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RENEWAL OF LICENSE AGREEMENT <br /> This Renewal of License Agreement is entered into effective July 1,2025, by and between <br /> the City of San Marcos ("City") and Pheenix USH LLC (formerly Skinny Labs, Inc.), doing <br /> business as SPIN ("SPIN" or"Licensee"). The City and SPIN may, collectively, be referred to as <br /> the "Parties." <br /> 1. The City and SPIN are parties to that certain Shared Micromobility Device License <br /> Agreement ("the License Agreement") approved by the City via Resolution No. 21-179R and <br /> effective as of September 7, 2021. <br /> 2. The License Agreement provides for an initial term ending June 30, 2022, with <br /> options to renew for up to five additional one-year terms. The Parties wish to renew the License <br /> Agreement for a term of one year. <br /> 3. In consideration of the mutual benefits to and obligations of the Parties,the Parties <br /> hereby renew and extend the term of the License Agreement for one year effective on July 1, 2025 <br /> and ending on June 30, 2026. <br /> 4. All other terms and conditions of the License Agreement remain in force and effect. <br /> 5. This agreement may be executed in one or more originals or by digital signature. A <br /> PDF or printed copy of this signed agreement by either patty shall be deemed to be an original for <br /> all purposes related hereto. <br /> EXECUTED by the Parties, effective as of July 1, 2025. <br /> SPIN: CITY: <br /> By: By: <br /> -- <br /> Step nie Reyes, City"nager <br /> Name: <br /> Title: <br />