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Re: None

Wednesday, 04/18/2018 11:02:42 AM

Wednesday, April 18, 2018 11:02:42 AM

Post# of 6557
Based upon the timing, I have a strong sense that DPW's auditors "forced the issue" related to Independent Consultant Milton Charles Todd Ault III's compensation disclosure, which was filed last Friday, April 13, when it was supposedly "effective" 6 months ago on November 15, 2017. Did the auditors threaten DPW before signing off on yesterday's 10-K? Without the auditors, IMO, there is a very good chance the investors would have never been made aware of Ault's status and compensation details!

On April 13, 2018, DPW Holdings, Inc., a Delaware corporation (the “Company”) and Milton C. Ault, III, the Company’s Chief Executive Officer, entered into an Amended and Restated Independent Contractor Agreement (the “Agreement”) pursuant to which the parties thereto agreed to amend and restate that certain Independent Contractor Agreement dated September 22, 2016, by and between the Company and Mr. Ault. In accordance with the terms set forth in the Agreement, Mr. Ault shall continue to serve as the Company’s Chief Executive Officer and Chairman of the Board of Directors in consideration of a monthly fee of $33,333.00, effective November 15, 2017


Where can we find a copy of the original Independent Contractor Agreement, which was purportedly executed on September 22, 2016? Why was the current Agreement deemed effective November 15, 2017, when Ault didn't assume the role of CEO until December 29, 2017?