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202107010534 Document:AM-AGMT Rec: 5109.50 Page-2 of 7 Record Date:7/1/2021 12:23 PM Snohomish County, WA MEMORANDUM OF ADDENDUM TO SECOND AMENDMENT OF DEVELOPMENT AGREEMENT This Memorandum of Addendum to Second Amendment of Development Agreement ("Memorandum") dated for reference purposes May 4, 2021, by Riverfront Commercial. Investment, L.L.C, Riverfront Phase l LLC, Riverfront Phase 2 LLC, Riverfront Phase 3 LLC, Riverfront Phase 4 LLC, Riverfront Grocer LLC, and Riverfront Theater LLC (collectively, "RCI Entities") and the City of Everett, a municipal corporation of the State of Washington ("City") (each a "Party" and together the "Parties"). The Parties executed the Second Amendment to the Development Agreement as of May 17, 2019 (the "Second Amendment"), a memorandum of which was recorded under Snohomish County recording number 201908230500. The Second Amendment concerns the "Developer Property," which is described on the attached Exhibit A. The Second Amendment amends that certain Development Agreement executed by the City and Riverfront's predecessor -in -interest dated as of June 2, 2009, which concerned the Developer Property and other properties, and a memorandum of which was recorded in Snohomish County under recording number 200911500290. The Parties executed the Addendum to the Second Amendment to the Development Agreement as of May 4, 2021 (the "Addendum"). The Addendum concerns the Developer Property. Subject to the terms and conditions of the Addendum, this Memorandum is recorded to give public notice of the Addendum, and in no way modifies or affects the terms and conditions of the Addendum. [Signatures on following pages.] {04150296.D0CX;3 ) Page 2 of 7