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AMENDMENT TO LEASE <br /> THIS AMENDMENT TO THE LEASE AGREEMENT is made at San Leandro, <br /> California, as of November 6, 2000, by and between the CITY OF SAN LEANDRO, a municipal <br /> corporation ( "City "), and SAN LEANDRO SAILING CLUB, INC., dba Spinnaker Yacht Club <br /> of San Leandro ( "Contractor "), who agree as follows: <br /> That certain lease of the premises in the city of San Leandro, state of California, entered <br /> into between the parties hereto on August 9, 1971, and amended on August 5, 1974, May 5, <br /> 1975, and August 5, 1996, is hereby amended as follows: <br /> A. TERM. The tern of this lease amendment shall be for a period of ten (10) years, <br /> commencing on January 1, 2001, and continuing through December 31, 2010. <br /> B. MINIMUM RENTAL. Lessee shall pay as base rental each month of the term of <br /> the lease, in advance without previous demand, in lawful money of the United States of America, <br /> on or before the first day of January 2001, and continuing thereafter on the first day of each <br /> succeeding month during the tern of the lease, a minimum rental of TWO HUNDRED FIFTY <br /> DOLLARS ($250.00) per month. <br /> In addition, within twenty (20) days after the close of each calendar year of this <br /> lease, the lessee shall also pay a percentage equal to 10% of the gross annual membership <br /> income. The amount previously paid as minimum rental shall be deducted from this annual <br /> percentage rental and only the excess, if any, shall be paid to the City as the annual percentage <br /> rental. <br /> In the event that Lessee is delinquent for a period of sixty (60) days or more in <br /> paying to City a rental or other suns payable to City pursuant to this lease, Lessee shall pay to <br /> g: /depUjohn/spinnaker lease amendment.doc Page 1 of 2 <br />