SEC Contract Filing

Filing Date: 2022-04-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>camp-ex103_555.htm
<DESCRIPTION>EX-10.3
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;">Exhibit 10.3</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FIRST AMENDMENT TO</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">CREDIT<font style="letter-spacing:0.1pt;"> </font>AGREEMENT</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS<font style="letter-spacing:1.9pt;"> </font><font style="font-weight:bold;">FIRST</font><font style="font-weight:bold;letter-spacing:2pt;"> </font><font style="font-weight:bold;">AMENDMENT</font><font style="font-weight:bold;letter-spacing:2pt;"> </font>to<font style="letter-spacing:1.75pt;"> </font>Credit<font style="letter-spacing:2.05pt;"> </font>Agreement<font style="letter-spacing:4.5pt;"> </font>(this<font style="letter-spacing:4.35pt;"> </font>&#8220;<font style="font-weight:bold;">Amendment</font>&#8221;)<font style="letter-spacing:4.45pt;"> </font>is<font style="letter-spacing:4.35pt;"> </font>entered<font style="letter-spacing:4.45pt;"> </font>into<font style="letter-spacing:4.2pt;"> </font>as<font style="letter-spacing:4.4pt;"> </font>of<font style="letter-spacing:-2.4pt;"> </font>July 16, 2018, by and between <font style="font-weight:bold;">JPMORGAN CHASE BANK, N.A.</font>, (&#8220;<font style="font-weight:bold;">JPMorgan</font>&#8221;) as Administrative Agent (in<font style="letter-spacing:0.05pt;"> </font>such<font style="letter-spacing:0.05pt;"> </font>capacity,<font style="letter-spacing:0.05pt;"> </font>&#8220;<font style="font-weight:bold;">Administrative</font><font style="font-weight:bold;letter-spacing:0.05pt;"> </font><font style="font-weight:bold;">Agent</font>&#8221;),<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>Lenders<font style="letter-spacing:0.05pt;"> </font>party<font style="letter-spacing:0.05pt;"> </font>hereto<font style="letter-spacing:0.05pt;"> </font>(each<font style="letter-spacing:0.05pt;"> </font>a<font style="letter-spacing:0.05pt;"> </font>&#8220;<font style="font-weight:bold;">Lender</font>&#8221;<font style="letter-spacing:0.05pt;"> </font>and<font style="letter-spacing:0.05pt;"> </font>collectively,<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>&#8220;<font style="font-weight:bold;">Lenders</font>&#8221;) including JPMorgan in its capacity as a Lender, the Loan Parties party hereto and <font style="font-weight:bold;">CALAMP CORP.</font>, a<font style="letter-spacing:0.05pt;"> </font>Delaware<font style="letter-spacing:-0.1pt;"> </font>corporation<font style="letter-spacing:0.15pt;"> </font>(&#8220;<font style="font-weight:bold;">Borrower</font>&#8221;).</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-variant: small-caps;font-family:Times New Roman;font-style:normal;text-transform:none;">Recitals</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:7.69%;font-weight:bold;font-size:10pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight:normal;">Administrative Agent, Lenders, the Loan</font><font style="letter-spacing:0.05pt;font-weight:normal;"> </font><font style="font-weight:normal;">Parties and Borrower</font><font style="letter-spacing:2.5pt;font-weight:normal;"> </font><font style="font-weight:normal;">have entered into that certain</font><font style="letter-spacing:0.05pt;font-weight:normal;"> </font><font style="font-weight:normal;">Credit</font><font style="letter-spacing:0.15pt;font-weight:normal;"> </font><font style="font-weight:normal;">Agreement</font><font style="font-weight:normal;"> </font><font style="font-weight:normal;">dated</font><font style="letter-spacing:-0.15pt;font-weight:normal;"> </font><font style="font-weight:normal;">as of</font><font style="font-weight:normal;"> </font><font style="font-weight:normal;">March</font><font style="letter-spacing:0.1pt;font-weight:normal;"> </font><font style="font-weight:normal;">30,</font><font style="letter-spacing:-0.05pt;font-weight:normal;"> </font><font style="font-weight:normal;">2018</font><font style="letter-spacing:-0.15pt;font-weight:normal;"> </font><font style="font-weight:normal;">(as</font><font style="letter-spacing:-0.25pt;font-weight:normal;"> </font><font style="font-weight:normal;">amended</font><font style="letter-spacing:0.15pt;font-weight:normal;"> </font><font style="font-weight:normal;">from</font><font style="font-weight:normal;"> </font><font style="font-weight:normal;">time</font><font style="font-weight:normal;"> </font><font style="font-weight:normal;">to</font><font style="letter-spacing:-0.4pt;font-weight:normal;"> </font><font style="font-weight:normal;">time, the</font><font style="font-weight:normal;"> </font><font style="font-weight:normal;">&#8220;</font>Credit<font style="letter-spacing:0.1pt;"> </font>Agreement<font style="font-we