Exhibit 10.2


 


ADDENDUM
TO STOCK PURCHASE AGREEMENT


 


This
Addendum to Stock Purchase Agreement (“Addendum”) dated as of September 30, 2020, in entered into by and between
1847 Cabinet Inc., a Delaware corporation (the “Buyer”), Kyle’s Custom Wood Shop, Inc., an Idaho corporation
(the “Company”), Stephen Mallatt, Jr., an individual, and Rita Mallatt, an individual (each, a “Seller,”
and collectively, the “Sellers”), and 1847 Holdings LLC, a Delaware limited liability company (“Buyer
Parent”).


 


This
Addendum is made as an addendum to that certain Stock Purchase Agreement dated August 27, 2020, by and between Buyer (aka 1847
Cabinets Inc., a Delaware corporation), the Company, Sellers, and Buyer Parent (“Stock Purchase Agreement”).


 


The
parties desire to enter into this Addendum to clarify and corrected the true legal name of the Buyer (as defined in the Stock
Purchase Agreement), and certain other provisions of the Stock Purchase Agreement as provided herein. Any terms not otherwise
defined in the Addendum shall have the meaning ascribed to it in the Stock Purchase Agreement.


 


NOW
THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the undersigned agree as follows:


 


1. Correction
to Buyer Name. The Stock Purchase Agreement erroneously provides the legal name of Buyer (as defined in the Stock Purchase
Agreement) as 1847 Cabinets Inc., a Delaware corporation. The entity 1847 Cabinets Inc. does not exist. The true and correct name
of Buyer (as defined in the Stock Purchase Agreement) is 1847 Cabinet Inc. As such, all references to 1847 Cabinets Inc. are intended
and shall be to 1847 Cabinet Inc. for purposes of the Stock Purchase Agreement and all other agreements, documents, and instruments
to be executed and delivered in connection therewith.


 


2. Confirmation
of Buyer Shares. Asset Purchase Agreement Section 2.1(b), provides, in part, that “Buyer Parent will cause its transfer
agent to issue to the Sellers an aggregate of 700,000 common shares of the Buyer Parent that, in aggregate, have a value as mutually
agreed upon by the parties that is equal to One Million, Four Hundred Thousand Dollars ($1,400,000) (the “Buyer Shares”).”
The parties hereby agree that the number of Buyer Shares that shall issue to the Sellers in accordance with the terms of the Stock
Purchase Agreement shall be 700,000 Buyer Shares.


 


The
undersigned, and their respective its successors and assigns, shall perform every act that may be reasonably required to effectuate
the provisions of Addendum. This Addendum shall be binding on the undersigned and their representatives and assigns. This Agreement
may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. Delivery of an executed counterpart signature page by facsimile, electronic mail in portable document
format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document,
has the same effect as delivery of an executed original of this Agreement.


 


[Signature
Page Follows]


 




     


     


    

 


IN
WITNESS WHEREOF, the undersigned hereto have caused this Addendum to be duly executed as of the date first above written.


 


	 	BUYER:
	 	 	 
	 	1847
    Cabinet Inc.
	 	 	 
	 	By:	/s/
    Ken Yaun
	 	Name: 	Ken
    Yuan 
	 	Title:	CEO 
	 	 	 
	 	BUYER
    PARENT:
	 	 	 
	 	1847
    Holdings LLC
	 	 	 
	 	By:	/s/
    Ellery W. Roberts
	 	Name: 	Ellery
    W. Roberts
	 	Title:	CEO
	 	 	 
	 	COMPANY:
	 	 	 
	 	Kyle’s
    Custom Wood Shop, Inc.
	 	 	 
	 	By:	/s/
    Stephen Mallatt, Jr.
	 	Name:	Stephen
    Mallatt, Jr. 
	 	Title:	President
    and CEO 
	 	 	 
	 	SELLERS:
	 	 	 
	 	/s/
    Stephen Mallatt, Jr. 
	 	Name:
    	Stephen
    Mallatt, Jr.
	 	 	 
	 	s/
    Rita Mallatt 
	 	Name:	Rita
    Mallatt


 


SIGNATURES
- ADDENDUM TO STOCK PURCHASE AGREEMENT