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<br />203193300.19 -1- <br /> <br />BAY AREA BIKE SHARE PROGRAM AGREEMENT <br />THIS BAY AREA BIKE SHARE PROGRAM AGREEMENT (this “Agreement”), has been executed <br />and delivered as of December 31, 2015 (the “Effective Date”) by and between the METROPOLITAN <br />TRANSPORTATION COMMISSION, an agency of the State of California established pursuant <br />California Government Code § 66500 et seq., having an office at 101 Eighth Street, Oakland, California <br />(“MTC”), and BAY AREA MOTIVATE, LLC, a Delaware limited liability company, having any office <br />at 5202 Third Avenue, Brooklyn, New York 11220 (“Operator”). <br />W I T N E S S E T H: <br />WHEREAS, self-service bicycle sharing programs are revolutionizing the way residents commute and <br />tourists travel within cities in Europe and North America, and a regional self-service bicycle sharing <br />program with public access has been determined by MTC and the Participating Cities (as defined below) <br />to be a desirable and valuable mode of alternative public transportation for the San Francisco Bay Area; <br />and <br />WHEREAS, a bike sharing program will provide a 24-hour transportation network that complements <br />existing transit and transportation options, increases multi-modal travel options in the region and <br />encourages bicycle use as a healthy, environmentally friendly and congestion-reducing transportation <br />option; and <br />WHEREAS, MTC authorized its Executive Director to negotiate an agreement with Operator to design, <br />build, operate, maintain and market a network of publicly available bicycles in a bike share system within <br />the cities of Berkeley, Emeryville, Oakland, San Francisco and San Jose (subject to Section 2.16, each a <br />“Participating City”, and collectively, the “Participating Cities”); <br />WHEREAS, accordingly, MTC and Operator have negotiated this Agreement for the design, build, <br />operation, maintenance and marketing of a network of publicly available bicycles in a bike share program <br />in the Participating Cities; <br />WHEREAS, this Agreement also addresses the continuation of the pilot bike share program established in <br />2013 in San Francisco, Redwood City, Palo Alto, Mountain View and San Jose (the “Pilot Program”; the <br />foregoing cities being the “Pilot Cities”) pursuant to Bike Share Program Agreement dated February 6, <br />2013 (as amended, the “AD Agreement”) between Alta Bicycle Share, Inc. and The Bay Area Air Quality <br />Management District (the “Air District”); <br />WHEREAS, concurrently with the execution and delivery of this Agreement, Operator, the cities of <br />Emeryville, San Francisco and San Jose, and MTC are executing a Coordination Agreement <br />(“Coordination Agreement”) that sets forth certain rights, liabilities, and responsibilities of each party <br />thereto with respect to the Program, and defines the organizational, management, and operational <br />structure for the successful development of the Program. <br />NOW, THEREFORE, in consideration of the foregoing clauses, which clauses are hereby made a part of <br />this Agreement, and the mutual covenants and agreements herein contained, and for other good and <br />valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties do hereby <br />covenant and agree as follows: