Document:

Exhibit 10.1

 

EXECUTION VERSION

 

THIRD AMENDMENT TO TERM
LOAN AGREEMENT AND LIMITED WAIVER

 

This THIRD AMENDMENT
to TERM LOAN AGREEMENT AND LIMITED WAIVER, dated as of March 31, 2017 (this “Third
Amendment”), by and among Numerex Corp., a Pennsylvania corporation (the “Lead Borrower”), the other
Persons party hereto designated as “Borrowers” (each a “Borrower” and, together with the Lead Borrower,
the “Borrowers”), the other Persons party hereto designated as “Guarantors” (the “Guarantors”,
and, together with the Borrowers, the “Credit Parties”), Crystal Financial LLC, a Delaware limited liability
company, as administrative agent and collateral agent (in such capacities, the “Term Agent”) for the financial
institutions from time to time party to the Term Loan Agreement (collectively, the “Term Lenders” and individually
each a “Term Lender”) and for itself and the other Secured Parties.

 

W I T N E
S S E T H:

 

WHEREAS, the Borrowers,
the Guarantors, the Term Agent and the Term Lenders are party to that certain Term Loan Agreement dated as of March 9, 2016, as
amended by the First Amendment to Term Loan Agreement dated as of July 29, 2016, as further amended by the Second Amendment to
Term Loan Agreement dated as of November 3, 2016 (as further amended, restated, supplemented or otherwise modified from time to
time in accordance with the terms thereof, the “Term Loan Agreement”), pursuant to which the Term Lenders agreed,
subject to the terms and conditions contained therein, to extend credit to the Borrowers;

 

WHEREAS, the Credit
Parties have requested that the Term Agent and the Term Lenders effect certain amendments to the Term Loan Agreement as more specifically
set forth herein, and the Term Agent and the Term Lenders are willing to effect such amendments to the Term Loan Agreement on the
terms and conditions hereinafter set forth;

 

WHEREAS, certain Events
of Default (the “Specified Events of Default”) have occurred and are continuing under:

 

(i) Section 6.1(c)
of the Term Loan Agreement as a result of the Credit Parties’ failure to comply with Sections 5.23(a), 5.23(b), 5.23(c) and
5.23(d) of the Term Loan Agreement for the period ended December 31, 2016;

 

(ii) Section 6.1(c)
of the Term Loan Agreement as a result of the Credit Parties’ failure to notify the Term Agent, as required under Section
5.3 of the Term Loan Agreement, of the dissolution of a non-Credit Party Subsidiary of the Lead Borrower;

 

(iii) Section 6.1(d)
of the Term Loan Agreement as a result of the Credit Parties’ failure to notify the Term Agent, as required under Section
4.3(c) of the Term Loan Agreement, of the letter, dated as of April 27, 2016, received by the Lead Borrower from a Governmental
Authority;

 

(iv) Section 6.1(d)
of the Term Loan Agreement as a result of the Credit Parties’ failure to notify the Term Agent, as required under Section
4.3(d) of the Term Loan Agreement, regarding the commencement of certain litigation in which the amount of damages claimed exceeds
$250,000 and regarding material developments in certain other litigation affecting the Credit Parties;

 

     

     

    

 

(v) Section 6.1(b)
of the Term Loan Agreement as a result of the inaccuracy of the Credit Parties’ representations in Section 3.19 of the Term
Loan Agreement due to the Credit Parties’ omission of outstanding options in Schedule 3.19 to the Term Loan Agreement;

 

(vi) Section 6.1(b)
of the Term Loan Agreement as a result of the Credit Parties’ failure to disclose, in the Compliance Certificates delivered
to the Term Agent pursuant to Section 4.2(b) of the Term Loan Agreement, changes in the information provided in Schedule 3.16 to
the Term Loan Agreement;

 

(vii) Section 6.1(b)
of the Term Loan Agreement, as a result of the inaccuracy of the Credit Parties’ representations in Loan Documents delivered
after the date of the Term Loan Agreement due to the Credit Parties’ failure to update the information set forth in Schedules
3.5, 3.16, 3.19, 3.20 and 3.21 to the Term Loan Agreement;

 

(viii) Section 6.1(c)
of the Term Loan Agreement as a result of the Credit Parties’ failure to notify the Term Agent, as required under Section
4.3(a) of the Term Loan Agreement, of the occurrence of the Events of Default described in clauses (ii), (iii), (iv), (v), (vi)
and (vii) above, and this clause (viii); and

 

(ix) Section 6.1(b)
of the Term Loan Agreement as a result of the inaccuracy of the Credit Parties’ representations in Loan Documents delivered
after the date of the Term Loan Agreement due to the existence of the Events of Default described in clauses (ii), (iii), (iv),
(v), (vi), (vii) and (viii) above and this clause (ix); and

 

WHEREAS, the Credit
Parties have requested that the Term Agent and the Term Lenders agree to waive the Specified Events of Default, and the Term Agent
and the Term Lenders are willing to waive the Specified Events of Default on the terms and conditions hereinafter set forth.

 

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

 

		1.	Defined Terms. Except as otherwise defined in this Third Amendment, terms defined in the
Term Loan Agreement are used herein as defined therein.

 

		2.	Amendments to Term Loan Agreement. Subject to the satisfaction of the conditions precedent
specified in Section 6 below, the following amendments shall be incorporated into the Term Loan Agreement:

 

		(a)	The following subsection (e) shall be added to Section 1.6 of the Term Loan Agreement:

 

“(e)
June 1, 2017 Prepayment. On June 1, 2017, unless the Credit Parties have entered into Planned Refinancing Transaction Documentation
in respect of a Planned Refinancing Transaction of the nature described in clause (i) of the definition of Planned Refinancing
Transaction Documentation, the Borrowers shall prepay the outstanding principal balance of the Term Loans (notwithstanding the
application of payments provisions set forth in Section 1.8(c)) in an amount equal to $2,000,000 funded with the proceeds of equity
or Subordinated Indebtedness upon terms and conditions acceptable to the Term Agent, which prepayment shall be subject to the Prepayment
Premium; provided, that such Prepayment Premium in an amount equal to $40,000 shall be fully earned and due on June 1, 2017,
but not payable until the earlier of

 

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(i) the payment
in full in cash of the Obligations, (ii) the occurrence of an Event of Default, and (iii) August 1, 2017.”

 

		(b)	The following Section 4.21 shall be added to Article 4 of the Term Loan Agreement:

 

“4.21
Planned Refinancing Transaction Documentation; Investment Banker. No later than June 1, 2017 or such later date as agreed
by the Term Agent in its sole discretion, the Credit Parties shall have either (i) entered into Planned Refinancing Transaction
Documentation, or (ii) entered into, upon terms and conditions reasonably acceptable to the Term Agent, an engagement letter (the
“Engagement Letter”) with an investment banker or other similar consultant reasonably acceptable to the Term
Agent (the “Investment Banker”) to advise and assist the Credit Parties in entering into a Planned Refinancing
Transaction. The Credit Parties shall retain the Investment Banker at all times until the closing of a Planned Refinancing Transaction
(including the payment in full in cash of the Obligations) or as otherwise agreed by the Term Agent. Each Credit Party acknowledges
and agrees that the Term Agent shall have the right to communicate directly with the Investment Banker, provided that the Lead
Borrower is provided an opportunity to be present on all calls and copied on all emails and other correspondence. Subject to the
preceding sentence, the Engagement Letter shall authorize and direct the Investment Banker to communicate directly with the Term
Agent, participate in required weekly status calls with the Term Agent and furnish the Term Agent with such information as the
Term Agent may request, in form and substance acceptable to the Term Agent. The Investment Banker shall provide the Term Agent
periodic updates, and, if requested by the Term Agent, interim updates, regarding the status of its efforts, including, without
limitation, the status of any sale efforts, and copies of any notices, reports and other communications delivered by the Investment
Banker to the Credit Parties. The Credit Parties shall continue to retain the Investment Banker as and when required in this Section,
and shall provide the Investment Banker with all information and reports necessary for the Investment Banker to perform its duties
under the Engagement Letter and otherwise cooperate with the Investment Banker.

 

		(c)	Section 4.2 of the Term Loan Agreement is hereby amended by adding the following clauses (k) and (l) thereto:

 

“(k) promptly upon receipt
thereof, copies of any notices, reports and other communications delivered to the Credit Parties by the Investment Banker; and

 

(l) promptly upon receipt thereof,
copies of any expressions of interest, offers and letters of intent with respect to any Planned Refinancing Transaction.”

 

		(d)	Section 5.23(a) of the Term Loan Agreement is hereby amended by deleting the grid contained therein in its entirety and substituting
the following in its stead:

 

	Quarter	Minimum Adjusted EBITDA
	March 31, 2017	$1,900,000
	June 30, 2017	$2,250,000
	September 30, 2017	$3,250,000
	December 31, 2017, and the last day of each fiscal quarter thereafter	$6,000,000

 

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		(e)	Section 5.23(b) of the Term Loan Agreement is hereby amended by deleting the grid contained therein in its entirety and substituting
the following in its stead:

 

	Quarter	
        Minimum Consolidated Fixed Charge 

        Coverage Ratio 

	March 31, 2017	0.35 : 1.00
	June 30, 2017	0.40 : 1.00
	September 30, 2017	0.50 : 1.00
	December 31, 2017, and the last day of each fiscal quarter thereafter	1.00 : 1.00

 

		(f)	Section 5.23(c) of the Term Loan Agreement is hereby amended by deleting the grid contained therein in its entirety and substituting
the following in its stead:

 

	Quarter	
        Maximum Consolidated 

        Total Net Leverage

	March 31, 2017	3.00 : 1.00
	June 30, 2017	2.50 : 1.00
	September 30, 2017	2.00 : 1.00
	
        December 31, 2017

        and the last day of each fiscal quarter
        thereafter
	1.50 : 1.00

 

		(g)	Section 5.23(d) of the Term Loan Agreement is hereby amended by deleting the grid contained therein in its entirety and substituting
the following in its stead:

 

	Quarter	Churn
	March 31, 2017	-7.5%
	June 30, 2017 and the last day of each fiscal quarter thereafter	-2.5%

 

		(h)	Section 6.1(c) of the Term Loan Agreement shall be amended by adding a failure to perform or observe any term, covenant or
agreement contained in Section 4.21 of the Term Loan Agreement to the list of specific Defaults set forth in such section 6.1(c).

 

		(i)	Section 10.1 of the Term Loan Agreement is hereby amended by deleting the definition of “Adjusted EBITDA” in its
entirety and substituting the following in its stead:

 

“Adjusted
EBITDA” means, for any period, for the Lead Borrower and its Subsidiaries on a Consolidated basis, an amount equal to
Consolidated Net Income for such period plus (a) without duplication, the following to the extent deducted in calculating
such Consolidated Net Income: (i) Consolidated Interest Expense for such period, (ii) the provision for federal, state, local and
foreign income taxes payable by the Lead Borrower and its Subsidiaries for such period, (iii) depreciation and amortization expense
for such period, (iv) non-cash equity-based

 

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compensation,
(v) non-recurring, non-cash expenses which are deemed acceptable to the Term Agent, (vi) the fees, costs, and expenses payable
by the Borrowers in connection with the closing of the transactions contemplated by the Loan Documents, (vii) fees and expenses
paid in connection with field examinations and wind-down analyses in accordance with Section 4.9(c), (viii) the non-cash write-off
of fixed assets during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $377,000,
(ix) the impairment charge taken during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to
exceed $889,000, (x) third party broker fees incurred during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease
not to exceed $460,000, (xi) severance paid during the second Fiscal Quarter of 2016 in an amount not to exceed $415,000, (xii)
inventory reserves taken during second Fiscal Quarter of 2016 in an amount not to exceed $435,000, (xiii) goodwill impairment charges
taken during the second Fiscal Quarter of 2016 in an amount not to exceed $7,000,000, (xiv) cash severance paid during July and
August of 2016 in an amount not to exceed $253,000, (xv) cash costs and expenses paid in connection with relocating to a temporary
headquarters at 400 Interstate North Parkway SE, Atlanta, Georgia in July of 2016 in an amount not to exceed $25,000; (xvi) goodwill
impairment charges taken during the fourth Fiscal Quarter of 2016 in an amount not to exceed $7,833,000; (xvii) severance paid
during the fourth Fiscal Quarter of 2016 in an amount not to exceed $311,598 and severance paid during the first Fiscal Quarter
of 2017 in an amount not to exceed $398,821; (xviii) third party professional fees for transaction related activities in the fourth
Fiscal Quarter of 2016 in an amount not to exceed $111,136 and fees related to debt refinancing and amendment in the first Fiscal
Quarter of 2017 to not exceed in amount of $775,000; (xix) one-time consulting costs for Inventory MRP system not to exceed $75,000
and one-time moving expenses to a new 3PL not to exceed $20,000; and (xx) one-time costs related to turn down of network for 2G
ATT in an amount not to exceed $25,000; and minus (b) the following to the extent included in calculating such Consolidated
Net Income: (i) federal, state, local and foreign income tax credits of the Lead Borrower and its Subsidiaries for such period,
(ii) extraordinary gains for such period and (iii) all non-cash, non-recurring items increasing Consolidated Net Income for such
period. For quarterly periods prior to the closing date, “Adjusted EBITDA” shall be as follows: quarter ended December
31, 2015 - $1,963,000, quarter ended September 30, 2015 - $1,664,000 and quarter ended June 30, 2015 - $3,410,000.”

 

		(j)	Section 10.1 of the Term Loan Agreement is hereby amended by deleting the definition of “Applicable Margin” in
its entirety and substituting the following in its stead:

 

“Applicable Margin”
means, (a) at any time prior to January 1, 2017, eight and one-half percent (8.50%) per annum, and (b) at any time on or after
January 1, 2017, ten and one-half percent (10.5%).

 

		(k)	Section 10.1 of the Term Loan Agreement is hereby amended by adding the following definition of “Planned Refinancing
Transaction Documentation” to such Section in the proper alphabetical order:

 

“Planned
Refinancing Transaction Documentation” means, (i) definitive documentation providing for a the sale of all or substantially
all of the Credit Parties’ assets or the equity interests of the Lead Borrower, or a merger of the Lead Borrower with another
Person, or (ii) a binding commitment letter for the refinancing of the Obligations, in each case, in form and substance acceptable
to the Term Agent and subject only to completion of the definitive legal documentation, approvals required by applicable law and
other customary ministerial closing conditions, that will result in the payment in full in cash of the Obligations on or before
August 1, 2017 (each transaction of the nature described above, a “Planned Refinancing Transaction”).

 

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		(l)	Exhibit 4.2(b) to the Term Loan Agreement (Form of Compliance Certificate) is hereby replaced in its entirety with Exhibit
4.2(b) attached hereto.

 

		(m)	Schedule 3.5 (Litigation) to the Term Loan Agreement is hereby replaced in its entirety with Schedule 3.5 attached hereto.

 

		(n)	Schedule 3.16 (Intellectual Property) to the Term Loan Agreement is hereby replaced in its entirety with Schedule 3.16
attached hereto.

 

		(o)	Schedule 3.19 (Ventures, Subsidiaries and Affiliates; Outstanding Stock) to the Term Loan Agreement is hereby replaced in its
entirety with Schedule 3.19 attached hereto.

 

		(p)	Schedule 3.20 (Jurisdiction of Organization; Chief Executive Office) to the Term Loan Agreement is hereby replaced in its entirety
with Schedule 3.20 attached hereto.

 

		(q)	Schedule 3.21 (Locations of Inventory, Equipment and Books and Records) to the Term Loan Agreement is hereby replaced in its
entirety with Schedule 3.21 attached hereto.

 

		3.	Limited Waiver. The Credit Parties acknowledge that the Specified Events of Default have
occurred and are continuing, and represent and warrant that as of the date hereof, no Defaults or Events of Default have occurred
and are continuing other than the Specified Events of Default. Subject to the satisfaction of the conditions set forth in Section
6 below, and in reliance on the representations and warranties contained in Section 5 below, the Term Agent and the Term Lenders
hereby waive the Specified Events of Default. The Term Agent hereby acknowledges that the Subordinated Lender (as defined below)
may be considered an Affiliate of a Borrower for purposes of Section 5.6 of the Term Loan Agreement and hereby agrees that the
transactions contemplated by the Subordinated Note and the Warrant to Purchase Stock (the “Warrant”) issued
to the Subordinated Lender on the date hereof, which shall be exercised by way of cashless exercise, shall not be prohibited by
Section 5.6 of the Term Loan Agreement. This is a limited waiver and shall not be deemed to (a) waive, release, modify or limit
any Credit Party’s obligations to otherwise comply with all terms and conditions of the Term Loan Agreement and the other
Loan Documents, (b) waive any other existing or future Default or Event of Default, or (c) prejudice any right or remedy that the
Term Agent or any Term Lender may have presently or in the future under or in connection with the Term Loan Agreement or any other
Loan Document (all of which rights and remedies are expressly reserved), except as expressly provided herein.

 

		4.	Acknowledgment Regarding Huron Consulting Services. Each Credit Party hereby acknowledges
that the Term Agent has engaged Huron Consulting Services LLC to review and assess certain financial results and projections with
respect to the Credit Parties, and each Credit Party hereby agrees to pay or reimburse the Term Agent for all costs and expenses
incurred by the Term Agent in connection with such engagement.

 

		5.	Representations and Warranties. Each Credit Party hereby represents and warrants that:

 

		(a)	After giving effect to this Third Amendment, no Default or Event of Default has occurred and is
continuing;

 

		(b)	the execution, delivery and performance of this Third Amendment by each Credit Party are all within
such Credit Party’s corporate powers, will not contravene any Requirement of Law or the terms of such Credit Party’s
Organization Documents, or any Material

 

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			Contract to which such Credit Party is a party or by which such Credit Party or its property is
bound, and shall not result in the creation or imposition of any lien, claim, charge or encumbrance upon any of the Collateral,
except in favor of Term Agent and Term Lenders pursuant to the Term Loan Agreement and the other Loan Documents as amended hereby;

 

		(c)	this Third Amendment and each other agreement or instrument to be executed and delivered by the
Credit Parties in connection herewith have been duly authorized, executed and delivered by all necessary action on the part of
such Credit Party and, if necessary, its stockholders, as the case may be, and the agreements and obligations of each Credit Party
contained herein and therein constitute the legal, valid and binding obligations of such Credit Party, enforceable against it in
accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, receivership, moratorium
or other laws affecting creditor’s rights generally and by general principles of equity; and

 

		(d)	after giving effect to this Third Amendment, and other than as disclosed on the Schedules to this
Third Amendment, all representations and warranties contained in the Term Loan Agreement and each other Loan Document are true
and correct in all material respects on and as of the date hereof, except (i) to the extent that such representations and warranties
refer to an earlier date, in which case they shall be true and correct as of such earlier date, and (ii) in the case of any representation
and warranty qualified by materiality, in which case they shall be true and correct in all respects.

 

		6.	Conditions to Effectiveness. This Third Amendment shall not be effective until each of the
following conditions precedent have been fulfilled to the satisfaction of the Term Agent (such date referred to herein as, the
“Effective Date”):

 

		(a)	the Term Agent shall have received this Third Amendment, duly executed by each of the parties hereto;

 

		(b)	after giving effect to this Third Amendment, no Default or Event of Default shall have occurred
and be continuing;

 

		(c)	all orders, permissions, consents, approvals, licenses, authorizations and validations of, and
filings, recordings and registrations with, and exemptions by, any Governmental Authority, or any other Person required to authorize
or otherwise required in connection with the execution, delivery and performance by each Credit Party of this Third Amendment and
the transactions contemplated hereby, shall have been obtained and shall be in full force and effect;

 

		(d)	the Credit Parties shall have (i) delivered to the Term Agent, (A) evidence, in form acceptable
to the Term Agent, of the closing of the transactions contemplated by the Senior Subordinated Promissory Note, dated as of the
date hereof (the “Subordinated Note”), executed and delivered by the Lead Borrower to Kenneth Rainin Foundation
(the “Subordinated Lender”), and (B) duly-executed copies of the Subordinated Note and all related documentation,
including without limitation, the Warrant, as required by the Term Agent in its sole discretion, in each case, in form and substance
acceptable to the Term Agent, and (ii) received $5,000,000 in Subordinated Indebtedness proceeds from the Subordinated Lender pursuant
to the Subordinated Note, and shall have used such

 

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			proceeds to prepay the outstanding principal balance of the Term Loans (notwithstanding the application
of payments provisions set forth in Section 1.8(c) of the Term Loan Agreement), which prepayment shall be subject to the Prepayment
Premium; provided, that such Prepayment Premium in an amount equal to $100,000 shall be fully earned and due on the date
hereof, but not payable until the earlier of (A) the payment in full in cash of the Obligations, (B) the occurrence of an Event
of Default, and (C) August 1, 2017; and

 

		(e)	the Credit Parties shall have paid in full (i) all invoiced Credit Party expenses in connection
with the preparation, execution, delivery and administration of this Third Amendment and the other instruments and documents to
be delivered hereunder, (ii) the Amendment Fee First Installment (as defined below), and (iii) all unpaid interest on the Term
Loans due and payable under the Term Loan Agreement as of the date hereof (including, without limitation, any additional interest
resulting from the amendment to the definition of Applicable Margin set forth herein; provided, that any such additional
interest shall be fully earned and due on the date hereof, but not payable until the earlier of (A) the payment in full in cash
of the Obligations, (B) the occurrence of an Event of Default, and (C) April 3, 2017). The amounts to be paid by the Credit Parties
set forth in this Section 6(e) shall be fully earned and due as of the date hereof, and no portion thereof when paid shall be refunded
or returned to the Credit Parties under any circumstances.

 

		7.	Amendment Fee. In consideration of the agreements contained in this Third Amendment, the
Credit Parties shall pay to the Term Agent an amendment fee equal to $200,000, which shall be fully earned and due as of the date
hereof, and payable as follows: (a) $100,000 on the date hereof (the “Amendment Fee First Installment”), and
(b) $100,000 (the “Amendment Fee Second Installment”) on the earlier of (i) the occurrence of an Event of Default,
and (ii) June 1, 2017; provided that the payment of the Amendment Fee Second Installment shall be waived if no Default or
Event of Default has occurred and is continuing and a Planned Refinancing Transaction closes prior to June 1, 2017 (including the
payment in full in cash of the Obligations).

 

		8.	Effect on Loan Documents. The Term Loan Agreement and the other Loan Documents, after giving
effect to this Third Amendment, shall be and remain in full force and effect in accordance with their terms and hereby are ratified
and confirmed in all respects. Except as expressly set forth herein, the execution, delivery, and performance of this Third Amendment
shall not operate as a waiver of any right, power, or remedy of the Term Agent or any other Secured Party under the Term Loan Agreement
or any other Loan Document, as in effect prior to the date hereof. Each Credit Party hereby ratifies and confirms in all respects
all of its obligations under the Loan Documents to which it is a party and each Credit Party hereby ratifies and confirms in all
respects any prior grant of a security interest under the Loan Documents to which it is party.

 

		9.	Further Assurances. Each Credit Party shall execute and deliver all agreements, documents
and instruments, each in form and substance satisfactory to the Term Agent, and take all actions as the Term Agent may reasonably
request from time to time, to perfect and maintain the perfection and priority of the security interest in the Collateral held
by the Term Agent and to fully consummate the transactions contemplated under this Third Amendment and the Term Loan Agreement,
as modified hereby.

 

		10.	Release. Each Credit Party hereby remises, releases, acquits, satisfies and forever discharges
Term Agent and the Term Lenders, their agents, employees, officers, directors, predecessors,

 

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			attorneys and all others acting on behalf of or at the direction of Term Agent or the Term Lenders,
of and from any and all manner of actions, causes of action, suit, debts, accounts, covenants, contracts, controversies, agreements,
variances, damages, judgments, claims and demands whatsoever, in law or in equity, which any of such parties ever had, or now has,
to the extent arising from or in connection with any act, omission or state of facts taken or existing on or prior to the Effective
Date, against Term Agent and the Term Lenders, their agents, employees, officers, directors, attorneys and all persons acting on
behalf of or at the direction of Term Agent or the Term Lenders (“Releasees”), for, upon or by reason of any
matter, cause or thing whatsoever arising under, or in connection with, or otherwise related to, the Loan Documents through the
Effective Date. Without limiting the generality of the foregoing, each Credit Party waives and affirmatively agrees not to allege
or otherwise pursue any defenses, affirmative defenses, counterclaims, claims, causes of action, setoffs or other rights they have
or may have under, or in connection with, or otherwise related to, the Loan Documents as of the Effective Date, including, but
not limited to, the rights to contest any conduct of Term Agent, the Term Lenders or other Releasees on or prior to the Effective
Date.

 

		11.	No Novation; Entire Agreement. This Third Amendment evidences solely the amendment of certain
specified terms and obligations of the Credit Parties under the Term Loan Agreement and is not a novation or discharge of any of
the other obligations of the Credit Parties under the Term Loan Agreement. There are no other understandings, express or implied,
among the Credit Parties, the Term Agent and the Term Lenders regarding the subject matter hereof or thereof.

 

		12.	Choice of Law. THIS THIRD AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW.

 

		13.	Counterparts; Facsimile Execution. This Third Amendment may be executed in any number of
counterparts and by different parties and separate counterparts, each of which when so executed and delivered shall be deemed an
original, and all of which, when taken together, shall constitute one and the same instrument. Delivery of an executed counterpart
of a signature page to this Third Amendment by facsimile (or other electronic transmission) shall be as effective as delivery of
a manually executed counterpart of this Third Amendment. Any party delivering an executed counterpart of this Third Amendment by
facsimile (or other electronic transmission) also shall deliver a manually executed counterpart of this Third Amendment but the
failure to deliver a manually executed counterpart shall not affect the validity, enforceability, and binding effect of this Third
Amendment.

 

		14.	Construction. This Third Amendment is a Loan Document. This Third Amendment and the Term
Loan Agreement shall be construed collectively and in the event that any term, provision or condition of any of such documents
is inconsistent with or contradictory to any term, provision or condition of any other such document, the terms, provisions and
conditions of this Third Amendment shall supersede and control the terms, provisions and conditions of the Term Loan Agreement.

 

		15.	Miscellaneous. The terms and provisions hereof shall be binding upon and inure to the benefit
of the parties hereto and their successors and assigns.

 

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[Signature
Pages Follow]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Third Amendment to be duly executed and delivered by their duly authorized officers of the
date first above written.

 

	 	Numerex Corp., as the Lead Borrower and a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Chief Financial Officer
	 	 	 
	 	Cellemetry LLC, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	Cellemetry Services, LLC, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	NEXTALARM, LLC, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	NUMEREX GOVERNMENT SERVICES LLC, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Treasurer

 

[Signature Page to Third Amendment to Term
Loan Agreement and Limited Waiver]

 

     

     

    

 

	 	NUMEREX SOLUTIONS, LLC, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	OMNILINK SYSTEMS INC., as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Chief Financial Officer
	 	 	 
	 	ORBIT ONE COMMUNICATIONS, LLC, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	TELEMETRY SERVICES CORPORATION, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Chief Financial Officer
	 	 	 
	 	UBLIP, INC., as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Chief Financial Officer
	 	 	 
	 	UPLINK SECURITY, LLC, as a Borrower
	 	 	 
	 	By:	/s/ Kenneth Gayron
	 	Name:	Kenneth Gayron
	 	Title:	Treasurer

 

[Signature Page to Third Amendment to Term
Loan Agreement and Limited Waiver]

 

     

     

    

 

	 	CRYSTAL FINANCIAL LLC, as Term Agent
	 	 	 
	 	By:	/s/ Christopher A. Arnold
	 	Name:	Christopher A. Arnold
	 	Title:	Senior Managing Director
	 	 	 
	 	CRYSTAL FINANCIAL SPV LLC, as Term Lender
	 	 	 
	 	By:	/s/ Christopher A. Arnold
	 	Name:	Christopher A. Arnold
	 	Title:	Senior Managing Director

 

[Signature Page to Third Amendment to Term
Loan Agreement and Limited Waiver]

 

     

     

    

 

EXHIBIT 4.2(b)

 

FORM OF COMPLIANCE CERTIFICATE

 

	To:	Crystal Financial LLC	Date:   _____________________
	 	Two International Place, 17th Floor	 
	 	Boston, MA 02110	 

 

Re:      Term
Loan Agreement dated as of March 9, 2016 (as amended, modified, supplemented or restated hereafter, the “Term Loan Agreement”)
by and among (i) Numerex Corp., a Pennsylvania corporation (the “Lead Borrower”), (ii) the other Borrowers party
thereto from time to time (together with the Lead Borrower, the “Borrowers”), (iii) the Guarantors party thereto
from time to time, (iv) the Term Lenders party thereto from time to time party, and (v) Crystal Financial LLC, as term agent (the
“Term Agent”). All capitalized terms used herein and not otherwise defined shall have the same meaning herein
as in the Term Loan Agreement.

 

The undersigned, a duly
authorized and acting Responsible Officer of the Lead Borrower, hereby certifies to you as follows:

 

		1.	No Default; Representations and Warranties.

 

		a.	To the knowledge of the undersigned Responsible Officer, except as set forth in Appendix I,
no Default or Event of Default has occurred and is continuing.

 

		b.	If a Default or Event of Default has occurred and is continuing, the Lead Borrower and its Subsidiaries
propose to take action as set forth in Appendix I with respect to such Default or Event of Default.

 

		c.	Each of the representations and warranties set forth in the Term Loan Agreement is true and correct
in all material respects as of the date hereof (without duplication of any materiality qualifier contained therein).

 

		2.	Financial Calculations. Attached hereto as Appendix II are reasonably detailed calculations
of the following, each as of the Fiscal [Month/Year] ending [_____]1:

 

		a.	Adjusted EBITDA;

 

		b.	Consolidated Fixed Charge Coverage Ratio;

 

		c.	Consolidated Total Net Leverage;

 

		d.	Churn; and

 

		e.	Liquidity.

 

 

1 Note: All calculations
to be included regardless of whether compliance with any particular covenant is required for a given reporting period under the
Term Loan Agreement.

 

     

     

    

 

		3.	No Material Accounting Changes, Etc. The financial statements furnished to the Term Agent
for the Fiscal [Month/Year] ending [_____] are complete, correct, and fairly present, in all material respects, in accordance with
GAAP, the consolidated financial position and the results of operations of the Lead Borrower and its Subsidiaries on a consolidated
basis at the close of, and the results of the Lead Borrower and its Subsidiaries’ operations and cash flows for, the period(s)
covered, subject to, with respect to the monthly financial statements, normal year-end adjustments and the absence of footnotes.
There has been no change in GAAP or the application thereof since the date of the audited financial statements furnished to the
Term Agent for the year ending [_____], other than the material accounting changes as disclosed on Appendix III hereto.

 

		4.	Intellectual Property. Except as set forth on Appendix IV hereto, there has been
no change to the information provided in Schedule 3.16 to the Term Loan Agreement since the date of the most recently delivered
compliance certificate.

 

		5.	Commercial Tort Claims. Except as set forth on Appendix V hereto, there has been
no change to the information provided in Schedule 1 to the Guaranty and Security Agreement since the date of the most recently
delivered compliance certificate.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, I have
executed this certificate as of the date first written above.

 

	 	By:_______________________________
	 	Responsible Officer of Lead Borrower
	 	 
	 	Name:_____________________________
	 	Title:______________________________

 

     

     

    

 

Appendix
I

 

Except as set forth below,
no Default or Event of Default presently exists. [If a Default or Event of Default exists, the following describes the nature of
the Default or Event of Default in reasonable detail and the steps being taken or contemplated by the Lead Borrower and its Subsidiaries
to be taken on account thereof.]

 

     

     

    

 

Appendix
II

 

A. Calculation of Adjusted EBITDA2

 

	1.	Consolidated Net Income:	$______________
	 	plus, without duplication, the following to the extent deducted in calculating such Consolidated Net Income:	 
	 	 	 
	2.	Consolidated Interest Expense:	$______________
	 	 	 
	3.	the provision for federal, state, local and foreign income taxes payable by the Lead Borrower and its Subsidiaries:	$______________
	 	 	 
	4.	depreciation and amortization expense:	$______________
	 	 	 
	5.	non-cash equity-based compensation:	$
	 	 	 
	6.	non-recurring, non-cash expenses which are deemed acceptable to the Term Agent:	$______________
	 	 	 
	7.	the fees, costs and expenses payable by the Borrowers in connection with the closing of the transactions contemplated by the Loan Documents:	$______________
	 	 	 
	8.	fees and expenses paid in connection with field examinations and wind-down analyses in accordance with Section 4.9(c) of the Term Loan Agreement:	$______________
	 	 	 
	9.	the non-cash write-off of fixed assets during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $377,000:	$______________
	 	 	 
	10.	the impairment charge taken during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $889,000:	$______________
	 	 	 
	11.	third party broker fees incurred during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease not to exceed $460,000:	$______________
	 	 	 
	12.	severance paid during the second Fiscal Quarter of 2016 in an amount not to exceed $415,000:	$______________
	 	 	 
	13.	inventory reserves taken during second Fiscal Quarter of 2016 in an amount not to exceed $435,000:	$______________
	 	 	 
	14.	goodwill impairment charges taken during the second Fiscal	 

 

 

2 For quarterly
periods prior to the Closing Date, “Adjusted EBITDA” shall be as follows: quarter ended December 31, 2015 - $1,963,000,
quarter ended September 30, 2015 - $1,664,000 and quarter ended June 30, 2015 - $3,410,000.

 

     

     

    

 

	 	Quarter of 2016 in an amount not to exceed $7,000,000:	$______________
	 	 	 
	15.	cash severance paid during July and August of 2016 in an amount not to exceed $253,000:	$______________
	 	 	 
	16.	cash costs and expenses paid in connection with relocating to a temporary headquarters at 400 Interstate North Parkway SE, Atlanta, Georgia in July of 2016 in an amount not to exceed $25,000:	$______________
	 	 	 
	17.	goodwill impairment charges taken during the fourth Fiscal Quarter of 2016 in an amount not to exceed $7,833,000:	$______________
	 	 	 
	18.	severance paid during the fourth Fiscal Quarter of 2016 in an amount not to exceed $311,598 and severance paid during the first Fiscal Quarter of 2017 in an amount not to exceed $398,821:	$______________
	 	 	 
	19.	third party professional fees for transaction related activities in the fourth Fiscal Quarter of 2016 in an amount not to exceed $111,136 and fees related to debt refinancing and amendment in the first Fiscal Quarter of 2017 to not exceed in amount of $775,000:	$______________
	 	 	 
	20.	one-time consulting costs for Inventory MRP system not to exceed $75,000 and one-time moving expenses to a new 3PL not to exceed $20,000:	$______________
	 	 	 
	21.	one-time costs related to turn down of network for 2G ATT in an amount not to exceed $25,000:	$______________
	 	 	 
	 	minus the following to the extent included in calculating such Consolidated Net Income:	 
	 	 	 
	22.	federal, state, local and foreign income tax credits of the Lead Borrower and its Subsidiaries:	$______________
	 	 	 
	23.	extraordinary gains for such period:	$______________
	 	 	 
	24.	all non-cash, non-recurring items increasing Consolidated Net Income:	$______________
	 	 	 
	25.	the sum of lines A-2 through A-21:	$______________
	 	 	 
	26.	the sum of lines A-22 through A-24:	$______________
	 	 	 
	27.	Adjusted EBITDA (line A-1 plus line A-25 minus line A-26):	$______________

 

	In compliance with minimum Adjusted EBITDA covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

B. Calculation of Consolidated Fixed Charge Coverage Ratio

 

	1.	Adjusted EBITDA (line A-27):	$______________
	 	 	 
	2.	Capital Expenditures paid in cash:	$______________
	 	plus:	 
	 	 	 
	3.	the aggregate amount (but not less than $0) of federal, state, local and foreign income taxes paid in cash:	$______________
	 	 	 
	4.	Debt Service Charges paid in cash:	 
	 	 	 
	 	a.    Consolidated Interest Expense3:	$______________
	 	 	 
	 	b.    All scheduled principal payments made or required to be made on account of Indebtedness for borrowed money (including, without limitation, principal payments in accordance with Section 1.6(a)(i) of the Term Loan Agreement and obligations with respect to Capital Leases for such period (excluding, for the avoidance of doubt, all voluntary and mandatory prepayments):	$______________
	 	 	 
	 	c.    the sum of lines B-4-a and B-4-b:	$______________
	 	 	 
	5.	Restricted Payments paid in cash:	$______________
	 	 	 
	6.	the sum of lines B-2, B-3, B-4-c and B-5:	$______________
	 	 	 
	7.	Consolidated Fixed Charge Coverage Ratio (the ratio of line B-1 to line B-6):	[__] : [__]

 

	In compliance with minimum Consolidated Fixed Charge Coverage Ratio covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

 

3 With respect to the
calculation of the amounts set forth in line B-4-a above, for each of the quarters ending on March 31, 2016, June 30, 2016, September
30, 2016 and December 30, 2016, such amounts shall be calculated by: (i) determining the actual amount thereof from the Closing
Date through such date of determination, (ii) dividing such amount by the number of days that have elapsed from the Closing Date
through such date of determination, and (iii) multiplying the result by 365.

 

     

     

    

 

C. Calculation of Consolidated Total Net Leverage

 

	1.	Net Debt:	$______________
	 	 	 
	2.	Consolidated Total Net Leverage (the ratio of line C-1 to Adjusted EBITDA (line A-27)):	[__] : [__]

 

	In compliance with maximum Consolidated Total Net Leverage covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for Calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

D. Calculation of Churn

 

	1.	Aggregate number of subscribers at the end of the period:	[__]
	 	minus	 
	 	 	 
	2.	Aggregate number of subscribers at the end of the prior period:	[__]
	 	 	 
	3.	Subscriber disconnect (line D-1 minus line D-2):	[__]
	 	 	 
	4.	Churn (line D-3 divided by line D-2):	[__]

 

	In compliance with subscriber Churn covenant, pursuant to Section 5.23
    of the Term Loan Agreement (applicable only for calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

E. Minimum Liquidity

 

	Liquidity:	$
	 	 
	Minimum Liquidity:	$5,000,000

 

	In compliance with minimum Liquidity covenant, pursuant to Section 5.23 of the Term Loan Agreement:	[Yes/No]

 

     

     

    

 

Appendix
III

 

Except as set forth below, no material changes
in GAAP or the application thereof have occurred since [the date of the most recently delivered financial statements to the Term
Agent prior to the date of this certificate]. [If material changes in GAAP or in application thereof have occurred, the following
describes the nature of the changes in reasonable detail and the effect, if any, of each such material change in GAAP or in application
thereof in the calculation of the financial covenants described in the Term Loan Agreement].

 

     

     

    

 

Appendix
IV

 

Except as set forth below, there has been no
change to the information provided in Schedule 3.16 (Intellectual Property)_to the Term Loan Agreement since the date of
the most recently delivered compliance certificate.

 

     

     

    

 

Appendix
V

 

Except as set forth below, there has been no
change to the information provided in Schedule 1 (Commercial Tort Claims) to the Guaranty and Security Agreement since the
date of the most recently delivered compliance certificate.

 

     

     

    

 

SCHEDULE 3.5

 

LITIGATION

 

Actions, suits and proceedings:

 

In re: Liperial “Savon” Easterling v. Aretz
, et al., 16 CV 1617 (Montgomery Ct, Tenn).

 

This action was filed on August 8, 2016 against Omnilink and
multiple other defendants related to the death of Mr. Easterling, the plaintiff’s son. The claims arise from the alleged
murder of Mr. Easterling by Mr. Aretz, an individual that was released on bail and ordered to wear a GPS tracking device bracelet
provided by Omnilink.

 

The claims were tendered to Omnilink’s insurance carrier,
and the insurance carrier agreed to defend Omnilink. On October 4, 2016, Omnilink filed a motion to dismiss the complaint based
on lack of personal jurisdiction and failure to state a claim. On December 2, 2016, the judge continued the motion and granted
plaintiff ninety days to conduct discovery to support plaintiff’s opposition of the motion.

 

The complaint requests that the plaintiff be awarded $20,000,000
in compensatory damages and $10,000,000 in punitive damages. Numerex believes the complaint is without merit.

 

Cen Com, Inc. v. Numerex Corp, et al., 16-2-31077-0 SEA
(Sup. Ct WA)

 

Cen Com, a former supplier of alarm monitoring services for
NextAlarm, brought an action claiming that NextAlarm allowed Amcest, the current provider of the services, to improperly gather
information owned by Cen Com to service NextAlarm’s customers.

 

The complaint does not specify the amount of damages being sought
by the plaintiff. Numerex believes that its potential liability in the event of an unfavorable outcome with respect to this matter
is likely to be less than $250,000.

 

Jeff Smith v. Numerex

 

Jeff Smith, the former Chief Technology and Innovation Officer
of Numerex, brought an action seeking reimbursement of approximately $54K in expenses that Mr. Smith claims to have incurred while
at Numerex but for which no expense reports were submitted.

 

Marc Zionts

 

Numerex received a letter from an attorney representing Marc
Zionts (former CEO) regarding his termination from Numerex on January 10, 2017. On March 29, 2017 Numerex was advised by Mr. Zionts’
counsel that, unless Numerex begins settlement discussions, Mr. Zionts may submit a request for arbitration in accordance with
the terms of his employment agreement. At this preliminary stage, Numerex does not know whether Mr. Zionts will submit a request
for arbitration or what his claims might be and cannot form a judgment as to the likelihood of an unfavorable outcome or the amount
or range of potential loss, if any.

 

     

     

    

 

Governmental audits, reviews and investigations:

 

SEC

 

On April 27, 2016, Numerex received a document preservation
notice from the Atlanta regional Office of the Securities & Exchange Commission in connection with an investigation by the
staff. The SEC inquired about the departure of executive officers of Numerex, Grant Thornton’s decision not to stand for
reappointment after completion of audit services for FY2015, and the material weaknesses reported in Numerex’s annual report
for the year ended December 31, 2015. The chair of the audit committee responded to questions from the SEC staff and since that
time, there have been no additional contact or requests for more information.

 

OFCCP

 

The Office of Federal Contract Compliance Programs (“OFCCP”)
conducted a routine audit of Numerex Corp.’s affirmative action policies. Numerex Corp. provided information requested by
the OFCCP. The OFCCP did not find any discriminatory practices but did find deficiencies in the hiring process, namely that Numerex
failed to maintain records of the gender, race, and ethnicity of all applicants and to list all openings in the state workforce
job bank. Numerex entered into a conciliation agreement under which Numerex agreed to correct such practices.

 

     

     

    

 

SCHEDULE 3.16

 

INTELLECTUAL PROPERTY

 

		1.	Patents

 

	Country	Application No.	Patent No	Filing Date	Issue Date	Title	Registrant
	US	09/666,042	6,718,177	9/20/2000	4/6/2004	System for Communicating Messages Via a Forward Overhead Control Channel for a Programmable Logic Control Device	Numerex Corp.
	US	10/038,089	6,882,843	1/2/2002	4/19/2005	Multiple Wireless Data Transport Transceiver System	Numerex Corp.
	US	09/083,079	6,311,060	5/21/1998	10/30/2001	Method and System for Registering the Location of a Mobile Cellular Communications Device	Numerex Corp.
	US	10/008,100	7,225,459	11/13/2001	5/29/2007	Methods and Systems for Dynamically Adjusting Video Bit Rates	Numerex Corp.
	US	08/769,142	5,873,043	12/18/1996	2/16/1999	System for Communicating Messages Via a Forward Overhead Control Channel	Numerex Corp.
	US	09/699,312	6,856,808	10/27/2000	2/15/2005	Interconnect System and Method for Multiple Protocol Short Message Services	Numerex Corp.
	US	10/262,372	6,718,237	9/30/2002	4/6/2004	Communications Device for Conveying Geographic Location Information Over Capacity Constrained Wireless Systems	Numerex Corp.
	US	09/549,761	6,738,647	4/14/2000	5/18/2004	Method and System for Expanding the Data Payload of Data Messages Transported Via a Cellular Network Control Channel	Numerex Corp.
	US	09/082,694	6,311,056	5/21/1998	10/30/2001	Method and System for Expanding the Data Capacity of a Cellular Network Control Channel	Numerex Corp.
	US	10/773,692	7,272,494	2/6/2004	9/18/2007	Communication Device for Conveying Geographic Location Information Over Capacity Constrained Wireless Systems	Numerex Corp.
	US	10/770,326	7,151,943	2/2/2004	12/19/2006	System for Communicating Messages Via a Forward Overhead Control Channel for a Programmable Logic Control Device	Numerex Corp.
	US	10/885,445	7,245,928	7/6/2004	7/17/2007	Method and System for Improved Short Message Services	Numerex Corp.
	US	10/952,710	7,233,802	9/29/2004	6/19/2007	Interconnect System and Method for Multiple Protocol Short Message Services	Numerex Corp.
	US	11/811,855	7,680,505	6/12/2007	3/16/2010	Telemetry Gateway	Numerex Corp.

 

     

     

    

 

	US	12/704,290	8,060,067	2/11/2010	11/15/2011	Method and System for Efficiently Routing Messages	Numerex Corp.
	US	13/247,316	8,543,146	9/28/2011	9/24/2013	Method and System for Efficiently Routing Messages	Numerex Corp.
	US	13/848,804	8,903,437	3/22/2013	12/2/2014	Method and System for Efficiently Routing Messages	Numerex Corp.
	US	10/959,809	7,783,508	10/6/2004	8/24/2010	Method and System for Refining Vending Operations Based on Wireless Data	Numerex Corp.
	US	10/877,354	7,650,285	6/25/2004	1/19/2010	Method and System for Adjusting Digital Audio Playback Sampling Rate	Numerex Corp.
	US	12/012,848	8,265,605	2/6/2008	9/11/2012	Service escrowed transportable wireless event reporting system	Numerex Corp.
	US	13/568,559	8,543,097	8/7/2012	9/24/2013	Service escrowed transportable wireless event reporting system	Numerex Corp.
	US	13/971,935	8,855,716	8/21/2013	10/7/2014	Service escrowed transportable wireless event reporting system	Numerex Corp.
	US	12/002,215	7,880,599	12/14/2007	2/1/2011	Method and System for Remotely Monitoring the Operations of a Vehicle	Numerex Corp.
	US	12/002,091	7,936,256	12/14/2007	5/3/2011	Method and System for Interacting with a Vehicle over a Mobile Radiotelephone Network	Numerex Corp.
	US	12/290,048	8,738,046	10/27/2008	5/27/2014	Intelligent Short Message Delivery System and Method	Numerex Corp.
	US	12/713,916	8,041,383	2/26/2010	10/18/2011	Digital Upgrade System and Method	Numerex Corp.
	US	13/234,712	8,483,748	9/16/2011	7/9/2013	Digital Upgrade System and Method	Numerex Corp.
	US	13/911,554	8,868,059	6/6/2013	10/21/2014	Digital Upgrade System and Method	Numerex Corp.
	US	12/640,688	8,112,285	12/17/2009	2/7/2012	Method and System for Improving Real-Time Data Communications	Numerex Corp.
	US	12/985,989	8,126,764	1/6/2011	2/28/2012	Communication of Managing Vending Operations Based on Wireless Data	Numerex Corp.
	US	12/860,231	8,214,247	8/20/2010	7/3/2012	Method and System for Refining Vending Operations Based on Wireless Data	Numerex Corp.
	US	13/491,079	8,484,070	6/7/2012	7/9/2013	Method and System for Managing Vending Operations Based on Wireless Data	Numerex Corp.
	US	12/985,975	8,269,618	1/6/2011	9/18/2012	Method and System for Remotely Monitoring the Location of a Vehicle	Numerex Corp.
	US	13/040,563	8,253,549	3/4/2011	8/28/2012	Method and System for Interacting with a Vehicle over a Mobile Radiotelephone Network	Numerex Corp.
	US	13/561,313	8,547,212	7/30/2012	10/1/2013	Method and System for Interacting with a Vehicle over a Mobile Radiotelephone Network	Numerex Corp.

 

     

     

    

 

	US	14/043,363	9,084,197	10/1/2013	7/14/2015	Method and System for Interacting with a Vehicle over a Mobile Radiotelephone Network	Numerex Corp.
	US	13/345,018	8,412,186	1/6/2012	4/2/2013	Method and system for managing subscriber identity modules on wireless networks for machine to-machine applications	Numerex Corp.
	US	13/681,460	8,611,891	11/20/2012	12/17/2013	Method and system for managing subscriber identity modules on wireless networks for machine to-machine applications	Numerex Corp.
	US	14/079,936	9,414,240	11/14/2013	8/9/2016	Method and system for managing subscriber identity modules on wireless networks for machine to-machine applications	Numerex Corp.
	US	13/456,662	8,705,716	4/26/2012	4/22/2014	Interactive Control of Alarm Systems by Telephone Interface Using an Intermediate Gateway	Numerex Corp.
	US	13/413,333	8,705,704	3/6/2012	4/22/2014	Delivery of Alarm System Event Data and Audio Over Hybrid Network	Numerex Corp.
	US	13/438,941	8,798,260	4/4/2012	8/5/2014	Delivery of Alarm System Event Data and Audio	Numerex Corp.
	US	14/450,787	9,462,135	8/4/2014	10/4/2016	Delivery of Alarm System Event Data and Audio	Numerex Corp.
	US	14/013,637	9,153,124	8/29/2013	10/6/2015	Alarm Sensor Supporting Long-Range Wireless Communication	Numerex Corp.
	US	14/039,573	9,177,464	9/27/2013	11/3/2015	Method and system for untethered two-way voice communication for an alarm system	Numerex Corp.
	US	10/462,708	7,245,703	6/17/2003	7/17/2007	Alarm Signal Interceptor, Middleware Processor, and Re-Transmitter Using Caller ID	Numerex Corp.
	US	10/861,790	7,440,554	6/7/2004	10/21/2008	Alarm Signal Interceptor, Middleware Processor, and Re-Transmitter	Numerex Corp.
	US	11/226,857	7,593,512	9/14/2005	9/22/2009	Private VOIP network for Security System Monitoring	Numerex Corp.
	US	11/348,291	7,734,020	2/6/2006	6/8/2010	Two-way Voice and Voice over IP receivers for Alarm Systems	Numerex Corp.
	US	11/517,025	7,613,278	9/7/2006	11/3/2009	Alarm System Activation Platform	Numerex Corp.
	US	12/018,724	8,369,487	1/23/2008	2/5/2013	Enhanced 911 notification for Internet Enabled Alarm Systems	Numerex Corp.
	US	12/504,709	9,131,040	7/17/2009	9/8/2015	Alarm System for use over Satellite Broadband	Numerex Corp.
	US	13/004,917	8,509,391	1/12/2011	8/13/2013	Wireless VoIP Network for Security System Monitoring	Numerex Corp.
	US	13/939,460	9,094,410	7/11/2013	7/28/2015	Wireless VoIP Network for Security System Monitoring	Numerex Corp.
	US	13/194,912	9,054,893	7/30/2011	6/9/2015	Alarm System IP Network with PSTN Output	Numerex Corp.

 

     

     

    

 

	US	14/598,737	9,356,798	1/16/2015	5/31/2016	Alarm System IP Network with PSTN Output	Numerex Corp.
	US	14/075,467	9,235,855	11/8/2013	1/12/2016	Delivery of Security Solutions Based on Demand	Numerex Corp.
	US	14/272,709	9,510,180	5/8/2014	11/29/2016	Mobile Management Message Distribution and Active On-Network Determination	Numerex Corp.
	US	14/862,701	 	9/23/2015	 	Mobile Management Message Distribution and Active On-Network Determination	Numerex Corp
	US	14/185,209	9,350,871	2/20/2014	5/24/2016	Delivery of Alarm System Event Data and Audio Over Hybrid Network	Numerex Corp
	US	14/332,794	9,183,730	7/16/2014	11/10/2015	Method and System for Mitigating Invasion Risk Associated with Stranger Interactions in a Security System Environment	Numerex Corp
	US	14/559,190	 	12/3/2014	 	Method and System for Managing a Location Detector	Numerex Corp
	US	14/525,808	 	10/28/2014	 	Method and System for Generating Geofences for Managing Offender Movement	Numerex Corp
	US	14/534,746	9,582,982	11/6/2014	2/28/2017	Method and System for Energy Managed of an Offender Monitor	Numerex Corp
	US	14/524,232	 	10/27/2014	 	Offender Monitor with Managed Rate of Location Reading	Numerex Corp
	US	14/525,786	9,401,082	10/28/2014	7/26/2016	Offender Monitor with Orientation Based Monitoring	Numerex Corp
	US	14/522,965	9,449,497	10/24/2014	9/20/2016	Method and System for Detecting Alarm System Tampering	Numerex Corp
	US	11/040,636	7,323,970	1/21/2005	1/29/2008	Method and System for Remote Interaction with a Vehicle via Wireless Communication	Numerex Corp
	US	14/789,085	 	7/1/2015	 	Method and System for Locating a Wireless Tracking Device	Numerex Corp
	US	14/789,089	9,503,848	7/1/2015	11/22/2016	Method and System for Locating a Wireless Tracking Device Associated with a Network of Alarm Panels	Numerex Corp
	US	13/081,954	9,119,013	4/7/2011	8/25/2015	Satellite Based Tracking and Data Device with Multi-Function Radio Frequency Interface	Numerex Corp
	US	13/092,652	 	4/22/2011	 	Analytical Scoring Engine for Remote Device Data	Numerex Corp
	US	13/209,536	8,769,111	8/15/2011	7/1/2014	IP Network Service Redirector Device and Method	Numerex Corp
	US	13/435,231	8,990,915	3/30/2012	3/24/2015	Local Data Appliance for Collecting and Storing Remote Sensor Data	Numerex Corp
	US	13/484,973	9,214,082	5/31/2012	12/15/2015	System and Method for Alarm System Tamper Detection and Reporting	Numerex Corp
	US	13/485,030	9,325,814	5/31/2012	8/9/2016	Wireless SNMP Agent Gateway	Numerex Corp

 

     

     

    

 

	US	13/607,955	8,761,795	9/10/2012	6/24/2014	Dynamic Reverse Geofencing	Numerex Corp
	US	14/312,037	 	6/23/2014	 	Dynamic Reverse Geofencing	Numerex Corp
	US	13/644,001	8,970,364	10/3/2012	3/3/2015	Method and System for Remote Coupling Security System Control	Numerex Corp
	US	13/734,352	9,207,331	1/4/2013	12/8/2015	Using Statistical Analysis to Infer an Accurate GPS Location for Use in Tracking Devices	Numerex Corp
	US	13/865,601	9,041,527	4/18/2013	5/26/2015	System and Method for Using Alarm System Zones for Remote or Mobile Objects	Numerex Corp
	US	14/721,472	 	5/26/2015	 	System and Method for Using Alarm System Zones for Remote or Mobile Objects	Numerex Corp
	US	14/538,569	 	11/11/2014	 	System and Method for Employing Base Stations to Track Mobile Devices	Numerex Corp
	US	14/552,768	 	11/25/2014	 	System and Method for Interfacing 2G Applications with a 3G/4G Cellular Radio Network	Numerex Corp
	US	14/794,586	 	7/8/2015	 	Depletion Mode MOSFET Power Supply	Numerex Corp
	US	14/794,602	 	7/8/2015	 	System and Method for Camera Registration	Numerex Corp
	US	14/830,574	 	8/19/2015	 	Motor Fault Detection System and Method	Numerex Corp
	US	14/872,780	 	10/1/2015	 	Coordination of Gas Pump with Tank Level Sensors for Fraud Detection	Numerex Corp
	US	14/872,997	 	10/1/2015	 	Closed Tank Fill Level Sensor	Numerex Corp
	US	11/804,199	7,680,471	5/17/2007	3/16/2010	System and method for prolonging wireless data product's life	Numerex Corp
	US	13/750,205	9,215,578	1/25/2013	12/15/2015	Monitoring Systems and Methods	Omnilink Systems Inc.
	US	12/112,695	8,115,621	4/30/2008	2/14/2012	Device for Tracking the Movement of Individuals or Objects	Omnilink Systems Inc.
	US	11/935,858	8,547,222	11/6/2007	10/1/2013	System and Method of Tracking the Movement of Individuals and Assets	Omnilink Systems Inc.
	US	11/935,833	7,518,500	11/6/2007	4/14/2009	System and Method for Monitoring Alarms and Responding to the Movement of Individuals and Assets	Omnilink Systems Inc.
	US	12/350,678	7,864,047	1/8/2009	1/4/2011	System and Method for Monitoring Alarms and Responding to the Movement of Individuals and Assets	Omnilink Systems Inc.
	US	13/937,941	9,373,241	7/9/2013	6/21/2016	System and Method of Tracking the Movement of Individuals and Assets	Omnilink Systems Inc.

 

     

     

    

 

	US	12/794,500	8,489,113	6/4/2010	7/16/2013	Method and System for Tracking, Monitoring and/or Changing Tracking Devices including Wireless Energy Transfer Features	Omnilink Systems Inc.
	US	12/639,524	8,831,627	12/16/2009	9/9/2014	System and Method for Tracking Monitoring, Collecting, Reporting and Communicating with the Movement of Individuals	Omnilink Systems Inc.
	US	29/279,448	D578,918	5/1/2007	10/21/2008	Offender Monitor	Omnilink Systems Inc.
	US	08/969,146	6,154,648	11/12/1997	11/28/2000	METHODS AND APPARATUS FOR COMMUNICATING DATA VIA A CELLULAR MOBILE RADIOTELEPHONE SYSTEM	Numerex Corp.
	US	09/160,512	6,108,537	9/24/1998	8/22/2000	METHOD AND SYSTEM FOR PERFORMING A PREDETERMINED OPERATION RELATED TO A PREDETERMINED CLASS OF CELLULAR SOURCES	Numerex Corp.
	US	15/222,164	 	7/28/2016	 	Offender Monitor Messaging System	Numerex Corp.
	US	15/158,088	 	5/18/2016	 	System and Method of Using Pick-up, Drop-off Geofence for Mobile Devices	Numerex Corp.
	US	14/991,031	9,536,417 	1/8/2016	 1/2/2017	Method and System for Hierarchical Management of Personal Emergency Response System (PERS) Devices	Numerex Corp.
	US	14/991,028	 	1/8/2016	 	Method and System for Locating a Personal Emergency Response System (PERS) Device Based on Real Estate Lockbox Interaction	Numerex Corp.
	US	15/331,364	 	10/21/2016	 	Method and System for Locating a Wireless Tracking Device Associated with a Network of Alarm Panels	Numerex Corp.

 

     

     

    

 

		2.	Trademarks

 

	MARK	COUNTRY	SERIAL

NO.	FILING

DATE	REG. NO.	REG.

DATE	STATUS      CODE	OWNER
		United States	77894440	12/16/2009	3906542	1/18/2011	REGISTERED	Numerex Corp
	 	Canada	1463075	12/16/2009	TMA815774	1/19/2012	REGISTERED	Numerex Corp
		CTM	8766371	12/17/2009	8766371	6/11/2010	REGISTERED	Numerex Corp
		Mexico	1055804	12/18/2009	1146967	3/5/2010	REGISTERED	Numerex Corp
		Mexico	1055805	12/18/2009	1150111	3/24/2010	REGISTERED	Numerex Corp

 

     

     

    

 

		Mexico	1055806	12/18/2009	1146300	3/2/2010	REGISTERED	Numerex Corp
	AVIDWIRELESS	United States	85721098	9/5/2012	4378893	8/6/2013	REGISTERED	Numerex Corp
	FASTRACK	United States	78047504	2/9/2001	2858718	6/29/2004	REGISTERED	Numerex Corp
	FASTRACK	Canada	1663293	2/10/2014	 	 	PENDING	Numerex Corp
	FASTRACK	CTM	12579652	2/10/2014	12579652	7/2/2014	REGISTERED	Numerex Corp
	FOCALPOINT	United States	78873454	5/1/2006	3545293	12/9/2008	REGISTERED	Omnilink Systems Inc.
	MYSHIELD	United States	86740980	8/28/2015	 	 	PENDING	Numerex Corp
	NEXTALARM	United States	86187648	2/7/2014	4784209	8/4/2015	REGISTERED	Numerex Corp
	NEXTALARM	Canada	1663294	2/10/2014	 	 	PENDING	Numerex Corp
	NEXTALARM	Mexico	1502622	7/3/2014	 	 	PENDING	Numerex Corp
	NEXTALARM	Mexico	1502627	7/3/2014	 	 	PENDING	Numerex Corp
	NEXTALARM	Mexico	1502631	7/3/2014	 	 	PENDING	Numerex Corp
	NEXTALARM	Mexico	1502632	7/3/2014	 	 	PENDING	Numerex Corp
	NEXTALARM	Mexico	1502635	7/3/2014	 	 	PENDING	Numerex Corp
	NEXTALARM.COM	United States	78885124	5/16/2006	3249281	6/5/2007	REGISTERED	Numerex Corp
	NEXTALARM.COM THE BROADBAND ALARM COMPANY	United States	78929909	7/14/2006	3244717	5/22/2007	REGISTERED	Numerex Corp
	NUMEREX	United States	77710898	4/9/2009	3736251	1/12/2010	REGISTERED	Numerex Corp
	NUMEREX	Canada	1349945	6/1/2007	TMA770553	6/23/2010	REGISTERED	Numerex Corp
	NUMEREX	Canada	1454771	10/8/2009	TMA829144	8/6/2012	REGISTERED	Numerex Corp

 

     

     

    

 

	NUMEREX	CTM	8605371	10/9/2009	8605371	4/5/2010	REGISTERED	Numerex Corp
	NUMEREX	CTM	5820519	4/10/2007	5820519	7/30/2009	REGISTERED	Numerex Corp
	NUMEREX	Mexico	859369	6/5/2007	1011675	11/16/2007	REGISTERED	Numerex Corp
	NUMEREX	Mexico	859366	6/5/2007	1043373	5/30/2008	REGISTERED	Numerex Corp
	NUMEREX	Mexico	859368	6/5/2007	1104992	6/11/2009	REGISTERED	Numerex Corp
	NUMEREX	Mexico	859367	6/5/2007	1011674	11/16/2007	REGISTERED	Numerex Corp
	NUMEREX	Mexico	1024495	6/5/2007	1024495	2/20/2008	REGISTERED	Numerex Corp
	NUMEREX DNA	United States	77598236	10/22/2008	3796708	6/1/2010	REGISTERED	Numerex Corp
	NUMEREX DNA	Canada	1415685	10/24/2008	TMA783445	11/25/2010	REGISTERED	Numerex Corp
	NUMEREX DNA	CTM	8230054	4/21/2009	8230054	11/13/2009	REGISTERED	Numerex Corp
	NUMEREX DNA	Mexico	1002255	4/21/2009	1131018	11/23/2009	REGISTERED	Numerex Corp
	NUMEREX DNA	Mexico	1006231	5/14/2009	1127160	10/23/2009	REGISTERED	Numerex Corp
	NUMEREX DNA	Mexico	1006232	5/14/2009	1163625	6/14/2010	REGISTERED	Numerex Corp
	NUMEREX SATELLITE FLEX	United States	85385958	8/1/2011	4488845	2/25/2014	REGISTERED	Numerex Corp
	NUMEREX SMART DATA DELIVERED	CTM	12704433	3/18/2014	12704433	8/13/2014	REGISTERED	Numerex Corp
	OMNILINK	United States	78626004	5/9/2005	3156898	10/17/2006	REGISTERED	Omnilink Systems Inc.
	SMART DATA DELIVERED	United States	86112013	11/6/2013	4680617	2/3/2015	REGISTERED	Numerex Corp
	SMART DATA DELIVERED	Canada	1657958	12/27/2013	 	 	PUBLISHED	Numerex Corp
	SMART DATA DELIVERED	Mexico	1446329	1/9/2014	 	 	PENDING	Numerex Corp
	SMART DATA DELIVERED	Mexico	1446330	1/9/2014	 	 	PENDING	Numerex Corp
	SMARTDATADELIVERED	Canada	1661235	1/27/2014	 	 	PUBLISHED	Numerex Corp
	SMARTDATADELIVERED	Mexico	1451208	1/27/2014	 	 	PENDING	Numerex Corp

 

     

     

    

 

	SMARTDATADELIVERED	Mexico	1451209	1/27/2014	 	 	PENDING	Numerex Corp
	THE BROADBAND ALARM COMPANY	United States	78785181	1/4/2006	3175728	11/21/2006	REGISTERED	Numerex Corp
	UPLINK	United States	78691601	8/12/2005	3279435	8/14/2007	REGISTERED	Uplink Security, LLC
	UPLINK	United States	78106931	2/5/2002	4013326	8/16/2011	REGISTERED	Uplink Security, LLC
	UPLINK	United States	86190829	2/11/2014	4683816	2/10/2015	REGISTERED	Uplink Security, LLC
	UPLINK	Canada	1465547	1/12/2010	TMA839360	1/11/2013	REGISTERED	Uplink Security, LLC
	UPLINK	CTM	5915327	5/18/2007	5915327	3/16/2010	REGISTERED	Uplink Security, LLC
	UPLINK	Mexico	1501264	6/30/2014	 	 	PENDING	Uplink Security, LLC
	UPLINK	Mexico	1501263	6/30/2014	 	 	PENDING	Uplink Security, LLC
	UPLINK	Mexico	1501262	6/30/2014	 	 	PENDING	Uplink Security, LLC
	UPLINK	Mexico	1501260	6/30/2014	 	 	PENDING	Uplink Security, LLC
	NUMEREX INSITE	United States	86345978	7/23/2014	 	 	ABANDONED	Numerex Corp
	ACCELAVIEW	United States	85040167	5/17/2010	3932829	3/15/2011	REGISTERED	Numerex Corp
	ABBRA	United States	78567205	2/14/2005	3076222	4/4/2006	REGISTERED	Numerex Corp
	MACHINES TRUST US	United States	77592395	10/14/2008	3675590	9/1/009	REGISTERED	Numerex Corp
	ALL TERRAIN M2M	United States	77978685	4/2/2008	3782717	4/27/2010	REGISTERED	Numerex Corp
	NUMEREX FAST	United States	77920341	1/26/2010	3906634	1/18/2011	REGISTERED	Numerex Corp
	NUMEREX DNA DEVICE NETWORK APPLICATION	United States	77917829	1/22/2010	3840747	8/31/2010	REGISTERED	Numerex Corp

 

     

     

    

 

	V-NOTIFY	United States	77084419	1/17/2007	3333730	11/13/2007	REGISTERED	Numerex Corp
	E-NOTIFY	United States	77084414	1/17/2007	3403769	3/25/2008	REGISTERED	Numerex Corp
	ORBITRAX	United States	77004275	9/21/2006	3264104	7/17/2007	REGISTERED	Numerex Corp
	CELLEMETRY	United States	74493789	2/23/1994	2004693	10/1/1996	REGISTERED	Numerex Corp
	DCX	United States	74437904	9/20/1993	1941980	12/19/1995	REGISTERED	Numerex Corp
	DERIVED CHANNEL MULTIPLEX	United States	74437859	9/20/1993	1937727	11/28/1995	REGISTERED	Numerex Corp
	UPLINK REMOTE	United States	86187670	2/7/2014	4677682	1/27/2015	REGISTERED	Uplink Security, LLC
	UPLINK GPS	United States	85818059	1/8/2013	4546091	6/10/2014	REGISTERED	Uplink Security, LLC
	U-TRAC BY UPLINK	United States	77759381	6/15/2009	3826255	7/27/2010	REGISTERED	Uplink Security, LLC

 

		3.	Copyrights

 

None.

 

		4.	Internet Domains

 

	alzcomfortzone.com
	comfortzonecheckin.com
	lbsdeveloper.com
	lbsdevelopment.com
	lbsgateway.com
	lbsplatform.com
	lbsprofessionalservices.com
	lbsproserve.com
	m2mwirelessdevices.com
	omnilink.com
	omnilinkalert.com

 

     

     

    

 

	omnilinkalerts.com
	omnilinkfocalpoint.com
	omnilinkfocalpt.com
	omnilinkfpt.com
	omnilinkjs.com
	omnilinkjudicial.com
	omnilinksafereturn.com
	omnilinksafereturns.com
	omnilinksoftware.com
	omnilinksys.com
	omnilinksystems.com
	omnilinkve.com
	omnilinkvirtualearth.com
	tscgateway.com
	tscgateway.net
	universaltracker.com
	virtualearthconsulting.com
	virtualearthdevelopment.com
	virtualearthps.com
	ACCUTRAX.COM
	ACCUTRAX.INFO
	ACCUTRAX.MOBI
	ACCUTRAX.US
	ACCUTRAXLIVE.COM
	ACCUTRAXLIVE.NET
	ACCUTRAXONLINE.NET
	ACCUTRAXWEB.COM
	ACCUTRAXWEB.NET
	FELIX-DATA.COM
	FELIXADMIN.COM
	FELIXCONTROL.COM
	FELIXLITE.COM
	FELIXLITE.NET
	FELIXLIVE.COM
	FELIXLIVE.NET
	FELIXLOGISTICS.COM
	FELIXMANAGER.COM
	FELIXMAPPING.COM
	FELIXMOBILE.COM
	FELIXMOBILE.NET
	FELIXTAV.COM

 

     

     

    

 

	FELIXTPM.COM
	FELIXTRACKING.COM
	FELIXVIEW.COM
	G-RFID.COM
	G-RFID.INFO
	G-RFID.NET
	G-RFID.ORG
	G-RFID.US
	I-FELIX.COM
	MYACCUTRAX.COM
	MYACCUTRAX.NET
	MYGLOBALTRACKING.COM
	MYGLOBALTRACKING.NET
	SATELLITE-RFID.COM
	SATELLITE-RFID.INFO
	SATELLITE-RFID.NET
	SATELLITE-RFID.ORG
	SATELLITE-RFID.US
	NUMEREXDNA.COM
	NUMEREXFAST.COM
	UBLIP.COM
	I3GCORP.COM
	4GSUNRISE.COM
	accelaview.info
	accelaview.net
	accelaview.us
	accelaviewblog.com
	accelaviewdriver.com
	accelaviewdriver.info
	accelaviewdriver.net
	accelaviewdriver.us
	accelaviewfleet.com
	accelaviewfleet.info
	accelaviewfleet.net
	accelaviewfleet.us
	accelaviewonline.com
	accelaviewshop.com
	accelaviewstore.com
	ACCUTAV.BIZ
	ACCUTAV.COM
	ACCUTAV.INFO

 

     

     

    

 

	ACCUTAV.MOBI
	ACCUTAV.NET
	ACCUTAV.ORG
	ACCUTAV.US
	ACTIVATEUPLINK.COM
	AIRDESK.NET
	AIRDESKWIRELESS.COM
	ALARMLOGIN.COM
	ALARMLOGIN.NET
	ALARMLOGIN.US
	ASKUPLINK.COM
	CELLEMETRY.COM
	CELLEMETRY.NET
	CELLEMETRY.ORG
	CELLEMETRYAPPS.COM
	CPNFORUM.COM
	DCXSYS.COM
	DIGILOG.COM
	FAST-SCO.COM
	FAST-UPLINK.COM
	FASTRACKFLEET.COM
	FASTRACKMOBILE.COM
	FASTRACKXPRESS.COM
	FTFLEET.COM
	GOUPLINK.NET
	GPRSXPRESS.COM
	M2MEXCHANGE.NET
	M2MEXCHANGE.ORG
	M2MXCHANGE.COM
	M2MXCHANGE.NET
	M2MXCHANGE.ORG
	MBLGPS.COM
	myaccelaview.com
	MYALARM.INFO
	MYMOBILEFASTRACK.COM
	MYMOBILEGUARDIAN.COM
	MYMOBILEGUARDIAN.NET
	MYUPLINKCONNECT.COM
	MYUPLINKGPS.COM
	MYUPLINKINTERACTIVE.COM
	MYUPLINKMOBILE.COM

 

     

     

    

 

	MYUPLINKREMOTE.COM
	MYUPLINKSECURITY.COM
	MYWIRELESSCONNECTIONS.COM
	MYWIRELESSCONNECTIONS.NET
	NEXTALARM.COM
	NEXTALARM.INFO
	NEXTALARM.NET
	NEXTALARM.ORG
	NEXTALARM.US
	NEXTVIEWCAM.COM
	NMRX.COM
	NMRX.NET
	NMRX.ORG
	NUMEREX-IOT.COM
	NUMEREX.COM
	NUMEREX.NET
	NUMEREX.ORG
	NUMEREXCELLPASS.COM
	NUMEREXCLOUDPASS.COM
	NUMEREXCOMMPASS.COM
	NUMEREXCOMPASS.COM
	NUMEREXCONNECTPASS.COM
	NUMEREXCORP.COM
	NUMEREXCORP.NET
	NUMEREXDATAPASS.COM
	NUMEREXFASTPASS.COM
	NUMEREXFASTRACK.COM
	NUMEREXFLEX.COM
	NUMEREXM2MSOLUTIONS.COM
	NUMEREXMEXICO.COM
	NUMEREXMOBILE.COM
	NUMEREXPASSPORT.COM
	NUMEREXPRESS.COM
	NUMEREXSOLUTIONS.COM
	NUMEREXSOLUTIONS.NET
	NUMEREXVENDING.COM
	NUMEREXVENDING.NET
	NUMEREXWORLDPASS.COM
	ONEHOURSECURITY.COM
	ORBIT-ONE.COM
	PORTABLEM2M.COM

 

     

     

    

 

	PORTABLEM2M.NET
	PORTABLEM2M.ORG
	POWEREDBYNUMEREX.COM
	REMOTEARM.ME
	SATELLITEFLEX.COM
	SATELLITEHERO.COM
	SMARTDATADELIVERED.BIZ
	SMARTDATADELIVERED.COM
	SMARTDATADELIVERED.INFO
	SMARTDATADELIVERED.MOBI
	SMARTDATADELIVERED.NET
	SMARTDATADELIVERED.ORG
	SMARTDATADELIVERED.US
	U-TARQCARGO.NET
	U-TRAQ.COM
	U-TRAQ.NET
	U-TRAQASSETS.COM
	U-TRAQASSETS.NET
	U-TRAQAUTO.COM
	U-TRAQAUTO.NET
	U-TRAQAUTOPRO.COM
	U-TRAQAUTOPRO.NET
	U-TRAQCARGO.COM
	U-TRAQFLEET.COM
	U-TRAQFLEET.NET
	U-TRAQMINI.COM
	U-TRAQMINI.NET
	U-TRAQMINIC.COM
	U-TRAQMINIC.NET
	U-TRAQPETS.COM
	U-TRAQPETS.NET
	UPLINK.COM
	UPLINK2GIG.COM
	UPLINKBILLING.COM
	UPLINKCONNECT.COM
	UPLINKGPS.COM
	UPLINKINTERACTIVE.COM
	UPLINKREMOTE.COM
	UPLINKSECURITY.COM
	UPLINKTRACKER.COM
	UPLINKTRACKER.NET

 

     

     

    

 

	UPLINKTRACKING.COM
	UPLINKTRACKING.NET
	UTRAQAUTO.COM
	UTRAQAUTO.NET
	UTRAQCARGO.COM
	UTRAQCARGO.NET
	UTRAQFLEET.COM
	UTRAQFLEET.NET
	UTRAQNOW.COM
	UTRAQNOW.NET
	UTRAQPETS.COM
	UTRAQPETS.NET
	VENDMONITOR.COM
	VENDMONITOR.NET
	VENDVIEW.COM
	VENDVIEW.NET
	VOIP-ALARM.CO
	VOIPALARM.CO
	VOIPALARM.COM
	NMRXALERTS.com

 

		5.	IP Licenses

 

Settlement Agreement effective July 16, 2010 by and between
Satellite Tracking of People, LLC and Michelle Enterprises, LLC and Omnilink Systems Inc.

 

Supplemental Settlement Agreement effective May 19, 2014 by
and between Satellite Tracking of People, LLC and Omnilink Systems Inc.

 

     

     

    

 

SCHEDULE 3.19

 

VENTURES, SUBSIDIARIES, AND AFFILIATES;
OUTSTANDING STOCK

 

 

	Issuer	Type of

Organization	# of Shares

Owned	Total Shares

Outstanding	Owner	Certificate No. 

(if uncertificated, please

indicate so)	Par Value (if

any)
	uBlip, Inc.	Georgia Corp.	1,000	1,000	Numerex Corp.	1	None
	Omnilink Systems Inc.	Delaware Corp	10	10	Numerex Corp.	1	$0.01
	Telemetry Services Corporation	Delaware Corp	100,000	100,000	Omnilink Systems Inc.	1	$0.0001
	Cellemetry LLC	Delaware LLC	100%	N/A	Numerex Corp.	Uncertificated	N/A
	CELLEMETRY SERVICES, LLC	Georgia LLC	100%	N/A	Numerex Corp.	Uncertificated	N/A
	Numerex Government Services LLC	Georgia LLC	100%	N/A	Numerex Corp.	Uncertificated	N/A
	NUMEREX SOLUTIONS, LLC	Delaware LLC	100%	N/A	Numerex Corp.	Uncertificated	N/A
	Orbit One Communications, LLC	Georgia LLC	100%	N/A	Numerex Corp.	Uncertificated	N/A
	Uplink Security, LLC	Georgia LLC	100%	N/A	Cellemetry LLC	Uncertificated	N/A
	NextAlarm, LLC	Georgia LLC	100%	N/A	Numerex Corp.	Uncertificated	N/A

 

Numerex Corp. also owns 100% of DCX Systems Australia PTY Ltd.,
an Australian Entity. Numerex Corp’s ownership interest in this entity is uncertificated. Omnilink Systems Inc. also owns
100% of Omnilink Systems Pvt Ltd, an Indian entity that is in the process of dissolution. Omnilink Systems Inc.’s ownership
interest in this subsidiary is uncertificated.

 

     

     

    

 

 

 

Joint Ventures, Partnerships and Affiliations:

 

None.

 

Pre-emptive or other outstanding rights to purchase, options,
warrants or similar rights or agreements:

 

Kenneth Rainin Foundation holds a warrant to purchase 125,000
Common Shares of the Company.

 

Options and Restricted Stock Units granted under the 2014 Long
Term Incentive Plan

 

Options and Restricted Stock Units granted under the 2011 Long
Term Incentive Plan

 

     

     

    

 

SCHEDULE 3.20

 

JURISDICTION OF ORGANIZATION; CHIEF EXECUTIVE
OFFICE

 

 

	Legal Name	Jurisdiction of

Organization	Organizational

Identification

Number	Location of Chief Executive

Office or Sole Place of

Business
	Numerex Corp.	PA	2569500	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	Cellemetry LLC	DE	2896495	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	CELLEMETRY SERVICES, LLC	GA	0506174	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	NextAlarm, LLC	GA	12079521	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	Numerex Government Services LLC	GA	09063449	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	NUMEREX SOLUTIONS, LLC	DE	3361359	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	Orbit One Communications, LLC	GA	07061836	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	uBlip, Inc.	GA	08077547	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	Uplink Security, LLC	GA	08096034	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	Omnilink Systems Inc.	DE	3840422	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339
	Telemetry Services Corporation	DE	4012995	400 Interstate North Parkway, Suite 1350 

Atlanta, GA 30339

 

     

     

    

 

SCHEDULE 3.21

 

LOCATIONS OF INVENTORY, EQUIPMENT AND
BOOKS AND RECORDS (UPDATED)

 

Locations of Inventory and Equipment

 

	
        400 Interstate North Parkway SE, Suite 1350

        Atlanta, GA 30339
	
        1210 Roosevelt St., Suite 200

        Edmond, OK 73034

	8144 Walnut Hill Lane

Suite 310

Dallas, TX 75231	1095 Windward Ridge

Building 300, Ste. 160

Alpharetta, GA 30005
	5900 Windward Parkway #200

Alpharetta, GA 30005	275 S. Main Street, Suite 2CC

Doylestown, PA 18902
	
        Encompass Supply Chain Solutions, Inc.

        775 Tipton Industrial Drive, Suite D

        Lawrenceville, GA 30046

        (third party logistics)
	IntegraCore, LLC

7280 Oakley Industrial Boulevard

Fairburn, GA 30213

(third party logistics)
	
        Telegent EMS LLC

        102 Technology Way

        Havana, FL 32333

        (third party manufacturer)
	
        Morey Corp.

        100 Morey Drive

        Woodridge, IL 60517

        (third party manufacturer)

	
        Catcon Products, Inc.

        7709 Sand Street

        Fort Worth, TX 76118

        (third party manufacturer)
	
        Amware Logistic Services

        4505 Newpoint Place

        Lawrenceville, GA 30043

	
        Vital Support

        5515 Nobel Drive

        Fitchburg, WI 53711

        (data center)
	
        AT&T

        375 Riverside Parkway

        Lithia Springs, GA 30122

        (data center)

 

Location of Books and Records for all entities

 

400 Interstate North Parkway SE, Suite 1350

Atlanta, GA 30339Exhibit 10.3

 

FOURTH AMENDMENT TO TERM
LOAN AGREEMENT

 

This FOURTH AMENDMENT to
TERM LOAN AGREEMENT, dated as of May [__], 2017 (this “Fourth Amendment”), by and among Numerex Corp.,
a Pennsylvania corporation (the “Lead Borrower”), the other Persons party hereto as that are designated as “Borrowers”
(each a “Borrower” and, together with the Lead Borrower, the “Borrowers”), the other Persons
party hereto designated as “Guarantors” (the “Guarantors”, and, together with the Borrowers, the
“Credit Parties”), Crystal Financial LLC, a Delaware limited liability company, as administrative agent and
collateral agent (in such capacities, the “Term Agent”) for the financial institutions from time to time
party to the Term Loan Agreement (collectively, the “Term Lenders” and individually each a “Term Lender”)
and for itself, the Term Lenders and the other Secured Parties.

 

W I T N E S S E T H:

 

WHEREAS, the Borrowers,
the Guarantors, the Term Agent and the Term Lenders are party to that certain Term Loan Agreement dated as of March 9, 2016, as
amended by the First Amendment to Term Loan Agreement dated as of July 29, 2016, as further amended by the Second Amendment to
Term Loan Agreement dated as of November 3, 2016, as further amended by the Third Amendment to Term Loan Agreement and Limited
Waiver dated as of March 31, 2017 (as amended, restated, supplemented or otherwise modified from time to time in accordance with
the terms thereof, the “Term Loan Agreement”), pursuant to which the Term Lenders agreed, subject to the terms
and conditions contained therein, to extend credit to the Borrowers; and

 

WHEREAS, the Credit Parties
have requested that the Term Agent and the Term Lenders effect certain amendments to the Term Loan Agreement as more specifically
set forth herein, and the Term Agent and the Term Lenders are willing to effect such amendments to the Term Loan Agreement on the
terms and conditions hereinafter set forth.

 

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

 

		1.	Defined Terms.     Except as otherwise defined in this Fourth Amendment, terms defined in the
Term Loan Agreement are used herein as defined therein.

 

		2.	Amendment to Term Loan Agreement. Subject to the satisfaction of the conditions precedent
specified in Section 5 below, the following amendments shall be incorporated into the Term Loan Agreement:

 

		(a)	Section 4.21 of the Term Loan Agreement is hereby amended by deleting the reference to “June 1, 2017” appearing
therein and inserting “June 7, 2017” in its stead.

 

		(b)	Section 10.1 of the Term Loan Agreement is hereby amended by deleting the definition of “Adjusted EBITDA” in its
entirety and substituting the following in its stead:

 

“Adjusted EBITDA”
means, for any period, for the Lead Borrower and its Subsidiaries on a Consolidated basis, an amount equal to Consolidated Net
Income for such period plus (a) without duplication, the following to the extent deducted in calculating such

 

     

     

    

 

Consolidated Net Income: (i) Consolidated
Interest Expense for such period, (ii) the provision for federal, state, local and foreign income taxes payable by the Lead Borrower
and its Subsidiaries for such period, (iii) depreciation and amortization expense for such period, (iv) non-cash equity-based compensation,
(v) non-recurring, non-cash expenses which are deemed acceptable to the Term Agent, (vi) the fees, costs, and expenses payable
by the Borrowers in connection with the closing of the transactions contemplated by the Loan Documents, (vii) fees and expenses
paid in connection with field examinations and wind-down analyses in accordance with Section 4.9(c), (viii) the non-cash write-off
of fixed assets during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $377,000,
(ix) the impairment charge taken during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to
exceed $889,000, (x) third party broker fees incurred during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease
not to exceed $460,000, (xi) severance paid during the second Fiscal Quarter of 2016 in an amount not to exceed $415,000, (xii)
inventory reserves taken during second Fiscal Quarter of 2016 in an amount not to exceed $435,000, (xiii) goodwill impairment charges
taken during the second Fiscal Quarter of 2016 in an amount not to exceed $7,000,000, (xiv) cash severance paid during July and
August of 2016 in an amount not to exceed $253,000, (xv) cash costs and expenses paid in connection with relocating to a temporary
headquarters at 400 Interstate North Parkway SE, Atlanta, Georgia in July of 2016 in an amount not to exceed $25,000, (xvi) goodwill
impairment charges taken during the fourth Fiscal Quarter of 2016 in an amount not to exceed $7,833,000, (xvii) severance paid
during the fourth Fiscal Quarter of 2016 in an amount not to exceed $311,598 and severance paid during the first Fiscal Quarter
of 2017 in an amount not to exceed $[424,000],1 (xviii) third party professional fees for transaction related activities
in the fourth Fiscal Quarter of 2016 in an amount not to exceed $111,136 and fees related to debt refinancing and amendment in
the first Fiscal Quarter of 2017 to not exceed in amount of $775,000, (xix) one-time consulting costs for Inventory MRP system
not to exceed $75,000 and one-time moving expenses to a new 3PL not to exceed $20,000, (xx) one-time costs related to turn down
of network for 2G ATT in an amount not to exceed $25,000, (xxi) a one-time non-cash write-off for deferred financing fees in an
amount not to exceed $[227,000] associated with the repayment of the Term Loans on March 31, 2017, and (xxii) a one-time consent
fee paid to Grant Thornton LLP in connection with the 2015 audit in an amount not to exceed $[75,000], and minus (b) the
following to the extent included in calculating such Consolidated Net Income: (i) federal, state, local and foreign income tax
credits of the Lead Borrower and its Subsidiaries for such period, (ii) extraordinary gains for such period and (iii) all non-cash,
non-recurring items increasing Consolidated Net Income for such period. For quarterly periods prior to the closing date, “Adjusted
EBITDA” shall be as follows: quarter ended December 31, 2015 - $1,963,000, quarter ended September 30, 2015 - $1,664,000
and quarter ended June 30, 2015 - $3,410,000.”

 

		3.	Amendment to Exhibits.Exhibit 4.2(b) to the Term Loan Agreement, the Form of
Compliance Certificate, is hereby amended by deleting said exhibit in its entirety and replacing it with the corresponding exhibit
set forth in Annex I attached hereto.

 

		4.	Representations and Warranties. Each Credit Party hereby represents and warrants that:

 

 

1
Note to Numerex: Please confirm exact dollar amounts requested for new/updated add-backs.

 

    	 	2	 

     

    

 

		(a)	After giving effect to this Fourth Amendment, no Default
or Event of Default has occurred and is continuing;

 

		(b)	the execution, delivery and performance of this Fourth Amendment by each Credit Party are all within
such Credit Party’s corporate powers, will not contravene any Requirement of Law or the terms of such Credit Party’s
Organization Documents, or any Material Contract to which such Credit Party is a party or by which such Credit Party or its property
is bound, and shall not result in the creation or imposition of any lien, claim, charge or encumbrance upon any of the Collateral,
except in favor of Term Agent and Term Lenders pursuant to the Term Loan Agreement and the other Loan Documents as amended hereby;

 

		(c)	this Fourth Amendment and each other agreement or instrument to be executed and delivered by the
Credit Parties in connection herewith have been duly authorized, executed and delivered by all necessary action on the part of
such Credit Party and, if necessary, its stockholders, as the case may be, and the agreements and obligations of each Credit Party
contained herein and therein constitute the legal, valid and binding obligations of such Credit Party, enforceable against it in
accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, receivership, moratorium
or other laws affecting creditor’s rights generally and by general principles of equity; and

 

		(d)	after giving effect to this Fourth Amendment, all representations and warranties contained in the
Term Loan Agreement and each other Loan Document are true and correct in all material respects on and as of the date hereof, except
(i) to the extent that such representations and warranties refer to an earlier date, in which case they shall be true and correct
as of such earlier date, and (ii) in the case of any representation and warranty qualified by materiality, in which case they shall
be true and correct in all respects.

 

		5.	Conditions to Effectiveness. This Fourth Amendment shall not be effective until each of
the following conditions precedent have been fulfilled to the satisfaction of the Term Agent (such date referred to herein as,
the “Effective Date”):

 

		(a)	the Term Agent shall have received this Fourth Amendment, duly executed by each of the parties
hereto;

 

		(b)	the Term Agent shall have received a duly executed and effective amendment or supplement to the
Commitment Letter, dated as of May 1, 2017, by and between HCP-FVF, LLC and the Lead Borrower, extending the expiration of such
Commitment Letter as described in Section 7(d) thereof through June 7, 2017, in form and substance acceptable to the Term Agent;

 

		(c)	after giving effect to this Fourth Amendment, no Default or Event of Default shall have occurred
and be continuing;

 

		(d)	all orders, permissions, consents, approvals, licenses, authorizations and validations of, and
filings, recordings and registrations with, and exemptions by, any Governmental Authority, or any other Person required to authorize
or otherwise required in connection with the execution, delivery and performance by each Credit Party of this Fourth

 

    	 	3	 

     

    

 

Amendment and the
transactions contemplated hereby, shall have been obtained and shall be in full force and effect; and

 

		(e)	the Credit Parties shall have paid in full all invoiced Credit Party expenses in connection with
the preparation, execution, delivery and administration of this Fourth Amendment and the other instruments and documents to be
delivered hereunder (with such fees and expenses described in this paragraph being fully earned as of the date hereof, and no portion
thereof shall be refunded or returned to the Credit Parties under any circumstances).

 

		6.	Effect on Loan Documents. The Term Loan Agreement and the other Loan Documents, after giving
effect to this Fourth Amendment, shall be and remain in full force and effect in accordance with their terms and hereby are ratified
and confirmed in all respects. Except as expressly set forth herein, the execution, delivery, and performance of this Fourth Amendment
shall not operate as a waiver of any right, power, or remedy of the Term Agent or any other Secured Party under the Term Loan Agreement
or any other Loan Document, as in effect prior to the date hereof. Each Credit Party hereby ratifies and confirms in all respects
all of its obligations under the Loan Documents to which it is a party and each Credit Party hereby ratifies and confirms in all
respects any prior grant of a security interest under the Loan Documents to which it is party.

 

		7.	Further Assurances. Each Credit Party shall execute and deliver all agreements, documents
and instruments, each in form and substance satisfactory to the Term Agent, and take all actions as the Term Agent may reasonably
request from time to time, to perfect and maintain the perfection and priority of the security interest in the Collateral held
by the Term Agent and to fully consummate the transactions contemplated under this Fourth Amendment and the Term Loan Agreement,
as modified hereby.

 

		8.	Release. Each Credit Party hereby remises, releases, acquits, satisfies and forever discharges
Term Agent and the Term Lenders, their agents, employees, officers, directors, predecessors, attorneys and all others acting on
behalf of or at the direction of Term Agent or the Term Lenders, of and from any and all manner of actions, causes of action, suit,
debts, accounts, covenants, contracts, controversies, agreements, variances, damages, judgments, claims and demands whatsoever,
in law or in equity, which any of such parties ever had, or now has, to the extent arising from or in connection with any act,
omission or state of facts taken or existing on or prior to the Effective Date, against Term Agent and the Term Lenders, their
agents, employees, officers, directors, attorneys and all persons acting on behalf of or at the direction of Term Agent or the
Term Lenders (“Releasees”), for, upon or by reason of any matter, cause or thing whatsoever arising under, or
in connection with, or otherwise related to, the Loan Documents through the Effective Date. Without limiting the generality of
the foregoing, each Credit Party waives and affirmatively agrees not to allege or otherwise pursue any defenses, affirmative defenses,
counterclaims, claims, causes of action, setoffs or other rights they have or may have under, or in connection with, or otherwise
related to, the Loan Documents as of the Effective Date, including, but not limited to, the rights to contest any conduct of Term
Agent, the Term Lenders or other Releasees on or prior to the Effective Date.

 

		9.	No Novation; Entire Agreement. This Fourth Amendment evidences solely the amendment of certain
specified terms and obligations of the Credit Parties under the Term Loan Agreement and is not a novation or discharge of any of
the other obligations of the Credit Parties under the Term Loan Agreement. There are no other understandings, express or implied,
among the Credit Parties, the Term Agent and the Term Lenders regarding the subject matter hereof or thereof.

 

    	 	4	 

     

    

 

		10.	Choice of Law. THIS FOURTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW.

 

		11.	Counterparts; Facsimile Execution. This Fourth Amendment may be executed in any number of
counterparts and by different parties and separate counterparts, each of which when so executed and delivered shall be deemed an
original, and all of which, when taken together, shall constitute one and the same instrument. Delivery of an executed counterpart
of a signature page to this Fourth Amendment by facsimile (or other electronic transmission) shall be as effective as delivery
of a manually executed counterpart of this Fourth Amendment. Any party delivering an executed counterpart of this Fourth Amendment
by facsimile (or other electronic transmission) also shall deliver a manually executed counterpart of this Fourth Amendment but
the failure to deliver a manually executed counterpart shall not affect the validity, enforceability, and binding effect of this
Fourth Amendment.

 

		12.	Construction. This Fourth Amendment is a Loan Document. This Fourth Amendment and the Term
Loan Agreement shall be construed collectively and in the event that any term, provision or condition of any of such documents
is inconsistent with or contradictory to any term, provision or condition of any other such document, the terms, provisions and
conditions of this Fourth Amendment shall supersede and control the terms, provisions and conditions of the Term Loan Agreement.

 

		13.	Miscellaneous. The terms and provisions hereof shall be binding upon and inure to the benefit
of the parties hereto and their successors and assigns.

 

[Signature Pages
Follow]

 

    	 	5	 

     

    

 

 

IN WITNESS WHEREOF, the
parties hereto have caused this Fourth Amendment to be duly executed and delivered by their duly authorized officers of the date
first above written.

 

	 	Numerex Corp., as the Lead Borrower and a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:    	Chief Financial Officer
	 	 	 
	 	Cellemetry LLC, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	Cellemetry Services, LLC, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	NEXTALARM, LLC, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	NUMEREX GOVERNMENT SERVICES LLC, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Treasurer

 

[Signature Page to Fourth Amendment to Term
Loan Agreement]

 

     

     

    

 

	 	NUMEREX SOLUTIONS, LLC, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title: 	Treasurer    
	 	 	 
	 	OMNILINK SYSTEMS INC., as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Chief Financial Officer  
	 	 	 
	 	ORBIT ONE COMMUNICATIONS, LLC, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Treasurer
	 	 	 
	 	TELEMETRY SERVICES CORPORATION, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Chief Financial Officer
	 	 	 
	 	UBLIP, INC., as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Chief Financial Officer  
	 	 	 
	 	UPLINK SECURITY, LLC, as a Borrower
	 	 	 
	 	By:	 /s/ Kenneth Gayron 
	 	Name:  	Kenneth Gayron
	 	Title:	Treasurer

 

[Signature Page to Fourth Amendment to Term
Loan Agreement]

 

     

     

    

 

	 	CRYSTAL FINANCIAL LLC, as Term Agent
	 	 	 
	 	By:	/s/ Christopher A. Arnold
	 	Name:	Christopher A. Arnold
	 	Title:	Senior Managing Director
	 	 	 
	 	CRYSTAL FINANCIAL SPV LLC, as Term Lender
	 	 	 
	 	By:	/s/ Christopher A. Arnold
	 	Name:	Christopher A. Arnold
	 	Title:	Senior Managing Director

 

[Signature Page to Fourth Amendment to Term
Loan Agreement]

 

     

     

    

 

Annex I

 

Updated Exhibit 4.2(b)

 

Form of Compliance Certificate (see attached)

 

     

     

    

 

EXHIBIT 4.2(b)

 

FORM OF COMPLIANCE CERTIFICATE

 

	To:	Crystal Financial LLC	Date:   _____________________
	 	Two International Place, 17th Floor	 
	 	Boston, MA 02110	 

 

Re:       Term
Loan Agreement dated as of March 9, 2016 (as amended, modified, supplemented or restated hereafter, the “Term Loan Agreement”)
by and among (i) Numerex Corp., a Pennsylvania corporation (the “Lead Borrower”), (ii) the other Borrowers party
thereto from time to time (together with the Lead Borrower, the “Borrowers”), (iii) the Guarantors party thereto
from time to time, (iv) the Term Lenders party thereto from time to time party, and (v) Crystal Financial LLC, as term agent (the
“Term Agent”). All capitalized terms used herein and not otherwise defined shall have the same meaning herein
as in the Term Loan Agreement.

 

The undersigned, a duly
authorized and acting Responsible Officer of the Lead Borrower, hereby certifies to you as follows:

 

		1.	No Default; Representations and Warranties.

 

		a.	To the knowledge of the undersigned Responsible Officer, except as set forth in Appendix I,
no Default or Event of Default has occurred and is continuing.

 

		b.	If a Default or Event of Default has occurred and is continuing, the Lead Borrower and its Subsidiaries
propose to take action as set forth in Appendix I with respect to such Default or Event of Default.

 

		c.	Each of the representations and warranties set forth in the Term Loan Agreement is true and correct
in all material respects as of the date hereof (without duplication of any materiality qualifier contained therein).

 

		2.	Financial Calculations. Attached hereto as Appendix II are reasonably detailed calculations
of the following, each as of the Fiscal [Month/Year] ending [_____]1:

 

		a.	Adjusted EBITDA;

 

		b.	Consolidated Fixed Charge Coverage Ratio;

 

		c.	Consolidated Total Net Leverage;

 

		d.	Churn; and

 

		e.	Liquidity.

 

 

1 Note: All calculations
to be included regardless of whether compliance with any particular covenant is required for a given reporting period under the
Term Loan Agreement.

 

     

     

    

 

		3.	No Material Accounting Changes, Etc. The financial statements furnished to the Term Agent
for the Fiscal [Month/Year] ending [_____] are complete, correct, and fairly present, in all material respects, in accordance with
GAAP, the consolidated financial position and the results of operations of the Lead Borrower and its Subsidiaries on a consolidated
basis at the close of, and the results of the Lead Borrower and its Subsidiaries’ operations and cash flows for, the period(s)
covered, subject to, with respect to the monthly financial statements, normal year-end adjustments and the absence of footnotes.
There has been no change in GAAP or the application thereof since the date of the audited financial statements furnished to the
Term Agent for the year ending [_____], other than the material accounting changes as disclosed on Appendix III hereto.

 

		4.	Intellectual Property. Except as set forth on Appendix IV hereto, there has been
no change to the information provided in Schedule 3.16 to the Term Loan Agreement since the date of the most recently delivered
compliance certificate.

 

		5.	Commercial Tort Claims. Except as set forth on Appendix V hereto, there has been
no change to the information provided in Schedule 1 to the Guaranty and Security Agreement since the date of the most recently
delivered compliance certificate.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, I have
executed this certificate as of the date first written above.

 

	 	By:_______________________________
	 	Responsible Officer of Lead Borrower
	 	 
	 	Name:_____________________________
	 	Title:______________________________

 

     

     

    

 

Appendix
I

 

Except as set forth below,
no Default or Event of Default presently exists. [If a Default or Event of Default exists, the following describes the nature of
the Default or Event of Default in reasonable detail and the steps being taken or contemplated by the Lead Borrower and its Subsidiaries
to be taken on account thereof.]

 

     

     

    

 

Appendix
II

 

A. Calculation of Adjusted EBITDA2

 

	1.	Consolidated Net Income:	$______________
	 	plus, without duplication, the following to the extent deducted in calculating such Consolidated Net Income:	 
	 	 	 
	2.	Consolidated Interest Expense:	$______________
	 	 	 
	3.	the provision for federal, state, local and foreign income taxes payable by the Lead Borrower and its Subsidiaries:	$______________
	 	 	 
	4.	depreciation and amortization expense:	$______________
	 	 	 
	5.	non-cash equity-based compensation:	$
	 	 	 
	6.	non-recurring, non-cash expenses which are deemed acceptable to the Term Agent:	$______________
	 	 	 
	7.	the fees, costs and expenses payable by the Borrowers in connection  with the closing of the transactions contemplated by the Loan Documents:	$______________
	 	 	 
	8.	fees and expenses paid in connection with field examinations
    and wind-down analyses in accordance with Section 4.9(c) of the Term Loan Agreement:	$______________
	 	 	 
	9.	the non-cash write-off of fixed assets during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $377,000:	$______________
	 	 	 
	10.	the impairment charge taken during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $889,000:	$______________
	 	 	 
	11.	third party broker fees incurred during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease not to exceed $460,000:	$______________
	 	 	 
	12.	severance paid during the second Fiscal Quarter of 2016 in an amount not to exceed $415,000:	$______________
	 	 	 
	13.	inventory reserves taken during second Fiscal Quarter of 2016 in an amount not to exceed $435,000:	$______________
	 	 	 
	14.	goodwill impairment charges taken during the second Fiscal	 

 

 

2 For quarterly
periods prior to the Closing Date, “Adjusted EBITDA” shall be as follows: quarter ended December 31, 2015 - $1,963,000,
quarter ended September 30, 2015 - $1,664,000 and quarter ended June 30, 2015 - $3,410,000.

 

     

     

    

 

	 	Quarter of 2016 in an amount not to exceed $7,000,000:	$______________
	 	 	 
	15.	cash severance paid during July and August of 2016 in an amount not to exceed $253,000:	$______________
	 	 	 
	16.	cash costs and expenses paid in connection with relocating to a temporary headquarters at 400 Interstate North Parkway SE, Atlanta, Georgia in July of 2016 in an amount not to exceed $25,000:	$______________
	 	 	 
	17.	goodwill impairment charges taken during the fourth Fiscal Quarter of 2016 in an amount not to exceed $7,833,000:	$______________
	 	 	 
	18.	severance paid during the fourth Fiscal Quarter of 2016 in an amount not to exceed $311,598 and severance paid during the first Fiscal Quarter of 2017 in an amount not to exceed $[424,000]:	$______________
	 	 	 
	19.	third party professional fees for transaction related activities in the fourth Fiscal Quarter of 2016 in an amount not to exceed $111,136 and fees related to debt refinancing and amendment in the first Fiscal Quarter of 2017 to not exceed in amount of $775,000:	$______________
	 	 	 
	20.	one-time consulting costs for Inventory MRP system not to exceed $75,000 and one-time moving expenses to a new 3PL not to exceed $20,000:	$______________
	 	 	 
	21.	one-time costs related to turn down of network for 2G ATT in an amount not to exceed $25,000:	$______________
	 	 	 
	22.	a one-time non-cash write-off for deferred financing fees in an amount not to exceed $[227,000] associated with the repayment of the Term Loans on March 31, 2017:	$______________
	 	 	 
	23.	a one-time consent fee paid to Grant Thornton LLP in connection with the 2015 audit in an amount not to exceed $[75,000]:	$______________
	 	 	 
	 	minus the following to the extent included in calculating such Consolidated Net Income:	 
	 	 	 
	24.	federal, state, local and foreign income tax credits of the Lead Borrower and its Subsidiaries:	$______________
	 	 	 
	25.	extraordinary gains for such period:	$______________
	 	 	 
	26.	all non-cash, non-recurring items increasing Consolidated Net Income:	$______________
	 	 	 
	27.	the sum of lines A-2 through A-23:	$______________

 

     

     

    

 

	28.	the sum of lines A-24 through A-26:	$______________
	 	 	 
	29.	Adjusted EBITDA (line A-1 plus line A-27 minus line A-28):	$______________

 

	In compliance with minimum Adjusted EBITDA covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

B. Calculation of Consolidated Fixed Charge Coverage Ratio

 

	1.	Adjusted EBITDA (line A-29):	$______________
	 	 	 
	2.	Capital Expenditures paid in cash:	$______________
	 	plus:	 
	 	 	 
	3.	the aggregate amount (but not less than $0) of federal, state, local and foreign income taxes paid in cash:	$______________
	 	 	 
	4.	Debt Service Charges paid in cash:	 
	 	 	 
	 	a.   Consolidated Interest Expense3:	$______________
	 	 	 
	 	b.   All scheduled principal payments made or required to be made on account of Indebtedness for borrowed money (including, without limitation, principal payments in accordance with Section 1.6(a)(i) of the Term Loan Agreement and obligations with respect to Capital Leases for such period (excluding, for the avoidance of doubt, all voluntary and mandatory prepayments):	$______________
	 	 	 
	 	c.   the sum of lines B-4-a and B-4-b:	$______________
	 	 	 
	5.	Restricted Payments paid in cash:	$______________
	 	 	 
	6.	the sum of lines B-2, B-3, B-4-c and B-5:	$______________
	 	 	 
	7.	Consolidated Fixed Charge Coverage Ratio (the ratio of line B-1 to line B-6):	[__] : [__]

 

	In compliance with minimum Consolidated Fixed Charge Coverage Ratio covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

 

3 With respect
to the calculation of the amounts set forth in line B-4-a above, for each of the quarters ending on March 31, 2016, June 30, 2016,
September 30, 2016 and December 30, 2016, such amounts shall be calculated by: (i) determining the actual amount thereof from the
Closing Date through such date of determination, (ii) dividing such amount by the number of days that have elapsed from the Closing
Date through such date of determination, and (iii) multiplying the result by 365.

 

     

     

    

 

C. Calculation of Consolidated Total Net Leverage

 

	1.	Net Debt:	$______________
	 	 	 
	2.	Consolidated Total Net Leverage (the ratio of line C-1 to Adjusted EBITDA (line A-29)):	[__] : [__]

 

	In compliance with maximum Consolidated Total Net Leverage covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for Calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

D. Calculation of Churn

 

	1.	Aggregate number of subscribers at the end of the period:	[__]
	 	minus	 
	 	 	 
	2.	Aggregate number of subscribers at the end of the prior period:	[__]
	 	 	 
	3.	Subscriber disconnect (line D-1 minus line D-2):	[__]
	 	 	 
	4.	Churn (line D-3 divided by line D-2):	[__]

 

	In compliance with subscriber Churn covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

E. Minimum Liquidity

 

	Liquidity:	$
	 	 
	Minimum Liquidity:	$5,000,000

 

	In compliance with minimum Liquidity covenant, pursuant to Section 5.23 of the Term Loan Agreement:	[Yes/No]

 

     

     

    

 

Appendix III

 

Except as set forth below, no material changes
in GAAP or the application thereof have occurred since [the date of the most recently delivered financial statements to the Term
Agent prior to the date of this certificate]. [If material changes in GAAP or in application thereof have occurred, the following
describes the nature of the changes in reasonable detail and the effect, if any, of each such material change in GAAP or in application
thereof in the calculation of the financial covenants described in the Term Loan Agreement].

 

     

     

    

 

Appendix
IV

 

Except as set forth below, there has been no
change to the information provided in Schedule 3.16 (Intellectual Property)_to the Term Loan Agreement since the date of
the most recently delivered compliance certificate.

 

     

     

    

 

Appendix
V

 

Except as set forth below, there has been no
change to the information provided in Schedule 1 (Commercial Tort Claims) to the Guaranty and Security Agreement since the
date of the most recently delivered compliance certificate.

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