Form of Voting Agreement, each dated May 29, 2018, between the Company and each purchaser under the Securities Purchase Agreement

EX-10.7 8 tv495279_ex10-7.htm EXHIBIT 10.7

 

Exhibit 10.7

 

TO:The Purchasers of xG Technology, Inc., 6% Senior Secured Convertible Debentures and Warrants

 

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 19.999% of the number of shares of common stock of XGTI outstanding on the date of closing pursuant to that certain Securities Purchase Agreement, dated May 29, 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.

 

  By:  
    Name of Shareholder:
    Percentage Beneficial Ownership: