Murray Wise to retire gradually as Chairman Emeritus of MWA through 2025

Farmland Partners Inc.

Letter agreement effective Jan 1, 2023: Wise serves as Chairman Emeritus of MWA for initial 18 months.
Base salary reduced to $120,000/year; eligible for 15% commission on deals generated during employment.
After initial term, Wise transitions to independent contractor until Dec 31, 2025, earning 20% commission.
Wise remains on board of directors; Company pays COBRA premiums for 18 months post-employment.
Company will reimburse real estate license expenses for 5 years after term ends.

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