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MGT Capital Investments, Inc. – ‘10-K’ for 12/31/20 – ‘EX-10.5’

On:  Thursday, 4/15/21, at 4:51pm ET   ·   For:  12/31/20   ·   Accession #:  1493152-21-8913   ·   File #:  1-32698

Previous ‘10-K’:  ‘10-K’ on 3/30/20 for 12/31/19   ·   Next:  ‘10-K’ on 3/31/22 for 12/31/21   ·   Latest:  ‘10-K’ on 4/16/24 for 12/31/23   ·   13 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/15/21  MGT Capital Investments, Inc.     10-K       12/31/20   65:4.5M                                   M2 Compliance LLC/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    519K 
 2: EX-10.5     Material Contract                                   HTML     23K 
 3: EX-21.1     Subsidiaries List                                   HTML     18K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML     19K 
 5: EX-31       Certification -- §302 - SOA'02                      HTML     22K 
 6: EX-32       Certification -- §906 - SOA'02                      HTML     19K 
13: R1          Document and Entity Information                     HTML     55K 
14: R2          Consolidated Balance Sheets                         HTML     99K 
15: R3          Consolidated Balance Sheets (Parenthetical)         HTML     41K 
16: R4          Consolidated Statements of Operations               HTML     76K 
17: R5          Consolidated Statements of Changes in               HTML     86K 
                Stockholders' (Deficit) Equity                                   
18: R6          Consolidated Statements of Cash Flows               HTML    142K 
19: R7          Organization and Basis of Presentation              HTML     32K 
20: R8          Going Concern and Management's Plans                HTML     23K 
21: R9          Summary of Significant Accounting Policies          HTML     59K 
22: R10         Property, Plant, and Equipment and Other Assets     HTML     32K 
23: R11         Notes Payable                                       HTML     49K 
24: R12         Leases                                              HTML     26K 
25: R13         Common Stock and Preferred Stock                    HTML     42K 
26: R14         Stock-Based Compensation                            HTML     29K 
27: R15         Commitments and Contingencies                       HTML     42K 
28: R16         Income Taxes                                        HTML     37K 
29: R17         Employee Benefit Plans                              HTML     22K 
30: R18         Subsequent Events                                   HTML     23K 
31: R19         Summary of Significant Accounting Policies          HTML    102K 
                (Policies)                                                       
32: R20         Summary of Significant Accounting Policies          HTML     25K 
                (Tables)                                                         
33: R21         Property, Plant, and Equipment and Other Assets     HTML     31K 
                (Tables)                                                         
34: R22         Notes Payable (Tables)                              HTML     37K 
35: R23         Leases (Tables)                                     HTML     24K 
36: R24         Common Stock and Preferred Stock (Tables)           HTML     27K 
37: R25         Stock-Based Compensation (Tables)                   HTML     26K 
38: R26         Commitments and Contingencies (Tables)              HTML     24K 
39: R27         Income Taxes (Tables)                               HTML     33K 
40: R28         Going Concern and Management's Plans (Details       HTML     25K 
                Narrative)                                                       
41: R29         Summary of Significant Accounting Policies          HTML     47K 
                (Details Narrative)                                              
42: R30         Summary of Significant Accounting Policies -        HTML     32K 
                Schedule of Digital Currencies (Details)                         
43: R31         Property, Plant, and Equipment and Other Assets     HTML     40K 
                (Details Narrative)                                              
44: R32         Property, Plant, and Equipment and Other Assets -   HTML     36K 
                Schedule of Property and Equipment (Details)                     
45: R33         Property, Plant, and Equipment and Other Assets -   HTML     24K 
                Schedule of Other Assets (Details)                               
46: R34         Notes Payable (Details Narrative)                   HTML    189K 
47: R35         Notes Payable - Schedule of Derivative Liability    HTML     27K 
                Activity (Details)                                               
48: R36         Notes Payable - Schedule of Derivative Liability    HTML     24K 
                Fair Value (Details)                                             
49: R37         Notes Payable - Schedule of Notes Payable           HTML     25K 
                (Details)                                                        
50: R38         Leases (Details Narrative)                          HTML     38K 
51: R39         Leases - Schedule of Future Minimum Lease Payment   HTML     33K 
                (Details)                                                        
52: R40         Common Stock, Preferred Stock and Warrants          HTML    174K 
                (Details Narrative)                                              
53: R41         Common Stock, Preferred Stock and Warrants -        HTML     50K 
                Summary of Warrants Outstanding (Details)                        
54: R42         Stock-Based Compensation (Details Narrative)        HTML     38K 
55: R43         Stock-Based Compensation - Schedule of Restricted   HTML     32K 
                Common Stock Activity (Details)                                  
56: R44         Commitments and Contingencies (Details Narrative)   HTML     61K 
57: R45         Commitments and Contingencies - Schedule of         HTML     26K 
                Management Agreement Termination Liability                       
                (Details)                                                        
58: R46         Income Taxes (Details Narrative)                    HTML     28K 
59: R47         Income Taxes - Schedule of Components of Deferred   HTML     36K 
                Tax Assets (Details)                                             
60: R48         Income Taxes - Schedule of Effective Income Tax     HTML     36K 
                Rate Reconciliation (Details)                                    
61: R49         Employee Benefit Plans (Details Narrative)          HTML     23K 
62: R50         Subsequent Events (Details Narrative)               HTML     67K 
64: XML         IDEA XML File -- Filing Summary                      XML    112K 
63: EXCEL       IDEA Workbook of Financial Reports                  XLSX     92K 
 7: EX-101.INS  XBRL Instance -- mgti-20201231                       XML   1.02M 
 9: EX-101.CAL  XBRL Calculations -- mgti-20201231_cal               XML    162K 
10: EX-101.DEF  XBRL Definitions -- mgti-20201231_def                XML    553K 
11: EX-101.LAB  XBRL Labels -- mgti-20201231_lab                     XML   1.03M 
12: EX-101.PRE  XBRL Presentations -- mgti-20201231_pre              XML    753K 
 8: EX-101.SCH  XBRL Schema -- mgti-20201231                         XSD    164K 
65: ZIP         XBRL Zipped Folder -- 0001493152-21-008913-xbrl      Zip    133K 


‘EX-10.5’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Exhibit 10.5

 

AMENDMENT TO AMENDED AND RESTATED

EXECUTIVE EMPLOYMENT AGREEMENT

 

This AMENDMENT TO AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) dated November 11, 2020, is by and between MGT Capital Investments, Inc. (the “Company”), and Robert Ladd (the “Executive”).

 

WHEREAS, the Company and the Executive are parties to that certain Amended and Restated Executive Employment Agreement, dated April 1, 2018 (the “Executive Employment Agreement”); and

 

WHEREAS, the Company desires to continue to engage Executive to perform the services specified in the Executive Employment Agreement, under the same terms and conditions, except as expressly set forth below; and

 

WHEREAS, Executive is willing to continue to perform such services and to abide by the same terms and conditions of the Executive Employment Agreement, except as expressly set forth below; and

 

WHEREAS, the Company and the Executive desire to amend the Executive Employment Agreement as set forth below;

 

NOW, THEREFORE, in consideration of the foregoing and the mutual promises of the parties, and other good and valuable consideration, the undersigned agree as follows:

 

1. The Executive Employment Agreement shall be amended as follows:

 

The Effective Date shall be defined as November 1, 2020.

 

In Section 1.4 (a), Base Salary shall be changed to an annual rate of $240,000.

 

2. Except as herein provided, the terms of the Executive Employment Agreement shall remain in full force and effect. For the avoidance of doubt, upon execution of this Amendment, Executive is not entitled to receive an additional Share Grant pursuant to Section 1.4 (b).

 

3. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Executive Employment Agreement.

 

4. This Amendment may be executed in counterparts (including by facsimile or pdf signature pages or other means of electronic transmission) each of which shall be deemed an original but all of which together will constitute one and the same instrument.

 

5. Should any provision of this Amendment be declared illegal, invalid or unenforceable in any jurisdiction, then such provision shall be deemed to be severable from this Amendment as to such jurisdiction (but, to the extent permitted by law, not elsewhere) and in any event such illegality, invalidity or unenforceability shall not affect the remainder hereof.

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

EXECUTIVE   MGT CAPITAL INVESTMENTS, INC .
     
By: /s/ Robert Ladd   By: /s/ Michael Onghai
Robert Ladd   Name: Michael Onghai
                     Title: Director

 

 C: 
 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:4/15/21
For Period end:12/31/20NT 10-K
11/11/20
11/1/20
4/1/18
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/16/24  MGT Capital Investments, Inc.     10-K       12/31/23   67:6.1M                                   M2 Compliance LLC/FA
 3/31/23  MGT Capital Investments, Inc.     10-K       12/31/22   64:5.5M                                   M2 Compliance LLC/FA
 3/31/22  MGT Capital Investments, Inc.     10-K       12/31/21   67:6.3M                                   M2 Compliance LLC/FA
 8/04/21  MGT Capital Investments, Inc.     S-1/A                 78:6.6M                                   M2 Compliance LLC/FA
 7/29/21  MGT Capital Investments, Inc.     S-1                   80:6.7M                                   M2 Compliance LLC/FA


8 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/14/20  MGT Capital Investments, Inc.     8-K:1,2,9  12/08/20    3:276K                                   M2 Compliance LLC/FA
 3/30/20  MGT Capital Investments, Inc.     10-K       12/31/19   68:5.3M                                   M2 Compliance LLC/FA
 5/15/19  MGT Capital Investments, Inc.     8-K:1,5,8,9 5/10/19    4:297K                                   M2 Compliance LLC/FA
 4/18/19  MGT Capital Investments, Inc.     8-K:1,5,9   4/18/19    7:2.2M                                   M2 Compliance LLC/FA
 4/16/19  MGT Capital Investments, Inc.     10-K       12/31/18   76:6.3M                                   M2 Compliance LLC/FA
 1/14/19  MGT Capital Investments, Inc.     8-K:1,2,3,5 1/11/19    4:246K                                   M2 Compliance LLC/FA
 4/12/18  MGT Capital Investments, Inc.     8-K:5,9     4/06/18    2:136K                                   M2 Compliance LLC/FA
 1/30/14  MGT Capital Investments, Inc.     8-K:1,5,7,9 1/26/14    8:273K                                   Toppan Merrill/FA
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Filing Submission 0001493152-21-008913   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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