EQUITY OFFERING SALES AGREEMENTEquity Offering Sales Agreement • May 10th, 2017 • One Liberty Properties Inc • Real estate investment trusts • New York
One Liberty Properties, Inc., a Maryland corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell from time to time to or through Deutsche Bank Securities Inc., as sales agent and/or principal (the “Agent”), shares (the “Shares”) of the Company’s common stock, $1.00 par value per share (the “Common Stock”), having an aggregate gross sales price of up to $50,000,000 on the terms set forth in Section 2 of this Equity Offering Sales Agreement (this “Agreement”). The Company agrees that whenever it determines to sell Shares directly to the Agent as principal, it will enter into a separate agreement (each, a “Terms Agreement”) in substantially the form of Annex I hereto, relating to such sale in accordance with Section 2 of this Agreement.
