Document:

Exhibit 10.1

 

Amendment
No. 2 to Employment Agreement

 

This Amendment No.
2 to Employment Agreement (this “Amendment”) is entered into as of April 3, 2019, by and among B. Riley Financial,
Inc. (the “Company”) and Bryant R. Riley (the “Executive”). The above parties are
referred to collectively herein as the “Parties,” and individually as a “Party.”

 

RECITALS

 

WHEREAS, the Parties
have entered into an Employment Agreement dated January 1, 2018 and Amendment No. 1 thereto dated as of July 10, 2018 (the “Existing
Agreement”); and

 

WHEREAS, the Company
and the Executive desire to amend the Existing Agreement to revise certain terms contained therein relating to the Executive’s
ability to terminate the Existing Agreement for Good Reason due to a Change of Control (as such terms are defined in the Existing
Agreement).

 

AGREEMENT

 

NOW THEREFORE, each
of the Parties, in consideration of the mutual promises hereinafter set forth and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, does hereby agree as follows:

 

1.            Definitions. Each capitalized term not defined herein shall have the definition ascribed to it in the Existing Agreement.

 

2.            Amendment. The Existing Agreement shall be amended as follows:

 

(a)            By deleting the following proviso as set forth in Section 5(a):

 

“; provided
however, if such termination for Good Reason is due to a Change of Control, then the Executive may deliver such notice within 90
days following the Change of Control”

 

(b)           By deleting Section 5.3.4(v) in its entirety.

 

3.            Full Force and Effect. Except as specifically modified or amended by the terms of this Amendment, the Existing Agreement
and all provisions contained therein are, and shall continue, in full force and effect and are hereby ratified and confirmed.

 

4.            Miscellaneous Provisions.

 

(a)            Further Assurances. Each Party, at the reasonable request of the other Party, and without additional consideration,
shall, from time to time (i) execute and deliver, or shall cause to be executed and delivered, such further certificates, agreements
or instruments, and (ii) take such other action, as the other Party may reasonably request, to consummate or implement the amendment
contemplated by this Amendment.

 

     

     

    

 

(b)            Counterparts. This Amendment may be executed in any number of separate counterparts, each of which shall be deemed
to be an original and all of which together shall be deemed to be one and the same instrument.

 

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

 

	 	B.
Riley Financial, Inc.
	 	 	 
	 	By:  	/s/ Phillip J. Ahn
	 	 	Name: Phillip J. Ahn

        Title: CFO & COO

	 	 	 
	 	/s/ Bryant R. Riley 
	 	 	Bryant R. RileyExhibit 10.2

 

Amendment
No. 2 to Employment Agreement

 

This Amendment No.
2 to Employment Agreement (this “Amendment”) is entered into as of April 3, 2019, by and among B. Riley Financial,
Inc. (the “Company”) and Thomas Kelleher (the “Executive”). The above parties are
referred to collectively herein as the “Parties,” and individually as a “Party.”

 

RECITALS

 

WHEREAS, the Parties
have entered into an Employment Agreement dated January 1, 2018 and Amendment No. 1 thereto dated as of July 10, 2018 (the “Existing
Agreement”); and

 

WHEREAS, the Company
and the Executive desire to amend the Existing Agreement to revise certain terms contained therein relating to the Executive’s
ability to terminate the Existing Agreement for Good Reason due to a Change of Control (as such terms are defined in the Existing
Agreement).

 

AGREEMENT

 

NOW THEREFORE, each
of the Parties, in consideration of the mutual promises hereinafter set forth and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, does hereby agree as follows:

 

1.           
Definitions. Each capitalized term not defined herein shall have the definition ascribed to it in the Existing Agreement.

 

2.           
Amendment. The Existing Agreement shall be amended as follows:

 

		(a)	By deleting the following proviso as set forth in Section
5(a):

 

“; provided
however, if such termination for Good Reason is due to a Change of Control, then the Executive may deliver such notice within 90
days following the Change of Control”

 

		(b)	By deleting Section 5.3.4(v) in its entirety.

 

3.          
Full Force and Effect. Except as specifically modified or amended by the terms of this Amendment, the Existing Agreement
and all provisions contained therein are, and shall continue, in full force and effect and are hereby ratified and confirmed.

 

4.           
Miscellaneous Provisions.

 

(a)               
Further Assurances. Each Party, at the reasonable request of the other Party, and without additional consideration,
shall, from time to time (i) execute and deliver, or shall cause to be executed and delivered, such further certificates, agreements
or instruments, and (ii) take such other action, as the other Party may reasonably request, to consummate or implement the amendment
contemplated by this Amendment.

 

     

     

    

 

(b)              
Counterparts. This Amendment may be executed in any number of separate counterparts, each of which shall be deemed
to be an original and all of which together shall be deemed to be one and the same instrument.

 

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

 

	 	B.
Riley Financial, Inc.
	 	 	 
	 	By:  	/s/ Phillip J. Ahn
	 	 	Name: Phillip J. Ahn

        Title: CFO & COO

	 	 	 
	 	/s/ Thomas Kelleher
	 	 	Thomas KelleherExhibit 10.3

 

Amendment
No. 1 to Employment Agreement

 

This Amendment No.
1 to Employment Agreement (this “Amendment”) is entered into as of April 3, 2019, by and among B. Riley Financial,
Inc. (the “Company”) and Phillip J. Ahn (the “Executive”). The above parties are referred
to collectively herein as the “Parties,” and individually as a “Party.”

 

RECITALS

 

WHEREAS, the Parties
have entered into an Employment Agreement dated January 1, 2018 (the “Existing Agreement”); and

 

WHEREAS, the Company
and the Executive desire to amend the Existing Agreement to revise certain terms contained therein relating to the Executive’s
ability to terminate the Existing Agreement for Good Reason due to a Change of Control (as such terms are defined in the Existing
Agreement).

 

AGREEMENT

 

NOW THEREFORE, each
of the Parties, in consideration of the mutual promises hereinafter set forth and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, does hereby agree as follows:

 

1.           
Definitions. Each capitalized term not defined herein shall have the definition ascribed to it in the Existing Agreement.

 

2.           
Amendment. The Existing Agreement shall be amended as follows:

 

		(a)	By deleting the following proviso as set forth in Section
5(a):

 

“; provided
however, if such termination for Good Reason is due to a Change of Control, then the Executive may deliver such notice within 90
days following the Change of Control”

 

		(b)	By deleting Section 5.3.4(v) in its entirety.

 

3.          
Full Force and Effect. Except as specifically modified or amended by the terms of this Amendment, the Existing Agreement
and all provisions contained therein are, and shall continue, in full force and effect and are hereby ratified and confirmed.

 

4.           
Miscellaneous Provisions.

 

(a)               
Further Assurances. Each Party, at the reasonable request of the other Party, and without additional consideration,
shall, from time to time (i) execute and deliver, or shall cause to be executed and delivered, such further certificates, agreements
or instruments, and (ii) take such other action, as the other Party may reasonably request, to consummate or implement the amendment
contemplated by this Amendment.

 

     

     

    

 

(b)              
Counterparts. This Amendment may be executed in any number of separate counterparts, each of which shall be deemed
to be an original and all of which together shall be deemed to be one and the same instrument.

 

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

 

	 	B.
Riley Financial, Inc.
	 	 	 
	 	By:  	/s/ Tom Kelleher
	 	 	Name: Tom Kelleher

        Title: Co-CEO

	 	 	 
	 	/s/ Phillip J. Ahn
	 	 	Phillip J.AhnExhibit 10.4

 

Amendment
No. 1 to Employment Agreement

 

This Amendment No.
1 to Employment Agreement (this “Amendment”) is entered into as of April 3, 2019, by and among B. Riley Financial,
Inc. (the “Company”) and Alan N. Forman (the “Executive”). The above parties are referred
to collectively herein as the “Parties,” and individually as a “Party.”

 

RECITALS

 

WHEREAS, the Parties
have entered into an Employment Agreement dated January 1, 2018 (the “Existing Agreement”); and

 

WHEREAS, the Company
and the Executive desire to amend the Existing Agreement to revise certain terms contained therein relating to the Executive’s
ability to terminate the Existing Agreement for Good Reason due to a Change of Control (as such terms are defined in the Existing
Agreement).

 

AGREEMENT

 

NOW THEREFORE, each
of the Parties, in consideration of the mutual promises hereinafter set forth and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, does hereby agree as follows:

 

1.           Definitions.
Each capitalized term not defined herein shall have the definition ascribed to it in the Existing Agreement.

 

2.           Amendment.
The Existing Agreement shall be amended as follows:

 

		(a)	By deleting the following proviso as set forth in Section
5(a):

 

“; provided
however, if such termination for Good Reason is due to a Change of Control, then the Executive may deliver such notice within 90
days following the Change of Control”

 

		(b)	By deleting Section 5.3.4(v) in its entirety.

 

3.           Full
Force and Effect. Except as specifically modified or amended by the terms of this Amendment, the Existing Agreement and all
provisions contained therein are, and shall continue, in full force and effect and are hereby ratified and confirmed.

 

4.           Miscellaneous
Provisions.

 

(a)         Further
Assurances. Each Party, at the reasonable request of the other Party, and without additional consideration, shall, from time
to time (i) execute and deliver, or shall cause to be executed and delivered, such further certificates, agreements or instruments,
and (ii) take such other action, as the other Party may reasonably request, to consummate or implement the amendment contemplated
by this Amendment.

 

     

     

    

 

(b)       Counterparts.
This Amendment may be executed in any number of separate counterparts, each of which shall be deemed to be an original and all
of which together shall be deemed to be one and the same instrument.

 

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

 

	 	B. Riley Financial, Inc.
	 	 	 
	 	By:  	/s/ Phillip J. Ahn
	 	 	Name: Phillip J. Ahn

Title: CFO & COO

	 	 	 
	 	/s/ Alan N. Forman
	 	 	Alan N. Forman

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