Document:

Secured Promissory Note - 158,100

 
Exhibit 4.57

 
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR SPEEDCOM
WIRELESS CORPORATION SHALL HAVE RECEIVED AN OPINION OF ITS COUNSEL THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED. 
 
 
SPEEDCOM WIRELESS CORPORATION 
 
SECURED PROMISSORY NOTE 
 

	 U.S. $158,100.00
	 	 New York, New York

	 	 	 January 31, 2003

 
FOR
VALUE RECEIVED, the undersigned, Speedcom Wireless Corporation, a Delaware corporation (the “Borrower”), hereby promises to pay to the order of DMG LEGACY INSTITUTIONAL FUND LLC or any future permitted holder of this
promissory note (the “Lender”), at the principal office of the Lender set forth herein, or at such other place as the holder may designate in writing to the Borrower, the principal sum of up to ONE HUNDRED FIFTY EIGHT THOUSAND ONE
HUNDRED DOLLARS (U.S. $158,100.00), or such other amount as may be outstanding hereunder, together with all accrued but unpaid interest, in such coin or currency of the United States of America as at the time shall be legal tender for the payment of
public and private debts and in immediately available funds, as provided in this promissory note (the “Note”). This Note is the Note referred to in the Letter Loan Agreement dated January 31, 2003 between the Borrower and the Lender
(the “Letter Loan Agreement”). Concurrently with the issuance of this Note, the Borrower is issuing separate notes to separate purchasers pursuant to the Letter Loan Agreement. 
 
1. Principal and Interest Payments.

 
(a) The Borrower shall repay in
full the entire principal balance then outstanding under this Note on the earlier (the “Maturity Date”) of: (i) December 31, 2003, or (ii) the acceleration of the obligations as contemplated by this Note. The Maturity Date may be
extended as agreed upon in writing between the parties. 
 
(b) Interest on the outstanding principal balance of this Note shall accrue at a rate of fifteen percent (15%) per annum. Interest on the outstanding principal balance of the Note shall be computed on the basis of the actual
number of days elapsed and a year of three hundred and sixty (360) days and shall be payable by the Borrower and shall be payable by 
 

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the Borrower
in cash in full on the Maturity Date. Furthermore, upon the occurrence of an Event of Default, then to the extent permitted by law, the Borrower will pay interest to the Lender, payable on demand, on the outstanding principal balance of the Note
from the date of the Event of Default until payment in full at the rate of twenty percent (20%) per annum. 
 
2. Security Agreement. The obligations of the Borrower hereunder shall be secured by, and the Lender shall be
entitled to the rights and security granted by the Borrower pursuant to, the Security Agreement dated as of January 31, 2003 by the Borrower for the benefit of the Lender. 
 
3. Payment on Non-Business Days. Whenever any payment to be made shall be due on a
Saturday, Sunday or a public holiday under the laws of the State of New York, such payment may be due on the next succeeding business day and such next succeeding day shall be included in the calculation of the amount of accrued interest payable on
such date. 
 
4. Borrower’s
Prepayment Option. The Borrower may prepay, at the option of its Board of Directors, all or any portion of the outstanding principal amount of this Note and the accrued and unpaid interest thereon upon five (5) business days prior written notice
to the Lender (the “Borrower Prepayment Notice”) at a cash price equal to 150% of the sum of the outstanding principal amount and any interest accrued and outstanding (the “Borrower Prepayment Price”). The Borrower
may not deliver a Borrower Prepayment Notice to the Lender unless the Borrower has clear and good funds for a minimum of the amount it intends to prepay in a bank account controlled by the Borrower. The Borrower Prepayment Notice shall state the
date of prepayment (the “Borrower Prepayment Date”), the Borrower Prepayment Price, the amount of the Note of such Lender to be prepaid, the amount of accrued and unpaid interest through the Borrower Prepayment Date and shall call
upon the Lender to surrender to the Borrower on the Borrower Prepayment Date at the place designated in the Borrower Prepayment Notice such Lender’s Note. The Borrower Prepayment Date shall be no more than five (5) trading days after the date
on which the Lender is notified of the Borrower’s intent to prepay the Note (the “Borrower Prepayment Notice Date”). If the Borrower fails to pay the Borrower Prepayment Price by the sixth (6th) trading day following the Borrower Prepayment Notice Date, the prepayment will be declared null and void and the Borrower shall lose its right to
deliver a Borrower Prepayment Notice to the Lender in the future. On or after the Borrower Prepayment Date, the Lender shall surrender the Notes called for prepayment to the Borrower at the place designated in the Borrower Prepayment Notice and
shall thereupon be entitled to receive payment of the Borrower Prepayment Price. 
 
5. Replacement. Upon receipt of a duly executed, notarized and unsecured written statement from the Lender with respect to the loss, theft or destruction of this Note (or any replacement
hereof), and without requiring an indemnity bond or other security, or, in the case of a mutilation of this Note, upon surrender and cancellation of such Note, the Borrower shall issue a new Note, of like tenor and amount, in lieu of such lost,
stolen, destroyed or mutilated Note. 
 

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6. Parties in Interest, Transferability. This Note shall be binding upon the Borrower and its successors and assigns and the terms hereof shall inure to the benefit of the Lender and its successors and permitted assigns. This
Note may be transferred or sold, subject to the provisions of Section 8 of this Note, or pledged, hypothecated or otherwise granted as Security by the Lender. 
 
7. Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief. Upon an Event of Default (as
defined in the Letter Loan Agreement), the Lender shall have all the rights and remedies contained in the Letter Loan Agreement. The remedies provided in this Note shall be cumulative and in addition to all other remedies available under this Note
or in the Letter Loan Agreement, at law or in equity (including, without limitation, a decree of specific performance and/or other injunctive relief), and no remedy contained herein shall be deemed a waiver of compliance with the provisions giving
rise to such remedy and nothing herein shall limit a Lender’s right to pursue actual damages for any failure by the Borrower to comply with the terms of this Note. Amounts set forth or provided for herein with respect to payments and the like
(and the computation thereof) shall be the amounts to be received by the Lender and shall not, except as expressly provided herein, be subject to any other obligation of the Borrower (or the performance thereof). The Borrower acknowledges that a
breach by it of its obligations hereunder will cause irreparable and material harm to the Lender and that the remedy at law for any such breach may be inadequate. Therefore the Borrower agrees that, in the event of any such breach or threatened
breach, the Lender shall be entitled, in addition to all other available rights and remedies, at law or in equity, to seek and obtain such equitable relief, including but not limited to an injunction restraining any such breach or threatened breach,
without the necessity of showing economic loss and without any bond or other security being required. 
 
8. Compliance with Securities Laws. The Lender of this Note acknowledges that this Note is being acquired solely
for the Lender’s own account and not as a nominee for any other party, and for investment, and that the Lender shall not offer, sell or otherwise dispose of this Note other than in compliance with the laws of the United States of America and as
guided by the rules of the Securities and Exchange Commission. This Note and any Note issued in substitution or replacement therefore shall be stamped or imprinted with a legend in substantially the following form: 
 
“THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR
SPEEDCOM WIRELESS CORPORATION SHALL HAVE RECEIVED AN OPINION OF ITS COUNSEL THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.” 
 

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9. Borrower Waivers. Except as otherwise specifically provided herein, the Borrower and all others that may become liable for all or any part of the obligations evidenced by this Note, hereby waive presentment, demand, notice
of nonpayment, protest and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note, and do hereby consent to any number of renewals of extensions of the time or payment hereof and agree
that any such renewals or extensions may be made without notice to any such persons and without affecting their liability herein and do further consent to the release of any person liable hereon, all without affecting the liability of the other
persons, firms or Borrower liable for the payment of this Note, AND DO HEREBY WAIVE TRIAL BY JURY. 
 
(a) No delay or omission on the part of the Lender in exercising its rights under this Note, or course of conduct relating
hereto, shall operate as a waiver of such rights or any other right of the Lender, nor shall any waiver by the Lender of any such right or rights on any one occasion be deemed a waiver of the same right or rights on any future occasion.

 
(b) THE BORROWER ACKNOWLEDGES
THAT THE TRANSACTION OF WHICH THIS NOTE IS A PART IS A COMMERCIAL TRANSACTION, AND TO THE EXTENT ALLOWED BY APPLICABLE LAW, HEREBY WAIVES ITS RIGHT TO NOTICE AND HEARING WITH RESPECT TO ANY PREJUDGMENT REMEDY WHICH THE LENDER OR ITS SUCCESSORS OR
ASSIGNS MAY DESIRE TO USE. 
 
10.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to the choice of law provisions. This Agreement shall not be interpreted or construed with any
presumption against the party causing this Note to be drafted. 
 
11. Notices. Any notice, request, demand or other communication permitted or required to be given hereunder shall be provided in the manner specified in the Letter Loan Agreement. 
 

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IN WITNESS
WHEREOF, the Borrower has executed and delivered this Note as of the date first written above. 
 

	 SPEEDCOM WIRELESS CORPORATION

	
	 By:
	 	 
	 	

	 	 	 Name:

	 	 	 Title:

 

5Letter Loan Agreement - 1/31/2003

 
Exhibit 4.58

 
January 31, 2003 
 
Speedcom Wireless Corporation 
7020 Professional Parkway East 
Sarasota, Florida 34240 
 
RE: Letter Loan Agreement 
 
Ladies and Gentlemen: 
 
1. Loan. This letter when fully executed will constitute a loan agreement (the “Agreement”) among DMG Legacy Fund LLC, DMG Legacy Institutional Fund LLC and DMG Legacy International Ltd. (collectively,
the “Lenders”), and Speedcom Wireless Corporation, a Delaware corporation (“Borrower”), pursuant to which Lenders, on the terms and conditions provided herein, shall agree to make one or more loans to or for the
benefit of Borrower hereunder (each a “Loan” and collectively, the “Loans”), provided the aggregate principal amount of all Loans shall not exceed Three Hundred Forty Thousand Dollars ($340,000.00). The day on which
Lenders make a Loan is referred to herein as a “Closing Date.” Each Lender’s obligation to make a Loan is subject to the Borrower’s fulfillment of each of the applicable conditions set forth in Section 4 hereof.

 
2. Loan Documents.

 
a. Notes. The Loans shall
be evidenced by separate promissory notes issued to the Lenders in the principal amount of each such Loan in the form attached hereto as Exhibit A (together with any replacements and substitutes therefor, the “Notes”). The
principal amount of the Loans and interest thereon, calculated at the rate of 15% per annum as provided in the Notes, shall be payable as set forth more particularly therein. 
 
b. Security Agreement. The Loans shall be secured by a continuing security interest in
all of the property and assets of the Borrower pursuant to the terms of a security agreement in the form attached hereto as Exhibit B (the “Security Agreement”). 
 
c. This Agreement, the Notes, the Security Agreement and each other document which evidences
and/or secures the Loans are hereinafter collectively referred to as the “Loan Documents.” 
 
3. Term and Termination. Subject to Section 6 hereof, the aggregate principal amount of the
outstanding Note and all accrued and unpaid interest thereon and other sums owing hereunder and thereunder shall be due and payable on the earlier (the “Maturity Date”) of: (i) December 31, 2003, or (ii) the acceleration of the
obligations as contemplated by this Agreement. The Maturity Date may be extended as agreed upon in writing between the parties. 
 
4. Conditions Precedent. 
 
a. Documents to be Delivered. The obligation of each Lender to make any Loan is
subject to the due execution and delivery by Borrower (or Borrower causing the due 
 

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execution and
delivery) to each Lender of each of the following (all documents to be in form and substance satisfactory to each Lender and their counsel): 
 
i. This Agreement, the Notes, the Security Agreement and each other instrument, agreement and document to be executed
and/or delivered pursuant to this Agreement and/or the instruments, agreements and documents referred to in this Agreement. 
 
ii. A certified copy of the resolutions of the Board of Directors (or if the Board of Directors takes action by unanimous
written consent, a copy of such unanimous written consent containing all of the signatures of the members of the Board of Directors) of the Borrower, dated as of the initial Closing Date, authorizing the execution, delivery and performance of the
Loan Documents. 
 
iii. A
certificate, dated as of the applicable Closing Date, signed by an executive officer of the Borrower to the effect that the representations and warranties set forth in Section 5 of this Agreement are true and correct as of the applicable Closing
Date. 
 
iv. The Borrower shall
have filed all UCC financing statements in form and substance satisfactory to the Lenders at the appropriate offices to create a valid and perfected security interest in the Collateral (as defined in the Security Agreement). 
 
b. Absence of Certain Events. The
occurrence of a Material Adverse Effect (as defined below) shall not have occurred or be occurring as of any Closing Date. 
 
5. Representations and Warranties. To induce each Lender, severally and not jointly, to make the Loan,
Borrower hereby represents and warrants to each Lender that at and as of the date hereof: 
 
a. The Borrower has been duly incorporated and is validly existing and in good standing under the laws of the state of
Delaware, with full corporate power and authority to own, lease and operate its properties and to conduct its business as currently conducted. The Borrower is duly qualified as a foreign entity to do business and is in good standing in every
jurisdiction in which its ownership of property or the nature of the business conducted by it makes such qualification necessary and where the failure so to qualify would have a Material Adverse Effect. “Material Adverse Effect”
means any material adverse effect on the ability of the Borrower to perform its obligations hereunder or on the business, operations, properties, prospects or financial condition of the Borrower. 
 
b. Each of the Loan Documents has been duly
authorized, validly executed and delivered on behalf of the Borrower and is a valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, subject to limitations on enforcement by general principles of
equity and by bankruptcy or other laws affecting the enforcement of creditors’ rights generally, and the Borrower has full power and authority to execute and deliver this Agreement and the Loan Documents and to perform its obligations hereunder
and thereunder. 
 
c. The
execution, delivery and performance of this Agreement and the Loan Documents will not (i) conflict with or result in a breach of or a default under any of the terms or provisions of, (A) the Borrower’s certificate of incorporation or by-laws,
or (B) any material provision of any indenture, mortgage, deed of trust or other material agreement or instrument to 
 

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which the
Borrower is a party or by which it or any of its material properties or assets is bound, (ii) result in a violation of any material provision of any law, statute, rule, regulation, or any existing applicable decree, judgment or order by any court,
Federal or state regulatory body, administrative agency, or other governmental body having jurisdiction over the Borrower, or any of its material properties or assets or (iii) result in the creation or imposition of any material lien, charge or
encumbrance upon any material property or assets of the Borrower or any of its subsidiaries pursuant to the terms of any agreement or instrument to which any of them is a party or by which any of them may be bound or to which any of their property
or any of them is subject. 
 
d. No
consent, approval or authorization of or designation, declaration or filing with any governmental authority on the part of the Borrower is required in connection with the valid execution and delivery of this Agreement or the Loan Documents.

 
All representations and warranties made by
Borrower under or in connection with this Agreement shall survive the making of the Loans and issuance and delivery of the Note to Lenders, notwithstanding any investigation made by Lenders or on Lenders’ behalf. All statements contained in any
certificate or financial statement delivered by Borrower to Lenders under this Agreement or any other Loan Document shall constitute representations and warranties made by Borrower hereunder. 
 
6. Events of Default; Remedies.
Upon the occurrence of any of the following (each, an “Event of Default”): 
 
a. the Borrower shall fail to make the payment of any amount of any principal outstanding after the date such payment
shall become due and payable hereunder; or 
 
b. the Borrower shall fail to make any payment of interest after the date such interest shall become due and payable hereunder; or 
 
c. any representation, warranty, covenant or certification made by the Borrower herein, in the Notes, any other Loan
Document or in any certificate or financial statement shall prove to have been false or incorrect or breached in a material respect on the date as of which made; or 
 
d. the Borrower or any of its subsidiaries shall (i) default in any payment of any amount or
amounts of principal of or interest on any indebtedness for borrowed money (the “Indebtedness”) (other than the Indebtedness hereunder) the aggregate principal amount of which Indebtedness of all such persons is in excess of
$100,000, whether such Indebtedness now exists or shall hereinafter be created, and such default entitles the holder thereof to declare such indebtedness to be due and payable, and such indebtedness has not been discharged in full or such
acceleration has not been stayed, rescinded or annulled within twelve (12) business days of such acceleration, or (ii) default in the observance or performance of any other agreement or condition relating to any Indebtedness in excess of $100,000 or
contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders or
beneficiary or beneficiaries of such Indebtedness to cause with the giving of notice if required, such Indebtedness to become due prior to its stated maturity; or 
 

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e. A judgment or order for the payment of money shall be rendered against the Borrower or any subsidiary in excess of $100,000 in the aggregate (net of any applicable insurance coverage) for all such judgments or orders against all
such persons (treating any deductibles, self insurance or retention as not so covered) that shall not be discharged, and all such judgments and orders remain outstanding, and there shall be any period of thirty (30) consecutive days following entry
of the judgment or order in excess of $100,000 or the judgment or order which causes the aggregate amount described above to exceed $100,000 during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise,
shall not be in effect; or 
 
f.
the Borrower shall (i) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property or assets, (ii) admit in writing its inability
to pay its debts as such debts become due, (iii) make a general assignment for the benefit of its creditors, (iv) commence a voluntary case under the Bankruptcy Code or under the comparable laws of any jurisdiction (foreign or domestic), (v) file a
petition seeking to take advantage of any bankruptcy, insolvency, moratorium, reorganization or other similar law affecting the enforcement of creditors’ rights generally, (vi) acquiesce in writing to any petition filed against it in an
involuntary case under the Bankruptcy Code or under the comparable laws of any jurisdiction (foreign or domestic), or (vii) take any action under the laws of any jurisdiction (foreign or domestic) analogous to any of the foregoing; or 
 
g. a proceeding or case shall be commenced in
respect of the Borrower or any of it’s subsidiaries without its application or consent, in any court of competent jurisdiction, seeking (i) the liquidation, reorganization, moratorium, dissolution, winding up, or composition or readjustment of
its debts, (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of it or of all or any substantial part of its assets or (iii) similar relief in respect of it under any law providing for the relief of debtors, and such
proceeding or case described in clause (i), (ii) or (iii) shall continue undismissed, or unstayed and in effect, for a period of thirty (30) consecutive days or any order for relief shall be entered in an involuntary case under the Bankruptcy Code
or under the comparable laws of any jurisdiction (foreign or domestic) against the Borrower or any of its subsidiaries or action under the laws of any jurisdiction (foreign or domestic) analogous to any of the foregoing shall be taken with respect
to the Borrower or any of its subsidiaries and shall continue undismissed, or unstayed and in effect for a period of thirty (30) consecutive days; or 
 
h. The occurrence of any event which has a Material Adverse Effect. 
 
THEN, Lenders may, at their election and
without demand or notice of any kind, which are hereby waived, declare the unpaid balance of the Notes, and accrued interest thereon, immediately due and payable, proceed to collect the same, and exercise any and all other rights, powers and
remedies given it by this Agreement, the Notes and the other Loan Documents or otherwise at law or in equity. 
 
7. Miscellaneous. 
 
a. The representations and warranties of Borrower contained herein shall survive the making of the Loans and shall remain
effective until all indebtedness contemplated hereby shall have been paid by Borrower in full. 
 

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b. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to the choice of law provisions. This Agreement shall not be interpreted or construed with any
presumption against the party causing this Agreement to be drafted. 
 
c. Each of the Borrower and each Lender (i) hereby irrevocably submits to the jurisdiction of the United States District Court sitting in the Southern District of New York and the courts of the State
of New York located in New York county for the purposes of any suit, action or proceeding arising out of or relating to this Agreement or the Loan Documents and (ii) hereby waives, and agrees not to assert in any such suit, action or proceeding, any
claim that it is not personally subject to the jurisdiction of such court, that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper. Each of the Borrower and each Lender
consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address set forth in Section 7(j) below and agrees that such service shall constitute good and sufficient service of process and
notice thereof. Nothing in this Section 7(c) shall affect or limit any right to serve process in any other manner permitted by law. 
 
d. Any forbearance, failure, or delay by a Lender in exercising any right, power, or remedy shall not preclude the further
exercise thereof, and all of such Lender’s rights, powers, and remedies shall continue in full force and effect until specifically waived in writing by such Lender. 
 
e. This Agreement may be executed in two or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. 
 
f. The headings of this Agreement are for convenience of reference and shall not form part of, or affect the
interpretation of, this Agreement. 
 
g. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement or the validity or
enforceability of this Agreement in any other jurisdiction. 
 
h. Borrower shall reimburse Lenders, on demand, for all reasonable fees and costs incurred by Lenders (including reasonable fees and costs of Lenders’ counsel) in connection with the enforcement
of Lenders’ rights and remedies thereunder. 
 
i. This Agreement and the instruments referenced herein contain the entire understanding of the parties with respect to the matters covered herein and therein. No provision of this Agreement may be waived or amended other than by an
instrument in writing signed by the party to be charged with enforcement. 
 
j. Any notices, demands or waivers required or permitted to be given under the terms of this Agreement shall be in writing and shall be sent by certified or registered mail (return receipt requested)
or delivered personally or by courier (including a recognized overnight delivery service) or by facsimile and shall be effective five (5) days after being placed in the mail, if mailed, or upon receipt, if delivered personally or by courier, or by
facsimile (if received 
 

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during normal
business hours), in each case to the address of the party to receive such notice, demand or waiver as set forth below: 
 
If to Borrower: 
 
Speedcom Wireless Corporation 
7020 Professional Parkway East 
Sarasota, Florida 34240

Attention: Sara Byrne, Secretary 
Fax No.: (941) 907-2394 
 
If to DMG Legacy Fund LLC, DMG Legacy Institutional Fund LLC or DMG Legacy International Ltd.: 
 
c/o DMG Advisors LLC 
53 Forest Avenue, 2nd Floor 
Old Greenwich, CT 06870 
Attention: Andrew Wilder 
Fax No.: (203) 967-5851 
 
with a copy to: 
 
Jenkens & Gilchrist Parker Chapin LLP 
The Chrysler
Building 
405 Lexington Avenue 
New York, New York 10174 
Attention: Christopher S. Auguste 
Tel. No.: (212) 704-6000

Fax No.: (212) 704-6288 
 
with a copy to: 
 
Jenkens & Gilchrist Parker Chapin LLP 
The Chrysler Building 
405 Lexington Avenue 
New York, New York 10174 
Attention: Christopher S. Auguste 
Tel. No.: (212) 704-6000 
Fax No.: (212) 704-6288 
 
Each party shall provide notice to the other party of any change in address, such notice to become effective upon receipt. 
 
k. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Borrower
shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of Lenders. Notwithstanding the foregoing, each Lender may assign its rights hereunder to any other person or entity without the consent of
Borrower. 
 

6 

 
l. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person. 
 
m. All remedies of Lenders (i) are cumulative
and concurrent, (ii) may be exercised independently, successively or together against Borrower, (iii) shall not be exhausted by any exercise thereof, but may be exercised as often as occasion therefor may occur, and (iv) shall not be construed to be
waived or released by Lenders’ delay in exercising, or failure to exercise, them or any of them at any time it may be entitled to do so. 
 
 
[Signature Page Follows] 
 

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By executing
the appropriate signature line below, Borrower, intending to be legally bound hereby, agrees to the terms and conditions of this Agreement as of the date appearing opposite Borrower’s signature. 
 
 

	 Very truly yours,

	
	 DMG LEGACY FUND LLC

	
	 By:
	 	 
	 	

	 	 	 Name:

	 	 	 Title:

 

	
	 DMG LEGACY INSTITUTIONAL FUND LLC

	
	 By:
	 	 
	 	

	 	 	 Name:

	 	 	 Title:

 

	
	 DMG LEGACY INTERNATIONAL LTD.

	
	 By:
	 	 
	 	

	 	 	 Name:

	 	 	 Title:

 

	
	 SPEEDCOM WIRELESS CORPORATION

	
	 By:
	 	 
	 	

	 	 	 Name: Michael Sternberg

	 	 	 Title: Chief Executive Officer

 

8 

 
Exhibit
A 
 
Form of Note 
 

9 

 
Exhibit
B 
 
Form of Security Agreement

 

10

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