Document:

Exhibit
10.32

 

Execution
Version

 

SECOND
AMENDMENT TO CREDIT AGREEMENT AND LIMITED WAIVER

 

 

 

This
SECOND AMENDMENT TO CREDIT AGREEMENT AND LIMITED WAIVER (this “Amendment”), dated as of February 25,
2021, is made by and between Wireless Telecom Group, Inc., a New Jersey corporation (the “Borrower”),
the Borrower’s subsidiaries set forth on the signature page hereto (the “Guarantors”) and Muzinich
BDC, Inc. (the “Lender”). Capitalized terms used but not defined herein shall have the meanings assigned
to such terms in the Loan Agreement (defined below).

 

WHEREAS,
the Borrower, the Guarantors and the Lender are parties to that certain Credit Agreement dated as of February 7, 2020 (as amended,
restated, or otherwise modified from time to time, the “Loan Agreement”);

 

WHEREAS,
the Borrower has requested that certain amendments be made to the Loan Agreement; and

 

WHEREAS,
the Lender has agreed to such amendments on the terms and conditions set forth herein.

 

NOW
THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto
agree to amend the Loan Agreement as follows:

 

	1.	Amendments
    to the Loan Agreement.

 

	 	(a)	Section
    1.01 of the Loan Agreement is hereby amended by deleting the definition of Applicable Rate in its entirety and replacing it
    with the following:

 

“Applicable
Rate” means, with respect to any Interest Period, the applicable per annum rate of interest set forth in the table
below which corresponds to the Consolidated EBITDA of the Borrower and its Subsidiaries for such Interest Period, less the amount
of the UK R&D Tax Credit added back to Consolidated EBITDA for such Interest Period; provided, however, the Applicable Rate
for the Interest Period commencing on January 1, 2021 shall be the highest Applicable Rate set forth below:

 

	Consolidated EBITDA, less
 UK R&D Tax Credit
	 	Applicable Rate	 
	≤ $4,000,000	 	 	9.25	%
	> $4,000,000, but ≤ $6,300,000	 	 	8.50	%
	> $6,300,000	 	 	7.25	%

 

	 	(b)	Section
    1.01 of the Loan Agreement is hereby amended by deleting the definition of Bronco Transaction Documents in its entirety and
    replacing it with the following:

 

“Bronco
Transaction Documents” means, collectively, (a) the Share Purchase Agreement dated as of November 13, 2019 among
Borrower, Holzworth Instrumentation Inc., Jason Breitbarth, Joe Koebel and Leyla Bly, and Jason Breitbarth as the designated representative
of the sellers, as amended by the First Amendment to Share Purchase Agreement dated as of January 31, 2020 and as further amended
by the Second Amendment to Share Purchase Agreement dated as of February 19, 2021 (as so amended, the “Bronco SPA”),
and (b) all other documents, agreements and instruments relating to the Bronco Transaction, in each case including all schedules
and exhibits thereto.

 

    	Page 1

     

    

 

	 	(c)	Section
    1.01 of the Loan Agreement is hereby amended by revising the definition of Consolidated EBITDA to insert the following as
    new clause (b)(xii) thereof and renumbering the existing clause (b)(xii) as (b)(xiii):

 

(xii)
the amount of the UK R&D Tax Credit actually earned during such period;

 

	 	(d)	Section
    1.01 of the Loan Agreement is hereby amended by deleting the definition of Consolidated Fixed Charges in its entirety and
    replacing it with the following:

 

“Consolidated
Fixed Charges” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal
to the sum of (a) the cash portion of Consolidated Interest Charges for such period plus (b) Consolidated Scheduled Funded
Debt Payments for such period plus (c) scheduled payments of principal on the Seller Notes for such period plus
(d) scheduled earnout payments for such period plus (e) scheduled payments of principal on the Deferred Purchase Price
2 Notes for such period.

 

	 	(e)	Section
    1.01 of the Loan Agreement is hereby amended by deleting the definition of Working Capital in its entirety and replacing it
    with the following:

 

“Working
Capital” means, with respect to the Borrower and its Subsidiaries, consolidated current assets (which shall exclude
cash or Cash Equivalents) minus consolidated current liabilities, in each case, determined in accordance with GAAP; provided,
however, that liabilities with respect to any loan permitted pursuant to Section 7.03(o) shall be, in all instances, considered
current liabilities for the purposes of determining Working Capital and Consolidated Excess Cash Flow.

 

	 	(f)	Section
    1.01 of the Loan Agreement is hereby amended by adding the following definitions in the correct alphabetical order:

 

“Deferred
Purchase Price 2 Notes” means the unsecured notes issued by the Borrower to the sellers party to the Bronco Transaction
Documents to evidence the Borrower’s obligation to pay “Deferred Purchase Price 2,” as such term is defined
in the Bronco SPA.

 

“UK
R&D Tax Credit” means the sum of (a) for any period, the accrued amount of any income tax refund which shall
be payable to CommAgility in respect of research and development expenses (as calculated in accordance with Her Majesty’s
Revenue and Customs guidelines) and (b) for any period which includes the three month period ended December 31, 2020, the amount
of any payments by Wireless Telecommunications Group, Ltd. to the sellers party to that certain Share Purchase Agreement dated
as of February 17, 2017 among the Sellers, Wireless Telecommunications Group, Ltd, and the Borrower in respect of any savings
by or repayments to CommAgility of Taxes by reason of CommAgility’s payment of the “Employee Loyalty Bonus”
in accordance with the terms of such Share Purchase Agreement (the “Bonus Tax Saving”). The Borrower
and the Lender hereby stipulate and agree that the Bonus Tax Saving shall be deemed to be $115,682.

 

	 	(g)	Section
    7.03(l) is hereby amended by deleting clause (l) thereof in its entirety and replacing it with the following:

 

(l)
the Borrower’s obligation to pay deferred purchase price payments pursuant to the Bronco Transaction Documents, including
principal and interest payments in respect of the Deferred Purchase Price 2 Notes (collectively, the “Bronco Deferred
Purchase Price Indebtedness”);

 

    	Page 2

     

    

 

	 	(h)	Section
    7.11(a) of the Loan Agreement is hereby amended by deleting the grid set forth therein in its entirety and replacing it with
    the following:

 

	Calendar
    Year	 	March
    31	 	June
    30	 	September
    30	 	December
    31
	2021	 	3.5
    to 1.0	 	3.5
    to 1.0	 	2.75
    to 1.0	 	2.25
    to 1.0
	Thereafter	 	2.0
    to 1.0	 	2.0
    to 1.0	 	2.0
    to 1.0	 	2.0
    to 1.0

 

2.
Amendments to Other Loan Documents. All
references in the Loan Documents to the Loan Agreement shall henceforth include references to such agreement as modified and amended
hereby, and as may, from time to time, be further amended, modified, extended, renewed, or increased. 

 

3.
Limited Waiver. Subject
to (a) the conditions precedent set forth in Section 4 hereof, (b) the other terms and conditions of this Amendment, and (c) the
condition that, on the due date for the Consolidated Excess Cash Flow payment to be made for the 2020 calendar year in accordance
with Section 2.03(b)(ii) of the Loan Agreement, the Borrower makes a payment of Consolidated Excess Cash Flow in an amount equal
to $428,000 (the “Required ECF Payment”), and so long as no other
Default or Event of Default exists, the Lender hereby waives the requirement that the Loan Parties comply with Sections 7.11(a)
and 7.11(b) of the Loan Agreement for the fiscal quarter ending December 31, 2020. The failure by the Borrower to make the Required
ECF Payment shall be an immediate Event of Default under the Loan Agreement. Neither this Amendment, nor any other actions taken
by, or any inaction on the part of the Lender shall be deemed to be a waiver of any Default or Event of Default which exists or
may exist hereafter (other than the limited waiver granted in this Section 3). Except as expressly waived herein, any past or
future delay or failure of the Lender in exercising its rights and remedies is not intended and shall not serve to (a) operate
as a waiver of any rights and remedies available to the Lender under the Loan Agreement or any other Loan Documents, or (b) indicate
an agreement on the part of the Lender to forbear from exercising its rights or remedies. In addition, nothing in this Amendment
or as a result of the Lender’s actions or inactions in connection herewith, shall be deemed to be a waiver of its continuing
right to insist upon strict compliance at all times with the Loan Agreement and the other Loan Documents. This Amendment does
not imply any obligation on the part of the Lender, and the Lender shall not be obligated, at any time, to grant any further amendments,
consents, or waivers with respect to the Loan Agreement or the other Loan Documents. Except as specifically set forth herein,
all of the terms and conditions of the Loan Agreement and the other Loan Documents are, and remain, in full force and effect in
accordance with their respective terms.

 

4.
Consent. Subject to (a) the conditions precedent set forth in Section 4 hereof, (b) the other terms and conditions of this
Amendment, and (c) the condition that, on the due date for the Consolidated Excess Cash Flow payment to be made for the 2020 calendar
year in accordance with Section 2.03(b)(ii) of the Loan Agreement, the Borrower makes the Required ECF Payment, and so long as
no other Default or Event of Default exists, the Lender hereby consents to the Borrower’s execution, delivery and performance
of the Second Amendment to Share Purchase Agreement dated as of February 19, 2021 among Borrower, Holzworth Instrumentation Inc.,
Jason Breitbarth, Joe Koebel and Leyla Bly to the extent such consent is required pursuant to Section 7.12(a) of the Loan Agreement.

 

    	Page 3

     

    

 

5.
Conditions Precedent. This Amendment shall be effective upon satisfaction of the following conditions
precedent.

 

 (a) The Lender shall have received duly executed counterparts of this Amendment.

 

(b)
After giving effect to this Amendment, no Default or Event of Default shall exist or would result from the execution of this
Amendment.

 

(c)
After giving effect to this Amendment, each of the representations and warranties made by the Loan Parties in or pursuant to the
Loan Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date hereof as
if made on and as of such date, except to the extent the same expressly relate to an earlier date, in which case they shall be
true and correct in all material respects as of such earlier date.

 

6.
Representations and Warranties. As of the date hereof, each of the Borrower and the Guarantors
hereby represents and follows:

 

(a)
Each of the Borrower and the Guarantors has the power and authority and the legal right, to execute, deliver and perform this
Amendment and has taken all necessary action to authorize the Loan Agreement as modified by this Amendment and to authorize the
execution, delivery and performance of the Loan Documents to which it is a party. The execution, delivery and performance of this
Amendment will not violate any applicable Laws or any Contractual Obligation of the Loan Parties.

 

(b)
Each of the Borrower and the Guarantors represents and warrants that each of the representations and warranties contained in Section
5 of the Loan Agreement are true and correct in all material respects on and as of the date hereof, except to the extent the same
expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier
date.

 

7.
Miscellaneous. Unless stated otherwise (a) the singular number includes the plural and vice
versa and words of any gender include each other gender, in each case, as appropriate, (b) headings and captions may not be construed
in interpreting provisions, (c) this Amendment shall be governed by, and construed in accordance with, the law of the State of
New York and subject, for all purposes, to Section 10.13 and 10.14 of the Loan Agreement, (d) if any part of this
Amendment is for any reason found to be unenforceable, all other portions of it nevertheless remain enforceable, and (e) this
Amendment may be executed in any number of counterparts with the same effect as if all signatories had signed the same document,
and all of those counterparts must be construed together to constitute the same document.

 

Each
of the Borrower and the Guarantors, by execution of a copy hereof, releases, discharges and acquits forever the Lender and its
officers, trustees, agents, employees and counsel (in each case, past, present or future) from any and all liabilities, claims,
defenses, demands, actions, causes of action, judgments, deficiencies, interest, liens, costs, or expenses (including, without
limitation, court costs, penalties, attorneys’ fees and disbursements and amounts paid in settlement) of any kind and character
whatsoever, including claims for usury, breach of contract, breach of commitment, negligent misrepresentation or failure to act
in good faith, in each case whether now known or unknown, suspected or unsuspected, asserted or unasserted or primary or contingent,
and whether arising out of written documents, underwritten undertakings, course of conduct, tort, violations of laws or regulations
or otherwise, with respect to this Amendment, the Loan Agreement or any other Loan Document and the transactions arising or contemplated
hereunder or thereunder, existing as of or arising on or prior to the date hereof.

 

8.
ENTIRETIES. THE LOAN AGREEMENT AS AMENDED BY THIS AMENDMENT REPRESENTS THE FINAL AGREEMENT BETWEEN
THE PARTIES ABOUT THE SUBJECT MATTER OF THE LOAN AGREEMENT AS AMENDED BY THIS AMENDMENT AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

9.
Parties. This Amendment shall be binding upon and inure to the benefit of the Lender and the
Loan Parties, and their respective successors and assigns, except that the Loan Parties may not assign or transfer any of their
respective rights or obligations hereunder without the prior written consent of the Lender.

 

10.
Loan Document. Each party hereto acknowledges and agrees that this Amendment shall be a Loan
Document.

 

[Signature
pages follow]

 

    	Page 4

     

    

 

IN
WITNESS WHEREOF, this Amendment has been duly executed and delivered by the parties as of the date and year first written above.

 

	BORROWER:	 
	 	 	 
	WIRELESS
    TELECOM GROUP, INC.	 
	 	 	 
	By:	/s/
    Michael Kandell	 
	Name:	Michael
    Kandell	 
	Title:	Chief
    Financial Officer	 
	 	 	 
	GUaRANTORS:	 
	 	 	 
	MICROLAB/FXR
    LLC	 
	 	 	 
	By:	/s/
    Michael Kandell	 
	Name:	Michael
    Kandell                   	 
	Title:	Chief
    Financial Officer	 
	 	 	 
	BOONTON
    ELECTRONICS CORPORATION	 
	 	 	 
	By:	/s/
    Michael Kandell	 
	Name:	Michael
    Kandell	 
	Title:	Chief
    Financial Officer	 
	 	 	 
	COMMAGILITY
    LIMITED	 
	 	 	 
	By:	/s/
    Michael Kandell	 
	Name:	Michael
    Kandell	 
	Title:	Chief
    Financial Officer	 
	 	 	 
	WIRELESS
    TELECOMMUNICATIONS GROUP, LTD	 
	 	 	 
	By:	/s/
    Michael Kandell	 
	Name:	Michael
    Kandell	 
	Title:	Chief
    Financial Officer	 
	 	 	 
	HOLZWORTH
    INSTRUMENTATION, INC.	 
	 	 	 
	By:	/s/
    Michael Kandell	 
	Name:	Michael
    Kandell	 
	Title:	Chief
    Financial Officer	 
	 	 	 
	LENDER:	 
	 	 	 
	MUZINICH BDC, INC.	 
	 	 	 
	By:	/s/
    Jeffrey Youle	 
	Name:	Jeffrey
    Youle	 
	Title:	Head
    of U.S. Private Debt	 

 

[Additional
signature page follows]

 

    	Signature Page to Second Amendment to Credit Agreement and Limited WaiverExhibit
10.33

 

SECOND
AMENDMENT TO SHARE PURCHASE AGREEMENT

 

This
Second Amendment to Share Purchase Agreement (this “Amendment”), effective as of February 19, 2021, is by and
among Wireless Telecom Group, Inc., a New Jersey corporation (“Purchaser”); Holzworth Instrumentation Inc.,
a Colorado corporation (the “Company”); Jason Breitbarth, Joe Koebel and Leyla Bly (each a “Seller”
and collectively, “Sellers”); and Jason Breitbarth as the designated representative of Sellers (“Sellers’
Representative”, collectively with Purchaser, the Company, and Sellers, the “Parties”).

 

RECITALS

 

WHEREAS,
all capitalized terms used and not defined herein shall have the meanings given such terms in the Share Purchase Agreement, dated
November 13, 2019, by and among the Parties, as amended by that certain First Amendment to Share Purchase Agreement, dated January
31, 2020, by and among the Parties (collectively, the “Purchase Agreement”);

 

WHEREAS,
pursuant to the Purchase Agreement, Purchaser purchased all of the Acquired Shares from the Sellers in exchange for the Purchase
Price on February 7, 2020;

 

WHEREAS,
pursuant to Section 13.7 of the Purchase Agreement, the Purchase Agreement may be amended by written agreement of the Purchaser
and Sellers; and

 

WHEREAS,
the Purchaser and Sellers wish to amend the Purchase Agreement on the terms and conditions set forth in this Amendment.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged and accepted by the Parties, and intending to be legally bound hereby, the Parties hereby agree
as follows:

 

1.
Amendment of Purchase Agreement.

 

a.
Section 2.3(c) of the Purchase Agreement is hereby deleted in its entirety and replaced in lieu thereof with the following:

 

“(c)
Subject to Section 11.11, the Deferred Purchase Price 2 shall be paid to each Seller through the issuance of an unsecured
promissory note (each, a “Note” and collectively, the “Notes”) to each Seller in the amount
of such Seller’s Proportionate Share of the Deferred Purchase Price 2, bearing interest at an annualized rate of six and
one-half percent (6.5%) beginning on April 1, 2021. Principal and interest payments for each Note shall be made on July 1, 2021,
October 1, 2021, and January 1, 2022, respectively, in three (3) equal installments in the amount of (i) one-third (1/3rd)
of such Seller’s Proportionate Share of the Deferred Purchase Price 2 (each such amount, “Seller’s Principal
Payment”), and (ii) interest, which shall have accrued solely on the amount of each such Seller’s Principal Payment
through such payment date. For exemplary purposes for the avoidance of doubt, for the payment due on October 1, 2021, interest
on the amount of each such Seller’s Principal Payment shall have accrued from April 1, 2021 through October 1, 2021. Purchaser
shall deliver to Sellers’ Representative (on behalf of, and for distribution to, Sellers) the Notes, which shall be issued
by Purchaser to each Seller and delivered to Sellers’ Representative no later than [●], 2021. Purchaser may, in its
sole direction, prepay any Deferred Purchase Price 2 payment in cash as provided in this Section 2.3(c) at any time and
will reasonably endeavor to prepay the Deferred Purchase Price 2 payments payable during the 2021 calendar year; provided,
however, that Purchaser shall not be requested or required to breach any existing obligations or covenants to third parties
in its effort to make any such prepayment. Any prepayment made by Purchaser of any portion of the Deferred Purchase Price 2 as
provided in this Section 2.3(c) shall be in the amount of (i) each Seller’s Principal Payment and (ii) interest,
which shall have accrued solely on the amount of each such Seller’s Principal Payment through such payment date on the same
terms as a regularly scheduled payment as provided in this Section 2.3(c).”

 

    	 

     

    

 

b.
Section 2.5(a)(ix) of the Purchase Agreement is hereby deleted in its entirety and replaced in lieu thereof with the following:

 

“(ix)
Earnout Consideration. The Earnout Consideration may be paid in cash or issued in shares of WTG Stock, which combination
shall be determined no later than ten (10) calendar days prior to each payment date of the Earnout Consideration as set forth
in Section 2.5(a)(xi) in Purchaser’s sole discretion.

 

(x)
Restrictions on Transfer. All shares of WTG Stock issued as Earnout Consideration will be subject to the Lock-Up (as defined
in Section 1(a) of the Lock-up and Voting Agreement) until released from the Lock-Up as provided in this Section 2.5(a)(x).
If, as of December 31, 2021: (A) the portion of the Earnout Consideration that has been paid in cash through such date represents
less than 30% of the aggregate Earnout Consideration paid, the portion of WTG Stock issued as Earnout Consideration constituting
the difference between the cash percentage paid and 30% of the aggregate Earnout Consideration paid as of such date will be released
from the Lock-Up as of December 31, 2021; or (B) $1,500,000 in Earnout Consideration (such amount, the “Lock-Up Threshold”)
has been paid, the portion of WTG Stock issued as Earnout Consideration constituting the difference between the cash percentage
paid, if less than 30% of the Lock-Up Threshold, and 30% of such Earnout Consideration will be released from the Lock-Up as of
such payment date. In the event that the Lock-Up Threshold is not reached as of December 31, 2021, at such time as the Lock-Up
Threshold is reached, if any, the portion of WTG Stock issued as Earnout Consideration constituting the difference between (X)
the cash percentage paid as of such date (if less than 30% of the Lock-Up Threshold), and (Y) 30% of such Earnout Consideration,
minus (Z) the percentage representing the WTG Stock previously released as of December 31, 2021, will be released from
the Lock-Up as of such payment date. Any WTG Stock issued as Earnout Consideration and not otherwise released from the Lock-Up
as set forth in this Section 2.5(a)(x) shall remain subject to the Lock-Up for the duration of the Lock-Up Period (as defined
in Section 1(a) of the Lock-up and Voting Agreement).

 

    	2

     

    

 

(xi)
Payment of the Earnout Consideration. With respect to the Year 1 Earnout Consideration, if any, payment shall be made in
(1) six (6) equal quarterly installments of 10% of the Year 1 Earnout Consideration payable on the last Business Day of each calendar
quarter between June 30, 2021 and September 30, 2022 and (2) one (1) installment payment equal to forty percent (40%) of the Year
1 Earnout Consideration on December 31, 2022. With respect to the Year 2 Earnout Consideration, if any, payment shall be made
in four (4) equal quarterly installments payable on the last Business Day of each calendar quarter between March 31, 2022 and
December 31, 2022. Each Seller may individually elect to defer any payment to them of earned Earnout Consideration to be paid
through the issuance of WTG Stock on any such Earnout Consideration payment date and instead receive such payment on the next
Earnout Consideration payment date as set forth in this Section 2.5(a)(xi) by providing written notice of such election
to Purchaser no later than three (3) Business Days prior to the payment date; provided that all such deferred payments
shall be paid no later than the final such Earnout Consideration payment date for the applicable Earnout period. Purchaser may,
in its sole direction, prepay any Earnout Consideration payment in cash as provided in this Section 2.5(a)(xi) at any time.
The Earnout Consideration (if any) shall be payable as follows: (A) for any portion paid in cash, to Sellers’ Representative
(on behalf of and for distribution, as applicable, to Sellers) by wire transfer of immediately available funds to the account
or accounts designated by Sellers’ Representative pursuant to Section 3.3(b)(ii)(B) (which designation may be updated
by Sellers’ Representative by notice to Purchaser within five days after the determination of the Earnout Measurement);
(B) for any portion issued in WTG Stock, to each of the Sellers by issuance of WTG Stock in accordance with such Seller’s
Proportionate Share, by restricted book entry at Purchaser’s transfer agent into segregated accounts established by such
transfer agent for the benefit of, and registered in the name of, such Seller, which WTG Stock shall be valued based on the volume-weighted
average price of WTG Stock for the 90 trading days immediately preceding the date of such final determination of the Earnout Measurement
for such Earnout Period; or (C) if the Earnout Consideration is to be paid and issued in a combination of (A) and (B), to Sellers’
Representative and to each of the Sellers, as applicable, as described in (A) and (B), in all cases at the sole and absolute discretion
of Purchaser other than as set forth in this Section 2.5(a)(xi).”

 

c.
Section 2.5(c) of the Purchase Agreement is hereby deleted in its entirety and replaced in lieu thereof with the following:

 

    	3

     

    

 

“(c)
During the Earnout Periods, Purchaser shall operate the Company and the Business in a commercially reasonable manner and hereby
agrees: (i) not to take any action during the Earnout Periods which has as its primary purpose materially impairing the ability
of Sellers to earn the Earnout Consideration or materially reducing the Company EBITDA; and (ii) for so long as Sellers are active
employees of the Company, to use Commercially Reasonable Efforts to consult with Sellers and reasonably consider Sellers’
position with respect to (x) discontinuing, eliminating or materially reducing (or announcing the discontinuation, elimination
or material reduction of) any product or service lines of the Company) during the Earnout Periods, or (y) taking any action by
the Company during the Earnout Periods that Purchaser has actual knowledge will directly and materially reduce the Earnout Consideration
(provided that Sellers shall not have any cause of action or other remedy with respect to any failure of Purchaser to comply with
this clause (ii)). Subject to the first sentence of this Section 2.5(c) and to the Employment Agreements, the Parties acknowledge
and agree that, from and after the Closing, Purchaser shall have the complete right, power and authority to operate and control
the Company and each of Purchaser’s, Purchaser’s Affiliates’ and the Company’s business (including the
Business) and its and their respective operations and all key business decisions (including any and all decisions relating to
the integration of the Business into the business and operations of Purchaser and its Affiliates (provided the Purchaser
maintain, or cause to be maintained, books and records with respect to the Business and the business activities of the Company
separate from any other business activities of the Purchaser or its Affiliates as shall be necessary to substantiate the Proposed
Earnout Measurement), any acquisitions, dispositions, purchases or sales of equity or assets and the timing thereof, capital expenditures
and the timing thereof, opening new or closing existing offices, developing new businesses or divisions, service offerings and
pricing, employee hiring and retention, subcontracting authority and facilities management) in any manner as it shall determine
in its sole and absolute discretion, regardless of the impact on any Earnout Consideration. In the event Purchaser desires to
enter into a material asset or equity acquisition post-Closing, the Parties agree that all earned but unpaid Earnout Consideration
shall be accelerated and payable no later than the closing of such asset or equity acquisition; provided, however,
that any Earnout Consideration not yet earned shall not be due or payable at such time.”

 

2.
Miscellaneous.

 

a.
Conflicting Provisions. This Amendment, together with the Purchase Agreement and other Transaction Documents, constitutes
the complete agreement among the Parties with respect to the subject matter hereof and thereof; provided that this Amendment
supersedes any prior understandings, agreements or representations by or among the Parties, written or oral, which relate to the
subject matter hereof among the Parties. Except as expressly contemplated herein, the Purchase Agreement and the other Transaction
Documents shall otherwise remain in full force and effect in accordance with their terms. In the event of conflict among this
Amendment and any of the Transaction Documents, this Amendment shall control.

 

b.
Binding Effect. Upon each Party’s acceptance hereof by signing in the space provided below, this Amendment shall
constitute a binding agreement among the Parties, and shall inure to the benefit of the Parties’ respective successors and
assigns. The Parties hereby acknowledge the receipt and sufficiency of good and valuable consideration for their obligations hereunder.

 

c.
Other Provisions. Sections 13.5, 13.7, 13.9 and 13.12 of the Purchase Agreement are hereby incorporated by reference into
this Amendment and shall apply to this Amendment and be binding upon the Parties, mutatis mutandis, as though included
in their entirety herein.

 

(Signature
Page Follows)

 

    	4

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.

 

	 	PURCHASER:
	 	 	 
	 	Wireless
    Telecom Group, Inc.
	 	 	 
	 	By:
    	/s/
    Timothy Whelan
	 	Name:	Timothy
    Whelan
	 	Title:	Chief
    Executive Officer

 

[Signatures
Continue on Following Page]

 

[Signature
Page to Second Amendment to Share Purchase Agreement]

 

    	 

     

    

 

[Signatures
Continued from Previous Page]

 

	 	SELLERS:
	 	 
	 	/s/
    Jason Breitbarth
	 	Jason
    Breitbarth 
	 	 
	 	/s/
    Joe Koebel
	 	Joe
    Koebel
	 	 
	 	/s/
    Leyla Bly
	 	Leyla
    Bly

 

[Signature
Page to Second Amendment to Share Purchase Agreement]

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