Exhibit 10.5


Fourth
AMENDMENT TO PURCHASE agreement


 


THIS FOURTH AMENDMENT TO
PURCHASE AGREEMENT (this “Amendment”) is made and entered into as of May 26, 2022 (the “Effective
Date”) by and between Pineapple Energy Inc., f/k/a/ Communications Systems, Inc., a Minnesota corporation (“Seller”)
and Buhl Investors, LLC, a Minnesota limited liability company, or its assigns (“Buyer”).


 


RECITALS


 


WHEREAS, Seller and
Buyer entered into a Purchase Agreement dated November 18, 2021, amended pursuant to that certain First Amendment to Purchase Agreement
dated February 15, 2022, that certain Second Amendment to Purchase Agreement dated April 11, 2022, and that certain Third Amendment to
Purchase Agreement dated April 25, 2022 (collectively, the “Purchase Agreement”) wherein Seller agreed to sell
to Buyer, and Buyer agreed to buy from Seller, that certain real property located at 10900 Red Circle Drive, located in the city of Minnetonka,
Hennepin County, Minnesota, and as more particularly described in the Purchase Agreement; and


 


WHEREAS, Buyer and
Seller now desire to further amend the Purchase Agreement in the manner set forth below.


 


AGREEMENT


 


NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows:


 


1.                 
Recitals; Defined Terms. The foregoing recitals are true and correct and are incorporated herein by reference. All capitalized
terms in this Amendment shall have the same meaning as set forth in the Purchase Agreement, except as otherwise noted herein.


 


2.                 
Inspection and Contingency Rights/Closing Date. Buyer hereby waives all of its contingency rights held under the Purchase
Agreement upon the expiration of the Contingency Termination Date. The Contingency Termination Date shall be 11:59 pm CDT on Thursday,
May 26, 2022, at which time the Earnest Money shall become nonrefundable to Buyer. The Closing Date is June 10, 2022.


 


3.                 
Purchase Price. The definition of Purchase Price is hereby amended and restated to be the sum of Six Million Five Hundred
Thousand and No/100 Dollars ($6,500,000.00).


 


4.                 
Conflict Provision. This Amendment is intended to supplement and amend the provisions of the Purchase Agreement. To the
extent that any of the provisions contained herein are inconsistent with the provisions of the Purchase Agreement, the provisions of this
Amendment shall control. Except as specifically modified herein, the Purchase Agreement shall remain unchanged and in full force and effect.


 


5.                 
Counterpart Execution. This Amendment may be executed via electronic transmission including the use of DocuSign or similar
services, facsimile transmission, or via email and in one or more counterparts which, taken together,
shall constitute one and the same amendment.


 


[Signature page to follow.]


 


    


     


    

IN WITNESS WHEREOF,
this Amendment has been executed and delivered by Seller and Buyer and shall be deemed to be effective as of the date set forth above.




	 	SELLER:
	 	 
	 	Pineapple Energy  Inc., 
	 	a  Minnesota corporation  
	 	 
	 	By:	/s/ Mark Fandrich
	 	 	Mark
 Fandrich 
	 	 	Chief Financial Officer
	 	 	 
	 	 	 
	 	BUYER:
	 	 
	 	Buhl Investors, LLC,
	 	a
Minnesota limited liability company
  
	 	 
	 	By:	/s/ Peter Deanovic 
	 	 	Peter Deanovic  
	 	 	Chief Executive Officer 
	 	 	 



 




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