Document:

Exhibit 10.1

 

AMENDMENT TO REAL ESTATE PURCHASE
AND SALE AGREEMENT 

 

 

THIS AMENDMENT TOREAL
ESTATE PURCHASE AND SALE AGREEMENT (this “Amendment”) is made and entered into as of September 27, 2017, by
and between A & J INVESTMENTS, LLC, an Alabama limited liability company, and MFJ, LLC, an Alabama limited liability company
(collectively, “Seller”), and REVEN HOUSING ALABAMA, LLC, a Delaware limited liability company (“Buyer”).

 

RECITALS:

 

WHEREAS, Seller
and Buyer entered into that certain Real Estate Purchase and Sale Agreement date September 6, 2017 (the “Contract”),
pursuant to which Seller agreed to sell to Buyer certain real property consisting of 50 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”);

 

WHEREAS, the
Due Diligence Period (as defined in the Contract) is scheduled to expire on October 6, 2017;

 

WHEREAS, Buyer
has requested to further extend the Due Diligence Period; 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 October 31, 2017.

 

2.       The
Contract is hereby amended to provide that the Closing Date shall occur on October 31, 2017

 

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.

 

	 	SELLER
	 	 	 
	 	A & J INVESTMENTS, LLC, an Alabama limited liability company
	 	 	 
	 	By: Foundation Residential Acquisition Fund I, LLC, its Sole Member
	 	 	 
	 	By: Foundation Fund Management Company, LLC, its Manager
	 	 	 
	 	 	 
	 	By: 	/s/ John J. Thomas
	 	 	John J. Thomas,
	 	 	Vice President
	 	 	 
	 	 	 
	 	MFJ, LLC, an Alabama limited liability company
	 	 	 
	 	By: Foundation Residential Acquisition Fund I, LLC, its Sole Member
	 	 	 
	 	By: Foundation Fund Management Company, LLC, its Manager
	 	 	 
	 	 	 
	 	By:	/s/ John J. Thomas
	 	 	John J. Thomas,
	 	 	Vice President
	 	 	 
	 	 	 
	 	BUYER
	 	 	 
	 	REVEN HOUSING ALABAMA, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	 	 
	 	By:	/s/ Chad Carpenter
	 	 	Chad Carpenter,
	 	 	Chief Executive OfficerEXHIBIT 4.2

 

[FORM OF
CERTIFICATE

OF

6.50% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A]

 

[FACE OF CERTIFICATE]

 

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE CORPORATION OR THE REGISTRAR NAMED ON THE
FACE OF THIS CERTIFICATE, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO. HAS AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE
AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH
IN THE CERTIFICATE OF DESIGNATIONS. IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR NAMED ON THE FACE
OF THIS CERTIFICATE SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH REGISTRAR MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER
COMPLIES WITH THE FOREGOING RESTRICTIONS.][1]

 

 

	NUMBER [●]	[●] SHARES

 

CUSIP NO. 85917A 308

 

SEE REVERSE FOR CERTAIN INSTRUCTIONS

 

sterling
bancorp

 

6.50% Non-Cumulative Perpetual Preferred
Stock, Series A

(par value $0.01 per share)

(liquidation preference $1,000 per share)

 

This certifies that [●] (the “Holder”)
is the registered owner of [●] fully paid and non-assessable shares of 6.50% Non-Cumulative Perpetual Preferred Stock, Series
A, par value $0.01 per share and $1,000 liquidation preference per share (the “Series A Preferred Stock”), of Sterling
Bancorp (the “Corporation”), a Delaware corporation. The shares of Series A Preferred Stock represented by this certificate
are transferable only on the stock transfer books of the Corporation by the holder hereof in person or by its duly authorized attorney
or other representative, upon the surrender of this certificate properly endorsed. This certificate is not valid unless countersigned
and registered by the Corporation’s transfer agent and registrar for the Series A Preferred Stock.

 

 

 

		1	To be included if the certificate is in global form,
otherwise to be removed.

 

     

     

    

 

IN WITNESS WHEREOF,
the Corporation has caused this certificate to be executed on its behalf by its duly authorized officers.

 

Dated: [●]

 

	
        By:

        

        
	 	 	
        By:

        
	 	 
	 	Name:	 	 	 	Name:	 	 
	 	Title:	 	 	 	Title:	 	 

 

COUNTERSIGNED AND REGISTERED:

 

COMPUTERSHARE SHAREOWNER SERVICES, LLC,

as Transfer
Agent and Registrar

 

	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	Dated:	 	 

 

     

     

    

 

[REVERSE OF CERTIFICATE]

 

sterling
bancorp

 

The shares of Series
A Preferred Stock represented by this certificate are issued subject to all the provisions of the certificate of incorporation
(including the Certificate of Designations for the Series A Preferred Stock) and bylaws of Sterling Bancorp (the “Corporation”)
as from time to time amended (copies of which are on file at the principal executive office of the Corporation), to all of which
the holder by acceptance hereof assents.

 

The Corporation will
furnish to any shareholder upon request and without charge a full statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each authorized class of stock or series thereof and the qualifications, limitations
or restrictions of such preferences and/or rights, to the extent that the same have been fixed, and of the authority of the board
of directors to designate the same with respect to other series. Such request may be made to the Corporation or to its transfer
agent and registrar.

 

The securities represented
by this instrument are not savings accounts, deposits or other obligations of a bank and are not insured by the Federal Deposit
Insurance Corporation or any other governmental agency.

 

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF
IT IS LOST, STOLEN OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT
CERTIFICATE

 

The following abbreviations,
when used in the inscription of the face of this certificate, shall be construed as though they were written out in full according
to the applicable laws or regulations:

 

	TEN COM 	-	as tenants in common	 
	TEN ENT	-	as tenants by the entireties	 
	JT TEN	-	as joint tenants with right of survivorship and	 
	 	 	not as tenants in common	 

   

	UNIF GIFT MIN ACT - 	 	Custodian	 	 
	 	 	 	 	 
	 	(Custodian)	 	(Minor) 	 
	 	 	 	 	 
	 	under Uniform Gifts to Minors Act _________
	 	 	(State)		 	 
	 	 	 	 	 	 	 	 	 	 

 

Additional abbreviations
may also be used though not in the above list.

 

     

     

    

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the undersigned hereby
sells, assigns and transfers to

 

Please insert Social Security or

other identifying number of assignee

	 

 

Please print or typewrite name and

address, including zip code, of assignee

 

_______________________________________________________________________________

 

_______________________________________________________________________________

 

_______________________________________________________________________________

 

shares of the Preferred
Stock represented by this certificate, and irrevocably constitutes and appoints as Attorney to transfer such shares on the books
of the Corporation with full power of substitution.

 

	Dated:	 	 	 
	 	 	 	 
	Signature	 	 	 
	 	Signature must correspond with the name as written on the face of

                    this certificate in every particular, without any change whatsoever.
	 
	 	 		 
	Signature Guarantee	 	 

 

 

(Signature must be guaranteed by a participant
in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Corporation’s Transfer Agent.)

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