Document:

Exhibit 10.14

EXTENSION OF TERMINATION DATE 

OF PRIVATE PLACEMENT OFFERING

Dated effective as of: December 31, 2014

 

 

 

Algodon Wines &
Luxury Development Group, Inc. (the “Company”) and DPEC Capital, Inc. (the “Placement Agent”) hereby confirm
their agreement to extend, from December 31, 2014 to March 31, 2015, the termination date for the Company’s Amended Subscription
Agreement and the Amended Placement Agent Agreement (the “PAA”) between the Company and the Placement Agent, both of
which were dated September 8, 2014, in accordance with the terms set forth in the Company’s Private Placement Memorandum/Amended
Subscription Agreement, dated September 8, 2014 and the PPA, respectively.

 

 

	DPEC
    CAPITAL, INC.	 	ALGODON
    WINES & LUXURY 
		 	 	DEVELOPMENT
    GROUP, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/
    Keith     Fasano	 	By:	/s/
    Mark Downey
	 	Name:
    Keith Fasano	 	 	Name:
    Mark Downey
	 	Title:
    Chief Compliance Officer	 	 	Title:
     Chief Operating Officer

 

    	 	 

     

    

 

SECOND EXTENSION OF TERMINATION DATE
OF 

PLACEMENT AGENT AGREEMENT AND WARRANT
AGREEMENT

Dated as of: March 31, 2015

 

 

 

Algodon Wines &
Luxury Development Group, Inc. (the “Company”) and DPEC Capital, Inc. (the “Placement Agent”) hereby confirm
their agreement to extend, from March 31, 2015 to April 30, 2015, plus up to an additional 30 days at the discretion of the Company
and the Placement Agent, the termination date for (1) the Amended Placement Agent Agreement between the Company and the Placement
Agent, dated September 8, 2014 and first extended on December 31, 2014, and (2) the Amended Warrant Agreement between the Company
and the Placement Agent, dated September 8, 2014 and first extended on December 31, 2014.

 

 

	DPEC
    CAPITAL, INC.	 	ALGODON
    WINES & LUXURY 
		 	 	DEVELOPMENT
    GROUP, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/
    Keith     Fasano	 	By:	/s/ Scott Mathis
    
	 	Name:
    Keith Fasano	 	 	Name:
    Scott Mathis
	 	Title:
    Chief Compliance Officer	 	 	Title:
     Chief Executive Officer

 

 

 

    	 	 

     

    

 

THIRD EXTENSION AND SECOND MODIFICATION
OF 

PLACEMENT AGENT AGREEMENT 

(INITIALLY DATED OCTOBER 1, 2012)

 

Dated as of: October 1, 2015

 

ALGODON WINES & LUXURY DEVELOPMENT
GROUP, INC.

135 Fifth Avenue, 10th Floor

New York, New York 10010

 

Ladies and Gentlemen:

 

This shall confirm that Algodon Wines &
Luxury Development Group, Inc., a Delaware corporation (the “Company”) and DPEC Capital, Inc., a Delaware corporation
(the “Placement Agent”), hereby agree to extend and modify the terms of their Placement Agent Agreement, dated October
1, 2012 (hereinafter the “PAA”), as initially extended by the First Extension of Placement Agent Agreement, dated June
30, 2013 and by the Amended Revised Second Extension of Placement Agent Agreement, dated June 30, 2014. Except as expressly modified
herein, all of the terms and provisions set forth in the PAA shall remain in full force and effect, and all capitalized terms used
herein shall have the same meanings therein. The modifications to the PAA are as follows:

 

(1) The most recent version of Sections 1.A. and 1.D. of the
PAA are hereby deleted in their entirety and replaced with the following:

 

1.Offering.

 

A.The Company hereby
engages the Placement Agent to act as exclusive placement agent in connection with the issuance and sale by the Company (the “2015
Contingent Common Stock Offering”) of up to 10,000,000 of shares of its Common Stock, $.01 par value per share (plus up to
an additional 2,500,000 Shares which the Company reserves the right to issue on the same terms provided herein) (the “Shares”),
at a price of $2.50 per share. A sale of 12,500,000 Shares shall be referred to as the “Maximum Offering.”

 

D.The 2015 Contingent
Common Stock Offering will terminate on the earlier of (a) the date the Company qualifies to trade its common stock on the OTCQB
tier of the OTC Markets or (b) November 22, 2015 (the “Contingency Failure Date”) (unless the Company extends the Contingency
Failure Date to no more than 60 days later).

 

 

    	 	 

     

    

 

(2) The most recent version of Section 4.B. of the PAA is hereby
deleted in its entirety and replaced with the following:

 

4.Representations
and Warranties of the Company.

 

B.The authorized capital
stock of the Company consists of 80,000,000 shares of common stock (“Common Shares”) and 11,000,000 shares of preferred
stock, par value $.01 per share (the “Preferred Shares”). Of this total, as of August 31, 2015, 38,604,473 Common Shares
are issued, which includes 4,411 shares held in treasury, and zero Preferred Shares are issued. As of the date hereof, the Company
has reserved 1,274,313 Common Shares for issuance upon the exercise of stock options (the “Stock Options”) that have
been granted to members of the Company’s Board of Directors, advisors, certain employees and others. As of the date hereof,
the Company has reserved 8,956,311 Common Shares for issuance upon the exercise of warrants to the Placement Agent in connection
with prior offerings (together with the Stock Options, the “Option Securities”). All of the issued and outstanding
shares of the capital stock of the Company are, and all Common Shares reserved for issuance will be, upon issuance in accordance
with the terms specified in the instruments or agreements pursuant to which they are issuable, duly authorized, validly issued,
fully paid, and non-assessable. Except for the outstanding Option Securities, there are no outstanding options, warrants, rights
to acquire or subscribe to, or commitments of any nature to which the Company is a party or may be bound, requiring the issuance
or sale of any class of capital stock or other equity securities, or securities or rights convertible into or exchangeable for
such shares or other equity securities.

 

(3) Additional modifications.

 

(a) All references in the PAA
to the “Offering” are hereby deleted and replaced with the “2015 Contingent Common Stock Offering.”

 

(b) The reference in the most
recent version of Section 1.C. to “March 31, 2015” is hereby deleted and replaced with “November 22, 2015 (unless
the Company extends this date to no more than 60 days later).”

 

(c) The reference in Section 10.B
to “Mark Downey” is hereby deleted and replaced with “Maria Echevarria.”

 

(4) Confirmation of representations.

 

By signing below, the Company and the Placement
Agent confirm that all of the representations made by each party in the PAA remain accurate as of the date of this agreement.

 

IN WITNESS WHEREOF,
the parties hereto have executed this agreement as of the date first written above.

 

	DPEC
    CAPITAL, INC.	 	ALGODON
    WINES & LUXURY 
		 	 	DEVELOPMENT
    GROUP, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/
    Maria Echevarria	 	By:	/s/
    Scott L. Mathis     
	 	Name:
    Maria Echevarria	 	 	Name:
    Scott L. Mathis
	 	Title:
    Chief Operations Officer	 	 	Title:
     PresidentExhibit 10.15 

EXTENSION OF WARRANT AGREEMENT

(INITIALLY DATED OCTOBER 1, 2012)

Dated as of: July 9, 2014

 

Algodon Wines & Luxury Development
Group, Inc.

135 Fifth Avenue, 10th Floor

New York, New York 10010

 

Ladies and Gentlemen:

 

This shall confirm
that Algodon Wines & Luxury Development Group, Inc., a Delaware corporation (the “Company”), hereby agrees with
DPEC Capital, Inc., a Delaware corporation (the “Placement Agent”), to extend the terms of their Warrant Agreement,
dated October 1, 2012 (the “Warrant Agreement”), to a second offering being conducted by the Company, commencing on
or about July 9, 2014 (hereinafter, the “Second Offering”). Except as expressly modified herein, all of the terms and
provisions set forth in the Warrant Agreement shall apply with respect to the Second Offering.

 

The modifications to
the Warrant Agreement are as follows:

 

1.     
As of July 9, 2014, all references to the “Offering” shall refer to the Company’s proposed private placement
of up to 10,000,000 shares of common stock of the Company, $.01 par value per share (plus up to an additional 3,000,000 shares
on the same terms), at an offering price of $3.00 per share.

 

2.     
To the extent the Warrant Agreement pertains to the Second Offering, all references to the “Exercise Price”
shall be understood to be $3.00 per share.

 

3.     
The legend referred to in paragraph 8.1 of the Warrant Agreement shall read as follows:

 

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933,
(ii) TO THE EXTENT APPLICABLE, RULE 144 UNDER SUCH ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES),
OR (iii) AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO COUNSEL FOR THE ISSUER, THAT AN EXEMPTION FROM
REGISTRATION UNDER SUCH ACT IS AVAILABLE.

 

THE TRANSFER OR EXCHANGE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE IS RESTRICTED IN ACCORDANCE WITH THE EXTENSION OF WARRANT AGREEMENT BETWEEN THE ISSUER AND DPEC
CAPITAL, INC. DATED AS OF JULY 9, 2014, AS AMENDED AND REVISED. 

 

    	 	 

     

    

 

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date first written above.

 

	DPEC
    CAPITAL, INC.	 	ALGODON
    WINES & LUXURY 
		 	 	DEVELOPMENT
    GROUP, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/
    Keith     Fasano	 	By:	/s/
Scott L. Mathis
	 	Name:
    Keith Fasano	 	 	Name:
Scott L. Mathis
	 	Title:
    Chief Compliance Officer	 	 	Title:
     President

 

    	 	 

     

    

 

 

SECOND EXTENSION OF WARRANT AGREEMENT

(INITIALLY DATED OCTOBER 1, 2012)

Dated as of: September 8, 2014

 

Algodon Wines & Luxury Development
Group, Inc.

135 Fifth Avenue, 10th Floor

New York, New York 10010

 

Ladies and Gentlemen:

 

This shall confirm
that Algodon Wines & Luxury Development Group, Inc., a Delaware corporation (the “Company”), hereby agrees with
DPEC Capital, Inc., a Delaware corporation (the “Placement Agent”), to extend the terms of their Warrant Agreement,
dated October 1, 2012 (the “Warrant Agreement”), as previously amended and extended on July 9, 2014 (the “Initial
Extension”), to a second offering being conducted by the Company, commencing on or about July 9, 2014, as amended on September
8, 2014 (hereinafter, the “Amended Second Offering”). Except as expressly modified herein, all of the terms and provisions
set forth in the Warrant Agreement and the Initial Extension shall apply with respect to the Amended Second Offering.

 

The modifications to
the Warrant Agreement are as follows:

 

1.As of September
8, 2014, all references to the “Offering” shall refer to the Company’s proposed private placement of up to 5,000,000
shares of common stock of the Company, $.01 par value per share (plus up to an additional 1,500,000 shares on the same terms),
at an offering price of $2.00 per share.

 

2.To the extent
the Warrant Agreement pertains to the Amended Second Offering, all references to the “Exercise Price” shall be understood
to be $2.00 per share.

 

3.The legend referred
to in paragraph 8.1 of the Warrant Agreement shall read as follows:

 

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933,
(ii) TO THE EXTENT APPLICABLE, RULE 144 UNDER SUCH ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES),
OR (iii) AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO COUNSEL FOR THE ISSUER, THAT AN EXEMPTION FROM
REGISTRATION UNDER SUCH ACT IS AVAILABLE.

 

THE TRANSFER OR EXCHANGE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE IS RESTRICTED IN ACCORDANCE WITH THE EXTENSION OF WARRANT AGREEMENT BETWEEN THE ISSUER AND DPEC
CAPITAL, INC. DATED AS OF SEPTEMBER 8, 2014, AS AMENDED AND REVISED. 

 

    	 	 

     

    

 

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date first written above.

 

 

	DPEC
    CAPITAL, INC.	 	ALGODON
    WINES & LUXURY 
		 	 	DEVELOPMENT
    GROUP, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/
    Keith     Fasano	 	By:	/s/ Scott
L. Mathis    
	 	Name:
    Keith Fasano	 	 	Name:
    Scott
L. Mathis
	 	Title:
    Chief Compliance Officer	 	 	Title:
     President

 

 

    	 	 

     

    

 

 

THIRD EXTENSION OF WARRANT AGREEMENT

(INITIALLY DATED OCTOBER 1, 2012)

Dated as of: October 1, 2015

 

Algodon Wines & Luxury Development
Group, Inc.

135 Fifth Avenue, 10th Floor

New York, New York 10010

 

Ladies and Gentlemen:

 

This shall confirm that Algodon Wines &
Luxury Development Group, Inc., a Delaware corporation (the “Company”), hereby agrees with DPEC Capital, Inc., a Delaware
corporation (the “Placement Agent”), to extend the terms of their Warrant Agreement, dated October 1, 2012 (the “Warrant
Agreement”), as previously amended and extended on July 9, 2014 and September 8, 2014 (the “Initial Extensions”),
to a third offering being conducted by the Company, commencing on or about October 1, 2015 (hereinafter the “2015 Contingent
Common Stock Offering”). Except as expressly modified herein, all of the terms and provisions set forth in the Warrant Agreement
and the Initial Extensions shall apply with respect to the 2015 Contingent Common Stock Offering.

 

The modifications to the Warrant Agreement
are as follows:

 

1.All references to the “Offering”
shall refer to the 2015 Contingent Common Stock Offering of up to 10,000,000 shares of common stock of the Company, $.01 par value
per share (plus up to an additional 2,500,000 shares on the same terms), at an offering price of $2.50 per share.

 

2.To the extent the Warrant Agreement
pertains to the 2015 Contingent Common Stock Offering, all references to the “Exercise Price” shall be understood to
be $2.50 per share.

 

3.The legend referred to in paragraph
8.1 of the Warrant Agreement shall read as follows:

 

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933,
(ii) TO THE EXTENT APPLICABLE, RULE 144 UNDER SUCH ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES),
OR (iii) AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO COUNSEL FOR THE ISSUER, THAT AN EXEMPTION FROM
REGISTRATION UNDER SUCH ACT IS AVAILABLE.

 

THE TRANSFER OR EXCHANGE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE IS RESTRICTED IN ACCORDANCE WITH THE THIRD EXTENSION OF WARRANT AGREEMENT BETWEEN THE ISSUER AND
DPEC CAPITAL, INC. DATED AS OF OCTOBER 1, 2015, AS AMENDED AND REVISED. 

 

    	 	 

     

    

 

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement as of the date first written above.

 

 

	DPEC
    CAPITAL, INC.	 	ALGODON
    WINES & LUXURY 
		 	 	DEVELOPMENT
    GROUP, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:		 	By:	   
	 	Name:
    Keith Fasano	 	 	Name:
    Scott
L. Mathis
	 	Title:
    Chief Compliance Officer	 	 	Title:
     President

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