CHANGE IN CONTROL AGREEMENTChange in Control Agreement • March 10th, 2023 • Medalist Diversified REIT, Inc. • Real estate investment trusts • Virginia
THIS CHANGE IN CONTROL AGREEMENT (this “Agreement”), effective this 10th day of March, 2023 (the “Effective Date”), is by and among Gunston Consulting, LLC, a Virginia limited liability company (“Consultant”), Medalist Diversified REIT, Inc., a Maryland corporation (“REIT”), and Colin Elliott (“Gunston-Employee”).
Medalist Fund Manager, Inc. March 19,2021Medalist Diversified REIT, Inc. • March 10th, 2023 • Real estate investment trusts
FIRST AMENDMENT TO CONSULTING AGREEMENTRelease Agreement • March 10th, 2023 • Medalist Diversified REIT, Inc. • Real estate investment trusts
THIS FIRST AMENDMENT TO CONSULTING AGREEMENT (this “Amendment”) is made and entered into effective as of March 10, 2023 by and between Gunston Consulting, LLC, a Virginia limited liability company (“Consultant”), and Medalist Diversified REIT, Inc., a Maryland corporation (“REIT”). For purposes of this Amendment, Consultant and REIT may be referred to as a “Party” and collectively as, the “Parties.”
Medalist Fund Manager, Inc.Management Agreement • March 10th, 2023 • Medalist Diversified REIT, Inc. • Real estate investment trusts
Reference is made to the Management Agreement, dated as of March 15, 2016 (the “Original Management Agreement”), by and among Medalist Diversified REIT, Inc., a Maryland corporation (“Medalist”), Medalist Diversified Holdings, L.P., a Delaware limited partnership (the “Operating Partnership”), and Medalist Fund Manager, Inc., a Virginia corporation (the “Manager”), as amended by the Letter Agreement, dated March 19, 2021 (the “First Amendment”), by and among Medalist, the Operating Partnership and the Manager (the Original Management Agreement, as amended by the First Amendment, being referred to herein as the “Current Management Agreement”). Capitalized terms used in this Letter Agreement (this “Letter Agreement”) but not defined herein have the meanings ascribed to them in the Original Management Agreement.
Medalist Diversified REIT, Inc.Medalist Diversified REIT, Inc. • March 10th, 2023 • Real estate investment trusts
Pursuant to the terms of the consulting agreement (the “Agreement”) dated March 1, 2020 between Medalist Diversified REIT, Inc. (“REIT” or the “Company”) and Gunston Consulting, LLC (“Consultant”), the Company hereby authorizes the Consultant to retain the services of Colin Elliott as Vice President of the Company, effective on December 1, 2022. The Company further authorizes the Consultant to incur the following general costs related to the employment of the Vice President and will provide reimbursement on a monthly and annual basis (as applicable) for such costs, as set forth below. Any partial months will be pro rated as appropriate. Payment will be made on or around the 15th of each month.
