SEC Contract Filing

Filing Date: 2017-10-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k102017ex10-1_legacyedu.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT DATED OCTOBER 18, 2017 BY AND BETWEEN LEGACY EDUCATION ALLIANCE, INC. AND IAIN EDWARDS
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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: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B></B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THIS EXECUTIVE EMPLOYMENT AGREEMENT</B>
(this &ldquo;Agreement&rdquo;), dated as of _______________, 2017, (the &ldquo;Effective Date&rdquo;) is made and entered by and
between <B>Legacy Education Alliance, Inc.</B>, a Nevada corporation (the &ldquo;<B>Company</B>&rdquo;), and <B>Iain Edwards </B>(the
&ldquo;<B>Executive</B>&rdquo;).</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B> Executive
was first engaged by the Company commencing October 1, 2002 (the &ldquo;Start Date&rdquo;); and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Executive is currently employed as the Company&rsquo;s Chief Operating Officer and is expected to make major contributions to the
short- and long-term profitability, growth and financial strength of the Company;</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"><B>WHEREAS</B>, the
Company has determined that appropriate arrangements should be taken to encourage the continued attention and dedication of the
Executive to his assigned duties without distraction; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in
consideration of the Executive&rsquo;s employment with the Company, the Company desires to provide the Executive with certain compensation
and benefits as set forth in this Agreement in order to ameliorate the financial and career impact on the Executive in the event
the Executive&rsquo;s employment with the Company is terminated for a reason related to, or unrelated to, a Change in Control (as
defined below) of the Company.</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"><B>NOW, THEREFORE</B>,
in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be legally bound
hereby, the Company and the Executive agree as follows:</P>

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<TD STYLE="width: 0.5in; text-align: left"><B>1.</B></TD><TD><B>DEFINITIONS</B>. The definitions set out in Schedule
1 apply to this Agreement and its Schedules.</TD>
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<TD STYLE="width: 0.5in; text-align: left"><B>2.</B></TD><TD><FONT STYLE="text-transform: uppercase"><B>Employment</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif">2.1</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">The Company agrees to employ the Executive and the Executive agrees to be employed by the Company
on the terms of this Agreement, with effect from the Effective Date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45.35pt; text-align: justify; text-indent: -45.35pt">&nbsp;</P>

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