East Bay Permanent Real Estate Cooperative Sample Contracts

Investor Owner Agreement
Investor Owner Agreement • September 2nd, 2020 • East Bay Permanent Real Estate Cooperative • Real estate

You are signing up to invest in and become an Investor Owner of East Bay Permanent Real Estate Cooperative, Inc.! Please carefully read and complete this Investor Owner Agreement.

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East Bay Permanent Real Estate Cooperative Incubation and Technical Support Agreement (2020-2021)
East Bay Permanent Real Estate Cooperative • September 2nd, 2020 • Real estate

To support the wildly inspiring and transformative work of East Bay Permanent Real Estate Cooperative (EB PREC) and in recognition that EB PREC’s work advances the Sustainable Economies Law Center’s charitable and educational purposes, the Law Center commits to providing roughly 500 hours of non-legal assistance to EB PREC between June, 2020 and December 2021, including:

Legal Services Agreement (2020-2021)
Legal Services Agreement • September 2nd, 2020 • East Bay Permanent Real Estate Cooperative • Real estate

To support the awesome, radical, wonderful work of East Bay Permanent Real Estate Cooperative (EB PREC) and in recognition that EB PREC’s work advances the Sustainable Economies Law Center’s charitable and educational purposes, the Law Center is agreeing to provide pro bono legal services to EB PREC until the end of 2021. When signed by each of us, this will become our agreement for legal services.

Development Agreement #2 (2020) Between the Law Center and EBPREC
Development Agreement • September 2nd, 2020 • East Bay Permanent Real Estate Cooperative • Real estate

Sustainable Economies Law Center agrees to pay or spend for the benefit of East Bay Permanent Real Estate Cooperative (EB PREC) up to $568,164 between June 1, 2020 and December 31, 2021 and EBPREC agrees to do the following work, which advances the charitable and educational purposes of the Law Center:

Investor Owner Agreement
Investor Owner Agreement • September 2nd, 2020 • East Bay Permanent Real Estate Cooperative • Real estate

You are signing up to invest in and become an Investor Owner of East Bay Permanent Real Estate Cooperative, Inc.! Please carefully read and complete this Investor Owner Agreement.

Center for Cultural Innovation - AmbitioUS Capital Support Agreement
Capital Support Agreement • September 2nd, 2020 • East Bay Permanent Real Estate Cooperative • Real estate

This Grant from the Center for Cultural Innovation (CCI) is for the purposes described below and is subject to your acceptance of these conditions. This Agreement will become effective once the Agreement is signed by you and is received by CCI.

General Fundraising Agreement Between the Law Center and EBPREC
General Fundraising Agreement • September 2nd, 2020 • East Bay Permanent Real Estate Cooperative • Real estate

Sustainable Economies Law Center agrees to make a concerted effort to raise money with the goal of funding East Bay Permanent Real Estate Cooperative (EBPREC) development and operations from 2018 to 2020. Each time the Law Center brings in a round of funding for EBPREC, EBPREC and the Law Center will enter into a “Development Agreement” where the Law Center will agree to pay money to EBPREC and EBPREC will agree to carry out certain tasks or deliverables.

Development Agreement #1 Between the Law Center and EBPREC
Development Agreement • September 2nd, 2020 • East Bay Permanent Real Estate Cooperative • Real estate

Sustainable Economies Law Center agrees to pay East Bay Permanent Real Estate Cooperative (EBPREC) a fee of $36,000 and EBPREC agrees to work between now and April of 2019 toward achieving the following:

Contract
Development Agreement • April 28th, 2022 • East Bay Permanent Real Estate Cooperative • Real estate

Development Agreement #4 Between EB PREC and the Law Center This Agreement will replace and include any unpaid amounts from Development Agreements #2 and #3 between the Law Center and East Bay Permanent Real Estate Coopera_ve (EB PREC). Sustainable Economies Law Center agrees to pay EB PREC $894,500.00 by May 6, 2022. The Law Center also agrees to receive and hold addi_onal funds as a fiscal sponsor for EB PREC, which EB PREC may periodically invoice the Law Center for if and when such funds are reasonably necessary for the con_nua_on of the below-described work. At the _me of this Agreement, the Law Center is holding an addi_onal $3,307,246.84 for the purposes of developing EB PREC. EB PREC agrees to use all funds received to do the following work, which advances the charitable and educa_onal purposes of the Law Center: ● Pilot and share learnings about the innova_ve 7th Street coopera_ve economic development project. This may include: acquisi_on, predevelopment, development, and mana

Contract
Loan Agreement • April 28th, 2022 • East Bay Permanent Real Estate Cooperative • Real estate

FINAL FOR SIGNATURE – 9/28/2021 Loan Agreement ImpactAssets, Inc./East Bay Permanent Real Estate Cooperative Page 1 of 12 LOAN AGREEMENT THIS LOAN AGREEMENT (“Loan Agreement”) is made and entered into this 29th Day of September 2021 (the “Effective Date”) by and between ImpactAssets Inc., whose business office is located at 4340 East West Highway, Suite 210 Bethesda, MD 20814 (hereinafter LENDER), and Orbit Properties LLC whose business office is located at 1428 Franklin Street, Oakland, CA 94612 (hereinafter BORROWER). THE FOLLOWING TERMS are defined and hereinafter referred to as follows: LENDER: ImpactAssets Inc., a Maryland not-for-profit corporation and a 501(c)(3) nonprofit organization. BORROWER: Orbit Properties LLC, a California limited liability company PARENT: East Bay Permanent Real Estate Cooperative, a California Cooperative Corporation WITNESSETH: WHEREAS, BORROWER desires to borrow money from financial sources to facilitate BORROWER’S purchase and redevelopment of certa

February 11, 2021 Noni Session East Bay Permanent Real Estate Cooperative 1428 Franklin St
East Bay Permanent Real Estate Cooperative • April 29th, 2021 • Real estate

This letter supersedes and replaces the herein numbered Letter Agreement between Local Initiatives Support Corporation and East Bay Permanent Real Estate Cooperative, dated February 5, 2021, in order to correct the tax-determination status of the Grantee to reflect that the Company is a Cooperative Corporation.

Development Agreement #5 Between EB PREC and the Law Center
Development Agreement • August 15th, 2023 • East Bay Permanent Real Estate Cooperative • Real estate

This Agreement will replace and include any unpaid amounts from Development Agreements #2-4 between the Law Center and East Bay Permanent Real Estate Cooperative (EB PREC).

October 29, 2020
East Bay Permanent Real Estate Cooperative • April 29th, 2021 • Real estate

Center for Cultural Innovation - AmbitioUS Capital Support Agreement This Grant from CCI is for the purposes described below and is subject to your acceptance of these conditions. This Agreement will become effective once the Agreement is signed by you and is received by CCI. Grantor: The Center for Cultural Innovation, a California nonprofit, with a principal place of business at 244 S. San Pedro Street, Suite 401, Los Angeles, CA 90012 (“CCI,” “us”/“our”) Grantee: East Bay Permanent Real Estate Cooperative (EB PREC), a California Cooperative Corporation, with a principal place of business at 1428 Franklin St., Oakland, CA 94612 (“Grantee” “you”/“your”) Support Amount: $100,000 (“Grant Funds”) Support Type: One-year general operating support, expenditure responsibility grant, on the terms and conditions set out below (“Agreement”) Conditions: General operating support. Grantee must keep Grant Funds in a separate and independent bank account, or be able to account for every expenditure

General Fiscal Sponsorship Agreement Between the Law Center and EBPREC
General Fiscal Sponsorship Agreement • April 29th, 2021 • East Bay Permanent Real Estate Cooperative • Real estate

Sustainable Economies Law Center agrees to collaborate with East Bay Permanent Real Estate Cooperative (EB PREC) to raise and administer funds for EB PREC’s development and operations from January 2021 to the end of 2022. When the Law Center brings in funding for EB PREC, EB PREC and the Law Center will enter into a “Development Agreement” where the Law Center will agree to pay money to EB PREC and EB PREC will agree to carry out certain tasks or deliverables.

Legal Services Agreement (2022-2023)
Legal Services Agreement • August 15th, 2023 • East Bay Permanent Real Estate Cooperative • Real estate

To support the awesome, radical, wonderful work of East Bay Permanent Real Estate Cooperative (EB PREC) and in recognition that EB PREC’s work advances the Sustainable Economies Law Center’s charitable and educational purposes, the Law Center is agreeing to provide pro bono legal services to EB PREC until the end of 2023. When signed by each of us, this will become our agreement for legal services.

OPTION AGREEMENT
Option Agreement • April 29th, 2021 • East Bay Permanent Real Estate Cooperative • Real estate • California

This Option Agreement (“Agreement”) is made as of April. 1, 2021 between Alan Wofsy & Associates, a California corporation and Myrtle Street Flats LLC, dba Sunrise Properties, a California limited liability company (“Optionors”) and East Bay Permanent Real Estate Cooperative. Inc., a California corporation (“Optionee”).

General Fiscal Sponsorship Agreement Between the Law Center and EBPREC
General Fiscal Sponsorship Agreement • April 28th, 2023 • East Bay Permanent Real Estate Cooperative • Real estate

Sustainable Economies Law Center agrees to collaborate with East Bay Permanent Real Estate Cooperative (EB PREC) to raise and administer funds for EB PREC’s development and operations from March 31, 2023 to the end of 2024. When the Law Center brings in funding for EB PREC, EB PREC and the Law Center will enter into a “Development Agreement” where the Law Center will agree to pay money to EB PREC and EB PREC will agree to carry out certain tasks or deliverables.

General Fiscal Sponsorship Agreement Between the Law Center and EBPREC
General Fiscal Sponsorship Agreement • August 15th, 2023 • East Bay Permanent Real Estate Cooperative • Real estate

Sustainable Economies Law Center agrees to collaborate with East Bay Permanent Real Estate Cooperative (EB PREC) to raise and administer funds for EB PREC’s development and operations from March 31, 2023 to the end of 2024. When the Law Center brings in funding for EB PREC, EB PREC and the Law Center will enter into a “Development Agreement” where the Law Center will agree to pay money to EB PREC and EB PREC will agree to carry out certain tasks or deliverables.

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