Five Point amends Great Park DMA; base fee $12M for 2022, term to Dec 31

Five Point Holdings, LLC

Project Team Reimbursement eliminated; Base Fee increased to $12M for 2022, vs ~$18M combined in 2021.
DMA term extended through Dec 31, 2022; if not renewed, incentive compensation retroactively cut from 9% to 6.75% of distributions.
New approval requirements for consulting/marketing contracts over $100K and political/charitable contributions.
CEO defined as Daniel Hedigan; President as Lynn Jochim; notice and definitional updates.

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