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THIRD AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS <br />This Third Amendment ("Third Amendment") to the Multi -Tenant Office Lease -Gross <br />("Lease"), dated June 10, 2013, is made and entered into this 30th day of September 2022 by and <br />between the City of Redlands, a municipal corporation and a general law city ("City"), and <br />Frederick M. Woolley, CFP., Western International Securities ("Lessee"). City and Lessee are <br />sometimes herein referred to individually as a "Party" and collectively as the "Parties." <br />RECITALS <br />WHEREAS, on January 3, 2017 Lessee entered into a Multi -Tenant Office Lease -Gross <br />with Redlands Community Investment Corporation, a California Corporation for the lease of <br />approximately 376 square feet of space at 300 East State Street, Suite 218, Redlands, California; <br />and <br />WHEREAS, Lessee and Redlands Community Investment Corporation amended that <br />certain Lease Agreement with the First Addendum dated January 11, 2017 and Second <br />Amendment dated February 11, 2020; 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. Ten (10) months commencing on March 1, 2023 ("Commencement Date") and <br />ending on December 31,2023 ("Extension Term")." <br />Section 2. Paragraph 1.5 of the Lease, entitled "Base Rent" is hereby amended to read as <br />follows: <br />"1.5 Base Rent. The monthly Base Rent during the Extension Term shall be One Thousand <br />Fifty Dollars ($1,037.00) per month, payable on the first day of each month commencing March <br />1, 2023." <br />1 <br />I:\Citrus Center - 300 E State Street\Tenant Lease Agreements\Fred Woolley Financial West Group\Fred Woolley - 3rd <br />Amendment to Lease.City.2022,docx <br />