PURCHASE AGREEMENTPurchase Agreement • May 31st, 2019 • Medalist Diversified REIT, Inc. • Real estate investment trusts • Virginia
This Purchase Agreement (the “Agreement”) is made as of May 30, 2019 by and among Medalist Diversified REIT, Inc., a Maryland corporation (the “Company”) and the sole general partner of Medalist Diversified Holdings L.P., a Delaware limited partnership (the “Operating Partnership,” and together with the Company, the “Transaction Entities”), and Virginia Birth-Related Neurological Injury Compensation Program (the “Purchaser”).
PERSONAL AND CONFIDENTIAL Medalist Diversified REIT, Inc. Richmond, VA 23219Securities Purchase Agreement • May 31st, 2019 • Medalist Diversified REIT, Inc. • Real estate investment trusts • New York
Introduction. Subject to the terms and conditions herein (this “Agreement”), Medalist Diversified REIT, Inc. (the “Company”), hereby agrees to sell 270,833 shares of its common stock (the “Securities”) directly to Virginia Birth-Related Neurological Injury Compensation Program (the “Investor”) through Aegis Capital Corp., as placement agent (the “Placement Agent). The documents executed and delivered by the Company and the Investor in connection with the Offering (as defined below), including, without limitation, a securities purchase agreement (the “Purchase Agreement”), shall be collectively referred to herein as the “Transaction Documents.” The purchase price to the Investor for the Securities shall be $4.80 per share of the Company’s common stock. The Placement Agent may retain other brokers or dealers to act as sub-agents or selected-dealers on its behalf in connection with the Offering. The sale of the Securities are being offered pursuant to a Confidential Private Placement Memo
