EX-10.1



 Exhibit 10.1 

PURCHASE AGREEMENT 
 This
Purchase Agreement (this “Agreement”), dated as of May 20, 2016, is by and among Gladstone Commercial Corporation, a Maryland corporation (the “Company”), each Purchaser listed under the heading “Direct
Purchasers” on Schedule A (each, a “Direct Purchaser”), each Investment Adviser listed under the heading “Investment Advisers” on the signature pages hereto (each, an “Investment Adviser”) who
is entering into this Agreement on behalf of itself (as to paragraph 4 of this Agreement) and those Purchasers which are a fund or individual or other investment advisory client of such Investment Adviser listed under its respective name on
Schedule B (each, a “Client”), and each Broker-Dealer listed on Schedule C (each, a “Broker-Dealer”) which is entering into this Agreement on behalf of itself (as to paragraph 5 of this Agreement)
and those Purchasers which are customers for which it has power of attorney to sign listed under its respective name on Schedule C (each, a “Customer”). Each of the Customers, Direct Purchasers and Clients are referred to
herein as individually, a “Purchaser” and collectively, the “Purchasers”. 
 WHEREAS, the
Purchasers desire to purchase from the Company (or their Investment Advisers and Broker-Dealers desire to purchase on their behalf from the Company), and the Company desires to issue and sell to the Purchasers up to an aggregate of 1,200,000 shares
(such number of shares actually sold pursuant to this Agreement, the “Securities”) of the Company’s 7.00% Series D Cumulative Redeemable Preferred Stock, par value $0.001 per share, having a liquidation preference equivalent to
$25.00 per share (the “Series D Preferred Stock”), with the number of Securities acquired by each Purchaser set forth opposite the name of such Purchaser on Schedule A, Schedule B or Schedule C, as the case may
be. 
 NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties hereto agree as follows: 

1. Purchase and Sale. Subject to the terms and conditions hereof, the Investment Advisers and the Broker-Dealers (on behalf of
Purchasers which are Clients and Customers, respectively) and the other Purchasers hereby severally and not jointly agree to purchase from the Company, and the Company agrees to issue and sell to the several Purchasers, the number of Securities set
forth next to such Purchaser’s name on Schedule A, Schedule B or Schedule C, as the case may be, at a price per share of $25.00, including accrued dividends from May 25, 2016, for an aggregate purchase amount in
an amount as set forth on Schedule D hereof (the “Purchase Price”) at the Closing (as defined below). 
 2.
Representations and Warranties of Purchasers. Each Purchaser represents and warrants with respect to itself that: 

(a) Due Authorization. Such Purchaser has full power and authority to enter into this Agreement and is duly authorized
to purchase the Securities in the amount set forth opposite its name on Schedule A, Schedule B or Schedule C, as the case may be. This Agreement has been duly authorized by such Purchaser and duly executed and delivered by or on
behalf of such Purchaser. This Agreement constitutes a legal, valid and binding agreement of such Purchaser, enforceable against such Purchaser in accordance 







 
with its terms except as may be limited by (i) the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights or remedies of
creditors or (ii) the effect of general principles of equity, whether enforcement is considered in a proceeding in equity or at law and the discretion of the court before which any proceeding therefor may be brought (the “Enforceability
Exceptions”). 
 (b) Prospectus and Prospectus Supplement. Such Purchaser has received a copy of the
Company’s Basic Prospectus dated February 1, 2016 and Prospectus Supplement dated May 20, 2016 (each as defined below). 

(c) Independent Investment Decision. Such Purchaser has made its investment decision independently and not as a
result of a recommendation of the Placement Agent. 
 (d) Ownership of Excess Shares of Capital Stock. As of the date
hereof and after giving effect to the transaction contemplated hereby, such Purchaser, together with its subsidiaries and affiliates, does not own directly or indirectly more than 9.8% of the issued and outstanding capital stock of the Company.
Purchaser expressly acknowledges that the provisions of the Company’s Articles of Incorporation, as amended or supplemented (the “Charter”), contain limitations on the Purchaser’s ownership of the Company’s capital
stock, which, among other things, prohibit the direct or indirect ownership by Purchaser (together with its subsidiaries and affiliates) of more than 9.8% of the Company’s outstanding capital stock and, in the event the shares of capital stock
acquired by Purchaser pursuant to this Agreement or otherwise exceed such limits, give the Company certain repurchase rights on the terms set forth in the Company’s Charter and result in the conversion of certain shares of capital stock held by
the Purchaser into excess stock which will be held for the benefit of a charitable beneficiary on the terms set forth in the Company’s Charter. 

3. Representations and Warranties of the Company. The Company represents and warrants that: 

(a) The Company meets the requirements for use of Form S-3 under the Securities Act of 1933, as amended (the
“Act”) and meets the requirements pursuant to the standards for such Form as (i) are in effect on the date hereof and (ii) were in effect immediately prior to October 21, 1992. The Company’s Registration
Statement (as defined below) was declared effective by the SEC (as defined below) and the Company has filed such post effective amendments thereto as may be required under applicable law prior to the execution of this Agreement and each such
post-effective amendment became effective. The SEC has not issued, nor to the Company’s knowledge, has the SEC threatened to issue or intends to issue, a stop order with respect to the Registration Statement, nor has it otherwise suspended or
withdrawn the effectiveness of the Registration Statement or, to the Company’s knowledge, threatened to do so, either temporarily or permanently, nor, to the Company’s knowledge, does it intend to do so. On the effective date, the
Registration Statement complied in all material respects with the requirements of the Act and the rules and regulations promulgated under the Act (the “Regulations”); at the effective date the Basic Prospectus (as defined below)
complied, and at the Closing the Prospectus (as defined below) will comply, in all material respects with the requirements of the Act 

  
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and the Regulations; each of the Basic Prospectus and the Prospectus; as of its date and at the Closing Date did not, does not and will not contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that the representations and warranties in this subsection shall not apply to statements in or
omissions from the Prospectus made in reliance upon and in conformity with information furnished to the Company in writing by or on behalf of any of the Purchasers, CSCA Capital Advisors, LLC, in its capacity as placement agent (“Placement
Agent”), any Investment Advisers or Broker-Dealers, or any of their respective affiliates, expressly for use in the Prospectus. As used in this Agreement, the term “Registration Statement” means the shelf registration
statement on Form S-3 (File No. 333-208953) as declared effective by the Securities and Exchange Commission (the “SEC”), including exhibits, financial statements, schedules and documents incorporated by reference therein. The
term “Basic Prospectus” means the prospectus included in the Registration Statement, as amended, or as supplemented. The term “Prospectus Supplement” means the prospectus supplement specifically relating to the
Securities to be filed with the SEC pursuant to Rule 424 under the Act in connection with the sale of the Securities hereunder. The term “Prospectus” means the Basic Prospectus and the Prospectus Supplement taken together. The term
“Preliminary Prospectus” means any preliminary form of Prospectus Supplement used in connection with the marketing of the Securities. Any reference in this Agreement to the Registration Statement, the Prospectus or any Preliminary
Prospectus shall be deemed to refer to and include the documents incorporated by reference therein as of the date hereof or the date of the Prospectus or any Preliminary Prospectus as the case may be, and any reference herein to any amendment or
supplement to the Registration Statement, the Prospectus or any Preliminary Prospectus shall be deemed to refer to and include any documents filed after the date of such documents and through the date of such amendment or supplement under the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and so incorporated by reference. 
 (b)
Since the date as of which information is given in the Registration Statement and the Prospectus, except as otherwise stated therein, (i) there has been no material adverse change or any development which could reasonably be expected to give
rise to a prospective material adverse change in or affecting the condition, financial or otherwise, or in the earnings, business affairs or, to the Company’s knowledge, business prospects of the Company and the subsidiaries of the Company, if
any (the “Subsidiaries”), considered as one enterprise, whether or not arising in the ordinary course of business, (ii) there have been no transactions entered into by the Company or any of its Subsidiaries, other than those in
the ordinary course of business, which are material with respect to the Company and its Subsidiaries considered as one enterprise, and (iii) other than regular quarterly dividends, there has been no dividend or distribution of any kind
declared, paid or made by the Company on any class of its shares of equity securities. 
 (c) The Company has been duly
organized as a corporation and is validly existing in good standing under the laws of the State of Maryland. Each of the Subsidiaries of the Company has been duly organized and is validly existing in good standing under the laws of its jurisdiction
of organization. Each of the Company and its Subsidiaries has the required power and authority to own and lease its properties and to conduct its business 

  
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as described in the Prospectus; and each of the Company and its Subsidiaries is duly qualified to transact business in each jurisdiction in which such qualification is required, whether by reason
of the ownership or leasing of property or the conduct of business, except where the failure to so qualify would not have a material adverse effect on the condition, financial or otherwise, or the earnings, business affairs or, to the Company’s
knowledge, business prospects of the Company and its Subsidiaries considered as one enterprise. 
 (d) As of the date hereof,
the authorized capital stock of the Company consists of 38,500,000 shares of Common Stock, par value $0.001 per share (the “Common Stock”), 4,450,000 shares of Senior Common Stock, par value $0.001 per share (the “Senior
Common Stock”), 2,600,000 shares of Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), 2,750,000 shares of Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred
Stock”) and 1,700,000 shares of Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock,” together with the Series A Preferred Stock and the Series B Preferred Stock, the “Preferred
Stock,” and, collectively, the “Capital Stock”), of which 22,613,352 shares of Common Stock, 959,552 shares of Senior Common Stock, 1,000,000 shares of the Series A Preferred Stock, 1,264,000 shares of Series B Preferred
Stock and 1,540,000 shares of Series C Preferred Stock are issued and outstanding and 15,886,648 shares of Common Stock, 1,600,000 shares of Series A Preferred Stock, 1,486,000 shares of Series B Preferred Stock, 160,000 shares of Series C Preferred
Stock and 3,490,448 shares of Senior Common Stock are authorized and unissued (without giving effect to any Securities issued or to be issued as contemplated by this Agreement or any reclassification of any shares of Common Stock into Shares of
Series D Preferred Stock in connection with the transaction contemplated by this Agreement). As of the Closing Date (after giving effect to the filing and effectiveness of the Articles Supplementary as contemplated by Section 8 hereof), the
authorized Capital Stock of the Company will consist of 32,500,000 shares of Common Stock, 4,450,000 shares of Senior Common Stock, 2,600,000 shares of Series A Preferred Stock, 2,750,000 shares of Series B Preferred Stock, 1,700,000 shares of
Series C Preferred Stock and 6,000,000 shares of Series D Preferred Stock, of which 22,613,352 shares of Common Stock, 959,552 shares of Senior Common Stock, 1,000,000 shares of Series A Preferred Stock, 1,264,000 shares of Series B Preferred Stock,
1,540,000 shares of Series C Preferred Stock and 1,043,725 shares of Series D Preferred Stock will be issued and outstanding and 9,886,648 shares of Common Stock, 3,490,448 shares of Senior Common Stock, 1,600,000 shares of Series A Preferred Stock,
1,486,000 shares of Series B Preferred Stock, 160,000 shares of Series C Preferred Stock and 4,800,000 shares of Series D Preferred Stock will be authorized and unissued. The issued and outstanding shares of the Company have been duly authorized and
validly issued and are fully paid and non-assessable; the Shares have been duly authorized, and when issued in accordance with the terms of the Charter (after giving effect to the filing and effectiveness of the Articles Supplementary as
contemplated by Section 8 hereof) and delivered as contemplated hereby, will be validly issued, fully paid and non-assessable; the Company has applied for approval for the listing of the Series D Preferred Stock on the NASDAQ Global Select
Market and will use its best efforts to effect such listing within the time period specified in the Prospectus; the Senior Common Stock, the Series A Preferred Stock, the Series B Preferred Stock, the Series C Preferred Stock and the Series D
Preferred Stock of the Company conform to all statements relating thereto contained in the Prospectus; and the issuance of the Securities is not subject to preemptive or other similar rights. 

  
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 (e) Neither the Company nor any of its Subsidiaries is in violation of its
organizational documents or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any material contract, indenture, mortgage, loan agreement, note, lease or other instrument or agreement to
which the Company or any of its Subsidiaries is a party or by which it or any of them are bound, or to which any of the property or assets of the Company or any of its Subsidiaries is subject, except where such violation or default would not have a
material adverse effect on the condition, financial or otherwise, or the earnings, business affairs or, to the Company’s knowledge, business prospects of the Company and its Subsidiaries considered as one enterprise; and the execution, delivery
and performance of this Agreement, and the issuance and delivery of the Securities and the consummation of the transactions contemplated herein have been duly authorized by all necessary action and will not conflict with or constitute a material
breach of, or material default under, or result in the creation or imposition of any lien, charge or encumbrance upon any material property or assets of the Company or any of its Subsidiaries pursuant to, any material contract, indenture, mortgage,
loan agreement, note, lease or other instrument or agreement to which the Company or any of its Subsidiaries is a party or by which it or any of them are bound, or to which any of the property or assets of the Company or any of its Subsidiaries is
subject, nor will any such action result in any violation of the provisions of the Charter, by-laws or other organizational documents of the Company or any of its Subsidiaries or any law, administrative regulation or administrative or court decree
applicable to the Company. 
 (f) The Company is organized in conformity with the requirements for qualification and, as of
the date hereof and as of the Closing, operates in a manner that qualifies it as a “real estate investment trust” under the Internal Revenue Code of 1986, as amended, and the rules and regulations thereunder and will be so qualified after
giving effect to the sale of the Securities. 
 (g) Neither the Company nor its Subsidiaries are required to be registered
under the Investment Company Act of 1940, as amended. 
 (h) No legal or governmental proceedings are pending to which the
Company or any of its Subsidiaries is a party or to which the property of the Company or any of its Subsidiaries is subject that are required to be described in the Registration Statement or the Prospectus and are not described therein, and to the
knowledge of the Company, no such proceedings have been threatened against the Company or any of its Subsidiaries or with respect to any of their respective properties that are required to be described in the Registration Statement or the Prospectus
and are not described therein. 
 (i) No authorization, approval or consent of or filing with any court or United States
federal or state governmental authority or agency is necessary in connection with the sale of the Securities hereunder except for the filing and effectiveness of the Articles Supplementary as contemplated by Section 8 hereof and except such as
may be required under the Act or the Regulations or state securities laws or real estate syndication laws. 

  
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 (j) The Company and its Subsidiaries possess such certificates, authorities or
permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct the business now conducted by them, except where the failure to possess such certificates, authority or permits would not have a material
adverse effect on the condition, financial or otherwise, or the earnings, business affairs or, to the Company’s knowledge, business prospects of the Company and its Subsidiaries considered as one enterprise. Neither the Company nor any of its
Subsidiaries has received any notice of proceedings relating to the revocation or modification of any such certificate, authority or permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would
materially and adversely affect the condition, financial or otherwise, or the earnings, business affairs or, to the Company’s knowledge, business prospects of the Company and its Subsidiaries considered as one enterprise, nor, to the knowledge
of the Company, are any such proceedings threatened or contemplated. 
 (k) The Company has full power and authority to enter
into this Agreement, and this Agreement has been duly authorized, executed and delivered by the Company and constitutes a legal, valid and binding agreement of the Company, enforceable against the Company in accordance with its terms except as may
be limited by the Enforceability Exceptions. 
 (l) As of the dates set forth therein or incorporated by reference, the
Company had good and marketable title to all of the properties and assets reflected in the audited financial statements contained in the Prospectus, subject to no lien, mortgage, pledge or encumbrance of any kind except (i) those reflected in
such financial statements, (ii) as are otherwise described in the Prospectus, (iii) as do not materially adversely affect the value of such property or interests or interfere with the use made or proposed to be made of such property or
interests by the Company and each of its Subsidiaries or (iv) those which constitute customary provisions of mortgage loans secured by the Company’s properties creating obligations of the Company with respect to proceeds of the properties,
environmental liabilities and other customary protections for the mortgagees. 
 (m) Neither the issuance, sale and delivery
of the Securities nor the application of the proceeds thereof by the Company as described in the Prospectus will cause the Company to violate or be in violation of Regulation T, U or X of the Board of Governors of the Federal Reserve System or any
other regulation of such Board of Governors. 
 (n) The statements set forth in the Basic Prospectus under the caption
“Description of Capital Stock—Preferred Stock” and the statements set forth in the Prospectus Supplement under the caption “Description of Series D Preferred Stock” in so far as such statements purport to summarize
provisions of laws or documents referred to therein, are correct in all material respects and fairly present the information required to be presented therein. 

  
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 4. Representations and Warranties of the Investment Advisers. To induce the Company to
enter into this Agreement, each of the Investment Advisers hereby represents and warrants as to itself only that: 
 (a) It
is an investment adviser duly registered with the SEC under the Investment Advisers Act of 1940, as amended. 
 (b) It has
been duly authorized to act as investment adviser on behalf of each Client on whose behalf it is signing this Agreement (as identified under the name of such Investment Adviser on Schedule B hereto) and has the sole authority to make the
investment decision to purchase Securities hereunder on behalf of such Client. An investment in the Series D Preferred Stock is a suitable investment for each Client. 

(c) It has the power and authority to enter into and execute this Agreement on behalf of each of the Clients listed under its
name on Schedule B hereto. 
 (d) This Agreement has been duly authorized, executed and delivered by it and, assuming
it has been duly authorized, executed and delivered by the Company, constitutes a legal, valid and binding agreement of such Investment Adviser, enforceable against it in accordance with its terms except as may be limited by the Enforceability
Exceptions. 
 (e) It has received a copy of the Company’s Basic Prospectus dated February 1, 2016 and Prospectus
Supplement dated May 16, 2016. 
 5. Representations and Warranties of the Broker-Dealers. To induce the Company to enter into
this Agreement, each Broker-Dealer represents and warrants as to itself only that: 
 (a) It is duly registered and in good
standing as a broker-dealer under the Exchange Act and is licensed or otherwise qualified to do business as a broker-dealer with the National Association of Securities Dealers, Inc. and in all States in which it will offer any Securities pursuant to
this Agreement. 
 (b) Assuming the Prospectus complies with all relevant provisions of the Act in connection with the offer
and sales of Series D Preferred Stock, each Broker-Dealer will conduct all offers and sales of Series D Preferred Stock in compliance with the Act, the Exchange Act and all rules and regulations promulgated thereunder. 

(c) It has delivered a copy of the Prospectus to each Purchaser set forth under its name on Schedule C hereto. 

(d) It is authorized to execute and deliver this Agreement on behalf of each Customer on whose behalf it is signing this
Agreement (as identified under the name of such Broker-Dealer on Schedule C hereto) and such power has not been revoked. 

(e) This Agreement has been duly authorized, executed and delivered by it and, assuming it has been duly authorized, executed
and delivered by the Company, constitutes a legal, valid and binding agreement of such Broker-Dealer, enforceable against it in accordance with its terms except as may be limited by the Enforceability Exceptions. 

  
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 6. Conditions to Obligations of the Parties. 

(a) The Purchasers’ several obligations to purchase the Securities shall be subject to the following conditions having been met: 

(i) the representations and warranties set forth in Section 3 of this Agreement shall be true and correct with the same
force and effect as though expressly made at and as of the Closing, 
 (ii) the Placement Agent shall have received an
opinion from Venable LLP, Maryland counsel to the Company, dated as of the date of the Closing, addressed to the Placement Agent and the Direct Purchasers, Investment Advisers and Broker-Dealers who sign this Agreement substantially in the form
attached hereto as Exhibit A, 
 (iii) the Placement Agent shall have received one or more opinions from Bass,
Berry & Sims PLC, special securities counsel to the Company, dated as of the date of the Closing, addressed to the Placement Agent and the Direct Purchasers, Investment Advisers and Broker-Dealers who sign this Agreement substantially in
the form attached hereto as Exhibit B, 
 (iv) the Placement Agent shall have received a comfort letter from
PricewaterhouseCoopers LLP, dated as of the Closing, substantially in the form attached hereto as Exhibit C, 
 (v)
The Articles Supplementary contemplated by Section 8 hereof shall have been filed and become effective, and 
 (vi) on
the Closing Date, the Company shall have delivered to the Placement Agent a certificate of the Chief Executive Officer and Chief Financial Officer of the Company, dated as of the Closing Date, setting forth that each of the representations and
warranties contained in this Agreement shall be true on and as of the Closing Date as if made as of the Closing Date and each of the conditions and covenants contained herein shall have been complied with to the extent compliance is required prior
to Closing, and shall have delivered such other customary certificates as the Placement Agent shall have reasonably requested. 
 (b) The
Company’s obligation to issue and sell the Securities shall be subject to the following conditions having been met: 

(i) the representations and warranties set forth in Sections 2, 4 and 5 of this Agreement shall be true and correct with the
same force and effect as though expressly made at and as of the Closing and 
 (ii) the Settlement Agent (as defined below)
shall have received payment in full for the Purchase Price for the Securities by federal wire of immediately available funds, in an amount not less than the aggregate amount of $24 million prior to the payment of fees and expenses. 

  
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 7. Closing. Provided that the conditions set forth in Section 6 hereto and the last
sentence of this Section 7 have been met or waived at such time, the transactions contemplated hereby shall be consummated on May 25, 2016, or at such other time and date as the parties hereto shall agree (each such time and date of
payment and delivery being herein called the “Closing”). At the Closing, settlement shall occur through Weeden & Co. LP (the “Settlement Agent”), or an affiliate thereof, on a delivery versus payment basis
through the DTC ID System. 
 8. Covenants. The Company hereby covenants and agrees that (i) subject to all Purchasers
consummating the purchase of the Securities at the Closing, the Company will use the proceeds of the offering contemplated hereby as set forth under the caption “Use of Proceeds” in the Prospectus Supplement and (ii) prior to the
Closing, the Company will file articles supplementary to reflect the reclassification and designation of 6,000,000 shares of Common Stock into shares of Series D Preferred Stock (the “Articles Supplementary”) with the State
Department of Assessments and Taxation of Maryland, and will cause the Articles Supplementary to become effective prior to the Closing. 

9. Termination. This Agreement may be terminated, and the transactions contemplated hereby may be abandoned, by written notice promptly
given to the other parties hereto, at any time prior to the Closing by the Company, on the one hand, or if the Closing shall not have occurred on or prior to June 30, 2016 by any Purchaser on the other; provided that the Company or such
Purchaser, as the case may be, shall not be entitled to terminate this Agreement pursuant to this Section 9 if the failure of Closing to occur on or prior to such dates results primarily from such party itself having materially breached any
representation, warranty or covenant contained in this Agreement. 
 10. Notices. Except as otherwise herein provided, all
statements, requests, notices and agreements shall be in writing and, if to the Purchasers, shall be sufficient in all respects if delivered or sent by facsimile to (212) 446-9181 or by certified mail to CSCA Capital Advisors, LLC, 800 Third
Avenue, 25th Floor, New York, NY, 10022, Attention: Bradley Razook, and, if to the Company, shall be sufficient in all respects if delivered or sent to the Company by facsimile to
(703) 287-5854 or by certified mail to the Company at 1521 Westbranch Drive, Suite 100, McLean, Virginia 22102, Attention: Danielle Jones, Chief Financial Officer. 

11. Governing Law. This Agreement shall be construed in accordance with and governed by the substantive laws of the State of New York,
without regard to conflict of laws principles. 
 12. Entire Agreement. This Agreement constitutes the entire agreement between the
parties hereto with respect to the subject matter hereof and may be amended only in a writing that is executed by each of the parties hereto. 

13. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all
of which together shall be deemed to be the same Agreement. Executed counterparts may be delivered by facsimile. 

  
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 14. Construction. When used herein, the phrase “to the knowledge of” the Company
or “known to” the Company or any similar phrase means the actual knowledge of the Chief Executive Officer or the Chief Financial Officer of the Company and includes the knowledge that such officers would have obtained of the matter
represented after reasonable due and diligent inquiry of those employees of the Company whom such officers reasonably believe would have actual knowledge of the matters represented. 

15. Free Writing Prospectus Legend. The Company has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering.
You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Company or CSCA Capital Advisors, LLC will arrange to send you the prospectus if you request it by calling (212) 446-9177. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Purchase Agreement to be executed
and delivered as of the date first above written. 
  

			
	GLADSTONE COMMERCIAL CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:









 
			
	DIRECT PURCHASERS
	
	[                    ]
		
	By:	 	 
		 	Name: [                    ]
		 	Title:   [                    ]









 
			
	INVESTMENT ADVISERS
	
	[                    ] on behalf of itself (solely with respect to Section 4) and each Client set forth under its
name on Schedule B
		
	By:	 	 
		 	Name: [                    ]
		 	Title:   [                    ]









 
			
	CUSTOMERS
	
	Each of the Several persons or entities listed under the heading “Account Name” on Attachment
[                        ] to Schedule C hereto
		
	By:	 	[                    ], as agent and attorney-in-fact
		
	By:	 	 
		 	Name:
		 	Title:
	
	[                    ] on behalf of itself and solely with respect to Section 5
		
	By:	 	 
		 	Name:
		 	Title:









 SCHEDULE A 
  

			
	NAME OF DIRECT PURCHASERS	  	            NUMBER OF SHARES
		
	
            [       
             ]
	  	                        [              
       ]

 Schedule A - Page 1 







 SCHEDULE B 
  

			
	NAME OF INVESTMENT ADVISER	  	                NUMBER OF SHARES
		
	
[                   
 ]
	  	
		
	            CLIENTS	  	
		
	            [                    ]	  	

 Schedule B - Page 1 







 SCHEDULE C 
  

			
	NAME OF BROKER DEALER:	  	NUMBER OF SHARES
		
	            [                    ]	  	
		
	 Customers for whom it is signing this Agreement as agent and attorney-in-fact:

 
	  	The amount set forth opposite such name on Attachment [    ] to Schedule C hereto under the heading “Amount” (in the aggregate
[                    ])
	Each of the several persons or entities set forth under the heading “Account Name” on Attachment [    ] to Schedule C hereto	  

 Schedule C - Page 1 







 SCHEDULE D 

Aggregate Purchase Amount 
  

			
	 	  	 
	 	  	 
	 	  	 
	 	  	 
	 	  	 
	 	  	 
	 	  	 
	 	  	 
	 	  	 

 Schedule D - Page 1