Commercial Business Loan Agreement and Promissory Note

Generation Income Properties, Inc. (the Company), through its indirect subsidiaries LMB Auburn Hills I, LLC and LMB Lewiston, LLC, has entered into a Commercial Business Loan Agreement with Hancock Whitney Bank. The agreement, dated May 1, 2026, involves a term loan of $3,800,000. The proceeds are intended to refinance existing mortgage indebtedness on two properties: one located at 3815 South Orlando Drive, Sanford, Florida, and the other at 5780 East Waterlevel Highway, Cleveland, Tennessee. The loan carries a fixed interest rate of 5.70% per annum and requires monthly payments of principal and interest starting June 1, 2026, with a final payment due on May 1, 2031. The loan is secured by first priority mortgages/deeds of trust on the two properties, along with assignments of rents and leases. Borrowers are required to maintain a minimum debt service coverage ratio of 1.15 to 1.00 annually. The agreement includes customary events of default. The Company, GIPFL 3815 South Orlando Drive, LLC, and GIPTN 5780 Waterlevel Highway East, LLC have provided continuing guaranties for the loan.