INDEMNIFICATION AGREEMENT (Director)Indemnification Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Maryland
THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of the day of , , by and between Generation Income Properties, Inc., a Maryland corporation (the “Company”), and (“Indemnitee”).
LOAN AGREEMENTLoan Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (the “Agreement”) is entered into as of the day of December, 2018 to be effective as of the 20th day of December, 2018, by and between AMERICAN MOMENTUM BANK, its successors and assigns (the “Lender”), and GENERATION INCOME PROPERTIES, INC., a Maryland corporation (the “Borrower”), and DAVID E. SOBELMAN, an individual (hereinafter “Guarantor”), and is made in reference to the following facts (Lender, Borrower and Guarantor may be referred to collectively as the “Parties”):
LIMITED GUARANTY AGREEMENTLimited Guaranty Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LIMITED GUARANTY AGREEMENT effective September 11, 2019 (together with any amendments or modifications hereto in effect from time to time, the “Guaranty”), made by DAVID E. SOBELMAN, an individual, having an address of 3117 West Oaklyn Avenue, Tampa, Florida 33609 (“Guarantor”), in favor of AMERICAN MOMENTUM BANK, its successors and assigns, having an address of 500 South Washington Boulevard, Sarasota, Florida 34236 (“Lender”).
LOAN AGREEMENT Dated as of February 11, 2020 By and Among Borrowers (as defined herein) and DBR INVESTMENTS CO. LIMITED, as LenderLoan Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • New York
THIS LOAN AGREEMENT, dated as of February 11, 2020 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between DBR INVESTMENTS CO. LIMITED, a Cayman Islands corporation, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (together with its successors and assigns, collectively, “Lender”), and GIPFL 1300 S DALE MABRY, LLC, a Delaware limited liability company, having its principal place of business at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602, GIPDC 3707 14TH ST, LLC, a Delaware limited liability company, having its principal place of business at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 and GIPAL JV 15091 SW ALABAMA 20, LLC, a Delaware limited liability company, having its principal place of business at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 (each a “Borrower” and collectively, together with their respective permitted successors and assigns, “Borrowers”).
Property Management AgreementProperty Management Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
We are pleased to confirm the arrangements (this “Agreement”) under which 3 Properties LLC, (“Agent”) will act as the property manager for Generation Income Properties Inc., and its affiliates listed in Exhibit B (“Owner”) and the properties listed in Exhibit B (attached hereto) and their corresponding entities (each a “Property” and together the “Properties”) as of January 01, 2019 (the “Effective Date”) upon the terms and in consideration of the mutual covenants herein set forth:
FORM OF LOCK-UP AGREEMENTLock-Up Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • New York
GUARANTY OF NONRECOURSE CARVEOUT LIABILITIES AND OBLIGATIONSGuaranty of Nonrecourse Carveout Liabilities and Obligations • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Virginia
THIS GUARANTY OF NONRECOURSE CARVEOUT LIABILITIES AND OBLIGATIONS (this “Guaranty”), dated as of September 30, 2019. is made by GENERATION INCOME PROPERTIES, L.P.. a Delaware limited partnership, GENERATION INCOME PROPERTIES, INC., a Maryland corporation, and DAVID SOBELMAN, each having a business address of 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 (hereinafter referred to, together with their successors and assigns, including the estate of any individual guarantor who becomes deceased. as “Guarantor”), for the benefit of NEWPORT NEWS SHIPBUILDING EMPLOYEES’ CREDIT UNION, INC. DBA BAYPORT CREDIT UNION, a Virginia Corporation, having an office at One BayPort Way, Suite 350, Newport News, VA 23606 (together with its successors and assigns, “Lender”).
Property Management AgreementProperty Management Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
We are pleased to confirm the arrangements (this “Agreement”) under which 3 Properties LLC, (“Agent”) will act as the property manager for Generation Income Properties Inc., and its affiliates listed in Exhibit B (“Owner”) and the properties listed in Exhibit B (attached hereto) and their corresponding entities (each a “Property” and together the “Properties”) as of October 01, 2019 (the “Effective Date”) upon the terms and in consideration of the mutual covenants herein set forth:
GUARANTY OF RECOURSE OBLIGATIONSGuaranty of Recourse Obligations • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • New York
This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of February 11, 2020 by DAVID SOBELMAN, an individual, having an address at 3117 W. Oaklyn Avenue, Tampa, Florida 33609 (“Sobelman”), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership, having an address at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 (“GIP LP”) (each of the foregoing, a “Guarantor”, and collectively, “Guarantors”), for the benefit of DBR INVESTMENTS CO. LIMITED, a Cayman Islands corporation, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (together with its successors and/or assigns, “Lender”).
Generation Income Properties, Inc. RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Delaware
You (“Grantee”) have been granted an award of restricted shares of the common stock of Generation Income Properties, Inc. (the “Company”) constituting a Restricted Stock Award (this “Award”). This Award is granted under and governed by the terms and conditions of this Award Agreement.
FIRST AMENDMENT TO LOAN AGREEMENTLoan Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS FIRST AMENDMENT TO LOAN AGREEMENT (the “Agreement”) is entered into as of the 27th day of August 2019, by and between AMERICAN MOMENTUM BANK, its successors an assigns (the “Lender”), and, GENERATION INCOME PROPERTIES, INC., a Maryland corporation (the “Borrower”), and is made in reference to the following facts:
COMMERCIAL LOAN AGREEMENT Single Advance LoanCommercial Loan Agreement • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • Virginia
DATE AND PARTIES. The date of this Commercial Loan Agreement (Agreement) is September 30, 2019. The parties and their addresses are as follows:
