Document:

EX-10.2

 Exhibit 10.2 

INDEMNIFICATION AGREEMENT 

THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into as of
            , by and among NOVATEL WIRELESS, INC., a Delaware corporation (the “Company”) and
             (the “Indemnitee”). 
 RECITALS

 WHEREAS, the Company values Indemnitee’s service to the Company as a [director and/or executive officer] and desires that
Indemnitee continue to serve the Company in such capacity; 
 WHEREAS, Indemnitee does not regard the protection available under the
organizational documents of the Company and any insurance policies maintained by the Company as adequate in the present circumstances, and Indemnitee may not be willing to continue to serve in his capacity as a director of the Company without the
additional protections set forth in this Agreement; 
 WHEREAS, the Board of Directors of the Company (the
“Board”) has determined that, on the basis of the foregoing, it is reasonable, prudent and necessary for the Company to obligate itself contractually to indemnify, and to advance expenses on behalf of, Indemnitee to the
fullest extent permitted by applicable law and further as set forth herein so that Indemnitee will serve or continue to serve the Company free from undue concern that he will not be so indemnified; and 

WHEREAS, this Agreement (i) supersedes any prior indemnification agreement by and between the Company and the Indemnitee (other
than any rights to indemnification contained in the Company’s Certificate of Incorporation or its Bylaws) and (ii) is a supplement to and is in furtherance of any indemnification rights contained in the Company’s Certificate of
Incorporation or in its Bylaws (and any resolutions adopted pursuant thereto), and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; 

NOW, THEREFORE, in consideration of the mutual promises and agreements herein contained, and intending to be legally bound, the parties
hereto agree as follows: 
 AGREEMENT 

1. INDEMNIFICATION OF INDEMNITEE. The Company hereby agrees to hold harmless and indemnify Indemnitee to
the fullest extent permitted by applicable law, as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality thereof, the Company further agrees that: 

(a) Indemnitee shall be entitled to the rights of indemnification provided in this Section l(a) if, by reason of his
Corporate Status (as defined in Section 13(a)), the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (as defined in Section 13(f)) other than a Proceeding by or in the right of the
Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified against all Expenses (as defined in Section 13(d)), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him,
or on his behalf, in connection with such Proceeding or any claim, issue or matter therein, if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and
with respect to any criminal Proceeding, had no reasonable cause to believe the Indemnitee’s conduct was unlawful. 
 (b)
Indemnitee shall be entitled to the rights of indemnification provided in this Section 1(b) if, by reason of his Corporate Status, the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought by
or in the right of the Company. Pursuant to this Section 1(b), Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee, 

 
or on the Indemnitee’s behalf, in connection with such Proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company; provided, however, that if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been
adjudged to be liable to the Company unless and to the extent that a court of competent jurisdiction shall determine that such indemnification may be made. 

(c) Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a party
to and is successful, on the merits or otherwise, in any Proceeding, he shall be indemnified to the maximum extent permitted by law, as such may be amended from time to time, against all Expenses actually and reasonably incurred by him or on his
behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section 1(c) and without limitation, the termination of
any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

2. ADDITIONAL INDEMNITY. In addition to, and without regard to any limitations on, the indemnification
provided for in Section 1 of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by
him or on his behalf if, by reason of his Corporate Status, he is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of the Company), including, without limitation, all liability
arising out of the negligence or active or passive wrongdoing of Indemnitee. The only limitation that shall exist upon the Company’s obligations pursuant to this Agreement shall be that the Company shall not be obligated to make any payment to
Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 6 and 7 hereof) to be unlawful. 

3. CONTRIBUTION. 
 (a)
Whether or not the indemnification provided in Sections 1 and 2 hereof is available, in respect of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company shall
pay, in the first instance, the entire amount of any judgment or settlement of such Proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of contribution it may have against
Indemnitee. The Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all
claims asserted against Indemnitee. 
 (b) Without diminishing or impairing the obligations of the Company set forth in
Section 3(a), if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such
Proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company
and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which
such Proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all
officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and 

 
Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which the Law
may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and
Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and
the degree to which their conduct is active or passive. 
 (c) The Company hereby agrees to fully indemnify and hold Indemnitee
harmless from any claims of contribution which may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee. 

(d) To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for
Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect: (i) the relative
benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee
in connection with such event(s) and/or transaction(s). 
 4. INDEMNIFICATION FOR EXPENSES OF
A WITNESS. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness, or is made (or asked) to respond to discovery requests, in any
Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 

5. ADVANCEMENT OF EXPENSES. Notwithstanding any other provision of this Agreement, the Company shall
advance all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate Status within fourteen (14) days after the receipt by the Company of a statement or statements from
Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be
preceded or accompanied by a written undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings
to repay pursuant to this Section 5 shall be unsecured and interest free. 
 6. PROCEDURES AND
PRESUMPTIONS FOR DETERMINING ENTITLEMENT TO INDEMNIFICATION. It is the intent of this Agreement to secure for Indemnitee rights of indemnification that are
as favorable as may be permitted under applicable law. Accordingly, the parties agree that the following procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this
Agreement: 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including
therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall,
promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. Notwithstanding the foregoing, any failure of Indemnitee to provide such a request to the Company, or to provide
such a request in a timely fashion, shall not relieve the Company of any liability that it may have to Indemnitee unless, and to the extent that, such failure actually and materially prejudices the interests of the Company. 

 (b) Upon written request by Indemnitee for indemnification pursuant to the first sentence
of Section 6(a) hereof, a determination with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following four methods, which shall be at the election of the Board: (i) by a majority
vote of the Disinterested Directors (as defined in Section 13(b)), even though less than a quorum; (ii) by a committee of those Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less
than a quorum; (iii) if there are no Disinterested Directors or if the Disinterested Directors so direct, by independent legal counsel in a written opinion to the Board, a copy of which shall be delivered to the Indemnitee, or (iv) if so
directed by the Board, by the stockholders of the Company. 
 (c) If the determination of entitlement to indemnification is to be made
by Independent Counsel pursuant to Section 6(b) hereof, the Independent Counsel shall be selected as provided in this Section 6(c). The Independent Counsel shall be selected by the Board. Indemnitee may, within 10 days after
such written notice of selection shall have been given, deliver to the Company a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet
the requirements of “Independent Counsel” as defined in Section 13(e) of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person
so selected shall act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such
objection is without merit. If, within 20 days after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected and not objected to, either the
Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Indemnitee to the Company’s selection of Independent Counsel and/or for the appointment as Independent
Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under
Section 6(b) hereof. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 6(b) hereof, and the Company shall
pay all reasonable fees and expenses incident to the procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed. 

(d) In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. Neither the
failure of the Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee
has met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or
create a presumption that Indemnitee has not met the applicable standard of conduct. 
 (e) Indemnitee shall be deemed to have acted
in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise (as defined in Section 13(c)), including financial statements, or on information supplied to Indemnitee by the officers of the
Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert
selected with reasonable care by the Enterprise. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to 

 
Indemnitee for purposes of determining the right to indemnification under this Agreement. Whether or not the foregoing provisions of this Section 6(e) are satisfied, it shall in any
event be presumed that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof
and the burden of persuasion by clear and convincing evidence. 
 (f) If the person, persons or entity empowered or selected under
this Section 6 to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite determination of
entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification absent: (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make
Indemnitee’s statement not materially misleading, in connection with the request for indemnification; or (ii) a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be
extended for a reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making such determination with respect to entitlement to indemnification in good faith requires such additional time to obtain or
evaluate documentation and/or information relating thereto; and provided, further, that the foregoing provisions of this Section 6(f) shall not apply if the determination of entitlement to indemnification is to be made by
the stockholders pursuant to Section 6(b) of this Agreement and if (A) within fifteen (15) days after receipt by the Company of the request for such determination, the Board or the Disinterested Directors, if appropriate,
resolve to submit such determination to the stockholders for their consideration at an annual meeting thereof to be held within seventy-five (75) days after such receipt and such determination is made thereat or (B) a special meeting of
stockholders is called within fifteen (15) days after such receipt for the purpose of making such determination, such meeting is held for such purpose within sixty (60) days after having been so called and such determination is made
thereat. 
 (g) Indemnitee shall cooperate with the person, persons or entity making such determination with respect to
Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is
reasonably available to Indemnitee and reasonably necessary to such determination. Any Independent Counsel, member of the Board or stockholder of the Company shall act reasonably and in good faith in making a determination regarding the
Indemnitee’s entitlement to indemnification under this Agreement. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination
shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

(h) The Company acknowledges that a settlement or other disposition short of final judgment may be successful if it permits a party to
avoid expense, delay, distraction, disruption and uncertainty. In the event that any Proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of
such Proceeding with or without payment of money or other consideration provided that such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld, delayed or conditioned) it shall be presumed that
Indemnitee has been successful on the merits or otherwise in such Proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 

(i) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a
plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith
and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 

 7. REMEDIES OF INDEMNITEE. 

(a) In the event that: (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not
entitled to indemnification under this Agreement; (ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement; (iii) no determination of entitlement to indemnification is made pursuant to
Section 6(b) of this Agreement within ninety (90) days after receipt by the Company of the request for indemnification; (iv) payment of indemnification is not made pursuant to this Agreement within ten (10) days after
receipt by the Company of a written request therefor; or (v) payment of indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to
have been made pursuant to Section 6 of this Agreement, Indemnitee shall be entitled to an adjudication in any court of competent jurisdiction of Indemnitee’s entitlement to such indemnification. Indemnitee shall commence such
proceeding seeking an adjudication within one hundred eighty (180) days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 7(a). The Company shall not oppose
Indemnitee’s right to seek any such adjudication. 
 (b) In the event that a determination shall have been made pursuant to
Section 6(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial on the merits, and
Indemnitee shall not be prejudiced by reason of the adverse determination under Section 6(b). 
 (c) If a determination
shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 7,
absent: (i) a misstatement by Indemnitee of a material fact or an omission of a material fact necessary to make Indemnitee’s misstatement not materially misleading in connection with the application for indemnification; or (ii) a
prohibition of such indemnification under applicable law. 
 (d) In the event that Indemnitee, pursuant to this Section 7,
seeks a judicial adjudication of his rights under, or to recover damages for breach of, this Agreement, or to recover under any directors’ and officers’ liability insurance policies maintained by the Company, the Company shall pay on his
behalf, in advance, any and all expenses (of the types described in the definition of “Expenses” in Section 13(d) of this Agreement) actually and reasonably incurred by him in such judicial adjudication, regardless of whether
Indemnitee ultimately is determined to be entitled to such indemnification, advancement of expenses or insurance recovery. 
 (e) The
Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 7 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court
that the Company is bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written
request therefor) advance, to the extent not prohibited by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under this
Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance
recovery, as the case may be. 

 (f) Notwithstanding anything in this Agreement to the contrary, no determination as to
entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding. 
 8.
NON-EXCLUSIVITY, SURVIVAL OF RIGHTS, ETC. 

(a) The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee
may at any time be entitled under applicable law, the organizational documents of the Company, any other agreement with the Company, a vote of the Company’s stockholders, a resolution of the Board or otherwise. No amendment, alteration or
repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or
repeal. To the extent that a change in any applicable law, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Company’s organizational documents and this Agreement, it is the
intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and
remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent
the concurrent assertion or employment of any other right or remedy. 
 (b) To the extent that the Company maintains an insurance
policy or policies providing liability insurance for directors, officers, employees, or agents or fiduciaries of the Company or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to
the maximum extent of the coverage available for any director, officer, employee, agent or fiduciary under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has directors’
and officers’ liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take
all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. 

9. EXCEPTION TO RIGHT OF INDEMNIFICATION. Notwithstanding any provision in
this Agreement, the Company shall not be obligated under this Agreement to provide any indemnification in connection with any claim made against Indemnitee: (i) for which payment has actually been made to or on behalf of Indemnitee under any
insurance policy or other indemnity provision, except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; (ii) for an accounting of profits made from the purchase and sale (or sale and
purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law; or (iii) in connection with any
Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (A) the
Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (B) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; it being
understood that a counterclaim or cross-complaint by Indemnitee shall not be deemed the initiation of a Proceeding by Indemnitee. 
 10.
DURATION OF AGREEMENT. All agreements and obligations of the Company contained herein shall continue until the date that is six (6) years after the date upon which Indemnitee’s Corporate
Status terminates, or longer should any applicable statute of limitation be tolled, and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding (or any proceeding commenced under Section 7 hereof) by reason of
his Corporate Status, whether or not he is acting or serving in any such capacity at 

 
the time any liability or expense is incurred for which indemnification can be provided under this Agreement. This Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), assigns, spouses, heirs,
executors and personal and legal representatives. 
 11. SECURITY. To the extent requested by Indemnitee and approved by the Board,
the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to
Indemnitee, may not be revoked or released without the prior written consent of the Indemnitee. 
 12. ENFORCEMENT. The Company
expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in order to induce Indemnitee to serve as an officer or director of the Company, and the Company acknowledges that Indemnitee is
relying upon this Agreement in serving as an officer or director of the Company. 
  

	13.	DEFINITIONS. For purposes of this Agreement: 

 (a)
“Corporate Status” describes the status of a person who is or was at any time (including, without limitation, any time prior to the date of this Agreement) a director, officer, employee, agent or fiduciary of the Company
or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving at the express written request of the Company. 

(b) “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee. 
 (c) “Enterprise” shall mean the Company and any
other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was serving at the express written request of the Company as a director, officer, employee, agent or fiduciary. 

(d) “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees
of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in connection with prosecuting,
defending, preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness in a Proceeding, or responding to, or objecting to, a request to provide discovery in any Proceeding. Expenses also shall include
Expenses incurred in connection with any appeal resulting from any Proceeding and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, including
without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of
judgments or fines against Indemnitee. 
 (e) “Independent Counsel” means a law firm, or a member of a law
firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to
matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and
damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

 (f) “Proceeding” includes any threatened, pending or completed
action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding (including one pending on or before the date of this Agreement but excluding
one initiated by an Indemnitee pursuant to Section 7 of this Agreement to enforce his rights under this Agreement), whether brought by or in the right of the Company or otherwise and whether civil, criminal, administrative or
investigative, in which Indemnitee was, is or will be involved as a party or otherwise, by reason of the fact that Indemnitee is or was an officer or director of the Company, by reason of any action taken by him or of any inaction on his part while
acting as an officer or director of the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other
Enterprise, in each case whether or not he is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement. 

14. SEVERABILITY. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of
any other provision. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the fullest extent permitted by applicable laws. In the event any provision hereof conflicts with
any applicable law, such provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict. 

15. MODIFICATION AND WAIVER. No supplement, modification, termination or amendment of this Agreement shall
be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver. 
 16. NOTICE BY INDEMNITEE. Indemnitee agrees to promptly notify the
Company in writing upon being served with or otherwise receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder.
The failure to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Company. 

17. NOTICES. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed
effectively given: (i) upon personal delivery to the party to be notified; (ii) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business
day; (iii) five (5) business days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one business (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All notices and other communications shall be sent: 
 (a) To
Indemnitee at the address set forth below Indemnitee’s signature hereto; 
 (b) To the Company at: 

Novatel Wireless, Inc. 
 9645
Scranton Road 
 Suite #205 

San Diego, CA 92121 
 Attention:
Board of Directors 

 or to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee,
as the case may be. 
 18. HEADINGS. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not
be deemed to constitute part of this Agreement or to affect the construction thereof. 
 19. GOVERNING LAW. This
Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. 

20. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof, and is in furtherance of and is a supplement to any indemnification rights
contained in the Company’s Certificate of Incorporation or its Bylaws. 
 21. COUNTERPARTS. This Agreement may be executed in two
(2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature (or other similar electronic
means) and in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

[Signatures Appear On Following Page] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day
and year first written above. 
  

			
		 	 COMPANY:
  

NOVATEL WIRELESS, INC.

		 	
		 	  
 Name:

		 	Title:
		 	
		 	INDEMNITEE:
		 	
		 	  
 Name:

		 	Address:EX-10.3

 Exhibit 10.3 
  

 
 November 2, 2014 
 Dear
Alex, 
 Novatel Wireless, Inc. (the “Company”) is pleased to extend the offer of continued employment set forth in this letter
(this “Offer Letter”). Your employment under this Offer Letter, if you accept our offer, would commence effective November 2, 2014 (the “Effective Date”), according to the terms outlined below.
Capitalized terms not defined in the Offer Letter have the meanings ascribed to them on Appendix A. 
  

			
	POSITION:	  	You will continue to be our Chief Executive Officer, an exempt position which you accepted pursuant to the employment agreement between you and the Company dated August 4, 2014 (the “Employment
Agreement”). You will report to our Board of Directors. This is a full-time position. The Company recognizes that you also perform services related to MSG Telco Company, AM Ventures Holdings, Inc., QWireless, Inc., Governing Dynamics
Investment, LLC and Paradigm Shifting Solutions, LLC (the “Entities”). During the Employment Period, except for services related to the Entities (and then, only to the extent such services do not materially interfere with the
performance of your duties to the Company), you shall not (i) become employed by, engaged in or render business services for any Person other than the Company and its Subsidiaries or (ii) be a member of the board of directors of any Person
(other than MSG Telco Company and charitable or nonprofit organizations), in any case without the consent of the Company; provided that nothing herein shall preclude you from engaging in charitable or community affairs and managing your personal
investments, including Governing Dynamics Investment, LLC, Paradigm Shifting Solutions, LLC and AM Ventures Holdings, Inc., to the extent that such other activities do not violate the Confidentiality Agreement, as defined below. Notwithstanding
anything to the contrary in this Offer Letter or the Confidentiality Agreement, it shall not be a breach of this Offer Letter or the Confidentiality Agreement for you to hold not more than two percent (2%) of the outstanding securities of any
class of any publicly-traded securities of any Person.

			
		
		  	During the Employment Period, you agree to use your reasonable best efforts to ensure that the business and activities of the Company and its Subsidiaries are conducted in compliance with all applicable laws, rules, and regulations
in all material respects. By signing this Offer Letter, you confirm that you are under no contractual or other legal obligations that would limit or prohibit you from performing your duties with the Company.
		
	TERM:	  	Subject to the terms and conditions of this Offer Letter, the Company agrees to employ you and you agree to be employed by the Company for a period of three (3) years (the “Term”), beginning on the
Effective Date. This Offer Letter shall automatically renew for one year periods, unless terminated by either party by written notice of termination given to the other party at least 90 days in advance of the then-applicable termination date or
unless otherwise terminated hereunder.
		
	BASE COMPENSATION:	  	Your annual base salary will be $530,000 (“Base Salary”), of which $371,000 shall be payable in cash on the same schedule as other senior executives. Subject to the terms of this offer, $159,000 of your Base
Salary will be paid through the issuance of restricted stock units (“RSUs”) on the first trading day of each calendar year during your employment, commencing with calendar year 2015 (each, first trading day is an
“RSU Grant Date”). On each RSU Grant Date you will be granted RSUs the number of which will be determined by dividing $159,000 by the closing price of one share of Company Common Stock on the RSU Grant Date. Such RSUs shall
vest in 12 equal monthly installments from the RSU Grant Date. With respect to calendar year 2014, within 30 days of the Effective Date, you will be granted RSUs, the number of which will be determined by dividing $26,500 by the closing price of one
share of Company Common Stock on the date of grant. Those RSUs shall vest in two equal installments on the last trading day of November and December, 2014. All vesting described in this Base Compensation Section is subject to your remaining
continuously employed with the Company though each such grant and vesting date. The Company, at any time, may elect to convert all or a portion of future RSU grants for time periods after December 31, 2016 into cash payments with written notice to
you prior to the start of the applicable calendar year. You shall have the right, commencing with the calendar year 2017, to receive your full Base Salary without any RSUs, so long as you
provide

  
 -2- 

			
		  	written notice to the Company at least 15 business days prior to the start of the applicable calendar year that you elect to receive your full Base Salary. For the sake of clarity, your Base Salary shall be prorated for partial
calendar years. Your Base Salary will be reviewed annually in accordance with standard practice of the Company for its Named Executive Officers (within the meaning of Regulation S-K promulgated by the Securities and Exchange Commission),
(“Named Executive Officers”). The RSUs described in this Base Compensation Section are referred to as the “Compensatory RSUs.”
		
	BONUS:	  	Commencing with calendar year 2015, you will be eligible to receive an annual bonus with a target bonus opportunity of 60% of your Base Salary attributable to such bonus period, based on performance criteria established by the
Compensation Committee of the Company’s Board of Directors (“Compensation Committee”) in its sole discretion. Those annual bonuses shall be payable in the calendar year following the calendar year in which the
performance objectives for such bonus are measured and you will not be entitled to any such annual bonus or earn it unless you are employed by the Company at the earlier of (i) the time the bonus is paid or (ii) March 15 of the year
following the calendar year to which the bonus is attributable. Notwithstanding the foregoing, if you receive an Incentive Award pursuant to subsection (ii) of the following paragraph, your calendar year 2015 bonus period will be April 1, 2015
through December 31, 2015, and your target bonus opportunity attributable to calendar year 2015 will be calculated based on your Base Salary attributable to such period.
		
		  	In addition, so long as you have not been terminated for Cause and have not resigned other than for Good Reason before the end of 2015, you will be eligible to receive an incentive award equal to $282,000 (the “Incentive
Award”) to the extent that the Board determines that the Company has achieved the criteria set forth in the Company’s 2014 Incentive and Retention Bonus Plan or such bonus is paid to other senior executives of the Company, with
respect to either (i) the third and fourth quarter of 2014 or (ii) the fourth quarter of 2014 and the first quarter of 2015. Any such Incentive Award will be paid during calendar year 2015.
		
	EQUITY AWARD:	  	The 72,308 restricted stock units (RSUs) that you were granted pursuant to the Employment Agreement shall continue to vest through December 2014 subject to your continued employment through each such vesting date and shall remain
subject to the

  
 -3- 

			
		  	applicable award agreement and the Novatel Wireless, Inc. 2009 Omnibus Incentive Compensation Plan. In addition, if you decide to sign this Offer Letter, the Company will grant you RSUs and non-qualified options to purchase shares
of the Company’s Common Stock. Within 30 days of the Effective Date, the Company will grant you an additional 330,965 RSUs which shall vest in three equal annual installments, commencing with the first anniversary of the Effective Date. In
addition, within 30 days of the Effective Date, the Company will grant you options to purchase (i) 700,000 shares of the Company’s Common Stock with a per share exercise price equal to the higher of (a) the closing price of the
Company’s Common Stock on the grant date or (b) $2.75 (the “$2.75 Options”) and (ii) 300,000 shares of the Company’s Common Stock with a per share exercise price equal to $5.00 (the “Second
Options”). In addition, in January 2015, the Company will grant you options to purchase (i) 200,000 shares of the Company’s Common Stock with a per share exercise price equal to the higher of (a) the closing price of the Company’s
Common stock on the grant date or (b) $5.00 (together with the Second Options, the “$5.00 Options”) and (ii) 500,000 shares of the Company’s Common Stock with a per share exercise price equal to the higher of (a) the closing
price of the Company’s Common stock on the grant date or (b) $7.50 (the “7.50 Options”). One-third (1/3) of the option shares under each of these four grants will vest on the first anniversary of the Effective Date with the
remaining two-thirds (2/3) of the option shares under each of these four grants vesting 1/24th on each of the 24 monthly anniversaries of the first anniversary of the Effective Date. The vesting of both RSUs and your options to purchase shares of
the Company’s Common Stock shall be subject in each case to your continued employment with the Company through each such vesting date. The $2.75 Options will have a maximum term of three years and one month from the Effective Date, the $5.00
Options will have a maximum term of five years from the Effective Date, and the $7.50 Options will have a maximum term of ten years from the Effective Date; provided that you remain continuously employed with the Company through each such date;
otherwise, those options will expire as provided in the 2009 Omnibus Incentive Compensation Plan (or a successor plan) and associated grant documents. If the Company grants annual refreshes of RSUs and/or options to purchase shares of the
Company’s Common Stock to other Named Executive Officers then you will participate in that refresh, subject to possible pro-ration for time employed during the year prior to any such refresh date and the Compensation Committee’s approval.
All equity awards described in this Offer Letter will be subject to the terms

  
 -4- 

			
		  	and conditions of the Novatel Wireless, Inc. 2009 Omnibus Incentive Compensation Plan (or a successor plan) and associated grant documents. Notwithstanding anything to the contrary contained in this Offer Letter, the vesting of each
equity award described in this Offer Letter is expressly contingent on the Company having sufficient Common Stock authorized for issuance and reserved under its equity plans.
		
	BENEFITS:	  	You will be eligible to participate in the Company’s employee benefits programs, including any health, disability, and/or life insurance, to the same extent as, and subject to the same terms, conditions, and limitations
applicable to, other employees of the Company of similar rank and tenure, if and when such benefit programs are made available by the Company, and in accordance with the terms of such plans. You also will receive 30 days of paid vacation time
per year in accordance with and subject to Company policies. You acknowledge that the Company may change (including cancel) its benefit programs, including any or all of its paid time off policies from time to time, in its discretion and in
accordance with applicable law, except that no such action shall adversely affect any of your previously vested rights under such plans.
		
	EXPENSES:	  	The Company shall reimburse you for reasonable and properly documented business expenses incurred during the Employment Period in accordance with the Company’s then-prevailing policies and procedures for expense reimbursement.
Until the earlier of December 31, 2015 or the date you relocate your primary residence to Southern California, the Company will continue to reimburse your travel expenses in accordance with its current practice. If you relocate your primary
residence to San Diego County, the Company will reimburse or pay for a portion of your relocation expenses in accordance with its relocation policy. To the extent that any reimbursements pursuant to this Offer Letter are taxable to you, any such
reimbursement payment due to you shall be paid to you as promptly as practicable, and in all events on or before the last day of the calendar year following the calendar year in which the related expense was incurred. The reimbursements pursuant to
this Offer Letter are not subject to liquidation or exchange for another benefit and the amount of such benefits and reimbursements that you receive in one taxable year shall not affect the amount of such benefits or reimbursements that you receive
in any other taxable year. The Company will reimburse you for up to $7,500 in legal fees incurred in connection with the negotiation of this Offer Letter and its Appendices upon presentation of an invoice for such services in accordance with the
Company’s expense reimbursement policies.

  
 -5- 

			
		
	AT-WILL EMPLOYEE:	  	If you accept this offer, your employment will be “at will,” meaning that either you or the Company will be entitled to terminate your employment at any time, with or without Cause or Good Reason or prior notice. Please
note that, although your job duties, title, compensation, and benefits, as well as our personnel policies and procedures, may change from time to time, your at-will status only may be changed by a written agreement signed by the Chairman of the
Company’s Board of Directors. On termination of your employment for any reason, you agree to resign, as of the date of such termination of employment or such other date requested, from the Board and any committees thereof (and, if applicable,
from the board of directors (and any committees thereof) of any Subsidiary of the Company) and, at the Company’s request, you will execute such documents as are necessary or desirable to effectuate such resignations.
		
	SEVERANCE:	  	If you experience a termination of employment other than a Covered Termination, you will receive the Accrued Amounts. If you experience a Covered Termination other than during a Change in Control Period, and if you deliver to the
Company a general release of all claims against the Company and its affiliates, in the form provided by the Company, which shall be substantially in the form attached as Appendix B (which form may be modified by the Company to comply with the
facts and applicable law) (a “Release of Claims”), that becomes effective within 55 days following the Covered Termination and irrevocable within 65 days following the Covered Termination (the “Release
Requirements”), then in addition to any Accrued Amounts, the Company shall provide you with the following: (i) a payment equal to the greater of (a) the Base Salary you would have earned had your employment continued through the
end of the Term or (b) twelve months of Base Salary (in each case, assuming the Base Salary were paid entirely in cash), payable in cash in the form of salary continuation, commencing on the first normally-scheduled Company payroll date that is
at least 75 days following the Termination Date (with any such amounts that normally would have been payable during the period between the Termination Date and such first payment being included in such first payment); (ii) (a) each
outstanding and unvested stock option and restricted stock unit award (other than the Compensatory RSUs), held by you that vests solely based upon your continued employment shall automatically become vested and, if applicable, exercisable and any
forfeiture restrictions or

  
 -6- 

			
		  	rights of repurchase thereon shall immediately lapse, as of immediately prior to the Termination Date with respect to that number of shares of Company Common Stock that would have vested had you continued employment with the Company
through December 31 of the year following the calendar year in which your termination of employment occurs (all such equity awards or the proceeds therefrom shall be held by the Company until such time as you timely satisfy the Release
Requirements) and (b) each outstanding and unvested Compensatory RSU held by you shall automatically become vested as of immediately prior to the Termination Date with respect to that number of shares of Company Common Stock that would have vested
had you continued employment with the Company through the next monthly vesting date; (iii) if you elect to receive continued healthcare coverage pursuant to COBRA, the Company shall directly pay the premium for you and your covered dependents,
if any, through the earliest of (x) the 12-month anniversary of the Termination Date, (y) the date you and your covered dependents, if any, become eligible for healthcare coverage under another group health plan and (z) the date that
you and or your covered dependents, if any, become no longer eligible for COBRA, and (iv) payment of (a) a pro rata bonus for the calendar year in which your Termination Date occurs based on achievement of the applicable performance goals
for the fiscal year of termination based on the number of days in the calendar year during which you were employed by the Company as compared to 365 (based on assumed full achievement of any individual performance goal and criteria and paid to you
at the time such bonuses normally are paid, but not later than March 15 of the calendar year following the Covered Termination) and (b) any unpaid annual bonus for the calendar year preceding your Termination Date paid to you at the time
such annual bonus normally would have been paid had your employment not terminated, in each such case based on actual achievement of corporate performance goals and criteria as determined by the Compensation Committee, paid to you at the time such
bonuses normally are paid, but not later than March 15 of the calendar year following the Covered Termination. The Company shall have no obligation to make any payment under subsection (iii), above, if it reasonably determines that doing
so would cause adverse consequences under Section 105(h) of the Code or the Patient Protection and Affordable Care Act or other similar law.

  
 -7- 

			
		
	CHANGE IN CONTROL SEVERANCE:	  	If you experience a Covered Termination during the Change in Control Period, and timely satisfy the Release Requirements, the reference to “12 months of Base Salary” in clause (i)(b), of the Severance provision above,
shall instead be “24 months of Base Salary,” the limitations on equity vesting in clause (ii), of the Severance provision above, shall not apply, such that you shall vest in each outstanding and unvested stock option and restricted stock
unit award held by you, and the reference to “12-month anniversary of the Termination Date” in clause (iii), of the Severance provision above, shall instead be “18-month anniversary of the Termination Date.” If you are terminated
in Contemplation of a Change in Control, you will be eligible to receive the non-Change in Control severance described in the Severance provision; provided, however, that if the Change in Control actually occurs and that Change in Control satisfies
the requirements of Treasury Regulation 1.409A-3(i)(5), upon such Change in Control an extra payment and vesting shall be immediately made to you of any difference between the amounts due under the non-Change in Control severance described in the
Severance provision and the amounts due under this Change in Control Severance provision.
		
	SECTION 280G:	  	Notwithstanding anything in this Offer Letter to the contrary, if any payment or distribution you would receive pursuant to this Offer Letter or otherwise (“Payment”) would (i) constitute a
“parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall
either be (a) delivered in full or (b) delivered as to such lesser extent which would result in no portion of such Payment being subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state, and
local income and payroll taxes and the Excise Tax, results in the receipt by you on an after-tax basis, of the largest payment, notwithstanding that all or some portion of the Payment may be taxable under Section 4999 of the Code. The
accounting firm engaged by the Company for general audit purposes as of the day prior to the effective date of the Change in Control or, in the event such accounting firm is precluded from performing calculations hereunder, such other accounting
firm of national reputation determined by the Company, and reasonably acceptable to you, shall perform the foregoing calculations. The Company shall bear all expenses with respect to the determinations by such accounting firm required to be made
hereunder. The accounting firm shall provide its calculations to the Company and you within fifteen (15)

  
 -8- 

			
		  	calendar days after the date on which your right to a Payment is triggered (if requested at that time by the Company or you) or such other time as requested by the Company or you. Any good faith determinations of the accounting firm
made hereunder shall be final, binding, and conclusive upon the Company and you. Any reduction in payments and/or benefits pursuant to this provision will occur in the following order: (1) reduction of cash payments; (2) cancellation of
accelerated vesting of equity awards other than stock options (with the later vesting reduced first); (3) cancellation of accelerated vesting of stock options (with the later vesting reduced first); and (4) reduction of other benefits
payable to you or any such other order determined by the Company that will not result in adverse tax consequences under Section 409A of the Code.
		
	SECTION 409A:	  	Notwithstanding any provision to the contrary in this Offer Letter, no amount deemed deferred compensation subject to Section 409A of the Code shall be payable pursuant to the severance provisions above, unless your termination
of employment constitutes a “separation from service” with the Company within the meaning of Section 409A of the Code and the Department of Treasury regulations and other guidance promulgated thereunder (“Separation from
Service”).
		
		  	Notwithstanding any provision to the contrary in this Offer Letter, if you are deemed at the time of your separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the
extent delayed commencement of any portion of the benefits to which you are entitled under this Offer Letter is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of your benefits shall
not be provided to you prior to the earlier of (i) the expiration of the six (6)-month period measured from the date of your Separation from Service or (ii) the date of your death. On the first business day following the expiration of
the applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this provision shall be paid in a lump sum to you, and any remaining payments due under this Offer Letter shall be paid as otherwise provided herein. Each payment
that will be made under this Offer Letter is designated as a separate payment for purposes of Section 409A of the Code.

  
 -9- 

			
		
	OBLIGATIONS:	  	As a condition of employment with the Company, you must execute the Company’s Inventions Disclosure, Confidentiality & Proprietary Rights Agreement (the “Confidentiality Agreement”), in the form attached as
Appendix C. We wish to remind you that as a Company employee, you will be expected to abide by Company rules and policies, including those set forth in the Company’s employee handbook. Except for policies related to at-will employment, which
may only be revised as described earlier in this Offer Letter, you understand that any or all Company rules and policies may be revised from time to time, as deemed appropriate, advisable, or required by the Company.
		
		  	In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer, entity, or other person to whom you have an obligation of confidentiality,
including under any binding agreement. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise
legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring on to Company premises any unpublished documents or property belonging to any former employer, entity, or other person to
whom you have an obligation of confidentiality.
		
		  	During the Employment Period and during the period ending on the twelve (12) month anniversary of your Termination Date, you agree not to solicit, entice, encourage, or intentionally influence, or attempt to solicit, entice,
encourage, or influence, any employee of, or other Person who performs services for the Company or its Subsidiaries to resign or leave the employment or engagement of the Company or its Subsidiaries. This 12-month period shall be automatically
extended by any period in which you are in violation of the foregoing sentence after your Termination Date, to the extent permitted by law.
		
	ELECTRONIC DELIVERY:	  	The Company may, in its sole discretion, decide to deliver to you by email or any other electronic means any documents or notices related to this Offer Letter, securities of the Company or any of its affiliates or any other matter,
including documents and/or notices required to be delivered to you by applicable securities law or any other law or the Company’s Certificate of Incorporation or Bylaws or otherwise. By accepting this offer of employment and signing below, you
hereby consent to receive such documents and notices by such electronic delivery and agree to participate through any on-line or electronic system that may be established and maintained by the Company or a third party designated by the
Company.

  
 -10- 

			
		
	NONDISPARAGEMENT:	  	You shall not disparage or defame the Company, its affiliates and their respective affiliates, directors, officers, agents, partners, shareholders, or employees, either publicly or privately, except in the reasonable good faith
performance of your duties to the Company. This obligation does not apply to (i) any testimony, pleading, or sworn statements in any legal or administrative proceeding; (ii) attorney-client communications; or (iii) any communications
with a government or regulatory agency, and further, it shall not be construed to prevent you from filing a charge with the Equal Employment Opportunity Commission or a comparable state or local agency.
		
	WITHHOLDING:	  	All forms of compensation referred to in this Offer Letter are subject to applicable withholding and payroll taxes.
		
	GOVERNING LAW:	  	Except to the extent governed by Federal law, this Offer Letter shall be governed by and construed in accordance with the laws of the State of California, excluding laws relating to conflicts or choice of law.
		
	COOPERATION:	  	You agree that, upon reasonable notice and without the necessity of the Company obtaining a subpoena or court order, you will provide reasonable cooperation in connection with any suit, action, or proceeding (or any appeal from any
suit, action, or proceeding), or the decision to commence on behalf of the Company any suit, action, or proceeding, and any investigation and/or defense of any claims asserted against any of the Company’s or its Subsidiaries’ current or
former directors, officers, employees, shareholders, partners, members, agents, or representatives of any of the foregoing, which relates to events occurring during the Employment Period as to which you have relevant information (including but not
limited to furnishing relevant information and materials to the Company or its designee and/or providing truthful testimony at depositions and at trial), provided that with respect to such cooperation occurring following termination of the
Employment Period, the Company shall reimburse you for expenses reasonably incurred in connection therewith and shall schedule such cooperation to the extent reasonably practicable so as not to unreasonably interfere with your business or personal
affairs. Notwithstanding anything to the contrary, you shall be not be required to devote more than forty (40) hours of your time, pursuant to this Cooperation provision, and all such time
expended

  
 -11- 

			
		  	at a time you are not receiving severance from the Company shall be compensated at the rate of $500 per hour, except that such forty (40) hour cap shall not include or apply to any time spent testifying at a deposition or at
trial, or spent testifying before or being interviewed by any administrative or regulatory agency.
		
	ARBITRATION:	  	The parties agree that any disputes between them (including claims against the Company’s employees, officers, directors, shareholders, agents, successors, and assigns) relating or pertaining to or arising out of your employment
with the Company will be submitted exclusively to binding arbitration before a neutral arbitrator in accordance with the rules of the American Arbitration Association in San Diego, California. This means that disputes will be decided by an
arbitrator rather than a court or jury, and that both you and the Company waive their respective rights to a court or jury trial, except to enforce the decision of the arbitrator. The parties understand that the arbitrator’s decision will be
final and exclusive, and cannot be appealed. Nothing in this Offer Letter is intended to prevent either you or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. The
Company and you shall share in the arbitrator’s fees and expenses equally. The arbitrator shall have the power to award the prevailing party its attorneys’ fees and costs of arbitration (including the arbitrator’s fees paid by the
prevailing party) except to the extent prohibited by applicable law. Notwithstanding the foregoing, you and the Company each have the right to resolve any issue or dispute over intellectual property rights by Court action instead of arbitration.
Nothing in this Arbitration clause shall prevent you from filing a charge with the Equal Employment Opportunity Commission or a comparable state or local agency.
		
	MISCELLANEOUS:	  	If any provision or any part of this Offer Letter is adjudged by a court of competent jurisdiction (or an arbitrator) to be invalid or unenforceable, the same shall in no way affect any other provision or remaining part thereof of
this Offer Letter, which shall be given full effect without regard to the invalid or unenforceable provision or part thereof, or the validity or enforceability of this Offer Letter. This Offer Letter constitutes the entire agreement and
understanding between the Company and you with respect to the subject matter hereof and supersedes all prior agreements and understandings (whether written or oral), between you and the Company (but not the Confidentiality Agreement), relating to
such subject matter, including the Employment Agreement. The rights and obligations of the parties under the Offer Letter shall survive,

  
 -12- 

			
		  	and remain binding and enforceable, notwithstanding the termination of this Offer Letter, to the extent necessary to preserve the intended benefits of such provisions. This Offer Letter shall not be construed strictly for or against
either party. No provision of this Offer Letter may be amended, modified, waived or discharged except by a written document signed by you and a duly authorized officer of the Company (other than you). The failure of a party to insist upon strict
adherence to any term of this Offer Letter on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Offer
Letter. No failure or delay by either party in exercising any right or power hereunder will operate as a waiver thereof, nor will any single or partial exercise of any such right or power, or any abandonment of any steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power.
		
	CLAWBACK:	  	You agree that to the extent required by applicable law or written Company policy, to the extent it implements the requirements of such law (including without limitation Section 304 of the Sarbanes Oxley Act and Section 954 of the
Dodd Frank Act), the annual discretionary bonus, any equity compensation and any other incentive compensation shall be subject to any required clawback, forfeiture, recoupment, or similar requirement pursuant to such law or policy.
		
	ASSIGNMENT:	  	This Offer Letter is personal to you and is not assignable. This Offer Letter shall be binding on, and shall inure to the benefit of, the parties to it and their respective heirs, legal representatives, successors, and permitted
assigns (including, without limitation, successors by merger, consolidation, sale, or similar transaction and in the event of your death, your estate and heirs in the case of any payments due to you hereunder).
		
	NOTICES:	  	Any notice, request, claim, demand, document, and other communication hereunder to any party shall be effective upon receipt (or refusal of receipt) and shall be in writing and delivered personally or sent by facsimile or certified
or registered mail, postage prepaid (or if it is sent through any other method agreed upon by the parties), as follows:
		
		  	 If to the Company:
 Company: Novatel Wireless,
Inc.
 Attn: Board of Directors
 Facsimile: (858)
812-3402

  
 -13- 

			
		
		  	If to you, at the address set forth in your Company personnel file;
		
		  	or at any other address as any party shall have specified by notice in writing to the other party.
		
	INSTRUCTIONS:	  	Please execute the original of this Offer Letter indicating your receipt, acknowledgment, and agreement with this Offer Letter. This offer is contingent on your execution and delivery to the Company of the following: (i) this
Offer Letter and (ii) the Confidentiality Agreement.

 We look forward to your remaining our Chief Executive Officer. 

Novatel Wireless 
  

	
	/s/ Sue Swenson
	Sue Swenson
	Chairman of the Board of Directors

 I am pleased to accept the offer of at-will employment under the terms stated in this Offer Letter, and I understand and agree
to all of its terms. 
  

			
		
	Accepted:	 	/s/ Alex Mashinsky
		 	Alex Mashinsky
		
	Date:	 	November 2, 2014
		 	

  
 -14- 

 APPENDIX A 

DEFINITIONS 
 (a)
“Accrued Amounts” means all accrued but unpaid salary, accrued but unused vacation, incurred but unreimbursed business expenses payable in accordance with applicable law or Company policy, or vested benefits (other than severance)
under any Company benefit plan. 
 (b) “Cause” means (i) any act of material misconduct or material dishonesty by you
in the performance of your duties; (ii) any willful failure, gross neglect, or refusal by you to attempt in good faith to perform your duties to the Company or to follow the lawful instructions of the Board (except as a result of physical or
mental incapacity or illness) that is not cured within a reasonable period after written notice; (iii) your commission of any fraud or embezzlement against the Company; (iv) any material breach of any written agreement with the Company,
which breach has not been cured by you (if curable) within thirty (30) days after written notice thereof to you by the Company; (v) your being convicted of (or pleading guilty or nolo contendere to) any felony or misdemeanor involving
theft, embezzlement, dishonesty, or moral turpitude; and/or (vi) your failure to materially comply with the material policies of the Company in effect from time to time relating to conflicts of interest, ethics, codes of conduct, insider
trading, or discrimination and harassment, or other breach of your fiduciary duties to the Company, which failure or breach is or could reasonably be expected to be materially injurious to the business or reputation of the Company. 

(c) “Change in Control” means either: 

(i) any “person” (as such term is defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes, after the Effective Date, a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities eligible to vote for the election of the Board (the “Company Voting
Securities”) or of substantially all of the Company’s assets; provided, however, that an event described in this clause (i) shall not be deemed to be a Change in Control if any of the following becomes such a beneficial owner:
(A) the Company or any majority-owned subsidiary (provided, that this exclusion applies solely to the ownership levels of the Company or the majority-owned subsidiary), (B) any tax-qualified, broad-based employee benefit plan sponsored or
maintained by the Company or any majority-owned subsidiary, (C) any underwriter temporarily holding securities pursuant to an offering of such securities, or (D) any person pursuant to a Non-Qualifying Transaction (as defined in clause
(ii)); or 
 (ii) the consummation of a merger, consolidation, statutory share exchange, or similar form of corporate transaction involving
the Company or any of its subsidiaries that requires the approval of the Company’s stockholders, whether for such transaction or the issuance of securities in the transaction (a “Business Combination”), unless immediately
following such Business Combination: (A) more than fifty percent (50%) of the total voting power of (x) the corporation resulting from such Business Combination (the “Surviving Corporation”), or (y) if
applicable, the ultimate parent corporation that directly or indirectly has beneficial ownership of one hundred percent (100%) of the voting securities eligible to elect directors of the Surviving Corporation (the “Parent
Corporation”), is represented by Company Voting Securities that were outstanding immediately prior to such Business Combination (or, if applicable, is represented by shares into which such Company Voting Securities were converted pursuant
to such Business Combination), and such voting power among the holders thereof is in substantially the same proportion as the voting power of such Company Voting Securities among the holders thereof immediately prior to the Business Combination,
(B) no person (other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation), is or becomes the beneficial owner, directly or indirectly, of more than fifty percent
(50%) of the total voting power of the outstanding voting securities eligible to elect directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation), and (C) at least a majority of the members of
the board of directors of the Parent Corporation (or if there is no Parent Corporation, the Surviving Corporation) following the consummation of the Business Combination were members of the Board as of the date hereof or at the time of the
Board’s approval of the execution of the initial agreement providing for such Business Combination (any Business Combination which satisfies all of the criteria specified in (A), (B) and (C) above shall be deemed to be a
“Non-Qualifying Transaction”). 

  
 -15- 

 (d) “Change in Control Period” means the period commencing 30 days prior to a
Change in Control and ending on the 12-month anniversary of such Change in Control. 
 (e) “COBRA” means the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended. 
 (f) “Code” means the Internal Revenue Code of 1986, as amended.

 (g) “Common Stock” means the Company’s common stock, par value $0.001 per share. 

(h) “Contemplation of a Change in Control” means a Covered Termination that occurs as a result of an action directed or
requested by a person that directly or indirectly undertakes a transaction that constitutes a Change in Control of the Company. 
 (i)
“Covered Termination” means your resignation for Good Reason or the termination of your employment by the Company other than a Disability Termination or a termination for Cause that, in each case and to the extent necessary,
constitutes a Separation from Service (as defined in the Offer Letter). 
 (j) “Disability Termination” means a termination
of employment by the Company of your employment after you have been unable for 90 days in any 365-day period to perform your material duties because of physical or mental incapacity or illness. 

(k) “Employment Period” means the entire period during which you are employed by the Company. 

(l) “Good Reason” means the occurrence, without your written consent, of any of the following: (i) a material diminution
in your base compensation; (ii) a material diminution in your job responsibilities, duties, or authorities; (iii) a material change of at least fifty (50) miles in the geographic location at which you must regularly perform your
service (it being recognized that you will regularly be performing your service in both San Diego and your home city and requiring you to cease performing services in your home city shall not be a material change of at least 50 miles); or
(iv) the Company providing you with notice that it will not renew your Offer Letter. Notwithstanding the foregoing, you shall not be deemed to have “Good Reason” unless: (x) the condition giving rise to such resignation continues
more than thirty (30) days following your providing to the Company a written notice detailing such condition; (y) such written notice is provided to the Company within ninety (90) days of the initial occurrence of such condition; and
(z) your resignation is effective within thirty (30) days following the expiration of the Company cure period pursuant to subclause (x). 

(m) “Person” means any individual, corporation, partnership, limited liability company, firm, joint venture, association,
joint-stock company, trust, unincorporated organization, governmental or regulatory body, or other entity. 
 (n)
“Subsidiary” means, with respect to any Person, (i) any corporation of which at least a majority of the voting power with respect to the capital stock is owned, directly or indirectly, by such Person, any of its other
Subsidiaries or any combination thereof or (ii) any Person other than a corporation in which such Person, any of its other Subsidiaries or any combination thereof has, directly or indirectly, at least a majority of the total equity or other
ownership interest therein. 
 (o) “Termination Date” means the last day of your employment with the Company. 

  
 -16-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]