GIPR · Generation Income Properties, Inc.

Represents automatic grant of fully vested shares of common stock under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan pursuant to the terms of the Reporting Person?s employment agreement with the Issuer.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest on the first anniversary of the date of grant.

The price reported in Column 4 is a weighted average price. The prices actually received ranged from $0.9600 to $1.0800. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of warrants purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on March 31, 2026.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on March 31, 2026.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on March 31, 2026.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on March 31, 2026.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that are fully vested on the date of grant.

The price reported in Column 8 is a weighted average price. The prices actually received ranged from $1.82 to $1.86. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of warrants purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.

The price reported in Column 4 is a weighted average price. The prices actually received ranged from $1.72 to $1.81. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of warrants purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on June 15, 2025.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on June 15, 2025.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on June 15, 2025.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on June 15, 2025.

Represents grant of restricted stock units under the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that will vest on June 15, 2025.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest as to one third of the granted shares on each of the first three anniversaries of the grant date.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest as to one third of the granted shares on each of the first three anniversaries of the grant date.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest as to one third of the granted shares on each of the first three anniversaries of the grant date.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest as to one third of the granted shares on each of the first three anniversaries of the grant date.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest as to one third of the granted shares on each of the first three anniversaries of the grant date.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest as to one third of the granted shares on each of the first three anniversaries of the grant date.

Represents grant of restricted shares pursuant to the Generation Income Properties, Inc. 2020 Omnibus Incentive Plan that vest as to one third of the granted shares on each of the first three anniversaries of the grant date.

Represents reinvestment of dividends pursuant to broker-sponsored dividend reinvestment program.

Restricted shares vest 100% on March 1, 2023.

Restricted shares vest 100% on March 1, 2023.

Restricted shares vest 100% on March 1, 2023.

Restricted shares vest 100% on March 1, 2023.

Restricted shares vest 100% on March 1, 2023.

Represents reinvestment of dividends pursuant to broker-sponsored dividend reinvestment program.

Represents reinvestment of dividends pursuant to broker-sponsored dividend reinvestment program.

Represents reinvestment of dividends pursuant to broker-sponsored dividend reinvestment program.

The price reported in Column 8 is a weighted average price. The prices actually received ranged from $0.403 to $0.43. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of warrants purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.

The price reported is a weighted average price. The prices actually received ranged from $9.68 to $9.73. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.

The Common Stock and Warrants to Purchase Common Stock were issued and sold as units at a purchase price of $9.7249 per unit. Each unit consists of one share of Common Stock and one Warrant to purchase one share of Common Stock. The units will separate, and the underlying Common Stock and Warrants will begin trading separately, 31 days following the date of the Issuer's public offering prospectus, dated September 2, 2021, at which time the Warrants will become exercisable for a period of five years expiring September 8, 2026.

The price reported is a weighted average price. The prices actually received ranged from $9.68 to $9.73. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.

The Common Stock and Warrants to Purchase Common Stock were issued and sold as units at a purchase price of $9.60 per unit. Each unit consists of one share of Common Stock and one Warrant to purchase one share of Common Stock. The units will separate, and the underlying Common Stock and Warrants will begin trading separately, 31 days following the date of the Issuer's public offering prospectus, dated September 2, 2021, at which time the Warrants will become exercisable for a period of five years expiring September 8, 2026.