On December 30, 2013, Micronet Enertec Technologies, Inc. and UTA Capital LLC entered into an amendment to the Amended and Restated Note and Warrant Purchase Agreement, dated as of August 31, 2012, as first amended on January 28, 2013. Pursuant to the Second Amendment, among other things, the maturity date of the second note executed between the Company and the Purchaser was extended to January 10, 2015 (unless such date shall be otherwise extended in writing by the Purchaser in its sole discretion) and the maturity date of the first note executed between the Company and the Purchaser was set on December 30, 2013. On December 30, 2013 the company repaid to the Purchaser an amount of $1,032,163, including repayment in full of the First Note, and subsequently, the final payment of the principal amount under the Second Note, originally due in May 2014 to the Purchaser in the amount of $1,000,000, was postponed to January 10, 2015.