AMENDMENT NO. 2 TO
THIS AMENDMENT NO. 2 TO PROMISSORY NOTE (this “ Amendment ”) is made as of
March 31, 2010 to that certain Promissory Note, dated as of December 31, 2007 and amended as of
December 19, 2008, in the original principal amount of $2,000,000 (the “ Note ”), made in favor of Immersive
Media Corp., an corporation organized under the laws of Alberta province in Canada (“ Lender ”), by T3
Motion, Inc., a Delaware corporation (“ Borrower ”). All capitalized terms not defined herein shall have the
meanings ascribed to such terms in the Note.
WHEREAS, Borrower and Lender desire to amend the terms and conditions of the Note, in order that,
among other things, the maturity date will be extended by one month.
WHEREAS, Borrower and Lender agree that Borrower has already repaid $1,000,000 of the Note
principal and that the outstanding principal amount under the Note is $1,000,000.
NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable
consideration, the adequacy and sufficiency of which is hereby acknowledged, the parties agree as follows:
1. Maturity Date Extension and Interest . The maturity date of the Note shall be amended from March 31,
2010 to April 30, 2010. All accrued interest to March 31, 2010 shall be paid on April 1, 2010.
2. Warrants . As consideration for extending the maturity date of the Note, Lender shall exchange (a) its
Class A warrants to purchase up to 697,639 shares of Borrower common stock, $0.001 par value per share, at
an exercise price of $1.081 per share and (b) its Class D warrants to purchase up to 250,000 shares of
Borrower common stock at an exercise price of $2.00 per share, for (c) two (2) Class G Warrants to purchase
up to 697,639 and 250,000 shares of Borrower common stock, respectively, each with an exercise price of
$0.70 per share. In addition, we will issue 1,040,000 Class G Warrants with an exercise