Safe & Green Development Corp

During the third quarter of 2024, none of our directors or executive officers adopted orterminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as each term is defined in Item 408(a) of Registration S-K).

On November 8 th, 2024 the Company entered into an amendment to the Joint Venture Agreement for Hacienda Olivia Phase II. Pursuant to the amendment, in the event the Joint Venturers are divided on a material issue and cannot agree on the conduct of the business and affairs of Joint Venture, a deadlock shall be deemed to have occurred in which the Company (the “Offerer”) may elect to purchase the Joint Venture interest of the other Joint Venturer (the “Offeree”) at an agreed upon valuation of $2,823,000 or the Company shall make the final decision to break the deadlock.

On November 8 th, 2024 the Company entered into an amendment to the Joint Venture Agreement for Pulga Internacional. Pursuant to the amendment, in the event the Joint Venturers are divided on a material issue and cannot agree on the conduct of the business and affairs of Joint Venture, a deadlock shall be deemed to have occurred in which the Company (the “Offerer”) may elect to purchase the Joint Venture interest of the other Joint Venturer (the “Offeree”) at an agreed upon valuation of $4,000,000 or the Company shall make the final decision to break the deadlock.

On November 8 th, 2024 the Company entered into an amendment to the Joint Venture Agreement for Sugar Phase 1. Pursuant to the amendment, in the event the Joint Venturers are divided on a material issue and cannot agree on the conduct of the business and affairs of Joint Venture, a deadlock shall be deemed to have occurred in which the Company (the “Offerer”) may elect to purchase the Joint Venture interest of the other Joint Venturer (the “Offeree”) at an agreed upon valuation of $1,100,000 or the Company shall make the final decision to break the deadlock.

On November 12 th, 2024 the Company entered into Credit Extension Agreement (the “Extension”) for the agreement with the Bryan Leighton Revocable Trust Dated December 13, 2023. The Extension extends the maturity date from September 1, 2024 to December 15 th, 2024. The Company paid an extension fee of $8,750 dollars and issued an additional 2,500 shares of the Company’s restricted common stock as consideration for the extension. The rate of interest also increased from 12% per annum to 14% per annum retroactive to September 1, 2024.

On November 13 th, 2024 we entered into an amendment to the Agreement of Sale (the “Second Amendment”) that amends the closing date to November 15 th, 2024 and increases the purchase price to $1,400,000 payable $439,328 in cash and $960,672 by the issuance of a promissory note to us. The promissory note will bear 10% interest per annum, provide for monthly interest payments and mature on March 15 th, 2025 with the option to extend up to three times by paying $10,000 for each extension.