Document:

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                                                                   Exhibit 10.27

                                ESCROW AGREEMENT

     This Escrow Agreement (this "Agreement") is entered into on January 20,
2003, by and among AirNet Communications Corporation, a Delaware corporation
(the "Company"), Tandem PCS Investments, L.P., a limited partnership ("Tandem"),
SCP Private Equity Partners II, L.P., a limited partnership ("SCP)"), and Mellon
Ventures, L.P., a limited partnership ("Mellon" and collectively with Tandem and
SCP, the "Holders" and individually, a "Holder"), and Edwards & Angell, LLP, as
escrow agent (the "Escrow Agent").

                                    RECITALS

A.   Pursuant to Section 6(a) of the Series B Convertible Preferred Stock
Certificate of Designation of the Company, each Holder has provided to the
Company notice, in a letter dated as of the date hereof addressed to the Company
(collectively, the "Notices"), of its election to convert the 318,471.33 shares
of Series B Convertible Preferred Stock, $.01 par value (the "Shares"), of the
Company that it holds into a certain number of shares of the Company's common
stock, $.001 par value. Each Notice encloses the stock certificate representing
the Shares (collectively, the "Certificates").

B.   Each Holder has provided a letter (the "Escrow Letter") to the Escrow
Agent, dated as of the date hereof, notifying the Escrow Agent of its intention
to deposit its Notice and Certificate into escrow.

C.   In connection with its Notice, Tandem has executed a General Release in
favor of the Company dated as of the date hereof (the "Release"). The letter
that Tandem has delivered to the Escrow Agent provides that Tandem intends to
deposit the Release into escrow together with its Notice and Certificate.

D.   The Company and the Holders have agreed that the Notices, Certificates and
the Release will be deposited in accordance with the terms of this Agreement.

                                    AGREEMENT

     In consideration of the premises and the mutual agreements and covenants
herein contained and in order to carry out the escrow arrangement contemplated
by the Escrow Letter, the parties hereby agree as follows:

1.   Establishment of Escrow. Immediately following execution of this Agreement
by the parties hereto, each Holder shall deliver its Notice and Certificate and,
in the case of Tandem, the Release (collectively, the "Escrowed Documents") to
the Escrow Agent, and the Escrow Agent shall provide written confirmation of
receipt of the Escrowed Documents to the Company.

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2.   Release of Escrowed Documents. The Escrowed Documents shall remain in
escrow until the earlier to occur of (a) receipt by the Escrow Agent of written
notice signed by the Company and each Holder of the closing of a contemplated
corporate financing of at least U.S. $16,000,000.00 by TECORE, Inc. and SCP, or
affiliates thereof; or (b) 5:00 p.m. EST, Wednesday, April 30, 2003 (the "Escrow
Period").

3.   Return of Escrowed Documents. If the Escrow Agent does not receive a
written notice from the Company and the Holders during the Escrow Period in
accordance with Section 2(a) hereof, the Escrow Agent shall promptly after the
end of the Escrow Period immediately return the Escrowed Documents to the
respective Holders.

4.   Further Instructions. If the Escrow Agent shall be uncertain as to its
duties or rights hereunder, shall receive any notice, advice, direction or other
document from any party with respect to the Escrowed Documents hereunder that,
in its opinion, is in conflict with any of the provisions of this Escrow
Agreement, or should be advised that a dispute has arisen with respect to the
ownership or right of possession of the Escrowed Documents or any part thereof
(or as to the delivery, non-delivery or content of any notice, advice, direction
or other document), then the Escrow Agent shall not deliver the Escrowed
Documents (or any part thereof) to the Company or any Holder or to take any
action unless and until required to do so in: (a) a written notice signed by the
Company and each Holder; or (b) a final order of a court of competent
jurisdiction arising out of a dispute between the parties hereto with respect to
the Escrowed Documents. The Escrow Agent shall also have the right to institute
an interpleader action or proceeding in any court of competent jurisdiction
located in Brevard County, Florida to determine the rights of the parties
hereto.

5.   Counsel to the Company. Each Holder recognizes and acknowledges that the
Escrow Agent is counsel for the Company and that the Escrow Agent has agreed to
serve as Escrow Agent only as a convenience to the parties hereto. The parties
agree that the Escrow Agent may continue to represent the Company in this and
any other transaction or matter including, without limitation, representation in
disputes between the Company and any Holder, disputes concerning the Escrowed
Documents and disputes concerning the Escrow Agent's responsibilities hereunder.

6.   General Terms and Standards Regarding the Escrow Agent.

     Notwithstanding any terms of this Agreement to the contrary, each term of
this Agreement, including without limitation each of the stated duties and
responsibilities of the Escrow Agent set forth herein, shall be subject to the
following terms and conditions:

     (a)  The duties, responsibilities and obligations of the Escrow Agent shall
be limited to those expressly set forth in this Agreement, and no implied
duties, responsibilities or obligations shall be read into this Agreement
against the Escrow Agent. Without limiting the generality of the foregoing, the
Escrow Agent shall have no duty to take action to preserve or exercise rights in
any property held by it hereunder (including, without limitation, against prior
parties or otherwise).

                                      -2-

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     (b) The Escrow Agent shall not be subject to, bound by, charged with notice
of or be required to comply with or interpret any agreement or document other
than this Agreement.

     (c) The Escrow Agent shall in no instance be under any duty to give any
property held by it hereunder any greater degree of care than it gives its own
similar property. The Escrow Agent shall not invest any funds held. In no event
shall the Escrow Agent have any obligation to advance funds.

     (d) The Escrow Agent may rely upon, and shall be protected in acting or
refraining from acting upon, any written notice, instruction, statement,
request, waiver, order, judgment, certification, consent, receipt or other paper
or document furnished to it (not only as to genuineness, but also as to its due
execution and validity, the genuineness of signatures appearing thereon and as
to the truth and accuracy of any information therein contained), which it in
good faith believes to be genuine and signed or presented by the proper person.

     (e) Neither the Escrow Agent nor any of its partners or employees shall be
liable to anyone for any error of judgment, or for any act done or step taken or
omitted to be taken by it or any of its partners or employees, or for any
mistake of fact or law, or for anything which it, or any of its partners or
employees, may do or refrain from doing in connection with or in the
administration of this Agreement, unless and except to the extent the same
constitutes gross negligence or willful misconduct on the part of the Escrow
Agent. In no event shall the Escrow Agent be liable for any indirect,
incidental, punitive, special or consequential damages (as of the date of the
action or omission giving rise to liability).

     (f) The Escrow Agent may consult with, and obtain advice from, legal
counsel (including, without limitation, attorneys of the law firm of Edwards &
Angell, LLP) with respect to any question as to any of the provisions hereof or
its duties hereunder, or any matter relating hereto, and the opinion of such
counsel shall be full and complete authorization and protection in respect of
any action taken, suffered or omitted by the Escrow Agent in good faith in
accordance with the opinion and directions of such counsel.

     (g) The Escrow Agent shall not be deemed to have notice of any fact, claim
or demand with respect hereto unless actually known by an officer charged with
responsibility for administering this Agreement or unless in writing received by
the Escrow Agent pursuant to Section 9 hereof.

     (h) No provision of this Agreement shall require the Escrow Agent to expend
or risk its own funds, or to take any legal or other action hereunder which
might in its judgment involve it in, or require it to incur in connection with
the performance of its duties hereunder, any expense or any financial liability
unless it shall be furnished with indemnification acceptable to it.

     (i) Any permissive right of the Escrow Agent to take any action hereunder
shall not be construed as duty.

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     (j) All indemnifications contained in this Agreement shall survive the
resignation or removal of the Escrow Agent, and shall survive the termination of
this Agreement.

     (k) The Escrow Agent is not responsible for the recitals appearing in this
Agreement. The recitals shall be deemed to be statements of the Company and the
Holders.

     (l) The Escrow Agent has no responsibility for the sufficiency of this
Agreement for any purpose.

     (m) Nothing in this Agreement shall obligate the Escrow Agent to qualify to
do business or act in any jurisdiction in which it is not presently qualified to
do business, or be deemed to impose upon the Escrow Agent the duties of a
trustee. The duties of the Escrow Agent under this Agreement are strictly
ministerial in nature.

     (n) In no event shall the Escrow Agent have any liability for any failure
or inability of the Company to perform or observe its duties under this
Agreement, or by reason of a breach of this Agreement by the Company. In no
event shall the Escrow Agent be obligated to take any action against the Company
to compel performance hereunder.

     (o) The Escrow Agent shall in no instance be obligated to commence,
prosecute or defend any legal proceedings in connection herewith. The Escrow
Agent shall be authorized and entitled, however, in any instance to commence,
prosecute or defend any legal proceedings in connection herewith, including
without limitation any proceeding it may deem necessary to resolve any matter or
dispute or to obtain a necessary declaration of rights.

     (p) Whenever the terms hereof call for any notice or other action on a day
that is not a business day, such notice may be given or such action may be
taken, as the case may be, on the next succeeding business day. As used herein,
"business day" shall mean any day other than a Saturday or Sunday, or any other
day on which the Escrow Agent is closed for business.

     (q) The Escrow Agent shall be reimbursed equally by the parties hereto upon
request for all expenses, disbursements and advances, including reasonable fees
of outside counsel and of all persons not regularly in its employ, if any,
incurred or made by it in connection with the carrying out of its duties under
this Agreement and in connection with any dispute regarding the performance of
its duties hereunder. Notwithstanding the foregoing, the Escrow Agent shall not
impose any fees or other charges on the other parties to this Agreement in
consideration of (i) establishment of the escrow, (ii) deposit of the Escrowed
Documents into escrow or (iii) release of the Escrowed Documents from escrow in
accordance with Sections 1, 2 and 3 hereof.

     (r) The Escrow Agent makes no representation as to the validity, value,
genuineness or collectability of any security or other document or instrument
held by or delivered to it.

     (s) The Escrow Agent shall not be called upon to advise any party as to the
wisdom in selling or retaining, or taking or refraining from taking any action
with respect to any securities or other property deposited hereunder.

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     (t) If at any time the Escrow Agent is served with any judicial or
administrative order, judgment, decree, writ or other form of judicial
administrative process which in any way relates to or affects the Escrowed
Documents, the Escrow Agent is authorized to comply therewith in any manner as
it or its legal counsel deems appropriate; and if the Escrow Agent complies with
any such judicial or administrative order, judgment, decree, writ or other form
of judicial or administrative process, the Escrow Agent shall not be liable to
any of the parties hereto or to any other person or entity notwithstanding that
though such order, judgment, decree, writ or process may be subsequently
modified, annulled, set aside, vacated, found to have been without proper
jurisdiction, or otherwise determined to have been without legal force or
effect.

7.   Indemnification. Each of the Company and each Holder, jointly and
severally, hereby covenants and agrees to indemnify the Escrow Agent for, and to
defend and hold harmless the Escrow Agent from and against, any and every loss,
liability, damage, claim, cost and expense of any nature incurred or suffered by
the Escrow Agent and arising out of or in connection with this Agreement or the
administration of this Agreement or the performance or observance by the Escrow
Agent of its responsibilities or services under this Agreement (including but
not limited to attorneys' fees and other costs and expenses of defending or
preparing to defend against any claim or liability), unless and except to the
extent such loss, liability, damage, cost or expense shall be caused by the
Escrow Agent's own willful misconduct or gross negligence.

8.   Consent to Jurisdiction and Service. The Company and each Holder absolutely
and irrevocably consent and submit to the jurisdiction of the courts of the
State of Delaware and of any Federal court located in Delaware in connection
with any actions or proceedings brought against it arising out of or relating to
this Agreement. In any such action or proceeding, each of the Company and each
Holder hereby absolutely and irrevocably waives personal service of any summons,
complaint, declaration or other process and hereby absolutely and irrevocably
agrees that the service thereof may be made by certified or registered
first-class mail directed to the Company or any Holder, as applicable at its
address in accordance with Section 9 hereof.

9.   Notices. Any notice permitted or required hereunder shall be deemed to have
been duly given if delivered personally, or if telecopied to the parties at
their telecopier number set forth below (with receipt confirmed by telephone) or
if mailed certified or registered mail, postage prepaid, to the parties at their
address set forth below or to such other address as they may hereafter
designate:

If to the Company:         AirNet Communications Corporation
                           3950 Dow Road
                           Melbourne, Florida 32934
                           Attention: Stuart P. Dawley
                           Fax No.: (321) 676-9914

With a copy to:            Edwards & Angell, LLP
                           One North Clematis Street, Suite 400
                           West Palm Beach, Florida 33401

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                           Attention: John G. Igoe, P.A.
                           Fax No.: (561) 655-8719

If to Tandem:              Tandem PCS Investments, L.P.
                           c/o CDP Capital Communications
                           Place Mercantile
                           2001 Avenue McGill College
                           Montreal, Quebec H3A 1G1
                           Canada
                           Attention:  Sebastian Rheaume
                           Fax No: (514) ____ -_____

If to SCP:                 SCP Private Equity Partners II, L.P.
                           c/o SCP Private Equity Partners, L.P.
                           Building 300
                           435 Devon Park Drive
                           Wayne, PA 19087-1945
                           Attention: James W. Brown
                           Fax No.: (610) 975-9546

With a copy to:            Saul Ewing LLP
                           1200 Liberty Ridge Drive
                           Wayne, PA 19087
                           Attention: Spencer W. Franck, Jr.
                           Fax No.: (610) 408-4405

If to Mellon:              Mellon Ventures, L.P.
                           c/o Mellon Ventures, Inc.
                           One Mellon Bank Center
                           Suite 5210
                           Pittsburgh, PA 15258-0001
                           Attention: Paul Cohn
                           Fax No.: (412) 236-3593

If to the Escrow Agent:    Edwards & Angell, LLP
                           One North Clematis Street, Suite 400
                           West Palm Beach, Florida 33401
                           Attention: John G. Igoe
                           Fax No: (561) 655-8719

10.  Binding Effect. This Agreement shall be binding and inure to the benefit of
the respective parties hereby and their respective heirs, executors, successors
and permitted assigns.

11.  Modifications. This Agreement (including any attachments) constitutes the
entire agreement between the Company, the Holders and the Escrow Agent regarding
its terms. This

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Agreement may not be altered or modified without the express written consent of
the parties hereto. No course of conduct shall constitute a waiver of any of the
terms and conditions of this Agreement, unless such waiver is specified in
writing, and then only to the extent so specified. A waiver of any of the terms
and conditions of this Agreement on one occasion shall not constitute a waiver
of the other terms of this Agreement, or of such terms and conditions on any
other occasion.

12.  Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE
LAWS OF THE STATE OF DELAWARE (WITHOUT REGARD TO ITS CONFLICTS OF LAW RULES).

13.  Severability. If any term hereof is determined to be invalid or
unenforceable, such determination shall not affect the remaining terms.

14.  Headings. The headings set forth in this Agreement appear for convenience
only and shall not affect the interpretation of this Agreement.

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

16.  Assignment. No party may assign its rights or entitlements under this
Agreement without the express written consent of the other parties.

17.  Tax Consequences. This Agreement and the transactions contemplated in
connection herewith are intended to represent a "recapitalization" within the
meaning of Section 368(a)(1)(C) of the Internal Revenue Code of 1986, as
amended. The parties agree that they will report the transaction accordingly.

                        [Signatures Appear on Next Page.]

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as a document under seal by their duly authorized officers as of the
day and year first above written.

                                     AIRNET COMMUNICATIONS CORPORATION

                                     By:    /s/ Glenn A. Ehley
                                            ------------------------------------
                                            Glenn A. Ehley, President and CEO

                                     TANDEM PCS INVESTMENTS, L.P.

                                     By:    Life Cycles Holding Co. GP
                                            ------------------------------------
                                     Name:  /s/ Sebastian Rheaume
                                            ------------------------------------
                                     Title: ____________________________________

                                     SCP PRIVATE EQUITY PARTNERS II, L.P.

                                     By: SCP Private Equity II General
                                         Partner, L.P., its general partner
                                     By: SCP Private Equity II, LLC

                                     By:    /s/ James W. Brown
                                            ------------------------------------
                                     Name:  James W. Brown
                                            ------------------------------------
                                     Title: a manager
                                            ------------------------------------

                                     MELLON VENTURES, L.P.

                                     By: MVMA, LP, its General Partner
                                     By: MVMA, Inc., its General Partner

                                     By:    /s/ Paul D. Cohn
                                            ------------------------------------
                                     Name:  Paul D. Cohn
                                            ------------------------------------
                                     Title: Partner
                                            ------------------------------------

                                     EDWARDS & ANGELL, LLP

                                     By:    /s/ John G. Igoe, P.A.
                                            ------------------------------------
                                     Name:  John G. Igoe, P.A., Partner
                                            -------------------

                                      -8-<PAGE>

                                                                   Exhibit 10.28

                     TECHNOLOGY COLLATERAL ESCROW AGREEMENT

                                 Account Number

This agreement ("Agreement") is effective January 24, 2003 among DSI Technology
Escrow Services, Inc. ("DSI"), AirNet Communications Corporation ("Depositor")
and TECORE, Inc. ("TECORE") and SCP Private Equity Partners, II, LP ("SCP II")
(TECORE and SCP II are referred to collectively as the "Beneficiaries" and
individually as a "Beneficiary"), all of whom may collectively may be referred
to in this Agreement as the "Parties".

A. One or about the date hereof, Depositor and Beneficiaries have entered or
will enter into a Bridge Loan Agreement, Bridge Promissory Note, Security
Agreement and/or other agreement(s) (collectively referred to in this Agreement
as "the Collateral Agreement") regarding certain proprietary technology of
Depositor.

B. Depositor desires to avoid disclosure of its proprietary technology except
under certain limited circumstances.

C. The availability of the collateral, the proprietary technology of Depositor,
is critical to Beneficiaries in the conduct of their respective businesses and
in the performance of the Collateral Agreement. Therefore, Beneficiaries need
access to the proprietary technology under certain limited circumstances.

D. Depositor and Beneficiaries desire to establish an escrow with DSI to provide
for the retention, administration and controlled access of the proprietary
technology materials of Depositor.

E. The parties desire this Agreement to be supplementary to the Collateral
Agreement pursuant to 11 United States [Bankruptcy] Code, Section 365(n).

ARTICLE 1  --  DEPOSITS

1.1 Obligation to Make Deposit. Depositor shall deliver to DSI the proprietary
technology and other materials identified on Exhibit A (collectively, "Deposit
Materials"), which is to be prepared and signed by Depositor and each
Beneficiary, as follows: (a) Depositor shall deliver each of the items described
in Section 1(a) of Exhibit A no later than five (5) business days after the date
of this Agreement; and (b) Depositor shall deliver each of the items described
in Sections 1(b) through Section 1(f) of Exhibit A no later than fourteen (14)
days after the date of this Agreement. DSI shall have no obligation with respect
to the preparation, signing or delivery of Exhibit A.

1.2 Identification of Tangible Media. Prior to the delivery of the Deposit
Materials to DSI, Depositor shall conspicuously label for identification each
document, magnetic tape, disk, or other tangible media upon which the Deposit
Materials are written or stored. Additionally, Depositor shall complete one copy
of Exhibit B to this Agreement per deposit by listing each such tangible media
by the item label description, the type of media and the quantity. Each copy of
Exhibit B must be signed by Depositor and delivered to DSI with the Deposit
Materials. Unless and until

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Depositor makes the initial deposit with DSI, DSI shall have no obligation with
respect to this Agreement, except the obligation to notify the parties regarding
the status of the deposit account as required in Section 2.2 below.

1.3  Deposit Inspection. When DSI receives the Deposit Materials and the Exhibit
B, DSI will conduct a deposit inspection by visually matching the labeling of
the tangible media containing the Deposit Materials to the item descriptions and
quantity listed on the Exhibit B. In addition to the deposit inspection, either
Beneficiary may elect to cause a verification of the Deposit Materials in
accordance with Section 1.6(b) below.

1.4  Acceptance of Deposit. At completion of the deposit inspection, if DSI
determines that the labeling of the tangible media matches the item descriptions
and quantity on Exhibit B, DSI will date and sign the Exhibit B and mail a copy
thereof to Depositor and each Beneficiary. If DSI determines that the labeling
does not match the item descriptions or quantity on the Exhibit B, DSI will (a)
note the discrepancies in writing on the Exhibit B; (b) date and sign the
Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to
Depositor and each Beneficiary. DSI's acceptance of the deposit occurs upon the
signing of the Exhibit B by DSI. Delivery of the signed Exhibit B to each
Beneficiary is such Beneficiary's notice that the Deposit Materials have been
received and accepted by DSI.

1.5  Depositor's Representations. Depositor represents as follows:

     a.   Depositor lawfully possesses all of the Deposit Materials deposited
          with DSI;

     b.   With respect to all of the Deposit Materials, Depositor has the right
          and authority to grant to DSI and Beneficiaries the rights as provided
          in this Agreement;

     c.   The Deposit Materials are subject only to the lien or other
          encumbrance specified in the Collateral Agreement;

     d.   The Deposit Materials consist of the proprietary technology and other
          materials identified either in the Collateral Agreement or Exhibit A,
          as the case may be; and

     e.   The Deposit Materials are readable and useable in their current form
          or, if any portion of the Deposit Materials is encrypted, the
          decryption tools and decryption keys have also been deposited.

1.6  Verification.

     a. DSI shall perform a Level I verification of the Deposit Materials upon
the initial deposit and for each update, meaning that DSI will cause a
technically qualified DSI employee to evaluate the initial Deposit Materials and
each update in order to ensure that all necessary information to run software
code has been included in the Deposit Materials. Without limiting the generality
of the foregoing, this means that DSI will identify: (i) the hardware and
software configurations reasonably necessary to maintain the Deposit Materials;
(b) the hardware and software configurations reasonably necessary to compile the
Deposit Materials; and (c) the compilation instructions. DSI will then prepare
and deliver to Depositor and each of the Beneficiaries a report describing the
information so identified, plus media functionality and virus

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scanning results, program content confirmation, identification of third-party
libraries, potential obstructions, and recommendations for ensuring a complete
deposit. It shall be the responsibility of the Depositor, and not DSI, to ensure
that the Deposit Materials contain the information so identified in DSI's
report, as well as any other information that may be required in the Collateral
Agreement.

     b. In addition to the Level I verifications which are required by Section
1.6(a), each of the Beneficiaries shall have the right, at such Beneficiary's
expense, to cause higher level verifications of any Deposit Materials. Each
requesting Beneficiary shall notify Depositor and DSI of such Beneficiary's
request for verification. Depositor shall have the right to be present at the
verification. A verification determines, in different levels of detail, the
accuracy, completeness, sufficiency and quality of the Deposit Materials. If a
verification is elected after the Deposit Materials have been delivered to DSI,
then only DSI, or at DSI's election an independent person or company selected
and supervised by DSI, may perform the verification.

1.7  Deposit Updates. Unless otherwise provided by the Collateral Agreement,
Depositor shall update the Deposit Materials within 60 days of each release or
development of a new version of the product or technology which is subject to
the Collateral Agreement. Such updates will be added to the existing deposit.
All deposit updates shall be listed on a new Exhibit B and the new Exhibit B
shall be signed by Depositor. Each Exhibit B will be held and maintained
separately within the escrow account. An independent record will be created
which will document the activity for each Exhibit B. The processing of all
deposit updates shall be in accordance with Sections 1.2 through 1.6 above. All
references in this Agreement to the Deposit Materials shall include the initial
Deposit Materials and any updates.

1.8  Removal of Deposit Materials. The Deposit Materials may be removed and/or
exchanged only on written instructions signed by Depositor and each Beneficiary,
or as otherwise provided in this Agreement.

ARTICLE 2  -- CONFIDENTIALITY AND RECORD KEEPING

2.1  Confidentiality. DSI shall maintain the Deposit Materials in a secure,
environmentally safe, locked facility which is accessible only to authorized
representatives of DSI. DSI shall have the obligation to reasonably protect the
confidentiality of the Deposit Materials. Except as provided in this Agreement,
DSI shall not disclose, transfer, make available, or use the Deposit Materials.
DSI shall not disclose the content of this Agreement to any third party. If DSI
receives a subpoena or other order of a court or other judicial tribunal
pertaining to the disclosure or release of the Deposit Materials, DSI will
immediately notify the parties to this Agreement unless prohibited by law. It
shall be the responsibility of Depositor and/or Beneficiaries to challenge any
such order; provided, however, that DSI does not waive its rights to present its
position with respect to any such order. DSI will not be required to disobey any
court or other judicial tribunal order. (See Section 7.5 below for notices of
requested orders.)

2.2  Status Reports. DSI will issue to Depositor and each Beneficiary a report
profiling the account history at least semi-annually. DSI may provide copies of
the account history pertaining to this Agreement upon the request of any party
to this Agreement.

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2.3  Audit Rights. During the term of this Agreement, Depositor and each
Beneficiary shall each have the right to inspect the written records of DSI
pertaining to this Agreement. Any inspection shall be held during normal
business hours and following reasonable prior notice.

ARTICLE 3  --  GRANT OF RIGHTS TO DSI

3.1  Title to Media. Depositor hereby transfers to DSI the title to the media
upon which the proprietary technology and materials are written or stored.
However, this transfer does not include the ownership of the proprietary
technology and materials contained on the media such as any copyright, trade
secret, patent or other intellectual property rights.

3.2  Right to Make Copies. DSI shall have the right to make copies of the
Deposit Materials as reasonably necessary to perform this Agreement. DSI shall
copy all copyright, nondisclosure, and other proprietary notices and titles
contained on the Deposit Materials onto any copies made by DSI. With all Deposit
Materials submitted to DSI, Depositor shall provide any and all instructions as
may be necessary to duplicate the Deposit Materials including but not limited to
the hardware and/or software needed.

3.3  Right to Transfer Upon Release. Depositor hereby grants to DSI the right to
transfer the Deposit Materials to both Beneficiaries upon any release of the
Deposit Materials for use by each Beneficiary in accordance with Section 4.3.
Except upon such a release or as otherwise provided in this Agreement, DSI shall
not transfer the Deposit Materials.

ARTICLE 4  -- RELEASE OF DEPOSIT

4.1  Release Conditions. As used in this Agreement, "Release Condition" shall
mean the following:

     a.   The occurrence of an Event of Default; or

     b.   Depositor's failure to continue to do business in the ordinary course.

4.2  Release. If either Beneficiary believes in good faith that a Release
Condition has occurred, such Beneficiary may provide to DSI an affidavit, from
an officer, certifying the occurrence of the Release Condition and a request for
the release of the Deposit Materials. Upon receipt of such affidavit, DSI is
authorized and shall release the Deposit Materials to each of the Beneficiaries.
DSI shall not be required to inquire into the truth of the affidavit or evaluate
the merit of the affidavit. DSI may not refuse to deliver the Deposit Material.
DSI shall provide Depositor with a copy of the requesting Beneficiary's
affidavit and notice of DSI's delivery of the Deposit Materials to each of the
Beneficiaries. This Agreement will terminate upon the release of the Deposit
Materials held by DSI.

4.3  Right to Use Following Release. Unless otherwise provided in the Collateral
Agreement, upon release of the Deposit Materials in accordance with this Article
4, each of the Beneficiaries shall have the right to use the Deposit Materials,
as provided in the Collateral Agreement, for the sole purpose of exercising the
rights and benefits afforded to such Beneficiary by the Collateral Agreement.
Subject to each Beneficiary's right to sell and/or license the Deposit Materials
in

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order to satisfy Depositor's obligations to Beneficiaries under the Collateral
Agreement, Beneficiaries shall be obligated to maintain the confidentiality of
the released Deposit Materials.

ARTICLE 5  --  TERM AND TERMINATION

5.1  Term of Agreement. The initial term of this Agreement is for a period of
one year. Thereafter, this Agreement shall automatically renew from year-to-year
unless (a) Depositor and each of the Beneficiaries jointly instruct DSI in
writing that the Agreement is terminated; or (b) the Agreement is terminated by
DSI for nonpayment in accordance with Section 5.2.

5.2  Termination for Nonpayment. In the event of the nonpayment of fees owed to
DSI, DSI shall provide written notice of delinquency to all parties to this
Agreement. Any party to this Agreement shall have the right to make the payment
to DSI to cure the default. If the past due payment is not received in full by
DSI within one month of the date of such notice, then DSI shall have the right
to terminate this Agreement at any time thereafter by sending written notice of
termination to all parties. DSI shall have no obligation to take any action
under this Agreement so long as any payment due to DSI remains unpaid.

5.3  Disposition of Deposit Materials Upon Termination. Upon termination of this
Agreement, DSI shall destroy, return, or otherwise deliver the Deposit Materials
in accordance with Depositor's instructions. If there are no instructions, DSI
may, at its sole discretion, destroy the Deposit Materials or return them to
Depositor. DSI shall have no obligation to return or destroy the Deposit
Materials if the Deposit Materials are subject to another escrow agreement with
DSI.

5.4  Survival of Terms Following Termination. Upon termination of this
Agreement, the following provisions of this Agreement shall survive:

     a.   Depositor's Representations (Section 1.5);

     b.   The obligations of confidentiality with respect to the Deposit
          Materials;

     c.   The rights granted in the sections entitled Right to Transfer Upon
          Release (Section 3.3) and Right to Use Following Release (Section
          4.5), if a release of the Deposit Materials has occurred prior to
          termination;

     d.   The obligation to pay DSI any fees and expenses due;

     e.   The provisions of Article 7; and

     f.   Any provisions in this Agreement which specifically state they survive
          the termination or expiration of this Agreement.

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ARTICLE 6  --  DSI'S FEES

6.1  Fee Schedule. DSI is entitled to be paid its standard fees and expenses
applicable to the services provided. Depositor shall pay all such fees hereunder
to DSI, and DSI shall notify Depositor of DSI's fees at least 60 days prior to
any increase in fees. For any service not listed on DSI's standard fee schedule,
DSI will provide a quote prior to rendering the service, if requested.

6.2  Payment Terms. DSI shall not be required to perform any service unless the
payment for such service and any outstanding balances owed to DSI are paid in
full. Fees are due upon receipt of a signed contract or receipt of the Deposit
Materials whichever is earliest. If invoiced fees are not paid, DSI may
terminate this Agreement in accordance with Section 5.2. Late fees on past due
amounts shall accrue interest at the rate of one and one-half percent per month
(18% per annum) from the date of the invoice.

ARTICLE 7  --  LIABILITY AND DISPUTES

7.1  Right to Rely on Instructions. DSI may act in reliance upon any
instruction, instrument, or signature reasonably believed by DSI to be genuine.
DSI may assume that any employee of a party to this Agreement who gives any
written notice, request, or instruction has the authority to do so. DSI shall
not be responsible for failure to act as a result of causes beyond the
reasonable control of DSI. DSI will not be required to inquire into the truth,
or evaluate the merit, of any statement or representation contained in any
notice or document.

7.2  Indemnification. Depositor and Beneficiaries each agree to indemnify,
defend and hold harmless DSI from any and all claims, actions, damages,
arbitration fees and expenses, costs, attorney's fees and other liabilities
("Liabilities") incurred by DSI relating in any way to this escrow arrangement
except to the extent such Liabilities were caused by the negligence or willful
conduct of DSI.

7.3  Dispute Resolution. Any dispute relating to or arising from this Agreement
shall be resolved by arbitration under the Commercial Rules of the American
Arbitration Association. Three arbitrators shall be selected. The Depositor and
each Beneficiary shall each select one arbitrator. However, if DSI is a party to
the arbitration, the Beneficiaries shall jointly select one arbitrator, and DSI
shall select the third arbitrator. Unless otherwise agreed by Depositor and
Beneficiaries, arbitration will take place in Wilmington, Delaware, U.S.A. Any
court having jurisdiction over the matter may enter judgment on the award of the
arbitrator(s). Service of a petition to confirm the arbitration award may be
made by First Class mail or by commercial express mail, to the attorney for the
party or, if unrepresented, to the party at the last known business address.

7.4  Controlling Law. This Agreement is to be governed and construed in
accordance with the laws of the State of Delaware, without regard to its
conflict of law provisions.

7.5  Notice of Requested Order. If any party intends to obtain an order from the
arbitrator or any court of competent jurisdiction which may direct DSI to take,
or refrain from taking any action, that party shall:

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     a.   Give DSI at least two business days' prior notice of the hearing;

     b.   Include in any such order that, as a precondition to DSI's obligation,
          DSI be paid in full for any past due fees and be paid for the
          reasonable value of the services to be rendered pursuant to such
          order; and

     c.   Ensure that DSI not be required to deliver the original (as opposed to
          a copy) of the Deposit Materials if DSI may need to retain the
          original in its possession to fulfill any of its other duties.

ARTICLE 8  --  GENERAL PROVISIONS

8.1  Entire Agreement. This Agreement, which includes the Exhibits described
herein, embodies the entire understanding among the parties with respect to its
subject matter and supersedes all previous communications, representations or
understandings, either oral or written. DSI is not a party to any of the
documents which constitute the Collateral Agreement between Depositor and
Beneficiaries and has no knowledge of any of the terms or provisions of any such
Collateral Agreement. DSI's only obligations to Depositor or Beneficiaries are
as set forth in this Agreement. No amendment or modification of this Agreement
shall be valid or binding unless signed by all the parties hereto, except that
Exhibit A need not be signed by DSI, Exhibit B need not be signed by
Beneficiaries and Exhibit C need not be signed.

8.2  Notices. All notices, invoices, payments, deposits and other documents and
communications shall be given to the parties at the addresses specified in the
attached Exhibit C. It shall be the responsibility of the parties to notify each
other as provided in this Section in the event of a change of address. The
parties shall have the right to rely on the last known address of the other
parties. Unless otherwise provided in this Agreement, all documents and
communications may be delivered by First Class mail.

8.3  Severability. In the event any provision of this Agreement is found to be
invalid, voidable or unenforceable, the parties agree that unless it materially
affects the entire intent and purpose of this Agreement, such invalidity,
voidability or unenforceability shall affect neither the validity of this
Agreement nor the remaining provisions herein, and the provision in question
shall be deemed to be replaced with a valid and enforceable provision most
closely reflecting the intent and purpose of the original provision.

8.4  Successors. This Agreement shall be binding upon and shall inure to the
benefit of the successors and assigns of the parties. However, DSI shall have no
obligation in performing this Agreement to recognize any successor or assign of
Depositor or of either Beneficiary unless DSI receives clear, authoritative and
conclusive written evidence of the change of parties.

8.5  Regulations. Depositor and Beneficiaries are responsible for and warrant
compliance with all applicable laws, rules and regulations, including but not
limited to customs laws, import, export, and re-export laws and government
regulations of any country from or to which the Deposit Materials may be
delivered in accordance with the provisions of this Agreement.

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AirNet Communications Corporation        TECORE, Inc.
Depositor                                Beneficiary

By: /s/ Glenn A. Ehley                   By: /s/ Jay Salkini
   ---------------------------------        -----------------------------------
Name: Glenn A. Ehley                     Name: Jay Salkini
     -------------------------------          ---------------------------------
Title: President and Chief Executive     Title: President and Chief Executive
       Officer                                  Officer
      ------------------------------           --------------------------------
Date: January 24, 2003                   Date: January 24, 2003
     -------------------------------          ---------------------------------

DSI Technology Escrow Services, Inc.     SCP Private Equity Partners, II, LP
                                         Beneficiary

                                         By: SCP Private Equity II General
                                             Partner, L.P., its general partners

                                         By: SCP Private Equity II, LLC

By:_________________________________     By: /s/ James W. Brown
                                            -----------------------------------
Name:_______________________________     Name: James W. Brown
                                              ---------------------------------
Title:______________________________     Title: a Manager
                                               --------------------------------
Date:_______________________________     Date: January 24, 2003
                                              ---------------------------------

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                                    EXHIBIT A

                            MATERIALS TO BE DEPOSITED

                                 Account Number

1.   Description of Deposit Materials. Depositor represents to Beneficiaries
that, at a minimum, Deposit Materials delivered to DSI shall consist of the
following:

     a. Copies of the object code and source code for: (i) version 3.2.1 of
AirNet BSS Software; (ii) the most current version of "Adaptive Array"; (iii)
the most current version of "Wildfire II"; (iv) the most current version of
AdaptaCell; (v) the most current version of AirSite Backhaul Free Base Station
software; (vi) the most current version of GPRS software; (vii) the most current
version of OMC-R software; (viii) the most current version of BSC software; and
(ix) the most current version of TRAU software.

     b. The name of each third-party software application and hardware
application used with the software described above in subsection 1(a) of this
Exhibit A. Each such third-party item shall be identified by version, supplier
and purpose.

     c. Copies of all pending, but unpublished, patent applications.

     d. Designs for all versions of every hardware product offered for sale or
license by AirNet, whether manufactured by AirNet or by a third party on behalf
of AirNet.

     e. Manufacturing instructions for every AirNet product.

     f. All other information which would be necessary to enable a purchaser of
all of Depositor's assets to carry on development, manufacturing, sales and
support of Depositor's entire product line.

2.   Definitions. As used in this Agreement, the following terms have the
following meanings:

     a. "Object Code" means the compiled, binary, machine-readable version of a
software product

     b. "Source Code" means the original, uncompiled, raw form of software, or
any translation or modification of such software which substantially preserves
its original identity, together with: (a) all existing documentation,
proprietary information and technical documentation which will enable a
reasonably skilled software engineer(s) to maintain and enhance the software
product without the aid of the developer or any other person or reference to any
other materials; (b) any and all maintenance tools (test programs and program
specifications), toolkits and proprietary or third party systems utilities
(compiler and assembler descriptions) and make files for the software product;
(c) a description of the software product's system/program generation; and (d)
specifications for all hardware and software required for use and/or support of
the software product.

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AirNet Communications Corporation          TECORE, Inc.
Depositor                                  Beneficiary
By: /s/ Glenn A. Ehley                     By: /s/ Jay Salkini
   -----------------------------------        ---------------------------------
Name: Glenn A. Ehley                       Name: Jay Salkini
     ---------------------------------          -------------------------------
Title: President and Chief Executive       Title: President and Chief Executive
       Officer                                    Officer
      --------------------------------           ------------------------------
Date: January 24, 2003                     Date: January 24, 2003
     ---------------------------------          -------------------------------

SCP Private Equity Partners, II, LP
Beneficiary

By: SCP Private Equity II General Partner,
L.P., its general partner

By: SCP Private Equity II, LLC

By: /s/ James W. Brown
   -----------------------------------
Name: James W. Brown
     ---------------------------------
Title: a Manager
      --------------------------------
Date: January 24, 2003
     ---------------------------------
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<PAGE>

                                    EXHIBIT B

                        DESCRIPTION OF DEPOSIT MATERIALS

Depositor Company Name  AirNet Communications Corporation
                        --------------------------------------------------------
Account Number _________________________________________________________________

Product Name _______________________________________ Version ___________________
(Product Name will appear as the Exhibit B Name on Account History report)

DEPOSIT MATERIAL DESCRIPTION:

Quantity      Media Type & Size        Label Description of Each Separate Item

______        Disk 3.5" or ____

______        DAT tape ____mm

______        CD-ROM

______        Data cartridge tape ____

______        TK 70 or ____ tape

______        Magnetic tape ____

______        Documentation

______        Other ______________________

PRODUCT DESCRIPTION:
Environment ____________________________________________________________________

DEPOSIT MATERIAL INFORMATION:
Is the media encrypted? Yes / No If yes, please include any passwords and the
decryption tools.
Encryption tool name____________________________________Version_________________
Hardware required_______________________________________________________________
Software required_______________________________________________________________
Other required information _____________________________________________________

<TABLE>
<S>                                                             <C>
I certify for Depositor that the above described                DSI has inspected and accepted
the above Deposit Materials have been transmitted to DSI:       materials (any exceptions are noted above):

Signature ______________________                                Signature_________________________________
Print Name______________________                                Print Name________________________________
Date____________________________                                Date Accepted_____________________________
                                                                Exhibit B#________________________________
</TABLE>

Send materials to: DSI, 9265 Sky Park Court, Suite 202, San Diego, CA 92123
(858) 499-1600

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<PAGE>

                                                                       EXHIBIT C

                               DESIGNATED CONTACT

                                 Account Number

Notices, Deposit Material returns and
communications to Depositor                     Invoices to Depositor should be
should be addressed to:                         addressed to:

Company Name: AirNet Communications             same as in left column
              Corporation
Address:   3950 Dow Road
           Melbourne, Florida 32934
Contact: Stuart P. Dawley, Vice President and General Counsel
Telephone: 321-953-6780
Facsimile: 321-676-9914

Notices and communications to Beneficiaries     Invoices to Beneficiaries should
should be addressed to:                         be addressed to:

Beneficiary #1:

Company Name: TECORE, Inc.                      same as in left column
Address: 7165 Columbia Gateway Drive
         Columbia, Maryland 21406
Contact: Jay Salkini, President
Telephone: 410.872.6001
Facsimile: 410.872.6010

Beneficiary #2:

Company Name: SCP Private Equity                same as in left column
              Partners II, L.P.
Address: 300 Building, 435 Devon Park Drive
         Wayne, PA 19087
Contact:   James W. Brown
           --------------------------------
Telephone: 610-995-2900
           --------------------------------
Facsimile: 610-975-9546
           --------------------------------

Requests from Depositor or Beneficiaries to change the designated contact should
be given in writing by the designated contact or an authorized employee of
Depositor or Beneficiaries.

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<PAGE>

<TABLE>
<S>                                             <C>
Contracts, Deposit Materials and notices to     Invoice inquiries and fee remittances
DSI should be addressed to:                     to DSI should be addressed to:

DSI Technology Escrow Services. Inc.            DSI Technology Escrow Services, Inc.
Contract Administration                         Accounts Receivable
9265 Sky Park Court, Suite 202                  PO Box 45156
San Diego, CA  92123                            San Francisco, CA 94145-0156

Telephone:  (858) 499-1600                      (858) 499-1636
Facsimile:  (858) 694-1919                      (858) 499-1637
</TABLE>

Page 13

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