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THIRD AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS <br />This Third Amendment to the Multi -Tenant Office Lease -Gross ("Third Amendment") is <br />made and entered into this 8th day of February, 2022 by and between the City of Redlands, a <br />municipal corporation and a general law city ("City"), and Flagstar Bank, FSB, a federally <br />chartered savings bank ("Lessee") City and Lessee are sometimes herein referred to individually <br />as a "Party" and collectively as the "Parties " <br />RECITALS <br />WHEREAS, Lessee Redlands Community Investment Corporation, predecessor —in - <br />interest to City entered into a certain Multi -Tenant Office Lease -Gross dated April 4, 2019, as <br />amended by that certain First Amendment to Multi -Tenant Office Lease -Gross dated June 1, 2020 <br />and further amended by that certain Second Amendment to Multi -Tenant Office Lease -Gross dated <br />April 8, 2021 (collectively, the "lease") for the lease of approximately 455 square feet of space <br />located at 300 East State Street, Suite 360B, Redlands, California, 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 />1 Term. The Term shall be extended to include the period of June 14, 2022 to <br />December 31, 2022. <br />2. Basic Rent. Basic Rent shall be amended as per the payment schedule below• <br />Term dates <br />Monthly Base Rent <br />per square foot <br />Premises <br />Square foot <br />Monthly <br />Base Rent <br />6/14/22 — 12/31/22 <br />$2 66 <br />455 <br />$1,210 00 <br />Rent for any partial month shall be prorated based on the number of days of Tenant's <br />occupancy during such month. <br />3 Notice Requirements. Section 3 Paragraph 23 1 of the Lease, entitled "Notice <br />Requirements" is hereby amended to read as follows <br />1 <br />I•\Citrus Center 300 E State Street\Tenant Lease Agreements\Flagstar Bank\Flagstar.Redlands CA Third Amendment to Lease(154844.2).docx <br />