0001193125-15-317251 Sample Contracts

THIRD AMENDMENT TO LOAN AGREEMENT
Loan Agreement • September 10th, 2015 • GLADSTONE LAND Corp • Real estate investment trusts

THIS THIRD AMENDMENT TO LOAN AGREEMENT (this “Third Amendment”), is made and entered into as of September 3, 2015, by and among GLADSTONE LAND LIMITED PARTNERSHIP, a Delaware limited partnership (“Borrower”), GLADSTONE LAND CORPORATION, a Maryland corporation (“Guarantor”) and METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (the “Lender”).

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FIRST AMENDMENT TO PROMISSORY NOTE B
Promissory Note • September 10th, 2015 • GLADSTONE LAND Corp • Real estate investment trusts

THIS FIRST AMENDMENT TO PROMISSORY NOTE (this “Amendment”) is made and entered as of September 3, 2015 (the “Effective Date”), by and among GLADSTONE LAND LIMITED PARTNERSHIP, a Delaware limited partnership (“Borrower”), and METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (“Lender”), with reference to that certain Promissory Note in the original principal amount of up to TWENTY-FIVE MILLION AND 00/100 DOLLARS ($25,000,000.00) made by Borrower to the order of Lender and dated April 30, 2014 (“Note B”). Any capitalized terms used in this Amendment but not otherwise defined herein shall have the meanings given to them in Note B.

FIRST AMENDMENT TO PROMISSORY NOTE A
Promissory Note • September 10th, 2015 • GLADSTONE LAND Corp • Real estate investment trusts

THIS FIRST AMENDMENT TO PROMISSORY NOTE (this “Amendment”) is made and entered as of September 3, 2015 (the “Effective Date”), by and among GLADSTONE LAND LIMITED PARTNERSHIP, a Delaware limited partnership (“Borrower”), and METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (“Lender”), with reference to that certain Promissory Note in the original principal amount of up to ONE HUNDRED MILLION AND 00/100 DOLLARS ($100,000,000.00) made by Borrower to the order of Lender and dated April 30, 2014 (“Note A”). Any capitalized terms used in this Amendment but not otherwise defined herein shall have the meanings given to them in Note A.

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