SEC Contract Filing

Filing Date: 2019-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.22
<SEQUENCE>2
<FILENAME>ex1022fifthamendment_v2doc.htm
<DESCRIPTION>EXHIBIT 10.22 REVERE FIFTH AMENDMENT
<TEXT>
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<div><a name="s746577C40FB077592D8AC2C853CD60A7"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.22</font></div></div><div><br></div><div style="line-height:135%;padding-top:1px;text-align:center;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;text-decoration:underline;">FIFTH AMENDMENT TO LOAN DOCUMENTS</font></div><div style="line-height:137%;padding-top:18px;text-align:left;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">THIS FIFTH AMENDMENT TO LOAN DOCUMENTS </font><font style="font-family:inherit;font-size:11.5pt;">(the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Agreement") </font><font style="font-family:inherit;font-size:11.5pt;">made effective as of the 21 day of November, 2018 (the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Effective Date"), </font><font style="font-family:inherit;font-size:11.5pt;">between </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">REVERE HIGH YIELD FUND, LP, </font><font style="font-family:inherit;font-size:11.5pt;">a Delaware limited partnership having an address of 2000 McKinney Avenue, Suite 2125, Dallas, Texas 75201, (the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Lender"), WHEELER REIT, L.P., </font><font style="font-family:inherit;font-size:11.5pt;">a Virginia limited partnership having an office and place of business located at 2529 Virginia Beach Boulevard, Virginia Beach, Virginia 23452 (the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Borrower") </font><font style="font-family:inherit;font-size:11.5pt;">and </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">WHEELER REAL ESTATE INVESTMENT TRUST, INC., </font><font style="font-family:inherit;font-size:11.5pt;">a Maryland corporation located at 2529 Virginia Beach Boulevard, Virginia Beach, Virginia 23452 on behalf of itself and on behalf of guarantors listed on </font><font style="font-family:inherit;font-size:11.5pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:11.5pt;">&#32;hereto (herein together with successors and assigns, the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Guarantor"). </font><font style="font-family:inherit;font-size:11.5pt;">By execution of this Agreement, Guarantor agrees and consents to be bound by all of the terms set forth herein.</font></div><div style="line-height:130%;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">WITNESSETH:</font></div><div style="line-height:137%;padding-top:18px;text-align:justify;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:11.5pt;">Lender made a loan to Borrower (the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Loan") </font><font style="font-family:inherit;font-size:11.5pt;">in the original principal amount of </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">EIGHT MILLION AND 00/100 DOLLARS </font><font style="font-family:inherit;font-size:11.5pt;">($8,000,000.00), which Loan is evidenced by a Term Note in the amount of </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">EIGHT MILLION AND 00/100 DOLLARS </font><font style="font-family:inherit;font-size:11.5pt;">($8,000,000.00) from Borrower to Lender dated as of April 8, 2016 (the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Note ");</font></div><div style="line-height:137%;padding-top:17px;text-align:justify;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:11.5pt;">the Note was executed in connection with and secured by, among other things, (i) that certain Term Loan and Security Agreement dated as of April 8, 2016 by and between Borrower and Lender (the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Loan Agreement"); </font><font style="font-family:inherit;font-size:11.5pt;">(ii) the Guaranty; (iii) the Mortgage; (iv) the Environmental Indemnity; and (viii) all other loan documents executed by Borrower in favor of Lender in connection with the Loan (all of the foregoing subparagraphs (i) through (viii), as from time to time thereafter amended or modified, collectively, the </font><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">"Loan Documents");</font></div><div style="line-height:132%;padding-top:18px;text-align:justify;text-indent:48px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:11.5pt;">Borrower has requested Lender release: (i) that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated April 8, 2016 encumbering 2529 Virginia Beach Boulevard, Virginia Beach, Virginia, which deed of trust was recorded in the Clerk's Office of the City of Virginia Beach, Virginia on April 18, 2016, Instrument No.20160418000311390, from Riversedge Office Associates, LLC in favor of Lender; (the "Released Mortgage");</font></div><di