UNDERWRITING AGREEMENTUnderwriting Agreement • January 27th, 2012 • Agree Realty Corp • Real estate investment trusts • New York
Agree Realty Corporation, a Maryland corporation (the “Company”), and Agree Limited Partnership, a Delaware limited partnership (the “Operating Partnership”), confirm their agreement with each of the Underwriters named in Schedule I hereto (collectively, the Underwriters,” which term shall also include any underwriter hereinafter substituted as provided in Section 11 hereof), for whom Raymond James & Associates, Inc. is acting as representative (in such capacity, if and as applicable, the Representative”) with respect to (i) the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of 1,300,000 shares (the “Firm Shares”) of its common stock, par value $0.0001 per share (the “Common Stock”) and (ii) the grant by the Company to the Underwriters, acting severally and not jointly, of the option described in Section 2(b) hereof to purchase up to an additional 195,000 shares of Common Stock solely to cover over-allotments (the “Option Shares”). The Firm
