Document:

Exhibit 10.45

 

Execution Version

 

THE USE OF THE FOLLOWING
NOTATION IN THIS EXHIBIT INDICATES THAT CERTAIN INFORMATION HAS BEEN OMITTED PURSUANT TO ITEM 601(a)(6) OF REGULATION S-K: [***]

 

ASSIGNMENT OF LOAN

 

In
consideration for the sum of $32,939,758.75 (the “Agreed Consideration”), to be paid concurrently herewith to Pacific
Western Bank, in its capacity as administrative and collateral Agent for each Existing Lender (as defined below) (the “Existing
Agent”), by wire transfer, as follows:

 

Pacific Western Bank

406 Blackwell Street,
Suite 240

Durham, NC 27701

ABA Routing Number:
[***]

Account #: [***]

 

Beneficiary: Airspan
Networks Inc.

Details of Pay: Loan
# [***]

 

Each of the Existing Lenders hereby (A) terminates
its commitment to make Revolving Loans to the Borrower and has capitalized $204,631.20 of outstanding interest and $100,449.45 of fees
to the principal amount of the Loans and (B) for the Agreed Consideration set forth above, irrevocably sells, assigns and transfers to
each of the Buyers set forth on Exhibit A, (each a “Buyer” and collectively, the “Buyers”) and each Buyer hereby
irrevocably purchases and assumes from each Existing Lender as of the date hereof all of each of the respective Existing Lenders rights
and obligations under and to: (i) the Loans, Obligations, indebtedness, liabilities and obligations of Airspan Networks Inc., Airspan
Networks (SG) Inc., Airspan Communications Limited, Airspan Networks Ltd., Mimosa Networks, Inc. and Mimosa Networks International, LLC
(jointly and severally, the “Borrower”) and Airspan Japan K.K. (the “Guarantor” and together with the Borrower,
the “Obligors”) to Existing Agent and each Existing Lender, and all of Existing Agent’s and each Existing Lender’s
rights, claims and remedies, under each of the following (collectively, the “Loan Documents”): that certain Second Amended
and Restated Loan and Security Agreement between Existing Agent, Pacific Western Bank (“PWB”) in its capacity as lender, Ally
Bank (“Ally”) in its capacity as lender (PWB and Ally, each an “Existing Lender”) and Borrower, dated November
20, 2018 (as amended from time to time, the “Loan Agreement”) and all “Loan Documents” (as defined in the Loan
Agreement), all subordination agreements and other documents relating to the foregoing to the extent related to the amount and percentage
interest identified in Exhibit A below of all of such outstanding rights and obligations of the respective Existing Lender under the respective
facilities identified on Exhibit A below, including without limitation all UCC-1 Financing Statements filed in favor of Existing Agent
for the benefit of each Existing Lender with respect to Borrower (collectively, the “Financing Statements”) and the Continuing
Guaranty of the Guarantor and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and
any other right of the Existing Lenders (in their respective capacities as Lenders) against any Person (except as provided for in Section
1 below), whether known or unknown, arising under or in connection with the Loan Agreement, any other documents or instruments delivered
pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not
limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the
rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by any Existing Lender
to any Buyer pursuant to clauses (i) and (ii) above being referred to herein collectively as an “Assigned Interest”). Notwithstanding
the foregoing, subclause (ii) above shall not include any claims, suits or causes of action among the Existing Lenders or their respective
agents, shareholders, directors, officers, employees, agents, attorneys, parent corporations, subsidiary corporations, affiliated corporations,
affiliates, participants and each of them acting on behalf of the Existing Lenders on or prior to the date hereof. This Assignment is
conditioned on (x) the execution and delivery by each Borrower and Guarantor of (A) the Acknowledgment, Consent And Release and (B) the
side letter attached as Annex B hereto (the “Side Letter”), (y) the receipt of the Existing Agent of the Agreed Consideration
for further distribution to the Existing Lenders and (z) the delivery of duly executed copies of each of the documents described in Section
4 below, and is subject to the following terms and conditions:

 

1. No Recourse, Warranty
or Representation. This sale and assignment is made without recourse to either Existing Agent or any Existing Lender and without any
representation or warranty by Existing Agent and each Existing Lender of any kind, except that Existing Agent represents and warrants
to each Buyer that (x) it has and is conveying to the Buyers good title to the Assigned Interests, Loans and the Loan Documents, free
and clear of all transfers, liens, claims and encumbrances created by Existing Agent and each Existing Lender and (y) it has full power
and authority and has taken all action necessary to execute and deliver this Assignment and to consummate the transactions contemplated
hereby.

 

     

     

    

 

Except as expressed herein,
the Loans and Assigned Interests are being sold “AS-IS” and “WITH ALL FAULTS” and there are no other representations,
warranties, agreements, or other obligations by Existing Agent and each Existing Lender to the Buyers, whether express or implied besides
those expressly contained herein. Without limiting the generality of the foregoing: Each Buyer acknowledges and confirms to Existing Agent
and each Existing Lender that such Buyer and has itself been, and will continue to be solely responsible for making its own independent
appraisal of and investigations into Borrower and its own credit analysis and decision to enter into and consummate this Assignment, independently
and without reliance on Existing Agent and each Existing Lender, based on such documents and information as it has deemed appropriate
(including financial information with respect to Borrower) provided by Borrower. Each Buyer also acknowledges and agrees, except as expressly
set forth herein, that Existing Agent and each Existing Lender has made no representation or warranty to the Buyers with respect to, and
no Buyer nor any agent acting on their behalf has relied upon and will not hereafter rely upon Existing Agent or any Existing Lender regarding
(among other things and without implying any other representations or warranties) the following, and Existing Agent and each Existing
Lender shall not directly or indirectly have, suffer or incur any liability whatsoever to Buyer or any of its respective successors or
assigns on account of, or as a consequence of: (i) the execution, legality, validity, enforceability, genuineness, sufficiency, value,
or collectability of the Loans, or the Loan Documents or the value, perfection, validity, or enforceability of any collateral, including
any inability or failure for any reason whatsoever to be able to enforce any Loan Document or other obligation or collateral acquired
by Buyer from Existing Agent or any Existing Lender, including on account of any defense or offset and whether or not related to any acts
or omissions of Existing Agent or any Existing Lender before the date hereof; (ii) any loss, impairment, or other adverse effect
with respect to the Loans or any other obligation owing in connection with any of the Loan Documents or the Loans or any collateral, whether
or not related to any acts or omissions of Existing Agent or any Existing Lender or any other person at any time before the date hereof,
including as a result of any offset or defense of any kind whatsoever, whether or not resulting from any conduct of Existing Agent or
any Existing Lender, from the operation of any provision of the Bankruptcy Code, or otherwise; (iii) the creditworthiness, financial
condition, other condition, affairs, status, or nature of the Borrower or any other person; or (iv) any representations, warranties,
or statements made in, or in connection with, the Loan Documents by any person (other than any representation, warranty, or statement
expressly made by Existing Agent or any Existing Lender in this Assignment), or any information provided by Existing Agent or any Existing
Lender (other than as expressly provided in this Assignment), Borrower or any other person under or in connection with any Loan Document
or the transactions therein contemplated. Without limiting the generality of the foregoing, each Buyer acknowledges that defaults may
exist with respect to some or all of the Loan Documents and that workouts and restructurings of the Loans previously have occurred.

 

2. Retained Rights.
The following rights and claims against the Borrower (collectively, the “Retained Rights”) shall, notwithstanding this Assignment,
continue to belong to, and shall be retained by, Existing Agent and each Existing Lender, as applicable: (i) any rights, interests,
and claims under any of the Loan Documents in the nature of indemnity, warranty, reimbursement, or the like that by their terms are intended
to survive the termination of the Revolving Loans and the assignment, sale and purchase of the Assigned Interests to the Buyers (“Continuing
Indemnity Obligations”) relating to actual out-of-pocket payments by or on behalf of Existing Agent or any Existing Lender after
the date hereof including claims against the Borrower and the Guarantor for the reimbursement of losses, settlements, satisfaction of
judgments, costs and attorney’s fees on account of actions, omissions, events, or conditions occurring prior to or after the date
hereof relating to the Continuing Indemnity Obligations; (ii) to the extent provided in the Loan Documents, any accrued and unpaid
interest (at the interest rate provided in the Loan Agreement immediately prior to giving effect to this agreement) on amounts payable
to Existing Agent or any Existing Lender described in this paragraph 2; (iii) any rights, interests, and claims of Existing Agent
or any Existing Lender arising as a result of any requirement that Existing Agent or any Existing Lender, as applicable, repay, turnover,
or disgorge any amount on account of any payment, proceeds, or other amounts received by Existing Agent or any Existing Lender relating
to the Loans prior to the date hereof in any bankruptcy, reorganization, insolvency or similar proceeding
or other court order involving any Borrower (provided however that no Existing Agent or Existing Lender shall benefit from the Liens or
other security interests under the Loan Documents, all of which interests are part of the Assigned Interests assigned to the Buyers);
and (iv) any rights, interests, and benefits of Existing Agent and each Existing Lender from all releases, waivers, and other relinquishment
of any rights or claims of any kind by Borrower under any of the Loan Documents; provided that, the foregoing notwithstanding, this paragraph
shall not impair, reduce, limit, restrict, or exclude any concurrent rights of any Buyer as transferee under any Loan Document.

 

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3. Borrower Obligations.
Borrower agrees to indemnify and hold harmless the Existing Agent and each Existing Lender from and against any and all claims, debts,
liabilities, demands, obligations, actions, costs and expenses (including, without limitation, reasonable attorneys’ fees), which
it may sustain or incur, based upon, arising out of, or relating to the the Assigned Interests or the Loan Documents. Without limiting
the generality of the foregoing, in accordance with the standard account terms agreed with the Obligors, Borrower shall indemnify Existing
Agent for any and all checks or drafts relating to Borrower which are returned to Existing Agent or any Existing Lender as having been
dishonored, for whatever reason. Promptly following receipt by Existing Agent or any Existing Lender of any such dishonored checks or
drafts, Existing Agent will forward copies of the same to Borrower and Borrower shall, within three (3) business days, make payment of
the amount of said checks to Existing Agent for the benefit the Existing Lenders.

 

4. Deliveries. The
Existing Agent shall concurrently deliver to Buyer (i) copies of the Loan Documents, (ii) UCC Assignments of the Financing Statement
in form reasonably satisfactory to the Existing Agent and Buyer and (iii) an executed Resignation and Assignment Agreement substantially
in the form set forth as Annex A hereto (the “Resignation and Assignment Agreement”) and each of the transfer and assignment
agreements relating to the Loan Documents (including each of the non-US security and collateral documents described in Schedule 1 thereto).
The Existing Agent and Existing Lenders shall, in the future at the sole expense of the Borrower, execute and deliver to the Buyers such
other documents and instruments, and take such other actions, as Buyers or the Successor Agent (as defined in the Resignation and Assignment
Agreement) shall reasonably request in order to transfer the Assigned Interests, the Loans and the Loan Documents to the Successor Agent
and the Buyers and otherwise carry out the purposes of this Assignment.

 

5. Future Payments.
If any amount of principal, interest, fees or other amount in respect of the Loans or the Assigned Interests is received by Existing Agent
or the Existing Lenders after the date hereof, Existing Agent, or as the context may require, the Existing Lenders shall promptly make
payment of such amount to the Successor Agent for the benefit of the Buyers.

 

6. General Provisions.
This Assignment sets forth in full all of the representations and agreements of the parties with respect to the subject matter hereof
and supersedes all prior discussions, representations, agreements and understandings between the parties. This Assignment may not be modified
or amended, nor may any rights hereunder be waived, except in a writing signed by the parties hereto. In the event of any litigation between
the parties based upon, arising out of, or relating to this Assignment, each of the Existing Agent, the Existing Lenders and the Buyers
shall be entitled to recover all of its reasonable costs and expenses (including without limitation reasonable attorneys’ fees)
from the Borrower and any such amounts shall be obligations of the Borrower. This Assignment is being entered into and shall be governed
by the laws of the State of New York. This Assignment may be executed in multiple counterparts, by different parties signing separate
counterparts, and all of the same taken together shall constitute one and the same agreement. This Assignment may be executed and delivered
by exchanging original signed counterparts, or signed counterparts by facsimile or other electronic means, or a combination of the foregoing,
and this Assignment shall be fully effective if so executed and delivered. This Assignment does not create, and shall not be construed
as creating, any rights enforceable by any person other than Existing Agent and each Existing Lender and each Buyer (or the Successor
Agent acting on their behalf).

 

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7. Governing Law; Jurisdiction;
Venue and Jury Trial Waiver. This Assignment and all acts, transactions, disputes and controversies arising hereunder or relating
hereto, and all rights and obligations of the parties shall be governed by, and construed in accordance with, the internal laws (and not
the conflict of laws rules) of the State of New York. Jurisdiction shall lie in the State of New York. All disputes, controversies, claims,
actions and similar proceedings arising with respect to this Assignment or any related agreement or transaction shall be brought only
in the Supreme Court of New York sitting in New York County, New York or the United States District Court for the Southern District of
New York, except as provided below with respect to arbitration of such matters. EXISTING AGENT AND EACH EXISTING LENDER AND BUYER EACH
ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED. EACH OF THEM, AFTER CONSULTING OR HAVING
HAD THE OPPORTUNITY TO CONSULT, WITH COUNSEL OF THEIR CHOICE, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT ANY OF THEM MAY
HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS ASSIGNMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS
ASSIGNMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN), OR ACTION OF ANY OF THEM. THESE PROVISIONS SHALL NOT
BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY EXISTING AGENT OR ANY EXISTING LENDER OR BUYER, EXCEPT BY A WRITTEN
INSTRUMENT EXECUTED BY EACH OF THEM. If the jury waiver set forth in this Section 7 is not enforceable, then any dispute, controversy,
claim, action or similar proceeding arising out of or relating to this Assignment or any of the transactions contemplated therein shall
be settled by final and binding arbitration held in New York County, New York in accordance with the then current Commercial Arbitration
Rules of the American Arbitration Association by one arbitrator appointed in accordance with those rules. The arbitrator shall apply New
York law to the resolution of any dispute, without reference to rules of conflicts of law or rules of statutory arbitration. Judgment
upon any award resulting from arbitration may be entered into and enforced by any state or federal court having jurisdiction thereof.
Notwithstanding the foregoing, the parties may apply to any court of competent jurisdiction for preliminary or interim equitable relief,
or to compel arbitration in accordance with this Section. The costs and expenses of the arbitration, including without limitation, the
arbitrator’s fees and expert witness fees, and reasonable attorneys’ fees, incurred by the parties to the arbitration may
be awarded to the prevailing party, in the discretion of the arbitrator, or may be apportioned between the parties in any manner deemed
appropriate by the arbitrator. Unless and until the arbitrator decides that one party is to pay for all (or a share) of such costs and
expenses, both parties shall share equally in the payment of the arbitrator’s fees as and when billed by the arbitrator.

 

Version-4

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the undersigned
have executed and delivered this Assignment on December 30, 2020.

 

	 	Existing AGENT:
	 	 
	 	PACIFIC WESTERN BANK
	 	 	 
	 	By: 	/s/ Stephen J. Berens
	 	 	Title:	SVP
	 	 	 	 
	 	Existing Lender:
	 	 
	 	PACIFIC WESTERN BANK
	 	 	 
	 	By: 	/s/ Stephen J. Berens
	 	 	Title:	SVP
	 	 	 	 
	 	Existing Lender:
	 	 
	 	ALLY BANK
	 	 	 
	 	By: 	/s/ Christopher Erro
	 	 	Title:	Authorized Signatory

 

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	ACCEPTED AND AGREED:	 
	 	 
	Buyer:	 
	 	 
	DBFIP ANI LLC, as Buyer and as Successor Agent	 
	 	 	 
	By: 	/s/ William Covino	 
	 	Name: 	William Covino	 
	 	Title: 	Chief Financial Officer	 

 

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	ACCEPTED AND AGREED:	 
	 	 
	Buyer:	 
	 	 
	PENDRELL CORPORATION	 
	a Washington corporation	 
	 	 	 	 
	By: 	/s/ Steve Ednie	 
	 	Title: 	Chief Financial Officer	 

 

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ACKNOWLEDGMENT, CONSENT AND
RELEASE

 

Each of the undersigned Borrower
and Guarantor hereby acknowledges and consents to (A) the termination of the Existing Lenders commitment to make Revolving Loans and (B)
the foregoing Assignment, including the sale and purchase of the Assigned Interests described in Exhibit A by the Buyers and the Side
Letter set forth in Exhibit B, and acknowledges and agrees that the present unpaid principal balance of the Loans plus all accrued interest
through December 29, 2020 is $32,839,309.30. Each of the undersigned further acknowledges that the Existing Agent and each Existing Lender
shall have no further liability or obligation to the Borrower or Guarantor under, or in connection with, the Loan Documents, the Continuing
Guaranty executed by Guarantor in favor of Existing Agent and Existing Lenders, and the Assigned Interests, and each of the undersigned
hereby releases and forever discharges Existing Agent and each Existing Lender, and each of Existing Agent’s and each Existing Lender’s
respective successors, assigns, agents, shareholders, directors, officers, employees, agents, attorneys, parent corporations, subsidiary
corporations, affiliated corporations, affiliates, participants and each of them, from any and all claims, debts, liabilities, demands,
obligations, costs, expenses, actions and causes of action, of every nature and description, known and unknown, which any of Borrower
or Guarantor now has or at any time may hold, by reason of any matter, cause or thing occurred, done, omitted or suffered to be done prior
to the date of this Assignment. Each of the undersigned waives the benefits of California Civil Code Section 1542 which provides:
“A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her
favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with
the debtor or released party.”

 

	Borrower:	 	Borrower:
	 	 	 
	Airspan Networks Inc.	 	Airspan Networks (SG) Inc.
	 	 	 	 	 
	By:	/s/ David Brant	 	By:	/s/ David Brant
	Name:	David Brant	 	Name:	David Brant
	Title:	Senior Vice President and Chief Financial Officer	 	Title:	Senior Vice President and Chief Financial Officer
	 	 	 	 
	Borrower:	 	Borrower:
	 	 	 
	Airspan Communications Limited	 	Airspan Networks Ltd.
	 	 	 	 	 
	By: 	/s/ David Brant	 	By: 	/s/ David Brant
	Name: 	David Brant	 	Name: 	David Brant
	Title: 	Director	 	Title: 	Director

 

	Borrower:	 	Borrower:
	 	 	 
	Mimosa Networks, Inc.	 	Mimosa Networks International, LLC
	 	 	 	 	 
	By: 	/s/ David Brant	 	By: 	/s/ David Brant
	Name: 	David Brant	 	Name: 	David Brant
	Title: 	Senior Vice President and Secretary	 	Title: 	Senior Vice President and Chief Financial Officer
	 	 	 
	Guarantor:	 	 
	 	 	 
	Airspan Japan K.K.	 	 
	 	 	 	 
	By: 	/s/ Henrik Smith Petersen	 	 
	Name: 	Henrik Smith Petersen	 	 
	Title: 	CSMO and MD	 	 

 

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Exhibit A

 

Assigned Interests:

 

	Existing Lender(s)	 	Buyers	 	Aggregate Amount of Loans for Existing Lender	 	 	Amount of Loans Assigned	 	 	Percentage Assigned of 
 Loans	 
	PWB	 	DBFIP ANI LLC	 	$	16,519,666.87	 	 	$	13,997,113.74	 	 	 	84.73	%
	PWB	 	Pendrell Corporation	 	$	16,519,666.87	 	 	$	2,522,553.13	 	 	 	15.27	%
	Ally	 	DBFIP ANI LLC	 	$	16,420,091.88	 	 	$	13,912,743.85	 	 	 	84.73	%
	Ally	 	Pendrell Corporation	 	$	16,420,091.88	 	 	$	2,507,348.03	 	 	 	15.27	%
	Total	 	 	 	 	 	 	 	$	32,939,758.75	 	 	 	100.00	%

 

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ANNEX A

 

RESIGNATION AND ASSIGNMENT AGREEMENT

 

[Exhibit filed separately as Exhibit 10.46 to the
Registration Statement on Form S-4]

 

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ANNEX B

 

SIDE LETTER

 

[Annex omitted pursuant
to Item 601(a)(5) of Regulation S-K.]

 

    11Exhibit 10.46

 

Execution Version

 

THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT
CERTAIN INFORMATION HAS BEEN OMITTED PURSUANT TO ITEM 601(a)(6) OF REGULATION S-K: [***]

 

RESIGNATION AND ASSIGNMENT AGREEMENT

(AIRSPAN NETWORKS INC.)

 

This Resignation
and Assignment Agreement (this “Agreement”) is entered into as of December 30, 2020 and effective as
of the Effective Date (as defined in Section 5 below), by and among PACIFIC WESTERN BANK, the successor in interest by merger to
Square 1 Bank (“PWB”), in its capacity as Agent (as defined below) (PWB in such capacity, the “Existing
Agent”) under the Transaction Documents (defined below), DBFIP ANI LLC, a Delaware limited liability company (“Fortress”),
in its capacity as Successor Agent (as defined below) under the Transaction Documents, Airspan
Networks Inc., a Delaware corporation (“ANI”) and each other Borrower and Guarantors named
on the signature pages hereto (collectively, the “Obligors”) and each of the Lenders named on the signature
pages hereto. Capitalized terms defined in the Credit Agreement have the same meanings when used herein unless otherwise defined herein.

 

RECITALS

 

WHEREAS, the Existing
Agent, ANI and the Guarantors are parties to (a) that certain Second Amended and Restated Loan and Security Agreement, dated as of November
20, 2018 (as amended and as the same may be further amended, amended and restated, restated, supplemented or otherwise modified, the “Credit
Agreement”), by and among, inter alia, the Borrowers, the Existing Agent and the other Lenders and financial institutions
party thereto and (b) the other Loan Documents (as defined in the Credit Agreement) and certain other related documents (including
the GW/PWB Subordination Agreement) ((a) through (b) collectively, including any amendments, restatements, amendments and restatements,
supplements or other modifications in connection therewith from time to time, the “Transaction Documents” and
each, a “Transaction Document”); it being understood and agreed, for the avoidance of doubt, that the definition
“Transaction Documents” as used herein is not a reference to and does not include the Cash Pledge Agreements executed by ANI
in favor of PWB and dated substantially concurrently herewith and referenced in the Side Letter (as defined in the Assignment Agreement
referred to below, such agreements, the “Excluded Pledge Agreements”);

 

WHEREAS, the Existing
Agent is acting as an administrative agent and collateral agent (the Existing Agent in such capacities, the “Agent”)
as applicable under the Transaction Documents and in connection with that certain Assignment of Loan (the “Assignment Agreement”)
dated as of the date hereof and occurring immediately before and substantially concurrently with the execution of this Agreement, pursuant
to which Assignment Agreement PWB and ALLY BANK (“Ally”), in their capacities as Lenders (collectively, the
“Prior Lenders”) have terminated the Revolving Loan commitments and assigned and transferred all of the funded
Loans and other Assigned Interests (as defined therein) to the undersigned Lenders and in connection with such assignment, the Existing
Agent has notified the Obligors and the Lenders of its desire to resign as Agent and Fortress desires to be appointed as the successor
Agent (in such capacity, the “Successor Agent”) under the Transaction Documents;

 

     

     

    

 

WHEREAS, the Lenders
and the Obligors, by entering into this Agreement, are consenting to the resignation of the Existing Agent and the appointment of Fortress
as Successor Agent under the Credit Agreement and the other Transaction Documents and the making of such technical amendments to the Credit
Agreement and the other Transaction Documents as may be required or advisable in the judgment of the Successor Agent to effectuate the
purposes of this Agreement (the “Agency Transfer Amendments”);

 

WHEREAS, concurrently
with the execution and delivery of this Agreement, the Borrowers and certain of their Subsidiaries, the Existing Agent and the Successor
Agent have entered into or will enter into certain other documents and agreements including with respect to the Foreign Security Documents
referred to below in order to effectuate the Agency Transfer Amendments;

 

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

 

Section 1. Appointment,
Assignment, etc.

 

(a) As
of the Effective Date, the Existing Agent hereby resigns as the Agent as provided under the Credit Agreement and other Transaction Documents
and shall have no further obligations in such capacity under the Credit Agreement and other Transaction Documents, except to the extent
of any obligation expressly stated in the Credit Agreement or other Transaction Documents as surviving any such resignation; (ii) the
Required Lenders appoint Fortress as successor Agent under the Credit Agreement and other Transaction Documents; (iii) Fortress hereby
accepts its appointment as Agent under the Credit Agreement and the other Transaction Documents. From and after the Effective Date, (1)
Fortress succeeds to all the rights, powers and duties of the Existing Agent, (2) all references in the Credit Agreement and the other
Transaction Documents to the term “Administrative Agent”, “Collateral Agent” and “Agent”, the “trustee”
or other similar words shall mean Fortress as the Successor Agent, (3) PWB is discharged from all of its duties and obligations as the
Existing Agent and Lender under the Credit Agreement and the other Transaction Documents. Each of the parties hereto agrees to execute,
at the ANI’s sole cost and expense, all documents necessary or appropriate to evidence the appointment of Fortress as the Successor
Agent.

 

(b) The
parties hereto hereby confirm that, from and after the Effective Date, notwithstanding anything herein or in the Credit Agreement or any
other Transaction Document to the contrary, (i) Successor Agent shall be entitled to all of the protections of the “Administrative
Agent”, the “Collateral Agent”, the “Agent”, the “trustee” or any similar persons set forth
in the Credit Agreement and the other Transaction Documents for acting as the Successor Agent. In addition, and notwithstanding anything
to the contrary contained in the Credit Agreement and the other Transaction Documents, the parties hereto (and the Lenders by their acceptance
and authorization of this Agreement and the other amendments to the Transaction Documents contemplated herein and in that certain Reaffirmation
Agreement and Omnibus Amendment to be entered into substantially concurrently with this Agreement) hereby (x) acknowledge and ratify the
resignation of the Existing Agent and (y) acknowledge and agree that the Successor Agent shall not be liable for (A) any actions taken
or omitted to be taken by the Prior Lenders or the Existing Agent while PWB and Ally were Agents and/or Lenders, as applicable, or any
other capacities under the Transaction Documents or pursuant to this Agreement or (B) any actions taken or omitted to be taken, or any
determinations made, by the Successor Agent based upon the information provided by the Existing Agent or Prior Lenders with respect to
any period ending prior to the Effective Date and (z) Existing Agent shall have no liability for any actions taken or omitted to be taken
by Successor Agent or Lenders as Agents and/or Lender or any other capacities under the Transaction Documents or pursuant to this Agreement.
The parties hereto hereby confirm that, as of the Effective Date, all of the protective provisions, indemnities, and expense obligations
under the Credit Agreement and other Transaction Documents continue in effect for the benefit of the Existing Agent, its sub-agents and
their respective affiliates, officers, directors, trustees, employees, advisors, agents and controlling Persons in respect of, and to
the extent applicable to, any actions taken or omitted to be taken by any of them while the Existing Agent was acting as Agent or thereafter
pursuant to or in furtherance of the provisions of this Agreement, and inure to the benefit of the Existing Agent.

 

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(c) As
of the Effective Date, the Existing Agent hereby assigns (“AS-IS” and “WITH ALL FAULTS” and without recourse,
representation or warranty of any kind) to Fortress, as the Successor Agent, (x) any powers of attorney, liens, or security interests
and all other rights and interests granted to the Existing Agent, for the ratable benefit of the Lenders and any other secured parties
on whose behalf it may be acting under any security documents or subordination agreement included within the Transaction Documents (collectively,
the “Secured Parties”), under the Credit Agreement and other Transaction Documents (other than the security
documents governed by laws other than the laws of a State of the United States or the District of Columbia (the “Foreign Security
Documents”), which shall be assigned under the laws of the jurisdiction to which such Foreign Security Document was granted),
and the Successor Agent hereby accepts the benefit of all such powers of attorney, liens and security interests, subordination arrangements
and other rights and interests, for its benefit and for the ratable benefit of the Secured Parties, (y) all Liens and security interests
under the Credit Agreement, the Loan Documents and the other Transaction Documents (collectively, the “Assigned Transaction
Documents”) and (z) all of its rights, titles and interests as secured party or lien holder under or in connection with
any and all Assigned Transaction Documents (all rights to any subordination agreements (including the GW/PWB Subordination Agreement))
and Uniform Commercial Code financing statements (or other equivalent financing statements or filings) filed by the Existing Agent on
behalf of itself and/or the Lenders or any other secured parties in its capacity as Existing Agent in connection with the Credit Agreement
and the other Transaction Documents, including, without limitation, all Liens with respect to Intellectual Property filed with the United
States Patent and Trademark Office and the United States Copyright Office or another non-US filing office, and Fortress, as the Successor
Agent, hereby assumes all such Liens and security interests, for its benefit and for the benefit of the Lenders and the other secured
parties, and all such rights, titles and interests as Secured Party or lien holder under or in connection with the Assigned Transaction
Documents and such financing statements (it being understood that any such acceptance under a Foreign Security Document shall be deemed
to have been made and accepted under such applicable law governing such Foreign Security Document). All of such Liens and security interests
shall in all respects be continuing and in effect following execution and delivery of this Agreement and are hereby ratified and reaffirmed
by the Obligors. Without limiting the generality of the foregoing, any and all references to Pacific Western Bank on any publicly filed
document, to the extent such filing relates to Liens and security interests assigned to the Successor Agent hereby and until such filing
is modified to reflect the interest of Fortress, as Successor Agent, shall, with respect to such Liens and security interests, constitute
a reference to “Pacific Western Bank” as the nominee and collateral representative of Fortress, as Successor Agent. On and
after the Effective Date, exclusive of the Excluded Pledge Agreements (and the cash collateral held by PWB pursuant thereto), any possessory
Collateral still held by the Existing Agent for the benefit of the Lenders and other Secured Parties shall be deemed to be held by the
Existing Agent as agent and bailee for the Successor Agent for the benefit of the Lenders and other Secured Parties until such time as
such possessory collateral has been delivered to the Successor Agent. Each of the Obligors and PWB agree that on and after the Effective
Date the Successor Agent is authorized as it may deem necessary or appropriate to (i) file initial financing statements, “in lieu
of” financing statements, assignments of financing statements, financing change statements, amended financing statements, debentures,
charges or other filings, to make any and all filings with the United States Patent and Trademark Office, the United States Copyright
Office, the Companies House or other equivalent governmental authorities, and to make any other amendment, assignment or filing with respect
to any property covered by Lien filings, in each instance covering any of the collateral described in any Assigned Transaction Document
or any other agreement, instrument or document delivered or entered into under or in connection therewith or furnished pursuant thereto,
(ii) appoint one local counsel in each relevant jurisdiction in order to effectuate the intent and purposes of this Agreement, the Assignment
Agreement and the further assurances clauses of the Credit Agreement and other Assigned Transaction Documents, and (iii) prepare, enter
into, execute in its capacity as Agent, record and/or file any and all notices, certificates, instruments, and/or other documents or agreements
(including, without limitation, filings in respect of any collateral, and assignments, amendments or supplements to any deeds of trust,
security agreements, pledge agreements (except for the Excluded Pledge Agreements), intellectual property security agreements, certificates
of title, stock powers, account control agreements, subordination agreements or other Transaction Documents), as either the Existing Agent
or the Successor Agent deems reasonably necessary or desirable to effect or evidence (of public record or otherwise) the transactions
herein contemplated.

 

    3

     

    

 

Section 2. Further Assurances.

 

(a) Without
limiting its obligations in any way under any of the Transaction Documents, each Obligor reaffirms and acknowledges its obligations to
Fortress as the Successor Agent with respect to the Credit Agreement and the other Transaction Documents and that the delivery of any
agreements, instruments or any other document after the Effective Date and any other actions taken after the Effective Date or to be taken
after the Effective Date shall be to the reasonable satisfaction of the Successor Agent.

 

(b) Each
Obligor agrees that, on or following the Effective Date, it shall, at its own expense, promptly (or on such later date as may be determined
by the Successor Agent in its sole discretion) upon request of the Successor Agent (i) execute and deliver to the Successor Agent (x)
any assignments of all Intellectual Property (in form and substance reasonably satisfactory to the Successor Agent) duly executed by the
applicable Obligor and (y) such other documents and certificates as the Successor Agent may reasonably request and (ii) take any and all
actions as the Successor Agent may reasonably request, in each case of the actions referred to in preceding clauses (i) and (ii), to evidence
the assignment of the Liens on the Collateral or to otherwise effectuate the intent and purposes of this Agreement and the further assurances
clauses of the Credit Agreement and other Assigned Transaction Documents.

  

(c) The
Existing Agent agrees that, on or following the Effective Date, it shall promptly (i) furnish, at the Borrower’s sole cost and expense,
additional releases, termination statements and such other documents, instruments and agreements as are customary and may be reasonably
requested by the Successor Agent in order to effect and evidence more fully the matters covered hereby and (ii) deliver to the Successor
Agent all original stock certificates, instruments, promissory notes and other property of the Obligors or any of their respective Subsidiaries
held by the Existing Agent at such time to the extent such relate to any of the Assigned Transaction Documents. The Existing Agent authorizes
the Obligors and the Successor Agent (and their respective counsel) to prepare and file such UCC financing statements (or equivalent)
and amendments under the Uniform Commercial Code (or equivalent) in the offices and jurisdictions that the Successor Agent deems necessary
or appropriate to effectuate the intent and purposes of this Agreement.

 

(d) The
Borrower shall reimburse the Existing Agent for all reasonable out-of-pocket costs and expenses incurred by the Existing Agent after the
Effective Date in connection with any actions taken pursuant to this Agreement.

 

    4

     

    

 

Section 3. Representations
and Warranties of PWB and Fortress.

 

(a) PWB
hereby represents and warrants that it has the power and has been duly authorized by all requisite action to enter into and has duly executed
and delivered this Agreement.

 

(b) Fortress
hereby represents and warrants that it has the power and has been duly authorized by all requisite action to enter into and has duly executed
and delivered this Agreement.

 

Section 4. Representations
and Warranties of each Obligor. Each Obligor hereby represents and warrants that:

 

(a) such
Obligor has the power, and has been duly authorized by all requisite action, to execute and deliver this Agreement and the other documents
and agreements executed and delivered in connection herewith to which it is a party;

 

(b) this
Agreement has been duly executed by such Obligor and the other documents and agreements executed and delivered in connection herewith
to which any Obligor is a party have been duly executed and delivered by such Obligor, as applicable;

 

(c) this
Agreement is the legal, valid and binding obligation of such Obligor and the other documents and agreements executed or delivered in connection
herewith to which such Obligor is a party are the legal, valid and binding obligations of such Obligor, in each case, enforceable against
such Obligor in accordance with its respective terms, except as such enforceability may be limited by any applicable bankruptcy, reorganization,
moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and subject to general equitable
principles which may limit the right to obtain equitable remedies;

 

(d) the
execution, delivery and performance of this Agreement and the other documents and agreements executed and delivered in connection therewith
do not and will not (i) violate any law, rule, regulation or court order to which such Obligor is subject or (ii) conflict with or result
in a breach of the certificate or articles of incorporation, certificate of formation, limited liability company agreement or by-laws
(or equivalent organizational documents) of such Obligor or any other agreement or instrument to which it is party or by which the properties
of Obligor is bound;

 

    5

     

    

 

(e)
to the Borrower’s knowledge, after conducting a commercially reasonable inquiry regarding the accuracy of Schedule 1, Schedule 1
contains a complete list of all possessory Collateral delivered to the Existing Agent and on that basis there is no possessory Collateral
to deliver to the Successor Agent; and

 

(f)
all security interests created in favor of the Existing Agent for the benefit of the secured parties under the Loan Documents are valid
security interests in the Collateral, as security for the Obligations.

 

Section 5. Conditions Precedent
to Effectiveness. The obligations of the parties hereto set forth in Sections 1 and 2 hereof shall become effective immediately upon
the date (the “Effective Date”) when the last of all of the following conditions shall first have been satisfied (which may
be satisfied concurrently with the Effective Date):

 

(a) each
of the parties hereto shall have executed and delivered this Agreement and the Assignment Agreement;

 

(b) Fortress
shall have received from PWB copies of all of the Loan Documents and subordination agreements existing on the Effective Date, which Fortress
acknowledges have been received;

 

(c) PWB
shall have received (or shall have received evidence that substantially concurrently with the Effective Date PWB will receive) from the
Borrower payment in immediately available funds of all reasonable costs and expenses, and all fees and other amounts due and payable to
it as the Existing Agent through the Effective Date in accordance with the terms of the Loan Documents and this Agreement (including reasonable
fees and expenses of counsel);

 

(d) the
Borrower shall have reimbursed the Successor Agent (or shall have provided evidence that substantially concurrently with the Effective
Date Successor Agent will be reimbursed) for all reasonable fees, costs and out-of-pocket expenses incurred by it in connection with the
preparation, execution and delivery of this Agreement and any related documents (including reasonable attorneys’ fees);

 

(e) all
Letters of Credit outstanding on the Effective Date (if any) shall have been cash collateralized and the obligation of the Lenders to
make further Revolving Loans shall have been terminated; and

 

(f) Each
of the Obligors, the Successor Agent and the Lenders shall have entered into the Reaffirmation Agreement and Omnibus Amendment and the
Closing Date shall have occurred thereunder.

 

Section 6. Release of Claims.
The Borrower and each other Obligor hereby releases any and all claims against the Existing Agent and the Prior Lenders, and their respective
subagents and affiliates, arising out of, in any way connected with, or as a result of (i) any of their respective performances of their
respective duties under the Credit Agreement and the other Transaction Documents, and (ii) the resignation of the Existing Agent as Agent
under the Credit Agreement and the other Transaction Documents.

 

    6

     

    

 

Section 7. Waiver of Notices.
Each of the Obligors and the Lenders hereby waive any notice, timing or other requirement of the Credit Agreement and other Transaction
Documents related to the resignation of the Existing Agent or the appointment or designation of the Successor Agent.

 

Section 8. Notices.
Commencing as of the Effective Date, notices to the Successor Agent in respect of the Credit Agreement and other Transaction Documents
shall be directed as follows (and any notice provisions of the Credit Agreement and other Transaction Documents are hereby amended to
reflect such notice information):

 

DBFIP ANI LLC, as Agent

c/o Fortress Investment Group

1345 Avenue of the Americas, 46th Floor

New York, NY 10105

Attention: General Counsel - Credit Funds/David Sharpe

Fax No.: [***]

Email: [***]

 

With a copy (which shall not constitute
notice) to:

 

Reed Smith LLP

1717 Arch St #3100

Philadelphia, PA 191031

Attn: Elizabeth Tabas

Phone: [***]

Email: [***]

 

Section 9. Miscellaneous.

 

9.01 Return
of Payments. In the event that, after the Effective Date, the Existing Agent receives any principal, interest or other amount owing
to any Lender or the Successor Agent under the Credit Agreement or any other Transaction Document, or receives any instrument, agreement,
report, financial statement, insurance policy, notice or other document in its capacity as Existing Agent, the Existing Agent agrees to
promptly forward the same to the Successor Agent and to hold the same in trust for the Successor Agent until so forwarded. The parties
hereto agree that any provision of any of the Transaction Documents directing the Borrowers to make payment to the Existing Agent shall
be hereby amended to direct the Borrowers to make payment to the account designated by the Successor Agent to the Borrowers from time
to time.

 

9.02 Agency
Fees. The Existing Agent waives any right to receive any additional administrative fees in its capacity as Existing Agent on and after
the Effective Date and the Borrowers shall no longer be obligated to pay such administrative fees to PWB on and after the Effective Date.

 

    7

     

    

 

9.03 Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the
parties hereto.

 

9.04 Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which taken together
shall be one and the same instrument. Delivery of this Agreement by facsimile or email transmission or other electronic means shall be
effective as delivery of a manually executed counterpart hereof.

 

9.05 Headings.
The paragraph headings used in this Agreement are for convenience only and shall not affect the interpretation of any of the provisions
hereof.

 

9.06 Interpretation.
This Agreement is a Loan Document for all purposes under the Credit Agreement.

 

9.07 APPLICABLE
LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

9.08 WAIVER
OF JURY TRIAL. EXISTING AGENT, SUCCESSOR AGENT, EACH LENDER AND EACH OBLIGOR EACH ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A
CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED. EACH OF THEM, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO CONSULT, WITH COUNSEL OF
THEIR CHOICE, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED
UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS
(WHETHER ORAL OR WRITTEN), OR ACTION OF ANY OF THEM. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED
BY EXISTING AGENT OR SUCCESSOR AGENT OR ANY LENDER OR ANY OBLIGOR, EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY EACH OF THEM.

 

 

[Signature page follows]

    8

     

    

 

IN WITNESS WHEREOF,
each of the undersigned has caused this Agreement to be executed and made effective as of the date first written above:

 

	 	PACIFIC WESTERN BANK,
	 	as Existing Agent
	 	 	 
	 	By:  	/s/ Stephen J. Berens
	 	Name: 	Stephen J. Berens
	 	Title:	SVP

 

[Signature Page to Resignation and Assignment
Agreement]

 

     

     

    

 

IN WITNESS WHEREOF,
the undersigned has caused this Agreement to be executed and made effective as of the date first written above:

  

	 	DBFIP ANI, LLC,
	 	as Successor Agent and as a Lender
	 	 	 
	 	By:	/s/ William Covino
	 	Name: 	William Covino
	 	Title:	Chief Financial Officer

 

[Signature Page to Resignation and Assignment
Agreement]

     

     

    

  

IN WITNESS WHEREOF,
the undersigned has caused this Agreement to be executed and made effective as of the date first written above:

 

	 	PENDRELL CORPORATION,
	 	as a Lender
	 	 	 
	 	By:	/s/ Steve Ednie
	 	Name:	Steve Ednie
	 	Title:	Chief Financial Officer
	 	 	 

 

 

[Signature Page to Resignation and Assignment
Agreement]

 

     

     

    

  

IN WITNESS WHEREOF,
the undersigned has caused this Agreement to be executed and made effective as of the date first written above:

 

	 	OBLIGORS:
	 	 	 
	 	AIRSPAN NETWORKS INC.
	 	 	 
	 	By:	/s/ David Brant
	 	Name:	David Brant
	 	Title:	Senior Vice President and Chief Financial Officer
	 	 	 
	 	AIRSPAN NETWORKS (SG) INC.
	 	 	 
	 	By:  	/s/ David Brant                    
	 	Name: 	David Brant
	 	Title:	Senior Vice President and Chief Financial Officer
	 	 	 
	 	AIRSPAN NETWORKS COMMUNICATIONS LIMTED
	 	 	 
	 	By:  	/s/ David Brant
	 	Name:	David Brant
	 	Title:	Director

 

 

[Signature Page to Resignation and Assignment
Agreement]

 

     

     

    

 

	 	BORROWERS (continued)
	 	 	 
	 	AIRSPAN NETWORKS LTD.
	 	 	 
	 	By:	/s/ David Brant
	 	Name: 	David Brant
	 	Title:	Director
	 	 	 
	 	MIMOSA NETWORKS, INC.
	 	 	 
	 	By:	/s/ David Brant
	 	Name:	David Brant
	 	Title:	Senior Vice President and Secretary
	 	 	 
	 	MIMOSA NETWORKS INTERNATIONAL, LLC
	 	 	 
	 	By:	/s/ David Brant
	 	Name:	David Brant
	 	Title:	Senior Vice President and Chief Financial Officer
	 	 	 
	 	Airspan Japan K.K.
	 	 	 
	 	By:	/s/ Henrik Smith Petersen                         
	 	Name:	Henrik Smith Petersen
	 	Title:	CSMO and MD

 

[Signature Page to Resignation and Assignment
Agreement]

     

     

    

 

Schedule 1

 

Description of Possessory
Collateral 

 

Pledged Stock/LLC and Partnership Interests:NONE

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Issuer	 	Issuer’s Jurisdiction

Under New York

UCC Section

9-305(a)(2)	 	Class of

Stock	 	Stock

Certificate No.	 	 	Percentage of

Shares	 	 	No. of Shares	 

 

Pledged Notes:NONE

 

	 	 	 	 	 	 	 
	Grantor	 	Issuer	 	Payee	 	Principal Amount

  

Pledged Debt Securities:NONE

 

	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Issuer	 	Issuer’s Jurisdiction

Under New York UCC

Section 9-305(a)(2)	 	Payee	 	Principal Amount

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