Company: LANDO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001193125-25-059811
Chunk: 39

Company: GLADSTONE LAND Corp
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 39
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 terms of these agreements.

During the fiscal year ended December 31, 2024, we accrued total fees, net of credits, of approximately $8.4 million payable to our
Adviser under the Advisory Agreement and approximately $2.5 million payable to our Administrator under the Administration Agreement. During the fiscal year ended December 31, 2023 we accrued total fees, net of credits, of approximately
$3.2 million payable to our Adviser under the Advisory Agreement and approximately $0.7 million payable to our Administrator under the Administration Agreement.

Mortgage Financing Arrangement Agreement

Gladstone Securities, an affiliated broker dealer that is 100% indirectly owned and controlled by Mr. Gladstone, provides mortgage
financing services to us under a contractual agreement. Pursuant to the agreement, Gladstone Securities acts as our non-exclusive agent to assist us with arranging mortgage financing for properties we own. In
connection with this engagement, Gladstone Securities may from time to time solicit the interest of various commercial real estate lenders or recommend to us third party lenders offering credit products or packages that are responsive to our needs.
We pay Gladstone Securities a financing fee in connection with the services it provides to us for securing mortgage financing on any of our properties. The amount of these financing fees, which are payable upon closing of the financing, are based on
a percentage of the amount of the mortgage, generally ranging from 0.5% to a maximum of 1.0% of the mortgage obtained. The amount of the financing fees may be reduced or eliminated, as determined by us and Gladstone Securities, after taking into
consideration various factors, including, but not limited to, the involvement of any third party brokers and market conditions. Messrs. Gladstone, LiCalsi and Dellafiora serve on the board of managers of Gladstone Securities. Our Board reviews,
approves and ratifies these fees each quarter. During the fiscal years ended December 31, 2024 and 2023, we did not pay any financing fees to Gladstone Securities.

Dealer Manager Agreement

Series E Cumulative Redeemable Preferred Stock

On November 9, 2022, the Company entered into a dealer-manager agreement with Gladstone
Securities (the “Series E Dealer-Manager Agreement”), whereby Gladstone Securities serves as the Company’s exclusive dealer-manager in connection with the Company’s offering of up to 8,000,000 shares of 5.00% Series E Cumulative