FIRST AMENDMENT TO DEVELOPMENT AGREEMENT  THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT ("Amended Agreement") is entered into by and between the City of Joshua, Texas ("City"), and SRE Joshua Dev, LLC ("Owner") (individually, a Party" and colléctively, the Parties") to be  effective (the "Effective Date") on the latest date executed by a Party.  WHEREAS, on or about November 12, 2021, Owner and the City entered into a Development Agreement ("2021 Agreement") relative to the development of the  Mockingbird Hills Addition ("the Development") in the City; and  WHEREAS, the 2021 Agreement contemplated two (2) phases for the Development, and certain provisions of the 2021 Agreement specifically related to Phase  1ofthe Development, as referenced therein; and  WHEREAS, Owner is now in the process of developing Phase 2 of the Development, and the Parties wish to adopt the standards and provisions contained in  the 2021 Agreement for Phase 2 of the Development; and  WHEREAS, the legal description of both Phase 1 and Phase 2 of the Property (both phases collectively referred to as the "Property") is contained in Exhibit A, attached  hereto and incorporated by reference; and  WHEREAS, the provisions of both the 2021 Agreement and this Amended NOW, THEREFORE, in consideration oft thei foregoing premises, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged,  Agreement will apply to both Phase 1 and Phase 2 of the Property.  the Parties to this Agreement agree as follows:  1.  Applicability of the 2021 Agreement. Owner and the City agree that both  Phase 1 and Phase 2 of the Development shall be subject to all provisions of the 2021  Agreement, except to the extent referenced herein.  2.  Payment of Parkland Dedication Fee for Phase 2 of the Development.  The Parties agree and acknowledge that the parkland dedication fee for Phase 2 of the Development is $43,281.00, and said amount shall be paid by Owner to the City prior to  plat recordation of Phase 2 of the Development.  3.  Payment of Inspection Fees for Phase 2 of the Development. The  Parties agree and acknowledge that inspection fees for Phase 2 of the Development is $112,585.00, and said amount shall be paid by Owner to the City upon execution of this  Agreement.  1    4. effect.  Effect of 2021 Agreement. Except to the extent referenced in this  Amended Agreement, the 2021 Agreement shall remain unchanged and in full force and  IN WITNESS WHEREOF, the parties hereto have caused this document to be  executed as of the date referenced herein.  CITY:  THE CITY OF JOSHUA, TEXAS  By:.  Name: Mike Peacock Title: City Manager, City of Joshua  STATE OF TEXAS COUNTY OF JOHNSON )  ) )  This instrument was acknowledged before me on the  day of  2022, by Mike Peacock, City Manager of the City of Joshua, Texas, on behalf of the City  of. Joshua, Texas.  Notary Public, State of Texas My Commission Expires:  2    OWNER:  SRE JOSHUA DEV, LLC  A Mike Sangallis President  STATE OF TEXAS COUNTY OF JOHNSON )  This instrument was acknowledged before me on the Zfaday of Jdwy 2022, by Mike Sangalli on behalf of SRE Joshua Dev, LLC, and known to be thé person whose name is subscribed to the foregoing instrument, and that-he.executed the same  on behalf of and as the act of such Owner.  Notary Public, My Commission Expires:  AAL  B: SICILIANO NotaryPublic, Comm. State ofT Texas! Expires 01-11-2023 Notary ID 12442708-5  3    EXHIBITA (Property Description)  4