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TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS ....................................................................................................2 <br />Section 1.1Definitions............................................................................................2 <br />ARTICLE II REPRESENTATIONS AND WARRANTIES ................................................... 4 <br />Section 2.1 Representations and Warranties of the City......................................... 4 <br />Section 2.2 Representations and Warranties of the Developer ............................... 4 <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY ........................................... 6 <br />Section 3.1 Project, Site Improvements; and Costs ................................................ 6 <br />Section 3.2 Limitations on Undertaking of the City ............................................... 6 <br />Section 3.3 Reimbursement: TIF Note ................................................................... 6 <br />Section 3.4 Prohibition Against Transfer of Project and Assignment of <br />Agreement ............................................................................................ 7 <br />Section 3.5 Real Property Taxes ............................................................................. 7 <br />Section 3.6 Legal and Administrative Expenses..................................................... 8 <br />Section 3.7 Business Subsidies Law. ...................................................................... 8 <br />ARTICLE IV EVENTS OF DEFAULT .................................................................................. 10 <br />Section 4.1 Events of Default Defined.................................................................. 10 <br />Section 4.2 Remedies on Default .......................................................................... 10 <br />Section 4.3 No Remedy Exclusive........................................................................ 11 <br />Section 4.4 No Implied Waiver............................................................................. 11 <br />Section 4.5 Agreement to Pay Attorney's Fees and Expenses .............................. 11 <br />Section 4.6 Indemnification of City. ..................................................................... 11 <br />ARTICLE V DEVELOPER'S OPTION TO TERMINATE AGREEMENT ......................... 13 <br />Section 5.1 The Developer's Option to Terminate ................................................ 13 <br />Section 5.2 Action to Terminate ........................................................................... 13 <br />Section 5.3Effect of Termination.........................................................................13 <br />ARTICLE VI ADDITIONAL PROVISIONS.......................................................................... 14 <br />Section 6.1 Restrictions on Use ............................................................................ 14 <br />Section 6.2 Conflicts of Interest............................................................................ 14 <br />Section 6.3Titles of Articles and Sections ...........................................................14 <br />Section 6.4Notices and Demands.........................................................................14 <br />Section 6.5 Counterparts ....................................................................................... 15 <br />Section 6.6 Law Governing .................................................................................. 15 <br />Section 6.7 Expiration........................................................................................... 15 <br />Section 6.8 Provisions Surviving Rescission or Expiration.................................. 15 <br />Section 6.9 Assignability of TIF Note .................................................................. 15 <br />EXHIBIT A DESCRIPTION OF DEVELOPMENT PROPERTY........................................... A-1 <br />EXHIBIT B FORM OF TIF NOTE ........................................................................................... B-1 <br />EXHIBIT C SITE IMPROVEMENTS ...................................................................................... C-1 <br /> <br />i <br />176531970v1 <br />