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FIRST AMENDMENT <br />TO <br />PURCHASE AGREEMENT <br />This is the First Amendment to the Purchase Agreement by and between the City of <br />Ramsey, a Minnesota municipal corporation ("Seller"), and Roers Acquisitions LLC, a Minnesota <br />limited liability company ("Buyer"), and Roers Ramsey Apartments I LLC, a Delaware limited <br />liability company (Assignee) with an Effective Date of May 29, 2025. <br />Recitals <br />1. EFFECTIVE DATE. The Effective Date remains May 29, 2025. <br />2. Roers Acquisitions LLC ("Buyer") and City of Ramsey ("Seller") agree to assign Buyer's <br />interest to Roers Ramsey Apartments I LLC ("Assignee") effective immediately. <br />3. SALE OF PROPERTY. The legal description of the Property to be conveyed is amended to <br />the following platted real property: <br />Lot 1, Block 7, Waterfront Village, Anoka County, Minnesota <br />PID Number: 28-32-25-23-0025 ("Property") <br />Agreement <br />1. AMENDMENT APPROVAL. Buyer and Seller hereby approve this First Amendment to <br />Purchase Agreement as modified by the above Recitals, which are hereby incorporated herein. <br />2. REMAINING TERMS. All other provisions of the Purchase Agreement remain unchanged <br />except to the extent inconsistent with the terms of this First Amendment to Purchase Agreement. <br />The terms used in this First Amendment to Purchase Agreement have the same meaning as in <br />the Purchase Agreement. <br />Page 1 of 3 <br />