LETTER OF CREDIT REIMBURSEMENT, COMPENSATION AND SECURITY AGREEMENTCompensation and Security Agreement • June 4th, 2009 • Xplore Technologies Corp • Computer & office equipment • New York
This LETTER OF CREDIT REIMBURSEMENT, COMPENSATION AND SECURITY AGREEMENT, dated as of May 29, 2009 (as amended, supplemented or modified from time to time, this “Agreement”), is made by and among PHILIP SASSOWER and SUSAN SASSOWER, individuals (each individually, a “Secured Party” and, collectively, the “Secured Parties”), XPLORE TECHNOLOGIES CORPORATION OF AMERICA, a Delaware corporation (with its successors and permitted assigns, the “Borrower”), and XPLORE TECHNOLOGIES CORP., a Delaware corporation (with its successors and permitted assigns, the “Parent”; the Borrower and the Parent are herein collectively referred to as the “Grantors” and, each individually, a “Grantor”).
