Document:

EX-10.6

 Exhibit 10.6 

FIRST AMENDMENT TO THE THREE-PARTY AGREEMENT (C-1) 

(Cottonwood Communities) 

This First Amendment (this “Amendment”) to the Three-Party Agreement among Cottonwood Communities Management, LLC, a Delaware
limited liability company (“CCM”), Cottonwood Communities, Inc., a Maryland Corporation (“CCI”) and Cottonwood Communities O.P., LP, a Delaware limited partnership (“CCI OP”) dated August 13, 2018 (the “CCI
Three-Party Agreement”) is adopted by CCM, CCI and CCI OP (collectively, the “Parties”). This Amendment is effective as of March 1, 2019 (the “Effective Date”). 

WHEREAS, the Parties have determined it to be in their best interest to amend the CCI Three-Party Agreement into two separate three-party
agreements: (i) the CCI Three-Party Agreement (with the exception of the property management services provisions) that is amended as described herein and which CCM will assign to Cottonwood Capital Management, Inc., a Delaware corporation
(“CCMI”) and (ii) a three-party agreement (property management) for CCM to retain the property management services. 
 NOW,
THEREFORE, in consideration of the preceding, the Parties hereby agree as follows: 
 1. Section 2 of the CCI Three-Party Agreement shall be
deleted in its entirety and replaced with the following: 
  

	 	“2.	 Advisory Agreement. The REIT, the Operating Partnership and Cottonwood Management will enter into an
Advisory Agreement, the form of which is attached hereto to as Exhibit A.” 

 2. Exhibit A of the CCI Three-Party
Agreement shall be deleted in its entirety and replaced with Exhibit A attached hereto. 
 3. CCM, CCI and CCI OP shall enter into a separate
three-party agreement (property management) as set forth on Exhibit B hereto. 
 4. As amended hereby, the CCI Three-Party Agreement shall
continue in full force and effect, including the funding obligations in Section 1. 
 5. The terms and provisions of this Amendment
shall be binding upon and shall inure to the benefit of the successors and assigns of the respective Parties. 
 6. This Amendment may be
executed in several counterparts, and all so executed shall constitute one Agreement, binding on all of the parties hereto, notwithstanding that all of the parties are not signatory to the original or the same counterpart. 

[Signatures on the following page.] 

 IN WITNESS WHEREOF, this Amendment is effective as of the Effective Date. 

 

					
	CCI:
	
	Cottonwood Communities, Inc., a Maryland corporation
		
	By:	 	/s/ Gregg Christensen
		 	Gregg Christensen
		 	Chief Legal Officer
	
	CCI OP:
	
	Cottonwood Communities O.P., LP, a Delaware limited partnership
		
	By:	 	Cottonwood Communities, Inc., a Maryland corporation, its general partner
			
		 	By:	 	/s/ Gregg Christensen
		 		 	Gregg Christensen
		 		 	Chief Legal Officer
	
	CCM:
	
	Cottonwood Communities Management, LLC, a Delaware limited liability company
		
	By:	 	Cottonwood Capital Management, Inc., a Maryland corporation, its sole member
			
		 	By:	 	/s/ Gregg Christensen
		 		 	Gregg Christensen
		 		 	Chief Legal Officer

 [Signature Page to Amendment to CCI Three-Party Agreement]EX-10.7

 Exhibit 10.7 

ASSIGNMENT OF ADVISORY SERVICES CONTRACTS (C-2) (C-3) (C-6) 
 (Cottonwood Communities) 

This ASSIGNMENT OF ADVISORY SERVICES CONTRACTS (the “Assignment”), effective as of March 1, 2019 (the “Effective
Date”) is made and entered into among Cottonwood Communities, Inc., a Maryland corporation (“CCI”), Cottonwood Communities Management, LLC, a Delaware limited liability company (“CCM”), Cottonwood Capital Management, Inc., a
Delaware corporation (“CCMI”), Cottonwood Communities Advisors, LLC, a Delaware limited liability company (the “Advisor”), CC Advisors III, LLC, a Delaware limited liability company (“CC Advisors III”), and, solely with
respect to the consent required under the applicable agreements, Orchard Securities, LLC, a Utah limited liability company (“Orchard”). 

WHEREAS, CCM is a party to that certain Advisory Agreement among CCM, CCI and Cottonwood Communities O.P., LP, a Delaware limited partnership
(“CCI OP”) dated August 13, 2018 (as amended, including the First Amendment to the Advisory Agreement among CCM, CCI and CCI OP dated as of the date hereof, the “Advisory Agreement”). 

WHEREAS, CCM is a party to that certain Three Party Agreement among CCM, CCI and CCI OP dated August 13, 2018 (as amended, including the
First Amendment to the Three-Party Agreement among CCM, CCI and CCI OP dated as of the date hereof, the “Three-Party Agreement”, and together with the Advisory Agreement, the “Advisory Services Contracts”). 

WHEREAS, CCM is a party to that certain Dealer Manager Agreement among CCM, CCI and Orchard dated August 13, 2018 (as amended, including
the First Amendment to Dealer Manager Agreement among CCM, CCI and Orchard dated as of the date hereof, the “Dealer Manager Agreement”). 

NOW, THEREFORE, in consideration of the mutual agreements set forth herein and for other valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as set forth below. 
 1. CCM hereby assigns and transfers all of CCM’s rights,
obligations and interests in the Advisory Services Contracts and the Dealer Manager Agreement to CCMI. CCMI hereby assumes all of CCM’s rights, obligations and interests in the Advisory Services Contracts and the Dealer Manager Agreement. 

2. CCMI hereby contributes and transfers all of CCMI’s rights, obligations and interests in the Advisory Services Contracts and the Dealer
Manager Agreement to the Advisor. The Advisor hereby assumes all of CCMI’s rights, obligations and interests in the Advisory Services Contracts and the Dealer Manager Agreement. 

3. The Advisor hereby contributes and transfers all of the Advisor’s rights, obligations and interests in the Advisory Services Contracts
and the Dealer Manager Agreement to CC Advisors III. CC Advisors III hereby assumes all of the Advisor’s rights, obligations and interests in the Advisory Services Contracts and the Dealer Manager Agreement. 

4. CCM, CCMI, the Advisor and CC Advisors III each separately represents and warrants that it is a duly formed and validly existing entity in
good standing under the laws of the jurisdiction of its formation and it has the full right, power, and authority to enter into and perform the obligations of this Assignment. 

 5. CCM, CCMI, the Advisor and CC Advisors III each separately represents and warrants that
the execution, delivery and performance of this Assignment will not conflict with or, with or without notice or the passage of time or both, result in a breach or default under any agreement to which it is a party or by which it is bound (including
its organizational documents) or any applicable law, rule, regulation, ordinance, or code or any judgment, order, or decree of any court with jurisdiction. 

6. CCM, CCMI and the Advisor each separately represents and warrants that the Advisory Services Contracts and the Dealer Manager Agreement are
in full force and effect, have not been terminated, previously transferred, assigned or encumbered and there are no defaults existing. 
 7.
CCM, CCMI, the Advisor and CC Advisors III each separately represent and warrants that there is no litigation, arbitration, mediation, or other similar proceeding pending, or to its knowledge threatened, that affects or will affect the Advisory
Services Contracts, the Dealer Manager Agreement, or its ability to enter into this Assignment. 
 8. This Assignment may be executed in
counterparts, each of which, when taken together, shall be deemed one fully executed original. 
 9. This Assignment shall be construed and
enforced in accordance with the internal laws of the State of Utah without regard to conflict of law principles. 
 10. All provisions of
this Assignment shall inure to the benefit of and shall be binding upon the successors-in-interest, assigns, and representatives of the parties hereto. 

[Signatures on Following Pages] 

 IN WITNESS WHEREOF, this Assignment has been executed effective as of the Effective Date.

  

									
	CCM:	  	CCMI:
		
	 Cottonwood Communities Management, LLC, a

Delaware limited liability company
	  	 Cottonwood Capital Management, Inc., a Delaware

corporation

				
	By:	  	 Cottonwood Capital Management, Inc., a

Delaware corporation, its sole member
	  	By:	  	 /s/ Gregg Christensen

		  		  		  	 Gregg Christensen
 Chief Legal
Officer

				
		  	By:	  	 /s/ Gregg Christensen
	  	
		  		  	Gregg Christensen	  	
		  		  	Chief Legal Officer	  	

  

															
	ADVISOR:	  		  	CC ADVISORS III:
			
	Cottonwood Communities Advisors, LLC, a Delaware limited liability company	  	                	  	CC Advisors III, LLC, a Delaware limited liability company
					
	By:	  	Cottonwood Capital Management, Inc., a Delaware corporation, its manager	  		  	By:	  	Cottonwood Communities Advisors, LLC, a Delaware limited liability company, its sole member
							
		  	By:	  	 /s/ Gregg Christensen

Gregg Christensen
 Chief Legal Officer
	  		  		  	By:	  	Cottonwood Capital Management, Inc., a Delaware corporation, its manager
								
		  		  		  		  		  		  	By:	  	 /s/ Gregg Christensen

		  		  		  		  		  		  		  	Gregg Christensen
		  		  		  		  		  		  		  	Chief Legal Officer

  

			
	CCI:
	
	 Cottonwood Communities, Inc., a Maryland

corporation

		
	By:	 	 /s/ Gregg Christensen

		 	Gregg Christensen
		 	Chief Legal Officer

 [Signature Page to Assignment of Advisory Services (CCI)] 

 CONSENTS: 

Pursuant to Section 14 of the Advisory Agreement, CCI hereby consents to the Assignment. 

 

			
	CCI:
	
	 Cottonwood Communities, Inc., a Maryland

corporation

		
	By:	 	 /s/ Gregg Christensen

		 	Gregg Christensen
		 	Chief Legal Officer

 Pursuant to Section 26 of the Dealer Manager Agreement, Orchard hereby consents to the Assignment. 

 

			
	ORCHARD:
	
	Orchard Securities, LLC a Utah limited liability company
		
	By:	 	 /s/ Kevin Bradburn

 [Signature Page to Assignment of Advisory Services (CCI)]

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