Document:

Exhibit 10.1

 

AMENDMENT NO. 8 AGREEMENT

 

This Amendment No. 8 Agreement (this “Amendment”)
is dated as of November 16, 2018 by and between Dominion Capital LLC (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 originally due November 15, 2018 (the “May Note”), 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 and the Senior Secured Convertible Promissory Note dated September 2, 2018 (the “September Note”)
acquired pursuant to a Securities Purchase Agreement dated as of September 2, 2018, as such documents have been amended to date.

 

		B.	The Holder and the Company desire to further amend the May Note, the July Note, and the September
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, the July Note and
the September Note, as applicable, 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 Section 2(f), which currently provides (as modified by Amendment 7):

 

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.

 

And substituting in lieu thereof:

 

f)       Amortization.
Commencing on January 2, 2019 and continuing every month thereafter on the first Business Day of such month for a period of twelve
(12) months (each, an “Amortization Payment Date”), the Company shall redeem the principal amount of $309,192.71
plus accrued but unpaid interest of $41,924.43 for eleven (11) payments and the principal amount of $1,011,426.83 plus accrued
but unpaid interest of $41,924.43 for the twelve (12th) payment 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 or Bitcoin
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. The two payments that had been due and are currently in arrears
from September 30 and October 31, 2018 each in the amount of $309,192.71 principal and $41,924.43 interest shall be satisfied by
the issuance of 1,097,241 common shares per each payment due as requested by the Holder, provided, that there is an effective registration
statement covering such shares or an exemption from registration. Should the Holder not have requested these payments in the shares
noted herein by December 14, 2018, the Company shall remit USD via wire transfer in available funds $877,792.86 or Bitcoin of $965,572.15
by December 17, 2018 in full satisfaction of the two payments due in accordance to terms of the May Note.

 

(b)           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.       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.

 

    	 	  	 

     

    

 

4.       Conditions.
This Amendment will be effective when all 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.

 

		c.	The Company has filed with the SEC an amendment to the current registration statement on Form S-3
(File No. 333-226301) (the “Registration Statement”) to register the shares of Common Stock underlying the May
and July Notes and the 400,000 shares of Common Stock due to the Holder pursuant to Amendment No. 3 Agreement, dated July 2, 2018,
between the Company and the Holder. The Company expressly acknowledges that the 8,000,000 shares of Common Stock underlying the
May and July Notes and the 400,000 shares of Common Stock can be issued via DWAC without a restrictive legend once the Registration
Statement is declared effective and shall be eligible to trade on the NYSE American exchange. For the avoidance of doubt, if the
Company does not use its commercially reasonable best efforts to cause the Registration Statement to be declared effective before
November 30, 2018, then this condition 5(c) shall retroactively be determined not to have been met and this Amendment will be of
no further force and effect.

 

		d.	Issuer’s legal counsel shall promptly provide on November 15, 2018 at 9:30AM EST and thereafter
as requested by Holder opinion letters necessary to permit the issuance of and remove any restrictive legend on any common shares
to be issued upon the conversion of the May Note.

 

5.       Effect
of Amendment; References.

 

		a.	Except as expressly amended hereby, all of the terms and conditions of the May Note, the July Note
and the September Note shall remain unchanged and in full force and effect and the Company hereby reaffirms its obligations under
the May Note, the July Note and the September 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, the July Note and the September
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, the July Note and the September 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,
the July Note and the September Note.

 

		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, if and as applicable.

 

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.

 

		c.	The Company shall disclose this Amendment with the Commission by 9:30AM EST on November 16, 2018.

 

		d.	The Company shall reimburse the Holder for its costs in entering into this Amendment.

 

    	 	- 2 -	 

     

    

 

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:	/s/ Milton C. Ault, III	 
	 	 	Name: Milton C. Ault III
	 	 	Title: Chief Executive Officer
	 	 	 
	 	Facsimile No. for delivery of Notices:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	DOMINION CAPITAL, LLC
	 	 	 
	 	By:	/s/ Mikhail Gurevich	 
	 	 	Name: Mikhail Gurevich
	 	 	Title: Managing Member, Dominion Capital Holdings LLC as 
 Managing Member of Dominion Capital LLC

	 	 	 
	 	Facsimile No. for delivery of Notices:

 

    	 	- 3 -	 

     

    

 

Exhibit A 

 

Amortization Payment Schedule (Updated)

 

 

 

Interest & Fees New Date Payment Number Principal Amount Principal Payment
Total Payment Due Cash Total Due in Bitcoin Total Paid Payment 8/31/2018 $ 5,030,932.06 12/17/2018 As per Addendum 8 $ 618,385.42
F$ 259,407.44 $ 877,792.86 . ..$ 965,572.15 P ending 1/2/2019 1 $ 309,192.71 1 .$ 41,924.43 $ 351,117.14 $ 386,228.85 $0.00 2/1/2019
2 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85 $0.00 3/1/2019 3 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85 $0.00
4/1/2019 4 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85 $0.00 5/1/2019 5 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85
$0.00 6/3/2019 6 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85 $0.00 7/1/2019 7 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85
$0.00 8/1/2019 8 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85 $0.00 9/2/2019 9 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85
$0.00 10/1/2019 10 $ 309,192.71 $ 41,924.43 $ 351,117.14 $ 386,228.85 $0.00 11/1/2019 11 $ 309,192.71 $ 41,924.43 $ 351,117.14
$ 386,228.85 $0.00 12/31/20191 12 $ 1,011,426.83 $ 41,924.43 $ 1,053,351.26 $ 1,158,686.39 $0.00

 

 

- 4 -Exhibit 4.1

 

AMENDMENT

TO 

RIGHTS AGREEMENT

 OF

 LEGACY EDUCATION ALLIANCE, INC.

 A Nevada Corporation

 

This AMENDMENT TO RIGHTS AGREEMENT is
made and entered into as of November 12, 2018 (this “Amendment”), between Legacy Education Alliance, a Nevada
corporation (the “Company”), and Vstock Transfer, LLC, a California limited liability company (the “Rights
Agent”). The capitalized terms used and not otherwise defined herein have the respective meanings given to them in that
certain Rights Agreement, between the Company and the Rights Agent, dated as of February 16, 2017 (the “Rights
Agreement”).

 

RECITALS

 

WHEREAS,
the Board of Directors of the Company (the “Board of Directors”) has determined that it is in the best interests
of the Company and its stockholders to amend the Rights Agreement to extend the Final Expiration Date for the Rights;

 

WHEREAS,
pursuant to Section 26 of the Rights Agreement, for so long as the Rights are then redeemable, the Company and the Rights
Agent may, if the Board of Directors so directs, supplement or amend any provision of the Rights Agreement as the Board of Directors
may deem necessary or desirable without the approval of any holders of Rights; and

 

WHEREAS,
all acts necessary to make this Amendment a valid agreement, enforceable in accordance with its terms have been done and performed,
and the execution and delivery of this Amendment by the Company has been in all respects duly authorized by the Company.

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual agreements set forth in the Rights Agreement and in this Amendment
and for other good and valuable consideration, the parties hereto agree as follows:

 

1. Amendment
to Section 7.1(i). Clause (i) of Section 7.1 of the Rights Agreement is hereby amended and restated to read
as follows:

 

“(i)
the close of business on February 15, 2021 (the ‘Final Expiration Date’)”.

 

2. Right
Certificate. The form of Right Certificate attached to the Rights Agreement and all other related documents shall be modified,
where appropriate, to make reference to this Amendment and reflect the amendments contained herein.

 

3. Effectiveness.
This Amendment shall be deemed effective as of the date first written above, as if executed on such date. Except as expressly provided
herein, the Rights Agreement is not being amended, modified or supplemented in any respect, and it remains in full force and effect.

 

4. Miscellaneous.

 

(a)
Except as otherwise expressly provided, or unless the context otherwise requires, capitalized terms used in this Amendment shall
have the respective meanings assigned to them in the Rights Agreement.

 

(b)
This Amendment shall be deemed to be a contract made under the internal and substantive laws of the State of Nevada and for all
purposes shall be governed by and construed in accordance with the internal and substantive laws of such State applicable to contracts
made and performed entirely within such State, except as otherwise indicated in Section 32 of the Rights Agreement.

 

(c)
If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall
remain in full force and effect and shall in no way be affected, impaired or invalidated; provided, however, that nothing in this Section
4(c) will affect the ability of the Company under the provisions of Section 26 of the Rights Agreement to supplement
or amend this Amendment to replace such invalid, void or unenforceable term, provision, covenant or restriction with a legal, valid
and enforceable term, provision, covenant or restriction.

 

(d)
Descriptive headings of the several Sections of this Amendment are inserted for convenience only and will not control or affect
the meaning or construction of any of the provisions hereof.

 

(e)
This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Amendment
executed and/or transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

 

[Signature Page
Follows]

 

     

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as an instrument under seal and attested,
all as of the day and year first above written.

 

	 	LEGACY EDUCATION ALLIANCE, INC.
	 	 	 
	 	By:	/s/ James E. May    
	 	Name:	James E. May
	 	Title:	Sr. VP, General Counsel and Secretary  
	 	 	 
	 	VSTOCK TRANSFER, LLC as Rights Agent
	 	 	 
	 	By:	/s/ Yoel Goldfeder
	 	Name:	Yoel Golfeder
	 	Title:	CEO

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