Document:

Exhibit 10.6

 

 

 

September 22, 2015

 

Mr. Vin Costello

 

Via email to: [email address redacted]

 

Dear Vin:

 

We are pleased to offer you the position of
Chief Sales Officer with Numerex reporting to Marc Zionts, Chief Executive Officer.

 

We are eager to get you on board and would
like you to formally accept this offer by Monday, September 28th and start work at Numerex on or before Monday, October 12th. If
you plan on accepting this offer, please contact me to confirm your start date.

 

Shortly after you begin working, Marc will
establish specific short and longer-term goals with you. Aside from your specific job requirements, you will be expected to contribute
to our overall business and cultural growth by, among other things, helping colleagues achieve their goals and contributing to
the development of company-wide intellectual capital.

 

We have developed a competitive compensation
package commensurate with your extensive experience and abilities.

 

Base Pay

 

You will earn base pay at an annualized pre-tax
rate of $275,000 payable twice a month.

 

Sales Incentive Bonus

 

You will be eligible for a quarterly sales
bonus targeted at 100% of your quarterly base pay with the target being achieved if company-wide, solutions-related, revenue achieves
budgeted levels. The incentive will vary according to the following schedule:

 

	Company-wide,
    Solutions-

    related revenue against

    quarterly budgeted target.	 	Bonus
    as a % of

    Quarterly Base Pay *
	 	 	 
	Below 50% of target	 	0%
	 	 	 
	50-75% of target	 	25%
	 	 	 
	75.1-90% of target	 	50%
	 	 	 
	90.1%-97.5% of target	 	75%
	 	 	 
	97.6-100% of target	 	100%
	 	 	 
	100.1-119.9% of target	 	120%
	 	 	 
	120-130% of target	 	150% 
	 	 	 
	130.1-149.9% of target	 	175%
	 	 	 
	150% of target or more	 	200%

 

*Amounts are not prorated; thresholds must
be achieved.

 

3330 Cumberland Boulevard,
Suite 700 Atlanta, GA 30339 770.693.5950 ww.numerex.com

 

    	 	 	 

     

    

 

 

Mr. Vin Costello

September 22, 2015

Page 2 of 3

 

Non-Recoverable
Draw

 

You
will be provided with a non-recoverable draw of 50% of the targeted quarterly commission for Q4-2015 and Q1-2016. If actual payout
exceeds 50%, you will be the actual amount instead. If you depart Numerex in 12 months or less by your own choice, the 50% draw
will be recoverable (clawback) by the company.

 

Equity

 

Upon your hire, management will recommend to
the Compensation Committee of the Board of Directors that you be granted 56,000 stock options and 23,000 Restricted Share Units
under Numerex’s current standard vesting terms: 25%/year for four years. Vesting is accelerated upon the occurrence of a
Change-in-Control. At $9/share, this equity has an approximate present value of 150% of your base pay.

 

In addition, you will be eligible for annual
equity grants with a targeted present value equal to 50% of your base pay. These grants are usually made on or around our annual
shareholder’s meeting held in the spring.

 

No Equity is granted until approved by the
Compensation Committee.

 

Associate Benefits

 

You will be entitled to the benefits generally
provided to Numerex associates. Numerex currently offers medical, dental, vision, 401(k), paid-time-off and life insurance plans.

 

The 401(k) plan includes a company match of
50% of your pre-tax deferrals up to 6% of semi-monthly compensation (i.e., a 3% match) subject to Internal Revenue Code limitations
on contributions. Under the paid-time-off plan, you will accrue 15 days of vacation per year, have two elective holidays which
can be taken at any time, and be able to take up to seven paid days off in the event of illness. This is in addition to the standard
Company-wide holidays (e.g., Thanksgiving, Christmas).

 

SEVERANCE AND CHANGE IN CONTROL 

 

Management will recommend to the Compensation
Committee that Numerex enter into a severance and change in control agreement with you with the following key terms:

 

		·	Six months of base pay in the event you
are terminated by Numerex or any successor organization without Cause or resign for Good Reason. 

 

		·	All outstanding equity grants will be
vested in the event of a change-in-control.

 

SIGNING BONUS

 

You will receive a $60,000 bonus as part of
our normal payroll processing schedule after your start date.

 

    	 	 	 

     

    

  

Mr. Vin Costello

September 22, 2015

Page 3 of 3

 

If you voluntarily terminate your employment,
or are terminated for cause, within 18 months of your start date, you will be required to reimburse Numerex a pro-rated amount
of this signing bonus.

 

COMPANY POLICIES AND EMPLOYMENT REQUIREMENTS

 

By accepting employment with Numerex, we expect
that you will maintain all information about its operations, customers, and associates as confidential and, in the event that you
leave Numerex, refrain from competition with the firm.

 

As a condition of your employment, you are
required to sign the attached Business Protection Agreement. Employment is further contingent upon demonstrating you have the legal
right to work in the United States without sponsorship by Numerex, passing a drug test, and a satisfactory background and reference
check. The background check may include a review of your credit history.

 

If you accept this offer, please email a signed
copy of this offer letter and Business Protection Agreement to me at [email address redacted].

 

After we receive the signed offer letter and
Business Protection Agreement, you will receive an email from [vendor name redacted] the company Numerex uses to conduct the background
check and drug test, with information about completing them.

 

Unless formally accepted beforehand, this offer
will expire at the close of business on Monday, October 5th, 2015.

 

This letter covers all the principal aspects
of our offer and does not create a contract of employment or a contract for benefits. Your employment relationship with the Company
is at-will. At either your option or the Company's option, your employment may be terminated at any time, with or without cause
or notice. 

 

Vin, we are excited about the prospect of you
joining Numerex and helping us continue our growth; your experience, track record of success and integrity is a wonderful fit with
our culture.

 

Please feel free to contact me or Marc if you
have any questions or would like to discuss any aspect of this offer.

 

	 	 

 

Sincerely,

 

/s/
John Markson 

John
Markson

VP,
Human Resources

 

Accepted:

 

	SIGNATURE:	 	DATE:
	 	 	 
	/s/
    Vin Constello	 	September
    25, 2015
	Mr.
    Vin Costello	 	 
	 	 	 
	Cc:   Marc
    Zionts	 	 

 

[Standard
Business Protection Agreement redacted]Exhibit 4.1

 

ZQ|CERT#|COY|CLS|RGSTRY|ACCT#|TRANSTYPE|RUN#|TRANS#   . COMMON STOCK PAR VALUE $0.001 COMMON STOCK THIS CERTIFICATE IS TRANSFERABLE   IN CANTON, MA, JERSEY CITY, NJ AND COLLEGE STATION, TX Shares * * 000000 * *   * * * * * * * * * * * * * * * * * * * 000000 * * * * * * * * * * * * * * * *   * * * * * 000000 * * * * * * * * * * * * * * * * * * * * * 000000 * * * * * *   * * * * * * * * * * * * * * * 000000 * * * * * * * * * * * * * * Certificate   Number ZQ00000000 MATCH GROUP, INC. INCORPORATED UNDER THE LAWS OF THE STATE   OF DELAWARE ** Mr. Alexander David Sample **** Mr. Alexander David Sample   **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.   Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander   David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample   **** Mr. Alexander David THIS CERTIFIES THAT Sample **** Mr. Alexander David   Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample ****   Mr. Alexander David Sample **** Mr. Alexander Alexander David SamMple ***R*   Mr. A.lexaSnderADavidMSampPle ***L* MrE. Alexan&der DavMid SamRple **S**   Mr.. AleSxandeAr DaMvid SamPple *L*** MEr. Alex&ander David Sample ****   David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample   **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Mr.   Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander   David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample   Sample **** Mr. AlexandeMr DaviRd Sam.ple S**** MAr. AleMxandePr DavLid   SEample *&*** Mr. AMlexanRder DaSvid S.ampSle ***A* Mr.MAlexanPder   DLavidESample **** Mr. Alexander **** Mr. Alexander David Sample **** Mr.   Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander   David Sample **** Mr. Alexander David SEE REVERSE FOR CERTAIN DEFINITIONS   David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample   **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.   Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander   David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample   **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.   Alexander David Sample **** Mr. Alexander David Sample **** Mr. Sample **** Mr.   Sample is the owner of   **000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares***   *000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****   000000**Shar*es****0*000Z00**SEhareRs****00O0000**ShHares**U**0000N00**SDhares*R***000E000**DShares**T**000H000**SOhares*U***000S000**AShareNs****00D0000**Shares****0   00000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00   0000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000   000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0000   00**Shares****0Z0000E0**ShRares***O*000000*H*ShareUs****0N00000D**SharRes****0E0000D0**ShareAs****0N00000D**SharesZ****00E0000R**SharOes****0*000*00**Shares****00000   0**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000   **Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000*   *Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**   Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**S   FULLY-PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF Match Group, Inc.   (hereinafter called the “Company”), transferable on the books of the Company   in person or by duly authorized attorney, upon surrender of this Certificate   properly endorsed. This Certificate and the shares represented hereby, are   issued and shall be held subject to all of the provisions of the Amended and   Restated Certificate of Incorporation, and the Amended and Restated By-Laws,   of the Company (copies of which are on file with the Company and with the   Transfer Agent), to all of which each holder, by acceptance hereof, assents.   This Certificate is not valid unless countersigned and registered by the   Transfer Agent and Registrar. Witness the facsimile seal of the Company and   the facsimile signatures of its duly authorized officers. DATED DD-MMM-YYYY   COUNTERSIGNED AND REGISTERED: COMPUTERSHARE TRUST COMPANY, N.A. TRANSFER   AGENT AND REGISTRAR, Chief Financial Officer 2/12/2009 DELAWARE By Chairman   AUTHORIZED SIGNATURE CUSIP Holder ID Insurance Value Number of Shares DTC   Certificate Numbers 1234567890/1234567890 1234567890/1234567890   1234567890/1234567890 1234567890/1234567890 1234567890/1234567890   1234567890/1234567890 Total Transaction XXXXXX XX X XXXXXXXXXX 1,000,000.00   123456 12345678 123456789012345 PO BOX 43004, Providence, RI 02940-3004   Num/No. Denom. Total 1 2 3 4 5 6 7 1 2 3 4 5 6 1 2 3 4 5 6 MR A SAMPLE   DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 CUSIP 57665R 10 6 

    

 

. MATCH GROUP,   INC. THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO   REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING,   OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE COMPANY AND   THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND   RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED   FOR EACH SERIES, WHICH ARE FIXED BY THE AMENDED AND RESTATED CERTIFICATE OF   INCORPORATION OF THE COMPANY, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS   OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE   VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE   SECRETARY OF THE COMPANY OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY   REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL   REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER   AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON   ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. (Cust)   (Minor) (State) (Cust) and not as tenants in common (Minor) (State) PLEASE   INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE For value   received, hereby sell, assign and transfer unto (PLEASE PRINT OR TYPEWRITE   NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) Shares of the   capital stock represented by the within Certificate, and do hereby irrevocably   constitute and appoint Attorney to transfer the said stock on the books of   the within-named Company with full power of substitution in the premises.   Dated: 20 Signature: Signature: Notice: The signature to this assignment must   correspond with the name as written upon the face of the certificate, in   every particular, without alteration or enlargement, or any change whatever.   The IRS requires that we report the cost basis of certain shares acquired   after January 1, 2011. If your shares were covered by the legislation and you   have sold or transferred the shares and requested a specific cost basis   calculation method, we have processed as requested. If you did not specify a   cost basis calculation method, we have defaulted to the first in, first out   (FIFO) method. Please visit our website or consult your tax advisor if you   need additional information about cost basis. If you do not keep in contact   with us or do not have any activity in your account for the time periods   specified by state law, your property could become subject to state unclaimed   property laws and transferred to the appropriate state. Signature(s)   Guaranteed: Medallion Guarantee Stamp THE SIGNATURE(S) SHOULD BE GUARANTEED   BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan   Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE   GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15. The following   abbreviations, when used in the inscription on the face of this certificate,   shall be construed as though they were written out in full according to   applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN   ACT - ............................................Custodian   ................................................ TEN ENT - as tenants by the   entireties under Uniform Gifts to Minors   Act......................................................... JT TEN - as   joint tenants with right of survivorship UNIF TRF MIN ACT -   ............................................Custodian (until age ................................)   .............................under Uniform Transfers to Minors Act   ................... Additional abbreviations may also be used though not in   the above list.

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