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<SEC-DOCUMENT>0000944075-10-000040.txt : 20101108
<SEC-HEADER>0000944075-10-000040.hdr.sgml : 20101108
<ACCEPTANCE-DATETIME>20101108150808
ACCESSION NUMBER:		0000944075-10-000040
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20101102
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20101108
DATE AS OF CHANGE:		20101108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOCKET MOBILE, INC.
		CENTRAL INDEX KEY:			0000944075
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPUTERS [3571]
		IRS NUMBER:				943155066
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25904
		FILM NUMBER:		101172042

	BUSINESS ADDRESS:	
		STREET 1:		39700 EUREKA DRIVE
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560-4808
		BUSINESS PHONE:		5109333000

	MAIL ADDRESS:	
		STREET 1:		39700 EUREKA DRIVE
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560-4808

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOCKET COMMUNICATIONS INC
		DATE OF NAME CHANGE:	19950418
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form-8k1102.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html>
<head>

</head>

<body bgcolor="#FFFFFF">
<div align=left>
  <hr width="100%">
  <div align=center>
    <hr width="100%">
    <p><font face="Times New Roman, Times, serif" size="3"><b><font size="5">UNITED
      STATES<br>
      </font></b><font size="5"><strong>SECURITIES AND EXCHANGE COMMISSION</strong></font></font></p>
  </div>
</div>
<p align=center><font face="Times New Roman, Times, serif" size="3"><b>Washington,
  DC 20549</b></font></p>
<p align=center><font face="Times New Roman, Times, serif" size="3">__________________________</font></p>
<p align=center><font face="Times New Roman, Times, serif" size="3"> <b><font size="5">FORM
  8-K</font></b><br>
  <br>
  <b>CURRENT REPORT</b><br>
  <br>
  <b>Pursuant to Section 13 or 15(d) of <br>
  The Securities Exchange Act of 1934</b><br>
  <b><br>
  </b></font></p>
<p align=center><font face="Times New Roman, Times, serif" size="3"><b><font size="4">November
  2</font></b></font><font face="Times New Roman, Times, serif" size="4"><b>,
  2010</b></font><font face="Times New Roman, Times, serif"><font size=3><br>
  Date of Report<br>
  <font size="2">(Date of earliest event reported)</font></font></font></p>
<p align=center><font face="Times New Roman, Times, serif" size="3"><br>
  </font></p>
<p align=center><font face="Times New Roman, Times, serif" size="6"><strong>SOCKET
  MOBILE, INC.</strong></font><font face="Times New Roman, Times, serif"><br>
  <font size=2>(Exact name of registrant as specified in its charter) </font></font></p>
<p>&nbsp;
<table cols=3 width="100%">
  <tr>
    <td height=28 width="34%">
      <center>
        <font face="Times New Roman, Times, serif" size=3><b>Delaware<br>
        </b></font><font face="Times New Roman, Times, serif" size=2>(State or
        other jurisdiction of incorporation)</font><font face="Times New Roman, Times, serif" size=3><b>
        </b> </font>
      </center>
    </td>
    <td height=28 width="32%">
      <center>
        <font face="Times New Roman, Times, serif" size=3><b>001-13810<br>
        </b></font><font face="Times New Roman, Times, serif" size=2>(Commission
        File Number)</font><font face="Times New Roman, Times, serif" size=3><b>
        </b></font>
      </center>
    </td>
    <td height=28 width="34%">
      <center>
        <font face="Times New Roman, Times, serif" size=3><b>94-3155066</b><br>
        </font><font face="Times New Roman, Times, serif" size=2>(IRS Employer
        Identification No.)</font><font face="Times New Roman, Times, serif" size=3>
        </font>
      </center>
    </td>
  </tr>
</table>
<font face="Times New Roman, Times, serif"><br>
</font>
<p align=center><font face="Times New Roman, Times, serif" size="3"><b>39700 Eureka
  Drive <br>
  Newark, CA 94560</b></font><font face="Times New Roman, Times, serif"><br>
  <font size=2>(Address of principal executive offices, including zip code) </font></font></p>
<p align=center><font face="Times New Roman, Times, serif" size="3"><b>(510) 933-3000<br>
  </b></font> <font face="Times New Roman, Times, serif"><font size="2">(Registrant's
  telephone number, including area code)</font></font>
<div align="center">
  <p>&nbsp;</p>
  <p align="left">Check the appropriate box below if the Form 8-K filing is intended
    to simultaneously satisfy the filing obligation of the registrant under any
    of the following provisions (see General Instruction A.2. below):</p>
  <p align="left"><font face="Times New Roman, Times, serif"><font size="3">[
    ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)</font></font></p>
  <p align="left"><font face="Times New Roman, Times, serif"><font size="3">[
    ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)</font></font></p>
  <p align="left"><font face="Times New Roman, Times, serif"><font size="3">[
    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))</font></font></p>
  <p align="left"><font face="Times New Roman, Times, serif"><font size="3">[
    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))<br>
    <br>
    </font></font></p>
</div>
<p style="PAGE-BREAK-BEFORE: always"> </p>
<div align=left></div>
<div align=left>
  <hr width="100%">
</div>
<p>&nbsp;</p>
<p><b>Item 1.01. Entry into a Material Definitive Agreement.</b></p>
<p>As described in the Current Report on Form 8-K of Socket Mobile, Inc. (the
  &quot;Company&quot;) dated October 27, 2010, on October 27, 2010 the Company
  entered into a Securities Purchase Agreement (the &quot;Purchase Agreement&quot;)
  with an accredited investor (the &quot;Investor&quot;) for the private placement
  of a Senior Secured Convertible Note (the &quot;Note&quot;) having a principal
  amount of $1,000,000 and a Warrant (the &quot;Warrant&quot;) to purchase 500,000
  shares of the Company's common stock. </p>
<p>On November 3, 2010, the Company entered a letter agreement (the &quot;First
  Waiver&quot;) with the Investor, pursuant to which the Investor waived its right
  to terminate its obligations under the Purchase Agreement (the &quot;Investor
  Termination Right&quot;) in the event that the closing of the transactions contemplated
  by the Purchase Agreement does not occur prior to the close of business on November
  5, 2010. </p>
<p>On November 5, 2010, the Company entered a waiver agreement (the &quot;Second
  Waiver&quot;) with the Investor pursuant to which the Investor waived the Investor
  Termination Right until to the close of business on November 12, 2010.</p>
<p>Additionally, the First Waiver modified the documents related to the financing,
  including the Purchase Agreement, the Note, the Warrant, the form of registration
  rights (the &quot;Registration Rights Agreement&quot;) and the form of security
  agreement (the &quot;Security Agreement&quot;) such that the laws of the state
  of Illinois govern each of the documents. </p>
<p>The foregoing descriptions of the First Waiver and the Second Waiver are qualified
  in their entirety by reference to the full text of the agreements, each of which
  is attached as an exhibit to this Current Report on Form 8-K and are incorporated
  herein by reference. Readers should review the full text of the First Waiver
  and the Second Waiver for a complete understanding of the agreements.</p>
<p><b><br>
  Item 1.02. Termination of Material Definitive Agreement.</b><br>
  <br>
  On November 2, 2010 the Company paid the outstanding indebtedness due to Silicon
  Valley Bank (the &quot;Lender&quot;) under the Second Amended and Restated Loan
  and Security Agreement between the Company and the Lender, dated as of December
  24, 2008, as amended, and the Second Amended and Restated Export-Import Bank
  Loan and Security Agreement between the Company and the Lender, dated as of
  December 24, 2008, as amended (together the &quot;Loan Agreements&quot;). All
  obligations of the Company under the Loan Agreements and any other related loan
  and collateral security documents, except those which specifically survive the
  termination of such agreements, are terminated.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">1</p>
<hr width="100%">
<p><br>
  <font face="Times New Roman, Times, serif"><b>Item 9.01 Financial Statements
  and Exhibits.</b></font><font face="Times New Roman, Times, serif"> </font></p>
<table cellspacing=0 cellpadding=0 width="95%" align=left border=0 height="157">
  <tr valign=bottom>
    <td align="left" height="54" width="380" style="border-bottom: 1px solid #000000" class="border">
      <div style="margin-left: 10px; text-indent: -10px">
        <div align="center" class="border"><font face="Times New Roman, Times, serif">Exhibit
          Number</font></div>
      </div>
    </td>
    <td width=13 height=54>&nbsp;</td>
    <td align="left" height="54" width="1243" style="border-bottom: 1px solid #000000" class="border">
      <div style="margin-left: 10px; text-indent: -10px">
        <div class="border">
          <div align="left"><font face="Times New Roman, Times, serif">Description</font></div>
        </div>
      </div>
    </td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">&nbsp;</td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">&nbsp;</td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">
      <div align=center><font face="Times New Roman, Times, serif">10.1</font></div>
    </td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">Letter Agreement, dated November 3, 2010, between
      the Company and the Investor</td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">&nbsp;</td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">&nbsp;</td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">
      <div align=center><font face="Times New Roman, Times, serif">10.2</font></div>
    </td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">Letter Agreement, dated November 5, 2010, between
      the Company and the Investor</td>
  </tr>
</table>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">2</p>
<hr width="100%">
<p align="center">&nbsp;</p>
<p align="center"><font face="Times New Roman, Times, serif"><b>SIGNATURES</b><br>
  </font></p>
<p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
  has duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.</p>
<p>&nbsp;</p>
<dir>
  <dir>
    <dir>
      <dir>
        <dir>
          <blockquote>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <tr>
              <td>&nbsp;</td>
              <td>&nbsp;</td>
            </tr>
            <p align=left> </p>
            <tr valign="bottom"
align="left"></tr>
          </blockquote>
        </dir>
      </dir>
    </dir>
  </dir>
</dir>
<div align=left>
  <table height=135 cellspacing=0 cellpadding=0 width=96% align=left border=0>
    <tr>
      <td width=300>&nbsp;</td>
      <td width=21>&nbsp;</td>
      <td colspan="2"><font face="Times New Roman, Times, serif"><b>SOCKET MOBILE,
        INC.</b></font></td>
    </tr>
    <tr>
      <td width=300>&nbsp;</td>
      <td width=21>&nbsp;</td>
      <td colspan="2">&nbsp;</td>
    </tr>
    <tr>
      <td width=300>
        <div align=left></div>
      </td>
      <td width=21>&nbsp;</td>
      <td colspan="2">&nbsp;</td>
    </tr>
    <tr>
      <td width=300 height=19>
        <div align=left><font face="Times New Roman, Times, serif">Date: November
          8, 2010</font></div>
      </td>
      <td width=21 height=19>&nbsp;</td>
      <td width=30 height=19><font face="Times New Roman, Times, serif">By: <u>/s/
        </u></font></td>
      <td width=379 height=19><font face="Times New Roman, Times, serif"><u>David
        W. Dunlap</u></font></td>
    </tr>
    <tr>
      <td width=300 height=40>
        <div align=left></div>
      </td>
      <td width=21 height=40>&nbsp;</td>
      <td width=30 height=40>
        <blockquote>
          <div align="left"></div>
        </blockquote>
      </td>
      <td width=379 height=40><font face="Times New Roman, Times, serif">David
        W. Dunlap<br>
        Vice President, Finance and Administration <br>
        and Chief Financial Officer</font></td>
    </tr>
  </table>
</div>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">3</p>
<hr>
<p align="center">&nbsp; </p>
<p align=center>&nbsp;</p>
<p align=center><font face="Times New Roman, Times, serif"><b>EXHIBIT INDEX</b></font></p>
<p align=center>&nbsp;</p>
<table cellspacing=0 cellpadding=0 width="95%" align=left border=0 height="157">
  <tr valign=bottom>
    <td align="left" height="54" width="380" style="border-bottom: 1px solid #000000" class="border">
      <div style="margin-left: 10px; text-indent: -10px">
        <div align="center" class="border"><font face="Times New Roman, Times, serif">Exhibit
          Number</font></div>
      </div>
    </td>
    <td width=13 height=54>&nbsp;</td>
    <td align="left" height="54" width="1243" style="border-bottom: 1px solid #000000" class="border">
      <div style="margin-left: 10px; text-indent: -10px">
        <div class="border">
          <div align="left"><font face="Times New Roman, Times, serif">Description</font></div>
        </div>
      </div>
    </td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">&nbsp;</td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">&nbsp;</td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">
      <div align=center><font face="Times New Roman, Times, serif">10.1</font></div>
    </td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">Letter Agreement, dated November 3, 2010, between
      the Company and the Investor</td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">&nbsp;</td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">&nbsp;</td>
  </tr>
  <tr valign=top>
    <td width=380 height="22">
      <div align=center><font face="Times New Roman, Times, serif">10.2</font></div>
    </td>
    <td width=13 height="22">&nbsp;</td>
    <td width=1243 height="22">Letter Agreement, dated November 5, 2010, between
      the Company and the Investor</td>
  </tr>
</table>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">4</p>
<hr width="100%">
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>
<head>
<title>Untitled Document</title>
</head>

<body bgcolor="#FFFFFF">
<p align="right"><b>Exhibit 10.1</b></p>
<p align="left">November 3, 2010</p>
<p>Hudson Bay Master Fund Ltd.<br>
  120 Broadway, 40th Floor<br>
  New York, New York 10271<br>
</p>
<p>Ladies and Gentlemen:<br>
</p>
<p>We hereby reference the Securities Purchase Agreement (the &quot;Purchase Agreement&quot;),
  dated as of October 27, 2010, by and between Socket Mobile, Inc. (the &quot;Company&quot;)
  and Hudson Bay Master Fund Ltd. (the &quot;Buyer&quot;). Capitalized terms used
  but not defined herein shall have the meanings ascribed to such terms in the
  Purchase Agreement.<br>
</p>
<p>This letter agreement memorializes the agreement between the Company and the
  Buyer to extend the date on which the Buyer shall have the right to terminate
  its obligations under the Purchase Agreement if the Closing shall not have occurred
  by such date.<br>
</p>
<p>1. <u>Waiver</u>. The Buyer hereby waives its right to terminate its obligations
  under the Purchase Agreement pursuant to Section 8 of the Purchase Agreement
  until the close of business on November 5, 2010. The Buyer shall have such right
  of termination under Section 8 of the Purchase Agreement in the event that the
  Closing shall not have occurred by the close of business on November 5, 2010,
  subject to the conditions set forth therein. <br>
</p>
<p>2. <u>Amendments</u>. <br>
</p>
<p>(a) Section 1(b) of the Purchase Agreement is hereby amended and restated as
  follows:</p>
<p><u>Closing</u>. The closing (the &quot;<b>Closing</b>&quot;) of the purchase
  of the Notes and the Warrants by the Buyers shall occur at the offices of Greenberg
  Traurig, LLP, 77 W. Wacker Drive, Suite 3100, Chicago, Illinois 60601. The date
  and time of the Closing (the &quot;<b>Closing Date</b>&quot;) shall be 10:00
  a.m., New York time, on the first (1st) Business Day on which the conditions
  to the Closing set forth in Sections 6 and 7 below are satisfied or waived (or
  such later date as is mutually agreed to by the Company and each Buyer). As
  used herein &quot;<b>Business Day</b>&quot; means any day other than a Saturday,
  Sunday or other day on which commercial banks in New York, New York are authorized
  or required by law to remain closed.<br>
</p>
<p>(b) Section 9(a) of the Purchase Agreement is hereby amended and restated as
  follows:</p>
<p><u>Governing Law; Jurisdiction; Jury Trial</u>. The parties hereby agree that
  pursuant to 735 Illinois Compiled Statutes 105/5-5 they have chosen that all
  questions concerning the construction, validity, enforcement and interpretation
  of this Agreement shall be governed by the internal laws of the State of Illinois,
  without giving effect to any choice of law or conflict of law provision or rule
  (whether of the State of Illinois or any other jurisdictions) that would cause
  the application of the laws of any jurisdictions other than the State of Illinois.
  Each party hereby irrevocably submits to the exclusive jurisdiction of the state
  and federal courts sitting in Chicago, Illinois, for the adjudication of any
  dispute hereunder or in connection herewith or with any transaction contemplated
  hereby or discussed herein, and hereby irrevocably waives, and agrees not to
  assert in any suit, action or proceeding, any claim that it is not personally
  subject to the jurisdiction of any such court, that such suit, action or proceeding
  is brought in an inconvenient forum or that the venue of such suit, action or
  proceeding is improper. Each party hereby irrevocably waives personal service
  of process and consents to process being served in any such suit, action or
  proceeding by mailing a copy thereof to such party at the address for such notices
  to it under this Agreement and agrees that such service shall constitute good
  and sufficient service of process and notice thereof. Nothing contained herein
  shall be deemed to limit in any way any right to serve process in any manner
  permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE
  TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
  HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
  CONTEMPLATED HEREBY. </p>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p><br>
  (c) Section 11(d) of the Registration Rights Agreement (as defined in the Purchase
  Agreement) is hereby amended and restated as follows:</p>
<p>All questions concerning the construction, validity, enforcement and interpretation
  of this Agreement shall be governed by the internal laws of the State of Illinois,
  without giving effect to any choice of law or conflict of law provision or rule
  (whether of the State of Illinois or any other jurisdictions) that would cause
  the application of the laws of any jurisdictions other than the State of Illinois.
  Each party hereby irrevocably submits to the exclusive jurisdiction of the state
  and federal courts sitting in Chicago, Illinois, for the adjudication of any
  dispute hereunder or in connection herewith or with any transaction contemplated
  hereby or discussed herein, and hereby irrevocably waives, and agrees not to
  assert in any suit, action or proceeding, any claim that it is not personally
  subject to the jurisdiction of any such court, that such suit, action or proceeding
  is brought in an inconvenient forum or that the venue of such suit, action or
  proceeding is improper. Each party hereby irrevocably waives personal service
  of process and consents to process being served in any such suit, action or
  proceeding by mailing a copy thereof to such party at the address for such notices
  to it under this Agreement and agrees that such service shall constitute good
  and sufficient service of process and notice thereof. Nothing contained herein
  shall be deemed to limit in any way any right to serve process in any manner
  permitted by law. If any provision of this Agreement shall be invalid or unenforceable
  in any jurisdiction, such invalidity or unenforceability shall not affect the
  validity or enforceability of the remainder of this Agreement in that jurisdiction
  or the validity or enforceability of any provision of this Agreement in any
  other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE
  TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
  HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY
  TRANSACTION CONTEMPLATED HEREBY.</p>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p><br>
  (d) Section 11 of the Warrant (as defined in the Purchase Agreement) is hereby
  amended and restated as follows:<br>
</p>
<p>GOVERNING LAW. This Warrant shall be governed by and construed and enforced
  in accordance with, and all questions concerning the construction, validity,
  interpretation and performance of this Warrant shall be governed by, the internal
  laws of the State of Illinois, without giving effect to any choice of law or
  conflict of law provision or rule (whether of the State of Illinois or any other
  jurisdictions) that would cause the application of the laws of any jurisdictions
  other than the State of Illinois. The Company hereby irrevocably submits to
  the exclusive jurisdiction of the state and federal courts sitting in Chicago,
  Illinois, for the adjudication of any dispute hereunder or in connection herewith
  or with any transaction contemplated hereby or discussed herein, and hereby
  irrevocably waives, and agrees not to assert in any suit, action or proceeding,
  any claim that it is not personally subject to the jurisdiction of any such
  court, that such suit, action or proceeding is brought in an inconvenient forum
  or that the venue of such suit, action or proceeding is improper. Nothing contained
  herein shall be deemed to limit in any way any right to serve process in any
  manner permitted by law. Nothing contained herein shall be deemed or operate
  to preclude the Holder from bringing suit or taking other legal action against
  the Company in any other jurisdiction to collect on the Company's obligations
  to the Holder or to enforce a judgment or other court ruling in favor of the
  Holder. THE COMPANY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND
  AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER
  OR IN CONNECTION WITH OR ARISING OUT OF THIS WARRANT OR ANY TRANSACTION CONTEMPLATED
  HEREBY.<br>
</p>
<p>(e) Section 27 of the Note (as defined in the Purchase Agreement) is hereby
  amended and restated as follows:</p>
<p><u>GOVERNING LAW</u>. This Note shall be construed and enforced in accordance
  with, and all questions concerning the construction, validity, interpretation
  and performance of this Note shall be governed by, the internal laws of the
  State of Illinois, without giving effect to any choice of law or conflict of
  law provision or rule (whether of the State of Illinois or any other jurisdictions)
  that would cause the application of the laws of any jurisdictions other than
  the State of Illinois. The Company hereby irrevocably submits to the exclusive
  jurisdiction of the state and federal courts sitting in Chicago, Illinois, for
  the adjudication of any dispute hereunder or in connection herewith or with
  any transaction contemplated hereby or discussed herein, and hereby irrevocably
  waives, and agrees not to assert in any suit, action or proceeding, any claim
  that it is not personally subject to the jurisdiction of any such court, that
  such suit, action or proceeding is brought in an inconvenient forum or that
  the venue of such suit, action or proceeding is improper. Nothing contained
  herein shall be deemed to limit in any way any right to serve process in any
  manner permitted by law. In the event that any provision of this Note is invalid
  or unenforceable under any applicable statute or rule of law, then such provision
  shall be deemed inoperative to the extent that it may conflict therewith and
  shall be deemed modified to conform with such statute or rule of law. Any such
  provision which may prove invalid or unenforceable under any law shall not affect
  the validity or enforceability of any other provision of this Note. Nothing
  contained herein shall be deemed or operate to preclude the Holder from bringing
  suit or taking other legal action against the Company in any other jurisdiction
  to collect on the Company's obligations to the Holder, to realize on any collateral
  or any other security for such obligations, or to enforce a judgment or other
  court ruling in favor of the Holder. <b>THE COMPANY HEREBY IRREVOCABLY WAIVES
  ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION
  OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS NOTE OR
  ANY TRANSACTION CONTEMPLATED HEREBY.</b></p>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p><br>
  (f) Section 28(a)(i) of the Note is hereby amended and restated as follows:<br>
  the date actual payment of the amount due, in the case of any proceeding in
  the courts of Illinois or in the courts of any other jurisdiction that will
  give effect to such conversion being made on such date: or <br>
</p>
<p>(g) Section 30(n) of the Note (as defined in the Purchase Agreement) is hereby
  amended and restated as follows:</p>
<p>&quot;<b>Code</b>&quot; means the Illinois Uniform Commercial Code, as in effect
  from time to time.<br>
</p>
<p>(h) Section 1(a) of the Security Agreement (as defined in the Purchase Agreement)
  is hereby amended and restated as follows:</p>
<p>Reference is hereby made to the Securities Purchase Agreement and the Notes
  for a statement of the terms thereof. All terms used in this Agreement and the
  recitals hereto which are defined in the Securities Purchase Agreement, the
  Notes or in Articles 8 or 9 of the Uniform Commercial Code as in effect from
  time to time in the State of Illinois (the &quot;<b>Code</b>&quot;), and which
  are not otherwise defined herein shall have the same meanings herein as set
  forth therein; <u>provided</u> that terms used herein which are defined in the
  Code as in effect in the State of Illinois on the date hereof shall continue
  to have the same meaning notwithstanding any replacement or amendment of such
  statute except as the Collateral Agent may otherwise determine. <br>
</p>
<p>(i) Section 10(f) of the Security Agreement is hereby amended and restated
  as follows:</p>
<p>THIS AGREEMENT SHALL BE GOVERNED BY, CONSTRUED AND INTERPRETED IN ACCORDANCE
  WITH THE LAWS OF THE STATE OF ILLINOIS, EXCEPT AS REQUIRED BY MANDATORY PROVISIONS
  OF LAW AND EXCEPT TO THE EXTENT THAT THE VALIDITY AND PERFECTION OR THE PERFECTION
  AND THE EFFECT OF PERFECTION OR NON-PERFECTION OF THE SECURITY INTEREST CREATED
  HEREBY, OR REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR COLLATERAL ARE GOVERNED
  BY THE LAW OF A JURISDICTION OTHER THAN THE STATE OF ILLINOIS.</p>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p><br>
  (j) Section 10(g) of the Security Agreement is hereby amended and restated as
  follows:</p>
<p>ANY LEGAL ACTION, SUIT OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY
  DOCUMENT RELATED HERETO MAY BE BROUGHT IN STATE AND FEDERAL COURTS SITTING IN
  CHICAGO, ILLINOIS, AND APPELLATE COURTS THEREOF, AND, BY EXECUTION AND DELIVERY
  OF THIS AGREEMENT, EACH GRANTOR HEREBY ACCEPTS FOR ITSELF AND IN RESPECT OF
  ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID
  COURTS. EACH GRANTOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST
  EXTENT PERMITTED BY LAW, ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION
  TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF <u>FORUM</u> <u>NON</u> <u>CONVENIENS</u>,
  WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION, SUIT
  OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS AND CONSENTS TO THE GRANTING
  OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY THE COURT.<br>
</p>
<p>3. <u>Miscellaneous</u>.<br>
</p>
<p>(a) <u>Governing Law</u>. This letter agreement shall be governed by and construed
  in accordance with the laws of the State of Illinois.<br>
</p>
<p>(b) <u>Counterparts</u>. This letter agreement may be executed in counterparts,
  each of which shall be deemed an original, but all of which together shall constitute
  one and the same instrument.<br>
</p>
<p>(c) <u>Effect of Waiver and Amendments</u>. Except as expressly set forth herein,
  no other term or condition of the Purchase Agreement or any other Transaction
  Document shall be amended or waived hereby.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p align="center">&nbsp;</p>
<p> Please confirm our understanding and agreement with respect to the foregoing
  matters by signing below.<br>
</p>
<p>&nbsp;</p>
<table width="60%" border="0" cellspacing="0" cellpadding="0" align="left">
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">Very truly yours,</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">SOCKET MOBILE, INC.</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">By: <u>/s/ David W. Dunlap</u></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">Name: David W. Dunlap</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">Title: CFO</td>
  </tr>
</table>
<p align="center">&nbsp;</p>
<p align="left"><br>
</p>
<p align="right">&nbsp;</p>
<p align="right">&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="30%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>Agreed and Accepted:</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>HUDSON BAY MASTER FUND LTD.</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>By:/s/ Yoav Roth</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>Name: Yoav Roth</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>Title: Authorized Signatory</td>
  </tr>
</table>
<p align="left">&nbsp;</p>
<p align="center"><br>
</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p align="center">&nbsp; </p>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<html>
<head>
<title>Untitled Document</title>

</head>

<body bgcolor="#FFFFFF">
<p align="right"><b>Exhibit 10.2</b></p>
<p align="left">November 5, 2010</p>
<p>Hudson Bay Master Fund Ltd. <br>
  120 Broadway, 40th Floor<br>
  New York, New York 10271<br>
</p>
<p>Ladies and Gentlemen:<br>
</p>
<p>We hereby reference the Securities Purchase Agreement, dated as of October
  27, 2010, by and between Socket Mobile, Inc. (the &quot;Company&quot;) and Hudson
  Bay Master Fund Ltd. (the &quot;Buyer&quot;), as amended by the letter agreement
  between the Company and the Buyer dated November 3, 2010 (the &quot;Purchase
  Agreement&quot;). Capitalized terms used but not defined herein shall have the
  meanings ascribed to such terms in the Purchase Agreement.<br>
</p>
<p>This letter agreement memorializes the agreement between the Company and the
  Buyer to extend the date on which the Buyer shall have the right to terminate
  its obligations under the Purchase Agreement if the Closing shall not have occurred
  by such date.<br>
</p>
<p>1. <u>Waiver</u>. The Buyer hereby waives its right to terminate its obligations
  under the Purchase Agreement pursuant to Section 8 of the Purchase Agreement
  until the close of business on November 12, 2010. The Buyer shall have such
  right of termination under Section 8 of the Purchase Agreement in the event
  that the Closing shall not have occurred by the close of business on November
  12, 2010, subject to the conditions set forth therein. <br>
</p>
<p>2. <u>Miscellaneous</u>.<br>
</p>
<p>(a) <u>Governing Law</u>. This letter agreement shall be governed by and construed
  in accordance with the laws of the State of Illinois.<br>
</p>
<p>(b) <u>Counterparts</u>. This letter agreement may be executed in counterparts,
  each of which shall be deemed an original, but all of which together shall constitute
  one and the same instrument.<br>
</p>
<p>(c) <u>Effect of Waiver</u>. Except as expressly set forth herein, no other
  term or condition of the Purchase Agreement or any other Transaction Document
  shall be amended or waived hereby.<br>
</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]</p>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p><br>
  Please confirm our understanding and agreement with respect to the foregoing
  matters by signing below. </p>
<p>&nbsp;</p>
<table width="60%" border="0" cellspacing="0" cellpadding="0" align="left">
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">Very truly yours,</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">SOCKET MOBILE, INC.</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">By: <u>/s/ David W. Dunlap</u></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">Name: David W. Dunlap</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="30%">Title: CFO</td>
  </tr>
</table>
<p align="center">&nbsp;</p>
<p align="left"><br>
</p>
<p align="right">&nbsp;</p>
<p align="right">&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="30%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>Agreed and Accepted:</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>HUDSON BAY MASTER FUND LTD.</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>By:/s/ Yoav Roth</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>Name: Yoav Roth</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>Title: Authorized Signatory</td>
  </tr>
</table>
<p align="left">&nbsp;</p>
<p align="center"><br>
</p>
<p align="center">&nbsp;</p>
<hr width="100%">
<p align="center"></p>
<p align="right">&nbsp; </p>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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