Certain Common Stock of Agree Realty Corporation are subject to a Lock-Up Agreement Ending on 23-JAN-2022. These Common Stock will be under lockup for 46 days starting from 8-DEC-2021 to 23-JAN-2022.

Details:
Subject to specified exceptions, all of the executive officers and directors have agreed that for a period of 45 days after the date of this prospectus supplement they will not, without the prior written consent of Wells Fargo Securities, LLC, BofA Securities, Inc. and Morgan Stanley & Co. LLC, directly or indirectly, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of, or otherwise dispose of or transfer any shares of common stock, any securities convertible into or exchangeable or exercisable for any shares of common stock, or enter into any swap or other agreement or transaction that transfers, in whole or in part, any of the economic consequences of ownership of any shares of common stock or other securities.