PROMISSORY NOTE

For value received, the undersigned, GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (the “Company”), hereby promises to pay to CHASE COMMERCIAL REALTY, INC. (D/B/A NAI CHASE), an Alabama corporation (“NAI CHASE”), having an office address of 2705 Artie Street SW FILLIN "5" , Bldg. 500, Suite 40, Huntsville, AL 35805 or such other place and/or method as NAI CHASE may hereafter designate in writing (including via electronic funds transfer to an account designated by NAI CHASE in writing), the principal sum of THREE HUNDRED THIRTY-TWO THOUSAND AND 00/100 DOLLARS ($332,000.00) in lawful money of the United States of America, FILLIN "1" on or before December 31, 2025 (the “Maturity Date”), together with interest on the principal balance thereof outstanding from time to time at the following rate of interest per annum:

Seven and one-half percent (7.50 FILLIN "" %)

On the Maturity Date, the entire principal balance, if any, and any other sums due hereunder, shall be due and payable and shall be paid in full.

The Company shall have the right to prepay this Note in full or in part at any time without penalty.

Time is of the essence hereto.

FILLIN "14" In the event NAI CHASE does not receive the full amount of any installment by the end of fifteen FILLIN "15" (15 FILLIN "" ) calendar days from the date it is due: (a) the Company shall pay a late charge to NAI CHASE in the amount of fifteen FILLIN "16" percent (15.0 FILLIN "" %) of the overdue installment, which shall be due and payable immediately; and (b) NAI CHASE shall also have the option, without demand or notice, to declare the unpaid principal balance of this Note, and all other sums due hereunder, at once due and payable and to exercise any and all other rights and remedies available at law or in equity arising from the Company’s failure to timely reply this Note. If NAI CHASE incurs any expenses or costs in connection with the collection of this Note, whether or not suit is filed, the Company also promises to pay NAI CHASE all costs of collection of every kind, including but limited to costs, fees, and expenses incurred during any dispute resolution, mediation, or court proceeding (including any appeal or bankruptcy proceeding), together with reasonable attorneys’ fees. Interest shall accrue on the unpaid principal balance after default, and post-judgment interest shall be based upon, the highest rate allowable under Alabama law. FILLIN "10" FILLIN ""

NAI CHASE may grant postponements or waivers to the enforcement or collection of this Note and the same shall not release the Company from its obligations hereunder and the Company expressly waives any defenses arising from any such forbearance by NAI CHASE. Further, NAI CHASE has the right to accept partial payments after default and acceleration without waiving the acceleration and any such partial payments shall be applied first to the costs of enforcement or collection of this Note, then to late charges, then to interest due pursuant to this Note (if any), then

to any other sums required to be paid by Company hereunder, and finally to principal due under this Note. In the event NAI CHASE elects to renew this Note, either prior to or following any acceleration, in its sole discretion, the Company shall pay all costs and expenses incurred by NAI CHASE in connection with such renewal.

This Note shall be construed in accordance with the laws of the State of Alabama. The state court located in Madison County, Alabama shall have jurisdiction over the collection or enforcement of this Note. If any provision of this Note, or any payments pursuant to the terms hereof, be declared invalid or unenforceable by such court, the remainder of this Note and any other payments hereunder shall not be affected thereby and shall continue to be enforceable to the greatest extent permitted by law.

In no event shall NAI CHASE have the right to charge or collect, nor shall the Company be required or obligated to pay, interest or payments in the nature of interest, which would result in interest being charged or collected at a rate in excess of the maximum rate of interest allowed to be contracted for by applicable law, as changed from time to time. In the event that the Company shall make any payment, which is interest or in the nature of interest, which results in the rate of interest being charged or collected being in excess of such maximum rate, then the portion of such payment which exceeds the maximum rate shall be credited as a payment of principal, or returned to the Company, at the option of NAI CHASE.

THE COMPANY (AND NAI CHASE BY ACCEPTANCE HEREOF) HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE BETWEEN THEM ARISING OUT OF OR IN ANY WAY RELATED TO THIS NOTE.

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