Document:

Exhibit 10.2

 

 

FIRST AMENDMENT TO

REAL ESTATE PURCHASE AND SALE AGREEMENT

 

 

THIS FIRST AMENDMENT
TO REAL ESTATE PURCHASE AND SALE AGREEMENT (this "First Amendment") is made as of August 14, 2012, by and between
WRI CAPITAL GROUP II LLC, a Georgia limited liability company (“Seller”), and REVEN ACQUISITIONS,
LLC, a Delaware limited liability company (“Buyer”) with reference to the following recitals:

 

RECITALS

 

A.Seller and Buyer
entered into that certain Real Estate Purchase and Sale Agreement, dated as of July 30, 2012 ("Purchase Agreement"),
pursuant to which Seller agreed to sell and Buyer agreed to purchase from Seller, that certain real property consisting of ten
(10) single family homes, in the City of Atlanta, Georgia, and which is more particularly defined in the Purchase Agreement as
the “Property,” all upon the terms and subject to the conditions contained in the Purchase Agreement.

 

B.Seller and Buyer have agreed to amend the Purchase
Agreement as set forth in this First Amendment.

 

AGREEMENT

 

NOW, THEREFORE, in
reliance on the foregoing recitals, and in consideration of the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, Seller and Buyer hereby agree as follows:

 

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

 

2.                 
Excluded Properties. Buyer and Seller agree that the property located at 9182 Jefferson Village Drive, Covington,
Georgia is an “Excluded Property” (as that term is defined in Section 5(c) of the Purchase Agreement).

 

3.                 
Purchase Price. The Basic Terms set forth in the Purchase Agreement are hereby amended to provide that the Purchase
Price is reduced by the amount allocated to the Excluded Property. The amended Purchase Price is Six Hundred Twenty-Nine Thousand
Seven-Hundred Sixty-Three and 61/100 Dollars ($629,736.39).

 

4.                 
Replacement of Exhibit A. Buyer and Seller acknowledge and agree that Exhibit A to the Purchase Agreement
is deleted and replaced with Exhibit A, attached to this First Amendment.

 

5.                 
Counterparts. This First Amendment may be executed in counterparts, each of which shall be an original and when all
counterparts are taken together they will constitute one and the same agreement.

 

6.                 
Electronic Signatures. Seller and Buyer may deliver their respective signatures to this First Amendment by facsimile,
e-mail, or other electronic transmission. A party that receives an executed signature page from the other party by electronic transmission
may rely upon that signature page as if it was a signed original.

 

    	 

    	 

    
 

IN WITNESS WHEREOF,
each party hereto has caused this First Amendment to be duly executed on its behalf as of the day and year stated above.

 

 

 

	SELLER:	
        WRI CAPITAL
        GROUP II LLC,

        a Georgia
        limited liability company

         

         

         

         

        By: /s/ Lance
        Popp                                       

        Name:  Lance Popp

        Its:       Manager

         

         

         

         

	BUYER:	
        REVEN ACQUISITIONS, LLC,

        a Delaware limited liability company

         

         

         

        By:  /s/  Chad
        Carpenter                              

        Name: Chad Carpenter

        Its: Chief Executive Officer

         

         

 

 

    	2

    	 

    

 

EXHIBIT
A

 

DESCRIPTION
OF PROPERTies

 

	No.	 	 	Address	 	 	Zip Code	 	 	 	Price	 
	1	 	 	1740 Camden Forrest Trail Riverdale, Georgia	 	 	30296	 	 	$	69,749.28	 
	2	 	 	11352 Michelle Way Hampton, Georgia	 	 	30228	 	 	$	67,756.45	 
	3	 	 	7220 Little Fawn Parkway Palmetto, Georgia	 	 	30268	 	 	$	67,756.45	 
	4	 	 	205 Highgate Trail, Covington, Georgia	 	 	30016	 	 	$	69,749.28	 
	5	 	 	5242 Station Circle, Norcross GA	 	 	30238	 	 	$	71,742.12	 
	6	 	 	615 Cowan Road Covington, Georgia	 	 	30016	 	 	$	73,734.96	 
	7	 	 	110 Bear Run Ct Palmetto, GA	 	 	30268	 	 	$	67,756.45	 
	8	 	 	924 Lake Terrace Drive, Stone Mountain, Georgia	 	 	30088	 	 	$	69,749.28	 
	9	 	 	4860 Lost Colony Stone Mountain, GA	 	 	30088	 	 	$	71,742.12	 
	 	 	 	 	 	 	 	 	 		$629,736.39	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

 

    	3Exhibit 10.3

 

 

 

SECOND AMENDMENT TO

REAL ESTATE PURCHASE AND SALE AGREEMENT

 

THIS SECOND AMENDMENT
TO REAL ESTATE PURCHASE AND SALE AGREEMENT (this "Second Amendment") is made as of October 16, 2012, by and between
WRI CAPITAL GROUP II LLC, a Georgia limited liability company (“Seller”), and REVEN ACQUISITIONS,
LLC, a Delaware limited liability company (“Buyer”) with reference to the following recitals:

 

RECITALS

 

A.Seller and Buyer
entered into that certain Single Family Homes Real Estate Purchase and Sale Agreement, dated as of July 30, 2012, and that certain
First Amendment to Real Estate Purchase and Sale Agreement dated as of August 14, 2012 (collectively, the "Purchase Agreement"),
pursuant to which Seller agreed to sell and Buyer agreed to purchase from Seller, that certain real property consisting of nine (9)
single family homes, in the City of Atlanta, Georgia, and which is more particularly defined in the Purchase Agreement as the “Property,”
all upon the terms and subject to the conditions contained in the Purchase Agreement.

 

B.Seller and Buyer have agreed to amend the Purchase
Agreement as set forth in this Second Amendment.

 

AGREEMENT

 

NOW, THEREFORE, in
reliance on the foregoing recitals, and in consideration of the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, Seller and Buyer hereby agree as follows:

 

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

 

2.                 
Initial Closing. Buyer and Seller agree that the Closing will occur in stages. Buyer shall acquire the following
five  (5) homes which comprise a portion of the Property under the Purchase Agreement (collectively, the “Initial
Five Homes”) upon three (3) days prior notice to Seller, at the prices set forth in this Section 2.
The remaining four (4) individual homes which comprise the Property (the “Remaining Homes”) shall remain
subject to the terms of the Purchase Agreement.

 

	Address	Purchase Price
	1. 7220 Little Fawn Parkway Palmetto, Georgia	$64,369
	2. 5242 Station Circle, Norcross, Georgia	$68,155
	3. 615 Cowan Road Covington, Georgia	$70,048
	4. 110 Bear Run Ct Palmetto, Georgia	$64,369
	5. 4860 Lost Colony Stone Mountain, Georgia	$68,155

 

 

    	 

    	 

    
 

 

3.                 
Repairs to the Initial Five Homes. Seller shall perform the repair work for each of the Initial Five Homes listed
below (the “Repair Work”) in a good and workmanlike manner within thirty days following the date of closing
with respect to each particular home. Seller shall deliver a notice to Buyer immediately upon completion of the Repair Work with
respect to each of the Initial Five Homes, certifying that the Repair Work with respect to such home was completed properly. In
the event the Repair Work for any of the Initial Five Homes is not timely completed to the reasonable satisfaction of Buyer, Buyer
shall receive a credit against the Purchase Price of the Remaining Homes in an amount equal to the cost of performing the work
at current market rates.

 

	Address	Repair Work
	1. 7220 Little Fawn Parkway Palmetto, Georgia	Repair front columns, repair small leak, fix rear deadbolt, front door latch/frame.
	2. 5242 Station Circle, Norcross, Georgia	Install disconnect for shed, properly secure band board at deck, laterally secure deck, reconnect air duct at furnace, properly terminate loose wiring under sink, ensure power the second floor right bedroom is in fully functioning condition, ensure air intake in mechanical room is adequately sized, install GFCI outlets in kitchen and master bathroom, bolt shut the sliding glass door on the second level. 
	3. 615 Cowan Road Covington, Georgia	Clean up debris in yard, trim the tree where the electrical wires run through, secure gas lines in attic.
	4. 110 Bear Run Ct Palmetto, Georgia	Plant ground cover in all areas experiencing erosion, secure front porch posts, replace damaged fascia boards, ensure the vent fan in the attic is in good working order, install missing downspouts, support chimney, install missing junction box covers, repair GFCI in the hall bathroom, cut trees at electrical entrance wires.
	5. 4860 Lost Colony Stone Mountain, Georgia	Fix loose balusters and install lateral bracing, eliminate mold in mechanical closet, ensure that the water heater is in good working order.

 

 4.                 
Deposit. Buyer has previously deposited into Escrow the Deposit in the amount of Twenty Thousand and 00/100 Dollars ($20,000.00).
Buyer shall receive a credit against the Purchase Price of the Initial Five Homes in the amount equal to the Deposit.

 

5.                 
Counterparts. This Second Amendment may be executed in counterparts, each of which shall be an original and when
all counterparts are taken together they will constitute one and the same agreement.

 

 

    	2

    	 

    

 

6.                 
Electronic Signatures. Seller and Buyer may deliver their respective signatures to this Second Amendment by facsimile,
e-mail, or other electronic transmission. A party that receives an executed signature page from the other party by electronic transmission
may rely upon that signature page as if it was a signed original.

 

IN WITNESS WHEREOF,
each party hereto has caused this Second Amendment to be duly executed on its behalf as of the day and year stated above.

 

 

 

	SELLER:	
        WRI CAPITAL
        GROUP II LLC,

        a Georgia
        limited liability company

         

          

         

        By:   /s/
        Lance Popp                                            

        Name:
   Lance Popp        

        Its:         Manager

         

         

         

         

	BUYER:	
        REVEN ACQUISITIONS, LLC,

        a Delaware limited liability company

         

         

         

        By:  /s/ Chad
        Carpenter                                      

        Name: Chad Carpenter

        Its: Chief Executive Officer

         

         

 

 

 

 

    	3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]