SEC Contract Filing

Filing Date: 2015-10-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v421970_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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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-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This AMENDED AND
RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the &quot;Agreement&quot;) dated October 7, 2015 and effective October 1, 2015 (the
&ldquo;Effective Date&rdquo;), is by and between MGT Capital Investments, Inc., a company incorporated under the laws of
Delaware (the &quot;Company&quot;), and Robert B. Ladd, an individual (the &quot;Executive&quot;) with reference to the
following facts:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Executive currently serves as
the President and Chief Executive Officer of the Company pursuant to an employment agreement entered into on November 19, 2012
and amended January 28, 2014 (the &ldquo;Original Agreement&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The parties wish to amend and
restate the Original Agreement in its entirety as set forth herein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, in consideration
of the foregoing facts and mutual agreements set forth below, the parties, intending to be legally bound, agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment</U>.
The Company hereby agrees to employ Executive, and Executive hereby accepts such employment and agrees to perform Executive's duties
and responsibilities in accordance with the terms and conditions hereinafter set forth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties
and Responsibilities</U>. Executive shall serve as Chief Executive Officer and President. During the Employment Term, Executive
shall perform all duties and accept all responsibilities incident to such positions and other appropriate duties as may be assigned
to Executive by the Company's Board of Directors from time to time. Executive shall also serve as a director of the Company, and
as an officer of one or more of the Company's subsidiaries without any additional compensation. The Company shall retain full direction
and control of the manner, means and methods by which Executive performs the services for which he is employed hereunder and of
the place or places at which such services shall be rendered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Term</U>. The term of Executive's employment shall commence on the Effective Date and shall continue until November 30, 2016, unless
earlier terminated in accordance with Section 4 hereof. The term of Executive's employment shall be automatically renewed for successive
one (1) year periods until the Executive or the Company delivers to the other party a written notice of their intent not to renew
the &quot;Employment Term,&quot; such written notice to be delivered at least sixty (60) days prior to the expiration of the then-effective
&quot;Employment Term&quot; as that term is defined below. The period commencing as of the Effective Date and ending November 30,
2016 or such later date to which the term of Executive's employment under the Agreement shall have been extended is referred to
herein as the &quot;Employment Term&quot; and the end of the Employment Term is referred to herein as the &ldquo;Expiration Date.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Extent
of Service</U>. During the Employment Term, Executive agrees to use Executive's best efforts to carry out the duties and responsibilities
under Section 1.1 hereof and to devote all requisite Executive's business time, attention and energy thereto. Executive further
agrees not to work either on a part-time or independent contracting basis for any other business or enterprise during the Employment
Term without the prior written consent of the Company's Board of Directors, wh