Item 1.01 Entry into a Material Definitive Agreement.

On March 22, 2022, Broad Street Realty, Inc. (the "Company") and certain of its subsidiaries entered into a Modification Agreement and Allonge and Modification Agreements (collectively, the "Modification Agreements") related to the Loan Agreement, dated as of December 27, 2019 and amended on May 10, 2020 (as amended, the "Loan Agreement"), by and among MVB Bank, Inc. ("MVB"), as lender, the Company, Broad Street Operating Partnership, LP and Broad Street Realty, LLC, as borrowers, and BSV Cromwell Land LLC, a subsidiary of the Company, and Michael Z. Jacoby, the Company's chairman and chief executive officer, as guarantors.

As previously disclosed, the Loan Agreement provides for a $6.5 million loan, (i) consisting of a $4.5 million term loan (the "MVB Term Loan") and (ii) a $2.0 million revolving credit facility (the "MVB Credit Facility"), each of which was scheduled to mature on December 27, 2022. The Modification Agreements, among other things, (i) extend the maturity date of the MVB Term Loan and the MVB Credit Facility to June 27, 2023, (ii) provide for a $2.0 million term loan (the "Second MVB Term Loan") and (iii) modify the EBITDA to consolidated funded debt ratio from a minimum of 8.0% to 7.0%. The Second MVB Term Loan has a fixed interest rate of 6.75% per annum and matures on June 27, 2023. In addition, the Modification Agreements require the repayment of $250,000 on each of the following dates (i) on or before March 31, 2022; (ii) on or before September 30, 2022 and (iii) on or before March 31, 2023. The Company is required to pay an exit fee to MVB in an amount equal to two percent multiplied by the aggregate principal balance of the MVB Term Loan, the MVB Credit Facility and the Second MVB Term Loan at the time of the maturity or just prior to such repayments.

The description of the Modification Agreements contained in this Item 1.01 does not purport to be complete and is subject to and qualified in its entirety by reference to such agreements, copies of which are attached as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K, and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits



Exhibit
  No.                                   Description
 10.1       Modification Agreement, dated March 22, 2022, by and among Broad
          Street Operating Partnership, LP, Broad Street Realty, Inc. and Broad
          Street Realty, LLC, as borrowers, MVB Bank, Inc., as lender, and Michael
          Z. Jacoby, as guarantor.
 10.2       Allonge and Modification Agreement (Note No. 1), dated March 22,
          2022.
 10.3       Allonge and Modification Agreement (Note No. 2), dated March 22,
          2022.
  104     Cover Page Interactive Data File - The cover page XBRL tags are embedded
          within the Inline XBRL document

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