SEC Contract Filing

Filing Date: 2019-05-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tv521899_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM OF FIRST AMENDMENT TO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WARRANT TO PURCHASE COMMON STOCK</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This FIRST AMENDMENT TO WARRANT TO PURCHASE
COMMON STOCK (this &ldquo;<I>Amendment</I>&rdquo;), dated as of May 16, 2019 (the &ldquo;<I>Effective Date</I>&rdquo;), is issued
by XPRESSPA GROUP, INC., a Delaware corporation (the &ldquo;<I>Company</I>&rdquo;), in favor of the holder (the &ldquo;<I>Holder</I>&rdquo;)
of the Warrant (as defined below). Capitalized terms used but not defined in this Amendment shall have the meanings that are set
forth in the Warrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>RECITALS</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Company issued a Class B Warrant
to Purchase Common Stock, dated as of May 17, 2018, which entitles the Holder to purchase shares of Common Stock of the Company
pursuant to the terms and conditions therein (as amended, modified, supplemented, or restated from time to time, the &ldquo;<I>Warrant</I>&rdquo;);
and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Board of Directors of the Company
has determined that it is in the best interests of the Company and its stockholders to extend the Expiration Date of the Warrant
on the terms set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>AMENDMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">1.<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendment to &ldquo;Expiration Date&rdquo;</U>. The definition of &ldquo;Expiration Date&rdquo; as found in Section 19(o)
of the Warrant is hereby amended and restated as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Expiration Date&rdquo; means June
17, 2019.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">2.<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendment to Section 2(a) of the Warrant</U>. Section 2(a) of the Warrant shall be amended and restated as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;(a) <U>Certain Anti-Dilution Adjustments</U>.
In addition to the reductions of the Exercise Price described in Section 2(b), if, at any time while this Note is outstanding,
the Company or any Subsidiary, as applicable, sells or grants any option to purchase or sells or grants any right to reprice, or
otherwise disposes of or issues (or announces any sale, grant or any option to purchase or other disposition), any Common Stock
or Common Stock Equivalents entitling any Person to acquire Common Stock at an effective price per share that is lower than the
then Exercise Price (such lower price, the &ldquo;Base Exercise Price&rdquo; and such issuances, collectively, a &ldquo;Dilutive
Issuance&rdquo;) (if the holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation
of purchase price adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants,
options or rights per share which are issued in connection with such issuance, be entitled to receive Common Stock at an effective
price per share that is lower than the Exercise Price, such issuance shall be deemed to have occurred for less than the Exercise
Price on such date of the Dilutive Issuance), then the Exercise Price shall be reduced to equal the Base Exercise Price, subject
to adjustment for reverse and forward stock splits and the like. Such adjustment shall be made</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">whenever such Common Stock or Common
Stock Equivalents are issued; provided, however, that notwiths