SEC Contract Filing

Filing Date: 2015-06-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>exhibit10-3.htm
<DESCRIPTION>CONFIRMATION OF BASE CALL OPTION TRANSACTION, DATED APRIL 30, 2015
<TEXT>

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<P align=right><B><FONT face="Times New Roman" size=2>Exhibit
10.3</FONT></B></P>
<P align=right><B><FONT face="Times New Roman" size=2>EXECUTION
COPY</FONT></B></P>
<P ALIGN="right"><FONT face="Times New Roman" size=2>Barclays Bank PLC<br>
[_______]<br>
Facsimile: [_______]<br>
Telephone: [_______]<br></FONT></p>

<P ALIGN="right"><FONT face="Times New Roman" size=2>c/o Barclays Capital Inc.<br>
as Agent for Barclays Bank PLC<br>
[_______]<br>
Telephone: [_______]</FONT></p>

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 <TD noWrap align=left width="1%"></TD>
 <TD noWrap align=left width="2%">&nbsp;</TD>
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 <TD noWrap align=left width="67%"></TD>
 <TD noWrap align=left width="25%"><FONT face="Times New Roman" size=2>April 30, 2015</FONT></TD></TR>
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 <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>To:</FONT></TD>
 <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
 <TD noWrap align=left width="2%"><FONT face="Times New Roman" size=2>CalAmp Corp.</FONT></TD>
 <TD noWrap align=left width="3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
 <TD noWrap align=left width="67%"></TD>
 <TD noWrap align=left width="25%"></TD></TR>
 <TR vAlign=bottom>
 <TD noWrap align=left width="1%"></TD>
 <TD noWrap align=left width="1%"></TD>
 <TD noWrap align=left width="2%"><FONT face="Times New Roman" size=2>[_______]</FONT></TD>
 <TD noWrap align=left width="3%"></TD>
 <TD noWrap align=left width="67%"></TD>
 <TD noWrap align=left width="25%"></TD></TR>
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 <TD noWrap align=left width="2%"><FONT face="Times New Roman" size=2>Attention:</FONT></TD>
 <TD noWrap align=left width="3%"></TD>
 <TD noWrap align=left width="67%"><FONT face="Times New Roman" size=2>[_______]</FONT></TD>
 <TD noWrap align=left width="25%"></TD></TR>
 <TR vAlign=bottom>
 <TD noWrap align=left width="1%"></TD>
 <TD noWrap align=left width="1%"></TD>
 <TD noWrap align=left width="2%"><FONT face="Times New Roman" size=2>Telephone No.:</FONT></TD>
 <TD noWrap align=left width="3%"></TD>
 <TD noWrap align=left width="67%"><FONT face="Times New Roman" size=2>[_______]</FONT></TD>
 <TD noWrap align=left width="25%"></TD></TR>
 <TR vAlign=bottom>
 <TD noWrap align=left width="1%"></TD>
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 <TD noWrap align=left width="2%"><FONT face="Times New Roman" size=2>Facsimile No.:</FONT></TD>
 <TD noWrap align=left width="3%"></TD>
 <TD noWrap align=left width="67%"><FONT face="Times New Roman" size=2>[_______]</FONT></TD>
 <TD noWrap align=left width="25%"></TD></TR>
 <TR>
 <TD width="99%" colSpan=6>&nbsp;</TD></TR>
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 <TD width="99%" colSpan=6>&nbsp;</TD></TR>
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 <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>Re:</FONT></TD>
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 <TD noWrap align=left width="72%" colSpan=3><FONT face="Times New Roman" size=2>Base Call Option Transaction</FONT></TD>
 <TD noWrap align=left width="25%"></TD></TR></TABLE><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The purpose of this letter agreement (this &#147;<B>Confirmation</B>&#148;) is to confirm the terms and conditions of the
call option transaction entered into between Barclays Bank PLC (&#147;<B>Dealer</B>&#148;), through its agent Barclays Capital Inc.
(&#147;<B>Agent</B>&#148;), and CalAmp Corp. (&#147;<B>Counterparty</B>&#148;) as of the Trade Date specified below (the &#147;<B>Transaction</B>&#148;). This
letter agreement constitutes a &#147;Confirmation&#148; as referred to in the ISDA Master Agreement specified below. This
Confirmation shall replace any previous agreements and serve as the final documentation for the Transaction.
Dealer is not a member of the Securities Investor Protection Corporation (&#147;<B>SIPC</B>&#148;). Dealer is authorised by the
Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation
Authority.</FONT></P>

<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The definitions and
provisions contained in the 2002 ISDA Equity Derivatives Definitions (the
&#147;</FONT><B><FONT face="Times New Roman" size=2>Equity
Definitions</FONT></B><FONT face="Times New Roman" size=2>&#148;), as published by
the International Swaps and Derivatives Association, Inc. (&#147;</FONT><B><FONT face="Times New Roman" size=2>ISDA</FONT></B><FONT face="Times New Roman" size=2>&#148;) are incorporated into this Confirmation. In the event of any
inconsistency between the Equity Definitions and this Confirmation, this
Confirmation shall govern. Certain defined terms used herein are based on terms
that are defined in the Offering Memorandum dated April 30, 2015 (the
&#147;</FONT><B><FONT face="Times New Roman" size=2>Offering
Memorandum</FONT></B><FONT face="Times New Roman" size=2>&#148;) relating to the
Convertible Senior Notes due 2020 (as originally issued by Counterparty, the
&#147;</FONT><B><FONT face="Times New Roman" size=2>Convertible Notes</FONT></B><FONT face="Times New Roman" size=2>&#148; and each USD 1,000 principal amount of
Convertible Notes, a &#147;</FONT><B><FONT face="Times New Roman" size=2>Convertible
Note</FONT></B><FONT face="Times New Roman" size=2>&#148;) issued by Counterparty in
an aggregate initial principal amount of USD 150,000,000 (as increased by up to
an aggregate principal amount of USD 22,500,000 if and to the extent that the
Initial Purchasers (as defined herein) exercise their option to purchase
additional Convert