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Re: Note Purchase Agreement, dated September 5, 2008

Note Purchase Agreement

Re:  Note Purchase Agreement, dated September 5, 2008 | Document Parties: XPLORE TECHNOLOGIES CORP You are currently viewing:
This Note Purchase Agreement involves

XPLORE TECHNOLOGIES CORP

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Title: Re: Note Purchase Agreement, dated September 5, 2008
Governing Law: New York     Date: 10/27/2008
Industry: Computer Hardware     Sector: Technology

Re:  Note Purchase Agreement, dated September 5, 2008, Parties: xplore technologies corp
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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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