PLEASANTON GOLF - COURSECO OPERATOR AGREEMENT

Extension and Amendment of Operator Agreement between The City of Pleasanton and Pleasanton Golf, LLC This Extension and Amendment of Operator Agreement between the City of Pleasanton and Pleasanton Golf, LLC ("Extension Agreement") is entered into this 21 st day of April, 2015, by and between the City of Pleasanton ("CITY"), a municipal corporation, and Pleasanton Golf, LLC, a California limited liability company ("OPERATOR"). RECITALS 1. On or about June 1, 2010, CITY and OPERATOR entered into Operator Agreement between The City of Pleasanton and Pleasanton Golf, LLC ("Operator Agreement"). 2. The term of the Operator Agreement expires on June 30, 2015. 3. Section 2.02 of the Operator Agreement provides that the Operator Agreement may be extended by the mutual written agreement of CITY and OPERATOR. 4. CITY and OPERATOR now desire to amend certain provisions and to extend the term of the Operator Agreement in accordance with the terms and provisions set forth in this Extension Agreement. NOW, THEREFORE, in consideration for the mutual promises hereinafter set forth, the parties hereto agree to as follows: 1. DEFINITIONS. All capitalized terms used in this Extension Agreement shall have the meanings set forth in the Operator Agreement unless otherwise expressly set forth in this Extension Agreement. 2. TERM AND EFFECTIVE DATE. The term in Section 2.01 of the Operator Agreement as amended and extended by this Extension Agreement shall end on June 30, 2020 unless otherwise terminated or cancelled pursuant to Section 12.02.2 of the Operator Agreement. The Effective Date of this Extension Agreement shall be July 1, 2015. 3. MANAGEMENT AND INCENTIVE FEES TO OPERATOR. Commencing on and effective as of July 1, 2015, Sections 8.03 and 8.04 of the Operator Agreement shall be amended and restated in their entirety as follows: