<SEC-DOCUMENT>0000905718-20-000475.txt : 20200520
<SEC-HEADER>0000905718-20-000475.hdr.sgml : 20200520
<ACCEPTANCE-DATETIME>20200520160546
ACCESSION NUMBER:		0000905718-20-000475
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200520
DATE AS OF CHANGE:		20200520
GROUP MEMBERS:		ABRY SENIOR EQUITY V, L.P.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PowerFleet, Inc.
		CENTRAL INDEX KEY:			0001774170
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				834366463
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91154
		FILM NUMBER:		20898117

	BUSINESS ADDRESS:	
		STREET 1:		123 TICE BLVD.
		CITY:			WOODCLIFF LAKE
		STATE:			NJ
		ZIP:			07677
		BUSINESS PHONE:		201-996-9000

	MAIL ADDRESS:	
		STREET 1:		123 TICE BLVD.
		CITY:			WOODCLIFF LAKE
		STATE:			NJ
		ZIP:			07677

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABRY Senior Equity Holdings V, LLC
		CENTRAL INDEX KEY:			0001790054
		IRS NUMBER:				814129784
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O ABRY PARTNERS II, LLC
		STREET 2:		888 BOYLSTON STREET, SUITE 1600
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-859-2959

	MAIL ADDRESS:	
		STREET 1:		C/O ABRY PARTNERS II, LLC
		STREET 2:		888 BOYLSTON STREET, SUITE 1600
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>powerfleet_sch13da2may1320.htm
<DESCRIPTION>SC 13D/A
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="border-top: Black 0.75pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 0; text-align: center"><B>(Amendment No. 2)</B></P>

<P STYLE="font: 12pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/15pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 0; text-align: center"><B>Under the Securities Exchange
Act of 1934</B></P>

<P STYLE="font: 12pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 16pt"><B>PowerFleet, Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1.5pt solid">
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of the Issuer)</P>
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 12pt/12.5pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Common Stock, $0.01 par value per share </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Title of Class of Securities)</P>
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.75in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 12pt/12.5pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>73931J109</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">(CUSIP Number)</P>
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; width: 50%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Kostas Sofronas</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>ABRY Senior Equity Holdings V, LLC</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>C/O ABRY Partners II, LLC</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>888 Boylston Street, Suite 1600</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Boston, MA 02199</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Telephone: (617) 859-2959</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; width: 50%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>Steven E. Siesser, Esq.</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>Brooke A. Gillar, Esq.</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>Lowenstein Sandler LLP</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>1251 Avenue of the Americas</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>New York, New York 10020</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>Telephone: (212) 262-6700</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name, Address and Telephone Number of
        Person Authorized to<BR>
        Receive Notices and Communications)</P>
        <P STYLE="font: 10pt/12.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 12pt/12.5pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>May 13, 2020</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Date of Event which Requires Filing of this Statement)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule&nbsp;13D, and is filing this schedule because of &sect;&sect;240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box.&nbsp; &#9744;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Note:</B>&nbsp; Schedules filed in paper format shall include
a signed original and five copies of the schedule, including all exhibits.&nbsp; See &sect;240.13d-7(b) for other parties to whom
copies are to be sent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; width: 2%"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; width: 98%; text-align: justify"><FONT STYLE="font-size: 10pt">The remainder of this cover page shall be filled out for a Reporting Person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The information required on the remainder
of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended (&#8220;<U>Act</U>&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border: black 1.5pt solid; vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding: 6pt"><FONT STYLE="font-size: 10pt"><B>CUSIP No. 73931J109 </B></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding: 6pt 6pt 1.5pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding: 6pt 6pt 1.5pt 9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">NAME OF REPORTING PERSONS</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ABRY Senior Equity Holdings V, LLC</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a) &#9744;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(b) &#9744;</P></TD>
    <TD STYLE="border-right: black 1.5pt solid; white-space: nowrap; border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SEC USE ONLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOURCE OF FUNDS (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">AF (See Item 3)</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt"><FONT STYLE="font-size: 10pt">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; vertical-align: top; border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Delaware</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" ROWSPAN="4" STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">NUMBER OF</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SHARES</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">BENEFICIALLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OWNED BY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">EACH</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REPORTING</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">WITH</P></TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">0</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">7,071,911<B>*</B></P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">0</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">7,071,911<B>*</B></P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">7,071,911<B>*</B></P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
        (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: black 1.5pt solid; vertical-align: top; border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">19.13%<B>*</B>&#8224;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TYPE OF REPORTING PERSON (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">OO</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 42%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 8pt">*As of May 13,
2020 (the &#8220;<U>Event Date</U>&#8221;), ABRY Senior Equity Holdings V, LLC (&#8220;<U>ASEH</U>&#8221;) may be deemed to beneficially
own an aggregate of 7,071,911 shares of common stock, par value $0.01 per share (the &#8220;<U>Common Stock</U>&#8221;), of PowerFleet,
Inc. (the &#8220;<U>Issuer</U>&#8221;) that would be currently issuable upon the conversion of the Issuer&#8217;s Series A Convertible
Preferred Stock (the &#8220;<U>Preferred Stock</U>&#8221;) held by ABRY Senior Equity V, L.P. (&#8220;<U>ASE</U>&#8221;) and ABRY
Senior Equity Co-Investment Fund V, L.P. (&#8220;<U>ASECF</U>&#8221;). As of the Event Date, ASE held Preferred Stock convertible
into 5,934,748 shares of Common Stock and ASECF held Preferred Stock convertible into 1,137,163 shares of Common Stock. ABRY Senior
Equity Investors V, L.P. (&#8220;<U>ASEI</U>&#8221;) is the general partner of ASE. ABRY Senior Equity Co-Investment GP V, LLC
(&#8220;<U>ASECI</U>&#8221;) is the general partner of ASECF. ASEH is the general partner of ASEI and is the sole member of ASECI.
By virtue of such relationships, ASEH may be deemed to have voting and investment power with respect to the securities held by
ASE and ASECF and as a result may be deemed to have beneficial ownership over such securities. Currently John Hunt (&#8220;<U>Hunt</U>&#8221;),
a Managing Partner of ABRY Partners II, LLC (&#8220;<U>ABRY Partners</U>&#8221;), an affiliate of ASEH, and Anders Bjork (&#8220;<U>Bjork</U>&#8221;),
a Partner of ABRY Partners, serve on the Issuer&#8217;s board of directors. Each of Hunt and Bjork has no control or voting power
over the securities held by ASE and ASECF. ASEH, Hunt and Bjork each disclaim beneficial ownership of the Common Stock held by
ASE and ASECF reported herein except to the extent of their pecuniary interest therein, if any. As of the Event Date, for purposes
of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the &#8220;<U>Act</U>&#8221;), ASEH may be deemed to beneficially
own 19.13% of the Common Stock deemed issued and outstanding.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 8pt">&#8224; This
foregoing beneficial ownership is calculated based upon 36,971,021 shares of Common Stock outstanding of the Issuer as of May
11, 2020, based on information disclosed by the Issuer in the Quarterly Report on Form 10-Q for the quarterly period ended March
31, 2020, filed May 15, 2020, and includes 7,071,911 shares of Common Stock issuable upon the conversion of the Preferred Stock
held by ASEH.</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border: black 1.5pt solid; vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding: 6pt"><FONT STYLE="font-size: 10pt"><B>CUSIP No. 73931J109 </B></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding: 6pt 6pt 1.5pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding: 6pt 6pt 1.5pt 9pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">NAME OF REPORTING PERSONS</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ABRY Senior Equity V, L.P.</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a) &#9744;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(b) &#9744;</P></TD>
    <TD STYLE="border-right: black 1.5pt solid; white-space: nowrap; border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SEC USE ONLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOURCE OF FUNDS (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">WC (See Item 3)</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt"><FONT STYLE="font-size: 10pt">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; vertical-align: top; border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Delaware</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" ROWSPAN="4" STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">NUMBER OF</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SHARES</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">BENEFICIALLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">OWNED BY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">EACH</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REPORTING</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">WITH</P></TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">0</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">5,934,748*</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">0</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">5,934,748*</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">5,934,748<B>*</B></P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
        (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: black 1.5pt solid; vertical-align: top; border-bottom: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">16.56%<B>*</B>&#8224;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; font: 12pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: center"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TYPE OF REPORTING PERSON (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">PN</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 42%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* As of the Event Date, ASE holds Preferred
Stock convertible into 5,934,748 shares Common Stock of the Issuer. As of the Event Date, for purposes of Rule 13d-3 under the
Act, ASE may be deemed to beneficially own 16.56% of the Common Stock deemed issued and outstanding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&#8224; </FONT><FONT STYLE="font-size: 8pt">This
foregoing beneficial ownership is calculated based upon 35,833,858 shares of Common Stock outstanding of the Issuer as of May
11, 2020, based on information disclosed by the Issuer in the Quarterly Report on Form 10-Q for the quarterly period ended
March 31, 2020, filed May 15, 2020, and includes 5,934,748 shares of Common Stock issuable upon the conversion of the
Preferred Stock held by ASE.</FONT></P>


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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: center">Explanatory Note</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">This Amendment No.
2 to Schedule 13D (this &#8220;<U>Amendment No. 2</U>&#8221;) amends and supplements the Schedule 13D filed on behalf of (i) ABRY
Senior Equity V, L.P., a Delaware limited partnership (&#8220;<U>ASE</U>&#8221; and together with ASEH, the &#8220;<U>Reporting
Persons</U>&#8221;), and (ii) ABRY Senior Equity Holdings V, LLC, a Delaware limited liability company (&#8220;<U>ASEH</U>&#8221;),
with the Securities and Exchange Commission (the &#8220;<U>SEC</U>&#8221;) on October 3, 2019, as amended on January 9, 2020 (as
amended, the &#8220;<U>Schedule 13D</U>&#8221;). Except as specifically provided herein, this Amendment No. 2 does not modify or
amend any of the information previously reported in the Schedule 13D. Capitalized terms used and not otherwise defined herein shall
have the meanings ascribed to such terms in the Schedule 13D.</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify">Item 5.&nbsp; Interest in Securities
of the Issuer</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">Item 5 of the Schedule
13D is hereby amended by deleting it in its entirety and substituting the following in lieu thereof:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">(a) &#8212; (b)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">As of the date of
this filing, ASE, a limited partnership organized under the laws of Delaware, holds 43,436.418 shares of Preferred Stock, which
are currently convertible into 5,934,748 shares of Common Stock constituting approximately 16.56% of the issued and outstanding
shares of Common Stock (including the Common Stock underlying the Preferred Stock held by ASE).&nbsp; This includes (i) 42,636.975
shares of Preferred Stock, which are convertible into an aggregate of 5,825,520 shares of Common Stock, and (ii) 799.443 shares
of Preferred Stock, which are convertible into an aggregate of 109,228 shares of Common Stock, which were issued in connection
with a payment-in-kind dividend on the Preferred Stock on March 31, 2020. ASEH is the general partner of ASEI, which in turn is
the general partner of ASE pursuant to the terms of the limited partnership agreements of ASE and ASEI.&nbsp; As a result, ASEH
has the power to direct the vote and disposition of the Common Stock held by ASE, and therefore may be deemed to beneficially own
the Common Stock issuable upon conversion of the Preferred Stock held by ASE.&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">As of the date of
this filing, ASECF, a limited partnership organized under the laws of Delaware, holds 8,322.894 shares of Preferred Stock, which
are currently convertible into 1,137,163 shares of Common Stock constituting approximately 3.66% of the issued and outstanding
shares of Common Stock (including the Common Stock underlying the Preferred Stock held by ASECF).&nbsp; This includes (i) 8,169.712
shares of Preferred Stock, which are convertible into an aggregate of 1,116,234 shares of Common Stock, and (ii) 153.182 shares
of Preferred Stock, which are convertible into an aggregate of 20,929 shares of Common Stock, which were issued in connection with
a payment-in-kind dividend on the Preferred Stock on March 31, 2020. ASEH is the sole member of ASECI pursuant to the terms of
the limited liability company agreement of ASECI, which in turn is the general partner of ASECF pursuant to the terms of the limited
partnership agreement of ASECF.&nbsp; As a result, ASEH has the power to direct the vote and disposition of the Common Stock held
by ASECF, and therefore may be deemed to beneficially own the Common Stock issuable upon conversion of the Preferred Stock held
by ASECF.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">By virtue of such
relationships, ASEH may be deemed to have voting and investment power with respect to the 7,071,911 shares of Common Stock of the
Issuer that would be currently issuable upon the conversion of the Issuer&#8217;s Preferred Stock held by ASE and ASECF and as
a result may be deemed to have beneficial ownership over such securities.</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">Currently Hunt and
Bjork serve on the Issuer&#8217;s board of directors as Series A Directors. Each of Hunt and Bjork has no control or voting power
over the securities held by ASE and ASECF. As of the Event Date, for purposes of Rule 13d-3 under the Securities Exchange Act of
1934, as amended, ASEH may be deemed to beneficially own 19.13% of the Common Stock deemed issued and outstanding.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">Pursuant to the
Investment Agreement, on October 3, 2019, the Issuer issued and sold to the Investors in a private placement certain convertible
promissory notes in the aggregate principal amount of $5,000,000 (collectively, the &#8220;<U>Original Notes</U>&#8221;). On the
Event Date, the Issuer, ASE, ASECF and AIP amended and restated the Original Notes (as amended and restated, the &#8220;<U>Restated
Notes</U>&#8221;) to, among other things, (i) remove the conversion feature, (ii) provide for certain mandatory prepayment obligations
of the Issuer effective on and after October 1, 2020, and (iii) extend the maturity date to March 31, 2021. Also on the Event Date,
the Issuer, I.D. Systems and the Investors entered into Amendment No. 4 to the Investment Agreement (the &#8220;<U>Investment Agreement
Amendment</U>&#8221;) to reflect the amended terms and conditions of the Restated Notes. The Restated Notes will bear interest
at 10% per annum and may be prepaid in full subject to a prepayment premium. For a complete description of the Restated Notes and
the Investment Agreement Amendment, reference is made to Exhibit 2 and Exhibit 3 of this Amendment No. 2, respectively.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">(c) Except as disclosed
herein, the Reporting Persons have not effected any transactions during the past sixty (60) days in any securities of the Issuer.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">(d) Not applicable.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">(e) Not applicable.</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify">Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">Item 6 of the Schedule
13D is hereby amended by deleting the heading titled &#8220;Convertible Notes&#8221; in its entirety and substituting the following
in lieu thereof:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0in"><B><I>Restated Notes</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0.5in">Pursuant to the
Investment Agreement, on October 3, 2019, the Issuer issued and sold to the Investors in a private placement the Original Notes
in the aggregate principal amount of $5,000,000. The Original Notes were amended and restated on the Event Date, to, among other
things, remove the conversion feature. The maturity date of the Restated Notes is March&nbsp;31, 2021. The Restated Notes continue
to bear interest at 10% per annum, may be prepaid in full (and if prepayment is made on or before September 30, 2020, include a
prepayment premium), and provide for certain mandatory prepayment obligations of the Issuer effective on and after October 1, 2020.</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 14pt">Item 7.&nbsp; Material to Be Filed as Exhibits</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">The following exhibits are incorporated into this Amendment No.
2:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; width: 12%; padding: 2.25pt"><FONT STYLE="font-size: 11pt">Exhibit 1</FONT></TD>
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt; width: 88%; text-align: justify"><FONT STYLE="font-size: 11pt">Joint Filing Agreement, dated October 3, 2019, by and among ABRY Senior Equity Holdings V, LLC and ABRY Senior Equity V, L.P. (incorporated by reference to Exhibit 1 to the Schedule 13D filed by the Reporting Persons with the SEC on October 3, 2019).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; width: 12%; padding: 2.25pt"><FONT STYLE="font-size: 11pt">Exhibit 2</FONT></TD>
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt; width: 88%; text-align: justify"><FONT STYLE="font-size: 11pt">Form of Amended and Restated Promissory Note (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K of PowerFleet, Inc., filed with the SEC on May 14, 2020).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD>
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt"><FONT STYLE="font-size: 11pt">Exhibit 3</FONT></TD>
    <TD STYLE="font: 12pt/12.5pt Times New Roman, Times, Serif; padding: 2.25pt; text-align: justify"><FONT STYLE="font-size: 11pt">Amendment No. 4 to the Investment and Transaction Agreement, dated as of May 13, 2020, by and among PowerFleet, Inc., I.D. Systems, Inc., ABRY Senior Equity V, L.P., ABRY Senior Equity Co-Investment Fund V, L.P. and ABRY Investment Partnership, L.P. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of PowerFleet, Inc., filed with the SEC on May 14, 2020).</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Signatures</B></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">After reasonable inquiry and to the best of
my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Dated as of May 20, 2020</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">ABRY SENIOR EQUITY HOLDINGS V, LLC</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 44%; text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 42%; text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in; font-size: 11pt">&nbsp;&nbsp;/s/ Jay M. Grossman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0in; font-size: 11pt">Name: Jay M. Grossman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0in; font-size: 11pt">Title: Manager</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">ABRY SENIOR EQUITY V, L.P.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 44%; text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 42%; text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">By:</TD>
    <TD STYLE="text-align: justify; text-indent: 0in; font-size: 11pt">ABRY Senior Equity Investors V, L.P.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">Its:</TD>
    <TD STYLE="text-align: justify; text-indent: 0in; font-size: 11pt">General Partner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">By:</TD>
    <TD STYLE="text-align: justify; text-indent: 0in; font-size: 11pt">ABRY Senior Equity Holdings V, LLC</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">Its:</TD>
    <TD STYLE="text-align: justify; text-indent: 0in; font-size: 11pt">General Partner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify; text-indent: 0in; font-size: 11pt">&nbsp;&nbsp;/s/ Jay M. Grossman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; font-size: 11pt">Name: Jay M. Grossman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0.5in; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; font-size: 11pt">Title: Manager</TD></TR>
</TABLE>

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<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2.25pt; width: 12%; font-size: 12pt; line-height: 12.5pt"><FONT STYLE="font-size: 11pt">Exhibit 1</FONT></TD>
    <TD STYLE="padding: 2.25pt; width: 88%; font-size: 12pt; line-height: 12.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Joint Filing Agreement, dated October 3, 2019, by and among ABRY Senior Equity Holdings V, LLC and ABRY Senior Equity V, L.P. (incorporated by reference to Exhibit 1 to the Schedule 13D filed by the Reporting Persons with the SEC on October 3, 2019).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt">&nbsp;</TD>
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt"><FONT STYLE="font-size: 11pt">Exhibit 2</FONT></TD>
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Form of Amended and Restated Promissory Note (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K of PowerFleet, Inc., filed with the SEC on May 14, 2020).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt">&nbsp;</TD>
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt"><FONT STYLE="font-size: 11pt">Exhibit 3</FONT></TD>
    <TD STYLE="padding: 2.25pt; font-size: 12pt; line-height: 12.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Amendment No. 4 to the Investment and Transaction Agreement, dated as of May 13, 2020, by and among PowerFleet, Inc., I.D. Systems, Inc., ABRY Senior Equity V, L.P., ABRY Senior Equity Co-Investment Fund V, L.P. and ABRY Investment Partnership, L.P. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of PowerFleet, Inc., filed with the SEC on May 14, 2020).</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 14pt; text-align: justify; text-indent: 0in">&nbsp;</P>





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