Document:

FIRST AMENDMENT
TO LOAN AND SECURITY AGREEMENT dated as of July 15, 2013 (this “Amendment”) among BOOMERANG SYSTEMS,
INC., a corporation organized under the laws of the State of Delaware (“Holdings”), BOOMERANG SUB, INC.,
a corporation organized under the laws of the State of Delaware (“Boom Sub”), BOOMERANG USA CORP., a
corporation organized under the laws of the State of Delaware (“Boom USA”), and BOOMERANG MP HOLDINGS INC,
a corporation organized under the laws of the State of New Jersey (“Boom MP” and together with Holdings, Boom
Sub and Boom USA, the “Borrowers”, and each a “Borrower”), each existing Lender party hereto
and each other Person party hereto providing an Incremental Advance Commitment (collectively, the “Incremental Lenders”
and each individually an “Incremental Lender”) and PARKING SOURCE LLC, as agent for itself and the other
Lenders party to the Loan Agreement (as hereinafter defined) (in such capacity, the “Agent”).

 

WHEREAS, Borrowers,
Lenders and Agent entered into that certain Loan and Security Agreement dated as of June 6, 2013 (as amended, restated, supplemented
or otherwise modified from time to time, the “Loan Agreement”; capitalized terms used herein without definition
shall have the meaning set forth in the Loan Agreement); and

 

WHEREAS,  pursuant
to Section 2.10 of the Loan Agreement, Borrowers, Agent and the Incremental Lenders agree that this Amendment constitutes an Incremental
Advance Amendment and desire to enter into this Amendment for purposes of (i) making the Incremental Lenders Lenders under the
Loan Agreement with respect to their Incremental Advance Commitments pursuant to the terms and subject to the conditions of the
Loan Agreement, (ii) making the Incremental Advance Commitments of the Incremental Lenders set forth below their respective names
on the signature pages to this Amendment Commitments under, and entitling them to all the benefits afforded by, the Loan Agreement,
(iii) increasing the Maximum Advance Loan Amount by $3,025,000 (i.e., the sum of the Incremental Advance Commitments) to
$7,775,000 and (iv) adjusting the Commitment Percentage of each Lender to be as set forth on Schedule 1 attached hereto to give
effect to this Amendment, in each case effective the Effective Date (as defined below).

 

NOW, THEREFORE,
in consideration of the foregoing recitals and the mutual promises contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Section
1.          Amendment to Loan Agreement. Upon the Effective
Date, (a) each Incremental Lender constitutes a Lender under the Loan Agreement with respect to its Incremental Advance Commitment
pursuant to the terms and subject to the conditions of the Loan Agreement, (b) the Incremental Advance Commitments of the Incremental
Lenders set forth below their respective names on the signature pages to this Amendment constitute Commitments under, and are entitled
to all the benefits afforded by, the Loan Agreement, (c) the Commitment Amount and address for Notices of each such Incremental
Lender are as set forth below such Incremental Lender’s name on the signature page hereto, (d) the Maximum Advance Amount
shall be increased by $3,025,000 (i.e., the sum of the Incremental Advance Commitments) to $7,775,000 and (e) the Commitment
Percentage of each Lender shall be as set forth on Schedule 1 attached hereto to give effect to this Amendment.

 

    	 

    	 

    

 

Section
2.          Condition Precedent. This Amendment shall
become effective upon the date (such date, the “Effective Date”) the Agent receives this Amendment, duly executed
by Borrowers and the Incremental Lenders.

 

Section
3.          Representations and Warranties.  Each Borrower
hereby represents and warrants that (a) each of the representations and warranties made by any Borrower in or pursuant to the Loan
Agreement, the Other Documents and any related agreements to which it is a party, and each of the representations and warranties
contained in any certificate, document or financial or other statement furnished at any time under or in connection with the Loan
Agreement, the Other Documents or any related agreement are true and correct in all respects on and as of the date of this Amendment
as if made on and as of the date of this Amendment (except to the extent any such representation or warranty expressly relates
only to any earlier and/or specified date); and (b) no Event of Default or Default has occurred and is continuing on the date of
this Amendment or would occur and be continuing after giving effect to this Amendment and the making of any Advances on the Effective
Date.

 

Section
4.          General Provisions.

 

(a)          Except
as herein expressly amended, the Loan Agreement, the Other Documents and any other agreements, documents, instruments and certificates
executed in connection therewith, are ratified and confirmed in all respects and shall remain in full force and effect in accordance
with their respective terms.

 

(b)          From
and after the Effective Date, all references in the Loan Agreement and the Other Documents to “this Loan Agreement,”
“hereof,” “herein,” or similar terms, shall mean and refer to the Loan Agreement as amended by this Amendment.

 

(c)          This
Amendment and all matters relating hereto or arising herefrom (whether arising under contract law, tort law or otherwise) shall
be governed by and construed in accordance with the laws of the State of New York applied to contracts to be performed wholly within
the State of New York without regard to conflict of laws principles thereof that would result in the application of any law other
than the law of the State of New York. Any judicial proceeding brought against any party hereto with respect to this Amendment
may be brought in any court of competent jurisdiction in the State of New York, United States of America, and, by execution and
delivery of this Amendment, each party hereto accepts for itself and in connection with its properties, generally and unconditionally,
the non-exclusive jurisdiction of the aforesaid courts, and irrevocably agrees to be bound by any judgment rendered thereby in
connection with this Amendment. Each party hereto hereby waives personal service of any and all process upon it and consents that
all such service of process may be made by certified or registered mail (return receipt requested) directed to such party at its
address set forth in the Loan Agreement, as amended by this Amendment and service so made shall be deemed completed five (5) days
after the same shall have been so deposited in the mails of the United States of America. Nothing herein shall affect the right
to serve process in any manner permitted by Applicable Laws or shall limit the right of Agent or any Lender to bring proceedings
against any Borrower in the courts of any other jurisdiction. Each party hereto waives any objection to jurisdiction and venue
of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum
non conveniens. Each party hereto waives the right to remove any judicial proceeding brought against such party in any state court
to any federal court.

 

    	-2

    	 

    

 

(d)          The
captions at various places in this Amendment are intended for convenience only and do not constitute and shall not be interpreted
as part of this Amendment.

 

(e)          This
Amendment may be executed and delivered in any number of and by different parties hereto on separate counterparts, all of which,
when so executed and delivered, shall be deemed an original, but all such counterparts shall constitute one and the same agreement.
Any signature delivered by a party by facsimile or electronic transmission (including email transmission of a PDF image) shall
be deemed to be an original signature hereto.

 

(f)          The
parties acknowledge that each party and its counsel have reviewed this Amendment and that the normal rule of construction to the
effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Amendment.

 

[Signatures on Following
Page]

 

    	-3

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this First Amendment to Loan and Security Agreement to be duly executed by their respective officers
thereunto duly authorized as of the day and year first above written.

 

	AGENT:	PARKING SOURCE LLC
	 	 
	 	By:  	   /s/ Harvey Hernandez
	 	 	Name: Harvey Hernandez
	 	 	Title: Manager

 

    	S-1

    	 

    

 

	BORROWERS:	BOOMERANG SYSTEMS, INC.
	 	 
	 	By:  	/s/ Chris Mulvihill
	 	 	Chris Mulvihill
	 	 	President
	 	 
	 	BOOMERANG SUB, INC.
	 	 
	 	By:  	/s/ Chris Mulvihill
	 	 	Chris Mulvihill
	 	 	President
	 	 
	 	BOOMERANG USA CORP.
	 	 
	 	By:  	/s/ Chris Mulvihill
	 	 	Chris Mulvihill
	 	 	President
	 	 
	 	BOOMERANG MP HOLDINGS INC
	 	 
	 	By:  	/s/ Chris Mulvihill    
	 	 	Chris Mulvihill
	 	 	President

 

    	S-2

    	 

    

 

	INCREMENTAL LENDER:	2012 Exchange Place B Fund LLC
	 	 
	 	By:  	/s/ H. David Henken
	 	 	Name: H. David Henken
	 	 	Title: Manager
	 	 
	 	Commitment Amount: $12,500

 

	INCREMENTAL LENDER:	2012 Exchange Place A Fund LLC
	 	 
	 	By:  	/s/ H. David Henken
	 	 	Name: H. David Henken
	 	 	Title: Manager
	 	 
	 	Commitment Amount: $12,500

 

	INCREMENTAL LENDER:	2012 Exchange Place A Fund LLC
	 	 
	 	By:  	/s/ H. David Henken
	 	 	Name: H. David Henken
	 	 	Title: Manager
	 	 
	 	Commitment Amount: $12,500

 

	INCREMENTAL LENDER:	Albert Behler
	 	 
	 	By:  	/s/ Albert Behler
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $200,000

  

    	S-3

    	 

    

 

	INCREMENTAL LENDER:	Alexandria Equities, LLC
	 	By: Alexandria Real Estate Equities, Inc.
	 	 
	 	By:  	/s/ Jennifer Pappas
	 	 	Name: Jennifer Pappas
	 	 	Title: SVP – General Counsel
	 	 
	 	Commitment Amount: $200,000

 

	INCREMENTAL LENDER:	Andrew Perry
	 	 
	 	By:  	/s/ Andrew Perry
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Anthony P. Miele, III
	 	 
	 	By:  	/s/ Anthony P. Miele, III
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Bancroft Investments
	 	 
	 	By:  	/s/ Paul Bancroft
	 	 	Name: Paul Bancroft
	 	 	Title: Managing Member
	 	 
	 	Commitment Amount: $100,000

  

    	- 4

    	 

    

 

	INCREMENTAL LENDER:	Brian Bates
	 	 
	 	By:  	/s/ Brian Bates
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Charles Fitzgerald
	 	 
	 	By:  	/s/ Charles Fitzgerald
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Churchill Drive Investors
	 	 
	 	By:  	/s/ John Blumberg
	 	 	Name: John Blumberg
	 	 	Title: Manager
	 	 
	 	Commitment Amount: $125,000

 

	INCREMENTAL LENDER:	David Gardner
	 	 
	 	By:  	/s/ David Gardner
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

    	- 5

    	 

    

 

	INCREMENTAL LENDER:	Devin I. Murphy
	 	 
	 	By:  	/s/ Devin I. Murphy
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $150,000

 

	INCREMENTAL LENDER:	Dominic Moross
	 	 
	 	By:  	/s/ Dominic Moross
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Duane Parcells
	 	 
	 	By:  	/s/ Duane Parcells
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $75,000

 

	INCREMENTAL LENDER:	Eagle Hawk Partners, L.P.
	 	 
	 	By:  	/s/ David O’Connor
	 	 	Name: David O’Connor
	 	 	Title: Administrative Manager of GP
	 	 
	 	Commitment Amount: $75,000

 

    	- 6

    	 

    

 

	INCREMENTAL LENDER:	EMJAZ Holdings, LLC
	 	 
	 	By:  	/s/ Evan Zucker
	 	 	Name: Evan Zucker
	 	 	Title: Manager
	 	 
	 	Commitment Amount: $100,000

 

	INCREMENTAL LENDER:	Endeavor Asset Management, L.P.
	 	 
	 	By:  	/s/ Patrick Tully
	 	 	Name: Patrick Tully
	 	 	Title: General Partner
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Ettore Santucci
	 	 
	 	By:  	/s/ Ettore Santucci
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Excel Global Fund
	 	 
	 	By:  	/s/ Spencer Plumb
	 	 	Name: Spencer Plumb
	 	 	Title: Portfolio Manager
	 	 
	 	Commitment Amount: $75,000

 

    	- 7

    	 

    

 

	INCREMENTAL LENDER:	Gilbert G. Menna
	 	 
	 	By:  	/s/ Gilbert G. Menna
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

	INCREMENTAL LENDER:	Gregory S. Wright
	 	 
	 	By:  	/s/ Gregory S. Wright
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	James Gelly
	 	 
	 	By:  	/s/ James Gelly
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $100,000

 

	INCREMENTAL LENDER:	James D. Klein IRA
	 	 
	 	By:  	/s/ James D. Klein
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

    	- 8

    	 

    

 

	INCREMENTAL LENDER:	Javier Barrios
	 	 
	 	By:  	/s/ Javier Barrios
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

  

	INCREMENTAL LENDER:	Jeffrey Tauber
	 	 
	 	By:  	/s/ Jeffrey Tauber
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Jerry Pope
	 	 
	 	By:  	/s/ Jerry W. Pope
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	John W. Gosnell
	 	 
	 	By:  	/s/ John W. Gosnell
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

    	- 9

    	 

    

 

	INCREMENTAL LENDER:	John Herbert
	 	 
	 	By:  	/s/ John Herbert
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

	INCREMENTAL LENDER:	Louis C. Rose
	 	 
	 	By:  	/s/ Louis C. Rose
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $75,000

 

	INCREMENTAL LENDER:	Mark Chu
	 	 
	 	By:  	/s/ Mark Chu
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	McLane Cover
	 	 
	 	By:  	/s/ McLane Cover
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

    	- 10

    	 

    

 

	INCREMENTAL LENDER:	Michael Dana
	 	 
	 	By:  	/s/ Michael Dana
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

	INCREMENTAL LENDER:	Mitchell Family Investments II, LLC
	 	 
	 	By:  	/s/ Charles F. Mitchell
	 	 	Name: Charles F. Mitchell
	 	 	Title: Manager
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	MRP Holdings LLC
	 	 
	 	By:  	/s/ Mark R Patterson
	 	 	Name: Mark R Patterson
	 	 	Title: Managing Member
	 	 
	 	Commitment Amount: $100,000

 

	INCREMENTAL LENDER:	Pacific Asset Partners
	 	 
	 	By:  	/s/ Robert M. Stafford
	 	 	Name: Robert M. Stafford
	 	 	Title: General Partner
	 	 
	 	Commitment Amount: $100,000

 

    	- 11

    	 

    

 

	INCREMENTAL LENDER:	Payton Mayes
	 	 
	 	By:  	/s/ Payton Mayes
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Phil A. Belling
	 	 
	 	By:  	/s/ Phil A. Belling
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Philip Rubinfeld
	 	 
	 	By:  	/s/ Philip Rubinfeld
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

	INCREMENTAL LENDER:	Robert Insolia
	 	 
	 	By:  	/s/ Robert Insolia
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

    	- 12

    	 

    

 

	INCREMENTAL LENDER:	Robert J. Bauer
	 	 
	 	By:  	/s/ Robert J. Bauer
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $250,000

 

	INCREMENTAL LENDER:	The Roger Dwight Barris Trust DTD May 13, 1996
	 	 
	 	By:  	/s/ Roger Barris
	 	 	Name: Roger Barris
	 	 	Title: Trustee
	 	 
	 	Commitment Amount: $100,000

 

	INCREMENTAL LENDER:	Stephen Parker / Catherine Parker
	 	 
	 	By:  	/s/ Stephen Parker / Catherine Parker
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	The Myers Family Trust
	 	 
	 	By:  	/s/ Brian J. Myers
	 	 	Name: Brian J. Myers
	 	 	Title: Trustee
	 	 
	 	Commitment Amount: $50,000

 

    	- 13

    	 

    

 

	INCREMENTAL LENDER:	VN Advisors, LLC
	 	 
	 	By:  	/s/ Victor J. Nesi
	 	 	Name: Victor J. Nesi
	 	 	Title: Managing Member
	 	 
	 	Commitment Amount: $50,000

 

	INCREMENTAL LENDER:	William Goodrum
	 	 
	 	By:  	/s/ William Goodrum
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Amory L. Ross
	 	 
	 	By:  	/s/ Amory L. Ross
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $25,000

 

	INCREMENTAL LENDER:	Harbor Watch Partners, LP
	 	 
	 	By:  	/s/ Brooke Connell
	 	 	Name: Brooke Connell
	 	 	Title: Investment Advisor
	 	 
	 	Commitment Amount: $25,000

 

    	- 14

    	 

    

 

	INCREMENTAL LENDER:	George Strus
	 	 
	 	By:  	/s/ George Strus
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

	INCREMENTAL LENDER:	Charles A. Gravely
	 	 
	 	By:  	/s/ Charles A. Gravely
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

	INCREMENTAL LENDER:	Shelton Zuckerman
	 	 
	 	By:  	/s/ Shelton Zuckerman
	 	 	Name:
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

    	- 15

    	 

    

 

Schedule 1

 

Commitment Percentages
of Lenders

 

	Lender	 	Commitment
 Percentage	 	 	Commitment	 
	Parking Source, LLC	 	 	38.59	%	 	$	3,000,000	 
	Burton I. Koffman	 	 	1.29	%	 	$	100,000	 
	Milton Koffman	 	 	1.29	%	 	$	100,000	 
	I A 545 Madison Assoc.	 	 	0.96	%	 	$	75,000	 
	300 Plaza Drive Associates LLC	 	 	3.22	%	 	$	250,000	 
	Deerfield Place Associates LLC	 	 	1.29	%	 	$	100,000	 
	Steven Koffman	 	 	1.61	%	 	$	125,000	 
	Vulcan Properties Inc.	 	 	0.64	%	 	$	50,000	 
	The Estate of Gene Mulvihill	 	 	6.43	%	 	$	500,000	 
	Sunset Marathon Partners LLC	 	 	3.22	%	 	$	250,000	 
	MRP Holdings, LLC	 	 	1.29	%	 	$	100,000	 
	James Gelly	 	 	1.29	%	 	$	100,000	 
	David Gardner	 	 	0.32	%	 	$	25,000	 
	Charles Fitzgerald	 	 	0.32	%	 	$	25,000	 
	Jeffery Tauber	 	 	0.32	%	 	$	25,000	 
	The Roger Dwight Barris Trust DTD May 13, 1996	 	 	1.29	%	 	$	100,000	 

  

    	- 16

    	 

    

  

	Payton Mayes	 	 	0.32	%	 	$	25,000	 
	Bancroft Investments	 	 	1.29	%	 	$	100,000	 
	Anthony P. Miele III	 	 	0.32	%	 	$	25,000	 
	Churchill Drive Investors	 	 	1.61	%	 	$	125,000	 
	VN Advisors LLC	 	 	0.64	%	 	$	50,000	 
	Eagle Hawk Partners LP 
	 	 	0.96	%	 	$	75,000	 
	Pacific Asset Partners	 	 	1.29	%	 	$	100,000	 
	James D Klein IRA	 	 	0.64	%	 	$	50,000	 
	Devin I. Murphy	 	 	1.93	%	 	$	150,000	 
	MRP Holdings LLC	 	 	1.29	%	 	$	100,000	 
	Ettore Santucci	 	 	0.32	%	 	$	25,000	 
	Michael Dana	 	 	0.64	%	 	$	50,000	 
	Michael Berman	 	 	1.29	%	 	$	100,000	 
	Phil Belling	 	 	0.32	%	 	$	25,000	 
	EMJAZ Holdings, LLC 
	 	 	1.29	%	 	$	100,000	 
	Duane Parcells	 	 	0.96	%	 	$	75,000	 
	The Myers Family Trust 
	 	 	0.64	%	 	$	50,000	 
	Andrew Perry	 	 	0.32	%	 	$	25,000	 
	Alexandria Equities, LLC 
	 	 	2.57	%	 	$	200,000	 
	Robert Insolia	 	 	0.32	%	 	$	25,000	 
	John Herbert	 	 	0.64	%	 	$	50,000	 
	Mark Chu	 	 	0.32	%	 	$	25,000	 
	Dominic Moross	 	 	0.32	%	 	$	25,000	 
	Mitchell Family Investments II, LLC 
	 	 	0.32	%	 	$	25,000	 
	Philip Rubinfeld	 	 	0.64	%	 	$	50,000	 
	Gregory S. Wright	 	 	0.32	%	 	$	25,000	 
	William Goodrum	 	 	0.32	%	 	$	25,000	 
	Endeavor Asset Management, LP 
	 	 	0.32	%	 	$	25,000	 
	Albert Behler	 	 	2.57	%	 	$	200,000	 
	2012 Exchange Place Fund A, LLC 
	 	 	0.16	%	 	$	12,500	 
	2012 Exchange Place Fund B, LLC 
	 	 	0.16	%	 	$	12,500	 
	Brian Bates	 	 	0.32	%	 	$	25,000	 
	Robert J. Bauer	 	 	3.22	%	 	$	250,000	 
	Jerry Pope	 	 	0.32	%	 	$	25,000	 

  

    	- 17

    	 

    

  

	John W. Gosnell	 	 	0.32	%	 	$	25,000	 
	McLane Cover	 	 	0.32	%	 	$	25,000	 
	Javier Barrios	 	 	0.32	%	 	$	25,000	 
	Gilbert G. Menna	 	 	0.64	%	 	$	50,000	 
	Louis C. Rose	 	 	0.96	%	 	$	75,000	 
	Excel Global Fund	 	 	0.96	%	 	$	75,000	 
	Stephen and Catherine Parker 
	 	 	0.32	%	 	$	25,000	 
	James Gelly	 	 	1.29	%	 	$	100,000	 
	Amory L. Ross	 	 	0.32	%	 	$	25,000	 
	Harbor Watch Partners, LP	 	 	0.32	%	 	$	25,000	 
	George Strus	 	 	0.64	%	 	$	50,000	 
	Charles A. Gravely	 	 	0.64	%	 	$	50,000	 
	Shelton Zuckerman	 	 	0.64	%	 	$	50,000	 
	Total	 	 	100	%	 	$	7,775,000	 

 

    	- 18SECOND AMENDMENT
TO LOAN AND SECURITY AGREEMENT dated as of August 6, 2013 (this “Amendment”) among BOOMERANG SYSTEMS,
INC., a corporation organized under the laws of the State of Delaware (“Holdings”), BOOMERANG SUB, INC.,
a corporation organized under the laws of the State of Delaware (“Boom Sub”), BOOMERANG USA CORP., a
corporation organized under the laws of the State of Delaware (“Boom USA”), and BOOMERANG MP HOLDINGS INC,
a corporation organized under the laws of the State of New Jersey (“Boom MP” and together with Holdings, Boom
Sub and Boom USA, the “Borrowers”, and each a “Borrower”), each Person party hereto providing
an Incremental Advance Commitment (collectively, the “Incremental Lenders” and each individually an “Incremental
Lender”) and PARKING SOURCE LLC, as agent for itself and the other Lenders party to the Loan Agreement (as hereinafter
defined) (in such capacity, the “Agent”).

 

WHEREAS, Borrowers,
Lenders and Agent entered into that certain Loan and Security Agreement dated as of June 6, 2013 (as the same has been and may
hereafter be amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”;
capitalized terms used herein without definition shall have the meaning set forth in the Loan Agreement); and

 

WHEREAS,  pursuant
to Section 2.10 of the Loan Agreement, Borrowers, Agent and the Incremental Lenders agree that this Amendment constitutes an Incremental
Advance Amendment and desire to enter into this Amendment for purposes of (i) making the Incremental Lenders under the Loan Agreement
with respect to their Incremental Advance Commitments pursuant to the terms and subject to the conditions of the Loan Agreement,
(ii) making the Incremental Advance Commitments of the Incremental Lenders set forth below their respective names on the signature
pages to this Amendment Commitments under, and entitling them to all the benefits afforded by, the Loan Agreement, (iii) increasing
the Maximum Advance Loan Amount by $75,000 (i.e., the sum of the Incremental Advance Commitments) to $7,850,000 and (iv)
adjusting the Commitment Percentage of each Lender to be as set forth on Schedule 1 attached hereto to give effect to this Amendment,
in each case effective the Effective Date (as defined below).

 

NOW, THEREFORE,
in consideration of the foregoing recitals and the mutual promises contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Section
1.          Amendment to Loan Agreement. Upon the Effective
Date, (a) each Incremental Lender constitutes a Lender under the Loan Agreement with respect to its Incremental Advance Commitment
pursuant to the terms and subject to the conditions of the Loan Agreement, (b) the Incremental Advance Commitments of the Incremental
Lenders set forth below their respective names on the signature pages to this Amendment constitute Commitments under, and are entitled
to all the benefits afforded by, the Loan Agreement, (c) the Commitment Amount and address for Notices of each such Incremental
Lender are as set forth below such Incremental Lender’s name on the signature page hereto, (d) the Maximum Advance Amount
shall be increased by $75,000 (i.e., the sum of the Incremental Advance Commitments) to $7,850,000 and (e) the Commitment
Percentage of each Lender shall be as set forth on Schedule 1 attached hereto to give effect to this Amendment.

 

    	 

    	 

    

 

Section
2.          Condition Precedent. This Amendment shall
become effective upon the date (such date, the “Effective Date”) the Agent receives this Amendment, duly executed
by Borrowers and the Incremental Lenders.

 

Section
3.          Representations and Warranties.  Each Borrower
hereby represents and warrants that (a) each of the representations and warranties made by any Borrower in or pursuant to the Loan
Agreement, the Other Documents and any related agreements to which it is a party, and each of the representations and warranties
contained in any certificate, document or financial or other statement furnished at any time under or in connection with the Loan
Agreement, the Other Documents or any related agreement are true and correct in all respects on and as of the date of this Amendment
as if made on and as of the date of this Amendment (except to the extent any such representation or warranty expressly relates
only to any earlier and/or specified date); and (b) no Event of Default or Default has occurred and is continuing on the date of
this Amendment or would occur and be continuing after giving effect to this Amendment and the making of any Advances on the Effective
Date.

 

Section
4.          General Provisions.

 

(a)          Except
as herein expressly amended, the Loan Agreement, the Other Documents and any other agreements, documents, instruments and certificates
executed in connection therewith, are ratified and confirmed in all respects and shall remain in full force and effect in accordance
with their respective terms.

 

(b)          From
and after the Effective Date, all references in the Loan Agreement and the Other Documents to “this Loan Agreement,”
“hereof,” “herein,” or similar terms, shall mean and refer to the Loan Agreement as amended by this Amendment.

 

(c)          This
Amendment and all matters relating hereto or arising herefrom (whether arising under contract law, tort law or otherwise) shall
be governed by and construed in accordance with the laws of the State of New York applied to contracts to be performed wholly within
the State of New York without regard to conflict of laws principles thereof that would result in the application of any law other
than the law of the State of New York. Any judicial proceeding brought against any party hereto with respect to this Amendment
may be brought in any court of competent jurisdiction in the State of New York, United States of America, and, by execution and
delivery of this Amendment, each party hereto accepts for itself and in connection with its properties, generally and unconditionally,
the non-exclusive jurisdiction of the aforesaid courts, and irrevocably agrees to be bound by any judgment rendered thereby in
connection with this Amendment. Each party hereto hereby waives personal service of any and all process upon it and consents that
all such service of process may be made by certified or registered mail (return receipt requested) directed to such party at its
address set forth in the Loan Agreement, as amended by this Amendment and service so made shall be deemed completed five (5) days
after the same shall have been so deposited in the mails of the United States of America. Nothing herein shall affect the right
to serve process in any manner permitted by Applicable Laws or shall limit the right of Agent or any Lender to bring proceedings
against any Borrower in the courts of any other jurisdiction. Each party hereto waives any objection to jurisdiction and venue
of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum
non conveniens. Each party hereto waives the right to remove any judicial proceeding brought against such party in any state court
to any federal court.

 

    	- 2

    	 

    

 

(d)          The
captions at various places in this Amendment are intended for convenience only and do not constitute and shall not be interpreted
as part of this Amendment.

 

(e)          This
Amendment may be executed and delivered in any number of and by different parties hereto on separate counterparts, all of which,
when so executed and delivered, shall be deemed an original, but all such counterparts shall constitute one and the same agreement.
Any signature delivered by a party by facsimile or electronic transmission (including email transmission of a PDF image) shall
be deemed to be an original signature hereto.

 

(f)          The
parties acknowledge that each party and its counsel have reviewed this Amendment and that the normal rule of construction to the
effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Amendment.

 

[Signatures on Following
Page]

 

    	- 3

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Second Amendment to Loan and Security Agreement to be duly executed by their respective officers
thereunto duly authorized as of the day and year first above written.

 

	AGENT:	PARKING SOURCE LLC
	 	 
	 	By:    	  /s/ Harvey Hernandez
	 	 	Name:  Harvey Hernandez
	 	 	Title:  Manager

 

    	S-1

    	 

    

 

	BORROWERS:	BOOMERANG SYSTEMS, INC.
	 	 
	 	By:  	  /s/ Chris Mulvihill
	 	 	Chris Mulvihill
	 	 	President
	 	 
	 	BOOMERANG SUB, INC.
	 	 
	 	By:  	  /s/ Chris Mulvihill
	 	 	Chris Mulvihill
	 	 	President
	 	 
	 	BOOMERANG USA CORP.
	 	 
	 	By:  	  /s/ Chris Mulvihill
	 	 	Chris Mulvihill
	 	 	President
	 	 
	 	BOOMERANG MP HOLDINGS INC
	 	 
	 	By:  	   /s/ Chris Mulvihill
	 	 	Chris Mulvihill
	 	 	President

 

    	S-2

    	 

    

 

	INCREMENTAL LENDER:	W. Seymour Ind Inc.
	 	 
	 	By:  	  /s/ Ward Seymour
	 	 	Name:  Ward Seymour
	 	 	Title:
	 	 
	 	Commitment Amount: $50,000

 

    	S-3

    	 

    

 

	INCREMENTAL LENDER:	K. Deane Reade, Jr. Profit Sharing Trust
	 	 
	 	By:  	  /s/ K. Deane Reade, Jr.
	 	 	Name: K. Deane Reade, Jr.
	 	 	Title: Trustee
	 	 
	 	Commitment Amount: $25,000

 

    	S-4

    	 

    

 

Schedule 1

 

Commitment Percentages
of Lenders

 

	Lender	 	Commitment
 Percentage	 	 	Commitment	 
	Parking Source, LLC	 	 	38.22	%	 	$	3,000,000	 
	Burton I. Koffman	 	 	1.27	%	 	$	100,000	 
	Milton Koffman	 	 	1.27	%	 	$	100,000	 
	I A 545 Madison Assoc.	 	 	0.96	%	 	$	75,000	 
	300 Plaza Drive Associates LLC	 	 	3.18	%	 	$	250,000	 
	Deerfield Place Associates LLC	 	 	1.27	%	 	$	100,000	 
	Steven Koffman	 	 	1.59	%	 	$	125,000	 
	Vulcan Properties Inc.	 	 	0.64	%	 	$	50,000	 
	The Estate of Gene Mulvihill	 	 	6.37	%	 	$	500,000	 
	Sunset Marathon Partners LLC	 	 	3.18	%	 	$	250,000	 
	MRP Holdings, LLC	 	 	1.27	%	 	$	100,000	 
	James Gelly	 	 	1.27	%	 	$	100,000	 
	David Gardner	 	 	0.32	%	 	$	25,000	 
	Charles Fitzgerald	 	 	0.32	%	 	$	25,000	 
	Jeffery Tauber	 	 	0.32	%	 	$	25,000	 
	The Roger Dwight Barris Trust DTD May 13, 1996	 	 	1.27	%	 	$	100,000	 
	Payton Mayes	 	 	0.32	%	 	$	25,000	 
	Bancroft Investments	 	 	1.27	%	 	$	100,000	 

 

    	 

    	 

    

  

	Anthony P. Miele III	 	 	0.32	%	 	$	25,000	 
	Churchill Drive Investors	 	 	1.59	%	 	$	125,000	 
	VN Advisors LLC	 	 	0.64	%	 	$	50,000	 
	Eagle Hawk Partners LP 
	 	 	0.96	%	 	$	75,000	 
	Pacific Asset Partners	 	 	1.27	%	 	$	100,000	 
	James D Klein IRA	 	 	0.64	%	 	$	50,000	 
	Devin I. Murphy	 	 	1.91	%	 	$	150,000	 
	MRP Holdings LLC	 	 	1.27	%	 	$	100,000	 
	Ettore Santucci	 	 	0.32	%	 	$	25,000	 
	Michael Dana	 	 	0.64	%	 	$	50,000	 
	Michael Berman	 	 	1.27	%	 	$	100,000	 
	Phil Belling	 	 	0.32	%	 	$	25,000	 
	EMJAZ Holdings, LLC 
	 	 	1.27	%	 	$	100,000	 
	Duane Parcells	 	 	0.96	%	 	$	75,000	 
	The Myers Family Trust 
	 	 	0.64	%	 	$	50,000	 
	Andrew Perry	 	 	0.32	%	 	$	25,000	 
	Alexandria Equities, LLC 
	 	 	2.55	%	 	$	200,000	 
	Robert Insolia	 	 	0.32	%	 	$	25,000	 
	John Herbert	 	 	0.64	%	 	$	50,000	 
	Mark Chu	 	 	0.32	%	 	$	25,000	 
	Dominic Moross	 	 	0.32	%	 	$	25,000	 
	Mitchell Family Investments II, LLC 
	 	 	0.32	%	 	$	25,000	 
	Philip Rubinfeld	 	 	0.64	%	 	$	50,000	 
	Gregory S. Wright	 	 	0.32	%	 	$	25,000	 
	William Goodrum	 	 	0.32	%	 	$	25,000	 
	Endeavor Asset Management, LP 
	 	 	0.32	%	 	$	25,000	 
	Albert Behler	 	 	2.55	%	 	$	200,000	 
	2012 Exchange Place Fund A, LLC 
	 	 	0.16	%	 	$	12,500	 
	2012 Exchange Place Fund B, LLC 
	 	 	0.16	%	 	$	12,500	 
	Brian Bates	 	 	0.32	%	 	$	25,000	 
	Robert J. Bauer	 	 	3.18	%	 	$	250,000	 
	Jerry Pope	 	 	0.32	%	 	$	25,000	 

  

    	- 6

    	 

    

  

	John W. Gosnell	 	 	0.32	%	 	$	25,000	 
	McLane Cover	 	 	0.32	%	 	$	25,000	 
	Javier Barrios	 	 	0.32	%	 	$	25,000	 
	Gilbert G. Menna	 	 	0.64	%	 	$	50,000	 
	Louis C. Rose	 	 	0.96	%	 	$	75,000	 
	Excel Global Fund	 	 	0.96	%	 	$	75,000	 
	Stephen and Catherine Parker 
	 	 	0.32	%	 	$	25,000	 
	James Gelly	 	 	1.27	%	 	$	100,000	 
	Amory L. Ross	 	 	0.32	%	 	$	25,000	 
	Harbor Watch Partners, LP	 	 	0.32	%	 	$	25,000	 
	George Strus	 	 	0.64	%	 	$	50,000	 
	Charles A. Gravely	 	 	0.64	%	 	$	50,000	 
	Shelton Zuckerman	 	 	0.64	%	 	$	50,000	 
	K. Deane Reade, Jr. Profit Sharing Trust	 	 	0.32	%	 	$	25,000	 
	W. Seymour Ind Inc.	 	 	0.64	%	 	$	50,000	 
	Total	 	 	100	%	 	$	7,850,000	 

 

    	- 7

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