25A - AMENDMENT TO AGMT WITH CARIBOU INDUSTRIES

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EXHIBIT 1 FIRST AMENDMENT TO SECOND EXCLUSIVE NEGOTIATION AGREEMENT This First Amendment to Second Exclusive Negotiation Agreement is made and entered into this day of April, 2020, by and between CARIBOU INDUSTRIES, INC., a Nevada corporation ("Developer"), and the CITY OF SANTA ANA, a charter city and municipal corporation, organized and existing under the Constitution and laws of the State of California ("City"). RECITALS A. The City and Developer, entered into Second Exclusive Negotiation Agreement No. A-2019-062, dated May 7, 2019, in order to provide a specified period of time to attempt to negotiate a disposition and development agreement ("DDA") ("said Agreement"). B. In accordance with the terms and conditions of said Agreement, the Parties desire to amend the Term of Agreement section to extend the Negotiation Period for an additional six (6) months, until November 6, 2020, while also providing two (2), optional ninety (90) day administrative extensions pursuant to City Manager and Developer approval. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions of said Agreement, except as herein modified, the parties agree as follows: Section 2, Term of Agreement, subsection (a), shall be amended to extend the Negotiation Period for an additional six (6) months, until November 6, 2020. Section 2, Term of Agreement, shall be amended to add subsection (d) to read as follows: "The Negotiation Period may be extended upon the mutual written agreement of the City Manager and the Developer for up to two (2) additional ninety (90) calendar day periods, as needed to complete the DDA negotiations and environmental review of the Project." Except as hereinabove modified, all terms and conditions of said Agreement shall remain in full force and effect. Page 1 of 2 25A-3