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Exhibit 10.2
XPLORE TECHNOLOGIES
CORP.
14000 Summit Drive, Suite 900
Austin, TX 78728
October 21, 2008
Philip S. Sassower
Phoenix Venture Fund LLC
110 East 59 th Street, Suite 1901
New York, NY 10022
Re:
Note Purchase Agreement, dated
September 5, 2008
Gentlemen,
Reference is made to that certain
Note Purchase Agreement, dated September 5, 2008, by and among
Xplore Technologies Corp. (the “ Parent ”),
Xplore Technologies Corporation of America (the “
Subsidiary ” and collectively with the Parent, the
“ Borrowers ”) and the Purchasers listed on
Schedule I and Schedule II thereto (the “ Agreement
”). Any capitalized terms used but not otherwise
defined herein shall have the same meanings ascribed to such terms
in the Agreement.
The parties hereto hereby
acknowledge and agree that:
1.
The Agreement is
hereby amended to reduce the Warrant Exercise Price from $.27 to
$.12.
2.
Section 9
(Certain Definitions) to the Agreement is hereby amended by
deleting in its entirety the definition of Warrant Exercise Price
and inserting in lieu thereof the following definition:
“
Warrant Exercise Price ” shall mean $.12.
3.
Section 8.1
(General Indemnification) to the Agreement is hereby amended by
deleting in its entirety and inserting in lieu thereof the
following:
General
Indemnification . Each of the Borrowers shall
jointly and severally indemnify, defend and hold each Purchaser,
its affiliates and their respective officers, directors, partners
(general and limited), employees, agents, attorneys successors and
assigns (each a “ Purchaser Entity ”) harmless
from and against all Losses incurred, suffered or arising out
or by reason of any matter relating, directly or indirectly, to
this Agreement or any other Loan Document, except to the extent
that such Losses are the res
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