Side Letter Dated as of February 7, 2024

Exhibit 10.2

Side Letter

Dated as of February 7, 2024

Majestic World Holdings LLC

XXXXXXXXXX

Xxxxxxx X. Xxxxxxx

Email: xxxxxxx.xxxxxxx@xxxxx.xxx

Xxxxxxx X. Xxxxxxx

XXXXXXXXXX

Email: xxxxxxx.xxxxxxx@xxxxx.xxx

Safe and Green Development Corp.

000 Xxxxxxxx Xxxxxxxxx

Miami, FL 33132

Attention: Xxxxx Xxxxxxxxxx

Email: xxxxxxxxxxx@xxxxxxxxxxxxxxxxxxxx.xxx

Gentlemen:

Reference is made to that certain Membership Interest Purchase Agreement (the “Agreement”), executed as of February 7, 2024 (the “Closing Date”), by and among Safe and Green Development Corp., a Delaware corporation (the “Buyer”), the members listed on Exhibit A attached hereto (the “Members”) of Majestic World Holdings LLC, a Wyoming limited liability company (the “Company” and, collectively with the Members, the “Sellers,” and Xxxxxxx X. Xxxxxxx, an individual (the “Sellers Representative”). Capitalized terms not otherwise defined in this letter shall have the meanings assigned to them in the Agreement.

The Buyer, Company and Sellers Representative, on behalf of the Sellers, acknowledge and agree that, notwithstanding Section 2.2(i) of the Agreement, 100% of the Stock Consideration was intended to have been, and was, issued and delivered by Buyer to Sellers as of the Closing Date, all in accordance with Exhibit A to the Agreement, and no additional Stock Consideration shall be issued and delivered to Sellers hereafter.

[Signatures on the Following Page]

The foregoing is acknowledged, confirmed and agreed to:

	SAFE AND GREEN DEVELOPMENT CORP.
	By:	/s/ Xxxxx Xxxxxxxxxx
	Name:	Xxxxx Xxxxxxxxxx
	Title:	CEO
	MAJESTIC WORLD HOLDINGS LLC
	By:	/s/ Xxxxxxx X. Xxxxxxx
	Name:	Xxxxxxx X. Xxxxxxx
	Title:	Chief Executive Officer
	SELLERS
	By:	/s/ Xxxxxxx X. Xxxxxxx
	Name:	Xxxxxxx X. Xxxxxxx, as
	Sellers Representative