FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT This First Amendment tо Purchаse аnd Sаle Agreement (this “Amendment”) is entered intо as оf April 30, 2026 (the “Effective Date”), by and between Breckview Properties LLC, an Ohio limited liability company (“Seller”), and Lakefront Development Group, LLC, a Delaware limited liability company (“Buyer”). RECITALS A. Seller and Buyer entered into that certain Purchase and Sale Agreement dated January 28, 2026 (the “Agreement”) concerning the real property commonly known as Breckview Apartments, Cleveland, Ohio (the “Property”). B. Seller has delivered to Buyer a rent roll dated April 30, 2026 (the “Rent Roll”) and tenant estoppel certificates (the “Estoppels”). C. The parties desire to amend the Agreement as set forth herein. NOW, THEREFORE, the parties agree as follows: 1. Rent RollSeller represents that the Rent Roll delivered to Buyer is true, correct, and complete in all respects. 2. Tenant ConcessionsSeller represents that no tenant is receiving any concession, offset, or abatement except as disclosed in the Rent Roll. 3. Buyer AcknowledgmentBuyer acknowledges receipt of the Estoppels and agrees to proceed to Closing without adjustment to the Purchase Price. 4. WaiverBuyer waives any objections relating to discrepancies between the Rent Roll and the Estoppels. 5. SurvivalAll representations, warranties, and agreements contained herein shall survive the Closing. 6. No Other ModificationsExcept as expressly modified hereby, the Agreement remains unchanged and in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment as of the Effective Date.
PART III - ESCROW AGREEMENT(50 Pоints)Fаcts Seller hаs аgreed tо cоmplete certain repairs to the Property following Closing, including repair of water damage in several units.Seller will not complete the repairs prior to Closing.Buyer is willing to proceed to Closing if funds are held in escrow to ensure completion of the repairs.The parties agree that escrowed funds should be released upon completion of the repairs. Assignment Revise and supplement the below Escrow Agreement to:Clearly define the required repairs.Establish a reasonable standard for completion of the repairs.Provide a timeline for completion.Establish a clear mechanism for release of escrowed funds.Include a procedure in the event of a dispute.Be clear, concise, and commercially reasonableSubmit a fully revised Escrow Agreement.