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DocuSign Envelope ID: 7426D710-ED59-412E-84AB-D987362FD81D <br />FIRST EXTENSION OF LICENSE AGREEMENT <br />This first extension (hereinafter referred to as "First Extension") of the original license <br />agreement (hereinafter referred to as "License Agreement") entered into on this 8th day of <br />May , 2024 by the BOARD OF COUNTY COMMISSIONER OF INDIAN RIVER <br />COUNTY, FLORIDA, a political subdivision of the State of Florida, 1801 27th Street, Vero <br />Beach, Florida 32960 (hereinafter referred to as "County") and The Florida Institute of <br />Technology, a private Not for Profit University, 1500 W. University Boulevard, Melbourne, FL <br />32901, (hereinafter referred to as "FIT"), in consideration of the mutual promises and agreements <br />set forth below, hereby agree as follows: <br />WITNESSETH: <br />WHEREAS, County and FIT entered into a license agreement for FIT to use and occupy <br />approximately 900 feet x 30 feet (along the dune line), located at Treasure Shores Park, 11300 <br />Highway A1A, Vero Beach, FL 32963 (hereinafter referred to as "Premises"); and <br />WHEREAS, the License Agreement, which was for three years and authorized two <br />additional one-year terms, expired on January 19, 2024; and <br />WHEREAS, the County and FIT wish to extend the License Agreement for the first one <br />year extension beginning January 24, 2024; and <br />NOW THEREFORE, in consideration of the mutual undertakings herein and other good <br />and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties <br />agree, as follows: <br />Recitals. The above recitals are true and correct and are incorporated herein. <br />2. Renewal ,of the License Agreement. The License Agreement is renewed until January <br />19, 2025, with one (1) additional one (1) year renewal period remaining. <br />3. All other provisions of the License Agreement, as amended, shall remain in full force <br />and effect. <br />IN WITNESS WHEREOF, County and Tenant have executed this instrument this-. <br />2024. <br />ss�o <br />FLORIDA TECH BOARD OF COUNTY COMA SIO <br />OF N RIVER C L '�* <br />DocuSigned by:� <br />By fou v� . 6SS By: <br />N OR .- <br />SE9E1463546347F.. �. �. •.. <br />Its: Executive Vice President Susan dams, Chairman <br />and Provost Febrizary 6, 2024 <br />Approved by BCC <br />