LIMITED LIABILITY COMPANY AGREEMENT OF GIPNC 201 Etheridge Road, LLC Dated as of November 20, 2020Limited Liability Company Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
This LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”) of GIPNC 201 ETHERIDGE ROAD, LLC (the “Company”), a Delaware limited liability company, is entered into this 20th day of November, 2020 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”).
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).
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.
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).
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 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 200,000 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).
STOCK REDEMPTION AGREEMENTStock Redemption Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS STOCK REDEMPTION AGREEMENT (“Agreement”) is entered into as of March 31, 2020 and is by and among Generation Income Properties, Inc., a Maryland corporation (the “Corporation”), and David Sobelman (the “Seller”).
LOCK-UP AGREEMENTLock-Up Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • New York
FIRST AMENDMENT TO THE AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF GENERATION INCOME PROPERTIES, L.P. May 21, 2019Generation Income Properties, Inc. • April 12th, 2021 • Real estate investment trusts • Delaware
This First Amendment (this “ Amendment”) to the Amended and Restated Limited Partnership Agreement of Generation Income Properties, L.P., a Delaware limited partnership (the “Partnership”) (as amended, the “Partnership Agreement”), is entered into effective as of the 21st day of May, 2019, 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.
CONTRIBUTION AND SUBSCRIPTION AGREEMENT BETWEEN GIP FUND 1, LLC AND GENERATION INCOME PROPERTIES, L.P. OCTOBER 28, 2020 Tampa, Florida 33606Contribution and Subscription Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS CONTRIBUTION AND SUBSCRIPTION (this “Agreement”), made and entered into this 28th day of October, 2020, by and between GIP FUND 1, LLC, a Florida limited liability company (“Contributor”), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (“GIPLP”).
FIRST AMENDMENT TO CONTRIBUTION AND SUBSCRIPTION AGREEMENTEscrow Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts
THIS FIRST AMENDMENT TO CONTRIBUTION AND SUBSCRIPTION AGREEMENT (“First Amendment”), is made effective as of July 26, 2019 (“Effective Date”) by and between GREENWAL, L.C., a Virginia limited liability company (the “Contributor”), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (the “GIPLP”).
SECOND AMENDMENT TO PURCHASE AGREEMENTPurchase Agreement • April 12th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts
THIS SECOND AMENDMENT TO PURCHASE AGREEMENT (“Amendment”), is made effective as of November 24, 2020 (“Effective Date”) by and between MARITIME WOODS DEVELOPMENT, LLC, a North Carolina limited liability company (the “Seller”), and GIPNC 201 ETHERIDGE ROAD, LLC, a Delaware limited liability company (the “Purchaser”).
