5A3 First Amendment Purchase Agreement (The Row) - Fully Executed

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1 FIRST AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT This FIRST AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT (this “First Amendment”) is made and entered into to be effective as of the 11th day of June, 2026, by and between South Bend Redevelopment Commission (“Seller”), as Seller, and ID2 LLC, an Indiana Limited Liability Company, with its registered address being 1251 N. Eddy St, Suite 200, South Bend, IN 46617 (“Buyer”), as Buyer (each a “Party” and collectively, the “Parties”). RECITALS A.Seller and Buyer entered into that certain Real Estate Purchase Agreement, dated effective as of April 9, 2026 (the “Agreement”), for the purchase and sale of certain real property located in St. Joseph County, City of South Bend, State of Indiana as more particularly described in Exhibit A of the Agreement (the “Property”). B.Certain circumstances have changed since the execution of the Agreement, and the Seller and the Buyer now collectively desire to amend the Agreement to update the Buyer’s Post- Closing Development Obligations. C.Seller believes that such actions are in the best interests of the health, safety, and welfare of the City and its residents. D.Seller and Buyer now desire to amend the Agreement as set forth herein. AGREEMENT NOW, THEREFORE, in consideration of these premises, and the mutual covenants and promises contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Buyer and Seller hereby agree as follows: 1.Recitals. The recitals set forth above, including each and every recital contained therein, are incorporated into and made a part of this Amendment as though fully set forth herein. 2.Amendments. The Agreement is hereby amended as follows: a)The second sentence of Section 11(A) shall be deleted and replaced with the following text: Such improvements shall include redeveloping the Property into a mixed-income housing development containing no fewer than fifteen (15) housing units. The Buyer will offer for sale no fewer than ten (10) properties for purchase, of which no fewer than four (4) properties shall be offered for sale at prices affordable to households with incomes at or below one hundred percent (100%) of the Area Median Income (“AMI”) and no fewer than three (3) additional properties shall be offered for sale at prices affordable to households with incomes at or below one hundred twenty percent (120%) AMI for the year in which such property is offered for sale, as determined annually by the United States Department of Housing and