SEC Contract Filing

Filing Date: 2018-04-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>f8k032918ex10-1_micronet.htm
<DESCRIPTION>SECURITIES PURCHASE AGREEMENT, DATED MARCH 29, 2018
<TEXT>
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<P STYLE="margin: 0; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
PURCHASE AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0; text-indent: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Securities Purchase Agreement (this &ldquo;<U>Agreement</U>&rdquo;) is entered into as of March 29, 2018, by and between YA II
PN, LTD., a Cayman Islands exempt limited partnership (the &ldquo;<U>Purchaser</U>&rdquo;), MICRONET ENERTEC TECHNOLOGIES, INC.,
a corporation organized and existing under the laws of the State of Delaware (the &ldquo;<U>Company</U>&rdquo; or an &ldquo;<U>Issuer</U>&rdquo;),
and ENERTEC ELECTRONICS LTD., a corporation organized and existing under the laws of the State of Israel (&ldquo;<U>Enertec</U>&rdquo;
or an &ldquo;<U>Issuer</U>&rdquo; and collectively with the Company, the &ldquo;<U>Issuers</U>&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Purchaser is the holder of certain secured promissory notes issued by the Issuers between October 28, 2016 and August 22,
2017 in the aggregate outstanding principal amount of $3,200,000, plus accrued and unpaid interest thereon, as set forth below
(collectively, the &ldquo;<U>Original Securities</U>&rdquo;).</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
 <TD STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Designation</B></TD><TD STYLE="padding-bottom: 1.5pt"><B>&nbsp;</B></TD>
 <TD STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Original Issue Date</B></TD><TD STYLE="padding-bottom: 1.5pt"><B>&nbsp;</B></TD>
 <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Outstanding&nbsp;Principal <BR> Amount</B></TD><TD STYLE="padding-bottom: 1.5pt"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1.5pt"><B>&nbsp;</B></TD>
 <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Accrued&nbsp;and&nbsp;Unpaid&nbsp;Interest <BR> (as of March
 29, 2018)</B></TD><TD STYLE="padding-bottom: 1.5pt"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1.5pt"><B>&nbsp;</B></TD>
 <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><B>Total</B></TD><TD STYLE="padding-bottom: 1.5pt"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
 <TD STYLE="width: 15%; text-align: center">MICT-2</TD><TD STYLE="width: 1%">&nbsp;</TD>
 <TD STYLE="width: 48%; text-align: left">October 28, 2016</TD><TD STYLE="width: 1%">&nbsp;</TD>
 <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">100,000.00</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
 <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">4,162.08</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
 <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">104,1162.08</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
 <TD STYLE="text-align: center">MICT-3</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">December 22, 2016</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,000,000.00</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">88,794.52</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,088,794.52</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
 <TD STYLE="text-align: center">MICT-4</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">June 8, 2017</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">600,000.00</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">33,830.14</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
 <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">633,830.14</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: botto