Exhibit 10.24

AMENDMENT NO. 1 TO LOAN AGREEMENT

This Amendment No. 1 (this “Amendment No. 1”) to Loan Agreement is made and entered into effective as of August 25, 2023, by and between Safe and Green Development Corporation (the “Company”) and BCV S&G DevCorp (“BCV S&G”). Capitalized terms used but not defined herein shall have the respective meanings assigned to such terms in the BCV Loan Agreement (as defined below).

WHEREAS, the Company and BCV S&G are parties to that certain Loan Agreement, dated as of June 16, 2023 (the “BCV Loan Agreement”).

WHEREAS, the parties desire to amend the BCV Loan Agreement on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in accordance with the terms of the BCV Loan Agreement, the parties hereto, intending to be legally bound, do hereby agree as follows:

“The Borrower intends to list on the Nasdaq stock exchange before the 15th of September 2023 under the ticker SGD.”

“The Parties agree that if the Borrower is not able to be listed on the Nasdaq stock exchange before the 15^th of September 2023 under the ticker SGD, the Loan will be secured by a security interest in the 29.66 acres of underlying land and entitlements of a proposed manufacturing facility, located along Douglas Drive, in Saint Marys, GA 31558 ( United States of America), whose the features are described in annex 2 of the Agreement, (“Saint Marys Property”), ( the “Alternative Collateral”).”

[Signature Pages Follow]

Executed as of the date written on the cover page to this Amendment No. 1.

Bridgeline Capital Ventures on behalf of its Compartment BCV S&G DevCorp

Represented by Bridgeline Capital Partners in its capacity of Management Company

[Signature Page to Amendment No. 1 to Loan Agreement]