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REV: 05-03-23 VR <br />FIRST AMENDMENT TO FOX THEATRE AGREEMENT <br />This First Amendment to Fox Theatre Agreement (“Amendment”) is made and entered <br />into as of __________________, 2023, (“Effective Date”) by and among Fox Theater Property <br />LLC, a California Limited Liability Company (“Fox”), and the City of Redwood City, a charter <br />city and municipal corporation (“City”). <br />RECITALS <br />WHEREAS, the City, Fox, and Golden Fox Venues, Incorporated, a California <br />Corporation (“GFV”) entered into that certain Fox Theatre Agreement dated October 10, 2016 <br />(“Agreement”) providing for the use of the Fox Theatre Auditorium and Policy Substation Lease; <br />and <br />WHEREAS, the Agreement was entered into with reference to that certain Disposition and <br />Development Agreement by and between City and Hamilton & Winslow Properties, LLC (an <br />entity affiliated with Fox and GFV), dated as of September 3, 2015 (“DDA”); and <br />WHEREAS, the City, Fox, and GFV agreed to the terms of the Agreement and <br />acknowledged that the rights provided to City thereunder were provided as consideration for City’s <br />entry into the DDA; and <br />WHEREAS, GFV no longer leases the Fox Theatre from Fox; and <br />WHEREAS, the Initial Term of the Agreement was set to expire on September 30, 2019 <br />(“Expiration Date”), unless extended by the parties; and <br />WHEREAS, due to unforeseen circumstances relating to the COVID-19 pandemic, the <br />parties failed to extend the Initial Term in writing; and <br />WHEREAS, the City and Fox now desire to negotiate and reach agreement on the <br />extension; and <br />WHEREAS, the City and Fox believe it is in the best interest of both parties to provide <br />extend the term of the Agreement beyond the Initial Term; and <br />WHEREAS, the City and Fox desire to extend the Agreement through May 5, 2023, as <br />more fully set forth herein. <br />AGREEMENT <br />Now therefore, the Participating Agencies, for and in consideration of the mutual benefits, <br />covenants and agreements set forth herein, agree as follows: <br />1. Recitals; Capitalized Terms. The foregoing recitals are incorporated by reference <br />into this Amendment. Capitalized terms used herein and not otherwise defined shall have the <br />meanings given to such terms in the Agreement. <br />ATTY/AGR.2023/Amend.No.1/Fox Theatre Property (Fox Theatre) (Page 1 of 4) <br />May 3, 2023