Exhibit 10.2





SECOND AMENDMENT TO


SINGLE FAMILY HOMES REAL ESTATE PURCHASE
AND SALE AGREEMENT


 


 


THIS SECOND AMENDMENT
TO SINGLE FAMILY HOMES REAL ESTATE PURCHASE AND SALE AGREEMENT (this "Second Amendment") is made as of
October 21, 2014 by and among HIGHMARK INVESTORS, LLC, a Tennessee limited liability company (“Seller”)
and REVEN HOUSING TENNESSEE, LLC, a Delaware limited liability company (“Buyer”) as assignee of REVEN
HOUSING REIT, INC., a Maryland corporation, with reference to the following recitals:


 


RECITALS


 


A.Seller and
Reven Housing REIT, Inc., a Maryland corporation (“Original Buyer”) entered into that certain Single
Family Homes Real Estate Purchase and Sale Agreement dated June 5, 2014 (“Agreement”) pursuant to which
Seller agreed to sell and Original Buyer agreed to purchase from Seller, fourteen (14) single family homes in the city of Memphis,
Tennessee (collectively, the “Property”).


 


B.Seller and Buyer executed the
First Amendment to Single Family Homes Real Estate Purchase and Sale Agreement on July 22, 2014 (the “First Amendment”)
to delay the purchase of four (4) homes, assign Original Buyer’s interest in the Agreement to Buyer, to provide notice of
Buyer’s intent to Close, and to list the repairs covered by the Purchase Price Holdback.


 


C.Seller and Buyer have agreed
to again amend the Agreement to extend the Closing by ninety (90) days.


 


NOW THEREFORE, in consideration of the
mutual agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
Buyer and Seller hereby agree as follows:


 


AGREEMENT


 


1.Definitions.
All initially-capitalized terms used in this Second Amendment without definition shall have the meanings given such terms in the
Agreement.


 


2.Delayed Closing.
Buyer and Seller agree that the Closing shall be extended by ninety (90) days from the date of this Second Amendment.


 


3.Governing
Law. This Second Amendment shall be governed by the laws of the State of Tennessee.


 


4.Full Force
and Effect. Except as modified herein, Buyer and Seller agree and affirm that the Agreement remains in full force and effect.


 






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5.Counterparts.
This Second Amendment 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. An electronically transmitted counterpart of this Second Amendment shall
constitute an original for all purposes.


 


6.Miscellaneous.
This Second Amendment, together with the First Amendment and the Agreement, sets forth the entire agreement between the parties
with respect to the subject matter set forth herein and therein and may not be modified, amended or altered except by subsequent
written agreement between the parties. In case of any inconsistency between the provisions of the Second Amendment, First Amendment,
and the Agreement, the provisions of this Second Amendment shall govern and control. This Second Amendment shall be binding upon
and shall inure to the benefit of Buyer and Seller and their respective successors and assigns, if any.


 


 


 


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IN WITNESS WHEREOF, Buyer and Seller have
caused this Second Amendment to be duly executed on their behalfs as of the day and year first stated above.


 


 


	 	SELLER
	 	 
	 	HIGHMARK INVESTORS, LLC, a Tennessee limited liability company
	 	 
	 	By:	/s/ Jeffrey King
	 	Name:	Jeffrey King
	 	Its:	Member
	 	 	 


 


 


	 	BUYER
	 	 
	 	REVEN HOUSING TENNESSEE, LLC, a Delaware limited liability company
	 	 
	 	By:	Thad Meyer
	 	 	Thad Meyer
	 	 	Chief Financial Officer
	 	 	 


 


 


 



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