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C. Section 6.1 of the Development Agreement provides, in part, that the Development Agreement may be amended with limited exceptions by the mutual consent of the Parties. The City and PG now desire to amend the Development Agreement with respect to the PG Property (and not any other real property covered by the Development Agreement) to extend the term of the Development Agreement and make such other modifications to the Development Agreement, as more particularly described below. NOW, THEREFORE, for good and valuable consideration receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows. 1. Term of Development Agreement. The term of the Development Agreement is currently scheduled to expire on September 27, 2010. Section 1.2 of the Development Agreement is hereby amended to provide that the term of the Development Agreement as it pertains to the PG Property shall expire, unless further extended or earlier terminated as provided in the Development Agreement or herein, on September 27, 2017. 2. General Provisions.Amendment. This Amendment may be amended by and only by an instrument executed and delivered by each party hereto or its successors or assigns. (a) Amendment. This Amendment may be amended by and only by an instrument executed and delivered by each party hereto or its successors or assigns. (b) Applicable Law. This Amendment shall be construed, interpreted and enforced in accordance with the laws of the State of California as the same are in effect from timer to time. (c) Headings. The headings of the sections and subsections hereof are provided herein only for convenience of reference, and shall not be considered in construing their contents. (d) Binding on Successors and Assigns. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. (e) Notices, Demands, and Communications between the Parties. Formal written notices, demands, correspondences and communications between the City and PG shall be deemed given if sent by first class mail, postage prepaid; nationally established overnight courier that guarantees next day delivery and provides a receipt thereof; or by facsimile, to the offices of the City and PG and others indicated below, or such other addresses as either party may from time -to -time designate in writing as provided in this section. City: City Manager City of Pleasanton P.O. Box 520 Pleasanton, CA 94566 Facsimile: (925) 931 -5482 2