Item 1.01. Entry into a Material Definitive Agreement

On March 15, 2022, Strategic Realty Trust, Inc. (the "Company") and PUR Holdings Lender, LLC (the "Lender") entered into a first amendment (the "First Amendment to Loan Agreement") to allow for the extension of the maturity date of a loan agreement, dated as of December 30, 2021, between the Company and the Lender (the "Loan Agreement"). The Lender is an affiliate of the Company's advisor, SRT Advisor, LLC. Pursuant to the Loan Agreement, the Lender has provided the Company with a $4.0 million unsecured loan (the "Unsecured Loan"). The Unsecured Loan has a term of 12 months with an interest rate of 7.0% per annum, compounding monthly with the ability to pay-off during the term of the loan. The First Amendment to the Loan Agreement provides the Company with the option to extend the maturity date of the Unsecured Loan by six months, from December 30, 2022 to June 30, 2023, if the Company provides the Lender with notice, pays an extension fee, and no event of default has occurred.

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