NOTE AND LOAN MODIFICATION AGREEMENTNote and Loan Modification Agreement • March 26th, 2021 • Generation Income Properties, Inc. • Real estate investment trusts • Virginia
This Note and Loan Modification Agreement (this “Agreement”) is made as of March 23, 2021, by and among GIPVA 130 CORPORATE BLVD, LLC, a Delaware limited liability company (the “Borrower”), GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership, GENERATION INCOME PROPERTIES, INC., a Maryland corporation, and DAVID SOBELMAN (collectively, the “Guarantors” and together with the Borrower, the “Obligors”),,and NEWPORT NEWS SHIPBUILDING EMPLOYEES’ CREDIT UNION, INC., D/B/A BAYPORT CREDIT UNION (the “Credit Union”), who, in consideration of the mutual covenants herein and for Ten Dollars and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, agree as follows:
