DEALER MANAGER AGREEMENT 6,000,000 Shares of 6.00% Series B Cumulative Redeemable Preferred Stock — Primary Offering — $25.00 500,000 Shares of 6.00% Series B Cumulative Redeemable Preferred Stock —Dividend Reinvestment Plan — $25.00Dealer Manager Agreement • January 10th, 2018 • GLADSTONE LAND Corp • Real estate investment trusts • Virginia
Gladstone Land Corporation, a Maryland corporation (the “Company”), is offering an aggregate of 6,500,000 shares of its 6.00% Series B Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Shares”), for sale to the public (the “Offering”), of which 6,000,000 Shares are intended to be offered pursuant to the primary offering and 500,000 Shares are intended to be offered pursuant to the Company’s dividend reinvestment plan (the “DRIP”) to those holders of Shares who elect to participate in such DRIP. The Company reserves the right to reallocate the Shares being offered between the primary offering and the DRIP. Except as described in the Prospectus (as defined below) or in Section 5 hereof, the Shares are to be sold pursuant to the primary offering and the DRIP for a cash price of $25.00 per Share. The redemption price per Share will be equal to $23.50 in cash and will be subject to an annual limit of 5.00% of the total aggregate sale price of Shares sold from January t
SUBSCRIPTION ESCROW AGREEMENTSubscription Escrow Agreement • January 10th, 2018 • GLADSTONE LAND Corp • Real estate investment trusts • Delaware
THIS SUBSCRIPTION ESCROW AGREEMENT dated as of January 8, 2018 (this “Agreement”), is entered into between Gladstone Land Corporation (the “Company”) and UMB Bank, National Association, a national banking association, as escrow agent (the “Escrow Agent”).
SECOND AMENDMENT TO FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF GLADSTONE LAND LIMITED PARTNERSHIPPartnership Agreement • January 10th, 2018 • GLADSTONE LAND Corp • Real estate investment trusts
THIS SECOND AMENDMENT (this “Amendment”) to the FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF GLADSTONE LAND LIMITED PARTNERSHIP (the “Partnership”) is made and entered into to be effective as of January 10, 2018. Capitalized terms used herein and not defined herein shall have the meanings ascribed thereto in the First Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of October 7, 2014 (as amended by the First Amendment (as defined below), the “Partnership Agreement”).
