SEC Contract Filing

Filing Date: 2020-12-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea132081ex10-2_wheelerreal.htm
<DESCRIPTION>WARRANT FOR THE PURCHASE OF COMMON STOCK DATED DECEMBER 22, 2020
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">This
warrant and the securities issuable upon exercise of this warrant HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE &ldquo;<U>SECURITIES ACT</U>&rdquo;), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR
SALE, SOLD, or otherwise TRANSFERRED OR ASSIGNED (I)&nbsp;IN THE ABSENCE OF (A)&nbsp;AN EFFECTIVE REGISTRATION STATEMENT FOR THE
SECURITIES UNDER THE SECURITIES ACT in accordance with applicable state securities laws OR (B)&nbsp;AN AVAILABLE EXEMPTION FROM,
OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS OR BLUE SKY LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY AND ITS TRANSFER
AGENT OR (II) UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE
PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.</FONT></P>

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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant
 No. 1</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date
 of Issuance: December 22, 2020</FONT></TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEELER
REAL ESTATE INVESTMENT TRUST, INC.</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COMMON
STOCK PURCHASE WARRANT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR
VALUE RECEIVED, Wheeler Real Estate Investment Trust, Inc., a Maryland corporation (the &ldquo;<U>Company</U>&rdquo;), hereby
certifies that Powerscourt Investments XXII, LP, a Delaware limited partnership (together with its successors and assigns, the
&ldquo;<U>Holder</U>&rdquo;), is entitled to purchase from the Company, at any time or from time to time on or after the date
hereof and before 5:00 p.m., Eastern time, on the 36-month anniversary of the date of issuance hereof (such date, the &ldquo;<U>Expiration
Date</U>,&rdquo; and such period, the &ldquo;<U>Exercise Period</U>&rdquo;), all or any portion of an aggregate amount equal to
496,415 shares of the Company&rsquo;s common stock, $0.01 par value per share (&ldquo;<U>Common Stock</U>&rdquo;), outstanding
immediately prior to the Effective Date (such shares, the &ldquo;<U>Warrant Shares</U>,&rdquo; and together with this Warrant,
the &ldquo;<U>Securities</U>&rdquo;) for $3.12 per share (subject to adjustment as provided herein, the &ldquo;<U>Exercise Price</U>&rdquo;),
upon the terms and subject to the conditions set forth herein.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Warrant is hereby issued in connection with, and is a condition precedent to, the Financing Agreement, dated as of December 22,
2020 (the &ldquo;<U>Financing Agreement</U>&rdquo;), by and among the Company as borrower, each Subsidiary of the Company party
thereto as a guarantor, the lenders from time to time party thereto, and Powerscourt Investments XXII, LP as administrative agent
and collateral agent. Unless otherwise separately defined herein, all capitalized terms used in this Warrant shall have the respective
meanings ascribed to them in the Financing Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; text-transform: none">&nbsp;</FONT></P>

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