Document:

Exhibit 10.6

 

FORM OF PATENT SECURITY AGREEMENT

 

This PATENT SECURITY AGREEMENT (this "Patent
Security Agreement") is entered into as of March [__], 2020 by and between SUMMIT WIRELESS TECHNOLOGIES, INC.,
a Delaware corporation (the "Grantor") and [__________] (the "Secured Party").

 

WHEREAS, (a)
the Grantor and the Secured Party have entered into that certain Securities Purchase Agreement dated as of the date hereof (as
amended and in effect from time to time, the "SPA") and (b) the Grantor has issued to the Secured Party that certain
Senior Secured Convertible Promissory Note dated as of the date hereof (as amended and in effect from time to time, the "Note");

 

WHEREAS, in
connection with the SPA and the Note, the Grantor has entered into that certain Security Agreement dated as of the date hereof
(as amended and in effect from time to time, the "Security Agreement") with the Secured Party pursuant to which
the Grantor has granted a lien in favor of the Secured Party in all of the Grantor's assets (including the Patent Collateral) to
secure its obligations under the Guaranty; and

 

WHEREAS, in
connection with the Security Agreement, the Grantor has agreed to execute and deliver this Patent Security Agreement in order to
record the security interest granted to the Secured Party with the United States Patent and Trademark Office;

 

NOW, THEREFORE,
in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Grantor hereby agrees as follows:

 

SECTION 1. Defined
Terms. Unless otherwise defined herein, capitalized terms defined in the Security Agreement and used herein have the meaning
given to them in the Security Agreement. The term "Patents" means, collectively, (a) all of the patent and patent
applications, whether United States or foreign, that are owned by the Grantor, or in which the Grantor has any right, title or
interest, now or in the future, including but not limited to (i) the patents and patent applications listed on Schedule I hereto
(as the same may be amended pursuant hereto from time to time), (ii) all letters patent of the United States or any other country,
and all applications for letters patent of the United States or any other country; (iii) all re-issues, continuations, divisions,
continuations-in-part, renewals or extensions thereof; (iv) the inventions disclosed or claimed therein, including the right to
make, use, practice and/or sell (or license or otherwise transfer or dispose of) the inventions disclosed or claimed therein; and
(v) the right (but not the obligation) to make and prosecute applications for such patents, (b) all past, present or future rights
in, to and associated with the foregoing throughout the world, whether arising under federal law, state law, common law, foreign
law or otherwise, including the following: all such rights arising out of or associated with the registrations of the foregoing
items set forth in clause (a), the right (but not the obligation) to register claims under any state, federal or foreign patent
law or regulation; the right (but not the obligation) to sue or bring opposition or cancellation proceedings in the name of the
Grantor or the Secured Party for any and all past, present and future infringements or dilution of or any other damages or injury
to the foregoing or any associated goodwill, and the rights to damages or profits due or accrued arising out of or in connection
with any such past, present or future infringement, dilution, damage or injury; and (c) any license rights related to the foregoing.

 

     

     

    

 

SECTION 2. Grant
of Security Interest in Patent Collateral. The Grantor hereby pledges, collaterally assigns and grants to the Secured Party
to secure the prompt and complete payment and performance of the Obligations, a security interest (referred to in this Patent Security
Agreement as the "Security Interest") in all of the Grantor's right, title and interest in, to and under the following,
whether now owned or hereafter acquired or arising (collectively, the "Patent Collateral"):

 

(a)   
all of its Patents and licenses with respect to Patents to which it is a party including those referred to on Schedule I;

 

(b)   
each license with respect to Patents; and

 

(c)    all
products and proceeds (as that term is defined in the UCC) of the foregoing, including any claim by the Grantor against third
parties for past, present or future (i) infringement or dilution of any Patent or any Patents exclusively licensed under any
license, including right to receive any damages, or (ii) right to receive license fees, royalties, and other compensation
under any license with respect to Patents.

 

SECTION
3. Security for Obligations. This Patent Security Agreement and the Security Interest created hereby secures the payment
and performance of the Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing,
this Patent Security Agreement secures the payment of all amounts which constitute part of the Obligations and would be owed by
the Grantor to the Secured Party, whether or not they are unenforceable or not allowable due to the existence of an insolvency
proceeding involving the Grantor.

 

SECTION
4. Security Agreement. The Security Interest granted pursuant to this Patent Security Agreement is granted in conjunction
with the security interests granted to the Secured Party pursuant to the Security Agreement. The Grantor hereby acknowledges and
affirms that the rights and remedies of the Secured Party with respect to the Security Interest in the Patent Collateral made and
granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference
herein as if fully set forth herein. To the extent there is any inconsistency between this Patent Security Agreement and the Security
Agreement, the Security Agreement shall control.

 

SECTION
5. Authorization to Supplement. If the Grantor shall obtain rights to any new Patents, the provisions of this Patent Security
Agreement shall automatically apply thereto. The Grantor hereby authorizes the Secured Party unilaterally to modify this Patent
Security Agreement by amending Schedule I to include any such new patent rights of the Grantor. Notwithstanding the foregoing,
no failure to so modify this Patent Security Agreement or amend Schedule I shall in any way affect, invalidate or detract
from the Secured Party's continuing security interest in all Collateral (including the Patent Collateral), whether or not listed
on Schedule I.

 

SECTION 6. Counterparts.
This Patent Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument,
and any party hereto may execute this Patent Security Agreement by signing and delivering one or more counterparts.

 

SECTION 7. Governing
Law. This Patent Security Agreement and any claims, controversy, dispute or cause of action (whether in contract or tort or
otherwise) based upon, arising out of or relating to this Patent Security Agreement and the transactions contemplated hereby shall
be governed by, and construed in accordance with, the law of the State of New York.

 

[signature pages follow]

 

     

     

    

 

IN WITNESS WHEREOF,
the Grantor has caused this Patent Security Agreement to be executed and delivered by its duly authorized offer as of the date
first set forth above.

 

 

	GRANTOR:	SUMMIT WIRELESS TECHNOLOGIES, INC.
	 	 	 
	 	 	 
		By:	
		 	Name:	 Brett Moyer
		 	Title:	Chief Executive Officer 

 

 

Accepted and Agreed:

[_________], as Secured Party

By: [__________]

 

By: _________________________

Title:

 

     

     

    

 

SCHEDULE I

to

PATENT SECURITY AGREEMENT

PATENT REGISTRATIONS AND PATENT APPLICATIONSExhibit 10.7

 

FORM OF PLEDGE AGREEMENT

 

This PLEDGE AGREEMENT
(this "Agreement") is made as of March [__], 2020, by and between Summit
Wireless Technologies, Inc., a Delaware corporation (the "Company") and [________] (the
 "Secured Party").

 

WHEREAS, the
Company (a) and the Secured Party have entered into that certain Securities Purchase Agreement dated as of the date hereof (as
amended and in effect from time to time, the "SPA") and (b) has issued to the Secured Party that certain Senior
Secured Convertible Promissory Note dated as of the date hereof (as amended and in effect from time to time, the "Note");
and

 

WHEREAS, the
Company is the direct legal and beneficial owner of all of the issued and outstanding shares of each class of the equity interests
of WiSA, LLC, a Delaware limited liability company (the "Subsidiary"); and

 

WHEREAS, the
Company has granted to the Secured Party a security interest in and lien on substantially all of its assets in order to secure
the payment and performance of the Obligations (as such term is defined in the Security Agreement) pursuant to the terms of a Security
Agreement dated as of the date hereof between the Company and the Secured Party (as amended and in effect from time to time, the
 "Security Agreement"); and

 

WHEREAS, it
is a condition precedent to the Secured Party agreeing to make loans or otherwise extend credit to the Company under the SPA and
the Note that the Company execute and deliver to the Secured Party a pledge agreement in substantially the form hereof; and

 

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

 

1.  Pledge.  

 

1.1.  Pledge
of Securities.  

 

(a) The Company hereby
ratifies and affirms the grant of security interests made pursuant to the Security Agreement, and (b) in addition, the Company
hereby pledges, assigns, grants a security interest in, and delivers to the Secured Party, all of the limited liability company
interest, membership units or other units of equity ownership of every class of the Subsidiary now owned or hereafter acquired
by the Company, as more fully described on Annex A hereto, hereto, including without limitation, (a) all payments
or distributions, whether in cash, property or otherwise, at any time owing or payable to the Company on account of its interest
as a member in the Subsidiary, (b) all of the Company's rights and interest under the operating agreement or other organizational
documents of the Subsidiary, including all voting and management rights and rights to grant or withhold consents or approvals;
(c) all rights of access and inspection to and use of all books and records, including computer software and computer software
programs, of the Subsidiary, (d) all other rights, interests, property or claims to which the Company may be entitled in its capacity
as the sole member of the Subsidiary, and (e) all proceeds, income from, increases in and products of any of the foregoing. The
certificates for such membership units or other units of equity ownership of every class, to the extent that such interests are
represented by certificates, accompanied by appropriate instruments of assignment thereof duly executed in blank by the Company,
have been delivered to the Secured Party.

 

     

     

    

 

1.2.  Additional
Securities.  

 

The Subsidiary agrees
that it shall not authorize or issue any additional units or other interests of the Subsidiary after the date hereof without the
prior written consent of the Secured Party, and the Company agrees it will not permit the Subsidiary to authorize or issue any
additional equity interests after the date hereof without the prior written consent of the Secured Party. In case the Company shall
acquire any additional equity interests of the Subsidiary or any corporation or other entity which is the successor of the Subsidiary,
or any securities exchangeable for or convertible into shares of such equity interests of any class of the Subsidiary, whether
by purchase, dividend, split or otherwise, then such shares or other securities shall be subject to the pledge, assignment and
security interest granted to the Secured Party under this Agreement and the Company shall deliver to the Secured Party forthwith
any certificates therefor, accompanied by stock powers or other appropriate instruments of assignment duly executed by the Company
in blank. The Company agrees that the Secured Party may from time to time attach as Annex A hereto an updated
list of the shares of capital stock or securities at the time pledged with the Secured Party hereunder.

 

1.3.  Pledge
of any account into which cash collateral is held.  

 

The
Company also hereby pledges, assigns, grants a security interest in, and delivers to the Secured Party, any account into which
any Cash Collateral is deposited and all of the Cash Collateral as such terms are hereinafter defined.

 

1.4.  Waiver
of Operating Agreement Restrictions.  

 

The
Company irrevocably waives any and all provisions of the Operating Agreement or other organizational document of the Subsidiary
that (a) prohibit, restrict, condition or otherwise affect the grant hereunder of any Lien on any of the Securities Collateral
or any enforcement action which may be taken in respect of any such Lien; or (b) otherwise conflict with the terms of this Agreement.

 

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2.  Definitions.  The
term "Obligations" and all other capitalized terms used herein without definition shall have the respective meanings
provided therefor in the Security Agreement. Terms used herein and not defined in the Security Agreement or otherwise defined herein
that are defined in the Uniform Commercial Code of the State of New York (the "NY UCC") have such defined meanings
herein (with terms used in Article 9 controlling over terms used in another Article), unless the context otherwise indicated or
requires, and the following terms shall have the following meanings:

 

Cash Collateral.
See §4.

 

Event of Default.
Means the occurrence of any of the following: (a) an Event of Default as defined in the SPA; (b) an Event of Default as defined
in the Note, or (c) any other default under any other Transaction Document.

 

Operating Agreement.
The operating agreement of the Subsidiary.

 

Securities.
Includes the shares of stock, membership interests and other equity interests described in Annex A attached
hereto and any additional shares of stock, membership interests or other equity interests at the time pledged with the Lender hereunder
and the interests described in clauses (a) through (e) of §1.1 of this Agreement.

 

Securities Act.
See §7.3.

 

Securities Collateral.
The property at any time pledged to the Secured Party hereunder (whether described herein or not) and all income therefrom, increases
therein and proceeds thereof, including without limitation that included in Cash Collateral. The term does not include any income,
increases or proceeds received by the Company to the extent expressly permitted by §6.

 

Transaction Documents.
The SPA, the Note and the other "Transaction Documents" as defined in the SPA.

 

3.  Security
for Obligations.  

 

This Agreement and
the security interest in and pledge of the Securities Collateral hereunder are made with and granted to the Secured Party as security
for the payment and performance in full of all the Obligations.

 

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4.  Liquidation,
Recapitalization, etc.  

 

Any sums or
other property paid or distributed upon or with respect to any of the Securities, whether by dividend or redemption or upon the
liquidation or dissolution of the issuer thereof or otherwise, shall, except to the limited extent provided in §6, be paid
over and delivered to the Secured Party to be held by the Secured Party as security for the payment and performance in full of
all of the Obligations. To the extent any such property paid or distributed pursuant to the immediately preceding sentence is in
the form of money, the Secured Party shall have the right (but not the obligation) to deposit such money in a deposit account with
a depository satisfactory to the Secured Party and any such funds may be invested in such items as the Secured Party may elect,
and the Secured Party shall have a perfected security interest in all such sums or other property so paid or distributed and all
proceeds thereof (and any interest earned shall continue to be held by the Secured Party as security for the payment and performance
in full of all of the Obligations). Any money so received by the Secured Part pursuant to this §4, any account into which
it shall be deposited and all proceeds thereof shall be referred to herein as the "Cash Collateral". In case,
pursuant to the recapitalization or reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof,
any distribution of capital shall be made on or in respect of any of the Securities or any property shall be distributed upon or
with respect to any of the Securities, the property so distributed shall be delivered to the Secured Party, to be held by it as
security for the Obligations. Except to the limited extent provided in §6, all sums of money and property paid or distributed
in respect of the Securities, whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification
or otherwise, that are received by the Company shall, until paid or delivered to the Secured Party, be held in trust for the Secured
Party as security for the payment and performance in full of all of the Obligations.

 

5.  Warranty
of Title; Authority.  

 

The Company hereby
represents and warrants that: (a) the Company has good and marketable title to, and is the sole record and beneficial owner of,
the Securities described in §1, subject to no pledges, liens, security interests, charges, options, restrictions or other
encumbrances except the pledge and security interest created by the Security Agreement and this Agreement, (b) all of the Securities
described in §1 is validly issued, fully paid and non-assessable, (c) the Company has full power, authority and legal right
to execute, deliver and perform its obligations under this Agreement and to pledge and grant a security interest in all of the
Securities Collateral pursuant to this Agreement, and the execution, delivery and performance hereof and the pledge of and granting
of a security interest in the Securities Collateral hereunder have been duly authorized by all necessary corporate or other action
and do not contravene any law, rule or regulation or any provision of the Company's or the Subsidiary's charter documents or by-laws
or of any judgment, decree or order of any tribunal or of any agreement or instrument to which the Company or the Subsidiary is
a party or by which it or any of its property is bound or affected or constitute a default thereunder, and (d) the information
set forth in Annex A hereto relating to the Securities is true, correct and complete in all respects. The Company
covenants that it will defend the rights of the Secured Party and security interest of the Secured Party in such Securities against
the claims and demands of all other persons whomsoever. The Company further covenants that it will have the like title to and right
to pledge and grant a security interest in the Securities Collateral hereafter pledged or in which a security interest is granted
to the Secured Party hereunder and will likewise defend the rights, pledge and security interest thereof and therein of the Secured
Party.

 

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6.  Dividends,
Voting, etc., Prior to Maturity.  

 

So
long as no Event of Default shall have occurred and be continuing, the Company shall be entitled to receive and retain all cash
dividends paid in respect of the Securities, to vote the Securities and to give consents, waivers and ratifications in respect
of the Securities; provided, however, that no vote shall be cast or consent, waiver or ratification given by the
Company if the effect thereof would in the judgment of the Secured Party impair any of the Securities Collateral or be inconsistent
with or result in any violation of any of the provisions of the Facility Agreement, the Security Agreement or the other Transaction
Documents. All such rights of the Company to receive cash dividends shall cease in case an Event of Default shall have occurred
and be continuing. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Securities
shall, at the Secured Party's option, as evidenced by the Secured Party's notifying the Company of such election, cease in case
an Event of Default shall have occurred and be continuing.

 

7.  Remedies.  

 

7.1.  In
General.  

 

If an Event of Default shall
have occurred and be continuing, the Secured Party shall thereafter have the following rights and remedies (to the extent permitted
by applicable law) in addition to the rights and remedies of a secured party under the NY UCC, all such rights and remedies being
cumulative, not exclusive, and enforceable alternatively, successively or concurrently, at such time or times as the Secured Party
deems expedient:

 

(a)       if
the Secured Party so elects and gives notice of such election to the Company, the Secured Party may vote any or all shares of the
Securities (whether or not the same shall have been transferred into its name or the name of its nominee or nominees) for any lawful
purpose, including, without limitation, if the Secured Party so elects, for the liquidation of the assets of the issuer thereof,
and give all consents, waivers and ratifications in respect of the Securities and otherwise act with respect thereto as though
it were the outright owner thereof (the Company hereby irrevocably constituting and appointing the Secured Party the proxy and
attorney-in-fact of the Company, with full power of substitution, to do so);

 

(b)       the
Secured Party may demand, sue for, collect or make any compromise or settlement the Secured Party deems suitable in respect of
any Securities Collateral;

 

(c)       the
Secured Party may sell, resell, assign and deliver, or otherwise dispose of any or all of the Securities Collateral, for cash or
credit or both and upon such terms at such place or places, at such time or times and to such entities or other persons as the
Secured Party thinks expedient, all without demand for performance by the Company or any notice or advertisement whatsoever except
as expressly provided herein or as may otherwise be required by law;

 

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(d)       the
Secured Party may cause all or any part of the Securities held by it to be transferred into its name or the name of its nominee
or nominees; and

 

(e)       the
Secured Party may set off or otherwise apply or credit against the Obligations any and all sums deposited with it or held by it.

 

7.2.  Sale
of Securities Collateral. 

 

 In the event
of any sale or other disposition of the Securities Collateral as provided in clause (c) of §7.1 and to the extent that any
notice thereof is required to be given by law, the Secured Party shall give to the Company at least ten (10) days' prior notice
of the time and place of any public sale or other disposition of the Securities Collateral or of the time after which any private
sale or any other intended disposition is to be made. The Company hereby acknowledges that ten (10) days' prior notice of such
sale or other disposition or sales or other dispositions shall be reasonable notice. The Secured Party may enforce its rights hereunder
without any other notice and without compliance with any other condition precedent now or hereunder imposed by statute, rule of
law or otherwise (all of which are hereby expressly waived by the Company, to the fullest extent permitted by law). The Secured
Party may buy or otherwise acquire any part or all of the Securities Collateral at any public sale or other disposition and if
any part or all of the Securities Collateral is of a type customarily sold or otherwise disposed of in a recognized market or is
of the type which is the subject of widely-distributed standard price quotations, the Secured Party may buy or otherwise acquire
at private sale or other disposition and may make payments thereof by any means. The Secured Party may apply the cash proceeds
actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for sale, selling
and the like, to reasonable attorneys' fees, travel and all other expenses which may be incurred by the Secured Party in attempting
to collect the Obligations or to enforce this Agreement or in the prosecution or defense of any action or proceeding related to
the subject matter of this Agreement, and then to the Obligations pursuant to the terms of the Transaction Documents. Only after
such applications, and after payment by the Secured Party of any amount required by §9-608(a)(1)(C) or §9-615(a)(3) of
the NY UCC, need the Secured Party account to the Company for any surplus.

 

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7.3.  Private
Sales.  

 

The Company recognizes that
the Secured Party may be unable to effect a public sale or other disposition of the Securities by reason of certain prohibitions
contained in the Securities Act of 1933, as amended (the "Securities Act"), federal banking laws, and other applicable
laws, but may be compelled to resort to one or more private sales thereof to a restricted group of purchasers. The Company agrees
that any such private sales may be at prices and other terms less favorable to the seller than if sold at public sales and that
such private sales shall not by reason thereof be deemed not to have been made in a commercially reasonable manner. The Secured
Party shall be under no obligation to delay a sale of any of the Securities for the period of time necessary to permit the issuer
of such securities to register such securities for public sale under the Securities Act, or such other federal banking or other
applicable laws, even if the issuer would agree to do so. Subject to the foregoing, the Secured Party agrees that any sale of the
Securities shall be made in a commercially reasonable manner, and the Company agrees to use its best efforts to cause the issuer
or issuers of the Securities contemplated to be sold, to execute and deliver, and cause the directors and officers of such issuer
to execute and deliver, all at the Company's expense, all such instruments and documents, and to do or cause to be done all such
other acts and things as may be necessary or, in the reasonable opinion of the Secured Party, advisable to exempt such Securities
from registration under the provisions of the Securities Act, and to make all amendments to such instruments and documents which,
in the opinion of the Secured Party, are necessary or advisable, all in conformity with the requirements of the Securities Act
and the rules and regulations of the Securities and Exchange Commission applicable thereto. The Company further agrees to use its
best efforts to cause such issuer or issuers to comply with the provisions of the securities or "Blue Sky" laws of any
jurisdiction which the Secured Party shall designate and, if required, to cause such issuer or issuers to make available to its
security holders, as soon as practicable, an earnings statement (which need not be audited) which will satisfy the provisions of
Section 11(a) of the Securities Act.

 

7.4.  Company's
Agreements, etc.  

 

The Company further
agrees to do or cause to be done all such other acts and things as may be reasonably necessary to make any sales of any portion
or all of the Securities pursuant to this §7 valid and binding and in compliance with any and all applicable laws (including,
without limitation, the Securities Act, the Securities Exchange Act of 1934, as amended, the rules and regulations of the Securities
and Exchange Commission applicable thereto and all applicable state securities or "Blue Sky" laws), regulations, orders,
writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign,
having jurisdiction over any such sale or sales, all at the Company's expense. The Company further agrees that a breach of any
of the covenants contained in this §7 will cause irreparable injury to the Secured Party, that the Secured Party has no adequate
remedy at law in respect of such breach and, as a consequence, agrees that each and every covenant contained in this §7 shall
be specifically enforceable against the Company by the Secured Party and the Company hereby waives and agrees not to assert any
defenses against an action for specific performance of such covenants.

 

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8.  Marshalling.  

 

The
Secured Party shall not be required to marshal any present or future collateral security for (including but not limited to this
Agreement and the Securities Collateral), or other assurances of payment of, the Obligations or any of them, or to resort to such
collateral security or other assurances of payment in any particular order. All of the Secured Party's rights hereunder and in
respect of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights, however
existing or arising. To the extent that it lawfully may, the Company hereby agrees that it will not invoke any law relating to
the marshalling of collateral that might cause delay in or impede the enforcement of the Secured Party's rights under this Agreement
or under any other instrument evidencing any of the Obligations or under which any of the Obligations is outstanding or by which
any of the Obligations is secured or payment thereof is otherwise assured, and to the extent that it lawfully may the Company hereby
irrevocably waives the benefits of all such laws.

 

9.  Company's
Obligations Not Affected.  

 

The obligations
of the Company hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any exercise
or nonexercise, or any waiver, by the Secured Party of any right, remedy, power or privilege under or in respect of any of the
Obligations or any security thereof (including this Agreement); (b) any amendment to or modification of the Transactions Documents
or any of the Obligations; (c) any amendment to or modification of any instrument (other than this Agreement) securing any of the
Obligations, including, without limitation, the Security Agreement and the other Transaction Documents; or (d) the taking of additional
security for, or any other assurances of payment of, any of the Obligations or the release or discharge or termination of any security
or other assurances of payment or performance for any of the Obligations; whether or not the Company shall have notice or knowledge
of any of the foregoing, the Company hereby generally waiving all suretyship defenses to the extent applicable.

 

10.  Transfer,
etc., by Company.  

 

Without the prior
written consent of the Secured Party, the Company will not sell, assign, transfer or otherwise dispose of, grant any option with
respect to, or pledge or grant any security interest in or otherwise encumber or restrict any of the Securities Collateral or any
interest therein, except for the pledge thereof and security interest therein provided for in this Agreement and any Permitted
Liens (as such term is defined in the Security Agreement) set forth in clause (a) of the definition of Permitted Liens set forth
in the Security Agreement so long as the holder of such lien has not taken any action to foreclose or otherwise realize on the
Securities Collateral.

 

11.  Further
Assurances.  

 

The Company will do all
such acts, and will furnish to the Secured Party all such financing statements, certificates and other documents and will obtain
all such governmental consents and corporate approvals and will do or cause to be done all such other things as the Secured Party
may reasonably request from time to time in order to give full effect to this Agreement and to secure the rights of the Secured
Party hereunder, all without any cost or expense to the Secured Party. The Company hereby irrevocably authorizes the Secured Party
at any time and from time to time to file in any filing office in any Uniform Commercial Code jurisdiction any initial financing
statements and amendments thereto that (a) indicate the Collateral as the Securities Collateral or words of similar effect, or
as being of equal or lesser scope or in greater detail, and (b) contain any other information required by part 5 of Article 9 of
the Uniform Commercial Code of the jurisdiction of the filing office for the sufficiency or filing office acceptance of any financing
statement or amendment, including whether the Company is an organization, the type of organization and any organization identification
number issued to the Company. The Company agrees to furnish any such information to the Secured Party promptly upon request. The
Company also ratifies its authorization for the Secured Party to have filed in any Uniform Commercial Code jurisdiction any like
initial financing statements or amendments thereto if filed prior to the date hereof.

 

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12.  Secured
Party's Exoneration.  

 

Under no circumstances
shall the Secured Party be deemed to assume any responsibility for or obligation or duty with respect to any part or all of the
Securities Collateral of any nature or kind or any matter or proceedings arising out of or relating thereto, other than (a) to
exercise reasonable care in the physical custody of the Securities Collateral and (b) after an Event of Default shall have occurred
and be continuing to act in a commercially reasonable manner. The Secured Party shall not be required to take any action of any
kind to collect, preserve or protect its or the Company's rights in the Securities Collateral or against other parties thereto.
The Secured Party's prior recourse to any part or all of the Securities Collateral shall not constitute a condition of any demand,
suit or proceeding for payment or collection of any of the Obligations.

 

13.  No
Waiver, etc.  

 

Neither this Agreement
nor any term hereof may be changed, waived, discharged or terminated except by a written instrument expressly referring to this
Agreement and to the provisions so modified or limited, and executed by the Secured Party and the Company. No act, failure or delay
by the Secured Party shall constitute a waiver of its rights and remedies hereunder or otherwise. No single or partial waiver by
the Secured Party of any default or right or remedy that it may have shall operate as a waiver of any other default, right or remedy
or of the same default, right or remedy on a future occasion. The Company hereby waives presentment, notice of dishonor and protest
of all instruments, included in or evidencing any of the Obligations or the Securities Collateral, and any and all other notices
and demands whatsoever (except as expressly provided herein or in the Transaction Documents).

 

    	 	9	 

     

    

 

14.  Notice,
etc.  

 

All notices, requests and other
communications hereunder shall be made in the manner set forth in the SPA.

 

15.  Overdue
Amounts.  

 

Until paid, all amounts due
and payable by the Company hereunder shall be a debt secured by the Securities Collateral and shall bear, whether before or after
judgment, interest at the rate of interest for overdue principal set forth in the Note.

 

16.  Governing
Law; Consent to Jurisdiction.  

 

This
Agreement IS A contract UNDER the laws of the state of NEW YORK and shall for all purposes be construed in accordance with and
governed by the laws of SAID state of NEW YORK. The Company and THE SECURED PARTY EACH agree that any suit for the enforcement
of this agreement or any other action brought by SUCH PERSON arising hereunder or in any way related to this agreement SHALL
BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK IN THE BOROUGH OF MANHATTAN OR ANY FEDERAL COURT SITTING THEREIN AND CONSENTS
TO THE NONEXCLUSIVE JURISDICTION OF SUCH COURT AND SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON SUCH PERSON BY MAIL AT THE
ADDRESS SPECIFIED ON THE SIGNATURE PAGE OF EACH PARTY HERETO. the Company hereby waives
any objection that it may now or hereafter have to the venue of any suit BROUGHT IN the state of new york or any court SITTING
THEREIN or that A suit BROUGHT THEREIN is brought in an inconvenient court

 

17.  Waiver
of Jury Trial.  

 

THE COMPANY AND
THE SECURED PARTY WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION
WITH THIS AGREEMENT, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THE PERFORMANCE OR ENFORCEMENT OF ANY SUCH RIGHTS OR OBLIGATIONS. Except
as prohibited by law, the Company waives any right which it may have to claim or recover in any litigation referred to in the preceding
sentence any special, exemplary, punitive or consequential damages or any damages other than, or in addition to, actual damages.
The Company (a) certifies that neither the Secured Party nor any representative, agent or attorney of the Secured Party has represented,
expressly or otherwise, that the Secured Party would not, in the event of litigation, seek to enforce the foregoing waivers or
other waivers contained in this Agreement and (b) acknowledges that, in entering into this Agreement and any other Transaction
Document to which the Secured Party is a party, the Secured Party is relying upon, among other things, the waivers and certifications
contained in this §17.

 

18.  Miscellaneous.  

 

The
headings of each section of this Agreement are for convenience only and shall not define or limit the provisions thereof. This
Agreement and all rights and obligations hereunder shall be binding upon the Company and its respective successors and assigns,
and shall inure to the benefit of the Secured Party and its respective successors and assigns. If any term of this Agreement shall
be held to be invalid, illegal or unenforceable, the validity of all other terms hereof shall be in no way affected thereby, and
this Agreement shall be construed and be enforceable as if such invalid, illegal or unenforceable term had not been included herein.
The Company acknowledges receipt of a copy of this Agreement.

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF,
intending to be legally bound, the Company and the Secured Party have caused this Agreement to be executed as of the date first
above written.

 

	 	SUMMIT WIRELESS TECHNOLOGIES, INC.
	 	 
	 	 
	 	 
	 	By:	
	 	 	Name:	Brett Moyer
	 	 	Title:	Chief Executive Officer
	 	 	 	 
	 	[________]
	 	By:	[________]
	 	 	 	 
	 	 	 	 
	 	By:	 
	 	 	Title:	 

 

The undersigned Subsidiary
hereby joins in the above Agreement for the sole purpose of consenting to and being bound by the provisions of §§1.2,
4.1, 6 and 7 thereof, the undersigned hereby agreeing to cooperate fully and in good faith with the Secured Party and the Company
in carrying out such provisions.

 

		WiSA, LLC
	 	 
	 	 
	 	 
	 	By:	
	 	 	Name:	Brett Moyer
	 	 	Title:	Director and Secretary

 

    	 	11	 

     

    

 

ANNEX A TO PLEDGE AGREEMENT

None of the issuers
has any authorized, issued or outstanding shares of its capital stock of any class or any commitments to issue any shares of its
capital stock of any class or any securities convertible into or exchangeable for any shares of its capital stock of any class
except as otherwise stated in this Annex A.

 

	 	 	 	 
	
         

         

        Issuer
	
         

        Record

         Owner
	
         

        Class of

         Shares 
	Percentage Ownership 
	WiSA, LLC	Summit Wireless Technologies, Inc.	N/A	100%

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