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WHEN RECORDED MAIL TO: One Chandler Owner, LLC Attn: Christopher R. Saunders 510 South Neil Street Champaign, IL 61820 FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (SITE 7) THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (this “Amendment”) is made and entered into as of _____________ __, 2025 (“the “Effective Date”), by and between the City of Chandler, an Arizona municipal corporation (“City”), and One Chandler Owner, LLC, a Delaware limited liability company (“Developer”). RECITALS A. City and Developer are parties to that certain Development Agreement dated October 27, 2022, titled “Development Agreement Site 7,” recorded with the Maricopa County Recorder’s Office on November 16, 2022, as document number 20220840583 (the “Agreement”), with respect to certain real property located in Maricopa County, Arizona, as more particularly described in the Agreement. B. City and Developer have agreed to modify the Agreement, as more particularly set forth in this Amendment. AGREEMENT NOW, THEREFORE, in consideration of the Recitals set forth above, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as set forth below. 1. Definitions. All terms with initial capital letters used herein but not otherwise defined shall have the respective meanings set forth in the Agreement. 2. Construction Deadlines. The second row from the bottom of the Construction Deadlines chart in Section 3.1(f) of the Agreement is hereby deleted in its entirety and replaced with the following: “ Developer’s Commencement of Construction (“Construction Commencement”) March 31, 2026, or sooner if evidenced by written agreement of the parties. ” 3. Term. Section 7.2 is replaced in its entirety with the following language: The term of this Agreement (“Term”) commenced on the Effective Date and will run until March 31, 2030. 4. Miscellaneous. If there is any inconsistency between the Agreement and this Amendment, this Amendment shall control. Except as modified by this Amendment, the Agreement shall remain in full force and effect and is hereby ratified and confirmed. This Amendment may be executed in counterparts, each of which, when taken together, shall constitute one fully executed original. Facsimile signatures and PDF signatures sent by electronic mail shall be binding for all purposes of this Amendment. [SIGNATURES APPEAR ON FOLLOWING PAGE.] IN WITNESS WHEREOF, the undersigned have executed this Amendment to become effective as of the date first set forth above. CITY: DEVELOPER: CITY OF CHANDLER, ONE CHANDLER OWNER, LLC, an Arizona municipal corporation a Delaware limited liability company By: By: Name: Kevin Hartke Name: Christopher R. Saunders Its: Mayor Its: Manager ATTEST: ________________________________ City Clerk APPROVED AS TO FORM: _________________________________ City Attorney