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To: Bill Ekern and Dan Zack February ;$�A. - Page 10 <br /> Subject: Ground Leases Page 3 <br /> ■ Refinance Subject to Lessor's reasonable approval and <br /> can be subject to stated terms and <br /> conditions; possible Lessor participation in <br /> net refinance proceeds. <br /> ■ Sale, Assignment, and Transfers Subject to Lessor's reasonable approval and <br /> can be subject to stated terms and <br /> conditions; possible Lessor participation in <br /> sale proceeds. <br /> ■ Reversion Fee title to all improvements on the property <br /> reverts to the Lessor upon expiration of the <br /> ground lease term. <br /> 007-001.doc, jf <br /> 18610.005 <br />