THIRD AMENDMENT TO PARKING LICENSE AGREEMENT
This THIRD AMENDMENT TO PARKING LICENSE AGREEMENT (this “ Amendment”) is dated as of October 28, 2025 and made by and between ALAMEDA FIELDS-1, LLC, a Delaware limited liability company (“ Licensor”) and THE CAREY SCHOOL, a California non-profit corporation (“Licensee”) with reference to the following:
A. WHEREAS, Licensor and Licensee are parties to that certain Parking License Agreement dated July 25, 2018 (the “ Original Agreement”), as amended by that certain Amendment to Parking License Agreement dated February 6, 2025 (the “ First Amendment”), as further amended by that certain Second Amendment to Parking License Agreement dated October 17, 2025 (the “ Second Amendment,” and together with the Original Agreement and First Amendment, the “ Existing Agreement”) pursuant to which Licensor grants to Licensee, on a month-to-month basis, a non-exclusive license to use certain “Spaces” in the surface “Parking Lot” which is currently controlled by Licensor and commonly referred to as 1950 and 2000 Alameda de las Pulgas, San Mateo, California; and WHERAS all capitalized terms used in this Amendment but not otherwise defined shall have the meanings assigned to them in the Existing Agreement;
B. WHEREAS, Licensor and Licensee desire to modify the terms and conditions set forth in the Second Amendment with respect to the number of spaces permitted for Special Event(s); and whereas the Existing Agreement, as modified by this Amendment, shall be referred to as the “Agreement”; NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to amend the Existing Agreement as follows:
1. Special Events . Licensor and Licensee hereby acknowledge and agree that Licensee’s use of the Spaces shall include, without any additional charge or fee, Licensee’s right to use up to 150 Spaces to accommodate overflow parking for Licensee’s guests and invitees (including parents) for and during certain special events hosted by Licensee from time to time outside of normal business hours, on weekends, on holidays, or as otherwise approved by Licensor (“Special Event(s)”).
2. Counterparts. This Amendment may be executed in counterparts, including electronic or “DocuSign” counterparts, each of which shall be deemed an original and both of which together shall constitute one and the same agreement.
3. Ratification. Except, as and to the extent modified by this Amendment, all provisions of the Existing Agreement shall remain in full force and effect. In the event of a conflict between the terms of the Existing Agreement and the terms of this Amendment, the terms in this Amendment shall control. [Signatures appear on following page.]
1