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Exhibit 10.1
 
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
 
The parties hereto are entering into this Amendment No. 1, dated as of May 8,
2018 (this “Amendment”), to that certain Agreement and Plan of Merger, dated as
of November 9, 2017 (the “Merger Agreement”) by and among B. Riley Financial,
Inc., a Delaware corporation (“Parent”), B. R. Acquisition Ltd., an Israeli
corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), and
magicJack VocalTec Ltd., an Israeli corporation (the “Company”).  Unless
otherwise defined herein, capitalized terms used in this Amendment shall have
the meanings assigned to such terms in the Merger Agreement.
 
WHEREAS, in accordance with Section 7.04 of the Merger Agreement, the Parties
desire to amend certain provisions of the Merger Agreement.
 
NOW THEREFORE, in consideration of the mutual covenants and agreements contained
in this Amendment and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Parties hereby agree as follows:
 

1.
A new Section 5.17 shall be added as follows:

 
Reorganization.  As soon as practicable following the Closing, the Company shall
sell and transfer to BRPI Acquisition Co LLC, a wholly‑owned, indirect U.S.
subsidiary of the Parent (“US Sub”), and Parent shall cause US Sub to purchase
and acquire from the Company, all outstanding capital stock of YMax Corporation,
a Delaware corporation and wholly‑owned subsidiary of the Company, in exchange
for a promissory note or such other consideration as Parent and the Company may
agree.
 

2.
Miscellaneous.  This Amendment and the Merger Agreement (including the documents
and the instruments referred to therein), together, contains the entire
understanding of the Parties in respect of their subject matter and supersede
all prior agreements and understandings (oral or written) between the Parties
with respect to such subject matter, other than the Confidentiality Agreement. 
Except as specifically amended hereby, the Merger Agreement, as amended hereby,
shall remain in full force and effect.  The terms and provisions of Section
8.02, Section 8.05, Section 8.07, Section 8.08, Section 8.09, Section 8.10,
Section 8.11, Section 8.12 and Section 8.13 of the Merger Agreement are
incorporated herein by reference as if set forth herein in their entirety and
shall apply mutatis mutandis to this Amendment.

 
(Remainder of page intentionally left blank.)

 

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IN WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed
on the date first written above.
 

 
B. RILEY FINANCIAL, INC.
      
By:
/s/ Bryant Riley 
     
Name:
Bryant Riley
     
Title:
Chairman and Chief Executive Officer
           
B. R. ACQUISITION LTD.
      
By:
/s/ Kenneth M. Young 
     
Name:
Kenneth M. Young
     
Title:
Chief Executive Officer
 

 
(Signature Page to Amendment No. 1 to Merger Agreement)

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MAGICJACK VOCALTEC LTD.
      
By:
/s/ Don Carlos Bell III 
     
Name:
Don Carlos Bell III
     
Title:
Chief Executive Officer
 

 
(Signature Page to Amendment No. 1 to Merger Agreement)

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