Document:

EX-10.15

 Exhibit 10.15 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (“Agreement”), effective as of July 28, 2014 (the “Effective Date”), is made
by and between AIRGAIN, INC. (the “Company”), and LEO JOHNSON (“Employee”). 
 WHEREAS, the Board of
Directors of the Company (the “Board”) has determined that it is in the best interests of the Company and its shareholders to offer to employ Employee as the Company’s Chief Financial Officer under the terms and conditions set
forth herein; and 
 WHEREAS, Employee desires to accept employment as the Company’s Chief Financial Officer and to accept such revised
terms and conditions of employment as are contained in this Agreement. 
 NOW, THEREFORE, in consideration of the promises and mutual
covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Company and Employee (individually a “Party” and together the “Parties”) agree as follows:

 AGREEMENT 
 1.
Effective Date. 
 Employee’s employment under the terms of this Agreement shall commence on the Effective Date. 

2. At-will Employment. 

Employee’s employment relationship with the Company under this Agreement (“Employment”) is at-will, terminable at any
time and for any reason by either the Company or Employee. While certain sections of this Agreement describe events that could occur at a particular time in the future, nothing in this Agreement shall be construed as a guarantee of employment of any
length. 
 3. Employment Duties. 

a. Title/Responsibilities. Employee shall be the Chief Financial Officer of the Company, reporting to the Chief Executive Officer and
President (the “CEO”) of the Company. Employee shall perform all of the duties and responsibilities of such offices set forth in the Bylaws of the Company and those commonly associated with such offices and such further duties and
responsibilities as may from time to time be assigned to him by the Board or the CEO. 
 b. Full-Time Attention. Employee shall
devote his full time, attention, energy and skills to the Company during the period he is employed under this Agreement. 
 c. Policy
Compliance. Employee shall comply with all of the Company’s policies, practices and procedures, as well as, all applicable laws. Employee has previously executed and delivered to the Company the Confidentiality and Inventions Assignment
Agreement (the “Confidentiality and Inventions Assignment Agreement”) attached hereto as Exhibit 1. 

  
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 4. Compensation. 

a. Base Salary. The Company shall pay Employee a base salary of $225,000 per year, or such higher amount as the Board may determine
from time to time, less applicable federal and state withholding taxes, in accordance with the Company’s regular payroll practices (the “Base Salary”). 

b. Annual Bonus Compensation. In addition to the Base Salary, Employee will be eligible to receive an incentive bonus (the
“Bonus”) at an initial target for CY 2014 of 50% of Base Salary. 
 c. Stock Options. As soon as practicable
following the execution of this Agreement, the Company shall grant to Employee stock options to purchase an aggregate of 500,000 shares of the Company’s common stock (the “Stock Option”). The Stock Option shall vest as
follows: 25% of the original number of shares subject to the Stock Option shall be fully vested on the date of grant, and the remaining shares subject to the Stock Option shall vest in twenty-four (24) equal monthly installments with
vesting to commence on the Effective Date, subject to Employee’s continued service to the Company through each such vesting date, so that all of the shares subject to the Stock Option shall be vested on the second (2nd) anniversary of the Effective Date. Notwithstanding the foregoing, the Stock Option shall become fully vested and exercisable, in the event of Employee’s termination of employment by the
Company without Cause (as defined below), or Employee’s Resignation for Good Reason (as defined below), in each case following a Change in Control (as defined below). The Stock Option will be granted pursuant to the Company’s 2013 Equity
Incentive Plan (the “Plan”). The Stock Option will have an exercise price per share equal to the then-current fair market value per share of the common stock of the Company (as determined pursuant to the Plan) on the date the
grant is approved by the Board. The Stock Option shall be an incentive stock option to the extent permitted under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). The Stock Option shall have
a ten-year term and shall be subject to the terms and conditions of the Plan and the stock option agreement pursuant to which the Stock Option is granted. 

d. Additional Equity Awards. Employee shall be entitled to participate in any equity or other employee benefit plan that is generally
available to senior executive officers, as distinguished from general management, of the Company. Except as otherwise provided in this Agreement, Employee’s participation in and benefits under any such plan shall be on the terms and subject to
the conditions specified in the governing document of the particular plan. 
 e. Employee Benefits. Employee shall be entitled to
participate in all employee benefit plans, programs and arrangements maintained by the Company and made available to employees generally, including, without limitation, bonus, retirement, profit sharing and savings plans and medical, disability,
dental, life and accidental death and dismemberment insurance plans. 
 f. Reimbursement of Expenses. During his Employment with the
Company, Employee shall be entitled to reimbursement for all reasonable and necessary business expenses incurred on behalf of the Company, including without limitation, travel and entertainment expenses, business supplies and communication expenses,
in accordance with the Company’s policies and procedures. 

  
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 5. Voluntary Resignation or Termination for “Cause.” 

a. Payment upon Voluntary Resignation other than for Good Reason or Termination for Cause. If Employee voluntarily resigns his
Employment other than for Good Reason or if Employee is terminated for Cause, the Company shall pay Employee the following: (i) all accrued and unpaid Base Salary, if any is due, through the date of termination and any vacation which is accrued
but unused as of such date; (ii) Employee’s business expenses that are reimbursable pursuant to this Agreement and Company policies, but which have not been reimbursed by the Company as of the date of termination; and (iii) the
Employee’s Bonus compensation for the calendar year immediately preceding the year in which the date of termination occurs if such Bonus has been determined but not paid as of the date of termination (payable at the time such Bonus would
otherwise have been paid to Employee, but in no event later than March 15 of the year in which the date of termination occurs) (collectively, the “Accrued Obligations”). Employee shall not be eligible for severance payments
under Sections 6, 7 or 8 below, or any continuation of benefits (other than as required by law), or any other compensation pursuant to this Agreement or otherwise. 

b. Definition of “Cause”. As set forth above, the employment relationship between the Parties is at-will, terminable at any
time by either Party for any reason or no reason. The termination may nonetheless be for “Cause”. For purposes of this Agreement, “Cause” is defined as the Company’s good faith determination of:
(i) Employee’s material breach of this Agreement or the Confidentiality and Inventions Assignment Agreement or the definitive agreements relating to the Stock Option referenced in Section 4(c) above; (ii) Employee’s
continued substantial and material failure or refusal to perform according to, or to comply with, the policies, procedures or practices established by the Company; (iii) the appropriation (or attempted appropriation) of a material business
opportunity of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Company; (iv) the misappropriation (or attempted appropriation) of any of the
Company’s funds or property of any kind; (v) willful gross misconduct; or (vi) Employee’s conviction of a felony involving moral turpitude that is likely to inflict or has inflicted material injury on the business of the Company;
provided, however, that except for Cause being the result of item (vi) above, the Company shall provide written notice to Employee, which notice specifically identifies the nature of the alleged Cause claimed by the Company with enough
specificity for Employee to be able to cure, and Employee shall thereafter have fifteen (15) days to cure the purported ground(s) for Cause. 

c. Definition of “Good Reason”. For purposes of this Agreement, “Good Reason” and “Resignation for
Good Reason” are defined as: 
  

	 	i.	a material reduction in Employee’s authority, duties or responsibilities relative to Employee’s authority, duties or responsibilities in effect immediately prior to such reduction; as set forth in this
Agreement; 

  

	 	ii.	a material reduction by the Company in Employee’s base salary relative to Employee’s base salary in effect immediately prior to such reduction (and the Parties agree that a reduction of ten percent
(10%) or more will be considered material for purposes of this clause (ii)), other than a general reduction in the base salaries of similarly-situated employees of the Company; 

 

	 	iii.	 a relocation of Employee’s or the Company’s principal

  
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executive offices to a location outside of San Diego County, if Employee’s principal office is at such offices; or 

 

	 	iv.	the Company’s material breach of this Agreement; 

 provided, however, that Employee must provide written
notice to the Board of the condition that could constitute a “Good Reason” event within ninety (90) days of the initial existence of such condition and such condition must not have been remedied by the Company within thirty
(30) days (the “Cure Period”) of such written notice. Employee’s Resignation for Good Reason must occur within six (6) months following the initial existence of such condition. 

6. Termination Without “Cause” or “Resignation for Good Reason”. In the event Employee is terminated without Cause
or resigns for Good Reason, Employee shall be entitled to: 
 a. the Accrued Obligations; plus 

b. subject to Employee’s execution and non-revocation of a full and final Release (as defined in Section 9 below) and
Employee’s continued compliance with the Confidentiality and Inventions Assignment Agreement, severance pay in an amount equal to six (6) months’ Base Salary as in effect immediately prior to the date of termination, payable in a lump
sum on the date that is thirty (30) days following the date of termination; plus 
 c. subject to Employee’s execution and
non-revocation of a full and final Release and Employee’s continued compliance with the Confidentiality and Inventions Assignment Agreement, for the period beginning on the date of Employee’s termination of employment and ending on the
date which is six (6) full months following the date of Employee’s termination of employment (or, if earlier, the date on which the applicable continuation period under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”) expires) (the “COBRA Coverage Period”), the Company shall arrange to provide Employee and his eligible dependents who were covered under the Company’s health insurance plans as of the date of
Employee’s termination of employment with health (including medical and dental) insurance benefits substantially similar to those provided to Employee and his dependents immediately prior to the date of such termination. If the Company is not
reasonably able to continue health insurance benefits coverage under the Company’s insurance plans, the Company shall provide substantially equivalent coverage under other third-party insurance sources. If any of the Company’s health
benefits are self-funded as of the date of Employee’s termination of employment, or if the Company cannot provide the foregoing benefits in a manner that is exempt from or otherwise compliant with applicable law (including, without limitation,
Section 409A of the Code and Section 2716 of the Public Health Service Act), instead of providing continued health insurance benefits as set forth above, the Company shall instead pay to Employee an amount equal to the monthly premium
payment for Employee and his eligible dependents who were covered under the Company’s health plans as of the date of Employee’s termination of employment (calculated by reference to the premium as of the date of termination) as currently
taxable compensation in substantially equal monthly installments over the COBRA Coverage Period (or the remaining portion thereof). 
 7.
Employee’s Disability or Death. Employee’s employment shall terminate automatically in the event of Employee’s death or termination of employment by reason of his “Disability.” In the event of Employee’s death or
termination of employment as a result of Employee’s Disability, Employee or his heirs shall be entitled to (a) the Accrued Obligations, 

  
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plus (b) payment of an amount equal to Employee’s “earned” Bonus for the calendar year during which Employee’s date of termination occurs calculated as of the date of
termination (wherein “earned” means that Employee has met the applicable bonus metrics as of date of such termination, as determined by the Board), prorated for such portion of the calendar year during which such termination occurs that
has elapsed through the date of termination, payable in a lump sum on the date that is thirty (30) days following the date of termination. For purposes of this Agreement, “Disability” shall mean the Employee’s failure to perform
his duties hereunder, for a period of not less than one hundred twenty (120) consecutive days because of Employee’s incapacitation due to physical or mental injury, disability, or illness. 

8. Change in Control Termination. 

a. Payment Upon Change in Control Termination. In the event of a “Change in Control Termination”, as defined below,
Employee shall be entitled to: 
  

	 	i.	the Accrued Obligations; plus 

  

	 	ii.	subject to Employee’s execution and non-revocation of a full and final Release and Employee’s continued compliance with the Confidentiality and Inventions Assignment Agreement, severance pay in an amount equal
to the sum of (A) twelve (12) months’ Base Salary as in effect immediately prior to the date of termination, plus (B) Employee’s target Bonus for the calendar year during which such date of termination occurs, payable in a
lump sum on the date that is thirty (30) days following the date of termination; plus 

  

	 	iii.	 subject to Employee’s execution and non-revocation of a full and final Release and Employee’s continued
compliance with the Confidentiality and Inventions Assignment Agreement, for the period beginning on the date of Employee’s termination of employment and ending on the date which is eighteen (18) full months following the date of
Employee’s termination of employment (or, if earlier, the date on which the applicable continuation period under COBRA expires) (the “CIC COBRA Coverage Period”), the Company shall arrange to provide Employee and his eligible
dependents who were covered under the Company’s health insurance plans as of the date of Employee’s termination of employment with health (including medical and dental) insurance benefits substantially similar to those provided to Employee
and his dependents immediately prior to the date of such termination. If the Company is not reasonably able to continue health insurance benefits coverage under the Company’s insurance plans, the Company shall provide substantially equivalent
coverage under other third-party insurance sources. If any of the Company’s health benefits are self-funded as of the date of Employee’s termination of employment, or if the Company cannot provide the foregoing benefits in a manner that is
exempt from or otherwise compliant with applicable law (including, without limitation, Section 409A of the Code and Section 2716 of the Public Health Service Act), instead of providing continued health insurance benefits as set

  
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forth above, the Company shall instead pay to Employee an amount equal to the monthly premium payment for Employee and his eligible dependents who were covered under the Company’s health
plans as of the date of Employee’s termination of employment (calculated by reference to the premium as of the date of termination) as currently taxable compensation in substantially equal monthly installments over the CIC COBRA Coverage Period
(or the remaining portion thereof). 

 b. Definition of “Change in Control Termination”. A “Change in
Control Termination” occurs if Employee (i) is terminated without Cause, or (ii) terminates his employment pursuant to a Resignation for Good Reason, in each case within twelve (12) months following a “Change in
Control” (as defined below). For purposes of this Agreement, a “Change in Control” means the occurrence of any of the following events: 

i. Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) (other than the Company, any of its
subsidiaries, or any existing shareholder of the Company) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Securities and Exchange Act of 1934, as amended), directly or indirectly, of securities of the Company representing
fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities; 
 ii. The
consummation of the sale, liquidation or disposition by the Company of all or substantially all of the Company’s assets; or 
 iii.
The consummation of a merger, consolidation, reorganization or other similar transaction involving the Company (“Transaction”) in each case, in which the voting securities of the Company outstanding immediately prior thereto do not
continue to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the power represented by the voting securities of the Company or such
surviving entity or its parent outstanding immediately after such Transaction. 
 In addition, if a Change in Control constitutes a payment
event with respect to any payment under this Agreement which provides for the deferral of compensation and is subject to Section 409A of the Code, the transaction or event described in clause (i), (ii) or (iii) with respect to such
payment must also constitute a “change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5) to the extent required by Section 409A of the Code. 

9. Release. Notwithstanding any provision to the contrary in this Agreement, no amount shall be paid or benefit provided pursuant to
Section 6 or Section 8 (other than the Accrued Obligations) and no accelerated vesting of the Stock Option shall occur as a result of Employee’s termination of employment pursuant to Section 4(c) unless, on or prior to the
thirtieth (30th) day following the date of Employee’s termination of employment, an effective general release of claims agreement (the “Release”) in substantially the
form attached hereto as Exhibit 2 has been executed by Employee and remains effective on such date and any applicable revocation period thereunder has expired. 

10. Notices. Any reports, notices or other communications required or permitted to be given by either Party hereto, shall be given in
writing by personal delivery, overnight courier service, or by registered or certified mail, postage prepaid, return receipt requested, addressed to 

  
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each respective Party at the address shown below: 
 If to Company: 

AIRGAIN, INC. 
 1930 Palomar Point
Way, Suite 107 
 Carlsbad, CA 92008 

Fax: (760) 579-0892 
 Attn:
Chairman of the Board 
 If to Employee: 

Leo Johnson 

							
	  
	  		  		  	
	  
	  		  		  	
	  
	  		  		  	

 11. Notice of Termination. Any purported termination of Employment by the Company or the Employee shall
be communicated by written Notice of Termination to the other Party. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which indicates, if applicable, the specific termination provision in this Agreement
relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Employee’s employment under the provision so indicated. For purposes of this Agreement, no such purported
termination of employment shall be effective without delivery of such a Notice of Termination. 
 12. General Provisions. 

a. Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of California
without regard to the conflicts of laws principles thereof. Employee and the Company agree that any litigation regarding this Agreement shall be conducted in San Diego, California. Employee and the Company hereby consent to the jurisdiction of the
courts of the State of California and the United States District Court for the Southern District of California. 
 b. Assignment;
Assumption by Successor. The rights of the Company under this Agreement may, without the consent of Employee, be assigned by the Company, in its sole and unfettered discretion, to any person, firm, corporation or other business entity which at
any time, whether by purchase, merger or otherwise, directly or indirectly, acquires all or substantially all of the assets or business of the Company. The Company will require any successor (whether direct or indirect, by purchase, merger or
otherwise) to all or substantially all of the business or assets of the Company expressly to assume and to agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such
succession had taken place; provided, however, that no such assumption shall relieve the Company of its obligations hereunder. As used in this Agreement, the “Company” shall mean the Company as hereinbefore defined and any successor
to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise. 
 c. No
Waiver of Breach. The failure to enforce any provision of this 

  
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Agreement shall not be construed as a waiver of any such provision, nor prevent a Party thereafter from enforcing the provision or any other provision of this Agreement. The rights granted the
Parties are cumulative, and the election of one shall not constitute a waiver of such Party’s right to assert all other legal and equitable remedies available under the circumstances. 

d. Severability. The provisions of this Agreement are severable, and if any provision shall be held to be invalid or otherwise
unenforceable, in whole or in part, the remainder of the provisions, or enforceable parts of this Agreement, shall not be affected. 
 e.
Entire Agreement. This Agreement and the Confidentiality and Inventions Assignment Agreement constitute the entire agreement of the Parties with respect to the subject matter of this Agreement and supersede all prior and contemporaneous
negotiations, agreements and understandings between the Parties, whether oral or written, including, without limitation, any offer letter between the parties. 

f. Modifications and Waivers. No modification or waiver of this Agreement shall be valid unless in writing, signed by the Party against
whom such modification or waiver is sought to be enforced. 
 g. Amendment. This Agreement may be amended or supplemented only by a
writing signed by both of the Parties hereto. 
 h. Duplicate Counterparts; Facsimile. This Agreement may be executed in duplicate
counterparts, each of which shall be deemed an original; provided, however, such counterparts shall together constitute only one agreement. Facsimile signatures or signatures sent via electronic mail shall be as effective as original signatures.

 i. Interpretation. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement. 
 j. Non-transferability of Interest. None of the rights of Employee to receive any
form of compensation payable pursuant to this Agreement shall be assignable or transferable except through a testamentary disposition or by the laws of descent and distribution upon the death of Employee. Any attempted assignment, transfer,
conveyance, or other disposition (other than as aforesaid) of any interest in the rights of Employee to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void. 

k. Construction. The language in all parts of this Agreement shall in all cases be construed simply, according to its fair meaning, and
not strictly for or against any of the parties hereto. Without limitation, there shall be no presumption against any party on the ground that such party was responsible for drafting this Agreement or any part thereof. 

l. Section 409A. 

i. Notwithstanding anything to the contrary in this Agreement, no payment or benefit to be paid or provided to Employee upon his termination
of employment, if any, pursuant to this Agreement that, when considered together with any other payments or benefits, are considered deferred compensation under Section 409A (together, the “Deferred Payments”) will be paid or
otherwise provided until Employee has a “separation from service” within the meaning of Section 409A. Similarly, no amounts payable to Employee, if any, pursuant to this Agreement that otherwise would be exempt from Section 409A
pursuant to 

  
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Treasury Regulation Section 1.409A-1(b)(9) will be payable until Employee has a “separation from service” within the meaning of Section 409A. 

ii. Notwithstanding anything to the contrary in this Agreement, if Employee is a “specified employee” within the meaning of
Section 409A at the time of Employee’s termination of employment (other than due to death), then the Deferred Payments that are payable within the first six (6) months following Employee’s separation from service, will become
payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Employee’s separation from service. All subsequent Deferred Payments, if any, will be payable in accordance with
the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Employee dies following Employee’s separation from service, but prior to the six (6) month anniversary of the separation from
service, then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Employee’s death and all other Deferred Payments will be payable in accordance with the
payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. 

iii. Any amount paid under this Agreement that satisfies the requirements of the “short-term deferral” rule set forth in
Section 1.409A-1(b)(4) of the Treasury Regulations will not constitute a Deferred Payment for purposes of clauses (i) and (ii) above. 

iv. Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to
Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the limits set forth therein will not constitute a Deferred Payment for purposes of clauses (i) and (ii) above. 

v. This Agreement is intended to be written, administered, interpreted and construed in a manner such that no payment or benefits provided
under the Agreement become subject to (A) the gross income inclusion set forth within Code Section 409A(a)(1)(A) or (B) the interest and additional tax set forth within Code Section 409A(a)(1)(B) (together, referred to herein as
the “Section 409A Penalties”), including, where appropriate, the construction of defined terms to have meanings that would not cause the imposition of Section 409A Penalties. In no event shall the Company be required to provide
a tax gross-up payment to Employee or otherwise reimburse Employee with respect to Section 409A Penalties. The Company and Employee agree to work together in good faith to consider amendments to this Agreement and to take such reasonable
actions which are necessary, appropriate or desirable to avoid imposition of any Section 409A Penalties on Employee. 
 vi. Any
reimbursement of expenses or in-kind benefits payable under this Agreement shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv) and shall be paid on or before the last day of Employee’s taxable year following the
taxable year in which Employee incurred the expenses. The amount of expenses reimbursed or in-kind benefits payable in one year shall not affect the amount eligible for reimbursement or in-kind benefits payable in any other taxable year of
Employee’s, and Employee’s right to reimbursement for such amounts shall not be subject to liquidation or exchange for any other benefit. 

(Signature Page Follows) 

  
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 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date(s) set forth below.

  

									
		 		 		 	AIRGAIN, INC.
					
	Dated:	 	 July 28, 2014
	 		 	By:	 	 /s/ Charles A. Myers

					
		 		 		 	Name:	 	 Charles A. Myers

					
		 		 		 	Title:	 	 CEO

				
		 		 		 	EMPLOYEE
				
	Dated:	 	 July 28, 2014
	 		 	 /s/ Leo Johnson

		 		 		 	LEO JOHNSON

  
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 EXHIBIT 2 

GENERAL RELEASE OF CLAIMS 

[The language in this Release may change based on legal developments and evolving best practices; this form is provided as an example of
what will be included in the final Release document.] 
 This General Release of Claims (“Release”) is entered into as
of this      day of             ,         , between LEO JOHNSON (“Employee”), and AIRGAIN, INC., a California
corporation (the “Company”) (collectively referred to herein as the “Parties”). 
 WHEREAS, Employee and
the Company are parties to that certain Employment Agreement effective as of July 28, 2014 (the “Agreement”); 

WHEREAS, the Parties agree that Employee is entitled to certain severance benefits under the Agreement, subject to Employee’s execution
of this Release; and 
 WHEREAS, the Company and Employee now wish to fully and finally to resolve all matters between them. 

NOW, THEREFORE, in consideration of, and subject to, the severance benefits payable to Employee pursuant to the Agreement, the adequacy of
which is hereby acknowledged by Employee, and which Employee acknowledges that he would not otherwise be entitled to receive, Employee and the Company hereby agree as follows: 

1. General Release of Claims by Employee. 

(a) Employee, on behalf of himself and his executors, heirs, administrators, representatives and assigns, hereby agrees to release and forever
discharge the Company and all predecessors, successors and their respective parent corporations, affiliates, related, and/or subsidiary entities, and all of their past and present investors, directors, shareholders, officers, general or limited
partners, employees, attorneys, agents and representatives, and the employee benefit plans in which Employee is or has been a participant by virtue of his employment with or service to the Company (collectively, the “Company
Releasees”), from any and all claims, debts, demands, accounts, judgments, rights, causes of action, equitable relief, damages, costs, charges, complaints, obligations, promises, agreements, controversies, suits, expenses, compensation,
responsibility and liability of every kind and character whatsoever (including attorneys’ fees and costs), whether in law or equity, known or unknown, asserted or unasserted, suspected or unsuspected (collectively, “Claims”),
which Employee has or may have had against such entities based on any events or circumstances arising or occurring on or prior to the date hereof or on or prior to the date hereof, arising directly or indirectly out of, relating to, or in any other
way involving in any manner whatsoever Employee’s employment by or service to the Company or the termination thereof, including any and all claims arising under federal, state, or local laws relating to employment, including without limitation
claims of wrongful discharge, breach of express or implied contract, fraud, misrepresentation, defamation, or liability in tort, and claims of any kind that may be brought in any court or administrative agency including, without

 
limitation, claims under Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. Section 2000, et seq.; the Americans with Disabilities Act, as amended, 42 U.S.C.
§ 12101 et seq.; the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701 et seq.; the Civil Rights Act of 1866, and the Civil Rights Act of 1991; 42 U.S.C. Section 1981, et
seq.; the Age Discrimination in Employment Act, as amended, 29 U.S.C. Section 621, et seq. (the “ADEA”); the Equal Pay Act, as amended, 29 U.S.C. Section 206(d); regulations of the Office of Federal
Contract Compliance, 41 C.F.R. Section 60, et seq.; the Family and Medical Leave Act, as amended, 29 U.S.C. § 2601 et seq.; the Fair Labor Standards Act of 1938, as amended, 29 U.S.C.
§ 201 et seq.; the Employee Retirement Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; and the California Fair Employment and Housing Act, California Government Code Section 12940,
et seq. 
 Notwithstanding the generality of the foregoing, Employee does not release the following claims: 

(i) Claims for unemployment compensation or any state disability insurance benefits pursuant to the terms of applicable state
law; 
 (ii) Claims for workers’ compensation insurance benefits under the terms of any worker’s compensation
insurance policy or fund of the Company; 
 (iii) Claims pursuant to the terms and conditions of the federal law known as
COBRA; 
 (iv) Claims for indemnity under the bylaws of the Company, as provided for by California law or under any
applicable insurance policy with respect to Employee’s liability as an employee, director or officer of the Company; 

(v) Claims based on any right Employee may have to enforce the Company’s executory obligations under the Agreement; and

 (vi) Claims Employee may have to vested or earned compensation and benefits. 

(b) EMPLOYEE ACKNOWLEDGES THAT HE HAS BEEN ADVISED OF AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH
PROVIDES AS FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR
HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

BEING AWARE OF SAID CODE SECTION, EMPLOYEE HEREBY EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER

  
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STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 
 [Note: Clauses (c),
(d) and (e) apply only if Employee is age 40 or older at time of termination] 
 (c) Employee acknowledges that this
Release was presented to him on the date indicated above and that Employee is entitled to have twenty-one (21) days’ time in which to consider it. Employee further acknowledges that the Company has advised him that he is waiving his rights
under the ADEA, and that Employee should consult with an attorney of his choice before signing this Release, and Employee has had sufficient time to consider the terms of this Release. Employee represents and acknowledges that if Employee executes
this Release before twenty-one (21) days have elapsed, Employee does so knowingly, voluntarily, and upon the advice and with the approval of Employee’s legal counsel (if any), and that Employee voluntarily waives any remaining
consideration period. 
 (d) Employee understands that after executing this Release, Employee has the right to revoke it within seven
(7) days after his execution of it. Employee understands that this Release will not become effective and enforceable unless the seven (7) day revocation period passes and Employee does not revoke the Release in writing. Employee
understands that this Release may not be revoked after the seven (7) day revocation period has passed. Employee also understands that any revocation of this Release must be made in writing and delivered to the Company at its principal place of
business within the seven (7) day period. 
 (e) Employee understands that this Release shall become effective, irrevocable, and
binding upon Employee on the eighth (8th) day after his execution of it, so long as Employee has not revoked it within the time period and in the manner specified in clause (d) above.

 (f) Employee further understands that Employee will not be given any severance benefits under the Agreement unless this Release is
effective on or before the date that is thirty (30) days following the date of Employee’s termination of employment. 
 2. No
Assignment. Employee represents and warrants to the Company Releasees that there has been no assignment or other transfer of any interest in any Claim that Employee may have against the Company Releasees. Employee agrees to indemnify and hold
harmless the Company Releasees from any liability, claims, demands, damages, costs, expenses and attorneys’ fees incurred as a result of any such assignment or transfer from Employee. 

3. Severability. In the event any provision of this Release is found to be unenforceable by an arbitrator or court of competent
jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by
law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby. 

  
 3 

 4. Interpretation; Construction. The headings set forth in this Release are for
convenience only and shall not be used in interpreting this Agreement. This Release has been drafted by legal counsel representing the Company, but Employee has participated in the negotiation of its terms. Furthermore, Employee acknowledges that
Employee has had an opportunity to review and revise the Release and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party
shall not be employed in the interpretation of this Release. Either party’s failure to enforce any provision of this Release shall not in any way be construed as a waiver of any such provision, or prevent that party thereafter from enforcing
each and every other provision of this Release. 
 5. Governing Law; Venue. This Release shall be governed by and construed in
accordance with the laws of the State of California without regard to the conflicts of laws principles thereof. Employee and the Company agree that any litigation regarding this Release shall be conducted in San Diego, California. Employee and the
Company hereby consent to the jurisdiction of the courts of the State of California and the United States District Court for the Southern District of California. 

6. Entire Agreement. This Release and the Agreement constitute the entire agreement of the Parties in respect of the subject matter
contained herein and therein and supersede all prior or simultaneous representations, discussions, negotiations and agreements, whether written or oral. This Release may be amended or modified only with the written consent of Employee and an
authorized representative of the Company. No oral waiver, amendment or modification will be effective under any circumstances whatsoever. 

7. Counterparts. This Release may be executed in multiple counterparts, each of which shall be deemed to be an original but all of
which together shall constitute one and the same instrument. 
 (Signature Page Follows) 

  
 4 

 IN WITNESS WHEREOF, the Parties have executed this Release as of the date(s) set forth below.

  

									
		 		 		 	AIRGAIN, INC.
					
	Dated:	 	  
	 		 	By:	 	  

					
		 		 		 	Name:	 	  

					
		 		 		 	Title:	 	  

				
		 		 		 	EMPLOYEE
				
	Dated:	 	  
	 		 	  

		 		 		 	LEO JOHNSON

  
 5EX-10.16

 Exhibit 10.16 
  

 
 SERVICES AGREEMENT 

This services agreement (this “Agreement”) is entered into as of December 4, 2012 (the “Effective Date”) by and between Airgain Inc.
(the “Company”) with an address of 1930 Palomar Point Way, Suite 107 Carlsbad, CA, 92008, United States of America and Leo Johnson (the “Consultant”) with an address at 

RECITALS 
 1. Consultant has expertise in
the area which is of interest to the Company and Consultant is willing to provide consulting services to Company subject to the terms in “Exhibit A” hereto. 

2. Company is willing to engage Consultant as an independent contractor, and not as an employee, on the terms and conditions set forth herein. 

AGREEMENT 
 In consideration of the
foregoing and of the mutual promises set forth herein, and intending to be legally bound, the parties hereto agree as follows: 
 1. Engagement. 

(a) Company hereby engages Consultant to render, as an independent contractor, the consulting services described in “Exhibit A” hereto and such
other services as may be agreed to in writing by Company and Consultant from time to time. 
 (b) Consultant hereby accepts the engagement to provide
consulting services to Company on the terms and conditions set forth herein and in “Exhibit A”. 
 2. Term. This Agreement will commence on
the date first written above, and unless modified by the mutual written agreement of the parties, shall continue until one year thereafter. Either Party may terminate this Agreement for any reason upon 30 days written notice. 

3. Compensation. 
 (a) In consideration of the services
to be performed by Consultant, Company agrees to pay Consultant in the manner and at the rates set forth in “Exhibit A”. 
 (b) The Company shall
reimburse Consultant for long distance telephone, telecopy, courier, printing, photography and reproduction charges, “economy” class lodging, and travel expenses, and other reasonable business expenses, at actual cost, related to the
performance of Consultant’s duties under this Agreement. Consultant shall procure Company’s prior written approval before incurring any expense in excess of US$1,000 (one thousand United States Dollars) in accordance with the following
procedure: Consultant must submit a letter or email describing the expenses. The letter must be signed or a return email sent by a Vice President of the Company. 

4. Representations and Warranties. Consultant represents and warrants that Consultant has not entered into any agreement (whether oral or written) in
conflict with this Agreement. 
 5. Obligation to Hold Information Confidential. The details of this obligation to hold information confidential are
governed by a separate Consultant Proprietary Information and Inventions Agreement (the “CPII Agreement”) executed by the parties on the Effective Date. 

6. Governing Law; Forum. This Agreement is governed in all respects by the laws of the United States of America and the State of California as such
laws are applied to agreements entered into and to be performed entirely within California between California residents. The parties consent to venue in, and the exclusive jurisdiction of, the state and federal courts located in San Diego County,
California. The prevailing party in any proceeding or lawsuit regarding this Agreement shall be entitled to receive its costs, expert witness fees, and reasonable attorney’s fees, including costs and fees on appeal. 

7. Entire Agreement. This Agreement and the CPII Agreement contain the entire understanding and agreement between the parties hereto with respect to
its subject matter and supersedes any prior or 

  
 1 

 
contemporaneous written or oral agreements, representations or warranties between them respecting the subject matter hereof. 

8. Amendment. This Agreement may be amended only by a writing signed by Consultant and by a representative of Company duly authorized. 

9. Severability. If any term, provision, covenant or condition of this Agreement, or the application thereof to any person, place or circumstance,
shall be held by a court of competent jurisdiction to be invalid, unenforceable or void, the remainder of this Agreement and such term, provision, covenant or condition as applied to other persons, places and circumstances shall remain in full force
and effect. 
 10. Rights Cumulative. The rights and remedies provided by this Agreement are cumulative, and the exercise of any right or remedy by
either party hereto (or by its successors), whether pursuant to this Agreement, to any other agreement, or to law, shall not preclude or waive its right to exercise any or all other rights and remedies. 

11. Non waiver. No failure or neglect of either party hereto in any instance to exercise any right, power or privilege hereunder or under law shall
constitute a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance. All waivers by either party hereto must be contained in a written instrument signed by the party to be charged and, in the
case of Company, by an executive officer of Company or other person duly authorized by Company. 
 12. Agreement to Perform Necessary Acts. The
parties hereto agree to perform any further acts and execute and deliver any documents that may be reasonably necessary to carry out the provisions of this Agreement. 

13. Assignment. This Agreement may not be assigned by Consultant without Company prior written consent. This Agreement may be assigned by Company in
connection with a merger or sale of all or substantially all of its assets, and in other instances with the Consultant’s consent which consent shall not be unreasonably withheld or delayed. 

14. Compliance with Law. In connection with his services rendered hereunder, Consultant agrees to abide by all federal, state, and local laws,
ordinances and regulations. 
 15. Independent Contractor. The relationship between Consultant and Company is that of independent contractor under a
“work for hire” arrangement. All work products, inventions and any intellectual property related thereto developed by Consultant shall be deemed owned by and shall be assigned to Company. This Agreement is not authority for Consultant to
act for Company as its agent or make commitments for Company. Consultant will not be eligible for any employee benefits, nor will Company make deductions from fees to the Consultant for taxes, insurance, bonds or the like. Consultant retains the
discretion in performing the tasks assigned, within the scope of work specified. 
  

									
	Company: Airgain Inc.	 		 	Consultant:
					
	By:	 	 /s/ Charles A. Myers
	 		 	By:	 	 /s/ Leo Johnson

	Name:	 	Charles A. Myers	 		 	Name:	 	Leo Johnson
	Title:	 	CEO	 		 	Title:	 	Consultant

  
 2 

 Exhibit A 

Description of Services to be Rendered 
 Services
pertaining to Airgain’s business as specifically agreed by email or other written communication between the parties. These may include: 
 Services

 Leo Johnson will provide Services of which time will focus on the following objectives: 

1. Investment/Financing Activities - Work with the Company to enhance and maintain investor presentation materials, investment scenarios, and provide leverage
to legal counsel with coordination of due diligence and documentation of shareholder agreements. 
 2. Financial Model - Work with the Company to enhance
and maintain a multi-year comprehensive financial model based on key business assumptions, goals and objectives, industry metrics, etc. 
 3. Corporate and
Financial Due Diligence - review and assess current corporate documentation including charter, bylaws, board and shareholders actions & consents, etc., and financial information including financial statements. 

4. Financial Reporting and Accounting - Enhance and maintain required infrastructure of systems, policies and processes for revenue recognition and reporting,
and prepare and deliver appropriate reporting for investor relations and internal management purposes; oversight of the Company’s accounting and bookkeeping function. 

5. Banking - Manage treasury activities and cash flow, including bank relationship and any business financing including growth capital, lease facilities, or
vendor financing. 
 6. Operations - Assist the Company with direct ion of key service partners including CPA, insurance, real estate, payroll, benefits,
etc., and provide leadership to daily operating issues including planning, organizational development, human resources, audit and tax compliance, negotiation with vendor and customer agreements, etc. 

7. Equity - Maintain stock incentive plan, coordinate option grants, and maintain capitalization tables. 

8. Other - Preparation for and attendance in company related meetings, etc. 

Hours and Compensation 
 Working
hours shall be limited to 40 hours per week unless explicit authorization is granted by the Company’s Chief Executive Officer. Compensation shall be as follows: 

 

			
	1. Consulting fee of $25,000.00 per month

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