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SEVENTH AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS <br />This Seventh Amendment ("Seventh Amendment") to the Multi -Tenant Office Lease - <br />Gross ("Lease"), dated November 30, 2017, is made and entered into this 30th day of November <br />2023 by and between the City of Redlands, a municipal corporation and a general law city ("City"), <br />and CalPrivate Bank ("Lessee"). City and Lessee are sometimes herein referred to individually as <br />a "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 Investment 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, City and CalPrivate Bank amended that certain Lease Agreement with the <br />Fifth Amendment dated January 10, 2022 and Sixth Amendment dated January 10, 2022 with an <br />Effective Date of January 1, 2023; 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. Three (3) months commencing on January 1, 2024 ("Commencement Date") <br />and ending on March 31, 2024 ("Extension Term")." <br />Section2. Paragraph 1.5 of the Lease, entitled "Base Rent" is hereby amended to read as <br />follows: <br />Z:\Facilities.Department\Facilities by Location \Redlands\Lease Audit 2-2020\CalPrivate Bank-7th Amendment to Lease.City.2023.docx <br />