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THIRD EXERCISE OF OPTION <br /> FOR TAXI LICENSE AGREEMENT <br /> THIS THIRD EXERCISE OF OPTION, made and entered into this 18~' day of December, 2009, by and between <br /> <br /> A White and Yellow Cab Company (hereinafter "Licensee") and the City of Santa Ana, a charter city and municipal <br /> <br /> corporation duly organized and existing under the Constitution and laws of the State of California ("City"), <br /> collectively referred to herein as "the Parties". <br /> RECITALS <br /> A. The Parties entered into that certain agreement entitled "Site License Agreement between the City of Santa <br /> Ana and A White and Yellow Cab Company" dated December 19, 2005, hereinafter referred to as "said <br /> Agreement", to license commercial space at The Santa Ana Regional Transportation Center to A White and Yellow <br /> Cab Company to be used to accommodate a taxi cab company to provide transportation to travelers, visitors and <br /> employees at The Santa Ana Regional Transportation Center. <br /> B. The parties hereto now desire to exercise the third one-year option of said Agreement to extend the "Term" <br /> (section 1.02) and to increase the "Compensation" term (section 1.03) of said Agreement. <br /> WHEREFORE, in consideration of the mutual and respective covenants and promises hereinafter contained and <br /> made, and subject to all of the terms and conditions of said Agreement as hereby amended, the parties hereto do <br /> hereby agree as follows: <br /> 1. The "Term" section of said Agreement is hereby extended through December 18, 2010. <br /> 2. The "Compensation" section of said Agreement is hereby amended for the third option period and increased <br /> to the monthly amount of $6,024.00. <br /> 3. Except as hereinabove modified, the terms and conditions of said Agreement, including the attached Rider, <br /> remain unchanged and in full force and effect. <br /> IN WITNESS WHEREOF, the parties hereto have executed this Third Exercise of Option of Taxi Cab License <br /> Agreement the date and year first above written. <br /> ATTEST: CITY OF SANTA ANA <br /> Maria D. Huizar David N. Ream <br /> Clerk of the Council City Manager <br /> APPROVED AS TO FORM: A White and Yellow Cab Company <br /> Joseph W. Fletcher, City Attorney <br /> By: <br /> Lisa Storck, Assistant City Attorney Name: <br /> Title/Tax ID: <br /> RECOMMENDED FOR APPROVAL: <br /> Raul Godinez II, ctor of Public Works <br /> 25H-3 <br /> <br />