1 LEASE AMENDMENT NO. 2
PREMISES A Portion of Building 41, 650 W. Tower Ave,
Alameda, CA consisting of approximately 30,000
square feet
LANDLORD: CITY OF ALAMEDA, a charter city and municipal corporation
TENANT: DOER Marine Operations, a California corporation LEASE DATE: September 18, 2024, for reference purposes only This Amendment No. 2 to the Lease (“Amendment”), is dated as of _____________, 2026 for reference purposes only , and is entered into by and between the CITY OF ALAMEDA, a charter city and municipal corporation (“Landlord” ), and DOER MARINE OPERATIONS , a California corporation (“Tenant”).
NOW, THEREFORE, in consideration of the foregoing, which are incorporated herein by reference, and of their mutual covenants contained herein, the parties hereby agree as follows:
1. Background.
a. Landlord and Tenant entered into that certain Lease Agreement dated September 18, 2024, for reference purposes only (the “Lease”), for certain premises described therein and referred to as a portion of Building 41, 650 W. Tower Ave, Alameda, CA consisting of approximately 30,000 square feet (“Premises”). b. The initial Lease Term expired on March 1, 2026, and Tenant has exercised its only option to extend the Term through September 2, 2026, as documented in the 1st Amendment dated June 26, 2026.
c. The Landlord and Tenant desire to again extend the Term of the Lease again by way of this 2nd Amendment.
d. Capitalized terms used in this Amendment without definition shall have the same meaning given to such terms in the Lease. This Amendment shall be effective upon the last date set forth below the parties' signatures.
2. Term. The term of the Lease is hereby extended for an additional six (6) months (“Extension Term ”) extending the T erm that commenced on September 1, 2024, and terminates on March 2, 2027.
3. Renewal Option. Tenant shall have two (2) options to extend the Term (“Renewal Option”) for six (6) months each (“Renewal Term”) under the following conditions:
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a. The Renewal Option may be exercised only by the entity identified as the Tenant in the Basic Lease Information and may not be exercised by any other sublessee or assignee or by any other successor or assign.
b. The Tenant’s Renewal Option shall be effective only if agreed to by the Landlord in writing and as long as Tenant is not in Default under this Lease, either at the time of exercise of the Renewal Option or the time of commencement of the Renewal Term.
c. Tenant shall exercise its Renewal Option, if at all, by written notice (“Election Notice”) from Tenant to Landlord, in a form substantially the same as Exhibit D , given not more than four (4) months nor less than two (2) months prior to expiration of the initial Term. If Tenant fails to exercise the Renewal Option in a timely manner as provided for above, said Renewal Option shall be void.
4. Base Rent. The monthly installment of Base Rent for the Extension Term shall be adjusted as set forth below:
Months Monthly Base Rent Total Renewal
Base Rent
1-6 $0.70/ square foot
at 30,000 square feet $21,000
at 40,000 square feet $28,000
$126,000
$168,000
a. Base Rent for each Renewal Term shall be increased by five (5) percent over the Base Rent in effect at the time a Renewal Option is exercised.
5. Delivery of Possession. Tenant agrees that the Premises shall continue to be leased in its “AS-IS” condition, and Landlord shall have no obligation to make any repairs or modifications to the Premises. Tenant acknowledges and agrees that Landlord has made no representations or warranties regarding the Premises, including, without limitation, its suitability for Tenant’s proposed use.
6. Inspection by Ce rtified Access Specialist. Landlord discloses that the Premises have not undergone inspection by a Certified Access Specialist as referenced in California Civil Code Section 1938 subsection (e) which provides: “A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The par ties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of Docusign Envelope ID: 0B33CDDF-BCEA-8AA1-817D-A13CB5089E28 2 3
construction-related accessibility standards within the prernises. Pursuant to the foregoing Section 1938(e), Tenant acknowledges and agrees that, if Tenant wishes to have the Premises inspected by a CASp: (i) Tenant must notify Landlord on or before the date when Tenant executes this Lease Amendment pursuant to the election below; (ii) the inspection will be at Tenant's sole cost and expense; (iii) the inspection must be scheduled through Landlord and in coordination with the Building's property manager; (iv) any repairs or modifications necessary to correct any violation of construction- related accessibility standards that is noted in the CASp report shall be Tenant's responsibility; and (v) Tenant must provide a copy of the CASp report to Landlord on completion.
7. Additional Fees . The parties acknowledge and agree that, under the Lease, Tenant’s obligation to pay any Additional Fees is limited to Tenant’s proportionate share of Building 41, which is 25.41% (“Tenant’s Proportionate Share”). If the size of the Lease Area changes pursuant to the Lease, Tenant’s Proportionate Share shall automatically adjust accordingly.
8. City’s Authority . Tenant acknowledges Landlord is entering into this Amendment modifying the Lease in Landlord’s proprietary capacity and not in its regulatory or governmental capacity. Nothing in this Amendment shall be construed as restraining, impairing or restricting the City of Alameda in its regulatory capacity, or granting any rights upon the Tenant with respect to the use, occupancy or operation of the Premises in a manner inconsistent with any Laws or applicable requirements.
9. Ratification; Miscellaneous. Except as modified by this Amendment, in all other respects the Lease is hereby ratified and affirmed and remains in full force and effect. This Amendment may be executed in one or more counterparts.
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OFFICER/MEMBER EXCLUDED?
INSR ADDL SUBR
LTR INSD WVD
PRODUCER CONTACT
NAME:
FAXPHONE
(A/C, No):(A/C, No, Ext):
E-MAIL
ADDRESS:
INSURER A :
INSURED INSURER B :
INSURER C :
INSURER D :
INSURER E :
INSURER F :
POLICY NUMBER POLICY EFF POLICY EXPTYPE OF INSURANCE LIMITS(MM/DD/YYYY) (MM/DD/YYYY)
AUTOMOBILE LIABILITY
UMBRELLA LIAB
EXCESS LIAB
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
AUTHORIZED REPRESENTATIVE
EACH OCCURRENCE $
DAMAGE TO RENTEDCLAIMS-MADE OCCUR $PREMISES (Ea occurrence) MED EXP (Any one person) $
PERSONAL & ADV INJURY $
GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $
PRO-POLICY LOC PRODUCTS - COMP/OP AGGJECT
OTHER: $
COMBINED SINGLE LIMIT
$(Ea accident)
ANY AUTO BODILY INJURY (Per person) $
OWNED SCHEDULED
BODILY INJURY (Per accident) $AUTOS ONLY AUTOS
HIRED NON-OWNED PROPERTY DAMAGE
$AUTOS ONLY AUTOS ONLY (Per accident)
$
OCCUR EACH OCCURRENCE
CLAIMS-MADE AGGREGATE $
DED RETENTION $
PER OTH-
STATUTE ER
E.L. EACH ACCIDENT
E.L. DISEASE - EA EMPLOYEE $
If yes, describe under
E.L. DISEASE - POLICY LIMITDESCRIPTION OF OPERATIONS below INSURER(S) AFFORDING COVERAGE NAIC #
COMMERCIAL GENERAL LIABILITY
Y / N
N / A
(Mandatory in NH)
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:
CERTIFICATE HOLDER CANCELLATION
© 1988-2015 ACORD CORPORATION. All rights reserved.ACORD 25 (2016/03)
CERTIFICATE OF LIABILITY INSURANCE
DATE (MM/DD/YYYY)
$
$
$
$
$
The ACORD name and logo are registered marks of ACORD
7/29/2026
(415) 887-9486
27154
DOER Marine Operations, Inc.
650 W. Tower Ave.
Alameda, CA 94501
DOL
A 1,000,000
X X B5JH72978 7/18/2026 7/18/2027 100,000
SRLL/CML Included 5,000
Includes Bailees 1,000,000
2,000,000
1,000,000
Includes BPP & EDP Limit as Sched
1,000,000A
X X B5JH72978 7/18/2026 7/18/2027
B
X 1675909Y 2/3/2026 2/3/2027 1,000,000
1,000,000
1,000,000
A Contractors Equip B5JH72978 7/18/2026 Limit As Scheduled B USL&H ALMA-012926-083928-01 2/3/2026 2/3/2027 USL&H limit 1,000,000 Certificate Holder, the City of Alameda, its City Council, boards, commissions, officials, employees, agents, and volunteers, LPC West LP, and any other party designated by the City (as determined in the City’s sole discretion), are added as additional insureds, including waiver of subrogation, as required by written licensee agreement. This insurance is primary and non-contributory and includes 30 day notice of cancellation.
City of Alameda c/o LPC West LP
950 West Mall Square Room#239
Alameda, CA 94501
DOERMAR-01 SFAZIO
Hawser Marine Insurance Services
3001 Bridgeway
Ste K-343
Sausalito, CA 94965
Sam Fazio
[email protected]
Atlantic Specialty Ins Co
American Equity Underwriters
X
7/18/2027
X
X
X
X
X
X X
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5 IMU 0313 03 22 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 1 Copyright 2022,
In consideration of the premium for which this policy is issued, and subject to the terms and conditions of the policy, it is agreed that:
A. Section V, General Conditions – Paragraph I – Who Is An Insured – of the policy is amended to include any person or organization that you are obligated to include as an additional insured, but only with respect to liability to third parties caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf:
1. For work and/or operations that you perform in connection with the relevant contract or agreement with the said additional insured;
2. For the maintenance, operation or use by you of a premises leased or rented from the said additional insured; and
3. For the maintenance, or use by you of equipment leased or rented from the said additional insured.
However:
1. The insurance afforded to such additional insured only applies to the extent permitted by law; and
2. Coverage provided hereunder for such additional insureds is subject to all the terms, conditions and exclusions pertaining to Section I, Coverage Parts I, II and III of the policy, whichever is applicable, and
3. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by contract or agreement to provide for such additional insured.
B. It is specifically agreed if coverage provided to the additional insured is required by contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance:
1. Required by the contract or agreement; or
2. Available under the applicable Limits of Insurance shown in the Declarations for Section I coverages and the Combined Single Limits of Insurance endorsement; whichever is less.
This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations for Section I coverages.
C. We agree to waive any right of recovery we may have against any additional insured named under this endorsement because of payments we make under this policy on behalf of such additional insured, but only to the extent of your obligation under a contract or agreement with such additional insured.
D. It is agreed that this insurance is primary to and will not seek contribution from any other insurance available to an additional insured under your policy provided that:
1. The additional insured is a Named Insured under such other insurance; and
2. You have agreed in writing in a contract or agreement that this insurance would be primary and would not seek contribution from any other insurance available to the additional insured.
Intact Insurance Group USA LLC
E-INSURED
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