Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 117

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 117
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, issue, or matter as to which the person has been adjudged to be liable to the corporation unless a court determines upon
application that such person is nevertheless fairly and reasonably entitled to indemnification.

Unless ordered by a court, the
determination of whether indemnification is proper in a specific case will be determined by (1) the board of directors by a majority vote of a quorum consisting of directors who were not parties to the action or proceeding; (2) if such a
quorum is not obtainable or if obtainable and a majority vote of a quorum of disinterested directors so directs, by independent legal counsel in a written opinion; or (3) by the shareholders.

To the extent that a former or present director or officer of a business corporation has been successful on the merits or otherwise in defense
of a third-party action, derivative action, or corporate action, he or she must be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by him or her in connection therewith.

Pennsylvania law permits a corporation to purchase and maintain insurance for a director, officer or other representative of the corporation
against any liability asserted against him or her, and incurred in his or her capacity as a director, officer or other representative of the corporation or arising out of his or her status as such, whether or not the corporation would have the power
to indemnify him or her against such liability under Pennsylvania law.

The Articles of Incorporation and Bylaws provide that a director
shall, to the maximum extent permitted by Pennsylvania law, have no personal liability or monetary damages for any action taken, or any failure to take any action as a director. The Articles of Incorporation and Bylaws also provide for
indemnification for current and former directors, officers, employees, or agents and representatives of certain other entities serving at the request of the corporation to the fullest extent permitted by Pennsylvania law. The Articles of
Incorporation and Bylaws also permit the advancement of expenses.

Description of the Amended and Restated Partnership Agreement of the Operating Partnership

GLP Capital, L.P., our Operating Partnership, is organized as a Pennsylvania limited partnership. Pursuant to its amended
and restated partnership agreement, as the general partner of the Operating Partnership, GLPI has full, exclusive and complete responsibility and discretion in the management and control of the Operating Partnership and has the power to bind the
Operating Partnership in the act of carrying on the business of the Operating Partnership.

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GLPI may voluntarily withdraw