Document:

Exhibit 10.5

 

TERMINATION OF THE

 

STANDBY EQUITY DISTRIBUTION AGREEMENT

 

This consent (dated
as of May 8, 2018 is to certify the mutual agreement made by and between YA II PN, LTD., (the “Investor”),
and MICRONET ENERTEC TECHNOLOGIES, INC., (the “Company”) to terminate THE STANDBY EQUITY DISTRIBUTION
AGREEMENT executed between the parties dated as of August 22, 2017, as modified by the letter agreement dated November 17,
2017 (collectively, the “SEDA”).

 

		Whereas:	

 

		A.	On March 29, 2018 the parties entered into a securities purchase agreement pursuant to which, among
other things, the Investor provided the Company with an additional $1,800,000 of financing.

 

		B.	The parties intended that this additional financing would be in replacement of the commitment made
available under the SEDA, and was not intended to co-exist with the SEDA.

 

		C.	As a result, the Parties mutually agree to the termination of the SEDA;

 

Now therefore it is
agreed as follows:

 

Pursuant to Section 11.02(b)
of the SEDA, the Parties hereby terminate the SEDA effective upon the date of execution of this Agreement.

 

The parties hereby agree
that the obligations of the Company to pay $200,000 of the Commitment Fee (as defined in the SEDA) pursuant to Section 13.05(ii)
and to pay all of the $600,000 Contingent Commitment Fee (as defined in the SEDA) pursuant to Section 13.05(iii) shall be terminated.

 

	 	COMPANY:
	 	Micronet Enertec Technologies, Inc.
	 	 
	 	By:	/s/ David Lucatz
	 	Name:	David Lucatz
	 	Title:	Chief Executive Officer 
	 	 
	 	INVESTOR:
	 	YA II PN, Ltd.
	 	 
	 	By:	Yorkville Advisors Global, LP
	 	Its:	Investment Manager
	 	 	 
	 	By:	Yorkville Advisors Global II, LLC
	 	Its:	General Partner
	 	 	 
	 	By:	/s/ Matt Beckman
	 	Name:	Matt Beckman
	 	Title:Exhibit 10.6

 

May 8, 2018

 

YA II PN Ltd.

c/o Yorkville Advisors
Global, LLC

1012 Springfield Avenue

Mountainside, NJ 07092

 

	 	Re:	Securities
    Purchase Agreement (the “Agreement”) dated March 29, 2018 among YA II PN, Ltd. (the “Holder”),
    Micronet Enertec Technologies, Inc. (the “Company”), and Enertec Electronics Ltd. (“Enertec”)
    

 

Dear Mr. Beckman:

 

Reference
is made to the Agreement whereby the Company issued the Holder a series of debentures consisting of (i) debenture numbered MICT-2
in the principal amount of $100,000, (ii) debenture numbered MICT-3 in the principal amount of $1,000,000, (iii) debenture numbered
MICT-4 in the principal amount of $600,000, (iv) debenture numbered MICT-5 in the principal amount of $1,500,000 and (v) debenture
numbered MICT-6 in the principal amount of $1,800,000, each issued on March 29, 2018 (the “Debentures”). This
letter shall clarify that Section 4(e)(ii) of each of the Debentures shall be amended and restates as follows:

 

“(ii) Primary
Market Limitation. The Company shall not effect any conversions and the Holder shall not have the right to convert any
portion of this Debenture to the extent that after giving effect to such conversion the aggregate number of shares of Common
Stock issued under this Debenture and all of the Other Debentures, in addition to such number of shares of Common Stock sold
by the Company to D-Beta One EQ, Ltd. pursuant to the terms of a securities purchase agreement dated February 22, 2018, would
cause the Company to breach its obligations under the rules and regulations of the Nasdaq Stock Market or otherwise exceeds
19.9% of the outstanding shares of Common Stock as of the date of the securities purchase agreement dated February 22, 2018,
except that such limitation shall not apply in the event that the Company (i) obtains the approval of its stockholders
as required by the applicable rules of the Nasdaq Stock Market for issuances of Common Stock in excess of such amount or
(ii) obtains a written opinion from outside counsel to the Company that such approval is not required, which opinion
shall be reasonably satisfactory to the Holder.”

 

Unless otherwise defined
herein, all terms and conditions used in this letter agreement shall have the meanings assigned to such terms in the Debentures.
Except as amended herein, the remaining terms of the Debentures shall remain unaltered and shall continue to remain in full force
and effect. This letter agreement may be signed in counterparts with the same effect as if the signature on each counterpart were
upon the same instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf”
format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.
This letter agreement shall be governed by and construed according to the laws of the State of New York, without regard to the
conflict of laws provisions thereof. Any dispute arising under or in relation to this Amendment shall be resolved exclusively
in the competent federal or state court sitting in the City of New York, Borough of Manhattan, and each of the parties hereby
submits irrevocably to the jurisdiction of such court.

 

	   	Sincerely,

         

        Micronet
        Enertec Technologies, Inc.

	 	 
	 	/s/ David Lucatz
	 	Name: David Lucatz

        Title: President and Chief Executive Officer

	 	 
	 	Enertec
    Electronics Ltd.
	 	 
	 	/s/
    Tali Dinar 
	 	Name: Tali Dinar

        Title: Chief Financial
        Officer

 

	Agreed and accepted on this 8th day of May, 2018

         

        YA II PN LTD. 
	 
	 	 
	/s/ David
    Gonzalez 	 	 
	Name: David
    Gonzalez

    Title: Managing Member and General CounselExhibit 10.7

 

AMENDMENT TO WARRANTS

 

This AMENDMENT TO
WARRANTS (this “Amendment”) dated as of May 8, 2018, by and between Micronet Enertec Technologies, Inc. (the “Company”)
and YA II PN Ltd. (the “Holder”). Each of the Company and the Holder shall be referred to collectively as the “Parties”
and individually as a “Party.”

 

WITNESSETH:

 

WHEREAS, on
March 29, 2018, the Company issued the Holder certain warrants to purchase 375,000 shares (Warrant No. MICT-6), 200,000 shares
(Warrant No. MICT-7) and 112,500 shares (Warrant No. MICT-8) (collectively referred to as the “Warrants”) of the Company’s
common stock, pursuant to the terms of a certain Securities Purchase Agreement dated March 29, 2018 (the “SPA”) executed
by and between and among the Company, Enertec Electronics Ltd. and the Holder; and

 

WHEREAS, the
Parties desire to amend the Warrants to pursuant to the terms and conditions of this Amendment;

 

NOW, THEREFORE,
in consideration of the mutual promises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each of the parties agree with the others as follows:

 

1.
Section 2(a) contained in each of the Warrants shall be amended and restated to reflect the following: “[RESERVED].”

 

2.
Except as herein amended, the Warrants shall remain in full force and effect.

 

3.
Further Assurances. Each Party hereto, without additional consideration, shall cooperate, shall take such further
action and shall execute and deliver such further documents as may be reasonably requested by the other Party hereto in order to
carry out the provisions and purposes of this Amendment.

 

4.
Counterparts. This Amendment may be signed in counterparts with the same effect as if the signature on each counterpart
were upon the same instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of
a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on
whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page
were an original thereof.

 

5.
Headings. The headings of Articles and Sections in this Amendment are provided for convenience only and will not
affect its construction or interpretation.

 

6.
Waiver. Neither any failure nor any delay by any party in exercising any right, power or privilege under this Amendment
or any of the documents referred to in this Amendment will operate as a waiver of such right, power or privilege, and no single
or partial exercise of any such right, power or privilege will preclude any other or further exercise of such right, power or privilege.

 

7.
Severability. The invalidity or unenforceability of any provisions of this Amendment pursuant to any applicable law
shall not affect the validity of the remaining provisions hereof, but this Amendment shall be construed as if not containing the
provision held invalid or unenforceable in the jurisdiction in which so held, and the remaining provisions of this Amendment shall
remain in full force and effect. If the Amendment may not be effectively construed as if not containing the provision held invalid
or unenforceable, then the provision contained herein that is held invalid or unenforceable shall be reformed so that it meets
such requirements as to make it valid or enforceable.

 

8.
Governing Law. This Amendment shall be governed by and construed according to the laws of the State of New York,
without regard to the conflict of laws provisions thereof. Any dispute arising under or in relation to this Amendment shall be
resolved exclusively in the competent federal or state court sitting in the City of New York, Borough of Manhattan, and each of
the parties hereby submits irrevocably to the jurisdiction of such court.

 

[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]

 

     

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to Warrants to be duly executed as of the day and year first above written.

 

	 	Company:
	 	 
	 	MICRONET ENERTEC TECHNOLOGIES, INC.
	 	 
	 	By:	/s/ David Lucatz
	 	Name:	David Lucatz
	 	Title:	Chief Executive Officer 
	 	 	 
	 	Holder:
	 	 
	 	YA II PN LTD.
	 	 
	 	By:	/s/ David Gonzalez 
	 	Name:	David Gonzalez 
	 	Title:	Managing Member and General Counsel

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