EXHIBIT 10.2

FIRST AMENDMENT TO LEASE DOCUMENTS

THIS FIRST AMENDMENT TO LEASE DOCUMENTS (“Amendment”) is made and effective this 14 day of June, 2017 (“Effective Date”), by and between 1847 NEESE INC., a Delaware corporation and NEESE, INC., an Iowa corporation (individually and collectively, "Lessee") and UTICA LEASECO, LLC, a Florida limited liability company (“Lessor”).

Recitals

A. Lessor and Lessee entered into a certain capital lease transaction (the “Transaction”) pursuant to that certain Master Lease Agreement dated on or about March 3, 2017, together with the Riders and Schedules executed in connection therewith, including, without limitation, the Equipment Schedule NEESE-0001 (“Schedule 1”) dated on or about March 3, 2017 (as, amended, collectively, the “Lease Agreement”) with respect to certain Equipment (as defined in the Lease Agreement) (the Lease Agreement, Schedule 1 and other documents executed in connection therewith are, collectively, the “Lease Documents”).

B. Lessee has requested and Lessor has agreed to, among other things, amend the payments due under the Lease Documents.

C. Lessor and Lessee now wish to amend the Lease Agreement upon the terms and conditions set forth herein.

Agreement

NOW, THEREFORE, in consideration of the mutual promises set forth herein, and other consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. Lessee has requested and Lessor has agreed to extend the Interim Term and Base Lease Commencement Date. Accordingly, Section 2 of Schedule 1 shall be amended and restated as follows:

TERM. Upon and after the date of execution hereof, the Equipment shall be subject to the terms and conditions provided herein and in the Lease.

A full term of lease with respect to said Equipment shall commence on the date hereof and shall extend for forty-eight (48) months after January 3, 2018 (the "Base Lease Commencement Date").

2. The payment schedule set forth in Section 3(b) of Schedule 1 shall be deleted and replaced with the following payment schedule.

1

Payment Date	Amount
4/3/2017	$	53,000.00
5/3/2017	$	53,000.00
6/3/2017	$	53,000.00
7/3/2017	$	53,000.00
8/3/2017	$	53,000.00
9/3/2017	$	53,000.00
10/3/2017	$	53,000.00
11/3/2017	$	53,000.00
12/3/2017	$	53,000.00
1/3/2018	$	53,000.00
2/3/2018	$	85,321.63
3/3/2018	$	85,321.63
4/3/2018	$	85,321.63
5/3/2018	$	85,321.63
6/3/2018	$	85,321.63
7/3/2018	$	85,321.63
8/3/2018	$	85,321.63
9/3/2018	$	85,321.63
10/3/2018	$	85,321.63
11/3/2018	$	85,321.63
12/3/2018	$	85,321.63
1/3/2019	$	85,321.63
2/3/2019	$	85,321.63
3/3/2019	$	85,321.63
4/3/2019	$	85,321.63
5/3/2019	$	85,321.63
6/3/2019	$	85,321.63
7/3/2019	$	85,321.63
8/3/2019	$	85,321.63
9/3/2019	$	85,321.63
10/3/2019	$	85,321.63
11/3/2019	$	85,321.63
12/3/2019	$	85,321.63
1/3/2020	$	85,321.63
2/3/2020	$	85,321.63
3/3/2020	$	85,321.63
4/3/2020	$	85,321.63
5/3/2020	$	85,321.63
6/3/2020	$	85,321.63
7/3/2020	$	85,321.63
8/3/2020	$	85,321.63
9/3/2020	$	85,321.63
10/3/2020	$	85,321.63
11/3/2020	$	85,321.63
12/3/2020	$	85,321.63
1/3/2021	$	85,321.63
2/3/2021	$	85,321.63
3/3/2021	$	85,321.63

2

4/3/2021	$	85,321.63
5/3/2021	$	85,321.63
6/3/2021	$	85,321.63
7/3/2021	$	85,321.63
8/3/2021	$	85,321.63
9/3/2021	$	85,321.63
10/3/2021	$	85,321.63
11/3/2021	$	85,321.63
12/3/2021	$	85,321.63

3.	Exhibit A to Schedule 1 shall be deleted and replaced in its entirety with Exhibit A attached hereto.
4.	Exhibit B to Schedule 1 shall be deleted and replaced in its entirety with Exhibit B attached hereto.
5.	Lessee shall pay to Lessor an amendment fee equal to Two Thousand Five Hundred and 00/100 ($2,500.00) Dollars, which shall be deemed fully earned by Lessor and be added to the principal balance due under the Lease.
6.	Capitalized terms not defined herein share the definition described to them in the Lease Documents. Except as modified herein, the Lease Documents shall remain in full force and effect.
7.	In the event of any conflict between the terms of this Amendment and the terms of the Lease Documents, the terms of this Amendment shall govern and control.
8.	This Amendment shall be governed by, and interpreted in accordance with, the laws of the State of Michigan, without regard to conflict of law principles. This Amendment may not be modified or amended, except in a writing signed by the parties.

signatures on following page

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[signature page to First Amendment to Lease Documents]

IN WITNESS WHEREOF, this Amendment is executed by the parties as of the Effective Date.

UTICA LEASECO, LLC Lessor
By:	/s/ James B. Junker
Name:	James B. Junker
Title:	Vice President

1847 NEESE INC.

Lessee

By:	/s/ Ellery W. Roberts
Name:	Ellery W. Roberts
Title:	CEO

NEESE, INC.

Lessee

By:	/s/ Ellery W. Roberts
Name:	Ellery W. Roberts
Title:	CEO

4

EXHIBIT A

Payment Date	Percentage
4/3/2017		110.0000	%
5/3/2017		110.0000	%
6/3/2017		110.0000	%
7/3/2017		100.0000	%
8/3/2017		100.0000	%
9/3/2017		100.0000	%
10/3/2017		100.0000	%
11/3/2017		100.0000	%
12/3/2017		100.0000	%
1/3/2018		100.0000	%
2/3/2018		98.3666	%
3/3/2018		96.7169	%
4/3/2018		95.0507	%
5/3/2018		93.3678	%
6/3/2018		91.6681	%
7/3/2018		89.9514	%
8/3/2018		88.2175	%
9/3/2018		86.4663	%
10/3/2018		84.6976	%
11/3/2018		82.9112	%
12/3/2018		81.1069	%
1/3/2019		79.2846	%
2/3/2019		77.4441	%
3/3/2019		75.5851	%
4/3/2019		73.7076	%
5/3/2019		71.8113	%
6/3/2019		69.8960	%
7/3/2019		67.9616	%
8/3/2019		66.0078	%
9/3/2019		64.0345	%
10/3/2019		62.0415	%
11/3/2019		60.0285	%
12/3/2019		57.9954	%
1/3/2020		55.9420	%
2/3/2020		53.8680	%
3/3/2020		51.7733	%
4/3/2020		49.6577	%
5/3/2020		47.5209	%
6/3/2020		45.3627	%
7/3/2020		43.1829	%
8/3/2020		40.9814	%
9/3/2020		38.7578	%
10/3/2020		36.5120	%
11/3/2020		34.2437	%
12/3/2020		31.9528	%
1/3/2021		29.6389	%
2/3/2021		27.3019	%
3/3/2021		24.9416	%
4/3/2021		22.5576	%
5/3/2021		20.1498	%
6/3/2021		17.7179	%
7/3/2021		15.2617	%
8/3/2021		12.7809	%
9/3/2021		10.2754	%
10/3/2021		7.7447	%
11/3/2021		5.1888	%
12/3/2021		2.6073	%

 

5

Exhibit B

Early Termination Payment

Date	Termination Value
4/3/2017		N/A
5/3/2017		N/A
6/3/2017		N/A
7/3/2017	$	3,499,200.00
8/3/2017		3,499,200.00
9/3/2017		3,499,200.00
10/3/2017		3,499,200.00
11/3/2017		3,499,200.00
12/3/2017		3,499,200.00
1/3/2018		3,499,200.00
2/3/2018		3,446,278.37
3/3/2018		3,392,827.53
4/3/2018		3,338,842.18
5/3/2018		3,284,316.97
6/3/2018		3,229,246.52
7/3/2018		3,141,225.36
8/3/2018		3,085,047.98
9/3/2018		3,028,308.84
10/3/2018		2,971,002.30
11/3/2018		2,913,122.69
12/3/2018		2,854,664.30
1/3/2019		2,795,621.31
2/3/2019		2,735,987.89
3/3/2019		2,675,758.14
4/3/2019		2,614,926.10
5/3/2019		2,553,485.73
6/3/2019		2,491,430.96
7/3/2019		2,396,355.65
8/3/2019		2,333,053.58
9/3/2019		2,269,118.49
10/3/2019		2,204,544.05
11/3/2019		2,139,323.86
12/3/2019		2,073,451.47
1/3/2020		2,006,920.36
2/3/2020		1,939,723.93
3/3/2020		1,871,855.54
4/3/2020		1,803,308.48
5/3/2020		1,734,075.93
6/3/2020		1,664,151.06
7/3/2020		1,561,126.95
8/3/2020		1,489,796.59
9/3/2020		1,417,752.93
10/3/2020		1,344,988.84
11/3/2020		1,271,497.10
12/3/2020		1,197,270.44
1/3/2021		1,122,301.52
2/3/2021		1,046,582.91
3/3/2021		970,107.11
4/3/2021		892,866.55
5/3/2021		814,853.60
6/3/2021		736,060.51
7/3/2021		656,479.49
8/3/2021		576,102.66
9/3/2021		494,922.06
10/3/2021		412,929.65
11/3/2021		330,117.33
12/3/2021		246,476.87

6