Agmt09 Hidden Dragon Tea House-HD Food Service Inc. - License Agreement

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. " ORIGINAL AMENDMENT NO.1 TO LICENSE AGREEMENT (HD Food Service Inc. License Area 1 A - 2202 Broadway) THIS AMENDMENT NO.1 is entered into as of , 010, amending the license agreement dated June 26, 2009 (the "Origina II en e Agreement") by and between the City of Redwood City, a chartered municipal corporation ("Licensor") and HD Food Service Inc., doing business as "Hidden Dragon Tea House", hereinafter referred to as "Licensee", (collectively the "Parties"). RECITALS WHEREAS, Hidden Dragon Tea House strives to sustain its presence at Courthouse Square; and WHEREAS, HD Food Service Inc. requests a rent reduction in order to continue to serve Redwood City residents and downtown visitors; and WHEREAS, the City desires to assist Hidden Dragon Tea House in its efforts to maintain a business presence at Courthouse Square; and WHEREAS, the Parties have negotiated and agreed to the following amendments to the Original License Agreement. NOW THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows: 1. Paragraph 3, Sections 3.1 is hereby amended to read as follows: 3. "LICENSE PAYMENTS 3.1 License Fee. The monthly license fee to be paid to the Licensor shall be six cents ($0.06) per square foot per month for a total of $81.72. Licensee shall pay to Licensor the monthly license fee beginning on May 1, 2011. License fees shall be payable in advance, on or before the first day of each and every month of the License Term." 2. Section 21 is hereby amended to read as follows: 21. "AMENDMENTS 21.1 The City to authorize the City Manager or his/her designee to amend the monthly rents, rent due dates, and CPI adjustments administratively." ATTY/AGR/201 O/AMENDMENTS/AMENDNO. 1 HIDDENDRAGONlIC 080410