SEC Contract Filing

Filing Date: 2017-05-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>t1701443_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="text-transform: uppercase"><B>EXECUTION VERSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THIRD AMENDMENT TO <FONT STYLE="text-transform: uppercase">TERM
LOAN</FONT> AGREEMENT AND LIMITED WAIVER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This THIRD AMENDMENT
<FONT STYLE="text-transform: uppercase">to </FONT>TERM LOAN AGREEMENT AND LIMITED WAIVER, dated as of March 31, 2017 (this &ldquo;<B>Third
Amendment</B>&rdquo;), by and among Numerex Corp., a Pennsylvania corporation (the &ldquo;<B>Lead Borrower</B>&rdquo;), the other
Persons party hereto designated as &ldquo;Borrowers&rdquo; (each a &ldquo;<B>Borrower</B>&rdquo; and, together with the Lead Borrower,
the &ldquo;<B>Borrowers</B>&rdquo;), the other Persons party hereto designated as &ldquo;Guarantors&rdquo; (the &ldquo;<B>Guarantors</B>&rdquo;,
and, together with the Borrowers, the &ldquo;<B>Credit Parties</B>&rdquo;), Crystal Financial LLC, a Delaware limited liability
company, as administrative agent and collateral agent (in such capacities, the &ldquo;<B>Term&nbsp;Agent</B>&rdquo;) for the financial
institutions from time to time party to the Term Loan Agreement (collectively, the &ldquo;<B>Term Lenders</B>&rdquo; and individually
each a &ldquo;<B>Term Lender</B>&rdquo;) and for itself and the other Secured Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>W</U> <U>I</U> <U>T</U> <U>N</U> <U>E</U>
<U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U>:</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrowers,
the Guarantors, the Term Agent and the Term Lenders are party to that certain Term Loan Agreement dated as of March 9, 2016, as
amended by the First Amendment to Term Loan Agreement dated as of July 29, 2016, as further amended by the Second Amendment to
Term Loan Agreement dated as of November 3, 2016 (as further amended, restated, supplemented or otherwise modified from time to
time in accordance with the terms thereof, the &ldquo;<B>Term Loan Agreement</B>&rdquo;), pursuant to which the Term Lenders agreed,
subject to the terms and conditions contained therein, to extend credit to the Borrowers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Credit
Parties have requested that the Term Agent and the Term Lenders effect certain amendments to the Term Loan Agreement as more specifically
set forth herein, and the Term Agent and the Term Lenders are willing to effect such amendments to the Term Loan Agreement on the
terms and conditions hereinafter set forth;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, certain Events
of Default (the &ldquo;<B>Specified Events of Default</B>&rdquo;) have occurred and are continuing under:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i) Section 6.1(c)
of the Term Loan Agreement as a result of the Credit Parties&rsquo; failure to comply with Sections 5.23(a), 5.23(b), 5.23(c) and
5.23(d) of the Term Loan Agreement for the period ended December 31, 2016;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ii) Section 6.1(c)
of the Term Loan Agreement as a result of the Credit Parties&rsquo; failure to notify the Term Agent, as required under Section
5.3 of the Term Loan Agreement, of the dissolution of a non-Credit Party Subsidiary of the Lead Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(iii) Section 6.1(d)
of the Term Loan Agreement as a result of the Credit Parties&rsquo; failure to notify the Term Agent, as required under Section
4.3(c) of the Term Loan Agreement, of the letter, dated as of April 27, 2016, received by the Lead Borrower from a Governmental
Authority;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(iv) Section 6.1(d)
of the Term Lo