Agmt 2001 San Leandro Yacht Club

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AMENDMENT TO LEASE THIS AMENDMENT TO THE LEASE AGREEMENT is made in San Leandro, California, as of June 4, 2001, by and between the CITY OF SAN LEANDRO, a municipal corporation ("City"), and SAN LEANDRO YACHT CLUB, ("Contractor"), who agrees as follows: That certain lease of the premises in the City of San Leandro, State of California, originally entered into between the parties hereto on March 18, 1974, is hereby amended as follows: A. TERM. The term of this lease amendment shall be month -to-month commencing on June 4, 2001, and may be terminated by either the party on sixty (60) days prior written notice. B. MINIMUM RENTAL. Lessee shall pay as base rental each month of the term of the lease, in advance without previous demand, in lawful money of the United States of America, on or before the fourth day of June 2001, and continuing thereafter on the first day of each succeeding month a minimum rental of TWO HUNDRED DOLLARS ($200.00) per month. In addition, within twenty (20) days after the close of each calendar year of this lease, the lessee shall also pay a percentage equal to 10% of the gross annual membership income. The amounts previously paid as minimum rental shall be deducted from this annual percentage rental and only the excess, if any, shall be paid to the city as the annual percentage rental. In the event that Lessee is delinquent for a period of sixty (60) days or more in paying to City a rental or other sum payable to City pursuant to this Lease, Lessee shall pay to City interest on such delinquent amount in the rate of one percent (1%) per month from the date such sum was due payable until paid. Amendment to Lease Agreement Page 1 of 2