Document:

Exhibit 10.1

 

Schedule
II

 

	
  NAME AND ADDRESS

  OF

  ADDITIONAL PURCHASERS

  	
   

  	
  ADDITIONAL NOTE

  PURCHASE PRICE

  	
   

  	
  NUMBER OF

  ADDITIONAL

  CLOSING

  WARRANT SHARES

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Daryl Lee Scot, LLC

  c/o Tick & Company

  One Hollow Lane

  Lake Success, New York 11042

  Attention: Jonathon Tick

  	
   

  	
  $

  	
  50,000.00

  	
   

  	
  416,667

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JAM Capital Associates LP

  c/o Leonard Pearlman

  112 West 56th Street Suite 20S

  New York, New York 10019

  	
   

  	
  $

  	
  75,000.00

  	
   

  	
  625,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Michael A.
  Steinberg & Co. Profit Sharing Trust

  FBO Michael A. Steinberg

  c/o Steinberg Asset Management

  12 East 49th Street Suite 1202

  New York, New York 10017

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  833,333

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  James O’Donnell

  845 UN Plaza

  Apt. 57C

  New York, NY 10017

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  833,333

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JAG Multi Investments LLC

  1211 Avenue of the Americas, Suite 3300

  New York, NY 10036

  	
   

  	
  $

  	
  837,500.00

  	
   

  	
  6,979,167

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Phoenix Enterprises Family
  Fund LLC

  110 East 59th Street, Suite 1901

  New York, New York 10022

  	
   

  	
  $

  	
  837,500.00

  	
   

  	
  6,979,167

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  $

  	
  2,000,000.00

  	
   

  	
  16,666,667Exhibit 10.2

 

XPLORE
TECHNOLOGIES CORP.

14000 Summit Drive, Suite 900

Austin, TX 78728

 

October 21, 2008

 

Philip S. Sassower

Phoenix Venture Fund LLC

110 East 59th Street, Suite 1901

New York, NY 10022

 

Re:                               Note
Purchase Agreement, dated September 5, 2008

 

Gentlemen,

 

Reference
is made to that certain Note Purchase Agreement, dated September 5, 2008,
by and among Xplore Technologies Corp. (the “Parent”), Xplore
Technologies Corporation of America (the “Subsidiary” and collectively
with the Parent, the “Borrowers”) and the Purchasers listed on Schedule
I and Schedule II thereto (the “Agreement”).  Any capitalized terms used but not otherwise
defined herein shall have the same meanings ascribed to such terms in the
Agreement.

 

The
parties hereto hereby acknowledge and agree that:

 

1.                                       The Agreement is hereby amended
to reduce the Warrant Exercise Price from $.27 to $.12.

 

2.                                       Section 9 (Certain
Definitions) to the Agreement is hereby amended by deleting in its entirety the
definition of Warrant Exercise Price and inserting in lieu thereof the
following definition:

 

“Warrant Exercise
Price” shall mean $.12.

 

3.                                       Section 8.1 (General
Indemnification) to the Agreement is hereby amended by deleting in its entirety
and inserting in lieu thereof the following:

 

General Indemnification. Each of the Borrowers shall
jointly and severally indemnify, defend and hold each Purchaser, its affiliates
and their respective officers, directors, partners (general and limited),
employees, agents, attorneys successors and assigns (each a “Purchaser
Entity”) harmless from and against all Losses incurred, suffered or
arising out or by reason of any matter relating, directly or indirectly, to
this Agreement or any other Loan Document, except to the extent that such
Losses are the result of the gross negligence, willful 

 

 

misconduct or fraud
of such Purchaser Entity.  Each
Purchaser, severally and not jointly, shall indemnify, defend and hold the
Borrowers, their respective officers, directors, employees, agents, attorneys,
successors and assigns (each a “Borrower Entity”) harmless against all
Losses as a result of the breach of any of the representations, warranties,
covenants or agreements made by such Purchaser in this Agreement or any of the
Loan Documents, except to the extent that such Losses are a result of the gross
negligence, willful misconduct or fraud of such Borrower Entity.

 

4.                                       This
agreement shall be governed by, and construed in accordance with, the laws of
the State of New York excluding that body of law relating to conflicts of law.

 

 

Please
indicate your agreement and acceptance of the terms and conditions of this
letter agreement by executing this letter agreement in the designated space
below and returning a signed copy.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  Xplore Technologies Corp.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ M. Rapisand

  
	
   

  	
   

  	
  Name: Michael J. Rapisand

  
	
   

  	
   

  	
  Title: Chief Financial Officer and Secretary

  

 

 

	
  AGREED
  AND ACCEPTED:

  	
   

  
	
   

  	
   

  
	
  Phoenix Venture Fund
  LLC, as Agent to Purchasers

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  SG Phoenix Ventures
  LLC,

  	
   

  
	
   

  	
  its Managing Member

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ P. Sassower

  	
   

  
	
   

  	
  Name: Philip Sassower

  	
   

  
	
   

  	
  Title: Member

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  XPLORE TECHNOLOGIES OF
  AMERICA

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ M. Rapisand

  	
   

  
	
   

  	
   Name: Michael J.
  Rapisand

  	
   

  
	
   

  	
   Title: Chief
  Financial Officer and Secretary

  	
   

  
				

 

Signature Page to Side Letter

 

 

	
  Agreed and Accepted:

  	
   

  
	
   

  	
   

  
	
  DARYL LEE SCOTT LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
   /s/ J. Tick

  	
   

  
	
   

  	
    Name: Jeffrey Tick

  	
   

  
	
   

  	
    Title:

  	
   

  

 

Signature Page to Side Letter

 

 

	
  Agreed and Accepted:

  	
   

  
	
   

  	
   

  
	
  JAM CAPITAL ASSOCIATES LP

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ L. Pearlman

  	
   

  
	
   

  	
  Name: Leonard D. Pearlman

  	
   

  
	
   

  	
  Title:   Manager

  	
   

  

 

Signature Page to Side Letter

 

 

	
  Agreed and Accepted:

  	
   

  
	
   

  	
   

  
	
  MICHAEL A. STEINBERG & CO. PROFIT 

  	
   

  
	
  SHARING TRUST FBO MICHAEL A.

  	
   

  
	
  STEINBERG

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ M. Steinberg

  	
   

  
	
   

  	
  Name: Michael A. Steinberg

  	
   

  
	
   

  	
  Title:   Trustee

  	
   

  

 

Signature Page to Side Letter

 

 

	
  Agreed and Accepted:

  	
   

  
	
   

  	
   

  
	
  JAG MULTI INVESTMENTS LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ J. Goren

  	
   

  
	
   

  	
  Name: James Goren

  	
   

  
	
   

  	
  Title:  Member

  	
   

  

 

Signature Page to Side Letter

 

 

	
  Agreed and Accepted:

  	
   

  
	
   

  	
   

  
	
  PHOENIX ENTERPRISES FAMILY FUND LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ P. Sassower

  	
   

  
	
   

  	
  Name: Philip Sassower

  	
   

  
	
   

  	
  Title:

  	
   

  

 

Signature Page to Side Letter

 

 

	
  Agreed and Accepted:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ J. O’Donnell

  	
   

  
	
  James O’Donnell

  	
   

  

 

Signature Page to Side LetterExhibit 10(o)

 

	
   

  	
  PACCAR Inc.

  
	
   

  	
   

  
	
   

  	
  July 22, 2008

  

 

Mississippi Major Economic Impact Authority

Mississippi Development Authority

501 North West Street (39202)

Post Office Box 849

Jackson, Mississippi 39205-3613

 

	
  Attn:

  	
  Gray Swoope

  
	
   

  	
  Executive Director

  

 

Lowndes County, Mississippi

P.O. Box 1364

Columbus, Mississippi 39703

 

	
  Attn:

  	
  Harry Sanders

  
	
   

  	
  President of Board of Supervisors

  

 

Lowndes County Industrial Development Authority

P.O. Box 1328

Columbus, Mississippi 39703

 

	
  Attn:

  	
  Thomas Lee, Sr.

  
	
   

  	
  President

  

 

Subject: Letter Waiver

Ladies and Gentlemen:

 

We refer to the Memorandum of Understanding (the “MOU”), effective as
of May 24, 2007, between the State of Mississippi, the Mississippi
Development Authority (“MDA”), the Mississippi Major Economic Impact Authority
(“MMEIA”), the  Mississippi Department of
Environmental Quality, the Mississippi Department of Employment Security,
Lowndes County, Mississippi (the “County”), the Lowndes County Industrial
Development Authority (the “LCIDA”), Oktibbeha County, Mississippi, and East
Mississippi Community College and PACCAR Engine Company (the “Company”). Unless
otherwise defined herein, the terms defined in the MOU shall be used herein as
therein defined.

 

Section 13.05 of the MOU provides that “[t]he Company, and only
the Company, may waive any of the obligations of one or more of the Inducers
set forth in this MOU.”  The purpose of
this letter is to waive certain of the obligations of the Inducers under the
MOU, and to set forth the agreements of the affected Inducers for those
waivers.

 

 

Road Construction.  Section 3.01 of the MOU enumerates the
reimbursement obligations of the State for construction activities to be
undertaken by the County.  Specifically, Section 3.01(b)(i) requires
the State

 

(b)                                 to timely reimburse the
County in an amount not to exceed Five Million Dollars ($5,000,000.00) for the
construction of all necessary road access improvements required by the Company
for the Project, including, but not limited to the following:

 

* * *

 

(ii)                                  the construction of a
new 7,400 linear foot, on-site, two-lane road acceptable to the Company

 

In order to reduce the aggregate cost of constructing the road as well
as to meet construction schedules for the Project, it is preferable for the
Company to construct this road in place of the County.

 

Section 3.08 of the MOU provides for a reallocation of funds:

 

If the full amount(s) specified for an expenditure listed in
Sections 3.01(a) through 3.01(e), above, is not required therefor, MDA and
MMEIA agree, upon request by the Company, to reallocate such unused amount(s) to
any one or more other purposes described in Sections 3.01(a) through
3.01(e), above, which cost(s) have exceeded or are expected to exceed the
amount(s) provided for in said Section . . .

 

The Company is
willing to waive the State’s obligation to reimburse the County under Section 3.01(b)(ii) provided
that MDA and MMEIA agree that the cost of the road (not to exceed $1.6 million)
be reallocated to the reimbursement of site improvements under Section 3.01(c).

 

2

 

Property Acquisition.  Section 4.01(a) of the MOU requires
the County and/or the LCIDA to

 

[c]onvey to the Company, at no cost, by warranty deed through the
LCIDA, no later than September 30, 2007, good, marketable and indefeasible
fee simple title to the Project Site, which shall be free of any exceptions or
encumbrances other than the encumbrances and exceptions specifically listed and
described on Exhibit B attached hereto (the “Permitted Encumbrances”),
together with all necessary easements benefiting the Project Site, with sole
and exclusive possession of the Project Site to be delivered no later than five
(5) working days from the Effective Date, in accordance with Section 4.02
below . . . .

 

Due to litigation regarding the estate of certain holders of mineral
rights on the Project Site, the County and LCIDA were unable to convey title by
September 30, 2007.  Because it
has possession of the Project Site under Section 4.02 adequate to commence
construction activities, the Company waives the requirement under Section 4.01(a) to
convey title by September 30, 2007.

 

Temporary Construction Road.  Section 4.01(h) of the MOU requires
the County and/or LCIDA to, “[a]t the option of the Company, build a temporary
construction road from Highway 82 frontage road to the Project Site as
described in Section 3.01(c), at a location approved by the Company, which
road shall be completed no later than July 1, 2007”.

 

The temporary road required by Section 4.01(h) is no longer
necessary for construction of the Project.  The existing Raymond Road will suffice once
certain improvements are made.  The
Company is willing to forego its option to have LCIDA and/or the County
construct the temporary construction road provided that the MDA, MMEIA, the
County and LCIDA agree that the cost of improving the existing Raymond Road be
reallocated to the reimbursement of site improvements under Section 3.01(c).

 

3

 

If you agree to the foregoing, please evidence such agreement by
executing and returning counterparts of this letter waiver to the Company.

 

This waiver shall become effective as of the date first above written
when and if counterparts of this waiver shall have been executed by all of the
affected Inducers.  Except as
specifically provided in this letter waiver, all terms and provisions of the
MOU are and shall continue to be in full force and effect.

 

This waiver may be executed in any number of counterparts and by any
combination of the Parties in separate counterparts, each of which counterparts
shall be an original and all of which taken together shall constitute one and
the same waiver.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  PACCAR Engine Company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ R. E. Bangert, II

  
	
   

  	
   

  	
  R. E. Bangert, II

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date: July 22, 2008

  

 

4

 

Agreed to and accepted:

 

 

Mississippi Major Economic Impact Authority

 

 

	
  By:

  	
  /s/ 
  Gray Swoope

  	
   

  	
  Date:

  	
  July 29, 2008

  
	
   

  	
  Gray Swoope

  	
   

  	
   

  	
   

  
	
   

  	
  Executive Director

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Mississippi Development Authority

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ 
  Gray Swoope

  	
   

  	
  Date:

  	
  July 29, 2008

  
	
   

  	
  Gray Swoope

  	
   

  	
   

  	
   

  
	
   

  	
  Executive Director

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lowndes County, Mississippi

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ 
  Harry Sanders

  	
   

  	
  Date:

  	
  July 28, 2008

  
	
   

  	
  Harry Sanders

  	
   

  	
   

  	
   

  
	
   

  	
  President of Board of Supervisors

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lowndes County Industrial Development Authority

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ 
  Thomas Lee Sr.

  	
   

  	
  Date:

  	
  July 28, 2008

  
	
   

  	
  Thomas Lee, Sr.

  	
   

  	
   

  	
   

  
	
   

  	
  President

  	
   

  	
   

  	
   

  

 

5

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