NewLake Capital Partners Inc

During the quarter ended December 31, 2024, no director or officer of the Company adopted, modified orterminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, each as defined in Item 408 of Regulation S-K.

On March 6, 2025, the Company entered an amended and restated employment agreement with Ms. Lisa Meyer, effective June 13, 2025 (the “Effective Date”), pursuant to which she will continue to serve as the Chief Financial Officer, Treasurer and Secretary of the Company (the “Amended and Restated Employment Agreement”). As of the Effective Date, the Amended and Restated Employment Agreement will replace and supersede Ms. Meyer’s existing employment agreement (the “Prior Employment Agreement”) with the Company, which expires on June 13, 2025.

The Amended Employment Agreement modifies certain terms of the Prior Employment Agreement, including, but not limited to (i) adding the requirement that Ms. Meyer be employed at the end of the fiscal year in order to receive the Annual Bonus, unless Ms. Meyer is terminated without Cause, for Good Reason or due to her Death or Disability (as each term is defined in the Amended Employment Agreement); (ii) removing the provisions that Ms. Meyer is entitled to receive the Accrued Obligations (as such term is defined in the Amended Employment Agreement) in the event she is terminated without Cause, resigns for Good Reason, terminated due to her Death or Disability or terminated due to the non-renewal of the Term (as such term is defined in the Amended Employment Agreement) by the Company; and (iii) adding a provision that in the event (A) Ms. Meyer is terminated from the Company due to the non-renewal of the Term by the Company; (B) such termination occurs after the signing of a purchase or sale agreement that would result in a Change of Control (as such term is defined in the Amended Employment Agreement); (C) the Change of Control is not consummated prior to the termination; and (D) Ms. Meyer executes and does not timely revoke a written Release (as such term is defined in the

Amended Employment Agreement) in accordance with the terms of such Release, then Ms. Meyer shall be entitled to the following: (1) the Prior Year Bonus (as such term is defined in the Amended Employment Agreement) that was earned but unpaid as of the termination date; (2) the Pro Rata Bonus (as such term is defined in the Amended Employment Agreement); (3) a severance payment, equal to one times Ms. Meyer’s Base Salary (as such term is defined in the Amended Employment Agreement) in effect on the date of termination (without giving effect to any reduction in Base Salary that constitutes Good Reason) plus the target Annual Bonus for the year in which the termination occurred; (4) immediate vesting of any outstanding Company equity awards; and (5) a lump-sum payment equal to the COBRA premiums that Ms. Meyer would pay if she elected COBRA under the Company’s health plan for herself and her dependents for the 18-month period following the date of termination.

All other material terms contained in the Prior Employment Agreement remain substantially unchanged in the Amended Employment Agreement. The foregoing description of the Amended Employment Agreement does not purport to be complete and is qualified in its entirety by the full text of the Amended Employment Agreement, a copy of which will be filed with our Quarterly Report on Form 10-Q for the quarter ending March 31, 2025.