Document:

EX-10.24

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 Exhibit 10.24 

CAMBIUM NETWORKS, INC. 

EMPLOYMENT AGREEMENT 

EMPLOYMENT AGREEMENT (this “Agreement”) dated as of February 15, 2013, between Cambium Networks, Inc., a Delaware
Corporation (the “Company”), and Atul Bhatnagar (the “Employee”). 
 Recitals: 

The Company desires to employ the Employee as the President and Chief Executive Officer of the Company. 

NOW, THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. POSITION
AND DUTIES. 
 During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the President and
Chief Executive Officer (“CEO”) of the Company, and, at the request of the Board of Directors of the Company (the “Board”), as an officer or director of any parent entity of the Company or any subsidiary of the Company or
such parent entity, in any case, without additional compensation. In this capacity, the Employee shall have the duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities of persons in similar capacities
in similarly sized companies, and such other duties, authorities and responsibilities as the Board shall designate from time to time that are not inconsistent with the Employee’s position as CEO of the Company. The Employee’s principal
place of employment with the Company shall be in Rolling Meadows, Illinois. Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. Employee will work in Rolling Meadows, Illinois four
days per week during weeks when Employee does not otherwise travel for business purposes. Following eighteen (18) months of employment, the Employee and the Board will come to a mutually agreeable resolution as to Employee’s principal
place of employment; provided that, in no event will Employee be required to work in Rolling Meadows, Illinois or any other location more than 50 miles from his home in Saratoga California for more than four days per week. The Employee shall report
directly to the Board. 
 (a) During the Employment Term, as defined below, the Employee shall devote all of the Employee’s business
time, energy, business judgment, knowledge and skill and the Employee’s best efforts to the full, loyal and careful performance of the Employee’s duties to the Company, provided that the foregoing shall not prevent the Employee from
(i) serving on the boards of directors of non-profit organizations and, with the prior written approval of the Board, other for profit companies, (ii) serving on the Board of Directors of Ytrre,
Inc., I4VU, Inc., and Zprox, LLC., (iii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee’s passive personal investments so long as such activities in the
aggregate do not interfere or conflict with the Employee’s duties hereunder or create a potential business or fiduciary conflict. 

  
 A-1 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 (b) The Board shall take such action as may be necessary to appoint or
elect the Employee as a member of the Board as of the Effective Date (as defined in Section 2 hereof). Thereafter, during the Employment Term, the Board shall nominate the Employee for
re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. 

2. EMPLOYMENT TERM. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees
to be so employed commencing as of February 18, 2013 (the “Effective Date”). The period of time between the Effective Date and the termination of the Employee’s employment hereunder shall be referred to herein as the
“Employment Term.” 
 3. BASE SALARY. The Company agrees to pay the Employee a base salary at an annual rate
of $460,000, payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Employee’s base salary shall not be subject to annual review by the Board (or a committee thereof) prior to
January 1, 2016, and thereafter may be increased, but not decreased below its then current level. The base salary as determined herein and adjusted from time to time shall constitute “Base Salary” for purposes of this
Agreement. 
 4. ANNUAL BONUS. The Employee shall be granted Management Incentive Units in Vector Cambium Holdings (Cayman),
L.P. (“Parent”) representing 1.0% of the outstanding or reserved equity of Parent. These Units will be subject to vesting over the course of the first four (4) years of his employment (the “Target Bonus”), and
will vest at the rate of 25% per year (the “Annual Bonus”) based upon the attainment of one or more pre-established performance goals agreed to annually by Employee and the Board or the
Company’s Compensation Committee (the “Committee”) as set consistently across the management team. For FY 2013, 50% of these goals will be based on revenue and 50% will be based on EBITDA. The Target Bonus may vest at greater
than or less than 25% each year depending on performance relative to performance goals. 
 5. EQUITY AWARDS. On the Effective
Date, the Employee shall acquire equity or equity-linked securities issued by Parent in such classes or series, in such amounts and on such terms as are set forth on Exhibit A hereto, and shall execute all such related
agreements and instruments as the Company deems necessary or convenient to effect the issuance of the securities described on, or to evidence or give further effect to the terms contemplated by, Exhibit A hereto
(collectively, the “Equity Documents”). In addition, the Employee shall be considered to receive additional equity and other long-term incentive awards under any applicable plan adopted by the Company during the Employment Term for
which employees are generally eligible, but the level of the Employee’s participation in any such plan shall be determined in the sole discretion of the Board from time to time. 

6. EMPLOYEE BENEFITS. 

(a) BENEFIT PLANS. During the Employment Term, the Employee shall be entitled to participate in any employee benefit plan that the
Company has adopted or may adopt, maintain or contribute to for the benefit of its employees generally, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided
to hereunder. The Employee’s participation will be subject to the terms of the applicable 

  
 A-2 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 plan documents and generally applicable Company policies. Notwithstanding the foregoing,
the Company may modify or terminate any employee benefit plan at any time. The Company shall obtain, at the Company’s expense, key man life and disability insurance for the Employee that includes payments to beneficiaries designated by the
Employee of at least $1.5 Million. 
 (b) VACATIONS. During the Employment Term, the Employee shall be entitled to four
(4) weeks of paid vacation per calendar year (as prorated for partial years) in accordance with the Company’s policy on accrual and use applicable to employees as in effect from time to time. Accrued but unused vacation carried from one
year to the next shall be capped at two (2) weeks. Vacation may be taken at such times and intervals as the Employee determines, subject to the business needs of the Company. 

(c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time,
the Employee shall be reimbursed in accordance with the Company’s expense reimbursement policy, for all reasonable out-of-pocket business expenses incurred and paid
by the Employee during the Employment Term and in connection with the performance of the Employee’s duties hereunder. 
 (d) LEGAL
FEES. Upon presentation of appropriate documentation, the Company shall pay the Employee’s reasonable counsel fees (based on the standard hourly rate of such counsel) incurred in connection with the negotiation and documentation of this
Agreement, up to a maximum of $20,000 which shall be paid within sixty (60) days following the Effective Date, provided that the Employee is still employed at the time of such payment. 

7. TERMINATION. The Employee’s employment and the Employment Term shall terminate on the first of the following to occur:

 (a) DISABILITY. Upon ten (10) days’ prior written notice by the Company to the Employee of termination due to Disability.
For purposes of this Agreement, “Disability” shall be defined as the inability of the Employee to have performed the Employee’s material duties hereunder due to a physical or mental injury, infirmity or incapacity for one
hundred eighty (180) days (including weekends and holidays) in any 365-day period, as determined by the Board in its reasonable discretion. The Employee shall cooperate in all respects with the Company if
a question arises as to whether the Employee has become disabled (including, without limitation, submitting to reasonable examinations by one or more medical doctors and other health care specialists selected by the Company and authorizing such
medical doctors and other health care specialists to discuss the Employee’s condition with the Company. 
 (b) DEATH.
Automatically upon the date of death of the Employee. 
 (c) CAUSE. Immediately upon written notice by the Company to the
Employee of a termination for Cause. “Cause” shall mean: 
 (i) the Employee’s willful and continued failure to
substantially perform the Employee’s duties to the Company; 
 (ii) the Employee’s willful misconduct or gross negligence in the
performance of the Employee’s duties to the Company; 

  
 A-3 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 (iii) the Employee’s willful failure to perform the Employee’s
duties to the Company or to follow the lawful directives of the Board (other than as a result of death or Disability); 
 (iv) conviction
of, or pleading of guilty or nolo contendere to, a felony or any crime involving moral turpitude; 
 (v) the Employee’s
willful failure to cooperate in any audit or investigation of the business or financial practices of the Company or any of its subsidiaries; 

(vi) the Employee’s performance of any material act of theft, embezzlement, fraud, malfeasance, dishonesty or misappropriation of the
Company’s property; or 
 (vii) a material breach of this Agreement or any other agreement with the Company. 

Any determination of Cause by the Company will be made by a resolution approved by a majority of the members of the Board, provided that no such
determination may be made until the Employee has been given written notice detailing the specific Cause event and a period of thirty (30) days following receipt of such notice to cure or discontinue such event (if susceptible to cure or
discontinuance) to the satisfaction of the Board. Notwithstanding anything to the contrary contained herein, the Employee’s right to cure as set forth in the preceding sentence shall not apply if there are habitual or repeated breaches by the
Employee. 
 (d) WITHOUT CAUSE. Immediately upon written notice by the Company to the Employee of an involuntary termination without
Cause (other than for death or Disability). 
 (e) GOOD REASON. Upon written notice by the Employee to the Company of a termination
for Good Reason. “Good Reason” shall mean the occurrence of any of the following events, without the express written consent of the Employee, unless such events are fully corrected in all material respects by the Company within
thirty (30) days following written notification by the Employee to the Company of the occurrence of one of the reasons set forth below: 

(i) material diminution in the Employee’s Base Salary or Target Bonus; 

(ii) material diminution in the Employee’s duties, authorities or responsibilities (other than temporarily while physically or mentally
incapacitated or as required by applicable law); 
 (iii) relocation of the Employee’s principal place of employment by more than 50
miles from its then current location; 
 (iv) a requirement that Employee work in Rolling Meadows Illinois or any other location more than
50 minutes from his home in Saratoga, CA for more than four (4) days per week; or 

  
 A-4 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 (v) a material breach of this agreement by the Company or Parent,
including a failure to grant the equity awards pursuant to Sections 4 and 5 and Exhibit A within 30 days of the Effective Date. 

The Employee shall provide the Company with a written notice detailing the specific circumstances alleged to, constitute Good Reason within ninety
(90) days after the first occurrence of such circumstances, and actually terminate employment within thirty (30) days following the expiration of the Company’s thirty (30)-day cure period
described above. Otherwise, any claim of such circumstances as “Good Reason” shall be deemed irrevocably waived by the Employee. 

(f) WITHOUT GOOD REASON BY EMPLOYEE. Upon a minimum of fourteen (14) days’ prior written notice by the Employee to the
Company of the Employee’s voluntary termination of employment without Good Reason (which the Company may, in its sole discretion, make effective earlier than any notice date). 

8. CONSEQUENCES OF TERMINATION. 

(a) DEATH OR DISABILITY. In the event that the Employee’s employment and the Employment Term ends on account of the
Employee’s death or disability, the Employee or the Employee’s estate, as the case may be, shall be entitled to the following (with the amounts due under Sections 8(a)(i) through 8(a)(iv) hereof to be paid
within sixty (60) days following termination of employment, or such earlier date as may be required by applicable law): 
 (i) any
unpaid Base Salary through the date of termination; 
 (ii) any Annual Bonus earned but unpaid with respect to the fiscal year ending on or
preceding the date of termination; 
 (iii) reimbursement for any unreimbursed business expenses incurred through the date of termination;

 (iv) any accrued but unused vacation time in accordance with Company policy; and 

(v) all other payments, benefits or fringe benefits to which the Employee shall be entitled upon any termination of employment in accordance
with the terms and conditions of the applicable compensation arrangement or benefit, equity or fringe benefit plan or program (collectively, Sections 8(a)(i) through 8(a)(v) hereof shall be hereafter referred to as
the “Accrued Benefits”). 
 (b) TERMINATION FOR CAUSE OR BY EMPLOYEE WITHOUT GOOD REASON. If the Employee’s
employment is terminated (x) by the Company for Cause, or (y) by the Employee without Good Reason, the Company shall pay to the Employee the Accrued Benefits except that if Employee’s employment is terminated by the Company for Cause
Employee shall not be entitled to the benefit described in Section 8(a)(ii) hereof. 

  
 A-5 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 (c) TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. If the
Employee’s employment by the Company is terminated (x) by the Company other than for Cause, or (y) by the Employee for Good Reason, the Company shall pay or provide the Employee with the following, subject to the provisions of
Section 23 hereof: 
 (i) the Accrued Benefits; 

(ii) subject to the Employee’s continued compliance with the obligations in Sections 9, 10 (excluding
10(f)) and 11 hereof, an amount equal to the Employee’s monthly Base Salary rate (but not as an employee), for a period of twelve (12) months following such termination; provided that to the extent that the payment of any
amount constitutes “nonqualified deferred compensation” for purposes of Code Section 409A (as defined in Section 23 hereof), any such payment scheduled to occur during the first sixty (60) days following
the termination of employment shall not be paid until the first regularly scheduled pay period following the sixtieth (60th) day following such termination and shall include payment of any amount that was otherwise scheduled to be paid prior
thereto; 
 (iii) subject to the Employee’s continued compliance with the obligations in Sections 9,
10 (excluding 10(f)) and 11 hereof, a pro-rata portion of the Employee’s Annual Bonus for the fiscal year in which the Employee’s termination occurs based on actual results for
such year (determined by multiplying the amount of such bonus which would be due for the full fiscal year by a fraction, the numerator of which is the number of days during the fiscal year of termination that the Employee is employed by the Company
and the denominator of which is 365) payable at the same time bonuses for such year are paid to other senior executives of the Company; 

(iv) subject to (A) the Employee’s timely election of continuation coverage under the Consolidated Omnibus Budget Reconciliation Act
of 1985, as amended (“COBRA”), and (B) the Employee’s continued compliance with the obligations in Sections 9, 10 (excluding 10(f)) and 11 hereof, continued participation in the
Company’s group health plan (to the extent permitted under applicable law and the terms of such plan) which covers the Employee (and the Employee’s eligible dependents) for a period of twelve (12) months at the Company’s expense.

 Payments and benefits provided in this Section 8(c) shall be in lieu of any termination or severance payments or benefits for
which the Employee may be eligible under any of the plans, policies or programs of the Company or under the Worker Adjustment Retraining Notification Act of 1988 or any similar state statute or regulation. 

(d) OTHER OBLIGATIONS. Upon any termination of the Employee’s employment with the Company, the Employee shall promptly resign from
any position as an officer, director or fiduciary of any Company-related entity. 
 (e) EXCLUSIVE REMEDY. The amounts payable to the
Employee following termination of employment and the Employment Term hereunder pursuant to Sections 7 and 8 hereof and the Employee’s rights under the Equity Documents shall be in full and complete satisfaction
of the Employee’s rights under this Agreement and any other claims that the Employee may have in respect of the Employee’s employment with the Company or any of its affiliates, and the Employee acknowledges that such amounts are fair and
reasonable, and are the Employee’s sole and exclusive remedy, in lieu of all other remedies at law or in equity, with respect to the termination of the Employee’s employment hereunder or any breach of this Agreement. 

  
 A-6 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 9. RELEASE. Any and all amounts payable and benefits or
additional rights provided pursuant to this Agreement beyond the Accrued Benefits (other than amounts described in Section 8(a)(iii) hereof) shall only be payable if the Employee delivers to the Company and does not revoke
a general release of claims in favor of the Company in substantially the form attached on Exhibit B hereto. Such release shall be executed and delivered (and no longer subject to revocation, if applicable) within sixty
(60) days following termination. 
 10. RESTRICTIVE COVENANTS. 

(a) CONFIDENTIALITY. (i) During the course of the Employee’s employment with the Company, the Employee will have access to
Confidential Information. For purposes of this Agreement, “Confidential Information” means all data, information, ideas, concepts, discoveries, trade secrets, inventions (whether or not patentable or reduced to practice),
innovations, improvements, know-how, developments, techniques, methods, processes, treatments, drawings, sketches, specifications, designs, plans, patterns, models, plans and strategies, and all other
confidential or proprietary information or trade secrets in any form or medium (whether merely remembered or embodied in a tangible or intangible form or medium) whether now or hereafter existing, relating to or arising from the past, current or
potential business, activities or operations of the Company or any of its affiliates, including, without limitation, any such information relating to or concerning finances, sales, marketing, advertising, transition, promotions, pricing, personnel,
customers, suppliers, vendors, partners or competitors. The Employee agrees that the Employee shall not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course of the
Employee’s assigned duties and for the benefit of the Company, either during the period of the Employee’s employment or at any time thereafter, any Confidential Information or other confidential or proprietary information received from
third parties subject to a duty on the Company’s and its subsidiaries’ and affiliates’ part to maintain the confidentiality of such information, and to use such information only for certain limited purposes, in each case, which shall
have been obtained by the Employee during the Employee’s employment by the Company (or any predecessor). 
 (ii) The foregoing shall
not apply to information that (i) was known to the public prior to its disclosure to the Employee; (ii) becomes generally known to the public subsequent to disclosure to the Employee through no wrongful act of the Employee or any
representative of the Employee; or (iii) the Employee is required to disclose by applicable law, regulation or legal process (provided that the Employee provides the Company with prior notice of the contemplated disclosure and cooperates with
the Company at its expense in seeking a protective order or other appropriate protection of such information). The terms and conditions of this Agreement shall remain strictly confidential, and the Employee hereby agrees not to disclose the terms
and conditions hereof to any person or entity, other than immediate family members, legal advisors or personal tax or financial advisors, or prospective future employers solely for the purpose of disclosing the limitations on the Employee’s
conduct imposed by the provisions of this Section 10 who, in each case, agree to keep such information confidential. 

(b) NONCOMPETITION. The Employee acknowledges that (i) the Employee performs services of a unique nature for the Company that are
irreplaceable, and that the Employee’s performance of such services to a competing business will result in irreparable harm to the Company, (ii) the Employee has had and will continue to have access to Confidential

  
 A-7 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 Information which, if disclosed, would unfairly and inappropriately assist in
competition against the Company or any of its affiliates, (iii) in the course of the Employee’s employment by a competitor, the Employee would inevitably use or disclose such Confidential Information, (iv) the Company and its
affiliates have substantial relationships with their customers and the Employee has had and will continue to have access to these customers, (v) the Employee has received and will receive specialized training from the Company and its
affiliates, and (vi) the Employee has generated and will continue to generate goodwill for the Company and its affiliates in the course of the Employee’s employment. Accordingly, during the Employee’s employment hereunder and for a
period of one (1) year thereafter, the Employee agrees that the Employee will not, directly or indirectly, own, manage, operate, control, be employed by (whether as an employee, consultant, independent contractor or otherwise, and whether or
not for compensation) or render services to any person, firm, corporation or other entity, that is, in whatever form, either directly or indirectly through its affiliates, engaged, or seeking to acquire a controlling interest in another person, firm
corporation or entity that is engaged, in competition with the Company or any of its subsidiaries or in any other material business in which the Company or any of its subsidiaries is engaged on the date of termination, in any locale of any country
in which the Company conducts business. Notwithstanding the foregoing, nothing herein shall prohibit the Employee from being a passive owner of not more than one percent (1%) of the equity securities of a publicly traded corporation engaged in a
business that is in competition with the Company or any of its subsidiaries or affiliates, so long as the Employee has no active participation in the business of such corporation. In addition, the provisions of this
Section 10(b) shall not be violated by the Employee commencing employment with a subsidiary, division or unit of any entity that engages in a business in competition with the Company or any of its subsidiaries so long as
the Employee and such subsidiary, division or unit does not engage in a business in competition with the Company or any of its subsidiaries. 

(c) NONSOLICITATION; NONINTERFERENCE. (i) During the Employee’s employment with the Company and for a period of one
(1) year thereafter, the Employee agrees that the Employee shall not, except in the furtherance of the Employee’s duties hereunder, directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity,
solicit, aid or induce any customer of the Company or any of its subsidiaries to purchase goods or services then sold by the Company or any of its subsidiaries from another person, firm, corporation or other entity or assist or aid any other persons
or entity in identifying or soliciting any such customer. 
 (ii) During the Employee’s employment with the Company and for a period of
one (1) year thereafter, the Employee agrees that the Employee shall not, except in the furtherance of the Employee’s duties hereunder, directly or indirectly, individually or on behalf of any other person, firm, corporation or other
entity, (A) solicit, aid or induce any employee, representative or agent of the Company or any of its subsidiaries to leave such employment or retention or to accept employment with or render services to or with any other person, firm,
corporation or other entity unaffiliated with the Company or hire or retain any such employee, representative or agent, or take any action to materially assist or aid any other person, firm, corporation or other entity in identifying, hiring or
soliciting any such employee, representative or agent, or (B) interfere, or aid or induce any other person or entity in interfering, with the relationship between the Company or any of its subsidiaries and any of their respective vendors, joint
venturers or licensors. 

  
 A-8 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 (d) NONDISPARAGEMENT. The Employee agrees not to make negative
comments or otherwise disparage the Company or its officers, directors, employees, shareholders, agents or products other than in the good faith performance of the Employee’s duties to the Company while the Employee is employed by the Company.
The foregoing shall not be violated by truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such
proceedings). 
 (e) INVENTIONS. (i) The Employee acknowledges and agrees that all ideas, methods, inventions, discoveries,
improvements, work products, developments, software, know-how, processes, techniques, methods, works of authorship and other work product, whether patentable or unpatentable, (A) that are reduced to
practice, created, invented, designed, developed, contributed to, or improved with the use of any Company resources or within the scope of the Employee’s work with the Company or that relate to the business, operations or actual or demonstrably
anticipated research or development of the Company, and that are made or conceived by the Employee, solely or jointly with others, during the Employment Term, or (B) suggested by any work that the Employee performs in connection with the
Company, either while performing the Employee’s duties with the Company or on the Employee’s own time, but only insofar as the Inventions are related to the Employee’s work as an employee or other service provider to the Company,
shall belong exclusively to the Company (or its designee), whether or not patent or other applications for intellectual property protection are filed thereon (the “Inventions”). The Employee will keep full and complete written
records (the “Records”), in the manner prescribed by the Company, of all Inventions, and will promptly disclose all Inventions completely and in writing to the Company. The Records shall be the sole and exclusive property of the
Company, and the Employee will surrender them upon the termination of the Employment Term, or upon the Company’s request. The Employee irrevocably conveys, transfers and assigns to the Company the Inventions and all patents or other
intellectual property rights that may issue thereon in any and all countries, whether during or subsequent to the Employment Term, together with the right to file, in the Employee’s name or in the name of the Company (or its designee),
applications for patents and equivalent rights (the “Applications”). The Employee will, at any time during and subsequent to the Employment Term, make such applications, sign such papers, take all rightful oaths, and perform all
other acts as may be requested from time to time by the Company to perfect, record, enforce, protect, patent or register the Company’s rights in the Inventions, all without additional compensation to the Employee from the Company. The Employee
will also execute assignments to the Company (or its designee) of the Applications, and give the Company and its attorneys all reasonable assistance (including the giving of testimony) to obtain the Inventions for the Company’s benefit, all
without additional compensation to the Employee from the Company, but entirely at the Company’s expense. 
 (ii) In addition, the
Inventions will be deemed Work for Hire, as such term is defined under the copyright laws of the United States, on behalf of the Company and the Employee agrees that the Company will be the sole owner of the Inventions, and all underlying rights
therein, in all media now known or hereinafter devised, throughout the universe and in perpetuity without any further obligations to the Employee. If the Inventions, or any portion thereof, are deemed not to be Work for Hire, or the rights in such
Inventions do not otherwise automatically vest in the Company, the Employee hereby irrevocably conveys, transfers and assigns to the Company, all rights, in all media now known or hereinafter devised, throughout the universe and in perpetuity,

  
 A-9 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 in and to the Inventions, including, without limitation, all of the Employee’s
right, title and interest in the copyrights (and all renewals, revivals and extensions thereof) to the Inventions, including, without limitation, all rights of any kind or any nature now or hereafter recognized, including, without limitation, the
unrestricted right to make modifications, adaptations and revisions to the Inventions, to exploit and allow others to exploit the Inventions and all rights to sue at law or in equity for any infringement, or other unauthorized use or conduct in
derogation of the Inventions, known or unknown, prior to the date hereof, including, without limitation, the right to receive all proceeds and damages therefrom. In addition, the Employee hereby waives any
so-called “moral rights” with respect to the Inventions. To the extent that the Employee has any rights in the results and proceeds of the Employee’s service to the Company that cannot be
assigned in the manner described herein, the Employee agrees to unconditionally waive the enforcement of such rights. The Employee hereby waives any and all currently existing and future monetary rights in and to the Inventions and all patents and
other registrations for intellectual property that may issue thereon, including, without limitation, any rights that would otherwise accrue to the Employee’s benefit by virtue of the Employee being an employee of or other service provider to
the Company. 
 (iii) I have attached hereto as Exhibit C, a list describing all inventions, discoveries, original works of
authorship, developments, improvements, trade secrets and other proprietary information or intellectual property rights owned by me or in which I have an interest prior to, or separate from, my employment with the Company (“Prior
Inventions”). 
 (f) BUSINESS OPPORTUNITIES. The Employee shall submit to the Board all business, commercial and investment
opportunities or offers presented to the Employee, or of which the Employee becomes aware, during the period of the Employee’s employment with the Company that relate to the areas of business engaged in by the Company or its subsidiaries at any
time during the period of the Employee’s employment with the Company (collectively, the “Company Opportunities”). Unless approved by the Board in writing, the Employee shall not accept, pursue or otherwise benefit from,
directly or indirectly, any Company Opportunities on the Employee’s own behalf. 
 (g) RETURN OF COMPANY PROPERTY. On the date
of the Employee’s termination of employment with the Company for any reason (or at any time prior thereto at the Company’s request), the Employee shall return all property belonging to the Company or its affiliates (including, but not
limited to, any Company-provided laptops, computers, cell phones, wireless electronic mail devices or other equipment, or documents and property belonging to the Company). The Employee may retain the Employee’s rolodex and similar address books
provided that such items only include contact information. 
 (h) REASONABLENESS OF COVENANTS. In signing this Agreement, the
Employee gives the Company assurance that the Employee has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 10 hereof. The Employee agrees
that these restraints are necessary for the reasonable and proper protection of the Company and its affiliates and their Confidential Information and that each and every one of the restraints is reasonable in respect to subject matter, length of
time and geographic area, and that these restraints, individually or in the aggregate, will not prevent the Employee from obtaining other suitable employment during the period in which the Employee is bound by the restraints. The Employee agrees
that, before providing services, whether as an 

  
 A-10 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 employee or consultant, to any entity during the period of time that the Employee is
subject to the constraints in Section 10(b) hereof, the Employee will provide a copy of this Agreement (including, without limitation, this Section 10) to such entity, and such entity shall
acknowledge to the Company in writing that it has read this Agreement. The Employee acknowledges that each of these covenants has a unique, very substantial and immeasurable value to the Company and its affiliates and that the Employee has
sufficient assets and skills to provide a livelihood while such covenants remain in force. The Employee further covenants that the Employee will not challenge the reasonableness or enforceability of any of the covenants set forth in this
Section 10, and that the Employee will reimburse the Company and its affiliates for all costs (including reasonable attorneys’ fees) incurred in connection with any action to enforce any of the provisions of this
Section 10 if either the Company or its affiliates prevails on any material issue involved in such dispute or if the Employee challenges the reasonableness or enforceability of any of the provisions of this
Section 10. It is also agreed that each of the Company’s affiliates will have the right to enforce all of the Employee’s obligations to that affiliate under this Agreement, including without limitation pursuant to
this Section 10. 
 (i) REFORMATION. If it is determined by a court of competent jurisdiction in any state
that any restriction in this Section 10 is excessive in duration or scope or is unreasonable or unenforceable under applicable law, it is the intention of the parties that such restriction may be modified or amended by the
court to render it enforceable to the maximum extent permitted by the laws of that state. 
 (j) TOLLING. In the event of any
violation of the provisions of this Section 10, the Employee acknowledges and agrees that the post-termination restrictions contained in this Section 10 shall be extended by a period of time equal
to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination restriction period shall be tolled during any period of such violation. 

(k) SURVIVAL OF PROVISIONS. The obligations contained in Sections 10 and 11 hereof shall survive the
termination or expiration of the Employment Term and the Employee’s employment with the Company and shall be fully enforceable thereafter. 

11. COOPERATION. Upon the receipt of reasonable notice from the Company (including outside counsel), the Employee agrees that
while employed by the Company and for one (1) year thereafter, the Employee will respond and provide information with regard to matters in which the Employee has knowledge as a result of the Employee’s employment with the Company, and will
provide reasonable assistance to the Company, its affiliates and their respective representatives in defense of any claims that may be made against the Company or its affiliates, and will assist the Company and its affiliates in the prosecution of
any claims that may be made by the Company or its affiliates, to the extent that such claims may relate to the period of the Employee’s employment with the Company (collectively, the “Claims”). The Employee agrees to promptly
inform the Company if the Employee becomes aware of any lawsuits involving Claims that may be filed or threatened against the Company or its affiliates. The Employee also agrees to promptly inform the Company (to the extent that the Employee is
legally permitted to do so) if the Employee is asked to assist in any investigation of the Company or its affiliates (or their actions) or another party attempts to obtain information or documents from the Employee (other than in connection with any
litigation or other proceeding in which the Employee is a party-in-opposition) 

  
 A-11 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 with respect to matters the Employee believes in good faith to relate to any
investigation of the Company or its affiliates, in each case, regardless of whether a lawsuit or other proceeding has then been filed against the Company or its affiliates with respect to such investigation, and shall not do so unless legally
required. During the pendency of any litigation or other proceeding involving Claims, the Employee shall not communicate with anyone (other than the Employee’s attorneys and tax or financial advisors and except to the extent that the Employee
determines in good faith is necessary in connection with the performance of the Employee’s duties hereunder) with respect to the facts or subject matter of any pending or potential litigation or regulatory or administrative proceeding involving
the Company or any of its affiliates without giving prior written notice to the Company or the Company’s counsel. The Company shall provide Employee with reasonable compensation for time spent pursuant to this Section 11 and, upon
presentation of appropriate documentation, the Company shall pay or reimburse the Employee for all reasonable out-of-pocket travel, duplicating or telephonic expenses
incurred by the Employee in complying with this Section 11. 
 12. EQUITABLE RELIEF AND OTHER REMEDIES.
The Employee acknowledges and agrees that the Company’s remedies at law for a breach or threatened breach of any of the provisions of Section 10 or Section 11 hereof would be inadequate
and, in recognition of this fact, the Employee agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond or other security, shall be entitled to obtain equitable relief
in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy which may then be available, without the necessity of showing actual monetary damages. In the event of a violation
by the Employee of Section 10 or Section 11 hereof, any severance being paid to the Employee pursuant to this Agreement or otherwise shall immediately cease, and any severance previously paid to
the Employee shall be immediately repaid to the Company. 
 13. NO ASSIGNMENTS. This Agreement is personal to each of the
parties hereto. Except as provided in this Section 13 hereof, no party may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other party hereto. The Company may assign
this Agreement to any successor to all or substantially all of the business or assets of the Company, provided that the Company shall require such successor to expressly assume and agree to perform this Agreement in the same manner and to the
same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company and any successor to its business or assets, which assumes and agrees to
perform the duties and obligations of the Company under this Agreement by operation of law or otherwise. 
 14. NOTICE. For
purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of delivery, if delivered by hand, (b) on the date of
transmission, if delivered by confirmed facsimile or electronic mail, (c) on the first business day following the date of deposit, if delivered by guaranteed overnight delivery service, or (d) on the fourth business day following the date
delivered or mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to
the Employee: 
 At the address (or to the facsimile number) shown 

in the books and records of the Company. 

  
 A-12 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 If to the Company: 

Cambium Networks, Inc. 
 3800
Golf Road, Suite 360 
 Rolling Meadows, IL 60008 

Attention: Tim Allen, CFO 
 or to such other
address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 

15. SECTION HEADINGS; INCONSISTENCY. The section headings used in this Agreement are included solely for convenience and shall
not affect, or be used in connection with, the interpretation of this Agreement. In the event of any inconsistency between the terms of this Agreement and any form, award, plan or policy of the Company, the terms of this Agreement shall govern and
control. 
 16. SEVERABILITY. The provisions of this Agreement shall be deemed severable. The invalidity or unenforceability
of any provision of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement
in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by applicable law. 

17. COUNTERPARTS. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but
all of which together will constitute one and the same instrument. 
 18. ARBITRATION. Any dispute or controversy arising
under or in connection with this Agreement or the Employee’s employment with the Company, other than injunctive relief under Section 12 hereof, shall be settled exclusively by arbitration, conducted before a single
arbitrator in Santa Clara County, California in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association then in effect. The decision of the arbitrator will be final and binding upon the
parties hereto. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. Except as provided by applicable law, the parties acknowledge and agree that in connection with any such arbitration and regardless of outcome,
(a) each party shall pay all of its own costs and expenses, including, without limitation, its own legal fees and expenses, and (b) the arbitration costs shall be borne entirely by the Company. 

19. INDEMNIFICATION. The Company hereby agrees to indemnify the Employee and hold the Employee harmless to the extent provided
under the By-Laws of the Company against and in respect of any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including reasonable attorney’s fees), losses, and damages
resulting from the 

  
 A-13 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 Employee’s good faith performance of the Employee’s duties and obligations
with the Company or any parent entity of the Company or any subsidiary of the Company or such parent entity. This obligation shall survive the termination of the Employee’s employment with the Company. The Company will enter into a customary
indemnification agreement with Employee in a form reasonably acceptable to Employee. 
 20. LIABILITY INSURANCE. The Company
shall cover the Employee under directors’ and officers’ liability insurance both during and, while potential liability exists, after the term of this Agreement in the same amount and to the same extent as the Company covers its other
officers and directors (including with respect to activities as an officer or director of any parent entity of the Company or any subsidiary of the Company or such parent entity). 

21. GOVERNING LAW. This Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating
thereto, shall be governed by and construed in accordance with the laws of the State of Illinois (without regard to its choice of law provisions). The parties acknowledge and agree that in connection with any dispute hereunder, each party shall pay
all of its own costs and expenses, including, without limitation, its own legal fees and expenses. 
 22. MISCELLANEOUS. No
provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Employee and such officer or director as may be designated by the Board. No waiver by either
party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at
the same or at any prior or subsequent time. This Agreement together with all exhibits hereto and the Side Letter dated February 15, 2013, sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein
and supersedes any and all prior agreements or understandings between the Employee and the Company with respect to the subject matter hereof. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter
hereof have been made by either party which are not expressly set forth in this Agreement. 
 23. REPRESENTATIONS. The
Employee represents and warrants to the Company that (a) the Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and
(b) the Employee is not a party to any agreement or understanding, written or oral, and is not subject to any restriction, which, in either case, could prevent the Employee from entering into this Agreement or performing all of the
Employee’s duties and obligations hereunder. 
 24. TAX MATTERS. 

(a) WITHHOLDING. The Company may withhold from any and all amounts payable under this Agreement or otherwise such federal, state and
local taxes as may be required to be withheld pursuant to any applicable law or regulation. In the event that the Company fails to withhold any taxes required to be withheld by applicable law or regulation, the Employee agrees to return to the
Company any such amounts that should have been withheld by the Company. 

  
 A-14 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 (b) SECTION 409A COMPLIANCE. 

(i) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and the
regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. If the
Employee notifies the Company (with specificity as to the reason therefor) that the Employee believes that any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause the Employee to incur
any additional tax or interest under Code Section 409A and the Company concurs with such belief or the Company (without any obligation whatsoever to do so) independently makes such determination, the Company shall, after consulting with the
Employee, reform such provision to attempt to comply with Code Section 409A through good faith modifications to the minimum extent reasonably appropriate to conform with Code Section 409A. To the extent that any provision hereof is
modified in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Employee and the Company of the
applicable provision without violating the provisions of Code Section 409A. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Employee by Code Section 409A or damages
for failing to comply with Code Section 409A. 
 (ii) A termination of employment shall not be deemed to have occurred for purposes of
any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A
and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding anything to the contrary in this
Agreement, if the Employee is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is
considered deferred compensation under Code Section 409A payable on account of a “separation from service,” such payment or benefit shall not be made or provided until the date which is the earlier of (A) the expiration of the
six (6)-month period measured from the date of such “separation from service” of the Employee, and (B) the date of the Employee’s death, to the extent required under Code Section 409A. Upon the expiration of the foregoing
delay period, all payments and benefits delayed pursuant to this Section 24(b)(ii) (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed
to the Employee in a lump sum with interest at the prime rate as published in The Wall Street Journal on the first business day following the date of the “separation from service”, and any remaining payments and benefits due under
this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. 
 (iii) To the extent that
reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred compensation” for purposes of Code Section 409A, (A) all expenses or other reimbursements
hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by the Employee, (B) any right to reimbursement or in-kind benefits
shall not be subject to liquidation or exchange for another benefit, and (C) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other taxable year. 

  
 A-15 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 (iv) For purposes of Code Section 409A, the Employee’s right
to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days,
the actual date of payment within the specified period shall be within the sole discretion of the Company. 
 (v) Notwithstanding any other
provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless
otherwise permitted by Code Section 409A. 

  
 A-16 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

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

	
	CAMBIUM NETWORKS, INC.
	
	/s/ David Baylor
	David Baylor, Director

  

	
	/s/ Atul Bhatnagar
	ATUL BHATNAGAR
	
	Solely with respect to Sections 4 and 5 and Exhibit A.

  

	
	VECTOR CAMBIUM HOLDINGS (CAYMAN), L.P.
	By: Vector Capital Partners IV, L.P., its general partner
	By: Vector Capital Ltd., a general partner\
	
	 /s/ David Baylor

	David Baylor, Director

  

	
	And By: Vector Capital LLC, a general partner
	
	/s/ David Baylor
	David Baylor, Chief Operating Officer

  
 A-17 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 EXHIBIT A 

EQUITY TERM SHEET 
 Employee will be
entitled to receive awards of incentive equity pursuant to the Equity Incentive Plan (the “Plan”) of Vector Cambium Holdings (Cayman), L.P. (the “Parent”), consisting of both Time-Vested Units and Performance-Vested Units. The
award will be made pursuant to an award agreement and Employee will be admitted as limited partner of the Parent. 
 Employee will be issued Time-Vested
Units (representing 2% of the units of the Parent at the time of the grant) with an Original Cost of $0. The Time-Vested Units will vest 25% on the one-year anniversary of Employee’s employment with the
Company thereafter ratably on a monthly basis over the following 36 months. All Time-Vested Units will accelerate and vest upon the closing of a Change of Control of the Company, the Parent or any other subsidiary of the Parent. 

In addition, Employee will be issued Performance-Vested Units (representing 3.0% of the Units of the Parent at the time of the grant) with an Original Cost of
$0. The Performance-Vested Units will vest (a) when and if Vector Partners (as defined in the Partnership Agreement) achieves a Total Equity Return Multiple (as defined in the Partnership Agreement) of at least (1) 3.0 times for 50% of the
Performance-Vested Units and (2) 6.0 times for the remaining 50% of the Performance-Vested Units; (b) when and if following the fourth anniversary of the Effective Date the Parent achieves a FAS 157 valuation at which Vector Partners would
achieve a Total Equity Return Multiple of at least (1) 3.0 times for 50% of the Performance-Vested Units and (2) 6.0 times for the remaining 50% of the Performance-Vested Units; or (c) in the case of an IPO, when and if the volume
weighted trading average over 90 consecutive days following expiration of the IPO lock up period exceeds a Total Equity Return Multiple of at least (1) 3.0 times for 50% of the Performance-Vested Units and (2) 6.0 times for the remaining
50% of the Performance-Vested Units. 
 Subject to the termination and severance provisions set forth herein, the incentive equity (including the Time-Based
and Performance-Based Units) would cease to vest upon Employee’s termination of employment with the Company (the “Termination Date”); provided that if Employee is involuntarily terminated by the Company other than for Cause or if
Employee resigns with Good Reason, in each case, within twelve months before or after the occurrence of a Change of Control or the IPO of the Company, the Parent or any other subsidiary of the Parent, then all of the unvested incentive equity held
by Employee shall fully vest on Employee’s Termination Date. 
 The Employee will have the right to participate proportionally in any future financing
of the Parent on the same terms and conditions as other Vector Partners. Employee shall also have the right to participate in any future sale of equity interests in Parent by Vector Partners to third parties who are not affiliates of the Vector
Partners (a co-sale right with respect to vested equity interests held by Employee). 
 The Company and Parent agree
to take all actions required to give effect to the Target Bonus described in Section 4 and the equity awards described in this Exhibit A, including, without limitation, amending the Second Amended and Restated Limited Partnership
Agreement of Parent dated June 23, 2012 (the “Partnership Agreement”), to give effect to the terms and conditions of the Target Bonus and equity awards described in Sections 4 and 5 and Exhibit A.
The incentive equity shall be subject to all of the terms of the Plan and the Partnership Agreement, as amended to give effect to the terms set forth herein. 

  
 A-18 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 EXHIBIT B 

GENERAL RELEASE 
 I,
Atul Bhatnagar, in consideration of and subject to the performance by Cambium Networks, Inc. (together with its subsidiaries, the “Company”), of its obligations under the Employment Agreement dated as of February__, 2013 (the
“Agreement”), do hereby release and forever discharge as of the date hereof the Company and its respective affiliates and all present, former and future managers, directors, officers, employees, successors and assigns of the Company
and its affiliates and direct or indirect owners (collectively, the “Released Parties”) to the extent provided below (this “General Release”). The Released Parties are intended to be third-party beneficiaries of
this General Release, and this General Release may be enforced by each of them in accordance with the terms hereof in respect of the rights granted to such Released Parties hereunder. Terms used herein but not otherwise defined shall have the
meanings given to them in the Agreement. 
 1. Other than the Accrued Benefits, I understand that any payments or benefits paid or granted
to me under Section 8 of the Agreement represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree that I will not receive certain of the
payments and benefits specified in Section 8 of the Agreement unless I execute this General Release and do not revoke this General Release within the time period permitted hereafter. Such payments and benefits will not be considered
compensation for purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or its affiliates. 

2. Except as provided in paragraphs 4 and 5 below, except for the provisions of the Agreement which expressly survive the termination of my
employment with the Company and except for my rights as a holder of equity interests in Vector Cambium Holdings (Cayman), L.P., I knowingly and voluntarily (for myself, my heirs, executors, administrators and assigns) release and forever discharge
the Company and the other Released Parties from any and all claims, suits, controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other
damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date that this General Release becomes effective and enforceable) and whether known or unknown,
suspected, or claimed against the Company or any of the Released Parties which I, my spouse, or any of my heirs, executors, administrators or assigns, may have, which arise out of or are connected with my employment with, or my separation or
termination from, the Company (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of
1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and Notification
Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any
other local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of
contract, infliction of emotional distress, defamation; or any claim for costs, fees, or other expenses, including attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the
“Claims”). 

  
 B-1 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 3. I represent that I have made no assignment or transfer of any right,
claim, demand, cause of action, or other matter covered by paragraph 2 above. 
 4. I agree that this General Release does not waive or
release any rights or claims that I may have under the Age Discrimination in Employment Act of 1967 which arise after the date I execute this General Release. I acknowledge and agree that my separation from employment with the Company in compliance
with the terms of the Agreement shall not serve as the basis for any claim or action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). 

5. I agree that I hereby waive all rights to sue or obtain equitable, remedial or punitive relief from any or all Released Parties of any kind
whatsoever in respect of any Claim, including, without limitation, reinstatement, back pay, front pay, and any form of injunctive relief. Notwithstanding the above, I further acknowledge that I am not waiving and am not being required to waive any
right that cannot be waived under law, including the right to file an administrative charge or participate in an administrative investigation or proceeding; provided, however, that I disclaim and waive any right to share or participate
in any monetary award resulting from the prosecution of such charge or investigation or proceeding. 
 6. In signing this General Release, I
acknowledge and intend that it shall be effective as a bar to each and every one of the Claims hereinabove mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its
express terms and provisions, including those relating to unknown and unsuspected Claims (notwithstanding any state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if
any, as well as those relating to any other Claims hereinabove mentioned or implied. I acknowledge and agree that this waiver is an essential and material term of this General Release and that without such waiver the Company would not have agreed to
the terms of the Agreement. I further agree that in the event I should bring a Claim seeking damages against the Company, or in the event I should seek to recover against the Company in any Claim brought by a governmental agency on my behalf, this
General Release shall serve as a complete defense to such Claims to the maximum extent permitted by law. I further agree that I am not aware of any pending claim of the type described in paragraph 2 above as of the execution of this General Release.

 7. I agree that neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed or
construed at any time to be an admission by the Company, any Released Party or myself of any improper or unlawful conduct. 
 8. I agree
that if I violate this General Release, I will pay all costs and expenses of defending against the suit incurred by the Released Parties, including reasonable attorneys’ fees. 

  
 B-2 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 9. I agree that this General Release and the Agreement are confidential
and agree not to disclose any information regarding the terms of this General Release or the Agreement, except to my immediate family and any tax, legal or other counsel I have consulted regarding the meaning or effect hereof or as required by law,
and I will instruct each of the foregoing not to disclose the same to anyone. 
 10. Any
non-disclosure provision in this General Release does not prohibit or restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying facts and circumstances by the
Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other self-regulatory organization or any governmental entity. 

11. I hereby acknowledge that Sections 8 through 14, 19 through 22 and 23 of the Agreement shall survive my execution of this General
Release. 
 12. I represent that I am not aware of any claim by me other than the claims that are released by this General Release. I
acknowledge that I may hereafter discover claims or facts in addition to or different than those which I now know or believe to exist with respect to the subject matter of the release set forth in paragraph 2 above and which, if known or suspected
at the time of entering into this General Release, may have materially affected this General Release and my decision to enter into it. 

13. Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any way
affect any rights or claims arising out of any breach by the Company or by any Released Party of the Agreement after the date hereof. 
 14.
Whenever possible, each provision of this General Release shall be interpreted in, such manner as to be effective and valid under applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any
respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND
AGREE THAT: 
  

	 	1.	 I HAVE READ IT CAREFULLY; 

 

	 	2.	 I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO,
RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
OF 1974, AS AMENDED; 

  

	 	3.	 I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 

  
 B-3 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
  

	 	4.	 I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL
READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION; 

  

	 	5.	 I HAVE HAD AT LEAST 21 DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE TO CONSIDER IT, AND THE CHANGES MADE
SINCE MY RECEIPT OF THIS RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE REQUIRED 21-DAY PERIOD; 

 

	 	6.	 I UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS
RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

  

	 	7.	 I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO
ADVISE ME WITH RESPECT TO IT; AND 

  

	 	8.	 I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY
AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME. 

  

									
	SIGNED: 	 	  
	 		 	DATED: 	 	  

		 	ATUL BHATNAGAR	 		 		 	

  
 B-4 

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 EXHIBIT C 

LIST OF EXCLUDED PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP 
 1. [**]

 2. [**] 
 3. [**] 

 

			
	Date: Feb. 15, 2013	  	 /s/ Atul Bhatnagar

		  	Signature
		
		  	Atul Bhatangar

  
 B-5EX-10.25

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 
 Exhibit 10.25 

 
 

 
 Sales Incentive Plan Document for Regional Vice Presidents; SVP Global Channels 

2019 
 The effective period of this plan is January 1,
2019 through December 31, 2019. This plan supersedes any and all other incentive plans, written or implied, for Participants covered by this plan. No representation or promise inconsistent with or beyond the terms of this plan will be
effective. In the event of any such representation or promise, the terms of this plan will govern. The use of the male pronoun within this plan shall be deemed to apply to both genders. 

  

			
		  	Page 1 of 21

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 Introduction 

This document contains the terms of the Sales Incentive Plan for 2019 for Regional Vice Presidents in the sales organization, and the Senior Vice President of
Global Channels. The document starts with an overview of the Sales Incentive Plan then lays out the legal terms and conditions that apply to participation. 

The 2019 Sales Incentive Plan is designed to provide incentive rewards to the Cambium Networks sales teams and individuals for successful achievement of sales
objectives. The plan has been designed to ensure: 
  

	 	•	 	 Alignment of the plan with business objectives 

 

	 	•	 	 Competitiveness to the external market 

 

	 	•	 	 Continued rewarding of top performers 

Table of Contents 
 In this document, participants will
find the following sections: 
  

					
	 Topic
	  	Page(s)	 
	 Target Incentive Compensation and Incentive Earnings Potential
	  	 	3	 
	 Performance Measurements Summary
	  	 	3	 
	 Payout Tables and Mechanics
	  	 	4	 
	 Plan Terms and Conditions
	  	 	5-18	 

 After reviewing this document, participants should understand: 

 

	 	•	 	 The structure of the Sales Incentive Plan 

 

	 	•	 	 How payouts will be calculated, given performance under the Sales Incentive Plan 

 

	 	•	 	 How performance will affect participant’s financial success 

 

	 	•	 	 The administrative practices associated with the Sales Incentive Plan 

  

			
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material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 Target Incentive Compensation and Incentive Earnings Potential 

Target Incentive Compensation for each individual is the product of Base Salary and the Target Incentive Percentage. At target performance, meeting exactly
100% of the Sales Incentive Plan objectives or goals on each measure, participants will earn the Target Incentive Compensation. Achievement of target performance above and below 100% of goal will result in earned incentive compensation according to
the Payout Tables and Mechanics in the pages that follow. 
 Performance Measurements Summary 

The performance measurement framework under the Sales Incentive Plan is as follows: 
  

							
	 Performance
Measure
	  	 Weight
	  	 Measurement
Period
	  	 Comments

	Net Revenue	  	[**]%	  	Quarterly and Annual	  	For revenue-based components, payments are made quarterly based on achievement of quarterly and year to date (“YTD”) revenue recognized by Cambium Networks relative to quarterly and YTD revenue and point of sale
(“POS”) quotas. If achievement of such goals on a YTD basis is below 100% of the annual quota, then quarterly payments will be made at an SIP multiplier of [**].0. No accelerator will be applied until such point during the year that 100%
of the annual quota is exceeded.
				
	Gross Margin	  	[**]%	  	Quarterly and Annual	  	Gross Margin-based components will be made quarterly based on achievement of Gross Margin goals, as specified per individual Participant.

  

			
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 Additional information about when incentive payments are deemed earned and when incentive payments are an
advancement of earnings and subject to offsetting can be found in Sections 2.07 and 2.08 of the Plan Terms and Conditions section of this Plan. 

Payout Tables and Mechanics 
 The rate at which
participants earn incentives for each Performance Measure is summarized in the following table(s): 
 For the Gross Margin Performance Measure, Participants
may be eligible for an incentive payment based on achieving a minimum percent of target Gross Margin, as set forth in the following table, with potential upside for over-achievement of target Gross Margin. The upside will be capped at 200% of target
incentive payment, calculated quarterly based on year-to-date incentive payment. 
  

					
	 Award Level
	  	 SIP Payout
	  	 Gross Margin Attainment

	 Upside
	  	[**]% of target total incentive	  	[**]% of target Gross Margin
			
	 Target
	  	[**]% of target total incentive	  	[**]% of target Gross Margin
			
	 Threshold
	  	>[**]% of target total incentive	  	[**]% of target Gross Margin
			
	 No Award
	  	[**]%	  	<[**]% of target Gross Margin

 The details of the payout are explained in the Schedule. 

For the Net Revenue Performance Measure, the rate at which Participants earn incentives is summarized in the following tables: 

 

													
	 RVP Tiering
	 
	 Tier Minimum
	  	Tier
Maximum	 	 	Payout
Multiplier	 	  	Notes	 
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  	 	[**	] 
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  	 	[**	] 
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  			
	 [**]%
	  	 	[**	]% 	 	 	[**	] 	  			
	 [**]%
	  	 	[**	] 	 	 	[**	] 	  			

  

			
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 Plan Terms and Conditions 

Article 1 

Definitions 
  

	1.01	 Base Salary. 

“Base Salary” shall mean fixed pay that is provided for an active employee and does not vary between pay periods due to employee
performance. Base salary includes merit lump sum payments and additional months (e.g., 13th or 14th month) base amounts in countries where legally required. However, the Sales Incentive Plan calculations will be limited to 12 months of
base salary, except where local laws require inclusion of additional months. “Base Salary” shall not include awards under this Plan or any other short-term or long-term incentive plan; recurring allowances; imputed income from such
programs as group-term life insurance; any non-cash equity or similar awards; or non-recurring earnings, such as moving expenses, and shall be based upon base salary
earnings before reductions for such items as deferrals under employer-sponsored deferred compensation plans, or contributions made at the election of the Participant out of the Participant’s pay. Base salary is subject to change during normal
base salary review periods. 
  

	1.02	 Cause. 

“Cause” shall mean unacceptable performance, or any misconduct identified as a ground for termination in the Cambium Networks Code of
Business Conduct, the human resources policies, or other written policies or procedures. 
  

	1.03	 Company. 

“Company” shall mean Cambium Networks, Ltd. and its subsidiaries, provided that, in any jurisdiction in which local law applies,
“Company” shall mean, and the Plan shall be maintained solely by, the affiliated company of Cambium Networks Ltd. doing business in the applicable jurisdiction. 
  

	1.04	 Compensation Committee. 

The Compensation Committee is the committee established by Cambium Networks from time to time, currently consisting of the CFO, HR Head and
General Counsel, with the SVP of Global Sales participating as it relates to discussions of this Plan (subject to being recused in connection with any discussion of his compensation) as such composition may be revised from time to time. 

  

			
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	1.05	 Gross Margin. 

“Gross Margin” shall mean Net Revenue generated by the region from the sale of Cambium goods and services in a quarter less the
direct costs associated with the production of such goods and services and the indirect costs. That net figure will be divided by total net revenue generated by the region. The Gross Margin shall be measured as a percentage of net revenue. 

 

	1.06	 Disabled. 

“Disabled” shall mean being entitled to receive benefits under the Cambium Networks Disability Income Plan or under the alternative
plan, policy or legislation applicable to the Participant under local law. 
  

	1.07	 Employee. 

“Employee” shall mean a person in an employee-employer relationship with the Company, but excluding; (a) any individual
performing services for the Company under an independent contractor or consultant agreement, a purchase order, a supplier agreement or any other agreement that the Company enters into for services; and (b) any individual whose terms and
conditions of employment are governed by a collective bargaining agreement resulting from good faith collective bargaining where compensation of the type offered under this Plan were the subject of such bargaining, unless such agreement specifies
that such individuals are eligible for this Plan. 
  

	1.08	 Leave of Absence. 

“Leave of Absence” shall mean an approved leave of absence from the Company by virtue of which a Participant must continue to be
eligible for the Plan under applicable law, including local law, or any other approved leave of absence, accepted as such by Cambium’s HR department. 
  

	1.09	 Local Law. 

“Local Law” shall mean the law of any jurisdiction to the extent that it applies to a Participant hereunder. 

 

	1.10	 Measurement Period. 

“Measurement Period” shall mean the month, quarter, year, or other time period, over which Performance Results are calculated and/or
strategic objectives are assigned to determine a Participant’s earning of an incentive payout hereunder. Incentive payments based on a Measurement Period will be measured as of the last day of a Measurement Period. 

  

			
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	1.11	 Participant. 

“Participant” shall mean an Employee who, as of the beginning of the Measurement Period (or, as provided in the Plan, during the
Measurement Period) is in one of the positions eligible for participation in the Plan. 
 Subject to provisions detailed under
“Terminations and Transfers,” individual will cease to be a Participant upon the effective date of termination of employment (for any reason) or transfer to a role or position which is not eligible for participation in the Plan. 

 

	1.12	 Performance Measures. 

“Performance Measures” shall mean the specific financial metrics or other results required for business success established by
Cambium’s Compensation Committee to align efforts with the business scorecard. Each objective will have a corresponding incentive opportunity expressed as a percent of the annual Base Salary as outlined in the attached Schedule. 

 

	1.13	 Performance Results. 

“Performance Result” shall mean the outcomes as measured by Cambium’s Finance function for the applicable performance
measurement(s) in the Measurement Period. 
  

	1.14	 Plan. 

“Plan” shall mean the Sales Incentive Plan set forth in the attached schedule and as amended from time to time. 

 

	1.15	 Sales Incentive. 

“Sales Incentive” shall mean the percentage of Base Salary (as defined in section 1.01) that will be paid for achievement of
Performance Measures as reflected on the Schedule applicable to the Participant for the Measurement Period. The annual Base Salary to be used in the calculation will be specified by Cambium’s HR department and, in the absence of such
specification, shall be the annual Base Salary in effect at the beginning of the applicable Measurement Period. 

  

			
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	1.16	 Schedule. 

“Schedule” shall mean the sections entitled Total Target Compensation and Earnings Potential, set forth herein that reflects
information applicable to the determination of incentive pay, if any. 
 Article 2 

Participation and Eligibility 
  

	2.01	 Eligibility for and Acceptance of Incentive Payment. 

Except as provided herein, with respect to any incentive payment made on a monthly, quarterly, or annual basis, a Participant will only be
eligible to receive a payment if the Participant is an Employee of the Company on the last day of a Measurement Period. If a Participant accepts an incentive payment for a Measurement Period (including by cashing a check for the payment or not
canceling direct deposit before the payment is scheduled to be directly deposited to the Participant s account), the Participant shall thereby have agreed and consented to the terms of this Plan, except to the extent inconsistent with local law.

  

	2.02	 Eligibility for Other Incentive Payments. 

Employees shall participate in only one annual incentive plan or sales incentive plan for any specific period in time. An individual may
participate in the Plan and another plan sequentially during any Measurement Period because of promotion or reassignment, provided that participation in each such plan is prorated to reflect (to the day) the period during which he or she
participated in each plan. 
  

	2.03	 Terminations and Transfers. 

Notwithstanding any provision of the Plan to the contrary, but subject to the provisions of local law, a Participant will not be paid a Sales
Incentive for a Measurement Period unless the Participant is actively employed, or (as described in Section 2.04) on a Leave of Absence, as of the last day of the Measurement Period, except as described in the following: 

 

	 	(a)	 If, during a Measurement Period, a Participant terminates employment due to Retirement, involuntary separation
not for cause (as defined in Section 1.02), death or because the Participant is Disabled, the Measurement Period will be prorated to reflect the salary, performance goals and performance results for Measurement Period-to-date. Group Finance will obtain authorization and provide payroll/HR with notice to pay earned prorated incentive payouts that would normally have been held until end of Measurement Period or year-end. Any earned prorated incentive payouts that are payable under this provision are not intended to duplicate other benefits and thus any payouts under this provision will be offset and reduced by any
comparable payment provided for under any other plan. 

  

			
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	 	(b)	 Except to the extent inconsistent with applicable law, if, during a Measurement Period, a Participant’s
employment is terminated for cause (as defined in Section 1.02) or voluntarily by the employee, the Measurement Period will not be prorated, and no additional Sales Incentives will be paid. Sales Incentives normally due as of the end of the
Measurement Period or year-end calculations will not be paid. 

  

	 	(c)	 A Participant who transfers out of an incentive eligible position during a Measurement Period will be eligible
for a prorated incentive payment under the Plan; provided that, if the Participant is eligible for an incentive payment in his or her new position for all or part of the same Measurement Period, the pro ration under this Plan shall be accomplished
in a way that, in the judgment of the Compensation Committee, prevents duplication. 

  

	 	(d)	 For accelerators to be applied to an incentive payment, the Participant must have been eligible for incentive
payments for at least 6 months in any Measurement Period. When Participants become first eligible to participate during a Measurement Period, only quota assigned from the date of eligibility should be considered when assessing whether accelerators
should be applied. 

  

	2.04	 Leaves of Absence. 

Notwithstanding any provision of the Plan to the contrary, a Participant who commences or returns from a Leave of Absence during a Measurement
Period may, in the discretion of the Compensation Committee or as provided by local law, be entitled to an incentive payment hereunder. Notwithstanding any provision of the Plan to the contrary, compensation or benefits received by a Participant
during a Leave of Absence shall not be included in the calculation of Base Salary for purposes of determining the Participant’s Sales Incentive. 
  

	2.05	 Changes in Role or Sales Incentive Plan. 

Role changes where the employee moves to or from a job that is sales incentive eligible will require that the Sales Incentive Plan be closed
out and a new Sales Incentive Plan will be established or eligibility will begin or end. The Sales Incentive Plan results will be prorated to reflect the performance goals and performance results year-to-date. If the Participant is eligible for an incentive payment in his or her new job for all or part of the same Measurement Period, the pro ration under this Plan shall be accomplished in a way that,
in the judgment of the Compensation Committee, prevents duplication in incentives or an inappropriate incentive gap. 

  

			
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	2.06	 Changes in Quota or Territory. 

Notwithstanding any provision to the contrary, the SVP of Global Sales with input from the Compensation Committee, may change a
Participant’s quota and/or territory. 
  

	2.07	 When Incentive Payments are Deemed Earned. 

Provided that the Participant is employed as of the last day of the Measurement Period, all net revenue or
POS-based incentives (including those with an annual component) are deemed earned as of the date Cambium Networks recognizes the revenue associated with an applicable sale, unless the customer cancels an order
or returns the product to Cambium Networks; or Cambium Networks determines that there was an error in the incentive payment amount, even if any of the above events occur after incentive payments have been paid out by Cambium Networks. 

POS revenue is computed by reference to data collated by Cambium Networks or a 3rd party, the value of which is determined by Cambium’s
Sales Operations department and Cambium Finance. 
 All Gross Margin based incentives are deemed earned as of the last day of the Measurement
Period. 
  

	2.08	 Commission Splits. 

Sometimes the closing of a sale requires the efforts of several members of the sales team. Therefore, any commissions related to the sale may
be allocated between two or more Regional Sales Managers (RSM) pursuant to prior arrangement or agreement of the involved employees and their respective RVP’s. Selling effort must be documented and demonstrable if a split is to occur.
Also, being assigned to an account which produces an order through the efforts of another RSM does not automatically ensure that the account owner would receive a portion of the commission. 

Any dispute regarding adjustments to commissions will be resolved by the Compensation Committee, who will determine the allocation after
consulting with the appropriate sales management. Whenever possible, this allocation will be determined prior to the order being booked. 

  

			
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 Article 3 

Incentive Pay Elements 
  

	3.01	 Monthly Incentives. 

Monthly incentives, if any, for a fiscal year, shall be established by Compensation Committee and set forth on the Schedule. 

 

	3.02	 Quarterly Incentives. 

Quarterly incentives, if any, for a fiscal year, shall be established by Compensation Committee and set forth on the Schedule. 

 

	3.03	 Annual Incentives. 

Annual incentives, if any, for a fiscal year shall be as established by Cambium’s Compensation Committee, and set forth on the Schedule.

  

	3.04	 Other Incentives. 

Other incentives, if any, for a fiscal year shall be as established by Cambium’s Compensation Committee. 

Article 4 

Administration 
  

	4.01	 Cambium’s Compensation Committee. 

Cambium’s Compensation Committee shall have authority to control and manage the operation and administration of the Plan, including all
rights and powers necessary or convenient to the carrying out of its functions hereunder, whether or not such rights and powers are specifically enumerated herein. This includes the authority to administer and override Plan provisions to comply with
local law. 
  

	4.02	 Governance. 

Cambium’s Compensation Committee shall have authority to construe and interpret the Plan, decide all questions of fact and questions of
eligibility and determine the amount, manner and time of payment of any incentive payment hereunder, which shall be final and binding, except to the extent inconsistent with local law. 

  

			
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	4.03	 Incentive Calculation/Administration. 

Incentives will not be paid until all relevant data for the Measurement Period is accumulated and reconciled. All relevant equipment returns,
credit memos and other measurement elements must be identified and accounted for prior to calculation of the incentive payout. Negative revenue transactions may include any transactions which occur subsequent to any Measurement Period.
Reconciliation and approval of incentive compensation generally will be completed within 90 calendar days after the last day of the Measurement Period, except when management requires additional time to review business results for final accuracy or
requires additional time based on other business needs, in which case such payments will be paid at the earliest practicable time following such management review, provided, however, in the case of a Participant who is subject to taxation in the
United States, that payment will occur in all events before March 15 of the calendar year following the year in which the Measurement Period ended. Notwithstanding the preceding sentence, to the extent the Performance Measures for payments with
a Measurement Period of a year are based on the annual Cambium Networks Incentive Plan (if at all), payment will coincide with other payments under the Cambium Bonus Scheme (i.e., as soon as administratively practical during the calendar year
immediately following the close of the Measurement Period). 
 Where Cambium agrees to a higher actual discount on a sale than its typical
discount rates that it uses as the factor for determining point of sale information, Cambium reserves the right in its sole discretion to use the SALES-IN data (or Cambium Revenue) values for determining quota
achievement or other determinations for purposes of this Plan and determination of commissions or bonuses due to Participant under this Plan. The SALES-IN (or Cambium Revenue) values will typically be lower
than the factored POS values, resulting in lower attainments and a decrease in commissions or other bonuses payable to Participant. 
 In
addition to the above, the Compensation Committee may reduce any sales incentive calculation otherwise due to employee Participant in an amount to reflect: 
  

	 	•	 	 Any provisions for doubtful debts implemented by Cambium Networks against a specific customer, that is part of
such sales quota; 

  

	 	•	 	 Any bad debt write-offs for a specific customer, that has been included as part of such Participant’s sales
quota or on which such Participant has previously earned incentive compensation as a result of revenue from such customer; 

  

	 	•	 	 Any balance for a non-paying/delinquent customer that has been on stop
shipment for greater than 30 days without resolving the delinquency (until payment received at which time this notional adjustment would be reversed) 

  

			
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 Provided, however, that a Participant shall not be penalized for write offs associated with purchases made by
such customer prior to the Participant’s responsibility for the territory. Any such reduction would be made against and as a reduction to subsequent sales incentive payments otherwise due to such Participant in future Measurement Periods. 

 

	4.04	 Repayment of Overpayments. 

 

	 	(a)	 If Cambium Networks discovers that it overpaid a Participant or former Participant with respect to any portion
of compensation, the Participant agrees to repay the overpayment amount to Cambium Networks within 30 days of a written request. If the Participant or former Participant does not make such repayment within 30 days, and has not provided the HR
department with clear and specific evidence (as determined by the HR department in its discretion) establishing his or her entitlement to the amount Cambium Networks considers to have been overpaid, Cambium Networks can recover such overpayment by
offsetting the overpayment amount against any money that might then or later be due from Cambium Networks to the Participant or former Participant, including money that is or becomes due as wages, base salary or incentive compensation to the
Participant or former Participant, subject to any requirements of local law. 

  

	 	(b)	 Cambium Networks right under this section to recover overpayments through offset is not the exclusive means by
which it may pursue recovery of said overpayment. In addition to or in lieu of offset, Cambium Networks may also pursue ordinary collection efforts or legal action against the Participant or former Participant. 

 

	 	(c)	 The provisions of this Section shall apply notwithstanding any provision of the Plan to the contrary, subject
to local law. 

  

	4.05	 Significant Achievement Award. 

Winning large and or strategic deals is critical for the growth of Cambium. Developing new Customers, Applications, Products or Services
(CAPS) helps create new streams of revenue which help the company to grow. 
 To recognize these types of achievements, the company may
award a Significant Achievement Award to the appropriate SE, RSM and/or Sales Manager, Director or VP. To be eligible, the signing of a new contract with a customer is required; however a very large increase in business which utilizes existing
contracts would also be considered. Variables that will be considered in determining whether an award should be granted and the size of the bonus award will be: 
  

	 	•	 	 Contract value and or long term deal potential 

 

	 	•	 	 Length of contract or agreement 

  

			
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	 	•	 	 Customer (bigger is better and new is good as well) 

 

	 	•	 	 Profitability of deal 

  

	 	•	 	 Press release allowed 

  

	 	•	 	 Work involved in obtaining the business/contract 

 

	 	•	 	 Impact on overall revenue 

Significant Achievement Bonus Awards will be awarded on a quarterly basis. 

Nominations may be submitted by RSMs or Sales Managers, and may only include those Sales individuals who were directly involved in the deal.

 Awards will be made as cash bonuses. The amount and or quantity will be based on the variables above and consideration will be given
subject to the ability of the compensation plan to reward the individuals involved. 
 The Compensation Committee will determine whether any
awards are to be distributed and the amount of the award. All awards are discretionary. 
 Members of the eStaff (Aarti Sharma, Atul
Bhatnagar, Bryan Sheppeck, Nigel King, Peter Strong, Raymond de Graaf, Ron Ryan, Sally Rau, Scott Imhoff, Stephen Cumming, Vibhu Vivek) will not be considered for this award. 
  

	4.06	 Exceptions. 

For employees who are hired to develop business in new and/or emerging markets where revenue production may take multiple quarters, Management
Business Objectives may be established with payouts for those MBO’s. All MBO’s must be approved by the Compensation Committee. Also, payment for the achievement of the MBO’s will be approved by the Compensation Committee with
supporting documentation provided by the RSM/RTM. 
 Awards outside plan provisions are subject to the approval of Cambium’s
Compensation Committee. All such decisions, actions, or interpretations concerning the Plan made by the Compensation Committee shall be final, conclusive and binding on all parties. 

 

	4.07	 Additional Product Reward. 

Participants may be eligible for an additional award if the Participant is able to achieve his or her quarterly quota for sales of Cambium
Enterprise Products (cnMatrix, cnPlilot Indoor / Outdoor) or, as applicable (determined by POS data for sales of Cambium Enterprise Products (cnMatrix, cnPlilot Indoor / Outdoor), as applicable and as set forth on each applicable Schedule to this
Plan) for that quarter. If the Participant achieves or beats his or her quota for sales of the applicable product for the quarter, the Participant will be 

  

			
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eligible for an additional reward equal to an additional 10% of his or her earned commission payment for that quarter, calculated before application of this adjustment. Measurement shall be based
upon POS data for the Enterprise Products (cnMatrix, cnPlilot Indoor / Outdoor), as applicable. For example, if the Participant meets or beats his or her Enterprise Products (cnMatrix, cnPlilot Indoor / Outdoor) quota and achieves [**]% of the
standard compensation, Participant will earn an additional 8% of the standard commission. If the Participant meets or beats their Enterprise Products (cnMatrix, cnPlilot Indoor / Outdoor) quota and achieves 120% of the standard compensation,
Participant will earn an additional 12% of the standard commission. To be eligible, Participant must achieve the minimum percentage of quota for the quarter to enable payment of a commission. 

 

	4.08	 Bookings Linearity Reward. 

Participants may be eligible for a linearity award if the Participant is able to achieve the following: 

 

	 	(a)	 For all Participants, the Participant must first achieve at least the minimum of his or her quota to cause a
commission to be due for the quarter before any linearity reward is earned. 

  

	 	(b)	 In addition: 

  

	 	•	 	 For Participants in EMEA, CALA or APAC sales teams, the Participant may be eligible for a linearity reward if the
Participant achieves Booking + Beginning Backlog equivalent to 60% of his or her Quarterly Quota by the end of Month 1 of such quarter (the Linearity Target). If the Participant achieves the applicable Linearity Target, then Participant will receive
an additional 10% of his or her earned commission for the quarter, calculated before application of the award. Measurement will be based on NetSuite Bookings + Beginning backlog with CRSD in the current quarter. For example, if the Participant meets
or exceeds his or her Linearity Target and achieves 80% of the standard commission, such Participant will earn an additional 8% of the standard commission. If the Participant meets or exceeds his or her Linearity Target and achieves 120% of the
standard commission, Participant will earn an additional 12% of the standard commission, calculated before application of this award. 

  

	 	•	 	 For Participants in NA sales team, the Participant may be eligible for a linearity award if the Participant
achieves POS of 30% or greater of their quarter quota at the end of Month 1 of the quarter AND 60% or greater of their quarter quota at the end of Month 2 of the quarter (their Linearity Target). If the Participant achieves the applicable Linearity
Target, the Participant will receive and additional 10% of his or her earned commission for the quarter, calculated before application of this award. Measurement is based on POS. For example, if the Participant meets or exceeds his or her Linearity
Target and achieves 80% of the standard commission, 

  

			
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Participant will earn an additional 12% of the standard commission. If the Participants meets or exceeds his or her Linearity Target and achieves 120% of the standard commission, the Participant
will earn an additional 12% of the standard commission, calculated before application of this award. 

  

	4.09	 Large, multi-year contract incentive. 

For large, multi-year contracts as defined in the table below, the following terms will apply: 

 

	 	•	 	 A bonus will be earned at contract signature based upon the Booking value of the contract. 

 

	 	•	 	 The contract must be for committed orders for a multi-year term (three or more years) beyond the current
Financial Year. The commitment must require penalties for failure to achieve committed volume purchases; commitments made pursuant standard distribution or reseller agreements or pursuant to standard volume purchase or spend agreements do not
qualify as large, multi-year contracts. 

  

	 	•	 	 If the contract is for a term of more than three years, or includes purchase commitments more than three years
beyond the effective date of the contract, only the value of committed Bookings for the first three years will be considered and included in determining the total value of the contract for purposes of calculating the bonus due.

  

	 	•	 	 The Compensation Committee reserves the right to modify the final bonus allocations prior to disbursement.

  

	 	•	 	 The bonus will be paid once per contract according to the below table, and allocated as follows:

  

	 	•	 	 Regional Sales Manager – up to 40% of the fixed bonus 

 

	 	•	 	 Sales Director/Regional Vice President – up to 30% of the fixed bonus 

 

	 	•	 	 Support team (ex. RTM/PLM etc.) – Upon recommendation of Regional Vice President and approval of
Compensation Committee – at least 30% of the fixed bonus 

  

	 	•	 	 Members of the eStaff (Aarti Sharma, Atul Bhatnagar, Bryan Sheppeck, Stephen Cumming, Nigel King, Peter Strong,
Raymond de Graaf, Ron Ryan, Sally Rau, Scott Imhoff, Vibhu Vivek) will not be considered for this award. 

  

			
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 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

					
	 Account bookings – Deferred Revenue
	  	Fixed bonus	 
	 Between $[**] and $[**]
	  	$	[**	] 
	 Between $[**] and $[**]
	  	$	[**	] 
	 Between $[**] and $[**]
	  	$	[**	] 
	 Between $[**] and $[**]
	  	$	[**	] 
	 Above $[**]
	  	$	[**	] 

 Article 5 

Miscellaneous 
  

	5.01	 Plan Changes. 

Except to the extent inconsistent with local law, and subject to the rights of Participants under the Plan, the Company reserves the right to
modify, amend or terminate the Plan, to change the territory or quota of any Participant at any time or from time to time, or to modify or amend any payment amount under the Plan, at any time, and from time to time, subject to approval of the
Compensation Committee. 
  

	5.02	 Participant Covenants. 

If a Participant fails to adhere to his/her confidentiality or intellectual property agreement or other policies of the Company, or if the
Participant’s job performance is not satisfactory (including failure to comply with sales procedures and reporting requirements), Cambium’s Compensation Committee shall have the right to either revoke or amend the Participant’s
participation, and his or her entitlement to incentive payments, as it deems appropriate in its sole discretion. 
  

	5.03	 Assignments. 

Participants are reminded of their obligations under Cambium Networks’ Code of Conduct. Particularly, Participants in this plan shall not
assign or give anything of value (except for officially authorized Company promotional allowances) nor promise or give any part of their compensation to any agent, customer, or representative of the customer or other persons (including Company
employees) as an inducement in making a sale. 
  

	5.04	 Employment at Will. 

This plan does not constitute a contract of employment with the Company for a specified term and all employment at Cambium Networks is at will.

  

			
		  	Page 17 of 21

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

	5.05	 Rights To Incentive Payments. 

The Participant’s dependents, creditors, or beneficiaries will not have any right or interest in this plan or in any moneys accrued,
except as provided in Section 2.03. 
  

	5.06	 Superseding Provisions. 

The Plan supersedes any previous incentive compensation plans affecting the Participant for the term covered by the Plan. 

There are no oral agreements or understandings between the Company and any Participant affecting or relating to the Plan which are not
referenced herein. No alteration, modification or change of the Plan shall be effective unless approved in writing by the HR department. 
  

	5.07	 Prevailing Law. 

Except to the extent that local law applies, the Plan shall be construed and enforced in accordance with the laws of the U.K., without giving
effect to its conflict of laws provisions. 
  

	5.08	 Tax Treatment. 

The Company does not guarantee the tax treatment of any payments under the Plan, including without limitation, pursuant to the Code, federal,
state or local tax laws or regulations. The Participant acknowledges and agrees that (a) he is responsible for any taxes owing with respect to the payments and benefits to be provided hereunder, (b) he has not relied on any tax advice
provided by the Company in connection with the payments and benefits to be provided hereunder, and (c) he has been advised to consult with an independent tax advisor regarding any questions concerning tax matters relating to such payments and
benefits. 

  

			
		  	Page 18 of 21

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 SCHEDULE 

[**] 

  

			
		  	Page 19 of 21

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 I hereby agree to the terms and conditions laid out in Cambium’s 2019 Sales Incentive Plan. 

 

			
	Signed: 	 	Ron Ryan
	Name:	 	/s/ Ron Ryan
	Date:	 	4-26-2019

  

			
		  	Page 20 of 21

 *Portions of this exhibit have been excluded because it both (i) is not 

material and (ii) would be competitively harmful if publicly disclosed. 

 

 

 
  

 Gross Margin Achievement: 

 

																									
	 WW GM Achievement
	 	 	 	 	 	 	 
	 Q1’19
	  	Q2’19	 	 	Q3’19	 	 	Q4’19	 	 	FY’ 19	 	 	% of TGT	 	 	SIP Attainment	 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 
	 [**]%
	  	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 	 	 	[**	]% 

  

					
			
	Employee Name:	  	 Ron
Ryan                        
	  	
	Employee signature:	  	 /s/ Ron Ryan
	  	                                     
   Date: 4-26-2019

  

			
		  	Page 21 of 21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]