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Agreement No. <br />RENEWED SOFTWARE MAINTENANCE AGREEMENT <br />BY AND BETWEEN <br />CITY OF REDWOOD CITY AND ASSETWORKS LLC <br />FOR AND IN CONSIDERATION of the mutual benefits accruing and expected to accrue hereunder, <br />this R ewed Software Maintenance Agreement ("Agreement'), is made as of the mW day of <br />2020 ("Effective Date') by and between AssetWorks, a Delaware limited liability <br />company, with offiLds at 998 Old Eagle School Road, Suite 1215, Wayne, PA 19087 ("AssetWorks"), and City <br />of Redwood City, a charter city and municipal corporation of the State of California, with offices in Redwood <br />City, CA ("CUSTOMER"). Intending to be legally bound, the parties hereby mutually agree to the following <br />terms and conditions: <br />A. BACKGROUND <br />1. AssetWorks and CUSTOMER are parties to a Restated Software License Agreement pursuant to which <br />CUSTOMER and AssetWorks have restated the license of CUSTOMER of certain software products <br />("Software") from AssetWorks. <br />2. AssetWorks and CUSTOMER are parties to a Software Maintenance Agreement dated June 6, 2019, <br />setting forth the terms and conditions of Maintenance from AssetWorks. <br />3. AssetWorks and CUSTOMER have agreed to renew the Software Maintenance Agreement for a period <br />of twelve (12) months, effective January 1, 2020 through December 31, 2020. <br />B. TERMS AND CONDITIONS <br />1. Term <br />Effective on January 1, 2020, the Software Maintenance Agreement is hereby renewed for a term of twelve <br />(12) months. The term may be renewed for an additional twelve (12) month period. All renewals shall require a <br />new agreement to be signed by both parties. <br />2. All Other Provisions Remain in Force <br />All other provisions of the Software Maintenance Agreement dated June 6, 2019, remain in full force and effect. <br />IN WITNESS WHEREOF, the parties hereto, intending to be liable bound, have entered into this <br />Agreement, effective as of the Effective Date. <br />AssetWorks LLC City of Redwood City, California <br />Title:_ ocrt 6c v� i-� Vkc <br />Date: <br />REV:. 02-03-20 MI <br />By: S�l�t✓c <br />Melissa Stevenson Diaz, City Manager <br />Date: <br />Attest: <br />Pamela Aguilar, ity Clerk <br />ATTY/AGR.2020.020/ASSETWORKS (Page 1 of 1) <br />