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FIFTH AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS <br />This Fifth Amendment ("Fifth Amendment") to the Multi -Tenant Office Lease -Gross <br />("Lease"), dated November 30, 2017, is made and entered into this loth day of January, 2022 by <br />and between the City of Redlands, a municipal corporation and a general law city ("City"), and <br />CalPrivate Bank ("Lessee") City and Lessee are sometimes herein referred to individually as a <br />"Party" and collectively as the "Parties." <br />RECITALS <br />WHEREAS, on November 30, 2017, Lessee entered into a Multi -Tenant Office Lease - <br />Gross with Redlands Community Inve,stment Corporation, a California Corporation for the lease <br />of approximately 210 square feet of space at 300 East State Street, Suite 207, Redlands, California, <br />and <br />WHEREAS, Lessee and Redlands Community Investment Corporation amended that <br />certain Lease Agreement with the First Amendment dated February 1, 2018, Second Amendment <br />dated February 1, 2019, Third Amendment dated February 1, 2020, and Fourth Amendment dated <br />January 8, 2021, and <br />WHEREAS, on September 21, 2021, City of Redlands and Redlands Community <br />Investment Corporation entered into an Assignment and Assumption Agreement, wherein, <br />Redlands Community Investment Corporation assigned and transferred to City of Redlands all <br />right title and interest in, to and under the leases for 300 East State Street; and <br />WHEREAS, it is the desire of the City and Lessee to amend the existing Lease, specifically <br />with regard to the Lease Term and Base Rent; <br />NOW, THEREFORE, for good and valuable consideration in the receipt of which is hereby <br />acknowledge City and Lessee agree as follows <br />AGREEMENT <br />Section 1 Paragraph 1 3 of the Lease, entitled "Term" is hereby deleted and replaced with <br />the following <br />"1 3 Term. Eleven (11) months commencing on February 1, 2022 ("Commencement <br />Date") and ending on December 31, 2022 ("Extension Term") " <br />Section 2 Paragraph 1 5 of the Lease, entitled "Base Rent" is hereby amended td read as <br />follows <br />"1 5 Base Rent. The monthly Base Rent during the Extension Term shall be Five Hundred <br />Sixty Seven Dollars ($567 00) per month, payable on the first day of each month commencing <br />February 1, 2022 " <br />I \Citrus Center 300 E State Street\Tenant Lease Agreements\CalPrivate\CalPrivate Bank 5th Amendment to <br />Lease City.2022.docx <br />