MICRONET ENERTEC TECHNOLOGIES, INC. (NASDAQ:MICT) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On January 24, 2017, Micronet Enertec Technologies, Inc. (the
Company) and its wholly owned subsidiary Enertec Electronics Ltd.
(collectively, the Borrowers) entered into amendment no. 1 to the
Supplemental Agreement (the Amendment) among the Borrowers and YA
II PN, Ltd. (YA II), a Cayman Island exempt limited partnership
and an affiliate of Yorkville Advisors Global, LLC. The original
Supplemental Agreement was executed by the Borrowers and YA II on
December 22, 2016.

The Amendment clarifies that the remaining $50,000 portion of the
commitment fee payable by the Borrowers to YA Global II SPV LLC
(as designee of YA II) (i) shall be payable in cash or in freely
tradable shares of the Companys common stock at the Companys sole
discretion (Commitment Fee Shares); (ii) that the price per share
of any Commitment Fee Shares shall equal the 5 day average
closing price of the Companys common stock prior to the date of
payment; and (iii) that no Commitment Fee Shares shall be issued
if such issuance would result in the issuance, individually or in
the aggregate, of such number of Commitment Fee Shares in excess
of 19.99% of the then outstanding common stock of the Company or
that would result in YA II, or its affiliates, owning in excess
of 4.99% of the then outstanding common stock of the Company.

A copy of the Amendment is attached hereto as Exhibit 10.1 and is
incorporated by reference herein.

Item 9.01.Financial Statements and Exhibits

(d) Exhibits

About MICRONET ENERTEC TECHNOLOGIES, INC. (NASDAQ:MICT)

Micronet Enertec Technologies, Inc. (Micronet Enertec) operates through Israel-based companies, which include Enertec Systems 2001 Ltd (Enertec), its subsidiary, and Micronet Ltd (Micronet), which develops, manufactures, integrates and markets rugged computers, tablets and computer-based systems and instruments for the commercial, defense and aerospace markets. The Company’s segments include defense and aerospace segment, and mobile resource management (MRM). The Company’s products, solutions and services are designed to perform in severe environments and battlefield conditions. Micronet operates in the commercial mobile resource management market and is a developer, manufacturer and provider of mobile computing platforms, designed for integration into fleet management and mobile workforce management solutions. Enertec operates in the defense and aerospace markets. Enertec designs, develops and manufactures computer based instruments and aerospace electronic solutions.

MICRONET ENERTEC TECHNOLOGIES, INC. (NASDAQ:MICT) Recent Trading Information

MICRONET ENERTEC TECHNOLOGIES, INC. (NASDAQ:MICT) closed its last trading session up +0.01 at 1.40 with 21,683 shares trading hands.