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ARTICLE II Term and Rent Section 2.01. Term. The "Term" of this Agreement shall commence on the Effective Date and shall expire on November 30, 2045, unless this Agreement is terminated earlier by the parties pursuant to the provisions hereof. Section 2.02. Rent. In consideration for the leasehold rights granted to the City in this Agreement, the City shall perform each and every obligation undertaken by it hereunder in a business -like and timely manner and shall pay to Dodgers the sum of One Dollar ($1.00) per Lease Year as rent payable in advance. ARTICLE III Use of the Parking Property Section 3.01. Lease and Grant of Rights with Respect to the Parking Property. Dodgers hereby lease the Parking Property to the City and the City hereby leases the Parking Property from Dodgers for the Term of this Agreement. Except as otherwise provided in this Agreement, the City shall have the exclusive right to use, improve, manage, and operate the Parking Property in accordance with the terms and conditions of this Agreement, provided that the Parking Property shall be utilized by the City only for the purpose of constructing and operating thereon (i) a municipally -owned, public golf course or (ii) green space or (iii) a park -like setting or (iv) any combination of the foregoing three uses (the "Permitted Uses"). Except as otherwise permitted in this Agreement, during the Term, Dodgers shall not lease to or grant to any person other than the City, the right to use, improve, manage, or operate the Parking Property. Section 3.02. The City's Rights and Obligations. During the Term, the City shall have the following rights, responsibilities, and obligations in connection with the Parking Property: (a) Control the scheduling and use of the Parking Property in accordance with the Permitted Uses, provided that all scheduling and use of the Parking Property shall be subject to the rights of Dodgers to use the Parking Property during Dodgers' Events; (b) Perform all maintenance of the Parking Property, including, without limitation, by providing all of the labor and materials required to keep the Parking Property and all Improvements thereon, clean, safe, free of debris, in good working order and repair, and in first-class condition consistent with the Maintenance Standards and all applicable laws and regulations; (c) Provide all security, crowd control, maintenance, cleaning, landscaping and other personnel or independent contractors required for the proper maintenance and operation of the Parking Property; (d) Obtain and maintain all commercial general Iiability insurance and real property insurance necessary or appropriate to insure against any liability on the part of Dodgers, the City, and the County with respect to the Parking Property and/or the loss of Page 4 of 21