Document:

Ex 10.1

 

 

xMax Equipment Purchase Agreement 

 

NAME OF COMPANY

 

xG Technology, Inc. 240 South Pineapple
Avenue, Suite 701, Sarasota FL 34236

 TEL: 941-953-9035 FAX: 941-954-8595
www.xgtechnology.com

 

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xMax Equipment
Purchase Agreement 

 

PARTIES

 

THIS AGREEMENT, effective the       day
of        ,      , by and between xG Technology, Inc.,
(“XGT”) doing business at 240 South Pineapple Avenue, Suite 701, Sarasota, Florida 34236, and NAME OF
COMPANY (hereinafter “NAME” or “Customer”) doing business at ADDRESS. XGT and Customer are collectively
referred to as the “Parties” or each “Party” throughout this Agreement.

 

This Agreement is subject to that AGREEMENT
FOR ENGINEERING SERVICES, effective on ______________date between the Parties. 

 

BACKGROUND

 

Whereas NAME (BACKGROUND ON BUSINESS OF
CUSTOMER);

 

And, whereas NAME (ADDITIONAL INFORMATION
ON CUSTOMER);

 

And, whereas NAME (PURPOSE OF EQUIPMENT
PURCHASE) (see Schedule A) that it serves;

 

And, whereas XGT is a technology company
that has developed innovative, patented communications technologies (xMax) which include, but are not limited to, cognitive radio
solutions with the potential to offer carrier-class mobile broadband services operating in license-free spectrum using an end-to-end
Internet Protocol (IP) system;

 

And, whereas NAME wishes to purchase specific
quantities of xMax equipment for the servicing of their existing customers, as well as any additional customers that offering
xMax services may bring (see Schedule A);

 

And, whereas NAME wishes to purchase and
XGT wishes to supply xMax equipment to NAME, for use with its existing and future customer base, on an exclusive basis within the
defined service areas (see Schedule A);

 

And, whereas certain of the xMax equipment
is subject to regulation and prior approval by the Federal Communications Commission (FCC), which approval has not been granted
as of the date of this Agreement;

 

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NOW THEREFORE, in consideration of the
mutual covenants and promises hereinafter set forth, the parties hereto agree as follows:

 

AGREED TERMS

 

		1.	PURCHASE AND SUPPLY OF xMAX EQUIPMENT

 

1.1          In
accordance with, and subject to, the terms and conditions of this Agreement (including, without limitation, the Terms and Conditions
of Supply set out in Schedule B), the Customer shall purchase and XGT shall supply such quantities of xMax equipment at such prices
as are specified in Schedule A, conditioned upon the Customer having obtained favorable financing, such favorable financing to
be determined at Customer’s sole discretion. XGT will execute this order upon notice from the Customer of acceptable finance.

 

1.2          The
quantities of xMax equipment specified in Schedule A have been determined and agreed between the parties based upon minimum annual
purchase quantities in order to maintain territory exclusivity. If the Customer wishes to purchase xMax equipment additional to
the quantities specified in Schedule A and serves (an) additional order(s) on XGT then XGT agrees to supply such additional equipment
at the prices specified in Schedule A, subject to XGT having served on the Customer a price change notice prior to service of any
such additional order, in which case the prices specified in such price change notice shall apply. Save as provided as to price
in the preceding sentence, each additional order shall be deemed to be a separate offer by the Customer to purchase xMax equipment
on the terms of this Agreement, which XGT shall be free to accept or decline at its absolute discretion.

 

2. FORCE MAJEURE

 

2.1          XGT
shall not be liable for any damage, delays or failures to perform any obligation hereunder caused by factors beyond its reasonable
ability to control, including (without limitation) changes in government regulations, acts of God, labor shortages, strikes, slowdowns,
or other combined action of workmen, fires, floods, earthquakes, severe weather, serious accidents, epidemics, quarantines, wars,
insurrections or riots, acts of civil or military authorities, transportation embargoes, destruction of production facilities,
delays, shortages or interruptions to delivery of components and materials, to the extent that (i) the delay extends more than
thirty (30) days, (ii) was not caused by or the result of any conduct of XGT and (iii) was not reasonably foreseeable by XGT. In
the event of a concurrence under Article 2, XGT may in its sole discretion allocate available goods among customers as it may determine
or cancel orders without liability for any part thereof not shipped to the Customer upon refunding any allocable advance payments
received for the canceled portion. 

 

3. INTEREST AND ATTORNEY'S FEES

 

3.1          Interest
of __% per year may be charged by XGT on accounts past due for more than thirty (30) days.

 

3.2 The prevailing Party to any dispute
related to this Agreement or the enforcement of this Agreement shall be entitled to reasonable and necessary attorney’s fees
and costs from the non-prevailing Party.

 

4. PENALTY CLAUSES

 

4.1          XGT
assumes no liability arising from penalty or liquidated damage clauses of any kind, written or implied, unless approved in writing
by XGT's duly authorized representative.

 

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5. INDEMNITY

 

5.1          Each
party agrees to indemnify and hold the other harmless from and against any liability, direct loss, damages (including but not limited
to consequential damages, lost profits, damage to good will, costs, and or expenses) and attorney’s fees incurred as a direct
result of the other party’s breach conduct of this Agreement, whether the claims are based in tort or contract. XGT further
indemnifies and holds NAME harmless from and against any liability, loss, damages (including but not limited to consequential damages,
lost profits, damage to goodwill, costs, and or expenses) and attorney’s fees incurred as a result of any conduct of XGT’s
Personnel.

 

6. LIMITED WARRANTY

 

6.1          XGT
warrants that its product will be free from defects in materials and workmanship and that the product will be manufactured in accordance
with the applicable specifications using XGT specifications as a standard for a period of one year from date of shipment. XGT will
replace or, at its option, issue credit for xMax Product found by XGT to be defective or not in conformity with such material specifications.

 

6.2          XGT
extends this LIMITED WARRANTY to original Customers of xMax Products. This LIMITED WARRANTY is extended only to such original Customers;
it may not be passed along to any subsequent purchaser or assignee. THIS LIMITED WARRANTY IS EXCLUSIVELY AND EXPRESSLY IN LIEU
OF ALL OTHER WARRANTIES (EXCEPT TITLE), WHETHER EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS
FOR PARTICULAR PURPOSE. XGT SHALL UNDER NO CIRCUMSTTANCES BE LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES.

 

6.3          The
Customer must carefully inspect each container of xMax Products and inspect the product to ensure that it performs satisfactorily
for its intended use. Every claim under this Limited Warranty shall be deemed waived unless written notice of defect of nonconformity
of the product is made in writing and received by XGT within thirty (30) days of discovery of the defect, and within one year of
receipt of goods. Within two weeks of the date written notice of the defect or nonconformity is received by XGT and within one
year of the date the product is shipped, Customer must return at Customer’s sole cost and expense and XGT must receive the
defective or nonconforming product. Within a reasonable time after XGT receives the returned product, XGT shall determine if
such defect or nonconformity actually exists and shall notify the Customer of its determination. Within a reasonable time thereafter,
XGT shall replace the defective or nonconforming product with non-defective product of like quantity, or at its option, issue credit
for such defective or nonconforming product.

 

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6.4          This
Limited Warranty Policy shall be the sole and exclusive remedy of the Customer with respect to xMax Products. XGT's sole liability
on any claim arising out of the sale of the product or XGT's replacement of defective product, whether in contract, warranty, tort,
or otherwise shall be limited to the purchase price of the goods that prove defective or nonconforming. In no event shall XGT be
liable for, and Customer shall hold XGT harmless from, any damages, direct, indirect, or consequential, whether resulting from
XGT's negligence or otherwise, arising out of, in connection with, or resulting from the goods sold to the Customer, and any and
all claims, actions, suits, and proceedings which may be instituted in respect to the foregoing, including those made by subsequent
owners and users of the goods. In no event shall XGT be liable for any alleged negligence, breach of warranty, strict liability,
incidental, consequential, special, speculative or indirect damages, or any other theory, other than the Limited Warranty set forth
herein.

 

8. PROPRIETARY RIGHTS

 

8.1          Each
Party shall continue to own all Background Technology (defined as all intellectual property rights and know-how, technical design,
engineering and test data, manufacturing methodology, software, algorithms and other information and technology already owned or
possessed by, known to, developed by or for one of the parties independent of the contract work performed hereunder, or with respect
to which a Party may grant licenses to the other Party hereunder prior to or outside of the performance of this Agreement) it has
provided to the other Party hereunder. 

 

8.2          Technology
developed by XGT and which does not to any extent contain any of Customer’s Background Technology shall be the property of
XGT.

 

9. WAIVER

 

9.1          Failure
by any party hereto to enforce any of the provisions of this Agreement, or any rights with respect hereto, or failure to exercise
any election provided for herein, shall in no way be considered a waiver of such provisions, rights, or elections or in any way
affect the validity of this Agreement. The failure by any party to enforce any of said provisions, rights or elections shall not
prejudice such party from later enforcing or exercising the same or any other provisions, rights, or elections it may have under
this Agreement.

 

		10.	FCC APPROVAL

 

10.1          Customer
is hereby advised that certain of the equipment specified in Schedule A is subject to the FCC’s Rules (47 CFR §§
2 and 15) and that such equipment will comply with the appropriate rules prior to delivery of such equipment; and, notwithstanding
anything to the contrary in this Agreement, delivery of the equipment specified in Schedule A is contingent upon XGT’s compliance
with the applicable equipment authorization and technical requirements of the FCC’s Rules (47 CFR §§ 2 and 15).

 

		11.	NOTICES

 

11.1          All
notices provided for in this Agreement shall be given in writing either by personal delivery of such notice, or by depositing the
same, postage prepaid, in United States certified mail, return receipt requested mail addressed to the parties respectively at
the following addresses:

 

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	XGT:	xG Technology, Inc.
	 	240 South Pineapple Avenue, Suite 701,
	 	Sarasota, Florida 34236,
	 	 
	Customer:	NAME OF COMPANY
	 	COMPANY ADDRESS
	 	CITY, STATE, ZIP CODE

 

12. MODIFICATIONS MUST BE IN
WRITING

 

12.1          The
terms and conditions of this Agreement shall not be modified or rescinded by agreement, conduct or waiver unless specifically agreed
to in writing and executed by each of the Parties’ duly authorized representative.

 

13. SEVERABILITY

 

13.1          The
invalidity or unenforceability by law of all, or part of this Agreement, including any of the terms and conditions set forth in
Schedule C, shall not invalidate the remainder of the Agreement or such terms and conditions and will not affect the other provisions
hereof, and this Agreement and the terms and conditions will be construed in all respects as if such invalid or unenforceable provision
were omitted.

 

14. HEADINGS AND TITLES

 

14.1          All
headings and titles in this Agreement have been inserted only to facilitate reference and shall not be taken into account in the
interpretation of this Agreement.

 

15. ASSIGNMENT

 

15.1          Neither
party shall have the right to assign or transfer any duties, rights or obligations due hereunder without the express written consent
of the other party.

 

16. ENTIRE AGREEMENT

 

16.1          This
Agreement constitutes and expresses the entire agreement of the parties as to the equipment supplies to be provided hereunder.
Except for the Non-Disclosure Agreement signed by the parties on _____________ 2012 which remains in full force and effect, All
other previous matters, agreements, understandings and representations of whatever nature relating to this Agreement, either oral
or written, are hereby superseded or canceled. No subsequent modification shall be valid unless and until reduced to writing and
signed by the parties hereto.

 

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17. CHOICE OF LAW AND CONSENT
TO JURISDICTION

 

17.1          This
Agreement, including the terms and conditions set out in Schedule B, shall be construed and governed by the laws of the State of
Florida. Customer agrees that any action to collect payment of an invoice or enforce any of provision of this Agreement or the
terms and conditions may be brought in a court of competent jurisdiction in Sarasota County, Florida.

 

18. MARKETING

 

18.1          Both
parties agree that this contract can be publicly announced and jointly marketed for the mutual benefit of each.

 

19. CERTIFICATIONS

 

19.1          There
is an exception in the FCC’s regulations to the general prohibition rule, governing the marketing and sale of RF equipment
prior to receiving FCC equipment certification, in FCC Rule Section 2.803(d), for the offer for sale to business
and commercial users (but not an offer for sale to other parties or to end users located in a residential environment) of an RF
device that is in the conceptual, developmental or pre-production stage provided  that the prospective buyer is advised
in writing at the time of the offer for sale that the equipment is subject to the FCC rules and that the equipment will
comply with the appropriate rules prior to delivery of the equipment. This contract is hereby made subject to such advisory and
FCC regulations.

 

IN WITNESS WHEREOF, the Parties hereto
have caused this Agreement to be executed in duplicate and their signatures affixed thereto as of the day and year first above
written.

  

	NAME OF COMPANY	 	xG Technology, Inc.	 
	 	 	 	 	 	 
	By:	 	 	By:	 	 
	 	 	 	 	 	 
	Title:	 	 	Title:	 	 
	 	 	 	 	 	 
	Date:	 	 	Date:	 	 

 

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SCHEDULE A - EQUIPMENT ORDER 

 

Year 1 – TERRITORY OR TERMS

 

	Total	 	Quantity	 	Price ea	 	Item
	Equipment	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

Year 2 - TERRITORY OR TERMS

 

	Total	 	Quantity	 	Price ea	 	Item
	Equipment	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

Year 3 - TERRITORY OR TERMS

 

	Total	 	Quantity	 	Price ea	 	Item
	Equipment	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

This Equipment Order forecasts a specific
mix of products per service territory. NAME recognizes that market demand by its customers may create more or less demand for certain
items and reserves the right to modify the allocations under the Equipment Order by providing written notice to xGT so long as
such rebalancing of the product mix does not diminish the overall contract value.

 

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SCHEDULE B – TERMS AND CONDITIONS
OF SUPPLY

 

All prices are given and all orders are
accepted and all sales are expressly made conditional on Customer's assent to these terms and conditions notwithstanding any offers
to purchase by Customer containing different or additional provisions. Customer's acceptance of the goods shall, in any event,
constitute acceptance of these terms and conditions, and Customer's agreement that they control over any terms, correspondence
or forms supplied by Customer at any stage of the transaction.

 

PRICES

 

Customer's modifications shall not be effective
unless accepted in writing by XGT’s duly authorized representative (which acceptance may or may not be given at XGT’s
entire discretion). Acceptance may be conditioned upon Customer's acceptance of intervening price changes and price changes related
to such modifications or any other conditions proposed by XGT.

 

TAXES

 

The amount of any present or future sales,
use, excise, or similar taxes, applicable to the ordered goods shall be added to the price and paid by the Customer, unless the
Customer timely provides XGT with a valid tax exemption certificate.

 

PRODUCT MODIFICATIONS AND SUBSTITUTIONS

 

XGT reserves the right to change or modify
at any time any product or any materials used in the fabrication of products, or to discontinue the manufacture of any product,
without any obligation or other liability with respect thereto.

 

PAYMENT

 

Payment for xMax products shall be made
by Customer, within 30 days of equipment receipt.

 

SHIPMENT AND DELIVERY

 

All xMax Products shall be delivered FCA
(Incoterms 2000), XGT’s facility. XGT reserves the right to make partial shipments. Pro rata payments become due as partial
shipments are made. Delivery information and schedules are approximate.  Delivery is contingent upon satisfaction of the condition
in Paragraph 10 of this Agreement.

 

DAMAGED OR LOST SHIPMENTS

 

When goods have been delivered to a carrier
for shipment, the risk of loss passes to the Customer and XGT's responsibility for delivery ends, but XGT agrees to furnish duplicate
bills of lading and otherwise render reasonable assistance in making claims for damages against the carrier. Shipment should be
examined carefully before being accepted from the carrier. XGT assumes no responsibility for damages after having received "in
good order" receipts from a carrier at shipping point and all loss, damage and delay in transit are at NAME’s risk.

 

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If goods are damaged with their container
intact, Customer must file a fully completed "Concealed Damage Report" with the carrier and, in any event, send a copy
thereof to XGT within 24 hours after receipt of shipment by Customer. Claims for shortages or non-conforming shipments must be
made in writing and sent to XGT within 5 days of Customer's receipt of shipment. Failure to give such notice shall be deemed unqualified
acceptance and a waiver by the Customer with any claim with respect to the shipment.

 

CANCELLATION

 

After acceptance of an order by XGT, orders
cannot be canceled by Customer without XGT's written consent (which consent may or may not be given at XGT’s entire discretion)
and then only upon terms that will compensate XGT for all costs and expenses (including any engineering and/or fabrication charges)
applicable to the canceled order.

 

RETURNS

 

XGT will not accept goods for return or
credit, other than for claimed warranty, unless XGT’s written permission has been first obtained (which permission may not
be reasonably withheld) and Customer receives a returned material authorization form issued by XGT's duly authorized representative.
Risk of loss for returned goods will remain with Customer and Customer shall reimburse XGT for any costs it incurs in connection
with the shipment and return of goods including, but not limited to a 15% handling, examination, and re-packing charge. Goods fabricated
to order are not returnable under any circumstances except for approved warranty claim. 

 

CONDITIONS OF RESALE

 

All the terms and conditions set out herein
shall be binding upon Customer and all subsequent owners and users of these goods. Without limitation of the foregoing, however,
the goods identified herein are subject to the condition that they shall not, nor any portion of them, by way of trade or otherwise,
be lent, resold, or otherwise conveyed without similar conditions, including this condition, being imposed on subsequent borrower,
purchaser, or transferee.

 

CUSTOMER'S MODIFYING OR CONFLICTING
TERMS

 

All orders are accepted and all sales are
made subject only to the terms and conditions of this Agreement, including the terms and conditions set out in this Schedule B.,
This statement is intended as a final, complete, and exclusive statement of the parties' agreement. All statements, representations,
agreements, changes of any kind and agreements not incorporated herein are excluded and are superseded hereby. No course of prior
dealings between XGT and Customer and no usage of trade shall be used to supplement any term used in this Agreement. Acceptance
or acquiescence in a course of performance rendered under this Agreement shall not be relevant to determine the meaning of this
Agreement.

 

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xG Technology Engineering Services Agreement

  

 

 

xG Technology, Inc. 240 South Pineapple
Avenue, Suite 701, Sarasota FL 34236 

TEL: 941-954-8701   FAX:
941-954-8595 www.xgtechnology.com

 

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AGREEMENT FOR ENGINEERING SERVICES

 

PARTIES

 

THIS AGREEMENT, effective the      
th day of _______, 2012, by and between xG Technology, Inc., (“XGT”) doing business at
240 South Pineapple Avenue, Suite 701, Sarasota, Florida 34236, and NAME OF COMPANY, (hereinafter “NAME”
or “Customer”) doing business at COMPANY ADDRESS.

 

BACKGROUND

 

WHEREAS, XGT has conducted a Preliminary
Engineering Survey & Network Estimate of the cost to design, build a wireless broadband network for Customer. And whereas simultaneously
to this Agreement, Customer enters into a separate Equipment Purchase Agreement for specific quantities of xMax wireless broadband
equipment.

 

WHEREAS, upon successful Performance Test
Acceptance of said equipment, Customer desires XGT to perform certain work as described in this Agreement and the Addenda attached
to this Agreement, and XGT desires to perform such work and deliver such services as described in this Agreement and the Addenda
attached hereto.

 

NOW THEREFORE, in consideration of the
mutual covenants and promises hereinafter set forth, the parties hereto agree as follows:

 

AGREED TERMS

 

ARTICLE I. SERVICES

Customer hereby retains XGT to render the
services (the “Engineering Services”) described and defined in the Addenda from time to time and for the time being
agreed between Customer and XGT and attached to and made a part of this Agreement. XGT hereby agrees to render the services as
so described. It is understood that XGT may render such services through its own employees (“Employees”) or through
independent subcontractors under subcontract with XGT (“Subcontractors”). Such Employees and Subcontractors are herein
referred to as “XGT’s Personnel”. If the Customer desires XGT to perform certain additional work beyond the work
already described in this Agreement and the Addenda for the time being attached to this Agreement, then Customer shall give notice
to XGT and, if the provision and terms of provision of such services are mutually agreed with XGT, such agreement shall be reflected
in a new Addendum that shall be attached to and made a part of this Agreement.

 

ARTICLE II. COMPENSATION

As compensation for all Engineering Services
performed in accordance with the terms and conditions of this Agreement and the Addenda hereto, Customer agrees to pay to
XGT the sums set forth in such Addenda, at the times and places, and upon the milestones (if any) set forth in the relevant Addenda.
Compensation shall be due and payable for work actually performed by XGT in accordance with this Agreement, and the sums set forth
in the relevant Addenda are the sole and entire compensation due to XGT from Customer for such Engineering Services.

 

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All compensation to XGT’s Personnel,
income, FICA, VAT, sales or any other duties or taxes levied on XGT or XGT’s Personnel by reason of payments made or consideration
delivered by Customer to XGT, shall be responsibility of and borne by XGT.

 

ARTICLE III. REPORTING RESPONSIBILITIES

Customer may designate at the commencement
of this Agreement, and from time to time thereafter, one or more of its officers or technical managers to whom XGT shall report
and be responsible. Such Customer officer or technical manager shall designate the services to be performed by XGT as provided
by a mutually agreed Addendum, and arrange, at Customer discretion, any meetings or conferences with any other officers
or technical managers of Customer or any subsidiary or affiliate of Customer, or with third parties. All instructions
from Customer to XGT shall be made in written form and acknowledged by XGT. XGT’s Personnel shall perform work, and arrange
delivery to Customer, all services as set forth in Addenda for the time being attached to this Agreement.

 

ARTICLE IV. TERM AND TERMINATION OF
AGREEMENT

This Agreement is effective as of the date
first set forth above, and shall, without prejudice to any obligation or commitment incurred up until such point in time, continue
until terminated as set forth herein.

 

XGT shall commence and render services
for such term and duration hereunder as set forth in the Addenda for the time being attached to this Agreement.

 

In the event of any termination hereof,
any and all compensation due and payable to XGT shall be prorated to reflect services actually rendered and expenses incurred by
XGT to date of termination in accordance with the terms of this Agreement, and Customer’s obligation to XGT shall be limited
to compensation up to the effective date of termination.

 

Either party may elect to terminate this
Agreement immediately upon delivery of written notice upon any material failure, inability or refusal by the other party to perform
its obligations under this Agreement, and such party may thereafter pursue any remedies it may have at law or otherwise.

 

ARTICLE V. REPORTS/SOFTWARE

XGT agrees that XGT and XGT’s Personnel
will make all reports and present all deliverables specified in the Addenda upon completion of the tasks thereunder. XGT and XGT’s
Personnel will prepare and submit written progress reports as may be requested by Customer from time to time.

 

All reports and documents and software
prepared pursuant to this Agreement by XGT or XGT’s Personnel relating to tasks or projects hereunder shall be delivered
to Customer in accordance with the applicable Addenda. XGT agrees to maintain adequate records and files of all work and activities
of XGT and XGT’s Personnel under this Agreement.

 

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ARTICLE VI. INDEPENDENT CONTRACTOR

 

XGT, XGT’s Personnel, and Customer
are independent entities. Nothing in this Agreement is intended to create the relationship of employer and employee between Customer
and XGT, or between Customer and any of XGT’s Personnel. Customer shall not make any deductions related to employer-employee
relationships. Neither XGT nor any of XGT’s Personnel shall be entitled to or qualified under any employee benefit plans,
including (but not limited to) pension, health, and insurance, provided by Customer for its employees.

 

Neither party has any authority to act
as the agent of the other, or to bind the other Party to any Agreement or undertaking whatsoever.

 

ARTICLE VII. INDEMNITY

Each party agrees to indemnify and hold
the other harmless from and against any direct damages, costs or expenses incurred as a direct result of the other party’s
breach of this Agreement.

 

ARTICLE VIII. FORCE MAJEURE

XGT shall not be liable for any damage,
delays or failures to perform any obligation hereunder caused by factors beyond its reasonable ability to control, including (without
limitation) changes in government regulations, acts of God, Customer's acts or omissions, labor shortages, strikes, slowdowns,
or other combined action of workmen, fires, floods, earthquakes, severe weather, serious accidents, epidemics, quarantines, wars,
insurrections or riots, acts of civil or military authorities, transportation embargoes, destruction of production facilities,
delays, shortages or interruptions to delivery of components and materials, and delays by XGT suppliers, and if XGT shall have
used commercially reasonable efforts to mitigate its effects, the performance shall be extended for the period of delay or inability
to perform due to such occurrences. XGT may in its sole discretion allocate available goods among customers as it may determine
or cancel orders without liability for any part thereof not shipped to the Customer upon refunding any allocable advance payments
received for the canceled portion.

 

ARTICLE IX. CONFIDENTIAL AND PROPRIETARY
INFORMATION

The Parties shall keep confidential and
not disclose to any third party any technical, commercial, business related, financial or company information received in relation
to this Agreement.

 

It is explicitly understood and agreed
that under no circumstances, and notwithstanding anything to the contrary contained herein, shall this Agreement including any
addenda, amendment or other instrument hereto, be interpreted to assign or otherwise transfer any industrial or intellectual property
of a Party hereto to the other.

 

Confidential Information shall mean any
information and data of a confidential nature, including but not limited to proprietary, developmental, technical, marketing, sales,
operating, performance, cost, trade secrets, know-how, policy, business, and process information, computer programming techniques,
and all record bearing media containing or disclosing such information or techniques. Confidential Information shall not be deemed
to be in the public domain merely because any part of said information is embodied in general disclosures or because individual
features, components, or combinations thereof are now or become known to the public.

 

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Each party agrees not to use the other
Party’s Confidential Information for any other purpose than as specified by the other Party in writing.

 

Copies and embodiments of, and media containing,
any and all Confidential Information of a Party, its parent, subsidiaries or affiliates, including but not limited to documents,
records, notebooks, shall remain the property of such Party, its parent, subsidiaries, or affiliates, respectively, and shall be
returned to the respective owner thereof upon request, and in any event no later than any expiration or termination date of this
Agreement. Copies of, and media containing, any and all Confidential Information which is the property of third parties contracting
or engaged in research, development, or business arrangements with a Party, its parent, subsidiaries or affiliates, shall
be delivered to such Party in accordance with the instructions of such Party and in any event no later than any expiration
or termination date of this Agreement.

 

The Parties’ respective obligations
under this Article IX shall survive any termination or expiration of this Agreement. Any liabilities, damages, or remedies incurred
or limited do to material breach of this Article IX will not be limited in any manner by any other provision of this Agreement.

 

The parties shall advise all of their respective
employees, officers, agents, and representatives, including any Subcontractors where applicable, of the terms and conditions of
this Agreement regarding Confidential Information, and require them to observe such conditions with respect to Confidential Information
and will, where appropriate, secure from each such person a contractual agreement which enforces the confidentiality of all Confidential
and Proprietary Information provided to XGT.

 

ARTICLE X. PROPRIETARY RIGHTS

 

Each Party shall continue
to own all Background Technology (meaning all intellectual property rights and know-how, technical design, engineering and test
data, manufacturing methodology, software, algorithms and other information and technology already owned or possessed by, known
to, developed by or for one of the parties independent of the contract work performed hereunder, or with respect to which a Party
may grant licenses to the other Party hereunder prior to or outside of the performance of this Agreement) it has provided to the
other Party hereunder.

 

Technology developed by XGT and which does
not to any extent contain any of Customer’s Background Technology shall be the property of XGT.

 

ARTICLE XI. WAIVER

Failure by any party hereto to enforce
any of the provisions of this Agreement, or any rights with respect hereto, or failure to exercise any election provided for herein,
shall in no way be considered a waiver of such provisions, rights, or elections or in any way affect the validity of this Agreement.
The failure by any party to enforce any of said provisions, rights or elections shall not prejudice such party from later enforcing
or exercising the same or any other provisions, rights, or elections it may have under this Agreement.

 

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ARTICLE XII. NOTICES

All notices provided for in this Agreement
shall be given in writing either by personal delivery of such notice, or by depositing the same, postage prepaid, in United States
mail addressed to the parties respectively at the following addresses:

 

	XGT:	 	xG Technology, Inc.
	 	 	240 South Pineapple Avenue, Suite 701,
	 	 	Sarasota, Florida 34236,
	 	 	 
	Customer:	 	NAME
	 	 	ADDRESS
	 	 	CITY, STATE, ZIP CODE

 

ARTICLE XIII. MODIFICATIONS MUST BE
IN WRITING

These terms and conditions shall not be
modified or rescinded by agreement, conduct or waiver unless specifically agreed to in writing by XGT's duly authorized representative.

 

ARTICLE XIV. SEVERABILITY

The invalidity or unenforceability by law
of all, or part of this Agreement shall not invalidate the remainder of the Agreement and will not affect the other provisions
hereof, and this Agreement will be construed in all respects as if such invalid or unenforceable provision were omitted.

 

ARTICLE XV. HEADINGS AND TITLES

All headings and titles in this Agreement
have been inserted only to facilitate reference and shall not be taken into account in the interpretation of this Agreement.

 

ARTICLE XVI. ASSIGNMENT

It is agreed that neither party shall have
the right to assign or transfer any duties, rights or obligations due hereunder without the express written consent of the other
party, except in the case that either party may assign the Agreement to its successor or any entity acquiring all or substantially
all of its assets.

 

ARTICLE XVII. ENTIRE AGREEMENT

This Agreement constitutes and expresses
the entire agreement of the parties as to the services and deliveries to be provided hereunder. Except for the Non-Disclosure Agreement
signed by the parties on _____________ 2012 which remains in full force and effect, all other previous matters, agreements, understandings
and representations of whatever nature relating to this Agreement, either oral or written, are hereby superseded or canceled. No
subsequent modification shall be valid unless and until reduced to writing and signed by the parties hereto.

 

ARTICLE XVIII WARRANTY AND LIABILITY
FOR DEFECTS

XGT warrants that the Services will be
conducted in accordance with industry standards and materially conform to agreed specifications, and XGT will undertake to rectify
any shortcoming in relation to said agreed specifications.

 

    	16

    	 

    

 

In no event however shall either Party’s
liability for performance under this Agreement for any and all damages, claims or penalties in the aggregate exceed ______ percent
(___%) of the contract value. In addition to the forgoing, neither Party shall in any event be liable for indirect losses, such
as lost profits, diminished production, costs of retaining a consultant, costs of equipment and similar costs or losses. This limitation
of liability does not, in any manner, limit either party’s liability for breach of the confidentiality provisions.

 

ARTICLE XIX. BILLING

XGT’s invoices are to be submitted
monthly in accordance with the applicable Addendum for services provided as at the date of invoice. All payments shall be made
in U. S. dollars. Terms shall net 30 days. Statements shall be addressed to:

 

	 	 	 
	 	Attn:	 	 
	 	 	 
	 	 	 

 

ARTICLE XX. CHOICE OF LAW AND CONSENT
TO JURISDICTION

This Agreement shall be construed and governed
by the laws of the State of Florida. Customer agrees that any action to collect payment of an invoice or enforce any of provision
of this Agreement may be brought in a court of competent jurisdiction in Sarasota County, Florida.

 

ARTICLE XXI. MARKETING

Both parties agree that this contract can
be publicly announced and jointly marketed for the mutual benefit of each.

 

IN WITNESS WHEREOF, the Parties
hereto have caused this Agreement to be executed in duplicate and their signatures affixed thereto as of the day and year first
above written.

 

	xG Technology, Inc.	 	NAME
	240 South Pineapple Avenue, Suite 701	 	ADDRESS
	Sarasota, FL 34236, U.S.A.	 	CITY, STATE, ZIP CODE
	 	 	 
	By:	 	 	By:	 
	 	 	 	 	 
	Title:	 	 	Title:	 

 

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	ADDENDUM AUTHORIZATION	 	Addendum No: 01
	 	Date:	 	 
	 	 	 	 

 The rates, terms and conditions set
forth in this addendum and the Agreement dated ________________________between xG Technology, Inc. and NAME OF COMPANY
(“NAME”), shall apply for the tasks defined in this addendum.

 

		I.	Job Classification:       Engineering
Services Contract

 

		II.	Engagement Description and General Obligations of the Parties:

 

In General:
XGT will provide engineering services to design and build an xMax wireless broadband network for the NAME OF COMPANY
operating (LOCATION). This network will provide a wireless voice and data network for businesses and private residences
(LOCATION).

 

More Specifically: 

 

		III.	Delivery of Tasks: The list of deliveries to be
performed by the parties is below:

 

	IV.	Terms:	Start:	 	 	Duration:	 	 

 

		V.	Cost:

 

XGT will charge Engineering & Installations
Services at an hourly rate of

 

Actual time and materials to be paid by
Customer following receipt from XGT from a monthly invoice for services provided up to the date of invoice and not previously billed
to, and paid by, Customer. The chart below is a preliminary estimate for the entire project.

 

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ACCEPTANCE AUTHORIZATION

 

 

	xG Technology, Inc. 	 	NAME OF COMPANY
	 	 	 	 	 
	By	 	 	By	 
	Title	 	 	Title	 
	Date	 	 	Date	 

 

    	19

    	 

    

 

 

RESELLER
AGREEMENT

 

240 South Pineapple Ave., Suite 701

Sarasota, FL 34236

(941) 953-9035

www.xgtechnology.com

xG TECHNOLOGY

 

    	20

    	 

    

 

RESELLER AGREEMENT

 

THIS AGREEMENT made effective as
of the __th day of _________, ______.

 

BETWEEN:

 

xG Technology, Inc.

A Delaware Corporation, carrying
on business in Florida

(The “Manufacturer”)

 

- And -

 

 

  

A ____ Corporation, carrying on
business in ___________

(The “Reseller”)

 

WHEREAS:

 

		A.	Manufacturer manufactures and wholesales ‘xMAX’ cognitive radio network equipment.
xMax is a fixed and mobile wireless broadband system that includes a LIST OF EQUIPMENT;

 

		B.	Reseller has it’s own line of products and is able to sell Manufacturer’s Products
as part of, or along with, Reseller’s products:

 

		C.	Manufacturer wishes to appoint Reseller as a non-exclusive and/or exclusive Reseller of Manufacturer’s
Products in the Territory and Field Of Use described on Exhibit “B”;

 

		D.	Reseller agrees to accept such appointment.

 

NOW THEREFORE, in consideration of the
mutual covenants herein and other good and valuable consideration given by each party to the other, the receipt and sufficiency
of all of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

		1.	DEFINITIONS

 

In this Agreement the following terms shall
have the following meanings:

 

		(a)	“Products” - means all Products sold or manufactured by the Manufacturer;

 

		(b)	“Current Product List” - the document attached hereto and incorporated herein, as Exhibit
“A”;

 

		(c)	“Territory and Field Of Use” - as described in the document attached hereto and incorporated
herein, as Exhibit “B”;

 

    	21

    	 

    

 

		(d)	“Person” - any natural person, corporation, partnership, or other entity or association.

 

		2.	GRANT OF RESALE

 

On the terms provided herein, Manufacturer
hereby appoints Reseller as a non-exclusive and/or exclusive Reseller within the Territory and Field Of Use, for resale of the
Products. Reseller accepts such appointment upon the terms and conditions set out herein.

 

		3.	TERM

 

		(a)	Unless sooner terminated in accordance with the provisions hereof, this Agreement commencing on
the date hereof shall expire on ______________.

 

		(b)	At or before the expiration of this Agreement the parties shall negotiate in good faith for the
renewal or extension of this Agreement, provided that Reseller has, upon the expiration of the term hereof, fully complied with
its obligations hereunder.

 

		4.	RESELLER’S GENERAL OBLIGATIONS

 

Reseller shall:

 

		(a)	Devote its best efforts to promoting, selling, and servicing the Products to customers within the
Territory and Field Of Use;

 

		(b)	Refrain from selling or shipping any Products to any Person outside the Territory and Field Of
Use or for use outside the Territory and Field Of Use;

 

		(c)	Use their best efforts to enact and carry out a merchandising policy designed to preserve the good
will that is associated with the name and reputation of Manufacturer and the Products;

 

		(d)	Conduct any and all sales activities in connection with the Products in a lawful manner, consistent
with the highest standards of fair trade, fair competition and business ethics and shall keep the interior and exterior of its
business premises in a good state of repair and in a clean and orderly manner and all Products shall be neatly and properly displayed
to the retail public; and

 

		(e)	Use its best efforts to diligently and faithfully develop demand for the Products and to solicit
purchases thereof so as to maintain a substantial and increasing volume of sales of the Products, Reseller further agrees that,
at all times hereunder, it will maintain adequate working capital, inventory, facilities and personnel to accomplish this purpose.

 

    	22

    	 

    
  

		5.	MANUFACTURER’S GENERAL OBLIGATIONS

 

Manufacturer shall:

 

		(a)	so long as Reseller is not in breach of any term of this Agreement, refrain from selling any Product
to any person, other than Reseller, who is engaged in the business of reselling, leasing or renting products similar to the Products
within the Territory and Field Of Use identified as exclusive; or to any person for direct use if delivery thereof will be made
to a location within the Territory and Field Of Use identified as exclusive;

 

		(b)	promptly refer to Reseller all leads, prospects, and related information which are directed to
it or which it receives regarding potential purchasers of any Product within the Territory and Field Of Use identified as exclusive;

 

		(c)	in the event Manufacturer discontinues the manufacture of any of the Products, continue, for a
reasonable time after such discontinuance, to make available to Reseller replacement parts for such discontinued Products, to the
extent necessary to service such discontinued Products previously sold to Reseller;

 

		(d)	provide Reseller with suggested retail list prices for each of the Products sold to Reseller, but
such prices shall in all cases be suggestions only and shall not be binding upon Reseller;

 

		(e)	In addition to the provisions of paragraph 6 hereof, supply Reseller with all Products reasonably
required by Reseller.

 

		6.	PURCHASE AND SALE OF PRODUCTS

 

		(a)	Initial Purchase. Reseller hereby agrees to purchase
the following items (hereinafter referred to as the “Initial Purchase Items”) from Manufacturer: Initial Purchase
Commitment of _____________

 

		(b)	Minimum Purchase Obligations. In addition to the Initial Purchase Items set out in Section
6(a) above, Reseller shall, during the term of this Agreement, place minimum purchase orders with Manufacturer as follows: Minimum
Purchase Obligations of $________for 12 month period after product starts shipping

 

		7.	PRICES AND TERMS OF PAYMENT

 

		(a)	For all Products listed on the Current Product List, Manufacturer shall charge Reseller the prices
indicated less _____% discount thereon, unless and until such prices are changed in accordance with the provisions hereof.

 

		(b)	Manufacturer may change the prices for its Products but only if it first gives Reseller written
notice of any increase at least thirty (30) days before the change takes effect. In the event of any increase, Manufacture shall
charge the unincreased price for any Products for which orders from Reseller are postmarked prior to the expiration of such thirty
(30) day notice period.

 

    	23

    	 

    

 

		(c)	Payment of the purchase price for Products delivered to Reseller by Manufacturer shall be payable
within thirty (30) days of the date of invoice so long as the maximum amount owing by Reseller to Manufacturer at any point in
time, inclusive of interest charges, is equal to or less than $ TBD. If the sum owing to Manufacturer by Reseller at any point
and time exceeds $TBD, Manufacturer may or may not choose to ship Products to Reseller, to be decided by Manufacturer at its sole
discretion, and any such shipment if made, shall be payable upon delivery or in accordance with the terms of Manufacturer’s
invoice as established by Manufacturer from time to time. Interest shall accrue on all outstanding and overdue accounts at the
rate of _________ (_____%) per cent per annum, calculated monthly.

 

		8.	DELIVERY

 

Manufacturer shall deliver purchased Products
to Reseller at its main location, being, as of the date of this Agreement, _________________________________________________. Reseller
shall give Manufacturer two (2) weeks’ written notice before each shipment is required. Manufacturer shall not be liable
for any failure to deliver hereunder, where such failure has been occasioned by fire, embargo, strike, failure to secure materials
from the usual source of supply, or any other circumstance beyond Manufacturer’s control which prevents Manufacturer from
making deliveries in the normal course of its business. Manufacturer shall, however, promptly make delivery, at the agreed price,
when any such cause interfering with delivery shall have been removed. Notwithstanding anything in this Agreement, however, Manufacturer
shall only be obligated to make delivery of Products to Reseller to the extent the purchase price of such Products are prepaid
by Reseller.

 

		9.	CONFIDENTIAL INFORMATION

 

Reseller shall neither use nor disclose
to any third parties any confidential information concerning the business, affairs or the Products of Manufacturer which Reseller
may acquire during the course of its activities under this Agreement (or any prior agreements between the Manufacturer and Reseller).
In addition, Reseller shall take any and all necessary precautions to prevent any such disclosure by any and all of its employees,
officers, directors, representatives, agents or sub-Resellers. Reseller further acknowledges and understands that any right, title
and interest in and to the aforesaid confidential information is vested in Manufacturer and that such information is the sole property
of Manufacturer. For purposes of this Agreement, it is understood by the parties hereto that the term “confidential information”
shall include, but is not limited to, trade secrets and unpatentable intellectual property.

 

		10.	TRADEMARKS, PATENTS AND COPYRIGHTS

 

10.1          Ownership
of Trademarks, Patents and Copyrights. Reseller hereby acknowledges the Manufacturer's exclusive right, title and interest
in and to any and all trademarks and trade names (hereinafter such trademarks and trade names shall be collectively referred to
as the “Trademarks”), patents (“Patents”) and copyrights (“Copyrights”) which the Manufacturer
may have at any time adopted, used, registered or been issued in the United States or in any other location, and Reseller agrees
that it shall not do, or cause to be done, any acts or things contesting or in any way impairing or tending to impair any portion
of Manufacturer’s right, title and interest in and to the Trademarks, Patents and Copyrights. Reseller further acknowledges
that, in connection with any reference to the Trademarks, Patents and Copyrights, Reseller shall not in any manner represent that
it possesses any ownership interest in the Trademarks, Patents and Copyrights or the registration thereof, nor shall any action
taken by Reseller or on Reseller’s behalf create in Reseller’s favor any right, title or interest in and to the Trademarks,
Patents and Copyrights.

 

    	24

    	 

    

 

10.2          Copyright
Protection. Reseller acknowledges the validity of the Copyrights in any and all written material and/or packaging to which
the Manufacturer has filed a claim for copyright protection. Additionally, Reseller recognizes the Manufacturer’s exclusive
right to seek copyright protection for and/or the registration of copyright of any translation of any and all sales literature,
promotional or descriptive material furnished to Reseller by Manufacturer.

 

10.3          Patent
Protection. Reseller acknowledges the validity of the Patents in the Products and in any and all other products or items which
have been patented by the Manufacturer. Additionally, Reseller recognizes Manufacturer’s exclusive right to apply for a patent
for any new products which may subsequently automatically be covered by this Agreement.

 

10.4          Prominence
of Trademarks, Patents and Copyrights. Reseller agrees to give due prominence to the fact that the Trademarks, Patents and
Copyrights are the property of Manufacturer and in the event that Reseller refers to the Trademarks, Patents and Copyrights in
advertising, promoting or in any other manner so as to identify the Products, Reseller shall clearly indicate Manufacturer’s
ownership of the Trademarks, Patents and Copyrights. Reseller further agrees that before distributing or publishing any sales literature,
promotional or descriptive materials, Manufacturer has the right to inspect and approve of such materials and the Reseller shall
provide Manufacturer with an opportunity to inspect and approve such materials.

 

10.5          Compliance
with Laws. Reseller agrees that, when referring to the Trademarks, Patents and Copyrights, it will comply with any and all
applicable federal and provincial laws and regulations pertaining to the Trademarks, Patents and Copyrights or trademarks, trade
names, patents or copyrights in general. Reseller further agrees to comply with any and all marketing requirements pertaining to
the Trademarks, Patents or Copyrights or trademarks, trade names, patents and copyrights in general.

 

10.6          Notification
of Violations. Reseller shall promptly notify the Company, in writing, of any and all infringements, imitations, illegal use
or misuse of the Trademarks, Patents and/or Copyrights which shall come to Reseller’s attention. Reseller further agrees
that it shall not at any time take any action in and before any courts, administrative agencies, or other such tribunals, or otherwise
attempt to prevent the infringement, imitation, illegal use or misuse of the Trademarks, Patents and/or Copyrights. Reseller understands
that such action falls wholly within the authority of Manufacturer as the sole owner of the Trademarks, Patents and Copyrights.

 

10.7          Assistance
in the Protection of the Trademarks, Patents and Copyrights. Reseller agrees to render to Manufacturer any and all assistance
requested of it by Manufacturer in connection with the protection of the Trademarks, Patents and/or Copyrights, whether such protection
is sought in and before any courts, administrative agencies or other such tribunals, and to make promptly available to Manufacturer
the Reseller’s representatives, employees, officers, directors, attorneys, agents and sub-Resellers, any files, records,
and any other information it possesses or to which it has access which may be of use or valid to Manufacturer in such connection.

 

    	25

    	 

    

 

		11.	WARRANTIES

 

		(a)	For each Product sold by Manufacturer to Reseller, Manufacturer shall provide Reseller with the
same limited warranty for the Product which Manufacturer provides its own customers;

 

		(b)	Reseller shall provide such manufacturer’s warranty to all persons who purchase any Product
from it, without varying any of its terms or provisions; and

 

		(c)	Manufacturer shall in Manufacturer’s sole and unfettered discretion promptly either repair
or replace any Product which malfunctions, fails to operate, or is otherwise defective, and which is covered under the warranty,
whether such Product is owned at the time of the malfunction by Reseller or a customer of Reseller.

 

		12.	INDEMNITY

 

Reseller shall indemnify Manufacturer and
hold Manufacturer harmless from and against, and shall defend against, any and all claims and damages of every kind for injury
to or death of any person or persons and for damage to or loss of property, arising out of or attributed, directly or indirectly,
to the conduct, operations or performance of Reseller. In addition, Reseller shall at all times during the term hereof maintain
product liability insurance covering all Products sold by Reseller to its customers in aggregate limits of at least $1,000,000.00
per occurrence, which policies shall name Manufacturer as an additional insured. Reseller shall provide Manufacturer with a true
copy of the insurance policy in respect of the insurance as aforesaid.

 

		13.	CONSEQUENTIAL DAMAGES EXCLUDED

 

Manufacturer agrees to use its best efforts
to satisfy and fill orders placed by Reseller. However, it is understood that lead time will vary according to manufacturing and
other conditions and, subsequently, any and all delivery dates communicated by Manufacturer are mere estimates and under no circumstances
shall Manufacturer on account of late delivery or non-delivery be liable to Reseller, its agents, sub-Resellers, customers or any
other persons for any special or consequential damages, whether based upon lost goodwill, lost resale profits, work stoppage, impairment
of other goods, breach of contract, negligence or such other actions as may be deemed or alleged to be the cause of loss or damage
to such a person.

 

		14.	ASSIGNMENT

 

Neither Party may assign, transfer or delegate
any of the rights or obligations hereunder without the prior written consent of the other Party. Either Party may assign its rights
and obligations hereunder to any affiliate or successor in interest to all or substantially all of the assets or business of such
Party, without the consent of the other Party. It shall specifically not be unreasonable for Manufacturer to refuse consent to
Reseller’s request to assign this Agreement to a third party if:

 

    	26

    	 

    

 

		(a)	Reseller is in default as to any of its obligations hereunder at the time it requests such consent;

 

		(b)	The proposed assignee is not financially capable of performing the remaining obligations of Reseller
hereunder;

 

		(c)	The proposed assignee does not agree to assume all remaining obligations of Reseller hereunder;
or

 

		(d)	The proposed assignee does not otherwise meet all of Manufacturer’s standards for new dealers
and Resellers in effect at the time of the request.

 

		15.	INDEPENDENT CONTRACTOR RELATIONSHIP

 

Reseller agrees that, with respect to all
matters relating to this Agreement, Reseller shall be deemed to be an independent contractor and shall bear all of its own expenses
in connection with this Agreement. Reseller shall have no authority, whether express or implied, to assume or create any obligation
on behalf of Manufacturer nor shall Reseller issue or cause to be issued any quotations or draft any letters or documents over
the name of Manufacturer, but rather shall use its own name for such purposes.

 

		16.	TERMINATION OF AGREEMENT

 

		(a)	By Manufacturer. This Agreement may be terminated by Manufacturer at its option and without
prejudice to any other remedy to which it may be entitled at law, in equity, or otherwise under this Agreement, in the following
circumstances and in the manners indicated:

 

		(i)	Immediately upon notice from Manufacturer, if Reseller is adjudicated a voluntary or involuntary
bankrupt;

 

		(ii)	Immediately upon notice from Manufacturer, if Reseller allows any money judgment against it to
remain unsatisfied for a period of thirty (30) days or longer;

 

		(iii)	Immediately upon notice from Manufacturer, if Reseller becomes insolvent or has a receiver of its
assets or property appointed;

 

		(iv)	Immediately upon notice from Manufacturer, if Reseller makes an assignment for the benefit of creditors;

 

		(v)	Immediately upon notice from Manufacturer, if Reseller institutes or suffers to be instituted any
proceeding for a reorganization or a rearrangement of its affairs;

 

    	27

    	 

    

 

		(vi)	Immediately upon notice from Manufacturer if Reseller sells, leases, rents or ships any Products
outside the Territory and Field Of Use or to any party that Reseller knows or ought to know will use the Products outside the Territory
and Field Of Use;

 

		(vii)	Upon seven (7) days’ written notice and demand to cure from Manufacturer, if Reseller is
in default in the performance of any material or financial obligations (excluding the minimum purchase obligations set forth in
Section 6(b) hereinabove) under this Agreement; if Reseller cures any such default within the seven (7) day notice period, then
such notice shall be of no force or effect.

 

		(b)	By Reseller. This Agreement may be terminated by Reseller at its option and without prejudice
to any other remedy to which it may be entitled at law, in equity, or otherwise under this Agreement, in the following circumstances
and in the manners indicated:

 

		(i)	Immediately upon notice from Reseller, if Manufacturer is adjudicated a voluntary or involuntary
bankrupt;

 

		(ii)	Immediately upon notice from Reseller, if Manufacturer becomes insolvent or has a receiver of its
assets or property appointed; or

 

		(iii)	Immediately upon notice from Reseller, if Manufacturer makes an assignment for the benefit of creditors.

 

		(c)	Non-Liability of Manufacturer. Manufacturer shall not be liable for consequential damages
of any kind, whether as a result of a loss by Reseller of present or prospective profits, anticipated sales, expenditures, investments,
commitments made in connection with this Agreement, or on account of any other reason or cause whatsoever.

 

		(d)	Upon the termination of this Agreement by either party for any reason, Manufacturer may, at its
option, repurchase from Reseller at the net price paid by Reseller to Manufacturer, any or all of the Products in the possession
or control of Reseller, and upon demand and the tender by Manufacturer of the repurchase price, Reseller shall deliver such goods
to Manufacturer forthwith. Manufacturer, however, reserves the right to reject any products not in condition fit for resale.

 

		17.	CHOICE OF LAW

 

All disputes concerning the validity, interpretation,
or performance of this Agreement and any of its terms or provisions, or of any rights or obligations of the parties hereto, shall
be governed by and resolved in accordance with the laws of the State of Florida.

 

		18.	NOTICES

 

All notices, demands, requests or other
communications that may be or are required or permitted to be served or given under this Agreement shall be in writing. Notices
may be served:

 

    	28

    	 

    

 

		(a)	Personally by leaving them with the party to whom they are addressed at that party's address as
set out below. Such notices shall be deemed received by the addressee when actually delivered provided such delivery shall be during
normal business hours; or

 

		(b)	By facsimile transmission (or by any other like method by which a written and/or recorded message
may be sent) directed to the party to whom it is addressed at that party's address as set out below. Such notices shall be deemed
received by the addressee on the next ensuing normal business day; or

 

		(c)	By mailing them by registered mail, postage prepaid, in a properly addressed envelope. Such notices
shall be deemed to be received by the addressee on the fifth (5th) day after the date on which any such notice is sent.

 

Until and unless a notice of change of
address is given pursuant hereto, for purposes hereof the addresses of the parties shall be:

 

 

	TO MANUFACTURER:	 
	xG Technology, Inc.	 
	Attention:	 	 
	Email:	 	 
	 	 
	TO RESELLER:	 
	 	 
	Attention:	 	 
	Fax No.:	 	 

 

		19.	WAIVER AND DELAY

 

No waiver by any party of any breach or
series of breaches or defaults in performance by the other party, and no failure, refusal or neglect of either party to exercise
any right, power or option given to it hereunder to insist upon strict compliance with or performance of either party’s obligations
under this Agreement, shall constitute a waiver of the provisions of this Agreement with respect to any subsequent breach thereof
or a waiver by either party of its right at any time thereafter to require exact and strict compliance with the provisions thereof.

 

		20.	SUCCESSORS AND ASSIGNS

 

This Agreement shall be binding upon and
enure to the benefit of the successors and assigns of the parties hereto, subject to the restrictions on assignment contained herein.
Either Party may assign its rights and obligations hereunder to any affiliate or successor in interest to all or substantially
all of the assets or business of such Party, without the consent of the other Party.

 

    	29

    	 

    

 

		21.	ENTIRE AGREEMENT

 

This Agreement contains all of the terms
and conditions agreed upon by the parties hereto with reference to the subject matter hereof. No other agreements, oral or otherwise,
shall be deemed to exist or to bind any of the parties hereto, and all prior agreements and understanding are superseded hereby.
This Agreement cannot be modified or changed except by written instrument signed by each of the parties hereto.

 

		22.	HEADINGS FOR CONVENIENCE

 

Titles used in this Agreement are for convenience
only and shall not be deemed to affect the meaning or construction of any of the terms, provision, covenants, or conditions of
this Agreement.

 

		23.	SEVERABILITY

 

Nothing contained in this Agreement shall
be construed as requiring the commission of any act contrary to law. Whenever there is any conflict between any provision of this
Agreement and any present or future statute, law, ordinance or regulation contrary to which the parties have no legal right to
contract, the latter shall prevail, but in such event the provision of this Agreement thus affected shall be curtailed and limited
only to the extent necessary to bring it within the requirements of the law. In the event that any part, article, section, paragraph,
sentence or clause of this Agreement shall be held to be indefinite, invalid or otherwise unenforceable, the indefinite, invalid
or unenforceable provision shall be deemed deleted, and the remaining part of the Agreement shall continue in full force and effect.
If any tribunal or court of competent jurisdiction deems any provision hereof unenforceable, such provision shall be modified only
to the extent necessary to render it enforceable and this Agreement shall be valid and enforceable and the parties hereto agree
to be bound by and perform same as thus modified.

 

IN WITNESS WHEREOF AND INTENDING TO BE
LEGALLY BOUND the parties have executed this Agreement by their respective proper signing officers authorized in that behalf, effective
the date first written above.

 

	xG Technology, Inc:	 	 

 

	BY:	 	 	BY:	 
	 	Signature	 	 	Signature

 

	Name & Title	Print Name & Title (if any)	 

 

    	30

    	 

    

 

EXHIBIT A

 

Current Product List

 

    	31

    	 

    

 

EXHIBIT B

 

Territory and Field Of Use

 

Non-exclusive:

 

Exclusive: Predetermined accounts TBD

 

    	32

    	 

    

  

 

Teaming Agreement

 

NAME OF COMPANY

 

xG Technology, Inc. 240 South Pineapple
Avenue, Suite 701, Sarasota FL 34236 

TEL: 941-954-8701     
FAX: 941-954-8595 www.xgtechnology.com

 

 

    	_____________-_____________ Teaming Agreement	33

    	 

    
 

TEAMING AGREEMENT

 

THIS TEAMING AGREEMENT
(the "Agreement") is made and entered into as of this __ day of ________, 2012 (the "Effective Date") by and
between xG Technology, Inc. (‘xGT’), a Delaware corporation, having
its principal place of business at 240 S. Pineapple Ave. Ste. 701, Sarasota, Florida and ___________________ a __________ corporation
with principal offices located at ____________________________________. xGT and _______ are each sometimes referred to individually
herein as a "Party," and collectively as the "Parties."

 

WHEREAS, xGT
and _____________ have agreed upon a teaming agreement to participate in solicited and unsolicited proposals for a third party
clients (“Client”) in LOCATION/COUNTRY, for the performance of certain services in connection with such Client's wireless
network development project (the "Services"); and

 

WHEREAS, xGT
and _____________ acknowledge the benefit to each party of developing a proposal with the goal of obtaining a contract for the
Services (the "Contract"); and, and

 

WHEREAS, the
Parties understand and agree that nothing herein obligates either Party to pursue any opportunity jointly with the other Party;

 

NOW, THEREFORE,
in consideration of the foregoing, the Parties agree as follows:

 

		1.	Definitions

 

As used herein, the following
terms shall have the following respective meanings:

 

		1.1	Prime Contract. The term “Prime Contract” shall mean any contract obtained between
Team Leader and a Client. Once a Prime Contract is in place, the parties will create a Subcontract to govern the relationship between
the parties while completing Services under the Prime Contract.

 

		1.2	Proposal. The term "Proposal" shall mean each project proposal delivered to a potential
or existing Client, by the Parties.

 

    	_____________-_____________ Teaming Agreement	34

    	 

    

 

		1.3	Schedule. The term “Schedule” shall mean the project-specific document(s) attached
hereto, delineating a client and project where the Parties plan to work together under the terms of this Teaming Agreement.

 

		1.3	Scope of Work. The term “Scope of Work” shall mean each scope of work delivered to
Client by the Team Leader , on behalf of the Parties as part of the Proposal.

 

		1.5	Services. The term "Services" shall mean the engineering and other consulting services
which shall, from time to time, be rendered by xGT and/or _____________ to a Client.

 

		1.6	Team Leader. The term “Team Leader” shall be the party designated in SCHEDULE A as
the proposed Prime Contractor for a specific opportunity.

 

		1.7	Team Member. The term “Team Member” shall be the party designated in SCHEDULE A as
the proposed Subcontractor for a specific opportunity.

 

		2.	Relationship

 

		2.1	During the term of this Agreement the Parties' relationship to each other shall be that of independent
contractors, and each Party shall exercise supervision and control over its own employees. Each Party shall use its own equipment,
tools and office space to perform its obligations hereunder, unless otherwise agreed upon in a Schedule.

 

		2.2	Unless specifically agreed in writing, neither Party is authorized to make commitments, representations,
warranties, or agreements, or act as an agent on behalf of the other and each Party agrees that it will not hold itself out as
having such authority.

 

		2.3	Nothing in this Agreement shall be deemed to constitute, create, give effect to, or otherwise recognize
a joint venture, partnership, or formal business entity of any kind between the Parties. Nothing herein shall be construed as providing
for the sharing of profits or losses arising out of the efforts of either or both of the Parties, except as may be provided for
in any resultant agreement entered into by the Parties for the provision of Services to a Client or Clients.

 

		2.4	Where there is a written agreement to jointly pursue either a solicited or unsolicited opportunity,
neither party will attempt to solicit such opportunity without the other party, unless otherwise agreed upon in writing.

 

    	_____________-_____________ Teaming Agreement	35

    	 

    

 

		2.5	Nothing in this Agreement shall preclude either Party from soliciting or accepting any contract
from any third party under any other existing or new project.

 

		2.6	The scope of this Teaming Agreement is confined to jointly pursuing opportunities with Client(s)
in LOCATION/COUNTRY. From time to time the Parties may elect to engage each other to perform sub-contract services for existing
or new clients, outside of this Agreement. These services will be documented and governed by a separate agreement(s).

 

		2.7	Each Party agrees that, during the term of this Agreement and for twelve (12) months after the
expiration or termination hereof, neither Party shall solicit nor accept for employment any employees or contractors of the other
Party who have worked on or performed Services in connection with the teaming arrangement described herein, without first obtaining
the express written consent of the other Party. Exclusions apply to individuals who have been previously engaged with the other
party prior to the parties entering this agreement.

 

		3.	Proposal Preparation

 

		3.1	Upon agreement to prepare a solicited or unsolicited proposal for a third party client, the Parties
shall draft a Schedule setting forth the pertinent Client and project information and delineating each Party’s responsibilities
with regard to the joint effort. Each Schedule shall be mutually agreed upon by the Parties, executed and, once executed, shall
be made a part of this Agreement. Parties’ roles for specific projects shall be clearly stated on SCHEDULE A.

 

		3.2	The Parties agree to make best efforts to meet agreed upon schedules and provide timely and accurate
information during the proposal preparation and subsequent review process.

 

		3.3	The Parties shall prepare and submit to the Client a proposal for the Services, including the information
and data provided by both Parties and identifying therein the contributions of each Party within the proposal. The Parties agree
to consult on decision affecting the content of the proposal regarding services or equipment to be provided. The Team Leader shall
be responsible for submitting the final approved version of the Proposal to the Client(s). The Team Member shall have the right
to review the proposal, to approve or disapprove sections of the proposal pertaining to their Services and its obligations and
responsibilities under the Proposal. All contacts by the Team Member with the Client will be made through, or with the prior consent
of the Team Leader. Neither Party shall submit a proposal, bid for the services separately or with others, take any action or make
any agreement or representation inconsistent with the Proposal and Schedule.

 

    	_____________-_____________ Teaming Agreement	36

    	 

    

 

		3.4	The Parties shall provide appropriate highly qualified personnel for, and use its best efforts
to support, the timely preparation of the proposal to be submitted to Client by preparing and submitting proposal material to the
Team Leader relating to the portion of the Services to be performed by each Party.

 

		3.5	Each Party shall bear all of its own expenses incurred in connection with the preparation of the
proposal under this Section 2.

 

		4.	Proposal Review and Contract Negotiations

 

		4.1	The Team Member agrees to assist the Team Leader with any additional information and data reasonably
required to assist the Client in its evaluation of the proposal and shall participate with The Team Leader as reasonably required,
in any negotiations, presentations, additional submittals, or the like deemed to secure the award of the Contract for the Services.
Each Party shall be solely responsible for the accuracy and completeness of any and all cost or pricing data, materials and certifications
or representations prepared by it and submitted to Client in connection with the proposal. The Parties agree to release, defend,
indemnify and hold the other harmless against any and all liability or loss which may arise in connection with such data, materials,
certifications or representations.

 

		4.2	In the event the Parties are successful in obtaining a Client Contract for Services, the Parties
shall, unless otherwise specifically required by Client, and subject to approval of Client and the requirements of the Contract,
fulfill the Services agreed upon in the Schedule. Any such agreement shall, where applicable, be subject to applicable laws, regulations,
and mandatory flow-down terms and conditions from the Prime Contract with the Client.

 

		4.4	Except as expressly identified in the Schedules, each Party shall bear all of its own costs, expenses,
risks and liabilities in performance of its obligations under this Section 3.

 

    	_____________-_____________ Teaming Agreement	37

    	 

    

 

		5.	Confidential and Proprietary Information

 

 

		5.1	The Parties, to the extent of their respective rights and abilities to do so, shall exchange such
technical information and data as are reasonably required of each to perform its part of the joint effort described herein.

 

		5.2	Each Party hereto agrees to keep in confidence and to use the same degree of care as it uses with
respect to its own proprietary data to prevent the disclosure to third parties of all technical information and confidential business
information (hereinafter called "Data") received from the other Party under this Agreement, if such Data is disclosed
in writing and designated by an appropriate stamp or legend by the disclosing Party to be of a proprietary nature.

 

		5.3	Such restriction shall not apply, however, to the extent such Data: (i) was in the public domain
at the time of disclosure or later comes into the public domain; (ii) was known to the receiving Party at the time of disclosure;
(iii) is authorized for disclosure by the written approval of the transmitting Party, (iv) is not unlawfully derived by the receiving
Party from a source other than the disclosing Party without restriction as to the use or disclosure of the Data; or (v) is independently
developed by the receiving Party without recourse to any proprietary data provided under this Agreement.

 

		5.4	The foregoing restrictions shall cease to apply upon the expiration of two (2) years from the Effective
Date. The provisions of this Section shall not limit either Party's right to use in accordance with the terms under which it is
received, any information disclosed by a third party who the receiving Party does not know or have reason to know received that
information directly or indirectly from the other Party under an obligation prohibiting such disclosure.

 

		5.5	Data qualifying as proprietary in accordance with Section 4 (a) above may be disclosed in confidence
to appropriate representatives of Client for proposal evaluation purposes only and may be used only in connection with the submission
of proposals resulting from this Agreement. Upon execution of a contract with the Teaming Partner as a result of any such proposal,
the terms of that contract shall govern with respect to subsequent use or disclosure of Data.

 

		5.6	Upon termination of this Agreement, Data shall be promptly returned to the owner thereof upon request
of the owner of said Data. All Data furnished hereunder may be destroyed by the custodian of such Data thirty (30) days following
termination of this Agreement. The recipient of any Data under this Agreement may retain, in its law or patent department files,
one copy of Data transmitted pursuant to this Agreement solely for purposes of determining compliance with this Section 4. It is
agreed that no license or sublicense to any patents or copyrights owned, licensed or otherwise held by either Party is granted
by this Agreement or by any discussions or confidential business data and/or proprietary data or information supplied hereunder.

 

    	_____________-_____________ Teaming Agreement	38

    	 

    

 

		5.7	Each Party shall designate in writing individuals within its organization as the only person(s)
authorized to receive Data exchanged between the Parties. Any proposal submitted hereunder and the pages relating thereto which
contain Data shall bear a restrictive legend acceptable to both Parties and Client.

 

		5.8	Inventions made by employees of either Party shall be owned by the Party employing the inventor(s).
Inventions made jointly by employees of the two Parties during the term of this Agreement shall be assigned to the Party with respect
to whose product line or services the invention most closely relates, and the filing and prosecution of any patent applications
on such inventions shall be at such Party's expense. The other shall have an irrevocable royalty-free license with the right to
sublicense the invention to its clients, and to practice such jointly made inventions throughout the world.

 

		6.	Intellectual Property

 

		6.1	For purposes of this Agreement "Invention" means any ideas, designs, concepts, techniques,
inventions, discoveries or improvements, whether or not patentable, conceived or reduced to practice by the personnel of either
Party in performance of this Agreement and the term “Materials” means literary works or other works of authorship (such
as programs, program listings, programming tools, documentation, reports, drawings and similar works) created by the personnel
of either Party in performance of this Agreement.

 

		6.2	For purposes of this Agreement the term Inventions and Materials will be treated as follows:

 

		6.2.1	If made solely by xGT personnel, Inventions and Materials are xGT property. xGT grants _____________
a non-exclusive, irrevocable, worldwide, and paid-up license under such Inventions, patent applications, and all patents issued
thereon, and under such Materials and copyrights therein.

 

		6.2.2	If made solely by _____________ personnel, Inventions and Materials are _____________’s property.
_____________ grants xGT a nonexclusive, irrevocable, worldwide, and paid-up license under such Inventions, patent applications,
and all patents issued thereon, and under such Materials and copyrights therein.

 

		6.2.3	If made by the personnel of both Parties, Inventions and all patent applications filed thereon
and all patents issuing thereon, and under such Materials and copyrights therein, are jointly owned by the Parties without accounting
to the other. Each party shall have the right to grant licenses to third parties or assign its rights therein without the consent
of the other. If any such consent is required by law, it is hereby granted.

 

    	_____________-_____________ Teaming Agreement	39

    	 

    

 

		6.3	All licenses granted in this section include, in the case of Inventions, the right to make, have
made, use, have used, lease, sell and/or otherwise transfer any apparatus, and/or practice and have practiced any method and includes
the right to grant, directly or indirectly, revocable or irrevocable sublicenses to its affiliates and, in the case of Materials,
the right to prepare and have prepared derivative works of such Materials and to execute, reproduce, transmit, display, perform,
transfer, and distribute such Materials or their derivative works, and to grant others the rights granted herein with respect to
such Materials.

 

Nothing contained in this Agreement
grants any license under any other materials or patent or patent applications arising out of any other inventions of either party.

 

		7.	Indemnification

 

		7.1	Each Party will defend and hold harmless the other Party, or at the other Party’s option
cooperate in the defense of the Indemnified Party, and hold the Indemnified Party and its personnel harmless from any resultant
losses, liabilities, damages, costs, and expenses (including legal fees) resulting from any claims that arise or are alleged to
have arisen as a result of:

 

		(i)	Negligent or intentional acts or omissions of the Indemnifying Party or its personnel or breach
by the Indemnifying Party of any term of this Agreement; or

 

		(ii)	The Indemnifying Party’s products or services infringing or misappropriating the intellectual
property rights of a third party.

 

		7.2	The Indemnifying Party’s obligations under this section shall not apply to any infringement
or misappropriation arising from a modification by the Indemnified Party of any information, data or drawings provided by the Indemnified
Party pursuant to this Agreement, if such infringement or misappropriation arises solely from such modification.

 

		8.	Limitation of Liability

 

In no event shall either Party
be liable to the other Party for any indirect, incidental, special or consequential damages (including, but not limited to loss
of profits, loss of interest or other financing charges or loss of use), whether arising from a termination of this Agreement or
otherwise.

 

		9.	Term and Termination

 

		9.1	The Term of this Agreement shall be twelve (12) months, commencing on the date of signature. Upon
expiration, this Agreement may be renewed by mutual, written agreement of the Parties.

 

		9.2	Unless extended by mutual written agreement of the Parties, the provisions of this Agreement as
they relate to any particular Proposal shall automatically expire and terminate upon the happening of any of the following events,
whichever shall first occur. Upon such event, each Party shall be free to pursue a direct and independent contractual relationship
with such Client for the Services requested in such Solicitation Documents, and the terms of this Agreement shall not apply to
the Parties with respect to such Services as requested by Client.

 

    	_____________-_____________ Teaming Agreement	40

    	 

    

 

		a.	The failure of the Parties to reach mutual agreement on the terms of a contemplated proposal;

 

		b.	Disapproval by Client of either Party’s proposed services; provided, however, if Client requests
changes in proposal submitted by the Parties, this Agreement shall not be deemed terminated unless the Parties fail to reach a
timely agreement to effect such changes;

 

		c.	By mutual agreement of the Parties; or

 

		d.	Elapse of fifteen (15) months from the date of this Agreement without award to either Party of
a Contract for the Services; provided, however, that if a proposal has been submitted and is under consideration by a Client
upon the expiration of such period, this Agreement shall continue in force until terminated pursuant to one of the foregoing conditions.

 

		9.3	The Parties agree that the indemnity provisions of Sections 2.7, 5, 6, 7 shall survive any termination
of this Agreement in accordance with the terms set forth therein.

 

		10.	Order of Precedence

 

In the event of any inconsistency
between the terms and conditions of this Agreement and the terms and conditions of any Statement of Work issued pursuant to this
Agreement, the order of precedence will be: (1) Amendments to this Agreement, (2) this Agreement (3) Statement of Work.

 

		11.	Governing Law

 

This Agreement and the Statements
of Work shall be governed by the laws of Florida.

 

		12.	Arbitration

 

If any dispute or question (a
“dispute”) shall arise between the Parties concerning the interpretation of this Agreement or any part thereof, the
Parties shall attempt in good faith to resolve such disputes. If the Parties have not agreed to a settlement of the dispute within
30 days from the date of which the dispute first arose, then the Parties agree that the dispute shall be submitted to arbitration.
Such disputes shall not be made the subject matter of an action in any court by any Party unless the dispute has been first submitted
to arbitration and finally determined by the arbitrator(s). Any such action commenced thereafter shall only be for the purpose
of enforcing the decision of the arbitrator(s) and the cost incidental to the action. In any such action the decision of arbitrators
shall be conclusively deemed to determine the rights and liabilities as between the Parties to the arbitration in respect of the
matter in dispute.

 

    	_____________-_____________ Teaming Agreement	41

    	 

    

 

		13.	Assignment

 

Neither Party may assign, transfer
or delegate any of the rights or obligations hereunder without the prior written consent of the other Party. Either Party may assign
its rights and obligations hereunder to any affiliate or successor in interest to all or substantially all of the assets or business
of such Party, without the consent of the other Party.

 

		14.	General

 

		14.1	This Agreement contains the entire agreement between the Parties and supersedes any prior or contemporaneous
oral or written agreements, commitments, understandings or communications with respect to the subject matter hereof.

 

		14.2	No subsequent modification of this Agreement shall be binding upon the Parties unless reduced to
writing and signed by an authorized officer of each of the Parties.

 

		14.3	The failure of either Party to enforce at any time any of the provisions of this Agreement, or
to require at any time performance by the other Party of any of the provisions hereof, shall in no way be construed to be a waiver
of such provision, nor in any way to affect the validity of this Agreement or any Party thereof, or the right of either Party thereafter
to enforce each and every provision.

 

		14.4	Except for changes otherwise specifically permitted herein, this Agreement, or any Schedules, may
not be changed or amended except by a written agreement between the parties.

 

		14.5	Neither party shall be liable for any delays resulting from circumstances or causes beyond its
reasonable control, including, without limitation, fire or other casualty, act of God, strike or labor dispute, war or other violence,
or any law, order or requirement of any governmental agency or authority, power outages, and interruption of normal day to day
life as a result of unexpected or unscheduled events.

 

    	_____________-_____________ Teaming Agreement	42

    	 

    

 

IN WITNESS WHEREOF, the Parties
have caused this Agreement to be duly executed by their authorized representatives as of the Effective Date.

 

	xG Technology, Inc.	 	 	 
	 	 	 	 
	By:	 	 	By: 	 
	Name:	 	 	Name:	 
	Title:	 	 	Title:	 
	Date:	 	 	Date:	 

 

    	_____________-_____________ Teaming Agreement	43

    	 

    

 

Schedule A

 

	xG Technology, Inc.	 	 	 
	 	 	 	 
	By:	 	 	By: 	 
	Name:	 	 	Name:	 
	Title:	 	 	Title:	 
	Date:	 	 	Date:	 

 

    	_____________-_____________ Teaming Agreement	44Ex 10.2

 

INDEMNITY AGREEMENT

 

This INDEMNITY AGREEMENT
(the “Agreement”) is dated as of [__] [____] 2013, and is made by and between xG Technology, Inc. a Delaware corporation
(the “Company”), and [_____], an officer or director of the Company (the “Indemnitee”).

 

RECITALS

 

A.           The
Company is aware that competent and experienced persons are increasingly reluctant to serve as directors or officers of corporations
unless they are protected by comprehensive liability insurance and/or indemnification, due to increased exposure to litigation
costs and risks resulting from their service to such corporations, and due to the fact that the exposure frequently bears no reasonable
relationship to the compensation of such directors and officers;

 

B.           The
Board of Directors of the Company (the “Board”) has concluded that, to retain and attract talented and experienced
individuals to serve as officers and directors of the Company and to encourage such individuals to make the business decisions
necessary or appropriate for the success of the Company and its Subsidiaries (as defined in Section 1 below), it is necessary for
the Company contractually to indemnify its directors and certain of its officers, and certain of the directors and officers of
its Subsidiaries, and to assume for itself maximum permissible liability for Expenses, losses, liabilities and damages in connection
with claims against such officers and directors relating to their service in such capacities, and has further concluded that the
failure to provide such contractual indemnification could result in significant harm to the Company and its Subsidiaries and the
Company’s stockholders;

 

C.           The
statutes and judicial decisions regarding the duties of directors and officers are often difficult to apply, ambiguous, or conflicting,
and therefore fail to provide such directors and officers with adequate, reliable knowledge of legal risks to which they are exposed
or information regarding the proper course of action to take;

 

D.           Plaintiffs
often seek damages in such large amounts and the costs of litigation may be so great (whether or not the case is meritorious),
that the defense and/or settlement of such litigation may be beyond the personal resources of directors and officers;

 

E.           Section
145 of the General Corporation Law of Delaware, under which the Company is organized (the “Law”), empowers the Company
to indemnify by agreement its officers, directors, employees and agents, and persons who serve, at the request of the Company,
as directors, officers, employees or agents of other corporations or enterprises, and expressly provides that the indemnification
provided by the Law is not exclusive; further the provisions of the Amended Certificate of Incorporation of the Company (the “Certificate
of Incorporation”) specifically state that the rights to indemnification and payment of expenses described therein are not
exclusive, and thereby contemplate that contracts with respect to indemnification and payment of Expenses by the Company and similar
obligations of the Company may be entered into by and between the Company and persons entitled to such rights described in the
Certificate of Incorporation; and

 

    	 

    	 

    

 

F.           The
Company desires and has requested the Indemnitee to serve or continue to serve as a director or officer of the Company. As an inducement
to serve and in consideration for such service, the Company has agreed to indemnify the Indemnitee for claims for damages arising
out of or related to the performance of such services to the Company in accordance with the terms and conditions set forth in this
Agreement.

 

NOW, THEREFORE, the
parties hereto, intending to be legally bound, hereby agree as follows:

 

1.           Definitions.

 

1.1.          Agent.
For the purposes of this Agreement, “Agent” of the Company means any person who is or at any time was a director or
officer of the Company or a subsidiary of the Company; or is or at any time was serving at the request of, for the convenience
of, or to represent the interest of the Company or a subsidiary of the Company as a director or officer of another foreign or domestic
corporation, partnership, joint venture, trust or other enterprise or an affiliate of the Company; or was a director or officer
of another enterprise or affiliate of the Company at the request of, for the convenience of, or to represent the interests of such
predecessor corporation. The term “enterprise” includes any employee benefit plan of the Company, its subsidiaries,
affiliates and predecessor corporations.

 

1.2.          Change
in Control. “Change in Control” means a change in control of the Company occurring after December 1, 2008, of a nature
that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar
item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934 (the “Act”), whether or
not the Company is then subject to such reporting requirement; provided, however, that, without limitation, such
a Change in Control shall be deemed to have occurred if after December 1, 2008, (i) any “person” (as such term is used
in Sections 13(d) and 14(d) of the Act) other than a trustee or other fiduciary holding securities under an employee benefit plan
of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions
as their ownership of stock of the Company is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Act), directly or indirectly, of securities of the Company representing 15% or more of the combined voting power of the Company’s
then outstanding securities without the prior approval of at least two-thirds of the members of the board of directors of the Company
in office immediately prior to such person attaining such percentage interest; (ii) there occurs a proxy contest, or the Company
is a party to a merger, consolidation, sale of assets, plan of liquidation or other reorganization not approved by at least two-thirds
of the members of the board of directors of the Company then in office, as a consequence of which members of the board of directors
in office immediately prior to such transaction or event constitute less than a majority of the board of directors thereafter;
or (iii) during any period of two consecutive years, other than as a result of an event described in clause (ii) of this subsection
(c), individuals who at the beginning of such period constituted the board of directors of the Company (including for this purpose
any new director whose election or nomination for election by the Company’s stockholders was approved by a vote of at least
two-thirds of the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute
at least a majority of the board of directors.

 

    	2

    	 

    

 

1.3.          Company.
As used herein the term “Company” includes all successors and assigns to the Company, including, without limitation,
any corporation or other entity that is a successor to the Company by virtue of a Change in Control.

 

1.4.          Controlled.
“Controlled” means subject to the power to exercise a controlling influence over the management or policies of a corporation,
partnership, joint venture, trust or other entity.

 

1.5.          Expenses.
For purposes of this Agreement, “Expenses” includes all direct and indirect costs of any type or nature whatsoever
(including, without limitation, attorneys’ fees and related disbursements and retainers, costs of travel, other out-of-pocket
costs such as fees and disbursements of expert witnesses, private investigators and professional advisors, court costs, transcript
costs, fees of experts, duplicating, printing, and binding costs, telephone and fax transmission charges, postage, delivery services,
secretarial services and other disbursements and expenses and reasonable compensation for time spent by the Indemnitee for which
he is not otherwise compensated by the Company or any third party) actually and reasonably incurred by the Indemnitee in connection
with the investigation, defense or appeal of a proceeding or establishing or enforcing a right to indemnification or advancement
of expenses under this Agreement, Section 145 of the Law or otherwise.

 

1.6.          Proceeding.
For the purposes of this Agreement, a “Proceeding” means any threatened, pending, or completed action, suit, arbitration,
alternate dispute resolution process, investigation, administrative hearing, appeal, inquiry or other proceeding, whether civil,
criminal, administrative, investigative or any other type whatsoever, whether formal or informal, including a proceeding initiated
by Indemnitee pursuant to Section 9 of this Agreement to enforce Indemnitee’s rights hereunder.

 

1.7.          Subsidiary.
For purposes of this Agreement, “Subsidiary” means any corporation, partnership, limited liability company, trust,
joint venture, or other entity of which more than fifty percent (50%) of the outstanding voting securities is owned directly or
indirectly by the Company, by the Company and one or more of its subsidiaries or by one or more of the Company’s subsidiaries.

 

2.           Agreement
to Serve. The Indemnitee agrees to serve and/or continue to serve as an agent of the Company, at the will of the Company (or
under separate agreement, if such agreement exists), in the capacity the Indemnitee currently serves as an agent of the Company,
faithfully and to the best of his ability, so long as he is duly appointed or elected and qualified in accordance with the applicable
provisions of the charter documents of the Company or any Subsidiary of the Company; provided, however, that the Indemnitee may
at any time and for any reason resign from such position (subject to any contractual obligation that the Indemnitee may have assumed
apart from this Agreement), and the Company or any Subsidiary shall have no obligation under this Agreement to continue the Indemnitee
in any such position. For the avoidance of doubt, the Company and Indemnitee each acknowledge and agree that the resignation or
other termination of Indemnitee as an agent of the Company under this paragraph 2 shall not impair any right that Indemnitee may
otherwise have to be indemnified under the terms of this Agreement.

 

    	3

    	 

    

 

3.           Directors’
and Officers’ Insurance. The Company shall, to the extent that the Board determines it to be economically reasonable,
maintain a policy of directors’ and officers’ liability insurance (“D&O Insurance”), on such terms
and conditions as may be approved by the Board.

 

4.           Mandatory
Indemnification. Subject to Section 9 below, the Company shall indemnify and hold the Indemnitee harmless to the fullest extent
permitted by the Law. Without limiting the generality of the foregoing, the Company shall indemnify and hold harmless the Indemnitee
as follows:

 

4.1.          Third
Party Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding (other
than an action by or in the right of the Company) by reason of the fact that he is or at any time was an agent of the Company,
or by reason of anything done or not done by him in any such capacity, against any and all claims, expenses and liabilities of
any type whatsoever (including, but not limited to, attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and
amounts paid in settlement) actually and reasonably incurred by him in connection with the investigation, defense, settlement or
appeal of such proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best
interests of the Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct
was unlawful; and/or

 

4.2.          Derivative
Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by or in the
right of the Company to procure a judgment in its favor by reason of the fact that he is or at any time was an agent of the Company,
or by reason of anything done or not done by him in any such capacity, against any and all claims, expenses and liabilities, including
without limitation attorneys’ fees, amounts paid in settlement of any such proceeding and all expenses actually and reasonably
incurred by him in connection with the investigation, defense, settlement, or appeal of such proceeding if he acted in good faith
and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Company; except that no indemnification
under this subsection shall be made in respect of any claim, issue or matter as to which such person shall have been finally adjudged,
in a judgment not subject to appeal, to be liable to the Company by a court of competent jurisdiction due to willful misconduct
of a culpable nature in the performance of his duty to the Company, unless and only to the extent that the Court of Chancery in
Delaware or the court in which such proceeding was brought shall determine upon application that, despite the adjudication of liability
but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such amounts which
the Court of Chancery or such other court shall deem proper; and/or

 

    	4

    	 

    

 

4.3.          Exception
for Amounts Covered by Insurance. Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee
for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties
and amounts paid in settlement) to the extent such have been paid directly to the Indemnitee by D&O Insurance.

 

5.           Partial
Indemnification and Contribution.

 

5.1.          Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some
or a portion of any expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise
taxes or penalties and amounts paid in settlement) incurred by him in the investigation, defense, settlement, or appeal of a proceeding
but is not entitled, however, to indemnification for all of the total amount thereof, then the Company shall nevertheless indemnify
the Indemnitee for such total amount except as to the portion thereof to which the Indemnitee is not entitled to indemnification.

 

5.2.          Contribution.
If the Indemnitee is not entitled to the indemnification provided in Section 4 for any reason other than the statutory limitations
set forth in the Law, then in respect of any threatened, pending or completed proceeding in which the Company is jointly liable
with the Indemnitee (or would be if joined in such proceeding), the Company shall contribute to the amount of Expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable by
the Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand
and the Indemnitee on the other hand from the transaction from which such proceeding arose and (ii) the relative fault of the Company
on the one hand and of the Indemnitee on the other hand in connection with the events which resulted in such Expenses, judgments,
fines or settlement amounts, as well as any other relevant equitable considerations. The relative fault of the Company on the one
hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such Expenses, judgments,
fines or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to this Section
5 were determined by pro rata allocation or any other method of allocation, which does not take account of the foregoing equitable
considerations.

 

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6.           Mandatory
Advancement of Expenses.

 

6.1.          Advancement.
Subject to Section 9 below, the Company shall advance all expenses incurred by the Indemnitee in connection with the investigation,
participation, defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is threatened to be made a
party by reason of the fact that the Indemnitee is or at any time was an agent of the Company or by reason of anything done or
not done by him in any such capacity. The Indemnitee hereby undertakes promptly to repay such amounts advanced only if, and to
the extent that, it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company under the
provisions of this Agreement, the Certificate of Incorporation, or Bylaws of the Company, the Law or otherwise. The advances to
be made hereunder shall be paid by the Company to the Indemnitee within thirty (30) days following delivery of a written request
therefor by the Indemnitee to the Company.

 

6.2.          Exception.
Notwithstanding the foregoing provisions of this Section 6, the Company shall not be obligated to advance any expenses to the Indemnitee
arising from a lawsuit filed directly by the Company against the Indemnitee if an absolute majority of the members of the Board
reasonably determines in good faith, within thirty (30) days of the Indemnitee’s request to be advanced expenses, that the
facts known to them at the time such determination is made demonstrate clearly and convincingly that the Indemnitee acted in bad
faith. If such a determination is made, the Indemnitee may have such decision reviewed by another forum, in the manner set forth
in Sections 8.3, 8.4 and 8.5 hereof, with all references therein to “indemnification” being deemed to refer to “advancement
of expenses,” and the burden of proof shall be on the Company to demonstrate clearly and convincingly that, based on the
facts known at the time, the Indemnitee acted in bad faith. The Company may not avail itself of this Section 6.2 as to a given
lawsuit if, at any time after the occurrence of the activities or omissions that are the primary focus of the lawsuit, the Company
has undergone a change in control. For this purpose, a change in control shall mean a given person or group of affiliated persons
or groups increasing their beneficial ownership interest in the Company by at least fifteen (15) percentage points without advance
Board approval.

 

7.           Notice
and Other Indemnification Procedures.

 

7.1.          Promptly
after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee
shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement,
notify the Company of the commencement or threat of commencement thereof.

 

7.2.          If,
at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 7.1 hereof, the Company has D&O
Insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with
the terms of such D&O Insurance policies.

 

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7.3.          In
the event the Company shall be obligated to advance the expenses for any proceeding against the Indemnitee, the Company, if appropriate,
shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee (which approval shall not be
unreasonably withheld), upon the delivery to the Indemnitee of written notice of its election to do so. After delivery of such
notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable
to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same
proceeding, provided that: (a) the Indemnitee shall have the right to employ his own counsel in any such proceeding at the Indemnitee’s
expense; (b) the Indemnitee shall have the right to employ his own counsel in connection with any such proceeding, at the expense
of the Company, if such counsel serves in a review, observer, advice, and counseling capacity and does not otherwise materially
control or participate in the defense of such proceeding; or (c) if (i) the employment of counsel by the Indemnitee has been previously
authorized by the Company, (ii) the Indemnitee shall have reasonably concluded that there may be a conflict of interest between
the Company and the Indemnitee in the conduct of any such defense or (iii) the Company shall not, in fact, have employed counsel
to assume the defense of such proceeding, then the fees and expenses of the Indemnitee’s counsel shall be at the expense
of the Company.

 

8.           Determination
of Right to Indemnification.

 

8.1.          To
the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Section 4.1
or 4.2 of this Agreement or in the defense of any claim, issue or matter described therein, the Company shall indemnify the Indemnitee
against expenses actually and reasonably incurred by him in connection with the investigation, defense or appeal of such proceeding,
or such claim, issue or matter, as the case may be, including without limitation Indemnitee’s attorneys’ fees.

 

8.2.          In
the event that Section 8.1 is inapplicable, or does not apply to the entire proceeding, the Company shall nonetheless indemnify
the Indemnitee unless the Company shall prove by clear and convincing evidence to a forum listed in Section 8.3 below that the
Indemnitee has not met the applicable standard of conduct required to entitle the Indemnitee to such indemnification.

 

8.3.          The
Indemnitee shall be entitled to select the forum in which the validity of the Company’s claim under Section 8.2 hereof that
the Indemnitee is not entitled to indemnification will be heard from among the following:

 

(a)          a
quorum of the Board consisting of directors who are not parties to the proceeding for which indemnification is being sought;

 

(b)          the
stockholders of the Company, provided however that the Indemnitee can select a forum consisting of the stockholders of the Company
only with the approval of the Company;

 

(c)          legal
counsel mutually agreed upon by the Indemnitee and the Board, which counsel shall make such determination in a written opinion;

 

(d)          a
panel of three arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last
of whom is selected by the first two arbitrators so selected; or

 

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(e)          the
Court of Chancery of Delaware or other court having jurisdiction of subject matter and the parties.

 

8.4.          As
soon as practicable, and in no event later than thirty (30) days after the forum has been selected pursuant to Section 8.3 above,
the Company shall, at its own expense, submit to the selected forum its claim that the Indemnitee is not entitled to indemnification,
and the Company shall act in the utmost good faith to assure the Indemnitee a complete opportunity to defend against such claim.

 

8.5.          If
the forum selected in accordance with Section 8.3 hereof is not a court, then after the final decision of such forum is rendered,
the Company or the Indemnitee shall have the right to apply to the Court of Chancery of Delaware, the court in which the proceeding
giving rise to the Indemnitee’s claim for indemnification is or was pending or any other court having jurisdiction of subject
matter and the parties, for the purpose of appealing the decision of such forum, provided that such right is executed within sixty
(60) days after the final decision of such forum is rendered. If the forum selected in accordance with Section 8.3 hereof is a
court, then the rights of the Company or the Indemnitee to appeal any decision of such court shall be governed by the applicable
laws and rules governing appeals of the decision of such court.

 

8.6.          Notwithstanding
any other provision in this Agreement to the contrary, the Company shall indemnify the Indemnitee against all Expenses incurred
by the Indemnitee in connection with any hearing or proceeding under this Section 8 involving the Indemnitee and against all Expenses
incurred by the Indemnitee in connection with any other proceeding between the Company and the Indemnitee involving the interpretation
or enforcement of the rights of the Indemnitee under this Agreement unless a court of competent jurisdiction finds that each of
the material claims and/or defenses of the Indemnitee in any such proceeding was frivolous or not made in good faith.

 

9.           Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement:

 

9.1.          Claims
Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims initiated or
brought voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings specifically authorized by
the Board or brought to establish or enforce a right to indemnification and/or advancement of Expenses arising under this Agreement,
the charter documents of the Company or any Subsidiary or any statute or law or otherwise, but such indemnification or advancement
of Expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or

 

9.2.          Unauthorized
Settlements. To indemnify the Indemnitee hereunder for any amounts paid in settlement of a proceeding unless the Company consents
in advance in writing to such settlement, which consent shall not be unreasonably withheld; or

 

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9.3.          Securities
Law Actions. To indemnify the Indemnitee on account of any suit in which judgment is rendered against the Indemnitee for an accounting
of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section
l6(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or local statutory
law; or

 

9.4.          Unlawful
Indemnification. To indemnify the Indemnitee if a final decision by a court having jurisdiction in the matter, in a judgment not
subject to appeal, shall determine that such indemnification is not lawful. In this respect, the Company and the Indemnitee have
been advised that the Securities and Exchange Commission takes the position that indemnification for liabilities arising under
the federal securities laws is against public policy and is, therefore, unenforceable and that claims for indemnification should
be submitted to appropriate courts for adjudication.

 

10.         Non-Exclusivity.

 

THE PROVISIONS
FOR INDEMNIFICATION AND ADVANCEMENT OF EXPENSES SET FORTH IN THIS AGREEMENT SHALL NOT BE DEEMED EXCLUSIVE OF ANY OTHER RIGHTS WHICH
THE INDEMNITEE MAY HAVE UNDER ANY PROVISION OF LAW, THE COMPANY’S CERTIFICATE OF INCORPORATION OR BYLAWS, THE VOTE OF THE
COMPANY’S STOCKHOLDERS OR DISINTERESTED DIRECTORS, OTHER AGREEMENTS OR OTHERWISE, BOTH AS TO ACTION IN THE INDEMNITEE’S
OFFICIAL CAPACITY AND TO ACTION IN ANOTHER CAPACITY WHILE OCCUPYING HIS POSITION AS AN AGENT OF THE COMPANY, AND THE INDEMNITEE’S
RIGHTS HEREUNDER SHALL CONTINUE AFTER THE INDEMNITEE HAS CEASED ACTING AS AN AGENT OF THE COMPANY AND SHALL INURE TO THE BENEFIT
OF THE HEIRS, EXECUTORS AND ADMINISTRATORS OF THE INDEMNITEE.

 

11.         Burden
of Proof. In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity
making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement, and the Company shall
have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination
contrary to that presumption.

 

12.         Duration
of Agreement.

 

This Agreement shall
continue until and terminate upon the later of: (a) 10 years after the date that the Indemnitee shall have ceased to serve as a
director and/or officer of the Company or director, officer, employee or agent of any other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise which the Indemnitee served at the request of the Company; or (b) one year after
the final, nonappealable termination of any Proceeding then pending in respect of which the Indemnitee is granted rights of indemnification
or advancement of Expenses hereunder and of any proceeding commenced by the Indemnitee pursuant to Section 10 of this Agreement
relating thereto.

 

    	9

    	 

    

 

13.         General
Provisions.

 

13.1.          Interpretation
of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification
and advancement of expenses to the Indemnitee to the fullest extent now or hereafter permitted by law, except as expressly limited
herein.

 

13.2.          Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal, or unenforceable for any reason whatsoever,
then:

 

(a)          the
validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, all portions
of any paragraphs of this Agreement containing any such provision held to be invalid, illegal, or unenforceable that are not themselves
invalid, illegal, or unenforceable) shall not in any way be affected or impaired thereby; and

 

(b)          to
the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraphs of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal
or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable
and to give effect to Section 13.1 hereof.

 

13.3.          Modification
and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the
parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.

 

13.4.          Subrogation.
In the event of full payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of the Indemnitee, who shall execute all documents required and shall do all acts that may be necessary or desirable
to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

13.5.          Counterparts.
This Agreement may be executed in one or more counterparts and via facsimile, each of which shall constitute an original, but all
of which when taken together shall constitute a single agreement.

 

13.6.          Successors
and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors and assigns of the parties
hereto.

 

13.7.          Notice.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given:
(a) if delivered by hand and signed for by the party addressee; or (b) if mailed by certified or registered mail, with postage
prepaid, on the third business day after the mailing date. Addresses for notices to either party are as shown on the signature
page of this Agreement or as subsequently modified by written notice.

 

    	10

    	 

    

 

13.8.          Gender.
The masculine, feminine or neuter pronouns used herein shall be interpreted without regard to gender, and the use of the singular
or plural shall be deemed to include the other whenever the context so requires.

 

13.9.          Governing
Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Delaware, as applied to
contracts between Delaware residents entered into and to be performed entirely within Delaware.

 

If the General Corporation
Law of the State of Delaware (the “Delaware Law”) or any other applicable law is amended after the date hereof to permit
the Company to indemnify Indemnitee for Expenses or liabilities, or to indemnify Indemnitee with respect to any action or Proceeding,
not contemplated by this Agreement, then this Agreement (without any further action be either party hereto) shall automatically
be deemed to be amended to require that the Company indemnify Indemnitee to the fullest extent permitted by the Delaware Law.

 

13.10.         Consent
to Jurisdiction. The Company and the Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State
of Delaware for all purposes in connection with any action or proceeding, which arises out of or relates to this Agreement.

 

13.11.         Attorneys’
Fees. In the event Indemnitee is required to bring any action to enforce rights under this Agreement (including, without limitation,
the payment or reimbursement of expenses of any proceeding described in Section 4), the Indemnitee shall be entitled to all reasonable
fees and expenses in bringing and pursuing such action, unless a court of competent jurisdiction finds each of the material claims
of the Indemnitee in any such action was frivolous and not made in good faith.

 

[Balance of the
Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF,
the parties hereto have entered into this Agreement effective as of the date first written above.

 

	xG TECHNOLOGY, INC.	 	INDEMNITEE
	 	 	 	 	 
	By:	 	 	By:	 
	Name:	 	 	Name:	 
	Title:	 	 	Title:	 
	 	 	 	 	 
	Date: [____] [__________] 2013	 	Date: [____] [__________] 2013
	 	 	 
	Address:	 	Address:

 

    	12

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