Document:

Exhibit 10.2

 

AMENDMENT NO. 5 AGREEMENT

 

This Amendment No. 5 Agreement dated as of
August 31, 2018 (this “Amendment”) between ____________ (the “Holder”) and DPW Holdings,
Inc., a Delaware corporation (the “Company”), relates to the Security Agreement (as defined below) entered into
by and among the foregoing parties as well as the subsidiaries of the Company signatory thereto (collectively, the “Guarantors”)
as well as certain other agreements entered into by the parties as described below.

 

Recitals

 

		A.	The Company, the Guarantors and the Holder have executed the Security Agreement dated as of May
15, 2018 (the “Security Agreement”) entered into in connection with the execution by the Company and the Holder
of the Securities Purchase Agreement (the “SPA”) dated of even date therewith.

 

		B.	The Company and the Guarantors have executed the Subsidiary Guarantee dated as of May 15, 2018
(the “Guarantee”) entered into in connection with the SPA.

 

		C.	The Company and the Holder have executed the Intellectual Property Security Agreement dated as
of May 15, 2018 (the “IP Agreement”) entered into in connection with the SPA.

 

		D.	The Company, Super Crypto Mining, Inc. (“SCM” and with the Guarantors, the “Subsidiaries”)
and the Holder have executed the Security and Pledge Agreement dated as of May 15, 2018 (the “S&P Agreement”
and with the Security Agreement, the Guarantee and the IP Agreement, the “Subject Agreements”) entered into
in connection with the SPA.

 

		E.	The Holder, the Company and the Subsidiaries desire to amend the Subject Agreements as set forth
herein.

 

NOW, THEREFORE, for TEN
DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, intending to be legally bound hereby, agree as follows:

 

1.       Definitions.
Other than as provided in this Amendment, capitalized terms used but not defined in this Amendment shall have the meaning given
to them in the SPA.

 

		2.	Amendments to the Subject Agreements. Each reference to the “Note” in any of
the Subject Agreements shall be amended to mean not only (a) the Senior Secured Convertible Promissory Note, dated May 15, 2018,
sold by the Company to the Holder pursuant to the SPA and (b) the Senior Secured Convertible Promissory Note, dated July 2, 2018,
sold by the Company to the Holder pursuant to the Securities Purchase Agreement dated of even date therewith, as such notes may
be amended from time to time, but also (c) the Senior Secured Convertible Promissory Note, dated August 31, 2018, to be sold by
the Company to the Holder pursuant to the Securities Purchase Agreement dated of even date therewith.

 

3.       Representations
and Warranties. When the Company and each of the Subsidiaries signs this Amendment, the Company and each of the Subsidiaries
represents and warrants to the Holder that: (a) this Amendment is within the Company’s and the Subsidiaries’ powers,
has been duly authorized, does not conflict with any of the Company’s and the Subsidiaries’ organizational documents
and is the legal, valid and binding obligation of the Company and the Subsidiaries enforceable against each of them in accordance
with its terms, and (b) that the person or persons executing this Amendment on behalf of the Company and the Subsidiaries are duly
appointed officers or other representatives of the Company and the Subsidiaries, respectively, with authority to execute and deliver
this Amendment on behalf of the Company and the Subsidiaries.

 

4.       Conditions.
This Amendment will be effective when each of the following conditions shall have been satisfied, as determined by the Holder in
its sole discretion and the Holder shall have accepted this Amendment (notice of which acceptance is hereby waived by the Company).

 

		a.	The Holder has received evidence that the execution, delivery and performance by the Company of
this Amendment and any instrument or agreement required under this Amendment have been duly authorized.

 

		b.	This Amendment has been executed by the Company, the Subsidiaries and the Holder.

 

5.       Effect
of Amendment; References.

 

		a.	Except as expressly amended hereby, all of the terms and conditions of the Subject Agreements shall
remain unchanged and in full force and effect and the Company and each of the Subsidiaries hereby reaffirms its obligations under
the Subject Agreements to which it is a party as amended by this Amendment, without defense, right of set off or recoupment, claim
or counterclaim of any kind or nature (and to the extent there exists any such defense, right of set off or recoupment, claim or
counterclaim on the date hereof, the same is hereby forever released, discharged and waived by the Company and the Subsidiaries).
The Company and each of the Subsidiaries hereby reaffirms as of the date hereof its representations and warranties under each Subject
Agreement and each Transaction Document (as defined in the SPA) to which it is a party.

 

    	 		 

    	 

    

 

		b.	This Amendment (i) is limited precisely as specified herein and does not constitute nor shall be
deemed to constitute a modification, acceptance or waiver of any other provision of the Subject Agreements or the other Transaction
Documents, (ii) is not intended to be nor shall it be construed to create, a novation or an accord and satisfaction of any obligation
or liability of the Company or the Subsidiaries under the Subject Agreements or the other Transaction Documents, and (iii) shall
not prejudice or be deemed to prejudice any rights or remedies the Holder may now have or may in the future have under or in connection
with the Subject Agreements or the other Transaction Documents.

 

		c.	All references in any Transaction Document to any other Transaction Document amended hereby shall
be deemed to be a reference to such Transaction Document as amended by this Amendment.

 

6.   
        Miscellaneous.

 

		a.	This Amendment shall be governed by and construed in accordance with the laws of the state provided
in the SPA.

 

		b.	This Amendment may be executed in counterparts, each of which when so executed shall be deemed
an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed signature
page of this Amendment by facsimile or electronic transmission shall be effective as a delivery of a manually executed counterpart
thereof.

 

		c.	Further Assurances. The Company and each of the Subsidiaries, at their own expense and at
any time from time to time, upon the written request of the Holder, will promptly and duly execute and deliver such further instruments
and documents and take such further actions as the Holder reasonably may request for the purposes of obtaining or preserving the
full benefits of each of the Subject Agreements and of the rights and powers therein granted.

 

		d.	Each of the Company and the Subsidiaries hereby authorizes the Holder to file one or more financing
statements under the UCC, including any UCC-1 or UCC-3 financing statement, with the proper filing and recording agencies in any
jurisdiction reasonably deemed proper by it in order to perfect its security interest under the Subject Agreements, as amended
by this Amendment.

 

 

[Remainder of page intentionally blank.]

 

    	 		 

    	 

    

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed under seal and delivered by their respective duly authorized representatives
on the date first written above.

 

 

	
        DPW HOLDINGS, INC.

        
	 	 
	 	 	 
	By:	 	 	By:	 
	 	Name: Milton C. Ault III	 	 	Name: 
	 	Title: Chief Executive Officer	 	 	Title:
	 	 	 	 	 
	Facsimile No. for delivery of Notices:	 	Facsimile No. for delivery of Notices:

 

 

	SUPER CRYPTO MINING, INC.	 	COOLISYS TECHNOLOGIES, INC.
	 	 	 
	By: 	 	 	By:	  
	Name:	Darren Magot	 	Name: 	 Amos Kohn
	Title:	Chief Executive Officer	 	Title: 	 Chief Executive Officer
	 	 	 	 	 
	 	 	FLEXISPHERE ACQUISITION CORP.
	 	 	 
	 	 	 	 
	 	 	By:	 
	 	 	Name: 	 Milton C. Ault III
	 	 	Title: 	Chief Executive Officer
	 	 	 	 
	 	 	DIGITAL POWER CORPORATION
	 	 	 	 
	 	 	By:	 
	 	 	Name: 	 Amos Kohn
	 	 	Title: 	 Chief Executive Officer

 

 

	 	 	EXCELO, LLC
	 	 	 	 
	 	 	By:	  
	 	 	Name: 	 Kevin Martino
	 	 	Title: 	 Managing Partner
	 	 	 
	 	 	DIGITAL POWER LENDING, LLC
	 	 	 
	 	 	 	 
	 	 	By:	 
	 	 	Name: 	 William Corbett
	 	 	Title: 	 Manager
	 	 	 	 
	 	 	POWER-PLUS TECHNICAL DISTRIBUTORS, LLC
	 	 	 	 
	 	 	By:	 
	 	 	Name: 	 Amos Kohn
	 	 	Title: 	 ManagerExhibit 10.3

 

AMENDMENT NO. 6 AGREEMENT

 

This Amendment No. 6 Agreement (this “Amendment”)
is dated effective as of August 31, 2018 by and between __________________ (the “Holder”) and DPW Holdings,
Inc., a Delaware corporation (the “Company”).

 

 

Recitals

 

		A.	The Company has executed various documents concerning credit extended by the Holder, including,
without limitation, the Securities Purchase Agreement dated as of May 15, 2018 (the “May Agreement”), the Transaction
Documents (as defined in the May Agreement)) and, more specifically, the Senior Secured Convertible Promissory Note dated May 15,
2018 and due November 15, 2018 (the “May Note”) and the Senior Secured Convertible Promissory Note dated July
2, 2018 and due January 1, 2019 (the “July Note”) acquired pursuant to a Securities Purchase Agreement dated
as of July 2, 2018.

 

		B.	The Holder and the Company desire to amend the May Note and the July Note as set forth herein.

 

NOW, THEREFORE, for TEN
DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, intending to be legally bound hereby, agree as follows:

 

1.     Definitions.
Capitalized terms used but not defined in this Amendment shall have the meaning given to them in the May Note and the other Transaction
Documents.

 

		2.	Amendments to May Note. The May Note, including its Notice of Conversion and Schedule, is
hereby amended as follows:

 

(a)       By
replacing “November 15, 2018” with “October 31, 2019” in each place where such term appears in the May
Note and by replacing the figure “6,000,000,” representing the principal amount of the May Note, with the figure “5,030,932.06.”

 

(b)       By
replacing Section 2(a), which currently provides:

 

a)       Payment
of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate
of ten percent (10%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 50% of such guaranteed
annual interest in cash on the Closing Date and 50% of such guaranteed annual interest as Amortization Payments (as defined below)
in accordance with Section 2(f) hereof. Following the Closing Date, all interest payments hereunder shall be payable in cash. Accrued
and unpaid interest shall be due and payable on each Conversion Date, each Amortization Payment Date, on the Maturity Date, or
as otherwise set forth herein.

 

And substituting in lieu thereof:

 

a)       Payment
of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate
of ten percent (10%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder such principal
and interest as Amortization Payments (as defined below) in accordance with Section 2(f) hereof. Following the Closing Date, all
interest payments hereunder shall be payable in cash. Accrued and unpaid interest shall be due and payable on each Conversion Date,
each Amortization Payment Date, on the Maturity Date, or as otherwise set forth herein.

 

(c)       By
replacing Section 2(f), which currently provides:

 

f)       Amortization.
Commencing on the last Trading Day of the second week following the Closing Date and continuing every two (2) weeks thereafter
for a period of 26 weeks (each, an “Amortization Payment Date”), the Company shall redeem one-thirteenth (1/13th)
of each of the original principal amount of this Note, accrued but unpaid interest and the Make-Whole Amount in accordance with
the Amortization Payment Schedule set forth on Schedule 2(f) (each, an “Amortization Payment”). Each Amortization
Payment shall be made in cash in the amounts set forth on Schedule 2(f) hereto. Any outstanding unpaid principal and accrued interest
on this Note as of the Maturity Date will be due and payable on the Maturity Date in cash.

 

And substituting in lieu thereof:

 

f)       Amortization.
Commencing on September 30, 2018 and continuing every month thereafter for a period of fourteen (14) months (each, an “Amortization
Payment Date”), the Company shall redeem one-fourteenth (1/14th) of each of the original principal amount of this Note,
accrued but unpaid interest in accordance with the Amortization Payment Schedule set forth on Schedule 2(f) (each, an “Amortization
Payment”). Each Amortization Payment shall be made in cash in the amounts set forth on Schedule 2(f) hereto. Any outstanding
unpaid principal and accrued interest on this Note as of the Maturity Date will be due and payable on the Maturity Date in cash.

 

    	 		 

    	 

    

 

(d)       By
replacing the Amortization Payment Schedule in Section 2(f) of the Note with the Amortization Payment Schedule set forth on Exhibit
A hereto.

 

 

		3.	Amendments to May Note and the July Note. Each of the May Note and the July Note is hereby
amended as follows:

 

By replacing Section 4(b), which currently
provides:

 

(b)       Conversion
Price. The conversion price in effect on any Conversion Date shall be equal to $0.75 (the “Fixed Conversion Price”).
All such foregoing determinations will be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification
or similar transaction that proportionately decreases or increases the Common Stock during such measuring period. Nothing herein
shall limit a Holder’s right to pursue actual damages or declare an Event of Default pursuant to Section 6 hereof and the
Holder shall have the right to pursue all remedies available to it hereunder, at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief. The exercise of any such rights shall not prohibit the Holder from seeking
to enforce damages pursuant to any other Section hereof or under applicable law.

 

And substituting in lieu thereof:

 

(b)       Conversion
Price. The conversion price in effect on any Conversion Date shall be equal to $0.40 (the “Fixed Conversion Price”).
All such foregoing determinations will be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification
or similar transaction that proportionately decreases or increases the Common Stock during such measuring period. Nothing herein
shall limit a Holder’s right to pursue actual damages or declare an Event of Default pursuant to Section 6 hereof and the
Holder shall have the right to pursue all remedies available to it hereunder, at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief. The exercise of any such rights shall not prohibit the Holder from seeking
to enforce damages pursuant to any other Section hereof or under applicable law.

 

4.     Representations
and Warranties. When the Company signs this Amendment, the Company represents and warrants to the Holder that: (a) this Amendment
is within the Company’s powers, has been duly authorized, does not conflict with any of the Company’s organizational
papers and is the legal, valid and binding obligation of the Company enforceable against it in accordance with its terms, and (b)
that the person or persons executing this Amendment on behalf of the Company are duly appointed officers or other representatives
of the Company with authority to execute and deliver this Amendment on behalf of the Company.

 

5.     Conditions.
This Amendment will be effective when each of the following conditions shall have been satisfied, as determined by the Holder in
its sole discretion and the Holder shall have accepted this Amendment (notice of which acceptance is hereby waived by the Company).

 

		a.	The Holder has received evidence that the execution, delivery and performance by the Company of
this Amendment and any instrument or agreement required under this Amendment have been duly authorized.

 

		b.	This Amendment has been executed by the Company and the Holder.

 

7.     Effect
of Amendment; References.

 

		a.	Except as expressly amended hereby, all of the terms and conditions of the May Note and the July
Note shall remain unchanged and in full force and effect and the Company hereby reaffirms its obligations under the May Note and
the July Note, as amended by this Amendment, without defense, right of set off or recoupment, claim or counterclaim of any kind
or nature (and to the extent there exists any such defense, right of set off or recoupment, claim or counterclaim on the date hereof,
the same is hereby forever released, discharged and waived by the Company). The Company hereby reaffirms as of the date hereof
its representations and warranties under each of the Transaction Documents.

 

		b.	This Amendment (i) is limited precisely as specified herein and does not constitute nor shall be
deemed to constitute a modification, acceptance or waiver of any other provision of the May Note and the July Note May Note and
the July Note, (ii) is not intended to be, nor shall it be construed to create, a novation or an accord and satisfaction of any
obligation or liability of the Company under the May Note or the July Note, and (iii) shall not prejudice or be deemed to prejudice
any rights or remedies the Holder may now have or may in the future have under or in connection with the May Note and the July
Note.

 

    	 	- 2 -	 

    	 

    

 

		c.	All references in any Transaction Document to any other Transaction Document amended hereby shall
be deemed to be a reference to such Transaction Document as amended by this Amendment.

 

8.            Miscellaneous.

 

		a.	This Amendment shall be governed by and construed in accordance with the laws of the state provided
in the May Agreement.

 

		b.	This Amendment may be executed in counterparts, each of which when so executed shall be deemed
an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed signature
page of this Amendment by facsimile or electronic transmission shall be effective as a delivery of a manually executed counterpart
thereof.

 

 

[Remainder of page intentionally blank.]

 

    	 	- 3 -	 

    	 

    

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed under seal and delivered by their respective duly authorized representatives
on the date first written above.

 

 

	 	DPW HOLDINGS, INC.	 
	 	 	 
	 	By: 	 	 
	 	 	Name: Milton C. Ault III	 
	 	 	Title: Chief Executive Officer	 
	 	 	 
	 	Facsimile No. for delivery of Notices:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	By: 	 	 
	 	 	Name: 	 
	 	 	Title: 	 
	 	 	 
	 	Facsimile No. for delivery of Notices:	 

  

    	 	- 4 -	 

    	 

    

  

Exhibit A 

 

Amortization Payment Schedule 

 

 

 

 

 

- 5 -

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