Document:

Exhibit 10.115

 

FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT

 

The Purchase and Sale agreement,
dated May 17, 2022, is hereby amended and made as of August 26, 2022 (“First Amendment”), by and between Statesville
Estates MHC, LLC, a North Carolina limited liability company; North Side MHC, LLC, a South Carolina limited liability company; and Timber
View LLC, a North Carolina limited liability company; (collectively “Seller” or “Sellers”); 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 May 17, 2022 (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 current Closing Date of September 1, 2022 August 8, 2022 is hereby extended until September 15, 2022.

 

3.  Earnest
Money. Purchaser shall deposit an additional $20,000.00 into escrow. This additional amount of money shall be non-refundable.

 

4. 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Agreement has not been modified, amended, canceled, terminated, released, superseded or otherwise rendered of no force or effect.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.

 

5. 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

 

    1

     

    

 

SIGNATURE PAGE TO FIRST AMENDMENT TO purchase
AND SALE AGREEMENT

 

IN WITNESS WHEREOF,
the parties have executed this First 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:
	 	 
	 	STATESVILLE ESTATES MHC, LLC,
	 	a North Carolina limited liability company
	 	 
	 	By:	/s/ Matt Johnson
	 	Title: 	Owner
	 	 
	 	SELLER:
	 	 
	 	NORTH SIDE MHC, LLC,
	 	a South Carolina limited liability company
	 	 
	 	By:	/s/ Matt Johnson
	 	Title: 	Owner
	 	 
	 	SELLER:
	 	 
	 	TIMBER VIEW, LLC,
	 	a North Carolina limited liability company
	 	 
	 	By:	/s/ Matt Johnson
	 	Title: 	Owner

 

 

2Exhibit 10.116

 

ASSIGNMENT OF PURCHASE AND SALE AGREEMENT

 

THIS ASSIGNMENT OF PURCHASE
AND SALE AGREEMENT (this “Assignment”) dated AUGUST 31, 2022, is made by and among MHP PURSUITS LLC, a North Carolina
limited liability company (the “Assignor”), [i] NORTHVIEW MHP LLC, a North Carolina limited liability company (“Assignee1”);
[ii] TIMBERVIEW MHP LLC, a North Carolina limited liability company )“Assignee2”), and [iii] STATESVILLE MHP LLC,
a North Carolina limited liability company (“Assignee3”), collectively referred to as Assignees, and provides as follows:

 

RECITALS

 

A.
Pursuant to that certain Purchase and Sale of Real Property dated as of on or about MAY 17, 2022 (the “PSA”), by and
among Assignor, and STATESVILLE ESTATES MHC, LLC, a North Carolina limited liability company, NORTH SIDE MHC, LLC, a South
Carolina limited liability company; and TIMBER VIEW, LLC, a North Carolina limited liability company (the “Sellers”
or “Seller”), Assignor agreed to purchase from Sellers certain Properties (as defined in the Purchase Agreement) from each
by Seller, to wit:

 

(1) +/- 20.33 acres located at 116 Yellowstone
Lane, Statesville, NC (“Property #1”);

 

(2) +/- 3.57 acres located at 388 Pleasant Grove
Church Rd., Thomasville, NC (“Property #2”), and

 

(3) +/- 49.99 acres located at 964 Loflin Hill
Rd., Trinity, NC (“Property #3).

 

Said Properties are more particularly described
in the Purchase and Sale Agreement (“PSA”), a copy of which is attached hereto as Exhibit A, and by this reference
made a part hereof.

 

B.
Pursuant to Section 15 of the PSA, Assignor desires to assign to Assignees, and Assignees desire to assume from Assignor,
as more particularly described below, Assignor’s rights and obligations pursuant to the Purchase Agreement relating to the Property
only.

 

AGREEMENT

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged, Assignor and 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 Assignees all of
Assignor’s right, title and interest as follows: Property #1 to Statesville MHP LLC; Property #2 only to Northview MHP LLC; and
Property #3 to Timberview MHP LLC, under the Purchase Agreement, including, but not limited to, the Earnest Money associated with the
Property, and delegates to Assignees all of its duties and obligations and liabilities as they relate to the Property identified in the
PSA and assigned to each Assignee herein.

 

    Page 1 of 4

     

    

 

3. Assumption
and Acceptance. Assignees hereby accept the assignments as aforesaid, and assume and agree to perform the duties, obligations
and liabilities of Assignor under the Purchase Agreement as set forth therein assumed by Assignees pursuant to this Assignment.

 

4. Entire
Agreement. This Assignment embodies the entire agreement of Assignor, and Assignees 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 and Assignees.

 

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 and Assignees.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

[SIGNATURE PAGE TO FOLLOW]

 

    Page 2 of 4

     

    

 

SIGNATURE PAGE TO ASSIGNMENT
OF PURCHASE AND SALE AGREEMENT

 

IN WITNESS WHEREOF,
and intending to be legally bound hereby, Assignor and 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
	 	Its:	CIO

 

ASSIGNEES:

 

	STATESVILLE MHP LLC,	 	NORTH SIDE MHP LLC,
	a North Carolina  limited liability company	 	a North Carolina limited liability company
	 	 	 
	By:	Manufactured Housing Properties Inc.,	 	By:	Manufactured Housing Properties Inc.,  
	 	a Nevada corporation	 	a Nevada corporation    
	 	 	 	 	 
	By:	/s/ Adam Martin	 	By:	/s/ Adam Martin
	Name:	Adam Martin	 	Name:	Adam Martin  
	Title:	CIO	 	Title:	CIO  
	 	 	 	 	 
	 	 	 	 	 
	TIMBERVIEW MHP LLC,	 	 	 
	a North Carolina  limited liability company	 	 	 
	 	 	 	 
	By:	Manufactured Housing Properties Inc.,	 	 	 
	a Nevada corporation	 	 	 
	 	 	 	 	 
	By:	/s/ Adam Martin	 	 	 
	Name:	Adam Martin	 	 	 
	Title:	CIO	 	 	 

 

    Page 3 of 4

     

    

 

EXHIBIT A 

 

PURCHASE AND SALE AGREEMENT

 

[attached as separate exhibit] 

 

 

Page 4  of 4Exhibit 10.117

 

AGREEMENT WITH RESPECT TO HOME
AND HOMESITE RENTS

(Project Commonly Known as “Statesville
MHP”)

 

This Agreement with Respect to Home and
Homesite Rents (this “Agreement”) is dated and effective as of September 14, 2022 by and between STATESVILLE MHP LLC, a North
Carolina limited liability company (“Land Owner”), and MHP HOME HOLDINGS LLC, a North Carolina limited liability company (“Homes
Owner”).

 

WITNESETH

 

WHEREAS, Land Owner is the owner of the
property known as “Statesville MHP” located at 116 Yellowstone Lane, Statesville, North Carolina 27370 (the “Property”)
and the pad sites located thereon (the “Pad Sites”) only and does not have any ownership interest in the homes located on
the Pad Sites (the “Homes”); and

 

WHEREAS, Homes Owner is the owner of
the Homes only and does not have any ownership interest in the Property or the Pad Sites.

 

NOW THEREFORE, in consideration of the
terms, conditions and covenants contained herein and other good and valuable consideration, the adequacy and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

 

		1.	Land Owner and Homes Owner are separate and distinct entities.
Land Owner shall have no liability whatsoever with respect to the Homes, and Homes Owner shall have no liability whatsoever with respect
to the Property and the Pad Sites.

 

		2.	All payments made by tenants/residents to Land Owner with respect to the Homes are being paid to Land Owner only as a collection agent
for Homes Owner and in no event shall Land Owner have any liability to tenants/residents with respect to payments made by tenants/residents
to Land Owner with respect to the Homes.

 

		3.	If Land Owner receives a combined rental payment from a tenant/resident for the rental of a Pad Site and Home, Land Owner will remit
the portion of the rental payment allocated to the Home to Homes Owner on a monthly basis.

 

		4.	Any joint rental payment received by Land Owner will be allocated between the Pad Site and the Home as shown on the rent roll. In
no event may the portion of the rental payment due to Land Owner or Homes Owner, as applicable, be used to satisfy the obligations of
the other party. In no event shall the portion of the rental payment allocated to the Pad Sites be less than $450.00 per Pad Site.

 

		5.	The parties hereto agree that if a joint rental payment is not sufficient to pay both the rent for the Pad Site and the Home due at
such time, then the Pad Site rent will be paid first (i.e., the rent for the Pad Site will be paid to Land Owner in full prior to any
payment of the rent for the Home).

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement under seal as of the date first written above:

 

	LANDOWNER:	 	HOMES OWNER:
	 	 	 
	STATESVILLE MHP LLC,	 	MHP HOME HOLDINGS LLC,
	a Delaware limited liability company	 	a North Carolina limited liability company
	 	 	 
	By:	Manufactured Housing Properties, Inc., a Nevada Corporation, its sole member and manager	 	By:	Manufactured Housing Properties Inc. a Nevada corporation, its Manager
	 	 	 	 	 
		 	

 

[Signature Page to Agreement with Respect
to Home and Homesite Rents]

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