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ATTACHMENT NO. 1 Definitions Sales and Use Taxes means the portion of the taxes imposed upon any activity conducted within the Project pursuant to the Sales and Use Tax Law as set forth in Division 2 of Part 1 of the Revenue and Taxation Code and as implemented by Article 1 of Chapter 32 of the Code of the City of Redwood City, and distributed without restriction to the City for its general use during any calendar year, less the sum of $18,504.00 (representing the amount of such taxes received by the City from the Project Site in the year proceeding this Agreement). Sam Trans means the San Mateo County Transit District. Schedule of Performance (Attachment No. 4) Tax Increment means that portion of the taxes allocated and paid each year to the Agency from levies upon taxable property in the Project Area pursuant to Section 33670 of the Health and Safety Code that are (1) attributable solely to taxable property within the Project Site, and (2) that are in excess of the sum of the following amounts: (a) the total amount of taxes received by the Agency from levies upon taxable property within the Project Site for the last full tax year preceding execution of this Agreement, namely $41,771.00; and (b) any amount required to be set aside by the Agency pursuant to Section 33334.2 of the Health and Safety Code, and (c) any amount to which any taxing entity may be entitled pursuant to an agreement with the Agency pursuant to Section 33401 of the Health and Safety Code or other such authority. Title Company (defined in §206) Total Project Cost means the actual cost paid to third parties by the Developer for the construction, financing and leasing of the Project less any income or other consideration received from the sale of a portion of the real property or from the rental income of the Project from the time that the Project commences construction until the Project is ninety-five percent (95%) leased or nine months after the opening for business of the first tenant in the Project, whichever occurs sooner. The Total Project Cost will include $534,000 paid to the Developer as a developer fee. No other fees, commissions, profit or any other form of consideration, including return on equity invested in the Project, owed to the Developer or any of its affiliates or partners are to be included in the definition of Total Project Cost. In the event that there is insufficient net operating income in any year to pay the obligation on debt financing in that year, the shortfall can be added to the Total Project Cost. The resultant sum is the Total Project Cost. Page 4 of 4