Document:

Exhibit 10.12

 

FIRST AMENDMENT TO PURCHASE

 

AND SALE AGREEMENT

 

THIS FIRST AMENDMENT TO PURCHASE
AND SALE AGREEMENT (this “First Amendment”) is made and entered into as of the __9_ day of December, 2021, by
and between ALTERRI PROPERTIES, LLC, a North Carolina limited liability company (“Seller”) and MHP PURSUITS
LLC, a North Carolina limited liability company (“Buyer”).

 

WHEREAS, Seller and Buyer
entered into that certain Purchase Agreement dated October 22, 2021 (the “Original Agreement”) pursuant to which Seller
agreed to sell to Buyer and Buyer agreed to purchase from Seller that certain real property and improvements identified in the Original
Agreement; and

 

WHEREAS, the parties desire
to amend the Original Agreement as set forth herein.

 

NOW, THEREFORE, for and in
consideration of mutual covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Buyer and Seller hereby agree to amend the Original Agreement, as follows:

 

		1.	Repairs. Notwithstanding anything in the Original Agreement to the contrary, the parties
acknowledge and agree that Seller would complete the following repairs, before the Closing Date, in the respective Mobile Home Parks:

 

		a.	Scenic Oaks

 

Lot 1- Repair
front porch, Repair hole in back wall

Lot 6- Repair
hole in floor close to back door and entrance to 2 bedroom

Lot 9- Repair
back stairs, Repair small leak under kitchen sink

Lot 11- Repair
toilet

Lot 13- Repair
hole in second bedroom by vent

Lot 14- Repair
water leak in bathroom

Lot 15- Replace
front porch

Lot 18- Repair
stairs, repair holes in floor, repair holes in ceiling

Lot 20- Repair
flooring in master bathroom, repair hole in wall leading to second bath

Lot 27- Repair
holes in wall

Lot 30- Repair
minor leak by vent near second bath, Repair electric outlet, Repair leak under sink, Repair hole near front door

 

		b.	West 49

 

Lot 1- Repair
in middle bedroom near doorway

Lot 25- Repair
vent in bathroom

Lot 31- Repair
kitchen sink leak

Lot 35- Repair
back entrance door, Repair bathroom leak, Repair caulking bathtubs and sinks

Lot 50- Repair
second bedroom leak

 

(individually and collectively,
the “Seller Repairs”)

 

Notwithstanding the
foregoing, as of the date hereof, Buyer acknowledges and agrees that all of the Seller Repairs have been completed to its satisfaction.

 

First Amendment to Purchase and Sale Agreement

Alterri Properties Asheboro, NC

 

     

     

    

 

		2.	Credit to Buyer. Notwithstanding anything in the Original Agreement to the contrary (including
but not limited to Section 10 of the Original Agreement), the parties acknowledge and agree that Seller will provide a credit to Buyer
for the following quotes (individually and collectively, the “Quotes”):

 

		a.	West 49

 

Lot 11- Get
a quote for floor in kitchen and main entrance, Repair holes in wall- this will be in the form of a Seller credit at closing

Lot 23- Get
a quote to repair kitchen flooring- this will be in the form of a Seller credit at closing

 

The parties acknowledge
and agree that the Quotes for the above-named issues are Two Thousand Five Hundred Dollars and NO/100 ($2,500.00) per lot. Therefore,
at Closing, Seller shall provide Buyer a credit in the amount of Five Thousand Dollars ($5,000.00) towards the Purchase Price.

 

		3.	Capitalized Terms. Any capitalized terms that are used but not defined in this First Amendment
will have the meaning ascribed to such term in the Original Agreement.

 

		4.	One Agreement and Remaining Terms. The Original Agreement, as amended by this First Amendment,
will constitute one agreement between Seller and Buyer. Except as specifically changed in this First Amendment, none of the terms or conditions
of the Original Agreement are altered or impaired in any manner and all the terms of the Original Agreement as amended by this First Amendment
shall remain in full force and effect. Each of Buyer and Seller hereby represent and acknowledge that the Original Agreement shall remain
in full force and effect, as modified by this First Amendment, and that to the best of each party’s respective actual knowledge, the other
party is not in default or breach.

 

		5.	Counterparts. This First Amendment may be executed and delivered (including by facsimile,
DocuSign or Portable Document Format (.pdf) transmission) in any number of counterparts with the same effect as if all signatories had
signed the same document. Facsimile and other electronic copies of manually signed originals shall have the same effect as manually-signed
originals and shall be binding on the undersigned parties. Each counterpart shall be deemed an original, but all counterparts must be
construed together to constitute one and the same instrument.

 

First Amendment to Purchase and Sale Agreement

Alterri Properties Asheboro, NC

 

    2

     

    

 

IN WITNESS WHEREOF, Buyer
and Seller have caused this First Amendment to be duly executed as of the day and year first above written.

 

	 	SELLER:
	 	 
	 	ALTERRI PROPERTIES, LLC,
	 	a North Carolina limited liability company
	 	 	 
	 	By:	/s/ John Aultman
	 	Name: 	John Aultman
	 	Title:	Authorized Signatory
	 	 	 
	 	BUYER:
	 	 
	 	MHP PURSUITS LLC,
	 	a North Carolina limited liability company
	 	 	 
	 	By:	/s/ Adam Martin
	 	Name:	Adam Martin
	 	Title:	CIO

 

First Amendment to Purchase and Sale Agreement

Alterri Properties Asheboro, NC

 

 

3Exhibit 10.13

 

FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT

 

This FIRST AMENDMENT TO
PURCHASE AND SALE AGREEMENT (this “Amendment”) is made as of December 20_, 2021, by and between ALTERRI PROPERTIES,
LLC, a North Carolina limited liability company (“Seller”), and MHP PURSUITS LLC, a North Carolina limited liability
company (“Purchaser”), and provides as follows:

 

RECITALS

 

A. Seller
and Purchaser have entered into that certain Purchase and Sale Agreement effective as of October 22, 2021 (the “Purchase Agreement”),
pursuant to which Seller agreed to sell to Purchaser certain real and personal property as more particularly described in the Purchase
Agreement.

 

B. The
parties hereto desire to amend the terms of the Purchase Agreement to extend the Closing Date, and to that end have entered into this
Amendment.

 

AMENDMENT

 

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

 

1. Capitalized
Terms. Capitalized terms used herein, unless otherwise defined in this Amendment, shall have the same meanings as those
given in the Purchase Agreement.

 

2. Closing
Date. The Closing Date set forth in Section 1.G. of the Purchase Agreement is hereby extended until December 28, 2021.

 

3. Effect
of Amendment; Ratification. The parties hereby acknowledge and agree that, except as provided in this Amendment, the Purchase
Agreement has not been modified, amended, canceled, terminated, released, superseded or otherwise rendered of no force or effect. The
Purchase Agreement as hereby amended is hereby ratified and confirmed by the parties hereto and every provision, covenant, condition,
obligation, right, term and power contained in and under the Purchase Agreement, as amended herein, shall continue in full force and effect,
affected by this Amendment only to the extent of the amendments and modifications set forth above, and each shall continue to be binding
upon and inure to the benefit of the successors and assigns of each party hereto. In the event of a conflict between the terms of the
Purchase Agreement and this Amendment, this Amendment shall control.

 

4. Governing
Law; Counterparts. This Amendment shall be governed by, and construed in accordance with, the laws of the State of North Carolina,
without giving effect to any conflict or choice of law provision that would result in the imposition of another state’s law. This
Amendment may be executed in any number of counterparts, each of which shall be an original and all of which, when taken together, shall
constitute one agreement. Signatures transmitted via facsimile or electronic mail shall be deemed originals.

 

REMAINDER OF PAGE LEFT INTENTIONALLY BLANK

SIGNATURE PAGE TO FOLLOW

 

     

     

    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO purchase
AND SALE AGREEMENT

 

IN WITNESS WHEREOF,
the parties have executed this Frist Amendment to Purchase and Sale Agreement pursuant to due authority as of the date first above written.

 

	 	PURCHASER:
	 	 
	 	MHP PURSUITS LLC,
	 	a North Carolina limited liability company
	 	 	 
	 	By:	/s/ Adam Martin
	 	Name: 	Adam Martin
	 	Title:	CIO
	 	 	 
	 	SELLER:
	 	 
	 	ALTERRI PROPETIES, LLC,
	 	a North Carolina limited liability company
	 	 	 
	 	By:	/s/ John Aultman
	 	Name:	John Aultman
	 	Title:	Authorized SigantoryExhibit
10.14

 

ASSIGNMENT
OF PURCHASE AND SALE AGREEMENT

 

THIS
ASSIGNMENT OF PURCHASE AND SALE AGREEMENT (this “Assignment”) dated December 22, 2021, is made by and among MHP PURSUITS
LLC, a North Carolina limited liability company (the “Assignor”), CAROLINAS 4 MHP LLC, a North Carolina limited
liability company, (the “Land Assignee”), and Gvest Carolinas 4 Homes
LLC, a Delaware limited liability company (the “Homes Assignee”), and provides as follows:

 

RECITALS

 

A. Pursuant
to that certain Purchase and Sale Agreement dated as of October 22, 2021, as amended (“Purchase Agreement”), by and between
Assignor and Alterri Properties, LLC, a North Carolina limited liability company (the “Seller”), Assignor agreed to purchase
from Seller certain real property and personal property owned by Seller and located in Asheboro, North Carolina, which property is more
particularly described in the Purchase Agreement, a copy of which is attached hereto as Exhibit A, and by this reference
made a part hereof.

 

B. Assignor
desires to assign to Land Assignee, and Land Assignee desires to assume from Assignor, all of Assignor’s rights and obligations
pursuant to the Purchase Agreement related to the Property, excluding the personal property consisting of the Homes (as defined below)
which shall be assumed by Homes Assignee.

 

C. Assignor
desires to assign to Homes Assignee, and Homes Assignee desires to assume from Assignor, all of Assignor’s rights and obligations
pursuant to the Purchase Agreement related to the Homes.

 

AGREEMENT

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged, Assignor, Land
Assignee, and Homes Assignee agree as follows:

 

1. Capitalized
Terms. Capitalized terms used herein, unless otherwise defined in this Assignment, shall have the same meanings as those given in
the Purchase Agreement.

 

2.
 Assignment. Assignor hereby transfers, assigns and conveys to Land Assignee all of Assignor’s
right, title and interest in, to and under the Purchase Agreement related to the Property, except to the extent related to the Homes,
and delegates to Land Assignee all of its duties and obligations and liabilities in, to and under the Purchase Agreement except to the
extent related to the Homes. Assignor hereby transfers, assigns and conveys to Homes Assignee all of Assignor’s right, title and interest
in, to and under the Purchase Agreement related to the manufactured homes owned by Seller and located at (i) West 49 Mobile Home Park,
3855 Mechanic Road, Asheboro, North Carolina 27205 and (ii) Scenic Oaks Mobile Home Park, 1802 Grantville Lane, Asheboro, North Carolina
27205, (the “Homes”) and delegates to Homes Assignee all of its duties and obligations and liabilities in, to and under the
Purchase Agreement related to the Homes.

 

3. Assumption
and Acceptance. Land Assignee and Homes Assignee each hereby accept their respective assignment as aforesaid, and assume and agree
to perform the duties, obligations and liabilities of Assignor under the Purchase Agreement as set forth therein to the extent assumed
by Land Assignee and Homes Assignee respectively pursuant to this Assignment.

 

4. Entire
Agreement. This Assignment embodies the entire agreement of Assignor, Land Assignee and Homes Assignee with respect to the subject
matter of this Assignment and it supersedes any prior agreements, whether written or oral, with respect to the subject matter of this
Assignment. This Assignment may be modified only by a written instrument duly executed by Assignor, Land Assignee and Homes Assignee.

 

5. Binding
Effect. The terms and provisions of this Assignment will inure to the benefit of, and will be binding upon, the heirs, executors,
personal representatives, successors and assigns of Assignor, Land Assignee and Homes Assignee.

 

REMAINDER
OF PAGE LEFT INTENTIONALLY BLANK

SIGNATURE
PAGE TO FOLLOW

 

     

     

    

 

SIGNATURE
PAGE TO ASSIGNMENT OF ASSET PURCHASE AGREEMENT

 

IN
WITNESS WHEREOF, and intending to be legally bound hereby, Assignor, Land Assignee and Homes Assignee have executed this Assignment
as of the day and year first above written.

 

	 	ASSIGNOR
	 	 	 	 
	 	MHP Pursuits LLC,
	 	a North Carolina limited liability company
	 	 
	 	By:	/s/ Adam Martin
	 	Name: 	Adam Martin
	 	Title:	CIO	 
	 	 	 	 
	 	LAND ASSIGNEE
	 	 	 	 
	 	CAROLINAS 4 MHP LLC,
	 	a North Carolina limited liability company
	 	 	 	 
	 	By:	Manufactured Housing Properties Inc.,
	 	 	a Nevada Corporation
	 	 	 	 
	 	 	By:	/s/ Michael Z. Anise
	 	 	Name: 	Michael Z. Anise 
	 	 	Title:	President
	 	 	 	 
	 	HOMES ASSIGNEE
	 	 	 	 
	 	GVEST CAROLINAS 4 HOMES LLC,
	 	a Delaware limited liability company
	 	 	 	 
	 	By:	/s/ Raymond M. Gee
	 	Name:	Raymond M. Gee
	 	Title:	Manager

 

    2

     

    

 

EXHIBIT
A

PURCHASE
AGREEMENT

 

[incorporated
separately as Exhibit 10.11]

 

 

 

 

 

 

 

 3

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