0001564590-22-021018 Sample Contracts

ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE
Payment and Performance • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida

THIS ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE (hereinafter referred to as the “Guaranty”), made to be effective the 9th day of March, 2022, by DAVID SOBELMAN, an individual (the “Individual Guarantor”), and Generation Income Properties, L.P., a Delaware limited partnership (the “Entity Guarantor,” who together with the Individual Guarantor may be referred to herein as a “Guarantor” and collectively, the “Guarantors”), to AMERICAN MOMENTUM BANK (the “Lender”).

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ASSIGNMENT AND ASSUMPTION OF LEASE, SECURITY DEPOSITS AND GUARANTY
Assignment and Assumption of Lease • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts

THIS ASSIGNMENT AND ASSUMPTION OF LEASE, SECURITY DEPOSITS AND GUARANTY (“Assignment”) is made and entered into as of the 9 day of March, 2022, by and between NSHE BASSETT, LLC, an Arizona limited liability company (“Assignor”), and GIPAZ 199 NORTH PANTANO ROAD, LLC, a Delaware limited liability company (“Assignee”).

ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
Assignment and Assumption • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts

THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (“Assignment”) is made and entered into, effective as of February 23, 2022, by and between GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (“Assignor”), and GIPAZ 199 NORTH PANTANO ROAD, LLC, a Delaware limited liability company (“Assignee”).

PROMISSORY NOTE
Promissory Note • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
LOAN AGREEMENT
Loan Agreement • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida

THIS LOAN AGREEMENT (the “Agreement”) is made as of March 9th, 2022, by and between GIPAZ 199 North Pantano Road, LLC, a Delaware limited liability company (the “Borrower”), whose address is 401 E. Jackson Street, Suite 3300, Tampa, Florida 33602, and AMERICAN MOMENTUM BANK (the “Lender”), whose address is 4830 W. Kennedy Boulevard, Suite 200, Tampa, Florida 33609.

SUBLEASE
Agreement • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Arizona

THIS SUBLEASE (“Lease”) is made and entered into as of the 30 day of January, 2003, by and between CONTINENTAL 34 FUND LIMITED PARTNERSHIP, a Wisconsin limited partnership having an office at 10850 W. Park Place, 6th Floor, Milwaukee, Wisconsin 53224 (hereinafter called “Landlord”) and KOHL’S DEPARTMENT STORES, INC., a Delaware corporation, having an office at N56 W17000 Ridgewood Drive, Menomonee Falls, Wisconsin 53051 (hereinafter called “Tenant”).

PURCHASE AND SALE AGREEMENT BETWEEN NSHE BASSETT, LLC, an Arizona limited liability company, as Seller and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership, as Purchaser January 19, 2022
Purchase and Sale Agreement • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Arizona

THIS PURCHASE AND SALE AGREEMENT (the “Agreement”), made and entered into this day of January, 2022, by and between NSHE BASSETT, LLC, an Arizona limited liability company (“Seller”), and GENERATION INCOME PROPERTIES L.P., a Delaware limited partnership (“Purchaser”).

LAND LEASE
Land Lease • May 23rd, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Arizona

This Land Lease (this “Lease”) is made and entered into as of the 30th day of January, 2003, by and between October 23rd Group L.L.C., an Arizona limited liability company (hereinafter referred to as “Landlord”), and NSHE Bassett, LLC, an Arizona limited liability company (hereinafter referred to as “Tenant”).

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