Exhibit 10.2

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AMENDMENT NO. 1 TO

SECURITIES PURCHASE AGREEMENT

This Amendment No. 1 to Securities Purchase Agreement (the “Amendment”) is made
and entered into as of May 30, 2019, by and among Westwater Resources, Inc., a
Delaware corporation (the “Company”), and Lincoln Park Capital Fund, LLC, an
Illinois limited liability company (the “Buyer”).

Recitals

A.The Company and the Buyer previously entered into the Securities Purchase
Agreement, dated May 24, 2019, by and among the Company and the Buyer (the
“Agreement”) pursuant to which the Company agreed to issue to the Buyer: (i)
104,294 shares of common stock, par value $0.0001 per share (the “Common
Stock”), of the Company (such 104,294 shares of Common Stock collectively
referred to herein as the “Common Shares”), and (ii) warrants, in the form
attached to the Agreement as Exhibit A (the “Warrants”), to initially purchase
an aggregate of up to 182,515 shares of Common Stock, at an exercise price of
$5.05 per share, in reliance upon the exemption from securities registration
afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933
Act”), and Rule 506(b) of Regulation D as promulgated by the SEC under the 1933
Act, for an aggregate purchase price of $550,000. 

B.Pursuant to Section 9(e) of the Agreement, the Agreement may only be amended
by the written consent of the Company and the Buyer.  

C.The Company and the Buyer desire to increase (i) the aggregate purchase price
for the Common Shares and the Warrants to be purchased by the Buyer pursuant to
the Agreement from $550,000 to $550,751, and (ii) the exercise price of the
Warrants from $5.05 per share to $5.062 per share. 

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

1.Amendment to Recital A.   Recital A of the Agreement is hereby amended and
restated in its entirety as follows: 

“A.The Buyer wishes to purchase, and the Company wishes to sell, upon the terms
and subject conditions stated in this Agreement, (i) 104,294 shares of Common
Stock (defined below) (collectively, the “Common Shares”) and (ii) warrants, in
the form attached hereto as Exhibit A (the “Warrants”), to initially purchase an
aggregate of up to 182,515 shares of Common Stock (collectively, the “Warrant
Shares”), at an exercise price of $5.062 per share, in reliance upon the
exemption from securities registration afforded by Section 4(a)(2) of the
Securities Act of 1933, as amended (the “1933 Act”), and Rule 506(b) of
Regulation D (“Regulation D”) as promulgated by the SEC under the 1933 Act.
“Common Stock” means the common stock of the Company, par value $0.001 per
share, and any other class of securities into which such securities may
hereafter be reclassified or changed.” 

2.Amendment to Section 1(c).  Section 1(c) of the Agreement is hereby amended
and restated in its entirety as follows:  

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“(c)Purchase Price.  The aggregate gross purchase price for the Common Shares
and the Warrants to be purchased by the Buyer hereunder shall be $550,751.”  

3.Amendment to Section 1(b) of Exhibit A.  Section 1(b) of Exhibit A to the
Agreement is hereby amended and restated in its entirety as follows:  

“(b)Exercise Price.  For purposes of this Warrant, “Exercise Price” means
$5.062, subject to adjustment as provided herein.” 

4.Representations and Warranties: Each party hereto represents and warrants as
of the date hereof that such party has full power and authority to enter into
the Amendment, and that when executed and delivered by such party, and assuming
execution and delivery by the other parties, will constitute a legal, valid and
binding obligation of such party, enforceable against it in accordance with its
terms, except to the extent that such enforcement may be subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws of general
application relating to or affecting enforcement of creditors’ rights and laws
concerning equitable remedies. 

5.Entire Agreement: The Agreement (including the Exhibits thereto), as amended
by this Amendment, constitutes (along with the documents referred to in the
Agreement) a complete and exclusive statement of the terms of the agreement
between the Company and the Buyer with respect to its subject matter, and any
reference to the Agreement (including the Exhibits thereto) shall be a reference
to the Agreement (including the Exhibits thereto) as amended hereby. 

6.Miscellaneous: The terms and conditions of Section 9 of the Agreement are
hereby incorporated by reference and made a part hereof, mutatis mutandis. 

(Signature pages follow)

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IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to Securities
Purchase Agreement as of the date first written above.

 

    

   COMPANY: 

 

WESTWATER RESOURCES, INC. 

 

 

By:     /s/ Christopher M. Jones                        

Name: Christopher M. Jones

Title: President & Chief Executive Officer

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Signature Page to Amendment No. 1 to Securities Purchase Agreement

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IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to Securities
Purchase Agreement as of the date first written above.

 

 

 

BUYER: 

 

LINCOLN PARK CAPITAL FUND, LLC 

BY: LINCOLN PARK CAPITAL, LLC 

BY: ROCKLEDGE CAPITAL CORPORATION 

 

 

 

 

By:    /s/ Joshua Scheinfeld                      

Name: Joshua Scheinfeld

Title: President

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Signature Page to Amendment No. 1 to Securities Purchase Agreement