Parties Tranquility Investments (QLD) Pty Ltd ACN 158 407 419 of Fairfax House, level 5, 19-31 Pitt Street, Sydney NSW 2000 (Quantum) and Dandina Pty Ltd ACN 167 219 481 as agents for the Occitan Trust of Glavale Road Cnr of Brisbane Highway Valley, Fernvale QLD 4306 (Murdoch) (joint ventures) Tranquility Developments (QLD) Pty Ltd ACN 167 107 468 of Fairfax House, Level 4, 19-31 Pitt Street, Sydney NSW 2000 (Development Manager) Joint venture agreement for the project. The development manager was tasked by the joint ventures to carry out the work in the countryside and as a management company for the development of the project. The development manager carries out or procures the work in accordance with this agreement. The joint ventures and the development manager have agreed to enter into this agreement in order to register the rights, obligations and rights of the contracting parties. The Commission designates the Agency`s commission that the development manager must pay to an agent/importer under a sales contract, up to 3% of the purchase price. THIS DEVELOPPEMENT GESTION ACCORD (“this” agreement” will be concluded and concluded on January 18, 2018 (“Date of effect”) between IBG REAL ESTATE HOLDINGS II, INC., a Texas company (“owner”), and KDC MCKINNEY DEVELOPMENT ONE LLC, a Texas limited liability company (“Manager”). THIS ACCORD OF DEVELOPPEMENT GESTION comes into effect from ` GLOBAL REIT 320 108TH AVE LLC (the “owner”) and HINES INTERESTS LIMITED PARTNERSHIP (the “development manager”). THIS DEVELOPPEMENT GESTION ACCORD (this “agreement”) dates from September 22, 2010 to and under LR8 OWNER, LLC, a limited liability company in Delaware (the “owner”), TNHC REALTY AND CONSTRUCTION, INC., a Delaware Corporation (“TRC”), and The New Home Company of Southern California, a delaware limited liability company (the member of the administration and associated with TRC). THIS TWO AMENDE AND RESTATED DEVELOPMENT MANAGEMENT AGREEMENT MIS IN VIGUEUR ON APRIL 21, 2017 (the “effective date”), from and under Heritage Fields EL TORO, LLC, a limited liability company in Delaware (“owner”), Five Point Communities Management, INC., a Delaware company (“Manager”), for the sole purposes of Section 4.8, FIVE POINT OPERATING COMPANY, LLC, of a Delaware limited liability company (the “operating company”) and, for the purposes of Sections 4.7 and 4.8, managers and owners are sometimes referred to as “party” and collectively “party.” This first amendment to the Development Management Agreement (CONCORD NAVAL WEAPONS STATION) (this “amendment”) of April 13, 2017 is produced by and between LENNAR CONCORD, LLC, a limited liability company in Delaware (“Lennar Concord”), and TSC MANAGEMENT CO., LLC, a limited liability company in Delaware (“Manager”).