Document:

Exhibit 10.12

 Exhibit 10.12 
 CONTRIBUTION AND SUBSCRIPTION AGREEMENT 
 WHEELER REAL ESTATE INVESTMENT
TRUST, L.P. 
 THE UNITS ACQUIRED HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, STATE SECURITIES LAWS OR THE LAWS
OF ANY COUNTRY OUTSIDE THE UNITED STATES. ISSUANCE OF THE UNITS IS MADE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION. THE UNITS CANNOT BE SOLD, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED IN COMPLIANCE WITH FEDERAL AND STATE
SECURITIES LAWS OR PURSUANT TO AN EXEMPTION THEREFROM. 
 IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION
OF THE PERSON OR ENTITY CREATING THE UNITS AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THE UNITS BEING OFFERED HEREBY HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY.
FURTHERMORE THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 
 Wheeler Real Estate Investment Trust, L.P. 
 Riversedge North 

2529 Virginia Beach Blvd. 
 Suite 200 

Virginia Beach, VA 23452 
 Ladies and Gentlemen:

 The undersigned (the “Subscriber”) understands and acknowledges that Wheeler Real Estate Investment Trust, L.P., a
Virginia limited partnership (the “Company”), is offering for sale, to certain qualifying subscribers, Partnership Common Units (the “Units”) in the Company pursuant to this Contribution and Subscription Agreement (the
“Subscription Agreement”) and the Company’s Amended and Restated Agreement of Limited Partnership (the “Partnership Agreement”). 
 The Subscriber understands and acknowledges that the Company has not retained counsel to represent the interests of the Subscribers, and that each Subscriber should consult with its own legal, tax and
investment advisors regarding a potential purchase of Units. 
 The Subscriber acknowledges that the Subscriber is not acting on
the basis of any representations or warranties other than those contained herein and understands that the offering of the Units (the “Offering”) is being made pursuant to one or more exemptions from registration

 
and without registration of the Units under the Securities Act of 1933, as amended (the “Securities Act”), or any securities, “blue sky” or other similar laws of any state
(“State Securities Laws”). 
 The Subscriber understands that the Company has been formed by Wheeler Real Estate
Investment Trust, Inc., a Maryland corporation (“REIT”) which is the general partner of the Company. The Offering is being made in contemplation of the initial public offering of shares of the common stock of the REIT (“REIT
Shares”) and the contemporaneous acquisition by the Company in a series of related transactions (the “Related Acquisitions”) of multiple real properties or entities that own real properties. The Subscriber has been provided a copy of
and an opportunity to review the Company’s Private Placement Memorandum dated             , 2012 in connection with the Offering. 

1. Basic Transaction and Consideration. The Company is offering the Units pursuant hereto in consideration for the contribution by
Subscriber to the Company of all of its membership interests (“Membership Interests”) in             , LLC, a Virginia limited liability company (“Property Owner”). The
Property Owner is the owner of certain real property and improvements located in             . 
 2. Contribution and Subscription. 
 (a) Subject to the terms and conditions
hereof and the provisions of the Partnership Agreement, Subscriber shall contribute, sell, assign and transfer all of its Membership Interests to the Company in consideration for the issuance by the Company to Subscriber of that number of Units
equal to (x) Subscriber’s Sale Percentage (as defined below) in the Property Owner multiplied by (y) the Property Owner Valuation (as defined below) divided by (z) the per share issuance price of the REIT’s common stock in
its contemplated initial public offering. “Sale Percentage” means the percentage of net proceeds that would be distributed to Subscriber as a member of the Property Owner, in accordance with the Property Owner’s operating agreement as
in effect immediately prior to Closing, upon the sale of all or substantially all of the Property Owner’s assets for an amount equal to the Property Owner Valuation. “Property Owner Valuation” means the aggregate purchase price for
100% of the Membership Interests in the Property Owner, which shall be $            plus or minus such customary credits, pro rations and other adjustments for operating costs and
liabilities as may be agreed by the Company and the manager of the Property Owner in connection with Closing (as defined below). Notwithstanding the foregoing, in the event that the undersigned has elected Option B pursuant to the Consent and
Election in the form attached hereto as Appendix A (“Consent and Election”), the Company shall deliver cash payment to the undersigned in an amount equal to the undersigned’s Sale Percentage multiplied by the Property Owner
Valuation, minus any applicable withholding taxes. 
 (b) The undersigned agrees that this Subscription Agreement shall be
irrevocable and shall survive the death, dissolution or legal incapacity of the Subscriber. 

  
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 (c) The Company has entered into separate but substantially identical Contribution and
Subscription Agreements in connection with this Offering (the “Other Subscription Agreements” and, together with this Subscription Agreement, the “Subscription Agreements”) with other purchasers (the “Other
Purchasers”), providing for the issuance to the Other Purchasers of the Company’s securities and the admission of the Other Purchasers to the Company as limited partners. This Subscription Agreement and the Other Subscription Agreements
are separate agreements, and the sales of the Company’s securities to the Subscriber and the Other Purchasers are to be separate sales. 
 (d) The consideration described in Section 2 shall be issued or paid, as applicable, at Closing to the Property Owner’s manager or an account designated by the Property Owner’s manager, for
further distribution by such manager to the undersigned following Closing. 
 3. General Consent and Waiver. 

(a) The undersigned consents to the sale and transfer of its Membership Interests on the terms set forth herein and to the sale and
transfer of the other membership interests in the Property Owner on substantially the terms described herein, and expressly waives any and all consent rights, rights of first refusal, appraisal rights or other similar rights or restrictions on
transfer, including without limitation those set forth in the operating agreement of the Property Owner. The undersigned hereby releases and forever discharges the Company, the Property Owner, and their respective members, partners, directors,
officers, managers, agents, attorneys, and representatives, of and from any and all manner of actions, claims, causes of action, suits, debts, demands, sums of money, controversies, damages, judgments, losses, costs, expenses, liabilities and
obligations, of any nature whatsoever, including but not limited to those arising from any membership interest in the Property Owner, any rights, title or interest therein, or any distribution, compensation, bonus, options or remuneration of any
type or nature whatsoever, whether arising at law, in equity or otherwise, which such person may now or, hereafter can, shall or may have, against any of them, arising on or prior to the date hereof. 

(b) Each Subscriber who has selected Option A pursuant to the attached Consent and Election, upon execution hereof shall be deemed to
have executed and delivered the Partnership Agreement of the Company, and upon acceptance of this Subscription Agreement by the Company and Closing (as defined below), Subscriber shall be bound by the Partnership Agreement and subject to all rights
and obligations thereof. 
 4. Acceptance of Subscription. The Subscriber understands and acknowledges that (a) the
Company has the unconditional right, exercisable in its sole and absolute discretion, to accept (in whole or in part) or reject this Subscription Agreement, (b) this Subscription Agreement shall not be valid or binding unless and until accepted
by the Company, (c) this Subscription Agreement shall be deemed to be accepted by the Company only when it is signed by an authorized signatory on behalf of the Company, and (d) notwithstanding anything in this Subscription Agreement to
the contrary, the Company shall have no obligation to issue any Units under any circumstances that may constitute a violation of the Securities Act or any State Securities Laws or any other statutes, laws, rules or regulations (the
“Laws”). The Company will 

  
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notify the Subscriber promptly after all conditions hereto have been satisfied, at which time the Purchase Price shall be deemed accepted by the Company and the Units shall be issued to the
Subscriber (the “Closing”). 
 5. Representations and Warranties of the Company. The Company represents and
warrants that as of the Closing: 
 (a) The Company is duly formed and is validly existing as a limited partnership under the
laws of the Commonwealth of Virginia with full power and authority to conduct its business as currently conducted. 
 (b) The
Units have been duly authorized by the Company and, when issued and paid for in accordance with the terms herein and in the Partnership Agreement, will be validly issued. 
 6. Representations and Warranties of the Subscriber. 
 (a) Each Subscriber
who has selected Option A pursuant to the attached Consent and Election hereby represents and warrants to and covenants with the Company as follows: 
 (i) Accuracy of Information. All of the information provided by the Subscriber pursuant to this Subscription Agreement is true, correct and complete in all respects, and the Company shall be
entitled to rely thereon. Any other information the Subscriber has provided to the Company about the Subscriber is correct and complete as of the date of this Subscription Agreement. 

(ii) Disclosure Advice. The Subscriber has either consulted the Subscriber’s own investment adviser, attorney or accountant
about the investment and proposed purchase of any Units and its suitability to the Subscriber or chosen not to do so, despite the recommendation of that course of action by the Company. To the extent necessary, the Subscriber has retained, at the
Subscriber’s own expense, and relied upon, appropriate professional advice regarding the investment, tax and legal merits, risks and consequences of this Subscription Agreement and of purchasing and owning the Units. Any special acknowledgment
set forth herein shall not be deemed to limit the generality of this representation and warranty. 
 The Subscriber has received
a copy of the form of the Partnership Agreement of the Company, and the Subscriber understands the risks of, and other considerations relating to, a purchase of any Units, including that by its execution hereof, the undersigned shall become a party
to, and bound by the Partnership Agreement. The Subscriber has been given access to, and prior to the execution of this Subscription Agreement the Subscriber was provided with an opportunity to ask questions of, and receive answers from, the
Company’s officers and directors concerning the terms and conditions of the offering of Units, and to obtain any other information which the Subscriber and the Subscriber’s investment representative and professional advisors requested with
respect to the Company and the Subscriber’s investment in the Company in order to evaluate the Subscriber’s investment and verify the accuracy of all information furnished to 

  
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the Subscriber regarding the Company. All such questions, if asked, were answered satisfactorily and all information or documents provided were found to be satisfactory. 

(iii) Investment Representation and Warranty. The Subscriber is acquiring the Subscriber’s Units for the Subscriber’s
own account or for one or more separate accounts maintained by the Subscriber or for the account of one or more pension or trust funds of which the Subscriber is trustee as to which the Subscriber is the sole qualified professional asset manager
within the meaning of Prohibited Transaction Exemption 84-14 (a “QPAM”) for the assets being committed hereunder, in each case not with a view to or for sale in connection with any distribution of all or any part of such Units. The
Subscriber hereby agrees that the Subscriber will not, directly or indirectly, assign, transfer, offer, sell, pledge, hypothecate or otherwise dispose of all or any part of such Units (or solicit any offers to buy, purchase or otherwise acquire or
take a pledge of all or any part of the Units) except in accordance with the registration provisions of the Securities Act or an exemption from such registration provisions, with any applicable state or other securities laws, and with the terms of
the Partnership Agreement. If the Subscriber is purchasing for the account of one or more pension or trust funds, the Subscriber represents that (except to the extent the Subscriber has otherwise advised the Company in writing prior to the date
hereof) the Subscriber is acting as sole trustee or sole QPAM for the assets being committed hereunder and has sole investment discretion with respect to the acquisition of the Units to be purchased by the Subscriber pursuant to this Subscription
Agreement, and the determination and decision on the Subscriber’s behalf to purchase such Units for such pension or trust funds is being made by the same individual or group of individuals who customarily pass on such investments, so that the
Subscriber’s decision as to purchases for all such funds is the result of such study and conclusion. The Subscriber has not offered or sold any portion of the Units and has no present intention of dividing such Units with others or of reselling
or otherwise disposing of any portion of such Units either currently or after the passage of a fixed or determinable period of time or upon the occurrence or nonoccurrence of any predetermined event or circumstance. 

(iv) Representation of Investment Experience and Ability to Bear Risk. The Subscriber (A) is knowledgeable and experienced
with respect to the financial, tax and business aspects of the ownership of the Units and/or the REIT Shares and of the business contemplated by the Company and the REIT, and is capable of evaluating the risks and merits of purchasing the Units and,
in making a decision to proceed with this investment, has not relied upon any representations, warranties or agreements, other than those set forth in this Subscription Agreement and the Partnership Agreement, if any, and (B) can bear the
economic risk of an investment in the Company for an indefinite period of time, and can afford to suffer the complete loss thereof. 
 (v) Accredited Investor. Except as disclosed in Appendix B hereto, the Subscriber is an accredited investor within the meaning of rule 501(a) of Regulation D promulgated under the Securities
Act by reason of the fact that the Subscriber is: 
 (a) a natural person and the Subscriber’s individual net worth, or
joint net worth with the Subscriber’s spouse, at the time of this purchase exceeds $1,000,000 

  
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(excluding the value of Subscriber’s primary residence) or a natural person who had an individual income in excess of $200,000 in each of the two previous years, or joint income with the
Subscriber’s spouse in excess of $300,000 in each of those years, and reasonably expects to reach the same income level in the current year. Further, the Subscriber has adequate means of providing all the Subscriber’s current and
foreseeable needs and personal contingencies and has no need for liquidity in this investment; 
 (b) an organization described
in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, as a corporation, a Massachusetts or similar business trust, or a partnership, not formed for the specific purpose of acquiring the Subscriber’s Units, with total
assets in excess of $5,000,000; 
 (c) a trust, with total assets in excess of $5,000,000, not formed for the specific purpose
of acquiring the Subscriber’s Units in the Company, and this purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D promulgated under the Securities Act; 

(d) any director, executive officer or general partner of the Company; 

(e) a bank as defined in Section 3(a)(2) of the Securities Act, or a savings and loan association or other institution as
defined in Section 3(a)(5)(A) of the Securities Act whether acting in an individual or fiduciary capacity; a broker dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; an insurance company as defined in
Section 2(13) of the Securities Act; an investment company registered under the Investment Company Act or a business development company as defined in Section 2(a)(48) of that Act; a Small Business Investment Company licensed by the U.S.
Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; a plan established and maintained by a state of the United States of America, its political subdivisions, or any agency or
instrumentality of a state of the United States of America or its political subdivisions, for the benefit of its employees that has total assets in excess of $5,000,000; an employee benefit plan within the meaning of Section 3(3) of ERISA
whereby the investment decision is made by a plan fiduciary, as defined in Section 3(21) of ERISA, which is either a bank, savings and loan association, insurance company or registered investment adviser; an employee benefit plan that has total
assets in excess of $5,000,000; or an employee benefit plan that is a self-directed plan, with investment decisions made solely by persons that are accredited investors; 
 (f) a private business development company as defined in Section 202(a)(22) of the Advisers Act; or 
 (g) an entity of which all of the equity owners are accredited investors as defined by any of the above Subsections (a) through (f). 

(vi) Awareness of Risks; Suitability. The Subscriber represents and warrants that the Subscriber is aware that the Company has no
operating history and currently owns no assets other than certain real properties to be acquired in connection herewith and in the Related 

  
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Acquisitions. Subscriber understands that the Units involve a substantial degree of risk of loss of the Subscriber’s entire investment, including without limitation, risks associated
generally with start-up businesses and risks associated with investments in the capital markets, and that there is no assurance of any income from the Subscriber’s investment. The Subscriber has evaluated the risks involved in investing in the
Units and has determined that the Units are a suitable investment for the Subscriber. Specifically, the aggregate amount of the investments the Subscriber has in, and the Subscriber’s commitments to, all similar investments that are illiquid is
reasonable in relation to the Subscriber’s net worth, both before and after the subscription for and purchase of the Units pursuant to this Subscription Agreement. 
 (vii) Residence. The Subscriber maintains the Subscriber’s domicile at the address shown in the signature page of this Subscription Agreement and the Subscriber is not merely transient or
temporarily resident there. 
 (viii) No Conflict; No Violation. The execution and delivery of this Subscription
Agreement by the Subscriber and the performance of the Subscriber’s duties and obligations hereunder (i) do not and will not result in a breach of any of the terms, conditions or provisions of, or constitute a default under (A) any
charter, by-laws, trust agreement, operating agreement, partnership agreement or other governing instrument applicable to the Subscriber, (B) (1) any indenture, mortgage, deed of trust, credit agreement, note or other evidence of
indebtedness, or any lease or other agreement or understanding, or (2) any license, permit, franchise or certificate, in either case to which the Subscriber or the Subscriber’s affiliates is a party or by which the Subscriber or any of
them is bound or to which the Subscriber’s or any of their properties are subject; (ii) do not require any authorization or approval under or pursuant to any of the foregoing; or (iii) do not violate any statute, regulation, law,
order, writ, injunction or decree to which the Subscriber or any of the Subscriber’s affiliates is subject. 
 (ix) No
Default. The Subscriber is not (i) in default (nor has any event occurred which with notice, lapse of time, or both, would constitute a default) in the performance of any obligation, agreement or condition contained in this Subscription
Agreement or the Partnership Agreement, or (ii) in violation of any statute, regulation, law, order, writ, injunction, judgment or decree applicable to the Subscriber or any of the Subscriber’s affiliates. 

(x) No Litigation. There is no litigation, investigation or other proceeding pending or, to the Subscriber’s knowledge,
threatened against the Subscriber or any of the Subscriber’s affiliates which, if adversely determined, would adversely affect the Subscriber’s business or financial condition or the Subscriber’s ability to perform the
Subscriber’s obligations under this Subscription Agreement. 
 (xi) OFAC. The Subscriber, and all beneficial owners
of Subscriber (if Subscriber is an entity), are in compliance with the requirements of Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) (the “Order”) and other similar requirements contained in the rules and regulations
of the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) and in any enabling legislation or other Executive Orders in respect thereof (the Order and such other rules, regulations, legislation, or orders are collectively
called the 

  
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“Orders”). For purposes of this subsection, “Person” shall mean any corporation, partnership, limited liability company, joint venture, individual, trust, real estate
investment trust, banking association, federal or state savings and loan institution and any other legal entity, whether or not a party hereto. In addition, neither the Subscriber nor any of the beneficial owners of the Subscriber (if the Subscriber
is an entity): 
 (1) is listed on the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to
the Order and/or on any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Orders (such lists are collectively referred to as the
“Lists”); 
 (2) has been indicted or arrested for money laundering or for predicate crimes to money laundering,
convicted or pled nolo contendere to charges involving money laundering or predicate crimes to money laundering; 
 (3) has
been determined by competent authority to be subject to the prohibitions contained in the Orders; 
 (4) is owned or controlled
by, nor acts for or on behalf of, any Person on the Lists or any other Person who has been determined by competent authority to be subject to the prohibitions contained in the Orders; 

(5) shall transfer or permit the transfer of any interest in the Subscriber or such parties to any Person who is, or whose beneficial
owners are, listed on the Lists; or 
 (6) shall assign this Subscription Agreement or any interest herein, to any Person who
is listed on the Lists or who is engaged in illegal activities. 
 If the Subscriber obtains knowledge that the Subscriber, or, if Subscriber is
an entity, any of Subscriber’s partners, members, stockholders, managers, directors or beneficial owners, become listed on the Lists or are indicted, arraigned, or custodially detained on charges involving money laundering or predicate crimes
to money laundering, the Subscriber shall immediately notify the Company. 
 (xii) Representations Current. The
Subscriber understands that, unless the Subscriber notifies the Company in writing to the contrary before the Closing, all the representations and warranties contained in this Subscription Agreement will be deemed to have been reaffirmed and
confirmed as of the date of the Closing, taking into account all information received by the Subscriber after the date hereof up to the date of the Closing. 
 (xiii) No Tax Representations. The Subscriber is aware that any federal and state tax benefits may be limited by rules regarding basis, amounts at risk, and passive losses, and that any federal
and/or state income tax benefits which may be available to the Subscriber may be lost through the adoption of new laws or regulations, to changes to existing laws and regulations and to changes in the interpretation of existing laws and regulations.
The Subscriber further 

  
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represents that the Subscriber is relying solely on the Subscriber’s own conclusions or the advice of the Subscriber’s own counsel or investment representative with respect to tax
aspects of any investment in the Company and that no representations or warranties have been made to the Subscriber by the Company as to the tax consequences of this investment, or as to credits, profits, losses or cash flow which may be received or
sustained as a result of this investment. The Subscriber is advised to consult its own tax advisors and counsel regarding the tax consequences of investment in the Company. 
 (b) The undersigned, whether having elected Option A or Option B pursuant to the attached Consent and Election, hereby makes the following representations and warranties to the Company as of the Effective
Date and as of the Closing as though made again on and as of such date: 
 (i) Organization and Authority. If other than
a natural person, the undersigned has been duly formed and is validly existing and in good standing under the laws of its jurisdiction of organization. The undersigned has the full right and authority to enter into this Subscription Agreement and to
transfer its Membership Interests and to consummate or cause to be consummated the transactions contemplated by this Subscription Agreement. The persons signing this Subscription Agreement on behalf of the undersigned are authorized to do so.

 (ii) Noncontravention. Neither the entry into nor the performance of, or compliance with, this Subscription Agreement
by the undersigned has resulted, or will result, in any violation of, or default under, or result in the acceleration of, any obligation under any existing organizational documents or agreements, mortgage, indenture, lien agreement, note, contract,
permit, judgment, decree, order, restrictive covenant, statute, rule, or regulation applicable to the undersigned (excluding any loan documents to which the Property Owner or its assets may be subject). 

(iii) Agreement Binding. This Agreement constitutes a legal, valid and binding obligation of the undersigned, enforceable against
the undersigned in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights and by general principles of equity (whether applied in a
proceeding at law or in equity). All other documents executed by the undersigned at or in connection with the Closing will be duly authorized, executed, and delivered by the undersigned, are or at the Closing will be legal, valid, and binding
obligations of the undersigned in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights and by general principles of equity
(whether applied in a proceeding at law or in equity) and do not violate any provisions of any agreement to which the undersigned is a party or to which it is subject (excluding any loan documents to which the Property Owner or its assets may be
subject). 
 (iv) Consents. Each consent, approval, authorization, order, license, certificate, permit, registration,
designation, or filing by or with any governmental agency or body necessary for the execution, delivery, and performance of this Subscription Agreement or the transactions contemplated hereby by the undersigned have been obtained or will be obtained
on or before the Closing. 

  
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 (v) Ownership. The undersigned further represents and warrants to the Company that
(A) it is the owner of the Membership Interests to be conveyed hereby, free and clear of all liens and encumbrances, and has not pledged, collaterally assigned, hypothecated or otherwise encumbered all or any portion thereof, (B) no
understanding, agreement (either express or implied), or reasonable expectancy of agreement with respect to the sale or transfer of such Membership Interests or sale, lease or other transfer of the Property Owner or its assets exists between the
undersigned and any third party, and (C) there are no (i) outstanding or authorized options, warrants, or convertible securities relating to such Membership Interests or (ii) other rights, agreements, arrangements or commitments of
any character relating to such Membership Interests that would be binding on the Company as the successor owner thereof or would encumber such Membership Interests. 
 (vi) Bankruptcy. The undersigned has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its
creditors, suffered the appointment of a receiver to take possession of substantially all of its assets, or suffered the attachment or other judicial seizure of substantially all of its assets. 

(vii) Capacity to Contract. If the undersigned is an individual, he or she represents that he or she is over 21 years of age and
has the capacity to execute, deliver and perform this Subscription Agreement. 
 (viii) Power, Authority; Valid
Agreement. (i) The undersigned has all requisite power and authority to execute, deliver and perform its obligations under this Subscription Agreement and, if applicable, to subscribe for and acquire the Units; (ii) the
undersigned’s execution of this Subscription Agreement has been authorized by all necessary corporate or other action on the undersigned’s behalf; and (iii) this Subscription Agreement is valid, binding and enforceable against the
undersigned in accordance with its respective terms. 
 (ix) Further Assurances. The undersigned agrees to furnish any
additional information requested to assure compliance with the Securities Act, State Securities Laws and any other applicable Laws in connection with the transactions contemplated hereby. 

7. Restrictions on Transfer or Sale of the Units. 
 (a) The Subscriber is acquiring the Units solely for the Subscriber’s own beneficial account, for investment purposes, and not with view to, or for resale in connection with, any distribution of the
Units. The Subscriber understands that the offer and the sale of the Units has not been registered under the Securities Act or any State Securities Laws by reason of specific exemptions under the provisions thereof which depend in part upon the
investment intent of the Subscriber and of the other representations made by the Subscriber in this Subscription Agreement. The Subscriber understands that the Company is relying upon the representations, covenants and agreements contained in this
Subscription Agreement (and any supplemental information) for the purposes of determining whether this transaction satisfies the requirements for such exemptions. 

  
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 (b) The Subscriber understands that the Units are “restricted securities” under
applicable federal securities laws and that the Securities Act and the rules of the SEC provide in substance that the Subscriber may dispose of the Units only pursuant to an effective registration statement under the Securities Act or an exemption
therefrom, and the Subscriber understands that the Company shall have no obligation to register any of the Units purchased by the Subscriber hereunder (or the shares of the REIT’s common stock exchangeable for the Units) or to take action so as
to permit sales pursuant to the Securities Act (including Rule 144 thereunder) except as may be set forth in the Company’s Partnership Agreement. 
 (c) The Subscriber agrees that: (A) the Subscriber will not sell, assign, pledge, give, transfer or otherwise dispose of the Units or any interest therein, or make any offer or attempt to do any of
the foregoing, except pursuant to a registration of the Units under the Securities Act and all applicable State Securities Laws or in a transaction which is exempt from the registration provisions of the Securities Act and all applicable State
Securities Laws; and (B) the Company shall not be required to give effect to any purported transfer of any of the Units except upon compliance with the foregoing restrictions. 

(d) Subscriber acknowledges that (i) the Units are not redeemable or exchangeable for cash or REIT Shares for a minimum of twelve
(12) months after the date of issuance, and (ii) the Units have not been registered under the Securities Act and, therefore, unless registered under the Securities Act or an exemption from registration is available, must be held (and the
Subscriber must continue to bear the economic risk of the investment in the REIT Shares and/or Units) indefinitely and may not be transferred or sold. 
 (e) The Units are subject to restrictions on beneficial and constructive ownership and transfer for the purpose of the REIT’s maintenance of its status as a real estate investment trust under the
Internal Revenue Code of 1986, as amended (the “Code”). Subject to certain further restrictions and except as expressly provided in the REIT’s charter, (i) no person may beneficially or constructively own shares of the
REIT’s common stock in excess of 9.9% (in value or number of shares) of the outstanding shares of common stock of the REIT unless such person is an excepted holder (in which case the excepted holder limit shall be applicable); (ii) no
person may beneficially or constructively own shares of capital stock of the REIT in excess of 9.9% of the value of the total outstanding shares of capital stock of the REIT, unless such person is an excepted holder (in which case the excepted
holder limit shall be applicable); (iii) no person may beneficially or constructively own capital stock that would result in the REIT being “closely held” under section 856(h) of the Code or otherwise cause the REIT to fail to qualify
as a real estate investment trust; and (iv) no person may transfer shares of capital stock if such transfer would result in the capital stock of the REIT being owned by fewer than 100 persons. 

8. Survival and Indemnification. All representations, warranties and covenants contained in this Subscription Agreement and the
indemnification contained in this Paragraph shall survive (i) the acceptance of the Subscription Agreement by the Company, (ii) changes in any transactions, documents and instruments, including the Partnership Agreement, which are not
material or which are to the benefit of the Subscriber, and (iii) the death, incapacity or disability of the Subscriber. The Subscriber acknowledges that it understands the meaning and 

  
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legal consequences of the representations, warranties and covenants contained in this Subscription Agreement, including this Paragraph hereof, and that the Company has relied upon such
representations, warranties and covenants in determining the Subscriber’s qualification and suitability to purchase the Units. The Subscriber hereby agrees to indemnify, defend and hold harmless the Company, and the directors, officers,
employees, agents and controlling persons of the Company, from and against any and all losses, claims, damages, liabilities, expenses (including attorneys’ fees and costs), judgments or amounts paid in settlement of actions arising out of or
resulting from the untruth of any representation in this Subscription Agreement or the breach of any warranty or covenant contained in this Subscription Agreement. 
 9. Cautionary Statements Regarding Forward Looking Statements. 
 Subscriber
is aware that any informational materials reviewed by Subscriber in connection with the Company may contain forward looking statements. Any forward-looking statements contained in any such informational materials were based on current expectations
involving many risks and uncertainties, especially in light of the nature of the Company and its business. The Company’s actual financial results may differ materially from any results which might be projected, forecast, estimated or budgeted
by the Company in forward-looking statements. Among the many factors that could cause actual results to differ materially are general economic conditions, changes in the capital markets, including changes in interest rates and availability of
capital, and competition from businesses engaged in similar enterprises, both those currently in existence as well as those that may arise in the future. 
 10. Consents Regarding Organizational Documents. The undersigned acknowledges that the agreements contained herein and the transactions contemplated hereby and any actions taken in contemplation of
the transactions contemplated hereby may conflict with, and may not have been contemplated by, the organizational documents of the Property Owner or other agreements among one or more holders of ownership interests therein expressly gives all
consents (and any consents necessary to authorize the proper parties in interest to give all consents) and waivers it is entitled to give that are necessary or desirable to facilitate the contribution or contemplated hereby, or other Related
Acquisitions. In addition, if the transactions contemplated hereby occur, this Agreement shall be deemed to be an amendment to the organizational documents of the Property Owner to the extent the terms herein conflict with the terms thereof,
including without limitation, terms with respect to allocations, distributions and the like. In the event the transactions contemplated by this Agreement do not occur, nothing in this Agreement shall be deemed to be or construed as an amendment or
modification of, or commitment of any kind to amend or modify, the organizational documents of the Property Owner, which shall remain in full force and effect without modification. 

11. Conditions to Obligations of the Company. The obligations of the Company to issue and sell the Units are subject to the
following conditions: 
 (a) The representations and warranties of the Subscriber contained in this Subscription Agreement shall
be true and correct in all respects, with the same effect as though such representations and warranties had been made on and as of the date of the Closing. 

  
 12 

 (b) Subscriber shall have duly performed and complied with all agreements and conditions
contained in this Subscription Agreement required to be performed or complied with by the Subscriber prior to or at the time of the Closing, including payment of the Purchase Price. 

(c) The REIT shall have closed or shall close contemporaneously on the initial public offering of its stock on such terms and conditions
as are acceptable to it in its sole discretion. 
 (d) The Company shall have closed or shall close contemporaneously on the
transactions contemplated by that certain Contribution Agreement dated on or about the date hereof between the Company, and             Management, LLC, as Contributor, pursuant to which
such Contributor has contributed its ownership interest in the Property Owner to the Company. 
 12. Notices. All notices
and other communications provided for herein shall be in writing and shall be deemed to have been duly given if delivered personally, sent postage prepaid by registered or certified air mail or overnight air courier with guaranteed delivery, as
follows: 
 (a) if to the Company, at the following address: 

Wheeler Real Estate Investment Trust, L.P. 
 Riversedge North 
 2529 Virginia Beach Blvd., Suite 200 

Virginia Beach, VA 23452 
 (b) if to the Subscriber, at the address set forth on Appendix A, or 
 (c)
at such other address as the Company or the Subscriber shall have specified by notice in writing to the other parties. 
 All
notices and communications under this Subscription Agreement shall be deemed to have been duly given: (a) at the time delivered by hand, if personally delivered; (b) ten (10) days during which federal banks are open for business in
the United States (“Banking Days”) after being sent postage prepaid by registered or certified air mail; and (c) two (2) Banking Days after delivery to the courier, freight prepaid, if sent by overnight air courier guaranteeing
delivery. If a notice or communication is sent in the manner provided above within the time prescribed, it shall be deemed duly given, whether or not the addressee receives it. 

13. Modification or Changes. The undersigned agrees and covenants to notify the Company immediately upon the occurrence of any
event prior to the Closing which would cause any representation, warranty, covenant or other statement contained in this Subscription Agreement to be false or incorrect or of any change in any statement made herein occurring prior to the Closing.

  
 13 

 14. Assignability. This Subscription Agreement is not assignable by the Subscriber,
and may not be modified, waived or terminated except by an instrument in writing signed by the party against whom enforcement of such modification, waiver or termination is sought. 

15. Binding Effect. Except as otherwise provided herein, this Subscription Agreement shall be binding upon and inure to the
benefit of the parties and their heirs, executors, administrators, successors, legal representatives and permitted assigns, and the agreements, representations, warranties and acknowledgments contained herein shall be deemed to be made by and be
binding upon such heirs, executors, administrators, successors, legal representatives and permitted assigns. If more than one person or entity subscribes for the Units purchased hereunder, the Subscriber and all other subscribers for the Units
purchased hereunder shall be jointly and severally liable with respect to all the agreements, representations, warranties and acknowledgments governed herein, all of which shall be deemed to be made by and be binding upon each such person and their
respective heirs, executors, administrators and successors. 
 16. Obligations Irrevocable. The obligations of the
Subscriber hereunder shall be irrevocable, except with the consent of the Company or termination of the Offering. 
 17.
Expenses. Each of the Company and Subscriber shall bear its own expenses incurred in connection with this Subscription Agreement and Subscriber’s investment in the Company. 

18. Integration. This Subscription Agreement, together with the Partnership Agreement, constitute the entire agreement of the
Subscriber and the Company relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written. Subscriber agrees to comply fully with the terms and conditions of the Partnership Agreement which shall
govern the Company and Subscriber’s investment therein. 
 19. Governing Law. This Subscription Agreement shall be
governed and controlled as to the validity, enforcement, interpretations, construction and effect and in all other aspects by the substantive laws of the Commonwealth of Virginia, without regard to the conflicts of law provisions hereof. The sole
venue for any dispute under this Subscription Agreement shall be courts of competent jurisdiction sitting in Norfolk, Virginia. The Subscriber hereby irrevocably and unconditionally submits to the jurisdiction of such courts and waives any objection
to inconvenient forum or venue with respect to any dispute arising hereunder. 
 20. Severability. If any provision of
this Subscription Agreement or the application thereof to the Subscriber shall be held invalid or unenforceable to any extent, the remainder of this Subscription Agreement shall be enforced to the greatest extent permitted by law. 

21. Headings. The headings in this Subscription Agreement are inserted for convenience and identification only and are not
intended to describe, interpret, define, or limit the scope, extent or intent of this Subscription Agreement or any provision hereof. 

  
 14 

 22. Counterparts. This Subscription Agreement may be executed in any number of
counterparts, whether by original signature or electronic transmission, each of which when so executed and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same original agreement. 

Executed and Delivered as of the date first above written by the undersigned. 

 

	
	  

	Name:
	Title:

  
 15 

 APPENDIX A 

CONSENT AND ELECTION 
 [attached] 

  
 1 

 APPENDIX B 
 SUBSCRIPTION FOR UNITS IN 
 WHEELER REAL ESTATE INVESTMENT TRUST, L.P.

 TYPE OF OWNERSHIP (Check One): 
  

	(    )	INDIVIDUAL OWNERSHIP (one signature required) 

  

	(    )	JOINT TENANTS WITH RIGHT OF SURVIVORSHIP (both parties must sign) 

  

	(    )	TENANTS IN COMMON (all parties must sign) 

  

	(    )	CORPORATION (include copies of the documents described in 2 below) 

  

	(    )	PARTNERSHIP OR LIMITED LIABILITY COMPANY (include copies of the documents described in 3 below) 

 

	(    )	TRUST (include copies of the documents described in 4 below) 

 ****************** 
 PLEASE EXECUTE THE FOLLOWING PAGES 

  
 2 

 WHEELER REAL ESTATE INVESTMENT TRUST, L.P. 

Please execute this Subscription Agreement by completing the appropriate section below. 

 

	1.	INDIVIDUAL: 

 If
the subscriber is an INDIVIDUAL, complete the following: 
  

					
	  
	  	  
	  	(if applicable)
	Signature of Investor	  	 Signature of Joint Owner
 or
Co-Owner
	  	
			
	  
	  	  
	  	(if applicable)
	Name (Please type or print)	  	 Name of Joint Owner
 or
Co-Owner
	  	
			
	  
	  	  
	  	
		  	Telephone Number	  	
			
	  
	  	  
	  	
	Mailing Address	  	Fax Number	  	
			
	  
	  		  	
	Email Address	  		  	
			
	  
	  		  	
	Social Security Number/Tax Identification Number (Required for tax purposes)
			
	  
	  		  	
	Tax domicile (Required for tax purposes)	  		  	
			
	  
	  		  	
	Date	  		  	
	
	 If Check is to be sent to a different address please indicate below:

			
	  
	  		  	
			
	  
	  		  	
	Check Address	  		  	

  
 3 

	2.	CORPORATION: 

 If
the subscriber is a CORPORATION, complete the following: 
 The undersigned hereby represents, warrants and agrees that (i) the undersigned
has been duly authorized by all requisite action on the part of the corporation listed below (the “Corporation”) to acquire the Units, (ii) the Corporation has all requisite power and authority to acquire the Units, and (iii) the
undersigned officer of the Corporation has authority under the Articles of Incorporation, Bylaws, and resolutions of the Board of Directors of the Corporation to execute this Subscription Agreement. The undersigned officer encloses a true copy of
the Articles of Incorporation, the Bylaws and, as necessary, the resolutions of the Board of Directors authorizing a purchase of the Units, in each case as amended to date. 

 

			
	  
 Name of Corporation (Please
type or print)
	  	
		
	By:                             
                                         
               	  	
	Name:                             
                                         
          	  	
	Title:                            
                                         
             	  	
		
	  
	  	
	Country of Formation	  	
	  
	  	  

		  	Telephone Number
	  
	  	  

	Mailing Address	  	Fax Number
		
	                             
                                         
                                         
       	  	
	Tax Identification Number (Required for tax purposes)	  	
		
	
                        
                                         
                                         
            
	  	
	Tax domicile (Required for tax purposes)	  	
		
	                             
                                        
                                         
       	  	
	Date	  	
		
	If Check is to be sent to a different address please indicate below:	  	
	  
	  	
		
		  	
	  
 Check
Address
	  	

  
 4 

 3. PARTNERSHIP OR LIMITED LIABILITY COMPANY: 

If the subscriber is a PARTNERSHIP OR LIMITED LIABILITY COMPANY, complete the following: 

The undersigned hereby represents, warrants and agrees that (i) the undersigned is a general partner of the partnership named below
(the “Partnership”) or a manager or authorized member of the limited liability company named below (“LLC”), (ii) the undersigned general partner, manager, or member has been duly authorized by the Partnership, or LLC, to
acquire the Units and the general partner, manager, or member has all requisite power and authority to acquire the Units, and (iii) the undersigned general partner, manager, or member is authorized by the Partnership, or LLC, to execute this
Subscription Agreement. The undersigned general partner, manager, or member encloses a true copy of the Partnership Agreement of the Partnership, or Operating Agreement of the LLC, each as amended to date, together with a current and complete list
of all partners, managers or members and, as necessary, the resolutions of the Partnership, or LLC, authorizing the purchase of the Units. 
  

			
	  
	  	 
	Name of Partnership or Limited Liability Company	  	 
	(Please type or print)	  	
		
	By:                             
                                         
          	  	
	Name:                             
                                         
     	  	
	Title: General Partner/Manager/Authorized Member (circle one)	  	
		
	  
	  	
	Country of Formation	  	
		
	  
	  	  

		  	Telephone Number
		
	  
	  	  

	Mailing Address	  	Fax Number
		
	  
	  	
	Tax Identification Number (Required for tax purposes)	  	
		
	  
	  	
	Tax domicile (Required for tax purposes)	  	
		
		  	
	Date	  	
		
	If Check is to be sent to a different address please indicate below:	  	
		
	  
	  	
		
	  
	  	
	Check Address	  	

  
 5 

	4.	TRUST: 

 If the
subscriber is a TRUST, complete the following: 
 The undersigned hereby represents, warrants and agrees that (i) the
undersigned trustee is duly authorized by the terms of the trust instrument (“Trust Instrument”) for the trust (“Trust”) set forth below to acquire the Units, (ii) the undersigned, as trustee, has all requisite power and
authority to acquire such Units for the Trust, and (iii) the undersigned trustee is authorized by such Trust to execute this Subscription Agreement. The undersigned trustee encloses a true copy of the Trust Instrument of said Trust, as amended
to date, and, as necessary, the resolutions of the Trustees authorizing the purchase of the Units. 
  

									
	  
	  	
	Name of Trust (Please type or print)	  	
		
	By:                           
                                         
        	  	
		
	Name:                           
                                         
   	  	
		
	Title: Trustee	  	
		
	  
 Country of
Formation
	  	
	  
	 		 	  

		 		 		 	Telephone Number
	  
	 		 	  

	Mailing Address	 		 		 	Fax Number
		
	  
	  	
	Tax Identification Number (Required for tax purposes)
		
	  
	  	
	Tax domicile (Required for tax purposes)
		
	                           
                                         
                                         
                                         
                                	  	
	Date	  	
	
	If Check is to be sent to a different address please indicate below:
		
	  
	  	
		
	  
	  	
	Check Address	  	

  
 6 

 [THIS PAGE FOR INDIVIDUAL INVESTORS ONLY] 

INITIAL EACH BOX TRUE OR FALSE OR COMPLETE, AS APPROPRIATE 
 Verification of Status as “Accredited Investor” under Regulation D. 
  

					
	1.	  	 ̈ True  ̈ False	 	You are a natural person (individual) acting for your own personal account and not as an agent or representative of any person or entity (domestic or foreign).
			
	2.	  	 ̈ True  ̈ False	 	You are a natural person (individual) whose own net worth, taken together with the net worth of your spouse, exceeds $1,000,000. Net worth for this purpose means total assets
(excluding primary residence but including personal property and other assets) in excess of total liabilities.
			
	3.	  	 ̈ True  ̈ False	 	You are a natural person (individual) who had an individual income in excess of $200,000 in each of the two previous years, or joint income with your spouse in excess of $300,000 in
each of those years, and who reasonably expects to reach the same income level in the current year.
			
	4.	  	 ̈ True  ̈ False	 	You are a director or executive officer of the Company.
			
	5.	  	 ̈ True  ̈ False	 	You have such knowledge and experience in financial and business matters that you are capable of evaluating the merits and risks of investing in the Units.
	
	Disclosure of Foreign Citizenship.
			
	1.	  	 ̈ True  ̈ False	 	You are a citizen of a country other than the United States.

  
 7 

 [FOR INVESTORS OTHER THAN INDIVIDUALS] 

INITIAL EACH BOX TRUE OR FALSE 
  

					
	1.	  	 ̈ True  ̈ False	 	You are either (i) a bank, or any savings and loan association or other institution acting in its individual or fiduciary capacity; (ii) a broker dealer; (iii) an
insurance company; (iv) an investment company or a business development company under the Investment Company Act of 1940; (v) a Small Business Investment Company licensed by the U.S. Small Business Administration; (vi) an employee
benefit plan whose investment decision is being made by a plan fiduciary, which is either a bank, savings and loan association, insurance company or registered investment adviser, or an employee benefit plan whose total assets are in excess of
$5,000,000 or a self-directed employee benefit plan whose investment decisions are made solely by persons that are accredited investors; or (vii) a plan established and maintained by a state of the United States, its political subdivisions, or
any agency or instrumentality of a state of the United States or its political subdivisions, for the benefit of its employees that has total assets in excess of $5,000,000.
			
	 2.
	  	 ̈ True  ̈ False
	 	You are a private business development company.
			
	3.	  	 ̈ True  ̈ False	 	You are either (i) an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, (ii) a corporation, (iii) a Massachusetts or
similar business trust, or (iv) a partnership, in each case not formed for the specific purpose of acquiring the securities offered and in each case with total assets in excess of $5,000,000.
			
	4.	  	 ̈ True  ̈ False	 	You are an entity as to which all the equity owners are accredited investors.
			
	5.	  	 ̈ True  ̈ False	 	You are a trust, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000 and whose purchase is directed by a sophisticated
person.
			
	6.	  	 ̈ True  ̈ False	 	You (i) were not formed, and (ii) are not being utilized, primarily for the purpose of making an investment in the Company.

  
 8 

					
	7.	  	 ̈ True  ̈ False	 	You are, or are acting on behalf of, (i) an employee benefit plan within the meaning of Section 3(3) of ERISA, whether or not such plan is subject to ERISA, (ii) a plan
described in Section 4975(e)(1) of the Internal Revenue Code of 1986, as amended, or (iii) an entity which is deemed to hold the assets of any such employee benefit plan pursuant to 29 C.F.R. § 2510.3-101. For example, a plan which is
maintained by a foreign corporation, governmental entity or church, a plan covering no common-law employees and an individual retirement account are employee benefit plans within the meaning of Section 3(3) of ERISA but generally are not subject to
ERISA (collectively, “Non-ERISA Plans”). In general, a foreign or U.S. entity which is not an operating company and which is not publicly traded or registered as an investment company under the Investment Company Act and in which 25% or
more of the value of any class of equity interests is held by employee pension or welfare plans (including an entity which is deemed to hold the assets of any such plan), would be deemed to hold the assets of one or more employee benefit plans
pursuant to 29 C.F.R. § 2510.3-101. However, if only Non-ERISA Plans were invested in such an entity, the entity generally would not be subject to ERISA. For purposes of determining whether this 25% threshold has been met or exceeded, the
value of any equity interests held by a person (other than such a plan or entity) who has discretionary authority or control with respect to the assets of the entity, or any person who provides investment advice for a fee (direct or indirect) with
respect to such assets, or any affiliates of such person, is disregarded.
			
	8.	  	 ̈ True  ̈ False	 	You are, or are acting on behalf of, such an employee benefit plan, that is subject to ERISA or a plan described in Section 4975(e)(1) of the Internal Revenue Code of 1986, as
amended, or are an entity deemed to hold the assets of any such plan or plans (i.e., you are subject to ERISA).
			
	9.	  	 ̈ True  ̈ False	 	You are a U.S. pension trust or governmental plan qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended or a U.S. tax-exempt organization qualified under
Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
			
	10.	  	 ̈ True  ̈ False	 	You are acting on behalf of an insurance company general account and any part of the general account represents interests that may be deemed to be assets of benefit plan investors
under applicable law.

  
 9 

					
	11.	  	 ̈ True ̈ False	 	Except as described in a letter to the Company dated at least five days prior to the date hereof, no part of the funds used by the Subscriber to acquire Units constitutes assets
of any “employee benefit plan” within the meaning of Section 3(3) of ERISA, either directly or indirectly through one or more entities whose underlying assets include plan assets by reason of a plan’s investment in such entities
(including insurance company separate accounts, insurance company general accounts or bank collective investment funds, in which any such employee benefit plan (or its related trust) has any interest).
			
	12.	  	 ̈ True ̈ False	 	If Units are being acquired by or on behalf of any employee benefit plan (any such purchaser being referred to herein as an
		  	 ̈ Not Applicable	 	“ERIS A Member”), (A) such acquisition has been duly authorized in accordance with the governing documents of such plan and (B) such acquisition and the
subsequent holding of the Units do not and will not constitute a “non-exempt prohibited transaction” within the meaning of Section 406 of ERISA or Section 4975 of the Internal Revenue Code of 1986, as amended (i.e., a transaction that is
not subject to an exemption contained in ERISA or in the rules and regulations adopted by the U.S. Department of Labor (the “DOL”) thereunder).

  
 10 

 ACCEPTANCE BY WHEELER REAL ESTATE INVESTMENT TRUST, L.P. 

ACCEPTED by the Company effective this     day
of                    , 2012. 
  

							
	        The Company:	 		 	WHEELER REAL ESTATE INVESTMENT TRUST, L.P.
				
		 		 	By:	 	Wheeler Real Estate Investment Trust, Inc.,
		 		 		 	its general partner
				
		 		 		 	By:                             
                                         
                          
		 		 		 	                              
      Jon S. Wheeler
		 		 		 	                              
      Chairman

  
 11Registration Rights Agreement between the Company and Evercore Trust Company

 Exhibit 10.1 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT, dated
as of January 9, 2012 (this “Agreement”), is entered into by and between VISTEON CORPORATION, a Delaware corporation (the “Company”), and EVERCORE TRUST COMPANY, N.A., solely in its capacity as duly appointed
and acting investment manager (the “Manager”) of a segregated account held under the Visteon Defined Benefit Master Trust (the “Trust”), with respect to the Visteon Corporation Pension Plan and the Pension Plans of
Visteon Systems, LLC Connersville and Bedford Plants (as from time to time amended, the “Plans”). 
 RECITALS

 WHEREAS, the Company has contributed on the date hereof an aggregate of 1,453,489 shares of its common stock, par
value $0.01 per share (“Common Stock”), to the Trust (the “Contribution”), to be held in a single segregated account (the “Segregated Account”) in the Trust (such contributed shares, and any
securities that may be issued or distributed or be issuable in respect thereof by way of stock dividend, stock split or other distribution, merger, consolidation, exchange offer, recapitalization or reclassification or similar transaction or
exercise or conversion of any of the foregoing, the “Registrable Shares”); 
 WHEREAS, pursuant to the
Investment Management Agreement, dated January 9, 2012, among the Manager, the Company and the Visteon Defined Benefit Plan Investment Committee (the “Committee”), the Manager has been appointed as a “fiduciary” of
the Trust, as defined in Section 3(21) of the Employee Retirement Income Security Act of 1974, as amended, but only to the extent of the assets in the Segregated Account, with the authority to act on behalf of the Trust with respect to all
assets held in the Segregated Account; 
 WHEREAS, the Company has agreed to grant certain registration rights with
respect to the Registrable Shares held in the Segregated Account, on the terms and subject to the conditions set forth in this Agreement; and 
 WHEREAS, pursuant to the Investment Management Agreement, the Manager has full power and authority to execute and deliver this Agreement for the benefit of the Trust and to take any actions
required or permitted to be taken in connection with this Agreement. 
 NOW, THEREFORE, in consideration of the premises
and mutual promises set forth herein, the parties hereto hereby agree as follows: 
 (1) Definitions. As used in this
Agreement, the following capitalized terms shall have the following meanings: 
 “Agreement” has the meaning
given in the introduction. 
 “Business Day” means any day except Saturday, Sunday and any day that is in New
York City a legal holiday or a day on which banking institutions or securities exchanges are authorized or required by law or other governmental action to close. 
 “Common Stock” has the meaning given in the recitals. 

  
 1 

 “Company” has the meaning given in the introduction. 

“Company Indemnitees” has the meaning set forth in Section 5(b) hereof. 

“Contribution” has the meaning given in the recitals. 

“Event Suspension” has the meaning set forth in Section 4(b) hereof. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and any rules and regulations promulgated
thereunder, and, in each case, any successor thereto, all as the same shall be in effect from time to time. 

“Investment Management Agreement” has the meaning given in the recitals. 

“Loss” and “Losses” have the respective meanings set forth in Section 5(a) hereof. 

“Manager” has the meaning given in the introduction. 

“Manager Indemnitees” has the meaning set forth in Section 5(a) hereof. 

“Opinion of Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Company and who
shall be reasonably acceptable to the Company and the Manager. 
 “Prospectus” means the base prospectus
included in the Registration Statement relating to the Common Stock as filed with the SEC under the Securities Act, as supplemented to reflect the Registrable Securities and the terms of the offering of the Registrable Securities as filed with the
SEC pursuant to and in accordance with Rule 424(b) under the Securities Act, and all amendments and supplements thereto and all documents incorporated by reference or deemed to be incorporated by reference therein. 

“Registrable Shares” has the meaning given in the recitals. 

“Registration Period” means the period from the date the Company files with the SEC a prospectus supplement to the base
prospectus contemplated by Section 2 hereof until the earliest to occur of: (i) the date on which all Registrable Shares have been disposed of by the Trust pursuant to the effective Registration Statement in accordance with the plan of
distribution set forth in the related Prospectus; (ii) the date on which all Registrable Shares may be sold by the Trust to the public in accordance with Rule 144 and when no conditions of Rule 144 are then applicable to the Trust (other than
the holding period requirement in paragraph (d) of Rule 144, so long as such holding period requirement is satisfied at such time of determination); (iii) the date that is 90 days after the date on which the number of Registrable Shares
held by the Trust is less than one percent of the shares of Common Stock then outstanding; and (iv) the date that the Company and the Manager have received an Opinion of Counsel or such other evidence, in each case reasonably satisfactory to
each of the Company and the Manager, that such security may otherwise be resold without registration or qualification under the Securities Act. 
 “Registration Statement” means a registration statement of the Company (including any replacement or substitute registration statement) covering the Registrable Shares filed with the SEC
on Form S-3 (or any successor form or other appropriate form under the Securities Act), including, but not limited to, an offering to be made on a delayed or continuous basis pursuant to Rule 415 of the Securities Act (or any similar rule that may
be adopted by the SEC), including a Prospectus, all amendments and supplements to such registration statement, including post-effective amendments, all exhibits thereto and all documents incorporated or deemed to be incorporated by reference
therein. 

  
 2 

 “Rule 144”, “Rule 158”, “Rule 405”,
“Rule 415” and “Rule 424(b)” mean, in each case, such rule promulgated under the Securities Act (or any successor provision), as the same shall be amended from time to time. 

“Scheduled Registration Suspension Period” means, with respect to each fiscal quarter of the Company, the last fifteen
calendar days of such fiscal quarter and continuing to and including the Business Day after the day on which the Company publicly releases its earnings for such fiscal quarter. 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and any rules and regulations promulgated thereunder,
and, in each case, any successor thereto, all as the same shall be in effect from time to time. 
 “Segregated
Account” has the meaning given in the recitals. 
 “Suspension” has the meaning set forth in
Section 4(c) hereof. 
 “Suspension Event Notice” has the meaning set forth in Section 4(b) hereof.

 “Suspension Notice” has the meaning set forth in Section 4(c) hereof. 

“Trust” has the meaning given in the introduction. 

(2) Registration; Compliance with the Securities Act. The Company hereby represents and warrants to the Manager that as of the
date hereof: (i) the Company has an effective registration statement on Form S-3 covering the Common Stock on file with the SEC; (ii) the Company is a well-known seasoned issuer (as defined in Rule 405 under the Securities Act); and
(iii) the Company is not an ineligible issuer (as defined under Rule 405 under the Securities Act). The Company hereby agrees that, to the extent not prohibited by any applicable law or applicable interpretations of the staff of the SEC, it
shall file with the SEC as soon as reasonably practicable after the filing with the SEC of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, a prospectus supplement to the base prospectus included in the
Company’s existing registration statement referred to in clause (i) of this Section 2 covering the resale of all of the Registrable Shares from time to time by the Trust, as the selling stockholder thereunder, to enable the Manager to
direct the Trust to offer and sell any or all of the Registrable Shares on a delayed or continuous basis pursuant to Rule 415 under the Securities Act and in the manner contemplated by the plan of distribution set forth in the Registration
Statement. 
 (3) Compliance with the Securities Act: Procedures. The Company hereby agrees that it shall: 

a. during the Registration Period, furnish to the Manager, prior to the filing thereof with the SEC, a copy of any
amendment, if applicable, to the Registration Statement, a copy of the Prospectus related to the Registrable Shares, and a copy of each amendment or supplement thereto (excluding amendments caused by the filing of a report under the Exchange Act),
and use its commercially reasonable efforts to reflect in each such document, when so filed with the SEC, such comments as the Manager may reasonably and promptly propose; provided that the Company shall not be required to take any action under this
Section 3(a) that is not, in the reasonable opinion of counsel for the Company, in compliance with applicable law; 

  
 3 

 b. subject to Sections 4(b), 4(c) and 4(d) hereof, ensure that during the
Registration Period, (i) the Registration Statement, any amendment thereto, any Prospectus forming a part thereof and any amendment or supplement thereto complies in all material respects with the Securities Act; (ii) the Registration
Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and
(iii) any Prospectus forming a part of the Registration Statement, and any amendment or supplement to such Prospectus, does not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading; provided, that the Company makes no representation with respect to information included therein in reliance upon and in conformity with information
furnished to the Company in writing by the Manager on behalf of the Trust or any underwriter participating in the disposition of the Registered Securities pursuant to the Registration Statement; 

c. prepare and file with the SEC such amendments (including post-effective amendments) and supplements to the Registration
Statement and the Prospectus as may be necessary to keep the Registration Statement effective at all times until the end of the Registration Period; provided that the Company shall not be required to file any such amendment (excluding amendments
caused by the filing of a report under the Exchange Act), supplement or replacement during any Scheduled Registration Suspension Period or any suspension period pursuant to Section 4(c) or (d) hereof; 

d. furnish the Manager with such reasonable number of copies of the Prospectus, in conformity with the requirements of the
Securities Act, and such other documents as the Manager may reasonably request, in order to facilitate the public sale or other disposition of all or any of the Registrable Shares by the Trust; 

e. use its commercially reasonable efforts to file any documents necessary to register or qualify the Registrable Shares
under the securities or blue sky laws of such jurisdictions as the Manager shall reasonably designate in writing; provided that the Company shall not be required to (i) qualify as a foreign corporation or other entity or as a dealer in
securities in any such jurisdiction where it would not otherwise be required to so qualify, (ii) file any general consent to service of process in any such jurisdiction or (iii) subject itself to taxation in any such jurisdiction if it is
not otherwise so subject; 
 f. use its commercially reasonable efforts to cause the Registrable Shares to be
listed on the New York Stock Exchange (the “NYSE”) (or, if the Common Stock is not then listed on the New York Stock Exchange, the principal securities exchange or quotation system on which the Common Stock is then listed) as soon
as reasonably practicable after the filing with the SEC of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011; 
 g. bear all expenses incurred by it in connection with the performance of its obligations hereunder, and all reasonable fees and expenses of legal counsel to the Manager incurred in connection with the
registration and sale of the Registrable Shares (such fees and expenses of legal counsel not to exceed $15,000 in the aggregate without the Company’s prior written consent, which consent shall not be unreasonably withheld or delayed); provided
that the Trust, to the extent permitted by applicable law, shall bear the expense of any underwriting discounts, brokerage fees, commissions and transfer taxes, if any; 

  
 4 

 h. use its commercially reasonable efforts to take such actions as are under
its control to remain a well-known seasoned issuer (as defined in Rule 405 under the Securities Act) (and not become an ineligible issuer (as defined in Rule 405 under the Securities Act)) during the Registration Period, and, in the event the
Company is not a well-known seasoned issuer or is an ineligible issuer, the Company shall take all actions necessary, including, without limitation, filing such amendments to the Registration Statement and supplements to the Prospectus as may be
necessary from time to time and/or filing a new Registration Statement and Prospectus on such appropriate registration form of the SEC, in each case as shall permit the disposition of the Registrable Securities in accordance with the intended method
or methods of disposition requested by the Manager; and 
 i. make generally available to its security holders as
soon as practicable, but in any event not later than 18 months after (i) the effective date of the applicable Registration Statement, (ii) the effective date (as defined in Rule 158(c) under the Securities Act) of each post-effective
amendment to the Registration Statement and (iii) the date of each filing by the Company with the SEC of an Annual Report on Form 10-K that is incorporated by reference or deemed to be incorporated by reference in the Registration Statement, an
earnings statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated by the SEC thereunder. 
 It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 3 that the Manager shall provide such reasonable assistance to the Company and furnish,
or cause to be furnished, to the Company in writing such information regarding the Manager, the Registrable Shares to be sold and the intended method or methods of disposition of the Registrable Shares as shall be necessary to effect the
registration of the Registrable Shares and as may be required from time to time under the Securities Act and the rules and regulations thereunder. 
 (4) Transfer of Registrable Shares after Registration; Suspension. 
 a. Methods of Distribution; Notification of Changes. The Manager agrees that it shall not (x) offer to sell or make any sale, assignment, pledge, hypothecation or other transfer with respect
to the Registrable Shares that would constitute a sale within the meaning of the Securities Act or (y) direct the Trust to offer to sell or make any sale, assignment, pledge, hypothecation or other transfer with respect to the Registrable
Shares that would constitute a sale within the meaning of the Securities Act, except, in the case of each of clauses (x) and (y), pursuant to either the Registration Statement or Rule 144, and (ii) it will promptly notify the Company of
any changes in the information set forth in the Registration Statement regarding the Manager or the intended plan of distribution of the Registrable Shares. 
 b. Suspension of Registration by the Company. In addition to the restrictions applicable during a Scheduled Registration Suspension Period as set forth in Section 4(d) below or any suspension
required under Section 4(c) below, the Company may, upon the happening of any event or the existence of any state of facts that, in the judgment of an executive officer of the Company or the Company’s legal counsel, renders advisable the
suspension of the disposition of Registrable Shares covered by the Registration Statement or the use of the Prospectus or any supplement thereto due to pending transactions or other corporate developments, public filings with the SEC or similar
events, suspend the disposition of Registrable Shares covered by the Registration Statement and the use of such Prospectus or any supplement thereto for a period of not more than 90 days upon written notice (a “Suspension Event
Notice”) to the Manager (which Suspension Event Notice will not disclose the content of any material non-public information and 

  
 5 

 
will indicate the dates of the beginning and the end of the intended suspension, if known), in which case the Manager, upon receipt of such Suspension Event Notice, shall discontinue, and shall
cause the Trust to discontinue, disposition of Registrable Shares covered by the Registration Statement and the use of any applicable Prospectus or any supplement thereto (an “Event Suspension”) until copies of a supplemented or
amended Prospectus are distributed to the Manager or until the Manager is advised in writing by the Company that the disposition of Registrable Shares covered by the Registration Statement or the use of the Prospectus or supplement thereto may be
resumed; provided that such right to suspend the disposition of Registrable Shares covered by the Registration Statement or the use of the Prospectus or supplement thereto under this Section 4(b) shall not be exercised by the Company for more
than the number of days in any 12-month period equal to 140 minus the aggregate number of days during which the disposition of Registrable Securities pursuant to the Registration Statement was suspended on account of any Scheduled Registration
Suspension Period occurring in the applicable 12-month period. Any Event Suspension and Suspension Event Notice described in this Section 2(c) shall be held in confidence and not disclosed by the Manager, except as required by law. 

c. Notice of Certain Events; Required Suspensions. In the event of: (i) any request by the SEC or any other
federal or state governmental authority for amendments or supplements to the Registration Statement or related Prospectus or for additional information; (ii) the issuance by the SEC or any other federal or state governmental authority of any
stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Company of any notice of objection of the SEC to the use of the Registration Statement or any
post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act; (iii) the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the
Registrable Shares for sale in any jurisdiction or the initiation of any proceedings for such purpose; or (iv) any event or circumstance that necessitates the making of any changes in the Registration Statement or the Prospectus, or any
document incorporated or deemed to be incorporated therein by reference, so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading, and that, in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading, in each case, during the Registration Period, then the Company shall deliver a certificate in writing to the Manager (a “Suspension
Notice”) to the effect of the foregoing (which Suspension Notice will not disclose the content of any material non-public information and will indicate the dates of the beginning and the end of the intended suspension, if known) and, upon
receipt of such Suspension Notice, the Manager shall refrain, and shall cause the Trust to refrain, from selling any Registrable Shares pursuant to the Registration Statement or using the Prospectus or any supplement thereto (a
“Suspension”) until the Manager has received copies of a supplemented or amended Prospectus prepared and filed by the Company, or until the Manager is advised in writing by the Company that the current Prospectus or supplement
thereto may be used. In the event of any Suspension, the Company will use its commercially reasonable efforts to cause the availability for use of the Registration Statement and the Prospectus to be resumed as soon as reasonably possible after
delivery of a Suspension Notice to the Manager. Any Suspension and Suspension Notice described in this Section 2(d) shall be held in confidence and not disclosed by the Manager, except as required by law. 

  
 6 

 d. Scheduled Registration Suspension Periods. During any Scheduled
Registration Suspension Period, the Manager shall suspend, and shall cause the Trust to suspend, the disposition of any Registrable Securities pursuant to the Registration Statement, the Prospectus or any supplement thereto until termination of such
Scheduled Registration Suspension Period. For the avoidance of doubt, during any Scheduled Registration Suspension Period, the Manager shall be permitted to dispose, or cause the Trust to dispose, of Registrable Securities pursuant to Rule 144, if
then available. 
 e. Stop Transfer Instructions. In order to enforce the covenants of the Manager set
forth in Sections 2(c) and (d) above, the Company may impose stop transfer instructions with respect to the sale of Registrable Shares by the Trust until the end of the applicable suspension period. 

f. Return of Copies of the Prospectus. If so directed by the Company, the Manager shall deliver to the Company all
physical copies of the Prospectus and any supplements thereto in its possession at the time of receipt by the Manager of any Suspension Event Notice or Suspension Notice. 

g. Sale of Registrable Shares under the Registration Statement. The Manager may sell Registrable Shares under the
Registration Statement; provided that (i) neither a Suspension nor an Event Suspension is then in effect, (ii) the Manager sells in accordance with the plan of distribution in the Prospectus and (iii) the Manager arranges for delivery
of a current Prospectus (as supplemented) to any transferee receiving such Registrable Shares in compliance with the prospectus delivery requirements of the Securities Act. 

h. Cooperation. (i) The Company shall cooperate with the Manager to facilitate the timely preparation and
delivery of the Registrable Shares sold pursuant to the Registration Statement, or in any transaction pursuant to which the Registrable Shares will be sold or disposed of in accordance with the terms of this Agreement, free of any restrictive
legends and registered in such names as the Manager on behalf of the Trust may request at least two Business Days prior to settlement of such sale or disposition, including, without limitation causing an Opinion of Counsel and any other certificates
or documents to be delivered to the registrar of the Registrable Shares, if required; and (ii) the Company shall enter into such customary agreements and take all other appropriate actions as may be reasonably requested by the Manager in order
to expedite or facilitate the disposition of the Registrable Shares. The plan of distribution in the Registration Statement and the Prospectus included therein shall permit resales of Registrable Shares to be made by the Manager, on behalf of the
Trust, through brokers, dealers or otherwise. 
 i. Use of Free Writing Prospectuses. The Manager shall
not use any free writing prospectus (as defined in Rule 405 in connection with the sale of the Registrable Shares without the prior written consent of the Company. 
 (5) Indemnification. 
 a. Indemnification by the
Company. The Company agrees to (i) indemnify and hold harmless the Manager (including, for purposes of this Section 5, the officers, directors, employees and agents of the Manager), and each person, if any, who controls the Manager
within the meaning of either Section 20 of the Exchange Act or Section 15 of the Securities Act (the “Manager Indemnitees”), from and against any and all losses, claims, damages, liabilities or expenses, joint or several
(each, a “Loss” and, collectively, “Losses”), to which any Manager Indemnitee may become subject under the Securities Act, the Exchange Act or any other federal or state law or regulation, or at common law or
otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of the Company, which consent 

  
 7 

 
shall not be unreasonably withheld or delayed), only to the extent such Losses (or actions in respect thereof as contemplated below) arise out of or are based upon (A) any failure on the
part of the Company to comply with the covenants and agreements contained in this Agreement or (B) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Prospectus or any amendment or
supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus or any supplement thereto, in light of the
circumstances under which they were made) not misleading, and (ii) reimburse each Manager Indemnitee for any reasonable legal fees and other reasonable out of pocket expenses as such expenses are incurred by such Manager Indemnitee in
connection with investigating, defending, settling, compromising or paying any such Loss or action; provided that the Company will not be liable in any such case to the extent that any such Loss arises out of or is based upon (1) an untrue
statement or alleged untrue statement or omission or alleged omission made in the Registration Statement, the Prospectus or any amendment or supplement thereto in reliance upon and in conformity with information furnished in writing (including by
e-mail) to the Company by the Manager, (2) any untrue statement or omission of a material fact required to make such statement not misleading in the Prospectus that is corrected in an amended or supplemented Prospectus that was delivered to the
Manager before the pertinent sale or sales by the Manager or (3) any untrue statement or alleged untrue statement or omission or alleged omission in the Registration Statement, the Prospectus or any amendment or supplement thereto, when used or
distributed by the Manager during a period in which an Event Suspension or Suspension is properly in effect under Section 2(c) or (d). The Manager hereby agrees that if the Manager or any of its controlling persons is not entitled to
indemnification for any Loss pursuant to this Section 5(a) as a result of clause (1), (2) or (3) above, then none of the Manager Indemnitees shall be entitled to indemnification for such Loss pursuant to the terms of the
indemnification provisions set forth in the Plans 
 b. Indemnification by the Manager. To the extent
permitted by applicable law, the Manager will (i) indemnify and hold harmless the Company, each director of the Company, each member of the Committee, each of the Company’s officers who signed the Registration Statement and each person, if
any, who controls the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act (the “Company Indemnitees”), from and against any and all Losses to which any Company Indemnitee
may become subject under the Securities Act, the Exchange Act or any other federal or state law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of the
Manager, which consent shall not be unreasonably withheld or delayed), only to the extent such Losses (or actions in respect thereof as contemplated below) arise out of or are based upon (i) any failure on the part of the Manager to comply with
the covenants and agreements contained in this Agreement with respect to the sale of the Registrable Shares or (ii) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Prospectus or
any amendment or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus or any supplement thereto, in light of
the circumstances under which they were made) not misleading; provided that the Manager will be liable in any such case only to the extent that any such untrue statement or alleged untrue statement or omission or alleged omission was made in the
Registration Statement, the Prospectus or any amendment or supplement thereto in reliance upon and in conformity with information furnished in writing (including by e-mail) to the Company by or on behalf of the Manager, and (ii) reimburse such
Company Indemnitee for any reasonable legal fees and other reasonable out-of-pocket expenses as such expenses are incurred by such Company Indemnitee in connection with investigating, defending, settling, compromising or paying any such Loss or
action. In no event shall the liability of the Manager under this Section 5(b) be greater than the aggregate fees received by the Manager pursuant to the Investment Management Agreement. 

  
 8 

 c. Indemnification Procedure. 

i. Promptly after receipt by an indemnified party under this Section 5 of written notice of the threat or
commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 5, promptly notify the indemnifying party in writing of the claim; provided that the omission
so to notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party under the indemnity agreement contained in this Section 5 or otherwise, to the extent that the
indemnifying party is not prejudiced as a result of such failure. 
 ii. In case any such action is brought
against any indemnified party and such indemnified party notifies an indemnifying party thereof and seeks or intends to seek indemnity from such indemnifying party, such indemnifying party will be entitled to participate in, and to the extent that
it may determine, jointly with all other indemnifying parties similarly notified, to assume, the defense thereof with counsel reasonably satisfactory to such indemnified party; provided that, if the defendants in any such action include both such
indemnified party and such indemnifying party and such indemnified party shall have reasonably concluded that there may be a conflict between its position and the position of such indemnifying party with respect to the conduct of the defense of any
such action or that there may be legal defenses available to it that are different from or additional to those available to such indemnifying party, in each case, such indemnified party shall have the right to select separate counsel to assume such
legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party. Upon receipt of notice from such indemnifying party of its election so to assume the defense of such action and approval by such
indemnified party of such indemnifying party’s counsel, such indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses subsequently incurred by such indemnified party in connection
with the defense of such action; provided that the reasonable fees and expenses of counsel of such indemnified party shall be at the expense of such indemnifying party if (A) such indemnified party shall have employed such counsel in connection
with the assumption of legal defenses in accordance with the proviso to the preceding sentence (it being understood that such indemnifying party shall not be liable for the expenses of more than one separate counsel (in addition to any local
counsel) for all indemnified parties who are parties to such action) or (B) such indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time
after notice of commencement of the action. 
 d. Contribution. 

i. If the indemnification provided for in this Section 5 is held by a court of competent jurisdiction to be
unavailable to an indemnified party with respect to any Loss referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a
result of such Loss in such proportion as is appropriate to reflect the relative fault of such indemnifying party on the one hand and of such indemnified party on the other hand in connection with the statements or omissions that resulted in such
Loss, as well as any 

  
 9 

 
other relevant equitable considerations. The relative fault of such indemnifying party and of such indemnified party shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such indemnifying party or by such indemnified party and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the Losses referred to above shall be deemed to include, subject to the limitations set forth in Section 5(c)
hereof, any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. 
 ii. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that
does not take into account the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 5(d), in no event shall the Manager be required to contribute any amount in excess of the
aggregate fees received by the Manager pursuant to the Investment Management Agreement. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
person or entity who was not guilty of such fraudulent misrepresentation. 
 e. Non-Exclusive Remedies.
The remedies provided for in this Section 5 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any indemnified person at law or in equity. 

f. Surviving Obligations. The obligations of the Company and the Manager under this Section 5 shall survive
the termination of this Agreement and the completion of the disposition of the Registrable Shares. 
 (6) Rule 144
Information. For such period as the Trust or the Plans holds any Registrable Shares received pursuant to the Contribution, the Company shall use its reasonable best efforts to file all reports required to be filed by it under the Exchange Act
and the rules and regulations thereunder and shall use its reasonable best efforts to take such reasonable further action to the extent required to enable the Manager to sell the Registrable Shares pursuant to Rule 144. 

(7) Rights of the Trust. All of the rights and benefits conferred on the Manager pursuant to this Agreement (other than the right
to indemnification provided in Section 3) are intended to inure to the benefit of the Trust. 
 (8) Miscellaneous.

 a. Governing Law. This Agreement shall be governed by and construed and interpreted in accordance with
the laws of the State of New York, irrespective of the choice of laws principles of the State of New York, as to all matters, including matters of validity, construction, effect, enforceability, performance and remedies. 

b. Force Majeure. Neither party will have any liability for damages or delay due to fire, explosion, lightning,
pest damage, power failure or surges, strikes or labor disputes, water or flood, acts of God, the elements, war, civil disturbances, acts of civil or military authorities or the public enemy, acts or omissions of communications or other carriers or
any other cause beyond a party’s reasonable control (other than that which arises from the gross negligence or willful misconduct of such party), whether or not similar to the foregoing, that prevent such party from materially performing its
obligations hereunder. 

  
 10 

 c. Entire Agreement; Modification; Waivers. This Agreement
constitutes the entire agreement between the parties with respect to the subject matter hereof and shall supersede all previous negotiations, commitments and writings with respect to the matters discussed herein. This Agreement may not be altered,
modified or amended except by a written instrument signed by both parties. The failure of any party to require the performance or satisfaction of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement,
shall not prevent subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 d. Severability. The provisions of this Agreement are severable and, in the event that any provision is deemed illegal or unenforceable, the remaining provisions shall remain in full force and
effect. unless the deletion of any such illegal or unenforceable provision shall cause this Agreement to become materially adverse to either party, in which event the parties shall use commercially reasonable efforts to arrive at an accommodation
that best preserves for the parties the benefits and obligations of the offending provision. 
 e.
Notices. Except as otherwise expressly provided, any notice, request, demand or other communication permitted or required to be given under this Agreement shall be in writing, shall be sent by one of the following means to the Company or the
Manager at the addresses set forth below (or to such other address as shall be designated hereunder by notice to the other parties and persons receiving copies, effective upon actual receipt), and shall be deemed conclusively to have been given
(i) on the first business day following the day timely deposited with Federal Express (or other equivalent national overnight courier) or United States Express Mail, with the cost of delivery prepaid or for the account of the sender,
(ii) on the fifth business day following the day duly sent by certified or registered United States mail, postage prepaid and return receipt requested, or (iii) when otherwise actually received by the addressee on a business day (or on the
next business day if received after the close of normal business hours or on any non-business day). 
 If to
the Manager: 
 Evercore Trust Company, N.A. 

55 East 52nd Street 
 New York, NY 10055 
 Attention: Norman P. Goldberg, Managing
Director 
 If to the Company: 

Visteon Corporation 
 One Village Center Drive 
 Van Buren Township, MI 48111

 Attention: General Counsel 

f. Title and Headings. Titles and headings to sections herein are inserted for convenience of reference only and
are not intended to be part of or to affect the meaning or interpretation of this Agreement. 

  
 11 

 g. Execution in Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 h. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Company and the Manager and their respective successors and permitted assigns. None of the rights or
obligations under this Agreement shall be assigned by the Manager without the prior written consent of the Company and the Trust in their sole discretion. Any purported assignment in violation of the foregoing sentence shall be null and void.

 IN WITNESS WHEREOF, each of the Company and the Manager has caused this Agreement to be duly executed on its behalf by
its duly authorized officer as of the date first written above. 
 VISTEON CORPORATION 

By:     /s/ Michael P.
Lewis                                        

 Name: Michael P. Lewis 

Title: Vice President and Treasurer 

EVERCORE TRUST COMPANY, N.A. 

By:     /s/ Norman P.
Goldberg                                     

Name: Norman P. Goldberg 
 Title: Managing Director 

  
 12

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