Separation and Release Agreement, dated October 3, 2023 between Generation Income Properties, Inc. and Allison Davies

Separation of Employment. Employee acknowledges that on September 28, 2023, she presented the Company with a letter of voluntary resignation. Employee agrees that her employment with the Company will terminate effective as of the close of business on November 15, 2023, or, if later, the close of business on the day the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2023 (the “10-Q”), is filed with U.S. Securities and Exchange Commission (such later date, the “Separation Date”). Prior to the Separation Date, Employee will continue to perform her duties as Chief Financial Officer and Treasurer of the Company on a full-time basis, with the same responsibilities and duties performed by Employee immediately prior to the date hereof, through and including the Separation Date and will continue during such period to serve as the Company’s principal financial and accounting officer for purposes of all filings with the U.S. Securities and Exchange Commission (and she will accordingly sign the 10-Q and the certifications attached thereto and included therein that are required to be signed by the Company’s principal financial and accounting officer). Also, during the period beginning on the Effecting Date and ending on the Separation Date (the “Transition Period”), Employee agrees to work with and cooperate with the Company to transition her duties and responsibilities to a successor principal financial and accounting officer of the Company. Notwithstanding the foregoing, Employee agrees that the Employment Agreement, dated effective January 24, 2022, between Employee and the Company (“Employment Agreement”) is terminated effective as of the Effective Date and that neither the Employee nor the Company shall have any further rights thereunder as of the Effective Date other than (i) any obligations of Employee in the Employment Agreement that expressly survive the termination of the termination of the Employment Agreement, including without limitation the covenants included in Section 4 of the Employment Agreement (subject to Section 2(c) below), and (ii) any obligations of Employee set forth in this Agreement. During the Transition Period, Employee agrees that she will continue to receive her base salary and benefits as currently in effect, subject to applicable tax withholdings and other required withholdings.

Following the execution of this Agreement, the subsequent expiration of the Revocation Period (as defined in Section 6), and the Separation Date, and in exchange for the mutual covenants set forth in this Agreement, the Company agrees to provide Employee a lump-sum payment in the amount of Fifty Seven Thousand Six Hundred and Fifty Nine Dollars ($57,659.00), less all applicable federal, state, local and other employment-related deductions, on the next regular pay date of the Company following the later of the Separation Date or expiration of the Revocation Period (the “Separation Pay”). Employee acknowledges and agrees that payment of the Separation Pay will be conditioned on Employee’s compliance with the terms and provisions of this Agreement (including her continuing obligations in Section 1 above) and the surviving terms and provisions of the Employment Agreement.

So long as Employee complies with the terms and provisions of this Agreement (including her continuing obligations in Section 1 above) and the surviving terms and provisions of the Employment Agreement, on the day after the Separation Date, the Company shall accelerate the vesting of all 19,366 shares of restricted stock of the Company granted to Employee on March 1, 2023, under the Generation Income Properties, Inc,. 2020 Omnibus Incentive Plan.

The Company agrees that it will not enforce the covenant of non-competition contained in Section 4(b) of the Employment Agreement. Employee understands and acknowledges that

Employee acknowledges and agrees that the Separation Pay and accelerated vesting of restricted stock provided in this Agreement is not otherwise due or owing to Employee under any Company employment agreement (oral or written) or Company policy or practice, and that the Separation Pay to be provided to Employee is not intended to, and shall not constitute, a severance plan, and shall confer no benefit on anyone other than the parties hereto.

Employee also represents and affirms that, other than the amounts owed under the terms of this Agreement, Employee has been paid and/or has received all leave (paid or unpaid), compensation, wages, bonuses and/or commissions to which Employee may be entitled and that no other leave (paid or unpaid), compensation, wages, bonuses and/or commissions are due to Employee. Employee represents that while Employee was employed Employee suffered no work-related accident illness of injury. Employee further affirms that Employee is not aware of Company or any of its managers having violated a law, rule or regulation of law.

The Company agrees that it will not contest any application for unemployment compensation benefits made by Employee. Employee understands and acknowledges that her entitlement to any such unemployment compensation benefits can only be made by the appropriate governmental agency.

In consideration of the Separation Pay, Employee, on behalf of Employee and Employee’s heirs, executors, devisees, successors and assigns, knowingly and voluntarily releases, remises, and forever discharges the Company and its parents, subsidiaries or affiliates, together with each of their current and former principals, officers, members, managers, directors, shareholders, insurers, agents, representatives and employees, and each of their heirs, executors, successors and assigns (collectively, the “Releasees”), from any and all debts, demands, actions, causes of action, accounts, covenants, contracts, agreements, claims, damages, omissions, promises, and any and all claims and liabilities whatsoever, of every name and nature, known or unknown, suspected or unsuspected, both in law and equity (“Claims”), which Employee ever had, now has, or may hereafter claim to have against the Releasees, arising from the beginning of time to the time Employee signs this Agreement, in connection with, related to or arising out of Employee’s employment relationship with the Company or the termination of such employment (the “Release”). This Release of Claims shall apply to any Claim of any type, including, without limitation, any and all Claims of any type that Employee may have arising under the common law, and to the extent any of these laws were ever held to apply to any Releasee under Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Americans With Disabilities Act of 1967, the Family and Medical Leave Act of 1993, the Employee Retirement Income Security Act of 1974, the Florida Whistleblower Protection Act (Fla. Stat. §§ 448.101 to 448.105), and the Florida Workers' Compensation Retaliation Act (Fla. Stat. §440.205), the Florida Minimum Wage Act (Fla. Stat. §448.110), and the Florida Constitution, which requires Florida employers to pay the minimum wage to nonexempt employees and prohibits retaliation for reporting or objecting to a minimum wage violation (Fla. Const. art. X, § 24), each as amended, and any other federal, state or local statutes, regulations, ordinances or common law, or under any policy, agreement, contract, understanding or promise, written or oral, formal or informal, between any of the Releasees and Employee. Notwithstanding the foregoing, nothing in this Release shall be deemed to constitute the waiver of (a) any claim for vested benefits under any employee benefit plan of the Company,

For the purpose of implementing a full and complete release of the Claims described above, Employee understands and agrees that this Agreement is intended to include all Claims, if any, which Employee or Employee’s heirs, executors, devisees, successors and assigns may have and which Employee does not now know or suspect to exist in Employee’s favor against the Releasees, from the beginning of time until the time Employee signs this Agreement, and this Agreement extinguishes those Claims.

Except as expressly provided in this Agreement, Employee acknowledges and agrees that the Company has fully satisfied any and all obligations owed to Employee arising out of Employee’s employment with or termination from the Company, and no further sums or benefits are owed to Employee by the Company or by any of the other Releasees at any time.

prohibit Employee from filing a charge with the Equal Employment Opportunity Commission (“EEOC”), the Florida Commission on Human Relations (“FCHR”) or any comparable state or federal agency; or

prohibit Employee from participating in an investigation or proceeding by the EEOC, FCHR or any comparable state or local agency; or

Non-Disparagement. Employee agrees not to make, publish, or communicate to any person or entity, in any media or public forum, including on any social media sites, any comments or statements (written or oral), that disparage or create a negative impression of the Company, its affiliates or their respective directors, managers, officers, agents, employees, customers, suppliers or investors. Notwithstanding the foregoing, nothing in this Agreement shall prohibit Employee from making any truthful statements or disclosures that are required by applicable law or valid legal process, or that are protected by applicable law, including but not limited to any truthful statements or disclosures to any government or regulatory agency. The Company agrees that it will instruct each of its employees, officers, and directors to not make, publish, or communicate to any person or entity, in any media or public forum, including on any social media sites, any comments or statements (written or oral), that disparage or create a negative impression of Employee.

Consultation with Attorney; Voluntary Agreement. The Company advises Employee to consult with an attorney of Employee’s choosing prior to signing this Agreement. Employee understands and agrees that Employee has the right and has been given the opportunity to review this Agreement and, specifically, the general release in Section 3 above (the “General Release”), with an attorney. Employee also understands and agrees that Employee is under no obligation to consent to the General Release set forth in Section 3 above. Employee acknowledges and agrees that the payments to be made to Employee pursuant to this Agreement are sufficient consideration to require Employee to abide with Employee’s obligations under this Agreement, including but not limited to the General Release set forth in Section 3, and covenants contained in the Employment Agreement. Employee represents that Employee has read this

Effective Date; Revocation. Employee acknowledges and represents that Employee has been given at least twenty-one (21) days during which to review and consider the provisions of this Agreement and, specifically, the General Release set forth in Section 3 above. Employee further acknowledges and represents that Employee has been advised by the Company that Employee has the right to revoke this Agreement for a period of seven (7) days after signing it (the “Revocation Period”). Employee acknowledges and agrees that, if Employee wishes to revoke this Agreement, Employee must deliver a notice of rescission to no later than 5:00 p.m. Eastern Time on the seventh (7th) day of the revocation period. To be effective, such rescission must be in writing and delivered to David Sobelman at mailto ***@***. If no such revocation occurs, the General Release and this Agreement shall become effective on the eighth (8th) day following Employee’s execution of this Agreement.

Severability. In the event that any one or more of the provisions of this Agreement are held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remainder of this Agreement shall not in any way be affected or impaired thereby.

Waiver. No waiver by either party of any breach by the other party of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of any other provision or condition at the time or at any prior or subsequent time.

Entire Agreement. Employee acknowledges and agrees that, with the exception of the Confidentiality and Non-Compete Agreement, which shall remain in full force and effect according to its terms, this Agreement supersedes any and all prior or contemporaneous oral and/or written agreements between Employee and the Company and sets forth the entire agreement between Employee and the Company.

Governing Law and Venue; Waiver of Jury Trial. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Florida, without reference to the choice of law rules of any jurisdiction. This Agreement shall be deemed executed and performed in the State of Florida, and any suits or actions arising out of or relating to this Agreement shall be brought exclusively in Hillsborough County in the State of Florida or a Federal District Court sitting therein, and the parties expressly consent and submit to the jurisdiction of such courts. THE PARTIES HEREBY WAIVE A JURY TRIAL IN ANY LITIGATION ARISING UNDER OR RELATING TO THIS AGREEMENT.

Counterparts. This Agreement may be executed in one or more counterparts, and by the Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute the same agreement. The Parties further agree that facsimile signatures or signatures scanned into .pdf (or similar) format and sent by e-mail shall be deemed original signatures.