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SECOND AMENDMENT <br /> TO MAINTENANCE AGREEMENT <br /> THIS SECOND AMENDMENT TO THE MAINTENANCE AGREEMENT <br /> ("Amendment") by and between the CITY OF RANCHO PALOS VERDES ("City") and <br /> GRAFFITI PROTECTIVE COATINGS, INC. ("Contractor") is effective as of the 15th day <br /> of August, 2017. <br /> RECITALS <br /> A. On August 18, 2015, City and Contractor entered into that certain Maintenance <br /> Agreement ("Agreement") whereby Contractor agreed to provide graffiti abatement services <br /> until June 30, 2016, for a contract sum of$72,000. The Agreement provides an option for up to <br /> five (5) one-year extensions of the Agreement by the mutual written consent of both parties. <br /> B. On June 21, 2016, City and Contractor executed the First Amendment to the <br /> Agreement. The First Amendment extended the term of the Agreement to June 30, 2017, for an <br /> additional $72,000. <br /> C. City and Contractor now desire to amend the Agreement to extend the term until June <br /> 30, 2018, for an additional $72,000, for a total contract sum of$216,000. <br /> TERMS <br /> 1. Amendments. <br /> (a) Term. Section 3 of the Agreement is hereby amended to read as follows: <br /> "Term. This Agreement shall commence on August 24, 2015 and shall remain in <br /> effect until the tasks described herein are completed to the City's approval, but in no <br /> event later than June 30, 241-72018, unless sooner terminated pursuant to Section 11 of <br /> this Agreement. Additionally, there shall be five three (4-3) one (1) year options to renew <br /> the Agreement with the mutual written consent of both parties. If not renewed prior to the <br /> anniversary date, the Agreement may continue on a month-to-month basis under the same <br /> terms and conditions as this Agreement for a maximum period not to exceed six (6) <br /> months or until renewed or awarded to a new contractor, whichever is less." <br /> (b) Compensation. Section 6 of the Agreement is hereby amended to read as <br /> follows: <br /> "In consideration of the services rendered hereunder, City shall pay Contractor a <br /> flat fee of Six Thousand Dollars ($6,000) per month, for a total not to exceed amount of <br /> Seventy-Two Thousand dollars ($72,000)per year,for a contract sum not to exceed Two <br /> Hundred and Sixteen Thousand Dollars ($216,000), One Hundred and Forty Four <br /> Thousand of which having been expended for Services provided from August 24, 2015 <br /> through June 30, 2017.". <br /> 01203.0006/393017.1 <br />