Document:

exv10w64w1

Exhibit
10.64.1

	 	 	 	 	 
	Handelsbanken

	 	CONTRACT A
	 	Page
	 

	 	SUPPLEMENTARY OVERDRAFT FACILITY
	1 of 1
	Branch
 Frölunda

	 	For purposes other than
personal consumption
	Facility no. 

258 631 988

	 	 	 
	Borrower

	Name	Civic reg. no/Business org. no.
	 

	MOBITEC AKTIEBOLAG 	 

	 	 	 	 	 
	Normal overdraft facility

	 	Amount granted
	 	Contract date
	 

	 	7 000 000,00
	 	2001-08-28

	 	 	 
	Amount of supplementary facility

	 	SEK (in words)
	 	THREE MILLION FIVE HUNDRED THOUSAND KRONOR
	 	SEK (in figures)
	 	3 500 000,00

	 	 	 	 	 
	Overdraft period

	 	As from — to, inclusive (year, month, day) 

2010-05-01—2010-09-30
	 	In accordance with section 8 of the “General
Terms” for the facility, the Bank can suspend
utilisation of the facility during the overdraft
period and/or terminate the facility.

	 	 	 	 	 	 	 
	Interest
	 	Utilisation
interest rate,
currently % The
interest rate is
subject to special
terms relating to
money market
accounts
	 	Contract interest rate, currently %
	 	The interest is payable as
contract interest on the full
overdraft amount and as
utilisation interest on the
borrower’s debt.
Contract interest is payable in
advance at the commencement of
the facility period.
	
	 	
STIBOR T/N + 3,80
	 	0, 50
	 
	 

	 	
Due dates for utilisation interest every (month, day)

0630, 0930	 

	 	 	 
	The Bank’s undertaking

	 	In addition to the above-mentioned normal overdraft facility, Svenska Handelsbanken AB (publ) allows the borrower to
utilise a supplementary overdraft facility up to the above-mentioned facility amount on the terms and conditions set
out in this contract.
	 
	 	 
	The borrower’s undertaking

	 	The Borrower shall comply with the terms and conditions of this contract, some of which are set out in the “General
terms” for the facility. On expiry of the agreed overdraft period, the borrower shall immediately repay his/her debt
pursuant to the contract. When the borrower’s right to utilise the normal overdraft facility and/or supplementary
facility has expired, the borrower must immediately return unused cheques and any other instruments used for
operation of the account.

	 	 	 	 	 
	Signature	 	I/We confirm that I/we
have read all pages of the contract including the “General terms” for the facility.
	 
	 	 	 	 
	 

	 	Date

2010-03-25
	 	Date

2010-03-25
	 
	 	 	 	 
	 

	 	Borrower

Mobitec AB
	 	Svenska Handelsbanken AB (publ)
	 
	 	 	 	 
	 

	 	/s/ Agne Axelsson
	 	/s/ Catarina Berntsson
	 

	 	 
	 	 
	 

	 	Agne Axelsson
	 	Catarina Berntsson

 

			
	Handelsbanken
	 	Page 1 of 3

GENERAL TERMS CONTRACT A — Supplementary credit for purposes other than personal consumption,
applying from 21 December 2009

	1.	 	General terms for accounts held with Handelsbanken
	 
	 	 	The borrower disposes of the account in accordance with the terms applying to the account to which
the overdraft facility is linked. The Bank may withdraw funds from the account if the borrower has
ordered this or has approved that the account may be debited.
	 
	 	 	The Bank may also debit the account with amounts corresponding to interest, charges and costs which
are associated with the account. In addition, the Bank may debit the account with amounts
corresponding to charges, costs and outlays for orders effected on behalf of the borrower and for
payment of other due claims which the Bank has on the borrower.
	 
	 	 	When the Bank is entitled to debit the account as stated in the previous paragraph, this may also
be done as at a day which is a public holiday or equivalent day. It is the duty of the borrower to
ensure that a sufficiently large amount is available on the account when the debit occurs. If the
borrower dies during the contract period, the estate of the deceased may not increase the debt on
the account without the consent of the Bank.
	 
	2.	 	Interest
	 
	 	 	The borrower shall pay utilisation interest to the Bank at an annual rate computed on the overdraft
amount outstanding at any time, plus contract interest on the granted overdraft amount. The
utilisation interest is calculated at the interest rate and on the grounds which the Bank applies
to this type of facility from time to time. The interest rates applying when the facility was
provided are set out in the contract. If different interest rates are applied for utilisation
interest in different ranges of the overdraft amount, this is indicated on page one with the
interest rates applying when the contract was entered into.
	 
	 	 	In the event of an extension of the facility, additional contract interest is payable for each
period of extension, this being payable in advance for the period concerned.
	 
	 	 	The borrower is liable for contract interest for the period until the end of the overdraft period
set out in the contract, without any obligation for the Bank to make a refund if the contract
should be terminated before then.
	 
	3.	 	Overdrafts
	 
	 	 	If the borrower’s debt to the Bank under this contract exceeds the amount granted, the borrower
shall upon demand pay the difference. In this case, the borrower shall also pay interest on the
overdrawn amount at the rate and on the grounds applied by the Bank at any time, as well as an
unauthorised overdraft fee as set out in section 5 below.
	 
	 	 	Unauthorised overdrafts also entitle the Bank to terminate the facility for repayment and/or
suspend utilisation of the facility in advance. In this case the provisions in section 8 will
apply.
	 
	4.	 	Penalty interest
	 
	 	 	If payment of principal, interest and/or charges is not effected when due, the borrower shall pay
special annual penalty interest on the overdue amount until payment
is made. On amounts not
overdue, the usual interest rate continues to apply.

	 
	 	 	
Penalty interest is calculated at the
utilisation interest rate applying to the facility, plus five percentage points or, when the entire
facility is overdue, one percentage point.
	 
	5.	 	Charges and costs
	 
	 	 	The account is subject to charges according to the terms generally applied from time to time by the
Bank. Particulars of current charges are available at any of the Bank’s branches.
	 
	 	 	The borrower
shall reimburse the Bank for the costs and work associated with obtaining, maintaining and
utilising the security agreed upon, as well as with the lodging of proof and collection  of the
Bank’s claim on the borrower or on any other party liable for
payment thereof. The Bank’s written payment reminders
shall thus also be reimbursed.
	 
	6.	 	Order of debt settlement
	 
	 	 	When payment is made, the Bank is entitled to deduct the charges, costs and interest due on the
facility before settling the principal amount.
	 
	7.	 	Facility period
	 
	 	 	The facility period for the supplementary overdraft facility is set out in the contract and will
not be extended. If the Bank does not grant an extension of the normal overdraft facility or if the
normal overdraft facility is terminated for payment in advance, the supplementary overdraft
facility shall be due for payment at the same time as the normal overdraft facility irrespective of
whether the agreed facility period for the supplementary overdraft facility is longer or the
supplementary overdraft facility has not been subject to separate notice of termination.
	 
	8.	 	The Bank’s right to terminate the facility and/or suspend utilisation of the facility
	 
	 	 	The Bank may terminate the facility for payment immediately or at any time determined by the Bank
and suspend utilisation of the overdraft facility, if any of the following circumstances should
apply:

	 	•	 	the borrower has failed to meet his obligations under this contract or otherwise to the Bank,
	 
	 	•	 	the borrower has used the account improperly in a manner set out under Section 3,
	 
	 	•	 	the collateral for the loan or for other obligations of the borrower towards the Bank is no
longer satisfactory,
	 
	 	•	 	there is reasonable cause to assume that the borrower will not meet his payment obligations to
the Bank.

	 	 	If any of the circumstances set out above are present, the Bank is entitled, regardless of whether
termination has been made, to immediately suspend the right to utilise the facility further.

If the
Bank has terminated the facility in accordance with this section, the borrower shall immediately
return unused cheques and other instruments for operating the account.
	 
	9.	 	Closing bill and refund
	 
	 	 	When the agreed overdraft period has expired or when the facility is payable in advance pursuant to
section 3, 7 or 8, the Bank shall prepare a closing bill.
	 
	 	 	The borrower must immediately pay the debt according to the closing bill.
	 
	10.	 	Definition of a pledge, etc.
	 
	 	 	‘Pledge’ also refers to property that is included in a floating charge on assets. The term
‘pledger’ also refers to an assignor of floating charge, ‘pledging’ also refers to assignment of
the floating charge and ‘pledge deed’ also refers to deeds associated with a floating charge and
pledge claims.
	 
	11.	 	The Bank’s right to sell pledged financial instruments
	 
	 	 	If the security for the loan consists in full or in part of financial instruments and if the value
for borrowing purposes assigned by the Bank declines, implying that the security is no longer
satisfactory, the borrower must at the request of the Bank immediately provide additional security.
If such security is not provided, or if the Bank is unable to contact the borrower within a
reasonable period of time, the Bank has the right, but not the obligation, to sell the required
portion of the financial instruments. The proceeds shall be deposited to an interest-bearing
account and continue to constitute a pledge for the loan. That which is stated above does not
restrict the Bank’s right to terminate the facility for immediate payment in accordance with
section 8 and/or the right to immediately suspend utilisation of the facility in accordance with
section 8.
	 
	12.	 	Right of guarantor and pledger to prevent extension of overdraft period
	 
	 	 	A guarantor is not entitled to terminate his guarantee and a pledger may not revoke his mortgage.

 

 

			
	Handelsbanken
	 	Page 2 of 3

	 	 	However, any guarantor or pledger may separately, not later than six weeks before the due date of
the facility, request in writing that the Bank shall not extend the facility. Such request may
imply that the guarantor becomes forced to pay by virtue of his guarantee, or that the Bank
utilises a pledge.
	 
	 	 	If the Bank within the period set out in the preceding paragraph has received a request that the
facility shall not be extended but nevertheless extends the facility, the guarantee or pledge
provided by the party making such request ceases to be valid. This does not apply, however, if the
Bank, due to the borrower’s negligence, before expiry of the aforementioned time period, has
commenced legal proceedings against the party who has opposed an extension or has commenced
negotiation with this party concerning the guarantee commitment or pledge.
	 
	13.	 	Sequence of utilisation of security
	 
	 	 	If the borrower fails to meet his obligations under the contract, the Bank may determine the
sequence in which the securities (pledges, guarantees, etc.) shall be utilised.
	 
	14.	 	General right of pledge
	 
	 	 	Property pledged by the borrower in this contract shall also constitute security for any other
obligations towards the Bank for which the borrower is or may in the future be liable, in his
capacity as borrower, principal, account holder, guarantor or otherwise as customer of the Bank.
Such other obligation must have arisen before the borrower’s obligations under this contract have
been met. The Bank shall determine in which order the obligations are to be settled out of the
proceeds of the pledge. However, account must be taken of the right of guarantors according to
section 22.
	 
	 	 	Property thus pledged shall not, however, by reason of the pledge, constitute security for the
borrower’s obligations on account of bills of exchange which have been discounted, or which may be
discounted at the Bank by a third party, unless they concern the renewal of bills, or have
otherwise replaced bills originally discounted by the borrower. Neither shall the property thus
pledged secure any other claims on the borrower which the Bank has acquired or may acquire from a
third party.
	 
	15.	 	Yield on property pledged
	 
	 	 	Yield and all other rights based on the pledge are also covered by the pledging and constitute a
pledge. Thus, the pledging of shares, for example, includes the right of the Bank to participate in
bonus issues, new issues and other issues for which the shares qualify. As stated in section 16,
the Bank is, however, not liable for ensuring that such rights are safeguarded. Where this
nevertheless occurs, the Bank is accountable to the pledger.
	 
	16.	 	Safeguard by the Bank of the pledge
	 
	 	 	The Bank has a duty to take good care of the pledge.

Where appropriate, the Bank shall renew
limitation periods and lodge proof of claim in case of summons of unknown creditors and also in
bankruptcies, where the pledger so requests after commencement of the bankruptcy. Where
announcement has been made regarding the cancellation of a pledged document, the Bank shall give
notice that it holds the document. However, the Bank is not obliged to take any of these measures
regarding certificates of claim consisting of coupons or which are intended for the open market,
such as bonds, or to which Swedish law does not apply.
	 
	 	 	The Bank is not obliged to maintain personal liability for payment in respect of mortgaged
instruments of debt.
	 
	 	 	The Bank’s safeguard of the pledge does not extend beyond what has been stated above. Thus the Bank
is not, for example, as far as securities are concerned, obliged to collect dividends and interest
or observe the pledger’s rights in connection with issues, exchanges of shares, conversions,
distributions of net assets, etc.
	 
	17.	 	How a pledge may be utilised by the Bank
	 
	 	 	The Bank may utilise a pledge as the Bank deems fit. In this respect, the Bank shall proceed with
care and, where possible and if in the opinion of the Bank it can be accomplished without prejudice
to the Bank, notify the
pledger to this effect in advance.
	 
	 	 	When applying the above, a financial instrument can be sold in a different way than on a market
where the instrument is registered or is normally traded.
	 
	 	 	If the pledge consists of funds deposited in an account with the Bank, the Bank may immediately
debit the account in reimbursement of the amount due, without informing the pledger in advance.
	 
	 	 	Should the pledge consist of an instrument of debt for which the pledger is liable personally or
with certain property, the instrument is, with respect to the pledger, due for payment on demand,
regardless of the due date stipulated in the instrument.
	 
	18.	 	The Bank’s right to sign on behalf of the pledger
	 
	 	 	Through his pledging, the pledger authorises the Bank, or anyone appointed by the Bank, to sign on
behalf of the pledger, where this is necessary in order to safeguard the Bank’s right of pledge.
This authorisation may not be revoked as long as the pledging is in force.
	 
	19.	 	Release of pledge
	 
	 	 	The Bank may release pledges without being bound to observe any right to the pledge which may
accrue to a guarantor who has made payment to a party other than the Bank by virtue of his
guarantee.
	 
	20.	 	Transfer of unpledged deeds of mortgage
	 
	 	 	When the Bank no longer holds the pledge and has not been informed of a new pledge-holder or
received a request that a written deed of mortgage shall be issued, the Bank is entitled to
transfer an electronic deed of mortgage to the National Land Survey’s register of mortgages for
which no other mortgage-holder is registered, known as the Public Archive.
	 
	21.	 	Payment by the guarantor
	 
	 	 	If a guarantor makes payment to the Bank on account of his guarantee, he shall specifically notify
the Bank that he is paying in his capacity as guarantor and request that this fact be noted by the
Bank.
	 
	22.	 	Guarantor’s right to pledges
	 
	 	 	If a guarantee has been signed on this contract, the following shall apply with regard to the
guarantor’s right to pledges in this contract by the borrower alone or jointly with another:
	 
	 	 	The pledge shall constitute security for the guarantor’s claim for recourse against the borrower to
the extent that it is not utilised by the Bank for the borrower’s obligations under this contract.
When the pledge constitutes security for the right of recourse of several guarantors, they shall
have rights to the pledge in proportion to the right of recourse of each of them, unless they agree
otherwise.
	 
	 	 	In relation to the Bank, a guarantor is not entitled to any other property which has been pledged
to the Bank by the borrower or another party.
	 
	 	 	The Bank may release yield from the pledge which is not required for payment of amounts due under
this contract, without thereby reducing the liability of any guarantor.
	 
	23.	 	How the pledge may be utilised for a guarantor’s right of recourse
	 
	 	 	Where a guarantor has made payment to the Bank by virtue of his guarantee, he may exercise his
right to a pledge under section 22 only when the Bank has received payment in full for its claim
under this contract. If the guarantor wishes to exercise this right, the Bank is entitled to choose
between releasing the pledge to the guarantor or utilising the pledge on behalf of the guarantor.
Section 17 shall apply in this connection.
	 
	24.	 	Property pledged by a party other than the borrower
	 
	 	 	Property pledged on this contract by a party other than the borrower shall constitute security only
for the borrower’s obligations under this contract, unless otherwise agreed.
	 
	 	 	Without any reduction of the Bank’s right to property which a party other than the borrower has
pledged on this contract, the Bank is entitled to release property pledged by the borrower or any
other party, which has not been pledged on this contract, as well as the yield on such property.
The Bank is also entitled to release the yield on property pledged on this contract by the

 

 

			
	Handelsbanken
	 	Page 3 of 3

	 	 	borrower or any other party, if the yield is due for payment but is not required to cover interest
or costs due under the contract.
	 
	25.	 	Cancellation of the contract
	 
	 	 	The contract will be cancelled one month after the overdraft has been repaid in full, unless the
borrower has asked in advance for it to be returned.
	 
	26.	 	Insurance
	 
	 	 	Property which constitutes security for the Bank’s claim shall be satisfactorily insured.
	 
	 	 	If the borrower fails to show proof that insurance as prescribed above is in force, the Bank shall
be entitled to arrange for such insurance at the borrower’s expense.
	 
	27.	 	Processing of personal data
	 
	 	 	Personal data submitted in connection with a credit application or otherwise registered in
connection with processing or administration of this credit will be subject to such processing in
computer systems at the Bank as required by the credit agreement. This includes information about
contacts between the borrower and the Bank.
	 
	 	 	This promissory note contains special information on the processing of data for credit references.
	 
	 	 	The personal data is also used for marketing and customer research, business and methods
development and risk management in the Handelsbanken Group. Risk management also involves
processing information on the borrower and loans to assess the quality of loans for purposes of
capital adequacy.
	 
	 	 	The personal data is also used for marketing purposes, unless the borrower has requested a block on
direct advertising from the Bank. The processing of personal data can — within the framework of
current bank confidentiality regulations — take place with other Group companies and other
companies with whom the Bank collaborates in its operations.
	 
	 	 	If the borrower requires information about the personal data about him/her which is being processed
by the Bank, the borrower can request this in writing from his/her branch of the Bank. Requests to
correct incomplete or incorrect personal data can be made at the Bank branch or sent to
Handelsbanken, Central auditing department, SE-106 70 Stockholm, Sweden. The above statements
regarding borrowers also apply to guarantors, if any, or pledgers other than the borrower.
	 
	28.	 	Notices, etc.
	 
	 	 	The borrower, guarantors and pledgers shall notify the Bank of any changes of address, telephone
number or fax number. Registered letters regarding the overdraft facility which the Bank has
forwarded to any of the parties mentioned above shall be deemed to have reached the addressee not
later than on the seventh day after despatch if the letter has been sent to the address which is
known to the Bank.
	 
	 	 	Notices sent by fax shall be deemed to have reached the addressee no later than the next business
day if the fax message was sent to a number which the addressee has submitted to the Bank. A
business day is a day other than a Sunday, public holiday, Saturday, Midsummer’s Eve, Christmas Eve
or New Year’s Eve.
	 
	 	 	These provisions do not apply to notices renewing periods of limitation.
	 
	29.	 	Limitation of the Bank’s liability
	 
	 	 	The Bank shall not be held responsible for any loss or damage resulting from a legal enactment
(Swedish or foreign), the intervention of a public authority (Swedish or foreign), an act of war, a
strike, a blockade, a boycott, a lockout or any other similar circumstance. The reservation in
respect of strikes, blockades, boycotts and lockouts applies even if the Bank itself is subjected
to such measures or takes such measures.
	 
	 	 	Any damage which occurs in other circumstances shall not be compensated by the Bank, provided the
Bank has exercised normal standards of care. The Bank shall in no case be liable for indirect
damage.
	 
	 	 	Where a circumstance as referred to in the first paragraph should prevent the Bank from making a
payment or taking other measures, such payment or measures may be postponed until the obstacle no
longer exists. In the event of a postponement of payment the Bank shall, if it is committed to pay
interest, pay such interest at the interest rate prevailing on the due date for the postponed
payment. Where the Bank is not committed to pay interest, the Bank shall not be obliged to pay
interest at a higher rate than the prevailing reference rate of Sveriges Riks-bank pursuant to the
Section 9 of the Interest Act (1975:635), plus two percentage points. Where a circumstance as
referred to in the first paragraph should prevent the Bank from receiving payments, the Bank shall,
as long as the obstacle exists, be entitled to interest only on the terms prevailing on the due
date of the payment.exv10w68w1

Exhibit 10.68.1

Subscription No.                     

THE SHARES OF PREFERRED STOCK OFFERED HEREBY ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND
RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.
INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT
FOR AN INDEFINITE PERIOD OF TIME. IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR
OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS
INVOLVED. THE SHARES OF PREFERRED STOCK OFFERED HEREBY HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR
STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE
NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT OR ANY OTHER DOCUMENT
DELIVERED HEREWITH. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

DRI CORPORATION

SUBSCRIPTION AGREEMENT

(the “Subscription Agreement”)

To be completed by Investors

     If and when accepted by DRI Corporation, a North Carolina corporation (the “Company”), and the
issuer of Series K Senior Convertible Preferred Stock (the “Series K Preferred Stock”), this
Subscription Agreement shall constitute a subscription for the number of shares of Preferred Stock
set forth herein. The Company is relying upon the accuracy and completeness of the information set
forth herein in complying with its obligation under applicable federal and state securities laws.

     The Preferred Stock being issued is Series K Senior Convertible Preferred Stock of the
Company. Each share has a preference upon a Liquidating Event. A Liquidation Event is defined in
the Company’s Articles of Incorporation to include any liquidation, dissolution or winding up of
the Company, either voluntary or involuntary. Upon a Liquidating Event, the holders of the Series
K Preferred Stock will be paid prior to any other currently outstanding equity holders Five
Thousand Dollars ($5,000) per share, plus all accrued but unpaid dividends. The Series K Preferred
Stock ranks prior and superior to the Series AAA Preferred Stock, the Series E Preferred Stock, the
Series G Preferred Stock, the Series H Preferred Stock and the Series

 

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J. Preferred Stock with respect to payments upon liquidation, dissolution and winding up.

     The holders of Series K Preferred Stock shall receive dividends, as and if declared by the
Board of Directors of the Company, consistent with applicable law, which shall accrue quarterly at
an annual rate of nine and one-half percent (9-1/2%). Dividends shall accrue as of December 15,
March 15, June 15, and September 15 of each year. Dividends shall be cumulative if not paid when
and as they accrue. The Series K Preferred Stock shall rank prior and superior to the Series AAA
Preferred Stock, the Series E Preferred Stock, the Series G Preferred Stock, the Series H Preferred
Stock and the Series J Preferred Stock with respect to the payment of dividends.

     The shares of Series K Preferred Stock may be converted by the shareholder at any time or from
time to time into fully paid and nonassessable shares (calculated as to each conversion to the
largest whole share) of Common Stock at a conversion price (the “Conversion Price”) that increases
periodically as follows: (i) during the period from October 7, 2009 to October 6, 2011, the
Conversion Price shall equal $1.75 per share; (ii) during the period from October 7, 2011 to
October 6, 2013, the Conversion Price shall equal $2.25 per share; and (iii) on or after October 7,
2013, the Conversion Price shall equal $3.00 per share. Further, if the closing bid price for the
Common Stock on The Nasdaq Stock Market (or other exchange or market on which the Common Stock may
from time to time be traded) for any period of twenty (20) consecutive trading days exceeds the
following, then all outstanding shares of Series K Preferred Stock shall automatically convert:
(i) during the period from the Commencement Date through October 6, 2011, $4.00 per share; (ii)
during the period from October 7, 2011 through October 6, 2013, $4.75 per share; and (iii) on or
after October 7, 2013, $5.50 per share. Upon the occurrence of the above, the outstanding shares
of Series K Preferred Stock, at the close of the market on the last trading day in such period,
shall convert into a number of fully paid and nonassessable shares (calculated to the largest whole
share) of Common Stock determined by multiplying the number of shares of Series K Preferred Stock
then outstanding by a fraction, the numerator of which is the Liquidation Preference of a share of
Series K Preferred Stock, plus an amount equal to accrued and unpaid dividends on such shares, if
any, and the denominator of which is the then applicable Conversion Price, provided that the resale
of the shares issuable upon conversion shall have been registered or shall be subject to available
exemption under applicable securities laws.

     In addition, the Company may redeem shares of its Series K Preferred Stock at any time in its
sole discretion for an amount

 

3

equal to Five Thousand Dollars ($5,000) per share, plus all accrued but unpaid dividends. The
shareholder can always elect conversion as an alternative to redemption.

     Please read, complete, sign, date and deliver a completed Subscription Agreement with two (2)
copies of the Subscription Agreement signature page to DRI Corporation, 13760 Noel Road, Suite 830,
Dallas, TX 75240.

     Each subscriber hereto must complete this Subscription Agreement and the appendices hereto.

 

4

PART I — SUBSCRIPTION

1. METHOD OF SUBSCRIPTION: The undersigned, intending to be legally bound, hereby
irrevocably subscribes for and agrees to purchase the number of shares of Series K Preferred Stock
set forth below for a subscription price of $5,000 per share (the “Shares”) and to become a
stockholder of the Company on the terms and conditions described herein. A minimum total
investment of $50,000 shall be required by the Company unless waived by management because of a
strategic investment.

Before a subscription for Shares will be accepted, the following must be completed, executed and
returned to the Company.

     a. This Subscription Agreement with signature page executed in duplicate.

     b. Check or wire made payable to “DRI Corporation” in the amount of $5,000 for each share of
Series K Preferred Stock subscribed.

The undersigned agrees that this subscription is and shall be irrevocable, but the obligations
hereunder will terminate if this subscription is not accepted by the Company within fifteen (15)
days of receipt of monies from the Investors.

2. ACCEPTANCE BY THE COMPANY: Investor hereby acknowledges (i) that this subscription
shall not be deemed to have been accepted by the Company until the Company indicates its acceptance
by returning to Investor an executed copy of this subscription, and (ii) that acceptance by the
Company of this subscription is conditioned upon the information and representations of Investor
hereunder being complete, true and correct as of the date of this subscription and as of the date
of closing of sale of the shares to Investor.

3. RISKS OF INVESTMENT: The undersigned is aware that:

     a. There are substantial risks incident to the ownership of Shares.

     b. The Investor has been furnished and read the Company’s most recent public filings
(inclusive of risk considerations therein) and independent research reports as well as any
corporate documents

 

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requested by the Investor. Further, the Investor has been afforded the opportunity to ask
questions of, and receive answers from the Company’s management. The Investor has not
received any oral or written representations in connection with this offering by the Company, its
officers, directors, or agents not contained in the business plan or legal documents.

     c. There are substantial risks of loss of investment incident to the purchase of the Series
K Preferred Stock, and the Investor must be capable of and prepared to lose all amounts invested in
the Series K Preferred Stock.

     d. The Company’s objectives contain projections that are hypothetical and based upon a
number of assumption and forward looking statements many of which are speculative; projections do
not and cannot take into account such factors as general economic conditions, the introduction of
new and better technologies, the entry into the Company’s line of business of competitors, the
terms and conditions of future financing of the Company, and other risks inherent to the business
of the Company; while management believes that the projections considered for its objectives and
business plan reflect possible future results of the Company’s operations, such results cannot be
guaranteed; further, Investors understand and are prepared for the substantial economic risks
involved in the purchase of the preferred shares, including the total loss of their investment.

     e. The Company is highly dependent on the services of its management team and the loss of
any of these individuals’ services for whatever reason could have a material adverse effect on the
Company. Further, the recruitment and retention of executives, qualified managers and appropriate
support personnel will be critical to the achievement of the Company’s objectives. There can be no
assurances the Company will be able to attract or retain qualified personnel on acceptable terms.

     f. No federal or state agency has passed upon the Series K Preferred Stock or made any
finding or determination concerning the merits or fairness of this investment.

     g. No promises or inducements have been made that the Company shall be successful in its
operations in the future.

4. INDEPENDENT TAX ADVICE: The undersigned acknowledges that he has been advised to
consult his own attorneys and advisors concerning

 

6

this investment and to consult with an independent tax counsel regarding the tax consequences of
making such an investment.

5. LIMITATION ON TRANSFER OF SHARES: The undersigned recognizes and agrees that:

     a. Due to restrictions described below, the lack of any market existing or likely to exist
for the Shares, and the adverse tax consequences in the event he should sell his Shares, his
investment in the Company will be highly illiquid and, most likely, must be held indefinitely.

     b. The undersigned represents that the Shares are being acquired without a view to, or for,
resale in connection with any distribution of the Shares or interests therein without registration
or compliance under the Securities Act of 1933, as amended (the “Act”), and applicable state
securities laws, and that the undersigned has no direct or indirect participation in any such
distribution or in the underwriting of such a distribution. The undersigned understands that the
Shares have not been registered, and are being acquired by means of a specific exemption under the
Act, as well as certain state statutes for transactions by an issuer not involving any public sale
of securities, and that any disposition of the Shares may, under certain circumstances, be
inconsistent with this exemption and make the undersigned an “underwriter” within the meaning of
the Act. Accordingly, the undersigned must bear the economic risk of investment in the Shares for
an indefinite period of time, since the Shares have not been registered under the Act, and
therefore, the Shares cannot be offered, sold, transferred, pledged or hypothecated to any person
unless they are either subsequently registered under said Act (which is not anticipated) or an
exemption from such registration is available and the Company is provided a favorable opinion of
counsel to that effect which is satisfactory to it. Further, the undersigned may not resell,
hypothecate, transfer, assign or make any other disposition of said Shares except in a transaction
exempt or excepted from the registration requirements of the securities laws of the state in which
the Shares are offered and sold, and that the specific approval of such sales is required in some
states.

6. REPRESENTATIONS OF THE SUBSCRIBER.

     a. The undersigned represents and warrants to the Company as follows:

 

7

     (i) that he is the sole and true party in interest and that he is not purchasing for
the benefit of any other person (or that he is purchasing for another person who meets all
of the conditions set forth herein); and

     (ii) that he (and his purchaser representative, if such a purchaser representative is
utilized by him) has (have) such knowledge and experience in financial and business matters
that he is (they are) capable of evaluating the merits and the risks of this investment.

     b. The undersigned understands the risks of, and other considerations relating to, the
purchase of Shares.

     c. The undersigned is acquiring the Shares for which he hereby subscribes for his own
account, as principal, for investment purposes only and not with a view to, or for, subdivision,
resale, distribution or fractionalization thereof in whole or in part, or for the account, in whole
or in part, of others, and no other person has a direct or indirect beneficial interest in such
Shares; further, the undersigned will hold the Shares as an investment and has no present
intention, agreement or arrangement to divide his participation with others or to resell, assign,
transfer or otherwise dispose of all or any part of the Shares subscribed for unless and until he
determines, at some future date, that changed circumstances, not in contemplation at the time of
this purchase, makes such disposition advisable.

     d. The undersigned has the financial ability to bear the economic risk of his investment, and
has adequate means for providing for his current needs and personal contingencies and has no need
for liquidity with respect to his investment in the shares.

     e. All of the information which is set forth below with respect to the undersigned is correct
and complete as of the date hereof, and if there should be any material change in such information
prior to the acceptance of this subscription by the Company, the undersigned will immediately
furnish the revised or corrected information to the Company.

     f. The undersigned has not been furnished any oral representation, warranty or information in
connection with the offering of the Shares by the Company or any of its officers, employees,
agents, affiliates or subsidiaries.

     g. The undersigned acknowledges that neither the United States Securities and Exchange
Commission nor the securities commissioner of

 

8

any state has made any determination as to the merits of a purchase of the Shares.

     h. The undersigned was at no time solicited by any leaflet, public promotional meeting,
circular, newspaper or magazine article, radio or television advertisement, or any other form of
general advertising or solicitation in connection with the offer, sale, or purchase of the
securities through this Agreement.

     i. The undersigned acknowledges that this Agreement may be accepted or rejected in whole or
in part by the Company and that, to the extent that the subscription may be rejected, the
accompanying subscription payment will be refunded.

     j. If the Investor is a corporation, partnership, limited liability company, trust, estate or
other entity, (i) it is duly organized, validly existing and in good standing under the laws of its
jurisdiction of organization and (ii) the execution, delivery and performance by it of this
Agreement are within its powers, have been duly authorized by all necessary action on its behalf
and require no action by or in respect of, or filing with, any governmental body, agency or
official and do not contravene, or constitute a default under any provision of applicable law or
regulation or of its certificate of incorporation or other comparable organizational documents or
any agreement, judgment, injunction, order, decree or other instrument binding upon it.

     k. If the Investor is a natural person, the execution, delivery and performance by such person
of this Agreement are within such person’s legal right and power, require no action by or in
respect of, or filing with, any governmental body, agency, or official and do not contravene, or
constitute a default under, any provision of applicable law or regulation or of any agreement,
judgment, injunction, order, decree or other instrument binding upon such person.

     l. The Investor is an “accredited investor” within the meaning of Rule 501 under the
Securities Act of 1933, as amended. See Investor Suitability Requirements attached for
reference to this representation of the Subscriber.

7. AGREEMENT TO BE BOUND BY TERMS AND CONDITIONS: The undersigned hereby adopts, accepts
and agrees to be bound by all of the terms and conditions of the offering and by all the terms and
conditions of this Subscription Agreement. Upon acceptance of this Subscription

 

9

Agreement by the Company the undersigned shall become a stockholder of the Company.

8. REPRESENTATIONS AS TO INVESTMENT EXPERIENCE: The undersigned further hereby represents
that he has such knowledge and experience in business and financial matters as to be capable of
evaluating the Company and the proposed activities thereof, the risks and merits of investment in
the Shares and of making an informed investment decision thereon or the undersigned is relying in
making the investment on the advice of a purchaser representative.

9. INDEMNITY OF COMPANY: The undersigned hereby agrees to indemnify the Company and any
person participating in the offering and hold them harmless from and against any and all liability,
damage, cost or expense (including, but not limited to, reasonable attorney’s fees) incurred on
account of or arising out of:

     a. Any inaccuracy in the declarations, representations and warranties set forth herein;

     b. The disposition of any of the Shares which he will receive, contrary to his foregoing
declarations, representations and warranties; and

     c. Any action, suit or proceeding based upon (i) the claim that said declarations,
representations, or warranties were inaccurate or misleading or otherwise cause for obtaining
damages or redress from the Company; or (ii) the disposition of any of the Shares or any part
thereof.

10. SETOFF: Notwithstanding the provisions of the last preceding section or the
enforceability thereof, the undersigned hereby grants to the Company the right of setoff against an
amount payable by the Company to the undersigned, for whatever reason, of any and all damages,
costs or expenses (including, but not limited to, reasonable attorney’s fees) which are incurred by
the Company on account of or arising out of any items referred to in the last preceding section.

11. MISCELLANEOUS: The undersigned further understands and acknowledges that:

     a. This Subscription Agreement is not transferable or assignable by the undersigned;

 

10

     b. If the undersigned is more than one person, the obligations of the undersigned shall be
joint and several and the representations and warranties herein contained shall be deemed to be
made by and be binding upon each such person and his heirs, executors, administrators, successors
and assigns;

     c. The subscription, upon acceptance by the Company, shall be binding upon the heirs,
executors, administrators, successors and assigns of the undersigned;

     d. This Subscription Agreement constitutes the entire agreement between the parties regarding
the subject matter hereof;

     e. Captions in this Subscription Agreement are for the convenience of reference only and
shall not limit or otherwise affect the interpretation or effect of any term or provision hereof;

     f. This Subscription Agreement shall be construed and governed under the laws of the State of
North Carolina; and

     g. Notwithstanding any of the representations, warranties, acknowledgments or agreements made
herein by the undersigned, the undersigned does not waive any rights granted to the undersigned
under applicable federal and state securities laws.

     IN WITNESS WHEREOF, the undersigned has completed this Subscription Agreement to evidence his
subscription to the Company pursuant to the terms hereof this       day of                     , 2009.

Number of shares of Series K Preferred Stock:                          

	 	 	 	 	 
	 
	 

	 	 	 	 
	Subscriber #1 Signature (*)

	 	Subscriber #2 Signature (**)
	 	
	 
	 
	 	 	 	 
	 

	 	 	 	 
	Print or Type Name

	 	Print or Type Name	 	 
	 
	 
	 	 	 	 
	 

	 	 	 	 
	Address

	 	Address	 	 
	 
	 
	 	 	 	 
	 

	 	 	 	 
	Address

	 	Address	 	 
	 
	 
	 	 	 	 
	 

	 	 	 	 
	Social Security Number/EIN

	 	Social Security Number/EIN	 	 

 

11

 

			
	(*)	 	If a partnership, corporation or other qualified association, the signature should be in the
name of such entity followed by the authorized signature and title of the signatory.
	 
	(**)	 	Second signature required for any joint investment.

     The Company has accepted this subscription in the amount of $                     this the       day
of                     , 2009, for                      shares of Series K Preferred Stock of DRI Corporation.

	 	 	 	 	 
	 	DRI CORPORATION

 	 
	 	By  	 	 
	 	 	President 	 
	 	 	 	 

 

12

	 	 	 	 	 

INVESTOR SUITABILITY REQUIREMENTS

This offering is made in reliance upon an exemption from registration under the Securities Act of
1933, as amended (the “Act”). The speculative nature of the success of the Company’s business,
together with the lack of liquidity of the preferred stock being offered, makes the purchase of the
preferred stock suitable only for investors who have adequate financial resources and who can
afford the total loss of their investment.

The suitability standards set forth below represent minimum suitability standards for prospective
investors. The satisfaction of such standards by a prospective investor does not necessarily mean
that the preferred stock being offered is a suitable investment for such prospective investor.
Prospective investors are encouraged to consult their personal financial advisors to determine
whether an investment in the preferred stock being offered is appropriate. The Company, at its
absolute discretion, may reject subscriptions, in whole or in part.

By signing the Subscription Agreement each investor represents in writing, among other things,
that: (i) by reason of the investor’s financial or business experience, or the investor’s financial
advisor, the investor has the capacity of evaluating the merits and risks of an investment in the
preferred stock and of protecting his/her own interests in connection with the transaction; (ii)
the investor is acquiring the preferred stock for his/her own account, for investment only and not
with a view toward the resale or distribution thereof, and that the investor is aware that the
preferred stock has not been registered under the Act and that the transfer of the preferred stock
is restricted by the Act, applicable state securities laws, the Subscription Agreement to be
entered into in connection with the purchase of the preferred stock and the absence of a market for
the preferred stock; and (iii) the investor meets the suitability requirements set forth below.

Each investor by singing the Subscription Agreement represents that such investor is qualified to
invest in the preferred stock. To be qualified, the investor must fall within any of the following
categories at the time of the offering for sale of preferred stock to that investor.

Accredited Investors:

	1.	 	Be a director or executive officer of the Company.

 

13

	2.	 	Be a natural person whose individual net worth or joint net worth, with that of the person’s
spouse, at the time of purchase exceeds $1,000,000.
	 
	3.	 	Be a natural person who had an individual income in excess of $200,000 in each of the two
most recent years or joint income with that person’s spouse in excess of $300,000 in each of
those years and has a reasonable expectation of reaching the same income level in the current
year (the year in which the purchase is made).
	 
	4.	 	Be an organization described in Section 501(c)(3) of the Internal Revenue Code, corporation,
Massachusetts or similar business trust, or partnership, not formed for the specific purpose
of acquiring the securities offered, with total assets in excess of $5,000,000.
	 
	5.	 	Be a bank as defined in Section 3(a)(2) of the Act, or a savings and loan association or
other institution as defined in Section 3(a)(5)(A) of the Act whether acting in its individual
or fiduciary capacity; a broker or dealer registered under the Securities Exchange Act of
1934; an insurance company as defined in Section 2(a)(13) of the Act; an investment company
registered under the Investment Company Act of 1940 or a business development company as
defined in Section 2(a)(48) of the Investment Company Act of 1940; a Small Business Investment
Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the
Small Business Investment Act of 1958; any employee benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974 if the investment decision is made by a plan
fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan
association, insurance company, or registered investment adviser, or if the employee benefit
plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment
decisions made solely by persons that are accredited investors.
	 
	6.	 	Be a “private business development Company” as defined in Section 202(a)(22) of the
Investment Advisors Act of 1940.
	 
	7.	 	Be an entity in which all of the equity owners are accredited investors.
	 
	8.	 	Be a trust, with total assets in excess of $5,000,000 not formed for the specific purpose of
acquiring the securities offered,

 

14

	 	 	whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii)
under the Act.

INVESTORS MUST BE ABLE TO BEAR THE ECONOMIC RISK OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF
TIME. THE PREFERRED STOCK HAS NOT BEEN REGISTERED UNDER THE ACT, AND THE PREFERRED STOCK CANNOT BE
SOLD UNLESS IT IS SUBSEQUENTLY REGISTERED THEREUNDER OR AN EXEMPTION FROM REGISTRATION IS
AVAILABLE.

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