Exhibit 10.2


 


AMENDMENT TO REAL ESTATE PURCAHSE
AND SALE AGREEMENT 


  


THIS AMENDMENT TOREAL
ESTATE PURCHASE AND SALE AGREEMENT (this “Amendment”) is made and entered into as of December 14, 2017, by and
between Southeast Equity Properties, LLC, JHB1 Properties, LLC, TWH of Alabama, LLC, Robert
E Lee Living Trust, Vulcan Pacific, LLC, USA Regrowth Fund, LLC, Novato Ventures, LLC, Besaid, LLC, Thrive SF Capital Group, LLC,
JMZ Partners, LLC, Capital Concepts NW, LLC, BP Fund, LLC (collectively, “Seller”), and REVEN HOUSING
REIT, INC., a Maryland corporation (“Buyer”).


 


RECITALS:


 


WHEREAS, Seller
and Buyer entered into that certain Real Estate Purchase and Sale Agreement October 12, 2017 (the “Contract”),
pursuant to which Seller agreed to sell to Buyer certain real property consisting of 40 single family homes in the State of Alabama,
as more particularly described in the Contract, together with all of the improvements and structures located thereon, any heating
and ventilating systems and other fixtures located therein or thereon, and all rights, interests, benefits, privileges, easements
and appurtenances to the land and the Improvements, if any (collectively, the “Premises”); and


 


WHEREAS, Seller
and Buyer desire to amend the Contract in certain respects, all as more particularly described hereinbelow.


 


AGREEMENT:


 


NOW,
THEREFORE, in consideration of the mutual promises and covenants contained in the Contract, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by each of the parties, Seller and Buyer hereby agree as follows:


 


1.        The
Contract is hereby amended to provide that the Due Diligence Period shall expire on January 31, 2018.


 


2.       The
Contract is hereby amended to provide that the Closing Date shall occur on January 31, 2018.


 


3.       All
capitalized terms found in the Contract shall have the same meaning when used in this Amendment. This Amendment may be executed
by facsimile or electronic signatures, which for all purposes shall be deemed to constitute originals. In addition, this Amendment
may be executed simultaneously in two or more counterparts, each of which shall be deemed an original and all of which together
shall constitute one instrument.


 


4.       Except
as amended hereby, all terms and provisions of the Contract are and remain in full force and effect as therein written and are
reinstated, ratified, and/or confirmed if and to the extent required to affirm the continuing validity of the Contract.


 


5.       In
the event of a conflict between the terms of this Amendment and those of the Contract, the terms of this Amendment shall govern
and control.


 


IN WITNESS WHEREOF,
the parties have caused this Agreement to be executed as of the day and year first above written.


 


 


[SIGNATURE PAGES FOLLOW]


 




    	 	1	 



     


    

 


[Signature Pages for Seller]


 


 





	 	SOUTHEAST EQUITY PROPERTIES, LLC, an Alabama limited

                                                       liability company

	 	 	 	 
	 	By:	/s/ Justin Harrison	 
	 	Name:	Justin Harrison	 
	 	Title:	Owner/Member	 
	 	 	 	 
	 	JHB1 Properties, LLC, an Alabama limited liability company
	 	 	 	 
	 	By:	/s/ Justin Harrison	 
	 	Name:	Justin Harrison	 
	 	Title:	Owner/Member	 
	 	 	 	 
	 	TWH of Alabama, LLC, an Alabama limited liability company
	 	 	 	 
	 	By:	/s/ Justin Harrison	 
	 	Name:	Justin Harrison	 
	 	Title:	Owner/Member	 
	 	 	 	 
	 	Robert E ee Living Trust, a trust formed under the laws of the

                                                       State of California

	 	 	 	 
	 	By:	/s/ Jeff Welles	 
	 	Name:	Jeff Welles	 
	 	Title:	Trustee	 
	 	 	 	 
	 	Vulcan Pacific, LLC, a California limited liability company
	 	 	 	 
	 	By:	/s/ Jeff Welles	 
	 	Name:	Jeff Welles	 
	 	Title:	Managing Member	 
	 	 	 	 
	 	USA Regrowth Fund, LLC, an Alabama limited liability company
	 	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs	 
	 	Title:	Owner	 
	 	 	 	 
	 	Novato Ventures, LLC, an Alabama limited liability company
	 	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs	 
	 	Title:	Owner	 
	 	 	 	 
	 	Besaid, LLC, an Alabama limited liability company
	 	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs	 
	 	Title:	Owner	 




 




    	 	2	 



     


    

 


 





	 	Thrive SF Capital Group, LLC, an Alabama limited liability

                                                       company

	 	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs	 
	 	Title:	Owner	 
	 	 	 	 
	 	JMZ Partners, LLC, an Alabama limited liability company
	 	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs	 
	 	Title:	Owner	 
	 	 	 	 
	 	Capital Concepts NW, LLC, an Alabama limited liability company
	 	 	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs	 
	 	Title:	Owner	 
	 	 	 	 
	 	BP Fund, LLC, an Alabama limited liability company
	 	 
	 	By:	/s/ Jay Hinrichs	 
	 	Name:	Jay Hinrichs	 
	 	Title:	Owner	 




 


[End of Signature Pages of Seller]


 


 




    	 	3	 



     


    

[Signature Page for Buyer]


 


	 	REVEN HOUSING REIT, INC.,
	 	a Maryland corporation
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Chad Carpenter	 
	 	 	Chad Carpenter	 
	 	 	Chief Executive Officer	 




 


 








    	 	4