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EXHIBIT
10.2

 

NEITHER
THIS WARRANT NOR ANY OF THE SECURITIES ISSUABLE UPON ITS EXERCISE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND SUCH
SECURITIES MAY NOT BE TRANSFERRED UNLESS COVERED BY AN EFFECTIVE
REGISTRATION STATEMENT UNDER SAID ACT OR AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT. THE ISSUER OF THESE
SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER
OR RESALE IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES.

 

 

 

	

Warrant
No.         
CSW-__

	

Number
of Shares: _________

	

Warrant
Date:       ______________________

	
 

 

 

PEDEVCO CORP.

WARRANT

FOR THE
PURCHASE OF

COMMON
STOCK

 

1.           Issuance.  For
value received, the receipt of which is hereby acknowledged by
PEDEVCO Corp., a Texas corporation (the “Company”),
ABSOLUTE FRONTIER LIMITED,
or registered assigns (the “Holder”), is hereby granted
the right to purchase, at any time until the close of business on
______________, 2020 (the
“Expiration Date”), _____________________________________
(______), subject to
adjustment upon certain events, fully paid and nonassessable shares
of the Company’s Common Stock, par value US$0.001 per share
(the “Common Stock”), at an exercise price of
US$____ per share (the
“Exercise Price”).

 

2.           Procedure
for Exercise.  Upon surrender of this Warrant with
the annexed Notice of Exercise Form duly executed, together with
payment in cash of the Exercise Price for the shares of Common
Stock purchased, the Holder shall be entitled to receive a
certificate or certificates for the shares of Common Stock so
purchased. This Warrant may be exercised in whole or in part.
On any such partial exercise, provided
the Holder has surrendered the original Warrant, the Company will
issue and deliver to the order of the Holder a new Warrant of like
tenor, in the name of the Holder, for the whole number of shares of
Common Stock for which such Warrant may still be exercised. Any
fractional shares shall be rounded up to the nearest whole
share.

 

3.           Reservation
of Shares.  The Company hereby agrees that at all
times during the term of this Warrant there shall be reserved for
issuance upon exercise of this Warrant such number of shares of
Common Stock as shall be required for issuance upon exercise hereof
(the “Warrant Shares”). Any shares issuable upon
exercise of this Warrant will be duly and validly issued, fully
paid, non-assessable and free of all liens and charges and not
subject to any preemptive rights and rights of first
refusal.

 

4.           Mutilation
or Loss of Warrant.  Upon receipt by the Company
of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant, and (in the case of loss, theft or
destruction) receipt of reasonably satisfactory indemnification,
and (in the case of mutilation) upon surrender and cancellation of
this Warrant, the Company will execute and deliver a new warrant of
like tenor and date and any such lost, stolen, destroyed or
mutilated Warrant shall thereupon become void.

 

5.           No
Rights as Shareholder.  The Holder shall not, by
virtue hereof, be entitled to any rights of a shareholder of the
Company, either at law or in equity, and the rights of the Holder
are limited to those expressed in this Warrant and are not
enforceable against the Company except to the extent set forth
herein.

 

 

 

 

 

 

6.           Effect
of Certain Transactions

 

6.1           Adjustments
for Stock Splits, Stock Dividends Etc.  If the
number of outstanding shares of Common Stock of the Company are
increased or decreased by a stock split, reverse stock split, stock
dividend, stock combination, recapitalization or the like, the
Exercise Price and the number of shares purchasable pursuant to
this Warrant shall be adjusted proportionately so that the ratio of
(i) the aggregate number of shares purchasable by exercise of this
Warrant to (ii) the total number of shares outstanding immediately
following such stock split, reverse stock split, stock dividend,
stock combination, recapitalization or the like shall remain
unchanged, and the aggregate purchase price of shares issuable
pursuant to this Warrant shall remain unchanged.

 

6.2           Expiration
Upon Certain Transactions.  If at any time the
Company plans to sell all or substantially all of its assets or
engage in a merger or consolidation of the Company in which the
Company will not survive and in which holders of the Common Stock
will receive consideration at or above the Exercise Price, as
adjusted (other than a merger or consolidation with or into a
wholly- or partially-owned subsidiary of the Company), the Company
will give the Holder of this Warrant advance written notice. Upon
the occurrence of any such event, this Warrant shall automatically
be deemed to be exercised in full without any action required on
the part of the Holder.

 

6.3       
Adjustments for
Reorganization, Mergers, Consolidations or Sales of
Assets.  If at any time there is a capital
reorganization of the Common Stock (other than a recapitalization,
combination, or the like provided for elsewhere in this Section 6)
or merger or consolidation of the Company with another corporation
(other than one covered by Section 6.2), or the sale of all or
substantially all of the Company’s properties and assets to
any other person, then, as a part of such reorganization, merger,
consolidation or sale, provision shall be made so that the Holder
shall thereafter be entitled to receive upon exercise of this
Warrant (and only to the extent this Warrant is exercised), the
number of shares of stock or other securities or property of the
Company, or of the successor corporation resulting from such merger
or consolidation or sale, to which a holder of Common Stock, or
other securities, deliverable upon the exercise of this Warrant
would otherwise have been entitled on such capital reorganization,
merger, consolidation or sale. In any such case, appropriate
adjustments shall be made in the application of the provisions of
this Section 6 (including adjustment of the Exercise Price then in
effect and number of Warrant Shares purchasable upon exercise of
this Warrant) which shall be applicable after such
events.

 

7.           Transfer
to Comply with the Securities Act.  This Warrant
has not been registered under the Securities Act of 1933, as
amended, (the “Securities Act”) and has been issued to
the Holder for investment and not with a view to the distribution
of either this Warrant or the Warrant Shares. Neither this Warrant
nor any of the Warrant Shares or any other security issued or upon
exercise of this Warrant may be sold, transferred, pledged or
hypothecated in the absence of an effective registration statement
under the Act relating to such security or an opinion of counsel
satisfactory to the Company that registration is not required under
the Act. Each certificate for this Warrant, the Warrant Shares and
any other security issued or issuable upon exercise of this Warrant
shall contain a legend in form and substance satisfactory to
counsel for the Company, setting forth the restrictions on transfer
contained in this Section.

 

 

2

 

 

 

8.           Notices.  Any
notice or other communication required or permitted hereunder shall
be in writing and shall be delivered personally or sent by
certified, registered or express mail, postage pre-paid. Any such
notice shall be deemed given when so delivered personally, or if
mailed, two days after the date of deposit in the United States
mails, as follows:

 

If to
the Company, to:

 

PEDEVCO
Corp.

4125
Blackhawk Plaza Circle, Suite 201

Danville, CA
94506

 

Attention:
Chief Executive Officer and General Counsel

 

With a
copy to:

 

The
Loev Law Firm, PC

6300
West Loop South, Suite 280

Bellaire, Texas
77401

Attention: David M.
Loev, Esq.

 

If to
the Holder, to his address appearing on the Company’
records.

 

Any
party may designate another address or person for receipt of
notices hereunder by notice given to the other parties in
accordance with this Section.

 

9.           Supplements
and Amendments; Whole Agreement.  This Warrant may
be amended or supplemented only by an instrument in writing signed
by the Company and the Holder hereof. This Warrant contains the
full understanding of the parties hereto with respect to the
subject matter hereof, and there are no representations,
warranties, agreements or understandings other than expressly
contained herein.

 

10.           Governing
Law.  This Warrant shall be deemed to be a
contract made under the laws of the State of Texas and for all
purposes shall be governed by and construed in accordance with the
laws of such State applicable to contracts to be made and performed
entirely within such State. Any action brought by either party
against the other concerning the transactions contemplated by this
Warrant shall be brought only in the state courts of Texas or in
the federal courts located in Harris County, Texas. The parties to
this Warrant hereby irrevocably waive any objection to jurisdiction
and venue of any action instituted hereunder and shall not assert
any defense based on lack of jurisdiction or venue or based upon
forum non
conveniens. Each party hereby irrevocably waives personal
service of process and consents to process being served in any
suit, action or proceeding in connection with this Warrant by
mailing a copy thereof via registered or certified mail or
overnight delivery (with evidence of delivery) to such party at the
address in effect for notices to it under this Warrant and agrees
that such service shall constitute good and sufficient service of
process and notice thereof. Nothing contained herein shall be
deemed to limit in any way any right to serve process in any other
manner permitted by law.

 

11.       
Counterparts.  This
Warrant may be executed in any number of counterparts and each of
such counterparts shall for all purposes be deemed to be an
original, and all such counterparts shall together constitute but
one and the same instrument.

 

12.           Descriptive
Headings.  Descriptive headings of the several
Sections of this Warrant are inserted for convenience only and
shall not control or affect the meaning or construction of any of
the provisions hereof.

 

13.           Assignability.  This
Warrant or any part hereof may only be hereafter assigned by the
Holder to an affiliate thereof executing documents reasonably
required by the Company. Any such assignment shall be binding on
the Company and shall inure to the benefit of any such
assignee.

 

 

 

[Remainder of the page intentionally left blank; signature page
follows.]

 

 

 

3

 

 

IN
WITNESS WHEREOF, the parties hereto have executed this Warrant as
of the Warrant Date set forth above.

 

	
 

	

PEDEVCO CORP.

 

 

By:                                                                     

Name: 
Michael L. Peterson

Title: President
and CEO

 

HOLDER:

 

ABSOLUTE FRONTIER LIMITED

 

By:                                                                     

 

	
 

	

Name:                                                                     

 

Title:                                                                     

 

	
 

	
 

 

 

 

4

 

 

NOTICE OF EXERCISE OF WARRANT

 

 

The
undersigned hereby irrevocably elects to exercise the right,
represented by the Warrant dated as of ______________________, to
purchase _____________ shares of the Common Stock of PEDEVCO Corp.,
and tenders herewith payment in accordance with the first paragraph
of Section 2 of the Warrant, pursuant to the provisions of Section
2 of the Warrant.

 

Please
deliver the stock certificate to:

______________________________________

______________________________________

______________________________________

 

 

	

Dated:
___________________

 

 

	

By:_______________________EX-4.1

 Exhibit 4.1 
  

					
	 NUMBER
	  		  	SHARES
	 *PRC1*
	  	CEDAR REALTY TRUST, INC.	  	
			
	 THIS CERTIFICATE IS TRANSFERABLE IN NEW YORK,
N.Y.
	  	 INCORPORATED UNDER THE LAWS

OF THE STATE OF MARYLAND
	  	 SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER RESTRICTIONS

AND OTHER INFORMATION

			
		  		  	CUSIP 150602 506

 THIS CERTIFIES THAT 

**SPECIMEN** 
 IS THE OWNER OF 

FULLY PAID AND NONASSESSABLE SHARES OF THE 6.50% SERIES C CUMULATIVE REDEEMABLE PREFERRED STOCK, PAR VALUE $0.01 PER SHARE, OF 

Cedar Realty Trust, Inc. 
 (the
“Company”) transferable on the books of the Company by the holder hereof in person or by its duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned by the Transfer
Agent and registered by the Registrar. 
 IN WITNESS WHEREOF, the Company has caused this Certificate to be executed on its behalf by its
duly authorized officers. 

Dated:                         
            
  

									
					
	By:	 	 	 		 	By:	 	 
		 	 President
	 		 		 	Corporate Secretary

  

			
	Countersigned and Registered:	  	(SEAL)

 American Stock Transfer & Trust Company, LLC 

(New York, NY) Transfer Agent and Registrar 
  

			
		
	By:	 	 
		 	 Authorized Signatory

  

 CEDAR REALTY TRUST, INC. 

IMPORTANT NOTICE  

Classes of Stock 
 THE
CORPORATION IS AUTHORIZED TO ISSUE TWO CLASSES OF CAPITAL STOCK WHICH ARE DESIGNATED AS COMMON STOCK AND PREFERRED STOCK. THE BOARD OF DIRECTORS IS AUTHORIZED TO DETERMINE THE PREFERENCES, LIMITATIONS AND RELATIVE RIGHTS OF THE PREFERRED STOCK
BEFORE THE ISSUANCE OF ANY PREFERRED STOCK. THE CORPORATION WILL FURNISH, WITHOUT CHARGE, TO ANY STOCKHOLDER MAKING A WRITTEN REQUEST THEREFOR, A COPY OF THE CORPORATION’S CHARTER AND A WRITTEN STATEMENT OF THE DESIGNATIONS, RELATIVE RIGHTS,
PREFERENCES AND LIMITATIONS APPLICABLE TO EACH SUCH CLASS OF STOCK. REQUESTS FOR THE CORPORATION’S CHARTER AND SUCH WRITTEN STATEMENT MAY BE DIRECTED TO CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON, NEW YORK 11050,
ATTENTION: SECRETARY. 
 THE SHARES OF SERIES C PREFERRED STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON OWNERSHIP AND
TRANSFER FOR THE PURPOSE OF THE CORPORATION’S MAINTENANCE OF ITS STATUS AS A REAL ESTATE INVESTMENT TRUST UNDER THE CODE. NO PERSON MAY BENEFICIALLY OWN SHARES OF SERIES C PREFERRED STOCK IN EXCESS OF 9.9% (OR SUCH GREATER PERCENTAGE AS MAY BE
DETERMINED BY THE BOARD OF DIRECTORS OF THE CORPORATION) OF THE OUTSTANDING SERIES C PREFERRED STOCK OF THE CORPORATION WITH CERTAIN EXCEPTIONS SET FORTH IN THE CORPORATION’S CHARTER. ANY PERSON WHO ATTEMPTS TO BENEFICIALLY OWN SHARES OF SERIES
C PREFERRED STOCK IN EXCESS OF THE ABOVE LIMITATIONS MUST IMMEDIATELY NOTIFY THE CORPORATION. ALL CAPITALIZED TERMS IN THIS LEGEND HAVE THE MEANINGS DEFINED IN THE CORPORATION’S CHARTER. TRANSFERS IN VIOLATION OF THE RESTRICTIONS DESCRIBED
ABOVE MAY BE VOID AB INITIO. 
 IN ADDITION, UPON THE OCCURRENCE OF CERTAIN EVENTS, IF THE RESTRICTIONS ON OWNERSHIP ARE VIOLATED, THE
SHARES OF SERIES C PREFERRED STOCK REPRESENTED HEREBY MAY BE AUTOMATICALLY EXCHANGED FOR TRUST SHARES WHICH WILL BE HELD IN TRUST BY THE CORPORATION. THE CORPORATION HAS AN OPTION TO ACQUIRE TRUST SHARES UNDER CERTAIN CIRCUMSTANCES. THE CORPORATION
WILL FURNISH TO THE HOLDER HEREOF UPON REQUEST AND WITHOUT CHARGE A COMPLETE WRITTEN STATEMENT OF THE TERMS AND CONDITIONS OF THE TRUST SHARES. REQUESTS FOR SUCH STATEMENT MAY BE DIRECTED TO CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT
WASHINGTON, NEW YORK 11050, ATTENTION: SECRETARY. 
 Keep this Certificate in a safe place. If it is lost, stolen, or destroyed, the Company
will require a bond of indemnity as a condition to the issuance of a replacement certificate. 
 The following abbreviations, when used in
the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 
  

																	
	 TEN COM
	  	–	  	as tenants in common	  		  	 	UNIF GIFT MIN ACT	 	 	 	 	 	 	Custodian
	 TEN ENT
	  	–	  	as tenants by the entireties	  		  				 	 	(Custodian)	 	 	            (Minor)
	 JT TEN
	  	–	  	as joint tenants with right of	  		  				 	 	under Uniform Gifts to Minors Act of
		  		  	survivorship and not as tenants in common	  		  				 		
		  		  		  		  				 	 	 	 	 	
		  		  		  		  				 	 	(State)	 	 	

 Additional abbreviations may also be used though not in the above list. 

  
 2 

 FOR VALUE RECEIVED,
                                         
    DOES HEREBY SELL, ASSIGN AND TRANSFER UNTO 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 

        IDENTIFYING NUMBER OF ASSIGNEE 
  

 
  

 
  

 
 (Please Print or Typewrite Name and
Address, Including Zip Code, of Assignee) 
  
  

 
  
  

 
 shares of the 6.50% Series C Cumulative Redeemable
Preferred Stock represented by the within Certificate and does hereby irrevocably constitute and appoint 
  

 
 to transfer the said stock on the books of the within
named Company with full power of substitution in the premises. 

Dated                         
                 
  

					
		  	X	  	 
		  	X	  	 
		  	NOTICE:	  	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAMES AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
	 Signature(s) Guaranteed
	  		  	
			
	
By                  
                                         
                                         
        
	  		  	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C.
RULE 17Ad-15.	  		  	

  
 3

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