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• Lifetime will handle all financial transactions for court rentals, merchandise, and activity registration for lessons, classes, leagues, camps, clinics and tournaments. • Lifetime will maintain general liability, automobile liability and workers' compensation insurance for its operations. • The Executive Director of Lifetime Tennis shall conduct quarterly meetings with Pleasanton Tennis & Community Park users and be on site at least 10 hours per week. The General Manager will be on site 30 hours per week. • Submit an Annual Plan detailing any suggestions for improvements or revisions to the facility, programs, marketing /promotions, and fees. Another element of Lifetime's proposal is that it will continue providing pro shop services; include the sale and repair of tennis racquets, and general tennis supplies. The pro shop will also serve snacks and refreshments, The City's current practice is to maintain one (1) court during regular hours for reservation and /or drop -in play, and Lifetime Tennis will continue to honor that philosophy. Four (4) additional courts will also be available for drop -in play during weekday evenings and weekend mornings. During the term of the agreement the Community Services Department will evaluate any proposed fee changes as part of its annual fee review. As with Callippe Preserve Golf Course operations, the Director of Community Services will review and make recommendations to the Parks & Recreation Commission, which will act on any requested change to the fees. Compensation The Agreement specifies that Lifetime Tennis will pay the City an Annual Fee as follows: • January 1, 2011 — December 31, 2011 — 10% of all gross revenues up to $400,000; and 5% of all gross revenues over $400,000 shall be paid to the CITY. • January 1, 2012 — December 31, 2012 — 10% of all gross revenues up to $425,000; and 5% of all gross revenues over $425,000 shall be paid to the CITY. • January 1, 2013 — December 31, 2013 — 10% of all gross revenues up to $450,000; and 5% of all gross revenues over $450,000 shall be paid to the CITY. • January 1, 2014 — December 31, 2014 — 10% of all gross revenues up to $475,000; and 5% of all gross revenues over $475,000 shall be paid to the CITY. • January 1, 2015 — December 31, 2015 — 10% of all gross revenues up to $500,000; and 5% of all gross revenues over $500,000 shall be paid to the CITY. Page 3 of 4