Agmt24 Peet's Coffee, Inc. (2600 Broadway)

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Activity, described in Exhibit "A" (Encroachment Permit), attached hereto and hereinafter incorporated by reference. 3. TERM OF LICENSE. The term of this License Agreement shall be for a period of one (1) year from the Effective Date of this License Agreement, unless terminated earlier in accordance with the provisions of this License Agreement and may be renewed annually in the sole discretion of the City in accordance with Section 4 (Renewal of Term of License). 4. RENEWAL OF TERM OF LICENSE: A. The term of this License Agreement may be renewed annually, for additional one (1) year terms. B. If the Licensee seeks a renewal of the License Agreement, the Licensee shall submit an Outdoor Business Activity Permit renewal and renewal fee at least thirty (30) calendar days and no earlier than sixty (60) calendar days prior to the anniversary date of the Effective Date of the License Agreement, identified above. C. The City shall conduct an inspection of the Licensed Area to determine if the Licensee is in compliance with the terms of this License Agreement. If City determines that the Licensee is in compliance with the terms of the License Agreement, the City may, in its sole discretion, renew the License Agreement for another one (1) year term ("Renewal Term"). If the License Agreement is renewed, the City shall issue written notice of the Renewal Term and any additional conditions or terms associated with the Renewal Term. The Parties agree that the terms and conditions of the License Agreement and any additional conditions or terms imposed as a result of the approval of the renewal by the City shall apply during the Renewal Term. D. If the City approves a Renewal Term, the Licensee shall pay the applicable Annual Use of Space Fee pursuant to Section 6 (License Fee), and the Parties shall execute an amendment to this License Agreement extending the term. E. If the Licensee does not seek a renewal of the Outdoor Business Activity Permit at least thirty (30) calendar days and no earlier than sixty (60) calendar days prior to the anniversary date of the Effective Date of the License Agreement or the City declines to renew the License Agreement for another year, the License Agreement shall not be renewed and shall terminate on the anniversary of the Effective Date. 5. USE OF LICENSED AREA: A. The Licensee is authorized to use said Licensed Area for the purposes of conducting the Outdoor Business Activity and make certain improvements to the Licensed Area in accordance with the Guidelines and in compliance with the encroachment permit and associated conditions issued to the Licensee ("Improvements"). No other uses of the Licensed Area are authorized. The Licensee agrees that it will not use the Licensed Area or install any improvements thereon in a manner, which violates this License Agreement, the Encroachment Permit, the Guidelines or City Code Chapter 29 or any applicable governmental laws, rules, or regulations. REV: 05-16-24 VR ATTY/AGR.2024.067/Peet's Coffee (2600 Broadway) (Page 2 of 23)