Document:

WELLS FARGO & COMPANY 8-K

 

 Exhibit
4.1

 

[Face
of Note]

 

Unless
this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”),
to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the
name of Cede & Co. or in such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.

	CUSIP
NO. 95001HDJ7	FACE AMOUNT: $__________

REGISTERED
NO. ___

 

 

WELLS
FARGO FINANCE LLC

 

MEDIUM-TERM
NOTE, SERIES A

Fully
and Unconditionally Guaranteed by Wells Fargo & Company

 

Principal
at Risk Securities Linked to the S&P 500® Index

due June 23, 2022

 

WELLS
FARGO FINANCE LLC, a limited liability company duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under and as defined in the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the
Maturity Payment Amount (as defined below), in such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts, on the Stated Maturity Date. The “Initial Stated Maturity Date”
shall be June 23, 2022. If the Calculation Day (as defined below) is not postponed, the Initial Stated Maturity Date will be the
“Stated Maturity Date.” If the Calculation Day is postponed, the “Stated Maturity Date”
shall be the later of (i) the Initial Stated Maturity Date and (ii) three Business Days (as defined below) after the
Calculation Day as postponed. This Security shall not bear any interest.

Any
payments on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company
for such purpose. 

“Face
Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this Security as its
“Face Amount.”

    	 	 	 

    	 

    

Determination
of Maturity Payment Amount

The
“Maturity Payment Amount” of this Security will equal:

 

		•	if
                                         the Ending Level is greater than the Starting Level: the Face Amount plus the
                                         lesser of:

 

  

(ii)       the
Maximum Return;

 

		•	if
                                         the Ending Level is less than or equal to the Starting Level, but greater than or equal
                                         to the Threshold Level: the Face Amount; or

 

		•	if
                                         the Ending Level is less than the Threshold Level: the Face Amount minus:

 

 

 

All
calculations with respect to the Maturity Payment Amount will be rounded to the nearest one hundred-thousandth, with five one-millionths
rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Maturity Payment Amount will be rounded to the nearest cent,
with one-half cent rounded upward.

 

“Index”
shall mean the S&P 500® Index.

 

The
“Pricing Date” shall mean December 20, 2019.

 

The
“Starting Level” is 3205.37, the Closing Level of the Index on December 19, 2019.

 

The
“Closing Level” of the Index on any Trading Day means the official closing level of the Index reported by the
Index Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the licensed third-party market
data vendor contracted by the Calculation Agent at such time; in particular, taking into account the decimal precision and/or
rounding convention employed by such licensed third-party market data vendor on such date, subject to the provisions set forth
below under “Adjustments to the Index,” “Discontinuance of the Index” and “Market Disruption Events.”

 

The
“Ending Level” will be the Closing Level of the Index on the Calculation Day.

 

The
“Threshold Level” is 2724.5645, which is equal to 85% of the Starting Level.

 

The
“Participation Rate” is 145%.

 

The
“Maximum Return” is 22.5% of the Face Amount of this Security.

 

    	 	2	 

    	 

    

“Index
Sponsor” shall mean S&P Dow Jones Indices LLC.

 

“Business
Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in New York, New York.

 

A
“Trading Day” means a day, as determined by the Calculation Agent, on which (i) the Relevant Stock Exchanges
with respect to each security underlying the Index are scheduled to be open for trading for their respective regular trading sessions
and (ii) each Related Futures or Options Exchange is scheduled to be open for trading for its regular trading session.

 

The
“Related Futures or Options Exchange” for the Index means an exchange or quotation system where trading has
a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to
the Index.

 

The
“Relevant Stock Exchange” for any security underlying the Index means the primary exchange or quotation system
on which such security is traded, as determined by the Calculation Agent.

 

The
“Calculation Day” shall be June 20, 2022. If such day is not a Trading Day, the Calculation Day will be postponed
to the next succeeding Trading Day. The Calculation Day is also subject to postponement due to the occurrence of a Market Disruption
Event (as defined below). If a Market Disruption Event occurs or is continuing with respect to the Index on the Calculation Day,
such Calculation Day will be postponed to the first succeeding Trading Day on which a Market Disruption Event has not occurred
and is not continuing; however, if such first succeeding Trading Day has not occurred as of the eighth Trading Day after the originally
scheduled Calculation Day, that eighth Trading Day shall be deemed to be the Calculation Day. If the Calculation Day has been
postponed eight Trading Days after the originally scheduled Calculation Day and a Market Disruption Event occurs or is continuing
on such eighth Trading Day, the Calculation Agent will determine the Closing Level of the Index on such eighth Trading Day in
accordance with the formula for and method of calculating the Closing Level of the Index last in effect prior to commencement
of the Market Disruption Event, using the closing price (or, with respect to any relevant security, if a Market Disruption Event
has occurred with respect to such security, its good faith estimate of the value of such security at the Scheduled Closing Time
of the Relevant Stock Exchange for such security or, if earlier, the actual closing time of the regular trading session of such
Relevant Stock Exchange) on such date of each security included in the Index. As used herein, “closing price”
means, with respect to any security on any date, the Relevant Stock Exchange traded or quoted price of such security as of the
Scheduled Closing Time of the Relevant Stock Exchange for such security or, if earlier, the actual closing time of the regular
trading session of such Relevant Stock Exchange.

“Calculation
Agent Agreement” shall mean the Calculation Agent Agreement dated as of May 18, 2018 between the Company and the
Calculation Agent, as amended from time to time.

 

“Calculation
Agent” shall mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among
other things, the determination of the

 

    	 	3	 

    	 

    

Ending
Level and the Maturity Payment Amount, which term shall, unless the context otherwise requires, include its successors under such
Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent
Agreement, the Company may appoint a different Calculation Agent from time to time after the initial issuance of this Security
without the consent of the Holder of this Security and without notifying the Holder of this Security.

 

Adjustments
to the Index

 

If
at any time the method of calculating the Index or a Successor Equity Index, or the closing level thereof, is changed in a material
respect, or if the Index or a Successor Equity Index is in any other way modified so that such index does not, in the opinion
of the Calculation Agent, fairly represent the level of such index had those changes or modifications not been made, then the
Calculation Agent will, at the close of business in New York, New York, on each date that the closing level of such index is to
be calculated, make such calculations and adjustments as, in the good faith judgment of the Calculation Agent, may be necessary
in order to arrive at a level of an index comparable to the Index or Successor Equity Index as if those changes or modifications
had not been made, and the Calculation Agent will calculate the closing level of the Index or Successor Equity Index with reference
to such index, as so adjusted. Accordingly, if the method of calculating the Index or Successor Equity Index is modified so that
the level of such index is a fraction or a multiple of what it would have been if it had not been modified (e.g., due to
a split or reverse split in such equity index), then the Calculation Agent will adjust the Index or Successor Equity Index in
order to arrive at a level of such index as if it had not been modified (e.g., as if the split or reverse split had not
occurred).

 

Discontinuance
of the Index

If
the Index Sponsor discontinues publication of the Index, and the Index Sponsor or another entity publishes a successor or substitute
equity index that the Calculation Agent determines, in its sole discretion, to be comparable to the Index (a “Successor
Equity Index”), then, upon the Calculation Agent’s notification of that determination to the Trustee and the Company,
the Calculation Agent will substitute the Successor Equity Index as calculated by the Index Sponsor or any other entity and calculate
the Ending Level as described above. Upon any selection by the Calculation Agent of a Successor Equity Index, the Company will
cause notice to be given to the Holder of this Security.

In
the event that the Index Sponsor discontinues publication of the Index prior to, and the discontinuance is continuing on, the
Calculation Day and the Calculation Agent determines that no Successor Equity Index is available at such time, the Calculation
Agent will calculate a substitute Closing Level for the Index in accordance with the formula for and method of calculating the
Index last in effect prior to the discontinuance, but using only those securities that comprised the Index immediately prior to
that discontinuance. If a Successor Equity Index is selected or the Calculation Agent calculates a level as a substitute for the
Index, the Successor Equity Index or level will be used as a substitute for the Index for all purposes, including the purpose
of determining whether a Market Disruption Event exists.

    	 	4	 

    	 

    

If
on the Calculation Day the Index Sponsor fails to calculate and announce the level of the Index, the Calculation Agent will calculate
a substitute Closing Level of the Index in accordance with the formula for and method of calculating the Index last in effect
prior to the failure, but using only those securities that comprised the Index immediately prior to that failure; provided
that, if a Market Disruption Event occurs or is continuing on such day, then the provisions set forth above under the definition
of “Calculation Day” shall apply in lieu of the foregoing.

Market
Disruption Events 

A
“Market Disruption Event” means any of the following events as determined by the Calculation Agent in its sole
discretion:

 

		(A)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by the Relevant Stock Exchanges or otherwise relating to securities which then comprise
                                         20% or more of the level of the Index or any Successor Equity Index at any time during
                                         the one-hour period that ends at the Close of Trading on that day, whether by reason
                                         of movements in price exceeding limits permitted by those Relevant Stock Exchanges or
                                         otherwise.

		(B)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by any Related Futures or Options Exchange or otherwise in futures or options contracts
                                         relating to the Index or any Successor Equity Index on any Related Futures or Options
                                         Exchange at any time during the one-hour period that ends at the Close of Trading on
                                         that day, whether by reason of movements in price exceeding limits permitted by the Related
                                         Futures or Options Exchange or otherwise.

		(C)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, securities that then comprise 20% or more of the level of the
                                         Index or any Successor Equity Index on their Relevant Stock Exchanges at any time during
                                         the one-hour period that ends at the Close of Trading on that day.

		(D)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, futures or options contracts relating to the Index or any Successor
                                         Equity Index on any Related Futures or Options Exchange at any time during the one-hour
                                         period that ends at the Close of Trading on that day.

		(E)	The
                                         closure on any Exchange Business Day of the Relevant Stock Exchanges on which securities
                                         that then comprise 20% or more of the level of the Index or any Successor Equity Index
                                         are traded or any Related Futures or Options Exchange prior to its Scheduled Closing
                                         Time unless the earlier closing time is announced by the Relevant Stock Exchange or Related
                                         Futures or Options Exchange, as

    	 	5	 

    	 

    

applicable,
at least one hour prior to the earlier of (1) the actual closing time for the regular trading session on such Relevant Stock
Exchange or Related Futures or Options Exchange, as applicable, and (2) the submission deadline for orders to be entered
into the Relevant Stock Exchange or Related Futures or Options Exchange, as applicable, system for execution at such actual closing
time on that day.

		(F)	The
                                         Relevant Stock Exchange for any security underlying the Index or Successor Equity Index
                                         or any Related Futures or Options Exchange fails to open for trading during its regular
                                         trading session.

For
purposes of determining whether a Market Disruption Event has occurred:

		(1)	the
                                         relevant percentage contribution of a security to the level of the Index or any Successor
                                         Equity Index will be based on a comparison of (x) the portion of the level of such
                                         Index attributable to that security and (y) the overall level of the Index or Successor
                                         Equity Index, in each case immediately before the occurrence of the Market Disruption
                                         Event;

		(2)	the
                                         “Close of Trading” on any Trading Day for the Index or any Successor
                                         Equity Index means the Scheduled Closing Time of the Relevant Stock Exchanges with respect
                                         to the securities underlying the Index or Successor Equity Index on such Trading Day;
                                         provided that, if the actual closing time of the regular trading session of any
                                         such Relevant Stock Exchange is earlier than its Scheduled Closing Time on such Trading
                                         Day, then (x) for purposes of clauses (A) and (C) of the definition of “Market
                                         Disruption Event” above, with respect to any security underlying the Index or Successor
                                         Equity Index for which such Relevant Stock Exchange is its Relevant Stock Exchange, the
                                         “Close of Trading” means such actual closing time and (y) for purposes of
                                         clauses (B) and (D) of the definition of “Market Disruption Event” above,
                                         with respect to any futures or options contract relating to the Index or Successor Equity
                                         Index, the “close of trading” means the latest actual closing time of the
                                         regular trading session of any of the Relevant Stock Exchanges, but in no event later
                                         than the Scheduled Closing Time of the Relevant Stock Exchanges;

		(3)	the
                                         “Scheduled Closing Time” of any Relevant Stock Exchange or Related
                                         Futures or Options Exchange on any Trading Day for the Index or any Successor Equity
                                         Index means the scheduled weekday closing time of such Relevant Stock Exchange or Related
                                         Futures or Options Exchange on such Trading Day, without regard to after hours or any
                                         other trading outside the regular trading session hours; and

		(4)	an
                                         “Exchange Business Day” means any Trading Day for the Index or any
                                         Successor Equity Index on which each Relevant Stock Exchange for the securities underlying
                                         the Index or any Successor Equity Index and each Related Futures or Options Exchange
                                         are open for trading during their respective regular

    	 	6	 

    	 

    

trading
sessions, notwithstanding any such Relevant Stock Exchange or Related Futures or Options Exchange closing prior to its Scheduled
Closing Time.

Calculation
Agent

The
Calculation Agent will determine the Maturity Payment Amount and the Ending Level. In addition, the Calculation Agent will (i)
determine if adjustments are required to the Closing Level of the Index under the circumstances described in this Security, (ii)
if publication of the Index is discontinued, select a Successor Equity Index or, if no Successor Equity Index is available, determine
the Closing Level of the Index under the circumstances described in this Security, and (iii) determine whether a Market Disruption
Event or non-Trading Day has occurred.

The
Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which shall
be a broker-dealer, bank or other financial institution) with respect to this Security.

All
determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the Calculation Agent
and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security.

Tax
Considerations

The
Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be deemed
to have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States
federal income tax purposes to characterize and treat this Security as a prepaid derivative contract that is an “open transaction.”

Redemption
and Repayment

This
Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior to June
23, 2022. This Security is not entitled to any sinking fund.

Acceleration

If
an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Maturity Payment
Amount (calculated as set forth in the next sentence) of this Security may be declared due and payable in the manner and with
the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted under the Indenture
will be equal to the Maturity Payment Amount hereof calculated as provided herein as though the date of acceleration was the Calculation
Day.

__________________

Reference
is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

    	 	7	 

    	 

    

Unless
the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature
or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

[The
remainder of this page has been left intentionally blank]

    	 	8	 

    	 

    

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

DATED:

 

	 	WELLS FARGO FINANCE LLC
	 	 	 
	 	By:	 	 
	 	 	 	 
	 	 	 	Its:
	 	 	 
	 	Attest:	 
	 	 	 
	 	 	Its:

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

This
is one of the Securities of the series designated therein described in the within-mentioned Indenture.

	 	 	 
	CITIBANK,
    N.A.,	 
	 	as
    Trustee	 
	 	 	 
	By:	 	 
	 	Authorized
    Signature	 
	 	 	 
	 	OR	 
	 	 	 
	WELLS
    FARGO BANK, N.A.,	 
	as
    Authenticating Agent for the Trustee	 
	 	 	 
	By:	 	 
	 	Authorized
    Signature	 

 

    	 	9	 

    	 

    

[Reverse
of Note]

 

 

WELLS
FARGO FINANCE LLC

 

MEDIUM-TERM
NOTE, SERIES A

Fully
and Unconditionally Guaranteed by Wells Fargo & Company

 

Principal
at Risk Securities Linked to the S&P 500® Index

due June 23, 2022

 

This
Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued
and to be issued in one or more series under an indenture dated as of April 25, 2018, as amended or supplemented from time
to time (herein called the “Indenture”), among the Company, as issuer, Wells Fargo & Company, as guarantor
(the “Guarantor”) and Citibank, N.A., as trustee (herein called the “Trustee,” which term
includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby
made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Guarantor,
the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and
delivered. This Security is one of the series of the Securities designated as Medium-Term Notes, Series A, of the Company.
The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-,
commodity- or currency-based indices, exchange traded funds, securities, commodities, currencies, statistical measures of economic
or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest
at a fixed rate or a floating rate. The Securities of this series may mature at different times, be redeemable at different times
or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies.

The
Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented
by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities
issued to and registered in the names of, the beneficial owners or their nominees.

The
Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of
interest against a Holder of this Security.

Guarantee

The
Securities of this series are fully and unconditionally guaranteed by the Guarantor as and to the extent set forth in the Indenture.

Modification
and Waivers 

The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture
at any time by the

    	 	10	 

    	 

    

Company,
the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time
Outstanding of all series to be affected, acting together as a class. The Indenture also contains provisions permitting the Holders
of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain provisions of the
Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company
or the Guarantor with those provisions of the Indenture. Certain past defaults under the Indenture and their consequences may
be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding,
on behalf of the Holders of all Securities of such series. Solely for the purpose of determining whether any consent, waiver,
notice or other action or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken
by the Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount of this Security will
be deemed to be equal to the amount set forth on the face hereof as the “Face Amount” hereof. Any such consent or
waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.

Defeasance

Section 403
and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating
to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants, upon
compliance by the Company or the Guarantor with certain conditions set forth therein, shall not apply to this Security. The remaining
provisions of Section 401 of the Indenture shall apply to this Security.

Authorized
Denominations

This
Security is issuable only in registered form without coupons in denominations of $1,000 or any amount in excess thereof which
is an integral multiple of $1,000.

Registration
of Transfer

Upon
due presentment for registration of transfer of this Security at the office or agency of the Company in the City of Minneapolis,
Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for
an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the Indenture and subject
to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental
charge imposed in connection therewith.

This
Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within 90 days
after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines
that this Security shall be exchangeable for definitive Securities in registered form and notifies the Trustee thereof or (z)
an Event of Default with respect

    	 	11	 

    	 

    

to
the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence,
it shall be exchangeable for definitive Securities in registered form, having the same date of issuance, Stated Maturity Date
and other terms and of authorized denominations aggregating a like amount.

This
Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary
or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global Security will not be entitled
to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under
the Indenture.

Prior
to due presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the
Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security be overdue, and neither the Company, the Guarantor, the Trustee nor any such agent shall
be affected by notice to the contrary.

Obligation
of the Company Absolute

No
reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the Maturity Payment Amount at the times, place and rate, and in the coin
or currency, herein prescribed, except as otherwise provided in this Security.

No
Personal Recourse

No
recourse shall be had for the payment of the Maturity Payment Amount, or for any claim based hereon, or otherwise in respect hereof,
or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer
or director, as such, past, present or future, of the Company or any successor corporation or of the Guarantor or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty
or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly
waived and released.

Defined
Terms

All
terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture unless
otherwise defined in this Security.

Governing
Law

This
Security shall be governed by and construed in accordance with the law of the State of New York, without regard to principles
of conflicts of laws.

    	 	12	 

    	 

    

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	TEN COM	--	as tenants in common
	 	 	 
	TEN ENT	--	as tenants by the entireties
	 	 	 
	JT TEN	--	as joint tenants with right
	 	 	of survivorship and not
	 	 	as tenants in common

 

	UNIF GIFT MIN ACT

	--

	 

	 

	Custodian 

	 

	 

	 

	(Cust)

	 

	 

	(Minor)

 

Under
Uniform Gifts to Minors Act

	 	 
	(State)	 

  

Additional
abbreviations may also be used though not in the above list.

 

FOR
VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

 

Please
Insert Social Security or 

Other
Identifying Number of Assignee

 

	 	 
	 	 
	 	 

(Please
print or type name and address including postal zip code of Assignee)

 

    	 	13	 

    	 

    

the
within Security of WELLS FARGO FINANCE LLC and does hereby irrevocably constitute and appoint __________________ attorney to transfer
the said Security on the books of the Company, with full power of substitution in the premises.

 

 

Dated:
_________________________

  

 

	 	 
	 	 
	 	 
	 	 

 

 

 

NOTICE:
The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular,
without alteration or enlargement or any change whatever.

 

 

    	 	14EX-10.17

 Exhibit 10.17 

EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”) is made by and between Generation Income Properties, Inc. (“GIP”)
and David Sobelman (“Employee”) in consideration of Employee’s anticipated or continued employment relationship with GIP and the advantages and benefits of such relationship, the receipt and adequacy of all of such
consideration being hereby acknowledged and accepted by Employee. 
 1.    Offer and Agreement. GIP
offers Employee a full-time position with GIP conditioned on Employee’s execution of this Agreement and Employee’s satisfactory completion of certain requirements, as more fully explained in this Agreement. Employee’s employment is
subject to the terms and conditions set forth in this Agreement, which override anything said to Employee during any interview or any other discussions about Employee’s employment with GIP. The Employee’s employment hereunder shall be
effective as of December 20, 2019 (the “Effective Date”) and shall continue until the fifth (5th) anniversary thereof (the “Initial Term”), unless terminated
earlier pursuant to this Agreement; provided that, on such fifth (5th) anniversary of the Effective Date and each annual anniversary thereafter (such date and each annual anniversary thereof, a
“Renewal Date”), the Agreement shall be deemed to be automatically extended, upon the same terms and conditions, for successive periods of one (1) year, unless either party provides written notice of its intention not to extend
the term of the Agreement at least ninety (90) days prior to the applicable Renewal Date. The period during which the Employee is employed by GIP hereunder is hereinafter referred to as the “Term.” 

2.    Position. Employee will act as Chief Executive, President, and Secretary. Employee will conduct
the activities and duties customarily associated with such positions, and perform other duties and responsibilities that are reasonable and consistent with such position as may be assigned to Employee from time to time. Employee will report directly
to GIP’s Board of Directors (the “Board”). 
 3.    Compensation. 

(a) Salary. GIP agrees to pay Employee a salary in cash (the “Salary”), as compensation for the services to be
performed by Employee, at the rate of $100,000 per calendar year, paid in accordance with GIP’s customary payroll procedures and subject to applicable deductions and withholding. During the Term, the Board shall have the right to increase, but
not decrease, the Salary, except the Board may decrease the Salary in connection with a base salary decrease that is generally applicable to all members of GIP’s senior management. 

(b) Annual Bonus. Employee will be eligible to earn an annual bonus as determined by the Board and based on Employee’s performance.

 (c) Separation Compensation. Upon termination of Employee’s employment with GIP
and its affiliates, Employee shall be entitled to the compensation, if any, set forth in Section 6(b) below that applies to the circumstances of such termination. 

4.    Benefits. Employee will be eligible to participate in any benefit plans and programs in effect
from time to time as are made available to other similarly situated employees of GIP, in accordance with and subject to the eligibility and other provisions of such plans and programs. Employee will have the right to other benefits that are
consistent with benefits of other executives of GIP. Employee shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business, entertainment,
and travel expenses incurred by Employee in connection with the performance of the Employee’s duties hereunder in accordance with GIP’s expense reimbursement policies and procedures. 

5.    Life Insurance. Employee agrees that GIP may obtain a disability and life insurance policy with
GIP as the beneficiary. 
 6.    Termination. 

(a) The Term and the Employee’s employment hereunder may be terminated by either GIP or the Employee at any time and for any reason;
provided that, unless otherwise provided herein, Employee shall be required to give the GIP at least ninety (90) days advance written notice of any resignation. On termination of the Employee’s employment during the Term, unless otherwise
provided herein, the Employee shall be entitled to the compensation and benefits described in Section 6(b) through the termination effective date and shall have no further rights to any compensation or any other benefits from GIP. 

(b) In the event of termination of Employee’s employment during the Term by GIP without “Cause”, Employee’s separation
compensation will be (i) Employee’s Salary and any bonus set forth in a previously adopted management bonus plan and accrued pursuant to that bonus plan, each prorated to the date of termination (“Termination Date”), and
(ii) contingent on Employee executing and not revoking a release of claims in a form satisfactory to GIP within twenty-one (21) days after the Termination Date, cash in an amount equal to
Employee’s Salary payable in equal installments in accordance with GIP’s customary payroll procedures commencing on the payroll date next following the date that is thirty (30) days after the Termination Date (the “Severance
Start Date”) and ending the earlier of (A) the end of the Initial Term, and (B) thirty-six (36) months after the Severance Start Date. If either party provides notice of non-renewal as set forth in Section 1 or Employee is terminated during the Term by GIP for “Cause,” Employee will receive only any then earned but unpaid Employee’s Salary and, with respect to
any completed year preceding the Termination Date, bonus. As used herein, the term “Cause” shall mean (1) commission of a willful act of dishonesty in the course of Employee’s duties hereunder, (2) conviction by a
court of competent jurisdiction of, or plea of no contest to, a crime constituting a felony or conviction in respect of, or plea of no contest to, any act involving fraud, dishonesty or 

  
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moral turpitude (3) Employee’s refusal to perform duties and responsibilities or to carry out the lawful directives of the Board, which, if capable of being cured shall not have been
cured, within 30 days after GIP shall have advised Employee in writing of its intention to terminate Employee’s employment, or (4) Employee’s material non-compliance with the terms of this
Agreement, GIP’s policies, or any other agreement between GIP and Employee, which, if capable of being cured, shall not have been cured within 30 days after GIP shall have advised Employee in writing of its intention to terminate
Employee’s employment for such reason. 
 (c) The Employee’s employment hereunder shall terminate automatically on the
Employee’s death during the Term, and GIP may terminate the Employee’s employment on account of the Employee’s Disability, the date of such death or Disability (the “Disability Date”). If the Employee’s
employment is terminated during the Term on account of the Employee’s death or Disability, the Employee (or the Employee’s estate and/or beneficiaries, as the case may be) shall be entitled to receive Employee’s Salary for the six
(6) month period after the Disability Date and any bonus set forth in a previously adopted management bonus plan and accrued pursuant to that bonus plan pro rated for such for the six (6) month period after the Disability Date, in each
case, paid over such period in accordance with GIP’s payroll process. Notwithstanding any other provision contained herein, all payments made in connection with the Employee’s Disability shall be provided in a manner which is consistent
with federal and state law. For purposes of this Agreement, “Disability” shall have the definition set forth in GIP’s long-term disability insurance plan, however, in the event there is no such definition or no plan in place,
for this Agreement “Disability” shall mean the Employee’s inability, due to physical or mental incapacity, to perform the essential functions of the Employee’s job, for one hundred eighty (180) days out of any three hundred
sixty-five (365) day period or one hundred twenty (120) consecutive days. Any question as to the existence of the Employee’s Disability as to which the Employee and GIP cannot agree shall be determined in writing by a qualified
independent physician mutually acceptable to the Employee and GIP. If the Employee and GIP cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make such
determination in writing. The determination of Disability made in writing to GIP and the Employee shall be final and conclusive for all purposes of this Agreement. 

(d) Upon termination of the Employee’s employment for any reason, the Employee shall be deemed to have resigned from all positions held
with GIP or its affiliates, including, without limitation, any position as a director, officer, agent, trustee, or consultant of GIP or any affiliate of GIP, unless the Board expressly determines otherwise. Upon request of GIP, the Employee shall
promptly sign and deliver to GIP any and all documents reflecting such resignations as of the Termination Date. 

  
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 7.    Confidentiality Covenants. Employee
acknowledges and understands that GIP is obligated by law to maintain the confidentiality of its client-related information, and Employee is required to treat such information as strictly confidential and privileged both during and after
Employee’s relationship with GIP, regardless of whether the termination of the relationship is voluntary or involuntary or with or without cause. Employee further acknowledges and understands that it is essential to GIP’s business that its
professional and business relationships and information be protected. Employee agrees to keep in strict secrecy and confidence any and all information (whether in print, electronic, on computer disks, drives or tapes or in any other media, and
whether internally generated or used by GIP under agreement with any third party) that Employee obtains or develops or to which Employee has access during his relationship with GIP and that is not a matter of common knowledge or public record,
including but not limited to: the processes, strategies and/or techniques utilized by GIP; research records; technical data (e.g., financial and personnel data); staff lists and staff records; information regarding costs, pricing, marketing,
contracts with third parties, plans for market or service developments or improvements, computer programs, computer interfaces or interface mechanisms, processes, business and strategic plans, or financial forecasts; any other information that
derives economic value, either directly or indirectly, from being confidential to or trade secrets of GIP or its actual or potential customers or clients; or any information identifying or relating in any way whatsoever to any client of the firm or
the services or advice rendered to any client of the firm (any such information being herein called “Confidential Information”). Employee agrees that such Confidential Information is and shall remain the property of GIP, and, both
during and after the term of Employee’s relationship with GIP, without the prior written consent of GIP: (a) Employee will not use or disclose or cause to be disclosed any Confidential Information to any third person, partnership, joint
venture, company, corporation, or other entity, organization or third party; (b) Employee will not take from any of GIP’s offices for his own use or the use of any third party any document, paper, computer-generated media or other property
of GIP containing Confidential Information (unless necessary during Employee’s employment with GIP or expressly authorized by GIP to conduct business on behalf of GIP); and (c) without request upon termination of Employee’s employment
with GIP, or at any time that GIP may so request, Employee will immediately deliver to GIP any document, paper, electronic or computer-generated media or other property of GIP (and all copies of same) in Employee’s possession that contains
Confidential Information. Nothing in this Section prohibits Employee from reporting possible violations of law or regulation to any governmental agency or making other disclosures that are protected under the whistleblower provisions of applicable
law or regulation. 
 8.    Non-Competition Covenants.
Employee agrees, during his employment with GIP and for a period of twelve (12) months after the date on which Employee last performed any services for GIP, regardless of whether the termination of Employee’s relationship with GIP is
voluntary or involuntary or with or without cause, that Employee will refrain from and will not, directly or indirectly, as independent contractor, employee, consultant, agent, partner, investor, joint venturer, or otherwise, engage in Competitive
Activity within the state of Florida, whether Employee is physically within the state of Florida or is aiding or engaged with any other entity that is doing business within the state of Florida. “Competitive Activity” is activity
whereby the Employee engages, directly or indirectly, in the business of a public company (including companies that are publicly traded and/or publicly reporting) single-tenant REIT. Competitive Activity also includes activity that may require or
inevitably require disclosure of trade secrets, 

  
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proprietary information, or Confidential Information. Employee further agrees that upon a violation of this section of this Agreement, the period during which the covenants herein apply will be
extended by the number of days equal to the period of such violation. Nothing herein shall prohibit the Employee from purchasing or owning less than two percent (2%) of the publicly traded securities of any corporation, provided that such ownership
represents a passive investment and that the Employee is not a controlling person of, or a member of a group that controls, such corporation. 

9.    Non-Solicitation Covenants. Employee agrees, during his
employment with GIP and for a period of twelve (12) months after the date on which Employee last performed any services for GIP, regardless of whether the termination of Employee’s relationship with GIP is voluntary or involuntary or with
or without cause, that Employee will refrain from and will not, directly or indirectly, as independent contractor, employee, consultant, agent, partner, joint venturer, or otherwise: (a) solicit or counsel any third person, partnership, joint
venture, company, corporation, association or other organization with whom or with which Employee had a substantial relationship within the preceding twelve-month period, regardless of such person’s or entity’s location, to terminate any
business relationship with GIP and/or commence a relationship with Employee or any other individual or business entity providing products or services similar to those provided by GIP; or (b) solicit any of the employees, agents or independent
contractors of GIP, or any other third party for which GIP acts under contract or as an agent, regardless of such person’s or entity’s location, to terminate any business relationship with GIP or otherwise encourage or hire (or assist
anyone else to hire) any such person to commence any relationship as employee, agent or independent contractor for any other entity or individual. Employee further agrees that upon a violation of this section of this Agreement, the period during
which the covenants herein apply will be extended by the number of days equal to the period of such violation. 

10.    Intellectual Property. 

(a)    Work Product. Employee acknowledges and agrees that all writings, works of authorship, technology,
inventions, discoveries, ideas and other work product of any nature whatsoever that are created, prepared, produced, authored, edited, amended, conceived or reduced to practice by Employee, individually or jointly with others, in the course of
performing his employment duties under this Agreement and that directly relate to the business of GIP (regardless of when or where the Work Product is prepared or whose equipment or other resources is used in preparing the same) and all printed,
physical and electronic copies, all improvements, rights and claims related to the foregoing, and other tangible embodiments thereof (collectively, “Work Product”), as well as any and all rights in and to copyrights, trade secrets,
trademarks (and related goodwill), mask works, patents and other intellectual property rights therein arising in any jurisdiction throughout the world and all related rights of priority under international conventions with respect thereto, including
all pending and future applications and registrations therefor, and continuations, divisions, continuations-in-part, reissues, extensions and renewals thereof
(collectively, “Intellectual Property Rights”), shall be the sole and exclusive 

  
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property of GIP. For purposes of this Agreement, Work Product includes, but is not limited to, GIP information, including plans, publications, research, strategies, techniques, agreements,
documents, contracts, terms of agreements, negotiations, know-how, computer programs, software design, web design, work in process, databases, manuals, results, developments, reports, graphics, drawings,
sketches, market studies, formulae, notes, communications, algorithms, product plans, product designs, styles, models, audiovisual programs, inventions, original works of authorship, discoveries, specifications, customer information, client
information, customer lists, client lists, marketing information, advertising information, and sales information. 

(b)    Work Made for Hire; Assignment. Employee acknowledges that, by reason of being employed by GIP at the
relevant times, to the extent permitted by law, all of the Work Product consisting of copyrightable subject matter is “work made for hire” as defined in 17 U.S.C. § 101 and such copyrights are therefore owned by GIP. To the extent
that the foregoing does not apply, Employee hereby irrevocably assigns to GIP, for no additional consideration, Employee’s entire right, title and interest in and to all Work Product and Intellectual Property Rights therein, including the right
to sue, counterclaim and recover for all past, present and future infringement, misappropriation or dilution thereof, and all rights corresponding thereto throughout the world. Nothing contained in this Agreement shall be construed to reduce or
limit GIP’s rights, title or interest in any Work Product or Intellectual Property Rights so as to be less in any respect than that GIP would have had in the absence of this Agreement. 

(c)    Further Assurances; Power of Attorney. During and after Employee’s employment, Employee agrees to
reasonably cooperate with GIP to (a) apply for, obtain, perfect and transfer to GIP the Work Product as well as any Intellectual Property Right in the Work Product in any jurisdiction in the world; and (b) maintain, protect and enforce the
same, including, without limitation, executing and delivering to GIP any and all applications, oaths, declarations, affidavits, waivers, assignments and other documents and instruments as shall be requested by GIP. Employee hereby irrevocably grants
GIP power of attorney to execute and deliver any such documents on Employee’s behalf in Employee’s name and to do all other lawfully permitted acts to transfer the Work Product to GIP and further the transfer, issuance, prosecution and
maintenance of all Intellectual Property Rights therein, to the full extent permitted by law, if Employee does not promptly cooperate with GIP’s request (without limiting the rights GIP shall have in such circumstances by operation of law). The
power of attorney is coupled with an interest and shall not be affected by Employee’s subsequent incapacity. 

(d)    No License. Employee understands that this Agreement does not, and shall not be construed to, grant Employee
any license or right of any nature with respect to any Work Product or Intellectual Property Rights or any Confidential Information, materials, software or other tools made available to Employee by GIP. 

11.    Remedies Upon Breach. Employee acknowledges that damages at law will be difficult, if not
impossible, to accurately measure in the event that Employee violates the terms of the confidentiality, non-solicitation, non-acceptance and/or intellectual property
covenants as set 

  
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forth in Sections 7 – 10 above (individually, a “Covenant,” and collectively, the “Covenants”), and that GIP would suffer substantial and irreparable
damage as a result of such violation. Accordingly, Employee agrees that upon a violation of any of those Covenants, GIP will be entitled, at its option and in its sole discretion, upon application to a court of competent jurisdiction or other
tribunal, to obtain injunctive relief to enforce the Covenants, which injunctive relief will be in addition to any other rights, remedies, damages or other forms of relief available to GIP. 

12.    General. Employee understands that each of the Covenants are an essential element of his
relationship with GIP and that, but for Employee’s agreement to comply with such Covenants, GIP would not have agreed to enter into or to continue Employee’s employment (provided, however, that this Agreement is not intended to give
Employee a right to employment). Such Covenants will be construed as agreements independent of any other provisions of Employee’s employment, and the existence of any claim or cause of action that Employee may have against GIP will not
constitute a defense to the enforcement of any Covenants by GIP. Furthermore, Employee agrees that if any portion of a Covenant set forth herein is held to be unreasonable, arbitrary or against public policy, then such portion of the Covenant will
be considered divisible as to time, geographic area or condition. If any court of competent jurisdiction or other tribunal determines any portion of a Covenant to be unreasonable, arbitrary or against public policy, then such portion may be
reformed, to a lesser time period or geographic area or otherwise, so as to be reasonable, not arbitrary and not against public policy, and, as reformed, may be enforced against Employee and any such provision shall be severable from the other
provisions of that Covenant and the other provisions of this Agreement, and such occurrence will not have the effect of rendering the provision in question invalid in any other case or circumstance, or of rendering invalid any other provision of
this Agreement. Employee agrees that the Covenants are appropriate and reasonable when considered in light of the nature and extent of the business of GIP and Employee’s relationship with GIP. The waiver by GIP of Employee’s breach of any
provision of the Covenants shall not be construed as a waiver of the other Covenants or any other provisions hereof or of any subsequent breach by Employee. 

13.    No Violation of Prior Agreements. Employee hereby represents and warrants that the exercise of
the duties Employee performs for GIP, Employee’s execution of this Agreement or Employee’s performance hereunder do not and will not constitute a violation of any existing restrictive covenants given to any former or current employer or
other third party. 
 14.    Disclosure to Subsequent Employers. Employee agrees that he will
disclose the obligations contained in this Agreement to any third party that offers to retain or employ Employee in anticipation that Employee’s relationship with GIP will cease, and to any third party that in fact does retain or employ
Employee after Employee’s relationship with GIP ceases. Moreover, Employee expressly authorizes GIP to disclose to any such third party the existence and terms of this Agreement should Employee fail to do so. 

  
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 15.    Enforceability by Assignee, Successor or Third-Party
Beneficiary. Employee consents to the assignment hereafter, by merger or otherwise, of the protections afforded by this Agreement and/or any of the Covenants herein by the entity with which Employee has an employment relationship at
the time that this Agreement is executed to any affiliate (through common ownership or otherwise) of GIP, or any assignee by purchase of GIP or of the assets and business of GIP, and expressly recognizes that this Agreement and the Covenants in this
Agreement shall be enforceable by any such assignee or successor, as well as by any third-party beneficiary or entity affiliated with GIP through common ownership or otherwise. 

16.    Miscellaneous. This Agreement will be construed pursuant to and governed by the laws of the
State of Florida except that the Arbitration Provision will be construed pursuant to the Federal Arbitration Act and the federal substantive law of arbitrability. This Agreement may be signed in multiple counterparts. It is the intention of the
parties for facsimile, electronic or emailed signatures to be in full effect and sufficient for the enforcement of this Agreement. Any modification or amendment to this Agreement shall not be effective unless it is incorporated in a writing signed
by both Employee and GIP. Notwithstanding anything to the contrary in this Agreement, to the extent that GIP, in the exercise of its reasonable judgment, shall determine that Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”) applies to any amounts payable under this Agreement, any such amounts shall be paid in such fashion and at such times so as to ensure that GIP and Executive are in compliance with Section 409A of the Code. In the event
that GIP, in the exercise of its reasonable judgment, determines that any portion of the payments and benefits payable as a result of Employee’s separation from service under this Agreement are subject to the requirements of Section 409A
of the Code, and that Employee is a “specified employee” within the meaning of Section 409A of the Code, then, to the extent required for compliance with Section 409A of the Code, any portion of the such payments or benefits that
are subject to Section 409A of the Code and that would otherwise be payable or provided within the first six (6) months following such termination of employment shall be delayed, and paid in a lump sum, on the first regular payroll date of
GIP following the six (6) month anniversary of Employee’s termination of employment (or the date of his death, if earlier than that anniversary). 

17.    Dispute Resolution.  

(a)    Arbitration. GIP and Employee agree that any dispute, controversy or claim arising out of or related in any
way to Employee’s employment relationship with GIP, the termination of that relationship, this Agreement, and/or any breach of this Agreement, shall be submitted to and decided by binding arbitration in Hillsborough County in the State of
Florida. By beginning or continuing employment with GIP, Employee accepts and consents to be bound by this agreement to arbitrate (the “Arbitration Provision”). This Arbitration Provision covers all grievances, disputes, claims or
causes of action that otherwise could be brought in a federal, state or local court under applicable federal, state or local laws, arising out of or relating to Employee’s employment with GIP and the termination thereof, including claims
Employee may have against GIP or against its officers, directors, supervisors, managers, employees or agents in their capacity as such or otherwise. The claims covered by this Arbitration Provision include, but are not limited to, claims for breach
of any contract or covenant (express or implied); tort claims; claims for wages or other compensation due; claims for wrongful termination (constructive or actual); 

  
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claims for discrimination or harassment (including, but not limited to, harassment or discrimination based on race, age, color, sex, gender, national origin, alienage or citizenship status,
creed, religion, marital status, partnership status, military status, predisposing genetic characteristics, medical condition, psychological condition, mental condition, criminal accusations and convictions, disability, sexual orientation, or any
other trait or characteristic protected by federal, state or local law); claims for violation of any federal, state, local or other governmental law, statute, regulation or ordinance; and claims or disputes concerning the validity, enforceability,
arbitrability or scope of this Arbitration Provision. Claims not covered by this Arbitration Provision are claims for workers’ compensation or unemployment compensation benefits; at GIP’s sole option, claims by GIP for injunctive or other
equitable relief for the breach or threatened breach of the Covenants above; and any other claims that, as a matter of law, GIP and Employee cannot agree to arbitrate. Nothing herein shall impair Employee’s right to report possible violations
of law to any government agency or cooperate with any agency’s investigation. 
 GIP and Employee expressly intend and agree that:
(a) class, collective and/or representative action procedures shall not be asserted, nor will they apply, in any arbitration pursuant to this Arbitration Provision; (b) Employee will not assert class, collective and/or representative
action claims against GIP or its officers, directors, supervisors, managers, employees or agents in arbitration or otherwise; and (c) Employee shall only submit his own, individual claims in arbitration and will not seek to represent the
interests of any other person. Further, GIP and Employee expressly intend and agree that any claims by Employee will not be joined, consolidated or heard together with claims of any other employee. 

The Arbitrator shall apply the substantive law of the State of Florida or federal law (and the law of remedies, if applicable) as applicable
to the claims asserted and shall apply the same rules of evidence as a federal court. Arbitration shall be administered in accordance with the AAA Employment Arbitration Rules in effect at the time the arbitration is commenced. To the extent not
provided for in the AAA Employment Arbitration Rules, the Arbitrator has the power to order discovery upon a showing that discovery is necessary for a party to have a fair opportunity to present a claim or defense, and the Arbitrator shall decide
all discovery disputes. Employee’s agreements to arbitrate and participate only in his individual capacity are contracts under the Federal Arbitration Act and any other laws validating such agreements. No failure to strictly enforce these
agreements will constitute a waiver or create any future waivers. If any part of this Arbitration Provision is adjudged to be void or otherwise unenforceable, in whole or in part, the void or unenforceable portion shall be severed and such
adjudication shall not affect the validity of the remainder of this Arbitration Provision and/or this Agreement. Any arbitral award determination shall be final and binding upon the parties. Judgment on the award rendered by the arbitrator may be
entered in any court having jurisdiction thereof. 
 (b)    Injunctive Relief. Nothing in the Arbitration
Provision and/or this Agreement shall prevent GIP from applying to and obtaining from a court of competent jurisdiction a writ of attachment, a temporary restraining order, a permanent restraining order, a temporary injunction, a permanent
injunction, or other injunctive relief available to safeguard and protect GIP’s interests, including but not limited to GIP’s interests in the Covenants contained 

  
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herein. Any action, suit or other proceeding initiated for these purposes shall be brought in the State of Florida in the Thirteenth Judicial Circuit in and for Hillsborough County, Florida or in
the United States District Court for the Middle District of Florida and Employee agrees to submit himself to the exclusive personal jurisdiction and venue of those courts for such purposes. 

c)    WAIVER OF JURY TRIAL. GIP AND EMPLOYEE UNDERSTAND AND AGREE THAT THEY ARE WAIVING ANY RIGHT TO
JURY TRIAL WITH RESPECT TO ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATED IN ANY WAY TO EMPLOYEE’S EMPLOYMENT RELATIONSHIP WITH TRENAM, THE TERMINATION OF THAT RELATIONSHIP, THIS AGREEMENT, AND/OR ANY BREACH OF THIS AGREEMENT. GIP
AND EMPLOYEE EXPRESSLY ACKNOWLEDGE AND AGREE THAT THEY ARE WAIVING ANY RIGHT THEY MAY HAVE TO A JURY TRIAL BY SIGNING THIS AGREEMENT. 
 Dated this
20th day of December, 2019. 
  

	
	DAVID SOBELMAN
	  
 /s/ David Sobelman

Signature
  

David Sobelman
 Printed Name

 

	GENERATION INCOME PROPERTIES, INC.
	  
 /s/ Patrick Quilty

Signature of Employer Representative
  

Patrick Quilty
 Name of Employer
Representative
  
 Board Member

Title Of Employer Representative

  
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