Broad Street Realty, Inc. and certain of its subsidiaries entered into an Allonge and Modification Agreement related to the Loan Agreement, dated as of December 27, 2019 and amended on May 10, 2020 by and among MVB Bank, Inc., 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, which matures on December 27, 2022, and (ii) a $2.0 million revolving credit facility, which was scheduled to mature on December 27, 2020. The Modification Agreement, among other things, extends the maturity date of the MVB Credit Facility to December 27, 2021 and provides that the requirements to comply with certain financial covenants under the Loan Agreement will begin as of June 30, 2021 or December 31, 2021, as applicable, rather than September 30, 2020. In addition, the Modification Agreement eliminates the revolving nature of the MVB Credit Facility, and requires the repayment of $250,000 under the MVB Credit Facility on each of (a) the earlier of March 31, 2021 or the closing date of the Company’s pending mergers with BSV Spotswood Investors LLC and BSV Highlandtown Investors LLC and (b) the earlier of September 30, 2021 or the closing date of the Company’s pending merger with BSV Greenwood Investors LLC.