First Amendment to Developer Agreement

CONSTRUCTION DEADLINES 
ACTION 
DEADLINE 
October 1, 2025 
Developer's submittal of 
administratively complete 
application( s) for any land use 
entitlement required for 
Minimum Improvements. 
Developer obtains final 
development approval 
including Planned Area 
March 31, 2026 
Development (PAD) and 
Preliminary Development Plan 
(PDP) 
Developer's submittal of 90% 
completed civil plans for the 
grading permit. 
March 1, 2026 
Developer obtains approval of 
site and building plans ("Civil 
July 1, 2026 
Plans") 
Developer's Commencement of 
Construction ("Construction 
October 1, 2026 
Commencement") 
Developer's Completion of 
Construction ("Construction 
October 1, 2027 
Completion Date") 
3.
Term. Section 7.2 is replaced in its entirety with the following language:
4. 
language: 
The term of this Agreement ("Term") commenced on the Effective Date and will
run until May 31, 2031.
Events of Default. Section 5 .1 is replaced in its entirety with the following
It shall be a default hereunder ("Default") if either Party fails to perform any of 
its obligations hereunder or under the Purchase Agreement, and such failure 
2