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”).
LOAN AGREEMENTLoan Agreement • August 14th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts • Ohio
THIS LOAN AGREEMENT is made and entered into as of August 10, 2023, by and between GIP13, LLC, a Delaware limited liability company, of 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 ("Borrower"), and Valley National Bank, a national banking association, of 180 Fountain Parkway N, Suite 200, St. Petersburg, Florida 33716 ("Lender"). For value received, and in consideration of the mutual covenants hereunder, the parties agree to the following recitals, terms and conditions:
AGREEMENT OF PURCHASE AND SALEPurchase and Sale Agreement • 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.
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • August 14th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts
This Agreement is made pursuant to the Agreement of Purchase and Sale, dated as of August __, 2023, between (i) Modiv, (ii) each entity identified as a Seller on Schedule A thereto, (iii) Generation Income Properties, L.P., a Delaware limited partnership, or its assigns, and (iv) the Company (the “Purchase Agreement”), pursuant to which the Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to issue and sell to Modiv at the Closing (as defined in the Purchase Agreement) an aggregate of 2,400,000 shares (the “Preferred Shares”) of a newly created series of preferred stock, (the “Preferred Stock”), designated as Series A Redeemable Preferred Stock, which shall initially be redeemable for a minimum of 2,200,000 shares and a maximum of 3,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock,” the shares of Common Stock issuable upon redemption of the Preferred Shares referred to as the “Redemption Shares”), in ac
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF GIP VB SPE, LLCLimited Liability Company Agreement • August 14th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of GIP VB SPE, LLC a Delaware limited liability company (the “Company”), is entered into as of August 10, 2023 (the “Effective Date”) by and among Generation Income Properties, L.P., a Delaware limited partnership (the “Generation Member”) , LC2-NNN Pref, LLC, a Florida limited liability company (the “Loci Member”) and Generation Income Properties, L.P., a Delaware limited liability company, as the manager of the Company (the “Manager”). The Members and the Manager are collectively called the “Parties”. Capitalized terms used in this Agreement, including in this preamble, have the meanings indicated in Section 1.
AGREEMENT PROVIDING REPRESENTATIONS AND WARRANTIES between GENERATION INCOME PROPERTIES, L.P. and LC2-NNN PREF, LLC, as Assured Party August 10, 2023Agreement Providing Representations and Warranties • August 14th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS AGREEMENT PROVIDING REPRESENTATIONS AND WARRANTIES (as the same may hereinafter be amended, the “Agreement”) is entered into and effective as of this day of August 10, 2023 (the “Agreement Date”), by and among GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (“Generation”) and LC2-NNN PREF, LLC, a Delaware limited liability company (“Assured Party”).
THIRD AMENDMENT TO THE AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF GENERATION INCOME PROPERTIES, L.P. Dated as of August 10, 2023Limited Partnership Agreement • August 14th, 2023 • Generation Income Properties, Inc. • Real estate investment trusts
This Third 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, and that certain Second Amendment to the Amended and Restated Limited Partnership Agreement, dated October 12, 2020 (as amended, the “Partnership Agreement”), is entered into effective as of the date first written above in accordance with Section 4.02(a)(i) and Section 11.01 of the Partnership Agreement. Capitalized terms used but not defined herein are used as defined in the Partnership Agreement.
