Voting Agreement Relating to xG Technology, Inc. 10% Senior Secured Convertible Debentures
This agreement is between a shareholder of xG Technology, Inc. (XGTI) and the purchasers of XGTI's 10% Senior Secured Convertible Debentures. The shareholder agrees to vote all shares they control in favor of any shareholder resolution approving the issuance of more than 19.99% of XGTI's outstanding common stock, as required by a Securities Purchase Agreement dated December 3, 2018, and Nasdaq rules. This commitment is irrevocable and is a condition for entering into the Securities Purchase Agreement.
TO: | The Purchasers of xG Technology, Inc., 10% Senior Secured Convertible Debentures |
To Whom It May Concern:
This letter will confirm my agreement to vote all shares of xG Technology, Inc. (“XGTI”) voting stock over which I have voting control in favor of any resolution presented to the shareholders of XGTI to approve the issuance, in the aggregate, of more than 19.99% of the number of shares of common stock of XGTI outstanding on the date of closing pursuant to that certain Securities Purchase Agreement, dated December 3, 2018, by and between XGTI and each purchaser signatory thereto (the “Purchase Agreement”) and the other agreements entered into in connection therewith or as otherwise may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity). This agreement is given in consideration of, and as a condition to enter into such Securities Purchase Agreement and is not revocable by me.
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Name of Shareholder: | ||
Percentage Beneficial Ownership: |