Document:

Exhibit 10.7

 

PLEDGE AGREEMENT

 

This
PLEDGE AGREEMENT (this "Agreement") is made as of August 15, 2022, by and between WiSA
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.

 

     

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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.  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.

 

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:

 

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.

 

     

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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. 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.

 

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). 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.

 

     

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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.

 

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:

 

     

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(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;

 

(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.

 

     

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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.

 

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).

 

     

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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.

 

     

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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.

 

     

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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.

 

	 	WiSA 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

 

     

     

    

 

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	 	WiSA Technologies, Inc.	 	 	N/A	 	 	 	100	%Exhibit 10.8

 

GUARANTY

 

GUARANTY (the "Guaranty"),
dated as of August 15, 2022, by WiSA, LLC, a Delaware limited liability company (the "Guarantor") in favor
of [___________](the "Lender").

 

WHEREAS, WiSA Technologies, Inc.
(the "Borrower") is the holder of 100% of the equity interests of the Guarantor; and

 

WHEREAS, (a) the
Borrower and the Lender 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 Borrower has issued to the Lender 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, the Borrower
and the Guarantor are members of a group of related entities, the success of any one of which is dependent in part on the success of the
other members of such group;

 

WHEREAS, the Guarantor
expects to receive substantial direct and indirect benefits from the transactions contemplated by the SPA and the Note (including, without
limitation, the extensions of credit to the Borrower by the Lender pursuant to the SPA and the Note) (which benefits are hereby acknowledged);

 

WHEREAS, it is a condition
precedent to the Lender's willingness to enter into the SPA and the Note and make the loans to the Borrower thereunder that the Guarantor
execute and deliver to the Lender a guaranty substantially in the form hereof; and

 

WHEREAS, the Guarantor
wishes to guaranty the Borrower's obligations to the Lender under or in respect of the SPA, the Note and the other Transaction Documents
(as such term is defined in the SPA) as provided herein;

 

NOW, THEREFORE, the
Guarantor hereby agrees with the Lender as follows:

 

1.            Definitions.
The term (a) "Obligations" means, collectively, all debts, liabilities and obligations (including, without limitation,
any expenses, costs and charges incurred by or on behalf of th Lender in connection with any Transaction Document), present or future,
direct or indirect, absolute or contingent, matured or unmatured, at any time or from time to time due or accruing due and owing by or
otherwise payable by the Borrower or the Guarantor to the Lender in any currency, under, in connection with or pursuant to the any Transaction
Document (including, without limitation, this Guaranty), and whether incurred by the Borrower or the Guarantor alone or jointly with another
or others and whether as principal, guarantor or surety and in whatever name or style; and (b) "Transaction Documents"
means, collectively, this Guaranty and the "Transaction Documents" as defined in the SPA. All other capitalized terms used herein
without definition shall have the respective meanings provided therefor in the SPA.

 

     

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2.            Guaranty
of Payment and Performance. The Guarantor hereby guarantees to
the Lender the full and punctual payment when due (whether at stated maturity, by required pre-payment, by acceleration or otherwise),
as well as the performance, of all of the Obligations including all such which would become due but for the operation of the automatic
stay pursuant to §362(a) of the Federal Bankruptcy Code and the operation of §§502(b) and 506(b) of the
Federal Bankruptcy Code in a bankruptcy or other insolvency proceeding of the Borrower. This Guaranty is an absolute, unconditional and
continuing guaranty of the full and punctual payment and performance of all of the Obligations and not of their collectibility only and
is in no way conditioned upon any requirement that the Lender first attempt to collect any of the Obligations from the Borrower or any
other Person or resort to any collateral security or other means of obtaining payment. Should the Borrower default in the payment or performance
of any of the Obligations, the obligations of the Guarantor hereunder with respect to such Obligations in default shall, upon demand by
the Lender, become immediately due and payable to the Lender, without demand or notice of any nature, all of which are expressly waived
by the Guarantor. Payments by the Guarantor hereunder may be required by the Lender on any number of occasions. All payments by the Guarantor
hereunder shall be made to the Lender, in the manner and at the place of payment specified therefor in the Note, for the account of the
Lender.

 

3.            Guarantor’s
Agreement to Pay Enforcement Costs, etc. The Guarantor further
agrees, as the principal obligor and not as a guarantor only, to pay to the Lender, on demand, all out-of-pocket costs and expenses (including
court costs and legal expenses) incurred or expended by the Lender in connection with the Obligations with respect to the Guarantor, this
Guaranty and the enforcement thereof, together with interest on amounts recoverable under this §3 from the time when such amounts
become due until payment, whether before or after judgment, at the rate of interest for overdue principal set forth in the Note, provided
that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such
maximum permitted amount.

 

4.            Waivers
by Guarantor; Lender's Freedom to Act. The Guarantor agrees that
the Obligations of the Guarantor will be paid and performed strictly in accordance with their respective terms to the maximum extent permitted
by applicable law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the
Lender with respect thereto. The Guarantor waives promptness, diligence, presentment, demand, protest, notice of acceptance, notice of
any Obligations incurred and all other notices of any kind, all defenses which may be available by virtue of any valuation, stay, moratorium
law or other similar law now or hereafter in effect, any right to require the marshalling of assets the Borrower or any other entity or
other person primarily or secondarily liable with respect to any of the Obligations, and all suretyship defenses generally. Without limiting
the generality of the foregoing, the Guarantor agrees to the provisions of any instrument evidencing, securing or otherwise executed in
connection with any Obligation and agrees that the Obligations of the Guarantor hereunder shall not be released or discharged, in whole
or in part, or otherwise affected by (i) the failure of the Lender to assert any claim or demand or to enforce any right or remedy
against the Borrower or any other entity or other person primarily or secondarily liable with respect to any of the Obligations; (ii) any
extensions, compromise, refinancing, consolidation or renewals of any Obligation; (iii) any change in the time, place or manner of
payment of any of the Obligations or any rescissions, waivers, compromise, refinancing, consolidation or other amendments or modifications
of any of the terms or provisions of the SPA, the Note, the other Transaction Documents or any other agreement evidencing, securing or
otherwise executed in connection with any of the Obligations, (iv) the addition, substitution or release of any entity or other person
primarily or secondarily liable for any Obligation; (v) the adequacy of any rights which the Lender may have against any collateral
security or other means of obtaining repayment of any of the Obligations; (vi) the impairment of any collateral securing any of the
Obligations, including without limitation the failure to perfect or preserve any rights which the Lender might have in such collateral
security or the substitution, exchange, surrender, release, loss or destruction of any such collateral security; or (vii) any other
act or omission which might in any manner or to any extent vary the risk of the Guarantor or otherwise operate as a release or discharge
of any Guarantor, all of which may be done without notice to the Guarantor. To the fullest extent permitted by law, the Guarantor hereby
expressly waives any and all rights or defenses arising by reason of (A) any "one action" or "anti-deficiency"
law which would otherwise prevent the Lender from bringing any action, including any claim for a deficiency, or exercising any other right
or remedy (including any right of set-off), against the Guarantor before or after the Lender's commencement or completion of any foreclosure
action, whether judicially, by exercise of power of sale or otherwise, or (B) any other law which in any other way would otherwise
require any election of remedies by the Lender.

 

     

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5.            Unenforceability
of Obligations Against Borrower. If for any reason the Borrower
has no legal existence or is under no legal obligation to discharge any of the Obligations, or if any of the Obligations have become irrecoverable
from the Borrower by reason of the Borrower's insolvency, bankruptcy or reorganization or by other operation of law or for any other reason,
this Guaranty shall nevertheless be binding on the Guarantor to the same extent as if the Guarantor at all times had been the principal
obligor on all such Obligations. In the event that acceleration of the time for payment of any of the Obligations is stayed upon the insolvency,
bankruptcy or reorganization of the Borrower, or for any other reason, all such amounts otherwise subject to acceleration under the terms
of the SPA, the Note, the other Transaction Documents or any other agreement evidencing, securing or otherwise executed in connection
with any Obligation shall be immediately due and payable by the Guarantor.

 

6.            Subrogation;
Subordination.

 

6.1.            Waiver
of Rights Against Borrower. Until the final payment and performance
in full of all of the Obligations, the Guarantor shall not exercise and hereby waives any rights against the Borrower arising as a result
of payment by the Guarantor hereunder, by way of subrogation, reimbursement, restitution, contribution or otherwise, and will not prove
any claim in competition with the Lender in respect of any payment hereunder in any bankruptcy, insolvency or reorganization case or proceedings
of any nature; the Guarantor will not claim any setoff, recoupment or counterclaim against the Borrower in respect of any liability of
the Guarantor to the Borrower; and the Guarantor waives any benefit of and any right to participate in any collateral security which may
be held by the Lender.

 

     

    -4-

    

 

6.2.            Subordination.
The payment of any amounts due with respect to any indebtedness of the Borrower for money borrowed or credit received now or hereafter
owed to the Guarantor is hereby subordinated to the prior payment in full of all of the Obligations. The Guarantor agrees that, after
the occurrence and during the continuance of any default in the payment of any of the Obligations or upon the occurrence and continuation
of any other Event of Default, the Guarantor will not demand, sue for or otherwise attempt to collect any such indebtedness of the Borrower
to the Guarantor until all of the Obligations (other than contingent indemnification obligations for which no claim has been made) shall
have been paid in full. If, notwithstanding the foregoing sentence, the Guarantor shall collect, enforce or receive any amounts in respect
of such indebtedness while any Obligations are still outstanding, such amounts shall be collected, enforced and received by the Guarantor
as trustee for the Lender and be paid over to the Lender on account of the Obligations without affecting in any manner the liability of
the Guarantor under the other provisions of this Guaranty.

 

6.3.            Provisions
Supplemental. The provisions of this §6 shall be supplemental
to and not in derogation of any rights and remedies of the Lender under any separate subordination agreement which the Lender may at any
time and from time to time enter into with the Guarantor for the benefit of the Lender.

 

7.            Setoff.
Regardless of the adequacy of any collateral security or other means of obtaining payment of any of the Obligations, each of the Lender
is hereby authorized at any time and from time to time, without prior notice to the Guarantor (any such notice being expressly waived
by the Guarantor) and to the fullest extent permitted by law, to set off and apply any securities or other property belonging to the Guarantor
now or hereafter held by the Lender and all deposits and other sums credited by or due from the Lender to the Guarantor against the obligations
of the Guarantor under this Guaranty, whether or not the Lender shall have made any demand under this Guaranty.

 

8.            Further
Assurances. The Guarantor agrees that it will from time to time,
at the request of the Lender, do all such things and execute all such documents as the Lender may reasonably request and consider necessary
or desirable to give full effect to this Guaranty and to perfect and preserve the rights and powers of the Lender hereunder. The Guarantor
acknowledges and confirms that the Guarantor itself has established its own adequate means of obtaining from the Borrower on a continuing
basis all information desired by the Guarantor concerning the financial condition of the Borrower and that the Guarantor will look to
the Borrower and not to the Lender in order for the Guarantor to keep adequately informed of changes in the Borrower's financial condition.

 

9.            Termination;
Reinstatement. This Guaranty shall remain in full force and effect
against the Guarantor until the Lender is given written notice of the Guarantor's intention to discontinue this Guaranty with respect
to the Guarantor, notwithstanding any intermediate or temporary payment or settlement of the whole or any part of the Obligations (and
to the extent such notice is given by the Guarantor, this Guaranty shall remain in full force and effect against each other Guarantor).
No such notice shall be effective unless received and acknowledged by an officer of the Lender at the address of Lender for notices set
forth in the SPA. No such notice shall affect any rights of the Lender hereunder, including without limitation the rights set forth in
 §§4 and 6, with respect to any Obligations incurred or accrued prior to the receipt of such notice or any Obligations incurred
or accrued pursuant to any contract or commitment in existence prior to such receipt. This Guaranty shall continue to be effective or
be reinstated, notwithstanding any such notice, if at any time any payment made or value received with respect to any Obligation is rescinded
or must otherwise be returned by the Lender upon the insolvency, bankruptcy or reorganization of the Borrower, or otherwise, all as though
such payment had not been made or value received.

 

     

    -5-

    

 

10.            Successors
and Assigns. This Guaranty shall be binding upon the Guarantor,
its successors and assigns, and shall inure to the benefit of the Lender and its successors, transferees and assigns. Without limiting
the generality of the foregoing sentence, the Lender may assign or otherwise transfer any Transaction Document or any other agreement
or note held by it evidencing, securing or otherwise executed in connection with the Obligations, or sell participations in any interest
therein, to any other entity or other person, and such other entity or other person shall thereupon become vested, to the extent set forth
in the agreement evidencing such assignment, transfer or participation, with all the rights in respect thereof granted to the Lender herein,
all in accordance with, and subject to, the SPA and the Note. The Guarantor may not assign any of its obligations hereunder.

 

11.            Amendments
and Waivers. No amendment or waiver of any provision of this Guaranty
nor consent to any departure by the Guarantor therefrom shall be effective unless the same shall be in writing and signed by the Lender.
No failure on the part of the Lender to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor
shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other
right.

 

12.            Notices.
All notices and other communications called for hereunder shall be made in writing and, unless otherwise specifically provided herein,
shall be deemed to have been duly made or given when made or given in accordance with the procedures set forth in the SPA and addressed
as follows: if to the Guarantor, at the address set forth beneath its signature hereto, and if to the Lender, at the address for notices
to the Lender set forth in the SPA, or at such address as either party may designate in writing to the other.

 

13.            Governing
Law; Consent to Jurisdiction. THIS GUARANTY SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. The Guarantor agrees that any suit for the enforcement of this
Guaranty may be brought in the courts of the STATE OF NEW YORK sitting in the Borough of Manhattan or, to the extent permitted by applicable
law, any federal court for the Southern District of New York (and appellate courts thereof) and consents to the nonexclusive jurisdiction
of such court and to service of process in any such suit being made upon the Guarantor by mail at the address specified by reference in
 §12. The Guarantor hereby waives any objection that it may now or hereafter have to the venue of any such suit or any such court
or that such suit was brought in an inconvenient court.

 

     

    -6-

    

 

14.            Waiver
of Jury Trial. THE GUARANTOR HEREBY WAIVES ITS RIGHT TO A JURY
TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS GUARANTY, ANY RIGHTS OR OBLIGATIONS HEREUNDER
OR THE PERFORMANCE OF ANY OF SUCH RIGHTS OR OBLIGATIONS. Except as prohibited by law, the Guarantor hereby 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 Guarantor (i) certifies that neither the Lender nor any representative,
agent or attorney of the Lender has represented, expressly or otherwise, that the Lender would not, in the event of litigation, seek to
enforce the foregoing waivers and (ii) acknowledges that, in entering into the SPA, the Note and the other Transaction Documents
to which the Lender is a party, the Lender is relying upon, among other things, the waivers and certifications contained in this §14.

 

15.            Miscellaneous.
This Guaranty constitutes the entire agreement of the Guarantor with respect to the matters set forth herein. The rights and remedies
herein provided are cumulative and not exclusive of any remedies provided by law or any other agreement, and this Guaranty shall be in
addition to any other guaranty of or collateral security for any of the Obligations. The invalidity or unenforceability of any one or
more sections of this Guaranty shall not affect the validity or enforceability of its remaining provisions. Captions are for the ease
of reference only and shall not affect the meaning of the relevant provisions. The meanings of all defined terms used in this Guaranty
shall be equally applicable to the singular and plural forms of the terms defined.

 

16.            Effectiveness.
Delivery of an executed signature page of this Guaranty by facsimile transmission or by email with a PDF attachment shall be effective
as delivery of a manually executed counterpart hereof. This Guaranty and the other Transaction Documents constitute the entire contract
among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof.

 

     

    -7-

    

 

IN WITNESS WHEREOF,
the Guarantor has caused this Guaranty to be executed and delivered as of the date first above written.

 

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

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