Exhibit 10.1


 





FOURTH AMENDMENT TO AMENDED AND RESTATED
PROMISSORY NOTE


 


 


THIS FOURTH AMENDMENT
TO AMENDED AND RESTATED PROMISSORY NOTE (this “Amendment”) is dated November 30, 2016, by and between HEALTHWAREHOUSE.COM,
INC., a Delaware corporation, HWAREH.COM, INC., a Delaware corporation, and HOCKS.COM, INC., an Ohio corporation,
jointly and severally (collectively, “Borrower”), and MELROSE CAPITAL ADVISORS, LLC, an Ohio limited
liability company (together with its successors and assigns, “Lender”).


 


WHEREAS, Borrower executed
an Amended and Restated Promissory Note dated August 15, 2016, payable to the order of Lender in the principal amount of $1,200,000.00,
with a maturity date of September 30, 2016, an Amendment to Amended and Restated Promissory Note dated September 30, 2016, which
extended the maturity date to October 14, 2016, a Second Amendment to Amended and Restated Promissory Note dated September 30,
2016, which extended the maturity date to October 31, 2016, and a Third Amendment to Amended and Restated Promissory Note dated
October 31, 2016, which extended the maturity date to November 30, 2016 (together with all previous amendments or modifications
thereto, the “Note”);


 


WHEREAS, Borrower and
Lender desire to amend the Note as provided for below;


 


NOW, THEREFORE,
in consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree as
follows:


 


		1.	The Note is hereby amended as follows:



 


		a.	Section 2 of the Note amended to extend the Maturity Date from November 30, 2016 to February 28,
2017.



 


2.       Capitalized
terms used and not otherwise defined herein will have the meanings set forth in the Note.


 


3.       Borrower
hereby certifies that: (a) all of its representations and warranties in the Note are true and correct as of the date of this Amendment;
(b) no Event of Default or event which, with the passage of time or the giving of notice or both, would constitute an Event of
Default, exists under the Note; and (c) this Amendment has been executed and delivered so that it constitutes the legal, valid
and binding obligation of the Borrower, enforceable in accordance with its terms. Borrower confirms that the obligations under
the Note remain outstanding without defense, set off, counterclaim, discount or charge of any kind as of the date of this Amendment.



 


4.       This
Amendment is a continuation of the Note and shall not be construed as a novation or extinguishment of the obligations arising under
the Note as originally issued, and the issuance of this Amendment shall not affect the priority of any security interest granted
in connection with the Note. The execution of this Amendment shall not be deemed to be a waiver of any default or Event of Default.


 


5.       Borrower
hereby confirms that the collateral for the Note, including but not limited to the following: (i) Security Agreement from HEALTHWAREHOUSE.COM,
INC., HWAREH.COM, INC. and HOCKS.COM, INC. dated March 28, 2013, covering all business assets, including but not limited to accounts,
inventory, equipment , deposit accounts and general intangibles and (ii) Deposit Account Control Agreement dated October 22, 2015
between Borrower, Lender and Cheviot Savings Bank with respect to Borrower’s deposit accounts, as restated by a Deposit Account
Control Agreement dated July 8, 2016 between MainSource Bank, successor in interest to Cheviot Savings Bank, Borrower and Lender,
with respect to Borrower’s deposit accounts at MainSource Bank ((i) and (ii), collectively, the “Collateral”),
shall continue unimpaired and in full force and effect.


 






     


     


    

 


6.       Borrower
hereby releases and/or forever discharges Lender, including its members, managers, employees, agents, attorneys, officers, directors,
representatives and affiliates (collectively “Lender Parties”), from any and all claims, demands, actions, causes of
action, liabilities, losses or costs, whether known or unknown, which they have, may have, claim to have or allege to have against
Lender Parties as of the date this Amendment is executed, which relate to the Note, as amended, or the terms of the Note, as amended,
or any instrument related to the Note executed prior to the date this Amendment is executed, including the Loan Documents, and/or
any other actions taken or not taken by the Lender Parties in connection with the obligations under the Loan Documents prior to
the date this Amendment is executed.


 


7.       This
Amendment may be signed in any number of counterpart copies and by the parties hereto on separate counterparts, but all such copies
shall constitute one and the same instrument.


 


8.       Each
party to this Amendment agrees that the terms and conditions of this Amendment are the result of arms-length negotiations between
the parties and that this Amendment shall not be construed in favor of or against any party by reason of the extent to which any
party, or its counsel, participated in the drafting of this Amendment.


 


9.       This
Amendment will be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns.


 


10.       Except
as expressly modified hereby, the Note remains unaltered and in full force and effect. This Amendment shall be considered an integral
part of the Note, and all references to the Note in the Note itself or any other Loan Documents shall, on and after the date of
this Amendment, be deemed to be references to the Note as amended by this Amendment. Borrower acknowledges that Lender has made
no oral representations to Borrower with respect to the Note and this Amendment thereto and that all prior understandings between
the parties are merged into the Note as amended by this Amendment.


 


11.    WAIVER
OF JURY TRIAL.BORROWER HEREBY WAIVES THE RIGHT TO TRIAL BY JURY OF ANY MATTERS ARISING OUT OF THIS AMENDMENT, THE NOTE
AND THE TRANSACTIONS CONTEMPLATED HEREBY.


 


12.     CONFESSION
OF JUDGMENT. Borrower authorizes any attorney to appear in any court of record in or of the State of Ohio, after the Note
becomes due and payable, whether by its terms or upon default, to waive service of process and enter judgment by confession against
Borrower in favor of Lender or any holder hereof for the outstanding principal of and accrued but unpaid interest on the Note,
plus all costs of collection, including, without limitation, court costs and reasonable attorney’s fees, and thereby to waive
and release all errors in the proceedings and judgment, and all rights of appeal from such judgment and stay of execution. Stay
of execution and all exemptions are hereby waived. Borrower also agrees that the attorney acting for Borrower as set forth in this
paragraph may be compensated by Lender for such services, and Borrower waives any conflict of interest caused by such representation
and compensation arrangement. If an obligation is referred to an attorney for collection, and the payment is obtained without the
entry of a judgment, the obligors will pay to Lender its attorneys' fees.


 


 


 


[EXECUTION PAGE FOLLOWS]


 






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WARNING - BY SIGNING THIS PAPER,
YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME, A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT
YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE
CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT OR ANY OTHER CAUSE.


 


 


HEALTHWAREHOUSE.COM, INC.



 


	By: 	/s/ Jeffrey T. Holtmeier	 
	Print Name:	Jeffrey T. Holtmeier	 
	Title:	President & Chief Executive Officer	 
	 	 	 


 





	HWAREH.COM, INC.	 	HOCKS.COM, INC.
	 	 	 	 	 
	By:	
        /s/ Jeffrey T. Holtmeier
	 	By:	
        /s/ Jeffrey T. Holtmeier

	Print Name: 
	

         Jeffrey T. Holtmeier
	 	Print Name:	
        Jeffrey T. Holtmeier

	Title:	President & Chief Executive
        Officer	 	Title: 	President & Chief Executive
        Officer


 


 


MELROSE CAPITAL ADVISORS,
LLC


  


	By: 	/s/ Timothy E. Reilly 	 
	  	Timothy E. Reilly, Managing Member 	 


 






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