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EXHIBIT B FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT This First Amendment to the January 28, 2005 Purchase and Sale Agreement (the Agreement) between Threehand LP, a limited partnership (Seller) and the City of Pleasanton (City) is entered into August 15, 2006. RECITALS A. On January 28, 2005 Seller and the City entered into the Agreement by which Seller agreed to sell real property to City (described in Exhibit A to the Agreement), to grant certain easements to the City, and to pay City $28,500 in exchange for the City's constructing certain improvements intended to benefit the Seller in connection with Seller's development of its property. B. The parties now wish to finalize and memorialize the scope and extent of the improvements referenced in the Agreement. NOW, THEREFORE, in consideration of the promises set forth in the Agreement and this First Amendment, the parties agree as follows: 1. The new road within Seller's property shall be generally cut into the hillside that follows the existing roadway on the property and shall be graded as shown to reduce impacts on the existing trees. The road will be extended approximately 450 feet further up the ridge from its existing terminus to serve the City water tank. The roadway will provide access to the tank and future homes within Seller's property. 2. Sellers shall grant City a temporary construction easement for construction of the reservoir and access road (a description of the reservoir site, the utility and access easement and temporary construction easements are attached as Exhibits A through ~. 3. City shall construct, or cause to be constructed, the following improvements on Seller's property: A. Anew 18-foot wide paved roadway with shoulders that generally follows the vertical and horizontal alignment shown on a twelve (12}sheet set of plans titled "Vineyard Hills Reservoir Access Road" (Access Road Plans) prepared by Aliquot Planners, Civil Engineers and Surveyors (Aliquot) dated 5/11/06. Additionally, Aliquot shall prepare finished roadway improvement plans including utilities and retaining walls. Construction of access roads/driveways to the residential lots from the main road is the responsibility of Seller.