Document:

SEPARATION AGREEMENT AND
GENERAL RELEASE 

This Separation Agreement
and General Release (the “Agreement”) is made as of
the Effective Date (defined below) between CalAmp Corp. (on behalf of itself,
its subsidiaries and other corporate affiliates and each of their respective
employees, officers, directors, owners, shareholders and agents referred to
throughout this Agreement as the “Employer” or the
“Company”), and Rick Vitelle, (referred to throughout this
Agreement as “Executive”), and is presented to Executive this 12th day of July, 2017. Employer
and Executive are sometimes referred to together in this Agreement as the
“Parties” and each individually as a “Party”). 

I. BACKGROUND AND PURPOSE
(“Background”) 

A. Executive is employed by the Company as Executive
Vice President, Chief Financial Officer and Secretary pursuant to that certain
employment agreement entered into on May 31, 2002, and as amended by Amendment 1
on December 19, 2008, Amendment 2 on June 12, 2013, Amendment 3 on May 30, 2014,
and Amendment 4 on May 30, 2016 (collectively, the “Employment Agreement”). 

B. This Agreement supersedes in entirety the
Employment Agreement and the Employment Agreement will be nugatory and of no
legal effect as of the Effective Date;

C. On December 21, 2016, the Company publicly
announced the Executive’s planned retirement. 

D. On July 17, 2017 Executive’s successor, Kurtis
Binder, will become the Company’s Executive Vice President and Chief Financial
Officer, having been duly appointed by the Company’s Board of Directors (the
“Board”). 

E. By 8:00 a.m. on Monday, July 17, 2017, Executive
will submit his letter of resignation to the Board, substantially in the form as
set forth as Enclosure
A to this Agreement, with his
resignation taking effect on July 17, 2017. 

F. Under the terms and conditions of this Agreement,
and any Company employment policies and procedures, Executive will continue his
employment with the Company as an Executive Vice President through Wednesday,
August 1, 2018 (the “Termination
Date”). 

G. From July 17, 2017, through the Termination Date,
Executive will report directly to, and work closely with Mr. Binder on an
interim basis, to ensure a seamless transition of the Chief Financial Officer
role. Executive’s duties and functions will be as determined by Mr. Binder.

H. The consideration set forth in paragraphs I.1.,
I.2., and I.4. and paragraph J.1. are referred to as the “Separation Consideration.”

I. From July 17, 2017, through the Termination Date:

1. Executive’s annual base salary of $350,000 and
benefits will continue as currently provided; 

2. Executive’s unvested equity awards will continue
to vest in accordance with the terms and conditions of applicable agreements and
plans;

3. Executive will not receive an equity grant at the
July 28, 2017 Board/Compensation Committee meetings; and

4. Executive will be eligible for any bonus earned
under the fiscal 2018 short term incentive plan approved by the Compensation
Committee in April 2017, to be paid when all other bonuses are processed.

Page 1 of 9 

J. As of the Termination Date: 

1. The Company will accelerate one hundred percent
(100%) of Executive’s unvested equity awards (restricted stock and stock
options); 

2. Executive will receive no further cash payments;
and 

3. Executive will become eligible for continued
benefits under COBRA. Executive will be responsible for any and all COBRA
payments from September 1, 2018 and beyond. 

K. “Change of Control” shall
mean the consummation of the first to occur of: (1) the sale, lease or other
transfer of all or substantially all of the assets of the Company to any person
or group (as such term is used in Section 13(d)(3) of the Securities Exchange
Act of 1934, as amended); (2) the adoption by the stockholders of the Company of
a plan relating to the liquidation or dissolution of the Company; (3) the merger
or consolidation of the Company with or into another entity or the merger of
another entity into the Company or any subsidiary thereof with the effect that
immediately after such transaction the stockholders of the Company immediately
prior to such transaction hold less than fifty percent (50%) of the total voting
power of all securities generally entitled to vote in the election of directors,
managers or trustees of the entity surviving such merger of consolidation; or
(4) the acquisition by any person or group of more than fifty percent (50%) of
the voting power of all securities of the Company generally entitled to vote in
the election of directors of the Company. If, prior to the Termination Date
(August 1, 2018) the Company terminates Executive’s employment due to a Change
of Control (“C-of-C
Termination”), then (i) one
hundred percent (100%) of Executive’s then unvested equity awards granted under
the Company’s stock incentive plans shall become vested and, with respect to any
options that are exercisable or become exercisable, such options shall remain
exercisable for twelve (12) months following the C-of-C Termination, subject to
such longer period as may be provided by the Company’s 2004 Incentive Stock
Plan, (ii) the Executive shall be entitled to an amount equal to his annual base
salary, less standard withholdings for tax and social security purposes, pro
rated for the period from the C-of-C termination date until August 1, 2018,
payable in a lump sum, (iii) the Executive shall be entitled to an amount equal
to a pro rata portion of his target bonus under the Company’s
annual incentive plan based on the number of days worked in fiscal year 2018,
and (iv) the Company will pay the Executive’s premiums for continued coverage in
the Company’s health and welfare plans under the continuation coverage
provisions of COBRA until August 1, 2018 (or the cash equivalent of such
amount). 

L. Executive freely and knowingly, and after due
thought and deliberation, enters into this Agreement intending to waive, settle,
and forever release any and all claims that he has, or might ever have, against
Employer.

II. AGREEMENT

In consideration of the
Background above, which is an integral part of this Agreement, and for the
Separation Consideration described above, which the Parties acknowledge as
sufficient, and intending to be legally bound by this Agreement, the Executive
and the Employer agree as follows: 

1. Effective
Date. This Agreement will become
effective on the eighth (8th) calendar day after the Executive signs
and delivers this Agreement to the Employer (the “Effective Date”), provided that the Executive does not revoke
this Agreement before that date in accordance with paragraph 8 below; and,
provided that the Executive signs this Agreement on or before August 2, 2017
(which is twenty-one (21) calendar days following the date that this Agreement
was presented to Executive). 

2. Payment of Accrued
Obligations and Separation Consideration.

2.1 Executive acknowledges that as of the Termination
Date, the Company will have paid Executive his final salary together with all
payments for any accrued and unused vacation through the Termination Date (the
“Accrued
Obligations”). Executive also
acknowledges and agrees that, other than base salary and benefits that he will
earn and be eligible to receive through the Termination Date, as well as payment
for the Accrued Obligations, he has received all amounts owed for his regular
and usual salary, usual benefits, and other
wages or compensation earned through the Termination Date. Except as required
under applicable law, all benefits will cease as of the Termination Date and
Executive will not be entitled to receive any further wages, salary,
bonuses/commissions, vacation, or other forms of paid time off, benefits, or any
other form of compensation following the Termination Date, except as set forth
in paragraph 2.2 below. 

Page 2 of 9 

2.2 In exchange for signing this Agreement and
Executive’s compliance with the promises made and obligations that he has
undertaken in this Agreement, Employer agrees to provide the Separation
Consideration. 

2.3 Executive understands and agrees that he would not
be entitled to the Separation Consideration without his signing, and not
revoking, this Agreement and fulfilling the promises he made in this Agreement.

3. General Release of
Claims. Executive, for himself,
his spouse, descendants, dependents, heirs, executors, administrators,
conservators, successors, and assigns (collectively referred to as
“Releasing Parties”) knowingly, voluntarily, and irrevocably
releases and forever absolves and discharges, to the fullest extent permitted by
law, Employer and any of its current, former, or future parents, affiliates,
subsidiaries, divisions, or related entities, and any of their respective past,
present, or future Executives, officers, directors, stockholders, shareholders,
members, owners, attorneys, agents, insurers, representatives, trustees, or
administrators, predecessors, successors, and assigns, (collectively referred to
as “Released
Parties”), of and from any and
all claims, demands, liens, agreements, contracts, agreements, covenants,
actions, suits, causes of action, wages, obligations, debts, expenses,
attorneys’ fees, damages, judgments, orders and liabilities of whatever kind or
nature in law, equity, or otherwise, whether now known or unknown, asserted or
unasserted, suspected or unsuspected, and whether or not concealed or hidden,
which Executive now owns or holds or has at any time before owned or held as
against any Released Parties based on actions or events that occurred prior to
the Effective Date of this Agreement (collectively the “Claims”) including, without any limitation:

3.1. any and all Claims for violation of any federal,
state, local, or municipal law, regulation, ordinance, constitution, or common
law relating to employment, conditions of employment (including wage and hour
laws), compensation and employment discrimination, including, but not limited
to, Title VII of the Civil Rights Act of 1964; The Civil Rights Act of 1991; The
Executive Retirement Income Security Act of 1974; The Americans With
Disabilities Act of 1990; The Age Discrimination in Employment Act of 1967; the
Older Worker Benefit Protection Act; The Workers Adjustment and Retraining
Notification Act; The Occupational Safety and Health Act; The Fair Labor
Standards Act; The Family and Medical Leave Act; The California Family Rights
Act, as amended; The California Fair Employment and Housing Act; The California
Business and Professions Code, and the California Labor Code, including all
amendments to each such law, regulation, ordinance, constitution, or common law;

3.2. any and all Claims relating to or arising from
Executive’s employment relationship with the Employer and the termination of
that relationship; 

3.3. any and all Claims for wrongful discharge of
employment; termination in violation of public policy; discrimination;
harassment; retaliation; breach of contract, both express and implied; breach of
a covenant of good faith and fair dealing, both express and implied; promissory
estoppel; negligent or intentional infliction of emotional distress; negligent
or intentional misrepresentation; negligent or intentional interference with
contract or prospective economic advantage; unfair business practices;
defamation; libel; slander; negligence; personal injury; physical injury;
assault; battery; invasion of privacy; false imprisonment; and conversion;

3.4. any and all Claims for attorneys’ fees, costs and
penalties. 

Page 3 of 9 

4. Protected Rights of
Executive. Nothing in this
Agreement (including the general release of Claims in paragraph 3 above, the
confidentiality obligations in paragraph 11 below, and non-disparagement
obligations in paragraph 6 below) prohibits Executive from filing a charge with
any governmental agency or participating in any governmental investigation,
including filing charges with or participating in investigations
by the National Labor
Relations Board or the Equal Employment Opportunity Commission, and Executive
retains the right to engage in concerted activity protected by Section 7 of the
National Labor Relations Act (the “Protected
Rights”). Despite Executive’s
Protected Rights, Executive specifically waives his right to recover any
monetary damages or any individual relief in connection with any charge made by
Executive. Also, Executive does not release Claims with respect to: (a)
indemnification pursuant to applicable law; (b) Claims for any benefits that are
vested as of the Executive’s termination date under the Employer’s health and
welfare plans or 401(k) plan; (c) underlying workers’ compensation benefits, or
(d) Claims arising out of this Agreement.

5. Promise Not To
Sue. Executive, for himself and
the other Releasing Parties, promises not to sue or initiate against Employer or
any Released Party any mediation, arbitration, or judicial proceeding, or to
participate in same, individually or as a member of a class, in which Executive,
any other Releasing Party, or any representative of Executive or any other
Releasing Party asserts against Employer or any other Released Party any Claim
based on alleged breach of contract, tort, or violation of any law or
regulation, whether federal, state, or local, pertaining in any manner to
Executive’s employment by Employer or the termination of the employment
relationship. 

6. Non-Disparagement of
Employer. As of the Termination
Date, the Executive will not represent himself as being an Executive, officer,
or representative of the Employer for any purpose whatsoever. Subject to
Executive’s Protected Rights, Executive, on behalf of himself and the other
Releasing Parties, agrees and promises and covenants that he will not at any
time, directly or indirectly, make, ratify, infer, or criticize by means of any
disparaging, uncomplimentary, critical, or negative remarks, comments, or
statements, public or private, oral or written, concerning the Employer or its
businesses, products, services, or any of its Executives, officers, or
directors, or existing and prospective customers, suppliers, or any other
associated third parties.

7. Waiver of California
Civil Code Section 1542. To give
the full and complete general release as described in paragraph 3 above,
Executive expressly waives and relinquishes all rights and benefits of Section
1542 of the Civil Code of the State of California, or any other similar,
comparable, or equivalent law in any state or jurisdiction, and Executive does
so understanding and acknowledging the significance and consequence of
specifically waiving Section 1542. Section 1542 of the Civil Code of the State
of California states as follows: 

“A general release does
not extend to claims which the creditor does not know or suspect to exist in his
or her favor at the time of executing the release, which if known by him or her
must have materially affected his or her settlement with the debtor.”

So, notwithstanding the
provisions of Section 1542, and to implement a full and complete release and
discharge of the Released Parties, Executive expressly acknowledges that this
Agreement is intended to include in its effect, without limitation, all claims
Executive does not know or suspect to exist in his favor at the time of signing
this Agreement, and that this Agreement contemplates the extinguishment of any
such claim. Executive represents and warrants that Executive has read this
Agreement, including this waiver of California Civil Code Section 1542, and that
he has consulted with an attorney about this Agreement, and specifically about
the waiver of Section 1542, or has freely chosen to not consult with an
attorney, and that Executive understands this Agreement and the Section 1542
waiver, and so Executive freely and knowingly enters into this Agreement.
Executive acknowledges that he may later discover facts different from or in
addition to those Executive now knows or believes to be true regarding the
matters released or described in this Agreement, and even so, Executive agrees
that the releases and agreements contained in this Agreement will remain
effective in all respects notwithstanding any later discovery of any different
or additional facts. Executive assumes any and all risk of any mistake in
connection with the true facts involved in the matters, disputes, or
controversies released or described in this Agreement or with regard to any
facts now unknown to Executive.

Page 4 of 9 

8. ADEA
Waiver. In exchange for material
portions of the additional pay and benefits provided by the Separation
Consideration under this Agreement and, in accordance with the Older Workers
Benefit Protection Act, Executive expressly acknowledges and agrees that, by
entering into this Agreement, he is knowingly and voluntarily waiving any and
all rights and releasing all Claims and claims, known or unknown, arising under the Age Discrimination in Employment
Act of 1967, as amended (the “ADEA”), that he may have
otherwise had against the Employer or any Released Party up to the Effective
Date of this Agreement. Executive also expressly acknowledges and agrees that:

8.1 in return for this Agreement, Executive will
receive consideration, that is, something of value, beyond that to which he was
already entitled, before entering into this Agreement; 

8.2 Executive is advised to consult with an attorney
before signing this Agreement; 

8.3 Executive is informed that he has twenty-one (21)
calendar days from the date that this Agreement was presented to him, to
consider whether to sign and accept the terms of this Agreement and that, if he
signs this Agreement prior to the twenty-one (21)-day period, he will have done
so voluntarily and with full knowledge that he is waiving his right to have
twenty-one (21) days to consider this Agreement. Executive agrees that any
modifications, material or otherwise, made to this Agreement will not restart or
affect in any manner the original twenty-one (21) calendar day consideration
period. 

8.4 Nothing in this Agreement prevents Executive from
challenging or seeking a determination in good faith of the validity of this
waiver under the ADEA, nor does it impose any condition precedent, penalties or
costs from doing so, unless specifically authorized by federal law.

8.5 Executive is informed that he has seven (7) days
following the date that he signs this Agreement during which he may revoke it.
This Agreement will become null and void if Executive elects revocation during
that time. In the event that Executive fails to so notify the Employer, he will
be deemed to have waived his right of revocation. If Executive exercises his
right of revocation, neither the Employer nor Executive will have any
obligations under this Agreement. Any revocation within this period must be
submitted, in writing, to CalAmp and state, “I hereby revoke my acceptance of the Separation
Agreement and General Release.”
This revocation must be personally delivered to Monica Van Berkel, or mailed to
CalAmp, ATTN: Monica Van Berkel, Senior Vice President of Human Resources, 15635
Alton Parkway, Suite 250, Irvine, California 92618, and postmarked within seven
(7) calendar days of execution of this Agreement. This Agreement will not become
effective or enforceable until the revocation period has expired. If the last
day of the revocation period is a Saturday, Sunday, or legal holiday in the
state in which Executive was employed at the time of his last day of employment,
then the revocation period will not expire until the next following day which is
not a Saturday, Sunday, or legal holiday.

9. Health and Welfare
Benefits. Except as set forth in
paragraph I.1. above, Executive understands and agrees that his right to
benefits under the Employer’s health and welfare benefit program, if any, will
be limited to those set forth in the Consolidated Omnibus Budget Reconciliation
Act of 1986 (“COBRA”) or the Health
Insurance Marketplace under the Affordable Care Act.

10. Return of Company
Property. Executive acknowledges
that as of the Termination Date, he has returned to Employer all Employer
information and property including and without limitation the following:
computers, cell phones, other electronic devices, reports, data, plans,
projects, files, charts, and records, memoranda, records software; credit cards,
cardkey passes; door and file keys; safe combinations; computer access codes;
disks and instructional or personnel manuals; and other physical or personal
property which Executive received or prepared or helped to prepare in connection
with his employment with Employer. Executive represents and agrees that he has
not retained and will not retain any copies, duplicates, reproductions, or
excerpts.

11.
Confidentiality. Executive
acknowledges that by virtue of his executive position with the Company, he has
been given access to confidential information, intellectual property, trade
secrets, customers, respecting the Company’s affairs (“Confidential Information”). In particular, he has received, or otherwise
been privy to highly sensitive Confidential Information, including but not
limited to, the Company’s strategic, business, and marketing plans and
strategies. Executive further acknowledges that he has complied with, and will
continue to comply with, his continuing obligations under that certain
Confidentiality, Inventions, and
Non-Solicitation Agreement (the “Confidentiality Agreement”), that survives the termination of his
employment, and is hereby incorporated into this Agreement as if set forth
verbatim.

Page 5 of 9 

12. Section
409A.This Agreement is intended
to comply with Section 409A of the Internal Revenue Code of 1986, as amended
(“Section 409A”) or an exemption thereunder and shall be
construed and administered in accordance with Section 409A. Notwithstanding any
other provision of this Agreement, payments provided under this Agreement may
only be made upon an event and in a manner that complies with Section 409A or an
applicable exemption. Any payments under this Agreement that may be excluded
from Section 409A either as separation pay due to an involuntary separation from
service or as a short-term deferral shall be excluded from Section 409A to the
maximum extent possible. For purposes of Section 409A, any installment payment
provided under this Agreement shall be treated as a separate payment. Any
payments to be made under this Agreement upon a termination of employment shall
only be made upon a “separation from service” under Section 409A.
Notwithstanding the foregoing, the Employer makes no representations that the
payments and benefits provided under this Agreement comply with Section 409A and
in no event shall the Employer be liable for all or any portion of any taxes,
penalties, interest or other expenses that may be incurred by the Executive on
account of non-compliance with Section 409A. 

13. Remedies for Breach
of Agreement. Executive
acknowledges that the Employer and the other Released Parties would suffer
irreparable harm as a result of any disparagement (described in paragraph 6),
unauthorized disclosure, or use of Employer Confidential Information (described
in paragraph 11 and the Confidentiality Agreement), and that monetary damages
would be insufficient to compensate the Employer for such harm. Therefore, if
Executive is in breach of his obligations or any provision of this Agreement,
the Employer and any other affected Released Party is entitled to seek an
injunction or temporary restraining order, without notice to Executive,
restraining any unauthorized disclosure or use of the Employer’s Confidential
Information in addition to any other available remedy, including damages. In any
such action, if the Employer prevails, Executive agrees to reimburse the
prevailing party(ies) for its/their costs and reasonable attorneys’ fees
incurred in connection with taking the legal action. Further, Executive
acknowledges that any breach of the foregoing would cause damage to the Employer
that would be difficult if not impossible to establish and, thus, Executive
agrees that he will pay to the Employer as liquidated damages, and not as a
penalty, the amount equal to the Separation Consideration paid to Executive, and
he expressly waives the right to any further Separation Consideration
obligations expressly stated in this Agreement. In the event that Executive sues
or otherwise institutes, initiates, or participates in any legal proceedings
against the Employer or any Released Party for any claim or matter released
hereby in violation of this Agreement, (a) the Employer will be relieved of its
obligation to pay any Separation Consideration provided for in this Agreement,
(b) the Employer will be entitled to recover from Executive all Separation
Consideration previously paid to Executive, in addition to all other lawful
remedies, and (c) all other provisions of this Agreement will remain in full
force and effect. 

14. Governing Law and
Interpretation and Severability.
This Agreement will be governed by the laws of the State of Delaware without
regard to its conflict of laws provision. Should any provision of this Agreement
be declared illegal or unenforceable by any court of competent jurisdiction and
cannot be modified to be enforceable, excluding the general release language,
such provision immediately will become null and void, leaving the remainder of
this Agreement in full force and effect.

15. No Admission of
Wrongdoing. The Parties agree
that neither this Agreement nor the furnishing of the Separation Consideration
for it will be deemed or construed at any time for any purpose as an admission
by Employer of any liability or wrongful conduct of any kind.

16.
Amendment. This Agreement may not
be modified, altered or changed except upon express written consent of both
Parties.

Page 6 of 9 

17.
Miscellaneous.

17.1 This Agreement will be binding upon each Party and
upon each Party’s heirs, administrators, representatives, executors, successors
and assigns, and will inure to the benefit of the other Party and each of them,
and to each Party’s heirs, administrators, representatives, executors,
successors and assigns. 

17.2 This Agreement may be executed in counterparts,
each to constitute an original. Delivery of an executed counterpart of a
signature page to this Agreement by facsimile or in electronic (i.e., “pdf” or
“tif”) format will be effective as delivery of a manually executed counterpart
of this Agreement. 

18. Entire
Agreement. This Agreement, the
Confidentiality Agreement, the Restricted Stock Unit Agreements, the Stock
Option Agreements, the CalAmp Deferred Compensation Plan, and any other
employment documents that Executive signed with the Company, sets forth the
entire agreement between the Parties hereto, and fully supersedes any prior
obligation of the Employer to the Executive including without limitation, the
Employment Agreement. Executive acknowledges that he has not relied on any
representations, promises, or agreements of any kind made to his in connection
with his decision to accept this Agreement, except for those set forth in this
Agreement.

[SIGNATURE PAGE FOLLOWS]

Page 7 of 9 

SEPARATION AGREEMENT AND
GENERAL RELEASE 

SIGNATURE PAGE

IN WITNESS OF THIS
AGREEMENT, the Parties knowingly
and voluntarily sign this Agreement on the date below.

	EMPLOYER:	     	EXECUTIVE:
	 
	 
	By: 	/s/ Michael Burdiek		 	/s/ Richard Vitelle	
		Michael Burdiek		Richard Vitelle
	Its:
      President and Chief Executive Officer		

    	 
	Dated: 	July 17, 2017	 	         Dated: 	July 17, 2017	 

Page 8 of 9 

ENCLOSURE A

RESIGNATION
LETTER

Richard Vitelle

3600 S. Harbor Blvd., #110-83

Oxnard, CA 93035

July 17, 2017

VIA EMAIL TO STEVE MORAN

Board of Directors of
CalAmp Corp.
c/o: A. J. “Bert” Moyer, Chairman
15635 Alton Parkway, Suite
250
Irvine, CA 92618 

Re: Resignation as CalAmp Chief Financial Officer

	Dear 	Directors	 : 

Pursuant to Section 4.05 of
CalAmp Corp.’s (“CalAmp”) Amended and Restated Bylaws and Section 142(b) of the
of the Delaware General Corporation Law, I hereby tender my resignation as Chief
Financial Officer and Secretary of CalAmp, to be effective July 17, 2017.

Effective July 17, 2017, I
will no longer be an executive officer of CalAmp for purposes of Section 16 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or Rule
3b-7 promulgated under the Exchange Act. 

Furthermore, I also hereby
resign as an officer and director of all CalAmp subsidiaries, other than my
service as a director of LoJack Equipment Ireland DAC, for which my resignation
is scheduled to be effective at the next quarterly board meeting of such
subsidiary.

In accordance with that
certain Separation Agreement and
General Release entered into on
July 17, 2017 between CalAmp and me, I will remain employed by CalAmp in the
capacity of Executive Vice President for the term provided for in such
agreement, reporting to my successor, Kurtis J. Binder, in order to effect an
orderly transition. 

	Sincerely yours,
	 
	/s/ Richard Vitelle	 
	Richard Vitelle

Page 9 of 9EMPLOYMENT AGREEMENT

This Employment Agreement
(“Agreement”) is entered into on July 17, 2017, by and
between Kurtis J. Binder, an individual (“Executive”), and CalAmp
Corp., a Delaware corporation (the “Company”). 

RECITALS: 

A. It is the desire of the Company to assure itself
of the continued services of the Executive by engaging the Executive to perform
such services under the terms hereof. 

B. The Executive desires to commit himself to serve
the Company on the terms herein provided. 

NOW,
THEREFORE, in consideration of
the foregoing and of the respective covenants and agreements set forth below the
parties hereto agree as follows: 

1. Employment by the
Company and Term. 

(a) Full Time and Best Efforts. Subject to the terms set forth herein, the
Company agrees to employ Executive as Executive Vice President and Chief
Financial Officer of the Company, and in such other executive capacities as may
be requested from time to time by the Board of Directors of the Company or a
duly authorized committee thereof, and Executive hereby accepts such employment.
Executive shall render such other services for the Company and corporations
controlled by, under common control with or controlling, directly or indirectly,
the Company, and to successor entities and assignees of the Company
(“Company’s
Affiliates”) as the Company may
from time to time reasonably request and as shall be consistent with the duties
Executive is to perform for the Company and with Executive's experience. During
the term of his employment with the Company, Executive will devote his full time
and use his best efforts to advance the business and welfare of the Company, and
will not engage in any other employment or business activities for any direct or
indirect remuneration that would be directly harmful or detrimental to, or that
may compete with, the business and affairs of the Company, or that would
interfere with his duties hereunder. Notwithstanding the foregoing, the
Executive will be permitted to: (1) continue to serve as a director on the
boards of: (a) PEAR Sports LLC, a private Delaware limited liability company,
and (b) Cutting Edge Products, Inc., a California private corporation; and (2)
render services to his former employer, VIZIO, Inc., for a 6-month period under
an advisory/consulting agreement, with the time commitment for such services
expected to be between two and four hours per week, and at times before or after
Executive’s business hours at Company.

(b) Duties. Executive shall serve in an executive capacity and shall perform such
duties as are customarily associated with his position, consistent with the
Bylaws of the Company and as reasonably required by the Company’s Board of
Directors (the “Board”) or by the
Company's Chief Executive Officer. 

Page 1 of 11 

(c) Company Policies. The employment relationship between the parties
shall be governed by the general employment policies and practices of the
Company, including but not limited to those relating to protection of
confidential information and assignment of inventions, except that when the
terms of this Agreement differ from or are in conflict with the Company’s
general employment policies or practices, this Agreement shall control.

(d) Term. The initial term of employment of Executive under this Agreement shall
begin as of date hereof for an initial term ending on July 17, 2019 (such
period, the “Initial
Term”), subject to the provisions
for termination set forth herein and renewal as provided in Section 1(e) below.

(e) Renewal. Beginning with the scheduled expiration of the Agreement on July __,
2019, and in connection with any subsequent expiration date, the Company and
Executive will review the Agreement and, if mutually agreed, extend the term of
this Agreement for a period of at least two (2) years. Failure by the Company to
agree to an extension of this Agreement shall constitute termination without
cause or disability and Executive shall be eligible for severance in accordance
with Sections 6(d) and 6(f) or, if applicable, Sections 6(e) and
6(f).

2. Compensation and
Benefits. 

(a) Salary. Executive shall receive for services to be rendered hereunder a salary
at the rate of Twenty-Nine
Thousand One Hundred Sixty-Seven Dollars ($29,167) per month payable at least as frequently as
monthly and subject to payroll deductions as may be necessary or customary in
respect of the Company’s salaried employees (the “Base Salary”). The Base Salary will be reviewed by and shall be subject to
adjustment at the sole discretion of the Board of Directors of the Company each
year during the term of this Agreement. 

(b) Participation in Benefit Plans. During the term hereof, Executive shall be
entitled to participate in any group insurance, hospitalization, medical,
dental, health, accident, disability or similar plan or program of the Company
now existing or established hereafter to the extent that he is eligible under
the general provisions thereof. The Company may, in its sole discretion and from
time to time, amend, eliminate or establish additional benefit programs as it
deems appropriate. Executive shall also participate in all standard fringe
benefits offered by the Company to any of its Executive Officers. 

(c) Flexible Time Off. As a full-time exempt employee, Employee is
eligible for paid time off under the Company’s Flexible Paid Time Off
(“PTO”) Policy. Under this policy, Executive may take
compensated time off as needed, so long as the Chief Executive Officer approves
requested time off in advance. Under this Policy, the Executive does not earn or
accrue PTO hours in advance of taking compensated time off, and therefore no
payment is made for PTO upon termination of employment.

3.
Bonuses.

The Executive will receive
a sign-on bonus of Thirty-Five
Thousand Dollars ($35,000),
payable thirty (30) days after your start date. If the Executive voluntarily
terminates his employment with CalAmp or is
terminated for Cause within twelve (12) months from the date of hire, the
Executive will be required to refund to CalAmp the entire sign-on bonus.

Page 2 of 11 

The Executive shall be
eligible to participate in the Company’s management incentive plan, based upon
overall Company performance and Executive’s performance against specified
objectives, and in accordance with the terms of such plan (as it may exist from
time to time) and in the discretion of the Committee of the Board administering
such plan. The short-term incentive plan (“STIP”) for fiscal 2018 will provide
Executive the opportunity to receive a performance bonus as determined by the
achievement of certain corporate financial objectives of consolidated revenue,
consolidated EBITDA, and certain MBOs. Executive’s pro-rated (from Executive’s hire date through the end of fiscal year 2018, which
ends on February 28, 2018) STIP will be paid based on the achievement of those
financial objectives as follows: zero percent (0%) of Executive’s Base Salary at
minimum achievement; up to sixty-five percent (65%) of Executive’s Base Salary
at target; and, up to one hundred twenty percent (120%) of Executives Base
Salary at maximum. 

4. Stock
Awards.

The Executive shall be
eligible to participate in the Company’s employee stock award plans and shall be
eligible for award of stock options or other stock incentive awards in
accordance with the terms of the Company’s stock award plans and in the
discretion of the Committee of the Board administering such plans. Executive
will be recommended to receive a grant date fair value of equity of
One Million One Hundred Thousand
Dollars ($1,100,000) as of
Executive’s hire date.

5. Reasonable Business
Expenses and Support. 

Executive shall be
reimbursed for documented and reasonable business expenses in connection with
the performance of his duties hereunder. Executive shall be furnished reasonable
office space, assistance and facilities. 

6. Termination of
Employment.

The date, on which
Executive’s employment by the Company ceases, under any of the following
circumstances, shall be defined herein as the “Termination Date.” 

(a) Termination Upon Death. If Executive dies prior to the expiration of the
term of this Agreement, the Company shall (i) continue coverage of Executive’s
dependents (if any) under all benefit plans or programs of the type listed above
in Section 2(b) herein for a period of six (6) months, and (ii) pay to
Executive’s estate the accrued portion of any Base Salary earned as of the
Termination Date, less standard withholdings for tax and social security
purposes. 

(b) Termination Upon Disability. The Company may terminate Executive’s employment
in the event Executive suffers a disability that renders Executive unable to
perform the essential functions of his position, even with reasonable
accommodation, as determined by competent medical authority. After the
Termination Date, which in this event shall be the date upon which notice of termination is given, no
further compensation will be payable under this Agreement except that Executive
shall be paid the accrued portion of any Base Salary earned as of the
Termination Date, less standard withholdings for tax and social security
purposes.

Page 3 of 11 

(c) Termination for Cause. 

(i) Termination; Payment of Accrued
Salary. The Board may terminate
Executive’s employment with the Company at any time for Cause, immediately upon
notice to Executive of the circumstances leading to such termination for Cause.
In the event that Executive’s employment is terminated for Cause, Executive
shall receive payment for all accrued Base Salary earned through the Termination
Date, which in this event shall be the date upon which notice of termination is
given. The Company shall have no further obligation to pay severance of any kind
whether under this Agreement or otherwise nor to make any payment in lieu of
giving notice of such termination. 

(ii) Definition of Cause. “Cause” means the
occurrence or existence of any of the following with respect to Executive, as
determined by a majority of the directors of the Board: (A) unsatisfactory
performance of Executive’s duties or responsibilities, provided that the Company
has given Executive written notice specifying the unsatisfactory performance of
his duties and responsibilities and afforded the Executive reasonable
opportunity for cure, all as determined by a majority of the directors of the
Board; (B) a material breach by Executive of any of his material obligations
hereunder that the Company has given Executive written notice thereof; (C)
willful failure to follow any lawful directive of the Company consistent with
the Executive’s position and duties, after written notice and reasonable
opportunity to cure, all as determined by the Board; (D) a material breach by
the Executive of his duty not to engage in any transaction that represents,
directly or indirectly, self-dealing with the Company or any of its Affiliates
which has not been approved by a majority of the disinterested directors of the
Board or of the terms of his employment; (E) commission of any willful or
intentional act which could reasonably be expected to injure materially the
property, reputation, business or business relationships of the Company or its
customers; or (F) the conviction or the plea of nolo contendere or the equivalent in respect of a felony
involving moral turpitude. 

(d) Termination Without Cause or Disability or for
Good Reason.

(i) Termination; Payment of Accrued Base
Salary. The Company may terminate
Executive’s employment at any time for other than Cause or disability by
providing written notice to Executive. The Executive may terminate his
employment with Good Reason (as defined below) pursuant to the procedures set
forth in Section 6(e). In such event (unless such termination would be covered
by Section 6(e) below), the Company shall pay Executive as severance (A) subject
to Section 6(d)(ii), an amount equal to six (6) months of his then Base Salary,
less standard withholdings for tax and social security purposes, payable over
such six (6) month term in monthly pro rata payments
commencing as of the Termination Date (such monthly continued payments of Base
Salary, the “Salary Continuation
Benefit”); (B) the Company will
pay the premiums for continued coverage in the Company’s health and welfare
plans under the continuation coverage provisions of COBRA for a period of twelve
(12) months following the Termination Date (or the cash equivalent of such
amount). 

Page 4 of 11 

(ii) No Breach of Sections 7 or 8. Notwithstanding the foregoing, the Company shall
not be obligated to pay any termination payments under this Section 6(d) or
Section 6(e) if Executive breaches the provisions of Sections 7 or 8 below.

(iii) Vesting Upon Termination. In the event Executive’s employment is
terminated pursuant to this Section 6(d), Executive’s then unvested equity
awards granted under the Company’s stock incentive plans after the Executive
became an employee of the Company shall continue to vest for a period of six (6)
months following the Termination Date, and, with respect to any options that are
exercisable or become exercisable, such options shall remain exercisable for six
(6) months following the Termination Date, subject to such longer period as may
be provided by the Company’s 2004 Incentive Stock Plan. 

(iv) Release By Executive. In order to receive the benefits provided by
this Section 6(d) or Section 6(e), Executive shall deliver to the Company within
twenty-one (21) days following Executive’s termination of employment a full and
complete release, in form and substance reasonably acceptable to the Company, of
all claims, known or unknown, that Executive may have against the Company, other
than claims for indemnification, workers compensation or under the Company’s
401(k) plan. The benefits provided by this Section 6(d) or Section 6(e) will be
forfeited on the twenty-eighth (28th) day following the Termination
Date if the Company has not been provided with such a release by such date.

(e) Termination following a Change of
Control. If, within the three (3)
month period preceding or the twelve (12) month period following a Change of
Control (as defined below), the Company terminates Executive’s employment for
other than Cause or disability or Executive terminates his employment for Good
Reason (as defined below), then (i) seventy-five percent (75%) of Executive’s
then unvested equity awards granted under the Company’s stock incentive plans
after the Executive became an employee of the Company shall become vested and,
with respect to any options that are exercisable or become exercisable, such
options shall remain exercisable for twelve (12) months following the
Termination Date, subject to such longer period as may be provided by the
Company’s 2004 Incentive Stock Plan (notwithstanding the foregoing, in the event
of a Change of Control, the Board of Directors will review and consider
increasing the vesting percentage of Executive’s unvested equity awards from
seventy-five percent (75%) to one hundred percent (100%)), (ii) the Executive
shall be entitled to an amount equal to eighteen (18) months of his then Base
Salary, less standard withholdings for tax and social security purposes, payable
over such eighteen (18) month term in monthly pro rata payments commencing as of the Termination Date, (iii) the Executive
shall be entitled to an amount equal to a pro rata portion of his
target bonus under the Company’s annual incentive plan based on the number of
days worked in the year of termination, and (iv) the Company will pay the
premiums for continued coverage in the Company’s health and welfare plans under
the continuation coverage provisions of COBRA for a period of eighteen (18)
months following the Termination Date (or the cash equivalent of such amount).
In order to terminate his employment for Good Reason the Executive must give the
Company notice of termination within sixty (60) days of the occurrence of one of
the events included in the definition of Good Reason, following which notice the
Company will have a period of thirty (30) days to cure the circumstances
constituting Good Reason. Unless the Company cures the circumstances
constituting Good Reason within such thirty (30) day period, Executive’s
employment will be deemed to terminate on the thirtieth (30th) day
following the date such notice is delivered
to the Company. In all other respects Section 6(d) shall remain applicable. The
following definitions shall apply: 

Page 5 of 11 

(i) “Change of Control” shall mean the consummation of the first to
occur of (A) the sale, lease or other transfer of all or substantially all of
the assets of the Company to any person or group (as such term is used in
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended); (B) the
adoption by the stockholders of the Company of a plan relating to the
liquidation or dissolution of the Company; (C) the merger or consolidation of
the Company with or into another entity or the merger of another entity into the
Company or any subsidiary thereof with the effect that immediately after such
transaction the stockholders of the Company immediately prior to such
transaction (or their Related parties) hold less than fifty percent (50%) of the
total voting power of all securities generally entitled to vote in the election
of directors, managers or trustees of the entity surviving such merger of
consolidation; or (D) the acquisition by any person or group of more than fifty
percent (50%) of the voting power of all securities of the Company generally
entitled to vote in the election of directors of the Company. 

(ii) “Good Reason” shall mean the occurrence of any one or more of the following without
the Executive's express written consent: (A) the assignment of the Executive to
duties materially inconsistent with the Executive’s authority, duties,
responsibilities and status (including offices, titles and reporting
requirements) as an officer of the Company or any other action that constitutes
a material reduction in or alteration to the nature or status of the Executive’s
authority, duties or responsibilities, in each case from those in effect at the
date of the occurrence of the Change of Control; (B) the Company requiring the
Executive to be based at a location which is more than fifty (50) miles further
from the Executive’s then current primary residence than such residence is from
the Company location at which the Executive is then working; or (C) a material
reduction in the Executive’s Base Salary. 

(f) Benefits Upon Termination. All benefits provided under Section 2(b) hereof
shall be extended, at Executive’s election and cost, to the extent permitted by
the Company’s insurance policies and benefit plans, for twelve (12) months after
Executive's Termination Date, except (i) as required by law (e.g., COBRA health
insurance continuation election) or (ii) in the event of a termination described
in Section 6(a). 

(g) Termination by Executive. Executive shall have the right, at his election,
to terminate his employment with the Company upon two (2) months advance written
notice to the Company to that effect; provided, however, that the Company may in its discretion waive the advance notice period.

(h) Reduction in Payments. Notwithstanding anything contained in this
Agreement to the contrary, in the event that the payments to the Executive under
this Section 6, either alone or together with other payments the Executive has a
right to receive from the Company, would not be deductible (in whole or in part)
by the Company as a result of such payments constituting a “parachute payment”
(as defined in Section 280G of the Internal Revenue Code, as amended (the
“Code”)), such payments shall be reduced to the largest
amount as will result in no portion of the payments under this Section 6 not
being fully deductible by the Company as the result of Section 280G of the Code.
The determination of any reduction in the payments under this Section 6 pursuant
to the foregoing sentence shall be made exclusively by the firm of independent public accountants serving
as the Company’s principal auditors immediately prior to the Termination Date
(whose fees and expenses shall be borne by the Company), and such determination
shall be conclusive and binding on the Company and the Executive. In the event
that the payments and/or benefits are to be reduced pursuant to this Section
6(h), such payments and benefits shall be reduced such that the reduction of
compensation to be provided to Executive as a result of this Section 6(h) is
minimized. In applying this principle, the reduction shall be made in a manner
consistent with the requirements of Section 409A (as defined below) and where
two economically equivalent amounts are subject to reduction but payable at
different times, such amounts shall be reduced on a pro rata basis but not below zero. 

Page 6 of 11 

7. Proprietary
Information Obligations. 

During the term of
employment under this Agreement, Executive will have access to and become
acquainted with the Company’s and the Company’s Affiliates’ confidential and
proprietary information, including, but not limited to, information or plans
regarding the Company’s and the Company’s Affiliates’ customer relationships,
personnel, or sales, marketing, and financial operations and methods; trade
secrets; formulas; devices; secret inventions; processes; and other compilations
of information, records, and specifications (collectively “Proprietary Information”).
Executive shall not disclose any of the Company’s or the Company’s Affiliates’
Proprietary Information directly or indirectly, or use it in any way, either
during the term of this Agreement or at any time thereafter, except as required
in the course of his employment for the Company or as authorized in writing by
the Company. All files, records, documents, computer-recorded information,
drawings, specifications, equipment and similar items relating to the business
of the Company or the Company’s Affiliates, whether prepared by Executive or
otherwise coming into his possession, shall remain the exclusive property of the
Company or the Company’s Affiliates, as the case may be, and shall not be
removed from the premises of the Company under any circumstances whatsoever
without the prior written consent of the Company, except when (and only for the
period) necessary to carry out Executive’s duties hereunder, and if removed
shall be immediately returned to the Company upon any termination of his
employment; provided, however, that Executive may retain copies of documents reasonably related to his
interest as a shareholder and any documents that were personally owned, which
copies and the information contained therein Executive agrees not to use for any
business purpose. Notwithstanding the foregoing, Proprietary Information shall
not include (a) information which is or becomes generally public knowledge
except through disclosure by the Executive in violation of this Agreement, and
(b) information that may be required to be disclosed by applicable law.

8.
Noninterference.

While employed by the
Company and for a period of two (2) years after termination of this Agreement,
Executive agrees not to interfere with the business of the Company or any
Company Affiliate by directly or indirectly soliciting, attempting to solicit,
inducing, or otherwise causing any employee of the Company or any Company
Affiliate to terminate his or her employment in order to become an employee,
consultant or independent contractor to or for any other employer. 

Page 7 of 11 

9. Miscellaneous.

(a) Notices. Any notices provided hereunder must be in writing and shall be deemed
effective upon the earlier of two (2) days following personal delivery
(including personal delivery by telecopy or telex), or the fourth day after
mailing by first class mail to the recipient at the address indicated below:

To the
Company: 

CalAmp
Corp.
15635 Alton Parkway, Suite
250
Irvine, CA 92618
Attention:
President and Chief Executive Officer
Fax: (805) 512-8566 

To
Executive: 

Kurtis J. Binder
10
Tattersall
Laguna Nigel, CA 92677

or to such other address or
to the attention of such other person as the recipient party will have specified
by prior written notice to the sending party. 

(b) Severability. Any provision of this Agreement which is deemed
invalid, illegal or unenforceable in any jurisdiction shall, as to that
jurisdiction and subject to this Section be ineffective to the extent of such
invalidity, illegality or unenforceability, without affecting in any way the
remaining provisions hereof in such jurisdiction or rendering that or any other
provisions of this Agreement invalid, illegal, or unenforceable in any other
jurisdiction. If any covenant should be deemed invalid, illegal or unenforceable
because its scope is considered excessive, such covenant shall be modified so
that the scope of the covenant is reduced only to the minimum extent necessary
to render the modified covenant valid, legal and enforceable. 

(c) Entire Agreement. This document constitutes the final, complete,
and exclusive embodiment of the entire agreement and understanding between the
parties related to the subject matter hereof and supersedes and preempts any
prior or contemporaneous understandings, agreements, or representations by or
between the parties, written or oral. This Agreement shall be construed without
regard to any presumption or rule requiring construction or interpretation
against the party drafting an instrument or causing any instrument to be
drafted. 

(d) Counterparts. This Agreement may be executed in multiple
counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument. Delivery of an executed
counterpart of a signature page to this Agreement by facsimile or in electronic
(i.e., “pdf” or “tif”) format will be effective as delivery of a manually
executed counterpart of this Agreement. 

Page 8 of 11 

(e) Successors and Assigns. This Agreement is intended to bind and inure to
the benefit of and be enforceable by Executive and the Company, and their
respective successors and assigns, except that Executive may not assign any of
his duties hereunder and he may not assign any of his rights hereunder without
the prior written consent of the Company. 

(f) Amendments. No amendments or other modifications to this Agreement may be made
except by a writing signed by both parties. No amendment or waiver of this
Agreement requires the consent of any individual, partnership, corporation or
other entity not a party to this Agreement. Nothing in this Agreement, express
or implied, is intended to confer upon any third person any rights or remedies
under or by reason of this Agreement.

(g) Choice of Law. All questions concerning the construction,
validity and interpretation of this Agreement will be governed by the laws of
the State of Delaware without giving effect to principles of conflicts of
law.

10. Attorneys’ Fees.

In the event of litigation
arising under this Agreement or out of or concerning the Executive’s employment
or termination by the Company, the prevailing party shall, in addition to all
costs of suit, be entitled to recover his or her reasonable attorneys’ fees from
the other party. 

11. Section 409A
Compliance.

(a) The parties agree that
this Agreement is intended to comply with the requirements of Section 409A of
the Code and the regulations and guidance promulgated thereunder
(“Section 409A”) or an exemption from Section 409A. The Company
shall undertake to administer, interpret, and construe this Agreement in a
manner that does not result in the imposition on Executive of any additional
tax, penalty, or interest under Section 409A. Each payment under this Agreement
shall be treated as a separate payment for purposes of Section 409A.

(b) A termination of
employment shall not be deemed to have occurred for purposes of any provision of
this Agreement providing for the payment of any amounts or benefits upon or
following a termination of employment unless such termination is also a
“separation from service” within the meaning of Section 409A and, for purposes
of any such provision of this Agreement, references to a “termination,”
“termination of employment” or like terms shall mean “separation from
service.”

Page 9 of 11 

(c) Notwithstanding
anything herein to the contrary, in the event that Executive is a “specified
employee” (within the meaning of Section 409A) on the date of termination of
Executive’s employment with the Company and the payments described in Section
6(d)(i) or Section 6(e), as applicable, to be paid within the first six months
following the date of such termination of employment (the “Initial Payment Period”) exceed the amount referenced in Treas. Regs.
Section 1.409A-1(b)(9)(iii)(A) (the “Limit”), then (i) any
portion of such payments that are payable during the Initial Payment Period that
does not exceed the Limit shall be paid at the times set forth in Section
6(d)(i) or Section 6(e), as applicable, (ii) any portion of such payments that exceed the Limit
(and would have been payable during the Initial Payment Period but for the
Limit) shall be paid, in lump sum, on the first business day after the six-month
anniversary of Executive’s termination of employment and (iii) any portion of
such payments that are payable after the Initial Payment Period shall be paid at
the times set forth in Section 6(d)(i) or Section 6(e), as
applicable.

(d) With regard to any
provision herein that provides for reimbursement of costs and expenses or
in-kind benefits, except as permitted by Section 409A of the Code, all such
payments shall be made on or before the last day of calendar year following the
calendar year in which the expense occurred. 

[SIGNATURE PAGE FOLLOWS]

Page 10 of 11 

EMPLOYMENT AGREEMENT

SIGNATURE PAGE

IN WITNESS
WHEREOF, the parties have
executed this Agreement effective as of the date it is last executed below by
either party. 

	EXECUTIVE:	     	CALAMP CORP.:
	 
	 
	/s/ Kurtis J. Binder	 	By:	/s/ Michael Burdiek
	Kurtis J.
      Binder			Michael Burdiek
			Title:	President and Chief Executive
    Officer
	 			
	Date: 	July 13, 2017	 		Date: 	July 13, 2017	 

Page 11 of 11

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