Document:

Exhibit 10.4

 

FIRST AMENDMENT TO MEMBERSHIP
INTEREST PURCHASE AGREEMENT

 

The Membership
Interest Purchase Agreement (“MIPA”), effective October 21, 2022, is hereby amended (“First Amendment”),
by and Randy Norris Bailey, a married man; Ron-Ran Enterprises LLC, a North Carolina limited liability company, collective referred to
as “Sellers” or “Seller”; and MHP PURSUITS LLC, a North Carolina limited liability company (“Buyer”),
and provides as follows:

 

RECITALS

 

A.
Seller and Buyer have entered into that certain MIPA effective on June 24, 2022 (“MIPA”), pursuant to which Sellers
agreed to sell to Buyer certain membership interests and personal property as more particularly described in the MIPA.

 

B. The
parties hereto desire to amend the terms of the MIPA 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 MIPA.

 

2.
Closing Date. The current closing date is October 31, 2022, and the parties hereby agree to extend the Closing Date
until no later than November 14, 2022.

 

3.
Effect of Amendment; Ratification. The parties hereby acknowledge and agree that, except as provided in this Amendment,
the MIPA has not been modified, amended, canceled, terminated, released, superseded or otherwise rendered of no force or effect. The MIPA
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 MIPA, 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 MIPA 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.

 

    1

     

    

 

REMAINDER OF PAGE LEFT INTENTIONALLY
BLANK SIGNATURE PAGE TO FOLLOW

 

SIGNATURE PAGE TO FIRST AMENDMENT
TO THE MIPA

 

IN WITNESS
WHEREOF, the parties have executed this First Amendment to the Membership Purchase Interest Agreement pursuant to due authority as
of the date first above written.

 

	SELLER:	 	 	 
	 	 	 	 
	RON-RAN ENTERPRISES 	 	 	 
	 	 	 	 
	/s/ Randy Bailey	 	10/25/22	 
	Manager	 	Date	 

 

Address:

[redacted]

 

Attn: Randy Bailey

 

SELLER:

 

	/s/ Randy Bailey	 	 
	Member	 	 
	 	 	 
	Date:	10/25/22	 	 	 

 

    2

     

    

 

	BUYER:	 	 	 
	 	 	 	 
	MHP PURSUITS LLC	 	 	 
	 	 	 	 
	By:	/s/ Adam Martin	 		 
	Title:	Chief
Investment Officer	 	Date:	10/24/22	 

 

Address:

136 Main Street

Pineville, NC 28134

 Attn: Adam Martin

 

 

3Exhibit 10.5

 

ASSIGNMENT OF MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

THIS ASSIGNMENT OF THE MEMBERSHIP INTEREST PURCHASE
AGREEMENT (this “Assignment”), dated October 27, 2022, is made by and among MHP PURSUITS LLC, a North Carolina
limited liability company (the “Buyer” or “Assignor”), and COUNTRY ROAD MHP LLC, a North Carolina limited
liability company (the “Assignee”), and provides as follows:

 

RECITALS

 

A.
Pursuant to that certain Membership Interest Purchase Agreement dated JUNE 24, 2022 (the “MIPA”), by and among Assignor
and RANDY NORRIS BAILEY and MICHELLEE. BAILEY, Husband and Wife, (the “Sellers”), Assignor agreed to purchase One
Hundred Percent (100%) of the Sellers’ Membership Interests in MACRAL Properties, LLC, a North Carolina limited liability company,
and as more particularly described in the MIPA, a copy of which is attached hereto as Exhibit A, and by this reference
made a part hereof.

 

B. Pursuant
to Section 11.5 of the MIPA, Assignor desires to assign to Assignee, and Assignee desires to assume from Assignor, as more
particularly described below, Assignor’s rights and obligations pursuant to the MIPA.

 

AGREEMENT

 

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

 

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

 

2. Assignment.
Assignor hereby transfers, assigns and conveys to Assignee all of Assignor’s right, title and interest in and to the MIPA,
including, but not limited to, the Earnest Money associated with the transaction, and delegates to Assignee all of its duties,
obligations, and liabilities pursuant to the MIPA.

 

3.
Assumption and Acceptance. Assignee hereby accepts the assignments as aforesaid, and assumes and agrees to perform the duties,
obligations and liabilities of Assignor under the MIPA as set forth therein assumed by Assignee pursuant to this Assignment.

 

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

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

[SIGNATURE PAGE TO FOLLOW]

 

    Page 1 of 3

     

    

 

SIGNATURE PAGE TO ASSIGN1\1ENT OF PURCHASE AND SALE
AGREE1\1ENT

 

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

 

	 	ASSIGNEE:
	 	 
	 	COUNTRY ROAD MHP LLC,
	 	a North Carolina limited liability company
	 	 	 
	 	By:	Manufactured Housing Properties Inc., 

a Nevada corporation

 

	 	 	By:	/s/ Jay Wardlaw III
	 	 	Name: 	Jay Wardlaw III
	 	 	Title:	President

 

    Page 2 of 3

     

    

 

EXHIBIT A

 

MEMBERSHIP INTEREST PURCHASE
AGREEMENT

 

[filed separately]

 

 

Page 3 of 3Exhibit 10.6

 

ASSIGNMENT OF MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

THIS ASSIGNMENT OF THE MEMBERSHIP INTEREST PURCHASE
AGREEMENT (this “Assignment”), dated October 27, 2022, is made by and among MHP PURSUITS LLC, a North Carolina
limited liability company (the “Buyer” or “Assignor”), and COOLEY’S MHP LLC, a North Carolina limited
liability company (the “Assignee”), and provides as follows:

 

RECITALS

 

A. Pursuant
to that certain Membership Interest Purchase Agreement dated JUNE 24, 2022 (the “MIPA”), by and among Assignor and RANDY
NORRIS BAILEY, a married man, (“Seller”), Assignor agreed to purchase One Hundred Percent (100%) of the Seller’s
Membership Interests in RON-RAN ENTERPRISES, LLC, a North Carolina limited liability company, and as more particularly described in
the MIPA, a copy of which is attached hereto as Exhibit A, and by this reference made a part hereof.

 

B. Pursuant
to Section 11.5 of the MIPA, Assignor desires to assign to Assignee, and Assignee desires to assume from Assignor, as more
particularly described below, Assignor’s rights and obligations pursuant to the MIPA.

 

AGREEMENT

 

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

 

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

 

2. Assignment.
Assignor hereby transfers, assigns and conveys to Assignee all of Assignor’s right, title and interest in and to the MIPA,
including, but not limited to, the Earnest Money associated with the transaction, and delegates to Assignee all of its duties,
obligations, and liabilities pursuant to the MIPA.

 

3. Assumption
and Acceptance. Assignee hereby accepts the assignments as aforesaid, and assumes and agrees to perform the duties, obligations
and liabilities of Assignor under the MIPA as set forth therein assumed by Assignee pursuant to this Assignment.

 

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

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

[SIGNATURE PAGE TO FOLLOW]

 

    Page 1 of 3

     

    

 

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

 

	 	ASSIGNEE:
	 	 
	 	

COOLEY’S MHP LLC,

	 	a North Carolina limited liability company
	 	 	 
	 	By:	Manufacture Housing Properties Inc., 

a Nevada corporation

 

	 	 	By:	/s/ Jay Wardlaw III
	 	 	Name: 	Jay Wardlaw III
	 	 	Title:  	President

 

    Page 2 of 3

     

    

 

EXHIBIT A

 

MEMBERSHIP INTEREST PURCHASE
AGREEMENT

 

[redacted]

 

 

Page 3 of 3

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