Item 11 - Amendment to Purchase and Sale Agreement with Santana Green Development, LLC

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elects to exercise its Repurchase Right, in no event may any consideration be paid. to Buyer be in a form other than cash, As used herein, the term "Permitted Delay" shall refer to any delay resulting from acts of Gad; fire; earthquake; Flood; explosion; action of the elements; war; invasion; insurrection; riot; snob violence; sabotage; malicious mischief, inability (notwithstanding good faith and diligent efforts) to procure (or general shortage of) labor, equipment, facilities, :Materials, or supplies in the open market; failure of transportation; strifes (other than any strike resulting from acts of Buyer); lockouts; action of labor unions; condemnation laws; requisition or order ofgovermment or civil or ;military or naval authorities; or any other similar cause to those stated above, not within. a Buyer's reasonable control. Notwithstanding anything to the contrary contained herein, in no event shall financial inability constitute Permitted Delay. 625 Apanovals. Buyer shall obtain all final approvals, including, without limitation, the building permit and all related municipal approvals (the "Approvals") necessary for developing the Property in substantial conformance with the site plan that was included with the Buyer's proposal for the Property submitted in response to City's Request for Proposal No, 20-159 (a copy of which is attached as Exhibit "C", the "Intended Improvements") appropriate for the operation of a restaurant (the "Intended. Use"), such that immediately following the acquisition of the Approvals, Buyer shall be entitled to commence construction of the Intended Improvements, Nothing in this agreement shall constitute Approvals by Seller, and Buyer acknowledges that it must comply with all of Seller's development standard's, guidelines and procedures that are applicable to the Intended Improvements and the Intended Use. 6.3 N r:al Ha and Zone Disclosure. No later than. seven (7) business days prior to the Property Approval hate, the Seller will, at its sole cost and expense, provide Buyer with a Natural Hazard Zone Disclosure required by applicable law. 6.4 Buyer and Seller Cooperation. Buyer shall submit plans for the Project to Seller, and. Seller, in its capacity as the City within which the Project is located, will make the determination as to the required entitlements based upon. Buyer's proposed plans. Buyer may then process and obtain the Project Entitlements through Seller in its capacity as the City within which the Project Entitlements is located, Nothing in this Agreement shall be deemed to be a prejudgment or commitment with respect to exercise of governmental discretion with regard to such items, nor a guarantee that such approvals or permits will be granted at all or within any particular time or with or without any particular conditions. 7. Dest ctio Condemnation of Property.. Other Notices, In the event that all or any portion of the property is damaged or destroyed by any casualty under the provisions of applicable law after the Effective Date but prior to the date of Closing, Seller shall give Buyer immediate written notice of the same. -13-