Document:

Exhibit 10.5

        

     

        

    EMPLOYMENT AGREEMENT

    

    

    THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered to be effective as of February __, 2019 by and between XSport Global, Inc. (the
        “Company”), and Ray Mariorenzi (“Employee”).

    

    

    RECITALS

    

    

    WHEREAS, the Company is engaged in the development and commercialization of mobile applications, specifically as they relate to the
        training of cognitive functions (the “Business”); and

    

    

    WHEREAS, the Company desires to employ Employee, and Employee desires to be employed by the Company, on the terms and subject to the
        conditions of this Agreement.

    

    

    NOW THEREFORE, in consideration of the recitals and the mutual agreements herein contained, the parties hereto agree as follows:

    

    

    
      
        	1.	
                Employment.  The Company hereby employs Employee, and Employee hereby accepts employment with
                    the Company, on the terms and subject to the conditions of this Agreement. Employment to start effective February __, 2019. (“Effective Date”)

              

      

    

    

    

    
      
        	2.	
                Title.  Employee is hereby employed by Company as the President for the Employment Period. 
                    Employee agrees that Employee will perform such duties as are customarily performed by a person holding such position in similar companies.  Employee will, at all times, abide by all personnel policies of the Company, as in effect from
                    time to time, and will faithfully, industriously, and to the best of Employee’s ability, experience, and talents, perform all of the duties that may be required of and from Employee pursuant to the terms of this Employment Agreement.
                    This position of President is entitled to a voting member position on the Board of Directors.

              

      

    

    

    

    
      
        	3.	
                Employment Duties.  Employee shall be employed as President of the Company to perform such
                    duties as the Company’s Chairman determines and shall be responsible for the performance of such duties and responsibilities as may be assigned from time to time by the Company (collectively, the “Employment Duties”).  During Employee’s
                    employment hereunder, Employee shall: (i) devote commercially reasonable business time, to the discharge of the Employment Duties and Employee’s other responsibilities hereunder on a timely basis; (ii) use his best efforts to loyally
                    and diligently serve the business and affairs of the Company; and (iii) endeavor in all respects to promote the Company’s interests in all matters.

              

      

    

    

    

    
      
        	4.	
                Term.  Employee’s employment hereunder shall commence on the date specified in Section (1)
                    above and shall continue for a period of 24 months, or until such time as this Agreement is terminated pursuant to section 9 hereof (the period of Employee’s employment hereunder is referred to hereinafter as the “Employment Period”).

              

         

        

      

    

    
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              5.

            	
              Compensation.

            

    

    

    

    
      
        	

              	5.1.	
                Annual Compensation.  Employee shall receive a salary equal to One Hundred Eighty Thousand
                    Dollars and 00/100 ($180,000.00) per year.  Employee shall be immediately vested in the Company Health and benefits package and receive the benefits as a paid in full benefit of the Company.

              

      

    

    

    

    
      
        	

              	5.2.	
                Stock.  Employee shall receive and the Company shall issue Five Million (5,000,000) Shares of common stock at.0001 per share to Employee under the following vesting
                    schedule:

              

      

    

    

    

    
      
        	

              	5.3.	
                The 5,000,000 (five million) shares will vest as follows; 40% will vest immediately upon signature of this agreement and the balance will vest on an equal basis every month
                    for a period of 12 months.

              

      

    

    

    

    
      
        	

              	5.4.	
                Optional Deferment of Salary. Employee may exercise an option to defer up to fifty percent (50%) of his annual salary to purchase an equivalent number of options in the
                    company based upon the purchase price of 5 day trading average per share or (the purchase price of the last completed round of financing prior to this agreement)

              

      

    

    

    

    
      
        	

              	5.5.	
                Performance-based Incentive. Employee also has the ability to earn up to 5% the acquisition price of strategic partnerships actually introduced by the Employee to the
                    Company and executed during the term of this Agreement, paid for in the form of common restricted stock, up to 2,000,000.

              

      

    

    

    

    
      
        	6.	
                Reimbursement of Business Expenses.  During the Employment Period, the Company shall, subject
                    to Employee providing sufficient documentation to permit the Company to deduct such payments and only to the extend consistent with the Company’s business expense reimbursement policy in effect from time to time, reimburse Employee for
                    reasonable expenses incurred in connection with the performance by Employee of the Employment Duties, which shall include travel and entertainment expenses, again, subject to prior approval by the Company.

              

      

    

    

    

    
      
        	7.	
                Vacation, Sick Time and
                        Holidays. Employee shall be entitled to two weeks of Paid Time Off (PTO) per year for the first three years of employment.   Beginning with the fourth year, Employee will be entitled to four weeks of PTO per year. In addition, Employee shall be entitled to all sick time and
                      holidays provided for
                      under the Company’s existing and future sick time policy and regular holiday schedule.

              

      

    

    

    

    
      
        	8.	
                Company Benefits. Employee shall be eligible for participation in any company benefits packages
                    that are provided throughout the term of the employment and subject to the applicable enrollment and vesting policies for the benefits.

              

      

    

    

    

    
      
        	9.	
                Termination.

              

         

        

      

    

    
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              	9.1.	
                Termination for Cause.  Upon the occurrence of any of the following events (as determined in
                    the sole discretion of the Chairman), the Company may terminate this Agreement and Employee’s employment hereunder immediately upon delivery of written notice to Employee, (i) the engagement by Employee in any conduct which constitutes
                    gross negligence, willful misconduct or any other conduct which is demonstrably and materially injurious to the Company, whether monetary or otherwise; (ii) the commission of any felony, act of fraud or dishonesty involving the Company
                    or its business or which materially impairs the Employee’s ability to perform his duties for the Company.  Company must provide Employee with notice of the occurrence in writing and must provide a minimum of thirty days for the employee
                    to cure the injury.

              

      

    

    

    

    
      
        	

              	9.2.	
                Termination Without Cause. This agreement is an “At Will” Employment agreement

              

      

    

    

    

    
      
        	

              	9.3.	
                Termination by the Company. Company may terminate this Agreement and Employee’s employment
                    hereunder at any time by giving written notice of such intent to the Employee of at least 30 days prior to the effective date of such termination.

              

      

    

    

    

    
      
        	

              	9.4.	
                Termination by Employee.  Employee may terminate this Agreement and Employee’s employment
                    hereunder at any time and for any reason by giving written notice of such intent to the Company at least 30 days prior to the effective date of such termination.

              

      

    

    

    

    
      
        	

              	9.5.	
                Compensation Payable Up on Termination.  Upon the termination of this Employment Agreement,
                    with or without cause, the Employee shall be entitled to retain all equity ownership that he has earned as a participant of the company’s stock option plan as of the date of termination.  In addition, Employee shall receive three
                    months’ salary of the same amount received by Employee during the month immediately preceding such Termination of this Agreement, by way of severance.

              

      

    

    

    

    
      
        	

              	9.6.	
                Intentionally Omitted.

              

      

    

    

    

    
      
        	10.	
                Confidential Information.

              

      

    

    

    

    
      
        	

              	10.1.	
                Nondisclosure of Confidential Information.  The parties hereto acknowledge and agree that as an
                    employee of the Company, Employee will have access to and will be entrusted with Confidential Information, and that the Company would suffer great loss and injury if Employee disclosed any Confidential Information (except as provided in
                    this Agreement) or used any Confidential Information to compete with the Company.  Accordingly, except in pursuit of the business of the Company and except as provided in above section hereof, Employee shall not directly or indirectly,
                    whether individually or as an employee, principal, agent, owner, trustee, beneficiary, distributor, partner, co-venturer, investor, consultant or in any other capacity, use or disclose, or cause to be used or disclosed, any Confidential
                    Information received by the Company during the performance of Employee’s duties pursuant to this Agreement.

              

         

        

      

    

    
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              	10.2.	
                Nondisclosure of Trade Secrets.  Notwithstanding anything contained in this Agreement to the
                    contrary, Employee shall not, directly or indirectly, whether individually or as an employee, principal, agent, owner, trustee, beneficiary, distributor, partner, co-venturer, investor, consultant or in any other capacity, except in
                    pursuit of the business of the Company, use or disclose, or cause to be used or disclosed, any Confidential Information of the Company which constitutes a trade secret as long as such information remains a Trade Secret.

              

      

    

    

    

    
      
        	

              	10.3.	
                Reasonableness of Terms; Adequacy of Consideration.  Employee acknowledges and agrees that the
                    terms of this section are reasonable and necessary for the protection of the Company and the Business.  Employee further acknowledges and agrees that the consideration provided for herein is sufficient to fully and adequately compensate
                    Employee for agreeing to the terms and conditions of this Agreement.

              

      

    

    

    

    
      
        	

              	10.4.	
                Definition of Confidential Information.  The term “Confidential Information,” as used in this
                    Agreement, means any and all of the following as it relates to the Company and/or the Business:  (i) all historical financial statements, financial projections and budgets, historical and projected sales, capital spending budgets and
                    plans, the names and backgrounds of key personnel, and personnel training techniques and materials, however documented; (ii) all product specifications, data, formulae, compositions, processes, designs, sketches, photographs, graphs,
                    drawings, samples, inventions and ideas, past, current, and planned research and development, current and planned production or distribution methods and processes, customer lists, current and anticipated customer requirements, price
                    lists, market studies, business plans, computer software and programs (including object code and source code), computer software and database technologies, systems, structures and architectures (and related processes, formulae,
                    composition, improvements, devices, inventions, discoveries, concepts, ideas, designs, methods and information);(iii) any contract manufacturer, partnership structure with development and manufacturing companies, and (iv) all
                    information (whether or not part of the foregoing), however documented, which constitutes a Trade Secret.  Notwithstanding the foregoing, the term “Confidential Information” shall not include information concerning the Company and/or
                    the Business that becomes generally available to the public other than as a result of disclosure by Employee.

              

      

    

    

    

    
      
        	

              	10.5.	
                Permitted Disclosure.  The restrictions set forth in above sections hereof shall not apply to
                    any disclosure of Confidential Information or a Trade Secret, as the case may be, required to be made under applicable law or regulation or by order of a court or governmental authority acting within its jurisdiction; provided, however,
                    that prior to such disclosure, Employee shall have provided the Company with written notice of such disclosure requirement and the Company shall have had a reasonable opportunity to contest such requirement.

              

      

    

    

    

    
      
        	

              	10.6.	
                Reasonableness of Restrictions; Adequacy of Consideration.  Employee acknowledges and agrees
                    that the restrictions contained in this Agreement are reasonable and that the consideration provided herein is sufficient to fully and adequately compensate Employee for agreeing to such restrictions.

              

         

        

      

    

    
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              	10.7.	
                Confidential Information and Intellectual Property belongs to the Company.  All Confidential
                    Information shall remain the sole and exclusive property of the Company, and Employee shall have no rights, by license or otherwise, to use the Confidential Information except as expressly provided herein.  No patent, copyright,
                    trademark or other proprietary right is licensed, granted or otherwise conveyed by this Agreement with respect to the Confidential Information. The right title and interest in any product developed by the company during the Employment
                    period and wherein Employee is actively engaged or otherwise is involved in the development of any product in the course of his duties, shall belong solely to the Company and Employee shall have no rights whatsoever in the products and
                    its economic benefits other than the benefit received by way of profit share as contained in this agreement.

              

      

    

    

    

    
      
        	

              	10.8.	
                Common Law of Torts and Trade Secrets.  Nothing in this Agreement shall be construed to limit
                    or negate the common law of torts or trade secrets where such law provides the Company with broader protection than that provided herein.

              

      

    

    

    

    
      
        	

              	10.9.	
                Return of Confidential Information.  Employee agrees that immediately upon termination of
                    Employee’s employment, or upon request by Company, Employee will return to Company all company property, including but not limited to the Confidential Information.

              

      

    

    

    

    
      
        	11.	
                Directors and Officers Insurance.  The Company must purchase and maintain Directors and
                    Officers insurance in an amount of not less than Two Hundred and Fifty Thousand  (250,000.00) per occurrence on the Employee throughout the term of the contract.

              

      

    

     

    

    
      
        	12.	
                Specific Performance.  Employee acknowledges and agrees that irreparable injury to the Company
                    may result if Employee breaches any covenant of Employee contained herein and that the remedy at law for the breach of any such covenant will be inadequate.  Accordingly, if Employee engages in any act in violation of the provisions of
                    this Agreement, the Company shall be entitled, in addition to such other remedies and damages as may be available to it by law or under this Agreement, to injunctive relief to enforce the provisions of this Agreement.

              

      

    

    

    

    
      
        	13.	
                Indemnification.   To the maximum extent and when permitted by applicable law, the Articles of Incorporation,  Bylaws/and or resolutions of the Company in effect from time to time (except as limited below), the Company shall indemnify and defend Employee

                      against liability or loss

                    arising out of Employee ‘s
                      actual or asserted misfeasance in the performance of Employee’s  duties or out of any actual or asserted Wrongful act against, or by, the Company including but not limited to judgments, fines, settlements and expenses incurred in the defense of actions, proceedings and appeals therefrom . The Company shall endeavor to maintain Directors and Officers Liability Insurance to
                      indemnify and insure the Company and Employee from and against the aforesaid liabilities. The provisions of this Section shall apply and inure to the benefit of the estate, executor, administrator, heirs, legatees or devisees of Employee.

              

         

        

      

    

    
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        	14.	
                Non-Competition and Non-Solicitation.  As a material part of the consideration given for this
                    Agreement, during the term of this Agreement and for a period of six (6) months following the termination of Employee’s employment (for any reason or no reason), Employee agrees that he will not, directly or indirectly, engage himself
                    in any activity that ensures economic benefit to him by dealing in any manner whatsoever in products that the company is either currently selling, licensing, developing or has committed financial resources  to develop.  This section
                    shall not limit Employee from accepting employment from a competitor of the Company, or any other third-party entity, upon the termination of employment with the Company, so long as Employee does not disclose any of the Company’s
                    confidential information to the new employer.

              

      

    

    

    

    
      
        	15.	
                Employment Status.  The parties hereto acknowledge and agree that Employee is an employee at
                    will and that Employee’s employment hereunder may be terminated with or without cause and, subject to any applicable notice periods hereunder, at any time. Employee will be considered as full time exempt employee.

              

      

    

    

    

    
      
        	16.	
                Governing Law; Construction.  This Agreement shall be governed by and construed in accordance
                    with the laws of the State of North Carolina (regardless of such State’s conflict of laws principles), and without reference to any rules of construction regarding the party responsible for drafting thereof.

              

      

    

    

    

    
      
        	17.	
                Waiver.  The failure of any party to insist, in any one or more instances, upon performance of
                    any of the terms or conditions of this Agreement, shall not be construed as a waiver or a relinquishment of any right granted hereunder for the future performance of any such term, covenant or condition.

              

      

    

    

    

    
      
        	18.	
                Severability.  Any term or provision of this Agreement that is invalid or unenforceable in any
                    situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions of this Agreement or the validity or enforceability of the offending term or provision in any other situation or in any
                    other jurisdiction.  If the final judgment of a court of competent jurisdiction declares that any term or provision of this Agreement is invalid or unenforceable, the parties hereto agree that the court making the determination of
                    invalidity or unenforceability shall have the power to reduce the scope, duration or area of the term or provision, to delete specific words or phrase or to replace any invalid or unenforceable term or provision with a term or provision
                    that is valid or enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time within which the
                    judgment may be appealed.  The parties specifically acknowledge and agree that each covenant and agreement contained in sections 7 through 16 hereof is a separate and independent covenant and agreement.

              

      

    

    

    

    
      
        	19.	
                Amendment.  This Agreement may be amended only by an agreement in writing signed by each of the
                    parties hereto.

              

      

    

    

    

    
      
        	20.	
                Benefit; Assignment.  This Agreement shall be binding upon and inure to the benefit of the
                    parties hereto and their respective heirs, successors, assigns and beneficiaries in interest; provided, however, that Employee may not assign this Agreement without the prior written consent of the Company.  This Agreement may be
                    assigned by the Company without notice to, or consent by Employee.

              

         

        

      

    

    
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        	21.	
                Entire Agreement, Incorporation of Terms.  This Agreement represents the full and complete
                    understanding of the parties with respect to the subject matter hereof.  The introductory language, the recitals and any exhibits or schedules attached hereto are incorporated into this Agreement by reference.

              

      

    

    

    

    
      
        	22.	
                Headings.  All section headings herein are inserted for convenience only and shall not modify
                    or affect the construction or interpretation of any provision of this Agreement.

              

      

    

    

    

    
      
        	23.	
                Counterparts.  This Agreement may be executed in counterparts and transmitted by facsimile,
                    each of which shall be deemed an original, but both of which taken together shall constitute one and the same instrument.

              

      

    

    

    

    
      
        	24.	
                This Employment Agreement is dated as of the date first above written.

              

      

    

    

    

    	
            EMPLOYEE:

          	 	
            XSPORT GLOBAL, INC.:

          
	 	 	 	 
	

          	 	
            By:

              

          	 	
            

            

          
	
            RAY MARIORENZI

          	 	
            

            

          	
            Bob Finigan, CEO

          	 

     

    

     

      

    7Exhibit 10.1

 

AMENDMENT NO. 3 TO

LOAN AND SECURITY AGREEMENT

 

This AMENDMENT NO. 3
TO LOAN AND SECURITY AGREEMENT AND CONSENT (this “Amendment No. 3”) is entered into as of February
27, 2019, by and among Wireless Telecom Group, Inc., a New Jersey corporation
(“WTG”), BOONTON ELECTRONIC CORPORATION, a New Jersey corporation (“Boonton”),
MICROLAB/FXR LLC, a New Jersey limited liability company (“Microlab” and, together with WTG and Boonton,
collectively, “Borrowers”), and BANK OF AMERICA, N.A. (“Lender”). Capitalized
terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Loan Agreement.

 

RECITALS

 

WHEREAS, Borrowers
and Lender have entered into a Loan and Security Agreement, dated as of February 16, 2017 (as amended, restated, supplemented and
otherwise modified from time to time in accordance with its provisions, the “Loan Agreement”);

 

WHEREAS, Borrowers
have requested that Lender agree, and Lender has agreed, to amend the Loan Agreement on the terms and subject to the conditions
set forth herein; and

 

WHEREAS, pursuant to
Section 12.1.2 of the Loan Agreement, the amendments and consents requested by Borrowers must be contained in a written agreement
signed by Borrowers and Lender;

 

NOW, THEREFORE, in
consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

 

 SECTION 1. CONFIRMATION BY
BORROWERS OF OBLIGATIONS.

 

Borrowers
hereby acknowledge, confirm and agree that, as of February 27, 2019, Borrowers are indebted to Lender for Revolver Loans in the
aggregate outstanding principal amount of $1,857,567.65, the Term Loan in the aggregate outstanding principal amount of $456,000
and Letters of Credit in the aggregate outstanding face amount of $0, together with interest accrued and accruing thereon. The
foregoing amounts do not include other fees, expenses and other amounts that are chargeable or otherwise reimbursable under the
Loan Agreement. Borrowers do not have any rights of offset, defenses, claims or counterclaims with respect to any of the Obligations.

 

 SECTION 2.
ACKNOWLEDGMENTS.

 

2.1             Acknowledgment of Security Interests. Borrowers hereby acknowledge, confirm and agree that Lender,
for the benefit of Secured Parties, has and shall continue to have valid, enforceable and perfected first priority Liens, subject
to Permitted Liens, upon and security interests in the Collateral of Borrowers heretofore granted to Lender, for the benefit of
Secured Parties, pursuant to the Loan Documents or otherwise granted to or held by Lender, for the benefit of Secured Parties,
and upon and in which Lender, for the benefit of Secured Parties, presently has perfected first priority Liens and security interests.

 

2.2             Binding Effect of Documents. Each Borrower hereby acknowledges, confirms and agrees that: (a) each of the Loan Documents
to which it is a party has been duly executed and delivered, and each is in full force and effect as of the date hereof, (b) the
agreements and obligations of each Borrower contained in the Loan Documents and in this Amendment constitute the legal, valid
and binding obligations of each Borrower, enforceable against it in accordance with their respective terms, and each Borrower
has no

    	 

    	

    

valid defense to the enforcement of such
obligations, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the
rights of creditors generally and to the effect of general principles of equity whether applied by a court of law or equity, and
(c) Lender is and shall be entitled to the rights, remedies and benefits provided for in the Loan Documents and applicable law.

 

SECTION 3. AMENDMENTS.
Effective as of the date hereof:

 

3.1             
The definition of “EBITDA” now appearing in Section 1.1
of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

 

“EBITDA:
shall mean for any period with respect to Borrowers and their Domestic Subsidiaries on a consolidated basis, the sum of (without
duplication): (a) net income (or loss) for such period; plus (b) all interest expense for such period; plus (c) all charges against
income for such period for federal, state and local taxes; plus (d) depreciation expenses for such period; plus (e) amortization
expenses for such period; plus (f) non-cash foreign exchange translations; plus (g) subject to clause (k) below, expenses incurred
in connection with Permitted Acquisitions; plus (h) subject to clause (k) below, integration expenses incurred in connection with
Permitted Acquisitions; plus (i) any non-cash adjustments (including non-cash purchase accounting adjustments), in each case as
required or permitted by the application of GAAP (including purchase method of accounting for acquisitions and consolidations,
changes in accounting for the amortization of goodwill and certain other intangibles and write downs of long-lived assets, provided,
that, the foregoing clause (i) shall not apply to the write down or impairment of the value of Inventory or Accounts); plus (j)
non-cash stock compensation expense; plus (k) merger and acquisition costs incurred in connection with Permitted Acquisitions;
provided that the aggregate amount under clauses (g), (h) and (k) of this definition shall not exceed $400,000; plus (l) documented
non-recurring expenses and restructuring costs, provided, that, the aggregate amount under clause (l) hereof shall not exceed $150,000
during the term of this Agreement.”

 

3.2             
The definition of “Revolver Termination Date” now appearing
in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

 

“Revolver
Termination Date: March 31, 2020.”

 

3.3             
Clause (g) of Section 10.2.1 of the Loan Agreement is hereby amended
and restated in its entirety to read as follows:

 

“(g)Indebtedness
of a Borrower that is owed to another Borrower or to Target.”

 

3.4             
Section 10.2.5 of the Loan Agreement is hereby amended by: (i) deleting
the word “and” at the end of clause (e) thereof; (ii) deleting the period at the end of clause (f) thereof and substituting
therefor “; and”; and (iii) inserting at the end of such Section the following new clause (g):

 

“(g)investments
or capital contributions by WTG in or to Target in an aggregate amount not to exceed the aggregate amount of distributions and
dividends made by Target to WTG so long as (i) upon the making of any such distribution or dividend by Target, Lender shall have
established a Reserve in an amount equal to the amount thereof, (ii) at the time of such investment
or capital contribution, no Default or Event of Default exists or is caused thereby, and (iii) the Fixed Charge Coverage Ratio
as of the last day of

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the Fiscal Quarter then most recently ended (as set forth in the Compliance Certificate delivered to Lender
for such Fiscal Quarter) is equal to or greater than 1.25 to 1.0.”

 

3.5             Section 10.2.8 of the Loan Agreement is hereby amended by inserting
at the end of such Section the following new sentence:

 

“Notwithstanding
anything to the contrary contained herein, Borrowers shall be permitted to make payments and prepayments with respect to debt of
a Borrower that is owed to Target so long as (i) upon the incurrence of such debt, Lender shall have established a Reserve in an
amount equal to the original principal amount thereof, (ii) at the time of such payment or prepayment, no Default or Event of Default
exists or is caused thereby, and (iii) the Fixed Charge Coverage Ratio as of the last day of the Fiscal Quarter then most recently
ended (as set forth in the Compliance Certificate delivered to Lender for such Fiscal Quarter) is equal to or greater than 1.25
to 1.0.”

 

SECTION 4. REPRESENTATIONS,
WARRANTIES AND COVENANTS.

 

Each Borrower hereby
represents, warrants and covenants with and to Lender as follows:

 

4.1             
Representations in Loan Documents. Each of the representations
and warranties made by or on behalf of such Borrower to Lender in any of the Loan Documents was true and correct in all material
respects when made (except for those representations and warranties that are already qualified by concepts of materiality or by
express thresholds, which representations and warranties shall be true and correct in all respects) and is true and correct in
all material respects on and as of the date of this Amendment with the same full force and effect as if each of such representations
and warranties had been made by or on behalf of such Borrower on the date hereof and in this Amendment (other than such representations
and warranties that relate solely to a specific prior date). 

 

4.2             
Binding Effect of Documents. This Amendment and the other
Loan Documents have been duly executed and delivered to Lender by such Borrower and are in full force and effect, as modified hereby.

 

4.3             
No Conflict, Etc. The execution, delivery and performance
of this Amendment by such Borrower will not violate or cause a default under any applicable law or material contract of such Borrower
and will not result in, or require, the creation or imposition of any Lien on any of its properties or revenues, other than Permitted
Liens.

 

4.4             
No Default or Event of Default. No Default or Event of Default
exists immediately prior to the execution of this Amendment and no Default or Event of Default will exist immediately after the
execution of this Amendment and the other documents, instruments and agreements executed and delivered in connection herewith.

 

4.5             
Additional Events of Default. Any misrepresentation by such
Borrower, or any failure of such Borrower to comply with the covenants, conditions and agreements contained in any Loan Document,
herein or in any other document, instrument or agreement at any time executed and/or delivered by such Borrower with, to or in
favor of Lender shall, subject to the terms and provisions of the Loan Agreement and the other Loan Documents, constitute an Event
of Default hereunder, under the Loan Agreement and the other Loan Documents.

 

4.6             
 Certificate of Beneficial Ownership.

 

(a)               
As of the Effective Date (as hereinafter defined), the information included in the Beneficial
Ownership Certification is true and correct in all respects. 

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(b)              Promptly following any request therefor, Borrowers shall provide information and documentation
reasonably requested by Lender for purposes of compliance with applicable “know your customer” requirements under the
PATRIOT Act, the Beneficial Ownership Regulation or other applicable anti-money laundering laws.

 

 SECTION 5. CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT.

 

This Amendment shall
become effective upon the date (the “Effective Date”) on which Lender shall have received:

 

(a)               this Amendment, in form and substance satisfactory to Lender in its sole discretion, duly
authorized, executed and delivered by each Borrower and Lender; and

 

(b)              
(i) an amendment fee in the amount of $10,000, which fee shall be earned in full as of the
Effective Date and shall be non-refundable, and (ii) all other fees required to be paid, and all expenses for which invoices have
been presented, in each case in connection with this Amendment (including reasonable fees, disbursements and other charges of counsel
to Lender).

 

SECTION 6. PROVISIONS
OF GENERAL APPLICATION.

 

6.1             
Effect of this Amendment. Except as modified pursuant hereto,
and pursuant to the other documents, instruments and agreements executed and delivered in connection herewith, no other changes
or modifications to the Loan Documents are intended or implied and in all other respects the Loan Documents are hereby specifically
ratified, restated and confirmed by all parties hereto as of the effective date hereof. To the extent of conflict between the terms
of this Amendment and the other Loan Documents, the terms of this Amendment shall control. Any Loan Document amended hereby shall
be read and construed with this Amendment as one agreement.

 

6.2             
Costs and Expenses. Borrowers absolutely and unconditionally
agree to pay to Lender, on demand by Lender at any time and as often as the occasion therefor may require, whether or not all or
any of the transactions contemplated by this Amendment are consummated: all reasonable fees and disbursements of any counsel to
Lender in connection with the preparation, negotiation, execution, or delivery of this Amendment and any agreements delivered in
connection with the transactions contemplated hereby and all reasonable out-of-pocket expenses which shall at any time be incurred
or sustained by Lender or its directors, officers, employees or agents as a consequence of or in any way in connection with the
preparation, negotiation, execution, or delivery of this Amendment and any agreements prepared, negotiated, executed or delivered
in connection with the transactions contemplated hereby.

 

6.3             
No Third Party Beneficiaries. The terms and provisions of
this Amendment shall be for the benefit of the parties hereto and their respective successors and assigns; no other person, firm,
entity or corporation shall have any right, benefit or interest under this Amendment.

 

6.4             
Further Assurances. The parties hereto shall execute and
deliver such additional documents and take such additional action as may be reasonably necessary or desirable to effectuate the
provisions and purposes of this Amendment.

 

6.5              Binding Effect. This Amendment shall be binding upon and
inure to the benefit of each of the parties hereto and their respective successors and assigns.

 

6.6             
Merger. This Amendment sets forth the entire agreement and
understanding of the parties with respect to the matters set forth herein. This Amendment cannot be changed, modified, amended
or terminated except in a writing executed by the party to be charged.

    	4

    	

    

6.7             
Survival of Representations and Warranties. All representations
and warranties made in this Amendment or any other document furnished in connection with this Amendment shall survive the execution
and delivery of this Amendment and the other documents, and no investigation by Lender or any closing shall affect the representations
and warranties or the right of Lender to rely upon them.

 

6.8             
Severability. Any provision of this Amendment held by a
court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment.

 

6.9             
Reviewed by Attorneys. Each Borrower represents and warrants
to Lender that it (a) understands fully the terms of this Amendment and the consequences of the execution and delivery of this
Amendment, (b) has been afforded an opportunity to have this Amendment reviewed by, and to discuss this Amendment and each document
executed in connection herewith with, such attorneys and other persons as such Borrower may wish, and (c) has entered into this
Amendment and executed and delivered all documents in connection herewith of its own free will and accord and without threat, duress
or other coercion of any kind by any Person. The parties hereto acknowledge and agree that neither this Amendment nor the other
documents executed pursuant hereto shall be construed more favorably in favor of one than the other based upon which party drafted
the same, it being acknowledged that all parties hereto contributed substantially to the negotiation and preparation of this Amendment
and the other documents executed pursuant hereto or in connection herewith.

 

6.10         
Governing Law; Consent to Jurisdiction and Venue. 

 

(a)               
THIS AMENDMENT, UNLESS OTHERWISE SPECIFIED, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF
NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS).

 

(b)              
EACH BORROWER HEREBY CONSENTS TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT
SITTING IN OR WITH JURISDICTION OVER THE STATE OF NEW YORK, IN ANY PROCEEDING OR DISPUTE RELATING IN ANY WAY HERETO, AND AGREES
THAT ANY SUCH PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH BORROWER IRREVOCABLY WAIVES ALL CLAIMS, OBJECTIONS
AND DEFENSES THAT IT MAY HAVE REGARDING SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM.
EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 12.3.1 OF THE LOAN AGREEMENT.
Nothing herein shall limit the right of Lender to bring proceedings against any Obligor in any other court, nor limit the right
of any party to serve process in any other manner permitted by Applicable Law. Nothing in this Amendment shall be deemed to preclude
enforcement by Lender of any judgment or order obtained in any forum or jurisdiction.

 

6.11         
Waivers. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
EACH BORROWER WAIVES (A) THE RIGHT TO TRIAL BY JURY (WHICH LENDER HEREBY ALSO WAIVES)
IN ANY PROCEEDING OR DISPUTE OF ANY KIND RELATING IN ANY WAY HERETO; (B) PRESENTMENT, DEMAND, PROTEST, NOTICE OF PRESENTMENT, DEFAULT,
NON-PAYMENT, MATURITY, RELEASE, COMPROMISE, SETTLEMENT, EXTENSION OR RENEWAL OF ANY COMMERCIAL PAPER, ACCOUNTS, DOCUMENTS, INSTRUMENTS,
CHATTEL PAPER AND GUARANTIES AT ANY TIME HELD BY LENDER ON WHICH A BORROWER MAY IN ANY WAY

    	5

    	

    

 BE LIABLE, AND HEREBY RATIFIES ANYTHING
LENDER MAY DO IN THIS REGARD; (C) NOTICE PRIOR TO TAKING POSSESSION OR CONTROL OF ANY COLLATERAL; (D) ANY BOND OR SECURITY THAT
MIGHT BE REQUIRED BY A COURT PRIOR TO ALLOWING LENDER TO EXERCISE ANY RIGHTS OR REMEDIES; (E) THE BENEFIT OF ALL VALUATION, APPRAISEMENT
AND EXEMPTION LAWS; (F) ANY CLAIM AGAINST LENDER, ON ANY THEORY OF LIABILITY, FOR SPECIAL, INDIRECT, CONSEQUENTIAL, EXEMPLARY OR
PUNITIVE DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL DAMAGES) IN ANY WAY RELATING TO ANY ENFORCEMENT ACTION, OBLIGATIONS, LOAN DOCUMENTS
OR TRANSACTIONS RELATING THERETO; AND (G) NOTICE OF ACCEPTANCE HEREOF. Each Borrower acknowledges that the foregoing waivers are
a material inducement to Lender entering into this Amendment and that Lender are relying upon the foregoing in their dealings with
Borrowers. Each Borrower has reviewed the foregoing waivers with its legal counsel and knowingly and voluntarily has waived its
jury trial and other rights following consultation with legal counsel. In the event of litigation, this Amendment may be filed
as a written consent to a trial by the court.

 

6.12         
Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall constitute but one and the same agreement. In making proof of this Amendment, it shall not be
necessary to produce or account for more than one counterpart hereof signed by each of the parties hereto. Delivery of an executed
counterpart of this Amendment electronically or by facsimile shall be effective as delivery of an original executed counterpart
of this Amendment.

 

[Signature page follows]

    	6

    	

    

IN WITNESS WHEREOF,
the parties hereto have duly executed this Amendment as of the date first written above.

 

	 	WIRELESS TELECOM GROUP, INC.	 
	 	 	 	 
	 	By:	/s/ Michael Kandell	 
	 	Name: Michael Kandell	 
	 	Title: Chief Financial Officer	 
	 	 	 	 
	 	BOONTON ELECTRONIC CORPORATION 
	 	 	 	 
	 	By:	/s/ Michael Kandell	 
	 	Name: Michael Kandell	 
	 	Title: Chief Financial Officer	 
	 	 	 	 
	 	MICROLAB/FXR LLC	 
	 	 	 	 
	 	By:	/s/ Michael Kandell	 
	 	Name: Michael Kandell	 
	 	Title: Chief Financial Officer	 
	 	 	 	 
	 	BANK OF AMERICA, N.A.	 
	 	 	 	 
	 	By:	/s/ Galina Evelson	 
	 	Name: Galina Evelson	 
	 	Title: Vice President

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