SEC Contract Filing

Filing Date: 2024-05-20

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
<B>AMENDED AND RESTATED ChEF PURCHASE AGREEMENT</B> is made and entered into as of May 20, 2024 (together with Annex I, this &ldquo;<B><I>Agreement</I></B>&rdquo;),
by and between Chardan Capital Markets LLC, a New York limited liability company (the &ldquo;<B><I>Investor</I></B>&rdquo;), and Dragonfly
Energy Holdings Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;).</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
on October 7, 2022, the Company and the Investor entered into that certain ChEF Purchase Agreement (the &ldquo;<B><I>Original Agreement</I></B>&rdquo;),
pursuant to which, among other things, the Company may issue and sell to the Investor, from time to time as provided herein, and the
Investor shall purchase from the Company, up to the lesser of (i) $150,000,000 (the &ldquo;<B><I>Total Commitment</I></B>&rdquo;) in
aggregate gross purchase price of newly issued shares of the Company&rsquo;s common stock, par value $0.0001 per share (the &ldquo;<B><I>Common
Stock</I></B>&rdquo;), and (ii) the Exchange Cap (to the extent applicable under <U>Section 3.3</U>);</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
such sales of Common Stock by the Company to the Investor will be made in reliance upon the provisions of Section 4(a)(2) of the Securities
Act (&ldquo;<B><I>Section 4(a)(2)</I></B>&rdquo;), Rule 506(b) of Regulation D promulgated by the Commission under the Securities Act
(&ldquo;<B><I>Regulation D</I></B>&rdquo;), and/or upon such other exemption from the registration requirements of the Securities Act
as may be available with respect to any or all of the issuances and sales of Common Stock by the Company to the Investor to be made hereunder;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS,
</B>the parties hereto, concurrently with the Original Agreement, entered into a Registration Rights Agreement in the form attached as
<U>Exhibit A</U> hereto (as amended, supplanted, amended and restated or otherwise modified from time to time, together with its exhibits,
the &ldquo;<B><I>Registration Rights Agreement</I></B>&rdquo;), pursuant to which the Company registered the resale of the Registrable
Securities (as defined in the Registration Rights Agreement), upon the terms and subject to the conditions set forth therein;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
in consideration for the Investor&rsquo;s execution and delivery of the Original Agreement, the Company agreed to pay to the Investor
the Commitment Fee; and</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
t