Document:

Exhibit 10.9

 

AGREEMENT

 

This Agreement (“Agreement”) is made and entered as of January 3, 2006 (the “Effective Date”) by
and among Brian Groh (“Groh”), Xplore Technologies Corp., a corporation
organized under the laws of Canada (“Xplore”), and Xplore
Technologies Corporation of America, a Delaware corporation (“Xplore USA” and together with the Xplore, the “Company”).

 

WHEREAS, the parties are entering into this Agreement
to resolve all differences related to Groh’s departure from the Company.

 

NOW, THEREFORE, in consideration of the mutual covenants and
promises contained herein and other good and valuable consideration, receipt of
which is hereby acknowledged, it is hereby agreed by and among the parties as
follows:

 

Section 1.               Payment; Reimbursement; Options; Other. Subject
to the terms and conditions of this Agreement, the Company and Groh agree as
follow:

 

(a)           Subject
to the terms of Section 1(c) below, the Company shall deliver to Groh a check
payable to Groh for Twenty Five Thousand Dollars ($25,000.00) within five (5)
days following the Effective Date of this Agreement.

 

(b)           Notwithstanding
the terms of Section 1(a) above and subject to the terms of Section 1(c) below,
the Company shall pay to Groh twelve (12) monthly payments of Twelve Thousand
Five Hundred Dollars ($12,500.00) beginning as of December 1, 2005 with the
final such payment due on November 1, 2006 (the “Payout Period”); provided that
the first and second such monthly payments in the aggregate amount of $25,000
shall be made within five (5) days following the Effective Date of this
Agreement.

 

(c)           Groh
acknowledges that the Company has not offered Groh any tax advice in connection
with these payments. Groh acknowledges and agrees that the Company will issue
to Groh the applicable IRS reporting form reflecting payments made to him under
this Agreement. Groh further agrees that he will be solely responsible for the
payment of any and all Federal, state, local and/or other taxes (and any
interest and penalties imposed thereon) that may be determined to be due and
owing on the payments provided for under this Agreement.

 

(d)           The
Company shall pay Groh’s counsel, on Groh’s behalf, all attorney fees and
expenses actually and reasonably incurred by Groh in connection with the
current investigation by the Ontario Securities Commission into certain
securities regulatory matters involving Xplore (the “OSC Proceeding”) through
the Effective Date; provided, however, that such amount shall not exceed
Forty-One Thousand Four Hundred Twenty-Two Dollars ($41,422.00).
Notwithstanding anything to the contrary, except to the extent any director and
officer insurance policies cover Groh (of which the Company makes no
representation or warranty or any promise, or assumes any obligation, with
respect to such matter), Groh acknowledges and agrees that the Company has no
additional or future obligations to Groh in connection with, arising out of or
in any manner related to the OSC Proceeding or any litigation,

 

 

action, claim, suit, proceeding or other
matter, whether civil, criminal, administrative or investigative, arising from
or related to matters involved in the OSC Proceeding.

 

(e)           The
Company agrees to extend the expiration date of options held by Groh to
purchase an aggregate of (i) 95,672 shares of Xplore’s common stock, as set
forth on Schedule A attached hereto, until April 28, 2006, and (ii) 570,334
shares of Xplore’s common stock, as set forth on Schedule A attached hereto,
until November 1, 2006. The Company has received approval from the Toronto
Stock Exchange for such extensions as reflected on Schedule A. Groh
acknowledges and agrees that, except as set forth on Schedule A, no additional
options to purchase shares of Xplore’s common stock are held by or due to be
issued to Groh. Groh acknowledges that the Company has not offered Groh any tax
advice concerning the effect the extension of such options may have on Groh for
Federal income tax purposes.

 

(f)            The
Company shall promptly reimburse Groh an aggregate of $4,036.34 for three (3)
business trips made on behalf of the Company. Groh acknowledges and agrees that
no additional amounts are due and owing Groh for any travel, entertainment or
other expenses.

 

(g)           The
Company shall convey, assign and transfer to Groh the iX104 C2 Tablet PC w/ GPS
and the Treo Palm model 650 currently being used by Groh on the close of
business of the Effective Date. Groh agrees to promptly return to the Company
all confidential information contained in or related to such equipment in
accordance with Section 3 hereof. The Company shall transfer the cellular
telephone number utilized by Groh to Groh’s personal account and Groh agrees to
pay for all charges related to such cellular telephone subsequent to November
1, 2005.

 

(h)           Groh
acknowledges and agrees that he resigned as a director and officer of the
Company as of September 22, 2005 and notwithstanding anything to the contrary
(i) the Relocation Agreement dated September 6, 2005 between Groh and Xplore
USA (the “Relocation Agreement”) is hereby terminated and is of no further force
or effect and (ii) except as otherwise expressly set forth in Section 1 of this
Agreement, Groh is not entitled to receive any monies, payments, benefits or
rights from the Company or its directors, officers, employers or affiliates
under the Relocation Agreement or otherwise, other than (i) to the extent any
director and officer insurance policies cover Groh (of which the Company makes
no representation or warranty or any promise, or assumes any obligation, with
respect to such matter), or (ii) as set forth in Section 4(a) below.

 

(i)            Groh
understands and agrees that the monies and benefits received by him under this
Agreement serve as adequate consideration for this Agreement.

 

Section 2.               Compensation; Benefits. Groh affirms that to
date he has been paid and/or has received all leave (paid or unpaid),
compensation, wages, bonuses, commissions, and/or benefits to which he may be
entitled and that no other leave (paid or unpaid), compensation, wages,
bonuses, commissions and/or benefits are due to him, except as expressly
provided in Section 1 of this Agreement. Groh acknowledges that (i) he received
proper notice of his rights under the Consolidated Omnibus Budget Reform Act (“COBRA”)
and (ii) the Company has paid his COBRA premiums for part of the month of
September 2005 and for the months of October and November 2005. Groh agrees
that he is responsible for any applicable COBRA premiums

 

2

 

beginning December 2005. Groh
furthermore affirms that he has no known workplace injuries or occupational
diseases and has been provided and/or has not been denied any leave requested
under the Family and Medical Leave Act.

 

3

 

Section 3.               Confidentiality; Non-Disparagement.

 

(a)           Groh
and the Company each agree that they will keep the terms and amounts of this
Agreement completely confidential and that they will not hereafter disclose any
information concerning this Agreement to anyone, except to represent that the
matter is “resolved,” provided that either party may make such disclosures as
are required by law and as are necessary for legitimate law enforcement or
compliance purposes; and provided also that either party may discuss the terms
and amounts of this Agreement with their respective accountants and attorneys,
and in the case of Groh, his spouse (each a “Privileged Person”), on condition
that such party advises such Privileged Person that they may not disclose the
terms, amounts or existence of this Agreement to any third party. Groh and the
Company each agree to be responsible for any disclosure by any of their
respective Privileged Persons in violation of the terms hereof. Groh recognizes
that these confidentiality provisions are an essential part of this Agreement.
Groh further represents and agrees that any disclosure of information contrary
to the terms of the confidentiality provision set forth in this paragraph would
cause the Company injury and damage.

 

(b)           Groh
agrees that while employed by the Company he was given access to the Company’s
trade secrets and confidential information and had contact with and became
aware of the Company’s business transactions, customers and suppliers, and
their specific needs, practices and requirements. Groh further agrees that the
loss of such customers and suppliers or the unauthorized use or disclosure of
the Company’s trade secrets and confidential information would cause the
Company great irreparable harm. Groh agrees that he will not directly or
indirectly use, disclose or disseminate to any other person, organization or
entity or otherwise employ any confidential information or trade secret for so
long as the pertinent information or documentation remains confidential or a
trade secret. Groh further agrees to return all confidential business
information in his possession to the Company on or prior to the Effective Date
and not keep any duplicates in any form.

 

(c)           Groh
agrees to direct all employment reference requests pertaining to his employment
by the Company to Xplore’s Chairman of the Board. In response to any such
inquiry regarding Groh’s former employment, the Company representatives will
provide only dates of employment and confirm last position held and last
salary.

 

(d)           Groh
and the Company each agree that neither shall disparage the other nor, to the
extent applicable, any of their respective officers, agents, directors,
supervisors, employees or representatives, or any other entity or business,
organization or individual affiliated with them, except that each of them may
be truthful when testifying or providing information pursuant to legal process.

 

Section 4.               Cooperation.

 

(a)           Groh agrees that during the one (1)
year period beginning on the Effective Date he will reasonably cooperate with
any investigations or legal actions arising out of matters with which he was
involved as an employee of the Company, or of which he has direct knowledge, or
which occurred during the period of his employment with the Company. In the
event that the Company specifically requests such participation from Groh in
writing, it will

 

4

 

reimburse Groh for all reasonable expenses
incurred by him in fulfilling his obligations hereunder, including all
reasonable and necessary attorney fees.

 

(b)           During
the one (1) year period beginning on the Effective Date, Groh acknowledges and
agrees that the Company may request Groh’s assistance in connection with its
business from time to time and Groh agrees to provide such services to the
Company as may be reasonably requested at no additional cost to the Company;
provided, however, that (i) Groh shall not be required to spend any significant
time or incur any out-of-pocket costs in connection therewith and (ii) if Groh
incurs out-of-pocket costs in connection with the Company’s requests hereunder,
the Company shall reimburse Groh for any actual out-of-pocket costs actually
and reasonably incurred by him in connection with providing such services. The
Company acknowledges and agrees that Groh will be seeking gainful employment
during this time frame and accordingly will not be available without notice and
discussion.

 

Section 5.               Restrictive Covenants.

 

(a)           Groh
acknowledges and agrees that (i) during the course of his employment with the
Company he had substantial and ongoing contact with the Company’s customers and
suppliers and its business methodologies, trade secrets, proprietary
information and other valuable information necessary for the success of the
Company’s business; (ii) all Company customers belong to the Company and do not
belong to him; and (iii) in order to preserve the very strong existing and
potential business interests of the Company, the provisions of this Agreement
are reasonable and necessary, will not prevent him from earning a livelihood,
will not prevent him from becoming gainfully employed, and are not an undue
restraint on his trade or any relevant public interest especially in light of
the payments being made to him during the Payout Period and during the period
of time during which these restrictions shall apply.

 

(b)           Groh
therefore agrees that during the one (1) year period beginning on the Effective
Date and in exchange for the remuneration paid to him during such Payout Period
(i) he will not take any action or make any statements that could discredit the
reputation of the Company or its products, customers or suppliers; (ii) he will
not (A) directly or indirectly induce or attempt to induce any employee,
consultant or agent of the Company to discontinue his/her employment or other
relationship with the Company, or (B) directly or indirectly recruit, solicit
or employ or attempt to recruit, solicit or employ any current Company employee
or consultant, or any former Company employee or consultant within six (6)
months of their leaving the Company; (iii) he will not directly or indirectly
solicit or induce or attempt to solicit or induce any agent, supplier or
customer of the Company with respect to products, services or the like, except
as expressly provided herein, or directly or indirectly solicit or induce or
attempt to solicit or induce any agent, supplier or customer of the Company
having a significant relationship with the Company to terminate such
relationship with the Company; and (iv) he will not directly or indirectly (whether
as an owner, stockholder, consultant, agent, advisor, partner (general or
limited) or otherwise) own, lease, operate, manage, control, participate in,
consult with, render services for, or in any other manner engage in any
business competing with the Company or its affiliates as such businesses
presently exist or as such businesses are in process in the geographic
locations in which the Company now does business, provided, however, that Groh
may own up to 2% of the outstanding equity securities of any company whose
equity securities are traded on a national securities exchange or listed on the
NASDAQ.

 

5

 

(c)           For
purposes of this Section 5, the term “Company” shall mean the Company and any
of its parents or subsidiaries. Groh acknowledges that the provisions of this
Section 5 are necessary and reasonable given the extent of the knowledge of
confidential information that he had while employed by the Company as well as
due to the payments being made to him during the Payout Period and during the
period which such restrictive covenants shall apply.

 

Section 6.               Specific Performance; Liquidated Damages. Groh
acknowledges that any violation or breach of this Agreement by him, including
but not limited to the provisions of Section 5 above, shall entitle the
Company, in addition to any rights, actions or damages the Company may
otherwise have, to cease any further payments hereunder. Groh further
acknowledges that his failure to abide by this Agreement will cause the Company
irreparable harm, and in addition to the remedies provided herein and any other
remedies available at law or in equity, the Company will be entitled to
specific performance, including immediate issuance of a temporary restraining
order or preliminary injunction enforcing this Agreement, without further
notice or the necessity of posting bond or security. Moreover, if Groh violates
the provisions of Section 5 of this Agreement, Groh acknowledges and agrees
that the Company’s damages resulting therefrom will be impossible to ascertain,
and thus agrees to pay the Company liquidated damages in the amount of
$175,000.

 

Section 7.               Representation by Counsel. The parties
acknowledge that they were represented by counsel at all times during the
negotiation of this Agreement, and agree to the terms of this Agreement having
had the benefit of counsel and the opportunity to fully and freely decide to
accept or reject it.

 

Section 8.               Enforceability. The parties understand and
agree that (i) they have carefully read and fully understand all of the
provisions of this Agreement; (ii) they knowingly and voluntarily agree to all
of the terms set forth in this Agreement; (iii) they knowingly and voluntarily
intend to be legally bound by the terms of this Agreement; (iv) they considered
and negotiated the terms of this Agreement with the assistance of an attorney
of their choice prior to executing this Agreement, and (v) that this Agreement
is enforceable against the parties in accordance with its terms.

 

Section 9.               Reliance. The parties hereto represent and
acknowledge that in executing this Agreement they do not rely and have not
relied upon any representation or statement made by any of the parties or by
any of the parties’ agents, attorneys, or representatives with regard to the
subject matter, basis, or effect of this Agreement or otherwise, other than
those specifically stated in this Agreement.

 

Section 10.             Irrevocable. The parties agree that this
Agreement is irrevocable and is effective on the Effective Date.

 

Section 11.             Successors and Assigns. This Agreement shall be
binding upon the parties hereto and upon their heirs, administrators,
representatives, executors, successors, and assigns, and shall inure to the
benefit of said parties and each of them and to their heirs, administrators,
representatives, executors, successors, and assigns.

 

6

 

Section 12.             Severability. Should any provision of this
Agreement be declared or be determined by any court of competent jurisdiction
to be wholly or partially illegal, invalid, or unenforceable, the legality,
validity, and enforceability of the remaining parts, terms, or provisions shall
not be affected thereby, and the illegal, unenforceable, or invalid part, term,
or provision shall be deemed not to be a part of this Agreement.

 

Section 13.             Entire Agreement. This Agreement sets forth the
entire agreement between and among the parties hereto and fully supercedes any
and all prior agreements or understandings, written or oral, between the
parties hereto pertaining to the subject matter hereof, including but not
limited to the Relocation Agreement. This Agreement may be executed in multiple
counterparts each of which shall constitute an original instrument. Facsimiles
of original signature pages shall have the same force and effect as the
originals.

 

Section 14.             Governing Law. This Agreement shall be
interpreted in accordance with the laws of the State of New York, without
reference to its conflicts of laws principles, and according to the plain
meaning of its terms and not strictly for or against any of the parties hereto.

 

Section 15.             Fees and Expenses. Each party hereto shall pay
the fees and expenses of its attorneys, accountants and other advisors, if any,
and all other expenses incurred by such party incident to the negotiation,
preparation, execution and delivery of this Agreement. Notwithstanding the
foregoing, in any dispute arising under this Agreement, the prevailing party
shall be entitled to recover from the other party or parties costs and
expenses, including reasonable attorneys’ fees in connection with such dispute.

 

Section 16.             Specific Performance. Groh acknowledges and
agrees that irreparable damage would occur in the event that any provision of
this Agreement was not performed in accordance with its specific terms or was
otherwise breached, and further acknowledges and agrees that money damages may
be an inadequate remedy for the breach of this Agreement because of the
difficulty of ascertaining the amount of damage that would be suffered in the
event of such breach. Groh accordingly agrees that the Company shall be
entitled to obtain specific performance of any provision of this Agreement and
injunctive or other equitable relief to present or cure breaches of any provision
of this Agreement this being in addition to any other remedy to which they may
be entitled by law or equity.

 

Section 17.             Consent to Jurisdiction. Each of the parties
hereto irrevocably and unconditionally submits to the exclusive jurisdiction of
(i) the Supreme Court of the State of New York, New York County, and (ii) the
United States District Court for the Southern District of New York, for the
purposes of any suit, action or other proceeding arising out of this Agreement
or any transaction contemplated hereby. Each party hereto further agrees that
service of any process, summons, notice or document by U.S. registered mail to
such party’s respective address set forth below shall be effective service of
process for any action, suit or proceeding brought in any such court with
respect to any matters to which it has submitted to jurisdiction in this
Section 17. Each party hereto irrevocably and unconditionally waives any
objection to the laying of venue of any action, suit or proceeding arising out
of this Agreement or the transactions contemplated hereby in (x) Supreme Court
of the State of New York, New York County, or (y) the United States District
Court for the Southern District of New York, and hereby further

 

7

 

irrevocably and unconditionally
waives and agrees not to plead or claim in any such court that any such action,
suit or proceeding brought in any such court has been brought in an
inconvenient forum.

 

Section 18.             Waiver. No waiver by either party of any breach
of any provision hereof shall be deemed to be a continuing waiver in the future
thereof or a waiver of any other provision hereof; nor shall any delay or
omission of any party to exercise any right hereunder in any manner impair the
exercise of any such right accruing to it thereafter. No term or provision of
this Agreement may be waived except by written instrument signed by Groh and
the Company.

 

Section 19.             Section Headings. The section headings used in
this Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

 

 

[Remainder
of this page intentionally left blank.]

 

8

 

IN WITNESS WHEREOF, this
Agreement is executed and sworn as follows:

 

	
   

  	
  /s/ Brian Groh

  	
   

  
	
   

  	
  BRIAN GROH

  
	
   

  	
   

  
	
   

  	
   

  
	
  STATE OF TEXAS

  	
  )

  
	
   

  	
   

  
	
   

  	
  ):ss.

  
	
   

  	
   

  
	
  COUNTY OF TRAVIS

  	
  )

  
				

 

I, Krystal Graves, a Notary Public, do hereby certify
that BRIAN GROH, residing at 11201 Native Texan Trail, Austin, Texas,
personally known to me to be the same person whose name is subscribed to the
foregoing instrument, appeared before me this day in person and acknowledged
that he signed and delivered the said instrument as his free and voluntary act,
for the uses and purposes therein set forth.

 

Given under my hand and official seal the 3rd
day of January 2006.

 

	
   

  	
  /s/ Krystal Graves

  	
   

  
	
   

  	
  NOTARY PUBLIC

  

 

 

My Commission Expires:

 

 

4-26-2009

 

9

 

	
   

  	
  XPLORE TECHNOLOGIES CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael J. Rapisand

  	
   

  
	
   

  	
   

  	
  Name:  Michael
  J. Rapisand

  
	
   

  	
   

  	
  Title:   
  Chief Financial Officer

  

 

 

	
  STATE OF TEXAS

  	
  )

  
	
   

  	
   

  
	
   

  	
  ):ss.

  
	
   

  	
   

  
	
  COUNTY OF TRAVIS

  	
  )

  

 

 

I, Krystal Graves, a Notary
Public, do hereby certify that before me personally came Michael J. Rapisand to
me known, who, by me duly sworn, did depose and say he maintains an office at
14000 Summit Drive, Suite 900, Austin, TX 78728, that deponent is the Chief
Financial Officer of Xplore Technologies Corp., that deponent has the authority
to execute this Agreement on behalf of said company.

 

Given under my hand and
official seal the 3rd day of January 2006.

 

 

	
   

  	
  /s/ Krystal Graves

  	
   

  
	
   

  	
  NOTARY PUBLIC

  

 

 

My Commission Expires:

 

 

4-26-2009

 

10

 

	
   

  	
  XPLORE TECHNOLOGIES CORPORATION

  
	
   

  	
  OF AMERICA

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael J. Rapisand

  	
   

  
	
   

  	
   

  	
  Name:  Michael
  J. Rapisand

  
	
   

  	
   

  	
  Title:   
  Chief Financial Officer

  

 

 

	
  STATE OF TEXAS

  	
  )

  
	
   

  	
   

  
	
   

  	
  ):ss.

  
	
   

  	
   

  
	
  COUNTY OF TRAVIS

  	
  )

  

 

 

I, Krystal Graves, a Notary
Public, do hereby certify that before me personally came Michael J. Rapisand to
me known, who, by me duly sworn, did depose and say he maintains an office at
14000 Summit Drive, Suite 900, Austin, TX 78728, that deponent is the Chief
Financial Officer of Xplore Technologies Corporation of America, that deponent
has the authority to execute this Agreement on behalf of said company.

 

Given under my hand and
official seal the 3rd day of January 2006.

 

 

	
   

  	
  /s/ Krystal Graves

  	
   

  
	
   

  	
  NOTARY PUBLIC

  

 

 

My Commission Expires:

 

 

04-26-2009

 

11Exhibit 10.10

 

EXECUTION
COPY

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT (the “Agreement”)
is made effective as of the 30th day of June, 2006 (the “Effective Date”), by
and between Xplore Technologies Corp. (the “Corporation”), and Mark Holleran
(the “Executive”).

 

In consideration of the mutual
covenants and premises contained herein, the parties hereby agree as follows:

 

ARTICLE
I

EMPLOYMENT

 

1.1  Employment
Term.

 

(a)           The Corporation hereby agrees to employ the Executive, and
the Executive hereby agrees to serve the Corporation, on the terms and
conditions set forth herein. The employment of the Executive by the Corporation
shall be effective as of the date hereof and continue until the close of
business on the second anniversary of the Effective Date of this Agreement (the “Term”), unless terminated earlier in
accordance with Article II hereof.

 

(b)           On or promptly following the first anniversary of the
Effective Date, and, as applicable on each successive anniversary thereafter,
the Corporation and Executive will meet to discuss Executive’s employment, his
performance and the desirability of extending the Term by one additional year
(the “Review Meeting”). If either party determines that it or he does not wish
to extend the Term for an additional year, then it or he must provide a written
notice to the other party of its or his intention not to renew within seven (7)
days following the Review Meeting and the Agreement will expire on the next
anniversary of the Effective Date. The period between a party’s giving of
notice and the expiration of the Term is referred to as the Notice Period. At
any time during the Notice Period, the Corporation may, in its sole discretion,
relieve Executive from performing any further duties for the Corporation. If
neither party provides notice to the other of its or his intention not to renew
in accordance with this subsection (b), then the Term of this Agreement will
automatically renew on the terms and conditions set forth herein for one
additional year subsequent to the next anniversary hereof.

 

1.2  Position
and Duties.

 

(a)           Executive’s position shall be that of President and Chief
Operating Officer of the Corporation.

 

(b)           Executive shall faithfully, and in conformity
with the directions of the Board of Directors of the Corporation and any
Committee thereof (the “Board”), perform the duties of his employment
commensurate with his position, and shall devote to the performance of such
duties his full time and attention. If applicable, this obligation shall
continue during any Notice Period provided that the Corporation has not
relieved him from performing his duties. During the Term the Executive shall
serve in such positions as the Board may from time to time direct. During
the Term, the Executive may engage in outside activities provided those
activities do not 

 

1

 

conflict with the duties and responsibilities
enumerated hereunder, and provided further that the Executive gives written
notice to the Board of any outside business activity that may require
significant expenditure of the Executive’s time in which the Executive plans to
become involved, whether or not such activity is pursued for profit.

 

1.3  Place
of Performance. Executive shall be employed at the Corporation’s offices
located in Austin, Texas. Executive agrees that he shall relocate to Texas as
soon as practicable but in any event not later than six (6) months from the
Effective Date. Executive further agrees that he shall take all appropriate and
reasonable steps to secure his permanent resident visa in the United States in
as expeditious a manner as possible. Corporation shall pay or reimburse all
costs reasonably incurred by Executive and his immediate family during the Term
to secure their permanent resident visas and, upon prior notice to the Company,
any other U.S. immigration-related compliance.

 

1.4  Compensation
and Related Matters.

 

(a)           Base Compensation. In consideration of his services during the Term, the
Corporation shall pay the Executive cash compensation at an annual rate of
$200,000 (“Base Compensation”), less applicable withholdings. At such time as
Executive permanently relocates to Austin, Texas, his Base Compensation shall
be increased to $250,000. Thereafter, Executive’s Base Compensation shall be
subject to such increases as may be approved by the Board. The Base
Compensation shall be payable as current salary, in installments not less
frequently than bi-weekly, and at the same rate for any fraction of a month
unexpired at the end of the Term.

 

(b)           Bonus. Executive shall be eligible to receive
bonuses (collective referred to as “Bonuses”) as set forth herein.

 

(i)            Performance Bonuses. During
the Term, the Executive shall have the opportunity to earn performance bonuses
(the “Performance Bonus”) in an amount equal to 100% of his Base Compensation
in a calendar year (pro-rated in any calendar year in which Executive is not
employed for the entire calendar year) based on Executive’s achievement of each
of the defined objectives within the following weighted categories:

 

	
  Revenue

  	
   

  	
  40.0

  	
  %

  
	
  Hiring New Employees

  	
   

  	
  7.5

  	
  %

  
	
  Product Development

  	
   

  	
  15.0

  	
  %

  
	
  Retention of Staff

  	
   

  	
  7.5

  	
  %

  
	
  EBITDA Performance

  	
   

  	
  20.0

  	
  %

  
	
  Additional Successful Financing

  	
   

  	
  10.0

  	
  %

  

 

Upon
the Effective Date of this Agreement and at the beginning of each calendar year
thereafter, the Board of Directors or its designee and Executive shall
establish specific written objectives, and, as applicable, deadlines, within
each of the enumerated categories upon which his eligibility for a Performance
Bonus will be based. The categories and the weighting are subject to change in
subsequent years during the Term based upon the business priorities and
initiatives of the Corporation. If, despite good faith discussions, they cannot
reach mutual agreement, the Board of Directors will make the final decision
regarding the specific objectives and, in so doing, shall 

 

2

 

give
good faith consideration to Executive’s recommendations. The Board of Directors
or its designee will review Executive’s performance against the objectives in
each of the six (6) categories following the completion of the applicable
calendar year and shall determine the amount of Performance Bonus, if any, for
which Executive is eligible. Notwithstanding the foregoing, to the extent
Executive achieves one or more objectives prior to the end of the calendar
year, he may notify the Board of Directors or its designee, which shall review
such achievement and, if objectives are fully achieved within any applicable
deadline, shall award Executive the applicable portion of the Performance
Bonus, provided, however, that such reviews shall not occur more frequently
than quarterly during the calendar year. The Corporation may, in its sole
discretion, award Executive additional performance bonuses in recognition of
exceptional performance, provided, however, that nothing
contained herein shall guarantee such additional bonuses.

 

(c)           Transaction
Bonus Pool. Executive shall be eligible to participate in a bonus
program to be developed by the Company to incentivize and reward senior
managers of the Corporation in the event of the sale of the Corporation during
the Term (a “Transaction”). Upon the successful completion of a Transaction
during the Term, a bonus pool (the “Transaction Bonus Pool”) shall be
established in an amount that is equal to five percent (5%) of the cost the
Corporation recouped in such Transaction (which on the date hereof shall be
$0.34 per share, however, such amount may be increased to the extent the
Corporation completes any additional financings at a price per share in excess
of $0.34 per share) and ten percent (10%) of the remaining consideration value
created (or profit obtained)) through such Transaction, in each case after
deducting the transaction expenses. For example, if a Transaction is completed
during the Term whereby each share of common stock of the Corporation shall be
entitled to receive $1.00 after transaction expenses, the Transaction Bonus
Pool shall be equal to 5% on the first $0.34 per share and 10% on the balance
per share ($0.66 per share). The Board of Directors, in consultation with
Executive, shall determine which members of the Corporation’s senior management
team other than Executive shall be eligible to participate in the Transaction
Bonus Pool and the percentage of the Transaction Bonus Pool that shall be
awarded to each. The participation in the Transaction Bonus Pool shall be
allocated as follows: Executive 50%; Chief Financial Officer, 30%; the balance
to the then current senior management team.

 

(d)           Stock Options. On June 30, 2006, the Corporation
awarded Executive 1.2 million options to purchase the common stock of the
Corporation vesting in three equal installments on each successive anniversary
date of the award (the “Stock Option). The strike price for the Stock Option is
$0.34 per share. All awards of Stock Options are governed by the terms and
conditions of the 1995 Share Option Plan (amended and restated as of December
15, 2004) (the “Share Option Plan”). In consideration of the promises contained
in this Agreement, Executive agrees that any Stock Options previously granted
that did not vest as of June 22, 2006, are permanently extinguished as of the
date hereof.

 

(e)           Relocation Costs.

 

(i)            Upon
presentment of receipts, the Corporation shall reimburse Executive for all
reasonable and necessary expenses incurred in connection with the relocation of
himself and his immediate family to Texas up to a maximum of $80,000, to
include the transportation of personal belongings and closing costs.

 

3

 

(ii)           In the event
Executive is terminated by the Corporation without Cause (as defined in Article
2.1(d)) within two years following the Effective Date, upon presentment of receipts,
the Corporation shall reimburse Executive for all reasonable and necessary
expenses incurred in connection with his and his immediate family’s relocation
to Canada up to a maximum of $80,000.

 

(f)            Expenses. During the Term, the Executive
shall be entitled to receive prompt reimbursement for all reasonable expenses
incurred by the Executive in performing services hereunder, including all
reasonable expenses of travel and living while away from home, provided
that such expenses are incurred and accounted for in accordance with the
policies and procedures established by the Corporation.

 

(g)           Vacations.
During the Term, the Executive shall be entitled to four (4) weeks of vacation
days in each calendar year (pro-rated in the first calendar year). Accrual and
use of vacation is subject to the applicable policies of the Corporation. Executive
is encouraged to take all accrued vacation each year. However, Executive shall
notify the Board of Directors at the conclusion of each calendar year of any
accrued, but unused vacation that he will be carrying over into the next
calendar year. The Executive shall also be entitled to all paid holidays given
by the Corporation to its employees.

 

(h)           Other
Benefits. The Executive shall be entitled to participate in all of the
Corporation’s employee benefit plans and programs in effect during the Term as
would by their terms be applicable to the Executive.

 

ARTICLE II

TERMINATION OF EMPLOYMENT

 

2.1  Termination
of Employment. The Executive’s employment may terminate under the following
circumstances:

 

(a)           Without
Cause. The Corporation may terminate Executive’s employment without Cause
by giving Executive notice of non-renewal of the Agreement in accordance with
Section 1. Executive’s employment shall terminate upon the expiration of the
Agreement. For purposes of this Agreement, “Cause” shall mean:

 

(i)            willful failure, intentional
disregard or repeated refusal to perform Executive’s duties after receipt of a
written notice from the Corporation’s Board of Directors stating the deficient
areas of performance, the steps needed to cure the performance and a 30 day
period within which to cure (other than due to disability as defined in
2.1(c));

 

(ii)           an intentional act of fraud,
embezzlement, theft or any other material violation of law, provided, however,
that the assets or property involved are of more than nominal value;

 

(iii)          material damage to assets, business or
reputation of the Corporation resulting from Executive’s intentional or grossly
negligent conduct;

 

4

 

(iv)          intentional wrongful disclosure of
material confidential information of the Corporation;

 

(v)           intentional wrongful engagement in
any competitive activity which would constitute a breach of this Agreement
and/or of the Executive’s duty of loyalty;

 

(vi)          intentional breach of any written
material employment policy of the Corporation;

 

(vii)         the failure for any reason of Executive
to relocate to the United States within six (6) months of the Effective date, provided
that upon showing of good cause by Executive, the Corporation may extend this
period; or

 

(viii)        Executive’s ineligibility for any reason
to work lawfully in the United States for a period of four (4) consecutive
months or longer.

 

No act, or failure to act, on the part of the
Executive shall be deemed “intentional” if it was due primarily to an error in
judgment or negligence, but shall be deemed “intentional” only if done, or
omitted to be done, by the Executive not in good faith and without reasonable
belief that his action or omission was in, or not opposed to, the best interest
of the Corporation.

 

(b)           Death. The Executive’s employment shall terminate
upon the Executive’s death.

 

(c)           Disability. If, as a result of the Executive’s incapacity due to physical or
mental illness, the Executive shall have been absent and unable to perform
duties hereunder on a full-time basis for an entire period of six consecutive
months, the Executive’s employment may be terminated by the Corporation
following such six-month period. Executive’s Base Compensation during this
period shall be reduced by such amounts as Executive receives under any income
replacement benefit plan or program, including long or short-term disability or
workers’ compensation.

 

(d)           Cause.
The Corporation may terminate the Executive’s employment at anytime during the
Term for Cause.

 

(e)           By
Executive. Executive may terminate his employment with the Corporation by
giving notice of non-renewal of this Agreement in accordance with Section 1.

 

2.2  Effect
of Termination of Employment.

 

(a)           If
the Executive’s employment terminates in accordance with Section 2.1(a), the
Executive shall only be entitled to the following:

 

(i)            Base Compensation. The
Corporation shall pay to Executive any unpaid and earned Base Compensation,
Bonuses and accrued, but unused vacation days through the termination date.

 

5

 

(ii)           Severance Benefits. The
Corporation shall continue to pay the Executive, in accordance with the
Corporation’s normal payroll practice, his Base Compensation, as in effect
immediately prior to such termination of employment, for the one-year period
commencing on the termination date (the “Severance Period”). The amount of
severance benefits shall be reduced during the Severance Period by any amounts
earned by Executive from any employment or self-employment during the Severance
Period. It shall be Executive’s sole obligation and responsibility to notify
the Corporation of any employment or self-employment and all compensation
received in connection therewith. The Company shall also pay to Executive an
additional amount equal to the average of the Performance Bonuses paid to
Executive during the preceding two calendar years. Provided Executive timely
elects same and is otherwise eligible, Corporation shall pay the cost of
continuing Executive’s participation in Corporation’s group health plans under
COBRA on the same terms and conditions as immediately prior to the termination
until the earlier of (A) the end of the Severance Period and (B) the date he
obtains health coverage under another employer’s health plan. If the Executive
resigns from the Corporation during the Notice Period, he shall forfeit his
eligibility for severance benefits under this Section 2.2(a)(ii).
Notwithstanding the foregoing, in order to receive any of the payments or
benefits under this Section 2.2(a)(ii), the Executive must timely sign and not
revoke a release and waiver of claims against the Corporation, its parent,
successors, affiliates, and assigns, directors, officers and employees in a
form substantially similar to that attached hereto as Exhibit A.

 

(iii)          Stock Options. The Executive’s
rights during the Severance Period with respect to any Stock Options awarded to
the Executive by the Corporation shall be governed by the provisions of the
Share Option Plan and the respective award agreements, if any, under which such
Stock Options were awarded.

 

(iv)          Retirement Plans. The Executive
shall not accrue additional benefits under any pension plan of the Corporation
(whether or not qualified under Section 401(a) of the Internal Revenue Code of
1986, as amended) during the Severance Period.

 

(v)           If any payments of money or other
benefits due to Executive hereunder could cause the application of an accelerated
or additional tax under Section 409A of the Internal Revenue Code of 1986, as
amended (“Code”), such payments or other benefits shall be deferred if deferral
could reasonably be expected to make such payment or other benefits compliant
under Section 409A of the Code; otherwise such payment or other benefits shall
be restructured, to the extent possible, in a manner, as determined by the
parties hereto, that is not expected to cause such an accelerated or additional
tax. Provided, however, that the Corporation reserves the right in its sole
discretion, from and after the date hereof to restructure the payments
described in this Section 2.2 if required by Section 409(A) of the Code or any
other applicable law or regulation.

 

(b)           If
the Executive’s employment is terminated by reason of the Executive’s death or
Disability, pursuant to Sections 2.1(b) and 2.1(c), the Executive (or the
Executive’s designee or estate) shall only be entitled to unpaid and earned or
accrued Base Compensation, Bonuses, unpaid vacation days and whatever welfare
plan benefits are available to the Executive, his estate or beneficiaries, as
the case may be, pursuant to the welfare plans the Executive participated in
prior to such termination. Whatever Stock Options that may have been awarded 

 

6

 

to the Executive by the Corporation shall
continue to be governed by the provisions of the Share Option Plan and the
respective award agreements, if any, under which such Stock Options were
awarded.

 

(c)           If
the Executive’s employment is terminated by the Corporation for Cause, pursuant
to Section 2.1(d), or by Executive, pursuant to Section 2.1(e), the Executive
shall only be entitled to unpaid and earned or accrued Base Compensation,
Bonuses and unpaid vacation days through the termination date. Whatever Stock
Options that may have been awarded to the Executive by the Corporation shall
continue to be governed by the provisions of the Share Option Plan and the
respective award agreements, if any, under which such Stock Options were
awarded.

 

ARTICLE
III

COVENANTS OF THE EXECUTIVE 

 

3.1  Non-Compete.

 

(a)           The
Corporation and the Executive acknowledge that: (i) the Corporation has a
special interest in and derives significant benefit from the unique skills and
experience of the Executive; (ii) the Executive will use and have access to
proprietary and valuable Confidential Information (as defined in Section 3.2
hereof) during the course of the Executive’s employment; and (iii) the
agreements and covenants contained herein are essential to protect the business
and goodwill of the Corporation or any of its subsidiaries, affiliates or
licensees. Accordingly, except as hereinafter noted, the Executive covenants
and agrees that during the Term, and for the period of twelve (12) months
following the termination of Executive’s employment (the “Restricted Period”)
for any reason, the Executive shall not provide any labor, work, services or
assistance (whether as an officer, director, employee, partner, agent, owner,
independent contractor, consultant, stockholder or otherwise) to a “Competing
Business.” For purposes hereof, “Competing Business” shall mean any business
engaged in designing, manufacturing, marketing or distributing rugged personal
computer devices, including but not limited to tablet PC’s, notebooks and
laptops or such other types of products as are offered by the Corporation or
that were in active development to be offered by the Corporation and for which
significant Corporation resources were dedicated within the twelve (12) month
period preceding Executive’s termination date. Notwithstanding the foregoing,
not sooner than six (6) months following the termination date, Executive may,
with the prior written consent of the Corporation and following assurances from
Executive that are satisfactory to the Company in its reasonable discretion,
commence work for a Competing Business with a diversified product line provided
that he may not be directly or indirectly involved in any way with any division
or unit that is engaged in designing, manufacturing, marketing or distributing
the types of products as are offered by the Corporation or that were in active
development to be offered by the Corporation and for which significant
Corporation resources were dedicated within the twelve (12) month period
preceding Executive’s Separation.

 

(b)           In
consideration of all of the compensation provisions in this Agreement,
Executive agrees to the provisions of Section 3.1 and also agrees that the
non-competition obligations imposed herein are fair and reasonable under all
the circumstances.

 

7

 

3.2  Confidential
Information.

 

(a)           The
Corporation owns and has developed and compiled, and will own, develop and
compile, certain proprietary techniques and confidential information as
described below which have great value to its business (referred to in this
Agreement, collectively, as “Confidential Information”). Confidential
Information includes not only information disclosed by the Corporation and/or
its affiliates, subsidiaries and licensees to Executive, but also information
developed or learned by Executive during the course of, or as a result of,
employment hereunder, which information Executive acknowledges is and shall be
the sole and exclusive property of the Corporation. Confidential Information
includes all proprietary information that has or could have commercial value or
other utility in the business in which the Corporation is engaged or
contemplates engaging, and all proprietary information the unauthorized
disclosure of which could be detrimental to the interests of the Corporation. Whether
or not such information is specifically labeled as Confidential Information by
the Corporation is not determinative. By way of example and without limitation,
Confidential Information includes any and all information developed, obtained
or owned by the Corporation and/or its subsidiaries, affiliates or licensees
concerning trade secrets, techniques, know-how (including designs, plans,
procedures, processes and research records), software, computer programs,
innovations, discoveries, improvements, research, development, test results,
reports, specifications, data, formats, marketing data and plans, business
plans, strategies, forecasts, unpublished financial information, orders,
agreements and other forms of documents, price and cost information,
merchandising opportunities, expansion plans, designs, store plans, budgets,
projections, customer, supplier and subcontractor identities, characteristics
and agreements, and salary, staffing and employment information. Notwithstanding
the foregoing, Confidential Information shall not in any event include (A)
Executive’s personal knowledge and know-how relating to merchandising and
business techniques which Executive has developed over his career and of which
Executive was aware prior to his employment with the Corporation, or (B)
information which (i) was generally known or generally available to the public
prior to its disclosure to Executive; (ii) becomes generally known or generally
available to the public subsequent to disclosure to Executive through no
wrongful act of any person or (iii) which Executive is required to disclose by
applicable law or regulation (provided that Executive provides the Corporation
with prior notice of the contemplated disclosure and reasonably cooperates with
the Corporation at the Corporation’s expense in seeking a protective order or
other appropriate protection of such information).

 

(b)           Executive
acknowledges and agrees that in the performance of his duties hereunder the
Corporation will from time to time disclose to Executive and entrust Executive
with Confidential Information. Executive also acknowledges and agrees that the
unauthorized disclosure of Confidential Information, among other things, may be
prejudicial to the Corporation’s interests, and an improper disclosure of trade
secrets. Executive agrees that he shall not, directly or indirectly, use, make
available, sell, disclose or otherwise communicate to any corporation,
partnership, individual or other third party, other than in the course of his
assigned duties and for the benefit of the Corporation, any Confidential
Information, either during his term of employment or thereafter.

 

(c)           The
Executive agrees that upon leaving the Corporation’s employ, the Executive
shall not take with him any software, computer programs, disks, tapes,
research, 

 

8

 

development, strategies, designs, reports,
study, memoranda, books, papers, plans, information, letters, e-mails, or other
documents or data reflecting any Confidential Information of the Corporation,
its subsidiaries, affiliates or licensees.

 

(d)           During
Executive’s term of employment, Executive will disclose to the Corporation all
designs, inventions and business strategies or plans developed for the
Corporation or that relate in any way to the business of the Corporation or
that were created utilizing any property or Confidential Information belonging
to the Corporation, including without limitation any process, operation,
product or improvement. Executive agrees that all of the foregoing are and will
be the sole and exclusive property of the Corporation and that Executive will
at the Corporation’s request and cost do whatever is necessary to secure the
rights thereto, by patent, copyright or otherwise, to the Corporation

 

3.3  Non-Solicitation
of Employees. The Executive covenants and agrees that during the Term and
the Restricted Period, the Executive shall not directly or indirectly solicit
or influence any other employee of the Corporation, or any of its subsidiaries,
affiliates or licensees, to terminate such employee’s employment with the
Corporation, or any of its subsidiaries, affiliates or licensees, as the case
may be, or to become employed by a Competing Business. As used herein, “solicit”
shall include, without limitation, requesting, encouraging, enticing,
assisting, or causing, directly or indirectly.

 

3.4  Nondisparagement.
The Executive agrees that during the Term and thereafter, the Executive shall
not make any statements or comments that reasonably could be considered to shed
an adverse light on the business or reputation of the Corporation or any of its
subsidiaries, affiliates or licensees, the Board or any officer of the
Corporation or any of its subsidiaries, affiliates or licensees; provided,
however, the foregoing limitation shall not apply to (i) compliance with legal
process or subpoena, or (ii) statements in response to inquiry from a court or
regulatory body. The Corporation agrees that during the Term and thereafter,
its officers and directors shall not make any public statements or comments
that reasonably could be considered to shed an adverse light on the reputation
of Executive, provided, however, the foregoing limitation shall not apply to
(i) compliance with legal process or subpoena, or (ii) statements in response
to inquiry from a court or regulatory body.

 

3.5  Remedies.
Executive shall forfeit his right to any payments or benefits under this
Agreement (except those required by law), including severance pay, in the event
he breaches Article III of this Agreement, provided, however, that the Corporation shall, if
applicable, continue providing payments and benefits to which Executive is
entitled, including, if applicable, severance pay until such time as a court of
competent jurisdiction makes a finding that Executive has breached Article III
or issues any order or judgment, be it ex parte, temporary or permanent, preventing Executive from engaging
in the challenged activities. If, after further judicial proceedings, it is
finally determined that Executive did not breach Article III, the Corporation
shall resume providing Executive the payments or benefits to which he is
entitled under this Agreement. In addition, the Executive acknowledges that any
breach of Article III is likely to result in immediate and irreparable harm to
the Corporation for which money damages are likely to be inadequate. Accordingly,
in addition to the forfeiture described herein, the Executive consents to
injunctive and other appropriate equitable relief upon the institution of
proceedings therefor by the Corporation in order to protect the Corporation’s
rights hereunder. Such relief 

 

9

 

may include, without limitation, an
injunction to prevent: (i) the breach or continuation of Executive’s breach;
(ii) the Executive from disclosing any trade secrets or Confidential
Information (as defined in Section 3.2); (iii) any Competing Business from
receiving from the Executive or using any such trade secrets or Confidential
Information; and/or (iv) any such Competing Business from retaining or seeking
to retain any employees of the Corporation.

 

The provisions of this Article III shall survive the
termination of this Agreement and Executive’s Term of employment.

 

ARTICLE
IV

MISCELLANEOUS

 

4.1  Notice.
For the purposes of this Agreement, notices, demands and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered by hand or by facsimile or mailed
by United States registered mail, return receipt requested, postage prepaid,
addressed as follows:

 

To the Company:

Philip Sassower

Phoenix Group, 19th
Floor

110 E. 59th
Street

New York, NY  10022

 

with a copy to:

Michael Rapisand

Chief Financial Officer

XPLORE Technologies

14000 Summit Drive, Suite
900

Austin, TX 78728

 

To Executive:

Mark Holleran

3213 Rustic River Cove

Austin, Texas 78746

 

or to such other address as any party may have
furnished to the other in writing in accordance herewith, except that notices
of change of address shall be effective only upon receipt.

 

4.2  Modification
or Waiver; Entire Agreement. No provision of this Agreement may be modified
or waived except in a document signed by the Executive and the Corporation. This
Agreement, along with any documents incorporated herein by reference,
constitute the entire agreement between the parties regarding their employment
relationship and supersede all prior agreements, promises, covenants,
representations or warranties. To the extent that this Agreement is in any way
inconsistent with any prior or contemporaneous stock option agreements between
the parties, this Agreement shall control. No agreements or representations,
oral or otherwise, with respect to the subject matter hereof have been made by
either party that are not set forth expressly in this Agreement.

 

10

 

4.3  Governing
Law. The validity, interpretation, construction, performance, and
enforcement of this Agreement shall be governed by the laws of the State of
Texas without reference to Texas’s choice of law rules. In the event of any
dispute, the Executive agrees to submit to the jurisdiction of any court
sitting in Texas.

 

4.4  Withholding.
All payments required to be made by the Corporation hereunder to the Executive
or the Executive’s estate or beneficiaries shall be subject to the withholding
of such amounts as the Corporation may reasonably determine it should withhold
pursuant to any applicable law.

 

4.5  Attorney’s
Fees. Each party shall bear its own attorney’s fees and costs incurred in
any action or dispute arising out of this Agreement and/or the employment
relationship. Corporation shall reimburse Executive for his attorney’s fees
reasonably incurred in negotiating this Agreement up to a maximum of $5,000.

 

4.6  No
Conflict. Executive represents and warrants that he is not party to any
agreement, contract, understanding, covenant, judgment or decree or under any
obligation, contractual or otherwise, in any way restricting or adversely
affecting his ability to act for the Corporation in all of the respects
contemplated hereby.

 

4.7  Enforceability.
Each of the covenants and agreements set forth in this Agreement are separate
and independent covenants, each of which has been separately bargained for and
the parties hereto intend that the provisions of each such covenant shall be
enforced to the fullest extent permissible. Should the whole or any part or
provision of any such separate covenant be held or declared invalid, such
invalidity shall not in any way affect the validity of any other such covenant
or of any part or provision of the same covenant not also held or declared
invalid. If any covenant shall be found to be invalid but would be valid if
some part thereof were deleted or the period or area of application reduced,
then such covenant shall apply with such minimum modification as may be
necessary to make it valid and effective. The failure of either party at any
time to require performance by the other party of any provision hereunder will
in no way affect the right of that party thereafter to enforce the same, nor
will it affect any other party’s right to enforce the same, or to enforce any
of the other provisions in this Agreement; nor will the waiver by either party
of the breach of any provision hereof be taken or held to be a waiver of any
prior or subsequent breach of such provision or as a waiver of the provision
itself.

 

4.8  Assignment.
The Corporation may assign this Agreement and all rights and obligations
thereunder to any subsidiary, affiliate or related company or to any successor,
provided that the Corporation reasonably believes in good faith at the time of
assignment that such entity is reasonably capable of performing the Corporation’s
obligations.

 

4.9  Miscellaneous.
No right or interest to, or in, any payments shall be assignable by the
Executive; provided, however, that this provision shall not
preclude the Executive from designating in writing one or more beneficiaries to
receive any amount that may be payable after the Executive’s death and shall
not preclude the legal representative of the Executive’s estate from assigning
any right hereunder to the person or persons entitled thereto. If the Executive
should die while any amounts would still be payable to the Executive hereunder,
all such amounts shall be paid in accordance with the terms of this Agreement
to the Executive’s written 

 

11

 

designee or, if there be no such designee, to
the Executive’s estate. This Agreement shall be binding upon and shall inure to
the benefit of, and shall be enforceable by, the Executive, the Executive’s
heirs and legal representatives and the Corporation and its successors. The
section headings shall not be taken into account for purposes of the
construction of any provision of this Agreement.

 

IN WITNESS WHEREOF, the parties have executed this
Agreement effective as of the date and year first above written.

 

 

	
  XPLORE TECHNOLOGIES CORP.

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Philip S. Sassower

  	
   

  	
  /s/ Mark Holleran

  	
   

  
	
  By : Philip S. Sassower

  	
  Mark Holleran

  
	
  Title :
  Chief Executive Officer

  	
   

  
					

 

12

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