8,000,000 Shares MEDALIST DIVERSIFIED REIT, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • April 13th, 2021 • Medalist Diversified REIT, Inc. • Real estate investment trusts • New York
Medalist Diversified REIT, Inc., a Maryland corporation (the “Company”), proposes, subject to the terms and conditions contained herein, to sell to you and the other underwriters named on Schedule I to this Agreement (the “Underwriters”), for whom Kingswood Capital Markets, a division of Benchmark Investments Inc. (“Kingswood”) is acting as Representative (the “Representative,” “you” or similar terminology), an aggregate of 8,000,000 shares (the “Firm Shares”) of the Company’s common stock, $0.01 par value per share (the “Common Stock”). The respective amounts of the Firm Shares to be purchased by each of the several Underwriters are set forth opposite their names on Schedule I hereto. In addition, the Company proposes to grant to the Underwriters an option to purchase up to an additional 1,200,000 shares of Common Stock from the Company for the purpose of covering over-allotments in connection with the sale of the Firm Shares (the “Option Shares”). The Firm Shares and the Option Share
