SSLM Properties LLC 12/30/2016 Amendment 3

CITY AMENDMENT NO.3 AGREEMENT OF PURCHASE AND SALE OF REAL PROPERTY This Amendment No. 3 to the Agreement of Purchase and Sale of Real Property (this"Amendment")is dated for reference purposes December 30,2016,by and between the CITY OF EVERETT, a municipal corporation("Buyer"or"City"),and SSLM PROPERTIES, LLC,a Washington limited liability company("Seller"). RECITALS A. Buyer and Seller are parties to the Agreement of Purchase and Sale of Real Property dated on or about July 26,2016,as amended by Amendment No. 1 dated October 10,2016,and Amendment No. 2 dated November 30,2016(as amended,the "Agreement"). B. Under the Agreement,the Inspection Period ends on December 30,2016. The Buyer and Seller desires to continue due diligence and extend the Inspection Period. Buyer and Seller have agreed that the Inspection Period should be extended until January 31, 2017. The Seller and Buyer agree as follows: 1. Inspection Period. The Inspection Period is hereby extended until 5pm (Pacific)on January 31,2017. 2. Effective Date. Regardless of when each party actually signs this Amendment, and regardless of whether both parties sign this Amendment after December 30, 2016,the effective date of this Amendment is deemed for all purposes to be December 30, 2016. The parties agree that, among other things, this means that the Inspection Period is deemed for all purposes to not have expired on December 30,2016. 3. No Other Changes/Counterparts. Except as amended by this Amendment,the Agreement remains in full force and effect. Capitalized terms have the same meaning as in the Agreement. This Amendment may be executed by with counterparts and/or by pdf signatures. 1