Exhibit 1.1
PLYMOUTH INDUSTRIAL REIT, INC.
Common Stock
($0.01 par value)
AMENDMENT NO. 1 TO THE DISTRIBUTION AGREEMENT
August 10, 2021
KeyBanc Capital Markets, Inc. 127 Public Square, 4th Floor Cleveland, Ohio 44114 |
Capital One Securities, Inc. 299 Park Avenue, 29th & 31st Floor New York, New York 10171 |
Robert W. Baird & Co. Incorporated 777 East Wisconsin Avenue Milwaukee, Wisconsin 53202 |
JMP Securities LLC 450 Park Avenue, 5th Floor New York, NY 10022 |
Barclays Capital Inc. 745 Seventh Avenue New York, New York 10019 |
J.P. Morgan Securities LLC 383 Madison Avenue New York, New York 10179 |
Berenberg Capital Markets LLC 1251 Avenue of the Americas, 53rd Floor New York, NY 10020 |
National Securities Corporation 200 Vesey Street, 25th Floor New York, NY 10281 |
BMO Capital Markets Corp. 3 Times Square New York, New York 10036 |
Wedbush Securities Inc. 1000 Wilshire Blvd. Los Angeles, CA 90017 |
Ladies and Gentlemen:
Reference is made to the Distribution Agreement, dated May 26, 2021 (the “Agreement”), by and among Plymouth Industrial REIT, Inc., a Maryland corporation (the “Company”), and Plymouth Industrial OP LP, a Delaware limited partnership (the “Operating Partnership”), and KeyBanc Capital Markets, Inc., Robert W. Baird & Co. Incorporated, Barclays Capital Inc., Berenberg Capital Markets LLC, BMO Capital Markets Corp., Capital One Securities, Inc., JMP Securities LLC, J.P. Morgan Securities LLC, National Securities Corporation and Wedbush Securities Inc., as agents (the “Agents”). On June 11, 2021, the Company and the Operating Partnership filed with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-3 (File No. 333-257006) (the “Registration Statement), in respect of certain of the Company’s and the Operating Partnership’s securities, in anticipation of the expiration of the Company’s registration statement on Form S-3 (File No. 333-226438) (the “Expiring Registration Statement”). The Parties wish to amend the Agreement to reference the Registration Statement instead of the Expiring Registration Statement (this “Amendment”). The Parties therefore hereby agree as follows:
1. Commission File Number. The Agreement is hereby amended so that the reference to the Commission file number of the registration statement on Form S-3 filed by the Company with the Commission shall be file number 333-257006.
2. Effective Date. The Agreement is hereby amended to reflect that the effective date of the Registration Statement is June 24, 2021.
3. Maximum Amount. The Agreement is hereby amended to reflect that the Maximum Amount of shares of the Company’s common stock that may be issued and sold from time to time by the Company, in the manner and subject to the terms and conditions of the Agreement, as amended by this Amendment, is $82,288,000.
4. Governing Law; Forum. This Amendment and all the rights and obligations of the parties shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed in such State. Any suit, action or proceeding brought by the Company against any of the agents referenced above in connection with or arising under this Amendment shall be brought solely in the state or federal court of appropriate jurisdiction located in the Borough of Manhattan, The City of New York.
5. Counterparts. This Amendment may be signed in counterparts (which may include counterparts delivered by any standard form of telecommunication), each of which shall be an original and all of which together shall constitute one and the same instrument.
6. Agreement Remains in Effect. Except as provided herein, all provisions, terms and conditions of the Agreement shall remain in full force and effect. As amended hereby, the Agreement is ratified and confirmed in all respects.
7. Terms used herein but not otherwise defined are used herein as defined in the Agreement.
If the foregoing is in accordance with your understanding of our agreement, please sign and return to the Company a counterpart hereof; whereupon this instrument, along with all counterparts, will become a binding agreement among the Agents and the Company in accordance with its terms.
Very truly yours,
PLYMOUTH INDUSTRIAL REIT, INC.
By: /s/ Pendleton P. White, Jr.
Name: Pendleton P. White, Jr.
Title: President
PLYMOUTH INDUSTRIAL OP LP
By: Plymouth Industrial REIT, Inc., its general partner
By: /s/ Pendleton P. White, Jr.
Name: Pendleton P. White, Jr.
Title: President
[Distribution Agreement Amendment No. 1 Signature Page]
The foregoing Amendment No. 1 to
the Agreement is hereby confirmed
and accepted as of the date first
written above.
KEYBANC CAPITAL MARKETS, INC.
By: /s/ Paul Hodermarsky
Name: Paul Hodermarsky
Title: Managing Director, Equity Capital Markets
ROBERT W. BAIRD & CO. Incorporated
By: /s/ Christopher Walter
Name: Christopher Walter
Title: Managing Director
Barclays Capital Inc.
By: /s/ Nicholas Cunningham
Name: Nicholas Cunningham
Title: Managing Director
berenberg capital markets llc
By: /s/ Zachary Brantley
Name: Zachary Brantley
Title: Head of U.S. Investment Banking
By: /s/ Matt Rosenblatt
Name: Matt Rosenblatt
Title: CCO & Ops Principal
BMO capital markets corp.
By: /s/ Eric Dobi
Name: Eric Dobi
Title: Managing Director
Capital One Securities, Inc.
By: /s/ Gregory Horstman
Name: Gregory Horstman
Title: Managing Director
[Distribution Agreement Amendment No. 1 Signature Page]
JMP Securities llc
By: /s/ Eric Clark
Name: Eric Clark
Title: Director
J.P. morgan Securities llc
By: /s/ Stephanie Little
Name: Stephanie Little
Title: Executive Director
NATIONAL SECURITIES CORPORATION
By: /s/ Jonathan Rich
Name: Jonathan Rich
Title: Executive Vice President
wedbush securities inc.
By: /s/ Francis Paulino
Name: Francis Paulino
Title: Managing Director
[Distribution Agreement Amendment No. 1 Signature Page]