Document:

Exhibit 4.19

 

NEITHER THIS SECURITY NOR THE SECURITIES
FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION
OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”) AND APPLICABLE STATE SECURITIES LAWS, AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL
OPINION OF CORPORATE COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

COMMON UNITS PURCHASE WARRANT 

SUMMIT SEMICONDUCTOR, LLC

 

	Warrant Units: _________	Original Issue Date: ________, 2017

 

THIS COMMON UNIT PURCHASE WARRANT (the “Warrant”)
certifies that, for value received _____________ or its assigns (the “Holder”) is entitled, upon the
terms and subject to the limitations on exercise and the conditions hereinafter set forth and in the Securities Purchase Agreement
between the Company and the Holder (the “Purchase Agreement”), at any time on or after the Original Issue Date
and on or prior to the close of business on the fifth anniversary of the Original Issue Date (the “Termination Date”)
but not thereafter, to subscribe for and purchase from Summit Semiconductor, LLC, a Delaware limited liability company (the “Company”),
up to __________ Common Units (as subject to adjustment hereunder, the “Warrant Units”). The purchase price
of one Common Unit under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

 

Section 1.             Definitions.
Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Series F Senior Secured 15% Convertible
Notes (the “Notes”), dated _________, 2017, issued by the Company to the purchasers pursuant to the Purchase
Agreement.

 

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Section 2.             Exercise.

 

a)          Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times
on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or
agency of the Company as the Company may designate by notice in writing to the registered Holder at the address of the Holder appearing
on the books of the Company) of a duly executed facsimile copy of the Notice of Exercise form annexed hereto and within three (3)
Trading Days of the date said Notice of Exercise is delivered to the Company, the Company shall have received payment of the aggregate
Exercise Price of the Common Units thereby purchased by wire transfer to an account designated by the Company or cashier’s
check drawn on a United States bank or, if available, pursuant to the cashless exercise procedure specified in Section 2(c) below.
If the amount of payment received by the Company is less than the aggregate Exercise Price of the Common Units being purchased,
the Holder shall make payment of the deficiency within three (3) Trading Days following notice thereof. Notwithstanding anything
herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has
purchased all of the Warrant Units available hereunder and the Warrant has been exercised in full, in which case, the Holder shall
surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date the final Notice of Exercise is
delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant
Units available hereunder shall automatically reduce the outstanding number of Warrant Units purchasable hereunder in an amount
equal to the applicable number of Warrant Units purchased. The Holder and the Company shall maintain records showing the number
of Warrant Units purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise Form
within two (2) Business Days of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge
and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Units hereunder,
the number of Warrant Units available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

 

b)          Exercise
Price. The exercise price per Common Unit under this Warrant shall be the lesser of (A) $0.36 or (B) 20% greater than the Conversion
Price of the Series F Senior Secured 15% Convertible Notes (the “Exercise Price”).

 

c)          Cashless
Exercise. In connection with a Cashless Exercise, this Warrant shall represent the right to subscribe for and acquire the number
of Warrant Units equal to (i) the number of Warrant Units specified by the Holder in its Notice of Exercise (the “Total
Number”) less (ii) the number of Warrant Units equal to the quotient obtained by dividing (A) the product of the Total
Number and the applicable existing Exercise Price by (B) the Fair Market Value. “Fair Market Value” shall mean:
(1) if the Warrant Units are listed on the NYSE MKT (formerly NYSE AMEX), the Nasdaq Capital Market, the Nasdaq Global Market,
the Nasdaq Global Select Market, the New York Stock Exchange, the OTC Bulletin Board or the Pink OTC Markets (or any successors
to any of the foregoing), the last reported sale price of the Warrant Units on such exchange or Nasdaq on the date for which the
determination is being made; or (2) if the Warrant Units are not so listed, “Fair Market Value” shall be determined
in good faith by the Board of Directors of the Company.

 

d)          Mechanics
of Exercise.

 

i.            Delivery
of Certificates Upon Exercise at IPO. If Holder exercises this Warrant in connection with the Company’s initial public
offering (the “IPO”), certificates for Common Units purchased hereunder shall be transmitted by the Transfer
Agent to the Holder by crediting the account of the Holder’s prime broker with The Depository Trust Company through its Deposit
or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system and either (A)
there is an effective registration statement permitting the issuance of the Warrant Units to or resale of the Warrant Units by
the Holder and such Warrant Units have been sold or (B) the Common Units are eligible for resale by the Holder without volume or
manner-of-sale limitations pursuant to Rule 144, and otherwise by physical delivery to the address specified by the Holder in the
Notice of Exercise by the date that is five (5) Trading Days after the latest of (A) the delivery to the Company of the Notice
of Exercise, (B) surrender of this Warrant (if required), and (C) payment of the aggregate Exercise Price as set forth above (including
by cashless exercise, if permitted) (such date, the “Warrant Unit Delivery Date”). The Warrant Units shall be
deemed to have been issued, and Holder or any other person so designated to be named therein shall be deemed to have become a holder
of record of such shares for all purposes, as of the date the Warrant has been exercised in accordance with the requirements of
the preceding sentence and with payment to the Company of the Exercise Price (or by cashless exercise, if permitted) and all taxes
required to be paid by the Holder, if any.

 

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ii.         Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder
and upon surrender of this Warrant certificate, at the time of delivery of the certificate or certificates representing Warrant
Units, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Units called
for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

 

iii.         Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder a certificate or the certificates representing
the Warrant Units pursuant to Section 2(d)(i) by the Warrant Unit Delivery Date, then the Holder will have the right to rescind
such exercise.

 

iv.         Compensation
for Buy-In on Failure to Timely Deliver Certificates Upon Exercise at IPO. In addition to any other rights available to the
Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder a certificate or the certificates representing
the Warrant Units pursuant to an exercise on or before the Warrant Unit Delivery Date, and if after such date the Holder is required
by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases,
Common Units to deliver in satisfaction of a sale by the Holder of the Warrant Units which the Holder anticipated receiving upon
such exercise (a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount, if any, by which
(x) the Holder’s total purchase price (including brokerage commissions, if any) for the Common Units so purchased exceeds
(y) the amount obtained by multiplying (1) the number of Warrant Units that the Company was required to deliver to the Holder in
connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed,
and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Units for which
such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of Common
Units that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder subject
to payment of the Exercise Price therefor. For example, if the Holder purchases Common Units having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of Common Units with an aggregate sale price giving rise to such purchase
obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000.
The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and,
upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right to pursue any
other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or
injunctive relief with respect to the Company’s failure to timely deliver certificates representing Common Units upon exercise
of the Warrant as required pursuant to the terms hereof.

 

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v.           No
Fractional Common Units. No fractional Common Units shall be issued upon the exercise of this Warrant. As to any fraction of
a Common Unit which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election,
either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price
or round to the nearest whole Common Unit.

 

Section 3.             Certain
Adjustments.

 

a)           Notice
to Holder.

 

i.            Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend on the Common Units, (B) the Company shall declare
a special nonrecurring cash dividend on or a redemption of the Common Units, (C) the Company shall authorize the granting to all
holders of the Common Units rights or warrants to subscribe for or purchase any Common Units of any class or of any rights, (D)
the approval of any members of the Company shall be required in connection with any reclassification of the Common Units, any consolidation
or merger to which the Company is a party, any sale or transfer of all or substantially all of the assets of the Company, or any
compulsory share exchange whereby the Common Units are converted into other securities, cash or property, or (E) the Company shall
authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, then, in each case,
the Company shall cause to be mailed to the Holder at its last address as it shall appear upon the Warrant Register of the Company,
at least 10 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date
on which a record is to be taken for the purpose of such dividend, redemption, rights or warrants, or if a record is not to be
taken, the date as of which the holders of the Common Units of record to be entitled to such dividend, redemption, rights or warrants
are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or Common Unit exchange
is expected to become effective or close, and the date as of which it is expected that holders of the Common Units of record shall
be entitled to exchange their Common Units for securities, cash or other property deliverable upon such reclassification, consolidation,
merger, sale, transfer or Common Unit exchange; provided that the failure to mail such notice or any defect therein or in the mailing
thereof shall not affect the validity of the corporate action required to be specified in such notice. To the extent that any notice
provided hereunder constitutes, or contains, material, non-public information regarding the Company or any of the Subsidiaries,
the Company shall simultaneously publicly disclose such notice. The Holder shall remain entitled to exercise this Warrant during
the period commencing on the date of such notice to the effective date of the event triggering such notice except as may otherwise
be expressly set forth herein.

 

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Section 4.             Transfer
of Warrant.

 

a)           Transferability.
Subject to compliance with any applicable securities laws and the conditions set forth in Section 4(d) hereof, this Warrant and
all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender
of this Warrant at the principal office of the Company or its designated agent, together with a written assignment of this Warrant
substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any
transfer taxes payable upon the making of such transfer, but only after such transferee agrees to be bound by the provisions of
this Agreement. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants
in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument
of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant
shall promptly be cancelled. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the
purchase of Warrant Units without having a new Warrant issued.

 

b)          New
Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the
Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by
the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such
division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants
to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the Original
Issue Date and shall be identical with this Warrant except as to the number of Warrant Units issuable pursuant thereto.

 

c)           Warrant
Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant
Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and
for all other purposes, absent actual notice to the contrary.

 

d)          Transfer
Restrictions. The Warrant may only be disposed of in compliance with state and federal securities laws and shall not transferred
unless the Warrant is (i) registered pursuant to an effective registration statement under the Securities Act and under applicable
state securities or blue sky laws or (ii) eligible for resale without volume or manner-of-sale restrictions or current public information
requirements pursuant to Rule 144.

 

e)           Representation
by the Holder. The Holder, by the acceptance hereof, represents and warrants that it is acquiring this Warrant and, upon any
exercise hereof, will acquire the Warrant Units issuable upon such exercise, for its own account and not with a view to or for
distributing or reselling such Warrant Units or any part thereof in violation of the Securities Act or any applicable state securities
law, except pursuant to sales registered or exempted under the Securities Act.

 

Section 5.             Miscellaneous.

 

a)          No
Rights as Member Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a member
of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3.

 

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b)          Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Units, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of
the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate,
if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation,
in lieu of such Warrant or stock certificate.

 

c)          Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or
granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next succeeding
Business Day.

 

d)          Authorized
Common Units.

 

            The Company will
take all such reasonable action as may be necessary to assure that such Warrant Units may be issued as provided herein without
violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common Units may be
listed. The Company covenants that all Warrant Units which may be issued upon the exercise of the purchase rights represented by
this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant Units in accordance
herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by
the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such
issue).

 

            Except and to the
extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending its
Operating Agreement or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities
or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will
at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary
or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality
of the foregoing, the Company will (i) take all such action as may be necessary or appropriate in order that the Company may validly
and legally issue fully paid and nonassessable Warrant Units upon the exercise of this Warrant and (ii) use commercially reasonable
efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof,
as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

            Before taking any
action which would result in an adjustment in the number of Warrant Units for which this Warrant is exercisable or in the Exercise
Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any
public regulatory body having jurisdiction thereof.

 

e)          Jurisdiction.
All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of
conflicts of law thereof.

 

    	 	6	 

     

    

 

f)           Restrictions.
The Holder acknowledges that the Warrant Units acquired upon the exercise of this Warrant, if not registered and the Holder does
not utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

g)          Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder or Company
shall operate as a waiver of such right or otherwise prejudice the Holder’s or Company’s rights, powers or remedies,
notwithstanding the fact that all rights hereunder terminate on the Termination Date. If either party willfully and knowingly fails
to comply with any provision of this Warrant, which results in any material damages to the other, the first party shall pay to
the other party such amounts as shall be sufficient to cover any costs and expenses including, but not limited to, reasonable attorneys’
fees, including those of appellate proceedings, incurred by the affected party in collecting any amounts due pursuant hereto or
in otherwise enforcing any of its rights, powers or remedies hereunder.

 

h)          Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and
shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered
via email or facsimile at the email address or facsimile number set forth on the signature pages attached to the Purchase Agreement
at or prior to 5:30 p.m. (New York City time) on a Trading Day, (b) the next Trading Day after the date of email or facsimile transmission,
if such notice or communication is delivered via email or facsimile at the email address or facsimile number set forth on the signature
pages attached to the Purchase Agreement on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any
Trading Day, (c) the second (2nd) Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier
service or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications
shall be as set forth on the signature page attached to the Purchase Agreement.

 

i)           Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase
Warrant Units, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder
for the purchase price of any Common Units or as a member of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

  

j)           Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled
to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert
the defense in any action for specific performance that a remedy at law would be adequate.

 

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k)          Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns
of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and
shall be enforceable by the Holder or holder of Warrant Units.

 

l)           Amendment.
This Warrant may be modified or amended or the provisions hereof waived in accordance with the Purchase Agreement. Holder acknowledges
and agrees that this Warrant is subject to the Operating Agreement.

 

m)         Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions
of this Warrant.

 

n)          Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of
this Warrant.

 

    	 	8	 

     

    

 

IN WITNESS WHEREOF,
the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.

 

	 	SUMMIT SEMICONDUCTOR, LLC
	 	 	 
	 	By:	 
	 	 	Name: Brett Moyer
	 	 	Title: Chief Executive Officer

 

     

     

    

 

 

NOTICE OF EXERCISE

 

TO:            SUMMIT SEMICONDUCTOR, LLC

 

            (1)         The
undersigned hereby elects to purchase Warrant Units of the Company pursuant to the terms of the attached Warrant (only if exercised
in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

            (2)         Payment
shall take the form of (check applicable box): [ ] lawful money of the United States; or [ ] if permitted the cancellation of such
number of Warrant Units as is necessary, in accordance with the formula set forth in subsection 2(c), to exercise this Warrant
with respect to the maximum number of Warrant Units purchasable pursuant to the cashless exercise procedure set forth in subsection
2(c).

 

            (3)         If
in connection with the Company’s IPO, please issue a certificate or certificates representing said Warrant Units in the name
of the undersigned or in such other name as is specified below:

 

	 	 

 

            The Warrant Units
shall be delivered to the following DWAC Account Number or by physical delivery of a certificate to:

 

	 	 
	 	 
	 	 
	 	 
	 	 

 

            (4)         Accredited
Investor. The undersigned is an “accredited investor” as defined in Regulation D promulgated under the Securities
Act of 1933, as amended, and that the aforesaid Common Units are being acquired for the account of the undersigned for investment
and not with a view to, or for resale, in connection with the distribution thereof, and that the undersigned has no present intention
of distributing or reselling such Common Units.

 

[SIGNATURE OF HOLDER]

 

	Name of Investing Entity:	 	 
	 	 	 
	Signature of Authorized Signatory of Investing Entity: 	 	 
	 	 	 
	Name of Authorized Signatory:	 	 
	 	 	 
	Title of Authorized Signatory:	 	 
	 	 	 
	Date:	 	 

 

     

     

    

 

ASSIGNMENT FORM

 

(To assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

 

            FOR VALUE RECEIVED,
[______] all of or [_____] Common Units of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

                                                                                                                                                                                         
whose address is

                                                                                                                                                                                                                               .

 

                                                                                                                                                                                         

  

Dated: __________________, ____________

 

	 	Holder’s Signature:	 	 
	 	Holder’s Address:	 	 
	 	 	 	 

 

NOTE: The signature to this Assignment Form must correspond
with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever, and must be
guaranteed by a bank or trust company. Officers of limited liability companies and those acting in a fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing Warrant.Exhibit 4.20

 

THIS SECURITY HAS NOT BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE
OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL
BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

Original Issue Date: April XX, 2018

 

Principal Amount: $XXX,000.00

Purchase Amount: $XXX,000.00

 

SERIES
G 15% ORIGINAL ISSUE DISCOUNT 

Senior
secured PROMISSORY NOTE

Due
June 15, 2018

 

THIS Series G 15% Original
Issue Discount Senior Secured Promissory Note is one of a series of duly authorized and validly issued Series G 15% Original Issue
Discount Senior Secured Promissory Notes of Summit Semiconductor, Inc., a Delaware corporation (the “Company”),
having its principal place of business at 6840 Via Del Oro, Ste. 280, San Jose, CA 95119, designated as its Series G 15% Original
Issue Discount Senior Secured Promissory Note due June 15, 2018 (this Series G 15% Original Issue Discount Senior Secured Promissory
Note, the “Note” and, collectively with the other Notes of such series, the “Notes”).

 

FOR VALUE RECEIVED, the
Company promises to pay to XXXXXXXXXX or its registered assigns (the “Holder”), or shall have paid pursuant
to the terms hereunder, the principal sum of XXXXXXXXXX Dollars ($XXX,000.00) on June 15, 2018 (the “Maturity Date”)
or such earlier date as this Note is required or permitted to be repaid as provided hereunder, and to pay interest to the Holder
on the then outstanding principal amount of this Note in accordance with the provisions hereof. This Note is subject to the following
additional provisions:

 

Section 1.          Definitions.
For the purposes hereof, in addition to the terms defined elsewhere in this Note, (a) capitalized terms not otherwise defined herein
shall have the meanings set forth in the Subscription Agreement (as defined below) and (b) the following terms shall have the following
meanings:

 

“Affiliates”
shall mean, with respect to any specified Person, any other Person that, at the time of determination, directly or indirectly through
one or more intermediaries, controls, is controlled by or is ‘under common control with such specified Person.

 

    	1

     

    

 

“Bankruptcy
Event” means any of the following events: (a) the Company or any Significant Subsidiary (as such term is defined in Rule
1-02(w) of Regulation S-X) thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment
of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Company or
any Significant Subsidiary thereof, (b) there is commenced against the Company or any Significant Subsidiary thereof any such case
or proceeding that is not dismissed within sixty (60) days after commencement, (c) the Company or any Significant Subsidiary thereof
is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered, (d)
the Company or any Significant Subsidiary thereof suffers any appointment of any custodian or the like for it or any substantial
part of its property that is not discharged or stayed within sixty (60) calendar days after such appointment, (e) the Company or
any Significant Subsidiary thereof makes a general assignment for the benefit of creditors, (f) the Company or any Significant
Subsidiary thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its
debts or (g) the Company or any Significant Subsidiary thereof, by any act or failure to act, expressly indicates its consent to,
approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of
the foregoing.

 

“Board of Directors”
means the board of directors of the Company.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to
close.

 

“Change
of Control Transaction” means the occurrence after the date hereof of any of (a) an acquisition after the date hereof
by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Securities Exchange
Act of 1934, as amended) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by
contract or otherwise) of in excess of fifty percent (50%) of the voting securities of the Company, provided that the foregoing
shall not apply to acquisitions by the Holder or any of its Affiliates, (b) the Company merges into or consolidates with any other
Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders
of the Company immediately prior to such transaction own less than sixty-six percent (66%) of the aggregate voting power of the
Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets
to another Person and the stockholders of the Company immediately prior to such transaction own less than sixty-six percent (66%)
of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one (1) time or within
a three (3)-year period of more than one-half of the members of the Board of Directors which is not approved by at least one of
those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving
as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by one of the members
of the Board of Directors who was a member on the date hereof), or (e) the execution by the Company of an agreement to which the
Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

 

    	2

     

    

 

“Event
of Default” shall have the meaning set forth in Section 4(a).

 

“Mandatory
Default Amount” means the payment of (i) 150% of the outstanding principal amount of this Note and (ii) accrued and unpaid
interest hereon, in addition to the payment of all other amounts, costs, expenses and liquidated damages due in respect of this
Note.

 

“New
York Courts” shall have the meaning set forth in Section 5(d).

 

“Note
Register” shall have the meaning set forth in Section 2(a).

 

“Original
Issue Date” means the date of the first issuance of the Note, regardless of any transfers of the Note and regardless
of the number of instruments which may be issued to evidence such Note.

 

“Person”
shall mean any natural person, general or limited partnership, corporation, limited liability company, limited liability partnership,
firm, association or organization, trust or other legal entity.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subscription
Agreement” means the Subscription Agreement, dated on or about the date hereof, between the Company and the original
Holder, as amended, modified or supplemented from time to time in accordance with its terms.

 

Section 2.           Original
Issue Discount; Prepayment

 

a)         Original
Issue Discount. The Company acknowledges and agrees that this Note has been issued at an original issue discount. No regularly
scheduled interest payments shall be made on this Note. All payments hereunder will be paid to the Person in whose name this Note
is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).

 

b)         Optional
Prepayment. At any time upon ten (10) days written notice to the Holder, the Company may prepay any portion of the principal
amount of this Note and any accrued and unpaid interest. If the Company exercises its right to prepay the Note, the Company shall
make payment to the Holder of an amount in cash equal to the sum of (i) the then outstanding principal amount of this Note and
(ii) the accrued and unpaid interest on such outstanding principal amount.

 

    	3

     

    

 

Section 3.           Registration
of Transfers and Exchanges.

 

a)         Different
Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations,
as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.

 

b)         Investment
Representations. This Note has been issued subject to certain investment representations of the original Holder set forth in
the Subscription Agreement and may be transferred or exchanged only in compliance with the Subscription Agreement and applicable
federal and state securities laws and regulations.

 

c)         Reliance
on Note Register. Prior to due presentment for transfer to the Company of this Note, the Company and any agent of the Company
may treat the Person in whose name this Note is duly registered on the Note Register as the owner hereof for the purpose of receiving
payment as herein provided and for all other purposes, whether or not this Note is overdue, and neither the Company nor any such
agent shall be affected by notice to the contrary.

 

Section 4.           Events
of Default.

 

a)         “Event
of Default” means, wherever used herein, any of the following events (whatever the reason for such event and whether
such event shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any
court, or any order, rule or regulation of any administrative or governmental body):

 

		i.	any
                                         material default in the payment of (A) the principal amount of any Note or (B) interest,
                                         liquidated damages and other amounts owing to a Holder on any Note, as and when the same
                                         shall become due and payable (whether on the Maturity Date or by acceleration or otherwise)
                                         which default, solely in the case of an interest payment or other default under clause
                                         (B) above, is not cured within three (3) Business Days;

 

		ii.	the Company shall fail to observe or perform any other
material covenant or material agreement contained in this Note which failure is not cured, if possible to cure, within the earlier
to occur of (A) five (5) Business Days after notice of such failure sent by the Holder or by any other Holder to the Company and
(B) ten (10) Business Days after the Company has become or should have become aware of such failure;

 

		iii.	a material default or material event of default (subject
to any grace or cure period provided in the applicable agreement, document or instrument) shall occur under (A) any of the Transaction
Documents (as defined in the Subscription Agreement) or (B) any other material agreement, lease, document or instrument to which
the Company or any Company subsidiary is obligated (and not covered by clause (vi) below), which in the case of clause (B) is
not being disputed in good faith by the Company;

 

    	4

     

    

 

		iv.	any material representation or material warranty made in
this Note, any other Transaction Documents, or any report, financial statement or certificate made or delivered to the Holder
or any other Holder pursuant hereto or thereto shall be untrue or incorrect in any material respect as of the date when made or
deemed made;

 

		v.	the Company or any Significant Subsidiary (as such term
is defined in Rule 1-02(w) of Regulation S-X) shall be subject to a Bankruptcy Event;

 

		vi.	the Company or any Company subsidiary shall default on
any of its material obligations under any mortgage, credit agreement or other facility, indenture agreement, factoring agreement
or other instrument under which there may be issued, or by which there may be secured or evidenced, any indebtedness for borrowed
money or money due under any long term leasing or factoring arrangement that (a) involves an obligation greater than $50,000,
whether such indebtedness now exists or shall hereafter be created, and (b) results in such indebtedness becoming or being declared
due and payable prior to the date on which it would otherwise become due and payable (except for the events of default with respect
to those certain Series D Senior Secured Original Issue Discount Convertible Notes and related transaction documents);

 

		vii.	the Company shall be a party to any Change of Control Transaction;

 

		viii.	any formal action knowingly intended to effectuate any
of the foregoing;

 

		ix.	the occurrence of any levy upon or seizure or attachment
of, or any uninsured loss of or damage to, any property of the Company or any Subsidiary having an aggregate fair value or repair
cost (as the case may be) in excess of $100,000 individually or in the aggregate, and any such levy, seizure or attachment shall
not be set aside, bonded or discharged within thirty (30) days after the date thereof;

 

		x.	any monetary judgment, writ or similar final process shall
be entered or filed against the Company, any subsidiary or any of their respective property or other assets for more than $50,000,
and such judgment, writ or similar final process shall remain unvacated, unbonded or unstayed for a period of forty-five (45)
calendar days; or

 

		xi.	the Company does not consummate its initial public offering
by June 15, 2018.

 

    	5

     

    

 

b)         Remedies
Upon Event of Default.

 

		i.	Subject to the cure periods described Section 4(a), if
any Event of Default occurs, then the outstanding principal amount of this Note, plus accrued but unpaid interest, liquidated
damages and other amounts owing in respect thereof through the date of acceleration, shall become, at the Holder’s election,
immediately due and payable in cash at the Mandatory Default Amount.

 

		ii.	After the occurrence of any Event of Default (subject to
the cure periods described Section 4(a)) that results in the eventual acceleration of this Note, the interest rate on this Note
shall accrue at an additional interest rate equal to the lesser of ten percent (10%) per month (one hundred twenty percent (120%)
per annum) after the Event of Default or the maximum rate permitted under applicable law. Upon the payment in full of the Mandatory
Default Amount, the Holder shall promptly surrender this Note to or as directed by the Company. In connection with such acceleration
described herein, the Holder need not provide, and the Company hereby waives, any presentment, demand, protest or other notice
of any kind, and the Holder may immediately and without expiration of any grace period enforce any and all of its rights and remedies
hereunder and all other remedies available to it under applicable law. Such acceleration may be rescinded and annulled by Holder
at any time prior to payment hereunder and the Holder shall have all rights as a holder of the Note until such time, if any, as
the Holder receives full payment pursuant to this Section 4(b). No such rescission or annulment shall affect any subsequent Event
of Default or impair any right consequent thereon

 

		iii.	Subject to the cure periods described Section 4(a), upon
any Event of Default the Series F 15% Senior Secured Note, due June 30, 2018, in the aggregate principal amount of $2,000,000
(the “Candlewood Series F Notes”), issued to Candlewood Structured Credit Harvest Master Fund LP (“Candlewood
Harvest”) and Candlewood Structured Credit Opportunity Master Fund A LP (“Candlewood Opportunity”
and together with Candlewood Harvest, “Candlewood”) by the Company shall immediately be due and payable, including,
without limitation, the entire outstanding principal amount of the Candlewood Series F Notes, all accrued and unpaid interest
thereon, and any other amounts due under the Candlewood Series F Notes. Further, upon any Event of Default, the Candlewood Series
F Notes shall be deemed pari passu with the Series G 15% Original Issue Discount Senior Secured Promissory Notes issued
to Candlewood, in all respects, including, without limitation, the security interests granted to Candlewood under the Candlewood
Series F Notes. For the avoidance of doubt, upon any Event of Default (subject to the cure periods described Section 4(a)), Candlewood’s
claims against the Company shall be deemed senior to any and all claims by the Holder.

 

    	6

     

    

 

Section 5.           Miscellaneous.

 

a)         Notices.
Any and all notices or other communications or deliveries to be provided by the Holder hereunder shall be in writing and delivered
personally, by facsimile, or sent by a nationally recognized overnight courier service, addressed to the Company, at the address
set forth above, or such other facsimile number or address as the Company may specify for such purposes by notice to the Holder
delivered in accordance with this Section 5(a). Any and all notices or other communications or deliveries to be provided by the
Company hereunder shall be in writing and delivered personally, by facsimile, or sent by a nationally recognized overnight courier
service addressed to each Holder at the facsimile number or address of the Holder appearing on the books of the Company, or if
no such facsimile number or address appears on the books of the Company, at the principal place of business of such Holder, as
set forth in the Subscription Agreement. Any notice or other communication or deliveries hereunder shall be deemed given and effective
on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number
set forth on the signature pages attached hereto prior to 5:30 p.m. (New York City time) on any date, (ii) the next Business Day
after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number set forth on
the signature pages attached hereto on a day that is not a Business Day or later than 5:30 p.m. (New York City time) on any Business
Day, (iii) the second (2nd) Business Day following the date of mailing, if sent by U.S. nationally recognized overnight
courier service or (iv) upon actual receipt by the party to whom such notice is required to be given.

 

b)         Absolute
Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note
at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of the Company.

 

c)         Lost
or Mutilated Note. If this Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange
and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed
Note, a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed, but only upon receipt of evidence
of such loss, theft or destruction of such Note, and of the ownership hereof, reasonably satisfactory to the Company.

 

    	7

     

    

 

d)         Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Note shall be governed by
and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflict
of laws thereof. Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense of the transactions
contemplated by any of the Transaction Documents (whether brought against a party hereto or its respective Affiliates, directors,
officers, shareholders, employees or agents) shall be commenced in the state and federal courts sitting in the City of New York,
Borough of Manhattan (the “New York Courts”). Each party hereto hereby irrevocably submits to the exclusive
jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby
irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to
the jurisdiction of such New York Courts, or such New York Courts are improper or inconvenient venue for such proceeding. Each
party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding
by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the
address in effect for notices to it under this Note and agrees that such service shall constitute good and sufficient service of
process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other
manner permitted by applicable law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable
law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Note or the transactions contemplated
hereby. If any party shall commence an action or proceeding to enforce any provisions of this Note, then the prevailing party in
such action or proceeding shall be reimbursed by the other party for its attorneys’ fees and other costs and expenses incurred
in the investigation, preparation and prosecution of such action or proceeding.

 

e)         Waiver.
No provision of this Note may be waived, modified, supplemented or amended except in a written instrument signed, in the case of
an amendment, by the Company and the Holder or, in the case of a waiver, by the party against whom enforcement of any such waived
provision is sought. No waiver of any default with respect to any provision, condition or requirement of this Note shall be deemed
to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or
requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise
of any such right.

 

f)           Severability.
If any provision of this Note is invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if any
provision is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other Persons and circumstances.
If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury,
the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under
applicable law. The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead,
or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would
prohibit or forgive the Company from paying all or any portion of the principal of or interest on this Note as contemplated herein,
wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Note, and
the Company (to the extent it may lawfully do so) hereby expressly waives all benefits or advantage of any such law, and covenants
that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Holder, but
will suffer and permit the execution of every such power as though no such law has been enacted.

 

    	8

     

    

 

g)         Remedies,
Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Note shall be cumulative
and in addition to all other remedies available under this Note and any of the other Transaction Documents at law or in equity
(including a decree of specific performance and/or other injunctive relief), and nothing herein shall limit the Holder’s
right to pursue actual and consequential damages for any failure by the Company to comply with the terms of this Note.  The
Company covenants to the Holder that there shall be no characterization concerning this instrument other than as expressly provided
herein. Amounts set forth or provided for herein with respect to payments and the like (and the computation thereof) shall be the
amounts to be received by the Holder and shall not, except as expressly provided herein, be subject to any other obligation of
the Company (or the performance thereof). The Company acknowledges that a breach by it of its obligations hereunder will cause
irreparable harm to the Holder and that the remedy at law for any such breach may be inadequate. The Company therefore agrees that,
in the event of any such breach or threatened breach, the Holder shall be entitled, in addition to all other available remedies,
to an injunction restraining any such breach or any such threatened breach, without the necessity of showing economic loss and
without any bond or other security being required. The Company shall provide all information and documentation to the Holder that
is requested by the Holder to enable the Holder to confirm the Company’s compliance with the terms and conditions of this
Note.

 

h)         Next
Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment
shall be made on the next succeeding Business Day.

 

i)           Headings.
The headings contained herein are for convenience only, do not constitute a part of this Note and shall not be deemed to limit
or affect any of the provisions hereof.

 

j)           Use
of Proceeds. The Company shall use the net proceeds from the sale of the Note for working capital and general corporate purposes.
The Company must receive the consent of at least 50.1% in interest of the Notes then outstanding by the Subscribers prior to withdrawing
the Subscribers aggregate subscription amounts from the escrow account.

 

k)         Secured
Obligation. The obligations of the Company under this Note are secured pursuant to the Security Agreement, dated as of the
date hereof between the Company and the Holder.

 

*********************

(Signature Pages Follow)

 

    	9

     

    

 

IN WITNESS WHEREOF, the
Company has caused this Note to be duly executed by a duly authorized officer as of the date first above indicated.

 

	 	SUMMIT SEMICONDUCTOR, inc.
	 	 	 
	 	By: 	
	 	 	Name: Brett Moyer
	 	 	Title: CEO
	 	 
	 	Facsimile No. for delivery of Notices: 408-362-3431

 

    	10

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