTICLE 9. ENCUMBRANCE OF LEASEHOLD ESTATE ....................................................5 Lessee’s Right to Encumber .....................................................................................5 Notices Regarding Lender, Lessor, and City ...........................................................6 Right of Lender to Realize on Security ....................................................................6 Right of Lender to Cure Lessee’s Defaults ..............................................................7 Foreclosure in Lieu of Curing Default .....................................................................7 Assignment Without Consent on Foreclosure .........................................................8 New Lease to Lender ...............................................................................................8 No Merger of Leasehold and Fee Estates ................................................................9 Lender as Assignee of Lease ....................................................................................9 Lender as Including Subsequent Security Holders ..................................................9 Transferee as Qualified Party ...................................................................................9 NET LEASE; NO COUNTERCLAIM OR ABATEMENT .................................10 Net Lease ......................i ........................................................................................10 Independent Covenants ..........................................................................................10 USE AND OPERATION OF PREMISES ............................................................10 Use Restriction .......................................................................................................10 Operation of the Premises After Completion .........................................................11 LIMITATION ON EFFECT OF APPROVALS ...................................................11 ARTICLE 10. LICENSE TO OPERATE CHILD DAY CARE FACILITY ................................11 ARTICLE 11. 11.1 11.2 11.3 11.4 11.5 INITIAL CONSTRUCTION AND ALTERATIONS ...........................................12 Construction of Improvements ..............................................................................12 Alterations ..............................................................................................................12 Permits and Approvals ...........................................................................................12 Design ....................................................................................................................13 Prerequisites to Commencement of Construction ..................................................13 Gray Cary~PA\1342446.2 1160530-901700 i 11.6 11.7 11.8 ARTICLE 12. 12.1 12.2 12.3 12.4 ARTICLE 13. ARTICLE 14. 14.1 14.2 14.3 ARTICLE 15. ARTICLE 16. 16.1 16.2 ARTICLE 17. 17.1 17.2 17.3 17.4 17.5 17.6 17.7 17.8 ARTICLE 18. 18.1 18.2 18.3 18.4 18.5 18.6 18.7 ARTICLE 19. 19.1 19.2 TABLE OF CONTENTS (continued) General Construction Requirements ......................................................................14 Construction Completion Procedures ....................................................................15 On Site Inspection ..................................................................................................15 MECHANICS’ AND OTHER LIENS ..................................................................15 No Liens ...............................................................................: .................................15 Right to Contest Liens ...........................................................................................15 No Effect on Lessor’s Interests ..............................................................................15 Lessor’s Right to Cause Release of Liens ..............................................................15 OWNERSHIP OF IMPROVEMENTS ..................................................................16 MAINTENANCE AND REPAIRS; NO WASTE ................................................16 Maintenance and Repairs .......................................................................................16 No Waste ................................................................................................................16 No Lessor Obligations ...........................................................................................16 UTILITIES AND SERVICES ...............................................................................17 COMPLIANCE WITH LAWS; INSURANCE REQUIREMENTS .....................17 Compliance with Applicable Laws ........................................................................17 Compliance with Insurance Requirements ............................................................17 HAZARDOUS SUBSTANCES ............................................................................17 Hazardous Substances ............................................................................................17 Indemnity for Environmental Damages .................................................................17 Obligation to Remediate ........................................................................................18 Obligation to Notify Lessor ...................................................................................18 Right to Inspect ......................................................................................................18 Right to Remediate ................................................................................................19 Release of Lessor ...................................................................................................19 General Provisions .................................................................................................19 IMPOSITIONS; INSURANCE .............................................................................20 Impositions .............................................................................................................20 Receipts ..................................................................................................................20 Right to Contest .....................................................................................................20 Proration .................................................................................................................20 Assessment Proceedings ........................................................................................21 Required Insurance .................................................. ...............................................21 Policy Form and General .......................................................................................22 INDEMNITY AND RELEASE .............................................................................23 Indemnity ...............................................................................................................23 Release ...................................................................................................................24 Gray Cary~A\1342446.2 1160530-901700 ii ARTICLE 20. 20.1 20.2 20.3 20.4 20.5 20.6 20.7 20.8 20.9 20.10 20.11 20.12 ARTICLE 21. ARTICLE 22. ARTICLE 23. 23.1 23.2 23.3 23.4 ARTICLE 24. ARTICLE 25. ARTICLE 26. ARTICLE 27. ARTICLE 28. ARTICLE 29. ARTICLE 30. ARTICLE 31. ARTICLE 32. ARTICLE 33. ARTICLE 34. TABLE OF CONTENTS (cominued) APPROPRIATION, DAMAGE OR DESTRUCTION .........................................24 No Termination ......................................................................................................24 Evaluation of Effect of Damage or Appropriation ................................................24 Partial Appropriation; Amendment; Duty to Restore ............................................24 Damage or Destruction; Duty to Restore ...............................................................25 Performance of Repairs, Restoration and Alterations ............................................25 Option to Terminate Upon Damage or Destruction ...............................................25 Option to Terminate Upon Appropriation .............................................................25 Termination; Lessee’s Obligation to Restore; Arbitration .....................................25 Determination of Award ........................................................................................26 Excess Proceeds and Awards for Lessee’s Interests ..............................................26 Right to Participate in Settlement ..........................................................................26 Emergency Repairs ................................................................................................26 ASSIGNMENT AND SUBLETTING ..................................................................27 LESSOR’S RIGHT OF INSPECTION .................................................................27 EVENT OF DEFAULT AND LESSOR’S REMEDIES .......................................27 Events of Default ...................................................................................................27 Lessor’s Remedies .................................................................................................28 Commencement of Actions.., .................................................................................29 Rights Cumulative .................................................................................................29 LESSOR’S RIGHT TO CURE DEFAULTS ........................................................30 SURRENDER OF THE PREMISES .....................................................................30 USE OF NAME .....................................................................................................31 REPRESENTATIONS AND WARRANTIES OF LESSEE ................................31 NO WAIVER BY LESSOR ..................................................................................31 NO PARTNERSHIP ..............................................................................................32 NO DEDICATION ................................................................................................32 NO THIRD PARTY BENEFICIARIES ..............................................................32 NOTICES ...............................................................................................................32 HOLDING OVER .................................................................................................32 NONDIS CRIMINATION ......................................................................................32 Gray Cary~PA\1342446,2 oo,1160530-901700 111 ARTICLE 35. ARTICLE 36. 36.1 36.2 36.3 36.4 36.5 36.6 36.7 36.8 36.9 36.10 EXHIBIT A - TABLE OF CONTENTS (continued) MEMORANDUM .......................................’ ..........................................................3 3 GENERAL PROVISIONS ....................................................................................33 Severability ............................................................................................................33 Time of the Essence ...............................................................................................33 Headings ................................................................................................................33 Lease Construed as a Whole ..................................................................................33 Meaning of Terms ..................................................................................................33 Attorneys’ Fees ......................................................................................................33 California Law; Forum ..........................................................................................33 Binding Agreement ................................................................................................34 Entire Agreement ...................................................................................................34 Quiet Enj oyment ....................................................................................................34 Site Plan of Premises Gray Cary~PA\1342446.2 1160530-901700 iv