Document:

Exhibit 10.3

 

LOCK UP AGREEMENT

 

THIS LOCK UP
AGREEMENT (the “Agreement”) is entered into as of this 17th day of February, 2017 (the
“Effective Date”) by and between the persons set forth on Schedule A hereto (each, a “Stockholder”
and collectively, the “Stockholders”) and Wireless Telecom Group, Inc., a New Jersey corporation (the
“Company”).

 

WHEREAS,
the Stockholders and the Company are parties to that certain Share Purchase Agreement (the “Share Purchase Agreement”)
of even date herewith by and among the Stockholders, the Company and Wireless Telecommunications Group, Ltd, a private company
limited by shares incorporated in England and Wales with company registration number 10614152 whose registered office is
at C/O Bryan Cave, 88 Wood Street, London, United Kingdom, EC2V 7AJ (“Buyer), pursuant to which the Buyer
acquired Commagility Limited, a private limited company incorporated in England and Wales with registration number 05914025 and
whose registered office is located at Charnwood Building, Holywell Park, Ashby Road, Loughborough, Leicestershire LE11 3AQ for
a combination of cash and shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”).

 

WHEREAS,
as consideration under the Share Purchase Agreement, the Stockholders will be issued an aggregate of 3,487,529 shares of Common
Stock (in individual amounts set forth on Schedule A hereto) at the closing of the Share Purchase Agreement (the “Shares”)
(subject always to the warranties and confirmations to be given by the Stockholders in relation thereto and the execution of this
Lock Up Agreement and Clawback Escrow Agreement (as defined in the Share Purchase Agreement) by each of the Stockholders), of
which 2,092,516 Shares shall be subject to the terms of the Clawback Escrow Agreement (the “Escrow Shares”)
and the remainder will not be subject to the terms of that agreement (the “Non-escrow Shares”).

 

WHEREAS,
as a condition of the Company’s and the Buyer’s entry into the Share Purchase Agreement, the parties agreed to restrict
the sale, assignment, transfer, encumbrance or other disposition of the Shares by each Stockholder as hereinafter provided.

 

NOW THEREFORE,
in consideration of the premises and of the terms and conditions contained herein and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

		1.	LOCK UP OF SHARES; PERMITTED LEAK OUTS.

 

(a)     Subject
to clauses 1(b) and 1(e) below, each of the Stockholders hereby agrees that, without the prior written consent of the Company
and except as set forth below, he or she, as applicable, will not during the period commencing on the Effective Date and ending
on the date which is 30 calendar months following the Effective Date (the “Lock Up Period”) (i) offer,
pledge, gift, donate, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, such Shares
as remain subject to the Lock Up from time to time (“Lock Up Shares”), or (ii) enter into any swap,
option (including, without limitation, put or call options), short sale, future, forward or other arrangement that transfers to

    	 

    	

    

another, in whole or in part, any
of the economic consequences of ownership of the Lock Up Shares, whether any such transaction is to be settled by delivery of
shares of the Company’s Common Stock or such other securities, in cash or otherwise ((i) and (ii) being hereinafter collectively
referred to as the “Lock Up”);

 

(b)     On
the date which is six (6) months following the Effective Date, and every six (6) months thereafter, until the expiration of the
Lock-Up Period, 697,505 Shares shall be irrevocably and unconditionally released from the Lock Up, pro-rata with respect to each
Stockholder, and shall thereby cease to be Locked Up Shares. It is agreed by the parties that the Non-escrow Shares shall be released
from the Lock Up pursuant to this clause 1(b) in priority to the Escrow Shares;

 

(c)     The
Stockholder hereby authorizes the Company during the relevant Lock Up Period to cause any transfer agent for his or her respective
Lock Up Shares (as set forth on Schedule A hereto, as reduced from time to time in accordance with clause 1(b)) to decline
to transfer, and to note stop transfer restrictions on the stock register and other records relating to such Lock Up Shares for
which the Stockholder is the record holder and, in the case of Lock Up Shares subject to this Agreement for which the Stockholder
is the beneficial but not the record holder, agrees during the relevant Lock Up Period applicable to those Lock Up Shares to cause
the record holder to cause the relevant transfer agent to decline to transfer, and to note stop transfer restrictions on the stock
register and other records relating to the Lock Up Shares, if such transfer would constitute a violation or breach of this Agreement;

 

(d)     Notwithstanding
the foregoing, upon the prior written consent of the Company, the Stockholder may transfer (the “Permitted Transfer”)
Lock Up Shares as a bona fide gift, by will or intestacy or to a family member or trust for the benefit of the Stockholder or
a family member; provided that each transferee, donee or distributee of the Lock Up Shares shall sign and deliver to the
Company a lock-up letter substantially in the form of this letter contemporaneously with such transaction; and

 

(e)     The
Lock Up shall not apply (i) to transfers of all Shares held by the Stockholder in relation to an acceptance of a bona fide offer
for the entire issued share capital of the Company (excluding any stock or shares already held by the offeror) by any person (a
“Third Party Offer”) which is not an offer which is not approved by the board of directors of the Company
and has been induced directly or indirectly by the Stockholder or any of the Stockholder’s affiliates; (ii) upon an intervening
court order; (iii) to the transfer or disposal of Shares pursuant to a compromise or arrangement between the Company and its creditors
or any class of them or between the Company and its members or any class of them which is agreed to by the creditors or members
and sanctioned by the court; (iv) to the transfer of Shares pursuant to any offer by the Company to purchase its own shares; or
(v) to any disposal required by any legal or regulatory requirement.

 

		2.	RELEASES.

 

(a)     The
Lock Up shall automatically terminate if a Change of Control should occur during the Lock Up Period. For the purposes of this
Agreement, “Change of Control” shall

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mean any one of the following: (i)
the consummation of a merger or consolidation of the Company with or into another any individual, corporation, partnership, limited
liability company, firm, joint venture, association, joint-stock company, trust, unincorporated organization or other entity (collectively,
a “Person”) (except a merger or consolidation in which the holders of capital stock of the Company immediately
prior to such merger or consolidation collectively continue to hold at least 50% of the earning power, voting power or capital
stock of the surviving Person); (ii) the issuance, transfer, sale or disposition to another Person of the voting power or capital
stock of the Company, if after such issuance, sale, transfer or disposition such Person would hold more than 50% of the voting
power or capital stock of the Company; (iii) if the Persons who, on the date of this Agreement, constitute a majority of the board
of directors of the Company or Persons nominated and/or appointed as directors by vote of a majority of such Persons, shall for
any reason cease to constitute a majority of the Company’s board of directors; (iv) a sale, transfer or disposition of all
or substantially all of the assets or earning power of Company; (iv) an order made for,
or the adoption by the board of directors of the Company of a plan of the dissolution, liquidation or winding up of the
affairs of the Company; or (v) the Company is adjudged bankrupt or declares bankruptcy or
makes an assignment for the benefit of creditors, or makes a proposal or similar action under the bankruptcy, insolvency or other
similar laws of New Jersey or any applicable jurisdiction or commences or consents to proceedings relating to it under any reorganization,
dissolution or liquidation law or statute of any jurisdiction.

 

(b)     At
any time during the Lock Up Period, in the sole discretion of the Company’s board of directors, the Company may elect to
release some or all of the Lock Up Shares from the Lock Up in such amounts as it may determine.

 

3.       TRANSFER;
SUCCESSOR AND ASSIGNS. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the
respective successors and assigns of the parties. As provided above, any Permitted Transfer shall require the transferee to execute
a lock up agreement in accordance with the same terms (including as to the release and/or termination of the Lock Up) set forth
herein, provided that in respect of a Permitted Transfer of some (but not all) of the Lock Up Shares the Stockholder may (at his
sole discretion) elect on which of the dates specified in clause 1(b) the Shares which are subject to the Permitted Transfer shall
be released from the Lock Up pursuant to clause 1(b). Nothing in this Agreement, express or implied, is intended to confer upon
any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities
under or by reason of this Agreement, except as expressly provided in this Agreement.

 

		4.	LEGENDS.

 

(a)      The
Stockholder hereby agrees that each outstanding certificate representing the Lock Up Shares shall for such time as those Shares
are subject to the Lock Up, in addition to any other legends as may be required in compliance with Federal securities laws, bear
a legend reading substantially as follows:

 

THE SALE OR TRANSFER OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A LOCK UP

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AGREEMENT DATED FEBRUARY __, 2017,
BETWEEN THE ISSUER AND THE STOCKHOLDER LISTED ON THE FACE HEREOF. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE
OF THE ISSUER AND WILL BE PROVIDED TO THE HOLDER HEREOF UPON REQUEST. NO TRANSFER OF SUCH SECURITIES WILL BE MADE ON THE BOOKS
OF THE ISSUER UNLESS ACCOMPANIED BY EVIDENCE OF COMPLIANCE WITH THE TERMS OF SUCH LOCK UP AGREEMENT.

 

(b)     Upon
the release or termination of the Lock Up in respect of any Lock Up Shares, and subject to the Stockholder returning to the Company
any existing certificates representing those Shares, the Stockholder shall be entitled, and the Company shall provide a replacement
certificate which does not bear the legend referred to at clause 4(a) above.

 

(c)     A
copy of this Agreement shall be filed with the corporate secretary of the Company, shall be kept with the records of the Company
and shall be made available for inspection by any stockholder of the Company. In addition, a copy of this Agreement shall be filed
with the Company’s transfer agent of record.

 

5.       NO
OTHER RIGHTS. The Stockholder understands and agrees that the Company is under no obligation pursuant to this Agreement
to register the sale, transfer or other disposition of the Shares under the Securities Act of 1933, as amended, or to take any
other action necessary in order to make compliance with an exemption from such registration available.

 

6.       SPECIFIC
PERFORMANCE. The Stockholder acknowledges that there would be no adequate remedy at law if the Stockholder fails to perform
any of its obligations hereunder, and accordingly agrees that the Company, in addition to any other remedy to which it may be
entitled at law or in equity, shall be entitled to compel specific performance of the obligations of the Stockholder under this
Agreement in accordance with the terms and conditions of this Agreement. Any remedy under this Section 6 is subject to certain
equitable defenses and to the discretion of the court before which any proceedings therefor may be brought.

 

7.       NOTICES.
All notices, statements, instructions or other documents required to be given hereunder shall be in writing and shall be given
either personally or by mailing the same in a sealed envelope, first-class mail, postage prepaid and either certified or registered,
return receipt requested, or by telecopy, and shall be addressed to the Company at its principal offices and to the Stockholder
at the address last appearing on the books and records of the Company.

 

8.       RECAPITALIZATIONS
AND EXCHANGES AFFECTING SHARES. Except as otherwise provided herein, the provisions of this Agreement shall apply, to
the full extent set forth herein with respect to the Lock Up Shares, to any and all shares of capital stock or equity securities
of the Company which may be issued by reason of any stock dividend, stock split, reverse stock split, combination, recapitalization,
reclassification or otherwise and which are derived from or attributable to Lock Up Shares from time to time, but not to any shares
of capital stock or equity securities of the Company which are derived from Shares which have been released from the Lock Up.

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9.       GOVERNING
LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey. Any suit,
action or proceeding with respect to this Agreement shall be brought in the state or federal courts located in Morris County in
the State of New Jersey. The parties hereto hereby accept the exclusive jurisdiction and venue of those courts for the purpose
of any such suit, action or proceeding. The parties hereto hereby irrevocably waive, to the fullest extent permitted by law, any
objection that any of them may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Agreement or any judgment entered by any court in respect thereof brought in Morris County, New Jersey, and hereby
further irrevocably waive any claim that any suit, action or proceeding brought in Morris County, New Jersey has been brought
in an inconvenient form.

 

10.     COUNTERPARTS.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

11.     ATTORNEYS’
FEES. If any action at law or in equity (including arbitration) is necessary to enforce or interpret the terms of this
Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition
to any other relief to which such party may be entitled as determined by such court, equity or arbitration proceeding.

 

12.     AMENDMENTS
AND WAIVERS. Any term of this Agreement may be amended with the written consent of the Company and the Stockholder. No
delay or failure on the part of the Company in exercising any power or right under this Agreement shall operate as a waiver of
any power or right.

 

13.     SEVERABILITY.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, portions of such provisions, or
such provisions in their entirety, to the extent necessary, shall be severed from this Agreement and the balance of the Agreement
shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms.

 

14.     CONSTRUCTION.
This Agreement has been entered into freely by each of the parties, following consultation with their respective counsel, and
shall be interpreted fairly in accordance with its respective terms, without any construction in favor of or against either party.

 

15.     ENTIRE
AGREEMENT. This Agreement and the documents referred to herein constitute the entire agreement between the parties hereto
pertaining to the subject matter hereof, and any and all other written or oral agreements existing between the parties hereto
are expressly canceled.

 

[signature page
follows]

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IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date first above written.

 

	 	COMPANY:
	 	 
	 	WIRELESS TELECOM GROUP, INC.
	 	 
	 	By:	/s/ Timothy Whelan	 
	 	 	Name: Timothy Whelan	 
	 	 	Title: Chief Executive Officer	 
	 	 	 	 

	 	STOCKHOLDERS:	 
		 	 
	 	/s/ Paul Moakes	 
	 	 Name: Paul Moakes	 
	 	 	 
	 	/s/ Edward de Salis Young	 
	 	 Name: Edward de Salis Young	 
	 	 	 
	 	/s/ Martin Hollingshead	 
	 	 Name: Martin Hollingshead	 
	 	 	 
	 	/s/ Edward de Salis Young	 
	 	 Name: Simon Pack by his attorney Edward de Salis Young under

 a Power of Attorney dated 15 February 2017

 

[Signature Page to Lock Up Agreement]

    	 

    	

    

Schedule A

 

Shares Issued to Stockholders

 

	Name	Number of Shares	Percentage
	Paul Moakes  	871,882	25%  
	Simon Pack  	871,882	25%
	Edward de Salis Young	871,882	25%  
	Martin Hollingshead  	871,882	25%

    	7Exhibit 10.4

 

VOTING AGREEMENT

 

VOTING AGREEMENT, dated
as of February 17, 2017 (this “Agreement”), by and among Wireless Telecom Group, Inc., a New Jersey
corporation (the “Company”), and the Persons named on Schedule 1 hereto (each a “Shareholder”
and collectively, the “Shareholders”).

 

W I T N E S S E T H:

 

WHEREAS, the Shareholders
and the Company are parties to that certain Share Purchase Agreement (the “Share Purchase Agreement”)
of even date herewith by and among the Shareholders, the Company and Wireless Telecommunications Group, Ltd, a private company
limited by shares incorporated in England and Wales with company registration number 10614152 whose registered office is at C/O
Bryan Cave, 88 Wood Street, London, United Kingdom, EC2V 7AJ (the “Buyer”), pursuant to which the Buyer
acquired Commagility Limited, a private limited company incorporated in England and Wales with registration number 05914025 and
whose registered office is located at Charnwood Building, Holywell Park, Ashby Road, Loughborough, Leicestershire LE11 3AQ for
a combination of cash and shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”).

 

WHEREAS, as consideration
under the Share Purchase Agreement, the Shareholders were issued an aggregate of 3,487,529 shares of Common Stock (in the individual
amounts set forth on Schedule 1 hereto) at the closing of the Share Purchase Agreement (subject to Section 5.1 hereof,
the “Covered Shares”) (subject always to the warranties and confirmations to be given by the Shareholders
in relation thereto and the execution of the Lock Up Agreement and Clawback Escrow Agreement (as defined in the Share Purchase
Agreement) by each of the Shareholders).

 

WHEREAS, as of the
date hereof, each of the Shareholders is the legal and Beneficial Owner (and holds sole beneficial voting power) of such Shareholder’s
Covered Shares;

 

WHEREAS, in consideration
for the Company agreeing to enter into a registration rights agreement with the Shareholders, the Company has required that each
Shareholder agree, and each Shareholder has agreed, to enter into this Agreement and abide by the covenants and obligations with
respect to such Shareholder’s Covered Shares; and

 

WHEREAS, the Board
of Directors of the Company (the “Board”) has approved the Share Purchase Agreement and the transactions
contemplated thereby, and has approved the execution and delivery of this Agreement in connection therewith.

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual representations, warranties, covenants and agreements herein contained, and intending
to be legally bound hereby, the parties hereto agree as follows:

    	 

    	

    

article
I

GENERAL

 

1.1       Defined
Terms. The following capitalized terms, as used in this Agreement, shall have the meanings set forth below. Capitalized and
other defined terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Share Purchase Agreement.

 

“Affiliate”
means, with respect to any Person, any other Person that is, directly or indirectly, controlling, controlled by or under common
control with, such Person; provided that the Company shall not be deemed an Affiliate of any Shareholder.

 

“Beneficial
Ownership” means, ownership of a security by a person who, directly or indirectly, through any contract, arrangement,
understanding, relationship or otherwise has or shares: (a) voting power which includes the power to vote, or direct others to
vote, such security, and/or (b) investment power which includes the power to dispose of, or direct the disposition of, such security.
The terms “Beneficially Own”, “Beneficially Owned” and “Beneficial
Owner” shall each have a correlative meaning.

 

“control”
(including, with its correlative meanings, “controlled by” and “under common control with”)
means the possession, directly or indirectly, of power to direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract or otherwise.

 

“Expiration
Date” means the date on which this Agreement shall terminate in accordance with its terms.

 

“Person”
means any individual, corporation, limited liability company, limited or general partnership, joint venture, association, joint-stock
company, trust, unincorporated organization or Governmental Authority.

 

article
II

VOTING

 

2.1       Agreement
to Vote. Each Shareholder hereby irrevocably and unconditionally agrees that during the term of this Agreement, at any meeting
of the shareholders of the Company, however called, including any adjournment or postponement thereof, and in connection with
any action proposed to be taken by written consent of the shareholders of the Company, such Shareholder shall, in each case to
the fullest extent that the Covered Shares of such Shareholder are entitled to count as present, vote thereon or consent thereto:

 

(a)       appear
at each such meeting or otherwise cause such Shareholder’s Covered Shares to be counted as present thereat for purposes
of calculating a quorum; and

 

(b)       vote
(or cause to be voted), in person or by proxy, or deliver (or cause to be delivered) a written consent (if then permitted under
the Company governing documents) (which vote shall be cast or consent shall be given in accordance with such

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procedures relating thereto as shall ensure
that it is duly counted for purposes of determining that a quorum is present and for purposes of recording the results of such
vote or consent) covering, all of such Shareholder’s Covered Shares (a) in favor of any proposal presented to the shareholders
with a Board’s recommendation to vote in favor of such proposal, (b) against any proposal presented to the shareholders
with a Board’s recommendation to vote against such proposal, and (c) in favor of any proposal presented to the shareholders
with respect to an action of the Company, which the Board has approved, but as to which the Board has not made any recommendation,
including, without limiting any of the foregoing obligations, in favor of any proposal to adjourn or postpone any meeting of the
Company’s shareholders at which any of the foregoing matters requiring Shareholders’ approval are submitted for consideration
and vote of the Company’s shareholders to a later date if there are not sufficient votes for approval of such matters on
the date on which the meeting is held to vote upon any of the foregoing matters requiring Shareholders’ approval.

 

2.2       No
Inconsistent Agreements. Each Shareholder hereby covenants and agrees that, except for this Agreement, such Shareholder (a)
has not entered into, and shall not enter into at any time while this Agreement remains in effect, any voting agreement or voting
trust or any other voting arrangement with respect to the Covered Shares of such Shareholder, (b) has not granted, and shall not
grant at any time while this Agreement remains in effect, a proxy (except pursuant to Section 2.3), consent or power of attorney
with respect to the Covered Shares of such Shareholder that is inconsistent with, or that would have any adverse effect on its
ability to meet, its obligations hereunder and (c) has not taken and shall not take any action that would make any representation
or warranty of such Shareholder contained herein untrue or incorrect as of any time when this Agreement remains in effect or have
the effect of preventing or disabling such Shareholder from performing any of its obligations under this Agreement. Each Shareholder
hereby confirms that that he has given no proxies, powers of attorney, instructions or other requests prior to the execution of
this Agreement in respect of the voting of such Shareholder’s Covered Shares.

 

2.3       Proxy.
Each Shareholder hereby irrevocably appoints as his proxy and attorney-in-fact, Michael Kandell, the Chief Financial Officer of
the Company, and Timothy Whelan, the Chief Executive Officer of the Company, and any individual who shall hereafter succeed any
such persons, each of them individually, with full power of substitution and resubstitution, to cause all of the Covered Shares
that the Shareholder would be entitled to vote if personally present to be counted as present at any shareholder meeting called
to consider any matter of the Company, and to vote or execute written consents with respect to the Covered Shares of such Shareholder
in accordance with Section 2.1 prior to the Expiration Date at any annual or special meetings of shareholders of the Company (or
adjournments thereof) at which any of the matters described in Section 2.1 is to be considered; provided, however, that such Shareholder’s
grant of the proxy contemplated by this Section 2.3 shall be effective if, and only if, such Shareholder has not delivered to
the Secretary of the Company at least ten (10) Business Days prior to the meeting at which any of the matters described in Section
2.1 is to be considered a duly executed proxy card previously approved by the Company, and that may only be revoked as of the
Expiration Date, directing that the Covered Shares of such Shareholder be voted in accordance with Section 2.1. This proxy, if
it becomes effective, is coupled with an interest, and shall be irrevocable prior to the Expiration Date, at which time any such
proxy shall terminate. Each Shareholder (solely in its capacity as such) shall take such further action or execute such other

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instruments as may be necessary to effectuate
the intent of this proxy. The Company may terminate this proxy with respect to such Shareholder at any time at its sole election
by written notice provided to such Shareholder.

 

article
III

 

REPRESENTATIONS
AND WARRANTIES

 

3.1       Representations
and Warranties of Each Shareholder. Each Shareholder (severally and not jointly) hereby represents and warrants to the Company
that this Agreement has been duly executed and delivered by such Shareholder and, assuming this Agreement constitutes a valid
and binding obligation of the Company, this Agreement constitutes a legal, valid and binding obligation of such Shareholder, enforceable
against such Shareholder in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, moratorium, reorganization
or similar laws affecting the rights of creditors generally and the availability of equitable remedies (regardless of whether
such enforceability is considered in a proceeding in equity or at law).

 

3.2       Representations
and Warranties of the Company. The Company hereby represents and warrants to each Shareholder that the Company has the requisite
capacity and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions
contemplated hereby. This Agreement has been duly executed and delivered by the Company, constitutes a legal, valid and binding
agreement of the Company, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance,
moratorium, reorganization or similar laws affecting the rights of creditors generally and the availability of equitable remedies
(regardless of whether such enforceability is considered in a proceeding in equity or at law).

 

article
IV

 

OTHER COVENANTS

 

4.1       Stock
Dividends, etc. In the event of a stock split, stock dividend or distribution, or any change in the Company Common Stock by
reason of any split-up, reverse stock split, recapitalization, combination, reclassification, reincorporation, exchange of shares
or the like, the term “Covered Shares” shall be deemed to refer to and include such shares as well as all such stock
dividends and distributions and any securities into which or for which any or all of such shares are changed or exchanged or which
are received in such transaction.

 

4.2       Further
Assurances. From time to time until the Expiration Date, at the Company’s reasonable request and expense, but without
further consideration, each Shareholder agrees to cooperate with the Company in making all filings and obtaining all consents
of any Governmental Authority and third parties and to execute and deliver such additional documents and take or cause to be taken
all such further actions as may be necessary or desirable to effect the actions contemplated by this Agreement. Without limiting
the foregoing, each Shareholder hereby authorizes the Company to publish and disclose in any announcement or disclosure required
by the SEC and in a proxy statement such Shareholder’s identity and ownership of such

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Shareholder’s Covered Shares and the
nature of such Shareholder’s obligations under this Agreement.

 

article
V

 

MISCELLANEOUS

 

5.1       Termination.
This Agreement shall terminate and be of no further force or effect upon the termination of the Lock Up Agreement in accordance
with its terms. Notwithstanding anything to the contrary contained herein, at any time, the Covered Shares shall include only
such shares of Common Stock that remain subject to the Lock Up (as defined in the Lock Up Agreement) pursuant to the terms of
the Lock Up Agreement, including any Beneficially Owned Covered Shares. Notwithstanding the foregoing, the provisions of this
Article V shall survive any termination of this Agreement without regard to any temporal limitation. Neither the provisions
of this Section 5.1 nor the termination of this Agreement shall relieve any party hereto from any liability of such party to any
other party incurred prior to such termination or expiration with respect to a breach of this Agreement. Nothing in the Share
Purchase Agreement shall relieve any Shareholder from any liability arising out of or in connection with a breach of this Agreement.

 

5.2       No
Ownership Interest. Each Shareholder has agreed to enter into this Agreement and act in the manner specified in this Agreement
for consideration. Nothing contained in this Agreement shall be deemed to vest in the Company any direct or indirect ownership
or incidence of ownership of or with respect to such Shareholder’s Covered Shares. All rights and all ownership and economic
benefits of and relating to a Shareholder’s Covered Shares shall remain vested in and belong to such Shareholder. Without
limiting the generality of the previous sentence, each Shareholder shall be entitled to receive any cash dividend paid by the
Company with respect to such Shareholder’s Covered Shares during the term of this Agreement. Nothing in this Agreement shall
be interpreted as (i) obligating any Shareholder to exercise or convert any warrants, options or convertible securities or otherwise
to acquire Company Common Stock or (ii) creating or forming a “group” with any other Person, including the Company,
for purposes of Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended, or any other similar provision of applicable
law.

 

5.3       Notices.
Any notices or other communications required or permitted hereunder will be deemed to have been properly given and delivered if
in writing by such party or its legal representative and delivered personally or sent by facsimile, courier service recognized
in United States and guaranteeing delivery within 3 Business Days, or registered or certified mail, postage prepaid, addressed
as follows:

 

If to the Company:

 

Wireless Telecom
Group Inc.

25 Eastmans Road

Parsippany, New Jersey 07054

Attn: Michael Kandell, CFO

Telephone: 973-386-9696 x4107

    	5

    	

    

Facsimile: 973-386-9191

 

with a copy to:

 

Bryan Cave LLP

1290 Avenue of the Americas

New York, New York 10104

Attn: Tara B. Newell, Esq.

Telephone: 212-541-2084

Facsimile: 212-261-9884

 

If to a Shareholder, to the applicable address set forth on
Schedule 1;

 

with a copy to:

 

Edward de Salis Young

 

and

 

Paul Moakes,

 

to the extent that a separate copy is not required to be sent
to a Shareholder where the notice or communication is delivered to such Shareholder.

Unless otherwise specified herein, such notices or other communications
will be deemed given (i) on the date delivered, if delivered personally, (ii) one (1) Business Day after being sent by an overnight
courier recognized in the United States and guaranteeing overnight delivery, (iii) one (1) Business Day after being delivered
by facsimile and (iv) five (5) Business Days after being sent, if sent by registered or certified mail. Each of the parties hereto
will be entitled to specify a different address by delivering notice as aforesaid to each of the other parties hereto.

 

5.4       Interpretation;
Definitions. The language used in this Agreement shall be deemed to be the language chosen by the parties to express their
mutual intent, and no rule of strict construction shall be applied against any party. Except where expressly stated otherwise
in this Agreement, the following rules of interpretation apply: (a) “either” and “or” are not exclusive
and “include,” “includes” and “including” are not limiting and shall be deemed to be followed
by the words “without limitation;” (b) “hereof,” “hereto,” “hereby,” “herein”
and “hereunder” and words of similar import refer to this Agreement as a whole, and not to any particular provision;
(c) “date hereof” refers to the date set forth in the initial caption of this Agreement; (d) “extent”
in the phrase “to the extent” means the degree to which a subject or other thing extends, and such phrase does not
mean simply “if;” (e) descriptive headings, the table of defined terms and the table of contents are inserted for
convenience only and do not affect in any way the meaning or interpretation hereof; (f) definitions are applicable to the singular
as well as the plural forms of such terms; (g) pronouns shall include the corresponding masculine, feminine or neuter forms; (h)
references to a Person are also to such Person’s permitted successors and permitted assigns; and (i) references to an “Article,”
or “Section,” or “Schedule” refer to an Article or Section of or Schedule to this Agreement. No summary
of this Agreement prepared by any party shall affect the meaning or interpretation of this Agreement. This Agreement is the product
of negotiation

    	6

    	

    

by the parties having the assistance of counsel
and other advisers. In the event that an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue
of the authorship of any provision of this Agreement.

 

5.5       Counterparts.
This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement and shall become effective
when counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties
need not sign the same counterpart. This Agreement may be executed and delivered by facsimile or “PDF” transmission.

 

5.6       Entire
Agreement. This Agreement together with the several agreements and other documents and instruments referred to herein or therein
or attached hereto or thereto, embody the complete agreement and understanding among the parties hereto with respect to the subject
matter hereof and supersede and preempt any prior understandings, agreements or representations by or among the parties, written
and oral, that may have related to the subject matter hereof in any way.

 

5.7       Governing
Law; Consent to Jurisdiction; WAIVER OF JURY TRIAL.

 

(a)       This
Agreement and any claims related to the subject matter hereof will be governed by and construed in accordance with laws of the
State of New Jersey, United States of America, without giving effect to any choice or conflict of law provision or rule that would
result in the application of the laws of any other jurisdiction. Each party to this Agreement, by its execution hereof, (i) hereby
irrevocably submits to the non-exclusive jurisdiction of any state court in the State of New Jersey, United States of America,
or any Federal court located in the State of New Jersey, United States of America, for the purpose of any action, claim, cause
of action or suit (in contract, tort or otherwise), inquiry proceeding or investigation arising out of or based upon this Agreement
or relating to the subject matter hereof, and (ii) hereby waives, to the extent not prohibited by applicable Law, and agrees not
to assert by way of motion, as a defense or otherwise, in any such action, any claim that it is not subject personally to the
jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that any such proceeding
brought in one of the above-named courts is improper, or that this Agreement, or the subject matter of such agreements may not
be enforced in or by such court. Each party hereby consents to service of process in any such proceeding in any manner permitted
by New Jersey law, and agrees that service of process by registered or certified mail, return receipt requested, at its address
specified pursuant to Section 5.3 is reasonably calculated to give actual notice.

 

(b)       TO
THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES HERETO HEREBY WAIVES, AND AGREES TO CAUSE
EACH OF ITS SUBSIDIARIES TO WAIVE, AND COVENANTS THAT NEITHER IT NOR ANY OF ITS SUBSIDIARIES WILL ASSERT (WHETHER AS PLAINTIFF,
DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, ACTION, CLAIM, CAUSE OF ACTION, SUIT
(IN CONTRACT, TORT OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT
MATTER

    	7

    	

    

OF SUCH AGREEMENT OR
IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING. EACH SHAREHOLDER ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE COMPANY THAT THIS SECTION 5.7 CONSTITUTES
A MATERIAL INDUCEMENT UPON WHICH THE COMPANY IS RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT. ANY PARTY HERETO MAY FILE
AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 5.7 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO
THE WAIVER OF ITS RIGHT TO TRIAL BY JURY.

 

5.8       Amendment;
Waiver. This Agreement may not be amended except by an instrument in writing signed by the Company and each Shareholder. Each
party may waive any right of such party hereunder by an instrument in writing signed by such party and delivered to the other
parties.

 

5.9       Remedies.
The parties hereto agree that (i) irreparable damage would occur in the event that any of the provisions of this Agreement were
not performed in accordance with their specific terms hereof or were otherwise breached, and (ii) the parties will be entitled
to specific performance of the terms hereof in addition to any other remedy to which such party is entitled at law or in equity.
Accordingly, (i) the Company shall be entitled to an injunction or injunctions and temporary restraining orders, without the posting
of any bond, to prevent breaches of this Agreement by any Shareholder and to enforce specifically the terms and provisions of
this Agreement and (ii) each Shareholder shall be entitled to an injunction or injunctions and temporary restraining orders, without
the posting of any bond, to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement.
For the avoidance of doubt, any party hereto may contemporaneously commence an action for specific performance and seek any other
form of remedy at law or in equity that may be available for breach under this Agreement or otherwise in connection with this
Agreement or the transactions contemplated hereby (including monetary damages). The obligations of each Shareholder hereunder
shall be several and not joint, and no Shareholder shall be liable for any breach of the terms of this Agreement by any other
Shareholder.

 

5.10       Severability.
Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending
term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction
declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination
shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable
term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of
the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. In the event such court
does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable
term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the economic, business
and other purposes of such invalid or unenforceable term.

    	8

    	

    

5.11       Successors
and Assigns; Third Party Beneficiaries. Except in connection with a Permitted Transfer (as such term is defined in the Lock Up
Agreement), neither this Agreement nor any of the rights or obligations of any party under this Agreement shall be assigned, in
whole or in part (by operation of law or otherwise), by any party without the prior written consent of the other parties hereto
except that the Company may assign, in its sole discretion, any or all of its rights, interest and obligations under this Agreement
to any direct or indirect wholly owned Subsidiary of the Company. Subject to the foregoing, this Agreement shall bind and inure
to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. Nothing in this
Agreement, express or implied, is intended to confer on any Person other than the parties hereto or their respective successors
and permitted assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement.

 

5.12       Action
by Shareholder Capacity Only. The obligations of the Shareholders hereunder are several, and not joint or joint and several.
The Company acknowledges that each Shareholder has entered into this Agreement solely in its capacity as the record and/or beneficial
owner of such Shareholder’s Covered Shares (and not in any other capacity, including without limitation, any capacity as
a director or officer of the Company). Nothing herein shall (a) limit or affect any actions taken by such Shareholder or its Affiliates
or designees, or require such Shareholder or its Affiliates or designees to take any action, in each case, in its or his capacity
as a director or officer of the Company (including exercising rights of the Company or the Company Board under the Share Purchase
Agreement), and any actions taken, or failure to take any actions, by it or him in such capacity as a director or officer of the
Company shall not be deemed to constitute a breach of this Agreement or (b) be construed to prohibit, limit or restrict Shareholder
from exercising Shareholder’s fiduciary duties as an officer or director to the Company or its shareholders.

 

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    	9

    	

    

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be signed (where applicable, by their respective officers or other authorized
Person thereunto duly authorized) as of the date first written above.

 

	 	ThE
    COMPANY:
	 	 
	 	WIRELESS TELECOM GROUP, INC.
	 	 	 	 
	 	 	By:	/s/ Timothy Whelan
	 	 	 	Name: Timothy Whelan
	 	 	 	Title: Chief Executive Officer

 

(Signature Page to Voting Agreement) 

    	 

    	

    

SHAREHOLDERS:

 

	/s/ Paul Moakes	 
	 Name: Paul Moakes	 
	 	 
	/s/ Edward de Salis Young	 
	 Name: Edward de Salis Young	 
	 	 
	/s/ Martin Hollingshead	 
	 Name: Martin Hollingshead	 
	 	 
	/s/ Edward de Salis Young	 
	Name: Simon Pack by his attorney	 
	Edward de Salis Young under
    a	 
	Power of Attorney dated 15	 
	February 2017	 

 

(Signature Page to Voting Agreement) 

    	 

    	

    

SCHEDULE 1

 

OWNERSHIP OF COVERED
SHARES

 

	Name	Address	Number
    of

Covered Shares	Percentage
	Paul Moakes	The
    Orchards

    7 West Leake Road

    East Leake

    Loughborough

    LE12 6LJ	871,882	25%
	Simon Pack	245A
    Beacon Road

    Loughborough

    LE11 2QZ	871,882	25%
	Edward de Salis Young	9
    Victoria Road

    Woodhouse Eaves

    Loughborough

    LE12 8RF	871,882	25%
	Martin Hollingshead	The
    Apple House

    35 Main Street

    Frisby on the Wreake

    Melton Mowbray

    Leicestershire

    LE14 2NJ	871,882	25%

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