Core Points - Educational Development Corporation (EDC) has amended its real estate contract with 10Mark 10K Industrial, LLC, extending the due diligence period and reducing the purchase price of the Hilti Complex to $32,200,000 [1][2] - The buyer has issued a notice to proceed with the purchase, waiving certain rights under the contract [2] - The sale proceeds will be used to pay off outstanding bank balances, improving the company's cash flow by eliminating monthly mortgage payments and reducing borrowings [3] Company Overview - EDC specializes in children's publishing and owns brands such as Kane Miller Books, Learning Wrap-Ups, and SmartLab Toys, with products sold through 4,000 retail outlets and independent brand partners [4] Property Details - The Hilti Complex consists of 402,000 square feet of rentable space on 37 acres, with significant portions leased to Hilti and Crusoe Energy [3]