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ORIGINAL <br />AMENDMENT NO. 2 TO LICENSE AGREEMENT BETWEEN <br />THE CITY OF REDWOOD CITY <br />AND <br />PREMIA 550 OWNER LLC <br />THIS AMENDMENT NO. 2 is entered into as day of 2016 (the <br />"Effective Date'), amending the License Agreement by and between THE CITY OF <br />REDWOOD CITY, a charter city and municipal corporation of the State of California ("CITY"), <br />and PREMIA 550 Owner LLC, a California limited liability company ("LICENSEE"). <br />RECITALS <br />A. CITY and LICENSEE previously entered into that certain License Agreement <br />dated December 15, 2015, allowing Licensee to use the City Property for construction worker <br />vehicle parking during construction of the 550 Allerton Project, <br />B. The License Agreement was amended by that certain Amendment 1 to License <br />Agreement, dated May 21, 2016. (The License Agreement and Amendment 1 are correctively <br />referred to herein as the "License Agreement'.) <br />C. The license granted by the License Agreement is scheduled to terminate as of <br />December 31, 2016. <br />D. LICENSEE now desires an extension of time to use the City Property for <br />construction worker vehicle parking <br />E. CITY has determined that extending the temporary use proposed by LICENSEE <br />provides a common benefit to the Downtown area. <br />F. CITY is willing to extend the term of the License Agreement on the terms set <br />forth herein. <br />AGREEMENT <br />NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby <br />acknowledged, the parties agree as follows: <br />1. Extension of Term. The Term of the License Agreement is extended for an <br />additional 3 months commencing on January 1, 2017 and expiring on March 31, 2017. <br />("Extension Period") <br />2. Capitalized Terms. Capitalized terms used herein and not otherwise defined <br />shall have the meanings given to such terms in the License Agreement. <br />3. Lease in Effect. CITY and LICENSEE acknowledge and agree that the License <br />Agreement, except as amended by this Amendment No. 2, remains unmodified and in full force <br />and effect in accordance with its terms. <br />[Signature Page Follows] <br />ATTY/AGR/2016/AMENDMENTS/AMEND NO.2 PREMIA DEVELOPERS —BRADFORD PARKING <br />REV: 10-28-16 VR <br />Page 1 of 3 <br />