Generation Income Properties, Inc.: extends $5,200,000 note to Oct 14, 2027

What happened Generation Income Properties, Inc. reported that, through its operating partnership Generation Income Properties, L.P., it amended its Amended and Restated Secured Promissory Note with Brown Family Enterprises LLC. The First Amendment, effective Oct 14, 2026, extends the maturity date of the Note from Oct 14, 2026 to Oct 14, 2027, leaves the interest rate at 9% per annum (simple interest) payable monthly, acknowledges a $300,000 principal payment made on Jul 6, 2026, and confirms an outstanding principal balance of $5,200,000 as of Sep 28, 2026.

Key details

• Original Note dated Jul 21, 2023 had an original principal amount of $5,500,000, payable to Brown Family Enterprises LLC.
• Amendment effective Oct 14, 2026 extends the Maturity Date to Oct 14, 2027; interest remains 9% per annum, simple interest, payable monthly.
• Parties acknowledged a $300,000 principal payment on Jul 6, 2026 and confirmed outstanding principal of $5,200,000 as of Sep 28, 2026.
• The Note remains secured under the Amended and Restated Security Agreement dated Jul 21, 2023; the Holder confirmed no default or event of default existed as of execution of the Amendment.

Why it may matter This report is Item 1.01 (entry into a material definitive agreement), describing the First Amendment to the secured promissory note, and is also reported under Item 2.03 (creation of a direct financial obligation). The filing does not show why the insider traded or why the company acted.