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ORDINANCE NO. P- 266 COPY ORDINANCE OF THE BOARD OF PORT COMMISSIONERS OF THE CITY OF REDWOOD CITY APPROVING SECOND AMENDMENT TO LEASE AGREEMENT (International Materials, Inc.) BE IT ORDAINED BY THE BOARD OF PORT COMMISSIONERS OF THE CITY OF REDWOOD CITY, AS FOLLOWS: Section l. Public hearing having been duly noticed for, and held on February 10, 2016, on the question of approval of the second amendment to the lease agreement hereinafter described and, pursuant to the provisions of Section 48a the Charter of the City of Redwood City, the Board of Port Commissioners of the City of Redwood City does hereby approve that certain second amendment (the "Second Amendment") to the lease agreement entitled "Lease Agreement — International Materials, Inc." by and between the City of Redwood City, a municipal corporation of the State of California, acting by and through its Board of Port Commissioners ("Landlord") and International Materials, Inc. ("Tenant"), approved by the Board of Port Commissioners and dated November 24, 2010, as modified by the First Amendment dated September 26, 2012 (the "Lease"), which Lease provides that the leased premises shall be used by Tenant during the term of the Lease for the purpose of storing, handling and distributing bulk materials such as bauxite, gypsum, slag and other such materials used in the manufacturing of cement all subject to the terms, covenants, and conditions therein contained, and which Second Amendment to said Lease provides for a description of the leased premises with a new exhibit, and further provides that Tenant shall comply with the terms and conditions of Environmental Restrictions, that the rent for the Rented Premises will be $11,800 per month, that the combined rent for the Leased Premises and the Rented Premises (as said terms are defined in the Lease) will be $Z1,000 and that Tenant will be responsible for o2n oii s � IMI FXS:fs Ga��+� S