EX-10.14





 Exhibit 10.14 

FOURTH AMENDMENT TO MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT 

This FOURTH AMENDMENT TO MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT (this “Amendment”) is made as of
February 14, 2020 (the “Effective Date”) by and between KRE JAG ONE UPLAND VENTURE LLC, a Delaware limited liability company (“Seller”) and CC ONE UPLAND, LLC, a Delaware limited liability company
(“Buyer”). 
 RECITALS: 

A.    Seller and Buyer entered into that certain Membership Interest Purchase and Sale Agreement, dated as of
January 3, 2020, as amended by that certain First Amendment to Membership Interest Purchase and Sale Agreement (the “First Amendment”), dated as of January 24, 2020, as further amended pursuant to that certain Second
Amendment to Membership Interest Purchase and Sale Agreement, dated as of January 30, 2020 (the “Second Amendment”), and that certain Third Amendment to Membership Interest Purchase and Sale Agreement (the “Third
Amendment”), dated as of February 7, 2020 (collectively, as the same may be further amended, supplemented and/or modified from time to time, the “Purchase Agreement”), with respect to the purchase and sale of one
hundred percent (100%) of the Interests of KRE JAG One Upland Owner LLC, a Delaware limited liability company, as more particularly described in the Purchase Agreement. 

B.    Pursuant to the Third Amendment, the parties hereto agreed to extend the Due Diligence Period under Purchase
Agreement solely with regard to certain specified matters more particularly set forth therein, which extended the Due Diligence Period to 5:00 p.m. Pacific time, on February 14, 2020. 

C.    The parties hereto desire to modify the matters which are the subject of Buyer’s continued due diligence
investigations and further extend the Due Diligence Period solely with respect to the Modified Extended Diligence Matters (as such term is defined in the Third Amendment) to February 18, 2020. 

D.    Seller and Buyer desire to amend the Purchase Agreement as more particularly set forth in this Amendment. 

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

1.    Defined Terms. All terms capitalized but not otherwise defined herein shall have the meanings ascribed to
them in the Purchase Agreement. 
 2.    Due Diligence Period. Pursuant to Section 2 of the Third Amendment,
the Due Diligence Period is set to expire on 5:00 p.m (Pacific Time) on February 14, 2020 with regard to 












 
the Modified Extended Diligence Matters. Notwithstanding the foregoing, Buyer has requested a further extension of the Due Diligence Period solely as it relates to Buyer’s further
investigation of Modified Extended Diligence Matters. Accordingly, the parties hereto agree that the Due Diligence Period under the Purchase Agreement shall be extended solely as it pertains to the Modified Extended Diligence Matters until 5:00 p.m.
(Pacific Time) on February 18, 2020, and that Buyer, by its execution hereof, hereby waives any and all rights to terminate the Purchase Agreement pursuant to Section 2.5 thereof as to all matters other than the Modified Extended Diligence
Matters. 
 3.    Full Force and Effect. Except as expressly modified by this Amendment, the Purchase Agreement
shall remain in full force and effect. 
 4.    Counterparts. This Amendment may be executed in two or more fully
or partially executed counterparts (including PDF), each of which will be deemed an original binding the signer thereof against the other signing parties, but all counterparts together will constitute one and the same instrument. 

[SIGNATURES APPEAR ON THE FOLLOWING PAGE] 

  
 2 













 IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment as of the day and
year first above written. 
  

							
	SELLER:	 		 	KRE JAG ONE UPLAND VENTURE LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	 /s/ Michael Friedland

		 		 	Name:	 	Michael Friedland
		 		 	Title:	 	Vice President


  
 [Signature Page –
Fourth Amendment to Membership Interest Purchase and Sale Agreement] 














											
	BUYER:	 		 	CC ONE UPLAND, LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	Cottonwood Communities O.P., LP,
		 		 		 	a Delaware limited liability company, its Sole Member
					
		 		 		 	By:	 	Cottonwood Communities, Inc.,
		 		 		 		 	a Maryland corporation, its General Partner
						
		 		 		 		 	By:	 	 /s/ Enzio A. Cassinis

		 		 		 		 	Name:	 	Enzio A. Cassinis
		 		 		 		 	Title:	 	CEO and President


  
 [Signature Page –
Fourth Amendment to Membership Interest Purchase and Sale Agreement]