NewLake Capital Partners, Inc.

The following table provides information regarding the 2024 and 2023 compensation of our named executive officers.

(1)Excludes dividends earned and accrued dividends on vested and unvested RSUs and PSUs since dividends were factored into these awards' grant date fair value.

(2)Represents the aggregate grant date fair value of 12,112 RSUs granted during 2024 in connection with Mr. Coniglio’s services. The grant date fair value of the RSUs was determined based on the closing stock price on the grant date. Additionally, includes the aggregate grant date fair value of 28,261 PSUs granted during 2024 in connection with Mr. Coniglio’s services. The grant date fair value of the PSUs involved using a Monte Carlo simulation for the future stock prices of the Company and its corresponding peer group. The aggregate grant date fair value of the RSUs and the PSUs were determined in accordance with ASC 718 Compensation -Stock Compensation (“ASC 718”), determined in accordance with the assumptions set forth in Note 9 - Stock Based Compensation of our Annual Report on Form 10-K. Pursuant to SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. PSUs are forfeited if the performance hurdles are not met during the performance period.

(3)Represents the aggregate grant date fair value of 12,897 RSUs granted during 2023 in connection with Mr. Coniglio’s services. The grant date fair value of the RSUs was determined based on the closing stock price on the grant date. Additionally, includes the aggregate grant date fair value of 30,093 PSUs granted during 2023 in connection with Mr. Coniglio’s services. The grant date fair value of the PSUs involved using a Monte Carlo simulation for the future stock prices of the Company and its corresponding peer group. The aggregate grant date fair value of the RSUs and the PSUs were determined in accordance with ASC 718, determined in accordance with the assumptions set forth in Note 9 - Stock Based Compensation of our Annual Report on Form 10-K. Pursuant to SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. PSUs are forfeited if the performance hurdles are not met during the performance period.

(4)Represents the aggregate grant date fair value of 4,658 RSUs granted during 2023 in connection with Ms. Meyer’s services. The grant date fair value of the RSUs was determined based on the closing stock price on the grant date. Additionally, includes the aggregate grant date fair value of 10,870 PSUs granted during 2023 in connection with Ms. Meyer’s services. The grant date fair value of the PSUs involved using a Monte Carlo simulation for the future stock prices of the Company and its corresponding peer group. The aggregate grant date fair value of the RSUs and the PSUs were determined in accordance with ASC 718, determined in accordance with the assumptions set forth in Note 9 - Stock Based Compensation of our Annual Report on Form 10-K. Pursuant to SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. PSUs are forfeited if the performance hurdles are not met during the performance period.

(5)Represents the aggregate grant date fair value of 2,745 RSUs granted during 2023 in connection with Ms. Meyer’s services. The grant date fair value of the RSUs was determined based on the closing stock price on the grant date. Additionally, includes the aggregate grant date fair value of 6,405 PSUs granted during 2023 in connection with Ms. Meyer’s services. The grant date fair value of the PSUs involved using a Monte Carlo simulation for the future stock prices of the Company and its corresponding peer group. The aggregate grant date fair value of the RSUs and the PSUs were determined in accordance with ASC 718, determined in accordance with the assumptions set forth in Note 9 - Stock Based Compensation of our Annual Report on Form 10-K. Pursuant to SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. PSUs are forfeited if the performance hurdles are not met during the performance period.

(6)Mr. Weinstein's separation as CEO on July 15, 2022. On July 15, 2023, Mr. Weinstein received a final severance payment of $700,000 in connection with his 2022 separation for th Company. Mr. Weinstein serves as a director on the board of directors of the Company. Refer to the director compensation table under the Director Compensation section herein.