GENERATION INCOME PROPERTIES, INC. (GIPR) [Rocket]

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Acq. announced

GENERATION INCOME PROPERTIES, INC. (GIPR)

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Date Filed

Type

Description

08/14/2023

8-K

Acquisition/merger/asset purchase announced

Docs:

"RECITALS Buyer desires to purchase the Property from Seller and Seller desires to sell the Property to Buyer, all as more particularly set forth in this Agreement. Subject to the terms and conditions of this Agreement, the closing of the purchase and sale of the Property contemplated herein shall be consummated immediately following the execution of this Agreement by Seller and Buyer. As the context may indicate, references in this Agreement to “Seller” may refer only to the appropriate Selling Entity for a Site. Schedule A attached to this Agreement identifies, for each Site, the Selling Entity, the street address, the Allocated Purchase Price, and certain other information relating to such Site. Capitalized terms not defined elsewhere are used with the meaning given in the ...",
"ARTICLES SUPPLEMENTARY SERIES A REDEEMABLE PREFERRED STOCK Generation Income Properties, Inc., a Maryland corporation , hereby certifies to the State Department of Assessments and Taxation of Maryland that: FIRST: Under a power contained in Section 4.03 of Article IV of the charter of the Corporation , the Board of Directors of the Corporation, by resolutions duly adopted, classified 2,400,000 authorized but unissued shares of preferred stock, par value $0.01 per share, of the Corporation as shares of a series of preferred stock, designated as Series A Redeemable Preferred Stock with the following preferences, rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms and conditions of redemption of the Series A Preferred Stock which,...",
"THIRD AMENDMENTTO THE AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF",
"“Demand Registration” shall have the meaning set forth in Section 2. “Filing Date” means the date of the filing of a Registration Statement pursuant to this Agreement, which shall be not more than 30 days after the Company’s receipt of the Demand Registration, unless extended pursuant to Section 2. “Losses” shall have the meaning set forth in Section 6. “Plan of Distribution” shall have the meaning set forth in Section 2. “Prospectus” means the prospectus included in a Registration Statement , as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the Pr...",
"Valley National Bank GIP13,LLC, a Delaware limited liability company",
"BORROWER AND LENDER EACH HEREBY KNOWINGLY, IRREVOCABLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON THIS NOTE OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE, OR ANY OTHER DOCUMENT EXECUTED IN CONJUNCTION WITH THE TRANSACTIONS CONTEMPLATED HEREUNDER, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT OR ACTION OF ANY PARTY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR LENDER TO MAKE THE LOAN EVIDENCED BY THIS NOTE. [SIGNATURE ON FOLLOWING PAGE] 5 [Signature Page to Promissory Note] Borrower has executed this Note as of the date first written above. GIP13, LLC, a Delaware limited liability company /s/ David Sobelman David E. Sobelman, its President This Note was executed by Borrower and delivered to Lender outside the S...",
"AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF GIP VB SPE, LLC",
"NOW, THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements hereinafter contained, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Generation Parties and the Assured Party agree as follows. Section 1. Background Statement. Definitions and References. The Background Statement is true and correct in all respects and incorporated into this Agreement in its entirety. The following terms, as used in this Agreement, have the following meanings and references: 1 “Action” means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation, citation, summons, subpoena or investigation of ...",
"REDEMPTION AGREEMENT GIPNC 201 ETHERIDGE ROAD, LLC THIS REDEMPTION AGREEMENT by and between GIPNC 201 ETHERIDGE ROAD, LLC, a Delaware limited liability company and Brown Family Enterprises, LLC, a Delaware limited liability company . Unless otherwise defined herein, any capitalized term referred to herein shall have the meaning ascribed to such term in that Limited Liability Company Agreement of the Company entered into November 20, 2020 and amended as of March 1, 2021 . WHEREAS, the Redeemed Member has made the election, pursuant to Section 10.01 of the JV Agreement, for the Company to redeem its entire Membership Interest for the amount set forth below and pursuant and subject to the terms and provisions of this Agreement; and WHEREAS, the Redeemed Member is entering into this Agreement ...",
"REDEMPTION AGREEMENT GIPIL 525 S PERRYVILLE RD, LLC THIS REDEMPTION AGREEMENT by and between GIPIL 525 S PERRYVILLE RD, LLC, a Delaware limited liability company and Richard N. Horrnstrom, an individual . Unless otherwise defined herein, any capitalized term referred to herein shall have the meaning ascribed to such term in that Limited Liability Company Agreement of the Company entered into August 2, 2021 . WHEREAS, the Redeemed Member has made the election, pursuant to Section 10.01 of the JV Agreement, for the Company to redeem its entire Membership Interest for the amount set forth below and pursuant and subject to the terms and provisions of this Agreement; and WHEREAS, the Redeemed Member is entering into this Agreement to undertake and consummate the Redemption on the terms and prov..."