XPEL, Inc. Sample Contracts

BUSINESS LOAN AGREEMENT
Business Loan Agreement • May 30th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Texas

THIS BUSINESS LOAN AGREEMENT dated August 5, 2017, is made and executed between XPEL Technologies Corp. ("Borrower") and THE BANK OF SAN ANTONIO ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at ail times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

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BUSINESS LOAN AGREEMENT
Loan Agreement • March 12th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Texas

THIS BUSINESS LOAN AGREEMENT dated August 5, 2017, is made and executed between XPEL Technologies Corp. ("Borrower") and THE BANK OF SAN ANTONIO ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at ail times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

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CHANGE IN TERMS AGREEMENT
Terms Agreement • May 30th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Texas

DESCRIPTION OF EXISTING INDEBTEDNESS. Promissory Note executed by Borrower in the original principal amount of $150,000.00 dated March 28, 2011, as amended from time to time, including most recently by Promissory Note executed by Borrower and Lender dated August 5, 2017.

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Distribution Agreement
Distribution Agreement • May 30th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Texas

XPEL, INC., a corporation incorporated under the laws of Nevada with its principal place of business at 618 W. Sunset Road, San Antonio, Texas 78216, U.S.A.

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XPEL, INC. PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance Restricted Stock Unit Award Agreement • August 9th, 2023 • XPEL, Inc. • Coating, engraving & allied services • Texas

This Performance Restricted Stock Unit Award Agreement (the “Agreement”), made as of the --- day of June, 2023 (the “Grant Date”) by and between XPEL, Inc., a Nevada corporation (the “Company”), and [_______] (“Employee”), evidences the grant by the Company of an Award of Performance Restricted Stock Units (the “Award”) to the Employee on such date and the Employee’s acceptance of the Award in accordance with the provisions of the XPEL, Inc. 2020 Equity Incentive Plan, as amended or restated from time to time (the “Plan”). The Company and the Employee hereby agree as follows:

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XPEL, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT This Restricted Stock Unit Award Agreement (the “Agreement”), made as of the --- day of July, 2021 (the “Grant Date”) by and between XPEL, Inc., a Nevada corporation (the “Company”), and [___________]...
Restricted Stock Unit Award Agreement • August 9th, 2021 • XPEL, Inc. • Coating, engraving & allied services • Texas
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XPEL, Inc. • January 3rd, 2022 • Coating, engraving & allied services
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Contract
Loan Agreement • May 21st, 2021 • XPEL, Inc. • Coating, engraving & allied services • Texas
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MEMBERSHIP INTEREST PURCHASE AGREEMENT DATED AS OF MAY 25, 2021 BY AND AMONG XPEL, INC., PERMAPLATE FILM, LLC SISKIN ENTERPRISES, INC., DAVID JORGENSEN, INDIVIDUALLY AND THE DAVID AND BLAISE JORGENSEN FAMILY TRUST
Membership Interest Purchase Agreement • May 25th, 2021 • XPEL, Inc. • Coating, engraving & allied services • Texas
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SUPPLY AGREEMENT
Supply Agreement • April 24th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Ohio

This SUPPLY AGREEMENT (“Agreement”) is made and entered into effective as of March 2l, 2017 (the “Effective Date”), by and between XPEL Technologies Corp., a Nevada corporation, having a place of business at 618 W. Sunset Road, San Antonio, Texas 78216 (“Purchaser”), and entrotech, inc., an Ohio corporation, having a place of business at 1245 Kinnear Road, Columbus, Ohio 43212 (“Seller”). Purchaser and Seller may be referred to individually as a “Party” and collectively as the “Parties.”

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DocuSign Envelope ID: A3403BF8-EA1A-4B35-B998-EA86A704B1EF FIRST MODIFICATION TO LOAN AGREEMENT This modification, dated effective May11, 2020, is entered into by and among The Bank of San Antonio (“Lender”) and XPEL, Inc. (“Borrower”). Whereas Lender...
Loan Agreement • May 14th, 2020 • XPEL, Inc. • Coating, engraving & allied services
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