AMENDMENT to SECURITIES PURCHASE AGREEMENT

ParkerVision, Inc. (the “Company”) and each purchaser identified on the
signature pages hereto (each a “Purchaser” and collectively, the “Purchasers”)
entered into a Securities Purchase Agreement dated March [ ], 2020 (the
“Agreement”).

In accordance with Section 5.5 of the Agreement, the Agreement is hereby
modified by a majority of the Purchasers as follows:

The following defined terms are added to Section 2.1:

“Allocated Portion” means the Purchaser’s pro rata portion of the Maximum Share
of Proceeds calculated based on the Purchaser’s Subscription Amount proportion
to the Maximum Share of Proceeds.

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“Brickell Agreement” means the Claims Proceeds Investment Agreement, dated
February 25, 2016, as amended, between the Company and Brickell Key Investments
LP.

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“Company Proceeds” means the net monetary proceeds received by the Company from
any Patent Asset Proceeds after payment of (i) contingent and/or other fees and
expenses payable to law firms representing the Company and/or (ii) minimum
returns payable under the Brickell Agreement.

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“Maximum Share of Proceeds” means an amount equal to Ten Million Dollars
($10,000,000).

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“Patent Asset Proceeds” means any and all monetary recoveries paid by a
defendant or a third-party to the Company or an attorney on behalf of the
Company, as a result of, or in connection with, the Company’s patent assets. 

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Section 4.3 is added in its entirety as follows:

4.3   Contingent Payments. The Company will pay to each Purchaser, its Allocated
Portion, until the aggregate of all such Allocated Portions (or a portion
thereof) equals an amount equal to the Purchaser’s Subscription Amount. The
Allocated Portion will be paid by the Company within thirty (30) business days
following receipt by the Company of Company Proceeds by wire transfer of
immediately available funds to an account specified by the Purchaser in writing
to the Company.

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Unless modified herein, all other terms of the Agreement shall remain in full
force and effect.

This Amendment to the Agreement is effective as of May 1, 2020.

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[SIGNATURE PAGES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the
Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

PARKERVISION, INC.

 

 

 

By:__________________________________________

Name:Cynthia Poehlman

Title:Chief Financial Officer

 

 

Address for Notice:

9446 Philips Highway

Suite 5A

Jacksonville,  FL    32256

Fax: (904) 732-6100

With a copy to (which shall not constitute notice):

Graubard Miller

The Chrysler Building

405 Lexington Avenue, 11th Floor

New York,  NY    10174

Attention: David Alan Miller, Esq.

Fax: (212) 818-8881

 

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[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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[PURCHASER SIGNATURE PAGES FOLLOW]

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[PURCHASER SIGNATURE PAGE]

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IN WITNESS WHEREOF, the undersigned have caused this Amendment to the Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

Name of Purchaser: ________________________

Shares____________Percent of Purchasers Represented_____________

Maximum Contingent Payment____________________

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Signature of Purchaser:  

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