SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement • November 4th, 2015 • xG TECHNOLOGY, INC. • Communications equipment, nec • New York
This Settlement Agreement and Mutual Release (this “Settlement Agreement”), dated as of the 2nd day of November, 2015, is made by and between that certain holder listed on the signature page attached hereto (the “Holder”) of certain Pre-Funded Series B Warrants To Purchase Common Stock of xG Technology, Inc. issued on August 19, 2015 (collectively, the “Warrants”) and xG Technology, Inc. (“xG Technology” or the “Company”) (the Company and the Holder may also be referred to in the aggregate as the “Parties”). Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Warrants.
