New Financial Obligation Form 8 K

Item 1.01 Entry Into a Material Definitive Agreement.

On July 23, 2024, ExchangeRight Income Fund Operating Partnership, LP, as borrower (the "Borrower"), ExchangeRight Income Fund, doing business as ExchangeRight Essential Income REIT (the "Company"), and the other loan parties party thereto, entered into an Incremental Revolving Commitment Assumption Agreement (the "Incremental Commitment Agreement") with Wells Fargo Bank, National Association, as administrative agent ("Wells Fargo" or the "Administrative Agent"), and Fifth Third Bank, National Association, as an additional lender (the "Additional Lender"), pursuant to which the Additional Lender committed to make an incremental revolving commitment in the amount of $25,000,000 under the Credit Agreement (the "Credit Agreement") dated as of May 30, 2024 between the Borrower, the Company, the Administrative Agent and the lenders from time to time party thereto. The $25,000,000 revolving commitment by the Additional Lender is subject to the terms and conditions of the Incremental Commitment Agreement and was made in accordance with a request by the Borrower for an increase in the revolving commitments under the Credit Agreement pursuant to Section 2.17 thereof. The additional commitment increases the borrowing capacity under the Credit Agreement's revolving credit facility from a maximum of $75,000,000 to a maximum of $100,000,000. The incremental revolving commitment made by the Additional Lender is governed by the terms of the Credit Agreement. No other amendments to the Credit Agreement were made pursuant to the Incremental Commitment Agreement.

In connection with the Incremental Commitment Agreement, the Borrower executed a Revolving Note payable to the order of the Additional Lender with an original principal amount of up to $25,000,000 (the "Revolving Note").

The foregoing descriptions of the Incremental Commitment Agreement and Revolving Note are summaries and qualified in their entirety by reference to the full text of the Incremental Commitment Agreement and Revolving Note, copies of which are attached to this Current Report on Form 8-K as Exhibits 10.1 and 10.2, respectively, and are incorporated by reference herein. In addition, the full text of the Credit Agreement, which was attached as Exhibit 10.1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission ("SEC") on June 3, 2024 is incorporated by reference herein.