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FIRST AMENDMENT TO AGREEMENT PROVIDING FOR STABILIZATION OF MOBILEHOME SPACE RENTS This First Amendment to Agreement Providing for Stabilization of Mobilehome Space Rents "Agreement" or "First Amendment is made and entered into as of 2010, by and between PLEASANTON MOBILE HOME PARK, LP, a California limited partnership (successor -in- interest to Vineyard Mobile Villa, LLC and to Daniel Guggenheim) "Park Owner"), and the CITY OF PLEASANTON, a municipal corporation "City 1. Recitals. 1.1 Original Agreement. Park Owner and City are parties to that certain Agreement Providing for Stabilization of Mobilehome Space Rents dated as of October 16, 2007 "Rent Stabilization Agreement with regard to the amount of rentals for rental lots at that certain mobilehome park known as Vineyard Mobile Villa mobilehome park "Park located in Pleasanton, California, all as more particularly described therein. All terms defined in the Original Agreement shall have the same meanings when used in this Agreement, unless a different meaning is clearly expressed herein. 1.2 Term. Section XI of the Rent Stabilization Agreement provides for the term of the Rent Stabilization Agreement, including the date of the termination of the Rent Stabilization Agreement. 1.3 Cost of Living. Section 1.B of the Rent Stabilization Agreement defines the Cost of Living based upon a change during the twelve (12) month period ending in August each year "COL Year as more fully set forth therein. 1.4 Amendment. The parties hereto desire to amend the Rent Stabilization Agreement to reflect new dates and circumstances upon which the Rent Stabilization Agreement shall terminate and to otherwise modify and amend the Rent Stabilization Agreement as set forth in this Agreement. 2. Termination Date. Section X1 ["Term of the Rent Stabilization Agreement is hereby deleted in its entirety and shall be replaced with the following: XI. TERM The Agreement shall take effect on October 1, 2007 and shall terminate on the Expiration Date (as defined below), unless sooner terminated under the terms of this Agreement. The "Expiration Date" shall be December 31, 2017, unless the Cost of Living is below seven percent (7.0 for each COL Year occurring between the date of the First Amendment and August, 2017, in which case the Expiration Date shall automatically be extended to December 31, 2022. UO22410/4640 001 B -2