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THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT AND DISPOSITION AND DEVELOPMENT AGREEMENT THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT AND DISPOSITION AND DEVELOPMENT AGREEMENT (this “Third Amendment”) is entered into as of December 19, 2022, by and between the City of San Leandro, a California charter city organized and existing under the laws of the State of California (“City”), and Cal Coast Companies LLC, Inc., a Delaware corporation doing business in California as Cal Coast Companies & Development (“Developer”). City and Developer are referred to individually as “Party,” and collectively as the “Parties.” RECITALS A. City and Developer have entered into a Disposition and Development Agreement for development of certain City owned property located within the City limits in the Shoreline- Marina area, dated as of July 22, 2020, and amended by the First Amendment to Purchase and Sale Agreement and Disposition and Development Agreement dated March 17, 2021, and the Second Amendment to Purchase and Sale Agreement and Disposition and Development Agreement dated June 21, 2022 (as amended, the “DDA”). B. In connection with the DDA, City and Developer have entered into a Purchase and Sale Agreement (the “Single Family PSA”) for development of between two hundred (200) and two hundred fifteen (215) for sale attached and detached single family homes on certain City-owned property to be sold to Developer (the “Single Family Property”), dated as of July 22, 2020, as amended. The Single Family PSA provides for Developer to pay to City the full purchase price for the Single Family Property through the escrow for the closing of the sale. C. Developer has requested that City provide short-term seller takeback financing for a portion of the purchase price of the Single Family Property, with the remainder of the purchase price to be paid by Developer through the escrow. D. City and Developer desire to enter into this Third Amendment to provide for City to make a short-term seller takeback loan to Developer for a portion of the Single Family Property purchase price, and to make other changes to the Single Family PSA and the DDA. In order to accommodate the making of such loan, the Parties desire to revise the outside date for the close of escrow of the sale of the Single Family Property pursuant to the Single Family PSA, and the commencement of the Ground Leases pursuant to the DDA, to a date not later than December 31, 2022. NOW THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. Takeback Financing Loan. City agrees to loan to Developer the total principal amount of Twenty-Four Million Eight Hundred Eighty-Two Thousand Nine Hundred Fifty-Eight Dollars ($24,882,958) (“City Loan”). The City Loan constitutes seller takeback financing for a portion of the purchase price of the Single Family Property, and the City shall not be required to