SEC Contract Filing

Filing Date: 2022-06-29

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>e22359_ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0 0 10pt"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.1&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right"><FONT STYLE="font-size: 10pt"><B><I>Execution Version</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>AMENDMENT
NO. 1 TO <FONT STYLE="text-transform: uppercase">Stockholders&rsquo; AGREEMENT</FONT></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
AMENDMENT NO. 1 (this &ldquo;<U>Amendment</U>&rdquo;), dated as of June 28, 2022, amends that certain Stockholders&rsquo; Agreement,
dated as of August 18, 2014 (the &ldquo;<U>Stockholders&rsquo; Agreement</U>&rdquo;), by and between SWK Holdings Corporation, a Delaware
corporation (the &ldquo;<U>Company</U>&rdquo;), Double Black Diamond Offshore Ltd. (&ldquo;<U>Double Black Diamond Offshore</U>&rdquo;),
and Black Diamond Offshore Ltd. (together with Double Black Diamond Offshore, the &ldquo;<U>Stockholder&rdquo;</U>). All capitalized
terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the Stockholders&rsquo; Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">W I T N E S S
E T H:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
the Company and the Stockholder each desires to amend the Stockholders&rsquo; Agreement; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
pursuant to Section 10.3 of the Stockholders&rsquo; Agreement, no amendment, modification or discharge of the Stockholders&rsquo; Agreement,
and no waiver thereunder, and no extension of time for the performance of any of the obligations thereunder, shall be valid or binding
unless set forth in writing and duly executed by (a) the Company where enforcement of the amendment, modification, discharge, waiver
or extension is sought against the Company or (b) the Stockholder where enforcement of the amendment, modification, discharge, waiver
or extension is sought against the Stockholder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW,
THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein, the parties hereto agree as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment of the Stockholders Agreement</U>.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-size: 10pt">(a)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">Section
 7.1(b) of the Stockholders&rsquo; Agreement is hereby amended and restated in its entirety
 as follows:</FONT></TD></TR><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1in 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">&ldquo;(b)
Until the Ownership Reduction Event:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-right: 1in"><FONT STYLE="font-size: 10pt">The
 Stockholder shall not, and shall cause each of its Affiliates not to, directly or indirectly,
 alone or in concert with any other Person, engage in a transaction as described in Rule 13e-3
 under the Exchange Act (a &ldquo;<U>Rule 13e-3 Transaction</U>&rdquo;) except in accordance
 with the provisions of Section 7.2;</FONT></TD></TR><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-right: 1in">&nbsp;</TD></TR>
 </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="font: 10pt