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AMENDMENT TO LEASE <br />THIS AMENDMENT TO THE LEASE AGREEMENT is made at San Leandro, <br />California, as of , 2015, by and between the CITY OF SAN LEANDRO, a municipal <br />corporation ("City"), and SAN LEANDRO SAILING CLUB, INC., dba Spinnaker Yacht Club of <br />San Leandro ("Lessee"). <br />RECITALS <br />I . 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 May 6, 1974, August 5, <br />1974, May 5, 1975, October 12, 1987, August 5, 1996, November 6, 2000 and September 4, <br />2007 (the "Lease") is hereby amended to extend the term of the Lease, to provide for Lease <br />termination by the City, and to eliminate the requirement of Lessee to pay a percentage rental fee <br />equal to 10% of the gross annual membership income as of January 1, 2016; and <br />2. In 2005, the City began efforts to redevelop the Shoreline area, which included the <br />Spinnaker Yacht Club site. In 2008, the City entered into an Exclusive Negotiating Rights <br />Agreement with Cal -Coast Development and began working with a Citizens Advisory <br />'Committee to determine the appropriate mix of development to serve the community and <br />compliment current uses. As of the date of execution of this amendment, the proposed Shoreline <br />Development Project includes an Aquatic Center at the location of the current Spinnaker Yacht <br />Club. Specifics regarding the building design and users of the Aquatic Center have yet to be <br />determined. Construction is scheduled to begin in January 2017. Therefore, the City wishes to <br />reserve the right to terminate the Lease on 6 months' notice to Lessee; <br />