Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement

On November 20, 2024, Seritage Growth Properties L.P. (the "Operating Partnership"), Seritage Growth Properties (the "Company"), and Berkshire Hathaway Life Insurance Company of Nebraska ("Berkshire Hathaway") entered into an amendment to the Senior Secured Term Loan Agreement by and among the Operating Partnership as borrower, the Company as parent and guarantor and Berkshire Hathaway as initial lender and administrative agent pursuant to which the Operating Partnership, the Company and Berkshire Hathaway mutually agreed that the Senior Secured Term Loan Agreement may, at the Operating Partnership's election, be extended for one year from July 31, 2025 (the "Maturity Date") to July 31, 2026 if the Operating Partnership pays a two percent (2%) extension fee on the then outstanding principal amount as of the Maturity Date. If the Operating Partnership exercises the extension option, all other terms under the Senior Secured Term Loan Agreement shall remain unchanged during the extension period including the interest rate and the Incremental Facility Fee in accordance with section 2.06(d) of the Senior Secured Term Loan Agreement.

The foregoing description of the amendment to the Senior Secured Term Loan Agreement is subject to and qualified in its entirety by reference to the copy of the agreement attached as Exhibit 10.1 herewith.