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Exhibit 10-1
AMENDMENT NO. 1
TO
SUBORDINATED PROMISSORY NOTE
THIS
AMENDMENT NO. 1 (this "Amendment") is entered into as of the
dates
set forth on the signature page hereto, by and between CalAmp
Corp., a
Delaware corporation (the "Company"), and EchoStar
Technologies, L.L.C., a
Texas limited liability company formerly known as EchoStar
Technologies
Corporation (the
"Holder").
WHEREAS, the Company issued that certain Subordinated Promissory
Note
dated December 14, 2007 (the "Subordinated Note") in the principal
amount of
$5,000,000.00 to the Holder;
WHEREAS, payment of the principal of the Subordinated Note is made
by
the Company at the rate of $5.00 per unit of Product purchased by
the Holder;
and
WHEREAS, pursuant to Section 5(e) of the Subordinated Note, the
parties
desire to amend the Subordinated Note to increase the payment rate
for a
certain category of products.
NOW,
THEREFORE, for and in consideration of the mutual covenants
contained in this Amendment, and for other good and valuable
consideration,
the receipt of which is hereby acknowledged, and intending to be
legally
bound hereby, the parties agree as follows:
SECTION 1.
Definitions.
Capitalized terms used but not otherwise
defined in this Amendment shall have the meanings ascribed to such
terms in
the Subordinated Note.
SECTION 2. Amendment
of Section 3(a).
Section 3(a) of the Subordinated
Note is hereby deleted in its entirety and the following paragraph
shall be
substituted in lieu thereof:
"(a) Principal shall
be due and payable from time to time
within 5 Business Days after receipt by the C
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