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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 27, 2025

 

GENERATION INCOME PROPERTIES, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

Maryland

 

001-40771

 

47-4427295

(State or Other Jurisdiction of

Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

 

 

 

 

401 East Jackson Street, Suite 3300

Tampa, Florida

 

33602

 

 

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (813)-448-1234

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.01 per share

 

 

GIPR

 

The Nasdaq Stock Market LLC

Warrants to purchase Common Stock

 

GIPRW

 

The Nasdaq Stock Market LLC

 

 

 

DOCPROPERTY DOCXDOCID DMS=NetDocuments Format=<<ID>>.<<VER>> \* MERGEFORMAT 4859-6899-9379.2


 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

DOCPROPERTY DOCXDOCID DMS=NetDocuments Format=<<ID>>.<<VER>> \* MERGEFORMAT 4859-6899-9379.2


 

Item 1.01. Entry into a Material Definitive Agreement.

 

Agreements with Brown Family Enterprises LLC

 

On October 27, 2025, Generation Income Properties L.P. (the “Company"), entered into a First Amendment to Secured Promissory Note (the “Note”) with Brown Family Enterprises LLC (the "Holder"). The Company and the Holder agreed to extend the Maturity Date of the Note to December 15, 2025.

 

 

The foregoing descriptions of the First Amendment to Secured Promissory Note do not purport to be complete and are subject to, and qualified in their entirety by reference to, the full text of the First Amendment to Secured Promissory Note, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

 

 

 

(d)
Exhibits.

 

Exhibit

No.

 

Description

 

 

 

10.1

 

First Amendment to Secured Promissory Note.

 

 

 

 

104

 

 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

Forward-Looking Statements

 

This Current Report on Form 8-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainty. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Such statements are based on management’s current expectations and are subject to a number of risks and uncertainties, many of which are beyond management’s control, that could cause actual results to differ materially from those described in the forward-looking statements, as well as risks relating to general economic conditions, market conditions, interest rates, and other factors. Investors are cautioned that there can be no assurance actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors. Please refer to the risks detailed from time to time in the reports we file with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC, as well as other filings on Form 10-Q and periodic filings on Form 8-K, for additional factors that could cause actual results to differ materially from those stated or implied by such forward-looking statements. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.

1

 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

GENERATION INCOME PROPERTIES, INC.

 

 

 

Date: October 31, 2025

 

By:

 

  /s/ David Sobelman

 

 

 

 

David Sobelman

 

 

 

 

Chief Executive Officer

2

 


EX-10.1 2 gipr-ex10_1.htm EX-10.1 EX-10.1

 

FIRST AMENDMENT TO SECURED PROMISSORY NOTE

THIS FIRST AMENDMENT TO SECURED PROMISSORY NOTE (this “First Amendment”) is

made and entered into effective as of October 27 , 2025 by and between Generation Income Properties, L.P,

 

a Delaware limited partnership (the “Company”), and Brown Family Enterprises LLC, a Delaware limited liability company (“Holder”).

RECITALS

WHEREAS, Holder is the owner and holder of that certain Secured Promissory Note dated as of April 25, 2025 and executed by the Company in favor of Holder in the original principal amount of

$1,000,000 (the “Note”); and

WHEREAS, Holder has agreed to amend the Note as set forth herein and on the terms and conditions contained in this First Amendment.

NOW, THEREFORE, BE IT RESOLVED, in consideration of premises, the mutual promises hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Holder, intending to be legally bound hereby, agree as follows:

 

AGREEMENT

 

1.
Recitals. The foregoing recitals are hereby incorporated into this First Amendment and expressly made a part hereof.
2.
Amendments.

 

a.
The definition of “Maturity Date” in Section 1 of the Note is hereby replaced, in its entirety, with the following:

 

“Maturity Date” means Monday, December 15, 2025.

 

b.
In connection with the extension of the Maturity Date of the Note, Section 2.3 is hereby added to the Note:

“2.3 Extension Fee. The Company agrees to pay Holder an extension fee in the amount of

twenty thousand dollars ($20,000) on the Maturity Date.”

3.
Ratification. Except as explicitly and specifically amended by this First Amendment, all terms and conditions of the Note shall remain in full force and effect. This First Amendment does not constitute repayment, cancellation or a novation of the Note.

 

4.
Binding Agreement. The terms and conditions of this First Amendment shall be binding upon the parties hereto and their respective successors and permitted assigns and shall inure to the benefit of and be enforceable by each of the parties hereto and their respective successors and permitted assigns.
5.
Counterparts. This First Amendment may be executed in counterparts, each of which when so executed and delivered shall deemed an original, but all such counterparts taken together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com)

 


 

or other transmission method, and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

6.
Severability. The illegality or unenforceability of any provision of this First Amendment or any instrument or agreement required hereunder shall not in any way affect or impair the legality or enforceability of the remaining provisions of this First Amendment or any instrument or agreement required hereunder.

 

7.
Conflict. In the event of a conflict between the terms and provisions of this First Amendment and the terms and provisions of the Note, the terms and provisions of this First Amendment shall be controlling.
8.
Headings. The headings or captions of sections and paragraphs in this First Amendment are for reference only, do not define or limit the provisions of such sections or paragraphs, and shall not affect the interpretation of this First Amendment.

 

 

[Signature Page Follows.]

 


 

IN WITNESS WHEREOF, this First Amendment has been executed by the undersigned as of the date and year first above written.

COMPANY:

 

GENERATION INCOME PROPERTIES, L.P.

 

By: Name: David Sobelman

Title: Chief Executive Officer

 

Address: 401 E Jackson Street, Suite 3300 Tampa, FL 33602

Email Address: ds@gipreit.com

 

 

HOLDER:

BROWN FAMILY ENTERPRISES LLC

 

 

 

By: Christian Brown

Christian Brown (Oct 23, 2025 21:41:54 EDT)

Name: Christian Brown Title: Manager

Address: 15911 Beacon Shores Street Tampa, FL 33616

Email Address: Christian.h.g.brown@gmail.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

[Signature Page to First Amendment to Secured Promissory Note]

 


 

GIPR - First Amendment to Secured Promissory Note (Brown Family Enterprises) (1)

 

Created:

By: Status:

2025-10-24

Emily Cusmano (ecusmano@gipreit.com) Signed

Transaction ID:

CBJCHBCAABAAo68kelQ2q5bzpXHu7rm04fC3mtyDukfyFinal Audit Report 2025-10-27

 

 

 

 

 

 

"GIPR - First Amendment to Secured Promissory Note (Brown F amily Enterprises) (1)" History

img18421824_0.jpg Document created by Emily Cusmano (ecusmano@gipreit.com)

2025-10-24 - 0:35:09 AM GMT

 

img18421824_1.jpg Document emailed to David Sobelman (ds@gipreit.com) for signature

2025-10-24 - 0:35:14 AM GMT

 

img18421824_2.jpg Document emailed to Christian Brown (christian.h.g.brown@gmail.com) for signature

2025-10-24 - 0:35:14 AM GMT

 

img18421824_3.jpg Email viewed by Christian Brown (christian.h.g.brown@gmail.com)

2025-10-24 - 1:41:37 AM GMT

 

img18421824_4.jpg Document e-signed by Christian Brown (christian.h.g.brown@gmail.com)

Signature Date: 2025-10-24 - 1:41:54 AM GMT - Time Source: server

 

img18421824_5.jpg Email viewed by David Sobelman (ds@gipreit.com)

2025-10-27 - 7:27:35 PM GMT

 

img18421824_6.jpg Document e-signed by David Sobelman (ds@gipreit.com)

Signature Date: 2025-10-27 - 7:28:00 PM GMT - Time Source: server

 

img18421824_7.jpg Agreement completed.

2025-10-27 - 7:28:00 PM GMT

 


 

 

 

 

 

 

 

 

img18421824_8.jpg