COMMON STOCK PURCHASE WARRANT GENERATION INCOME PROPERTIES, INC.Generation Income Properties, Inc. • July 27th, 2021 • Real estate investment trusts • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _______________________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Detachment Date (defined below) and on or prior to 5:00 p.m. (New York City time) on [_____], 20261 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Generation Income Properties, Inc., a Maryland corporation (the “Company”), up to [___] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security held in book-entry form and the Depository Trust Company or its nominee (“DTC”) shall initially be the sole registered holder of this Warrant, subject to
INDEMNIFICATION AGREEMENT (Director)Indemnification Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Maryland
THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of the day of , , by and between Generation Income Properties, Inc., a Maryland corporation (the “Company”), and (“Indemnitee”).
GENERATION INCOME PROPERTIES, INC. and VSTOCK TRANSFER, LLC, as Warrant Agent Warrant Agency Agreement Dated as of September 2, 2021Warrant Agency Agreement • September 9th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • New York
WARRANT AGENCY AGREEMENT, dated as of September 2, 2021 (“Agreement”), between Generation Income Properties, Inc., a Maryland corporation (the “Company”), and VStock Transfer, LLC, a limited liability company organized under the laws of California (the “Warrant Agent”).
Representative’s Warrant AgreementGeneration Income Properties, Inc. • October 1st, 2021 • Real estate investment trusts
THIS WARRANT TO PURCHASE COMMON STOCK (the “Warrant”) certifies that, for value received, Maxim Partners LLC, or its assigns (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after March 1, 2022 (the “Initial Exercise Date”) and, in accordance with FINRA Rule 5110(g)(8)(A), prior to at 5:00 p.m. (New York time) on the date that is five (5) years following the Effective Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from GENERATION INCOME PROPERTIES, INC., a Maryland corporation (the “Company”), up to 14,850 shares of common stock, par value $0.01 per share (“Common Stock”), of the Company, as subject to adjustment hereunder (the “Warrant Shares”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
1,500,000 UNITS EACH UNIT CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK GENERATION INCOME PROPERTIES, INC. UNDERWRITING AGREEMENTUnderwriting Agreement • September 9th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • New York
Generation Income Properties, Inc., a Maryland corporation (the “Company”), proposes, subject to the terms and conditions contained herein (this “Agreement”), to sell to you and the other underwriters named on Schedule 1(a) to this Agreement (the “Underwriters”), for whom Maxim Group LLC (“Maxim”) is acting as Representative (the “Representative,” “you” or similar terminology), an aggregate of 1,500,000 units (the “Firm Units”), with each Unit consisting of one share of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and one warrant to purchase one share of Common Stock, in the form attached hereto as Exhibit C (“Warrant”). The respective amounts of the Units to be purchased by each of the several Underwriters are set forth opposite their names on Schedule 1(a) hereto. In addition, the Company proposes to grant to the Underwriters an option to purchase up to an additional 225,000 Units (the “Option Units,” together with the Firm Units, the “Units”) from the
COMMON STOCK PURCHASE WARRANT GENERATION INCOME PROPERTIES, INC.Generation Income Properties, Inc. • September 9th, 2021 • Real estate investment trusts • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _______________________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Detachment Date (defined below) and on or prior to 5:00 p.m. (New York City time) on September 8, 2026 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Generation Income Properties, Inc., a Maryland corporation (the “Company”), up to [___] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security held in book-entry form and the Depository Trust Company or its nominee (“DTC”) shall initially be the sole registered holder of this Warrant, subject
SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF GIPVA 130 CORPORATE BLVD, LLC Dated as of February 8, 2023Limited Liability Company Agreement • February 9th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
This SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”) of GIPVA 130 CORPORATE BLVD, LLC (the “Company”), a Delaware limited liability company, is entered into this 8 day of February, 2023 by Generation Income Properties, L.P., a Delaware limited partnership, as managing member (“GIPLP”, “Common Member”, or “Manager”), and Brown Family Enterprises, LLC, a Florida limited liability company (“Brown Family”, or “Preferred Member”). GIPLP and Brown Family are each a Member.
CONTRIBUTION AND SUBSCRIPTION AGREEMENT BETWEEN GREENWAL, L.C. AND GENERATION INCOME PROPERTIES, L.P. June 19, 2019 GSA NAVSEA BUILDING NORFOLK, VIRGINIAContribution and Subscription Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Delaware
THIS CONTRIBUTION AND SUBSCRIPTION (this “Agreement”), made and entered into this 19th day of June, 2019, by and between GREENWAL, L.C., a Virginia limited liability company (“Contributor”), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited Partnership (“GIPLP”).
REDEMPTION AGREEMENT GIPFL 702 TILLMAN PLACE, LLCRedemption Agreement • August 14th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS REDEMPTION AGREEMENT (this “Agreement”) by and between GIPFL 702 TILLMAN PLACE, LLC, a Delaware limited liability company (the “Company”) and Stephen J. Brown, an individual (the “Redeemed Member”). Unless otherwise defined herein, any capitalized term referred to herein shall have the meaning ascribed to such term in that Limited Liability Company Agreement of the Company entered into March 29, 2021 (the “JV Agreement”).
PURCHASE AND SALE AGREEMENT BETWEEN ELLIOTT BAY HEALTHCARE REALTY LLC, a Delaware limited liability company, as Seller and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership, as PurchaserPurchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS PURCHASE AND SALE AGREEMENT (the “Agreement”), made and entered into as of the Effective Date (as defined herein) by and between ELLIOTT MEDICAL CARE SOUTHSIDE DIALYSIS, LLC, a Delaware limited liability company (“Seller”), and GENERATION INCOME PROPERTIES L.P., a Delaware limited partnership (“Purchaser”).
LOAN AGREEMENTLoan Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (the “Agreement”) is entered into as of the day of December, 2018 to be effective as of the 20th day of December, 2018, by and between AMERICAN MOMENTUM BANK, its successors and assigns (the “Lender”), and GENERATION INCOME PROPERTIES, INC., a Maryland corporation (the “Borrower”), and DAVID E. SOBELMAN, an individual (hereinafter “Guarantor”), and is made in reference to the following facts (Lender, Borrower and Guarantor may be referred to collectively as the “Parties”):
ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCEPayment and Performance • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE (hereinafter referred to as the “Guaranty”), made to be effective the 9th day of March, 2022, by DAVID SOBELMAN, an individual (the “Individual Guarantor”), and Generation Income Properties, L.P., a Delaware limited partnership (the “Entity Guarantor,” who together with the Individual Guarantor may be referred to herein as a “Guarantor” and collectively, the “Guarantors”), to AMERICAN MOMENTUM BANK (the “Lender”).
LIMITED GUARANTY AGREEMENTLimited Guaranty Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LIMITED GUARANTY AGREEMENT effective September 11, 2019 (together with any amendments or modifications hereto in effect from time to time, the “Guaranty”), made by DAVID E. SOBELMAN, an individual, having an address of 3117 West Oaklyn Avenue, Tampa, Florida 33609 (“Guarantor”), in favor of AMERICAN MOMENTUM BANK, its successors and assigns, having an address of 500 South Washington Boulevard, Sarasota, Florida 34236 (“Lender”).
Loan AgreementLoan Agreement • April 7th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (the “Agreement”) is made and entered into as of this 1st day of April, 2022, by and among GIPAZ 199 NORTH PANTANO ROAD, LLC, a Delaware limited liability company (“Tucson”), GIPCO 585 24 ½ ROAD, LLC, a Delaware limited liability company (“Grand Junction”), GIPFL 702 TILLMAN PLACE, LLC, a Delaware limited liability company (“Plant City”), GIPFL 10002 N DALE MABRY, LLC, a Delaware limited liability company (“Tampa”), GIPNC 201 ETHERIDGE ROAD, LLC, a Delaware limited liability company (“Manteo”), and GIPIL 3134 W 76TH STREET, LLC, a Delaware limited liability company (“Chicago”) (“Tucson,” “Grand Junction,” “Plant City,” “Tampa,” “Manteo,” together with “Chicago” hereinafter collectively, the “Borrower”), DAVID SOBELMAN, individually (“Guarantor”), and VALLEY NATIONAL BANK, a national banking association, its successors and assigns (“Lender”).
TAX PROTECTION AGREEMENTTax Protection Agreement • June 17th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Delaware
THIS TAX PROTECTION AGREEMENT (this “Agreement”) is made and entered into as of the 30th day of September, 2019 by and among GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (the “Partnership”), GENERATION INCOME PROPERTIES, INC., a Maryland corporation (the “REIT”), and the sole general partner of the Partnership, and RIVERSIDE CROSSING, L.C., a Virginia limited liability company, as contributor (the “Contributor” and, together with the Partnership and the REIT, the “Parties”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • April 30th, 2019 • Generation Income Properties, Inc. • Real estate investment trusts • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”) is dated of April 17, 2019 and is by and among Generation Income Properties, Inc., a Maryland corporation (the “Company”), and the purchaser(s) identified on the signature pages hereto (each a “Buyer” and collectively, the “Buyers”).
AGREEMENT OF PURCHASE AND SALEAgreement of Purchase and Sale • August 14th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts • Maryland
THIS AGREEMENT OF PURCHASE AND SALE (this “Agreement”) is dated as of August 10, 2023 (the “Effective Date”) between (i) Modiv Inc., a Maryland corporation (“Modiv”), (ii) each entity identified as a Seller on Schedule A attached to this Agreement (each a “Selling Entity” and jointly and severally with Modiv, “Seller”), (iii) Generation Income Properties, L.P., a Delaware limited partnership, or its assigns, and (iv) Generation Income Properties, Inc. (“GIPR” together with Generation Income Properties, L.P., collectively the “Buyer”). Modiv is the sole general partner of, and owns an approximate 71% partnership interest in, Modiv OP. Various limited partners own the remaining approximate 29% partnership interest in Modiv OP.
UNIT PURCHASE AGREEMENTUnit Purchase Agreement • February 9th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
This Unit Purchase Agreement (this “Agreement”) is entered as of February 8, 2023 by and between Brown Family Enterprises, LLC, a Florida limited liability company (the “Purchaser”) and GIPVA 130 CORPORATE BLVD, LLC, a Delaware limited liability company (the “Company”).
SECOND AMENDED AND RESTATED STOCK PURCHASE AGREEMENTStock Purchase Agreement • March 29th, 2018 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
This Second Amended and Restated Stock Purchase Agreement (the “Agreement”) is made as of December 31, 2017 by and between Generation Income Properties, Inc, a Maryland corporation (the “Company”) and David Sobelman (“Purchaser”).
LOAN AGREEMENT Dated as of February 11, 2020 By and Among Borrowers (as defined herein) and DBR INVESTMENTS CO. LIMITED, as LenderLoan Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • New York
THIS LOAN AGREEMENT, dated as of February 11, 2020 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between DBR INVESTMENTS CO. LIMITED, a Cayman Islands corporation, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (together with its successors and assigns, collectively, “Lender”), and GIPFL 1300 S DALE MABRY, LLC, a Delaware limited liability company, having its principal place of business at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602, GIPDC 3707 14TH ST, LLC, a Delaware limited liability company, having its principal place of business at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 and GIPAL JV 15091 SW ALABAMA 20, LLC, a Delaware limited liability company, having its principal place of business at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 (each a “Borrower” and collectively, together with their respective permitted successors and assigns, “Borrowers”).
Property Management AgreementProperty Management Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
We are pleased to confirm the arrangements (this “Agreement”) under which 3 Properties LLC, (“Agent”) will act as the property manager for Generation Income Properties Inc., and its affiliates listed in Exhibit B (“Owner”) and the properties listed in Exhibit B (attached hereto) and their corresponding entities (each a “Property” and together the “Properties”) as of January 01, 2019 (the “Effective Date”) upon the terms and in consideration of the mutual covenants herein set forth:
FIRST AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • January 4th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts
(hereinafter “Agreement”) is made and entered into as June _23 , 2022, by and between GENERATION INCOME PROPERTIES, INC., a Maryland corporation (“Company”), and DAVID SOBELMAN, an individual residing in the State of Florida (hereinafter called “Employee”). This Agreement amends and restates in its entirety that certain Employment Agreement, dated December 20, 2019, previously entered into between Company and Employee (the “Prior Employment Agreement”).
ASSIGNMENT AND ASSUMPTION OF LEASE, SECURITY DEPOSITS AND GUARANTYAssignment and Assumption of Lease • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS ASSIGNMENT AND ASSUMPTION OF LEASE, SECURITY DEPOSITS AND GUARANTY (“Assignment”) is made and entered into as of the 9 day of March, 2022, by and between NSHE BASSETT, LLC, an Arizona limited liability company (“Assignor”), and GIPAZ 199 NORTH PANTANO ROAD, LLC, a Delaware limited liability company (“Assignee”).
SECOND AMENDMENT TO CONTRIBUTION AND SUBSCRIPTION AGREEMENT October 12, 2020Contribution and Subscription Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Virginia
This Second Amendment to Contribution and Subscription Agreement (this “Amendment”) is entered by and between Generation Income Properties, L.P., a Delaware limited partnership (the “ GIPLP”) and Greenwal, L.C., a Virginia limited liability company (“Contributor”) effective as of the date first written above. Capitalized terms used but not defined herein have the meaning ascribed to them in the Contribution Agreement (as defined below).
GUARANTY OF NONRECOURSE CARVEOUT LIABILITIES AND OBLIGATIONSGeneration Income Properties, Inc. • February 14th, 2020 • Real estate investment trusts • Virginia
THIS GUARANTY OF NONRECOURSE CARVEOUT LIABILITIES AND OBLIGATIONS (this “Guaranty”), dated as of September 30, 2019. is made by GENERATION INCOME PROPERTIES, L.P.. a Delaware limited partnership, GENERATION INCOME PROPERTIES, INC., a Maryland corporation, and DAVID SOBELMAN, each having a business address of 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 (hereinafter referred to, together with their successors and assigns, including the estate of any individual guarantor who becomes deceased. as “Guarantor”), for the benefit of NEWPORT NEWS SHIPBUILDING EMPLOYEES’ CREDIT UNION, INC. DBA BAYPORT CREDIT UNION, a Virginia Corporation, having an office at One BayPort Way, Suite 350, Newport News, VA 23606 (together with its successors and assigns, “Lender”).
SECOND AMENDED AND RESTATED OWNERSHIP LIMIT WAIVER AGREEMENTOwnership Limit Waiver Agreement • March 29th, 2018 • Generation Income Properties, Inc. • Real estate investment trusts • Maryland
This SECOND AMENDED AND RESTATED OWNERSHIP LIMIT WAIVER AGREEMENT (this “Agreement”), dated as of December 31, 2017 is entered into by and between Generation Income Properties, Inc., a Maryland corporation (the “Company”), and David Sobelman (“Sobelman”).
EMPLOYMENT AGREEMENTEmployment Agreement • December 26th, 2019 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
This Employment Agreement (“Agreement”) is made by and between Generation Income Properties, Inc. (“GIP”) and Richard Russell (“Employee”) in consideration of Employee’s anticipated or continued employment relationship with GIP and the advantages and benefits of such relationship, the receipt and adequacy of all of such consideration being hereby acknowledged and accepted by Employee.
GENERATION INCOME PROPERTIES, INC. Tampa, FL 33602 SUBSCRIPTION AGREEMENTSubscription Agreement • September 16th, 2015 • Generation Income Properties, Inc.
The securities offered hereby have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities or blue sky laws and are being offered and sold in reliance on the Regulation A exemption from the registration requirements of the Securities Act and exemptions from state securities or blue sky laws. Prospective investors are advised to read the Offering Statement on Form 1-A and any amendments to such documents related to this offering (the “Offering Materials”) filed with the Securities and Exchange Commission (“SEC”).
NOTE AND LOAN MODIFICATION AGREEMENTNote and Loan Modification Agreement • March 26th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Virginia
This Note and Loan Modification Agreement (this “Agreement”) is made as of March 23, 2021, by and among GIPVA 130 CORPORATE BLVD, LLC, a Delaware limited liability company (the “Borrower”), GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership, GENERATION INCOME PROPERTIES, INC., a Maryland corporation, and DAVID SOBELMAN (collectively, the “Guarantors” and together with the Borrower, the “Obligors”),,and NEWPORT NEWS SHIPBUILDING EMPLOYEES’ CREDIT UNION, INC., D/B/A BAYPORT CREDIT UNION (the “Credit Union”), who, in consideration of the mutual covenants herein and for Ten Dollars and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, agree as follows:
GUARANTY OF PAYMENTGuaranty of Payment • April 7th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
This GUARANTY OF PAYMENT (this “Guaranty”) is made and given on April 1, 2022 by DAVID SOBELMAN, individually and David Sobelman, as President of Generation Income Properties, Inc., a Maryland corporation, General Partner of Generation Income Properties, L.P., a Delaware limited partnership (“Guarantor”) to VALLEY NATIONAL BANK, a national banking association (the “Lender”).
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENTAssignment and Assumption • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (“Assignment”) is made and entered into, effective as of February 23, 2022, by and between GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (“Assignor”), and GIPAZ 199 NORTH PANTANO ROAD, LLC, a Delaware limited liability company (“Assignee”).
Property Management AgreementProperty Management Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
We are pleased to confirm the arrangements (this “Agreement”) under which 3 Properties LLC, (“Agent”) will act as the property manager for Generation Income Properties Inc., and its affiliates listed in Exhibit B (“Owner”) and the properties listed in Exhibit B (attached hereto) and their corresponding entities (each a “Property” and together the “Properties”) as of October 01, 2019 (the “Effective Date”) upon the terms and in consideration of the mutual covenants herein set forth:
SECOND AMENDMENT TO THE AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF GENERATION INCOME PROPERTIES, L.P. October 12, 2020Generation Income Properties, Inc. • April 12th, 2021 • Real estate investment trusts • Delaware
This Second Amendment (this “ Amendment ”) to the Amended and Restated Limited Partnership Agreement, dated March 23, 2018, of Generation Income Properties, L.P., a Delaware limited partnership (the “ Partnership”), as amended by that certain First Amendment to the Amended and Restated Limited Partnership Agreement, dated May 21, 2019 (as amended, the “Partnership Agreement”), is entered into effective as of the date first written above in accordance with Section 11.01 of the Partnership Agreement. Capitalized terms used but not defined herein are used as defined in the Partnership Agreement.
SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (the “Second Amendment”) is made and entered effective as of January 3, 2022 (the “Amendment Effective Date”), by and between ELLIOTT BAY HEALTHCARE REALTY LLC, a Delaware limited liability company (the “Seller”), and GIPIL 3134 W 76th STREET, LLC, a Delaware limited liability company (the “Purchaser”).
COMMON STOCK PURCHASE WARRANT GENERATION INCOME PROPERTIES, INC.Generation Income Properties, Inc. • April 12th, 2021 • Real estate investment trusts • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, John Robert Sierra, Sr. Revocable Family Trust or its assigns (the “Holder”) is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time on or after the date of this Warrant as set forth above (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on the seventh (7th) anniversary of the Initial Exercise Date unless earlier terminated as provided herein (the “Termination Date”) but not thereafter, to subscribe for and purchase from Generation Income Properties, Inc., a Maryland corporation (the “Company”), up to 50,000 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
