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LICENSE AGREEMENT This License Agreement ("Agreement") is made and entered into this 7th day of June, 2022 ("Effective Date"), by and between the City of Redlands, a municipal corporation ("Licensor") and Avis Budget Car Rental, LLC , a Delaware limited liability company ("Licensee"). Licensor and Licensee are sometimes individually referred to herein as a "Party" and, together, as the "Parties " RECITALS WHEREAS, Licensor is the owns those certain improved real property located in the City of Redlands commonly identified as county of San Bernardino Assessor's Parcel No 0292-157- 16-0000 (the "Property") There are 30 parking places associated with the Property as depicted on Exhibit "A" which is attached hereto, and which is by this reference incorporated herein ("Parking Places"), and WHEREAS, Licensee has requested to temporarily use the Parking Places for purposes of parking vehicles associated with its business, and WHEREAS, Licensor desires to grant Licensee a license to enter upon and use the Parking Places on the terms and conditions hereinafter set forth. NOW, THEREFORE, in consideration of the mutual promises contained herein, the Licensor and Licensee agree as follows Section 1. Recitals. The foregoing Recitals are true and correct and incorporated herein by this reference Section 2. Grant of License. Licensor hereby grants to Licensee, and its employees and agents, a non-exclusive, revocable license to enter upon and use, as the case may be, subject to all of the terms and conditions hereof, the Property to enter upon and use the Parking Places for the sole purpose of parking vehicles associated with conducting its business. All activities of Licensee undertaken in connection with Licensee's use of the Parking Places for the purpose of parking vehicles associated with conducting its business shall be performed in accordance with all applicable federal, state, and local laws. The use of the Property and the Parking Places shall neither create or vest in Licensee any ownership or leasehold interest in the Property Section 3. Term. The term of this Agreement shall commence on its Effective Date and end on June 30, 2023, unless earlier terminated as may be provided for herein. Section 4. License Fee Licensee shall pay a fee of One Thousand Five Hundred Dollars ($1,500 00) (the "License Fee") per month payable in advance each month. Section 5. Security Deposit. Upon execution of this License, in addition to the License Fee provided above, Licensee shall pay to and deposit with Licensor the sum of Five Thousand Dollars ($5,000 00) (the "Security Deposit"), as security for the full and faithful performance of every provision of this License to be performed by Licensee In the event of a default under the 1 L:\ca\djm\Agreements\Avis Budget Car Rental License Agreement.FY2l-0119,docx jn