Document:

Exhibit 10.19

XPLORE TECHNOLOGIES CORP.

 2009 STOCK INCENTIVE PLAN

NOTICE OF RESTRICTED STOCK UNIT GRANT

You have been granted the following Option to purchase Common Stock of XPLORE TECHNOLOGIES CORP. (the “Corporation”) under the Corporation’s 2009 Stock Incentive Plan, as amended to date (the “Plan”):

	
Name of Recipient:

	 
	
Total Number of Restricted Stock Units:

	 
	
Grant Date:

	 
	
Vesting Commencement Date:

	 
	
Vesting Schedule:

	 

By your signature and the signature of the Corporation’s representative below, you and the Corporation agree that these Restricted Stock Units are granted under and governed by the terms and conditions of the Plan and the Restricted Stock Unit Agreement (the “Agreement”), both of which are attached to and made a part of this document.

By signing this document, you further agree that the Corporation may deliver by e-mail all documents relating to the Plan or this Award (including without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Corporation is required to deliver to its security holders (including, without limitation, annual reports and proxy statements).  You also agree that the Corporation may deliver these documents by posting them on a website maintained by the Corporation or by a third party under contract with the Corporation.  If the Corporation posts these documents on a website, it will notify you by e-mail.

	
RECIPIENT:

	
XPLORE TECHNOLOGIES CORP.

	 	 
	 	 
	 	 	
By:

	 
	
Recipient’s Signature

	 
	 	 
	 	 	
Title:

	
President

	
Recipient’s Printed Name

	 

XPLORE TECHNOLOGIES CORP.

 2009 STOCK INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

	
Vesting

	
The Restricted Stock Units represented by this Agreement vests in installments, as shown in the Notice of Restricted Stock Unit Grant.  The Restricted Stock Units represented by this Agreement will in no event vest after your Service as an Employee, Director or Consultant has terminated for any reason.

	
Issuance of Shares

	
Upon each date on which Restricted Stock Units vest, one Share shall be issued for each Restricted Stock Unit that vests on such date, subject to the terms and provisions of the Plan and this Agreement.  The Corporation shall not be required to issue any Shares hereunder so long as the Corporation reasonably anticipates that such issuance will violate Federal securities law, foreign securities law or other applicable law; provided however, that in such event the Corporation shall issue such Shares at the earliest possible date at which the Corporation reasonably anticipates that the issuance of the Shares will not cause such violation.

	
Termination

	
If your Service terminates for any reason except death or “Total and Permanent Disability” (as defined below), then your Restricted Stock Units that have not vested will be forfeited and cancelled automatically at the time of the termination of Service.  The Corporation determines when your Service terminates for this purpose and all purposes under the Plan and its determinations are conclusive and binding on all persons.

	
Death

	
If your Service terminates because of death, then your Restricted Stock Units shall automatically and with no exercise of discretion by the Corporation become fully vested, and shall be settled, on the date of death.  [Notwithstanding the previous sentence, if in the event that within one year of the date of this Agreement, you die, your Restricted Stock Units shall immediately thereupon terminate.]

	
Disability

	
If your Service terminates because of your Total and Permanent Disability, then your Restricted Stock Units shall automatically and with no exercise of discretion by the Corporation become fully vested, and shall be settled, on the date of Total and Permanent Disability.

	 	
“Total and Permanent Disability” means you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as determined by the Corporation.

	
Leaves of Absence

	
For purposes of this Agreement, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Corporation in writing and if continued crediting of Service is required by the terms of the leave or by applicable law.  But your Service terminates when the approved leave ends, unless you immediately return to Service.

	 	
If you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock Unit Grant may be adjusted in accordance with the Corporation’s leave of absence policy or the terms of your leave.  If you commence working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Unit Grant may be adjusted in accordance with the Corporation’s part-time work policy or the terms of an agreement between you and the Corporation pertaining to your part-time schedule.

Xplore Technologies Corp.

Restricted stock unit Agreement

-1-

 

 

	
Obligation to Pay

	
Unless and until a Restricted Stock Unit has vested in accordance with the terms hereof, you will have no right to payment of a Share with respect to the Restricted Stock Unit.  Prior to actual payment of any Shares pursuant to vested Restricted Stock Units, each Restricted Stock Unit represents an unsecured obligation of the Corporation, payable (if at all) only from the general assets of the Corporation.  No Shares shall be issued until after the Restricted Stock Units have vested in accordance with the terms hereof and shall be issued in accordance with the settlement terms hereof.  Notwithstanding Section 10(b) of the Plan, the Restricted Stock Units will only be settled, if at all, in Shares, provided that to the extent a fractional Share is earned, the number of Shares paid shall be rounded down to the nearest whole number and no fractional Share shall be issued.

	
Withholding Taxes and Stock Withholding

	
You will not be issued Shares upon vesting of Restricted Stock Units unless you make arrangements acceptable to the Corporation to pay any withholding taxes that may be due as a result of this Award or the issuance of the Shares.  You also authorize the Corporation, or your actual employer, to satisfy all withholding obligations of the Corporation or your actual employer from your wages or other cash compensation payable to you by the Corporation or your actual employer.

	
Restrictions on Resale

	
You agree not to sell any Shares at a time when applicable laws, Corporation policies or an agreement between the Corporation and its underwriters prohibit a sale.  This restriction will apply as long as your Service continues and for such period of time after the termination of your Service as the Corporation may specify.

	
Retention Rights

	
Neither your Restricted Stock Units nor this Agreement gives you the right to be employed or retained by the Corporation or a subsidiary of the Corporation in any capacity. The Corporation and its subsidiaries reserve the right to terminate your Service at any time, with or without cause.

	
Stockholder Rights

	
Neither you nor your estate or heirs will have any of the rights or privileges of a stockholder of the Corporation in respect of any Restricted Stock Unit Award unless and until Shares have been issued in accordance with this Agreement, recorded on the records of the Corporation or its transfer agents or registrars, and delivered to you.  After such issuance, recordation, and delivery, you will have all the rights of a stockholder of the Corporation with respect to voting such Shares and receipt of dividends and distributions on such Shares.

	
Adjustments

	
In the event of a stock split, a stock dividend or a similar change in Shares, the number of Shares issuable in respect of any Restricted Stock Unit shall be adjusted pursuant to the Plan.

 

Xplore Technologies Corp.

Restricted stock unit Agreement

-2-

 

	
Successors and Assigns

	
The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by, the Corporation’s successors and assigns.  Your rights and obligations under this Agreement may only be assigned with the prior written consent of the Corporation.

	
Notice

	
Any notice required or permitted under this Agreement shall be given in writing and shall be deemed effectively given upon the earliest of personal delivery, receipt or the third full day following mailing with postage and fees prepaid, addressed to the other party hereto at the address last known in the Corporation’s records or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.

	
Applicable Law

	
This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions).

	
The Plan and Other Agreements

	
The text of the Plan is incorporated in this Agreement by reference. In the event of any inconsistency between the Plan and this Agreement, the Plan shall govern. All capitalized terms in the Agreement shall have the meanings assigned to them in the Plan. This Agreement and the Plan constitute the entire understanding between you and the Corporation regarding the Restricted Stock Units. Any prior agreements, commitments or negotiations concerning the Restricted Stock Units are superseded. This Agreement may be amended only by another written agreement, signed by both parties.

BY SIGNING THE NOTICE OF RESTRICTED STOCK UNIT GRANT

ATTACHED TO THIS AGREEMENT,

YOU AGREE TO ALL OF THE TERMS AND CONDITIONS

DESCRIBED ABOVE AND IN THE PLAN

 

Xplore Technologies Corp.

Restricted stock unit Agreement

-3-EX-10.8

 Exhibit 10.8 

Service Agreement 
 Client (Party A):
Jincheng Bank Co., Ltd, 
 Address: 1669 Wenchang West Street, Jincheng City, Shanxi Province 

Representative: [REDACTION]1 

Telephone: [REDACTION]2 

Service provider (Party B): Shanghai Cango Investment and Management Consultation Service Co., Ltd. 

Address: Room 2709, Qiangsheng Building, 145 Pujian Road, Pudong New Area, Shanghai 

Representative: [REDACTION]3 

Telephone: [REDACTION]4 
  

	I.	Purposes and Scope 

 Party A, with headquarter in Jincheng City, Shanxi Province, is a bank organized and
existing under the laws of China and approved by China Banking Regulatory Commission for its establishment. Its principal business is commercial banking which mainly includes corporate banking, retail banking and capital operation. Party B, a
service provider in automotive finance business with years of experience, has a comprehensive information system, operation procedure, marketing strategy and experienced practitioners in automotive finance sector. 

Given the business needs, Party A will commence automotive finance business in China with its internal team. For the purpose of completing national landscape
and business expansion in the country, Party A assigns Party B to provide supporting business relevant to automotive finance, including the selection of loan application materials from customers, execution of agreement and recording of the
execution, filing, handling and release of the security interest in the collateral, preparation of loan and security agreement, national delivery of the agreement (by mail), preparation of marketing materials and national delivery of the materials
(by mail), recording keeping before and after financing and mailing, leasing and maintenance of approval system, customer service system and recording system, collateral registration, acting as agent repossessing and disposing the collateral and
collecting of the repayment, etc. Party B accepts the assignment and will commence the works in accordance with the content below. 
  

 

	1 	Confidential treatment requested 

	2 	Confidential treatment requested 

	3 	Confidential treatment requested 

	4 	Confidential treatment requested 

  
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	II.	Responsibility of Party A 

  

	1.	Assistance to Party B in all works and provision of all information and support necessary for the works to Party B, including the original copy and notarial certificate necessary for filing of the security interest in
the collateral, sealed copy of documents necessary for processing and release of the security interest in the collateral, relevant certification and documents (if any) necessary for litigations, etc. 

 

	2.	Party A is entitled to the ultimate decision on all automotive loan applications from customers and will bear all corresponding risks including credit risk and overdue risk. 

 

	3.	In the process of providing relevant services to Party A: 

  

	 	a.	Party B will incur certain human and office resources for the interest of Party A and the customers approved by Party A such that certain amount of workload will be involved 

 

	 	b.	The workload and the required human and office resources incurred by Party B is highly correlated with the loan amount actually approved by Party A and the number of applications 

 

	 	c.	Party A will compensate Party A with certain amount of service fee (“Service Fee”) by referencing to the specific number, quality and types of loan applications from its internal team including but not limited
to the number of loan applications, loan amount, etc. Specific Service Fee and the way of distribution are subject to the specific agreement stated in the clause of Service Fee of this agreement. Party B agrees to receive the corresponding Service
Fee in accordance with this agreement and the relevant announcement by the finance company. 

  

	III.	Responsibility of Party B 

  

	1.	Party B is required to engage in the works related to the collateral of automotive finance for Party A, including: 

  

	 	a.	Assistance to Party A in security interest filing in all cities in China 

  

	 	b.	Assistance to Party A in providing the information necessary for security interest filing to all distributors 

  

	 	c.	Assistance to Party A in processing of automotive mortgage for customers who have completed the loan procedure in accordance with “Loan Service Menu” 

 

	 	d.	Assistance to Party A in releasing the security interest for customers who have repaid all the repayment 

  

	2.	Party B is required to assist Party A in selecting the application materials for loan from customers 

  

	 	a.	Party B should make initial evaluation of the materials for borrowings from customers based on the “Loan Service Menu” and the announcement of product description provided by Party A 

 

	 	b.	Party B should ensure and verify the materials for borrowings from selected customers complied with the relevant requirements of the “Loan Service Menu” 

  
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	3.	Party B should assist Party A in completing the execution of agreement with customers, recording and photo taking for the execution of agreement 

 

	4.	Party B should assist Party A in completing the copying of “Automotive Loan Contract” and “Automotive Security Contract” and distributing them nationwide in China by mail 

 

	5.	Party B should assist Party A in completing the preparation of marketing materials, distributing them in China by mail and decorating the exhibition hall 

 

	6.	Party B should assist Party A in completing the filing and recording keeping before and after the financing and mailing the original documents 

 

	7.	Party B should lease customized system for application approval, customer service, automotive GPS and loan collection for Party A 

  

	8.	Party B should provide system upgrade and maintenance for the leased systems for Party A 

  

	9.	Party B should act as an agent of Party A in repossessing and disposing the collateral and collecting of the repayment 

  

	10.	Party B should assist Party A in collecting the delinquent loan from customers via live phone calls 

  

	11.	Party B is required to engage in the online services to the distributors for Party A, including: 

  

	 	a.	assistance to employees of Party A in installing, testing and operating the system and office equipment; 

  

	 	b.	assistance to employees of Party A in operating the system, using the facilities and training the employees of various posts for the commencement of ordinary business. 

 

	12.	Party B will arrange certain amount of employees in each operation venue and they will be responsible for engaging in the relevant works as stated in this agreement. To ensure the employees above can accurately complete
the relevant services assigned by Party A on a timely manner, Party B should provide the necessary office space and office equipment, including but not limited to: 

 

	 	a.	Leased and exclusive conference rooms 

  

	 	b.	Computers, facsimile machines, printers and copiers 

  

	 	c.	Expenditure for system development, lease of servers of data centers and system maintenance 

  

	 	d.	Expenditure for materials and mailing of information 

  

	 	e.	Expenditure for telephone and information 

  

	 	f.	Expenditure for file management and storage 

  

	IV.	Service Fee 

  

	1.	Precedents of receiving Service Fee by Party B 

 To ensure Party B appropriately and effectively
fulfill the relevant obligations of this agreement, Party B shall arrange certain amount of employees in each operation venue and they will be responsible for engaging in the relevant works as stated in this agreement. To ensure the employees above
can accurately complete the relevant services assigned by Party A on a timely manner, Party B should provide the necessary office space and office equipment, including but not limited to: 

 

	 	a.	Leased and exclusive conference rooms 

  

	 	b.	Computers, facsimile machines, printers and copiers 

  
 3 

	 	c.	Expenditure for system development, lease of servers of data centers and system maintenance 

  

	 	d.	Expenditure for materials and mailing of information 

  

	 	e.	Expenditure for telephone and information 

  

	 	f.	Expenditure for file management and storage 

  

	2.	Service Fee to Party B 

  

	 	a.	The calculation of the Service Fee for each contract: the loan amount to the customer x [REDACTION]5% with a floor of [REDACTION]6. 

  

	 	b.	The Service Fee receivable by Party B every month shall be the sum of all loans to customers for the current month calculated at the formula above 

 

	3.	Payment of Service Fee 

  

	 	a.	Party A shall pay the Service Fee to Party B in 3 installments: 

  

	 	1)	[REDACTION]7% of Service Fee by the [REDACTION]8 month after the borrowing 

 

	 	2)	[REDACTION]9% of Service Fee by the [REDACTION]10 month after the borrowing 

 

	 	3)	[REDACTION]11% of Service Fee by the [REDACTION]12 month after the borrowing 

 

	 	4)	Settlement will be made on monthly basis. Both parties should verify the actual loan amount for the previous month and the amount payable by customers for the current month on the sixth day of each month (the next
working day in the event that that day is a holiday). Party B shall, after verification, issue an invoice for the advisory fee to Party A within 2 working days and Party A shall complete the payment within 2 working days after receiving the invoice.

  

	 	b.	The services provided by Party B involve all contents described in Clause 3 of this agreement 

  

	V.	Terms and Venue of this Agreement 

  

	1.	This agreement will become effective upon signing by both parties. 

  

	2.	The terms for cooperation is from the effective date of this agreement to December 31, 2018. 

  

	3.	After the expiry of the agreement, all terms of the agreement will be automatically terminated. Party B shall give written notice to Party A one month before the expiry of the agreement if Party B is interested in the
renewal of the agreement. If Party A agrees, both parties shall sign a service agreement again. 

  

	5 	Confidential treatment requested 

	6 	Confidential treatment requested 

	7 	Confidential treatment requested 

	8 	Confidential treatment requested 

	9 	Confidential treatment requested 

	10 	Confidential treatment requested 

	11 	Confidential treatment requested 

	12 	Confidential treatment requested 

  
 4 

	VI.	Amendment of Agreement 

 Any amendment and supplement of this agreement shall be agreed by both parties in
written format unless stated otherwise in this agreement. Any amendment and supplement of this agreement shall be enforceable as this agreement. 
  

	VII.	Confidentiality 

  

	1.	Save for the requirement by the laws and the provision or disclosure as required by administrative/judicial organizations, Party B shall maintain the confidentiality of the information in relation to automotive finance
provided by Party A, the customers of Party A, any joint borrowers and guarantors, including but not limited to the content of this agreement, the application procedure of loan, technology materials or information, information or document regarding
business or operation and other information and documents deemed to be commercial secrets by Party A. 

  

	2.	Save for the internal use by affiliates of Party A or the requirement by the laws and the provision or disclosure as required by administrative/judicial organizations, Party A shall maintain the confidentiality of
information in relation to automotive finance provided by Party B, the customers of Party A, any joint borrowers and guarantors, including but not limited to the content of this agreement, the application procedure of loan, financial information,
technology materials or information, information or document regarding business or operation and commercial secrets. 

  

	3.	Requirements by laws and regulations are excluded from confidentiality. 

  

	VIII.	Risk 

 Party A and Party B can reach an agreement to amend or cancel this agreement in the event of force
majeure or other causes not attributable to the fault of either party, resulting to the situation that Party B is unable to commence advisory services. 
  

	IX.	Liability of Default 

 Any party will be deemed as default in the event that it fails to fulfill the obligations
under this agreement (the “Default Party”). The other party is entitled to immediately terminate the cooperation and can require compensation for the economics loss so caused. 

 

	X.	Outstanding Issues, Amendment and Disagreement 

  

	1.	Both parties shall solve any outstanding issues and disagreement through friendly negotiation and can execute supplementary agreement which shall have the same legal effect. 

 

	2.	Both parties shall file the dispute to the People’s Court in the venue of the location of Party A for litigation in the event that Party A and Party B cannot settle the legal dispute arising from the content of
this agreement through friendly negotiation. 

  

	3.	Location of the execution of the agreement: the location of Party A. 

  
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	XI.	This agreement is in duplicate and will become effective by the signature and seal by Party A and Party B. Each party will keep a copy of it. 

 

			
	 Party A (seal): (seal)
 Signatory (signature):
/s/ Qinlin Jia
 Date: January 31, 2017
	  	 Party B (seal): (seal)
 Signatory (signature):
/s/ Xiaojun Zhang
 Date: January 31, 2017

  
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