Document:

Exhibit 10.7

 

FIRST AMENDMENT TO MANAGEMENT
AGREEMENT

 

This First
Amendment to the Management Agreement (this “Amendment”), dated as of July 24,
2006, by and between Barrington Broadcasting Corporation (“Barrington
Corporation”) and Barrington Broadcasting Company, LLC (the “Manager”), and
amends the Management Agreement (the “Management Agreement”), dated as of December
30, 2003, by and between Barrington Broadcasting LLC (formerly Pilot Group TV
LLC) (“Barrington LLC”) and the Manager (the “Manager”).

 

WHEREAS,
Barrington LLC and the Manager entered into the Management Agreement pursuant
to which the Manager was engaged to provide certain management services to
Barrington LLC;

 

WHEREAS,
pursuant to that certain assignment and assumption agreement, dated December
31, 2003, Barrington LLC assigned all of its rights, title and interest in the
Management Agreement to Barrington Broadcasting Acquisition Corporation (“Barrington
Acquisition”);

 

WHEREAS,
pursuant to that certain assignment and assumption agreement, dated April 5,
2004, Barrington Acquisition assigned all of its rights, title and interest in
the Management Agreement to Barrington Corporation;

 

WHEREAS,
the parties to the Management Agreement desire to amend the Management
Agreement as set forth herein; and

 

NOW,
THEREFORE, for good and valuable consideration, the receipt, adequacy and
sufficiency of which are hereby acknowledged, the parties hereto, being all the
parties to the Management Agreement intending to be legally bound, do hereby
agree to amend the Management Agreement as follows:

 

1.     Amendment. The words “the third anniversary of the
Closing Date” in the first sentence of Section 3 are hereby deleted and
replaced with the words “December 31, 2007”.

 

2.     Ratification and Confirmation of the Management Agreement; No
Other Changes. Except as modified by this Amendment, the Management
Agreement is hereby ratified and affirmed in all respects. Nothing herein shall
be held to alter, vary or otherwise affect the terms, conditions and provision
of the Management Agreement, other than as stated above.

 

3.     Counterparts. This Amendment may be executed in
counterparts, each of which shall constitute an original, but all of which,
when taken together, shall constitute but one instrument.

 

 

4.     Governing Law; Venue; Waiver of Jury Trial. This
Amendment, the rights and obligations of the parties and any claims or disputes
relating thereto shall be governed by and construed in accordance with the laws
of the State of New York, without regard to its conflicts of law rules. Any
action, suit or proceeding in respect of or arising out of this Amendment shall
be prosecuted as to any party hereto in New York, New York. Each party hereto
consents to the exercise of jurisdiction over its person by any court situated
in the Borough of Manhattan, City of New York, State of New York and having
jurisdiction over the subject matter of any such action, suit or proceeding,
and consents to the service of process in connection therewith by notice given
in accordance with Section 9 hereof. Each party hereto waives any right such
party may have to a jury trial in connection with any such action, suit or
proceeding.

 

 

[SIGNATURE
PAGES FOLLOW]

 

2

 

IN
WITNESS WHEREOF,  the undersigned have
executed this Amendment as of the date first set forth above.

 

 

	
   

  	
  BARRINGTON BROADCASTING 

  CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul M. McNicol

  	
   

  
	
   

  	
   

  	
  Name: Paul M. McNicol

  
	
   

  	
   

  	
  Title: Senior Vice President & Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
  BARRINGTON BROADCASTING 

  COMPANY, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ K. James Yager

  	
   

  
	
   

  	
   

  	
  Name: K. James Yager

  
	
   

  	
   

  	
  Title: CEOExhibit 4.1

 

XPLORE TECHNOLOGIES CORP.

 

 

300,000,000 AUTHORIZED SHARES OF COMMON
STOCK, PAR VALUE $0.001 PER SHARE

 

	
  Number

  	
   

  	
  INCORPORATED UNDER THE LAWS OF THE STATE OF
  DELAWARE

  	
   

  	
  Shares

  

 

 

THIS CERTIFIES THAT

 

** SPECIMEN **

 

 

CUSIP: 983950 20 5

is the registered holder of

 

 

** xxx **

 

 

FULLY PAID AND NON-ASSESSABLE SHARES OF
COMMON STOCK, PAR VALUE $0.001, OF

 

XPLORE TECHNOLOGIES CORP.

 

Registration of the transfer of the shares of Common Stock represented
by this certificate may be made on the appropriate register of the Corporation
in person or by Attorney upon presentation and surrender of this certificate
properly endorsed.

 

This Certificate is not valid until countersigned and registered by the
Transfer Agent and Registrar of the Corporation.

 

IN WITNESS WHEREOF the Corporation has caused this Certificate to be
signed by the facsimile signatures of its duly authorized officers.

 

 

	
   

  	
  DATED

  
	
   

  	
   

  
	
   

  	
  COUNTERSIGNED AND REGISTERED by

  
	
   

  	
  Equity Transfer & Trust Company Toronto, Ontario, Canada

  
	
   

  	
  Transfer Agent and Registrar

  

 

	
  Mark Holleran

  	
   

  	
  Michael J. Rapisand

  	
   

  	
   

  
	
  President

  	
   

  	
  Secretary

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Authorized Officer

  	
   

  

 

The Shares represented by this Certificate are transferable at the
offices of Equity Transfer & Trust Company,

Toronto, Ontario, Canada.

 

 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF TRANSFEREE

 

 

	
   

  
	
  (Name and address of transferee)

  

 

 

 

                                                                                                              shares
registered in the name of the undersigned on the books of the Corporation named
on the face of this certificate and represented hereby, and irrevocably
constitutes and appoints

 

                                                                                                              Attorney
to transfer the said shares on the books of the within named Corporation with
full power of substitution in the premises.

 

	
  Dated:

  	
   

  	
   

  

 

	
   

  	
  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 WHATSOEVER, AND MUST BE GUARANTEED BY A 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-5.

 

Signature
Guaranteed by:

 

THE
CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUEST THE
POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR
OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF OF THE
CORPORATION, AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH
PREFERENCES AND/OR RIGHTS.

 

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

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  	
   

  
	
  JT
  ENT

  	
  -as joint tenants with right of survivorship and
  not as tenants in common.

  	
   

  	
  under
  Uniforms Gifts to Minors Act

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Additional
  abbreviations may also be used in the above list.

  	
   

  	
  (State)

  	
   

  
									

 

RESTRICTIONSExhibit 4.2

 

XPLORE TECHNOLOGIES CORP.

 

 

64,000,000 AUTHORIZED SHARES OF SERIES A
CONVERTIBLE PREFERRED STOCK,

PAR VALUE $0.001 PER SHARE

 

	
  Number

  	
   

  	
  INCORPORATED UNDER THE LAWS OF THE STATE OF
  DELAWARE

  	
   

  	
  Shares

  

 

 

THIS CERTIFIES THAT

 

 

** SPECIMEN **

 

 

CUSIP: 983950 30 4

is the registered holder of

 

** xxx **

 

 

FULLY PAID AND NON-ASSESSABLE SHARES OF
SERIES A CONVERTIBLE

PREFERRED STOCK, PAR VALUE $0.001, OF

 

XPLORE TECHNOLOGIES CORP.

 

Registration of the transfer of the shares of Series A Convertible
Preferred Stock represented by this Certificate may be made on the appropriate
register of the Corporation in person or by Attorney upon presentation and
surrender of this Certificate properly endorsed.

 

This Certificate is not valid until countersigned and registered by the
Transfer Agent and Registrar of the Corporation.

 

IN WITNESS WHEREOF the Corporation has caused this Certificate to be
signed by the facsimile signatures of its duly authorized officers.

 

 

	
   

  	
  DATED

  
	
   

  	
   

  
	
   

  	
  COUNTERSIGNED AND REGISTERED by

  
	
   

  	
  Equity Transfer & Trust Company Toronto, Ontario, Canada

  
	
   

  	
  Transfer Agent and Registrar

  

 

	
  Mark Holleran

  	
   

  	
  Michael J. Rapisand

  	
   

  	
   

  
	
  President

  	
   

  	
  Secretary

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Authorized Officer

  	
   

  

 

The Shares represented by this Certificate are transferable at the
offices of Equity Transfer & Trust Company, Toronto, Ontario, Canada.

 

 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF TRANSFEREE

 

 

	
   

  
	
  (Name and address of transferee)

  

 

 

                                                                                                                 shares
registered in the name of the undersigned on the books of the Corporation named
on the face of this certificate and represented hereby, and irrevocably
constitutes and appoints

 

                                                                                                                 Attorney
to transfer the said shares on the books of the within named Corporation with
full power of substitution in the premises.

 

	
  Dated:

  	
   

  	
   

  

 

	
   

  	
  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 WHATSOEVER, AND MUST BE GUARANTEED BY A 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-5.

 

Signature
Guaranteed by:

 

THE
CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUEST THE
POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR
OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF OF THE
CORPORATION, AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH
PREFERENCES AND/OR RIGHTS.

 

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

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  	
   

  
	
  JT
  ENT

  	
  -as joint tenants with right of survivorship and
  not as tenants in common.

  	
   

  	
  under
  Uniforms Gifts to Minors Act

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Additional
  abbreviations may also be used in the above list.

  	
   

  	
  (State)

  	
   

  
									

 

RESTRICTIONS

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