Second Amendment to Employment and Chairman Compensation Agreement between the Company and Seymour Holtzman

Exhibit 10.1

SECOND AMENDMENT TO EMPLOYMENT AND CHAIRMAN COMPENSATION AGREEMENT

This Second Amendment to Employment and Chairman Compensation Agreement ("Amendment") is made as of August 9, 2018 between DESTINATION XL GROUP, INC., a Delaware corporation with an office at 555 Turnpike Street, Canton, Massachusetts, 02021 (the "Company"), and SEYMOUR HOLTZMAN ("Mr. Holtzman") having an address at 306 Chilean, Palm Beach, FL ###-###-####.

WITNESSETH:

WHEREAS, the Company and Mr. Holtzman are parties to that certain Employment and Chairman Compensation Agreement dated as of August 7, 2014, which was amended effective as of May 25, 2017 (as amended, the "Agreement");

WHEREAS, concurrent herewith, the Company is giving Mr. Holtzman written notice of non-extension of the Agreement, meaning the Term will not extend beyond August 7, 2020; and

WHEREAS, the parties have agreed to adjust the compensation to be paid to Mr. Holtzman in his role as the Executive Chairman of the Company under the Agreement.

NOW, THEREFORE, in consideration of the promises and the mutual promises, representations and covenants herein contained, the parties hereto agree as follows:

1.Effective as of August 9, 2018, paragraph 4(a) of the Agreement is hereby deleted in its entirety and the following is hereby substituted in place thereof:

(a)During the Term, as compensation for the services to be rendered by Mr. Holtzman in his capacity as Chairman of the Board, with the title "Executive Chairman", the Company agrees to pay to Mr. Holtzman, and Mr. Holtzman agrees to accept, director compensation of One Hundred and Seventy-Six Thousand and 00/100 Dollars ($176,000.00), payable in equal monthly installments.

2.Except as otherwise modified hereby, the terms and conditions of the Agreement are hereby ratified, approved and confirmed as of the date hereof and shall remain in full force and effect.

3.This Amendment supersedes all prior communications between the parties hereto with respect to the subject matter hereof and shall be binding upon and inure to the benefit of the parties, their respective successors and assigns.

4.This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall constitute one agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment, under seal, as of the date and year first above written.

DESTINATION XL GROUP, INC.

By: /s/ Willem MesdagDate: September 4, 2018

Name: Willem Mesdag

Its: Chairman of the Compensation Committee

By: /s/ Seymour HoltzmanDate: August 31, 2018

Name: Seymour Holtzman